Full text of Commercial and Financial Chronicle : July 30, 1910 : Railway and Industrial Section, Vol. 91, No. 2353 [Copy 1]

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GENIAL LIBRARYi
UNIV. OF riuCtt,
AUG l 1910

financial

roitirle

RAHWAY AND INDUSTRIAL
SECTION

PAGES

1

TO

16®

INCLUSIVE.

QENERAL INDEX
Page.

EDITORIAL ARTICLES—
TRAIN DESPATCHING BY
TELEPHONE
COMPLETION PENNSYLVANIA’S N. Y.
IMPROVEMENT
-

DEMAND AND SUPPLY INTHE STEELCAR
SITUATION
STEAM RAILROADS

3
4
5

7-136; 164-166
INDUSTRIAL AND MISCELLANEOUS COMPANIES
137-164
NEW YORK AND BROOKLYN BANKS
167
NEW YORK AND BROOKLYN TRUST CO’S
167
N. Y. AND BROOKLYN FIRE
INSURANCE CO’S
167
GAS COMPANIES (See also
“Miscellaneous”)
167
-

-

-

-

-

-

-

-

•

We

have no extra copies

WILLIAM B.

DANA

op this

Section.

COMPANY, PUBLISHERS,

Front, Pine & Depeysteb Sts., New York.
Copyrighted in 1910, according to Act of
Congress, by WILLIAM B. DANA COMPANY, in office of Librarian
of Congress, Washington, D. C.




JOHN

H.

DAVIS

&

CO.,

BANKERS
AND

DEALERS

IN

HIGH-CLASS

INVESTMENT

SECURITIES.

MEMBERS OF NEW YORK AND PHILADELPHIA STOCK EXCHANGES.

Buy and Sell Stocks
on margin.

on

all exchanges ON COMMISSION ONLY, and carry Stocks ssaA

Bonds

10

WALL

STREET, NEW

YORK

Brown Brothers & Co.,
PHILADELPHIA,
4th and Chestnut Sts.

NEW

YORK,
59 WALL STREET.

BOSTON,
90 State SL

AND

ALEX. BROWN & SONS, Baltimore and Calvert Sts., Baltimore
ALL

Nlembers’of the New

CONNECTED

BY

PRIVATE

WIREc

York, Philadelphia, Boston and Baltimore Stock Exchanges.

Execute Orders on Commission for Purchase and Sale ot Stocks, Bonds, and all Investment Secur¬
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Commercial Letters of Credit and Traveler*’ Letters of Credit
Collections

made

on

all

lssned, available In all parte of the World*
points; Telegraphic Transfers of Honey made between this Country and Bnrope.

Peposlt Aeeonnts of American Banks, Bankers, Firms and Individuals received upon favorable tei

Brown, Shipley ft Co., Founders’ Court, Lothbury, E. C., London.
t. 8. TABLES

h. l. finch

W. 8. TARBBLL

J. S. FARLEE & CO.,
MEMBERS

OF THE

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RAILROAD
On

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suitable for Savings Banks Trust Funds
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Correspondence Solicited.

immediate

Delivery,

MAYNARD C. EYRE.
MILTON J. WHITELY.




BONDS,

-

M. R.

and

WILLIAM A. JENNINQS.
ARCHIBALD F. McLIESH.

CAMPBELL, Special

PRINCE & WHITELY

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Bankers and Brokers,
NO.

82

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AND

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STREET,

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AND

OTHER

Investment Securities.
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FISK

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&

SONS,

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PHILADELPHIA,
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OUR

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SIMON

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SECURITIES

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ON

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CO.,

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HENRY W. SHOEMAKER.




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WILLIAM F. WHITEH0U6E.

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< NEW

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2

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232 La Salle

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St, Chicago

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AND CHICAGO

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Lists Sent

on

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Request.

Middendorf, Williams & Co.




BANKERS

Sc

BROKERS.

■*

Fayette 9a North Streets, BALTIMORE, MD.

Southern Securities A

Specialty.

We Finance
Electric

Light, Power and Street Railway Enterprises
Earnings

With Records of Established

We Offer
Bankers and Investment Dealers
Proven Public Utility Securities
Correspondence solicited

Electric Bond and Share Company
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71

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and Letters of Credit

Investment Securities
Interest Allowed

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Deposits Subject to Cheque

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&

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RAILWAY AND INDUSTRIAL
SECTION
OF THE

fi()MMERCIAL~&~ ]7 INANCIAL~(]hRONICLL
Copyrighted In 1910 according to Act of Congress, by WILLIAM B. DANA COMPANY, In office of Librarian of Congress,
Washington, D. C.

Yol. 91.

Railway

NEW YORK, JULY
and

Industrial

Section.

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TRAIN DESPATCHING BY TELEPHONE.
Just two years ago the Association of

Railway

Telegraph

Superintendents in annual convention
general adoption of the telephone
for train despatching.
This was a practical admission
and at the same time a prompt
recognition that the
call of the telephone bell had rung the death knell of
the telegraphist's code tick which has done, and is
doing, such good service in this branch of railroad
operation. The demonstrated saving of time in the
prevention of delay and increased efficiency of service
by the quicker removal of blocks on the tracks by a
means readily utilizable
by train crews, are unanswer¬
able arguments for the use of
railway telephone
apparatus in conjunction with and in a particular
field substitution for the code
telegraph.
The facts collated and placed before the
superin¬
tendents at their recent convention at Los
Angeles
show very remarkable progress in the
rapid extension
of train dispatching by telephone on the
larger rail¬
recommended the

roads in the last year or two. Installations
go no
farther back than four years. The Inter-State Com¬
merce Commission from the latest
reports furnished by
the railroad companies enumerates 263 lines on which
the telephone is used
partially or wholly for the trans¬
mission of rail orders which confer, restrict or
change
the road rights of trains. The

30, 1910

No. 2353

This rate of increase is likely to be
maintained, as
all the more important railroads are
extending the
use of the
telephone as rapidly as is practicable. The

only check is the restriction shown by some railroad
directors in outlay upon equipment in view of the in¬
crease all around in
operating expenses during the
past decade.
These official reports are confirmed by the
activity
of the manufacturers, who are busily engaged to
the
full capacity of their plants in the endeavor to
satisfy
the “repeat” orders of the roads which have at once
become satisfied with the result of their initial installa¬
tions. In the Commission's report the returns showed
that the Delaware Lackawanna & Western

was

then

using the telephone on 900 miles out of a total of 957;
the Virginian on 470 out of 472; the
Pennsylvania on
1,195 miles out of a total of 6,736; the New York
Central Lines on 1,942 out of 9,145 miles; the Atchison

Topeka & Santa Fe on 2,100 miles out of a total of
9,450, and the Great Northern on 1,511 out of 6,536
miles. The Santa Fe has recently ordered
telephonedespatching equipment for 4,600 miles more of its
system in the intention of eventually directing the
entire movement of traffic and train by
telephone.
The Great Northern, with the completion
of its Cascade
division, has nearly 4,000 miles of telephone line in
use and is
developing it on the Seattle and Spokane
division; and the Southern Ry. is equipping its
Greensboro-Lynchburg division of about 124 miles
with 36 way stations with the latest type of
dispatching
apparatus.
This evidence of its

in every

section of the
country indicates that the immense utility of the tele¬
phone in this branch of railroading is fully realized.
Its general extension is now only
a matter of time, as

.the smaller railroads

appropriations
not

use

able to make the necessary
for equipment, the returns of which
are

in increased dividends.
on the
experience of imme¬
diate relief given congestion of traffic
by the intro¬
are

The

apparent at

new

orders

duction of the
one

instance of

once

are

based

telephone-dispatching
a

recent

installation it

apparatus.
was

In

found that

single-track division over which heavy traffic is
carried on, the dispatcher has been able to handle the
same amount of work as
previously at a saving of
on a

about

aggregates 26,344 miles, or a fifth part
of the total mileage of railroad
using the telegraph
or
telephone for train dispatch orders, which is
131,014. During the past year the mileage of railroads
on which the
telephone is used for despatching pur¬

40% in time. In another case where a wreck
occurred, the provision of portable telephones enabled
help to be sent to the scene of the disaster and a
wrecking crew with necessary equipment to be en¬
gaged in clearing the tracks in an hour less than would
have been possible through the medium of the tele¬
graph, which would have involved extra time in
reaching a telegraph operator’s box and the translation

poses

of the orders.

last account

has been doubled.




telephone mileage by the

RAILWAY AND INDUSTRIAL SECTION

4

(VOL. LXXXXI.

conductor communication with a station from the headquarters
or other member of a train’s crew to obtain connection
despatch office has been reduced from seven seconds
with the adjacent wires and to make known to the by half. The first ten stations on a line can be called
headquarters staff the difficulty that may be encoun¬ inside of one second, and the thirtieth is rung in three
tered by his train.
In the railway composite telephone seconds. An efficient answer back signal is provided,
and telegraph system, devised and now in common dependent on the operation of the bell, so that the
nse for the purpose of enabling telephone and telegraph
despatcher is told beyond doubt whether or not the
messages to be transmitted simultaneously over bell rang at the station called. The removal of such
grounded telegraph lines, the adaptation of a telegraph uncertainty is one of the advantages of the telephone in
system to telephone operation requires little or no that it lessens the wear and tear upon the operator’s
change in the telegraphic apparatus or in its operation. nerves—a feature which, in relation to the employer’s
All that is necessary is to bridge the apparatus at each liability for the errors of employees, is more important
telegraph station with a condenser and a resistance, than is generally recognized.
and at the telephone stations to connect the telephonic
COMPLETION OF THE PENNSYLVANIA’S
apparatus between the line and ground. The length
NEW YORK IMPROVEMENT
of line over which service can be successfully carried
As a railroad engineering achievement the Pennsyl¬
on in the use of the railway composite apparatus and
vania’s
tunnel and terminal improvement in New York
the number of stations utilized vary with the particular
character of the individual telegraph line, but it is City to be opened for operation in September deserves
ound to be practicable over ordinaiy telegraph lines the fullest recognition that can be given to it. Colossal
its magnitude, the scheme of driving a trunk rail¬
up to a hundred miles in length and with as many as in
road through the heart of the most congested and
five intermediate telegraph stations.
While it is found convenient in many cases to adapt busiest city of America has been carried out with re¬
the ordinary telegraph wires to the use of the tele¬ markable' completeness.
All the resources of the
world’s
greatest railway were behind the enterprise,
phone, the complete apparatus where full substitu¬
but
the
tion is designed includes the use of copper wire weighing
triumphant consummation of a work unparal¬
210 lbs. per mile, of sufficient size to insure a very high leled in the history of a single railroad company could
grade of telephone transmission over lines in excess only have been made possible by the loyal and un¬
of that now required for dispatching service. A swerving adherence of able lieutenants and successors
circuit of this kind is calculated to withstand wind of the great railroad president whose master mind
and sleet storms of the severest kinds. The cost of conceived the undertaking and determined its execu¬
Alexander J. Cassatt died December 28 1906,
the average installation is about $80 a station, and tion.
taking altogether the cost of the dispatcher’s equip¬ when the construction of the improvement he had de¬
ment and line construction, a dispatching circuit of 150 vised and with which he had identified himself was
miles, to which are connected 30 stations, costs approxi¬ well under way. Probably the anxieties inseparable
mately $15,000, or at the rate of $100 per mile. Under from the manifold arrangements, financial and execu¬
present conditions the movement of freight on the tive, necessarily dependent on his decision impaired
main line railroads could not keep pace with the his health, though the immediate cause of collapse
demands of the shippers without the use of the tele¬ was the contraction of whooping cough from a child
phone in combination with the telegraph. In tracing member of his family. The New York terminal of the
individual car movements in low-grade freight divisions Pennsylvania and the tunnel system connecting it with
the telephone has almost without notice supplanted the mainland overcoming the river barriers on either
the telegraph as completely as the telegraph supplanted side are the monument to President Cassatt’s genius.
President Cassatt, when he became President of his
the mail letter.
Its supremacy in the latest terminal
installations is unquestioned.
company in 1899, could not reconcile himself to the
The elaborate research, invention and testing work permanent exclusion of the Pennsylvania Railroad
carried on in the laboratories of the chief telephone system from the most important and populous city
manufacturing companies has during the past few in the country by the barrier of a river less than a
A general policy had been designed for
months accomplished much in perfecting the details mile wide.
of the apparatus employed in train dispatching. the Pennsylvania of the interchange of freight between
Great strides have been made towards standardizing the New England manufacturing districts on the one
the various essential pieces, though the field is such a side and Pittsburgh and Philadelphia on the other
new one that there is ample scope for the free exercise
by way of New York, tapping there the richest source
of ingenuity for development of the telephone to an of revenue from the distribution of goods, as well as
extent at present inconceivable.
Particularly note¬ from passenger traffic. The difficulties of the geo¬
worthy is the new step attained in the production of graphical situation were very great. The project offa
the latest type of selector, the instrument employed great bridge across the Hudson to be used jointlyjby
to communicate with any station on the installation. the trunk railroads having terminals on the Jersey
Formerly the station which the dispatcher wishes to bank fell through. The rapidly appreciating valueYff
call could not be communicated with without partial land in the narrow strip of Manhattan Island seemed
disturbance of messages all along the line, tending almost prohibitive to the acquisition of an area suf¬
to the confusion of the operators and increasing the ficient for a central station.
Mr. Cassatt did not balk
liability to error. The new selector after the most at the enormous cost. He determined that the Penn¬
severe laboratory tests, and the equivalent of
many sylvania should proceed alone.
The project was not to close with a butt end inrNew
years’ service given under repeated operations, indi¬
vidualizes the stations on the circuit which may be as York City. The scheme reached farther than merely
The line must be carried
many as fifty, and this covers the requirements of the entrance into the city.
through to Long Island, to open up to the Pennsyl¬
majority of train-despatching districts.
So high a speed has been attained in the improved vania the territory of the Long Island Railroad that
selector that the average length of time required for had already become its subsidiary and rich in future
It is

,




a

comparatively

easy

operation for

a

July, 1910.]

possibilities.

RAILWAY AND INDUSTRIAL SECTION.

Under

5

working agreement with the feet wide. Part of the station area is occupied by the
New York New Haven & Hartford Railroad Co., Federal Post Office, and the railroad
administrative
freight traffic common to the two lines was to be offices of the Pennsylvania and Long Island are con¬
carried over a connecting line to be built jointly in the centrated in the
wings of the building in a compre¬
outer ring of New York City joining Long Island to hensive
arrangement.
the mainland again by a bridge over the narrow neck
That the effects of the Pennsylvania
improvement
of the Sound.
will aid materially in the simplification of New York’s
As the project shaped itself, the feasibility of its
transportation problem, by the opening of new through
operation was promoted by the employment of elec¬ routes, may now be confidently predicted. The exe¬
trification. Circumstances compelled the Long Island cution of a bold
conception that has overcome natural
road to adopt this change in motive power for its sub¬
physical difficulties and has, though at greatly en¬
urban traffic.
Electrification of its terminal lines hanced cost, carried a trunk line
through a congested
was seen to solve the problem for the
Pennsylvania, business city, has attracted the attention of railroad
removing objections to the use of tunnels because of constructors of the world. For metropolitan cities
the smoke of steam locomotives.
such as Montreal and the rising
municipal communities
The opening of the Pennsylvania terminal station of Canada and the United
States, the experience
for traffic on the one side to and from Long Island
gained will be of the utmost value, and is already uti¬
points and on the other to and from the New Jersey lized in the preparation for similar undertakings in¬
side of the Hudson, thus giving direct access to New tended to combine
long distance and suburban traffic
York City from every part of the system, is the prac¬ in central terminals.
In the prudent location of such
tical realization of the Cassatt policy.
Of the four terminals, municipal authorities are vitally interested,
main divisions of the improvements, the New York for the future convenience of the inhabitants
of their
Connecting Railroad to be built jointly by the Penn¬ cities; and intelligent cooperation between the rail¬
sylvania and the New Haven alone remains to be fin¬ roads, the local civic authorities and the State and
ished. In the revised estimates the total cost was put Federal railroad commissions is of
supreme importance.
at $159,000,000.
Of this $100,000,000 was allotted For this reason the terms of the franchises under which
to the New York tunnel extension and
station, $35,- the Pennsylvania improvement was made possible de¬
000,000 to the Long Island Railroad electrification serve careful study.
with the subsidiary improvements at Bay Ridge and
Two charters were necessary, one for New
Jersey
Atlantic Avenue, the Glendale cut-off freight yards and one for New York. The
organizations, originally
and new equipment.
The improvements in New completed in 1902, were consolidated in June 1907 into
Jersey, including the electrification of the line from the present company under the name of the Penn¬
Jersey City to Newark, the Greenville freight line and sylvania Tunnel & Terminal Co., a corporation of
terminal on New York Bay, were to cost $10,000,000 both States. As
regards the relation to the City of
and the balance of $14,000,000 was allotted to the New
York, the franchise gives to the corporation a
Connecting Railway. One pair of the East River grant by the city in perpetuity of rights, subject to a
tunnels will be devoted to the use of the trains running
periodic readjustment of payments at intervals of
to and from New York and Boston
by this new route over twenty-five years. The railroad was granted the
the New York New Haven & Hartford road. Thesecond
necessary facilities for the operation of passenger and
pair will be chiefly utilized for the rapidly expanding freight trains, including telegraph wires and the vari¬
suburban passenger traffic of the Long Island road.
ous wires and cables for the distribution of
power,
All the six river tunnels, four beneath the East heat and
light. The annual rentals for river, tunnel
River and two beneath the Hudson, have a maximum and street
rights amount to $38,395 for the first ten
capacity of 144 trains per hour. The proposed daily years and $76,591 for the next fifteen years. If the
service when the system is developed for normal
city and the railroad company shall not agree upon the
schedules will be 1,000 trains a day, 400 for the Penn¬
readjusted rates periodically, they are to be deter¬
sylvania trains and 600 for the Long Island road. mined by the Supreme Court of New York State. The
Arrangements for the opening are based on a total of franchise was approved by the Mayor in December
500 trains in and out of the
Pennsylvania station for 1902. A special consulting board of engineers for
the twenty-four hours, with a movement of 50 at the the
tunnels, appointed by President Cassatt, was or¬
maximum hour.
ganized Jan. 11 1902, and dissolved April 30 1909, on
In a summary record of an achievement of this
the
mag¬
practical completion of its work, Colonel Charles
nitude, useful for comparison with the terminal con¬ W. Raymond of the Corps of Engineers, U. S.
Army,
struction now in progress or in contemplation in other
being its head. The interval has been occupied in the
large cities of the continent, it may be convenient to perfecting of the equipment and organization for
recapitulate some of the dimensions of the improve¬ bringing the train service into operation. The mani¬
ment.

The

area

a

of the terminal itself in New York

fold details and

new

conditions and the difficulties in

City is 28 acres, the total excavation required for getting the rolling stock account for the
delay that has
this being 3,000,000 cubic
yards. The total length occurred.
of track in tunnels, exclusive of
yard tracks in station,
is 16.5 miles. There are 11
passenger platforms with DEMAND AND SUPPLY IN THE STEEL CAR
a length of 21,500
feet, 25 baggage and express lifts
SITUATION.
and a storage capacity of station
Time
alone can determine what basis there was for
yard tracks for 386
cars.
The station itself has from the exterior an
the
ap¬
rumor, widely circulated in the closing days,
parently low elevation, the maximum height above of the session at Washington, when the final shape
the street being 153 feet; but the fine
proportions and of the Railway Bill was still uncertain, that United
commodious space are realized in the interior,
allowing States railroads would be obliged to resort to the
for
the various levels below the surface.

waiting

The main

is 277 feet long, 103 feet wide and 150
feet high, and the concourse is 340 feet long and 210
room




cancellation of orders. In the play
the legislation which was supported by

of forces over
all the influence

of the Administration under Presidential pressure,

it

RAILWAY AND INDUSTRIAL SECTION

«
was

natural that from the interests whose material

with the three

or

last few months.

four

[VOL. LXXXXI

car-building companies in the

The manufacturers have their hand*

affected there should
expressing more or less apprehension. so full that they will take no orders guaranteeing
Exaggeration, however, doubtless played its part in delivery until eight months ahead.
As proof of the longer life of the steel car it may
these rumors.
Some actual contraction occurred in
ordering supplies and equipment, but this was simply be stated that in a period of eleven years on one of the
because such a step was considered advisable by some chief railroads only 18 pressed steel cars have beea
railway managers towards the close of their fiscal year. destroyed out of a total of 74,814, whereas about
There is little basis for fears that the supposed stoppage 20,000 wooden cars were destroyed as a result of being
of orders will imperil the efficiency of the railroads. damaged in service. Of the steel under-frame cars
At all events, thus far the stoppage has not yet 126 were destroyed out of a total of 57,200 in th«
reached extensive proportions.
In the case of the same period. In the space of the thirteen years since
building of cars, for instance, the large orders that the introduction of the steel car it is estimated that
had been placed early in the year could not be retrac¬ approximately 325,000 all-steel cars and 245,000
ted, though inquiries with a view to fresh outlay steel under-frame cars have been built, involving an
expenditure by the railroads of possibly more than
might be checked.
The car-building companies have now been working $500,000,000.
The construction in the last twelve
at great pressure for more than two years.
Railway years has developed a car of about 40,000 lbs. from the
managers, especially in the East, have become con¬ average pressed steel car of 34,000 lbs. at the beginning
vinced of the superiority of the steel-constructed car, of the period.
The maintenance of steel cars does not. as a rule
and practically all the larger trunk lines are making
The designer of the original pressed
haste to replace their wooden passenger and freight exceed $30 a car.
rolling stock with steel. On the Western roads steel car, Mr. Charles T. Schoen, who has recently
there is not the same unanimity in this regard as in given authentic figures on this matter, has suggested
But the wooden car quickly deteriorates, that in the building of the stronger car of to-day the
the East.
and when side-tracked and switched is apt to be central fundamental idea of saving in dead weight
neglected and, through want of prompt and careful has been lost sight of. He anticipates that at the
attention in repair work, lost to service. The greater rate steel cars are being built to-day the number
durability of the steel car, consequently, may easily will be trebled in the next ten or fifteen years.
In accounting for delays occurring in the construc¬
As to the
recoup the greater first cost in production.
quantity of freight cars required to move the produce tion of cars, the part played by the individual views
of the country, the Reading, it appears, last year used of railroad engineers in drawing out the specifications
42.3 cars for every mile of its line.
This was the greatest of steel cars, the standards for which have been by
mileage number, though the Pennsylvania’s Eastern no means established, and their requirements in regard
lines have a large numerical lead, possessing 128,220 to the subsidiary details according to patents and
cars in 1909 (out of 181,382 in its entire system)
specialties, need to be considered. The wheels, j ournalThe shortage of freight cars which, two years ago, bearings, air-brake hose, brake beams, couplers and
was considered likely to impede seriously the required
draft-rigging area few of the items on which a railroad’s
movements of crops, cattle and crude material did engineer may have decided preferences.
Alterations
not develop as anticipated.
It is certain, however, may be desired when the construction is well in hand.
that the supply of new cars has not kept pace with the Owing to the lay-out of the construction shops and
normal growth of the country’s population and the the assembling of the parts required, delay on any
needs of traffic expansion such as would come in one car may mean the holding up of a long string
normal times.
Hence, though there may be a slowing of vehicles, while supplies of the various patent articles
down of activity in manufacture, it would appear that of furniture for the car may disarrange the best laid
the inactivity must, sooner Or later, be followed by plans for completing an order on time.
To what extent variety of detail still enters into
a spurt to make good the arrears.
Those companies
which had the means and available funds after the the construction of cars may be gathered from the
panic, like the Harriman lines, wisely invested their report on classification of cars presented by a com¬
new loans in equipment at the moderate
prices they mittee of the Master Car-Builders’ Association at the
could then obtain.
Minor companies, as they fell into recent convention at Atlantic City. The attempt to
line, found the cost mounting with the higher prices classify the many types of car was given up as almost
of labor and material and the difficulty growing a hopeless task. After investigating the rolling
of obtaining early delivery.
equipment of 43 railroads, operating 117,500 miles
Four years ago the Pennsylvania announced that of track and owning approximately 1,350,500 cars, the
all future additions to its passenger car equipment committee found a definite classification impossible
would be of all-steel construction. Since then it has which would give the individual characteristics that
obtained nearly two thousand cars of this description. would in any way be applicable to the equipment of
They include the steel sleeping and dining cars with the various railroads of the United States.
the Pullmans that are being delivered at the rate
In the delays in deliveries, of which much complaint
of from fifty to sixty a month.
The improved steel has been heard by the Public Service and Railroad
®ar weighs 118,500 lbs., as against the 85,000 lbs. of
Commissions of various States, such factors as these
In the hazard deserve recognition.
the standard vestibule wooden coach.
As activity in orders, however,
of wrecks the greater strengths prevent telescoping has now fallen off somewhat, and the productive
while the fire-proof qualities (no more than 125 lbs. capacity of the car-manufacturing companies is gradu¬
of wood being contained in the car), insure the company ally increasing, a breathing spell has at least been
against the heavy losses formerly experienced. The obtained. The lull seems unlikely to be more than
Baltimore & Ohio, the Chesapeake & Ohio, the temporary, as on a general review of the situation indi¬
Missouri Kansas & Texas and the New York Central cations point to a long period ahead of continuous
are among the lines which have placed large orders
production of steel cars.
property was most directly

arise protests




.

RAILROAD COMPANIES*
FOR MISCELLANEOUS

COMPANIES SEE PAGES 137 TO 163, INCLUSIVE.

EXPLANATORY.—This Supplement Is expressly Intended for use In connection 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. 88, p.
000) where fuller information
may be found.
Following also each statement Is given a reference to the latest news Item In the “Chronicle” respecting the
company.
As every
guch Item contains a reference to the last preceding Item, the reader can run back over the company’s history at pleasure. Annual reports are In
black-faced figures.
Index.—Any company not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
Dividends.—The dividends tabulated In the text are those actually paid during the calendar years
named, irrespective of when earned.
Net eamlnos are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed
charges.
Securities.—These are described In table at head of page (except the stock, for lack of space, sometimes
only In text below) as follows:
Miles of Road.—Opposite bonds, this means the miles of road owned covered by the mortgage.
Site or Par Value.—Shows (In dollars unless otherwise marked), the denominations or par value,
“100, Ac. ” signifying $100 and larger.
Rate Per Cent.—The Interest and dividend rate per annum Is here shown:
g, gold; cur, currency; x, extra; s, stock or scrip.
When Payable.—J A J stands for January and July; F & A, February and August; MAS, March and
September; A A O, April and October; MAN.
May and November; J A D, June and December; Q-J, quarterly from January; Q-F, quarterly from February; Q-M,
quarterly from March.
Bonds Principal When Due, Etc.—This column shows the date when the bonds mature and the amount and date
of the last dividend.
Abbreviations In table: M for “mortgage”; gen M for “general mortgage”; con M or consol M for “consolidated
mortgage”; Inc M for “Income mortgage”

for “gold”;

c or cur for “currency”; guar p A 1 for “guaranteed principal and Interest”; cum for “cumulative”;
non-cum for “non-cumulatlve”
for “convertible Into stock at holders’ option”; pref for “preferred”; s f for “sinking fund”;
1 gr for “land grant”; r “fully registered (no coupons”;
c “coupon”; c* “coupon, but may be registered as to principal”; r* reg., convertible into
coupon bonds; br “branch”; end “endorsed”; red, “redeem¬
able”; dr’n or drawn, “subject to call when drawn by lot"; p m. “per mile”; as’d, “assumed”; x, “payable without deduction for
any tax.”
Mortgage Trustees and Stock Transfer Agents (TR Treasurer’s Office) are Indicated thus:
g

conv

NEW YORK CITY—

N Y C IT Y— (.Concluded)
CHICAGO—
Ta
—Trust Co of America
AC —Amer Trust A Sav Bk
—Union Trust
Un
FC —First Tr A Sav Bk
—United States Trust
Us
IC —Illinois Trust A Sav Bk
E« —Equitable Trust
Usm —U S Mort A Trust Co MC —Merchants’ Loan A Tr
P —Farmers’ Loan A Trust
NC —Northern Trust
Q —Guaranty Trust
BALTIMORE—
K —Knickerbocker Trust
C—Union Trust
Ha—Manhattan Trust
BBa —Balt TruBt
WC—Western Trust A Sav Bk
Me—Mercantile Trust
CoBa —Continental Trust
FBa —Fidelity Trust Co
Mp—Metropolitan Trust
LOUISVILLE—
N —New York Trust
MBa —Maryland Trust
CL —Columbia Finance A Tr
Trust
8 —Standard
MeBa—Mercantile Tr A Dep FL—Fidelity Tr A Safety V
SBa —Safe Dep A Trust Co LL —Louisville Trust

Ba —Bankers’ Trust
Ca—Carnegie Trust
Ce —Central Trust

8C —Royal Trust

a

-

Subscribers will confer
--

--

BOSTON—

PHILADELPHIA—

AB —American Trust
BB —Boston Safe Dep A Tr
IB —International Trust
NB —New England Trust
OB —Old Colony Trust
SB —State Trust
ST LOUIS—

FP —Fidelity Trust
GP —Girard Trust
GuP—Guaranty Tr A S Dep
PI P —Provident Life A Tr

PeP —Penn Co for Insur

on

Lives A Gr Ann
WP —West End Tr A S D

MSt—Mississippi Valley Tr

SSt —St Louis Union Trust
PITTSBURGH—
SAN FRANCISCO—
CPi —Colonial Trust Co.
CS —California Safe Deposit FPi —Fidelity Title A Trust
A Trust
PPi —Pittsburgh Trust
UP1 —Union Trust

favor by giving immediate notice of any error discovered in these
tables.
•
♦
-

-

—

-

,

(For

RAILROAD COMPANIES
abbreviations, Ac., see notes on first

Miles
Road

page]

Adirondack Ry—See Delaware A Hudson Co.
Akron & Barberton Belt—1st M s f (text) g-Usm.c’Ar
Alabama Great Southern—Ordinary stock
Prof stock 6% $4.660,000
First M g ext In 1908 (V 85 p 1645, 1460)
F.c
General mtge £1,160,000—
-Ce.c
Car trust $50,000 due seml-ann gold
N
Do
$74,000 due s a gold (V 82, p 867)
Do
Series E, due $50,000 s.-a. (V.88,p.l559)
Alabama Midland—See Atlantic Coast Line RR
Ala N O Tex & Pac Jet—Preferred “A” stock 6% cum.

—

Date
Bonds

Par
Value

1902

$1,000
50
50

'

-

-

Deferred “B” stock
“A” debenture redeemable after 1910 at 115
c
“B” debentures Income redeem after 1910 at 115-_c
“C” debentures Income subj to call any time at 100

Alabama Tennessee & Northern—1st M gold (text).K
Alabama & Vicksburg—Stock (see text)
Vicksburg A Meridian 1st M gold $1,000,000_F.xc*
Alabama A Vicksburg con 1st M $1,800,009 g__Ce.c
2d M orlg $700 000 g (1st M on 8,697 acres).Ce.c
Albany & Northern—1st M gold ($50,000 are pref)..c
Albany & Susq—Stock dividends guar by D AH (end)
1st M $10,900,000 g gu p A I conv (text). Usm.c*Ar
Albany & Vermont—Stock 3% guaranteed by rental.
Alberta & Gt Wat—1st M deb $7,400,000 g gu text..
Algoma C & H Bay—1st M g gu red 105 text.Usm.c*
Allegheny & Western—Stock ($3,500.000)
First M $2,500,000 gold guar p A 1 (end)
G.c*

.

....

290
...

...

.

...

...

29
143
143
143
143
35

.

.

1878
1888
1905
1906
1909

1,000
£100
1,000
1,000
1,000
£10
£10
Ac
Ac
Ac
1,000
100

—

1890
1890
1890
1906
1881
1889
1889
1896

£50
£20
£20

1,000
100
100

Ac
Ac

1,000
100

142
12

Allentown Terminal—1st M guar p A I (end) g.Ce.kc*
a

.

...

Allegheny Valley—See Pennsylvania RR.

AKRON & BARBERTON BELT RR.—Owns

.

...

.

1906
:

1,000 Ac
100

.

1909
:1910
66
66

1.000
£100
100

1898

1,000

3

1889

1,000

belt line around Barber¬

ton, O., and also extends to Falrlawn and Akron, O.; total, 40.2 miles.
A
consolidation In May 1902; V. 74, p 1088.
Stock, $100,000, owned equally
by the Cleveland Akron A Columbus, Balt. A Ohio, Rrle RR. and Northern
Ohio Ry. Bonds auth., $1,500,000; Issued, $1,100,000; $91,000 redeemed
by sinking fund; $400,000 reserved for future requirements. Drawn at 105
yearly for sinking fund of $11,550 per annum.—(V. 78, p. 2598.)

ALABAMA GREAT SOUTHERN RR.—(See Map Southern Ry. )—Owns
Wauhatchle, Tenn.. to Meridian, Miss., 291 miles; leases Wauhatchle to
Chattanooga, 5 miles, and Belt. Ry. of Chattanooga, 49 miles; owns half
Interest In Woodstock A Blocton Ry., 8 miles; trackage to Gadsden, Ala.,
8 miles; total operated, 358 miles.
ORGANIZATION.—Controlled by Southern Ry., but operated Inde¬
pendently. V. 81, p. 1722; V. 82, p. 159. Owns $833,300 stock of South¬
western Construction Co .received in exchange for $833,300 Cincinnati New
Orleans A Texas Pacific stock.

DIVIDENDS—
Common stock
Pref. stock

’01. ’02. ’03. ’04.

’05 to ?08.
1909.
1910.
0
June. 2 June, 2
6 yearly
6
6
BONDS.—Gen. mtge. 6s, £484,000, will retire first 6s and debentures.
The funded arrears of pref. dividends were In Feb. 1906 exchanged for an
equivalent amount ($399,464) of 4% obligations payable by sinking fund
10% semi-annually till all are redeemed Feb. 1 1911 and unconditionally
0
9

0
9

0
10

0
9

guaranteed by the Southern Ry. (V. 81, p. 1722; V. 82, p. 159).
also $15,000 equip, trusts maturing Aug. 25 1910.

There

are

LATEST

EARNINGS.—J1909-10
Gross, $3,850,055; net, $1,216,296
July 1 to May 31.\1908-09
Gross, 3,266,910; net? 1,000,474
ANNUAL REPORT.—Report for year ending June 30 1909, In V. 89.
d. 1276, showed: Gross, $3,560,292; net, including outside operations.
$932,199; other income, $147,462; deductions, $529,406; balance for stock.
$550,253; pref. dlvs (6%), $202,821; com. dlv. (2%), paid June 1909.
calls for $156,600; bal., sur., $190,833.—(V. 89, p. 12T«.)
11 mo8.,

ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAIL¬
WAYS (Ltd.).—An English co. controlling Ala. A Vicksburg, 143 miles;

Vicks. Shreveport A Pac., 189 m.; New Orleans A Nor. East., 196 miles.

DIVIDEND.—Pref. “A”, 3 X% Mch. 10 1908; 2)4% Mch. 1910; overdue

about 159 )4%.

SECURITIES OWNED.—Alabama A Vicksburg $30 000 1st mtge,
$352,400 2d mtge., $141,100 consol, mortgage and $581,500 stock; Vicks¬
burg Shreveport A Pacific, $1,613,000 gen. mtge., $2,080,100 pref. and
$2,773,500 com. stock; New Orleans A North Eastern, $5,195,000 gen.
mtge., $1,500,000 Incomes and $5,320,000 stock; Southwestern Construc¬
tion Co.. $448,700 stock; Railroad Lands Co.. $108 850 (of $120 000) stock.
COUPON PAID—For:
’94. ’95. ’96. ’97. *98. *99. ’00. '01. ’02 to’09.
“A” Debenture
%55555555
5% yearly
“B”
do
% .875 1
2H 2K 4H 5
5
5
5% yearly
«’C”
do
%
1 H
2H 5% yearly
EARNINGS.—In cal. year 1909, net from Investments was $178,995;
paid general expenses (£4,479), Income tax (£11,029), Interest on “A” de¬
bentures (£35,414), on “B” debentures 5% paid in Jan. 1910 (£49,580), on
“C” debentures, 5% paid Dec. 1 1909 (£38,253); sink, fund to extinguish
debenture discount, £6,500; brought in from 1908, £6,546; dlv. pref. “A”
(2)4%), £35,391; balance, surplus, £4,895.—(V. 90, p. 558.)
ALABAMA TENNESSEE & NORTHERN RR.—Owns Reform, Ala. on
Mob. A Ohio, to Ivy. 48 m., completed Jan. 1910. Stk. auth., $19,000 p. m.




--

Amount

Rate

When

Outstanding

%

Payable

4 g
J
A D
$1,009,000
7,830,000 See text. See text
A A
3,380,350 6 In 1910 F
1,750,000 5 (6) g
J
A
J
5 g
J
A
£810,000
D
$450,000
4§ g F A A
888,000
MAN
4H
4 M
J
A
900,000
J

£1,500,000 See
£2.500,000
£748.850
£1.048,390
£810,653
$447,000

5 g
5 g
5 g

See text

7 In 1909
6 g
5 g
5 g
5 p
12.45
3.500,000
See text
3)4 g
3
600,000
See text
5 g
5 g
3,750,000
6 g
3,200,000
4 g
2,000,000

1,000.000
588,800
447,400
400,000

450.000

March

text.

4

or

Yearly
A
A
A
A

Dec 1 1927
Glyn, Mills,C A
To Feb 1915
Blair A Co
Y
To May 1 1916 New York
Jan ’li-July 19

Nov
Nov
Nov
Oct

1
1
1
1

1910 4U
1910-40
1940
1956

J<

Glyn, Mills C A Co, Lond
do

do

See text

Knickerbocker Tr Co.NY
Sept 3 1909 7% Central Trust Co, N Y
O Apr 1 1921
do
do
O Apr 1 1921
do
do

A

A

O'

2)4% London

O Apr 1 1921
J Jan 1 1946
J July 1 ’10 4)4%
A
O Apr 1 1946
MAN May 15 1910 1)4
J
A
J Jan
1 1959
J
A
D June 1 1960
J
A
J July 1 1910
A
A
O Oct 1 1998

J

Places Where Interest and
Dividends are Payable

June 1 1942
U S Mtge A Tr Go, N Y
June 27 ’10 2%
do
Aug 29'10 3%
Dec 1 1927
Farm L A Tr, N Y;

Mch ’10,

M
A N
MAN
A
A
O
A
A
O
A
A
A
J
J
A

Last Dividend
and Maturity

J July 1 1919

«

do

do

Hambleton A Co, Balt
Del A Hudson Co, N Y
do
do
Troy, N ST
See text
N Y, Montreal A London
A Iselln A Co, 1 ow York

do

do

New York and Phila

Of the bonds ($1,500,000 author. Issue), $232,000 were Issued
against
the first 29 miles, $30,000 have been Issued for a steel
bridge over the
Tomblgbee River, $10,000 are issuable for a steel bridge over the Noxubee
River, $962,000 were issuable at the rate of $8,000 per mile for additional

mileage (of which $185,000 outstanding), but only when the net earnings on
completed mileage for the previous fiscal year are equivalent to lnt. on bonds
to be Issued in addition to bonds outstanding, and $260,000 for
equipment
on the basis of 10-llths of cost of
equipment; V. 83, p. 1036. For year*end¬
ing June 30 1909, gross, $61,715, against $45,664 in 1907-08; net, $33,095
against $22,687.
For 11 mos. ending May 31 1910, gross, $79,339, against
$57,668 In 1908-09; net, $44,628, against $31,231.—(V. 83, p. 1036.)
ALABAMA & VICKSBURG RY—Owns Vicksburg to Meridian, Miss.,
and branch, 143 miles, all steel rails.
Controlled by Alabama New Orleans

Texas A Pacific Junction Co., which see.
STOCK.—The stockholders voted June 10 1910 to Increase the authorized
stock (from $1,050,000, all outstanding).
DIVIDENDS —1890 to 1892, 3% y’ly; 1896, 3%: 1897 to 1899, 5%, 1900
to 1902, 6% y’ly; 1903, 9%; 1904 to ’09, 7% y’ly. Stock dlv. 50% In 1900.
BONDS.—$1,000,000 oonsols are held to retire Vicks. A Meridian firsts.
EARNINGS.—11 mos., (1909-10
Gross, $1,534,616; net, $488,876
July 1 to May 31.
\l908-09
Gross, 1,421,600; net. 323.923
REPORT.—Fiscal year ends June 30.
Report, V. 89, p. 1594.
Years—
Gross.
Net Inc.
*Int.,Ac. Bal.,sur.
Dividend.
1908-09
$1,526,357 $359,428
$169,761
$189,667
(7)$73,500
1907-08
1,511,715
352,259
231,105
(7) 73,500
121,154
’Includes $49,430 for additions and betterments in 1908-09 and $109,447
in 1907-08.—(V. 87, p. 1295; V. 89, p. 1222, 1594; V. 90, p. 1361.)

ALASKA NORTHERN RAILWAY.—Projected from Seward on south
Fairbanks, on Tanana River, 450 miles. Of
this, 70 miles from Seward north were in operation Sept. 1 1907, and 42 miles
partly constructed. V. 82, p. 1495. A 30-mlle branch to the Manatuska
coal fields is proposed.
Also a division 300 miles long to the Idatarod gold
fields.
Annual report was in V. 87, p. 281.
Successor to Alaska Central
Ry., foreclosed Oct. 11 1909. V. 89, p. 1140. 1222. Stock authorized,
$30,000,000. Pres., Oscar G. Laberee, Spokane, Wash.—(V. 89, p. 1222.)
ALBANY & NORTHERN RY.—See page 164.
ALBANY & SUSQUEHANNA RR.—(See Map Delaware A Hudson.)—
ROAD.—Owns Albany to Binghamton, N. Y., 142 miles.
LEASED for term of charter, viz., 150 years from April 191851, to Del. A
Hudson Co.; rental was 9% per annum on stock (see guaranty, V. 56, p.
774), but the courts having held that the stock is entitled to the benefit of
refunding effected in 1906, $120,750 additional rental will be paid in Jan.
yearly, beginning 1910, making 3.45% available for extra dividends on
the stock.
A special dividend of 30% ($1,050,000) was paid Nov. 16 1909
from the proceeds of the judgment for back rentals due by reason of re¬
funding. V. 89, p. 1141, 1666; V. 90, p. 913.
BONDS.—The $10,000,000 3 )4s Issued to refund the $10,000,000 6s and
7s April 1 1906 were In June 1905 offered at par pro rata to stockholders of
the D. A H.
The bonds are guar. p. A 1., and until April 1 1916 converti¬
ble Into D. A H. stock—$500 stock for $1,000 bonds.
Of the bonds, $3,555,000 had been converted to July 1910.
V. 80, p. 1174. 1362, 2343.
Form of guaranty, V. 82, p. 989.
Pres., Geo. P. Butler: Sec. and Treas., W.L. M. Phe61ps.
New directors
(Oct. 1909), V. 89, p. 1068.—(V. 89, p. 1666; V. 90. p.913.)
ALBANY & VERMONT RR.—Owns road from Albany to Waterford Jet.,
N. Y., 12 miles.
Leased to Rensselaer A Saratoga In 1860 and now oper¬
ated by Delaware A Hudson Co.
Annual rental, $20,000.
coast of Alaska north to near

8

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

first page]

Miles
Road

1905
1908
1895
1909
1906
1894
1907
1907

Par
Value

$1,000
500

1,000
1,000
Ac
1,000
1,000
1,000

500

50

_

1900
1896

1,000

1898

1,000

,

Alton Jacksonville & Peoria Ry—1st M $800,000 gold
Amador Central—1st M gold (2% s f begins 1913)
13
Ann Arbor—First mtge $7,000,000 gold
292
Mo.xc*
Equip bonds, ser A gold due $33,000 seml-ann__Ba
Argentine Central—1st M red 1912 at 106
Arizona Eastern—Gila Vail G1 8s N 1st M g gu
125
Mp
Arkansas Louisiana & Gulf—1st M $6,000,000 gold-.
143
Arkansas Okla & West—1st M *1 250.000 tr (text) Usm
Asheville & Spartanburg—See Southern Ry., Carolina DIv.
Ashland Coal & Iron—Stock
First refunding mortgage $400,000 gold
22
,-N
Astoria & Columbia—First, mtge $8,000,000__
81
Ce
Atchison & Eastern Bridge—1st Mgs feed at par.-Ce
Atch Top & Santa Fe Ry—Stock, com $250,000.000..
Stock pref $131,486,000 5% non-cum
142
Chicago 8b St Louis 1st M ($10,000 p m) cur
F.c
440
Chicago Santa Fe 8b California 1st M gold. BB.c* Ar
General mortgage gold (see text)
-Un.c*Ar 8.339
Adi Inc M cumulative since July 1 1900
g-Ce.c* Ar 8,339
do Interest stamped payable M 8sN
do
8,339
Eastern Oklahoma DIv 1st M $9,603,000 g_.G.c*Ar
480
Transcont’l SLlstM $30,000,000 g redl 10 Moxc*r Ar*
694
Deb gold Ser I to L $2,500,000 each: call 105.G.c8sr
Bonds $50,000,000 conv com stk red (text)_G,c*Ar

Date
Bonds

_

Bonds $26,056,000 conv com stk red (text)_S.xc*Ar
Bonds $28,258,000 g conv com stk red (tex). Gxc* 8sr
Bds $43,686,000 g conv com stk red(text)Gxc*Ar*
Hutchinson 8b So 1st M g red 105 since 1908- -OB.c*
San Fr 8b San Jo Val 1st M g call 110 aft 1915.-Me.c
Santa Fe Pres 8s Phoenix—1st M $5,000,000 g.Mec*
Gulf Beaumont 8b Kansas City 1st M gold
do
do
2d M ($138,500 are 6s)
Prescott 8b Eastern first mtge p 8b 1 guar
Ce
Atlanta BIrm'& At!—Atl 8b B Ry 1st li red 110-OB.c*
Receiver’s certificates, redeemable par
Atl Birin 8b Atl 1st M $30,000,000 g red 106.-OB.c*
Joint coll tr notes gold extended 1910 red par.Ta.c*
Equip bonds due $60,000 s-a
Ta
Equip bonds Ser B (V 85 p 39) due $86,000 s-a._G
Georgia Terminal Co 1st M $4 000,000 g gu p 8b i.OB
Alabama Term’l RR IstM $4,000,000 g gu p 8b i.OB

^

m m

—

141
372
198

26 H
337
—

—

^

_

_

_

_

_

-r--

_

—

100
100

_____

_

_

_

_

1885
1887
1895
1895
1895
1903
1908
1902
1905
1907
1909
1910
1898
1896
1892
1893
1893
1898
1904
1909
1906
1906
1906
1907
1907
1907

1,000
1,000 Ac
500
500
500

Ac
Ac
Ac
Ac
Ac
1,000 Ac
1,000 Ac
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 Ac
1,000
1,000

ALBERTA & GREAT WATERWAYS RY.—To extend tram Edmonton,
Alberta, Canada, northeasterly to a point at or near Ft. MacMurray and
from a point near the western end of Lac la Biche to the eastern end thereof,
about 350 miles.
First M. debenture 5s, guar., p. A i., by Province
of Alberta, are Issuable at $20,000 per mile, an&$400,000 for Edmonton ter¬
minals; Standard Trust Co. of Winnipeg, trustee. Redeemable, all or any,
beginning Jan.l 1919 at 112H. InNov.1909 $7,400,000were sold In Lon¬
don. The July 1910 coupons were purchased by bankers owing to delay In
delivery of bonds—see below. V. 89, p. 1346; V. 90, p. 558; V. 91, p. 153.
Gen. Mgr., E. A. James, Edmonton, Alberta. W. R. & D. O. Clark, bank¬
ers, Kansas City, have promoted the enterprise. Construction, It Is under¬
stood, Is In abeyance pending Investigation as to circumstances leading to
guaranty, latter being In any event presumed to be legal.—(V.91 ,p.213,153)
ALGOMA CENTRAL A HUDSON BAY RY.—Owns from Sault Ste. Ma¬
rie, Ont., to Panglssln, 70 miles; branch to Helen Mine, 12 m. Being ex¬
tended to a connection with the Can. Pac. Ry. (then to extend from Sault
Ste. Marie to near Hebron, Ont., 203 m., with branches, 22 m.; total,
225 miles. Cash subsidy, $6,400 per mile. Land grant, about 1,655,000
acres. Stock, common, $5,000,000, all owned by Lake Superior Corp., which
guarantees the 5% bonds (see table above), to be Issued at $30,000 per mile,
and holds $1,125,000 ofthe$5,000,0005% non-cumulatlvepref. stock for the
benefit of the road.
In June 1910 £770,000 bonds were offered In London.
V. 91, p. 93.
President, T. J. Drummond, Montreal, Que.; Sec. and Treas.,
Thomas Gibson, Toronto, Ont.—(V. 91, p. 93.)

ALLEGHENY & WESTERN RY.—(See Map Buff. Roch. A Pitts.)—
Punxsutawney to Butler, Pa., 60 miles; branch, New Castle, Pa., to Cement
Works, 6 m.; total.66 miles. An extension of Buffalo Rochester A Pitts¬
burgh, to which leased In perpetuity for guaranty of bonds and 6 % on stock.
Uses Ralt. A Ohio from Butler to New Castle and Pittsburgh under a track¬
age arrangement, making In all 147 m.
See V. 70, p. 849.—(V. 82, p. 691.)
t.
ALLEGHENYjVALLEY RY.—Merged Apr. 71910 Into Pennsylvania RR.
ALLENTOWN RR.—Topton to Kutztown, Pa., 4H m.; Reading system.
STOCK.—$1,268,884 (par $50), Including $1,071,400 pledged under
Reading Co. general mortgage. No bonds.
ALLENTOWN TERMINAL RR.—Owns 3M miles of railroad In Allen¬
town, Pa., connecting the East Penn. (Phlla. A Reading) with the Cent, of
N. J.
Leased for 999 years to Phlla. A Read, and Cent, of N. J. (by assign¬
ment from Lehigh Coal & Navigation Co.) at Interest on bonds and 5 % on
$450,000 stock (par $50), bonds being guaranteed, principal and Interest,
by Phil. A Read. RR. Co. (foreclosed) and Lehigh Coal A Navigation.
ALTON JACKSONVILLE & PEORIA RY.—Projected from Alton to
Jacksonville. Ill.. 65 miles, of which Alton to Godfrey,6m..completed In
April 1908, and balance partly constructed. Stock auth., $800,000; out¬
standing. $300,000; par $100.
Bonds ($800,000 auth. Issue), Mercantile
Trust Co., St. Louts, trustee.
See table above.
Pres., Aaron O. Auten.
Jerseyvllle, Ill.; Treas., A. W. Cross; Sec.. June M. Rhoads, Jerseyvllle, Ill.
AMADOR CENTRAL RR.—lone to Martell, Cal., 13 miles. Successor
to lone A Eastern, sold In foreclosure Aug. 22 1908.
Stock, $400,000;
par, $100.
Union Trust Co., San Francisco, Is mortgage trustee. V. 88,
p. 156. Pres., Charles Erickson, Martell, Cal.—(V. 88, p.156.)
ANN ARBOR RR.— (See Map Detroit Toi. A I ronton.)—Owns road from
Toledo, O.. to Frankfort, on Lake Michigan, 292 miles; trackage, Toledo to
Alexis. 9 m.; operates car ferries between Frankfort, Mich., Kewaunee and
Manitowoc. Wls., and Menominee and Manlsttque, Mich.
Wabash uses
Toledo terminals.
Mantstlque A Lake Superior, Manlstlque. Mich., to Shlngleton. 40 miles,
with branch to McNeils, 13 m., Is owned by friendly Interests. V. 89,
p. 468.
•STOCK.—Common. $3,250.U00; preferred, $4,000,000; 5% non-cumulatlve; par $100.
Pref. stock cert. ‘Supplement” Oct. 30 1897, p 3.
In 1906 Det. Tol. & Ironton (which see) had acquired $3,102,400
pref.
and $2,190,000 com. stk. V. 89, p. 528; V. 90, p. 446.
EARNINGS.—11 mos., f 1909-10
Gross, $1,713,232; net, $532,294
July 1 to May 31.
\1908-09_
Gross,
1,564,774; net, 443,918
ANNUAL REPORT for 1908-09 was In V. 89, p. 1218.
Year ending June 30—
1908-09.
1907-08.
Inc. or Dec
Gross earnings
$1,708,481
$1,882,782 —$174,301
Net after taxes.
$390,450
$370,760
+$19,690
Net Income.
$491,938
$468,880
+$23,058
Deduct—Interest, hire of equip., &c_
469,694
408,483
+61,211
Betterments
4,153
5,012
—859
_

Balance, surplus
$18,091
$55,385
—$37,294
New directors, Mch. 1910, V. 90, p. 976. Pres., Joseph
Ramsay Jr.; Sec.,
H. B. Blanchard.—(V. 89, p. 1068, 1218; V. 90, p. 446, 770, 976, 1101.)
ARGENTINE CENTRAL RY. —See page 164.

ARIZONA EASTERN RR.—Owns Maricopa to Phoenix, Arlz., about 35
miles; Bowie to Globe, 125 miles; Cochise to Pearce, about 35 m.; Tempe to
Mese, 8 m.; total, 203 miles.
A consolidation Feb. 1 1910 of lines in
Arizona controlled by the Southern Pacific Co., including Gila Valley Globe

& Northern, &c.
V. 90, p. 446.
In June 1910 contract was let for ex¬
tension from Phoenix westerly 40 miles.
Stock auth., $40,000,000, of
which $5,321,400 Issued to take over existing properties.
No new bonds
authorized to June 1910.—(V. 90, p. 446.)

ARKANSAS LOUISIANA & GULF RY.—Monroe to Hamburg, La., and
Crossett, Ark., 61miles, was operated Sept. 1909. Extension from Pine
Bluff to De Vails Bluffs Is proposed. Stock auth., $3,000,000; out Sept. 1909

$1,240,000.
Bonds ($6,000,000 auth. Issue), Colorado Title A Trust Co
of Colorado Springs, Col., trustee; $2,860,000 were subscribed for on ac¬
count of 143 miles under construction.
V. 86, p. 106.
Pres., Alfred
Cowles, Chicago; V.-P. and Treas., Wm. A. Otis; Sec. and Asst. Treas..
C. E. Titus, Colorado Springs, Col.—(V. 86, p. 106.)

ARKANSAS MIDLAND RR.—See St. Louis Iron Mtn. A Southern.
ARKANSAS OKLAHOMA & WESTERN RR—To extend from Eureka
Springs, Ark., at a connection with the Missouri 8s North Arkansas, wes¬




Ac
Ac
Ac

[VOL. LXXXXl

Amount

Rate

When

Outstanding

%

Payable

$200,000
300.000

6 g

7,000.000
327.000
200,000
1,504,000
See text

4 g

M
M

5 g
6

5g
6 g
6 g

774,500 4 In 1909
A g
300,000
4 g
3,280,000
4 g
518.000
165,563,000 See text.
114,173,730 5 in 1910
6 cur
1,500,000
560,000
5 g
A g
150.634,500

20,769,000

A
A
A
A
A
A
8
A
A
8
8
8
6

30,577,000
9,603,000

17,000,000
10,000,000
18.911,000
15,523 000
See text
See text
192,000
6,000,000
4,940,000
613,000
284,500
224,000

4,090,000
3,250,000
14,443,000
6.239,200
666,000
1,290.000
3,000,000

2.445,000

g
g
g
g
g
g
g
g
g
g
g
g
g

5 A6g
5
5 g
5
5 g
5 g
5
5
8 g
8 g

Places Where Interest and
Dividends are Payable

S Mch 1 1937
N Nov 2 1938

New York A St Louis
Union Tr Co, San Fran
Q—J
July 1 1995
Metropolitan Tr Co. N Y
M
A
N To Nov 1 1919 Bankers’ Tr Co, N Y
J
A
J Jan 1 1926
4th Nat Bk. N Y A Denv
M A N Nov 1 1924
So Pac Co 120 Bway N Y
J
A
J July 1 1957
N Y Mort Tr A Col Sprg
J
A
J Jan 1 1947
U S Mtge A Tr Co, N Y

5g

See text

A
A

Last Dividend
and Maturity

Q—M
M
F
J

A
A
A

M
J
A

A
A
A
Nov
A
A
A
A
A
A

June
N May
A Aug
J July

25 1910 1% Check from Co’s office

New York Trust Co, N Y
1 1025
7 1996
Central
Trust Co, N Y
1 1928
Q—M
Sept 1 *10 1H% Checks mailed from N Y
F
A A Aug 11910 2 H
do
do

M
M
J
F
J
J
J
A
J
A
J
A
A
A
M
A
F
A
F
A
A
A
J
A
J
A
J
A
M
A
M. A
j
A
j
A
A
j

S June 1 1915
J Jan 1 1937
O Oct 1 1995
July 1 1995
N July 1 1995
S Mch 1 1928
J July 1 1958
A Feb 1 1911 1014
D Junel1955
D June 11917
D June 11955
D June 1 1960
J Jan 1 1928
O Oct 1 1940
S Sep 1 1942
A Aug 1 1913
A Aug 1 1913
O Apr 11928
J Jan 1 1934
J July 1 1911
J Jan 1 1936
N May 1 1912
N Nov ’lO-Nov’16
J Jan *11 July ’17
J Jan 10 1027
J Jan
1 1927

8 Nassau Street, N Y
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

Mercantile Trust Co, NY
Central Trust Co, N Y
Old Colony Trust Co.Boa.
Farmers’ L A Tr Co, N Y
Jan 1909 coupon not paid

May 1910 coupon
July 1910 coupon

Jan 1909 coupon not
Jan 1909 coupon not

paid
paid

paid
paid

terly to Pryor Creek. Okla., 125 miles, of which Ro<r**rs to SUonm Springs,
Ark., 30 miles. In operation, with branch from Colville to Monte Ne, 7 m.:
also under construction from Rogers, Ark., to Huntsville, 35 m., in

April

1910. Stock auth., $3,000,000; outstanding Feb. 1909,
$720,000; par, $100.
Bonds are limited to $1,250,000 at $10,000 per mile. V. 86, p. 107.
Pres.,
W. R. Felker.
Office, Rogers. Ark —(V. 90, p. 235.)

ASTORIA & COLUMBIA RIVER RR.—Goble to Seaside, Ore., 78 m.;
branch,Warrenton to New Astoria. 2 m.; trackage, Goble to Portland, 40 m.;
total. 121 miles.
Stock. $1,619,000; par $100.
In 1907 acquired by Great
Northern and Northern Pacific. V. 84, p. 867.
Year ending June 30 1907,
gross, $617,105; net. $253,175; other income. $4,985; charges.
$188,548;
balance, surplus. $69,612.
Pres.. George B. French.—(V. 85. o. 1645J
ATCHISON & EASTERN BRIDGE,—Owns railroad and wagon bridge
Kan., connecting with the union station.
Used by the Aten.
Top. & Santa Fe. the Chic. R. I. & P.. the Mo. Pac. and the Ohio. Burl. A
Quincy.
A reorganization of the Chic. 8b Atch. Bridge Co. foreclosed Mch. 4
1898, per plan V. 65. p. 366.
Stock, $700,000; par. $100 per share. Pres,
and Treas.. H. P. Eells, Cleveland, O.—(V. 67, p^ 578.)
at Atchison,

(THE) ATCHISON TOPEKA & SANTA FE RY.—OSes Map.)—The sys¬
tem operated July 11909 comprised 9,887.36 miles of railroad and embraced
an unbroken line of track from Chicago, Ill.
via Kansas City, Mo., and Al¬

buquerque, N. M.. to the Pacific Ocean; also to Galveston, Tex., and the
For operating purposes the 9.887 m. are divided as follows:

Gulf of Mexico.

Miles.
Miles.
Atchison Topeka 8b S. F
7,438.30 Pecos River RR
54.27*
Rio Grande 8s El Paso
20.17 Santa Fe Pres. 8b Phoenix..
257.40
Gulf Colorado 8b Santa Fe..1,518.18 Southern Kan. Ry. of Texas 125.07
Eastern Ry. of New Mexico.
227.29 Texas 8b Gulf Ry
94.86
Pecos 8b Nor. Texas Ry
151.82
This Is exclusive of 6.84 miles of new lines completed on last-named date.
Also controls through ownership of securities, or owns jointly with other
roads, 734.06 miles.
Cut-off Texlco, N. M., to Brown wood, Tex., 300 miles, with branches,
total about 500 miles, under construction.
V. 89, p. 223.
In 1900 acquired control of Gulf Beaumont 8s Kansas City and Gulf Beau¬
mont 8b Great Northern, which are leased.
V. 76, p. 751; V. 77, p. 1224..
Leases Cane Belt RR., 105 miles (entire stock owned). V. 85, p. 598.

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 Atch. Top. 8s S. Fe RR. Co.
V. 60, p. 608.
The railway company In July 1909 owned In fee 6,693.14 miles of 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 successiveannual reports.
See V. 69, p. 1300: V. 71, p.27.
San Francisco 8b San Joaquin Valley Ry. was merged June 1901.
Has a joint Interest with the Southern Pacific In the Northwestern Pacific..
STOCK.—The pref. stock has preference as to assets and non-cumulative
dividends not exceeding 5 % per aim., as declared by the board of directors
out of net profits.
No other mtge. and no Increase In the pref. stock can be
made without consent of majority of all pref. outstanding and of all com.
stock represented at a meeting.
The total auth. amount of pref. Is $131,
486,000, of which $10,800,000 reserved to acquire other lines; also $6,486.470 In special trust for Improvements, extensions, 8bc.
Pref. stock certs. In.

“Supplement” of April 1897,

p.

3.

Stockholders voted Jan. 30 1907 to Increase the auth. com. stock from
$152,000,000 to $250,000,000 and also not exceeding $98,000,000 bonds, to
be convertible Into com. stock.
V. 88, p. 1001.
See BONDS below.

DIVIDEND—
On common (%)
On preferred (%)

’99. ’00. ’01. ’02-’05.
0
0
3H 4 yearly

’06. ’07. ’08. *09.
1910.
4
6
5
5H ToSep,4 H2>£ 4
5
5
5
5
5 yearly 5
5
In 1910, on common, March, 1M%; June, 1 H%‘ Sept., 1 M%.
BONDS.—The Gen. Mort. (Abstract V. 62, p. 731-739; see also V. 68,
p. 974; V. 86, d. 1098) gives a Hen, either by direct mortgage or by collateral
trust, on 8,338.44 m. of the system, together with all the equipment and
terminals owned by the company, and future acquisitions.
General Mortgage 4s—Amounts Reserved.
In 1895.
In 1909.
a To retire guar, fund notes paid and car trusts -.$15,500,000 $2,339,383

Non-assenting bonds from reorganization of 18891,500,000
504,960
Chicago 8b St. Louis 1st mtge. 6s
1.500,000
1,500,009
For Improvements, terminals, second track, Ac— 30,000,000
1,852,102'
For acquisition of Atlantic 8b Pacific and other lines. 20,000.000
6,731.554The Adjustment Mortgage (Abstract, V. 62, p. 739) Is to the Central Trust
Co. as trustee.
Interest Is payable only out of net earnings up to 4 % In each
year, cumulative since July 1 1900.
Present Issue Is limited to $51,728,000,
but when the $30,000,000 general 4s authorized for Improvements as above
have been Issued, $20,000,000 additional adjustment 4s may be Issued for
the same purpose at not exceeding $2,000,000 In any one year, but only by
a majority vote of the adjustment bondholders,
interest—In Nov. 1897
paid 3 %; since, full 4 % yearly
Eastern Oklahoma division 4s of 1903.
V. 76, p 434; V. 79, p. 1331;
V 84. p 1549; V. 1 V n. 598. V. 86. P. 980. 1041.
The Transcontinental Short Line’* first gold 4s of 1908 are limited
to
$30,000,000 authorized Issue.
The $17,000,000 sold In July 1906
cover 694.46 miles In operation, comprising the line from Amarillo, Tex.,
to Pecos, Tex., 376.06 miles. Clovis, N. M., to Rio Puerco, 257.52 miles,
(completed in 1908); the Pecos Valley 8b Northeastern, Cameo, N. M., to
State Line, 208 m., and branches aggregating 60.88 m.
The remaining
$13,000,000 can be Issued at $25,000 per mile.
V. 87, p. 479, 878.
The $30,000,000 debenture 4s of 1902 are paid off $2,500,000 yearly.
See V. 74, p. 150, 204; V. 75, p. 680.
The debentures, being paid fromtreasury cash, are not lncl. In Income account. V. 77, p. 2338.
The 4s of 1905 ($50,000,000 auth. Issue) are convertible Into com. stock
at par between June 1 1906 and June 1 1918.
V. 79, p. 2695; V. 80, p. 649;
V. 81, p. 1174; V. 82, p. 391, 867.
The $26,056,000 Issued In 1907 are con¬
com.
vertible Into
stock at par to June 1 1913.
V. 84, p. 1051, 1112; V. 85,
p. 97, 283, 529.

b
c

BONDS.

RSAATILONWCDKY

190.1

July,




10

RAILROAD COMPANIES
see notes on first page]

Date
Bonds

Miles
Road

[For abbreviations, Ac.,

Atlantic Coast Line Co. (Conn.)—Stock 230.000.00U-.
Certs of lndebt Inc non-cum 25.000,000
SBa.r.
o

do
do

red 105 after 20 yrs option text
redeemable at par after 5 years

SBa

-i-

—

Bonds to Be Refunded by Unified
First oonsol M 351,326,000 gold
Certificates of Indebtedness (new)

„

.

...

4s

(text)__F.c* Ar*

Petersburg M class A gold
do
do
class B gold (Petersburg to Weldon)

Second m ortgage gold.
i
7 1st M g
Sav Fla A W

-

1,000

1897
1900
1905

100

1,000
1 000

1,000

—

TT

—

—

_

_

_

40
90

3,947
102
696
68
68
22
27
479
90
110
110
547
111
169

.

.

100
100
100

100
Ac

Ac
Ac

1902
1902
1883
1898
1881
1881
1875
1890
1885
1897
1889
1896
1884
1886
1888

1,000 Ac

100 Ac
1,000

1,000
1,000
Ac

1,000
1,000
1,008
1,000
500 Ac

1,000
1,000
1,000
1,000
1,000
1,000
1,000
Ac

Stockholders were offered In 1909 the right to subscribe for 328,258.000
convertible 4 % bonds at 104, oayable one-fourth each at time of subscrip¬
tion, Feb. 2 to Feb. 4, Aug. 2 to 4 1910 and Feb. 7 to 9 1911; they are con¬
vertible Into common stock at par to June 1 1918.
In Sept. 1909 $25,297,•00 had been paid for In full.
V. 88, p. 1435, 1559.
Stockholders were offered Apr. 1910 right to subscribe for 343,686,000
4% bonds at 102 *, payable 32 *% between June 1 and 3 1910 and
85% each between Dec. 6 and 8 1910 and between June 6 and 8 1911, or
optionally In full at any time; they are convertible Into com. stock at par
on and after June 1 1913, but prior to June 1 1923.
In July 1910 $13,625,000 had been paid for In full. V. 90, p. 913, 1043, 1612.
The several Issues of debentures must be secured by any future mtge.
covering the lines owned at the time the debenture Issue was made, 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.
LATEST EARNINGS.—f 1909-10..Gross, 396,534,165; net, 231.799,715
11 mos., July 1 to May 3141908-09..Gross, 86,163,215; net, 33,533,246
Balance after taxes and rentals for 11 mos. of 1909-10 was 328,357,164,
against 230,838,308 In 1908-09.
REPORT .—Annual meeting fourth Thursday In October.
Report for
year 1909 was given In V. 89, p. 837. 855; see also page 809.
1908-09.
1907-08.
Inc. or Dec.

Average miles operated...
Operating revenues
Operating expenses..
Taxes

9,795
9,415
-394,265,717 390,617.796
357,495,195 360,629,915
3,015,219
3,244,596

+360
+23.647,921
—23.134.720

233.755,303 326,743,285

+37,012,018
+486,401

Operating Income
Other Income

1,158,375

Total Income
Interest on bonds
Hire of equipment, rentals. Ac
Dividends on pref. stock (5%)
Dividends on common stock
Additions and betterments

334.913,678 327,415,259
+37,498,419
313,548,082 312,579,302
+3968,780
1,105,835
1,238,449
—132,614
5,708,690
5,708,690
(5%)5,152,550(5 *)5,662,607
—510,057
9,000,000
340,332
+8.659,668

Balance, surplus
Old Basis—

671,974

—229,377

3398.521
1906-07.

1905-06.

31.885.879
1904-05.

$1,700,000 7 in 1909 M

A

S Mch 5 1910 3* U S Mtge A Tr Co,

425,000
425,000
4 g
1,500,000
2,464,000 6 in 1909
5 g
2,200,000
75,000
4*
3 g
350,000
4 g
1,850.000
17,640,000 See text.
5 cur
5.000.000
67,700
4

A

O Oct

4

A

J
J
M

A D
A
J
A N
A
A
O
A
A
O
A
J
J
—M
Q
A
J
D
A
J
J
A
J
J
A
J
J
A
J
J
M
A
N
M
A
N
J
A
D
M
A
N
F
A
A

4 g
M
51.326,000
4
M
232,900
6 ft
J
657.000
4 g
J
5.547,000
5 g
J
868,000
A
800,000
•
M
340.500
300,000
4* g A
4,000,000 4 g A 5 g J
4 g
F
106,000

It

1,320,000

5 g

5 g
400,000
6,500,000 5g A6g
7 g
1,500,000
4 g
1,407,000

A
J
A
J
J

A

A
A
A
A
A
A

A
A
A
A
A
A
A
A
A

New

1 1938

Atlanta

Standard Trust Co, N Y
June 1 1953
Jan 1 1910 3% Atlanta Ga
Reading Terminal, Phlla
May 1 1919
do
do
Apr 1 1930
do
do
Apr 1 1948
do
do
July 1 1951
Baltimore
JunelO’lO 2*%
Irredeemable

July 1 1910 2 7c
Jan

1 1925

July 11 1910 3
July 11 1910 3
May 10 1910 2 *

Oct 1 1952
Dec 1 1959
Nov 1 1939
Feb 1 1947
50 years
S To Mch 1 1917

S
N
J
J
J
O
N
O
J
A
O
J
O
J
J

York and

N Y

July 1 1952
Irredeemable
Jan 1 1933

In 1909 paid
In 1910 paid
In 1910 paid
Treas Office,
do

do

1 1926

May
Apr
July
Aug
Apr

1 1915
1 1940
1 1935
1 1947
11939

Jan

1 1946

do
do

N Y
United States Tr Co, N Y

Safe Dep A Tr Co,
U S Tr Co, N Y A

Balto
Balto
United States Tr Co, N Y
U S Tr Co, N Y; A Balto
United States Tr Co, N Y
Treas Office. Wllm,

N C

United States Tr Co, N Y
Safe Dep A Trust Co.Balt
Richmond Office
do
do
do
do
Brown Brothers, N Y
First Nat Bk. NY; A Balt
Safe Dep A Trust Co.Balt
Central Trust Co, N Y

Safe Dep A Trust Co,Balt
United States Tr Co, N Y
da
do
do
do

Apr 11934
Jan
Jan

Wilm, N 0

J P Morgan A Co.

July 1 1948
July 1 1926
Oct

5%
4%
4%

1 1936
1 1938

ATLANTA & CHARLOTTE AIR LINE RY.—(See Map Southern Railway
System.)—Owns Charlotte, N. C., to Armour, Ga., 263 miles.
The operating contract of 1881 accepted by the Southern Ry. requires the
payment of Interest on At. A C. debt and 5 % on stock; If gross earnings ex¬
ceed $1,500,000, dividends to be 6 %, and If they exceed $2,500,000, 7 %.
The $5,500,000 bonds extended to Jan. 1 1910 at 4H% were purchased
by the Southern Ry. and placed under its consol, mortgage. V. 89, p. 1595.
DIVIDENDS,
11881 to ’89. 1890. 1891 to Mch.’Ol incl.
Since
Percent—
J 5 yearly.
5*
6 yearly (MAS).
7 yrly.(MAS)
EARNINGS.—For year ending June 30 1909, gross, $4,305,174, against
$4,000,262 in 1907-08; net, $1,832,566. against $1,477,990; lnt. on bonds,
$247,560; dlvs. (7%), $119,000; organization exp., $2,500; bal., sur.,
$1,463,566.
Pres., C. S. Fairchild, N. Y.—(V. 89, p. 1595.)

ATLANTA & ST. ANDREWS BAY RY—Owns from Dothan, Ala., to
Panama

City, Fla., on St. Andrews Bay. Gulf of Mexico, 85 miles; opened

July 15 1908. Stock authorized, $1,000,000; outstanding $300,000; par,
$100.
The first 6s (Central Trust A Banking Corporation of Atlanta, Ga.,
trustee) are subject to call at par beginning Oct. 1 1911.
V. 88, p. 685;
V. 83, p. 270.
For 6 months ending Dec. 31 1908, gross, $51,454; net,
$16,185; Interest on bonds, $12,750; bal., sur., $3,535. 'Pres., A. B.
Steele. Atlanta. Ga.; Sec.. G. H. Purvis. Dothan. Ala.
(V. 88, p. 685.)
ATLANTA TERMINAL CO.—Owns union passenger station opened
May 14 1905. with approaches, used by Southern Ry., Central of Georgia
Ry. and Atlanta A West Point RR.
Stock, $150,000, owned In equal pro¬
portions by the three companies named, which pay all charges and ex¬
penses on car basis. V. 76, p. 593. 1394; V. 77. p. 699; V. 88. p. 1196.
ATLANTA & WEST POINT RR—Atlanta. Ga., to West Point, Ga..
86 miles.
G-eorgla RR. Mch 31 1908 owned $547,200 stock and $388,900
A belt line around Atlanta. 5 * miles. Is operated at rental of
deb. cert.
$16,000 yearly—4% on Its cost. V. 71, P. 963 V. 73. p. 1354.
The stockholders voted on Jan. 20 1910 to Increase the stock from $1.232,000 to $2,500,000, $1,232,000 being offered to stockholders at par to retire
$1,232,000 deb. 6s July 1 1910; V. 89, p. 1595; V. 90, p. 913.
DIVIDENDS begun In 1855 were for many years 8 % per annum.
From
July 1 1884 to July 1901 Inclusive, 6 % yearly, J A J; Oct- 1 1899,25 %extra;
1902 (?); 1903, 6%; 1904 to 1909, 6% yearly; 1910, Jan., 3%.
In 1907-08, gross. $1,151,791; net, $235,386; other income. $44,631;
charges, $160,652; dlvs., $73,932; surp., $45,438.—(V. 90, p. 235, 913.)

1903-04.

9,273
8,434
8,305
8,180
Gross earnings
393,683.407 378.044.347 368.375,837 368,171.200
OFFICERS.—Acting Chairman of Exec. Com., Walker D. Hines; E.
P. Ripley, President; D. L. Gallup, Comp.; C. E. Cooper, Asst. Treas.
Directors.—Charles Steele, Edward J. Berwlnd, Paul Morton, H. Rleman Duval, Thomas P. Fowler, Walker D. Hines, T. De Witt Cuyler, N. Y.;
John G. McCullough, Vermont; B. P. Cheney, Boston; Edward P. Ripley,
Byron L. Smith, Chicago; Andrew C. Jobes, Wichita; Howel Jones. Charles
S. Gleed, Topeka; H. C. Frick, Pittsburgh.
OFFICE.—5 Nassau St., N. Y.—(V. 90, p, 1489, 1612; V. 91, p. 93.)

ATLANTA BIRMINGHAM & ATLANTIC RR.—(See Map.)—Brunswick,
Ga., to Birmingham, Ala., 453 miles; Sessoms to Way cross, Ga., 26 m.;
Fitzgerald to Thomasvllle, Ga., 81 m.; Atlanta to Manchester. 75 m.;
Pyrlton to Ashland, 7 m.; leases Georgia Terminal Co., In Atlanta, 2 m.;
trackage In Atlanta, 2 m.; total, 659 miles.
(V. 84,_p. 1426; V. 80, p. 115.)
The Georgia Terminal Co. and the Alabama Terminal RR., having
31,500,000 and 33,000,000 stock, respectively, all owned by the railroad,
will provide terminals at Atlanta and Birmingham, respectively; they were
leased for 99 years, their bonds being guaranteed, prln. A lnt.: also 5%
on stock; V. 84, p. 1426; V. 85, p. 1204; V. 88,
p. 156, 227.
Brunswick
SS. Co. operates between N. Y. and Brunswick.
V. 87, p. 616.

ATLANTIC CITY RR.—Camden to Atlantic City, 57 m. (double track

branches, Winslow Junction to Cape May. N. J.. 55 m.; Wllllamstown. 23
m.; Gloucester, 12 m.* Sea Isle City, 12 m.; Ocean City, 10 m.; total. 168 m.
V. 72, p. 1278.
STOCK, com., $2,625,000; pref., $1,000,000 (par. $50).
Reading Co. owns over 99% of stock, and guarantees consol 4s, principal
and Interest.
Form of guaranty. V. 75, p. 1398.
Of the latter, $2,650,000
are reserved to retire prior lien bonds.
See V. 73, p. 81. There are also
outstanding $23,500 Sea Coast RR. series A 5s and $2,834 series B 5s.
EARNINGS.—11 mos.,/1909-10
Gross. $1,622,971; net, $323,696
July 1 to May 31.
(1908-09
Gross, 1,438,299; net, 265,431
For year ending June 30 1909, gross, $1,626,055; net, $346,250.
In
1907-08, gross, $1,700,890; net, $269,564.—(V. 82, p. 750.)

RECEIVERSHIP.—On Jan. 2 1909 receivers were appointed, the Jan.
1909 ooupon on the first 5s of 1906 being defaulted.
V. 88, p. 99. 156—see
table above.
The receivers are now President H. M. Atkinson and S. F.
Parrott.
V. 88, p. 821.
See President’s report of Jan. 5 1909, with opin¬
ions of experts, Ac. V. 88, p. 227.
33,250,000 2-year 6% receivers’ cer¬
tificates were sold to replace 19-mile trackage into Birmingham and build
Bessemer branch, Ac. V. 88, p. 1497, 1559: V. 89. p. 40, 102, 223.
The
coupons due May 1909 to May 1910 on the Joint coll, notes were purchased
by private parties: Nov. 1908 coupons were paid by the company. V. 88,
p. 1196: V. 90, p. 1237.
General Committee.—Edwin S. Mars ton (Chairman), Frederick Ayer,
Samuel Carr and John I. Waterbury requested deposits of all securities and
unsecured debt of company and allied properties.
Depositaries, Manhat¬
tan Trust Co., N. Y., and Old Colony Trust Co., Boston.
V. 88, p. 1196;
V. 90, p. 235.
Committee Jor First 5s.—S. H. Fessenden, Philip Stockton and F. H.
Farrar.
City Trust Co. of Boston, depositary. V. 88, p. 99, 157, 684.
Committee for Joint Collateral Notes and First 5s.—Geo. C. Clark, Chair¬
man' Geo. C. Clark Jr., Sec.; Trust Co. of America, N. Y., and American
Trust Co., Boston, depositaries.
V. 88. p. 623. 685, 943.
STOCK.—Par of shares, 3100: Issued: common, 325,000,000;
pre¬
ferred. 310,000,000.
Of these 317,000,000 common and 35.600,000 pre¬
ferred deposited under collateral trust notes.

ATLANTIC

COAST

LINE

CO-—Organised

29
1889 under
capital stock and a

May

the laws of Connecticut, and owns a majority of
large amount of the bonds of the Atlantic Coast Line

RR. below.

STOCK, Ac.—Stockholders voted Jan. 26 1910 to Issue $5,040,000 addi¬
tional stock, which was offered pro rata to stockholders at par, payable
Feb. 28, the proceeds to be used chiefly to purchase, at 97 * and interest,
any of the $5,000,000 4% “B” certificates of Indebtedness offered. AThis
V. 89, p. 1666.
Increased stock outstanding to $17,640,000.
As to the certificates of Indebtedness, see editorial Oct. 1897, Sup¬
plement. p. s; V. 65. p. 564; V. 71, p. 1310. In 1898 $5,000,000 stock was
distributed as a 100% dividend (V 67. p 954), and In 1900 $10,000,000 4 %
certificates of Indebtedness (Including $2,500,000 of Atlantic Coast Line
RR. Co.), as a 100% dividend.
(V. 71, p. 697; V. 73, p. 493.) As to
securities pledged to secure equally the certificates of Indebtedness, see V.
17, p. 1310; V. 83, p. 560.
Bal. sheet 1909, V. 89, p. 1067.

BONDS.—Of the 5s of 1906 (330,000,000 authorized Issue), 314.443,000
have been Issued, of which 35,005,000 Is deposited under coll, trust notes.
The coll, trust 5% notes (originally 38,000,000, but reduced to $6,239,200 and extended In 1910, per plan V. 90, p. 1237, 1295) are a Joint obliga¬
tion of the railroad and the Atlantic A Birmingham Construction Co.
The Interest until payment thereof Is to be guaranteed by the shareholders
of the construction company or the syndicate raising $800,000 cash for the

CASH

V’01. ’02. *03. *04. ’05. ’06. ’07.

’08.

1909.

1910.

DIVS._%J4* 6* 8
8
9
10 10
8
2,2,2*,2H To June, 5
Chairman, Henry Walters.—(V. 89. p. 1067; V. 90, p. 802.)

ATLANTIC COAST LINE RR.—(See Map.)—Operates from Richmond
and Norfolk. Va.. on the north, to Fort Myers, Port Tampa and River Jet .
Fla., on the south, and Montgomery .Ala.. and Augusta, Ga.. on the west,

reaching the ports of Norfolk, Va.; Wilmington, N. C.; Charleston. S. 0.;
Savannah and Brunswick, Ga., and Jacksonville and Port Tamoa. Fla.
Sav. Florida A Western Ry. was merged In 1902.
V. 74, p. 774, 829.

general
Sian.the The
committee
agreeThey
to provide
In thebyplan
pyament
of reorganization
the remaining notes
at par.
are secured
de¬
>r




Places Where Interest and
Dividends are Payable

$4,159,000 bonds), and the $1,100,000 stock and $1,000,000 bonds of Bruns¬
1267; V. 83, p. 35, 1290; V. 84, p. 270; V. 85, p.
Equipment obligations other than In table above,
$150,000 58. maturing $10,000 quarterly (Q.-M.) to March 1 1914.
The controlled companies, the Georgia Terminal Co., Alabama Terminal
RR., Birmingham Coal A Iron Co. and Brunswick SS. Co. were placed in
receivers’ hands In Feb. 1909, their bonded debts being respectively
$3,000,000, $2,445,000. $4,159,000 (including $2,000,000 of Birmingham
Iron Co.) and $1,250,000.
V. 84. p. 1427, 1551: V. 85, p. 470; V. 33,
p. 156, 451, 503, 563.
LATEST EARNINGS.—11909-10
Gross, $2,385,630; net, $549,739
11 mos., July 1 to May 31.(1908-09
Gross, 2,911,281; net, 359,793
For year ending June 30 1909, gross, $2,069,809, against $1,583,804 in
1907-08; net. $357,026, against $393,517.
REPORT for year ending June 30 1908 In V. 87, p. 1294, showed on 491
miles, gross, $1,583,805; net, $426,663; other Income, $136,689; interest,
taxes, Ac., $518,714; bal., sur., $44,637. V. 88, p. 227.—(V. 90, p. 1489.)

-31.487.358

posit of $5,005,000 Atl. Blrm. A Atlantic 1st M. bonds and $5,600,000 pref.
stock of the railroad (or cash representing matured
equipment bonds), entire stock ($5,000,000) of Birmingham Coal A Iron
Co., owning 35,000 acres of coal and 3,600 acres of Iron ore lands (subject to

Last Dividend
and Maturity

wick SS. CoV. 82. p.
1404; V. 88, p. 451, 503.

Average miles operated.

and $17,000,000 com.

Payable

1,000.000 6 In 1910
198,500 5 In 1909
4 g
35.000,000
4 g
15,009,000
4
10,346,000
720,000
4* g
See text
4 g
4 g
M
3,148,000

1,000 Ac

500

When

%

3.000,000

1902
1909
1909
1907
1910
1907

100

Rate

56.964,400 6 In 1910

100
100
100

.

Amount

Outstanding

S1

1,000

—

Atlantic Coast Line RR—Stock common (text)
Class “A” com stock tax exempt (Rich & Pet certs)

Preferred stock 5 %
Coll tr M gold secured by L & N stk red 105._c*Ar
Unified mortgage gold 2200,000,000 authorized
Conv debs 322,562.500 red 105 after May ’16-SBar
Wash & Van 1st M 31,500,000 g gu p & l__SBa.c*
Winston-Salem Southb 1st M g to be guar Jtly._

Par
Value

$100

263

ashvll le
85
1908
2d M (21.000,300 auth)
85
1908
Atlanta Terminal—First mtge$l .500.000 gold.S.c*Ar
3.3 1903
Atlanta & West Point—Stock 22,500,000 auth
86
1889
83
Atlantic City—First Mtge 22,200,000 sold-.QuP.xc*
Atlantic City purchase money real estate mtge.. QP
1900
So Coast prior lien mortgage gold
66 1898
1st cons M 24,500.000 g gu
All
1901
QP
See Louisville & N
Jl,000,000 g red->

do

[VOL. LXXXXI.

RAILWAY STOCKS AND BONDS.

-

in Oct. 1902 acquired $30,600,000 of the $60,000,000 Louisville A Nash¬
ville RR. stock for $10,000,000 cash, $35,000,000 In 4 % collat. tr. bonds
and $5,000,000 stock.
V. 75, p. 733, 792, 905;|V. 79. p. 785.

July, 1910.]




RAILWAY STOCKS AND BONDS

11

| VOL. LXXXXI,

RAILWAY STOCKS AND BONDS.

12

Atl Coast L RR (Concl)—
Alabama Midland 1st M g

(Balnb to Montg) __Mp.xc
Florida So 1st M gold
AB.c*
Sanford & St Petersburg first mtge gold
PeP
Ashley River first mortgage—
SU Sp O & G 1st M gold (Ocala to Inv A br)__Ta.c*
Atlantic & Danville—1st M $4,425,000 g Int rent.Mec*
Second mort $1,525,000 gold Interest rental-.Ta o*
Atlantic & North Carolina—Stock $1,800,000
First mortgage $325,000
MeBa
Atlantic & St Lawrence—Stock ft % rental Grand Tr’k

.

_

.

go!

1895
1894

$1,000
1.000
1,000

1877
1888
1900

1,000
1,000

1904

1,000

1887

1,000
£ ft $100
1,000 Ac

174
244
145
4
64
275
275

1888

95
167
10

1903

100

53

1894

82H

1894
1879
1879

27
32
15

1881
1886
1888
.

1.657
930
384

Pitts June ft Mid Dlv ($20,000,000) 1st M g.Ce.
P LB ft W V Sysref g red 100 after 1025.. Un <
New York Dlvft Term first mtge $10,000,000 f
^onv debentures gold redeem (see text)

1,642

ftc

1,000
1,000
1,000
100
100

_

500
500
500
600

:
—

377
_

J

_

_

144

►

7

r

Pitts.

ftc
ftc
ftc
ftc

1,000
1 non

1001

-

Pittsburgh Junction 1st M $1.440.000 gold
Me.<
rln addition $7,635,050 pledged as part collat. fi

500
100

1898
1898
1899
1898
1901
1905

1,076

Equipment bonds due $1,000,000 yearly
Bonds Underlying First Mortgage 3 M %
Loan 1853 extended In 1885 gold
Pittsburgh ft Con 1st M extended In 1896 In gold.,
rvnt Ohio $2,500,000 con 1st M (1st loan) g-MeBa

1.000
50

_

_

100

.

88
3
5

Baltimore ft Ohio—Common stock $152,750,000
Pref stock 4 % non-cum authorised $60,000,000

Coupon gold notes

1,000
1.000 ftc

1903

Rate

When

%

Payable

100,000
1,000 ftc
1,000

1853
1868
1886
1882
L. E.

500 ftc

112,500

1,000

58.000
1,009.000
a959.000
Sys. 4a.

1,000
1,000
ft W. Va

Lines owned, Ac.—(Con.)— Miles.
Miles.
Paola Jet. near Sanford to St.
Richmond, Va., to Port Tampa.
Fla
906
Petersburg, Fla...
145
Palatka, Fla., to Brooksvllle.
145
Norfolk, Va., to South Rocky
Mount
115 Mllldale. Fla., to Perry
163
Contentnea to Wilmington.
1,516
105 Branches. &c
Leased—
Wilmington. N. C., to Pee Dee
.

97 Central RR. of So. Carolina—
Lane to Sumter, S. C
43 Other lines

Florence, S. C., to Augusta, Ga_.166

40

13
Sumter to Columbia
Yadkin Jet. (Wilmington, N. C.)
Total.ln
to Sanford
116
earnings...
..4,463
Waycross, Ga., to Folkston, Ga.. 34 Closely allied lines (see each co.)—
6,970
Jesup, Ga., to Montgomery. Ala.354 Louisville ft Nashville
Brunswick, Ga., to Albany
169 Charleston ft Western Carolina. 341
71
Dupont Jet. to Fort Myers, Fla..349 Northwestern RR. of So. Car..
Also owns onc-slxth Interest In the Richmond Washington Co.
Leases.
Jolntlv ^’Itb tv»p T.milsville & Nashville RR the Geor^ls RP
371 ml'es
.

.

In July 1909 agreed with Norf. ft West, to build Jointly Winston-Salem
Southbound RR., Winston-Salem, N. C., to Wadesboro, 90 miles, to be
completed about Sept. 1910, the two proprietary companies to guar, an
Issue of 1st M. 50-year gold 4s.
V. 89, p. 161, 598; V. 90, p. 238.

ORGANIZATION.—Originally the Atlantic Coa?»t Line of Va. (change of
name being authorized April 23 1900); April 18 1900 absorbed by consollda
tlon (per plan V. 70, p. 840, 893) the following allied properties: Wllmlng
ton ft Weldon RR., Atlantic Coast Line railroads of South Carolina and
The Florida Southern and Sanford &
Virginia and Norfolk ft Carolina RR.
St. Petersburg were merged April 1903.
V. 76, p. 918, 971. The Atlantic
Coast Line Co. (of Conn.) owns $24,157,000 com. and $1,009,300 pref. stock.
See that co. above.
V. 70, p. 893: V. 71, p. 1116, 1310; V. 83, p. 560.
STOCK.—Atl. Coast Line of Va. cla«»s A (Rich, ft P<t. ctfe.) tax-exempt

Last Dividend
and Maturity

Dividends are Payable

M
J

ft N Nov 1 1928
ft
J Jan 1 1945
J
ft
J Jan 1 1924
do
do
ft
J
J Jan 1 1915
ft
J
J July 1 1918
ft
J
J July 1 1948
8,925,000
ft
J July 1 1948
J
1.525,000
Semi-an July 20 '10 1 H
1,797,200
ft
J
J July 1 1917
Bk. Balt
325,000
M
ft
S Mch 1910
5,484,000
3%
J
ft
J Jan 1 1944
2,000
ft
J
J July 6 1910 2 H
1,022,900
J
ft
D
Dec 1 1924
400,000
ft
l
J July 1 1953
225,000
ft
J July 1 1910 1H
J
225.000
M
S Sep 1 1934
5 g
ft
Broad St Station, Phtla
1.250.000
6
ft
J July 1 1929
Farm ft Mech Bank. Balt
J
48,500
6
J July 1 1929
72 800
ft
J
do
do
5 ft 7
ft
J July 1 1910
J
do
do
390,600
ft
J
6
do
230,000
J
do
July 1 1931
M
ft
5 g
N Nov 1 1936
do
do
690,000
M
5 g
ft N May 1 1938
do
do
240,000
S Sept 1 1910 3% Co's Office. 2 WallSt.NY
152.206,800 6 in 1910 M ft
S Sept 1 1910 2%
do
do
60,000,000 4 In 1910 M ft
ft
do
do
74,990,025
SV4 g J
July 1 1925
ft
do
4 g
A
74,997.375
31 July 1 1948
do
ft J1 July 1 1925
do
do
44.996.000
SK E J
3H g
do
Nov
1
do
X6.175.480
1925
s
M ft N Nov 1 1941
4 E
do
43.260,000
do
See text
D June 11948
4 g
ft
J
do
do
M
4 9
ft
139 .non
Mch 1 1911
do
do
4 g
M &S10 Mch 10 1911
10.000,000
D
ft
June 1 1913
40,000.000
4H E J
See text
4
F
ft A To Feb 1 1920

1910
1910
1910

Lines owned and trackage—

Junction

Amount

Outstanding
$2,800,000
2.418,000
275,000
33.500
492.000

100

Atlantic & Western—First mtge $3,000,000 gold-.IB
Augusta & Savannah—Stock 5 % rental Central of Ga
Augusta Southern—*Flrst consol mtge gold
Cejso
Augusta Union Station—First M $250,000 gold...SB
A*on Geneseo ft Mt Morris RR—Stock (see text)
Baltimore Chesapeake & Atlantic—1st M gold__Mp,c*
Balt & Cumberland Val Ry— 1st M Interest rental
Balt ft Cumberland Val RR—1st M Interest rental

Baltimore & Harrisburg RR-

Par
Value

Date
Bonds

Miles
Road

RAILROAD COMPANIES

[For abbreviations, Ac., see notes on first page]

.

5 g
4 g
4 g
8
4 g
4 g
4 g
See text
6
6
5 g
5
5 g
4 g

ft
O Oct 1 1935
ft
J July 1 1946
S Sept 1 1930
4H g M ft
6 sr
J
ft
J July 1 1922
s Coups. M. ft N.:
reg. Int. Q •-F.
4 g
4 g

A
J

do
do
do
do

do
do
do
do

Reg. int. Q.-J.

OFFICERS.—Chairman of Board, Henry Walters; Pres., T. M. Emerson;
1st Vice-Pres.. Alexander Hamilton: 2d Vice Pres.. C. S. Gadsden: 3d VlcePres.. J. R. Kenly; Gen. Mgr., W N. Rovall: Sec., Herbert L. Borden;
Treas., James F. Post.—(V. 89. p. 1481. 1595: V. 90. p. 166, 1238.)

ATLANTIC ft DANVILLE RY.—(See Map Southern Ry.)—West Nor¬
folk to Danville Va.. 205 miles, three branches, 22 miles; James River Jet
to Claremont (3-ft. gauge), 50 m.; total. 277 m.
Leased to Southern Ry.
from Sept. 1 1899 to July 1 1949 for taxes, repairs, maintenance and cash
rental sufficient to cover Int. charges. with privilege of renewals for terms of
99 years.
In addition the Southern Ry. agrees to pay the same rate of divi¬
dends on com. stock as paid on Its own com. stock. V.71 ,p.447; V.79.p.625.
STOCK.—Com., $2,180,000.
Pref. shares were canceled prior to July 1
See V. 71. p. 181.862; V. 73. p. 722. 956; V. 79. p. 625.

1904.

BONDS.—Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
upon request of Southern Ry.. Interest charges to be covered
by Increased rental.
Of the $1,525,000 second 4s. the remaining $750,000
were issued July 1 1909.
V. 77. p. 195.—(V. 79, p. 967; V. 89, p. 1410.)

Improvements

ATLANTIC ft LAKE SUPERIOR RY.—V. 89. p. 1595; V. 90. p. 107.
ATLANTIC ft NORTH CAROLINA RR.—Morehead City to Golds¬
N-. C., 95 miles.
State of North Carolina owns $1,266,500 of
$1,797,200 stock.
Leased from Sept. 1904 to Jan. 1 1996 to Atlantic ft
North Carolina Co (the lease being later transferred to Norfolk A Southern
Ry.) for Interest on bonds, taxes. &c.. and dividends at 3% yearly for
20 years. Increasing V$% yearly every ten years until 5% Is reached:
thereafter. 6%; lessee also agreed to expend $250,000 by Sept. 2 1907
for Improvements and equipment.
V. 79, p. 967.
boro.

DIVIDENDS.—
Per cent.

*93. ’94. ’95. *96. *97. ’98. *99. 1900-04.
2
2
0
2
2
2
0
2

stock was assumed as so much of the com stock of the new company.
Stockholders voted Nov. 1909 to Increase the total authorized stock from

Pres., Frank S. Gsnnon.—(V. 83. p. 1590. 1522.)

$60,000,000 to $72,100,100, to provide for the conversion of new 4% con¬
vertible debenture bonds.
V. 83. p. 490, 1295; V. 89, p. 1141, 1346.
The pref. stock ($1# 850,000) was In 1902 mostly exchanged for 125% In
4% certificates of Indebtedness.
V. 75. p. 1252.
DIVIDENDS(%) ’00 ’01. *02. ’03. ’04. ’05. ’06. '07. 1908. '09. 1910.
Com. (lncl.Cl.A)
2H 3H 5
5
o5 6
6
b5H
6
Preferred
2H 5
555
555
5
5 May.2H
a Also 20 nf.. In com
stock scrip and 5*? In ,'tlantlc Coast Line Co. 4%
certificates of indebtedness.
V. 81. p. 1558.
b Includes 3% paid in Jan.
In Atlantic Coast Line RR. 4% certificates of indebtedness.
BONDS.—First consol. 4s of 1902 (limited to $51,326,000 outstanding)
are a first lien on 1,021 miles of road and a blanket lien on 2,927 miles owned,
subject to the underlying bonds.
The stockholders on Nov. 16 1909 (V. 89, p. 1141, 1346) authorized (1)
an issue of not exceeding $200,000,000 unified mortgage 50-year 4% bonds;
(2) $23,562,500 4% debenture bonds convertible into com. stock, these last
to provide an alternative method of retiring the $23,562,500 certificates of
indebtedness If the holders elected to exchange for debenture bonds at
par prior to March 1 1910; and (3) to increase the com. stock to an amount
sufficient to provide for conversion of the debenture bonds.
Purposes for Which the $200,000,000 Unified 4s Were or Are Issuable.
To be Issued for improvements and to retire $2,000,000 Jack, ft
S. W. bonds, $1,600,000 Wil. Col. ft Aug. 6s due June 1 1910
and $5,000,000 Atlantic Coast Line RR. notes
$15,000,000
Reserved to retire same amount of 4% certs, of Indebtedness, if
surrendered prior to March 1 1910 (on June 30 1909 only
$21,566*000 of these certs, were outstanding, remainder re¬
served to retire pref. shares still unexchanged)
23,562,000
Reserved to retire underlying bonds
84,090,000
Reserved (along with any bonds not Issued to retire certs, of
Indebtedness) for future construction. Improvements, &c.)._ 77,348,000
The 4% convertible debentures will be redeemable after May 1 1916 at
105 and convertible at the option of the holder Into common stock at $135
a share at any time up to Jan.1920, or, if called, up to 30 days prior to the
date of redemption.
The holders of all but $232,900 of the $21,566,600 4%
oerts. of indebtedness exercised the option to exchange on or before Mch.l
1910 their certs, for deb. bonds or unified M. bonds at par. V.89, p. 1481.

ATLANTIC QUEBEC ft WESTERN RY.—V. 90,

p.

Underlease
as above.

107, 1044.

ATLANTIC VALDOSTA ft WEST ERN RY.—See Georgia So. ft Fla RR.
AUGUSTA ft SAVANNAH RR.—Mlllen to Augusta. Ga.. 53 miles.
In
1895 re-leased to Cen.of Ga. fbr 101 yrs. at 5 % on stock.—(V. 61, p. 239.)
AUQUSTA SOUTHERN RR.—Owns from Augusta to Tennllle, Ga., 82

miles. The Southern Ry. in Jan. 1901 acquired about four-fifths of stook.
V. 73, p. 343.
Com. stock, $400,000; pref., $350,000; par, $100. Year
ending June 30 1909, gross, $178,206; net, $45,846; charges, $35,382;
balance, surplus, $10,464.—(V. 80. p. 2219, 2456.)

AUQUSTA UNION STATION CO.—Owns union passenger statloh at
Augusta, Ga., used by all roads entering the city, the latter under their op¬
erating contract providing for Interest on the bonds and 4 % dividends on
stock.
Stock, *75,000 (5 % paid In). held equally by Southern Ry., Atlan¬
tic Coast Line RR. and Georgia RR.
V. 78, p. 2333; V. 79, p. 500.
Pres.
Thos.‘ K. Scott; Sec. and Treas., Carlton Hlllyer.— (V. 82, p. 48.)

,

As

to

ab

the $35,000,000 collateral tru>t 4s ol 1902, see "Organization”
T».pV HrP cuhWt t.<' c«u «t 105 in amounts not less than $100,000.

There were outstanding March 1 1910 $55,000 Bruns, ft West. Incomes.
The Washington A Vandemere 4 He ($1,500,000 authorized, of which
$720,000 outstanding) are guar., p. ft 1., by endorsement. V. 84, p. 1246.
FINANCES.—In Feb.1910 the Louisville ft Nashville dividend rate was
raised from 6 to 7%.
V. 89, p. 1595.
LATEST EARNINGS.— f 1909-10__.Gross, $27,615,290; net, $9,420,322
11 mos., July 1 to May 31.\1908-09
Gross, 24,111,047; net, 7,593,603

REPORT.—Report for

year

1340, 1352 (editorial, p. 1312).

ending June 80 1909 at length, V. 89, p.
Comparisons with 1906-07 Inaccurate.
1908-09.

Gross receipts
Operating expenses

1906-07.

$26,144,065 $26,029,052 $26,771,528
18.062,899 20.043,794 20.442.027

and taxes

Net reoeipts from traffic
Other income
DlvldendonL. ft N.stock

1907-08.

$8,081,166

$5,985,258
1.215.765
1,463,376
(5H) 1.683.000(5)*) 1683000

Total net receipts

$10,979,931

$9,131,634

Deduct—

$6,329,501
837,428
(6)1836000

$9,002,929

Interest on bonded debt. &c
$5,439,8?8 $5,359,313 $5,022,208
Int. on certificates of indebtedness—
862,754
862,754
862,766
Hire of equip, and term rents
4 <,569
128,420
Dividend on preferred stock (5%)—
79,830
79.830
79,830
Dividend on common stock
(5K)2.669.568(5 X)2669540 (6)2,912,256
—

Balance, surplus.




$1,879,381

$31,777

$125,869

AUSTIN ft NORTHWESTERN RR—See Houston ft Texas Central Ry.
AVON GENESEO ft MT. MORRIS RR — Mt. Morris to Avon, N. Y., 18
Leased to Erie RR. Feb. 26 1896 In perpetuity; rental (after 1901).
3H % on stock.—(See V. 63. p. 512; V. 62, p 318, 589.)

miles.

BALD

EAGLE VALLEY

RR.—Merged In Penn. RR. In 1908.

BALT, ft ANNAPOLIS SHORT LINE RR.—See ”Electrio Ry. Section.”
BALTIMORE CHESAPEAKE ft ATLANTIC RY.—Owns Claiborne
to Ocean City, Md.. 87.66 m.; from Claiborne to Baltimore, 44 m., transfer
Is made by water; steamer lines owned, 1.134 m.: total mileage owned
and operated. 1,221.66 m.
Controlled bv Pennsylvania RR and allied
lines.
V 69, p. 541,590; V. 59. p. 371.
Pref. stock. $1,500,000 5 % cum.;
com., $1,000,000.
Dlv. on pref., 2%Mch. 1 1905; In 1906, Mch., 3%;
Oct., 2%; In 1907. March, 3%; Sept., 2%; In 1908, Oct., 2%; 1910. Jan.,
5%; Sept., 2%.
Claim of minority stockholders for larger dlvs., V. 87,
p. 284.
The stockholders voted on Jan. 26 1905 to acquire a majority of the stook
of the Maryland Delaware ft Virginia Ry., extending from Queenstown,
Md., to Lewes, Del., with branches, a total of 77 m., and guarantee $2,000,000 of Its first mtge. bonds.
See that co. V. 80, p. 116, 1058.
Fiscal year now ends Dec. 31.
In 1909, gross, $1,036,959; net, $250,965;
other Income, $13,042; charges and improvements, $122,816; dividends
(5%), $75,000; balance, surplus, $66,192.—(V. 84, p. 1302; V. 87, p. 284.)

BALTIMORE & CUMBERLAND (RR. AND RY.).—The Railroad ex¬
tends from State Line, Md.. to Waynesboro, Pa.. 4.55 miles; stock. $76,700,
in $50 shares.
The Railway extends from Edgemont. Md., to State Line.
Pa.. 3 m.; stock, $42,500, in $100 shares. Both are leased to Western
Maryland RR for 50 years from July 1 1879, with privilege of renewal or
purchase; rental. Interest on bonds.
BALTIMORE & CUMBERLAND VALLEY EXTENSION RR.—Waynes¬
boro to Shlppensburg, Pa., 26.52 miles.
Leased to Western Maryland RR.
for 50 years from July 11881, with privilege of renewal, for Interest on bonds
and dividend on stock, amounting In all to $38,730.
V. 75. p. 665.—(V 75. p. 665.)

See table above and

BALTIMORE & HARRISBURG RR.—Emory Grove, Md. to Orrtanna,
Pa., 59 m., with branches, 7 m., total, 66 m. Leases Balt.ft Harrisburg Ry.,
Western extension, Orrtanna to Highfleld, 15 m., guaranteeing Interest on
Its bonds.
Leased to Western Maryland RR. for 50 years from Oct. 25
1886; rental, Interest on bonds and 5% on pref. stock (all paid MAN).
Stock, com., $690,000; pref., $29.100.—(V 44, p. 812.)
BALTIMORE & OHIO RR.—(See Afap.)— ROAD.—Operates from Baltlto Philadelphia and Baltimore to Chicago, Cincinnati and St Lovts;

more

total mileage leased, owned and operated In July 1909,4,003 miles.
Blue Llne (see Central RR of N.J ) gives access to New York.

(* Royal

July, 1910.]




RAILWAY STOCKS AND BONDS.

13

Miles
Road

RAILROAD COMPANIES

IFor abbreviations, Ac., see notes on first page]

Date
Bonds

7
1894
XConcl.)—Pitts Juno 2nd M $300,000 gMe. *c
Bonds Underlying Pittsburgh Lake Erie A West. Virgin ia 4*
1893
192
Clev Lor & Wheel cons M (now 1st) gold
-Usm.c*
192
1896
General mortgage $1,000,000 gold redeem 105. N.c
1900
102
Cons ref M $10,000,000 gold red at 102^ --Ta.c*
1895
88
Cleveland Term & Valley 1st M gold guar. -Me.c*&r
30 1889
Monongahela Rlv RR 1st M gold guar B & O Ce.c*
72 1900
Ohio A Little Kan Ry 1st M $250,000 red 105 gold
172 1886
Ohio River first mortgage ($2,000,000) gold..
209
1887
General mortgage ($3,000,000) gold 1st on 39 me*
1890
33
Rav Sp & G11st M $400,000 g guar p &
11
1892
Huntington & Big S 1st M
g guar,
1882
77
Pittsburgh Cleveland & Toledo first mortgage gold.
1878
30
Pittsburgh Newcastle & L E 1st M extended In
215
1887
Pittsburgh & Western 1st cons M $10,000,000 g-.c*
3
1892
Ellwood Short Line first mtge gold $300,000—G
176 1890

Par
Value

B & O

($400,000)

FP.c*
l-.FP.c*
.c*
gold

WVaiP 1st M gold 5s scaled; red at par. -MeBa.c*
Leased Lines, Ac., Securities
Balt & New York RR 1st mtge gold guar.MeBa.c&r
Mon River Coal M $1.500.000 gold s f redeem at par
Schuylkill River ES RR 1st M gold guar p&i end.
Staten Isl Rap Tran 1st M $1.000.000 g $ or £_Us.c*
Staten Island Ry first mtge $1,000.000 gold--Me c*
Balt & Ohio Chic Term RR—Ch&GtW 1st M gass’d.c*
City of Chicago purehARp money mortgage assumed
First mortgage $50,000,000 authorized
Baltimore & Polomac—See Phlla Balt A Washington
Bangor & Aroostook—Stock (see text)
First mortgage ($16,000 per mile) gold
G.c*
Second mortgage gold
Usm

5H
.

12
11
13

--

Consol refunding mortgage $20,000,000 g -_OB.c*
Medford Ext 1st M $1,000,000 g (V 84, p 692) _Us.c*

1st M gold
Ce.c*&r
St Johns Rlv Ext 1st M $800,000 gu
Ce.
Aroostook County bonds (assumed)
North Maine Seaport 1st M guar p & 1 — Usm.c*&'
G
Car trusts Ser B
a “Total Issued” shown In first left hand column
Washburn Extension

BALTIMORE & OHIO—(See Map)—(Concluded.)
The system embraces, subject to mortpraxes, the

Pr. lien 3H%M —(1.076m.)M«e*
Balt, to Wheeling, Belpre. O., &C.721
355
Cumb. to Plttsb A W , &c
1st M. 4% —(581 miles.)
Balt, to Phlla. and branches
137

Chicago, Ill., to Akron, O
378
Branches to Fairmont,W.Va.,&c_ 66
South W. Div. 3H% M.—
Belpre, 0.,vla Clncln. to St.L. Ac 930
Pills. Jet. 3 H % M.—(384 miles)
Bellatre to Midland City, O
)
j377
Shawnee to Sandusky, O
Junction
RR
7
Pittsburgh
PX.fi?. A W. V.Sys.4 % M. (*1,642m.)
West Virginia A Pittsburgh
176

100

1,000

1.000
1,000
owned b

following lines:

a21

77

53

Eastern Ohio
Trumbull & Mahoning

17
11

Monongahela River RR

30
92

Cleve. Terminal & Valley..
ICleve. Lorain & Wheeling Ry.,

Wheeling to Cleveland, 6sc_..al95
Ohio River RR. Lines—
Benwood to Wheeling. 6sc_..a265
West Virginia Short Line RR
58
Ohio & Little Kanawha RR....
74

Baltimore

4,448

V. 89, p. 102, 46s.

READING CO., &c—In 1901 $68,565,000 (virtual control) of the $140,000,000 Reading Co. stock, consisting of $12,130,000 first pref . $28,530,000
second pref. ana $27,905,000 com. was acquired, the Lake Shore & Michi¬

(Vanderbilt system) taking about one-half. In 1904
M. S. each sold $3,950,000 of the common. V. 76,
PACIFIC INTEREST.—The Pennsyl¬

1910 owned directly $14,273,600 pref. and $5,725,stock: also—through the Northern Central and Phila. B. & W.
(each owning one-half)—$2,000,000 pref. and $2,097,400 com. stock, and
through Pennsylvania Co. $5,000,000 pref. and $13,451,200 com. stock.
Union Pacific In Sept. 1906 purchased $32,334,200 com. and $7,206,400
pref. Stock. V. 83. p. 562, 686, 1036- V. 84, p. 50, 569.
STOCK.—Authorized Issues: Common, $152,750,000: pref. 4% non-cum.,
$60,000,000: outstanding, see table above.
Pref. stock divs. are limited to
4%.
(See V. 71, p. 1166, and editorial, p. 1143; V. 72, p. 1186.)
DIVIDENDS.—
*00. ’01 to ’04. ’05. ’06. ’07. ’08. '09. 1910.
2
6
6
6
Common (%)
4 yearly 4M 5K 6
Preferred (%)_
4 yearly 4
4
4
4
4
4
4
BONDS.—(1) Prior Lien 3^%, a first lien on main line and branches,
Parkersburg branch and Pittsburgh division, about 1.076 miles of first track
and 1,325 miles of second third and fourth tracks and sidings, and also all
000 com.

upwards of $20,000,000, or here¬
See application to list,
86, p. 36.

(2) First Mortgage 4% Gold Bonds, Due July 1 1948 but subject to call,
part, after July 1 1923, at 105; a first lien on the Philadelphia,
Chicago and Akron divisions and branches and the Fairmont Morgantown &
Pittsburgh RR., covering about 581 miles of first track and about 573 miles
of second third and fourth tracks and sidings; also on the B. & O. Terminal
In whole or In

Baltimore Belt RR. They are also a lien, subject to prior
lien mtge
upon main line,&c.
See app. to list, V. 69, p- 30; V. 79. p 211.
Total authorized (lncl. $49,975,000 Issued at reorganization)..$165,000,000
property and the
,

reserved to retire prior lien bonds In 1925_
for betterment or extension of the prop¬
erties covered by mortgages (1) and (2), or for extensions,
additions or equipment; at not over $1,500,000 a year for
1st 4 years and $1,000,000 a year thereafter, originally..
(8) Southwestern Division 1*1 Mortgage 3H*.
Virtually a first
lien upon the properties constituting the B. 6s O. South¬
western RR. system, or the securities representing the same,
covering about 930 miles of first track and about 401 miles
of second track and sidings.
All Issued..
(4) B. <fc O., Pitts. Jet. A Mid. Div. 3H*. Expected to be ulti¬
mately a first lien upon the railroads of the Central Ohio sys¬
tem and Pitts. .Tct. RR. Co.. 385 miles In all.
Total
Issuable $1,000,000 per year for first two years and
Of which

75,000,000

Issued and Issuable

27,000,000

45,000.000

20,000,000

for the enlargement, better¬
ment or extension of the properties covered
5,000,000
In partial exchange for old bonds and sold ($4,000,000)__
14,569,000
Of this Issue $6,175,480 is in hands of the public and $7,635,050 pledged
M part collateral for Pitts. Lake Erie 6b West Va. System 4s.
Underlying bonds, see table; underlying stocks still out, $21,227.
($) Pittsburgh Lake Erie A West Virginia System mtge. refunding 4% gold
bonds (authorized amount $75 000,000) are a lien on 1,642 miles, consisting
of the Ohio River, Cleve. Lorain 6s Wheeling. Pittsburgh & Western. dec.,
thereafter $500,000 per year,

forming a direct connection with Pittsburgh, Cleveland Falrport Lorain
and Sandusky, subject to underlying bonds outstanding thereon (see table
above).
In Sept. 1905 $29,060,950 additional underlying bonds. Including
S7.tS8.050 Plttsb. June 6b Middle Div. 3Hs, were held In trust as part se¬
curity.
The $30,553,000 unissued are reserved to retire underlying bonds.
T. T4, p. 266;

V. 79, p. 2793;

V. 80, p. 1423; V. 86, p. 479; V. 88, p. 451. 685.

(•) The 4% debentures of 1901 are convertible at the option of the holder
stock at par on 30 days’ notice (see V. 73, d. 1159): they may

Into oommon




A
A
A
A
A
A

N
D
D
O
D
D
N
O

May 1 1939

July l 1922

Places Where Interest and
Dividends are Payable

Office,2 Wall St.N Y
do

do

M
J
J
A

g
g
g
g

2,983.800 4 In 1910
5 g
3,360,000
4 g
112,000
4 g
1.500,000
5 g
500,000
5 g
225,000
4 g
6,458.000
5 g
1.000.000
5 g
1,650,000
5
953,000
728.000
4H
6 g
4,652,000
5 g
40,000
&
Ohio
y Baltimore

J
J
M
A

A

1933
1936
1930
1995
1919
1950
1936

1
1
1
1
1
1
1

Apr 1 1937
Aug 1 1920
July 1 1922
Oct 1 1922
June 1 1917

July 1 1917
Jan

1 1922

Apr 1 1990
Dec
June
Jan
June
June

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
First Nat Bk, Allegheny
J P Morgan A Co, N Y

Co’s office 2 Wall St. NY
do
do

1 1945

11925
1 1913
1 1943
1 1936

M«u

1

do
do
Amer Bonding & Tr.Balt
518
Walnut St,
Phlla
17 State St, New York
17 State St, New York

103R

To

City of Chicago

April 1 1960

Seml-an. July 12 ’10 2%
Jan 1 1943
July 1 1945
Jan 1 1943
Jan 1 1943
Oct 1 1947

A
J
J
A
J
J
A
A
O
A
O
A
O
A
A
A
J
J
N
M
A
A
A
F
A
F
A
Various
A
O
A
O
A
A

Mercantile Trust Co, N Y

July
May
Aug
Aug
Sept
Apr

1 1951
1 1937
1 1939
1 1939
12-July 15
1 1935

Oct

1 1910

Checks mailed
Guar Trust Co, New York
do
do
do
do
do
do
do
do
Brown Bros. N Y; A Bost
do
do
do
do
New York A Boston
Fourth Nat Bk, Boston
Brown Bros NY Bos dePh
Guar Trust Co,New York

be called for payment at par and Interest on any Interest day, In the inverse
order of their numbers.
V. 72, p. 282; V. 73, p. 337, 1158; V. 75, p. 549.

Pittsburgh & Western
Plttsb. Cleveland 6s Toledo
Plttsb.Palnesv 6s Falrport

the equipment now owned of the value of
after acquired.
Total authorized, $75,000,000.
V. 69, p. 30; V. 78, p. 1906; V. 86, p. 1528; V.

5
5
4
6

J

511.000
4V* g
4 g
394,000
5
650,000
28,000,000 See text.

1,000
1.000
1,000
1,000
1,000
1,000
1.000
1,000
1,000

redeemed May 31907,
at fo eel » ure 'ale
$8,000,000 authorized
stock; bond issue auth., $50,000,000 50-year bo ■< s.
V. 90, p. 166, 1101.
Control of the Cincinnati Ham. A Dayton.—Under the readjustment plan
of the Cincinnati Hamilton & Dayton (V. 88, p. 1436, 1498), the Baltimore
& Ohio in August 1909 acquired virtual control and Is to acquire
control on July 1 1916 at a price to be fixed by arbitrators, the controlling
stock to be vested meantime In three voting trustees, one to be the Presi¬
dent of the B. & O. for the time being.
Certain of the securities of the

PENNSYLVANIA AND UNION

Oct
June
Jan
Nov
Feb
Mch
June

50.000
618,000
5,000,000
1,000.000

1,000
1,000
1,000
1,000
1.000
1,000

Ohio, &c., plan, V. 67, p. 688, 1206, 1356.

vania RR. Co. on Jan. 1

O
D
J
N
A
S
D
O
A
J
O
D
J
J
O

1,000
1,000
1,000
1,000

The 515,140,000 Chicago Term. Transfer 1st 4s were
and
Jan. 1910 the
property was bid In
In
and reorganized as B. & O. Chic. Term. RR. with

gan Southern Ry. Co.
the B. & O: and L. S. A
p. 101: V. 80, p. 1856.

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

5 g
5 g

ganised without foreclosure,per plan in V. 66, p. 1235. The B. & O. South¬
western was reorganized per plan In V. 67, p. 688, the consol, mtge. of 1893

guaranteed.

A
J
4H g J
M
4 g
F
5 g
5 g
M
5 g
J
5 g
A
4 g
F
4 g
J
6 g
A
4 g
J
4 g
J
5 g
J
4 g
A

5,000,000
890.000
950,000
3,302,000
700,000
228,000
2,000.000
2,941.000
376,000
303,000
441,000
82,100
650,000
300,000
3.943,000

covered by Pitts. Jet. 1st M. a See this company
HISTORY.—Receivers were appointed in Feb. 1896, but In 1899 reor¬

C. H. A D. are

J

5 g

1,000
1,000
1.000

Last Dividend
and Maturity

A

a$250.900

•Includes 384 m., also

having been foreclosed: Cent.

Payable

100 &c

-

Total of all (adding
Belt and other lines)

When

%

1,000
1,000
1,000
1.000
1.000
1,000

211
211
77
33
15 Yx
412
28
55
32

.

Rate

1.000

1889
1895
1903
1883
1893
1886

1893
1895
1899
1899
1897
1901
1907
1909
1909
’92-’95
1905
54
96-'00
balanc e belne

Amount

Outstanding

$1,000

1910

First mortgage Piscataquis Div $1.500.000 g.. G.c*
V Bur Ext 1st M $500,000 g (V 69, p 952)
G.c*
Aroostook Northern first mtge $225,000 gold--G.c*

l

|VOL. LXXXXI

RAILWAY STOCKS AND BONDS

14

(7) New York Division and Terminal 1*1 4* (authorized amount $10,000,000) are secured by deposit with the trustee of all the Staten Island Rapid
Transit refunding 4s as issued ($5,000,000 authorized), all the $350,000
Balt. 6c N. Y. 1st 5s and the entire stocks of those companies.
Of the
bonds $5,000,000 were issued on June 30 1909 but held In the treasury, the
balance being reserved for the further equipment, development and exten*

Y. Ry. V. 83, p. 1042.
assuming
Sept. 1918.

slon of the Staten I. properties. Including Balt. & N.
In Nov. 1907 purchased 2,000 cars from the Fairmont Coal Co.,
part of $1,529,000 5% car trust bonds, due $162,000 yearly to
V. 85, p. 1404. Ground rent liens June 30 1909, $1,223,564.

bonds were purchased
4s Issued guaran¬
V. 81, p. 727.
67, p. 1310) has
4% on the mtge.
p. 439.
of $2,400,000 Pitts. Clev. 6c Tol. 6s. V. 70,

LEASED LINES.—Schuylkill River East Side 5%
Dec. 1 1903 at 110, per V. 68, p. 40, and $5,000,000 new
teed. p. 6b !.. by endorsement.
V. 77, p. 1745; guaranty.
The West Virginia 6b Pittsburgh (see agreement In V.
been operated since Sept 1 1899 under a 99 years’ lease, for
to be appropriated to payment of bond Interest.
V. 69
p.

Acquired at 125 $1,956,000
632; V. 76, p. 47.

FINANCES.-*—In Feb. 1909 sold $13,100,000 Pitts. L. E.
div. 4s.
V. 86, p. 1528; V. 87, p. 36.
In 1910 sold $10,000,000 one-year 4% notes dated Mch.

6b West Va.

10 1910 and

$10,000,000 4% equipment bonds dated Feb. 10; also filed 4% equipment
mtge. for $10,000,000, none to be Issued at present.
V. 90, p. 696, 848.
In May 1910 sold $40,000,000 3-year 4M% gold notes, part of a $50,000,000 auth. Issue, for Improvements and equip., secured by $6,000,000 first
pref., $14,000,000 2nd pref. and $10,000,000 Reading com. stock and $28,000,000 B. 6c O. Chic. Term. 1st M. 4% bonds, the remaining $10,000,000
being reserved to retire the $10,000,000 notes due Mch. 10 1911.
Other
collateral may be substituted under conditions stated In the Indenture.
V. 90, p. 1295.
The capital expenditures for 13 years ending Dec. 31 1909 were $151,704,000 and $24,000,000 will be required to complete construction and
betterments In progress and equipment contracted for.
V. 90, p. 166.
EARNINGS.—12 mos.,/1909-10..Gross, $88,901,252; net, $27,567,451
July 1 to June 30.
11908-09..Gross. 76,412,856; net, 25,248,875
Earnings of July 1909, based on 4,198 miles, entire system, except Valley
RR. of Virginia, Ravenswood Spencer 6b Glenvllle, Ohio 6b Little Kanawha,
Cleveland Terminal & Valley.
For 6 mos. ending Dec.31 1909.net after taxes,$13,439,863, against $12.065,296 In 1908; other Income (about), $2,000,000; charges, $6,270,000;
pref. div. (4%), $1,200,000; com. div. (3%), $4,565,275; sur.,
REPORT.—For year 1908-09, V. 89, p. 1138, 1158.
(See also p. 1117.)

$3,404,588.

Year ending June

Miles

Freight
Passengers
Mall, express, 6cc
Total gross

1905-06.
4,030
$53,872,416 $55,681,786 .$64,625,946 $60,002,204
13,701,698
13,736,107
14,147,117
3,992

1907-08.
3,992

1906-07.
4,006

12,970,112
4,200,990

4,190,888

3,470,859

30— 1908-09.

3,688,153

earnings..$71,043,519 $73,608,781 $82,243,922 $77,392,056

Operating expenses

54,150,879

47,551,976

49,515,221

54,880,091

Net earnings
$23,491,543 $19,457,902 $27,363,831 $27,876,835
Oper. inc. (after taxes) .$20,890,104 $17,430,603
No comparison
possi¬
5,268,975
Other Income
4,685,139
ble,
owing to changes
In
accounting.
$25,575,243 $22,699,578
Total net income
Interest, rents, &c
$12,554,278 $12,264,234
278,556
Mlsc. improvements, &c.
547,984
2,400,000
2,400,000
2,400,000
Divs. on pref. stk. (4%)
2,400*000

Divs. on com.

stock!.-. (6)9,130,550 (6)9,130,550 (6)9,130,550(5^)6851474

•Balance, sur. or

def. S.$942,432D.$1,373,762

S.$2,915,440 S.$5,812,830

•Surplus differs from that shown In pamphlet report, owing
of charging common stock dividend. our form being used hr

to method

simplicity.

Committee—Daniel Willard, Chairman; Oscar G. Murray,
J. R. Foard, L. F. Loree, Robert S. Lovett, E. R. Bacon, N. B. Ream and
Samuel Rea; Pres., Daniel Willard; 1st Vice-Pres., Geo. F. Randolph; Seo.,
C. W. Woolford; Treas., J. V. McNeal.
Directors—R. Brent Keyser. John P. Green. Samuel Rea, Joseph R.
Foard, Oscar G. Murray, James Speyer, Robert S. Lovett, Norman B.
Ream, James Stillman. Edward R. Bacon, Joseph Wood. L. F. Loree.
New York office, 2 Wall St—(V. 90, p. 1101, 1238, 1295, 1361.)
Executive

BALTIMORE & OHIO CHICAGO

TERMINAL RR—Property con¬

and freight terminals In city of Chicago, lines of railway
leading thereto and a belt line around the city; also 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 Chicago River. Nearly
sists of passenger

all land,

including that upon

which tracks have been built, Is owned In fee.

Track owned, 84 m.; leases from Chicago Junction Ry. 11m.; trackage.
total. 101 m.; 2d track, 69 m.; sidings, 118 m.; total all tracks, 289

7 m.;

miles.

Transfer RR., bid In on
foreclosure of first mtge., subject to
V. 90, p. 166, 100, 235, 625. Stock

HISTORY.—Successor to Chicago Terminal

Jan. 10 1910 by the B. & O. under
two underlying mtges. shown above.

authorized, $8,000,000; par

$100.

TENANTS.—Balt. & Ohio, Chicago Great Western, Chicago Junction!
Pere Marquette.
See V. 77, p. 948, 2158; V. 79, p. 901. Minimum rentals
from tenants, $513,500 annually.
V. 79, p. 2084.
BONDS.—Of the 1st M. bonds of 1910, $28,000,000 Issued as series A 4s
to the Balt. & Ohio to represent the cost of the property and are
wledged under Its 3-year 4
secured gold notes, $5,000,000 addltlona
perles A 4s to be Issued to the B. & O. when required for lmprov’ts and $1,sOO.OOO reserved to retire the old bonds and $15,800,000 for extensions.
Improv’ts and equip, to bear not over 4X% lnt. V. 90, p. 129$.
2ere given

BONDS.

RASATILONWCDKY

mo.,

July,




16

RAILROAD COMPANIES
see notes on first page]

tFor abbreviations, Ac.,

Miles
Road

Bangor A Aroos (Con.) Car
•

trusts Ser C g gu .PeP.c*
Car trusts Ser D g guar $45,000 due s-a
Pe.Pc*

Bath & Hammondsport—1st mortgage
Second mortgage

Bcaum’t & Qt Nor—lsttft

g $40,000per m red 102 H-Q
Beech Creek—Stock (guaranteed 4 % by endorsement)
First mortgage gold guar p A 1 (endorsed) - K.c Ar
Second M for $1,000,000 g guar p A 1 (end). Un. cAr
Clearfield Bltum Coal 1st M lnt guar by Bh Cr g
c
Beech Creek Exten—Is M $4,500,000 g guar p A1 Q.c*
Beech Creek consol mtge $20,000,000 gold..Q.c*&r
Bellingham Bay & Brit Col—1st M $1,000,000 gold s f
Belt RR & Stock Yard of Indianapolis—Stock
-

10
10
33
165
165
165
59

All

Belt Ry of Chattanooga—First mtge gold—MeBa.c*
Belvidere Delaware—-Stock $4,000,000)-.
Consolidate guaranteed by United Co's sinking fd._r
guaranteed by United Co's sinking fd-.r
mortgage
Issue $600,000 reduced by sinking fd-.r
of 1875
$4,000,000 guaranteed by United Co s sinking fd.c*
Bessemer & Lake Erie—Erie equipment trust
Locomotive equipment trust-Standard equipment trust
Bessemer equipment trust, due $110,000 yearly....
Conneaut equipment trust
National equipment trust due $40,000 May yearly.
Bing &. Gar—1st M g gured llObeg’13 convJuly’ll-’14
Birmingham Belt—See St Louis A San Francisco
Birmingham Terminal—1st M $3,000,000 gold guar
Bloomsburg & Sullivan RR—First M $400,000
FP
Second mortgage Income non-cum $200,000—-FP
Boca & Loyal ton—First M $675,000 gold call 110..c*
Boonville St L & South Ry—1st M gold $1,000,000 _c*
Boston & Albany—Stock ($30,000,000 authorised)
Bonds (not mortgage) guaranteed prln A lnt
c
Bonds (not mortgage) $5,000,000
Bonds (not mtge) $2,500,000 (V 71,p 1218;V72,p.44)
Bonds (not mtge) $4,500,000 due 1934) gu p & 1__
Bonds (not mtge) $2,000,000

Date
Bonds

Par
Value

1906
1907
1889
1893
1909

1886
1892
1891
1901
1905
1901

1,000

605,000

50

6,000,000

1,000 Ac
1,000 Ac
1,000
1,000

49

1881
1909
1895

81
81
81
81

1885
1887
1893
1903

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1,000
50

29
29
56
44
392

1907
1898
1898
1903
1881

1,000
100 Ac
100 Ac

1,000
1,000
100

1,000
1,000
1,000
1,000

1902
1893
1901

*08-’09
—

500,000
749,000
500,000

973,000
1,220,000
150,000
1,060,000
1.1 no .non

BANGOR & AROOSTOOK RR.—(See Map.)— Oldtown, Me., northerly

Total June 30 1910

Miles.

La.

54.1
7.6
601.6

Northern Ry. of Maine was Incorporated with $510,000 stock to build
about 80 miles, connecting Van Buren, Ft. Kent and St. Francis, which
were mostly opened In Jan. 1910; other extensions by Bank. & Ar. aggre¬
gating 35 m. have been authorized. V. 85, p. 920; V. 89, p. 161.

ORGANIZATION.—Organized Feb 13 1891. State of Maine refunds
95% of all taxes levied. For organization see V. 66, p. 855
Owns entire
stock of and leases for 999 yeiars Northern Maine Seaport RR.. which In
Nov. 1905 opened extension from La Grange, Me., to Searsport, on Penob¬
scot Bay. 54 miles.
V. 81, p. 1549: V. 84. p. 693.
STOCK.—$2,983,800 as Increased In 1910 by $473,800, to build exten¬
sions.
V. 84, p.1549.
DIVIDENDS.—1H% semi-annually Jan. 1904 to Jan. 1905, both In¬
clusive; July 1906 to July 1910 4% yearly.
BONDS.—Piscat. DIv. 5s, see V. 67, p. 1159; V. 68, p. 84, 329.
Of the
oonsol. ref. gold 4s, $12,500,000 were reserved to pay oft the outstanding
bonds, including those of controlled roads, car trusts and pref. stock, ana
to acquire such controlled roads; $3,000,000 for Improvements over a series
of years and $4,500,000 for extensions at $25,000 per mile. Including equip¬
ment. V. 73, p. 286, 896; V. 74. p. 93. The Northern Maine Seaport bonds,
of which $4,562,000 issued ($5,000,000 authorized) are guaranteed. V. 81,
p. 265; V. 82, p. 392; V 84. p 391. 692: form of guaranty. V 81 p. 727.
The Washburn Extension 1st M. 5s of 1909 cover the road from Masardls
to Stockholm, Me., 48 m., with 7-m. spur, operated from June 20 1910.
V. 90, p. 848, 913.
The St. John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed prln. & lnt., are Issuable at $30,000 per mile, about 32 miles

being In operation and remaining 28 miles to be completed by Dec. 1 1910.
LATEST EARNINGS.—ri909-10..-Gross, $2,763,501; net, $1,127,635
11 mos., July 1 to May 31.\1908-09__.Gross, 2,654,734; net,
946,787

of 1909-10, $351,197; $137,668 In 1908-09.

ANNUAL REPORT.—Report for year ending June 30 1909 was In V. 89,
p. 1219, showing, gross, $2,916,815; net, $1,127,649; charges, $984,175;
dlvs. (4%), $100,400; bal., sur., $43,075.
In 1907-08, gross, $2,844,082;
net, $1,044,261.
Directors, Oct. 1908, V. 87, p. 1088.—(V. 90. p. 913.)

BARTLETT-FLORENCE RR.—V. 90. p. 1612.
BATH & HAMMONDSPORT RR —Bath, N. Y.. to Hammondsport, N
Y„ 10 miles. Control acquired by Erie RR. In 1908. Stock, $100,000.
Year ending June 30 1909, gross, $41,923: net, incl. other Income, $17,793;
lnt., taxes, Ac., $19,484; bal., def., $1.691.—(V. 79, p. 1954.)

BEAUMONT & GREAT NORTHERN RR.—Owns Trinity, Tex., to
Livingston, 33.43 miles.
Stock, $370,000, In $100 shares.
Guaranty Tr.
Co., N. Y.. mort. trustee.
V. 90, p. 235.
President, William Carlisle,
Atchison, Kan.; Sec., M. C. Booth; Treas., James H. Pearcy.
Office,
Onalaska, Tex.—(V. 90, p. 235.)
BEECH CREEK RR—(See Maps N Y. Central A Hudson River RR.)—
ROAD.—Jersey Shore, Pa., to Mahaffey, 112 m.; branches to Phlllpsburg,
to mines, Ac., 53 miles; total, 165 miles.
LEASE, Ac.—From Oct. 1 1890 leased to the N. Y. Cent. A Hud. River
RR. for 999 years at Interest on bonds and 4% on stock, and since May 1
1899 operated directly as a part of Its Pennsylvania division.
V. 68, p. 872.
Carries mostly coal and coke.
See guaranty. V. 52, p. 570.
The bonds are
endorsed with New York Central s guaranty of principal and Interest.
See V. 52. p. 570.—(V. 75, 1398.)
BEECH CREEK EXTENSION RR.—{See Maps N. Y. Cent. A Hud. Riv.)
—Clearfield, Pa., to Keating, 52.14; Curry to Curwensvllle, 15.77 m.; Har¬
mon to Irvona, 26.76 m.; Mahaffey to Arcadia, 12.95 m.; branches. 19.88 m.:
total, 127.5 miles.
A low-grade coal line leased to New York Central
A Hudson River Railroad (which owns the entire $5,179,000 stock and
$3,964,000 consol. 4s) for 999 years from June 1 1905, bonds being guar,
p. A 1.
Of the consols, part is reserved to retire, $ for $, old bonds. V. 80,
p. 1174, 1479; V. 81, p. 30; form of guar., V. 82, p. 1267.
(V. 82, p. 1267.)
BELLINGHAM BAY & BRITISH COLUMBIA RR.—Bellingham to Gla¬
cier, Wash., 44.16 m.; branch from Hampton to Lynden, 5.31 m.; spurs,
12.23 m.; yard track and sidings, 8.27 m.; total, 67.97 m. Stock, $1,000,000, all owned by New York and San Francisco parties.
Loans and bills
payable June 30 1909, $228,000. Year ending June 30 1909, gross, $234,363; net, $61,937; other Income, $1,121; lnt. and taxes, Ac., $59,958; bal..
•ur., 13,100.
Pres., H. H. Taylor—(V. 81, p. 840.)
BELT LINE RY. OF MONTGOMERY.—Owns real estate and a belt line
In Montgomery. Ala., about one mile of track on Tallapoosa,Bell, Perry and
Columbus streets.
Atlantic Coast Line RR.pays an annual rental of $15.Atlantic Coast Line RR. owns about 92% of the $200,000 stock; par.
531.
$100. The $200,000 6% bonds were paid off at maturity, Jan. 1 1910
V. 90, p. 107.
Year ending June 30 1909, gross, $18,049; net Income, $16,966; bond toterest, $12,000; balance, surp., $4,966.—(V. 90, p. 107.)
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS—Owns 14
miles of belt road Ac.
Leased for 999 years to Ind. Union—which see
DIV’ND—1 Preferred ln/Common '03. '04. ’05. '06. *07. *08. ’09. 1910.
Since 1897 __/full to date, istock.% 6H
7
8
8
11
12
6
6
In July 1909 $1,000,000 30-year 4% bonds were sold to retire the 6s due
1911.
V. 89, p. 40.
Pres., S. E. Rauh, Indianapolis, Ind—(V. 89, p. 40.)

g

text
4
4
4

3H g
5
5
5
5
5
5
6 g

4 g
1,500,000
5
351,700
5
199,600
5 g
524.000
6 g
400,000
25,000,000 See text
3,858,000
4
3.627.000
3H
1,000,000
A
11,500,000
See text

1910

g
g

4 g
5

1,253,000 See

2001000

to Yan Buren, with branches; total. 514.6 miles, viz.
Lines Leased—
Lines owned—
Miles
Oldtown to Van Buren
221.7 Northern Maine Seaport,
Ashland Jet. to Fort Kent
94.9
Grange to Searsport
Milo Jet. to Greenville
48.8 Spurs

mos.

See text.
300,000

500 Ac V 90,p 1674

1910

5
5
5
5
5
4
4
5
4

5.000,000
g
1.000,000
g
721,500
g
Stt g
3.500,000
4 g
3,964,000
5 g
659,000
1,000,000 6 In 1910
6
500,000
6
1,000,000

300,000
—

REPORT.—Report of old Co. for year end. June 30 1909, given in V. 89,
1066, shows: Oper. rev., $1,091,817; oper. inc., def. after taxes, $101,727;
Other Income, $698,412.—(V. 90, p. 166, 235. 625, 1101, 1295.)

Surp. after charges in 11

Payable

630.000
100,000
200,000

p.

South Lagrange to Packards.. 28.0
St. Johns River Extension
32.00
Masardls to Stockholm, Ac
55.0
59.5
Branches

When

%

$585,000

1,000
1,000

1905
1907

Rate

1,000
1,000
1,000

100 Ac

1902
1903

Amount

Outstanding

$1,000

50
50

Preferred stock cumulative
First mortgage for $1,000,000 currency
New mortgage, $1,000,000 gold




[Vol. t.xyyyt.

RAILWAY STOCKS AND BONDS.
Last Dividend
and Maturity

Places Where Interest and
Dividends are

Payable

D To June 1 1916 Brown Bros, N Y A Boat
O To Apr
do
do
1 1917
D June 11919
50 Churoh St, N Y
O Oct 1 1923
do
do
New York
J July 1 1939
July 1 1910 1 % Qrand Cent Station, N Y
<3 —J
A
do
do
J
J July 1 1936
A
do
do
J
J July 1 1936
Knickerbocker Trust,NY
A
J Jan 1 1940
J
A
A
Grand Cent Station, N Y
O Apr 1 1951
A
A
O Apr 1 1955
do
do
A
D Dee 1 1932
U S M & Tr Co, NY; ASF
J
A
J July 1 1910 3% Co's office, Indianapolis
J
do
do
July 1 1910 1 X
<3 —J
W H New bolds, Phlladel
M A
N Apr 301911
1939
J July 1 1945
Mercantile Tr A Dep.Balt
J
A
Seml-an. Dec 31 *09 5% Broad St Station, Phlla
M
A
do
do
S Sept 1 1925
do
F
A
do
A Feb 1 1927
do
do
A
Jan
1
1933
J
J
A
do and Bk Com,NY
J
J Jan 1 1943
M A
Home Tr Co. Hobok, N J
S Mch 1 1922
M A
do
do
S Mch 1 1913
do
do
A
A
o Apr 1 1925
s Mch 1918-1927
do
do
M A
A
A o
M A N May 1911-1915
J
A
J July 1 1920

J
A
J
A
J

A
A
A
A
A

A
S
A
J
A
J
A
o
A
A
Q —M
A
A
O
A
A
O
A
J
J
M
A
N

M
J
J
A
F

4

ult’l Tr Co, New York
T A S D Co, Phlla
Reg Bloomsburg, wh earn

Mch 1 1957
Jan 1 1928
Jan 1 1928

USMATr.NY; ASF

Apr 1 1923

Amer Exch Bank, N Y
Aug 1 1911
J’neSO'10 2 M% Office, Term Stat’n, Bost
do
do
Apr 1 1952
do
do
Oct 1 1913
Jan 1 1951
do
do
do
do
May 1 1932-34
1935

BELT RAILWAY (OF CHATTANOOGA, TENN.)—Owns 49 miles of
Chattanooga. Tenn. V. 67, p. 72.
Leased till July 1 1945 to Alabama Great Southern RR.; rental guaranteed
to meet Interest on first mtge bonds, taxes and maintenance.
STOCK
is $300,000. owned by Alabama Great So. Ry.
There are also $24,000 2d
M. 4s. due 1945, redeemable at par; coup, paid Jan
'01 to Jan *10 Incl.
BELVIDERE DELAWARE RR —Owns from Trenton. N. J., to Manunka Chunk. N. J., 67 miles; Flemlngton RR. Ac., 14 miles; total operated,
81 miles.
Leased to United Companies, and transferred to Pennsylvania
RR. March 7 1876.
Net earnings paid as rental.
Dividends.—1897 to 1906, 5% yrly; '07 to '09,10% yrly; Dec. '09. 5%
(s-a.); 1910, June, (?)%.
BONDS.—All of the outstanding bonds are secured by the consolidated
mtge. of 1875 for $4,000,000; sinking fund, 1% of outstanding bonds If
earned.
The Issues of 1885,1887 ana 1903 are guaranteed by the United
New Jersey RR A Canal Co.
Guaranty. V 76 p. 918.
EARNINGS.—In 1909, gross, $1,773,860; net, $323,002; other Income,
$37,703; interest, taxes, dec., sinking fund and other charges, $211,113;
dividends (10%), $125,300; surplus, $24,291.—(V. 84, p. 748.)
BENNINGTON & RUTLAND RY.—See Rutland RR.—(V. 70. p. 685.)
belt railroad In

BERKSHIRE RR.—State Line, Conn

,

to Mass —N. Y. State Line

23 miles; Vandeusenvllle. Mass., to Pittsfield, 22 miles; total, 45 miles.
A
consolidation In 1905 with Stockbrldge A Pittsfield and West Stockbrldge
RR
V. 80, p 2219.
Leased AprU 1 1893 for 99 years to N. Y. N. H. A
H. RR. for expenses, taxes and 6% on stock, paid Q-J 15 at Housatonlc
National Bank, Stockbrldge, Mass. Stock, $1,078,700, of which N. Y. N. H
A H. June 30 1909 owned $816,000.—(V; 80, p. 2219.)

BESSEMER & LAKE ERIE RR.—Leases Pittsburgh Bessemer A Lake
Erie RR., Bessemer, near Pittsburgh, Pa., to Conneaut Harbor, Lake Erie,
Ac., with branches, a total of 209 miles, for 999 years from April 1 1901;
owns 9 miles; total, 218 miles.
V. 72, p. 137.
Stock, auth., $500,000.
Controlled by the Carnegie Co. and so by U. S. Steel Corporation.
Guar¬
anty of Marquette A Bessemer Dock A Navigation bonds, V. 77, p. 1228;
V. 76, p. 1358; V. 82, p. 160.—(V. 82, p. 160.)

BINGHAM & GARFIELD RY.—V. 90. p. 1674.
BIRMINGHAM & ATLANTIC RR.—Talladega to Coal City, Ala.. 31
miles; branches, Rogans to ore beds, 9 miles, and Furnace to Welslngers,
3 miles; total, 43 miles.
Stock, $1,000,000, all common; par of share*,
$100.
Bonds, $500,000 40-year first 6s due Nov. 1 1931 ($1,000 each);
Interest, payable MAN, In default.
Year ending June 30 1908, gross.
$32,571; net Income. $6 449; taxes, Ac., $2,761; bond Interest, not paid.
Pres., Sidney H. March; Sec. A Treas., John Carlsen, 25 Broad St., N. Y.
BIRMINGHAM TERMINAL CO.—Has under construction passenger
terminals at Birmingham. Ala.
Stock all owned by the Illinois Central,
Southern Ry., Seaboard Air Line, Central of Georgia, St. Louis A San Fran¬
cisco and Alabama Great Southern, which jointly guarantee the bonds.
Of the bonds ($3,000,000 authorized) $1,500,000 are reserved for additional
V. 83, p. 1227; V. 85, p. 404. Guaranty, V. 90, p. 848.—
properties.
(V. 90. p. 848.)

BLOOMSBURG A SULLIVAN RR.—Owns Bloomsburg to Jamison City,
Stock Is $600,000; par. $50.
V. 66. p. 80, 952. Year
ending June 30 1909, gross, $91,203; net, $37,882; other Income, $3,663;
lnt., taxes, Ac., $41,353; balance, surplus, $192.—(V. 66, p. 80, 952.)
Pa., 29 miles.

BOCA & LOYALTON

RR.—Owns from Boca, on Central Pacific main

line, northwesterly via Loyalton to Beckwith. 40 miles; 6 miles additional
main line and 10 miles of branches; total, 56 miles.
The Den. A Rio Gr.
June 30 1908 owned 51% of stock.
Stock, $1,200,000; par of shares, $15.
Bonds cover also Roberts Lumber
Co.'s property, comprising 52 769 acres of pine lands, water-works, Ac.
Mercantile Trust Co. of San Francisco Is mortgage trustee.
They are sub¬
ject to call for sinking fund at 110 and Interest. V. 76, p.1191.
For year
ending June 30 1909, gross, $201,645; net, $98,270; charges, $80,002; bal.;
sur., $18,268.—(V. 81, p. 667.)

BOLIVIA RY.—V. 89, p. 1667; V. 90, p. 107.

BOONVILLE ST. LOUIS & SOUTHERN RY.—Boonville to Versailles.
In July 1909 an extension of lease to Mo. Pac. had been
arranged for 99 years from July 1 1910 at annual rental of $25,000, taxes,
expenses, Ac.; also a new Issue of $400,000 of 99-year bonds bearing a lower
rate of interest to refund the old 6s due Aug. 1 1911.
V. 89, p. 284. Stock,
Mo., 44 miles.

$250,000; par of shares, $125.—(V. 89, p. 284.)
BOSTON & ALBANY

RR.—Owns from Boston. Mass., to Albany. N. Y.;

200 miles; branches, 104 miles; leased lines, 88 miles; total, 392 miles.
Leased in 1900 for 99 years to the New York Central A Hudson River RR.
for guaranteed rental of 8% per annum on the $25,000,000 stock,payable

quarterly (March 30, Ac ), organization expenses. Interest on bonds, taxes,

The B. A A received for certain property
expenses of maintenance, Ac.
not Included in the lease
In N. Y. Central 3H% 100-year deben¬
tures, thus adding .77% per annum to 8% guaranteed on stock.
See lease

$5,500,000

In V. 69. p. 282; V.69,p. 1061,1102 1246; V. 70. p. 74; V.71, p. 645.963.
In 1908 $7,000,000 25-year 4'’0 bonds were sold, guaranteed prln. and
lnt. by New York Central A Hudson River Rk.
No mortgage can be
nlaepd on the nrnnertv vlthout lolntlv In^'Midlne- the
In the lien
V. 86, p. 1099.1158.1466.1528: V. 88. p. 99.
In June 1909 Issued $4,500,000 25-year 4% bonds for additions and lmprov’ts and In June 1910 received
permission to Issue $2,000,000 25-year 4s. V. 88, p. 1060; V. 89, p. 102;
V. 89, p. 161; V. 90, p. 1169, 1162.

DIVIDENDS—Since 1900, %%%, viz., 2% each In March and Sept.,
2H% In June and 2M% lu Dec.
EARNINGS as reported to State Railroad Commission by lessee:
Calendar
Oper. Inc.
Operating
Other
Interest,
Balance;
Year—
Revenues,
(after Taxes). Income.
Divs.,Ac
Deficit
1909
$13,027,765
$2,796,287' $149,009 $3,523,130 $577,834
1908
11,098,074
1,452,089
96,783
3,173,050 1,624,177
—(V. 88, p. 99, 1060, I486; V. 89, p. 102, 161; V. 90, p. 1169, 1612.)

July, 1910.]




RAILWAY STOCKS AND BONDS

17

.

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

60s it Low—Stk auth ($7,119,400)1
Bonds 2C
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds
Bonds

do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do

----

1892
1893
1895
1896
*97-’98
*99-’01
1903
1905
1906
1907
1909

See description
In * ‘ Investors'

Supplement”

of Apr., 1895,
p. 2.
C*-.. Boston AMalne
gives a rental
----

guaranty for 99

C--.-

Date
Bonds

years.

Par

Amount

Rate

When

Value

Outstanding

%

Payable

1887
1892
1894
1900
1901

Improvement bonds s f not mortgage or sub] to callBonds (not mortgage) for Improvement A ref__cAr

exchanged for Fitchburg stock (V 70

p

175)

Bonds (not mortgage), $1,000,000 ...
Bonds $2,000,000 (not mortgage)
Bonds (not mortgage), 20 -year
Bonds (not mortgage), currency

_

—

c&t

Portsmouth Great Falls A Conway 1st M assumed..
Boston & Providence—Stock 10% guar 99 yrs Old Col

Boston Revere Beach & Lynn—Stock
1st M(V 65,p 68; V 83,p $79)$1,000,000 g..SB.c
Boston Terminal Co—First mortgage curr
OB.cAt
Brinson Ry—1st M, $2,250,000, gold red 110..
c*
Brunswick A Western—See Atlantic Coast Line RR
Buffalo Cr—Con (now lst)M $1,000,000 g lnt as rent.c
Buffalo New York & Erie—See Erie Railroad

B R 6b P first gen

mtge ($10,000,000) gold.

B R 6b P consol mtge

$35,000,000 gold--Ce-x.c*Ar

73
68

1903
1905
1906
1909
1877

9

6

109
260
275
10
348

1,000
1,000 Ac
*
000 Ac

1891

1,000

100 At

54 Total operated July 1 1909
2,288
2d track (3d 6e 4th track, 10) 564
96 Controls Maine Cent. System. .1,164

ampton. Mass
St. Johnsbury 6b Lake Champ. 131
Sundry branches.
148
York Harbor A Beach
11
a See this company.
Lines leased,
Vermont Valley
Boston 6b Lowell
a469
24
Sullivan County
26
a478
Concord 6b Montreal
In Feb. 1910 the Boston Railroad Holding Co. (which see below) had
.

acquired in the Interest of the N. Y. N. H. A H. 51% of B. A M. stock.
boston 6s Maine guarantees $1,328,000 first 5s of St. Johnsbury & Lake
Also Interest on $274,000 Manchester A Lawrence 4s
Jointly
with Maine Central guarantees $300,000 Portland Station bonds
In 1910 purchased $1,733,100 of the $3,099,800 Wore. Nashua A Roch.
stock.
V. 90, p. 625.
’09.
1910.
Jince’92f *93. *94-’98. ’99. ’00 to July ’08. 1908.
6
Common
%\ 8 6 y’ly. 6M
7 yearly.
Oct., 1)4 6
BONDS.—As to debentures, see Issue of April 1895.
EARNINGS.—11 mos., j 1909-10..Gross, $39,692,974; net, $11,436,310
July 1 to May 31.
\ 1908-09..Gross, 36,079,826; net, 10,406,143
For 9 mos. ending March 31 1910, net, $9,308,852, against $8,227,002 In
1908-09; other Inc., $322,384; charges, $7,678,533; bal., sur., $2,152,703.
ANNUAL REPORT.—Annual meeting second Wednesday In Oct.
Re¬
port 1908-09 In V. 89, p. 841.
Comparisons with 1906-07 are Inaccurate.

Champlain

Mall, express, 6bc

.

Total operating revenues
Net Income (after taxes)

1907-08.

1908-09,

$13,629,661 $13,844,226 $13,763,696
24,780,454 22,486,065 23,014,439
2,660,458
2,750,563
2,650,410
$41,060,525 $38,990,749 $39,528,698

$9,064,135 $10,177,225
5,930,265
6,542,734
1,769,905
1,859,357
80,537
41,099
188,988
188,988
6%
(7)1,891,633 (6)1,628,373
Balance.
a def.$1,409,662 sur$529,143
a Decreased $543,206 from “conting. fund,” leaving def. $866,456.
OFFICERS.—Pres., Lucius Tuttle; 4th V.-P. and General Auditor,
W. J. Hobbs; Treas., Herbert E. Fisher.
Office, Boston.
Directors.—Chas. S. Mellen, Samuel Hemingway, New Haven, Conn.;
J. P. Morgan, New York; Lucius Tuttle, Richard Olney, J. M. Prendergast,
Alexander Cochrane, Amory A. Lawrence, Boston; Robt. M. Burnett,
Southboro, Mass.; Walter C. Baylles, Taunton, Mass.; Philip Dexter,

Rentals,

$9,825,586

sinking fund, &c

Interest accrued
Additions and betterments
Dividends on preferred stock,
Dividends on common stock

Beverly, Mass.;

Theo. N. Vail, Lyndon, Vt.; A. W. Sulloway, Franklin,

N. H.; Wm. Whiting, William Skinner, Holyoke, Mass.; Fred. C. Dumaine. Concord, Mass.; Edwin F. Greene, Wayland, Mass.; Fred. E.
Richards, Portland, Me.; Edward P. Ricker, South Portland, Me.
(V. 89,
p.1846, 992, 1346; V. 90, p. 235. 446, 501, 625.)
BOSTON & PROVIDENCE RR.—Owns Boston Mass., to Providence,
R. I.. 44 miles; branches 20 miles.
Leased 99 years April 1 1888. to Old

Colony RR.; rental 10% yearly on stock. In June 1907 a law was signed
permitting consolidation with Old Colony RR.—(V. 84 p. 1487.)
BOSTON RAILROAD HOLDING CO.—Incorporated in Massachusetts
June 18 1909 under special Act with power to hold securities of Boston A
Maine.
The $100,000 original stock Is to be held by the Incorporators or
their successors.
See law, V. 88, d. 1618.
The N. Y. N. H. A Hartford
will own or control the remainder of the stock.
On Oct. 4 1909 took over $10,994,800 B. & M. stock at $140 per share,

payable $15 In stock and $125 In 4% 50-year bonds redeemable at 105,
calling for $1,649,000 stock and $13,743,500 bonds. V. 89, p. 161, 528.
In Oct. 1909 asked permission to purchase $1,575,500 additional B. A M.
common stock at $154 per share, payable $125 In 4% bonds and remainder
In stock; also $582,600 pref. stock at $162, payable $125 In 4% bonds and
$37 In stock, and In Feb. 1910 $2,786,800 in com. and $71,700 pref. stock
at $155 and $162 per share, respectively, payable $125 per share in bonds
and remainder In stock, making a total of $15,357,100 B. & M.common
out of $28,271,790 outstanding and $654,300 pref. out of $3,149,800 to be
owned, or 51% of the entire B. AM. stock.
This Increased the company’s
stock to $3,106,500 and the bonds to $20,012,000.
V. 89, p. 992; V. 90,
p. 446, 501, 771.
In June 1910 Mass. Legislature authorized the company to Issue non¬
voting pref. stock guar, by the N. Y. N. H. A H. and secured by an equal
amount of B. AM. stock, the pref. stock to take the place of bonds previ¬
k
ously Issued.
V. 90, p. 1612; V. 91, p. 153.




^

J

6,012,000

1,000 Ac

—

4
4

5 g

J

10.500.000 4 In 1909
6,000.000 6 In 1909
6 g
1.300.000
3 g
3.920.000
5 g
4,427,000
350.000
5 g

1,000
1,000
1,000

BOSTON 6c MAINE RR.—ROAD.—The system with Its many branch
covers the territory from Boston, Mass., to Portland, Me. (two divi¬
sions), Springfield, Mass., Sherbrooke, Can., Rotterdam Jet. and Troy
N. Y.. Worcester, Mass., to Portland. Me., and most of New Hampshire.
Lines leased—(Concluded).
Miles.
Miles
Lines owned.
Fitchburg
u458
Boston, Mass., to Portland, Me.,
al5
via Western Division
115 Nashua 6b Lowell
Boston to Portland, Eastern DIv. 108 Worcester Nashua 6b Rochester. a§4
Connecticut River RR
a81
Conway June., Me., to North
72
Conway, N. H
73 Other
Portsmouth Electric Ry_
9
18 Trackage rights
Portland, Me., to Rochester,

1906-07.

1,000,000

100
100
t.000

lines

4
4

J
O
J
N
S
N
J
O

.

1897
1897
1908

1881
1882
1887
1889
1907

3X
3)4
3)4

J July 2 1910
O Apr 1 1932
A Feb 1 1913
S Mch 1 1915

A
A
A
A
A
A
A
A
A
A
A
A

A
A
F
F
A
A
A
J
6,000,000
4)4 g J
A
3 g
J
5,454 000
J
A
N
M
1,000,000
3)4
A
J
J
2,000,000
3H
A
A
F
500.000
3)4
4
M
A
S
10,000.000
A
A
O
11,700,000
4)4
A
D
J
1,000,000
4)4
10
4,000,000
Q—J
4
J
A
J
2,170,000
A
850.000 6 In 1910 J
J
A
J
J
850,000
4)4 g
Text
14,000.000
3)4
See text
N
5 g
M
&

1,919,000
2,500,000

1,000
1,000 Ac
1,000
1,000
1.000
1,000
1.000
1,000 Ac
1,000 Ac
500 Ac
100

—

A
F
M
J
A
J
M
M
M
J
A

Places Where Interest and
Dividends are Payable

4% At Office, Boston
do
do
do
do
do
do
do
do
do
do
do

July 1 1916
Oct 1917 A 1918
1919 A 1921

May 1 1923
Sept 1 1925
Nov 1 1926

do
do
do
do
do
do
do
do
do
do

'

100

’88*’93

J

8
4
4
4
4
4

Last Dividend
and Maturity

July 1 1927
do
4
April 1 1929
Oct 1 1910 1 X % At Off .Cause way St. Bos
28,841,690 6 In 1910
3—J
do
do
A
6
M
S Sept 1 1910 3%
3,149,800

100
100

sumpslc, 146 miles; Nashua 6b Lowell, 15 miles; Peterborough, 10 miles;
Northern N. H., 83 miles (and subsidiary lines 90 miles): Stony Brook RR..
13 miles; Wilton RR., 15 miles. Leases mostly assumed by Boston6bMaIne.
Leased In 1887 for 99 years to the Boston A Maine at 7% per annum on
stock till Jan. 1 1897 and 8% thereafter.
The stockholders voted Jan. 5
1910 to Increase stock from $6,849,400 to $7,119,400, the $270,000 new
stock being sold March 9 1910 for additions and Improvements.
V. 89,p.
1667; V. 90. p. 625, 696.—(V. 90, p. 108, 625, 696.)

Passenger
Freight

1,000,000
1,000,000
500,000
750,000
414,000
939,000
250,000
500,000
500,000
325,000
350.000

1,000
1,000
1,000
1,000
1,000
1,000
1.000

BOSTON & LOWELL RR.—ROAD.—Owns Boston to Lowell. 26 miles:
branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles,
others, 45 miles: Middlesex Central, 11 miles; leases—Connecticut 6b Pns-

N.H
North Cambridge Jet. to North¬

$7,119,400

$100
1.000
1,000
1,000
1,000

*

Bonds

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS,

18

F
F
F
J
M
J
4)4 g M

Feb

Jan

A
A
A
A
A
A
A

A
A
A
D
S
J
N

1 1944

July 1 1950
Nov 1 1921
Jan 1 1923
Feb 2 1925

Sept 1 1926
April 1 1929

New

York

do
do
do
do
do
do
do
do
and Boston
do

de
July 1 1910 2H Boston Term,
do
July 1 1918
June 1 1937

Room 424
do

July 1 1910 3% Office, or checks mailed
State St Trust Co, Boston
July 15 1927
Feb 1 1947
State National Bk Bost
savannah
(Ga.) Tr Co
May 1 1938

J Jan

A

do
do
do
do
do
do
do
do

1 1937

Aug 1 1942

1 1941

Treas., 50 Church St.NY

Feb 15 1910 2% 36
Feb 15 1910 3%
Feb 1 1921
Dec 1 1922

Sept 1 1937
Jan

1 1939

May 1 1957

Wall
do
do
do
do
do
do

New York
do
do
do
do

St,

do
do

The Btllard Company, an allied B. A M. holding company. In Oct. 1909
Increased Its share capital from $50,000 to $2,000,000.
Pres., Frederic C. Dumalne, Concord, Mass.; V.-P., Walter C. Baylles,
Boston; Sec., Robt. M. Burnett, Southboro, Mass.—(V. 91, p. 153.)

REVERE BEACH & LYNN RR.—Owns narrow-gauge road
East Boston, Mass.. 9 miles, connecting with Boston by com¬
pany’s ferry-boats; Wlnthrop Division, East Boston to Wlnthrop. 5 miles.
In Sept. 1908 $379,100 stock was acquired by Estabrook A Co.
V. 87, p.
$676.
Notes payable July 1 1909, $290,000.
BOSTON

from Lynn to

DIVS.l’88-’91. ’92. ’93. '94. ’95. ’96. ’97 to ’05. '06. ’07. ’08. ’09. 1910.
P. c__j7 yrly. 5^4
6
5
6
6
4)4
4
3
2 yearly. 4
5
Yr. end. June 30— Oross.
Net.
Int.Ataxes.
Divs. paid. Bal.,sur.
1908-09

$121,533

$863,475

$69,493

(6%)$51,000

$40

1907-08
834,021
123,415
71,332
1,083
(6%) 51,000
—(V. 81, p. 1722; V. 83. p. 270, 379; V. 84. p. 1365; V. 87. p. 676.)
BOSTON TERMINAL CO.—Owns Southern Union Depot In Boston
opened In 1899. V. 68, p. 40; V. 69, p. 591. Boston A Albany. New Eng¬
land, Boston A Prov., Old Colony ana N. Y. N. H. A Hartford RR Cos.
each owns one-fifth of the $500,000 capital stock and pay as rental in monthly
Installments sums sufficient to pay all expenses, charges. Interest on bonds
and 4% on stock.
These companies are jointly liable for any deficiency in
case of foreclosure.
Reg lnt. payable Q F; coupons FAA.—(V. 87. p 224.)

BRINSON RY.—Owns Savannah, Ga., to Mill Haven, 72 miles, com

fleted
June
Sept.
Projected
extend from
Savannah
to Athens,
180 and
m.
19101909.
the company
to Issue
$1,000,000
wastoauthorized
common
n

$500,000 pref. stock and $420,000 bonds.
V. 90, p. 1674. Stockholders
April 6 1908 authorized an Issue of $2,250,000 bonds at $10,000 p. m. for the
first 100 miles and $15,000 p. m. for remainder of road. V. 86, p. 720, 1158.
Pres., Geo. M. Brinson.
Office, Springfield, Ga.—(V. 86, p. 720, 1158;
V. 88, p. 944; V. 90, p. 1554, 1674.)
BUFFALO CREEK RR.—Owns 6 miles of terminal road In Buffalo, N.Y.
In December 1889 leased for term of charter less one day to the Lehigh Val¬
ley and the Erie RR., which together own entire capital stock of $250,000.
Rental Is Interest on bonds and 7% on stock.—(V. 84, p. 50.)

BUFFALO ROCHESTER & PITTSBURGH RAILWAY.—(Sec Map.) —
Operates from Buffalo and Roch.. N. Y.,_to bituminous coal regions.
Lines owned in fee—
Miles.
Trackage (Concluded)—
Miles.
Willow Grove to Pittsburgh, PaBuffalo Creek, N. Y., to Mt
7
Jewett Pa
100 Penn. RR.—Penn. RR. Jet. to
Shuman Run Y, Pa
19
Clarion Jet. to Lindsey, Pa.
60
,

_

Rochester to Ashford,

N.Y.

-

..

—

94 Other

6

Leased—Stock not owned—

Charlotte, N. Y., to Lincoln Park 10
Indiana Branch
63 Allegheny A Western—a
Punxsutawney to Butler. Pa.,
Five branches
20
Ac
66
Trackage—
Erie—Mt Jewett to Clarion Jet-. 21 Clearfield A Mahoning—a
Clearfield
to
Beech
Creek
26
RR..
Baltimore A Ohio—
2
Butler, Pa., to Newcastle
41 Mahoning Valley RR
Rlbold Jet. to Allegheny City.. 33
Total July 1909 (a See separate statement for this company)
568
ORGANIZATION. ETC.—-Successor In March 1887 to the Rochester A
Pittsburgh, which was foreclosed In Oct. 1885, per plan In V. 41, p. 516.
The entire capital stock ($4,000,000) of the Rochester A Pittsburgh Coal
A Iron Co. was owned (V. 66, p. 1088) and through that company in May
1896 control was acquired of the Jefferson A Clearfield Coal A Iron Co. (see
that co. under “Industrials”) with $3 000,000 stock.
In 1906 the stock
of the Roch. A Pitts. C. A I. Co. was transferred (subject to the lien of the

Investment ofCo.,$4,125,000
funeral
zed stock
mtge.)
to the
Mahoning
having $4,200,000
In $100
shares,
In consideration
stock, theauthorlatter
being distributed Dec. 1906 pro rata In proportion of 25% among the
Ry. common and preferred stocks. V. 83, p. 1468. V. 85 p.

holders of

414, 415, report, V. 87, p. 542.
For bonds of these coal companies see
Ml^el Cos.
Clearfield A Mahoning securities are guaranteed; Allegheny
A Western, see that company.
DIVS. 1 ’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04 to'06. ’07. '08. ’09. 1910.
Pref_ (%) 11
6 yearly 6
6 Feb.,3
226666
6
Com. (%)J
4
4 5 )4 6 yearly 5)4 4 )4 4 Feb.,2
The Mahoning Investment Co. In Aug. 1907 and March 1908 also paid 2%
V. 88, p.685. Compare
dividend on its stock; Aug. 1908, 2%; 1909, none.

“Organization” above.

V. 85, p. 283.

«

BONDS—General 5s for $5,573,000 are reserved for prior bonds. Ae
The $35,000,000 50-year consols are to bear not over 4)4% lnt., $3,000,000 were Issuable at once, $18,145,000 to retire underlying obligations at
or before maturity and the remaining $13,855,000 to be reserved for future
requirements after July 1 1908 at not over $1,500,000 yearly In 1908 or
subsequent calendar years, or such larger amount In any year as stock¬
holders may authorize.
In Feb. 1910 permission was given to sell $1,277,000 bonds for improvements during the calendar year, making $6,012,000
bonds outstanding.
V. 84, p. 867, 1306; V. 85, p. 39, 414; v. 86, p. 336:
V. 87. p. 1009; V. 90, p. 371, 558.
A sinking fund of 5 % will retire series A, B A C equipment bonds annually
on May 1, If purchasable at or below par; otherwise to be applied to the pur¬
chase of additional equipment.
V. 68. p. 1131; V. 71, p. 501; V. 73, p. 348.
Series D and E have an annual sinking fund of 6% for purchase 01bonds

Sept. 1 and May 1,

respectively, at 105 and Interest; if not purchasable,

bonds may be drawn by lot; Series E may also be called as an entirety at 105.
Series F may be purchased by sinking fund at not over par or drawn by lot
at par and may also be drawn at 102 and Interest on any Interest day. v.84,
p. 1365; V. 85, p. 283, 414, 863.
Series G have an annual sinking fund
equal to 6% of bonds Issued, but cannot be called. V. 89, p. 468. Real
estate mtges., 5)4%. $60,000.

EARNINGS.—11 mos.,/1909-10—Gross, $8,097,297;
July 1 to May 31.
11908-09...Gross, 6,449,472;

net, $2,798,964
net,
2,088,419
For 6 mos. ending Dec. 31 1909, net, $1,856,098, against $1,126,687 in
1908; outside operations, $501; taxes, $78,000; other Income, $166,072;
lnt. and rentals, $922,691; pref. div. (3%), $180,000;fcom. dlv. (2%),

$210,000; bal., sur., $631,974.

£”jg|ga|B|

ARSBATOINLWCDKYS

19 0.]

July,




20

RAILWAY STOCKS AND RONDS
RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

Miles
Road

first page]

Buff RAP (Con) Equip bds $500,000gold s f Ser A. G.c*
do
do
BA C( $995,000 Ser B)each gold s f. 0
do
do
D $2.000,000 gold red 105 sink fund..
do
do

do
do

do

do

E $2.000,000 gold red 105 sink fund..
F $3,000,000 gold red sinking fund
G $3,000,000 gold sink fund
G
_

Buffalo ft Susquehanna RR—common stock

_

Date
Bonds

Par
Value

Preferred stock non cum guaranteed 4%
K
First Mgold sinking fund redeem at par
Me c*Ar
First refunding mortgage gold (see text)..Mo.c*Ar
Buff ft Susq Ry—Receiver's certfs $750,000 authred 101
First M $6,000,000 gold
-_Us.c*Ai
Equipment trust bonds $44,000 due seml-an. Usm.c
do
do
Ser B (V 85 p 39) $27,000 s-a.. Usm
do
do
Ser O (V 85 p 283) $45,000 s-a.PeP
do
do
Ser D $15,000 semi annually
Bullfrog-Goldfield RR—See Tononah A Tidewater R\

Pennsylvania A N W

M $2.500,000
Cambria A Clearfield general mortgage gold
Camden ft Burlington County—Stock 6% guaranteed
First M g gu p A I by Un N J RR A Can Co..GP.c*
Canada Atlantic—Con (now 1st) Mggup Al
Pemb South 1st M, guar
Central Counties first mortgage Interest rental
Mffhig*n ft Chicago—1st M (see V 63 p 838)
Canada Southern—Stock—
1st M ext in 1908 (Can money)
Second M for $6,000,000 (Can money)
do
cAt
Leamington A St Clair 1st M g gu p A I (end)...c*
Canadian Nor—L Man Ry A Can Co *8 000 p m]OiiAr
Canadian North Dlv $8.000 per mile
I by
Manitoba A S E (assumed, $8,000 per mile) Man.
Gilbert Plains Branch $8,000 per mile
i. Govt
gen

..

“37

1,000

1,302,000

1,000

1.618 000

1,000

1909

1,000

2,661,000
754,000
4,656,900
4,000,000
61.500
9,510,000
383.000
6,000.000
519.000
378,000
675,0Q0
225,000

50
50

i893

500 Ac

1901
1910
1903
1906
1907
1907
1907

1,000 Ac

I,odd

Ac

1,000
1,000
1,000
1,000

1882

500 Ac

1886

500 Ac

1890
1905

1,000

1897
1905
1906
1909

457
404
404
16
125
177
108
27

1,000

$

25
1.000
or £

£100
1,000
100

1878
1883
1895
1896
1899

$1,000
1,000 Ac
1.000

1899

1900

Yr.end.June30. 1908-09.

1907-08.

Int.onbonds_$l,126,415 $1,103,664
12,484
13,203
5,522,679 MiscellaneousDlv.onpf.stk.(6) 360,000
360,000
Div.
on
com.
Oper. Income.$2,373,092 $1,961,349
stock
Net (incl. other
(4)420,000 (5)525,000
income
2,809,905 2,787,451
Rentals
641.067
647.595
Bal., surp.. $249,939
$137,989
Adrian Iselln Jr., N. Y.; V.-P., W. Emlen RooseOFFICERS.—Pres
J. F. Dinkey,
velt, N. Y.; V.-P. & Gen. Mgr., W. T. Noonan; Treas
Rochester; Sec. & Asst. Treas., Ernest Iselln, N. Y.
Directors—Henry G. Barbey', A. Iselln Jr., Wm. E. Iselln, A. Lanfear
Norrie, Walter G. Oakman, C. O’D. Iselln, W. T. Noonan, George Emlen
Roosevelt. W. Emlen Roosevelt, Ernest Iselln, Oscar Grisch, Samuel Woolverton and Harry Yates.
N. Y. office. 36 Wall St.—((V. 90, p. 371,558)
BUFFALO ft SUSQUEHANNA RY.—Company owns from Wellsvtlle. N. Y., to Buffalo, 86 miles, and leases the Buffalo A Susquehanna RR.
for 999 years from July 1 1907 _or Interest on bonds and guaranteed divi¬
dends of 4% yearly on the capital stock.
By this lease and Its ownership
of the entire com. stock of the B. A S. RR., the company controls road ex¬
tending from Wellsvllle, N. Y., to Sagamore, Pa., about 60 miles north of
Pittsburgh, which, with Its several branches, has a total mileage of about
270 miles.
Total mileage owned and leased, 362.

Op.exp.Ataxes 4,798,805

The plants of the Buff. A Susq. Coal A Coke Co. and of the Powhatan
Goal A Coke Co. (V. 75 p. 022; V 79, p. 2061. 2091-92) are located on the
The Buff. A Susq. Iron Co., merged In Rogerslines of the B. A S. RR.
Brown Iron Co. April 1 1910, which owned 2 blast furnaces at Buffalo,

acquired Its entire supply of coal and coke from the plants of the Powhatan
Coal A Coke Co.
See V. 75, p. 922; V. 79, p. 2061, 2092.
Connection Is
made at Buffalo with the Buffalo A Susquehanna SS. Co.
Receivership.—On May 2 1910 Harry I. Miller was appointed receiver,
Interest on first 4 Hs being In default.
Foreclosure pending. V. 90, p. 1238.
In July 1910 $750,000 receiver’s certfs were authorized, present issue
$383,000, ranking ahead of 1st 4 Xs.
V. 91, p, 153, 214.
Committee Jor First 4 Xs.—William Salomon, Chairman; Geo. G. Henry,
25 Broad St., Sec.; Bankers’ Trust Co., depositary.
V. 90, p. 1238.
STOCK.—Authorised, $10,000,000; Issued. $10,000,000; par *100
BONDS.—The first 50-yr. gold 4)js (authorized Issue *6.000,000, all
outstanding) are secured by a first lien on the terminal property at Buffalo
and the 86 miles of railroad in New York State; also by deposit with the
trustee of all the $4,656,900 com. stock of the Buff. A Susq. RR. Co.
V.
74. p. 1040.
See V. 76. p. 593: V. 79. p. 2695.
EARNINGS.—10 mos.,/1909-10.
Gross, $1,819,718; net, $54,854
July 1 to Apr. 30.
\ 1908-09
Gross, 1,908,460; net, 294,535
REPORT.—For year ending June 30 1908 in V. 88. p. 448 (355 average

mtles), showed gross revenue, $2,024,888; net over taxes, $167,370: other inoome, $443,329; Interest, rentals, Ac., $1,205,625; bal., def., $594,926.
Partial Statement of Entire System—Year ending June 30 1909.
Fiscal
Operating
Net (after
Other Inc.
Other Inc.
Gross CorYear.
Revenue.
Taxes.)
{.Operation). (Investm’ts). poratelnc.
1908-09...$2,299,294
$290,130
$124,141
$146,194
$560,465
1907-08... 2,025,472
119,120
167,244
138,060
424,424
OFFICERS.—Pres., Chas. W. Goodyear; Sec. and Treas., F. A. Lehr.
Office, 962 Elllcott Square, Buffalo, N. Y.—(V. 91, p. 153, 214.)
BUFFALO & SUSQUEHANNA RR.—Company owns from Saga¬
more, Pa., to Wellsvllle, N Y., with several branch lines, including 17 miles
trackage. Total mileage, 270.
From July 1 1907 the company was leased
to the Buff. A Susq. Railway for rental of lnt. on bonds and dlvs. of 4% on
capital stock, but rental Is In default.
On July 23 1910 H. I. Miller, who
In May 1910 was appointed receiver of the railway, was also named as re¬
ceiver of the railroad co. V. 85, p. 1266; V. 90, p. 1238.
Stock.—Common stock, all except directors’ shaies. owned by B & S.
Ry
$4,656,900; par of shares $50.
Pref., $4,000,000 4% non cum ; par,
$50.
See application to list, V. 78 p. 2389; V. 82. p. 568
Dividends.-^-On com., 4% In 1895 and 5% yearly to 1907; in 1907, 4%
paid Q.-J. Under lease to B. A S. Ry. dividends were paid at 4% per an¬
num to March 1910 on pref. and to Jan. 1910 on common.
Bonds.—The 5s of 1913 have been reduced, by the operation of the sinking
fund and by refunding Into 4s of 1951, to $61,500. They are subject to call
at par for sink. fd. In order of numbers, beginning with highest V. 65, p.234.
The 4s of 1951 are secured by a first refunding mtge. on the entire prop¬
erty, subject only to $61,500 first 5s above mentioned, and are further
secured by deposits of purchase money mortgages aggregating $3,000,000
on coal lands estimated to be worth $6,000,000; outstanding, $9,510,000.
V. 73, p. 619, 899; V. 84, p. 748.
Committee for First Refunding 4s.—A bondholders’ protective committee
(Alvin W. Krech, Chairman; Lyman Rhoades, 15 Nassau St., Sec.; Equit¬
able Trust Co., Ac., depositaries) In June 1910 requested deposits.
V. 90,
p. 1238, 1489; V. 91, p. 37.
Preferred Stock Committee.—J. N. Wallace, Chairman; Hugh Rankin,
Sec., 46 Cedar St., N. Y.; Central Trust Co., N. Y., depositary.
In July
1910 a majority had been deposited. V. 90, p. 1361; V. 91, p. 214.
BUFFALO A SUSQUEHANNA COAL A COKE CO.—This company,
the stock and 1st mortgage bonds of which are owned by the B. & S. RR.,
owns coal
lands at DuBois, TroutvlUe. Onondaga and Sagamore, Pa.
Twelve mines In operation.
V. 77. p. 1301; V. 79, p. 2091-92: V. 82, p
1322; V. 85, p. 1266.
Of the second mortgage bonds, $2,200,000 on
Dec. 1 1909 were outstanding in the hands of the public.
POWHATAN COAL A COKE CO.—This company, all of whose bonds
and stock are owned by the B. A S RR.. owns coal lands at Tyler and at
Sykes.
Its coking plants, with capacity of 800 tons of coke dally, are ship¬
ping to Buffalo for use of Rogers-Brown Iron Co.—(V. 91, p. 37, 214.)
,

“BURLINGTON.”—See CHICAGO BURLINGTON & QUINCY RR.




y

4H g M

A N
A N
A N
4X K M
A N
A
A O
4H g
4 g
A
A O
4
J
A
J
4
Q —M
5 g
A
A o
4 g
J
J
A
6
A
J
J
4H g M
A N
5
J
A
J
5
A
A
o
5
F
A A
5
F
A A
4 U ir M
4x g M

Rock

and also

6 g
600,000
5 g
1,279,000
6
145,000
6
1,000,000
5
1.021.000
4 g
1,255,000
6
381.925
4 g
350,000
4 g
14,384.644
4
150.000
4
£97,500
Worthless
$15,000,000 See text
6 g
$14,000,000
5
6,000.000
4 g
130,000
4
)
f
4
See
)
1
I
text.
I

Places Where Interest and
Dividends are Payable
36 Wall St.. New York
do
do
do
do
do
do
do
do
do
do

May 1 1919
May 1 '20 '21
Nov 1 1919
May 1 1922

Apr 11927

Oct
1 1929
Ja>! 1 1910 2 % July ’10 pay’t In default
Mch t 1910 1*1 June’10
do
do
Oct 1913
Apr 1 1951
July 1910 coup not paid
Wm Salomon A Co, N Y
July 1 1911
Apr 1 1953
May 1910 coup not paid
Jan 11 July '16 N w Harris A Co, N Y
Oct ’10 Apr ’17 N W Harris A Co. N Y
Aug 10 Aug *17 KnlckerbockerTrCo, N Y
Aug ’10 Aug ’17 Penn Co for lnsur, Ac

A

A

O Apr 1 1937

Commonwealth Tr Co StL

J
J
A
J
J
F
J
F
J

A
A
A
A
A
A
A
A
A

J
J
O
J
J
A
J
A
J

1 1915
1 1941

Anglo-CalTrCo, San Fran

M

At

s

Jan
Jan

Broad St Station. Phlla
do
do
do
do
do
do
do
do

Apr 2 1913

Jan 1 1927
Jan 1 1930
Feb 1 1955

July 1910
Feb
Jan

3% Broad St Station, Phiia
do
do

1 1927
1 1955

Sept 1 1956

F
J
M
A
F
F

A
A
A
A

A Aug 11910
J Jan 1 1913
S Mch 1 1913
o Oct 1 1945

do

do
A Lond

Bank of Montreal.Lond’n

M A S 14 1949

1X Grand Central StatlonN Y

Union Tr Co New York
do
do

Agts Bk of Montreal N Y

Aug 1 1926
A
A

A Feb
A r'eb

1 1929
l 1029
Nov 1 1930

4

t

Last Dividend
and Maturity

Isl and Co

6 g

165,000

£100
£100
£lo
€100 i

BUFFALO ROCHESTER & PITTSBURGH RV. (Concluded).
ANNUAL REPORT.—Fiscal year ends June 30.
The annual meeting
is held at New York on the third Monday in November.
The report for
1908-00 was given at length in V. 89, p. 407, 416.
In 1908-09 carried
5.186.043 tons of bituminous coal (out of 8,008,990 total tons of freight
moved), against 5,849,240 in 1907-08.
1907-08.
Yr.end.June 30. 1908-09.
Oper. revenue 37,171,897 $7,484,028

Payable

$5o0,000
1,995.000

Burlington Cedar Rapids ft Northern—See Chicago R ock Is! and A Pacific R
Burlington ft Missouri Valley—See Chicago Burlingto n A Q ulncy.
Burr’s retry Brown del ft Chester—First M gold-.xc*
1907
1,000
California Pacific—See Southern Pacific RR.
1.000
27 1910
Qal W RR ft N—1st M $600,000 gold guar s f (text) .c*
Cambria ft Clearfield—1st M ($2,000,000) g
103 1891
1,000
GP.c*
GuP.c*
GuP.c*
GuP.c*

When

%

1,000

102
265

30
46
76
392
30
30
396

Rate

1,000

_

Bell’s Gap consol M sink fund not drawn
Clearfield A Jefferson first mortgage

Amount

Outstanding

1899
1900-1
1902
1904
1907

4%

guar

[VOL. LXXXXI,

Can Bk of Com, NY;ALo
—

BURR'S FERRY BROWNDEL ft CHESTER RY.—See page 164.
CALGARY & EDMONTON RY.—See page 164.
CALIFORNIA-WESTERN RR. ft NAVIGATION CO.—See page 164.
(THE) CAMBRIA & CLEARFIELD RY.—Cresson Jet. to near Glen

Campbell Branch Jet., 50 m.; Be.lwood to Fordham,65 m.; Cresson to Irvona, 27 m.; Kaylor to Black Lick, 37 m.; Vail to Gramplon, 49 m.; Bradley
Jet. to Cherry Tree, 18 m.; branches, 153 m.; total, 399 m.
A consolidation
Aug. 1 1003
V 78. p. 828.
Stock. *4 833,850, all of which Is owned by
Penn. RR. Co., which operates road under lease.
A full abstract of mtge.
securing 5s of 1891 was in V. 52, p. 976.
Of the bonds, $500,000 first 5s
were on Jan. 1 1910 owned by the Penn. RR.
For year ending Dec. 31
1909, gross, $2,854,790; net, $443,318; other Income, $30,645; Interest,
taxes, Ac., $398,788; bal., sur., $75,175.—(V. 77, p. 298.)
CAMDEN ft BURLINGTON COUNTY RR.—Owns from Pavonla. N. J..
to

Pemberton, N. J., 22.35 miles; branch, Burlington, N. J.. to Mount

7.1-2 m.: connection wl» h P. A L
B. RR at Birmingham. N. J.,
0.39 m.; total, 29.86 m.
Operated under lease by Penn. RR., which guar¬
antees 6% on stock.
Stock, $381,925; par, $25.
In 1909, gross, $342,606;
net. $18,571; loss to lessee under rental, $34,866.—(V. 64, p. 373.) *

CANADA ATLANTIC RY.—Owns Depot Harbor, Ont.. on Georgian
Bay, via Ottawa, to Alburg Jet., 399.57 m.; trackage to Swanton, Vt.,
Ac. 6.66 miles; leases for 99 years Central Counties Ry.,Glen Robertson to
Hawkesbury, 22.24 m., and South Indian to Rockland, 16.25 m.; owns
greater part of stock of Pembroke Southern Ry. branch from Pembroke to
Golden Lake. 21,36 m. (V. 82, p. 451. 1101); total. 466.08 m. The Grand
Trunk acquired the road and took It over Oct. 1 1905.
V. 81, p. 1174
Canada Atlantic Transit Co., $1,000,000 stock, operates steamers. Depot
Harbor to Duluth, Milwaukee and Chicago.
V. 69, p. 954; V. 70, p. 279.
The 50 yr.
4s of 1905 (authorized Issue. $16,000,000; Royal Trust Co.,
Montreal, trustee) are guaranteed. Drln. and int., bv the Grand Trunk;
the unissued bonds are reserved for future requirements.
V. 79, p. 967,
1131. 1641, 2454; V 80. p. 1058 1727, 2343; V. 87,® 1477.
In April 1910 £97,500 Central Counties Ry. 4% bonds were offered, to
retire $380,000 5s.
V. 90, p. 1169.
As to Pembroke Southern guaranteed bonds, see V. 82, p. 451, 1101.
STOCK.—$6,199,100 common and $1,000,000 preferred, all Issued.
REPORT.—In 1908-09. gross, $1,820,959; net, $117,595; other income►
$70,908; lnt. on bonds. £599,646; bal., def., $411,143.—(V 90. p. 1169.)
CANADA MICHIGAN ft CHICAGO.—Bonds worthless.—(V. 63, p 838.)
CANADA SOUTHERN RY.—(See Maps N. Y. Cent. A Hud. Ri«. RR.) —

ROAD.—Main line from Suspension Bridge station. Including the Cantilever
Bridge, to Windsor. Ont., 226 m.; branches to Courtrlght Ont., Ac.. 231 m.:
total. 457 m., of which 85 miles are nominally owned by proprietary com¬
panies. Trackage. St. Thomas to London, Ont., 15 m. Double track, 152 m.
Detroit River Tunnel, under construction, see Michigan Central RR
ORGANIZATION, ETC.—The company was chartered In Canada Feb.28
1868 and debt readjusted In 1878.
In 1903 made a new lease to Mich. Cent,
for 999 years, the latter, which owns $7,810,000 stock, guaranteeing divi¬
dends thereon at 2 X% yearly to Jan. 1 1910, thereafter 3%; also authorizing
a mortgage to retire existing bonds and pay for Improvements. V. 76, p.
1191, 1247; V.77, p. 950; V. 84, p. 803. The $14,000,000 1st 5s maturing
Jan. 1 1908 were extended 5 years at 6% Interest, payable in gold, by the
Mich. Cent. RR.
V. 85. p. 1401, 1645; V. 86, p. 1041.—(V. 86, p. 1041.)

CANADIAN

NORTHERN

RAILWAY. —(See

Emerson Jet. to So. Jet
Carman Jet. to Belmont.

to

under

construc-

Miles.

220
15

67 Neepawa Jet. to McCreary Jet-. 70
548
73 Kamsack to Edmonton

Stanley Jet. to Gunfllnt
Portage Jet.
Boundary

from

Map.)—Operates

Port
>rt Arthur, Ontario, on Lake Superior, to Winnipeg, and
tlon through Northwestern Canada to Pacific Coast.
Mites.
Port Arthur to Winnipeg
439 Brandon to Regina
Winnipeg to Kamsack
279 Delta Jet. to Delta

International

119 Slfton Jet. to Winnepegosls
Thunderhlll Jet. to End of Steel.

63 Oakland

62
Morris to Somerset
Hartney Jet. to Brandon.
40
Belmont to Vlrden
91
Gilbert Pis. Jet. to Prince Albert-361
Rossburn Jet. to Russell..
104
Arizona Jet. to Morris and Bran¬

to

21

20

17

Totogan

Battleford to Battleford Jet---Edmonton to Morlnvllle
Edmonton to Stoney Plains. - Green way to Adelpna
Oak Pt. Jet. to Oak Point
-

Winnipeg Transfer Line

8

23

21

52

60

11

don Jet
77J Qu’App.LongL.ASask. (leased)
256
Brandon Jet. to Carberry Jet
231
Total June 30 1909 (Including about 710 miles leased)
3,140
In Mch. 1910 the company operated 3,180 miles and had constructed 371
miles of branches and had over 500 miles partly constructed.
V. 89, p.
-—

1279, 1480; V. 90, p. 770.
Has trackage rights over Canadian Pac., Sudbury to Port Arthur, Ont.
As to proposed extension through British Columbia, see
ment “Canadian Northern Pacific Ry.” on next page.

separate state¬

In April 1910 applied to purchase Saskatchewan Midland Ry., V. 90*
The Canadian Northern Steamships, Ltd., was Incorporated In.
p. 976.
Oct. 1909 to operate on the Atlantic Ocean and ultimately also on the
Pacific. V. 90, p. 697. In June 1910 the Brockvllle Westport A North¬
western Ry., Brockvllle to Westport, 40 miles,was acquired as a part of the
proposed new route between Belleville and Ottawa. V. 91, p. 37, 153,

ORGANIZATION.—The Manitoba lines of the Northern Pacific Ry..
351 miles, are sublet from the Provincial Gov’t for 999 years from May 30
1901 at $210,000 annually for the first ten years, then $225,000 for ten years,
then $275,000 for ten years, and thereafter $300,000, with option of pur¬
chase for $7,000,000.
Manitoba Gov’t has option to purchase entire prop¬
erty in 1929.
V. 72, p. 437; V. 73, p. 615.
Canadian Northern Ry. System
Terminals incorporated Sept. 1907 with $2,000,000 stock. V. 85, p. 863.
The allied Canadian Northern Ontario and the Canadian Northern Quebec
railways will afford access to Toronto, Ottawa, Montreal, Quebec, Ac., and
the Canadian Northern Pacific to the Pacific Coast. 0
In May 1907 the interests which control the Canadian Northern

Ry. acquired control of Quebec & Lake St. John Ry., Quebec to

Roberval

July.

1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

Date
Bonds

Par
Value

Amount

Rate

When

Outstanding

%

Payable

21
Last Dividend
and

Maturity

Dividends

are

Payable

Canadian Northern 0Concluded)—
Ontario Dlv 1st M deb £36,900 are 4}^s
IGu. by
Manitoba Branch lines
Man.
First cons deb M (Man lines) $10,000 p mcArJ Govt.
Manitoba Provincial bonds, $8,000 per mile
Perpetual consol debenture stock (V 81 p 1609)...
First M deb stk $13,000 p m guar by Canadian Govt
1st M stock $13,000 p m guar by Dom of Canada..
First mtge deben stock guaranteed by Saskatche

287

\

_

do
do
guaranteed by Alberta...
Winnipeg Terminals mtge gold guar by Manitoba _c*
Convertible income-charge deb stock redeem text..
Qu’Ap Long Lake & Sask 1st M £1,050,000 guar
1st land grant M red 110 (money depos to redeem)
do
do
£1,027,400 red 105 to Julj
Imperial Rolling Stock 1st M ser A part due ye*

_.

1904
^

—

^

—

-n-

...

do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do
do

B
ser G
ser H
ser K
ser L
ser

do
do
do

ser

to F $210,000 due

249

^

y'rly

$45,000 due yearly...
$60,000 due yearly...
part due yearly..
$250,000 due yearly.,

part due yearly (V 85 p 599)
ser N&0$200,000 due yly.c*
ser P $100,000 due sem -an.
ser Q due $27,400 quar
ser R $170,000 yriy
c*
ser S $100,000
c*
ser T $150,000
c*
ser U $50,000 yearly.
V $300,000 y’ly (V 91,p 153).c*

Canadian Northern Ontario—Guar deb stock (see text)
Perpetual consolidated debenture stock
Can Nor Pacific—1st M $21,000,000 gu by Br Col

—

Can Nor Quebec—Gt Nor cons M $7,962,000(text)-Ce
Perpetual guaranteed debenture stock (see text)

1903
1908
1909
1909
1909

£100

£1 180,600

£100

$500

$101,000
£2,497,800
$349,000

£100

£6.792.750

—

„

_

.

—

•

»

---

r,_

_

•

•

•

_

_

_

268
_

^

.

^

1906
1899
1907
1902
1903
1904
1904
1905
1906
1906
1907
1907

1908
1909
1909
1909
1910
1908
1909
1909
1904

£600,000
£600,000
$ A £
£100
£100 Ac

$1,000
$ or £
$ or £

500 Ac

500 Ac
500 Ac
500 Ac
500

STOCK AND BONDS.—Stock authorized, $65,000,000; outstanding
June 30 1909, $55,000,000; par, $100.
None yet put on the market.
In 1903-10 £6,792,750 4% perpetual consolidated debenture stock was
Issued upon mileage, and to purchase securities of various controlled prop¬
erties deposited with the National Trust Co.
V. 76, p. 1247: V. 77, d. 87:
V. 80, p. 996; V. 81, p. 1609; V. 86. p. 1099; V. 87, p. 36; V. 89. p. 1279;
V. 90, p. 770, 1424, 1489.
The £1,923,287 3% 1st M. debenture stock, guaranteed by Dominion
Government, dated July 29 1903 (trustees, British Empire Trust Co., Ltd.,
London, England, and National Trust Co., Ltd., Toronto) Is a first charge
on line from Grand View to Edmonton, 620 miles, at
$1 ,000 per mile,
such first charge to be, however, limited to $10,000 per mile in respect of the
line from Grand View to the western boundary of Manitoba.
Additionally
secured by first lien on the extension of the Prince Albert branch to Prince
Albert from a point 100 miles east; by second lien on the portion of the
Prince Albert branch running from Erwood to a point 100 miles from Prince
Albert, and by charge on other lines then constructed—an aggregate of
918 miles.
V. 80, p. 1234; V. 76, p. 1299.
The £2,436,200 4% first mtge. consolidated debenture bonds, prin. and
lnt. guaranteed by Govt, of Manitoba, dated June 30 1904, are secured
by first mtge. to National Trust Co., Ltd., Toronto, Ontario (not exceeding
$10,000 per mile), covering certain lines In the Province of Manitoba
amounting to about 1,185 miles, a proportion of the amount of this Issue
being heldf In trust by the National Trust Co., Ltd., for the exchange of the
following Issues yet outstanding: (a) £105,300 Manitoba A Southeastern
4% first lien on 108 miles, assumed:
(fr) £233,700 Canadian Northern
Ry., Sifton branch, 4% bonds secured on 197 miles Slfton Junction to

Erwood,

guaranteed, principal and interest, by Manitoba Government;
(c) £10,000 Lake Manitoba Ry. A Canal Co. 4 % bonds first Hen on 125 miles,
Gladstone to Wlnnlpegosis, guaranteed as to prin. and lnt. by the Manitoba
Government; (d) £1 700 Gilbert Plains 4% bonds, a lien on 27 miles. Dau¬
phin to Grand View, guaranteed by Manitoba Government. V. 80, p. 116;
V. 78, p. 1274; V. 79, p. 2794; V. 81. p. 1607; V. 82, p. 568.
The 5% Income-charge convertible debenture stock ($15,000,000 auth.
Issue, limited to $10,000 p. m.), of which $5,000,000 has been issued, and
an option given on $5,000,000 additional, Is redeemable at
any time after
May 5 1920 and Is convertible on Jan. 1 1916 or any subsequent Jan. 1 or
July 1 fintil Jan. 1 1919, at the holder’s option, into full-paid common shares
at the rate of $500 (or £102 17s.) of deb. stock for $500 capital
stock, on
60 days’ notice.
The interest will be payable only to the extent that the
net earnings are sufficient after paying fixed charges and will be declared
April 10 and Oct. 10 out of earnings of the half-years ending June 30 and
Dec. 31.
The Issue will be secured by a general charge on the property
(other than land and money subsidies) ranking behind the 4% consol.debt,
stock and all securities now or hereafter created, having priority over the
4% consol, stock, and also behind all charges now or hereafter created for

by the Dominion

or any

of the Provinces of

Canada.
V. 90, n. 1674; V. 91, p. 37.
Tn May 1910 the Canadian Govt, agreed to guarantee Canadian Northern
Alberta rly. 3 v2 % bonds for the construction of a llrie from Edmonton west
to the coal areas nea„ the Brazeau
River, Ac., 150 miles, at the rate of
$13,000 per mile for the first 50 miles and $25,000 for the remaining 100
miles, the Canadian Northern Ry. guaranteeing payment to the Govern¬
ment.
V. 90, p. 1295.
The Saskatchewan Government late In 1909 agreed to guarantee bonds on
three new lines to be built in 1910, one from Regina to Moose Jaw,
from Regina to Edmonton and the third from Regina to Calgary, via the
present Goose Lake line.
V. 89, p. 1595, 1480
The Winnipeg Terminals 4s of 1909, of which $3,000,000 have been sold,
are guaranteed, prin. and int.,
by endorsement by the Province of Mani¬
toba; additional bonds may be issued and guaranteed on authorization
of the Legislative Assembly of Manitoba for further expenditures.
The
Grand Trunk Pacific will pay about $97,500 yearly for use of terminals
to be completed In 1910 (as against $120,000 annual Interest
on bonds
issued), and further rentals may be arranged. V. 89, p. 665, 1480.
In July 1908 the Dominion Government agreed to guarantee prin. and
int. of 3 H% 50-year bonds or debentures to be issued at $13,000 per mile
on 609 miles of branches in Manitoba
and Saskatchewan.
V. 88, p. 346,
*21; V. 87, p. 1159; V. 91, p. 37, 93.
In June 1909 £600,000 4% first mtge.
debenture stock, prin. and int.
guaranteed by the Government of the Province of Saskatchewan and
£600,000, prin. and int., guaranteed by the Government of the Province
of Alberta, were offered in London, secured
by separate deeds of trust,
the amounts now issued being at $13,000
per mile, with the right reserved
to increase the amount to $15,000 and to Issue additional stock or bonds
secured by said deeds for additional lines.
V. 89, p. 40; V.88, p. 1497, 1619.




Up

£1,037.972
$2,000,000
$4 805,347
$580,148
$630,000
$225,000

Ac

$670,000

e
g
g
g
4 H g

$400,000

$1,400,000
$1,400,000
$301,400
$1,360,000
$900,000
$1,500,000
$500,000
3,000,000
£1,337,035
£800,000
(?)

$3,678,750

g J A D 30 June 30 1930
J A D 30 June 30 1930
4
J A D 30 June 30 1930
4
Oct 1 1930
4
J A D 30 Irredeemable
3
M 31-S30 July 10 1953
3 H
J 20-J 20 1958
4
J
A D 1939
4
J
A D 1939
4 g
J
A
J July 1 1939
M
A N 2 May 6 1930
to 5
4
J
A
J July 1 1936
4 g
F
A
A Feb 1 1919
4
J
A
J July 11938
5 g
MAN Nov 1 1910- 12
5
F
A
A Aug 1 1911-*13
5
MAS Sept 1 1910 14

4H

4H
414
4X
4X

$1,450,000

£1.038.855

Lake St. John, 190 m., with branches Chambord to Chicoutimi, 51 m.,
and from La Tuque Jet. to La Tuque. 40 m.; Gosford branch, 5 H m.; total.
286 H m. V. 90, p. 54, 111, 237, 448, 668, 1045.
In Dec. 1908 the stock of the Duluth Rainy Lake A Winnipeg Ry.. ex¬
tending from Virginia, Minn., north to International Falls. 98 m., was
acquired by the same Interests as control the Canadian Northern Ry., and
will be extended to Duluth, 75 miles.
In connection with the acquisition
of the above company, there has been organized the Duluth
Winnipeg A
Pacific Ry., which controls the Duluth Rainy Lake A Winnipeg and will con¬
struct the extension from Virginia, Minn., to Duluth, about 75 m., and
build branches and spurs, Ac., for industrial and mining purposes; also docks
at Duluth, where valuable sites for terminals have already been secured.
V. 87, p. 1604; V. 88, p. 563, 821.
The Canadian Northern will guaran¬
tee, prin. A lnt.. the $10,500,000 1st mtge. 4s, ofwhlch$6,123,333hasbeen
Issued.
See said company.
V. 89, p. 1279; V. 90, p. 1424.
The Qu’Appelle Long Lake A Saskatchewan RR. A S. B. Co. extends from
Regina to Prince Albert, 256 miles. Control of this company was acquired
by those in control of the Canadian Northern Ry. In Dec. 1906, holders or
the outstanding $3,809,140 bonds being offered at the rate of £107 for each
£100 bond In 4% debenture stock, prin. and lnt. guaranteed by the Cana¬
dian Northern Ry. Co.
The Qu’Appelle Long Lake A Sask. RR. A S. B.
Co. was leased to the Canadian Northern Ry. Co. and has been operated
Since Dec. 14 1906.
V. 83, p. 214, 324, 688, 1036.

guar,

$3,000,000

$105.624
500 JBcc
500 Ac
500 Ac

on

securing any securities

A

4

£1,923,287
See text

See text

_

do
do
do
do
do
do
do

1901

A
A
O
J
A
D
MAN
J
A
D
F
A A

1910-1912
Oct 1 1910 15
June 1 1911-16
Nov 1 1910- 16
June 1 1911-*17
Feb ’ll-Aug *17

May 1912

.

4 H g MAS Mch 1 1911-18
4H g MAS Mch 1 1911-19
4H g MAS Sep 1 1910-*19
MAN Nov 1 ’10-’19
4H
MAN Nov 1 'll-’20
4H
Various 1936 and 1938
3*

4
4
4
4

A A O 2 Perpetual
seml-an. 30 years
A
A
O Oct 1 1934
J A D 31 Perpetual *

London and Toronto

London, Toronto ANY
Bk of Comm, Tor
London, Eng

Can

do

London, Eng
London
do

do

London, Toronto ANY
Can Bank of Comm, Lon
Nat Tr Co, Tor. or Lond.

London,

Eng.

C Bk of Com N Y; or Tor
do
or London.
Eng
do
Toronto or Lon
do
do
N Y, London or Toronto
do
do
do
do
do
do
do
do
Can Bank of Comm, N Y
N Y, London and Tor’to
do
do

do
do
do
Can Bk of

do
do
do

Commerce,Lon

Can Bk of Com.N Y;ATor
N Y Toronto A London

LAND GRANT

BONDS.—$2,000,000 first mtge. 4% land grant bonds
by 1,365.333 acres of land grant subsidies from Dominion of
Canada.
V. 85. p. 1205; V. 76, p.1083; V. 75. p. 183, 549; V. 81, p.263.
£1,027,400 First Mtge. 4% Land Grant Debenture Bonds.—These bonds
are secured on 1,250,000 acres of land (specially set
aside as per schedule
in mtge.) In the Provinces of Manitoba and Saskatchewan, of which 239,000
acres nave, since sales of the land commenced in 1907, been
sold, proceeds
of which have been paid over to the trustees.
£40,000 of the above issue
has been already retired, as provided in the trust deed securing the issue
dated July 1 1907.
V. 87, p. 479, 1477; V. 88, p. 1126.
EARNINGS.—11 mos.,fl909-10__.Gross, $11,592,600; net, $3,334,100
July 1 to May 31.
\ 1908-09...Gross,
8,863,900; net, 2,562,900
REPORT.—Report for year ending June 30 1909 In V. 89, p. 1480, shows:
1908-09.
1907-08.
1906-07.
1905-06.
Average miles
3,013
2,866
2,509
2,064
Gross earnings
$10,581,768
$9,709,462
$8,350,198
$5,903,755
are secured

Int. bonds guar, by Gov’t
of Manitoba
Int.bds.gu.by D.of Can.
Int. perp. cons.deb.stk.
Int. Qu’Ap. L. L. A S.._
Int. on 4% land gr. bds.
Rentals leased lines, Ac.
Int. on equip, leases

$695,641
280,800
938,399
203,983
96,107
223,960
480,727

$658,743
280,800
577.539

$624,726
280,800
446,054

$591,058
167,836
315,360

223,960
306,949

223,960
211,234

181,467
223,960
431,248

Surplus for year
$646,745
$678,930 $1,043,545
$719,574
Officers:
Pres., WHUam Mackenzie; V.-P., D. D. Mann; 3d V.-P., D. B.
Hanna; Sec., W. H. Moore; aU of Toronto, Ont. Directors: William Mac¬
kenzie. D. D. Mann. Z. A. Lash, Frederic NichoUs, all of Toronto. Ont.,
and R. M. Horne-Payne, London, England.—(V. 91, p. 37, 93, 153.)
CANADIAN NORTHERN ONTARIO RY.—(See Map Canadian Northern
Ry.)—Owas Toronto to Sudbury, 268 miles, with extensions to Sellwood
(Moose Mountain iron mines), 33 miles; branches, 9 miles; total, 310 miles.
From Sellwood the main line Is now being extended towards Port Arthur,
where a connection will be made with the Can. North. Ry.
Forty miles of
this extension was completed last fall. A branch line from a point north of
Sellwood Into the Gowganda Silver District, 30.7 miles, was opened Jan. 3
1910.
The extension from Hawkesbury to Ottawa City was opened in
Nov. 1909, and in connection with the Can. Nor. Quebec Ry. a
through train
service was established between Ottawa,
Owns
Quebec and Montreal.
modern ore-handling plant at Key Harbor, 80 miles from Moose Mountain
iron mines.

ORGANIZATION.—Controlled by same Interests as the Can. North.
Capital stock (shares $100), authorized, $1,000,000; issued June 30 1908;
250,000.
Debenture stock, 3 V4%, due July 10 1936 and June 30 1938, in¬
terest Mch. 31 and Sept. 30 and Dec. 31 and June 30.
Authorized at $20,000
per mile. P. A 1. guar, by Prov. of Ont. V. 87, p. 96; V. 88, p. 1060.

In June 1909 £800,000 4% perpetual consolidated debenture stock was
offered In London at 92.
Secured by first mortgage on a line of raUway

already constructed Lorn Hawkesbury to Ottawa with additional charges
other lines as further security.
V. 89, p 40, 162.
DIRECTORS.—William Mackenzie, D. D. Mann, Frederic Nlcholls,
W. H. Moore, L. W. Mitchell, Z. A. Lash, all of Toronto, Ont.; and R. M.
Horne-Payne, London, Eng. Pres., WlHiam Mackenzie; V.-P., D. D.
Mann: 3d V.-P., D. B. Hanna; Sec., W. H. Moore, all of Toronto, Ont.
Office, Toronto, Ont.—(V. 89, p. 40, 162; V. 90, p. 770.)
CANADIAN NORTHERN PACIFIC RY.—(.See Map Canadian Northern
Ry.)—To construct a line across the Rockies from Yellow head Pass to Van¬
couver and Pacific tidewater, about 600 m., to be
completed within 4 years.
Controlled by same interests as Can. Nor. Ry.
Stock auth., $25,000,000,
of which $10,000,000 may be pref.; par $100.
Bonds wUl be Issued at
$35,000 p. m. (limited to $21,000,000, unless the road Is extended into city
of Kamloops), guaranteed by British Columbian
Govt., the Canadian North¬
ern Ry. to Indemnify the Govt,
against any loss It may incur by the guar¬
anty.
Mtge. trustees. National Trust Co. of Toronto and British Empire
Trust Co. of London. Eng.
V. 91, p. 37, 93; V. 90, p. 696; V. 89, p. 1141.
—(V. 91, p. 37, 93.)
CANADIAN NORTHERN QUEBEC RY.—(See Map Canadian Nor. Ry.)
Owns main line Hawkesbury to Riviere a Pierre, 169
miles; Montreal to
Jollette, 36.20 m.; Montford to Huberdeau, 33 m.; St. Jerome to St. Sauveur, 15.1 m.; St. Jacques Jet. to Rawdon Jet., 11.2 m.; Shawlnlgan Jet. to
Shawinlgan, 4.50 m.; St. Jerome Jet. to St. Jerome, 1.70 m.; Garneau to
Quebec, 84.19 m.; total. 354.87 miles
Owns elevator, car shops, Ac., at Quebec. Formed in 1906
by the amalga¬
mation of the Great Northern Ry. of Canada, Ac.
ControUed by the same
interests as the Canadian Northern Ry.
Capital stock, $12,500,000, of which $3,000,000 is issued as statutory
stock with a certain preference as to dividend.
SECURITIES.—On Oct. 22 1906 an issue of 4% perpetual debenture
stock guaranteed by the Canadian Northern
Ry. was authorized to an
amount sufficient to take up the bonds of constituent
companies, to meet
cost of lines now under construction, provide
for construction or acquisition
of additional lines at not exceeding £4.109 ($20,000)
per mile of such lines,
and with the consent of the trustees for the stockholders
to provide for the
purchase of the stocks and securities to an amount not exceeding the cost
thereof.
In Oct. 1906 £1,000,000 of this stock was issued to take
up the
entire bond issues of the Chateaugay A Northern Ry. and the
Quebec New
Brunswick A Nova Scotia Ry. and $1,514,500 bonds of the Great Northern
Ry. Co. of Canada, and since that date £38.555 of stock was Issued to take
up an additional amount of Great Northern Ry. Co. of Canada 4% bonds.
Interest payable June 30 and Dec. 31.
Total amount outstanding. £1,038,855; secured by specific first mortgage upon any securities acquired as
above and deposited with the trustees and by first general lien
upon entire
property of company (other than land and money subsidies), subject only
to the bond issues of the amalgamated companies, which bonds will be
retired as soon as every bond of each series has been exchanged for stock
Of this issue
V. 83, p. 968; V. 84, p. 693, 748.
a* J
on

„

22

| VOL. LXXXXI.

RAILWAY STOCKS AND BONDS.

RAILROAD COMPANIES
[For abbreviations. Ac., see notes on first page]

Miles
Road

Canadian Pacific—Stock $200,000,000 authorized
Preferred stock limited to 4% non-cumulative
r
Canada Central RR second mortgage (now first)...
fi First mortgage debentures sterling
1st Mort on Algoma Br g
c*&r
Consol perpetual debenture stock
Securities of Principal Leased, Ac., Lines.
Manitoba S W Col Ry $12,000 per mile lnt guar gold
Atlantic A Northwest—1st mortgage gold gu__c* &r
St Lawrence & Ottawa—first mortgage gold see text
Ontario A Quebec stock guaranteed In perpetuity..
Ontario A Quebec deben Interest guar In perpetuity
Toronto Grey A Bruce 1st M gold Interest as rental
New Brunswick Ry 1st M gold lnt from rental
c*
(•Perpetual consol debenture stock, interest guar..
Calgary 4b Edmonton deb stock gold Interest as rent
(•Branch line bonds $1,040,000 (owned by CanPac)
Lindsay Bobcayg 4b Pontypool 1st M $700,000 gold
Aroos Val El RR 1st M $300,000 g red 105 lnt guar..

269

3.221
183

218
350
58

Par
Value

'

---

46
29

Amount

Rate

When

Outstanding

%

Payable

$100

See text

100
£100

$52.696,666

£100 Ac 34.998 633
£100 Ac
3,650,000
£1 Ac 128.930.133

1884
1887
1876

£100 &c
£50 Ac

1,000

1883
1884
1890
1890
1905
1903
1909
lantlc

£1
£100
£100
£1

See text A

$2,544,000
£1,330,000
£200,000
$2,000,000
£4,007,381

5 g
5 g

(6) 4

to the

1908
1909
1908
1892
1891
1898

l.ooa
1.000
1,000
1,000
1,000
1,000

4% perpetual debenture stock outstanding there has

also been Issued $3,678,750 4% bonds of the Great Northern Ry. of Canada
(guar, as to prin. and lnt. by Canadian Northern Ry.), of which the Central
Trust Co. of New York holds $6,500 bonds for exchange for the unexchanged balance of Great Northern Ry. of Canada first Issue of 5% bonds.

DIRECTORS.—D. B. Hanna. Z. A. Lash, Frederic Nlcholls, W. H.
Moore and F. C. Annesley, all of Toronto, Ont.; H. H. Melville, Boston,
Mass.: V. Chateauvert, Hon. Jules Tessler, Senator, both of Quebec, P. Q.
Thomas McDougall, the Mayor of Quebec; A. J. Mitchell, Toronto, Ont.
and R. M. Horne-Payne, London, Eng.
Pres., D. B. Hanna; V.-P.,
H. H. Melville; 2d V.-P., Frederic Nlcholls; Sec., W. H. Moore,, all of

Toronto. Ont.—(V. 84, p. 693, 748.;
CANADIAN PACIFIC RY.—ROAD.—Owns
from Montreal to the Pacific Ocean, made up
Montreal to Vancouver
Branches and auxiliaries
Leased lines
Used jointly

a

trans-continental railway

as

follows July 1 1909.

2,908 Under construction July 1 1909 403
2.965 Operated account of owners
262
Also controlled but oper. sep.—
3,911
94 aMlnn. St. P. 4b Sault Ste. M. .3,425
aDuluth South Shore A Atlantic 593
aSee each company’s statement.
9,878

Total In traffic returns
Branches aggregating 190 miles were opened

Jan.

1910.

In Jan. 1909

Eurchase
[arie
ofconcluded.
control of Wisconsin
by Minn. St. Paul 4c Sault Ste.
V. 88, p. Central
157.
was

In May 1910 the Dominion Atlantic Ry. was purchased by interests
friendly to the Canadian Pacific. V. 90, p. 1361, 1424, 1490.
HISTORY ETC.—Incorporated Feb. 18 1881 under charter from Do¬
minion of Canada, receiving $25,000,000 In cash as a subsidy; also 25,000.000 acres of land, all to be fit for settlement.
Operates trans-Atlantic and

Pacjfic steamship lines: also steamers to Alaska.
Stock.—The Issue of preferred must never exceed one-half
■

the common.
Stockholders voted Oct. 7 1908 to Increase auth. com. stock from $150,000,000 to $200,000,000, $30,000,000 new stock being subscribed for by
com. stockholders at 125, payable in 5 equal Installments between Jan. and
New stock will be entitled to divs. for half-year ending Dec.31
Sept. 1910.
1910.
V. 87, p. 613, 936, 1008; V. 89, p. 917, 1068; V. 90, p. 1044, 1674.
DIVS.—
*90-'94. ’95. ’96. ’97. *98. 99. ’00. *01. ’02. ’03.’04 toAp.’lO
•Com, %..15 yearly 0
2H 2H 4^ 4
5
6 yearly
5H 5
5X
Pref. %
] Issued In 1894. 4% yearly (2% A4bO).
•Also 1 % extra was paid In 1907 from interest on land sales, vl*., H %
April l{and M%5Sept. 30; in 1908 to April 1910, 1% (A&O).
1st of securities
GUARANTEED
Z1BONDS.
DEBENTURE
held againstSTOCK,
consolidated
debenture stock BONDS.
In V. 89, ETC.—
p. 727.

In July 1909 $128,930,133 debenture stock
being sold In 1909. V. 86, p. 545.

was

outstanding, £2,727,340

Stockholders on Oct. 3 1907 authorized the Issue of $8,000,000 consoli¬
dated debenture stock, viz.:
At not over $20,000 per mile, to construct
various branches, aggregating about 300 miles; additional work on the
Sudbury branch, 226 miles, at $10,000 per mile, and three steamers; also
the Iease>f certain* lines, 4bc. V. 85, p. 863, 1002.
In June 1890 company agreed to guarantee the principal and Interest of
$20,000,000 4 % bonds to be Issued by the Dul. So. Sh. A At!.; also 4 % lnt.
on consolidated bonds of the Minn. St. P. 4b S. Ste. M.. and In 1899 Interest
on the second mtge. 4s of the latter, and In 1901 Interest on $1,254,000
Mineral Range 4% bonds, the last named being all owned June 30 1909.
Owns Dul. S. S. A Atl. consols. $15,107,000.
St. Lawrence A Ottawa bonds are endorsed with the Canadian Pacific’s
acceptance of a 999-years’ lease at a rental sufficient to pay 4 % Interest on
bonds, and the bondholders’ agreement to accept interest at 4 % (Instead of

8%) and$tolrefraln from demanding principal (due 1910) during lease.
V. 90, p. 1361.
\
The New Brunswick Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacific; Interest on the 1st mtge. bonds, though
not guaranteed, Is paid out of rental under 990-year lease of 1890.
Tne Calgary A Edmonton Ry. debenture stock Is guaranteed Interest at
4 % under new lease of 1903.
V. 76. p. 435; V. 77, p. 636.
The Lindsay Bobcaygeon 4b Pontypool Ry. bonds are Issued under a
•fr-year lease covering the Interest.
V. 77, p. 1225: V. 79, p. 2085
The Interest on the Aroostook Valley (Electric) RR. 20-year 4H% bonds,
which in Sept. 1909 almost completed a first unit of 14 miles from Presque
Isle to Washburn, Me., Is to be guaranteed. V. 89, p. 846; V. 96, p. 107.
Car trusts outstanding June 80 1909, $1,630,000.
LANDS.—Lands unsold June 30 1909 were 8,204,556 acres of Canadian
Pacific grant and 129,984 acres of Manitoba South Western grant, 103,054
Great North-West Central grant, 3.161,921 British Columbia Southern,
78.260 acres of Columbia and Kootenay grant, and 1,265,324 acres of
Columbia A Western grant: total, 12,941,099 acres. The Columbia 4e
Western Ry. claims a further area, which Is In dispute.
Total sales in
1908-09, 376,046 acres, for $5,085,517.
GENERAL FINANCES.—In 1906 stockholders subscribed for $20,280,com stock at par, In Feb. 1908 for $24,336,000 at par, and In Nov.
$30,000,000 at 125. V. 74, p. 378; V. 82, p. 333, 691. In 1907-08
£1,000,000 pref. stock was sold and in 1908-09 £800,000. V. 84, p.338.
In Sept. 1907 £1,250,000 4% debenture stock was sold and In Feb. 1908
£2,000,000 and In 1908-09, £2,727,340.
V. 85, p. 599; V. 86, p.545.
In July 1906 the last or the $15 UUU.UOU land grant Doiids was paid off,

000 new
1909 for

leaving the land grant unencumbered; on Oct. 6 1909 the balance due on
account of land sales was over $18,000,000, on which 6% int. Is received.
This Interest will be used to pay extra dividends on the common stock; 1 %
extra per annum was paid In 1907 and to April 1910.
V. 83, p. 817.

(•EARNINGS.—Ilf

mos.,

(1909-10..Gross,J$86,181,673; net. $31,122,040

K >|July 1 to May 31.11908-09..Gross,|£69,763,166; net, 21,067,148
^ANNUAL REPORT.—Fiscal year ends June 30. Annual meeting Is
held at Montreal on the flrst|Wednesday In October.
The report for 1908-09
at length was In V. 89,Ip. 663, 726.
Annual meeting, V. 89, p. 989. See
also editorial, p. 694.




6
5

A

10,000.000
5,000,000
2,210,000
1,100,000

5
5
5
4
5
4

J
J
J
J
J
J

g
g
g
g
g
g

300,000
135,000
.5
3,200,000
4 g
2.215,000
5
39,000
6
238,000
589,110 See text

A
A

June 1 1934
Jan 1 1937
See text

5
5
5
5
5

A
F

A
A
A
A
A
A
A
A
A

D
J
D
D
J
J
N
O
A

J

A

J

F
M
J
J
J

A
A
A
A
A

A
N
J
J
D

M

g
g
g
g
g

Places Where Interest and
Dividends are Payable

Apr 1 1910 3H Lond 4b 31 Pine St N Y
Apr 1 1910 2% Company’8 Office. Lond
Nov 1 1910
Montreal
July 1 1915
Baring Bros 4b Co, Lond
July 1 1937
Baring Bros 4b Co, Lond on
Irredeemable
Company’s office, Lond.

D
J
D 15
A
D
D
A
A
J
A
A
A
J
J
A
A
J
A
J
A
A

J
J
J A
J
J
J
F
J
J 3
J
J
g F

Last Dividend
and Maturity

6b
A

4 g
£719,000
5 g
£630,000
4
£904,533
4 g
£1,121,700
4
1,000 $1,040,000
4 g
500,000
1,000
4 H
500 Ac
300,000
—See sta tements of those co mpanles

tawissa—Pref stocks 5% guar P 4b R Ry (see text)
50
98
First consol mortgage $2,215,000 gold ...PeP.c*
103 1898
1,000
Cat skill Mt’n—1st M ($2,000 not ext from 1905).
16
1885
1,000
First Income bonds
100 Ac
1885
30
Cayuga & Susquehanna—Stock 9% rental D L 4b W.
34
Cedar Rapids Iowa Falls & Northwestern—See C
go Ro ck Isla nd A Pac IfiC Ry
Central ranch—See Missouri Pacific
312 1895
1,000
7,000,000
1,000 18,500,000
1,493 1895
Mobile Dlv 1st M (Columbus to Andalusia) g...Q.c*
138 1895
1,000
1,000,000
Macon 4b North Dlv 1st M $840,000 gold
840,000
102 1895
1,000
MBa.c*
Ooon Dlv 1st M Br«wton to Dover $6,000 p m__S.c*
462,000
77 1901
1,000

InYaddltion

O
O
Various
A
J
J
A
J
J
A
J
J

4
6
5 g
5 g
4

$973,333

1880
1885
1888
1889

$100
671
191
174

52
40
14
Minn St P 4b Sault Ste Marie and Duluth South Shor eA At
Carolina Central—Bonds—See Seaboard Air Line Ry

Caro Clinchf & Ohio—1st M $15,000,000 red 110.F.c*
fee Mortgage gold notes $5,000,000 redeem par.Eq.xc*
Equipment go d notes sor *'A” due $130,000 s < “

Date
Bonds

London 4b 31 Pine St N Y

Baring Bros 4b Co, Lond

Can Pac office, London
Montreal and London

June 1909 3
Irredeemable

Morton, Rose, London
Toronto and London
London
do
do
Can Pac Office, London
Can Pac Office, Montreal
Bk of Montreal, Toronto
N Y and Augusta, Me

July 26 2882
Aug 1 1934
irredeemable
2002
1955

July 1 2002
Aug 1 1929

Blair 4b Co, New York
New York
Dec *10 -Dec’ 18
do
do
Dec 11981
Grand Cent Station, N Y
do
do
July 1 1931

Junel 1938

July 1 1919

Reading Terminal Phlla
July 1 1928
May 19 19102H Company’s Office, Phlla
do
do
Tan Nat Bk Catsklll N Y

Apr 1 1948
Aug 1 1915
Aug 11915

2.91042% paid In

July 1910 4H

30 Pine Street New York

Nov
Nov
Jan
Jan
Dec

Guaranty Trust Co N

1
1
1
1
1

1945
1945
1946
1946
1945

do
do
do
do

1907-08.

1908-09.

operated end of

Sept’0?

do
do
do
do

1906-07.

Passenger earnings
Freight
Mall, express and miscellaneous

9,426
9,154
9,878
$20,153,001 $19,900,432 $19,528,878
48,182,520 44,037,598 45,885,968
7,446,143
6,802,683
7,977,800

Total earnings
Net earnings
Interest received

$76,313,321 $71,384,174 $72,217,528
$22,955,573 $21,792,366 $25,303,308
2 306,488
2.654.633
2,364,480

Miles

year

$25 262,061

$24,446,999 $27,667,788

Deduct—

Fixed charges
For 8 teams hips, &c
Dividends on common stock
Dividends on preferred stock

$9,427,033
880,000

$8,770,077 $8,511,758
880,000
780,000
•(6)9,000,000* (6)7,300,800* (6)7,300,800
(4)2,107,867 (4)1,916,407 (4)1,736,228

Balance, surplus
$3,847,161
$5,579,715 $9,339,005
Also 1% extra yearly from Interest on land sales, viz.: H% April 1
and
Oct. 1.—(V. 90, p. 1044, 1169, 1295, 1361, 1674.)
CANE BELT RR.—See Atchison Topeka A Santa Fe.
*

CAROLINA CLINCHF1ELD & OHIO RY.—(.See Map.)—In operation
from Dante, Va., to Spartanburg S. C., 245 m.
The Dumps Creek Line,
St. Paul, Va., to Hurricane, Va., 12 m., was opened May 1910.
Connects at
Bostic, N. C., with Seaboard Air Line Ry , with which close relations are
maintained, by which tidewater Is reached.
V. 88, p. 944; V. 87, p. 670.
Controlled by the Cumberland Corp., which owns the Clinchfleld Coal Corp.,
whose 285,000 acres of coal lands the road will develop.
V. 86, p. 669;
V. 83, p. 154.
See Cumb. Corp.
Financed by leading N. Y. bankers.
Name changed In March 1908 from South A Western RR., stock being
Increased to $30,000,000, of which $15,000,000 Is 6% preferred
and
$15,000,000 common.
In Feb. 1910 arranged with Southern Ry. to send
coal to Charleston, S. C., where company will have a terminal to handle*
coal for export.
V. 90, p. 558.

BONDS.—The first mtge. has been authorized to secure $15,000,000 30
5% bonds dated June 1 1908, of whicu $3,000,000 were used to
retire the old bonds (3 Issues) to the same amount deposited as collateral for
the Cumberland Corporation 1-year notes of 1908; in Aug. 1908 $10,000,008
bonds were sold.
The mtge. is secured on the road from DaDte, Va.*
to Spartanburg, S. C., 245 m.
V. 86, p. 667, 856; V. 88, p. 944. In Fob*
1909 $2,600,000 equipment notes, ser. f*A,” were sold.
V. 88, p. 451
In July 1909 $5,000,000 10-year 5% mortgage gold notes following la
lien the $10,000,000 first 5s of 1908 were sold.
They are subject to call as
a whole or may be drawn In part by lot.
V. 89, p. 285.
Mark W. Potter, Chairman of Board, 24 Broad St., N. Y.—(V. 90, p.558
year

CAROLINA & NORTHWESTERN RY.—See

page 164.

CARTHAGE & ADIRONDACK RY.—See page 164.

CARTHAGE WATERTOWN A SACKETT’S HARB. RR.—See

CATASAUQUA A FOGELSVILLE RR —See

page

page

164

164.

CATAWISSA RR.—Owns from Tamanend, Pa., to Newberry Jet
Pa.,
102.89 miles; second track, 38.69 miles; total, 216.01 miles.
Re-leasedDec. 1 1896 for 999 years to Philadelphia A Reading Railway.
Rental.
Interest on bonds, 5% dividends on preferred stock, all taxes and $8,008
for organization expenses.
See also V. 63, p. 969, 1116. Of the preferred’
stocks. In 1909 $2,200,000 was first preferred and $1,000,000 seoond pre¬
ferred. and common was $1,159,500; par, $50.—(V. 72, p. 1187.)
.

CATSKILL MOUNTAIN RY.—See page 162.
CAYUGA A SUSQUEHANNA RR.—See page 162
CENTRAL OF GEORGIA RY,—{See Map.)—System Includes:
Lines owned tn fee—
Lines leased—(see these oos.) Miles.
Miles.

Savannah to Atlanta
Gordon to Porterdale
Columbus to Birmingham, Ala.
Columbus to Amerlcus
Montgomery to Eufaula, Ala..
Columbus to Greenville, Ga

Opelika to Roanoke
Eufaula to Ozark

Griffin, Ga.,to Chat.,Tenn., 8bc.
Chlckamauga to Durham
Savannah to Tybee
Columbus to Andalusia
Macon Junction to Athens....
Brew ton to Dover
Barnesvllle to Thomas ton

Lyerly Branch

Upper Cahaba Branch

Greenville to Raymond

295
86

156
62

80
49

36
60

198
18

Southwestern RR.—
Macon to Eufaula
Fort Valley to Perry—
Fort Valley to Columbus....
Smlthvllle to Columbia
Cuthbert to Fort Gaines....
Augusta A Savannah RR.—
Mlllen to Augusta
Chattahoochee 8b Gulf RR.—
Columbia to Lockhart......

18 Trackage
138
102
77
16

...

Total oper. July 1909

14*

12
71
85-

21
53
91’
y

1,916-

Also

Meldrlm to Lyons, 58 miles
9
(leased to Geo. 8b Ala. Ry.—
Seaboard Air Line system).
12
24 Ocean Steamship Co., estimated
equivalent of
300

Total owned (and oper.)
1,436
ORGANIZATION.—Succeeded Nov. 1 1895the Central RR. A
Banking:
Co. of Georgia, foreclosed.
V. 60, p.1008; V. 61, p. 68.
Controls Wrlghtsville 8s Tennille and Wadley Southern Ry., all of the bonds of the latter
being owned and deposited to secure short-term notes due March 1 1912V. 85, p.|605.
In June 1909 the $5,000,000 stock was acquired by the Illinois
Central,
but the road Is operated independently.
V. 88, p. 1559; V. 84. d 1550*
V. 85, p. 1082, 1268; V. 86, p. 667.
*
'
BONDS.—The first mortgage of 1895 (described In V. 63,
p. 1160) Is a
first lien on the main line from Atlanta to Savannah, Including the MUledgevllle branch (312 m. In all), all equipment and appurtenances, and the
equity
in $1,995,000 stock of Ocean SS. Co.
V. 84, p. 529, 605; V. 87, p. 550.
Application for listing firsts and consols In V. 63, p. 1160.

V

BONDS.

RASATINOLWCDKY

19 0.]

July,




24
RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

21
65
164
138
12
24

3d
do
do
J
non-cumulatlve
Ma
Central RR 6b Bk coll tr bonds gold red at HO.Cs.c*
Locomotive and car trusts payable $118,000 s-a—c
Equipment trust series H $51,000 s-a (V 82 p 217)..
Equip trust series I $115,000 s-a (V 83 p 751)...GP
do
do series K $36,000 semi-annually
Notes secured by Wadley Southern bds
Guaranteed, Ac., Securities
Ooean SS Co first mortgage gold guaranteed..Ce.c*

Steamship bonds

g

Date
Bonds

Miles
Road

page]

Cent of Ga Ry—(Con)—Eatonton Br 1st M not gu g
Mid Ga 6b Atl Div 1st (consol) M $9,000 p m
Q.c*
Chattanooga Dlv purch money M $2,400,000 g-S.c*
Chattanooga Rome 6c So 1st M $500,000 g-Un.c*
Upper Cahaba mortgage gold red 102 VI
N
Greenv 6c New 1st M g red 102 VS
N
1st pref incomes)Interest up to 5%
Mp
2d
do
do
)
gold if earned
Ce

ass’d by O SS Co $69,000 due

^

.

_

s-a

.

.

Par
Value

$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

1896
1897
1901
1897
1905
1905
1895
1895
1895
1887

*02-3-5

^

^ ^

Augusta A Savannah stock (no bonded debt)
Southwestern Railroad stock (no bonded debt)

^

_

1906
1906
1907
1907

50,000

1890

1,000

*03-*04

_

100
100
100

53
333

Chattahoochee 6c Gulf stock
First M gold $2,000,000 lnt rental s f red at 102 VI
Cent Indiana—1st M $4,000,000 gu p 6b 1 end_Ce.c*4cr
Central New Eng—First M $1,250,000 call 105 FP.c*
General mortgage 5% Incomes $7,250,000
FP.r
Dutchess County RR—First M gold guar
Me.c*
Divisional bonds
New mtge $25,000,000 when authorized
Central Ohio—See Baltimore 6c Ohio
Central Pacific—1st refund M g gu p 6b 1 endCe*.c6br
3 Vis $25,000,000 gold guar p 6c 1 end
Us.c*6cr
Ludn cut-off 1st M $10,000,000 guar (text).G.c*6br
Central RR of HaitH-lst MUS gold pay 105 at ma-

turity or company’s option
G
Central RR of N J—Stock ($30,000,000 authorized)..
Cent RR of N J gen M $50,000,000 gold
Ce.rc
do
do
registered

—-

91
117
58
58
12

1,000
1.000
1,000
1,000
1.000

1900
1903
1899
1899
1890

Amount

Rate

When

Outstanding

%

Payable

$168,000
5 g
5 cur
413,000
4 g
2.057.000
5 g
343,000
450.000
4 g
4 g
465,000
4,000,000 5 In 1907
7,000,000 3.729 *07
4,000,000 5 in 1906
5 g
4,880,000
284,000
4 VI
4 H g
561,000
4 VI g
1.030,000
5 g
534,000
5 g
650,000

J
J
J
J

1,000,000

J
J
J
J
J
J

5
5
5
5
5
5
4
5
5

138,000
1,022,900
5.191,100
436,400
336,000
1,500.000

g
g

g
g
g
g

1,250.000
7,250,000
350.000 4K (6)
See text.

1,349
1,349
103
•

••

m

1.000 Ac

99,776,000
16,364.000
9.640.000

1909

1,000

800,000

.

All
All

500 6cc
500 6ec

1899
1899
1904

_

_

.

1887
1887

Collateral trust mortgage abstract was In V. 45, p. 242.
The Chattanooga Division mortgage Is a first Hen on the former Chatta¬
nooga Rome 4b Southern RR.* Carrollton, Ga., to Chattanooga, Tenn.,138
miles, and Durham to Chlckamauga, Ga., 17 miles, with branches. In all 164
miles, subject to $343,000 old 5s, for which a like amount of bonds Is re¬
served.
V. 72. p. 1134; V. 78. d. 1446.
Upper Cahaba Branch bonds are secured by coal lands In Northern Ala¬
bama. also by road Henry Ellen to Margaret, Ala.
V. 81. p. 920. 1099.
PREFERENCE INCOMES.—These bonds, subject to the prior mort¬
gages. cover the main line and the former Savannah 4b Western, Columbus
4b Rome, Montgomery & Eufaula, Mobile 4b Girard, Macon 4s Northern and
Savannah 4s Atlantic and other railroads, and their equipment, 4bc.
They
are non-cumulatlve and bear Interest not exceeding 5% In any one fiscal
year, but payable only out of net earnings as declared.
In Oct. 1905 It
was arranged to attach coupons to Income bonds.
V. 81, p. 974, 1174.
DMd. (%)—*96. *97. *98. '99. '00. *01. *02. 03. *04. '05. *06. *07. *08- ’09
1st Incomes 1VI 2Vi
2
2
3)4
5
3
5
5
5
5
5
00
2d Incomes
00000000255 3.729
0
0
3d Incomes
000000000
550
00
In Oct. 1907 the holders of $2,498,000 second preference and $1,350,000
third preference Income bonds had deposited their bonds with a committee
(Jos. S. Dale, 52 WUllam St.. N. Y., Sec.).
V. 85, p. 529, 605, 653, 721,
792; V. 87, p. 1477; V. 88, p. 1436; V. 89, p. 592. In Nov. 1909 suit was
brought to recover full Income Interest on 3 classes of bonds from earnings
of 1907-08.
V. 89, p. 1346.
In 1908 a majority of first income bonds had
been deposited with a committee (Metropolitan Trust Co. of New York,
depositary; Jos. S. Dale, Sec.). V. 87, p. 740, 1418.
LATEST EARNINGS.—/1909-10...Gross, $11,191,181; net, $2,949,110
11 mos., July 1 to May 31.\1908-09...Gross, 10,405,577; net, 2,654,149
REPORT.—For 1908-09 at length In V. 89, p. 467, 526, 537.
Year ending June 30—
1908-09.
1907-08.
Operating revenues
$11,155,182 $11,383,013
Operating expenses
7,862,036
8,518,977

.

Other income

Total income
Interest on funded debt, 6cc
Rentals and miscellaneous
Betterments (including reserve)
Taxes oh Western Ry. of Ala. stock and Chari.
West Car. bonds prior to July 1 1908

.

.

Balance, surplus

$3,293,146
$2,866,867
720,656

$2,864,036
$2,481,492
392,123

$3,587,523

$2,873,615
1,999,541
554,732
324,768

1,977,844
556,414
837,102

...

July 1 1930
May 1 1953
Feb 1 1919
Feb 1 1949
June 1 1940

Savannah Ga

Guaranty Trust Co, N Y
Guaranty Trust Co N Y
Union Trust Co New Yk

Guaranty Trust Co N Y
Guaranty Trust Co N Y
Guar Tr Co N Y or Savan
do
do
do
do

Guaranty Trust Co N Y
Blair 6b Co New York
do
do
Kountze Bros New York
do
do

Guaranty Trust Co N Y
Guaranty Trust Co N Y
Blair 6b Co New York
Savannah Ga
Savannah and Macon
Savannah Ga
Citizens* Bk SavannahGa
Central Trust Co N Y
Fid I T 6b S D Co Phlla
4% paid for year 1908-09
Fid I T 6b S D Co Phlla

F
5H g J
4 g
A
4 g

6 g

’

213,502

deficit
sur.$2,661
def.$5,426
OFFICERS.—Pres., J. F. Hanson, Atlanta, Ga. Directors, July 1909.
or

V. 87, p. 1009; V. 89. p. 162.—(V. 89. p. 469, 527. 537. 592. 777, 1346.)

CENTRAL INDIANA RY.—Muncle to Brazil, Ind., 127

of which
10 m. trackage.
V. 76, p. 653.
Controlled by Clev. Cine. Chic. 4s St. Louis
and Penn. RR. Interests. - Bonds, guaranteed by Clev. Cine. Chic. 4b St. L.,
are limited to $20,000 per mile;
outstanding. $1,500,000. V. 77, p. 517,
2279; V. 78. p. 1906, 1961.
Stock authorized,$120,000. Cal. year 1909.
gross, $176,579; def. under oper. exp., $33,550.
In 1908, gross. $139,762.
Pres., Joseph Robinson.—(V. 77, p. 2279; V. 78, p. 1906, 1961.)
m.,

CENTRAL NEW ENGLAND RY.—Owns from Campbell Hall, crossing
Poughkeepsie by Its own bridge, to Sllvernalls, 58 m.;
Poughkeepsie, N. Y., to Hopewell, 12 m.; Dutchess Jet., N. Y., to State
line, 59 m.; Poughkeepsie, N. Y., to Boston Corners, 35 m.; total owned
164
the Hudson River at

miles; and leases and controls Hartford 4b Conn. Western RR., Hartford
Rhlnecllff. 109 m.: Wlcopee Jet., N. Y., to Flshklll Ldg., N. Y., 2 m.;
total, 293 miles, of which 20 miles abandoned Oct. 1909.
V. 89, p. 918.
to

ORGANIZATION.—On June 30 1909 the New York New Haven &
Hartford RR. owned $3,420,285 pref. and $4,432,776 common stock, and
$6,368,123 of the $7,250,000 Income and $190,000 first mtge. bonds; also
divisional bonds, viz., the $500,000 Poughkeepsie 4s Eastern 1st mtge. 5s,
all of the $216,000 coH. and $1,164,000 of the $1,164,500 Income N. D. 4b

Conn, bonds and $500,000 (total issue) of Cent. N. E. notes and $1,090,000
notes payable.
V. 85, p. 404, 858; V. 89, p. 469.
In May 1910 the Phlla.
committee made a settlement on the basis of par in cash for the general mtg.
bonds (about $500,000) represented by it, and in July 1910
arrangements
were made for the sale of the minority stock at 45 for the
pref. and 22 V* for
the common.
V. 90, p. 1238, 1296, 1489; V. 91, p. 153.

STOCK.—Common, $4,800,000; pref., 4%, $3,750,000;

J

6b
6b
6b

A Aug 11949
D Aug 1 1929
O Oct 1 1954

120 Broadway N Y
do
do
do

do

6c

D June 1 1919
New York
100 27,436,800 S e text.
Q—F
Aug 1 1910 2% Office 143 Liberty St N Y
1,0001 b45.091.000 /
6b
5 g
J
J July 1 1987
Liberty Nat Bank, N Y
500 6ecJ
\
5 g
Check from treas. off
Q—J
July 1 1987

Steamship Co., and a second Hen upon the main line. Its equipment. 4kc..
and also on the Macon 4b Northern, Mobile 4b Girard, and other divisions.
It also covers all leaseholds, securities, 4bc.
V. 85, p. 605; V. 89, p. 777.

Net operating revenues

July 1 1920
To July 1911
July 1910 2V4%
July 1910 2V1%
July 1 1910 2H

Places Where Interest and
Dividends are Payable

See text.

The consol, mort. (see abstract V. 01, p. 873; also V. 63.jp. 1160; V. 83, p
1347) Is a first lien upon 600 m. (Including former Mont. 6b Eufaula RR.,Sav
4k Western and Sav. 4k Atl.); also on the leases of the South Western and
Augusta 4b Savannah roads and the stock of New England '4b Savannah

Operating income (after taxes)

Last Dividend
and Maturity

6b D June 1 1926
6b
J Jan 1 1947
6b D June 1 1951
6b
J July 1 1947
F
6c
A Feb ’ll-Aug ’26
M
6b
S Sep *10-Sep *28
Oct 1
Nov 1 1945
Oct 1
Nov 1 1945
Oct 1
Nov 1 1945
M
6b N May 1 1937
Various To Jan 1912
F
6b A To Feb 1916
6b
J
J To July 1916
M
6b
S To Mch 1 1917
M
6c
S Mch 1 1912

6b
J
6b
J
6b
J
6c
J
6c
J
6c
J
M
6b
N
F
6b
A
Oct 1
6c D
g J

_

b Includes

par. $100.
BONDS.—In May 1910 application was made to make a new mtge. for
$25,000,000 and to Issue $12,419,000 bonds thereunder to refund outstand¬
ing bonds. V. 90, p. 1362. First dividend on Incomes, 4% for flscalyear
1908-09.
V. 89, p. 592.
EARNINGS.—11 mos., (1909-10
Gross, $2,781,560; net, $1,194,269
July 1 to May 31.
\ 1908-09
Gross, 2,326,984; net,
889,577
Fer 12 months ending June 30:
12 Mos.—
Gross.
Net.
Other Inc.
Balance.
Charges.
1908-09
$2,530,213 $854,013
$56,849
$790,797 $120,065
1907-08
2.108.787
335,868
63,898
397,480
2,286
OFFICERS.—C. S. Mellen of New Haven, Pres.: A. S. May. Treas. and
J. G. Parker, Sec.—(V. 90, p. 1238, 1295, 1362, 1489; V. 91, p. 153.)




[Yol. lxxxxi,

RAILWAY STOCKS AND BONDS.

$1,167,0 00 in treasury July 1909.

CENTRAL PACIFIC RY.

(See Map of Southern Pacific.)
Miles.
Branches to San Jose, 6cc
Cal., to near
Ogden. Utah
871
Leased—
La thro p. Cal., to Goshen, Cal..
to Klamath Falls
Weed
146
Roseville
Junction, Cal., to
Trackage—
297 Into Ogden. 4bc
Oregon State Line
Umbria to Cecil
103
Total
Lines owned—
San Francisco,

ORGANIZATION.—Incorporated In Utah In July 1899

the railroad under the

Miles.
6
35
86

14
1,551
of

as successor

plan of readjustment In V. 68. p. 378.
STOCK.—(1) Common Stock. $67.275,500. all held by Sou. Pac. Co.
(2) Preferred stock, 4% cumulative, authorized Issue $20,000,000, to be
delivered to Sou. Pac. Co. In consideration of Issue of equal amount of Sou.
Pac. Co. 4% collat. trust gold bonds; of which delivered on completion of
readjustment $12,600,000; reserved for Improvements, $3,000,000; reserved
to be delivered for Improvements and additions at not over $200,000
yearly, $5,000,000; outstanding, $13,800,000.
DIVIDENDS.—On pref.. 4% yearly to 1909, Inclusive.
On com.. Is
1906-07, 6%; In 1907-08, 6%; In 1908-09, 6%.
BONDS.—First refunding mtge. gold 4s, $100,000,000.
V. 69, p. 808.
and V. 70, p. 739; V. 78, p. 228; V. 87, p. 225, 285, 479; V. 88, p. 52.
Thirty-gear gold 3 Vis, $25,000,000, secured by a second Hen upon aU the
properties covered by the 1st ref. mtge. and also by deposit with the Trus¬
tees, as acquired, of all securities and moneys held In any sinking fund of the
Central Pacific

Ry., consisting July 1 1909 of $8,521,020 In securities and

$21 cash, and by a trust deed upon all the lands covered by the mtge. 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 are
made from time to time; In Feb. 1900 $2,505,000 3 Vis were canceled and
to July 1909 $6,131,000 additional had been canceled, reducing those out¬
V. 70, p. 739, 1194.
standing to $16,364,000.
The 4% guar, bonds on the Ludn cut-off are redeemable at 107 H on any
lnt. day since Oct. 1909. V. 79, p. 1641.
Guaranty, V. 80, p. 162.
LAND GRANT.—Total land grant was about 12.000.000 acres, of which
about 7,706,612 acres unsold June 30 1909. Sales In 1908-09, 2,967 acres.
Land contracts July 1 1909—prln., $146,589; aver, price per acre, $5 25.
REPORT.—Year end. June 30 1909, gross, $31,306,984; net, $14,053,472; other income, $817,382; lnt., taxes, sink, funds, 6bc., $6,808,463; dlv,
on pref. stock (4%), $548,000; div. on com. stock (6%), $4,036,530; bal.,
sur., $3,477,861, of which payable to Sou. Pac. Co. under terms of lease.
$1,514,917, leaving $1,962,944.—(V. 87, p. 225, 285, 479; V. 88, p. 52.)
CENTRAL RR. OF HAITI.—Incorporated under the laws of the State of
New York March 19 1909 with $1,250,000 full-paid common stock (In
shares of $100 each), and took over the following corporations by purchase
of all their assets: (1) The Plaine du Cul de Sac RR. Co. of Haiti, a 61-mUe
road, incl. 16 miles building; (2) the Port-au-Prince Wharf Co., all the stock
and bonds of the former and the bonds of the latter having been pledged to
secure the bond Issue (limited to $800,000) above described.
The above-mentioned collateral securities carry with them a guaranty on
the part of the Gov’t of the Republic of Haiti for the payment of an annual
subsidy of $41,280, U. S. gold coin, for which guaranty 20% of the Govern¬
ment’s revenues from the duties on cocoa and logwood are pledged, which
total revenues exceed by about 10 times the amount of this guaranty.
V. 89, p. 162.
N. Y. office, 25 Broad St.—(V. 89, p. 162.)

CENTRAL RR. OF NEW JERSEY.—(See Map Reading System.)—Oper
Jersey City, opposite New York City, westerly to Wilkes-Barre
and Scranton, Pa., and the neighboring anthracite coal fields: also southerly
to the seashore resorts of New Jersey and to the Delaware River.
ates from

Lines owned in

fee—

Jersey City to Phllllpsburg
Sundry branches.

Miles.

Miles.

Nesquehonlng Valley*
17
84 Lehigh & Susquehanna. Phllllpsburg to Union Jet., Ac
171
72

Entire stock owned—
New York & Long Branch RR.,
Wilkes-Barre A Scranton*
Perth Amboy to Bay Head
38 Other lines
New Jersey Southern RR., Long
Trackage—
Branch to Atslon, 6s c_
76 Union Coal RR
Other lines (no debt)
_147 Allentown Term. (oper.jolntly)-_
Leased (mostly for 999 years)—
Other trackage
* See this
Dover & Rockaway RR
5
company.

Ogden Mine RR*
There

are

5
3
10

3
€

10

Total oper. July 1909
263 miles of second and 41 miles of four tracks.

648

HISTORY.—Reorganized In 1887 without foreclosure—see plan V. 44, p.
Concerning coal properties, see Lehigh 6s Wilkes-Barre In “Sup-

714, 716.

Jan. 1903Co.(p.acquired
Leh. Coal stk.
6s Nav.
In ”Miscellaneous”,
in
Jlement”
*01 Reading
159), and$14,504,000
V. 72,
p. 86, 136, 241, 391,
an.

721.

June 30 1909 owned $1,600,000 Leh. Vail, stock, which was no-

ported as sold In Sept. 1909.
DIV.— \ *91. *92 to *94. *95. *96. *97. *98. *99. *00. *01. 1902 to Aug *10
Percent
J 6*4 7 y’ly.
Also 2% special on Dec.

5H
4H
4
4
5
5
5
8 yearly (Q-F)
15 1909 and June 25 1910 from proceeds of 6 VI %
dividends on Lehigh 6s Wilkes-Barre Coal Co. stock owned.
V. 89, p. 1410;
V. 90, p. 1612.
BONDS.—For general mtge. abstract, see V. 45, p. 402.
The $20,000,000 Lehigh 6c Wilkes-Barre consol, serial 4s are guar.
prln.
and lnt., and mature $2,500,000 every 5 years beginning June 1 1915;
$16,996,000 have been sold, $2,691,000 are reserved to retire the 5s due
Nov. 1 1912 and the remaining $313,000 are unissued or in the treasury.
V. 90, p. 1296, 976.
Interest at Liberty National Bank., N. Y. City.
Equipment Mortgage 4s.
Interest. Outstanding. Instal. of Prln. due Y’ly.
($ 1,000 each)
Date.
Ser. B
1902
4% Var.
$500,000 $250,000 to May 1 1912
Ser. C
1903
4% A6bO
1,050,000
350,000 to April 1 1913
Ser. D
($750,000).1905 4% M6sS In treasury 150,000 to March 1915
Ser. E ($2,100,000)^1906
4% F6sA
do
do
350,000
1911 to 1916
Ser. F
($770.000).1907 4% J6cD
do do
110,000 to June 1 1917
-

<4




see notes on

Date
Bonds

Miles
Road

RAILROAD COMPANIES

[For abbreviations, Ac.,

first page]

Central RR of N J—(Concluded)

L A W B 5s of 1912 sk fd not guar (not drawn)_FP.c
L A W B con M $20,000,000 serial g guar
PeP.
Am Dock A Imp Co 1st M guar redeem at 110
c*
N Y A L Br gen M g lnt gu Jointly ($192,000 5s) _Ce
Lehigh A Hud Rlv gen M gold guar jointly
Ce.c*

Central RR of Penn—1st M $1,200,000 ext 1908..FP
Central RR of South Carolina—First mtge gold
c
Cent Ry of So Car—First M $150,000 g gu red
CP
Central Vermont—Stock $3,000,000
Pint M $12,000,000 gold traffic guar
AB.cAr
Oar trusts $15,000 or $16,000 due quarterly
Locomotive trusts $20,000 due yearly (V 83 p 751).
Montreal A Province Line Ry 1st M guar p A 1
c
0 V Trans IstM ggu p AI,$12,000or$13,000due s-aBa

^

_

38

40
7
_.

_

Charleston Terminal—First M $1,000 000 gold.S.c* Ar
Charleston Un Sta—1st M$400.000 ggu(text).Eac* Ar
Charleston A West Car—IstM g($8,000 p m)_Ce.c*Ar
Income mtge gold non-cum ($7,000 per mile)..G.c*
Augusta Terminal Ry 1st M gold guar p A 1 end.-Ce
Charlotte Monroe A Columbia—First M $70,000 gold.
Charlotte Columbia A Augusta—See Southern Ry
Chartiers—See Plttsb Cincinnati Chicago A St Louis
Chat A Lake Placid—Sar A Lake Placid 1st M g.Ce.c*

AB

Consolidated mortgage $110,000

Chattanooga Stat—1st M $1,000,000 g gu(text)Ta.cAr
Chesapeake Beach—First mtge see V. 81. p. 974. N.c*
Chesapeake AOhlo—Stock ($100,000,000 authorized)
First mtge of 1911 Peninsular Extension gold
c*
Termlnaf 1st M 1922 covering 8 m to Phoebus g..c*
First consol mtge for $30,000,000 gold
Ce.c’Ar
Rich. A All Dlv 1st A 2d Ms ($1,000,000 2ds).Ce.c*
Craig Valley Branch first mortgage gold
Ce.c*
Warm Springs Branch first mortgage gold
Ce.c*
General mortgage (for $70,000,000 Ac) gold—Ce.c*
Paint Creek Stanch 1st M $750,000 gold
Ce.c*
Klneon Coal mtge assumed redeem since Oct 1905
Greenb A New Rlv RR 1st M g asa’d fV 75 n 5«2>

All
•

40.6
...

EARNINGS.—For 11 months ending May
Net.
Gross.

31:

11 Months—
1909-10
1908-09

.

•

*

-

-

-

340

22

10
10

16)4

.

34
—

-

Amount

Rate

When

Outstanding

%

Payable

1888
1910
1881
1891
1890
1893
1881
1906

$1,000
1,000
1,000
1,000
1,000
500 Ac
1,000

$2,691,000

500
100

1899
1905
1906

1,000 Ac

150,000
3,000.000
11.500.000

1,394
21
-

-

18

Charges.

100 Ac

1909

1,000

1903
1907
1896
1896
1897
1902

1,000 Ac
1,000 Ac
1,000
1,000
1,000
1,000

1893
1896
1900
1907
1898

1,000
1,000

1,000 Ac
1,000
100

1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
$1,000
500 Ac
$1.000

Bal.. surv

$25,724,463 311,677,134 $5,555,706 $6,121,428
4,206,727
23,415,038
9,957,095
5,750,368
ANNUAL REPORT.- -The report for 1908-09 was in V. 89, p. $43.
1908-9.

Eamings from—
Coal.

jnc> ^ DeC'
+ $54,541
—932,646
—28,784
4,282,704

1907-8.

$8,422,597
8,166,369
4,253,920

$8,368,056
9,099,015

1.225,392

1,434.639

—209.247

$22,068,278 $23,184,414--$1,116,136
$9,917,848 —$410,087
$9,507,761
—207,776
1,635.229
1,427.453
$10,935,214 $11,553,077 —$617,863
—$186,747
$3,021,183
$2,834,434
+ 152,324
2,342,696
2,495,020
1,065,726
+ 2,046
1,067,772
—300,000
2,300,000
2.000,000
2,194,000
2,194,000

Net earnings.
Other income.

Rentals paid
Taxes
Renewal funds, Ac.
Dividends (8 %)----

$343,044

Balance, surplus

$628,529 —$285,485

697, 976, 1296, 1612, 1675; V. 90, p. 93.
CENTRAL RR. OF PENNSYLVANIA.—See page 164.
CENTRAL RR. OF SOUTH CAROLINA—Owns from Lane. S. C.. u
Sumter, S. C., 40.2 miles; spurs, Ac., 1.61 m.; total, 41.81 m.
Leased t*
Atlantic Coast Line RR.; rental $31,000 yearly and taxes.
Stock. $170.
000; par, $50.
In 1908-09, rental, $31,000; general expenses, $255; lnt.
$18,000; divs. (7.6%), $12,920; balance, deficit, $175.—(V. 64, p. 887.)
CENTRAL RY. OF SOUTH CAROLINA—(V. 82, p. 927.)
CENTRAL VERMONT RY.—Operates from Rouse’s Point, at north end
of Lake Champlain, to New London, Conn., with branches, 536 miles In all
—(V. 90, p. 236, 502,

ef which 160 miles leased, viz.: New
121 m.; Montville Branch, 3; West

London A Northern fsee that co.»,

River RR., 36 m. V. 68, p. 1076.
SECURITIES, Ac.—The Grand Trunk Ry. holds $2,185,100 of the $3,
000.000 stock, and under a traffic contract will make good any deficiency
In earnings to meet Interest on the new firsts up to 30% of Grand Trunk
gross receipts from traffic Interchanged.
Form of guaranty, V. 85, p. 283.
Central Vermont Transportation guaranteed 5% bonds, V. 88, p. 1252.
BARNINGS —11 mos., /1909-10
Gross, $3,470,425; net, $848,503
July 1 to May 31.
Gross, 3,202,035; net, 699,455
\1908-09
Year—
1908-09.
1907-08

Gross.

Net.

Other Inc.

Charges.

Bal. ,Sur.

$3,795,332

$693,164

$22,980

$713,027

$3,117

3,725,286
13,840
710,667
700,380
3,553
OFFICERS.—Pres., Charles M. Hays; Clerk and Treas., W. H. Chaffee
St. Albans, Vt.—(V. 87, p. 1009; V. 88, p. 1252; V. 89, p. 1223.)

CHARLESTON TERMINAL CO.—ROAD.—Owns terminal road In
Charleston. S. C., 5.02 miles; track laid with 60-lb» steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of land,
4 cotton compresses. Ac., on the city’s water front, these being connected
by its own road with the other railroads entering the city. V. 77, p. 298,
148.
Stock, $200,000, owned jointly by Atlantic Coast Line RR. and
Southern Ry which agree to mak** good any defi'lenoy In Interest on bonds.
EARNINGS.—Gross, year ending June 30 1908, $194,209; net lnoome,
$70,377; lnt. and taiee. $44,852; bad., sur., $25.525.—(V. 77. p. 146.)

CHARLESTON

UNION

STATION CO.—Owns passenger station

at

Charleston, S. C., used by Atlantic Coast Line and Southern Ry., which each
owns one-half the stock and guarantees the bonds, p A 1, by endorsement.
Rental covers Interest on bonds and 4% on stock.
V. 84, p. 50.
CHARLESTON & WESTERN CAROLINA RY.—Port Royal. S. C.. via
Augusta, Ga., to Spartanburg. S. C., 245 m.; branches to Anderson and
Greenville, S. C.. 94 m.; leased, 2 m.; total, 340 m.
Entire stock and por¬
tion of Incomes owned by Atl. Coast Line Co.
V. 66, p. 38, 335. Div. on
Incomes, 2% for 1903-04; 3% for 1904-05; 5% for 1905-06
STOCK.—$1,200,000; par, $100.
See Augusta Term. Ry. V. 66, p. 383.
EARNINGS.—11 mos., (1909-10
Gross, $1,464,717; net, $420,590
July 1 to May 31.
\1908-09
Gross, 1,310,521; net. 354,306
REPORT.— For year ending June 30 1909, gross, $1,410,029; net (before
taxes), $338,719, against $262,505 in 1907-08.
In 1907-08, gross, $1,408,139; net, over taxes, $191,632; other inc., $23,357; lnt. on bonds, $172,000;
hire of equipment, Ac., $39,114; surplus, $3,874.
Pres., J. B. Cleveland,
Spartanburg, S. C.; Sec., R. D. Cronly, Petersburg, Va.—(V. 73. p. 1207.
CHARLOTTE MONROE & COLUMBIA RR.—McBee. S. C.. on Seaboard
Air Line, to Jefferson, 22 m.
Stock. $48,000. For year ending June 30
1909, gross, $15,402; net, $5,673; lnt. on bonds, $2,173.
Control pur¬
chased Sept. 1909 by Ohio parties.
V. 89, p. 1346. Pres, and Gen. Supt.,
Loran A. Kerr, McBee, S. C.; Sec. and Treas., W. S. Blakeney.
CHATEAUGAY & LAKE PLACID RY.—(See Map Del. A 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 $1 and

transportation of freight to the State’s Prison at Dannemora.

Stock, $3,450,000, of which $3,000,000 Is 4% pref., the latter all owned
by D. A H.
V. 84. p. 50.
Leased to the Delaware A Hudson until Dec.
31 2403, any balance over expenses of operation. Interest, taxes, main¬
tenance, damages, dividend on pref. stock, Ac., to go to the lessor.
The
lease Is subject to revision at 5-year Intervals s'nee Jan. 1 1908 on request of
-either party.
V. 81, p. 613. There are also $24,000 Saranac A Lake Placid
2d 5s due Nov. 1 1913.—(V. 81, p. 613; V. 84. p. 50 . 930.)

CHATTAHOOCHEE & GULF RR.—Columbia, Ala., to Floralia. 92 m.
LEASE.—Leased in 1900 In perpetuity to Cent, of Georgia Ry. for 6% on
$436,400 stock and $336,000 bonds, of which 1% to be used as a sinking
fund for retirement of bonds, upon completion of which rental will be 5% on
stock, payable J-J.
See Cent, of Ga. Ry.—(V. 81, p. 1722; V. 87, p. 1663.)
CHATTAHOOCHEE VALLEY RR.—Standing Rock. Ga., via W. Point, to
Jester, Ala., 34 m.
Stock auth., $1,600,000; Issued. $110,000; par, $100.
Bends, see table above.
For year 1908-09, gross, $92,080; net,$29,161.




4,987.000

2,500.000
1,062.000
600,000
300.000

5
4
5
4 A
5
3
6
•

6 g
g

M
J
M
J
J
100 held
Q —F
Q —M
Q —F
Sc
\
o
A
A
o
M A N15

g
g

4X
4H
4 X
4 g
5 £

800,000
250,000
2.720,000

4
4
5
5
6
5

2.380,000
600,000
70,000

N
D
J
S
J
N
J
J

J
J

4 g

189,000
200,000
275,000

A
A
A
A
A
A
A
A

M

Last Dividend
and Maturity

g

$2,185.

295,000
120.000

i ,ooo

1907
1900

18811
1882
1889
1890
1890
1891
1892
1905
1901
1891

16,996,000

1,000

-

74
10
697
241
26
25

•

Par

Value

—

Charleston A Savannah—See Atlantic Coast Line RR.

tree

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS,

26

g
g
g

J
J
A

g
g

A
A

Nov 1 1912
Liberty Nat
do
June 1 *15-’50
do
July 1 1921
do
Sep 1 1941

Bank N Y
do
do
do

Irving Nat Ex Bk, N Y
Fidelity Trust Co Phlla
Bankers Trust Co, N Y
Colonial Trust Co Plttsb
Jan 1 1926
by Grand Trun k Ry of Canada
Blair A Co N Y; A Bost
May 1 1920
Sept *10-Mch’15 Blair A Co New York
Aug 1911-1916 Royal Trust Co Montreal
Oct 10 Aor *17
Amer L A Tr Co Boston
Oct 1 1950
Nov ’lO-May’21 Bankers’ Trust Co, N Y

July 1 1920
May 1 1923
July 1 1921

A
A
A

J July
J Jan
o Oct
Oct
Oct
A
o Apr
A
o Oct

120.000 5 (6) g M
6
J
50,000
5
J
60,000
4 g
J
850.000
5 g
J
1,000.000
62,798,300 See text.
Q
6 g
A
2,000,000
6 g
J
142,000
M
5 g
27.858,000
4 g
J
7,000.000
5 g
J
650.000
M
& g
400,000
44,414.000
4)4 g M
4 g
F
539.000
5 g
A
200.000
5
g
F
$339,000

Places Where Interest and
Dividends are Payable,

N Nov
D Dec
AJ15 July
A
J Jan
A
J July
VI
June
A
O Jan
D June
A
A
N May
A
J Jan
A
J July
S Mch
A
S Mch
A
A
A Feb
A
O Oct
A
A Aug
A

A

—

Standard Trust Co N Y

1 1953

Equitable Trust Co, N Y

1 1937
1 1946
1 1946

Central Trust Co N Y
Guar Tr N Y If earned
Central Trust Co N Y
Rich T A S D Co Rich Va

1 1947
1 1932

15 1920
1 1957

1 1923
30 *10 IX
1 1911
1 1922

1 1939
1 1989
1 1940
1
1
1
1
1

Nassau St New York
Boston, Mass
Amer L A Tr Co Boston
Trust Co of America, N Y
In default

32

1 1913
1 1916

1941
1992
1945
1915
1942

Of floe, 71 Broadway, NY
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Cent Tr A S Dep Co Cln O
J P Morgan fr Co N V

CHATTANOOGA SOUTHERN RR.—Owns road from Tennessee State
Round Mt. branch, 3 m.; trackage to Chatta¬
In Mch- 1910 Newman Erb and associates
purchased control, but the stock and the securities of the former Railway
Co. deposited with reorganization committee will be sold on Aug. 1 1910,
presumably to clear title. V. 91, p. 214. Stock, common, $2,250,000;
E. C. Osborn, 31 Nassau St., N. Y., Is receiver.
pref., $750,000.
V. 84,
p. 995. Year 1908-09, gross, $80,578; def. oper., $42,684.(—V. 91, p. 214.)
CHATTANOOGA STATION CO.—Owns union passenger station opened
Dec. 1 1909 and approaches at Chattanooga, Tenn., used by the Southern
Ry., Central of Georgia, Alabama Great Southern and Cln. N. O. A Texas
Pacific, which each owns one-fourth of the stock and guarantees the bonds
Rental covers bond Interest
Jointly and severally, p. A 1., by endorsement.
and 4% on stock.—(V. 84, p. 50.)
CHERRYVALE OKLAHOMA & TEXAS RY.—(V. 89. p. 918.)
CHESAPEAKE & OHIO RY.—(See Map.)— Operates from Newport
News.Va., and Wash D.C.. to Cln .O., and Loulsv.. Ky., with branches.
Controlled by stock—
Miles.
Lines owned in fee—
Miles
Bridge—Uovlngton-Cinclnnatl
2
Old Point Comfort and Newport
Coal River Ry., St. Albans to
News, via Charlottesville, to
Clothier, W. Va., and branch
64
Big Sandy River
‘.513
Lines leased—
Richmond via Lynchburg,to Clif¬
21
ton Forge, Va
..230 Sundry branches leased
84
Branches In Va. and W. Va
442 Trackage to Louisville—
Trackage
to
Washington,
C.
85
D.
Big Sandy River to Covington..150
31
Denton. Ky., to Lexington
103 Other trackage
Big Sandy Jet. to Elkhom City,
line to Gadsden, Ala., 87 m.;
nooga, 5 m.
V. 61, p. 830.

,

,

_

Total system June 30 1909.-1.897
with branch
128
38u
Branches In Kentucky
5 Second track i304 owned)
Also owns one-sixth Interest In the Richmond-Washington Co.

foreclosure.

The stock¬

syndicate headed by Edwin Hawley acquired about

$24,000,000

HISTORY, Ac.—In 1888 reorganized without

holders * voted Oct. 19 1909 to purchase the Coal River, Raleigh A
Southwestern and Virginia Air Line railways.
V. 89. p. 720. In Jan.
1909 a

stock, giving them virtual

control.

V. 88, p. 294.

Owns $6,924,200 of

March

the $11,000,000 Hocking Valley common stock, having acquired in
1910 the five-sixths interest of other roads therein; also purchasing at the
same time jointly with the Lake Shore control of the Kanawha A Michigan.
V. 90, p. 771, 849, 977.
In June 1910 the Chic. Cln. A Loulsv. (283 miles,
incl. 18 miles trackage) was acquired at foreclosure sale, the Ches. A Ohio

take over the road. Its
stock and $8,200,000 bonds to be owned and held In
A Ohio Ry. V. 90, p. 1675; V. 91, p. 93, 214.
STOCK.—Authorized stock was Increased to $100,000,000 April 28 1910
to provide for convertible feature of new bond Issue.
See BONDS below.
DIVIDENDS.—1899 to 1908, both inclusive, 1% yearly.
In June 1909,
1% (quar ); Sept., 1%; Dec., 1%; 1910, Mch., 1%; June, 1X%*
BONDS.—Abstract of consol, mtge. of 1939 In V. 49, p. 147; V. 86, p.
1588; of Richmond A Allegheny mtges.. In V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. Wickham,
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile may
be Issued for double-tracking.
See full abstract of mortgage In V. 54, p.
644.
In June 1909 $31,131,000 were reserved to retire underlying bonds.
V. 83, p. 1469, 1523; V. 84, p. 626, 157.
The general funding and Improvement mtge. (limited to $30,000,000)
funded $7,500,000 notes and will provide for future requirements for exten¬
See limitation as to Issue under
sions, Improvements, equipment, Ac.
convertible issue of 1910, below.
V. 87, p. 1663; V.88, p. 99, 157, 1312.
The stockholders voted April 28 1910 to authorize an issue of $37,200,000
20-year 4H% convertible gold bonds, of which $31,390,000 has been sold,
to provide for purchase of majority stock of Hocking Valley Ry., half¬
interest In majority stock of the Kanawha A Michigan, the acquisition
of the Chicago Cincinnati A Louisville after foreclosure sale, equipment,
Stockholders were offered the prior
Improvements, working capital, Ac.

RR. of Indiana being Incorporated In July 1910 to
entire $3,000,000
treasury of Ches.

right to subscribe for the bonds at 93 X and Interest.
The bonds
redeemable after 1915 at 102 X and convertible at par at the option of
the holder into stock between May 1 1911 and Feb. 1 1920.
Any future
mortgage on lines owned In 1910 must secure equally the convertible 4 Xs
and must provide that so long as any convertible bonds remain out (1) the
issue of general funding and lmpt. bonds shall be limited to the $11,000,000
already Issued and (2) that no pref. stock shall be Issued and no stockldlvldend be distributed.
V. 90, p. 771, 848.
Louisville A Jeffersonville Bridge.—See separate statement for that oo.
Of the Greenbrier Ry. 4s of 1900, guaranteed prin. and lnt., and assumed In
1903-04, $1,000,000 are reserved for extensions and Improvements.
See
Of the
guaranty, V. 72, p. 626; see also V. 71, p. 554, 602; V. 79, p. 915.
Big Sandy 4s of 1904, remaining $229,000 Is reserved for extensions.
V. 79,
p. 917; V. 82, p. 297; V. 87. p. 225, 414. 1418.
Guaranty, V. 81, p. 668.
Of the $3,000,000 Coal River 4s of 1905, $550,000 Is reserved for exten¬
sions and improvements.
V. 80, p. 2219; V. 83, p. 693; V. 89, p. 720.
Paint Creek. Br. 4s $211,000 reserved for extensions.
V 81, p. 974, 910.
Raleigh A Southwestern 4s, V. 84, p. 1114; V. 89, p. 720.
Car Trust Series 4% Gold (Denomination $1,000 each).
are

Date.
“A” 1901
"B” 1902
"C” 1902
“D” 1903
"E” 1903
‘•F’* 1904
"G” 1905
"H” 1906
“I”
1906
"J” 1906
“K” 1906
“L” 1907
1907
Equip, corp.

Outstanding.

$100,000
400,000
-

250.000
600,000
350.000
315,000
900.000
960.000
600.000
1.140.000
1.040.000
1.459.000
1 456.000

“M”

notes

Mature in Installments.
Aug. 1911
Last Installment.
Aug. *15*11*12 $200,000 yrly.
Sep. ’10-Sept. *12 50,000 S.a.
Aug. ’ll-Aug *13 200,000 yTly.
Dec. ’10 Dec. *13
50,000 S.a.
Dec. ’10-Dec. *14
35.000 s.a.
Oct. ’10-April *15 90.000 S.a.
Oct. *10 April *16 80.000 S.a.
Dec. ’10 June *16
50,000 s.a.
Feb. ’ll-Aug. ’16 95,000 S.a.
Oct. 15’10-Oct.*16 80,000 s.a.
Jan. *11-Jan. *17 113.000 S.a.
Feb. *11-Feb. *17 112,000 s.a.

None July 1910

h*

BONDS

RASATNIOLWCDKY

19 0.]

July.




28

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES

,

r

[For abbreviations, Ac.,

see notes on

Miles
Road

first page]

Chesapeake A Ohio—(Concluded)
Greenbrier Ry 1st M $3,000,000 g assumed
Ta.c*
Big Sandy Ry first mtge $5,000,000 gold
Ce.c*
Potts Cr Br 1st M $1,000,000 auth (V.83,p.693) Ce.c*
Coal River 1st M g assumed
Ce.c*
Raleigh A Southw 1st M $1,500,000 g assumed..Ce
Virginia Air Line 1st M $900,000 g assumed
c*
Gen fd A imp M $30,000,000 red 107
Usm.xc* Ar*
Convert gold bonds$37,200,000redtext.Usm c*Ar*

100
85
20

63 H
30
—

'«■

— —

Par
Value

Date
Bonds

Amount

Rate

When

Outstanding

%

Payable

$1,902,000
4.719.000
600,000
2,450,000
750.000
900,000
11.000.000
31,390,000

4
4
4
4
4
5
5

4 g
4
4 g
5
4H

Ac

820,000
450,500
a4.500,000
500,000
750,000
114,000
51,000
9.500,000

500 Ac

See text
666.000

1900
1904
1906
1905

$1,000
1,000
1,000
1,000

1906

1,000

1907
1909
1910

1,000
1,000 Ac
1,000 Ac

1888
1888
1895
1898
1905
1906
1906

1,000
1,000
1,000
1,000
1,000
1,000
1,000

[Yol.

g
g
g
g
g
g
g

M
J
J
J
J

M
J

4H g F

A
A
A
A
A
A
A
A

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

J P Morgan A Co N Y
do
do
do
do
do
do
do
do
do
do
do
do

N Nov 1 1940
D June 1 1944

J
D
J
N

lxxxxi

July 1 1946
June 1 1945
July 1 1936

May 1 1952

J Jan l 1929
A Feb 1 1930

Guaranteed Bonds

Elevator Co first mortgage gold p A 1 guar
Ce.c*
Second mtge for $500,000 Income non-cum
c*
Louis A Jeff Bdg 1st M $5,000,000 gu p A 1 end-.c*
Norfolk Term A Trans 1st M (V 67 p 322) guar p A 1
Western Pocahontas Corp 1st M (V 84 p 995)
do
do
do
Extension No. 1..
do
do
do
Extension No. 2..
nichmond-Wasi|n"ton <’o b>ne-sDt!> interest)

...

_

_

_

_

_

_

Chesapeake & Ohio Ry of Indiana—New mortgage
Chesapeake Western—C A W HR 1st M gold
N
Chesapeake Western Ry mtge $1,435,000 g
Eq.c*
Chesterfield & Lancaster—1st M $750,000 gold-.K.c*
Chestnut Hill RR—Stock rental PAR Ry
Chicago & Alton RR—Common stock
Preferred stock 4% non-cumulative
4% cumulative part and prior lien stock
Chic A Alton RR (old) ref M g (see text). IC.xc* Ar*
First lien (old Ry.) M subject to call at par._F.cAr
Debentures $2,000,000 authorized, subject to cali.Ce

27
41
36
4
-

-

Ser D g eu due $113,000 s-a..Me
$82,000 Ser E due s-a
Me
do
do
Ser F $13,000 due s-a
Miss Klv Br 1st M g assumed s f drawn at 100
c*
Kansas City St Louis A C preferred stock guar
Joliet A Chicago 7% stock perpetual guar by C A A
Louisiana A Missouri guaranteed preferred stock
.

a

.

50

100

-

889
943

1.000 Ac
1,000 Ac

1899
1900

1907
AH

_

do
do

1,000
1.000

1901
1905

100
100

Impt and equipt M $18,000,000 red 107 H aft 1915
Secured gold notes convert red text
Joint equip notes ($9,500 due s-a) (V 76 p 47)
C A A Eq Assn cts Ser A BAC g gu$160,000 s-a..Me
do
do

1000

1903
1910
1896

1910
1910

1,000

1908
1909

1,000
1,000
1,000
1.000
1,000

1877

1,000

M

...

•

•

•

162,
37

101

(iuat an teed

1905
1906

_,

_

_

100
100
100

_

....

_

_

_

„

Joint!

y

and

CHESAPEAKE & OHIO RV. (Concluded).
Interest paid semi-annually as Indicated by maturity date:
"A" and
**B” at Girard Trust Co., Phlla.; “C,” "E” and "F” at office of Blair A Co.,
N. Y.; "D,” "G” and "H” at Fidelity Trust Co., Phlla.; “I.” "J.” “L**
and “M” at Blair A Co.: “K ' at Guaranty Trust Co.
FINANCES.—In Mch. 1910 $31,390,000 4H% convertible bonds were
sold to acquire control of Hocking Valley Ry. and for other purposes. See
Bonds above and V. 90, p. 771.
In June 1910 the dividend rate was in¬
creased from 4% to 5%.
EARNINGS.—11 mos., J1909-10. .Gross, $28,721,609; net, $11,470,304
July 1 to May 31.
\ 1908-09..Gross, 24,213,125; net,
9,307,614
For 7 mos. ending Jan. 31 1910, net after taxes, $6,984,851, agst. $5,542,905 in 1908-09; other lncomq, $405,419; int. and rentals, $3,489,513;
other deductions, $43,898;. balance, surplus, $3,856,859.
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting Is held
at Richmond on the Tuesday preceding the last Tuesday In October.
Re¬
port for 1908-09 was given at length in V. 89, p. 525, 534; editorial, p. 506.
Year ending June 30—
1909.
1908.
1907.
Miles operated
1,897
1,841
1,832
Passenger earnings.
$4,482,004 $5,120,529 $4,888,139
Freight
20.885.511
19,571,609 19,974,861
Express, mail and miscellaneous
1.263.201
933,861
1,151,134
Total earnings

Operating

$26,630,717 $25,843,272 $25,796,861
16,366.837 17,186,747
16,650.307

expenses

Net earnings

$10,263,879
708,863

Other Income
Total net Income
Interest on bonds, rentals, Ac
Taxes

Extraordinary expenses

Dividends

$8,656,525

$9,146,554

762,832

244.360

$10,972,743
$7,183,416

$9,419,357
$9,390,914
$6,868,510 $6,619,958
791,060
734,423
1,347,555
212,449
634,327
(2 %) 1.255,814(1%) 627.907 (1 %)627.907
801.600

Balance, surplus
$61,071
$1,519,464
$497,553
OFFICERS.—Pres., George W. Stevens, Richmond. Va.; 1st V. P..
Decatur Axtell; V.-Ps., C. E. Doyle, H. T. Wickham and F. M. Whitaker;
Sec.-Treas., James Steuart MacKle; Comp., L. F. Sullivan.
Directors—Frank Trumbull, Chairman; Edwin Hawley, Frank A. Vanderlip, T. P. Shonts, H. E. Huntington, F. W. Scott, Decatur Axtell,
George W. Stevens and James H. Dooley. N. Y. office. 71 Broadway.—
(V. 90, p. 502, 771, 848, 913, 1170, 1362; V. 91, p. 153, 214.)
CHESAPEAKE & OHIO RR. OF INDIANA.—Owns Cincinnati, O.. to
Louisville June., Ind., 265 m.; trackage Louisville June, to Chicago, Ill.,
18 m.; total, 283 miles.
Incorp. In Indiana July 1910 as successor to Chic.
Cln. A Loulsv. RR., sold In foreclosure June 23 1910 to Interests Identified
with the Ches. A Ohio.
V. 91, p. 93, 37; V. 90, p. 1675, 1424, 1362.
Stock auth., $3,000,000,and bonds dated July 1 1910 (present issue $8,200,000) all to be owned byChes.AOhlo. V.91, p.153,214.—(V.91,p.93,153.)
CHESAPEAKE WESTERN RY—Owns North River Gap. Va.. to
Bridgewater, 14 m.; leases for 99 years from May 1 1902 Chesapeake A
Western RR., Bridgewater to Elkton, 27 m.; total, 41 m. Projected to tide¬
water «>n Chesapeake Bay, and westerly Into West Virginia coal fields, of
which 14 m., from Bridgewater to North River Gap, is completed.
In 1908
all the stock and bonds were acquired by W. E. D. Stokes. V. 86, p. 1041.
Stock authorized, $50,000,000; outstanding, $1,419,600; of which $608,400 Is preferred.
Ches. & West. RR. has $533,500 common and $31,300
pref. stock outstanding.
C. W. Ry. mtge. of 1901, V. 73. p. 899. 1356.
Year ending June 30 1909 (41 miles), gross, $80,011; net, $13,982; other lnoome, $34,125; lnt. on bonds, $56,760 (not paid); taxes and rentals, $38,189;
bal., def., $46,842.
Pres., W. E. D. Stokes, The Ansonia, N. Y.; Treas.,
W. H. Hall.—(V. 78, p. 2383; V. 86, p. 980, 1041, 1284.)

CHESTERFIELD & LANCASTER RR.—Owns Cheraw, S. C., to Pageland, 38 miles, an extension of 18 m. from Ruby towards Lancaster being
completed July 1907. Bonds (limited to $750,000) are Issuable at $5,000
per mile.
V. 81. p. 1790. There were .Tune 30 1908 $67,000 debenture 6s
outstanding. Stock, $500,000, a majority being acquired In June 1909 by
the Seaboard Air Line Ry.; par, $25.
For year ending June 30 1909, gross,
$54,246; net, $19,948.
Year ending June 30 1908, gross, $62,552; net,
$15,016; othpr Income, $918; lnt., taxes, Ac.. $13,973; bal., sur., $1,962.
Pres., L. G. Haas; Treas., R. L. Nutt.—(V. 89, p. 40.)
CHESTNUT HILL RR.—Owns from Germantown to Chestnut Hill, Pa.,
double-tracked May 1902. Re-leased In 1896 to Phlla. & Read.
Ry., the rental being reduced from 12% to 6% on stock, the latter being
Increased In June 1902 from $120,650 to $195,650.—(V. 75, p. 76.)
4 m.; being

CHICAGO & ALTON RR.—(See Map Toledo St. Louis A Western.) —
ROAD.—Chicago to St. Louis, Kansas City, Ac.. In all 998 miles.
Road owned—

Chicago to East St. Louis, Ill
Sherman, Ill.,to Grove, Ill

Miles.

Road owned—

Miles

280 Mexico, Mo., to Cedar City, Mo.. 50
51 Roodhouse, III., to Kan. C., Mo..251
49 Bloomington to Wann, via Jack¬
Eldred to Barnett
Coai City Line, Ind
sonville, Godfrey and Upper
27
Alton (all In Illinois)
158
Dwight, Ill., to Washington and
Lacon, Ill
81 Trackage to Peoria, Ill., Ac
17
lies to Murrayvllle. Ill
341
Total owned and operated July 1 1909 (210 m. double tracked)
998
Also operates jointly with Cleve. Cln. Chi. A St. L. from Wann to East
St. Louis. 18 m., and with Atch. T. A S. Fe from Joliet to Pequot, 20 m.
The stock of the Peoria Ry. Terminal Co. Is owned by the Chicago A Alton
and Chic. R. I. A Pac. Ry., which guarantee the first mtge. bonds ($1,500,000 auth. Issue) and $280,000 2d mtge. bonds.
V. 81, p. 1099; V. 83.
p. 752. 1171, 1291; V. 84, p. 451; V. 85, p. 159.)
ORGANIZATION.—The (old) railway company was organized In April
1900 and purchased substantially all the stock or the Chic. A Alton Railroad.
The two were consolidated in 1906 per plan V. 82, p. 451, the Railway
changing Its name to the C. A A. Railroad. V. 82, p. 160; V. 70, p. 686, 995.




se

A

4H
4 g

M
F
F
F
A
J

5 g

F

4H

A O Oct 1 1938
Oct 1
Oct 1 1988
A
S Mch 1 1945
A
A
A
A
A

A
A
A
O
D

A

A

4 g
A
1.419.000
4
O
5 g
F
176,000
A
A
•i J—M
6
195,650
A
A
19.542,800 See text F
19,544,000 4 In 1m1< J
A
j
879.300 See text J
A
J
45.350.000
3 g
A
A
O
A
22,000,000
J
3H g J
J
1.666.000
5
A D

As collat.

5

5
2,500,000
4
47.500
1,512.000 4 A 5 g
4 g
1,356,000
1.394.000
4H g
212.000
4H
6 g
50,000
6
1,750,000
7
1,500,000
329.000
7
Clevelan
verally with

M A
S
53
M At
J 16 A D

Feb

do
do
do
do
do
do
do
New York Trust

1 1948

Aug 1 1945
Aug 11945
Oct

1 1946
1943

June 1

do
do
do
do
do

do
do
Co N Y

New York Trust Co N Y
See text
KnickerbockerTrCoN Y
Aug 1 1955
JU e 4 1910 lfe Treasurer’s Office Phlla
Feb 15 ’10. 2% 60 Wall St New York
do
July 15 1910,2%
do
do
July 15 *10. 2%
First National Bank.N Y
Oct 1 1949
do
do
July 1 1950
Junel 1922
do
do
Mch 1 1930
Ad Wall Strppt.
A V
Mch 15 1913
To Dec 15 1912 Equitable Trust Co N Y
To Nov 1915
Mercantile Trust Co N Y
.Tune’10-June’16
do
do

Aug 1 1945

Oct

1 1951

Various
A
D
J
M
A N Sept ’10-Nov ’18
do
do
T» Feb.1919
do
do
A
A
6 Oct 1 1912
60 Wall Street, N Y
0—F
do
do
Aug 1 1910 Ih
do
do
July 5 1910 1%
Q—J
F
A
A Aug 1 1910 3M
do
do
d Clncln nati Chicago A St Louis

STOCK.—The cumulative 4% participating and prior lien stock Is enti¬
tled, In addition to prior right to accumulative dividends at the rate of 4%
per annum, to receive additional dividends equal to the rate of dividends dr~
dared on the common stock of the consolidated company.
In Aug. 1907»
the Toledo St. Louis A Western purchased from the Rock Island the con¬
trolling Interest, viz.: $14.420.0on enpt and $6,380,000 pref. stock.
V. 84,
p. 468, 529, 792. Union Pac. owns $10,343,100 pref. stock. V. 84, p. 1488.
DIVIDENDS. —Semi-annual dividends of 2% on pref. and participating
ind prior lien stocks, paid July 1906 to July 1910, lncl.. and In Aug.
1908 1% and in Feb. and Aug. 1909 and Feb. 1910 2% each extra on par¬
ticipating stock.
Dlv. on common, 1%, paid Aug. 15 1908; 1909, 4%.
(F. A A.); 1910, Feb. 2%; Aug., none.
V. 91, p. 214.
BONDS.—The first Hen (cld Ry.) 3 Ha of 1900 are secured by a direct first
lien on Springfield to Grove, 54 m., and a lien on the remaining property
owned subject to the mtge. securing the refunding 3s of 1899 ana certain
obligations and Hens existing at the consolidation Tn 1906. V. 70, p. 894,
944.
See application to list In full In V. 71, p. 1021. and plan. V. 82. d. 451.
The Railroad (old) mtge. securing the 3s of 1899 will provide funds for Im¬

provements and extensions.
Issuable thereunder

on

Bonds In excess of $40,000,000 were to be

vote of two-thirds of stockholders for extensions of
track, at not exceeding $20,000 per mile, to fund

not over 500 miles main

leased line rental obligations and for future betterments not to exceed
$5,000,000, at not over $1,000,000 per annum, from Jan. 1 1900. In July
1909 $45,350,000 were outstanding.
See circular, V. 69, p. 178; also V. 69*
p. 26. 129, 541; V. 70, p. 429, 739, 995; V. 84, p. 480, 507, 626, 803. 809;
V. 88* p. 99* 293.
1
■
Stockholders of Railroad (old) Co. voted on Sept. 7 1904 to authorize the
issue of refunding bonds In excess of the $40,000,000 then sold and pledged,
viz.. $5,000,000 for betterments and $350,000 for purchase of Quincy Car¬
rollton & St T/niNRv.
V 79. p. 211 967
In Mch. 1910 $2,500,000 3-year 5% secured notes were sold, secured by

deposit of $3,500,000 “equipment and improvement" 5% bonds. Into which
the notes are convertible at par.
Notes are subject to call at par after
March 15 1911.
(V. 90, p. 697, 771, 1296, 1424.)
Purposes Jor which the $18,000,000 New Equip A Imp. Bonds are Issuable
To be Issued pledged as collateral for this note Issue
$3,500,000
To retire 60% of equipment trusts maturing In 1910-19
2,940,000
To retire 15-year 5% debenture bonds
1,666,000
Limited annual appropriations for betterments, new acquisitions,
Ac.. but not exceeding $3,000,000 to March 1913
9,894,000
LATEST EARNINGS./1909-10...Gross, $12,259,659; net, $3,873,155

limps.. July 1 to May 31.U»08-09...Gross, 11,567,817; net. 4,381,449REPORT.—For year ending June 30 1909 was in V. 89, p. 989.
Gross earnings
Operating expenses
Net earnings
Net Income
Hire of equipment and rental
Taxes
Interest on bonds, Ac__

Dividends
Dividends
Dividends
Dividends

on guaranteed stocks—
on prior Hen stock
on preferred stock (4%)
on common stock

1908-09.

1907-08.

$12,500,682

$12,102,790

7,408,598

7,658,410

$5,092,084
$4,444,374
$5,186,101
$4,453,623$367,537
$167,514
380,153
356,733
2.531,126
2,367,440
241,024
241,024
-(8%)70,344 (5%)43,965
781,760
781,760
(4%)781,712 (1 %) 195,420

.

.

.

.

Balance, surplus after dividends..
—
$32,445
$299,750
OFFICERS.—Chairman of Board. Thomas H. Hubbard; Pres., Theo. P.
Shonts; V.-P., Edwin Hawley, Geo. H. Ross and W. L. Ross; Chairman
Executive Committee, Thos. H. Hubbard; Treas.. F. H Davis.; Seo. and
Asst. Treas., J. Steuart MacKle.
Directors—F. P. Frazier, J. J. Mitchell, Edwin Hawley. Thomas H.
Hubbard. Theo P. Shonts, Geo. H. Ross. Joy Morton. F. H. Davis. Edward
Tllden, Wm. G. Beale and H. E. Huntington.—(V. 91, p. 214.)

CHICAGO BURLINGTON & QUINCY RR.—(See
great system of roads extending from Chicago

erates a

Map.)—ROAD—Op¬
westerly, reaching St.

Paul ana Minneapolis. Minn.; St. Louis and Kansas City, Mo.; Omaha, Neb.;
Denver, Col.; Cheyenne, Wyo.; Black Hills, S. D., and Billings, Mont. The
accompanying map shows clearly the system, viz.:
Miles. |
Miles.
215
Lines east of Missouri River - -.4,350 Lines leased.
Lines west of Missouri River. -.4,383 Narrow-gauge lines
73

operated June 30 1909
9,021
$23,657,500 of the $31,000,000 Colorado A Southern com.,
mon stock (practically a controlling Interest) was acquired, affording con¬
nections with the Gulf of Mexico, the C. A S. system Including trackage
aggregating 2,769 miles. V. 87, p. 1663; V. 88, p. 157, 685.
Extension
from Kirby, Wyo., east to the Powder River, 100 miles, Is proposed, of
Total

In Dec. 1908

which 40 miles under construction.

ORGANIZATION, Ac.—This was a consolidation In July 1875 of the
Chicago Burl. A Quincy In Illinois and the Burlington A Missouri River in
Iowa
Numerous subsidiary and other lines have since been merged In
the C. B. A Q., among them Chicago Burlington A Northern, Kansas City,
St. Joseph A Council Bluffs, Hannibal A St. Joseph. Burl. A Missouri. Ac.
Sioux City A Western Ry., 229 m., was merged Dec. 1908. V. 87, p. 347.
In 1901 $107,613,500 of the $110,839,100 stock was exchanged for the

joint 20 year 4% bonds of the Gt. Northern and Northern Pacific, secured
by the deposit of the stock In trust, on the basis of $200 In bonds for $100
stock.
See circular, V. 72, p. 871, and application to list, V. 73, p. 293,
and description of bonds under Great Northern.
CAPITAL STOCK.—The stock has been Increased for the acquisition of
new lines, retirement of over $15,000,000 convertible debentures. Ac.; ln<
1880

a

20% distribution was made.

See "Organization" above.

BONDS.

RASATILONWCDKY
19|0.

July.




[ VOL. LXXXXI

RAILWAY STOCKS AND BONDS,

30
RAILROAD COMPANIES
see notes on first

lFor abbreviations, Ac.,

Miles
Road

page]

Date
Bonds

Chicago Burlington & Quincy—Stock

lawful money
Ce.c*&r* 8,495 1908
Illinois Dlv first mortgage 1 $85.000,000 currency re- \1,648 J1899
11899
(V. 83, p. 625; V. 69. p. 283) /deemable at 105-.NB /
Sinking fund towa Dlv 5s (col trust) drawn at 105.. \ 891 J1879
J
11879
Sinking fund mortgage 4s drawn at 100
c&r
1881
Sinking fund 4s (So W Dlv) drawn at 100
c*&r
370 1881
Denver exten (coll tr) bonds s f drawn at 100-NB.c*
1883
x Debentures for Hannibal 8b St Joseph stock
c*
1,471 1887
x Nebraska ext $20,000 pm (sf notdrawn) NB.c*8sr
J1878
xB 8b Mo RR In NeblLand gr s f drawn at 100. NB\
11878
xCon M $14,000,0001
d>
drawn since 1908./
1881
289
xHannlbal 8b St Joseph cons M now 1st M
F.c*
Gen mtge $300,00U,0ou

•

•

«

59
90

1st Ms Nod 8b Tark Val RRs s f (drawn at par). c*
xRep Val 1st M gpiar (red at par) s f $14,000 yrly—c
Chicago Cincin 8c Louisv—

Series A guar p 8b 1—BB
Equipment trusts, part due yearly
Hoosier Equipment 1st M
VriaoHlfl.nP'.nnR

Par

Amount

Rate

When

Value

Outstanding

%

Payable

$100
1,000 <Scc
1,000 Ac
1,000 Ac
1,000
1,000
1,000
100 6sc
1,000
1.000 Ac
600 Ac
600 Ac
1,000

58.113,000

600 &c

1910
1902
1903

1,000
1,000

9
14

1880
1881
1884
1887
1887
1885
1881
1905

1,000
1,000
1,000
1.000
1,000 Ac
1,000
1.000
1,000 &c

191
817
176

Evansville Terre Haute 8b Chicago Income mortgage
Refund A Imp M (text) gold red at 102HBa.xc*6sr*

»

—

817

b $732,000and c$5,858,000,canceled, not Included. d $2,3 88,000;
i $63,000; k $640,200.
See option of exchange for genera 1 M 4s.

vl

July 1 1910

S Mch 1 1911

A
A

D June 1 1920
J July 1 1919

Second Nat Bank Boston
Bank of Commerce Bost

6
7
6

J
J

1,360.000

5

J
A
J
A
J
J
J
A
D
Various
Q —J
M
A
N
J
A
D
A
A
O
F
A A
M
A
N
A
J
J
M
A
N
A
J
J

5

5
200,000
5 g
150,000
4 & 5
268,938
8,830,700 6 In 1909
6
97,000
6
91,000

2,736,000
27.000
19,855,000
4.626,000
§150,000

12,855.000

6 g
6 g
5
5
6
4 g

1
e $4,259 .000; f $6,4 00,000
V. 88, p. 1060, 11 27. 1559

Chicago

Bank of Commerce, N Y
Bank of Com N Y: A Bos
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Bank of Commerce Boat
do
do
Bank of Nor America NY

{104.000
k897,800

l

N Y Boston and

S
J
J
O
O
S
A
N
N
J
J

5,551,000

4
5
4
4
4
5
4

2

Places Where Interest and
Dividends are Payable

A
A
A
A
A
A
A
A
A
A
A
A

J
J
A
A
M
F
M
M
J
J
M

gl3,381,000

100

Chicago 8c E III—Pref stock 6% non-cum ($10,000 pm)
Danville 8b Grape Creek RR—1st M assumed
c*
First mortgage extension
c*
Consolidated mortgage (for $5,948,000) gold-.Ce.c*
Collateral trust bonds sinking fund
c*
General consol and 1st M $30,000,000
Ce.c*8cr
Chic 8b Ind Coal—1st M $25,000 p m assum.-Mp.c*

Q —J

4

m50,835000
n34,165.000
b2,268,000
c5.905,000
d3,667.000
e7.310.200
8.510,000
f 22 843,000

1,000

1880
1879

equipment, trusts

110,839,100 8 In 1909

Last Dividend
and Maturity

•leu l

1958

July 1 1949
July 1 1949
Oct
Oct

1 1919
1 1919

Sept 1 1921
Feb

1 1922

May 1 1913
May 1 1927
July 1 1918
July 1 1918

Jan

1 1912

Jan 1909 coup last paid
Dec 19 >8 coup last paid
In default
July 1 1910 1H Hanover Nat Bank N Y
Central Trust Co N Y
May 1 1920
Fourth Nat Bank N Y
Dec 1 1931
Central Trust Co N Y
Oct 1 1934
do
do
Feb 1 1912
do
do
Nov 1 1937
Jan 1 1936
Metropolitan Tr Co N Y
Farmers’ L A Tr Co N Y
May 1 1920
Bankers* Trust Co N Y
July 1 1955

July 1909 1912
To June 1913

n

sinking fund (canceled)

;

V

.

89.

p.

;

g

$8,698,800:

40.

i

*99 to Sept.*01. *02to July’07. Oct.’07. ’08. 1909.
1910.
6 yearly
8
7 yearly
8
8
To July, 6
BONDS.—In April 1909 the holders of bonds of various Issues (marked
Mx” above) were offered the option of exchange for general mortgage 4%
bonds on certain terms.
V. 88, p. 1060, 1127, 1559; V. 89, p. 40, 720,
1141.
The general mortgage bonds ($300,000,000 authorized Issue, Interest
not to exceed 5%) are a first lien on about 3,070 miles of road and on retire¬
ment of the outstanding underlying bonds, for which bonds are reserved as
below noted, will be a first lien on the entire mileage owned, aggregating
8,495 miles.
The bonds have been Issued or are Issuable as follows (see
V. 86, p. 1342. 1466: V. 88, p. 504, 685.)
Reserved to retire outstanding bonds of previous Issues aggre¬
gating $167,565,000 (of which $17,428,300 were held In
various sinking funds).
$175,000,000

DIVS. 11893.

Perct./ &H

Issuable to meet expenses of retiring said prior bonds
Issuable for reimbursing the treasury for outlays already

by it for betterments and additions ($22,000,000

made

sold)

2,000,000

45,000,000

Issuable for additions, Improvements and betterments of and
to the mortgaged property (of which $13,724,000 sold)—
78,000,000
In Jan. 1909 $20,000,000 general 4s were sold, of which $13,724,000 were
used to purchase $23,657,500 Col. 8s South, com. stock, $6,000,000 for

acquisitions and lmprov’ts and $276,000 to retire old bonds. V. 88. d. 685.
The Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth on the Mo. River, 272 miles, and on 621
miles of branches and 86 m. of second track.
These bonds have a s. f. of
1
($203,800) yearly, for which the 4s are subject to call at 100 and the
5s at 105.
The single main line and branches covered “shall not exceed In
the aggregate 900 miles** at $16,000 per mile; on second track additions1
$14,000 per mile. V. 65, p. 462.
The Nebraska extension bonds of 1887 are Issued at $20,000 per mile foi
single and $10,000 per mile for second track on not exceeding 1,500 miles.
On merger of roads In Nov. 1907 the mtge became a direct first lien.
Ab¬
stract of deed. V. 45. p. 441: V. 85. p. 721.
Burlington A Missouri HR. in Nebraska consol, mtge. of 1878 Is now a
first mtge. or first coll, lien; they are subject to call for the sinking fund at
par; the “exempt” bonds since 1908; $237,800 retired In 1909.
EARNINGS.—11 mos.J 1909-10..Gross, $80,769,043; net, $23,132,622
July 1 to May 31.
\ 1908-09..Gross, 72,185,863; net, 22,804,709
ANNUAL REPORT.—Fiscal year ends June 30.
Report for 1908-09
was In V. 89, p. 1139,1151 (see also editorial, page 1192), showing results.
1908-09.

Miles operated June 30

Freight
Passenger
Mall and miscellaneous

Inc. or Dec.

—3
—$267,543

$79,414,357 $78,459,064

+$955,293

6,848,442

Gross earnings

1907-08.

9,279
9,282
$52,768,763 $53,036,306
19,797,152 18,819,239
6,603,519

+977,913

+244,923

Operating income after taxes

$21,361,263 $20,005,003

+1,356,260

Total Income
Interest and sinking fund
Betterments
Dividends on stock

$20,889,471 $19,758,391

+$1,131,080

Other income

Dr.471,792

8,551,336

Dr.246,612

7,642,902

2,268,816
3,225,995
(8)8,867,128 (8)8,867,128

—225,180

+908,432

—957,179

Balance, surplus
$1,202,192
$22,367 +$1,179,825
DIRECTORS.—Darius Miller (Pres.), Geo. B. Harris, Chicago, Ill.; J. J.
Hill, Howard Elliott, St. Paul, Minn.; James N. HIU, Geo. C. Clark,

John F. Talmage, Norman B. Ream, Geo. F. Baker and
Samuel Thorne, N. Y.—(V. 89, p. 1541, 1596; V. 90, p. 302, 1675.)
CHICAGO CINCINNATI & LOUISVILLE RR.—Owns Cincinnati to
Louisville June., Ind., 265 m.; trackage Louisville June, to Chicago, Ill.,
18 m.; total, 283 m.
Sold under foreclosure of the four mtges. June 23 1910
Sale confirmed, the Ches.
to Interests Identified with the Ches. & Ohio.
A Ohio RR. of Indiana being formed July 1910 to take over the road.
V. 90, p. 1675, 1424. 1362; V. 91, p. 37, 93.
EARNINGS.—11 mos.J1909-10
Gross, $1,421,381; net, $96,065
July 1 to May 31.
\1908-09
Gross, 1,238,069; op. def.,25,016
Year end. June 30 1909, gross, $1,359,104; def. under op. exp., $23,005.
Office. Chicago, Ill.—(V. 90, p. 1362, 1424, 1675; V. 91, p. 37, 93.)
CHICAGO & EASTERN ILLINOIS RR.—{See Map St. L. A SanFr.)—
Operates road (double track to Danville Jet., 106 m.) from Chicago, Ill. to
Terre Haute. Ind
and bituminous coal fields; also to Thebes and Joppa. Ill
Lines owned in fee.
15
Miles. Branches to Coal Mines
Dolton to Danville, Ill
107 Rossvllle Jet. to Judyvllle, Ind-. 14
Hunt’s
Extension
7
Danville, Ill., to Brazil, Ind
61
2
Momence Jet., Ill., to Brazil. Ind.130 Other
Other Trackage. Ac.—
Danville Jet., III.. to Thebes, Ill. 277
85
Joppa Jet. to Joppa. Ill
16 Pana, Ill., to E. St. Louis
Clssna Jet. to Clssna Park. Ill
11 Chicago to Dolton, Ch. St W. Ind. 17
Otter
Creek
Jet.
to
Terre
Haute._
6
Rosavllle Jet. to Sldell Jet
Ill
34
38
Percy Jet. to La Crosse, Ind
46 Other lines
Milford Jet.. Ill.. to Freeland. Ind. 11
Total operated July 1909
Coal Bluff, Ind., to Casey. Ind—
7
965
177
Woodland. Ill to Villa Grove— 62 Double track
Findley, Ill., to Pana
20
HISTORY. LEASES, Stc —In August 1902 the St. L. St San Fran, ac¬

W. P. Clough,

.

,

quired the greater part of the stock, as said below.
The Chicago St East. III. owns $1,000,000 stock of Chic. St Western Ind.
Special lease of Chicago freight terminals, V. 78. p. 819. In 1904-05 ac-

of theChicago
which
forms
partp.of1239.
the
Silred
Evansville
St Terre Haute,
roughcontrol
line between
and Evansville.
V. 55,
p. 995;
V. 81,
STOCK —Common stock outstanding. $7,217,800 ($15,000 p. m.); pref.
$8,830,700.
In addition, $6,408,300 com. and $161,300 pref. were held In
trust by Trust Co. of, America In July 1909 as a part of "trust assets” under
agreement dated July 1 1905, for Improvements, acquisitions or refunding,
to be terminated on satisfaction of the St. L. & S. F. stock trust agreements
below referred to "~'V. 85, p. 1001.




In Aug. 1902 the St. Louis St San Francisco RR. gave In exchange for the
and pref. stock Its stock trust certificates at the rate of $100 thereof
for each $100 share.
In Jan. 1905 all of the $7,217,800
V. 75. p. 289.
com. and $6,211,700 of the $8,992,000 pref. had been exchanged on this
basis.
The St. Louis A San Fran, has the option to retire the trust certifi¬
cates at any time at $250 per $100 com. stock trust certificate and $150 per
com.

$100 pref. stock trust certificate, payable In gold, and obligates Itself to pay
off entire Issue In 40 years from July 1 1902 at same rates, meanwhile obli¬
gating Itself to pay 10 % dividends on the com. and 6 % on the pref. trust
certificates, respectively, these amounts being equivalent to 4% on the
principal sum to be eventually received In payment therefor.
Upon fail¬
ure to pay any dividend within 30 days after demand therefor, any holder
may surrender the certificates to the trustee and receive the shares repre¬
sented thereby.
V 75, p. 289 393, 1031; V. 82. p. 48.
A majority of
stock trust certificates were In 1905 exchanged for certificates In
denominations of $1,000 each, representing 4 shares ofcommon stock, bear¬
ing 4 % Interest, and payable In 1942 at face value
See form V. 80. d 1856.
DIVS. (%)—
1910.
1 *00. *01. *02. *03. *04. *05. *06. ’07. ’08. ’09.
On preferred
To Jly,4 Vi
666
6666666
On common
J 4H
6
6
8
5
8 10 10
7
To July, 5

common

f

BONDS.—The general consol, and 1st mtge.

of 1887 (trustee. Central

for

Trust Co.) provides for the retirement of $6,307,000 prior bonds and
Issue of bonds on new road at $18.000 per mile for single track; also for lionds
for eaulpment. at $7,000 per mile and for double track at $8,000 per mile.
In 1897 the gen. consols were limited to $30,000,000.
See V. 64, p. 1088;
V. 78. p. 1446; V. 79. p. 1331; V. 80, p. 1728; V. 84, p. 1550; V. 85, p.
1645.
Series B equip, bonds mature $57,000 each June and Dec. and

$56,000 each March and Sept.; Series C, $53,000 s-a., J-J; Series D, $15,000
J-J; Series E, $125,000 Feb. and Aug.; Series F. $220,000 F-A.
Of the refunding and improvement gold 4s of 1905 ($55,000,000 auth.
Issue), $7,519,000 are reserved for additions and Improvements. Including
equipment, and $34,626,000 to retire, $ for $, $30,000,000 gen. consol,
and 1st 5s of 1937, Issued and Issuable, and $4,626,000 Chicago A Ind.
Coal Ry. 5s. V. 80, p. 1424; V. 81, p. 1436; V. 88, p. 451; V. 90, p. 558.
EARNINGS.—11 mos.,fl909-10--.Gross, $10,809,617; net, $3,433,115
July 1 to May 31.
\ 1908-09...Gross, 9,451,491; net, 2,991,279
For 6 mos. ending Dec. 31 1909, net, $2,122,062, agst. $1,598,097 In 1908;
other income, $366,827; lnt., taxes and rentals, $1,667,112; dlvs. (6% on
pref. and 5% on common), $625,811; bal., sur., $195,966.
REPORT.—For 1908-09 was In'“Chronicle,” V. 89, p. 1218.
Years ending June 30—
1908-09.
1907-08.
Inc. or Dec.
Operating revenue
$10,269,619 $10,742,731
—$473,112
Operating Income (after taxes)
3,060,971
3,029,352
+31,619
Net (Including other Income)
4,018,851
—372,277
3,646,574
Interest and rentals
2,051,403
2,882,624
+68,779
Dlv. on pref. Stock, 6%
Div. on common stock

529,842

(2)144,356

529,842

(10)721,780

sur20,973 def$115,394

Balance for year

\

—577,424

+136,367

OFFICERS.—Chairman Ex. Com. and Board, B. F. Yoakum, N. Y.;
Pres., B. L. Wlnchell, Chicago; V.-P., C W. Hillard, N. Y.; Sec., J. S.
Ford, Chicago; Treas., J. P. Reeves, Chicago.
N. Y. office, 71 B’way.—
(V. 88, p. 374, 451, 1127; V. 89, p. 1218; V. 90, p. 559.)
CHICAGO & ERIE RR.— (.See Map Erie RR.)—Owns from Marlon. O..
to Hammond, Ind., 249 miles, and leases trackage over Chicago 8b West Ind.
to Chicago. 20 miles.
Erie RR. Co. owns entire $100,000 stock.
BONDS.—The first mortgage (trustees Central Trust Co and Edward
Daniels) covers 249 miles of road. the contract with the Chicago 8b Western
Indiana. $1,000,000 of that company’s stock and $240,000 stock of Chicago
Belt Ry.
See abstracts, V 51, p. 911; V. 61, p 750.

Gross, $4,712,410; net, $924,196
\1908-09
Gross, 3,929,873; net, 571,019
For year ending June 30 1909, gross, $4,289,969; net, $633,558; other In¬
come, $94,299; lnt., taxes, 8bc., $1,160,017; Imp., $14,194; bal.,def.$456,354.
CHICAGO GREAT WESTERN RAILROAD.—(See Map.)— Forms the
“Maple Leaf” route, radiating from Oelweln, la., northerly to St. Paul,
easterly to Chicago and southerly and westerly to Kansas City and Omaha;
EARNINGS.—11

mos. J1909-10:

July 1 to May 31.

Operated under agreement.
Mllet,
Lines owned (total. 755 miles). Miles.
City A Fort Dodge.
400 Mason
Chicago to St. Paul
387
miles, viz.:
Oelweln to St Joseph
290
Oelweln, la., to Coun’l Bl’fs.
260
Bee Creek to Beverly
23
Hayfield.
Minn .to Clarion,la. 100
Sumner to Waverlv
22
Branches to Lehigh and Coal,
Mantorville, DeKalb and Cedar
19
vllle, Iowa
Falls, branches
20
Trackage—
Trackage (total, 74 miles)—
St. Paul to Minneapolis
11 Council Bluffs. Ia., to So. Oma¬
ha, Neb
8
Chicago Terminals
10
Galena Jet., Ill., to Dubuque, la. 14 Wls.Mlnn.&Pac.RR.,271 miles,
Mankato to Red Wing, Minn.
96
Des Moines Terminals
3
Red Wing to Osage, Ia
118
Beverly to Kansas City
28
Winona to Simpson, Minn...
54
St. Joseph, Mo., to Bee Creek..8
Branch to Clay Banks, Minn.
3
Grand total
1,487
The entire capital stocks of the Mason City 8b Fort Dodge RR. Co. and
the Wisconsin Minnesota 8b Pacific RR. Co. are owned and their roads oper¬
ated under agreement. See those companies. In July 1910 acquired the
Leavenworth (Kan.) Terminal Ry. A Bridge Co. or control of Its stock.
V.

91, p. 214.

ORGANIZATION.—Incorporated In Illinois Aug. 20 1909 as successor,
per plan V. 88, p. 1497, of railway of same name acquired at judicial sale
by J. P. Morgan A Co., reorganization managers. V. 89, p. 528, 592.
A

syndicate provided the cash requirements of the

plan—$24,892,274

Improvements and equipment)—receiving therefor
$18,500,000 new first mortgage 4% bonds, $10,136,604 pref. and $31,641,333
common stock voting trust certs., the stock trust certs, being offered toholders of old pref. B and common stock on payment of assessments of $15
(Including $9,892,274 for

BONDS.

RASATINOLWCDKY

190.J

July,




[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

32

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Chicago & Eastern Illinois—(Concluded)—
Car trusts including lntJuly’10, due $10,921 m’thly
Equipment bonds Series B due quarterly

1903
1903
1905
1905
1906

do

Series O&D due $08,000 sem-an
do
Series E due $125,000 s-a (V 81 p 1043) .Ba
do
Series F due $220,000 s-a (V 82 p 750) .Ba
do
Series G due $124,000 s-a (V 86 p 1284) .Ba
do
Chicago & Erie—1st M g lnt guar till prln paid—Ce.c*
Income bonds for $10,000,000 5% non-cum
N
Terminal first mortgage gold
Chicago 8b Grand Trunk—see Grand Trunk West Ry

1907

249
249

Par
Value

Date
Bonds

1890
1890

755

Chicago & Great Western—See Balt & O Chicago Ter RR
Chicago Hammond & Western—See Indiana Harbor Belt R
26
Chicago & III Mid—1st M $5,000,000 g red text-IC.c*
Chicago & Ill W—Gen (new 1st) M g gu red par. AC.xc*
Chicago & Indiana Coal—See Chicago 8b Eastern Ill
203
Chic Ind & So—Ind Ill A la 1st M $12,000,000 g-IC.c'
329
Consol mtge $20,000,000 gold gu p 8s i--G.xc*8sr
Chicago Indianapolis & Louisville—Common stock...
Preferred 4% non-cumulatlve $5.000.000
162
L N A & C 1st Main Line—1st M Chic A Ind Dlv gc*
509
C I 8b L refunding mortgage $10,300,000 goia
Ce
509
do
do
gold 6s Issued for old consols

When

%

Payable

561000

Last Dividend
and Maturity

To April 5

5
4H

Q —M

Places Where Interest and
Dividends are Payable

1913 First Nat Bk, Chicago

Sept 1910

J To Jan 1 1915
8b A Feb *11-Aug *15
8b A Feb *ll-Feb *16
5 g
8b
A
O Oct ’10 Oct ’17
1,860,000
5 g
M
8b N May 1 1982
12,000,000
10.000.000 Mostly o wned by Oct 1 1982
5 g
8b
J
J July 1918
300,000

612,000
1,250,000
2,420,000

Blair 8b Co,
do
do
do

New York

do
do
do
Bankers’ Trust Co N Y
Erie Railroad New York
Erie Railroad
Erie Railroad New York

J
4K g F
4h e F

8b

M

8b
8b

S Sept 1 1959
1 1950

Mlnneap Tr Co, Mlnneap

F
J

8b
8b

A Feb 1 1956
J July 1 1947

Chase Nat Bk N Y; or Oh
Amer Trust 8b Sav Bk Oh

4 g
J
4.850.000
4 g
J
15,150,000
3
in
10,500,000 H
*09 J
5,000,000 4 In 1909 J
6 g
F
2,300,000
J
5g
5,000,000
6 g
J
4.700,000
4 g
J
3,000,000
M
6
g
13,000
M
5 g
In treasury
4 g
J
al.650.000
cago 8s St L ouis

8b
8b
8b
8b
8b
8b
8b
8b
8b
8b
8s

J
J
D
D
A
J
J
J
N
S
J

Lincoln Nat Bank, N Y

8s

s March 1 1938
s Mch 1 1945
J July 1 1959
D June 1 1969
N To May 1 1920
N To Nov 1 1922
1 1940
J Jan

1909
1900

$, £8sfr.
1,000

45,246,700
41.021,402
18,500,000
500,000

1906
1907

1,000
1,000

815,000

1900
1906

1,000
1,000 8sc

100
100

....

Pref (also as to ass.) 4%. cum red $50,000,000 autb
First mortgage, gold, $75,000,000
S.xc" 8sr*
Minneapolis Terminal mortgage gold assumed

Rate

$360,216
1.000
1,000
1,000
1,000
1,000
1,000
1,000 8bc

1888

Chicago Great Western—
Common stock, $46.000,000

Amount

Outstanding

4 g

3M g J

J Jan

J. P. Morgan 8s Co

_

509

do
do
Con Stone Co 1st M gold guar p & 1 callable ..
Indiana Stone RR first mortgage guaranteed..

100
100
1881
1897
1897
1897
1900

1,000
1,000
1,000
1,000
1,000
1,000
1,000
nati Chi

60 1906
Indlanap & Loulsv 1st M $6,000,000 gold gu...S.c*
Chicago Indianapolis & St Louis Short Line—See Cle ve&nd Clncln
1908
Chic Jol & KC—1st M $15,000,000 gred 105 text
1905
1,000
Chicago Junction RR—1st M $2,327,000 gred 105..C*
55 1909
1,000 8sc
Chicago Kalamazoo & Saginaw—1st M $2,000,000 g G
1.000
1909
Chicago Lake Shore & East—1st M g. gu. red text. _xc*
1905
Federal equipment trusts, due $100,000 yrly May 1
1905
American equlpt trusts, due $60,000 yrly Nov 1

Chic Memphis & Gulf—1st M g red 105 aft Jan *12_Ba
a Of which $125,000 In treasury June 30 1909,

31

1910

STOCK.—The pref. stock ($50,000,000 auth. Issue) will be entitled to
non-cum. dlvs. at 4% per ann. to June 30 1914 and to cum. dlvs. thereafter
at that rate ahead of tne com. stock, and also to a perference as to principal
and accrued dlvs. In case of dissolution or liquidation.
If and when per¬
mitted by law, the new company will have the right to redeem the pref.stock

and accrued dlvs.
No additional mtge. shall be created nor shall the
pref. stock be Increased without the consent of a majority of the pref. stock
outstanding or voting certificates therefor.
Voting Trust.—All stock (except shares to qualify directors) shall for
five years be vested In J. Pierpont Morgan, George F. Baker and Robert
Fleming, as voting trustees, with power to fill vacancies and all other powers
to be stated In the voting trust agreement.
Upon the written request of
holders of a majority of the outstanding pref. stock voting-trust certs,
and of common stock voting-trust certs, to an amount sufficient, with such
majority of such pref. stock, to constitute a majority of all the stock then
held by such voting trustees, the voting trust shall be terminated.
The total fixed charges of the new company for rentals and Interest, In¬
cluding Interest on bonds of subsidiary cos., after all the $28,000,000 new
bonds are outstanding, will approximate $2,399,280, while the net earnings.
It Is estimated, should be at least $4,268,000.

at par

BONDS.—Of new first 4s, $18,500,000 were sold to the syndicate and the
remaining $9,500,000 of the $28,000,000 present Issue will be sold for addi¬
tions and bettermeqts, as required, say. within the next two or three years.
Of the bonds, $18,232,000 are reserved to retire the 1st mtge. bonds of the
Mason City & Ft. Dodge and Wise. Minn. 8s Pac. ($12,000,000 and $6,232,
000 respectively), and the remainder for new property, betterments and
equipment. V. 89, p. 1482; V. 90, p. 53.
EARNINGS.—11 mos.J 1909-10
Sept. 1 to May 31.
\l908-09

Gross, $9,171,376; net, $2,214,019
Gross, 8,106,915; net, 1,235,833
Surplus after charges, $384,592 In 11 months of 1909-10, against deficit
$1,322,371 In 1908-09.
Earnings since Jan. 1904 are based on 818 miles of road proper, only the
net earnings of the proprietary lines over bond Interest being Included.
REPORT.—Earns, of old co. for year end. June 30 (V.89, p.1667) were:
Year ending June 30—
1908-09.
1907-08.
Inc. or Dec.
Operating revenue
$10,715,816 $10,390,306
+$325,510
Net, after taxes.i
1,301,510
1,664,280
—362,770
s__

1,346,423

1,673,640

—327,217

2,005,042

1,895,454

+109,588

149,823

178,844

—29,021

Balance, deficit
$808,441
$400,658 —$407,783
OFFICERS.—Pres., S. M. Felton; V.-P., Joseph W. Blabon: Sec. and
Treas., J. F. Coykendall.
Office, Chicago, Ill.—(V. 91, p. 214.)

CHICAGO & ILLINOIS MIDLAND RY.—Owns Auburn. Ill., to Taylor
ville, 26 miles, of which 17 miles was opened June 1907. Stock authorized,
$2,000,000; outstanding, $1,000,000 (par of shares $100), a majority being
owned by Illinois Midland Coal interests.
The bonds are subject to call
on terms to be fixed for the several Issues; the $780,080 bonds issued on
the first 26 miles may be called at 110 on Aug. 1 1910 or any subsequent
Interest day.
See V. 82, p. 452, 803. For year ending June 30 1909,
operating revenue, $77,006; net after taxes, $6,936.
(V. 82, p. 803.)
CHICAGO & ILLINOIS WESTERN RR.—To extend from Western Ave.,
Chicago, southwesterly to Joliet, Ill., with branches, a total of 54 miles, of
which 22 miles In operation.
Extension proposed Gary to Joliet. V. 83,
p. 491.
Stock. $10,00.000, as Increased Aug. 1907; par, $100. Of the gen.
6s of 1907 ($4,000,000 authorized Issue), $815,000 were outstanding In
March 1909. guaranteed prln. & lnt. by Dolese & Shepard Co., Chicago.
V. 86, p. 107; V. 88, p. 685.
For year ending June 30 1909, $137,794;
net, $68,298.
In 1907-08, gross, $153,165; net, $66,298; fixed charges,
$23,038; balance, surplus, $43,260.
Pres., W. E. Phillips. Office, 184
La Salle St., Chicago. Ill.—(V. 88, p. 685.)
CHICAGO INDIANA & EASTERN RY.—Owns Converse. Ind., to
Munde, 43 miles.
In May 1907 the Pennsylvania Co. acquired all the se¬
curities. the road being operated as Dart of the Pitts. Cln. Chic. 8b St. Louis.
V. 84, p. 1181, 930.
For cal. year 1909, gross, $74,220; op. def., $18,132;
other Income, $80; charges, $35,132; bal., def., $53.184.—(V. 84, p. 350.)
CHICAGO INDIANA 8c SOUTHERN RR.—{See Maps N. Y. Cent. A
Hud. Riv. RR.)—Owns from South Bend, Ind., to Seatonvllle, Ill., 192 m.
(former Ind. Ill. & Iowa RR.); Danville. Ill., to Indiana Harbor. Ind.,
109 m.; branches, 16 m.; trackage, 28 m.; leases, 8 m.; total, 353 m.
Also
owns 20 m. leased to other companies.
A consolidation April 1906 of the Ind. Ill. A Iowa, Ind. Har. RR. and
Danville A Ind. Har. RR.
V. 82, p. 803, 867.
Stock, $20,000,000. of
which $5,000,000 Is 4% cum. pref.
Lake Shore A Mich. Southern owns
$17,000,000 and Michigan Central $3,000,000.

BONDS.—Of the4sof 1906 ($20,000,000).guaranteed by the Lake Shore
A Mich. South., $4,850,000 are reserved to retire the 4s due July 1 1950
V. 86, p. 980, 1223.
Jolntlv with four other roads covenants to pav the N. Y. Central lines
($30,000,000) equip, trusts of 1907 and 1910, the company’s share of equlp’t
leased being about $4,000,000 and $1,200,000 respectively.
V. 85 d 1401V. 86. p. 168; V. 90, p. 1677.
EARNINGS.—5 mos.J1910
Gross, $1,685,943; net, $504,929
Jan. 1 to May 31.
\1909
Gross, 1,208,905; net, 270,413
REPORT.—Report for year end. Dec. 31 1909 in V. 90, p. 692,showed*
Gross, $3,223,313; op. Inc., $646,343; other inc.,$487,076; charges, $1,083,340; bal., def., $50,079.—(V. 90, p. 692.) *

CHICAGO

INDIANAPOLIS

&

LOUISVILLE

RY.—Operates

"Monon Route” from Chicago, Ill., via Monon, Ind., to Indianapolis,
and Louisville, Ky.. with branches.
The system Includes:




Bee text
2,327,000
1,280,000
9.000.000
090,000
635,000
350.000

1,000

per share, and affording the shareholders their only opportunity to partici¬
pate In the reorganization.

Net Income
Fixed charges
Additions and betterments

780,000

the

Ind.,

5 g
6 g

5 g
4 g
4 g

M
M
J
4H g J
5
M
5
M
5 g
J

Lines owned—

Indiana

State

Line

to

8s
A
A
A
A
A

July 1 1950

Treas Grand Cent Stat’n
Jan 1 1956
June 28 *10 1H J P Morgan 8b Co N Y
do
do
June 28 *10 2%
do
do
Aug 1 1911
do
do
July 1 1947
do
do
July 1 1947
do
do
July 1 1947
Amer Tr 8s Sav Bk Chlo
May 1 1920
New York
Sept 1 1948
Standard Trust Co N Y
Jan 1 1956

N W Harris 8b Co

Chicago

New York
71 Broadway, N Y
Bankers’ Trust Co, N Y

Miles. I
Oper. under contract—
Miles.
Indian[Chicago to Indiana State Line... 20

1621 New Albany to Louisville..

apolls

6
2

New Albany to Michigan City
289 [Connection In Indianapolis
Bedford to Swltz City
40| Clear Creek to Harrodsb'g, Ind..
Orleans to French Lick Springs.. 18 [Swltz City to west of Linton

9

10
I Wallaoe Jet. to Shirley Hill A br..60
616

Total of all June 30 1909

A lease for 999 years with Chicago A Western Indiana (of whose stock this
company owns $1,000,000) gives entrance to Chicago on a mileage basis.
Owns one-third Interest In Kentucky A Indiana Bridge at Louisville. Ky.
Owns entire stock of Indianapolis A Louisville RR., projected from at or

Indianapolis to Evansville. Ac., of which 55 miles, from Wallace Jet.,

near

Ind., to Shirley Hill, was opened Oot. 1 1907 and the branch from Vicks¬
burg to Cass, 5 miles, Deo. 1 1907.
Under supplemental lease dated May
10 1907 bonds are guar., prln. and lnt.
See ^'Bonds’’ below. V. 82, p.
509; V. 83. p. 888, 1290; V. 85, p. 920; V. 87, p. 809; V. 88, p. 99.
HISTORY.—Successor July 1 1897 of Louisville New Albany A Chicago,
foreclosed per plan In V. 63, p. 922.
Suit settled, V. 75, p. 1031.
In

Aug. 1902 the Louisville A Nashville and Southern Ry. acquired 93%

of $10,500,000 com. and 77% of $5,000,000 pref. stock, on the basis of $78
and $90 per $100 share respectively In their Joint 50-year 4% collateral trust
gold bonds at par, secured by the stock acquired. See description of bonds
under Louisville A Nashville.
V. 74, p. 1088. 1138; V. 75, p. 28.

DIVIDENDS.—On pref., 1899. 1%; Oct. 1900 to June 1910,both inclu¬
sive. 4% per annum.
On com.. 1902. 1%: 1903 3H%; 1904. June. 1 *4%:
Dec., \ M%\ 1905 to 1908, 3% yearly; 1909, 3H% (J. A D.); 1910, June,
•
1X%.
BONDS.—Refunding mortgage covers road, equipment, Ac. (Including
$1,000,000 stock of Ch. 8s W. Ind. and $240,000 stock of the Belt Ry of
Chicago); total authorized Issue Is $15,000,000. of which unissued balance is
reserved to take up $2,300,000 divisional bonds due Aug. 1911.
V. 90,
p. 1613.

Indianapolis 8b Louisville guaranteed bonds, of which $1,500,000 sold In
road; balance Issuable at $30,000 per mile. See
83. p. 1290.

Feb. 1906 for 60 miles of
above.
V. 82. p. 508: V.

EARNINGS.—11 mos.J 1909-10
Gross, $5,498,090; net,
July 1 to May 31.
\l908-09
Gross, 4,847,146; net,
ANNUAL REPORT.—In V. 89, p. 844, showed:
Year end. June 30—
1906-07.
1908-09.
1907-08.
Gross earnings
$5,319,386 $5,167,160 $5,988,867

1,404,792
252,301

1,163,702

272,423

1,825,416
261,166

$1,657,093
772,100

$1,436,125
772,100

$2,086,582
772,100

$2,232,538
772,100

382,107

301,662

319,456

262.301

$1,154,207
$502,886
200,000
(3H)328,250

$1,073,763
$362,362
200,000
(3)315,000

$1,091,556
$995,026
200,000
(3)315,000

$1,034,901
$1,197,637
200,000
(3)315.000

-

Rentals, 8bc
Total

_

Surplus for dividends.

Dividend on pref., 4%
Dividend on common.

1905-0S

$5,921,002
1,983,063
249,475

Net earnings.
Dividends, 8bc., received

Total net income
Interest on bonds

$1,918,556
1,440,159

_

OFFICERS.—Pres.,
; V.-P., Morton F. Plant,
C. Field, Chicago; Treas., Byron Cassell, 198 Custom House
Place, Chicago; Gen. Mgr., B. E. Taylor, Chicago; Sec., J. A. Hilton, 52
Broadway, N. Y.
Directors—Fairfax Harrison and W. W. Finley, Wash,
ington, D. C.; Chas. Steele, R. M. Gallaway, Morton F. Plant, Henry
Walters, New York; W. H. McDoel, E. C. Field, F. A. Delano, Chicago;
Samuel T. Murdock, Lafayette, Ind.—(V. 90, p. 697, 1613.)
New York; E.

CHICAGO JOLIET & KANSAS

CITY RR.—See

page 164.

CHICAGO JUNCTION RR.—An elevated road, 3.75 miles of track
(opened April 1908), extending from Junction with South Side Elevated RR.
at 40th Street to the Stock Yards.
Leased to South Side Elevated for

(with right to purchase at cost within 20 years) at a rental
Interest and all expenses. Capital stock. $50,000. Bonds
are
guaranteed, prln. 8b lnt., by Chicago Junction Railways 8b Union
stock Yards Co.; they are subject to call at 105 after 1910.
Form of guar¬
anty, V. 82. p. 568.—(V. 85. p. 792; V. 87. p. 346.)

50

years

covering bond

CHICAGO JUNCTION R A1LWAY.—Owns

Inner line within the Chicago

Union Stock Yards district, 11.81 miles, side and Industrial tracks, 118.58m.
to
In June 1907 the Vanderbilt (New York Central) Interests arram

acquire the outer belt line, assuming the $2,500,000 outstanding ' nds,
leaving property free of liens.
V. 85, p. 159, 792.
CHICAGO KALAMAZOO &. SAQINAW RY.—Owns 55 m.. Pavilion to
Woodbury, Mich.
Acquired In Deo. 1906 by Mich. Cent. (New York Cen¬
tral system), but will be operated Independently.
V. 84, p. 50. Stock,
com
$2,000,000; outstanding, $450,000; par of shares, $100. Lake Shore
,

8b Mich. So. owns $180,000 stock and $507,000 1st M. bonds. V. 90, p. 708.
In 1909, gross, $204,115; net, $58,361; lnt. and rentals, $30,341; bal., sur.,

$28,020.

Pres., H. B.

Ledyard, Detroit; Sec., F. O. Waldo; Treas., J. E.

Griffiths.—(V. 61, p. 1063; V. 84, p. 50.)

CHICAGO LAKE SHORE & EASTERN RY.—Embraces 320 miles of

track, connecting the various works of the Illinois Steel Co. at Chicago,
Joliet and Milwaukee with diverging trunk lines, and also with steamship
lines, stone quarries, industrial establishments. 8cc.; also, by lease and
trackage rights over 335 miles of roads, reaches the coal fields of Illinois
and Indiana, and Joliet, Ill., handling between South Chicago and these
points a large traffic for the Illinois Steel Co.
Stock, $9,000,000, being In¬

creased from $2,760,000 in June 1909; all owned by the Illinois Steel Co.,
and so by the United States Steel Corp., which, with the Elgin Joliet 8s
Eastern, guarantees the bonds, prln. and lnt., by endorsement.
The last
named leases the road for 60 years from June 1 1909, rental covering all

dividends on stock dependent on earnings.
paid In 19J)9,10%.

charges and
Dividends

See V. 90, p. 108.




RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

Chicago Milwaukee & Gary—1st M $20,000,000 g red
105

1908

SStxc*

beg 1018

Date
Bonds

Chicago Milwaukee & St Paul—Com stock (see text).

Preferred stock 7% yearly not cum $124,654.400..
Lacrosse A Davenport Dlv first mtge
F.c*
Wise Val Dlv 1st M sink fund not drawn. _NB.o*
Dub Dlv 1st M sinking fund not drawn— NB.c*
Chic 8s Pac Western Dlv 1st M (see text) gold-F.c*

Chicago 8s Lake Superior Dlv 1st M gold

F.c*

Wise A Minn Dlv first mortgage gold
F
Fargo A Southern first mortgage gold assumed-.-.
Ohio Mllw A St P Terminal mortgage gold
F.c*
Dakota A Great Southern first mortgage gold
F

Chicago A Missouri River Dlv first mortgage. _F.o*
General M (for $150,000,000) gold Series A.Us.c* Ar
do
do
Series A registered
Series B
do
do
c*
do
Series B registered
do
Mllw A Nor 1st M Schwartz to Gr Bay ext 1010..C*
......

c*
Fxc*r*
yrs.-Usm.x
Chic Mllw & Puget Sd— 1st M $200,000,000 auth.. Us
Chicago A N W—Com stock $177,604,880 auth
Tr
Preferred stock (not cumulative) see text
Tr
F.c*
Chic A N W con s f M ($12,900,000) not dr
Cedar Rapids A Missouri River—1st M 3d Dlv...
Madlson Exten 1st M g (s f $23,000 not dr)__F-C*
Menominee Ext 1st Mg (sf $20,000 not ar) ..F.c*
Northw Union 1st M g Mllw to Fond-du-Lac_F-C*
Winona A St Peter 1st M ext g land gr s f ass.-F.c*
Consolidated mortgage
Debentures $50,000,000 auth gold
Debentures $50,000,000 auth conv aft 5

a

Also

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

34

July

1,117
68
230
119

159
77

5,859
5,859
5,859
5,859
126
362

1.489
7,390
7,390
788
150
126

120
140
175

mortgage b onda I
b $172,500; c $150, 500; d

1909 additional general

Also In sinking fund Dec. 1909:

185
161
351

1879
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884

1909
1910
1909

1865
1866
1871
1871
1872
1871

Par
Value

Road—

sury and not listed (s
$135 ,000. x C oupon bond

n trea

Miles.

Seattle and Tacoma, 1,489 miles (of which 26 miles Is owned Jointly,
with Union Pacific), including 66-mlles Lewiston branch, known under
name of Chicago Milwaukee A Puget Sound Ry. (see statement below),
was completed In June 1909; 419 miles of branches are contemplated.
V.

87, p. 543; V. 88, p. 99, 294, 748, 882, 944, 1252.
Tacoma A Eastern RR., Tacoma, Wash., to Grenavon, 63 m., with
branches, 28 m., total 91 miles, was acquired In 1909.
CAPITAL STOCK.—The pref. stock has a prior right over the com. stock
to a dividend of not over 7% from net earnings In each year, but If not
earned It has no cumulative right.
After payment of 7% on pref. and 7%

both classes share pro rata.
In December 1906 the stockholders subscribed pro rata for $66,214,400
pref. and $33,241,100 com. stock at par, payable In installments to March 1
1909.
The proceeds provided for part cost of the Pacific Coast extension
and 419 miles of branches, and part payment for rolling stock.
This In¬
creased the amounts outstanding to $116,274,900 pref. and $116,348,200
com. stock.
V. 83, p. 1523; V. 84, p. 50, 101; V. 85, p. 98, 1338; V. 88,
p. 293.
DIVS. since 1892— ) ’93. ’94. ’95. ’96. ’97-’00.
’01. ’02-*09.
1910.
On common
5 yearly
%)4
4
2
4
6
7 yearly
7
On preferred
%J 7
7
7
7
7 yearly 7
7 yearly
7

on com.,

BONDS.—Abstracts older mtges., V. 45, p. 114,144, 212; V. 48, p. 830.
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 franchises of the company (therein de¬
scribed) subject to prior liens which are paid as they mature.
In July 1909 gen. mtge. bonds were Issued or reserved as follows:
Amount In the hands of the public
$32,791,000
In treasury of the company (unsold)
30,629*,000

$63,420,000
81,454,000
5,126,000

Total authorized

$150,000,000
In Deo. 1909 $25,165,000 gen. mtge. 4s were sold, chiefly to pay off $12 357,000 old bonds and for new lines, second main track and additional

V. 89, p. 1279, 1541, 1596, 1667.
1909 the Chicago Milwaukee A Puget Sound Ry. filed a mortgage
to the United States Trust Co. of New York as trustee to secure an authorized
Issue of $100,000,000 of 30-year 4% bonds, dated Jan. 1 1909. V.88.P.1252.
In 1909 $28,000,000 of an authorized Issue of $50,000,000 4% 25year debentures were sold.
They are to be Included In any new mtee.
V. 88, p. 1559; V. 89, p. 1223, 1346.
In May 1910 sold to a group of French banks 250,000,000 francs ($50,000,000) 15-year 4% debentures, convertible into stock after 5 years. V. 90.
p. 1296, 1238, 1170, 1424, 1489, 1554; V. 91, p. 38.
They are to be secured by any new [mtge. None of the Chic. Mllw. A
Puget Sound Ry. stock now owned or hereafter acquired Is to be sold while
the bonds are outstanding.
V. 90, p. 1424, 1489, 1554; V. 91, p. 38.
In May




A
M
M
J
J
J
J
J
J
J
J
J
J
J

A
A

A
A
A
A
A
A
A
A
A
A
A
A

ee
a

text).

J AJ; r

n

Last Dividend
and Maturity

O Apr 1 1948

S
S
J
J
J
J
J
J
J
J
J
J
J

4,748,000
5g
5 g
2,856,000
5
3,083,000
4g
1,000) a48.841,000 1
1
4 g
Q—J
1,000/
A
3H g J
J
1,0001 a8.950,000 /
)
1,000/
a* g
Q—J
A
J
D
2,155,000
1,000
4H
6
A
J
D
1,000 n4,003.000
4 g
J
A
J
1,000Ac 28,000.000
4
A
D
J
50,000,000
4
123,000,000
X
100 130,121,700 7 In 1910 J
A
J
100 22.395.000 8 In 1909
Q—J
7
1,000 12,832,000
Q—F
7
500 Ac
M
A N
2,332,000
7 g
A
A
500 Ac b2.977,500
O
7 g
A D
500 Ac c2,546,500
J
7 g
M
A
S
500 Ac d3.365.000
A D
100 Ac k4.038,500
J
7g

HISTORY, Ac.—Org. May 5 1863 and on Feb. 11 1874 took present name
The Pacific extension, from western terminus at Glenham, S. D., to

equipment.

Payable

1,000
1,000
1,000

Lines owned June 30 1909 (of
I Second and third tracks
500
which 30 miles owned Jointly).7,2961Trackage (Including 2d tracks)..279

Total reported by the company as outstanding.
Reserved for prior liens
Remainder

When

%

5
$5,500,000
*
100 116.348,200 7 In 1910
7
100 116,274,900
5
2,500,000
1,000
6
1,928,000
1,000
6
5,049,000
1,000
5 g
1,000 25,340,000
5 g
1,360,000
1,000
5
4,755,000
1,000
g
6 g
1,250,000
1,000

CHICAGO MILWAUKEE & GARY RAILWAY.—This road, when
completed, will form an outer belt line 267 miles In length, extending from
Milwaukee, WIs., to Gary, Ind., connecting with all of the 32 main trunk
lines entering ChicagoOf this, Rockford, Ill. to Momence, 125 miles,
Including Elgin Joliet A Eastern trackage between Aurora and Joliet, 24
miles, was in operation in July 1910. In March 1909 Interests represented
by the St. Louis Union Trust Co. acquired control or practical control.
V. 88, p. 685.
Stock authorized. $10,000,000; outstanding, $5,500,000; par, $100.
BONDS.—On April 1 1908 a mortgage was executed to the St. Louis
Union Trust Co. and Illinois State Trust Co. of St. Louis as trustees to
secure an Issue of $20,000,000 of 40-year 5% bonds, of which $5,500,000
have been Issued to acquire the property of the Illinois Iowa A Minnesota
and subsidiary companies, the remaining $14,500,000 bonds being reserved
for extensions to Gary and Milwaukee, equipment, terminals, elevators,
coal docks and facilities at Gary and Milwaukee, of which about $10,000,000
to be used at present to complete the line.
V. 86, p. 980; V. 88, p. 685.
Pres., Albert T. Perkins, care St. Louis Union Trust Co., St. Louis.—(V.
88, p. 685.)
CHICAGO MILWAUKEE & ST.PAUL RY.—Operates from Chicago
westerly to St. Paul, Minneapolis and Lake Superior, Omaha, Neb., and
Kansas City, Mo., with lines traversing Illinois, Iowa. Missouri, Michigan,
WIs. Minn, and the'Dakotas, viz.: (Map C. M. A Puget Sound Ry. p. 35):
Miles. I

Rate

$1,000

Bonds are redeemable In whole or part from Dec. 1 1919 at 110 and int.;
they are limited to $20,000,000 and 50% of cost of property.
V. 88, p.1372;
V. 89, p. 224. 1410 —(V. 90, p. 108, 1170.)
CHICAGO MEMPHIS & GULF RR.—Dyersburg, Tenn., to TlptonvUle.
Tenn., 31 miles.
An extension from Tlptonvllle to Hickman, 21 miles,
mostly completed July 1910. The entire line as projected will extend from a
point on the Ohio River to Memphis, Tenn. In Oct. 1909 stock acquired by
new parties and name changed Nov. 1 from Dyersburg Northern RR. V. 89,
Bonds
p. 993, 1280. Stock auth., $1,000,000; Issued, $300,000; par, $100.
($10,000,000 auth. issue) are subject to call at 105 after Jan. 1 1912; issued
$350,000 to retire old bonds and all debts; reserved for terminals, Ac., $1,750,000, and remaining $7,900,000 at not to exceed 85% of cost of new con¬
struction, or over $20,000 per mile.
V. 90, p. 108, 302; V. 91, p. 153. For
6 mos. ending Dec. 31 1909, gross, $54,062; net, $22,753; Int. and taxes,
$9,374; bal., sur., $13,379. For year ending June 30 1909, gross, $68,113,
agst. $57,693 In 1907-08; net, $28,576, agst. $24,813; Int. and taxes, $18,784; bal., sur., $9,792.
Pres., S. G. Latta; V.-P., E. Rice, both Dyersburg,
Tenn.; V.-P., John H. Watkins, 2 Wall St., N. Y.; Sec. and Treas., J. C.
Doyle, Dyersburg.—(V. 90, p. 108, 302; V. 91, p. 153.)

Road—

Amount

Outstanding

Sept 1 '10. 3 H
Sept 1 '10.3H
July 1 1919
July 1 1920
July 1 1920
Jan 1 1921
July 1 1921

July 1 1921
Jan

1 1924

July 1 1914
Jan

1 1916

July 1 1926
May 1 1989
May 1 1989
May 1 1989
May 1 1989
June 1 1913
June 1 1913

July 1 1934
June 1 1925
Jan 1 1949

Places Where Interest and
Dividends are Payable

St. Louis Un. Tr. Co.

N Y Office 42 Broadway
do
do
do
do

do

do

do
do

do
do
do
do
do
do
do
do
do
do
do
do
do
do

ao

do
do
do
do
do
do
do
do
do
do
do
do

do
Paris and London

July 1 1910 3H Co's office 111 B’way NY
do
do
July 1 1910 2%
Feb

1 1915

May 1 1916
Apr 1 1911
June 11911
June 11917
Deo 11916

do
do
do
do
do

do
do
do
do
do

do

do

$1.08 9.000 additional In treasury.

eglstered

Q—J.

GENERAL FINANCES, Ac.—Capitalization per mile of road June 30
1909: stock (exclusive of the $99,492,800 Issued to acquire securities of
the Chic. Mllw. A Puget Sound Ry.), $18,208; bonds, $15,866.
V. 85, p.
1338.
As to Padflo extension, see “History" above.
In 1909 the Union Pacific system (Oregon Short Line) owned $1,845,000
pref. stock. V. 87, p. 1549.
The refunding at 4% of the $22,097,000 5, 6 and 7% bonds maturing In
1910 effects an annual saving of $460,440.
V. 89, p. 1279.
EARNINGS.—11 mos., (1909-10.-Gross, 59.279,555; net. $17,972,938
July 1 to May 31.
\ 1908-09..Gross, 54,912,827: net, 19,541,813
For 8 mos. ending Feb. 28 1910, net, $12,679,214, against $14,679,242
in 1908-09; taxes, $1,665,209; other Income, $7,459,241; charges, Ac.,
$5,955,341, divs. at 4 2-3% on both stocks, $10,820,968; bal., sui., $1.696,937.
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting Is held
In Sept.
Report for 1908-09 in V. 89, p. 590; owing to changes in classifi¬
cation, comparisons with previous years are Inaccurate; editorial, p. 628.
1906-07.
1908-09.
1907-08.

Average miles operated June 30
Passenger earnings
Freight earnings
Mall, express, Ac., earnings

7,512
7,499*
7,267
$12,774,852 $11,883,395 $12,102,196
42,341,651 40,426,880 44,115,059
4,331,299
4,780,960
4,622,346

Total earnings
Maintenance of way__
Maintenance of cars and engines

$59,897,463 $56,932,621 $60,548,554
$7,288,603 $6,451,588 $5,830,868

Transportation and traffic
Taxes
Additions to property
Miscellaneous

-

7,270,774
23,098,477

7,079,774
22,628,232

8.589,757
22,782,468

1,073,385

1,004,120

1,250,349

2,428.676

2,304,963

2,286,097

946,868

Total expenses—
Net earnings
Other Income

$41,159,914 $39,468,331 $41,686,507
$18,737,549 $17,464,290 $18,862,048
2,717,055
1,052,662
1,068,736

Total net Income
Net rentals, Ac
Interest on debt
New equipment
Hire of equipment,

$21,454,604 $18,516,952 $19,930,784
$22,909
5,855,717
5.942.140
5,916,760

rentals, Ac

498,831

2,486,682

$13,112,205 $12,577,283 $13,489,813
*$6,980,820 $5,817,497 $5,810,598

Balance for dividends
Dividend on common, 7%
Dividend on preferred, 7%

*5.818,795

3,495,373

3,485.503

Balance, surplus
$312,590 $3,264,413 $4,193,712
*
Includes 3H% semi-annual dividends paid Sept. 1909 on $99,492,800
stock Issued to acquire securities of Chic. Mllw. A Puget Sound Ry., whose
main line was

opened July 1909.

OFFICERS.—Chairman, Roswell Miller, 42 Broadway, New York;
Pres., Albert J. Earllng. Chicago; Treas., F. G. Ranney. Chicago; Gen.
Mgr., W. J. Underwood; Sec., E. W. Adams. Milwaukee, WIs.
Directors—Roswell Miller, New York; A. J. Earllng, Chicago; Frederick
Layton, L. J. Pettit, Milwaukee; J. Ogden Armour, Chicago; Frank S. Bond.
William Rockefeller, Daniel G. Geddes, John A. Stewart, Percy A. Rocke¬
feller, Walter P. Bliss, Charles W. Harkness, John D. Ryan. New York.
N. Y. office, 42 B’way.—(V. 90, p. 1489, 1554, 1675; V. 91, p. 38.)
CHICAGO MILWAUKEE & PUGET SOUND RY.—(See Map.)— This
of the Chicago Milwaukee A St. Paul Ry.,
completed through to Seattle and opened July 1909.
Extends from
Mobridge, S.D., to Seattle and Tacoma, 1,489 miles. Including 66-mile Lewis¬
ton branch, of which 26 miles from main line to Tacoma is owned jointly
with Union Pacific.
In Aug. 1909 520 miles of branches were under con¬
struction.
V. 89, p. 590.
The company has auth. Its 1st mtge. 4% bonds
dated Jan. 1 1909, U. S. Trust Co., trustee, for $200,000,000.
Of these
bonds, $123,000,000, together with the entire auth. issue of $200,000,000
stock, has been turned over to the C. M. A St. P. Ry. treasury for the
$123,000,000 advanced for construction.
Bonds cover road, terminals
and equipment and run to maturity.
Pres., H. R. Williams, Seattle,Wash.
EARNINGS.—10 mos., (1909-10
Gross, $9,594,113; net, $4,966,116
11908-09
; net
Aug. 1 to May 31.
Gross,
road forms the Pacific extension

CHICAGO & NORTH WESTERN RY.—(.See Map.)— Operates an Im¬
portant system of roads uniting Chicago, Ill., with Omaha, Neb.. St. Paul,
Minn., with the great wheat belts of Dakota, Nebraska, Ac., and with the

mining regions of Michigan and the Black Hills, Including—
Miles.
Road owned in fee—
Main lines, Ac
7,515 De Pue Land A East, (leased)
Entire stock owned—
Sundry trackage
Princeton A Western
Wolf River Valley
St. Paul Eastern Grand Trunk

(leased)

16
2
60

Miles.
__

Total July 1 1909
Second track
Has large Interest in Chic.
Paul Minn. A Omaha

3

42
7,638
819

St.

1,739
HISTORY, ETC.—A Vanderbilt line (V. 75, p. 1086) organized In 1859.
In July 1884 the capital stock of the Fremont Elkhom A Missouri Valley
was acquired, and In Feb. 1903 the road was absorbed.
Its securities, ex¬
cept those held by Chic. A N. W., are In table above.
V. 75, p. 514, 616.
In 1900-09 various proprietary roads were purchased.
V. 71, p. 291, 294;
V. 73. p. 294, 1010; V. 75, p. 446; V. 81, p. 840; V. 89, p. 671.
The stock¬
holders In Oct. 1909 authorized the construction of new lines and branches
In So. Dak., Iowa, Illinois and Wisconsin aggregating about 465 miles.
To
build a part of these extensions, the James River Valley A Northwestern
Ry. was Incorporated In July 1909 to build branches from Blunt to Gettys¬
burg and from Oneida to Hitchcock, So. Dak., 180 miles, and the Milwau¬
kee Sparta A Northwestern Ry. 162 miles In Milwaukee, Waukesha and
Dodge counties, WIs. V. 89, p. 1410.

BONDS

RASATINOLWCDKY

19 0.]

July,




36

RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Miles
Road

Date
Bonds

Par

Amount

Rate

When

Value

Outstanding

%

Payable

Chicago A North Western—(Continued)—

Mllw Lake Shore A W cons M (now 1st) gold

413
82
40
693

Ce.c*

Michigan DIv 1st M (for $3,000,000) gold...Ce.c*
Ashland Division first mortgage gold
Ce.c*
Ext A Imp M for $5,000,000 g s f not drawn.Ce.c*

Income bonds (not cumulative) no coupons
r
Marsh Ext 1st M $600,000 ($15,000 p m)..Un.c*
0 A N W s f bonds of *79 ($15,000 p m)red at 105F.cr
Sinking fund debentures 1933
Un.c* Ar
Chicago A North Western 30-year deben.Un.c* Ar
Extension 4s $20,000,000 ($20,000 p m)..0n.cAr
General gold bond mtge $165,000,000—Us.c* Ar
do
do
do
registered..
Manit’o Gr Bar A NW 1st g gu M(V88,p230)F.c* Ar
Mllw A State line 1st M g gu (V88 ,p230) _ -F.c* Ar
Branch Line Bonds Assumed
Boyer Valley Ry 1st M g $16,000 per mlle.F.o*Ar
Minn A la Ry 1st M gold $16,000 per mile..F.c* Ar
Mankato A New Ulm 1st M gold $416.000-.F.o*Ar
Southern Iowa first mtge $1,120,000 gold..F.c*Ar
Princeton A Northw 1st M $2,100,000 gold-.F.cAr
Peoria A Northwest 1st M $2,125,000 gold--F.c Ar
Sioux City A Pacific 1st M gold $4.000.000-.F.cAr
Minn A So Dak 1st M gold $528,000
F.c*
Iowa Minnesota A Northwestern 1st M gold. F.c* Ar
From Elk A M V cons M $25,000 per mile assumed

$7,500,000

_

1900
1901

_

_

_

~

—

^

_

•

1.170
235
235
235

g

1901
1901
1900
1900
1883
1900
1900
1900

$1,000

1,440,000
1,000 Ac
3* g
1,904,000
1,000 Ac
g
1,000
P416.000
g
NoneJne’10
3
1.000 Ac
H g
nl
.940,000
1,000 Ac
»H g
$H g
2,125,000
1,000 Ac
1,000 Ac 03.926.000
3K g
3H g
1,000
528,000
3H g
3,900,000
1,000 Ac
6
7,725.000
1,000
1 000
1.950,000
4H g
5 g
2,000,000
1,000
1,000
2,000,000 Upto5%

1002

■

1,000 Ac

764

i«77

A

A
A
A
A
A
A
A
A
A
A
A
A

J
J
A
M
J
M
F
J
J
4
M

Co’s offioe.lllBway.N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

N May 1

D
D
O
S
J
s
A
J
J
O
s
J

1921
July 1 1924
Mch 1 1925
Feb 1 1929

May 1 1911
Oct
Oct

1 1922
1 1929

May 1 1933
Apr 15 1921
Aug 15 1926
Nov 1 1987
Nov 1 1987
Jan 1 1941
Jan
1 1941

Deo 1 1923
June 1 1924
Oct 1 1929

do
do
do
do
do
do
do
do
do
do

Sept 1 1925

Jan 1 1926
Mch 1 1926

Aug 1 1936
1
1
1
1
July 1

Jan
Jan
Oct
Mch

1935
1935
1983
1930

do
do
do
do
do
do
do
do
do
do

Liberty Nat Bank
July ’08 coup last paid

J
1930
wh earn. July 1 1930

1

000

100
Ac

$181,00 0; h$ 2,013, 000;k

Vi

from n«r> 1 1909

First National Bank N Y

Sept 11913

text
a

Tnt

30 years
N Nov 1 2002

A

5

74,877,200 See

12,500 UIM*
$2 02.500. m

Seml-an

July i ’i‘», i%

Quar.
J

A

$1,045,0 00

J fviy 1 1917

(also

$19,662,000

Office 115 B’way N Y
Fir*t National Rank N Y

O n

hand);

n

$160,000;

pallins. f.

In Mch. 1910 U. P. system (Ore. Short Line) owned $4,750,000
The consolidated sinking fund bonds of 1915 have voting power.

DIV.—1*86 to *93.
Com..! 6 yearly.

*94

*95. *96 to *99.

*00. *01.

*02 to *09.

stock

1910.

3
4
5 yearly.
6
6
7 yearly.
7
Pref ..J
7 yearly
8 yearly
BONDS.—General Mortgage.—See Abstract In V. 65, p. 1175.
The
authorized Issue is $165,000,000 (U. S. Trust Co., trustee); $131,645,000
were reserved to retire underlying bonds, and remainder for additions and
V 65
improvements. $4,000,000 at once and $1.000.000 a year thereafter.
p. 1070; V. 65. p. 69, 111, 571: V. 75, p. 980; V. 88, p. 280, 563.
On June
30 1909 $30,271,000 generals were outstanding In the hands of the public.
In May 1910 $13,522,000 were authorized to be Issued for refunding and
improv’ts, none of which was sold. V. 90. p. 1489.
The sinking fund bonds of l «70 are secured by deposit In trust of $15,000
000 of 1st M. bonds at $15,000 per mile on subsidiary lines, the most Import¬
being described In “Supplement” of May 1894.
Of the sinking fund
bonds of 1879 $5,374,000 are 6s; the sinking fund Is at least 1 % of out¬
standing bonds, which are subject to call at 105, and through Its operation
thoae outstanding have been reduced from $15,000,000 to the amount In table.
The extension bonds of 1886 are secured by deposit in trust of first mort¬
gage bonds at a rate not exceeding $20,000 per mile
Included In the collat¬
eral July 1 1909 were $10,675,000 Fremont Elkhorh A Mo. Valley 1sts and
$2,560,000 Wyoming Central lsts (consolidated with F. E. A M. V.), Ac.
ant

The Fremont Elk horn A Missouri Valiev consols have a first lien on 1.170
miles (Fremont, Neb., to Dead wood, D. T , 557 miles, and branches to

Hastings Albion, Ac., 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 A M. V Issue! are held as part collateral for Chlcaco
A North Western extension bonds of 1886.

FINANCES.—Stockholders In Feb. 1907 subscribed for
stock at par, and in Jan. 1909 were offered the right to

com.

the proceeds to be used for im¬
V. 82, p. 452; V. 83, p. 379, 817,
1098; V. 89, p. 1482.
New terminals in Chicago to cost $20,000,000 are to
be completed in 1910.
V. 87, p. 479, 881, 1159; V. 89, p. 670. In Jan.
1909 sold $16,250,000 3Hs. lncl. $10,000,000 generals. V. 88, p.230, 563.

subscribe for $30,503,000 additional stock,

provements, extensions, equipment, Ac.

EARNINGS—11 mos., /1909-10._Gross, $67,598,873; net,
July 1 to May 31.
11008-09..Gross, 60,306,934; net.
Statement for calendar year was in V. 90, p. 340; showing:
Year.
Gross.
Net.
Chges.inet). Dividends.
1909
$69,810,533
$18,960,694 $6,595,700 $8,764,734
1908
8,764,272
62,415,759
20,288,058
5,634,616

$19,837,999
21,119,369

Bal., sur.
$3,600,260
5,889.170
REPORT.—The annual meeting is held the third Thursday in October.
Report for 1908-09 at length in V. 89, p. 663, 669; editorial, p. 693. Com¬
parisons in part are inaccurate, but general results are unchanged.
1908-09.
1907-08.
1906-07.
Operating Revenues—
Average miles operated
7,635
7,631
7,551
Freight revenue.
$43,619,091 $41,949,630 $46,795,944
Passenger revenue
16,875,668 15,734,607 15,992,110
Mail, express. Ac
5,483,712
5,535,107
5,571,312
Total operating revenues
Total net Income
Rents—debits
Interest on bonds, Ac

Sinking funds and other payments
Dividends on common stock, 7%
Dividends on preferred stock; 8%

_.

$65,978,471 $63,219,344 $68,359,365
$22,610,755 $21,855,485 $24,013,071
818,848
460,159
290,711
7,603,926
7,505,184
7,750,118
252,687
251,450
231,676
6,972,903
6,972,672
6,118,577
1,791,600
1,791,600
1,791,600

Balance, surplus
$5,170,790 $4,874,419 $7,830,388
OFFICERS.—Pres., Marvin Hughltt. Chicago; V.-P., E. E. Osborn, 111
B'way, N. Y.; Treas., R. H. Williams, N. Y.; Sec., John Davis Caldwell.
Directors—W.

K

Vanderbilt, F. W. Vanderbilt.

H

Twombly,

Chauncey M. Depew, James Stillman. James C. Fargo. Frank Work, N. Y.;
Marvin Hughltt, Byron L. Smith, Cyrus H. McCormick. Chauncey Keep,
Homer A. Miller, John V. Farwell, Chicago; H. C. Frick, Pittsburgh, Pa.;
David P. Kimball, Oliver Ames, Boston; Zenas Crane, Dalton. Mass.—
V. 89, p. 669, 992, 1068, 1410, 1482; V. 90, p. 166. 372, 559, 697, 1489.)

CHICAGO PEORIA & ST. LOUIS RY .—ROAD.—Owns from Pekin to
Granite City, Ill., 180 miles; Granite City to Madison. 2 miles; Madison to
Bridge Jet., 3 m.; Havana to Jacksonville. III., 42 ni.; branch, Lockhaven
to Grafton. 8 m.; total owned, 235 m.; trackage. Pekin to Peoria, 10 m.;
In Springfield 1 H m.: to St. Louis Station. 9 m.; total, 255U miles
On July 1 1909 Pres. John P. Ramsey and Henry M. Merrlam of Springfield, Ill., were appointed receivers, the January and July 1909 coupons
on the consols being in default.
V. 89, p. 41. The Chic. Peoria A St. L.
RR. was incorporated as successor on Dec. 6 1909, with $4,000,000 auth.
stock.
V. 89, p. 1541. In July 1910 the date of foreclosure sale and re¬
organization were awaiting decision in 2-cent fare suit. V. 90, p. 1675.
Security-holders' Committee.—Charles H. Warren (Chairman), George F.
Baker Jr. and Alfred Shepherd (W. W. Stevenson, 34 Nassau St., Secretary;
Bankers’ Trust Co., N. Y., depositary).

REORGANIZATION PLAN.—The plan of the security-holders’ com¬
mittee dated July 7 1909 (assented to by a large majority of all securities
nd declared operative Oct. 26 1909) provides that a new co. shall acquire
he road after foreclosure, subject to the $2,000,000 prior lien mortgage of
900, of which $1,950,000 are outstanding. The committee is given broad
owers, Including sale in the common interest.




4,000,000
2,000,000 See text
4 g
71,207,000
See text

1909

fro
for $30,502,800
payable
rata
additional common
stock at par,
Feb. 14
raising
910,
the amount outstanding
to $130,121,700.
V. 89,
p. 1482.

GENERAL

M

6 g
1,281.000
J
A
1,000
J
M
1,000,000
A
S
1,000
6g
5 g
F
4,148,000
A A
1,000
6
M
500,000
A N
1,000
5
400.000
A
A
1,000
O
A
A O
1.000 Ac 11.643.000 5 A 6
5
M
A
9,695,000
N
1.000 Ac
5
A 15 AO
1,000 Ac g9.819,000
4
F 15 A A
1.000 Ac hi 6,619,000
1000 Ac\ m See text /
$K g M A N
1000 Ac/
l
F
e
Q
A
J
8,750,000
$H g J
1,000 Ac
8
2,500,000
A
J
J
1,000 Ac
H g

CAPITAL STOCK.—Of the com. stock. $2,340,397. and of the pref. $3,335, remained In company’s treasury in Dec. 1909. Pref. stock has prior
right to 7%; then com. 7%; then pref. 3%; then com. 3%; then both classes
share.
In 1903 the authorized com. stock was increased from $41,448,366
to $77,601,045 and in Oct. 1906 to $177,604,800.
V. 84, p. 157.
Stockholders of record Jan. 10 1910 were offered the right to subscribe

$24,401,600

6 g

$5,000,000

Places Where Interest and
Dividends are Payable

Last Dividend
and Maturity

t?

_

In addition sinking fund June 1910 held:

$74,000;

56
105
85
125
33
195

^

1,041

Chicago Rock Isl ft Pacific Rv—Stock ($75.0oo,ono).
First M Chic. Ill., to Council Bluffs A branches Us.c*
o

1898
1899
1899

^

40

Income mtge gold (text) non-cum call at par
New Securities to be Issued under Reorganisation Plan

Rnnrli

90
119
26

^

Chicago Peoria & St L—Pr lien M g call at 107 K -Taj:*
Consol mtge $2,000,000 gold call at 105
Ta c*
Stock, $4,000,000
Gen and refunding M $15,000,000 gold nd text
Chic R 1 ft Pac RR—Coll tr M $75,000 ,<7o6—Ce c*Ar

114
50

1881
1884
1885
1889
1881
1892
1879
1891
1891
1886
1897
1897
1906
1906

[VOL. LXXXXI

The plan (V. 89, p. 285) authorizes an issue of $15,000,000 "general and
refunding” 30-year gold 4 Ms. Present issue, $2,850,000. of which the
$1,100,000 issuable In exchange for the old consols and unpaid coupons are
to bear only 3% interest for the first 6 yean.
For six yean the new
bonds are to be subject to call at par on any interest date on 60 days' notice;
thereafter at 107 M.
Of the bonds. $2,850,000 will be Issued for use under
the plan; $2,000,000 will be reserved to refund prior lien bonds and $150.000
>for use in retiring prior lien bonds and $10,000,000 for extensions, etc.
Basis of Exchange of Old Securities for New.
Securities
Amount
Jf Pay
New Gen. A New Stock
Out.
Deposited.
Cash.
Ref. 4 Us.
(Vot. Tr.)
M.
$1,000 Consol.
bds._$2,000,000
*$500 00
$625 00
100 Overdue coupons
100,000
*50 00
62 50
1,000 Eq. A car. trusts
181,000
1,000 00
1,000 Income M. bonds 2,000,000
$100 00
100 00
400 00
100 Preferred stock. 3.750,000
100 Common stock.. 3,600,000

7 00
3 00

7 00
3 00

24 50
9 00

*
Interest on these bonds reduced to 3% tar first six yean.
Out of the $2,850,000 “general A refunding” 4 Ms, $850,000 will be placed
in the treasury, and it is estimated that after providing for the floating-debt
the new company will have free treasury assetsin cash and “general and re¬
funding mortgage” bonds over $1,000,000 to make needed improvements.
The new company will have a fixed annual charge of about $154,000 for
the first 6 years, which will be thereafter Increased about $15,000 by the
increase in rate from 3% to 4M% on the $1,100,000 new bonds issued in

exchange for old consols.
Security-holders who prefer'not to make a cash payment as above provided
offered in new stock at face value voting trust certificates for
$1,000 income mtge. bonds, $60 in new stock; for $100 pref. stock, $4 in
new stock; for $100 common stock, $2 in new stock.
EARNINGS.—11 mos., 11909-10
Gross, $1,633,060; net, $275,549
July 1 to May 31.
{1908-09
Gross,
1,452,263; net,
176.546
REPORT for year to June 30 1909 was In V. 90, p. 104, showing, gross,
$1,564,833; net. after taxes, $112,501; other income, $4,017; interest and
rentals, $233,721; bal., def.. $117,202.
Chief Exec. Officer, John P. Ram¬
sey, Sp.ingfield, Ill; Sec. and Aud., H. W. Berger, Springfield, Ill.; Treas.,
F. J. Wilson.—(V. 90, p. 104, 1675.)
CHICAGO ROCK ISLAND & PACIFIC RAILROAD.—Incorporated in
Iowa on July 31 1902 as an operating company, per plan V. 75, p 239 to
cake over the Chic. R. I. A Pac. Railway
The entire capital stock
($145,000 000) Is owned by The Rock Island (holding) Company.
BONDS.—The collateral trust 4s of 2002 (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. A P. Rniiwan as acoulred.
In June 1909 $70,386,700 of the
$74,859,600 Railway stock had been acquired.
The $17,364,180 5s secured by St. L. A S. F. common stock were called
for payment at 102 M and interest on Feb. 1 1910, calling for $17,798,282,
the sale of the stock, it is understood, realizing $10,852,612.
The remainder
of the purchase price of the collat. trust 5s was provided by the sale of
$7,500,000 new 5s due Sept. 1915, which were purchased by the O. R. I. A
P. Ry. and are held in its treasury.
V. 89, p. 1667.—(V. 90, p. 771.)
CHICAGO ROCK ISLAND & PACIFIC RY —{See Map Rock Island Co.,
pages 110 and 111.)—The system extends from Chicago. Ill., via Omaha,
Neb. to Denver A Colorado Springs, Col
and via Kansas City, Mo., to
Santa Rosa. New Mex. there connecting with the lines of the New Mexico
Ry. A Coal Co. and forming with them and the Southern Pacific a through
line to the Pacific Coast; also from Tucumcarl, N. M., to Memphis, Tenn..

are

.

Tex
on the south
and on the north to Minneapolis.
Minn., and Watertown, S. D. with numerous branches viz.:
Miles.
Leased—(*See this co.)
Mileage owned—
Miles.
Chic
162
Ill to Colo Sp’gs, Colo.l,064 Keokuk A Des Moines*
Peoria
A
Bureau
Valley*—
47
la..
708
Davenport,
to Terral. I. T.
White ABl.Riv.Val.* (V.90.P.502) 62
Herlngton, Kan., to Texhoma,

and to Fort Worth

.

.

O.

,

Branch

Little Rock A
Hot Springs
Western*
308
376 Rock l8l. Ark. A Louisiana
2,052 Trackage to St. Ixrals, Denver,
323

T

Burrgt’n,Ia.,to M!nn’ap.,Mlnn.
Vinton, la., to Watert’n, S. D.
lines

Pueblo. Ac
983 Other lines under construction.

Capital stock all owned—
Choc. Okla. A Gulf (leased)
Chic. R I. A El Paso
Chic. R. I A Gulf..
St. Louis K C. A Col

22
307

716
70

112

523 Total mileage oper. and under
284
construction June 30 1909.-8,118

The Rock Island Interests In

/Vprll 1006 acquired

a

half Interest In the

Trinity A Brazos Valley Ry., owning a line from Cleburne to Houston. Tex.,
236 miles, with branch to Waxahatchle, 70 miles, and trackage rights from
Cleburne to Fort Worth, Waxahatchle to Dallas and Houston to Galveston
Extension from Little Rock, Ark., to Crossett and Summerville, Ark.,
to Eunice, Ala., 308 miles, under charter of Rock Island Arkansas A Louisi¬
ana RR. was completed early in 1908.
See BONDS below. In May 1910
110 miles were opened from Amarillo, Tex., west to Tucumcarl, N. M.
of
under charter
Tucumcarl A Memphis.
HISTORY —A consolidation June 2 1880 with $50,000,000 stock
In July 1909 $70,386,700 of the $74,859,600 capital stock had been de¬
posited per plan V. 75, p. 239, each $100 stock being exchanged for the fol¬
lowing securities: $100 In 100-year 4% gold bonds of the Chic. R. I. A
Pac. Railroad (of Iowa) and $70 pref. and $100 com. stock of the “Rock
island Company” (of New Jersey). which owns the entire capital stock of
the Railroad company.
See statements for those companies.
Tn 1902 most of the stock of the Burlington Cedar Rapids
Rock Isl A Peoria was acquired.and their roads leased from

subsequently deeded to the C. R. I. A P.

V. 74,

p.

A Nor. and
June 1 and

1194, 1250.

1 *99-’02. *03. *04. ’05. ’06. *07. *08. *09.
1910.
DIVIDENDS—
Since 1897
%.J 5 yly. 7H 8M 6X 6 5 H 5 H 5 H To July. 3 H
In 1909, Jan., 1%; April,
prll, 1H%; July, 1%* Oct., 1
In 1910,
Jan., 1%; April, \K%: July, 1%.
Special distributions, lncl. $1 63 per share June 17 1905, see V. 80,p.2398
_

,

BONDS.

RASATINOLWCDKY
190.J

July,




38

[VOL.LXXXXI

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

Chicago Rock Island & Pacific (.Concluded)—
General mortgage $100,000,000 gold
Ba.c*&r

Coll tr M g Ser H to P due yearly red 101H
-Ce.c*
Ref M $163,000,000 gold red 105 to 1911..Cc c*Ar
Cedar Rapids IF&NW first mtge gold guar.-Ce.c
B C R & Nor consol first mortgage gold_-Ce.c*&r
Minneapolis & St Louis 1st M gold (assumed)_.P
Rock Island & Peoria cons 1st M (V 75 p 30)
Mp
Choc O & G general (now 1st) M $5,500.000 g _c*&r
Choc 6s Mem 1st M $3,750,000 assumed_.QP c6sr
L Rock Bridge 1st M assumed gold red (text) QP.c*
Consol mtge (see text) $30,000,000 gold
QP.c*
RIA & L 1st M $30,000,000 g gu red 105 Ba.xc* &r*
Hock Island-'Frisco Term 1st M g guar Jointly—;C*
Peoria Ry Term 1st mtge gold guar jointly red__ IC
2nd mtge guar Jointly
Equip notes due $325,000 semi-an (V.84, p.338) Ba
do ser B, due $60,000 s a
do ser C, gold, due $265,000 s-a
Cec
do ser D g $225,000 s-a (V 90, p 913, 1362)..Ba
Chic 6s R I Elev M g guar p 6s 1 redeem at par
c*
Consol Ind Coal 1st M g lnt gu red 110 s f
G c*6sr
Chicago St Louis & New Orleans—See Illinois Central
Chicago St Paul Minn & Omaha—Common stock
Preferred stock non-cum Including scrip (see text).
Ch St P 6s Minn 1st M gold Elroy to L St C ass’d- _c*
St P 6s Sioux City 1st M gold $10,000 per mlle_ _Ce c
Nor Wls 1st M Lake St C to near Spooner ass’d .Ce.c*
Sault Ste Marie 6s Southwestern first M assumed-_c
CStPM & Omtge $30,000,000 ($15,000 pm)-Ce.c*
-

do

do

Ill T 1st M $30,000,000 g red 105
First lien mtge gold red 105 (see text)

g

1898
1902
1904
1881
1884
1877
1885
1894
1899
1899

2,393

-

consols Interest reduced

Chicago Southern—See Southern Indiana
Chicago Subway—Receivers’ ctfs $3,500,000

Date
Bonds

Text
292
999
12
113
378
282
335
308

Par
Value

Rate

When

%

Payable

$1,000 &c $61,581,000
1.000 11,952,000
1.000 &c 86,118,000
1,905,000
1,000
1,000 &C 11,000,000

1.000
500 &c

1907
1907

1,000
1,000
1,000

1,000
1,000

1909
1910
1904
1905

—

1,000
1,000
100
100
500 &c

.--

1878
1879
1880
1890
1880
1880

60

1910
1903

1.000
1,000

1908

1,000 dsc

177
607
80
37

red par

Usm.c*6sr

Chicago Dock M assumed red 105 (V 68 p 333)
Notes secured by 2d M Chic Dock

do
do
New York, London, &o
New York and St Louis
New York

860 000

5 g

A

&

2,682,000

5 g

J

&

A Feb ’11-Feb
o Oct ’10-Apr
o Oct ’10-Oct
N Nov’10-May
o Oct 1 1924
D June 1 1935

18,559,086 7 In 1910 F
M
A
J
M
J
J

&
&
&
&
&
&
&
&

A
A
N
O
J
N
D
D

Jan
Nov
June
June

A

&

O

Apr 1 1912

J

&

D

Doc

J

&
&
&

D June 1 1928

1,281,000

1,000
1.000
1,000

6,070,000
631,000
350.000

1 000

16.408,000
3,734,000
3,000,000
See text
See text

665,000

1899

333,750

CHICAGO ROCK ISLAND 6k PACIFIC RY. (Concluded).
Dividends are Intended to cover only Interest requirements of the Chic.
R. I. & Pac. Railroad Co., which were reduced on sale of the St. L. 6s S. F.
stock late in 1909.
V. 90, p. 626, 628.
BONDS.—Of the general 4s of 1898 those unissued are available as fol¬
lows: $21,900,000 at not over $1,000,000 per annum for permanent Improve¬
ments and additions, Incl. equipment, and $12,500,000 to retire the first 6s
of 1917; Bankers’ Trust Co., New York, and Benj. Strong Jr., trustees.
Mtge. Abstract In V. 66. p. 522; V. 78, p. 228; V. 80, p. 472.
The collateral trust gold 4s of 1902 ($24 000,000 authorized) are secured
by deposit of all stock of Choc. Okla.AGulf RR. V.74,p 775,829 936,1356
REFUNDING 4% BONDS OF 1904 ($163,000,000 A UTHORIZED ISSUE)
A 1st lien (either directly or through pledge of entire issues of bonds of
the companies owning the same) on terminal property in St. Paul" and
Minneapolis, new equipment and shops at Moline, Ill., and on rail¬
way lines aggregating 1,148 miles; also a junior Hen subject to existing
mortgages on all the other lines of the system of the Railioay company, ag¬
gregating, exclusive of leased lines and trackage, 5,708 miles. See V. 78.
P. 228. 234: V. 79. p. 1716. 2206; V. 84. p. 219: V. 85. p. 98: V. 85. p. 1478.
Of the $86,118,000 of these bonds outstanding in May 1910, $29,818,000
had been Issued for refund’g purposes,$15,000,000 to reimburse treasury,
$23,800,000 for acquisition of property or securities and $17,500,000 for im¬
provements. Of the remaining $76,882,000 bonds authorized, $52,207,000
were reserved for underlying bonds, $13,500,000 to pay for 75% of the pur¬
chase price of bonds of other companies, and the balance for Improvements
and acquisitions of other properties or securities.
In Oct. 1908 $9,000,000
was sold, In Mch. 1909 $3,486,000, In Aug. 1909 $1,494,000 and In Jan. 1910
$3,500,000, in April 1910 $1,714,000, making $85,136,000 outstanding as
V. 87. p. 1089, 1419; V. 88, p. 623, 822; V. 89, p. 666; V. 90,
above.
Peoria Ry. Term, first 4s ($1,500,000 auth. Issue),
p. 108, 236, 1170, 1424.
guar, jointly with Chicago & Alton, are subject to call at 102 M after 10
years; also jointly guar. $280,000 second 5s.
V. 85, p. 159.
As to Chic. R. I. 6c Pac. Elevator mtge., see V. 79, p. 2590; V. 82, p. 750.
As to Consol. Indiana Coal 5s, Interest guar., see V. 80, p. 2401, 2623;
form of guaranty, V. 82, p. 1499.
Rock Island-Frlsco Terminal Ry. 5s,
guaranteed jointly, V. 84, p. 569, 748.

Mav
Mch
Jan
Jan

&
&
&
&

g
g
g
g

4He
6 g
4 g
5

4H

6

11,259,911 7 in 1910 F

1,000

July 1 1919

F
A
4M g A
4HC M

3,000.000
944,000
280,000
4,225.000
360,000
5.035.000
6,750,000

g
g
g
g ‘
g
g

6 g
6 g
6
5
6

SH
5
5 g
6 g
4 g
4

A

J

J
N
O
O
o
D
J
J
J
J
N
S
J
J

Jan

ROCK I. ARK. A LA. 1ST M. 4 MS, GUAR. P. A I., $30,000,000 AUTH.
Secured by a direct first lien on 308.30 miles, with trackage rights over
37.89 miles and on equip, worth about $1,600,000.
Of the remaining
bonds, $10,000,000 are issuable for new mileage at actual cost, not exceed¬
ing $30,000 per mile, and $9,000,000 at cost of additions and betterments to
properties on which the mtge. is a first lien.
V. 90, p. 626, 699.
LATEST EARNINGS.—J1909-10..Gross, $60,179,709: net, $15,748,822
11 mos., July 1 to May 31 11908-09..Gross, 55,741,416; net, 16,687,430
For 9 mos. ending March 31 1910, net, $13,100,328, against $12,859,337
in 1908-09; other income, $753,849; taxes, $1,933,626; interest and rentals,
$7,877,118; bal. for divs., $4,043,433; divs. (4%), $2,994,520.
V. 90,
p.

1424.

REPORT.—For fiscal year 1908-09 in V. 89, p. 1064,1164; edit., p. 1194.
Year ending June 30—
1908-09.
1907-08.
Inc. or Dec.
Average miles
8,026
7,969
+57
Total operating revenue.,
$61,184,887 $58,484,197
+$2,700,690
Operating income (after taxes)
$16,400,527 $14,558,122
+$1,842,405
Total net income
16,611,998
14,686,756
+1,925,242
Interest and rentals
10,429,190
9,958,454
+470,736
Betterments on leased lines
16,577
10,200
+6,377
Dividends (5^%)
3,930,019
3,929,785
+234

Balance, surplus
Old Basis—
Miles operated
Gross earnings.

$2,236,212
1906-07.
7,780

1905-06.
7,218

$788,317
1904-05.
7,232

+$1,447,895
1903-04.

7,205

.$60,238,420 $51,237,858 $44,051,509 $44,969,491
OFFICERS.—Pres., H. U. Mudge; VIce-Pres., Sec. and Trcas.,
Geo. H. Crosby, Chicago; Vlce-Pres. and Asst. Sec., Geo. T. Boggs, N. Y..
Asst. Sec. and Asst. Treas., J. J. Quinlan.
N. Y. office, 115 Broadway.—
(V. 90, p. 502, 626, 848, 913, 1170, 1362, 1424, 1675.)
CHICAGO ST. PAUL MINNEAPOLIS & OMAHA RY.—(See Map Chi
cago A North Western.)—ROAD.—Elroy, Wis., to Omaha, Neb., 593 miles;
other lines. 1,146 m.; total July 1 1909, 1,739 miles, of which 1,669 are

owned

and 70 miles leased.
V. 69, p. 1147.
HISTORY.—This was a consolidation July 1880 of the Chicago St. Paul
& Minneapolis, the North Wisconsin and the St. Paul & Sioux City.
In November 1883 Chicago & North Western Ry. purchased control,
viz.. $9,320,000 common and $5,380,000 preferred.
STOCK.—Authorized common, $21,403,293; preferred, $12,646,833.
Held by the company June 30 1909, common stock and scrip, $2,844,207;
preferred stock and scrip, $1,386,921.
Preferred stock has a prior right
to non-cum. dividend of 7%, but com. is never to receive more than pref.
DIVS.— 1 ’93-’96. ’97. ’98.. 99. ’00. ’01. ’02. ’03. ’04. ’05-’09.
1910.
Com. _-% ^ None.
2
23^5
5
8
6
6 7 y’ly.
7
Pref——J
7 per annum (314 F. & A.)
BONDS.—There are $1,500,000 Superior Short Line Ry. bonds which
are owned.
Chicago St. Paul & Minneapolis first 6s, due 1918, and North
Wisconsin first 6s, due 1930, are exchangeable at option of holder at any
time, $ for $, for consol. 6s of 1880, due 1930.
V. 68, p. 521; V. 77, p.2389.
EARNINGS.—11 mos., (1909-10.-Gross, $13,810,686; net. $4,802,657
July 1 to May 31.
\l 908-09. .Gross, 12,381,012; neti 4,371,776
REPORT.—Year ends June 30.
Report for 1908-09, V. 89, p. 775.
1908-09.
1907-08.
Inc. or Dec.
Total operating revenue
$13,524,650 $12,840,369
+$684,281
Oper. expenses and taxes
9,474,108
9,106,121
+367,987

Net operating Income
Total net income.




$4,050,542
$4,173,606

$3,734,248
$3,950,764

+$316,294
-{-$222,842

1 1988

May 1911-1918
Apr 1 1934
Oct

1 1921

Apr 1 1934
June 1 1927

July 1 1925
Oct
Jan

1 1919
1 1949
1
1
1
1

1952
1934
1927
1937

’17 First National Bank N

Y

’13
’19

’25
First Tr & Sav Bank Chic

Guaranty Trust Co N Y

Aug20 1910 3H Office 111 B’way N Y
do
do
Aug 20 1910 3 H
do
do
May 1 1918
do
do
Apr 1 1919
1
1
1
1

1

1930
1915
1930
1930

1928

O 1929
J July 1 1909

,

Interest on bonds
Rentals and miscellaneous
Dividend on common stock (7%)
Dividend on preferred stock (7%)

—

Places Where Interest and
Dividends are Payable

First Nat. Bank, N. Y.
do
do
do
do
First National Bank N Y
do
do
do
do
do
do
do
do
do
do
do
do

&
&
&
&
&
&
&
&
&
&
&
&
&
&

11,000,000

1 000

1907

4
4
4
5
6
7
6
5
5
6
5

Last Dividend
and Maturity

J
M
A
A
A
J
J
J
J
J
M
M
J
J

150,000
450,000
5,500,000
3,525.000
215,000
5,411.000

500

5,000
1,000
1.000
1,000

1910

1902

Amount

Outstanding

do
do
do
do

do
do
do
do

Nat City Bk, N Y & Chic
June 1909 coup last paid
June 1908 coup hist paid
Northern Tr Co Chicago

1908-09.

1907-08.

$1,602,773
308,593

$1,579,047
266,663

1,298,934
787,976

1,298,934
787,976

Inc.orDec.

+$23,726
+41,930

Net surplus for year
$175,330
$18,144
+$157,186
(V. 86. p. 1529; V. 87. p. 285, 869; V. 89, p. 162, 776. 1141.)
CHICAGO SOUTHERN RY. —See Southern Indiana Ry.

CHICAGO SUBWAY CO.—Incorporated In New Jersey Nov. 21 1904

and holds all but $2,600 of the $30,000,000 authorized and outstanding
stock of the Illinois Tunnel Co. and of the stocks of the Illinois Telephone
Construction Co. and the Chicago Warehouse & Terminal Co.
The Illinois Tunnel Co. had completed,
Oct. 1908, 58 miles of tunnel
equipped with narrow-gauge electric motors and cars, designed for the
transfer of freight between the various railroad terminals in the City of Chi¬
cago, and from these terminals to and from the downtown business district
and between business houses.
It is still engaged In developing and extend¬
ing the system.
See V. 86, p. 720; V. 87, p. 1357.
On Dec. 1 1909 the interest on the first lien bonds was defaulted and re¬

ceivers

were

appointed for the controlled properties, the

Illinois Tunnel Co.

and Chicago Warehouse & Terminal Co. (David R. Forgan and Charles G.
Dawes for the former and Edwin A. Potter for the latter).
In Feb. 1910
foreclosure suit was brought under the Ill. Term. mtge. of 1913.
In 1910 $3,000,000 of auth. issue of $3,500,000 2-year receivers’ certfs.
were sold, secured by a first lien on all the property of the Ill. Tunnel Co.
and Chicago Subway Co., to complete the telephone system.
No further
Issue of receiver’s certfs. can be made without providing for payment of
this Issue.
V. 90,
It is proposed to reorganize the enterprise,
p. 771, 848.
and place it in position to be operated profitably.
V. 89, p. 1482.

Reorganization Committee.—William Stewart Tod, Henry W. Forest and
L. C. Krauthoff represent all classes of securities of the Chicago Subway Co.,
Illinois Tunnel Co. and Chicago Warehouse Co., being chosen by a large
V. 89, p. 1482, 1541.
majority of each.
In Dec. 1909 Sutro Bros. & Co. requested holders of Illinois Tunnel bonds
to communicate with them to protect their interests.
V. 89, p. 1542.
STOCK.—The authorized stock is $50,000,000, of which $5,018,800 re¬
mains in the treasury unissued; par value of shares, $100.
BONDS.— in 1908 It was arranged to exchange per plan V. 86, p. 1284,
14o7, tfie outstanding $17,000,000 Illinois Tunnel 5% bonds for Chic. Sub
20-year 5% first lien bonds secured bv deooslt of the Tunnel bonds, the
stock of the Tunnel Co. and by other property, Including the subway com¬
pany’s interest In the stock of the Chicago Warehouse & Terminal Co.
Of
the bonds, $15,870,000 first lien bonds had been issued In Mch. 1910 In
exchange for Illinois Tunnel bonds, $1,105,000 were in the hands of the

public and the remaining $13,025,000, with $6,000,000 Chicago Subway
first lien bonds, were pledged as collateral for floating debt.
V. 87, p. 166;
V. 88, p. 100.
Chicago office, 1779 Monroe St.—(V. 89, p. 778, 918, 1482,
1541; V. 90, p. 771, 848.)
CHICAGO TERMINAL TRANSFER RR—See Baltimore & Ohio Chi¬
cago Terminal RR.
CHICAGO & WESTERN INDIANA RR.—Owns a valuable terminal
system of roads affording entrance into Chicago to the roads named below.
Its lines extend from Dearborn Station, Polk St., Chicago, to Dolton, 17 m.;
also to Indiana State line, 10 m., to Cragin, 16 m., and to South Chicago, 6
m.; total, 48 m.; total track, Including 2d, 3d, 4th tracks and sidings, 260
m.; also owns over 1,200 acres of real estate, passenger and freight yards,
The Belt Ry. of Chicago leases and operates
by the Ch. & W. I. Its securities being all
held by the companies leasing the Chicago & W. I.; see V. 60, p. 1058.
Proposed passenger station, V. 89, p. 162.
LEASES.—This company’s road and terminals are leased under per¬
petual contracts to the Wabash, the Grand Trunk West., the Chicago &
Eastern Illinois, the Chicago & Erie and the Chicago Indianapolis & Louis¬
ville, each of which five companies owns $1,000,000 stock.
They are also
leased to the Atchison, the Elgin Joliet & Eastern and Beit Ry.
Annual
rental must always exceed at least 20% lnt. on bonds outst.
V. 78. p. 819.
DIVIDENDS.—
\’95. ’96. ’97. ’98. ’99.
’00 to June’10.
Per cent
/7H
6
6
6
6
6 yearly.
BONDS.—The general mortgage bonds are drawn at 105 and Interest in
such annual amounts as will retire the debt by maturity.
Of the consol. 4s of 1902 (auth. Issue $50,000,000), $29,245,667 has been
sold on account of track elevation and other lmpr’ts, $6,738,333 additional
were used to refund bonds canceled by operation of the sinking fund, $7,723 O00 are reserved to retire underlying bonds and $7,630,000 for future
additions equal to at least the par value of the bonds Issued.
The item of
$29,245,667 Includes $12,271,000 sold in Dec. 1908, part of which was
used to retire the $8,000,000 collateral trust notes called for payment
Feb. 1 1909.
V. 87, p. 36, 1604, 1663; V. 88, p. 100, 374.
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for 1909 was In
V. 91, p. 211, showing gross Income, $2,437,998; lnt., &c., $2,081,600
divs., $300,000; bal., $56,398. Pres., Howard G. Hetzler.— (V. 91, p. 211
warehouses, elevators, &c.

116 miles of the 300 miles owned

,

CHIHUAHUA & PACIFIC RR.—Chihuahua, Mex., to Mlnaca, 125 miles;
E Carpio Jet. to Temosachlc, Mex ,
Orient statement and V. 71, p. 181.

55 miles.

See Kansas City Mexico &
Stock is $2,860,000; par of shares,

In Mch. 1909 the Mexico Northwestern
Ry. acquired the stock and bonds.
V. 88, p. 748.—(V. 88, p. 748.)
CINCINNATI BLUFFTON & CHICAOO RR —Road Is projected

$100.

Bonds,

see

table above.

Union City, Ind., 75 m., of which Bluffton to Huntington, 52 miles, completed.
V. 84, p 1182. On March 14 1908 John 0.
Curtis was appointed receiver.
V. 86, p. 720. The Sept. 1908 coupon was
not paid when due.
Receiver’s certs. May 1909, $125,722 6s, due in 4 mos.
from Huntington to

to 2 years’ time.
V. 88, p. 1313. In Mch. 1910 application was made
for sale of road under $95,000 defaulted receivers’ certificates.
V. 90, p.
697.
Sale of road Is to be set at Sept. 1910 term of court.
Bondholders’
committee, V, 87, p. 873.

Miles
Road

RAILROAD COMPANIES

[For abbreviations, Ac., see notes on first page]

HamIUnfl ft

... -

Par

Amount

Rate

When

Value

Outstanding

%

Payable

j

Plqua A Troy 1st M $250,000 gold

guar p A i
Cincinnati Find A Ft vV 1st M g guar endured. _N

c

$5,000,000

1002

1.000AO

7,629,667
35.984.000

6
6 g
4 ff

q--M 31 June 301910 1)4 Chicago
Dec 1 1932
J P Morgan A Co N Y
Q —M
J
A
J July 1 1952
Ill Tr A S Bk. Chic; ANY

180

1905

1,000

2.360,000

5 g

J

A

J Jan

1 1955

Office 80 Broadway, N Y

52

1903

1,000

As collat.

5 g

M

A

S Sept 1 1933

Sept ’08 coupon not paid

91

1903

1,000

1,150,000

41?

M

A

N Nov 1 1923

100

8.000,000

To be reduced to this

amoun

100

a248,575

2,000,000

59
59
95
167

1887
1892
1892
1891

1,000

All
13
14
AU
All

1905

1,000
1,000

_

_

1,000
1,000
1,000

1887
1889
1909

1,000
$ A £

1909
1908

_

1.000
1,000

1905
1904
1910

1 .000

1,000

262 J1895

1,000
1,000

(1895

t unde

1.000

1902
1881
1899
1903

361
142
9
91

c*
Clncin A Ind Western—See Chicago Clncln A Louisv
Cincinnati Indianapolis A Western—See Cincinnati H amllto
Cincinnati Inter-Terminal RR—1st pref stk (see text) Text
38
Cincinnati Lebanon A Northern—First mortgage—c
1st con M $1,500 000 g gu p A1 end (V 75 p 1398) .c*
52
148
Cin A Musk Val—1st M $2 000.000 g gu p A 1 end F.c*
a

n

1

000

1,000
1,000
100

1

000

CINCINNATI FINDLAY & FORT WAYNE RY.—Owns Findlay, O., to
Wayne, Ind., 80 m ; also connecting link with the Cln. Ham. A D. fiom
Delphos to Mandale, 12 m., completed Oct 15 1904. V. 77, p. 88, 694.
Leased to Cln. Ham. A D. 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 Cln Ham. A D.. which guarantees bonds, prln. and Interest.
Mtge. Is limited by special agreement to $1,150,000, or about $12,500 per

CIN. GEORGETOWN & PORTS. RR—See

D.

286, 342,

‘Electric Railway Section.”

CINCINNATI HAMILTON & DAYTON RY —The system Includes;
Road owned—

Cincinnati to Dayton, O
Dayton to Ironton, O
Dayton to Delphos, O

Trackage

Roads leased—(+See this Co.)
Dayton A Michigan
Home Ave. RR

Miles
Miles.
Proprietary roads—
*361
59 Cincinnati Ind. A Western
165 Cincinnati A Dayton
13
95 Columbus Findlay A Northern..
18

62 Bowling Green RR

Plqua & Troy Branch
*142 Clncln. Find. A Ft. Wayne

—

19
8
*91

1,036

Owns $11,000,000 Pere Marquette RR. stock; also owns Dayton & Union
Jointly with Clev. Cln. Chic. A St. L. and jointly with Southern Ry. controls
Cln. New Orl A Tex. Pac. Ry.
V. 75, p. 978.

ORGANIZATION.—The company resumed possession on Aug. 19 1909,
the finances having been readjusted without foreclosure per plan of June
1909 (V. 88, p. 1436,1498).
Under the plan the management of the system
was taken over by the B. A O. RR., and the ownership of the controlling
stock Is to be acquired by that company at the end of 7 years from July 1
1909 at a price then to be fixed by arbitrators; during the 7 years said
controlling stock Is to be vested In three voting trustees, one to be President
for time being of B. & O.
.

STOCK.—The plan contemplated the retirement of the $7,751,425 pref.
stock (out of $8,000,000 total).

*

BONDS, Ac.—The holders of 4 H% notes ($15,000,000 received for each
$1,000 note and its coupons $60 in cash and $1,000 of new gen. mtge. bonds
(total issue $20,000,000), to draw Interest as follows: 4H% dependent upon
income until July 1 1911; then 1% fixed and 3H% dependent upon income
until July 1 1914; then 3% fixed and 1)4% dependent upon income until
July 1 1916; thereafter 4)4% fixed.
1. First and Refunding Mortgage dated July 1 1909, Auth. Issue, $75,000,000.
This mortgage covers all the lines'! of railway of the company, all its
leasehold rights, all stocks of subsidiary companies owning operated lines
and all property acquired by use of said bonds or the proceeds thereof.
(See V. 88, p. 1498; V. 90, p. 771.)
Of which there have been issued $27,500,000, viz.:
(a) To pay or adjust Indebtedness due and accrued
$7,500,000
(&) For improvements now needed
5,000,000
(c) For necessary working capital
2,000,000
(d) For collateral to $11,557,000 4% purchase money notes of
1908
..13,000,000
Reserved for future use, $47,500,000, viz.:
<e) For additions. Improvements and betterments
$23,721,000
(f)
For refunding underlying bonds
23,779,000

The bonds specified above as (b) and (c) and $5,500,000 of those named
(a) are guaranteed, prln. and lnt., by the Baltimore A Ohio RR. Co.
Under supplemental agreement dated July 1 1909 (V. 89, p. 469) $11,557,000 4% purchase money notes dated 1908 and due July 1 1913 (of
which a small amount reserved to retire outstanding refunding 4s of 1904
had In July 1910 not been issued) are secured
by pledge of $13,000,000 new
“first A refunding” 4s.
These notes are guar, by the B. & O.
See form,
V. 89, p. 918.
The ref. mtge. bonds (dated 1904, for which the purchase
money notes of 1908 were exchanged) have been or are to be canceled.
2. General Mortgage (see above)—Total Issue, $20,000,000.
The fixed Interest on the general mortgage will be payable Jan. 1 and
July 1, and the Interest dependent on Income (non-cumulatlve) will be
payable Nov. 1 yearly.
Of the generals, $15,000,000 are issuable In ex¬
change for the 4 )4% notes, the remaining $5,000,000 for floating debt, Ac.
In consideration of the
undertakings or the B. A O., the original bonds
issued under the general mortgage are to be
subject to call on any July 1
prior to July l 1916, for exchange for new 4% bonds secured by the gen.
mtge. and guar, by the B. A O. as to prln. and lnt.
The original bonds are
also to be subject to call for payment
at par and accrued lnt. and the 4 %
guar, bonds at 103 and accrued lnt. on any Jan. 1 or July 1.
During July 1916 (or sooner. In case of earlier acquisition by B. A O.
of the controlling stock) the B. & O. will,
upon demand, unless said gen.
mtge. bonds shall have been sooner redeemed, at Its option either (a) pay
85% In cash and interest for said bonds or (b) Issue in exchange therefor a
new 4% bond secured
by said gen. mtge. and guar. prln. and lnt. by the
B & O.; the B. & O. to elect whether to make
such purchase or exchange.
as

P*"GUARANTIES.—Guarantees securities of Cln. Ind. A West., Dayton A
Mich, and Cln. Find. & Ft. Wayne; also $933,000 Ind. Dec. A West. 5s.
Also guaranteed $9,207,000 Pere Marquette
refunding 4s, but stockholders

of

9;
* D* subsequently voted to cancel lease and guaranty. V. 85,
653; V. 87, p. 1355.
EARNINGS—11 mos.,(1909-10
Gross. $8,615,502; net, $1,803,953
July 1 to May 31.
11908-09
Gross, 7,254,620; net, 1,363,431
mos‘ endln& March 31
1910, net, $1,691,412, against $1,186,155 in
1908-09; taxes, $235,677; other Income, $84,537; Interest, rentals, Ac.,
$1,779,466; balance, deficit, $239,194. V. 90. p. 1554.

p.




804,500
200,000
1,268,000
1,750.000

g J

5 g
4
5 1?

4
5
4 g
4 g

F
J
M
F

A
A

A Co, N Y

J P Morgan A Co N Y
do
do
do
do
Apr 1 1942
do
do
May 1 1941
Jan 1 1955
Owned by Company
do
do
July 1 1937
Oct 1 1929
do
do
J P Morgan A Co, N Y
July 1 1959
do
do
July 1 1939
Central Trust Co, N Y
July 1 1913
J P Morgan A Co, N Y
To Apr 11916
To Oct 1 19 4
R Wlnthrop A Co N Y
To J’ne 1 1920 J P Morgan A Co, N Y
Jan 1 1935
Central Trust Co N Y
Jan 1 1935
do
do
Jan 1 1953
J P Morgan A Co N Y
Jan 1 1911
J P Mororan A Co N Y
Nov 1 1939
Un Sav Bk A Tr Co., Cin
Nov 1 1923
J P Morgan A Co, N Y

J Jan 1 1937
D June 11942

A

O

A

N
J
J
O
J

A

A
A
A
text
A
J
A
o
o
A
A
D
A
J
A
J
A
J
A
J
A N
A
N

A
A
A
A

A Aug 1 1910
J Jan 21916
N Nov 1 1942
A Aug 11948

2 % Cincinnati

addition al under purch.

REPORT.—Report for

year

Central Tr A S D Co Cln
Farmers’ L A Tr Co N Y
Fanners’ L A Tr Co N Y
money notes

ending June 30 1907 in V. 85,

Year ending June 30—

Miles operated
Gross earnings
Netincome
Deduct Interest on bonds
Interest on bills payable
Rentals

of 1908

p.

1003.

1908-09.

1907-08.

1906-07.

1,036
$7,897,048
1,131,078
2,206,176
246,577
370,247

1,038
$8,011,483
1,145,955
2,217,262
234,522
368,073

1,038
$8,729,064
1,987,275
2,220,615
261,345
366,669

Balance, deficit, for year.
$1,691,922
$861,354
$1,673,902
OFFICERS.—Chairman of Board, Daniel Willard; President, William
Cotter; Vice-Pres., J. L. Cramer; Sec. and Treas., F. M. Carter; Asst.
Sec., E. M. Devereux.
Directors—Oscar G. Murray, L. F. Loree, Geo. F. Randolph, William
Cotter, Geo. W. Perkins, Charles Steele, Frederick W. Stevens, George F.
Baker, F. A. Durban, Joseph Wood, E. R. Bacon, Henry F. Shoemaker,
F. D. Underwood, Harry Bronner and Norman B. Ream.—(V. 90, p. 1554.

CINCINNATI INDIANAPOLIS & WESTERN RR—Hamilton, O., to
Springfield, Ill., 284 miles; Sldell, Ill., to West Liberty, 77 miles; trackage.
West Liberty to Olney, 8 miles.
A consolidation Sept. 1902.
V. 75, p
239,289,497,732.
Stock authorized, $8,200,000; Issued, $7,115,800; all
owned by C. H. A D., which received dividends thereon In 1902-03, $126,798;
In 1903-04, $167,322; In 1904-05, $156,095.
BONDS.—The “first and refunding” 4s of 1902 ($8,200,000 authorized

Issue)

3

Total of all

4H

b Also $13 ,000,000

plan of 1909.

Ft.

Bonds are subject to call at 102
and Interest.
V. 78.
Form of guaranty, V. 78, p. 701.—(V. 90, p. 697.)

3,000.000
1,200,000
3,500,000
17,500,000

J P Morgan
Dec 24 1903 2% Cincinnati

Text

J
A
M
J
4)4
J
300,000
4)4
6
A
300,000
4
J
bl4.500.000
20.000,000 See text See
J
4 g
11,557,000
648.000
4)4 g A
828.000
4)4 e \
5
J
2,320,000
& g
J
2,229,000
5 g
J
933,000
4 722.000
4 g
J
5
J
2.728.000
4
M
250,000
g
4
M
1,150,000
g

1,000
1,000

1886
1902
1898
r

See text

A D ayton

Stock, $1,125,000, all of one class, lssuaole $15,000 per mile; par of
shares. $100 each.
Bonds, see table above.
V. 84. p. 449.509.
For year
ending June 30 1909, gross, $83,883; net, $21,123; Int. and taxes, $51,315;
bal., def., $30,192.
Pres., S. H. Bracey; Sec., Charles Blackburn; Treas.,
Wm. George. Office, 1606 Tribune Bldg., Chicago, Ill.—(V. 90, p. 697.)

mile.
701.

Places Where Interest and
Dividends are Payable

$100

Dn vton—Common stock

Second (now first) mortgage gold
_Fc*
General mortgage $7,800,000 gold
Me c*
Cincinnati Dayton A Chicago first mtge gold
N
Cln Day A Ironton 1st M g guar (assumed)—Ce.c*
Cln Ham A Dayton consol mortgage
Ce
Cincinnati A Dayton 1st mortgage
Toledo Findlay A Springfield 1st M
1st A ref M $75,000,000 auth, part gu_Bax.c*Ar*
General mortgage $20,000,000 redeemable text__Ce
Coll tr pur m notes $11,557,000 g gu pAi redparCe.xc
Car trusts gold $54,000 due s-a begin Oct ’06__Ce.c
Car trusts $92,000 due semi-annually
Car trusts Ser A due $116,000 seml-ann..
Ba.
Ind Dec A W 1st M gold red (not guaranteed..Ce 1
at 110
\guar p A 1 (end) —c
C I A W 1st A ref M $8,200,000 g gu p A 1 end-.Ta
Dayton A Michigan 0 <?t mortgage guar p A 1 end..c

Last Dividend
and Maturity

1,000

48

gold sink fund subj to call 105.c*
Con* M $50,000,000 g
IC.o* Ar
Chicago &. West Michigan—See Pere Marquette RR
Chicago Wisconsin & Minnesota—See Wisconsin Cent
Chihuahua & Pacific—First M gold
Ma
Choctaw & Memphis—See Chic Rock Island A PacRy
Choctaw Okla & Gulf RR—See Chic Rock I A Pac Ry
Cincinnati Bluffton A Chicago—1st M $1.500.000 g_c»
Cincinnati Dayton & Ironton—See Clncln Ham A Day
Cincinnati Find A Ft W—1st M g guar end red-.N c*
General mortgage

—

Date
Bonds

1882

Chicago & Western Indiana—Stock (see text)

rinrinnsii

39

RAILWAY STOCKS AND BONDS

July, 1910.]

are

guaranteed, principal and Interest, by C. H. & D. by endorse¬

ment. V. 75, p. 1201, 1335; V. 77, p. 1290.
Guaranty, V. 78, p. 2011.
The I. D. A W. bonds are redeemable by lot at 110 at any time on eight
weeks’ notice: $933,000 are guaranteed by Cln. Ham. & Dayton.
Car
trusts June 1909. $49,000 4% equipment notes, due semi-annually to Nov. 1
1911 Ind.; int. M.AN. at Blair & Co., N.Y.—(V.88, p.451; V.89, p. 469.)

CINCINNATI INTER-TERMINAL RR.—Owns a road 6 miles In length
connecting the Chesapeake A Ohio bridge and the Cln. Ham. A Dayton
terminals.
Controlled by Chesapeake & Ohio Ry.
Common stock, $10,000
In $100 shares, Issued for purpose of control.
There Is authorized $1,000,000 of first preferred 4% cumulative stock secured by mortgage to the
Union Savings Bank A Trust Co. of Cincinnati, as trustee, and rentals paid
by Chesapeake A Ohio and Louisville A Nashville, and subject to call on
anv Interest day after Feb. 1 1915 at 105.
V 79, p. 212; V. 80. p. 1728,
2398,2620.
Rentals received to year ending June 30 1909, $32,436; dlvs.;
$31,804; bal., sur., $632. .Pres., Geo. W. Stevens.—(V. 80, p. 2620.)
CINCINNATI LEBANON & NORTHERN RY.—Owns Cincinnati, O.. to
Dodds, 38 miles. Including 6 miles from Lebanon to Dodds, leased to the
Dayton Leb. A Cln. RR.; Middletown June, to Middletown, O., 14 miles
(former Mid. A Cln. RR., taken over Jan. 1 1903); total, 52 miles.
Stock
authorized

$1,500,000: outstanding $1,100,000. mostly owned hv Penn.
V. 75, p. 980.
Dividend of 3% paid In 1906 and 1909.
Of the $1.500,000 first cons. 4s of 1902, guar. prln. & lnt, by the Pennsylvania Com•
pany, $200,000 are reserved to retire the 5s due 1916.
V. 77, p. 86.
Cal,
year 1909, gross, $351,840; net, $101,729; other inc., $39,108; charges,
$74,553; dlvs. (3%), $33,000; sur., $33,284 —(V. 77, p. 86.)
CINCINNATI & MUSKINGUM VALLEY RR.— (See Maps of Pennsyl¬
vania RR.)—Owns Morrow, O., to Trlnway, O., 148 miles; half Interest
Zanesville Terminal RR., 5 miles.
V. 77, p. 86
Of the bonds, $250,000 are reserved for future needs; sinking fund retire*
yearly 1% of those outstanding, If offered at par or less. The Penn¬
sylvania Company guarantees the bonds, principal and Interest.
See
form of guaranty, V. 76, p 653.
Stock, $2,000,000, all owned Jan. 1 1910
by the Pitts. Cln. Chic. A St. L. Ry.
Dividends: 1900, 6%; 1901 to 1906
lncl., 2% yrly.; 1907 and 1908,4%: 1909, 5%.
Penn. RR. owns $1,318,000 of the $1,705,000 bds
Car trusts, $67,200 3 )4S, payable $22,400 yrly.
Co.

Yr. end. Dec. 31—
1909
1908

Gross.

Net Inc.

Interest.

$928,011

$244,782

$70,000

Dividends.

Balance.

(5%)$100,000 $74,782

783,888
205,719
70,000
(4%)80,000
55,719
Payments In addition to above In 1909 were $17,694 for additions. Im¬
provements, Ac. (against $10,346 in 1908), and $17,881 for prln. and int.
of car trusts and hire of equipment, Ac.—(V. 82, p. 1494.)
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY.—(See Map of
Southern Ry.)—Operates Cincinnati Southern Ry., owned by city of Cin¬
cinnati, Cincinnati to Chattanooga, Tenn., 335 miles; trackage, 2 miles.
In
Jan. 1903 the entire stock of the Harrtman & Northeastern Ry., 20 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 remain¬
ing $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 %; 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,
has prior rights on dissolution, but no voting power.
V. 74, p. 528, 829.
DIVIDEND.—On pref., 1
%, paid quarterly Sept. 1 1902 to June 1910,
both Inclusive.
On common, 2%, paid Dec. 1 1903 out of accumulated
earnings to June 1903; Sept. 1 1904. 2%; June 1905. 3%; Dec., 2%;
June 1906, 3%; Dec., 2)4%; 1907 to 1909, 5% (J. A D.); 1910, June, 2)4%.
On April 1 1906 $1,500,000 5% notes were issued to pay for Improvements,
payable $150,000 semi-annually to April 1911 Inclusive. V. 83, p. 1225.
In Nov. 1907 $500,000 3-year 6% notes were sold. V. 85, p. 1338.
STOCK.—Common, $3,000,000, controlled In interest of Southern Ry
and Cincinnati Hamilton A Dayton Ry.
V. 61, p. 26; V. 65, p. 1173.
Stockholders In May 1908 subscribed for $453,400 new preferred stock
at par, raising the amount outstanding to $2,453,500. ' V. 86, p. 1099,1409.
LATEST EARNINGS.—/1909-10._Gross, $8,280,550; net, $3,208,970
11 mos., July 1 to May 31.\ 1908-09.-Gross,
7,153,313; net, 2,495,921
ANNUAL REPORT.—Report for year ending June 301909,'wasln V. 89,
p. 1340, showing: Gross, $7,826,982; net, $2,507,299; other Income, $144,605; Interest,.rentals, Ac., $1,456,905; lmprov’ts, $678,475; dlv. on pref.
(5%), $118,889; dlv. on com. (5%), $150,000; bal., sur., $247,635.
In
1907-08, gross, $7,892,050; net, $1,631,578.—(V. 89, p. 1347.)

40

RAILWAY STOCKS AND BONDS.

RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first page]
stock

$3,000,000

Preferred stock 5 % cumulative $3,000,000
Notes, due $150,000 semi-annually

do

_.

............

Cincinnati Northern—1st M $3,000,000 gold-.G c*&r
Cincinnati Richmond & Ft W—1st M frold int guar.c*
Clearf’d & Mahoning—Stock 0% rent $1,000,000 auth.
First mortgage gold guaranteed B R & P._ G_c*&r
Cleveland Akron & Columbus—Stock $4,000.000
General mortgage (now first) gold
First consol mtge $4,000,000/guaranteed p

& 1 end.

86
_

Gen cons mortgage ($12,000,000) gold._Us.c*&r
Indian & St L 1st M In 3 series of $687,000.._Us.c
2d M ($2,000,000) gold Indlanap to Terre H
c*
Clev Cln Chic & St L White Wat Val Dlv 1st g.Ce.c*

i*

Ce c*

Cairo Division 1st M $5,000,000 gold
Ce.c*
St Louis Dlv coll tr gold ($351,000 In s f). .Ce.c&r
Clncln Wab & Mich Dlv first mtge gold
Us c*
Gen M100 years for $50,000,000 gold
Mex.c*&r
New bonds, $20,000,000 authorized
Notes $5,000,000 gold
c&r

_

100

^

1906
1907
1904
1906
1907
1901
1871

_

1,000
1.000

1,000
1.000
50

.

26

1893

177

1887
1900
1900

1.000
100

1

gold sinking fund
\ not guaranteed
J
Cleveland Cincinnati Chicago & St Louis—Com stock
Preferred stock 5 % non-cumulatlve
CI St L & C con M drawn at 105 sink fund 1 %
c*
Gen 1st M $10,000,000 g s f not drawn
Ce c&r
Cleve Col Cln & Ind consol mortgage (see text)

Spr & Col Dlv (Col Sp & Cln) 1st M gold

Amount

Outstanding

$100
_

000 s-a (V 78 p 1391).
Ser B due $97,000 seml-ann (V 82 p 928)

do

Par

Value

___

Notea

Equip trusts due abt $85

Date
Bonds

188/

1

^

175
391
391
72
72
62
45
267
194
203

1,021
—

—.

^

^

—

•

•

—

500

&C

1,000
1.000
100
100

'

Cin New Or! & Texas Pac—Com

Miles
Road

1,000
1,000 &c
1,000
1,000
1,000
1,000
1.000

1880
1886
1874
1884
1869
1882
1890
1890
1890
1890
1891

600

&c
1,000

1,000 &c
1,000

1893

1.000

1910

500 fr,&c
1,000 &c

1907

Rate
%

[VOL.

When

Last Dividend
and Maturity

Payable

$3 000,000

5 In 1909 J
&
D June 151910 2 H
2.453.400 5 in 1909
Q—M
June 1 1910 1M
300.000
5
A
&
O To April 1911
6
252,000
J &
D Deo 1 1910
4
170.000
M
&
S Sep ’10-Mch’ll
1,164,000
4K K M & N Nov’10-May’16
77,464
5
Various To Oct 1910
4
1,000,000
J
&
J July 1 1951
7 C
1.800,000
J
& D June 1 1921
6
1.000,000
J
&
J July 1 1910
6
650,000
J
&
J Jan 1 1943
5
4.000,000 4 in 1909 M &
S Mch 25 1910 2 7c
ft g
1,800 000
M
&
s Mch 1 1927
4 g
1.023,000
F
&
A Aug 1 1940
4 g
F
624,000
&
A Aug 1 1940
47,056,300 4 In 1910 M &
S Sept 1 1910 2 %
10,000,000 ft In 1909
Q—J
July 20 1910 1H
6
M
623,000
& N May 1 1920
7.250,000
Q—F
Aug 1 1936
4f
4,138.000 7 or 6 g J
& D June 11914
6
3,205,000
J
&
J Jan 1 1934
g
7
2,000,000
Various July 1 1919
6 g
M
50Q.,000
& N Nov 1 1912
4 g
650,000
J
&
J July 1 1940
4 g
M
1,103.730
&
S Sept 1 1940
4 g
J
5,000,000
&
J Jan 1 1939
4 g
M
10,000,000
& N Nov 1 1990
4 g
4,000,000
J
&
J July 1 1991

Places Where Interest and
Dividends are Payable

Cincinnati
do

Cincinnati. Ohio

Cincinnati, Ohio
Blair & Co New York
Equitable Trust Co N Y
New York

Guaranty Trust Co N Y
Winslow. Lanier&Co N Y
Checks mailed
36 Wall Street New York
Checks mailed
Winslow.Lanier & Co NY
do
do

4 g

J

&

D June 1 1993

do
J P Morgan
do
do
do
do
do
do
do
do
do
do
do
do
do

4

J
J

&
&

D June 11930
D June 11911

do

-

25,137.000
10.000.000
5.000.000

LXXXXI

6 g

do

& Co N Y
do
do
do
do
do

do
do
do
do
do
do
do
do

-

do

Obligations for Proprietary Lines

50
6
Cincinnati Sandusky & Cleveland—Preferred stock.
M
428,997
&' N
Consol (now first) mtge $3,000,000 gold—AB.c
5 g
1,000
170
1888
J
2,571,000
&
J
Central Indiana first mtge $4,000,000 gold guar_.Ce
125
4 g
M
1903
1.000
1,500,000
& N
4 g
45 1903
1.000
Chl&StLSLlstM $3,000,000 gold gu._Ce.c*&r
3,000,000
A
&
O
Louisville & Jeffersonville Bridge 1st M—See thatCo
Cleveland Columbus Cincinnati & Indianapolis—Cleve land I ndiana polls St Louis & Chi cago—Se 6 Clevela
Cleve Lorain & Wheel—Con mtge (now lit) g.Usm.c*
192
1893
ft g
1.000
5,000.000
A
&
O
General mortgage$l ,000 000 gold redeem at 105.. N
1896
192
ft g
1,000
893,000
J
&
D
1 non
4U
Conunl rpfmtffp Jim non non (tam r»>ri at m2U T*.r*
1900
192
4,nnn nnn
J
&
J

CINCINNATI NORTHERN RR.—(.See Map Cleveland Cin. Chicago A StLouis.)—Owns Franklin. O., to Jackson, Mich., 208 miles; trackage (C. C.
C. & St. L.), Franklin to Cincinnati, 38 miles; at Jackson, 1 mile.
On Jan. 1
1910 Clev. Cin. Chic. & St. L.owned $1,707,400 of the $3,000,000 stock
and $581,000 bonds.
dividend
First
on stock, 3%, paid March 1 1910.
In year ending Dec. 31 1909, gross, $1,177,691; net inc., $264,456; charges,
$114,770; dlv. (3%), $90,000; balance, sur., $59,686.
For 5 mos. ending
May 31 1910, gross, $484,414. against $442,596 in 1909; net, $88,701,
against $71,818.

Pres., W. C. Brown.—(V. 90, p. 697.)

CINCINNATI RICHMOND & FORT WAYNE RR.—Owns from Rich¬
mond, Ind., to Adams, Ind., 86 m.; leases 5 m. of P. Ft. W. & C.
Now op¬
erated (Dec. 1909) by Grand Rapids & Indiana Ry. Rental, net earnings.
Int. is guaranteed by the Pennsylvania Co. and Pitts. Cin. Chic. & St. L. Co.
Jointly (the P. C. C. & St. L. taking the place of the Cin. Ham. & Davton
In 1888).
Stock, $2,186,600 (par $50.) of which Penn. Co. owned $1,257,900.
Due guarantors Nov. 1 1909, $1,702,088.
Year end. Dec. 31.
Gross.
Net.
Interest, Ac.
Balance.
1909
$668,639
$102,995
$184,720
def.$81,725
1908
613.703
114.999
def.
163,938
48.939

CINCINNATI UNION DEPOT & TERMINAL CO.—V. 91, p. 154.
CLEARFIELD & MAHONING RY.—{See Map Buf. Roch. A P«fs.) —
Owns road, completed in 1893, from Du Bols Jet., Pa., on Buf. R. & P., to
Clearfield on Beech Creek RR., 26 miles.
Leased during corporate existence
and renewals thereof to Buffalo Rochester & Pittsburgh—which see—at a
rental payable in gold and equal to 6% on $1,000,000 stock, par $50.and 5%
on bonds, the latter being guar., p. & I., by endorsement.
In Nov. 1909
the authorized stock was increased from $750,000 to $1,000,000.
470, 1141.—(V. 89, p. 470, 1141.)

V. 89,

p.

CLEVELAND AKRON & COLUMBUS RY.—(.See Maps of Pennsylvania
RR.)—Owns from Hudson, O.. to Columbus, O., 144 miles; Dresden branch.
Kilbuck to Trinway, 34 m.; Apple Creek branch, 9 m.; Howard coal branch,
4 m.; coal spurs, 5 m.; total owned, 196 m.; trackage. Trinway to Zanesville.
17 m.
Owns a fourth Interest In Akron & Barberton Belt RR., 24 m.
V. 76, p. 435.
Car trusts Dec. 31 1909, $588,773, due $82,992 yearly.
Penn. Co. took control June 1 1899, purchasing $2,237,500 of the $4,000,
000 stock (oar $100).
Dividends, 2% yearly. Sept. 1901 to Sept. 1905:
1906, 3% (M-S); 1907, Mch., 1H%; Sept., 2%; 1908 and 1909, 4% (M-S);
1910, Mch., 2%.
Of 1st cons, gold 4s of 1940 (Commercial Trust Co. of

Phila., trustee), $1,023,000 are guar., prin. & Int., by the Penn. Company;
$1,800,000 are reserved to retire the gen. 5s due 1927; V. 71, p. 390; V. 76,
p. 653; V. 77, p. 1746, 2280.
Report for 1907 In V. 87, p.282. In 1909,
gross, $2,240,200; net, $551,431; oth. inc., $20,893; chgs., $232,476; dlv.
(4%), $160,000; add. & impts., $164,765; bal., sur., $15,083.—(V.87,p.282.)
CLEVELAND CINCINNATI CHICAGO & ST. LOUIS RY.—(See Maps
N. Y. Central A H. R. RR.).—ROAD.—Radiates from Indianapolis, Ind.
westerly to Chicago, Peoria, Cairo, Ill., St. Louis, easterly to Sandusky,
Cleveland, Columbus and Cincinnati, O., and southerly to Louisville.
Owned Directly—
Miles.
Leased and Controlled—
Miles.
Cleveland, O., to Columbus, 0..138 Cincinnati & Springfield Ry.... 48
Gallon, O., to Indianapolis
Colum.
203
Hope & Greensb'g RR
24
Delaware to Springfield
50
Jointly Operated—
Cincinnati to Lafayette
170 Chic. Ind. & St. L. Short Line..
44
Indianapolis to Terre Haute
72
Trackage Into Cincinnati, &c_
32
Harrison Branch
7 Trackage Into Jeffersonville....
53
Leased—entire stock owned—
Trackage Into Toledo (V. 79, p.
Cincinnati Lafayette & Chic. Ry. 57
1023. 2696)
48
Cairo Vincennes & Chic. Ry—
Cairo, Ill., to Tilton & branch.261
Total included In earnings.
1,982
St. L. Dlv., T. H. to E. St. L.190
Operated; earns, kept separate—
Columbus Springfield & Cin.—
Peoria & Eastern Ry
*351
Columbus, O., to Springfield-. 45 Cincinnati Northern
*248
White Water—Harrison, Ind...to
Kankakee & Seneca RR
42
Hagerstown, Ind
62 Mt. Gilead Short Line..
2
Cin. Wabash & Michigan Ry.—
Loulsv. & Jeffersonv. Bridge
*3
Benton
_

_.

Harbor to Rushvllle and

branch

249

Other lines
59
Cincinnati Sandusky & Cleve. Ry.—

Sandusky, 0.,to Day’n, O..&C.170

Total of system Dec. 31
*09..2,628
Trackage Ill. Cent. Into Chic.)
On percentage basis

Operates Independently—
Dayton & Union RR. (•)

/
47

•See this company.
Double track
339
In Apr. 1910 a new double-track line from Evansville
"to Mt.Carmef
Ind., 30 miles, was under construction. V. 83, p. 817, 1098.
HISTORY, &c.—A consolidation of the Cincinnati Indianapolis St. Louis
& Chicago Railway Co., the Cleveland Columbus Cincinnati
& Indianapolis
Railway Co. and the Indianapolis & St. Louis Railway Co., made In July
1889, per plan In V. 48, p. 427.
Of the com. stock, $30,207,700 was In Jan.
1910 owned by the L. S. & Mich. So. Ry., a majority of the entire
share
capital. V. 72, p. 86; V. 82, p. 749.
The company Is also one-fourth owner of Peoria & Pekin Union
Ry
(through the Peo. & East. Ry.), one-fourteenth owner In Terminal RR
Association of St. Louis, and two-fifths owner of Indlanap. Union Ry
and
part owner of Cent. Indiana Ry., Cent. Union Depot & Ry. of Cincinnati
Union Depot of Columbus, Dayton Union Ry., Dayton & Union RR.
Mund.» Belt Ry. and Findlay Belt Ry., which are operated
Independently.
STOCK.—The stockholders voted June 21 1905 to increase the common
stock from $28,700,000 to $40,000,000 and Oct. 31 1906 to $50,000,000
In 1907 $4,806,580 was subscribed for by stockholders at 90;
$2,249,720
additional was sold to Jan. 1910.
V. 83, p. 687, 1290; V. 84, p. 1247.
DIVIDENDS.—1’97. ’98. ’99. ’00. ’01. ’02 to ’07. ’08. 1909.
1910.
Common
0
0
3 3H 4 yearly. 10
4
%\ 0
Preferred
%J2H
5
5
5
5
5 yearly.
5
5 To July, 3 %
BONDS.—The sinking fund provision of the Cleveland Columbus Cincin¬
nati A Indianapolis consol, bonds (stamped) has been canceled.
The prin¬
cipal of these bonds Is payable In gold, but the Interest is payable at option




May 1 1910 3 7
Jan

1 1928

May 1 1953
Apr 1 1953

do
do
Co N Y
Co
N Y
&

do
do
Central Trust
J

P

Morgan

nd Cincinnati C hlcaeo & St Louis
2 Wall Street New York
Oct 1 1933
June 1 1936
do
do
Jan 1 1930
do
do

of

holder, either In lawful money at 7% per annum or in British sterling at
Of the Indianapolis A St. Louis 1st 7s, series “A” are J. & J.; series
“B,” M. & S.; series “C.” M. & N.
St. Louis Division bonds, see deed of trust, V. 52, p. 42-45.
The 100-1tear mortgage of 1893 is limited to $50,000,000.
In Apr. 1910
$22,115,000 gen. 4s were reserved for prior liens (exclusive of Cairo division.
Peoria Division, Michigan Division and the St. Louis Division west of Terre
Haute), and $2,748,000 for equipment, construction and betterments, &c..
$1,000,000 yearly.
See V. 78. p. 1446; V. 79, p. 733; V. 83. p. 379; V. 87
6%.

V. 90,
p. 626,
&.y..
1010;
1044.
Guarantees Union
Chic. Indian.
& St.bonds.
L. ShortV.Line
Cent.
Indiana
Ry.
and Springfield
Depot Co.
77,

510, 517, 769, 1363, 2280; VT 78, p. 1906. 1961; V. 79. p. 2589.
The stockholders Nov. 17 1909 authorized $20,000,000 bonds, of which
$10,000,000 sold May 1910, payable in francs, to provide for $5,000,000
notes due June 1 1911 and floating debt.
V. 89, p. 720, 778, 1141; V. 90.
p. 1238, 1296, 1424, 1554.
Jointly with four other roads covenants to pay New York Central Lines
$30,000,000 equipment trusts of 1907 and 1910, the company’s share of
equipment leased being $3,700,347 and $2,300,000, respectively.
V. 85,
p. 1401; V. 86. p. 168; V. 88. p. 761; V. 90. p. 1677.
GENERAL FINANCES.—Guarantees Interest on Louisville & Jefferson¬
ville Bridge bonds Jointly with the Ches. & O.
V. 68, p. 822.
Capital
stock per mile of road owned Dec. 31 1909, $33,260; bonded debt, $36,134.
On Mch. 1 divs. on the com. stock were resumed and initial dlv. of 3% was
paid on Cincinnati Northern stock. V. 90, p 108.
In May $10,000,000
(50,000,000 francs) 4% debs, were soid to retire the $5,000,000 notes due
June 1 1911 and for improvements.
V. 90, p. 1296, 1424, 1554, 1613.
EARNINGS.—5 mos.,/1910
.Gross, $11,782,675; net, $2,751,757
Jan. 1 to May 31.
11909
Gross, 10,335,098; net, 2,457,058
REPORT.—Report for year ending Dec. 31 1909 in V. 90, p. 691, 712.
Year ending Dec. 31—
1909.
1908.
Inc. or Dec.
Railroad revenues
.$27,657,741 $24,242,617 +$3,415,124
Operating income (after taxes)
7,011,380
5,062,684
+1,948,696
Other Income
623,233
554,026
+69,207
p.

Gross corporate income.
Rentals of leased lines
Interest on bonds, &c
Hire of equipment, incl. interest
Other rents
Prop, loss oper. Cent. Ind. Ry

Dividends
Dividends

on
on

$7,634,613
$120,000
3,391,700
652,784
641,117
52,641

$5,616,710
$120,000
3,321,923
894,055
571,952

500,000

500,000

preferred, 5%
2%

941,126

common,

+$2,017,903
+$69,777

—241,271

+69,165
+52,641

+941,126

$1,335,246

$208,779 +$1,126,467
OFFICERS.—Pres., W. C. Brown, New York; Vice-Presidents, E. V. W.
Rosslter, John Carstensen, C. E. Schaff, A. H. Harris and C. F. Daly; Sec.,
Dwight W. Pardee, New York; Treas., Chas. F. Cox, New York; Auditor,
P. A. Hewitt, Cincinnati, Ohio.
Directors.—William K. Vanderbilt, Fred’k W. Vanderbilt, Ohauncey M.
Depew, J. Pierpont Morgan, William C. Brown, Geo. F. Baker, Wm. K.
Vanderbilt Jr., Wm. Rockefeller, Wm. H. Newman, James Stillman,
Walter P. Bliss, of New York.—(V. 90, p. 108, 372, 447, 626, 691, 712,
1044, 1238, 1296, 1424, 1554, 1613.)
CLEVELAND LORAIN & WHEELING RY.—(See Map B. A O.)— Owns
from Lorain, O., to Bridgeport, O., opposite Wheeling, W. Va., 158 m.; Les¬
ter to Cleveland, 28 m., and branch to Bellalre, O., 6 m.; operates St.
Clalrsville & Northern, 3.33 m.; total, 195 m.; and has trackage into Wheel¬
ing
V. 80, p. 1174
HISTORY.—Operated by the Balt. & Ohio, which owns all of the stock.
See that company and V. 72, p. 480; V. 73, p. 236; V. 86, p. 602.
STOCK.—Common, $8,000,000, and pref., non-cum., 5%, $5,000,000
par $100.
After 5% on each, both stocks share alike.
V. 60, p. 1058.
DIVIDENDS.—On pref., 1896, 3%; Dec. 1904, 2H%: 1905 to April
1908, 5%; no further divs. to be declared.
Dlv. on com., 2)$%, Mch. 2
1908.
BONDS.—Of the $10,000,000

$6,000,000

are

consol, refunding gold 4V$s, the remaining
V. 70, p. 230, 480.

reserved to retire old 5s.

REPORT.—Report for year ending June 30 1908 was In V. 87, p. 1416.
$3,796,182; net, $1,216,152; other income, $4,038; chges..
&c., $506,168; balance, $714,022.
Earnings now Included with those of
Balt. & Ohio.—(V. 87, p. 1416.).

In 1908-09, gross,

CLEVELAND & MAHONING VALLEY RY.—Owns from Cleveland. O..
Sharon, Pa., 81 miles (57 double track); Niles, O., to New Lisbon, O.,
and branches, 44 m.
Leased to Nypano RR. (formerly N. Y. Penn. &
Ohio) till 1962; rental $525,Q67 per annum.
Coupon interest Is J. & J.,
registered Interest, Q.-J.
Stock Is $3,259,200, of which $3,258,250 is held
by “Atlantic First Leased Lines Rental Trust Co., Limited,” of London.
Dividends In 1897, 13^%; 1898 to 1904, both inclusive, 13yearly; In
1905, 11-42%; in 1906 to J909, 11.40%.—(V. 63, p. 968.)
CLEVELAND & MARIETTA RY.—Owns from Marietta, O.. to Canal
Dover, 103 miles, and branch, 7 miles, Zoar, O.. to Canal Dover, leased.
Stock, $2,000,000, of which the Pennsylvania Co. Dec. 31 1909 owned
$1,791,900 (par $100); surplus earnings over charges go to C. & M.
Divs.
paid in 1906 (3%), $60,000; in 1907, 4%; In 1908, 5%; In 1909, 6%.
BONDS
Guarantor! prin. and Int. by Penn. Co ; sinking fund 1%.
EARNINGS.—In 1909, gross. $1,045,364; net, $394,203; int. on bonds,
$56,250; Improvements, $188,556; other charges, $8,583; divs. (6%), $120,000; bal., sur., $20,813.
In 1908, gross, $937,983.—(V. 88, p. 52.)
CLEVELAND & PITTSBURGH RR.— (See Mav Pennsylvania Railroad.)
—Cleveland, O., to Rochester, Pa., 124 miles; branches—Bayard, O., to
Roswell, O., 39 m.; Yellow Creek to Bellalre, 43 m.; trackage, Rochester to
PItt8b. (P. Ft.W. & Chic.), 26 m.; other trackage, 23 m.; total, 255 miles
LEASE.—Leased for 999 years Dec. 1 1871 to Penn. RR. Co., and lease
transferred to Pennsylvania Co.
Rental, dividends on stock, Interest
to

—

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

Miles
Road

first page]

Date
Bonds

125
Cleve 6k M V—Cons m (now first) $3,000,000 g_Ce.c6br
1888
Cleve 6k Mai—First mtge s f not drawn gold guar F.c*
103 1895
Cleve 6k Pittsburgh—Stock 7 % guar by Penn RR Co
Special betterment stock $10,738,135 guar 4%
Gen M $10,000,000 gold_.Fl Series A 8c B._
c* 205 H 1892
Guaranteed prin and Int ^ Series C 8b D
c* 205 H •98-00
(end) Penn RR
J Series B Int reduced
205 H 1892
..

Par
Value

_

_

Amount

Rate

When

Outstanding

%

Payable

$2,936,000
1,250,000
11,247,700
9.387.550
4,561,000
4,584,000
439,000

$1,000 8bc
1,000
50
50

1,000
1,000
1,000

Cleveland Terminal 6k Valley—See Baltimore 8s Ohio.
184 1903
Coal 6k Coke—First mortgage $5,000.000 gold
1.000
Coal 6k Iron—See Western Maryland
Coal River Ry—See Chesapeake 8b Ohio
Colebrookdale—1st M $593,400 und Read M of 1897.c
13
1868
100 8bc
Colo Midland—1st M $10,000,000 (V. 71, p. 139)_Cec*
261
1897
1,000
Colorado & Southern—Common stock $3f,000,000
100
First preferred 4 % non-cumulatlve $8,500,000
100
Second preferred 4 % non-cumulatlve $8 500,000
1882
100
First mortgage gold $20,003,000
-.Tac* 1,041 1899
1,000
Ref M $100,000,000 g red 101
1005
100 8bc
Ce xc*r* Text
1907
Equip bonds ser A due s-a red 101 (V 84 p 507)-_G
1,000
Colorado Southern New Orleans 6k Pacific—See St. Lo uls~6b" San Fr anclsco
Colo Sp 6k Crip Cr D R>—1st M $2,000,000 g s f..Ce
75
1900
1,000
First consol mortgage $3,600,000 gold
1902
G.c&r
1,000
Colorado Texas 6k Mexico—First mtge $75,000,000__
1908
1,000
Col urn Newb 8c Laurens—1st M $12,000 perm
75
1887
SBa
1,000
Columbia Southern—First mtge gold $2,100,000
70
1898
N
1,000
Columbia 8k Greenville—See Southern Ry
Columbus 8k Toledo—See Hocking Valley Ry
Columbus 8k Xenia—Stock 8 % rental
55
50
Combination Bridge (Sioux City la)—First mortgage
1895
500 8cc
Concord 8k Claremont (N H)—First mortgage.
71
1894
c
1,000
Concord 8k Montreal—Stock Class I (B C 8b M pref)
100
Stock Class II (B C 8b M new)
100
Stock Class III (B C 8b M old stock)
100
Stock Class IV (Concord) (text)
100
_

3,000,000

1,671,000
1,379,000
(?)
899,000

—

700,000

—

«•

......

“B." A&O.

y“C,” M8bN;

"D.”

bonds and organization expenses.
"Special guaranteed betterment
stock" (subordinate to the original stock as to dividends only), with dlvl.
dends of 4% guaranteed by the Penn. RR., Is Issuable for Improvements,
V. 79. p. 2205, 2642; V. 83. p. 625; V. 85, p. 1082; V. 87, p. 812.
BONDS.—Generals are all equally secured; guaranty.
V. 56, p. 604.

EARNINGS.—In 1909. gross earnings, $11,104,914; net, $4,526,2771
profit to lessee, $2,517,333.—(V. 87, p. 812; V. 89. p. 992.)
i
CLEVELAND SHORT LINE R Y.—To be a belt line connecting eight rail¬
roads by tracks remote from the heart of Cleveland, O., starting at Lorain,
about 20 miles northwest of the city." Stock, $3,750,000; all owned by
Lake Shore 6b Mich. So.; par, $100.
V. 86, p. 167. Pres., W. C. Brown;
V.-P., D. C. Moon.—(V. 88. p. 563.)
CLEVELAND TERMINAL 6k VALLEY RR.— (See Map Baltimore A
Ohio.)—Owns from Cleveland. O., to Valley Junction. 75 miles; branches,
11 miles: yard track and sidings, 89 miles.
STOCK.—Of the $4,615,300 common (par $50) B. 8s O. owns $4,594,300
and of the $2,060,750 preferred. $1,826,700; par, $100.
BONDS.—The 1st M. bonds are guar., p. 8s 1., by B. 8b O., endorsed.
Due B. 8s O. on general account June 30 1909, $1,176,056.
REPORT for year ending June 30 1908 was in V. 87, p. 1297.
In 1908-09
gross, $1,056,488; net, $280,435; other income, $31,702; int.. 8sc., $245,237;
bal., sur., $66,900.—(V. 85, p. 1395; V. 87, p. 1297; V. 89, p. 1223.)
COAL & COKE RY.—Owns from Lelter, W. Va., to Charleston. W. Va.,
166 miles; trackage. Lelter to Elkins. 7.6 m.; Morris Creek branch, 3 m.;
Mable to Belllngton, 17.7 m.; branch from Middle Fork to Casslty Fork, 12 m.,
total, June 30 1909, 207 miles.
Branch, Gassaway to Sutton, 7 m., com¬
pleted Jan. 1910. About 100,000 acres of coal lands are owned.
Stock, com., $10,000,000, all outstanding; 5% pref.. $10,000,000 author¬
ized Oct. 1907, of which $8,881,800 Issued to purchase $6,300,000 bonds
and settlement of other debts; bonds reduced to $5,000,000, of which $2,000,000 In treasury.
V. 85, p. 1005.
Mortgage covers road and coal lands.
V. 78. p. 47.
Car trusts June 30 1909, $461,173, due $55,000 yearly; loans
and bills payable. $1,214,217.
EARNINGS.—11 mos., /1909-10
Gross, $679,983; net, $164,044
July 1 to May 31.
Gross,
11908-09_
578,274; net,
142,042
In 1908-09,gross,$635,174 (excluding hire of equipment, $67,432); net,
$155,082: net income coal dept., $84,235; total net. $239,317; int. on bonds,
$177,761; other int. and taxes, $128,643; bal., def., $67,087. Last report

(1907-08), V. 83, p. 1409. Pres., H. G. Davis. Elkins, W. Va.; Sec.,
O. M. Hendley, Washington, D. C.—(V. 88, p. 1499; V. 90, p. 1613.)
COLEBROOKDALE RR.—Potts town to Barto, Pa., 12.84 miles. Leased
to Phlla. & Reading Ry.
Common stock. $297,215; par, $50.

COLORADO MIDLAND RY.—Owns from Colorado Springs to New
Castle, Col., through Busk-Ivanhoe tunnel, 222.92 miles; branches, Basalt
to Aspen, 19.37 m.; Cardiff to Spring Gulch, 15.01 m.; Arkansas Jet. to
Leadvllle, 4.80 m.; total owned, 261.10 miles. Leases Rio Grande Jet. Ry.,
Rifle Creek to end R. G. J. Ry., 62.08 m.; trackage to Rifle Creek, 6bc., 14.46
m.; total operated, 337.64 miles.
ORGANIZATION.—Successor Oct. 1897 to the Colorado Midland Rail¬
road. foreclosed and reorganized per plan in V. 64, p. 1224, 1226.
In May
1900 a majority of the stock. If not the entire Issue, was
purchased by a
syndicate in the Joint Interest of the Colorado 6b Southern and Denver &
Rio Grande.
V. 70. p. 686, 791. 997, 1290; V. 71. p. 28; V. 73, p. 1111.
Pref., $6 000,000; common, $4,060,000.
EARNINGS.—10 mos., (1909-10
Gross, $1,968,642; net, $265,667
July 1 to April 30.
(1908-09
Gross, 1,929,649; net, 343,160
Deficit after charges, $126,741, against surplus of $15,400 in 1908-09.
Year—

Gross.

Net.

$2,312,590
2,200,756

$383,389

Misc. Inc.

$59,054

Charges.
$489,529
469,612

Balance.

def.$47,086

434,014
57,916
sur. 22,318
580,591
49,691
443.294
sur.186.988
D. Parker: Vice-Pres., Chas. H. Schlacks;
Treas., Henry L. Hobbs; Sec., L. B. Johnson, Denver; Asst. Sec., L. E.
Katzenbach, N. Y.; Asst. Treas., H. B. Henson, N. Y.
Directors—George B. Harris, A. D. Parker, Darius Miller, W. P. Clough,
Edwin Hawley, George J. Gould, Edwin Gould, Winslow S. Pierce, E. T.
Jeffery and Chas. H. Schlacks.—(V. 89. p. 778; V. 90. p.447.)
COLORADO & SOUTHERN RY.—(See Map.)—Operates a system from
Orin Jet., Wyoming, through Colorado to Fort Worth, Tex., and by ex¬
tensions built to 1906-07 reaches tidewater at Galveston, Tex., and also
Houston. Dallas and other points, viz.: (‘which see).
Lines Ovoned—
~
Miles.
Controlled—
Miles.
Cheyenne to Orln Junction
154 Denver & Interurban RR
27
Denver to Southern Jet., Colo..129 Colorado RR.
(V.87.P.677)
42
Denver to Leadv. (nar. gauge)..152 Walsenburg & Western
1
Como to Baldwin Mine
(do )..132 Fort Worth 8b Denver City
.*454
Walsenburg Jet., Col., to Texas
Col. Spr. 8b Crip. Cr. District
‘74
State Line
176 Wichita Valley Ry
*52
Oth.lines.br.,&c.(l06 nar. gauge)298 Wichita Falls 8b Oklahoma
23
Trackage—Pueblo to Walsenb’g
Wichita Valley RR
61
(Denver 8b Rio Grande)
58 Abilene 8b Northern
39
Cheyenne to Denver (Un. Pac.)__107 Stamford 8b N. W. Ry
82
2,454.610

OFFICERS.—Pres., A.

Total

1.208
Total March 31 1910
2,061
Also owns beneficial half Interest In Colorado Midland,
operating 338 m.,
and In Trinity 8s Brazos Valley Ry.
See those companies. The Stamford
« Northwestern Ry.,
Stamford, Tex., northwesterly 82)4 m., was com¬
pleted Oct. 1909. V. 89, p. 1281. In June 1910 construction was begun
on
JLnew
low-grade line with the Denver 8b Rio Grande from Pueblo
p. 626.
67. p.
Gunnison,
lulred $23,657,500 com.




*

Places Where Interest and
Dividends are Payable

1 1938
Winslow. Lan 6b
May 1 1935
Farmers L 6b Tr
June
1
1910 1H Winslow, Lan 6b
Q—M
June
1
1910
Q—M
do
1%
4H g
Jan-Oct 1942
x
do
1948-1950
3* g
y
do
8 H g A
&
O Oct 1 1942
do
g M

&

N

5 g

A

&

5
5
5
3
5

g
g
g
g

J

6b
D
6b
J
text
O
6b
6b
O
6b
A
6b N
6b
O
6b
6b
6b
6b

A
J
J
J

O Apr 1 1919

6b

J
O
J
J
D

Elkins W Va

or

Co N Y
Co N Y
Co N Y
do
do
do

do

Balt

June 1 1898
Reading Terminal. Phlla
26 Liberty St.. N Y
July 1 1947
Deo 31 1909 2% Offloe. 26 Liberty, N Y
do
Apr 1 1810 2%
do
do
Apr 1 1910 2%
do
Feb 1 1929
do
*
do
May 1 1935
do
do
Oct ’10-Apr ’17 Guaranty Trust Co N Y
Jan
Oct

1 1930
1 1942
1 1958

Chem Bk N Y; 6b Col Sp
Gu Tr N Y; 6b Col Sp

July 1 1937

Safe Dep 6b Tr Co, Balt
New York Trust Co N Y

Jan

New York

Dec 1 1948

101910 2% Treasurer. Columbus O
1 1915
Hanover Nat Bank N Y
1 1914
First Nat Bank Boston
1 1910 1 H Checks mailed
1 1910 \M
do
1 1910 lk
do
1 1910 1H
do

F8bA

on

1908-09
1907-08
1906-07

Maturity

7
4

£3

_

...

iSeries "A," J8bJ;

and

1,786,200 See text
Q—M June
5
J
6b
500,000
J July
J
6b
500,000
J Jan
4H
7
800,000
July
7
540,400
July
7
459.600
O—J
July
7
6,057,600
o—j
July

_

—

_ _

Last Dividend

See text Jan

5 g

4X

6
J
600.000
4 g
J
6.946,000
31,000,000 See text See
8,500,000 4 In 1909 A
8,500,000 4 In 1909 A
4 g
F
19.402.000
27.882,003
4H g M
5
A
720.000

_

—

41

"

.

Hawley and

asso-

Owns a large majority of the com. stock of Fort Worth 8b Denver
City
Ry., which see. Owns a beneficial Interest In one-half stock of Colorado
Midland.
V. 70, p. 739.
The voting trust terminated April 1 1905. Con¬
trols Denver 8b Interurban (Electric) Ry., which owns 21 miles, operated
since July 1 1908, and operates 31 miles of Col. & Sou., which has been elec¬
trified under lease.
V. 87, p. 950; V. 89, p. 934.
DIVIDENDS—% ’00. ’01. ’02. ’03. '04. ’05. ’06. *07. ’08. *09. 1910.
First preferred
23H3H4
2
0
4
4
4
4
Apr., 2
Second preferred
4
4
4
Apr., 2
..

__

..

Common
2
2
On common, 2% Dec. 15 1908; Dec. 31 1909, 2%.
BONDS.—1st M., see V. 68, p. 1027; V. 77, p. 2158: V. 87, p. 414, 116Q.
V. 91, p. 214.
The $100,000,000 refunding bonds of 1905 were made Issuable as follows:
For refunding bonds and equipment obligations of system
$36,850,000
For betterments and improvements, including equipment, at the
cumulative yearly rate, beginning Jan. 1 1905, of $500 per
mile of operated and controlled lines
15.000,000
For reimbursement of the treasury of the company, 8bc
2,500,000
For acquisition of additional property (Including proper provi¬
sion for the cost of double-tracking parts of the main lines).. 45,650,000
Enu»oment bonds of 1907 mature $51,000 s-a to April 1 1914: thereafter,
$52,000; V. 84, p. 507.
Pullman Co. car trusts May 31 1910, $172,000.
The refunding bonds are secured by a first lien on all the binds and praotlcally all the stock of the cos. owning about 622 miles of road. Including the
Wichita Valley lines and the Trinity 8b Brazos Valley Ry.; also, by direct
lien, subject to the first mortgage, on about 1,041 miles of road owned by
the Colorado 8b Southern and on practically all the stock of subsidiary cos.
owning 555 miles of road, making 1,588 additional miles on which there are
outstanding $30,663,000 underlying bonds; total thus covered, 2,218 miles,
on which the total outstanding funded debt.
Including these bonds and all
prior liens, averaged about $25,000 per mile.
__

__

__

__

__

__

EARNINGS.—Including Ft. Worth 8b Den. City and all affiliated lines:

11 Mos. end. May 31.
1909-10
1908-09

Net.
Cross.
Chgs.(net). Bal., surp.
$15,424,743 $5,497,969 $2,650,337 $2,847,636
13,941,145
4,541,624
2,472,075
2,069,542
REPORT.—Report for 1908-09 at length, showing operations of system
Including the Ft. Worth 8b Denver City and Col. Spr. 8b Crip.Cr. DIst. Ry.,
Denver 8b Interurban RR., Colorado RR., Ft. W. 8s Denv. Term.
Ry. ana
Wichita Valley lines, w»*» in V. 89, p. 912, 933, 990.
1908-09.
1907-08.
1,980
1,932
:.$15,080,412 $14,283,133
10,225,687
9,542,809
4,453,683
4,338,688

Average miles..
Total operating revenues
Operating expenses
Operating Income (over taxes)
Total net Income
Interest on bonds, equipment obligations, 8bc
Dividend on first preferred stock (4%)...
Dividend on second preferred stock (4%)
Dividend on common stock (2%)

Balance, surplus for year

$4,920,385
2,721,526
340,000
340,000
620,000
$898,859

$4,634,962
2,463,058
340,000
340,000
-

$1,491,903

OFFICERS.—Chairman, George B. Harris; Pres., Darius Miller; V.-P.

A. D. Parker, Denver, Col.; Sec. and Treas., B. F. James, Denver,Col.
Asst. Sec. and Asst. Treas., L. E. Katzenbach, 26 Liberty St., N. Y. New

directors. 1909, V. 88, p. 563; V. 89. p. 1347.—(V. 90, p. 372; V. 91, p. 214.)
COLORADO SPRINGS & CRIPPLE CREEK DISTRICT RY.—Colorado
Springs to Cripple Creek, Col., 46 m.; branch, Cameron to Victor. 5 m:*
other branches and spurs, 24 m.; total, 75 m.. of which 59 m. steam. 14 m.
steam and electric and 2 m. purely electric.
In Jan. 1905 Colorado 8b
Southern acquired all the stock exoept $900 oom.
V. 80. p. 472,1111.1423.
all
Stock,
outstanding, com., $1,200,000; pref., 5%, non-cum., $800,000.
Par of shares. $100 each.
Dividend 5% on preferred, paid Feb. 1907.
and June 1908.
On com., 2% Sept. 1908.
Sink, fund can retire first
mtge. bonds yearly at 110 for first 15 vears. then at 107 H for 5 yrs., then 105
for next 5 yrs., 102)4 for three years, thereafter at par.
V. 76, p. 345.
EARNINGS.—10 mos., (1909-10
Gross, $594,834; net, $191,215
July 1 to April 30.
(1908-09
Gross, 640,764; net, 231,474
Pres., Frank Trumbull.—(V. 81, p. 725; V. 87, p. 740; V. 88, p. 822 J
COLUMBIA NEWBERRY & LAURENS RR.—Columbia to Laurens.
S. G., 75 m.
Stock, $500,000.
Bonds were 6s, but re-lssued as 3s in 1900,
tnoome certificates to amount of 40% of bonds being issued.
•EARNINGS.—9 mos., (1909-10
Gross, $222,060; net, $56,174
July 1 to March 31.
(1908-09
Gross,1 221,920; net, 959,318
Year ending June 30 1909, gross, $279,231; net, $53,860.
In 1907-08,
gross, $282,581; net, $58,925; charges, $56,132; bal., sur., $2,793.
Pres.,
W. G. Childs, Columbia, S. C.

COLUMBUS & SOUTHERN RY.—Wyandotte, O., at

the

Penn.

$2,000,000.
year

ending

a connection with
to South Bloomlngvllle, 34 miles.
Stock authorized,
Owned March 1908 by Geo. E. Wilber, Boston, Mass.
For
June 30 1909, gross. $12,483: net, $313.—(V. 83, p. 1290.)

RR.

..COLUMBUS & XENIA RR.—Owns
55 miles.

from Columbus, O., to Xenia, O.,
Operated as a division of the Little Miami, and Is leased for 99
from Dec. 1869, in connection with that road, to the Pittsburgh Cin¬
cinnati Chicago 8b St. Louis, which
pays 8% on stock.
The lease is guar¬
anteed by Pennsylvania RR. Co.
Dividends 2-5% per annum, from assets,
were discontinued in 1901.—(V. 72,
p. 532.)
years

.

COMBINATION BRIDGE (SIOUX CITY.

IAJ.—Owns steel bridge 1,940

feet long over Missouri River, with approaches, 1 mile, used by railroads
and street cars as a highway.
Stock. $1,500,000. Mtge. trustee. Union
Trust Co., Indianapolis, Ind.
Pres.; Jos. O. Head, Latrobe, Pa.; Sec., F.
L. Eaton. Sioux City, la.—(V. 78. p. 102, 286.)
\
„

CONCORD & MONTREAL RR.—From Nashua. N. H.. via Concord.
Plymouth, 8bc., to Groveton and the White Mountains, 450 miles in all.
Including Manchester 8b Keene, 30 m.; owned Jointly, 414 m.; 35 m. double

42

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Concord & Mont—(Concl.)—B. C. A M Imp M
c
Concom
& M»jntreal
cons
M for
c.BB._
000
,005
,5
$
Debenture bonds $1,150 ,000 currency
c*
do
do
$500,000 Interest guaranteedConcord & Portsmouth—Stock 7 % rental 99 yrs
Conn & Passumpsic—Pref stock 6 % rental 99 yrs-.c*
First mortgage $1,900,000 gold...
c*
Massawlppl stock guar same dlv as Conn A Passump
Newport & Rlchford 1st M guar by C & P
c*
Connecticut River—Stock $3,670,300 authorized)
Bonds not mortgage for $1,000,000 gold
c
Bonds not mortgage
do
do
V Val 1st M with $500,000 S Co RR stock as coll- .c*
Conn (Phila)—Phlla Q & Ch H 1st M guar by Penn_.r
Conn Ry 3 H % gold mortgage $5,000,000
Cooperstown & Susq Vail—1st M $200,000 lnt guar.-

Miles
Road

166
262

Date
Bonds

1881
1890
97-99
1900

40 M

1893

_

r_

_

_

_

_

24
7
37

19*2
Text

Payable

100
100

1,000
1,000
1,000
1,000
1.000
1,000
100 Ac
500 Ac

1909
50

26
26

Cornwall & Lebanon—Stock
First M extended at 4 % In 1906 (V 82 p 1322)_-._r

1891

Cripple Creek Central—Common stock

....

Preferred stock 4 % non-cumulatlve
41
Midland Term first mtge gold sinking fund
F.c*
43
Cuba Eastern—First mortgage $1,000,000 gold-K.c*
Debentures
53
Northeastern Cuba 1st M $1,000,000 g gu pA 1
Cuba Eastern Terminals first mortgage guaranteed-.
Eastern RR of Cuba first and refunding mtge gold_.
Securtties to be Issued by New Co. (<Guantanamo A Wester
Common stock $2,750,000 auth
1st pf stock (also as to ass) 7% non-cum $2,750,000.
2d pf stock (also as to ass) 5% non-cum $250,000..
1st mortgage $600,000 gold

....

Ac

100

100
100

1895
1903

1,000

1905
1905
1907

1,000
1,000

1,000

«•-•••••

Cuba RR—Common stock $10,000,000
Preferred stock 6% non-cumulatlve $10,000,000..
First mtire gold 520,000 pf»r mile
G xc*Ar*
Cumberland Corporation—Coll trust gold notes

—

—

-

566
---

n

RR.)

2,859,000

6 g

Mch 1 1957

6 g

20 years

under P lan—

Places Where Interest and
Dividends are Payable

Beacon Trust Co Boston
Safe Dep A Tr Co Boston
Boston S D A Tr Boston
do
do
Manchester N H
Safe Dep A Tr Co Boston
do
do
do
do
do
do
Boston, Mass
do
do
do

Safe Dep A Tr Co Boston
Broad St Station Phlla
do
do
Nat Bk

Cooperst’n N Y

Boston, Mass
Co’s Office, Lebanon Pa
do
do
Checks mailed
do
Farmers L A Tr Co N Y
In default
do
do

do

do
do
do

2,613,500
2,613,500
110,500
1909
....

1902
1906

600,000
100
100

6,126,000

10,000,000 See text See text Aug 1*10,2%
5 g
J
A
J July 1 1952
11,310,000
J A Dir June 1 1912
5g

1,000 Ac

track.
Owns Concord Street Ry., 11 m.; also electric branch from Concord
to Manchester, N. H., 17 miles, and Nashua & Acton RR., 20 miles.
On June 29 1895 leased to Boston A Maine for 91 years at rental of 7%
On Jan. 5 1910 $250,000 stock was sold to develop
per annum on all stock.
water power. V. 89, p. 992; V. 90, p. 54.—(V. 90, p. 54.)

CONCORD & PORTSMOUTH RR.—Owns Portsmouth, N. H.. to Man¬
chester, N. H., 40H m.
Leased to Concord RR. In 1862 for 99 years; rental,
$25,000; 7% on stock and org. exp.
Operated by Boston & Maine.
CONNECTICUT & PASSUMPSIC RIVERS RR.—White River Jet., Vt..
to Canada Line,, 110 m.; leases 999 years Massawlppl Valley, 37 miles.
LEASE.—From Jan. 1 1887, leased to the Boston A Lowell for 99 years
on a basis to pay C. & P. stock 5% till Jan. 1897 and 6% thereafter.
SECURITIES.—Massawlppl stock receives same dividends as stock of
lessee and $400,000 of It (not Included In the amount outstanding) Is pledged
as Dart security for 4s of 1893.
Of the 52.500,000 pref., $500,000, as also
$50,000 Massawlppl Valley Ry. stock, which were deposited under trust
certificates, were purchased Feb. 1 1910 by the Vermont Valley, under Its
option, at par.—(V. 57, p. 1040.)
CONNECTICUT RIVER RR.—Owns from Springfield, Mass., to Keene,
N. H., 74 m.; Bellows Falls to Brattleboro, Vt., 24 m.; branches, 6 m.; total,
104 m., of which 50 double-tracked.
Controls Sullivan Co. RR., Bellows
Falls to Windsor. Vt., 26 miles.
V. 80, p. 1478; V. 81. p. 899. 1723.
LEASE.—Leased for 99 years from Jan. 1 1893 to the Boston & Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders; also Interest on bonds and scrip and
$2,000 for organization expenses.
Lessee pays all taxes, operating ex¬
penses, &c., but lessor to Issue Its stock or bonds for permanent Improve¬
ments.—(V. 81. p. 899, 974. 1723; V. 83. p. 625; V. 87, p. 414.)
CONNECTING RY. (PHILADELPHIA).—Owns from Girard Ave. to
Frankfort Jet., Phlla., 6 m.; North Phlla. to Chestnut Hill, 7 m.; branches,
&c., 23 m.; total, 36 m.
V. 73, p. 390.
Stock authorized, $5,800,000; out¬
standing, $3,613,650; all owned by Pennsylvania RR., which operates
road under lease, assigned to that co. by Phlla. A Trenton RR., terminating
Feb. 18 2862.
Dividends 4% yearly (J. & D.).—V. 75, p. 1354.)
COOPERSTOWN & CHARLOTTE VALLEY RR.—(See Map Del. A
Hud.).—Owns Charlotte Crossing to Davenport Centre, 4.51 m.; leases for
99 years from Jan. 1 1889, Cooperstown & Susq. Valley RR., Cooperstown
to Charlotte Crossing, with branch to Cooperstown Jet., 19.48 m., guaran¬
teeing interest on latter’s $200,000 5% bonds. Stock, $45,000, acquired
July 1903 by Del. A Hud.—(V. 77. p. 88.)
COPPER RANGE RR.—Calumet, Mich., to Mass City, with branches;
total, 82 m.; sidetracks, 33 m.
Stock, $4,244,300, of which $1,639,200
owned by Copper Range Consolidated (Mining) Co.
Bonds limited to
$20,000 per mile of main line and branches and $15,000 per mile of sidings.
Of the $2,280,000 bonds outstanding, 5870,000 were In Jan. 1910 held in
the treasury of the Copper Range Consolidated Co.
V. 78, p. 228.
Divi¬
dend, 10%, paid Nov. 1909 from accumulated surplus.
EARNINGS.—10 mos., J1909-10
Gross, $615,500; net,
265,973
July 1 to Apr. 30.
\1908-09___
Gross,
625,160; net,
159,898
Year ending June 30 1909, gross, $766,020; net, $224,007.
In 1907-08,
ross, $807,322; net, $204,042; lnt., $149,850; bal., sur., $54,192.
Pres.,
11am A. Paine; Sec. and Treas., Fred. Stanwood, Boston.—(V. 78,p.228)
COPPER RIVER & NORTHWESTERN RR.—Projected from Cordova,
Alaska, on tidewater, through the Copper River Valley to Copperflelds near
the Chltlna River and the Behring Lake Coal fields, &c.
Of this. 04 miles
of track had been opened in June 1910 and a total of 200 miles was ex-

Eected
Dec. Smelting
1910. Understood
controlled
be In &operation
byAmer.
y J. P.toMorgan
Co. and the
& Refining to
Co.beInterests.
Stock

authorized, $5,000,000; par of shares, $100. In Aug. 1909 filed a
mtge. to secure an Issue of $50,000,000 5% 50-year bonds.
None of the
bonds outstanding in the hands of the public in March 1910.
V. 89, p. 410
Pres.. S. W. Eccles; Vice-Pres., W. P. Hamilton; Treas., E. S. Pegram;
Sec., W. E. Bennett.
Office, 165 B’way.—(V. 90, p. 1490.)
CORNWALL & LEBANON RR.—Owns Lebanon, Pa., to Conewago,
21.66 m.; branches,4.78 m.
In 1901 the Pennsylvania Steel Co. acquired
$540,000 stock; remainder mostly owned by Lackawanna Steel Co.
DIV\1894. ’95. ’96. ’97. '98. *99. *00.’01. ’02 to’06. ’07 ’08. ’09.
1910.
2
4
P-O.J
4
3
44H5
5H
8 y’ly
8
7
8
10
In 1908-09, gross. $329,913;
net. $99,727;
other Income, $25,623;
Charges. $42,517; dlv. (8%). $64,000; bal., sur.. $18.833.—(V. 89, p. 224.)

CORVALLIS & EASTERN RR.—See page 164.
“COTTON BELT.”—Common name for St. Louis Southwestern Ry.
CRIPPLE CREEK CENTRAL RY.—Divide, Col., to Cripple Creek and
Florence, Ac., 76 m.; Victor to Vista Grand, 6 m.; branches and spurs to
mines, Ac., 45 m.; total, 127 m., of which 47 m. standard gauge. Controls
Midland Terminal Rv., Florence & Cripple Creek RR., Golden Circle RR..
Canon City & Cripple Creek RR.. Colorado Trading A Transfer Co.
See
V. 69, p. 851, 1011, 1103; V. 72, p. 984; V. 74, p. 880; V. 77. p. 1542.
Reorganization, per plan In V. 78, p. 2018; V. 77, p. 1542, of the Denver
4b Southwestern, foreclosed Oct. 4 1904.
V. 79, p. 1461.
STOCKS AND BONDS.—Com. stock, $2,500,000; 4% non-cum. pref
stock, $3,000,000; par of shares, $100.
V. 82. p. 1156; V. 85. p. 1209.
DIVIDENDS.—On pref., 3% paid July 20 1905; Oct. 25 1905, 1%
fauar.): Jan. 1906 to Oct. 1907, 4% yearly (1% Q.-J.); 1908, Sept. 1. 3%
for 9 mos. ending June 30 1908; Dec., 1%; 1909, 4% (1% Q.-M.); 1910,
March, 1%; June, 1%.
On com., Oct. 25 1905, 3%; In 1906, 7K%, lncl.
2% extra; 1907, 6% (Q.-J.); none since to July 1910.
REPORT.—Report for year ending June 30 1909 was In V. 89, p. 1409,
showing gross earnings of roads controlled, $730,991; net Income of roads
over charges, $86,018; total net Income of parent co. above all expenses,
$181,709; dlv. on pref. stock (6%), $180,000; total surplus June 30 1909,
lncl. $170,905 surplus of previous years, $172,615.
Pres., Henry M.
Blackmer; V.-P., Lorenzo Semple; Sec. & Treas., John Gorlow.
Office.
Ill Broadway, N. Y.—(V. 87, p. 1532; V. 89, p. 847 1409.)




Last Dividend
and Maturity

6
$500,000
J
A
J Jan 1 1911
4
5,000,000
J
A
D June 1 1920
A
D June 1 1920
1,050 000 3H44 J
473,000
J
A
D June 1 1920
3X
7
J
350,000
A
J July 1910 3^ 7.
6
2.500,000
F
A
A Aug 1 1910 3 9?
4 g
A
1,900,000
A
O Apr 1 1943
6
400.000
F
A
A Aug 1910 3%
5
350,000
J
A
J Jan 1 1911
10
3.233.300
J
A
J July 1 1910 6 91
4 g
M
1.000,000
A
S Sept 1 1943
290,000
J
A
J Jan 1 1921
SH
A
969,000
J
.1 Jan 1 1923
SH
5
800,000
A
A
o Oct 1 1910
M
1,000,000
A
N May 1 1913
1,980,000
3HI g M 15 A S Men 15 1932
5
M
A
200,000
N May 1 1918
5 g
2,280,000
A
A
O Oct 1 1949
5
See text
50 years
800,000 101nl910 Seml-an. July 31 1910 5 91
4
A
764,900
A
o Apr 1 1921
2,500,000 See text Q —J25 Oct 2t 1907 1H
3,000,000 4 In 1909
Quar
June 11910 1
5 g
J
395,000
A
D Dec 1 1925
6 g
M
648,000
A
S Mch 1 1933
221,000
s e
M
A
s Mch 1 1955
1,346,000
6
F
A
A Feb 1 1925
74,000

1,000

....

1893
1901
1903
1880
1883
1902
1888
1899

When

%

1,000

....

1881

Rale

100
100

m

110
37
22
80

Amount

Outstanding

$1,000
1,000
1,000
1,000

.....

—

mortgage goldM(see
gopper
Range—First
text)
opper River
& Northwestern—1st
$50,000,000--S

Par
Value

[Vol. lxxxxi.

Royal Bk of Can, N Y
New York Tr. Co., N. Y.

CRYSTAL CITY & UVALDE RR.—Owns Uvalde, Tex., south to Crystal
City, 41 miles completed Dec. 1909.
Extension from Crystal City to
Oarrlzo Springs operated from April 1 1910.
Incorporated In April 1909.
Stock authorized, $50,000.
In April 1910 applied for permission to issue
bonds at $15,000 per mile.
V. 90, p. 447.
Details of securities not availa¬
ble July 1910. Pres., J. E. Franklin; V.-P. and Gen. Mgr., A. R. Ponder;
Sec., Carl F. Groos. Office, Crystal City, Tex.—(V. 90, p. 447.)
CUBA EASTERN RR.—Owned from port of Bogueron at Granadlllo Bay,
south coast of Cuba, northwest via Guantanamo to forest lands owned by
the Cuba Hardwood Co., 43 miles; leases for 99 years Northeastern Cuba
RR. from San Pre to San Luis, 47 miles, with 6 miles of branches.
Pro¬
jected to Nlpe Bay and Manzanillo.
Sold in foreclosure to reorganization
committee Aug. 1909 under first and refunding 6s of 1907.
V. 89, p. 285,
666.
The Guantanamo & Western RR. was Incorporated as successor in
Oct. 1909.
V. 89. p. 1068.
Bondholders' Committee.—Beni. P. Cheney, Chairman; P. Chauncey
Anderson, 25 Broad St., N. Y., Sec.; New York Trust Co., N. Y., and Old
Colony Tr. Co., Boston, depositaries.
V. 86, p. 420,337, 1409; V. 88,p.294.
PLAN.—The plan of reorganization declared operative early In 1909
(V. 88, p. 294) provides for a merger of the allied companies with new cap¬
italization as shown In the table above and. If desired, a voting trust to
hold the new stock for not to exceed 5 years.
The $600,000 bonds are to
be offered at 85% with a bonus of 25% each in first pref. and common stock,
to provide for floating debt, reorganization expenses, 3 years’ lnt. on the
bonds, improvements, rolling stock and working capital.
The Knicker¬
bocker Trust Co. of N. Y. has underwritten $250,000 bonds on condition
that at least $200,000 additional are disposed of.
The old mtge. bonds are to receive 50% each In 1st pref. and common
stock and the Cuba Eastern debentures 50% in 2d pref. stock.
There will
be left In the treasury about $136,500 of each class of stock.
Pres., Edgar Van Etten.
Office, 66 B’way, N. Y.—(V. 89, p. 1068.)
CUBA RR.—Owns from Santa Clara, Cuba, to Santiago de Cuba, 356
miles; branches, Zaza Jet. to Sanctl Splritus, 8 miles; Alto Cedro to the Bay
of Nlpe, 31 m.; Ponupo branch, 11 m.; Jatlbonlcobranch.5 H m.; Holguin
branch, 11 m.; Bayamo extension, 143.3 m.; total, 565.8 miles.
See V. 75,
p. 1157, 1347.
Further extension of Bayamo Extension, 43 m., to be com¬
pleted by Sept, 1910.
Extension proposed from Santa Clara to Havana,
170 m.
V. 82, p. 1322.
Govt, loan, $347,078 April 30 1910, any balance
not repaid by Govt, transportation service to be paid Dec. 15 1916 without
lnt.
V. 83, p. 1093; V. 88, p. 944.
First dlv. on pref., 1 M%, paid Aug. 2 1909; 1910, Feb., 1 ^%; Aug., 2%.
Bonds, appllc. to list, V. 86, p. 924; V. 88, p. 451; V. 89, p. 162; V. 91.P.38.
EARNINGS.—For 11 months ending May 31:
Gross.
Net.
Charges.
Balance.
1909-10
$2,333,138
$996,715
$398,544
$598,172
1908-09
1,960,461
858,442
364,517
493,925
REPORT for year ending June 30 1909 was In V. 89. p. 664, showing,
gross earnings, $2,157,165; net over taxes, $950,089; Interest on bonds, Ac.,
$399,291; bal., sur., $550,798.
In 1907-08, gross, $2,039,468.
Pres., Sir William C. Van Horne; Sec., Herbert C. Lakln; Treas., Stephen
H. Voorhees.
Office, 83 Montgomery St., Jersey City, N. J.: 170 Broad¬
way, New York—(V. 89, p. 664; V. 90, p. 166, 1675; V. 91, p. 38.)
on

•

CUMBERLAND CORPORATION —ORGANIZATION.—A holding com¬
owning the stock ($10,000,000) of the Cllnchfleld Coal Corporation
(V. 80, p. 2346, 2222, 224), which owns 285,000 acres of coal lands In Vir¬
ginia, stock of the Carolina Cllnchfleld & Ohio Ry. and a block of the Sea¬
board Co. stock (see the two companies last named In thlsSeeiion.)
Stock, common, $25,000,000; 6%
pref., $15,000,000, all paid In.
In
July 1906 sold $15,000 ,000 notes secured by stock of the Carolina Cllnchfleld
& Ohio and Seaboard Co. (see table above).—(V. 88, p. 944.)
CUMBERLAND & PENNSYLVANIA RR.—Owns from Cumberland.
Md., to Piedmont, W. Va.. and several branches, 57 miles.
Owned and op¬
erated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage.
V. 52, p. 390. Stock, $1,500,000; par, $100. On Dec. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies,
assuming the car trusts Issued thereon, viz., $836,000 of Somerset Co. (see
table above) and $45,000 additional, which matured in series to May 1909.
V. 85, p. 1401.
For year ending June 30 1909, gross, $770,689, against
$952,653 In 1907-08; net, $195,906, against $425,015; taxes In 1908-09,
$30,849.—(V. 85. p. 1401.)
CUMBERLAND VALLEY RR.—See Pennsylvania RR.
DALLAS CLEBURNE & SOUTHWESTERN RY.—Owned Egan, on Mo.
Kan. & Tex. RR., to Cleburne, 10 m.
In Feb. 1910 the Mo. Kansas A
Texas acquired all the securities.
V. 90, p. 502.
DAYTON LEBANON & CINCINNATI RR.&TERMINALCO.—Seep.164.
DAYTON & MICHIGAN RR.—Owns Dayton, O., to Toledo June., O.,
141.82 m.; trackage Into Toledo, 0.92 m.
Leased May 1 1863 In perpetuity,
to Cln. Ham. & Dayton.
Lease modified June 23 1870. Rental Is mainte¬
nance of organization, lnt. on bonds and 8% on pref. stock and 3H% on
com.
Guaranty on pref. Is secured by mtge. of 1871, but the pref. carries
no voting power.
V. 56, p. 813. Mtge of 1856 Is held alive under mtge. of
1881, O. H. A D. reserved notes of 1908 to retire bonds.—(V. 88, p. 563.)
DAYTON & UNION RR.—Owns from Dodson, O., to Union City, Ind.,
32 miles; leases Dayton to Dodson, 15 miles; total operated, 47 miles.
The Cleve. Cln. Chic. & St. Louis and Cln. Ham. A Dayton Jointly own the
The $225,000 7% bonds were paid off at maturity Dec. 1
$86,300 stock.
1909 from proceeds of sinking fund.
V. 89, p. 1347. Year ending June 30
1909, gross, $161,793; net, $18,706; other Income, $10,203; charges,
$36,405; bal., def., $7,496.—(V. 89, p. 1347.)
DAYTON UNION RY.—Union depot at Dayton. O.
Used by Pitts
Cln. Chic. & St. L., Clev. Cln. Chic. A St. L., Cln. Ham. A Dayton, Dayton
& Union RR. and Erie RR., under lease which provides that Interest on
bonds and other expenses be divided between them on train basis.
Stock,
$321,000, all com
Pres., W. C. Brown, New York; Sec.. W. F. Stark,
Dayton, O.
Office, Cincinnati. O.—(V. 73, p. 1312.)
fSSSKSBm&BRl
pany

July.

■

*

1910.]

RAILWAY STOCKS AND BONDS

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[VOL. LXXXXI

RAILWAY STOCKS AND BONDS.

44

RAILROAD COMPANIES
see notes on first page]

Miles
Road

[For abbreviations, ftc.,

Cumberland & Pennsylvania—First mtge gold guar..
Somerset Coal car tr assum $76,000 yrly
FBa
Dayton Leb & Cin RR & Term—First M g red (text).

57

29

.

Dayton ft Michigan—Com stock (3 Vi% guar 0 H ftD)

Preferred (8 % guaranteed CHftD) endorsed
First mortgage guar p ft 1 endorsed by C H ft D ...c
Dayton Union Ry—First mtge sink fund call at par.F
Delaware—Stock 8% guaranteed
General mortgage gold..
FP c*
Delaware ft Chesapeake 1st M assumed cuirency-.c
Delaware & Bound Brook—Stock 8 % gu Phlla ft Read
First mortgage $1,800,000 guaranteed
PeP
Delaware & Eastern Ry—D ft E RR 1st M $1,000,000
D ft E Ry 1st M g red 105
xc*
Delaware ft Hudson—Stock $55,711,500 (text)
First M on Pennsylvania DIv ($10,000,000).Un.cftr
Schenectady ft Duanesburg first mortgage
Adirondack 1st M gold guar p ft 1 end
Us.c*ftr
1st & ref M $50.000.000 g sf red 107 Vi beg'18.xc*ftr*
Debentures $14,000,000 gold conv (see text)..c*ftr
Debentures $2,500,000 $200,000 annually Jaa 1
Equip 1st lien bonds $10.000.000 g s f
Usm.xc*ftr

ff

142
249
113
54
•

♦ ^

34

Par
Value

Date
Bonds
1891
1908
1907
1871
1871
1881
1899

$1,000

1892
1882

1,000
1,000

_

_

1,000
1,000

14
57

_

_

_

_

_

_

•m

Break ft Frank 1st M to State red since Jan 1895..

bridge—

Del River RR ft
1st M gold gu p ft 1-..QP.C*
Denv Boulder ft West—Ino 1st M $800,000 au red par
Denver Lar ft N W—1st M g red 108 $30,000 per mMa
Denver Northw ft Pac—1st M $22,500,000 g—Me.c*
Continental Tunnel 1st M $5,000,000 gold guar pfti
Northw Term 1st M $3,000,000 g gu red text
Me
Denver ft Rjn Grande—Stock common (see text)__Tr
Preferred'stock 5% non-cumulatlve $50,000,000_Tr
First ft ref M $150,000,000 gold red text..Baxc*ftr*

—

—

39
19
10
_

—

_

—

_

—

210
6

_

.

*80-*86
1860

1874
1896

1909
1910
1902

100
100

2.529

1908

ft inks

$

DELAWARE & BOUND BROOK RR—Owns from Bound Brook (Cen¬
tral of N. J.) to Delaware River, 27.02 miles; branch to Trenton, 3.74 m.;
second track, 27.02 m.; third track, 9.02 m.; all track. 87.36 m.
In May
1879 leased for 990 years to Phlla. 8s Reading’RR.
Rental, $213,000, pay¬

ing int. and 8% on stock; lease assumed by P. 8s R. Ry.—(V. 81,

p.

210.)

DELAWARE & HUDSON CO.—(See Map.)—Operates railroad lines
from Wllkesbarre, Pa., via Albany, N. 7.. to Rouse's Point, on Canada
line, with branches. 845 miles in all.
V. 68, p. 871.
Lines owned—
'
Miles. \
Lines leased—• See these cos. Miles
Lackawanna 8s Susquehanna
221*Albany 8s Susquehanna
142
Valley RR. of Pa..
171•Rensselaer ft Saratoga
192
Honesdale and other branches.. 291*Chateaugay 8s Lake Placid RR. 80
22
Schenectady ft Mechanlcvllie
10 * Union RR

Cherry Val. Sharon 8s Albany._ 211*Jefferson RR. (trackage)
35
New York & Canada
1501 Other lines..
50
Schenectady 8s Duanesburg
141
Adirondack Ry
571
845
Total operated Jan. 1 1910
•Cooperstown 8s Charlotte Valley 41
Also leases Utica Clinton 8s Binghamton and Rome 8s Clinton RR., 44
miles, sub-let to N. Y. Ontario 8s Western. The company owns the Quebec
Montreal 8s Southern Ry., which extends from St. Lambert, opposite
Montreal, through Sorel to PlerrevUle, and from Novan Junction to St.
Roberts Junction on the aforesaid line, a total of 144 miles; an extension
from PlerrevUle to St. Phllomene, 48 m., was completed in June 1909.
The line will be ultimately continued to Levis, connecting with the Quebec
Bridge at Chaudlere Jet., a total distance of 50 or 52 m. V. 81, p. 1610;
V. 83, p. 379; V. 84, p. 338, 623.
On May 23 1908 the New York 8s Canada
RR. was merged, and In July 1908 the Cherry Valley Sharon 8s Albany RR.
In Feb. 1905 a half Interest In the stock of the Schenectady Ry., 116 miles,
was purchased.
V. 82, p. 687.
Owns $12,499,600 of the $12,500.00”
stock of the United Tract. Co. of Albany, which In 1906 acquired control of
Hudson Valley (Electric) Ry. V. 81, p. 1550, 1610; V. 84, p. 51.

chartered April 23 1823.

It is

one

of the largest miners of anthracite coal.
The Hudson Coal Co., whose
stock Is owned, controls coal lands having In 1908 an estimated tonnage
of mlnable coal of 423,265,353, and In June 1909 agreed to purchase the
entire present and future coal output of D. 8s H.
V. 86, p.913; V. 88, p.1499.
DIVIDENDS—! '87. *88. '89 to *96. '97 to '00. 01 to *06.
'07. to '10.
Since 1886
6
%/ 5
7 yearly. 5 yearly. 7 yearly.
9 yearly.
Dividends In 1910 fixed at 9%, payable quarterly,
v. 90. p. 54.
STOCK, ETC.—In 1900 to 1906 $1,288,500 stock was retired by sinking
fund; none since. The stockholders voted May 10 1910 to permit the
sinking fund to be used to pay cost of additional coal reserves or for other
capital purposes. V. 90, p. 1044. Compare V. 68, p. 926, 1180.
Stockholders'May 9 1905 authorised Increase of $5,000,000 stock for con¬
version at option of holders, to April 1 1916, of $10,000,000 Albany 8s Susq.
3 Vi% bonds, dated April
1906, on the basis of $500 stock for $1,000 of
bonds.
The bonds weie sold at par pro rata to D. 8b H. stockholders to
refund the Albany 8s Susq. 6s and 7s. effecting a material saving of Interest
In 1909 the Albany 8s Susq. stockholders were held by higher Federal courts
to be entitled to the benefit of this refunding, increasing the yearly rental
paid. V. 85. p. 721; V. 83, p. 1036; V. 80, p. 1174, 1362, 2343; V. 88.
p. 938, 1499; V. 89, p. 1068, 1141; V. 90,p. 911. To July 1910 $3,555,000
bonds had been exchanged for D. 8b H. stock.
Stockholders Feb. 19 1906 authorized Increase of the stock by $7,000,000
to provide for exchange of an Issue of $14,000,000 of 4% 10-year debentures
dated June 15 1906, which was subscribed by stockholders at par.
The
debentures are exchangeable for stock at the rate of $500 stock for $1,000
debs. btn. June 15 1907 and 1912, Inc.
V. 81, p. 1848: V. 82, p. 687.
The equipt. lien 4 Vis of 1907 ($10,000,000 issue) have an annual sinking
fund of $650,000 to purchase bonds of the Issue, other securities or addi¬
tional equip, to come under the ratge.
V. 84. p 1247, 1307; V. 85, p. 1082.
On May 12 1908 the stockholders authorized a first and refunding mort¬
gage for $50,000,000, bearing not over 4% int. and running 35 years, and
subject to redemption as an entirety only at 107 Vi on any Int. day, beginning
May 11918. One per cent of the amount of bonds outstanding Is to be paid
to the trustee June 1 annually from 1909 to 1942, to be used to purchase
bonds or for Improvements and extensions. Of the Issue, $6,500,000 will be
reserved to retire the outstanding first mortgage bonds; $20,704,000 have
been Issued to discharge outstanding obligations maturing during 1908 or for
construction work in progress.
V. 86, p. 981, 1409, 1589; v. 87. d. 96.
480, 1419, 1604; V. 89. p. 847, 1541; V. 90, p. 54, 167.
,

EARNINGS.—5mos.,fl910
Gross, $8,021,555; net, $3,120,909
Jan. 1 to May 31.
7,751,628; net,
\1909
Gross,
2,888,547
REPORT.—For 1909, In V. 88, p. 911.

Total net Income




1909.

7,602,877

jVi
g
4

ft
ft
ft
ft

A

N
D
D
O

8

ft
ft
ft
ft
ft

J
J
J
J

ft

■

4 g
4 g
4 g

ft
ft

M
J
J

Dec 1910-1918
Fidelity Trust
Cleveland O
June 1 1922,
Apr 1 1910 1 h Cincinnati
Jan

1 1911

do

1 1912

Mech Nat Rk.

A Aug 1 1955

1908.

1907.

9.165,689 10,025,312
—$18,525,859 $18,500,731 $20,165,440
7,689,010
8,067,380
8.471,011
1,145,418
1,173.206
507,875
1,816,744
1,504,675
1,564,301
$10,391,999 $10,339,104 $11,208,518

TrentonNJ

July 1908 last paid
None paid

July 1 1958

July 1 1957
June 20 1910 2 h Office 32 Nassau St N Y
do
do
Sept 1 1917
do
do
Sept 1 1924
do
do
Mch 1 1942
do
do
May 1 1943
June 15 1916
do
do
1911 to 1914
do
do
do
do
July 1 1922
do
do
do

ft

ft
ft

do

May20 1910 2% 11W State St.Trenton.NJ

N May 1 1911 18
J Jan 1 1940
J Jan 1 1942
a Clinton
ft Bing —See those cos
See text. See text July 20 *10, 2 Vi
8 g
J
J 1930-1936
ft
3
J
ft
J Jan 1 1932
3
J
ft
J Jan 1 1932
4
Overdue
4 g
F
A Aug 1 1936
ft
TO 5%
July 1 1939
6 E
A
ft
O Apr 1 1940
4 E
M
ft
S Sept 1 1952
6 g
Semi.-an io vearr
5 g
J
ft
J July 1 1926

38.000.000
49.779.800 5 in 1910 J
30.950.000
F
5g

do
J P Morgan ft Co N Y
Fanners L ft Tr Co N Y
Checks mailed

July 1 1949
Julyl 1910 2 2-3
Broad St Station Phlla
July 1 1932

A Feb

Q—F

3Vi g F
S E
J
5 g
J

Places Where interest and
Dividends are Payable

Guaranty Trust Co, N Y
Co, Balt

May 1 1921

July 1 1910 2%

Q—J
J
J
J
J
F

Last Dividend
and Maturity

do
do
do

RR, Coop ft Chari Valley
York

90 West Street New

90 West St New York
Broad St Station Phlla
do
do
do
do

Philadelphia Pa
People’s Tr Co. Bkln.NY
MarihTr Co;or off.,Denv.
New York or Denver
Denver Col

J July 15 1910 2 Vi Office 165 B'wav N Y
A Aug 1 1955
Bank’ Tr Co, N Y ft Ber
1909.

Miscellaneous rentals
Int., taxes and miscellaneous
Dividends on stock, 9%

1908.

$2,076,266
3,120,893
3,825,090

1907.

$1,897,628
3,187,018
3,816,000

$2,353,528
2,389,816
3,816,000

Balance, surplus
$1,369,750 $1,438,458
$2,650,173
The earnings of the coal department In 1909 were $16,340,290; expenses,
$15,832,415; net, $507,875. In 1908, $23,847,116; net, $1,145,418.
OFFICERS.—Pres., L. F. Loree; Chairman Exec. Comm., R. M. Oly
phant: V.-P., Chas. A. Peabody: 2d V.-P. C. S. Sims: 3d V.-P.. W. H
Williams; Treas., C. A. Walker; Sec., F. M. Olyphant, Comptroller, W. H.
Davies, 32 Nassau St., N. Y.
Managers—Robert M. Olyphant, Chaunoey M. Depew, John Jacob
Astor. L. F. Loree, William S. Opdyke, J. Rogers Maxwell, Cornelius Van¬
derbilt. R. Suydam Grant. George I. Wilber, C. A. Peabody. Robert S.
Lovett, James A. Linen and Robert C. Pruyn.—(V. 90, p. 1044, 1296,
1424.)

DELAWARE LACKAWANNA & WESTERN RR.—{See Map.)—Opcr-

N.

DELAWARE & EASTERN.—See page 164.

Year end. Dec. 31—
Anthracite coal carried (tons)
Gross earnings of railroads
Net (railroads)
Coal department (net)
Other Income

1,680,000
See text
See text

2,025.000

DELAWARE RR.—(See Maps Pennsylvania RR.)—Shellpot Crossing,
to Delmar, Md.( 95.20 miles; branches, Oentrevllle, Md., to Townsend,
Del., 34.99 m.; Clayton. Del., to Oxford, Md., 54.27 m.; Seaford, Del., to
Cambridge. Md., 32.96 m.; Masseys, Del., to Chestertown, Md.. 20.52 m.;
V. 67. p. 1356.
other branches. 10.98 m.; total. 248.92 miles.
Leased to Philadelphia Baltimore ft Washington (which owns $2,829,607
of the stock) for 99 years from Mch. 1 1910 at a guaranteed rental of 8% on
the stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
special cash dividend of 20% and an extra cash dividend of 5%.
Divs. prior to lease. 1898 to July '06, 6% y’ly; ’07, 8%; ’08. 8%; ’09. 8%;
*10, Jan., 4%. In yr. end. Oct. 31 1909, gross, $2,932,253; net, $670,563;
Other Inc., $43,501; int., rentals, ftc., $223,232; dlvs. (8%) $238,978; extraord. exp. fund, $200,000; bal„ sur., $51,854.—(V. 90, p. 913, 1554.)

was

1,300.000

1,000

Del.

HISTORY, 8sc.—This company

1,475,000
300,000

1.000
1,000
1,000

1,000
100 ftc

.

8

M
J
J

ft
J
ft
J
42,501.000 9 in 1910 9 —Mch
7
M
ft
S
5,000.000
ML
® e
ft
500,000
S
M
1.000,000
ft
4K g
S
4 g
M
ft N
20,704,000
4 g
J 15 ft D
13.976,000
4 E
J
ft
700,000
J
4 Vi g J
ft
10,000.000
J

Piacl d RR, Utlc
50
30.277.000
100 ftc
320,000
All
185,000
All
200,000
650,000
1 .000
1,300.000
See text
100 ftc

_

5 g
5
5 g
3 Vi
8
5
4 g

915 J) 00

1.000 ftc
1,000
10,000
1,000

...

Delaware Lackawanna & Western—Stock $30,277,000
Bangor ft Portland mortgages gold
Delaware Maryland ft Virginia—June ft B—1st mtge

1,000,000

ftc
100

1,000 ftc
100 ftc
1,000

1877
1874
1892
1908
1906
1900
1907

Guaranteed Securities—
*01-02
Hudson Coal Co deb guar p ft 1 end part due yearly
1890
Bluff Point Land Improvement Co 1st M g gu.-.-c*
1902
Chat Ore & l refunding mortgage call 105.
N c*&
Albany ft Susquehanna RR. N Y ft Canada RR, Ch ateaug ay ft I. ake
_

1,000
500

_____

_

1.000

100

1907

Payable

500.000
400,000
1,800,000
1,800,000

_

1906

When

%

2,401,950
1,211,250
2,728,000
450.000
5,078.282

50
50

1905

Rate

$1,000,000
884.000
See text

1.000
1,000

25

_

Amount

Outstanding

City,

ates
js main line from Hoboken. N. J., opposite
Y.
to Buffalo, N. Y.,
410 m., with branches to anthracite
on. &c.. 547 m.. viz.: (*see this oo.)
Lines owned—
Miles.
Lines Leased (Conti.)—

N. J. State line to N. Y. line
Branch to Northumberland

Hopatcong
Erie ft Central New York

114
80

l
18

Greene RR

8

*

•Oswego ft Syracuse
•Utica

85

Chenango ft Susquehanna 97

•Valley RR. of New York

11

Syracuse ft Baldwlnsvtlle RR...
1
Miles.
Bangor ft Portland Ry
38 •Syracuse Binghamton ft N. Y__ 81
Hanover ft Newport RR
31
7 Sussex RR
Lines leased—(See each co.)
Lackawanna ft Montrose RR
11
Lines controlled and oper.—

•Morris ft Essex and leased brchs.176
•N. Y. Lackawanna ft Western.214

•Cayuga ft Susquehanna.

Total operated Jan.

1910

957

34

Cut-off between

Slateford. Pa_. and Port Morris. N. J.. under con¬
struction, under charter of Lack. RR. of N. J., to be completed by end of
1911, will shorten line 11 Vi miles.
V. 86, p. 543; V. 90, p. 557.
The new
Bergen Hill tunnel, Vi mile, was opened for traffic Feb. 14 1909.
HISTORY, ftc.—Original company chartered In 1832, present title as¬
sumed In 1853.
In 1903 purchased entire stock N. Y. ft Hoboken Ferry Co.
In June 1909 the D. L. ft W. Coal Co. was incorporated with 36,800,000 authorized stock to act as selling agent for the company's coal In

Pennsylvania, the railroad stockholders t>elng permitted to subscribe for
Its stock pro rata to the extent of 25% of their holdings.
See extra divi¬
dend below.
V. 89, p. 41; V. 90, p. 557.
Quaitarlydividends of 2 Vi% on
the coal company’s stock were begun In Jan. 1910.
V. 90, p. 54.
In Dec. 1909 sold $1,850,000 Lehigh Valley RR. stock. V. 90. p. 54 . 557.
STOCK.—Stock was In July 1909 authorized to be Increased from $26,200,000 to $30,277,000. to provide 15% stock dividend ($3,930,000) and
for merger of two subsidiary oos.
V. 89, p. 41. 348.

DIVIDENDS \1885. '86 to*03. 1904. 1905. '06. '07. *08. '09.
1910.
Since 1881._%) 87Vi 7yearly. *17
*19« *20 •20 *20 •70ToJly.7X
•The quarterly dividend was Increased from IK to 2Vi% In April 1905;
an extra 10% was paid In Dec. 1904 to 1909 Inclusive.
In July 1909 a
special cash dividend of 50% was paid, one-half being applicable. If desired,
to subscription of stock of new D. L. ft W. Coal Co. selling agency; also

15% stock dividend paid Aug. 2 1909. V. 89. p. 41. 224.
EARNINGS.—11 mos., f 1909-10..Gross. $32,811,824; net. $15,304,850
July 1 to May 31.
\ 1908-09..Gross. 30,670,483; net. 13,807,484
ANNUAL REPORT.—Annual meeting Is held on Tuesday preceding
last Friday In February.
The Report for 1909 was In V. 90, p. 557. Com-

{>arisons
Inaccurate,
owing
to Syracuse
changes inBinghamton
with
1907 are
method of ftaccounti¬
ng.
The
N. Y.,
following
Includes
all lines
except
Sussex RR. and Lackawanna ft Montrose RR. In 1909, and in earlier years
the Bangor ft Portland.
1908.
1907.
Year ending Dec. 31—
1909.

$6,449,032 $6,757,596
24,408,710 26,597,224
2,040,753
3,909,653
2,131,500
Gross
$34,815,011 $32,898,495 $37,264,473
$15,039,686 $13,249,939 $14,375,034
Net after taxes
Coal department (net)
*4,628,771 *4,166,793 *4,224,921
1,513,458
940,234
Other miscellaneous Income
3,845,038
Total net Income
$23,513,595 $18,930,191 $19,540,189
Interest and rentals
$5,163,383 $5,160,140 $5,309,958
291,323
320,816
Rentals, advances, ftc
271,563
Renewals and betterments
2,099,454
2,781,603
3.820,088
2,620,000
Dividends (10%)
2,620,000
*2,817,216
Extra dividend (10%)
2,620,000
2,620,000
*3,014,370
Balance, surplus, after dividends..$10,147,609 $5,457,125 $4,849,327
•
Earnings of the coal dept, in 1909 (7 mos.), $35,665,865; expenses, $31,037,094; net, $4,628,771; 1908 (year), $41,487,555; expenses, $37,320,762;
net, $4,166,793; 1907 (year), earnings, $42,184,935; net. $4,224,921.
* Also 50% extra cash dividend paid July 20 1909 and 15% stock divi¬
dend Aug. 2 1909, from profit and loss.
OFFICERS.—Pres.,W. H. Truesdale; Sec. and Treas., A. D. Chambers.
BOARD.—Fredk. W. Vanderbilt, Wm. H. Moore, Eugene Higgins.
Henry A. C. Tavlor. J. Rogers Maxwell. Geo. F. Baker. Wm. Rockefeller,
Geo. F. Baker Jr., James Stillman, M. Taylor Pyne, Harris C. Fahnestock,
Frank Work. John D. Rockefeller Jr., William Fahnestock.
Office, 90
West St.. New York.—(V. 90, p. 54, 557. 559, 697; V. 91, p. 154.)
DELAWARE MARYLAND & VIRGINIA RR.—Owns from Harrington
co Franklin City, Va.. 78 miles; Georgetown to Rehoboth. Del., 20 miles;
total, 08 miles.
Controlled by Phlla. Balt, ft Wash., which owns $326,200
of the 3526.758 stock (par $25). and so by Penn. RR.
See V. 50. p. 498.
In year end. Dec. 31 1909, gross, $327,003; operating def., $2,992; Int.,
taxes, ftc., $52,588; bal.,def. for year, $55,580—but this does not Include
interest on floating debt (of $880,249 Dec. 31 1909).
Passenger earnings
Freight earnings.
Miscellaneous

$6,825,430
25,858,081

July, 1910.]




RAILWAY STOCKS AND BONDS.

45

46
RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

Miles
Road

-first page]

Denver & Rio Qrande—(Concluded)
First cons mortgage for $42,000,0001
J1,667
now first mortgage
Jgold--Us.c*&r 11,667
Improvement mortgage ($5,000 per mile) gUs.c*&r 1,667
Rio Grande Southern first mortgage guaranteed _Ce
180
Rio Grande Junction first mortgage guar
62
Ce.c*
Rio Grande Western 1st M gold (V 69 p 284)-.Ce.c*
435
First cons mtge redeem at par (see text) g
669
Q.c*
Utah Central 1st M guar (V 68 p 724) gold
36
G
Utah Fuel Co 1st M $2,000,000 redeem at 110
G
Pleasant Valley Coal 1st M s f redeem at 115
G
Salt Lake City Union Depot A RR.—See that Co.
Equipment bonds Series A gold $75,000 due seml-an
do
do
Series B red 101 g $75,000 due s a
Des Moines & Fort Dodge—Common stock
-

—

Date
Bonds

Par
Value

Detroit Grand Haven & Milw—First equip M guar-_c*
Consol mortgage guaranteed
c*
Detroit Hillsdale & S W—Stock 4% rental L S A M S
Detroit Grand Rapids & Western—See Pere Marquett
Detroit & Mackinac—Pref stock $1,000,000 auth
“First lien” $1,500,000 gold
Gc*
“Mortgage bonds’* $1,750,000 g red at par
Gc*
Detroit Toledo & fronton—Com stock (V. 80, p. 650)
First pref 4% non-cum (pref as to assets) $7,500,000
Second preferr?d 5% non-cumulatlve $5,000,000
Receivers’ certificates
do
do
1
General lien A division 1st M $4,253,000 gold__N.c*
Detmit Southern—Ohio South Division mtge.-Ce
do
do
Consolidated mortgage $22,500,000 gold
Notes for Ann Arbor redeem 102 H yearly

K.c*
Usm
Equip trust notes g (V 82 p 99) $207,000 yrly_-Ta
Detroit Southern car trusts due $40,000 yearly
Of which $1.677,000 In treasury:

there

are

also

138
—

1,000

e

1,000
1,000

1905
1906

All
All

1895
1895

1,000
1,000
&c

200

100
100

1,000
1,000
100
100
100

All
263

Text
.

1910
1910
1905
1901

1908
1905
1905
1905

1

,uoo
1,000

1,000
1,000
1,000

1,000

—

$2,233 ,000

n nt

guara

DELAWARE RIVER RR. & BRIDGE CO.—Frankford Jet.. Pa., to
Pensauken,

N. J., and branches, 9.52 miles.
Capital stock ($1,300,000) Is all owned by the Pennsylvania RR., which
guarantees bonds, principal and Interest, by endorsement.
Dividends;
Dec. 1900 to June 1906, Inel., 4% yearly (2 J.&D.1: Dec. 1906, 8%; 1907,
5%; 1908, 6%; 1909, June 26, 2%; Dec., 4%; 1910, June, 2%.
Sink, fund,
1%; bonds cannot be called.
Guaranty, V. 63, p. 1062, 1159; V. 89,p. 1596.
DENISON BONHAM & NEW ORLEANS RY.—Bonham Jet. to Bon¬
ham, Tex., 24 miles.
Operated since completion. Dec. 1 1901, by the Mo.
Kans. & Tex. under a 10-yr. contract.
Stock, $50,000. In Nov. 1905 per¬
mission was given to register $325,000 30-year gold bonds; none outstanding
July 1907.
V. 76, p. 381; V. 81, p. 1610.
Pres., Ed. D. Steger; Sec.,
John W. Russell.—(V. 77, p. 823; V. 81. p. 1610.)

DENVER LARAMIE &

NORTHWESTERN RR.—Projected to extend

from Denver, Col., to coal fields in Carbon Co.,Wyo., 220 miles, and thence
to Seattle, Wash.; total, 750 miles, of which 56 miles, from Denver to Gree¬
ley, Col., were opened May 15 1910.
•"Stock authorized, $30,000,000; par, $100.
Bonds authorized, $22,500,000, at $30,000 per mile; sinking fund, $250,000 April 1 1925 and each
Interest day thereafter.
V. 90, p. 1238.
Successor in 1910 of D. L. A

N. W. Ry.
V. 90, p. 502.
Pres., Charles S. Johnson, Denver; Vlce-Pres. and Gen. Man., William
E. Green; Sec., Zeph Charles Felt; Treas., W. E. Skinner.—(V. 89, p. 593,
922; V. 90, p. 502, 1238.)

DENVER BOULDER & WESTERN RR.—Boulder to Ward, Colo., 26
miles; Sunset to Eldora, 20 miles; branches, 5 miles; total, 51 miles. Reaches
Denver Union Depot from Boulder over Colo. & Sou. (third-rail); V. 80,
Successor to Col. A N. W., foreclosed March 29 1909. V. 88, p.
p. 650.
944.
Stock, $300,000, all out; par $100.
Of the bonds ($800,000 auth.
Issue), $100,000 are reserved for extensions, improvements, &c.
They are
entitled to lnt. up to 5% If earned, payable Sept. 1 beginning 1910. For 11
months ending May 31 1910, gross, $122,891, against $98,010 in 1908-09;
net, $29,214, against $17,490.
Year ending June 30 1908, old company, gross, $84,187; net, $11,101; lnt.,
taxes, &c., $53,801; bal., def., $42,700.
Pres, and Treas., W. B. Hayes;
Sec.. C. M. Wiliams.
Office, Boulder, Colo.—(V. 89, p. 41, 993.)
DENVER NORTHWESTERN & PACIFIC RY.—To extend from Denver to
Salt Lake, about 575 miles, along a line about 100 m. south of the Union Pac.
and 125 m. north of the Denver A Rio Grande.
In 1905 110 miles, Denver
to Sulphur Springs, Col., were opened.
Extension, 101 m., Sulphur Springs
to Steamboat Springs (364 m. from Salt Lake City), was completed Nov. 1

1908. See V. 75, p. 289; V. 78, p. 1108; V. 80, p. 1362; V. 86, p. 167.
STOCK, BONDS AND NOTES.—Auth. Stock, $20,000,000, of which
$10,000,000 pref. 5% non-cum., all to be Issued for construction, together
with $20,000,000 of the $22,500,000 4% bonds. V. 75, p. 1147; V.79, p. 102.
Outstanding April 1 1909, $5,450,000 each of com. and pref. stock and
$10,900,000 bonds.
Of the bonds, $8,000,000 are deposited as collateral
for $4,000,000 6% 2-year notes of the Colorado-Utah Construction Co.
(which is building the road), dated May l 1909, redeemable at 101, and
guaranteed, prln. and int., by Pres. D. H. Moffat; Interest payable quar¬
terly (Q.-F.); Central Tr. Co., N. Y., trustee; denominations $5,000, $10,000, $25,000 and $50,000 each.
V. 88, p. 1127, 1061. The bonds of the
Continental Tunnel Co., to construct a tunnel 6 miles In length through the
Continental Range,50 miles west of Denver ($5,000,000 auth. Issue), will,
If Issued, be guaranteed, prln. and lnt.
V. 85, p. 1143.
N. W. TERMINAL RY.—Leases Northwestern Terminal Ry. at Denver
for 999 years, guaranteeing bonds, prln. & int.
Bonds are redeemable
from July 1 1911 to July 1 1916 at 105 and int.; thereafter at 102H;see
bond offering in 1910, V. 90, p. 503.

EARNINGS.—For 11 mos. ending May 31 1910, gross, $882,262, agst.
$592,224 in 1908-09; net, $179,646, agst. $76,12*.
Pres., David H. Moffatt; Treas., Thos. Keely; Sec., F. B. Gibson.—(V. 90, p. 502, 697.)

DENVER & RIO GRANDE RR.—(See Map.)— ROAD.—Mileage;
Road owned and operated
2,528|
Of the preceding;
Rio Gr. Jc. RR., &c. (leased)__
70|Standard gauge
1,810
I Narrow gauge only
l
787
Total June 30 1909
2,598 12d track
:
82
Rio Grande A Southwestern RR., Lumberton Station,Col.,33 m. south¬
easterly, Is operated on basis of 25% of gross earns.
V. 79. p. 907.
In June 1910 construction was begun of a new joint line with the Colorado
& Southern from Pueblo to Walsenburg, 56 miles, at a cost of probably
$5,700,000. V. 90, p. 626.
„

HISTORY.—Reorganization of a railway company of same name fore¬
closed July 12 1886.
On July 31 1908 the Rio Grande Western was merged.
V. 87. p. 226, 285.
The Rio Grande Junction Is leased Jointly by this co.
and the Colorado Midland, and Its bonds guaranteed.
The Col. Midland is
controlled by parties Interested severally in the D. A R. G. and Colorado
A Southern.
V. 70, p. 739.
The Rio Grande Southern Is controlled.
The Missouri Pacific early In 1901 acquired $14,800,000 common and
$7,300,000 preferred stock, this, together with the Rockefeller Interest, it
Is understood, constituting a considerable majority of the entire stock.
V. 72, p. 338, 580, 1238; V. 73. p. 506.
Denver A Rio Grande owns two-thirds of the stock and has given a
traffic guaranty to the Western Pacific Ry. (which see) to be completed
from Salt Lake City to San Francisco in 1910.
V. 81. p. 845; V. 83,
p. 568.
The stock ($200,000) of the Salt Lake City Union Depot A RR.
Co. Is equally owned by the D. A R. G. and Western Pacific, which guar¬
antee Its $1,100,000 first mortgage 30-year 5% bonds.
V. 88, p. 232.

STOCK.—Early In 1910 $4,000,000 pref. stock was sold at par for im¬
provements, equip., &c..raising amount outstanding to $49,779,800.
DIVS. since ’911 *92. ’93. '94. '95. '96. ’97 ’98. ’99. ’00. ’01 to July’10
on preferred, % -JO
2
00222H44
5 yearly
BONDS.—Consols of 1886 for $6,900,000 originally reserved for exten¬
sion to Ogden were available for capital requirements, of which part Issued.
V. 73, p. 507.
See abstract of mortgage In V. 47, p. 228.




When

%

Payable

4 g

J
J
J
J
J
A
A
M
J

&
&
A
&
A
&
A
A
A
&

J
J
D
J
D
J
O
O
S
J

M
M

A
A

N
S

4^ g J
5
4
5
4
4
4
5
5

g
g
g
g
g
g
g
g

450,000
4H g
5 g
1,125,000
4,283,100
763,500 See text
4 g
3,072,000
5 g
600,000

1,000
100
100

1887
1878
1878

Rate

390,000
685,000
1.031.000

1,000
1,000

1903
1907

5
189
189
65
RR

Amount

Outstanding

$500 &c $33,922,000
6,382,000
1,000
500
8.335,000
1,000 X2,277,000
2,000,000
1,000
1,000 Ac 15.190,000
1,000 Ac 14,168,000

1886
1886
1888
1890
1889
1889
1899
1898
1901
1898

__

Preferred stock 7 % non-cumulatlve
First mortgage gold guar prln A Interest
Ce.c*&r
Second mtge $1,000,000 gold redeem at 105
Ta
Des Moi la F & No—See St. Paul A Des Moines—
Des Moines Union—First M for $800,000 gold__Ce.c*

x

VOL.

RAILWAY STOCKS AND BONDS

621,000
2,000,000
3,200,000
1,350,000

August
&

Last Dividend
and Maturity

LXXXX1

Places Where Interest and
Dividends are Payable

Jan 1 1936
Jan 1 1936
June 11928

National Park Bank, NY
do
do
do
do

July 1 1940

Maitland, Coppell, N Y

Dec

do

do

1 1939

Guaranty Trust Co, N Y

July 1 1939
Apr 1 1949

do
do
do
do

do
do
do
do

Jan 1 1917
Mch 1 1931

July 1 1928

Nov’lO-May’13

Blair

SeptlO-Sep ’17

A
do

York

Co, New
do

N
N

Broad Street
Central Trust Co

Aug 2 1909 5% 25

Y
Y

J
A

A

J Jan
O Apr

M
A
A
J

A
A
&
&

N Nov 1 1917
Central Trust Co N Y
New York and London
O Nov 14 1918
do
do
O Nov 15 1918
J July 5 1910 2% Farmers’ L A Tr Co N Y

&
A
A

J July 1 1910
D June 1 1995
D June 1 1995

J
M

A
&

D Dec
S Mch

4W g F

A
&
A
A

A
D
D
O

6 g
6
6
4

950,000 5 In 1910 J
4 g
J
1,050,000
4 g
J
1,250,000
12,500,000
7,500,000

1 1935

1 1935

2H H K McHarg New York
J P Morgan A Co N Y
do

do

5’non.nnn

400,000
188,000
4,253,000
4,495 non

245,000
2,776,400
5,500,000
1,656,000
120,000

6
6
4 g
4 g

1 1955
1 1941

6
5

J
4^ g J
4K g A

Aug 1 1980
Dec 1 1908
To June 1915
To Oct 1 1912

Dec ’09 coupon cashed
Mch 1910 coupon paid

Aug ’07 coup
Dec ’07 coup
Dec ’07 coup
Merc Trust A

last paid
last paid
last paid
Dep Co Bal

nteed

The improvement mortgage abstract was In “Chronicle”, V. 47, p. 229.
Abstract of R. G. W. 1st mort. was In V. 49, p. 237, and statement to
N. Y. Stock Exchange. V. 50, p. 73; also V. 69, p. 284.
Utah Fuel 1st 5«
of 1931; see application to list, V. 78, p. 1171, 1178, 1548, 2015.
The Rio G.W. first consol. 4s of 1899, see application to list In full.
V. 72, p. 537. V. 72, p. 775, 1189. List of coll. June 30 1909, V. 86. p. 603.
The refunding mortgage dated July 1 1908 covers the consolidated
properties to secure an issue of $150,000,000 bonds, of which $90,000,000 will be reserved to retire underlying bonds and the remaining $60,000,000 will be available for other purposes. The bonds are redeemable at
105 to Aug. 1 1913 and 110 thereafter.
In Nov. 1908 $17,500,000 of the
bonds were sold, In Feb. 1909 $5,000,000 and In Aug. 1909 $5,000,000, the
bankers having an option of $1,000,000 additional. V. 87, p. 1419. In addi¬
tion to a lien on the D. A R. G., the bonds are secured by two-thirds ($50,-

000,000) of the stock of the Western Pacific and all the $25,000,000 2d M.
bonds on the latter.
V. 86, p. 1224, 1284, 1529; V. 87, p. 226, 285, 544,
741, 1419; V. 88, p. 100, 230, 294, 504, 822; V.89, p.348, 593; V. 90, p.848.
LATEST EARNINGS.—From July 1 to May 31, 11 months:
11 Mos.
Gross.
Net.
Other Inc.
Charges.
Bal., Surp.
1909-10
.$21,560,651
$6,235,314
$4,926,848 $3,323,416
$2,014,950
1908-09
18,995,804
5,126,508
992,516
3,727,311
2,391,713
ANNUAL REPORT.—Report for 1908-09 In V. 89, p. 589, 602, lnclud_ng the Rio Grande Western.
See p. 564.
[Inc. +) or
...

1908-09.

Average miles operated
Total operating revenue
Net revenue..
Taxes

Operating Income...

$5,704,712
982,039

Other income

Total net Income
$6,686,751
Interest on bonds
$3,301,051
Rental of road, yards, terminals, &c
39,452
Hire of equipment
289,300
Div. on preferred stock (5%)
2,288,990
Renewal fund
120,000

Appropriations for betterments....
Appropriations for new equipment.

_

Total

1907-08.

2,534
2,499
$20,876,571 $20,386,431
6,467,535
7,503,979
762,823
750,471

156.360
204,884

$6,400,037

Dec. (—).

+35
+$490,140
—1,036,444
+12,352

$6,753,508 —$1,048,796
+ 427,745
554.296
$7,307,804
$3,293,928
47,303
430,737
2,288,070
120,000
231,393

—$621,055
+ 7 125
—7,851
—141,437
+ 920

75,035
+ 204,884

$6,411,431

—$11,394

$286,714

$896,373
—$609,65#
OFFICERS.—Chairman of Board, George J. Gould; Pres., E. T. Jeffery;
Vlce-Pres., Chas. H. Schlacks; Treas., J. W. Gllluly; Sec. and Compt.,
Stephen Little.
Office, 165 B’way, New York.
Directors—George J. Gould, Winslow S. Pierce, E: T. Jeffery, Edwin
Gould, Howard Gould. A. H. Calef and Arthur Coppell, New York; Charles
H. Schlacks and Joel F. Valle, Denver, Col.—(V. 90. p. 626, 848.)
Surplus

DES MOINES & FORT DODGE RR.—(.See Map Minneapolis A St.
Louis.)—Owns Des Moines to Ruthven, la.. 137.01 m.; at Ft. Dodge, la.,
0.61 m.; trackage, Tara to Ft. Dodge, 6.07 m.: and Spenoer to Ruthven,
12.45 m.; total, 156.14 m. In 1904 Mlnneap. & St. Louis acquired $2,530,000of the outstanding $4,283,100 com. stock.and guarantees the $3,072,000
first mtge. 4% gold bonds Issued to retire all the outstanding bonds .which ma¬
tured Jan. 1 1905; the Minn. & St. Louis leases the road for 30 years from
Jan
1 1905: all income over charges, improvements, &c., to be paid to
lessor.
V. 79, p. 268, 1704, 2085.
Guaranty, V. 79, p. 2696. Pref. stock
(non-cum.) shares equally with common after 7% on each.
Second M. bonds, $1,000,000 auth., see V. 82, p. 1322.
DIVIDENDS—.
\ ’93. ’94. ’95. ’96 to ’98. ’99 to ’03. ’04 to ’09.
On preferred
%!
2
4
6 y’rly.
5 y’rly.
4
7 y’rly.

Report for year ending Dec. 31 1909 in V. 91, p 34, showed gross
earnings, $572,499; net, $162,457; taxes A lnt., $175,580; deficit, $13,123.
Pres.. Edwin Hawley; Vlce-Pres.. L. F. Day; Treas., F. H. Davis: Sec.,
W. S. Crandell.—(V. 88, p. 1436, 1615; V. 90, p. 1675; V. 91, p. 34, 38.)
DES MOINES UNION RY.—Terminal road In Des Moines;

owns

5 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 statement to N. Y.
Stock Exchange in V. 65. p. 1173.
Leased to Wabash RR., Chicago Great

Western, Chic. Milw. A St. P. Ry., Chic. Burl. & Quincy RR., St. Paul &
Des Moines RR. and Minneapolis & St. Louis RR.
V. 75, p. 342.
Rental
equal to expenses and fixed charges paid monthly by lessees on wheelage
basis.
Stock auth., $2,000,000; out., $400,000; par, $100.
Year 1908-09,
gross, $268,408; net inc., $106,344; bond int., $35,550.—(V. 86, p. 337.)

DETROIT GRAND HAVEN & MILWAUKEE RY.—(See Map Grand
Ry.)—Owns from Detroit to Grand Haven, Mich., 189 miles.
A re¬
The principal and Interest on the bonds are
organization of Sept. 1878
guaranteed by the Grand Trunk of Canada.
Stock. $1,500,000: par, $50.
Real estate bonds or mortgages, $226,000.
On June 30 1909 sundry out¬
standing accts., $2,764,517.
Grand Trunk of Canada owns entire stock.
EARNINGS.—11 mos., (1909-10
Gross, $1,848,190; net, $408,260
July 1 to May 31.
Gross,
(1908-09
1,544,962; net,
324,662
Year ending June 30 1909, gross, $1,699,403; net, $386,612; other Income.
$7,836; charges, $504,483; bal., def., $110,035.—(V. 88, p. 1620.)
DETROIT HILLSDALE & SOUTHWESTERN RR.—Owns Ypsllantl.
Mich., to Bankers, Mich., 65 m.
Leased in perpetuity July 1 1881 to the
Lake Shore A Mich. Southern Ry.; rental, $54,000 per year—4% on stock.
DETROIT MACKINAC & MARQUETTE RY.—SEE MISC. COS.
Trunk

ucikuii

a
kt.—uwns irom cay uity, Mich., to Cheboy
196 m.: Rose City Branch, 31 m.; Prescott Branch, 12 m.; Llncoli
Branch, 14 m.; Au Gres Branch, 8 m.; Hillman division, Alpena to Hillman
Mich., 25 miles (opened Dec. 1909); logging branches (largely temporary)
86 m.; total, 372 m.
In 1908-09 forest products furnished 52.01% of traffic
In 1902 Henry K. McHarg and associates acquired control.

gan,

BONDS.

KSAATILONWCKDY

19 0.J

July,




RAILROAD COMPANIES
For abbreviations, Ac., see notes on first

Miles
Road

page]

Det & Tol Sh L—1st M $3,000,000 g gu p A l.Me.c* Ar
Dover & Rockaway—Stock 6% rental 999 years
Dub & Sioux City—Ill Cent W lines 1st M g_- Us.c* Ar
Iowa Falls A Sioux City 1st M Iowa Falls to SlouxCy
Cher A Dak C R A C and Omaha Dlv Ac first mtge
Duluth & Iron Range—First mortgage
Mp.cAr
Second M currency redeem at 105 $5,000,000_Ce.c*
Duluth Missabe & Northern—First mortgage gold s 1
First consol mtge $3,500,000 gold call at 105
__Ce
General mortgage gold • f, red 105
Nxc*
Dulutlr so Sh & Atlantic—Marq H A On gen M. -Ce.c*
Duluth South Shore A Atlantic 1st M gold.Ce.cAr
First consol mtge gold Interest guar
Ce.c*Ar
Income certs ($3,000,000 held by Can Pac July *09)
Oar trusts guar by Can Pac (due monthly)
do
guar by Can Pac (due $17,000 yearly) -do
do
do

48
—

—

Date

Bonds
1903
•

•

Par
Value

1895
218
1869
184
328 •88-00
1887
210
1896
210
1892
65
130 1893
1906
215
1885
130
1887
587
587 1890
1892
1906
1907

do

1908-

—

do

Dul Winn & Pac—1st M deb stock guar by Car Nor Ry
Dul RLAWln 1st M$2,000,000 gred 105 beg’ll ICc*
Dun All V & Pitts—1st M $5,000,000 gu to be auth.G
Durham A So Car—1st M $300,000 gold red 105_MeBa
Durham & Southern—1st M $1,000,000 auth gold._F
Durham Union Station—First M $75,000 g—S.c*Ar
Dutchess County RR—See Central New England Ry.
East Mahanoy RR—Stock
East Pennsylvania—Stock 6% guar 999 yrs Phlla A P
First mtge gold guar p A 1 by P A R RR (end)._c*
ast Tennessee Virginia A Georgia—See Southern Ry
ast Tenn A W No Car—1st M g (V 81 p 1723) GuP c*
astern Ry of Minnesota—See Great Northern
J Paso A Northeast—N M Ry AC coltr gred 105.. N
N M Ry A Coal M gold
Ta
Alam A Sac Mt first mtge $900,000 gold guar
N
El Paso A Rock Isl first M $2,500,000 gold.-.Ta.c*
Dawson Ry A Coal coll trust gold guar p A I--Ta.c*
El Paso Union Pass Depot—1st M g $240,000 s f--Ta
Elgin Joliet A Eastern—1st M ($10,000,000) g.Cex.c*
Elizab* tht’n Ter Co—1st M$150,000 redl05 begApr’15
Elmira A Lake Ont—Sodus Bay A So—1st Mg.. Un.c

1.000
500 Ac

1,000 Ac
1.000 Ac

When

%

Payable

See text

1,000
1,000
1,000
1,000
1.000

1,174,000
903,000
9.075.000
1,077,000
3,816,000

—

_

_

-

30
61

1,000

300,000

750,000
54,000

1916
1922

1 1937
Aug 1 1990

Jan

5 g
4 g
5 g

J
J
M

A
A
A

D June 11939
J Jan 1 1916
1960
J July 1 1935
J Jan 1 1946
N May 1 1955

J A D 15 Junel519l0 2M Reading Term
do
J July 18 1910 3%
J
A
do
M
A
S Mch 1 1958

4H

165

1897
1901
1898
1901
1901
1905
1891
1910
1884

1,000
1,000
1.000
1,000
1,000
1,000
1,000

3,000 000
2,000,000
372,000
2,500,000
3,000,000
240,000
10.000.000

5
5
5
3
5
5
5
6
5

A
A
A
J
J
J
M
A

A
A
A
A
A
A
A
A

O
O
o
J
J
J

J

A

Proper.
$166,956
$38,476
$890,689 def.$685,257
42,405
297,836
def. 575,101
915,343
Interest charge includes yearly $275,000 interest on collateral trust notes
Issued for Ann Arbor stock. See V. 83. p. 1034.
Pres., Eugene Zimmerman; Sec. and Treas., G. Casper Niles;
Office.
Detroit.— (V. 89. p. 1667; V. 90, p. 166, 447, 559, 626, 1490, 1554.)
DETROIT & TOLEDO SHORE LINE RR.—Extends from Toledo to
(suburbs of) Detroit, 47.6 m.; 2d track. 20 m.; sidings, 3 m.; trackage ovei
Toledo Ry. & Term. Co., Sec.. 31 m.; total track, 101.6 m.
V. 78, p. 2598.
The Grand Trunk Western Ry. and the Toledo St. Louis & Western RR.
own the entire $1,428,000 stock and Jointly guarantee the bonds, principal
and Interest, by endorsement.
See form of guaranty, V. 76, p. 653.
First
dividend, 4%, paid from earnings prior to June 30 1908; In fiscal year
6% and in 1909 (after June 30), 2%.
V. 87, p. 1237.
EARNINGS.—11 mos., (1909-10
Gross, $836,685; net, $409,422
\1908-09
July 1 to May 31.
Gross, 713,652; net, 298,845
Year ending June 30 1909, gross, $769,181; net, $319,405, as reported to
Int. Com. Commission (against $448,507 In 1907-08).
In 1907-08, gross,
$878,421; net Income, $401,583; int. on bonds, rentals, Ac., $293,583; Im¬
provements, $21,079; dlvs. (4%), $57,120; bal., sur., $29,801. Pres,,
T. P. Shonts.—(V. 87, p. 1237.)

Detroit, Mich
Philadelphia, Pa

A

N Nov 1 1935

Gross, $1,450,687; net, $92,810

Chicago, Ill

A

A

V. 89, p. 1410.

Montreal, Quebec
do
do

J

M

Chairman; Henry V.

New York or London

J

Apr 1 1915

5 g

500,000

Y

O

500,000

See text

Y

A

4
4
5 g

1,000

i .too

N

N

Trust

44 Wall Street New York
do
do

1905

181
8
34

Co

Company's office

Central

34

31
128
133

Mercantile Trust of N Y
143 Liberty St New York
Office 115 B’way N Y
ao
do
therefor
Office Empire Bldg N Y
do
do

1925

Dec 31 1912
J
A
J To Jan 1911
J A D 15 To June 1912
MAS Mch 1 1914
A

Places Where Interest and
Dividends are Payable

1923
1941

495,000

July 1 to May 31.
\1908-09
Gross, 1,400,738; net, 150,137
REPORT.—For year ending June 30 1909 In V. 89, p. 1217.
Entire System (including Ann Arbor).
Year—
Gross.
NeUaft.Tax.) Oth.Inc. Deductions.
Balance.
$3,233,607
$557,406
$139,964
$1,354,536
def.$657,166
3.506,048
395,956
413,165
1,328,838
def. 519,716




1
1
Jan 1
Jan 1
Apr 1

1,000

_

Stockholders' Committee.—Willard V. King, Evans R. Dick and E. L.
Oppenhelm (Columbia Trust Co., N. Y.. depositary). V. 86. p.794.
Pref. Stockholders' Committee.—Alexander J. Hemphill, Chairman; Edgar
O. Hebbard, Sec. (Guaranty Tr. Co.. N. Y., depos.).
V. 86. p. 1409, 1529.
The Interest on the $1,656,000 4 H% equipment trust notes of 1907 being
In default, the equipment was surrendered to the makers, but the obligation

DUBUQUE & SIOUX CITY RR.—See page 164.

Jan
Jan

5
6
4 g

_

Poor, Sec.; Central Trust Co., depositary.
V. 86, p. 337.
This committee will prepare a plan In connection with the foreclosure
sale under the consol, mtge.
V. 90, p. 1490.

1,623,266

A
A
A

J
J
J
J
0
J
A

497,750
1,948,300

_

and $5,000,000 Det. T.
Loans and bills payaole

Detroit Toledo A Ironton

A
A
A
A

50
50

^

exchange the committee’s interest In the pledged D. T. & I. consols for the
syndicate’s interest in the Ann Arbor pref. and com. stock. See circular
in V. 87, p. 1300.
V. 86, p. 337, 420, 480, 346, 602, 1589; V. 87, p 166,
285, 544, 1300; V. 90, p. 447, 626.
The 5% notes of 1905 ($5,500,000 Issue) are secured by $3,001,000

$1,525,126

4H

J
J
J
J
A
J
F

1888

_

Collateral Trust Noteholders' Committees.—Joseph Ramsey Jr., Chairman,
Walter L. Worrall, Secretary; New
York Trust Co., depositary. In
In Feb. 1910 about $5,300,000 of the $5,500,000 outstanding notes were
owned or controlled by the committee, and it was arranged with the
Hollins syndicate committee representing about $1,700,000 notes, to

mos.,/1909-10

Last Dividend
and Maturity

36
36

Mowle, Sec., 25 Nassau St., N. Y.; Central Trust Co., N. Y., depositary.
V. 89, p. 1279, 1541; V. 90, p. 559.
Committee for Gen. Lien A Div. 4s.—Otto T. Bannard, Chairman; Wm. R.
Britton, Sec., 30 Broad St., N. Y.; N. Y. Trust Co., depositary.
In Jan.
1910 over 85% had been deposited. V. 89. p. 1482,1596, 1667; V. 90,p.167.
The Dec. 1909 coupons were cashed In behalf of the consol, mtge interests.
V. 90, p. 1490, 1554.

EARNINGS.—11

76,325

5

1,000
1,000 Ac

but after the Ohio So. Div. mtge.
V. 90, p. 167.
In Jan. 1910 $500,000 first Hen receivers’ certfs. were auth. V. 90, p. 167.
gross, $9,365,249; net, $5,295,986.— (V. 90, p. 236.)
Committee for Ohio So. Div. 4s.—James N. Wallace, Chairman; F. E.

therefor remains.

4«

See text

Gross, $1,123,075; net, $351,735
Gross, 1,051,768; net, 323.792
EARNINGS.—Report for year ending June 30 1909 was In V. 89, p. 1219,
showed gross, $1,148,974; net Income after taxes, $283,459; interest on
bonds, &c., $101,175; pref. dlv. (5%), $47,500; bal., sur., $134,784.
1907-08, gross, $1,186,096; net, $397,045.—(V. 89, p. 1068, 1219.)
DETROIT TOLEDO & IRONTON RY.—Operates road from Detroit,
Mich., to Ironton, via Lima, 389 m., Including 45 m. of trackage; branches,
Kingman to Sedalla. O.. 31 m.: Jackson to Cornelia, 19 m.. and Llsman
Jet. to Dean, O., 3 m.; total, 441 m.; coal mine tracks, sidings, Ac., 139 m.
Also owns control of Ann Arbor RR., which see. V. 81, p. 264; V. 82, p. 509.
ORGANIZATION.—Successor, per plan V. 80, p. 650, of Det. South.
RR. foreclosed, subject to Ohio South, mtge. V. 80, p. 2344, 1856.
Receivership.—In Feb. 1908 Geo. K. Lowell, Benj. S. Warren and Thomas
D. Rhodes were appointed receivers, the Interest on the consol. 4^s due
Feb. 1 1908 being in default.
The Interest on the divisional and gen. lien
4s was first defaulted Dec. 1 1909.
The Sept. 1909 and March 1910 coupons
on Ohio Southern division bonds were paid March 1 1910.
V. 89, p. 593;
V. 90, p. 559.
On Feb. 25 1908 $300,000 receivers’ certfs. were authorized
having a lien junior to the Ohio So. division and divisional and gen. lien 4s;
$245,000, bearing interest at 6%, were outstanding July 1910.
V. 86,
p. 546, 602.
«
In Jan. 1910 $588,000 first lien receivers’ ctfs. were auth., of which
$400,000 rank ahead of all mtges. and $188,000 ahead of the general lien

,

g

23.507

160,000
221,000
6,148.333
2,000,000

1,000

LATEST EARNINGS./1909-10_
11 mos., July 1 to May 31.\1908-09

Ann Arbor preferred and $2,190,000 common stock
A I. consols. V. 80. p. 2457, 2620; V. 81, p. 155.
June 30 1909. $635,851
Committee for Con. Mtge. 4 Hs.

g
g
g

3.000,000

1909
1910

1909
1906
1910
1905
1906
1905

—

6
6
0
5
6
&

15,107,000

100 Ac

BONDS.—“Mortgage bonds” for $500,000 were reserved for betterments
Ac., at not over $50,000 per year. V. 74, p. 629.
In addition to the
amounts shown above as outstanding, $450,000 “first lien” and $350,000
“mortgage” bonds were on June 30 1909 held In the treasury.
STOCK.—The capital stock Is $3,000,000, of which $2,000,000 common
and $1,000,000 5% non-cum. preferred.
Dlv. on pref.,
See V. 74, p. 629.
2H% July 1 1903; since to July 1910, 5% yearly.

t

Rate

4 g
J
A
J Jan 1 1953
$2,288,000
6
A
A
O Apr 1910 3%
140,000
4
F
A
A Aug 1 1951
5,425,000
g
7
A
A
O Oct 1 1917
2.800,000
8,930,000 Illinois C entral bo nds or collateral
5
A
A
O Oct 1 1937
6,732.000

$1.000
100

•

Amount

Outstanding

119900787--8, 11990078--8,
do

[VOL. LXXXXI.

RAILWAY STOCKS AND BONDS.

48

g
g
g
g
g
g
g

g
g

London or Toronto
Chase NatBk.NY; A Chic
Merchants' Trust Co Balt
Farmers L A T Co, N Y
Standard Trust Co N Y

Phlla Pa
do
do

Guar Tr A S D Co Phlla

Trust Co of America N Y
do
do
do
do
Apr 1 1928
do
do
Jan 1 1951
do
do
July 1 1951
do
do
Jan 1 1916-1935
71 Broadway New York
May 1 1941

Oct
Oct

1 1947
1 1951

o Apr 1
J July 1

1940
1924

Nat Bank of Comm N Y

DULUTH & IRON RANGE RR.—Owns Duluth to Ely, Minn., 117.22 m.;
Tower Jet. to Tower, 1.40 m.; Allen Jet. to Virginia, 25.31 m.; McKinley
to Eveleth, 8.83 m.; Waldo to Drummond, 15.02 m.; branches and spurs,
56.03 m.; trackage to Union Depot, Duluth, 0.80 m.; total, 224.61 miles.
Owns ore docks and yards on Lake Superior costing over $1,500,000.
STOCK, Ac.—Stock, auth., $10,000,000; out., $3,000,000.
Federal
Steel Co. (see U. S. Steel Corp.) owns the stock and $3,500,000 of the $4,500,000 2d mtge. bonds.
(V. 66, p. 1237.) First mtge. bonds auth., $25.000 per

mile for construction and $7,000 for equipment.

Dividends since

1904: 1905, 65%; 1906, 40%; 1907, 80%; 1908, 80%; In fiscal year 1908-09
145% paid from accumulated surplus.
EARNINGS—11 mos.,/1909-10
Gross, $8,996,184; net, $5,154,357

July 1 to May 31.
11908-09
Gross, 5,798,886; net, 3,465,798
ending June 30 1909, gross, $6,847,572; net, $3,931,946; other In¬
come. $108,496; Int., Acf, $1,251,569; bal., sur., $2,788,873.—(V.79,p.2085
DULUTH MISSABE & NORTHERN RY.—Owns from Duluth to Moun¬
tain Iron, Minn.,77.96 m.: branch from Alborn northwesterly to Buckeye
Mine, 53 m.: other branches and spurs, 150 77 miles: trackage to Union
Depot, Duluth, 2 m.; total, 283.63 m.
Also branch Duluth to Chisholm,.
Minn., about 84 m., opened June 1910.
Entire $4,112,500 stk. owned by
Lake Superior Consol. Iron Mines and so by U. S. Steel Corp. V. 72, p. 1038.
Of the general 5s of 1906, bonds are reserved to retire the underlying
bonds; additional bonds may be Issued at not over $30,000 per mile for ad¬
ditional single main track and $20,000 for second, third and fourth main
tracks and for not over 75% of the cost of equipment and Improvements.
Sinking fund of 2% yearly of outstanding bonds (lncl. bonds In s. f.) retires
bonds Dy lot at 105.
V. 88, p. 822.
In 1903-04 paid dividend of 150% from accumulated surplus and In Sept.
1905 70%; June 1906, 40%; Sept. 1907, 50%; June 1908, 60%; Dec. 1908,
40%; In fiscal year 1908-09 145% paid from accumulated surplus.
Year

EARNINGS.—11 mos.,

/1909-10

Gross, $11,762,818; net, $8,053,137

July 1 to May 31.
\l908-09
Gross,
8,323,773; net, 5,402,940
For year ending June 30 1909, gross, $10,022,565; net, $6,279,906; other
income, $358,969; Int., rentals, Ac., $916,985; bal., sur., $5,720,890.
In
gross, $9,365,249; net, $5,295,986.—(V. 90, p. 236, 1362.)
DULUTH RAINY LAKE & WINNIPEG RY.—See Duluth Winnipeg A
Pacific Ry, below*
DULUTH SOUTH SHORE & ATLANTIC RY.—Operates Duluth to
Saulte Ste. Marie, 415 miles; “Soo” Junction to St. Ignace, 43 miles; other,
135 miles; total, 593 miles, Including 7 miles of trackage.
CAPITAL STOCK.—Common stock is $12,000,000; pref., $10,000,000;
par, both $100.
Pref. stock Is 6% non-cum. Can. Pac. July 1 1909
owned $6,100,000 com. and $5,100,000 pref. stock, $3,000,000 Incomes
and
$15,107,000 consols.
BONDS, Ac.—Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has Interest at 4% guaranteed
by Can. Pac., which July 1 1909 held the entire outstanding Issue ($15,107,-

000) In its treasury as security for Its 4% debenture stock; consols for $4,893,000 are reserved for prior bonds, and additional amounts may be Issued
at $20,000 per mile of new lines.
Car trust 4 Hs of 1906, V. 82, p. 452. Due
Canadian Pacific Ry. June 30 1909 for guaranteed Interest advances,
$5,262,235; on general account, $2,988; unguar, car trusts. $236,213.
LATEST EARNINGS.—/1909-10
Gross, $2,999,166; net, $933,548
11 mos., July 1 to May 31. \ 1908-09
Gross, 2,449,854; net, 675,204
Deficit under charges, $76,469; against deficit $271,403 In 1908-09.

REPORT.—Report for year ending June 30 1909 In V. 89, p. 841.
Of the tonnage In 1908-09, ores furnished 38%, lumber, Ac., 26%.
Year—
Gross.
Oper. Inc. Other Inc. Charges. Bal.,Def.

$2,785,587 $544,086 $146,209 $891,742
$201,447
2,986,958
547,826
30,405
889,224
310,993
Fitch, Marquette, Mich.—(V. 89, p. 410, 814.)
DULUTH WINNIPEG & PACIFIC RY.—Owns entire $2,000,000 stock
of Duluth Rainy Lake A Winnipeg Ry., Virginia, Minn., north to the Cana¬
dian Northern at International Falls, 98 miles, giving that road access to
Duluth and Two Harbors at the head of the Great Lakes, and will build from
Virginia to Duluth, 73 miles (contract being let July 1910); also branches
and spurs for industrial and mining purposes and docks at Duluth, where
V. 87, p. 1605,
valuable sites for terminals have already been secured.
1664; V. 88, p. 563, 623, 882, 1252.
Incorp. in March 1909 with $6,000,1907-08
Pres., W. F.

000 auth. stock; par

$100.

Securities.—The first mtge. 4% deb. stock of 1910 is guar., p. A 1., by
the Canadian Northern Ry.
Of the $10,500,000 auth. Issue, $4,623,333
(£950,000) has been sold, $1,525,000 was Issued to retire existing securities,
$2 000,000 is reserved to retire the Duluth Rainy Lake A Winnipeg bonds
at maturity Jan. 1 1916 and the remaining $2,351,667 to be available for
further extensions, Ac.
On payment of the D. R. L. A W. bonds in 1916
its property will be transferred to the company, so that the deb. stock will
become a first charge on 173 miles, the D. R. L. AW. stock in the meantime
being vested with the trustees, the National Trust Co. of Toronto and the
British Empire Trust Co.
V. 90, p. 1490; V. 91, p. 154.
The Virginia A Rainy Lake Co., which formerly owned the D. R. L. A
V. 81, p. 558, 613, 1848;
W.. guarantees the Interest on the latter’s bonds.
V 82, p. 751; V. 84, p. 158; V. 85, p. 1518; V. 89, p. 1279.

EARNINGS.—Of Dul. Rainy Lake A Win. for year ending Dec. 31 1909,
$441,326; net over taxes, $143,379.—V. 90, p. 1490.
DUNKIRK ALLEGHENY VALLEY & PITTSBURGH RR.—Dunkirk,

gross,

N. Y., to Titusville, Pa., 90.51 miles.
Leased to New York Central A
Hudson River RR. for 501 years from Jan. 3 1873, rental providing Interest
bonds and 1H% yearly dividend on $1,300,000 stock, of which $1,179,275 owned by lessee Dec. 31 1909.
Operated by the Lake Shore A Mich.
Southern as agent for the lessee since Oct. 1 1901.
Bonds, $5,000,000
on

50-year 4 Hs to be authorized July 1 and Aug. 1 1910 are to be guaranteed
prln. and Int. by N. Y. C. A H. R. RR. V. 90, p. 1490, 848.—(V. 90, p.
1490).

DURHAM & SOUTH CAROLINA RR.—Durham, N. C., south 30 miles
the Seaboard Air Line.
Stock, $300,000; par, $100. Bonds,
Year ending June 30 1907, gross, $72,397; net, after taxes,
see table.
$20,258.
Pres., Ernest Williams, Lynchburg, Va.—(V. 90, p. 1424.)
to Bonsai on

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50

RAILWAY STOCKS AND BONDS.

RAILROAD COMPANIES
JFor abbreviations, Ac., see notes on first page]

Elmira & Williamsport—Stock

common

Miles
Road

73)4
73)4
73)4

5% rental NC

Preferred stock 7% rental 999 years Northern Cent
First M ext 1910
Income bonds 999 years to run
_c*
Erie ft Pittsburgh—Stock 7% rental 999 yrs Penn Co

Date
Bonds

$50
50
1860
1863

1.000

1890

1,000

83
83

Special guaranteed betterment stock $2,500,000
General mtge (now first) $4,500,000 gold guar--Un
Erie Railroad—Common stock $153,000,000 auth
Second pref stock 4% non-cum redeem at par
First pref stock 4% non-cum, redeem at pair

83

Par
Value

500
50
50
100
100
100

9091
A—Old Bonds Assumed—Roads Consolidated
N Y ft Erie 1st M Plerm to Dun ext 1897 gold.-c*
Second mortgage (extended In 1879) gold
c*
Third mortgage (extended In 1883) gold
c*
Fourth mortgage (extended in 1880) gold
c*
Fifth mortgage (extended in 1888) goldc*
Erie Ry 1st M Buff Br Hornellsv to Attica gold-.c*
First consol mtge $30,000,000 gold $ or £__F.c*c

;

NYLEdt West first

cons

mtge gold

c*

Buffalo N Y & Erie 1st M (Buffalo to Corning) --c*
Buff & S W 1st M g ext 1908 red 105 g
xc*

New burg & NY 1st M gold extended In 1889
c*
B—Bonds on Properties Controlled by Ownership
Bergen Co RR 1st M Ruth Jet to Ridgewood N J_.
Ch ft Erie 1st M g (Marlon O to Ham’d Ind) __Ce.c*
Chicago ft Atlantic Terminal first mortgage g. Ce
cGoshen ft Deck’t’n 1st ft 2d M’s ($60,000 are 2d)_
cMont ft Erie 1st ft 2d M’s ($40,500 are 2ds)
-

f

Jefferson 1st & 2d M’s ext In ’87 ft ’89(H’daleBr). c
1st M Carbond to S depot g ext in ’09 red 105FP.C*
Long Dock Co cons M g (now 1st M) (see text)
c*
cN Y ft Greenw L prior lien M $1,500,000 gold— N
bNew Jersey ft New York 1st M ext in 1910
c*
General mtge $1,200,000 (red 105 after 5 yrs) gold
N Y L E ft W C RR 1st M “lawful money’’._Mp.c*
N Y L E ft W D ft I Co 1st M (V 56 p 82).
F.c*
N Y Pa ft Ohio prior lien mtge gold $ or £
F.c*
Do
Leased lines—see separate statements for Cl
cN Y Susquehanna ft Western—Northern New Jers

.

—

•

.

•

—

Amount

Rate

When

Outstanding

%

Payable

$500,000
500,000
963,000
570,000
2,000.000
1,420,750

5
7

4
5
7
7

Last Dividend
and Maturity

ft N
ft
J
ft
J
ft
O
Q —M
M
Q
J
ft
J
g

M
J
J
A

—

S*

---

»

M
M
M
A
J
J
M

ft
ft
ft
ft
ft
ft
ft

M

ft

J
J
J

ft
ft
ft

tock,

N
S
S
O
D
J
S

Mch 1 1923
Oct 1 1920
June 1 1928

by (c)
O Apr 1
N May 1
J July 1

ft
ft
ft
ft
ft
ft
ft
ft
ft

on

Ry

do

do
do
do
do
do
do
do
do

do
do
do

Lease
50 Church St
do

1911
1982
1918

do

1928-1929
1926-1927

Various

J P Morgan ft Co N Y
do
do
do
do
do
do
do
do
do
do
do
do

May 1 1947
Sept 1 1919

or

J
A
A
M
M
J
M
J
M

do

do
do
Jan 1 1950
do
do
Oct 1 2862
June 10 ’10 1 H Union Trust Co New York
do
do
June 10 ’10 1 h
do
do
July 1 1940

J July 1 1918
J Jan 1 1929

ft
ft
ft
Various

Phlla

St Station

do

July 1 1931
Sept 1 1020
S Sept 1 1920
D June 1 1916

A
M
J

Places Where Interest and
Dividends are Payable

Broad

May 1910
July 1910

4,258,000
3)4
112,378,900
16,000,000 See text Seml-ann Apr 1907 2%
47,892.400 See text Seml-ann Apr 1907 2%

447
1847
4 g
1.000
2,482,000
5 g
447 1849
1,000
2,149,000
447 1853
1.000
4,617.000
4)4 g
475 1857
5 g
1,000
2,926,000
500 &c
475 1858
4 g
709,500
60 1861
200 ftc
4 g
182,400
526 1870
7 g
1,000 16,891,000
500 ftc
526 1878
3.699.500
7 g
140 1876
7
1,000
2,380.000
50 ftc
67
1877
3 g
1,500,000
12 1868
5 g
1,000
250,000
of En tire (*) or a Maj ority (b) of Capital S
10 1881
6
1,000
200,000
250 1890
5 g
1,000 12.OO0.OOO
1888
1,000
300,000
68-69
246.500
66-67
5
170.500
500 ftc
8 67-69
300,000 4H ft 6
37
1889
1,000
2,800,000
3 g
1885
6 g
1,000
7,500.000
100 ftc
52
1896
3 g
1,471,600
34 1880
500 ftc
5
400,000
500 ftc
1892
5
629,500
1882
6 cur
1,000
1,100,000
1883
6
1,000
3,396,000
500 ftc
422 1880
8,000.000
4)4 g
evelan d ft M ahonlng
Valley RR and Shar
ey—T loga R R—See e ach compan y
w

[Yol. lxxxxi.

J July 1 1927-29
O Apr 1 1919
O Oct 1 1935
N May 1 1946
N May 1 1940
J Jan 1 1933
N May 1 1922
J July 1 1913
S Mch 1 1935

New York
do
do

50 Church St New
Fidelity Trust Co
50 Church St New
J P Morgan ft Co.
do
do
do
do
do
do
do
do
do
do
do
do

York

Phlla
York

N Y

C—Erie Railroad Company B^nds

Second M

on

Buff * R ’v

i-t*

ioor.G.xo*

«7

1 RUS

1.000

DURHAM & SOUTHERN RR.—East Durham to Dunn. N.C.. 59 miles.

total, 61 miles.
Stock authorized,
outstanding, $600,000; par, $100.
Bonds, see table above.
In cal. year 1909, gross, $336,543; net, $205,109.
For year ending June 30
1908, gross, $251,698; net, $127,859; other receipts, $4,876; charges. In¬
cluding taxes, $38,255; dividends (6%), $36,000; balance, surplus, $58,481.
Pres., B. N. Duke, N. Y.; Sec., F. L. Fuller. Office, Durham, N. C.
Durham to

East Durham, 2 miles;

$1,000,000;

DURHAM UNION STATION CO —Owns

passenger

station at Durham

N. C., opened May 1 1905 and used by the Southern Ry., Seaboard Air Line

Ry., Norfolk & Western Ry. and Durham & Southern, which each own one-

fourth of $33,300 stock.
Lease provides for rental by several lines sufficient
to pay lnt. and other charges.
Pres., H. W. Miller; Sec., G. N. Freeman.

EAST BROAD TOP RR. & COAL CO. (Pa.)—Owns from Mount Union,
Pa., to Woodvale, Pa., 31.13 miles; Orblsonla to Groves, 1.70 m.; Booker
Jet. to Booker, 2.36 m.; operates Shade Gan RR., 4.77 m., and Rocky RR.,
4.93 m.; total, 44.89 m. See V. 75, p. 77. A coal road opened In 1874.
Stock, $815,589 (par $50), of which $247,189 Is 6% non-cum. pref. First
mtge. 4s ($500,000) extended In 1908 to Jan. 1 1958. Second mtge. 4%
Income bonds, $466,705, due Jan. 1958, given In 1908 for back Interest
from 1885.
Car trusts, $42,000; lnt., 6%, payable J.-D.
Year 1908-09,
gross, $180,659; net, $82,622; other Income, $10,511; Interest on bonds,
ftc., $22,520; balance, surplus, $70,613.
Pres., R. S. Siebert, Orblsonla,
Pa.
Office, 406 Lafayette Building, Philadelphia.—(V. 77, p. 145.)
EAST MAHANOY RR.—Owns from East Mahanoy Junction to St.
Nicholas and branches, 11 miles; 2d track, 2.10 m.; total track, 19.70 m.
Re-leased Dec. 1 1896 for 999 years to Little Schuylkill Nav. RR. ft Coal Co.
at 5% on stock, and lease assigned to Phlla. ft Reading Ry.
Of the stock
$280,000 was deposited by Reading Co. under Its general mortgage.

EAST PENNSYLVANIA RR.—Owns Reading, Pa., to Allentown, Pa.,
35.38 miles; 2d track, 27.17 m.; all track, 87.50 miles. Leased for 999 years
from May 1 1869 to the Phlla. 8s Reading RR. at a rental of 6% per annum
Lease assumed In 1896 by the
on the stock and interest on the bonds.
Phlla 8s Read. Railway Co.
Of the stock, $1.096,700 wasowned by Read¬
ing Co. June 30 1909, $1,092,850 being deposited under gen. mtge. of 1897.
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.—A narrow-

gauge road from Johnson City, Tenn., to Cranberry, N. C., 34 miles.
Ex¬
tension from Johnson City to Hampton, Tenn., 15 m.. was completed as
third rail In Dec. 1906.
Stock, $501,900.
Controlled by the Cranberry
Iron 8s Coal Co.
For year ending June 30 1909, gross, $222,177; net,
$105,706; other Income, $3,907; lnt., taxes, 8sc., 33,697; bal., sur., $75,915.
Dividend (4%), $20,076, paid out of accumulated surplus.
Pres.,
F. P. Howe, Philadelphia, Pa.—(V. 82, p. 333, 1379.)

EASTERN KENTUCKY RY.—Riverton to Webbville, Ky., 36 m. Stock,
$1,697,800; preferred, $1,779,500; par, $100.
No bonds.
Bills
payable and car trusts June 30 1908, $51,008. Year 1907-08, gross, $50,399; net after taxes, $421.—(V. 90, p. 1362.)
common,

EL PASO & NORTHEASTERN CO.—Owns the El Paso 8s Northeastern
Ry., from El Paso, Texas, northeast 165 miles, to the Salado coal fields;
oontrols and operates El Paso 8s Rock Island Ry., Carrlzosa to Santa Rosa,
128 m.; Alamagordo 8s Sacramento Mtn. Ry., Alamagordo. N. M., to
Russia, 31 m.; Dawson Ry., Liberty, N. M,, to Dawson, 133 m.; total, 457
miles. Name changed from New Mexico Ry. 8s Coal Co. In 1905. Operated
as eastern dlv'n of El Paso 8s Southw’n Co., lessee, the western dlv’n being
the El Paso 8s Southwestern RR., El Paso, Tex., to Benson, Arlz., with brs.
The El Paso 8s Rock Island Ry. was Incorporated In 1902 with $2,500,000
stock (of which 60% owned by the El Paso 8s Northeastern Co.) and,
$2,500,000 5% guaranteed 50-year bonds.
It has close traffic agreement
with Chic. Rock Island 8s Pacific for 999 years.
V. 71. p. 1219.
The Dawson Railway 8s Coal Co., stock $3,000,000, has Issued $3,000,000
oollateral trust bonds, which are guaranteed, principal and Interest, and are
secured by the stock and bonds ($3,000,000 each) of the Dawspn Ry., and
those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
25,000 acres of coal, mineral and timber lands, being sold In 1905 to the
6tag Canon Fuel Co. V. 73, p. 900; V. 74, p. 776; V. 87, p. 1604.1536.
STOCK.—Stock, $12,000,000, all of one ciass.
In May 1905 Phelps,
Dodge 8s Co. Interests, It Is understood, acquired entire stock of system.
BONDS.—“-The New Mexico Ry. 8s Coal Co. coll, trust 5s of 1897 are
secured by the stock and bonds of El Paso ft N. E. Ry. of New Mex. ($2.700,000 of each) the stock of the El Paso 8s 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 coll, trust 5s of 1901, $3,000,000
are reserved to retire the coll, trust 5s of 1897 and $2,000,000 are
applicable
for Improvements and new equipment.
V. 74, p. 776.
The bonds of the Alamagordo ft Sacramento Mtn. Ry., of the El Paso ft
Rock Island and those of the Dawson Ry. ft Coal Co. are guaranteed.
,

EARNINGS.—11 mos., (1909-10

July 1 to May 31.

Gross,

6,769,954; net,

2,729,807

\1908-09
Gross, 6,645,602; net, 2,791,704
REPORT.—For year ending June 30 1909, of entire EJ Paso ft South¬
western system (866 miles), gross. $7,274,014; net, $2,384,905.
N. Y.
Office, 99 John St.—(V. 81, p. 508; V. 87, p. 1605.)
EL PASO UNION PASSENGER DEPOT.—Owns depot at El Paso, Tex.
which was completed about Nov. 1 1905.
Leased by El Paso Northeastern
El Paso Southwestern, Galveston Harrisburg ft San Antonio (So. Pac. Sys )'
Atch. Top. 8s Santa Fe, Tex. ft Pac. and Mex. Cent, railroads on a wheelage
basis providing for maintenance and all charges.
Stock. $240,000 owned

equally by the six roads named.
Of the bonds (see table above), $12,000
mature Jan. 1 yearly beginning 1916. V. 78, p. 104; V. 81, p. 1043.
Pres..
J. E. Hurley; Sec., W. R. Martin; Treas., U. S. Stewart.—(V. 82, p. 1496.
ELGIN JOLIET & EASTERN RY.—Owns from Waukegan. Ill., on Lake
Michigan, via Spaulding and Joliet, to Porter, Ind., 129.94 miles, and
branches Normantown to Aurora, 9.65 miles—Walker to Coster, Ill.—33.30
miles; Hammond to Whiting, Ind., ftc., 16.39 miles: Rockdale Jet. to Rock¬




1.000,000

5 g

J

ft

J

50 Church St

July 1 1918

New York

dale, 6.57 miles; total main line owned, 195.85 miles; spurs to coal mines,
ftc., 36.24 miles; trackage, Chic. ft West. Ind., 4.8 m.; Belt Ry. of Chicago.
2.05 m.; 2d track, 29.91 m.; sidetracks and yards owned, 118.81 m.; total
track operated, 387.66 miles.
Also leases Chic. L. S. ft East, for 60 years
from June 1 1909 and with the U. S. Steel Corp. guarantees its $9,000,000
4 H% bonds, p. 8b 1.
V. 88, p. 1372; V. 89, p. 1410.
Owned by Federal
Steel Co. and so by U. S. Steel Corp.

STOCK.—$10,000,000, as Increased
from $6,000,000 in June 1909;
par, $100.
DIv., 4% yearly (In Dec.) in 1899 to 1909.
EARNINGS.—11 mos. J1909-10
Gross, $8,539,262; net, $3,162,312
July 1 to May 31.
\1908-09
Gross, 6,188,237; net, 2,316,449
Mileage In 1909-10, 780 miles (lncl. C. L. S. & E.. against 742 In 1908-09.)
Year end. June 30.
Gross.
Net.
Other Inc. Int., Ac.
Surplus.
1908-09
$2,954,969
$1,008,203
$183,113
$623,663 $567,653
1907-08
2,389,862
730,401
179,052
468,126
441,318
Dividends (4%), $240,000.
Pres., A. F. Banks.—V. 89, p. 1410.)

ELIZABETHTOWN TERMINAL RR.—Under construction May 1910
Westport, N. Y., on the Delaware & Hudson to Elizabethtown, 8 m.
Stock, $80,000; par $100.
Bonds ($150,000 auth.) are subject to call at
105 on and after April 1915.
V. 90, p. 1362. Pres., G. W. Jenkins,
Elizabethtown, N. Y.—(V. 90, p. 1362.)
ELMIRA & LAKE ONTARIO RR.—Owns from Canandaigua, N. Y.. to
Chemung Jet., 64 m.; Sodus Point to Stanley, 34 m.; other, 2—total, 100 m.
Leased at cost of operating to the Northern Central, which owns all the
$1,500,000 stock. Lease may be terminated on 30 days' notice.
Cal. Year—
Gross.
Net.
Int., Ac.
Balance.
$1,128,053
def .,$150,114
$34,712
$185,158
1908
1,055,139
66,897
191,030
def. 124,133
ELMIRA & WILLIAMSPORT RR.—Owns from Williamsport. Pa., to
Elmira, N. Y., 73.49 miles.
Leased to the North. Cent. Ry. for 999 years
from May 1 1863.
The dlvs. on the com. stock are 5% and on the pref. 7%,
less taxes, making dlv. on com. 4.54% and on pref. 6.40%.
The $963,000
1st 6s due Jan. 1 1910 were extended to Jan. 1 1950 at 4%.
V. 89. p. 1667.
Cal. year 1909, gross, $1,758,798; net, $391,761; rental, $149,280.—(V. 89,
p. 1667.)
ENID OCHILTREE & WESTERN RR.—Owns from Dalhart, Tex., east
35 miles. Completed March 1910 part of 113 miles projected from Ochiltree,
Tex., to Dalhart.
Stock auth., $500,000.
Stockholders were on Feb. 8
1910 to auth. a mtge. to secure 30-year 6% bonds at not exceeding $15,000
per m. V. 90, p. 447.
Pres., Geo. M. Peary; Treas., W. B. Slaughter.—
(V. 90, p. 447.)
ERIE & PITTSBURGH RR.—Owns New Castle, Pa., to Girard, Pa.,
79.56 miles: branch to Erie docks, 3.41 m.; trackage to Erie, 16.74 m.; total
operated, 99.71 miles. Leased to Penn. RR. for 999 years In 1870 at 7%
from

on stock and interest on bonds, and lease transferred to Penn. Co.
Under
agreement of Nov. 1 1905 the Penn. RR. will provide sinking fund install¬
ments required by the gen. mtge., the E. & P. to deliver its 3 )4% debentures
at par for such advances and at maturity of the gen. mtge. bonds to ex¬

change new mtge. bonds therefor.
Debentures Jan. 1 1910 $234,843.
STOCK.—The special betterment stock ($2,500,000 auth.) Is subordinate
to the old stock, but guaranteed 7% dividends.
Dividends on old stock
are subject to a 4-mlll tax on assessed valuation; on special betterment, taxfree.

EARNINGS.—The profit to the lessees In 1906 was $475,744; in 1907,
$634,366; in 1908, $90,476; 1909, $231,443.—(V. 84, p. 749.)
ERIE RAILROAD.—(See Map on adjoining page.)—Embraces trunk¬
line from Jersey City, opposite N. Y. City, to Chicago, Ill., 998 m., and
branches. 1,397 m.; total, 2,395 m.; second track, 895 m.; 3d and 4th tracks.
33 miles; total, all tracks, 3,323 miles.
Leased lines—
Miles
Lines owned in fee—
Miles.
*13
Plermont, N. Y.. to Dunkirk-- 447 Avon Gen. ft Mt. Morris
Buffalo to Jamestown, N. Y-_
67 Montgomery & Erie
*10
Northern
RR.
of
N.
Buffalo to Coming, N. Y
J
*26
140
—

Goshen & Deckertown
Rochester & Genessee Valley.
*250 Other lines
Leased to Nypano RR.
*45
k

Other branches
144
Stock all (a) or nearly all (b) owned.

aChlcago & Erie RR
a Jefferson RR

*12
-

*18
46

52
38

|Cleve. ft Mahoning Valley RR_ *81
|Sharon Railway
*82
RR_
59 j Other lines
Wyoming Valley RR—
54
aNypano RR
*4221 Trackage
221
bTioga RR
58 |
—
Other lines-j
157|Lines In system June 30 '09
2,395
♦See this company.
|N. Y. Susquehanna & West
*236
HISTORY.—On Dec. 1 1895 succeeded, per plan in V. 61, p. 368, the
N. Y. Lake Erie ft Western RR Co., sold in foreclosure under Its 2d con¬
solidated mtge.
The company holds In fee or through ownership of all
or practically all the stock of the Independent companies the line from
New York to Chicago (Including the Nypano RR. and Chic. & Erie com¬
panies) and also all subsidiary lines except a few small properties
COAL AND STEAMBOAT PROPERTY.^—The Erie coal properties rep¬
resent an aggregate of 12,400 acres of anthracite, of which about 9,000 acres
are held In fee; also 53,000 acres of bituminous coal lands held In fee, 14,000
acres of bituminous held under mineral rights.
Its coal tonnage In the
year 1908-09 aggregated 16,843,417 out of the 32,797,205 tons hauled.
The Union Steamboat Line (merged In Erie RR. Co. June 30 1896), has
terminal, ftc., properties In Buffalo and 8 lake steamers. See V. 63, p. 514.
The Penn, coal properties acquired In 1901 are additional.
V. 82,p.1322.
STOCK.—The voting trust was dissolved May 1 1904.
V. 78, p. 1549.
The prior lien and the general lien bonds of 1895 have 10 votes for each $1,N. Y. & Greenwood Lake RR.

bNew Jersey & New York

Erie ft

,

000 of

principal, their authorized issues aggregating $175,000,000, of which

$80,342,000 Issued In July 1909.
Provisions of preferred stock were In
"SuDDlement” of April 1897, page 3.
V. 66, p. 335, 573.
DIVIDENDS (cash) % j '01. '02. ’03. '04. ’05. ’06.
1907. '08. '09
On first preferred
3)44
4
4
) 1)43
Apr., 2 0
0
On second preferred
j
2
4
Apr., 2 0
0
__

__

BONDS.

KSAATILONWCKDY
19 0.]

July,




52

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac..

page]

Miles
Road

Erie Railroad— (Concluded)—

Prior Hen bonds 535,000,000 sold
F.c*&r
General lien 3140.000,000 gold
c*&r
Penn ooll trust M 536.000,000 gsf (text) .Me.c&r
First conv mtge 560.000,000 gold Series A—S c*&r
do
do
do
Series B
Coll tr g notes 316,000,000 red par
Ba.xc*
Brie & Jersey notes secured by E & J bonds
Various car trusts outstanding June 30 1909
Avon Geneseo & Mt Morris and Rochester & Genes

Evansville & Ind— 1st M gold

guar

Cons M (52,500,000) g gu p & 1 (end)

1895
•

^

_

1895
1901
1903
1905
1908
1907

•

„

.

.

Evansville & Terre Haute—Common stock
Preferred stock non-cumulatlve (see text)
First consolidated mortgage gold
Mount Vernon Branch mortgage gold

.

51.000 535,000.000
1,000 35,885,000
iooo&c
34,000.000
1,000 &c 10.000.000
1,000 &t 11,015.000
1,000 &c 13.984.000
3,000,000

-

4_jr
4 g
4 g
6 g
8

J
J
F
A
A
A

-

-

...

...

.

.

.

.

.

.

.

.

...

.

.

.

«...

_

...

....

...

f

1909

100

1 MII7

10,000

BONDS.—The new first consolidated mtge. Is for 5175,000.000 (Farmers’
Loan & Trust Co., trustee)—see abstract of deed V. 62, p. 89, and secures

535,000,000 prior lien and 5140,000,000 general lien bonds.
Both series
have voting power; see “Stock” above.
Of the 5140,000,000 oeneral lien bonds, 592,073.000 were reserved for the
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list V. 62, p. 89), and 517,000,000 were
reserved for new construction, betterments, additions, &c., after 1897,
not over 51,000.000 to be used In any one year.
The position of the first consolidated mortgage Is substantially as follows:
It Is a first lien (mortgage or collateral, the prior lien bonds, however, pre¬
ceding the general lien bonds) upon the cors chief coal properties (except
Penn. Coal Co.) upon Its water transportation lines (Including valuable ter¬
minal 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 upon the railroads leading to all the coal proper¬
ties, upon the terminals at Jersey City, upon the Buffalo N. Y. & Erie RR.
(the main line to Buffalo), 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 Plermont ana Dunkirk (447 miles).
The collateral trust 4s of 1901 are secured by 51% of the entire N. Y.

Susq. & Western stock (326.000,000 total Issue), all of the Pennsylvania

Coal Co stock, and the stock of the Erie & Wyoming Valley RR.. Scranton,
Pa., to Lackawaxen, 65 miles, and Delaware Valley & Kingston RR.
A
sink, fund of 10c. per ton of coal sold purchases bonds at not exceeding 105.
otherwise to be applied to the drawing of bonds by lot, all such bonds to be

kept alive and the accruing lnt. thereon to be added to the sinking fund,
which. It is estimated, will be sufficient to retire the whole Issue at or before
maturity. V. 71, p. 1219,1311; V. 72, p. 44, and circular, p. 136, 532. ^57.
V. 79, p. 212.
In 1901-09 53.139,000 Included above as outstanding was
purchased by the sinking fund.
The conv. 4s of 1903 (550,000,000 authorize*, issue) will be Issued from
time to time as required and may be made convertible Into com. stock at a
price to be fixed when the bonds are Issued, but not less than 541H per
share; they will cover all the company's property subject to underlying liens.
The first 510,000,000 (series A) Issued for Improvements and equipment Is
convertible on basis of 5100 bonds for 5200 stock to April 1 1915.
Series B bonds for 512,000,000 are convertible Into common stock at
360 per share at any time since Oct. 1 1907 and before Oct. I 1917.
V. 76,
p. 382, 541; V. 78, p. 768; V. 79, p. 2205; V. 84. p. 270.
The Erie & Jersey RR., with 3600,000 auth. stock, completed In Jan. 1909
low-grade cut-off from Highland Mills, via Campbell Hall, to Guymard,
N. Y., about 40 miles.
In June 1907 53,000,000 3-year Erie & Jersey 6%
notes were sold, secured by 54,000,000 E. & J. bonds (auth. issue 510,000,000 1st 50-year 48).
V. 80, p. 2621; V. 84, p. 693, 1366; V. 87, p. 1160.

a

In June 1907 the Genesee River RR. was authorized to make 56,000,000

mortgage covering road from Hunts to Cuba, N. Y., 30 miles, completed
July 1910. A loan of 52,000,000 due 1910 was obtained, secured by Its bonds.
V.L84. p. 1366, 1488; V. 81, p. 777.
The Issue of 510,500,000 of the 6% 3-year collateral gold notes authorized
In 1908 (of which 538,000 were later retired by the sale of part of the collat¬
eral) had as collateral security In May 1909 the following: 39,457,000 Erie
RR. Co. “general lien” bonds (additional to the 535,885.000 shown above as

outstanding); 5985,000 Erie RR. Co. “convertible bonds, Series “B“;
3567,906 Mutual Terminal Co. of Buffalo first mtge. bonds; 5336,000 Erie
RR. Co. Pennsylvania collateral bonds; 51,338,063 Hocking Valley Ry.
Co. com. stock; 5145,700 Temple Iron Co. capital stock; 3101,840 Lehigh
& Hudson River Ry. Co. capital stock; 55,000,000 Interest obligations
and coupons of Erie RR. system, purchased from holders during 1908-09.
In May 1909 33,522,000 of the remainder of the aforesaid notes was sold
for cash and arrangements made under which 51.027,000 further coupons
and interest obligations maturing on or before July 1 1909 were purchased
and deposited thereunder, as well as 51.000,000 additional general lien
bonds which the company Is entitled to Issue annually for additions and
betterments and 5409,000 car trust certificates.
V. 86, p. 856, 917, 1466;
V. 87, p. 37; V. 89, p. 1085, 1086.
Car Trust Series, Gold (Denomination 51.000 each.)
Date.
Interest.
Outstandtna.
Mature in Installments.

4.200.000 Dec. '10-June '16

See text

1910

350,000

5

J

&

200,000

ft g

M

300,000

6

A

&
&

merely purchased.

s.-a.

621,000 Nov'10-Nov.'16
47,000 s.-a.
406,000 Feb.'11-Feb.'17
29,000 s.-a.
J&J
To July 1917
1,498,000
107,000 s.-a
J&J
406,000
To July 1917
29,000 s.-a.
A&O 2.280,000 Oct. '10-Oct. '17
152,000 s.-a.
A&O
750,000
To Oct. 1917
50,000 s.-a.
Q.-F.
To Aug. 1912
233.419
and “L” in New York; Series “H“ at Girard Trust
Co., Philadelphia; Series “I” at Penn. Co. for Insuranceson Lives, &c.,
Philadelphia; Series “K” at National Bank of Commeice, New York;
Series “M” ac Girard Trust Co., Philadelphia; Series “N“ at First National
Bank.New York; Series “O” at Central Trust Co., New York.
In Feb. 1909 plans for refunding the maturing principal of car trusts
were under consideration.
V. 88, p. 882.
Long Dock 6s. see March 1894 “Supplement.” under N. Y. L. E. & W.
FINANCES.—During the year ending June 30 1909
company an¬
nounced that various coupons (aggregating about $5,u0Tfl)00) woul ’ be
purchased on presentation to J. P. Morgan & Co. In order to leave the
Coupons due July 1 1909.
company funds for improvements and additions.
to a total of 31.000,000 were also
purchased (V. 88* p. 1620), and 53,522,000 of the remaining 34,500,000 of the 15 million note Issue of 1908
was sold, secured In part by these coupons.
The Improvement In the finan¬
cial outlook has led the management to abandon, at least for the present,
the Issuance of any of the 530,000,000 bonds which were to be used to take
up the aforesaid note Issue and to fund the 311.380,000 coupons maturing
years ending
expected that In future these coupons will be paid.

J

LXXXXI

Places Where Interest and
Dividends are Payable

New York and London
50 Church St, New York
do
do
do
do

Bankers’ Trust Co N Y
do
do
Jan 1 1926
Nov 1 1909 4% Checks mailed
Checks
mailed
Apr 15 1910 2 H
Bankers’ Trust Co N Y
July 1 1921
do
do
Apr 11923
do
do
Apr 1 1930
do
do
Apr 1 1942
Feb ’11-Feb '16 Blair & Co New York
do
do
Feb '11-Feb ’IP
July 1 *10 1 M % Office, Boston & Me Bost
Office FltchburgRR.Bost
Feb 1 1937
do
do
Junel 1920
do
do
•May 1 1914
do
do
1915 and 1916
do
do
1927-1928
do
do
Oct 1 1920-21
do
do
Apr 11927
do
do
May 1 1925
do
do
May 1 1928
do
do
July 1 1924
do
do
Dec 1 1911
do
do
May 1 1923

July 1 1924

July 1 1937

Owned by All B & C’stCo

July 1 1959

Carnegie Trust Co, N Y

N N«

V

1

1 MlII- 14

Bank of Thomasvllle Ga

O Apr 1 1940

V. 89, p. 1086; V. 87, p. 1245; V. 88, p. 504, 853,

882, 1061, 1127.
Bergen Hill cut was opened June 12 1910; also cut-off
from Hunts to Cuba, N. Y., 30 miles, in July 1910.
V. 90, p. 1613.
EARNINGS.—11 mos.J 1909-10..Gross, 550,197,300; net, 514,146,806

July 1 to May 31.

(1908-09..Gross,

46,020,294; net,

12,091,293

ANNUAL REPORT.—Fiscal year ends June 30.
Report for 1908-09
given at length in V. 89, p. 1064, 1083; editorial, p. 1040.
1908-09.
Inc. or Dec.
1907-08.
Miles operated
2,231
2,171
+60
Gross earnings.
..550,441,162 549,784,236
+5656,926
Working expenses
36,904,285
41,031,696 —4,127,411
Net earnings
Interest on securities
Rents, &c., received

513,536.876
32,537,451
738,552

58,752,540 +54,784,336
3664,290 +51,873,161
2,252,208 —1,513,656

Total net income
516,812,879 511.669,038
Interest on bonds
^
39,669,733
59,662,561
Interest on collateral notes
520,327
Rentals of leased lines
983.587
984,753
Hire of equip’t and Joint facilities._
820,399
1,179,051
Interest on car trusts
722,643
733,164
Penn. Coal Co. sinking fund and misc
779,373
1,102,104
Additions t.-id Improvements
575,804
381,927

Balance, surplus or deficit

sur.*2,565,717def.2,199,226

+55.143,841
+57,172
+ 520,327
—1,166
+358,652
+ 10,521
—322,731
—193,877

+4,764,943

*

In addition to 51,199,646 income from dividends on stocks owned or
controlled, 5945,000, was received from earnings of coal companies In pay¬
ment of advances with Interest.
The principal of this debt was credited
to capital account and the interest to profit and loss.

OFFICERS.—Pres., F. D. Underwood; V.-P. and Gen. Solicitor, G. F.
Brownell; V.-P., G. A. Richardson; Sec., David Bosman; Treas., D. W.
Blgoney; Aud., C. P. Crawford, 50 Church St., New York.
DIRECTORS.—Chas. Steele. J. J. Goodwin, John G.
McCullough,
Ogden Mills, F. D. Underwood. G. A. Richardson, Francis Lynde Stetson,
Geo. F. Baker, Norman B. Ream, Charles A. Peabody, E. H. Gary, Geo.
W. Perkins, R. S. Lovett, L. F. Loree, Wm. P. Hamilton.—(V. 89, p 41,
224, 286, 1064, 1083, 1410; V. 90, p. 303, 1362, 1425, 1613.)
EVANSVILLE & INDIANAPOLIS RR.—Owns Evansville to Terre
Haute, Ind., (via Worthington) 134 m.; leases branch. 12 m. A consolida¬
tion In 1885.
Of the consols, 5647,000 are held to meet lsts due 1924. The
consols and the bonds of 1924 are guaranteeu by Evans. & Terre Haute,
which owns capital stock, 52,000,000.
Company owns no equipment.
In 1906-07, gross, 5439,356; net, 5128,617; interest, taxes, &c., 5195,553;
balance, deficit for year, 566.936.—(V. 75, p. 980; V. 89, p. 103, 410.)
EVANSVILLE & TERRE HAUTE RR.—(See Maps St. Louis A S. F.)—
Road owned and operated.
Miles. \
Controlled and operated.
Miles.
Evansville to Terre Haute
109 | Evansville & Indianapolis, EvBranches to Mt. Vernon. &c
501
to
Haute
via
ansvllle
Terre
Evansville Belt (stock held)
51
Worthington, &c
146
Total In earnings
310
Leased to other companies Rockville extension
23
Chic. & East. Illinois owns 53,186,450 of the com. stock.
V. 81, p. 1242.
DIVS.— ’94 t95. ’96. ’97. ’98. '99. ’00. ’01. ’02-’05. ’06 to ’09. 1910.
Com__%
2
3
1H None.
4 yearly
Pref_.%
1
1
2 4H 5
5
5 yearly 5 yearly Apr.,2H
On preferred 5% declared, 2
paid Oct. 15 1909 and 2H% April 15 ’10.
BONDS, GUARANTIES, &c.—Evansville & Indianapolis bonds are
guaranteed.
See that company.
General mortgage 5s for 53,855,000 are
held in trust to retire the prior bonds and car trusts at maturity.
EARNINGS.—11 mos.,f 1909-10
Gross, 52,259,233; net, 5868,503
Gross, 1,937,316; net, 717,151
July 1 to May 31.
11908-09
REPORT.—For 1908-09 In V. 89, p. 1220. Results Include Ev. & Ind.
Year ending June 30—
1908-09,
1907-08.
Inc. or Dec.
....

....

...52,093,997

52,204,069

—5110,072

Total net Income
Interest and rentals

777,874
602,758

991,160
592,048

—213,286
+10,710

Dividend on preferred (5%)
Dividend on common (4%)

159,326

Operating revenue-.^
Operating Income after taxes

M&N
A&O

and general lien bonds during the five

not

Last Dividend
and Maturity

&
J Jan 1 1996
&
J Jan 1 1996
& A Feb 1 1951
& O Apr 11953
&
O Apr 11953
& 08 Apr 8 1911
Dio 1 1910

...

—




4 g
4 g

.

59
Florida Ry—First mortgage 54,000,000
Ca
4?
Florida Central—Mtge 5200,000 gold (see text)
47
Third mortgage
Florida Central & Peninsular—See Seaboard Air Lint Ry

the prior lien bonds
June 30 1914, and It is

Payable

.

Bonds, not mortgage 52,400,000
..c&r
Troy & Boston first mortgage (V 53 p 405)....c&r

on

When

%

...

Bonds to State of Mass 4% since Feb 1897
r
Bonds not mortgage
c&r
Bonds not mortgage
c*
Bonds not mortgage (51,359.000 due 1915)
c*
Bonds not mortgage (52,750,000 are 4s of ’97) - _ c &r
Bonds not mortgage (51.775,000 are 3 Hs of ’01)c&r
Bonds not mortgage 52,000,000 authorized—c*&r
Bonds not mortgage 53,660,000currency
c&r

J&D

Rate

Val ley Sto cks—See those Comp antes
55 1884
1,000
647,000
6 g
J
J
&
135 1886
1,000
6 g
1,853,000
&
J
J
50
4
In
1909
3.987,383
Yearly
50
1.283.333 5 In 1909 A & 0
144 1881
6 g
1,000
3,000.000
&
J
J
25 1883
1,000
6 g
A
375.000
& o
1890
1,000
5 g
A
450,000
&
o
199 1892
1,000
8 g
A
3.145.000
& o
1905
1,000
180,000
& A
4H g F
1906
1,000
660,000
4H e F & A
too
5
18,460.000
Q— J
1887
1,000
4
5,000.000
M
& N
1890 1,000 &c
4
&
500,000
J
D
1894
1,000
500,000
M
& N
4)4
’95-96
1,000
4
1,859,000
Various
’97-98 1,000 &c
4
4,200,000
Various
’00-01 1,000 &<
3H
2,275.000
A
&
O
1907 1,000 &c
4
2,000,000
A
&
O
1905 1,000 &c
4
3,660.000
M & N
1908 1,000 &c
2,400,000
M & N
4K
35 1874 1,000 &c
7
J
&
573,000
J
1891
5
1,000
& D
100,000
J
1903 1,000 &c
3H
772,000
M & N
30 1907
1,000
6 g
150,000
J
&
J
„

Ta
F.c*
--F.c*
Sullivan Co Coal Branch mortgage gold
F.c*
First general mortgage for 57,000,000 gold
F c*
Equip bonds Series B due 520,000 s-a
— Ba
do
Series C due 560,000 s-a (V 82 p 627) .Ba
Fitchburg—Preferred 5% rental—

-I”
.1905 4
"J”_.
1906 4
"K”
1907 4H
**L”
1907 5
‘*M»*
1907 5
“N”
1907 5
•‘O'*
1907 5
"P”
5
Interest paid: “J”

Amount

Outstanding

662^922

ee

F.c*
E&TH.F.c*

Brookline & Pepperell plain bonds guar (end)
c
Vermont & Massachusetts plain bonds guar
c&r
Fitzgerald Ocilla & Broxton—1st M 5300,000 g red 110
Flint St Pere Marouette—SeePere Marnuette statemen

«

Par
Value

Date
Bonds

[VOL.

Balance

661,891

61,197

710,068

—48,177

61,197

159,326

def.545,407sur.5178,589

—5223.996

Chairman Exec. Comm., B. F. Yoakum, N. Y.; Pres., B. L. Wlnchell;
Vioe-Pres., C. W. Hillard, N. Y.; Sec. & Treas., Gilbert S. Wright, Evans¬
ville, Ind.—(V. 87, p. 1155, 1220.)
FITCHBURG RR.—System extends from Boston, Mass., to Troy and
Rotterdam, N. Y., 251 miles: branches to Worcester, Bellows Falls, &c.,
207 m.; 458 m. In all. of which 59 m. (Fitchburg to Greenfield) leased from
Vermont & Mass, and 5 m. other cos.; second track 199 m.
V. 84, p. 1366.
LEASE.—Leased for 99 years from July 1 1900 to Boston & Maine for 5%
on pref. and 1% on com. stock, payable quarterly (Jan. 1, &c.), organiza¬
tion expenses, interest on bonds, taxes, expenses of maintenance, &c.
The
Boston & Maine holds 55,454,550 of the 57,000,000 com. stock, purchased
with proceeds of its 3% bonds at 90, the remainder being in the treasury.
V. 70. p. 76, 125, 176, 583, 1291; V. 71, p. 29. 543: V. 72. p. 532.
BONDS., &c.—Debentures, see V. 60, p. 967; V. 84, p. 158, 270.
On
Jan. 12 1910 5550,000 pref. stock was sold, Increasing amount out. to 518,V. 89, p. 778, 1542; V. 90, p. 109, 167.—(V. 90, p. 167 )
460,000.

FITZGERALD OCILLA & BROXTON RR.—Owns Broxton to Ocilla,
branch to Fitzgerald. 5 m.; leases Ocilla to Irwlnville,
1551. Stock, 5300,000, all outstanding; par, 5100,
three-fourths,
together with all the 5150,000 outstanding bonds,
of which
are owned by the Atlanta Birm. & Coast Co., the construction company or
the Atlanta Blrm. & Atlantic RR.
V. 89, p. 41.
Ga.. 25 miles, with
10 m.
V. 84, p.

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

MUes
Road

Florida East Coast—1st M $12.000.000gold Ba.xc*r*
General Income M 5% non-cum 125,000,000...
Florida West Shore—See Seaboard Air Line.
Fonda Johnstown A Gloversville—Cons M 3500,000.c
First consol refunding mtge $700,000 gold
N.c*
General refund mtge $1,500,000 (V 71 p 34)_.N.c*
Johnstown G A Klngsboro first mortgage assumed
Cayadutta Elec 1st M guar p A l by F J A G gold-. 1
First cons gen ref M $7,000,000 g red 120... N.c*A

619

1881
1897
1900
1893
1892
1902

163

1907

163

1907
1904

98

<

do

do

do

not guaranteed

New mortgage, $10,000,000 to be auth
Galveston Houston & Hend of 1882—First M__jV
Galveston Terminal—1st M $5,000,000 autb gu (t
Garden City Gulf & Nor—1st M $15,000 per mile
Genesee & Wyoming RR—First M gold $500,000
Geneva Corning & Son—Common stock, guar...
Preferred stock, guaranteed

F xc*

Georgia & Alabama—Georgia Carolina & N

Amount

Rate

When

Outstanding

%

Payable

100

Ac
1,000
1,000
1,000
1,000
1,000

1.000
100

100
100

1,000

1 8K3

1,000
1,000
1,000
1.000
£
£

or
or

16
•

1909
1899

1,000

1,000
1,000

••

284
Text

1906
1907
1905
1907
1904
1896

4*

4,756,000

1,000
1,000

1.732.000
1,650.000

Gross, $3,402,444; net, $1,393,188
3,070,805; net,

Gross Earnings for Fiscal Years ending June 30.
1908.
1907.
1906.

600,900

500 Ac

and Eastern Florida and thence to Cuba for the Atlantic Coast Line, South¬
ern Ry. and Seaboard Air Line.
The proposed car ferry between Key
West and Cuba (90 miles) will permit rapid through service in place of
transshipment and a long ocean voyage.
Stock.—$5,000,000, of which $3,000,000 sold at par and $2,000,000 ad¬
ditional subscribed for at par, Is payable as required for construction during
1911.
Controlled by Henry M. Flagler.
Bonds. Ac.—The 1st M. 4H8 ($12,000,000 auth., $10,000,000 sold In
June 1909—V. 88, p. 1620) are a first lien on 619 miles at $16,150 a mile,
lncl., equipment; cost In cash reported as $59,774 per mile.
Followed by
$20,000,000 2nd mtge. Income bonds and $5,000,000 stock.
The greater part of the 3-year 6% notes due Aug. 1 1910 and Aug. 15
1910 have been taken up by the company and cash deposited with the
trustee to retire the remainder.

1,074,409
1905.

$3,373,554

$3,008,346
.$2,956,282
$2,328,863
$2,471,152
Stated in 1910 to be earning 2.82 times fixed lnt. charges, some 60% of
its earnings being from freight.
Pres, and Gen. Mgr., J. R. Parrott.—
<V. 90, p. 1362.)
FONDA JOHNSTOWN A GLOVERSVILLE RR.—Owns Fonda to
Northvllle (steam), 26.2 miles; Gloversville to Schenectady (electric), 32.3
m.; Gloversville to Fonda (electric), 9.34 m.; Amsterdam to Hagaman
(electric), 3.6 m.;Belt line In Gloversville (electric), 3.9 m.; second track
(electric), 21.2 miles. Operates under lease branch line Broadalbtn Jet.
to Broadalbln, 6.2 m. (steam); also local line Gloversville to Johnstown
(electric), 4.23 m.; sidings and turnouts, 11.7 m.; total, 97.47 miles of road
(118.67 miles of track), of which 96.87 on private right of way and 21.8
miles on street and highways.
Stock, com., $2,500,000; pref., 6% cum.,
$1,000,000. subject to call at 105, authorized Feb. 1909, of which $500,000
sold April 1909. V. 88, p. 883. Dividends on pref., 1H% quarterly June
1909 to June 1910 lncl. (Q.-M. 15).
On common first dlv., 2%, paid July
20 1910.
Par of all stock, $100.
Owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison
Electric Light A Power Co.
(V. 71, p. 1167.)
V. 78, p. 29.
Also a twothirds Interest In stock and bonds of Adirondack Lakes Traction Co.. 4 miles.
BONDS.—Consol. 4Hs, $7,000,000 auth.; $1,850,000 Is reserved to re¬
tire prior liens.
V. 76, p. 265.
Guarantees $30,000 Glov. A Broadalbln 5s
and $50,000 Johns. Glov. A K. Horse RR. 6s and $50,000 8% stock.
LATEST EARNINGS.—f 1909-10
Gross, $825,460; net, $423,184
11 mos., July 1 to May 31.(1908-09
Gross.
704,134; net,
348,980

REPORT.—For year ending June 301909, gross, $773,849; net, $400,532;
other Inc.. $17,729; charges. $377,057; pref. dlv., $3,750; bal., surp.,
$37.454.—(V. 88. p. 1499; V. 91, p. 38.)
FORT DODGE DES MOINES & SOUTHERN RR.—Owns or controls
road from Des Moines, la., to Fort
Dodge and extensions to Rockwell City
and Newton, with 7-mlle branch to Ames and local lines In Fort
Dodge and
Ames, all equipped for steam service, and the main line between Des Moines
and Fort Dodge, with branch to Ames, a total of 90 miles, also with electric

p. 98,1209;
g>wer
June
for6passenger
service.Homer
V. 85,
V. 87,Sheldon
p. 1420;ofV.Ames,
88, p.101
1910 President
Lorlng
and Parley
la.,
n

appointed receivers. V. 90, p. 1554.
STOCK.—Common stock authorized, $5,500,000; outstanding, $2,000,000; pref., 5% non-cum., $1,200,000, all Issued. The bonds cover 3,218
acres coal lands.
V. 85, p. 98; V. 87, p. 1420.
Coupons are in default.
June 80
gross. $342,672; net, $123,562.—(V. 87.
p. 1420; V. 89, p. 162; V. 90, p. 1554.)
FORT SMITH & WESTERN RR.—Operates Fort Smith, Ark., to Guth¬
rie, O. T., 216 miles, of which Coal Creek, I. T., to Guthrie, 196 m.. Is
owned and Ft. Smith to Coal Creek, 20 m., Is Kansas City Southern track¬
age, to be replaced by company’s own road.
Coal properties are developed
at McCurtaln, I. T., 40 m. west of Fort Smith,
producing an averai*-*1 of
$0,000 tons per month. Owns 51% of the capital stock of the St.Louls Ei
Reno A West. Ry., Guthrie to El Reno. O. T., 42 m., oper.
Independently

Dividends

D June 1 1959

A
g J

A
A
A
A
A
A
A
A
A
A

>

212,000

FLORIDA EAST COAST RY.—(See Map.)— Jacksonville, Fla., via St.
Augustine to Knight’s Key, 477 m.; branches, 97 miles; total, 574 m. Com¬
pleted to Miami In 1895 and has since been In successful operation. Is
under construction from Knight’s Key southward to Key West, 45 miles,
and will be completed In 1910, forming the only connection to Southern

Places Where Interest an

Maturity

are

Payable

New York

O Apr 1 1921
J July 1 1947
4 g
J
800,000
J July 1 1950
6
J
50,000
J July 1 1913
6
A
350,000
O Oct 1 1922
4,687,000
N Nov 1 1952
4H g M
5 g
2,200,000
J
J Jan 1 1932
5 g
A
O Apr 1 1937
2,800,000
4 g
A
O Apr 1 1954
6,240,000
M
2.291,416
s Mch 1 1910 2H
4
In
1910
2.539,992
Yearly Feb 211910 4%
6 g
8,176,000
J
D Dec 1 1921
A
5
312.000
J
A
D Dec ’10-June 14
5
A
A
O Oct ’10-Apr 17
266,000
5 g
M
A
661,000
N Nov 1 1935
6 g
F
A
A Feb 1 1910
4,756,000
5 g
M
A
N May 1 1931
13.418.000
5 g
800,000
J
A
J Jan 1 1930
4 g
1 .465 ,000
A
A
O Apr 1 1912
53.000
6 g
A
A
O Apr i 1912
See text
6
1940
5
A
2,(»00 ,1)00
A
o Apr 1 1913
6
1,006,000
Mch 1 1938
6
J
A
J 1949
600,000
500.000
5 g
A
A
o Apr 1 1929
3 H
2,325,000
□—J
July 1 1910 H%
4
5,000,000
Q—J
July 1 1910 1%
6
A
3,500,000
J
D Deo 1 1932
See text
M
4 g
A N May 1 1959

1,000

FLORIDA CENTRAL RR.—Owns Thomasvllle, Ga., south through
timber lands to Fanlew, Fla., 47 miles; completed 1908.
Controlled by
J. L. Philips Co.
Stock, $50,000; par, $100.
Bonds of 1907 mature $40,000 yearly; they are subject to a small prior issue; Bank of Thomasvllle,
trustee.
In April 1910 made 3d M. for $300,000.
V. 90, p. 1170.
Loans
and bills payable June 30 1909, $343,907.
V. 85, p. 1339.
For year end¬
ing June 30 1909, gross, $64,381; net. $35,965; lnt.. taxes, Ac., $45,990;
def., $10,025.
Pres., J. L. Philips.—(V. 90, p. 1170.)




6

See text

FLORIDA RY.—Perry to Live Oak. Fla.. 52 miles, with branches. 7 m.
Authorized to build from 'Iallahassee to Fernandlna and Jacksonville, 224
miles.
Contracts were reported let In March 1910 for extension from Live
Oak to Jacksonville and Fernandlna, 104 miles.
Stock authorized, $4,000,000; par, $100.
Bonds ($4,000,000 auth. Issue) arc subject to call at
106 on any Interest day after July 1 1914; they will be issued at $20,000 per
mile.
Money to pay 2 years’ coupons, It was stated In May 1910, had been
deposited to nrovlde for period of construction of extensions. V. 89, p.
1596; V. 90, p. 1362.
Pres, and Treas., Frank Drew, Live Oak, Fla.
—(V. 90, p. 447, 1362.)

were

A

and

1959

200,000
500,000

1,000

In May 1909 a general Drotectlve committee for securities of the A. B. &
Atl. requested deposits of both stock and bonds.
V. 88, p. 1196.
Year ending June 30 1909, gross, $59,111; net. $7,552; Interest on bonds,
$7,980; bal., def., $428. V. 85. p. 468. Pres, and Gen. Mgr., H. C. McFadden; Sec. and Treas., C. B. Gwyn.—(V. 88, p. 1196; V. 89, p. 41.)

1909.

H gJ

Last Dividend

75 1885
1,000
1909 1,000, Ac
SeeSe aboard Air Line Ry

98

Gross,

$
$

1908

53

EARNINGS.—11 mos., J1909-10
July 1 to May 31.
(1908-09

Ac

1,000

...

50

4

20.000.000

....

1881
1906
1907
74
1905
256 *71-80
671
1881
56
1900
91
1882
91
1882
1910

85

Georgia & Florida mortgage $12,000,000 gold
c*
Georgia Florida & Alabama—First mortgage g--Mac<

Par

Value

1,000, Ac $10,000,000

454

.

First & refund M ($10,000,000 auth)

1909
1909

26
26
26
4
14
75

-

}t Worth & Denver City—Pref stock "stamp certs
First mortgage gold $18,000 per mile
Mi
Equip trust certs guar due $39,000 s-a redeem 101..
do
ao
Series B due $19,000 s-a redeem 1

Date
Bonds

53

5
5
5
5
5
3

g
g
g
g
g
g

M
J
A
M
J
A

A
A
A
A
A

A

S Mch 1 1946
D 1957
O Apr 11955
N Nov 1 1957
J July 1 1954
O Apr 11946

Imp A Trad Nat Bk NY

New York Trust Co N Y
do
do
Metropolitan TrCo N Y
Farmers L A Tr Co N Y
New York Trust Co N Y

July ’08 coup last paid
In default
Mercantile Tr Co, N Y
Farmers L A Tr Co N Y

Guaranty Trust Co N Y
Office, 26 Liberty St,NY

Commercial Tr Co, Phila
Guaranty Trust Co N Y
Savannah Ga

Owned by Sou Pac Co
Su Pac Co 120

do
So Pac Co N
do

Bway N Y
do

Y; A Lond
do

Mercantile Trust Co N Y

Common’th Tr Co, St L
K nlokerboeker Tr Co N Y
Grand Cent Sta, N Y
do
do
Grand Central Sta, N Y
do
do

Mackay A Co New York
do
do
FTano\er Nat Bank N Y

KnickTrCo, NY ABalt
Manhattan Trust Co N Y
J P Morgan A Co N Y

Stock, $5,000,000, all outstanding* par $100.
Of the 4s of 1904 ($7,500,auth.), $5,833,000 were Issued In exchange for $5,000,000 old 5s,
$400.(too are reserved to replace the 20 miles of trackage mentioned above,
$400,000 for equipment and the balance for other purposes.
Equipment
trust notes outstanding June 30 1908, $459,060.
V. 77, p. 88.
EARNINGS.—11 mos., ( 1909-10
Gross. $617,960; net, $63,077
July 1 to May 31.
11908-09
Gross,
598,550; net,
24,133
For year ending June 30 1909, gross, $641,448; net, $20,370.
In 1907-08,
gross, $647,957; net, $87,908; other income, $72,991; lnt., taxes, Ac., $314,000

144; bal., def., $152,245. Pres., A. C. Dustin, Cleveland, O.—(V. 83,p.271.)

FORT WAYNE & JACKSON RR.—Owns Jackson, Mich., to Fort Wayne,
On Aug. 24 1882 leased perpetually to Lake Shore A Michi¬
equal to 5H% on the pref. stock (see
earnings over 8% on pref. stock to be
paid on com., but not exceeding 2% a year.
Com. stock, $436,132.
Ind., 98 miles.

gan Southern at a rental of $126,027,
V. 56, p. 812), and after 1887 any net

FORT WORTH & DENVER CITY RY.—(See Map Col. So.)—Ft. Worth.
Tex., to Texllne. 454 miles. Owns securities of Ft. W. A Den. Term. Ry.

STOCK, Ac.—Colorado A South. Ry. June 30 1909 owned all but $32,822
of the $6,835,008 com. Issued and stamped stock.
V. 63, p. 1063.
Payments under stamped stock agreement of Oct. 12 1895: 2% In ’98;
’99. 2%; 1902, 2%; April 1903, 1904, 1906 to 1910, 4% each.
BONDS.—Finances readjusted In 1896.
Plan V. 63, p. 75.
Abstract
of mortgage. V. 45, p. 440
Eaulpment trust certificates of 1906, V. 82,
p. 1101; of 1907, V. 84, p. 508.
Equip, trust 5% notes of 1908, due June 1,
1913, $78,000.
"Pullman” equip, leases, lncl. lnt., May 31 1910, $574,881.
The Fort Worth A Denver Terminal Ry. authorized an Issue of
$2,500,000,
30-year 6%bonds dated Dec. 1 1907 (Mercantile Trust Co., N. Y., trustee)
subject to call at 105, of which $728,000 have been Issued, $300,000 sold and
$428,000 held by Ft. W. A D. C. Ry. V. 86,p.52, 1100,1589; V. 87, p.949.
EARNINGS.—11 mos.,/1909-10
Gross, $4,836,949; net, $1,994,636
11908-09
July 1 to-May 31.
Gross. 4,599,129; net, 1,488,085
Pres., Geo. B. Harris.—(V. 82, p. 1156; V. 84, p. 508.)

GAINESVILLE MIDLAND RY.—See page 164.
GALVESTON HARRISBURG A SAN ANTONIO RY.—(See Map South.
Pacific.)—Owns Galveston, via Houston, Tex., to east bank of Rio Grande
River, 833 miles; Beevllle to Rosenberg, 147 miles; San Antonio to Port
Lavaca, 136 miles; Magers to West Shore, Galveston Bay, 46 miles; Port
Lavaca, Stockdale to Cuero, 46 miles, completed July 1906; branches, 174

miles; trackage, 3 m.; total, 1,338 miles.
Southern Pacific Co. owns $27.056,600 of the $27,084,372 stock (par, $100).
A consolidation In 1905 with
the New York Texas A Mexican, Gulf Western Texas A Pacific, San An¬
tonio A Gulf, Galveston Houston A Northern and Gonzales Branch RR.
V. 79, p. 2642; V. 80. p. 1424; V. 81. p. 211, 668. 1242; V. 83. p. 1528.
BONDS.—The shareholders voted in May 1910 to make a new mtge.
secure an Issue of $10,000,000
30-year 6% bonds on the properties ac¬
quired In 1905 and the new line from Stockdale to Cuero, Tex., 47 miles, a
part of the Issue to be reserved to retire the outstanding bonds thereon.
V. 90, p. 914.
In June 1910 applied for permission to issue $5 384,000 of
the bonds.
V. 90, p. 1554.
Western Dlv. 2ds ($6,354,000) by agreement are treated as Income bonds;
V. 58, p. 719; V. 84, p. 803; V. 88, p. 1437.
Equipment bonds,
$1,558,000 6s, owned by So. Pac., V. 76, p. 1300; V. 77, p. 2160. So. Pac.
Co. proprietary companies and sinking funds of latter also own $842,000
Matagorda Dlv. 1st M. 6s of the old New York Tex. A Mex. Ry., $2,224,000
Gulf West Tex. A Pac. 1st M. 5s, $800,000 Galv. Houst. A Nor. 1st M5s.
and $1,110,000 out of a total of $6,354,000 West. Dlv. M. A P. ext. 2d M. 6s;
$1,000,000 G. H. A S. A. East. Dlv. 2d 6s (extended), due June 1 1935, are
also owned by So. Pac. or sinking funds of proprietary cos.
The $4,756,000
1st 6s due Feb. 1 1910 were purchased by the So. Pac. Co.
EARNINGS.—11 mos., (1909-10
Gross, $9,735,049; net, $2,741,558
July 1 to May 31.
11908-09
Gross, 9,250,547; net, 2,646,901
EARNINGS.—For year ending June 30 1909: Gross, $10,123,196; net,
lncl. other income, $2,913,787; charges, $2,441,742; bal., sur., $472,045.—
(V. 90, p. 572, 914, 1554; V. 91, p. 38 )
to

GALVESTON HOUSTON & HENDERSON RR. OF 1882.—Owns from
Galveston, Tex., to Houston, Tex., 50 miles.
ORGANIZATION.—The M. K. A T. and International A Great Northern
have had trackage rights since Dec. 1895 under a contract
providing for pay¬
ment to mtge. trustee of $100,000 yearly to meet Interest on G. H. A H.
bonds and an additional rental of $24,000 per annum for dividends or other
purposes—see V. 61, p. 1064; V. 63, p. 697.
Divs., May 1904 to 1906, 4%

yearly; since to June 30 1909,

—see

V. 61, p.

1013.

none.

M. K. A T.

owns

4,999 shares of stock

Stock, $1,000,000; par. $100.
For year end. June 30 1909, net, lncl.
$144,443 contract installments and track rentals and $8,443 miscellaneous,
$209,155; Interest, $100,000; other charges, $45,495; lmprov’ts, $23,308;
bal., sur., $40,252.—(V. 65, p. 1114.)

GALVESTON TERMINAL RY.—Owns extensive terminals at Galveston,
Tex., used by Trinity A Brazos Valley Ry., which owns practically all the
stock. V. 87, p. 950. Owns a large freight depot and warehouse and about 14
blocks along Galveston water-front, in Jan. 1910 about 27 miles of main
line and sidings had been completed. Stock auth., $25,000. Of the 1st 6s
($5,000,000 auth. Issue), $1,106,000, guar, jointly by the Ch. R. I. A P. and
Col. A So., were sold In Nov. ’08. V. 86, p. 1100,1589; V. 87, p. 1478. Pres.,
R. H. Baker; V.-P.. John Sealy.—(V. 86, p. 1100, 1589; V. 87, p. 936.)

GARDEN CITY OULF & NORTHERN RR.—Owns from Garden City,

Kans., to Scott City, 40 miles, completed Dec. 1909. Projected
tend from Plains, Kansas, on the Chicago Rock Island A Pacific,
westerly to St. Francis on the Chic. Burl. A Quincy, 250 miles.

to ex¬
north¬
Stock

auth., $5,000,000; present issue, $600,000; par, $100.
The first 6s ($5,000,000 authorized Issue) are limited to $15,000 per mile; Commonwealth Trust
Co., St. Louis, mtge. trustee. V. 89, p. 918. Pres., B. M. McCue; Sec.,
E. A. Tennis; Treas., J. W. Hope, Garden City Kan.—(V. 89. p. 918.)

54

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]

Miles
Road

[For abbreviations, Ac.,

Georgia Railroad & Banking Co—Stock.

Bonds refunding not mortgage currency
Bonds not mortgage $200,000 5s
Bonds not mortgage our

Date
Bonds

307
1897
’82-87
1907

c*
o*

Georgia Southern Sc Florida—First pref stock redeem
Second preferred * .084,000 5%
First mortgage gold $4,000,000
MeBa.c*
First consol mortgage $10,000,000 gold
N c*Ar
Eaulpment trusts Ser A and B $37,000 due seml-anD
Equip trusts Ser C due $25,000 seml-ann
Eq.
Gettysburg & Harrisburg—South Mt first mortgage.
Gettysburg A Harrisburg first mortgage old Issue..

_

—

_

285
392

.

Gr Trk Pac branch lines 1st M* guar, see text

1909

c*

Grand Trunk Ry—Consolidated stock £23,318,309
4% guaranteed stock non-cumulative £12,500,000.
First preference 5% stock £3,420,000
Second preference stock £2,530,000
Third preference 4% stock £7,168,055
)
Debenture stock £4,270,575
j 3,512
Consolidated debenture stock (collateral trust) cum )
Second equip mtge (subject to first mtg In trust) .c J
Great Western perpetual debenture stock
c 836 Vx
Northern Ry third preference A A B bonds
cl 490 H
Debenture stock 4% perpetual £425,850
J
__

1882
1884
73-74
73-74

1
11874
)1874
j 1869
Var

J1868

\1884

When

%

Payable

$4,200,000 See text.
1,000,000
500,000

3,838.000
2,000,000
185.000
500,000
100,000
250,000
215,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000
Ac

500

5g
4 g

J
J

4)4

M

4)4 g M
5
6
5

A
A
A

A
A
A
A
A
A
A
A
A
A
A
A

J
J
J
N
N
J
J
S
S
o
o
o

6
246,500
Various
5 g
D
300,000
J
A
5,791,700 3 In 1909 A A O
920,000
A
J
3)* g J
4,455,000
A
J
4)4 g J
4 g
4,500,000
A
A
O

1,000
100

1,000
1,000
1,000
1,000
£100
£100
£100
£100

5 A 6

740,000

Ac
Ac
Ac
Ac

S^e text.

£2,100,000

£1,354.000
£1,550.000
£4,000.000
See text.

£100 Ac

5 g

3

$

or

4
4
4
4
4
4

F
£ J
A
A
A

A
A
A
A
A

severally.

See form of guaranty, V. 56, p. 650.
The road is mortgaged to
secure an authorized Issue of $10,000,000 50-year 4% bonds of the N. Y. C.
A H. R. RR. assumed by the Geneva Corning A Southern, to be used to
retire outstanding indebtedness and bonds for Improvements.
In July
1909 $3,744,000 bonds were authorized to be issued for Improvements and
retirement of $600,000 Syracuse Geneva A Corning second mtge. bonds.
V. 88, p. 1127, 1313; V. 89, p. 162.—(V. 89, p. 286; V. 90, p. 167.)
GEORQIA COAST Sc PIEDJVlONTi'RR.—Extends from Darien to Collins,
6a., 85 miles; completed In July 1906. Stock, $1,000,000. The con¬
solidated 40-year 5s (limited to $3,500,000) are Issuable at $10,000 per
mile and $2,uou per mile additional for equipment when the property has
earned 50% in excess of Interest charges; $200,000 may be used to acquire
terminals, sufficient of the issue being also reserved to retire the 1st 5s.
V. 82, p. 804.
In Oct. 1907 the company was authorized to Issue $2,570,000
consols for various purposes, including $1,000,000 to retire the first 5s.
V. 85, p. 1143.
There are also $175,000 10-year 6% Income debentures due
1918, lnt. payable Sept, yearly If earned.
Year ending June 30 1909, gross,
$88,350; net, $6,665.
In 1907-08, gross, $65,023; net, $1,512; charges,
$34,684; bal., def., $33,172.
Pres., Donald Mackay.—(V. 88, p. 624.)

fc GEORGIA FLORIDA & ' ALABAMA? RY.—Owns Richland, Ga.,*to

Tallahassee, Fla., 133 miles. Including 26 miles opened September 1909;
Tallahassee to Carrabelle, on the Guff of Mexico, 51 miles; branch, Ha¬
vana,
Fla., to Quincy, 12 miles; total, 196 miles.
Also operates
steamer line from Carrabelle to Appalachlcola, Fla.
Stock, $350,000;

Hr,
e minority
$100. Instock
Juneand
1909practically
PresidentallWilliams,
It was reported,
purchased
of the outstanding
bonds.
V. 88,
1437.
Bonds, see table above. Loans and bills payable June 30
fi908, $248,988. The stockholders on Nov. 13 1906 authorized $1,225,000

5% non-cum. pref. stock on 168H miles, then operated, with $8,000 per
mile for additional mileage; no new stock had been issued to Oct. 1908.
In cal. year 1909, gross, $397,228; net, $34,376. 1 For year ending June 30

1908, gross, $471,763; net, $39,571; lnt. and taxes, $97,937; balance, deficit,
$58,366.
Pres., J. P. Williams; Sec. and Treas., J. L. Nisbet. Office
Savannah, Ga.—(V. 88, p. 1437.)
^GEORGIA Sc FLORIDA RY.—Owns from Madison, Fla. (40 miles from
Gulf of Mexico), to Keysville, Ga., 224 miles; trackage, Keysville to Au¬
gusta, Ga., 26 m.; branches, about 60 m.; total, 310 miles.
A consolidation
In Aug. 1907 of Douglas Augusta A Gulf, Millen & Southwestern and other
roads, acquired by syndicate organized by Middendorf, Williams & Co. and
Internat. Tr. Co. of Maryland and John L. Williams A Sons, Richmond, Va.
V. 82, p.1211; V85, p. 345; V. 87, p. 480, 936, 1533; V. 88, p. 681. Had op¬
tion on 45% of stock of Savannah A Statesboro Ry., 53 m., incl. 20 m.
trackage.
Capitalization to be: Com. stock, $15,000, and non-cum. pref.,
$10,000 per mile.
Outstanding Mch. 1910, com., $4,538,600; pref., $2,996,300.
After 4% on pref., com. Is to be entitled to 4%, then pref. to
2% additional, then common to all other earnings.
Bonds to be limited to
$12,000,000 at $20,000 per mile, of which $5,000,000 underwritten In July
V. 85, p. 221, 530.
1907.
For 6 mos. end. Dec. 31 1909, gross, $264,973; net, $71,469; taxes, $8,578;
hire of equip, (cr.), $12,315; bond lnt. and other deductions, $13,318;
bal., sur., $61,888.
Report for year ending June 30 1909, in V. 90, p. 842,
showed (247 aver, miles), gross, $382,054; net income, $94,097; charges,
$31,985; bal., sur., $62,112. Pres., John Skelton Williams; Sec., C. T.
Williams; Treas., Rutherford Fleet..—(V. 90, p. 842.)
I
CtGEORGIA MIDLAND RY.—See page 165.
GEORGIA RR. Sc BANKING CO.—Owns from Augusta, Ga., to Atlanta,
Ga., 171 m.; branches to Washington and Athens, 58 m.; Macon A Augusta
RR. (proprietary road), Camak, Ga., to Macon, Ga., 74 m.; trackage, 4 m.;
total, 307 m.
Owns 50% stock of Western Ry. of Ala. (the Central of Ga
Ry. owning the other half); also a 47% Interest In Atl. A West Point.
Lease.—In 1881 roads leased for 99 years to W. M. Wadley et al for the
Cent, of Ga. and the Lou. A Nash., at $600,000 per year, but In April 1899
the Loulsv. A Nash, was held to have acquired all rights under the lease;
Atlantic Coast Co. July 1899 acquired half Interest.
V. 68. p. 722; V. 69.
p. 385, 591: V. 70. p. 125.
Tax decisions, V. 85, p. 160, 1339: V. 86, p. 981.
V. 90, p. 559.
In Aug. 1908 sold $1,000,000 40-year 4% debenture bonds
to refund the 6s due Jan. 1 1910.
V. 87, p. 226, 285.
Owns a malority
($198,200) of stock of -Georgia Railroad Bank.”
» majority
DIVID’DS.— \1881.
1882.
1883 to 1887.
1888.
1889 to July 1910.
Since 1880
%J 9H
10)4
10 yearly
10?4
11 yearly
Dividend rate Is expected to be Increased from 11 to 12% early in 1912,
V. 90. p. 1362.
^

miles)—J1909-10...Gross,
net, $736,115
?*EARNINGS
uly 1 to May (307
31, 11
mos.U908-09.__Gross, $2,814,171;
2,571,853; net,
475 507

P$Railroad earnings for year ending June 30 1909, gross, $2,750,872- net
$505,139; other Income, $106,287; rental to Ga. RR. A B. Co., $600 000*
lnt., rentals, Ac., $123,879; bal., def., $112,453.—(V. 90, p. 559, 1362.) ’
GEORGIA SOltlHERN & FLORIDA RY —(See Map of Southern Ry ) —
Owns from Macon, Ga,, to Palatka, Fla., 285 miles; on Nov. 1 1902 pur¬
chased Atl. V. A W. Ry., Valdosta. Ga., to Jacksonville, Fla., 107 miles*
trackage Into Jacksonville, 3 m.; total, 395 miles. V. 60, p. 928; V. 79, p 551 ’
Also owns one-eighth of stock of Jacksonville Terminal Co. V. 77, p.*626’
In 1903 the stock of the Hawklnsvllle A Florida Southern Ry., Worth
to Hawklnsvllle, Ga., 44 m., was purchased, $310,000 1st mtge. 5% bonds
being guaranteed, orln. and lnt. V. 79. p. 2585.

Places Where Interest and
Dividends are Payable

Am Ex Nat Bk, or Au?
do
do
Am Exch Nat Bk, N Y
May 10 1910 2 H M T A D Co Balt; ANY
do
do
May 10 1910 2h
do
do
July 1 1945
do
do
July 1 1952
Blair
A
Co
New
York
Sept’lO-Sep ’12
To Mch 15 1920 Equitable Trust Co, N Y
1 1922
1 1922
1 1947

Jau

Jan
Jan

1 1912
1 1926

Reading Terminal, Phlla
do
do
do
do

1928-1929
June 1 1942

N Bk Or Co Goshen N Y
Grand Cent Station N Y

Apr 1 1898
Oct
Oct

Apr 25 1910 1H Office Grand Rap, Mich
Winslow,LanierACo N Y
July 1 1941
do

July 1 1941

Oct 1 1936
A Feb
1 1958
J Jan 1 1962
O Apr 1 1955
O Apr 1 1955
O Apr 1 1955

M
A
s Perpetual
Semi-an 1919

See text.
M
A N
£100 £22,475,985
£100 £9.840,010 4 In 1909 Seml-an
£100 £3.420,000 5 for ’09 Seml-an
£100 £2,530,000 5 for ’09 Seml-an
£100 £7.168,055 See text
Y early
£100 £4,270,375
5
J A J 14
£100 £16,221,571
4
Q—J
£100
6
A
J
£373,000
J
£100 £2,723,080
5
F
A
A
6
A
A
o
£14,600
4
F
A
A
£325,715

1 m.; total. 232 miles.
A consolidation In Feb. 1909, V. 88, p. 1002. Stock,
oom., $2,325,000; pref., 4% cum., $5,000,000; par, $100.
Leased to N. Y.
Cent. A Hud. Rlv. RR. from April 1 1909 for the term of Its corporate ex¬
istence, or any extensions thereof, the rental covering 4% dividends on the
pref. and 3
on the com. stock.
The
V. 88, p. 822,1061; V. 89, d. 286
N. Y. Cent. & Hud. Rlv. RR. owns $1,820,800 of the $2,325,000 common
stock and the $5,000,000 first pref. stock.
V. 90, p. 54, 167.
Pine Creek 6s are guaranteed by Reading and N. Y. Central jointly and

Last Dividend
and Maturity

July 15 1910 2 H Augusta Ga

Q—J

5

J
J
4
1,000,000
J
684,000 5 In 1909 M
1,084,000 5 In 1909 M

100
100

GENESEE & WYOMING RR.—See page 164.
GENEVA CORNINO & SOUTHERN.—Owns Geneva, N. Y„ to Antrim.
Pa., 109 miles; branch to Ulysses, Pa., 40 miles; Stokesdale Jet., Pa., to
Newberry Jet., 75 m.; Penn Yann, N. Y., to Dresden, 6 m.; other branches,




Rate

1,000

_

1895
1902
02 06
1910
1877
1882
1891

Amount

Outstanding

$100
1,000
1,000

—

Consolidated mortgage $565,000 gold (see text)
35
Gila Valley Globe & Northern—See Arizona Eastern RR
12 88-89
Goshen Sc Deckertown—1st A 2d M ($60,000 are 2ds)
1892
13
Gouverneur Sc Oswegatchie—1st M gold gu p A l.Un.c
Grand Rapids Sc Indiana Ry—Stock $6,000,000
1891
First M mostly land grant gold extended in 1899.c*
335
First M extended gold guaranteed by Penn RR__c*
1891
335
Second mortgage $5,000,000 gold
387
1896
_c*
1908
Grand Rapids & Northw—1st M $5,000,000 gold..GP
Grand Trunk Pac—First M £ guar Can Gov (text) .cAr 1,755 1905
Prairie Section M (Ser A) £2,100,000]guar p and 1
916 1905
Mountain Sec M (Ser B) £2,050,000 )
839 1905
by Grand
Lake Superior Dlv 1st M $1,550,000 j
188 1905
Trunk
Debenture stock $25,000,000 red at 105 after 1936
1909
Loan, $10,000,000, secured hy U on Prairie section
..

Par
Value

[Vol. lxxxxi.

1939
None

do

Philadelphia Pa
Philadelphia A Chicago
Bank of Mont, Lon A NY
lCo’s Office London or
)
Bank of Montreal

j

New York

9 N Broad St London E O

N Y, Montreal A London
ever

pale

Check from
Apr 29T0 25;
do
Apr 29’10 2H%
do
Apr 29 ’10 5%
do
Apr 24’08 3%
Irredeemable
Irredeemable

Co’s

Office

do
do
do

July 1 1919

1
1
1

Irredeemable

)Glyn, Mills, Currie A

Irredeemable

Irredeemable

Co, London
J

DIVIDENDS.—On 1st pref., ’96, 4%; ’97 to May 1910, 5% yearly.
2d pref., in ’97, 2%: ’98, 3%: ’99. 3%; 1900 to May 1906, 4% yearly:

On
Nov.

1906, 2)4%; 1907 to May 1910, 5% yearly. Common stock Is $2,000,000.
BONDS.—First mtge. of 1895 (Abstract, V. 61, p. 429) provides that ths
684,000 lsf pref. stock shall be a lien second only to the bonds and coupons.
The 1st 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 5s and $684,000 1st
pref. stock, and $3,316,000 are reserved for future needs. V. 75, p. 980.
LATEST EARNINGS.—(1909-10
Gross, $2,153,676; net, $491,004
11 mos., July 1 to May 31.\1908-09
Gross,
1,834,787; net,
518,627

REPORT.—Fiscal year ends June 30.
Report for 1908-09, In V. 89,
1340, showed: Gross, $1,996,937; oper. Inc., $474,365; other inc., $48,553; lnt. on bonds, Ac., $322,630; dlv. on stock, $88,400.
In 1907-08,
gross, $1,963,546.
Pres., W. W. Finley, N. Y.—(V. 90, p. 848.)
GEORGIA SOUTHWESTERN & GULF RR—Projected to extend from
Albany, Ga., southwest to St. Andrews Bay., Fla., on the Gulf of Mexico
with branch to Dawson, Ga.
In Feb. 1910 acquired control of the Albany
& Northern Ry., extending from Albany northeast to Cordele, 37 miles.
V. 90, p. 109, 502.
Stock authorized, $4,000,000.
In Nov. 1908 filed a
$4,000,000 mtge. to Carnegie Trust Co. of New York to secure 5% bonds
issuable at $20,000 per mile.
Pres., W. M. Legg, 534 Washington Ave.,
Macon, Ga.; Sec. and Treas., H. J. Bruton.—(V. 90, p. 167, 502.)
GETTYSBURG Sc HARRISBURG RY—Carlisle to Gettysburg, Pa.. 31
m.; branch to Round Top. Pa
3 m.
The Reading Co. owns $545,300 of
the $600,000 capital stock; $535,000 deposited under Its gen. mtge. of 1896.
The consol. 5s of 1891 were guar, by Phlla. A Reading RR (foreclosed)
GILA VALLEY GLOBE & NORTHERN RY—Consolidated Feb. 1 1910
with Arizona Eastern RR., incorporated Feb. 1 1910.—(V. 90, p. 447.)
GOUVERNEUR & OSWEOATCHIE RR.—Owns from Gouverneur to
Edwards, N. Y., 13 miles.
Stock, $350,000, all owned by N Y. Cent.—
which guarantees the bonds.
See V. 55, p. 810 and V. 56, p. 501.
GRAND RAPIDS Sc INDIANA RY.—(See Maps of Pennsylvania RR.)—
Owns from Fort Wayne, Ind., to Mackinaw City, 367 m., branches, 69 m.,
total owned, 436 miles; operates the following roads, but has not assumed
the old company’s leases thereof: Cln. Richmond A Ft. Wayne RR., 86 m.;
Traverse City RR. (nearly all the stock and all the Income bonds owned)
26 m.; Muskegon Grand Rapids A Indiana RR., 37 m.; Traverse City
Leelanau A Manlstlque RR., Traverse City to Northport. Mich., 30 miles
(Incl. 6 m. trackage), see V. 74, p. 777; V. 76, p. 811; V. 82, p. 938, 1098.
HISTORY.—Successor Aug. 1 1896 of Grand Rapids A Indiana Railroad;
foreclosed under second mtge., per plan In V. 63, p 153.
STOCK.—Stock, $6,000,000, of which Pennsylvania Interests are sup¬
posed to own all or nearly all. Penn. Co. on Jan. 1 1910 owned $2,902,600.
DIVIDENDS.—1900 1%; 1901 2%; 1902 to Apr. 1910, 3% (yearly).
BONDS.—The 1st mtge. bonds extended at 4^% are endorsed with the
guaranty of the Penn. RR. Co. to purchase the coupons as they mature, and
the bond Itself at maturity.
See guar., V. 56, p. 649; V. 69, p. 1193. Of
the 2nds, $888,000, were owned Jan. 1 1910 by Pennsylvania RR. and
$2,987,000 by the Penn. Company.
REPORT.—Report for 1909 In V. 90, p. 1166.
In 1909 carried 2,974,368
tons of freight, of which 37 % was lumber, Ac., and 22coal and coke.
Year ending Dec. 31—
1909.
1906.
1908.
1907.
p.

,

,

Miles operated
433
426
424
436
Gross Income
..$3,918,371 $3,498,148 $4,149,694 $3,900,605
Net over expenses and taxes.
827,739
727,751
801,299
782,094
Interest and other charges. Ac., $560,363; Improvements, $40,901; divs.,

(3%), $173,730; bal., sur., $52,745.— (V 90, p. 1044. 1166.)
GRAND RAPIDS Sc NORTHWESTERN RR.—See page 165.
GRAND TRUNK PACIFIC RY.—(See Map.)—This new trans-contl
nental railway across Canada has received the approval of the Canadian
Government and will be carried through with the Joint financial support
It will
of the Government and the Grand Trunk Ry. Co. of Canada.
consist of a main line of an estimated length of about 3,550 miles, from
Moncton, New Brunswick, to Prince Rupert, B. C., on the Pacific Ocean,
about 25 miles south of Port Simpson, B. C.. with branch 188 miles, viz.:
1. Leased Line, to be BulU by Canadian Government—
Miles.
Eastern Dlv., Moncton, N. B.. via Quebec to Winnipeg, about
1,800
(To be leased for 50 years to Grand Trunk Pac. Ry. Co.—for first
7 years at cost of operating only and for remaining 43 years at
3% on cost of construction) (but see V. 80, p. 997)
2. Western Division, BuiU and Owned by Company—
a. Prairie Section, Winnipeg to Rocky Mountains, about
916
b. Mountain Division. Rocky Mountains to Pacific Ocean, about..
839
3. Lake Superior Branch. Built and Owned by Company—
Thunder Bay on Lake Superior to junction with Eastern Division,
east of Winnipeg (completed In November 1908.)
imj
Of the Prairie Section, Winnipeg to Edmonton. 793 miles was completed
July 1909; from Lake Superior Jet. to Winnipeg, 245 miles, will be com¬

pleted by Sept. 1910; Edmonton west to Wolf Creek, 123 miles, was com¬
pleted Sept. 1909, making, with Lake Superior branch. 1,349 miles of con¬
tinuous line In operation.
On mountain section 100 miles east from Prince
Rupert was completed early in 1909 and contracts let for 314 m. additional.

let on all other portions of the road to be built by the
Government.
V. 84, p. 1052; V. 86, p. 794, 1100; V. 87, p. 677, 873;
V. 89, p. 224, 1217.
Leases Winnipeg terminals. V. 89, p. 666.
ORGANIZATION.—Incorporated by Canadian Legislature In 1903
See
full statement In V. 80, p. 996; V. 81, p. 1315.
As to Grand Trunk Pacific
Branch Lines Co., see V. 90, p. 1044 (also bonds below); V. 82. p. 333: V.
86, p. 1100; V. 88, p. 295, 822, 1372, 1437.
New lines, V. 89, p. 1482,
Contracts have been

1562.

STOCK.—Authorized, $45,000,000 (par of shares, jtoo each), of which
the $25,000,000 common la owned by the Grand Trunk Ry.
BONDS.—The Canadian Government agreed to guarantee 3% 1st mtge.
bonds for an amount up to 75% of the cost of construction of the West-r»rn
division, such amount (a) in the case of the Prairie Section not to exceed

July, 1910.J




RAILWAY STOCKS AND BONDS.

55




RAILWY
STOCKS
AND

BONDS.
l'roL-

lx xi




[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

58

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Grand Trunk Railway—(Concluded)
Pontlao Oxford A Nor—1st M $400,000

100
455

Me.c*

Midland of Canada cons 1st M £3,164,700
c
New England Elev 1st M g gu due $10,000 yearly._
Montreal Warehousing 1st M $1,000,000 gold guar.

Grand Trunk Western—
First M $15,000,000 lnt guar gold $

F

(cur) A £

2dM Income gold, calledfor payment Dec 11910_Ta
Oreat Northern—Stock $210,000,000
St P M A M, Dakota Extension 1st M gold-.Ce.c*
Consol mtge for Know 1st M on lands) gold-.Cef

$50,000.000..;

i

1

•

do

registered
Ry first mtge gold assumed

_

_

„

„

1887
1890
1901
1901
1882
1882
1898
1887
1888
1891
1889

Ce.c*

Spokane Falls A North first mtge gold assum.Ma.c*
Of North Rv of Can—See Canadian North Quebec Ry
Green Bay & Western RR—Stock (see text)
—

Debentures Class A Incomes text non-cum
c*
Class B Incomes after 5% on stock non-cum._c*
Greene RR (New York)—Stock
Greenwich & Johnsonville—1st M $500,000 g__S.cAr
Guay & 0—Prior lien M gold, red 105 s f

originally $12,282,000 gold guar (text) _.Usm
Gulf Beaumont & K C—See Atchison Topeka A Santa Fe
Gulf B A Gt Nor gold p A 1 guar end (text)... AB.c
Gf|lf l,inp—First, mnrtfrfljre $A?5 000 gnld

...

3
3
285
260
433
2
132
•

—

$

m

_

1,000
£

or

.

100

—

1896
1896

1,000
1,000

...

77

6 g
5

SH
4

1904
1908
1899

1,000
1,000
1,000

1900
1907

1,000

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

A
A
A
A

J July 1 1916
J Jan 1 1912
J July 1911-1941
O Apr 1 1936

Mercantile Trust Co, N Y

A

J July 1 1950
Dec 1 1910

Bank Montreal,NY A Lon
Bank of Montreal, N Y
Bank of Montreal, N Y
32 Nassau St New York
do
do
do
do
do
do
do
do
N Y A Lond, Baring Bros
J. P. Morgan A Co., N.Y.
do
do
32 Nassau St New York
do
do
32 Nassau NY;Lee,H,Bos
32 Nassau St New York
do
do
N Y A Lon, Baring Bros
Chase National Bank NY

When

Payable

J
J
g J
A

J

July
Q—F
M
J

J
J
J
J

J

A
A
A
A
A
A

A

Aug 1 1910,1H
N Nov 1 1910
J July 1 1933

J July 1 1933
J July 1 1933
D June 1 1937
J July 1 1940
J July 1 1921

Q—J
J
J
A
J
J
J
J

2,500,000 5 Feb ’10

A
A
A
A
A
A
A

J
J
O
J
D
J
J

July 1 1921
July 1 1922
July 1 1922
1928-1948

July 1 1937
June 1 1938

July 1 1911
July 1 1939

Feb 7 1910 5%
Feb
Feb 7 1910 5%
Feb 7 1910 )4%
Feb
A
D June 201910 3%
A
Jan
1 1924
J
A
J Jan 2 1930
A
J Jan 21932

Feb

600,000 5 Feb *10
7,000,000 MFeb’lo
6
200,000
J
4 g
500.000
J

100
21

Rate
%

£100 15,000,000
4 g
500
1.500,000 Up to4%
100 209,970.250 7 In 1909
6 g
2.885,000
1,000
e g
1,000 13,344,000
1,000 21,220,000
4)4 g
4 g
1,000
5,822,000
4 g
1,000 al0.185,000
£100 Ac
4 g
£6,000.000
4 g
$1,000 Ac \107613500 ;
4 g
1,000 Ac ;
i
6 g
1,000
2,150.000
5 g
1,000
650,000
4 g
1,000 Ac d9,700.000
1,000 Ac 10,000,000 5 A 6 g
s g
1,000
3,625,000
5 g
1,000
500,000
6
1,000
229.000

„

420
818

«.

$400,000
£1.016,500
310,000
$1,000,000

£100

1900
1900
1880
1883
1883

do
do
do
Eof Minn No Dlv M $9,700,000 g assu red -Me.c*Ar
Mont Cent 1st M g ($6,000,000 are 6s)assum.Ce.cAr
Willmar A Sioux Falls 1st M g assum (end) _Ce.c* Ar
Mlnneap West M g assum (V 60 p 835)
c*

1st M

_

Outstanding

$1,000

1896
1882
1901
1906

1,221
2,655
2,655
2,655

r*

do

-

326.5
326.5

Montana Ext 1st M ($25,000 p m) gold
Ce.c’Ar
Pacific Extension M £6,000~,000 gold.-_.Ce c*Ar
OB A Q col tr M g (sub to call at 105)
Sc*Ar*
do
Minn Un
do

•

Amount

Par
Value

Dale
Bonds

2,479.000
10,808,000

6 g
5

J
J

1 132.000
See text

5 g
5 g

J
M

A
A

UnSDATrCo.Portl’d, Me
Montreal

or

London

Office 40 Wall Street N Y
do
do
do
do
D L A W 90 West St
Standard Trust Co N Y
New York and London
See text
5 Nassau Street New Yk

J July 1 1930
s Sept 1937

$11,502,000 additional pledged for Pacific Extens ion bo nds
d Subject to call at 105 after April 1928.

a

$13,000 per mile, or £3,210,000 In all, and (b) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section.
Total Issue limited to £14,000,000; Royal Trust Co., Canada, trustee.
In
July 1910 £5,200,000 had been sold and £2,000,000 was offered in London
at 82)4, payable 5% on application, 17)4% July 26 and 20% each Aug. 26,
Sept. 23 and Oct. 25 1910, or optionally In full July 26.
V. 80, p. 996, 1234,
1363; V. 81. p. 507, 613; V. 89, p. 224, 286; V. 91, p. 214.
Series “A*’ (Prairie Sec.) 4% bonds, total Issue limited to £2,100,000, and
Series “B" (Mountain Sec.) 4% bonds, not to exceed £2,050,000, are secured
by a 2d mtge. (National Trust Co., Toronto, trustee) on the railway,
equipment and tolls of the co., Including Its leasehold Interest In the Eastern
Division, but not branch lines exceeding 6 miles In length, ships, grants of
lands (other than for railway purposes) and the rolling stock of the East.Dlv.
or of the above-mentioned branch lines of over 6 miles
These bonds are
unconditionally guaranteed as to prln. and lnt. by the Grand Trunk Ry. Co.
See form in V. 80, p. 996; also see V. 80, p. 996; V. 86, p. 794; V. 90, p. 1165.
Although the mortgage to secure the 3% bonds guaranteed by the Govern¬
ment ranks before the mtges. securing A and B bonds guaranteed by the
Grand Trunk Ry. of Canada, yet an agreement schedule to an Act of 1904
provides In effect that In the event of default by the company for 5 years in
ayment of the lnt. on the 3% bonds, the remedy of the Government shall
e to put In a manager with the concurrence of the company to operate the
Western Division and to collect and distribute net earnings of each particu¬
lar division pari passu between the holders of the bonds guar, by the Gov’t
and the holders of the bonds guar, by the Grand Trunk Ry. Co. In the pro¬
portion of 75% of such earnings to the holders of the Gov’t bonds and 25%
to the holders of the bonds of this division guar, by the Grand Tr’k Ry. Co.
In May 1909 the Dominion Government agreed to loan not exceeding
$10,000,000, repayable in 10 years or at any time on 6 months’ notice,
interest thereon to be 4%, payable semi-annually, secured by the company’s
bonds to the same amount, maturing 1919, guaranteed prln. and lnt. by
the Grand Trunk, under a mtge. on the Prairie Section, subject to existing
prior liens. V. 88, p. 822, 1194, 1061, 1253; V. 90, p. 1165.
Lake Superior branch bonds, total Issue limited to £1,550,000, are se¬
cured by a 1st mtge. on all the 188-mlle Lake Superior Dlv. and are guaran¬
teed prln. and lnt. by Grand Trunk Ry. Co.
(V. 80, p. 996.)
In 1909 Acts were passed by the provinces of Saskatchewan and Alberta,
authorizing the respective provinces to guarantee, prln. and lnt., at the rate
of $13,000 per mile, first mtge. bonds to be Issued by the Grand Trunk
Pacific Branch Lines Co. for the construction of new lines, viz., 670 miles
lp Saskatchewan and 491 In Alberta, to be worked under agreement by the
Grand Trunk Pacific Ry.
Power Is given to issue additional bonds up to
$2,000 per mile, making $15,000 per mile.
In May 1909 £500,000 (part of
£521,600) guaranteed by Saskatchewan and £500,000 (part of £1,313.300)
guaranteed by Alberta were sold and in April 1910 £1,270,500 guar, by
Saskatchewan were offered at 98y2.
V. 90. p. 1044, 1165; V. 88, p. 1437,
DEBENTURE STOCK.—In 1906, $25,000,000 debenture stock wa« au¬
thorized, of which $15,000,000 (£3,000,000) lnt.guar, by the Gr. Tr. Ry.
under certain conditions (see V. 84. p. 570). to be Issued as perpetual deb.
stock; of this, £3,000,000 was sold In 1907- to 1909 and £1,000,000 was of¬
fered in Jan. 1910 at £92 H.
V. 88, p. 624; V. 90, p. 303.

OFFICERS.—Pres., Charles M. Hays, Montreal, Can.; Sec., Henry
Philips; Treas., Frank Scott.— (V. 90, p. 303, 1044; V. 91, p. 214.)
GRAND TRUNK RY. OF CANADA.—(See Map.)—Quebec, Can., via
Montreal to Chic., Ill ; also to Portland, Buffalo, Detroit. Toledo, <5cc.
SYSTEM PROPER.
|
REPORTED SEPARATELY.
Miles, j
Majority stock owned.
Miles.
Lines owned
2,952 I Central Vermont*
531
Leased—partly owned.
| Grand Trunk Western*
336
Atlantic A St. Lawrence, Port|
Entire stock owned.
land,Me., to Island Pond, Vt. 165 I Detroit Grand Haven A Mil*._ 191
Buffalo & Lake Huron
164|Tol. Sag. & Muskegon
96
Clncln. Sag. & Mackinaw
53 |
Jointly owned.
Other lines
202 I Detroit & Toledo Shore Line
79
'■

,

Total

In earnings

3,536 |

Total

road

4 .769

Car ferry, Grand Haven to Milwaukee.
‘See separate statement this Co.
As to Grand Trunk Pacific Ry.. see that company above. V. 79. p. 2587.
On Sept. 30 1905 began operating Canada Atlantic Ry. and guar., prln.
and int., its 4% bonds.
V. 79, p. 967, 1331, 1641.2455, 2620; V. 85, p.600.
In 1909 purchased stock of Pontiac Oxford A Northern, Pontiac, Mich.,
toCasevIUe. 100 m., and assumed $400,000 6%bonds. V. 89. p. 1542 ‘ 1347.
The Southern New England Ry. was chartered in April 1910 to build
from Palmer, Mass., at a connection with the Central Vermont, to Provi¬

dence, R. I., where it is planned to construct an extensive dock system,
giving the Grand Trunk a through line via the Central Vermont from
Montreal to Providence. V. 91, p. 154. The Providence A Danielson (elec¬
tric) Ry., 37 miles, has made an alliance; V. 90, p. 447, 1044.
The stock¬
holders on April 14 1910 approved the purchase of securities of Ottawa
Term. Ry., Grand Trunk Pac. Term. Elevator Co., Ac. V.90, p.771, 1165.
STOCK, Ac.—The authorized capital on Dec 31 1909 was £48,936.364
stock (£45.434,051 Issued and £3.502,313 unissued; advances from the
Canadian Govt. In aid of construction amount to £3,111,500.
Perpetual
consol. 4% deb. stock authorized by Act of 1882, and later Acts, has been
Issued from time to time to acquire securities of companies consolidated and
controlled, amounting De^ 31 1909 to £8,849,165, and bearing an annual
Interest of £457,042.
V. 71, p. 84.
Shareholders Apr. 21 1909 authorized
an Increase of £2,500,000 In the limit of 4% perpetual consolidated deben¬
ture stock and of the 4% guaranteed stock from £10,000,000 to £12,500,000.
V. 88, p. 822, 1194; V. 82. p. 692; V. 86. p. 602. 1100.
Union Station Co. bonds, V. 82, p. 452.
Montreal Warehousing guaran¬
teed bonds, .V 83, p. 37.
Gr. Trk. Pac. Devel. Co., V. 86, p. 1042; V. 90,

p.306.
»

DIVIDENDS—

For ’99. ’00. ’01
4
4
4

Guaranteed 4% stock %
First preferred
%
Second preferred
%
Third preferred
%




____

5
5
3)£ 3
0
0

5
4
0

’02.
4

5
5
1

’03. ’04. ’05. ’06.

’07. ’08. *09
.‘4
4
4
5
5
3

5

5

2^

5

0

0

EARNINGS.—11 mos., fl909-10_.Gross, $30,740,715; net, $7,607,121
July 1 to May 31.
tl908-09__Gross, 27,423,497; net, 7,401,107
REPORT.—Statement for 1909 was In V. 90, p. 1165.
Semi-annual
meeting April 1910.
V. 90, p. 1165.
Years ending Dec. 31—

Transportation expenses

4,832,340

1908.
£6.180.945
4,476,775

1907.
£7,144,506
5,197,478

1906.
£6,606,528
4,746,318

Net earnings
Total net Income
Rentals
lnt. on bds. & deb. stock
Adv. to controlled roads
Dividends on guar, stock
Do
1st pref. stock
Do
2d pref. stock
Do
3d pref. stock

£1,667,031
£2,000,809
155,206
1,082,974
72,154

£1,704,170
£1,999,984
155,206
1,067,127
155,704

£1,947,028
£2,220,187

(4)393,600
(5)170,841
(5)126,420

(4)382,463
(5)170,841
(2)4)63,210

(4)336,770
(5)170,841
(5)126,420
(3)214,939

£1,860,210
£2.100,993
155,206
1,070,923
41,537
(4)312,411
(5)170,842
(5)126,420
(3)214,939

Gross earnings

1909.
£6,499,371

155,206
1,069,136
153,350

Balance
def. £387 sur. £5.473 def. £6,477 sur. £8,714
OFFICERS.—Pres.. Chas. M. Hays: Chmn. of Board, Alfred W. Smlthers.— (V. 90, p. 559, 627, 771, 1044, 1165. 1170; V. 91, p. 154.)

GRAND TRUNK WESTERN RY.—(See Map Grand Trunk Ry.)— Owns
from Port Huron, Mich., to Chic. & West. Ind. RR.,at Chicago, 330 m.,and
trackage Chic. & West. Ind., 5 m.; total, 335 m. Stock, $6,000,000. all
owned by Gr. Trunk.
V. 69, p. 954; V. 71, p. 28.
BONDS.—The Grand Trunk unconditionally guarantees the Interest on
the 1st 4s, of which the last $563,000 were Issued to retire the Northw. Gr.
Trunk 6s on Jan. 1 1910.
The incomes have been called for payment on
Dec. 1 1910 at 85 and any
1%, paid on July coupons

lnt. then due.
V. 90, p. 1239. Int. on incomes,
in 1902 to 1905, tncl.; 4% in 1906 to 1908.
V. 83,
Jointly with Toledo St. Louis & Western guarantees Detroit A
Toledo Shore Line bonds.
V. 76, p. 653; V. 89, p 1411.
EARNINGS.—11 mos., (1909-10
Gross, $5 711,645; net, $1,393,715
July 1 to May 31.
) 1908-09
Gross, 5,079,999; net, 1,328,974
Year ending June 30 1909, gross, $5,561,717; net, $1,786,057; other In¬
come, $305,422; charges, $2,040,667; 4% on Incomes. $60,000; deficit, $9,188.—(V. 83, p. 687; V. 89. p. 1141, 1410; V. 90, p. 1239.)
p.

687.

GREAT NORTHERN RY.—(See Maps.)—Operates

a

line from St. Paul

Minn., via Spokane, Wash., to Lowell, Wash., on the Pacific coast, with
Seattle, and numerous branches in Minnesota, Nebraska, North
and South Dakota, Montana, Washington, Manitoba and British Oolumbla,
coast line to

aggregating, June 30 1909, 6,978 miles.
Lines owned in fee.
Lines owned in fee.
Miles. |
Miles.
St. Paul., Minn., to Lowell,
|Duluth, Minn., to Laramie, No.
Wash
1,7901
Dak
325
Seattle to Vancouver
1561 St. Paul,Minn., to Grand Forks
Willmar, Minn., to Yankton,
|
No. Dak—
324
2051Various

So. Dak

branches

3.318

\ Trackage
101
208 |
200 |
30
Total June
1909
6,978
1,893
351 |2d Ac., tracks A sidings
The Spokane Portland A Seattle Ry., 420 miles, was completed May 1909.
V. 85, p. 1273; V. 86, p. 1529.
In May 1910 branch from Haucks, Mont.,

Garretson. So. Dak., to Sioux
City, la., and O’Neill. Neb._
Spokane, Wash., to Nelson,B.C
Pacific Jet., Mont., to Butte..

via Lewiston to Mondalt, 350 miles, was about to be begun.
In Dec. 1908 Chic. Burl. A Quincy (Jointly held) acquired control of Colo.
A Southern, affording direct connection for the Hill lines with the Gulf of
Mexico.
V. 87, p. 1664.
In 1909 arranged to use Jointly the Northern
Pacific line. South Tacoma to Vancouver, Wash., 135 miles.
V. 88, p.1372.
In Dec. 1909 control was acquired of the Spokane A Inland Empire (Elec¬

tric) RR„ operating 247 miles.

See ‘‘Elec. Ry. Section,’* V. 89, p. 1596.

ORGANIZATION.—The stockholders voted Oct. 10 1907 to acquire the
St. Paul Minn. A Man., Eastern Ry. of Minnesota, and other roads hereto¬
fore controlled.
V. 85, p. 600,, 1209; V. 86, p. 168, 794.
LANDS.—The net amount due from land contracts June 30 1909 was
$277,302; land unsold, 815,461 acres, to be reduced about 660,000 acres by
a final adjustment with U. S.
STOCK.—In 1898 surrendered the right to Issue common stock, all stock

being “of a single class with uniform

rights and privileges.’’

Stockholders in Jan. 1907 subscribed for

$60,000,000 new stock at par,
payable In Installments to April 1908. V. 83, p. 1469; V. 84, p. 749.
DIVID’DS, 1’92 to ’96 (lncl.) ’97. ’98. ’99. ’00. *01.
1902 to Aug 1910.
Gt.North./
5% yearly
7
7
7
5)4 6)4
7% yearly, Q-F.
Also in 1898 50% In Seattle A Mont, stock, which was then exchanged
for 40% In Gt. Nor. pref.
74,
p. 829.
V. 66, p. 1044, 1188; V.
In May,
1901 )4 % and in Nov. 1907 1)4% was paid from earnings of Lake Superior
Co.
V. 85, p. 921,1405.
And In Dec. 1906, unit for unit, 1,500,000 shares
of beneficial Interest In the Iron ore properties.
See “General Finances.”
BONDS.—St. P. Min. A Man. consol, mtge. of 1883 Is for $50,000,000, of
which bonds are reserved to pay prior liens.
It Is a first lien on the land

frant
m. ofand
railway
in Minn, and
a second
lienV.86,p.229;
on the remaining
,873 and
milesonin670
Minn,
the Dakotas.
V.64,
p. 518;
V.87.
p. 1533; V. 88, p. 295,
to amount outstanding.

624, 1061, 1372.

Montana Ext. mtge. is limited
Abstract, V. 45, p. 342.
Pacific Extension mtge., £6,000,000, provides for bonds at £6,000 per
mile in Montana and £7.000 per mile west of Montana: £3.000.000 of this
issue (of which the remaining £2,000,000 was sold Jan. 1910) were released
upon payment of collateral trust bonds Sept. 1 1898.
V. 66, p. 1044, 1188;
V. 80, p. 1111, 1174; V. 90, p. 303.
See abstract of mtge. V. 52, p. 82.
In 1904 the Gt. Northern and Nor. Pac. had acquired *ld7,6l2,6ou of the
$110,839,100 Chicago Burl. A Quincy RR. stock, In exchange for their
Joint 20-year 4% gold bonds, secured by the deposit of the stock In trust,
on basis of $200 In bonds for each $100 stock.
See circular, V. 72, p. 871,
1034, 1135, and application to list V 73, p. 294, 903; V. 85, p. 600.

July. 1910,

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES

[For abbreviations, &c.,

see notes on

Miles
Road

first page]

First refund and term M gold sink fund__N.c*x&r*
Mortgage gold part due yearly red at 101.__.Mpc*

307
307

Gulf Terminal, Mobile—1st M $700,000 ggu(text)c*&r
Gulf Texas & West—1st M $10,000,000 g red 105-Mp
75
Hancock & Calumet—See Mineral Range RR
Hannibal & St Joseph—See Chicago Burlington & Qul ncy
Harrlman & Northeastern—First mortgage gold__.Ce
20
53
Harrisburg Portsmouth Mt Joy & Lane—Stock 7% gu
First M (extended in 1883) gu p & i Pa RR...GP.r
53
Hartford & Connecticut Western—Stock
124
First mortgage extended in gold in 1903
124
Hawkinsv & FT So—1st M $400,000 gold guar p & 1
44
Henderson Bridge Co—See Louisville & Nashville RR
Hibernia Mine RR—Stock
4 X
Hocking Valley Ry—Stock common to be $26,000,000
Columbus & Hocking Valley first mtge gold
76
c*
Col & Tol 1st M gold ext 1905 (V 81 p 211).__S.c*
118
First consolidated mortgage $20,000,000 gold
346
Ce
Car trusts gold $80,000 s-a (V 75 p 741)
S
Equip notes gold Ser A due $23,000 s-a
Usm
do
do
Ser B due $48,000 s-a
do
do
Ser C due $37,000 s-a
do
do
Ser D due $20,000 s-a (V 85 p 600)
do
do
Ser E due $25,000 s-a
_

_

_

_

...

_

_

_

do
do
Ser I of 1908 due $25,000 s-a.S.xc*
Bonds of coal companies guaranteed.
See Sundav Creek
Honduras Nat—1st M $10,000,000 auth red 105 aft ’15
HoosacTunnel & Wilmingt—ls'tM $250,000 authg.OB
25
Hous Belt & Ter—1st M $5,000,000 gred 105 textCec*
Hous E & W Texas—1st M gu p & 1 by So Pac__Un.c*
191
First mtge $3,000,000 gold not guaranteed
191
Hous & TexC RR—1st M 1 gr gred 110 int gu_Ce.c*&r
453
Cons M land grant gold red at 110 int guar__F.c*&r
453
General mortgage gold Interest guar
453
end__Mp.c*&r
Waco & N W Div 1st M g $25,000 p m
Ce.c*&r
58
Austin & N W (merged) 1st M g gu p & L_Mp.c*&r
103
Ft Worth & New Orleans 1st M (Wax to Ft Worth)
41
C Tex & N W 1st M guar So Pac (Gar to Wax)
1 2
F
Mortgage on cut-off $3,000,000 authorized
94

Date
Bonds

1902
1908
1907
1909

Par

Amount

Rate

When

Value

Outstanding

%

Payable

$100
1,000 &c
1,000
1,000

1895
-

•

-

-

1853
-

-

-

-

1883
1902

dsc
50
500 &c
100

100

1,000
1,000

_____

Train-load, 1908-09, 502 tons, against 509 in 1907-08.
In Oct. 1906 a contract was signed for a lease of the ore lands to the U. S.
Steel Corp.. to continue until the ore Is exhausted, unless the lease Is termi¬
nated on Jan. 1 1915 under the option reserved to the Steel
Corp., on a roy¬
alty basis of $1 65 per ton standard ore with 3.4 cts. per ton Increase each yr.;
minimum tonnage to be mined, 750,000 tons during 1907, with 750,000
In¬
crease each year until 8,250,000 Is reached.
The Iron ore properties were
transferred to Louis W. Hill, James N. Hill and Walter J. Hill as
trustees,
the 1,500,000 shares of beneficial Interest In the trust
equal to the number of
shares of stock held being Issued Dec. 1906 to Great Northern stockholders.
The profits from the Iron properties, after first
deducting the 80c. per ton
payable to the Gt. Northern Ry. for carrying the ore to the docks on Lake
Superior, will be distributed along with any profits from other ore leases
at least once a year to the holders of the trust
certificates.
See V. 83,
p. 818, 969, 1228, 1290; V. 84, p. 635, 693, 749, 996; V. 86, p. 855.
First
dlv. on ore certs.. $1 per share, natd Sept. 16 1907:
March 16 1908. $1;
Sept. 15 1909, $1; Mch. 15 1910, 50 cts.
V. 87, p. 740, 936; V. 90, p. 562.
EARNINGS.—11 mos.,(1909-10._Gross, $58,407,432; net, $23,342,541
July 1 to May 31.
\ 1908-09..Gross, 48,904,712; net, 19,070,833
REPORT.—For 1908-09 In V. 89, p. 1066, 1138, 1145; editorial, p.
1114.
1908-09.

Gross operating revenues

6,808

1907-08.
6,594

__$10,977,948 $11,189,553
39,464,811
40,311,420
3,017,703
226,982

2,711,100
217,560

$53,687,444 $54,429,633
$18,812,783 $16,328,962
$22,566,583 $20,164,477
Rentals paid
$230,890
$1,347,436
Bond Interest accrued
4,726,536
3,670,865
Guaranty Koot. Ry. & Nav. deb. stock Interest..
121,723
155,862
Int. accrued on subscriptions for additional stock.
2,038,427
Dividends on stock, 7%
14,697,473
10,483,055
Net

operating

;

revenue

Gross corporate income

Bal., transf. to fund for perm, impts. & renewals $2,789,961
$2,468,832
OFFICERS.—Chairman, James J. Hill, St. Paul; Pres., Louis W. Hill,
St. Paul; V.-P., R. I. Farrington; V.-P. &
Treas., E. T. Nichols, N. Y.;
Asst. Treas. & Sec., E. Sawyer, St. Paul; Asst. Sec. and
Asst. Treas.,
N. Terhune.
New York office, 32 Nassau St.
Directors—J. J. Hill, Frederick Weyerhaeuser, E.
Sawyer, R. I. Far¬
rington, H. W. Cannon, Samuel Thorne, Louis W. Hill, Wm. B. Dean, E. T.
Nichols.—(V. 90, p. 303, 559, 697, 1490, 1613; V. 91, p. 154.)
GREEN BAY & WESTERN RR. —Road owned from Green Bay, WIs.,
to Marshland. WIs., 209 miles: branches. 13
m.; trackage to Winona, 4 m.
HISTORY.—A reorganization June 5 1896 (per plan In V. 61,
p. 471).
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% of stock.
Class A debentures are entitled to 2
%
interest, If earned, then common stock to 2 H %. then the two share
ratably;
but after 5% on both, class B Is entitled to all
surplus earns. V. 61, p. 471.
DIVIDENDS—
’98. ’99. ’00. ’01. ’02. *03. ’04. ’05-’07. ’08. ’09
’10.
Class “A” deben_% 2H 2H 2^
4
4
3
4
5 y’ly.
•
5
5
5
Stock
%
1 M 2X
4
4
3
4
5 y’ly.
5
5
5
Class “B” deben.%
H %
H
EARNINGS.—11 mos.,11909-10
Gross, $559,930; net, $195,846
July 1 to May 31.
11908-09
Gross, 533,239; net, 158,595
REPORT for year ending Dec. 31 1909 In V.
90, p 842.
Cal.
Gross
Net after
Div.on
Dividend
Div. on
Balance,
Year.
Earnings. Taxes. Deb. “A”s.
on Stock.
Deb. “B”s. Surplus.
1909
.$588,919 $172,910 (5)$30,000 (5) $125,000 ( Ji) $17,500
$410
1908
602,106
182,037 (5) 30,000 (5) 125,000 (Vs) 26,250
787
DIRECTORS.—S. S. Palmer, Pres.; Charles W. Cox, Sec. and Treas.,
40 Wall St.; C. Ledyard Blair, J. A.
Jordan. W. J.Wilson.—(V. 90, p. 842.)
GREENE RR .—Owns road from Chenango Forks to Greene, N.
Y., 8
miles.
Leased to Delaware Lack. & Western for term
of charter for 6% on
stock.
Stock. $200,000; par, $100.
D. L. & W. owns $200,000 7% bonds.
GREENWICH & JOHNSONVILLE RR. —See page 165.
GUAYAQUIL & QUITO RY.—See page 66.—QULF & INTER-STATE
RY.—See p. 165.
GULF LINE RY.—Owns Ashburn. Ga., to
Brldgeboro, 32 miles; track¬
age, Ashburn to Worth, 6 miles; Leases (to
April 1 1953, with option to
purchase) Hawkinsvllle & Florida Southern, Havvklnsville to Worth,
44
miles; total, 79 m.
Extension proposed from Brldgeboro to
Camilla, 40 m.
Sold to Eastern capitalists
early in 1910.
V. 90, p. 502.
Stock auth.,
$400,000.
Bonds auth., $325,000 30-yr. gold 5s, Atlanta
(Ga.) Trust Co.,
trustee, all in treasury Sept. 1909.
For year ending June 30 1909, gross,
$136,336, against $114,520 In 1907-08; net,
Pres.,
W. J. Edwards; Sec. and Treas., Geo. L. $34,491, against $1,056.
Twlgg, Sylvester, Ga.— (V. 86,
p. 420; V. 89, p. 847, 502.)
J
V
OULF & NORTHWESTERN RY.—V.
90, p. 1613.
GULF & SHIP ISLAND
RR.—Company
owns from Gulfport, on
Mississippi bound, Gulf of Mexico, to Jackson, Miss., 160.5 m.;
Columbia
div., Maxle to Mendenhall, 104.75 m.
Branch from Saratoga to Laurel,
41.75 miles; total, 307 miles.
Important harbor Improvements have been
constructed at Gulfport, Including an extensive
system of docks, piers, &c ;
also a channel 7 miles
...

.

...

long extending to deep Water.
STOCK.—Capital stock, $6,500,000 (par of shares, $100),
outstanding.
DIVIDENDS.—April 1903 to July 19i0, 4% yearly. V. 88, p. 1620.




4,984^000

500,000
600.000
1,007,000

text
5 g
6 g
4 g
5 g

J —J
J
A
J
M

&
&
&
&

6 e
300,000
1,182,550 7H in’10
4
700,000
2
2,965,500
4 Yk
700,000
5 g
325,000

Places Where Interest and

Dividends

are

Payable

July 1 1910 2% Buffalo N Y
J Feb 1 1952
Metropolitan Tr Co, NY
O Apr 1911
Bankers' Trust Co, N Y

J Jan 1 1957
N Nov 1 1939

do
New York

do

J
&
J Jan 1 1916
Central Trust Co N Y
J
&
J July 10 19104% Company’s Office Phlla
J
&
J July 1 1913
do
do
F & A 31 Aug 31 19101% Hartford
J
&
J July 1 1923
do
A
&
O 1952
Union SB & Tr Co Cln

100
200,000
6
&
A
100
See text
4 In 1910 J
&
1867
500 &c
4 g
1,401,000
A
&
1875
1,000
4 g
F
2,441,000
&
1899
1,000 &C 16.156,000
&
4^ g J
1902
1,000
320,000
M
&
4^ g
1907
1,000
4
299,000
F
&
1907
1,000
4
F & A
624,000
1907
1,000
4
518.000
A
&
1907
1,000
80,000
4
J
&
1907
1,000
350,000
4
F
&
1908
1,000
4 g
375,000
F & A
Co und er “Indu strlals”
1910
See text
6
J
&
1892
1,000
240,000
5 g
M
&
1907
2.250 000
1,000
5 g
&
J
1893
1,000
2,199,000
5 g
M
&
1893
1,000
801,000
5 g
M
&
1890
1,000
2,250,000
5 g
J
&
1890
1,000
6 g
A
462,000
&
1890
1,000
4 g
4,275,000
A
&
1900
1,000
6 g
1,105,000
M
&
1891
1,000
5 g
1,920,000
J
&
1895
1,000
6
709,000
J
&
1881
180 000
1,000
6
A
&
1910
See text
6
_____

Eastern Ry. of Minnesota.—Nor. Div. mtge. of 1898 limited to $9,700,000
red. at 105 after April 1 1928.
V. 66, p. 471; V. 88, p. 1002, 1253.
The Wiilmar & Sioux Falls bonds are guaranteed.
V. 56, p. 247
GENERAL FINANCES.—Total funded debt per mile of main track
(4,961 m.) In the hands of the public June 30 1909, $20,205.
V. 85, p. 1277.

»

$6,500,000 See

Last Dividend
and Maturity

Metropolitan Tr Co, N Y

are

Average miles operated
Passenger earnings
Freight
Mall, express, &c
Other than transportation

59

o Apr 10 1910 3%
J July 18 1910 2%
o Oct 1 1948
A Aug 1 1955
J July 1 1999
N Nov ’10-May ’12
A Feb ’11-Feb ’17
15 To Feb 15 1917
O To April 1 1917
J Jan ’ll-July *12
A Feb ’ll-Aug *17
15 To Feb 15 1918
J
S
J
N
N
J
O
O
N
J
D
O

See Central of New Jersey
J P Morgan & Co N Y
do
do
do
do
do
do
do
do
U. S. M. & Tr. Co., N. Y.

Lincoln Trust Co., N. Y.
Merch.L.A Tr.Co., Chlo
First Tr.Je S. Bk., Chlo.
Empire Trust Co., N. Y,
Standard Trust Co, NY

Feb 1 1940

Sept 1 1922
July
May
May
July

1
1
1
1

Oct

1 1912

1937
1933
1933
1937

Old Colony Tr Co Boston
120

Broadway New York

120

Broadway New York

do
do
do
do
do
do

Apr 1 1921
May 1 1930
July 1 1941
Dec 1 1925
Oct 1 1911

1940

120

do

do
do
do
do
do

Broadway New York

BONDS.—Of the first 5s ($5,000,000 authorized), $4,984,000 are out¬
standing, remaining $16,000 being reserved to retire a like amount of old
bonds still outstanding.
A yearly sinking fund of 1% of bonds outstand¬
ing, which became operative Jan. 2 1905, may purchase bonds at not
exceeding 110, but the latter cannot be drawn; bonds so purchased to be
kept alive in the sinking fund as an Investment. On June 30 1909 $270,000
bonds were In the sinking fund.
See V. 74, p. 426, and application to list
V. 74, p. 1257; V. 81, p. 264.
The mtge. gold 6s of 1908 ($1,000,000 origi¬
nal issue), of which $500,000 matured
April 1 1909 and 1910 and remaining
$500,000 falls due in 1911, issued partly to defray the cost of 60 miles of
road, are secured on entire property, subject to first ref. 5s.
V. 86, p. 547,
1100.
Car

trusts June 30 1909, $255,424.
EARNINGS.—For 9 months ending March 31:
Nine
Gross
Net (after
Deduc¬
Other
Mos.—
Earnings.
Taxes).
Income.
tions.
Balance.
1909-10
.$1,612,258
$451,397
$8,658
$283,860 sur.$176,195
1908-09
1,428,953
327,016
5,445
313,955
sur.18,506
REPORT.—Report for year ending June 30 1909 was In V. 89, p. 1066.
Year—
Gross.
Net.
Other Inc.
Charges.
Balance.
1908-09
$1,873,196
$404,761
$7,702
$407,805
sur.$4,658
1907-08
2,066,328
336,619
27,064
371,451
def. 7,768
Pres., J. T. Jones, Buffalo, N. Y.—(V. 89, p. 1066; V. 90, p. 447.)
GULF TERMINAL CO., MOBILE.—Owns union passenger station and
approaches at Mobile. Ala., leased by the Southern Ry. and Mobile & Ohio
RR., which own the stock and guarantee the bonds jointly and severally,
p. & 1., by end.
Franklin Trust Co., N. Y., is mtge. trustee.
V. 84, p. 50
GULF TEXAS & WESTERN RY.—Projected from Burr’s
Ferry to
Benjamin, Tex., 475 miles, of which Jacksboro to Olney, 40 miles, had
been completed in Oct. 1909 and 35 miles to
Seymour
on Jan. 15 1910.
Stock authorized, $500,000;
outstanding July 1910, $50,000; par of
shares, $100.
Of the first 5s ($10,000,000 authorized issue), $1,007,000
have been Issued on the first 50 miles
completed from Jacksboro to Megargel.
V. 89, p. 993, 1223; V. 90, p. 109.
Equipment trusts, $27,200 5s due
semi-annually from about Aug. 1909.
Pres., J. J. Jermyn, Scranton, Pa.;
Vlce-Pres. and Chairman of Board, Roy C. Megargel, 5 Nassau
St., N. Y.;
VIce-Pres. and Gen. Mgr., Ben B. Cain, Dallas,
Tex.; Sec. and Treas.,
W. Frank Knox, Dallas, Tex.—(V. 89,
p. 993, 1223.)
HARRLMAN & NORTHEASTERN RR.—Harrlman to Petros, Tenn., 20
miles.
In Jan. 1903 entire stock
acquired In the Interest of the Cincinnati
New Orleans & Texas Pacific Ry., but Is
operated separately.
V. 76, p.
157.
In 1907 a dividend of 4% and in June 1908
2H% was paid from ac¬
cumulated surplus.
Stock, $600,000.
Year to June 30 1908, gross, $111,138; net, $32,402; chgs., $22,982; bal., sur., $9,420.—(V. 76,
p. 212.)
HARTFORD & CONNECTICUT WESTERN RY.—Hartford, Conn., to
Rhinecllff, N. Y., 110 miles, and branch, 14 miles.
Leased till Aug. 1940
to Central New England Ry. (now controlled
by New York New Haven &
Hartford RR.), the rental paying charges and 2% per annum on the
stock,
of which $1,640,000 owned by
lessee.—(V. 83, p. 213, 1290.)
HAWKINSVILLE & FLORIDA SOUTHERN RY.—Worth to Hawklnsvllle.Ga., 44 miles.
Leased May 1 1907 to Gulf Line Ry. until April 1
1952, with option of purchase.
V. 84, p. 1247.
Stock, $100,000.
acquired In April 1904 by Georgia Southern & Florida, which guarantees
bonds (see table above), principal and Interest.
Year ending June 30 1907,
gross, $55,174;
net, $8,247;
total deduc., $13,542; bal., def., $5,295.
Pres., J. B. Munson; Treas., W. P. Hopper, Macon, Ga.—(V. 84, p. 1247.
HIBERNIA MINE RR.—Owns Rockaway to Hibernia Mines, N. J.,
4 Yi m. Leased to Cent, of N. J. 1890 to Oct. 1 1910
at $12,000 yearly.
HILO RR—V. 90, p. 1613.
HOCKING VALLEY RY.—The company’s main line extends from
Rockwell to Columbus, 120 miles; Columbus to
Athens, 76 m.; Logan to
Pomeroy .83 m.; total main line, 279 miles, with trackage (Penn. RR.
system) Toledo to Walbridge, 5.5 m.; (L. S. & M. S.
Ry.) Toledo to Rock¬
well, 2.5 m.; (P. C. C. & St L. Ry.) Columbus, O. 5 m.; total main line and
trackage, 287.5 miles.
Branches, 45 m.; leases W. & J. B. Ry., Dundas to
Jackson, 17.5 m.; total, 350 miles; second track, 48.5 miles.
HISTORY, &c.—Successor Feb. 25 1899 per plan V. 68, p. 231, of
Columbus Hocking Valley & Toledo Ry. foreclosed.
The coal lands aggre¬
gate about 20,975 acres, and are covered by the consolidated
mortgage.
STOCK.—The $15,000,000 pref. stock was called for
payment at
April 30 1910 and after dissolution of a temporary Injunction was par on
retired,
about $10,000,000 thereof being provided
by the sale of the holdings In
Toledo & Ohio Central and Zanesville & Western
stock (see below) and the
remainder borrowed.
The stockholders were to vote May 11 1910 on
Increasing the authorized common stock from $11,000,000 to
$26,000,000,
but action has been restrained
pending trial of the suit of three minority
stockholders.
V. 90, p. 976, 1239, 1296,
1363, 1614; V. 91, p. 154.
SALE OF STOCK, &c.—In Mch. 1909 the
Chesapeake & Ohio acquired
the five-sixths interest in the
$6,924,200 of the $11,000,000 outstanding
common stock purchased In June
1903 by 5 other railroad companies, the
Lake Shore & Mich. Southern and
Chesapeake & Ohio acquiring the Kana¬
wha & Michigan stock
formerly held in the interest of the Hocking Valley,
and the Lake Shore
purchasing nearly all the stock of the Toledo & Ohio
Central (the last-named having been held
by the Kanawha & Michigan) and
all the stock and bonds of the Zanesville
& Western.
V. 90, p. 771, 849,977.
DIVIDENDS.—On common, July 1901 to Jan. 1907 incl., 3%
per annum;
July 1907, 2%; 1908 to 1910, 4% (J. & J.).
BONDS.—The consols ($20,000,000 authorized) besides a lien on the
entire property, subject only to
$3,842,000 prior bonds, have a first lien on
all the coal lands; $3,842,000 consols are
reserved to retire the existing bonds
(the latter may be extended at
maturity).
V. 72. p. 338; V. 74, p.
1038; V. 86, p. 229,
Substantially all of the bonds and stock of the
Ohio Land & Ry. Co. and the Wellston & Jackson
Belt Ry.. 18 miles, are
deposited under said mtge. V. 68, p. 823. Guarantees Kanawha & Hocking
Coal & Coke Co. bonds. V. 74,
p. 271; V. 77, p. 2393; V. 81, p. 507, 781;
also Continental Coal Co. bonds. V. 75,
p. 497, 987; V. 88, p. 1127. In June




os

©

RAILWY
STOCKS
AND

BONDS
[Vol.

lx i.




July,
1910.]

RAILWY
STOCKS
AND

BONDS

RAILROAD COMPANIES
on first

[For abbreviations, &c., see notes

Miles
Road

page]

Hudson Companies—Stock and notes, see text.
Hudson & Manhat—1st M $100,000,000 conv-S.xc*&r
New York & Jersey first mortgage red 110_.Q.c*
Car trusts $46,000, due seml-ann
Q
Huntingdon & Broad Top—Common stock
Preferred stock 7% non-cumulatlve
First M extended In 1600 (interest only in gold)
GP
Second M old 7s extended In 1895 p & I gold-.--GP
Third M consol extended In gold In 1895
GP.c*
14th Ser car trust $29,000 yearly Dec 1
PeP
Car trusts gold due $35,000 yearly (V. 84, p 1424)..

70
70
70
70
70

•

111
131

5s

pledged to

1883
1886
1887
1904
1908
1888
1892
1894
1881
1897
1889

857
798
218
567
567
100

se cure

lllnols

Operating revenue

;

Net (after taxes
Other Income
Gross corporate Income
Fixed charges, &c

Dividends on preferred, 4%
Dividends on common, 4%

1908-09.
$5,878,414
1,716,592
981,495
$2,698,087
$1,182,097
600,000
440,000

1907-08.
$5,841,763
1,533,887
980,395

$2,514,282
$1,149,600
600,000
440,000

100
£200
£200

10,000,000
2,500,000
1,500,000
2.499.000
£500,000

£200

1,000 &c

3,000,000
5.266.000
2.000,000
968.000

£200

1,000
1,000
1,000

500 &c
500 &C

(%) or
Dec. (—).

+$36,651
+182,705
+1,000
+$183,805
+$32,497

o

5

3.000.000

4 g

8.377.000
4.998.275
470,000
538,000
241,000
14,662,000
20.000,000
15,000,000
25,000,000

s*

5,425.000
1,000
1,000 al6,635.000
1,000
1,359,000
1,000
3.500.000
Central

4
4 g
3* g
4 g
s* g
3 g
6* g
3* g
5* g

1,000,000

1,000
1,000

Ownership of equities in N. Y. City property Is stated to be $4,500,000.
CAPITAL STOCK.—Auth. and outstanding, $16,000,000 pref. and
$5,000,000 common; par $100. Pref. stock to receive 7% cumulative divi¬
dends and also entitled to one-fourth of any other dividends.




5 g
4

4* g
5 g
3,090,000
6
500,000
100 109.296.000 7 In 1910

LANDS.—The lands June 30 1909 held for cancellation of bonds consisted
Of 264,832 acres; land contracts, $2,527,871.
V. 65, p. 869.
Year 1908-09, gross, $5,911,353; net, $1,458,563; other Income, $41,410*
charges, $944,662; bal., sur., $555,311.—(V. 90, p. 54, 914, 1363.)
HUDSON COMPANIES.—Incorporated Jan. 9 1905 under laws of New
York State.
Organized to build Hudson & Manhattan RR (which see be¬
low), which it controls.
The building erected at 33d St. and Broadway,
N. Y., and leased to Glmbel Bros., was completed June 15 1910.
V. 90.

1614, 234; V. 88, p. 748, 1127.

4* g
5 g
5,000,000
5
828,000
1,371,750 See text
2,000,000 See text
4 g
416,000
4 g
367,500

1,497,000
60,000
401.000

Improvements
79,655
101,754
—22,099
Balance, surplus
$396,334
+$173,406
$222,928
OFFICERS.—Pres., Geo. W. Stevens; Sec. and Treas., W. N. Cott,
Columbus; Asst. Sec. and Treas., A. H. Glllard, New York.
DIRECTORS.—Frank Trumbull (Chairman), Edwin Hawley, A. C.
Rearich and D. Milbank, New York; Geo. W. Stevens, Richmond, Va.;
J. B. Zerbe and James H. Hoyt, Cleveland; P W. Huntington, S. P. Bush,
R. S. Warner and F. B. Sheldon, Columbus, O.; S. C. Reynolds, Toledo, O.;
John Galvin, Cincinnati; Decatur Axtell, Richmond, Va.—(V. 90, p. 1363,
1613; V. 91, p. 154.)
HONDURAS NATIONAL RR.—To extend from Trylllo. Honduras, on
the Atlantic coast, to Tegucigalpa, with branch to Tutlcalpa, a total of 350
miles.
Will connect at Puerto Cortez with Port Cortez RR., extending
60 miles to El Plmlento on the Pacific coast.
Stock auth., $10,000,000; par
$100. The Honduras National Development Co. guarantees bonds
($10,000,000 auth.; see table), prln. and lnt. V. 90, p. 849, 559, 109.
Under the concession the Honduras Govt, may take over the road at the
end of 25 years by paying Its assessed value.
Financial agent, Le Roy
Ferry, 49 Broadway, N. Y. Pres., L. M. Fairbanks, Mansfield, Ill.; Sec.,
Spencer Hugh, Chicago; Treas., Franklin O. King, Chicago; Gen. Mgr.,
L. T. Westrlch, St. Louis.—(V. 90, p. 109, 559, 849.)
HOOSAC TUNNEL & WILMINGTON RR —See page 165.
HOUSTON BELT LINE & TERMINAL RY.—Owns a terminal line
In and around Houston, Tex., 20 miles, with large freight and passenger ter¬
minals.
Controlled by four proprietary roads, viz., Col. Southern, New Or¬
leans & Pacific (St. Louis & San Fran.), Trinity & Brazos Valley (Col. South¬
ern), St. Louis Brownsville & Mexico and Gulf Colorado & Santa Fe (Atchi¬
son system). which each owns one-fourth of the stock and under a 99-year
lease from July 1 1907 agree to pay under a pro rata wheelage basis operat¬
ing expenses. Interest on bonds and annual sinking fund of 1% of bonds
Issued.
V. 86, p. 285; V. 89, p. 1668.
Incorporated AUg. 31 1905 with
$25,000 (nominal) stock. The 5s of 1907 ($5,000,000 auth. Issue) are sub¬
ject to call as a whole at 105 after July 1 1917 or for a yearly sinking fund
of 1% of the amount outstanding.
In 1909 Texas RR. Comm, auth. Issue
of $2,246,000 bonds.
V. 88, p. 883, 1253, 1313.—(V. 89, p. 1668.)
HOUSTON & BRAZOS VALLEY RR—See page 165.
HOUSTON EAST & WEST TEXAS RY.—(.See Map of Southern Pacific.
Owns from Houston, Texas, to Sabine River at Logansport, 191 miles.
Stock $1,920,000, of which $1,918,200 owned by So. Pac. Co., which has
guaranteed $2,199,000 of the bonds, prln. and lnt., by endorsement, re¬
serving the right to redeem them at 105 and lnt. on six months’ notice.
Dlv. 16% paid in 1902-03 and 30% in; 1907-08 out of accumulated
surplus.
Guaranty, V. 70. p. 841; V. 71, p. 236.
Year 1908-09, gross, $1,236,058; net, Incl. other Inc., $450,081; charges,
$234,756; bal., sur., $215,325.—(V. 78. p. 2384.)
HOUSTON & TEXAS CENTRAL RAILROAD.—(See Map of Southern
Pacific.)—Owns from Houston, Texas, to Denison, Texas, 338 miles; Hemp¬
stead, Texas, to Llano, Texas, via Austin, 215 miles; Bremond to Ross,
Texas, 55 m.; Garrett to Ft. Worth, 53 m.; Mexla to Nelleva, 94 m.; other,
34 m.; total, 789 m. Successor 1893 to railway foreclosed. V. 45, p.792, 820.
STOCK.—Stock, $10,000,000, of which the Southern Pacific Co. owned
$9,998,300, par $100.
V. 76, p. 1084, 1192, 1407. In 1902-03 a dividend
of 6% was paid out of accumulated surplus.
V. 76. p. 1407.
BONDS.—The bonds are being gradually reduced with proceeds of land
sales.
The first mortgage was for $8,634,000.
The first mtge. bonds and
the consolidated mtge. bonds may be called for redemption at 110 with pro¬
See abstracts of all the mortgages In V. 52, p. 242.
ceeds of land sales.
Of the $5,068,000 consolidated 6s authorized $1,149,000 (not Includedln
the amount outstanding above) are held as part security for the general 4s.
There were also June 30 1909 $450,000 Lampasas extension Interim 5s
owned by Southern Pac. Co. or In sinking funds of proprietary companies
In May 1910 permission was given to issue $2,383,000 1st M. 30-year
6% bonds on the cut-off from Mexla to Nelleva, 94 miles, and also $484,393
additional as required for the completion and Improvement of the road
V. 90, p. 914, 1363.

p.

Payable

1,000
1,000
1,000
1,000
1,000

Inc.

30—

When

%

50
50
500
500

1908 control of Sunday Creek Co., which operates all the coal properties (see
“Industrials”), was sold, to be held In trust and re-conveyed to company
If authoritatively decided that Hocking Valley Ry. has a right to hold It.
LATEST EARNINGS.—For 11 months ending May 31:
11 Months—
Gross.
Net.
Charges {Net).
Balance.
1909-10
$6,873,336
$2,580,521
$381,972
$2,198,549
1908-09
5,409,396
1,747,580
444,537
1,303,043
ANNUAL REPORT.—Traffic Is mostly freight, and over 66% of this Is
bituminous coal.
Average train-load Is large—in 1009 588 tons.
Report for year ending June 30 1909 In V. 89, p. 716, 725.
Year ending June

Bate

fr. $59,675,000

1,000
1,000
1,000
1,000
1,000 &c
1,000 dsc

2,015

consol

or

Amount

Outstanding

1,000
1,000

500 &C

Refunding mortgage gold red (text)
Qxc*8sr*
Collateral trust bonds gold $
Us.c*8sr
Coll trust $25,000,000 gold on L N O 8b T..Us,c*8sr

$5,266,000

$, £

\1897
17
30
17
748

Includes

Par
Value

239 J1897

Underlying St L) Bellevue 8b Carondelet 1st M..c*

Western lines first mortgage gold
Us.c*8sr
Ch St L 8b N O cons M ($18,000,000) g Int gu..c*8sr
do
guaranteed principal and Interest. .
Memphis Dlv 1st M gold guar p 8b 1 (encD-.Us.c*

1875
1875
1886
1886
1895
1903
1886
1897
1881
1892

706

Trust bonds sterling (sec by Ch St L & N O cons). Us
First M Sp Dlv ref M (V 66. d 1237) g
Us.xc*&r
r
Rank & S W 1st M Otto to Normal June & br
Cairo Bridge bonds gold (see remarks)
Us.c*&r
St Louis Dlv & Term M $10,000,000 gold.Us.xc*&r \
do
$5,000,000 (See V 65. p 1173) g.Us.xc*&r J
Dlv 8b Termln-[St Louis Southern 1st M g_.Me.c*
al Mortgage ..JCarb 8s Shaw 1st M gold
c*
Purchased lines 1st M $20,000,000 gold..Us.xc*&r

1854
1857
1865
1899
1907
1907
1909

103

Waho
aho Southern—1st
& Wash Nor—First
M gpart
red text
lien notes
due yrly red 102 IC
*
Illinois Central—Stock $123,552,000
Leased line 4% stock guaranteed (see remarks)
First mtge of) Sterling bonds old 6s extend In 1895'
18 7 4 for Sterling bonds extended In 1905—
$15,000,000 4s of 1886 due 1951 gold
c*&r
secures all 3*s of 1886 due 1951 gold...c*6sr
equally .Us 3s of 1895 due 1951 gold
c*&r
(V 83, p 76) J3*s of 1903 due 1951 gold...c*&r.

Date
Bonds

1907
1902
1909

_ _

a

[VOL.

RAILWAY STOCKS AND BONDS.

62

g

3 g
6 g
4 g
4 g

3* g
4
4
4
4

g
g
g
g

5 g

3* g
4 g

ollateral tru st bonds

F
F
M
J
J
A
F
A
J
A
M
M
M
J
A
J
J
J
M
A
J

&
&
&
&
&
&
&
&
&
&
&
&
d>
&
&
&
d>
&
&
&
&
A*
&
&
&
&
&
&
&
&
&
&
&
&

A
A
S
J
J
O
A
O
D
O
N
N
S
J
o
D
J
J
S
O
J
J
J
F
A
D
J
J
J
J
J
D
J
M
S
M
S
3
J
N
M
A
O
M
N
A
F
J & D 15
J & D 15
&
D
J

Last Dividend
and Maturity

Feb
Feb

LXXXXI

Places Where Interest and
Dividends are Payable

Standard Trust Co, N Y

1 1957
1 1932

Guaranty Trust Co. N Y
do
do
Sept’l 0-Mch ’19
Jan 28 1904 1% Phlla off. No Amer Bldg
do
do
do
do
do
do
Feb 1 1925
do
do
Mch 31 1925
To Dec 11911
Penn Co for Ins ac.Phlla
To Oct 1 1921
Phlla Tr S D & Ins Co
Ill Tr & Sav Bk, Chicago
May 1 1932
Commonw’h Tr Co, Pitts
May 1 *12-’14
Sept 1 1910 3* 115 B’way, N Y & Lond
do
do
July 1 1910 2%
London, England
Apr 1 1951
do
Dec 11950
do
115 Broadway, New York
Jan 1 1951
do
do
Jan 1 1951
Mch 1 1951
London
New York and London
Apr 1 1951
Baring Brothers London
July 1 1950
Jan 1 1951
115 Broadway.New York
do
do
Aug 1 1921
do
do
Dec 1 1950
do
do
July 1 1951
do
do
July 1 1951
do
do
June 1 1923
do
do
Sept 1 1931
do
do
Mch 1 1932
do
do
July 1 1952
do
do
Nov 1 1955
do
do
Apr 1 1952
do
do
Nov 1 1953
do
do
Aug 1 1951
do
do
June 15 1951
do
do
June 15 1951
do
Deo 1 1951
do
Jan 25 1908 3*

Sept 30 1920

Of 1886.

Secured Gold Notes Apr. 1 1910 (V. 87, p. 1010).
Date—
Interest. Outstanding.
Maturity.
Price at Which Callable.
Feb. 1908
6 F-A
$784,000
Aug. 1 1910 Prem. 1% yrly. to maturity
Oct. 1908
6 A-O
10,000,000
Oct. 15 1911 Par and interest

Aug. 1909

5 F-A

3,000,000

Aug.

1 1912 Par and Interest

Feb. 1910
6 F-A
9,614,500
Feb. 1 1913 Par and interest
Authorized amount, Issue 1910, $11,000,000. for refunding,

&c.; out¬
502.
Holders of the notes of the $10,000,000 Issue have the option of taking
payment at maturity, or when called, in first mtge. bonds of the Hudson &
Manhattan RR. Co., at price of 85 and interest, and of the notes of the 1909
standing April 1 1910, $9,614,500.

V. 90,

p.

and 1910 Issues at 95 and interest.
All the notes are secured
H. & M. RR. Co. 1st mtge. 4*% bonds, due 1957, at rate
bonds for each $1,000 note outstanding.
V. 86, p. 285, 547;
V. 88, p. 1196; V. 89, p. 1280; V. 90, p. 447, 502.

by pledge of

of $1,500 of
V. 87, p. 37;

DIRECTORS, ETC.—W. G. Oakman, Pliny Fisk, Grant B. Schley, W.
C. Lane, John W. Simpson, Wm. M. Barnum., Albert A.
B.

Tilney, Kenyon

Conger, Wm. Henry Bamum, Charles F. Adams 2d, Arthur B. Westervelt, P. G.. Bartlett, W. G. Oakman, Pres.; Wm.HenryBarnum, V.-P.and
Treas.; W. C. Kinney, Asst. Treas.; William Everdell Jr., Sec.
Office, 62
Cedar St., New York City.—(V. 90, p. 502, 627, 1614.)
HUDSON & MANHATTAN RR.—(See Map.)—Owns and operates
double-tube tunnel from 6th Ave. and 23rd St., N. Y. City, under the
Hudson River to the Del. Lack. & West. RR. station. Hoboken, N. J..about
opened Feb. 26 1908; also double-tube tunnel from Hoboken south¬
wardly through the Erie and Pennsylvania RR. stations In Jersey City and
thence under the Hudson River to the Hudson Terminal Buildings on Church
St. (one block west of Broadway), extending from Cortlandt to Fulton St.,
opened on July 191909, making total double-track tunnel In operation 5 * m.
The line under 6th Ave. is being extended to 33d St. and in May 1909
permission was granted for further extension to 42d St. and Grand Central
3 m.;

Station.
A branch will also be built from 6th Ave. under 9th St. to a con¬
nection with the Subway at 4th Ave.
V. 87, p. 37, 614, 1011; V. 88, p.
295, 451, 686, 944, 1197, 1437, 1620; V. 89, p. 224; V. 90, p. 1041, 1296.
An extension of about 2-3 of a mile Is also being built from the Penn. RR.
station In Jersey City to a connection with the present main line of the Penn.
RR., and upon Its completion about Sept. 1 1910 a through.traln service will
be established between the Hudson Terminal Bldgs., New York, and New¬
ark, N. J., under a traffic agreement. V. 90, p. 635, 1041.
The Pennsyl¬

vania, Lehigh Valley, Erie and the Susquehanna RRs. have ticket offices in
the Hudson Terminal Bldgs. A traffic agreement has also been entered Into
with the Erie RR. The Hudson Terminal Bldgs., the largest office buildings
in the world, were opened May 1 1908.
Trains, electric and all steel.'

STOCK.—Common, $40,000,000; outstanding Mch. 31 1910, Incl. scrip,
$39,660,380; 5% non-cum. pref., with preference also as to assets, and con¬
vertible after July 1 1911 into common stock at 110, authorized Issue $10.-

000,000; outstanding $5,164,556.
Par $100.
BONDS.—Of the 1st 4*s, $59,500,000, In connection with $40,000,000
common and $5,250,000 pref. stock, have been issued on account of tun¬
nels, stations, power houses and extensions, and the two buildings at the
Hudson Terminal In New York.
Of the remainder, $5,500,000 will be used
to retire the $5,000,000 N. Y. & Jersey 5% bonds redeemable at 110, leav¬
ing for future use $35,000,000 bonds and $7,500,000 pref. stock.
Of the 4 Mb Issued as above stated, part are deposited as collateral
for Hudson Companies notes (see that company above).
The bonds will be convertible on any Interest day after Feb. 1 1912 at

Into common
when stock
at $110
share, with
to protect
Ear
ondholders
common
stock,per
In addition
to the
provisions
$40,000,000
at present
the

authorized and the further amount necessary to convert the bonds. Is Issued.
In Feb. 1909 $920,000 5% car trusts were sold.
V. 88, p. 505, 624.
EARNINGS.—For 9 mos. ending Mch. 31 1910, gross, $1,595,877; net,
$708,617; other Income, $638,063; charges, $1,344,690; bal., sur., $1,989.

REPORT.—Report with balance sheet of March 31 1910 In V. 90,
1041, showed: Earnings for 3 mos. ending Mch. 31 1910, gross (all
after taxes, $563,771; charges, $562,725 (not Incl.
$201,506, part of interest charged to construction); bal., sur., $1,046.
OFFICERS.—Pres., W. G. McAdoo; V.-P., Wilbur C. Fisk; Asst. Treas.,
F. W. Walz; Sec., C. W. King; Asst. Sec.. Wm. J. Martin and Wm. Ever¬
p.

sources), $976,655; net,

Comptroller, H. S. Corwin; Auditor, F. H. Sllllck. Directors Apr.
N. Y. offices, 30 Church St.—(V. 90, p. 1425, 1614.)
HUNTINGDON & BROAD TOP MT. RR. & COAL CO.—Owns from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles; branches, &c., 25 miles.
DIVID’S.— *98. *99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. *07 ’08.’09.
’10.
On common
0
00005100000
0
dell Jr.;

1910, V. 90, p. 1044.

On

5* 7
5
6
7
6 5*7*73X0
FyEPORT.—Report for 1909 was in V. 90, p. 911.

preferred —5

ANNUAL

Gross.
1909
$659,335
1908
632,933
Pres, and Gen. Man.,

Net.

Interest.

Dividends.

0

Balance.

$157,209
$106,190
sur.$51,019
148,522
106,190
$70,000
def. 27,668
Carl M. Gage.—(V. 90, p. 372, 447, 911.)
IBERIA & VERMILION RR—Salt Mine June, to Abbeville, La., 16
miles.
Stock, $300,000, of which $299,500 owned by Morgan’s Louisiana
Bonds, $322,000 first mtge. 5s, due
& Texas RR. & SS. Co. (So. Pac.).
Year 1908-09, gross, $60,755; net, $22,578; other income,
Aug. 1943.
$8,291; charges, $24,346; balance, surplus, $6,524.
IDAHO SOUTHERN RR.—See page 165.
IDAHO & WASHINGTON NORTHERN RR.—Owns McGuire’s Station,
Ida., northerly to Cement, 103 miles; trackage Spokane to Grand Junction,
13 miles; Clagstone branch, 6 miles.
Controls Pend d’Oreille River Nav.
Stock authorized, $5,000,000: outstanding, $1,078,800; par, $100.
Bonds are subject to call, any or all, at 107*, from Nov. 1 1912 to May 1

Co

1917, and thereafter at 105; in Aug. 1909 $3,090,000 bonds were offered,
$1,643,000 additional bonds are issuable at $30,000

secured on 103 miles.

Ser
additional
road.
V. $76,500;
For
year
1908-09,Pres.
gross,
$294,89, p. 411.
18;mile
net, of
$88,205;
int. on
bonds,
bal.,
sur.,
$11,705.
& Treas.,
F. A. Blackwell.

Office, Coeur d’Alene, Idaho.—(V. 89. p. 411.)




RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Miles
Road

Date
Bonds

Par
Value

Amount

Rale

When

Outstanding

%

Payable

640 1897
$500 8bc $23,888,000
130 1900 1,000 8bo
6,000.000
1900
98
$1,000
3,235,000
F.c*
Dubuqu e 8b SI oux Cl ty.
132 1903
1,000
4,600,000
Illinois Southern—1st M gold $5,000,000
c*
1905
Text
1,000
450.000
Illinois Terminal—1st M $500,000 gold red par...

Illinois Tunnel Co—See Chicago Subway Co.
Indiana Decatur & Western—See Cln Ind & Western
Harbor Belt—GenM$25,000,000g

do
do
do
Chic Ham 8b W first mortgage gold

1907
1907
1897

0 xc*&r*

assumed..c*&r

27.48

lm,3.;70.

1,000,8bc

600 8bc

2.500.000
1,725,000
2.500.000

Indiana Illinois & Iowa—See Chicago Ind & South.
Indianapolis & Louisville—See Chicago Indianapolis 8b Lou Isvllle
93 1886
Indianapolis Un—1st M gold s f not callable
FP.c*
93
1904
Gold notes part due yearly guaranteed text
Interborough-Met Co—Com stock $100,000,000 auth.
Pref stk 5% cum (also pref as to assets) $55,000,000
1906
Coll trust bonds gold sec by Int R T stock
c*4r
1907
Coll trust notes $15,000,000 gold call 102
Me.c
1907
Collateral trust notes extended In 1908 and 1910..
1910
Five-year notes

1,000 8bc
1,000 8bc As collateral
2.549,400
4,000,000

Interborough Rapid Transit—Stock $35.000.000
Gold M bonds $55,000,000 red 105 (text) ..G.xc*r*
Notes $25,000,000 sec by bds conv (text) -_G.xc*r*

100

35,000^000

1907
1908
1908
1879
1881
1892

1.000 8bc
1,000 8bc

23,359,000

600 8be
600 8bc
600 8bo

11.291.000
10.391.000
2.966,052

1880

1,000

198,000

£10
£10

£1.400.000

■

.

—

International & Great Nor—Receiver's certs
First mortgage gold
Second mortgage gold..—
F.c*
3d M ($3,000,000) formerly Inc, Ind scrip g..Me c*
Colorado Bridge bonds sinking fund
F
Interoceanic Ry of Mex—1st pref sh. 5% non-cum..
Second preferred shares 4%
4% debenture stock sub) to call at par £1,150.000
Debenture stock 7% “B” sub] to call 120 non-cum
Second debenture stock red at 105 after 1911 (text)
Mex B deb stock £450,000 guar red at 105 beg 1914
Iowa Central—1st M $7,050,000 g (V 49. p 582) -Me.c*
Refunding M $25,000,000 gold (see text).. Q.c*&r
Car trusts, ser A, due $32,000 yearly
PeP.c*
Jacksonville Term—1st M gold guar $500,000.Mp.c*
Jamest'n Franklin & Cl—1st M guar...
Q.xc* &r*

Text
.,

_

_

1,109
1,109
1,109
—

—

-

•

•

1,000
6.000

100
100

_____

_____

603
641
23
—

1888
1901
1909
1894
1909

1.000
1.000
1.000
1,000 8bc

234
Total system June 301909...5,937

Chicago St. L. 4b N. O. RR.,
Caro. Ill., to New Orleans...

Of which earns, kept separate—
1,370
547 Yazoo 4b Miss. Val. RR
Line to Louisville, 4bc
637
Remainder Included In earnings July 1 1909.
.4,587

HISTORY, LEASES, Ac.—Chartered In Dec. 1850. The company pays
to the State of Illinois 7% (for the 6 months ending Oct. 31 1909 $589,361)
of gross of the 706 miles owned in fee yearly in lieu of taxes.
The Chicago
St. L. 8b N. O. is leased for 400 years from July 1 1882 at 4% per annum
on its $10,000,000 stock deposited to secure the leased line stock.
The entire $5,000,000 capital stock of the Central of Georgia was turned
over to the Illinois Central In June 1909, but the road. It Is stated, Is oper¬
ated Independently.
This added 1,915 miles to the system, providing a
connection at Birmingham, Ala., and an outlet to the Atlantic at Savannah,
Ga.
V. 86, p. 668; V. 88, p. 1559.
Indlanap. South'n Ry., Indianapolis, Ind., to Effingham, Ill., 177 m , is
owned but separately oper. V. 78. p. 2442; V. 79, p. 733. 968; V. 85, p. 798;
V. 89. p. 286.
CAPITAL STOCK.—The leased line stock Is secured by deposit of $10.000,000 Chicago St. Louis 4b New Orleans stock.
(V. 65, p. 1071.)
Stockholders voted May 18 1908 to Increase the stock from $95,040,000
to $123,552,000, one-half of the new stock being subscribed at par by stock¬
holders, raising the amount out to $109,296,000. V. 86, p. 981, 1529.
In March 1910 Union Pacific owned $32,900,000 of the stock.
V. 84,
p. 51, 102, 570; V. 86, p. 480; V. 90, p. 700.
,9Q *91.'99^ *0O# '01 .Sep.'04. *05to'09.
DIVS. I '87. '88. '89. '(
1910.
7
Oom. stk /
6 yearly
7
7
5X 6 5 yearly 5 X
7 yearly
BONDS.—Cairo bridge.
See adv. In “Chronicle," May 7 1892.
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago St.L.
4b New Orleans consols of 1881.
In May 1908 they were given a lien on the
See V. 86, p. 1343.
road.
The collateral trust bonds of 1952 are secured by pledge with the U. S.
Trust Co. of New York of $16,350,000 5% 1st mortgage gold bonds of
subsidiary railroads covering 854 miles.
See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are secured by pledge of all
the Loulsv. N. O. 4b Texas (now Yazoo & Mississippi Valley RR.), $16,900,000 1st mtge. bonds, except $68,000, all the $9,104,000 mtge. Incomes
and all but $96,000 of the $10,000,000 land grant Incomes.
See adv. In
“Chronicle’’ June 11 1892, and V. 54, p. 964; V. 61, p. 112.
Chicago St. Louis A New Orleans 5? have their Interest guaranteed (by
endorsement) until the principal Is paid. The 3 Xs of 1897 are guar., prin¬
cipal and Interest, by endorsement—see guaranty V. 65, p. 1071.
The Western Lines loan of 1894, see “Supplement" of Jan. 1899.
The StJsOuis Division A Terminal bonds are for $15,000,000 authorized,
of which $5,000,000 are three per cents; $3,500,000 were Issuable for Im¬
provements, equipment, Ac., and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton 4b T. H. system;
--

Abstract of mortgage In

V. 66,

p.

138.

See also V. 66,

p. 133;

V. 71,

p. 546.

Louisville Division A Terminal mtge. Is for $25,000,000; of the bonds
$1,112,000 were reserved to purchase the 46 m. (Cecilia br.) from Louisville
8b Nashville and to retire the L. 4b N. bonds thereon.
Chicago St. Louis 4b
New Orleans took title to the Loulsv. Dlv. and Joined In making mtge. See
V. 66, p. 136, for abstract; also “Supplement * of Jan. 1899.
V. 65. d.
$67. 516; V. 66. p. 133; V. 67, p. 581; V. 75. p. 671.
The purchased lines 3Xs of 1904 ($20,000,000 authorized) cover various
minor lines acquired.
Of the bonds, $14,662,000 have been Issued on 748
miles of subsidiary branch lines purchased (of which $2,662,000 in the

treasury In

October 1909), and the remaining $5,338,000 is reserved

to retire at maturity $968,000 bonds of the Kankakee 4b Southwestern
lets due 1921 (see bond table above), and $4,370,000 bonds of the Chicago
Madison 4c North. (231 m.), which are pledged for the collateral trust
4s of 1952. (See V. 71, p. 288; V. 79, p. 1273, 1642, 2588; V. 81, p. 1105.)

The refunding mortgage gold 4s of 1908 (authorized Issue $110,000,000,
with the privilege of issuing $10,000,000 additional to acquire the Indianap¬
olis Southern, Indianapolis, Ind., to Effingham Ill., 177 miles) are subject
to call at 107 X and Interest on any interest day beginning Nov. 1 1918
See V. 87 p. 1357, 1420; V. 88, p. 295.
Cover the main line, the Chicago
terminals, the so-called purchased lines, the Springfield Division, the St.
Louis Division, 4bc., a total of 2,015 miles, subject to existing Issues of
bonds aggregating $61,766,000, incl. $2,500,000 Chicago Havana 4b West¬
ern 58 ana Rantoul RR. 5s pledged under IU. Cent, gold 4s of 1952.
Purposes for Which $90,000,000 Refunding Bonds Unissued Are Reserved
To retire a like amount of prior lien bonds
$61,766,000
Additional main track, tunnels and bridges, purchase of real
estate. Improvements, funding of Indebtedness and other
corporate purposes
28,234,000
In April 1908 filed a first lien 4% gold $30,000,000 equip, mtge. due Jan. 1
1923 (U. S. Mtg. 4b Tr. Co., trustee). V. 86, p. 1042, 1343
GENERAL FINANCES.—On June 30 1908 there were $23,590,000
loans and bills payable outstanding.
On account of this Indebtedness,
shareholders of record May 18 1908 were permitted to subscribe for $14,256.000 new stock at par.
In Nov. 1908 $20,000,000 refunding mtge.
bonds were sold.
Bills payable June 30 1909, $1,620,000.
See above.

mos.,/1909-10-_Gross, $57,334,967; net, $11,747,752
July 1 to May 31.
\ 1908-09.-Gross, 52,626,824; net, 12,094,589

EARNINGS.—11




£1.000 000

£1.150.000

£100
£100
£100
1.000

ILLINOIS CENTRAL RR.—(See Map.)—ROAD.—Operates from Chi¬
Ill., southerly to New Orleans. La., 912 miles, and westerly to Sioux
City, la., 509 miles, with numerous branches, viz. (*whlch see):
Leased—Control owned—
Miles.
Miles.
Road owned in fee—
Mem., Tenn., to Grenada, Miss. 100
Chicago to Cairo, Ill
]
708
8b
Yazoo
Ill.,
to
East)Main
Centralla,
Mississippi Val. RR.,
Dubuque, la
jstem.
Memphis to N. 0. and brs—1,370
Dubuque 4b Sioux City*
760 St. Louis Alton 4b Terre Haute. 239
Entire stock owned—
Springfield to East St. Louis,
Ill. (V. 71, p. 547)
1,075
98 Branches, 8b<;
Trackage &c
Peoria, Ill., to Evansville, Ind.,
171
...

11.655.000
140,000

cago,

with 6-mlle branch
Leased—Control owned—

929,000
80,000
93,262.192
45.740.000
67.825.000

£469,459
£1.150,000
£400.000
7,650,095
6.720.000
288,000
600.000
11.000.000

Places Where Interest and

Dividends are Payable

York

8b

J July 1 1953
A Aug 1 1951
J Jan 1 1951

J
J

8b
8b

D Dee 1 1953
J Jan 2 1925

New York
Illinois Tr 8b Sav Bk. Oh

2-4 g J
4 g
J
J
6g

8b
8b
8b

4 X g M
4 g
M

8b
8b

S

Lltch Dlv 1st M g $4,000,000
Iowa Falls 8b Sioux City—See statement of

Last Dividend
and Maturity

115 Broadway .New
do
do
do
do

3 X g J

111 Cent (Con)—Louisv D8bT M $25,000,000 g Us.xc*4r
Omaha Dlv IstMgd $5,000,000
Usc*&r

Indiana

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

64

$ g

F
J

6 g
6 g

or

See text

8b
8b

J July 1 1957
J July 1 1957
J Jan 1 1927
N May 1 1926
S Sept 1910

New York
New York City
Central Trust Co,

N Y

Fidelity Trust Co, Phlla
Drexel 8b Co., Phlla

Q—J
July 1 1907 1H
8b
o Apr 1 1956
Windsor Trust Co. N Y
8b
J
J July 1 1911

4X g A
6 g
6
6
9 In 1909
6 g
6 g
6
6 g
See text
4 g
7
See text
See text
4
7
4 X
6
6 g
4 g
8 g
6 g
4 g

J

8b

Q— J
M
M

8b
8b

July 1 1911
July! 1915
July 1 1910 2H Belmont 8b Co. New York
N Nov 1 1952
165 Broadway
N May 1 1911
Guaranty Trust Co, N Y
J

M
M

8b N
8b
S
M 8b
S
M 8b N
See text
See text

Office 195 B'way, N Y
Nov 1 1919
Sept 1907 coup last paid
Sept 1 1909
In default—See text
Sept 1 1921
ay 1910 coup pdwh due
May 1 1920
May 28 1910 2 X London

M AS1S

Sept 15 1950

Dec 11 1909 1%

J
M
M
J
J

8b
8b
8b
8b
8b

D
S
N
J
D

do
do
do

do
do
do

7 '08*09 Sept 15 1950
4 \4*08*09 1950
J 4 D 16 Jan 1 1984

London
June 1 1938
Mercantile Trust Co. N Y
do
do
Mch 1 1951
To May 1 1919 Penn Co for Ins. &c.Phlla

July 1 1939

June 1 1959

Guaranty Trust Co, N Y
Grand Central Sta., N.Y.

REPORT.—Annual meeting Is held the third Wednesday In October.
was In V. 89, p. 989, 1001; editorial, p. 962.
CNot incl. Yatoo A M.V. RR.)—
1908-09.
1907-08.
Inc. or Dec.
Average miles operated
4,547
+127
4,420

Report for 1908-09

$10,865,358 $10,991,798
36,003,897 35,357,811
10,276,257 11,647,118

Passenger earnings.....
Freight earnings
Mall, express, dec

—$126,440
+646,086
—1,370,861

Total earnings
...$57,145,512 $57,996,727
—$851,215
Net over taxes
...$16,452,904 $17,865,307 —$1,412,40$
Income from Investments, 4bc._.
3.874,708
+1,516,183
2,358,525
...

Total net Income
Hire of equipment, 4bo
Interest on bonds
Rent of subsidiary roads
Dividends on stock (7%)

$20,327,612 $20,223,832

3,270,642

....

5,703,193
3,451,908
7,650,720

Balance, surplus

5,543,143

4,569,860
3,209,395
6,652,800

+$103,780
-2,272,501
+ 1,133,333
+ 242,513
+ 997,920

$251,149

+$2,515
$248,634
1,370 miles; average.
against 1,297 In 1907-08. See report at length In V. 89, p. 989, 1008.
Gross.
Year—
Net(over tax) Oth. Inc. Chgs.,Ac.
Bal., surp.

YAZOO 8b MISSISSIPPI VALLEY.—Results

on

.

1908-09

$10,035,257

$1,019,182

1907-08

10,098,391

1,025,774

$1,750

1,750

$1,226,010

1,346,033

def.$205,078

def. 318.509

OFFICERS.—Pres., James T. Harahan; V.-P. and Gen. Mgr., D. L.
Park; V.-P. and Sec., A. G. Hackstafl; Treas., E. T. H. Gibson.
General
office, Chicago, Ill.; New York office, 115 Broadway.
Directors.—Walther Luttgen, John W. Auchlndoss, J. T. Harahan,
Cornelius Vanderbilt, J. Ogden Armour, John Jacob Astor, Chas. A. Pea¬

body, R. W. Goelet, John G. Shedd, A. G. Hackstaff, R. S. Lovett. H. W.
de Forest, and, ex-officio. Hon.Chas. S. Deneen, Gov. of Ill.—(V,91,p.94).
ILLINOIS SOUTHERN RY.—Owns Salem to Bismarck (Including River
Transfer. 1 mile), 122,86 m.; Chester branch, Missouri Jet. toChester, 10.70
Rosborough branch, Sparta to Rosborough, 5 m.; total owned, 138.56
m.; leases Ill. Cent, trackage, Branch Jet. to I. C. Jet., 2.75 m.; total. 141.31
m.
Successor June 1 1900 of the Centralla 8b Chester RR., foreclosed.
V. 70. p. 1048; V. 71. p. 29.
Stock, com., $4,000,000; 6% cum. pref..
$1,000,000; par, $100, all Issued. Of the bonds. $400,000 was reserved
for lmprov. and equip, at not over $200,000 yearly.
V. 79, p. 500. Of the
bonds, $3,900,000, with $3,400,000 com. and $1,000,000 pref. stock, was
Included in the collateral turned over to the Chicago banks in Jan. 1910
on settlement of the Walsh notes.
V. 90, p. 167.
REPORT.—For year ending June 30 1909, gross, $362,517; net, $80,476.
In 1907-08, gross, $345,852; net, $73,211; int. and taxes, $243,417; bal.,

def., $170,206.
Pres., E. K. Bolsot; Treas., F. O. Wetmore; Aud., A. F.
Williams.
Office, Grand Central Station, Chicago, Ill.—(V. 90, p. 1239.)

ILLINOIS TERMINAL RR.—Owns terminals at Alton, Ill., and road,

Alton to Hartford. Ill., 6 miles; Hartford to Edwardsvllle Jet., 7.1 m.;
leases from Wabash RR.. Edwardsvllle Jet to Edwardsvllle, 1.6 m. Stock.
$500,000; par, $100.
Year 1907-08. gross, $167,549; net. $70,787; int.,
taxes, 8bc., $32,522; bal., $38,265. Pres., Geo. M. Levis.—(V. 79, p. 2205.)

ILLIN3IS TUNNEL CO.—See Chicago Subway Co.—(V. 90,p.849.)
INDIANA HARBOR BELT RR — Owns Whiting, Ind., to Blue Island.
Ill., 14.4 miles; McCook to Franklin Park, Ill., 11.2 m.; Argo to Union Stock
Yards, Chicago, 10.3 m.; State line to Grasselli, Ind., 5.3 m.; branch, 1.3 m.;
total owned, 42.6 m.; operates jointly Chicago Term. Transfer RR., Blue
Island, ill., to McCook, 13.6 m.; mlsc. trackage, 50.1 m.; total, 106.3 m.
Nov. 1 1907 acquired Chic. June. Ry.
V. 85, p. 1270, 1209; V. 86, p. 108.
Stock outstanding, $2,450,000, all owned by Lake Shore 8b Mich. Sou.
Of the bonds $25,000,000
and Mich. Cent., which guarantee the bonds.
authorized Issue), $2,500,000 are reserved to retire the Chic. Ham. 8b
Western 6s and $725,000 were Issued to retire the Mich. Central and Term.
RR.

Joint 4s and $1,000,000 for additions and betterments.

The $2,500,000

bonds Issued in payment of Chic. June. Ry. bear interest at 2% yearly
from July 1 1907 for 5 years, then 3% for 5 yrs., then 4% to maturity; V. 86,
p. 108.—(V. 85, p. 1270; V. 86, p. 108.)

INDIANAPOLIS UNION RY .—Owns 3.23 miles of yard tracks and
sidings, .93 of a mile of road with terminals at Indianapolis, Ind., and
leases for 999 years the Belt RR. of Indianapolis—9.40 m. (which see).
Clev. Cincinnati Chicago 8b St. Louis, the Pittsburgh Cincinnati Chicago &
St. Louis and the Vandalia RR. are virtual proprietors, they having in¬
vested in it $1,025,028 to Dec. 31 1909.
No stock outstanding.
The$a0,000 4% notes of 1904 are guar., prin.andint ,by Pitts. Cln Chlo
8b St. L. and Cleve. Cine. Chic. 8b St. L.
V. 80, p. 871.
EARNINGS.—In 1909, gross, $1,098,0 13; total deductions, $1,051,525;
bal., sur., $46,483.—V. 83 p. 213.

INTERBOROUGH-METROPOLITAN CO.—ORGANIZATION.—Incor

porated on Jan. 24 1906 as an amalgamation (per plan V. 82, p. 217,280) of
the Interborough Rapid Transit Co. and Metropolitan Street Ry.
In Feb.
1907 $33,912,800 of the $35,000,000 stock of the Interb. Rapid Transit Co.,
$42,740,000 of the $52,000,000 Metropolitan St. Ry. stock and $29,373,100
of the $30,000,000 stock of the .Metropolitan Securities Co., Its holding
company had been acquired.
V. 82, p. 692. See Interborough Rapid
Transit Co. below and Metrop. St. Ry. In “Electric Railway* Section
Favorable decision, V. 85, p. 99, 654.
In Sept. 1907 receivers were ap¬
pointed for Metrop. Street Ry. and of Its lessee, the New York City Ry..
whose stock is all owned by the Metropolitan Securities Co.,the Metropolitan
Street Ry. dividends being suspended.
V. 85, p. 793, 864; V. 89, p. 593.
In July 1910 $4,000,000 notes were sold to settle litigation on account of
stock liability In Metropolitan Securities Co.
V. 91, p. 38.
Mileage of Companies Comprising Interborough-Metropolitan System.
82.20 miles
Interborough Rapid Transit Co., subway
Elevated (Manhattan Railway, leased)
118.05 miles
Surface lines owned or controlled by Interb. Rap. Tran. Co..154.03 miles
New York City Railway and subsidiary companies
519.46 miles
Total (single

track)

873.74 miles

July, 1910.]




RAILWAY STOCKS AND BONDS

65

ILLINOIS CENTRAL
SYSTEM.

66

STOCK.—The pref. stock has voting power upon default of payment of
V. 82, p. 217, 280.
DIVIDENDS.—Dlv. on pref., 1X % quar., paid July 2 1006 to July 1907
Inclusive; none since to July 1909. V. 85. p. 600.
VOTING TRUST.—All the common stock Is deposited under a voting
trust agreement to Mch. 6 1911, subject to termination In the discre¬
tion of the voting trustees, viz.: August Belmont, Walter G. Oakman,
Thomas F. Ryan, Cornelius Vanderbilt and Peter A. B. Wldener.
BONDS.—The collateral trust 4X8 of 1908 (Windsor Trust Co., N. Y.,
trustee) are secured by pledge of all the stock of the Interborougb
Rapid Transit Co. or voting trust certificates therefor acquired at the rate
of 81,000 In bonds for $500 Interborough Rapid Transit stock, V. 82, p. 280.
A 8500.000 5% mtge. due In 1911 covers property In 218th St.
V. 88, p. 95.
The coll, trust 5% notes of 1907 extended in 1910 (815.000,000 auth.
Issue) can be issued only pro rata as the collateral mentioned (V. 84, p.
1248) In the deed of trust Is deposited. Collateral may be withdrawn on
deposit of an amount of cash as fixed by the deed of trust or additional notes
of Metropolitan Street Ry.
There are 82,549,400 6% notes (extended) due
July 11911. V. 85, p. 1401; V. 86. p. 1285: V. 90, p. 1491.
In July 1910 sold 84,000,000 5-year 6% notes at par.
V. 91, p. 38.
dividend thereon.

REPORT.—Report of holding company for year ending Dec. 31 1909
In V. 90, p. 234
Total receipts, 53,342,581; Interest, taxes, 8bc.,

was

83,372,216;

balance, deficit, 329,635.

Contained Operations—Interborougb Rap. Tran. Co. and N. Y. City Ry.
Changes.
Year end. March 31—
1906-07.
1905-06.
Gross earnings
843,353.841 340,693,671 Inc. 32.660,170
Operating expenses
21,841,884
21,044,516 Inc.
797,368

.521,511,957
1,187,464

.19,649,155
1,215,781

Inc. 51.862,802
Dec.
28.317

Total Income
322,699,421
•Interest rentals and taxes
517.956,552
Int. (4X%) on Int.-Met. bonds 3,150,000

520,864,936
516.766.926

Inc. 51.834,485
Inc. 51.189.626
350,000
Inc.
Dec. 2,973,520
Inc. 2.273.990

Net earnings
Other Income

.

.

Metrop. St. Ry.

guar, divs
Int.-Met. 5% pref. dividend

666,368
2,273.990

a2.800,000
3,639,888

Deficit

51.347.489
52,341.878 Dec. 5994.389
•Excluding Metrop. special franchise tax In litigation, a Dividend.
OFFICERS.—Pres., T. P. Shonts; V.-P., J. B. McDonald. Office. 165
Broadway, N. Y.—(V. 88, p. 997, 1372; V. 90, p. 234, 1491; V. 91, p. 38.)
INTERBOROUGH RAPID TRANSIT CO.—(See Map.)—Incorporated
May 6 1902 In N. Y., and Is now operating municipal tunnel RR. in N. Y.
City, extending, with two tracks, from Battery to City Hall, and as a fourtrack line from the City Hall (with two-track loop at that point) under new
Elm St., Fourth and Park aves., to 42d St., thence under 42 dSt. and Broad¬
way to 103d St.; also as two-track lines, partly viaduct, (a) from 103d St.,
on the West Side, to Van Cortlandt Park, (6) from 103d St. to the East Side
and Bronx Park.
Extension (two-track) under the East River via Fulton
and Flatbush avenues to Atlantic Ave., Brooklyn, 2 X miles, there connect¬

ing with the Long Island RR.,

was

opened May 1 1908.

Total, about 74 %

m. ot track on 26X miles of road (of which 19Xsubway and 7 elevated);
leases Manhattan (Elevated) Ry., 118 m.; surface lines owned or controlled,
155 m.; total, 344 miles.
V. 77, p. 827; V. 80, p. 222, 1912; V. 84, p. 1306,
V. 85, p. 600, 654, 1005; V. 86, p. 108, 1100.
ALLIES.—Has agreement with N. Y. City Interbor. St. Ry., controlled
by allied Interests.
8 m. operated.
V. 80, p. 117. 1175, 1479; V. 82, p.
868,1268; V. 86, p. 1100.
Controls Subway Realty Co. V. 82, p. 218, 513.
Owns stock of N. Y. 8s Queens County Ry., 74 miles, and (Jointly with
Long Island RR.) the N. Y. & L. I. Traction Co., 56 miles. V. 80, p. 2621;
V. 83, p. 818; V. 86, p. 1100.
Also owns New York 8s Long Island RR.,
whose tunnels from Manhattan to Long Island City were completed In
Aug. 1907 and In June 1910 were about to be transferred to another com¬
pany with a view to operation.
V. 81, p. 1492; V. 82, p. 751; V. 83, p. 1229;
V. 84, p. 1248; V. 85, p. 345, 793, 864, 1339, 1518; V. 86, p. 669, 1344;
V. 88, p. 101, 231, 624; V. 89, p. 1069; V. 90, p. 1554, 1614.
Pelham Park
Ry. and City Island RR., see security holdings, V. 83, p. 155.
CONTROL.—In Dec. 1907 533,912,500 of the 535,000,000 stock had
been exchanged for 200% In 4 X % collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
CONTRACTS.—Contract with city called tor the construction of the road
from City Hall north for 535,000,000 and Its lease to the company for 50
years from completion, renewable for another 25 years, the rental to be
equal to the Interest on the city's bonds Issued for construction (but not for
easements. &c.) and a sinking fund of 1 % yearly to retire the bonds.
See
provision V. 82, p. 1157. In Dec. 1907 55.934.798 was allowed for extra
construction.
V. 85, p. 1461. The company also at Its own expense pro¬
vided the electrical equipment (costing over 526,000,000; see V. 82, p.
452).
For contract see V. 69, p. 1063. The extension from City Hall
Manhattan to Brooklyn was built without aid from the city except about
84,000,000. and leased for 35 years with privilege of renewal for 25 years.
V. 86. p. 196; V. 75. p. 184, 1086, 1202.
See V. 76. p. 101. 1234.

DIVIDENDS.—July 1904, 2%; 1905, 8X%; 1906. 8X%: 1907 to July
1910, 9% yearly (Q-J).
BONDS AND NOTES.—555,000,000 mort. bonds, dated 1907, are

Surchasable
Int. by to
105also
andsubject
a yearly
fund ofday
5300,000,
beginning
1 1910,atand
call onsinking
any interest
at the same
price
ov.

In amounts not less than 51,000,000.
The proceeds to be used to provide
for the 535.000.000 notes due 1910 and 1911, and future requirements.
In
July 1909 the 510,000,000 bonds reserved to retire the notes due March 1910,
which were called for payment on Sept. 1 1909, were sold.
V. 89, p. 41,
The bonds are secured by all the real estate and power houses, lease¬
103.
hold Interest in the subway. Manhattan Ry., stocks and bonds owned,
advances to other co’s and other property; total cash cost, 554,095,419.
The 523.359,000 3-year 6% notes dated May l 1908, are secured by
deposit of 528,030,800 of above bonds, Into which they are convertible at
the option of the holder to Nov. 1 1910 at the rate of 99 In collateral notes
for 5100 in bonds.
The deposited bonds may be withdrawn after Nov. 1
1910 on payment In cash of at least 83 1-3% of the face value.
V. 86.
p. 1100, 1042, 981; V. 87. p. 1479, 1610; V. 90, p. 1170.
REPORT.—Annual statements, V. 90, p. 499; V. 89, p. 664, 1661.
—

Gross

earnings
Operating expenses

Years end. Dec. 31—
1909.
1908.

—Years end. June 30—

1908-09.

1907-08.

527,963,377 525,447,340 525,775,392 524,059,299
10,759,738 10,869,547 10,747,443
10,722,694

Net earnings
___517,203,639 514,577,793 515,027,949 513,336,6(
Total net income...---517,941,328 515,612,155 516,412,593 514.556.7J
Int. and rentals (lncl.
Manhattan guaranty) .510,468,035 510,208,531 510,022,963
59.269.6f
Taxes.
1,692,651
1,715,177
1,799,807
1,586 4(
Dividends (9%)
3,150,000
3,150,000
3,150,000
3,150 0(

Surplus
52,630,642
5538,447 51.439.823
5550,659
DIRECTORS.—August Belmont (Chairman). Alfred Skltt. Morton F.
Plant. Andrew Freedman, James Jourdan, John Pierce, Geo. W. Yountr
Wm. A. Read, Cornelius Vanderbilt, Edward J. Berwlnd, Edwin Hawley
H. M. Fisher, Gerald L. Hoyt. Thee. P. Shonts. New York? and Gardlnei
M. Lane, Boston.
Pres., T. P. Shonts; V.-P., Frank Hedley, David W
Ross; Sec., H. M. Fisher; Treas., John H. Campbell.
Office; 165 B’wav*
New York.—(V. 90, p. 499. 976, 1170; V. 91, p. 94.)
y’
INTERNATIONAL & GREAT NORTHERN RR.-OSse Map Missouri Pa
e0tfc.)—Longview, on Tex. 8s Pao.(near Shreveport, La.), southwesterly to
Houston and Galveston, also to Laredo, Tex., on Mex. National RR and
Spring northerly to Ft. Worth; total July 1909, 1,159 miles, viz.:
Lines owned—

Longview, Tex., to Laredo

Palestine to Houston. Tex

Mlneola, Columbia, 8bc
Fort Worth to Storing
Navasota to Madlsonvllle

Miles.

Joint trackage—
Miles.
494 Galveston Houston 8b Henderson
150
(Jointly with M. K. 8s T.)
50
121 Other lines
26
261 Houston, Oak Lawn 8b Magnolia
47
Park Ry
10

ORGANIZATION.—Stock authorized Is 525,000,000; outstanding
755,000; par, 5100; controlled In Interest of Missouri Pacific.
*’

so

*

.

’

RECEIVERSHIP.—On Feb. 26 1908Thos.J. Freeman was appointed re¬
ceiver.
The March 1908 coupons on 2d and 3d mtge. bonds were defaulted
bonds also remaining unoald’
debt, and the Texas RR Com¬
mission ordered Improvements costing several million dollars, for which
funds could not be secured.
a large amount of earlier coupons on 3d mtge.
as well as a large amount of unsecured floating




[VOL.LXXXXI

RAILWAY STOCKS AND BONDS

In May 1910 foreclosure was ordered under the 2nd and 3d mortgages.
V. 90, p. 1296.
Receiver's ctfs., 5340,000 6s (5240,000 since retired), were
authorized to pay the interest due May 1 1908 on 1st M. bonds.
V. 87,
p. 812.
Receiver’s ctfs. outstanding March 31 1910, 5100,000. Judg¬
ments. 54,929,098, entered May 14 1908.
V. 86, p. 1285.
2nd M. Bondholders' Protective Committee.—A committee consisting of

W. Emlen Roosevelt, Edgar L. Marston and H. K. Pomroy of New York
and John W. Hamer of Philadelphia (Farmers’ Loan & Tr. Co., depositary),
early In 1908 requested deposits of 2d mtge. bonds. In 1908 most of the

510.391,000 2d mtge. bonds had been deposited.

V. 86, p. 1042, 1343,1425.
3d M. Bondholders' Committee.—A committee (Alvin W. Krech, Chair¬

Eqult. Tr. Co., N. Y., depositary) in May 1910 requested deposits.
1170.
BONDS.—The 2d mtge. Int., scaled to 5%, upon default reverted to 6%
as formerly.
V. 73, p. 445. June 30 1909, car trusts, 5838,983.
EARNINGS.—11 mos.,(1909-10
Gross, 57,923,438; net, 51.483,448
July 1 to May 31.
(1908-09
Gross, 8,097,939; net, 1,499,794
For fiscal year 1908-09, as reported to I. C. Commission, gross, 58,097,939;
net, 51.499.793, against 5460,391 in 1907-08.
man,

V. 90. p.

Years—
Gross.
Net.
Other Inc. Chges., Ac.
Balance.
1908-09
546,521 52,712,583 def.51,166.268
56.097.939 51.499,794
1907-08
6,922,268
363,560
66,444
*2.890,468
def.2,460,464
1906-07
8,826,957 1,950,008
4,530
1,780,811
173,727
*
Includes Joint facilities. 567,513, and hire of equipment.balance. 5240,130, and 5272,402 for add’ns and betterments.—(V. 90, p. 1296, 1425.)

INTEROCEANIC RY. OF MEXICO. LTD.—See page 165.
IOWA CENTRAL RY.—(See Map.)—Operates Peoria, III., west to Oskaloosa, la., thenoe northerly to Albert Lea, Minn., forming a through line
via Minn. & St. L. RR., from Peoria, Ill., to St. Paul, Minn., 558 miles, viz.:
Miles.

Leases—(stock owned.)
Miles.
Ia. C. 8b W., Belmond to Algona. 37
363 Track, Iowa Jet. to Peoria
3
Belmond, 8bg
127 Manly Jet., La., to Albert Lea,
Minn, (owned jointly)
28
HISTORY.—Reorganization (by plan In V. 44, p. 653) of the Central

Owns—
Iowa Jet.,
Iowa
Branches to

Ill., to Manly Jet.

Iowa, sold In foreclosure In 1887-88. In 1900 Minneapolis & St. Louis inter¬
through purchase of common stock
V. 70, p. 1249.
STOCK.—Com., auth., 511.000.000; Issued, 58,524,683. Pref., author.,
57,400,000; Issued, 56.674,771. The pref. Is entitled to 5% (non-cum.),
then com. to 5, then both share pro rata.
V. 62, p. 548. Par 5100.
DIVIDENDS.—On pref. In 1892. 1%; 1899, 3; 1900, IX. none since.
BONDS.—The refunding 4s of 1901 are secured by a mortgage on the en¬
tire property now owned or hereafter acquired, subject to the 57,650,000
first 5s, for which an equal amount Is reserved.
The balance Is Issuable
for future extensions at not exceeding 525,000 per mile. Improvements and
equipment. V. 73, p. 899. In July 1909 55,720,000 were sold and listed:
5395,000 additional In treasury. V. 86, p. 229, 1589; V. 87, p. 1420;
V. 88, p. 564; V. 89, p. 163.
In 1909 sold 5320,000 5% equipment trusts;
V. 88, p. 1437; V. 89, p. 1341.
EARNINGS.—11 mos., (1909-10
Gross, 53,094,847; net, 5617,061
(1908-09.
Gross, 2,771,830; net, 438,387
July 1 to May 31.
ANNUAL REPORT.—Report for 1908-09 was In V. 89, p. 1341.
Com¬
parisons are Inaccurate, owing to changes in accounting in two later years.
Soft-coal tonnage In year 1908-09 was 1,105,523 (47% of total tonnage.)
Year ending June 30—
1909.
1908.
1907.
1906.
Gross earnings
58.015.647 53.002.475 58.132.048 52.958,587
Net earns, (over taxes).
80J.121
454.871
981,840
774,849
Tot.net rec'ts(lncl.rents)
970.917
568,522
1,201.467
992,536
796.042
746.973
755.872
755.094
Interest, rentals. &C...
Balance, surplus— def. 5227,521 sur.5223,944 sur.5445.595sur.5237.442
—(V. 87, p. 1233, 1420; V. 88, p. 452, 564, 1437; V. 89, p. 163, 1341.)
ests obtained control

GUAYAQUIL & QUITO RY.—(3X-ft. gauge.)—Owns from Guayaquil
Ecuador, about 286 miles, with two branches, completed June

to Quito.
1908.
V.

81. p. 556; V. 83, p. 1170.
Stock authorized, pref., 7% cum., 35,250,000; common, 57,033,000; par,
Of the common 53,445,700 is Class A, $3,586,300 Class B and 51,000
3100.
special voting stock held by the council of foreign bondholders, who may

appoint three directors.

Class C may be redeemed at par at any time after

all bonds now or hereafter guaranteed by Ecuador shall have been paid in
full.
V. 89, p. 1483.
The 5s (formerly 6s) of 1899 are guar., prln. and Int.,

by the Gov't of Ecuador, secured by a lien, subject to that of the prior lien
bonds, on all the customs duties, the Govt, receiving 49% of com. stock.
Late in 1908 an agreement was made for the surrender of the four ooupons
of the general series bonds from July 1907 to Jan. 1909 in exchange for
590 of Gov’t "Salt" bonds bearing 4% int and 4% sinking fund, to be used
to dnaw the bonds for payment at par; also for the Issue of 52.486.000 of
6% prior lien bonds having a preferential mortgage on the road and customs
revenues redeemable by a sinking fund of 2 X % at par or as a whole at 105,
the Interest on the general series Donds being reduced from 6 to 5%.
After
the payment of the prior lien bonds the Government Is to continue to pay
5% and 1 % sinking fund.
The holders of the general series bonds received
5100 per 51.000 bond in non-int.-bearing certfs. V. 87, p. 1478; V.88, p. 564.
Pres.. Archer Harman; V.-P., T. H. Powers Farr, New York; Sec. and
Treas., John J. Ginnane. N. Y. office, 33 Wall St.—(V. 90, p. 1170.)

JACKSONVILLE TERMINAL RY.—Owns union freight and passenger
depots and terminal properties at Jacksonville, Fla., Including 23 miles of
track used by Atl. Coast Line RR., Seaboard Air Line, Florida East Coast
Ry., Southern Ry. and Georgia Sou. 8b Florida Ry., the five companies
first named guaranteeing by endorsement the prln. 8b Int. of above bonds
and owning entire stock.
The five cos. each guar, one-fifth of the Int. under
rentals and meet expenses on wheelage basis.—(V. 71, p. 135.)
JAMESTOWN FRANKLIN & CLEARFIELD RR.—Owns from James¬
town, Pa., on the Lake Shore 8b Mich. So., to Brookville, Pa., 99 miles;
branches, 25 m.; trackage to Clearfield, Pa., 54 m.; total, 178 miles.
Controlled by Lake Shore 8b Michigan Southern. A consolidation in 1909.
V. 88, p. 506, 1002.
Leased to the Lake Shore & Mich. Sou. from April 1
1909 for the term of the corporate existence and renewals, rental covering
Interest on bonds and 5% yearly on 53.000,000 stock (all owned by Lake
Shore), payable quarterly (Q.-J.)
Of the 4s of 1909, 511,000,000 guaran¬
teed by the Lake Shore were Issued to retire outstanding debts ana bonds
and remaining 514,000,000 reserved for extensions and Improvements.
V. 90, p. 167, 697.—(V. 90, p. 167, 697. 1554.)
JEFFERSON RR.—Owns Lanesboro, Pa., to Carbondale, Pa.. 37 miles,
double track; branch, West Hawley, Pa., to Honesdale, Pa., 8 miles. Leased
In perpetuity to the Erie RR. Co. for 5140,000 per annum for main line
and 514,940 for branch. Used by Delaware 8b Hudson to reach Carbondale.
Stock, 52,095,450; all owned by Erie RR.—(V. 87, p. 1479.)
JONESBORO LAKE CITY & EASTERN RR.—Owns Jonesboro to Barfield, Ark., 67 miles; Osceola Jet. to Osceola, Ark., 20 miles. Stock.
5600,000.
Bonds (51.000,000 authorized tssufe). Bank of Commerce 8b
Trust Co.. Memphis, Tenn., trustee.
For year et ding June 30 1909 gross.
5151,976; net, 530,931; charges, 530,942; dlvl ~ds, 55.850; bal., def.,
55,862. Pres., E. F. Brown. Office, Jonesboro, Ark.—(V. 81, p. 1665.)
JOPLIN UNION DEPOT CO.—Has under construction on 26 acres owned
at Joplin, Mo., a union freight and passenger station and terminals, to be
used by the Atch. Top. 8s S. Fe, Kansas City Sou., Mo. Kans. 6c Texas
and Mo. 8b Nor. Arkansas, which jointly own the 840,000 stock and jointly
and severally guarantee the bonds, prln. and Int.
Of the bonds (8750,000
auth.), 3500,000 sold; Philadelphia Trust, Safe Deposit 8b Insurance Co.,
trustee.
Total stock authorized, 5500,000.— (V. 90, p. 502, 627.)
KANAWHA & MICHIGAN RY.—(See Map Toledo A Ohio Central.) —
Owns Corning, O., to Gauley on the Ches. 8b Ohio, 177 miles, less 18 miles.
Pomeroy to Galllpolls, and 1 mile, Athens to Armltage, where Hooking
Val. Ry. tracks are used.
Also owns branch of 11 miles leased to Toledo
8b Ohio Central and Col. Sandusky 8b Hocking Ry. companies.
HISTORY, 8bc.—Reorg. In April 1890 of K. 8s O Ry. foreclosed (See
V. 50, p. 451, 483.)
In 1890 a majority of stock (34,600,000) was acquired
by Tol. & Ohio Cent., which guaranteed the bonds, prln. and Int., but in
Mch. 1910 was sold to Chesapeake 8b Ohio and Lake Shore 8s Mich. Southern
jointly, 53,391,000 of the 84,400,000 minority stock having to Apr. 6 1910
agreed to accept 572 per share, less 1 X% commission. A minority stock¬
holders’ committee, John Stanton, Chairman; William C. Taylor, 37 Wall
St., N. Y., Secretary, objects to sale to the new interests.
Litigation pend¬
ing. V. 90, p. 771, 849, 977, 1425.
(See V. 52, p. 165, 351.) Capital
stock, 510,000,000 (51.000,000 in treasury July 1909).
LATEST EARNINGS.— (1909-10
Gross, 52,082,898; net, 5577,015
9 mos., July 1 to March 31.(1908-09
Gross, 1,634,264; net, 284,155
Surplus oyer charges, 9 months, 5471,441, against 5156,266 sur. in 1908-9.

JtJLT, 1910.]




RAILWAY STOCKS AND BONDS.

M AP

OF the

INTERBOROUGH
RAPID TRANSIT CO.
SUBWAY and ELEVATED Systems.
SUBWAY Shown.-.
MANHATTAN ELEVATED,

68




RAILWAY STOCKS AND BONDS.

[VOL.

LXXXXI

July, 1910. |




RAILWAY STOCKS AND BONDS

«9

oMAP OF THE

KANSAS CITY SOUTHERN
RAILWAY.

HALLWAY STOCKS AND BONDS

70

Miles
Road

RAILROAD COMPANIES

[For abbreviations, <fec., see notes on first page]

■Rniilnmftnt. trusts

_

_

1867
1889
1905
1910

$1,000
1,000
1,000
1,000

15
164

1904

1,000
1,000
1,000

_

_

_

...

Equipment bonds due $23,000 semi-annually
r|n

Rtfml-annually

duft

do

rln

_

Kanawha & West Va—First M $5,000,000 g text—c
Car trusts due $32,000 Dec yearly
Ba
Kansas City Belt—See Kan City Terminal Ry.
Kansas City Clinton & Spring—1st M g guar—NB.c
Kansas City Fort Scott & Memphis Ry—
Ref M $60,000,000 gold guar p & 1 end._Me.xc Ar
g K C Ft S A G 1st M Id gr s f dr’n 110 (ext In 1908) _c'
c
Memphis Kan A Col first mortgage
Kansas A Missouri RR first mortgage
Kansas City Ft Scott A Memphis RR cons

•

p

c

M. NB.cf
gCurrent River RR 1st M $20,000 p m guar
NB
f
drawn
UKans Cy & M Ry A Bdge 1st M g s
at 110.c
s,
Ozark Equip Co 1st M guar $1,000,000 call at par..
Kans Cy Me‘m A Blrm gen M $4,500,000 cur.-OB.c
OB.c
Efe
Income non-cumulatlve
Kr*
do
stamped fixed Interest redeemable text. _
F Blrm Belt 1st if gold red 102 4 guar p & 1 end..OB
r
Equipment notes Series A due $65,000 seml-ann
m
do
Ser B $85,000 due s-a (V 81, n 1044)...Ba

Kansas City Mexico & Orient—1st M gold (see text).
Kansas City Outer Belt & Electric--1st M $3,000,000g
Kansas City Southern—Pref stk 4 % n-c $21,000,000.
First mortgage gold $30,000,000
Me.c Ar
Ref and imp’t M $21,000,000 gold red 105 xc * Ar N
Equipment notes gold red par due $72,000 s-a
N
do

do

gold

ser

B red

par

$30,000

Par
Value

8
37
87

Jefferson—1st & 2d Ms ext In ’87 A ’89 (H’dale Br) __c
1st M Carb to S dep g ext 1908 red 105 gu p&l-FP.c*

Jonesboro Lake City & Eastern—1st M $1,000,000 au
Joplin Union Sta—1st M gu j’tly red 105 aft 5 yrs.c*
Junction (Philadelphia)—See Pennsylvania RR
Kanawha & Coal River—Joint M $750,000 gold s f—
Kanawha & Mich—1st M $15,000 pmggupi l.Ce.c*
Second mtge $2,500,000 auth gold red par—Sxc*

Date
Bonds

35
.

«.

_

1890
1907
1902
1906
1906
1909
1905
1906

J
A
M
M

A
A
A
A

750,000
2,469,000
2,500,000
550,000
276,000
159,900
160,000

M
A
J

A
A
A

1,000,000
64.000

5
4
5
5
5
5
5
5
5

6 g

1,000

3,192,000

1,000 Ac
100 Ac
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac
500 Ac

22,881,000
2,055,300
492,000

...

285
285
285
21
...

8
...

...

...

s-a

1882
1888
1887
1889
1900

1894
1894
1894
1902
1905
1905
1901
1903

Ac

500

1,000
1,000
1,000
1,000
100

....

1900
1909
1905
1906

1,000 Ac
1,000 Ac
1,000

Blrml

ngham, ?.

38, 154.

except $382,280 of the $6,322,780 K. C. Mem. & Blrm. Income bonds, be¬
ginning March 1, the bonds so guaranteed being stamped with a provision
making them subject to call at any time within 10 years from Sept. 1 1902
at 95 and Interest.
V. 74, p. 477, 577.
Birmingham Belt bonds are guaranteed, principal and Interest, Jointly by
Kansas City Memphis A Blrm. and St. L. & San Fran.
V. 75, p. 1147.—
(V. 87, p. 414; V. 88, p. 1061; V. 89, p. 163, 1101; V. 91, p. 38, 154.)
(THE) KANSAS CITY MEXICO & ORIENT RY.—{See Map.)—Mileage.
—The road when completed will extend from Kansas City, Mo., to Topolobampo, Mex., 1,659 miles, with a cut-off from San Angelo, Tex., to Del Rio,
Mex., 160 miles, connecting there, as well as at Chihuahua, Mex., with
Mexican lines for Mexico City.
Mileage Completed and in Operation—All Standard-Gauge Steel Rails.
Wichita, Kan., to San An¬
Trackage—
gelo, Tex
509.94 Chihuahua A Pac. RR. Co.—
Chihuahua to Falomlr, Mex__ 87.73
Chihuahua to Minaca, Mex_125.00
Minaca to Sanchez, Mexico
75.48
Topolobampo to Hornillos,Mex.74.76
Total mileage (rail, 70 and 80 lbs. In Mexico, 70 A 75 lbs. in U. S.) .872.91
Contracts have been let for grading on main line south of San Angelo,and
on branch from San Angelo to Del Rio, on the Rio Grande
River, 160 miles.
Work has begun and will be pushed as fast as possible.
Total sidings

(April 1910), 81.72 miles.

Reports of experts, prospectuses, &c., V. 90, p. 105, 110; V. 86. p 668*
V. 83, p. 95, 1411; V. 75, p. 1253.
The Kansas City Outer Belt A Electric RR. (see that co. below) will
when completed, afford terminal facilities and an entrance into Kansas Citv
V. 76, p. 331; V. 80. p. 871.

HISTORY.—Incorp. under laws of Kansas April 30 1900 and operates
In Mexico under the Kansas charter, legalized by the Mexican Gov’t.
The
first rails were laid In 1902.
From Kansas City to Lone Wolf, Okla
is
being built under contract by Union Construction Co. (of Dela.) and from
Lone Wolf, Okla., to Topolobampo, Mex., by International Construction
,

Co. of Dela. (charter legalized in Mexico).
Steamship Contract.—A contract with the Hamburg-American SS Co
provides for Trans-Pacific service upon completion of road to Topolobampo
Equipment June 30 1909.—Locomotives, 67; cars, passenger service 38freight, 1,928; service, 77.
Of this equip., 49 locomotives and 1,933 cars
are held under car trusts.

STOCK.—Authorized, $20,000 per mile each In common and 4% nonpref. stock; outstanding, June 30 1909, pref., $12,500,000; com., $10,718,125.
Par value, $100.
In June 1909 Increase to $37,500,000 each of
common and pref. stock was authorized.
Stock is held in a voting trust
until Jan. 1 1917, the voting trustees being: A. E. Stilwell, W. W Syl¬
vester, W. A. Rule, W. S. Woods, Kansas City, Mo.; Robt. H. Law,
Chicago, Ill.; Douglas J. Neame, Harold D. Arbuthnot, Lewis Rendell,
Baron Boxall and H. J. Chinnery, London, Eng.
V. 83, p. 1411. trans¬
fer office, U. S. & Mexican Trust Co.; Registrar, Commerce Trust Co.,
both at Kansas City, Mo.




$300,000 4HA6
2,800,000
5 g
500.000
5 g
500,000
4H g

1901
1879

In 1902 the K. C. Ft. Scott A Mem. Ry. guaranteed the Interest on all

cum.

and Maturity

a9H
160
50
26
715
82
3

The St. L. A San Fran. RR. owns the entire stock and leases the road, guar¬
anteeing the bonds of 1901, prln. and lnt.. and 4% on pref. stock trust certs.
STOCK.—Common authorized, $45,000,000; outstanding, $15,000,000,
all owned by St. Louis & San Francisco RR.
The pref.stock ($15,000,000
authorized, of which $13,510,000 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 off the whole Issue In 20 years from date (Oct.
1901), and meanwhile to pay quar. 1% thereon.
See V. 72, p. 1238.
BONDS.—The refunding bonds of 1901 (limited to $60,000,000) are
secured by all property now owned, or hereafter acquired with the pro¬
ceeds of the refunding issue.
Of the bonds, $22,881,000 were oustanding
July 1910, $29,012,270 were reserved for exchange against the face amount
of underlying bonds, and the remaining $8,106,730, as well as any bonds
not used or required for refunding purposes, will be reserved for Issue for
additional lines and extensions, at not exceeding $22,500.per mile thereof.
As to guaranty, see “organization,” above.
V. 75, p. 853.
See V. 87,
p.

Last Dividend

Payable

1,000
1,000

REPORT.—Report for year 1908-9 was In V. 89, p. 718, showing,
$2,127,637: net. $315.*22: oth. Inc., $100,011; Interest, taxes, Ac..
$281,316; betterments, $118,468; bal., sur.. $16,048.
New directors
Mch. 1910, V. 90, p. 849.—(V. 90, p. 977, 1425; V. 91, p. 94.)
KANAWHA & WEST VIRGINIA RR.—To extend from Charleston, W.
Va., to Belva on the Gauley River, 55 miles, of which 39 miles completed,
balance under construction.
Controlled by same Interests as Blue Creek
Coal A Land Co., owning 44,000 acres of coal and timber land In Kanawha
Of the $5,County. Stock authorized, $5,000,000; par of shares, $100.
000,000 authorized 1st 5s, (Scranton Trust Co., trustee), $1,000,000 have
been Issued, the remainder being limited to $25,000 per mile.
The first
$1,000,000 of the Issue are guaranteed, prln. and Int., by the Blue Creek
Coal A Land Co. and are subject to call at 105 and Interest.
V. 83, p. 1524;
V. 84, p. 339. Pres., Edward S. Jones; V.-P., W. A. MacCorkle; Treas.,
Thos. E. Jones: Sec., Wm. D. Boyer.—(V. 84, p. 339.)
KANSAS CITY CLINTON & SPRINGFIELD RY.—Owns from Olathe,
Kan.,to Ash Grove,Mo., 154 miles; Raymore Jet. to Pleasant Hill, Mo.
8 m.; total, 162 miles.
Stock, $1,775,400.
Bonds were guar, by the Kan,
City Ft. Scott & Mem. RR. (old co.).
Cal. year 1909, gross, $342,659; net,
Year ending 1907-08, gross, $333,105; net, $76,934; charges,
$88,477.
$190,887; bal., def., $113,953.—(V. 73, p. 723.)
KANSAS CITY FORT SCOTT & MEMPHIS RY.—(See Maps Rock Island
Co.)—Operates Kansas City, M >.,to Memphis, Tenn.,and branches, 914 m..
Also has a controlling Interest in stock of the K. C. Mem. A Birm. RR.,
owning line from Memphis, Tenn., to Birmingham, Ala., with branch, 285
miles, and of Kansas City & Memphis Ry. & Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles.
Total, 1,201 miles.
ORGANIZATION.—Incorporated on June 14 1901 and Is vested with
the property of the former Kansas City Ft. Scott A Memphis Railroad; also
controls other mileage.
V. 72, p. 1237. See V. 72, p. 438, 532, 675, 988.

V. 91,

When

%

1,000

gross,

414;

Rate

1885

b Includes $245,000 held alive In sinking funds.
aAlso covers majority of stock of Kansas City Mem phis A

p.

Amount

Outstanding

162

1884

[VoL. IiXXXXI.

g
g
g

M

F
j
M
g

J
J
A

4
?
5 (7)
7
5
390,000
6
13,736.000
5
1,606,000
5 g
b3.000,000
5
28,000
4
3,323,390
5
3*2,780
5
5,953.000
4
1,000,000
g
5H5.000
4H g
850.000
44 g
See text
4 g
4 g
2,000,000
21,000,000 4 In 1909
3 g
30.000.000
& g
10,000,000
792,000
44 g
360,000
44 g

A
J
M
J

an d

es

85

miles,

provld

J July ’27-Jan
O Apr 1 1919
s Sept 1 1925
N May 1 1940

'29 Fidelity Trust Co, Phlla

S Sept 1 1924
o Apr 1 1990
J July 1 1927
A-.
N May 1 1912
A A 15 Fetf 15 iTf-,ie
A
j Tiiiv’na-.TnW *1
A N May 1 1917
A
J July 1 1955
A
D To Dec 1911
A

A
J
M
F
M
A
A
M
M

O Oct

A
O
A
D
A
S
A
A
A
N
A
O
A
O
A
N
A
S
S pt.
M
A
S
A
A
o
J
A
J
F
A
A
F
A
A
A
A
O

Q—J
A
A
A
A

Places Where Interest and
Dividends are Payable

Erie RR, New York
U S Mtge A Tr Co, N Y
Phil Tr, S Dep A Ins Co

Bankers Trust Co, N Y
Central Trust Co, N Y
J P Morgan A Co., N Y
Hook Val Ry, Cnlum, O

Sup Sav A Tr Co, Cleve
a

Trust Co
Kleybolte A Co. N Y

Scranton (Pa)
R

1 1925

Old Colony Trust, Boston

Oct 1 1936
June 1 1911

Mercantile Trust Co, N Y
Old Colony Trust, Boston
do
do
do
do

Sept 1 1910
Aug 1 1922
May 1 1928
Oct 1 1927
Oct 1 1929
Nov 1 1 Mi 0
Mch 1 1934
Mch 1 1934
Mch 1 1934
Oct 1 1922
To Jan 1 1915
Feb '11-Aug ’16
Feb 1 1951

Merc Trust, N Y; A Bost
Old Colony Trust, Boston
Merc TrCo.N Y; A Bost
Old Colony Tr Co, Boston
do
do
do
do
do
do
do
do
Blair A Co, New York
do
do
Amer Exch Nat Bk, N Y
do
do

Apr 1 1953
July 15 19101% Checks mailed
O Apr 1 1950
New York Trust Co, N Y
J April 1 1950
do
do
N Nov'10-Nov ’15 Blair A Co, New York
D Dtc ’10 June *16

do

do

for retl rement of Its bo nds.

BONDS.—The funded debt consists of 1st M. 4% 50-year $1,000 gold
coupon bonds due Feb. 1 1951, as shown In table above.
Trustee, U. S. &
Mex. Tr. Co., Kansas City, Mo.
Auth. issue Is $22,500 per mile of single
main track, $15,000 per mile of yard and terminal track and $12,000 per mile
of double track; also $2,500,000 for extra work in the Sierra Madre Moun¬
tains, $5,000,000 for terminal facilities at Kansas City or Topolobampo
or both, and $10,000,000 for future requirements and additional rolling
stock, at not over $1,000,000 yearly, beginning Feb. 1 1906.
Of the $16,484,000 bonds Issued June 30 1909, $3,500,000 were sold,
$4,338,000 were in the treasury and the balance owned by the aforesaid
construction companies.
In June 1910 $5,000,000 bonds were sold to a
syndicate of English brokers and offered with an option by the purchaser of
three-tenths In amount of pref. stock at $40 per share and of com. stock at
$25 per share.
Under agreement In force until Aug. 1912, the company pays
Interest only on the bonds sold.
V. 78, p. 102; V. 81, p. 1411; V. 87, p. 37,
508; V. 91, p. 38, 94.
There are also (1) $200,000 6% 5-year notes due Aug. 15 1913, but sub¬
ject to call after three years, secured per £100 note by $1,000 In 1st M.
bonds, the notes being convertible Into the deposited bonds taken at 80;
and (2) car trust notes Issued under agreement of 1902 (St. Louis Union
Trust Co., trustee), total Issue, $2,000,000; and (3) locomotive trust notes,
original Issue $1,000,000, made in 1905.
OFFICE RS.—President. Arthur E. Stilwell, N. Y.; Vice-Presidents: Edward
Dickinson (Gen. Man.), Kansas City, Mo,; J. T. Odell, N. Y.; Enrique C.
Creel, Chihuahua, Mex.; John F. Wallace, N. Y.- J. S. Braithwalte, Lon¬

don, Eng.; Sec. and Aud., Neal S. Doran, and Treas., E. E. Holmes, Kan¬
sas City. Mo.; Asst. Sec., J. Crosland Taylor, London.
Directors.—Pres. Stilwell and Vice-Presidents
Dickinson, Odell and
Wallace- A. N. Beldlng, Rockville, Conn.; P. W. Goebel, Kansas City,
Kan.; D. W. Mulvane, Topeka, Kan.; A. Monroe, Lawrence, Kan.; John
F. Alden, Rochester, N. Y.; Chas. R. Huntley, Buffalo, N. Y.; H. S. Man¬
ning, W. D. Baldwin, New York; Thos. M. Evans, McKeesport Pa.,
Ferdinand W. Roebling, Trenton, N. J.; Wm. H. McCord, H. D. Estabrook,
N. Y.; Chas. F. Ayer, Boston; H. A. Bishop, Bridgeport, Conn.; E. D. Stairs
Detroit; Ing. Isodoro Diaz Lombardo, Sr. Lie Manuel Calero. Col. S. Garcl;
Cuellar, Mexico City: Geo. H. Ross, Chicago; Philip H. McMillan, Detroit.
General office, Kansas City, Mo.
N. Y. office. Singer Bldg.— (V. 90, p.
1170; V. 91, p. 38, 94.)
KANSAS CITY OUTER BELT & ELECTRIC RR.—Incorporated July 18
1902 in Kansas to construct a belt line connecting the lines of the Kan. City
Mex. & Or. Ry. west of Kansas City, Kan., with all the other lines entering
Kansas City, Kan., and Kansas City, Mo., main line (double track) being
about 8 miles In length.
Gauge, standard.
The K. C. M. A O Ry. will
lease the property on completion at rental of $50,000 per annum for the
first 10 years, increasing $10,000 for each 10-year period until the maxi¬
mum of $100,000 Is reached.
The road will be operated by Its own organ¬
ization.
V. 75. p. 184; V. 76. p. 331; V. 80, p. 871.
STOCK AND BONDS.—Stock auth. and Issued, $2,500,000 com. and
$2,500,000 4% non-cum. pref.; par $100.
Stock will be held In voting
trust until full dividend shall have been paid on the pref. stock for 5 con¬
secutive years. Bonds, auth. Issue, $3,000,000 (see table above); outstand¬
ing, $2,000,000.
U. S. & Mex. Trust Co., Kansas City, Mo..trustee
OFFICERS.—Pres., A. E. Stilwell, N Y.; Vice-Pres. and Man., E
Dickinson; Sec and Treas., E. E. Holmes; Chief Engineer, W. W. Colpltts;
Kansas City, Mo.
Office, Kansas City, Kan.—(V. 80, p. 871, 2399.)
KANSAS CITY SOUTHERN RY.—(See Map.)— Operates a line extend¬
ing from Kansas City, Mo., to Port Arthur, Tex., thence by Its ship canal7 miles, to deep water on the Gulf of Mexico, with branches and extensive
terminals used by various roads entering Kansas City.
Lines Owned—
Lines Owned.
Miles.
Miles.
Kansas City, Mo., to Belt June. 12 Branches
to
Fort
Smith, De
Grand View, Mo., to Port Arthur,
Quincy, La., etc
51
Tex

765

Trackage—To Grand View, Mo.. 11

Total
Also owns entire $650,000 each of stock and bonds of Arkansas

839

Western
Ry., Waldron to Heavener, Ark., 32 miles, operated separately; also con¬
trols K. C. Shreve. A Gulf Terminal Co.
v. 83, p. 38, 492.
ORGANIZATION.—A reorganization of Kan C.Pitts. & Gulf RR., fore¬
closed In 1900 per plan V. 69, p. 1012, 1062.
V. 73, p. 1356: V. 74. p.94.
The voting trust having expired April 1 1905, a new management was
elected in May 1905.
V. 80, p. 1971; V. 81, p. 559; V. 84, p. 1366. In
1909 contracts were made for interchange of freight with the Harriman lines.
V. 88, p. 375.
Common stock, $30,000,000; par, $100.

SECURITIES.—The stockholders on June 28 1909 authorized an Issue
of $21,000,000 “refunding and Improvement” bonds dated July 1 1909,
bearing not over 5% Interest, of which $10,000,000 underwritten by a syn¬
dicate, have been sold to provide for the $5,100,000 5% notes called for
payment on July 1 1909 and various Improvements, and the remainder Is
reserved for future requirements.
V. 88, p. 1128, 1253, 1437; V. 89, p. 104;
V. 90. p.167.
DIVIDENDS.—First dlv. on pref. stock, 4%, paid July 1 1907 out of
earns, for 1906-07; Oct., 1%; ’08 A ’09. 4% (Q.-J.);r10, Jan., 1%: Apr.,1%;

July, 1%.
LATEST EARNINGS.—;i909-10.-Gross. $8,863,194; net, $3,065,738
11 mos., July 1 to May 31.11908-09..Gross,
8,140,513; net,
3,160,151
REPORT for 1908-09 at length was In V. 89, p. 1065, 1089.
1908-09.
1907-08.
Inc. or Dec.
Total gross receipts
$8,771,965 $8,757,918
+$14,047
Operating expenses
—410,203
5,350,056
5,760,259
Net earnings..
+424,250
3,421,909
2,997,659
Total net Income
3,519,722
3,132,268
+387,454
Taxes
322,279
283,138
+39,141
Interest on bonds, Ac
1,221,600
—3,453
1,225,053
Miscellaneous
99,187
10,805
—88,382
Dividend on preferred stock (4%)
840,000
840,000

Balance, surplus
Old Basis—
Gross earnings
Net earnings

$1,036,655

$773,272

+$263,383

1906-07.

1905-06.

1904-05.

1903-04.

$9,084,332
3,744,813

$7,568,332
2,036,057

$6,893,656
1,805,300

$6,678,215
1,968,012

r

PAC.

KANSAS
TOPEKA

SACRAMENTO

5^(fe#r~'<^VLathr0P

F R ANXys C O

San^ose,

o

Saata

BONDS.

RSAATILONWCKDY

19 0,1

July,

NogaleS/

Magdalene*

MAP OF THIS

KANSAS

CITY,

MEXICO & ORIENT
RAILWAY & CONNECTIONS*
Shortest Line from Kansas City to Pacific Ocean.




m

e

x

72

RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES

[For abbreviations, Ac., see notes on first page]
Kansas City St Joseph & Council Bluffs—See Chicago
Kansas City Shrevep & Gulf Terminal—1st M red 105
Kansas City Term Ry—1st M red text
TCxc*6sr*
K C Belt 1st M ($534,000 guar KCFS6bM)_.BB.c
Kansas City Viaduct & Term—1st M g s f(text) S.c*&r
Kansas & Colorado Pacific—See Missouri Pacific Ry
Ken & I Br & RR—Ken 6b I B 1st M gold assumed...
First consolidated mortgage $2,500,000 gold..S,c
New mortgage $10,000,000 (see text)
Keokuk 6t C^s“Moines—Preferred stock

guaranteed C R I 6s P....C*
Keokuk & Hamilton Bridge—First mortgage.......c
First mortgage Interest

Kewaunee Green

Bay & Western—First mortgage.F.c

Kingston & Pembroke—First mortgage gold..
Klondike Mines—First mortgage $30,000 per mile
Knoxville & Ohio—See Southern Ry
Laclede Dallas & West—1st M red 105 aft Apr 1920. _
Lake Erie & Detroit River—See Pere Marquette RR.
Lake Erie & Western—Common stock $20,000 pm..
Preferred stock 6 % (notcum) ($20,000 per mile)...
First mortgage ($10,000 per mile) gold
Ce,c*
Second mtge for $3,625,000 ($5,000 p m) gold.-Ce.c
Lake Shore & Michigan Southern—Stock----------Guaranteed 10 % stock (Michigan South 6b Nor Ind)
First mortgage $50,000,000 gold
Us.c*6Br
Bonds (not mortgage) $50,000,000 gold
G.c*6Br
do
do
$50,000,000 gold
Qx
Kalamazoo 6b White Pigeon first mtge assum.Un.c
Guaranteed Securities—
Battle Cr 6b Stur 1st M gold guar p 6b 1 (see M Cent)
Sturgis Goshen 6b St Louis 1st M gold p 6b 1 guar....
Kalamazoo Allegan 6s Gr Rapids stock rental guar
First mortgage guaranteed
Unc
Erie 6b Kalamazoo (leased) stock Toledo to Palmyra
Clearfield
stk
Jamestown Franklin 6b
rental guar..
1st M $25,000,000 auth guar
G.xc*6sr*

Lake Shore System—Mahoning Coal RR—Stock
Preferred stock (see text)
First M Y oungs to And 6bc guar p 6b 1 (end)
Un.c
Lake Sup & Ishpem Ry—1st M $1,200,000 g s f__F.c
z New York Central holds $45,289,200 of this.

Miles
Road

Date
Bonds

Par
Value

6b

Burll ngton
1897
1910
10
1886
1905

1,000 6bc
1,000
1,000

.

...

...

—

Quine
$500

....

1881
1900

When

%

Payable

$150,000
12,500,000
2,500,000
3.312,000
1,000,000
1,069.000

...

37
113

31)4

100
100 6bc

....

1878
1869
1891
1882
1905

1,000
1,000
1,000
£6,000

1910

711
711
711
711

....

1887
1891

...

....

...

....

1,000
...

...

37
41
29
58
58
26
...

...

71
71
71
20

V
100
100

1.000
1,000
100
100

1897
1903
1906
1890

1.000 6bc
1.000 6bc
1,000 6bc
1,000

1889
1889

1,000
1,000
100

....

1,000

1888

50
100

....

....

1909

1,000 6bc
50
50

....

....

1884
1896

1,000
1,000

KANSAS CITY TERMINAL RY.—To own a union passenger depot
and freight and passenger terminals at Kansas City, Mo., with approaches,
to be controlled by ten proprietary cos., viz.: Chic. R. I. & Pac., Atch. Top.
8b S. F., Chic. MIlw. & St. Paul, Chic. & Alton, St. L. & San Fran., Union
Pacific, Wabash, Chic. Burl. & Quincy, Mo. Pac. and M. K. & T.
p. 1671. Construction begun about Mch. 1 1910. Incorp. July
Stock auth., $50,000,000; outstanding, $1,000,000.
On Mch. 1

V. 89,

11 1906.

1910 ac¬
quired Kansas City Belt Ry. by deed; also purchased stock of the present
Union Depot Co. In Sept. 1909 obtained franchise and will hasten erection
of station, 6sc., to cost, with terminals, about $30,000,000, and to be com¬
pleted by 1913. V. 89, p. 666, 163; V. 90, p. 627, 698.
Of the 1st 4^s ($50,00 0,000 auth. issue), $15,000,000, including $12,500,000 sold, are issuable agai nst the present property, $2,500,000 are re¬
served to retire the Kansas Cit y Belt bonds ana the remaining $32,500,000
are reserved for construction, additions and Improvements.
The bonds are
redeemable as a whole on Jan. 1 1930 or any Interest date thereafter at 105
and interest. V. 90, p. 627.
Pres., H. L. Harmon; Sec., C. C. Ripley
Treas.. E. F. Swinney—(V. 90, p. 54, 503, 559, 627, 698.)
KANSAS CITY VIADUCT & TERMINAL RY—Company owns and
operates an elevated railway and highway viaduct from Bluff and 6th Sts.,
Kansas City, Mo., to Minnesota Ave. and 4th St., Kansas City, Kan.
A
branch viaduct, )4 mile in length, connects the main structure, and thereby
the two cities, with the interlying railroad and manufacturing districts.
Main structure completed Feb. 1907, 1.6 miles, minimum width of 60 feet;
material, steel and concrete. See V. 82, p. 160; V. 84, p. 271, 931.
STOCK.—Stock authorized, $3,500,000; outstanding, $3,447,700 (par of
shares $100). of which a majority Is deposited in a voting trust for 3 years
or until dividends of 4% have been paid for two consecutive years.
Voting
trustees, Havrey E. Fisk, John P. Reynolds Jr., Francis S. Eaton.
BONDS.—1st M. 4H% bonds auth., $3,500,000; outstanding, $3,312,000.
July 1909 to July 1911 coupons funded, net income to be paid bond¬
holders to liquidate same.
V. 90, p. 1101.
Pres., J. W. Reinhardt;
Treas.. H. S. Corwin; Sec., Howard Ross.— (V. 85, p. 864, 1101.)
KENTUCKY & INDIANA BRIDGE & RR CO.—Owns steel cantilever
bridge over the Ohio River at Louisville and 5 miles of railroad between
Louisville, Ky., and New Albany, Ind., and 5 miles of belt line In Louis¬
ville; also owns Louisville & New Albany Ferry Co.
Southern Ry., Balti¬
more & Ohio and Chic. Ind. & Louisv. 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 5s due
1911 and $500,000 for improvements. V. 71, p. 4 92.
In July 1910 arrangements were made to build a new double-track K. & I.
bridge, the effect being to extend t he lease 99 years. A mtge. is to be made
to the Standard Trust Co., N. Y
trustee, to secure $10,000,000 bonds,
of which about $2,000,000 to be iussued at present, the present single-track
bridge to be used during two years of construction. V. 91, p. 214, 38;
V. 90, p. 1676.
.,

June 30 1908,

gross, $239,008; deficit
Pres., Alex. P. Humphrey; Sec. and
Treas., H. W. Hazlitt; Gen. Man., W. M. Mitchell.—(V. 91, p. 38, 214.)

KEOKUK & DES MOINES RY.—Owns from Keokuk, la., to Des
Moines. Ia., 162 miles.
Leased for 45 years from October 1 1878 to the
Chicago Rock Island & Pacific Ry. The lessee pays 25% of the gross
earnings, but guarantees the Interest (not the principal) on the bonds.
Stock Is $1,524,600 preferred and $2,600,400 common (par, $100), a
majority of which Is held by the lessee. Pref. entitled to dlvs. up to 8% If
earned and to share with common stock In any excess over 8%.
DIVIDENDS.—V99. ’00. ’01. *02. ’03. '04. ’05-’07. ’08. 1909.
1910.
On preferred, %
J )4
)S
1
1
2
1)4 None. 1X May. 1 Ap,2)4
Rental:
In 1908-09, $154,332; In 1907-08, $141,011; In 1906-07, $138,965; In 1905-06, $137,500 (bond interest).—(V. 88, p. 944; V. 90, p. 698.)
KEOKUK & HAMILTON BRIDGE CO.—Owns bridge across Mississippi
River at Keokuk, la., for railroads and footpassengers.
The present ten¬
ants are the Toledo Peoria & Western and the Wabash.
Regarding guar¬
anty, see V. 59, p. 969. V. 72, p. 821.
Stock, $1,000,000; par, $100.
Coupons are in default, but mortgage has never been foreclosed, and over¬
due Interest is paid as earnings permit.
Last coupon paid, 1st half of No. 49
(due Oct. 1893) in April 1910.
EARNINGS —Year ending June 30 1909, gross, $55,547; net, $39,569;
other Income, $10,302; interest, $44,160.
In 1907-08, gross, $54,709; net
$35,547.
Pres., Andrew Carnegie; Treas., Theodore Gilman, 55 William

St., New York.—(V. 72, p. 821.)
KLONDIKE MINES RY.—Dawson City to Sulphur Springs, 31H miles,
completed Jan. 1907; projected from Sulphur Springs to the Stewart River
Stock authorized. $2,500,000; outstanding. $943,000.
60 miles.
The Daw¬
son Grand Forks 6b Stewart River Ry. Corp., Ltd., owns all the stock and
bonds.
V. 82, p. 509.
Bonds, see table above. V. 81, p. 725; V. 86 d
p. 857. Pres., H. B. McGIverln; Sec., Andrew Haydon, 19 Elgin St.. Ottawa*
Can.—(V. 81. p. 725; V. 82. p. 509; V. 86, p. 857.)
KINGSTON & PEMBROKE RY.—See page 165.
LAKE ERIE & WESTERN RR.—ROAD.—Owns Sandusky, O., to
Peoria, Ill., 413 miles; branch to Minster, 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort Wayne to Connersville and branch to Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio RR., Akron
to Delphos, 162 miles; trackage. 13 miles; total operated. 886 miles.
HISTORY, 6sc.—Formed In 1887 after foreclosure of the Lake Erie &
Western Railway.
(See V. 50, p. 590; V. 85, p. 600.)
In 1899 control

§assed
to the Vanderbilts,
apd and
on Jan.
$5,930,000
1 1910pref.
the Lake
V. 71.
6b Michigan
pqth- owned
$5,940,000 com.
stock.Shore
1269.
p.

Last Dividend
and Maturity

LXXXXI

Places Where Interest and
Dividends are Payable

y.

1,000

Mitchell of Chicago; S. W. Fordyce and Adolphus Busch of St. Louis;
G. M. Craig, Port Arthur. Tex.: W. F. Harrity, Phtla., Pa.: Secretary is
G. C. Hand.
Office, 25 Broad St., N. Y.—(V. 89, p. 1542; V. 90. p. 167.)




Rale

250 6bc

DIRECTORS.—Chairman, L. F. Loree; Pres., J. A Edson, Hermann
Sielcken, J. A. Blair. W. T. Rosen. D. G. Bolssevaln. Andrew J. Miller,
W. G. Street, W. H. Williams and E. R. Bacon of New York: John J.

EARNINGS.—For year ending
under Int. charges, &c., $236,135.

Amount

Outstanding

See text
162
162

[Vol.

4
4 g
6

4)4

F
J
J
J

6b
6b
6b

Kansas City, Mo
A Aug 1 1927
J Jan 1 1960N Y, Boston 6b Chicago
Office 50 State St, Bost
J July 1 1916
See text
J Sept 1 1934

6 g
4 g

M
A

6b
6b

S March 1911
O Apr 1 1950

6b

Louisville
Standard Trust Co, N Y

1,524,600 See text
5
2,750,000
8
1,000,000
5
408,000
3 g
572,000
6
£192,000

See text
A
6b O
A
6b O
6b
J
D
6b
J
J
J 30 6b D

June 1 1921
Jan 1 1912
Dec 31 1924

90, pl239

A

&

O

Apr 11940

J
J
J
J
F
J
M
M
J

6b
6b
6b
6b
6b
6b
6b
6b

Jan 15 1908 1% Office, Gr Cent
Jan 1 1937
Chase National

6b

J
J
J
J
A
D
S
N
J

J
J
A
J
F

6b
6b
6b
6b
6b

D
D
O
J
A

6

11,840,000
11,840,000 See text
5 g
7.,250,000
5 g
3.625.000
Z49.466.500 18Jnl9lO
533,500 I8lnl910
3 Yi g
50.000.000
4 g
50,000,000
50,000,000

400,000

4 g
5

6 g
79,000
3 g
322,000
5.95
610.000
5
840,000
10
300.000
5
2,994,550
4 g
11,000,000
1,500,000 See text.
5
661,367
5
1,500,000
6
85,000
g

Q—J
j
F
J
J
J

6b
6b
6b
6b
6b

Apr 1 1910 2)4 Office, 115 B’way, N Y
Oct

1 1923

Apr 1 1899

July 1 1941
Juiy29 ’ i 0, 6%
Aug 1 ’10, 6 70

do
do
55 William St. As earned

Office, 40 Wall St, N Y
45 Broadway, New York
Bk Brit No Am, London

Sta, N Y
Bk, N Y

do
do
Grand Cent Station, N Y

June 1 1997

Sept 1 1928
May 1 1931
Jan

1 1940

do

do

Dec 1 1989
Dec 1 1989

Apr 1910
July 1 1938
Aug 1910
5% Jncoln Nat Bank. N Y
July 1 *10 1
% Grand Cent Station, N Y

D June 1 1959
do
do
A Aug 1 ’10 10% Grand Cent Station. N Y
J July 1910 2)4% Union Trust Co, N Y
J July 1 1934
do
do
J Jan 1 1926
Farmers L 6b Tr Co, N Y

DIVS.—
1 ’92-’98. ’99. ’00. ’01-’03. '04. ’05. ’06. ’07.
08.
*09. ’i0
On preferred./
3
3
1
0
5 y’ly.
0
2 4 y’ly.
3
3
0
BONDS.—Abstract of first mortgage In V. 46, p. 45; of second mortgage
In V. 54. p. 444.
Guarantees $2,500,000 5s Northern Ohio, which see.
EARNINGS.—5 mos., /1910
Gross, $2,147,930; net, $460,969
Jan. 1 to May 31.
11909.
Gross, 1.782,760; net, 214,280
ANNUAL REPORT.—Annual report for 1909 was in V. 90, p. 692.
Years ending
Dec. 31—

1909.

1908.

$

$

Deductions

(continued)—

Oper. revenue__5,043,990 4,361,158 Hire, equlpm’t,
rents, &c
Oper. Income
966,123
700,765
Net Income
1,066,627
Deduct—
leased
Rentals
line
$125,000

588,948 Int.on bds., &c_
Other interest..
Add'ns&be tt’ts.

1909.

1908.

$

$

135,095
555,086
103,376
56,965

71,208
561,538
71,642

$125,000

Bal.,sur.or def_sur91,105def240,440
(V. 86, p. 795, 852; V. 87, p. 1664; V. 88, p. 231, 748, 879; V. 90. p. 692.)

LAKE SHORE & MICHIGAN SOUTHERN RY.—(See Maps AHw York
Central.)—Operates from Buffalo to Chicago with branches. The main line
(537) miles) includes 26 miles between Toledo and Palmyra, Mich., under
lease from the Erie 6b Kalamazoo; 533 miles has double track)
Road owned directly.
Leased (*see this Co.)
Miles
Miles.
58
Buffalo, N. Y., to Chicago. Ill—537 Kalamazoo A. 6sG. R—
Sundry branches
334 Jamestown Franklin 6b Clearf'd* 124
Entire stock owned.

Detroit 6b Chicago
Detroit Monroe os Toledo
Kalamazoo 6s White Pigeon
Northern Central Michigan

Sturgis G 6b St Louis
Elkhart 6b Western

Mahoning Coal RR
70
25 Erie 6b Kalamazoo (26 miles)..Text.
51

Detroit Hillsdale 6b S W

37 Fort Wayne 6b Jackson
61 Detroit Toledo 6b Milwaukee
29 Battle Creek 6b Sturgis
12 Trackage

<*65
*98
67

7
88

Grand total oper. Jan. 1 1910 (of which owned, 1,087 miles)

1.663
By control of N. Y. Chic. & St. Louis RR. has still another line from
Buffalo to Chicago.
Operates Dunkirk Allegheny Valley 6b Pittsburgh,
Dunkirk, N. Y., to Titusville, Pa., 91 miles.
V. 73, p. 663.
Controls Chicago Indiana 6b Southern RR., which see.
ORGANIZATION. 6bc.—A consolidation on Aug. 16 1869.
In 1898-99
$45,289,200 of the oapltal stock was purchased by the N. Y. C. 6b H. R.
RR., which gave In exchange Its 3)4 % bonds at the rate of $200 In bonds
for $100 in stock.
V. 66. p. 288; V. 69. p. 1237.
New York Chicago 6b St. Louis road has been controlled by ownership of
stock since 1882, Lake Shore now owning $6,240,000 of Its oommon.
$6,275,000 of Its seoond preferred and $2,503,000 of Its first preferred stock.
The company also controls and leases the Mahoning Coal RR. (see Lake
Shore “System” below) and owns (besides entire stock of proprietary lines)
$7,500,150 Pittsburgh 6b Lake Erie stock; $30,207,700 of the $50,000,000
Cleve. Cln. Chicago 6b St. Louis common stock; also $5,940,000 of the
$11,840,000 oommon and $5,930,000 of the $11,840,000 Lake Erie 6b
Western preferred.
V. 71. p. 1269; V. 72. p. 870; V. 82. p. 749.)
In Mch. 1910 acquired nearly all the stock of the Toledo 6b Ohio Central
(441 miles) which had been held in the Interest of the Hocking Valley, and
owns all the bonds and stock of Zanesville 6s Western (89 miles) and, jointly
with the

Chesapeake 6b Ohio, control of the stock of the Kanawha 6s Michigan

(177 miles).
V. 90, p. 771, 849, 977, 1045.
Also owned Jan. 1 1910 of the $60,665,000 Reading Co. stock acquired by
the Pennsylvania-Vanderbilt Interests, viz.: $6,065,000 first pref., $14,-

265,000 second preferred and $10,002,500 common stock, the other half
being held by the Baltimore 6b Ohio. V. 80. p. 1856.
List of stocks of companies owned Dec. 31 1909, V. 90, p. 708.
See also
V. 78, p. 48, 1904; V. 80, p. 1852; V. 82. p. 749.
DIVS.
193-’97. ’98. ’99 to 1903. ’04. ’05. ’06. ’07. ’08. ’09.
1910
Since 1892, %/6 yrly 6H
7 yearly.
8
8
8
12
14
12 „ 18
In 1910, Jan. and July, 6%; Mch. 30, 6% extra.
V. 90, p. 627.
Bonds.—For $50,000,000 mtge. of 1897, see abstract In V. 64, p. 1182, and
V. 66, p. 1140; V. 68, p. 1182; V. 73, p. 1264; V. 75. p. 290; V. 77. p. 2035.
The $50,000,000 debenture 4s of 1903, due 1928, are to be secured by any
new mtge. V. 77, p. 1747. 2035; V. 78, p. 48; V. 80, p. 1912.
In Feb. 1906 $35,000,000 of 25-year 4% bonds due 1931 of an authorized
Issue of $50,000,000 were sold for lmpts., and in Jan. 1910 permission was
granted to issue the remaining $15,000,000 to retire the $15,000,000 5% notes
due Feb. 1 1910 and to guarantee $11,000,000 Jamestown Franklin 6b Clear¬
field 4% bonds received for advances for construction and improvements.
See that co. V. 82, p. 392; V. 84, p. 996; V. 90, p. 167, 627, 771.
In April 1910 sola In Paris $8,500,000 of 4% notes running less than a

year to finance recent purchase of Toledo 6b Ohio Central and an Interest
V. 90, p. 1045.
Jointly with four other roads covenants to pay $30,000,000 N. Y. Central
Lines car trusts of 1 907 and 1910, the company’s share of equipment leased
being $6,708,393 and $11,700,000 respectively.
V. 85, p. 1402; V. 86, p.
168, 801, 803; V. 88, p. 761; V. 90, p. 1677.

in Kanawha 6b Michigan.

GUARANTIES.—Additional guaranties not shown above, see Chicago
Indiana 6b Southern, Detroit Hillsdale 6b S. W. and Ft. Wayne 6b Jackson.
GENERAL FINANCES.—Nothing was charged to construction or equip,
account from 1883 until 1907, except $7,500,000 for new equip, in 1906, tne
outlays charged to operating expenses for new equip, acct. amounting In
1909 to $1,263,186 and in 1907 to $911,126, and for construction to $1,433,567 in 1909, against $1,282,277 in 1908, these Items being exclusive of ex¬
penditures for renewals. Profit and loss sur. Jan. 1 1910, $27,166,038.
On Mch. 30 1910 a 6% extra dividend was paid.
V. 90, p. 627.
EARNINGS—5 mos.,

(1910

Gross, $19,519,335; net,

$5,930,25®

Jan. 1 to May 31.
\1909
Gross,
16,596,550; net,
5,714,34®
For 3 months ending March 31 1910, net, $3,926,633, against $3,401,14"
in 1909; other income, $4,052,980; charges, $2,613,680; bal., sur., $5,365,933.

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first page]

Miles
Road

[For abbreviations, Ac.,

Lake Tahoe R v & Tr Co—1st M g $500,000 s f beg 1905
Lancaster Oxford & Southern—1st M $200,000 gold..
Lansinz Manufacturers—1st M serial (merest rental..
Laramie Hahn's P & Pac—1st M $8,000 per m g. AB.c*
First ref M $1,800,000 gold sink fund red 115..a.c*
Two-year coupon notes, $250,000 gold, red
c*
Leavenworth Terminal Ry & Bridge—1st M gold_.Ce
Lehigh & Hudson River—1st M gold Int red to 5%_Ce
Second mortgage gold
Warwick Valley first mortgage extended In 1900—
—

16
28
5
40

3
42
63
15
22
63

-

Second mortgage

Leh A Hud Rlv gen

M $3,000,000 g (see text) -Ce.c*
Debentures $400,000 redeem 105 after Nov 1911
Equip trust certs gold due $40,000 yearly
PeP.c
Lehigh & New England—1st M $1,000,000 gold-.FP
Northampton 1st M g $300,000 guar red 105-FP.c*
Lehigh A Delaware first gen mtge redeemable at 105
Consolidated mortgage $3,000,000 gold call at 105..
General mtge $7,500,000 gold red 102H--GuPc*
Equip tr ser A g gu red 102 H due $30,000 yrly.GuP
Lehigh Valley—Common stock to be $80,000,000.Gp
Preferred stock 10% (V. 79. p. 151, 269)
GP
First mortgage extended In gold In 1898_._GP.cdsr
Second mortgage
r
Consolidated M (coupon A reg $4,762,000 4 Xs-cderl
$40,000,000 /.annuity $2,538,000 are 4MS..FPJ
General consol mtge $150,000,000 gold
GP.c'dsr
Collateral trust bonds $19,000,000 see text_GP.c*dsr
Equipment trustsgoldiSeries H, due $90,000 yearly
do
gold Ser I, due $400,000 yrly (V85,p4l2)
do
gold, due $250,000 s-a Series J__ Usm.c*
Bonds of Controlled Properties—
Lehigh 8s N Y 1st M gold guar p 8s 1
Mn.c*dsr
Leh Val of N Y 1st M gold guar
p 8s 1 (end) -GP.c* 8sr
Lehigh 8s Lake Erie first mtge $3,000,000 gold
Lehigh Val Term 1st M g guar p 8s 1 end
Ce.c*8sr
—

ANNUAL REPORT for 1909
Year ending Dec. 31—
Miles operated
Railroad revenue..Operating Income (after taxes
Other Income

at

length

was

1909.

1,663

_

_

_

_

15
.

_

_

All
All

Balance, surplus

Par
Value

1901
1905
1905
1904
1907
1908
1893
1881
1887
1879
1881
1890
1907
1906
1895
1902
1904
1903
1908
1908

$1,000
100 8sc

1,000
1,000
1,000

101
101
/
4611
834

11
283

31

1,000
1,000
1,000
500
500

1,511

$45,110,997 $39,066,942
15,549,524
12,418,980
6,486,887
5,097,081

$5,718,382
$1,740,220
(V. 90. p. 167, 236, 303, 627, 681, 707, 771.
849, 1045.)

1868

1,000
1,000
1,000
1.000
1,000 Ac
1,000
1,000
1,000
1,000

1870
1873
1873
1903
1905
1905
1906
1907

1895
1890
1907
1891

1,000
1,000
1,000

Inc.

or

Dec.

%152
+$6,044,055
+3,130,544
—1,389,806
+$4,520,350
+$758,309
—104,234
—308,473
+366,968

—1,433,568
+1,263,186

Rate

When

%

Payable

$300,000
200,000
75,000
240,000

5
5
5
6
6
6

480,000
250.000
600,000
800,000

5g
5 g
& 8

164,000
145,000
240,000
1,320.000
400.000
240,000
1,000,000
300.000
650,000

4*
6
5 8
4

4H 8
5 8
5 8
5
5 8
4 g

1,380,000
750,000
360,000
See text

g
g
g
g
g
8

4H 8
6 In 1910

106,300
10
4 8
5,000,000
6,000.000
7
10,400,000 4H A 6
12,600,000 4H A 6
4 g
26.639,000
4 g
15,500,000
In treasury
4 8
In treasury
4 8
3,750,000
4H g

2,000.000
15,000,000
3.000,000
10,000,000

4 g

A
A
O
A
A
O
A
J
J
A
J
J
A
A
O
J A D15
A
J
J
A
J
J
A
J
J
A
A
o
A
o
A
J
A
J
M
A N
A
J
D
A
J
J
J
A
J
J
A
J
A
A
O
A
A
O
A D
J
J
A
J
A
J
J
A
D
J
M
A
S
A
D
J
D
A
J
M A N
F
A
A
F
A A
M
A
S
M A
S

M

4H 8 J
4H 8 M
5 8

Last Dividend
and Maturity

A

A
A
A
A

Oct 1 1931
Apr 1 1935

July 1 1915-30
July 1 1929
Oct

1 1932
Dec 15 1910
Jan 1 1923

Places Where Interest and

Dividends
Merc Trust
Farmers Tr

are

Payablg

Co, San Fran

Co, Lancaster

Union Trust Co, Detroit
Amer Loan A Tr Co. Bost
LBarnum 6sCo,NY dsLosA

Apr 1 1912

Central Trust Co, N Y
1 Irving Nat Exch Bank
1
N Y. and First Nat
)
Bank, Warwick.NY
1

July 1 1920
July 1 1920

Irving Nat Exch Bk, N Y

July 1 1911
July 1 1917
July 1 1911

1

Dec 1 *10-U 6

July 1 1945
Jan

Philadelphia
108

1 1952

South 4th St, Phlla

do
do
do
do
do
do
April 1 1958
do
do
To June 1 1923
Guar Tr A S D Co, Phlla
July 14 ’10 3% Checks mailed
July 14 ’10 5%
do
June 1 1948
Office. 228 So 3d St. PhU
Sept 1 1910
do
do
Dec 1 1923
do
do
Irredeemable
do
lo

July 1 1954
Oct

1 1953

May 1 2003
Peb 'lJ-Feb ’26
To Feb 1 1913
To Sept 1 1916

JPMorgan&Co.N Yds PhU
do

do

Sept* 10-Sept *17 Philadelphia

S Sept 1 1945
J July 1 1940
s Mar 1 1957
o Oct 1 1941

JPMorgandsCo.NY 8s PhU
do

do

JPMorgan&Co.NYds PhU

LEHIGH VALLEY RR.—(See Map.)—Jersey City, N. J.. opposite N. Y.
City, to Buffalo, N. Y., 450 miles, with branches, viz.: (*See these cos.)
Fee

or

Entire

Stock

Owned—

IKi ttt/O

tW/U

Buffalo. N, Y., to Sayre, Pa
Wilkes-Barre, Pa., to Jersey
City
Elmira Cortland ds Nor*
Branches
Pa. & N. Y.,Wilkes-Barre to Pa.
State line (with 43 miles
branches)

t

181

Lehigh

ds

N.

to No. Fair
Other

Y., Pa. State
Haven. N. Y._.

174 Leased—State Line ds Sullivan,
139
etc
544 Trackage to Susp. Bridge, &c__

Total June 30 1909
140 Second track

•

line
115
79
*28

47

1.441
588

HISTORY, dsc.—The Drexel-Morgan Interests, it Is understood, have
a preponderating voice In the
management, although the Rock Island Inter¬
ests late In 1909 acquired a large
amount of stock, supposed to be about
25%.
V. 89. p. 1483; V. 90, p. 54, 559.
COAL PROPERTY.—The Lehigh Valley RR. Co. owns all the
($1,965,000) stock of the Lehigh Valley Coal Co. (V. 81,
p. 1726).
Annual report
for 1908-09 In V. 89, p. 845.
In 1905 purchased tne holdings of Coxe Bros.
& CO.
V. 81, p. 1175; V. 83, p. 702.
The Coal Co. shipped from collieries owned and controlled
7,734,078 tons
of anthracite coal In 190S-09, against 9,263.899 tons In
1907-08; total ooal
and coke tonnage, 1908-09, was 13,273,136.
.

+$3,978,162

LAKE SHORE SYSTEM — MAHON INQ COAL RR.—Owns from
Youngstown to Andover, O., and branches, 71 miles. In Dec. 1907
pur¬
chased a one-half Interest in the Lake Erie
Youngstown A Southern and
Lake Erie ds Eastern railroads,
building a belt and switching line from
Girard to Struthers, reaching factories In
Youngstown, O., and vicinity.
Leased In perpetuity for 40% of gross
earnings to Lake Shore, which
Jan. 1 1910 owned $865,900 common and
$399,500 preferred stock.

DIVIDENDS./ *91. *92. ’93. *94.’95 to Aug.’06. 07. ’08. ’09. 1910.
On common
] 4)( 8H 8
8
10 yearly
12
12
12
Below
In 1910 on common, Feb., 6% and
50% extra; Aug., 10%.
The preferred stock certificates are
5% guaranteed and contain a clause
making them redeemable at par at option of company.
Year ending Dec. 31 1909, rental and
otherlncome, $1,246,377; surplus
over Interest and 62% on com. and
5% on pref.. $206.705.—(V. 90. p.236.)

LAKE SUPERIOR TERMINAL & TRANSFER CO.—Owns 16 miles of
used for transferring cars between the
depots and tracks at West
Superior, W1S., of the proprietary companies, viz.. Northern Pacific, Chic.
St. Paul Minn. A Omaha and Dul. South
Shore A Atl., which owns $119,400
'tock ($1,200,000 auth.).
On April 1 1909 the $195,000 6% bonds were
retired.
D. M. Phllbin, Pres., West
Superior, Wls.—(V. 88, p. 883.)
LAKE TAHOE RY. & TRANS. CO.—See “Sec ”
Apr. ’06— (V.86, p.337.)
LANCASTER OXFORD & SOUTHERN RR. —See page 163.
LARAMIE HAHN’S PEAK & PACIFIC RY.—Owns from
Laramie,Wyo.,
to Foxpark, Wyo., 54 miles.
Extension under construction from Foxpark
to Hebron, Colo., 54 m., of which
part being graded March 1909.
Stock
authorized. $9,000,000 common; preferred 6% non-cumulative,
$1,000,000
authorized; par of shares, $10.
(See V. 77, p. 824.)
In Dec. 1907 the re¬
funding 6s ($1,800,000 authorized issue) were offered, $240,000
being
reserved to retire the first 6s and also an amount
sufficient to retire the
$250,000 6% notes; they are subject to call at 115 for a
sinking fund of at
least $50,000 yearly, beginning 1912. V.
85, p. 1646: V. 88. p. 1061. Pres.,
Fred. A. Miller, Laramie, Wyo.—(V. 85,
p. 1646; V. 88, p. 1061.)
LEAVENWORTH TERMINAL RAILWAY & BRIDGE—Owned high¬
way and railroad bridge (opened Jan.1’94) ,1,110 ft.
long, over Missouri River
at Leavenworth, Kan., and valuable
terminal property in that city.
In
July 1910 the Chicago Great Western acquired the property or control
of
Its stock.
V. 91, p. 214.
The mtge. contains a s. f. provision.
Kansas
City St. Joseph & C. B. (Chicago B. & Q.) and Chic. R. I. & P. use
the
bridge at an annual rental of $16,000 each, under a
30-year contract from
1894.
For year 1907-08, gross, $46,224; net,
$31,036; int., $30,000; bal.,
sur., $1,036.
Stock, $600,000.— (V. 89, p. 1597; V. 91, p. 214.)
LEHIGH & HUDSON RIVER RY.—Owns from Maybrook on Central
New England Ry. to
Belvldere, N. J., on the Penn. RR.. 75 miles; track¬
age, S. E. A P. RR., Phllllspburg to
Easton, 1 m.; trackage, Penn. RR.,
Belvldere to Phllllpsburg, 13 m.; Ont. A
West., Burnside to Campbell
Hall, 2 m.; D. L. A W., trackage, Andover Jet. to Port
Morris, N. J., 8 m.;
total operated. 99 miles.
V. 79, p. 269.
Stock. $1,340,000; par. $100.
BONDS.—Of the $1,320,000 gen. mtge. bonds out, $1,062,000 are
Jointly p. and 1. by the Central RR. of N. J. and Leh. Coal A Nav. Co. guar.
An
additional $1,350,000 are reserved to take
up prior liens and $330,000 for
extensions or acquisitions of
connecting
In
roads.
May
1908
permission
was given to Issue
$270,000 additional bonds, but none were issued to
Dec. 1909.
V. 86, p. 1285.
See form of guaranty. Ac., In V. 67. p. 788;
also V. 85, p. 1513.
Equlot. trust 4 v*s, V. 83, p. 96. Locomotive rental
notes June 30 1909,
$195,940; loans and bills payable, $326,000.
EARNINGS.—9 mos.J 1909-10
Gross, $1,056,339; net, $381,696
July 1 to Mch. 31.
\1908-09
Gross,
905,626;
228,088
Surplus after charges, $151,067, against $214 In 1908-09. net,
ANNUAL REPORT —For years
ending June 30, V. 87, p. 1415.
.Year ending June Z0— Gross.
Net.
Int., Taxes. &c. BaL.sur
19080?
$1,251,316
$382,660
$302,260
$80,400
1907-08
851.519
243,996
232,464
11,532
Lewis A. Riley, Pres.,
Philadelphia. Pa.—(V. 88, p. 375.)
LEHIGH & NEW ENGLAND
RR.—Operates road from Slatlngton, Pa.,
to Campbell HaH, N. Y., 95
m., Bethlehem to Bangor, Pa., 31 m.; Bath to
Martin s Creek, Pa., 20 m.;
branches, 32 m.; total, 178 m., of which two secUons, aggregating 35 m., are
trackage, leaving 143 m. owned. V.
p.
2642.
Lehigh Coal & Navigation Co. owns control. V. 78, p. 1781, 79,
1962.
—St001*. $1,000,000: par, $50. Of the generals of 1908
1*7.500,000), $3,250,000 were reserved to retire
remaining underlying bonds
and $2,950,000 for future
requirements.
Car trusts, guar, by Lehigh Coal
A Nav. Co., V. 86, p. 1343.
1409.
track

F
NQS.—For year ending June 30 1909 (132 miles), gross. $777,061;
net, $260,628: charges. $273,012; bal..
def.. $12,384. Pres., W. A. Lathrop; V.-P. and Gen. Mgr., Rollln H.
Wilbur; V.-P. and Gen. Counsel, Wm.
Jay Turner; Sec. and Treas.. H. F. Baker.—(V.
86, p. 1343, 1409.)




8sc
Ac

1,000
1,000
1,000
1,000
1,000
1.000
1.000
1,000
1,000

In V. 90, p. 691, 707.
1908.

Amount

Outstanding

500 8sc

50
50

Gross corp. Income
$22,036,411 $17,516,061
Rentals of leased lines
$1,858,691
$1,100,382
Interest on bonds, &c
5,995,182
6,099,416
Hire equipment. Including Interest.
581,952
890,425
Other rents and miscellaneous
619,017
252,049
Dividends on guaranteed stock
64,020
64,020
Additions and betterments
1,433,568
Additional equipment
1,263,186
Dividends on common stock, 12%.
5,935,980
5,935,980
—

Date
Bonds

73

STOCK.—The shareholders voted June 22 1910 to Increase author¬
ized stock from $40,334,800 to $80,000,000, of which
$20,220,550 to be
offered to stockholders pro rata at par, payable in full from
July 15 to July
31 or In 4 equal Installments July 31,
Aug. 31, Sept. 30 and Oct. 31 1910,
the proceeds to be used to retire $6,000,000 2d M. 7s due
Sept. 1 1910, and
other obligations, and for future purposes.
V. 90, p. 1101, 1676.
DIVS.
/’88 to ’91. ’92. 93. ’94 to ’03. ’04. ’05. ’06. ’07. ’08. ’09. 1910.
Since ’87.%\ 5 yearly 5>i 4
None
1
4
4
6
6
6
6
BONDS.—The gen. consol, mtge. of 1903 will secure $150,000,000 bonds
bearing not to exceed 5% Int., covering the entire road, the stock of the
Lehigh Valley Coal Co. and other stocks owned. Of the bonds, $10,000,000
were is uable at once, $10,000,000 were reserved to
retire car trusts and
coal-purchase bonds, $96,000,000 to retire at or before maturity outstanding
fixed obligations amounting to $94,130,000 (incl. the coll, trust
bonds, ana
$2,000,000 coal trust ctfs. of 1902, which were called for payment), on

pay¬
which the general consols will be a first lien on all the
property of
the system, except as to $12,600,000
annuity bonds, which are a perpetual
charge; the remaining $34,000,000 were Issuable at not exceeding $2,000,000
a year, or such larger amts, as
may be auth. by stockholders, beginning Jan.
1906, for acquisitions, terminals, coal properties,
equipment. dsc.
Old
bonds may, however, be extended If necessary for not over two
years.
Provision may be made at the time of Issue of bonds thereunder for the
right
to convert Into stock at the
pleasure of the holder not over $25,000,000 at
any one time.
V. 77. p. 824; V. 78, p. 287; V. 79. p. 1642; V. 82.
p.
1380;
V. 86, p. 1343; V. 88, p. 1372.
See property covered In V. 81, p. 211.
The purchase of the stock of Coxe Bros. ds Co. ($2
910,150» and of the
Delaware Susquehanna ds Schuyklll RR. ($1,500,000) In Oct. 1905
was
financed by an issue of $19,000,000 coll, trust
4% bonds, to be retired by
$500,000 semi-annual Installments beginning Aug. 1907 and secured
by
deposit of those stocks.
The bonds are subject to call as a whole at 102
H
beginning Aug. 1 1912, or In the order of serial numbers. V. 81. p. 1175
1242. 1376; V. 82, p. 100; V. 83. p. 702; V. 84, p. 1428; V. 88, p.
452.
GUARANTIES—Lehigh Val. Rail Way Co. of N. Y.—Owned Buffalo,
N. Y., to near S&yre, Pa., 175 m. double track, and
branches to Ithaca, Au¬
burn.&c., 106 m.; in all 281 m., covered by $15,000,000 mtge. of 1890, but in
1903 and 1905 consolidated with other sub. cos. and In 1907
absorbed the
Leh.ds L. Erie; total mileage now is 501 miles. Stock,
$11,200,000, all owned
by Lehigh Val. RR., was In June 1907 authorized to be Increased to $13,543,000, of which $11,543,000 issued.
Mortgage abstract. V. 51, p. 114; V. 77,
p. 147. 972; V. 81, p. 784; V. 83, p. 38; V. 84, p. 1366.
ment of

Lehigh Valley Terminal Railway.—Owned double-track road from South
Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there, dso. Merged In Aug. 1303 with other sub. oos.
In L. V. of N. J., having a total
mileage of 119 m.. Its $12,506,000 out¬
standing stock ($7,927,000 additional In treasury) being all owned
by
Lehigh Val.RR. V.77,p. 972; V.53,p. 640.880; V.81, p.784; V.83, p.703.
Morris Canal.—Leased for 999 years and dividends
Bonds
guaranteed.
all owned by Lehigh Valley.
See V. 50, p. 137.
Pennsylvania db New York Canal A Railroad.—Leased for 99
years from
Dec. 1 1888 to Lehigh Valley, which has assumed Its debt
and owns all Its
stock.
The consols Include $4,000,000 of 5
per cents, $3,000,000 of
4s. $1,500,000 of 4Hs.
V. 62, p. 950.
Consolidated Real Estate Co.—See V. 78, y. 1223; V. 79, p. 1271; V.
83,
p. 702.
To June 30 1910 none had been Issued.
Seneca County Ry., $500,000 guaranteed
bonds; none Issued June 30
1910.
See V. 79, p. 1271.
The Lehigh & Lake Erie
mortgage ($3,000,000) covers 11 miles double¬
track terminal road at Buffalo
opened In 1907.
V. 81, p. 211; V.83,
p. 702.
The road Is leased for 999 years.
V. 84, p. 1248; V. 85, p. 412;
V. 87, p. 817, 818.

EARNINGS.—11 mos.J 1909-10..Gross, $32,915,051; net, $13,068,286
July 1 to May 31.
\1908-09-.Gross, 30,211,292; net, 11,190,991
ANNUAL REPORT.—Fiscal year ends June 30.
The report for 190809 was given In V. 89,
p. 838, 851, 914.
See also editorial, p. 812.
Com¬
parisons with operating expenses, net earnings and “other income” In
1906-07 somewhat Inaccurate, owing to changes in
accounting.
Revenue from Operation—
Coal freight revenue

Merchandise freight

Passenger

revenue

revenue

Mail, express, dec
Total operating revenue

1908-09.

1907-08.

1906-07.

$14,831,671 $16,175,280 $15,270,214
13,291,831
14,011,302
14.864,262
3,905,063 ‘ 4,159,890
4,326,119
1,109,268
1,163,682
1,060,852

$33,137,832 $35,510,154 $35,521,447

74

RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
see notes on first page]

Miles
Road

[For abbreviations, Ac.,

Lehigh Valley—(Concluded)—
Easton to Amboy 1st M Easton to Perth Amboy gu
Easton to Nor 1st M gold guar by Leh Val.GP.c* tor
Middlesex Valley first mtge $600,000 gold
Ce.c*
Penn&NYCan&RR—Cons gu(text)p to l(end) -GP.r
Elmira Cortland & North first pref mtge gold-.Ce.c*
First mortgage gold guaranteed p to 1 (end)—Ce
Morris Canal stock 4% guaranteed 999 years
Preferred stock 10% guaranteed 999 years
L V Coal Co 1st M $12,000,000 gsf not drawn_c*&r
do
Interest reduced
Delano L’d IstM g gu s f (V. 90 p. 1617)
GP

Wyoming Valley rv>ai rvmsni (now i st. mortgage)

Dale
Bonds

60
12
22

1880
1895
1892
1588
1884
1884

119
119
-

-

-

•

Lexington & East—1st M gext In 1901 red 102.-Ce.c*
General mortgage gold
N.r

92

Lexington Union Station—Preferred stock (see text) _

Lime Rock—Consolidated refunding mortgage gold- Litchfield & Madison—First mtge $1,000,000 g-..—
Little Falls & Dolgeville—First mtge $250,000 gold..
Little Miami—Stk original gu 8% 99 yrs P C to St L

Special guaranteed betterment stock ($5,000,000)
Renewal mortgage.

12
44

1906
1895
1895

1,000
1,000
1,000 toe

•

•

_

_

•

—

_

.

-

-

-

1903

84

Little Rock & Hot 5p West—See St Louis Iron Mtn to Sou.
32
Little Schuylkill Nav. RR & Coal—Stock (rental guar)
155
Long Island—Second (now first) mortgage
c*
156
Consolidated mortgage (gold) ($3,610,000 are 5s) .Ce
163
General mortgage gold
Ce.c*
Long Island RR mtgeon ferry for $2,750,000 g.Ce c*
18
Stewart Line mortgage of 1932 for $500,000 gold-Ce
Debenture ($1,500,000) gold not subject to call
2
New York to Flushing first mortgage assumed ..Ce
76
Brooklyn to Montauk 1st M ($250,000 are 6s) .Ce.c*
76
Second M g assum Bus Sta to Eastp A bra. _Ce.c*
12
Long Island City & Flushing first mtge assumed, .c*
19
Consolidated mortgage gold assumed
Ce.c*
6
New York Bay Extension 1st M assumed $200,000
a in hands of public; total Issued shown in left-hand colum

•••

1904

...

c

1908-09.

100
100

1891

-

100

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
1,000
n; bala nee unde

1907-08.

......

Operating income

$11,482,720 $12,075,250 $12,668,207
704,580

1,629,350

1,614,991

$12,187,300 $13,704,600 $14,283,198
$3,789,963 $3,745,128 $3,665,503
2,200,473
2,316,473
2,316,473
323,679
237,061
272,425
2,068.590
582,643
1,775.264

Total Income
Interest on bonds, &c
Rentals and guaranties
Miscellaneous deductions
Additions and betterments

Total deductions from Income

$6,926,140

$8,109,290

$8,258,245

Net Income

$5,261,160

$5,595,310

$6,024,953

Lehigh Valley Coal Co. net Income..
Total net Income
Dividends on preferred stock
Dividends on common stock

Balance, surplus

(10%)..

375,452

388,606

111,250

$5,636,612

$5,983,91*6

$6,136,204

10,630

10,630

10,630

(6)2,420,088 (6)2,420,088 (5)2,016,740

3,205,894

3,553,198

4,108,834

Pres., E. B. Thomas, 143 Liberty St., N. Y.; Asst, to Pres., L. D. Smith;
1st V.-P., J. A. Middleton; Gen. Mgr., J. F. Maguire; Treas., J. M. Baxter;

Sec., D. G. Baird, 228 So. 3d St.. Philadelphia; Executive Committee:
Chairman, E. B. Thomas; Geo. F. Baker, E. T. Stotesbury, Charles
Steele, W. H. Moore, Daniel G. Reid, P. A. B. Widener and Geo. F. Baer.
Directors—Edward T. Stotesbury, S. P. Wolverton, Alfred C. Harrison,
Wm. H. Moore, Daniel G. Reid, E. S. Moore, Charles Steele, Abram Nesbit.
P. A. B. Widener, Geo. F. Baker, E. B. Smith and Geo. F. Baer.—V. 90,
p. 54, 236, 559, 698, 914, 1045, 1101, 1676: V. 91, p. 94.)
LEXINGTON & EASTERN RY.—Owns from Lexington, Ky.. to Jackson, Ky., about 92 miles.
Stock, $500,000; par, $100. Reorganized
without foreclosure In 1901 per plan V. 73, p. 663.
BONDS.—The 1st mtge. 5s were extended at same rate of lnt. to July 1
1911, the company having the right to call and redeem all or any of them at
102 and lnt.
All lnt. on the gen. mtge. bonds was waived to Aug. 1 1901.
lnt. thereafter to be paid In cash Feb: and Aug. 1. as follows: 2% yearly
for 5 years, then 3 % for 5 years and 5% yearly thereafter to maturity.
De¬
ferred debentures will be Issued from time to time for bal. of the lnt. not paid
n cash on the gen. mtge. bonds accruing after Aug. 1 1901, such debentures
($375,000 eventually) being payable without lnt. whenever the company
shall decide (either In cash or bonds), or shall pay dividend on stock.
EARNINGS.—11 mos., /1909-10
Gross, $430,228; net. $131,643
July 1 to May 31.
11908-09
Gross, 376,260; net,
67,629
Year ending June 30 1909 gross, $412,626; net over taxes, $52,736;
other Income, $18,816; charges, $138,271; deficit, $66,719.
Pres., Arthur
Cary, Lexington, Ky.—(V. 76, p. 542.)

LEXINGTON UNION STATION CO.—Owns passenger station at
Lexington, Ky., opened July 1907.
Common stock, $15,000, owned equally by Loulsv. A Nashv., Ches. to
Ohio and Lexington to Eastern.
There will be Issued $500,000 of the 4%
cumulative (non-voting) preferred stock, secured by mort.,and rentals paid
by above-named roads on basis of passenger cars.
Pres., W. A. McDowell;
Secretary and Treasurer, A. Mitchell Jr.
LIME ROCK RR.—Owns road In and around Rockland, Me., 11 m.;
trackage, 1 m.; total, 12 m.
Stock, $450,000; controlled by the RocklandRockport Lime Co. of Maine. V. 82, p. 1380. Dlv. In 1905-06, 5%; 190607, 5%, of which 3% from accumulated surplus; 1907-08, 2 4%.
Year
ending June 30 1908, gross, $72,354; net, $28,256; other Income, $3,945;
Interest and taxes, $20,115; dividend (2 4%), $11,250; balance, surplus,
$836. Office, Rockland.—(V. 82, p. 1380.)
LITCHFIELD & MADISON RY.—Owns Litchfield Jet. to Madison, Ill.,
44 m.; trackage, 1 m.; total, 45 m.
Stock, common, $500,000; pref., 4%
non-cum., $500,000; par of shares, $100.
Formerly controlled by Chic.
For year ending June 30 1909, gross, $219,839; net,
Peoria to St. Louis.
$63,622; interest, taxes, &c.. $57,819; balance, surplus, $5,803.
Pres.,
James Duncan, Alton, Ill.—(V. 79, p. 2456.)
LITTLE FALLS & DOLOEVlLLE RR.—Owns Little Falls. N. Y.. to
Dolgeville, 10 miles. Operates under agreement Dolgevllle to Salisbury
RR., extending from Dolgevllle to mine of Salisbury Steel to Iron Co.
Stock, $250,000, of which the New York Central to Hudson River In July
1906 acquired a majority.
Bonds, see table. For year ending June 30
1909, gross, $68,441: net, $24,015: other Income, $1,119: charges, $9,542.
Pres., W. H. Newman: Sec., D. W. Pardee.—(V. 83, p. 272.)
LITTLE KANAWHA RR.—Parkersburg, W. Va.. to Creston, 50 miles.
Stock, $3,000,000 authorized; Issued. $509,500.
Owned by the Pittsburgh
to Lake Erie, Pennsylvania and Baltimore to Ohio, the last named operating
the road from May 1 1908.
V. 86, p. 981; V. 82, p. 628; V. 86, p. 981.
LITTLE MIAMI RR.—(See Maps Pennsylvania RR.)—Owns Cincinnati
O., to Springfield, O., 84 m.; branch, Xenia, O., to Dayton, O., 15 m.; Dayton, O., to Ind. State line, 38 m.; leases, Columbus to Xenia RR., Xenia, O.,
to Columbus, O., 55 m.; Cln. St. Con. RR., 2 m.; Richmond to Miami RR.,
Indiana State Line to Richmond. 4 m.; total 195 m les.
LEASE.—On Dec. 1 1869 leased to Pittsburgh Cincinnati to St. Louis
(now Pittsburgh Cincinnati Chicago to St. Louis) for 99 years renewable for
ever.
The Penn. RR. Co. Is a party to the con ract and guarantees lis
faithful execution.
Rental Is 8% on $4,943,100 original stock, 4% on bet¬
terment stock and lnt. on debt.
V. 84, p. 51, 815; V. 86, p. 857.
Lessee’s report shows results to lessee: In 1900, profit, $65,989; 1901, $67,151; In 1902, loss, $92,069; In 1903, loss, $241,593; In 1904, loss, $133,746In 1905, loss. $167,692; In 1906, loss, $185,303; In 1907, loss, $54,477;
In 1908, loss, $142,946; In 1900, profit, $67,171.
Stock auth., $10,000,000.
Beginning Dec. 1899, 1-5% extra paid on com. stock each Dec. and June
from surplus Invested fund, making dlv. 8 2-5% y’ly —(V. 86, p. 857.)
LITTLE ROCK & HOT SPRINGS WEST.—See St L. Iron Mtn. to Sou.




5

M
M
M
A
A
A
F
F
J
J
J
J
F
J
F
J
J
M
J

A
A
A
A
A
A
A
A
A
A
A
A

N
N
N
O
O
o
A
A
J
J
J
j

Dividends are Payable

May 1 1920

Office. 228 So 3d St. Phil

Nov 1 1935
Nov 1 1942

Philadelphia

do

do

Lehigh Valley RR. Phlla

Apr
Apr
Apr
Aug
Aug

1 1939
1 1914
1 1914
1910 2%
1910 5%

Office. 228 S 3d St. Phlla

Jan
Jan
Jan

1 1933
1 1933
1 1932

JPMorgan&Co.NY A Phil

1

do
do

do
do
do

do
rin

Hr»

Philadelphia
Philadelphia

July 1 1917
Pph

to
A
A
A
A

Places Where Interest and

Last Dividend
and Maturity

10KA

J July 1 1911
J K Tod A Co. New York
See text
A Feb 1 1935
J July 1 1910 2% Office. Lexington. Ky.
J July 1 1929
Portland, Me
& g
A N Nov 1 1934
Central Tr. Co., N. Y.
3 g
A
J July 1 1932
Amer Exch Nat Bk. N Y
8 2-5 Q-—M 10 Juml0’10.2 1-5 Office, Fnsdlck Bldg Cln
4
Jun
10
’10
do
-M
do
10
1%
Q5
A N Nov 21912
M
Bank of America, N Y

2.487.950

3 g
A
J
J July 15 1910 3
7
268,703
F
A A Aug 1 1918
4
A
4.731.000
5g
Q—J
July 1 1931
4 g
3,000,000
J
A D June 1 1938
4 H g M
1,494,000
A
S Mch 1 1922
4 g
A D Junel 1932
332,000
J
3 g
A D June 1 1934
al.135.000
J
125.000
6
M
A
S Mch 1 1920
5
6
A
1,000,000
s Mch 1 1911
g M A
3 g
600.000
J
A D Junel 1938
6
600.000
M
A N May 1 1911
650.000
5 g
M A N May 1 1937
5
A
J
J Jan 1 1943
alOO.OOO
r unified mo rtgage

1906-07.

Taxes
Other Income

1.000,000
250,000
4,943,100
3,576,400
1,500,000

50
50

$20,575,736 $22,312,036 $21,967,331
885,909
1,079,376
1,122,867

Operating expenses

Payable

1,000
100 toe

•

1882

When

%

4X g
51,000
211.000
5 g
8,500,000 4. 4H, 5
6 g
750,000
3 g
1,250,000
4
706,700
903.600
10
5 g
10.114,000
4 g
1,400,000
5 g
1.082.000
6
200,000
Tn treasury
4
850,000
1,500,000 See text
4
388.000
4 g
400,000

1,000
1,000
1,000
1,000

1,000
1,000
1,000

•

Rale

$6,000,000

_ _

Consol Real Estate first mtge $2 600,000 guar (Jsm

Amount

Outstanding

$1,000
500 &c

•••

1892
1892

—

Par
Value

[VOL. LXXXXI

Office, 410 Walnut,Phlla
U S Mtge A Trust Co.N Y
do&Lon
do
do
do
do&Lon
do
do

do
do
do
do
do
do
do
do
do
do

do
do
do

U S Mtge A Trust Co.N Y

LITTLE SCHUYLKILL NAVIGATION RR. & COAL.—Owns from Port

Clinton to Tamanend and Reevesdale. 31.48 miles; 2d track, 26.49 m.; total,
91.31 miles.
Re-leased on Dec. 1 1896 to Phlla. A Read. Ry. for 999 years
and rental reduced from 7% on stock to 5% gold from Jan. 1 1897.
Divi¬
dends:
In 1898. 5 H%: 1899. 5 ,4%: 1900 5; 1901. 5 4; 1902, 5 4; 1903, 5;
1904, 5; 1905, 5 4: 1906, 5; 1907, 5 4: 1908,5 4: 1909. 5; 1910, Jan., 2 4:
July, 3. Lessee pays taxes and organization expenses.—(V. 73, p. 554.

LONG ISLAND RR.—Operates the
Owns—

Long Island City to Greenport
Long Island City to Montauk
Sundry branches

steam surface roads of

Long Island.

Leases—(*Whlch see.)

Miles.]

Miles.

951 N. Y. A Rockaway Beach Ry*.. 12

1151 Jamaica A So.Shore(V.78,p.l02)
104 N. Y. B’klyn to Man. Beach*

ft
19

Total owned (V. 77, p. 2098)..314
Total Dec. 31 1908
390
Leases—
Oper. electrically In Dec. 1909. .140
Nassau Electric RR
10 Double track
132
North Shore Branch RR
30
Also owns through
the Huntington RR.,

the Long Island Consolidated Electrical Companies
Northport Traction, Nassau County Ry. and Ocean
Inc. 15 4 m., Huntington
to Amityville, opened Aug. 26 1909.
V. 89, p. 593.
V. 90, p. 1040.
The Penn. RR. Is building an underground tunnel (electric railroad)
for passenger service from Jersey City under the Hudson River to a central
passenger station at 33d St. and 7th to 10th avenues, and thence under the
East River to a connection with Long Island RR., and thus with N. Y.
N. H. to H. RR to be completed in 1910; see V. 74. p. 830; V. 75, p. 1203;
V. 84, p. 931.
As to Improvements, see V. 89, p. 666, 1483.
STOCK.—$12,000,000. par, $50: Of which Penn. RR. owns $6,797,900.
Electric Ry., having a combined mileage of 26 4 m

,

DIVID’S.—11882 1883 to 1890 1891 1892 1893 1894 1895 1896 None
Per cent
1
;
4 yearly
4
4
since
44
5
5
44
BONDS.—The refunding 4s of 1903 ($45,000,000 authorized Issue) are se¬
cured by a Hen on the entire road, subject to the $22,592,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder, $22,408,000, guar, as to prln. and lnt. by the Penn. RR.. were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi¬
tional terminal facilities at Bay Ridge and Long Island City and for a double¬
track connection with the New Haven road, for additional freight and pas¬
senger terminals, tracks, equipment, and to retire old bonds.
V. 78. p.
583. 1549; V. 79, p. 2796: V. 80. p. 1111; V. 81. p. 211: V. 82. p. 868.
Due Pennsylvania RR. Dec. 31 1909 for advances, $8,123,792, oh account
of which $6,062,951 debentures had been Issued.
Pennsylvania Co. Dec. 31 190' owned $2,600,000 4% equip, ctfs.
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. 62,
p. 618.
Mtges. on real estate, $1,969,917. V. 76, p. 266: V. 85, p. 160.
In Nov. 1909 authority was give
to Issue not over $16,500,000 10-year
4% debentures, of which a portion to be Issued to reimburse the Pennsyl¬
vania RR. for advances aggregating $6,062,952 on account of various
Improvements during 1905 to 1908, the remainder to cover additional
advances for construction. Improvements and new equipment.
V. 89, p.
529, 1411; y. 90. p. 698, 1040.
GUARANTIES.—In addition to guaranteed bonds In table above, guar¬

5% on $650,000 New York Brooklyn to Manhattan Beach pref. stock
part rental; also 4 4% on $50,000 P. P. to So. Br. stock ana 44% on
$82,500 of the New York to Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and inter¬
est, an authorized Issue of $10,000,000 4 4% 40-year collat. trust bonds of

antees
as

the Long Island Consolidated Electrical Companies, a holding company, all
of whose stock Is owned, for the trolley lines owned and controlled.
See
V. 82, p. 100,864: V. 84, p. 865: V.86,p.ll57. No bds. sold to Dec. 31 1909.

EARNINGS.—11 mos.,/1909-10
Gross, $8,488,787; net. $2,387,781
July 1 to May 31.
\ 1908-09....Gross, 7,436,601; net, 1,654,541

REPORT.—Report for calendar

year

1909

was

1909

Gross earnings.

Operating

expenses..

Net earnings
Total net
Rentals of leased roads
Interest on bonds.
lnt. on mtges., ground rents, &c
Taxes

Miscellaneous

Extraordinary expenditures

in V. 90, p. 1040.
1908

1907

$10,898,'371

$9,818,545

$10,130,*408

7,452,517

7,267,235

8,526,585

$3,445,854

$2,551,310
$2,768,178
618,735
1,803,330
152,289
317,325
152,588

$1,935,892
455.198
1,803,330
67,721
345.198
123,294

$3,710,094
581,419
1,803,330
337,130
501,836
169,597
250,000
,

$1,603,823

Balance
$66,780 def.$276,088def. $858,829
Bond Interest does not Include all the Interest, a “proper proportion” on
securities Issued for Improvements extending through several years, from
which no additional revenue can be derived until completion, having been
charged to cost of construction.
See V. 84. p. 865.

Pres., Ralph Peters; Treas., James F. Fahnestock, Broad St. Station,
Phlla.—(V. 89, p. 529, 1411, 1483; V. 90, p. 698, 1040. 1363.)

LORAIN & WEST VIRGINIA RR.—Wellington to Lorain, O., 30 miles,
Stock, $2,000,000, all outstanding; par $100.
For¬
merly controlled by Wheeling to Lake Erie, but control relinquished In
Oct. 1908. guaranty of bonds being canceled.
Operated in Jan. 1909 by
receiver of Wh. to L. E. under an operating contract.
Bonds, $2,000,000
authorized.
Citizens’ Savings to Trust Co. of Cleveland, trustee.
Pres.,
H. W. Seaman; Sec. and Treas., J. R. Nutt.—(V. 87, p. 1160.)
LOUISIANA & ARKANSAS RY.—Owns from Hope, Ark., to Tioga*
La., 188.02 miles; extension from Packton to Jena. 29.64 miles: trackage,
Tioga to Alexandria. La., 8.18 miles; Tioga to Plnevllle. La.. 5.02 m.. gives
second entrance to Alexandria; branch Mlnden to Shreveport, 28 m., com¬
pleted Dec. 1909; total, 258.86 m.
Rock Island Co. uses 36 miles, Packton,
La., to Plnevllle, La., under trackage contract. with branches, 5 m.




RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first

Miles
Road

page]

Long Island (Con.)—Mont&uk Ext $600,000 1st Massu
Unified mortgage gold call at 110
Usm.cAr
Refund mtge $45,000,000 gold guar p A l.Eq.c'Ar
Debentures $16,500,000 authorized
Leased and Controlled Lines, Principal or Interest
L I RR No Sh Br cons M $1,425,000 gu p A I.Cc.c*
\ YB 4 Man V 1st cons M $1,726,000 gold guar.Ce
N Y A Rock Beach 1st M $984,000 guar p A I—Ce
P P A C I 1st and 2d ($96,000 seconds) guar p A l..
Lorain & West Virginia—1st M $2,000,000 gold__c* Ar
Louisiana & Arkansas—Stock $7,000,000 authorlzed.
Flrst mortgage $7,000,000 gold (text)
S.c*A:
Louisiana & North West RR—Prior Hen, gold — -—
First mortgage $10,000,000 gold
MSt.c*
Louisiana Ry & Nav—First M gold (see text)_-F.cAr
Louisiana Southern—1st M g red at 105 since ’02-Ce.c
Louisiana Western—First mortgage gold
Ce.c*
Louisville Bridge Co—Stock
Louisv Hend & St Louis—Stock (H 5 % pr non-cum)..
First mtge $2,500,000 gold
G
Louisville & Jeff Bridge—$5,000,000 g gu p A 1 end.c*
Louisville & Nashville—Stock $60.000.000
EH & N 1st M Hend to Nash g drawn at 110--Ce.c*
Louisville A Nashv gen M gold drawn at 110--Ce.c*
L C & Lex gen mtge gold (V 63, p 1010)
G.c*

Pensacola Dlv 1st M gold (drawn at 105)
F.c*
New Orl A Mob Dlv 1st M N O to Mobile g__F.c*
Second mortgage gold
c*
Southeastern A St Louis Dlv first mortgage gold.c*
Second M gold East St Louis to Evansv A br—c*
First M (50-year 5s) $15,000 per mile gold---Us.c*
First mtge collateral trust ($7,000,000) gold—F.c*
Unified mortgage for $75,000,000 gold-.Ce.c* Ar
St Louis

property first mtge gold

$650,000—SSt.c

Mobile A Montgomery Joint mortgage gold
Ce.c
Pen A At first mortgage gold drawn assumed
c*
a In hands of public; total Issued shown In left-hand

STOCK.—Stock

$7,000,000;

(authorized.

Date
Bonds

21
316
316

1895
1899
1903
1909

Guar anteed.
30 1892
19 1885
1887
10 •se-’oi
1906
35

Par

Amount

Rale

When

Value

Outstanding

%

Payable

$1,000
1,000
500 Ac

aS315.000
5,660,000
22,408,000
6,062 951

5
4 g
4 g
4

1,000

«1,262.000
al.601.000
a883,000
436,000
2,000,000

5 g
5 g
5 g

1,000
1,000
1,000
1.000

218

1902

35
115
342
45
106

1895
1905
1903
1897
1881

182

1,000
1,000

mile of completed railroad.

500

1,000

1896
1895

1,000

outstanding.

$4,500,000;

reserved

extensions, of which $1,000,000 reserved
rivers, and the balance limited to $20,000

The entire amount outstanding, but no

.

Income.

Taxes).

$94,433
84,279

$446,199
326,831

Surplus.

tions.

$267,941
225,991

'

$272,691
185,119

REPORT.—For year ending June 30 1909, In V. 89, p. 717, 729.
Year.
Miles. Gross.
Oth. Inc. Chgs Ac. Dividends. Balance.
Net.
1908-09..226 $1,186,400 $360,629 $49,309 $205,298
$112,500 $92,140
338,878 43,636
72.049
1907-08. .226
1.144.521
197,965
112,500
Pres., Wm. Buchanan, Texarkana, Ark.—(V. 90, p. 372.)
LOUISIANA & NORTH WEST RR.—Owns Magnolia, Ark., to Natchi¬
toches, La., 114.7 miles; trackage. Magnolia to McNeil, 6.4 miles.
Stock, $10,000,000 authorized, of which $2,300,000 outstanding; par.

$100.

Car trusts Sept. 1909, $2,500.

Of 1st 5s of 1905 ($10,000,000 au¬

thorized Issue), $150,000 Is reserved to retire the old bonds and $116,000
improvements, equipment, Ac. V. 82, p. 628; V. 85, p. 1462. For
calendar year 1909, gross, $314,361; net, $68,319.
Pres, and Treas., Geo.
W. Hunter, St. Louis; V.-P., John Jay Nelson, Homer, La.; Sec., John A.
Richardson, Homer, La.—(V. 85, p. 1462.)

for

M
M

A
A
A

.T

Sc.

J

J
S
S
D

Q—J

A
O
A
M
A
S
Various
4H
A
D
4 g
J
3 In 1909 Seml-an
S
5 g
M A
5 g
J
A
J
3 g
A
A
O
A
J
4H g J
3 g
S
M A
A
J
J
6 g
See text

250,000
2,240,000
1,500,000
4,000,000
5 g
2,500,000
4 g
4,500,000
60,000,000 7 In 1910
6 g
1,300.000
6
C5,737,000
3,258,000
4H g
6 g
318,000
6 g
5,000,000
6 g
1,000,000
6 g
3.500,000
3
S3,000.000
g
3 g
fl ,749,000
5 g
K4.705.000
4 g
b57.873.000
5 g
617,000
4,000,000
4H g
6 g
h$ 2023.000
r unified mo rtgage.
_

100
1,600
1879
1,000
1880
1881
1,000
1,000
1880
1,000
1880
1,000
1880
1,000
1881
1881
1,000
1,000
1887
1,000
1888
1890 1,000 Ac
Text
1,000
1891
1,000
179 1895
$1,000
160 1881
nee
unde
colum n; bala

155
803
176
45
141
141
208
208
192

part, Is subject to redemption at 110 and Interest on any Interest date.
Beginning with Sept. 1907 a sinking fund of $55,000 per annum to buy
bonds. If possible, at 110 and Interest or under; otherwise to be Invested.
Bonds so purchased are kept alive In the sinking fund.
Balance,
Other
Deduc¬
Net (after
Gross
Eleven

Months—
Earnings.
1909-10.. .$1,209,021
1908-09..
1,093,989

100,000

2,034,000
8,131.000

1,000
1,000
100
100
500

BONDS.—The unissued first 5s (total limited to $7,000,000) are
for betterments, equipment and
for bridges across Black and Red

4,500,000
4,587,000

100

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 Charles L. Pack.
DIVIDEND.—1 H% paid semi-annually since March 1906.

per

[VOL. LXXXXI.

RAILWAY STOCKS AND BONDS.

76

J
M
F
J
J
M
M
J
J
M
M
M
M
J
M
M
F

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

b.

C.

Last Dividend
and Maturity

Jan

1 1945

Mch 1 1949
Mch 1 1949
Dec 31 1919

Oct
Oct

1 1932
1 1935

Sept 1 1927
1926-1931
June 1 1956
Mch 16 1910

Sept 1 1927
Jan

1 1945

Apr 1 1935
July 1 1953
Mch 1 1950

July 1 1921
See text

J July 1946
s Mch 1 1945
A Aug 10 ’10 3M
D Dec 1 1919
D June 1 1930
N Nov 11931
S Mch 1 1920
J Jan 1 1930
J Jan 1 1930
s Mch 1 1921
s Mch 1 1980
N May 1 1937
N Nov 1 1931
J July 1 1940
S Mch 1 1916
s Sept 1 1945
A Aug 1 1921
e.
f. g, see foot-

Places Where Interest and
Dividends are Payable

U S Mtge ATrCo.N
do
do
Am Exch Nat Bk, N

Y

U S Mtge A Trust Co,N
do
do
do
do
do
do

Y

Y

City SAT Co, Clev ANY

Checks mailed
Standard Trust Co, N Y

Boody, McL A Co, N Y
Office, St Louis
Farmers’ Trust Co, N Y

Treas

A Co, N Y
B’way. N Y
Louisville, Ky
R Wlnthrop
S P Co. 120

Bk of Amer, NY A Louis
J P Morgan A Co, N Y
71 Broadway,
do
do
do
do
do
do
do
do
do
do
do

New York
do
do
do
do
do
do
do
do
do
do
do

St Louis Tr Co. St Louis
71 Broadway, New
71 Broadway. New
note on next p.tge.

York
York

In June 1909 acaulred all the securities of the Louisville A Atlantic,
Versailles, Ky., to Beattyvllle Jet., 101 m., and branch, 3 m. V. 89, p. 42
On Oct. 28 1909 took over the Frankfort A Cincinnati RR., Frankfort to
Paris, Ky"., 40 miles, assuming Its $160,000 4% bonds.
V. 89, p. 1223.
DIVS.— ( ’92. ’93. ’94-’98. *99. ’00. ’01-*04. *05-*07. 1908. ’09.
1910.
7
SInce’91%1 4H
4
None. 3)4 4 5 y’ly. 6 y’ly. Below. 5H
In Feb. 1908 paid 3% In cash and 1% In Louisville Property Co. stock;
In Aug., 24% cash.
V. 86, p. 229. 421.
In 1910. 7% (FAA.)
BONDS.—The Evansv. Hender. A Nashv. bonds are drawn at 110 by lot
annually In Oct. for payment Dec. 1 In amounts Increasing each five years
until $150,000 per year Is finally reached: In 1909, $75,000.
The Pensacola Division bonds are subject to a drawing sinking fund $10,000 in 1907 and increasing later to $20,000 in 1909.
V. 81, p. 265, 726.
The general mortgage bonds of 1880 are called at 110 In Increasing amounts
each year; $474,000 were paid June 1 1910.
V. 90, p. 849.
In June 1890 the "unified" mortgage (trustee. Central Trust Co.) tor $75.
000,000 was authorized, $41,917,660 bonds being reserved to retire all prior
Hens (none of the prior liens can be extended), the balance for Improve
ments, extensions (at the rate of $32,000 per mile. Including equipment)
and for other purposes.
The mortgage covers (besides 1,994 miles of
road and equipment), $9,592,300 stock of companies controlled and $3.150,000 bonds free from any lien.
See abstract of mortgage In V. 51, p
613; also V. 72, p. 1034, 1188; V. 77, p. 968.
In June 1910 company re¬

ported $62,394,000 outstanding, of which $4,506,000 In treasury and $15,*
000 In sink, funds.
V. 81, p. 1848; V. 86, p. 1344; V. 88, p. 295.
Mobile A Montgomery—Louisville A Nashville joint mortgage Is for $5,000.000; $1,000,000 reserved for Improvements.
V. 61, p. 196, 750.
Kentucky Central mtge. abstract V. 45, p. 372.
South A North Alabama
Improvement 5s, due Aug. 1 1936, $1,920,000 authorized, are owned.
Louisville A Nashville Terminal 4s.—Jointly guaranteed, prin. and lnt..
by L. A N. and Nashv. Ch. A St. L. See form, V. 88, p. 1313.
In 1902 the Louisville A Nashville and the Southern Ry. acquired $9,796,900 of the $10,500,000 Chlo. Indianapolis A Loulsv. com. and $3,873,400 of
the $5,000,000 pref. stock In exchange for their Joint 50-year 4% bonds.
V.

LOUISIANA RY. & NAVIGATION CO.—Owns New Orleans to Shreve¬
port, La., 305.6 m.; Colfax to Winfield, 28 m.; Alexandria to Jena, 8K m.;
74, p.1138; V.76, p.593. Of the $15,500,000 Joint bonds secured by deposit
Plneville to Ems, 7 m. Stock auth., $12,000,000; outst’g June 30 1908, $8,of this stock, $1,563,000 are reserved to acquire the remaining "Monon”
131,000; par, $100.
First mtge. bonds (see table above) are limited to stock and $2,110,000 for “Monon" Impr’ts, Ac., $500,000 yearly.
$17,500,000 total issue and $23,000 per mile; $300,000 has also been issued
The Atlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
for a bridge over the Red River at Alexandria; $4,000,000 Is reserved for
cover 726 miles.
Of the bonds, an equal amount will be reserved to retire
New Orleans terminals.
There are also $2,414,000 2d 50-yr. 4 Ms due 1957
at maturity underlying bonds, viz., Kentucky Central 4s, $6,742,000 Atlan¬
(authorized Issue $10,000,000.)
See V. 77, p. 36, 769.
ta Knox v. A North, bonds, $1,500,000.
The line from Livingston to Jellloo.
61 miles. Is subject to prior lien of unified mtge. V. 80, p. 872; V. 84, p.1428.
EARNINGS—11 mos.,11909-10
Gross, $1,293,758; net, $264,772
In
July 1909 $21,702,000 had been Issued, of which $10,245,000 sold.
\1908-09
Gross, 1,022,452; net,
80,323
July 1 to Mav 31.
For year end. Jrue 30 ’09, gross, $1,106,085; net, $79,006; taxes, $42,770.
FINANCES.—Permanent Improvements charged to Income account
Pres., Wm. Edenborn, Hibernia Bldg., New Orleans; Sec. and Aud., H.
In 1908-1909 $866,547; In 1907-1908, $1,690,468.
In February 1910
B. Helm; Treas., Clarence Ellerbe, Shreveport, La.—(V. 84, p. 390, 450.)
dlvs. on Nashv. Chatt. A St. L. stock, $7,177,600 owned (reduced to 5%
LOUISIANA SOUTHERN RY.—See this section for July 1905.
In Aug. 1908) were restored to 6%.
In Aug. 1908 the L. A N dividend rate was reduced from 6% to 5%
LOUIS ANA WESTERN RR.—(See Map of Southern Pacific.) .—Owns
but restored to 6% in Aug. 1909 and Increased to 7% In Feb. 1910.
from Lafayette, La., to Sabine River, 105 miles; Abbeville tq Eunice, 59 m.;
In Jan. 1909 $29,864,000 bonds securing the $23,000,000 5-20-year collat.
Mallard Jet. to Lake Arthur, 34 m.; total, 198 miles.
Operated independ¬
trust bonds were sold, the latter being paid off April 1 1909 and the $6,500,ently.
Southern Pacific owns all the $3,360,000 stock. Dividend on
000 3-year notes at or before their maturity Mch. 1 1910.
V. 88, p. 295,
stock in 1905-06 and 1906-07, 10%; in 1907-08, 85%; and in 1908-09, 20%.
452, 1253.
In year 1908-09, gross, $1,967,311; net Income, $911,342; surplus over
charges, $709,038.— (V. 74, p. 268.)
EARNINGS.—11 mos.J1909-10.Gross. $48,199,574; net, $16,791,603
July 1 to May 31.
\ 1908-09.Gross, 41,898,184; net, 14,517,724
LOUISVILLE BRIDGE CO.—Owns bridge 5,294 feet long over Ohio Rlv.
For 6 mos. ending Dec. 31 1909, net, $9,699,456, against $7,779,783 In
at Louisville, Ky., and about 2 miles track In Louisville. Used by P. C. C.
1908; other income, $812,226; charges, $3,997,399; bal., sur., $6,514,283.
& St. L. Ry., Loulsv. A Nashv., Ac. Surp. earns, revert to roads using br’g.
STOCK Is $1,500,000; Penn. Co. owned Jan. 1 1910, $900,300.
Dlvs.
REPORT.—Report for 1908-09, In V. 89, p. 911, 926; see also p. 889.
since 1902: 1903. 13% (V. 79. p. 2747; V. 78, p. 102): 1904, 4%; 1905. 6%;
Comparison with 1906-07 Inaccurate, owing to changes In accounting.
1906, 7%; 1907, 8%; 1908, 16%; 1909, 8%.
For year ending Dec. 31 1909,
Year ending June 30—
1908.
1909.
1907.
gross, $281,478; net, $109,174; other income, $42,909; charges, $19,394;
4,347
Average mileage
4,393
4,306
dlvs. (8%), $120,000; bal., sur., $12,689.—(V. 86, p. 285.)
Freight earnings
$32,465,969 $31,334,941 $35,235,787
LOUISVILLE HENDERSON & ST. LOUIS RY.—ROAD.—Louisville Passengers
10,062,535 10,590,948 10,417,470
to Henderson, Ky., 144 miles (Incl. 6 m. trackage); Irvington to Fordsvllle,
Mail, express, Ac
2,897,387
2,610,688
2,694,392
Ky., 44 miles; Mitchell to Hartford, Ky., 18 miles; L. & N. trackage, Hen¬
Lou. & Nash, in
derson, Ky., to Evansville, Ind., 12 m.; total, 218 m.
$45,425,891 $44,620,281 $48,263,945
Gross earnings
1904-05 acquired $776,081 pref. and $1,631,385 com. stock.
V. 81, p.1100. Operating expenses
29,627,499 33,594,291 35,781,302
EARNINGS.—11 mos.,/1909-10
Gross, $1,080,450; net, $277,636
July 1 to M^y 31.
11908-09
Gross, 1 939,522; net, 238,901 Net earnings
$15,798,392 $11,025,990 $12,482,643
Surplus after charges, $99,949 In 1909-10, against $63,117 In 1908-09.
Net, incl. Investments, Ac
17,117,961 12,346,658 14,044,398
In 1907-08, gross, $992,652; net income, $204,214; improvements, $12,Taxes
a
1,437,992
1,393,760
1,208,611
669; lnt., taxes, Ac., $241,597; bal., def., $50,053.
In 1908-09, gross, Interest and rent
6,416,329
6,091,241
6,236,187
$1,023,736; net, $267,386.
Pres., Luclen J. Irwin.—(V. 89, p. 666.)
Advances to S. A N. A., Ac..
411,403
cr.50,007
52,940
Sinking fund payments
264,302
251,792
241,084
LOUISVILLE & JEFFERSONVILLE BRIDGE CO.—One-half mile long;
betterments
Additions
and
866,547
1,690,468
(Irop.exp.)
approaches 1 mile; 40 acres In Loulsv. and about 60 acres in Jeffersonville.
(5H)3,300,000(5^)3,300,000 (6)3,600,000
Dividends
Stock, $1,425,000; mtge. Is for $5,000,000; bonds for $500,000 are reserved
-

future construction, Ac.; the bonds are guar Jointly and severally by the
hesapeake & Ohio and Cleveland Cincinnati Chicago & St. Louis, in whose
nterest the stock is owned; any deficit on account of the bridge is payable
by them in the proportion of one-third and two-thirds respectively—see
V. 60, p. 130; V. 61, p. 327, 559; V. 62, p. 84.—(V. 89, p. 529.)
LOUISVILLE & NASHVILLE RR.—(See Map.)— ROAD.—Operates
main line from Cincinnati, O.. to New Orleans, La.. 921 miles; with branches
to St. Louis, Mo., Memphis, Tenn., Ac., 3,477 miles, making total system
or

proper, June 30 1909, 4,398 miles.
Control by Atlantic Coast Line.—Late In 1902 the Atlantic Coast Line RR.

acquired $30,600,000 of the $60,000,000 stock, but the roads are operated
Independently. V. 74, p. 830, 1038; V. 75. p. 733, 1399.

Reported separately—
Miles
•Nashville Chatt. A St. Louis.-.925
571
181 •Georgia Railroad system
182
3,176 •Louis. Hend A St. Louis
•Chic. Ind. A Louisville
617

Lines owned absolutely or through

capital stock—
Louisville to Nashville
Sundry other lines..
Lines leased, Ac.—
•South. A North. Ala. RR
Other lines

Miles.

193 Other lines
625 Owned but leased

Operated for other companies...222
Total system proper




4.3C5

to other cos
Do. Paducah A Mem. Dlv

•See this company.
Total of all July 1 1909

...

48
21
248

7.002

Surplus over dividends
sr .$4,421,388df .$475,544sr .$2,850,522
OFFICERS.—Chairman, Henry Walters, N. Y.; Pres., M. H. Smith.
Louisville, 1st V.-P , W. L. Mapother; 2d V.-P.. A. W. Morrlss. 71 B'way
N. Y.—(V. 90, p. 110, 167, 560, 627, 849; V. 91, p. 154.)
LYKENS VALLEY RR. & COAL CO.—Owns from Mlllersburg, Pa., to
Wllllam8town, Pa.. 20 miles.
Lease to Northern Central Is terminable on
60 day’s notice.
Rental, $35,000 per annum.—(V. 64, p. 330.)
MACON & BIRMINGHAM RY.—Owns Sofkee Jet. to La Grange, Ga..
97 miles; trackage, Sofkee to Macon, Ga., 8 miles.
V. 78, p. 584. On
Feb. 3 1908 S. F. Parrott was appointed receiver.
V. 86, p. 337.
In year 1907-08, gross, $146,882; op. def., $17,757: lnt.. taxes and rentals.
$39,223; bal.. def., $56,980.—(V. 86. p. 337.)
MACON DUBLIN & SAVANNAH RR.—Owns road from Macon to VIdalla, Ga.. 93 miles.
Stock, $3,200,000 auth.; outstanding. $2,040,000
(par $100), substantially all owned or under option by Seaboard Air Line
Ry., which guarantees bonds, prin. and Interest.
V. 89, p. 43. Of the.
bonds, $600,000 are reserved for improvements and betterments. V. 84,
For year ending June 30 1909, gross, $334,562; net, $64,217;
p. 102, 450.
other inc., $1,760; lnt., rentals, Ac., $75,382.
Pres., Homer Lorlng, Bos¬
ton, Mass.—(V. 86, p. 981.)




78

RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first

[For abbreviations, &c.,

Miles
Road

page]

10
105
254
192

Lou & N (Con)—Hend Br Co 1st M g dr 105__Ce.c*
Nashv Flor & Sheff 1st M g
Paducah & Mem dlv 1st M,
Sou & Nor Ala Con M (for

assumed In 1900—Ce.c
$5,000,000 gold _Ma.c*
$10,000,000) ggu.Ce.c*
f assum gu by Penn Co__F

Newp & Cln Br 1st M

Date
Bonds

Par
Value

1881
1887
1896
1886

1895

g s
Frankfort & Cincinnati 1st M assumed
L & N-So j’t M $7,750,000 red 105 since

40

Amount

Rate

When

Outstanding

%

Payable

1899

100

—

&c

—

.....

'

.

__

Notes $2,000,000
Notes $5,000,000
First mtge Penobscot
K & L second mtge

_

_

1909
1910
1890
1891

'

Shore Line RR Co assumed.
(for $400,000) assumed __BB
_

European & Nor Amer stock 5% rental 999 years_.
Portland & Ogdensburg stock (2% rental 999 years)
First M. guar, prln and int end. V. 86, p. 1285.

Portland Union Station series “A" & “B” (text) s f
Dexter & Piscataquis stock 5% rental 999 years
First mtge Dexter to Dover &c guar by end
BB
Hereford Ry stock (rental 999 years)
First mortgage guaranteed prln & Int (endorsed).

Upper Coos RR stock 6% rental 999

years

48
48
120
109
109
m

~

—

1,000 AC

1,000 &c
1,000
1,000
100
100

....

....

1908
’87-’89

17
17
1889
53
53
1890
55
1890
22
33
1890
See text.

1,000
1,000
100

....

...

1,000
100

-

....

First mortgage guaranteed prln & Int (endorsed).
Extension M $21,000 p m guaranteed p & 1 (end)

b Also $4,521,000 in treas. or in sinking funds.
f$15,000. g$424,000 h$19.000. i$671,000. j$44,00 0. k$l 00.000
14
Dexter & Newport stock 5%
First M (old 6s refunded In 1897) guar p* 1 end c*
14
1897
....

1,000

1909.
1908.
$
$
Gross earnlngs__8.337,724 8,514,256
Net income

2,269,437 2,268,740 Dividends (8%).
Hire of

deduct—
Interest
Rents

Year ending
June 30—
Deduct—

665,106
900,619

egulp’t__

655,095 Sinking fund
896,780 Additions, &C__

1909.
$

1908.
$

398,152

398,144

76,423

100,836

13,440
113,733

13,440
194,078

Balance, surplus*
101,964
10,366
(V. 86. p. 1285; V. 87, p. 675, 932; V. 88. p. 686; V. 89, p. 842, 849.)
MANCHESTER & LAWRENCE RR.—Owns from Manchester. N. H.. to
Methuen (State Line), 22 Vi miles.
Leased for 50 years from Sept. 1 1887 to
Boston & Maine at rental paying 10% dlv.
In 1895 a dlv. of 50% paid from
proceeds of C. & M. suit.—(V. 73, p. 1264.)
MANHATTAN RY. (ELEVATED!.— (See Map Interborough Rapid Tran
sit Co.)—Owns all the elevated railroads In boroughs of Manhattan and the
Bronx, N.Y. City, main line and branches, 37)4 miles, double-tracked, with
24 miles additional third track, sidings, &o ; total track, 118 miles; 3d rail
electric.
V. 70, p. 176. 633; V. 75, p. 733.
LEASE.—The Interborough Rapid Transit Co. leases the road for 999

the stock. V.75,p.

on
202, 1302; V, 76, p. 212; V. 79. p. 2456; per
alsoannum
Interborough
Rapid Transit
Co., V. 76, p. 101.
Guaranty, V. 76. p. 480.
BONDS.—Consolidated mortgage (trustee, Central Trust Co.) Is limited on
present mileage to $40,000,000. and provided for prior bonds when due.
Amounts beyond $40,000,000 may be Issued for extensions at the rate of
$300,000 per mile of single and $600,000 per mile of double track.
Of
the bonds $11,712,000 are tax-exempt.
(See abstract of mtge. In V. 51, p.
248. and compare V. 52, p. 353; V. 86, p. 1467. 1589; V. 87, p. 285.
To May 1898 claims aggregating $8,847,854 had been paid as damages to
abutting property and other cases were before the courts.
In Jan. 1907
franchise taxes for 1900 to 1905 ($3,170,142) were paid and In 1909 those
for 1906 to-1908 ($1,706,403).

V. 89, p. 42.
DIVIDENDS.—1 ’89. '90-96. '97. *98. ’99. ’00. 01. ’02. ’03.
Since.
Since 1888
%)5)4 6 y’rly. 4)4
4
4
4
4
4
7)4 7%y’rly
Year ending June 30—
1909.
1908.
1906.
Gross earnings.
$13,858,079 $14,038,761 $12,794,720
Net over operating expenses..
7,658,256
7,739.379. 7,372,006
Other Income
475,314
457,113
363,308
Interest, rentals and taxes
3,373,656
3,346,607
3,181,554
Dividends
(7)4,200,000 (7)4,200,000 (7)3.864,000

Surplus after dividends
$559,914
$649,885
$689,760
—(V. 87, p. 37, 285, 1301; V. 89, p. 42, 1280; V. 91, p. 94.)
MANILA RR.—Mileage.—This company, organized in New Jersey in
1906, has taken over and is operating the only steam railroad on the Island
of Luzon, Philippine Islands, being the 208 miles of road previously
owned
by the former (English) Manila Ry. Co., and, having obtained additional
concessions, Is largely extending the system (V. 88, p. 1313; V. 91, p 215V. 83, p. 1348).
The island named has an area of 40,969 sq. miles and a

population, last

census, of 3,798,000.
Total lines authorized, 820 miles, viz.: (1) “Northern Lines,” to comprise
about 350 miles north of Manila; (2) the “Southern Lines,” 470 miles,
all
but about 20 miles to the south of Manila, and a Port Line in Manila con¬
necting with the Government wharves and warehouses.
In operation July
1910, 286 miles of Northern Lines and 60 miles of Southern Lines.
The two
systems (and their accounts) are required to be kept distinct, as if owned by
separate companies, but under the same management. Speyer & Co. are

financing the enterprise.
Of the stock, $3,652,800 7%

cum. pref. and $2,130,700 common, all but
are held by the Manila Ry. (1906), Ltd. (see below).
BONDS.—The Manila RR. (Southern Lines) 1st gold 4s of 1910, guar¬
anteed as to interest by the Philippine Government under Act of U. S. Con¬
gress, are limited to[$30,000,000, of which $2,000,000 were sold and offered

directors’ shares




4

4H
4

5
5
2

4H
4

5
4
4
4
6
4
4 Vi

Co. No

n$31,000 ir$217 .000 8 $2«000
$100 j
$122,000 i
5
1,000
4
175,000 1

—

fears from Nov. 1 1875, guaranteeing 7%

2,000,000
5,000,000
1,300,000
400,000
2,494,100
4,392,538
2 119,000
300,000
122,000
175,000
800.000
800,000
350,000
350,000
693,000

g
g
g
g

5 In 1909
5 g
5 g
8 In 1909
5 & 7
4 & 4Vi
5
4 Vi
4 g

100
500 &c
500 &c
Add’l am ts. owned b y

MAINE CENTRAL RR.—Line of road, Portland to Vanceboro, Me., via
Augusta, 251 miles; branches. Cumberland Jet. to Skowhegan, via Lewiston,
91 m.; Bath to Lewiston and Farmington, 76 m.; Belfast, Foxcroft, Bucksmort and Mt. Desert, Including ferry (7.7m.), 132 m.; Portland & Ogdensb’g
Ry., Portland, Me.,to Lunenberg.Vt., 109 m.;small br.,11 m.; Upper Coos
and Hereford railways, Quebec Jet., N. H., to Lime Ridge, Quebec, 108 m.;
Portland & Rumford Falls system, 104 m.; Bath to Rockland (Including
steam ferry, 6-10 m.), 49 m.; total, June 30 1909, 932 miles, of which 400
owned, 499 operated under 999-year leases and practically owned. 33 m.
under 50-year leases and 8 m. ferry lines.
In June 1910 Rangeley Lakes & Megantlc RR. was Incorporated by the
same interests with $100,000 auth. stock, to build from Oquossoc, Me.,
terminus of Rumford Falls branch, to Canadian border, 30 miles.
In Jan. 1904 the entire stock of the Washington County Ry., 139 miles,
was purchased. Its 3 ^ % bonds (see table above) being guar., prtn.and Int.,
by end.; but road Is oper. separately. V. 78, p. 103, 820, 989; V. 79, p.2640.
In April 1907 control of Somerset Ry., Oakland to Klneo Station, Me.,
and branch, total, 94 miles, was acquired. V. 84, p. 804, 1183.
STOCK.—Stock for $2,516,000 owned by Boston & Maine. V. 72, p. 988*
DIVIDENDS.—1884 to July 1903, 6% yearly; Oct. 1903 to July 1907,
7%; Oct., 1907, to July 1910, 8% yearly (Q.-J.).
BONDS.—There are also $81,000 Maine Shore Line 6s assumed, due 1923;
also $80,500 Belfast & Moosehead Lake mtge. bonds, due 1920, not guar¬
anteed. Interest and sinking fund paid out of rental; And. & Ken. stock
bonds, $11,000, exchangeable for M. C. stock; Maine Central Interest scrip
exchangeable for consol, bonds, $8,192.
Jointly with B. & M. guarantees
$300,000 Portland Union Station bonds.
In 1909 sold $2,000,000 4% 5-year notes and In Mch. 1910 $5,000,000
AVi% 2-year notes.
V. 88, p. 686; V. 90, p. 849.
EARNINGS.—11 mos.J 1909-10
Gross,,$8,146,916; net, $2,717,878
July 1 to May 31.
\1908-09
Gross, 7,582,416; net, 2,292,396
ANNUAL REPORT.—Report for 1908-09 was in V. 89, p. 842.
Year ending
June 30—

6
5
4
5

1,996,000
r4,619,000
7,292,000
1,400,000
160,000
n5,882,500

1902 1,000 &c
*07_S.c*&r
247
1887
Kentucky Central 1st M ($7,000,000) gold ..Mp.c*
1,000 j6,705,000
228
Atlanta Knoxville & Northern first mtge gold—Ce
1896
1,000
999,000
228
1902
Consolidated mortgage gold $10,000 per mile._ Us
1,000
500,000
L & N—Atl Knox & C Dlv M $50,000,000.Us.c*&r
726
1905
1,000 &c Zl0,245,000
L & N Term M $3,000,000 gold guar jointly..Mac*
1902
1,000
2,500,000
Louisville New Albany & Chicago—See Chicago India nap oil s & Lo ulsvllle.
19
20
Lykens Valley—Stock.
Rental pays 5%
600,000
Macon & Birmingham—1st M $500,000 gold—OB.c
97
1896
1,000
500,000
93
Macon Dublin & Sav—1st M $1,840,000 g gu p&l.N.c*
1907
1,000
1,240,000
Maine Central—Stock and scrip ($12,000,000)
100
4,995,700
First consolidated mort-\ ($2*69,500 are 5s)
100 &c
c&r 1 304 ] 1872
4,193,500
100 &c
gage, $9.000,000
J ($3,265,500 are 4s)
c&r f
\1872
4,790.500
Collateral trust bonds for Mt Desert Branch. _AB.c
41
1883
1,000
669,000
’86—’87
1,000
Improvement bonds “A” & “B” not mortgage s f
450,000
Central
Maine
Eur & No Am refunding mtge gold..
56 1893
1,000
1,000,000
—

M
F
F
F
4 Vi g J
4
J
4 g
4 g
J
5 g
J
M
4 g
4 g
M
4 g
J

$1,000 k$l .177,000
1,000
1,000
1,000
1,000

[VOL.

&
&
&
&
&
&

Last Dividend

Maturity

S Sept 1 1931

Places Where Interest and
Dividends are Payable
71

Broadway, New York

A Aug 1 1937
A Feb 1 1946
A Aug 1 1936
J July 1 1945
J Jan 1 1923

P
&
&
&
&
&

and

J
D
S
N
D

July 1 1952
July 1 1987
Dec 1 1946
Mch 1 2002

May 1 1955

LXXXXI.

do
do
do
do

do
do
do
do

J P Morgan & Co, N Y
71 Broadway, New York
do
do
do
do
do
do

Dec 1 1952

July 1 1910 1 Vi Office, 13 William St.N Y
No coupons ever paid
New York Trust Co, N Y
J
□
July 1 1910 2y, Office, Portland, Me
& Ol 1 Apr 1 1912
A
N Y, Boston & Portland
do
A
& o/ /Apr 1 1912
do

Q— J

J
J

&
&

J July 1 1946
J Jan 1 1947

D Junel 1923
&
&
J| July 1916-1917
&
J Jan 1 1933
Q— J
April 1 1914
&
A
O. April 1 1912
&
F
a! Aug 1 1920
F
&
AlFeb 1 1921
A
&
O Apr 15 1910 2k
Q--F 28 May31 ’10. Vi%
M
&
N Nov 1 1928
&
J July 27-Jan 29
J
&
J July 1910 2Vi%
J
J July 1 1929
J
&
N May 1910
&
M
2%
M
&
N May 1 1930
M
&
N May 1910
3%
&
M
N May 1 1930
M
&
N May 1 1930
V
1909. viz.: c$2i ,000.
Z$ll .457, 000. P Coupons
&
J
J July 1910 2 Vi %
M
&
S Sept 1 1917

J
J
J

American Trust, Boston
N Y, Boston & Portland
do
do
do
do
do
do
do
do
do
do
Treas. of flee, Bangor,Me.
Maine Cent Off, Portland
N Y, Boston & Portland

Fidelity Tr Co, Portland
Office, Dover, Me
Bos Safe Dep & Tr Co
Treas. office, Portland
N Y, Boston & Portland

Office, Portland, Me
N Y, Boston & Portland
do
e

do

$7,000

J A J; r*g Q J
Treasurer’s office, Portl’d
N Y, Boston & Portland

by Speyer & Co. in July 1910.
They are Issuable up to the cost of road and
equipment constructed or acquired prior to the supplementary grant of
1909 and to 95% of cost subsequent thereto.
The bonds are redeemable
as a whole at any time at 110 or by lot for a sinking fund of Vi of 1% yearly
from May 1 1919 to Apr. 30 1928 and 1% yearly thereafter. V. 91, p. 215.
All the outstanding bonds on the Northern Lines (see table above), namely
$4,330,000 1st M. 6% bonds and $7,716,000 2d M. 7% bonds, as well as aU
the stock heretofore issued by the Manila RR. Co. (excepting shares to
qualify directors), are owned by the Manila Ry. Co. (1906), Ltd. (an Eng¬
lish co. whose auth. capital is £2,000,000 In 5% non-cum. preference shares,
all out, and £2,000,000 In ordinary shares, of which £399,270 Is out),
and are deposited with the Merchants’ Trust Co., Ltd., as collateral for the
bonds issued by the Manila Ry. Co. (1906), Ltd.; (a) £2,000,000 4% “A”
debenture bonds, due Jan. 15 1956 (may be increased by £250,000); and
(b) subject to the prior lien of said “A” debentures for £1,880,000 4% “B”
debenture bonds, due April 15 1956, total auth. issue £2,000,000 (which
may be increased by £250,000). V. 87, p. 166: V. 88, p. 1197; V. 90, p. 303.
DIRECTORS AND OFFICERS.—Horace L. Higgins (Pres, and Gen.
Mgr.), Manila; J. G. Metcalfe (V.-P.), David D. Davis (2d V.-P.), Alex.
Amend, D. P. Bennett, Chas. A. Conant, Richard Schuster, Wade Gard’ner,
J. G. Milburn, New York; Frank McIntyre and Paul Charlton, Bureau of
Insular Affairs, Washington, D. C.; E. M. Heberd, New York, Is Sec. and
Treas., and Harding W. Dunnett, Manila, Asst. Sec.—(V. 91, p. 214.)
MANISTEE & GRAND RAPIDS RR., MANISTEE & N. E. RR. and
MANISTIQUE & LAKE SUPERIOR.—See page 165.
MANITOU & PIKE S PEAK RY.—See page 165.
MARIETTA COLUMBUS & CLEVELAND RR.—Receiver discharged
Sept. 1909, company resuming possession.
V. 89, p. 593, 1542.
MARSHALL & EAST TEXAS RY.—See page 165.
MARYLAND DELAWARE & VIRQINIA RY.—See page 165.

MARYLAND & PENNSYLVANIA RR.—Baltimore, Md., to York. Pa.,
V. 72, p. 339.
In
April 1910 obtained the right to build to tidewater. V. 90, p. 1171.
STOCK AND BONDS.—Stock authorized, $3,600,000, of which $1,997,80 miles, with branch, Delta to Peach Bottom, 4 m.

500 reserved for future requirements.
In 1902 the authorized Issue of the
first 4s was reduced from $2,700,000 to $1,200,000, of which $203,000 are
reserved to retire the York and Peach Bottom 5s and $100,000 addi¬
tional for future purposes, &c.
V. 74, p. 94, 427; V. 79, p. 2205. Mary¬
land 6c Pennsylvania Terminal guaranteed bonds, V. 82, p. 1041, 1102.
Equipment notes Dec. 31 1909, $30,000. Paid on Incomes 1901, 3%; since

to April lulO. Inclusive, 4% yearly.
EARNINGS.—9 mos.,f 1909-10
Gross, $302,731; net, $88,071
July 1 to Mch. 31.
\1908-09
Gross,
276,994; net,
87,319
REPORT.—For year ending Dec. 31 1909, gross, $399,720; other income,
$1,895; net, $124,767; int. on bonds, &c., $106,564; bal., sur., $18,203.
Pres., John Wilson Brown.—(V. 86, p. 421; V. 88, p. 506, 1171.)

MASON CITY & FT. DODGE RR.—(See Map Chicago Great Western.) —
miles; Hayfleld. Minn.,
to Clarion, Iowa, 100 miles; branches to Lehigh and Coalville, Iowa,
19 miles- trackage, Council Bluffs to South Omaha, 8 miles; total, 387 miles.
The Chicago Great Western owns entire outstanding com. stock ($13,205,400 of the auth. $20,000,000) and the non-cum. 4% pref. stock ($13,635,752
of the $14,000,000 auth.). and operates the road as part of Its main line to
Omaha, under a 100-year agreement dated April 1 1901, and later modified,
the M. C. & Ft.D. receiving 60% of all earnings from business Interchanged.
Any surplus of net earnings after payment of interest on bonds and pref
stock is to be held In trust by C. G. W. for payment of future coupons.
Owns road from Oelweln, la., to Council Bluffs, 260

surplus on June 30 1908 amounted to $1,221,866.
In 1905 $12,000,000
4% bonds were sold.
Compare Chic. Great Western Ry. and V. 73, p.
566, 616, 722; V. 77, p. 640;
V. 78, p. 1782; V. 80, p. 2621.
EARNINGS.—12 mos.,f 1908-09
Gross, $1,919,966; net, $571,472
11907-08
Gross, 1,796,144; net, 593,756
July 1 to June 30.
Report for year 1906-07 In V. 85, p. 1030. In 1907-08, gross, $1,796,144;
net, $594,352; charges, $640,577; bal., def., $46,225.—(V. 88, p. 1437.)

This

MASSAWIPPI VALLEY RY.—Province Line to Lenoxvllle, Que., 34
miles, with branch, 3 m.; trackage to Sherbrooke, Que., 3 m.; total, 40 m.
Leased for 999 years from July 1 1870 to the Connecticut & Passumpslo
Rivers RR.
Stock, $800,000; par of shares, $100; dividends payable Feb.
and Aug. 1,,
Dividends, formerly 5%. 6% since Jan. 1 *97. Of the stock.
$400,000 owned by the Conn. & Pass. River Is deposited under Its mtge. and
$50,000 represented by Connecticut Trust & Safe Deposit Co. of Hartford
5% trust certificates wa£ purchased Feb. 1 1910 under Its option at par.
McCLOUD RIVER RR.—Owns from Sisson, Cal., to McGavIc, 50.6 miles.
Stock, $1,200,000.
Bonds ($1,200,000 auth.). Mercantile Trust Co., San
Francisco, mortgage trustee.
V. 85, p. 1005. In Cal. year 1909, gross,
$427,155; net, $202,849.
For year ending June 30 1909, gross, $427,089;
net. $160,933; Int., taxes, &c.. $151,093; bal., sur., $9,840.
Pres, and
Gen. Mgr., J. H. Queal, San Francisco, Cal.—(V. 85, p. 1005.)

MEADVILLE CONNEAUT LAKE & LINESVILLE.—Meadvllle to
Llnesvllle,Pa.,20.5 miles,and branches, 1.2miles; total,21.7miles. Leased
RR.; rental. 25% of

to June 8 1990 to Pittsburgh Bessemer & Lake Erie
gross earnings.
Stock. $200,000; par, $50.

MEMPHIS DALLAS & GULF RR.—Owns from Murfreesboro, Ark.,

southwest to Ashdown, 41 miles; extensions proposed north to Memphis,
Tenn., 255 miles, and south to Dallas, Tex., 186 miles.
In June 1910 the
Ultima Thule Arkadelphia & Mississippi RR., Dalevllle, Ark., to Spark¬
man, and the Antoine Valley, Sparkman to Allenhurst, Ark., were ac¬

quired, to form part of the through line. Name changed from Mem. Par. &
Gulf RR. Stock authorized, $7,875,000, as Increased July 1910; par $100.
Stockholders in May 1910 authorized a mtge. to secure $6,260,000 30-year
5% bonds to extend road. V. 90, p. 1239. Of the $640,000 6s, $420,000 are
guar., p. & i., by the Nashville (Ark.) Lumber Co.
Pres., W. W. Brown,
Camden, Ark.; V.-P. and Gen. Mgr., C. C. Henderson, Nashville, Ark.;
Sec., J. W. Bishop, Nashville, Ark.; Treas., W. E. Barkman, Arkadelphia,
Ark.—(V. 91, p. 154.)

BONDS

RSAATIOLNWCDKY

i9o.|

Jult,




60

RAILWAY STOCKS AND BONDS
Miles
Road

RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

first page]

Maine Cent (Con)—Bast Maine stk 4 >4 % rental 999 yrs
Wash Co 1st M $20,000 p m sold guar (end) redeem
Somerset By notes $1,500,000 guar prln A lnt

Portland A Rumford Falls HR—See that company
Manchester & Lawrence—Stk 10% rent till '87 B A M
Real estate bonds (not mortgage) lnt gu by B A M.c
Manhattan (Elevated) Ry, N Y—Stock $60,000,000..
N Y Blev debentures scoured by cons mtge ot 1890.
Manhattan Elev cons (now 1st) mtge gold__Ce.c*Ar
Manila RR—1st M Sou Lines g lnt gu s f red llOFc* Ar
1st M On “Nor Lines” (2d on Sou)$7,500,000 au.Ce
2d M on “Nor Lines” (3d on Sou) $12,500,000 au N
Manistique & Lake Sup—Inc M 4% n-c $1,300,000 au
Manist & N E—1st M g due part y’ly red text..AC.«•
Manitoo & Pike's Peak Ry—1st M $500,000 g._. Fc*
.

19
139

Maryland A Pa Ter 1st M $200,000 g gu p A1 red 110
Mason City & Ft Dodge—1st M $12,000,000 g.Ce.cAr
Massawlppi—Stock guar same dlv as Conn A Pass
McCloud River—First mortgage $1,200,000
Meadville Conneaut Lake &Linesville—First mtge—
Memphis Dallas & Gulf—First mtge $6,260,000 gold.
Mem Paris A Gulf—1st M gold red 103 begin 1919._

1,000
9
44
71
40

80
80
378
37

“22

Meridian Terminal—First mtge $250,000 g gu.S c*Ar
Mexican Central—See National Railways of Mexico
Mexican International—See National Railways of Mex lco
16
Mexican Mineral—1st M $500,000 g red 110 s f
Mo
Mexican Northern—Stock, $3,000,000
First M U S gold, red 105, s f
83
.Q c* Ar
Mexican Railway Limited—Ordinary shares
First preference stock 8%
Second preference stock 6%

MEMPHIS UNION STATION CO.—To

own

1.000
1.000

1892

1,000

1886
1890

1.000
1,000 Ac
1,000 Ac

1909
1909
1908
1890
1905
1882
1901
1901
1906
1905

1,000

$6,953,284 $2,822,538 $1,411,269

AZ

4 g
6
7

5 g
6 g
5
4 g

640,000
1,500.000

250.000

A
A
A
A
A
A
A

1.000

£10
£10
£10
£10
342
1909
£100
£100
1909
addltlo nal In sin

O.OOO”

station at

Interest

Other
lnt. on
Balance.
Income. Bonds.Ac.
Surp.,

Dividends

are

Payable

1910 5 v, Manchester and Boston
Boston A Me RR. Boston
1922
1910 1H 21 Park Row, Ndw York
1916
Mercantile Trust Co, N Y
do

1990

1939N Y

do

London, Ac

1956

April 1 1956
Aug 1 1934
Jan
Oct
Nov
Feb

1912-1939
1 1928
1 1940
1 1955

Apr 1 1932

ch 1 1951
Mch
1951
MAN May 1 1936
J
A D Junel 1955
F
A
A Aug 1 1910
A
A
O April 1 1937
J July 1 1921
J
A

Apr 1

N Y
New

A Grand Rapids
York and Chicago

Treasurer’s Office, Phils
First Nat Bk. York. Pa
Brown Bros. N Y; A Bal t
do
do
Alex Brown A Sons, Balt
J P Morgan A Co, N Y *
3% Safe Dep A Tr Co, Boat
Merch Nat Bk. Meadv.Pa

1940
J
A
J Jan 1 1928-29
MAN Nov 1 1911

Merc Tr Co,

MAN May 1 1955

Standard Trust Co. N Y

b340.000
F
A A
# *
3,000,000 See text MAN
9 C J A D
a708.000
£2,254.720
£2,554.100 7 3-16*09 A A
£1,011,960 15-16 *09 A A
6
J
A
J
£2,000.000
A
A O
£1,000.000
4H
5
£3.000.000
M A
g
king fund.
_

MEXICAN INTERNAT. RR.—Merged In 1910 Into Nat. Rys. of Mexico.
EARNINGS—(Mex. cur.) (1909-10..Gross, $8,081,198; net, $3,429,748
July 1 to May 31 (11 months) .\ 1908-09..Gross, 6,356,239; net, 2,613,111
ANNUAL REPORT.—For year ending June 30 1909, V.89, p.1593,1604.
1908-09

5

MAN May 1
J
A
J Jan 1
Q—J
July 1
MAS Mch 1
A A O Apr 1
MAN May 1
Jan 1

i*

1,000
1,000 Ac

100

union passenger

4
7

See text

1899
1890

10

2,000,000
202.450
4 g
897,000
900,000 4 In 1909
200,000
5g
12,000.000
800.000
5
1,200,000
5
200,000

100

Places Where Interest and

MAN May 1910 2X% Office. Rockland. Me
A
J Jan 1 1954
N Y, Boston A Portland
3Hg J
5
J
A D Junel 1911
do
do

1,100,000 Up to 4
5 g
1,318,000
500,000
5
250,000
g

1,000
1.000

Last Dividend
and Maturity

LXXXXI.

4*

1,000,000
274,000
60,000,000
1,000,000
39,777.000
2,000,000

1.000
1.000
1.000
1.000

Orleans A Northeastern RR.. Alabama A Vicksburg and Alabama Great
Southern, which own one-fifth each of the capital stock ($100,000 auth .
of which $89,000 Issued Sept. 1908) and guarantee the bonds jointly and
severally by endorsement; form, V. 85. p. 601.
Pres., D. D. Curran; See.,
W. J. Keileher.—(V. 85. p. 601, 1402.)

Net rev.
(r.S.cur.)

200,000
2,500,000
1,500,000

50 &c

1907
1891
1910
08-’09
1909
1905

Ry., St. L. Iron Mt. A So. and St. Louis Southwestern.

Total recfts
Net rev.
(Afex.cur.)(Mex.cur.)

Payable

1,000
1,000
1,000
1.000

MERIDIAN TERMINAL CO.—Owns passenger station at Meridian, Miss,
opened Sept. 1 1906, and used by the Southern Ry., Mobile A Ohio. New

Year—

When

%

See text
See text

charges and expenses are to be apportioned among the lines on the user
basis.
Stock, $100,000. In Nov. 1909 made a mtge. to the Bankers'
Trust Co. of N. Y., as trustee, to secure an Issue of $3,000,000 50-yr. 4%
gold bonds due Nov. 1 1959, guar, jointly by 5 roads named, of which $2,000,000 Is pledged to secure an issue of $1,500,000 guar. 2-yr. 5% notes,
which have been sold (see table above).
V. 89, p. 1411: V. 90. d 236;
V. 91, p. 94; V. 89, p. 1542.—(V. 90, p. 236; V. 91, p. 94.)

Fiscal

Rate

100

Memphis. Tenn., to be used by Louisv. A Nashv., Nashv. Cbatt. A St. L.,

Southern

Amount

Outstanding

100

1909
1907
1907

Memphis Un Sta—Coll notes red beg May 1910 _Unc*

Perpetual 6% debenture stock
2d debens £1,000,000 auth red par beg 1912 s f
Mexico North Western—1st M gold red text
a Exclusive of $952.000 held by sinking fund.
b $1

1904
1907

’37
32
37

Par
Value

100

22

.

First mortgage $1,200,000 gold call at 105-MeBa.c*
Income mortgage $900,000 4% cum call at par.MBa

Date
Bonds

[Vol.

Little Rk.Ar

Aug 1 1919
Guaranty Trust Co. N Y
May 2 1910 2%
See text
Office, 82 Beaver St, N Y
Apr 1910, 4%
Glyn,Mllls,CurrieACo,Lo
do
do
Apr *10, 1 7-16

Perpetual.

Dec 1960
Mch 1 1959

do
do
do
do
Guar Tr Co, NY A Tor

being operated by that company. The $1,725,000 3Hs of 1901 are a 1st
mtge. on the Jackson Lansing A Saginaw RR.. 350 miles (V. 73. p. 1061;
V. 76, p. 1027.)
Of the $18,000,000 3 Ms of 1902. $4,000,000 are re¬
served for additions. Ac.
V. 74, p. 728; V. 76. p. 102; V. 83, p. 1229.
First 4s on Joliet A Northern Indiana, see V. 84, p. 1367. 1428.
Toledo Canada So. A Det. guar. 4s of 1906. see V. 82, p. 930; V. 85, p. 406.
The Detroit River Tunnel bonds, authorized issue $15,000,000 (see above).
bearing lnt. at not exceeding 5%, will be guaranteed. V. 82, p. 868, 1156.
In April 1909 an Issue of $25,000,000 4% 20-year debentures was author¬
ized, of which $7,636,000 sold to provide for advances to Detroit River
Tunnel Co., and In June 1910 $17,364,000. of which part to retire the
$10,000,000 5% notes due Feb. 1 1910. Of the $4,500,000 authorized 4s
on the Grand River Valley RR. $1,500,000 have been Issued to retire the
1st 6s due Sept. 1 1909, $1,500,000 are reserved for double tracking, Ac.,
and remainder for future requirements.
V. 88, p. 945, 1002, 1061, 1254;
V. 90, p. 1554; V. 89, p. 470; V. 90, p. 627.
Jointly with four other roads, covenants to pay New York Central Lines
$30,000,000 car trusts of 1907 and 1910, the company’s share of equipment
leased being $3,906,382 and $4,300,000 respectively.
V. 85, p. 1402; V. 86,
p. 168; V. 88, p. 761; V. 90, p. 1677.
EARNINGS.—5 mos.,(1910Gross, $11,594,479; net, $3,357,807
Jan. 1 to May 31.
11909
Gross, 10,413,316; net, 2 999,307
ANNUAL REPORT.—Report for 1909 at length was In V. 90. p. 691, 710
Inc.

$705 $745,360 $66>.615

Year ending Dec. 31—

1907-08
8.281.566
2,631,588
1 315.794
3,323 754.570 564.547
N. Y. office, 25 Broad St.—(V. 89, p. 1593,1597,1604; V. 90, p. 1554.)

Railroad

MEXICAN NORTHERN RY.—Owns from Escalon. Mexico, on the Mexi¬
Central Ry., to Sierra Mojada. 83 miles, all steel.
STOCK.—Capital stock Is $3,000,000; par of shares, $100; see application
In full for listing on N. Y. Stock Exchange, V. 64. p. 619.
In June 1909 it was arranged to extend the $708,000 outstanding 6%
bonds to Dec. 1 1930, the obligation to pay to the sinking fund Interest on the
$952,000 bonds held by the fund to cease; but sink, fund of 5% of gross
earnings and Interest to continue on bonds acquired by the fund after
Dec. 1 1910.
V. 88, p. 1437, 1500.
In July 1909 over a majority of the
bonds had consented to the extension.
V. 89, p.,104.

Other income

revenues

Oper. inc., after taxes

1909.

1908.

or

Dec.

$27,415,467 $24,222,139+$3,193,328
$7,743,255 $6,313,644 +1,429,611
941,481

843,519

+97,962

can

DIVS.—
J '93. *94. *95-'99. *00. *01. *02. *03. *04-*08. *09.
1910.
Percent
6H
6 4 y’ly.
5 4H
1H None.
13
May, 2
On Nov. 30 1909 2% for half-year ending June 30 1909; Dec. 22 1909,
11%, being 2% for period from Jan. 1 1903 to Jan. 1 1909.
V. 89, p. 1280.
REPORT.—For year ending Dec. 31, U. S. currency.
Year—
Oross.
Net.
Oth. Income.
Charges.
Surplus.
1909
$311,686
$190,047
$56,894
$115,184
$130,024
1908
397,176
256,217
51,617
123,705
184,128
—(V. 83, p. 1344; V. 88, p. 1313, 1437, 1500; V. 89, p. 104, 1280.)

MEXICAN RY.—See Issue of July 1908.—(V.87, p. 1420; V. 88, p. 944.)
MEXICAN UNION RY.—V. 91, p. 39, 215.
MEXICANO DEL CENTRO RR.—V. 91, p. 215.
MEXICO NORTH WESTERN RY.—Controls Chihuahua A Pacific RR.
(through purchase both of its stock and bonds), Chihuahua to Mlnaca,
122 miles, and La Junta to Temosachic, 55 miles, Rio Grande Sierra Madre
A Pacific (El Paso to Terrazas, 160 miles), El Paso Southern Ry. (terminals
In El Paso), and the Sierra Madre A Pacific Railroad (Temosachic to
Madera, 32 miles), total, 370 miles; contracts have been let to con¬
struct extensions from Terrazas to Madera amounting to about 105 miles
(for which concessions have been granted), which It Is expected will be In
operation by Jan. 1 1911.
One terminal will be at El Paso, Tex., and an¬
other at Chihuahua, at both of which large smelting works exist.
In Aug.
1909 also acquired timber lands. Including those of Sierra Madre Land A
Lumber Co., in all about 3,000,000 acres, largely covered with pine forests,
which will be cut and sold.
See V. 88, p. 749; V. 89, p. 348, 470.
Stock. $40,000,000 (par, $100), of which $15,000,000 issued March 1910.
BONDS.—Present limit £5,000.000, of which £3,000,000 Issued, may
be Increased for extensions, terminals, double-tracking and other special
purposes; National Trust Co. of Toronto, trustee.
Bonds are redeemable

March 1 1959 by annual payments, commencing In 10 years, to be
applied In annual drawings at par or by purchase at or below par. or as a
whole at 105. V. 88, p. 749. Coupons payable at Bank of Scotland, London,
Guaranty Trust Co., New York, and Bank of Commerce, Toronto.
EARNINGS.—(Mex. cur.) (1910
.Gross, $874,195; net, $199,328
Jan. 1 to May 31.
(1909
Gross, 512,181; net, 147,226
OFFICERS.—Pres., F. S. Pearson, 25 Broad St., N. Y.; V.-Ps., E. D.
Kenna and Walter Gow, 27 Pine St., N. Y.: E. C. Creel, Chihuahua. Mex.;
Sec’y, Clarence Wells.—(V. 89, p. 847, 1542; V. 90, p. 698.)
fij|
MICHIGAN CENTRAL RR.—{See Maps New York Central A Hudson
Rivjr.)— LINE OF ROAD.—Main line—Kensington to Detroit. 270 m.
and Windsor to Suspension Bridge (Canada Southern), 226 m.; total main
line 496 miles.
Branches owned and leased. 1.236 m.; trackage (Ill. Cent.)
Into Chicago under perpetual lease, 14 m.; total, Jan. 1 1910, 1.746 miles.
There are 541 m. of 2d track and 1,293 m. of side tracks.
Branch from
Sailings, Mich., to Johannesburg, 14 m., was opened May 1910.
Chicago Kalamazoo A Saginaw Ry., Pavilion to Woodbury, Mich., 55 m..
Is controlled but operated Independently.
V. 84, p. 50.
The third-rail electric tunnel road under the Detroit River from Windsor,
Ont., to Detroit, Mich., 2.42 m. long, under the charter of the Detroit River
Tunnel Co., which Is to be opened for traffic in 1910, is leased for 999
years from Jan. 1 1907.
See BONDS below. V. 80, p. 2343: V. 82.
p. 1156; V. 84, p. 339, 1052; V. 90, p. 910.

at par

CONTROL.—The N. Y. Cent

A Hud. River RR. Co. In April 1898

fave
$115 InofItsthe8H%
$18,738,000
100-yearstock
gold Issued.
bonds for $100 stock, and so holds
16.814,800

DIVID'S. 1*85-86. '87-89. »90. *91.
'92-94.
*95-06. '07. *08. *09. 1910
Per cent
1 nil.
4 yriy.
8
5
5 5K yrly. 4 yrly. 6
6
6
BONDS.—Battle Creek A Sturgis bonds for $500,000, but of this $79,000
was sub-guaranteed by the Lake Shore A Mich. So., 7 miles of the B. C. AS. I




Gross corp. income
Rentals leased lines
Interest on bonds, Ac
Other rents A miscel
Hire equiDt.. incl . lnt

Add’lequip., betterments, Ac
Dividends, 6%
Balance, surplus
Pres., Wm. C Brown, N. Y.—(V
MIDDLETOWN UNIONV1LLE &
RR. Co.)—Owns from Middletown. N.

$8,684,736
$510,310
3,198,875
659,360
894.769
548,925
1,124,280

$1,748,217

$7,157,163+$1,527,572
$510,310
3,110,835
495,451
1,018,312
395,135

+ 88,040
—163,909
—123.543
4-153,790

1,124,280

$502,840 +$1,245,377

90, p. 627, 691. 710. 1554, 1614.)
WATER GAP RR.—{See Map Erie
Y., to Unlonvllie;N. Y., 13.65 miles.
Stock. $149,850; par. $50. Controlled, through stock, by N. Y. Susa. A
West., which pays lnt. on bonds.
Offer was made to extend the $250,000
2d 5s to Nov. 1 1911 with Interest guaranteed by N. Y. Susq. A West.; all
the bonds not consenting, principal was defaulted June 1 1910. V.91,p.l54.
V. 90, p. 1363.
In year 1908-09, gross, $70,827; net Inc., $11,256; lnt.,
taxes, Ac., $40,630; bal., def., $29,374.—(V. 91. p. 154.)

MIDLAND VALLEY RR.—Owns and operates from Excelsior. Ark

.

south to Hoye, Ark., and north to Fidelity, Ark.; also from Excelsior west
to Silverdale, Kan., and from Jenks, O. T., to Glenn Pool. O. T., a total of
299 miles; also operates under trackage from Maney Jet., Ark., to Ft.
Smith, 16 m.. and Silverdale to Arkansas City. Kan., 9 miles: total onrrated, 324 miles.
See V. 78, p. 702, 1109; V. 80, p. 2345.
Stock author¬
ized, $9,000,000: outstanding June 30 1909, $8,013,000; par of shares, $50.
PLAN.—The plan dated June 10 1910 (V. 90, p. 1676) provides for the

discharge ot burdensome car trusts.
The $5,980,000 RR. 5% bonds and
the $1,650,000 Cherokee Construction Co. 6% notes will be retired and the
railroad will Issue (1) $6,000,000 closed mortgage prior lien 5s (secured on
the property of the Midland Valley RR. and also on the rolling stock and
by pledge of all the bonds and stock—$1,250,000and$250,000, respectively,
of the Sebastian County Coal A Mining Co.,—on the coal estate of the
construction company; and (2) $1,800,000 6% 2^-year RR. notes, due
Dec. 1 1912, to be secured by pledge of $2,500,000 new general consol. 6s,
the Issue of these bonds to be limited to $2,500,000 during the life of the
notes.
The Coal Co. bonds and stock may be withdrawn from prior lien
mtge. whenever $1,500,000 prior lien bonds shall have been canceled.
Each $1,000 existing bond will receive about $711 11 new bonds and
$168 48 in railroad notes, and each $1,000 construction company note
$844 44 new bonds and $200 in railroad notes.
EARNINGS.—11 mos.,(1909-10
Gross. $1,273,704; net, $403,065
July 1 to May 31.
129,321
11908-09
Gross,
900,552; net,
'

Report for year ending June 30 1909 In V. 89. p. 990, showed: Gross,
$997,655; net, $81,326; other income, $4,804; Interest, taxes, Ac., $357,240; Improvements, $201,358; balance, deficit, $472,469.
Pres., Charles
E. Ingersoll; Sec. and Treas., H. E. Yarnall.
Office, Franklin Bank
Building, Philadelphia.—(V. 89, p. 990: V. 90, p. 1676.)
MILL CREEK & MINE HILL NAVIGATION & RR.—Mill Creek Jet. to
BroadMountain, Pa., 3.81 m.; second track, 3.81 m.; total track, 34.7
miles.
Leased In 1861 for 999 years to Phila. A Reading RR.; lease as
sumed In 1896 by Phila. A Reading Railway, rental, $33,000 and taxes.
MINE MILL* SCHUYLKILL HAVEN RR.—From Schuylkill Haven to
Ashland and Enterprise Jet., 39.15 m.; 2d track, 17.05 m.; tot.track, 136.86 m.
In 1897 rental reduoed to 6% on stock under new lease for 999 years from
Jan. 1 1897 to Phila. A Read. Ry. Co.; 2 H % is paid In Jan. and 3 %
in July, ii% being deducted for taxes.—(V. 63, p. 1011.)

MINERAL RANGE RR.—Houghton, Mich., to Calumet, Mich., 14 m ,
branches, 31 m.; South Range extension, Ke¬
Bay to Michigan Mine, 39 m.. opened Dec. 24 1900; trackage, 7 m.;
Mohawk RR. operates 17 m.; total, 129 miles, all standard guage.
In
year 1895 paid dividends 10In 1896, 7%; 1897, 7%; 1898, 3 H%l
none since.
Auth. stock. $1,200 000; outstanding, $1,085,000; par. $100.
Hancock to Mohawk, 21 m.;

weenaw

BONDS.—Consols for $1,000 are reserved for $3,000 old bonds. Of the
$593,000 outstanding, $339,000 are 5s; the Can. Pac. on June 30 1909
owned the remaining $254,000 (which are 4s) and the $1.000,000 gen. mtge.
4s, both of which It guar, as to lnt,,
V. 75. p.554. See V. 73. p. 556, 616;
V. 73, p. 785.
Of tonnage in 1908-09 88% was ores and mining products.
Loans and bills payable June 30 190P, $231,250.

July, 1910 ]

RAILWAY STOCKS AND BONDS.

RAILROAD COMPANIES
see notes on first page]

Miles
Road

[For abbreviations, Ac.,

Michigan Central—Stock----—
First mortgage $18,000,000 gold.

A--.-

—G.c*6sr

270
115

M C Michigan Air Line first mortgage
Un.c6br
M C 1st M on Detroit 6b Bay City ($4,000,000). Un.c
do
bonds without coupons
do
r
M C new M on Gr RIv Val $4,500,000. g text_Gc8sr
M O first mortgage on Kalamazoo 6b S Haven. Un r
Mich Cent 1st M on Jack Lans 6b Saginaw gold_c*6er
M C 1st M on Joliet A Nor Indiana $3,000,000 gold
Debentures, $25,000,000 auth, gold
u xc 6Br*
Jack Lans 6b Sag stock 3yearly guar by endGrand River Valley stock rental In perpetuity
Bay City 6s Battle Cr 1st M g guar p A 1 end.-Mp.c*
Battle Cr 6s Sturgis 1st M g guar p 6s 1 end--Mp.c*
TolCanSo6sDetlstM$4,500,000 g gu n 6sI (end) G.c*6Br
Detroit River Tunnel 1st M $15,000,000 guar
0

171

171
84
39

350
45
...

...

-

84
18
41

59

Middletown Union &. Water Gap—1st M ext In ’86.c*
Second mortgage (see text).

13

c*

Midland Valley—1st M $20,000 p m g (text)

..

29)

OP.c*

Mill Creek & Mine Hill Navigation & RR—Stook
Milwaukee Lake Shore 6c Western—See Chicago 6b No rth'W
Milwaukee 6c Northern—See Chicago Milwaukee 6b St Paul
Mine Hill 6c Schuylkill Haven—Stock (6% rental)
39
Mineral Range—Consol mtge (text) gold red at 105..c
16
General mortgage Interest guar by Canadian Pac.F
73
Hancock 6b Cal cons mtge gold red at 105 assumed.
32
Minneapolis 6c St Louis—Common stock
Ce
Preferred stock (V 70, p 1150) 5% non-cum
Ce
First M Merriam Junction to Albert Lea, gold.F.c*
81
Mortgage on Southw Ext gold ($12,000 p m)__Ce.c*
53
Pacific extension first mortgage gold
92
Ce.c*
First consol M $5,282,000 g (V.59,p. 1145).Ce.c*At
First A ref M $25,000,000 gold ($18,000 pm)
632
Ce
Gold notes $5,000,000 sec by coll red par slnce’08.Ce

Date
Bonds

1902
1890
1881
1881
1909
1889
1901
1907
1909
.

-

-

.

•

-

-

...

Minn Dak A P 1st M $50,000,000 g red 105.Ce.c*86r
Car tr ser A g due $60,000 y’ly(V 88,p.1373) .PeP.c*
Minn St Paul & S Ste Marie—Com stock $28,000,000Preferred stock 7% non-cum, $14,000,000
Wisconsin Central leased line ctfs $12,500,000 auth.
c Of which $16,819,300 held by N Y C A H R

EARNINGS.—For 11 months ending May 31:

.

.

...

..

.

.

.

.

.

.

rr‘co

1,000

100 6sc
500 6sc

25

1891

50
500 6bc

1901
1891

100,000
1,000

_

....

....

Payable

1,500,000
700.000
1,725,000
1,500,000
25,000,000
2,000,000

1907-8

1,000 6bc

1904

1877
1880
1881
1894
1899
1906
1906
1909

When

%

)

1,000 6bc
1,000

1,000
1,000
1,000 6bc

....

Rate

Last Dividend
and

Maturity

Places Where Interest and
Dividends are Payable

$100 C$18738.000 6 in 1910 J
6b
J
SH g M 6b N
1,000 6bc
J
4
6b
2,600,000
J
1,000 \ 4,000,000 J
M 6b
5
S
1,000 6sc
—M
5

1889
1889
1906
1906
1866
1871

estern

Amount

Outstanding

$1,0006bc $14,000,000

100
100

.

—

•

Par
Value

81

100
100
500 6bc

1,000
1,000
1,000
1,000
1,000

100
100
100

t

491.200
250,000
421,000

3,100.000
N’ne Jne’10
150,000
250,000
5,980,000
323.375

mq

6b
6b
M
6b
H g
J 6b J
g
A
6b
g
M 6s
3X
5
J
6b
3 g
J
6b
3 g
J
6b
4 g
J
6b
4
5
3
4
4

g

5 g
5
3 g
10

M

M
J
J
J

4,210,200

5 H
J
593,000 4 g 6s 5g J

1,000,000
325.000
e6,000,000 See
f4,000.000 See

4 g
5 g
text
text
7 g
950,000
636,000
7 g
6 g
1.382.000
5 g
5,282,000
4 g
11,870,000
3 g
5,000.000
See text
4 g
3 g
540,000
20,832,000 See text.
10,416.000 7 in 1909
4
11.129,600

J
J
J
J
J
J
A
M
M
F
F
A
A
A
A

6b
6b
6b
6b

6b
6b
6b
6b
6b
6b
6b
6b
6b
6b
6b
6b
6b
6b
6e
6b
6b

July 291910 3% Grand Cent Station, N Y
May 1 1952
Reg at G C S; cp at G Tr
Jan 1 1940
Reg at G C S; cp at U Tr
Mch 1 1931
Union Trust Co, N Y
Mch 1 1931
Grand Cent Station. N Y
S Sept 1 1959

N
S
10
o
s
J
D

Grand Cent Station. N Y
Reg at G C S; cp at G Tr
10 1957
Guaranty Trust Co, N Y
New York
1 1929
1 1910 1H
do
do
1910 2H% Jackson, Mich
1 1989
Union Trust Co, N Y
1 ‘1989
do
do
1 1958
Grand Cent Station, N Y

Nov 1 1939

Sept 1 1951

July
Apr
Mch

July
Dec

D Dec
J Jan

N Nov 1 1911
D June 1 1910
J Jan 1 1954
J July 1910

J
J
J
J
J
J
D
D
O
N
S
A
A
O
O
O
O

July 15
Jan
Jan
Jan

N Y Susq
In default

6b West, N Y

Office, Philadelphia
5% Philadelphia

1910 3 Office, 119 S 4th St. Phlla

1 1931”
44 Wall St, New York
1 1951
All owned by Canadian P
1 1931
44 Wall St, New York
Jan 15 1904 2H Office,
25 Broad St
Jan 15 1910 2 H
do
do
June 1 1927
do
do
Dec 1 1910
do
do
do
do
Apr 1 1921
Nov 1 1934
do
do
Mch 1 1949
do
do
Feb 1 1911
do
do
Feb 1 1956
do
do
To Apr 1 1919
Penn Co for Ins, 6bc, Phil

Apr 15 1910 3 M Minn office; checks mail’d
do
Apr 151910 3 M
do
Apr 1 2008

DIVIDENDS.—
11903. 1904. 1905. 1906. 1907. 1908.1909. 1910.
Charges.
Balance.
Preferred (per cent)-)
7
7
7
7
7
7
7
Apr,3H
$155,815
def.$64,338
Common (per cent)-)
2
4
4
4
4
6
6
Apr,3H
def. 36,694
159,624
BONDS.—Can. Pac. guarantees by endorsement 4% lnt. on all the bonds
REPORT.—For year 1908-9. gross. $820,375; net, $125.342; other In¬
assenting to a reduction of lnt. to 4%. (See V. 50, p. 784; V. 51, p. 239.)
come. $3,049; taxes. $39,933; int., $93,449; other deductions, $39,417;
About one-half Minn. 6b Pac. bonds and practically all other Issues assented.
def., $44,408.—(V. 73. p. 785.)
Abstract of Minneapolis Sault Ste. Marie & Atlantic mtge. In V. 45, p.
24?.
MINNEAPOLIS & ST. LOUIS RR.—(See Map.)— Owns main line Min¬
The consol, mortgage of 1888, abstract V. 47, p. 142, was for
$21,neapolis to Angus, la., 260 miles; Western DIv., Hopkins to Watertown, 000,000 on 800 miles (sufficient of this reserved to retire prior bonds) and for
S. D., 216 miles: Kalo Branch, 1 m.; Lake Park Branch, 1 H m.; Wln$20,000 per mile on all additions.
V. 73, p. 185; V. 78, p. 820; V. 79, p.
1332; V. 80, p. 651; V. 87, p. 1011, 1664; V. 89, p. 779.
throp .Minn., to Storm Lake, Minn., 154 m. Leases trackage from Minne¬
As to second 4s.
apolis to St. Paul over St. Paul 6b North. Pac. RR., 10 m.; from Spencer to see V. 68. p. 669, 771, 977; V. 71, p. 845; V. 85, p. 1646.
Ruthven over Ch. M. & St. P., 12 X m.; from Tara to Fort Dodge, over Ill.
EARNS. (Road proper).—11909-10.Gross, $14,068,812; net, $5,893,340
Cent., 6 m.; leases Des Moines 6b Fort Dodge RR., Des Moines to Fort Dodge
11 months, July 1 to May 31.J1908-09_Gross,
11,536,673; net, 4,235,562
and Tara to Ruthven, 137 H m.; also leases Minnesota Dakota & Pacific,
For 7 mos. ending Jan. 31 1910, net after taxes,
$4,550,531, against
Watertown to Leola, S. D., 114 m., and Conde to Le Beau, S. D., 115 m.;
$7,628,947 in 1908-09; other Income, $311,792; Interest and rents, $1,652,trackage, 24 m.; total operated June 30 1909, 1,051 miles. Also leases to
231;
pref.
div.
(6
mos.),
(6
$294,000;
com.
div.
mos.),
$504,000; bal.,
B. C. R. 6b N. 13 miles.
sur., $2,412,092.
V. 90, p. 1296.
HISTORY.—A reorganization In Oct. 1894, per plan In V. 59, p. 371.
for
REPORT.—Report
year ending June 30 1909 was in V. 89, p. 775.
Persons Identified with Minn. & St. L. control the Iowa Cent. Ry., the
Year —
Gross.
Net Inc.
Int.ARentals. Improves. Bal., Sur.
Ches. & Ohio, St. L. A San Fr., also Tol. St. L. A West., which in Sept. 1907
1908-09
$12,339,755
$4,994,788
$2,461,143
$350,000
$2,183,645
acquired control of the Chicago & Alton and have a large Interest In the
11,193,720
4,368,176
2,367,306
350,000
1,650,870
Missouri Kansas A Texas.
Des Moines 6b Ft. Dodge RR., control acquired
Net Income in 1908-09 Includes $35,593 and In 1907-08 $530,576
In 1904, is leased for 30 years from Jan. 1 1905.
profits
V. 78, p. 2335; V. 79, p.
from the sale of real estate.
From surplus as above were paid dividends as
269. 1704; V. 81, p. 1430.
follows: 7% on pref., $588,000 In 1908-09 and $488,744 In 1907-08, and in
STOCK.—After 5% on each, preferred and common share pro rata.
on common, 6% ($1,008,000), against 5%
($693,015) In 1907-08,
leaving surplus of $587,645 In 1908-09, agst. $469,111.—(V. 90, p. 1296.)
DIVIDENDS.— ’97. ’98. *99. *00. *01. *02. ’03. *04. ’05 to *09. 1910.
Preferred
1 3
3H 4H
5
5 yearly. Jan.,2)$
5
5
5
5
MINNESOTA TRANSFER RY.—Union road owning 13.54 miles, ex¬
Common
%J
None
1 H
4
5
5
2H
0
tending from Junction with Cnlc Mil. & St. Paul at Merriam Park to FredOn pref., Jan. 1910, 2H%; July, none.
V. 90, p. 1677.
fey (with stock yards, 6bc.); side tracks, 45.72 miles; total, 59.26 miles.
V.
67, p. 956.
Stock, $63,000, equally owned by Chic. Milw. 6b St. Paul, Nor.
BONDS, Ac.—Bonds Issued under the mtge. due June 1927 numbered
Pac., Chic. St. Paul Minn. A Omaha, Minn. A St. Louis, Chic. Burl. 6b
from 1,101 to 1,400, for $500 each, additional to those above, were assumed
Quincy, Great North., Chic. Gt West., Minn. St Paul A Sault Ste Marie
by Burl. Cedar Rap. 6b North, (now Ch. Rock I. & Pac.)
and Chic. Rock Island & Pacific.
The ref.mtge.of 1899 limits the 1st consols.(V.59, p.1145) to $5,155,000.
Additional bonds can be Issued for property and Improvements as re¬
First refunding mtge. of 1899 is for $25,000,000, of which $8,530,000 re¬
quired.
served to retire underlying bonds and $4,600,000 for future extensions. Im¬
Principal only Is payable In gold. Mtge. trustee. Northwestern
Trust
Co., St. Paul, Minn.—(V. 66, p. 1238; V. 67, p. 956.)
provements, A c., under severe restrictions. The mtge. Is a first lien on 283
miles of road, &c., and a blanket lien on rest of
property, and is further se¬
MISSISSIPPI ARKANSAS & WESTERN RY.—Owns from a point In
cured by deposit of $2,530,000 Des Moines 6b Ft. Dodge com. stock.
V. 68,
Drew County, Ark., to Gaines Landing, on the Mississippi River in Chicot
p. 187, 332; V. 79. p. 2147; V. 80. p. 2220; V. 87, p. 1420; V. 88, p. 295,
County,
Ark., 22 miles. Stock authorized, $220,000 Year ending June 30
452, 506.
See V. 69. p. 32.
1904, gross, $25,389.
Pres., A. P. Bliss, Saginaw, Mich.; Sec. and Gen.
The $5,000,000 5% notes of 1906 are secured by the $6,250,000 Minn.
Mgr., A. F. Cook. Little Rock, Ark.—(V. 75, p. 442.)
Dakota 6b Pacific 1st gold 4s and the latter’s entire stock.
V. 82, p. 392,
692. 1102; V. 83. p. 38, 1114.
MISSISSIPPI CENTRAL RR.—Owns from a point 14 miles south of
The $3,072,000 Des Moines & Ft. Dodge 4% bonds dated Jan. 1 1905
Hattiesburg, Miss., to Natchez. 164 miles, Including the former Natchez 6b
are guaranteed, principal and Interest,
v. 79, p. 1704, 2696.
Eastern, Natchez. Miss., to Brookhaven, 66 miles, taken over by consoli¬
EARNINGS.—11 mos.,/1909-10
Gross, $4,514,865; net. $1,187,600 dation in June 1909. Extension proposed to Gulf of Mexico. Stock au¬
thorized, $5,000,000; outstanding February 19i0, $3,940,000, par, $100.
July 1 to May 31.
11908-09
Gross, 3,819,221; net. 1,029,405
Dividends of 6% yearly paid to Oct. 1 1907; none since to March 1910.
ANNUAL REPORT.—Annual meeting first Tuesday In October.
Re¬
Bonds.—1st M. bonds dated July 1 1909, limited to $10,000,000, are issu¬
port for 1908-09 was in V. 89, p. 1276.
able at $25,000 p. m.; they are subject to call by lot at 110 for yearly
Year ending June 30—
sinking
1908-09.
1907-08.
Inc. or Dec.
fund of $300 p. m. of road covered from July 11912; also as an entire Issue at
Average miles operated
1,028
1,005
+23
same price. They are guar., p. & 1., by U. S. Lumber Co. V. 88.
p.
1561.
Gross earnings
$4,171,315 $3,826,516 +$344,799
Net after taxes
EARNINGS.—11 mos.,f 1909-10
Gross. $811,967; net, $331,180
1,133,465
995,469
+137,996
Other income
July 1 to May 31.
338,885
315,667
Gross, 641,165; net, 247,816
+23,218
\1908-09
For 6 mos. ending Dec. 31 1909, gross, $413,502; net Income after taxes,
Total net income
$172,011; bond Interest, $102,500; balance, surplus, $69,511.
$1,472,350
$1,311,136 +$161,214
Year ending June 30 1909 (80 of the 164 miles being only partly operated),
Interest paid
$1,383,453
$1,107,677 +$275,776
Rentals
gross, $651,957;
net, $223,911;
other Income, $46,749;
68,266
betterments,
67,782
+484
Net earns. D. M. A Ft. D
$2,050;
taxes, $13,573; net for Interest charges. $257,087; annual Interest
1,965
—1,965
Miscellaneous
charge
on
$4,100,000
bonds
Is
$205,000.
Year
ending June 30 1908 (84
1,068
+1,068
Div. on pref. stock (5%)
miles), gross, $477,010; net, $172,130; other Income, $67,785; better¬
200,000
200,000
ments, $4,668; taxes, $12,509; bal. for lnt., $220,739.
Pres., F. L. Peck;
Balance for year
Treas., John T. Porter; Sec., G. F. Royce.
Office, Hattiebsurg, Miss.—
def.$180,438 def.$66,288 —$114,150
(V. 88, p. 1561; V. 90, p. 1171.)
OFFICERS.—Chairman, Edwin Hawley; Pres.,T. P. Shonts; Vice-Pres¬
idents, Geo. H. Ross and W. L. Ross, Chicago, and F. H. Davis, N. Y.;
MISSOURI & ILLINOIS BRIDGE & BELT RR.—Has bridge 2,100 feet
Treas., F. H. Davis; Sec., A. C. Doan.
Office, 25 Broad St., N. Y.
long across the Mississippi Rver at Alton, III.; also 2 miles of road.
Owned
Directors—Edw. Hawley, H. E. Huntington, F. E. Palmer. F. H. Davis,
by Cleve. Cin Chic. & St. L., Louisville & Nashville. St. Louis Iron
Frank Trumbull, Theo. P. Shonts, New York; L. F.
Mtn. & South., Balt. A Ohio, Missouri Pac., Wabash, Chic. Rock Island 6b
Day, Minneapolis;
F. P. Frazier, Chicago.—(V. 89, p. 1668; V. 90,
p. 1677.)
Pac., St. L. 6s San Fran., Mo. Kan. 6b Tex. and St. L. Vandalia 6b Terre
Haute (Penn. RR. system). Incorporated In Aug. 1904 as successor of the
MINNEAPOLIS
SAULT STE. MARIE RY.—Owns main
ST.
PAUL
&
St. Clair Madison & St. Louis Belt RR.
V. 79, p. 1642, 681.
line from Sault Ste. Marie, Mich., via Minneapolis to
Stock, $2,Portal, North Dakota,
500,000; outstanding, $110,000.
For year ending June 30 1908, gross.
at the International boundary line, there
connecting
with the Canadian Pac.
$142,247; net after taxes. $110,038; bond Interest, $61,940; bal., sur., $48
1,039 miles; branches, Hanklnson, N. D., to Garrison, 292 m.; Glenwood,
098.
Pres., Henry Miller; Treas., F. H. Hamilton; Sec., W. F. Bender,
Minn., to Emerson, 265 miles; Thief River Falls, Minn., to Kenmare, N. D.,
Lincoln Trust Bldg., St. Louis.—(V. 88, p. 1128.)
296 miles; Wlshek, N. D., to Pollock, 70
m.; other branches. 399 m.; spurs,
16 m.; total July 1909, 2,376 miles; also
MISSOURI KANSAS 6c TEXAS RY.—(See Map.)—Operates a line with
trackage to Minneapolis. St. Paul
northern terminals at St. Louis, Kansas City, Junction City and Hannibal.
(being replaced by line owned, V. 83, p. 38) and Sault Ste. Marie, 19 miles.
Extension from main line near Brooten, Minn., northeast to Duluth, 189
Mo., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio
miles, not Included above, was completed July 1909.
Extension from
Moose Lake to Plummer, Minn., 200 m., under construction Oct. 1909.
Tex., and Shreveport, La., with branches.
(*See this company.)
In March 1910 purchased line Lawler, Minn., to
Road Owned—
Miles.
Operated—Not ownea—
Miles
Cuyuna. 36 miles.
V. 90, p. 698.
Missouri Kan. 6b Tex. Ry.—
Operates from Athens, WIs., to Abbotsford, 15 miles, since
Wichita Falls Ry
*18
April 1910 as a part of Chicago division.
St. Louis to Red River, Tex. 629 Denison Bonham 6s N. O. RR. *24
V. 90. p. 1239.
Hannibal
to
Franklin Jet.
104 Dewey, I. T., to Bartlesville—
HISTORY.—A consolidation In 1888 of Minn. Sault Ste. Marie & Atl.,
4
Branches to Paola and Par¬
Minn. & Pac., &c.
Austin, Tex., terminals
2
See V. 46, p. 538, 609; V. 77, p. 628.
sons, Kan.; Oklahoma City
In 1909 51% of Wisconsin Cent. com. stock was
Operated Jointly—
purchased, affording a
and
O.
Guthrie,
St.
to
Louis
Texas
Junction...
24
T.,andWyChicago connection, the road being leased for 99 years from April 1 1909:
barkand Atoka, Okla., 6bc. 921 Kansas City to Paola
$11,129,600 4% leased line ctfs. were Issued (to July 1910), secured by the
43
Mo. Kan. 6b T. Ry. of Texas—
Whites boro to Ft. Worth
WIs. Cent. pref. stock.
71
V. 88, p. 232, 564, 686: V. 89, p. 1668.
Red River to Houston, Tex..
548 Iola to Piqua, Kansas
7
STOCK.—Canadian Pacific In Oct. 1909 owned $11,928,700 common
Denison to Henrietta....... 112 Galveston Houston 6b Bend-.*50
and $5,964,400 preferred.
Preferred stock has a prior right to 7% (nonOther branches
486 Austin to San Marcos..,
20
oumulative); then common to 7%; then share pro rata.
V. 75, p. 549.
Stockholders In 1909 subscribed for $2,016,000 pref. and $4,032,000 com.
Total owned
Total operated Feb 1910..
2,800
3.07>
stock at par, all now out.
V. 88. p. 749, 823; V. 85 p. 160, 722, 793,1646;
In June 1910 acquired $3,856,400 of the $4,000,000 stock of Texas Central,
V. 87, p. 677.
Waco to Rotan, Tex., 267 miles.JLSee BONDS below.
11 Mos.—
Gross.
1909-10
.$763,762
1908-09
755,806
.

Net.

Other Inc.

$82,788
119,897

$8,685
3,031

__

.




82

[VOf,. LXXXXI

RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first page]

Miles
Road

tFo abbreviations, Ac.,

Par
Value

Date
Bonds

Amount

Rate

When

Last Dividend

Outstanding

%

Payable

and Maturity

Minneapolis St Paul & Sault Ste Marie (Concluded)—

Minn Sault Ste Mane & Atlantic 1st M gold—Ce c*
Minneapolis & Pacific first mortgage
Ce.c*
Oons mortgage gold Int guar (end) see text...Ce.c*
Second mortgage $5,000,000 gold Int guaranteed.Ce

Car trusts June 30 1009, due $90,000 semi-annually
Minnesota
M

Transfer—First mtge ($1,004,000

are

495
286

2.530
2.530

.

4s) .c

Mississippi Arkansas & Western—First mtge gold. AC
Miss Cent-—-1st M $10,000,000 g gu red (text)-.Sxc*

22
164

Moft III Brft Belt—St 0 MA St L B 1st M red g.SSt.c*
Consolidated mortgage $2,000,000 authorized gold.
Missouri Kansas & Texas—Pref stock 4% non-cum..
First mortgage gold
Ce 1,599
Second mortgage gold
Me 1,599
First extension mortgage gold $3,254,000
163
Ce.c*
St Louis Division first refunding mortgage
F.c*
Missouri Kansas 8b Eastern 1st M gold assumed--Ce
162
162
Second mortgage guaranteed, being retired
Sh Sh 3s So 1st M ($20,000 p m) gold assumed-Ce.o*
182
Kansas City 3s Pacific 1st M gold assumed
130
Cec*
UK & Okla 1st M $5,468,000 gold assumed
227
Ce.c*
Texas 3b Okla 1st M $2,347,000 gold assumed-Ce.c*
117
First and refunding M $40,000,000 gold (see text). F
Gen M $20,000,000 gold slnk'g fund red at par N c*
S W C 3b Imp 1st M assumed sink fund call at 125.F
New mtge $125,000,000 gold to be authorized
One year 5% secured gold notes red at par
Dallas 3b Waco 1st M $20,000 p m gguar p 3b l.Ce.c*
66
M K 3b T of Texas 1st M $20,000 p m.Ce,c*l Guar pr
225
Boonvllle Bridge 1st M gold sink fd.Ce.c*/3b Inter.
Okla &
Slssouri
&GQuit
North
Ark—Allegheny
Impt red
notes
g red.,
Ry—1st
M $10,000,000
text
SSc*
M O
o

$1,000
1,000
1,000
1,000
1,000
1,000
1,000

1886
1902
1909
1901
1904

350

g

3s

1886
1886
1888
1899

Ry & Term 1st M guar
Missouri Pacific—Stock ($100,000,000 authorized).-.
Pacific RR of Missouri 1st M ext In 1888 gold—Me
283
Second mtge ext In 1891 In gold St L to K C-.c*
283
First mtge St Louis real estate ext In 1892 geld-.
First mtge Caron Br g gu p 3b 1 (end) extend 1893
*13
Third M ext In 1906 red 105 (V 83. p 492.1348) Ce
296
Missouri Pac 1st M Lexington to Sedalia, Mo, gold.
55
Of which held in treasury July 1909:
e $164. 100.

100
500 6bc
500 3sc

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1901

250 3cc

1,000
1,000

Valley Ry., 47 miles, and

a

on

on

100 6bc

550,000
100

1868
1871
1872
1873
1876
1880

7,000.000

500

237.500
3.828,000
650,000

Operating

expenses

terminals and equipment of esti¬

1908.
1907.
$25,300,915 $23,283,669 $26,183,959
18,634,715
17,120,350
17,156,878
_

Rentals received
Miscellaneous income.
Net income
Int. and sink, fund on bonds
Int. on equipment notes
Rentals. .1
Other int. and hire of equipment
Dividends on pref. stock (4%)
Additions ana betterments

$6,666,200
65,6151

115,820j
.

_

$6,847,635
4,782,634
3,318
530,408
156.979

520,000
433,412

$6,163,319

$9,027,081

381,423

177,140

$6,544,741
4,670,628
31,433
507,406

$9,204,221
4,524,839

___

520,000
546,444

478,499
_

__

520,000
518,572

Balance, surplus...
$420,884
$268,830
$3,162,311
OFFICERS.—Pres., A. A. Allen, St. Louis; V.-P., C. Haile. St. Louis;
Sec. and Treas., C. N. Whitehead, 49 Wall St., New York.
Directors.—Edwin Hawley (Chairman), B. F. Yoakum, Hans Winterfeldt, Frank A. Vanderllp, Frank Trumbull, James N. Wallace, Harry S.
Black, F. P. Frazier, New York; A. A. Allen, James Campbell, James
Hagerman, St. Louis, Mo.; Edward S. Rea, Alfred J. Poor, E. B. Stevens,
Kansas; H. J. De Marez Oyens, Amsterdam, Holland; and Alfred W.
Smlthers, London, Eng.—(V. 91, p. 94.)
MISSOURI & NORTH ARKANSAS RR.—Joplin, Mo., to Helena, Ark.,
$61 H miles, of which Neosho, Mo., to Joplin, 19 miles, and Seligman, Ark.,
to Woodruff, 9 miles, are trackage.
Completed in 1909. V. 86, p. 168.
Successor, per plan V. 82, p. 569, 1269; V. 83, p. 39, of St. Louis & North
Arkansas, foreclosed, since extended.
Stock authorized, $25,000 per mile.
In Aug. 1906 a mortgage was filed
to secure an Issue of $11,500,000 50-year 4% gold bonds (St. Louis Union
Trust Co., trustee) Issuable at $25,000 per mile. Entire stock and bonds
are pledged to secure $6,000,000 5-year 5% gold notes of the Allegheny
Improvement Co., due Oct. 1 1911, but redeemable on any interest day;
Interest payable A. 8b O. at St. Louis Union Trust Co., trustee. V. 85. p. 99.
Outstanding May 26 1909. $7,689,500 each of stock and bonds.
For year ending June 30 1909 (345 aver, miles), gross, $486,371; net,
$15,774
In 1907-08 (141 aver, miles), gross, $355,202; net, $7,459; other
Inc., $1,971; taxes and rentals, $17,283; bal., def., $7,853. Chairman. D.
R. Francis; Pres., John Scullln; Vice-Pres., Geo. L* Sands.—(V. 86, p. 857.)




800,000

3sc

f $34. 100

1909.

and taxes

2.573,000

1,000
500

equipment.
Sink, fund, 2% of outstanding bonds yearly beginning Jan. 1
1911.
V. 82, p. 218, 334, 692; V. 84, p. 1551; V. 85, p. 346, 654; V. 88,
p. 101, 158.
The stockholders were to vote July 30 1910 on authorizing a new mtge.
limited to $125,000,000, to secure bonds bearing interest from April 1 1910
at not over 5%.
V. 90, p. 1491.
In July 1910 sold $10,000,000 one-year 5% notes dated Aug. 1 1910, to
be ultimately secured by $3,000,000 M. K. & T. Term. Co. of St. Louis
1st M: 5% gold bonds, $3,856,400 Texas Central pref. and com. stock and
any additional amounts of the $4,000,000 acquired (or approximately
$3,700,000 Texas Central consol. M. 6% bonds and $300,000 stock to be
issued in lieu thereof), and $6,300,000 M. K. & T. gen. M. 4 y2% bonds.
V. 91, p. 94.
GUARANTIES.—Boonvllle Bridge 4s, see V. 73, p. 494.
M. K. A T. oj Texas mtge., $10,000,000, see guaranty, V. 56, p. 604.
The Southwestern Coal A Improvement Co.'s bonds are guaranteed.
Mortgage ($1,000,000) covers the coal In 51,000 acres In Indian Territory; the
oo. also owns 2,350 acres additional. Den. 8c Wash. Ry., 47 m., mines, 8cc.
LATEST EARNINGS.—For 11 months ending Mav 31:
11 Mos.—
Gross:
Net.
Other Inc.
Charges.
Bal.,Sur.
1909-10
$24,593,195 $7,135,193
$234,868
$6,278,530 $1,091,531
1908-09
23,410,044
7,049,546
106,740
5,989,272
1,167,014
ANNUAL REPORT.—Annual meeting first Thursday after first Monday
In April.
Report 1908-09 was given in V. 89, p. 717.
Gross earnings

83,251,000 See

1,000
1,000
500 3sc

mated value of $24,380,000.
V. 79, p. 968, 1281, 1332; V. 80, p. 222,
712; V. 81, p. 613; V. 82, p. 987. 1497; V 86. p. 1101; V 88. p 158. 295.
Of the $20,000,000 gen. M. 4^s, $3,170,000 were sold in Jan. 1909 for

Year ending June 30—

1,340,000
4,505,000
1.000,000
6.000.000
5.610.500

1.000

the first mtge. bonds of Denison 8e Washita

first Hen

10,000,000

1,000

f3,689,000, of which $2,000,000 pledged under M. K. 8c T. mtge.,of 1890.

507 miles of road and

4 g
4 g
5
4 8s 5

5Ig
5
5
4
5

g
g
g
g

|5 Kg
text
4 g
5 g
6
41)4 g
4
5 g

8s
8s

Jan
Jan

8s

July 11938

8s

Jan

F
M

M
M

8b
8s
8s
8s

Bank of Montreal, N Y
do
do
do
do
do
do
do
do
1st Nat Bk.St Paul,Minn
Amer Tr 8b Sav Bk, Chlo

1 1926
1 1936

11949

8s
8s
Aug 1 1916
8s
Jan 1 1922
8b J July 1 1949
8b
J Jan 1 1951
Jan 1 1951
8b
May 16 1910
8b
June 11990
8b
June 1 1990
8b
Nov 1 1944
8b
Apr 1 2001
8s
Apr 1 1942
8s
Apr 1 1942
8s
June 1 1943
8s
Aug 1 1990
8s
May 1 1942
8b
Sept 1 1943
8b
Sept 1 2004
8b
Jan 1 1936
8b
July 1 1929

See text

1,000 3sc
1,000

londs, guar., were assumed on consol. In 1901. V. 72, p. 1034, 1115.
The Missouri Kansas 8c Oklahoma and Texas 8c Oklahoma bonds, issued
at $20,000 per mile, guaranteed, have been assumed.
V 74, p. 1038;
V. 75, p. 185, 733; V. 77, p. 252; V. 78, p. 48; V. 79, p. 968.
Of the 1st and refunding 4s of 1904 ($40,000,000 authorized issue), $12,037,000 is reserved to retire divisional mortgages at or before maturity;
balance unissued ($17,940,000) for future purposes. They are payable at
the option of the holder in sterling, marks or francs.
They are a second
on

if8»

220.000
5 g
4,100,000
4 g
758.500
4 g
790,000
13,000,000 4 In 1909
4 g
40.000.000
4 g
20,000,000
6 g
3,254,000
4 g
1,923,000
6 g
4,000,000
5 g
59.000
6 g
1.689.000
2.500.000
4*
5 g
5,468.000
5 g
2.347.000
4 g
10,023,000
13,170,000
4X g
ft
968,000

1,000
1,000

ORGANIZATION, 8bc.—Reorg. in 1890 without foreclosure, V.49,p.719
In Oct. 1909 a large Interest had been acquired by Edwin Hawley, B. F
Yoakum of the Rock Island Co. and Speyer 8c Co.
V. 89, p. 993.
LAND GRANT.-—Land grant in former Indian Territory (now Okla¬
homa), 3,110,400 acres, subject to Indian title. See V. 79, p. 903, 1281;
V. 81, p. 668, 1042; compare V. 67, p. 222; V. 55, p. 937; V. 61, p. 1155
V. 77. p. 2339; V. 82. p. 1102; V. 84. p. 508, 1248; V. 85, p 736.
STOCK.—Common Increased in 1904 by $7,200,000 to $63,300,300;
preferred is $13,000,000 4% non-cumulative.
Par of shares, $100.
DIVIDENDS.—On pref., 1906 to May 1910, 4% yearly (M. 8c N.l.
BONDS.—M. K. & T. 1st and 2d mtges. of 1890 (abstracts in V. 51, p.
495) cover, besides right to land grant, 15,99 miles of road, incl. line Hanni¬
bal, Mo., to Boggy Tank (except 71 m. trackage), sundry branches, and
Sherman Shreveport 8c Sou., but see below.
Missouri Kansas A Eastern bonds were assumed in June 1896.
(V. 63,
p. 30.)
$4,669,000 St. Louis div. 1st refg. bonds reserved for retirement
of both Issues; balance for ext. and impts.
V. 72, p. 1034; V 75, p. 608.
Sherman Shreveport A So. mtge. is for $6,000,000 at $20,000 per m.; iss’d

lien

1,008,000

500 3bc

1890
1890
1894
1892
1892
1893
1890
1902
1903
1904
1906
1889
1910
1910
1890
1892
1901
1906
1904

$8,204,000
293,000
47.098,000
3,500,000
1,551.000

Places Where Interest and
Dividends are Payable

Harvey Fisk 8b Sons, N Y
St Louis Union Trust Co
2% New York

Office. 49 Wall St. N Y

A Aug 1 1911
N Nov 1 1940
S Sept 1 1942
N Nov 1 1951
Oet 11911
Nov 1 1944
Nov 1 1944
Jan30 1908 2\i

8s
8s

8b
8b
8b
8s
8s
8s

Aug 1 1938
July 1 1938
N May 1 1938
O Oct 1 1938
N July 1 1938
A

8c

Au£ 1 1920

MISSOUR1MOKLAHOMA

do
do
do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do
do
do
New York
do

do

Office. 49 Wall St. N Y
do

do

St Louis. Mo
St Louis, Mo
165 Broadway .New York
Mercantile Trust Co, N Y
do
do
do
do
do
do
do
do
do
do

GULF

RAILWAY—Owns and oper¬
sidings extending from
Wagoner to Red River, via Muskogee and Henryetta.
Branches, Dewar
to Coalton, 5 miles, and Arkansas Jet. to Lowerree, 2.4 miles. * Extension
under construction from present southern terminus to Denison, Tex., 17
miles.
Extension from Wagoner, Okla., to Joplin, Mo., 120 miles, under
construction In June 1910.
Main line, 70-lb. steel rail; sidings, 60-lb. steel
rail—operated Independently.
Owns 2 steel girder bridges over Verdigris
and Arkansas rivers, which are used as toll bridges.^Extensive terminal
property at city of Muskogee.
STOCK.—Authorized $10,000,000; outstanding. $5,610,500; par, $100.
BONDS secured by absolute 1st mtge. on entire property now owned
or hereafter acquired, limited to $25,000 per mile, to be Issued upon com¬
pletion of. 5-mlle sections.
They are subject to call at 107 and Interest
after Nov. 1 1909 on 6 mos. notice.
V. 86, p. 1043.
In July 1910 $5,610,500 had been sold.
Interest, It Is stated, Is guaranteed during construction
and for two years after completion of entire system by Wm. Kenefick
(Construction) Co. of Kansas Ctly, Mo.
V. 88, p. 686; V. 90, p. 977, 1171,
1363.
The M. O. & G. Ry. & Term. 5s, guar, by the M. O. & G. Ry., are
secured on the line between Red River and Denison, Tex., 9 miles; bridge
over the Red River under construction, the bonds being Issued by a sepa¬
rate company to meet legal requirements.
&

ates 212.72 miles of main track and 20.6 miles of

OFFICERS.—Pres.,

Kenefick,

Wm.

Kansas

City,

Mo.;

V.-P.

and

Treas.. W. P. Dewar; Sec., E. R. Jones.
General offices. Muskogee, Okla.
—(V. 87, p. 415; V. 88, p. 686; V. 90, p. 977, 1171, 1239, 1363.)

(1) MISSOURI PACIFIC R Y.—(See Map.)—Operates an important sys¬
southwesterly from St. Louis, Mo., including
Omaha, Neb., 494 m., and from Kan. City to
Pueblo, Col., 624 m., with many branches In Kansas, 8bc.
Through the St.
Louis Iron Mt. 8b Southern, which It controls, connection Is had with Texas
and the lines of the Tex. 8b Pac., Internat. 8b Gt. Northern and the St. Louis
Southwestern, the whole forming what is known as the “Gould System.**
Lines owned.
Miles. |
Leased lines, Ac. (Con.).
Miles.
St. Louis to Omaha
494 (Other lines..
39
Kan. Cy., Mo., to Pueblo, Col. 624|Trackage to St. Joseph. $so
21
Other main line and branches_‘_2,6581
Leased lines, Ac.
|
44 (Tot.Mo.Pac. and branch lines.3,879
Boonvllle St. L. 8b Southern
Also controls St. Louis Iron Mtn. 8b Sou. and leased lines, 2,609 miles.
Grand total Missouri Pacific mileage Aug. 30 1909, 6,489 miles.
The Missouri Pacific Ry. Co. owns about 40% of the stock of the Denver
8s Rio Grande RR. Co., the latter extending from Pueblo to Salt Lake City,
while the D. & R. G. RR. Co. owns a majority of the stock of the Western
tem extending westerly and
main lines from St. Louis to

Ry. Co., whose line, extending from Salt Lake City to San Francisco,
completed In 1910. The Missouri Pac. Ry. Co. is tnusan integral part
trans-continental line extending from St. Louis to San Francisco.
STOCK.—Stock authorized, as Increased by the consolidation with con¬
stituent companies in Aug. 1909, $240,000,000; $83,251,000 of new com¬
pany’s stock will be issued in exchange for stocks of constituent companies
(incl. old Mo. Pac.) merged in 1909. V. 85, p. 1646; V. 89, p. 348.
DIVS.r *82 *83 to *87 *88 *89 *90 *91 *92-*00 *01 *02 to *07
1908
None
Per ct.\6)i
2X stk. since.
7 y’ly.
5)4 4
4
3 None. 2K 5 y’ly.
BONDS.—The consolidated mortgage Is for $30,000,000—trustees John F.
Pac.

was

of

a

Dillon and Edward D. Adams—the balance unissued Is In trust to redeem

prior bonds due If deemed best. Abstract In V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New York,
trustee) are secured by mortgage bonds of new roads at $12,000 or $15,000
per mile; these embracing the line from Fort Scott, Kan., to Pueblo, Colo.,
8*c.
For securities pledged. 8bc., see V. 46, p. 678.
The 4s of 1905 are limited under the “first and refunding” mortgage to
the $37,255,000 outstanding; they are secured by an equal amount at par
of Iron Mtn. stock.
Compare V. 80, p. 712; V. 86, p. 1344; V. 89, p. 1347.
The first refunding mortgage of the Kansas A Colorado Pacific made in
1908 (V. 86, p. 229, 286; V. 88, p. 452) is limited to $50,000,000 (at not to
exceed $30,000 p. m., including $15,544 p. m. of prior underlying bonds);
$20,687,000 bonds secured thereby were Issued, but of these $16,715,000
have been pledged under the new Missouri Pac. “first and refunding”
mortgage; $23,532,000 to retire underlying bonds of constituent companies
at present held by trustee of Mo. Pac. Ry. coll, trust 5s of 1917 and 1920;
$6,781,000 reserved for extensions or Improvements.
V. 90, p. 1171.
FIRST AND REFUNDING MORTGAGE DATED 1909—AUTHOR¬
IZED

ISSUE, $175,000,000.

The “first and refunding” bonds of the Missouri Pacific Ry. Co., dated
1909, are limited to a total of $175,000,000, bearing Interest to be flxedlfor
successive issues at not to exceed 5%, and, if desired, with conversion rights.
See circular, V. 89, p. 1347.
The issue will be subject to call at 110 and
Interest on any Interest day beginning Sept. 1 1917, either as a whole, or In
amounts equal to the pledged St. L. Iron Mtn. 8b Sou. bonds In case these
last should be redeemed.
The immediate issue consists of $29,806,000 5%
Series A bonds convertible at face value at holder’s option into stock at par
from Sept. 1 1912 to Sept. 1 1932, and within such period up to 30 days of
date of redemption, if called for payment; these were subscribed forjby

(H*shareholdersjat 95 in Jan. 1910. See “General Finances.”
Purposes for Which «/iej$175,000,000 First and Refunding Bonds May\Now
Be Issued or Are Reserved.
Issuable forthwith as Series A 5% convertible bonds (1) $19,700,000 upon deposit of a like amount of underlying bonds

(including $16,715,000 of the $20,687,000 Kan. & Col. Pac.
thus providing for payment of
floating debt and not less than $4,653,000 for Improv’ts.; (2)
$5,300,000 to acquire a like amount of St. L. I. M. & So. Im-

-

i

.

bonds heretofore certified,

■|*S

prov’t bonds, and (3) $4,806,000 for add’ns, betterm’ts, &c.
^
(V. 90, p. 1296)
$29,806,000
underlying bonds
66,293,000
If required In refunding-- £.4,640,500

Reserved to refund a like amount of
Reserved to provldejpremlums, 8bc.,

July* 1910.]

NAT’L




RAILWAY STOCKS AND BONDS.

83

Miles
Road

RAILROAD COMPANIES

.

[For abbreviations, Ac.,

see

notes on first page]

Missouri Pac (<Concl)—Consol M $30,000,000 gold-.c*
Gold collateral trust
Un.c*&r
First coll M $10,000,000 g (V 50, d 669)--Me.c*r&r
Mortgage $37,255,000 g red at 102K---Me.xc*&r*
Ler A Caney Val 1st M gold guar (V 70, p 1095) - -c*
Verdigris Val Independence A W 1st M gold guar..
K O A N W 1st M Dref •'A" gold Int rent red 105.Me
Central Branch U P 1st mtge gold assumed. Un .c*
Central Branch 1st M gold assumed
Me
Kan & Col Pac 1st ref M g gu p A 1
G.xc* &r
First & ref M $175,000,000 red conv text_G_xc*&r*
Equip Ass’n obligations $203,000 pay Sept 1 yearly
do
do
Ser B gold $97,000 due Mch 1 yearly,
do
do
Ser C gold $282,000 June 1 yearly .Me
do
do
Ser D to F gold $103,000 Dec 1 yearly
do
do
Ser G to I gold $220,000 yearly

1,076

1,120
671
52
81
100
288

.

do

do

3,779

Date
Bonds

Little Rock & Hot Sp 1st M g assumed

$1,000 $14,904,000
1.000 14.376,000
9.636,000
1,000
500 Ac 37,255,000
520.000
1,000
806,000
1,000
100 &c
1.026,000
1894
1898
2,500,000
1.000
1899
1.000
3.459,000
1908
3,972,000
1,000 &c
100 &c 29,806,000
1909
612,000
1,000
1902
194,000
1903
1,000
846,000
1.000
1903
1.000
460,000
1903
1.331,000
1905-7
1,000
1906
1,000
2.345.000

First M Mobile to Columbus (principal gold) — F.c’
First M exten Columbus to Cairo A branch g.._F.<
General mtge for $10,500,000 (how gold) s f..F c'
Montgom Dlv 1st M $4,000,000 g(V 66 p 1045) .Ce.c’
Collateral
trust gold ($2,500,000) call at par
G.c’

!.

1.000
1,000
1.000
1,000
1,000

47

53

100

1,000
$ & £

1899
1902
__

100

_

150
150

1895
1895

472
527
527
189

1879
1883
1888
1897
1900

200, 1000
200, 1000
100
500 &c

1,000
500
•

tec

1.000
1.000

$6,500,000

48,060,500

improvement bonds
19,700,000
Note.—Bonds converted into stock and canceled, but only to an aggregate
of $40,000,000, may be re-lssued for additions, equipment, Ac.
The Issue is secured by a direct lien on 3,779 miles first main track and
952 miles of other track, subject to $66,293,000 underlying bonds; also
subject to certain underyling bonds on the entire equipment valued at
$18,621,297, and all other property now owned or hereafter acquired: also

by pledge of the new 50-year 5% St. L. I. M. A So. improvement bonds
(limited to $25,000,000) as Issued, of which $5,300,000 to be deposited at
once, having a first lien on 228 miles of first main track and a direct mortgage
subject to existing liens on 2,902 miles of first main track, constituting
practically the St. Louis Iron Mtn. & Southern system.
They are a first lien at once on 165 miles of first main track and after
retirement on or before Nov. 1 1920 of $43,025,000 of the underlying bonds,
on at least 3,079 miles of the present mileage of 3,779 miles by a direct
mortgage on 1,712 miles thereof, and deposit of at least $38,441,000 of a
total limited to $43,219,000 bonds secured by first mortgage on 1,367 miles.
No underlying bonds in hands of public can be extended.
GENERAL FINANCES.—The company on June 30 1909 owned $2,000,000 Wabash RR. pref. stock and the St. Louis & Iron Mtn. $9,326,200 pref.
and $2,826,200 com. stock and $2,913,200 first refunding and extension
bonds.
See Wabash RR.
Stockholders In Jan. 1910 subscribed for $29,806,000 Series A convertible “first and refunding” 5s at 95, to provide for
floating debt, lmpro’vts and add’ns.
V. 89, p. 1347; V. 90, p. 771.
The mortgage debt upon lines securing the new “first ana refunding”
mortgage, after the issue of the $29,806,000 Series A bonds. Including all
outstanding underlying bonds, will be at the rate of about $25,500 per mile
of main track, exclusive of the security to be afforded by pledge of at least
$5,300,000 bonds of St. Louis Iron Mountain & Southern,
EARNINGS.—11 mos., /1909-10..Gross, $48,795,125; net, $14,194,012
July 1 to May 31.
11908-09..Gross, 42,629,010; net, 11,612,035
ANNUAL REPORT.—Fiscal year ends June 30.
Report for year ending
June 30 1909 in V. 89, p. 1539; editorial, p. 1513.
Annual meeting u
held at St. Louis In March.
Report of earnings of Missouri Pacific System
have been as below.
“Other income” in 1908-09 Includes: Wabash 1st ref.
and ext. mtge., $157,387; Pacific Express Co., $464,000; Denver & Rio
Grande, $365,000; St. Louis Watkins & Gulf, Ac., $707,656.
1907-08.
1906-07.
1908-09
Miles operated, average
6,479
6,375
6,489
Total earnings
$46,385,543 $44,238,703 $48,703,343

Total net Income
Interest and rentals
Taxes

Sundry accounts
Dividends.
Rate of dividend

1,694,043

$14,153,073
$9,380,307
1,715,758
1,992,499

16,188,272
3,283,283
$15,467,713 $19,471,555
$9,145,189 $9,060,875
1.483.949
1,644,057
1,228.628
1,692,751
12,592,415
2,875,298

1,935,210
(2 H%)

3.890.875
(5%)

Balance, surplus.
$3,807,228
$1,064,509 $1,050,506
Pres., George J. Gould- Sec. and Treas., A H. Calef. 165 B’way. N. Y.
Directors—George J. Gould, Edwin Gould, Edward T. Jeffery, J. J
Slocum, Howard Gould, Fred. T. Gates, Frank J. Gould, Klngdon Gould,
R. M. Galloway, Cornelius Vanderbilt, New York; Charles S. Clarke, O. L.
Garrison, W. K. Blxby, St. Louis Mo.
New York office 165 B’way.
—(V. 90. p. 560, 698, 771, 1102, 1171, 1296.)

MISSOURI PACIFIC SYSTEM—ST. LOUIS IRON MOUNTAIN &
SOUTHERN RY.—(See Map.)—Owns St. Louis to Texarkana, Tex. Line
490 miles; branches to Belmont. Mo., Bird’s Pt., Mo. (Cairo), Camden,
Ark., Helena, Ark., Cushman. Ark., Arkansas City, Ark., Warren, Ark.,
Memphis. Tenn., &c.; Houston Central Arkansas & Northern Ry., Me Ghee,
Ark., to Alexandria, La., 262 m.; White River branch, Illinois Division,
Memphis Helena & Louisiana. East & West Illinois Ry., 1.544 m.; total
owned July 1 1909. 2,296 m.
Leases Ltttle Rock Junction RR.; Kansas &
Arkansas Valley RR.. &c., 312 m
Total operated July 1 1909, 2,608 m.
The lease of the White & Black River Valley RR., Brinkley to Jacksonport. Ark., 56 miles, with 6 m. branch, was assumed In 1910.
V. 90, p. 504.
The stockholders voted Feb. 2 1910 to (1) purchase the Arkansas Mid¬
land, Little Rock & Hot Springs Western, Little Rock Junction, Pine
Bluff A Western, St. Louis Watkins & Gulf, Arkansas & Louisiana and other
controlled roads; (2) Increase the authorized stock from $130,000,000 to
$190,000,000, and (3) authorize an Issue of 5% Improvement gold bonds
limited to $25,000,000, to be deposited, as issued, under the Mo. Pac. “first
and Improvement” bond issue described above.
V. 89, p. 1543.
O^ns $23,668,000 of the $24,984,756 Texas & Pacific seconds exchanged
for 65% In gold 4s.
See “Bonds” below.
STOCK.—Stock authorized, $190,000,000; Increased from $130,000,000 In Feb. 1910; outstanding, $44,396,573, of which $44,336,600 June
30 1909 owned by Missouri Pacific.
See below.
DIVIDEND.—Since 1901: 1902 to 1904, 10% yearly. 1905, 7; fiscal
year 1905-06, 14; 1906-07, 10; 1907-08, 5; 1908-09, 4; 1909-10, 6%.
BONDS.—General consolidated mortgage Is for $45,000,000.
Nos.
11,001 to 18,000 Inclusive are endorsed with the Missouri Pacific guaranty of
orlnclpal and Interest: form of guaranty was In V.56, p. 650; they area first
lien 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 construction or acquisition and equip¬
ment of branches and extensions.
They are secured by a lien (subject only
to the genera] consols) on all the railroads,'terminals and equipment of the
company owned at the time of the making thereof and also a first and only
lien on all stocks and bonds formerly embraced In the trust of the gold fund¬
ing note Indenture, all leased and branch lines, or their bonds and stocks
(2)




Rate
%
6
5
5
4
5
5
5
4
4

When

Last Dividend

Payable

and Maturity

& N
&
S
&
A
&
S
&
J
&
S
&
J
&
D
tc
A
A
A
A
S
Q —M
Q —M
Q —M
Q —M
Q —M
M tc N

g
g
g
g
g
g
g
g
g
g
g
g
g
g
g
g
g

M
M
F
M
J
M
J
J
F
F
M

5 g
5 g
4 g

A
A
J
M

6
5
5
5
5
5
5

5

Places Where Interest and
Dividends are Payable
Mercant lo Tru t Co
do
do
do
do
do
do
do
do
do
do
do
do
do
f'O
do
do

Nov 11920
Jan 1 1917

Aug 11920
Mch 1 1945

July 1 1926
Mch
Jan
June
Feb
Feb

1
1
1
1
1

1926
1933
1948
1919
1938

New York

Sept 1 1959
Sept 1910-1912
To
To
To
To

Equitable Trust Co, N Y
do

do
do
do
do

Men 1 1912
June 1913

Dec 1914
Dec 1916

do
do
do

Knickerbocker Tr Co,NY

May 1911-1917

tc

O Apr 11931
O Apr 1 1931
J July 1 1929
4 K
33,048,000
N May 1 1933
5 g
1959
5,300,000
326,000
5
To Dec 1912
Q uar.
1,071,000
5
To June 1913
Q —M
5
To June 1917
1,800,000
Q-—M
—M
5
To June 1917
2,562,000
g
Q
6
&
O Apr 1 1916
A
435.000
&
5 g
O Oct 1 1923
880,000
A
6 g
J
&
J July 20 1911
176,000
4 g
&
J July 1 1939
J
1,140,000
5
J
&
J June 1930
983,360
A
4
J July 1 1910 2%
J
900,000
A
5 g
J July 1 1945
J
600,000
A
4
J July 1 1945
J
1.200,000
6.070.600 See text See text June24 1910 4%
6
A
D Dec 1 1927
J
7,000.000
6 g
1.000.000
Q-—Jan July 1 1927
4
A
S Sept 1 1938
M
9.472,000
g
5 g
F
A
A Feb 1 1947
4,000,000
4 g
2,498,000
(J —F
May 1 1930

........

1903
’05-’06
1907
2
1891
44
1903

Reserved to retire a like amount of equipment obligations....
Reserved (together with any bonds not required for refunding)
for extensions, betterments and equipment and bonds secured
by first mortgage on union depots, stations and terminal
facilities under careful restrictions (see note below)
Reserved to acquire a like amount of St. L. I. M. & Sou. 5%

12,459,030

37.187,000
6.074,000
30.529,000

1909

Mobile & Ohio—Stock

earnings

Outstanding

1880
1887
1890
1905
1886
1886

’95-’03

i
Mobile & Birmingham RR—Pref stock ($900,000)... 1

Other Income, &c

Amount

Par
Value

1,000
1,538 ’81-’87
1.000
1,538
1,000
1,543 1899
739 1903 1,000 Ac

gold stamped guaranteed p & I--.

Improvement mtge -25,000,000 gold
Car trusts L to M due June, Sept and Dec yearly^..
Car trusts Ser N to P $355,000 or $357,000 yearlydo
do
Ser R to U, part yearly
do
do
gold $366,000 June yearly. Me c&
Little Rock June 1st M assumed
Me.c*
Pine Bluff & West 1st M assumed red 10 years 105._
Arkansas Midland 1st M gold assumed

Net

[VOL. LKXXXI

RAILWAY STOCKS AND BONDS

84

&
A
&

Mercantile Trust Co. N Y
do
do
do
do
do
do
do
do
Townsend, Whelen & Co
do
do
Merc Tr Co. N Y & Phlla
Mercantile 1 rust Co, N Y
New York and St Louis
New York
St Louis and Philadelphia
Farmers L & Tr Co, N Y
J P Morg& Co NY; &Lon
J P Morgan A Co, N Y
do
do
Mobile
Farmers’ L & Tr Co, N Y
do
do
Gallatin Nat Bank, N Y
Gallatin Nat. Bank, N Y
Guarantee Trust Co, NY

aoqulred by the loan, and $23,668,000 Texas & Pacific seconds, future exten¬
sions, &c.
(V. 68, p. 619; V. 70, p. 997; V. 74. p. 206; V, 78. p. 704, 1224.)
There are also $37,905 first pref. 7% income bonds dated 1879.
The River & Gulf Divisions 4s of 1903 (present Issue $20,000,000) will be
secured by a first lien on 678 miles of road built or under construction (see
above) and on terminal property at St. Louis, East St. Louis, Cairo and
Thebes, and 8.000 acres of coal lands In Illinois, and deposit of the bonds of
the Union Ry. of Memphis.
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 construc¬
tion and $15,000 per mile of second track and branches, but not exceeding
the actual cost, and for additional terminals, equipment, double tracks, &c.
V. 76, p. 543. 600. 1085; V. 77. p. 1875, application to list, V. 77, p.
2036. 2049: see also V. 85, p. 222; V. 86. p. 230: V. 87, p. 167; V. 89, p. 105.
V. 90, p. 850; V. 91, p. 39.
Pine Bluff & West guar. 5s of 1903, see V. 78,
p.

103, 769.

($25,000,000 auth. Issue). of which $5,300,be used for Improvements, additions, &c.
the
Mo.
Pac. and pledged under Its “first & re¬
They will be purchased by
funding” mtge.
V. 89, p. 1349, 1543. See that company above.
The Improvement 4s of 1909
000 to be Issued at once, will

EARNINGS.—10 mos.J1909-10...Gross, $22,488,460: net, $7,766,757
July 1 to April 30.
11908-09...Gross, 19,573,638; net, 6,564,643
For 10 mos. ending April 30 1910, net, $7,766,757; other Income, $505,V. 91. p. 39.
235; charges, $5,653,447: bal., sur., $2,618,545.
REPORT.—For 1908-09 In V. 89, p. 1539; 1906-07 Inaccurate.
Years ending June 30—
1908-9.
1907-8.
1906-7.
Miles operated end of year
2,609
2,599
2,594
Gross earnings
.$23,242,235 $21,793,294 $23,987,020

8,924,646

7,424,035
602,597

6,797.606
1,505,557

8,026,632
4,616,952

8,303.163
4,577,455

10,843,411
4,452,571

1,607,524

1,367,556

1,316,478

Balance, surplus for year.
tzo.oll
$138,596
—(V. 89. p. 105, 226; V. 90, p. 504, 850; V. 91, p. 39.)

$635,370

Net earnings.
Other receipts
Total net income
Interest on bonds
Taxes, bridge expenses,

rentals, &c._

1,918,765

(4'1 ,775.fl4R (5)2.219.55600)4438,992

Dividends

MOBILE & BIRMINGHAM RR.—(See Map Southern Ry.)—Mobile to
Ala., with branches, 150 miles. Leased to Southern Ry.

Marlon Junction,

from March 1 1899 for 99 years, the latter agreeing to meet the Interest on
bonds and to guarantee a dividend on the $900,000 pref. stock of 1 % for
first year, 2% for second year. 3% for third year, and 4% for fourth year
and thereafter.
Of the $900,000 common stock, $893,400 Is owned by
Southern Ry., and voting power on pref. assigned to Southern Ry. during
lease.
V. 68, p. 429. 1134: V. 69, p. 391: V. 71, p. 1013.—(V. 72. p. 137.)

MOBILE JACKSON & KANSAS CITY.—See New Orl. Mob. & Chicago.
MOBILE & OHIO RR.—(See Map Southern Ry.)—Owns from Mobile.
Ala., to Columbus, Ky., 472 m., proprietary line. Kentucky A Tenn RR.
to East Cairo, 19 m.; branches to Columbus, Miss., &c., 34 m.; Columbus.
Miss., to Montgomery, Ala., 167 m.; Mobile & Bay Shore Branch, 38 m.;
with Warrior Branch, 9 m.; Warrior South. Ry. (all stock and bonds
owned). Tidewater. Ala., to Kellerman, 14 m.; Blocton Branch, 13 m.; total
owned. 766 m.; St. Louis & Cairo (leased). Cairo to St. L., 152 m. with br.
to Mlllstadt. 7 m.; trackage, 189 m.; total June 30 1909. 1.114 m.
DIVIDENDS.—1898.1%: 1903.2%: June 1904. 2%; 1905.6%: 1906.
5H%; 1907. 5%; 1908, 4%; 1909, June, 2H%; 1910. June, 4% (from
V. 90, p. 1614.
earnings of fiscal year 1909-10).
In 1909 the Southern Ry. had acquired $8,104,000 of the $9,472,000

freneral
ts collateral
4s andtrust
$5,670,200
ofbonds
the 66.070,600
stock.
for dollar,
4% gold
In exchange
for Issuing,
the M. dollar
8b O. general
4s.
secured by a pledge of the latter and also stock trust certificates for
dividends being payable (A 8# O) at 4% In perpetuity thereafter.

stock,

STOCK.—Stock authorized, $10,000,000; outstanding, $6,070,600; par.
The voting power on $4,984,200 Of the stock Is exercised by the gen¬

$100.

eral mortgage

bondholders by virtue of deposit of 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.
Int. on $4,000,000 St. Louis 8s Cairo 4s Is guaranteed. The 5%
equip, notes dated Oct. 1 1907 are guar, by Am.Car 8b Fdy.Co. V. 84. p. 996.
Of the $2,500,000 collateral trust 4s of 1900, $2,167,000 were Issuable In
exchange for the $6,500,000 St. Louis 8b Cairo stock.
See V. 70. p. 532. In

Outstanding.
$998,000

Equipment Trusts.

“A" and ”B”

••C,” 1904
“D,” 1905
"E.” 1906
1907. guaranteed
Joint equip, notes, 1902
Baldwin Locom. Works

_

.

.

.

.

178,000
369.000

548,000
921,000

Rate.
5
5
4

4K

47,500

5
4

69 873

5&6

Mature in Installments.
To 1919

Sept. ’10-Mch. ’ll, part s-a
July’ll-July ’15. $34,000s-a
Mch *11-Mch.'16, $46,000 s-a
Oct. ’10-Oct. ’14, part s-a
To Dec. 15 1912
To Nov 21 1910

EARNINGS.—11 mos., J1909-10
July 1 to May 31.
\1908-09

Gross, $9,714,109; net, $2,919,511
Gross, 8,957,785; net, 2,884,510
REPORT.—Report for 1908-09 In V. 89, p. 1219 (operated Independ’ly).
1907-08.
Inc. or Dec.
Years ending June 30—
1908-09.
Total operating revenue
+$63,936
$9,727,727 $9,663,791
2,865,976
2,541,322
Net over taxes
+324,654
+352,812
Net including other Income
2,715,772
3,068,584
2,249,852
+381,294
Interest, rentals, &c
2,631,146
+60,206
Dividends paid
(5)301,030 (4)240,824
Additions and betterments
Balance, surplus
—(V. 87, p. 1158; V.

19.446

150,696

—131,250

$116,962
$74,400
—$42,562
89, p. 1142, 1219; V. 90, p. 503, 1614.)
MOHAWK 8k MALONE RR.—OSes Maps New York Central.)—Owns from
Herkimer, N. Y.. to Malone, with branches, 182 miles In all.
HISTORY, LEASE, 8bc.—New York Central owns the $5,000,000 stook.
on which dividends of 4% yearly are paid.
In 1902 a new lease In per¬
petuity was made and $10,000,000 3 H% consols authorized, of which $2.*
500,000 reserved to retire at maturity the first mtge. bonds and $3,600,000
for Improvements and enlargements.—(V. 74, p. 630, 830, 937.)




RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

Mob?& Ohio {Concl)—St L A Cairo 1st M g lnt guar__c
Mobile A B Sh 1st M $200,000 assumed gold--F.c*
First M coll notes (V 86 p 603) g red par
Qac*
Mob A Mai—1st M $15,000 p m g gu p & I (end)- K c*
Consolidated mortgage $10,000,000 gold—G.c* Ar
Monongahela RR—First M $1,500,000 Joint guaranty
Monongahela River RR—Bonds—See B A O RR
Montana

Wyoming & Sou—1st M g red 110 text.-C*

Montgomery A Erie Ry—1st M (old 7s extended ln'8 6)
Morelia & Tacambaro—First M gold (see text) JUsmx*
Morgan’s La & Texas—First M (N O to Morg C)_F.c*
First mortgage Alexandria Extension gold—
F
General mortgage
Morris A Essex—Stock 7% guaranteed D
First mortgage guaranteed under lease

--—F
L AW
Ba
-- -

ConsM (for$25,000,000) guarDL&W—Us.c* Ar
First ref M gold $35,000,000 guar p A l(end) -F.c* At
Real estate mortgage bonds
Morris A Essex Extension stock guaranteed 4% —

Morristown & Erie—First M $300,000 g s f red at par
Mt Carbon & Port C RR—Stock (rental guar) text—

Munising—First mortgage gold
Muscatine North A South—1st M $1,000,000 auth..
Muskegon Grand Raoids A Indiana—First M gold-Ce
Mutual Terminal—1st M gold s f red 102J4--G.C*
..
Narragansett Pier RR—First mortgage $100,000
Nashua & Lowell—Stock 0% rental 92 years B A M._
Nashville Chattanooga & St Louis—Stock
First mortgage (for $6,800,000)
c*&r
First M on Fayette and McM brs ($6,000 p m) .c* Ar
First mortgage on Lebanon Branch
c*
First mortgage on Jasper Branch
Ce.c*

First mortgage on Centrevllle Branch gold-Ce.c* Ar
1st M Tracy Cy Br due $20,000 yly: rem 1917_c* Ar
Cons mtge ($20,000,000) $20,000 p m gold—Us.c*

Nashville A Decatur—Stock guar 7H% by L & N—
Nashville Florence A Sheffield—See Louisville & Nash
Nashville Terminal—First mtge gold lnt rent red 105_
New mortgage $3,000,000 authorized
N
National Railways of Mexico—
Com stock $75,000,000 U S g or 150.000.000 Mex pes

161
38

182
37

Date
Bonds

Par
Value

1886
1899
1908
1892
1902
1902

$500 Ac

“55

1909
1866
1903

102
157
204

1878
1880
1893

119
119
119

1864
1875

33

500 Ac

1,000
1,000
1,000 Ac
1.000

1,000
1,000
1,000
1,000
1,000
1,000
50

250 Ac

1,000
1,000

1900
Var

100
1903

1.000
50

38

'37
8.5
15

1900
1910
1886
1904
1896
—

m —

'

1902
1909

and Aud., George Reeder.

Office,

165.

EARNINGS.—11 mos.,/1909-10_.-Gross, $10,610,955; net, $2,934,930
July 1 to May 31.
11908-09-.-Gross, 10,224,879; net, 2,548,730
ANNUAL REPORT.—Report for 1908-09 was In V. 89, p. 718.
Years end. June 30—
1909.
1908.
1907.
1906.
1,230
1,230
1,230
1,226
Mileage end of year

$11,112,114 $10,738,252 $12,238,472 $11,120,982
2,771,413
2,556,153
2,508,310
2.766,069
-1?,658
18,400
16,458
18,455




$3,049,662

291,983.

$2,866,794

$2,526,710

1 1931

1 1949

Farmers Loan A Tr, N Y
First Nat Bk. Mobile, Ala
Guar Trust Go. New York

1 1991

Knickerbocker Tr Co,NY
Grand Cent Station, N Y

5 g
5
5 g
7
6 g
5
7
7
7

M
M
J

4
5
5
4
5
5
4
4

g

M
M

g

15 1911

1 2002
1 1942

s Sept 1 1939
May 1 1926
Jan 1 1943
Apr 1 1918
July 1 1920
J July 1 1913
J July 1 1910 3H

N

May 1 1914

D
D
J
N
S
J
O

Junel 1915
Dec 1 2000
1912
May 1910 2%

J
A

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

750.000
300.000
371,000
376,000
219,000
7.608,000
3,573,750

J
J
F
See text M
6 in 1910 F
7
J
6
J
6
J
6 g
J
6 g
J
6
J
5 g
A
J
7H

A
A
A
A
A
A
A
A
A
A
A
A
A

J
J
A
N
A
J
J
J
J
J
J
O
J

1,000.000

5 g

70,000
800,000

10,000,000
6,300,000

A

J
J
J
M
J
3K g J
4H
J

g
g

•

J

N
J
o
J

off., Plttsb., Pa.

Empire Tr Co, N Y

Goshen. N Y
U S Mtge A Tr Co. N Y
S P Co. 120 B’way, N Y
do
do
do
do
Del Lack A Western, NY
do
do
do
do
do
do
do
do
do
do

Brooklyn Trust Co, N Y
Sept 1 1923
JulylS’lO 2\4% Reading Terminal, Phlla
American Trust Co, Cleve
Oct 1 1925
Jan

1 1935

July
July
Aug
May
Aug
July

1 1926
1 1924
1 1916
1 1910 4 \4
1 1910 3%
1 1913

July 1910 paid when due

1 1932

Mercantile Tr Co.StLouls

Jan
Jan
Jan
Jan
Jan

Apr
July

J Jan

A

Treas.

R I

Hospital Tr Co, Prov

Indian Hd Bank, Nashua
New York and Nashville
Hanover Nat Bank, N Y
Hanover Nat Bank, N Y
1 1917
do
1 1917
do
do
do
1 1923
do
do
1 1923
do
do
1911 to *17
do
do
1 1928
1910 3H% Nashville

May 1 1949

74.792,200

NASHUA A LOWELL RR.—Owns double-track road from Lowell, Mass.,
N. H., 15 miles.
On Oct. 1 1880 leased for 99 years to Boston
In 1887 lease was transferred to Boston A Maine, which pays
a rental of $73,000 (9% on stock);
In Nov. 1906 to 1909 Incl., H% extra
was paid from accumulated cash surplus.—(V. 83. p. 970; V. 85, p. 1005.)
NASHVILLE CHATTANOOGA A ST. LOUIS RY.—{See Map.)—Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 m.; branches to Lebanon.
Ac., 519 m.; leases Western & Atlantic, Chattanooga, Tenn., to Atlanta,
Ga., 137 m., and Memphis A Paducah Division of the L. A N., 254 miles.
See V. 71, p. 544, 664, 864.
Total operated July 1 1909, 1,230 miles.
ORGANIZATION.—A majority of the stock ($7,177,600) Is owned by
the Lou. A Nash., of which $5,501,500 Is pledged under Its mtges.
West.
& Atl. Is leased from State of Georgia till Dec. 27 1919 at $420,012 yearly.
DIVS. 1 ’93. ’94. ’95 to’98. ’99 to *03. ’04. ’05. *06. ’07. ’08. ’09.
1910since 1893( 3% 3H 4 yearly.
None.
4
5
5
6 5^
5
6

Net income

Places Where Interest and
Dividends are Payable

g
g
g
g

None Jul’10

A Lowell.

L

900,000
130.000
1.200.000
5,000,000
1,494,000
1,000,000
15,000,000
5,000,000
11,677,000
13,600,000
1,800,000
221,000
250.000
282,350
160,000

1,000

to Nashua,

261,790

4
5
5
4

25

—-

Last Dividend
and Maturity

A
J Jan
J
M
A
N May
F A A 15 Feb
M A
S Sept
S Mch
3H g M A
3H g A
A
o Oct

$4,000,000
200,000
600,000
2,500,000
3,900,000
1,372,000

3,419,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000

Trust Co. of Davenport, as trustee, to secure an authorized issue of $1,000,000 bonds.
V. 90, p. 1677.
For year ending June 30 1908, gross, $64,820; operating deficit, $1,754.

earnings

Payable

750,000

100
100

MORRISTOWN & ERIE RR.—Owns Morristown, N. J., to Whlppany
m.;br., 9% m. Stock, $400,000;par, $100. Year 1906 gross, $62,550
net, $24,168. Pres., R. W.McEwan, 11 Broadway,N. Y.—(V. 77,p.511.)
MOUNT CARBON A PORT CARBON RR.—Owns Mt. Carbon to Port
Carbon, Pa., 2.50 m.; 2d track, 2.45 m.; total track. 15.49 miles.
Leased
Mch. 5 1860 for 50 years to Phila. A Read.
In 1910 re leased to Phlla. &
Reading for 99 years from March 5 at 5% on the stock. V. 89, p. 42.
MUSCATINE NORTH & SOUTH RY .—Muscatine, la., to Elrick Jet.,
28.6 miles.
Successor to railroad company of same name, foreclosed
Dec. 1909.
V. 80, p.
To be extended to Burlington, la.
1059.
Stock, $450,000: par $100.
In June 1910 filed a mtge. to the German

Net earnings
._
Investments, Ac
Hire of equip.,rentals,Ao.

When

%

1,000

1873
1877
1877
1883
1883
1887
1888

MUSKEGON QRAND RAPIDS A INDIANA RR.—See pag
MUTUAL TERMINAL CO. OF BUFFALO.—See page 165.

Rate

1,000
1,000

4

Pres., Charles Howard; Sec.-Treas.
Muscatine, la.— (V. 90, p. 1677.)

Amount

Outstanding

See text

^

^

340
125
29
43
46
20
803
119
vllle

1,000

"MONON.”—See CHICAGO INDIANAPOLIS A LOUISVILLE RY.
MONONGAHELA RR.—Brownsville, Pa., to Redstone Jet., 37 miles,
connecting with the Pittsburgh A Lake Erie and Pittsburgh Virginia A
Charleston (Penn, svst lines), which guarantee the bonds (see table above),
prln. and lnt. by endorsement. Stock, $1,428,000; par, $100. Penn. RR.
and Pittsburgh A Lake Erie each own $714,000 stock.
The Penn. RR. on
Year ending Dec. 31 1909,
Jan. 1 1910 owned $670,000 of the bonds.
gross, $1,186,503; net, incl. other Income, $678,312; charges, $220,872.
MONTANA WYOM1NO & SOUTHERN RR.—Owns from Brldger, Mont.,
at a connection with the Northern Pacific to Belfry and westerly to Bear
Creek, about 33 miles, serving a coal district; also Brldger, Montana,
to Clark’s Ford, 30 m.
Extension proposed southerly down Clark’s Fork
Valley to Box Canyon and westerly to Cooke City, where copper, sil¬
ver, lead, Ac., mines are located.
Stock outstanding, $1,000,000. Of
the first gold 5s, $900,000 have been Issued on 33 miles of road, and addi¬
tional bonds are Issuable at $25,000 per mile, Including equipment, provided
the earnings are 1H times the interest charges on bonds, including those
to be Issued on extension.
V. 89, p. 470.
For year ending June 30 1909,
gross, $138,000; net, $80,000; lnt. on $900,000 bonds, $45,000; balance,
surplus, $35,000. Pres., Frank S. Gannon.—(V. 89, p. 470, 1281.)
MONTGOMERY A ERIE RY.—(See Map Erie RR.)—Owns Montgomery
to Goshen, N. Y., 10 miles.
Leased In 1872 to Erie RR. at $16,000 per an.
Stock, $150,000. Dlvs. (4H% per an.) paid May 10 and Nov. 10. Sink,
fund, $6,500 per an. There are $40,500 2d M. 5s due Oct. 1 1927
MORELIA A TACAMBARO.—See page 165.
MORGAN’S LOUISIANA & TEXAS RR. & STEAMSHIP CO.—{See Map
of Southern Pacific.)—ROAD.—Owns Algiers to CheneyviUe, 205 miles;
branches, 122 m.; trackage to Alexandria, 24 m.: total railroad lines, 351 m ;
steamship lines and ferries, 106 m.
Extensions to Port Allen. La., Ac.,
63 m.. were mostly completed Nov. 1909.
ORGANIZATION.—The So. Pac. Co. owns all of the $15,000,000 stock,
Div., in 1905-06, 6%; In 1906-07, 10%; in 1907-08, 25%; in 1908-09, 4%,
EARNINGS.—11 mos.,(1909-10
Gross, $4,425,867; net, $1,508,861
July 1 to May 31.
Gross, 4,226,975; net, 1,311,723
11908-09
In year ending June 30 1909, gross, $4,649 527; net, including other lnoome, $1,422,155; surplus over charges, $756,192.—(V. 76, p. 543 )
MORRIS & ESSEX RR.—(See Map of Delaware Lackawanna A Western.)
—Owns from Hoboken, N. J., to Phillipsburg, N. J., 85 miles; branch,
Denvllle, N. J., via Morris A Essex Tunnel, to Hoboken, N. J., 34 miles;
leases 38 miles; total operated, 157 miles.
LEASED In perpetuity to Delaware Lackawanna & Western, which
assumes all liabll ties and guarantees 7% per annum on stock; 1% extra is
payable In the event of 30% of gross earnings being sufficient to pay all
fixed charges and 10% on outstanding stock.
BONDS.—1st ref. 3 Hs, see V. 70.p. 480,477; V. 71 ,p. 1167; V. 74,p.l308.
EARNINGS.—Important to D. L: A W. with terminal facilities on N. Y.
Harbor, but the earnings show a deficit after payment of rental (Including
$1,050,000 dividends), viz.: In 1908, $789,564; In 1907, $761,634; in 1906,
$888,526; In 1905, $585,394: In 1904, $673,172.—(V. 74, p.1308; V.82,p.805)

Gross

[VOL. LXXXXI.

RAILWAY STOCKS AND BONDS.

86

$2,784,524

1908.

1909.

1906.

1907.

Deduct—

lnt. on debt and taxes.. $1,191,002
$1,189,360
Rentals
626,518
626,607
Miscellaneous
46,000
56,000
Dlv. on stock.
(5)499,232(5^)550,000
Additions to property..
33,115
155,036

$1,167,871

$1,169,670

626,460
26,000
(6)600.000

(5)500,000

624,862
36,000

$106,379
$453,992
$289,790
Balance, surplus..
$653,795
BONDS.—Consol, mtge. of 1888 provided that all prior bonds should be
paid off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Lou. & Nash, guarantees $2,500,000 L. A N. Ter. 4s.
See
L. & N., V. 75. p. 1354;
$11,000 Aetna I. M , M. A O. 6s, V. 77. 2390.
Pres., John W. Thomas Jr.; V.-P., H. F. Smith; Chairman of Board,
E. C. Lewis.—(V. 88. p. 52; V. 89. p. 408, 718; V. 90, p. 167.)
NASHVILLE & DECATUR RR.—(See Map Louisville A Nashville.)—
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles.
Re-leased to
Lou. A Nash. In 1900 for 999 years, the rental being 7H% on stock.
The
Lou. A Nash. July 1 1909 owned $1,979,600 of the stock.—(V. 70, p. 1195.)

NASHVILLE TERMINAL RR.—Owns bridge across the Cumberland
from May 1 1902 to Tenn.
In Dec. 1909 filed a mtge.
to secure $3,000,000 bonds: $1,000,000 reserved to retire $1,000,000 first
5s of 1902.
None sold to July 1910.
V. 89, p.1668.—(V. 89, p. 1668.)
NATCHEZ A EASTERN RY.—See Mississippi Central.
NATIONAL RAILWAYS OF MEXICO.—(Sec Map)—Comprises:
Standard Gauge—Owned.
Leased—
Miles.
Miles.
Laredo to City of Mexico
11
802 Mexican Union Ry.
Mexico City to Juarez City
1,224 Bar extension (Tampico to La
Barra)
6
Mexico to Rio Balsas
182
24
CIntura, Ac., lines (3-rall track)
6 Coahulla Coal Ry
Chlcalote to Tampico
406
Total standard gauge
5,813
Tampico to Monterey and Gomez
Palacio
548
Narrow Gauge—Owned.
Eagle Pass, Tex., and Ciudad
City of Mexico to Uruapan, Ac. 319
Porfirio Diaz via Torreon to
Mexico to Berlstaln & branches 152
Leased—
Durango
540
Branch—Irapuato to Ameca
217 Mlchoacan A Pacific Ry., Ma57
ravatlo to Zltacuaro
Guadalajara to Manzanillo 221
River and 18 m. of track.
Leased for 99 years
Cent RR.. which owns entire $1,000,000 stock.

“

San Juan Jet. to Jaral

50

Vanegas to Matehuala

41

Rincon to Pozos
Monterey to Matamoros
Gonzales to A cam baro
Jimenez to Rosario
Other branches, Ac

37

206

Total Incl. In earnings..

6,341

Controlled—Earnings separate

53
{see separate statem't for each)
96 Interoc. Ry.(incl. 420 m. leased) 1,015
9811

Controlled—Securities Owned.
Mexican
Texas
Ry., Corpus
Chrlsti to Laredo, Tex., &c_.
162
Grand total (of which 1,468 narrow

gauge)
7,356
ORGANIZATION.—Organized March 28 1908 under special Act of Con¬
gress of Mexico, per plan In V. 86, p. 918. 982.
The properties of the National RR. of Mexico, Mexican Central and
Mexican International have been acquired by deeds, operation of the same
being taken over Jan. 1 and Feb. 1 1909 and July 1 1910 respectively.
V. 88, p. 452; V. 89, p. 1601; V. 90, p. 1554.
Application to list, describing

M

properties, new securities, Ac., V. 88, p. 1318.

$115,023,590 of the $230,000,000
authorized stock, viz.: $10,000,000 first preferred, $30,278,290 second
preferred and $74,745,300 common stock, and guarantees the principal
and Interest of the new general mtge. bonds
.V. 87, p. 1533.
DIVIDEND.—On 1st pref., 1% Aug. 1908; 1909, Mch. 1.1%; Aug., 1%;
1910, Feb., 1%; Aug., 2%.
Securities Immediately Issuable
The amounts of new bonds and pref shares which the New York Stock
Exchange has agreed to list as soon as Issued (V. 88, p. 1318) are as follows;
[The amounts actually listed are shown in table at top of next page.]
Prior Lien 4\4% Bonds ($225,000,000 authorized) —
The

Mexican

Government

owns

Issuable In part exch. for Mex.Cent.bonds.abt.
Sold for cash
To Mexican Gov’t on acc’t of guaranty, Ac

$70,294,962

10,000,000
6,000.000

Acct. $10,000,000 Nat. RR. notes April 1909__
7,200,000
Betterments, equip., retiring equip, oblig., Ac. 13,005,000-$106,499,962
The remainder of the auth. Issue of $225,000,000 is reserved as fol¬

lows: (1) $23,000,000 to retire $23,000,000 National RR. of Mexico prior
lien 4 H% bonds due Oct. 1 1926; (2) $95,500,000 for extensions, additions
and improvements as shown in V. 86, p. 1319, 919.
The right Is reserved to Issue $6,000,000 additional bonds ranking pari
passu with the other bonds of this series, to take up at or before maturity

£1,200,000 prior lien bonds of the Mex. Intemat. RR. Co.
The prior lien bonds will be subject to call after Jan. 1 1917 at 105 In
amounts not less than $10,000,000, or for a cumulative sink, fund sufficient
to retire the entire Issue by maturity.
Guaranteed General Mortgage 4% Bonds ($160,000,000 auth.) —
Issuable In part exch. for Mex.Cent.bonds, Ac. $38,565,075
Sold for cash
6,750,000
To Mex. Gov’t on account of guaranty, Ac
2,450.000
Acct. $10,000,000 Nat. RR. g. notes due Apr.’09 4,800,000
Betterments, equip., retiring equip, oblig., Ac.
8,185,925—$60,751,000
The remainder of the authorized Issue of $160,000,000 is reserved as fol¬
lows:
(1) $24,749,000 to retire outstanding National RR. of Mexico first
consol. 4s; (2) $74,500,000 for extensions, additions and Improvements as
stated in V. 86, p. 1320, 919.
The right Is reserved to Issue additional bonds, ranking pari passu with
the other bonds of this series, to take up or retire at or before maturity an
-

equal amount of the consol, mtge. bonds of the Mexican International RR.
The general mtge. bonds will be subject to call at par In amounts not less
than $10,000,000 after April 1 1927; also on and after Oct. 1 1937 for a cum¬
ulative sinking fund, which Is to retire entire Issue not later than 1977.

SkCharl

JEFFEfU
CITY

Union

MAP OF THE

J^JjKPentralU 0H‘>

vO'

Nashville, Chattanooga
McLeanBbor
Nor

llrerdale

M

fBloomfleld

^arbontUlft
•*

I

St. Louis Railway

Lawrenc

"*ElDor«
Shawn eetowi

(Otf

AND

Bur

JTrv

ethtown

v Springfield

Jnnctlon CitT

LEBANON]

jrmcw
springs
^
*

c. FT. 8*

K

Yosemlt

AinUlMMi

CONNECTIONS.

Hazarc

l) Glasgow
Tbowlinq queen

,Burnh«n

f Memphis

'

Jc..

RstUlvtlle

iScottavllle

Hardjn
Rogers ville

BONDS.

RSAATILONWCDKY

1910-1

**

INOXVILLC

lemeiri

&amlg

N.
abheville'

rater

s'

Tellico/

«

J

lMoJlOrT

BTEVENSOI

Senatobla

Inow Alban J
/? ft Clarksdale

Beedvlllel

(Calhoun

k

M
TlQatoba

| /water Valley 3

^ Pontotoc

^McDaniels

i

j

^Oxford

Ridge

L*

Booneville

IK BLUET

w1

Hue

SRioanVoi

Iuka

[Rob Roy

Hillsboro,

^v^Telllco Jc. *

PkTieuant,

DECATUHI

Spruce

i

Pine\

OU NTH C RB VI

Falkvillel
Houston

«L

lale

°

A

Blount

lTcV.„

Albert

vlfie^^ Centre ville

8prs.

^THCNB

Piedmon
W.JC.

Parsons,

V^.mTON
5T

*




i

/'Oxford
-

GA.

Winona

pAC*

Greenwood

Starkvllle,

IUB

Vtalladeoa

1
^

GA.

•pac.

l

A

}

s\

KramerV

^

A.

McCor
Lexington

x

88




RAILWAY STOCKS AND BONDS.

[VOL. LXXXXI

^Cumberland ftap

July, 1910.]




RAILWAY STOCKS AND, BONDS

89

90
RAILROAD COMPANIES
see notes on first

{For abbreviations, Ac.,

page]

National Railways of Mexico (Concluded)—
First pref stk 130.000,000 4% n-c (also as to assets)
2d pref stock $125,000,000 5% n-c (also as to assets)
Prl Hen MU Sr red 105 beg *17 (see text) .Ce.xc* Ar*
General mtge U S sold redeem par (text) guar. Nxc*
Nat.RR of Mex prior lien M sold call 105
Un.c*
First consol M $80,000,000 gold (see textKCe.c*
Mexican Central—First mortgage Including scrip—

Priority bonds gold redeemable at 110
Consolidated mortgage $32,000 p m goldBB.c*Ar
First cons Inc A scrip n-cum ($9,600 p m) g. AB.c*
2d cons lnc($6,400 p m)red 50 %to Aug 1929AB.c*
Registered In ame bonds and scrip unassentcd..r

Miles
Road

Date
Bonds

Par
Value

1,284
1,514
3,407
3,407
3,407

Equipment 5s $50,000 redeemable yearly at pardo
($50,000 yearly par) red 102 M beg ’lO.OB.c*
Mex Int Prior lien £1,200,000 red at par.Un.xc*Ar
First cons M $16,000,000 gold not guar__Mp.xc*Ar
do g. guar stamp subj to call at 95 to Men 1907.

Naugatuck—See Hew York New Haven & Hartford
Nevada-California-Oregon—First mtge $1,500,000 g.
Nevada Central—1st M gold non-cum Inc (sink fd).Ce
New England—See New York New Haven & Hartford
New Haven & Northampton—See New York New Ha
New Jersey Junction—First M guar $4,000,000-G.cAr
New Jersey & New York—See Erie RR Co
New Jersey & Pennsylvania—1st M $200,000 red 105New London Northern—Stock
guaranteed prln and lnt.
New Mexico Cent—S Fe Cent 1st M $2,500,000 g PPic*
New Mexico Ry & Coal—See El Paso A Northeastern
New Orleans Great Northern—First M gold—K.c* Ar
New Orl Mobile & Chic—Com stk $25,000 per mile..
Preferred stock 6% $5,000,000 ($5,000 per mile)__
First mortgage $30,000,000 ($30,000 per mile)..—
New Orleans & North Eastern—Stock $6,000,000....
Prior Hen mortgage gold
Ce.c*
First mortgage gold
F c*

1907
1907
1901
1901
1881
1889
1889
1889
1889
1881

1,000
1,000
1,000
1,000
1,000
1,000

55,000
11,200

1897
1899

1,000
1.000

615
894
894

1897
1897
1897

£100 Ac

$500 Ac

705.500

500 Ac

6.501.000

184
94

1899
1888

1,000
1,000

750,000

A Hartfo rd
5 1886

1,000

25
121
121
35
117

1907

1,000

1910
1905
1901

1,000 Ac

241

1905

1,000 Ac

_

text F

A

4M g J
4 g
A
4H g J
4 g
A

A
A
A
A
A
A
A

1,000

Last Dividend

Maturity

Places Where Interest and
Dividends are Payable

A Aug 101910 2% Office, 25 Broad St. N Y

J
O
J
O
J
J
J
J
J
J
July 10

3
3

and

LXXXXI

July 1

Jbly 1 1957
Oct
Oct
Oct

1 1977
1 1926
1 1951

July 1 1911
July 1 1939
July 1 1911
10 1939
101939

Jan
Jan

do
do
do
do
London and
do
do
None paid

do
do
do
do
Boston
do
do

ao

do

July 11911

Co',

5 g
A
5 g
A
4H g M
4 g
M
4 g
M

A
A
A
A
A

O
O
S
S
S

5 g
5 g

M
J

A
A

N May 1 1919
J July 2 1938

Moran Bros,

1,700,000

4

F

A

A Feb 1 1986

N Y Central A Hud River

200,000
1.500.000
1,500,000
75,000
2,000,000

5
9
4 g

J

A

D June 1 1927

5 g

J
J
J

A
A
A

D 85 years
D Deo 11941

Pittsburgh Trust Co

7,500,000
(?)

5 g

F

A

A Aug 1 1955

Knlck. Tr. Co., N. Y.

5 g

J

A

J Jan 1 1960

580.000

100

Q—J

4

Bost A Lon

Apr 1 1917

Old Col Tr
do

Sept 1 1947
Sept 1 1977
Sept 1 1977

Speyer Brothers, London
Office, 25 Broad St. N Y

Oct

1 1919

do

do

do

New York
1H% paid Feb 1909

Corp Tr Co, Jersey City
July 1910 2 M % New London Office
J July 1 1940
do

do

U)

100
100

452

1910

196
196

1885
1881

1,000
1 000

Second Preferred Shares ($125,000,000 auth.)—
Issuable in part exchange for Mex. Cent. bds_$41,416,234
For Mex. Cent.Ry. stock ($59,127,100), 100% 59,127,100
Account of Nat. RR. of Mexico stock
24,456,666—$125,000,000
Of the Mexican Central Ry. 5% gold notes due July 1910, $7,360,000
were called for redemption July 1 1909 and the remaining $8,380,000
Jan. 1 1910.
Of the Mexican International consol. 4s $2,497,000 were in Jan. 1905
reserved for extensions at $10,000 per mile and improvements.
The total
issue of consols is limited to $16,000,000.
The guaranty of prin. and int.
by Nattonal RR. of Mexico under agreement of June 30 1902 stamped on

$6,501,000 of the consols has been assumed by the Nat. Rys. of Mexico.
V. 75, p. 185
Prior lien 4 Ms, see, V. 65, p. 151, 1071. Consol. 4s of
1897 listed on N. Y. Stock Exch. Feb. 1898.
See application in V. 66,p,341.
GENERAL FINANCES.—In May 1908 the readjustment managers
sold $13,750,000 prior lien 4Ms at 94% and in June 1909 $24,000,000 at
95%, and In June 1908 they sold $29,500,000 general 4s to French bankers.
V. 86. D. 1344; V. 87, p. 38; V. 86, p. 918, 982; V. 88. p. 52, 231, 1438.)
EARNINGS.—11 mos.J 1909-10_-Gross, $47,372,468; net, $18,764,204
July 1 to May 31.
\ 1908-09.-Gross, 44.474,081; net, 17,772,538
REPORT.—First report for year ending June 30 1909 was In V. 89, p.
1593, 1601,1661 (editorial, p.1570), showing in Mexican currency, converti¬
ble into U. S. currency at 50 cents on the dollar:
Mex. cur.
Deductions (con.)—
Mex. cur.
Gross earnings
______$48,805,522 Adjustm’ts, rent’lsAmtsc. $1,162,648
Res’ve
for
Operating expenses
29,166,893
equip. renew’ls 1,340,400
Int. on bonds, &c
16,975,944
Net earnings
$19,638,629 Transferred to res’ve fd_
63,357
Other income
1,386,094 Div. on 1st pref. (2%)_.
1,153,316
$21,024,723
Total deductiofis..
$20,974,253
$278,588 Balance, surplus
$50,470
Chairman of Board, Lie. Jose Ives Lima’ tour; Vice-Chairman. Lie.
Pablo Macedo; Chairman New York Local Board, H. Clay Pierce; Pres.,
E. N. Brown.
N. Y. office, 25 Broad St.—(V. 90, p. 1554; V. 91, p. 39.)

Net income
Taxes

NEVADA-CALIFORNIA-OREGON RY.—Reno, Nev., to Alturas. Cal.,

184 miles, of whlch.Madellne toLIkely, 20 miles, opened Oct. 1 1907, and
20 miles, from Likely to Alturas, completed Dec. 1908.
Extension pro¬

The Sierra Valleys RR., Plumas to Mo¬

hawk, Cal., 37 miles, was acquired at foreclosure sale Jan. 30 1909, the stock
of new co. to be owned, V. 88, p. 452.
Stock, com., $1,450,000; pref.,
$750,000, all out.
After 5% on com., both stocks share pro rata.
Div. on
pref. Aug. 1906, 3%; Aug. 1907, 4%; Aug. 1908 and 1909, 5%. Dividend
on common stock, 1%, paid Aug. 1909.
Report for year 1908-09 was In V. 89, p. 843, showing, gross, $406,668;
net, $228,857; other income, $14,663; int., taxes, Ac., $55,149; div. on pref.
(5%), $37,500; div. on com. (1%), $14,500; bal., surplus, $136,341.
Pres.,
D. C. Moran, 68 William St., N. Y.—(V. 89, p. 779, 843.)
NEW JERSEY JUNCTION RR.—Terminal road through Jersey City,
Hoboken and Weehawken. about 5 miles.
Leased for 100 years from June
80 1886 to N.Y. Central, which guarantees bonds and owns $100,000 stock.
NEW JERSEY & NEW YORK RR.—Owns from Erie Jet., N. J., to
Garnervllle, N. Y., 29 miles; branches to New City, &c., 5 m.; operates to
Haverstraw, Ac., 14 m.; total operated, 48 miles.
Erie RR. in April 1896
purchased control. Stock, $1,440,800 com., $787,800 pref.; par, $100. Con¬
Is
with
trol
pref. stock and 1st mtge. till 6 % has been paid on pref. for three
years.
The $400,000 6% bonds maturing May 1 1910 were extended 30
years at 5%.
V. 90, p. 914.
Year ending June 30 1909, gross, $634,552;
net, $193,567; other inc., $2,243; int., rentals, Ac., $181,657; bal., sur..
$14,154.—(V. 90, p. 914.)
NEW JERSEY & PENNSYLVANIA RR—See page 165.
NEW LONDON NORTHERN RR.—Owns from New London, Conn., via
Brattleboro, Vt.. to South Londonderry, Vt.. 158 miles.
LEASED for 99 years from Dec. 1 1891 to Central Vermont.
The rental
Is $213,552 per annum, whlchleavesa small surplus after
providing for Inter¬
est. dec., and 9% dividends.
Taxes and improvements met by lessee.
In
July 1910 issued $1,500,000 4s to refund outstanding bonds due July 1 1910
V. 90, p. 1677.
DIVIDENDS.—1888 to April 1892, 7% yearly, then 8% yearly to 1893
and since to July 1910 (inc.), 2M% quar. (9% per an.)—V. 90, p. 1677.)
NEW MEXICO CENTRAL RR.—See page 165.
NEW ORLEANS FORT JACKSON & GRAND ISLE RR.—V. 88, p. 375
NEW ORLEANS
GREAT NORTHERN RR.—Owns New Orleans
La., to Jackson, Miss., 182 miles, with branches, Rio, La., to Tylertown’
Miss., 41 m.; Slidell, La., to Folsom, La., 47 m., making a total of 270 miles
operated, incl. 29 m. trackage New Orleans to Slidell, La. On July 1 1909
entire mileage was turned over to operating dept.
Stock, $4,242,200
Of first mtge. bonds ($10,000,000 authorized), $7,500,000 have been
Issued for construction and equipment.
V. 81, p. 841.

Gross, $1,354,065;

(?)
11,041,000

1,000
100

196

made

mos.J1909-10

Payable

50,650,100
23.000.000
24,740.000
41,085 (7) 4
5 g
1,420,000
4 g
3,661.000
9 g
782.400

500 Ac
500 Ac

to make such payment, provision is to be
for the setting aside by the
comDany, as a separate fund, of $1,800,000 prior lien bonds and $1,200,000
guaranteed gen. mtge. bonds, or sufficient proceeds thereof.

EARNINGS.—11

When

%

84i783;i77

$, £ Ac
$, £ Ac

First Preferred Shares ($30,000,000 authorized)—
To be exch. for $28,832,900 Nat. RR. of Mex. pf.stk., 100%.$28,832.900
To assure to the 1st pref. shares semi-annual dlvs. of 1 % for 3 years from
Jan. 1 1908, to the extent to which the net profits shall not be sufficient

posed 58 miles to Lakeview, Ore.

Rate

1,587,986
350,000
500,000
5,850,000

ven

Ba.c*Ar*

First mortgage
West River first mortgage

Amount

Outstanding

$28,830,200 See
123.835.600

Car and locomotive rental notes

net, $526 436

Gross,
July 1 to May 31.
\ 1908-09
555,342; net,
94,504
•Operation of 91 miles.
OFFICERS.—Pres., Charles W. Goodyear; 1st V.-P. and Gen. Counsel
M. E. Olmsted;.2d V.-P. and Sec., C. I. James; Treas., F. A. Lehr; Gen
Mgr., N. G. Pearsall. Directors: Messrs. Goodyear, James, Olmsted
PearsaH, I. C. Enochs. C. K. Mulllngs. G. M. Whitney, G. C. Llgon and
C. W. Goodyear Jr.—(V. 86, p. 1530; V. 88, p. 1197; V. 90. p. 373.)




[VOL.

RAILWAY STOCKS AND BONDS

6,000.000 5 in 1909 Yearly Sept 31909 5
6 g
A
A
O Nov 1 1915
1,320,000
6 g
100,000
J
A
J Jan 1911

49 Wall St.. N Y
New Orleans, La

Central Trust Co. N Y
Muller. Schall A Co. N Y

NEV* ORLEANS MOBILE & CHICAGO RR.—Operates:
Miles. I

RoaC-

Miles.

Road—

Mobile, Ala., to Middleton, Tenn.3691 Elllsvllle Jet. to ElllsvlUe, Miss..
6
Beaumont, Miss., to Hattiesburg. 271
Total (100 m. 60-lb. and 302 m. 70-lb steel). Incl. Gulf A Chicago—402
ORGANIZATION.—Successor Dec. 1 1909 per plan V. 85, p. 1577; V. 87,
p. 1664, to Mobile Jackson A Kan C'y and Gulf A Chicago, sold in foreclosure
Aug. 23 1909.
V. 89, p. 529, 919. It Is proposed eventuaUy to extend
tne system to the Ohio River on the north and to New Orleans on the south.
A syndicate formed by the Interests now in control
agreed to assume
the floating debt of the old companies, aggregating $1,534,262, accept¬
ing as security $1,534,263 In bonds and $153,426 In new pref. stock.
Miscellaneous

car

trusts June 30

1909, $121,491.

EARNINGS.—11 mos.J 1909-10.
Gross, $1,572,781; net,
July 1 to May 31.
Gross, 1,424,013; net,
11908-09
Surplus after charges, $25,628, agst. def. $37,953 In 1908-09.

$545,547

438,270

REPORT.—Report for year ending June 30 1909 (old co.) in V. 89, p.
1540, showed: Total operating revenue, $1,525,833; net after taxes, $461,522; int. on bonds, Ac., $489,296; rents and hire of equip., $24,560; bal.,
def., $52,334.
In 1907-08 op. rev. $1,410,397; net, $224,007.
OFFICERS.—Pres., L. S. Berg, 49 WaU St., N. Y.; Sec. and Treas.,

Geo. W. Crary, Mobile, Ala.

Directors.—Brayton Ives (Chairman), L. S. Berg, Chas. K. Beekman,

Geo. R. Sheldon, Frederic E. Fried and R. W. K. Anderson of New York;
John McLeod, Philadelphia: Richard B. Scandrett, Pittsburgh; Wm. C.

Sproul, Chester, Pa.; S. Wexler, New Orleans, and Edmund K. StaUo,
New York.—(V. 90, p. 167.)
NEW ORLEANS & NORTH EASTERN RR.—New Orleans. La., to Mer¬
idian, Miss., 196 miles. Stock, $6,000,000 (par $100), of which $5,320,000
and $5,195,000 gen. 4 Ms and $1,500,000 Incomes were held In Jan. 1910 by
Ala. New Orleans Texas A Pac. Jet. Ry.
Reorganized In 1902 per plan In V. 74, p. 681. Dividend on stock 1903
and 1904,3% each; 1905, 3M%; 1906,5%; 1907,6%; 1908. 4%; 1909,
Sept.. 5%.
Of the gen. 4 Ms, $1,472,000 are reserved to retire the remain¬
ing prior lien and first mtge. bonds and $766,000 for future needs.
Equipment notes of 1906, V. 82. p. 987.
EARNINGS.—11 mos.J 1909-10...Gross, $3,164,740; net, $1,089,714
July 1 to May 31.
11908-09
Gross, 2,803,888; net,
877,809
Report for 1908-09, V. 89. p. 1594.
Yr. end. June 30.
Gross.
Net.
Oth. Inc.
Balance.
Int., Ac.
1908-09
$3,035,088 $843,164
$86,651
$599,748
$330,066
1907-08
2,883,656
657,188
142,761
554,309
245,640
From surplus paid div. of 5% ($300,000) In 1908-09, against 4% ($240,000) in 1907-08.—(V. 87, p. 1295; V. 89, p. 779, 1223, 1594.)

NEW ORLEANS TERMINAL CO.—Owns extensive terminal property at

New Orleans and a belt railroad around the city, leased to the St. Louis A
San Francisco and Southern Ry for 99 years from July 1 1903, rental cover¬
ing all expenses of operations, maintenance and charges. Southern Ry.
and St. Louis A San Francisco each own half of the $2,000,000 outstanding
stock ($5,000,000 authorized), and jointly guarantee the bonds.
In Feb.
1909 $3,000,000 of an Issue of $3,500,000 2-year 5% notes, guaranteed by
two lessor companies and secured by $5,000,000 bonds, were sold to retire
$2,500,000 notes maturing April 10 1909 and for Improvements. V. 86, p.
721; V. 88. p. 564.
Pres., D. D. Curran. See V. 78. p. 343, 1447; V. 79,
p. 1466; V. 81. p. 155; V. 83, p. 272; V. 86. p. 721; V. 88, p. 564.)

NEW YORK BAY RR.—Owns from Kearney Junction. N. J., to a point
4,184 feet east of Waverly Station, near Newark, and from a point 4,037
Waverly Station to the bulkhead line at Greenville piers, on New
10.98 miles, with 3 branches, 2.59 miles; total, 13.57 miles.
Stock, $6,000,000, all owned by Pennsylvania RR.
In 1908 made a mtge.
to secure $6,000,000 bonds, of which Penn. RR. Dec. 31 1909 owned $3,310.000.
V. 86, p. 920, 982.—(V. 86, p. 920, 982.)

feet east of
York Bay,

NEW YORK BROOKLYN & MANHATTAN BEACH RY.—Owns from

Fresh Pond Junction to Manhattan Beach (Coney Island), and branches to

Bay Ridge and Greenpolnt, 15 miles.
LEASE Ac.—A consolidation Aug. 27 1885.
Leased for 99 years from
Oct. 1 1885 to the Long Island RR. Co., which owns majority of stock.
Rental, Interest on bonds and 5% on pref. stock. Common stock, $350,000.
L. I. RR. has attached to tbe bonds Its unconditional guaranty of principal
and Interest In addition to facts as to lease.—(V. 83, p. 1348.)
NEW YORK CENT.
Lines owned.
New York to Buffalo
Branches

HUD. RIVER RR.—(See Mips. pp. 88, 89.)
Miles
Operated Under Contract (Concl.)—
441 St. Lawrence A Adirondack*..
56
365 Trackage
274

Proprietary lines
Lines leised.
West Shore*

(*See this co.)

Troy A Greenbush*
Spuyten Duyvll A Pt. M.*

New York A Harlem*
New Jersey Junction*
Rome Watertown A Ogden*
Mohawk A Malone*

Carthage A Adirondack*

3

Total In earnings
3,782
Controlled—Operated Separately.
6
Southern*.1,663
1,746
5 Michigan Central*
137 Lake E. Alliance A Wheeling..
88
5 N. Y. Chic. A St. Lous RR.*.. 523
624 Lake Erie A Western*
\
479

Lake Shore A Mich.

182

Northern Ohio*

J

46 "Big Four” System*
59 Chicago Indiana A Southern*
393 Cincinnati Northern*

886

2,334

New York A Putnam*
353
Boston A Albany*
248
New York & Ottawa*
126 Dunkirk All. Val. A Pitts.*
91
Geneva Corning A Southern
*232 Pitts. A Lake Erie system*...
191
Beech Creek RR.*
165 Rutland RR
468
Little Falls A Dolgevllle
Beech Creek Extension RR.,
14
etc.*
127 Chicago Kalamazoo A Saginaw
55
Wallklll Valley
33 Detroit A Charlevoix.....
44
Indiana Harbor Belt
Operated Under Contract—
106
Terminal Ry. of Buffalo*—
11
Total Jafi. 1910, less 161 m. duplicated (338 miles 4-tracked)
12.430

/

JULYf 1910.]




RAILWAY STOCKS AND BONDS

91

92

RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
see notes on first page]

Date
Bonds

Par
Value

196
196

1902
1902
1906
1903
1909

$1,000
1,000
1,000
1,000 Ac
1,000

14
15
15

1908

1,000 Ac

809

1897
1898

Miles
Road

[For abbreviations, Ac.,

New Orl & N t (Concl)—Gen M $8,000,000 g ___F.c*
Income mortgage (non-cum) $1,500,000 gold..-N.r

Equipment notes gold due $39,000 semi-annually.-

New Orleans Term—1st M $15,000,000

g

guar.S.C&r

Notes guaranteed gold
New Orleans Texas & Mexico—See St Louis & San Fr.
New York Bay—First mortgage $6,000,000 gold-- OP
N Y Bklyn & Manhattan Beach—Pref stock non-cum.
First cons M (now 1st M) gold guar by L I
Ce.c*
N Y Cent & Hud River—Stock ($250 000 000 auth) Tr
Refunding mortgage $100,000,000 gold
Ce.c*Ar
Coll trust g ($100,000,000) Lake Shore stk__G.c*Ar
do
do
($21,550,000) Mich Cent stock
G
Mtge on Gen Corn & Sou $10,000,000 gold-Fxc Ar
Mtge on Spuyten D & P M $20,000,000 gold
Ce
Debentures (V 69, p 1102; V. 71. p 502, 964)
Debentures $50,000,000 gold-Us.c*Ar*
New York Central Lines—
Joint eq tr g $2,000,000 an(V86, p 800, 920).G.c* Ar
do
do
$2,000,000 an. (V 90,p 914)__Gc*Ar
N Y Chicago & St Louis—Common stock
2d pref stock (5% non-cum)
First preferred (5% non-cumulatlve)
First mortgage gold sink fund not drawn. _Ce.c* Ar
Debenture bonds $10,000,000 gold
Gx.c*Ar*
N Y & Greenwood Lake—Prior lien Mgup & I.N.gxc*
New York & Harlem—Common 14%, 10% guaranteed
Preferred stock 14%, 10% guaranteed
Refunding mtge (now first) $12,000,000 g__G.c*Ar
N Y Lackawanna & Western—Stock guar 5% (end)..
First mortgage guar by Del Lack & Western. _F.c*
Construction mortgage guar by D L A W (end). F.c*
Third M Term Imp ($5,000,000) guar p Al (end)--F
New York Lake Erie & Western—See Erie RR
N Y & Long Br—Gen M (now 1st) $2,500,000 g.Ce.c*
New York New Haven & Hartford—Stock (see text)
Debentures ($5,000,000 are 4s) non-convertible. cAr
Deb (for Cent N E & W) g non-conv (V 78, p 768)
Debentures (for F H & W) (V 78. p 2335)
Debentures (for N. Y. Ont A West) (V 80, p 2458).
Debentures convertible (see text)c* Ar

26,000,000

5 g

22,500 000

4H g

100
100
100

14,000.000
11,000,000
5,000,000
19,155,000
10,000,000
1,500,000
8,656,050
1,343,950
12,000,000
10,000,000
12,000,000
5,000,000
5,000,000

See text
See text
See text
4 g
4 g
5 g
See text
See text
3H g
5
6
5

505

•

__

100

_

1,000

1887
1906
1896

53
146
146
136
214
214
214
214

1880
1883
1890

38

1891

1,000
Ac

100

50
50

1897
_

1,000 Ac
100
1,000
1,000
1,000

_

»

m

....

1904
1904
1905
1906

500 Ac
100 Ac

STOCK.—Dlvs. on stock reg. In London are payable at 49)4d. to the $.
Stockholders were offered $44,658,000 new stock at par, payable on or be¬
fore Jan. 20 1910, raising the amount outstanding to $223,290,000, the pro¬
ceeds to be used to retire $21,966,615 of the $25,000,000 5% notes maturing
Feb. 1 1910; remainder for additions and Improvements.
V. 89, p. 1223,

1411, 1542, 1668; V. 90,p. 705.
DIVID’DS. 1 *94. *95. *96-*98. *99.'00to’06. *07. ’08. 1909.
1910.
Since 1893 ._%\
5
4tf 4 y’riy
4
5 y’rly
6
SH
5
Below.
In 1910, Jan., 1 *£%; April, 1H%; July, 1H%.
BONDS.—Ref. mortgage Is for $100,000,000, of which $73,346 000 was
Issued to retire $70,377,000 old bonds and $11,654,000 for general purposes,
remainder ($15,000,000) was reserved for new construction, of which $4,000,000 sold Feb. 1909.
V. 77, p. 452; V. 86, p. 1043, 1101; V. 88, p. 506.
Collateral trust 3^8 of 1898 are secured by deposit of stock of the Lake
Shore A Michigan Southern and Michigan Central RRs. at the rate of $100
of L. S. A M. S. stock for each $200 of bonds and $100 of Mich. Cent, stock
for each $115 of bonds outstanding.
See V. 66. p. 288, 336, 760, 811.
In 1904 $50,000,000 4% debentures were authorized, of which $30,000,*
000 were sold In 1904 and $13,000,000 In 1908. On Jan. 13 1910 the com¬
pany was authorized to issue $5,000,000 4% debenture bonds of 1934 in
payment for $5,000,000 Geneva Corning & Southern 1st pref. stock.
V.
90, p. 168.
They are to be secured by any new mortgages, but existing
V. 78, p. 1907, 1962, 2384; V. 79, p. 1335,
mortgages may be extended.
2148; V. 86, p. 1043, 1101, 1467; V. 87, p. 415, 614.
In 1909 made a new mtge. on the Geneva Corning A Southern to secure
an authorized issue of not exceeding $10,000,000 bonds bearing 4% In¬
terest, to retire outstanding bonds and for extensions and Improvements,
of which $3,744,000 authorized to be issued in July 1909; not yet issued,
April 1910. V. 88, p. 1128; V. 89, p. 287.
Also on the Spuyten Duyvll &
Port Morris $20,000,000, of which $2,500,000 3 Hs has been Issued, mostly
to refund indebtedness to N. Y. Central.
V. 89, p. 105, 287.
As to equipment trusts of 1907 and 1910, see “New York Central Lines”
below.
GUARANTIES.—The company guarantees the securities of Its leased
lines to a considerable aggregate—see separate statement for each company
In the table of mileage preceding.
It also guarantees Western Transit Co.
3Hs for $1,000,000 due Feb. 1923.
GENERAL FINANCES.—The refunding of old bonds was completed In
1905; annual saving in Interest charges about $1,475,000.
In Jan. 1907 the dividend rate was raised from 5 to 6% (but again reduced
to 5% in April 1908 and again restored to 6% in Apr. 1910), and the divi¬
dend rates on the Lake Shore and the Michigan Central from 8 to 12% and
4 to 6%,respectively, increasing the income of the Central from its holdings
of the stocks of the two companies $2,147,754 yearly
Jan 1908 2% extra
was paid on the Lake Shore and Mich. Central stocks, and in Mch. 1910
6%
on Lake Shore stock.
V. 83, p 1411; V. 85, p. 1577; V. 90, p 627.
The company Intends to spend between Sept. 1 1909 and Dec. 31 1910
$12,046,000 for new equipment and contemplates improvements to cost
V. 88, p. 624, 1254; V. 89, p. 104, 1223.
$29,165,100.
As to sale of $44,658,000 stock in 1909-10, see “Stock” above.
In 1902-03 control of the Reading Co. was acquired
by Balt. A Ohio
(Pennsylvania Interests) and Lake Shore.
V. 76, p. 101; V. 78, p. 48.
In Mch. 1910 the Oregon Short Line (Union Pacific system) owned $17.857,125 N. Y. Central stock
V. 84, p. 52, 571; V. 89 p.411.
The New York State Railways Co. (see “Electric Railway Section”) is
the company’s trolley ally, owning or controlling some 634 miles of electric
railway In N. Y. State (compare V. 87, p. 544).
In July 1910 an Initial
dividend of 1M% was paid on the New York State Rys. common stock
and 1H% on Mohawk Valley Co. stock, the first since Feb. 1907.
V 90

1296.

EARNINGS.—5 mos., (1910
Jan. 1 to May 31.
11909

Gross, $38,576,707; net, $8,919,013
Gross,
34,877,862; net,
9,255,807
ANNUAL REPORT.—Report for year ending Dec. 31 1909 was given
at length In V. 90, p. 691, 704.
See also editorial, p.665.
Combined Results OF ALLIED LINES.
(Compare V. 90,
Year end. Dec. 31—
1909.
1908.
Miles operated
12,430
12,283
Operating revenues.
$236,941,707 $207,019,025

Dividends

Balance, surplus




_

p
910,
Inc. or

886.)
Dec
4-147

4-$29,922,682

69,601,901
20,418,087

51,869.626
19,806,909

$90,019,988
$47,174,341
1,923,157

$71,676,535
$46,471,577

+$18,343,453
+$702,764

20,242,978

4,705,548
18,291,860

—2,782,391
+1,951,118

$20,679,512

$2,207,550

+$18,471,962

4-17,732,275
+611,178

5text
g

J
A
A

O—.T

3* g J
3K g F
3H g F
4 g

M

3Hg J
3K g J
4 g
M

4

A
A
A
A
A
A
A
A
A
A

J Jan 1 1948
New York A Philadelphia
O Apr 1910 2H% Checks mailed
o Oct 1 1935
U S Mtge A Tr Co. N Y

July 15*10 1H Grand Cent Station, N Y
do
1 1997
do'

J July
A Feb
A Feb
N May
D June
J July
N

M
A
N
J
A
J
March
M
S
A
M
s
A
A
A
o
M
A
N
M
A
N
See text
See text
M
A
N
0, —J
A
J
J
A
F
A
M
A
N

1 1998
1 1998

do
do
do
do
do
do

1 1959
1 1959

1 2000

May 1 1934

1 1910 5% Grand Cent Station, N Y
do
do
1 1910 5%
do
do
1 2000
1 1910 1 hi Del Lack A Western, NY
Jan 1 1921
do
do
do
do
Aug 1 1923

July
July
May
July

May 1 1923

REPORT OF NEW YORK CENTRAL A
Year ending Dec. 31—
1909.
Miles operated
3,782
Railroad revenues
$93,171,860

Oper. income (after taxes)
Other income

do
do
do
do
do
do

Nov 1910-1922 Guaranty Trust Co. N Y
Jan 1 1911-1925
do
do
Mch 1 1910 3% Grand Cent Station, N Y
c!o
do
Sep 1 ’10 2H%
do
do
Sep 1 ’10 2M%
Oct 1 1937
Union Trust Co. N Y
Grand Cent Station, N Y
May 1 1931
50 Church St, New York
May 1 1946

do

S Sept 1 1941
2.500,000 4 g A 5 g M A
See text
8 in 1909 0--M 30 June 30 19102%
S Mch 1 1947
10,000,000 3H A4 M A
4 g
F
5.000,000
A
A Feb 1 1914
A
10,000,000
A
O Apr 1 1954
3H
4
A
15,000.000
J
J July 1 1955
A
30,000,000
J
J Jan 1 1956
3H

1,000
100

’97-’01
•

Places Where Interest and
Dividends are Payable

A
J Jan 1 1952
Farmers’ L A Tr Co, N Y
4* g J
1,500,000 Up to4 H % gold (if July 1 1952
earned) on Dec 1
A
O
A
Oct
4H
234,000
g
*10-Apr *13 Franklin Trust Co. N Y
4 g
J
A
10,000,000
J July 1 1953
Standard Trust Co, N Y
5 g
3.000,000
A A O10 Apr 10 1911
Empire Trust Co, N Y

1,000 Ac
1,000 Ac

—

Last Dividend
and Maturity

LXXXXI

$5,762,000

1907
1910

•

part of the Toledo A Ohio Central stock and all the stock and bonds of the
Zanesville & Western and jointly with the Chesapeake A Ohio, a majority of
the Kanawha A Michigan stock.
V. 90, p. 771.
HISTORY,- Ac.—Control of the Lake Shore and Michigan Central roads
was acquired In 1898, as stated below.
V. 71. p. 502; V. 78. p. 48.
In Jan. 1910 a 99-year traffic agreement was made with the Western
Maryland under which that co. will build an 83-mile connecting line with
the Pittsburgh & Lake Erie.
V. 90, p. 237.
In Jan. 1909 Vanderbilt interests in C. & O. Ry. stock, about $8,000,000,
V. 88, p. 375.
were sold.
Vanderbilt estate, V. 71, p. 1221.
Since 1906 the allied lines, with the exception of the JN. Y. Chicago
A St. Louis, are known as the “New York Central Lines.”
V. 81, p. 1792.

Gross corporate income
Charges
New equip, and additions

Payable

1898
1909
1909
1900
1904

.

M. Y. CENTRAL & HUDSON RIVER RR —(Concluded.)

Other income..

When

%

4 g
5

—

1885

Also controls Lake Erie A Pittsburgh Ry., completed from Lorain, O.,
southeast to Berea, 13 miles, and to be extended to Cleveland and Youngs¬
town, making about 120 miles In all.
V. 83. p. 1037.
in Jan. 1909 was authorized to purchase the $989,000 Spuyten Duyvel
A
Port Morris stock at not over $230 per $100 share.
V. 88. p. 375. 823.
In 1909 made a new lease of Geneva Corning & So.
V. 88, p. 823, 1128.
In March 1910 the Lake Shore & Michigan Southern acquired the greater

Operating Income

Rate

„

.

p.

Amount

Outstanding

3,840,000
650,000
1,726,000
1,000
100 223,290,000 See
1,000 Ac 89;ooo;ooo
1,000 Ac 90.578.400
1,000 Ac 19,336,445
See text
1,000 Ac
1,000 Ac
2,500,000
1 bond
5,500,000
1,000 Ac 48,000,000

.

[VOL.

$24,349,498
$11,392,859

Gross corporate income
$35,742,357
Rentals of leased lines
;
$9,943,577
Interest on bonds, Ac
9,854,522
Hire of equip., incl. lnt
1,508,632
Other rents and miscellaneous..
740,205
Dividends (5%)
8,931,600

do

Liberty Nat Bank N Y
Co’s office, New Haven
Lincoln Nat Bank. N Y
do
do
Second Nat Bank, N H
Lincoln Nat Bank, N Y
Second Nat Bank. N H

HUDSON
1908.

3,781

$83,927,354

RIVER RR
Inc. or Dec.

+1

$18,521,084

+ $9,244,506
+ $5,828,414

$12,611,996

—$1,219,137

$31,133,080
$9,708,045

+ $4,609,277
+ $235,532
+ 172,982

9,681,540
2,060,139
607,479
8,931,600

—551,507
+ 132.726

Balance, surplus
$4,763,820
- $144,276
+$4,619,544
President, William C. Brown; Chairman, Chau nee y M. Depew; VicePresidents; E. V. W. Rosslter, Alfred H. Smith, John Carstensen, Chas.
F. Daly and Ira Place; Treas., E. L. Rosslter; Sec., Dwight W. Pardee.
Directors (April 1910), W. K. Vanderbilt, F. W. Vanderbilt, C. M. Depew,
J. Pierpont Morgan, William Rockefeller, William H, Newman, Marvin
Hughltt, Wm. C. Brown, Geo‘. F. Baker, George S. Bowdoln, Jas. Stillman,
W. K. Vanderbilt Jr. and Lewis Cass Ledyard.—(V. 90, p. 1614, 1677.)
NEW YORK CENTRAL LINES.—
The New York Central Lines equipment trust of 1907 ($30,000,000 total
issue) mature $2,000,000 yearly to Nov. 1922.
In Mch. 1910 $30,000,000
4H% “equipment trust of 1910” was authorized.
They will cover engines,
passenger cars and freight cars to be used by various lines of the system,
which jointly and severally agree to pay prln. A lnt., the larger part being
for N. Y. C. and Lake Sh. V. 85. p. 1402: V. 86. p. 168, 798. 800, 920.1344;
V. 88, p. 761; V. 89, p. 1142, 1223; V. 90, p. 914, 977, 1677.)
NEW YORK CHICAQO & ST. LOUIS RR.—(See Map of New York Cen¬
tral A Hudson River.)—Owns from Buffalo. N. Y.. to Illinois State Line, ex¬
cept 8 m. leased bet. Dunkirk and Sliver Creek, leaving 494 m.; leases the
proprietary line. Chic. & State Line RR., Ill. State line to Grand Crossing,
10 m.; also leases Dunkirk to Silver Creek, 8 m.; total, 512 m.; trackage In
Buffalo. N. Y.. 1H m.. and Gr. Cross’g, Chic., Ill. (Lake Sh. RR.), 9 m.
STOCK.—Lake Shore & Michigan Southern owns $6,240,000 common.
$6,275,000 2d preferred and $2,503,000 1st preferred stock. After 5%
dividends on the $14,000,000 common stock, au classes of stock share alike.
DIV*S.—
'96. ’97. ’98. *99. *00. '01. ’02 to ’03. *07. ’08
’09.
1910.
1st pref
5
0
2
0
5
5
5 yearly
5
5
5 See text.
2d pref (Mch)
2
3 yearly
4
5
-5 See text.
Common
None
Mch. 3
In 1910, on 1st and 2d pref., Mch., 5% (annual); Sept., 2M%; dlvs. here¬
after to be paid semi-annually.
BONDS.—Amount sink, fund for first mtge. bonds $100,000 (so long
as the bonds could be bought at or below 102) decreased the amount out¬
standing from $20,000,000 to $19,155,000.
See mtge. abstract, V. 45, p.
541.
The $10,000,000 debenture 4s sold for equipment, Ac.. will be secured
by any new mtge.
Equip, trust 5s, $48,000; 4 Hs. $40,000. On Feb. 8
1910 made 4% 5-year equip, agreement covering equipment costing $673,
268.
V. 90, p.772.
V. 82, p. 693; V. 86. p. 1344, 1590; V. 88, p. 565,1062.
EARNINGS.—5 mos., f 1910
Gross, $4,630,582; net, $1,552,825
Jan. 1 to May 31.
\1909
Gross,
3,930,125; net,
1,059,364
For 3 mos. ending Mch. 31 1910, net, $960,390, agst. $528,125 In 1909;
other Income, $54,149; charges, $446,942; bal., sur., $567,597.
REPORT.—Report for 1909 was In V. 90, p. 972.
Principally a freight
line, freight in 1909 contributing $8,274,163 out of $10,076,207.
Year ending Dec 31—
1909.
1908.
Inc. or Dec.
Railroad revenues
+$854,750
$10,076,206
$9,221,456
Operating Income
$2,995,867 $2,390,837
+$605,030
Other income
260,040
92,662
+167,377
-

Gross corporate income
Interest on donds
Hire equip., other rents, &c
DIv. on 1st pref. (5%)
Div. on 2nd pref. (5%)
Div. on common stock (3%)

$3,255,907

$2,483,499

+ $772,408
+ $201,171

377,141
250,000
550,000

521,475
250,000
550,000

—144,334

$1,175,286

420,000

$974,115

+ 420,000

Balance, surplus
$483,479
Pres., Wm. H. Cannlff.—(V. 90, p. 237, 772,

$187,908
+$295,571
972; V. 91, p. 154.)
NEW YORK CONNECTING RR.—V. 90. p. 503.
NEW YORK & GREENWOOD LAKE RY.—{See Map of Erie RR.) —
Owns from Jersey City, N. J.f to Greenwood Lake, 39 m.. and branches to
RIngwood. Ac.. 8 m.; Watchung Ry., Forest Hill to Orange, N. J., 4 miles;
total owned, 51 miles.
Stock, $100,000; par, $50.
LEASE.—On May 1 1896 was leased to the Erie RR. for 999 years from
May 1 1896.
Prior lien bonds are guaranteed, principal and Interest, by
Erie.
See V. 63, p. 513; form of guaranty, V. 65, p. 463.
NEW YORK & HARLEM RR.—{See N. Y. Cent A Hud. Riv. RR.)—
Owns N. Y. City to Chatham, N. Y., 136 m.

Also owns 4th Ave. St. RR.
LEASE.—The property (except the street railroad) was leased April 1
1873 for 401 years to tne N. Y. Cent. A Hud. Rlv. RR. for Interest on bonds
and dividends at rate of 8% yearly, since Increased to 10% through refundIngof bonds, payable Jan. and July.
V. 70, p. 740,1049; V. 71, p. 29 1220;
V. 84, p. 159.
The street railway was leased In July 1896 to Met Street
Ry. Co. for 999 yrs.; rental is $400,000 yearly, eaual to 4% per an. on stock,
In Apr. and Oct. 1909 and Apr. 1910 no
paid Apr. and Oct to Oct. 1908.
disbursements were made, special franchise taxes assessed against the street
railway company amounting to over $800,000 being unpaid, but settled In
June 1910.
V. 62, p. 1088; V. 88, p. 749; V. 90, p. 560, 1614.—(V. 84, p.
159; V. 88, p. 749; V. 90, p. 560, 1614.)
NEW YORK LACKAWANNA & WESTERN RY.—Binghamton to Bui
falo and Internat. Bridge and branches, 214 m., of which the main line, 213
m.. Is double track; D. L. A W. has a lease for duration of charter from Oct
1882, giving a guaranty of the bonds and 5% yearly on the stock. See form
of guaranty of terminal bonds In V. 67, p. 1357; see also V. 68. p. 283.
.

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

N Y New Hav Ac H—(Con)—Debentures not convert.
Debentures 145,000,000 francs ($29,000,000)
Debentures $39,029,600 gold conv (text)
c* Acr
N Y Prov Ab Boston gen M (now 1st) g assum
cAcr
Housatonlc con M ($3,000,000) g (assumed).-F c*
N Eng cons (now 1st) M $7,500,000 5s g gu__Ma.c*
NY4NE Boston Term 1st M $1,500,000. AB.cAcr
New Haven Ab Derby consolidated mortgage
c*
Providence & Springfield 1st M gold assumed
c*
Danbury Ab Norwalk cons M ($100,000 are 6s)—c*
Gen mtge Danbury, Conn, to Wilson Pt. Abc —c*

Miles
Road

13
28
36
36
36
12
12
9
61

c*Acr

Debentures
Boston & N Y Air Line new M $5,000,000(assumed)
N H Ab North. Northern Extension bonds
c*
Refunding mortgage $10,000,000 guar prln AcJInt.
Providence Term 1st M $7,500,000 g assumed.c* Acr
Consolidated Ry debentures
Boston RR Holding Co pref stock guaranteed
Providence Sec Co deben $19,910,000 g gu p Ac 1__*
New Eng Inv Ac S pf stk 4% cum $10,000,000 redl05
Springfield Ry 4% cum pref stk red 105 guar
[ Conn Ry Ac Ltg 1st Ac ref M $15,000,000 g s f-.Ta.c*
Roxbury Central Wharf first mortgage gold notes..
Bonds of electric roads merged ($4,798,000 are 5s)
Other bds of elec rds leased or contr(See "ElRySec”
Bonds of steamship, Ace, companies controlled
Bonds of Leading Proprietary, Ac., Lines
Holyoke Ac W M $260,000 auth(V 87 p 544) gu.c*
Old Colony—See that company.
Providence Ac Worcester first mortgage currency
New York Ontario Ac Western—Common stock
Refunding (first) mtge $20,000,000 gold
Me.c*A;r
Gen mortgage $12,000,000 gold red 110 (see text)_N

1906
1907
1908
1892
1887
1895
1889
1888
1892
1880
1883
1905
1881
1904
1890
1904
1902
1905
1881
1906
1906

62
90
359

First ref mtge (V 82, p 210) gold assumed. .c*Acr
Harlem Rlv Ac Port 2d (now 1st) see text---F.cAcr
Harlem Rlv Ab Port 1st M gold $15,000,000. Us.c* &r
Woonsocket As Pascoag first mtge gold assumed----

Naugatuck first mortgage gold assumed

Date
Bonds

•

.

.

28
...

Par
Value

500 frsAEC
100 Abc

1,000
1,000 Abe
1,000
1,000 Acc
1.000
1,000

1,000 Abc
100

1907

....

_

...

—

1901

10

1891

1,000

51

1897

1,000

1892
1905

1,000 Acc
1,000

100

NEW YORK NEW HAVEN Ac HARTFORD RR.—Covers Southern New
England and the only direct routes between New York and Boston.
Lines Owned in Fee—
near
N. Y.

City

Miles. I
Leased (part Owned)—
to
| Old Colony RR. (which see)

Mues.
619

Lines Leased—
Springfield, Mass
1221
Boston. Mass., to Hopewell Jet..
| Providence and Worcester

N. Y
Lines to

2141 Norw. & Worcester (which see)

Providence.
Litchfield, Abc

|Other

Pittsfield,

lines.

.

48
72
319

6081Track to N.Y.City,Abc.(V.88,p.53) 44

Total operated July 1909 (107 m. has four and 777 m. two tracks). .2.044
In April 1908 New England RR. was merged.
V. 86, d. 1043. 1225.
In Oct. 1909 the Boston Railroad Holding Co. (which see) Incorporated
In Massachusetts In June 1909, took over the $10,994,800 Boston Ab Maine
common stock formerly owned by the New Haven road, and In Feb. 1910
had arranged to purchase $4,362,300 additional common and $654,300
preferred stock, making a total of $15,357,100 com. out of $28,271,790 and
$654,300 out of $3,149,800 pref. outstanding, or 51% of the entire B. & M.
stock.
The New Haven company has acquired all the stock of the Holding
Co., thus having Indirect control of the B. Ac M., the pref. stock to bear not
over 5% dividends, to be guaranteed.
V. 88, p. 1621; V. 89, p. 163, 839,
917, 994; V. 90, p. 1614; V. 91, p. 154.
In July 1910 was authorized to purchase the Berkshire RR.,NewHaven
Ab Northampton and Rhode Island Ac Massachusetts leased lines, total
mileage, 180 miles.
V. 91, p. 154.
In Oct. 1904 $29,160,000 of the $58,118,982 N. Y. Ont. Ab West. com.
stock was acquired at $45 per $100 share and $2,200 of the $4,000 pref.,
giving access to anthracite mines.
V. 79. p. 2086, 2642; V. 80, p. 1363.
Owns greater part of stock and Income bonds of Central New England
Ry., which see; V. 84, p. 1488; V. 85, p. 160, 858; V. 89, p. 594; V. 90, p.
1238, 1295; V. 91, p. 153.
In Oct. 1906 acquired control of Hartford Ac New York Trans. Co.,
which absorbed the U. S. Transportation Co.
In March 1907 purchased
one-half of the stock of the Merchants’ Ab Miners’ Transportation Co.,
which acquired the Boston Ac Philadelphia S. S. Co.
V. 83, p. 890; V. 84,
p. 221, 271,391, 571, 626, 749; V. 85, p. 858; V. 86, p. 721; V. 88, p. 1002;
V. 90, p. 1242, 1494.
The Pennsylvania RR. owns $6,000,000 stock, having acquired $5,000,000 early In 1910.
V. 90, p. 1425.
,

Electric Railways —May 31 1907 the Consolidated Ry., a consolidation of
various controlled electric railways, chiefly In Connecticut, aggregating
about 770 miles of track, purchased the property of the New England

Navigation Co., owning the Fall River and other steamship lines; Its capital
stock, as then Increased from $10,000,000 to $30,000,000, was exchanged
by the N. Y. N. H. & H. RR., as owner thereof, for Its own stock. V. 84,
p. 1052, 1114, 1242, 1308, 1424; V. 85, p. 859; V. 89, p. 594.
In Dec. 1906 Consol. Ry. leased Conn. Ry. Ac Ltg. Co., operating 193
miles. (V. 83, p. 1525; V. 84. p. 508.)
Also In Dec. 1906 acquired control
of the Rhode Isl. Sec. Co., controlling the street railways (311 miles),
of Providence and vicinity, $19,898,000 Providence Sec. 4% debentures
being guar., p. & I. V. 83, p. 1525; V. 84, p. 1114; V. 85, p. 858. See "Elec.
Ry. Section
In July 1909 large block of United Trac. & Elec. Co. of Provi¬
dence stock (total outst. $8,000,000) was acquired on the basis of 8 shares
for 5 shares of New Haven stock.
V. 89, p. 105.
In May 1908 the Su-

of Massachusetts
the1590;
control
of p.6
g-eme
Courthave
declared
been disposed of
olley Judicial
roads, which
(V. 86, illegal
p. 1285,
V. 88,

507, 625, 945, 1621; V. 89, p. 163); "the only Interest not eliminated is tne
endorsement upon the shares of the Springfield Ry. Companies and the New
England Investment Ab Security Co." See "Electric Railway” Section and
V. 89, p. 839.
In June 1910 was authorized to acquire stock In Berkshire
(Mass.) Street Ry.
V. 90, p. 1554, 1614,
On June 30 1907 there were outstanding bonds of electric roads leased
or controlled, other than of Providence Securities and Conn. Ry. 8 Ltg. Co.,
shown In table above, aggregating $24,729,700, and bonds of steamshlo,
Abc., companies controlled aggregating $2,883,000.
No details since.
Owns practically all the stock of the N. Y. Westchester Ab Boston, under
construction between 177th St., N. Y. C., and Mt. Vernon, &c., original
controlling Interest being acquired for $11,762,483. V. 85, p. 1143; V. 86,
D. 108, 169; V. 87, p. 415, 480, 870; V. 87.
p. 1420, 1421; V. 88. p. 507, 625;
V. 89, p. 1597; V. 90, p. 237, 914.

STOCK.—Authorized Issue unlimited. Outstanding Oct. 1909, $100,000,000; held In treasury of New England Navigation Co., $21,878,100.
The stockholders on Oct. 27 1909 authorized the Issue of $50,000,000
new stock In order to provide for $20,000,000
maturing debt. Including
$9,200,000 bonds and notes maturing between Jan. 9 and Oct. 1 1910, ana
additions and Improvements.
Stockholders and convertible debenture
holders were offered the right to subscribe for the new stock pro rata at
125, payable equally Dec. 20 1909, June 30 and Dec. 20 1910 and June 20
1911, or In full at any time.
V. 89, p. 1142, 1223; V. 90, p. 1045.
DIVIDENDS.—
1873-1893.
1894.
1895 to June ’10 (Inclusive).
Percent
j 10 yearly.
9
8 (2% quarterly).
BONDS.—Harlem River Ab Portchester Dlv. 4s of 1904 ($15,000,000
Inued) are subject to 4s due 1911, but cash has been deposited to cover
principal
and Interest of latter to maturity. V. 85. p. 1143.
Under lease "assumed” debt of Old Colony
RR., which see.
Outstanding Debentures Issued A Assumed by the Company as of Apr. 1910.
Outstanding. Maturity.
Convertible Debentures—
34% 1901._ $5,000,000 Mch. 1’47
9H% 1906 .-$30,000,000 Jan. 1*56 3 4% 1904 ..10.000.000 April 1’54
Eon-convertible—
4% 1905
15.000.000 July 1’55
5.000.000 Feb. 1’14 4% 1906
4% 1904
15,000,000 May 1’56
4% 1897
5.U00.000 Mch. 1’47




j

Last Dividend

Payable

and Maturity

$15,000,000
27,985,000
38,765,400
1.000.000
2,939,000
17,500,000 4 g
1,500,000

4
4

6 g
4 g
5 g

As 5
4

575,000
750,000
500,000
150,000
350,000
221,000

5
5 g
5 As 6
5
4 g

15,000,000
100,000
2,500,000

g

4
4
5
4
3
4
5
4
4

234,000
3,777,000
700,000
2.400,000
4,000,000

g

%
g

g

M Ab N May 1 1956
As
O Apr 1 1922
A
J As J 15 Jan 15 1948
Ab
O Apr 1 1942
A
M As N Nov 1 1937
Ab
J July 1 1945
g J
As
A
O Apr 1 1939
As
M
N May 1 1918
Ab
J July 1 1922
J
Ab
J July 1 1920
J
A
Ab
O Apr 1 1925
D Junel 1955
Ab
J
Ab
D June 1 1911
J
M Ab
N May 1 1954'
Ab
O Oct 1 1910
A
Ab
N May 1 1954
M
Ab
A
o Oct 1 1930
Ab
F
A Aug 1 1955
Ac
O Apr 1 1911
A
D June 1 1956
Ab
J
M
Ab
S Mch 1 1956

M
J
4
J
4 X g J

19,899,000

4 g
4

4.000,000
3,387,950

12,491,378
See
See

Var

NEW YORK & LONG BRANCH RR.— Perth Amboy to Bay Head. N. J.,
38 miles.
Operated under an agreement made In 1888 for a period of 99
years with Penn. RR. and Cent. RR. of N. J., which jointly and severally
guarantee Interest and 7% on the $2,000,000 stock, all owned by Central
RR. of N. J.
Of the bonds $192,000 are 5s.—(V. 72, p. 438.)

Junction

When

%

Ab
Ab
Ab
Ab

Places Where Interest and

Dividends

are

Payable

Lincoln Nat Bank, N Y

Paris, London, Abo
New Haven Savings Bk
Farmers’ L As Tr Co. N Y
Safe Dep Ab Tr Co, Boston

Coup, office; reg. mailed
New Haven, Conn
Lincoln Nat Bank. N Y
New Haven, Conn
Jc
do

do
do

Chemical Nat Bank, N Y
New York
R I Hosp Trust Co, Prov
New Haven, Conn
Trftfts, New Haven Conn
Second Nat Bank, N H

Treas, New Haven, Conn
do
do
Second Nat Bank, N H

N May 1 1957
New York Ab New Haven
J July 1910
2?,
J July *10, 2%
J Jan 1 1951
Trust Co of Amer, N Y

M
&
S Sept 1 1912
5 g
290.000
9,170,000 4, 4H, 5 Various 1912 to 1951

Var
Var

Text

Rate

See text
See text

1,000
100
100
1,000

_

Amount

Outstanding

45-year

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

93

text
text

4 to 6

Various

4M. 5Ab 6

Various

200,000

A

4

Ab

o Apr 1 1911

Ab
o
1,500,000
58,113,982 See text See text
Ab
4 g
M
s
20,000.000
Ab
4 g
D
J
3.948,000
A

4

1914 to 1932
1912 to 1934

Treasurer, N Hav

Conn

Oct
R I Hosp Ab Tr Co, Prov
Aug 15 1910 2% Checks mailed
June 1 1992
Office, 56 Beaver St. N Y
Junel 1955
do
do
cJ
1 1947

Notes, Ac., Dated 1907 to 1909—
Outstanding. Maturity Naugatuck RR.
5%
$1,350,000 Jan. 9’11
34% 1902.
$234,000 Oct rso
5%
300,000 Jan. 1*12 Cons.Ry.(seeV.84 p.1114) —
5 year 5%
6,400,000 Jan. 9'12
4% 1904...$4,354,000 July 1’54
European 4% 27,985,000 April 1’22
4% 1905... 2,350,000 .Tan. 1 ’55
3-year 44%2,000.000
May 5’11
4% 1905... 1,341,000 April 1’55
Debentures Assumed—
4% 1906... 2,108,000 Jan. 1*56
Hartf'd St. Ry
3-3 4-4% *05
975,000 Feb. l’SO
145,000 Jan. 1’30 Farm. St. Ry.
44% “N”.
4% "M”
165,000 Jan. l’SO
5%
30,000
July 1*24
Stockholders of record Dec. 31 1905 subscribed at par, payable In install¬
ments to April 1 1908, for $29,997,300 of 3 4% coupon debenture certfs.
convertible at a par of $150 for $100 stock between Jan. 1 1911 and Jan. 1
1916, the proceeds to be used for Improvements authorized and contem¬
plated and the purchase of outstanding securities of controlled roads. V. 81,
p. 976. 1039, 1493; V. 84. p. 103, 694.
In Feb. 1907 145,000,000 francs ($29,000,000) 4% 15-year debentures
with a fixed rate In marks and £ were sold.
V. 84, p. 391, 450, 508, 804,
931.
Providence Terminal Co. bonds ($7,500,000 authorized), see V. 82,
p
929. 629, 693, 1213. 1323; V. 83, p. 96, 819.
Stockholders In Dec. 1907 subscribed oro rata for $38,765,400 6%
40 year debens. at par, convertible Into stock after Jan. 15 1923 at par.
The debentures are to be secured by any mtge. hereafter created covering
the main lines between Woodlawn, N. Y. City, and Springfield, Mass., or
New Hiveu. Conn
and Providence, R. I. V. 85, p. 1270, 1339,1402, 1647.
EARNINGS.—11 mos., /1909-10..Gross, $55,265,485; net, $20,159,726
July 1 to May 31.
] 1908-09._Gross, 49,520,363; net, 16,014,480
For 9 mos. ending Mch. 31 1910, net, $16,546,913, against $12,651,123 In
1908-09; other Income, $5,319,239; charges, $15,703,468; bal., sur., $6,162,684.
ANNUAL REPORT.—Report for 1908-09 In V. 89, p. 838.
Owing to
changes In accounting, comparisons with two earlier years are Inaccurate.
...

.

Year end. June 30—

Miles

operated.
Passenger earnings
Freight earnings
Miscellaneous

Gross earnings

1909.

1908.

1907.

1906.

2,044

2,047
2,060
2,057
$26,323,469 $26,279,301 $26,758,929 $25,252,124
26,595,970
25,281,435
28,386,704
27,247,118
1,428,192
1,489,411
456,303
485,080
$53,347,631 $53,050,147 $55,601,936 $52,984,322
$18,267,324 $14,836,590 $17,751,855 $17,761,736
3,644,315
2,745,758
3,615,900
1,214,307
498,674
635,127

Net earnings
Net earns, street rys
Net earns. SS, lines
Net outside operations..
Other income
4,593,489

/ 1,212,089

\ 3,862,151
2,077,874
2,175,757
Total net income
$27,719,435 $23,155,262 $24,080,756 $19,937,493
Interest on bonds, Acc._$10,424,932
$7,556,045
$5,732,743
$3,005,793
Rentals of leased lines..
3,956,294
4,581,182
5,604,846
3,935,594
Taxes
3,446,126
3,338,306
3.592,236
2,810,729
Oth. rents. & guar. dlv.
1,978,281
1,784,299
Hire of equipment
460,430
628,861
Dividends (8%)
7,883,842
7,783,262
6,904,988
6,467,092
Improv’ts & betterm’ts.
3.000.000
Miscellaneous
23,143
257',889
326,998
Balance, surplus
def.$453,613def.$2,516,693 $1,988,054
$391,287
"

OFFICERS.—Pres., Chas. S. Mellen, New Haven; Sec., John G. Parker;
Treas., Augustus S. May, New Haven, Conn.
Directors.—William Skinner, Holyoke, Mass.; Jas. S. Elton, Waterbury,
Conn.; Chas. S. Mellen, New Haven, Conn.; J. Plerpont Morgan. William
Rockefeller, Geo. F. Baker, George McC. Miller, Lewis Cass Ledyard,
Charles M. Pratt. New York; D. Newton Barney, Farmington, Conn.;
Amory A. Lawrence, Nathaniel Thayer and Alexander Cochrane. Boston:
R. W. Taft, Providence; C. F. Brooker, Ansonta, Conn.: I. De V. Warner.
Bridgeport; James McCrea, T. DeWltt Cuyler, Philadelphia, Pa.; James S.
Hemingway, Geo. J. Brush, Fredk. F. Brewster, A. Heaton Robertson,
New Haven; Edwin Milner, Moosup, Conn.; Henry K. McHarg, Stamford,
Conn.; John L. Blllard, Meriden, Conn.—(V. 90, p. 503, 560, 698, 914,
1045, 1425, 1554, 1614; V. 91, p. 154.)
NEW YORK ONTARIO & WESTERN RY.—Operates from Weehawkea
opposite N. Y. City, to Oswego, on Lake Ontario:
Road Owned—
Miles.
Road Controlled, Ac.—
Miles
Oswego to Cornwall, N. Y
272 Pecksport, Conn, (leased)
«
Branch to New Berlin
22 Ontario
Carb. Ab S. (leased)
do
to Delhi
17
Cadosla, N. Y., to Soranton, Pa.
do

to Ellenvllle

8

Rome As Clinton (leased)
Utica Clinton Ac Bing, (leased)

*13

*31
319 Wharton Valley (owned)
7
Trackage (M112079) W.Shore RR.:
Ellen vllle As Kingston (leased).. 27
C’nwall to W’ken (V.61 ,p.425). 53 Port Jervis Mont. Ab Summltvtlle
* See this
company.
(owned and leased)
ss
Total operated July 1 1909
546
Extension of Capouse branch from Scranton to a connection with the
Lehigh Valley RR., 4.6 miles, was authorized In 1909.
CONTROL.—In Oct. 1904 N. Y. N. H. & H. RR. acquired $29,160,000
com. stock at $45 per share and $2,200 of the $4,000 pref. V.
79, p. 2086,
2643: V. 80, p. 1363, 2458; V. 81, p. 1044.
STOCK.—Stock Is $58,117,982 (par. $100), of which $4,000 Is old pref.
DIVIDENDS.—Com., Jan. ’05. 3%, July, 1 H%: ’06 t > *10. 2% each.
Total owned

BONDS. Abc.—Refunding mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. Ac Scran. Ry., 54 miles, and all
after-acquired property.
V. 72, p. 87; V. 78. p. 2012; V. 80. p. 651,u
The stockholders voted on Nov. 7 1904 to authorize a new mtge. for $12,000,000 to provide funds for capital requirements, under which $3,948,000
have been Issued and the remainder will be reserved for future needs.
A
3% dividend (calling for about $1,740,000) was paid on the com. stock
In Jan. 1905, vesting In the shareholders directly the right to elect all the
directors.
V. 79. p. 977 to 980, 1332, 1462; V. 80, p. 872.

94

RAILWAY STOCKS AND BONDS
Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Date
Bonds

Par
Value

1899
1900
1910
1905

$1,000
1,000
1,000
1,000 8bc

New York Ontario & Western—(Concluded) —
Gold notes secured by first mtge Scranton Coal Co..
do
c*
gold sec by 1st M on E H 0 8b I due s-a

Equip notes due $36,000 s-a (V 90, p 977)
Ma
New York & Ottawa—First mortgage $2,500,000 g.G
New York Phila & Norfolk—Stock, to be $3,750,000..
First mtge $3,000,000 g (V 68, p 773, 978) ...FP.o*
Income mtge g non-cum regls (V 68, p 978)
FP
New Yoric & Putnam—N Y 8b North 1st M gold
c
N Y 8s Put cons $6,200,000 g guar p 8b I(end) - Un.c*
N Y & Rockaway Beach—1st M $1,000,000 g gu-Ce.c*
Sftcond
|n(v>mp bonds non-cumiilatlve
Ce.r
N Y Short Line—1st M $1.500.000ggup 8sl_.PeP.xc*
N Y Susa & West—Midland RR 1st M g ext '10-Ce.c*
Paterson Exten RR 1st M ext in 1910 at 5% s f g.c*
New York Susquehanna 8b Western first mnrtgApA
First mortgage refunding gold
Ce.c*
Second M ($1,000,000 gold) 3d M on 72 m.-Ce.c*
General mortgage for $3,000,000 gold
Ce.c*
Terminal first mtge for $2,000,000 gold
Us.c* 8sr
Allied companies—
Wilkes-B & E’n 1st M g gu p 8s 1 (V 60. p 481)-O.c*
Passaic 8b New York first mtge (999 years rental)..

Macopln RR first mtge (branch to Macopln Lake) __
N Y Susq 8b W Coal Co 1st M red at 110 sink fd..c*

_

_

_

—

128

•

112

112,
57
57
12
12

OH
72
1

•

•

50

•

1899
1899
1887
1894
1887
1887
1907
1880
1881

1,000
1.000

1,000
1,000
1,000
1,000
1,000
500 3ec

1,000
*

Amount

Rate

When

Outstanding

%

Payable

See text

1,000
1,000
1,000
1,000 8sc

65
3
2

1892
1885

1,000

3,000.000

500

1896

1,000

70,000
44,000
291,000
450,000

-

t887

1893
500
N
New York Texas & Mexico—See Galveston Harrisburg 8b San Anton to
Newport &. Cincinnati Bridge—See Louisville 8s Nash vllle.
1902
1,000
Niagara Junction Ry—First M $650,000 gold__Me.c* Text
6
1898
1,000
Norfolk & Portsmouth Beit Line—First mortgage. FP
500&C
4.6
1905
Eliz Riv 1st M g gu p 8b 1 s f red 105 beg 1911-GP.c*
Norfolk & Carolina—See Atlantic Coast Line RR.
Norfolk & Southern—Bonded Debt after Reorganizaiio n (V 8 7i P 61 4)
N Y 8b Wilkes-Barre Coal Co first mortgage

First mortgage
Mp.c*
First general mortgage gold redeemable at 115—G
Suffolk 8b Carolina first mortgage
Suffolk 8b Carolina first cons mtge gold red 110-.-C*
First and refunding mortgage $12,000,000

ZZ:s
223

—

75
504

1891

1904
1886
1902
1910

1,000
1,000
1,000
1,000

12

F
J
A
4H
4 g
J
in *09 J
4 g
J
4
M
5 g
A
4 g
A
M
5 g

2.600.000
1,000,000
1,200,000
4,025,000
984.000
1,000,000 (Jp to 5
4 g
F
1.500,000
5 g
A
3,500,000
6 g
250,000
J
6
J
5,000
g
3,7451666
J
5g
4 H g F
447,000
5 g
F
2,552,000
M
5 g
2,000.000

1887
1887
1890
1893

-

5 g
5 g

$300,000
2,075,000
720,000
1,456.000

127
127
127

-

[VOL.

175.000
250,000
200,000

1.655,000
825.000
90,000
650,000
5,780,000
*

Last Dividend
and Maturity

LXXXXI

Places Where Interest and
Dividends are Payable

8b
8b
Sc
8b
8b
8b
A
8b
8b
8b

A
D
O
J
D
J
N
O
O
s

Aug *10-Feb *11 New York Trust Oo.NY
Dec *10-Dec *15 Guaranty Trust Co,N Y
To April 1 1920
Grand Cent Station. N Y
July 1 1955
May311910 6% Checks mailed
26 South 15th St. Phila
Jan 1 1939
Checks mailed (see text)
Jan 1 1939
Oct 1 1927
Grand Cent Station, N Y

&
&
A
&
A
A
A
A

A
O
D
j
J
A
A

Feb 1 1957
Apr 1 1940

D
D
D
S
N

A Aug 1 1922
A Feb 1 1938
O Oct 1 1935

5 g
6
5
6
6

J
J
J
M
M

A
A
A
A
A

6 g
5
4 g

F
F
A

A
A
A

5 g
5 g
6
5 g
5

M
J
A
J

Oct

1 1993

Sept 1 1927
Sept 1 1927

do
do
U S Mtge 8b Tr Co. N Y

Reading Terminal, Phil
Office, 50 Church St

Junel 1940

do

do

do
do
do
do

do
do
do
do

do
do
do
do

do
do
do
do

July 1 1911
Jan
Feb

1 1937
1 1937

Aug 1 1940
N May 1 1943
Junel
Dec 1
Dec 1
Mch 1
Nov 1

1942
1910
1916

1912
1933

V 75.p

1043; V84.p 342

Mercantile Trust Co, N Y

Fidelity Trust Co, Phlla
Girard Trust Co, Phila

A
N May 1 1941
A
J July 1 1954
A
O Apr 1 1911
A
J July 1 1952
semi-an. 1960

Metropol. Tr Co, N Y
Guaranty Trust Co, N Y
J S Glttlngs 8b Co. Baltn
International Tr Co, Balt
New York

.

Early In the calendar

year

1899 the coal properties at Scranton ,Pa., of the

Lack. Iron & Steel Co. (the capacity of the collieries then open being about
700.000 tons per annum) were purchased by the Scranton Coal Co., aided

by loans from the N. Y. O. & W., the latter Issuing Its $2,500,000 5% notes
(reduced to $300,000 Feb. 1 1910), extending over a period of years.se¬
cured by first mtge. on the coal property, and loaning $1,475,000 (of which
$305,000 has been repaid) secured by a 2d mtge., the O. & W obtaining con¬
tract for entire tonnage. V. 68, p. 41,429; V. 69, p. 604, 646; V. 81, p. 1792.
In Nov. 1900 eight Independent anthracite properties with a maximum
output of 2,000,000 tons annually were merged as the Elk Hill Coal & Iron
Co., the N. Y O. & W. Issuing Its $3,500,000 5% s. f. first lien gold notes
secured by the Coal 8c Iron Co.’s 1st mtge., these notes maturing $75,000
each 6 mos., beginning June 1 ’01, to June 1 ’ll, and thereafter $200,000
semi-annually to Dec. 1 *15. The notes are secured pari passu with the bonds
Issued under the gen. mtge. of 1905. The Elk Hill Co. also made a 2d mtge.
to the N. Y. O. & W. for $2,400,000 at 5%. V. 71. p. 1270; V. 73, p. 501.
EARNINGS.—-For 11 months ending May 31:
11 Months—
Gross.
Net.
1909-10
$7,785,924
$2,235,952
1908-09
7,570,841
2,209,060

Charaes.

$1,069,192
1,027,035

Balance, surplus.
$180,805
$358,282
Dec.$177,477
Pres., Thos. P. Fowler.—(V. 89, p. 408. 776; V. 90, p. 977; V. 91, p. 39.)

NEW YORK & OTTAWA RY.—Tupper Lake, N. Y.. to Ottawa, Can.,
128 m. Including Ottawa & N. Y., whose stock Is owned.
Successor to
the N. Y. & Ottawa RR., acquired by the N. Y. Cent. & Hud. Rlv. RR.
at foreclosure sale on Dec. 22 1904, which leases the road from Feb. 1 1905.
V. 79, p. 2796; V,. 80, p. 223; V. 86. p. 286.
Stock authorized, $1,250,000.
In June 1905 a mortgage for $2,500,000 was made.
V. 80. p. 2458; V. 81.
p. 265.
For year ending June 30 1909, gross, $157,881; net, $71; other
$984; charges, $62,404; bal., def., $61,349.—(V. 86, p. 286.)
NEW YORK PHILADELPHIA & NORFOLK RR.—In Jan. 1909 all but
$7,250 of the $2,500,000 stock had accepted the offer of the Pennsylvania
RR. to buy the stock with 4% 40-yr. trust certfs., guar. prin. and Int.
by Penna. RR. on basis of $3,000 certs, for $1,000 stock (V. 90, p. 977).
In April 1910 increase in stock from $2,500,000 to $3,750,000 was authorized.
See V. 90, p. 1102.
NEW YORK & PUTNAM RR—Owns 155th St. and 8th Ave., N. Y.
City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles; double¬
track branch to Yonkers, 3 miles; operates 2 miles; total, 59 miles.
HISTORY.—Successor to the N. Y. & Northern, sold under foreclosure
of 2d mtge. Dec. 28 ’93, and purchased for N. Y. Cent. A Hud. Rlv.RR.,
which owns $6,500,000 stock and leases the road.—see V. 63, p. 754, 820,
1159; V. 81, p. 265.
N. Y. Central guarantees the consollaated mortncome.

fage
bonds,to ofretire
which
$1,000,000thewere
also
1,200,000
at maturity
5s.—(V. for
first reserved
82, improvements;
p. 272.)
NEW YORK & ROCKAWAY BEACH RY.—Owns Glendale Jet. to RockPark, 10.67 m., with branch, 1.67 m.; total. 12.34 m.; double-track.
Stock, $1,000,000; par, $100.
Leased 50 years from July 1 1904 by Long
Island RR. Co., whose endorsem’t Is printed on first mtge. bonds. On Jan. 1
1909 $101,000 firsts were owned by L. i. RR., together with $967,000 of
the incomes.
V. 83, p. 890.
Cal. year 1909, gross, $971,125; net, $325,164; charges and taxes, $207,337; bal., sur., $117,827.—(V. 83, p. 890.)
NEW YORK SHORT LINE RR.—Owns a cut-off for the Reading Co.
between Cheltenham and Neshamlny Falls, OH
miles, opened May
1906.
V. 79, p. 1038.
To be 4-tracked—2 tracks laid at present and on
2 miles 3 tracks.
Leased to Phlla. & Reading Ry. for 999 years from Feb. 1
1907.
The $250,000 stock Is owned by Reading Co., which guarantees the
bonds, principal and Interest.—(V. 84, p. 1552; V. 87, p. 1421.)
NEW YORK SUSQUEHANNA & WESTERN RR.—(See Erie Map.)
Owned (in fee) or entire stock. Miles. \Snsq. Connecting RR
8
Jersey City to Gravel Pl>, Pa
101 lOther branches
24
(Double track 19 miles.)
|Leased—Mid. Un. A Water Gap. 14
Beaver Lake, N. J., to Unlonvllle 21 |T rack age
3
Wllkesbarre 8s Eastern
65 |
—
Total road operated June 30 1909
236
STOCK.—Pref., $13,000,000; com., $13,000,000. of which the Erie owned
June 30 1909 $12,657,872 com. and $12,936,572 pref., of which $6,630,000
oom. and $6,630,000 pref. are deposited under Its Pennsylvania coll. tr. M.
Dividends on pref.. Nov. 1891 to 1892, 2 $4% yearly; none since.
BONDS.—General 5s are reserved to retire 2d 4 He.
See abstract, V. 52,
p. 84. The seconds are exchangeable for generals on payment of an assessm’t.
Terminal bonds, see issue of Jan. 1898 and abstract. V. 57, p. 512.
The $3,500,000 Midland RR. 1st 6s were extended 30 years from maturity
April 1 1910 at 5% and the $250 000 Paterson Ext. RR. due June 1 1910
30 years atf samelrate.'K (See V. 90,(p. 373, 914.)
away

mos., (1909-10
Gross, $3,186,068; net, $952,859
July 1 to May 31.
\l908-09
Gross, 3,019,805; net, 981,462
For 10 mos. ending April 30 1910, net after taxes, $855,096, agst. $905,785 In 1908-09; other income, $94,922; fixedLcharges,5L$840,616; lmprovements/$55,039;|balance, surplus,($54,363.
“ePORT.—For 1908-09, In Y. 89, p. 1341.
Year—
Gross.
Net.
Oth. Inc.
Charges.
Balance.
1908-09
$3,252,745 $1,046,272 $78,627 $1,004,712 sur.$120.187
1907-08
3.260,075
746.560
895,066
def. 84,306
64.200
—(V. 89, p.1069,1841; VJ90, p.373, 914, 1364; V.91.P 95)




RY. -See

page

65

NORFOLK & SOUTHERN RR.—Mileage, &c.—Operates 602.29 miles,
extending from Norfolk, Va., to Raleigh, Goldsboro and Beaufort, N. C.,
with branches.
Of this total the company owns 504.12 miles and leases 95
miles (from Goldsboro to Morehead City), and has trackage rights on 3.17

miles;

45.93 miles Is equipped electrically.

At Norfolk the company has
steamship lines which furnish practically a daily service to
Washington, Boston, Richmond, Baltimore, Philadelphia and New York.
Trains are operated over the Albemarle Sound trestle, giving rail connection
to all the company’s lines.
Owns entire capital stock and bonds of John L.
Roper Lumber Co., owning over 600,000 acres of timber lands and 200,000
acres of timber rights.
V. 87, p. 1415.
In Nov. 1909 the John L. Roper
Lumber Co. purchased the Kingston & Carolina RR. Sc Lumber Co., owning
line from Kingston to Pink Hill, N. C., 25 miles.
ORGANIZATION.—Successor May 5 1910 to N. 8c S. Railway, foreclosed
Dec. 7 1909, per plan V. 87, p. 614, 678.
In April 1910 an option or sale had been arranged of the $5,780,000 bonds
of the new company to meet the cash requirements of the plan (see below),
the U. S. Supreme Court having refused to grant an appeal from the order
confirming the sale to the reorganization committee, but In July 1910 the
sale of the bonds was delayed by a new attempt to annul the sale of the
connection with

Bal., Sxtr.
$1,166,760
1,182,034
REPORT.—For 1908-09 in V. 89, p. 776.
Coal traffic In 1908-09, 3,472,543 tons (out of 5,731,588 tons), against 3,214,124 tons in 1907-08.
Inc. or Dec.
Year ending June SO—
1908-09.
1907-08.
Gross earnings
Jnc.$168,676
$8,290,170 $8,121,494
Net earnings over taxes
Dec.
74,163
2,421,588
2,495,751
Dec. 148,020
Total net income, incl. “other”
2,849,998
2,998,018
Inc.
Interest on funded debt
960,420
1.889
958,531
Miscellaneous interest and discountDec.
152,877
13,035
165,912
Rentals and hire of equipment
Inc.
40,589
393,574
352,985
Dividends (2%)
Inc.
14
1,162,322
1,162,3,p8

LEARNINGS.—11

NIAGARA JUNCTION

NORFOLK & PORTSMOUTH BELT LINE RR.—Owns Port Norfolk t®
Berkley, Va., 5.8 miles,and Southern branch extension. 1.40 m.; operate8
under lease 1.85 miles.
In Nov. 1909 acquired entire stock of Elizabeth
River RR.. 4.61 miles, whose bonds are guaranteed.
V. 90, p. 1044.
Stock, $50,400, all owned by Atlantic Coast Line, Norf. & West., Ches. A
Ohio, N. Y. Phila. Sc Norfolk, Seaboard Air Line and Norfolk 8s Southern.
$100 shares.
Bonds, see table.
Calendar year 1909 (9 months), gross.
$166,206; net, $6 6,018; other income, $10,320; Interest on bonds, $12,500;
taxes, &c., $3,300; balance, surplus, $60,538.

road.

V. 90, p. 1554.
STOCK AND BONDS.—Under plan In V. 87, p. 614, 678, the new co.
authorized $16,000,000 stock and $12,000,000 “first and refunding” mtge.
5% bonds.
The new bonds will be secured by a first mortgage on 233 miles,
and, subject to underlying Issues aggregating $3,220,000, on 271 additional
miles, and also by a first lien on practically the entire rolling stock and
equipment; also by a first lien on the entire stock ($6,000,000) and first
mortgage bonds ($5,000,000) of the John L Roper Lumber Co., owning 10
planing, saw and shingle and cedar mills, with an annual capacity of
150,000,000 ft.,board measure; and about 150 miles of standard-gauge
logging road, 300 logging cars, 25 locomotives, &c. The value of the Roper
Lumber property was estimated by court officials at $12,785,000.
.sinking
fund of new first 5s, beginning 1913, to be at least $100,000.
Of the new
first 5s, $5,780,000 were to be sold to provide the cash requirements of the
new company. Including the payment of two issues of receivers’ certificates,
aggregating$1,442,865, collateral trust 6% notes of 1907 ($2,750,000 auth.
Issue), Scc.; $3,220,000 are reserved to retire underlying bonds, and the
The total mortgage debt
remaining $3,000,00.0 for future requirements.
at any time outstanding, including underlying liens, not to exceed $20.000^
per mile.
EARNINGS.—Year ending Dec. 31 1909: Gross earnings, $2,584,783;
operating expenses, taxes and rentafs, $1,769,544; net earnings, $815,239;
other income. $329,909; total net income, $1,145,148.
In 1908, gross,
$2,182,972; 1907, $1,924,265.
OFFICERS.—Pres., E. T. Lamb, Norfolk; Sec., Morris S. Hawkins, Nor¬
folk; Asst. Sec., N. W. Runnlon, 30 Pine St., N. Y.; Treas., Matthias Manly,
Norfolk; General Counsel, Chadbourne 8s Shores, 30 Pine St., N. Y.
Gen¬
eral office, Norfolk, Va.
N. Y. office, 30 Pine St.—(V. 90, p. 110, 698.
772. 1171, 1239, 1554.)
NORFOLK & WESTERN RY ,—See Map.—System extends from Nor¬
folk, Va., westward to Columbus, Ohio, and northward to Hagerstown.
Md.. with branches to the various coal fields In Virginia and West Virginia.

Road owned.
Miles.
Norfolk, Va.. to Columbus. O— 704
Radford, Va., to Bristol. Tenn.. Ill
Roanoke. Va., to Hagerstown._ 238
Graham to Norton—
100
Nor. Car. Junction to Fries
44
Lynchburg to Durham, N. C— 115

Portsmouth

Jet.

to

and Ivorydale

Cincinnati

Roanoke to Winston

Sundry branches..
Columbus terminal

Trackage
Total owned June 30 1909

106 Double track

Antes.
121

360<

38
1,941
274

ORGANIZATION.—Successor In 1896 of Norfolk 8b Western RR.. Stc.
foreclosed per plan

in V. 62, p. 641.

In March 1910 Penn. RR. and sub¬

sidiary companies, it Is understood, owned about 51% of the stock, the
holdings sold in 1906 ($16,000,000) having been re-purchased in 1909
and also additional amounts acquired.
V. 83, p. 502; V. 88, p. 1062.
Branches building June 30 1909.
V. 89, p. 598-9; V. 90, p. 628.
In July 1909 the Norfolk 8b Western and Atlantic Coast Line agreed to
build Jointly the Winston-Salem Southbound RR., extending from WinstonSalem, N. C., to Wadesboro, 90 miles, to be completed about Sept. 1910,
the two proprietary companies jointly to guarantee an Issue of 1st M. 50year gold 4s.
V. 89, p. 161, 598; V. 90, p. 238.
STOCK.—Provisions of pref. stock were in Issue of April 1897, page 4,
said stock being 4% non-cum. with preference as to assets.
In Dec. 1909
sold $1,530,800 com. stock, making amount out $66,000,000. V. 89, p.1597.
DIVS.—
’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. *09.
1910.
Preferred _.% 1899 to Feb. 1910, incl., 4% y’ly (2% semi-an). See below.
Common
%j
2 2H 3
3 3H 4H
5
4
4^ToSep,3$*
Dividends begin In 1910 to be quar. Instead of semi-annually.
On pref.,
Feb. 1910, 2% (s.-a.); May and Aug., 1% each (quar.).
BONDS.—The first consolidated mtge.of 1896 Is limited to $62.500,000,.
the balance unissued being reserved to retire the underlying bonds.
V. 73,
They
p. 502; V. 74, p. 151; V. 75, p. 505; V. 77, p. 1785; V. 78, p. 229.
are a 1st mtge. on about 886 miles of railroad; upon important terminals at
Norfolk and Lamberts Point; upon the Ohio River Bridge and the Roanoke
Machine Works also a consol, mtge. upon 766 miles, subject|to the|un_

C5

BONDS.

RSAATILONWCDKY
19 0.]

July,




[VOL.

RAILWAY STOCKS AND BONDS

96

Miles
Road

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Norfolk & Western Ry—Com stock $100,000,000—G
Adjustment preferred 4% non-cum $23,000,000--G
N A W gen (now 1st) M Norfolk to Brls Ac g-FP.c*
New River Division first mortgage gold
FP.c*
Improvement A extension mortgage gold-.FPc*
Scioto Valley A New Eng 1st M assum gold--Ce.c*
N A W first consol mtge $62,500,000 gold-Me.c* Ar*
Dlv 1st lien A gen M (text) g red 105 begin 1929-.G
Pocah Joint M $20,000,000 g call 105 s f-.GP.c'&r
Col Con A Term 1st M gold guar p A 1 (end) - -Mp.c*
Convertible bonds $34,000,000 gold red text
G
Winston-Salem Southbound 1st M gold, gu pAL__
Equlp trusts gold $500,000 yearly since ’05.-FP.c*
do
Series A gold due $100,000 yearly
FP
do
Series B gold due $100,000 yearly
FP
do
Series C gold guar p A 1 due $200,000 yrly
Series D gold due $100,000 yearly
do
do
Series E gold due $100,000 yearly
do
Series F to K g gu $100,000 each ser yrly_
do
Series L to O $100,000 each series yearly.
Norristown & Main LCon—1st M g gu p A l(end) --GP
North Carolina—Stock 7% paid from rental
North Penn—Stock 8% gu 990 years $6,000,000 auth
Old second M (now 1st) (7s extended In 1896)
c
General mortgage extended In gold In 1903
FP.c Ar
Funding loan bonds $409.000
North Shore Cuba—First mtge $5,000,000 g red
F
North East Penn—1st M gold gu P A R (end)-GuP.c*
Northern (Ala)—First M ($350,000 are prior lien). K.c
Northern (N H)—Stock 6% rental
Northern California Ry.—See Southern Pacific RR —
Northern Central—Stock ($20,000,000 authorized) —
First mortgage State of Maryland loan (V 74, pll97)
Consol general mortgage of 1874 gold Series E
c
Second gen M Series “A” A “B” (A $2,565,000) .FP

Par
Value

Date
Bonds

Amount

Rate

When

Last Dividend

Outstanding

%

Payable

and Maturity

Q— M .Sept 16 ’10 1 h
Q— F | Aug 18 ’10 1%
M
A
N May 1 1931
7,283,000
A
O Apr 1 1932
2 000,000
A
F
A
A Feb 1 1934
5,000,000
M
A
N Nov 1 1989
5,000,000
A
O Oct 1 1996
A
40,400.500
A
J July 1 1944
J
23.000,000
A
D Dec 1 1941
J
19,302,000
A
J
Jan 1 1922
J
600,000
A
4 g
D June 1 1932
J
22,673,000
■i 50 years
&
J
4 g
See text
M
A
4 g
S Sept 1 1910-11
1,000,000
J Jan 1 1911-13
A
4 g
J
400,000
A
4 g
M
S Mch 1 1911-13
400.000
A
4
O
A
Apr 1 1911-15
1.000.000
g
M
N Nov 1 1910-15
4 g
A
600,000
A
D Dec 1 1910-15
4 g
J
600,000
4 g
Various To Aug 1916
3,000,000
4 g
Various To June 1 1917
2,800,000
S Sept 1 1952
4 g
M
A
250,000
A
7
F
A Aug 1 19 i0 3 4
4,000,000
8
5,405,550
Q— F IMay 25 1910 2%
M
A
N May 1 1936
4
1,500.000
A
3.3 g J
J Jan 1 1953
4,500,000
M
4
A
N Nov 1 1928
407,000
M
A
S Mch 1 1942
5 g
(?)
A
0 g
O Apr 1 1920
A
400,000
A
5
J
J July 1 1928
1,650,000
Q- -J i July 1 1910 1 h
3,068,400 See text

100 $68,896,000 See
100 22 991,700 See
1881
1,000
1882
1,000
1883
1,000
1,000
1889
500
Ac
1896
1,661
r.881 1904 1,000 Ac
1901
1,000
500
4
1892
1907
1,000 Ac
1 ,000
1910
90
1902
1,000
1903
1,000
1903
1,000
1905
1,000
1,000
1905
1905
1,000
1906
1,000
’06-’07
1,000
1902
1,000
100
223
50
86
500
Ac
1866
56
1873
86
1898
1907
1,666
26
1890
1,000
1896
1,000
112
100
83
428
197
588
129

See text

50
1855
144
1885
144
144 '76-’82

text
text
g
g
g
g
4 g
4 g
4 g
5 g
6
0
0
4

1,500,000
1,757,000
3,565 000

1.666
1,000

8 In 1910 J
6
4H g A
5
J

A

Q— J
A
A

LXXXXI

Places Where Interest and
Dividends are Payable

Office, Philadelphia
do
do
Mercantile Trust Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do

Metropolitan Tr Co, N Y
Mercantile Trust Co, N Y
United States Tr Co, NY
Fidelity Trust Co, Phlla
do
do

do
do

Commercial Tr Co, Phlla
do
do
do
do

do
do
do
do

Reading Terminal, Phlla
Burlington, N C
Office, 240 S 3d St, Phlla
do
do

do
do

Reading Terminal, Phlla
Reading Terminal, Phlla
J P Morgan A Co, N Y
1023 Old So Bldg, Boston

J July 15 ’10 4% Treasurer’s Office, Balto
i Irredeemable
Annapolis
Treasurer’s Office, Balto
O Apr 1 1925
do
do
J Jan 1 1926
•

'

NORFOLK & WESTERN RY. (Concluded).—
liens.
They were further secured by the equipment.
See
abstract, v. 64, p. 376; V. 72, p. 137, 438, 532, 723, 1080; V. 75. p. 505:
V. 79, p. 213; V. 81, p. 212.
The N. A W.-Pocahontas Joint bonds are secured by about 295,000 acres
of coal lands owned and held by the Pocahontas Coal & Coke Co., whose
stock Is owned, of which about 50,000 acres have been leased to companies
whose stock Is all owned by the U. S. Steel Corp. and 39,797 to other con¬
cerns, the royalties under such leases alone being shortly expected to be suf¬
ficient to almost meet the fixed charges.
They are subject to call at 105
since 1906 for a sinking fund of 2 H cents per ton mined.
V. 73. p. 845,
902; V. 74. p. 41, 380, 1197; V. 75, p. 502.
These bonds are the joint and
several obligations of the Railway Co. and of the Coal A Coke Co., but as
between the two companies the debt Is to be paid by the latter company.
Divisional ls< lien and gen. mtge. 4s of 1904 ($35,000,000) authorized for
future capital requirements are a 1st lien on extensions and branches not
oovered by the 1st consol, mtge. aggregating 220 miles, and upon such ex¬
tensions and branches as may be acquired from the proceeds of the new
bonds and also a lien subject thereto upon the. properties covered thereby.
Of the bonds $23,000,000 have been sold for Improvements and new equip¬
ment.
V. 78. p. 1549: V. 79. p. 501, 628, 973, 1642, 1704, 2148; V. 80.
The equip, trusts
p. 1175; V. 82, p. 510; V. 83, p. 1471; V. 88. p. 231, 453.
(series L to O, $700,000 each) sold in 1909 mature $100,000 per series yearly
beginning Dec. 1 1910, and March, April and June 1911. V. 89, p. 919.
In April 1908 $7,500,000 2tyear notes were sold, secured by deposit of
$10,000,000 first lien and general 4s, of which $3,147,000 re-purchased to
Dec. 1 1909 and remainder paid May 1 1910.
V. 86, p. 1043, 1101.
The stockholders Oct. 11 1906 authorized an issue of $34,000,000 con¬
vertible bonds.
V. 83, p. 380, 435, 575.
To provide for double-tracking
and new equipment $14,576,000 were sold early in 1907 and In 1910 $10,993,000 were subscribed for by stockholders or sold.
These bonds are
convertible Into common stock, $ for $, prior to June 1 1917, and thereafter
subject to call at 105 and Interest. To July 1910 $2,896,000 bonds had
been converted.
V. 83, p. 1412, 1471; V. 84, p. 1248; V. 85, p. 469;
V. 86, p. 109, 286; V. 90, p. 772, 1425.
GENERAL FINANCES.—Of the traffic In 1908-09 65% (13,117,598
tons) was bituminous coal and coke: average rate per ton per mile, 0.460
cents; train-load. 616 tons. In Dec. 1909 dividend rate was increased to 5%.
In 1910 $10,993,000 convertible 4s were subscribed for by stockholders at
par or sold. “See BONDS above.
EARNINGS.—For 11 months ending May 31:
Gross.
Net.
Int., Taxes,&c.
11 Mos.—
Bal.,Sur.
1909-10
$12,938,995
$32,061,947
$5,132,302
$7,806,693
4,910.893
1908-09
26,581.651
10,476.326
5,565,433
disturbed

REPORT.—Report for 1908-09, V. 89, p. 590, 597 (see editorial, p. 565).
1908-09.
1907-08.
Inc. or Dec
1,920
1,941
+21
Passenger earnings
$3,977,482
—$334,645
$3,642,837
Freight earnings
24,710,591
+719,961
23,990,630
Mall, express, Ac
973,673
—20,432
994,105
Year ending June 30—
Miles June 30

Total gross earnings
Operating expenses

$29,327,101

$28,962,217

+$364,884

17,729,756

18,764,714

—1,034,958

Total net earnings
Total net income
Interest on bonds, Ac
Taxes
Def. in int. P. C. A C. bonds
Dlvs. on pref. (4%)

$11,597,345

$10,197,503

+$1,399,842

$12,578,458
4,743,233
1,008,800
150,000

$11,118,467
4,290,180
1,020,800
192,000

+1,459,991
+453,053
—12,000
“ —42,000
+12

DIvs. on common
Rents.
Betterment fund
Advances to subsld. cos., Ac

919,668
919,656
(4)2,578,768(4)^)2,901,114
152,817

87,371

1,730,580
8,175

1,360.000
2

—322,346
+65,446
f-370,580
+8,175

Balance, surplus
$1,286,417
+$939,071
$347,346
OFFICERS.—Pres., L. E. Johnson; Chairman of Board .Henry Fink, 27
William St., N. Y.; V.-P., Wm. G. Macdowell; Sec., E. H. Alden; Treas.,
Jos. B. Lacy.
General office, Roanoke, Va., Philadelphia office. Arcade
Building, Market and 15th Streets.
Directors.—Henry Fink, Victor Morawetz, New York; L. E. Johnson,
Roanoke, Va.; Samuel Rea, W. G. Macdowell, Joseph I. Doran, John P.
Green and J. B. Thayer, Philadelphia; Joseph Wood, Henry C. Frick, Pitts¬
burgh; Walter H. Taylor, Norfolk, Va.—(V. 90, p. 628, 698, 772, 1425.)

NORRISTOWN & MAIN LINE CONNECTING RR.—Owns double-track
road .65 mile long ,incl. bridge over Schuyklll River at Norristown, Pa.
Leased to Phlla. & Read. Ry. at 4% on stock and interest on bonds. The
Reading Co. owns all the $50,000 stock and guarantees the bonds.—
V. 75, p.1148.

NORTH CAROLINA RR.—Owns from Goldsboro to Charlotte, N. C.,
221.65 ra.; Carolelgh Jet
N. C., to Carolelgh Mills. 1.90 m.; total, 223.55
miles.
Leased from Jan. 1 1896 to the Southern Ry. for 99 years at
$266,000 (6
on stock) per year till Dec. 31 1901 and $286,000 (equal to
7% on stock) balance of lease; also taxes.
V. 63, p. 361. State of North
Carolina holds $3,000,000 stock.—(V. 66, p. 665* V. 89. p. 163.)
,

NORTH COAST RR.—Projected to extend from Spokane, Wash., west

via Tacoma to Seattle, about 378 miles, with a southern extension from
Portland Jet. to Portland, Ore., 85 miles: Elona east to Walla Walla. Wash.,
north to Davenport, 129 m.; total, 592 miles, with various branches, making
an aggregate or some 700 miles.
Surmised to be the Pacific division of
some

trans-continental system.

In Oct. 1909 about 100 miles graded.

See

V. 88, p. 686; V. 89. p. 994; V. 90, p. 698. Stock auth., $500,000; par,$100.
Pres. W. A. Clark of San Pedro Los Angeles A Salt Lake RR. is said to be
Interested.
Pres., Robert E. Strahorn, Spokane, Wash.—(V. 89, p. 994;
V. 90. p. 698.)




NORTH PENNSYLVANIA RR.—Owns from Philadelphia. Pa., to Beth¬
lehem, Pa., 55.60 m.; Delaware River branch, 20.60 m.; Doylestown branch
10.30m.; total, 86.50 m.
Leased for 990 years from May 1 1879 to Phlla.
A Reading RR. at 8% on stock, and lease assumed In 1896 by Phlla. A
Reading Ry. Current liabilities June 30 1909, $375,23 ».—(V. 81, p. 668.)

NORTH-EAST PENNSYLVANIA RR.—Owns road from Glenslde to
Hope, Pa.. 26 miles.
Controlled by Reading Co. Capital stock
$400,000, of which $318,950 owned by Reading Co.; par. $50
NORTHERN ALABAMA RY.—Sheffield to Parrish, Ala., and branches,
112.50 miles,
[n April 1899 a majority of stock and bonds purchased by
the Southern Ry.
See also V. 69, p. 391.
V. 68, p. 824, 873.
Stock Is $2,000,000.
Under supp. mtge. of 1898 $400,000 of the out¬
V. 67, p. 1208. In year
standing $1,700,000 1st 5s were made prior liens.
ending June 30 1909, gross, $435,047; oper. Income, $71,373; Int. on bonds,
$82,500; rentals, Ac., $43,934; bal., def., $55,061.—(V. 69, p. 28.)
NORTHERN (N. H.) RR.—Owns Concord. N. H.. to White River Jet..
Vt., 70 m.; branch to Bristol, N. H., 13 m.; total 83 miles.
Subsidiary lines,
Concord A Claremont RR., 71 m.; Peterborough A Hillsborough RR., 19 m.
Lease to Boston A Lowell for 99 years from Jan. 1 1890 was assigned to
Bos. A Me.; rental was 5% on stock till July 1 1897, and now 6%. payable in
gold.
Until July 1897 1% extra was paid regularly from contingent fund
Also In 1894, Jan., 5% extra was paid; In 1896, July 2% extra; In 1897,5%
extra; In July 1904, H% extra.—(V. 65, p. 463; V. 78. p. 2385.)
NORTHERN CENTRAL RY.—Owns Baltimore, Md., to Sunbuiy, Pa.*
136 m.; all double track—branch, 9 m.; leases—Shamokin Valley A Pcttsv •
RR., 38m.; Elmira A Williamsport RR., 73 m.; operates at cost—Elmir a
A Lake Ontario RR., 100 m.; Lykens Vail. RR., 19 m.; \ork Hanover &
Frederick RR., 56 m.; York branch Penn. RR., York, Pa., to Columbia.
13 m.; other, 4 m.; total, 448 miles.
Also uses other tracks, 20 m.
V.78,
New

773.
ORGANIZATION.—A consolidation of several roads In 1854
Con¬
trolled by the Penn. RR.. which owns a majority of the stock
The directors voted July 14 1910 to lease the road to the Pennsylvania
RR. for 999 years, the holders of the $19,342,550 stock to receive a stock
dividend of 40%, also 10% In cash from treasury assets and a guaranty of
8% on all the stock during the lease.
The stockholders will probably vote
on the matter shortly.
V. 91, p. 154.
SECURITIES OWNED.—On Jan. 1 1910 among the assets held were
Elmira A Lake Ont. stock (all), $1,500,000; Sham. Val. & Pottsv. stock,
$619,650; Union RR. stock. $1,225,000 (the bal. of $875,000 being held by
Phlla. Wllm. A Balto.), Ac.
Also the following, mostly acquired In 1900;
Balt. A Ohio pref. stock, $1,000,000 and com., $1,048,700; Norf. A West,
pref. $500,000. and com., $1,000,000; Erie A W. Transp.Co.stock, $500,000.
STOCK.—Penn. RR. on Jan. 1 1910 owned $10,577,200 stock.
’89 ’90 *91 *92 ’93
1901 to July 1910
DIVS 1888
1894 to 1900
Percent.
7
8
8
7
8
9
7 yearly
*8 yearly <JAJ)
•Also Jan. 1907 12 H% paid In stock ($2,149,169).
V. 83, p. 471.

p.

EARNINGS.—5 mos.J1910Gross, $5,145,292; net, $875,169
Jan. 1 to May 31.
\1909
Gross, 4,701,192; net, 753,769
ANNUAL REPORT.—Fiscal year ends Dec. 31.
President’s report for
1909, given at length in V. 90, p. 556, 565, showed the following:
Year ending Dec. 31—
1909.
1908.
1907.
1906.

Miles of road
467
Gross earnings..-$12,264,770
Net earns, (overtaxes).
2,326,433
Other receipts
1,374,677
Total net income
Rentals, Ac
Interest on debt, Ac
Dividends, 8%
Miscellaneous

$3,701,110
$456,408
354,668
1,547,400
346,419

$3,475,969

800,000

600,000

Extraordinary
Ba ance,

surplus

—(V. 90, p. 237, 503,

NORTHERN NEW

468
460
462
$11,264,986 $13,237,498 $11,632,633
2,228,920
2,358,865
2,385,341
1,247,049
1,247,425
1.151,602

$482,573
354,682
1,547,400
338,497

$3,606,290
$408,759
519,440
1,547,214
110,280

500,000

$196,215
$152,817
$527,597
556, 560. 565, 914. 1677; V. 91, p. 154.)

$3,536,943
$436,516
384,639

.1,375.468

10,226

1,100,582
$229,51

BRUNSWICK & SEABOARD RY.—Extends from

Canada Iron Corporation, Ltd., near Bathurst, New Bruns¬
Total mileage
wick, Canada, to Nlplslqult June., on the Intercolonial.
proposed, 26 miles.
Bonds auth., $390,000 at $15,000 per mile, guar, by
Province of New Brunswick and Canada Iron Corporation.—(V. 90, p. 1491)
NORTHERN RR. OF NEW JERSEY.—Owns from Bergen, N. J.. to
Sparklll, N. Y., 21 m.; leases Sparklll to Nyack, 5 m.
Leased to the Erie
RR. from June 1 1899 for the term of Its corporate existence, for Interest
on bonds, 4% on $1,000,000 stock, payable quarterly, taxes, and all cor¬
Iron mines of

porate expenses.
Of the $1,000,000 new 4H% gen. mtge. bonds, guaran¬
teed by the Erie, $654,000 are reserved to retire tne 6s due July 1 1917 and
the remainder for Improvements and betterments or equlpm’t for operation
by electricity of the leased properties.
See V. 69, p. 81.—(V. 71, p. 30.)

NORTHERN RY. COSTA RICA.—See V. 71. p. 1067, and United Fruit

Co.; V. 75. p. 849; V. 78. p.

288; V. 80, p. 223; V. 81, p. 614.

NORTHERN OHIO RAILWAY.—[See Map Lake Erie A Western.)—
Owns Akron to Delphos, O., 165 miles; branches, 2 miles.
Leased In per¬
petuity to L. E. & W.. which guarantees the bonds.
V. 62, p. 826.
STOCK.—Common stock (all owned by L. E. & W.), $3,580,000; pre¬
ferred non-cumulatlve 5% stock. $650,000; par of each, $100.
BONDS.—The first mortgage Is for $4,000,000; of which $1,500,000 un¬
issued are limited to $15,000 per mile of completed road hereafter con¬
structed or Durchased.
Operated as part of L. E. A W. V. 66. p. 337.
NORTHERN PACIFIC RAILWAY.—(See Maps.)— Operates one of the
leading lines to the Pacific, having Its eastern termini at St. Paul, Minn.,
and Duluth, WIs. (the head of Lake Navigation), and running thence west¬
erly; traversing the great wheat belt of Minnesota and North Dakota, the
mining district of Montana and the farmlx; country of Washington to
Tacoma and Seattle, and to Portland. Ore
with branches.
,

JULY.

L910.J

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first

page]

IFor abbreviations, &c.,

Miles
Road

Date
Bonds

Nort’n New Brunsw& Seab—1st M g gu $390,000 auth
16.9
Northern of New Jersey—Stock guar (see V 69, p 81)
Third mortgage (now first) Interest guaranteed—c
21
Gen mtge $1,000,000 gold lnt guar by lease. -Usm.c*
Northern Ohio—1st M g ($15,000 p m) gu p 6b 1. .Ce.c*
167
Northern Pacific Ry—Stock $250,000,000 authorized.
St Paul 6b N P gen M land grant assumed--Ce.c* 6Br.
182
do
do
registered
182
Wash 6c Columbia River 1st M gold assumed--F c*
163
New mortgages of Northern Pacific Railway—
Prior lien M $130,000,000 gold land gr._Me.c*86r See z
General Hen M $190,000,000 gold land gr..F c*&r See z
St Paul-Duluth Dlv pur money M $20,000,000.fl.c*
226
C B 6cQcolltrMg (red since Jan *06 at 105)_S.c*6Br*
do
do
registered
r*
Bonds Underlying St Paul A Duluth Div Mortgage
St Paul 6b Duluth first mortgage assumed
167
c*
Second mortgage assumed
Ce.c*
167
Taylor’s F 6b L Sup 1st M s f not drawn
Ce.c*
21
Duluth S L 1st M p 6s 1 sink fd not drawn__Ce.c*
25
Consol mtge assumed $5,000,000 gold
238
Mp.c*
Northern Pac Term Co—First M gold red at llO.-F.c*
-

•

•

.

-

-

-

-

—

•

1910
-

—

w

_

_

1881
1887
1884
1886
1898
1883
^

$500

66

Leased to others.

1,000

1,000,000

1,000
1,000
1,000
1.000

2,000,000
210,000
500,000

100

—

1893

1,000

1898
1889
1892
1894
1907
1899
1906

1,000
1,000
1,000
1,000
1,000 6bc
1,000
1,000

1897

1,000

100
1902

500 6bc
£100
g 40 m lies not o

1905

Miles

9
355
22

V. 88, p. 1373.

..

BONDS.—Abstracts of the new Prior Lien and General Lien mortgages
of 1896 were In V. 63, p. 1012-1019, 1072.
Prior lien 4%s purchasable with land sales at not
exceeding.
110 (but not subject to call), not over 3500.000 cash
yearly.
to be so applied.
Total Issue
3130,000,000
Issued (of which 36,005,000 In
treasury June 30 1909)
108,006,500
Issued, but purchased and canceled
4,665,500
Reserved to retire St. Paul 6s N. P. and West. RR. bonds..
8,^28.000
For new construction, betterments,
equipment, 6sc., under
carefully guarded provisions, but not exceeding 31,500.000
per annum.
Originally 325.000,000—still held
8,500,000
Of the 3190,000,000 general lien bonds,
3130,000,000 are reserved to
retire the prior lien bonds at maturity.
The St. Paul A Duluth Division
mortgage secures 320.000,000 purchase
money bonds on the former St. Paul &
Duluth, of which 39,215,000 were
Issued to acquire the road, 35,283,000 are reserved to
retire existing St. P.
6b 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
6b Duluth are estimated to be worth about
34,000,000, and were not cov¬
ered by the old nltges.
They are to be sold and proceeds applied to pur¬
chase of the bonds at not over 105 and
Interest, or, If not purchasable at
that price, then to betterments,
Improvements or additions to the mort¬
gaged premises or equipment therefor.
To July 1909 32,339,000 had
been thus purchased and canceled.
V. 71. p. 1167; V. 72, p. 339.
LAND GRANT.—The land grant was
12,800 acres to the mile In the
States of Minnesota and Oregon and
25.600 acres per mile In the (then)
Intermediate territories.
Unsold on June 30 1909, 10,160,560 acres, viz.:
Minnesota
29,5771 Idaho
447,048
North Dakota
5,156 Washington
2,315,494
Montana
.6,902,512J
Oregon
366,553
Sales In 1908-09, 340,281 acres.
Net cash receipts. 31,245,602.
FINANCES.—In 1904 Nor. Pac. and Gt. Northern had acquired
$107,612,600 of the 3110.839,100 stock of Chic. Burl. 6b Quincy
RR. In exchange
for their Joint 20-year 4% gold bonds
secured by the deposit of the stock In
trust, on the basis of 3200 In bonds for each 3100
stock.
See circular,
V. 72. p. 871, 1034, 1135; V. 73,
p. 294, 610; V 85, p. 601.
-

EARNINGS.—11 mos.J1909-10_.Gross, 367,750,744; net,
$25,607,578
July 1 to May 31.
\ 1908-09__Gross, 62,313,050; net, 27,942,853

REPORT.—Report

for 1908-09 In V. 89, p. 912, 1138, 1153. 1116.
1908-09.
1907-08.
1906-07.
Average miles
5,671
5,633
5,444
Freight earnings
347,073,305 346,423,836 347,650,369
Passenger earnings
18,133,238
16,320,861
Other revenue from transportation.. 17,330,608
3,416,102
3,065,076
3,002,968
Revenue other than transportation._
640,732
598,526
491,436
Years ending June 30—

$68,460,747 $68,220,677 $67,465,635
$28,322,267 $26,303,433 $28,876,273

Other Income.

3,697,638

4,114,143

2,876,790

Gross Income
Hire of equipment

$32,019,905 $30,417,577 $31,753,072
$879,256
Rentals paid
$337,136
$318,718
245,539
Interest on funded debt
6.775,003
7,098,908
6,994,620
Int. & com. on new stk. subscript.
3,268,416
3,106,883
159,727
Dividends on.stock (7%)
j,
14,105,000
10,850,000
10,850,000
Depreciation of equipment
_

5,926,753

Insurance fund

Net surplus for year.




2.784,950

$7,534,350

$6,258,118

1,000,000
3.406,000

1,000

HISTORY.—This Wisconsin company on Sept. 1 1896 succeeded to the
railroads, land grant and other property of the Northern Pacific RR.
foreclosed In July 1896 and reorganized per plan
In V. 62. p. 550.
The original Northern Pacific Company
was chartered by Congress July 2
1864; 450 miles to Bismarck were foreclosed In 1875.
STOCK.—The 375,000.000 preferred stock was paid off at
par on Jan. 1
1902. the common being Increased from 380.000,000 to 3155,000.000.
Stockholders in Jan. 1907 subscribed for 393,000,000 new stock at
par,
paid In Installments to Jan. 1909.
V. 83, p. 1471, 1524; V. 84. p. 221.
DIVIDENDS—
1 ’02. '03. 3’04. *05. *06. ’07./08. ’09.
1910.
On common
(%)> 5J*
7
7
7
*7
6M
7
7
To Aug, 5H
On pref. (ret)—(%)J 1
•
Also Dec. 1908 11.26%from sur. of N. W.
Impt Co. V. 87, p. 1238

Total operating revenue
Operating income (overtaxes)

60.000,000

*7.889,000
1,000 6cc) 107.613,500 J
1,000 6ccJ
\

181 1
522 |

Union Pacific.

108,006,500

1,000

lncl. 5 m. trackage
ITotal system June 30 1909
6,368
(operated directly)
5,733 I Second track
470
The Manitoba branches, aggregating 354
m., 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 3210,000
annually for the first 10
years, then 3225,000 for 10 years, then 3275,000 for 10 years and thereafter
3300.000, with option of purchase any time for 37,000,000.
V. 73, p. 610.
Spokane Portland 6s Seattle Ry., Joint line with Great Nor., build¬
ing from Portland to Spokane, Wash., with branches; total, 417 miles, was
completed May 1909; see V. 81, p. 1101; V. 83, p. 1111; V. 86. p. 1530.
Line Glendive, Mont., to Mandan, Nor. Dak., 250 miles.
Is proposed,
contract for 50 miles let.
In May 1909 arranged for joint use of Co.’s
line between South Tacoma and Vancouver,
Wash., 135 miles, with
an

Payable

4 g

J

4

$6,697,176

4 g
3 g
4 g
4 g
4 g

j
J
A
F

J

Last Dividend

6b
6b

Dividends

Jan
Jan

F
A
J
M
J

6b
6e
ds
6b
6b

J

6b

1 1997
1 2047

J P

are

Payable

July 1 1921
A
O
J
S
D
J

Aug 1 1931
Oct
Jan

1 1917
1 1914

Sept 1 1916
Junel 1968
Jan 1 1933

3,954,000 See text See text Jan 10 *10 2H%
5 g
794,000
M
6b
N May 1 1923
35,000.000
5
972,000
5 g
A
6b
O Apr 1 1928
5 g
3,806,000
J
6b
J Jan 1 1919
5 g
1,498,000
J
6c
J Jan 1 1912
5
313,000
A
6b
O Oct 1 1914
5,694,000
S Mch 1 1957
4K g M 6b
4
285,000
A
6b
O Apr 1 1949
5 g
2,025,000
J
6c
J July 1 1926
3,000.000
8
Q—J
July 1 1910 2%
4
M
6b
1,200,000
S Mch 1 1927
5 g
100.000
A
6b
O Apr 1 1932
5 g
(?)
J 6b D 30 1955
p era ted; sp urs, 261
• June 30 1909
miles.

Morgan, N Y; 6b Ber
do
do
do
do

D Dec 1 1996
J July 1 1921

Q—J

.

Places Where Interest and

J Jan 1 1940
Bk BrNAm,NY,Mon6bLn
Jun • 1910
1% 50 Church St, New York
&
j July 1 1917
do
do
6b
J Jan 1 2000
do
do
6e
O Oct 1 1945
Chase National Bank,NY
Q—F
Aug 1 1910 1 H J P Morgan 6b Co. N Y
6b
A Feb 1 1923
do
do
Feb 11923
Q—F
do
do
6b
J July 1 1935
Farmers’ L 6b Tr Co, N Y

Q—J

5
5
6
5
4 g
6 g

Maturity

a

Q—F
J
J

and

&

I

654,000
154,000

500 6bc
500 6cc

Total,

Great Northern

When

%

6
4H g
6 g
2.500,000
100 248,000.000 7 In 1909
1,000
6 g
8,021,000
1,000
6 g
1,000
2,620,000
4 g

Total (Inc. 48 m. trackage)-.6,118
I
Controlled properties—
2,874 jMlnn. 6s Intern. (V. 77, p. 451). 175
2,859 |Other companies
75

Total main line
Various branches..

Rate

1,000
1,000

72

Ashland, Wls. to Portland,
|To other companies
Ore. (Incl. 5 m. terminals)-.2,171 |To Province or Manitoba
Bralnerd and Staples to St.
|Not operated

Amount

Outstanding

$253,500
1.000.000

100
100 6bc

100

165
90.5

...

____

_

1896
1896
1900
1901
1901

40

Bonds (not mtge) lnt guar under lease currency. c6br

Paul
Other lines

_

1895

„

Norwood & St L—1st M $300,000 g red 110 In 10 yrsTa
7H
Nova Scotia Eastern—First mortgage gold red
p Berlin at 4.20 marks per dollar.- z'5,130 miles. In cludln
Miles. I

-

399

...

Main line.

•

1883
1883

...

.

-

1887
1900
1895

---

Northern Railway (Cal)—See Southern Pacific RR.
Northern Securities—Stock $3,954,000—
Northwestern Coal Ry—First M guar (end) gold-F.c*
Northwestern Pacific—Stock ($35,000,000)
F
Cal Northw 1st M g guar by St F 6b Nor Pac sink fdSan Francisco 6c Nor Pacific 1st M gold s f_Me.c*6cr
North Pacific Coast general mtge (now first) gold-.c
Eel River 6b Eureka first
mortgage
lst&ref M $35,000,000 g red 110 aft 10 yrs_F.xc*6sr
Northwestern RR of South Car—First M $375,000
Northw Term Ry—1st M gold guar p 6b 1 red—Me.c*
Norwich & Worcester—Preferred stock 8% rental

Par
Value

97

J P

p

do
do
do
do

Morgan 6b Co. N Y
do
do
do
do

do
do
do
do

Winslow,Lanler6bCo,N Y
Checks mailed
Farmers’ L 6b Tr Co, N Y
San Francisco & New Yk
New York and Frankfort
Co’s office, San Francisco
Eureka
New York
Safe Dep 6b Tr Co, Balt
Merc Tr Co, N Y 6b Denv
Mech Nat Bk, Worcester

Company’s office Boston
City Nat Bk, Watert.N Y
$191,000 add’l In treasur

DIRECTORS.—Arthur C. James, George F. Baker, William Sloane,
Pierpont Morgan Jr., Lewis Cass Ledyard, Howard Elliott, Charles
Steele. George W. Perkins, William P. Clough, James N. Hill, Amos Tuck
French, Alex. S. Cochran, William S. Tod, Payne Whitney and Grant B.
Schley.
OFFICERS.—Pres., Howard Elliott, St. Paul, Minn.; V.-P., James N.
Hill; Sec.. George H. Earl, New York; Treas., C. A. Clark, St. Paul.
New York office, 34 Nassau St—(V. 90, p. 698.
772; V. 91, p. 39.)
NORTHERN PACIFIC TERMINAL COMPANY, OF OREGON.—Owns
terminals on the Willamette River, Ore., at
Portland, East Portland and
Albina, comprising 270 acres land. 38 m. track, dock frontage 7.904 feet.
LEASE.—Leased for 50 years from Jan. 1 1883 jointly and
severally to
Northern Pacific, Oregon Ry. 6b Navigation and
Oregon & California, with
guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
In 1899 by new Nor. Pac. and Oregon RR. 6b Nav.
V. 69, p. 230. •
STOCK.—Stock ($3,000,000) owned by said three companies (40% by
Oregon Ry. & Nav. Co., 40% by Nor. Pac. and 20% by Oregon & Cal.
RR.), and held by Central Trust Co. of New York, to be delivered after
payments to the sinking fund, which Is to cancel the bonds.
BONDS.—The first mtge. is for $5,000,000; in Aug. 1910 $4,275,000 had
been Issued, of which $869,000 retired by sink
fund—drawings at HO and
Interest.—(V. 88, p. 232; V. 89, p. 163; V. 90, p. 237; V. 91, p. 154.)
NORTHERN SECURITIES CO.—In 1904 the U. S. Supreme Court de¬
clared the company to be a combination In violation of the
Anti-Trust Actand therefore Illegal.
V. 76, p. 811, 919, 1249; V. 78, p. 1168.
The stockholders voted on April 21 1904 to reduce the stock from
$395,400,000 to $3,954,000, the par value of shares to remain $100,
representing
the remaining assets In the treasury, pending
completion of dissolution.
V. 78, p. 1223, 1275, 1392.
Report for cal. year 1909 was in V. 90, p. 233.
DIVIDENDS.—On stock as reduced 5% yearly 1906 to 1908; 1909,
Jan.. 4%; 1910. Jan., 2 H%.
OFFICERS.—Pres., James J. Hill; Sec. and Treas., E. T. Nichols; Gen.
Counsel, W. P. Clough.
Office, 26 Liberty St., N. Y.—(V. 90, p. 233.)
NORTHWESTERN COAL RY.—See page 165.
NORTHWEST.—See Chicago & North Western.
NORTHWESTERN PACIFIC RR.—Operates a system extending from
Point Tlburon, Cal. (whence ferry to San Francisco, 6 miles),
northerly to
Eureka, with branches, 399 miles In all. Incorp. Jan. 8 1907 In the Interest
of South. Pac. and Atch. Top. 6b S.Fe,which each
owns$17,499,500 stock,
and took over by consolidation the Cal. 6b Northw.,
San Fran. & N. Pacific,
North Shore RR., San Fran. & Northwestern, Eureka & Klamath
River
and Fort Bragg 6b Southeastern.
A connecting line of over 100 miles Is to be
built from Willits to Pepperwood, 30 m. to be
completed In summer of 1910
BONDS.—San Fran. 6b North. Pac. 5s Issued at $25,000
pe mile; s. !.,
$25,000 y’ly; bonds drawn at 110 and lnt. (mtge. abstract V. 49, p. 241.)
As to old North Shore 5s dated 1902, see V. 80,
p. 1913; V. 74, p. 1252.
Of the first and refunding 4 His of 1907 ($35,000,000
auth.), $5,694,000
was outstanding Jan. 1909, all owned by Southern
Pacific; the mortgage*
reserved
$6,676,000. to retire a like amount of underlying bonds, $5,000,000 for Improvements and equipment and $13,324,000 for branches
or extensions. Including one from Shively to Wlllets and from
Wendling to a connection with the line from Uklah to Tlburon.
V. 84, p.
J.

.

221, 694: V. 85, D. 222.
EARNINGS.—11 mos.J 1909-10
Gross, $2,856,410; net, $848,686
July 1 to May 31.
\ 1908-09
Gross, 2,726,329; net, 659,957
Report for year ending June 30 1907 In V. 85, p. 861.
Year ending June
30 1909, gross, $3,022,977; net, after taxes, $662,992; other
Income, $133,016: charges, $674,442; bal., sur., $121,566.
t

NORTHWESTERN RR. OF SOUTH CAROLINA.—(See Map Atlantic

Coast Line.)—Wilson Mill, S. C., via Sumter to Camden, 62.5 miles;
branch,
Millard to St. Paul, 3.5 m.; trackage, 5 m.; total, 71 miles.
Stock, $100,000.
Dividend, 6% paid yearly Dec. 1900 to 1902; 1903 to 1905, 6%: 1907 and

Year ending June 30 1908, gross, $98,064; net, $28,642; lnt.,
6bc., $18,026; dividends (4%), $4,000; bal., sur., $6,615.
NORTHWESTERN TERMINAL RY.—Owns terminals covering 36 acres
at Denver and 5t acres of right of way In that
city, and 40 acres of freight
terminals at Utah Junction, 3 miles north of Denver.
Leased for 99 years
for Interest, taxes and maintenance to Denver Northwestern &
Pacific,
which owns the $3,000,000 stock and guarantees bonds,
prln. and lnt.
Bonds ($3,000,000 auth. Issue) are redeemable from July 1 1911 to
July 1
1916 at 105 and int.: thereafter at 102 H
V. 89, p. 994; V. 90, p. 503
Denver Laramie 6b N. W. also uses facilities.—(V.
90, p. 503.)
NORWICH & WORCESTER RR.—Owns from Norwich. Conn., to Wor¬
cester, Mass., 59 miles; branch, Norwich to Groton, 13 m.; total. 72 miles.
Leased to New England RR. for 99 years from Feb. 1
1869, and accepted by
N. Y. N. H. 6c H. In 1898; rental 8% on pref. stock.—V.
70, p. 125.
NORWOOD & ST. LAWRENCE RR.—Norwood to Waddington, N. Y.,
20 miles, lncl. extension, 13 m.,
opened July 1909.
Stock $100,000; par
of shares, $100.
Bonds are subject to call at 110 after April 1 1912.
Year
ending June 30 1909 (7 miles), gross, $73,325; net, $40,586.
In 1907-08,
gross, $61,656; net, $23,798; Int. and taxes,
$6,059; bal., sur., $17,739.
Pres., Chas. H. Remington; Manager. F. A. Sherman,
Norfolk, N. Y.;
Treas., Warren F Howe, Watertown. N. Y.—(V. 74,
p. 1090.)
OCEAN SHORE RY., CALIFORNIA.—Owns partly constructed
road,
double-track, to extend from San Francisco, Cal., to Santa Cruz, 80 miles,
of which 38 miles south from San Francisco and 15
H north from Santa Cruz
Is completed, leaving gap of 26 H miles.
To be sold at auction by mortgage
trustee, Mercantile Trust Co. of San Francisco, Sept. 2 1910.
V. 90, p.1677.
On Dec. 7 1909 Frederick S Stratton was
appointed receiver.
V. 90,
In Jan. an Issue of $3,000,000 or $3,500,000 receiver’s oertfs.
p. 1543.
was proposed to
complete road, pay floating debt, 6sc. V. 90, p.110,1102.
Reorganization Committee.—In Dec. 1909 80% of the bonds had been
deposited with a committee (Homer S. King, Chairman:Mercantlle Trust
Co. of San Francisco, depositary), under agreement dated
July 9 1909.
V. 89, p. 349. 1484, 1597.
The reorganization plan dated July 9 1009.
(V. 89, p. 225 349) is understood to have been abandoned.
1908, 4%.
taxes,




<2
Qt

RAILWY
STOCKS
AND

BONDS.
[Vol.

lx i.




July,
19 0.J

RAILWY
STOCKS
AND

BONDS.

RAILROAD COMPANIES
see notes on first

tFor abbreviations, Ac.,

Miles
Road

page]

Par
Value

Dale
Bonds

9
26
80
172
209
33
11
111
-

Oregon RR & Navigation—Common stock

•

•

•

-

24
57
670
....

....

-

—

1,479

-

...

.

.

.

...

.

.

.

35
35
35
20
88
...

Payable

1,000

2,000,000
250,000
228.000

1,000
1,000
1,000
1,000
1,000

2,000,000
2.941.000
376.000

303,000

1,000
1,000

1,606
1,000
1,000 &c
1,000 &c
1,000 &c
100
1.000

1,000
100
100

600.000
327,000
2,640.000
20.364.000
4.000.000

3,000,000
5,598.000
1,000.000
1,750,000
1,143,000
17,745.000
24,000,000

11,000,000
23,3*0,000
14,931,000

1,000
1,000
1,000
1,000

1896
1882

4,991,000

1878
1886
1897
1904
1897
1897
1902

1,000 &c

1876
1883
1905
1881

1,000
1,000
1,000
1,000

250.000
1,200,000

1909

100 &c

300 000

1,802,000

500 &c
500 &c
500 &c
500 &c
50

outstanding; par *100

cisco. trustee.
OFFICERS.—Pres, and Gen. Man., J. Downey Harvey; 1st V.-P.,
.Folger: 2nd V.-P., Horace D Pillsbury; Sec. and Treas., Burke Cor¬
bet.—(V. 90, p. 110, 1102, 1171, 1677.)

j. A

OGDEN MINE RR.—Owns Nolan's Point (Lake Hopatcong) to Sparta

Jan. 1 1882
for org. exp.
OHIO CONNECTING RY.—Owns bridge over Ohio River near Pitts¬
burgh. Pa., and approaches, 9.08 miles.
Leased from Oct. 20 1890 for no

(or Ogden Mine), N. J., 10 miles.
Leased for 999 years from
to Central RR. of N. J. for 5% per an. on stock and $500 yearly

definite time to Pitts. Clncln. Chic. & St. Louis Ry.; rental, net earnings.
Stock Increased In Dec. 1902 from $1,000,000 to $2,000,000, In $50 shares
B«*uds are guaranteed as to principal and Interest by endorsement by Penn¬
sylvania Company, which on Jan. 1 1910 owned the entire stock.
Form of
guaranty, V. 81, p. 669.
Divs. In 1906,5%; 1907 to 1909, 7%. For calyear 1909, gross, $439,215; net, $369,854; other Income, $53,625; charges,
$80,000; div. (7%), $140,000; bal., sur., $203,479.—(V. 82, p. 752.)

OHIO & KENTUCKY RY.—Owns from Lex. & East. Ry. at Jackson,
Com
Ry., to cannel coal fields In Morgan County, Ky., 26 miles.
mon stock, $200,000; preferred stock, $100,000; bonds, as above, $250,000;
Junior securltes to be taken by stockholders, $175,000.
Bonds are guar¬
anteed by Kentucky Block Cannel Coal Co. Year ending June 30 1909, gross,
$76,667; net, $20,300.
In 1907-08, gross, $86,016; net, $24,201; charges,
$26,403; bal., def., $2,202.
Pres., W. de L. Walbridge, 1 B’way, N. Y.
OHIO & LITTLE KANAWHA RY.—Zanesville. O.. to Marietta.

&c..

80 miles.
V. 69, p. 907.
Balt. & Ohio has pledged under Its Pitts. L.E.&
West Va. mtge. $585,000 common and $824,000 pref. stock.
V. 73, p.
1264.
Stock is, com., $918,000; pref., $1,167,500.
Year 1908-09, gross,

$264,093; net, $45,757.
In 1907-08, gross, $278,766; op. def., $304; other
Income. $643: charges, $31,301; bal., def., $30,962.—(V. 73, d. 1264.)

purchased by the

$5,884,400 of the $5,915,430 capital
L. E. & W. Va. 4s. V. 73, p. 287.
OHIO RIVER & WESTERN RY.—Owns Bellalre. O.. to Mill Run. O..
Ill miles; narrow-gauge trackage to Zanesville, 1 mile. Successor Jan. 1
1903 to Bellalre Zanesville & Cincinnati RR.
V. 80, p. 163, 473, 600, 1913.
Stock auth., $4,000,000; outstanding June 30 1909. $653,800; par, $100.
The stockholders voted Dec. 4 1906 to> Increase the authorized stock from
$1,200,000 to $4,000,000, to change the gauge to standard, build extensions,
V. 83, p. 1099.
&c.; also to issue not over $4,000,000 of 5% bonds.
In year ending June 30 1909, gross, $185,630; net, $20,606.
In 1907-08,
gross, $192,715; net, $25,468; int., taxes, &c., $31,075; bal., def., $5,607.
Pres., S. L. Mooney; Treas., W. C. Mooney, Woodsfield, O.—(V.83,p.1099.)
OKLAHOMA CENTRAL RR.—Owns Lehigh. Okla.. to Chlckasha, 132
June 5 1908 Asa E. Ramsay was appointed receiver.
miles.
V. 86, p.
1344, 1410. Sale deferred until fall of 1910. V. 91, p. 155. Of $500,000 re¬
ceivers’ certs, auth., $327,000 had been sold In Apr. 1910. V.88, p.158. In
April 1910 a majority of the bonds had been deposited with a committee, F.
J. Llsman, Chairman (Columbia Tr. Co., N. Y., depositary).
V. 87, p.
In Aug. 1909 the Ada Term. RR. was lncorp.
1160.
Stock (par of shares
$100), $2,640,000.
Western Trust & Sav. Bank, Chicago, Is mtge. trustee.
V. 82, p. 752.
For year ending June 30 1909, gross, $154,538; def. under
oper. exp., $37,871.—(V. 88, p. 158; V. 91, p. 39, 155.)
Balt. & Ohio RR.. which has pledged
stock as part security for Its own Pitts.

OLD COLONY RR. (MASS.)—Owns road from Boston to Provlncetown,
Mass., Newport, R. I., &c., 518 miles; leases 101 miles.
In June 1907 a
bill was passed permitting purchase of Boston & Providence (leased line).
LEASE.—In 1893 leased to New York New Haven & Hartford for 99
years.
Of the stock, $6,904,300 was on June 30 1909 held by the lessee.
The lease provides for dividends of 7% per annum on stock not exchanged.
V. 76, p. 247,
374.
Stock authorized,
$20,000,000.
V.
86, p.
982, 1101; V. 88, p. 53, 375, 453, 507.
In Dec. 1909 $985,000 stock was
sold at about $195 per share, the proceeds to be used in part to pay $1,912,000 Boston Clinton Fitchburg & New Bedford 5s maturing Jan. 1 1910.
This made $20,364,000 outstanding.—(V. 89, p. 1543, 1597.)'

OMAHA & DENVER SHORT LINE RR.—Projected from Omaha, Neb.,
Denver, Col., about 500 miles.
Incorporated In Colorado In 1906.
Stock authorized, $12,500,000: par of shares, $100.— (V. 83, p. 94.)
OPELOUSAS GULF & NORTHEASTERN RR.—Owns fifty-seven miles
from Melville to Crowley, opened Oct. 2 1907.
Stock authorized, $2,
000,000, of which Tex. & Pac. owns $1,400,000; par of shares, $25.
Bonds
authorized, $20,000 per mile, will be guar, by Tex. & Pac. as Issued.
The
$1,143,000 bonds Issued Dec. 31 1909 were all owned by the Tex. & Pac. V.
82. p. 98; V 83, p. 688; V. 86. p. 792.
Pres., C. E. Satterlee; Sec., P. B.
Bert, Opelousas, La.
N. Y. office. 195 B’way.—(V. 85. p. 922.)
OREGON & CALIFORNIA RR.—(See Map Southern Pac.)—Portland.
Ore., to California State line, 367 m.; Albany Jet. to Lebanon. 12 m.; Port¬
land to Corvallis. 97 m.; Woodburn to Natron, 93 m.; Portland, Ore., to
Alrlee. Ore., and branch, 81 m.; Mohawk Jet. to Wendllng, 16 m.; Spring¬
field to Springfield Jet., 1 m.; trackage, 1 m.
Total, 666 miles.
LEASE. &c.—Leased to Southern Pacific Co. for 34 years from Aug. 1
1893. the lessee guaranteeing lnt. on the bonds and the lessor receiving any
net profit and being charged with any deficit after payment of charges. Bet¬
terments are payable by lessor.
Southern Pacific owns all but $38,802 of
the $19,000,000 stock, $12,000,000 of which Is 7% pref.
V. 72. p. 287.
Due Southern Pacific June 30 190 >, $6,435,864.
Litigation, V. 88, p. 376.
BONDS.—Land grant acreage unsold June 30 1909, 2,342,131, part be¬
ing covered by the mtge., proceeds of land sales going to redeem bonds
(subject to call at par).
The Southern Pacific guaranty of principal and
Interest Is printed on each of the 5% bonds.
See V. 63, p. 754
EARNINGS.—Year ending June 30 1909, gross, $7,099,081; net, $3,232,011; other income, $5,000; lnt., taxes, &c., $1,972,629; bal., sur., $1,264,383.—(V. 80, p. 2220; V. 88, p. 376.)




When

%

$450,000

outstanding in the hands fo the public and
for loans; Mercantile Trust Co., San Fran¬

OHIO RIVER RR.—(See B. A O. Map.)—In July 1901

Rate

$100

100
1888
1894
1895
1902
1893
1906
1887

eoa
477
477

Oswego & Syracuse—Stock 9% guaranteed D L & W.
Consolidated mortgage (guaranteed by D L & W)..
Construction mortgage guar (for $1,000,000)
F
Overton County—First mortgage $250,000 gold
Owensboro & Nashville—First mortgage gold—Ce.c*
Ozark & Cher Cent—See St Louis & San Francisco
Pacific & Eastern—First mortg gold redeem (text) K
STOCK AND BONDS.—Stock, *5,000,000. all

•

•

1903
1896
1900
1886
1887
1890
1892
1903
1908
1905

1,158

Ref M $100,000,000 g gu p & 1 red (text) - .Eq,c*&r
Income bonds Series A 5% non-cumulatlve
OB
do
Series B non-cumulatlve
ti
Oregon & So E—First M $300,000 g red 110 s f
Ta

of the bonds, $3,000,000 are
$2,000,000 held as collateral

_

—

-

Consol mortgage (now first) $24,312,800 gold.N.c*
Oregon Short Line RR—First mtge (Ry Co) gold--_c*
Utah & Northern first mortgage exten In 1908—c*
Cons M gu $15,000 p m s f not drawn gold.. AB.c*
Cons 1st M $36,500,000 gold (1st M on 400 m) .Q.c*

-

_

.

c&r
c&r
Omaha Bridge & terminal Ry—First M ($5,000,000).
Opelousas 0 & N E—1st M $5,000,000 g gu (text).Me
Oregon & Cal—1st M gold drawn at 100 gu p & l.Un.c*
Bonds not mortgage
Bonds not mortgage

-

132

Amount

Outstanding
See text

1905
10

Ogden Mine RR—Stock «5% rental Central of N J) —
Ogdensburg & Lake Champlain Ry.—See Rutland RR
Ohio Conn Ry—1st M $2,000,000 ggu p & l(text)F.c*
Ohio & Kentucky—1st M gold sink fd call at 110-Ce.c*
Ohio & Little Kanawha Ry—First M gold red 105.. K
Ohio River—First mortgage ($2,000,000) goId-.FP c*
General M ($3.000,000) gold first on 39 miles. -FP.c*
Rav Sp & Glen 1st M $400,000 ggu p & I — FP.c*
Huntington & Big S 1st M ($400,000) gold guar-.c*
Ohio River & Western—First mortgage $600,000 g- -F
Oklahoma Central—Receivers' certfs $500,000 auth..
1st M $10,000,000 redeem (text)
Old Colony—Stock 7% guaranteed by rental
c*
Bonds not mortgage.
-r
Bonds not mortgage (authorized $3,000,000) g.c*&r

to

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

100

12,328,000
See text
7,185.000
14.841.000
250,000

1,320,400
438.000
668,000

5 g
5

M

&

J

&

4
5
5
5
&
6
6
4
6
5
7
4
4
4

&
M
S
J
&
J
M
&
S
J
&
D
A
&
O
F
&
A
J
&
J
M
&
S
M & N15
J
&
D

g
g
g
g
g
g
g
g
g

Q—J

Last Dividend
and Maturity

Sept 1 1943

Farmers’ L & Tr Co, N Y

Mch 1 1950
June 1 1936

Knickerbocker Tr Co,NY
Central Trust Co, N Y
do
do
do
do
NewYork or Philadelphia
Hambleton & Co, Balt
New York
In default.

&

1

July 1 1926
Apr 1 1937
Aug 1 1920
July 1 1922
Sept 1 1953
Nov 15 1911
Dec 1 1945

July ’10.1 H%

J
F
J
J
J
M
J

J

May 1909 coup last paid
608'Chestnut Street, Phil

N Nov 1 1935
J July 1910 2

&
J Jan 1 1938
&
A Feb 1 1924
g
&
D Deo 1 1925
&
J July 1 1932
SH
5
&
J Feb 1 1943
5 g
&
S Mch 1 1956
5 g
&
J July 1 1927
See text. See text. See text.
4 In 1910 j
&
j July 1 1910
4 g
J
D Junel 1946
&
6 g
F
&
A Feb 1 1922
4 (7) J
&
J July 1 1933
5 g
J
&
J July 1 1926
5 g
J
&
J July 1 1946
4 g
&
J
D Dec 1 1929
5% In Se pt 190E
July 1 1946
4 In 1909
Oct
July 1 1946
5 g
A
&
O Apr 1 1922
9
F & A 20 Aug 20 1910
See text See text Matured
5
M
N May 1923
&
& g
J
&
J Oct 1 1945
« g
M
&
NNov 1 1931
6 g

Places Where Interest and
Dividends are Payable

D{June 1 1937

’

Broadway, New York

Office, Boston
do
do
do
Treasurer’s office, Boston
Miss Valley Corp, N Y
Mercantile Trust Co. N Y

South Pacific Co, N Y
Office 120 B’way. N Y
do
do
2^
New York and Germany
120 Broadway, NewYork
do
do
do
do
do
do
do
do
do
do
do
do
Apr ’10 coupon not paid
Del Lack& West RR.N Y
do
do
do
do
Colonial Tr & S Bk, Chic
71 Broadway, New York
■

Knickerbocker TrCo.N Y
•

OREGON RAILROAD & NAVIGATION.—(See Map Union Pac.)—Baal
Portland, Ore., to Huntington, Ore., 403 m.; Umatilla, Ore., to Spokane,
Wash.. 227 m.; branches ow ed, 512: leases Snake River Valley RR.. Wallulato Grange City, Wash., 66 m.; other, 16 m.; owns securities of, but
leases, Columbia River & Oregon Central RR. Arlington to Condon. Ore.,
45 m., and Columbia Southern Ry., Biggs to Snanlko, 70 m.; total June 30
1909, 1,340 miles, of which 13 narrow-gauge; river division water lines, 195
miles.
Ocean line to San Francisco, 660 miles.
Elgin, Ore., to Joseph, 63
miles, also extension of St. John’s branch, 20 miles, under construction.
The Oregon Washington & Idaho RR. Is building from Portland, Ore.,
to Puget Sound, about 230 miles, of which Lewiston Jet. to Lewiston.
Idaho. 72 mtle8, was opened July 7 1908.
ORGANIZATION.—Organized In July 1896, per plan In V. 61, p. 325,
and V.

62,p. 41. Controlled by Union Pacific Ry., directly and through Ore-

«on
Line.
$700,000711st
5s (entire
Issue)
Columbia Southern
to Shanlko,
miles.
ly..Short
Biggs,
Ore., Owns
V. 73.
p. of
1363.
STOCK.—In July 1909 all except $20,100 com. and $3,410 pref. stock
owned by Un. Pac. system, being mostly deposited under Ore. Short
Line refunding 4s of 1904.
V. 70, p. 177; V. 80, p. 1913.
DIVIDENDS.—On preferred, 1897, 2%; 1898 to July 1910. both lnd..
4% yearly.
On common, 1% July 2 1898; In 1908, 4%.
On Feb. 20 1908
an extra div. of 75% was paid on both pref. and com.
V. 87. p. 1421.
BONDS.—Consol. 4s (abstract V. 63, p. 928) unissued are mostly re¬
served for add’l road at not more than $20,000 per mile.
V. 74, p. 206.
was

mos.J 1909-10. ..Gross, $13,745,424; net, $5,733,569
11908-09...Gross, 11,597,646; net, 5,750,552
For year ending June 30 1909, gross, $12,626,531, against $14,149,704
n 1907-08: net, $6,219,812, against $6,953,638.—(V. 89. p. 163.)
OREGON SHORT LINE RR.—(See Map Un. Pac.)—Granger, Wyo.. to
Huntington, Ore., 542 miles; branch to Ketchum, Ida.. 70 m.; Ogden to MoCammon, Ida., Ill m.; Pocatello to Silver Bow. Mont., 256 m.: Cache Jet..
Ida., to Preston, Utah, 42 m.; Ogden, Utah, to Sandy. 50 m.; sundry
branches, &c., 426 m.; Butte to Garrison, Mont., 57 m.. owned, but oper.
by Nor. Pac.; trackage, 11 m.; total, June 30 1909, 1.565 miles.
On July 7 1903 the portion of the main line from Salt Lake City, Utah, to
Calientes, Nev., 512 m. In all, was taken over under purchase by San Pedro
Los Angeles & Salt Lake Ry., the Short Line acquiring a half Interest In
San Pedro L. A. & S. L.
V. 79. p. 1705.
V. 76, p. 919, 1356; V. 77, p. 38.
In 1909 Lembi & Salmon River Valley RR. was lncorp. V. 89, p.42.
HISTORY.—Successor March 16 1897 of the Oregon Short Line & Utah
Northern Ry.. foreclosed per plan In V. 62, p. 504, 505.
Controlled by Un.
Pac., which holds nearly entire capital stock.
See also bonds below.
V. 84, p. 52, 572, 932.
In 1907 acquired $5,685,750 stock and $1,034,000
bonds of Utah Light & Ry., Salt Lake City.
V. 83. p. 1171; V. 87, p. 1548-9
CAPITAL STOCK.—Authorized. $27,460,100, of which Union Pacific
owns $27,350,700; remainder In treasury.
V. 68, p. 188, 381,474. In 1908
paid 50% dividend.
V. 84. p. 52.
BONDS.—Of the $36,500,000 first consols, $22,029,000 were reserved to
retire at maturity the loans not disturbed.
The $4,993,000 Utah &
Nor. 78 due July 1 1908 were extended to July 1 1933 at 4%. V. 86, p. 1410.
Series A Incomes, non-cumulatlve 5 per cents, have received: In Sept.
1897,4%; Sept, yearly since, full 5%, at N. Y. office or Old Col. Tr., Boston.
Oregon RR. & Navigation stock, viz., $16,281,400 common and $976,900
EARNINGS—11

July 1 to May 31.

ut dividends
thereon
to go to
Shortsecurity
Line company
for the except
needed
Ereferred,
Is owned
andarepledged
asthe
special
Series Basincomes,
to

pay to Series B their full Interest.
In Oct. 1898 3% and In Oct. 1899 to
1909, incl., 4% yearly was paid on Series B.
V. 65, p. 572: V. 66, p. 1141.
The Union Pacific owns $4,291,000 and Oregon Short Line $2,564,000 of

$7,185,000 Income "A” bonds and the U. P. $14,804,000 of the $14,841,000

“B” bonds.
V. 70, p.
The ref. gold guar. 4s

176.
(collat. trust) of 1904 (authorized Issue, $100,000,102 H since Deo. 1 1907. The bonds were se¬

000) are subject to call at

pledge of the following stocks: $5,000,000 Northern Securities;
$18,000,000 pref. and $90,000,000 com. Sou. Pac. and $10,000,000 pref. and
$20,000,000 com. Ore. RR. & Nav. The collateral may be replaced by other
of equal value.
Of the bonds, $45,000,000 has been sold, the remaining
$55,000,000 being held In Union Pacific treasury.
See abstract of mort¬
gage, V. 80. D. 2403.
V. 79 p. 2086* V. 80 D. 1913.
EARNINGS.—11 mos.J 1909-10..Gross, $19,086,460; net, $10,440,618
July 1 to May 31.
\ 1908-09. .Gross, 16,154,940; net,
9,500,682
For year ending June 30 1909, gross, $17,784,586, agst. $16,214,042
In
1907-08; net, $10,470,884, against $8,641,624.
Financial office. 120 B’way, N. Y. City.—(V. 89, p. 42, 994.)
OREGON & SOUTHEASTERN RR.—To extend from Cottage Grove.
Ore., to the Bohemia Mining District, 34 miles, of which Cottage Grove to
Dlsston, 20 m., completed In Oct. 1906; branches. 4 m.; total. 24 m.
tension from Dlsston to Bonita, 6 m., under construction In Mch. 1910.
Stock authorized, com., $500,000; pref., 7% cum.. $500,000; outstanding.
$400,000 of each; par of shares. $100.
Pref. Is subject to call
Bonds, $250,000 said to be outstanding.
Coupons due April 1 1910 were
not paid when due.
In May 1910 foreclosure suit was brought. V. 90,
p. 1297.
Pres., G. B. Hengen, 1657 Monadnock Block, Chicago.—(V. 75,
p. 135; V. 90, p. 1171, 1297.)
OSWEGO & SYRACUSE RR.—Owns from Oswego, N. Y., to Syracuse,
N. Y., 35 miles. Leased In 1869 during length of charter and renewal thereof
to the Delaware Lackawanna & Western RR. Co. for 9% per year on $1,320,400 stock and Interest on bonds.
The $438,000 7% bonds which ma¬
tured March 1 1907 are held In treasury of D. L. & W.—V. 86. p. 543.
OVERTON COUNTY RR.—Owns Allgood, Tenn., on Southern Ry., to
Livingston, 20 miles; completed March 1906.
Extension easterly to Junc¬
tion City, Ky., on the Cln. New Orl. & Texas Pac., 76 miles, under construc¬
Bonds,
tion.
Stock authorized, $250,000, to be increased to $2,500,000.
see table above; trustee. Colonial Trust & Savings Bank. Chicago.
V. 81.
p. 727.
Car trusts, $18,000. Year ending June 30 1909, gross, $31,524,
cured by

against $33,023 In 1907-08; net, $11,447, against $11,087. Pres., Geo. L.
Wilkins, Chicago; Sec. and Treas., E. C. Knight, Livingston, Tenn.—(V.
83. p. 626; V. 84, p. 103.)

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first page]

Miles
Road

[For abbreviations, &.C.,

Pan-Amer RR (Mex-Guat)—1st M (text) red 105--C*
General mortgage $6,000,000
Pan-American Co collat trust notes redeem at par c*
Paterson & Hudson Riv—Stock 8% rent NYLE4W
Paterson & Ramapo—Stock (rental guaranty)
Pemigewasset Valley RR—Stock (rental guaranty)..
Tr
Pennsylvania RR—Stock $500,000,000
Consol mtge oil Gold registered bonds
r
1873 secures Gold coupon bonds
c
all equally.
Gold coupon s f 1% not drawn._c*
G. P.
Sterl (s f in 1900) not drawn.c»rA*-*
Gold or sterling
xc*rAr*
Bonds (P W & B stock as collateral)
r
N Y Phila A Norf stock tr ctfs
Collateral trust loan gold not drawn.
.c*
Gold bonds redeemable (text) convertible.__GP,c*
do
do
do
do
*&t
Philadelphia A Erie mortgage (now first) gold.-.c
do
do
r
($5,263,000 are 5s)
Sunb Has A Wllk first Series A drawn at 100....c
Second mortgage Income..
cAr
Sunb A Lewis first mtge $600,000 p A 1 g—GuP.c*
West Chester first mortgage assumed
West Penn consol mortgage gold assumed--PIP.c*
River Front first mortgage assumed
Southwest Penn 1st M s f $5,000 yearly not drawn.r
Allegheny Valley gen (now 1st) M g
FPi xc* Ar
Junction (Phila) general mortgage (now first) gold.
Pitts Va A Ch first mtge gold guar p A l--GP.c*Ar
Equipment trust gold bonds (s f 5%) not drawn.-c*
Penn equipment trust gold last Installment
do
last installment
do
do
do
$400,000 paid yearly
Penn steel car trust gold $700,000 paid yearly
On
x
coupon bonds J A J; on registered bonds A AO

Date
Bonds

1903

Par
Value

$1,000

101

Amount

Rate

When

Outstanding

%

Payable

$2,400,000

Last Dividend
and Maturity

5 g

J

A

J Jan

6
8
8
6

A
J
J
F

A
A
A
A

O Oct
J July
J July
A Aug

See text
1909
14
14

974
974
974
974
974
•

.

•

—

-

-

1879
1879
1893
1895
1908
1881
1908
1883
1902

1905

-

-

307
307
43
43
56
5
138
4.62
131
262
2.96
_

—

_

•

_

•

_

a

_

•

J

_

•

1869
1869
1878
1878
1896
1879
1888
1882
1877
1892
1900
1904
1889
1900
1901
1902

1902
In eludln
—

50

^

^

-

1,000

1,600,000
630,000

1 1934

!

Amer Tr A Sav Bk. Chic

1 1914

Amer Tr A Sav Bk, Chic
1910
4% Paterson, N J
1910
4%
do
1910
3% Treas Off, Concord, N H
31 ’10 1H Office, Philadelphia
1 1919
Office, Philadelphia
1 1919
do
do
1 1943
Farmers’ L A Tr Co. N Y

298.000
100
541.500
F
50 412,737,500 6 In 1909
Q
May
1,000
5 g
M
3.493,000
Q
Sept
M
A
1,000
5 g
1,500.000
S Sept
4 g
N May
1,000
M A
2.660,000
£200
3 X g J
A
4.850.000
J July 1 1945
$ or £
4
M A N May 1 1948
39.400,000
1.000
4
J
A
J July 1 1921
7.435,000
4
1,000
J
A
D June 1 1948
7,478,250
1,000
A
9,786,000
D June 1 1913
4H g J
500 Ac 10,223.000
3H g M A N Nov 1 1912
500 Ac 86,835,000
3 H g J
A
D Oct 1 1915
1,000
8 g
8.680.000
A
J
J July 1 1920
4
1,000 11,143,000
A
O July 1 1920
g A 5 g A
100 Ac al ,000,000
5
M
A
N May 1 1928
100 Ac
6
1.349,500
N May 1 1938
M
A
1,000
4 g
A
500,000
J
J July 1 1936
100 Ac
75,000
5
M A
S Sept 1919
1,000
4 g
J
D June 1 1928
4,000,000
A
1,000
4 H
212,000
N May 1 1912
M A
1,000
A
862.000
7
F
A Feb 1 1917
1,000 20,000,000
4 g
M
A
S Mch 1 1942
1,000
725,000
3X g A A O Apr 1 1930
1,000
4 g
6,000,000
M A N Nov 1 1943
1,000
4 g
2,546,000
M A
S Sept 1 1914
1,000
3 H g
Dec 1910
200,000
Vf
Q
1,000
M
400,000
June 1911
3H g
Q
1,000
800,000
Mch 1911-1912
3H g Q
1.000
3 H
J
1,400,000
Q
July 1911-1912
g $377.1 00 bonds he id alive 1 n sinking fund.
—

Places Where Interest and
Dividends are Payable

London, England
Penn Co for Ins, Ac, Phil

Provident L A T Co, Phil
Amer Ex Bk, NY; A Phil
Am Ex Bk. NY, Phil, Ac
Broad St Sta and London
Broad St Station, Phila
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York and Phila
Broad St Station, Phila
New York* Philadelphia
Girard Trust Co, Phila
Commercial Tr Co, Phila
do

do
do

do
do
do

1
OWENSBORO & NASHVILLE RY.—Owns from Owensboro, Ky., to
Adairville, Ky., 84 miles; Mud River branch, 4 miles.
Operated by
Louisville A Nashville RR., which owns the $1,156,525 stock (par, $100)
and the $1,200,000 first mortgage bonds—all these bonds and most of the
stock being pledged under its trust deeds.

p 631.
SECURITIES OWNED.—The total cost of these to Jan. 1 1910 was
$270,343,957; many of which are pledged to secure Pennsylvania Issues.

PACIFIC & EASTERN RY.—Owns Medford to 6 miles beyond Eagle
Point, Ore., 17 miles. To be extended 54 miles to Crater Lake; 14 miles to
Butte Falls under construction in Oct. 1909.
Acquired the Medford A
Crater Lake RR., bid In at receiver’s sale May 11 1907.
The Hill (Gt.
Northern) interests own nearly all the stock acquired in 1910.
V. 90, p.
1614.
Stock authorized, $1,000,000; outstanding, $500,000; par, $100.
Bonds (Knickerbocker Trust Co., N. Y., trustee) are subject to call after
June 1917 at 105; outstanding Sept. 1909, $300,000, $340,000 additional
being offered.
V. 84, p. 1552; V. 88, p. 1621.
Pres., John F. Stevens;
V.-P., William Gerig; Sec., J. W. LawkK*.—(V. 88, p. 1621; V. 89. p. 847;
V. 90, p. 1614.)

Beginning 1910 dividends paid quarterly. V. 89, p. 1224.
STOCK.—The stockholders March 10 1903 authorized an Increase in
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
1903 In exchange for convertible debentures.
(See below.)
In 1903 sold
$75,094,750 new stock at $60 per $50 share.
V. 76, p. 383, 488, 594, 706,
1193; V. 77, p. 37. 770.

PAN-AMERICAN RR. (M EX ICO-GU ATEM A LA).—Projected from San
Geronimo. Mex., on the National Tehuantepec RR., southeasterly to the
Guatemala border, about 300 miles, with connections to the City of Guate¬
mala, of which 225 miles operated In March 1908; balance was under con¬
In Sept. 1909 David E. Thompson, then U. S. Ambassa¬
struction.
dor to Mexico, acquired control.
V. 89, p. 721.
Paul Morton, President
of Equitable Life Ins. Co., is Interested. Mexican Government
subsidy about
$10,000 gold per mile.
Stock, $10,000,000, of which $0,600,000, together
with $3,600,000 gen. mtge. bonds Is owned by the Pan-American
Company
and deposited under its collateral trust 6% bonds (see table above).
Re¬
maining $2,400,000 gen. mtge. bonds, are reserved to retire the outstanding
first mtge. bonds.
V. 90, p. 237.
The first 5s of 1903 are limited to
$12,000 per mile of main track, but by supplemental mtge. to $8,000 per
mile until the net earnings are double the Interest charge on the entire auth¬

orized amount.

In 1906

$1,000,000 bonds were sold.
Pres., David E.
Thompson; V.-P. and Gen. Mgr., E. M. Wise; Treas., Ira Briscoe; Sec.,
Louis D’Antin.—(V. 90, p. 237, 772.)

PATERSON & HUDSON RIVER.—Owns from Marlon, 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.

PATERSON & RAMAPO RR.—Owns from Paterson, N. J., to New York
State Line, 14 miles, double track, part of main line of Erie RR., to which
leased Sept. 1852 during legal existence, at $26,500.
PEMIOEWASSET VALLEY RR.—Plymouth. N. H.. to Lincoln, N. H.,
23 m.
Leased to Concord A Mont, for 6% on stock; op. by Bos. & Maine.
PENNSYLVANIA RR.—(See Maps.)—The system, as shown on the
adjoining maps, extends from New York City westerly, via Philadelphia,
to Pittsburgh, Erie, Cleveland, Toledo,
Chicago and Burlington on the
north and to Washington, Cincinnati, Louisville A St. Louis on the south.
The total system on Jan. 1 1910 aggregated 11,234 miles, of which 3,841
miles represents the mileage operated directly under the caption ‘‘the lines
east of Pittsburgh and Erie,” and 2,911 the
mileage operated directly under
the caption “the lines west of Pittsburgh and
Erie,” the latter being more
fully described under the title Pennsylvania Company and Pittsburgh Cin¬
cinnati Chicago A St. Louis.
The other lines are operated independently.
East of Pittsburgh and Ene.
|
Miles.
Main Line and Branches— Miles. Trackage
237
Philadelphia to Columbia, Pa__
811 REPORTED SEPARATELY—
Phila.,Pa.,to New Bos. Jet.,Ac. 293 : Phila. Balt. A Washington
697
Harrisburg, Pa., to Pittsb., Pa_ 245 Northern Central Ry*
460
Erie, Pa., to Sunbury, Ac
307 West Jersey A Seashore RR.*.. 337
Branches and spurs.
895 Cumberland Valley RR.*
162
391
Long Island*..
Total main line A branches.. 1,821 Balt. Ches. & Atlantic
Ry
88
Lines oper. by lease or contract—
Maryland Delaware A Virginia.
78
Har. Ports. Mt.Joy. A Lan. RR.*
Rosslyn Connecting
2
Dlllersvllle to Harrlsb.,Pa., Ac. 53
1
Philadelphia
A Camden Ferry..
United New Jersey RR.,* Tren¬
ton to Jersey City, Ac
149
Grand total east of P. A E—6,294
Philadelphia A Trenton RR.*..
26
West of Pittsburgh and Erie.
Allegheny Valley Ry.*
264
REPORTED DIRECTLY—
Western New York A Penn.*..
554 Pitts. Cln. Chic. A St. Louis*..1,56<\
Connecting Railway*
37 Pennsylvania Company lines*..1,345
Lines operated under contract—
Cambria A Clearfield RR.*
393
Total reported directly
2,911
Belvidere Delaware RR.*
81
REPORTED SEPARATELY—
Phila. A Long Branch RR
49 Grand Rapids A Indiana lines*.
580
Delaware River RR. & Bridge*
10 Vandaila RR.*
924
Other lines (incl. D. & R. Canal
Other lines (see Pennsylvania
66 m., and ferries, 2 m.)
401
Company statement)
525
Total In Penn. RR. statistics.3,841
•See each company’s statement.

Total system Jan. 1 1910—11,234

ORGANIZATION, LEASES, Ac.—The charter of the Pennsylvania RR.
was dated April 13 1846.
The Pennsylvania Company controls all the lines
west of Pittsburgh and Erie, the
Pennsylvania RR. Co. holding all its stock.
1900
In

acquired most of stock and Income bonds of Western New York A
Pennsylvania and took a lease of the road.
V. 72, p. 481.
In May 1900 purchased a
majority of Long Island RR. stock.
V. 72,
p. 481. In Mch. 1910 had acquired additional amounts of Norfolk A West,
stock, and, it Is understood, owned 51% thereof. V. 90,
p. 628. Western
Pennsylvania and other roads connecting with the main line were merged
April 1 1903, the Pittsburgh Virginia & Charleston in 1905 and the Phila¬
delphia A Erie May 1 1907 and the Allegheny Valley on April 7 1910. V. 76,
p. 486, 594; V. 80, p. 1112; V. 84, p. 1183; V. 90,
p. 976.
The South West
Pennsylvania Ry. and York Haven A Row. RR. were purchased In 1906,
and in 1908 the Southwest
Connecting Ry., Junction RR. and Bald Eagle
Valley RR. V. 82, p. 453, 629; V. 84, p. 626; V. 86, p. 422.
In Jan. 1910 $2,492,750 of the N. Y. Phila. A Norfolk
$2,500,000 stock
(authorized in April 1910 to be increased to $3,750,000) had accepted the




offer to buy the stock with 4% 40-year trust certfs.,
guar., p.Ai., by Penn.
RR. on basis of $3,000 certfs. for $1,000 stock. V. 86, p. 1590;
V.88,

Revenue derived from these securities In 1909, $13,214,757.
DIVS. ’90. ’91. '92. ’93 to’99. ’00-May’06 Nov.’06 ’07. ’08. ’09.
1910.
P.C.. 5H 6
5 yearly
6
6 yearly
7
To Mav, 3
6
6
In 1893 paid also 2% m scrip.

Stockholders on March 12 1907 authorized increase of the stock and
bonds by $100,000,000 each, to be issued from time to time as
required,
$60,000,000 3-year collateral trust 5% notes paid off Mch. 1910, forming
part of the $100,000,000 bonds and the $40,000,000 4s sold April 1908
the remainder.
V. 84, p. 103, 626; V. 86, p. 1043.
Stockholders were
offered the right to subscribe between Dec. 8 and 18 1909 pro rata to the
extent of 25% In new stock ($82,517,800) at
par, payable on or before
June 1 1910, the proceeds to provide for the
$60,000,000 5% notes maturing
March 15 1910 and $20,000,000 general 6s due July 1 1910.
V. 89, p. 1224,
1281, 1348; V. 90, p. 635.
In

BONDS.—Consolidated mortgage of 1873, see "Supplement” of Oct. 1901
April 1908 $40,000,000 4% consols were sold. V. 86, p. 1043, 1101.

In 1902 were Issued $50,000,000 10-year 3 H% gold bonds, dated
Nov. 1
1902, of which $39,787,000 had been converted in Dec. 1909 Into stock at
$70 per share and balance is convertible at holders’ option at $70 per share
at any time; they may be called for payment at 102
on any int. day, but
if called converted on basis stated.
See V. 74, p. 577; V. 87, p. 1421V. 90, p. 447.
In 1905 stockholders subscribed at par for part
of $100,000,000 of 3
gold bonds, the balance being taken by a syndicate.
The bonds are (since
Dec. 1 1905) convertible at option of holder at any time Into stock at $75
per $50 share unless previously called for redemption on Dec. 1 1910, or
at any subsequent interest period on 90 days’ notice, at
par and Interest; but
when so called they may be converted 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% bonds maturing June and July 1905; balance for Improve¬
ments. See V. 80. p. 1112, 1236, 1913; V. 81,
p. 1437; V. 90, p. 447.
As to new bonds authorized In 1907 and 1908. see STOCK above.
GENERAL FINANCES.—In 1901 obtained control of the
Pennsylvania
and Cambria Steel cos.
See "Industrial cos.” and V.72,p.l280; V.82,p.805.
By October 1910 the company expects to open its passenger electric
tunnel railroad from Jersey City under the North River to a central
station at 33d St. and 7th Ave., New York City, and thence underpassenger
the East
River to a connection with the Long Island RR. In
Long Island City,
under the name of Pennsylvania Tunnel A Terminal RR.
The tunnel will afford entrance Into New York
City for the Penn¬
sylvania Railroad and the Long Island Railroad, permitting
through
trains by rail
direct from the South and West to all points In New England
via the bridge from Mott Haven to Long Island, which Is to be built
by the
N. Y. Connecting RR.; see V. 86, p. 608; V. 87,
p. 813, 1238; V. 88, p. 631;
V. 89, p. 666, 919; V. 90, p. 635.
In June 1906 the issue of $50,000,000 (250,000,000 francs) French loan
(Penn. Co. guar. 3 H% bonds) was sold to pay
part of cost ($42,000,000)
of equipment and completion of the water-supply
system.
In April 1908 $40,000,000 4% consols were sold to
provide for completion
of New York terminals and other construction work.
V. 86, p. 1043, 1101:
V. 88, p. 631.
In May 1909 $8,100,000 and in May 1910 $11,000,000
4%
general freight equip, trust ctfs. were sold. V. 88, p. 1254; V.90,
p. 1425.
On Dec. 31 1909 the Pennsylvania Company held (V.
86, p. 1281) the
subjoined amounts of the following Issues (compare table above), received
In whole or In part In connection with aforesaid French issue.
Pa.Steel Roll. Stk.Tr.4% .$1,500,000 Penn. Gen. Frt. Eq. Tr.
Pa. Steel Freight Car Tr.
4% ’07, $100,000,000.$13,600,000
4% gold
5,300,000 Pennsylvania RR. Water
Pa.Steel Eq.Imp.Tr.4%__ 6,000,000
Supply Trust 4%
7,000,000
As to $100,000,000 equip, trust auth. In 1907, see V.
84, p. 231, 340.
In Sept. 1906 about half of the company's
holdings In Baltimore A Ohio
(see that company) and Norfolk A Western stock were sold,
realizing about
$50,000,000, the N. A W. sold stock (about $16,000,000) being re-purchased
in April 1909, and in Mch. 1910 additional amounts had been
acquired,
making the total owned, It is understood, 51% thereof; also In Dec. 1906
sold $15,630,000 Ches. & O. stock.
V. 83, p. 562, 1412; V. 85,
p. 655;
V. 90, p. 628.
In 1910 purchased $5,000,000 New York New Haven A
Hartford stock, Increasing holdings to $6,000,000.
V. 90, p. 1425.
In Nov. 1906 the dividend rate was increased from
6% to 7%, but In
May 1908 again reduced to 6%.
On Feb. 1 1908 passenger rates were re¬
stored to old basis, the 2-cent law In Pennsylvania
having been declared
unconstitutional.
V. 86, p. 230, 286.
Increase In stock and bonds auth. 1907 and 1909, see "Stock”
above:
$82,517,800 stock sold Dec. 1909.
LATEST EARNINGS.—Jan. 1 to May 31 (5 mos.), directly
operated:
Lines east of Pittsburgh! 1910
Gross, $66,666,862; net, $17,144,142
and Erie
Gross,
J1909
57,562,262; net,
14,308,642
Lines west of P. A E., inc. or dec. Gross,Inc. ,$7,959,500; net,
inc., $1,767,700
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Annual meeting is
held at Philadelphia on second Tuesday in March.
The report for 1909 was
given in V. 90, p. 620, 634; see also editorial, p. 591.
EARNINGS OF ALL LINES BOTH EAST A WEST OF PITTS. A ERIE.
Year ending Dec. 31—
1909.
1908.
Gross earnings
$315,406,804
$276,780,314
Net earnings (over taxes)
86,263,213
71,392,227
„

102

RAILWY
Pennsylvania Railroad

System.
(EASTERN SECTION.

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July,
1910.]

RAILWY
STOCKS
AND

BONDS.
103

RAILWAY

104
RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

SHOCKS

Date
Bonds

Par
Value

Amount

Rate

When

Outstanding

%

Payable

Pennsylvania RR—(Concluded) —

1902
$1,000
1902
1,000
1903
1,000
1903
1,000
1903
1,000
1905
1,000
1905
1,000
1906
1,000
1906
1.000
Pennsylvania Steel equipment Improvement trust- 1906-7
Pennsylvania general freight equipment trust
1910
1,000
do
g gu p&i due$l,100,000yly(V90,pl425)FPr
1892
1,000
Delaware Avenue Bloodgood property
r
1893
1.000
Penn RR real estate purch money gold M--F.c*6br
1881
1,000
Pennsylvania Company—Bonds gold guar
c*&r
1897
1,000
Guar tr certs $20,000,000 g gu Pa RR Ser A
r
1901
1,000
do
do
do
do
SerB.GP.c*.
1902
1,000
do
do
do
do
Ser O
c*
1904
1,000
do
do
do
do
Ser D
GP
1901
1,000
Gold loan $1,334,000 drawn yrly g gu Pa RR—GP
1906
1,000
Gold loan red after 15 yrs (guar V 83 p 1229) -GP.c*
1906 500 fr 6bc
French loan 250,000.000 fr guar red from 1918..GP
1908
Penn Monongahela & Sou—1st M $1,000,000 g.-.-GP
Pennsylvania & North Western—see Cambria 6b Clear field R y.
100
47
Peoria & Bureau Valley—Stock rental (see text).
100 6bc
1879
202
Peoria & Eastern—Ina Bloom 6b W 1st M pf__Ce.c6br
500 6bc
1888
342
Ohio Indiana & West 1st M pref gold Int guar.Ce.c*
1890
342
1,000
Peo & E 1st (cons) M $10,000,000 Int guar
Ce.c*
342 1890
1,000
Income mortgage non-cumulative
Ce.c
1881
20
1,000
Ce.c
Peoria & Pekin Union—First mortgage gold
20
1885
1,000
Second mortgage gold
Ce.c
1907
1,000
Peoria Ry Term—First M gu g red 102 beg 1917. IC.c*
Penn steel car trust gold $300,000 paid yearly....
Penn steel equipment trust gold $500,000 paid yrly
do
do
do
$500,000 paid yrly.
do
rolling stock trust gold $500,000 pd yrly
do
do
do
$200,000 pd yrly
do
do
do
$300,000 pd yrly
Pennsylvania Steel freight car trust
do
do
do

Second mortgage

100
100
100

Pere Marquette—Common stock.
—
First pref (also as to assets) 4% cum after 1910
Second preferred 4% non-cumulative
Outstanding stock of constituent companies
Refund M $60,000,000 g
_.Ce-xc*6kr
Debentures $5.000,000
Chic & West Mich 1st M
NB.c*

491

1.000

1.666

COMPANY.
1908.
1907.

REPORT OF PENNSYLVANIA RAILROAD

1909.

Year ending Dec. 31—
Miles operated
Gross earnings..
Net earnings (overtaxes)
Int. on Pa. RR. investments
Int. on United N. J. securities
Int. for use of equipment..
Interest general account.

3,841
3,862
3,858
$153,564,527$136,296,871$164,812.825
41,661,367 34,895,878 41,226,313
13,214,757
331,172

211,110
1,674,120
73,472
446,801

General int. and miscellaneous
Rents

11,287,744
213,603
301,576
2,143,439
248,717
193,623

10,440,955
234,472
718,118
2,095,112
195,770
109,680

Gross income
$57,612,799 $49,284,580 $55,020,420
$9,126,234
Deduct—Rentals
$7,656,937 $6,437,357
10,412,488
12,620,296
Interest on funded debt
12,961,423
14,030
7,955
Int. on mtges. and ground rents..
13,760
4,782,686
5,601,693
Car trust payments
5,137,460
101,937
79,797
96,100
Equipment trust loan sink. fund..
164.758
123,013
Miscellaneous
1
185,742

$26,051,421 $24,876,186 $24,596,058
.$31,561,378 $24,408,394 $30,424,362
$197,321
$270,302
$218,426
137,280
133,550
137,000
3,538,981
3,260,651
5,581,810

Total
Balance

Payments to trust funds

Consol, mortgage sink, fund, &c
Extraordinary expenses
Dividends...
Per cent
N. Y. Tunnel

—

construction
Extraordinary expense fund
Total dividends, extraord’y,
Balance, surplus

19,173.742
6%

18,875,680
6%

4,000,000
2,000,000

1,000,000

21,908,435
7%

$25,149,688 $24,254,800 $24,725,484

i

*103.68 Terre Haute & Peoria RR...
15.09 Cleve. Akron A Columbus
Marginal RR., Beav. F., Pa.
3.53 Wheeling Terminal Ry
South Chic. A Southern
23.07 Louisville Bridge
Controlled Jointly;
Branches W.N.Y.&Pa, Ry..
51.52

Cleveland 6b Marietta
Pitts. Ohio Val. & Cine

2.28 Central Indiana
Pitts. Chartlers & Yough
Tol. Peoria & Western

Total Penna. Co. lines—1,342.20 Trackage
Total of all lines.

145.12
195.82

9.65
2.46
*117.58

*19.69
*230.70

169.81
5,102.35

ORGANIZATION.—Chartered in Penna. April 7 1870. Its $80,000,000
stock is owned by the Pennsylvania Railroad.
On Dec. 31 ’09 the Penn. Co.
owned sundry stocks and bonds having value per balance sheet of $173,781,951; and yielding In 1909 income of $10,671,710.
V. 84, p. 928.
DIVS.— 1 ’94. ’95-’00. ’01. ’02. ’03. ’04. ’05. ’06. '07. ’08. ’09. 1910.
Per cent—J
4
None.
334556778 June, 3
BONDS.—The gold bonds of 1921 are secured by leases of P. Ft. W. 6b
O., the Cleve. & PIttsb. and Erie & PIttsb. railroads and of bonds and
stocks having a par value In 1909 of $25,030,600, as well as real estate.
Guaranteed trust certificates, “A,” “B,” “C” and “D” were Issued by
Girard Trust Co.. Philadelphia, as trustee, under a deed of trust made by
the Penn. Co. and the Penn. RR. Co., whereby the Penn. Co. has pledgee
an equal amount at par of the 7% guar, special stock of the PIttsb. Ft. W.
6s Chic. Ry Co
Of the $20,000,000 in series A, B and C, the sinking fund
had retired $1,526,000 to Dec. 31 1909.
See V. 65, p. 368, 572, 1116;
V. 67, p. 122: V. 72, p. 339, 490; V. 79, p. 2457.
The 5H% gold loan of 1901 was Issued to pay for acquisitions of stocks of
the Pennsylvania and Cambria Steel companies.
They are guar., p. and I.,
by Penna. RR., and are subject to call for redemption Nov. 1 annually
by lot at par in 15 equal drawings.
V. 73, p. 843, 957. Collateral Mch. 31
1910, $11,200,000 P. C. C. & St. I.. Ry. pref. stock.
The $20,000,000 gold loan 4s of 1906, guaranteed, were at Mch. 31 1910

Cln. Chic. 6c St. Louis common and
$10,900,000 pref. stock, $4,000,000 Vandalla RR. stock and $1,000,000
Pitts. Youngstown & Ashtabula pref. stock: total par value of collateral,
V. 82, p. 335; V. 83, p. 1229. Car trusts Dec. 31 1909,
$28,400,000.
$7,112,210.
The 250,000,000 French franc 3 H% guaranteed loan of 1906 is payaole,

secured by deposit of $12,500,000 Pitts.

Denomination 500 and 2.500 francs.

V. 82. p. 1439.
mos.,/1909-10..Gross, $48,315,892; net. $16,725,009
July 1 to May 31.
\ 1908-09.-Gross, 37,465,559; net, 13,082,075

& I., in francs.




J
M
F
J
J
M
A
J
J

1,500,000
985,100
500,000
8,500,000
4,000,000
1.495,000
1,499,000

8
4
5 g
4
4
6 g

944.000
280,000

4 g
5

J

4 g
6
5

j

4 g

4 g

Fidelity Trust Co, Phlla
Phlla.

Farmers’ L & Tr

Co, N Y

York

Philadelphia

1 1941

National City Bank, N Y
Union Tr. NY; 6s Phlla
lAmer Ex Bk, N Y, 41

Dee 1 1942
Dec 1 1944
Nov 1 1916

Phlla, Pa, and New York
NewYork & Philadelphia

A Feb

D
D
N
O
D
J

and

New

May 1911-1920
S Sept 1 1912
N May 1 1923
J July 1 1921
S Sept 1 1937

JGirard Trust Co, Phlla\

Girard Tr Co. Phlla 6b N Y
Cred Lyon, 6be, Paris, Fr

Apr 1 1931
June 151921
Jan 1 1948

Philadelphia, Pa

A Aug 10 19104% Chic R I & Pac Ry. N Y
J P Morgan & Co. N Y
O Apr 1 1940
do
do
Apr 1 1938
Q—J
do
do
A
O Apr 1 1940
6b
F
A

6b
6b

April
Q—F

4H g M

6b
6b

4% paid April 1 1910
Central Trust Co, N Y
do
do
New York

Apr 1 1990
Feb
N Feb
J Jan

1 1921
1 1921

1 1937
20.7

16,160,400
11.157,600 /

967'800

12.230,000
5,000,000
5 758.000

6b
6b
6b

J
J

j

Morgan & Co. N Y

J P

Jan 1 1955
J July 1 1912
D Dec 1 1921

J

do
P Morgan

do
& Co. N V

In 1909, gross earn¬
REPORT.—Report for year 1909 in V. 90, p. 1421.
ings, $48,631,988; net, $12,652,523; other Income, $11,114,007; Interest,
rentals, &c., $12,884,863; loan ctfs. redeemed, sink, fund, &c., $2,545,760;
dividend (8%), $4,800,000; extraordinary exp. fund, $2,500,000; bal., sur.,
$1,035,907.—(V. 89, p. 847, 1668; V. 90. p. 237, 303, 914, 1421.)
PENNSYLVANIA MONONGAHELA & SOUTHERN RR.—Owns from
bank of Monongahela River, about 4 Mi miles southwest of West
Brownsville Station, Pa., along west side of Monongahela River, to mouth
of Little Whitely Creek, 18 miles. Stock, $650,900 and $635,000 bonds,
owned by Pennsylvania RR.
Bonds, see table above. Year 1909, gross,
$25,450; op. def., $172; other Income, $1,060; charges, $25,009; bal., def.,
$24,121.—(V. 86, p. 982.)
west

PEORIA & BUREAU VALLEY RR.—Peoria to Bureau Jet.. III.. 47
Leased In 1854 to Chicago Rock Island^ Pacific Ry for $125,000
yearly; dividends, usually 8% yearly, occasionally more; Feb. 1908, 1%
extra.—(V. 86, p. 169.)
miles.

PEORIA & EASTERN RY.—(See Maps N. Y.Cent. A Hudson River

RR.)
and has a lien of $5,Springfield. Ohio, 141 m.;
352 miles.

—Owns from Pekin, Ill., to Indianapolis, Ind., 202 m.,

000.000 on Springfield Division, Indianapolis to
trackage, Pekin to Peoria, 9 m.; total operated,

LEASE, 6bc.—Formerly Ohio Indiana & Western, sold In foreclosure \m

1890, reorganized per V. 49, p. 616.
Leased till April 1 1940 to Clev. Cln.
Chic. 6b St. L., which guarantees interest, but not principal, of the 1st oonsols and the underlying bonds, and owns one-half of the $lO,000,000 stock,
par,

Ind.

PENNSYLVANIA COMPANY.—(See Maps Pennsylvania RR.)—Oper¬
lines west of Pitts.
Owns none In fee.
Controlled by stock, Ac.;
Miles
Miles. Pitts. Cin. Chic. 6b St. L...*1,411.'.8
Cln.
&
PIttsb. Ft. W. & Chicago
*470.53
Muskingum Valley
*148.46
Massillon A Cleveland
12.23 Waynesburg & Washington.
28.16
45.44
Erie & Pittsburgh
*82.97 Cln. Leb. & Northern
Cleveland A Pittsburgh
*205.50 Grand Rapids & Indiana
431.64
Musk. Gr. Rap. A Ind
Leased directly by Pa. Co.;
36.85
Traverse City RR
Pitts. Youngs. & Ashta. Ry.*137.54
25.86
Cln.
Rich. A Fort Wayne. *85.83
Toledo Wal. Val. & Ohio
*234.26
Vandalla
RR
*655.30
Controlled by stock, or otherwise;

EARNINGS.—11

g
g
g
g
g
g

Commercial Tr Co, Phlla
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

June 1911-1916
Jan 1911-1916
To Nov. 1917

Q—F
Q—F

3H

&c..$31,110,978 $23,749,263 $28,072,938
$450,400
$659,131
$2,351,424

ates all the Pennsylvania Railroad
Leased by transfer from Pa. RR.;

p.

4M
3H
3H
3H
3H

Q—S
Q—J
Q—J
6b
6b
6b
6b
6b
6b
6b
6b
6b
6b
6b

1910-1912

May 1911-1913
Aug 1911-1913
May 1911-1915
Sept 1910-1915

Q—F

M
M

Plates Where Interest and
Dividends are Payable

Dec 1910-1912
Mch 1911-1913

Q—M

4 g
4
4
4
4
4 g
4.4
4 g

Last Dividend
and Maturity

Oct

Q—J
Q—M
Q—M
Q
F

g
g
g
g

48,262,548
635,000

Ry.,

See this company.

H
SH
3H
3H
3H

3H

over

OFFICERS.—Pres., James McCrea; 1st V.-P., Charles E. Pugh; 2d V.-P.,
Samuel Rea; 3d V.-P., J. B. Thayer Jr.; 4th V.-P., Henry Tatnall; 5th
V.-P. and Gen. Mgr., W. W. Atterbury; Treas., J. F. Fahnestock; Sec.,
Lewis Neilson.
New York office, 85 Cedar St.
Directors—Perclval Roberts Jr., N. Parker Shortrldge, Rudulph Ellis,
Charles E. Ingersoll, Clement A. Grlscom, Henry C. Frick, William H.
Barnes, Geo. Wood, C. Stuart Patterson, Effingham B. Morris, Thomas
DeWitt Cuyler. Jas. McCrea, Lincoln Godfrey, John P. Green. Charles E.
Pugh, Samuel Rea, John B. Thayer.—(V. 90, p. 1425; V. 91, p. 155.)

*

3

9,328.000
20,000.000

2,500,000

Bal., profit and loss Dec. 31

Youngstown & Ravenna

$900,000
1.500,000
1,500.000
1.500,000
600,000
1,500,000
4.200,000
2,000,000
6.000,000
24,800,000
11,000,000
134,000
2,000,000
19,467,000
4,602,000
9,145,000
4,727,000
9,890.000

1,023^000
1905
1907
1881

[VOL. LXXXXI.

AND BONDS,

$100. See “Supp. of Jan. 1894 as to provisions respecting any surplus
charges.
Company owns $125,000 stock of the Peo. 6s Pekin Union
on which 6% yearly was paid 1895-1902 and 5% In 1905. V. 74, p. 152.

BONDS.—See abstracts of mtges. of 1890 in V. 51, p. 246, and of Ohio
6s West, mtge., V. 47, p. 201.

INCOMES.—Dividend on
both inclusive: 1909, none;

Incomes. 4% yearly, paid April 1 1902 to 1908.
1910, 4%.

Gross, $1,312,668;

EARNINGS.—5 mos.,/1910
Jan. 1 to May 31.
\1909

net, $365,804

Gross.
1,107,569; net, 254,978
REPORT for 1909 was in V. 90, p. 699.
Cal. Year—
Gross.
Net.
Other Inc. *Charges.
Balance.
1909
$792,118
$18,824
$759,210 sur.$81,732
..$3,026,856
1908'
2,728,154
630,004
18,842
684,318
def.35,472
*
Includes $160,000 (4%) int. on incomes in 1909.—(V. 90, p. 447, 699.)

PEORIA & PEKIN UNION RY. —Owns Pekin to

Peoria, on both sides

of Illinois River, and yards at and opposite Peoria.
Mileage main track.
18 14; second main track, 8.80; total main track, 26.94 miles.
Mileage of
side and yard tracks, 67.38.
Capital stock, $1,000.000. Owned by Peoria

Cln. Chic. 6s St. L. system), Chic. A North Western. Chic.
Ill. Central system, Lake Erie 6b Western and Tol. Peo. 6i
West companies.
Dividends 1895-1902, 6% per annum: 1903, 4%: 1905.
5%
For calendar year 1909, gross, $821,717; net, $236,082.
Earnings for
year ending June 30 1908, gross, $1,042,415; net, $291,580; int. and taxes.
$224,163.
Pres., H. K. Pinkney.— (V. 85, p. 577.)
6b East. (Clev.
Peo 6b St. L.,

TERMINAL CO.—Owns terminal road between
private right of way, and local lines;
70-lb. rails. Has rights over 5 miles
privilege of transferring over 46 miles
additional.
Freight and through passenger business handled by steam.
Local passenger business In and between Peoria, Pekin and Crescent by
electricity.
Has union depots In both Peoria and Pekin. Owns a 1,000-ft.
steel drawbridge over the Illinois River.
Franchise perpetual. Successor
to Peoria 6b Pekin Terminal Ry., foreclosed Feb. 9 1907. Stock, $1,000,000,
all owned by Chicago R. I. 6s Pac. and Chicago & Alton, which guarantee
the 1st M. bonds, prln.and Int.
Form, V. 85, p. 161. For year ending
June 30 1909, gross, $158,049; oper. Income (after taxes), $1,863; Int.
charges, $46,174; bal., def., $44,311.
Pres., W. T. Irwin; Treas., Fred H.
PEORIA RAILWAY

Peoria and Pekin, Ill., 8 miles, over
total 21 miles; 29 4 miles of track.
of local street railway In Peoria.with

Smith.—(V.

91,

p.

215.)

PERE MARQUETTE RR.—The road

Lines owned—
Alexis (near Toledo) to
ton, on Lake Michigan

Miles.
Ludlng-

387

Includes:

Bridge and Niagara, N. Y
Plymouth to Bay View, Mich—412
Other trackage
Porter, Ind., to Gr. Rap., Mich.. 138
Saginaw to Port Huron
Pt. Huron to Grindstone City
Grand Ledge to Big Rapids
Allegan to Pentwater

90
126
142

127

Miles.

Trackage—
St. Thomas, Ont., to Internat’l
Controlled—
Lake Erie A Det. Riv
London A Port Stanley
La Cross to Mich. State Line

132
114
199
24
34

72
2,369
3721 Total
Operates car ferries Ludlngton to Milwaukee and Manitowoc.
Of the
2 369 miles, 34 miles, Lawton, Mich., to South Haven, are leased to the
Kalamazoo Lake Shore 6s Chicago Ry. for 25 years from April 15 1907
A 99-year agreement for trackage with the Mich. Cent, and Can. South,
from St. Thomas, Ont.. to Internat. Bridge and Niagara, 132 m..extends the
line easterly to Buffalo, from July 18 1904.
V. 77, p. 2097; V. 78, p. 2600.
Sarnia to Rondeau
Other lines, branches,

&c

ORGANIZATION.—Formed Dec. 11 1907 as a reorganization without
plan in V. 85, p. 41, 100, of the old Pere Marquette, which
was consolidated with the Pere Marquette RR. of Indiana, the lease to the
Cln. Ham. 6b Dayton being canceled.
(V. 85, p. 1519.)
STOCK.—The preferred consists of two classes, viz.: 4% first pref.
itock, cum. after 3 4 years, with preference also as to assets, and 4% nonforeclosure per

preferred as to assets.
Cincinnati Hamilton & Dayton owns $11,000,000 of the stock.
BONDS.—The refunding 4s of 1905 ($60,000,000 auth. issue: outstanding
$12,230,000, of which $9,207,000 are guar, by the Cln. Ham. A Dayton,
prin. and Int.
V. 80, p. 163; V. 89, p. 1668,

cum.

2d pref. stock, not

The

July, 1910. J

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

Miles
Road

first page]

Date
Bonds

Par

Amount

Rate

When

Value

Outstanding

%

Payable

Pere Marquette
(Concluded)—Underlying Bonds—
Det G R 8b W 1st cons (now 1st) M law money.OB.c*
373 1897
$500 Ac
Flint A Pere Marq mtge ($1,000,000 are 4s) gold-.c
286 1880
1,000
First consolidated mortgage gold
Ce.c*
404 1889
1,000
Pt Huron Dlv first mtge ($3,500,000) g
238
Ce.c*
1889
1,000
Toledo Division first mortgage gold
IB.c*
19 1897
1,000
Oh 8s N M 1st M gu p 8b 1 end by Ch 8b W M..OB.C*
89 1891
1,000
Equipment notes due $650,000 yearly
FC
1908
1,000
Pere Marquette consol M $50,000,000 auth.F.c8Br
1901 1,000 dsc
Lake Erie A Detroit Rlv Dlv coll tr M gold
G
199 1903
1.000
Collateral trust mortgage gold call par
1903
Saginaw Tus 8s Huron first mtge assumed
N
66 1900
1,000
Grand Rapids Beldlng 8b Sag 1st M assumed
28 1899
1.000
Pere Marquette of Indiana call 105 assumed
K.c* Text
1903
1,000
Kleybolte equipment notes
1905
RW'lnthrop&Co eq notes g$76,000 due s-a(V79pl642
1904
1,000
Marquette equip first mtge guar call at par
1900
1,000
Pullman Co car lease notes due monthly
1907—8
Am Car 8b Fdry Co equip notes $40,000' due semi-an
1908
L E 8b D R equip bonds $8,000 semi-annually
1904
Perklomen—1st M Ser 1 (1st loan) g gu p «b L.PeP.c*
38~.3 1888
100 Ac
First M Ser 2 (2d loan) g guar p 8b 1 (end)
PeP.c*
38.3 1888
1,000
...

_

m

—

—

— —

4
$5,379,000
A
5,000,000 4g A 6g A
5 g
M
2,850.000
3.325,000
5 g
A
5 g
400,000
J
5
M
1.667,000
6
M
1.300,000
8,382.000
4 g
J
3.000,000
4M g F
4 g
2.870,000
J
4 g
F
1,000,000
260,000
5 g
M
675,000
4 g
M
446 833
4K
684.000
4H g A

89.000
3.074,714

...

320.000
16,000

799,600
1,125,000
385,000

—

Peterborough RR—Stock (rental 4%)
Petersburg RR—See Atlantic Coast Line RR

100

Phlla A Balt Cent—1st M $2,500,000 ($1,200,000 4Ms)
PhUa Baltimore A Wash—Stock auth $25,350,450...
P W 8b B (old Co) plain bonds.. 1
)
Plain bonds
I All secured L.r
Plain bonds
)
L.r
by 1903
Plain bonds gold
I mortgage.
|_.r
Plain bonds gold
J
J._r
Balt 8b Potomac 1st M (tun) gold s f not drawn..xc*
First mtge road guar gold sink fd not drawn..xc*
First mortgage $20,000,000 gold
Q c*&r
Plain bonds gold due $500,000 yearly
c*
Phila & Ches V—1st M pref old 5s red '96 gold. PeP.c*
First mtge old 4s not pref Int reduced in '96
g. PeP.c*

74

1881

—

----

—

^

_

IK
92
214

1,000
50

1887
1887
1891
1892
1871
1871
1904
1909
1888
1888

1,000
1,000
1,000
1.000

1,000
1.000
1,000 Ac
1,000
500
500

The $5,000,000 6% 5-year debentures were Issued to
pay the floating
debt, receiver’s certfs. and other corporate purposes. V. 85, p. 1402.
The collateral trust gold bonds of 1002 (limited to
$2,870,000) are secured
by the entire capital stock ($1,400,000) of the L. G. A Det. Rlv.
Ry., the
National Trust Co., Ltd., of Toronto, being trustee, and are
subject to call
on any Interest day on 80
day's notice. V. 75, p. 1302; V. 76. p. 213.
Lake Erie A Detroit River Division mtge., V. 76,
p. 1356; V. 77, p. 89.
Pere Marquette RR. of Indiana 4s of 1903 were assumed
on consolidation
Dec. 1907.
V. 76. p. 919, 1193; V. 85, p. 469, 1519.
Marq. A Bes. Dock A Nav. 1st gold 4 Ms, due April 1 1933, $396,000, are
guaranteed jointly by P. M. and Bess. A Lake Erie.
They are subject to
call In whole or In part at 105, and 1% must be called
yearly for the s. f.
at the same price. If not purchasable at a lower
figure. V. 76, p. 480, 594,
706, 922, 1034. Form of guaranty, p. 1358. Also guarantees $100,000
M. A B. D. A N. deb. 5s, due Jan. 1 1935; debenture 5s of
1905. V.82,p.l61.
The $1,950,000 equip, trust 6s of 1908 are in two series;
“A,'' $750,000,
and ’•B.’' $1,200,000, maturing one-quarter
yearly, and are secured by
equipment costing $5,503,996 in 1903-04 and deposit of $375,000 refunding
4s, viz., $200,000 for “A” and $300,000 for “B” certificates. V. 86,
p. 548,
721, 920.

EARNINGS.—For 10
10 Months—
1909-10
1908-09

mos.

ending Apr. 30:

Gross.

Net.

Other Inc.

$13,373,900

$4,090,526
3,384,087

$63,553
227,619

Charges.
Bal., Sur.
$3,722,368 $431,711'

11,826,882
3,559,673
REPORT.—For year ending June 30 1909, V. 89, p. 913.

Year ending June 30—
Operating revenue
Operating expenses

Taxes

Other Income.
Interest
Rentals
Interest
Interest

on
on

on

bonds
bills payable
receivers' certificates.

_

Balance, surplus or deficit
Old Basis—

$14,629,827
10.581,580
576,893

Inc. (+) or
Dec. (—).
+ $875,845
+ 35,592
+ 23,654

$3,471,354

$2,654,755

238,209

+ $816,599

502,373

—264,164

$3,709,563
$2,941,151

$3,157,129

+ $552,434
+ $209,533
+ 24,833

699,066
11,690
17,005

$2,731,618
674,433
41,763
102,981

sur.$40.651

def.$393,667

1906-07.

Gross earnings
Net earnings—

52,033

1907-08.
$13,753,982
10,545,988
553,239

1908-09.

1905-06.

—30,073
—85,976
+ $434,318

1904-05.

$14,214,195 $13,430,170 $12,667,420
4.236.843
3,497,076
2,751,643

DIRECTORS.—Henry F. Shoemaker. Charles Steele, Geo.
Geo.

F. Baker’
VV. Young, Norman B. Ream, Geo. W. Perkins, F. D. Underwood
J. G. McCullough, G. A. Richardson, W. R. Cross, Frederick W. Stevens
E. R. Bacon, L. F. Loree, Walter B. Horn of New
York; Francis R.Hart
of Boston; O. G. Murray, A. Patrlarche and Geo. F.
Randolph of Balti¬
more; William Cotter and Henry B. Ledyard of Detroit.
Pres., William
Cotter.—(V. 89. p 913. 1281, 1543, 1598. 1668; V. 90, p. 303, 772.)

PERKIOMEN RR.—Owns from Perklomen Jet., Pa., to Emaus Jet., Pa.,
38.3 m.
Stock ($1,500,000, par value of shares, $50) owned
by the Read¬
ing Co. and mostly deposited under Its Jersey Cent, collat. 4% mtge of 1901.
V. 72, p. 283.
Reorganized In 1887.
In year 1906-07, gross, $571,159;
net, $349,747; Interest and taxes, $108,230; dividends (7%).
$105,000;
perm, improvements, $10,856; bal.,
sur., $125,662.—(V. 72* p. 283.)

PETERBOROUGH RR.—Wilton to Greenfield. N. H.. 10H miles.
Leased April 1 1893 to Boston A Lowell for 93
years at 4% on stock and ex¬
penses.
Capital stock, $385,000; par, $100; dlv., A. A O.
PHILADELPHIA & BALTIMORE CENTRAL RR.—West Phlla. to
Ootoraro Jet., Md., 63 m.; Wawa to West Chester,
Pa., 9 m. (double track,
11 m.); branch. 2 m.; leased, Chester Creek
RR., 7 m.; Phlla. Balt. A Wash,
holds $2,497,180 of the $2,499,174 stock.
For 1909 gross earnings $1,293,948; net (Incl.other Inc.),$192,635; charges, $218,960; bal.,
def., $26,325.

PHILADELPHIA BALT. & WASHINGTON RR.—(See Map Penn.RR.)

Lines owned—
Miles.
Phlla. to Washington, D. C., via
Balt. all( double track)
135
Bowie to Pope’s Creek. Md
49
Branches to Delaware City, 8fcc_. 43
Total

(*see

this

1
Lines controlled, leased, Ac.—
IPhlla. 8c Balt. Central*
|Delaware RR.*
j Delaware Md. & Va.*

lOther lines (5)

company)

80

249
98
54

708

ORGANIZATION.—A consolidation Nov.

1 1902 of the
Wilmington 8c Baltimore RR. and Battmore 8c Potomac RR.Philadelphia
V. 75, p
395, 1032; V. 82. p. 510.
See Washington Terminal Co. on another page.

STOCK.. Stock, authorized, $25,350,450;
outstanding Jan. 1 1910,
$25,138,000. of which Pennsylvania RR owned $25,135,475.
Dividends slnoe consol.. Dec. 31 1902 to Ju e 1910
4% yearly (s-a).
BONDS.—The first mortgage of 1904 ($20,000,000 authorized) Is a first
lien on the Philadelphia-Baltimore division
117 miles, all double-tracked
and also secures pari-passu the
$4,930,000 debentures of the former P. W. 8c
B.fsee p.4 of “Supp.”of Apr.1895), and Is a second lien on the line from Bal¬
timore to Washington.
Of the bonds, $10,570,000 were sold, the balance
being reserved to retire the debentures and Baltimore 8c Potomac bonds
V. 78, p. 49.
Mortgages. 8cc., 1909, $359,623.
The $5,000,000 serial 4s of 1909 are
to be secured by any new mortgage
V. 84, D. 1368; V. 85, p 284; V. 87,
p. 1605.
EARNINGS.—5 mos.,fl910^
.Gross, $7,430,394; net, $1,577,225
Jan. 1 to May 31.
\1909___
Gross. 6,944,394; net, 1,530,825
REPORT.—Report for year ending Dec. 31 1909 In V. 90, p. 841.
1




105

5
5
6
5
5 g

N

May 1 1939
O Apr 1 1939
J July 1 1937

N
S
J
A
J

May 1 1931
Mch 1 *11-*12
1 1951
Aug 1 1932
Jan 1 1923
A Aug 1 1931
S Mch 1 1924
N May 1 1943
Jan

April 1 1916

A
M

A

O Apr 11946
O Oct 1 1920

A
A

A

fig
4

A
A
A
A
A
A
A
A
A
A
A
A
A

Last Dividend
and Maturity

\

O Oct '10 Oct *14
O Oct 1 1910
To Jan 1 1914
A
o To Oct 1 1914
A
s To Mch 1 1911
—J
Jan 1 1918
—J
Jan 1 1918
4b
o Apr 1910 2%

Places Where Interest and

Dividends

Second Nat Bank. Boat
Morgan A Co, N Y
Central Trust Co. N Y
J P Morgan 4b Co, N Y
International Tr Co, Bost
Second Nat Bank. Bost
J P Morgan 4b Co, N Y
do
do
do
do
People*’ St te Bk.. Deft
J P Morgan 4b Co, N Y
International Tr Co, Bost
J P Morgan 4b Co. N Y
J P

R WIntbrop 4b Co. N Y
Second Nat Bk, Boston
Pullman Co
Chicago.
Bankers’ Tr Co, New Y'k
Detroit Tr Co, Detroit
Reading Terminal, Phlla
do
do
,

Nashua, New Hampshire

2,200,000 4M& 5 M
25,138,000 4 in 1909 J

4b
4b

N Nov 1 1911
Penn RR
D June 30191029) Broad St

1,000,000
1.000,000
930.000
1,000.000
1.500,000
3,000,000
11,570.000
5,000.000
280,510
100,000

4b
A
A
A
A
A
A
A
A
A

O
N
J
O
J
o
N
J
O
o

4
4
4 g
4
6
0
4
4
4

g
g
g
g
g
g
8 g

A
M
J
A
J
A
M
J
A
A

Year ending Dec. 31—

Rentals

Int.

on

on

basis net

Apr 1 1917

Payable

are

Co.

Phlladel
Phlla

Station,

Off. Phil: Kidd. Peab.Bos
Station, Phlla
do

Nov 1 1922
Jan 1 1926
Oct 1 1932

Broad St
do
do

July 1 1911
Apr 1 1911

jNat Mech Bank, Balto
\
A London
Am Ex N Bk, NY; A Ph
Broad St Station, Phila
Reading Terminal, Phlla

Nov 1 1943
Jan 1 '15-’24

Apr 1 1938
Apr 1 1938

1909.

1908.

do

do

do

1907.

1906.

$2,903,398
739,201

$3,052,045
743,051

$3,508,265

$3,642,599
$20,938
900,000
15,675
316,333
526,564
424,057
1,005,519
433,513

$3,795,096
$41,781
900,000

$4,284,821

$17,543,373 $16,126,570 $17,255,572 $15,941,241
$13,059,390 $12,285,374 $13,456,231 $11,599,989
l. 1,059,690
earn.
937,798
747,296
832,987

Investments, &c.

Total net Income
Fixed rentals
Interest on bonds
Ground rents, &c
Other Interest
Taxes
Rent, equipment, &c
Dividends (4%)

Extraord. expenditures.

$3,424,293
830,757

$4,255,050
1,100,000
17,175
15,090
552,366
460,147
1.005,519
622,281

776,556

14,496
303,703
498,564
65,200
972,630
998,720

$49,785
900,000
12,747
157,308
373,702
8,728

939,742
1,842,810

$482,472
r. 88, p. 686, 743;V. 90. p. 841.)

>

PHILADELPHIA & CHESTER VALLEY RR.—Road from Bridgeport
to Downlngton, Pa., 23.9 miles. Chartered In 1888.
Capital stock (par $50)
In common. $550,000; preferred, $205,100;
total, $755,100, of which Read¬
ing Company owns $454,450 common and $205,100 pref., $450,000
common
and $205,100 pref. being deposited under Its
gen. mtge. of 1897.
Reading
Co. guarantees
bonds, with int. reduced.

See V. 63, p. 1064.

PHILADELPHIA & ERIE RR.—Merged in Penn. RRi-V. 86, p. 1590.
PHILADELPHIA & FRANKFORD RR.—Owns from CrescentvlUe to

Frankford, Pa., 2.71 miles; 2d track, 0.10 m.; total tracks, 4.31 miles. The
$500,000 stock Is owned by Reading Co., of which $498,950 Is
deposited
under Its mortgage of 1897; prln. and 4% Int. Is
guaranteed by Reading Co.
Leased to Philadelphia 8s Reading Ry. for 999 years from

July 1 1907 for
on $500,000 first mortgage bonds and
$102,919 outstanding obliga¬
tions, any excess of net earnings to be applied to reduction of
principal of
tatter, and thereafter to dividends on stock.
(V. 67, p. 1358, 1357.)
Interest

PHILADELPHIA GERMANTOWN & NORRISTOWN RR.—Phlla., Pa.
Norristown and Germantown, Pa., 20.96 miles, second
track, 20.35 m.;
3d track, 3.02 m.;total track, 95 miles, leases
Plymouth RR., 9 m. Leased
on Nov. 10 1870 to Phlla. 8s
Reading for 999 years; rental.
to

$277,623, In¬

cluding $8,000 yearly for organization expenses.
PHILADELPHIA HARRISBURG & PITTSBURGH.—See page 165.
PHILADELPHIA NEWTOWN & NEW YORK RR.—Philadelphia to

Newtown. Pa.,22 mlles;2:it. track,3.45 m.; 3d track, 1.51 m.; sidings and
laterals, 4.24 miles.
Stock—com., $1,225,000; pref., $400,000; par, $50.
Of the bonds, $849,100 (with
coupons only partly paid—see V. 64, p. 331)
are owned by the Reading Co. and
deposited under Its gen. mtge. of 1897.
In Oct. 1898 Int. on $507,000 bonds was
reduced to 3% from April 1 1897
and made a first charge; remainder
5%, subject to said agreement.
V. 68,
p. 773.
Year ending June 30 1909, gross, $171,686; net,
$75,014.

PHILADELPHIA & READING RR.—See “Reading Company.”
PHILADELPHIA & TRENTON RR.—Phlla. (Kensington). Pa.,

to

Morrisville, Pa., 26 miles, mostly four-tracked.
On June 30 1871 leased for
Pennsylvania RR. at 10% on $494,100 stock, the balance.
$765,000, being owned by United New Jersey RR. 8c Canal Cb.
999 years to

PHILIPPINE RY.—Under a concession granted July 13 1906 by
the
Philippine Gov’t, In accordance with an Act of Congress of the United States
In 1905, and with the approval of the
Secretary of War, this company has
contracted to build lines of railroad In the
Philippine Islands as follows: Isl¬
and of Panay, 100 miles; Negros, 100
m., and Cebu, 95 m.
The construction
of 35 m. on Cebu is optional to the
company, which has the right under the
contract to construct an additional 25 m. of main line on each
of the islands.
Definite location surveys have been
completed as follows: Panay, 105
miles; Negros, 73 miles; Cebu, 80 miles.
60 miles of road on Cebu Is In
operation, extending from Danao to Carcar and 40 miles on
Panay. extend¬
ing north from Iloilo.
Additional sections amounting to 33 miles are under
construction on Panay, extending from the end of the
completed line to Captz.
ORGANIZATION AND SECURITIES —The company was
Incorporated
March 5 1906 under the laws of the State of
Connecticut with an authorized

capital of $5,000,000 and Is being

financed by a syndicate headed by William
Salomon 8c Co.
V. 80. p. 2622; V. 82.
p. 219. 752; V. 83, p 493, 970, 1412;
V. 85, p. 794; V. 87, p. 1358.
Under the terms of the concession the
Philip¬
pine Govt, guarantees int. on an Issue of 1st M
30-year
4% gold bonds, which may be Issued to extent of 95% of costsinking fund
of
construc¬
tion.
Any int. payments by the Government become a cumulative Hen on
the property, subject to the lien of the 1st M bonds.
The entire Issue of
bonds Is subject to redemption at 110 and Interest on
any Int. date.
Bonds
may also be drawn by lot at 110 and Interest for an
annual sinking fund
which must be established after July 1 1911 before
any dividends can be
paid on the stock.
The Government concession provides that In lieu of
aH other taxes the railway shall
pay M of 1 % of gross earnings per annum
during the life of the bonds and provides further suitable
restrictions for a
period of 50 years thereafter. The bonds have been accepted
by Secretary
of U. S. Treasury as security for Government
deposits in national banks.
DIRECTORS.—Gen. C. R. Edwards, Gen. T. H. Hubbard, Clarence
McK. Lewis, Major Frank McIntyre, Wm.
Barclay Parsons, J. G.
Alonzo Potter. Frederic H. Reed. William Salomon. Charles M. White,
Swift,
CorneUus Vanderbilt: Chairman, William
Salomon; Pres., Charles M Swift;
V.-P.. Frederic H. Reed and C. Lewis; V.-P. and Chief Engineer,
William
B. Poland; Treas., J. M.
Weinberger; Sec.. R. R. Hancock.
Office, 43 Exchange Place, New York City.—(V. 87, p. 1358, 1534.)
PITTSBURGH BESSEMER & LAKE ERIE RR —Bessemer. Pa., to Conneaut Harbor and Wallace Jet., Pa., 153
miles, of which 8 miles leased to
other roads; branches, 22 miles; leases Meadvllle Conneaut
Lake 8b Linesvllle RR.; Linesvtlle to Meadvllle, 22 miles:
trackage to Cascade, near Erie,
8bc., 12 miles: total, 209 miles (99 miles double-traoked).

RAILWAY STOCKS AND BONDS.

LOR
RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac,,

page]

Miles
Road

Philadelphia & Erie—See Pennsylvania RR
1
Phila & Frankford—First mtge $500,0001guar.GuP.c*
Phila Germ & Norristown—Stock rental P & R Ry-Philadelphla Harrisburg & Pittsburgh—1st M g_c* Ar
Phila Newtown & N Y—First mortgage gold (text) .c*
Philadelphia & Reading Ry—See Reading Company
.

1892

_

30

Philadelphia & Trenton—-Stock 10% rental Penn RR
Philippine Ry—Stock $5,000,000 authorized
First M$15.000,000 glnt guar s f red 110 Bax c* Ar*

m

1890

22

1892

26

.....

m m

9

Plqua & Troy—First mtge $250,000 gold guar p A l_.c
Pittsburgh Bessemer & Lake Erie—Common 5% rent
Preferred stock 6% cumulative guaranteed by rental
Pittsburgh Shenango A Lake Erie 1st M gold.Ce.c*
Consolidated first mtge tor $4,800,000 rold.Ce.o*
Pitts Bessf A L E oops mtge $10,000,000 gold-.Us.c*
Debentures gold $$,000,000 red (see text) —--UP
Shenango equip trust $75,000 part due yrly g—(JPi
Greenville equip trust $100,000 due yearly g—UPi
Butler equipment trust $2,050,000
.UPi
Pitts Bingh & East—First M $20,000,000 gold.—-K
Pittsb Chart & Yough—Gen M $1,000,000 g gu_-FPi
Pittsburgh Cincinnati Chicago & St Louis—Co>m stock

134
151
193
193

1890
1893

^

w

—

mmmm'
h

19

1,115
1,115

Preferred stock

580
116

/“A” gold-.c

I “B” gold-.c
Cons mtge $75,000,000 gold guarl "C” gold-.c
p & I (end) by Pennsylvania Co un-i ‘D” gold-.c
conditionally, all equally secured.1 •E” gold—c*

1897
1899

1899
1900
1901
1906

1892
—

...

.....

1883
1864
(1890

11892
1.115 (1892

‘

11895
11899
11903

•F” gold-.c*
*GM gold-.c*

11907

Payable

50
50

1,000
1,000
1,000
1,000
1,000
1,000
1,000

See text

250,000
10,000.000
2,000.000
3,000,000
657,000
6,343.000
2,000,000
219,000
1,000,000
2,050,000

100
100

1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1.000

O

23
RR
a

1901

1,000

Boat lines to

Steel Corporation.

BONDS.—Debentures of 1899 may be called since June 1 1909 upon
paying H % for each year of unexplred term.
The P. B. A L. E. mtge. of 1897 Is for $10,000,000 (trustee United States
TrustXo , N. Y.), covering all the railroad, property, rights and franchises
of the consolidated company, Including the agreement with the Carnegie
Steel Co.. Ltd., and the union RR. Co.
Of the 5s of 1897, $4,800,000 re¬
served to retire Pittsburgh Shenango A Lake Erie bonds.
company

EARNINGS (of B. A L. E.) (1909-10. Gross, $6,970,027; net, $3,224,424

July 1 to May 31.(1908-09-Gross, 5,270,777; net, 2,094,785
REPORT.—For year ending June 30 1909, Bess. A Lake Erie, gross, $6,060,454; net, $2,428,496. Cal. year ’08, gross, $5,240,951.—(V.75, p.1203.)
mos.,

PITTSBURGH BINGHAMTON & EASTERN RR.—To extend from
Clearfield, Pa., to Binghamton. N. Y., 225 miles, with 25-mlle branch to
Phllllpsburg, forming a short low-grade line between the bituminous^ coal
fields and New England and Canadian points.
In July 1908 about 22 miles
between Towanda, Pa., and Canton having been graded, bondholders
were requested to communicate with F. A. Sawyer, Canton, Pa., with a
view to reorganization and completion of road.
V. 87, p. 167. 227; V. 83,
p. 752, 1229.
On Sept. 5 1908 L. H. McFadden of Canton, Pa., and John
P. Reynolds Jr. of Boston were appointed receivers.
V. 87, p. 678.
In July 1909 the rolling stock was sold to satisfy a claim.
V. 89, p. 226.
Stock authorized. $20,000,000.
E. H. Gay A Co. were financing the
project. V. 87, p. 1011. As to Central Penn. Coal Co. and coal contract with
Pres. Llndsley
Penna. Beech Creek A Eastern Coal Co., see V. 83, p. 753.
Hooper. Boston, Mass.; Treas., C. F. Wright, Susquehanna, Pa.; Seo.,
John Whitmore, Rldgway, Pa.—(V. 87, p. 1011; V. 89. p. 225.)
PITTSBURGH CHARTIERS & YOUGHIOGHENY RY.—Owns from
Chartlers to Beechmont, 19 miles; trackage (Chartlers Ry.), 2 m.; 21 miles In
all.
STOCK outstanding Jan. 1910, $940,000, owned jointly by guaran¬
tors mentioned below.
Authorized stock $1,500,000. V. 82. p. 1269.
DIVIDENDS.—In 1895, 4%; 1896, 11%; 1897, none; 1898, 7%; 1899,
1%; ’00,4%; ’06, 6%; *07, 10%; 08,4%: ’09, 8%. Ofthe4s, half are guar¬
anteed (endorsed) by Pitts. Cin. Chic. A St. Louis, the other half by the
Pittsburgh A Lake Erie. See guaranty, V. 56, p. 650. In year ending
Dec. 31 1909, gross, $333,470; net, $150,526; other Inc., $1,287; int., Ac.,
$35,467; dividends (8%), $75,200: surplus. $41.146—(V 82, p. 1269.)

PITTS. CINCINNATI CHICAGO & ST. LOUIS RY.—(See Maps Pa. RR.
Lines leased (Continued)— Miles.
Miles.
9
Pittsburgh, Pa., to Chicago, Ill- 511 Ohio Connecting Ry
Rendoomb Jet. to Anoka Jet-- 166 Pitts. Wheeling A Kentucky
28
Bradford Jet. to Indianapolis-43
104 Ch Ind A E Ry (V. 84 ,p. 1183)
2
Indianapolis to Jeffersonville— 108 Eng. Connecting Ry. In Chic..
Lines owned.

244

Branches

Other lines

1

Operated under their own organ.
Total owned
1,133 Pittsburgh Chartlers A Yough21
logheny Ry
Trackage—Indlanap. to Kokomo
54
149
3 Clncln. A Musk. Val. RR
Other
Lines leased (*See these co’s).
Waynesburg A Wash. RR
28
•Little Miami
195
Total of all Dec. 31 1909 -.-1,666
ORGANIZATION, Ac.—Formed In 1890 by consolidation (per terms In
V. 50, p. 875) of Chicago St. Louis A Pittsburgh. Jeffersonville Madison A
Indianapolis, Cincinnati A Richmond and Pittsburgh Cincinnati A St. Louis.
Controlled by Pennsylvania Company, which on May 31 1910 owned $22,470.700 pref. and $21,909,300 common stock
STOCK.—Authorized: com., $45,000,000; pref., $30,000,000
Stockholders were offered In 1910 the right to subscribe for*$7,015,600
additional common stock at par, payable between Mch. 1 and Mch. 15,
raising the amount outstanding to $35,666,000. V. 90, p. 447, 303, 560.
The pref. stock Is “non-cum. and entitled to a dlv. of 4% per annum out
of the net earnings as declared by the board, with the right after 3% has
been declared on the com. to an additional 1 %, making 5% In all.”
After
5% on both oom. and pref., the two share pro rata.
STOCK OF OLD COMPANIES unexchanged Mch. $1 1910. Chic. St. L.
A Pittsb. com., $431,567, and pref., $2,235; all other cos., $99,989.
DIVID’S.— 1’97to’98. ’99. ’00. *01. ’02 to ’05. ’06.’07.’08. ’09. 1910.
Preferred (%) )
0
3
5
4
4 4 yearly. 4X
5
5
Below.
Common (%)-.j
0
0
0
1
3 yearly
4
4
4
Below.

pref., Jan., 2^% (s.-a.); April, 1H%; July, \ %%. On
April, 1M%; July, 1K%.
Dividends here¬
after to be quarterly.
BONDS.—The consol, mtge. for $75,000,000 (Farmers’ L. A T. Co. of N.
Y. and W. N. Jackson, trustees) oovers the entire property.
Sufficient
oonsols are reserved for the purpose of retiring all seotlonal bonds at ma¬
turity. at whloh time they must be paid off. Tne remainder are Issuable for
Improvements, additions, Ao. They are guar, unconditionally as to prln.
and lnt. by the Penn. Co.
The eight series are all equally secured. See
adv. in “Chronicle” May 21 1892 and guaranty on bonds.
V. 56, p. 604.
Due Penn. Co. Mch. 31 1910, $2,500,000.
In Jan. 1910 the sale of $4,000,000 ser.Gconsol. 4% bonds was authorized
to redeem the $1,967,000 Jeff.Mad. A Ind.7% bonds due July 1 1910 and
for other capital requirements; also $10,000,000 ser. H forelevatlon of tracks,
completing double-tracking, equip., Ac. V. 90, p. 303, 1555.
LATEST EARNINGS.—(1910
Gross, $16,791,691; net, $3,256,285
6 mos., Jan. 1 to June 30.(1909
Gross, 13,590,100; net, 3,032,933
In 1910 on

common,




Feb., 2 M% (s.-a.);

Maturity

4 g
3
6

MAN
A
A O
J
A D
A
A O
J
A
J
J
A
J
J
A D
A
A O
MAN
A
A O
A O
A
A
A O

5 g

6g
fig
fig
fig
fig
6 g
B ff
4 g

A

625,000

g A

A

Places Where Interest and
Dividends are Payable

Offloe, Phila
Bldg, Phila
rmlnal, ]

r

do

do

Bankers* Trust Co, N Y

J July 1 1937
Nov 1
Apr 1
Junel
Oct 1

1939

*10 1HK
1910
1940

S%

July 1 1943
Jan 1 1947
June 1 1919

Apr 1 1911-1913
May 1 1911-.20
Apr 1 1921
Oct

1 1932
1 1914
11940

do

Co, N Y
Plttsb'h
do
do
do

Pittsburgh,

Nov 1 1942
Nov 1 1945

Aug 1 1949
Deo 1 1953
Nov 1 1957

Pa

do
do
Union Trust Co. N
National City Bank. N
do
do
do
do
do
do
do

Apr 1 1942

O Oct

do
ed States Tr
Union Trust Co,
do
do
do

1 1956

Apr 1 1932
July 25*10 IH%
July 25’10 1)4 %
Oct
Jan
Oct

:k from Co’s office
do
do
;ral Trust Co, N Y

Y

do
do
do
do
do
do
do

Co's offloe, Plttsb'gh, Pa

1 1931

$1 37,000 b$4.577. 000.

ORGANIZATION. Ac.-A consolidation Jan. 14 1807.

11

J

See text

Canada, see V. 77. p. 1228; V. 78. p. 1358. 022; V. 61, p. 241. 795.
Of the stock, $5,500,500 common and $500,100 preferred are owned by
the Carnegie Co.
Leased for 099 years from April 1 1901 to the Bessemer
A Lake Erie RR., a subsidiary organization of the Carnegie Co., for 6% on
pref. and 3% on oom. stock. Interest on bonds and organization expenses.
Ac., the lease being guaranteed by the Carnegie Co. V. 72, p. 1S7. Through

Carnegie Co. Is controlled by U. S.

and

July 1910 2K?< Trees Pa RR Co. Phila

Q—J

4 g

169,000
35.666.000 See text.
Q—J
27,474,400 S in 1909
Q—J
1,506,000
A
A O
|5 g
3,000,000
J
A
J
Is
10,000,000
A
A O
[4K g
8,786,000
HH g A A O
L4X g MAN
1,379,000
4 g
a4,983,000
MAN
A A
b7.421.000
$H g F
4
A D
10.000.000
J
g
4 g
10,000.000
MAN

■H" gold-.c*

Ohartlers first mortgage assumed
c*
Ittsburgh Cleveland & Toledo—See Baltimore & Oh"
Sinking fund May 31 1010 held additional bonds.

10

5,000,000
6,184,000

See text

1,000

Last Dividend

4 g
F
A A Aug 1 1922
$500,000
12
2,246,900
Q—M June 4 1910 3%
5 g
2,000,000
A AO 15 Oct 15 1925
1,599,000 See text A A O Oct 1 1942

100
100

1,000

....

When

%

1,000
1,000

1899
....

Rate

50

1,000

...

Amount

Outstanding

$1,000

1907

...

^

Par
Value

....

47

—

neXreek—See
& Cumberland—See
Western
Maryland
Kedmont
Geneva Corning
& Southern

_

Date
Bonds

[Yol. lxxxxi.

ANNUAL REPORT.—Report for 1909 In V. 90, p. 972, 982.
Year ending Dec. 31—
1908.
Inc. or Dec.
1909.
Miles directly operated
1,469
1,472
—3
Gross earnings
$35,970,833 $31,075,098 +$4,895,735
Net earnings
$9,541,109
$8,237,067 +$1,304,042
Miscellaneous Income
298,680
—44,151
342,832
Total net earnings
Interest on bonds
Rentals paid.
Car trusts (Including Interest)
Interest, general account

Improvements, sinking fund, Ac
Dividends on preferred
Dividends

on

common

$9,839,789
$2,557,020
826,255

$8,579,899 +$1,259,890
$2,557,020
894,820
—68,565

897,031
874,910
105,682
189,919
2,683,977
1,473,082
(5)1,373,440 (5)1,373,132
(4)4)1.289,268 (4)1,145,882
-

-

+2,121
—84,237
+1,209,105
+308
+143,386

Balance, surplus
$107,116
$71,133
+$35,983
—(V. 89, p. 1668; V. 90, p. 303, 447, 560, 972, 982, 1555, 1614.)

PITTSB. CLEVE. & TOL. RR.—See Balt. A Ohio RR.—(V. 76. p.49.
PITTSBURGH FORT WAYNE & CHICAGO RY.—{See Maps Penn. RR.)

—ROAD.—Owns from Pittsburgh, Pa., to Chicago, Ill., and branch, 470
miles.
Double track, 470 miles.

LEASE, Ac.—Foreclosed Oct. 24 1861 and reorganized Feb. 26 1862.
From July 1 1869 leased for 999 years to the Penn. RR.; rental pays Interest,

sinking fund of debt and 7% on stock, payable Q.-J.
In July 1901 an extra dlv. of 2% was declared on both stooks. but It will
be paid on the guar, special stock only In case the courts so decide.
No de¬
cision to June 1910.
V. 72, p. 821, 1188.
CAPITAL STOCK.—The special improvement stock Is Issued to Penn.
RR. for Improvements, Ao.. under Article 16 of lease, which provides that
the lessor may Issue special bonds or stock.
See V. 50, p. 139, and wording
of endorsement In V. 56, p. 774.
The special stock Is In all respects sub¬
ject to the general or prior stock and to “the rights of holders of said general
or prior stock to hare distributed to them In quarterly Installments an annual
dividend fund of $1,380,000 free of all taxes.”
This special stock Is Issued
from time to time for betterments: In 1902, $1,418,300; In 1903, $2,010,400;

1904, $4,959,200; In 1905, $3,341,900; In 1906, $3,029,700; In 1907,
$1,431,900; in 1908, $2,681,300; in 1909, $1,552,800; in 1910, $1,654,100.
Of the $43,040,500 guar, special stock outstanding Dec. 31 1909, $39,109,400 was owned by Pennsylvania Co.
V. 75, p. 1087.
BONDS.—The first mtge. is In series of $875,000 each and 2d mtge. of
$860,000.
Of the above 1st mtge. bonds, $3,342,500, and of the 2d mtge.
$3,742,000 and $2,713,819 cash were in sinking fund Dec. 31 1909.
REPORT.—1909, lessee’s profit, $1,748,115; 1908, $1,563,072; 1907,
$1,057,406; 1906, $882,142; 1905, $567,118.—(V. 89, p. 104; V. 91, p. 155.)
In

PITTSBURGH JUNCTION RR— B. A O. owns all except $15,250 com¬
stock, $959,000 first 6s, $250,000 second 5s and $191,000 Terminal Oo.
See B. A O. and V. 69, p. 1063,1192, and V. 70, p. 77.

mon

5s.

PITTSBURGH & LAKE ERIE RR

— [See

Maps N. Y. Cent. A H. R. RR.)

—Owns from Pittsburgh, Pa., to Youngstown, O., 67 m., to be 4-tracked:
branch llpes to Newcastle, Ac., Pa., 6 m.; total owned, 73 m. (of whloh 70
double track); leases Pitts. MoKeesport A Yough. (which see), 109 m.;
Mah. State Line RR.. 3 m.; Beav. A Ell. RR.. 3 m.: Elw. Connecting RR.,
1 mile; Youghlogheny Northern Ry. 2 miles; total, 191 miles.
The road is operated In harmony with the N. Y. Central system, the L. S.
A Mich. Soul Ry. Feb. 1910 owning $10,500,200 of $21,000,000 stock.
In Jan. 1910 a 99-year traffic agreement was made with the Western

Maryland, which will build an 83-mlle connecting line with the Pittsburgh
A Lake Erie.
V. 90, p. 237.
P. A L. E. owns stock and securities of Pitts. Ch. A Yough. Ry., $470,000, and of Mon. RR., $714,000; Ellwood Connecting RR., $48,000; Ma¬
honing State Line RR., $96,750; Lake Erie Youngstown A Southern RR.,
$200,000. As to guar, of bonds of Mon. RR. see that co.'s statement.
In Nov. 1905 the holdings of the Little Kanawha syndicate, Including the
stocks of the Little Kan., Park. Bridge A Term., Burnsv. A East., Buckhannon A North., Belllngton A North, and Zanesv. Marietta A Parkersburg,
were acquired by the Pitts. AL.E., Pennsylvania and Balt. A Ohio.
V. 81,
p. 1436, 1493; V. 86. p. 981.
STOCK.—Stockholders were offered the right to subscribe for $6,000,000
new stock to Feb. 9 1910 at par, raising amount outstanding to $21,000,000.
V. 90, p.
168.
DIVIDENDS.— (’86 to *91. ’92 to ’06. '07. ’08.
1910.
’09.
Percent
11
10 A 40 extra
( 6 yearly.
10 yearly. 12
10
In 1910, 10% (5% F. A A.) and in Feb. 40% extra.
EARNINGS—5 mos., (1910
Gross, $6,676,984; net, $3,534,005
Jan. 1 to May 31.
(1909
Gross, 4,502,736; net, 2,133,117
REPORT.—Report for year ending Dec. 31 1909 in V. 90, p. 691, showed:
Gross, $14,838,948* oper. Income, $8,414,925; other Income, $247,423; int.,
rentals, Ac., $847,213; dividends (10%), $1,499,993; bal., sur., $6,115,605.
—(V. 87, p. 1301; V. 88, p. 296, 559, V. 90, p. 168, 691 )

PITTSBURGH McKEESPORT A YOUGHIOGHENY RR.—(See Maps
Y. Cent. A H. R. RR.)—Owns from Pittsburgh to Connellsville, Pa.»
56.83 miles; Belle Vernon Jet. to Brownsville Jet., Pa., 38.50 m.; branches,
14.06 m.; leases, 1.91 m.; total, 111.30 m., of which 80.62 miles double tr’k.
N.

LEASE.—Leased to Pittsburgh A Lake Erie RR. for 999 years.

Rental

stock, principal and Interest of the Pittsburgh McKeesport A
Youghlogheny bonds being guaranteed by Pittsburgh A Lake Erie ana Lake
Shore A Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds.
The guaranty of the stock is on the
express condition that the holder shall accept par for the same on July 1
1934
See wording of guaranty In V: 56, p. 774.
Stock authorized,
$4,000,000; first mortgage bonds authorized, $2,250,000; second mortgage
bonds authorized, $1,750,000.
Profit to lessee in 1909, $1,258, of whloh
one-half was payable to the Lake Shore A Michigan Southern.

Is 6% on the

July, 1910.j

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]

Miles!
Road

Pittsburgh Ft Wayne & C—Gen stock 7% gu Penn RR
Guaranteed special lmpt stock 7% guar by end-.

Date
Bonds

470
470

1871

First mortgage Series A to FI Sinking fund cumulal
470 1862
Second
do
Series G to M.J
tlve not drawn.c*J
470 1862
Third mortgage
470 1862
Pittsburgh & Lake Erie—Stock auth *30,000,000--191
Flrst mortgage gold
-c
73
1878
Second mortgage gold Series A and B
N.c
73 1889
Pittsburgh Lisbon & Western—See Wheel 6s Lake Erl
Pittsburgh McKees & Yough—Stock guar (see text).
1884
First mortgage guar by P * L B and LS&MS-.c
57
1882
2d M guar p & I (end) by P & L E and LS&MS-.c
57
1884
McKeesport 6s Belle Vernon 1st Mgold assum.-FPi
39 1888
Pitts Ohio Val & Cin—1st M gold s f not drawn.FP.c*
15 1890
Pittsburgh Painesville & Fairoort—See Baltimore & Ohio RR
Pittsb & Shawmut RR—1st M g red lOS-.Ce.c'&r’
1909
Pitts Shaw & Nor—Rec’rs ctfs *1,600,000 red. par...
1909
Receiver’s certificates, redeemable at par
1906
do
do
redeemable at par
1906
do
do
$1,500,000 auth, red text..
1910
1899
New mortgage gold *15,000,000
1902
Car trusts *34,000 due semi-annually.
1905
Car trusts (receiver's) gold due *84,000
1907
dd""
Pittsburgh Virginia & Charleston—See I
—

_

_

l

Par
Value

Amount

Rate

When

Outstanding

%

Payable

*100 *19,714,286 See
44,694,600 See

100
500 6bc
500 <Ssc
500 &c

Pittsb Term RR & Coal—West Side Belt

50
1,000

1,000
50

1,000
1,000

1,000
1,000

Pittsburgh & Western—See Baltimore & Ohio R
Pittsb Westmoreland & Somerset—1st M *700,00<
Pitts Y’ngt’n & Ash—Com stk *5,900,000 7% guar
Preferred stock 7% guar *9,100,000
Consol M s f 1 % not drawn

_

...

Fc

Plymouth & Middleboro—1st

M Int gu by Old Col-.
Pontiac Oxford & North—See Grand Trunk
Ry
Port Angeles Pac—1st M *2,000,000 g red at 105-.
Portland & Rochester—See Boston 6b Maine RR

Portland

25.6
139
139
125

139
15

1,000

383,000

1905

1,000

600.000

100
100

2,100,000
9,100,000
1.562,000
2,000,000

•

•

1,000
■

•

—

See text
See text

g

J
J
J
J
A

J
J
M
M

4b
6b
6s

S
J

4H

1910 5% Co's
1 1928
1 1928

1910 3%
1 1932
1 1934
1 1918
1 1920

do
do
do
do

Office.

do

Pittsburgh
do

Union

Trust Co, N Y
do
do
do
do
Fid Title & Tr Co, Pittsb
Broad St Station, Phlla

Dec 1959
June 1 1914
Sept 1 1910
Mch 1 1911

New York

Empire Trust Co, N Y

Aug 1 1915
Feb 1 1949
Feb 1 1952

Feb 1905 lnt last
paid
do
do
Sept’lO-Mch '12 Trust Co of America, N Y
Nov’lO-Nov 14 Guardian Trust Co, N Y

Sept 1 1937
July 1 1942

6s
6s
6>

1910 1
N Nov 1 1927
D June 1 1948
J Jan 1 1912

International Tr Co, Bkoet

6b

O Apr 1 1964

Oct 1904 coupon last paid

100
100

2;ooo;ooo

8
4 g

M

par, *100.
RR. EARNINGS.—12
mos.,11908-09..Gross, *836,465; net,
*11,512
July 1 to June 30.
j 1907-08.-Gross, 832,296; op. def,115,234
Other Income 1908-09,
*115,868; deduct’ns, *216,070; bal., def., *88,626.
For 11 mos. ending May 31
1910, gross RR. earnings, $1,056,218, against
*761,434 In 1908-09; net, $222,214, against $18,085.
REPORT.—For the year ending June 30 1908 (see V.
87, p. 1298),
railroad earnings were: Gross,
*831,717; oth. inc., *219,818; oper. exp. &
taxes, *737,818; total deduc., *165,522;
bal., sur., *148,195.
Net profit of
coal, 6sc., cos. controlled was *141,156;
surplus from all properties, *289,351.
OFFICERS.—Acting Pres., Frank S. Smith, 60 Wall St.—V. 91, p. 39.
PITTSBURGH TERMINAL RR. & COAL CO.—Owns *1,065,000 of the
*1,080,000 stock of the West Side Belt RR., having
a belt line extending
from Pittsburgh to Clalrton,
Pa., 20.6 miles ana Banksville
to
Banksville, 2 miles, with 13 miles of sidings, a total of 35.6 miles. June,
Owns In
fee about 15,000 acres of coal and 675
acres of surface lands
adjoining In
Allegheny County, Pa. V. 80, d. 1236; V. 88, p. 1254.
Capacity over
3,000,000 tons yearly.
V. 78, p. 703* V. 80, p. 1480.
F.
H. Skeldlng
and H. W. McMasters are
receivers of West Side Belt.
V. 86, p. 1590.
In 1904 the
Wabash-Pittsburgh Terminal Ry. (which see) acquired the
entire *14,000,000 stock.
V. 79, p. 1024, 2086; V. 80,
p. 1236.
The first 5s of 1902 are secured
on coal lands and by
mortgage of West Side
Belt RR., which guaranteed
them, principal and Interest, and
by pledge of
West Side Belt stock owned.
Of the 5s, $4,287,000 were
pledged under
the Junior 4 Hs, and
remaining *1,379,000 reserved for West Side Belt and
coal land mtges.
Of consols of 1905,
under Wabash 4H% notes of 1905. present Issue ($5,500,000) Is deposited
Pres., B. F. Bush.—(V. 88, p. 1254.)
PITTSBURGH WESTMORELAND & SOMERSET
RR.—Owns from
Ligonler, Pa., to Somerset, 25.6 miles; completed
In June 1906. Stock,
*700,000, all outstanding; par, $100. In Jan. 1910
controlling
Interest
In stock ($353,700) was sold
at auction; V. 90,
For year ending
p. 373.
June 30 1908, gross, *30,346;
op. def., $5,294.
Pres., J. Henry Cochran;
Sec. and Treas., L. H. Allen,
Ligonler, Pa.—(V. 81, p. 1849; V. 90, p.373.)
PITTSBURGH YOUNOSTOWN & ASHTABULA RY.—Owns
Kenwood,
Pa., to Ashtabula Harbor, O., 99 miles; Niles to
Alliance Junction, O., 25
miles; Homewood to Wampum June., 6
Castle, 3 miles; Bessemer Branch, 5 miles;miles; Lawrence June, to New
trackage, 1 mile.
Total, 139
miles.
Pennsylvania Company owns *5,775,000
of the pref. stock and also
the *2,100,000 common.
Leased to the Pennsylvania Co. for 999
years
from July 1 1910, the rental to
cover all charges, maintenance and 7%
dividends on both classes of
stock, the cost of betterments to be represented
by stock or bonds bearing such rate of dividend or
Interest as may be
satisfactory to the lessee. V. 90, p. 915, 1364.
DIVIDENDS.—On com., 1906, 6%; 1907 to March 1910,
7% (M. & S.)
June, 1 Y\% quar.
All dlvs. to be paid quar. hereafter at
7% under lease

do
do
do
do

1912
1912
1912

M
J
J

6s

o Oct

Q —M
Q —M

A

Pitts¬
When completed, after reorganization of Pitts.
Shawmut & Nor.,
Is to be merged with the latter;
Brockwayville
to Ramsaytown, 37 miles,
has been completed, and 36 miles further was
under contract In Sept. 1909.
In 1910 sold *3,000,000 of an authorized
*12,000,000 of 50-year 5% gold
bonds due Dec. 1 1959, but callable at 105; annual
fund *100,000
beginning Dec. 1914. The bonds will be secured on sinking
the
102 m., also
pledge of *11,953,000 of *14,491,000 ref. 4s and *58,000 road,
of
*164,000
Pitts.
Sh. & No. 1st 5s outstanding, pledge of entire
*3,607,200 Allegheny River
Mining Co. stock and two traffic contracts with the
Allegheny Mining Co.
and Pitts.
Sh.
&
No.
V. 90,
p.
1102,
1045." Stock authorized,
*15,000,000; par *100.—(V. 90, p. 1102, 1364.)
PITTSBURGH SHAWMUT & NORTHERN RR.—ROAD.—Projected
as
a short route from the
bituminous coal fields In Elk and Jefferson counties,
Pa., northerly to Macedon (on the N. Y. C. & H. R. RR.),
including branch,
350 m.
Operated, Wayland and Hornell, N. Y., to Knoxdale,
Pa., &c.,viz.
Owned—
Miles
Leased— (Concluded) —
M ties.
Wayland. N. Y., to Hyde, Pa
134 Brockwayville to Knoxdale, Coni¬
Olean to Olean Junction
9
fer and Ramsaytown
36
Kasson to Hazlehurst__
5
Trackage—
Paine to Cardiff
12 State Line Junction to
Coryvllle- 11
Brown Run Branch
2 Hyde to Brockwayville.,
7
Leased—
Brockport
to Horton City
2
Hornell Junction to Hornell-.-- 10
Croyland to Hallton
12
Total operated
240
As to allied Pittsburgh & Shawmut
RR., see that co. above.
ORGANIZATION.—Reorganized without foreclosure In 1901 under plan
In V. 74, p. 327,
only *164,000 of old *6,000*000 5% bonds not having
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
received Interest to Feb. 1905.
The old firsts of 1899 exchanged for the
bonds of 1902 have not been canceled.
V. 75, p. 291.
REORGANIZATION.—On Aug. 1 1905 Frank Sullivan Smith was
appointed receiver. No plan of reorganization to July 1910. In 1909
*1,600,000 5% receiver’s certfs. were authorized, of which
*525,000 sold to
provide chiefly for construction of State line branch, State Line June, to
Coryvllle, 11 miles, to replace trackage; remainder reserved to retire
*200,000 certificates due
Sept. 1 1910 and *575,000 March 1 1911, and Improve¬
ments.
V. 88, p. 1129, 1194.
In June 1910 *1,500,000 5-year 5% certifi¬
cates were authorized, dated
Aug. 1 1910, redeemable at a premium of 1 to
5%, for improvements to the mines of Shawmut and
Kersey companies.
Somewhat less than half had been sold
July 1 1910.
V. 91, p. 39.
Car
trusts of 1907 Issued by receiver.
V. 86, p. 169.
In Sept. 1908 *95,700
6% 3-year notes were authorized.
V. 87, p. 813.

1
1
1
2

A

6 g

burgh.

5 1910 1 H
1 1910 1H

5 g
7
7

100,000

Q —F
6s

1 1955

June2519101M Fanners’ L & Tr Co, N Y
June25

1,000,000
975,000

Places Where Interest and
Dividends are Payable

Maturity

1955

225 000

1,000

6s
6s
6s

M
J

1,000

•

Jan
Jan

D
D
S
s

5g

1904

•

July
July
July
July
July
Aug

&
6s
&
&

5 g
5 g

5
4 g
6

•

and

J July
J July
J July
J July
O Oct

A
A
S
N

1,000
1,000

1896

Last Dividend

6s
6s
6s
6s
6s

F
F
M
M

g
g
g

1887
1908
1892

PITTSBURGH OHIO VALLEY & CINCINNATI
road Bellalre,
O., to Powhatan, O., 15 m. Operated for cost byRR.—Owns
Penn. Co. in connection
with Cleveland & Pittsburgh since Dec. 1 1892.
Stock authorized, *1,500,000; outstanding, *300.000; par, *50. Trustee of
(for *1,500,000),
Fidelity Trust Co. of Phlla. Cal. year 1909, gross,mtge.
*70,392; net. *21,730.
PITTSBURGH & SHAWMUT RR.—Organized by the
Hubbard-ByrneSmlth Interests to establish an outlet to
Pittsburgh for the Pitts. Shawmut
& Northern RR., which see below.
Is building 102 miles of road from
Hyde, Pa., to Freeport, Pa., on the Penna. RR., 28 miles N. E. of




5
5
5
5
5
5
4
6

1,000

—

STOCK.—Authorized. *15,000.000; Issued, *11,700,000;

3,000,000
525,000
200,000
575,000

1897
1902
1905

& Runiford Falls RR—Stock *1,000,000-.

64

6
6
6
6 g
5 g

164,000
14,491,600
164,000
424.000

.

Q —J
Various
Various
A
&
O
F
&
A
J
6s
J
A
6s O

3,959,650
2,250,000
1,000,000
600,000
290.000

See text

1,000
1,000

m m

...

Q —J

7
7
5,160.000
7
2,000,000
21,000.000 See text.
6 g
2,000,000
2,000.000
6 g

_

Text
Text

text

text

5,250,000

....

*

107

do
do
do

do
do
do

Aug 1 1908 1% Portland, Me

Aug 1 1910 2%
do
N Nov 2 1926
Old Colony Trust, Boston

BONDS.—The first general
bonds of 1908 (*15,000,000, Issu¬
able In series at Interest rates to mortgage
be fixed from time to time) are free of tax In
Pennsylvania and Ohio; of the bonds *2,000,000 series
have been issued.
*1,562,000 are reserved to retire the old bonds and Athe
remainder for
construction and acquisitions.
V. 87, p. 416.
EARNINGS.—Report for calendar year 1907 In V. 87, p. 282. In 1909,
Gross, $5,354,464; net, *2,512,213; other
Income, $151,128; Interest on
bonds, $158,100; car trust payments, *17,712;
Interest on car trusts, *682;
hire of equipment,
*77,616; improvements *540,292; dividend on com. stock
(7%), *147,000; pref. div. (7%), *636,069;
bal., sur., *1,085,870. -V. 88.
p. 1314; V. 90, p. 699, 915, 1364.)
,

PLYMOUTH & MIDDLEBOROUGH RR.—Plymouth to
MIddleborough,
Leased to Old

Mass., 15 miles. Stock, *80,000.
from Jan. 1 1892, no rental to be

paid to Jan.

1

Colony RR. for 99 years
1917; thereafter lessee to

of gross
f>ay
30%and
earnings,
the on
lessee
guaranteeing at all times
nterest
not to
exceed 4%
stock.

payment of

PONTIAC OXFORD & NORTHERN
road from Pontlao.
Mich., to Caseville, Mich., 100 miles. RR.—Operated
The Grand Trunk took possession
Dec. 3 1909, having acquired
the entire *1,000.000 stock and
assumed the
$400,000 6% bonds.
V. 89, p. 1543.
For year 1908-09, gross,
$226,931;
net, *72,032; lnt., taxes, &c., *51,767;
bal., sur., *20,265.—(V. 89, p.1543.)
PORTLAND & RUMFORD FALLS RR.—Leases for
1,000 years from
April l 1907 the Portland & Rumford Falls
Ry. and the Rumford Falls 6s
Rangeley Lakes RR., together extending from
Oquossuc,
Me., to Rumford
Junction, 90 miles, with branch to Otis Falls, 10
miles; total, 100 miles.
Lease provides for interest on bonded
debt of two companies and
8% on
*2,000,000 stock of P. 6s R. Falls Ry. and
2% on *300,000 stock of R. F. 6b
Rangeley Lakes RR
The company is itself leased to the Maine
Central RR.
V. 84, p. 868; V. 85,
p. 922.
Incorporated Mch. 28 1907 with *1,000.000
authorized stock.—(V. 84, p. 932;
V. 85, p. 922.)
PORTLAND UNION RAILWAY
STATION.—Stock. *50.000. Bonds
guaranteed

jointly by Boston & Maine and Maine Central.
PORT READING RR.—Owns 21.21 miles of
road, completed Sept. 1892
from Port Reading June., N.
J., to coal
on Staten Island Sound; sid¬
ings and laterals, 49.55 miles; total, 70.76piers
miles.
*2,000,000; par, *100, all owned by Reading Co., Capital stock authorized,
$1,555,000 being deposi¬
ted under Its general
mortgage of 1897 and $440,000 under Its
Jersey Central
collateral mortgage,—(V. 55 p. 544,
639, 680.)
POTOMAC FREDERICKSBURG & PIEDMONT
gauge).—
Fredericksburg to Orange Court House, Va.,37.6 m. RR.—(3-ft.
Stock, *460,000; par:
*100.
Of the bonds ($750,000
authorized),
$450,000 Issued to refund
the old bonds which matured
and for Improvements and
and
remaining *300,000 are Issuable on vote of stockholders. equipment,
V. 89, p. 470.
Pres., L. Harry Richards; V.-P. and Treas., Geo. W.
Richards;
Sec.,
J.
L.
Savage. Office, Fredericksburg, Va.—(V.
89, p. 470.)
POTOSI & RIO VERDE RY.—Owns a
narrow-gauge road from City of
San Luis Potosl, Mexico, to Hacienda
Alvarez, 40 miles. Has
for 99 years
expiring Nov. 4 1985, when railroad becomes the concessions
the Mexican Government.
of
Pres., Robert S. Towne; Sec., R. property
E. Safford.
82 Beaver St., New York.

PROVIDENCE & WORCESTER RR.—Owns from
Providence, R. I., to
Worcester, Mass., 44 miles, of which 5 miles are
Providence; branches 7 miles; total owned 51 ownedjolntly with Boston &
miles; July 1 1892 leased for
99 years at 10% per annum on
stock to N. Y. N. H. 6s
H.—(V. 63, p. 1064.)
QUAKERTOWN EASTERN RR.—Quakertown to
Rlegelsvllle, Pa., 15
miles.
Not in operation since March 1908.
Sold under foreclosure
1910 to C. C. Harring,
May 6
representing the bondholders.
V. 90, n. 1297.
Stock, *180,000.—(V. 90, p. 1297.)
QUANAH ACME & PACIFIC RY.—Projected from
Quanah, Tex., at a
connection with the St. Louis & San
Francisco, to El Paso, 435 miles,
of which Quanah to Paducah, 43
m.. In operation Nov. 1909.
In Nov. 1909
application was granted to issue $1,159,000 bonds on
43 H miles from
Quanah to Paducah.
V. 89, p. 1281.
Sam
Pres.,
Lazarus, National Bank
of Commerce Bldg., St.
Louis, Mo.; 1st V.P. and Asst, to Pres., Charles
H.
Sommer; Sec. and Treas., T. H. Hawkins,
Quanah, Tex.—(V. 89, p. 1281.)
QUEBEC & LAKE ST. JOHN RY—On Feb. 7 1910
A. J. Gorrie of
Montreal was made receiver. V. 90,
p. 448, 628, 772, 1045.—See Can.
Nor.
QUEBEC MONTREAL & SOUTHERN
RY.—{See Map Del. & Hua.) —
St. Lambert, opposite Montreal,
through Sorel to Plerreville, and from
Noyan June, to St. Roberts June, on the aforesaid
line; total, 145 miles.
An extension will be built from
Plerreville to Chaudiere June.,
whence the
new Quebec
Bridge is reached, a distance of 92 miles,
of which 49
were
In June 1909.
The
completed
Naplervllle
Junction
Rouse’s Point to St. Constant, 27
Ry.,
miles, was also acquired by the Del.
&
Hudson, and trackage from St. Constant to Montreal
and from Rouse’s
Point to Noyan June., 16 miles; total to
be 380 miles.
Stock authorized, *2,000,000;
outstanding, $1,000,000* par, *100. In
Feb. 1908 *6,000,000 of 6% certificates
were issued to the
Delaware &
Hudson to cover advances for construction.
V 84, p. 338; V. 86. d.
285.
Pres., L. F. Loree.—(V. 84. p. 627.)
QUEBEC ORIENTAL RY.—V. 88, p. 1622; V. 90,
p. Ill, 1491.
“QUEEN & CRESCENT.”—Common name for Cln. N.
O. & Texas Pao.,
Ala. Gt. Sou., New Orl. & N.
E., Ala. 6b Vicks, and Vicks. Shreve & Pao.
RAHWAY VALLEY RR.—Owns Aldene, N.
on Central RR. of New
Jersey to Roselle Park on Lehigh Valley RR.. J.,
and Summit, on the Del.
Lack. & West., completed Aug. 1906.
V. 83, p. 380.
by Rahway
Valley Co., trustee. V. 80, p. 1729. Stock, *400,000,Oper.
all outstanding.
Bonds authorized, *400,000.
For year ending June 30 1909, gross,
*10,131;
net, *1,382.
Pres., Louis Keller, Springfield, N. J.;
Kenilworth, N. J.—(V. 88, p. 625; V. 90, p. 699.) Sec., H. F. Dankel,
RAILROAD SECURITIES CO.—Owns *9,200,000 Illinois
Central stock,
of which *8,000,000
pledged for Its Interest certs (see below.)
Union Paclflc on June 30 1909 owned *3.482.900 com. and
*1 935,900 pref. stock.
The *8,000,000 present issue of Interest certificates
(*20,000,000
author¬
ized) are secured by a like amount of Illinois Central
stock. Interest at 4%
(cumulative) being payable If received from dividends on the shares
pledged.

|

[Vol. LXXXXI

RAILWAY STOCKS AND BONDS

108

RAILROAD COMPANIES
see notes on first page]

[For abbreviations. Ac.,

Collateral trust

bonds $500,000 sinking

rtland On Ry Sta—Bds(not

mtg)Ser“A
„

Miles
Road

fund,

A”B” g s f

rt Reading—1st M g guar by old P & R
PeP.c* Ar
>tom Fred & P—1st M g red 105 since Dec ’OO.PeP
’otosi A Rio Verde—1st M $15,000 p m call 110.. .(i.c*

Providence & Springfield—See New York New Haven
Providence Terminal—See New York New Haven A
Providence A Worcester—Stock (10% rental)

Par
Value

1897

$500 Ac

$350,000

1904

500 Ac

500.000
300,000

1891
21
37
1909
40
1898
A Ha rtford

1,500,000
450,000
a568,000

Hartf ord

1,000

1897

100
100

1,000

1902
y.

200 Ac
200 Ac

*,1.000
1,000
1.000

—

Raleigh A Southwestern—See Chesapeake A Ohio
Rapid City Black Hills A West—1st M red text—cAr
Raritan River RR—First mortgage gold.
c
Reading Belt—1st M g $750,000 gup A1 (end) __GP.c*
Reading A Columbia—First mtge (ext In 1882)
c*

(extended In 1884 A 1004)—c

500
1.000
1,000
100 Ac

1909
1889
1900
1862
1864
1877

22
7.4
40
40

-

Reading Company—Common stock
First preferred stock 4% non-cumulative _ .
Second preferred stock 4% non-cumulative
Oen M $135,000,000 got not aubj to call-.Ce.c* Ar Text
Jersey Central coll trust mtge g red 105. _ PeP.c* Ar

1,000
1,000
50
50
50

_

1897
1901
1907
1900
1907

Payable

A
A
A
A
A
A

F
F
J
J
J
A

g

g
g
g

A
A
J
J
D
O

1,000 Ac
1,000

July ’27-Jan *29
Jan 1 1941
June 1 1949

Oct

1 1918

Portland, Me
do
do

and Boston
Reading Terminal, Phlla
Penn Co for Ins, Ac.Phlla
82 Beaver St. New York

June 30’10, 2 *4 Checks mailed
Hospital Tr Co.
Oct 1 1947

Prov. RI

July 2 1906 2H Checks mailed
do
Apr 1 1910 2%
Office. 120 B’way, N Y
Jan 1 1952

F
4 g
350,000
200,000 See text F
5 g
M
137,000
5 g
J
374,000
A
6 g
115.000

A
A
A
A
A

A
A
S
D

Feb 1 1956
Feb 1 1956
Mch 1 1943
June 1 1965
O Oct 1 1917

International Tr Co, Balt
do
do
Knickerbocker Tr Co.NY
Knickerbocker Tr Co.NY
New York Trust Co, N Y

M
5 g
350,000
J
6 g
400,000
M
4 g
750,000
5
M
650,000
J
4
350,000
6
J
1,000,000
70,000.000 6 in 1910 F
28.000,000 4 In 1910 M
42,000.000 4 In 1909 M
J
4 g
75.202.000

A
A
A
A
A
A
A
A
A
A
A

N
J
S
S
D
D
A
S
N
J
O

1 1939

Columbia Trust Co, N Y
New Jersey Title G A Tr

Sept 1 1950

Reading Terminal, Phlla

A

A

23,000.000
867,000

1,000

Aug 1 1927
Feb 1 1924-34

Places Where Interest and
Dividends are Payable

1.295.000
N neJunelO

A

4 g

8*| g
4 g

F

~

4H g J

Q—M
A

May 1 1939
Jan

do
do
do

do
do
do

Mch 1 1912

Sept 1 1912
Dec 1 1917

Aug 1 1910 3% Reading Term Bldg. Phil
do
do
Sep 101910 2%
do
do
May 10 1910 2%
J P Morgan A Co, N Y
Jan 1 1997
do
do
and Phlla
Apr 1 1951
Feb 1 1957
When drawn

Girard

Trust

Co.

Phlla

J

■

V,

4
4
4
5
4
6

lM,st Dividend
and Maturity

When

Rate
%

10
3.500.000
Q —M
A
A
O
4
1,500,000
3.486,420 See text See text
O
1,936,900 4 in 1909 A) A
A
J
4 g
J
SiOOO.OOO

100

51
51

Raleigh & Augusta—Raleigh & Gaston—See Seaboar d Air Line R
43
1906
Raleigh & Charleston—1st prior lien bds g red text.c*
43
1906
MConsol mtge bonds $1,000,000 gold red text
c*
1903
32
Raleigh & Southport—R A C F 1st M $310,000 g. K.c*
1905
61
Raleigh A Southport first mtge $2,000,000
K
1907
d4
do
general mortgage $200,000..N

Philadelphia Subway M $3,100,000 gold
PeP
Wllm A Nor stk tr ctfs g red 105 (V 72. p 340) .GP.r
Equipment trust Series E $5,300,000 (V 84, p 1308)
a $32,000 held by sinking fund June 30 1909.

Outstanding

1,000
1,000
1.000
1,000

87-’89

First M (refunding) cur $1,500,000 (V 03. p 1004) .c*
Railroad Securities—Stock common $10,000,000
Preferred stock 4% cumulative $10,000,000
Ill Cent stock Int certs cum gold Ser A red 105. .Us

Second mtge coupon
Debentures

Amount

Date
Bonds

maturity
937,1039.
yearly
(paid A. A O.) On common, 3*4% Deo 29 1905. July 1906, 2*4%.
RALEIGH A CHARLESTON RR.—Owns Lumberton, N. O to Marlon.
8. C.. 43 m.
V. 81, p. 1241. 1437. Stock authorised. $850,000.

the stock Itself being deliverable to the holders of the certificates at
unless the option to call at 105 Is In meantime exercised. V. 74, p.
Dividends on preferred In 1902 to Apr. 1910, both inclusive, 4%

Of the bonds (International Trust Co. of Maryland, trustee), $350,000
1st mtge. prim* lien 4s and $1,000,000 consols, the first ten coupons on
the latter to be paid In cash up to 4% as earned, the balance In 10-year 6%
Interest-bearing scrip, with Interest payable semi-annually and subject to
eall at par.
Of the consols $350,000 are reserved to retire
and $450,000 for future extensions and tmorovemcnts
V. 83. p 97.

are

the prior Hens

30 1909, gross, $73,868; net, $26,630.
Richmond, Va.; Sec. A Treas., W. R.
mond, Va.—(V. 82. p. 629; V. 83, p. 97.)
Year ending .Tune
boume M. Williams,

RALEIGH A SOUTHPORT RY.—Operates Raleigh, N.

Pres., LangStorrs, Rich¬

C„ to Fayette-

s. Ind. 2 m
of trackage:
of which LUllngton to Fayetteville,
vtlle.%64 miles,
■
30 m., was completed Aug. 1906.
Extension from Fayetteville to Clarkton, N. C., 45 miles, under construction In April 1910.
Successor June 1
1905 to Raleigh A Cape Fear RR.
V. 80, p. 2400. Stock $600,000.
Consols (see table above) are limited to $8,000 per mile (of which $1,000 for
equipment), except $30,000 to be Issued on bridge over Cape Fear River.
Or the bonds, $167,000 were reserved to retire the old bonds.
V. 82, p. 929.
.

B| EARNINGS.—12

mos.,/1909-10-

t..-prJuly'1 to June 30.

\1908-09

.Gross, $155,081; net, $59,759
Gross, 140,372; net, 50,807

F Year 1908-09, gross, $140,372; net, $50,807; charges and taxes, $38,399;
bal., sur., $12,409.
In 1907-08, gross. $120,905; net, $29,059. Pres.,
John A. Mills; Sec. and Treas., F. T. Ricks.
Office, Raleigh, N. C.—
(V. 82, p. 929; V. 86, p. 1226.)

RAPID CITY BLACK HILLS A WESTERN RY.—See page 165.
RARITAN RIVER RR.—South Amboy to New Brunswick, N. J.. 13
miles; branches, 9 miles; total. 22 miles. Stock authorized, $1,000,000:
Dividends paid In 1902-03 and 1903-04, 4%
Issued, $400,000; par, $100.
yearly; In 1904-05,4 *4 %; In 1905-06, 5 *4 %; in 1906-07,6 %: 1907-08, 5 *4 %;
Year ending June 30 1909, gross, $167,975; net, $65,993:
1908-09. 5%.
Interest, taxes, Ac., $31,705: dlvs. (5%), $20,000; surplus. $14,288.
Pres., Wm. G. Bumstead; Treas., Chas. H. Sisson.—(V. 85, p. 1463 )
READING BELT RR.—Belt railroad 7.4 m. In length around Reading,
Pa„ opened May 1902. V. 71, p. 751. Stock, $750,000. all owned by
Reading Company.
Road leased to Phlla. A Reading Ry. for 999 years
rom July 1 1902 for lnt. and taxes and 4% on stock.—(V. 74. p. 1090.)
READING A COLUMBIA RR.— Owns Columbia to Sinking Springs, Pa.,
40 miles; branohes, 14 miles; operates Marietta Junction to Chickies. 6 miles:
total operated, 60 miles.
Stock. $958,373 (par. $50), of which $788,200.
together with $9,500 1st mtge., $93,000 2d mtge. and $1,000 000 deben¬
tures. are owned by Reading Co., all except $3,200 stock and $58,000 2d
mtge., being deposited under Its general mtge.
Year 1907-08, gross, $319,174: net. $96,312; charges and lmp'ts, $153,293.—(V. 78, p. 1908.)
READING COMPANY—PHILADELPHIA A READING RY.—(See
Map.)—The Phlla. A Reading Ry. operates In connection with the g'-eat
anthracite coal properties of the Philadelphia A Reading Coal A Iron Co. In
the Schuylkill region. Pennsylvania, a system of roads centering at Phila¬
delphia, extending to Hazleton and Williamsport on the north, and westerly
to Harrisburg, Shlppensburg and Gettysburg In Pennsylvania and Wil¬
mington, Del., on the south; also easterly In N. J. to Atlantic City and Cape
May on Atlantic Ocean, and to Port Reading on N. Y. harbor, viz.:
Leased lines—(Con.)
Miles.
Lines owned in fee.
Miles.
7.4
Reading Belt RR
hll. to Mt. Carbon, Ac., and
9.4
branches
129.28 New York Short Line
2.7
1/cbanon Valley branch
59.26 Philadelphia A Frankford RR*
Lebanon A Tremont branch.. 51.76
Tot.
leased
(2d
track
322.2)
644.8
ilah&noy A Shamokln branch. 59.86
Entire stock owned—
chuylklll A Susq. branch
53.37
West

Reading branch

1.86

Chester A Delaware RR

3.1

Rupert A Bloomsburg

1.6

6.3
Total (2 tracks, 183 miles) .352.13 Mlddlet’n A Hummelst’n RR.
Tamaqua Hazleton A N. RR.
9.9
Lines leased—(See each Co.).
Controlled—
Colebrookdalc RR
12.8
Central
RR.
of
New
35.4
Jersey...
648
2
RR*
East Pennsylvania
4.5 Reading A Columbia RR.*
39.6
Allentown RR.*
13.7
31.5 Lebanon A other branches
Little Schuylkill Nav. A RR.*
39.1 Read. Marietta A Han RR..
5.9
Mine Hill A Schuy. Haven*._
9.4
North
East
Penn.
RR.*
25.5
New York Short Line
Phlla.
A
2.5
Chester
23.9
Valley RR.*.
Mt. Carbon A Pt. Carbon RR.*
3.8 Atlantic City RR. A branches* 166.5
Mill Creek A Mine H. RR.*..

Schuylkill Valley Nav. A RR.*
East Mahanoy RR.*
Shamokln Sunbury A L. RR *
Phlla German. A Nor RR..*
Chestnut Hill RR *
Catawlssa RR.*
Norristown June. RR
Norrist. A Main Line Conn—
North Pennsylvania RR.*
Delaware A Bound B. RR.*..

11.0 Cape May Del. Bay A Sew. Pt
10.9 Ocean Street Pass. Ry
31.3 Catasauqua A Fogelsv
RR..
29.9 Gettysburg A Harrisburg Ry.*
4.0 Perklomen RR.*
102.8 Phil. Newtown A N. Y. RR.*.
0.4 Port Reading RR.*

0.7
86.5
33.8

Pickering Valley
Stony Creek RR
Williams Valley RR
(•See this company.)
Total controlled
Trackage

6.3
1.5
30.9
31.1
38.1
21.7

21.0
li 2
10 0
n.O

Schuylkill A Lehigh RR.*
46.9
1,126.7
Phlla. Har. A Pitts. RR.*
47.7
27.1
Wilmington A North. RR.*.- 89.0
Phlla. A Reading Term. RR..
1.3
Total system July 1909 (2d track. 867.6 miles)
2.150.7
From the company’s docks at the extensive terminal at Port Richmond
It operates a line of steamers and barges In coastwise coal traffic and pro¬
vides berths with elevators, grain dner and accommodations for several

In Jan. 1901 control of Central RR. of
(V. 72, p. 86, 340, 392, 676; V. 73, p. 847.)
STOCK.—The company has the right to convert the 2d pref. stock Into
one-half first pref. ana one-half common stock.
See V. 64, p. 709.
trans-Atlantic

steamship lines.

New Jersey was




acquired.

ng 1
In foreclosure Sept. 23
V. 64. p- 709.

4 1833) and the P. A R. Coal A Iron Co. were sold
1896 and reorganized per plan In V. 61. p. 1109.
See
The “Reading Company” In the reorganization

acquired the security

holdings, real estate, equipment, Ac., of the old Phlla. A Reading RR. Co.;
also the $20,000,000 stock and $20,000,000 bonds of the Phlla. A Reading
Ry. and the $8,000,000 stock of the Coal A Iron Co.
The right to mine
coal, given by charter. Is protected by State Const, of 1873.
V. 82, p. 393.
Property of Reading Company.
Railway equipment leased to Ry. Co
$32,910,348
Real estate not appurt. to RR. (ann. revenue about $175.000).
17.092.575
Colliers and barges leased to Ry. Co. for $115,000 yearly
3.455.312
Leased and new equipment
P. A R. Ry. stock, $20,000,000,

and bonds, $20,000,000. par..
Philadelphia A Reading Coal A Iron stock at par
Miscellaneous securities at par (In 1896 yielded $765,000).
Mtges and ground rents at par (not under 1896-97 mtge.)
Int. In Phlla. A Reading Coal A Iron above securities owned
Claims against other companies. Ac

9.059.028

40.000,000

8.000,000

77.054.649

260.182

74.80 ,255
8,325 173

$270,957,523

Total June 30 1909 (see V. 89. p. 786)

Property of Philadelphia A Reading Coal A Iron Co.
Coal lands owned. 91.640 acres, with Improvements
$66,515,552
Coal lands leased. 7.323 acres.
Timber lands owned. $838,827; New York and Eastern depots,
$724,507; Western depots, $1,046,446: coal on hand and other
current assets,

$8,998,942; depletion fund. $401,302

Stocks and bonds of companies controlled, nearly
are collateral for loans created prior to 1896
Stocks, bonds and mortgages..
Total assets, per

books. June 30 1909

all of which

12,0-0,025
9,554,915
72.751

$88,153,243

$2,988,462
Offsets—Coll. s.f. bonds. $1,200,000. cur’nt Uabll’s. $1,788,462
SINKING FUND.—Whenever. In any year, a dividend Is paid on the
stock, an amount must be paid simultaneously to the trustee equal to 5
per ton on all coal mined by the Coat A Iron Co during the preceding
If the aggregate of dividends so declared exceeds that sum: otherwise
such lesser sum as shall equal the dividends so declared.
Under this pro¬
vision general mtge. 4s (not callable1 were purchased and canceled as fol¬
lows: 1900 to 1905, $2,464,000; 1906, $493,000; 1907, $454,000; 1908,
$544,695; 1909, $471,000; 1910, $434,000.
DIVIDENDS—
’01. ’02. ’03. *04. 05. ’06. ’07. ’08. ’09.
1910.
First preferred
% 434444444
4
Second preferred
% 0
0
4
4
4
4
4
May. 2
1*44
Common
% 0
0
0
0
3*44
4
4
4
6
On 1st pref.. 2% declared payable Sept. 10 1909 and 2% March 10 1910.
BONDS.—The General Mortgage 4s (abstract V. 64. p. 612) are secured
by a 2d mtge. and pledge of all properties and securities embraced In the re¬
organization. and also all other property acquired thereafter by use of the
new bonds.
The mtge. Is also subject only to the bonds for which reserva¬
tion Is made, based upon properties or securities of all the lines of railroad
owned. Including the Phlla. A Reading Ry. Co. proper. 365 m.; various
leasehold lines, 635 m.; all the property of the Coal A Iron Co., or the
securities thereof: equipment valued at about $18,000,000, also marine
equipment.
Also a first lien upon a majority of the stock of various com¬
panies owning 453 m. of railroad, and also on various bonds—list in V 64,
p 613, 709
Of the $135,000,000 4s of 1897. $50. *10.000 were In Feb. 1910

cents

year.

bonds and $2,000,000 for construction,
equipment, Ac., at not over $1,500,000 per annum; of the Issue, $4,8<S8,000
bad been canceled by the sinking fund and $1.5U0.000 of the bonds Issued
had not been sold.
V. 77. p. 2099: V. 83. p. 272: V. 84. p. 221
Improvement mortgage 6% bonds of 1873 due Oct. 1 1897 were extended
at 4% for 50 years from April 1 1897, payable In U. S. gold, and guaranteed
principal and Interest by the Reading Co. V. 64, p. 470* V. 65. p. 516.
The consol 5s of 1882 tor $5,673,042 were also extended at 4% till Moh 1
1937, the Reading Co. and the Coal A Iron Co. becoming responsible.
See V 65. p. 870, for contract.
V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64. p. 85. and V. 60. p. 732.
For ten-year sinking fund loan see Jan. 1895 "Supp.”
The bonds were In
1902 extended to Feb. 1 1932 at 4%. p. A 1 being guar, by the Reading Co.,
and sink, fund reduced to $30,000 yearly
V 72. p. 242; V 74. p. 206
The Philadelphia Subway Loan of 1894-98 Is payable after 10 years from
date In 20 annual Installments, to secure which $500 000, bearing Interest,
has been deposited, and $100,000 yearly Is being set aside In monthly In¬
stallments.
See V. 58. p. 1110; V. 62. p. 950; V. 63. p 881: V 71, p 768.
The Philadelphia Subway 3 *4s of 1907 are Issuable from time to time up to
a total of $3,100,000 to reimburse the company for Installments of one-half
of the city loan and Interest as paid, averaging $178,000 yearly until the
end of 1922
V. 81. p. 1437: V. 82, p. 281- V 84. p. 571; V. 85, p. 731.
The Jersey Central collateral trust bonds ($23,000,000 present issue) are
secured by deposit of $14,504,000 Cent. RR. of N. J. (cost $23,200,000) of
the $27,431,800 stock outstanding, $1,495,000 Perklomen stock and $440,000 Port Reading RR. stock, the remainder of the $45,000,000 authorized
being reserved to acquire the minority stock of the Central Co.
They are
subject to call (since Apr. 1906) on any interest day at 105 and Interest, on
60 days’ notice.
See abstract of mtge., V. 72, p. 487: V. 73, p. 847.
reserved to take up undisturbed

GENERAL FINANCES.—In Feb. 1910 the dividend rate on common
raised from 4% to 6%.
In 1909-10 the Central RR. of N. J. paid 4%

was

“special” dlvs., netting the company $580,160 on Its holdings. V. 90,p.1614.
LATEST EARNINGS.—From July 1 to May 31 (11 mos.) results were:
11 Mos.
P. A R. Ry.
Coal A Iron
Read. Co.
All Cos.
to May HI
Gross.
Net.
Gross.
Net.
Net.
Total Net.
$
$
$
$
$
$
1909-10_41,488,367 16,312,079 31,239,235 1,230,369 1,600,967 19,143,415
1908-09.36,877,795 14,817,660 32,838,555 1,639,934 1,413,302 17,870,896
Charges, all companies, 11 mos. 1909-10, $9,680,000; bal., sur., $9,463,415
do
do
do
1908-09, 9,608,958; bal., sur., 8,261,938

B1ON0D9S,

RSAATILONWCDKY

1|90.

July,







July, 1910.]

RAILWAY STOCKS AND BONDS.

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©AN ANTONIO

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MAP OF THE

ROCK ISLAND

LampazosJ




AND

ITS

LINES

CONNECTIONS

JiA V* IJ

ii

rPOOLE

BROS. CHICAGO.

i-ll-’lO

5236

112

Reading Company—(Concluded)—Old Phlla St Readin

M

Delaware River Terminal purch money M gold__c*
Delaware River Term ext purch money M gold__c*

«S

_

-

-

_

-

_

/__
$19,300 guar 6%_.
Consolidated mortgage $500,000 gold
Ce.c*8cr
General mortgage $4,000 000
Rich 6c Meek—First M $315,000 gold (V 69. p 391)..c
Richmond 6c Petersburg—See Atlantic Coast Line RR
Rich-Wash Co—Coll trust gold guar red 105__N.c*8cr
Rio Grande Junction—Stock
—
First mortgage gold guaranteed
Ce.c*
Rio Grande southern—First mtge gold $2,277,000 gu
Rio Grande Western—See Denver 8s Rio Grande
Rochester & Genessee Val—Stock 6% rental Erie RR

Rock Island Ark 6c Louisiana—See Chic R I 8s Pacific
(The) Rock Island Co—Common stock $96,000,000..
Preferred stock (see text) non-cum $54,000,000

1,000

1,000
1,000

•

_

----

•

100
100
100
1.000

1890
1903
1898

82
_

31

Various
1,000

1903-6 1,000 8bc
100
62 1889
1,000
180 1890
1,000
_

18

100

----

Bonds—See Chic R I 8b Pac RR, Chic R I 6b Pac Ry
Rock Island-Frisco Term—1st M gold guar Jointly. _c*

-

-

«

-

-

-

100 8sc

1855

97

Co an d Readin g Coal 6b Iro

that the R eadlng

ANNUAL REPORT.—Report for 1908-09 was given at length In V. 89,
774, 782, 843. See also editorial, p. 754.
Owing to changes In method, comparisons with 1906-07 are Inaccurate.
Years ending June 30—
1907-08.
1908-09.
1906-07.

Net

earnings..

34,618,844

37,689,649

38,703,969

$173,850

$324,772

$43,593

9,042,180

5,495,144

7,355,051

$23,851,891 $24,088,555 $23,190,315
15,282,645 15,184,497 15,893,129
1,120,000
1,120,000
1,120,000
1,680,000
1,680,000
1,680,000
2,800,000
2,800,000
2,800.000

Net earnings, all Cos
Fixed charges, taxes & sink, fund
Dividends on 1st pref. (4%)
Dividends on 2d pref. (4%)
Dividends on common (4%)

Surplus for year (all Cos.)

$2,969,246 $3,304,058 $2,697,096
from which were declared: Dlv.
March 1910, $1,120,000; on 2d
pref., payable Nov. 1909 and May 1910, $1,680,000, and 2% on com. stock,
paid Aug. 1 1909. V. 89, p. 782.
OFFICERS.—Pres., George F. Baer; V.-P. and Sec., W. R. Taylor;

Total surplus June 30 1909, $28,796,720,
on 1st pref. stock, payable Sept. 1909 and

H. E. Paisley; Comptroller, George Ziegler.
Directors.—George F. Baer, Henry C. Frick, E. T. Stotesbury, P. A. B.
Widener, Henry A. Du Pont, Henry P. McKean, Samuel Dickson, Oscar G.
Murray, Geo. F. Baker.
Office, Reading Terminal, Phlla.—(V. 90, p. 504,
699, 1297, 1555, 1614, 1677; V. 91, p. 95.)
Treas..

RENSSELAER & SARATOGA RR .—(See Map Delaware A Hudson.) —
Miles.

Leased—

Miles.

79 Albany to Waterford Junction
Ft. Edward to Caldwell
15 Schenectady to Saratoga
Vermont Line to Castleton, Vt
Eagle Bridge. N. Y., to Rutland,

Troy to Lake Champlain

12
22
7

62

LEASE.—Leased In perpetuity May 1 1871 to The Delaware & Hudson,
which, Dec. 1908, owned $800,000 or stock; rental, 8% on the stock and
Interest on bonds.
Guaranty on stock, V. 56, p. 773.

RICHMOND FREDERICKSBURG & POTOMAC RR.—Owns from Rich¬
mond, Va., to Quantlco, 79 miles; James River branch, 3 m.; leases Con¬
nection RR. in Richmond, 1.21 m.; total, 83 m.; double-tracked.
The
dividend obligations carry no voting power.
Rich. & Petersb. Connection
RR. stock of $140,000 receives 8% dividends under lease.
The R. F. & P.
RR. guaranteed stock Is secured by mortgage.

Richmond-Washington Co. (see below) in 1901 took

over

$947,200

of the $1,316,900 com. stock, the road being operated as part of “union”
line by Rich. Fred. & Potomac officials.
V. 74, p. 149.
DIV. on stock and! ’95. ’96. *97. ’98. ’99. 1900-04. **05 to’09.
1910.
8 yearly.
dlv.obllgat., %j 7
7
6H 7
7
4)
9 yearly.
*
Also In Jan. 1907 25% In dividend obligations.
V. 83, p. 1525.
BONDS.—Of the gen. 3 Ha of 1903 due Apr. 1943 ($4,000,000 author¬

ised), $3,500,000 were issuable for double-tracking and Improvements (of
which $2,680,000, outstanding, is owned by Richmond-Washington Co. and
pledged under Its mtge.; V. 81, p. 1178), the remaining $500,000 being re¬
served to retire the consol. 4 Ha at maturity.
See V. 77, p. 2388, 2391.
REPORT.—Year ending June 30 1909 showed: Gross, $2,026,325; net,
$728,638; charges, $140,162; additions and betterments, $31,851; dlvs.,
$325,044; bal., sur., $231,580.
In 1907-08. gross, $2,003,114; net. $576,291.
Pres., Wm. H. White, Richmond, Va.—(V. 84, p. 1183.)

RICHMOND-WAStjINGTON COMPANY.—Controls a “union” line.
Washington, D. C., to Richmond, Va., 115 miles, In the Joint Interest of the
following roads, viz., the Pennsylvania RR., Baltimore 6b Ohio RR., Atlan¬
tic Coast Line Co., Southern Ry., Seaboard A. L. Ry. and Ches. & O. Ry.,
each of which owns 1-6 of the $2,670,000 capital stock. Dlvs. In 1902, 3%;
1903 to 1905, lncl., 4% y’ly; 1906 and 1907, none; 1908 and 1909, 4%.
Incorporated on Sept. 5 1901 and acquired $947,200 of the voting capital
stock of the Richmond Fredericksburg 6b Potomac RR. and the entire stock
of the Washington Southern Ry., extending from the south end of Long
Bridge, across the Potomac River, to Quantlco. 36 miles.

The collateral trust 4s of 1903 ($11,000,000 authorized issue) are guaran¬
teed. Jointly and severally, prln. and interest, by the six roads named
above; of the bonds, $9,500,000 (Ser. A to D) have been sold for double¬
tracking and improvements. V. 77, p. 629, 695; V. 78, p. 584, 1393; V. 84,
p. 932.
This collateral consists of $2,680,000 Richmond Fred. & Potomac
gen. 3 Ha, $947,200 common and $236,800 dividend obligations and $3,880.000 Washington Southern 1st 4s and $3,880,000 stock (being entire Issues
of latter).
See form of guaranty. V. 77. d. 2391; V. 81. p. 1178.
Cal.
year 1909, int. on Investments and deposits, $534,495; Int., taxes, &c
$386,414; dividend (4%), $106,800; bal., sur., $41,281.—(V. 84, p. 93’.)

RIO GRANDE JUNCTION RY.—Owns road Rifle Creek, Col., to

a con¬

nection with the Denver & Rio Grande at Grande Jet.. 62 miles.
This I* a
connecting link in the standard-gauge route between Ogden and Denver
and Colorado Springs.
Leased by Colorado Midland Railway and Denver 6b
Rio Grande at 30% of gross earnings, which companies jointly and severally
guaranteed the bonds, principal and Interest. Of the stock the Denver &
Rio Grande owned $1,221,150 on June 30 1909.
First dividend, 1898.
80 cts.; 1899. $1 20; 1900, $1 96; 1901. $3 75; 1902, $4; 1903. $3 90; 1904
$4 25; 1905, $3 75; 1906, $4 25; 1907 to 1910, 5% yearly.
Year 1908-09.

$989,114; rental, $296,734.—(V. 78, p. 2385.)
RIO GRANDE SIERRA MADRE St PAC. RR.—See Mexico N. W. Ry.




A
A
A

A
J
N
J

n

J

5$

J

6 H
5
6

J

A
A

Q— F
M

6b

Phlla

City Treasury

Feb 1 1932

Reading Term Bldg, Phil
Del 6b Hudson Co, N Y

July 1 1910 4%
May 1 1921
July 1 *10 4 H %
July 1 ’10 4 H%
May 1910 4 H%
Apr 11940
Apr 1 1943

do

do

Richmond, Va
do
do

N Y, Phlla or Richmond
Richmond
J P Morgan 6b Co

New York Trust Co, N Y
June 1 1943
Feb 23 ’10 5% J Maitland, Coppell 6b Co\
Dec 1 1939
i 52 William St, N Y J

July 1 1940

J July 1910 3%

Q— F

text

and London

do
do
Prov Life 6b Trust.

To 1921

J
N
O
O
N Nov 1 1948

A

do

Reading Term Bldg, Phil

Nov 1 1905 1%

Maitl’d, Coppell6b Co,NY
Erie RR Co, New

York

Checks mailed
do

J Jan 1 1927
New York or St Louis
J July 1910 3 H% By check, Clinton, N Y
Aug 15 ’10, t y4 Grand Cent Station, N Y
do
S Sept 1 1910
do

Co shal 1 be respo nslble for all old

bonds marked

z

above

For year ending June 30 1909, gross, $576,152; net after taxes, $168,105;
other income, $11,795; interest,.rentals, 6bc., $202,929; deficit for year,
$23,029.
In 1907-08, gross, $605,753; net, $202,970.—(V. 89. p. 412.)

Reading Co.—Net Income.

gross,

6b
6b
6b
6b
6b
6b

Reading Term Bldg, Phil

RIO GRANDE SOUTHERN RR.—(See Map Denver A Rio Grande.)—

_

are

anty, V. 70,

p.

1295.

RIO GRANDE WESTERN RR.—See Denver A Rio Grande RR.
18

The

S Mch 1 1937
Q— F May 1 1941

Guarantee Trust Co, Phil
do
do

...$13,865,146 $14,506,582 $15,791,671
770,715
1,762,057

Net earnings.

Vt

N May 20 1942
J July 1 1942
O Oct 1 1933
D June 1 1911
O Apr 1 1947

to N. Y. Stockguaranteed
Exchangeby
V. 54,
1014.SeeOfguar¬
Elicatlon
In D.
p. G.;
446;VV.70,61,p.p.791.
the
onds, $2,277,000
6s R.

Expenses

Road owned—

A
A
A
A
J A
A
A
M
A

Owns narrow-gauge road Ridgeway. Col., southerly to Durango, 162 miles,
and branches. 18 m.
Stock. $4,510,000; June 30 ’09 $3,579,737. owned by
Den. A Rio Gr
See V. 63, o. 404.
Mtze. abtsract. V. 54. o. 163. and ap-

.$14,635,861 $16,268,639 $15,791,671
.$34,792,694 $38,014,421 $38,747,562

Total net Income
Coal & Iron Co .—Receipts

of 1897.

M
J

Places Where Interest and
Dividends are Payable

$39,496,546 $40,902,538 $43,528,936
25,631,400 26,395,956 27,737,265

Railway company—Receipts
Expenses (Incl. renewals, occ.)
Other Income (net)

3,000,000
345,360
10,000,000
417,800

100
100

.

6

90,742,100
49,845,100 See

1,000

1907

-

555.200

100
100

ir

...

Last Dividend
and Maturity

4 g
9,500,000
A
D
J
2,000,000 5 In 1910 Yearly
5 g
2,000,000
A
D
J
4,510,000
4 g
J
A
J

_

_

e

4 g
1,200,000
F
8
10,000,000
J
7
2.000.000
M
1,316,900 9 In 1910 J
1,794,300 9 In 1910 J
500,400 9 In 1909 M
500.000
4 H g A
3 H
2,680,000
A
4 g
315,000
M

100
----

_

Payable

500 8sc

1871

••

«,

When

%

Mortgag
$500,000
5g
5 g
809,000
5 g
2,696,000
18,811,000 6 g A 7
4
9,363,000
g
4 g
5,766,500
5 g
8,500,000
1,843,500 3 6b 3 H

1892

•

Stock guar 7% except

Rate

200 Ac

1873
1882
1891
*94-’98

192
79

.

Note—General mortgage of 1897 requL’es

_

Amount

Outstanding

$1,000
1,000
1,000

_

325
327

zPhlladelphla City Subway Loan guar $3,000,000
zPhiiadelphia & Reading Coal & Iron—
zCol 8 f gold loan (RR) guar p 8b 1 extended Inl902
Rensselaer & Saratoga—Stock 8% guar D 8b H (end)
First mortgage, interest rental
c*8cr
Richmond Fredericksburg & Potomac—Com stock..
Dividend obligations (same dlv as common stock). -

Rome St Clinton—Stock (rental guaranteed)
Rome Watertown 6c Ogdensburg—Stock guar (end)..

_

Par
Value

ds Under lying Genera I

—Bon
1892
1892
148 1868
254 1871
_

zMortgage loan of 1868 gold extended In 1893_ _c&r
zConsol mortgage ($8,162,000 are gold 6s)._FP.c6Br
zlmp M gold ext in ’97 (See V 65, p 870) g.PeP.c6br
zConsol mortgage 5s ext In 1897 (V 65, p 278)..c8Br
zTerminal mortgage gold (See V 64, p 85)
c* 8sr

First M Water 8b R, to be paid Sept 1

Date
Bonds

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

p.

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

ROCHESTER St GENESSEE VALLEY RR.—Avon to Rochester. N Y
m.

.

Leased 1871 in perp. to Erie Ry. Rental, $34,012.—(V. 79, p. 2458.)

(THE) ROCK ISLAND CO.—(See Maps,

pages

110, 111.)—Incorporated

In New Jersey on July 30 1902 and acquired, per plan V. 75, p 240, entire
stock ($145,000,000) of the Chicago Rock Island & Pac. Railroad (new com¬

pany), whose bonds, together with the stocks of The Rock Island Co., were
issued In exchange for $70,386,700 of the $74,859,600 stock of The Chic.

R. I. A Pacific Railway—which see.
In Aug. 1907 The Chic. R. I. A Pac. Ry. sold majority holdings In Chicago
A Alton stock to Toledo St. Louis 8s Western.
V. 85, p. 470.
In Dec. 1909 the $28,940,300 of the $29,000,000 St. Louis A San Francisco
common stock acquired in 1903 was sold.
The sale resulted In net reduction
of $9,864,180 In funded debt created on account of the purchase, relieving
the company of an annual fixed charge of $493,209.
V. 89, p. 1667, 1484.

STOCK.—Common stock authorized, $96,000,000; preferred, $54,000,000.
The stock of the controlled companies Issued and acquired, and
therefor, follow: V. 76. p.1408.
Total
Total
—Rock Isl. Co. issues—
June 30 1909—
issued.
acquired.
Common.
Preferred.
Ch. R. I. A Pac. Ry
$74,859,600 $70,386,700 $70,386,700 $49,270,690
St. L. A S. F. com. stock 29,000,000
28,940,300
19,534,700
The preferred stock Is preferred as to capital and also as to non-cumulatlve dividends at the rate of 4% yearly for 1903 and thereafter to and in¬
cluding 1909, then 5% for 1910 and thereafter to 1916, Inclusive, and there¬
after 6%.
The preferred stockholders are entitled to elect a majority of the
directors.
The authorized amount can only be Increased with the consent
of two-thirds of each class.
amounts of The Rock Island Co. stock Issued

DIVIDENDS.—Dividends on pref., Feb. 1903 to Nov. 1905, both incl.,
1% quar. (Q.-F.); none since to July 1910.
BONDS.—As to The Chicago Rock Island A Pacific Railway refunding
mtge. of 1904, see that Co. and V. 78. p. 228. 234; V. 79, p. 1716, 2206.
STATEMENT as to securities, rights of shareholders, 6bc., V. 75, p. 1157.
EARNINGS.—For results of operations of The Chicago Rock Island A
Pacific Ry. and Its leased and auxiliary lines, see that company.
The combined income account of The Rock Island Co. and the Chicago
Rock Island 8s Pacific Railroad for the year ending June 30 1909 (see report
in V. 89, p. 1139, 1163) Is as follows:
1908-09.
1907-08.
1906-07.
Dlvs. on C. R. I. 8s P. Ry. stock owned$3,690,372
$3,681,835 $3,850,858
21,731
Other income
32,296
21,560

$3,712,103

Total income

Expenses and taxes
...
Int. on C. R. I. 8s P. RR. bonds

$19,928

$3,714,131
$31,235
3,673,645

$3,872,418
$48,152
3,668,977

$12,209

$9,250

$155,289

3,679,966

Balance, surplus, for year
OFFICERS.—Pres., Roberts Walker;

V.-P., Sec. and Treas., Geo. T.

i![?rectors.—Wm.

H. Moore, D. G. Reid, F. L. Hine, Geo. G. McMurtry,
James Speyer, D. G. Bolssevain, Ogden Mills, E. D. Kenna, Roberts
Walker, Perclval Farquhar, F. S. Pearson, J. F. Thompson, New York;
R. R. Cable, James H. Moore, John J. Mitchell, E. D. Moore. H. U. Mudge,
Chicago.
New York office, 115 Broadway.—(V. 90, p. 1045.)

ROCK ISLAND FRISCO 1ERMINAL RY —Furnishes the St. Louis

and East St. Louis terminals of the Rock Island and St. Louis 8s San Fran¬

and the new freight station and yards in St. Louis, the Chlo.
St. Louis A San Fran, and Chic. A E. Ill. contributing pro¬
portionate amounts equal to operating expenses, taxes and fixed charges.
cisco systems,
R. I. A Pac.,

Will also construct about 30 miles of road.
Incorporated April 9 1906;
V. 84, p. 929.
Auth. stk., $5,000,000; outstanding, $500,000. The bonds
(see above) are jointly guaranteed by endorsement by the Chic. R. I. 8s
Pac. and St. Louis 8s San Fran. Co.
Merc. Trust Co. or St. Louis Is trustee;
V. 84. p. 571. 749.
Pres.. H. U. Mudge. Chicago.—(V. 84, p. 749.)

ROME & CLINTON RR.—Owns road from Rome to Clinton, N. Y., 13

miles.
Organized in 1869. Leased In perpetuity In 1891 to Delaware 8s
Hudson Canal (now D. A H.) Co. and oper. by N. Y. Ontario 8s Western. '

ROME WATERTOWN & OGDENSBURG RR.—(See Map N. Y. Central
RR.)—Owns from near Niagara Falls to Massena Springs. N.
Y., 301 miles, less 27 m., Richland to East Oswego, leased from tne Oswego
A Rome RR.. and Suspension Bridge to Lewiston Jet., 9 m.; and trackage to
Suspension Bridge, 2 m.; Richland to Rome, 41 m.; branches to Cape Vin¬
cent, Ogdensburg. Pulaski, Fulton, 8sc., 110 m.; total owned. 414 miles.
A Hud. Riv.

River RR. ($1,120,000 of $2,223,000 stock owned);
m.; Oswego A Rome RR.
($202,200 ol $214,900 stock owned), 27 m., and Niagara Falls Branch RR..
9 miles; Carthage Watertown 8b Sacketts Harbor, 29 m.; total, 629 miles.
LEASE.—In 1891 leased during corporate existence and renewals to N.Y.
Central, which assumes the debt and guar. 5% on stock; guaranty, see V.52,
p. 463.
Utica A Black River Is leased In perpetuity. •
In July 1910 $9,576,000 consols were outstanding, and authority was
asked to Issue $419,000 additional to refund $417,800 6s due Sept. 1 1910
Leases Utica 8s Black
Utica to Ogdensburg,

and Clayton branch. 150

>

and

Improvements.—(V. 91,

p.

95.)

July 1910.1j

RAILWAY STOCKS AND BONDS

i

RAILROAD COMPANIES

[For abbreviations, Ac.,

see notes on

first page]

Rome Watert’n St Old (Concl)—Con $500,000 3 HsF.c
Oswego Bridge Co first mortgage
Syracuse Phoenix A Oswego first mortgage
Me
Nor A Mont 1st M gold $360,000 ($10,000 pm)..N
R W & Ogd Term RR first M gold assumed
c*
Oswego & Rome 1st M 7s ($350,000) and 2d M 5s gu
Utica A Black Rlv stk 7% perpet guar byRW A O
U & B R 1st M $2,000,000 gold guar p A l__Ce.c
Romford Falls & R L—-Stock $300,000
Rumford Falls & RL first mtge gold sinking fund.

Mortgage, redeemable

Miles
Date
Road Bonds

All

1874
1885
1885
13 1886
7 1888
28 ’65-’91
150
150 1890

'27
38

Johnsb& Lake

Champ.-1st M ($1,328,000 gu) g.c*

131

100

100
500 Ac
500 ftc
100

1,000
1,000
1.000
1,000
1,000
1,000
1,000
1.000
100

4

1894

Belt

1,000
1,000
1,000

Gross, $1,196,773; net, $302,833

\1909

REPORT.—Report for calendar

Year ending
Dec. 31.

year

Gross,
1,109,464; net,
1909 In V. 90, p. 691:
Deduct—

1909.

1908.

Rentals, Ac..

RR. revenues $3,102,432 $2,755,204 Int. on bonds.
Net, after tax.
786,281
674,461 Improve’ts.Ac
839,072
720,447 Eq. bds., s. f.

Total net Inc.

1909.

$50,884
484,183

ioo",66o

260,631
1908.
$38,176
489,785
20,987

100,000

Balance, surplus
$204,005
$71,499
Directors—W. C. Brown (Pres.), Wm.‘ K. Vanderbilt, Frederick W*
Vanderbilt, J. P. Morgan, William Rockefeller, James Stillman and Chauncey M. Depew, New York; Perclval W. Clement, Rutland, Vt.; W. Seward
Webb, Shelburne, Vt.; Fletcher D. Proctor, Proctor, Vt.; Olin Merrill,
Enosburg Falls, Vt.; Robert Treat Paine 2d, Boston, Mass.—(V.90, p. 691.)
RUTLAND & WHITEHALL RR.—Owns N. Y. State Line to Castleton,
Vt., 7 m.
Leased Feb. 1 1870 In perpetuity to Rensselaer A Saratoga RR.
(rental. $15,342—6% on stock) and so operated by Del. & Hudson.
SAGINAW TUSCOLA & HURON.—See Pere Marquette RR.
ST. JOHNSBURY St LAKE CHAMPLAIN RR.—Owns Lunenburg, Vt..
to Maquan Bay, on Lake Champlain, 120 m., and branch from North Conoord, Vt., to East Haven, 11 m.; total, 131 miles.
The road Is operated In¬
dependently, although a majority of the stock Is owned by the Boston A
Lowell, leased to Boston A Maine.
Current liabilities June 30 1909, $598,169.
Stock, com., $2,550,000; pref., $1,298,500: par. $50.
In 1908-09,
gross, $333,581; net, $68,738; deductions. $135,550; bal., def., $66,812.
ST. JOSEPH St GRAND ISLAND RY.—Owns St. Joseph, Mo., to Grand
Island. Neb., 251 miles; Stout to Highland. Kan., 7 m. Trackage, St. Joseph
to Gower, Mo., 20 m., and Gower to Kansas City, 41 miles.
HISTORY.—A reorganization Feb. 23 1897 (per plan In V. 62, p. 784,
950) of the St. Jos. A Grand Island Railroad, sold In foreclosure.
Union
Pacific owns $3,080,000 common, $1,251,400 first pref. and $1,747,800
second pref. stock, mostly acquired In 1906.
V. 84, p. 52, 571.
STOCK.—Com., $4,600,000; 2d pref., 4% non-cum., $3,500,000; 1st
pref., 5% non-cum., $5,500,000. Issued, $5,498,500; par, $100.
DIVIDENDS (%)—
1 1898
1899
1900
1901
1902
None
On first preferred
5
5
/
3
3
5
Since.
BONDS.—Bonds for $1,000,000 can be sold only for new mileage at not
exoeedlng $6,000 per mile. See listing In V. 64. p. 1138.
EARNINGS.—11 mos.,/ 1909-10.
Gross, $1,501,977; net, $38,734
July 1 to May 31.
\1908-09
Gross,
1,464,969; net, 405,184
ANNUAL REPORTS.—Fiscal year ends June 30.
Report for 1908-09,
with balance sheet, was In V. 89* p. 1277, showing oper. revenue,
$1,570,380; net after taxes, $386,068; oth. inc., $31,099; charges, $270,043; bal.,
sur., $147,124.
In 1907-08, oper. rev., $1,609,617; net, $589,533.
Pres.,
; Sec. and Treas., C. C. Tegethoff.—(V. 89, p. 1142, 1277.)
1
ST. JOSEPH SOUTH BEND St SOUTHERN RR—Owns South Bend.
Ind.. to St. Joseph. Mich. 39 m.
Stock. $500,000 com. and $250,000 5%
pref.
Leased to Ind. Ill. 8b Iowa RR. (now Chic. Ind. A Southern) for 50
years from Feb. 23 1900, the Michigan Central assuming operation on Feb.
15 1905: 5% per annum on pref. and 2% on com. are
paid Mch. 15 and
Sept. 15. In 1905 and 1907 and Mch. and Sept. 1909 paid H% extra on
common.
No bonds.—(V. 85.
531* V. 89. d. 594.)
ST. LAWRENCE St ADIRONDACK RY.—(See Maps N. Y. C. A H. R.
RR-)— From Malone, N. Y. (on Mohawk A Malone) to Adirondack Jet.,
_

.

.

43 miles.

N

Y. C. A H. R. RR.

owns

entire stock.

Stock, $1,615,000; par of shares. $100.
Dividends, 1901. 2H%; 1902,
a3496: 1®P*.
1905. 1H%: 1906 and 1907, 5%; 1908, Dec. 31. 4%.
EARNINGS.—11 mos.,/1909-10
Gross, $569,107; net, $237,972
July 1 to May 31.
11908-09.
.Gross, 476,564; net, 176.597
In 1908-09. gross, $524,467; net. $194,495; other income, $2,678; deduc¬
tions. $193,367; bal.. sur., $3,806; div.
(5%).$60,794.—(V.87,p. 1605.)
ST. LOUIS BROWNSVILLE St MEXICO RY.—Owns Brownsville, Tex.,
Mexican
on
boundary line, northerly to Algoa. 344 m.; trackage to Gal¬
veston. Ac., 45 miles; branch from
Harlingen to Sam Fordyce, 55 m., was
opened In Deo. 1904, affording, via Nat. RR. of Mex., a through line to
City of- Mexico; branch from Bloomington to Port O’Connor, Tex., on the
Gulf of Mexico. 39 miles, opened Mch. 1910; total, 483 miles.
See V. 77,
p. 350; V. 79, p. 1024; V. 80, p. 652; V. 82, p. 693. Owns one-fourth In¬
terest In Houston Belt A Terminal Ry.
In Mch. 1910 merged with other
roads forming part of the New Orl. Tex. A Mexico division of the St. Louis
A San Francisco.
V. 90. p. 699.
Stock as reduced Mch. 1910, $500,000.




5 g
6 g
5
6

817,000
3,500.000
2,000.000
7,500,000
600.000
See text

4H
5
6
5
6
6

g
g
g
g

A
A
A
A
A

O July 1 1922
A Feb 1 1915
A Feb 1 1915
O Apr 1 1916
N May 1 1918
Various May 1 1915
M A
S Mch 30 ’10 3 H
J
A
J July 1 1922
F
<J
Aug 1 1910
A
A
O Oct 1 1937
M
A N Nov 2 1923
J
A
J Jan 15 *08 1
J
A
J July 1 1941
A
J
J July 1 1948
A
J
J July 1 1949
M
A
N Nov 1 1927
M A
S Mch 1 1920
J
A
J July 1 1951
M A N Nov 1 1911-16
A
A
O Oct 1910 1917
A
J
J July 1916
-F
15
QMay 15 ’10 1H
—

M
J
J
J
A
M

J
A
F
J
A
J

Places Where Interest an

Dividends

are

Payable

Grand Cent Station, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Portland, Me
Old Colony Tr Co, Boston

Portland, Me
Grand Cent Station, N Y
do
do

do
do

City Trust Co, Boston
Grand Cent Station, N Y
do
do
do
do
do

do
do
do
do
do

United Nat Bank,

Troy

A
A
A
A
A
A

S Mch 1 1944
J July 1 1952
J Jan 1 1947
J July l 1996
O Oct 1 1996
N Nov 1 1910
30 years

Company’s office. Boston

A
A
A
A
A
A

J
O
A
J
O

N Y A East St Louis, Ill
Farm LATrCo.NY; &StL
Farmers L & Tr Co. N Y
Hanover Nat Bk, N Y
do
do

Aug 11926

Oct
Feb

1 1930
1 1929

July 1 1955
Apr 1 *11-’12

JjJan

1 1934

New York
Central Trust Co, N Y
New York Trust Co, N Y
Trust Co of Amer, N Y
St Louis Union Trust Co

Illinois Tr Co, E St Louis

—

Miles.

-

Jan. 1 to May 31.

800,000
400,000
1,600.000
As COllat’l.

5 g

A
F
F
A
M

Last Dividend
and Maturity

Of the $25,000,000 bonds auth.in Mch. 1910, $10,200 000 are Issuable to
refund the $3,000,000 5s called for payment May 2 1910 and provide for
floating debt and various Improvements. When Issued they will be pledged
under the new St. L. New Orl. Tex. & Mex. Div. 5s. In Apr 1910 $7,256,000 were authorized to be Issued by Texas RR. Comm.
V. 90, p. 1171.
EARNINGS.—11 mos.,/1909-10
Gross, $1,471,949; net, $334,668
July 1 to May 31.
11908-09
Gross,
1,194,672; net, 344,988
(V. 90, p. 772, 1171.)
ST. LOUIS EL RENO & WESTERN RY.—Guthrie to El Reno. O. T„
42 m.. opened In 1904
Ft. Smith & West, acquired 51 % of stock In 1906.
Stock, $970,800 July 1908.
Bonds are subject to call at 102 H on any
int. day, beginning July 1 1913, or at any time at par If an extension is ar¬
ranged at a lower rate of Interest. For year ending June 30 1908, gross,
$49,667; net. Income, $1,511; lnt., taxes, Ac., $47,291; bal., del., $45,780.
Pres., J. C. Van Riper.—(V. 83, p. 272.)

[See Maps N.

EARNINGS—5mos.,/1910

A3K

4
4 g

1,000
1,000

Y. C. A H. R. RR.)—468 miles, viz.:
Leased, Ac.—
Miles.
Bellow's Falls, Vt., to Ogdens¬
Lines to Ticonderoga, Ac__
18
283
burg, N. Y
Trackage (for pass, trains only)
to Montreal
Rutland, Vt., to Chatham, N. Y.114
53
Owns entire $100,000 stock and $100,000 4% bonds of Rutland & Noyan
RR.. entire $1,000,000 stock of Rutland Transit Co. and entire $300 000
stock Ogdensburg Term. Co. V. 75, p. 1029* V. 73, p. 437; V. 72.
p. 88, 822,
Jan. ’05 N. Y. C. A H. R. acquired $4,704,100 pref. stk. V. 82, p. 934.
STOCK.—In Jan. 1910 all but $199,400 com. stock had been exchanged
fo!T pref.—10 of com. for 1 of pref.
V. 72, p. 439.
Dlvs. on pre-\ ’97. *98, *99. *00. *01. *02. *03. *04. *05. 1906-*08. ’09. ’10.
ferred
122343100 1 VS(Jart.)
%/
0
0
Accumulated dividends on pref. said to aggregate 186% Jan. 1910.
BONDS.—The Rutland treasury Jan. 1 1910 held all the $500,000
Chatham A Leb. 4s and $50,000 Ogdensburg Terminal 4s.
—

5

2.500,000
1,142,000
4.000,000

1,000
500 Ac
1,000
1,000 Ac

$516,000.
V. 90. p. 977, 1555.
Pres., F. W. James; 1st V.-P. and Gen.
Mgr., Ed. S. Hughes; Treas., Henry James.—(V. 90, p. 977, 1555.)
Lines Owned—

Payable

1,000

ROSCOE SNYDER St PACIFIC RY.—Owns Roscoe, Tex., to Fluvanna*

RUTLAND RR

When

%

6
$100,000
6
175.000
5 g
130,000
5 g
375.000
750.000 5g A 7
7
1,103.000
4 g
1,950.000
2
300.000
5 g
400.000
4
300,000
9,057.600 See text
3,494,000
4H g
4 g
4,400.000
4 g
1,350,000
500.000
4H g
5 g
500.000
500.000
4 g
148.000
4K g
407.000
4H g
4
60,000
6
255.700
RR

1,000

50 miles.
As projected will extend from Roscoe. Tex., to Portales, N. M.»
230 miles.
Stock, $50,000
First M. for $157,511 to St. Louis Union
Trust Co., as trustee, secures a 1st M. lien to Texas A Pacific Ry. on 49.6
miles from Roscoe, Tex., to Portales, N. M.
Other bonds Issued July 1910,

RR

Rate

See text

1,000
1,000

1897
1903

Johns River Terminal—First mortgage
1902
N
Jos St Grand I si Ry—1st M $5,000,000 g..Ce,c*&r
251 1897
Lawr St Adirondack Ry—1st M $800,000 gold. N.c*
43 1896
Second mortgage $400,000 gold
43 1896
N
St L Br & Mex—Notes $3,000,000 authorized
SSt
New mortgage, $25,000,000, authorized
St lx>uis St Cairo—See Mobile 8s Ohio
St Louis Bridge—See Terminal Railroad Association Of St Louis
St Louis El Reno & W—1st M $817,000 g red
42 1906
(text)
St Louis Merchants* BrTerm—1st Mgup 41 g-.SSt.c
1890
Merch Bridge 1st M red since Feb 1 1909 at 110..SSt
1889
St Louis Rocky Mt St Pacific—1st M gold s f.Mp.c*4r
1905
Secured coupon gold notes due part yearly red._Ba
1909
St Louis St St Libory—1st M $600,000 gold red text s f
1909

Amount

Outstanding

$1,000

"l7

397
Rutland—Stock cum 7% pref (for common see text)
First consol mortgage for $3,500,000 gold..Us.c*Ar
120 1891
127 1898
Ogd A L Ch 1st M $4,400,000 gold assumed. .Ce.c*
Rut-Can first M gold assumed $1,350,000—OB.c*
43 H 1899
59 1897
Bennington A Rutland—1st ref M g assumed N.c*&r
Second M g assumed subj to call since 1901..N.c*
59 1900
Chatham & Leb Val 1st M $500,000 g p & 1 guar__S
58 1901
1901
Equipment trusts gold maturing $33,000 yearly—
1902
Equip trusts $1,000,000 g $100,000 yearly.. AB.c&r
Ogdensburg Term Co Mint guar s f $10,000 yearly
7
Rutland St Whitehall RR—Stock (no bonds)
St Clair Madison St St Louis Belt—See Missouri A IU1 nols B ridge
Sag Tuscola & Huron—See Pere Marquette RR.

St
St
St
St

Par
Value

113

ST. LOUIS IRON MT. & SOUTHERN RY.—See Mo. Pac. Ry. system.
ST. LOUIS MEMPHIS & SOUTHEASTERN RR.—Merged In 1907 in
St. Louis 8b San Francisco.—(V. 85, p. 531.)
ST. LOUIS MERCHANTS* BRIDGE
TERMINAL RY—ORGANZATION.—Double-track road from near Union Depot, via Main St., Hall
St., Ac., to Ferry St., opposite the Merchants’ Bridge, 5.91 m.: It owns and
controls the Madison Ill. 8b St. L. Ry., 1.91 m.: total, 7.82 miles.
Leases
Merch. Bridge (1.90 m.) for lnt. on Bridge Co.’s $2,000,000 bonds.
Stock
authorized, $3,500,000; Issued, to June 30 1908, $2,939,500: par, $100;
of this the Terminal RR. Association owned $1,826,200 March 1908.
On June 30 1907 there was due to Term. RR. of St. L. $935,764 for ad¬
vances under its guaranty.
In Nov. 1893 Term. RR. Assoc’n of St. L.
guaranteed by endorsement the prin. and lnt. of Its $3,500,000 1st mtge.
bonds and the interest on $2,000,000 Merch. Bridge 6s
EARNINGS.—11 mos.,/1909-10
Gross, $1,626,201; net. $600,380
July 1 to May 31.
Gross,
11908-09
1,232,794; net, 423,873
Year ending June 30 1909, gross, $1,333,977; net, $443,244; other Inc.,
$548,584; charges, $851,555; bal., sur., $140,273.—(V. 81, p. 32.)
ST. LOUIS ROCKY MOUNTAIN St PACIFIC CO.—Company owns
In fee 191,895 acres of coal lands and coal rights and surface necessary for
mining In 328,430 acres additional, east, west and southwest of Raton,
Colfax County, N. M.
350,000,000 tons of high-grade bituminous coking
coal, measured by borings. In 42,800 acr«*s of proven territory, with large
reserve tonnage in the remaining 477.000 acres.
At Brilliant, Van Houten

and

Koehler the

mines of

company has in operation 10 electrically-equipped coal

a present producing capacity oFt ,600,000 tons of coal per annum,
operation at Gardiner and Koehler coke ovens of 180,000 tons’ annual
producing capacity.
Affiliated interests control large timber properties
tributary to the company’s railroad, and to develop same have built the
Cimarron 8b Northwestern Ry., from Cimarron to Ponll Park, 22 miles.
The St. Louis Rocky Mountain A Pacific Company owns also all of the
securities of the St. Louis Rocky Mountain 8b Pacific Railway Co., a stand¬
ard-gauge railroad 106 miles in length from Des Moines, N. M., westerly to
Raton and thence southwest to Koehler. Vermejo and Cimarron and up
Cimarron Canyon to Ute Park, In the Baldy mining dl-rtrict.
Connections
are made with the Colorado 8s Southern at Des Moines, with the Santa Fe
at Raton and Preston, with the El Paso A Southwestern at Vermejo and
with the Cimarron A Northwestern at Cimarron. (See V. 81. p. 265, 900.
1376; V. 82, p. 335; V. 87, p. 1364; V. 88, p. 296.)
STOCK.—Pref. (as to assets and dlvs.), 5% non-cum., non-voting, $1,000,000; com., $10,000,000, under a noting trust expiring July 6 1915—
voting trustees, Henry Koehler Jr., CharJus Springer, Frank Springer,
Harvey Edward Fisk, S. Stanwood Menken.
V 87, p. 1365.
BONDS.—Authorized, $15,000,000: outstanding. $7,500,000; secured
by a direct first mortgage on the company's coal lands, mines, coking
plants. Improvements and equipment, and upet all of the capital stock
and first mtge. bonds of the Railway Company; a sinking fund equivalent
to one cent per ton of coal mined will become operative April 1 1911.
V. 85. p. 406. 1578: V. 87. p. 286.
The $600,000 gold notes dated April 1
1909 are secured by deposit of $800,000 first mtge. bonds; they mature
$300,000 each April 1911 and 1912, but are subject to call on 30 days’
notice at par plus a premium at the rate of 1 H % yearly from redemption
date to maturity.
V. 88, p. 884.
LATEST EARNINGS-—/1909-10
Gross, $1,793,247; net, $609,178
11 mos., July 1 to May 31.
\1908-09
Gross,
403,568
1,294,094; net,
Surplus after charges, $239,672 in 11 mos. of 1909-10, against $53,466.
REPORT.—For yr. end. June 30 1909 In V. 90, p. 233.
Fiscal
Cross
Net (over)
Fixed
Replacement, Balance,
Year—
Revenue.
Taxes.
Charges.
Ac., Res'ves. Surplus.
1908-09
$1,439,046
$456,064
$398,303
$79,306
*$227,409
1907-08
1.535,996
529.409
403.692
106.508
19.209
•
After profit and loss adjustments. Increase In surplus as per bal. sheet.
—(V. 87, p. 286, 1355, 1364; V. 88, p. 296; V. 90, p. 233, 448, 772.)
ST. LOUIS St ST. LIBORY RY.—Under construction In Mch. 1910 from
the Mississippi River at a point opposite St. Louis to St.
Libory, 35 miles,
to be completed July 1911.
Stock auth., $600,000.
Bonds ($600,000
auth. Issue) all to be Issued for construction of road (sinking fund $18,000
annually), are subject to call at 103 on and after Jan 1 1919.
V. 88, p.
1254, 1314.
Pres., Edward L. Thomas, St. Louis, Mo.
Office, Belleville,
Ill.—(V. 88, p. 1254, 1314.)
ST. LOUIS St SAN FRANCISCO RR.—(See Map.)

in

Lines owned—
Miles.
St. Louis, Mo., to Okla.
City.. 543
Springfield. Mo., to Knoche Jet.
(Kan. City). Mo
185
Monett, Mo., to Red River
286
Okla. City, O. T., to Red River 175
Sapulpa, ind. T., to Denison,
„

Tex

Peirce City, Mo., to Ellsworth,

Kan..

Hope, Ark., to Ardmore, I. T__

Miles.

Beaumont. Kan., to Red River 318
Fayetteville, Ark., to Okmul¬
gee, I. T
14
Tulsa, I. T., to Avard, O. T
175
Branches In Missouri, Kansas
and Arkansas, Ac
290
193
Trackage—
Miles.
Knoche Jet. to Kansas City...
4
324 Carrollton-Irving Cut-off
11
224

RAILROAD COMPANIES
see notes on first

IFor abbreviations, &c.,

page]

Miles
Road

St Louis & San Fran—Com stock ($164,000,000)
First pref stock 4 % non-cum to be red (text)
Second pref stock 4% non-cum to be red (text)_.
K C F S & M pref stock trust certs $15,000,000 guar
C & E I common stock tr certs) payable at 250—Ta
guaranteed gold redeem.../payable at par
Ta
Pref stock trust certs $6,830,700 g gu red 150.-Ta

Refunding mortgage gold $85,000,000
Q.c*6sr*
Gen lien $109,850,400 g red (text)
Ba.xc*&r*
Ozark & Cher Cent first M gold assumed red par.. N
Musk Cy Bridge 1st M gold Tnt rent red 105—SSt.c*
Notes for Ark Valley & W $4,500,000 auth red par.
N O Tex & M Dlv lstM$5O,OO0,OOOgredlO5 beg’27 x
Three-year secured gold notes red par
Un.c
Collateral notes red any time
i

Bonds Underlying Refunding 4s.
Mo & W Dlv 1st M g $5,000 yearly drawn at 105.C*
St L & San Fran coll trust gold s f not dr’n__Us.c*
Gen M gold (1st on 658 m) $3,681,000 are 6s.Usc*
Collateral trust mortgage on branches gold.Un.c*
Consol mtge (V 64, p 1861) gold no option
Me
Southwest Dlv M $1,500,000 red at par gold-Ce.c*
Cent Dlv 1st M gold $3,462,000 red at 102 H -_N.c*
Northwestern Division mtge redeem 102 M — N.c*
St Louis Wichita & W 1st M redeem at 105 gold-.c*
Ft Worth & Rio Gr 1st M gold old 5s lnt red-.Ce.c*
Blrm Belt 1st Me red 102 M gu p & 1 (end)--OB.c*

Chicago & East Iu, Kansas City
Iqulp
do
do
do
do
do
do

[VOL. LXXXXI

RAILWAY STOCKS AND RONDS

114

Ft Scott & Memphis

notes g
do
do

Series C red par due $50,000 s-a__
Series D and E $12,188 monthly .

do
do
do
do
do
do
do

Series F due $58,000 quarterly._N
Series G due $154,000 seml-an.Ba
Series H part due $30,000 s-a—N
Series I gold due semi-annually. . .
Series J part due s-a (Pullman Co)
Series K due $18,000 s-a
SSt
Series L (V84, p 1429)
SSt

do

do

Date
Bonds

Par
Value

100
100
100
100

1901
1907
1903
1902
1905
1910
1910

5,000,000 4 In 1909
13,510.000
6,211.700

1,000 &c
$ & fr

67,600.000
51,483,564

1,000

2,880,000
100,000
4,000,000
See text
8,000,000
1,000,000

1,000

1,000

1908

82
101
986
64

2,400
112
103
106
144
196
15
and

...

Last Dividend
and Maturity

4
10
4
5
4
5
5
6

ORGANIZATION.—Organized June 30 1896 to succeed to the property

Alton, Minn. & St. Louis, Iowa Central and Toledo, St. Louis & Western.
V. 89. p. 1484, 1669.
In 1902 Birmingham Belt RR. (V. 75. p. 1148) was purchased; also St.
Louis S.F. & New Orl. Ry.. V. 74. p. 1197; V 75 p 343; V. 85, p. 531.
In Aug. 1907 the St. Louis Memphis & Southeastern, Ozark & Cherokee
Central, Arkansas Valley & Western, Oklahoma City & Western, &c., were

V. 85, p. 531.

The New Orleans Terminal Co. was organized jointly by the St. Louis &
San Francisco and Southern Ry. systems, and Issued 4% gold bonds (pres¬
ent outstanding amount $10,000,000), guaranteed jointly by St. L. & S. F.
and the Southern Ry.
V. 77, p. 38; V. 76, p. 1144. Rock Island-’Frisco
Term. Ry. (St. Louis), see V. 82, p. 930; V. 84, p. 749, and that Co.
In May 1901 acquired over 90% of the stock of the Ft. Worth & Rio
Grande Ry. (now Ft. Worth to Brady, 196 miles).
V. 64, p. 1224.

STOCK.—Company reserves right at any time to redeem either or both
classes of pref. stock at par in cash.
Provisions of pref. certfs. were In
“Supplement” of April 1897, page 6. V. 90, p. 699.
DIVIDENDS.—
97. '98. ’99. ’00. ’01. ’02 to '05. ’06 to ’09. 1910.
First preferred
2
4% per annum
4 yearly. To Aug, 3
Second preferred
1
2 3H
4 yearly.
None.
2
STOCK TRUST CERTIFICATES.—Kansas City Ft. Scott & Memphis
Ry., Kansas City to Memphis, Tenn., with branches, 914 m., was acquired
in 1901; Its entire stock Is owned and road leased for lnt. on bonds and 4%
on pref. stock trust certfs. (see above table), the 4% ref. bonds being guar.,
p. & 1.; see K. C. Ft. S. & M. }n this Issue and V. 72, p. 438, 532, 581, 1238.
In July 1905 all of the $7,217,800 common and $6,211,700 of the $8,830.700 pref. Chicago & East. Ill. RR. stock had been acquired, the St. L. &
S. F. giving in exchange Its stock trust certfs. at the rate of $100 for each
$100 snare, upon which 10% and 6% divs., respectively, are paid.
In 1905
the holders of a majority of the com. stk. trust certfs., preferring to have a
security redeemable at par Instead of at the rate of $250, exchanged their
certfs. for a new form In the denomination of $1,000 each, representing the
deposit of four shares of stock.
Int. on these latter certfs. Is payable at
the rate of 4% per annum, so that both the Income and prln. are unchanged
—only form of security being changed.
(See form, V. 80, p. 1857.)
See
Chi. & E. Ill. on a preceding page ana V. 75, p. 291, 393,1031; V. 81, p.1551.
GENERAL LIEN GOLD BONDS DATED 1907.
These bonds are redeemable as a whole only on any Interest date prior to
Mas 1 1922 at 102 ^ and Interest, and also redeemable on May 1 1922,
or any interest date thereafter, at par and Interest.
The mortgage Is
a first lien on (a) all property constructed or acquired through the proceeds
of the bonds; and (b) lines of railway, on payment or acquisition of bonds
and notes (see below).
It Is also to be a lien, subject to existing mtges.,
on the interest In lines owned or leased or controlled by stock ownership
aggregating 5,454 miles.
By payment of equipment notes named therein,
the new mtge. will also become a first lien on equipment costing $18,911.907.
See V. 84, p. 1488; V. 88, p. 54, 1198; V. 89, p. 105, 1598; V. 90, p. 1426.
In Jan. 1909 the auth. issue under the mtge. had been reduced from $115,000,000 to $109,850,400 through sale of refund, bonds for purposes auth.
under gen. lien mtge.
Purposes for which the $109,850,400 General Lien Bonds were Issuable.
Issuable forthwith
$10,000,000
Reserved to retire at or before maturity the following bonds, &c.—
4
notes pd. Aug. 6 ’09 & 5% notes pd. J’ne 1’09 $13,624,900
St. L. M. & S. E. 5-yr. 1st M. 4 ^s. paid J’ne 1 1909.16,000,000
St. L. M. & S E RR. Co. 1st M. 4s. due 1952
371,500
Ozark & Cherokee Central Ry. 1st M. 5s, due 1913__ 2,880,000
Muskogee City Bridge Co. 1st M. 5s, due July 1 1942
100,000
St. L. & S. Fr. eq. tr. notes, maturing In ser. until '17 9,939,030
Col. So. New Orl. & Pao. equip, trusts 1908-17
1,600,000 56.609.400
Reserved to be Issued In aid of above refunding operations
5,000,000
Reserved to be Issued from time to time since June 1 1909 to pay

60% of Installments of equip, trusts Issued after 1907
Reserved to be issued since June 1 1909 for cash cost of future

5,000,000

Improvements and betterments, but not exceeding In any year
$500 face amount of bonds for each mile of railroad at the time
owned or controlled by lease or other arrangement for control
extending for a period beyond the term of the mtge.
Not ex¬
ceeding $2,500,000 to be Issued In any one year until and In¬
28,241.000
cluding 1911, and thereafter notxover $3,000,000 yearly..
Reserved to be Issued since June 1 1909 at not exceeding $1,000,000 per year for cash expenditures subsequent to the date of
the mtge. equal to the then market value of the new bonds so
Issued for the construction, purchase or acquisition of addh

July

&
&

J
J

J
J

Q—J

g
g
g
g
g

&
&
&
&
&
&
&

J
M
A

J
F
M
M

4K
5 g
5 g
5

J
N
O
J
A
S
s

May
Oct
July
Feb
Mch
Mch

Aug

<1 g
1879
109,000
1,000
6 g
1880
194,000
1,000
1881
9.484.000 5 & 6 g
1,000
5 g
1887
1.000
439,000
4 g
1896
1.558,000
1,000
5 g
1897
829,000
1,000
4 g
1899
145,000
1,000
500 &c
4 g
1900
47,000
1879
304,000
6 g
1,000
4 g
1888
1,000
2,923.000
4 g
1902
1,000
1.000.000
Rock I sland-’Frl sco Termln al—See t
197.000
4
1901 5,000 &c
4 g
248.000
1903 4,000 &c
4 g
1903
300,000
5 g
1903
432.659
5 g
1903
58,000
1906
1.000
1,794,000
4H
180,000
5 g
1906
1,000
5 g
1907
1.986,000
1,000
5 g
1906
115,038
5
1907
249,000
5 g
1907
3,514.000
1,000

and franchises of the Railway co. sold in foreclosure and reor. per plan in V.
62. p. 829 and 1140—see also p. 742.
The system then was about 1,500 m.
In Dec. 1909 the Yoakum-Hawley Interests purchased from the Rock
Island Co. the $28,940,300 of the $29,000,000 com. stock acquired in 1903.
The same Interests control the Mo. Kans. & Tex., Ches. & Ohio, Chic. &

Dec

3—J

g
g

F
&
A
&
A
F
&
J
J
&
A
O
&
J
J
A
&
O
&
A
o
o
A
&
&
s
M
&
J
J
A
&
0
hose com
&
D
J
&
A
F
M
&
N

monthly

Places Where Interest and'
Dividends are Payable

1910 1% Checks mailed
do
1905 1%
1910 1% Mercantile Trust Co,
Checks mailed
1942

Aug

(3—F
( 5—M

16.000,000 See text

100

_




Payable

1,000

Miles.
Leased & controlled by stock. Miles.
665
K. C. Ft. S. & M.—see this co._ 914 St. Louis Memphis & S. E
Kan. City Mem. & Blrm
286 Chic. & East. Ill.—see this co.. 966
Operated independently—
Total June 30 '09 (Including
Fort Worth & Rio Grande
196
234 miles trackage)
6,219
17
Paris & Great Northern
310
117 Evansville & Terre Haute
Beaum Sour Lake & Western.
Blrm.
75.
RR.
Belt
(V.
Orange & Northwestern
61
25
p. 1148)
&
St.
Louis
Brownsv.
Mexico.
444
St. L. San Fran. & Tex. (39
miles track to Fort Worth).
125
The St. Louis Brownsville & Mexico (which see) was purchased early In
1910 and consolidated with the Colorado Southern N. Orl. & Pacific, the
Beaumont Sour Lake & Western Ry. and the Orange & Northwestern RR.,
Into the New Orl Tex & Mexico Ry. Co., extending from New Orleans,
La., to Brownsville, Tex., with branches. In all 1,003 miles. Including 123
miles trackage, affording via National Rys. of Mexico a through line to the
Gulf of Mexico.
Will be operated as a division of the St. Louis & San Fran¬
cisco.
See BONDS below.
V. 90, p. 699.

merged, also various lines leased, mostly for 999 years.

When

%

1,830,200
13,460,000

’

144

Rate

$100 $29,000,000

54)64
54)64
1,691

2,604
5,330

Amount

Outstanding

do
do

1942
1942
1951
1927
1913
1942
1912
1940
1 1913
1 1911

Guaranty Trust Co,
New York,

Oct

July
Oct

Apr
Apr

New

Y
L
Y

London*
NY
N Y

N Y
Y
N Y

do
do
do
do
H B Hollins & Co, N Y
Mercantile Trust Co, N Y
do
do
do
do

Sept 1 1919
1 1922

panles

Dec 1910-1911 Blair & Co,
Feb ’ll-Feb '13 R Wlnthrop
do
To May 1 1913
Amer Car &
To May 1913

Oct 1910
O Jan ’ll-Apr '16
N Feb ’ll-Nov '13
J Jan ’ll-Jan'17
To Sept 1916
Quar
M
&
S Sept'10-Sept*17
A 'Feb ’ll-Aug *17
F
&

Quar

A
M
J

York and

Mercantile Trust Co,
United States Trust.
Mercantile Trust Co,
Union Trust Co, N
Mercantile Trust Co,

July 1 1928
Oct

N Y

London. &o

Mercantile Trust Co, N
St Louis Union Tr, St
Bankers' Trust Co, N

1919
1920
1931
1987
1996
1947
1929
1930

Aug
Aug
July

NY

&
&
&

New York
& Co, N Y

do
F Co, St L
Blair & Co, New York
do
do
do
do
First Nat Bk, N Y or Chic
Boatmen’s Bank. St Lou
St Louis Union Trust Co
Bankers Tr Co,NY or StL

tlonal lines of railway or branches
Reserved to be Issued for Improvements after July 1 1918 at not
over $3,000,000 yearly (originally reserved for refunding Col.
Sou. N. O. & Pac. bonds (V. 87, p. 937, 873; V. 90, p. 699)

$5,000,000'
8,094,000

REFUNDING 4 PER CENTS OF 1901. (V. 77, p. 2391; V. 83. D. 752.)
Authorized.
Issued.
1. To retire underlying bonds
$59,000,000 a$45,609,600
2. For Improvements, betterments, new equipment, &c., at $1,000,000 per year
9,500,000
9,500,000
3. Additional lines, extensions, 6sc., at cost....-*16,500,000
12.604,400

$85,000,000 fc$67,714 000
At not exceeding $32,000
per mile (Incl. underlying liens), $4,500,000; at not exceeding $22,500 per
mile (lncl. underlying liens). $12,000,000. * Incl. $114,000 In lmpt. trust.
Underlying Bonds Deposited as Security under Refunding Mortgage.
$671,000
Mo. & W. Dlv. 6s
$866,000 Southwest Dlv. 5s
1,817,000
St. L. Wlch. & West. 6s
1,696,000 Cent. Dlv. 4s
Trust 6s of 1880
731,000 St. L. Okla. & So. 4s (all)..4,650,000
Ft. Smith & Van Bur. 6s.117.000 Kan. City Dlv. 4s (all)..2,324,000
do
do
3s (all).. 976.000
Gen. mtge. 6s of 1881
.4,126,000
1,253,000
do
5s
6,488,000 Northwest. Dlv. 4s
Total
To retire $38,395,000 underlying bonds,

a

x

Trust 5S Of 1887
660,000
In addition there have been refunded and canceled $5,590,000 A. B. « C.
bonds of 1906 and $6,983,000 of consol, mtge. 4s.
There have also been acquired and deposited under the refunding mtge.
the following stocks and 4% bonds, representing new extensions (being
entire Issues on account thereof), the latter aggregating 550.94 miles.
,

Road—(V. 77, p. 1538, 1537.)
Oklahoma City & Western RR..
Oklahoma City & Texas RR
Ft. Worth & Rio Grande Ry

Sulphur Springs Ry

Blackwell Enid & Southwestern Ry
Blackwell Enid & Texas Ry...
Red River Texas & Southern Ry
St. Louis San Fran. & Texas Ry

Miles.

174.85
8.68
49.72

„

.

„

$5,000,000

Bonds.
$4,023,000

a2,842.000

*994,000

500,000

4,500,000
173,000
815,000
200,000

Stock.

8.72

200,000

—

400,000
803,300

238.68
12.75
57.54

174,000

Substantially the entire issue. * Issued for extension from Brown wood
Brady, Tex. (entire amount); total length of road, 195.88 miles, balance

a

to

of Issue, $2,923,000, being In hands of
NEW ORLEANS TEXAS & MEXICO

public.
DIVISION FIRST 5S OF 1910,

$50,000,000 AUTHORIZED.

These bonds will be secured either by a direct first mortgage on the road or
a first lien on the first mortgage bonds and stocks of the companies owning
the same.
Of the bonds, $26,000,000, bearing 5% interest, have been
issued to pay off the existing liens and Indebtedness of the New Orleans
Texas & Mexico RR., the Beaumont Sour Lake & Western Ry. (V. 90,

for the

acquisition

recent
p. 976) and the Orange & Northwestern RR., and
of the St. Louis Brownsville & Mexico Ry., the remaining $24,000,000 to
bear interest at a rate not exceeding 5%, to be hereafter fixed, being re¬
served for future requirements under restrictions named In the mtge.
Of
the $26,000,000 present issue, $16,000,000 has been sold and
deposited under $8,000,000 “three-year 5% secured gold

$10,000,000
notes,” which were

V. 90, p. 699, 915, 1045, 1677.
sold March 1910.
In May 1910 a block of new 4H% bonds, it was reported,
—part of a new Issue.
V. 90, p. 1297.
Ozark & Cherokee Central and St. Louis Memphis & S. E

had been sold
bonds, see V.

Rock Isl.-’Frisco Term. guar. 5s. see that company.
Underlying bonds on former St. L. M. &S. E. system: $54,000 Pemiscot
RR. 6s due Oct. 1 1914; $65,000 Kennett & Osceola 6s due June 1 1917;
$4,500 So. Mo. 8s Ark. 5s due 1939; total $123,500.
St. L. M. 8s S. E. 1st
4s 1952. red. 105. $365,625.
The $3,357,000 Series I, $359,000 Series K, $5,074,000 Series L car trusts
are guaranteed, prln. & lnt., by the Amer Car & Foundry Co. V. 84, p. 391,
Series P mature $132,000 each April 1 and $133,000
1429; V. 85, p. 922.
78, p. 2335, 1908;

each Oct

1.

GENERAL FINANCES.—In Aug. 1908 a 2 ^-year loan of $2,000,000 at
5% was obtained from the U. S. Express Co., sub. to redemption at any time
In sums not less than $100,000; $1,000,000 paid to April 1910. V. 87, p. 481.
In Dec. 1908 and April 1909 $36,552,000 gen. lien bonds, bearing 5% lnt.,
were sold to Speyer & Co. to finance the requirements of the company In
1909, Including tne payment of all floating debt and provision for
$15.530,000 St. Louis Mem
8s Southeastern bonds maturing June 1 1909.

the

A

special

was

French

series

of

also sold In France In July

51,600,000

francs

(about

$10,000,000)

1909 through the same bankers (denomina¬

tions 516 fr., or $100 each) and In Dec. 1909 $4,000,000.
In Oct. 1909
$6,000,000 were sold In Germany and In Feb. 1910 $12,000,000 had been
sold in England, France, Germany and the U. S.
In May 1910 $7,500,000
were sold in France and Germany. V. 87, p. 1480; V. 88, p. 54, 102, 1002,

1062, 1198, 1254;

V. 89, p. 105, 287, 1069, 1598; V. 90, p. 560, 1171.

In

1910 sold $8,000,000 3-year 5% secured gold notes; also $16,000,000 New
Orl. Tex. & Mex. Dlv. bonds.
See BONDS above. V. 90, p. 699, 915, 1677.
In June 1910 made a close 10-year traffic agreement with Southern Pacific
Co. V. 90, p. 1615.

LATEST EARNINGS.— f 1909-10..Gross, $38,020,133; net, $11,530,345
11 mos., July 1 to May 31. \1908-09--Gross, 34,696,825; net, 11,723,967
For 10 mos. ending April 30 1910 (Incl. Ch. 8s E. Ill.), gross, $44,880,200,

agst. $40,370,809

in 1908-09; net, $13,791,740, agst. $13,299,293; other in¬

$1,369,530; taxes, $1,506,296; charges, $12,409,903; dlv. 1st pref.
$149,806; bal., sur., $1,095,266. V. 91, p. 155.
ANNUAL REPORT —Report for the year ending June 30 1909, showing
operation of system, was given in V. 89, p. 1140, 1167; see also edit., p.1194.
Year ending June 30—■
1908-09.
1907-08.
1906-07.
Average miles operated
5,251
5,064
5,062
Freight earnings
$25,618,876 $23,976,297 $26,534,640
8,927,037
Passenger
9,655,886
9,166,327
Mall, express, 8sc
—
2,920,976
2,902,798
2.553,014
Total operating revenue
$38,195,738 $35,806,132 $38,253,981
come,

stock (9 mos.),

July,




1910.]

RAILWAY STOCKS AND BONDS

[For

RAILROAD COMPANIES
abbreviations, Ac., tee notes on first

Miles
Road

page]

St L& S F (Con)—Ser M Pull’n eq notes gd $26,436 quar

m *

do
Series N_..
Ce
Ser O gu., due $33,000 or $34,000 s-a.PIP
do
do
Ser P gold
--Ba
Col So N O 6s P eq tr notes gu due $80,000 s a_„Ba.

Guaranteed

Bonds,

“

1910
1910

.AC
100
45
75
56

_— _—

$1,128,843

&
J
F 6b

To Jan 1 1920
New
To April 1 1920

N Y, Eq. Tr 6b St Louis
do
do

Aug 11955

St Louis, Mo
Miss Val Tr Co. St Louis
Farmers L 6b Tr Co. N Y
American Tr Co. Boston
Trust Co of Amer. N Y
Off C 6b N W. Ill Bway
Central Trust Co, N Y
Northwestern Trust Co
New York
Salt Lake City

J

6b

J Jan

48.000.000

4 g

J

6b

J

5 g
5 g
5 g

M
M

S Mch 1 1936
S Mcb 1 1935

F
J
J
4H g F
5 g
J
6 g
1.120.000
J
M
250,000
250.000 4 g
g M
5 g
M
1,100.000
6 g
300,000
J
175.000
5 g
M
5 g
3 C
5

86*5

1,000

6b
6b

6b
6b
6b
6b
6b
6b
6b
6b
6b

York

D Deo 1 1947
A Aug 1 1956

4 g

A
D
J
A
J
J
N
N
N
J
N

Dec 1 1924
June 1930

Aug 1 1936
July 1 1931
1 1913

Jan

May 1 1930
May 1 1944
Nov 1 1938
Jan 1 1913

May 2 1918
Central

1 1943

Trust

Co, N Y

Guaranty Trust Co, N Y

July 1 1959

U S Mtge 6b Trust Co,
do
do
do
do

NY

1.000

905.000
293,000
780.000

J

6b
6b
6b

1887

1,000

900.000

5 g

J

6b

J July 1 1937

55 Wall Street, New York

1903

1,000

185,000

5 g

lj

6b

J Jan

Savannah Trust Co

1.000

$3,958,841

*$259,324

F. L. Hine,

Chicago.

Executive

embraces:

62.6

operated mileage June 30 1909
1,469.8
Also has St. Louis Iron Mountain & Southern trackage, not Included in
operating accounts, viz.: St. Louis to Bismarck, Mo., 75.4 miles; Bis¬
marck, Mo., to Delta, 74 miles; Memphis, Tenn., to Fair Oaks. Ark , 60
miles, making the total lines 1,651 miles.
V. 77. p. 90; V. 88, p. 1374. Of
the 1,325 miles main track, 9 are laid with 85-lb., 830 with 75-lb., 30 with
70-lb., 417 with 56-lb. and rest with 35 and 60-lb. steel rails.
In Apr. 1910 acquired all the stock of the Stephenville North & South
Texas Ry
Stephenville to Hamilton, Tex., 43 miles, and will extend the
road to Gatesville, 32 miles.
A new Issue of Stephenville N. & S. Texas
bonds will be guar., p. 6c 1., $658,500 to replace a like amount of outstanding
bonds, with an additional amount for the extension and other purposes.
V. 90. p. 1045.
ORGANIZATION.—Reorganization, per plan In V. 50. p. 141, 561, of
St. Louis Arkansas & Texas, sold In foreclosure In Oct. 1890.
DIVIDENDS.—First dividend on preferred stock
2% (semi-annual)
paid July 15 1909; 1910, Jan., 2H%; July. 2)4%. V. 89, p. 1543.
BONDS.—The first consols (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 2d mtge. income bonds (of which $6,956,500 had been acquired in July 1909), and the remaining $10,000,000 for
the acquisition of branch lines at not over $20,000 per mile, acquisition
and Improvements.
(V. 75, p. 136.)
See V. 74, p. 328, 578, 630, 831;
V. 75, p. 790; V. 77, p. 2160; V. 80 p. 473, 872: V. 84, p. 1249- V. 87. p.
814; V. 88, p. 453.
Equipment trust notes June 30 1909, $1,185.417
Tn
Dec. 1909 sold $722,000 and In May 1910 $460,000 5% equipment bonds.
V. 89, p. 1598; V. 90, p. 1364.
Guaranties.—Gray’s Point Term. guar, of 1st 5s, V. 69, p. 1062. St.
Louis So. W. owns all stock and leases road till Aug. 1958.
V. 65. p. 413.
Of the Gray’s Point Term. Ry. 1st ref. 6c ext 50-yr. gold 5s, redeemable
after 5 yrs. at 105 ($4,000,000 auth. issue), $550,000 are reserved to
retire the first 5s, $600,000 to acquire $600,000 So. Ill. 6c Mo. Bridge bonds,
the remainder for extensions and improvements; none Issued to July 1909.
V 83. p. 273, 819, 890; V. 85, p. 222, 601,
The Shreveport Bridge 6c Terminal Co., which la controlled. Is leased for
50 years from Aug. 1 1905, Its $500,000 bonds ($450,000 Issued) being
guaranteed. V. 81, p. 1097, 1101; V. 82, p. 753; V. 83, p. 815
EARNINGS.—11 mos.J 1909-10.-Gross, $10,119,600; net, $2,317,985
July 1 to May 31.
2,054,181
\ 1908-09..Gross,
9,546,379; net,
Surplus after charges, $920,971 for 11 mos., against $629,996.
ANNUAL REPORT.—Annual meeting Is held at St. Lou&, Mo., on the
first Tuesday In October.
Report for 1908-09 was In V. 89. p. 912.
Comparisons with 1906-07 inaccurate owing to changes In accounting.
,

Net operating revenue
$2,544,796
Total net Income—
$2,743,478
lnt. on 1st and cons. mtge. bonds... $1,687,133
lnt. on 2d M. Inc. bds. held by public.
126.080
Other Interest, rents. 6cc
332.175

5 g
5 g

J’lyl5’10 2H% Office. 165 Bway, N Y
Nov 1 1989
Central Trust Co, N Y
Mercantile Trust Co, N Y
Nov 1 1989
June 1 1932
Equitable Tr Co. N Y
To April 1 1919 Penn Co for Ins, 6eo. Phil

Fe
1,000

a

St. L. Southw. Rv. Co. of Texas—
Main Line—Texark. to Gatsv. .305.4
154.3
Illinois Division (trackage)
138.2 Fort Worth Branch
13.7
Cairo Branch.
57.7 Dallas Branch
52.3
New Madrid Branch
6.1 Sherman Branch
40 2
Grays Point Term. Ry. (leased) 16.6 Hillsboro Branch
130.9
35.1 Lufkin Branch
Stuttgart Branch
Little Rock Branch
44.4

1908-09.

5 g
5

J 6b J15
6b
N
M
6b
J
J
J
6b D
O
A
6b
J
J
6b
O
A
6b

Central Trust Co, N Y
To Jan 15 1918 Prov Life 6b Tr Co. Phlla
Bankers Tr Co.
To Oct 1 1919
N Y
Feb ’11-Feb ’17

1893
6b Sant
1909
Fe
1906
1905
1906

Places Where Interest and
Dividends are Payable

July 1 1916

1,000,000
17.544,000

St. Louis Southwestern Rv. Co.—
Main Line—Delta to Texarkana412.3

$10,331,889
7,787,093

J
15
O
A

100
1.000

Committee, B. F. Yoakum (Chairman), Edwin Hawley. B. L. Wlnchell,
James Campbell, Frank Trumbull, E. V. R. Thayer and Thomas H. West.—
(V. 90, p. 1045, 1171, 1297, 1426, 1615, 1677; V. 91, p. 155.)

Years endino June 30—
Total operating revenues
Operating expenses

500,000
See text
See text
450.000
500.000
983.360
900.000
1.036.000

LXXXXI

To Nov 15 1917
6b
J
J 6b J
6b
A
F
6b

$ 6b £
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1.000

DIRECTORS.—(Nov. 1909) B. F. Yoakum. D. G. Reid,

Total of all

460,000

500

W. H. Moore, C. W. Hillard, Hans Wlnterfeldt, Geo. T. Boggs of New York;
E. V. R. Thayer, Benj. P. Cheney of Boston, Mass.; C. R. Gray, Wm. K.

Shreveport Branch

722.000

1,000

In 1908-09 the Chicago 6s Eastern Illinois had a surplus after payment
of dividends of $20,973, making surplus of system for year $1,149,816.
OFFICERS.—Chairman of Board, B. F. Yoakum; Pres., B. L. Wlnchell:
Comptroller (also one of Vice-Presidents), C. W. Hillard; Sec. and Treas.,
Frank H. Hamilton.
New York office. 71 Broadway.

ST. LOUIS SOUTHWESTERN RY —The system

16.356.100
19,893,650 5 in 1910
4 g
20.000.000
4
3.042.500
4 g
22.261,750
5
306,000

1,000
1.000

a

Blxby and James Campbell, St. Louis; J. H. Moore,

1,040,000

5
5
6
5 g
5

Last Dividend
and Maturity

1897
1906
1910
1905
1904
1902
1906
1901
1883
1880
1894
1908
1893
1898

1907-08.
1906-07.
1908-09.
Net oper. revenue (after taxes)
$11,487,119 $9,850,432 $12,500,448
Total net Income
$12,896.911 $11,313,349 $14,373,639
$9,933,444 $9,219,401 $8,580,174
Interest, rentals 8e sinking funds
540,400
540,400
540,400
Dlv. K. C. Ft. S. 6s M. stock tr. certs.
1,094.482
1,094,482
Dlv. C. 6s E. I. stock trust certs
1,094,482
199,742
199,742
Dlv. on first preferred, 4%
199,742

Balance, surplus

$740,218
844,000
499.000
2.518,000

1,000
500 6bc
1,000
1,000
1,000
1,000

1891
1891
1902
1909

6s 1

mtge gold ($100,000 are 4s). interest as rental
20
Salt Lake C Un Dep& RR—1st M $1,500,000 g red Ba
15
Salt Lake & Los Angeles—1st M gold
G.c
12
H
Salt Lake & Mercur—First mtge $300,000 gold
Ed
San Antonio & Aransas Pass—Stock
...
723
JFtrst M $21,600,000 gold guar p & 1 (end)--Ce.c*6cir
San Francisco 6k Nor Pacific—See Northwest Pac RR
San Francisco & San Joaquin Valley—See Atchison T opeka
San Pedro Los Ang & S Lake—1st M $60,000,000 g.G 1,060
Santa Fe Prescott 6c Phoenix—See Atchison Topeka 6c Santa
41
Santa Fe Raton & Des Moines—First M gold—Usm.c
16
Santa Fe Raton 6e Eastern—1st M g gu p 6s !._Usm.c
Santa Fe Liberal & Eng—1st M g $8,000,000 au-Usm A
Saranac & Lake Placid—See Chateaugay & Lake Placl
IK
Sault Ste Marie Bridge—1st M gold s f drawn at 110 c
Savannah Florida & Western—See Atlantic Coast Lin e RR
33
Sav & Statesboro—1st M $500,000 gu p 6s 1 (end)-.c*

Payable

100
100

16

fttConsol
Paul
Paul Eastern
Union Depot—First
Grand Trunk—1st
gold lntasguar
c*
M gold,M Interest
rental

When

%

$1,000
1.000
1,000

“

.

F
it Paul 6fc Des M RR—lst6sref M $2,400,000 g text. AB
Des Moines Iowa Falls 6s Nor 1st M red 105_.Ta.c*

Rate

1,000

1909
1908
1909
1907

—

Ac.—

Amount

Outstanding

1907

"

1,223
1.223
1,271

Gray’s Pt Term 1st M guar p 6b 1 gold
SSt.c&r
1st ret & ext M $4,000.000 g red text gu p 6b1 E 4.xc*
Stephenville Nor 6b Sou Texas first mtge guar p & 1.

Par
Value

Date
Bonds

—

St Louts Southwestern—Common stock $35,000,000Preferred stock 5% non-cumulatlve $20,000,000-..
Flrst mortgage certs ($16,500 per mile) gold_.Ce.c*
Second M 4% Inc $10,000,000 non-cum g—Me.c*
First consolidated mtge $25,000,000 g—Ea.xc* 6cr
Car trust bonds, due $34,000 yearly
Car trust bonds gold due $72,000 yearly
Me
do ser A(V 90. p 1364, 1491)due $46,000yly.-Usm

1907-08.

1906-07

$9,598,264 $10,261,336
7,580,423
6,985,692

$2,017,841
$2,461,325
$1,640,283
130,420
357.591

$3,275,644
$3,568,356

$1,551,323
130.420
304,491

Balance, surplus for year..
$598,089
$319,824 $1,582,122
OFFICERS.— Pres.. Edwin Gould; V.-P. and Gen. Mgr., F. H. Britton
Sec., Arthur J. Truss ell- Treas.. G. K. Warner.
Directors.— Edwin Gould. New York: R. M. Gallaway, Howard Gould
Pierce, William H. Taylor and E. T. Jeffery, New York
Winslow S
Murray Carleton. F. H. Britton and Tom Randolph, St. Louis.
Office
165 Broadway, New York.—(V. 90, p. 560, 1045, 1364, 1491.)
ST. LOUIS TROY & EASTERN RR.—East St. Louis, III., to Troy. III.,
with branch 1 mile to Donkvllle, Ill.; total, 18.9 miles; leases St. Louis 6c




[VOL.

RAILWAY STOCKS AND BONDS.

116

JjJuly 1 1938
1 1953

Ill. Brit, Edwardsvllle. Ill., to near Formosa, III., 7 m.: yard track and
sidings. 9.94 m.: total. 35.84 miles. Stock. $850,000. as Increased July
1909* par, $100.
For year ending June 30 1909. gross, $316,659: net,
$132,322; other Income, $8 828; lnt. and taxes. $41,343; dlvs. (25%),
$87,500; bal., sur., $17,307.
Pres., Edwin H. Conrades, 314 N. 4th St.,
St. Louis, Mo.—(V. 80. p. 473: V. 89. p. 287.)
ST. LOUIS WATKINS & GULF RY.—See St. Louis Iron Mt. 6c South.
ST. PAUL.—See Chicago Milwaukee 6c St.

Paul.

ST. PAUL & DES MOINES RR.—Owns from Des Moines, Iowa, to
Mason City. 120 miles.
This Includes the Des Moines Iowa Falls 6e Nor.,
Iowa Falls to Des Moines, la., taken over Aug. 1 '08. V. 87, p. 98.
Stock
authorized, $2,500,000; outstanding, $510,000: par, $100.
Bonds issued
$900,000 (auth., $2,400,000); Issuable at $20,600 per mile on consolidated
property.
V. 85, p. 161. For year ending June 30 1909 (120 miles),
gross. $373,419; net. $66,423.
In 1907-08 (75 miles), gross. $245,410;
net Income, $78,814: lnt., taxes. 6bo.. $75,162: bal., sur., $3,652.
Pres.,
F. W. Estabrook; Sec., R. G. Smock.—(V. 88, p. 453.)

ST. PAUL EASTERN GRAND TRUNK RY.—(See MapChicago A N.W.)
Oconto to Clintonville, Wls., 56 miles. Leased Oct. 30 1884
for 99 years to Milwaukee Lake Shore & Western.
Rental, 30% of gross
—Owns from

Lease acquired Aug. 16
earnings, Interest on bonds being guaranteed.
1893 by Chicago 6c North West, through purchase of MUw. Lake Sh.6eW.
(THE) ST

PAUL UNION DEPOT CO.—Owns Union Passenger Station,

with 9.24 miles of track, the stock being owned equally by:
Great Northern, Northern Pacific, Chic. St. Paul Minn. & Omaha, Chic.
Mil. 6s St. Paul, Chic. Great Western, Chic. Burl. 6c Quincy, Minn. St.
Paul & S. Ste. Marie, Minn. 6c St. Louis and the Chic. R. I. 6c Pacific.

Authorized stock,

$1,000,000.

Rental covers Interest on bonds and

4% on stock since May 1 1901; from 1881 to May 1901 6% dlvs. were paid.
Year ending Dec. 31 1909, gross, $67,258; op. def., $194,490; lnt. on bonds,

$26,500; dlvs., $37,296; rentals, $4,789; net expenses, $263,075, paid
Pres., A. W. Trenholm; V.-P., J. H. Foster; Sec., W.
tenant roads.
Johnson.—(V. 74, p. 1090.)
SALT LAKE CITY UNION DEPOT &

by

G.

RR.—To own union depot and

Stock, $2,000,000. equally owned by Denver
facilities at Salt Lake City
6c Rio Grande and Western Pacific, which jointly guarantee bonds, prin.
and lnt.
Bonds are subject to call at 105 on and after Nov. 1 1923.
See
table above.
V. 88. p. 232.

from Salt Lake to Saltalr
65, p. 824. Stock. $300.by J. E. Langford and Joseph Nelson of Salt
Lake City.
Year ending June 30 1909, gross, $117,847; net after taxes
$40,298; lnt. on bonds, $18,000; bal., sur., $22,298.—(V. 83, p. 1472.)
SALT LAKE & MERCUR RR.—Fairfield to Mercur. 12 V* m.
Stock.
Bonds, see table. Year end. June 30 1907, gross,
$300,000; par, $100.
$52,925: net, $22,839.
Pres., L. L. Nunn, Tellurlde. Col.—(V. 79, p. 1024.)
SAN ANTONIO & ARANSAS PASS RY.—Owns from KerrvUle to Hous¬
ton, 308 miles; Kenedy to Corpus Chrlstl. Tex., 90 m.; Yoakum to Waco.
171 miles; Skidmore to Alice, 43 miles; Shiner to Lockhart. 54 miles;
Gregory to Rockport, 21 miles; Alice to Falfurrtas, 36 miles; total, June 30
1909. 723 miles—129 m. 70-lb. and 594 m. 50-lb. steel.
BONDS.—Mortgage Is for $21,600,000 (trustee. Central Trust Co.), and
the Sou. Pac. Co., by endorsement on each bond, guarantees uncondition¬
ally “the punctual payment of the principal ana Interest."
Bonds for
$2,700,000 reserved tor extensions, limited to 100 miles at $27,000 per
mile, equipped.
See full abstract of mtge. in V. 56, p. 540. Car trusts
June 30 1909, $334,508, viz.: $73,508 payable $9,189 s.-a. J. 6s D., and
$261,000 5%, payable s.-a. J. 6e J. within 7 years.
Notes held by Southern
Pac. Co. June 30 1909, $3,898,000, due July 1 1920, bearing lnt. (non-cum.)
at such rate, not over 4%, as net earnings over betterments may suffice to
V. 81. p. 1733.
pay* total bills payable June 30 1909, $5,098,000.
In 1903-04 (under order of the Texas Railroad Commission)
canceled
$1,356,000 of the outstanding $18,900,000 bonds, reduced the stock to
$1,000,000, and separated the management from the Southern Pacific.
V. 77. p. 90, 148, 401, 452. 2340; V. 78, p. 2600: V. 82. p. 453
Gross, $3,623,816; net, $1,017,203
EARNINGS.—11 mos.,/1909-10
July 1 to May 31.
\1908-09
Gross, 3,493,334; net, 1,042,049
ANNUAL REPORT.—For year ending June 30 1909, gross, $3,767,655; net. $1,102,783; other Income, $422,908; charges, $1,095,262; lmprove’ts,
$69,539; bal., def., $39,110.
In 1907-08, gross, $3,157,929; net, $918,566
Pres.. W. H. McIntyre, New York; Sec., J. W. Terry.—(V. 82, p. 453.)
SAN DIEGO & CUYAMACA RY.—V. 89. p. 779.
SAN PEDRO LOS ANGELES & SALT LAKE RY.—(See Map Union
Pacific.)—From Salt Lake City, Utah, to San Pedro, on the Pacific Coast,
806 m. of main line, with branches, aggregating in all 1,060 m.; from Dag¬
gett to Riverside, 90 m.. Is trackage over A. T. 6b S. Fe.
Has steamship
connection via Hawaiian Islands to China. Japan and Manila.
V. 81, p.
1551; V. 82, p. 1323.
SALT LAKE & LOS ANGELES RR.—Road
Beach, Utah, 15 miles, standard gauge—see V.

000, was owned Dec. 1906

On July 7 1903 purchased portion of Oregon Short Line (Un. Pac.syst.)
forming part of the road above shown, the Ore. Short Line acquiring a half
Interest In the property.
The Salt Lake City terminals are leased for 99

V.

years.
V. 76, p. 920, 1193, 1356;
77, p. 38, 148, 695; V. 78. p. 1383
V. 79. o. 1024.
Las Vega** 6b Tonopah RR., allied road. Las Vegas. Nev.
to Goldfield, 197 m., completed Nov. 1907, whence trackage to Tonopah.
28 miles.
V. 81, p. 1175. On April 15 1907 99-year traffic agreement
with Southern Pacific was canceled.
V. 84, p. 1308.

Stock authorized, $25,000,000: par, $100; all Issued, held In voting trust
for 5 years (from 1903) by Farmers’ Loan 6s Trust Co. In Joint Interest of
Union Pac. and Wm. A. Clark.
Govt, suit to set aside control by U. P.,
V. 86, p. 286.

BONDS.—Of the first 4s of 1909 ($60,000,000 auth. Issue)

$48,000,000

were issued to retire the $40,000,000 old 4s and floating Indebt, incurred
extensions. Improvements, 6cc.
V. 90, p. Ill; V. 89, p. 1669
Due Union Pacific June 30 1909. $3,099,372.

for

July, 1910.J

RAILWAY STOCKS AND BONDS.

RAILROAD COMPANIES

Miles
Road

[For abbreviations, Ac., see notes on first page]

Savannah Union Station Co—First M $600,000 g.-G.r
Schenectady & Duanesburg—See Delaware A Hudson Co'"*
Schuylkill & Juniata RR—See Pennsylvania RR
44
Schuylkill & Lehigh—First mtge guar by Reading Co
Schuylkill Valley Navigation & RR—Stock
Seaboard Air Line Ry—
First M g subj to call (see text)..
All
CoBa.c&r
Coll trust ref M g red at 10ft (V 70, p 842)—Ce.c*
Atlanta-Btrm Division first mtge $10,000,000 .K.c*
192
Three-year coll trust $5,000,000 g ext In 1007
N
Florida West Shore 1st M gold
66
---

_

Par
Value

1902

1,000 6bc

$600,000

1898

$1,000

----

50

600.000
576.050

-

-

«...

Equipment trust

_

Equlpm’t trust due quarterly Ser B (V 74, p 380)
Equipment mortgage gold Ser C due quarterly.Q.c*
do
do
gold Ser D due $32,000 s-a
do
do
gold Ser E due $25,000 s-a
do
do
gold Ser F due $51,000 s-a
do
do
gold Ser G due $88,000 s-a.N
do
do
gold Ser H due $25,000 s-a.N
do
do
gold Ser I due $65,000 s-a.PIP
do
do
gold Ser J due $45,000 s-a—
do
do
gold SerK gu due$15,000s-a.c*
do
do
gold Ser L due $69,000s.a._ N
Carolina Central 1st cons M gold guar p A 1 (end) .F
Durham A Northern first mortgage $150,000.MeBa
-

_

m

•

_

_

•

•

..

...

..

...

Roanoke A Tar River $260,000
MeBa
Florida Cent A Penln 1st M ($5,226 p m) gold.Ce.c*
Second M (1st on ext. 02 m) $5,226 p m g.Mp.c*
Consol mtge $7,800,000 ($10,000 p m) gold..Q.c*
South Bound 1st M gold Interest rental. .MeBa.c*
Georgia A Ala 1st M cons $6,185,000 gold-.BBa.c*
Ga A Ala Term Co 1st M callable at 110 guar p A 1.
Georgia Carolina 6b North 1st M gold guar..MeBa.c*
Raleigh 6b Augusta first mortgage
R 6b G first mortgage $1,500,000 gold
MeBa.c
S 6b R first mortgage $2,500.000
MeBa.c* 6:r
Debenture $600,000 to be secured by any 2d M..r
Refunding mtge $125,000,000 red 105...N.xc*6fcr*
Adjust M(5% cum Int) $25,000,000 red par.FBa.xc*
.

pledged under

•

_

-

m

•

_

_

.

_

_

267
42
32
575
666
780
136

400
-

-

-

268
107
_

_

_

81
....

1900
1901
1903
1904
1904
1897
1902

1,000 6bc
1,000
1,000
1.000
1,000
1.000
1,000
1.000
1.000
1,000
1,000
1.000
1.000
1.000
1.000
1,000
1,000

1903
1904
1905
1905
1906
1906
1907
1907
1907
1909

1899
1888
1887
1888
1890
1893
1891
1895

1.000
1,000
1.000
1,000
1,000

1898
1889
1886

1.000
1,000
1.000
1,000
100 6bc
1,000
1,000

1897
1886
1886
1909

1909
consol Idatea mortgage

EARNINGS.—11 mos.,J 1909-10
Gross, $5,603,893; net, $819,062
July 1 to May 31.
11808-09
Gross, 6,695,179; net, 2,183,132
REPORT.—For year ending June 30 1909, gross, $7,450,462; net,
$2,481,912; other Income. $9,934; Interest, taxes. 6sc., $2,437,236; bal.,
surp., $54,610.
In 1907-08, gross. $7,518,512; net, $1,520,494.
Pres., W. A. Clark; Sec., J. H. Harrison; Treas., W. H. Leete.—(V. 86,
p. 286; V. 88. p. 565; V. 89, p. 1142, 1669; V. 90, p. Ill, 1491.)

SANTA FE PRESCOTT & PHOENIX RY.—(See Map Atchison Topeka
A Santa Fe.)—Owns Ash Fork, via Prescott, to Phoenix, Arlz., 195.4 m.,
opened In March 1895; branches, 114 m. P. 6b E. Jet. to Mayer, Arlz., 26.4
m., built under charter of Pres. 6b East., Is leased for 99 years and Its $375,000 bonds guar.
The Atch. Top. 6b S. Fe took possession Nov. 8 1901. hav¬
ing acquired $2,963,000 of the 2d mtge. bonds and all of the $7,903,000
stock, and the road has been operated as a part of the system since July 1 '06.
—(V. 73. p. 781. 844, 900, 954; V. 75. p. 667; V. 77. p. 90.)
SANTA FE LIBERAL & ENGLEWOOD RR.—\Projected roads Involved
SANTA FE RATON & DES MOINES RR.—
)ln failure of E. D. Shep¬
ard 6b Co.
See V. 88, p. 884, and Yankee Fuel Co. In V. 90, p. 378.
Protective Committee for Securities of AH Allied Companies.—Charles

H.

Lee. Chairman; Robert Lawrenoe. Sec.; Trust Co. of America, depositary.
—(V. 89. p. 163, 349; V. 90, p. 373.)
.

SANTA FE RATON & EASTERN RR.—Projected Raton. N. M„ to
Yankee, N. M., 12 m., of which 9 m. operated; branch from Carisbrook to
Sugarite, 3 m.; total, 15 miles.
See V. 88, p. 884; V. 90, p. 373.
Stock,
$300,000; outstanding, $60,000.
In June 1909 a bondholders’ protective
committee (John W. Platten, Chairman; Calvert Brewer, 55 Cedar St. Sec.;
U. S. Mtge. 6b Tr. Co., N. Y., depositary) was formed for the S. F. Raton 6b
Eastern and Yankee Fuel Co., V. 88, p. 1501.—(V. 90, p. 373.)

SARATOGA & SCHENECTADY RR.—(.See Map Del. A Hudson.)—
Saratoga to Schenectady, 21 m. Leased In perpetuity In 1861 to Rens. 6b
Saratoga and lease assigned to Del. A Hudson, by which It Is operated.
Rental, $31,750 per year.
Stock, $450,000.
Dividends, 7% yearly, paid
Jan. and July 15 at Troy, N. Y.
SAULT STE. MARIE BRIDGE.—Owns Sault Ste. Marie Bridge. Includ¬
ing 6,421 feet of main tracit. The Can. Pac., Dul. So. Shore 6s Atl. and
Minn. St. P. 6s S. Ste. Marie RR. cos. agree to pay for use of bridge an
amount equal to operating expenses and Interest and s. f. of debt.
Bonds
authorized, $1,000,000; s. f., $5,500 yearly.
Stock, $1,000,000.
SAVANNAH AUQUSTA & NORTHERN RY.—To extend from Savan¬
nah. Ga., to Chattanooga. Tenn., 380 miles, with branch to Augusta, Ga.,
40 miles.
V. 84, p. 1553.
In June 1910 in operation from Statesboro,
Ga., to Garfield, 25 m., and 34 miles additional graded.
Sold March 18
1910 at receiver’s sale for $250,000 to W. J. Oliver, who held a contractor’s
claim; sale confirmed. V. 90, p. 772, 1103.
Stock auth. was: Com., $8,000,000; pref.. $3,000,000, and bonds, $11,000,000.
Pres., Wm. H. Lynn,
New York; Sec., Hinton Booth, Statesboro, Ga.—(V. 90, p. 1103.)
SAVANNAH UNION STATION CO.—Owns union pass, station and ter¬
minal at Savannah. Ga., with 8 m. of track.
Leased by the Southern Ry.,
Sav. Fla. A West, (now Atl. Coast Line RR.) and Seaboard A. L. Ry..
which own the $300,000 stock, the rental providing for Interest and s. f. on
bonds, maintenance, 6bc.
Pres., J. R. Kenly; Treas., Savannah Tr. Co.;
Sec., W. V. Davis.—(V. 71, p. 343; V. 74. p. 1039, 1253.)
SAVANNAH & STATESBORO RY.—Owns Cuvier to Statesboro. Ga.,
32.6 m.: trackage, Cuvier to Savannah. 20 m.
V. 79, p. 2148. Stock,
$200,000, all outstanding.
Has traffic contract with Seaboard A. L.,
which guar, bonds by endorsement,_prln. and lnt.; Savannah Tr. Co., trus¬
tee, V. 75, p. 1303; v. 77. p. 695.
Form of guaranty. V. 81, p. 614. Year
ending June 30 1909, gross, $54,511; net, $16,842; other Income, $1,385;
lnt. on bonds, 6bc., $15,283; bal., sur., $2,944.
Pres, and Treas., J. Ran¬
dolph Anderson Savannah; Sec., J. A. Brannen. Office, Statesboro, Ga.
—(V. 83, p. 970.)
SCHUYLKILL & LEHIGH RR.—Owns from High’s Farm, near Reading.
Pa., to Slatlngton, Pa., 46.9 m.; total track. 56.71 m.
In 1883 leased to
Phlla 6b Read, for 999 years.
Rental. $27,000 yearly and taxes.
Reading
Co. owns stock) $600,000), of which $598,000 under Its gen mtge of 1897
SCHUYLKILL VALLEV NAVIGATION & RR.—Port Carbon to Reevesdale. Pa., 11 m.; 2d track. 5 m.; branches, 6bc., 11.62 m.; total track. 28 m.
Leased July 25 1861 for 999 years to Phlla. 6b Read.
Rental $29,450,
which pays 5% on stock and State taxes.

SEABOARD COMPANY.—Under the adjustment plan of the Seaboard
Air Line Ry. the holders of the stock of the Seaboard Company (common,
$28,545,775 first preferred. $6,360,600. and second pref.. $15,993,650* par.
$100) were offered the right to subscribe pro rata to the extent of 30% of
their holdings at 70, payable in Oct. 1909, for 5% adjustment Income bonds
of that co.
In July 1907 over 82 H% of the Seaboard A. L. stock had been
acquired In exchange for stock of Seaboard Co.—(V. 89, p. 43.)
SEABOARD AIR LINE RY.—(See Map.)—This company owns a line
from Richmond, Va., to Atlanta, Ga
and Tampa, Fla., 6bc., viz.
Lines owned in fee—
Miles. Lines owned in fee (concl.)
Miles.
Richmond,Va.. to Savannah, Ga_502 Savannah, Ga., to Tampa. Cedar
Wilmington, N. C., to Atlanta,
Keys, Chattahoochee River,
.

Ga
Atlanta

437

Blrm.
Air Line,
Ga., to Birming¬
Ala.
34
(Including

6b

Howells,
ham.

6bo
Starke to Wanee, Fla
Other lines

806

58
499

Proprietary Lines—
miles branches)
216 Portsmouth, Va.,toWeldon,N.C.
81
Savannah, Ga., to Montgomery,
State Line to Lewiston, N. C—
32
Ala.
(58 miles trackage de¬
Trackage
80
280
ducted)
Total sys. (see V.74, p.773)~2.995
The proprietary lines Include:
Roanoke 6b Tar River RR. (stock all
owned), 32 m.; Seaboard 6s Roanoke RR. (all of stock owned), 81 m.;
Georgia 6s Ala. Terminal Co., operating 8 m. of track.




Amount

Rate

When

Outstanding

%

Payable

Last Dividend
and Maturity

Places Where Interest and

Dividends

are

Payable

4 g

A

A

O Apr 1 1952

Standard Trust Ce, N Y

4
5

M

J

A
A

N May 1 1948
J July 14 ’10 2 X

Reading Terminal. Phlla
do

*

do

_

-

Old Loans excluding.!*) amounts

Date
Bonds

117

12,775,000
10.000,000
5.760,000
4.651.000
717,000
120,000
10 \000
413,000
256.000
250,000
561.000
1,056,000
338.000
975,000
630,000

210,000
1,311,000
3,000.000
*100.000
*55.000
3,000.000
410,000
4,372.000
2,033.000
6.085.000
1.000,000
5.360.000
1,000.000
1.200.000
2,500.000
•285.000
See text

24,979,500

A
A
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A
A
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ft Z
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5
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Up to 5 F A
4 g
5 g
4 g
6 g
ft g
5
4 H

O
N
S
S
J
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Apr
May
May
May

1 1950
1 1911
1 1933
1 1911

24 Broad St, New York
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust Co, N Y
do
do
Prov Life A Tr Co, Phlla
New York Trust Co, N Y
Phlla S D. Ins 6b Trust
24 Broad St, New York
do
do
Merc Tr 6b Dep Co. Balt
do
do
24 Broad St, New York
do
do
do
do
24 Broad St, N Y, or Balt
24 Broad St, New York
do
do
24 Broad St and Balt
Balt Trust A Guar Co
do
do
24 Broad St, New York
Checks mailed
New York

Jan
1 1934
To Nov 1917
A Nov ’10-Feb ’12
J Jan *11-Apr ’13
D Dec ’10-June’14
O Oct ’10-Apr ’15
D Dec *10-Dec’15
D Dec ’10-June’16
S Sept’lO-Sep *16
N Nov ’10-May’17
J Dec ’10-June’17
J Jan Ml July’17
15 Dec'10-Dec *19
J Jan 1 1949
N Nov 1 1928
O 1917
J July 1 1918
J Jan 1 1930
J Jan 1 1943
O Apr 1 1941
J Oct 1 1945*
D Dec 1 1948
J July 1 1929
J Jan 1 1926
J Jan 1 1947
J July 1 1926
A After July 1916
O Oct 1 1959
A Oct 1 1949
2H% paid Aug 1910

Also owns a 1-6 Interest In the Richmond-Washington Co., controlling the
from Richmond. Va., to Washington, D. C. (V. 73, p. 843), and under
traffic agreement with the Penn. RR. maintains through car service between
N. Y.. Phlla., Washington and the South.
In Jan. 1907 the entire stock of
the Macon Dublin 6s Savannah, Macon to Vldalla, Ga., 93 m., was
acquired
or secured under option, the $1,240,000 5% bonds
($1,840,000 auth. Issue)
being guar., prin. and lnt. V. 84. p. 104, 451.
Also controls the Bait*
Steam Packet Co. and a substantial Interest In the Old Dominion SS. Co.
In June 1909 a majority of the stock of the Chesterfield 6b Lancaster
Ry.,
Cheraw, S. C., to Crowburk, 38 miles, was acquired.
V. 89, p. 43.
road

ORGANIZATION.—An amalgamation In 1900 of “Seaboard” lines.
In
Sept. 1909 five subsidiaries, aggregating 387 miles. Including the Atlanta 6b
Birmingham Air Line, Florida West Shore Ry., 6bc., were absorbed. V. 89,
Receivers were appointed in Jan. 1908, but the company resumed
p. 994.

possession Nov. 5 1909 after reorganization without foreclosure.

STOCK.—Authorized, $75,000,000, of which $25,000,000 pref.; out¬
standing July 1909, com., $37,019,400. and pref.. $23,894,100.
Par. $100.
Adjustment Plan.—The adjustment plan (V. 89, p. 43) provided (1) for
the retirement of the $6,345,000 general mortgage 5s of 1907 by exchange,
$ for $, for 5% cumulative Interest (income) adjustment bonds (ranking
next after the new refunding bonds) both for principal and Interest due to
Aug. 1 1909. calling for $6,979,500 adjustment bonds In all; (2) the remain¬
ing bonds and the stock were undisturbed, except that the holders of the
first mortgage bonds of 1900 were to have their bonds stamped
subject to
call on any Interest day.
In Sept. 1909 over 92% of the first mortgage and
99% of the general mortgage bonds had assented.
V. 89, p. 666.
To provide the cash requirements of the plan, Including the payment of
the $7,510,000 receivers’ certificates, $700,000 6% notes and Interest, three
coupons on first mortgage bonds, floating debt, Ac., a syndicate underwrote
$18,000,000 of the adjustment bonds at 70 less commission.
Stockholders
were offered the right to purchase the bonds at 70.
Tue future development of the property and the refunding of existing
bonds Is provided for by a 4% refunding mortgage limited to $125,000,000,
but none had been Issued to July 1910.
The plan reduces the fixed Interest charges of the enlarged system belore
any of the refunding bonds are issued from $4,261,775 to $3,288,710.
BONDS.—The adjustment mortgage bonds (issue limited to $25,000,000)
are
entitled to cumulative Interest at 5% to be payable as earned In
installments of 1 Vi % or multiples thereof and are redeemable at par and
all unpaid cumulative Interest on any Interest date, their lien to be immedi¬
ately subsequent to the new refunding bonds.
No dividends are to be paid
on the stock until arrearages of Interest on the bonds are
paid in full.
Of
the

bonds

$6,979,500 were Issued to retire the $6,345,000 general mort¬
with Interest due to Aug. 1 1909, and $18,000,000, underwritten by
syndicate at 70 less commission, were offered to stockholders at 70.
V. 90. p. 1171, 1297, 1555.
First semi-annual coupon on adjustment bonds, 2 H%, was paid Aug. 1
1910.
V. 90, p. 1678.
4% Refunding Bonds Limited to $125,000,000.
[Redeemable at 105 and Interest on any Interest-payment date.]
(a) Amounts set aside, aggregating $75,000,000, viz.:
To retire underlying divisional bonds ($30,400,000);
first
mortgage 4s ($12,775,000); 3-year 5s and 10-year 5s ($14,651,000), and equip, trust obllg. (about $6,000,000)
$63,826,000
For double-tracking, reducing grades, revising lines, Ac
4,000,000
To aid in retiring Seaboard collateral trust and first mortgage
bonds; and for betterments, 6bc., but only upon request of
board of directors, by three-fourths’ vote
2,750,000
For betterments, improvements, 6bc
4,424,000
(b) Issuable under restrictions In mortgage, $50,000,000, viz.:
To provide for the development of the
property, the acquisition of addi¬
tional lines, equipment and other property, for Improvements, and for
the acquisition or retirement of bonds of subsidiary lines, and to take
up any of the $5,500,000 additional first mortgage 4% bonds which
To be certified not over $2,750,000 In each year.)
may be Issued.
Note.—The company Is to pledge under the refunding mortgage, as addi¬
tional security, all of the $21,500,000 first mortgage 4s now held as
security
for the two Issues of coll, trust 5s, due May 1911; the $5,500,000 first mtge.
4s formerly In the treasury or pledged for floating debt have been pledged
under the mortgage.
It Is Intended that the $5,500,000 additional first
mtge. 4s which the co. Is entitled to receive from the trustee up to and lncl.
the year 1913 shall also be ultimately pledged under the ref. mtge.
The ref.
mtge. forbids the Issue of any first mtge. 4s aside from this $5,500,000.
Tne following bonds, which will be released by payment of floating debt
or of bonds to secure which they are held, are to be canceled: Atl. 6s Blrm.
Air Line Ry. 2d 5s, $2,000,000; Catawba Valley Ry. 1st 5s,
$250,000;
Tallahassee Perry 6b Southeastern Ry. 1st 5s, $315,000.
The Atlantio
Suwanee River 6b Gulf Ry. 1st ftSr $448,000, are to be pledged under the
refunding mortgage. There have been released and placed In the treasury
for general purposes; Atl. 6s Blrm. Air Line 1st 4s, $150,000 (out of $5,910,000 Issued); Fla. A W. Sh. Ry. 1st 5s\ $38,000 (out of $755,000 Issued).
The Atlanta 6b Birmingham division 4s of 1903 ($10,000,000 authorized.
Issue) are secured on the Une from Howell’s Jet., Ga., to Birmingham, Ala.,
164 m., with branches, 34 m. V. 76. p. 1302; V. 77,
p. 647; V. 81. d. 1850.
The coll. tr. 5s of 1904 are secured by a Hen on $20,000,000 of 1st mtge.
bonds (subject to 5 > of 1901) and on various securities, and by direct
deposit of certain securities owned (see list V. 78. p. 821) and a general
mtge. on all other property other than securities specially exceDted.
V. 78,
p. 104, 229, 989; V. 84. p. 340.
GUARANTIES.—The Savannah 6b 'Statesboro and Macon DubUn 6i
Savannah bonds ($185,000 and $1,240,000 respectively) are guar. p. 6b 1.;
also Richmond-Wash. Co. bonds, jointly and severally with 5 other oos.
V. 77. p. 647, 648; V. 79, p. 2148.
EARNINGS (rail lines) (1909-10.-Gross, $18,474,099; net, $5,761,284
11 mos., July 1 to May 31.11908-09.-Gross,
16,259,574; net, 4,371,307
For 6 mos. ending Dec. 31 1909, net, $3,255,339, against $2,366,477 In
1908; taxes, $356,508, against $340,880; other Inoome, $125,534; charges,
$2,196,966; balance, surplus, $827,3911. See also V. 90, p. 504.
gage 5s
a

Miles

RAILROAD COMPANIES

[For abbreviations, Ac., see notes on first page]

.

Shamokin Sun bury &
2d M gold
Shamokin Valley & Pottsville—Stock guar by Nor Cen
First M $2,000,000 gold sink fund (not drawn)..c*
Shannon & Ariz—1st M red conv (V. 88, p. 1626)
F
Sharon—Stock ($1,600,000) 6% guar by rental

Sharon first mortgage gold (Sharon to Pymat,&c) _F
New Castle A Shenango Valley—First mtgeJnt guar

Shrevesport Bridge & Terminal—See St Louis Southwe
Sierra Railway
L
(of California)—First mortgage gold..
Second mortgage $860,000 gold
Yosemlte Short Line 1st M $875,000 gold guar p A 1
Silver Spring Ocala & Gulf—See Atlantic Coast Line
Skaneateles RR—First mortgage $100,000 gold-.Usm
Somerset Railway—First mortgage
c
Consolidated mortgage $420,000 gold
First and refunding mortgage $1,500,000 gold_-AB
Notes $1,500,000 guaranteed, principal and Interest
South Carolina Pacific—First mtge cur interest rental
South Dak Cent—1st M $1,000,000 red 105 beg ’17.AC
South Georgia—Mortgage $250,000 g
------ South Pacific Coast—First mtge gold gu (s f 1912) -F.c
So & No Ala—ConM (for $10,000,000) gold gu-.Ce.e*
___

Improv’t mtge $2,000,000 gold (owned by L & N)
Southern Illinois & Mo Br—1st M $3,000,000 g-Me.c*
South Indiana—Rec certs $700,000 red after 1 year_.
Flrst mortgage gold (see text)
uPc

Road

$6,000,000

38

$574,961.

1,000,000
869,450

1901
1909

1,000

50

Net operating revenues
Total net income
Interest on bonds, 8sc

$16,451,677

.___

Taxes

Rents.&c

1889
1887

1,000
1,000

882,150
164,000
250.000

1897
1904
1905

1,000
1,000

1,239,000
633,000

50

5
42
42
94

16
103
102
189
189
4.64
228
228

114
...

•*

—

—

HT ^

...

1898
1887
1900
1905
1907
1884
1907
1903
1887
1886
1904
1901
1908
1901
1906
1905
1906
1907
1899
1891
1909
1909
1910

500
500

Ac
Ac

1,000 &c
1,000
100 Ac

$5,113,435; bal.,
1907-08.
1906-07.
$15,675,449 $16,405,379
11,970,343 12,585,784
$3,705,106 $3,819,595
$3,743,602 $3,855,699
$3,715,595 $3,386,602

11,446,032
$5,005,645
$5,161,672
$3,916,280

623,935
133,270

600,500

113,380

514,008

413,390

surplus

$25,000 per mile and lst'mtge. 4H% bonds at $12,500 per mile (Central
Trust Co. of Cal., trustee) to be guar., prln. & lnt.
V. 81, p. 1175.
Stock authorized, $5,000,000; Issued, $3,248,000.
Of the $860,000 5%
40-year bonds, $227,000 are reserved for future requirements. V.79,p.270.
EARNINGS.—11 mos.J 1909-10
Gross, $386,307; net, $167,529
July 1 to May 31.
\1908-09
Gross, 377,383; net, 154,622
For year ending June 30 1909, gross, $418,595; net, $178,511; lnt., taxes,
8sc., $135,460; bal., sur., $43,051.
Pres., T. S. Bullock; Sec., S. D. Fresh¬
man, Jamestown, Cal.—(V. 80, p. 1112; V. 81, p. 212, 1175.)

SIERRA VALLEYS RR.—Plumas to Mohawk, Cal., 37 miles.

Sold In

foreclosure Jan. 30 1909 to Nevada-Callfornla-Oregon Ry., which will own
stock of new co. to be formed to take over road.
V. 88, p. 453. Year end¬

ing June 30 1909, gross, $93,648; net, $62,372. In 1907-08, gross, $88,883;
net, $48,281; lnt., taxes, &c., $14,673; bal., sur., $33,607.—(V.88, p.453.)
SOMERSET RY.—Owns road from Oakland to Klneo Station, Me., and
branch, 94 miles. In April 1907 the Maine Central acquired control; V. 85
p. 922.
Capital stock Is $736,649; par, $100; 1st and ref. 4s of 1905 ($1,500,000 auth. issue) are a first lien on the extension from Bingham to Moosehead Lake and equipment; of the balance unissued, $420,000 are reserved
to retire the $397,500 old bonds and $216,000 for improvements at 80% of
cost, but only when net earnings are twice the Interest on the bonds then
outstanding.
V. 83, p. 97.
In May 1907 $1,500,000 4-year 5% notes,
guar. prln. and lnt. by the Maine Central, were sold.
V. 84, p. 1183. For
year 1908-09, total oper. revenue, $270,944; net, over taxes, $31,760; other
Inc., $1,695; charges. $127,852; bal., def., $94,520.— (V. 89, p. 722.)
SOUTH CAROLINA & GEORGIA RR.—See South’n Ry., Carolina Dlv.
SOUTH CAROLINA PACIFIC RY.—North Carolina State line to Bennettsvllle, S. C., 10.50 miles.
Leased till Dec. 1914 to Atlantic Coast Line
RR. for Interest on bonds.
Stock, $100,000. Bonds, see table.
SOUTH DAKOTA CENTRAL RY—Owns Sioux Falls, S. D., to Watertown, 103 m., completed May 1908. Stock authorized, $2,600,000; outst’g,
$2,030,600.
Bonds, see table above. V. 84, p. 869; V. 86, p. 98
For cal.
year 1909, gross, $234,387; net, $113,017.
For year ending June 30 1908,

other Income, $27,468; charges, $38,453;
L. Maytag. Office, Sioux Falls, S. D.—
90, p. 1240.)
.SOUTH GEORGIA RY.—Adel to Greenville, Fla., 51 miles; leases West
Coast Ry., Greenville to Perry, 26 m.; total, 77 miles.
Stock, $500,000,
V. 83, p. 1172.
Year ending June 30 1909, gross, $182,575; net Income,
$67,983; lnt., taxes, &c., $38,220; divs. (20%), $11,600; bal., sur., $18,163.
Pres., J. W. Oglesby; Treas., C. T. Tillman.—(V. 83, p. 1172.)
SOUTH PAQIFIC COAST RY.—NARROW GAUGE.—Elmhurst to
Santa Cruz with branches; total, 97 miles, of which 39 m. narrow gauge;
ferry, 3 m.
Leased for 55 years from July 1 1887 to Southern Pacific Co.,
which guarantees the bonds and owns all the $6,000,000 stock.
Year
1908-09, gross, $1,096,851; oper. def., $126,224; def. under charges (Incl.
$405,277 additions and betterments), $859,687.
gross, $116,364; net, $50,902;
bal., sur., $39,917.
Pres., F.
(V. 84, p. 869; V. 87, p. 98; V.




M
J
F
3H g J
6
M
6
M
4H g J
6 g
J

81,814.000

227.000
25,000,000

A
A
A
A
A
A
A
A

N May 1 1912
J July 1 1925
A Aug 1010 3%
J July 1 1931
N Nov 11919
S Mch 4 1910 3%
D Junel 1919
J July 1 1917

6 g
5 g

A 12 A O
M 15 A S
M
A
S
4H g

5
5
4 g
4 g
1,000
5
1,000
1,500,000
6
100 Ac
104,600
6 g
750,000
5 g
1,000
250,000
4 g
1,000
5,500,000
3 g
1,000 10,000,000
6 g
1,000
1,920,000
4 g
3,000,000
1,000
6
382,000
4
1,000
7,537,000
g
3 g
3,212,000
3 g
1,000 &c
715,000
5 g
1,000
3,285,000
6
1,000,000
6
In
ioo 272,671,300
1909
500 dsc 30,618,500
4 g
6
1.715,000

100,000
225,000
172,500
864,000

1,000

The Yosemlte Short Line Ry. has partly built a 50-mlle extension from
Jamestown to Yosemlte National Park; this road Is to be leased; stock at

*

See text

100

RR"'"

$488,187 def.$685,874 def.$458,301
DIRECT6RS.—Y. Van den Berg, New York; H. Clay Pierce, St. Louis;
S. Davies Warfield, J. William Mlddendorf, John B. Ramsay, Baltimore,
Md.; B. F. Yoakum, Ernst Thalmann, H. Rleman Duval, James A. Blair,
N. S. Meldrum, L. F. Loree, Franklin Q. Brown, Henry C. Perkins, New
York, N. Y.; John Skelton Williams, Townsend Scott, Baltimore, Md.;
C. Sidney Shepard, New Haven, N. Y.; Wallace B. Donham, Boston;
Norman B. Ream. Chicago; Hennen Jennings, Geo. W. Watts.
Pres., N. S. Meldrum; Treas., R. L. Nutt; Sec., D. C. Porteous.
General office, Portsmouth and Norfolk, Va.; N. Y. office, 24 Broad St.
—(V. 90, p. 448, 504, 699, 915, 1171, 1297, 1555, 1678.)
SHAMOKIN SUNBURY & LEWISBURG RR.—[See Map Reading Sys¬
tem.)—Carbon Run Jet. to West Milton, Pa., with Iron bridge over Susque¬
hanna, 31 miles; second track, 15 m.; total of all track, 57 m.
Leased to
Used for coal
Phlla. & Read. July 2 1883 for 999 years at 6% on the stock.
traffic northward.
Stock, $2,000,000 (par $50), owned by Reading Co.,
of which $1,995,000 Is deposited under mtge. of 1897.—(V. 51, p. 21.)
SHAMOKIN VALLEY & POTTSVILLE RR.—(See Maps Pa. RR.)—Sunbury. Pa., to Mt. Carmel, Pa., and branches, 38 miles.
Leased Feb. 27 1863
for 999 years to Northern Central Ry. Co., with a guaranty of taxes. Interest
on bonds and 6% on stock, of which N. C. owns $619,650.—(V. 78, p. 1908.
SHARON RY.—Owns from Newcastle, Pa., via Sharon, to Pymatunlng,
Pa., with branches, 33.07 miles.
Leased to Erie RR. for 900 years from
Dec. 1 1900 for Interest on bonds and 6% on stock.
The stockholders voted
March 23 1908 to Increase the stock from $800,000 to $1,600,000 from time
to time for lmpts.—(V. 86, p. 722, 795, 1226.)
SIERRA RAILWAY (OFCALIFORNIA).—(See Map.)—Owns road from
Oakdale, In Stanislaus County, Cal., to Tuolumne, Tuolumne County, 56.5
m.; Jamestown to Angels, 19.3 m.; total, 75.8 m.; yard, &c., track, 8.6 m.
Balance,

2,000,000
600,000

1,000

5
6 g
6

Last Dividend
and Maturity

F
J
J
J
J
A
J
J
J
F
F
M
M
F
M
J
J
A

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

A
J
J
J
D
O
J
J
J
A
A
N
N
A
N
J
J
O

A
A
A
A
A

Aug
July
July
July

1 1918
1 1917
1 1950
1 1955

June 1 1911
1914
Oct
Jan
1927
Jan
1923
1937
July
1936
Aug
Nov
Nov
Feb

1936
1951
1910
1951

May
July
July

1916
1907
1936

Aug

Phlla A Read RR. Phlla
do
do
Broad St Station, Phlla
do
do
1st 6 mo. coup. Mch 1910
Sharon, Pa
Farmers L & Tr Co, N Y
do
do
Crocker
do
do

National Bank
do
do

U S Mtge & Tr Co, N Y
Nat Shaw Bank, Boston
do
do
Amer Loan 8s Tr Co, Bos
Second Nat Bank, Bos
Safe Dep 8s Tr Co, Balt
New York 8s Quitman, Ga
So Pac, 120 B’way, N Y

Office, 71 Broadway,N Y
Mercantile Trust Co, N Y
Aug *09 cp paid Aug 1 *10
First Tr 8s Sav Bk, Chic
Girard Trust Co, Phlla
July 1908 coupon not pd

July 1 ’J0 1H% Checks mailed
120 Broadway, New York

Q—J

J
J
4 g
M
4H g J
4 g
A

Apr 12 1937
Sept 15 1944
Sept 1 1945

Places Where Interest and
Dividends are Payable

D Aug 11949
J Jan 1 1911
S June 1 1929
J July 1 1929
O Apr 1 1950

do
do
do

do
do
do

June 30 1909.
1909.

1908-09.

30—

Total operating revenues
Operating expenses

Payable

$1,000,000

$5,561,250; other income, $127,146; charges,

Year ending June

When

%

1,000

slightly Inaccurate.
(Results for entire system (including Atl. 8s Blrm.
A. L. Ry., Fla. West Shore, Tallahassee Perry 8s Southeastern, Plant City
Arcadia 8s Gulf and Catawba Valley, 2,991 miles) were:
Gross, $18,338,sur.,

Rate

$1,000

REPORT. —Fiscal year ends June 30.
Report for 1908-09, V. 89, p. 840,
showed results on 2,603 miles as below.
Comparisons with 1906 07 are

874; net,

Amount

Outstanding

1882
1890

33
16
17
stern
77
77

--

$17,524,000 additional in treasury

Par
Value

38

Chicago Sou
Chicago Sou
Chicago Southern debentures $1,000,000
Southern Pacific Company—Stock ($300,000,000) ___
Coll trust M gold subject to call at par
Un.c*&r
Steamship first mortgage bonds Series A $3,000,000
Conv bonds $82,000,000 gold red text
xc*&r*
Gold bonds $100,000,000 auth red 105begJ’ly’12 Ox
g
redl05beg’
15.Usmxc*
&r
SFrTlstM$50,000,000au
Also

Date
Bonds

31
31

JFC
coupon notes gold guar p A 1
--GP
M $5,500,000 g red 102 H gu p As i_GP

General mortgage

a

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

118

SOUTHERN ILLINOIS & MISSOURI BRIDGE CO.—Owns bridge (and

4.64 miles of track) across Mississippi River at Thebes, Ill.
Stock, $50,000.
all outstanding, equally owned by the St. Louis Iron Mountain & Southern,
St. Louis Southwestern, Illinois Central, Chicago & Eastern Ill. and Mo.

Pacific, all of which, except the last named, have a 50-year contract dated
Nov. 11901 for use of the bridge, under which they agree to meet all charges.

SOUTHERN

INDIANA RAILWAY.—Owns from Main Street, Terre

Haute, to Ewing St., Seymour, 121.42 miles; Chicago extension. Chicago
Jet. to State line, 28.46 m.; Terre Haute Belt (east), McKeen to Chicago
Jet., 7.45 m.; Westport branch, Seymour to Westport, 26.45 m.; Sullivan
branch, Blackhawk to Sullivan, 18.48 m.; coal branches, 25.93 miles;
total owned, 228.19 miles.
Leases: Vandalla Line, Main St. to Union Sta¬
tion, Terre Haute, 0.30 m.; Chic. So. Ry., Ind.-Ill. State line to C. T. T.
connection (Chicago Heights), 114.30 m.; Bedford Belt Ry., Bedford to
Oolitic, 4.19 m.; total leased, 118.79 m.; total op. June 30 1908, 346.98 m.
The Southern Indiana Coal Co. and the Indiana Southern Coal Co., con¬
trolled by Southern Indiana Ry. Interests, were sold In May 1909 under fore¬
closure to the First Trust & Savings Bank of Chicago, representing Chicago

Clearing-House banks which held the bonds as part collateral for notes of
John R. Walsh.
V. 88, p. 1260, 1201; V. 83, p. 39, 75, 214, 750.
Included
in collateral turned over to banks on settlement of notes In Jan. 1910 was
$2,060,000 Sou. Ind. gen. 5s and $786,000 Chic. Sou. 5s.
V. 90, p. 111.
RECEIVERSHIP.—In Aug. 1908 Myron J. Carpenter was appointed
receiver of the Southern Indiana and Chicago South.
V. 87, p. 481, 545.
Foreclosure sales of the Southern Indiana under the gen. mtge. of 1906
and also of the Chic. Sou. were ordered In July 1910 but noAdate set.
V. 90, p. 1491.
The receiver’s certificates ($700,000 authorized) have a lien ahead of
the bonds.
V. 87. p. 1238.
In Feb. 1909 foreclosure was begun on Chlo.
So. mtge.
V. 88. p. 504. The receiver paid Aug. 2 1909 the Aug. 1908
coupons on the 1st 4s of 1901, on Jan. 17 1910 the Feb. 1909 and Aug. 1
1910 the Aug. 1909 coupons.
V. 89, p. 164, 226; V. 90,<rp.*237; V.91,p.215.
General Reorganization Committee.—In May 1910 a^general reorganization
committee, consisting of E. K. Bolsot, Chicago (Chairman committee of
holders of gen. mtge. 5s), A. G. Hodenpyl, New York (Chairman of com¬
mittee of holders of 1st 4s of 1901); Chas. D. Smlthers, New York (Chairman
committee of holders of Chicago Soutuern 5s); M. B. Johnson, Cleveland,
representing Cleveland Interests, was chosen by the committees representing
the several bond Issues and will shortly Issue a plan of reorganization cover¬
ing the entire system.
V. 90, p. 1364; V. 91, p. 155.
Committees for 1st 4s of 1901—(1) Anton G. Hodenpyl, Chairman; Bank
era’ Trust Co. of New York, &c., depositories.
In July 1909 $6,813,000
bonds had been deposited.
V. 87, p. 416, 286, 615, 679; V. 89, p. 164.
Geo.
Young,
(2)
W.
Chairman; Windsor Trust Co. of New York, dsc.,
depositaries. This committee purchased the Aug. 1908 coupon on bonds
deposited with It. V. 87, p. 416, 286, 546, 679.
Committee for Chicago Southern 5s of 1906.—Includes Chas. D. Smlthers*
Anton G. Hodenpyl and others; Silas W. Howland, Sec., 24 Broad St.*
N. Y.; Girard Trust Co., Phlla., depositary.
V. 88, p. 504, 565. ,
STOCK.—Authorized. $11,000,000; par, $100; all Issued.
BONDS.—Of the Chic. Sou. 5s of 1906 ($5,500,000 authorized Issue),

matured

$4,000,000 was Issued or reserved to retire the coupon notes which
July 1 1907, of which In July 1908 $715,000 remained unexchanged; balanoe
to be delivered to syndicate subscribers on exchange of remaining notes for
bonds.
V. 83, p. 817; V. 84, p. 932, 995. 1053; V. 85, p. 42; V. 87, p. 36,613.

Equipment notes, lncl. lnt., June

30 1908, $752,603, due 1908-09.
net, $433,535
net, 381,307
85. p. 1268.

EARNINGS.—11 mos.,/1909-10
Gross, $1,272,833;
July 1 to May 31.
\1908-09_
Gross, 1,090,567;
REPORT.—Report for year ending June 30 1907 was In V.
Fiscal
Gross
Net After
Other
Interest,

Bal., sur. or

Year—
Earnings.
Taxes.
Income. Rents., Ac.
deficit.
1907-08
$1,370,046 $165,240 $325,787 $531,736 def.$4O,7O0
1906-07
1,590,332
603,082
10,030
483,274 sur.129,839
Pres., E. K. Bolsot; Treas., E. F. Young, Grand Central Station, Chicago,
Ill.
New directors March 1910, V. 90, p. 699.—(V. 91, p. 155, 215.)

SOUTHERN NEW ENGLAND RR.—To build from Palmer, Mass., at a
Vermont, where an extensive dock system Is to
be constructed, affording the Grand Trunk a through line via the Central
Vermont from Montreal to Providence.
V. 90, p. 448, 1045; V. 91, p. 155.
Stock authorized to be $3,000,000 and bonds $6,000,000.—(V. 91, p. 155.)
SOUTHERN PACIFIC COMPANY.—(Sec Maps.)—ROAD.—This com¬
pany owns only 12 m. In fee, but, principally through ownership of stock;
partly by lease. It operates a great system of roads extending from San Fran¬
cisco to New Orleans (thence by company’s steamers to New York, &o.)
and to Portland, Ore., to Ogden, Utah, with branches.
System comprises the following, mostly described under their own titles:
connection with the Central

Miles.

1,518
97
3,535

Oregon & California RR
666
(2) Controlled by So. Pac. Co.—Op¬
erated by Cos. owning them.
Galv. Harrlsb. & San Ant. Ry.1,338
Houston A Texas Central RR..
789
Louisiana Western RR
198
Morgan’s La. A Tex.RR.&SS-. 351
Texas & New Orleans RR
452
Nevada&Cal. Ry. (V.81 ,p.l242)
422
Houston E. A W. Texas Ry—
191
Houston & Shreveport
Southern Pacific Co

Miles.

(3)

(1) Controlled: also leased.
Central Pacific RR
South Pacific Coast Ry.Southern Pacific RR

40

RR
--

Controlled by Morgan's La. A
Tex.—Op'd Independently.
Iberia A Vermilion RR
16
Total proprietary lines
9,625
Tot.(deduc.242 m. leas.toAtch)9,383
(4) Leased and Operated.
New Mexico A Arizona RR____
88
Sonora Ry
263
.

Tot. RR. mileage June 30 '09 9,734

Steamship Lines

5,071

Affiliated Lines.
Gila Val. Globe A Northern Ry_
Southern Pac. RR. of Mexico.

12 Maricopa A Phoenix RR

125
784

42

Grand total of owned, leased and affiliated lines June 30 1909
..10,685
June 1907 the Corvallis A Eastern, Yaqulna to Idanah, Ore., 142
miles, was purchased.
In Feb. 1910 the Arizona A Eastern RR. was InIn

July, 1910.]




RAILWAY STOCKS AND BONDS.

110

.

>■

120




-

-

RAILWAY STOCKS AND BONDS.

[Vol. lxxxxi.

July, 1910.]




RAILWAY STOCKS AND RONDS.
Wilkesbarre ''Sr
lb

J

WAP OF THE

SOUTHERN RAILWAY CO,
SYSTEM.
Southern Railway-owned or leased

Operated separately-Majority Stock Owned.
is interested
Principal Connections.

Other lines in which the Southern Railway

Trackage Rights

122




RAILWAY STOCKS AND BONDS.

[VOL. LXXXXI




July.
19 0.J

RAILWY
STOCKS
AND

BONDS

123

KAILWAY STOCKS AND BONDS

124:

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

2,020

Southern Paclfio of New Mexico 1st M gold....c6cr
California Pacific 1st M gold (extendedIn 1887) ..c
2d M gold guar p 6b 1 end by Cen Pac (ext 1891) _c
Northern Ry (Cal) cons (now 1st) M gold.Un.c* 6cr
Northern California first mortgage gold..
First oons ref M g gu red 105 alter 1910
Eq.xc* 6sr*

3,286

1,045
240
167
79
114
373
54
—

4,346
Text

Ce
Ce.c*
Ce.c*

Georgia Pacific first mortgage

Richmond 6b Danville consol mortgage gold..Ce.c
Debenture mtge old 6s (no longer Incomes) —Ce
Rlchm York River 6b Ches 2d M ext from 1900..G

Virginia Midland—Serial mortgages
General mortgage

—

44
191
164
566
•

_

Ce

•

•

_

_

38
•

—

1882
1887
1893
1881
1867
1871
1888
1889

1905
—

_

_

Ch Col 6b Aug 2nd mtge (now 1st)
Col 6b Green first mortgage gold

.

•

403

ORGANIZATION.—Organized under laws of Kentucky.

Last Dividend
and Maturity

See text 5 In 1908-09
6b
O Apr 1 1912
6b
O Apr 1 1937
6b
N Nov 1 1937
6b
J Jan 1 1911
6b
J Jan 1 1912
4H ff J
6b
J
J Jan 1 1911
4H ff
5 ff
A
6b
O Oct 1 1938
J
5 8
6b D June 1 1929
4 g
J
6b
J Jan 1 1955

1894
1906
1910
1902
1904
1905
1905
1906
1909
1910
1883

1872

1.000
1.000
1.000
1.000
1.000
1,000
1.000
100 6bc

1881
1882
1874
1882

1880
1881
1886

The Union

June

total

capital stock of $335,616,272 not being held on July 1 1909 by the Southern
“Omnibus Lease,” see “Supplement1* of Jan. 1899. Stocks
Pacific Co.
and bonds owned June 30 1909, V. 89. p. 1430.
STOCK, ETC.—Total com. stock authorized, $300,000,000, Including
$67,275,500 exchanged In 1899 for Central Pacific stock—see Central Pacific
132; V. 70, p. 740; V. 88, p. 507. Of the
conversion at $130 per share for4s of 1909.
The outstanding $74,756,765 preferred stock was called for payment
on July 15 1909, the holders having the option (1) to exchange the same
for a like amount of 4H% bonds of a new Issue limited to $100,000,000
and $20 per share in cash, or (2) an equal amount of common stock, or
(3) receive $115 cash.
Most of the holders exercised the option of conver¬
sion Into common stock, only $227,000 being exchanged for the new bonds.
V. 88, p. 1501; V. 89, p. 164.

and V. 68, p. 378, 725; V. 69, p.
stock, $63,077,000 Is required for

July ’07. Oct. *07 to July *10.
stock).\5% yearly (2 34 s.-a.)
1 34%.
6% yearly (134 quar.)
BONDS.—The 4% coll, trust gold bonds of 1899 are limited to $36,819,600 and are subject to call at par on 6 months* notice.
The first Issue of $28,818,500, secured by $67,274,200 com. and $12,000,000 pref. stocks of the Cent. Pac. Ry. Co., was Issued forthwith.
The re¬
maining $8,000,500 Is Issuable from time to time (but only as an equal
amount of Cent. Pac. pref. stock Is received), as provided in the mtge.; of
this sum, $5,000,000 par value bonds were reserved against issue of an equal
amount of Cent. Pac. pref. stock, for betterments or additions to the rail¬
road company’s properties. Issuable not exceeding $200,000 par value
thereof per annum; to June 301909 there had been Issued $1,800,000 of these
bonds simultaneously with deposit with the trustee of an equal amount o 1
Cent. Pac. pref. stock.
See mtge. abstract, V. 69. p. 859.
The 2-5-year coll, trust 4s of 1905, limited to $30,000,000. are secured by
deposit of $12,691,000 par value of various bonds and $69,434,500 stocks
of companies controlled, Including Pacific Mall, $10,005,000 stock.
V.
80, p. 1857; V. 82, p. 753.
DIVIDENDS.— 1 Oct. ’06—April *07.

"(Comraqn

The Cent. Pac. first ref. 4s and 30-year gold 3 Hs are guar. p. and 1.
In Mch. 1909 the stockholders subscribed for $81,814,000 or 4% 20-year
bonds at 96, convertible to June 1 1919 Into common stock at 130 at option
of holder and redeemable on any Interest day after March 1 1914 at 105.
V. 88, p. 507, 1062; V. 89, p. 44, 105.
As to new bond Issue dated July 1 1909, see STOCK above. V.88,p. 1501.
The stockholders April 6 1910 authorized a mtge. to secure $50,000,000
“San Francisco Terminal” bonds, bearing not over 5% Interest, covering
Bay Shore line and terminals, of which $25,000,000 4s were sold June 1910.
V. 90, p. 373, 448, 1555, 1615, 1678.
GENERAL FINANCES.—On June 30 1908 there was due the Union
Pacific $45,376,389 on demand loans made to temporarily finance the go’s

requirements: no loans and notes payable June 30 1909.

6 g
6 g
5 g

5,111,000
3,533,000
4,127,500
4,180.000
2.232.000
1,595,000
4,751.000
1,074,000

A
A
M
J

1,000
1.000
1,000
1,000
1,000
500 6bc 109,383,000
100 120,000.000
ds
100 60.000,000 See text A
A
6b
100
4
5,670,200
J
6b
1,000 6sc 58.279.800
5ff
A
6b
4 g
1,000 6bc 62.092.000
F
3 ff
6b
1,000 6bc 10.000.000
J
6b
5.913.500
4 ff
1,000 6ec
4 H ff J
6b
1,000
1.323,000
2.25 .000
1,000
4K ff M 6b
M 6b
4 ff
1,000
1.540.000
6b
4 H K F
1,000
6.300.000
6b
4
J
1,000
1,260,000
1,000
5.200,000
4H ff A 6b

PROPRIETARY LINES.—These, with a total mtge. indebtedness
$0 1909 of $333,^37,313, are mostly owned—only $74,373 out of their

V. 88 p. 303.

On June 30 1909 the company had unpledged in Its treasury $24:987,400
bonds and $175,832,903 stocks of various companies, and its assets exceeded
Its liabilities by $163,487,287.
V. 89, p. 1422. See V. 84. d. 1114.
See
Has sold (since June 30 1909) the $4,172,100
BONDS and STOCK above.
Mexican International stock owned and In Feb. 1910 the $1,530,000 Wells,
Fargo & Co. stock was reported as sold at a price netting about $8,000,000.
V. 89, p. 1598; V. 90, p. 373.
In June 1910 made a close 10-year traffic
agreement with St. Louis & San Francisco.
V. 90, p. 1615.
LATEST EARNINGS.—(1909-10.Gross, $123,728,193; net, $43,593,344
11 mos., July 1 to May 31. \ 1908-09.Gross, 110,124,420; net, 37,555,939

REPORT.—For 1908-09, V. 89, p. 1409, 1418: also editorial, p. 1387.
Years ending June 30—
1908-09.
1907-08.
Average miles—Proprietary and non-prop’tary.
9,505.61
9,626.43

$120,521,909 $123,276,921
79,584,375 88,613.192

Net revenues
------$40,937,534
Income from s. f. pledged for redempt. of bonds
205,800
Income from lands and securities not pledged—
821,858
Interest on stocks and bonds owned—... — ...
2,753,849
Miscellaneous receipts
60,178
Interest on loans and advances other than open
accounts of proprietary companies
1,430,664
.....

$34,663,729

$46,209,883

$38,657,477




Payable

500 6bc

completed In Nov. 1909 and 4 m. under construction; see V. 78, p. 2443.
In Nov. 1909 169 miles under construction In the U. S. had been mostly
completed.
The Southern Pacific RR. of Mexico, Incorporated June 24
1909 with $75,000,000 auth. stock, took over the 1,537 miles covered by
Mexican concessions, extending from Empalme to Guadalajara, 853 miles,
with branch lines 650 miles, of which 784 miles had been completed June 30
1909.
V. 83, p. 1536; V. 84, p. 1114; V. 86, p. 350; V. 87, p. 414; V. 88,
p. 303, 1622; V. 89, p. 1427.
Northwestern Pacific RR. (Jointly owned with Atchison), see that co.,
V. 84, p. 103.
In June 1909 advances for electric roads chiefly around Los
Angeles and Salt Lake City aggregated $7,410,694.
V. 84,,p 1114, 1249;
V. 86, p. 352, 353.
In June 1909 the controlled electric lines extending
from San Francisco to San Jose, 6bc., 220 miles, were consolidated under
name of Peninsular Ry., with $10,000,000 capital stock.
V. 89, p. 105.

Total net Income

When

%

1,000

Pacific Mch. 1910 owned $126,610,000 stock.a strong working control; but
the road continues to be operated Independently.
V. 72, p. 242, 248;
V. 75, p. 136; V. 90, p. 699.
In Jan. 1908 the Government brought suit
V. 86, p. 286.
to set aside U. P. control.
Inter-Callfomia Ry., 91 miles,

Operating expenses and taxes

Rate

500 6ec

corporated as a consolidation of controlled lines in Arizona (278 miles In
operation), the entire proposed system with extensions to be built to aggre¬
gate, with branches, 1,877 miles.
V. 90, p. 448.

Transportation operations

Amount

Outstanding

Places Where Interest and
Dividends are Payable

$100 $160000000 See text

Southern Pacific RR—Stock $160,000,000 authorized
First mtge Series E 6b F gold sinking fund
o*
So Pac Br 1st M gold s f $50,000 In 1897 not drawn
First consol mtge guar gold s f not drawn.-Ce.c* &r

Southern Railway—Common stock $120.000,000
Preferred 5% non-cumulatlve $60.000,000
M 6b O stock trust certificates
First cons M 1st on 900 m g ($120,000,000) .Ce.c* 6er
Development 6b gen M ($200,000,000) g..S.c*6&r*
Debenture notes, gold
c6cr
Monon joint M red 105 since 1907 half share.S.c*6sr
Equip trust Series E gold due J6s D, $147,000 s-a.PiP
Series H gold due $225,000 M 6b N
PIP
Series K gold due $140,000 M 6s N
Series L gold due $300,000 F 6b A
__EP.c*
Series M gold due $70,000 J 6b D
Series N gold due $260,000 A 6b O
__PeP
A—Properties Merged in Southern Railway Co.

Par
Value

Date
Bonds

[VOL. LXXXX-I.’.

181,532
729,366
2,923,697
35.101

124,149

150,000
500.000

6
7
6
0 ff
6 g
5

1.925.000
5.660.000
4.722.000
3.368.000
500.000

4H
5. 6

6,714,000
4.859.000

5

A
A
J
J
J
A
M
M
M

6b
6b
6b
6b
6b
6b
6b
6b
6b

6
O
J
O
A
J
J
N
N
A
D
O

O
O
J
J
J
O
N
S
N

Oct 17 1907 1H J P Morgan 6b Co, N Y
do
do
Apr 1910 2%
do
do
July 1 1994
do
do
Apr 1 1958
Feb 1 1913
do
do
do
do
July 1 1952
To Dec 1 1914 Prov Life 6b Tr Co. Phlla
To May 1 1915
do
do
To Nov 1 1916
do
do
To Feb 1 1921
Fidelity Trust Co. Phlla
To June 1 1919
To Apr 1 1920

Apr 10 1913
Oct
Jan
Jan
Jan

1
1
1
1

1910
1918
1922
1915

Apr 1 1927
Nov 1 1910

Var

1911-1931

May 1 1938

Years ending June 30—
on funded debt

$17,196,370
572,800

Sinking fund contributions and earnings
Hire of equipment and rentals (net)
Land department expenses and taxes

cr.

Miscellaneous expenses

Southern Pac. Co

Betterments and additions
Reserve for deprec’n of rolling stock leased to
other

companies..

Total charges

Surplus

over

J p Morgan 6b Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
Safe Dep 6b Tr Co. Balt
J P Morgan 6b Co. N Y

1908-09.

Interest

Taxes and other expenses

So Pac. 120 B'way, N Y
So Pac. 120 B’way. N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do

all disbursements

125.574
349,468
54,935
414,669
503.848

1907-08.

$16,103,961
548,532
617,122
344,625
26,992
270,099
282,952

363.964

585,455

$19,330,481

$18,779,736
$19,877,741
$5,240,652

$26,879,402

Dividends on preferred stock (7%)
$4,992,106
Dividends on common stock (6%)
$12:334,604 $11,870,955
Pres. 6s Chair. Exec. Comm., R. S. Lovett.—(V. 90, p. 1615, 1678.)

SOUTHERN PACIFIC RR.—(See Maps.)—About 3,535 m., embracing
through line from east bank of Rio Grande River through N. Mex. ana
Artz., via Los Ahgeles, San Fran, and Oakland, to Tehama. In No. Calif,

a

with numerous branches.

Of the lines owned and leased in 1909 (193 m. are

leased), 3,293 were operated In the So. Pac. system, 242 m. (Mojave to The
Needles) being held under long lease by Atch. In exchange for leases of 350
m. of road In N. Mex. and Arlz.
V. 65, p. 931, 1113; V. 64, p. 609.; V. 74,
p. 578; V. 81, p. 900.
STOCK.—So. Pac. Co. June 30 1909 held all the $160,000,000 stock.
Dividends 4% paid In 1906-07, 13% in 1907-08 and 5% in 1908-09.
BONDS.—Consolidated Mortgage of 1894 abstract was in V. 57, p. 1041.
The first consol, refund. 4s of 1905 ($160,000,000 auth. Issue) will eventu¬
ally be a first lien.
Form of guaranty, V. 82, p. 49. If less than entire
Issue Is redeemed, bonds shall be drawn by lot.
The mtge. covers 3,286 m.
of main track, and upon redemption (compulsory) of underlying bonds ag¬
gregating $13,291,000 it will by Apr. 1912 be a first lien on 2,495 m. thereof,
save lien of consol. 5s at $2,200 per m. on 1,911 m. in California iv
37, p.
1012; V. 88. p. 159; V. 89. p. 164.
In July 1909, $50,555,000 unissued, viz.:
Issuable to refund a like amount of prior lien bonds
$30,610,500
Issuable to aid in refunding any balance for other purposes
6,992,000
Issuable for construction, betterments. &c
12.952,500
ANNUAL REPORT.—For year ending June 30 1909 earnings were;
Gross, $43,829,940; net, $18,342,436; other Inc., $1,789,509; chges., $9,347,338; dividends (5%), $8,000,000; bal., sur., $2,784,607, of which share
Of So. Pac. $964,202, leaving $1,820,405.
In 1907-08. gross. $43,832,356.
—(V. 88. p. 159; V. 89, p. 164; V. 90, p. 168,850.)
SOUTHERN RAILWAY COMPANY.—(See Map, pages 120 and 121.)—
Company operates 7,050 m., extending from Washington, D. C., and West
Point and Richmond, Va., to Danville. Va., Greensboro, N. C.t Norfolk.Va.,
Charlotte, N. C., Columbia, S. C., and Atlanta, Ga., thence northerly to
Bristol, Tenn., southeasterly to the coast at Brunswick, Ga.. and westerly
across the State of Alabama and to Columbia, Miss.
Water lines—Chesa¬
peake SS. Co., 200 miles.
Owned in fee—
Leased—(Continued)
Miles.
Miles.
•North Carolina RR.—
Alexandria (near Washington)
Goldsb., N. C., to Greensb.. 130
to Greensboro, N. C
279
;—
Greensboro to Charlotte. 6cc.
94
Charlotte, N. C., to Augusta,Ga. 190
Columbia, S.C., to Greenv.S.C. 144 Atlantic 6s Danville Ry.—
Norfolk
to
West Point, Va., to Neapolls..
Danville, Va., and
179
branches
2GG
Salisbury, N. C., to Morristown,
14
Tenn
231 Lockhart RR
14
Memphis to Stevenson, Ala.... 272 Other
Co..trolled by securities—
Bristol to Chattanooga, Tenn..
242
161
Coster to Cumberland Gap. Ky.
64 Atlantic 6b Yadkin
State University RR
10
Ooltewah, Tenn., to BrunsWtclc
410 Elberton Southern Ry
51
54
Austell’, Ga., to State L., Miss. 260 North Carolina Midland
13
Atlanta Jet., Ga., to York, Ala.
271 Roswell RR
163
Atlanta, Ga., to Ft. Valley, Ga. 102 Other roads
Trackage rights—
E. St. L., Ill., to N. Alb., Ind.
265
17
Branches, &c
1,346 Hardeev’e, S. C., to Sav., Ga__
Washington, D. C., to Alex., Va. 10
Total owned
4,255 Stevenson to Chattanooga, 6bc.
38
York, Ala., to Meridian, Miss..
27
Kentucky 6b Indiana Bridge
Leased—(*see this co.)—
10
*
Selma, N. C., to Pinners Pt., Va. 154
Atlanta 6b Charlotte Air Line,
Chari., N. C., to Armour, Ga. 263 Savannah, Ga., to Jacksonville 152

•Georgia Midland Ry
Pittsylvania
Birmingham RR.—
Mobile, Ala., to Marlon Jet..
•Southern Ry., Car. Dlv.—

Franklin 6b
•Mobile 6b

Charleston, S. C., to Augusta,

98

30

150

Other

73

Total mileage op. July 1909..7,050

Controlled—operated separately—

Mobile 6s Ohio (see this co.)
Augusta Southern (see this 00.)
South. Ry. Co. in Mississippi..

926
83

281
Ga., with branches to Co¬
44
lumbia, S. C., &o
252 Blue Ridge
174
Camden,S.C., to Marion,N.C_ 171 Virginia 6b Southwestern
58
Ashev.. N. C., to Alston, S.C. 134 Tallulah FaUs
83
Other branches
201 Danville 6c Western
10
•Richmond 6b Mecklenb. RR..
31 Hartwell Ry
Also has one-sixth Interest In Rlchmond-Washlngton Co., owning union
line between Richmond and Washington, 115 miles.
V. 75, p. 449.
Has perpetual trackage rights over Atlan. Coast Line RR. between
Savannah, Ga., Jesup and Jacksonville, Fla., 152 miles.
In Aug. 1906 acquired the entire stock of the Virginia 6s Southwestern,
extending from Bristol. Va., northerly to Big Stone Gap and southerly co
Mountain City, Tenn., 134 miles, extensions being completed Jan. 1910
from Moccasin Gap to Persia, Tenn., 38 miles, and to coal fields, a totai of

V. 86, p. 1161; V. 87. p. 98.
Affiliated but Operated Separately—(See each company).
Alabama Great Southern
3571 Northern Alabama
Clncln. N. O. 6b Texas Pacific
3361 Georgia Southern 6b Florida
73 miles.

117

397

JULY, 1910-J

RAILWAY STOCKS AND BONDS.

135

RAILROAD COMPANIES

Miles

Date

Par

Amount

Rate

[For abbreviations, Ac., see notes on first page]

Road

When

Bonds

Value

Outstanding

%

Payable

Xortb

Carolina first cons mtge gold.-Ce.c*
Western
Bast Tenn Virginia & Georgia DIv mtge gold-Ce.c*
E T Va A Ga cons M gold (520,000.000)-.Ce.cdsr
Alabama Central 1st M Selma to Meridian gold—Ce
Knoxville A Ohio 1st M gold (V 70, p 1400) -Ce.c* &r

B—Southern Railway Divisional

Bast Tennessee lien

gold

Securities

Cc.c* &r

Memphis Dlv 1st M ($0,000,000) gold
Q.c*
Charlottesville & Rap 1st M s t red par Jan 1 yearly
Aiken Branch first mortgage gold (V 00. p 020)...A
St Louis Division first mortgage gold
IC.c* <5cr
Coll M g 00.500,000 s f sec M Os O gen 4s—G.c*0sr
Mobile 0s Ohio bonds—See Mobile

50
309
552

1884

l,020l

1886

1884
1880

95

1879

66

1885

1,020

1894
1898
1879
1898
1901
1901

292
28
24
365
—

Ohio RR Co
C—On properties Practically Owned by (•) or Leas ed to (a) So
Atlantic 0s Yadkin first mortgage gold guar.-Ce.c*
166
1899
a Richmond Os Mecklenburg 1st M 0215.000 gold__c
31
1899
aAtlanta 0s Charlotte—Stock
*
98 1896
Georgia Midland first mortgage Interest guar—Ce
a North Carolina stock 7% guaranteed
aMoblle 0s Birmingham RR prior Hen gold
149 1895
Ce.c
First mortgage 01,200.000
149 1895
-.Me.c
Preferred stock
Northern Alabama Ry—See that company
aAtlantlo Os Danville first mortgage
278
Me
1900
Second mortgage gold
278
1904
Ta
aTransylvanla first mtge 0500,000 gold
42
S.c* &r
1906
Virginia Os Southwestern Ry—See that company

1,000
1,000

Southern Railway, Carolina Division—
oSouth Caro 0s Georgia 1st M gold 05,250,000.Ce.c*
245
•Spar Union Os Col 01,000.000 guar Ash Os Sp gold.
Sumter Os Wateree River RR first mortgage
16
Ce
General mortgage 018,000,000 gold
N
Southwestern (Georgia)—Stock (see text)
333
Spartanburg Union A Columbus—See Southern Ry, Caroll
Spokane International—First M 04.200,000 goldKxc*
Spok Portl & Seatt—1st M 0100.000.000 g.Ce,xc*&r
-

_

-

—

1,000

1,000 Ac

pledged June 20 1909

uthem

5
5
6
4
4
4

under

----

1894
1895
1899
1902

100

1,000
100
200 1,000
200 1,000
100

-

-

g
g
g
g
g

F
J
J
M
J
J

A
A
A
A
A
A

A
J
J
N
J
J

M
J
J
J
J
M

A
A

S
J
J
J
J
S

A
A
A
A

1.500.000

4

A
M
M
A
F
J
J
J

A
A
A
A
A
A

4 g

315.000
4g
1.700,000 7 in 1909
1.650.000
8 g
7
4,000,000
600.000
5 g
1,200,000
4

900,000
3,925.000
775.000
434.000

4 g
4 g
8 g

J
J
J

A
A
A

1,000
1,000
1,000
1.000

5,250,000
1,000,000
100,000
5,000,000
5.191.100

5
4
5
4
5

M
J
A
J
J

A
A
A
A
A

4,200,000
J
See text
See text M

A
A

-

g
g
g
g

o
N
S
o
A

A
A

1,000
1,000
1,000 Ac

100
Dlv lslon
1905
1.000
1908 1,000 &c
-

g
g
g
g
g

co

nsolldate d mortgage;

STOCK.—Authorized 0120,000,000 com and 060.000.000 5% non-cumpref. stock. No additional mtge. can be put upon the property, nor can tht
amount of the pref. stock be Increased without the consent of holders of a
majority of the pref.
As to whether the pref. Is callable, see V. 72, p. 1136.
VOTING TRUST.—A majority of both classes of stock Is deposited with
three stock trustees under an extension consented to In 1902, untU Oct. 15
1907, and thereafter until terminated by a vote of a majority of the stock
assenting thereto, although the stock trustees may. In their discretion,
deliver this stock at an earlier date.
Stock trustees: J. P. Morgan, Charles
Lanier and George F. Baker.
Provisions of voting trust and pref. stock
oerts. fn “Supplement’' of April 1897, p. 6.
V 75. p 442. 612, 1033.
DIVS.(% ) 1 1897. 1898. 1899. 1900. 1901. 1902 to Apr 1907. Oct 1907.
On pref.
J 1
1
2
3
45 yearly A 2s O
1 H
On Oct. 17 1907 1 H% was paid from accumulated surplus, making 4%
for the year.
V. 85, p. 470. None since to July 1910.
V. 86. p 669.
BONDS.—First consol, mtne. (abstract V. 59, p. 783: see also V. 81, p.
1850: V. 84, p. 392: V. 89, P- 1598) Is limited to 0120.000,000, viz.:
Issued to Apr. 30 1910 (of which 01,277,800 In treasury)
058.920.800
Issuable only to (“prior bonds” (see V. 59, p. 785)
55.379,200
retire certain [stocks (see V. 59, p. 786)
5.700.000
Application of 0200.000,000 Development and General Mortgage Bonds.
Issuable forthwith
015,000.000
(1) To retire divisional prior Hens not provided for by the consoUdated mortgage
31.158,000
(2) To retire 016,000,000 collateral trust 5s, paid off April 1 1909 16,000,000
(3) To retire equipment capital obligations maturing In the next
15 years
18,008,000
(4) To acquire capital stocks of certain leased lines
10,000,000
(5) For Eastern Division of Tennessee Central (option expired) 10,000,000
(6) To provide for future acquisitions and betterments under
stringent provisions (a) at not exceeding 05,000.000 yearly
for Improvements and equipment, and (b) in exchange for
first mortgage bonds not exceeding In amount the actual cost
thereof of railroads and terminals hereafter acquired
99,834.000
The "development and general mortgage bonds,' on retirement of j>io,u0u,
000 coUateral trust 5s due April 1 1909, became a first lien on 764 miles of
road owned In fee, the leasehold, trackage or other rights on 1,085 miles,
and the majority of stock of roads aggregating 475 miles, a total of 2,324
miles: also on stocks giving perpetual rights to use freight and passenger
terminal properties at 16 of the principal Southern cities. Including a bridge
over the Ohio River at Louisville, and all future acquisitions, constructed
or acquired.
They are also a second lien subject to existing divisional
mortgages, for which bonds are reserved, on 1,272 miles, and a general lien
subject to the first consols on the property covered thereby.
See V. 82
p. 397: V. 86. p. 1468: V. 88. p. 565, 626. 1622.
Divisional first mortgage bonds. Issued in 1898 on account of purchase of
Mem. 2b Chari. Ry., bear 5% Interest since July 1 1906.
The total author¬
ized Issue Is 08,000,000 but 01.500,000 was reserved to buUd a line (under
construction In 1910) replacing trackage between Stevenson and Chattan¬
ooga, 42 m.: the remaining 01,417.000 Is held for betterments at not exceed¬
ing 0100.000 yrly.
V. 67, D. 179; V. 81, p. 1180; V. 83, p. 436; V.84,p. 392.
Second mtge. on former Mem. A Chari, secures 02,500,000 of 5s, of which
01,500,000 owned by Southern Ry. June 30 1909 and 01,000,000 reserved for
Improvements. St. Louis Division mtge. covers the former Lou. Evansv. 2s
St. L. RR., the balance unissued being reserved for extensions. Improve¬
ments or additional equipment.
V. 72, p. 138; V. 84, p. 392.
The collateral trust 4s of 1901 have been Issued, 0 for 0. in exchange for the
Mobile 2b Ohio gen. 4s as acquired, by a pledge of which they are secured.
Stock trust certificates for M. 2b O. stock are now entitled to dividends at
rate of 4% per annum In perpetuity.
V. 72, p. 242, 822. In 1909 08,107,000 of the $9,472,000 bonds and 05,670,200 of the 06.070,600 stock had
been deposited.
V. 72, p. 439: V. 73, p. 664. See M. A O. statement.
Jointly with St. Louis 2b San Francisco RR. guarantees bonds of New
Orleans Terminal Co.
V. 77, p. 38, 699: V. 79, p. 1466.
Equipment trusts mature as follows: Series E, 0147,000 each J. 2b D.;
Series H, 0225,000 each M. 2b N.; Series K, 0140,000 each M. 2b N.; Series
L, 0300,000 each F. 2b A.; Series M, 070,000 each J. 2c D.; Series N,
0260.000 each A. & O. V. 81, p. 1850; V. 82, p. 1323; V. 88, p. 1374;
V. 90, p. 978.
Miscellaneous equipment contracts Dec. 1909, 046,018.
Guaranty of Ala. Gt. So. ctfs., V. 81, p. 1725; V. 82, p. 162.
GENERAL FINANCES.—In Feb. 1909 021,233,000 “development and
general mortgage” 4s were sold to retire the 016.000.000 coU. trust bonds
maturing April 1 1909, and In April 1909 05,000,000 additional devel. and
gen. mtge. bonds were sold and 03.891,000 6% notes of 1908 drawn for pay¬
ment on May 1 1909: also about 015,000,000 bonds sold, the remainder of
the notes paid Nov. 1 1909.
V. 88, p. 565, 625, 1003, 1129; V. 90, p. 698.
In May 1910 a block of development 4s was sold In Germany.
V. 90, p. 1240
In Jan. 1910 010,000,000 5% 3-year gold notes similar to those
maturing
were sold to retire the remainder of the
015,000,000 bonds due Feb. 1 1910,
of which 05,000,000 had been canceled.
V. 90, p. 237.
LATEST EARNS.—/1909-10.Gross, 052,768,954;
op. Inc., 017,247,896
11 mos.,July 1 toMay31 \ 1908-09_Gross,
47,608,993; op. Inc., 15,278,643
For 6 mos. ending Dec. 31 1909, net, 09,163,999, agst. 08,063,531 In 1908;
other Inc., 01,097,747; deductions, $7,224,979; additions and betterments,
031,587; bal„ sur., $3,005,180. V. 90, p. 304.
ANNUAL REPORT.—Fiscal year ends June 30.
Annual meeting Is
held the second Tuesday In October.
The report; for 1908-09 was given at
length In V. 89, p. 989, 1011. See also editorial, p. 963.
Traffic.—The freight tonnage Is widely diversified, which is an element
of strength.
Agricultural products In 1908-09 furnished only about 12%
(cotton about 6%), while about 39% was from mining Industries (29%
being coal) and about 30% was product of manufactories. Ton rate.
0.952 cents per mile; revenue train-load, 215 tons.

Dividends

J P

July 1 1914
July 1 1930
July 1 1918
July 1 1925

Sept 1 1938
July 1 1996
July 1 1913
July 1 1998
Jan

1 1951

Sept 1 1938

are

Payable

Morgan A Co. N
do
do
do
do
do

Nov 1 1956

do
do
do
do
dc

do
do
do
do
Phlla Tr, S D A Insur Co
J P Morgan A Co. N Y
do
do
do
do

d 0225. 000

Years ending June 30—

Average miles operated
Freight
Passengers
Mall, express, 2cc
Gross earnings
Net earnings after taxes
Total net Income
Interest and rentals
Other deductions

Balance, surplus for

year

9

Apr 11949
Nov 1 1948
Mch 5*10 3

Apr 1 1946

Aug 1910 3
JlJuly 1 1945
J July 1 1945
J July 1 1910 2%

J July 1 1948
J July 1 1948
J Jan 1 1956

N
J
O
J
J

na

first

Feb 1 1924

Places Where Interest and

R V

1,000
1,000

ORGANIZATION, ETC.—A reorganization In 1894 of the old Richmond
2s West Point Ter. system.
V. 58. p. 263, 385, 858, 874. 1016, 1058.
In 1903-04 Jointly with Lou. A Nash, acquired 013,670,300 of the
015,500.000 Chic. Ind. 2sLou. stock In exchange for their Joint 50-year 4%
V. 74, p. 1029, 1090
bonds.




4,500,000
6.883.000
122,500
150,000
12.500.000
8,126,000

100 Ac
500

.

—

.

4
6
5
5
6
6

«

*

Also additional amounts

$1,000 d$l.025.000
1,000 C2.414.000
1,000
3.106.000
1,000 12,770.000
1,000
1,000,000
1,000
2.000.000

Last Dividend
and Maturity

do
do

do
do

U S
J P

Mtge ds Trust, N Y
Morgan 2s Co. N Y
Burlington, N C
J P Morgan 2s Co. N Y
do
do

do
do

Mercantile Trust Co, N Y
Trust Co of Amer, N Y
Standard Trust Co. N Y

Central Trust Co, N Y
do
do ‘
J P Morgan 2b Co* N Y
Apr 1 1919
do
do
July 1 1952
July 5 *102 H% Macon and Savannah,Ga.

May 1 1919

Jan

1 1995

J July 1 1955

Amer Exch Nat Bk, N Y

NjMay 1 1958
C

0 1,325,000
1908-09.

Inc. or Dec.
1907-08.
7,170
7,489
—319
034,376,619 034.171,329
+0205,290
13.510,791
14,315,961
—805,170
4,300,697
4,454,426
—153.729

052,188,107 052,941,716 —0753,609
14.839.388
11,080,290 +3,759.098
$17,737,699 013,846,967+03,890,732
$13,208,329 $12,380,387
+0827,942
1,018,270
1,187,436
—169,176
$3,511,100
$279,143+03.231.957

OFFICERS.—Pres., W. W. Finley, Washington, D. O.; Sec.. R. D.
Lankford. 30 Church St., N. Y.; Treas., H. C. Ansley. Washington. D. C.
Directors.—A. B. Andrews, Raleigh, N. C.: W. W. Finley and Fairfax
Harrison, Washington, D. C.; S. M. Inman, Atlanta, Ga.; Adrian Iselln

Jr., Charles Steele, Geo. F. Baker Jr., Harris C. Fahnestock, Robert M
GaUaway, Charles Lanier, Edmund D. Randolph and E. H. Gary of New
York.—(V. 90. p. 168, 237, 304, 699, 978, 1045, 1240, 1364.)

SOUTHERN RAILWAY, CAROLINA DIVISION.—Cayce, S. C., to

HardeevHle, 129 miles; Charleston, S. C., to Augusta, Ga., 137 m.; Kingville, S. C., to Marion, N. C.t 208 m.; branches, die., 286 m.; total, 758 m.
Leased to the Southern Ry.
Stock authorized, $7,798,700, of which
04,176,200 owned by the Southern Ry.
Of the generals of 1902 (018,000,000 authorized), $6,260,000 are reserved to retire at or before ma¬
turity the underlying divisional bonds, $5,000,000 have been used to
reimburse the Southern Ry. for the previous purchase of the several proper¬
ties, and the remainder Is available for Improvements, equipment and ex¬
tensions, 04,000,000 being reserved for a northwestern extension Into and
through the States of South Carolina. North Carolina, Virginia, Tennessee
and Kentucky. V. 75, p. 136. Pres., A. B. Andrews.—(V. 75,
p. 31,130.)
SOUTHWEST PENNSYLVANIA RR.—See Pennsylvania RR.
SOUTHWESTERN RR. (Georgia).—-Owns Macon, Ga., to Eufaula: Fort
Valley to Columbus, Ga., &c., with branches; total, 333 m. Leased for 101
years from Nov. 1 1895 to Central of Georgia Ry: rental, 5% on stock.
As
to suit, see V. 71

p. 809; V. 73. p. 1062.
Office. Macon. Ga.
SPOKANE INTERNATIONAL RY.—Owns from Spokane, Wash., to
Eastport, Wash., on the Can. Pac. Ry., about 140 miles, opened late In
Oct. 1906.
Canadian Pacific, with which road It has a traffic agreement,
has an option expiring Jan. l 1917 to purchase 52% of stock, with
right
to remaining stockholders to sell at same
price. V. 89, p. 594. Stock,
04,200,000; par of shares, 0100.
Bonds. $4,200,000 (see table above) have
been sold.
V. 81, p. 156, 1551. For cal. year 1909, gross, $790,157;
net, $300,295, lnt. charges $210,000; bal., sur., $90,295.
Pres., Daniel C.
Corbin; Sec. A Treas., Alfred C. Chapin, 192 Bway, N. Y.—(V. 89, p. 594.)
SPOKANE PORTLAND & SEATTLE RY.—Spokane. Wash., via Kenne¬
wick, to Vancouver, Wash., and Portland, Ore., 378 miles, with branch
from Goldendale to Lyle, 42 miles; total, 420 miles,
completed May 1909.

From Vancouver to a point near Portland the line Is owned as to an undi¬
vided two-thirds by the company, and as to an undivided one-third
by the
Northern Pac. Ry. Jointly controlled by Northern Pac. and Gt. Nor. Stock

authorized, $25,000,000, being increased from 010.000.000 In April 1908.
Bonds ($100,000,000 authorized Issue) are to bear interest at a rate to
be determined from time to time. Of the bonds, 040,000.000 were Issuable
to complete the 420 miles, the remaining $60,000,000
being reserved for
additional mileage, second track, equipment, &c.
V. 86, p. 1530. Pres.,
George B. French.—(V. 87, p. 1301; V. 88, p. 1198.)
SPOKANE TERMINAL CO.—Sec “Electric RaUway” section.
SPRINGFIELD (O.) UNION DEPOT CO.—V. 77. p. 770; V. 79. p. 2589.
SPUYTEN DUYVIL & PORT MORRIS RR.—Owns 6 miles double track

and connects the N. Y. C. A Hudson River with the N. Y. A Harlem
The N. Y. C. A Hudson River early in 1909 acquired remainder of 0989,000
stock.
V. 88, p. 375.
Leased In perpetuity In 1909 to N. Y. C. A H. R.
RR., rental covering interest on bonds and 8% on $989,000 stock, payable

Q.-M.

The first mortgage bonds ($20,000,000 authorized issue) are to bear
Interest and to be assumed as Issued; $2,500,000 were issued
mostly used to refund Indebtedness to the New York Central.
V. 89. p. 164, 287.—(V. 89. p. 105, 164, 287.)
STATE LINE & SULLIVAN RR,—Owns Monroeton, Pa., to Berenice,
Pa.. 24 miles.
Stock, 0980.250 (par, $50). Dividend, 1%, paid Dec. 7
not over 4%
3 Hs to be

as

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
Pennsylvania 8b New York Canal 8b RR. (rental, 040,000 per annum), and
so operated by Lehigh Valley.—(V. 74,
p. 479: V. 76, p. 332.)

STATEN ISLAND RY.—Clifton to Tottenvllle, 12.64 miles.

STOCK.—01,050,000, of which about $1,030,000 owned by B. 8b O.;

par,

075.
Year ending June 30 1908, gross. $245,345; net, $37,311; deductions,
041,209: bal., del.. $3,898.—(V. 61, p. 737; V. 89, p. 594.)

STEPHENVILLE NORTH & SOUTH TEXAS RR.—See

page 165.
STONE CANON PACIFIC RR.—Owns from a Junction with the Southern
Pacific near Paso Robles, Cal., to Stone Canon, 24 mUes.
Stock, $600,000;
par, $100.
Coal mining being prevented by litigation, Walker A. Dodge
was in Nov. 1909 appointed
receiver of the railroad and Hood McKay of
the coal properties.
V. 69, p. 1412. Bonds were guaranteed, p. 8b 1. and
sinking fund, by Stone Canon Consolidated Coal Co. through a mortgage on
all Its property subject to underlying mortgages,
amounting. It Is under¬
stood, to $530,000. V. 88, p. 376. Pres., T. H. Watkins, 71 Broadway,
New York.—(V. 88. p. 376; V. 89, p. 1412.)
STONY CREEK RR.—Norristown to Lansdale, Pa., 10 miles. Stock
$200,000 auth. (par. $50), of which $176,100 outstanding, the Reading Co
owning $110,900 and guaranteeing the bonds, prln. A lnt. V. 85. p. 532.
SULLIVAN COUNTY RR.—Road from Bellows Falls to Windsor. Vt..
26 miles.
Operated since April 1893 by Boston 8e Maine.
Net earnings,
less taxes and interest on bonds, paid lessor.
Stock, $500,000, owned by

126

[VOL.

RAILWAY STOCKS AND BONDS
Date
Bonds

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Par
Value

Amount

Rate

When

Outstanding

%

Payable

8
$989,000
6
$100
Spuyten Duyvil & Pt Morris—Stock 8% guar N Y Cen
3 Yk
2,500,000
1909 1,000 &c
1st mortgage $20,000,000 gold, see text_Ce.xc*dsr*
207,000
4H g
1,000
24 1898
State Line & Sullivan—First M $300,000 gold.-Un.c*
Staten Island Ry and Staten Island Rapid Transit— See B altlmo re & Ohl 0
See text
Stephen North & South Texas RR—1st M see text
6
500,000
24 1908
1,000
Stone Canon Pac—1st M $600,000 guar red 105 s f__G
4
350.000
10 1872
1,000
Stony Crk—lstM$350.000ext in *07 gu(V 85,p 532) .FP
4
1894
357,000
1,000
Sullivan County RR—First mortgage $400,000
c
Sunbury Hazleton & Wilkesbarre—Sunbury & Lewist own— See Pe nnsylvan la RR
6
100
240,000
Suncook Valley—Stock (6% rental Con & Mon)
700,000
47 1902
1,000
5g
Susq Bloomsb & Berwick—First M $700,000 gold.FP
100
2,500,000 See text.
81
Syracuse Binghamton & New York—Stock
884,000
1903
91
1,000
Tac East—1st M $1,500,000 g red 110 since ’08..IC.C*
_

_

_

_

_

_

Tallulah Fulls—First mortgage
S
Tamoa & Jacksonv—Galnesv & Gulf 1st M
Sc*
Tampa & Jacksonville first mortgage (see text) _. S
Tampa Northern—First mtge $5,000,000 g red 106.OB
Tanana Valley—First M $1,000,000 g s f red 105—K
Temple—Northw—1st M g $30,000 per m, red par —
Tenn Cent—Prior lien M $4,200,000 g red 110-MSt.c*
General mortgage $20,000,000 gold (see text)...c*
Tennessee Ry—First mtge $4,500,000 gold—S.c*&r
Terminal Railroad Association—First mtge gold.S.c*
First consolidated mortgage $12,000,000 gold-_S.c*
Gen mtge ref $50,000,000 g s f red (text)__Ce.c*&r
St Louis Bridge Co first pref erred stock guaranteed.
Second preferred stock guaranteed (endorsed) —
First mortgage gold
c*
Tunnel RR of St Louis stock guaranteed (endorsed)

58
48

__

®

®

45
_

320

:

320
35
—

_

—

_

_

_

_

1879

V

J July 1 1910 4% Grand Cent Station. N Y
do
do
D June 1 1959
Union Trust Co, N ¥
J Jan 1 1929

A
A

&
&
&

D June 1 1938
O Oct 1 1957
O Apr 1 1924

J
A

&
&

J July 1910 3%
O Oct 1 1952

J
J

j

1,000

582,000

500 &c

185,000
4,014,000
8,206,900
800,000
7,000,000
5,000,000
19,974,000
2,490,000
3,000,000
5,000,000
1.250,000
1,000,000

1,000
1,000
1,000
1,000
1,000
1,000 &c
100
100

500 &C

J

6 fir
5
5 g
6 g

6*

Mayl TO 2H%

Q—F

M
J
A
J
J
J
5g
4 g
J
5 g
J
5 g
J
4H g A
F
5 g
4 g
J
6
J
3
J
A

1,454,000
50.000
336,000
960.000

1,000

J

&
&
&
&
&
&
&
&
&
&
&
<fc
&
&
&
&
&
&

J Jan
S Mch
J Jan
O Apr
J
D
D
J
J
J
O
A
J

o

_

_____

For year 1908-09, gross, $402,735; net over taxes,
charges, $23,235; new equipment and improvements, $85,047;
dividends (8%), $40,000; surplus, $820.—(V. 65, p. 867.)
SUNCOOK VALLEY RR.—Owns road Suncook to Pittsfield, N. H., 17
miles. Leased till 1912 to Concord & Montreal for 6% on $240,000 of capital
stock; total stock Issued Is $341,700, of which $101,700 Is non-dividend pay¬
ing. Pres., Hiram A. Tuttle, Pittsfield, N. H.
Vermont Valley RR.

$149,103;

SUSQUEHANNA BLOOMSBURG & BERWICK RR.—Watsontown to
Beswlck, Pa., 47 miles.
V. 75, p. 343.
Stock $1,000,000, all outstanding:
par of shares, $50.
First dividend, 1%, paid July 1 1910. Bonds, see ta¬
ble.
V. 75, p. 1303; V. 82, p. 753.
Year ending June 30 1909, gross, $108,205; net, $43,617; charges, $47,744.
Pres., J. Henry Cochran, Williams¬
port, Pa.—(V. 90, p. 1678.)
SUSSEX RR.—Stanhope to Franklin, N. J., and branch, 30 miles. Oper¬
ated by Del. Lack. & Western, which owns a majority of the $1,638,600
•tock.
Dividends from earnings of 1899, 3%: 1900, 4%; 1901 to 1903, both
Incl., 2% yearly; 1904, 5%; 1905, none: 1906, 5%; 1907 and 1908, none:
1909, 2%. Cal. year 1909, gross, $186,536; net, $56,996; taxes, $16,000;
other Income, $2,919; misc. disbursements, $46,103; divs.

(2%), $32,772;

bal., def., $34,959.

SYRACUSE BING. & N. Y. RR.—See Del. Lack. & West. RR.
SYRACUSE GENEVA & CORNING RY.—See Geneva Corning & South.
TACOMA EASTERN RR.—Owns Tacoma, Wash., to Glenavon, 63 miles,
to bituminous coal fields; branches, 28 miles: total, 91 miles.
In 1909
the Chicago Milwaukee & St. Paul acquired the stock.
Stock, common,
$750,000; pref., 6% non-cum., $750,000; all issued; par of shares, $100.
V. 76, p. 655. Year ending June 30 1909, gross, $360,519; net, $119,111.

Pres., H. R. Williams, Seattle, Wash.; Sec., E. M.
—(V. 87, p. 98; V. 89, p. 412.)

Hayden, Tacoma, Wash.

TALLULAH FALLS RY.—Owns Cornelia, Ga., to Franklin, N. C., 58
miles, completed July 1907.
The Southern Ry. owns control. In March
1909 $1,454,000 bonds were issued under new mortgage to retire $874,000
V. 88, p. 687, 750, 884.
bonds and other debts.
Year end. June 30 1909,
gross, $98,582; net after taxes, $1,054; interest on bonds, $24,233; other
deductions, $9,012; balance, deficit, $32,191.—(V. 88, p. 750, 884.)
TAMPA & JACKSONVILLE RY.—Sampson City to Fairfield, Fla., 48 H
miles.
Extension from Fairfield to Dunnellon, 30 miles, is proposed.
Land grant, 480,000 acres.
In Aug. 1905 parties identified with the Georgia
Southern & Florida acquired control.
Stock authorized, $1,000,000; par
$100; Issued July 1909, $338,200.
The new first 5s are limited to $10,000
per mile,

subject to $150,000 old bonds, of which $100,000 have been paid off

and an option secured to pay the remainder.
Additional bonds at $2,000
per mile may be Issued for improvements after the company has earned
twice its Interest charges two years in succession. V. 89, p. 1543. Loans
and bills payable June 30 1909, $68,000.
Year ending June 30 1909, gross, $90,199; net, $38,598; Interest on bonds

$9,000.
Pres., A. P. Stuckey, Ocala, Fla.; Sec., F. M. Simonton, Tampa,
Fla.—(V. 89, p. 1543.)
TAMPA NORTHERN RR.—Owns Tampa, Fla., to Brooksville, 50 miles;
extension proposed from Brooksville to Dunnellon, 35 miles.
Stock, pref.,
$250,000; common, $500,000.
Bonds (authorized issue $5,000,000) are
limited to $10,000 per mile of road, 80% of the cost of new equipment and
the actual cost of terminals.
V. 87, p. 814; V. 89, p. 1484.
For year
ending June 30 1909, gross, $111,140; net, $38,579. Pres., M. F. Amorous,
Flvay, Fla.; Sec., W. F. Bentinck-Smlth, Boston* Treas., Gordon Dexter,
Boston, Mass.-1— (V. 89, p. 1484; V. 90, p. 978.)
TANANA VALLEY RR.—Owns road from Chena to Chatlnika, Alaska.
40 miles, and Junction to Fairbanks, 5 miles: total, 45 miles.
Stock,
common, $1,000,000; preferred 7% cum., $300,000; par, $100.
Div.
on pref. stock, 3H%, paid July 24 1909; Dec. 6,3>*%.
Bonds, see table
above.
V. 87, p. 1239
Collateral trust 3-year 8% notes, due Jan. 1
1911, $56,000, secured by deposit with N Y. Trust Co., trustee, of $94,000
first 6s.
For year ending June 30 1909 gross, $298,250; net after taxes,
$115,158; charges, $65,299; bal., sur., $49,859.
Pres., Falcon Joslln, Fair¬
banks. Alaska; Treas., Harris A. Bunn; Sec., H. B. Rettle
Office. 115
Adams St., Chicago.—(V. 89, p. 226, 919.)
TEHUANTEPEC NATIONAL RY.—V. 83, p. 1230. 1591; V. 84, p. 222.

TEMPLE-NORTHWESTERN RY.—Under construction
July 1910
from Temple, Tex., to Hamilton, 65 miles (to be completed by Jan. 1911)
and under contract to Comanche, In all 101.9 miles.
Extension projected
110 miles.
Incorporated Mch. 16 1910 with $100,000 capital stock. Bonds
authorized, $2,343,700 on 101.9 miles at $23,000 per mile: Guarantee State
Bank & Trust Co., trustee.
V. 91, p. 95. Pres, and Gen. Mgr..
W. J. McDaniel; V.-P. and Gen. Atty., H. W. Peck; 2d V.-P., J. B. Grigs¬
by; Treas., P. L. Downs; Sec., Sam. C. Taylor. Office, Temple, Tex.—
(V. 91,

p.

95.)

TENNESSEE CENTRAL RR.—Harriman, Tenn., westerly to Hopkins
ville, 251 miles.
Branches, 59 miles; lines at Nashville terminals, 10 miles*
total, 320 miles.
In Sept. 1909 extension from Hopkinsville to Paducah
70 miles, was reported as proposed.
Leases till May 1 2001. and owns
entire $1,000,000 stock of Nashville Terminal
T
*~
Co., including
*
f
terminals and
miles
of
18
track.
In
1904 reorganized without foreclosure.
bridge and
V. 78, p. 1783; V. 79, p. 213.
On July 1 1908 operation was resumed by the company, the Southern Ry
and Illinois Central, which purchased the prior lien bonds, having allowed
their 3-year oDtion to purchase the road to lapse.
V. 86. p. 39.
SECURITIES.—Stock outstanding, $8,000,000. all common (par $100.)
The prior lien 4s of 1904 (originally 5s, stamped 4%), are subject to call

at 110 on any int. day since Jan. 1909; of the proceeds of sale sufficient Is re¬
served to retire the $13,000 Nashville & Knoxville 6s due 1918. V.80,p.l059
The gen. 5s ($20,000,000 auth., Mero. Tr. Co. of St. Louis, trustee) are
limited (incl. $4,200,000 reserved to retire prior lien 5s) to $37,500 per mile
on the 320 miles of present mileage.
The remaining bonds can only be issued
for additional mileage at not over $25,000 per mile.
V. 78, p. 1783; V. 79,
p. 213.
The Nashville Term. mtge. Is for $1,000,000; see that company.




1 1923
1 1959
1 1929

In default

Reading Terminal, Phil*
Safe Dep & Trust

Co, Bo*

Manchester, N H, Nat Bk

Fidelity Trust Co, Phlla
D L & W RR Co, N Y
N W Harris & Co, Chlo:
Standard Trust Co, N Y
Standard Trust Co, N Y

do
do
Old Colony Tr Co, Boston*
Knickerbocker Tr Co.NY
1 1926
Dallas, Texas
1 1940
Miss
Valley Tr Co, St It1 1934
Mercantile Trust Co, St I*
1 1954
Standard Trust Co, N Y
1 1935
1 1939 ‘
J P Morgan & Co, N Y
do
do
11944
do
do
1 1953
do
do
1910
3%
do
do
1910 1H%
New York and London.
1 1929
1910
3% J P Morgan & Co, N Y
Grand Cent Station, N Y
1 1946

1 1949
July 1 1936
Dec
June
Jan
Jan
Mch
Oct

Aug
Jan

J July
J July
O Apr
J July
O Apr

11
1896
4 g
A
1,000
Terminal Ry (Buffalo)—1st M $1,000,000 gold__N.c*
Terre Haute & Indianapolis; Terre Haute & Logansp ort—S ee Van dalla RR
5 g
&
1887
M
S
138
1,000
23,000
Terre Haute & Peoria—First mortgage gold.
Un
1892
M
&
S
138
1,000
2,207.000
First mtge $2,500,000 gold guar p 3s 1 (end)__Un.c*
5text
*
See
2.649.300
Yearly
Texas Central—Common stock $2,675,000 authorized
&
1,324.500 5 in 1910 J
J
Preferred stock non-cumulative $1,325,000 auth—
&
O
268 1893
1,000
*850,000 4 & 5 g A
First M $2,000,000 gold red 110 ($150,000 4s)._F.c*
New ennsnl M, t,n hft $20,000,000 ant.h
See text
1910
F
&
A
4
111 1908
1,000
2,000,000
Texas Midland RR—First refunding mtge $2,000,000
ed.
*$650,000 additional 5s In treasury June 30 1909; to tal of $1,300 ,000 lssu
_

Places Where Interest and
Dividends are Payable

&
&
&

J

_

1909
1899
1909
1908
1906
1910
1904
1904
1905
1889
1894
1903
_

...

_

Last Dividend
and Maturity

LXXXXX

1 Union Trust Co, N Y
jR Wlnthrop & Co, N Y
1 1942
15 1907 5% Farmers L & Tr Co, N Y
do
do
15T02 X%
do
do
1 1923

Mch 1 1937

Sept
July
July
Apr

New York City.

Aug 1 1938

mos. to June 30 1909, gross. $1,316,396; net, $345,195.
May 31 1910, gross, $1,315,815, against $1,207,180 In?
1908-09; net, $414,369, against $320,220.
Chairman of Board, S. M. Felton; Pres., Ashbel B. Newell; V.-P., Eben
Richards, N. Y.; Sec., C. E. Norton, Nashville; Asst. Sec. and Treas.,
Thos. W. Serviss, N. Y.—(V. 87, p. 39; V. 88, p. 1063,1561; V. 89. p. 666.)

EARNINGS.—12
For 11 mos. ending

TENNESSEE RY.—Owns Oneida, Tenn., to Straight Fork, 35 miles.

In

Jan. 1909 extension of 20 miles was under construction; 10 miles of track
were being laid.
Stock auth.,
Road to be 75 miles in all when completed.
$1,000,000; outstanding, $700,000: par, $100.
Pres., Bird M. Robinson;
Sec., M. T. De Vault.
Office, 5 Nassau St., N. Y.—(V. 81, p. 1242.)

TERMINAL RR. ASSOCIATION OF ST. LOUIS.—PROPERTY.—Own*

with belt lines and bridges,
operates East St. Louis &
479; V. 83, p. 1168. Touch¬
ing the Missouri & Illinois Bridge & Belt RR., see that co’s statement.
ORGANIZATION.—Organized In 1889. The following companies are
sole owners: Cleveland Cincinnati Chicago & St. Louis, Louisville & Nash¬
ville, St. Louis Iron Mountain & Southern, Baltimore & Ohio Southwestern*
Missouri Pacific, Wabash, Vandalla RR. (Penn RR. system). Chic. Rock
Isl. & Pacific, St. Louis & San Fran., Chic. & Alton, Chic. Burl. & Quincy,
Ill. Central, Southern Ry. and the Mo. Kan. & Tex., the seven last named
having acquired their Interests In Dec. 1902 and Jan. 1903.. V. 75, p. 1355;
V. 76, p. 103.
These companies agree under contract to use the property
forever and pay as tolls the interest, taxes, rentals and other charges, and
each line will contribute its proportion to the extent of one-fourteenth to
make up any deficiency from unforeseen circumstances.
See V. 79, p. 499.
See also St. Louis Merchants’ Bridge Terminal RR. Gov. suit., V.88, p.1374;
and operates extensive terminals at St. Louis,
and a tunnel 4,800 feet in length: owns and
Carondelet Ry., 9.43 m., since 1903. V. 74, p.

V. 90, p. 373;

V. 91,

p.

39.)

LEASES.—The leases of the Bridge and the Tunnel are for their corporate
existence, and were made July 1 1881.
As to litigation, see V. 77, p. 299.
512; V. 78, p. 1908, 2443. 2600; V. 81, p. 32. 1666.

STOCK.—Authorized, $50,000,000; outstanding June 1909.

$2,882,000.

BONDS, &c.—Of the gen. M. ref. 4% s. f. gold bds. of 1953 ($50,000,000
auth.), $20,000,000 have been sold for new construction. Improvements and
additions, $17,500,000 are reserved to retire existing bonds and $12,500,000
for Issue at not over $1,000,000 yearly for improvements and acquisitions.
A sink. fd. commencing July 1 1906 will retire $100,000 of these bonds yearly
by lot at 110 and int. if not purchasable for less. The entire issue is subject
to call at 110 and Ini since Jan. 1 1910.
See V. 76, p. 267, 383, 481,
807; V. 79, p. 499: V. 83, p. 1168; V. 85, p. 1647; V. 86, p. 1591.
Guarantees $3,500,000 St. L. Merchants’ Bridge Ter. 1st 5s and interest
on $2,000,000 1st 6s of Merchants’ Bridge.
See those companies.
ANNUAL REPORT.—Year ends June 30.
Year—
Gross.
Net.
Other Inc.
Charges.
Bal., Sur.

1908-09
$2,322,535
$862,344 $1,986,272 $2,272,177
$576,439
1907-08
2,264,351
509,079
769,541
2,082,372
2,342,834
Chairman of Board, Julius S. Walsh; Pres., W. S. McChesney Jr.; Sec.,
C. A. Vlnnedge; Treas., F. C. Daab.—(V. 90, p. 373; V. 91, p. 39.)

TERMINAL RY. OF BUFFALO.—Blasdell, N. Y., to Depew, Erie

Co.,

N. Y., 11 miles.
Opened Sept. 15 1898. V. 67, p. 530. Stock is $1,000,000.
Lake Sh. & Mich. So. and N. Y. C. & H. R. RR. each owns 5,000
shares of the stock.
Year to Dec. 31 1908, gross, $104,063.
Sec., D. W.
Pardee, N. Y.—(V. 67, p. 530.)

TERRE HAUTE & PEORIA RR.—(See Maps of Pennsylvania

RR.)—

Road operated from Terre Haute, Ind., via Decatur, to Peoria, Ill., 174 m.,
of which 138 m. are owned and half Interest owned In 8 m., and 28 m. is by

trackage over other roads.
From Oct. 1 1892, leased for 99 years to the
Terre Haute & Indianapolis at rental of 30% of gross earnings, with a
minimum sufficient to pay int. on debt, the lease being assumed Jan. 1 ’05,
by the Vandalla RR.
See V. 55. p. 766: V. 81, p. 212. Lessee owns $646,700 of the $1,837,400 pref. and $1,559,300 of the $1,926,800 common, and

Pennsylvania Company Dec. 31 1909 owned $1,085,700 stock.
BONDS.—The consols (Union Trust Co., N. Y., trustee), carry tho
guaranty of the T. H. & Indianapolis.
In 1905 all back coupons were paid.
V. 81. p. 156, 212: V. 72, p. 481. 873.
See guaranty. V. 81, p. 212.
EARNINGS.—For cal. year 1909, gross, $749,234; def. under exp., $16,353; rental from lessee, $224,770; bal., loss to lessee, $241,123.—(V.81,p.212«)
TEXAS CENTRAL RR.—ROAD.—Waco to Rotan, Tex., &c., 266 miles;
contracts on branch De Leon to Cross Plains, 40 m., were let in Mch. 1910.
In June 1910 the Missouri Kansas & Texas acquired $1,254,300 pref. and
Application will be made to exchange!the
$2,602,100 common stock.

Eresent
$4,000,000
stock for
approximately
consol.
M. 6%
onds and
V. 91,
stockholders
$300,000 stock.
p. 95; V. 90, $3,700,000
p. 1556.
The
will vote Sept. 22 1910 on authorizing a $20,000,000
which will be Issued in the near future. V. 91, p. 155.

mtge., a portion of

DIVS —%—’97. ’98. ’99. ’00. ’01. ’02 to ’04. ’05 to'07. '08. ’09.
On common.

On preferred .. 3
3
After 5% on common

2H 2Hy’ly.

5 y’ly.
5 y’ly.

4
4 7H
5 y¥ly.
both stocks share pro rata.

LATEST EARNINGS.— (1909-10
1 to Apr. 30. \l908-09

Gross,

0
5

0
5

1910.;
0 *.

5,3

$892,502; net, $246,290

Gross, 1,031,060; net, 283,856
Surplus after charges, $189,283 in 1909-10, against $236,229 in 1908-09.
Report for year ending June 30 1909 was in V. 89. p. 914, showing (268
average miles), gross, $1,164,481: net, $236,214; charges, $69,222; divi¬
dends, $66,225; new equipment and improvements, $123,806; bal., deficit,
$23,039.—(V. 90, p. 1492, 1556, 1678; V. 91, p. 95, 155.)
TEXAS MIDLAND RR.—Road from Ennis on Houston & Texas Central
Ry. to Paris, Tex., 125 miles, of which 13 trackage over St Louis South¬
western.
In 1893 purchased by Mrs. Hetty Green.
Stock, $112,000; par,
$100.
In Jan. 1909 permission was granted to issue $2,000,000 4% bonds.
For year 1908-09, gross, $509,915; net. $62,543; charges, $112,274; bal.,
def., $49,731.
Pres., E. H. R. Green, Terrell, Tex.—(V. 88, p. 232, 159.)
TEXAS & NEW ORLEANS RR.—OSes Map So. Pac.)—Houston, Tex.,
to Orange (Sabine River), 111 miles; and Sabine Pass to Dallas, 314 miles;
10 mos., July

BO1N2DS7.

RSAATILONWCKDY

19 0.]

July.




128

Miles
Road

RAILROAD COMPANIES

.

[V OL.' LXXXXI •

RAILWAY STOCKS AND BONDS.

[For abbreviations, Ac.,

see

notes on first page]

Texas 4c N O off 1874—Sabine Dlv 1st M gold
Consolidated mortgage (or $4.185.000

c* &r
G.c*ftr

Dallas Dtv 1st M gold $20,000 per mile (text) -Un.c*
Texas ft Pacific—Fust consol (now 1st) M gold-FP.c*
Second eons Inc M ($25,000,000) g (see rem).Me.c*
Louisiana Dlv Br lines 1st M gold $12,500 p m._Me
Texas ft Pacific Equipment Ass’n bonds
Equip bonds series A, due $155,000 semi-annually..
Texas Short Line—First mortgage gold
Usm
Tidewater ft Western—First mtge $600,000 g..c*ftr

Tioga RR—First mtge due 1882 and extended gold..
Toledo Angola ft W—1st M g red 102 H (V 80, p 164)
Toledo ft Ohio Central—First M g (V 53. p 436)—Ce
Western Division first mortgage gold
N.c*
General mtge (V 62, p 504) ($2,000,000) gold.Ce.c*
St Mary's Division first mtge gold $500,000__.:G.c*
do
first pref lnc $500,000 non-cum 4%_S.r
Equipment notes due $32,000 semi-annually
Equipment notes due $28,000 semi-annually.
Equip notes. Series B, $60,000 seml-ann.-PeP.c*
Zanesville ft Western car trusts guar, $25,000 s.a S.c*
Guaranteed Bonds—Kan ft Mich Ry—See that oo
K ft H C ft C M g $3,500,000 s f red 110 after *11...0
Contnental Coal 1st M g s f red at 110 after 1912..S
Tol ft Ohio Cent Ext 1st M (foreclosed) lnt only guar
Toledo Peoria & Western—1st M (for $5,000,000) .F.c*
Tol Riverside—1st M g red 102 H to March 1909 text
Toledo Terminal—First mtge $6,000,000 gold lnt guar
Toledo Saginaw ft Muskegon—First mortgage
Toledo St Louis & Western—Pref stock 4% non-cum
Prior Hen mortgage $10,000,000 gold
,__F.cftr
First mtge g $6,500,000 red after July 1925.Ta.cftr
Coll tr bonds secured by C ft A stock, Ser A__Ce.c*
do

1,387

11387
398

9 H

92
46

196
Text
335
61
61

1882
1893
1900
1888
1888
1901
1902-8
1907
1902
1905
1852
1902
1885
1892
1894
1901
1901
1906
1907

Equip trust (V 83, p 39) g gu $50,000 due s-a.PeP.c
Toledo Walhonding Valley ft Ohio—Stock $4,000,000
First mortgage ($20,0001 A guar p & i (end)..F.c* 1
per mile) $4,000,000fB
do
c*)
gold
JC
do
_.._-_c*J
Tombigbee Valley—First M $1,200,000 g (see text).K
Gen” mtge $400,000 ($3,000 per mile)N.

Par

Amount

Rate

When

Value

Outstanding

%

Payable

1,000
1,000
1,000
ftc

500

1,000
1,000
1,000
1,000
1,000

1,000
1,000
1,000

—

230
31.27
96

_

1907

1,000

1901
1902
1888
1887
1902
1907
1888

1,000

1900
1900
1907
1907
1906

1,000 ftc
1,000 ftc
1,000

1.000
1,000

1,000
1,000
1,000
1,000
100

451
451

234
r

236]

l

62
62

^

_

1891
1893
1902
1906
1910

1,000
1,000
100

1,000
1,000
1,000

Last Dividend
and Maturity

8 g
ft
J
3,250,000
J
& g
A
F
ft
3.023.000
8 g
300,000
M ft N
4 g
4.895,000
J
ft
J
M
8 g
ft
S
150,000
4,000,000
4K g M ft N
5
ft
J
1,662,000
J
10,000,000 4 In 1909
Q—J
ft
J
9,550,000
3Kg J
4 g
A
ft
6,500,000
O
ft
A
F
4 g
6,480,000
2-4 g
A
F
ft
5.047.000
S
650,000
4 H g M
ft
3,500,000 3 In 1909 Yearly
ft
1,500,000
J
4H g J
978,000
ft
J
4Kg J
4 g
M ft
S
1.418,000
5 IT
301.000
A
o
6
J
ft
J
186,000

J P Morgan ft Co, N Y
do
do

O.,

ft
ft
ft
ft
J
March
ft
J

*

July 1 1951
Feb 1 1952
Nov 1 1938

July 1 1917

TEXAS ft PACIFIC RY.—(See Map Mo. Pac.)—New Orleans, La., west

ORGANIZATION.—In 1888 reorganized by the plan In V. 43, p. 164,
and V. 45, p. 401, without having the foreclosure sale confirmed, thus pre¬
serving the original Federal charter.

STOCK.—Authorized,

$50,000,000;

Issued,

$38,763,810;

par,

$100

Missouri Pacific (incl. Iron Mtn.) June 30 1909 owned $6,555,000 Stock.
BONDS.—See 1888 mortgage abstracts, V. 47, p. 82; V. 78, p. 1448.
The Weatherford Mineral Wells ft Northwestern ($660,000 5s of 1902) are
guaranteed, principal and interest, by endorsement.
V. 78, p. 344. The
Opelousas Gulf ft Northeastern bonds (authorized Issue $5,000,000, of
which $1,143,000 outstanding, all In the treasury of Tex. ft Pac. Dec. 31
1909) are also guaranteed, and $100,000 Denison ft Pacific Suburban 5s.
Louisiana Branch Lines mtge. is limited to $7,000,000. V. 72, p. 577,1189.
Interest scrip. Income and land grant bonds (a stock liability), retirable
under reorganization agreement), $94,210; other scrip, $7,266.
On 2d M. income 5s there Is no right to foreclose unless default Is made on
1st mtge.
All except $980,000 of the 2ds have been exchanged for 65% In
St. Louis Iron Mtn. ft S. 4s.
V. 68, p. 525, 619, 725, 774; V. 70, p. 533.
Interest on 2d mtgel 1900
1901
1902 to 1907
1908
1909
1910
Incomes (%)
IK
4
3K
0
0
j
5 yearly

EARNINGS.—5 mos.,jl910_
Jan. 1 to May 31.
\1909

Gross, $6,270,394; net, $1,274,842
Gross, 5,621,513; net, 1,000,816
ANNUAL REPORT.—Report for 1909 was In V. 90, p. 767

Year ending Dec. 31—
Gross earnings
Net earn'ngs
Other Income

Total net Income

Interest
Interest
Taxes

on
on

first mortgage
second Incomes

...

Impr’ts, equip., discount, &c

1909.
1908.
1907.
$14,960,653 $13,917,315 $16,671,668
$4,052,334
$3,628,507
$5,093,728
57,235
127,818
110,553

$4,109,569
$1,498,500
535,576
1,387,130

$3,756,325
$5,204,281
$1,498,500
$1,493,625
.(3 ^)863,664
558,429
604,100
1,434,381
2.502,742

Balance
sur .$688,363sur .$265,015def $259,850
N. Y. office, 165 B’way.—(V. 90, p. 767.)

TEXAS SOUTHEASTERN RR.—TEXAS SHORT LINE RR.—See p. 166.

TIDEWATER RY.—See Virginian Ry.

TIDEW. ft WEST.—See p. 166.

TIOGA RR.—See “Supplement” of July 1894.
200, and $189,700 preferred; par, $50.

Stock,

common,

$391,-

TOLEDO ft OHIO CENTRAL RY.—Operates 441 miles, viz.:
Miles. Peo. to St. Mary’s, (V. 73, p. 660) 60
.173
Trackage (37 miles)—
Miles.
4 Walbridge to Toledo
5
13 Bremen to New Lexington
11
145 To Chauncey, Carrington, ftc.
30
Owns all stock and bonds of Zanesville ft West. Ry., Thurston to Shawnee
and Zanesville, O., with branches, 89 m., oper. separately.
V. 75, p. 906In Mch. 1910 the Lake Shore ft Mich. Sou. acquired all except $54,100 of
the $6,500,000 com. and $11,600 of the $3,708,000 pref. stock, previously
held in the Interest of the Hocking .Valley; the Lake Shore also purchased
jointly with the Chesapeake ft Ohio the controlling Interest in the Kanawha
ftlMlchlgan. V. 90, p. 771.
Lines owned—

Toledo to Bremen
Alum Creek to Truro Junction
New Lexington to Corning
Whitmore to Thurston

DIVIDENDS.—On com.: In 1891, 2%; in 1892, 4%; 1893, 2%; 1909,
Feb., 1%; Aug., 1% from earnings of preceding fiscal year.
On pref.,
April 1890 to July 1896, incl., 5% yearly; 1909, Feb., 5%; Aug., 5% from
earnings of preceding fiscal year.
V. 87, p. 412, 471.
GUARANTIES.—The company guarantees the principal and lnt. of the
Kanawha ft Michigan first mtge. bonds (see that company), and, jointly
with Hocking Valley Ry., the K. ft Hock. Coal ft Coke bonds (see V. 74,
p. 271; V. 77, p. 2393) and Continental Coal Co. bonds (V. 75, p. 499)also guarantees lnt. only on $300,000 T. ft O. Cent. Ext. 5s (foreclosed).
EARNINGS.—11 mos.,/1909-10
Gross, $3,873,635; net, $1,293 932
July 1 to May 31.
11908-09
Gross, 3,777,869; net, 1,239,606
ANNUAL REPORT.—Report for 1908-09 was In V. 89, p. 913.
of total
tonnage In 1909, 72% was bituminous coal.
Years ending June 30—
Inc. or Dec
1909.
1908.
Operating revenues.
$4,089,607 $4,191,999
—$2,392
Net, after taxes
$1,162,093
$1,271,653 —$109,560
Other Income..
89,930
155,844
—65,914
Total net Income




$1,252,023

$1,427,497

—$172,474

^

Amer Exch Nat Bk,

N Y

Columbia Trust Co, N Y
All owned byGrand Tr’nk
1 1918
15’10 1% Checks mailed
Office 60 Wall Street.N Y
1 1925
do
do
1 1950
do
do
1 1917
do
do
Aug 1 1917
Sept’10-Sept*16 Penn Co Ins on Lives, fto
Dec 31 ’09 3% All owned by Penn Co
Farmers’ L ft Tr Co, N Y
July 1 1931
do
do
July 1 1933
do
do
Sept 1 1942
New York
Apr 1 1956
4

Jan

Additions and Improvements
Preferred dividend, 5%
Common dividend, 1 %

to El Paso, Tex., 1,150 miles; Marshall via Texarkana Jet. and Whitesboro
to Fort Worth, 335 m.; branches, 400 m.; total, 1,885, of which 92 m..
Sierra Blanco to El Paso, trackage, leaving amount owned 1,793 miles.

U S Mtge ft Tr Co. N Y
Jan. ’08 coupon last paid
Newbold’s Son ft Co, Phil
Ohio Sav Bk ft Tr Co, Tol
Central Trust Co, N Y
do
do
do
do
G a^anty Trust Co,NY
Second Nat Bank, Toledo

July
July
July
Apr
Aug

SECURITIES, &c.—The stock is $5,000,000, all but $500 owned by the
Sou. Pac.
First 7s are purchased by the s. f. at not over 110.
Ther- wit
also June 30 1909 $297,313 Texas School Fund 6s. lnt. M. ft N.. prin. paya¬
ble 2% per annum.
Lands unsold (451,954 acres on June 30 1905) became
a free asset Aug. 1 1905 on maturity of the main line mortgage.
The first mortgage of 1900 secures bonds at $20,000 per mile on the road
extending from Rockland to Dallas, Tex., 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, $476,000 6s,
all owned by So. Pac.
V. 76, p. 1302; V. 80, p. 1425.
Gross, $3,466,477; net, $917,486
Gross, 3,234,585; net, 668,021

*

Mch 1 1927
Nov 1 1957

Years ending June 30 (concl.) —
Interest, rents, ftc

EARNINGS.—11 mos., f 1909-10.
July 1 to May 31.
11908-09

Dividends are Payable
So Pac, 120 B’way, N Y
do
do
do
do
Mercantile Trust Co, N Y
3K% paid March 1 1908
Mercantile Trust Co, N Y

M
J
F

Houston to Clinton, 8 m.; Nome to Sour Lake. 8 m.: West Port Arthur to
Port Arthur, 3 m.; Gallatin to Rusk, 8 m.; total. 452 miles.— (V. 80, p.l *25

In year ending June 30 1909, gross, $3,649,710; net, including other
Income, $832,575; surplus over charges, $106,374.
In 1907-08, gross,
$3,869,434; net, $757,893.—(V. 89, p. 1669; V. 90, p. 168.)

Places Where Interest and

S Sept 1 1912
2,575,000
g
J July 1 1943
1,620.000
g
A Aug 1 1930
3.997.000
g
D Junel 2000
24.99 .’.975
g
2 4,663,161
1 Dec 1 2000
g
J Jan 1 1931
4.970,000
g
To Dec 15 1918
796,000 4K ft 5
5 g
D To June 1917
2 170.000
.T
ft
8 g
ft
J Jan 1 1922
J
175,000
ft
4 g
J
J July 1 1955
300,000
M
8 g
ft N Nov 1 1915
239,500
8
ft
S Sept 1 1922
M
175,000
g
8 g
J
ft
J July 1 1935
3,000,000
ft
8 g
A
O Oct 1 1935
2,500,000
5 g
J
ft D Junel 1935
2,000,000
4 g
F
ft
A Feb 1 1951
500,000
Feb 1 1951
500,000 Oct 1 If earned
ft
J Jan *11-Jan *13
160,000 4H*5g J
4
M ft N 15 Nov’10-May *17
392.000
4 g
J
ft
J Jan ’ll-Jan *20
1.140,000
4 g
ft
D Dec ’10-Dec ’17
375,000
J
6
&
4
6
5
5

1,000
1,000
1,000
1,000
1,000
1,000

„

Ser B

do

do

104
209

Date
Bonds

1935
1908.

1909.

$565,513

$512,821
101,444
185,070
58.463

68,220
*185,070
*58,463

Inc. or Dec

—$52,692
%33,224

$394,223
$550,232 —$156,009
surplus, but thus shown for sake of simplicity.
Pres., W. C. Brown.—(V. 89, p. 913; V. 90, p. 169, 560, 850.)
TOLEDO PEORIA ft WESTERN RY.—(See Maps of Pennsylvania RR.)
—Owns from Effner, Indiana State line, to Warsaw, III., 220 miles; La
Harpe to Iowa, III., 10 miles; jointly with Wabash, 1 mile; trackage to
Peoria and Burlington, la., 17 miles; total, 248 miles.
ORGANIZATION.—In 1894 joint ownership and management by Pa.
Co. and C. B. ft Q. was arranged.
Stock, $4,500,000 (par $100); out¬
standing, $4,076,900. Mortgage abstract, V. 45, p. 242.
Equipment trusts and notes June 30 1909, $111,431; bills payable, $798,000. Including $220,000 Issued Jan. 1905 to pay off the debenture scrip.
ANNUAL REPORT.—Years ending June 30 (V. 89, p. 914):
Year—
Gross.
Net (aft. taxes). Charges. Impr’ts.
Balance.
1908-09
$1,094,158
$181,098 $232,103 $18,085 def.$69,090
1907 08
1,221,480
44,901
200.586
236.817
def 81,132
—(V. 83, p. 689, 819; V. 85, p. 406; V. 87, p. 1084: V. 89, p. 848. 914.)
TOLEDO RIVERSIDE RY.—Bonds were guaranteed by endorsement
as to principal and lnt. by Toledo Ry. ft Term. Co. (old company fore¬
closed), CIn. Hamilton ft Dayton and Pere Marquette.
V. 79, p. 968.
Pres., H. B. Ledyard; V.-P., Wm. Cotter.—(V. 86, p. 287.)
TOLEDO SAGINAW ft MUSKEGON RY.—See page 166.
TOLEDO ST. LOUIS ft WESTERN RR.—(See Map.)— Owns from Toledo
to East St. Louis, 451 m. (61 ki ft 70-lb. steel rails); sidings, ftc., 171 m.;
also has trackage to St. Louis and Toledo Union depots.
Owns Jointly
with the Grand Trunk Western Ry. all the stock of the Detroit ft Toledo
Shore Line Ry., Detroit to Toledo, 48 miles, jointly guaranteeing Its 4%
bonds; present Issue $2,288,000.
V. 76, p. 655.
ORGAN’N.—Successor of Tol. St. L. ft K. C. (foreclosed). V. 70, p. 1196.
In Aug. 1907 acquired control of the Chicago ft Alton, viz., $6,480,000
pref. and $14,420,000 common stock. See Bonds below.
STOCK.—Common and preferred (4% non-cum.), $10,000,000 each; par
$100.
Dlv. on pref. in 1907 to Apr. 1910, 4% (A. ft O.); July 1% (quar.);
payments to be quarterly (Q.-J.) hereafter.
BONDS.—Of the prior lien 3 ^s, $450,000 was In the treasury June 30
1909.
Additional first mtge. bonds not to exceed $10,000,000 may be
Issued at any time to retire the prior Uen bonds.
The collateral trust bonds
secured by Chic, ft Alton stock are limited to $12,000,000, ser. A being
issued In exchange for C. ft A. pref. stock $ for $ and ser. B (bearing lnt. at
2% to July 31 1912 and 4% thereafter) in exchange for C. ft A. com. stock
on the basis of $35 In bonds for $100 stock.
V. 85, p. 1647; V. 86. p. 1468.
EARNINGS.—11 mos.,(1909-10
Gross, $3,466,330; net, $1,133,010
July 1 to May 31.
\1908-09
Gross, 3,134.449; net, 1,050,936
For 5 mos. ending Nov. 30 1909. net, $593,498; other income, $93,639;
lnt.. rentals ftc. $549,360; pref. dlv., 6 mos. (2%), $200,000; bal., def.,
$62,223.
V. 90, p. 304.
REPORT.—For year ended June 30 1909 was In V. 89, p. 1218.
Balance, surplus
*

Paid from accumulated

Gross

earnings

Operating expenses and taxes

1908-09.

1907-08.

$3,428,644

$3,822,834

2,226,432

2,712,428

$1,202,212

$1,110,406
401,400
11,779

836,000
47,614

Other Income.

$2,085,826
$954,390

Other Interest,

discount, &c_.

114,777
78,365
398,104

$1,523,585
$922,378
115,798
67,624
398,104

Inc.

or

Dec.

—$394,190

—485,996

+ $91,806
+ 434,600
+ 35,835
+

$562,241
+ 31,992
—21

.

+

10,741

Balance, surplus
$540,191
$19,680 +$520,511
DIRECTORS.—Thos. H. Hubbard (Chairman), Wm. A. Read. T. PShonts (Pres.), E. J. Berwlnd, James N. Wallace, Chas. H. Tweed, H. S*
Black, Harry Bronner, C. S. W. Packard, Edwin Hawley and H. E.
Huntington.
Sec. and Treas., James Steuart Mackle. Office, 60 Wall St.,
N. Y.—(V. 89, p. 1142, 1218; V. 90, p. 304, 772, 850, 1615.)
TOLEDO TERMINAL RR .—Owns belt road, 28.77 miles (Incl. two
bridges), with 2H-mlle branch to terminal station; total, 31.27 miles.
ORGANIZATION.—Successor Dec. 31 1907, per plan V. 85, p. 1402,
1463, of the Toledo Ry. ft Term. Co., sold in foreclosure May 28 1907.
Controlled by seven roads.
V. 84, p. 130; V. 85, p. 100, 347; V. 86, p. 170.
Stock auth., $6,000,000; outstanding, $4,000,000.
Of the $6,000,000
new bonds, $2,000,000 will be reserved for future requirements.
The Pere
Marquette and the Cin. Ham. ft Dayton each guarantee payment of 20%
of the interest on the bonds, and the Pennsylvania Co., Lake Shore ft
Mich. South., Mich. Cent., Tol. St. L. ft West, and Grand Trunk Western,
12% each., receiving same per cent In new stock.—(V. 88, p. 159.)
TOLEDO WALHONDING VALLEY ft OHIO RR.—(See Maps Penn¬
sylvania RR.)—Owns road In operation from Toledo Junction to Toledo,
81 miles, and from Loudonvllle to Coshocton, O., 45 m.; Sandusky to
Columbus, 108 miles.
Total owned, 236 miles; trackage (Pitts. Ft. w. ft
C.) to Mansfield, O., 7 m.; Cleve. Cin. Chic, ft St. L. In Sandusky and
Columbus, O., 2 miles; total, 245 miles.
Leased for net earns, to the
Penn. Co., which guarantees bonds and owns the capital stock.
EARNINGS.—Cal. year 1909, gross. $2,842,115; net, $608,499; other
Income, $4,561; charges, Impts., ftc., $444,859; dlvs. (3%), $105,000; bal..
sur
$58,640.—(V. 75, p. 1088.)
TOMBIGBEE VALLEY RR.—See page 168.
,

B1ON2DS9.

RASATILNOWCDKY
19 0.]

July.




130

Ton & Tidew Co—T & T HR 1st M deb stk certs g gu
Bullfrog-Goldfield consol mtge $2,000,000 gold.FP
Sterling bonds, redeemable
Toronto Ham & Buff—1st M sold $40,000 p m.AB.c*
Second mortgage $1,000,000 gold
Transylvania—First mortgage gold $500,000. _S.c*&r
Traverse City RR—First mortgage gold
Tremont & Gulf—First mtge gold red text
IC.c*
Trenton Delaware Bridge—First mortgage
Trinity & Brazos Vy—Eqtr bds gu (text) call 101..a

1907-8,gros

$20,000,-(Loan of 1929 gold

c&r.

first (Loan of 1944 gold.

.c&r

1907
6
29
27
101

1880
1897
1888
1902
1904
1908
1908
1908
1909

19
.

Par

Amount

Rate

When

Value

Outstanding

%

Payable

$1,000

1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000
50
500 &c

1,000
1,000
1,000 &c
£ &C
£ &c
£ &c

£1,000
100
•

'

1897
1907
1908
1901

2,090
3,268
7)4

500
500

100
&c
&C

$ & £
1,000
100

1883
1889
1894
1901
1908
1910
1895

225
miles
►road
and

FP se-1 Loan of 1951 gold p & 1 guar,
equally. I Loan of 1948 g d & gu-.c&r canal
503
United RRs of Yucatan—1st M g red 101 beg ’20sf par
26
United Verde & Pacifc—First mtge $300,000
G.c
Utica & Black River—See Rome Watertown & Ogden sburg
97
Utica Chen & Susq Val—Stock 6% guar by D L & W
Utica Clinton & Binghamton—Stock
si
First mortgage guar p & 1 by Del & Hud (end).N.c
11
Valley (NY)—Stock 5%guaranteed by D L & W
11
First mortgage (for $500,000)
F
mortgage)

1908
1896
1904
1906
1883
1908
1877

88
88
42
26
77

Troy «c Green bush—Stock 7% rental New York Cent
Tuckerton RR—1st M red text extended 1910
c*
Tuscarora Valley—First mortgage $150,000 gold

Ulster & Delaware—Cons M tor $2,000,000 g.-Ce.c*
Refunding mortgage $3,200.000
S.c’&r
Unadilla Valley—First M $200,000 gold redeem at 110
Underg Elec Rys London—Prior lien bds call par text
4)4% bonds £3,000,000 call at par
Income bonds 6% non-cumulative call at par
Power-house first debentures £1,000,000
Union Pacific RR—Common stock $296,178,700
Pref stock 4% non-cum $200,000,000 (V 80, p 1364)
First M g railway & land grant $100,000,000 g_„Me
Bonds redeemable convertible (text)
Me
First lien & ref mtge red 107 )4 beg 1918.Eq.xc* &r*
Union Springs & Nor—First M $1,000,000 gred 105..
United N J RR & Canal Co—Stock 10% guaranteed..
General mortgage of (Loan of 1923 gold
r

1906
1905
1908

91

Tonopah & Goldfield—First mtge $1,500,000 g red-.c

1871 for
000
(now

Date
Bonds

Miles
Road

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

cures

all

._

_

^

_

,

1,000
1,000
1,000
1,000
1.000
£50 &c

1,000
100
100

....

1889

1,000
100

_

1881

1,000

TONOPAH & GOLDFIELD RR.—Owns Tonopah Jet. via Tonopah to
Bullfrog Jet., Nev., 89 m.; trackage, 9 m.; branches, &c., 11 m. V.82,p.80.
DIVIDENDS—
1906.
1907.
1908-096.
•Common stock (now $1,650,000)
10% (In April)
None
27%
Preferred stock (7% non-cum., $500,000)
.27%
10% (In April)
None
A sinking fund will retire one-fifteenth of bonds annually Jan. 1 (to be
drawn by lot), the entire issue being subject to call at 102
the Land
Title & Trust Co., Philadelphia, is mortgage trustee.
V. 82, p. 806.
EARNINGS.—11 mos.,/1909-10
Gross, $721,854; net, $186,195
July 1 to May 31.
\1908-09
Gross, 837,938; net, 202,418
REPORT.—Report for the fiscal year ending June 30 1909 in V. 89,
—

p. 1277, shows:

$3,165;

Gross, $910,019; net, after taxes, $182,585; other income,

interest, sinking fund, &c., $159,221; bal., sur., $26,529.
In
1907-08, gross, $1,517,577; net, $378,348.
Pres., M. B. Cutter; Sec., Wm.
F Henshaw, Bullitt Bldg., Philadelphia.
(V. 90, p. 915.)
TONOPAH & TIDEWATER CO. OF NEVADA, INC—Organized in
Delaware June 11 1908 as a holding company and issued, per plan V. 86,
*>. 1287, $3,640,000 “A” and $1,640,000 “B” stock (both of equal rank)
in exchange for the entire stock ($1,500,000) of the Tonopah & Tidewater
-RR. and $2,000,000 stock of the Bullfrog-Goldfield RR.
The earnings of
the two operating companies are kept separate, the surplus of either
•road over fixed charges In any year to be used to make up the deficiency
of the other.
Pres., F. M. Smith, Oakland, Cal.; 1st V.-P., D. W. Van
Buskirk, Bayonne, N. J.; 2d V.-P., Arthur Brock, Philadelphia; Sec. and
Treas.. C. B. Zabriskle. 100 William St., N. Y.—(V. 86, p. 1468.)
TONOPAH & TIDEWATER RR.—Owns Ludlow, Cal., on the Atch.
Top. & Santa Fe, to Beatty, Nev., 168 miles; Completed Dec. 1907; also
branch from Death

Valley Junction to Ryan, 7 miles; extension proposed to

Tonopah, Nev., 110 miles. Stock authorized, $1,500,000. The deben¬
guaranteed by the Borax Consolidated, Ltd., and
are secured by deposit of mortgage and bonds issued thereunder with the
Indian & General Trust Co., Ltd., of London.
V. 81, p. 1793; V. 82, p.
753, 871, 1440.
In Feb. 1908 it was arranged to Issue £175,000 redeemable
3% bonds, guar, by Borax Consolidated, to complete the line. V. 86, p.722.
EARNINGS.—11 mos.,/1909-10
Gross, $388,1201 net, $128,859
July 1 to May 31.
\19O8-09
137,206
Gross, 415,361; net,
For year ending June 30 1909, gross, $458,277; net, $158,881.
In
$352.460; net, $131,765; charges,$114,885; bal.,sur.,$16,880.
BULLFROG-GOLDFIELD RR.—Bullfrog to Goldfield, Nev., 83 miles.
Of the consol. 5s ($2,000,000 auth. issue), $1,250,000 were reported as
Issued to take up 1st 6s, $350,000 have been sold to provide for construc¬
tion, equipment, &c., as required, $250,000 are reserved to take ud 1st 6s
held by the public and $150,000 for future purposes.
V. 86, p. 1287. Year
gross, $177,745; net after taxes, $4,847.—(V. 86, p. 1287.)
TORONTO HAMILTON & BUFFALO RR. TRANSYLVANIA RR. TRA¬
VERSE CITY LEELANAU & MANISTIQUE RR. TRAVERSE CITY
RR.
TREMONT & GULF RY.—See page 166.
TRENTON DELAWARE BRIDGE CO.—Owns bridge 0.19 mile In length.
Leased June 20 1877 to Dec. 1 2870, lease being assigned to Penn. RR.;
rental, $20,000 yearly (as reduced July 1 1909) and two-thirds of taxes paid
by the Bridge Company. Stock, $298,900.
TRINITY & BRAZOS VALLEY.—See page 166.
TROY & GREENBUSH RR.—Owns from Troy to Rensselaer, 6 m.;
double track; leased to N. Y. Central in 1851 at 7% on $275,000 stock.
TUCKERTON RR.—Owns Whitings Station to Tuckerton, N. J., 29 m.
Stock authorized, common, $125,000; pref., $500,000; outstanding, com¬
mon, $106,868; pref., $445,374; par, $50.
Bonds, $100,000 6s, extended
4n 1910 at 5%; they are subject to call after July 1920 at 105; Camden
(N. J.) Safe Dep. & Tr. Co., trustee.
For calendar year 1909, gross, $74,4)12- net, after taxes, $16,943; Interest, $5,000; bal., sur., $11,943
V. 90,
*>. 628.
Pres, and Treas., Richard Ashhurst, Phlla., Pa.—(V. 90, p. 628.)
TUSCARORA VALLEY RR.—Narrow-gauge road (3 ft.) Port Royal
to Blair's Mills, Pa., 27 m.
Stock, $300,000; par, $50; issued, $150,000.
Year 1908-09, gross, $30,765; net, $8,854; charges, $7,500; bal., sur., $1,353.
Pres., N. H. Suloff.—(V. 67. p. 1162.)
(THE) ULSTER & DELAWARE RR.—Owns from Kingston Point (on
Hudson River), N. Y., to Oneonta, 109 miles, with branches, a total of
129 miles.
V. 74, p. 42.
Stock, $3,000,000; outstanding, $1,900,000; par,
4100.
As to refunding 48 of 1902, see V. 75, p. 667; V. 79, p. 153.
EARNINGS.—10 mos. J1909-10_
Gross, $913,056; net, $285,767
July 1 to Apr. 30.
\1908-09
Gross, 842,289; net, 262,389
ture stock certificates are

•

Yrs.end.J’ne 30. Gross.
1908-09
$1,024,438
1907-08
936,751
-

Net.

$314,664
203,182

Oth. Inc.

$8,312
8,842

Int., taxes, Ac.
$221,676
210,372

Bal.,sur.
$101,300
1,652

UNADILLA VALLEY RY.—See p. 166.
UNDERGROUND ELECTRIC RYS. CO. OF LONDON, LTD.—Operates
102 miles of double-track underground and surface electric road, viz.;
Tube Cos.—Stk.mostly owned.Miles.
Surface—Maj.Stk.owned.
Miles.
Baker St. & Waterloo Ry
London United Tramways
1
51 )4
Char. Cross Eus. & Hamp. Ry_)22H
Tunnel—Leased—Mai. stk. owned.
Great Northern Piccadilly &|
Metropolitan District Ry. (incl.
3 M miles owned Jointly
Bromp. Ry. op’ed Dec. 15 '06J
28

ORGANIZATION.—Reorganized In 1908, per plan In V. 86, p. 1044V. 87, p. 347; over 90% of the £20,149,268 profit-sharing notes assenting.
Under the plan the company authorized (1) £1,000,000 5% prior lien
bonds due Nov. 1 1920, but subject to call at par in any amount when
•drawn by lot (£250,000 additional may be Issued by vote of 4 )4% bonds);
(2) £3,000,000 4M% bonds due Jan. 1 1933, and (3) £5,200,000 6%
income bonds due Jan. 1 1948. all secured In order named by same col¬
lateral as the profit-sharing notes and by £3,500,000 additional stock In
tube companies and a third charge on the power house.
Income bonds
(have 11 votes for each £100 principal.
Stock, £5,000,000, all except
£164,750^pald In Dec. 31 1909; par, £10.




[Yoii. LXXXXI

RAILWAY STOCKS AND BONDS

$842,000
£500,000
See text
£175,000
3,280,000

1,000,000
434,000
250,000

J

&

g

j

&

g
g
g
g

J

6 g

4)4
5
5
4
4
5
3

1,550,000
311,000
350,000

7
5 g

D June 1 1946
D Junel 1946
J Jan 1 1956
J
J Jan 1 1933
Feb 1 1948
j & J July 1 1917
A
&
O Oct ’10-Apr *17
J & D 15 Junel5’10 3H%
J
&
J July 1 1930
&
J
J July 1 1917
& D Junel 1928
J
A
&
O Oct 1 1952
&
J
J Jan 1 1934
M
& N Nov 1 1920
&
J
J Jan 1 1933
Seml-an Jan 1 1948
J
J

Places Where Interest and
Dividends are Payable

J Jan 1 1911-1921 Land Title & Tr Co, Phlla
1960
j July 1 1938

&
&
&
&

7
275,000
5
100,000
5 g
150,000
5 g
2.000,000
4 g
1,000,000
4
200,000
g
5
£1,000,000
£2,818,700
4)4
£4,928,050 Up to 6
4
£1,000,000
216,579,700 10 In *09
Q-J
4
in
1909 A
&
O
99,547,410
4 g
&
J
J
100,000,000
4 g
&
36,854,850
J
J
4 g
M
&
s
57,802,000
5 g
M 10 &N
75,000
10
Q—J
21,240,400
4 g
&
A
F
1,824,000
M
&
4
S
6,020,000
g
4 g
M
&
s
5,646,000
s
5,669,000
3)4 g M &
4
M
&
s
841,000
5 g
A
&
o
£825,000
6
&
J
J
$300,000
6
4,000,000
849,285 See text
5
800,000
5
750,000
5
400,000

Last Dividend
and Maturity

Lincoln Nat Bank, N Y
do
do
Standard Trust Co, N Y

Winslow,Lanler&Co.N Y
New York and Chicago
Treasurer’s Office, Phfla
Guaranty Trust Co, N Y
Troy, N Y
Camaen(NJ)S D & Tr Co
Metropolitan Tr Co, N Y
Central Trust Co, N Y
do

do

Office, 37 Wall St, N Y

1 *10
2)4 Office, 120 B’way, N Y
do
do
1 1910 2%
do
do
1 1947
do
do
1 1927
New York and London
June 1 2008
International Tr Co, Balt
May 1 1931
July 10 ’10 2)4 Offices, Phlladel & N Y
Office, Philadelphia
Feb 1 1923
do
do
Sept 1 1929
Nat Bk Com, N Y & PhU
Mch 1 1944

July
Apr
July
July

Mch 1 1951

Sept 1 1948
April 1950
Jan 1 1920

do
do
Offloe, Philadelphia
N Y, Mex, London, &c
Guaranty Trust Co, N Y

M
& N May 1910
3% D L & W RR, New York
F & A 10 Aug 10’10 IH% On Nat Bk, Utica, N Y
New York Trust Co, N Y
&
J
J July 1 1939
&
J
J July 1 '10 2 )4% Del Lack & Western, NY
&
F
A Aug 1 1911
do
'
do

In June 1909 £1,000,000 4% first mortgage power-house debentures
Issued to replace outstanding Issues.
V. 88, p. 1561.
In 1910 preliminary steps were taken to amalgamate the Great Northern

were

Piccadilly & Brompton P.y., Charing Cross Euston & Hampstead Ry. and
Baker St. & Waterloo Ry. under the name of London Electric Rys. with
authority to Issue $4,200,000 4% debenture stock, $3,150,000 4% prefer¬
ence and $9,450 000 ordinary stock.
V. 89, p. 1669; V. 90 p. 238, 560.
Controlled
Cos.—

Total
Issued.

Bak.St.&Wat-

Cos.
a

erloo

ord.stk£1,728,520 £1,430,490
4% pref. stk.
660,000
551,960
Perp. deb. stk.
4%
1,150
806,150
Ch. C. E. & H. 4,326,000 4,326,000
4% perp. deb.
stock

Controlled

Held by
Parent Co.

1,442,000

607 000

Gt. Nor. Pic. &

Held by
Parent C.o

Total
Issued.

Metrop. Dls. Ry.
Ord. stock.. £3,235,000£1,781,500
5% pf. stock 1,500,000
y96,000
2d
do
1,470,000 1,470,000
4% guar.stk.zl,250,000
6,500
3% cons, per
rent chargez2,116,666
550,000V87,p.l012
Deb.stk.,&c_z2,835,825

Prior lien 4%

5,047,960 5,047,960 b London United Tramways.
878,700
Ordinary stk. 1,000,000
5% pref. stk. 1,250,000
153,770
1st M. 4%deb 1,649,93 0
218,000
y Has a vote also on £441,551 on which holders have ceded their vote In
consideration of scaled dividend guaranty,
z No vote,
a b Underground
Co. has vote on a £3,788.851 out of £6,205,000 and b £1.032,470 out of
£2,250,000 voting shares.
EARNINGS.—Of operating companies from Jan. 1 to June 25, gross,
£7->6,883 In 1910, against £717,280 In 1909.
For 6 mos. ending Dec. 31
1909,V. 90, p. 560, 973.
REPORT.—Semi-annual report, V. 90, p. 973.
Sir Edgar Speyer
Bart., Chairman; Sec., W. E. Mandellck.—(V. 90, p. 560, 915, 973.)
UNION PACIFIC RAILROAD.—(See Map.)—The system embraces;
Brompton..

4% pref.stk.
357,040
4% perpetual
deb. stock 1,574,000

Lines owned directly—
Council Bluffs to Ogden
Kansas City to Denver
Denver to Cheyenne
Lasalle, Col., to Julesburg
Other branches, &c._
Total all lines July 1 1909

Controlled—Practically owned1,012 •Ore. Short Line RR., ’Frisco,
Utah, &c
al ,557
640
106 Oregon RR. & Navigation
al,340
27
149 Leased
1,407
.6,239

Miles.

a See these companies.
* Also owns one-half Interest In the San Pedro
Los Angeles & Salt Lake Ry., which see.
Northwestern Pacific (Jointly
owned with Atchison), see that Co., V. 84, p. 104.
On June 30 1909 352 miles of extension were under construction, of which
79 were completed.
V. 87, p. 1546. In May 1909 contract was let for
100 miles from Wamsutter, Wyo., to Craig, 40 miles west of Steamboat

Springs, Col., shortening the distance between Denver and Salt Lake about
20 mues.
In 1909 arranged for 126 miles of Joint lines around Tacoma,
Wash., with Chicago Milw. & St. Paul.
V. 88, p. 824. In May 1909
arranged to use Jointly the Northern Pacific line between South Tacoma
and Vancouver, Wash., 135 miles, and In Nov. 1909 the Nor. Pac. line
bet.Lewlston Idaho, and Grangevllle, 67 miles. V.88, p. 1372; V. 89, p.1349.
HISTORY.—Incorporated in Utah July 1 1897 to succeed, per plan of
Oct. 15 1895 (V. 61, p. 704, 705, and V. 64, p. 424), the Union Pacific Ry.,
as stated to N. Y. Stock Exchange in V. 66, p. 618; see also V. 67, b. 790.
In Mch. 1910 owned $126,610,000 stock of the So. Pac. Co., a strong
working control. The Union Pacific owns $10,343,100 preferred stock
of Chic. & Alton, but control Is held by Tol. St. L. & W.
V. 81, p. 1664;
V. 83, p. 689.
On June 30 1909 owned $5,687,325 Utah Ry. & Light stock
and $1,034,000 bonds.
V. 87, p. 1548-9. In Apr. 1909 subscribed for
$37,260,000 So. Pac. 4% convertible bonds, which were sold In July 1909.
V. 88, p. 507; V. 89, p. 44, 105.
In Mch. 1910 also owned the following stocks, mostly acquired In 1906
(see V. 84, p. 52.104, 509, 572, 932, 1184, V. 87, p. 1542, 1549; V. 90, p.700):
Acq. by Or. Sh. L. (concl.). Par Val.
Acquired by Union Pac. Par Val.
Illinois Central stock.---$32,900,000 Balto. & Ohio, common.$32,334,200
do
do
preferred
7,206,400
St. Jos. & Gr. Isl., com..
3,080,000
do
do
do
1st pref1,251,400 Chic. Mil. & St. P., pref- 1,845,000
do
do
2d pref- 1,747,800 Chic. & N. W., common. 4,750,000
do
N. Y. Cent. & H. R. stk.

17,857,125

In July 1909 sold $10,000,000 Atchison stock acquired in 1906 and 77,164
shares of Great Northern certificates, and
It was understood acquired
additional New York Central stock.
V. 89, p. 226, 412.
Gov. suit to set aside control of So. Pac., &c.. still pending. V.87,p.l480

STOCK.—In 1901 common stock was authorized to be increased by
$100,000,000, to provide for conversion of first lien 4s, and on June 15 1907
by $100,000,000, of which $42,857,200 to be reserved for conversion of the

$75,000,000 4s of 1907; balance for future requirements.
V. 82, p. 1271; V. 84, p. 1115; V. 85, p. 1587.

See BONDS

below.

DIVIDENDS

—

Common (%)
Preferred (%).—

’99. '00. ’01 to '04. *05. '06. '07. '08. ’09.
1910.
3 )4 4 yearly 4 )4 8 10
10 10 To July, 7 H
4
3)4 4
4 yearly 4
4
4
4
Apr., 2

BONDS.—The 1st mtge. of 1897 covers the original 1,854 miles, Includ
Ing the telegraph, terminals, equipment and land grants. Statement to
N. Y. Stock Exchange, V. 66, p. 618.
Stockholders subscribed for $73,762,000 in 1907 of $75,000,000 new con¬
They are convertible at any time before July 1 1917
vertible 4s at 90.
Into common stock at $175 per share, and are redeemable at the option
of the company on July 1 1912, or on any semi-annual Interest day there¬
after, at a premium ot 2)4%, upon 90 days’ notice, In which case the privi¬
lege of conversion will terminate 30 days before redemption date.
V. 84,
p. 1115, 1183; V. 85, p. 100, 161.
The 1st Hen & refund. 4s of 1908 ($200,000,000 auth. Issue), of which
$50,000,000 were sold In June 1908 and $7,802,000 early In 1910, are secured
by 1st M. on 1,178 miles of main track, lnclud’g the line from Julesburg to
La Salle, Colo., andalso. subject to the 1st mtge., the 2,090 miles of road
covered thereby, making a total of 3,268 miles covered by the mtge. Of the

BO1N3DS.

RSAATILONWCDKY

19 0.]

July,




RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

Valley (Virginia)—First mortgage 31.000,000
c
Vandalia RR—Stock 325,000,000 authorized
Terre H A Ind cons M (now first) gold assumed..F
Cons M 325,000,000 g Ser A s f
F.c*r Ar*
Series IB

Vera Cruz & Isthmus—VC & Pac 1st Me red (text) _c*
Vermont & Mass-Stock 6% guar by Fitchburg RR.
Bonds currency guar p A 1 by Fitchburg RR
Vermont Valley Ry—See Connecticut River RR
Vicksburg & Meridian—See Alabama & Vicksburg
Vicksburg Shreve & Pac Ry—Com stock 33,000,000.
Preferred stock 5% non-cumulative 32,200,000
General mortgage 33,500,000
F.xc*
Vicks Shreve A Pac RR prior lien mtge g
Ce.c*
Virginia Air Line—See Chesapeake A Ohio.
&
Caro
Sou—1st
M
32,000.000
g
see
Virginia
text)..N
Virginia Midland—See Southern Ry
Virginia & Southw—1st M g gu by Va I C 4 C
G
First consolidated mtge 37,000,000 gold
S.c*Ar*
Virginian—Tldew Co notes red 101 conv (text) ..Eq c*
First mortgage gold redeemable at 110
Ce
VlrgTerm Ry 1st M 310,000,000 g gu pAl red 110.Ce
First lien eq notes ser A g red 105 part due s-a.-Eq
Seccfnd lien equipment notes
Wabash Pittsburgh—First lien receiver’s certificates.
First mortgage 350,000,000 gold
Me.c*Ar
Second mtge gold Incomes to June 1910
Eq.c*Ar
Wabash RR—First mtge gold (334,000,000)
Ce.c*
Second mortgage gold
Mp.c
Deben mtge Income non-cum Series B not red..Me
Detroit & Chicago Ext 1st M g s f red at 110. _Ce.c*
Des Moines DIv 1st M g 31,800,000 (V 68, p 574) N.c*
Toledo A Chicago Dlv mtge gold $3,000,000.. K.c*
Omaha Dlv 33,500,000 gold (V 75, p 686)___Eq.c*
First lien terminal mtge 310,000,000 g._Ba.xc*Ar
First ref and ext M 3200,000,000 gold
Eq.xc*&r*
Equip bonds sink fund
N.cAr

Date
Bonds

Par
Value

62

1881

31.000

116

1885

1,000
1,000
1,000
1,000

655| 1905
655!
265!
59

1907
1904

1.000
100
100

188

1908

1,000

120,000

136
209

1902

1,000 &C
1,000 Ac
1,000
1,000
1,000
1,000
1,000

2,000,000
4,570,000
17,000,000

1,542
1,009
1,542
150
97
226
144

2,666

1908
1908
1907
1907
1908
1908
1908
1904
1904
1889
1889
1889
1891
1899
1901
1901
1904
1906
1901
1904
1904

Ac

1.000 Ac
1,000 Ac
1,000

1,000
1,000

..338,234,814 $31,900,464 534,083,075
17,736,393
16,019,692
11,470,131

1,959,002
517,938.250 512,188.752 $10,687,883

OFFICERS, Ac.—Pres, and Chairman Exec. Comm., Robert S. Lovett;
Vice-Pres., J. Kruttschnltt, J. C. Stubbs, Wm. Mahl; Gen. Mgr., A. L.
Mohler; Sec., Alexander Millar; Comp., Wm. Mahl; Treas.. F. V. S. Crosby.
Directors—Otto H. Kahn, F. A. Vanderllp, Marvin Hughltt, Henry C.
Frick, A. J. Earllng, P. A. Valentine, Joseph F. Smith, Oliver Ames, Wm.
G. Rockefeller, William Rockefeller, Robert S. Lovett, Chas. A. Peabody,
H. W. DeForest, W. V. S. Thorne and Robert W. Goelet.
Office, 120 B’way. N. Y.—(V. 90. p. 238, 304, 448, 700.)
UNION SPRINGS & NORTHERN RY.—See page 166.

UNITED NEW JERSEY RAILROAD & CANAL CO.—(See Map Penn.
RR.)—Part of a system of roads In Northern New Jersey, extending from
Camden to Amboy and from Philadelphia to Jersey City, with branches and
connections, a distance of 450 miles; Hudson River ferries to New York,
1 m.; Dei. A Raritan Canal, from Bordentown to New Brunswick, Ac.,
66 m.; Phlla. A Trenton and Belvldere, Del.—which see—are leased lines.
LEASE.—Leased In June 1871 to the Pennsylvania RR. for 999 years;
rental equal to 10% on stock. Interest on bonds, taxes. Ac.
EARNINGS.—For yew ending Dec. 31 1909, gross, $35,616,509: net,
$8,561,642; other Income, $459,409; lnt., rentals, lmprovts., Ac., $6,695.964; dividends. $2,124,040; bal., sur., $201,047.—(V. 74, p. 682.)
UNITED RAILROADS OF YUCATAN.—(V. 89, p. 594; V. 90, p. 1678.)
UTICA CHENANGO & SUSOUEHANNA VALLEY RY.—Owns Utica,
N. Y., to Greene, N. Y., 75 miles; branch to Richfield Springs, 22 miles.
Leased to Delaware Lackawanna A Western at 6% on stock.
No bonds.
UTICA CLINTON & BINGHAMTON RR.—See page 166.
VALLEY (N. Y.) RR.—Binghamton, N. Y., to State Line of Penn.,
11 miles.
Leased to Delaware Lackawanna A Western at 5% per annum
on stock, the lessee assuming the Interest on bonds.
VANDALIA RR.—(See Maps Pa. RR.)—The road embraces:
Leased—
Owned—
Miles.
(’See this co.)
Miles.
*145
Indtanap., Ind., to E. St. L.. 111.238 Terre Haute A Peoria
Evansville
A
Terre
Haute
16
Indianapolis to Vincennes, Ind. .118
27

93

Total operated
Branches
30
827
The Saline City branch, 12 m.. Is operated by Evansville A Indlanap. RR.
ORGANIZATION.—A consolidation Jan. 1 1905 per plan, V. 79, p.
2148 (see also V. 80, p. 1243. 1244).
Pennsylvania Co. on Dec. 31 1909
owned *11.633.400 of the stock.
Vandalia Coal Co., see V. 81, p. 216.
DIVIDENDS paid In calendar (not fiscal) years: 1905, 2%; 1906, 4%;
1907 to Feb. 1910, 5% yearly (F. A A.); May 1910, \ %% (quar.); Aug.,1 \i.
V. 90, p. 850, 915, 1426.

BONDS.—The consolidated mtge. Is

a

first lien

on

3,187.000
750,000

1,000
1,000
500

Total Income
355,971,207 $47,920,156 545,553,204
Fixed charges.
514,372.806 $12,200,755 $9,376,285
Dlvs. on U. P. pref., 4%
3,981,760
3,981,764
3,983,764
do
do
com., 10%
..
19,678,327
19,548,790
19,548,040
64
94
232
Dlv. O. RR. A N. stock not owned..

Logansport, Ind., to Butler

See text
See text

1,000 Ac
1,000 Ac
1.000
1,000
1.000
1,000

6,062
5,781
5,644
$78,750,461 $76,039,225 $76,308,598
40.515,647 44,138,761 42.225,523

Appropriation for Improvements, Ac.

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

Nov 30 1905 2% Central Trust Co, N Y
do
do
Sept 2 1909 5%
Farmers’ L A Tr Co, N Y
May 1 1941
Central Trust Co, N Y
Nov 1 1915

5 g

J

A

J Jan

1 1938

5
3
6
5
3
5
5

g
g
g
g
g
g
g

J
A
J
M
M
M
J

A
A
A
A
A
A
A

J
O
D
N
N
N
D

1 2003

4
4
3
3
6
5
4
4

g
g
g
g

J

A

D June 1 1954
June 1 1954
N May 1 1939
A Feb 1 1939
J See text
J July 1 1941
J Jan 1 1939
S Mch 1 1941
O Oct 1 1941
J Jan 1 1954
J July 1 1956
s Mch 1 1921
N To Nov 1914
D To Dec 1914

Jan

Apr 1 1958
June 1 1913

May 1 1957
May 1 1957
Nov’10-Nov’18

Standard Trust Co, N Y
do
d ■
Office. 55 Wall St. N Y
New York

Equitable Trust Co, N Y

June 1919

See text

ANNUAL REPORT.—For 1908-09, in V. 89, p. 1064, 1072; edit ,p.l037.
Years ending June 30—
1908-09.
1907-08.
1906-07.

South Bend to Rockville. Ind...160 Trackage

2,856,500 See text
Yearly
2,142,800 5 in 1909 Yearly
M
A N
5
1,922,000
M
A
N
8 g
1,323,000

15

LATEST EARNINGS.—For 11 months ending May 31, net over taxes:
Gross Earnings
Net Earninns
July 1 to May 31—
1909-10.
1908-09
1909-10.
1908-09.
Union Pacific System...$82,719,139 371,886,284 536,828,191 $34,733 525
For 5 mos. ending Nov. 30 1909, net after taxes, 321,343,141, agst.
318,867,564 In 1908; other Income, $7 167,573; charges (net), $5,685,573;
dlv. on pref. stock at 4% yearly (1 2-3%), 31.659,098; dlv on com. stock
at 10% yearly (4 1-6%), 59,028,935: bal., sur., 312,137,613. V. 90. p. 448.

Balance, surplus

Payable

1,000
1.000

GENERAL FINANCES.—In Oct. 1906 the dividend rate was Increased
to 10%, of which 6% from the operations of the road and 4% from Invest¬
ments.
In Oct. 1906 dividends on Southern Pacific common stock at the
rate of 5% yearly were begun, which were Increased in Oct. 1907 to 6%,
yielding the Union Pacific on Its holdings at the latter rate 35,400,000
annually. V. 83, p. 380, 437.
In Feb. 1908 an extra dlv. of 75% on Ore¬
gon RR. A Nav. Co. pref. and com. stock was paid.
V. 87, p. 1421.

Net revenue..
Income from Investments. Ac.

When

%

1901
1885

LANDS.—Total estimated value of lands and land assets June 30 1909,
30,982,102.
During 1908-09 184,069 acres were sold for 3321,568.

Average miles

Rate

188
188

remaining bonds, 3100,000,000 are reserved to retire the 1st 4s of 1947, the
other 342,19h,000 to be Issued only to construct or acquire additional lines
or property and lmpts. thereon. V. 86, p. 1468; V. 87, p. 546, 1012, 1541;
V. 90, p.448.

Total operating revenue
Operating expenses and taxes

Amount

Outstanding

All owned by Balt A Ohio
A
A
6
o Oct 1 1921
3750,000
F
Aug 25 ’10 1 H Checks mailed
<2
14.649,516 5 In 1909
Farmers’ L A Tr Co, N Y
A
5 g
J
J July 1 1925
1,899,000
do
do
F
A
4 g
A Feb 1 1955
9,923,000
do
do
M
A
4 g
N Nov 1 1957
7,945,000
A
J July 1 1934
Speyer A Co, New York
7,000,000
4H g J
53 Devonshire St, Boston
A
A
6
O Apr 1910 3%
3,193,000
do
do
M
A
N May 1 1923
3H
772,000

100

....

1903

do
do
Series A due 342,000 M & N
do Ser B 343,000 or 344,000 due seml-ann. .CPi

all the road owned,

subject to the $1,899,000 old bonds, for which an equal amount of consols
Is reserved; $5,101,000 being also reserved for imp’ts and general purposes.
See V. 80. p. 1243, 1236: V. 81, p. 1728; V. 82, p. 162, 630; V. 86, p. 1531;
V. 90, p. 850, 915, 1426.
EARNINGS.—11 mos., /1909-10
Gross, $8,960,446; net, 2,179,041
July 1 to May 31.
11908-09
Gross, 8,064,739; net, 1,981,936
REPORT.—For year ending Dec. 31 1909, In V. 90 p. 972, showing,
gross, $9,136,286; net. $2,027,604; other Inc., 530,831: charges, 31,161,574;
aiv. (5%). $730,307; extraord’y expend., $150,000; bal., surp., $15,954.
—(V. 90, p. 915, 972, 978, 1426.)
VERA CRUZ & ISTH. RR.—See p.166. VERA CR. TERM.—V.87,p.39.
VERA CRUZ & PACIFIC RR.—See Vera Cruz A Isthmus RR., p. 164.




[VOL. LXXXXI

RAILWAY STOCKS AND BONDS

132

30,236,000
20,000.000
33,900.000
14,000,000
1,277,000
3,107,000
1,600,000
3,000.000
3.173.000
3,923,000
38,575.000
1,900,000
336,000
392,000

M
F
J
J
g
J
g
M
g
3Hg A
J
4 g
J
4 g
M
3 g
5 g
M
4H g J

A
A
A
A
A
A
A
A
A
A
A
A

Dec 1907 coup
None ever paid

last paid

Central Trust Co, N Y
do
In

do

July 1910 paid 2%

Central Trust Co, N Y
New York Trust Co, N Y

Equitable Trust Co, N Y

do
do
do
do
do
do
New York Trust Co, N Y
Bankers’ Trust Co, N Y
Colonial Trust Co, PIttsb

VERMONT & MASSACHUSETTS RR.—Road, Fitchburg to
field, Mass., 56 miles of double track: branch, 3 miles.
Leased to
burg RR. for 999 years at 6% on stock.—(V. 79. p. 2589 )

Green¬
Fitch¬

VICKSBURG SHREVEPORT & PACIFIC RY.—Delta. La., on Mis¬
sissippi River, via Shreveport, to Texas line, 188 miles. Of this, 17 miles,
Shreveport to Texas State Line. Is leased to Mo. Kan A Tex. till July 1925.
Successor In 1901 to RR.. foreclosed.
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 $255,000 for future needs.
Car trusts, $80,764 (4Ms). due seml-ann. to April 1 1913. V. 83, p. 1344.
DIVIDENDS.—On pref. stock 1902 to 1907, 5% yearly: 1908, none.
1909, 5%; on com., 1903, 2H%; 1904. 3%: 1905, 2%; 1906 to 1909. none.
EARNINGS.—11 mos.,fl909-10
Gross, $1,301,439; net, $357,932
July 1 to May 31
\1908-09
Gross, 1.266,794: net, 308,356
Report for 1908-09 In V. 89. p. 1595.
Year—
Gross.
Net.
Other Inc.
Interest. Bal.. surp.
1908-09
$257,592
$69,285 $2)7.538 *$109,339
$1,367,111
1907-08
1,427,694
161,467
95,805
244,011
13,261
•
From sur. paid in 1908-09 5% on pref. ($107,140).—(V. 89. p. 1595.)
VIRGINIA CAROLINA RY.—VIRGINIA & CAROLINA SOU. RY.—
VIRGINIA & S. RY.—Sec page 166
VIRGINIAN RAILWAY.—(See Map).—The main line of the road ex¬
tends from Deepwater, on the Kanawha River, In West Virginia, to SeweU’s
Point, on Hampton Roads, near Norfolk, Va., a distance of 442 miles.
Trains are running over the entire line.
The great electrically equipped
coal-loading pier at Sewell’s Point was finished about Apr. 1 '09 and the road
began full operation July 1 1909 See V. 88. p. 102. Winding Gulf Branch
Mullins, W. Va., to Pemberton, about 25 miles, was completed June 1910.
V. 88, p. 565.
Additional branches, total about 45 miles, are proposed.
Successor April 1907 of Tidewater and Deepwater railways.
See V. 84, p.
627; V. 78, p. 1962; V. 81, p. 1551; V. 83, p. 436; V. 84, p. 1249; V. 88. p.102 .
STOCK.—Auth., $36,000,000; Issued, $33,895,000; par $100. The railwav Is built on modern lines and In the most substantial manner. The main
traffic Is coal and lumber, but the country is described as rich In farm land,
which should afford a diversified traffic, garden and farm products. Ac. The
road taps the Pocahontas and New River coal fields, and forms “the short¬
est possible route to tidewater over the lowest grades.”
From Princeton,
the main coal-gathering yard, 350 miles west of Sewell’s Point, the eastbound grade does not exceed 0.2 of 1%, or 10H ft. per mile, except for a
9-mlle section over the Allegheny Mountains, where the maximum grade
Is 0.6 of 1%, or 32 ft. per mile: on this section a pusher will be used.
One
locomotive will haul 80 loaded 50-ton coal cars, or 4,000 tons of coal per train.
FINANCES.—The only securities In the hands of the public are 317,000,000 Tidewater Co. 6% notes (see below), and these are secured by pledge
not only of all bonds Issued on main line of the system, but of $10,000,000 of
other

Income-producing securities and by the guaranty of Henry H. Rogers

of the Standard Oil Co., who. with associates, financed the enterprise.
BONDS.—The first 5s are Issuable as follows: $33,500,000 for the con¬
struction of the line from Deepwater to Sewell’s Point, 442 m., single track,
with passing tracks about one mile In length on an average of each six
miles.
Further bonds may be Issued for new construction, under restric¬

Issued

tions provided In the mtge.; about $1,250,000 have been or will be
for Winding Gulf branch, under construction.
V. 84. p. 1368; V. 88, p. 626.
The Virginian Terminal Ry. 5s cover the Sewell’s Point terminals,
which comprise 600 acres of land.with a water front of over 3,000 feet; of the
auth. Issue of $10,000,000, guar. prin. A lnt. by the Virginian Ry., $3,000,000 will be Issued for the construction now contracted for, the remaining

$7,000,000 being reserved for future additions.
V. 84, p. 1184. The $500.000 stock of the Va. Term. Ry. Co. Is owned by the Virginian Ry.
NOTES,—The $17,000,000 Tidewater Co. "first lien 6% 6-year notes,"

brought out May 1908 by Redmond A Co., guaranteed unconditionally,
prlnapal and Interest, by Henry H. Rogers, are convertible at par at
option of holder Into Virginian Railway first mortgage bonds up to April 1
1913 (or. In case of notes called for redemption within 30 days, of notice
of such call) and are redeemable at 101 and Interest when drawn by
lot.
They are secured through deposit by the guarantor of Income-pro¬
ducing bonds and stocks having an aggregate market value reported as
over $10,000,000. which securities during the last year yielded an Income
of over $700,000.
In addition, the notes are further secured by deposit of
Virginian Ry. 1st mtge. bonds and Virginian Terminal Ry. 1st mtge. bonds,
covering the entire main line of road, terminals, Ac., as Issued for construc¬

On March 1 1910 $32,945,000 of the railway and $2,372,000 terminal
bonds were deposited.
Upon final complet’on of the system as above, there
wlU be deposited as collateral to the $17,000,000 of notes a total of $33,500,tion.

Virginian Ry. and $3,000,000 Term. Ry. 1st M. bonds, in addition to
$10,000,000 of other Income-producing securities. V. 86. p. 1286, 1531.
“Equipment trust first lien 5% gold notes,” Series “A,” auth. and out¬
standing 33,187,000, brought out Nov. 1908 by Redmond A Co. (V. 87, p.
1480), mature In series from May 1 1909 to May 1 1918, $188,000 each May 1
and $187,000 each Nov. 1.
Redeemable as a whole on any lnt. day at 105
and lnt. on 60 days’ notice.
Secured under trust deed providing for the
purchase by the company of about 49 locomotives, 43 passenger coaches,
1,500 steel coal and 2,100 other freight cars, on which an Initial cash pay¬
ment of $750,000 has been made, affording a margin of security of 20%.
In July 1910 filed agreement for purchase of 1,000 steel freight cars at $1,177
each.
V. 91, p. 215.
OFFICERS.—President, Urban H. Broughton; VIce-Pres. and General
Mgr., Raymond Du Puy, Norfolk, Va.; Sec. and Treas., James Clarke, 55
Wall St., New York.—(V. 89, p. 287, 1224; V. 91. p. 215.)
WABASH CHESTER & WESTERN RR.—See page 166.
WABASH-PITTSBURGH TERMINAL RY.—(See Map of Wabash RR.)
—Owns road extending from connection with Wheeling A Lake Erie RR.
near Jewett, O., easterly to Pittsburgh, Ph., about 60 mllesr opened
July 2 1904: also extensive terminals at Pittsburgh and majority of stock
of Wheeling A Lake Erie (which see).
V. 78, p. 1908, 2386, 2443; V. 82,
p. 570
Stock, 310,000,000, all owned by Wabash
000
the

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Miles
Road

Wabash RR (Conct)—Equip bonds part due seml-ann
Ser C (see V 82. p 1498) $309,000 due s-a red 101__
Three-year notes $5,000,000 gold extended red par.
Kan City Exc Sp A Nor mtge g guar (V 7®, p 2697)
Columbia A St Louis $300,000 gold guar p A l_.SSt
Wabash Chester & Western—First mortgage gold
c*
First consolidated mortgage $1,000,000 gold.SSt.c*
Wadley Southern—First mortgage g red 105
G
Wallkill Valley—Stock 3 4% guaranteed
First mortgage (formerly 7s) guaranteed
Second mortgage income 3 4% guaranteed
Warren (N J)—Stock 7% perpetual guar D L A W_.
First ref mtge $2,000,000 gold guar p A l_..F.c*Ar
Washington Central—First mtge gold $15,000 p m_K

Washington & Columbia River—See Northern Pacific
Washington Co—First Mggu (end) red (text)-.Ce.c*
Washington & Franklin—1st M $475,000 g int rent-.r
Washington Ohio & Western—See Southern Ry
Wash Ter—1st M g gu($2,000,000 4s) (text) .Us.xc* Ar
Wash & Vandem—1st M $1,500,000 g gu pAl.SBa.o*
Weath Min Wells & Nor—1st M gu p A 1 end (text) -N
West Chester—See Pennsylvania RR
West Jersey A Seashore—Common stock($10,000,000)
Special guaranteed stock (indud $63,950 W J RR).
Camden A Atl cons M ($650,000 5s; bal 6s coupon).
Woodstown A Swedesboro first mortgage
c*
West Jersey ASS first cons M Series A gold s f__c*
Gold Series B $1,500,000 gold
c*
Gold Series CAD ($909,000 Series C 34s)...c*

Date
Bonds

Par
Value

1907
...

_

_

_

9
22
42
65
90

139
19
•

•

.

40
41
_

•

-

•

79
11
329
329
329
329

Gold Series E
Certificates of Indebtedness held by Penn RR.
West Shore—First M gu p A I end by N Y C.. Un.cAr
479
West Virginia Central & Pittsburgh—See Western Ma ryland
West Virginia A Pittsburgh—First mtge g-.MeBa.c*
159
West Virginia Midland—First mtge $1,000,000 g ...G
34
Western (Ala)—1st M g guar by C Ga and Ga RR..C*
132

1900
1898

1,000
500 Ac

1,853,000

1904
1899

1.000
1,000

2,500,000
378,000

1905

1,000 Ac
1,000
1,000

12,000.000

100
1877
1877
_

1,000
1,000
50

—

„

1907
1902
•

••

•

_

_

_

_

1881
1882
1896
1896
1896
1896
1909
1885
RR
1890
1906
1888

Toledo, O., to East Hannibal,
Camp Pt. and Elvaston, Ill.. 536
Decatur, Ill., to E. St. Louis._ 110
June, near Chicago to Effingham

as

1,000 Ac

1,394,000
50,000,000

1,000
1,000
1,000

3,943,000
1,000,000

Miles.

Des Moines to Moulton, la
95
Mo.,
to
Brunswick,
Council
Bluffs, la. (lncl. 41 m. leased) 225
Excelsior Spr. to Milw. June—
9

and Altamont. Ill
216
Streator to Falrbury
31
Edwardsvllle Branch
8
Delrey, near Detroit, to Butler. 110
Total owned and leased
2,046
Montpelier, O., on line to De¬
Trackage, Ac.
troit, to Clarke Junction, near
Chicago to Clarke Junction....
18
Chicago
150 Moberly to Hannibal
70
Attica to Covington
15 East Hannibal to Quincy
17
Champaign to Sidney
12 7 short lines to Quincy, De¬
Toledo to Montpelier, O
50
34
troit, Ac
New Haven to Butler, Ind
26 Other lines
54
Owns West oj 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 1909
2,514

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.
See those companies.
HISTORY, Ao.—Successor In 1889 to Wabash St. Louis A Pacific, fore¬
closed.
Mo. Pac. system July 1 1909 owned $11,326,200
pf. stk., $2,826,200 com. stock and $2,913,200 1st ref. and exten. bonds.
V. 78, p. 1110.
Debentures deposited under ref. mtge. are
kept alive: also their voting power
LEASE.—Entrance to Chicago Is over Chlo. A West. Indiana, of whose
stock this company owns $1,000,000
(dividends, 1896-09, 6% yearly.)
STOCK.—Aiith.. com.. $159,500,000- rvef.. 7% non-eura., $40,500,000;
issued, com.; $53,189,200; pref.. $39,189,200. Par of shares. $100.
BONDS, Ac.—In 1906 there was created, per plan V. 83, p. 437, 626, an
Issue of 4% “first refunding and extension”
bonds, limited to $200,000,000;
$5,000,000 were Issuable at onoe, $21,862,500 to retire the debentures
and $62,877,000 Is reserved to refund or retire
the existing bonds, prom¬
issory notes and equipment obligations.
The balance ($110,260,500)
of the bonds Is to be used only for
betterments, development, extension and
equipment. All of the $3,500,000 Series A and aU except $1.277,000 of the
$26,500,000 Series B debentures had been exchanged to June 1910 for
new 4s, Series A receiving,
per $1,000, $795 In new 4s, $580 in pref. stock
and $580 In com., and each $1,000>“B” bond
$720 in new 4s. $520 In pref.
stock and $520 In com.
V. 83. p. 1591; V. 84, p. 52, 222, 1115; V. 85. p.
285, 1271; V. 86, p. 1665.
Abstracts of the mortgages of 1**9 were In V. 49,
p. 270-273.
Interest—
96. *97 *99. *0 >-’04. ’05. *06. ’07. ’08 ’09. 1910.
”A” bonds (%)
1
o
6 y’ly.
0
0
6
3
6
6j
“B” bonds (%)
0
0
0
001124:




_

—

104,000
999,000
90,000
1,970.000
750,000

Moberly to Ottumwa, la
131
Salisbury to Glasgow, la., 8ec._
15

5 g
A
44 g J
44 g M
4 g
J
4
5
5
5

g
g
g
g

34
34

34
7

34
4 g

O To Oct

,

5 g

J

4&4 g F
44 g F
5 g

Mch 1 1948

Q—M

F

1,600,000
1.355,000

1.543,000

Lee.Hlgglnson A Co.Bost

Central Trust Co. N Y
Office. St Louis
Office. 165 B’way. N Y
Nat Bk of Com. St Louis
July 1894 paid July 1 ’96
Guaranty Trust Co, N Y
Grand Cent Station. N Y
do
do
do
do
Del Lack A W RR N Y
do
do
Manhattan Trust Co, NY

A
A

J Jan
J Jan

1 1954
1 1939

N Y. Portland A Boston

A
A
A

A Feb 1 1945
A Feb 1 1947
A Aug 1 1930

Washington A New York

text. Semi-an Apr 1 ’10 24%
6
J
A
D Dec 1 1909 3%
5 A 6
J
A
J July 1 1911
6
M A N May 1 1912
4 g
J
A
J July 1 1936
A
J July 1 1936
34 g J
A
34 A4 J
J July 1 1936
4 g
J
A
J July 1 1936
4
J
A
J July 1 1911
4
J
A
J Jan 1 2361

(5) 4 g A
5 g
A
44 g A

Places Where Interest and
Dividends are Payable

1 1914

J To July 1 1916
A N May 1 1913
A
J Jan 1 1928
M A N May 1 1942
J
A
J July 1 1918
J
A J Jan 1 1928
J
A
JiJuly 1 1926
P
Aug 1910 4%
c f—
J
A
J July 1 1917
M A
S Sept 1 1917
A 15 AO Apr 15 *10
3 4
A
A Aug 12000
g F

34 g J
3

A
A

Last Dividend
and Maturity

9,641,600 S.e

1,000
1,000
1,000
1,000
1,000
1.000

follows, viz.:

Owns West of Miss. River.

720,000
660,000

50
50

BONDS.—Both classes cover 60 miles of road owned, Pittsburgh ter¬
minals and new bridge over Monongahela River, and. further, by deposit
of a controlling Interest In the Wheeling A 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 A Lake Erie
and Wabash (abandoned by the receivers by permission of the court), under
which the latter two companies pledge 25% of their gross earnings from
traffic Interchanged to meet any deficiency of Interest and contract with
Carnegie Steel Co. V. 80, p. 1231, 2221; V. 90, p. 1103.
EARNINGS.—12 mo8.,J1908-09.._i.Gross,
$719,543; net, $211,804
July 1 to June 30.
11907-08
Gross, 1,180,005; net,
592,528
For 11 mos. ending May 31 1910, gross, $683,341, against $674,141 In
1909; net, $204,749, against $211,413.
For 10 mos. ending April 30 1908, gross, $1,060,720; net over taxes,
$494,746; other Income. $53,198; charges, $1,233,965; bal., def.. $685,021.
Balance sheet Feb. 29 1908, V. 86, p. 1526.—(V. 91, p. 39, 96, 215.)
Miles.

Payable

1,000
1,000
1,000
1.000

appointed
receivers, there being $6,873,500 promissory notes and purchase money
mortgages outstanding, $418,586 past-due Interest and $278,600 audited
V. 86, p. 1410; V. 87, p. 670.
accounts.
In Sept. 1008 foreclosure was
begun under 1st mtge. V. 87, p. 616. On Oct. 30 1008 authority was
given to Issue $054,211 first Hen receivers’ certfs. to provide for tunnel re¬
pairs; decision was reserved In Aug. 1008 on appUcation to Issue $700,721
on the West Side Belt.
V. 87, p. 416, 1230.
in Mch. 1000 authority was
asked to Issue $500,000 2-year 6% certificates (to purchase 500 steel cars)
dated March 11 1000 (lnt. M. 8s S.), redeemable after 6 months at par. of
which $433,000 issued April 1009. V. 88, p. 626, 750.
In Feb. 1910 appli¬
cation was made to issue $512,500 receiver’s certs, to purchase 500 steel
freight cars. V. 90, p. 504.
First Mortgage Bondholders' Committee.—A committee (J. N.
Wallace.
Chairman; Central Trust Co.. New York, depositary) In June 1908 requested
In July 1910 about 95% of the bonds other than the $6,000,000
deposits.
held by the Wabash RR. had been deposited.
Plan was deferred, pending
agreement with other Interests, including Wheeling 8s I,. E. noteholders.
V. 86, p. 1346, 1411; V. 87, p. 168, 286, 546, 679; V. 88, p. 159.
Another committee (James C. Chaplin, Pittsburgh, chairman; Wm. C.
Taylor, 37 Wall St., secretary; Columbia Tr. Co., N. Y., depositary), repre¬
senting upwards of $600,000 of the 1st M. 4s, in July 1910 requested de¬
posits of bonds and the Wallace committee certfs. of depostl; V. 91, p. 39;
V. 90, p. 1103, 1556; V. 91, p. 215; “Chronicle” Aug. 6 1910.
Second Mortgage Committee.—Alex. J. Hemphill, Chairman; (Guar. Trust
Co., N. Y., depositary).
More than a majority of bonds deposited. V. 86,
p. 1411, 1531; V. 87, p. 348, 1421.)

WABASH RAILROAD.—{See Map.)—Embraces lines

When

%

500

In September 1004 acquired the entire $14,000,000 stock of
Pittsburgh
Terminal RR. A Coal Co., a belt line at Pittsburgh and about 15,000 acres
of coal and 675 acres of surface lands, the latter leased to the
Pittsburgh
Coal Co.
The stock Is pledged to secure Wabash RR. 4H% notes of
1005.
V. 80, p. 1364.
V. 70, p. 1024, 2087.
V. 80, p. 1232. 1364, 1720.
On May 20 1008 F. H. Skeldlng and Henry W. McMaster were

Owns East of Miss. River.

Rate

665,000
3.708,000
5,001,000
100,000
200.000
300.000
390.000
See text
330,000
250,000
330.000
1.800,000
1.394,000

•

33
33
18
18
130

Amount

Outstanding

1,000
1,000

1906
1910
1901
1902
1888
1893
1906

133

A
A
A

O Apr 1 1990
O Apr 2 1926
o Oct 1 1918

Philadelphia, Pa
U S Tr Co. N Y; A Balt
Mercantile Trust Co. N Y

Broad St Station. Phlla
do
do
do
do
Camden Safe DepA Tr Co
Broad St Station. Phlla
do
do
do
do
do
do
Grand Cent Station. N Y
B A O Off, 2 Wall St. N Y
Guaranty Trust Co, N Y
Guaranty Trust Co, N Y

Detroit A Chicago Exten. mtge. (S3.500.000i; abstract. V. 54. p. 1049.
Des Moines Division bonds of 1899. see V. 68. p. 574; V. 69.
p. 1248.
A sinking fund retires $100,000 equipment 5s of 1901
annuaUy 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
Col. A St. L. RR., V. 73. D. 338, 786, 1012; V. 74, p. 1040; V. 75. p.
686.
The $10,000,000 terminal gold bonds of 1904 are Issuable to
acquire
from time to time additional terminals at St. Louis and Kansas
City, Mo.,
Chicago and Quincy. Ill., Toledo, O., Detroit, Mich.. Ac. V. 76. p. 436.,
753, 1032; V. 81, p 1437; V. 82. p. 570: V. 83. p 1236; V. 84. p. 997.
The $5,000,000 4 4% notes dated May 1 1905, extended to
May 1 1912,
are secured by pledge of $5,000,000 Wabash ref.
4s, $5,000,000 notes of
Wabash-Plttsburgh Term. Ry. (secured by Pitts. RR. Term. A Coal stock
and bonds) and other collateral.
See list, V. 90, p. 915.
In Jan. 1910 the suit to enforce the lien on the Une from
Toledo, 0.,to
the Indiana State Une under the old Toledo A Wabash
equip, mtge. was
settled.
V. 89. p. 1282; V. 90, p. 55, 111. 238.

EARNINGS.—11 mos., /1909-10
Gross, $26,428,731; net, $7,726,252
July 1 to May 31.
\1908-09
Gross, 23,566,599; net, 6,393,310
REPORT.—Annual meeting at St. Louis second Tuesday In September.
Report for 1908-09 at length In V. 89, p. 838. 859.
Year ending June 30—

Average mileage
Gross earnings
Net earnings-

1909.
2,515

*.

Total net income
Taxes
Track, bridge rent, additions. Ac
Interest on bonds

$8,248,294
$809,637
2,566,304
*4,291,612

Appropriation for
on

on

new equipment
"A” debentures.
“B” debentures

Balance, surplus

1907.

2,515
2,516
$25,868,033 $25,740,074 $27,432,474
7,110,849
6,896,326
7.927.326
1,137,445
878,504
942.528

From rent of tracks. Ac

Dividend
Dividend

1908.

$7,774,830
$727,470
2,402,143
*4,058,351

$8,869,854
$883,551

1,338,002
*4.011.636
1.700,000

(6%)210,000(3%)105,000(6%)210.000

(2%)530,000(1 %)265,000(1%)265.000

def$159,259

$216,866

*

$461,665

The interest on first
refunding and extension bonds, $799,360 In 1907OS and In 1906-07 $383,160 (to July 1 1907), was
charged against profit and
loss, to which was also credited dividends received on Series “A* and “B”
debentures owned, $328,550 in 1907-08 and $411,091 in 1906-07.
In
1908-09 “Interest on bonds” Includes fuU Interest on the outstanding “first
and extension” bonds, less Interest reverting to company as owner of
major
portion of debenture bonds. See V. 89, p. 838.

OFFICERS^—Chairman, E. T. Jeffery; Pres., Frederic A. Delano;
Gen. Mgr., Henry Miller; Treas., F. L. O’Leary: Sec., J. C. Otteson.
Directors—Thomas H. Hubbard, E. T. Jeffery. R. M. Gallaway, Edgar
T. Welles, George J. Gould, S. C. Reynolds, John T. Terry, J. J.
Slocum,
Winslow S. Pierce, Jay Gould. R. C. Clowry, W. H. Blodgett and F. A.
Delano.
Office, 165 B'way, N. Y.—(V. 90, p. 1103; V. 91, p. 39.)
WADLEY SOUTHERN RY.. WARREN & CORSICANA PACIFIC RY..
WARREN RR.. WASHINGTON CENTRAL RY.. WASHINGTON COUNTV
RYy WASHINGTON & FRANKLIN RY.. WASHINGTON & VANDEJV1ERE RR.—See page 166.

WASHINGTON TERMINAL CO.—Owns union station at Massachusetts
Ave., Washington, D. C., with terminal and approaches; opened Oct. 27
1907.
V. 85, p. 1144.
The Phlla. Balt. A Wash. (Penn. RR. system) and
the Balt. A Ohio own the outstanding $4,122,000 stock (auth. amount
$5,000,000) and guarantee the bonds, of which $10,000,000 bearing 3 4%
lnt. was sold In April 1905, $311,000 4s Feb. 1909 and the
remaining $1,689,000 (4s) In July 1909.
V. 80. p. 1973; V. 76. p. 812, 594; V. 77, p.
252; V. 80, p. 652,1176,1364; V. 85, p. 42: V. 89, p. 44.
Form of guaranty,
V. 84, p. 1368.
Other tenants. Southern Ry., Wash. South. Ry. and Ches.
A Ohio Ry.—(V. 89. p. 44, 1543.)

WEATHERFORD MINERAL WELLS & NORTHW. RY.—See p. 166.
WEST JERSEY & SEA SHORE RR.—(See Map Pennsylvania RR.)—
Owns all the lines on the Pennsylvania system In Southern New
Jersey,
Including Camden, opp. Philadelphia, to Atlantic City (59 miles), Camden
to Cape May, 82 miles, Ac., total, 321 mUes.
V. 62, p 366, 871.
Of this,
Camden

to Atlantic City, with branch, total about 75 miles. Is
equipped
electricaUy.
Has traffic agreement with Atlantic City A Shore (electric)
RR. and option to purchase majority of Its $1,000,000 stock between
May 1
1913 and May 1 1918.
Y. 85, p. 162; V. 86. p. 1220.

STOCK.—Penn

RR. held Jan.

1

1910

$4,096,900.

DIVIDENDS.—Common Sept. 1896 to March 1905, lncl., 5% yearly;
then to 1907, ind., 6% yearly; 1908, 4%; 1909,
April, 2%; Oct.,2 4%; 1910,
April, 2 4%.
BONDS.—First consol, mtge. Is for $7,000,000, of which $1,090,000
reserved for prior lien bonds when due, $750,000 4s
having been sold Oct.
1909 to redeem the $750,000 West
Jersey 6s due Nov. 1 1909. V. 62,
p. 1179; V. 84, p. 160; V. 89. p. 995.
EARNINGS.—5 mos., /1910
Jan. 1 to May 31.
11909

Gross, $2,050,528; net, $132,277
Gross,
1,861,328; net,
153,777
In V. 90, p. 1359.

REPORT.—Report for 1909 was
Years ending Dec. 31—
1909.
1908.
1907.
1906.
Gross earnings
$5,542,101
$5,114,888
$5,654,904
$5,206,284
Net earnings
1,428,128
1,1/0,399
1,228.864
1,249,379
In 1909, other income, $50,656; lnt. on funded debt, rentals, taxes, Ac.,
$725,973; dlvs. at 4 4% on com. (and 6% on special guar.) call for $440,112;
extraordinary exp., $277,788; bal., sur., $34,911.—(V. 90, p. 1359.)
WEST SHORE RR.—(See Maps N. Y. Central A Hudson Rirer.)—Wee-

haw ken, N. J., opposite N. Y. City, to Buffalo. N. Y., with branches,
436 miles; Syr. Ont. A N. Y. RR. (owned),
Syracuse to Earlvllle, 43 m.
Between Utica and Syracuse is being equipped electricaUy.




134

RAILWY
STOCKS
AND

BONDS.
[Vol.

lx i.

July, 1910.]

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
see notes on first page']

Miles
Road

[For abbreviations, Ac.,

Date
Bonds

Par
Value

135

Amount

Rate

When

Outstanding

%

Payable

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

Western Maryland—

Pref stock 4% non-cum $10,000,000 red conv text.
$10,000,000 See text
1st mtg $50,000,000 g-Me.xc* &r
(text) 1902
4 g
$1,000 42;518;000
1909
Equip certs due seml-an red 102 H (V. 88, p. 55)__
5
1,000
458,000
West Va Cent & P 1st M g $3,600,000 as'm’dMp.c*
132 1881
6 g
1,000
3,250,000
Piedmont & Cumberland 1st M gold assumed—Me
29 1886
6 g
1,000
650,000
Coal & Iron Ry 1st M gassum(v 71, p 1166).Me.Ba
45 1900
1,000
6 g
1,000,000
Potomac Val 1st M $2,000,000 g assum. .MeBa.c* &r
31 1891
1,000
5 g
1,300,000
Lines Leased (x) and Controlled by Ownership of all (y) or Majori ty (z) of S tock—See st atement
3
1879
xy Balt A Cumb Val Ry 1st mtg Interest rental.,
500
6
48,500
5 1879
xy Balt & Cumb Val RR 1st mtge Interest rental.,
100 &c
6
72,800
x Balt&Cum Val RR Ext stk gu ($270,000 car 7%)
50
5&7
390,600
First mortgage Interest rental
Ba
1,000
6
27j 1881
230;000
xz Balt & Harrisburg Ry mortgage gold..MeBa.c*
66 1886
1,000
5 g
690,000
15 1888
xy Balt A Harrisburg Ry W Ext gold guar.MeBa.c*
1,000
5 g
240,000
Western N Y & Penn—1st M ($10,000,000) g-.Me.c*
600 1887
1,000
5 g
9,990,000
General mortgage $10,000,000 gold
600 1895
Un.c*
1,000 10,000,000
4 g
Income bonds $10,000,000 gold non-cum..FP.c*
1895
1,000 10,000,000
5
Western Pacific—1st M $50,000,000 gred 105 Eq.c* At
927 1903 1,000 dsC 49,925,000
5 g
Second mtge $25,000,000 gold s f redeem par
Ce
1908
1,000 25,000,000
5 g
.

....

----

Western Pennsylvania—See Pennsylvania RR.
Wheeling & Lake Erie—Receiver’s certificates
Receiver’s certificates $1,859,000 redeem after 1
do
do
do
do

do
do
do
do

1908
1908

yr

107,350
1,859,000
234,000
1,802,000

extended in 1910
($373,000 due March 1911)

$1,429,000...
$188,500

First mortgage Lake Erie Dlv gold
Me.c*
First M Wheeling Dlv $ A £ (2d on 187 m) g..Ce,c*
Extension and lmprov’t M ($1,900,000) gold__Ce.c*
First consol mortgage gold $15,000,000
Me.c*
General mortgage $35,000,000 gold.
Ce.c*&i
Notes gold secured by $12,000,000 4s
N
Car trusts June 1910 payable seml-ann & annually
Equipment bonds $2,500,000 gold s f (see text) ..Me
Equipment trust notes gold
Wheeling Term—1st M $2,000,000 g s f guar p A i.c&r
White & Black River Valley—1st M g lnt guar__F.c*

187
50
260
451
....

....

.....

10

62

1909
1910
1886
1888
1889
1899
1905
1905

1,429,000
188,500
1,000
1,000
1,000
1,000
1,000

1902
1904
1900
1900

1,000
1,000
1,000
1,000

WEST VIRGINIA & PITTSBURGH RY.—See page 166.
WESTERN (THE) RY. OF ALABAMA.—Selma to West Point, 132 m.
Georgia RR. and Cent, of Georgia each own half the $3,000,000 stock.
DIVIDENDS.— V»4-’96. ’97. ’98. ’99. ’00. ’01. *02-’06. ’07. ’08. *09.
Per cent
/ 2 y’ly
3
0
5
4
2
4 y’ly
5
5
5
For year ending June 30 1908, gross, $1,143,550; net, $257,638; other
income, $28,760; charges, &c., $135,686; divs., $150,000.—(V. 82, p. 336.)

WESTERN MARYLAND RY.—

Lines Owned—(390.7 m.)

Miles.

Lines Leased—(150.8 m.)
Miles.
Balt. & Cumb. Val. (3 cos.)
*34.1
Balt. & Harrisburg (3 cos.)>.--*97.6
Washington A Franklin
*19.1
Trackage In Baltimore
2.7

with branches
218.6
(• See this Co.)
Total June 30 1908 (also 38.69 m. 2d A 216.53 m. side,

Lonaconlng, Md., 21 miles, with4branches; total,33miles (V. 88,

p. 1003;
V. 90, p. 772.)
In May 1910 began building an 87-mlle connecting line (of which 18 *4
under charter of*,Georges Creek & Cumberland and 68 H under that of Connellsvllle & State Line RR.) with the Pitts. & Lake Erie, with which a 99year traffic agreement was made from a point 2 miles west of Cumberland,
Md.. to Connellsvllle, Pa.
V. 90, p. 238, 850, 1297, 1364.

ORGANIZATION.—Incorporated Dec. 1 1909 as successor per plan
V. 89, p. 287, to the Western Maryland Railroad, foreclosed Nov. 19 1909
subject to first mortgage of 1902. V. 89, p. 1484, 1142, 1349.
The holders of the $10,000,000 old gen. lien bonds received par for princi¬
pal In the new pref. stock and $8.36 In new com. stock for unpaid overdue
coupons, incl. that of Oct. 1 1909, with lnt. thereon, and also had the right
to subscribe for 50% of their holdings In new com. stock at 40 (see below).
A bankers’ syndicate purchased $20,685,400 of the new com stock to

f»rovide property,
the $8,274,160
cash required
to retire theand
temporary
obligations
betterments
and Improvements,
further outlays
to be
or new

made therefor In excess of $600,000, and offered the general Hen bond¬
holders the right to subscribe for 50% of their holdings, 1. e., $5,000,000
new stock, at 40, or $2,000,000, and to the holders of the old com. stock
($15,685,400), 100% In new common stock on payment of 40% thereof, or

$6,274,160 In cash.
STOCK—Pref. stock, non-cum. 4%, $10,000,000, all outstanding, Is

Sref.
olderboth
andand
in re-issuable
liquidation and
convertible
at optionthe
of
Into as to dividends
stock at par
such
without Increasing
as

aggregate amount of stock and redeemable at company’s option at par.
Com. stock $50,000,000, of which the $25,469,670 unissued stock which
was underwritten was offered to stockholders
pro rata at 50, payable 10%
each April 5 and Oct. 1 1910, April 1 and Oct. 1 1911 and
April 1 1912, or
optionally In full at any time, the proceeds of the stock to be used to con¬
struct the 85-mlle road from a point 2 miles west of
Cumberland, Md to
,

Connellsvllle, Pa.

V. 90, p. 850, 628, 448.
DIVIDENDS.—1st quar. dlv. on pref., 1%, paid Apr. 20 1910; July, 1%.
BONDS.—The 1st M. Is a direct 1st lien on 157 miles, a direct 2nd
lien on 227 m. add’l, and also covers practically all the stock of
proprietary
and leased cos. owning 131 miles of road, subject to $1,281,500 under¬
lying bonds, making a total of 522 miles covered; also covers coal and coke
properties. V. 75, p. 550, 850; V. 79, p. 1024; see V. 79, p. 2692, and
V. 81, p. 266; V. 80, p. 473, 1914; V. 81, p. 614; V. 83, p.
273; V. 89,
p. 666.
RAILROAD EARNINGS.— (1910
5 mos., Jan. 1 to May 31.
[1909

Gross, $3,054,391; net, $1,394,976

Gross,
; net,
1906-07 was In V. 85, p. 1266.
1908-09.
1907-08.
1906-07.
1905-06.
.$5,952,696
$5,648,278 $5,600,455 $4,802,094
Net earnings over taxes
2,048,967
1,873,180
1,870,477
1,696,411
Interest on deposits, &o_
119,917
120,374
110,397
82,072
REPORT.—Report for
Year ending June 30—

year

.

Profits, coal, &c., depts.

$2,168,884
’430,011

Total net Income
$2,598,895
Interest on bonds
$2,043,220
Rentals leased lines, &c_
175,821

122,433
232,430

$1,993,554
502,020

$1,980,874
674,677

$1,778,483

$2,495,575
$2,264,893
144,931
336,830
108,911

$2,655,551
$2,227,142
107,069
310,376

$2,498,527
$1,966,846
171,553
108,619

$24,991 df. $359,990
$10,964
l, 628, 700, 772, 850,916, 1297, 1364.)

720,044

$251,509

WESTERN NEW YORK & PENNSYLVANIA RY.—(See Map Pennsyl¬

vania RR.)—Owns Buffalo to Emporium, Pa., 118 miles; Buffalo to Oil
City, Pa., 136 miles; Oil City to Olean, 110 miles; Stoneboro to Mahoningtown, 37 miles; branches. Including proprietary lines, 198 miles; total owned,
597 miles: trackage, 53 miles; total, 650 miles.

ORGANIZATION.—Reorganization Mch. 18 1895 (per plan in “Sup¬
plement” of Jan. 1895) of the Railroad, foreclosed Feb. 5 1895.
In 1900 the Penn. RR. purchased $19,402,686 of the
$20,000,000 stock at
$9 per share (par $50), $9,165,000 Inc. bonds at $300 per bond, and leases
the road for 20 years from Aug. 1 1903,
subject to termination on 60 days’
V. 75, p. 1255.
notice.
As to reorganization rumors, see V. 89, p. 105.
BONDS.—Abstract of 1st M. in V. 47, p. 109.
Deo. 31 1909. $395,000
Income bond were In the treasury.
Mortgages and ground rents, $562,428.




1,798;000

420,000
1,566,000
600,000

6
6

July 1910, 1%

Offlrtfl

1 ?0 R’txtott

AT

V

Oct 1 1952
New York
Jan ’ll-Jan ’19 Mercantile Trust
Co, N Y
July 1 1911
Mercantile Tr Co, N Y
Aug 1 1911
do
do
Aug 1 1920
Mero Tr A Dep Co, Balt
Jan 1 1941
Maryland Nat Bk, Balto
ompany.
July 1 1929
do
do
July 1 1929
do
do

July 1 1910
July 1 1931
Nov 1 1936
May 1 1938
Jan 1 1937
Apr 1 1943

Apr 1 1943
Sep 1 1933
July 1 1952

do
do
do
do
do
do
New York Trust Co, N Y
do
do
Fidel Trust—When earn
New York A San Fran
New York

July 1 1911
Nov 1 1910
Nov 1 1910

6
6
5
5
5
4
4
5

Mch-May 1911
June 1 1911
g
g
g
g
g
g

A

J
F
M

F
F

A
A
A
A
A
A

o
J
A
s
A
A

5 g

J
A
J
4H g Various
4 g
F
A
A
5 g
A
J
J

Oct

1 1926

July 1 1928
Feb 1 1930

Sep 1 1949
Aug 1 1955
Aug 1 1908
Toltfov 1914
Jan

1 1922

To Dec 1914

Aug 1 1940
June 30 1980

Mercantile Trust Co. N Y
Central Trust Co, N Y
do
do
Mercantile Trust Co, N Y
See text
Various
Jan *10 coup paid wh duo
Various

Office, Pittsburgh
First National Bank, N Y

ANNUAL REPORT.—Report for 1909 was in V. 90, p. 1483.
Years ending Dec. 31—
1909.
1908.
1907.
Gross earnings
$7,794,613 $7*240,235 $9,287,414
Net earnings after taxes
$1,005,908
$310,129
$1,414,530
Interest on first mortgage
499,500
499,500
499,500
lnt. on gen. mtge. (see above)
400,000
400,000
400,000
Car trusts and other Interest
503,018
447,268
494,532
Miscellaneous and extraordinary
395,889
451,639
412,742
_

Balance, deficit
$792,499
$1,554,390
$392,244
—(V. 88, p. 1063,1123; V. 89, p. 105; V. 90, p. 978, 1103,1483.)
WESTERN PACIFIC RY.—(See Map Denver A Rio Grande.)— Salt Lake
City, Utah, to Oakland (San Francisco), with branches, 927 miles; operation
for (some) freight begun in Dec. 1909.
Throughpassenger business to begin
Aug. 22 1910. V. 91, p. 216. The Denv. & Rio Gr. owns two-thirds of
stock and agrees to meet any deficiency In
earnings to provide interest on
bonds.
V. 80, p. 1730.
Stock

authorized, $75,000,000; par of shares, $100; V. 81, p. 728.

Bonds.

$49,925,000, have been sold; see table above; sink, fund, $50,000 yearly,
beginning Sept. 1910. V. 78, p. 1168; V. 80, p. 1480; V. 81, p. 32; V. 86.

1287; V. 87, p. 40, 286; V. 88, p. 102, 565, 1063, 1130.
The $25,000,000
2d mtge. bonds, which were purchased by Den. & Rio Grande to
complete
the road, are deposited under Its “first and
refunding” mtge. V. 86, p.
1227; V. 87, p. 741; V. 90, p. 848.
Pres., E. T. Jeffery; V.-P., T. M. Schu¬
macher.—(V. 89, p. 412, 995, 1143, 1224, 1544; V. 90. p. 772; V. 91, p. 216.)
p.

&c., track) .543.1

Through West Va. Cent. & Pitts., acquired 135,000 acres of bituminous
coal lands, 23 mining plants. 823 coke ovens. &c.
In 1907 acquired stock of George’s Creek & Cumberland, Cumberland to

com.

See text

8,000,000
170,000

LEASE.—Leased In 1885 for 475 years to the New York Central A
Hudson River 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 mtge. In V. 42, p. 176.—(V. 68, p. 332.)

Maryland division, Balto., via
Hagerstown & Wmsport. to
Cumberland,. Md
171.0
West Va. dlv., Maryland to Belrngton and Durbin, W. Va.,

2,000,000
894,000
409,000
11.697.000

Q —J
A
&
O
J
A
J
J
&
J
F
&
A
F
&
A
J
A
J
of each c
J
&
J
J
&
J
j
&
J
A
J
J
M
A
N
M
A N
J
A
J
A
A
O
Nov 1
M A
S
J
A
J

WHEELINQ & LAKE-ERIE RR.- ■{See Map of Wabash RR.)—Includes:

Lines owned—

Toledo, O., to Martin’s Ferry
Cleveland to Zanesville, O
Canton to Sherrodsville
Toledo Belt Line
Total July 30 1909

Miles.

216 Cleveland Belt
144 Various branches owned
45 Branch oper., perp. lease
5

Miles.
6
61
21
498

HISTORY.—Organized in 1899, per plan In V. 66, p. 1142; V. 68, p. 830
STOCK.—Common, $20,000,000; 1st pref., 4% non-cum., $4,986,900;
2d pref., 4% non-cum., $11,993,500.
Par, $100.
Wabash-Plttsburgh
Terminal

Ry. owns $11,870,000 common, $6,423,800 2d pref. and $847,500
1st pref. stock.
V. 78, p. 2386, 2444.
Owns majority of stock of the Pitts. Wheeling & Lake Erie Coal
Co.,
leased In 1901 for ten years to other parties.
V. 88, p. 749, 104; V. 89,
p. 995.
Controls Sugar Creek A Northern (cut-off), Bolivar to Orrvllle,
22 miles.
V. 89, p. 227.
The Pittsburgh Lisbon & Western, New Galilee, Pa., to
Lisbon, O., and
Salem to Washingtonville, O., 7 miles, Is owned, but operated
separately.
It has outstanding $150,000 5% bonds due July 1 1926, red. at

105, and
$838,000 1st 50-yr. 4s due Deo. 1 1952. Bowling Green Tr. Co., N. Y., trust.
RECEIVERSHIP.—On June 8 1908 B. A. Worthington was appointed
receiver.
V. 86, p. 1469.
On Aug. 7 1908 $364,000 2-year 6% receiver’s
certificates were authorized, and in Sept. $233,940 to pay the
Sept. 1908
coupons on the first consols and In Mch. 1909 $373,000 6% certfs. to pay
the $233,940 coupons on the first consols and $139,970 for taxes. V. 87,
p. 416, 616; V. 88, p. 626.
On April 17 1909 $1,429,000 2-year 6% receiv¬
ers’ certfs. were auth. for Improvements.
V. 88, p. 750, 1063; V. 89, p.
1544.
On Nov. 17 1908 $1,859,000 of 6% receivers’ certfs. were authorized
redeemable at any time after one year.
V. 87, p. 1359.
In July 1910 per¬
mission was given to issue $188,500 certificates to complete the Sugar Creek
& Northern RR.; also to extend for one year the $107,350 certificates due
July 1 and for 2 mos. the $234,000 due Sept. 1 1910. V. 91, p. 216. In
Sept. 1908 foreclosure was begun under gen. mtge. V. 90, p. 1536.
In June ’08 Brown Bros. A Co. and Maitland, Coppell & Co.
requested
1st consol. M. bondholders to communicate with them.
V. 86, p. 1591.
Committee for Equipment Bonds Due 1922.—F J. Llsman, Chairman:
Wm. G. Edinburg, Sec.; Columbia Tr. Co., N. Y., depos.;V. 87,
p. 168.
PLAN.—The preliminary reorganization plan proposed In Jan. 1910
(V. 90, p. 169) providing for consolidation with the Wabash-Plttsburgh
Term. Ry. and the relinquishment of control by the Wabash, was aban¬
doned.
It Is expected a new plan, providing for separate
reorganization,
will be formulated shortly.
BONDS.—Mtge. of 1899, see application to list, V. 71, p. 34, 542; V. 72,
p. 534, 628; V. 74, p. 1040; V. 77, p. 2392.
Equipment bonds of 1902 may be purchased at not exceeding 105 and in- ■
terest or drawn by lot at 108 and Interest (or the sinking fund may be
applied
to the purchase of additional equipment) to the
following amounts: $100,000
yearly to Jan. 1 1909, then $100,000, $125,000, $150,000 and $175,000
yearly for each successive period of 4 years. V. 74, p. 578.
The stockholders in 1905 authorized $35,000,000 4% bonds, of which
$12,000,000 were pledged to secure $8,000,000 notes sold for double track
and other improvements and equipment.
The notes not being met at ma¬
turity, on Aug. 1 1908, were purchased by a syndicate. V. 81, p. 669,
778; V. 83. p. 1287; V. 87, p. 286, 348.
LATEST EARNINGS.— (1909-10...Gross, $6,950,437; net, $2,174,383
12 mos., July 1 to June 30.U1908-09—Gross,
5,633,645; net, 1,432,927
REPORT —For year ending June 30 1909 In V. 89, p. 842.
In 1908-09 of
rev. fght., products of mines furnished 68.69% (bituminous coal,
46.73%),
Fiscal
Gross
Net (Over
Other
Mtg.Bond
Other
Balance,
Year— Earnings.
Taxes).
Income.
Interest.
Deduc.
Sur.orDef.
1908-09.$5,633,645 $1,172,591 dr.$25,685 $321,110 $798,364 sur.$27,432
1907-08. 5,397,001
846,714
160,186 1,033,030
577,797 def.603,927
1906-07. 6,124,207
1,771,920
120,431 1,033,030
527,092 sur.332,229
Interest on bonds in 1908-09 Includes Interest on consolidated mortgage
bonds for 4 months only. Interest for remaining 8 months having been paid
from proceeds of receiver’s certificates.
“Other deductions” in 1908-09
Include, In addition to Interest on equipment obligations, interest and dis¬
count and rents for road and equipment, the following: Interest on re¬
ceiver’s certificates, $96,123; discount on receiver’s certificates, $61,670; and
equipment obligations paid by receiver, $237,877.
OFFICERS.—Chairman of Board, Myron T. Herrick, Cleveland; Pres.j
Edwin Gould, New York; Sec. and Treas., H. B. Henson, New York.

[VOL. LXXXXI

RAILWAY STOCKS AND BONDS.

136
RAILROAD COMPANIES
see notes on first

[For abbreviations, Ac.,

Miles
Road

page]

Par
Value

Amount

110

...

Mortgage debentures (navigation bonds) redeem 105

Wichita Falls & Northw—First M g red 105-FC.xcdbr
Pan Handle Dlv 1st lien collat tr M gold s f.-FC.c
Wichita Falls & So—1st M $780,000 g gu pdbi s f .FC.c*
Wilkes-Barre & Scranton—Stock 5% rental
First mortgage gold guar p db 1 by L C db N Co....

Williams Valley—First mtge $120,000 authorized
Williamsport & Nor Br—First mtge $750,000 g-FP.c*

Wilmington Columbia & Augusta—See Atlantic Coast
Willmar dc Sioux Falls—See Great Northern
Wilmington & Northern—1st M call In 1907 lnt guar-*
General mtge $1,000,000 gold p & 1 guar (end) .PeP.r
Wilmington dc Weldon—See Atlantic Coast Line RR
Winona Bridge—First mtge gold s f redeem at 110. _F
Winston-Salem Southbound—See Norfolk & Western
Wisconsin Cent Ry—Pref stk 4% n-c $12,500,000 auth
First general mortgage ($27,000,000)
Us.c*
Marsh & S E Dlv first mtge gold subj to call 105. Us
Sup & Dul Dlv & Term M $7,500,000 g (text)-Us.c*
Chicago Wise & Minn first mtge gold assumed—c*
Milwaukee & Lake Win first mtge gold assumed..c*
First and ref M gold $60,000,000 auth
xc*&x
Equipment trusts gold due $60,000 yearly
Mp
.Tune 1910

Wisconsin & Michigan—First mtge gold $951,000.Mp
General mortgage gold (see text)
Wise Minn & Pacific—First mtge (see text) g-.-Me.c*
Wisconsin dc Northern—First M $10,000,000 g-0s.c*
Woonsocket & Pasc—First M lnt guar City of Woon.c
Worcester Nashua & Rochester—Stock ($3,600,000).
Worcester & Nashua first)
(
mortgage of 1879 se-)($511,000 due in 1913).(
cures all equally
1
j
Wrightsv & Tennllle—1st M s f g red 102 H beg *12. c*
Yosemlte Short Line Ry—See Sierra Ry of California

Yosemite Valley—First mtge $3,000,000 gold s

f—c*

1900

1901
1909
153
60 1910
52
1908
4.37
1888
4.87
11
1903
47
1901
Line RR.
-

-

-

-

-

-

£100

£255.555

2,300,000
900,000
780,000

50

500,000

1,000
500

500.000
120.000

1,000

545.000

5
6
5
5
5
5
4
5
4

J
J
J
J
J

do
ds
do
db
db

J
H gJ

db
db

D Dec 1 1923
J July 1 1931

J

db

D Dec 1 1927

g
g
g

H

88
88

1887

500

1,000

354,000
406,000

5

1892

1.03

1890

1,000

384,000

Off

100

All
33
160
122
66
-.-

54
271
...

1899
1901
1906
1885
1882
1909
1905-7
1895
1905
1900
1907
1890

9
94
47
1905
47 1890-3
47
1894
104 1907

78

1906

1.000
1,000
1,000
1,000
1,000
$ ds £
1,000
1,000
1,000
1,000
1,000
100

1,000
1,000
1,000

1.000

WHEELING TERMINAL RY.—Owns a railway bridge at

Wheeling, W.

Off
M

3,000,000

5 g

J

Offioe 7 Moorgate St.Lon
do
d ■

Glyn, M, C db Co, London
Equit Tr Co, N Y db Chic
New York and Chicago
Eq Tr Co. N Y db Chicago
437 Chestnut St, Phlla

June 15’10

(Pa) Nat Bk
Fidelity Trust Co, Phlla

do

do

209

Adams

Street

Chic

2%

July 1 1949
May 1 1951
May 1 1936

New York
Bank of Montreal

Mch 1 1916

July 1 1912
Apr 11959
To Oct 13 1912
Various
Jan 1 1945
Feb 1 1955
Oct 1 1950
July 1 1932
Oct 1 1910

See text
New York
J P Morgan db Co, N Y
New York
R I Hosp ds Tr Co. Prov
American Trust Co, Bost
July 1 *10 3%
do
do
Jan 1 1935
do
do
Jan 1913 ds 1930
do
do
Oct 1 1934
Jan 1 1958
Tennllle. Ga

J Jan

db

do

do
Tower City

Reading Terminal, Phlla

S Sept 1 1915

db

Places Where Interest and
Dividends are Payable

Aug 1 1932

Quar

11.267.105 See text
Quar
db
J
J
23.947,000
4 g
4 g
M
db
N
405,000
M
db
4 g
N
7,500,000
M
S
6
ds
776.000
db
J
6 ff
J
604.000
4 ff
A
ds
O
2.500.000
0
J
db
J
175,000
g
1.341.932 Various Vnrlnu*
J
db
J
0 g
1.305.585
V 81. p 1842
F
A
4 g
db
db
4 g
A
O
6.232.000
See text
4 ff
db
J
J
5
db
A
O
100,000
db
J
3.099.800 5 Kin’10 J
J
ds
J
4 ff
150,000
J
4
J
db
1,246,000
db
O
A
4
380,000
J
db
J
0 ff
100,000

1,000

DIRECTORS.—E. T. Jeffery, Edwin Gould, R. C. Clowry, Klngdon
Gould, Alvin W. Krpch and W. E. Connor of New York; Myron T. Herrick,
George A. Garretson, E. W. Oglebay, H. P. McIntosh, B. A. Worthington
and w. M. Duncan of Cleveland; and C. M. Spitzer, F. J. Reynolds and
S. C. Reynolds of Toledo, O—(V. 90, p. 1240, 1556; V. 91, p. 40, 96,216.)

j July 15 *10 1%
J Dec 31 1930
J Jan 1 1930
J Jan 1 1939
J Jan 1 1925
J Jan 1 1938
Dec 31
Dec31 1909 5%
M
db
N
g
May 1 1938
db

1,000
1,000
1,000

Last Dividend
and Maturity

When

Payable

£1,375.000 2 in 1910 j

£746i702

£10 dec

-

Rate
%

Outstanding

£10

White Pn«s A Yllkft1—Stock £1,700,000
Cons 1st M deb stk red after 1920

(niRtR mrtniM <iAtm

Date
Bonds

Mech Trust Co,

1 1936

Portage and from Hancock to Grand Rapids, the

the

San Fran

road being leased for 99

for

years from April 1 1909, and most of
preferred stock exchanged
Minn. St. P. ds S. S. M. leased line certificates, secured by deposit of Wise.
Cent. pref. stock, on which 4% dividends are paid.
V. 88, p. 159, 232,
566, 626, 750, 1003. 1439; V. 89. p. 780.

STOCK.—Stock, authorized, common, $17,500,000; pref., 4% non$12,500,000. Outstanding, common, $16,147,876; pref., $11,267,105;
par of shares, $100.
After 4 % dividends on both classes shall have been

Va., and about 10 miles of terminal track.
Successor of Wheeling Bridge ds
Terminal Ry.. foreclosed In 1900.
STOCK.—$2,000,000, all owned by

cum.,

of which $400,000 are reserved for additions and Improvements; mtge.
trustee. Commercial Trust Co. of Phlla.
Form of guaranty, V. 76, p. 655.
Penn. RR. on Jan. 1 1910 owned $1,263,000 bonds.
Dividends, 2% paid In
1906 and 1907. Cal. year 1909, gross, $38,490; op. def., $34,622;other Income

for such year.
The preferred has the right to elect a majority of the
directors on failure for two successive years to receive 4% per annum.

principal and Interest of bonds,

Pennsylvania Company, which guarantees

$108,684; charges, $71,275; bal., sur.,
(V. 76, p. 655.)

$2,787.

Sec., S. B. Liggett.—

WHITE & BLACK RIVER VALLEY RR.—Brinkley to Jacksonport,
Ark., 56 miles; Wiville, Ark., to Gregory, 6 m.; total, 62 miles.
Leased for
80 years

from July 1 1900 to the Choctaw

Oklahoma ds Gulf RR. for guar¬
assigned In 1910 to St. Louis

anty of lnt., endorsed on bonds, lease being
Iron Mt. db Southern (Mo. Pac. system).

V. 90, p. 504.

Stock auth.,

$1,875,000; paid In, $323,000. Of the $600,000 bonds outstanding, $100,000 have coupons cut off for the first 10 years and $200,000 are reserved for
extension to Batesvllle.—(V. 72, p. 189; V. 90, p. 504.)
WHITE PASS & YUKON RY.—See page 166.
WICHITA FALLS &

NORTHWESTERN RY.—Owns from Henrietta.

Tex., to Elk City, Okla., 153 miles (Including the Wichita Falls Ry., Hen
rletta, Tex., to Wichita Falls, 18 miles, all of whose securities are owned

operated by Mo. Kan. & Texas Ry. under contract

extending to Jan. 1 1930

Providing
division
rates).to Wellington,
An extensionTex.,
was 60
about
in
completed
uly 1910 for
from
Altus, ofOkla.,
miles,
under the
Wichita Falls ds Hollis Ry. and Wichita Falls ds Wel¬
BONDS below. Also branch from Devol, Okla., to Law1910. The Wichita Falls & Southern Ry., controlled
interests, completed from Wichita Falls to Newcastle, 52 miles. In

charters of the Altus

lington Ry.—see

ton, 38 miles, by Sept.

by same

Sept. 1908.

Stock authorized (?).
The 1st 5s of 1909 ($2,300,000, all Issued) are
secured on 153 miles by direct first lien or deposit of securities; sinking fund
of 1% payable semi-annually.
V. 88, p. 1439. The Panhandle Dlv. collat.
trust 5s of 1910 are secured by a first lien on the road between Altus, Okla..
and Wellington, Tex., 60 miles, by deposit of all the stocks and bonds Issued

by companies comprising the division, and further by a lien on the main
Tex., to Elk City, Okla., 153 miles, subject to the
$2,300,000 outstanding bonds.
V. 90, p. 700. Wlch. F. & So. bonds
($700,000 outstanding) guar. p. & 1. by Wlch. Falls Ry and W. F. ds
Northwestern, V. 88, p. 687, 884, 946.

line from Henrietta,

Gross, $542,958; net, $347,266
11 mos., July 1 to May 31.11908-09
Gross, 345,638; net, 216,455
For year ending Dec. 31 1909, gross, $483,152; net after taxes, $320,533;
bond lnt., $115,000; bal., sur., $205,533.
For year ending Oct. 31 1908,
LATEST

EARNINGS.—J1909-10

foss,
after taxes
Pres.,
JosephFalls,
A
Wiley Blair,
Wichita
emp; $274,861;
V.-P., W. net,
C. Fordyce;
Sec. ($9,365),
and Treas.,$153,636.
Tex.—(V. 90, p. 448. 561,

700.)

WILKES-BARRE & SCRANTON RY.—(See Map Reading System.)—

Owns from Scranton to Minooka Jet., Pa., 4.37 m., of which 1 X miles Is
double track.
Leased from May 1 1888 to Lehigh Coal ds Nav. Co. (which
holds all the stock) during corporate existence less one year, at $47,500
per annum and taxes.
Lease assigned to Central of N. J. at 6% on cost of
road ($1,141,676) and taxes.

WILLIAM’S VALLEY RR.—Brookside to Lykens, Pa., 11.16 miles.
authorized, $120,000; outstanding, $90,000; par of shares, $50.
April 1907 the Reading Co. obtained control.
V. 84, p. 933. For year

Stock
In

1907-08, gross, $28,958; net,
—(V. 84, p. 933.)

$1,444; charges, $8,467; bal., def., $7,023.

WILLIAMSPORT & NORTH BRANCH RR.—Hall’s to Satterfield, Pa.,
and branch, 47 miles; leases Eagles Mere RR., 10 miles; total, 57 miles.
Stock (authorized, $2,000,000), common, $925,362; preferred, $400,000;
par, $50.
In Sept. 1909 $150,250 preferred stock was purchased by new
parties. V. 89, p. 780. The 4^3 of 1901 cover the road and 3,000 acres
of coal lands In Sullivan County, Pa., $250,000 being reserved for extensions.
V. 72, p. 990, 1280.
Equipment trusts June 30 1909, $37,500; bills pay¬
able, $35,448.
For year ending June 30 1908, gross, $150,924; net, $26,950; charges.
$34,853; other deductions, $4,340; bal., def., $12,254.
Pres., S. D. Town¬
send, Hughesville, Pa.; Sec. & Treas., H.C. Adams, N. Y.—(V. 89, p. 780.)
WILMINGTON & NORTH. RR—WINONA BRIDGE.—See p. 166.

WISCASSET WATERVILLE & FARMINGTON.—See Issue of Jan. 1908.
WISCONSIN CENTRAL RAILWAY.—SYSTEM extends from Chicago
to Ashland, Wls., and Lake Superior iron mines; also to St. Paul and Minne¬
apolis and to Superior and Duluth.
By car ferry connects with the Pere
Marquette and has a short line to the East. V. 63, p. 117. System Includes
Lines owned—
Miles.
Lines owned—
Miles.
33
Chic, to Trout Brook Jet., Wls._ 452 Marshfield to Nekoosa
Other
branches
49
Abbotsford to Ashland, Wls— 133
32
Owen to Superior
154 Trackage to Chic., Min., dec
Branch to Bessemer
Stevens Point to Portage City..
Neenah to Manitowoc (14 jointly)
Extension from Ladysmith to

34 Rugby to Milwaukee,
71
44
Total June 30 1909

dec

28

..1,030
Superior, included above, 115 miles, was
opened Jan. 4 1909; further extension to Duluth opened Jan. 3 1910.
V. 81, p. 1263; V. 82, p. 1324; V. 83. p. 986; V. 88. p. 102.
ORGANIZATION.—Successor July 1899 of Wisconsin Cent. Co., fore¬
closed per plan V. 68, p. 725; V. 69, p. 29, 133; V. 70. p. 4$4.
In Jan. 190#
Minn. St. Paul db S. S. M. acquired 51% of common stock, affording that
road a Chicago connection, cut-offs to be built from Burlington, Wis.,Jto




paid in any year, both shall participate equally in any further dividends
Dec. 23
On June 15

DIVIDENDS.—First dlv. on pref., 4% for the year, paid 1%
1908 and 1%
1910 2% out

each on Mch. 11 and July 15 and Oct. 15 1909.
of surplus prior to Jan. 1 1910.
V. 90, p. 1364.

BONDS.—The 1st gen. gold 4s
cured by a mtge. upon all the lines

of 1899 ($27,000,000 authorized) are se¬
of railway, terminals, equlpm’t and other

property acquired thereby, and also by deposit of all securities' owned
acquired under the plan; in Jan. 1909 $1,519,000 were reserved to retire
underlying bonds still outstanding; $800,250 available for improvements
were issued June 1908.
Of the generals, up to Feb. 1909 $892,000 were
purchased in the open market and canceled. V. 75. p. 734, 1204; V. 77,
p. 1236; V. 86, p. 1591.
In Oct. 1908 arranged to purchase 2,650 freight
cars for $1,492,250 on deferred payments.
V. 87, p. 1012.
The Superior ds Duluth Division ds Term. 4s are limited to $7,500,000,
the present amount outstanding; they cover the road from Owen, Wls.,
via Superior to Duluth, Minn., 160 miles, and terminals at both Superior
and Duluth.
V. 82, p. 806, 930, 1103; V. 83, p. 986; V. 84. p. 1429; V.
85, p. 532; V. 86, p. 1411; V. 88, p. 824.
There are also $62,000 Dickin¬
son equipment trust 6s due $24,000 yearly to April 1 1913.
The directors in March 1909 authorized a “first and refunding” mtge.
to secure an issue of bonds limited to $60,000,000, of which $36,459,000
is reserved to refund existing bonds and equipment obligations and the re¬
mainder for general purposes; Empire Trust Co., N. Y., trustee; $2,500,000
have been sold.
V. 88, p. 687, 824, 884; V. 89, p. 44, 1069.

or

Gross, $8,132,663; net. $2,451,827
Gross, 6,902,392; net, 1,889,987

EARNINGS.—11 mos.,/1909-10
July 1 to May 31.
\l908-09

REPORT.—Report for year ending June 30 1909, in V. 89, p. 1065.
will be Included with those of the lessee.

ture reports

Fu¬

1908-09.

1907-08.

Operating revenue
Operating expenses and taxes

$7,494,355
5,445,134

$7,307,311
5,449,023

+$187,044
—3,889

Net earnings
Total net income.-.
Interest, rentals, &c.-_

$2,049,221

$1,858,288
$1,908,858
1,557,849

+$190,933

$2,083,945

-

1,635,902

Inc. or Dec.

+$175,087

+78,053

$448,042
$351,009
+$97,033
4% dividend declared Dec. 1908, calling for $450,688, was paid out

Balance, surplus
The

of accumulated surplus.

DIRECTORS.—Edmund Pennington, A. H. Bright, W. L. Martin, J. S.

Pillsbury, C. E. Wales and C. T. Jaffray, Minneapolis; Newman Erb, Leroy
W. Baldwin, New York; Sidney G. Courteen, Milwaukee, Wls.; M. H.
Ballou. Menasha, Wls.; Wm. Irvine, Chippewa Falls, Wls.
OFFICERS.—Pres., Edmund Pennington, Minneapolis; V.-P., A. H.
Bright, Minneapolis; Comp., C. W. Gardner, Minneapolis; Auditor, Robert
Toombs, Minneapolis; Treas., Chas. F. Clement, Minneapolis; Sec., G. W.
Webster, Minneapolis; Asst. Sec., J. A. Millington, Milwaukee.—(V. 89,
p. 44, 780, 995, 1065, 1069, 1143; V. 90, p. 504, 1364.)

WISCONSIN & MICHIGAN RY.—See page 166.
WISCONSIN MINNESOTA & PACIFIC.—See page 166.
WISCONSIN & NORTHERN RR.—Projected from Menasha, Wls., north

to Mass, Mich., 210 miles, with branch
Shawano to Van Ostrand, 36 miles, and

to Antigo, Wls., 24 miles, of which
Crandon to W. & N. June., 6 miles,

operated in Dec. 1907. Stock, $1,000,000; outstanding, $700,000;
$100.
Bonds, $10,000,000 auth. Pres., H. F. Whitcomb; Sec., F. H.
Josselyn.
Office, Oshkosh, Wls.—(V. 87, p. 741.)
were

par,

WORCESTER NASHUA

& ROCHESTER RR.—Owns from Worcester

via Nashua to Rochester, 94 miles.
Leased for 50 years from Jan. 1
1886 to the Boston & Maine; rental, $250,000 and taxes, which In June 1910
had purchased $1,733,100 of the stock.
V. 81, p. 1794r V. 90, p. 625.

DIVS.—1

Percent)

’94 to ’97.

—V. 90, p.

5 yearly.
625.

’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05 to ’09.

5M 4H

4

55*

5

1910.
4 K 5 5* 5 5* yearly Jan., 5 5*

WRIGHTSVILLE & TENNILLE RR.—Tennllle, Ga., to Hawkinsvllle,
Dublin to Eastman, Ga., 28 miles (former Dublin ds Southwestern,
acquired Aug. 1907); total, 104 miles. Stock, com., $530,000; pref., $70,000; par, $25.
Central of Georgia owned June 30 1909 all pref. and $278,600 com.
First mtge. to the Citizens’ & Southern Bank, Savannah, for
$250,000, $150,000 being in treasury July 1909.
V. 85, p. 285, 795, 1578.
Dlvs.. long 6 to 7% yearly; 1904, 7%; 1905, 6%; 1906, 11%; 1907, 11%
For year to June 30 1909,
(Incl. 5% extra); 1908 to 1910, 6% (J. & J.).
gross, $260,881; net, $69,811; other Income, $1,321; lnt., taxes, dec., $23,139; Improvements, $2,653; dlvs. (6%), $36,000; bal.,sur.,$9,340.
Pres.,
A. F. Daley, Tennllle.—(V. 85, p. 1578.)
76 miles;

RR.—Meroed, Cal., to the Yosemlte National
completed May 15 1907. Stock, $5,000,000, all outstand¬
ing; par, $100.
Bonds ($3,000,000 authorized), V. 82, p. 511, 930; V.
84. p. 1553.
For year ending June 30 1909, gross, $168,114; net,
$62,296.
Pres., Frank G. Drum; Seo., Julius H. Ellis. Offioe, 704 West
Coast LlfejjBldg., San Francisco. Cal.—(V. 85. p. 655.)
YOSEMITE VALLEY

Park, 78 miles,

INDUSTRIAL AND MISCELLANEOUS COMPANIES.
MISCELLANEO US COMPANIES

[For abbreviations, Ac.,

see notes on

Date
Bonds

first page]

Adams Express—Stock—120,000 sh—par not fixed, treated
Collateral trust mortgage gold
Me
Collateral trust distribution mortgage gold..
S
Allis-Chalmers—Common stock $25,000,000
to
as’ts
A
dlv)
$25,000,000(V
74,
Pref7%
p 1144)
Bullock (The) Elec Mfg pref stk (also as to assets) 6 % cum

1808
1007

First M J15.000.000

gold sink fd red 110 beg 1916.AC.xc*

Amalgamated Copper—stock $155,000,000
American Agricui Chemical Co—Stock common $20,000,000
Pref 6% cum (as to assets and dlv) $32,000,000
1st mtg bds conv $12,000,000 red 103 since July ’OO.c* Ar*
American Bank Note —See United Bank Note Corporation.
American Beet Sugar—Common stock $15,000,000
Pref stk (also as-to assets) 6% non-cum $5,000,000
American Brake Shoe & Foundry—Com stock $5,000,000 au
Preferred stock 7% cumulative $5,000,000 (see text)
First mortgage gold sinking fund redeemable (text)
American Can—Common stock
Preferred stock 7% cumulative
American Car & Foundry—Common stock $30,000,000
Q
Pref stock (also as to assets) non-cum $30,000,000
Q
American Chicle—Stock common $6,000,000
Preferred stock 6% cumulative $3,000,000
..............

iode
iooi
1004
1008

500 Ac
500 Ac
100
100
100

1,000
100

1,000
1,000
1,000
100
100
100

1908

1,000 Ac

1902

1,000
100

......

100

ldo
—-

ADAMS EX PRESS.—ORGANIZATION.—An unincorporated associa¬
1854, operating on about 37,000 miles of railroad, inch N. Y.
N. H. A H., Penn., Ones. & Ohio, Louis. A Nashv., Ch. B. A Q., Ac.
BONDS.—In 1808 treasury securities were pledged with Mercantile Trust
Co. to secure (subject to prior indemnification of shareholders from any
loss by reason of personal liability) $12,000,000 of 4% bonds.
These last
were then distributed, $100 bonds per share. V. 86, p. 470; V.
85, p. 1647.
In 1007 treasury securities were pledged to secure $24,000,000 collateral
trust distribution gold 4s, each shareholder receiving $200 bonds per share.
Cash Divs. (since (1001)—
’02.’03-’07. ’08.
1000.
1010.
From express earnings (J.AD.)
$4 $4 y’ly.
$4 $4 ($2 s.a.) To June, $2
Other earnings (J. A D.)
4
8 ($4 s.a.)
4
4 y’ly.
To June, $4
Sale real estate (paid In Mch.)_
2 y’ly.
__

Total for year
J $8 $10 y’ly. $8 $12 ($6 s.a.)
Dividends are paid quarterly beginning March 1010.
V. 80, p. 1282.
In June 1007 200% dlv. in bonds was paid.
V. 84, p. 1480.
EARNINGS.—0 mos., J1909-10
Gross, $11,430,386; net. $1,756,325
July 1 to Mch. 31.
\1908-09
Gross,
10,340,532; net, 1,260,089
For year ending June 30 1900, gross, $28,853,546; total net Income

(lnd. $1,010,104 “other"), $2,850,667; charges, $108,424; dividends (10%).
$1,200,000; bal., sur., $1,461,243. Pres., William M. Barrett.—(V. 80,
p. 1342; V. 00. p. 238, 448.)
ALABAMA CONSOLIDATED COAL & IRON CO.—ORGANIZATION.
—Incorp. In N. J. July 18 1809. V. 82, p. 301, 694. In May 1910 contrl
passed to Scranton, Pa., parties.
V. 00, p. 1492; V. 80, p. 653.
DIVIDENDS.—Dlv. on common. 1% paid Oct. 1903; none since.
On pref., 1000 to Sept.1907, 7% yearly.
None since to July 1010.
BONDS.—Of the ref. and lmpt. bonds ($5,000,000 authorized issue;
Windsor Trust Co., N. Y., trustee), $3,500,000 are ser. A 6s and $1,500,000
Ser. B 5s; of the bonds (callable at 105). $2,200,000 are reserved to retire the
old bonds; remainder for other purposes.
V. 88, p. 885,1004.
REPORT.—Report for year ending Oct. 31 1007 In V. 86, p. 077. In
1007-08, net, $108,381, against $657,986 In 1906-07; bond Interest. $113,179;
bal., def., $4,708.
In 1006-07, gross sales. $2,585,542; net Income, $755,401; int., Ac., $396,523; pref. dlv. (7%), $87,500; bal., sur., $271,378.
OFFICERS.—Pres., J. H. Hoadley; Sec. and Treas., Wm. R. Sheldon.
New directors May 1910, V. 00, p. 1241.
Office, Birmingham, Ala.; N. Y.
office, 165 B’way.—(V. 88, p. 750, 885, 1004; V. 00, p. 1241, 1492.)
ALBEMARLE & CHESAPEAKE CANAL CO.—See page 163.

ALLIS-CHALMERS

CO.—ORGANIZATION.—Incorporated In N. J.

May 7 1901 to manufacture heavy engines, mining and other machinery,
V. 72. p. 874, 037, 090; V. 80. p. 1858; V. 81. p. 266; V. 82. p. 1440; official
statements, V. 83. p. 90; V. 74, p. 1144.
Owns com. stk. of Bullock Elec. Mfg. Co., the pref. stk. ($1,500,000 auth.)
being guaranteed 6% dlvs., payable quar. V. 78, p. 1111, 2439; V. 80,

713; V. 81, p.839, 1101, 1494; V. 82, p. 1440.
Litigation, V. 82, p.453.
DIVS.—July 1001 to Feb. 1904, 7% yearly; none since.
BONDS.—Of the bonds ($15,000,000 auth.), stockholders In Aug. 1906
subscribed for $002,000 at 80 and $0,544,000 were sold to a syndicate for
additions and to provide additional working capital. They are to be can¬
celed In amounts Increasing yearly.
See V. 82, p. 1440, 1498, and V. 83,
p. 90, 157, 437, 623; and application to list, V. 87, p. 1031.
REPORT.—Fiscal year ends June 30.
Report for the year ending June
30 1900 was given In V. 89, p. 990, showing: Surplus over maintenance and
depreclat’n and lnt., $1,673,577; prof. A loss surp. June 30 1909, $521,429
Directors—E. D. Adams, Kemper K. Knapp, Wm. W. Allis, Wm. V. Kel¬
ley, Elbert H. Gary, Wm. A. Read, Cornelius Vanderbilt, Chas. Allis, Ste¬
phen S. Palmer, Max Pam, Walter H. Whiteside, L. F. Bower, Henry Wood¬
land, Chas. MacVeagh, Alexander F. Banks and Herman W. Folk.
Chair¬
man of Board. E. H. Gary; President,
Walter H. Whiteside; 1st Vice-Presi¬
dent, L. F. Bower; 2d Vlce-Pres. and Treas., Henry Woodland; 3d VlcePres. and Sec., W. W. Nichols; Comptroller, W. A. Thompson.
Office, 71
General Offices, Milwaukee, Wls.—(V. 87, p. 1031, 1301;
B’way, N. Y.
V. 89, p. 990.)
p.

PREF.

AMALGAMATED COPPER CO.—ORGANIZATION. ETC.—Incorpor¬
on April 27 1899 In N. J. and purch. control of
companies that were
merged In 1910.
See Anaconda Copper Mining Co. below.
DIVIDENDS.—J1901. ’02. ’03. ’04. *05 *06. ’07. ’08. ’09.
1910.
Percent
I 7H 2H
2
2
4H
7
2
7
2
ToAug.lH
REPORT for year ending April 30 1910 was in V. 90, p. 1550, showing
net Income, $5,963,968; divs. (2%), $3,077,758; bal., sur., $2,886,210. Re¬
ated

port of Anaconda Co. for cal. year 1909 was In V. 90, p. 1551.
Earns, of constlt. cos. for year end. June 1 1910, V. 91,
p. 216.
*

OFFICERS.—Pres., John D. Ryan; Sec. and Treas., A. H. Melln.
Directors: Wm. Rockefeller, BenJ. B.
Thayer. John D. Ryan. John Bushnell. H. H. Rogers Jr., A. C. Burrage. J. Horace Harding, James Jourdan.
Office, 42 B’way, N. Y.—(V. 90, pT700, 1045, 1426, 1550; V. 91, p. 216.)

Anaconda Copper Mining Co.
Organization.—Incorp. June 18 1895 In Montana as successor of Anaconda
^

Mining Co.

In 1910 merged, per plan V. 90, p. 305, 851, 1045, 1551,
Amalgamated Copper Co., also the Red Metal
Mining Co. and Alice Gold A Silver Mining Co. (the last two being subsidi¬
aries of the Butte Coalition A Mining
Co.).
Properties acquired, V. 90,
p. 1551, 1046.
<
STOCK.—Increased in April 1910 from $30,000,000 to $150,000,000
(par $25), of which $105,500,000 outstanding, $75,500,000 new stock be¬
ing Issued to acquire new properties. Amalgamated Co. owns $76,875,000
stock.
Dividends paid Q.-J.
DIVIDENDS— J ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09. 1910.
Since 1899 (%)___\ 13
13
4
4
4
8 19^
26
8
8 To J’ly, 6
Bonds.—Only bonds Feb. 1910 were Butte A Boston 6s, $505,000, due
April 1 1917, of which Amalgamated Co. owned $146,000.
REPORT.—Report for calendar year 1909, with bal. sheet, was in V. 90,
p. 1551 (also of allied cos. since consolidated), showing gross, $18,000,084;
net, $2,009,943; int. received, $124,830; divs. (8%), $2,400,000; bal..
def., $265,227.
OFFICERS.—Pres., B. B. Thayer; V.-P. and Treas., F. P. Addlcks;
V.-P., H. I. Meehan; Sec., C. F. Kelley, Butte, Mont.; Asst. Sec. and Asst.
Treas., A. H. Melin.
General Office, Anaconda, Mont.
N. Y. office,
42 B’way.— (V. 90, p. 1364, 1551; V. 91,
p. 216 )
various subsidiaries of the

AMERICAN AGRICULTURAL CHEMICAL CO.—ORGANIZATION.—
Incorporated in April 1899 In Connecticut under special charter. V. 68,
„




Bate
%

When

Payable

Last Dividend
and

Maturity

Places Where Interest and
Dividends are Payable

text
June 1 *10, $3 71 Broadway, N Y
Q—M
4 g
MAS Mch 1 1048
12,000.000
Mercantile 'mist Co, N Y
4 g
J
A D June 1 1047
24,000,000
Standard Trust Co, N Y
10.820,000
16,050.000 See text Q—F. Feb 1 ’04,1H% 71 Broadway, N Y
6
1,170,000
Q—J
July 1*10,1 X% Cincinnati. Ohio
J
A
11,148,000
J July 1 1036
71 Broadway, N Y
1,250,000
Q—M Septl5’07,l H% Checks mailed
MAN May 1 1911
436,000
St Louis Union Tr, St L
MAN May 1 1933
1,741.000
Internat Trust Co, Bal to
5
A
6
NoneJan’10
g MAN May 1 1958
Windsor Trust Co, N Y
2
in
1900
153,887,000
Q—F
Aug 29 ’10, H% Checks mailed
16.991.300
19,013,400 6 in 1000 A A O Apr 15 ’10, 3% Checks from Co’s offioe
5
A
A
O Oct 1 1928
7.573.000
New York and Boston

See^text

100
100
100
100

tion formed In

on

Amount

Outstanding

$100 $12,000,000 See

as

cunTJas

Alabama Consol Coal & Iron—Pref stock 7% cumulative..
1st mtge red since May 1906 at 105 sinking fund
SSt
Consol collat mtge $3,500,000 (lncl $1,250,000 canceled) g.
Ref and lmpr’t 1st mtg $5,000,000 red 105 text
xc*

Par
Value

100
100
100

15,000,000
5,000,000

6

Q—J

3,600,000 See text
4,000,000 7 In 1000

July!

*10,1 H% Checks mailed
J’ne 30*10.1 H% Checks mailed
J’ne 30*10,1 54%
do
MAS Mch 1 1052
Farmers' L A Tr Co, N Y
Q—M

Q—M

5 g
857,000
41.233.300
41,233,300 5 In 1009
Q——J
July 1’10,1 H% Checks mailed
30.000.000 2 In 1900
Q—J
July 1 ’10. H% Guaranty Trust Co, N Y
7
30,000,000
Q—J
do
do
Julyl *10,1H%
6,000,000 See text Monthly July 20*10. 2% Royal Bldg, New York
3,000,000 6In 1000
Q—I
do
do
Julyl *10,1«%

p. 074, and V. 72, p. 672; V. 73, p. 664; V. 75. p. 241, 202, 440; V. 77, p. 309;
V. 83,
3, p. 1230; V. 84,p.
V. 87,
84. p.272;
87, p
p 874.
See V.
874.
V. 71. p.
p. 545.
545.
Potash sup¬
See
272; V.
Potash
plies, V. 80, p. 412, 1557; lnt. Ag. Chem. Corp., V. 90, p. 630.
BONDS.—The 1st mtge. bonds ($12,000,000 authorized issue; Columbia
Trust Co.. N. Y.. trustee) are convertible Into pref. stock at par; $8,000,000
were sold in 1008.
No further bonds can be Issued unless the net earn¬
ings for the previous fiscal year shall have been at least double the
Interest charges on the amount of bonds
nas outstanding.
outstanding, Including
tne addi¬
aaaiincluding the
tional bonds to be Issued.
Sinking fund _3
3H%
‘'
annually of outstanding
bonds, beginning Jan. 1 1910. V.TS7,
r, p. 741, 814, 874.
DIVIDENDS on pref. to April 1010,
), 6% yearly (A. A O.).
REPORT.—Report for year ending June 30 1009, In V. 89, p. 527,
showed:
Total
Income,
$3,183,675;
contingencies,
reserves,
Ao.,
$780,177; dlv. on pref., 6%, $1,116,057; balance. $1,277,541.
Directors—Robert S. Bradley (Chairman), Peter B. Bradley (Pres.),
Wm. Prescott (1st V.-P.), James M. Gifford (2d V.-P.), Wm. W. Baker
(3d V.-P.), Thos. A. Doe (Treas.), Ross L. Coe, Geo. C. Bingham, A. B.
Hepburn, W. J. Brennan, Samuel Carr, J. F. Kehoe, Gardiner M. Lane,
H. S. Zell, Marcellus E. Wheeler, H. L. Dudley, Wm. H. Bowker
(Sec. A
3d V.-P.), D. Crawford Clark, F. L. Ames and Chas. W.
Prlddy. Secre¬
N. Y. office, 2 Rector St.—(V. 90, p. 304,1556.)
tary Is Horace Bowker.

AMERICAN BEET SUGAR CO.—Incorporated on March 24 1899. See
prospectus In V. 68, p. 280, 616; “Beet Sugar" ltem.V. 69, p. 1240; V. 88,
p. 1250.
Divs. on pref., Oot. 1899 to July 1910. both lncl., 6% yearly

UH% Q -J.). In April 1900 the $910,000 remainder of the $5,000,000
V. 88, p. 1004.
pref. stock was sold.
The $3,000,000 6% oertfs. of in¬
debtedness were called and paid June 1 1909; $1,260,000 bills payable were
outstanding Mch. 31 1010. V. 88, p. 1130, 1063; V. 90, p. 1360.
Owns entire stock of Las Animas Sugar Co., leased for 25 years from
Oct. 1 1008; rental. $80,000, equal to Interest on $1,000,000 6% bonds and
$20,000 yearly sinking fund. V. 86, p. 1222; V. 88, p. 1250.
Report for year ending March 31 1910, In V. 90, p. 1360, showed: Total
Inc., $7,009,644; net after deprec’n, Ac., $1,646,363; lnt., taxes, rentals,
Ac., $249,112; pref. dlv. (6%), $300,000; bal., sur., $1,097,253.
Pres.,
H. Rieman Duval; Treas., J. E. Tucker, 32 Nassau St., N. Y.—(V.
00,
p. 1298, 1360.)
„

AMERICAN BRAKE SHOE & FOUNDRY CO.—ORGANIZATION—

Incorp. In New Jersey on Jan. 29 1902. A consolidation of various cos.
V. 74, p. 579; V. 70, p. 2087; V. 90, p. 238; application to list, V.
91,_p. 212.
In May 1910
purchased Nat. Brake Shoe Co. and Featherstone Fdy. A
Machine Co.
V. 00, p. 1240.
Manufactures about 150,000 tons of brake
shoes used on steam and electric cars and steel castings.
STOCK.—In May 1910 stockholders were offered $1,008,000 new
pref.
stock at 105, payable on or before May 25 1910, for acquisitions and working
capital.
V. 90, p. 1240.
DIVIDENDS—
1 ’03. *04. ’05. ’06.
1907.
1908 1909
1010
Common (%)
\ 2
2
4
4
4 A 1 ext.
4
5
Below.
Preferred (%)
J
In full to June 1910; V. 91, p. 212.
Pref. Is entitled to all earnings after 7% on common.
On common, 1010,
March, 1H% and H% extra; June, 1 H%; V. 90, p. 1492.
BONDS.—Bonds may be drawn for a yearly sinking fund of $20,000,
payable June l, beginning 1003, during 1st ten years at 110, 2d ten years
at 105, thereafter at par.
V. 76, p. 651.
EARNINGS.—For 6 months ending March 31 1910, gross, $2,654,581;
net, $568,362; bond Int., $20,800; pref. dlv. (3H%). $105,000; com. dlv.

(3%), $76,750; bal.,

sur.,

$365,812.

REPORT.—For year ending Sept. 30 1909 (V. 91, p. 212), gross, $4,039,873; net, $875,772; lnt., $42,121; pref. dlv. (7%), $210,000; com. dlv.

(5%), $116,000; bal., sur., $507,651.
OFFICERS.—Pres., Otis H. Cutler; V.-P., Joseph D. Gallagher, Joseph
B. Terbell and Joel S. Coffin; Sec. and Treas.,
Henry C. Knox. Office.
30 Church St., N. Y.—(V. 90, p. 1492, 1556; V. 91. p. 212.)
AMERICAN CAN CO.—ORGANIZATION.—Incorporated In New
Jersey on March 19 1001 as a consolidation of about 100 concerns. See
V. 72, p. 582.
In 1907 operated 39 can factories and one machine shop.
See application to list, V. 84, p. 994; V. 90, p. 371, 629.
Decision, V. 85,

p. 1622.
In 1907 plants
L43,Savannah,
656; V. 88,Ga.,
Orleans,
and Newcastle.
Pa. V.were
85, completed
p. 656; V. In
86,New
p. 336, 422;
.,

V. 90, p. 504.

In March 1908 an Interest In the Sanitary Can Co., with $1,000,000 auth. stock, had been acquired. V. 86, p. 796.
Has arrangement
with Goldschmidt Detlnnlng Co.
V. 88, p. 232, 373; V. 90, p. 371.
DIVIDENDS.—On pref., 2K% Sept. 1903; 1904, 5% (A. A O.); slnoe
to July 1910, lnd., 5% yearly (Q.-/.).
Fiscal year now ends Dec. 31.
Report for year ending Dec. 31 1909 In
V. 90, p. 371, showed, net, $2,756,151; dlv. on pref.
(5%), $2,061,665;
balance, surplus, $694,486.
^
Directors—D. G. Reid (Chairman), W. T. Graham (Pres.), F. S. Wheeler
(V.-P. A Treas.), F. Rudolph (V.-P.), R. H. Ismon (Sec. A Asst. Treas.),
W. H. Moore, F. L. Hlne, Geo. G. McMurtry, E. C. Converse, R. L. Skofleld, Jas. MacLean, O. H. Bogue, H. W. Phelps, J.H.Moore and Geo.T.
Boggs.
Office, 447 W. 14th St., N. Y.—(V. 90, p. 371 504, 629.)
AMERICAN CAR & FOUNDRY.—ORGANIZATION, ETC.—Incor¬
porated In New Jersey on Feb. 20 1899 as a consolidation. Manufac¬
tures freight and passenger cars of wood and steel.
V. 68, p. 280, 377.
1029; V. 71, p. 86. 545; V. 73. p. 958; V. 83. p. 1413; V. 84. p. 1553.
DIVIDENDS.—V00. *01-’02. ’03. *04. *05. *06. ’07. ’08. ’00.
1010.
On common
%J 1
2 y’ly.
4
1
0
0
3
3
2 To July, 1H
On pref., 1 H% quar. to July 1910, Inclusive.
REPORT year end. Apr. 30 1910 was in V. 91, p. 34, showing net earns.,
$4,089,478; divs. on pref. stock (7%), $2,100,000; dlv. on com. (2%),
$600,000; surplus, $1,389,478.

DIRECTORS—W. K. Blxby, Frederick H. Eaton (Pres.), A. B. Hepburn
Carry (1st V.-P. and Gen. Mgr.), S. S. De Lano (Treas.), Adolphus
Busch, T. H. West, J. M. Bulck (V.-P.), Geo. H. Russell, W. G. Oakman,
H. R. Duval, J. B. Haggln, W. H. Woodln (Asst, to Pres.), Gerald
Hoyt,
W. M. Hager (Sec.). C. R. Woodln and W. N. MpMillan.
N. Y. office.
165 B’way.—(V. 87, p. 1480; V. 88, p. 827, 1615; V. 91, p. 34.)
AMERICAN CHICLE CO.—ORGANIZATION.—Incorp. In N. J. on
June 2 1899, and consolidated chewing-gum Interests.
In 1900 acquired
control of the Sen-Sen Chiclets Co., V. 90, p. 238; V. 68, p. 871, 1130; V. 77,
p. 107; V. 83, p. 152; V 84, p. 160; V. 86, p. 230; V. 00. p. 238. SeeV.71,p.545.
DIVIDENDS— 1890 1900 1901
1902
Apr 1902-July 1010
Common, reg
1H
0
8
%
12 yearly (1% monthly)
Jan., 2
do
extra
%
May’06 to July 10, l%bi-m.
Preferred
% Oct. ’09 to July ’10, 1H% quar. (6% per annum)
E. F.

...

138

INDUSTRIAL STOCKS AND BONDS
Date
Bonds

MISCELLANEO VS COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Par

Amount

Rate

When

Value

Outstanding

%

Payable

81, p 778)
American District Telegraph of N Y—Stock $4,000,000
American Express—Shares
par not fixed,
American Das & Elec—Common stock auth, $3,500,000
Pref stock 6% cum auth $3,500,000
Collateral mtge $6,282,000 g red text

S.xc*
American Graphophone Co—Common stk $7,500,000 auth_.

1907

Preferred stock 7% non-cumulatlve $2,500,000
Gold bonds $2,000,000 redeemable par
N 1910
•98-’05
Debentures convertible Into preferred stock
1906
do
do
common stock
1907
Coupon notes convertible Into common stock
American Hide & Leather—Common stock $17,500,000
Pref (also as to assets) 7% cum $17,500,000 (V 76, p 104)

Ta.c*
mtg $10,000,000 g sink fd sub to call at 115
American Ice Securities—Stock, all of one class, $20,000,000
Debentures $3,000,000 redeemable at par
American Ice Co coll trust bonds gold ($5,000,000)
Ce
American Ice first and gen’l mtg gold redeem par. Kc. Ar*
American Light & Traction—Common stock $15,000,000._
Pref stock 6% cum $25,000,000 auth (V 82, p 50, 279)._
Collateral trust gold notes convertible redeemable (text)..
1st

1899

a

100 Ac
100
100
100
100

100
100
Ac
Ac
Ac
Ac
100
100

1,000
100

1955
1902
1909

1,000
1,000 &c
100
100

1907

For 12 mos. ending Dec. 31 1909, profits, $1,530,000, against $1,658,000
in 1907; pref. div. (6%), $180,000; common div. (18%), $1,080 000; bal.,
sur
$270,000 in 1909, against $398,000 in 1907.
V. 90. p. 238
,

Pres., Geo. H. Worthington* Sec. and T;eas., H. Rowley. Office, Royal
Bldg., Fulton and William sts., N. Y.—(V. 86, p. 230; V. 90, p. 238.)
AMERICAN CIQAR CO.—The American Tobacco Co. owns majority of
the $10,000,000 com. and $10,000,000 6% cum. pref. stock, and guarantees
the 4% gold notes; see V. 73, p. 1113; V. 78, p. 1393.
The Cigar Co. owns

majority of Havana Tobacco com. stock, also majority of Amer. Stogie
com. stock.
V. 85, p. 285; V. 86, p. 110.
Properties incl. Havana Amer.
CO., V. 72, p. 185, 284, 937, 1037: V. 73, p. 958; V. 75, p. 1255.
DIvs. on

908 stock
and 1909
?ref.
1906notto made
1909,6%
each;Report
1910, for6%calendar
(J. A J.).
ReportsV. 86,
for
public.
year 1907,

665, showed: Net earnings over charges, $1,887,098; div. on pref. stock
(6%), $600,000.
Pres., Percival S. Hill.
Office, 111 Fifth Ave., N. Y.—
(V. 86, p. 665. 670; V. 87. p. 1422.)

p.

AMERICAN COAL.—Mines at Barton and Lonaconlng, Md., and Poca¬

hontas region, W. Va. Inc. in Md.; re-inc. in 1903 in N. J. V. 80. p. 118.
DIVIDENDS
1 *94. 95. ’96. '97. ’98. ’99. ’00. 1901 to 1909 1910.

/

(%)___

OH

7

8

8

9

10

9

10 yearly

Mch.,3

Paid 20% 1903 from sale of real estate and 25% ’07 from sale of RR.
For year ending Dec. 31 1908. net, $79,967; dividends (10%). $150,000.
Office, No. 1 Broadway.—(V. 84, p. 694; V. 90, p. 561.)

(THE) AMERICAN COTTON OIL CO.—Incorporated Oct. 14 1889 in

New Jersey
Works in Southern cities, Ac., for making crude and re¬
fined cotton oil, lard, soap, fertilizers, Ac.
V. 77, p. 1872.
DIVIDS.— 1 ’99. ’00. *01. ’02 .03. ’04. ’05. ’06. ’07.’08. ’09.
1910
Common
%
4 3H 2 *6 *4
1
1
2 (z) 3
5 June 2 M

f

J6% yearly to date.
(Pool expired July 22 1905.)
Includes 2% paid in the following June,
z From the earnings of
1906-07 4% was paid March 4 1908.
V. 85, p. 1210; V 86. p. 110.
Dividends will be paid seml-ann. beginning 1910. V. 89, p. 1225.
REPORT.—Report for 1908-09 at length In V. 89, p. 1278, 1285, showed:
Profits, $2,937,400, after meeting exp. of administration, lnt., Ac.; int. on
deb. bonds, $225,000; bal., net income, $2,712,400; dividend on pref. (6%),
$611,916; div. on com. (5%), $1,011,855; bal., sur. for year, $1,088,629.
Profits year 1906-07, $2,592,263; ’07-08, $1,483,051; ’08-’09, $2,937,400.
OFFICERS.—Chairman of Board, Geo. A. Morrison; Pres., Robert F.
Munro: Sec. and Treas.. Justus E Ralph, 27 Beaver St., N. Y.
Transfer
Agents, Winslow, Lanier A Co.—(V. 89, p. 1484; V. 90, p. 374, 1241.)
AMERICAN DISTRICT TELEGRAPH CO. (OF NEW JERSEY).—
ORGANIZATION.—Incorporated In New Jersey in Nov. 1901; operates
in most of the large cities and towns in the U. S.
Has 25-year contract
with the Western union Telegraph Co. for collection and delivery of mes¬
sages, and is also engaged in all kinds of electrical protective service.
V. 77,
p. 148: V. 81, p. 213.
Dividends in 1903, 3 X%: since to July 1910, 4%
yearly, Q.-J. See V. 78, p. 704.
Bonds, $404,000, viz.; $334,000 5%
collateral trust bonds and “Detroit trust’’, $70,000.
Report for year ending Dec. 31 1909 in V. 90, p. 912, showed: Gross
earnings, $3,638,928; net, $882,149; divs. (4%), $398,496; bal., sur.,
$483,653.
Pres., Robert C. Clowry; Sec., I. B. Ferguson; Treas., A. R.
Brewer.—(V. 87, p. 344; V. 88, p. 943; V. 90, p. 448, 912.)
AMERICAN DISTRICT TELEGRAPH CO. OF NEW YORK.—Annual
report for year ending Dec. 31 1909 in V. 90, p. 912, showed: Gross, $549,225; net, $84,564; div. (2%), $78,888; surplus, $7,676.
DIVID’DS.— 1 ’93. ’94. *95. ’96. ’97. ’98. ’99. '00. ’01. ’02 to May ’10.
(%)
r&H
1
3
1
2
22H2M2H
2 yearly
Office, 6 Dey Street, New York City.— (V. 90, p. 304, 912.)
AMERICAN EXPRESS CO.—Ah “Association’’ formed under the laws
of New York State in 1850 and 1859.
Not an incorporated company.
Preferred
•

1910 on 47,464 miles of railroad in the United States,
including Boston A Maine, the Vanderbilt lines, Illinois Central, Ac.; 6,022
Operated in Jan

miles in foreign countries and 136.180 miles of sea and ocean lines.
Be¬
gan April 1 1910 to operate over Union Pacific, 7,000 miles. V. 90, p. 304.
DIVIDENDS.—1882 to 1901 6% per annum; July 1901 to July 1906,

8% yearly, Incl 2% from Investments; in Oct. 1906 the rate was increased
to 12% per annum, payable quar.. 6% of this to be from Investments.
REPORT.—For year ending June 30 1909, In V. 89, p. 1343, showed:
Gross, $31,909,721; net, $2,448,043; lnt. and rentals, $1,375,173; charges,
$349,763; divs. (12%, incl. 6% from Investments), $2,160,000; bal., sur.,
$1,313,453.
In 1907-08, gross, $30,548,643; net, $476,372. Total surplus
June 30 1909, $14,805,305.
Pres., J. C. Fargo: Treas.. James F. Fargo,
65 Broadway.—(V. 88, p. 1282, 1343; V. 90, p. 304, 374, 1241, 1364.)
AMERICAN GAS & ELECTRIC CO.—ORGANIZATION.—Incorpor¬
ated In New York Dec. 24 1906 and acquired, per plan V. 83, p. 1349, 1473,
1592, the holdings of the Electric Co. of America, which owned control of
electric light plants in a number of cities.
See official statement, V. 87,
p. 1661; V. 83, p. 438; V. 79, p. 106; V. 73, p. 289, 495; V.89, p. 227
Controlled by Electric Bond A Share Co. of New York.
DIVIDENDS.—Div. on pref., \X% quar. to Aug. 1 1910.
On com.
1st quar. div., 1%, paid July 12 1910.

BONDS.—The coll, trust 5s are redeemable to Feb. 1912 at 110 and
thereafter at 105.
V. 83, p. 1349. 1472; V. 86, p. 549, 1102, 1531.
Leading Bond Issues of Controlled Companies.
Authorized.
Issued.
Dated.
Compare.
Canton (O.) Electric Co. 5s.-$2,500,000
$620,000
1907
V. 85, p. 223
Munde(0.)El.Lt.Co.lstgu.5s 1,500,000
662,000
1907
V. 86. p. 484
Rockford E. Co. 1st A ref 5s.. 7,500,000
1,050,000
1909
V. 89, p.
530
Scranton (Pa.) Elec. Co. 5s.. 10,000,000
2,317,000 1907
V. 85, p. 808
Marion Light A Heating 5s__ 1 500,000
500,000 1907
Atlantic City (N. J.) Elec. 5s 5,000,000
1,000,000 1908 V. 86. p. 1102
EARNINGS.—Gross earnings operating companies for cal. year 1909,
gross, $2,482,204; net, $706,849; net expenses, $23,770; bond lnt., $314,100
pref. div. (3%), $93,178; bal., sur., $275,801. For cal. year 1908, gross,
$2,129,066; net, $513,521; net expenses, $32,193; bond Interest, $314,100;
div. on pref stock (6%), $84,270: bal., sur., $82,958.
Chairman of the Board, S Z. Mitchell; Pres., Henry L. Doherty; Sec.
and Treas.. F. B. Ball.
Directors, V. 84, p. 222; V. 88, p. 232. Office,
30 Church St., N. Y.—(V. 89, p. 227, 530, 722; V. 91, p. 96.)

AMERICAN GRAPHOPHONE CO.—ORGANIZATION.—Incorporated

In West Virginia in 1887.
which are its selling agents.
p.

669.




Last Dividend
and Maturity

$1,000 $10,000,000
M
AS15 Mch 15 ’11-’12
s
25
1.500,000 See 4 text MAS Mch 1 1910. 3%
100 20.237.100 See text J
&
D June 1 *10, 2^%
100
10,198,600 6 In 1909 J
A
D June 1 ’10, 3%
1,000
5,000,000
Nov 1 1915
4H g
Q—F
100
9,909,851 4 In 1909
Q—J
July 28 ’10, 1%
1955
1,000
100,000
4 g
MAS Sept 1 1954
100
3,844,700 2 In 1909 MAN May 15 ’10, 1%
treate d as 100 18,000,000 12 in ’09
Q—J
July 1 ’10. 3%
50
2,500,000 See text
Q—J
July 12 ’10, 1%
50
1,583 000 6 In 1909
Q—F
Aug 1 *10, 1H

American Cigar—Gold notes guar prtn & Int red at 102 X—c 1901-2
American Coal—Stock
(The) American Cotton Oil—Common stock $20,237,100
Pref stock 6% non-cum sub to call at 105 $14,562,300
Debentures, extended In 1900 (V 71, p 2374, 1010)
c* 1890
American Dist Tel Co (of N J) —Stock $10,000,000 author..
N Y Fire Prot 1st M gold lnt A s f gu red par(V

[VOL. LXXXXI.

Owns the Columbia Phonograph Companies,
V. 70, p. 790. Also owns The Burt Co. V. 81,
Factories. Bridgeport, Conn., England and France.

6.282,000

2.627,550
2,095,630 See
text
text
text
text

6
6

11.274.100 See
Qaa
12,548,300 OvC

F

A

A Feb

N Y
N Y
Winslow, L A Co, N Y
do
do

Treas office, 195

do
do

B’y, NY

Guardian Tr Co, N Y
Treas office, 6 DeySt.NY

Office, 65 B’way, N Y

1 2007

A
J
D June 1 1930
Various 1915-1918-1923
J
A
J Jan 1 1916
A
A
O Apr 1 1912

text
Q—J
text
Aug 15 ’05, 1%
Q—F
6 g
MAS Sept 1 1919
19,043,100 See text
July
20 '07, 1 M
Q—J
6
A
A
2.897.580
O Apr 1 1925
5 e
A
A
1,908.000
O Apr 1 1922
2,346.000
F
A
A Feb 1 1911-’14
5g
10.099,970 See text
See t xt
Q—F
14,236.200 6 In 1909
Q—F
Augl ’10.14%
6 e
13.300
A
A
O See text

6,412,000

Guar-' nty Trust Co,
Office 1 Broadway,

New York
Standard Trust Co, N Y
Q—M 15 Sept 15 ’07. 1 H Office, 154 Nassau St,NY
do
do
text Q—F 15 Nov 16 *08, 1 Vi

g
See 5 text
e

See
See
See
See

Places Where Interest and
Dividends are Payable

N Y Trust Co, N Y
R Wlnthrop A Co, N
do
do
do
do
New York
Trust Co of America, N
Tr Co of Am, Col Br, N
Checks mailed

Y

Y
Y

Knickerbocker Tr Co,NY
Central Trust Co, N Y
Office, 1170 B’way, N.Y.
Checks mailed
do
do

STOCK, Ac.—After 7% on both stocks, they share ratably. Of the 6%
bonds of 1910 ($2,000,000 auth. Issue), sufficient are reserved to retire the
$100,000 Bridgeport real estate mtge., about $760,000 were exchangeable at
par for the outstanding coupon notes and debentures and remainder were
offered to stockholders at 80, payable 25% each on July 1, Aug. 1, Sept. 1
and Oct. 1 1910, or in full July 1.
V. 91, p. 40.
DIVS.— 1 *97. ’98. ’99. ’00. ’01. ’02. 03. ’04. ’05. *06. ’07. ’08.
Preferred %
7
7
7«
8
7«
7
7
7
7
7
7
7
Non
Common %J 5K
7
7H
8
6
0
0
3
4
0
5 3«
since.
REPORT.—For year ending Sept. 30 1908, in V. 88, p. 292, showed:
net income, $2,537. against $994,851 in 1906-07; Interest, $91,145; maint,
and

deprec., $94,715; dividend on pref. (7%), $146,694; reserved for
depreciation, Ac. $188,276: balance, deficit, $518,293.
OFFICERS.—Pres., Edward D Easton; 1st V.-P., Geo. W. Lyle; 2nd
V.-P
Fred’k J Warburton; Sec and Treas., E. O. Rockwood.
154 Nassau St., New York.—(V. 88, p. 453, 946; V. 91, p. 40.)
.

Office.

AMERICAN HIDE & LEATHER CO.—ORGANIZATION.—Organized
Jersey in 1899 as a merger or upper leather interests. See V. 69, p.
493; V. 68. p. 925: V. 70. p. 77. and application to list, V. 72, p. 673.
DIVIDENDS.—On pref., Feb. 15 1905 to Aug. 15 .1% quarterly; none
since to July ’10-. V. 81, p. 1316. Overdue pref. divs., Aug. ’10, abt. 73%.

In New

BONDS. ETC.—Sinking fund of $172,500 retires bonds Sept. 1 yearly.
purchasable at 115 or less, or if not will be Invested in other securities.
A W. Seligman A Co. financed the consolidation.
Report for year
ending June 30 1909 In V. 89, p. 592, showed earnings. Including those of
subsidiary companies, of $2,327,935; Int. on bonds, $511,509; renewals,
repairs, sinking funds, Ac., $412,223; bal.. sur., $1,404,212.
Directors—Thomas W. Hall (Pres.), Theo. S. Haight (1st V.-P.)
Aaron Hecht (2nd V. P.). F. L. Roenitz (3d V.-P.), Chas. P» Hall (4th
V.-P.), Frederick Strauss. M. Robson, C. H. Buswell. Chas. W. Tldd,
Henry Seligman, James Skinner, Geo. A. Hill (Sec. A Treas.), Thomas J.
Ryan, Carl A. de Gersdorff and Willis Farrington. Office, 96 Cliff St.,
N. Y.—(V. 83, p. 561, 563; V. 85. p. 596: V. 87. p. 612; V. 89. p. 592. 595.)
AMERICAN ICE SECURITIES CO.—ORGANIZATION.—Incorpor¬
ated in N. J. on March 29 1905 and acquired $7,053,570 of the $7,161,330
com. (as reduced Aug. 1909) and $14,340,100 of the $14,920,200 pref. stock
of the American Ice Co., per plan V. 80, p. 601.
The latter co. owned
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 Knickerbocker Ice Co. of Maine.
Trans¬
acts a wholesale and retail business in N. Y. City, Philadelphia, Boston,
Baltimore, Washington, D. C., Camden, Cape May and Atlantic City, N. J.
V. 81, p 29: V 77, p. 2237.
Suit, V. 83, p 1525; V. 84. p, 933. 1054,
1429; V. 83. p. 602; V. 86. p. 110, 422, 796; V. 87, p. 98; V. 89. p. 1598.
DIVIDENDS.—Jan. 1907 to July 1907, 1 M% quar.; none since to July
1910.
Old Am. Ice Co. paid div. of 1 4% Oct. 1 1909, the first payment
since 9% paid Dec. 15 1906.
V. 89, p. 722.
BONDS.—The $3,000,000 “first and general” 5s Issued early in 1909
are a first lien on real estate in various cities having an estimated value of
$5,273,896 and a general lien, subject to existing encumbrances, on sub¬
stantially all the remaining property. The bonds, which were under¬
written, were offered to the stockholders of the Ice Securities Co. at 88.
They are redeemable at par and Interest as a whole or in blocks of $500,000
or multiples thereof
Proceeds will be used to provide for the bills paya¬
ble, over $1,300,000, overdue mtges. of about $255,000, accounts, paya¬
ble and working capital.
V. 88, p. 376, 296, 627, 687, 885.
If
J.

Of the American Ice Securities deb. 6s, $102,419 remained on hand
In Dec. 1906 to take up the outstanding American Ice Co. stock.
Of
the 5% collateral trust 5s of 1902 of the Ice Company, $1,956,000 are
outstanding and $2,060,000 are Issuable to retire $2,057,000 under¬
lying bonds and real estate mtges. (of which $393,450 were owned by the

company): $583,000 canceled and $263,000 In treasury of Am. Ice Co.
BONDS OF SUB-COMPANIES HELD B Y PUBLIC (V. 81, p. 29).
Consumers’ Ice Co., due May 1 1911, $33,050; Hygienic Ice Co., Washing¬
ton, $135,000 extended at 6% (paid Q.-J.) from Jan. 1 1910, payable
$15,000 yearly; Independent Ice Co., Boston (V. 78, p. 1963), 5% 1922
(M. A N.), $385,000; Consumers’ Ice Co., Atlantic City (V. 83, p. 438).
1st 30-year gold 5s, dated Jan. 1902. red. at 105, guar, by American Ice Co.
The $250,000 Maryland Ice bonds were purchased by the company.
Report of American Ice Securities Co. for year ending Dec. 31 1909, with
bal. sheet, was in V. 90, p. 974.
The report of American Ice Co. for year
ending Oct. 31 1909, in V. 90, p. 165, showed: Gross, $8,710,928; net over
oper. exp., Ac., $2,142,225; bal. over charges, $1,099,354;
stock (1 H%) paid Oct. 1 1909, $223,803.
In 1907-08, gross,

div. on pref.
$8,118,592.
DIRECTORS, Ac. (Old Co.).—Wesley M. Oler (Pres.), W. A. Tucker,
R. M. Thompson, Wm. Bavier, Jos.Wayne Jr., E. P. Passmore and Percy
Brundage; H. C. Harrison (Sec.). Directors (Securities Co.)—Robert T.
Hooper and J. W. Middendorf, Jas. McCutcheon, Henry H. Head, Walter
Lee, Stephen H. Dorr, Geo. W Westall and Edward J. Reilly. Secretary is
Edward J. Reilly. Office, B’way and 28th St., N. Y.—(V. 90, p. 974.)

AMERICAN LIGHT & TRACTION CO.—ORGANIZATION.—Incor¬
porated in New Jersey May 13 1901 by Emerson McMlllin and asso¬
ciates.
V. 72. p. 724, 871, 987; V. 73, p. 235, and V. 75, p. 343.
All of
the stock of the Grand Rapids, Madison, St. Joseph, Lacombe, St. Paul
and Binghamton (N. Y.) Gas Works is owned, and at least 97% of the
stock of each of the remaining properties named below:
Securities issued—
Stock.
Milwaukee Gas Light Co
$5,000,000 $8,012,000 V. 74, p.
Grand Rap. (Mich.) Gas Light Co— 1,000,000
1,350,000 V. 64, p.
Madison (Wls.) Gas A Electric Co...
400,000
400.0001
St Joseph (Mo.) Gas Co
1,000,000 1,000,000 See page
St. P.(Mlnn.l G.Lt.Co.(V.77, p.2282) 2,500.000 Z4,689,000

481
661
16’

Binghamton (N. Y.) Gas Works
450,000
841.000,
Con. Gas Co. of N.J.(L.Bran.,N.J.)_ 1,000.000
991,000 V. 75, p. 344
Detroit City Gas Co
2,500,000 6,500,000 See this sect’n
St Croix Power Co., Somerset, Wls.
25,000
750,000 V. 78, p 1014
Southern Light A Traction Co
2,500 2,090,000fSee "El. Ry.’
Muskegon (Mich.) Trac. A Ltg. Co..
663,000
800,000\ Section.
x See also $750,000 St. Croix Power Co. guaranteed bonds, V. 73, p. 1014
In Deo. 1909 sold the Quebec Jacques Cartier Electric Co.
V. 89, p.1599.
1904. 1905. 1906. 1907. 1908. 1909.
1910.
DIVS.(%)—
Common (cash).
IX 3H
4X
5X
9
6*
2.2H, 2H (-)
Do
(in stock)
In full to Aug 1910 (Q.-F.).
Preferred
—V. 88, p. 1622, 946, 824; V. 89, p. 165, 920; V. 90, p. 107.
_

July, 1910.)

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES
see notes on first page]

190.$3, 68

Date
Ronds

[For abbreviations, &c.,

American Linseed—Common stock $16,750,000 authorized.Preferred stock 7% non-cumulative $16,750,000
American Locomotive—Common stock $25,000,000
Pref also assets 7% cum $25,000,000 (Bonds, see text)
Notes maturing $1,000,000 yearly (V83,p 1472; V85,p 1006)
Notes $5,000,000 gold
c
American Malt Corporation—Common stock $6,000,000
Preferred (also as to assets) cum $9,000,000 (see text)
Am Malt Co 1st M assum $5,000,000 g s f sub call 105._c*
American Pipe & Construction Co—Stock $5,000,000 auth__
Collat trust certs Series A $1,000,000 red 102 54 text
QP
do
do
Series B $1,000,000 red 102 H text...QP
American Pneumatic Service—Common stock $10,000,000._
First pref (as to assets) $3,000,000 7% cumulative
Preferred (as to assets) 6% non-cumulative
$7,000,000—
Collateral trust mortgage $5,000,000 gold sinking
fund._ IB
Lamson Con Store Service Co s f bonds call at 102
IB
American Radiator—Common stock $7,000,000
Preferred stock 7% cumulative $3,000,000
American Sewer Pipe—Stock $8,000,000 authorized
First mortgage $2,500,000 s f subject to call at 105
K
American Shipbuilding—Stock common $15,000,000
Preferred 7% non-cumulative $15,000,000
American Smelters Securities—Common stock $30,000,000.
Preferred “A” 6% cumulative $17,000,000
Preferred *’B” 5% cumulative guaranteed
$30,000,000
American Smelting & Refining—Common stock $50,000,000
Preferred stock as to assets 7% cumulative
$50,000,000...
x Includes $186,000 In
treasury Feb. 28 1910

Par

A mount

Rate

When

Value

Outstanding

%

Payable

$100 $16,750,000
100
16,750,000 7 In 1900
Q—M
100 25,000,000 See text
Q—F
100
25,000,000 7 In 1909
Q—F
1,000
2,000,000
5
A
&
O
1,000
5,000,000
A
&
O
5g
100
5,674,724
A
&
O
100
8,671,010 5 In 1955 M
& N
1,000 x3,311,000
J
&
D
6 g

...

1906
1909

1899

100

1908
1909

50
50
50

1903
1902

‘

..

500 &c

1900

100
100
100
500 &c
100
100
100
100
100
100
100
•

^NOTES.—Of the $1,500,000 coll, trust gold notes, convertible
at par
either Into com. or pref. stock at option of
holder, $1,486,700 had been
converted Into stock Jan. 19 1910.
V. 85, p. 533.
REPORT.—For year ending Dec. 31. For year 1909, see V. 90,
p. 370:
12
Dividends
Other
Total
Preferred
Common
Balance,
Mos.
Received.
Income. Expenses. Dividends.
Dividends.
Surplus.
$311,772 $106,261 (6)$854,172 (9)$778,495 $1,606,513
1908.. 2,542,873
270,191
45,000 (6) 854,172 (7) 495,082
1,328,810
Chairman. Emerson McMUIln; Pres., A. P. Lathrop; V.-P and
Treas.,
J. M. McCarthy
N. Y. office, 40 Wall St.—(V. 90, p. 239
370, 978.)

AMERICAN

LINSEED.—ORGANIZATION,

ETC.—Incorporated on
Dec. 5 1898 in N. J.
V. 67, p. 1161; V. 69, p. 697.
See V. 71. p. 545.
For list of plants, &c., see V. 70,
p. 631.
In June 1901 Standard
Oil Interests acquired a majority of stock.
V. 76, p. 216.
Dividends on
pref. 1899 to 1900 aggregated 10 54%: none since. Bonds payable, $315,000.
REPORT.—Report for year end. July 31 1909 (V. 89, p. 777) showed
profits after all oper. expenses, $1,264,185; Interest on borrowed
money,
$186,109; depreclatljn, $98,475; net profits, $979,601.
John A.
McGean; Sec.. W. A. Jones. 100 William St.. N. Y.—(V.Pres.,
90, p. 851.)
AMERICAN

LOCOMOTIVE CO.—ORGANIZATION.—Incorporated in
N. Y. on June 10 1901 as a consolidation
of various cos. (see list V. 73,
p.80).
V. 72, p. 1189; V. 73, p. 84, 186, 724; V. 83,
p. 686. In Jan. 1909 purchased
land at Gary, Ind., for new plant. V. 88,
p. 102; V. 89,p. 591.
In 1904
the entire capital stock of the Montreal Locomotive
Works, Ltd.,
acquired (V. 78. p. 1111,1393, 1448; V. 84, p. 1431), and In Jan. 1905 of was
the
Rogers Locomotive Works. V. 80, p. 474; V. 87, p.. 675. Co-operates with
Gen. Electric Co. In construction of electric
locomotives; see V. 79, p. 1022:
Also manufactures automobiles. V. 80, p. 2549; V. 82,
p. 282; V. 83, p. 686.

,

5.000,000
900,000
950,000
9,994.550
abt1500000
6,328.850
1,112,000
497,500
6,150,000
3,000,000
7,000,000

1,321,000
7,600,000
7,900,000
30,000,000
17,000,000
30,000,000
50,000,000

50,000,000

8 In 1909
5
A
5
F
A

Q—J
&
&
&

139
Last Dividend
and Maturity

Places Where Interest and

Dividends

are

Payable

Sep 15 ’00 1 54%
Aug 20’08,1 54% Checks mailed
July21’10,1 54% Checks mailed
Oct 1 1910-11
Office, 30 Church St, N Y
Oct
1

*12-’14

do

do

May 3 ’10,254%
Dec

1 1914
Guaranty Trust Co, N Y
July 1 1910 2% Office 112 N Br’d St,Phil
O To Oct 1 1927 Girard Trust
Co, Phlla
A To Feb 1 1929
do
do
O

See

text
Quar
5 e
A
&
O
5 g
F
&
A
See text
Q—M
7 in 1909 Q—FI 5
See text
Q—J
6 g
M
&
S
See text
Q—M
7 In 1909
Q—J

Jan 15’07,1 54% By check
Oct 1 1928
International Tr Co, Bos
Feb 1 1922
do
do
June30 ’10, 2% Off 282-4 Mich Ave Ohio
Mayie’10.1 54%
do
do
Jan 2 1908, 54% Checks mailed
Mch 1 1920
Knickerbocker Tr Co,NY
Junel 1910 1% Cleveland, Ohio
July 15 ’10. 1 54
do

6
5
4 In 1909
7 In 1909

Junel *10,1 54% 165

Q—M
Q—M
Q—J
Q—J

Junel’10,1>4%

Broadway,New York
do
do
do

July 15’10, 1%
July 1’10,154%

do
do
do

EARNINGS.—For 8 mos. ending Nov. 30 1909, gross
profits, $327,266,
agst. $203,220; Int. and charges, $159,808*
bal., sur., $167,458.
REPORT for year ending March 31 1909. with
balance sheet, wa« In
V. 89, p. 408, showing net
earns., $324,716; charges, deprec’n, &c., $185,912; div. on stock of subsid. cos., $1,378; bal.,
sur., $137,426.
New directors May 1908.
V. 84, p. 1427; V 86, p 1411.
Pres., Wm.
H. Ames; Treas., Gilmer
Clapp: Sec., W. E. Barnard. Office, 161 Devon¬
shire St., Boston.—(V. 89, p. 848,
1412; V. 90, p. 169, 449, 504, 701.)

AMERICAN RADIATOR CO.—Incorporated In N.J.Feb.10

1899.

V.68,
p. 329; V. 80, p. 2346; V. 90, p. 374, 622.
The stockholders voted March 2
1910 to cancel the $2,000,000 unissued
pref. stock and Increase the authorized common stock
from $5,000,000 to
$7,000,000, $800,000 of the new stock being subscribed
by stockholders
and $350,000 by employees at
$150 per $100 share, and $850,000 will be
sold as required for future
purposes.
V. 90, p. 374, 629.
DIVIDENDS.—

Preferred
Common
Extra

1904,
7%

1905.
7%

14

1906.

7%
4

1907.
7%

1908.

4
2

4
2

7%

1909.
1910.
7% To May, 3 M%
6
To June, 4%
2

Mch., 2%

REPORT for year ending Jan. 31 1910, with bal.
sheet, V. 90, p.622,
showed: Net profits, $971,600; 7% on
pref., $210,000; div. on common
(8%), $400,000; bal., $361,600.
Pres., C. M. Woolley. Office, 282 Michi¬
gan Ave., Chicago.—(V. 90, p. 374,
622, 629.)

AMERICAN

SEWER PIPE
Feb. 17 1900 as American ClayCO.—ORGANIZATION.—Inc. in N. J. on
Mfg. Co. as a consolidation of 32
drain-pipe and 2 paving-brick plants. For list, &c., see V.vitrified
70, p.
482, 688, 874.
The bonds are subject to call at 105 and
Interest up to
$100,000 yearly.
See V. 70, p. 688; V. 78, p. 2601.
Stock,
$7,000,000,
as reduced Nov. 20 1907.
V. 85. p. 724, 923, 1210.
For calendar year
1907, gross, $435,268; general expenses, taxes and
reserves.
$142,510;
Interest on bonds $86,370; dividends (2
54%), $191,114; bal., sur., $15,274.
Balance sheet Dec. 31 1909, V. 90,
p. 624.
Dlvs., 3% yearly (54% Q.-J.) July 1904 to
July 1907, both Incl.; Oct.
1907, *4%; 1908, Jan., 5S%: none since to July 1910.
OFFICERS.—Pres., Geo R. Hill, Akron, O.;
Pittsburgh, Pa.; V.-P., W. F. Dunspaugh, Beaver,V.-P., John H. Jones,
Pa.; Sec. and Treas.,
A. S. McCombe, Akron, O.—(V. 88,
p. 627; V. 90, p. 561, 625.)

DIVIDENDS, ETC.—Dividend on pref., 154% quarterly Oct. 1901 to
DIv. on com. stock, 154% quar., paid
July 1910, both incl.
Aug. 1906 to
Aug. 1908, both Inclusive; none since to July 1910. V. 87,
p. 679
BONDS, ETC.—In 1909 sold $5,000,000 5% debenture notes, due $1,000,000 In 1912 and $2,000,000 each In 1913 and 1914.
V. 89, p. 530, 595.
Bonds of constlt. cos.: Dickson Mfg. Co. 1st 5s, $562,500
(assumed), matur¬
ing Nov. 1 1927; Richmond Locomotlve$550,000 gold consol.6s due April 1
1929 (assumed), of which $118,000 owned
by American Locomotive Co.
Locomotive & Machine Co. of Montreal 1st
20-yr. gold 4s ($1,500,000),
dated March 1 1904 ($1,000 each), guaranteed
prin. & int. by Am. Loco. Co.
Int. March and Sept, at Royal Trust Co. of
Montreal, trustee.
Rogers Locomotive Works, $305,000 first s. f. 5s, due May 14 1921.
SHIPBUILDING CO.—ORGANIZATION.—Incorporated
REPORT.—Report for year ending June 30 1909 was In V. 89, p. 591. In AMERICAN
New Jersey on March 16 1899. V.
68, p. 770; V. 70, p. 896; V. 71. d. 344.
showing net earns., $1,342,672; Int. and discount, $355,532; dlvs. on
1014;
V.
pref.
73,
p.
V. 83, p. 1172.
390;
stock (7%). $1,750,000; bal., def., $762,861.
DIVIDENDS—
Directors—Waldo H. Marshall. Pliny Fisk, Geo. R.
11902 1903 1904 1905 1906 1907 1908
1909
Sheldon, C. A. Coffin,
1910
Common
Julius E. French. John W
1
3
None
2
6
6
'JrUgs. W. \l Rarnum. Fred’kH. Stevens,
2
Below. ToJ'ne.2
Preferred
Chas. Miller, James McNaughton, Lewis L. Clarke.
%J
In
full to date (154% Q.-J.)
Pres., W. H.Marshall;
In July 1909 4% on com. was
V.-P., James McNaughton, Herman E. Ball and Leigh Best; Sec., C. B.
declared, payable 1% each on Sept. 1 and
Dec. 1 1909 and Mch. 1 and June 1 1910.
Denny; Treas., J. O. Hobby Jr.; Comp., Joseph Davis.
V. 89, p. 288.
Office, 30 Church
Report for year ending June 30 1909 in V. 89, p.
St., N. Y.—(V. 89, p. 471, 530, 591, 595, 1143; V. 90, p. 700.)
1344, showed net,
earns., $1,257,722; div. on pref.,
$553,000; deprec’n, malnt., reserve, &o.,
AMERICAN MALT
$379,643; bal., sur., $325,078.
CORPORATION.—ORGANIZATION.—Incorp.
In
James
C.
Pres.,
N. J. April 2 1906 as successor,
Wallace.
Cleveland; V.-P.
per plan V. 81, p. 266,<1043, of the American
and Treas., R. C. Wetmore: Sec., Ora J. Fish.
Office, Cleveland. Ohio
Malting Co., the latter being a consolidation In 1897.
V. 65, p. 619; V. 70,
—(V. 89, p. 286, 995, 1344; V. 90, p. 1046.)
p. 478; V. 85, p. 1141.
Under the plan the old preferred received 62% In
new pref. and the old com. 44% In new com.
AMERICAN
stock; $12,897,100 of the $13,SMELTERS SECURITIES CO.—ORGANIZATION.—
400,000 old common and $13,985,500 of the $14,440,000 old pref. had been
Incorporated March 31 1905 In New Jersey, and
acquired from Guggen¬
acquired In Oct. 1909. Properties operated, &c., V. 84, p. 156.
heim Exploration Co. various
mining properties and Interests in Mexico,
STOCK.—The preferred stock Is entitled to 4% from
Colorado and Missouri and about $5,000,000 to
April 1 to Oct. 1
complete certain
1906—thereafter to 6%.
Of the stock, $47,200 pref. and $104,000 common
Laterbought other properties In California, Washington, Utah,purchases.
will remain after exchange of all of the old
Missouri
and Mexico and a
stocks.
majority of the Federal Mining & Smelting stock. Am.
Smelt. & Ref. Co. controls, owning
DIVIDENDS.—On pref. stk., 2H% paid Nov. ’08; ’09, 5%
$17,751,000
common stock.
(M&N);
’10
See
below.
Properties owned, see application to list, V. 89,
May, 2 54%, leaving 13% accumulated dlvs. unpaid. V. 87, p. 741,
p. 1662.
V. 80,
1236]
p. 1730; 1915, 1973; V. 82, p. 694; V. 90,
p. 1046.
In 1905 control of Utah
BONDS.—Alex. J. Hemphill and F. J. H. Sutton are trustees.
Sinking
Copper Co. was acquired.
V. 81, p. 1317, 1494, 1794; V. 88,
fund one-half amount dividend declared on
p. 1125; V. 89.
pref. stock of Malting Co. and
p. 1674; V. 90, p. 307, 451; report, V. 90,
all proceeds of property sold.
p.
1167.
Independent, '‘Inter¬
V. 69. p. 956, 1013, 1195.
national Smelting & Refining Co.,” V.
87,
p.
1665.
REPORT of company for year ending
Aug. 31 1909 was in V. 89, p. 1220;
STOCK.—Preferred stock ”B” is guaranteed as to
by American
sheet, showing
company
total profits, $880,993; Smelting & Refining Co. and also as to principal dividends
ond Interest,
$190,429; taxes, $79,616;
In case of liquidationi
betterments and maintenance,
principal Is subject to redemption at par at option of
$53,565; bal., sur., $557,383; dividend on pref. stock
company
(254%). $216,775,
June 1
1930, or any Interest day thereafter.
Sink, fund Is provided.
OFFICERS.—Pres., Chas. A. Stadler: Sec., J. C. McCune;
See V.
H.
80, p. 1730, 1973; V. 89, p. 1662.
Eggerking. New York office, 63d St. and East River.—(V. 89. Treas.,
Pref. stock “A” Is preferred over "B”
p. 1350.)
only
as to dividends.
The
present
AMERICAN PIPE & CONSTRUCTION CO.—ORGANIZATION.—In¬
authorized Issue, $17,000,000, may be Increased
by $5,500,000. Pre¬
corporated In New Jersey Jan. 31 1889; name changed from Am.
ferred stock has no voting power unless dlvs. for
Pipe
one year remain
Mfg.
Co. Mch. 1 1909.
unpaid.
Controls and operates various water works and manu¬
DIVIDENDS.—First div. on pref. “A” stock (for 2
factures the Phipps hydraulic pipes.
mos.), 1%, paid
See list of subsidiary companies,
July 1 1905; Sept. 1905 to June 1910, both Inclusive,
V. 72, p. 135; V. 69, p. 1197; V. 81, p.
1H% quar. V. 81,
509; V. 88, p. 160, 566.
Coll,
trust
156, 670.
p.
On pref. ”B” 154% quar.. Sept. 1905 to
5% ctfs., originally $1,000,000, Ser.
June
1910 Inclusive.
‘‘A,” redeemable $50,000 Oct. 1
REPORT.—Report for 6 mos. ending Nov. 30 1909 In V. 90,
yearly to Oct. 1 1926 at 102 54 and Int., and also as a whole at the same
p. 300,
showed net earnings from operation,
price
after Oct. 1 1908, and Ser. “B”
$2,490,526; construction and lmp’ts.
$50,000 yearly at same price and as a whole
$186,999;
dividends,
to Feb. 1 1928.
$1,260,000;
bal.,
V 86, p. 1161; V. 87. p. 937; V.
sur,.$1,043,527.
88, p. 377.
Report for year ending May 31 1909 In V. 89, p. 160,
168, showed: Gross
DIVS. 1 ’90. *91 ’92. ’93. ’94.
1895.
earnings, $5,430,066; net over Int., &c., $3,626,426; new
1896 to Jan. 1907.
Since
construction and
(%) \
0
8 1154 13 (Incl. 3 ex.) 12
6
6
Improvements, $585,383; div. on pref. ”A” stock (6%),
2 quar.
yrly. (Q.-J.)
$1,020,000; div. on
pref. “B” (5%), $1,500,000; bal.; sur., $521,043.
REPORT.—For year 1909, with bal.
V.
90,
sheet,
In
p.
371,
showed:
Net earnings, $506,482, against
$629,678 in 1908; dividends, $400,000
OFFICERS.—Pres., Daniel Guggenheim;
yearly.
Pres., Joseph S. Keen Jr.; V.-P. and Treas., Geo. M. Bunting; Sec. Treas., Morris Guggenheim; Sec., W. E. Merriss.Vlce-Pres., Barton Sewell;
and Asst. Treas., H. Bayard
Directors, V. 80,
V. 84, p. 392.
Hodge. Office, 112 North Broad St., Phila¬
Office, 165 B’way, N. Y.—(V. 90, p. 300, 1046.) p 1425;
delphia.—(V. 88, p. 229, 377, 566; V. 89, p. 472; V. 90,
p. 169. 371.)
AMERICAN SMELTING ^REFINING
AMERICAN PNEUMATIC SERVICE CO.—ORGANIZATION.—In¬
CO.—ORGANIZATION, ETC
—Incorporated April 4 1899, under laws of
corporated July 1 1899 under laws of Delaware.
New Jersey, V. 68, p. 668.
(V.
68,
p.
1130,
Owns
and operates plants for the
1179.)
Is the owner of the whole, or
smelting
of ores and the treatment of
nearly
stock of the Lamson Consol.
all,
lead
bullion,
copper
bullion
and
Store Service Co. (V. 68, p.
copper matte In Utah, Montana, Colorado,
1073), the Inter. Pneum. Service Co., &c.
Nebraska, Illinois, New Jersey, Mexico and elsewhere.
Government oontracts, V. 84, p. 572,
The princi¬
1244; V. 85, p. 1463; V. 88. p. 103.
In Aug. 1905 acquired all the stock of N.
pal
merchantable
products
are bar gold and sliver,
Y. Mall & Newspaper Trans. Co.
pig lead, electro¬
lytic copper and blue vitriol
and Tubular Dlsp. Co., all the bonds of N.
Controls
the Kansas City Smelting &
Y. Mall & Newspaper Trans. Co.,
Refining
Co., the Omaha & Grant Smelting Co., dec. List of plants,
&C.
V. 81, p. 669; V. 82. p. 394;
rights of stock,
V. 83. p. 1102; V. 84, p. 1244.
&c., see V. 68, p. 975, 471, 523; V. 70,
Official statement was given In V.
232,
p.
281;
V.
76,
p.
V. 77,
974;
83, p. 34. See also V. 88, p. 824.
p. 2340; V. 79, p, 1041; V. 84. p
160: V. 88. p. 1059.
STOCK.—Shareholders on Mch. 5 1910 authorized an Issue of
In
April
1901
the
$3,000,000
property of M. Guggenheim’s Sons was acquired. See
7% first pref. stock ranking ahead of old
V. 71, p. 1271; V. 72, p. 138, 724.
pref., of which about $1,500,000
In April 1905 acquired control of
was offered pro rata at par (the Issue
being underwritten) to pay the floating American Smelters’ Securities Co., which see above. V. 80, p. 873.
debt, about $675,000, and for Improvements.
Omaha
&
Grant Smelt. 1st 6s due March 11911, $121,000, are
Subscriptions payable on
only bonds
or before July 26. V. 90, p. 449,
504, 701.

Slso of old

with balance

DIVIDENDS on old pref. stock to Jan. 20
1902, Incl., 6% per ann.; In
1906, 4H%; lfi 1907, Jan., 1 54%; none since to July 1910. V. 84,
p. 869.
First Mtoe. Collateral Trust S.
F.—During 1905 $1,129,000 of the new
$5,000,000 5% bond Issue was sold (of which $118,500 retired
by sink¬
ing fund to Mch. 1907); $600,000 Is reserved to retire the $600,000
(auth.
Issue) of Lamson bonds and the balance for extensions, etc. V.
81, p. 32.




DIVS.
1 1905.’06. ’07.
1908
1909.
1910.
Com.
(%)[
7 54 Jan.,2; Apr.,1: July.l; Oct.,1. 4(Q-J) To July ,3
5 54 7
Pref.
(%)J
In full to date (1

H Q.*J.).
ending Oct. 31 1909 was in V. 90, p. 300,
showing, net, $3,442,193,agst. $3,917,684 In 1908; construction &
tmp’ts.,
$48,774; pref., div. (3 54%). $1,750,000; com. div. (2%),
$1,000,000; bal.;
sur., $643,419.LReport for year ending April 30 1909 In V.
89, p. 160. 168. ^

REPORT.-—Report

for 6

mos.

MISCELLANEOUS COMPANIES

[For abbreviations, Ac., see notes on first page]

American Snuff—Stock common $12,500,000
Preferred (also as to assets) 6% non cum $12,500,000
American Steel Foundries—Stock (see text)
American Steel Castings first mortgage gold
G
Mortgage $0,000,000 total Issuable s f red after 10 years_Ta
Debentures $3,436,800 redeemable at par (text)
American Sugar Refining—Common stock $45,000,000
Pref stock 7% cum (not pref as to assets) $45,000,000..-American Telegraph & Cable—Stock 5% rental
—
American Telephone & Telegraph—Stock $500,000,000
Collateral trust mortgage gold (V 70 p 40)
OB.c*
Convertible bonds redeemable at 105 (text)
OB.c’&r*
American Thread—Pref stock $6,000,000 5% cum g or £
First mortgage $6,000,000 gold or £
G.c*
American Tobacco Co—Common stock ($100,000,000 auth).
Preferred (also as to assets) $80,000,000 6% cum (see text)
Gold bonds (not mortgage) $56,100,000 auth
G.c*&r
Gold bonds (not mortgage)
G.c&r*
Tobacco
collateral
trust
Consolidated
mtge gold
G.c* &r
American Type Founders—Stock
Preferred stock 7% cumulative $2,000,000
Deb gold $1,000,000 s f $20,000 yearly begin Sept 1900-Me
Deb gold $2,000,000 redeem at 106 sinking fund (text)-.Q
American Window Glass Machine—Com stock $13,000,000..
Preferred stock 7% cumulative $7,000,000
Debentures $5,000,000 gold due $1,000,000 yearly red par

Date
Bonds

Par
Value

Gross
Net over New Con- Dlv. Pref. Div. Common Balance,
Earnings Int.,Ac. struc.,Ac Stk (7%)
Stock.
Surplus.
$
$
$
$
$
5
1908-09.-9,146.387 7,711,979 321,234 3,500.000 (4)2,000,000 *1,843,050
1907-08..9,403,282 7,633,287 622,096 3,500,000 (7)3,500,000
11,191
•
After deducting $47,695 for employees' profit-sharing fund.
DIRECTORS.—Daniel Guggenheim (Pres.), Isaac Guggenheim (Treas.),
Solomon R. Guggenheim, Murry Guggenheim, M. Robert Guggenheim,
S. W. Eccles (Vice-President). Edward Brush (Vice-President and Assistant
to President), Walter T. Page. Grant B. Schley, M. D. Thatcher, J. B.
Grant, W. S. McCornlck, Karl Ellers, Frank W. Hills, Barton Sewell (V.-P.)
Edgar L. Newhouse, Franklin Gulterman, Willard S. Morse, John N.
Steele, Joseph Clendenln, John K. MacGowan, William Sproule, Judd
Stewart and Wm. C. Potter.
Office, 165 Broadway, N. Y.—(V. 89,

160,168, 1669; V. 90, p. 300, 772.)
AMERICAN SNUFF CO.—Incorporated in N. J. on March 12 1900.
For list of properties merged, see V. 70, p. 533, 634; statement to N. Y.
Stock Exchange, V. 72, p. 625, 672; V. 74, p. 428; V. 81, p. 267; V. 84, p.
510; V. 87, p. 680.
Dlv. on pref. Jan. 2 1901 to July 1910, 6 % yearly. On
com. Jan. 1903 to July 1907, lncl., 10% yearly (Q.-J.); Oct
1907, 3%;
1908,13%; 1909, Jan., 4%; Apr., 5%; July, 5%; Oct., 5%; 1910, Jan., 5%;
Apr., 5%; July, 5% and 2% extra. American Tobacco Interests own con¬
P.

V. 85, p. 285, 602.
REPORT.—Report for year ending Dec. 31 1909 (In V. 90, p. 693)
showed: Net earnings, $4,203,653; dlv. on pref. (6% ),$720,000; dlv. on
com. (20%), $2,200,340; bal., sur., $1,283,313.
Pres., Martin J. Condon;
Sec. and Treas., E. D. Christian. Ill Fifth Ave., N. Y.—(V. 90, p. 1492.)
AMERICAN STEEL FOUNDRIES.—ORGANIZATION.—Incorporated
in New Jersey on June 26 1902 and acquired the property of Am. Steel
Casting Co., &c. V. 79, p. 1463; V. 80. p. 224, 602; V. 83, p. 685, 1230.
STOCK.—The stockholders voted June 12 1908 to reduce the authorized
stock from $37,650,000, consisting of $18,110,000 common and $19,540,000
preferred, to $17,184,000 of one class only. The old preferred ($17,184,000)
outstanding received 77% In new stock and 20% In 15 years, 4% deben¬
Debentures are subject to call
tures dated Feb. 1 1908 and 3% cash.
trol.

at par, not less than 10% to be retired yearly, beginning Feb.
The common stock ($15,809,280 out) received 25% In new stock.
p. 170, 482, 605, 796; V. 87, p. 40. In 1908 over 90% of each class
nad assented.
V. 86, p. 722.

1 1913.
V. 86,

of stock

DIVIDENDS.—On former preferred. Dec. 1 1902 to Dec. 1903f 1H%
(Q.-M.); 1904, May, 1H%: Aug., 1%; none since, but see STOCK.

quarterly dividend on stock as readjusted, 1M% paid May 14 1910;

Aug. 15, ltf%.

BONDS.—As to 6s, see V. 81, p. 267, 842; V. 83, p. 820.
EARNINGS.—For 9 mos. ending April 30 1910 net earnings were $1,239,304, against $433,686 In 1908-09; other Income, $32,312; total Income,

$1,271,616; lnt., sink, fund and deprec., $637,736; bal., surplus, $633,880.
REPORT.—For year ending July 31 1909 In V. 89, p. 1342, showed: net
Income, $632,566; charges, $499,239; deprec., $113,481; bal., sur., $19,846.
DIRECTORS.—Charles Miller
(Chairman), Wm. V. Kelley, is. H.
Gary, Thos. K. Nledrlnghaus, W. W. Butler, W. D. Sargent, Geo. B.
Leighton, Max Pam, Edward Shearson. John M. Harrison. Morris Bach¬
man, E. F. Goltra, Arthur J. Eddy.
Pres., Wm. V. Kelley; 1st V.-P.,
Robert P. Lamont; Treas. and Sec., F. E. Patterson.
Office, Chicago.—
(V. 88, p. 627, 1439; V. 89, p. 1342, 1484; V. 90, p. 629, 1172, 1492.)
AMERICAN SUGAR REFINING.—Organized in N. J. in Jan. 1891, per
plan V. 51, p. 609. Properties owned, V. 90, p. 164; V. 88, p. 943; V.
82, p. 1270; V. 83, p. 1038; V. 87, p 1481. National Sugar Refining Co.,
see V. 70, p. 1096; V. 71, p. 31.
See V. 70, p. 482, 634, 998, 1051; V. 71,
p. 136, 237, 699.
Suit V. 84, p. 627; V. 85, p. 348; V. 86, p. 110, 796;
V. 87, p. 1606; V. 88, p. 1130.
New plant at New Orleans, La., commenced
operations May 1909. V. 86, p 1411; V. 88, p. 160, 943; V. 90, p. 164.
The investments In beet-sugar and other ocrporatlons on Jan. 1 1909 aggre¬
gated $22,189,151. Settlement of litigation Apr. 1909. V. 88, p. 1130,
1502; V. 89, p. 1282.
STOCK.—In 1901 each class of stock was Increased from $37,500,000
to $45,000,000 by sale at par to shareholders.
V. 73. p. 617.
DIVIDENDS.— 1
1894 to 1899. 1900. ’01 to July’10.
1892.
1893.
Common
%\ 10 H
21 H 12 y’ly (3 Q-J)
7H
7 yearly
REPORT.—Report for year ending Dec. 31 1909, with bal. sheet. In
V. 90, p. 769, showed net earnings, $10,823,869; divs. (7%), $6,299,951;
bal., sur., $4,523,918.
Total surp. Dec. 31 1909, $21,301,873. V. 90,

769. ofOfficial
6,eport
at p.length
Boston statement
committee made
Sept. Jan.
1909,1910
V. 89,
848. In V. 90, p. 164.

DIRECTORS.—W. B. Thomas (Pres.); Arthur Donner (V.-P.); Horace
Havemeyer, George H. Frazier, Chas. H. Allen (Treas.), Henry E. Nlese,
Henry C. Mott, S. C. Hooker, Edwin F. Atkins, Samuel Carr, Edwin F.
Marston.
Sec., Jos. E. Freeman.
Transfer office, 117 Wall St., N. Y.
(V. 90, p. 164, 170. 701, 769, 1615, 1679; V. 91, p. 216.)
AMERICAN TELEGRAPH & CABLE.—Owns two cables between Nova
Sootla and England.
Leased until 1932 to Western Union—which see.

—

AMERICAN TELEPHONE & TELEGRAPH CO.—ORGANIZATION.—
Owns a large Interest, generally a majority Interest, In the capital stock
of all the leading local companies operating under the Bell patents through¬
out the United States (except the Michigan State Telep. Co.); also owns
the system of long-distance telephone lines by which they are united.
See series of telephone articles. V. 69. p. 674, 826, 1034. 1222; V. 70, p.
817.
Capitalization licensee co’s, see V. 88, p. 1554; V. 85, p. 1398; V. 86,

171. Rental paid by subsidiaries, V.85, p. 348.
Pupln patents, V. 72, p. 677; V. 76, p. 332, 596; V. 77, p. 39.
Capitalization of system May 1 1909, V. 89, p. 160; V. 90, p. 504.
In Nov. 1909 a “substantial minority interest” in West. Union Teleg.
Co. stock, understood to be about $30,000,000, was acquired from the
Goulds Ac.
The harmonious operation of the two properties is expected
to result In large economies.
V. 89, p. 1350, 1546; V. 90, p. 629, 785.
In July 1910 control of Michigan State Telephone Co. was acquired.
See STOCK below.
STOCK.—On June 3 1901 the authorized stock was increased from
p.

for conversion
1909 to $300,000,000,
to provide
}100,000,000
to $150,000,000,
1 1903of to$150,000,000
bonds,
on March
$250,000,000.
In
and In Mch. 1910 to $500,000,000, to provide for future requirements,
an.

none

shareholders In 1910. Of the stock, $21,943,200 was subscribed for by stockholders at par In 1903 and $21,904,700
In June 1907.
V. 76, p. 1356; V. 77, p. 39, 771; V. 90, p. 772, 782.
Late
In 1908 $5,991,745 stock was issued.

of the new stock to be offered to

In July 1909 the stock outstanding had been Increased to $235,754,300,
through the exchange of $77,371,000 convertible bonds for stock.
Offers were made to exchange the stock held by the public In the N. Y.




Amount

Rate

When

Outstanding

%

Payable

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

July 1 1910 7% 111 Fifth Aevnue, N Y
$100 $11,001,700 See text
Q—J
do
do
100 12,000,000!6 In 1909
July 1 ’10 1H%
Q—J
100 17,184,000 See text
Q—F Augl5’10,1 MVo
Nov
1
5
M
&
1912
N
1897
Guaranty Trust Co, N Y
1,000
446 000
g
Trust Co of America, N Y
A
&
O Oct 1 1935
100 &o
6 g
1905
2,510,000
100 &C
4
F
&
A Feb 1 1923
1908
Guaranty Trust Co, N Y
3,436,800
100 45,000,000 7 In 1909
July 2 *10 1H% Checks mailed
Q—J
do
100 45,000,000 7 In 1909 See text July 2 ’10 1X%
100 14,000,000
5
Q—M June 1 ’10 1H% Western Union Tel, N Y
Checks
mailed
100 259.846,900 8 In 1909
July 15 19102%
Q—J
Manhat Tr, N Y; & Bost
4 g
J
&
1899
J July 1' 1929
1,000 53,00 1,000
do
M
&
do
4 g
S Men 1 1936
1906 1,000 &0 43,637,000
5
&
J July 1 '10 2H% Guaranty Trust Co, N Y
4,890,475 5 In 1910 J
do
do
&
500 &C
J Jan 1 1919
1899
6,000,000 4 g or £ J
100 40,242,400 See text See text June 1 ’10 10% Checks mailed
do
6
100 78,689,100
July 1 *10 1H%
Q—J
50 Ac 53.341,300
8 g
A
&
O Oct 1 1944
1904
Guaranty Trust Co, N Y
do
do
50 &C 47,586,200
F
&
4 g
A Aug 1 1951
1904
do
do
60 &C
F
& A Aug 1 1951
1901
3,767,900
100
4,000,000 4 In 1909
Q—J
July 15 '10 1% Checks mailed
do
do
100
2,000,000 7 in 1909
July 15 '10 1M
Q—J
Mercantile Trust Co, N Y
6 e
M & N May 1 1926
1896
100
800,000
8 g
M 8s N May 1 1939
1909
100 Ac
Guaranty Trust Co, N Y
1,200,000
100 12,557.794
100
6,557,794
F
A A Feb 11910-1914 Farm Dep Nat Bk, Pitts
1905
1,000
4,216,000
6 g

Fiscal
Year—

quar.
First

[VOL. LXXXX1

INDUSTRIAL STOCKS AND BONDS.

140

A N. J. Telephone Co., Bell Telephone Co. of Pa., Bell Telephone Co. of
Buffalo and Cent. Dlst. Print. A Telegraph Co. for stock of the Amer.
Teleph. A Teleg. Co. on certain terms which will require In the aggregate

$30,341,500 stock of the latter. Increasing the amount In the hands of the
public to only $256,095,800.
The $72,629,000 convertible bonds remaining
unexchanged July 20 1909 (reduced to $43,637,000 on July 18 1910) wifi
require on the present basis of exchange the further Issue of about $54,470,000 additional stock If all converted. V. 89, p. 229; V. 90, p. 112.
In Sept. 1909 It was arranged to purchase from the Western Union Tele¬
graph Co. for $22,500,000, payable In 1910 to 1915, $16,221,800 N. Y. Tele¬
phone Co. stock, of which $9,733,100 pledged as security for Its $10,000,000
4% convertible bonds, which are subject to call beginning May 1 1912,
and $6,488,700 held In the treasuryIn Feb. 1910 re-purchased $8,200,000
Am. Teleph. & Teleg. stock from the Mackay Companies and will use It In
the summer of 1910 In exchange for stocks of several subsld. cos. V.90,p.629
The N. Y. Telephone Co. in Sept. 1909 Increased its authorized stock
from $50,000,000 to $100,000,000 and took over the other Bell companies
In New York State, including the N. Y. A N. J. Telephone Co., the Bell
Telephone Co. of Buffalo and Central N. Y. Telephone A Telegraph Co.,
$35,672,800 of the new stock belngtssued. All of the New YorkTelephone
Co. stock Is owned.
V. 89, p. 722, 849.
As to N. Y. Telephone Co. and
Western Electric (Mfg.) Co. see statements of those cos. In this section.
In July 1910 three shares of stock were offered in exchange for each 4 shares
of Nebraska Telephone stock ($4,600,200 outstanding Dec. 31 1909).
V. 91, p. 40.
In July 1910 majority of $3,500,000 Michigan State Tel. Co.
stock was acquired, on the basis of exchange of 4 shares of American for
5 shares of Mich, stock, the minority shares being offered the same terms,
to Aug. 10.
V. 91, p. 218.
DIVIDENDS.—July 1900 to July 1906 Inclusive, 7X% per annum;
Oct., 1906 to July 1910, 8% (Q-J).
BONDS.—The collateral trust mortgage of 1899 is secured by collateral
mentioned In list In V. 81, p. 509.
On additional collateral further bonds
may be Issued to an amount not exceeding 75% of the estimated value of
^collateral; and the Issue at any time outstanding must not exceed the
amount of the company's capital stock then paid up.
V. 69, p. 1196,
1249; V. 70. p. 40; V. 85, p. 1398; V. 80. p. 999, 1113.
The convertible 4s of 1906 ($150,000,000 original issue) are to be ratably
secured by any future mtge. or collateral trust indenture. They are sub¬
ject to cau on and after March 1 1914 at 105 and convertible Into stock at
133.7374158 + since March 11909 and before March 11918; and in the mean¬
time up to 30 days prior to any date of redemption, with a cash adjustment

of Interest and dividends respectively, provision being made to protect
the holders as to the convertible rate In tne event of the issue of new stock.
In Oct. 1908 $7,388,000 bonds were also Issued to acquire about $3,000,000
Western Electric Co. minority stock. Increasing the amount of said stock
owned to about $12,000,000 out of $15,000,000 Issued.
In Dec. 1908 the
remainder of the bond Issue was sold, providing for the company's require¬
and
ments In 1909
1910, Including provision for $6,000,000 Western Tbl. A
Teleg. Co. notes due May 1909 ana $25,000,000 Amer. T. A T. notes due
Jan. 1910, and new work. To July 1910 $106,363,000 bonds had been con¬
verted Into stock.
See V. 82, p. 394, 571, 699; V. 83, p. 438; V. 84, p. 105,
160, 273. 933, 1369, 1489; V. 86. p. 171, 1411; V. 87, p. 1013, 1481, 1535.
1606; V. 88, p. 453 , 508 , 566, 627.
EARNINGS.—For 6 mos. ending June 30 1910, total Income, $17,595,895, against $15,212,832 In 1909; expenses, $1,694,485; lnt., $2,586,356;
dlv. (4%), $10,352,353; bal., sur., $2,962,701.

REPORT.—Report for 1909 In V. 90, p. 696, 768, 781.
35-7, 150-3.
1909.
1908.

sub-cos. for 1909, V. 91, p
Year end. Dec. 31—
Total gross earnings.

Surplus

over

lnt. charges

$32,761,341
23,095,388

$27,898,970
18,121,707

Reports of
1907.

$25,609,671
16,269,388

Paid dividends
(8)17,036,275
(8)12,459,156
(8)10,943.644
DIRECTORS.—Theo. N. Vail (Pres.), Chas. W. Amory, Geo. F. Baker,
Francis Blake, Sylvanus L. Schoonmaker, Alexander Cochrane, T. Jefferson

Coolidge Jr., W. Murray Crane, Henry S. Howe, Chas. E. Hubbard (Sec.),
William Lowell Putnam, Thomas Sanders, John I. Waterbury, Rudulph
Ellis, John J. Mitchell, H. P. Davison, Moses Williams, Eugene V. R.
Thayer, Thomas B. Bailey, Harry H. Brigham, George L. Green, Henry
L. Higglnson, George Willis Perce, Frank E. Warner and Robert Winsor.
Treasurer Is Wm. R. Driver.
Office, 125 Milk St., Boston, Mass.—(V.
90, p. 731, 916, 1046; V. 91, p. 35. 40, 150, 216.)
AMERICAN THREAD CO.—Incorporated in N. J. March 10 1898
(V. 67, p. 1158.)
Stock, $6,000,000 common ($4 50 per $5 share paid
In, understood to be entirely owned by the English Sewing Cotton Co.);
$6,000,000 5% cum. pref. (gold or £); Issued $4,890,475, par of shares,
$5.
Dividend on prer. July 1899 to July 1910, Inclusive, 5% per annum
(2 4% semt-an.).
First dlv. on common, 30 cts. per share (or 10% on
amount paid In) paid out of earnings of 1899-00; In 1900-01, 35 cts. (10%);
In 1901-02, none; In 1902-03. 14 cts. (4%); in July 1904, 56 cts. (16%);
in July 1905, 28 cts. (8%); in July 1906, 49
1908 dividends were paid, but amounts not

cts. (14%); In July 1907 and

reported; 1909, 18 cts. (4%);

1910, 67^ cts. (15%).
BONDS.—See application to list In full, V. 70. p. 179; also V. 76, p. 267.
In 1901 purchased control of Wool Exchange Co., owning building 260 West
Broadway, subject to first mtge. of $450,000. V. 73, p. 289, 393, 446.

REPORT.—Report for year ending Mch. 31 1910 In V. 91, p. 91, showed
gross profit for year, $2,441,844, against $1,128,736 In 1908-09 and $1,383,772 In 1907-08; bond lnt., $240,000; deprec’n, $505,874; pref. dlv. (5%),
$244,524; com. dlv. (15% on amount paid In), $810,000; reserve for con¬

Pres., T. C. Waterhouse, 260 W.
tingencies, $300,000; bal., sur., $341,446.
B’way, N. Y.; Sec. and Treas., J. G. Wylie.—(V. 89, p. 530; V. 91, p. 91.)
(THE) AMERICAN TOBACCO CO.—ORGANIZATION.—Incorporated
on Oct. 20 1904 as an amalgamation, under the laws of New Jersey, per
plan, V. 79. p. 1024, of the American, the Consolidated and the Conti¬
nental tobacco companies.
V. 79, p. 1705. See application to list. V. 80,
De¬
p. 168; statements of those companies In this Section for July 1904.
cision sustaining merger, V. 84, p. 105: V. 86, p. 670.
Government suit,
properties controlled, production, &c. V. 85, p. 101, 277. In Nov. 1908
the U. S. Circuit Court of Appeals held the company a combination In viola¬
tion of the anti-trust law, but appeal to Supreme Court has been set down for
re-argument on Nov. 14 1910. V. 87, p. 1301, 1269; V. 90, p. 1046, 1364.
It owns a majority of the common stock of the American Snuff Co. (but
not a majority of all voting stock); also a majority of the stock of the Ameri¬
can Cigar Co., whose $10,000,000 of 4% notes Issued ($20,000,000 author¬
ized) were guaranteed principal and interest by the American and Conti¬
nental companies.
V. 73, p. 1113; V. 72, p. 531,1037; V. 78, p. 1394. The
American Cigar Co. owns a majority Of tne common stock of the Havana
Tobacco Co.. V. 74, p. 1141, as well as a majority of the common stock of
the American Stogie Co.
See V. 77, p. 148; V. 80, p. 2400; V. 86, p. 110.

July.

1910.J

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES
see notes on first page]

[For abbreviations, Ac.,

American Woolen—Common stock $40,000,000 authorized..
Preferred stock 7% cum (also assets) $40,000,000 auth
Wood Worsted Mill Corp con & equip notes guar p & l (text)
Ayer Mills notes guaranteed principal and Interest
Ayer Mills con As equip notes guar p As l (text)
American Writing Paper—Common stock $9,500,000
Preferred stock 7% cumulative $12,500,000
First M s f gold $17,000,000 call since July ’09 at 105-OB.c*
Anaconda Copper Mining Co—Stock $150,000,000 authorized
Armour & Co—Real estlstM$50,000,000 g red 102 *4-xc* Ar*
Associated Merchants—Common stock
First preferred 5% cum (also assets) convertible (text)....
Second preferred 6% cum (also assets) (see text)
Barney & Smith Car—Common stock $2,000,000
Preferred 8% cumulative $2,500,000
First mortgage $2,000,000 gold redeemable at 110..G.C*
Bethlehem Steel Corporation—Common stock $15,000,000..
Pref stock 7% non-cumulative $15,000,000 (also assets)__
Beth Steel purch money mtg for Beth Iron gold.GP.c* Ar_
Beth Steel Co 1st ext M $12,000,000 g gu red 105....Q.c*
do
do
serial notes guaranteed
..Q
do
do
secured gold notes guar red 102 *4 s f-Me.c
Borden’s Condensed Milk—Common stock $22,500,000
Preferred 6% cumulative $7,500,000 redeemable at 110..
Brill (The J. G.) Co—Common stock
Preferred stock (also as to assets) 7% cumulative
Brooklyn Union Gas—Stock $20,000,000
First cons $15,000,000 g (for underlying bonds see text)__G
Buffalo Gas—First M $5,900,000 redeem at 115 gold
N.c*

Date
Bonds

1905
1909
1910

1899
1909

1906

1901
1906
1907
1909

Par
Value

1895
1897

1,000
1,000

STOCK.—Of the stock authorized. $1,310,900 pref. and
$59,757,600 com.
have not been Issued.
The pref. stock has voting power only as the statute
expressly gives the power to vote. See V 79. p. 1025; V. 80, p. 167.

DIVIDENDS.—On preferred, 6% per annum (Q.-'J.); on common*
10% (Q.-Mch.) yearly since early in 1905, with following extras:

1905.
1906.
1907.
1908.
1909.
1910
Dec.
Total.
Total.
Total.
Total.
Mch.
June.
10%
12*4%
15%
25%
7 *4%
22*$%
7*4%
BONDS.—The rights of the 6s are prior to those of the 4s.
See V. 79,
p. 1956; v. 80. p. 167.
In Jan. 1905 $51,210,200 of the $56,090,400 6%
bonds and $72,757,400 of the $78,689,100 4% bonds authorized had been
listed, with authority to list the balance as exchanged under plan. In Dec.
1905 $15,200,000 of the 4% bonds purchased In the
open market were can¬
celed: in 1906, $2,437,000; in 1907, $7,496,000; In 1908, none; In 1909,
$2,202,000.
V. 81, p. 1611; V. 84, p. 625, 805. |
.

REPORT.—Report for the year ending Dec. 31 1909 In V. 90, p. 693,
showed net earns., $30,448,384, agst. $28,704,405 In 1908;
premium on 6%
bonds purchased, $44,411; lnt. on bonds. $5,355,331; dlv. on com.
stock,

(35%). $14,084,840; pref. dlv. (6%). $4,721,346; bal., sur., $6,242,456.
DIRECTORS.—James B. Duke (President), Thomas J. Maloney,
Caleb C. Dula, Robert B. Dula, William R. Harris and
Percival S. Hill
(Vice-Presidents); George Arents, Anthony N. Brady, Paul Brown, H. M.
A.
Hanna. G.
Helme, Herbert D. Kingsbury. Robert D. Lewis, Pierre Lorlllard. R. L. Patterson. Oliver H. Payne. Frank. H. Ray, Thomas F.
Grant B. Schley. Robert A. 0. Smith, Robert K. Smith. Charles N. Ryan.
Strotz,
George W. Elkins. Peter A.B.Wldener, Geo. D. Wldener. Thomas B. Yullle,
W. R. Irby.
Treas. Is John M. W. Hicks; Sec., J. T. Wilcox.
Office.
Ill Fifth Ave., N. Y.—(V. 90, p. 374, 693. 1046, 1241,
1364.)

AMERICAN TYPE FOUNDERS CO.—Incorporated In 1892 under laws
of N. J.
See V. 55, p. 625, and adv.
In 1896 the capital stock was read¬
justed. V. 62, p. 682. New plant, V. 77, p. 1292; vT 79, p. 1703.
Dlv. on com. April 1898 to July 1910 Incl., 4% per annum.
In addition,
in Jan. 1902 6 % scrip, In
April 1902 2 % scrip and In Apr. 1909 2 % scrip was
paid. Dlv. on pref. paid July 1902 to July 1910 Incl., 1M % quarterly.
DEBENTURES.—Of the 6% debentures dated May 1 1909 ($2,000,000
authorised Issue), $1,200,000 were subscribed by the stockholders or other¬
wise sold.
The remaining $800,000 are to be used to retire the old deben¬
tures.
A sinking fund of $20,000 and $20,000 additional when the old
debentures are retired will be used to purchase the debentures at not over
106 or draw them by lot at 106 and interest.
V. 88, p. 627; V. 89, p. 1068.
ANNUAL REPORT.—Report for year ending Aug. 31 1909, In V. 89,
p. 1068, showed net profits over expenses and Interest, $306,759; dlv. on
com. (4%), $160,000; dlv. on pref., $140,000;
bal., sur., $6,759. Pres.,
R. W. Nelson, 300 Communlpaw Ave., Jersey City.—(V.
89, p. 1143.)
AMERICAN WALTHAM WATCH.—See Waltham Watch Co.
AMERICAN WINDOW GLASS MACHINE CO.—ORGANIZATION.—
Incorporated in N. J. on March 6 1903. V. 76, p. 596. Owns exclusive
rights to certain window-glass machine patents In the U. S. See V. 76,
p. 596, 707.
In March 1903 purchased nearly all of com. 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.
The Amer. Window Glass Co. pref. stockholders were offered, per plan
V. 90, p. 1172, an equal amount In exchange of an Issue of $4,000,000
5%

coll, trust bonds to be second In lien to the present Issue of coll, trust bonds.
Steps are to be taken to bring the properties of the glass company Into the
direct possession of the machine company, wiping out all past-due
royalties,
and to obtain from creditors an extension of
payments of obligations.
The Window Glass Co.’s $4,000,000 cum. pref.
stock (In shares of $10Q)
received dlvs. of 7% per annum March 1900 to March
1903; no dlvs. paid
since to July 1910 Inclusive.
V. 76, p. 707.
Pres., W. K. McMullln; Sec. and Treas., A. E. Braun, Pittsburgh, Pa.—
(V. 80, p. 1915, 1974; V. 83, p. 1172; V. 85, p. 923; V. 86, p. 422.)

AMERICAN WOOLEN CO.—ORGANIZATION.—Incorporated March

29 1899 under laws of N. J. as a consolidation of the
Washington Mills, Law¬
rence, Mass.; National Providence Mills, Providence, R. I., dec.; see V. 68,
p. 472; see also p. 617; V. 69.p. 77; V.73, p. 446; V.
List of
71, p.545.

properties, V. 78, p. 1118; V. 90, p. 622. Official statement, V. 71. p. 1316.
Mills owned Included In their equipment Oct. 1909 775 sets of cards,
8,495 looms, 325 combs and 6,000,000 spindles.
The Wood Worsted Mill Corporation, whose $3,500,000 stock Is
owned,
has built a large mill at South Lawrence,
Mass., for the manufacture of

?arns
500,000
and paid
men’sMch.
wear1910,
fabrics;
Its $3,500,000
notes, guaranteed
A lnt.,
prin.
remainder,
$1,500,000,
mature Sept.
1910
and

$1,000,000 Mch. 1911. V. 81, p. 900, 842; V. 84, p. 1054; V. 86, p. 599;
V. 90, p. 622.
The Ayer Mills, whose stock Is owned. Is
building a yarn mill at South
Lawrence, Mass., expected to be In operation by July 1910; of Its $2,500,000
4*4% notes of 1909, guar. prln. A lnt., $500,000 paid June 1 1910 and
$2,000,000 matured June 1 1911, and the $2,000,000 4*4% notes of 1910
$500,000 each March 1 1913 and 1914 and $1,000,000 March 1 1915.
V. 88,
p. 508; V. 90, p. 622, 701.
STOCK.—In Dec. 1906 the $10,000,000 new
pref. stock was sold. V.
83, p. 1472; V. 84, p. 750, 1184.
The stockholders voted July 16 1909 to
Increase the pref. stock from $35,000,000 to
$40,000,000. most of the $5,
000,000 new stock having been subscribed for by the stockholders, the re¬
mainder being taken by a syndicate.
V. 88, p. 1622; V. 89, p. 227.
Dividends on pref. July 1899 to July 1910, both
incl., 7% per an. (Q-J-15).

EARNINGS.—Report for

year ending Dec. 31 1909, at length In V. 90*
622, 636, showed. Net profits. $5,798,059; pref. dlvs. (7%), $2,610,417;
deprec’n, $1,618,537; surplus, $1,569,105. Total surplus, $10,514,808.

p.

DIRECTORS.—Wm. M. Wood (Pres.), Frederick Ayer, John Hogg,
F. W. Klttredge, J. C. Woodhull, G. E. Bullard, Andrew G. Pierce Jr.,
Geo. L. Shepley and Chas. H. Tenney; Sec. and Treas., W. H. Dwelly Jr.;
Asst. Treas., W. A. Currier Asst. Sec., Frederic G. Sherman. Office, Shawmut Bank Bldg., Boston, Mass.—(V. 90, p.
622, 636.
91.




When

%

Payable

$100 $29,501,100
100 40,000,000
2,500,000
2,000,000
2,000,000
100
9,500,000
100 12,500,000
1,000 14.698.000
25 105,500,000
1,000 Ac 30,000,000
100
7.405.800
100
4,725,400
100
5.118.800
100
2,000,000
100
2,500,000
1,000
2,000,000
100
14,862,000
100 14,908,000
1,000
7,500,000
1,000 10,960,000
264,000
1,000
7,500,000
100
100
100
100
100

p.

Bate

96.)

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

7 in 1909 Q—J

1,000
1,000
1,000

The Continental Co. acquired the $3,000,000 P. Lorillard Co. com.
and also
$1,581,100 Of Its $2,000,000 pref. stock.
V. 70, p. 331, 1051; V. 71, p. 646
In 1902 the old American Tobacco Co. and the
Imperial Tobacco Co. of
Great Britain sold their
export businesses to the Britlsh-American Tobacco
Co ., Ltd., the capital stock of which Is
£6,100.000 authorized. Issued £5,82 0,021, the American Tobacco Co.
owning about two-thirds thereof and
the Imperial Tobacco Co. about one-third.
V. 75, p. 735; V. 73, p. 618,
724, 1359; V. 76, p. 868, 921; V. 85, p. 101, 279. •

701; V.

Amount

Outstanding

141

15 Julyl5’10,l X% Guaranty Trust Co, N Y
MAS Sep ’10-Mch ’ll Brown Bros A Co, N Y
A
D June 1 1911
do
do
MAS Mch 1913-1915

4*4
4*4
4*4

J

See

text See text Apr 1 1910, 1%
5 g
J
A
J July 1 1919
Old Colony Tr Co, Boston
8 In 1909
Q—J
July 20 *10, 2% Nat City Bank, N Y
A
D June 1 1939
4*4 g J
See text
Q—M
May3l'10,2 ** % Hudson Tr, Hoboken,N J
See text
Q—J
Julyl5’10,l *4%
do
do
See text
Q—J
Julyl5’10,l X%
do
do
See text
Dec 16 1907,1%
Q—M
See text
June 1 1908,2%
Q—M
5 g
J
A
J July 1 1936

Guaranty Trust Co, N Y

See

text

6 g
5 g
6
6 g
21,250,000 8 In 1909
7,500,000 6 In 1909
5,000,000 See text
4,580,000 7 In 1909
18,000,000 See text
5 g
14,698,000

5,805,000

AMERICAN

5g

Q—F
Q—F

Feb 1 1907, 5*% 111 Broadway, N Y
Girard Trust Co., Phlla
Aug 11998

J
A
J Jan 1 1926
Harvey FiskASons.N Y
J
A
J July 1 ’10-'12
do
do
MAN Nov. 1 1914
Mercantile Trust Co, N Y
F
A
A Feb 15 ’10, 4% By check from Co’s office
Q—M
J’nel5’10,l *4%
do
do

Q—M
Q—F
Q—J
MAN

A

WRITING

A

Sept 15’08, *4%
Aug 1 1910, 1 X
July 1 1910,1 *4 By check from Co’s office
Chase Nat Bank, N Y
July 1 1945
O Oct 1 1947
Standard Trust Co, N Y

PAPER

CO.—ORGANIZATION.—Incorpor¬
ated in N. J. on June 25 1899 as a consolidation
of fine writing-paper mills.
V. 69, p. 25, 128, 227; V. 70, p. 998: V. 80,
p. 1172; V. 90, p. 625.
Stockholders voted Feb. 11 1908 to reduce the authorized stock from
$25,000,000 to $22,000,000.
V. 86, p. 171, 422.
Two dividends of 1%
each, declared payable April 1 and Oct. 1 1907, were paid June 1908 after

favorable court decision; 1909, Oct., 1%; 1910, Apr., 1%.

Of the $17,000,000 bonds, $1,380,000 were In sink, fund Jan 1910and
$922,000 In the treasury uncanceled.
V. 76, p. 540.
Report for cal. year
1909, with bal. sheet, In V. 90, p. 622, showing: Net Income, $1,663,054; lnt.'
constr’n, depr’n, Ac., $1,202,213; dlvs. (1%), $124,599; bal.. $336,242.
OFFICERS.—Pres W. N. Caldwell; Treas., George B. Holbrook; Sec.,
E. H. Hall, Holyoke, Mass.—(V. 89, p. 472; V.
90, p. 504, 625.)
ANACONDA COPPER MINING.—See Amalgamated Copper Co.
ARMOUR & CO.—ORGANIZATION.—Incorporated In Illinois Apr. 14
,

1900

consolidation of the various interests of the
partnership of the
Owns plants in Chicago, Kansas City, South Omaha. East St.
Louis and Fort Worth, Tex., incl. packing houses,
glue works, soap works,
warehouses, refrig, stations, Ac., Ac.
See appllc. to list, V. 90, p. 370.
Stock, $20,000,000, all out; par, $100.
Dlvs. not made public.
BONDS.—Of the "real estate 1st
mtge.” 4 *4s ($50,000,000 author¬
ized Issue), $30,000,000 were sold to pay
the floating debt and for working
capital, the remaining $20,000,000 being reserved for future purposes.
They are subject to call as a whole on any interest day at 102 *4 and interest
on 12 weeks* notice and on and after Deo. 1
1914 In parts of not less than
10% of the amount outstanding.
The unencumbered quick assets, includ¬
ing auxiliary companies, must at all times exceed the aggregate debt. In¬
cluding the outstanding bonds. No dividends are to be paid except from
earnings subsequent to the fiscal year ending Oct. 24 1908. V. 88, p. 1374.
REPORT.—For year end. Oct. 23 1909 (V. 90, p. 370), total receipts,
$10,582,905, against $11,608,474 in 1907-08; administrative expense,
$1,576,787; lnt., taxes, insur., Ac., $1,878,193: bal., sur., $7,127,925.
OFFICERS.—Pres, and Gen. Mgr., J. O. Armour; V.-P., O. W. Armour;
Sec., C. W. Comes: Treas., F. W. Croll. Office, 205 La Salle St., Chicago,
Ill.—(V. 89, p. 920, 1282, 1412; V. 90, p. 370, 1679; V. 91, p. 216.)
as

a

same name.

ASSOCIATED

MERCHANTS

CO.—ORGANIZATION.—Incorporated

In April 1901 In Connecticut under
special charter, and acquired $4,500,100
of the $9,000,000 stock of the H. B. Claflln Co. and the business
of James
McCreeiy & Co. of 23d St., which In Dec. 1906 acquired the 34th St. busi¬
ness.
V. 84, p. 692. In Dec. 1901 purchased the business of Posner Bros,
of Baltimore (now Stewart A Co.) and In 1903 2,000 shares
($200,000) of the
$250,000 com. stock of C. G. Gunther’s Sons. V. 77,
p. 449; V. 73, p. 1358.
V. 90, p. 773.
In 1905 acquired the business of J. N. Adam A Co. of Buf¬
falo.
V. 76, p. 540; V. 80. p. 1730; V. 81, p. 776.
Also owns $2,400,000
of the $3,000,000 debenture bonds, $2,000,000 of the
$3,000,000 Income
bonds and 800 of the 1,000 shares of stock of the O’Nelll-Adams
Co., a
consolidation in 1906 of H. O’Neill A Co. and Adams Dry Goods Co.
V. 83, p. 274, 561.
In Jan. 1910 the new United

acquired $9,813,100 of the $17,250,000

Dry Goods Companies

stock of all classes, the
remaining
being given the right of exchange, $ for $, to Nov. 1 1909 for
United
Dry Goods common stock. V. 88, p. 1375.
STOCK.—The first preferred Is exchangeable at par at holder’s option
into either com. or 2d pref. stock.
In Oct. 1904 the rights to dlvs. were
amended so that the 1st and 2nd pref. are entitled to receive
*4% extra
above 5% and 6% respectively for each 1% the com. shall receive over
7%.
V. 79, p. 1706; V. 80, p. 118, 1915; V. 81, p.
1317. Stockholders on April
18 1906 authorized an increase in the 2nd
pref. stock from $5,000,000 to
$10,000,000, making the total authorized stock $25,000,000. to be divided
as called for by conversions.
V. 82, p. 707, 931; V. 83, p. 381.
DIVIDENDS— ’02. *03. ’04. *05. ’06. ’07. ’08. ’09.
1910.
Common (%)
1 H
7
7
7
7
7
7
7
1 X, 1 X, (—), (—)
do
extra (%)
2
**1*42
2
0
*4.
*4, (—). (—)
•Pref. extras (%)
1
*4
1
**
X
**,**,(—).(—)
•Payable In quarterly Installments along with regular 5% yearly bn 1st
pref. and 6% bn 2d pref.
stock

REPORT.—Report for half-year and entire year end. Feb. 1 1910, with
bal. sheet, was In V. 90, p. 694.
Pres., John Claflln.
Office, Hoboken,
N. J.
New York headquarters, Church and Worth Sts.—(V. 90,
p. 694.)
ASSOCIATED OIL CO., CALIFORNIA.—(V. 90, p. 916, 1172, 1484.)
ATLANTIC GULF & WEST INDIES STEAMSHIP LINES.—Successor
of Consolidated SS. Lines per plan V. 87, p. 287, 1013, 1090.—(V.
88, p.
160, 885, 1375; V. 89, p. 350; V. 90, p. 374, 504, 1166, 1241, 1679.)
BARNEY &. SMITH CAR CO.—Re-lnoorporated In Ohio In 1906 per
plan. V. 82, p. 695, 158, 1498.
Pref. dlvs. resumed Dec. 1899; 2% paid quar. to June
’08, Incl.; none since
to July '10.
36% In com. stock paid May 1906 for deferred dlvs. V. 82, p.
695,1042.
First dlv. on com. since 1893,1%, paid Sept. 15 1906;
Dec., 1%
1907, 4% (Q.-M.); since to July 1910, none.
V. 86, p. 482.
REPORT.—For year ending Mch. 31 1907, V. 85, p. 162.
Year—
Net.
Interest.
Com. Div.
Pref. Div.
Bal., Sur.
1907-08
$508,639
$100,000 $200,000
(3%)$60,000
$148,639
1906-07
602,030
90,000
200,000
(3%) 59.892
252,138
Pres., A. M. Klttredge.
Office, Dayton, O.—(V. 89, p. 165.)
BETHLEHEM STEEL CORPORATION.—ORGANIZATION.—Incor¬
porated In N. J. on Dec. 10 1904 as successor, per plan V. 78, p. 587, of the
U. S. Shipbuilding Co., and acquired the entire stock
of the Bethlehem Steel
Co. (see nRy. A Ind.” Supp. Oct. 1902, and V. 77,
p. 1744) and the entire
capital stocks of the following shipbuilding concerns:
Union Iron Works, San Francisco; Harlan A
Hollingsworth Corp., Wil¬
mington, Del.; Samuel L. Moore A Sons Corp., Elizabethport, N. J.; “all
free from
liens.”
See V. 82, p. 1050; V. 85, p. 1520; V.
87, p. 1359.
DIVIDENDS.—1 X% quar. Aug. 1905 to Aug. 1906, both Incl.; Nov.
H%: 1907, Feb., X%; since to July 1910, none.
V. 84, p. 573, 933.
BONDS.—The Bethlehem Steel Co.’s 1st extension 5s ($12,000,000 auth¬
orized Issue), guaranteed prln. and lnt. by
the new corporation, are se¬
cured by a first lien on about 250 acres
acquired at Bethlenem and the im¬
provements erected thereon.
An annual sinking fund of $300,000 began
July 1908. In Nov. 1905 $8,000,000 were sold, the option on the remaining
$4,000,000 being exercised March 1907.
V. 81, p. 1612; V. 82, p. 282,
1050, 1499; V. 84, p. 573; V. 85, p. 470, 866. The $2,500,000 6%
guar,
notes of 1907 of Steel Co. mature one-fifth In 3
years, one-fifth in 4 years,
remainder 5 years.
Of the notes, $2,170,000 have been paid and canceled.
V. 86, p. 916; V. 84, p. 1489.
In Oct. 1909 $7,500,000 Bethlehem Steel
Co. 5-year 6% notes dated Nov. 1 1909 were sold, secured by one-half of the
company’s Interest In the Juragua Iron Co. and guaranteed by the Bethle-

141

INDUSTRIAL STOCKS AND BONDS
MI SCEl.LA iV EO US COMPANIES
see notes on first page]

Bate
Bonds

[For abbreviations, &c.,

Buff & Susq Iron—See Rogers-Brown Co.
Bush Terminal Co—Common stock $7,000,000
Preferred 5% non-cumulative $1,500,000._
First mtg (V 76, p 974) conv sink fund since '07

$100
1902
1905
1910

1901
1908
1903
1905

1,000
1,000

50
50
1909

1,000
100

100
100
1899

1,000
100
100

1905
1893

1,000

whlch’pledges'lts holdings of subsidiary companies’ stocks

REPORT.—Report for cal. year 1909 In V. 90, p. 974, showed total net
Income, lncl. subsld. cos., $2,836,593; bond, &c., lnt., all cos., $1,535,781;
appropriation for deprec’n, &c., $500,000; bal., sur., $800,812.
Total
surplus Dec. 31 1909, $3,268,076.

OFFICERS.—Pres., Charles M. Schwab; Vlce-Pres., Archibald Johnston1
2d Vlce-Pres., Henry S. Snyder; Sec. and Treas., B. H. Jones; Asst. Treas.,
and Asst. Sec., T. A. McDonald.
Office, 111 Broadway, N. Y.
DIRECTORS.—C. M. Schwab (Chairman), George R. Sheldon, Pliny
Fisk. Archibald Johnston, C. W. Wetmore and Oliver wren, Allan A. Ryan,
Wm. M. Barnum and Henry S. Snyder.—(V. 90, p. 974, 1427.)

BORDEN’S CONDENSED MILK CO.—ORGANIZATION.—Incorpor¬
on Apr. 24 1899.
V. 68, p. 821; V. 69, p. 1195; V. 74, p. 97,
579; V. 76, p. 656.
Pref. stock Is redeemable at 110 after 3 years from Issue
(if less than the whole to be paid, the number of shares to be drawn by lot.)
STOCK.—The stockholders voted July 30 1909 to Increase the com. stock
from $17,500,000 to $22,500,000; $3,750,000 being offered to stockholders at
par, payable Sept. 1 *09, increasing total out to $21,250,000.
V. 89, p. 165.
Dividends on pref. to June 1910 lncl., 6% yearly (Q.-M.).
On common In
ated In N. J.

1902, 8%; 1903, 8%; and In Dec., 1X% extra: 1904 to 1908, lncl., 8%
(F. A A.), and In Dec. 1904 to 1907 2% extra; 1909, Feb., 4%; Aug., 4%;
1910, Feb., 4%,
No bonds.
Pres., S. Frederick Taylor; V.-P., Walter M. Gladding; Treas., F. D.
Shove; Sec., Sidney J. Pearson, 108 Hudson St., N. Y.—(V. 90, p. 1241.)

BRILL (THE J. G.) CO.—ORGANIZATION.—Incorporated In Pennsyl¬

vania Aug. 1 1906; organized Feb. 1907.
Owns practically entire stock or
various companies manufacturing cars, chiefly electric, and appliances
therefor.
See V. 85, p. 1400; V. 86, p. 1102.
STOCK AND BONDS.—Of the preferred stock, $420,000 unissued is
reserved to retire the $400,000 5% bonds on the John Stephenson A Co.
plant due Dec. 31 1925, but subject to call at 105.
No other bonded debt
and none can be created without the approval of 75% of preferred stock.

DIVIDENDS.—On pref. stock. May 1907 to Aug. 1 1910, 7% yearly
On common, June 1907 to March 1908, 1% quar.; June and Sept.
1908, X of 1%; none since to July 1910.
V. 87. p. 1009.
REPORT.—For calendar year 1909 In V. 90, p. 501, showed: Gross, $2,868.395; net, $130,784; pref. dlv. (7%), $320,600; bal., def. $189,816.
Pres., James Rawle; Treas., Edward Brill; Sec., M. Herman Brill.—
(V. 87, p. 1090; V. 88, p. 508, 999; V. 89, p. 350, 449, 501.)

(Q.-F.).

BROOKLYN BOROUGH GAS CO—V. 81, p. 1102; V. 90, p. 629, 773
BROOKLYN FERRY—See New York Terminal. Issue Jan. 1909.
BROOKLYN UNION GAS.—Incorporated In N. Y. State Sept. 9 1895,

Ser
uitplan
V. validity
62, p.
1141;
V. 64.
p. 887;
V. 80,
p. 1854.
to test
61. p. 831,
and V. gas
of 80-cent
law,
V. 82,
1103,
p. 1042,
1214.
STOCK, &c.—Stock was authorized Dec. 30 1903 to be Increased from
$15,000,000 to $20,000,000 for extensions and Improvements, and converilon of $3,000,000 debentures which matured Mch. 1 1909.
V. 88, p. 508.
DIVS.— 11898-1900 1901-1903 1904 1905 1906 1907 1908 1909 1910
Percent—[ 6 yearly 8 yearly 9H
8^3
5X
6
Below
0
In 1910, April, 3% (s.-a.); July, 1X% (quar.).

BONDS.—Mortgage of 1895 is for $15,000,000 of bonds, subject to:
Interest.

Outstanding.
Maturity.
$264,000
Feb. 1 1940
38,000
Jan. 1 1920
REPORT.—Report for calendar year 1908 In V. 88, p. 682. In 1909>
gross, $8,359,484; net (over taxes), $2,816,829; other Income, $23,863
lnt. on bonds, &c., $1,200,693; dlvs. (6%), $1,080,000; bal., sur., $559,999*
In 1908, gross, $7,947,729; net, $1,651,260.
Pres., James Jourdan; Treas., E. R. Chapman.
Office, 180 Remsen St.,
Brooklyn, N. Y.—(V. 88, p. 508, 682, 688; V. 90, p. 916, 1365.)
BUFFALO GAS.—Organized In Oct. 1889 and consolidated the Buffalo
City Gas Co. and Buffalo Gas Light Co. See listing, V. 77, p.34. Stock,
common, $7,000,000; pref., 6% non-cum., $2,000,000, of which $1,713,000
outstanding; par, $100.
Report for year ending Dec. 31 1908 In V. 88, p. 134.
In 1909: Net,
$296,515; Interest on bonds, $290,250; bal., sur., $6,265. A. C. Humph¬
reys, 31 Nassau St., Pres.—(V. 87, p. 1662; V. 89, p. 1283, 1344.)
BUSH TERMINAL COMPANY.—ORGANIZATION, &c.—Incorpor¬
ated in New York on Feb. 10 1902 (V. 74, p. 477).
Owns extensive termi¬
nals on the water front, 40th to 51st streets, Brooklyn.
V. 76, p. 974,
1032; V. 77, p. 1227; V. 7,9, p. 1956; V. 82, p. 1039; V. 88, p. 163.
SECURITIES.—€tock authorized, $7,000,000 com. (par of shares $100
each), of which $3,560,000 Is outstanding, the balance having been reserved
for the conversion of 1st 4s of 1902 at option of the holders, dollar for dollar,
up to Jan. 1 1910.
Div. on pref., 5%, paid Feb. 1906; Feb. 1907, 2^%:
Feb. 1909. 2X%: July, 2X% (s.-a.); 1910, 5% (J. & J.).
First dlv. on
•ommom, 2%, paid July 1910.
"Of the 50-year consol. 5s, $3,371,000 are reserved to retire the 1st 4s
See listing application, V. 88, p. 163; V. 79, p. 1956; V. 80, p.
of 1902.
999,
1905, 1177; V. 81, p. 1243; V. 90, p. 1427.
The stockholders voted Nov. 29 1909 to guarantee $12,000,000
50-year
■inking fund 5% bonds of the Bush Terminal Building Co’s (changed
from Bush Land Co.) seeured by mtge. to Columbia Trust Co. of New York
as trustee on property between 28th and 37th sts. and 2d and 3d
aves.,
Brooklyn, and property hereafter acquired.
The bonds will probably be
dated Dec. 1.
A block will be sold to refund the $600,000 consol. 5s due
April 1 1910; remainder reserved for lmprov’ts, &c. V. 89, p. 848.
’EARNINGS.—For 2$mos. ending Feb. 28 1910, gross (lncl. net RR.
dept.), $208,894; net, $181,733; other Income, $5,957; bond lnt., $73,942;
taxes, $16,700; sink, fund, $5,433; bal., sur., $61,615.
REPORT for year ending Dec. 31 1909 In V. 90, p. 1167, showed: Gross,
$1,160,970; net, $867,780; other Inc., $35,556; charges, $529,868; dlv. on
pref. (5%), $75,900; bal., sur., $298,468.
Pres., Irving T. Bush; Treas.,
R. C. Slmonds and Herbert Boughton; Sec., H. W. Green and E. C. Parpart.
Office, 100 Broad St., N. Y.—(V. 88, p. 1256, 1439; V. *9,^. 289,
848, 1485; V. 90, p. 629, 1167. 1427, 1615.)
BUTTE ELECTRICI aPOWER CO.—See page 163
Citizens’Gas con. mortgage-5% F. & A.
Union Gas. L. con. mtge
5% J. & J.




Rate

When

Last Dividend

%

Payable

and Maturity

1,000 NoneApr’10
100
4,000,000
100
1,000,000
1,000
1,066,000
500 &c
1,135,000
500 &c
624,000
1,000
2,362,000
100
14,580,900
25
2,500,000

therefor.
The notes will have a monthly sinking fund of $60,000, beginning
Nov. 1 1910.
The proceeds will be used to retire the existing $2,500,000
6% notes, and for lmpr’ts.
V. 89, p. 995, 1225, 1282; V. 90, p. 974.
The Union Iron Works Dry Dock Co., a subsidiary of the Union Iron
Works, took over on Nov. 1 1908 the property of San Francisco Dry Dock
Co., and Issued 20-year 6% purchase money bonds ($910,267 outstanding
Dec. 31 1909), besides assuming $500,000 underlying 5s. V. 88, p. 941.

Bonds—

Amount

Outstanding

Places Where Interest and
Dividends are Payable

$3,500,000 See text. See
1,500,000 5 In 1910 J
4 g
A
3,260,000
5 g
J
6,629,000

100

K.c*
c*

First consolidated mortgage $10,000,000
Bush Term Bldgs Co M $12,000,000 auth guar s f.._c*&r
Butte Electric & Power—Common stock $5,000,000 auth._
Preferred stock 5% cumulative $1,000,000
First mortgage gold sink fd due part y’ly June l__Usm.c*
Joint M (Bll A East Mont Power) $5,000,000 red conv._c*
Montana Power Transmission $750,000 g gu p & 1 call 105
Madison River Power 1st M $5,000,000 g gu p A 1 call 105
Butterick Co—Stock $15,000,000 (bonds see text)
Calumet & Heda Mining—Stock $2,500,000 ($12 per sh.paid)
Cambria Iron—Stock (4% guaranteed)
Cambria Steel—Stock $50,000,000
Mfrs’ Water Co 1st M $4,000,000 g gu s f red text
GP
Celluloid Co—Stock $6,000,000 authorized
Central Fireworks—Common stock $1,750,000
Preferred stock 7% cumulative $1,750,000
Central Foundry—Common stock $7,000,000
Preferred stock 7% cumulative $7,000,000
Debentures $4,000,000 gold redeemable at 105
Central Leather Co—Common stock $40,000,000
Preferred 7% cumulative $40,000,000 (also as to assets)..
First lien gold bonds.$45,000,000
U S Leather deben.gold sink fd 4% sub to call at 110__Ce

hem jSteel Corp.,

Par
Value

[VOL. LXXXXI

8,468,000
45,000,000
4,000,000
5,925,000
1,406,800
1,267,200
6,650,000

5
See text
5 in 1909
5 g
6 g
5 g
„

See

5g

text. July 15 *10, 2%
A
J July 1 ’10,2
&
O Apr 1 1952
KnlckerbockerTrCo, N Y
&
J Jan 1 1955
Title Guar & Tr Co, N Y
A
A
O Apr 1 1960
Q—J
July 1 ’10, IX Checks mailed
do
Q—F
Aug 1 ’10,1 X%
J
A
D June 1 ’11-’51
U S Mort A Tr Co, N Y
J &
D June 1 1934
30 Broad Street, N Y
F
A
A Aug 1 1933
do
do
F
&
A Feb 1 1935
do
do
Q—M June 1 ’10, X% Checks mailed
Q—M June 28’10,28%
&
A
O Apr 1 *10, 2% Checks mailed
do
Q—F
Aug 15*10,1 X%
J
&
D June 1 1939
Girard Trust Co, Phila

text
108 In ’09
4 In 1909
See text
5 g
8 In 1909
Q—J
See text See text
See text See
text

July 1 *10, 1 X Office, 36 Wash PI, N Y
vSept 1907, X% Checks mailed
do
Sep 1*09, 3X%

6,650,000
3,863,000
39,699,644

6 g

MAN

May 1 1919

Baring & Co, New York

33,299,050 7 In 1909
July 1 *10,1 X% Checks mailed
Q—J
5 g
O Apr 1 1925
A
A
Central Trust Co, N Y
36,764,150
M
6 g
A
N May 1 1913
Nat Park Bank, N Y
3,585,000

BUTTERICK CO—ORGANIZATION.—Incorporated In N.$Y. on Jan.
15 1902.
Owns stocks of various cos. publishing magazines, manufacturing
paper patterns, &c.
See V. 75, p. 237.
Stock was on Oct. 19 1909 auth¬
orized to be Increased from $12,000,000 to $15,000,000, to acquire the

$1,000,000 Rldgway Co. stock, of which $860,300 purchased In July 1910.
Rldgway Co. has out $423,400 first 7% bonds due Nov. 15 1916.
Underlying bonds, $1,200,000 Federal Pub. Co. collateral 6s due 1920;
payable 10% yearly beginning 1910, of which $600,000 has been retired,
and $600,000 Butterick Pub. Co. 4X% real estate mortgage, maturing
Sept. 7 1914; other real estate mortgages, $110,000.
DIVIDEND. 11902. 03. '04. ’05. 1906. 1907. 1908. 1909.
1910.
Percent
444
j
2
4
31H
2 H To June. 1H
In 1909, March, June and Sept., X% each, Dec., X%REPORT for year 1909 In V. 90, p. 847, showed profits. $453,657, agst.
$341,547 In 1908 and $259,678 In 1907; dlvs. received on Rldgway stock,
$19,700; dlvs. (2X%), $287,730; bal., sur., $185,627. Pres., G. W.
Wilder; Treas., C. D. Wilder, Butterick Bldg., New York City.—(V. 89,
p. 921, 1070. 1283, 1544; V. 90, p. 847).
CALUMET & HECLA MINING.—Stock, $2,500,000: par, $25. Controls
La Salle Copper Co., a consolidation Jan. 190 7, with $10,000,000 authorized
stock.
V. 84, p. 223; V. 85, p. 280.
Also acquired In 1907 a large Interest
in the Allouez. Centennial Copper and Osceo la Consol. Mining, and other cos.
and in Feb. 1909 additional holdings for $8,519,000, on account of which
were sold $4,134,000 4% and $1,685,000 5% 3 to 10-year notes redeemable
at par and 102 respectively; $1,700,000 3-year 5% notes and $1,000,000 5%
3 to 10-year notes red. at par. V. 88, p. 688; V. 84, p. 452; V. 85, p. 280;
V. 88, p. 686, 566.
DIVID’S.—I’Ol. ’02. ’03. ’04. ’05. ’06. '07, ’08.
1909.
1910.
Per cent
1180 100 140 160 200 280 260 80 20 24 32 32 To June., 60
In 1909-10 produced 36,054 tons of refined copper, against 41,408 In
1908-09.
Report for year ending April 30 1910 in “Chronicle” July 30.
Pres., Quincy A. Shaw.—(V. 90, p. 978, 1492.)
CAMBRIA STEEL CO.—Incorporated In Pennsylvania In Nov. 1898, per
plan, V. 67, p. 688, leasing Cambria Iron Co. for 999 years at 4% on $8,468,000 Stock.
V. 68, p. 128; V. 75, p. 443; V. 76, p. 862; V. 78, p. 1166.
In June 1901 a controlling interest was acquired by Penn. RR. and af¬
filiated roads.
V. 72, p. 1282, 1190; V. 73, p. 84, 393; V. 82, p. 1499.
DIVIDENDS.—Since reorg.: 1902 to Aug. 1909, lncl., 3% yearly: 1910,
Feb., 2H% (s.-a.); May, 1X% (quar.); Aug., 1X%- V. 90, p. 239, 770.
BONDS.—The
Manufacturers’ Water Co. guaranteed 1st mortgage
bonds ($4,000,000, all Issued) are redeemable on any Interest day at
101 and interest out of the sinking fund ($150,000 yearly, beginning 1912)
and also at 102 X in blocks of $500,000 or over. V. 88, p. 1376; V. 90, p.770.
Form of guaranty, V. 90, p. 1365.
REPORT for 1909, with balance sheet was In V.90, p.769, showing: Net,
$2,016,039; other Income, $908,239; charges, $386,191; dividends (4%),
$1,800,000; depreciation and lmprov. funds, $700,000; bal., sur., $38,087.
Pres., Charles S. Price.
Office, Arcade Bldg., Philadelphia.—(V. 89, p.
1350; V. 90, p. 239, 769, 773, 1365.)
CAR LIGHTING & POWER CO.—ORGANIZATION.—Incorporated
in Maine Dec. 28 1908
Refrigerating Co. per

of the Consolidated Railway, Lighting A
plan in V. 87, p. 1239, 1360; V. 88, p. 55.
Stock
authorized, $8,000,000; par of shares, $25 each.—(V. 88, p. 750.)
CELLULOID COMPANY.—ORGANIZATION.—Incorporated Nov. 28
1890 in New Jersey.
Stock, $6,000,000; issued, $5,925,000; par, $100.
DIVIDENDS.—\ ’96. '97. ’98. ’99. ’00. ’01. ’02-’09.
1910.
f lncl.
Percent....
4X 6
7
8 yrly. To Jly.6 H\Dc.’09
J 4X 4
7
Factories at Newark, N. J.; office, 30 to 36 Washington Place, N. Y.
Pres., M. C. Lefferts; V.-P., L. E. Lefferts; 2d V.-P., D. G. Maynard; Treas.,
F. R. Lefferts; Sec., Carleton Montgomery.—(V. 82, p. 754.)
CENTRAL FIREWORKS CO.—ORGANIZATION.—Incorporated in
New Jersey June 1896.
Properties controlled, see V. 72, p. 341.
DIVS.—
Aug. '00 to Aug. ’03. ’04. '05. ’06.
1907.
'08. ’09. 1910.
Common .%
2% yearly.
2
X
1^1 (HM-S)
0
0
Preferred % In full to Sept. 1907.
0
7 Mch:,0
There are no bonds.
Pres., Wm. A. Turner; Sec. and Treas.,'Geo. T.
Egbert.
Office, 10 Park Place, N. Y.—(V. 86, p. 605; V. 88, p. 750.)
CENTRAL FOUNDRY.—Incorporated In New Jersey on July 11 1899
and acquired manufactories of soil pipe said to control 95% of trade In the
U. s.; V. 69, p. 178; V. 71, p. 1222; V. 81, p. 779; V. 83, p. 489; V. 85. p.
525.
Owns all $1,000,000 Central Iron A Coal Co. stock and $200,000
Central Radiator stock.
On Feb. 11 1910 the U S.. District Court appointed
Waddlll Catchlngs receiver of the Foundry Co., there being $731,761 floating
debt. The receiver estimates the assets as worth over $2,500,000 as a going
concern.
V. 90, p. 979.
Protective Committee.—J. N. Wallace, Chairman, Franklin L. Babcock,
Sec., Central Trust Co.,N.Y.,and Baring Bros. & Co., requested deposits
of debentures, claims and other debts.
V. 90, p. 504, 561, 979.
Of deb. 6s of 1899 shown above as outstanding, $296,000 were on Dec. 31
1908 held In treasury as an Investment.
In 1908 were sold $1,000,000 Cen¬
tral Iron A Coal Co. bonds of an auth. Issue of $2,000,000 30-year 6s due
Aug. 1 1938 (not guaranteed), h,ut subject to call at 105; lnt. paid F. A A.
at office, 37 Wall St. V. 87, p. 482, 547.
Fiscal year ends Dec. 31. Re¬
port for 18 mos. ending Dec. 31 1908 was in V. 88, p. 820, showing; Profits,
$474,678; bond Interest, $347,670; maintenance and replacements, $133,259; bal., def., $6,251.
Net earnings of Central I. A C. and Cent. Rad.
cos. over charges were $115,541 additional.
Directors Aug. 1907, V. 85,
as successor

& 602.
Pres.,Comptroller
August Heckscher;
Sec.,
S. Watts
Bowker; Treas.,
Edward
Fennessy;
and Transf.
Agt.,
A. H. Miner.
Office. 37
Wall
.

St., N. Y.—(V

88, p. 820; V. 90. p. 504, 561, 629, 773, 978.)
CENTRAL LEATHER CO—ORGANIZATION.—Incorp. In N. J. on
Apr. 12 1905 as reorganization per plan V. 79, p. 2751, of the U. S. Leather
Co. (V. 56, p. 757; V. 57, p. 23; V. 71, p. 817; V. 81, p. 213, 560, 1176, 1852;
V. 90, p. 1173).
Output, sole leather. The old U. S. Leather preferred
stock per $100 received in new securities $50 bonds, $50 preferred and $23 50
common stock (exeept about $4,500,000 which received the
equivalent of
about $130 per share) and the old common $30 in new common stock.
Statement to New York Stock Exchange, V. 81, p. 504; V. 82, p. 159.
STOCK AND BONDS.—Of the securities, $13,858,350 bonds, $8,858,850 pref. and $298,969 com. stock were In 1905 reserved to retire the old
debentures and for additional properties, working capital, Ac.
The new
bonds will be secured by a 1st mtge. on all the assets and lands
acquired
and, pending their physical acquisition, by the shares of old company
(nearly all acquired) and all the stock and bonds of Its subsidiaries, Includ¬
ing the $9,000,600 1st mtge. 5% 15-year staking fund gold bonds and $10,000,009 stock of the Central Pennsylvania Lumber Co. (authorized amount
$20,000,000).
V. 76, p. 1196; V. 78, p. 50; V. 81, p. 1176.

July, 1910.]

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES
see notes on first page]

[For abbreviations, dbc.,

Date
Bonds

Central & South American Tele*—Stock auth $14,000,000-.
Central Union Teleph Co—1st M $2,500,030 gold call 105..IC 1906
Consolidated mortgage $6,000,000 gold redeem 105__OB.c* 1899
Chicago Edison Co—See Commonwealth Edison Co.
Chicago Junction Rys & Union Stock Yards—Common stock
Preferred 6% cumulative (preferred also as to assets)
Collateral trust gold $ or £
-Ce.c* 1890
Mortgage and coll trust ref gold bonds $14,000,000.S.c* &r 1900
1st real estate improvement M $3,000,000 g red 105 s f.__
1908
Un Stock Yard & Transit Co (sub co) debens g red 105
1910
Chicago Pneumatic Tool Co—Stock $7,500,000—
First M gold red at 105, all or by lot for $50,000 sf
1901
Chicago (Bell) Telephone—Stock $30,000,000 authorized
1st mtg $60,000,000 gold red 105 beg Dec 1 1913_FC.c*&r*_
1908
Claflin (H B) Company—Common stock
First preferred 5% gold cumulative., (preferred as to prln.l
Second preferred 6 % cumulative
] and dividends, j
Colorado Fuel & Iron—Common stock $44,200,000 auth
Preferred stock 8% cumulative $2,000,000
Debentures redeemable at 105 (V 72, p 990)
IC.c*&r 1901
Colorado Fuel Co’s general mortgage gold s f red 110 Mp.c* 1889
Col Fuel & Iron gen M $6,000,000 gold s f red 105.Ce c*&r 1893
Col Indus first M gold ser A & B guar p & 1 call 105. N.c* &r 1904
Bonds of Properties Controlled.
Grand River Coal & Coke 1st M gold ($125,000 guar) .Ce.c* 1889
Rocky Mountain Coal & Iron first mtge gold guaranteed-_ K 1901
Col & Hock C & I—Pref stock 6% non-cum $500,000
First mortgage gold (old 6s Interest reduced)
Ce.c* 1887
Coll tr pur money & M bonds $1,000,000 g 8 f red HO.Ba.c 1906
Commercial Cable Co—1st M(lnc deb stk) $20,000.000 gF.c&r 1897

Par
Value

$100
1,000
100
100

1,000
1,000 &c
1,000
100

1,000
100

1,000 &c
100
100
100
100
100

1,000
1,000
1,000
1,000

$

1,000
1,000
& £

DIVIDENDS.—On pref., Oct. ’05 to July ’10, both incl., 1 J£% quar.
ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for year ending
Dec. 31 1909 was In V. 90, p. 558, showing: Total net
Income, lncl. subsidi¬
aries, $6,882,366; Int. on bonds and debs., $1,964,429; pref. dlv.
(7%),
$2,213,461; dlv. U. S. Leather Co. pref. outstanding to Oct. 1 1909, $201,380; bal., sur., $2,503,095.

DIRECTORS.—Edward C. Hoyt, A. Augustus Healy, Walter G. Garritt,
P. A. Valentine, Nathan Allen, Eugene Horton, Samuel P.
Davldge, John
J. Lapham, Robert E. Paine, Lewis H.
Lapham, L. C. Krauthoff, Geo. W.
Childs, Chas. W. Allen, Van A. Wallin, Frank W. Simmons.

OFFICERS.—Pres., E. C. Hoyt; 1st V.-P., Walter G. Garritt; 2d V.-P.,
JohnU. Lapham; 3d V.-P., Eugene Horton; Sec., Fred E.
Knapp; Treas.,
Geo. W. Plum.
N. Y. offices, 45-49 John St.—(V. 90, p. 558, 561, 1173.)
CENTRAL & SOUTH AMERICAN TELEGRAPH.—Owns cable from
Vera Cruz, Mex., to Valparaiso, Chill, 4,750 miles, and land lines 350
miles,
&c.
Also the Trans-Analne telegraph lines, 1,200 miles.
Connects at Vera
Cruz with Mexican Telegraph Co., and owns an interest In cable and
dupli¬
cate cable between Galveston and Coatzacoalcos, 825
miles, &c.
New
cable between New York and Colon, Isthmus of
Panama, was completed
about Aug. 1907; of this, 738 miles from New York Is owned
by Mexican
Telegraph Co. and 1,563 by C. & S. A. Co. V. 84, p. 1054, 1117.
STOCK.—Stockholders voted Feb. 9 1909 to Increase the authorized
Stock from $12,000,000 to $14,000,000.
V. 88. p. 297, 453.
DIVIDENDS.—
J ’85. *86. '87. ’88-*96. *97. 1898 to July *10.
Percent
1 4
4
6 7 y’ly. 6 H 6 yearly (Q.-J.h
In 1890 20% In stock; In 1907, 25% In stock.
V. 84, p. 1184.
EARNINGS.—For 6 months ending June 30 1910 (partly estimated):
6 Months—
Total Inc.
Net Inc. Div.(3%). Bal.,Sur.
1910 (partly estimated)
..$878,250
$551,250 $287,180
$264,120
1909 (partly estimated)
832,500
507,000
287,130
219,870
Report for year ending Dec. 31 1909, In V. 90, p. 912, showing: Gross,
$1,665,029; net, $997,046; dlvs. (6%), $574,260; cable repairs, $18,339;
bal., sur., $404,446. Office, 66 B’way.—(V. 90, p. 912.)
CENTRAL UNION TELEPHONE (INDIANA).—The company controls
the Bell telephone business in Indiana, In Ohio with the
exception of Cleve¬
land and Cincinnati, and in Illinois excepting Cook and four other
counties.
The stockholders on March 16 1910 adopted a plan for
capitalizing the float¬
ing debt by the organization of corporations In Ohio and Indiana, to which
the properties now owned therein will be sold, leaving the Central Union
In ownership of all the Illinois properties.
Each of the 3 cos. Is to authorize
bonds to pay Its proportion of the
outstanding bonds and provide for
V. 90, p. 851, 1173.
Improvements.
Subscribers Jan. 1908, 193,741.
V. 87, p. 93.
Stock outstanding Sept.
1908, $5,450,927; $4,315,590 was owned by Amer. Telep. & Teleg. Co.,
which also holds the floating debt, amounting, It Is
said, to about $15,000,000.
V. 73, p.901.
See V. 72, p. 1190; V. 73, p. 618; V. 81, p. 213.
Sub-licensees, V 82, p. 1375; V. 83, p. 98. Of the $6,000,000 consol. 5s,
$2,500,000 are reserved to retire 1st 6s. V. 73, p. 446; V. 68, p. 379, 472,
570; V. 71, p. 86.
Report for cal. year 1907 in V. 87, p. 92, showed, gross,
$4,611,486; net, $1,240,809; lnt. on bonds. &c., $1,114,449; bal., surp.,
$126,360.
In 1909 gross was about $5,000,000.
Pres., L. G. Richardson.
Office, Telephone Bldg., Indianapolis.—(V. 8(7, p. 92; V. 90, p. 851.)
CHESAPEAKE & DELAWARE CANAL.—Owns canal from Delaware
City to Chesapeake City, Md.
In June 1893 bondholders were asked to ac¬
cept 4% Interest (In place of 5%) until contingent fund, reduced to $49,613,
should again amount to $100,000.
In 1907 the United States Commission
recommended purchase of canal for $2,514,290.
V. 85, p. 341; V. 83,

?. 92. Bonds, $2,602,950 (extended In 1886); due July 1 1916; Interest

& J.
Interest Is payable at the office In Philadelphia.
Report for
year ending May 31 1908 In V. 87, p. 412.
In 1909 10; Gross receipts,
$179,038; maintenance of canal, $65,396; net, $113,641; Interest charges,
.

$104,118; balance, surplus, $9,523.
Stock, $1,903,238; par, $50.
Pres.,
Office, 528 Walnut St., Phlla.—(V. 90, p. 1556.)
CHESAPEAKE & OHIO CANAL.—“Supp." 1890; V. 81, p. 268.
CHICAOO JUNCTION RAILWAYS & UNION STOCK YARDS.—OR¬
GANIZATION.—Incorporated In 1890 in New Jersey, and purchased 98%
of the stock of Union Stock Yards & Transit
Co. of Chicago.
Thus controls
over 450 acres of land (with one
mile of water front), containing ware¬
houses, sheds and pens to accommodate 75,900 cattle, 300,000 hogs, &c.
In 1907 N. Y. Cent. & Hud. River RR. Interests
acquired the 46 miles outer
belt line of the Chicago Junction Ry.,
assuming the $2,500,000 bonds, and
giving $2,500,000 new bonds In payment.
V. 85, p. 159; V. 86, p. 664.
See Chicago Junction Ry. Government suit, V. 90,
p. 1615.
DIVIDENDS.—On pref., 6% yearly (Q.-J.).
On common, 1891, 10%;
1892 to July 1 1910, inclusive, 8%
yearly (Q.-J.).
V. 70, p. 328, 1038.
BONDS.—The collateral trust bonds are secured by pledge of
130,840
Coleman L. Nicholson.

■hares of the stock of Union Stock Yards & Transit Co.
Of the $14,000,000
4% bonds, $10,000,000 are reserved to take «p the collateral trust 5s.
See
V. 70, p. 1251; V. 72, p. 389; V. 86,
p. 664.
In March 1908 made $3,000,000
realty and Improvement 5% mtge
V. 86, p. 664, 1409; V. 90, p. 444.
Un. Stock Yards & Tr. Co. In 1910 Issued
$500,000 deb. 4 Hs. V. 90, p. 56.
REPORT.—Report for 1909 In V. 90, p. 444:
Year ending Dec. 31—
1909.
1908.
1907.
Dividends of U. S. Y. Co., &c_
$1,978,391
$1,914,489
$1,861,893
Balance previous year
1,843,943
1,545,328
1,314,025
General expenses, rents,
50,727
45,873
60,590
Interest on bonds
720,170
660,000
660,000
Dividends
910,000
910,000
910,000

$2,141,437

$1,843,943

$1,545,328

Un. Stk. Yds. & Ry.Co.—
1909.
1907.
1908.
1906.
Gross earnings$5,057,981 $5,202,471 $5,903,372 $5,471,866
Net earnings
2,148,494
2,189,924
2,226,687
2,039,9*2
DIRECTORS.—Nathaniel Thayer (Pres.), F. H. Prince (V.-P.). Geo. P.
Gardner (1st V.-P.), Gordon Abbott, E. N. Foss of
Boston; Guy Norman,
Newport, R. I.; John A. Spoor, Chicago; W. D. Guthrie, Wm. C.
Lane,
N. Y.; Samuel S. Dennis, Newark,
N. J.
N. Y. office, 25 Broad St.—
(V. 88, p. 560; V. 90, p. 55, 444, 1615.)

CHICAGO PNEUMATIC TOOL CO.—ORGANIZATION.—Incorporated

in New Jersey on Dec. 28 1901 as a consolidation.
Afterwards acquired
several properties.
In 1904 began to manufacture electric tools and In

1906 rock drills.




Mortgage assumed, $45,000.

Rate

When

%

Payable

Last Dividend
and

$9,571,000 6 In 1909
Q—J
6 g
2,500,000
J
&
5 g
3,500,000
J
&

Jan
Jan

8 In 1909
Q—J
6 in 1909
Q—J
5 g
J
&
4.000,000
A
&
M
1,225,000
&
500,000
J
&
4K
o

5,441,000
38,877,000
880,000
567,000
500,000
691,000

1,000,000
20,000,000

DIVS.—
Percent
In

M

5g
5g

F
F

&
&
&

are

Payable

66 Broadway, N Y
Illinois Tr & S Bk, Chic
Old Colony Tr Co, Boston

do

do

First Tr&Sav Bank, Chic
July25 *10, 1% Checks mailed
Dec 31 1921
Nat City Bank, N Y
June30 ’10, 2%
Dec 1 1923
New York and Chicago
July 15 *10, 2% Checks mailed
Aug 1*10,1 H%
do
do
do
Aug 1’10,1H%
do
Feb 20 1903
See text

Metropolitan Tr Co, N Y

A Feb 1 1943
A Aug 1 1934

Chase National Bk, N Y
New York Trust Co, N Y

Apr 1 1919
May 1 1951

Knickerbocker Tr Co,NY
Knickerbocker Tr Co,NY

5g

See text

Jan
Jan
Oct
Jan

5 g
6 e
4 g

(1902
t 6

1 1916
1 1910

Aug 1 1911
N May 1 1919

6 g
0

Dividends

S Mch 1 1928
J Jan 1 1920

6,485,800 See text
Q—J
1,792,000
J
&
J
5g
27,000,000 See text
Q—M
5,000,000
J
&
D
3,829,100 8 In 1909
Q—J
2,600,300 5 in 1909
Q—F
2,570,600 6 in 1909
Q—F
34,235.500
2.000,000
5 g
F
993,000
&
A
6 g

Places Where Interest and

July 1 1910, 2% Office, 25 Broad St, N Y
July 1 '10, lYi%
do
do
J July 1 1915
Central Tr, N Y; & Lond
O Apr 1 1940
Standard Trust Co, N Y

ie

437,000

Maturity

July 8*10, 1H% Office

6,500,000
6,500,000
10.000,000

1,000
1,000

Debentures of U. S. Leather Co. have sinking fund 4% of Issue
yearly
and are purchased or drawn at 110, $9,653,000 have been
certified, but In
Jan. 1910 only $3,585,000 outstanding.
V. 74, p. 732; V. 57, p. 23.

Balance, surplus

Amount

Outstanding

143

1903.

’04.

7H
H
July, 1%.

1
1
1
1

’10,1 M% Checks mailed
1917
Central Trust Co, N Y
1956
2397

’05.

° 3

’06.
4

F L & T Co &

’07. ’08.
4

0

Office, N Y

1909.
0

1910.
Below

1910, April, 1%;
EARNINGS.—For 3 mos. ending March 31 1910 (partlyestimated), gross
profits, $233,000, agst. $75,000 In 1909; deprec., $45,000; lnt. and
sinking
fund, $42:000; dlvs. (1%), $64,000; bal., surp., $82,000.
BONDS.—Of the bonds ($2,500,000 authorized), $2,300,000 has been

Issued, $508,000 redeemed by sinking fund of $50,000 yearly; mtge. trustee,
Lawyers’ Title Insurance & Trust Co., N. Y. V. 74, p. 208.

REPORT.—Report for year ending Dec. 31 1909, with balance sheet,
90, p. 500, showing: Net profits, $558,928; lnt. on bonds, $118,150; sink, fund, $50,000: depreciation. &c., $140,168; bal.. sur.,
$250,610.
OFFICERS.—-Chairman of Board, John R. McGlnley; President, W. O.
Duntley; V.-P., Charles Booth; 2d V.-P., G. A. Rees; Treas., Leroy
Beardsley; Sec. and Asst. Treas., W. B. Seellg. Executive Committee,
Joseph Mohr, Chas. M. Schwab, J. R. McGlnley, W. O. Duntley and W. A,
Mitchell.
Directors (April 1910), Chas. M. Schwab; J. W. Duntley,
W. O.
Duntley, J. R. McGlnley, W. A. Mitchell, A. W. Maconochle,
Joseph Mohr,
and Oliver Wren.
General office, Fisher Bldg., Chicago; N. Y. office,
50 Church St.—(V. 89, p. 1070; V.
90, p. 500, 561, 1104, 1241.)
CHICAGO (BELL) TELEPHONE CO.—Incorporated In Illinois Jan. 14
1881.
Operates In Chicago and neighboring towns under license from
Amer. Telep. & Teleg. Co., which owns $14,049,600 of the
$27,000,000
stock.
New franchise In Chicago granted Nov. 1907
expires Jan. 8 1929,
provides that 3% of gross earnings are to be
paid to city annually. City
may purchase properties Jan. 1 1919 or 1924 at price
5% In excess of cost
of duplication.
V. 85, p. 1211.
Stations Dec. 31 1909, 262,359.
DIvfDEISfi!)^.—For many years 10% yearly; since Dec. 1908 2% quar.
(stock dlv. Oct. 1908, 20%); 1909, 8%; 1910, March,
2%; June, 2%. .
BONDS.—Bonds authorized, $50,000,000. In 1908 $5,000,000 were
sold.
Additional bonds can be Issued since Dec. 1 1909 at rate of
$5,000,000
yearly. Amount of bonds cannot exceed 50% of total assets, nor more
than 60% of the real estate and construction accounts.
Subject to these
limitations, further amounts may be Issued up to 75% of the cost of Im¬
provements and extensions.
V. 87, p. 742, 1607.
REPORT.—Report for year ending Dec. 31 1909 In V. 91, p. 36, showed:
Gross earnings, $9,907,450; net, $2,220,708; dlvs.
(8%), $2,160,000; bal.,
sur., $60,708.—(V. 90, p. 449, 701; V. 91, p. 36.)
CLAFLIN (H. B.) COMPANY.—Incorporated under the laws of New
Jersey In 1890, and deals In dry goods.
Frontage of building 375 feet on
Worth St., New York City.
V. 71, p. 83.
Associated Merchants’ Co.,
controlled by United Dry Goods
Companies, owns $4,500,100 of the
$9,000,000 stock.
See those companies.
DIVIDENDS.—
(1893
1894 to April 1899
July 1899 to July 1910
Common (%)
\ 7H
6 (1 H Q.-J.)
8 yearly (Q.-J.)
REPORT.—Report for half-year ending June 30 1910, V. 91,
Net, $206,574, against $291,833 In 1909; Interest on 1st and 2dp. 156:
pref.,
$142,125; dlv. on com. (4%), $153,164; bal., def., $88,716. Reserve
for
common stock June 30 1910,
$1,776,500.
Profits for cal. year before deducting
In
any dlvs.
1909, $670,339; In
1908, $303,250; 1907, $959,274.—(V. 90, p. 561; V. 91,
p. 156.)
COLORADO FUEL & IRON CO.—A Colorado corporation formed In
October 1892.
In June 1903 Rockefeller-Gould Interests assumed
control.
V. 76, p. 1410.
Annual capacity of finished steel products to be 550,000
tons.
V. 73, p. 561; V. 75, p. 1149: V.
79, p. 736; V. 62, p. 461.
Under the reorganization plan of 1903 (V. 77, p. 2037,
2282, 2341; V. 79,
p. 736, 1267) the Colorado Industrial Co., whose entire capital stock Is
owned, created an issue of $45,000,000 consol, first mortgage guaranteed
bonds (see below; also full statement In V 80,
p 1726; V. 83, p. 378 )
BONDS.—The Col. Ind. guar. 5s ($45,000,000 authorized Issue) coverall
the property of that company and are further secured
by deposit of $13,061,000 of the $14,067,000 debentures of 1901 and entire Issues of securitiea
of subsidiary cos. named, viz., $4,500,000 bonds and
$100,000 stock of
Col. & Wyo. Ry.; $3,000,000 Rocky Mtn. Coal & Iron stock and
$331,200
stock and $160,000 notes of Crystal RIv.
Ry. The unissued bonds are ap¬
plicable as follows: Series "A” (limited to $14,067,000), $1,003,000 to
take up unexchanged convertible debentures; Series “B” (limited
to $30,932,000), $6,000,000 to retire gen. mtge. 5s of 1893.
V. 80, p. 1481, 1720
V. 83, p. 381, 326; V. 83, p. 377.
REPORT.—Report for 1908-09 In V. 89, p. 1663, showed
was In V.

Gross
Year ending June 30—
1909.
Fuel department
$7,889,910
Iron and steel departm’ts. 12,058,228
Retail department
396,492

—Net
1908.

$8,486,086
13,175,747
438,047

1909.

$994,975
2,105,293
16,561

1908.
■

$914,949
1,833,166
29,700

Total
$20,344,631 $22,099,880 $3,116,829 $2,777,816
Bal. to Inc. acct. after deducting gen.
expenses..$2,901,011 $2,553,367
Other Income In 1908-09, $445,761; Interest,
taxes, rentals,

fund, &c., $2,488,396; bal.,

sur., $858,376.

sinking

OFFICERS.—Pres., Jesse F. Welborn; V.-P. and Treas., L. M. Bowers,

Sec., Richard C

Hart.
Office, Denver, Col.
DIRECTORS.—Geo. J. Gould, E. T. Jeffery, J. H. McClement, Edwin
Hawley, Willard P. Ward, J. F. Welborn, L. M. Bowers, Frederick T.
Gates, Starr J. Murphy, H. E. Cooper, John D. Rockefeller Jr.,
Joseph
Chilberg and J. A. Writer.
Executive Committee, L. M. Bowers, F. T.
Gates, Joseph Chilberg, J. A. Writer, J. F. Welborn.—(V. 90, p. 1104.)
COLUMBIA GAS & ELECTRIC CO.—(V. 90, p. 239, 845.)
COLUMBUS & HOCKING COAL & IRON COMPANY.—ORGANIZA¬
TION.—Organized at Columbus, O., Jan. 26 1883 and owns large coal an!
Iron properties (13,250 acres of land) In Ohio. See
V.44,p.278; V. 63, p.559.
Reorganized In 1898 without foreclosure per plan in V. 65, p. 367, 976, In¬
terest being reduced from 6% to 5%—see end’t on
bond, V. 66, p. 81.
Columbfis-Hocking Oil & Gas Co., allied co., was organized April 1909.
V. 88, p. 1064.
On Jan. 25 1910 A. L. Thurman and win, A. Barbour were

appointed receivers of the Col. & H. C. & Iron Co. V. 90, p. 305.
Reorganization Committee.—A committee consisting of Frank B. Keech,
Alexander Gilbert and F. N. B. Close (Bankers’ Trust Co., N.
Y., deposi¬
tory), In May 1910 requested deposits of 1st M. 5s, 2d M. 6s, pref. and com.
stock and hopes soon to announce a plan of
reorganization.
In June 1910
more than a majority of all classes of securities had been
deposited. V. 90,
p. 1365, 1556, 1680; V. 91, p. 216.
STOCK AND BONDS.—Common, $7,000,000 (par $100);
outstanding,
$6,924,400: $56,700 reserved to retire $18,900 remaining 5% pref. stock.
V. 72, p. 1185.
The stockholders Mch. 30 1906 authorized $500,000 of 6%

144

[VOL. LXXXXl.

INDUSTRIAL STOCKS AND BONDS
MISCELLANEOUS COMPANIES

.

[For abbreviations, Ac.,

see notes on

Par
Value

Date
Bonds

first page]

Commonwealth Edison—Stock auth $40,000,000

Chic Edison 1st M g called par Apr 1911 option (V 91, p 40)
Commonw Elec 1st M \equally sec. by Comi
Commonw Ed 1st M___/ Elec M of 1898 f
Cons Cotton Duck Co—Pref (also assets) 6% cum $6,000,000
lit Vernon-Wood berry first mortgage gold $8,000,000-..c*
do
do
Income cumulative mortgage

19076-8

J Spencer Turner Co deb $2,000,000 gold p & 1 (red)
Consolidated Qas (N* Y)—Stock $100,000,000
Notes, secured by $6,250,000 New York Edison stock
„

1,000
1,000
1,000
100

1909

Bonds of Companies Controlled.
N Y Ed-N YG&ELH&PlstM $15,000,000 gQ.c*
Pur money M $21,000,000
gold sub to call to Feb ’02_Ce.c*
Edison El Ill N Y 1st con M $15,000,000 gold
Q.c*
Mt Morris Elec Light 1st M gold red at 105
See text
United Electric Light & Power 1st M $5,370,000
1
Equitable Gas Light cons (now 1st) M__Cel Assumed by
N Y A East River Gas 1st M gold.__G.c* \ New Amst
First cons M ($5,000,000) gold.
l
Gas Co.
K.c*J

When

%

Payable

6 in 1909
5 g
5 g
See text
5 g
5,705,000 See text
3 g
8,000,000

Q —F

A
O
A
S
M
A
S
A
A
o
M
A
s
J
A
J
242,000
F
A
A
6 g
1,637,000
99,813,000 4 In 1909 Q- -M 15
F
A
A
4
5,000,000

$5,335,000
8,000,000

50

1899
1899
1906

Rate

See text

$100
1,000
1,000
1,000

1896
1898
1898

Amount

Outstanding

A
M

((2)NE1)WNEW

Last Dividend
and Maturity

Aug 1 ’10,1 X%
Merchants' L A Tr Co, Ch
Apr 1 1911
Illinois Tr & Sav Bk, Chi
June 1 1943
do
do
June 1 1943
Oct. 1 ’09, 1% Continental Tr Co, Balto
do
do
Sept 1 1949
Jan 1 1950
paid January 1909
Office Turner Co, N Y
Feb 1 1926
June 15 ’10, 1% Office 4 Irving PI, N Y

Aug 10 1910

19078- (5()3U)NNIE4WESTADR
.

_

__

‘

Central Union Gas guar p & 1 N Y & East River
Standard Gas Light first mortgage $1,500,000 gold

Ce.c*

1

First collateral trust 10-year bonds.

1898
1899
1895
1890
1894

1894
1895
1898
1897
1890
1897
1900
1909
1904
1904

1,000

.

1,000

1,000
1,000
1,000
1,000
1,000
1,000
1,000 Ac
1,000
1,000
1,000
1,000
1,000

Cons Gas Elec Light & Power (Balt)—Common stock

100
100

—

pref. stock and $1,000,000 of 6% collat. trust and purchase money
mtge. bonds secured by $499,500 of the $500,000 Col. & Hock. Clay &
Brick Mfg. Co.’s stock and $1,000,000 of latter’s bonds secured by 1st mtge.
on over 2,984 acres of land and by a second lien on all the properties covered
by the mortgage of 1887, per plan In V. 82, p. 512. V. 82, p. 931, 1103,
1266, 1441; V. 83, p. 326; V. 86. p. 1045, 1527; V. 87, p. 1360; V. 88, p. 45.
DIVIDENDS on common stock, X% Dec. 1 1902; 1903, 1 X %: Mch.
1904, X %; none since to July 1910.
V. 78, p. 2387.
Dividends on new
pref., 1 X% each, paid quar. April 1907 to Jan. 1 1910, both Inclusive.
REPORT.—Report for year 1907-08, V. 86. p. 1527.
Yr. to Mch. $1. Gross.
Op. exp.
Net.
Charges. Pf.Div. Bal.,sur.
$864,759
$675,532
$189,227 $12U,U58
$12.9ft2
$47,187
603.820
464,151
74,699
139.669
64.970
Pres., Henry Stanley Haskins; V.-P., A. L. Thurman; Sec.-Treas.. F. J.
Shaffer, 37 Broad St., New York.—(V. 90, p. 1680; y. 91, p. 156, 216.)
COMMERCIAL CABLE CO*—See Mackay Cos. and V. 88, p. 999.
COMMONWEALTH EDISON CO.—ORGANIZATION.—Incor. Sept. 17
1907 as a consolidation, per plan V. 85, p. 162, 724.
Franchises expire 1947.
(Compare V. 67, p. 482; V. 79, p. 214, 272; V. 82, p. 1441; V. 86, p. 796.)
The Chicago Sectional Underground Co. Is leased, Its $227,400 4% bond®
guar. p. & I. by Chicago Edison Co. and Interest on $33,000 5s.
Economy
Light A Power Co. Is controlled (V. 88, p. 161). Ten-year-power contract
with Chicago City Ry. Oct. 1908, V. 87, p. 1013; contract with Chicago
Rys. for 6 years from Feb. 1908. V. 89, p. 350.
STOCK.—Nov. 9 1909 authorized an Increase In the stock from $30,000,000 to $40,000,000, of which $3,000,000 was offered to stockholders
pro rata at par, payable 25% each Feb. 1, May 2, Aug. 1 and Nov. 1 1910,
or optionally In full at any time from April 30, raising amount outstanding
to $33,000,000.
V. 89. p.472.1669; V. 90, p.561.
Dividends, 1 X% each,
paid Nov. 1 1907 to Aug. 1 1908 Incl.; Nov. 1908, 1H%; 1909, 6% (Q-F);
1910, Feb., 1H%; May, 1X%; Aug., 1X%.
BONDS.—Additional Commonwealth 5s of 1898 are Issuable for not
exceeding 75% of cost of extensions and improvements. V. 79, p. 214;
V. 83, p, 326; V. 85, p. 163; V. 88, p. 55, 103.
The holders of the $5,335,000 Chicago Edison 5s, which were called for
payment in April 1911, were given the option of exchange at par until
Aug. 15 1910 for Com. Ed. 5s and also the right to subscribe for about
$4,665,000 additional bonds at par. This will make about $29,500,000 of
the bonds outstanding (lncl. $8,000,000 Issued as Com. Elec, bonds).
The
Issue has been underwritten.
V. 90, p. 40.
Real estate mortgages
Sept. 30 1909, $130,000.
REPORT.—Report for year ending Sept. 30 1909, in V. 89, p. 1278,
Gross
Net
Fiscal
Fixed
Bai. tor
DietYear—
Earnings. Earnings.
Charges.
Divid'ds.*
dends.
..$10,639,446 $3,996,753 $1,609,757 $2,386,996 (6%)$1,800,000
9,500,907 3,126,329 1,268,626
1,857,703
(5%) 1,372,035
Pres., Samuel Insull.—(V. 90. p. 561; V. 91, p. 40.)
COMMERCIAL UNION TELEGRAPH CO.—Stock. $500,000 guar. 6%
(J. A J.) by Postal Telegraph Cable Co.; par of shares, $25.
CONSOLIDATED CAR HEATING CO.—Supplies steam and hot wate*
apparatus for heating railway trains and electric heaters for street cars, Ac.
V. 70, p. 232.
Stock, $1,250,000; outstanding, $1,130,400; par, $100.
non-cum.

...

..

f

*97 *98 ’99 ’00 ’01 ’02 ’03 ’04 ^05 *06 *07 *08 *09
1910
PerCt.J IX 3
4
7H65H 7
4
3
3 None (?)
6
3H
In June 1910 4% declared payable 2% each Aug. 1910 and Feb. 1911.
Pres., James H. Manning, office, 42 Broadway, N. Y.
Directors 1908
V. 85, p. 1648; V. 86, p. 1470.—(V. 86, p. 1470; V. 90. p. 1680.)
DIVS.

CONSOLIDATED COTTON DUCK CO.—ORGANIZATION.—Incor¬
porated In Delaware In June 1905, per plan In V. 80, p. 1916, and acquired
the U. S. Cotton Duck Corporation, owning 3 mills, and control of the
Mount Vernon-Woodberry Cotton Duck
Co.; total mills controlled,
20.
(V. 82, p. 625.)
In Oct. 1906 more than 93% of the $6,000,000
Mount Vernon-Woodberry Cotton Duck Co. (V 69, p. 129); total mills
controlled, 20 (V. 82, p. 625).
In Oct. 1906 more than 93% of the $6,000,000 Mount Vernon Income bonds had been acquired (V. 82, p. 626).
In Feb. 1906 acquired entire stock of J. Spencer Turner Co.. New York,
guaranteeing $2,000,000 6% debentures, of which $400,000 reserved for
future purposes.
V. 82, p. 336 754. 1104.
In June 1910 control. It was reported, was acquired by New York and
New England Interests associated with Vlce-Pres. Myron T. Taylor, about
$3,000,000 new capital to be obtained, of which $1,000,000 to be used to
pay the floating debt and $2,000,000 to be available for future purposes.
V. 90, p. 1556.
STOCK, Ac.—Com. stock, $7,000,000 (par $50); pref., 6% cum., see
table.
Bonds of Mount Vernon Co., $250,000; U. S. Cotton Duck Corp.,
$125,000.
DIVIDENDS.—On pref., 1906 to 1907, 6% yrly.; 1908, 5%; 1909, 2%
1910, April, none.
REPORT.—Report for year ending Dec. 31 1909 (V. 9,9. p. 845) showed:
Total Income, $7,635,379; def., $80,812; Interest on bonds of constituent
cos., $425,400; bal., def., $506,210.
DIRECTORS.—S. Davies Warfleld (Chairman), Thomas M. Turner
(Pres.), Charles K Oliver (V.-P.), David H. Carroll (V.-P.), George K
McGaw (V.-P.), E. Clay Tlmanus, Myron C. Taylor (V.-P.), William H.
Grafflln, W. J. Casey, Spencer Turner, G. Clem Goodrich, J. H. Wheelmight, E. A. Brlnckerhoff, Ralph C. Lupton, F. P. Carpenter, C. T. Gran¬
,

tham, J. B. Morrell and C. T. Revere.

Baltimore office. Continental Trust

Bldg.—(V. 89, p. 413, 467, 1544; V. 90, p. 702, 845, 916, 1556.)
CONSOLIDATED GAS OF NEW YORK.—This company was organized
Nov. 11 1884 as a consolidation, and In 1899-00 secured control of all
the other gas companies and of all the electric-lighting properties in Man¬
hattan, N. Y. City. New gas plant at Astoria, L. I., was put In partial oper¬
ation Dec. 3 1906. V. 78, p. 105, 1964; V. 79, p. 105, 629; V. 83, p. 1414;
V. 84, p. 219; V. 86, p. 282.
Stock holdings Dec. 81 1909, V. 89, p. 1664.
See separate statements following.
In 1906 a law was passed reducing the price in N. Y. City to 80 cents
1,000 cubic ft., beginning May 1 1906, except In outlying districts.
In Jan. 1909 the U. S. Supreme
2, p. 572, 807, 931; V. 90, p. 301.

«v

.

______

Court held 80-cent feature of law to be valid until given a fair trial, the de¬
posits to secure the 20 cents per 1,000 overpaid being returned to consum¬
ers.
V. 88, p. 103, 161, 233, 292, 297, 378, 689; V. 90, p. 301.

DIVS. I’®4 *0 ’•«

'99’00 *01 to’03

’04

’05

’06

'07’08

’09

4,838,000
3,500,000
3,500,000
1,500,000
10,635,000
3,500,000
1,195,000
1,250.000
5,916,000
See tixt.
10,000,000
2,500,000
6,300,034
700,000

J
F
J
M
J
M
J
J
J
J
M
M
J

A
A
A
A
A
A
A
A
A
A
A
A
A

D
A
J
S
J
S
J
J
J
J
N
N
D

Dec 1 1948
Feb 1 1949

July 1 1995
Sept 1 1940
July 1 1924
Mch
Jan
Jan
Jan

1
1
1
1

1932
1944
1945
1948

July 1 1927
May
1930
Nov 1 1927
Dec 1 1950
1919

National City

Bank, N Y

Guaranty Trust Co, N Y

Central Trust Co, N Y
Guaranty Trust Co, N Y
Central Trust Co, N Y
Union Trust Co, N Y
Central Trust Co, N Y

Guaranty Trust Co, N Y
National City Bk, N Y
H B Hollins A Co, N Y
do
do
Mercantile Trust Co, N Y
H B Hollins & Co, N Y
Trust Co of Amer, N Y

j

A
J July 1 2004
Central Trust Co, N Y
J
A
do
do
J July 1 1954
Seml-an Apr 27 ’10, 2% Checks mailed.
A
A
O Apr 1 1910,3% Checks mailed

In 1904 stockholders subscribed to $20,000,000 6% debentures at par.
but $19,813,000 were converted Into stock to Apr. 30 1910, when right to
V. 78, p. 1964, 2014, 2336; V. 86, p. 983; V. 87, p. 1161.
convert ceased.
In July 1909 $5,000,000 12-months' 4% notes were sold to provide for
the 5% notes maturing Aug. 10 1909.
V. 89. p. 289.
REPORT of legislative committee In 1905.
V. 80, p. 1854, 1858, 1910.
Report for year ending Dec. 31 1909, In V. 90. p. 301, showed: Net In¬
come, $7,204,881 (Incl. $230,513 Astoria L. H. A P. Co. surplus earns.,
$624,801 lnt. on Investment In that co. and $4,455,313 from other Invest¬
ments (compare V. 90, p. 562, and 1908 report, V. 89, p. 1664); Interest.

$473,998; dlvs. (4%), $3,987,565; bal., sur.. $2,743,318. Advances to
subsidiary and affiliated cos. Dec. 31 1909, $19,721,422.
For year ending June 30 1907 (V. 87, p. 1535), earnings were: Gross,
$12,403,018; net. $1,622,551; other Income, $2,416,640; interest. $911,254;
dividends (4%), $3,200,000; bal., def., $72,063.
OFFICERS.—Chairman, H. E. Gawtry; Pres., George B. Cortelyou
V.-Ps.. Walter R. Addtcks, Lewis B. Gawtry and Robert A. Carter; Sec..
R. A. Carter; Treas.. Jas. A. Bennett; Asst. Sec., C. C. Simpson; Asst.Treas.,
Ben/. Whltely. Trustees: H. E. Gawtry, John W. Sterling, W. Rocke¬
feller. Geo. F. Baker. F. A. Vanderllp, Samuel Sloan, Moses Taylor, W. R.
Addlcks, S. S. Palmer. A. N. Brady, Geo. B. Cortelyou, Walter P. Bliss ana
Louis M. Greer.
Office, 4 Irving Place.—(V. 90, p. 851, 916, 1104.)
AMSTERDAM GAS.
Incorporated Nov. 1 1897 and consolidated N. Y. A East River and
Eq. Gas Light, per plan V. 66, d. 133.
SECURITIES.—The stock authorized Is $13,000,000 of common stock,
$10,000,000 of 5% preferred, cumulative after Nov. 1 1900.
New consol.
5s for $1,365,000, preferred stock $1,000 000 and common $835,000 In
Jan. 1910 were In treasury available for future needs.
Par of shares $100.
The Consolidated Gas Co. owns $12,154,200 common and $8,991,300
preferred stock. V. 70. p. 897, 948,1052,1197,1252; V. 80. p. 1855. 2224.
For year ending Dec. 31 1909, gross, $2,550,989; def. after charges
$272,983. In 1908, gross, $2,499,959; net, $409,458; other Income, $147,567; lnt., $1,046,756; bal., def., $489,731.
YORK EDISON COMPANY.
Organized May 23 1901 as a consolidation of the N. Y. Gas A Else.
Light, Heat A Power Co. and the Edison Elec. Ilium. Co. of N. Y. Owns

large power plant located on 1st Ave., between 38th and 39th Streets.
V. 69, p. 704; V. 68. p. 1025; V. 70. p. 283, 482; V. 80. p. 1915; V. 84. p. 219.

Stock outstanding was $45,051,000, all owned by Consol. Gas Co.
V. 72,
In Mch. 1910 permission was given to Issue $5,102,400 additional
p. 1038.
stock to retire the $4,312,000 Ed. El. Ilium. 5% bonds due Mch. 1910 and
$988,000 Mt. Morris Elec. Light Co. 5% bonds due 1940, but subject to
call at 105, and $247,000 for extensions and additions, making a total of
$50,400,400 stock outstanding. V. 90, p. 562, 773. Dividends have been

paid quarterly: rate from Feb. 1 1907 to Mch. 1910, 6% yearly.

BONDS.—T*he first 5s of 1898 ($15,000,000) were secured by a first
lien on the company’s power plant and other property owned 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 Edison
Elec. Ilium, property, subject to bonds of 1890 and 1895, and by a second
mtge. lien on the remaining property of the Consolidated Co.
V. 72, p.

939,1038; V. 81, p. 35.
Real estate mtges., $174,000.
For year ending Dec. 31 1909, gross. $16,553,257; net income, after
charges, $4,719,807. In 1908, gross. $15,228,716; net Income $3,904,704;
dlvs. (6%), $2,703,060; bal., sur., $1,201,644; total surplus Dec. 31 1908,
$14,835,547. Notes, 6s, due Consol. Gas Co. Dec. 31 1908, $14,200,000.
(Compare year 1906-07, Consol. Gas Co., V. 87, p. 1535.).—(V. 61, p. 29.
35, 215; V. 90. p. 562.)
YORK MUTUAL GAS LIGHT CO.

Incorporated In New York April 17 1866 under special charter.

Stock

outstanding, $3,436,600, of which $1,886,200 Is held by the Consolidated
Gas Co.
Par of shares, $100.
,
DIVIDENDS— (1894-97 *98. ’99. ’00. 1901-05 ’06. ’07. ’08. ’09. 1910.
Since 1893 (J.AJ.)\9 yearly 8
7
3
9 yearly 7
6
6
6
6
For year ending Dec. 31 1909, gross, $1,519,201; net Income, $366,200.
In 1908, gross, $1,475,629; net Income, $211,879; dlvs. (6%), $206,196;
bal., sur., $5.683.—(V. 90. p. 702.)
GAS LIGHT CO.
Organized In 1886. Owns 160 miles of gas pipes north of 13th St., N. Y.
The Consolidated Gas Co. owns $4,796,200 or the $5,000,000 common and
$4,096 100 of the $4,295,700 pref.
blVS.— ’95 ’96 ’97 *98 ’99 *00 ’01 1902-05 *06 07 ’08 ’09. 1910.
0
Common. %1
0
4
5850
26 yearly 1H 0
6
6
Preferred % bX 4X 6
6 June,8
8 6
2X 6 6 yearly 6
net
For year ending Dec. 31 1909, gross, $1,666,623;
Income, after
other
In¬
$246,481;
charges, $414,485.
In 1908, gross, $1,634,469; net.
come, $39,681; lnt. on bonds, Ac., $59,750; pref. dlv. (6%), $257,742; bal.,
def., $31,330. (Compare year 1906-07, Consol. Gas Co., V. 87, p. 1535.)
Office Third Ave. and 49th St.. N. Y.
V. 82. p. 1383; V. 83. p. 1527.
ELECTRIC LIGHT A POWER CO.
Stock, $5,346,000 (of which $1,649,500 pref.), mostly owned.—V. 79,
p. 40; V. 80. p. 1856; V. 87, p. 1$35.
(6) CENT. UNION GAS CO.—V. 80, p. 1855; V. 87, p. 1535.
(7) NORTHERN UNION GAS CO.—V. 80, p. 1855; V. 87, p. 1535.
(8) WESTCHESTER LIGHTING CO. (N. Y. A Westchester Light Co.)
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. 160, 217, 504, 1706. In 1909
--

Krmisslon
wasstock,
obtained
to $500,000
purchase Peeksklll
the $804,000
Northern
Westchester
ghtlng Co.
all the
A RR.
common
Lighting

stock and $215,000 Northern Westchester Lighting Co. 1st consols, and to
Issue $580,000 10-year 5% first collat. trust bonds to acquire said stocks.
V. 87, p. 617; V. 89, p. 108, 1486.

BONDS.—The

general mtge. bonds of 1904 ($10,000,000) bear Interest
sliding scale, beginning at X of 1% (first coupon July 1905), and rising
to 4% from July 1 1914, to maturity, except about $2,500,000 which have
additional coupons attached making them straight 4% bonds.
All are
subject to call since July 1 1905 at par and Interest. V. 79, p. 1706.
1957.
They are guaranteed, principal and Interest, by the Consolidated
on a

1910

Percent./ 8 yearly 5 H 6
8 yearly 8 X SX
5
4
4
4 ToJ’ne,2
STOCK, Ac.—In 1900 stock Increased from $39,078,000 to $54,595,200,
and In 1900-03 to $80,000,000, to complete the control of the gas and electrto-light business In Manhattan, to provide for Improvements, Ac. V. 77,
p. 300.
In 1904 the authorized Issue was Increased to $100,000,000, to
provide tor convertible feature of new debentures. V. 78, p. 1964.




15,000,000
20,929,884
2,188,000
988,000

s g
4 g
3 g
3 g
5
3 g
3 g
3 g
3 g
3 g
3 g
5 g
5 g
5
See text
3 g
See text
6 In 1909

Places Where Interest and
Dividends are Payable

Bonds (V. 81, p. 1609)—
Interest.
Outstanding. Maturity.
New York A Suburban Gas 1st M.l 5 g M A S
a$343.000 Mch. 1 1949
g. guar, pAl, by Am Gas Co
/Subj to call at 105A nt since Mch 1*09
Hudson River Gas A Elee 1st M
5 M A N
b250,000 May 1 1929
White Plains Lighting 1st M
5
335,000 June 1 1939

July. 1910




INDTTSTRTAT, STOPiKS

ANTI

RONTTS

146

[Vol. LXXXXI.

INDUSTRIAL STOCKS AND BONDS.
MISCELLANEO US COMPANIES
see notes on first page]

Date
Bonds

[For abbreviations, &c.,

Cons Gas El Lt & P (Balt)—Concl—Pret stk 6 % cum red 120
Edison & Brush Companies’ bonds
United Electric first consolidated mortgage $4,500,000 g-C*
General mortgage $15,000,000 gold
--CoBa.c*
Consolidated first mortgage gold $3,400,000
MeBa.c*
Consol Gas (old) gen M gold, text
c*
Secured 3-year gold notes $4,000,000 red par
CoBa.c
Baltimore Electric mtge $7,500,000 gold guar prin & int__
Preferred stock 5% guaranteed
Consolidated Tobacco—See American Tobacco Co
Consolidation Coal—Stock authorized $20,000,000
First mtge $750,000 gold s f redeem each Jan at 105
G
Refunding mtge $7,500,000 auth gold s f red 105__.S.c* &r
Kentucky 1st M $3,000,000 gold sink fd red 105.FBax.c*&r
Corn Products Refining—Common stock $50,000,000
Preferred stock 7% cum also as to assets $30,000,000
Debentures $2,843,000 gold sinking fund drawn per text..
First mortgage $10,000,000 gold sink fund red 105
xc*
Nat Starch debs gold guar
Fc*
Unassumed Bonds of Allied Companies.
United States Sugar Refinery gold first mortgage
N Y Glucose Co first mtge $2,500,000 gold s I (see text)..
Granite City Mfg Co 1st M gold
Crucible Steel Co—Common stock authorized $25,000,000—
Preferred 7% cumulative $25,000,000 authorized
Crystal Park—1st M gold s f call 105 conv com stk
S
Cumberland Telephone & Telegraph—Stock
a $491,000 additional held by trustee of National Starch de
—

Par
Value

$6,360,054 6 In 1909 A

19,026,000 See
421.000

1,000
1,000
1,000
text
100
100
500
100

1908

Q—J
&
&
&

_

See

6

J
g
text

Feb

New York and Baltimore
Farm & Merch Bk, Balt

14 1935

July 1 1939

Fidelity & Dep Co, Balt
Continental Tr Co, Balt
Northern Trust Co, Phlla

Apr 1 1954

July 1 1913
June 1 1947

July 1’10 2 X% Checks mailed

July 30’10

Dec

1 1921

Sept 1 1926
Nov 1 1913

See text
J Jan 1 1919

&

Q—J

Places Where Interest and
Dividends are Payable

Apr 1 1910 3% Checks mailed
1910, 1916 &’24
Alex Brown & Sons, Balt
May 1 1929

J Jan 1 1922
N May 1 1934
D Dec 1 1958

J
6 g
&
D
a&09,000
6 g
M
&
S
1,635,840
6
M
&
N
300,000
24,578,400
24.436.500 See text Q—M

1,000
See

text

4X g J
4H g M

Last Dividend
and Maturity

IX Guaranty Trust Co, N Y

5,133,000
5 e
J
3,000,000
49.756.500
29,817,600 See text
Q—J
July 11 '10 1%
5 g
M &
N Nov 1 1931
1,815,000
5 g
4,960,000
M
&
N May 1 1934
&
J
J July 1 1930
5,281,000
5g

100
100

1901
1904

O

Is

100

1907
1909
1910

&

81,500 Various
Various
4 X g M
&
4,243,000
N
&
J
9,832,000
4H g J
5 g
3,400,000
J
&
J
2,969,000
4H g A & O
5 g
J
&
J
4,000,000
&
J
D
3,721,000
J
&
J
1,000,000

1,000
1,000
1,000 &c

1897
1904
1909

do
do
Standard Trust Co, N Y

Guaranty Trust Co, N Y
Title Guar & Tr Co, N Y
do
do

Bost
Kings Co Trust Co, Bklyn
Franklin Bank, St Louis

Intemat Trust Co,

Checks mailed fr Tr office

Standard Trust Co, N Y

July 1 1910 2% Checks mailed

bentur es

DIVIDENDS.—DIv. on prior Hen pref. stock, 3%, paid Feb. 16 1906;
Oct. I 1906,at therateof6% from Feb. 14 tothat date: 1907 to Apr. 1910,

On pref. (not prior lien), 1 2-3%, covering period from June
Apr. 1910, 6% yearly. On common, 2% (semlenn.) paid April 27 1910.
BONDS.—Of gen. 1st AXs of 1905 ($15,000,000 auth.). $5,168,000 Is
reserved for future purposes. V. 80, p. 1731, 714, 1481; V. 88, p. 233;
6% yearly.

20 to Oct. 1 1906; 1907 to

V. 91, p. 41.
Of the 50-year gen.4

of 1904 of Consol. Gas Co., $6,544,000 have been
issued; Fidelity & Deposit Co. of Maryland, trustee.
This Includes $3,037,000 deposited as part collateral under the 3-year 5% notes of 1910.
No
further bonds can be Issued except $3,400,000 reserved to retire the 5s due
1939. V. 78, p. 1964, 2014, 2331, 2387; V. 79, p. 1643; V. 88, p. 103; V. 90,
p. 1173, 1493; V. 91, p. 41.
The $4,000,000 3-year 5% notes of 1910 Issued to retire the $3,584,500
Consolidated Gas Co. 6s due July 1 1910 and for other purposes are secured
by $3,037,000 Consol. Gas gen. 4 %s of 1904, $1,722,000 Consol. G. El. L.
& P. gen. 4 Xs of 1905 and $452,000 Balt. Elec. 5s.
V. 91, p. 41.
The Baltimore Electric Co. 5s ($7,500,000 authorized Issue; Northern
Trust Co. of Phlla.. trustee) are secured by a lien on the property and
on $849,000 gen. mtge. bonds; $3,550,000 are reserved for extensions at
80% of cost.
V. 85, p. 598; V. 87, p. 741; V. 88, p. 103.
REPORT.—For year ending April 30 1910, gross Income, $4,637,704;
net, $2,394,902; fixed charges, $1,375,732; bal., sur., $1,019,170.
Years
ending June 30:
Net
Fixed
Balance
Preferred
Balance,
Year—
Earnings.
Charges.
Dividends.
Surplus
for Divs.
1908-09
$2,202,744 $1,374,547
$828,197
(6%)$423,600 $404,597
1907-08
1,870,085
1,234,586
635,499
(6%) 423,600
211,899
OFFICERS.—Chairman of Board, S. Davies Warfield; President, Ferdi¬
nand C. Latrobe; Asst. Gen. Mgr., Wm. Darbee; Treas., J. L. Bailey;
Asst. Treas., R. F. Bonsall; Sec., Charles M. Cohn.
Directors, V. 82,
p. 1442.—(V. 90, p. 375, 979, 1046, 1173, 1493, 1557; V. 91, p. 41.)
CONSOL. GAS. PITTSBURGH.—See PIttsb. in “Electric Ry. Section.”
CONSOLIDATED TOBACCO CO.—See American Tobacco Co.

CONSOLIDATION COAL CO.. MD-Inc. In 1860.
In May 1906 the $5,853,200 stock owned by B. & O. was acquired by a syndicate. V. 82, p.1043.
Coal mined In 1909 was 1,649,457 tons, In 1908 was 1,748,233 tons. Owns
$1,500,000 stock of Cumberland & Penn. RR. (which see) and guarantees Its
$1,000,000 bonds. Early In 1909 acquired all the minority stocks of Fair¬
mont Coal Co., Somerset Coal Co., Clarksburg Fuel Co. and Pitts burgh &
Fairmont Fuel Co., uniting under one ownership about 210,337 acres of land
In Maryland, West Virginia, Kentucky and Pennsylvania. V. 88, p. 1256,
1375.
Also owns majority stock of Northwestern Fuel Co/, owning large
docks at Washburn, Green Bay and Superior and yards at St. Paul and
Minneapolis.
In Nov. 1903 $501,100 of the $1,000,000 Metropolitan Coal
Co. stock was purchased. V. 78, p. 1271; V. 79, p. 502; V. 88, p. 1200.
In
1909 acquired property of Portsmouth Coal Co., Portsmouth, N. H.
In
April 1907 control of the Northern Coal & Coke Co. was acquired by allied
Interests.
V. 84, p. 1055.
Of the $7,500,000 refund. 4 Xs of 1904, $5,133,000 has been Issued to pay
for properties acquired, $226,000 has been purchased by the sinking fund,
$1,750,000 Is reserved to retire the 4^s due 1922 and $1,000,000 Cumber¬
land & Penn. 5s due 1921, and $391,000 for future requirements; sinking
fund, 3c. per ton of coal mined.
The stockholders In June 1909 authorized an Issue of $3,000,000 5%
bonds secured by first mtge. (on Kentucky property only) to the
Fidelity
Trust Co. of Baltimore as trustee, covering about 30,000 acres of coal land
In the Miller’s Creek region In Kentucky; sink, fund 3 cts. per ton mined.
V. 88, p. 1502, 1623; V. 90, p. 846, 1298.
DIVIDENDS (%)— ’89 to '03
’04-’05. *06.
’07.
*08. ’09.
1910.
Since 1888, regular
2 yearly. 4 y’rly. 10X
6
6
6ToJly,4H
2

Payable

100

on

2

When

%

$100

CONSOLIDATED GAS, ELECTRIC LIGHT & POWER CO.. BALTI¬
MORE.—ORGANIZATION.—Formed on Feb. 14 1905.
In June 1906 the
Consolidated Gas Co. of Baltimore, about 61% of whose $10,770,968 stock
was previously owned, was merged per plan V. 82, p. 1441.
Price of gas
reduced to 90c. per 1,000 cubic ft. on July 1 1910.
V. 90, p. 1046. Has
contract with Pennsylvania Water & Power Co., plant building, which, with
Interests Identified therewith. In June 1910 acquired a large but not con¬
trolling Interest In the stock. V. 84, p. 627; V. 85, p. 163; V. 90, p. 377, 1557.
In May 1909 proposed to supply natural gas at an expenditure of $1,000,000
to $2,000,000 from fields owned by other interests. V. 88, p. 1375, 1256.
In 1907 the entire $2,500,000 Baltimore Electric Co. common stock was
acquired at $10 per $50 share, through acquisition of the stock of the Mary¬
land Securities Co., the property being leased for 999 years from Nov. 20
1907, the rental providing for interest on the $3,063,000 5% bonds and
dividends on the $1,000,000 5% pref. stock.
V. 85, p. 1341; V. 86. p. 112.
On April 1 1910 laws were signed repealing Acts securing a monopoly to
the company In Baltimore and vicinity.
V. 90, p. 979.
STOCK.—Rights of pref. stock, see V. 82, p. 1441.

In'stock.

Rate

1,000
1,000
1,000
1,000

1899
1905
1888
1904
1910
1907

(a) V. 68, p. 474; V. 70, p. 844.
(b) V. 68, p. 824; v. 70, p. 844.
For year ending June 30 1905, gross, $1,259,841; not, $569,931; lnt.
on bonds, $509,238; bal., sur., $60,693.—(V. 88, p. 103. 156 161. 233.)

Extra In January
Also May 1 1909, 60%

Amount

Outstanding

2

None

BONDS.—Of the

N. Y. Glucose 6s, 4% of each bond ($40) Is retlrable
p. 1086.
July 1910 new Nat. Starch debs, guaranteed by Corn Products Re¬
fining Co. were being Issued per plan of April 8 1910 to the amount of 5-6 In
exchange for $3,608,000 Nat. Starch debs, and $2,729,000 Nat. Starch Mfg.
1st M. bonds, Interest on which had been defaulted July 1909 and Nov. 1909
respectively. V. 90, p. 1173.
Of the debens., $3,548,000 and of the 1st M.
bonds $512,000 were In Nov; 1909 In the hands of the public and $60,000
and $2,217,000 respectively held by the Corn Products Ref. Co.
The Corn Products Refining 25-year 5% debentures have a sinking fund
of $114,000 payable Nov. 1 annually for redemption of bonds by lot at par.
They are to be secured by any new mtge. of the Refining Co. other than a
purchase money mtge.; Title Guarantee & Trust Co. of N. Y., trustee.
V. 83, p. 820; V. 85, p. 527.
The 1st 25-year 5s of 1909 ($10,000,000 auth. issue) are secured by a first
lien on all the property of the company and its subsidiaries now owned or
hereafter acquired (except certain real estate In Chicago no longer needed),
subject only to $1,726,720 N. Y. Glucose and $300,000 St. Louis Syrup &
Refining bonds. Annual sink, fund of 2% of total at any time Issued may
be used to draw bonds at 105 and lnt.
Of the bonds $5,000,000 have been
sold, $1,989,000 were reserved to retire debentures and remainder to retire
$2,026,720 underlying bonds and for Improvements. V. 88, p. 1064, 1256,
1439; V. 90, p. 845, 846.
REPORT.—Report for year ending Feb. 28 1910 was In V. 90, p. 845,
1294, showing; Total Income, $3,574,481; lnt., taxes, Ins., sink, fund, &c.,
$944,998; profit-sharing reserve, $175,000; dlv. on pref. stock (5%), $1,500,000; depreciation, $382,547; balance, surplus, $571,936.
DIRECTORS.—E. T. Bedford (Pres.), W. J. Matheson (V.-P.), F. T.
Bedford, E. B. Walden, Chas. M. Pratt, J. A. Moffett, George M. Moffett,
F. T. Fisher, C. H. Kelsey, James Speyer, C. M. Warner, G. S. Mahana,
T. B. Klngsford, J. B. Relchmann and A. B. Boardman.—(V. 89, p. 106,
780, 1225, 1413, 1670; V. 90, p. 845. 851. 1143, 1294.)
(WM.) CRAMP & SONS’ SHIP & ENGINE BUILDING CO.—Incorpo¬
rated In Pennsylvania Mch. 26 1872. Properties owned, V. 78, p. 46; V. 90
p. 916.
In March 1910 acquired control of the Federal Steel Castings Co.
of Chester, Pa.
V. 90, p. 916.
STOCK.—Stock, as Increased 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 George F. Baer, Phlla., and
Geo. F. Baker, N. Y.
V. 76, p. 921, 975, 1087; V. 78, p. 46.

1 yearly beginning 1902, but they are not sub. to call. V. 74,
Sept.
In

.

DIVIDENDS.—\

1892.

’93. ’94. ’95. '96. '97. ’98. ’99. ’00. ’01. ’02.

Per cent
J8&20scr.
10
18
7
None IX
5
5
5 3 X
No dividends since to July 1910.
V. 75, p. 1256.
BONDS.—The 5% serial notes ($3,650,000 outstanding) mature part
Jan. 1 and July 1, semi-annually, viz.: $110,000 to July 1913, then
$140,000 for 5 years, then $170,000 for 5 years, but subject to call at
102 X; 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. The company offered
to anticipate payment of the $110,000 notes due Jan. 1 1911. V. 90, p. 1616.
First mtge. gold 5s of 1899, $1,225,000 (lnt. M. & S.), due Mch. 1 1929, but
subject to call $25,000 yearly Jan. 31 at 110 for a sinking fund.
Real estate
mtges. Apr. 30 1910, $579,912, V. 67, p. 1310; V. 68, p. 383; V. 78, p. 46.
REPORT.—Report for 1909-10 In V. 91, p. 92, showed: Net earnings
(Incl. subsidiaries), $716,142; charges, $289,714; bal., sur., $426,428.
In
1908-09, net, $747,950; charges, $301,797; bal., sur., $446,153.
Chairman
of Board, Charles H. Cramp; Pres., Henry S. Grove; V.-P. and Gen. Mgr.,
H. W. Hand.
Directors June 1907, V. 85, p. 43. Office, Philadelphia.—
(V. 89. p. 37; V. 90. P. 916. 1616; V. 91. p. 41. 92.)

CRUCIBLE STEEL CO. OF AMERICA.—ORGANIZATION.—Incor¬
porated on July 21 1900 under the laws of New Jersey to consolidate 13
properties. V. 71, p. 32; V. 73, p. 842; V. 84, p. 573.
In May 1904 the Clalrton 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% bonds.
The Crucible Co.
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.
DIVIDEND—
1 ’01. *02. ’03. *04. ’05. ’06. ’07. ’08.’ 09.
1910.
On preferred
1
6 5X 0
%) 7
7 5K 0
5X
Below
In l910, Mch., IX%". June, 1X% and X% and 10% In 3% Interest

bearing scrip

on

account of accumulated

dividends, payable annually and

redeemable at any time up to June 30 1920, leaving 16% overdue. V. 90,
p.

1616.

EARNINGS.—For 9 mos.ending May 31 1910, net, $3,890,952; deprec.,
&c., $969,088; reserve for contingencies, $89,647; net profits, $2,892,217,
agst. $1,408,052 In 1908-09.
V. 90, p. 1680.
REPORT.—Year ending Aug. 31 1909, V. 89, p. 915, showed gross earn¬

ings, $12,121,651; operating charges, $9,917,908; provision for revision of
inventory values and contingencies, $208,335; net mfg. income, $1,995,408;
other Income (net), $19,518; dlvs. (2X%), $549,821; bal., sur., $1,465,105.
Pres., Herbert Dupuy; Treas., G. A. Turviile; Sec., Charles W. Rowlands.
Office, Frick Bldg., Pittsburgh, Pa.—(V. 90, p. 773, 1616, 1680.)
CRYSTAL PARK CO.. COLORADO SPGS..COL—See Jan. 1910 Section.
CUDAHY PACKING CO.—(V. 89, p. 166, 222; V. 90, p. 305, 375.)

CUMBERLAND TELEPHONE &

TELEGRAPH.—(.See Map.)Incor-

~•—*n Mch. 1909 the auth. stock Issue was increased to $20,000,000, $6,150,000 being Issued as a 60% stock dlv. and $2,626,000 sold at par
to provide part cost of minority stock of Fairmont and Somerset Coal com¬
panies. V. 88, p. 750, 1256, 1375.
REPORT.—For 1909, V. 90, p. 846, Incl. Fairmont and Somerset Coal
oompanles, whose minority stocks were acquired In 1909, and other sub¬

exclusive
license
Sorated
In Ky. In
1883
and operates
under perpetual
American
Bell
Co. through
the entire and
States
of Mississippi
Telephone

Year.
Gross.
Total Net. Chges.,&c. BalJorDiv.
Dividends. Bal..Sur
1909.$10,223,087 $3,081,(197 $1,589,238 $1,491,959 (6)$1,009,883 $482,076
1908.
9,682,301 3,086,414 1,544,412 1,542,002
*1,060,000 482 002
•

Also a special distribution of 2% In stock of Amer. Tel. & Tel. Co. Oct. 1
V. 89, p. 667.
1909.
BONDS.—These oonslst of $759,000 first 5s (see table above); $239,000
20-year deb. 5s (lnt. F. & A.) due Feb. 1 1920, but redeemable at par.
EARNINGS.—5 mos.,(1910
Gross, $2,800,846; net, $1,204,209

sidiaries.

Includes 8% on Consol. Coal and 2% on Fairmont Co. stock
—(V. 88, p. 1256, 1315, 1375, 1502, 1623; V. 90, p. 773, 846, 1298.)

CORN PRODUCTS REFINING CO— ORGANIZATION.—Incorp. Feb.6

1906 per plan V.82,p. 103, 1321; V.85,p.527; V. 86, p. 1412; V. 87. d. 42
flee application to list, V. 90, p. 845.
v
Total capacity of all plants. Including those not operated, about 235 500
bu. dally.
V. 82, p. 1321. Competition, see V. 83, p. 689; V. 88, p. 1623
New plant completed April 1910, 15 miles from Chicago, capacity 60.000 bu’
dally. V. 84, p. 696; V. 87, p. 938; V. 88, p. 928, 1623; V. 90, p. 845.
PREF. DIVIDENDS.—
1806. 1907. 1908. 1909. 1910.
Regular (%)
2
7
4
4 To July, 3
Extra In April (%)
1
l
i




•om

and Louisiana, the greater parts of Tennessee and Kentucky, and a few
counties in Indiana and Illinois.
American (Bell) Telephone & Telegraph
Co. owns about 53% of the stock. Subscribers Jan. 1 1910, 206,287.
DIVID’S.— \’92 to ’97. '98. ’99. ’00. ’01 to July'08. Since to July,’
Per cent
J 4 yearly.
5
6
6
(7 (Q-J).
2 (quar.)

Jan. 1 to May 31.
(1909
Gross,
2,643,847; net,
1,129,722
Surplus over charges, $964,898, against $715,443 In 1909.
REPORT.—Report for year 1909 In V. 90, p. 501, showed:
Gross, $6,615,368; net above fixed charges, $2,156,847; dlvs. (8%), $1,574,412; bal.,
sur., $582,435.
Offices, Nashville, Tenn.—(V. 90, p. 501; V. 91, p. 97.)
DELAWARE LACKAWANNA & WESTERN COAL CO—Incorporated
In New Jersey on July 2 1909.
Purchases coal produced by the D. L. & W.
RR. In Pennsylvania for 65% of the market value at time of sale (N. Y.
tidewater price), assuming all transportation charges from the mines
Stock, $6,800,000, the D. L. & W. RR. stockholders having used half of
the special dividend paid them July 20 1909 in subscribing for the same.

July. 1910.)

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES

[For abbreviations, &c., see notes on first page]

Date
Bonds

Cumb T & T (Concl)—First MSI ,000,000 g: s f (other see text) 1898
Denver Gas& El Lt—1st & ref M $25.000.000 g red 105sf_Ba 1909
Denver Onion Water Co—First mortgage $8,000,000 goid___ 1894
South Platte Can & Res 1st M gold gu (end) red (text) ___G 1903
Detroit City Gas—Stock $7,500,000
Prior lien mortgage $6,000,000 gold
N.c*
1903
Detroit Gas consol mortgage for $4,000,000 gold—G.cAr 1903
Detroit City Gas gen mtge $10,000,000 gold (see text)__Eq
1903
Detroit Edison—Stock $6,000,000 authorized
First mortgage $10,000,000 gold
S.c* 1903
Debentures $1,000,000 convertible since Sept 1908
1906
Debentures $3,000,000 convertible redeemable text.__xc*
1910
Eastern Michigan Edison first mtge $10,000,000 g guar.Ta 1906
Detroit Mackinac & Marquette RR Land Grant—Income bds
Diamond Match—Stock $16,000,000 (listed In Chicago AN Y)
Coupon gold notes redeemable at 101, due $500,000 yearly 1908
Distillers’ Securities Corp—Stock one class $32,500,000
Coll trust M $16,000,000 g conv call 105 since 1908 (text) _c* 1902
American Spirits Mfg 1st M gold call at 105 s f 5%— Ma.c*
1895
Dominion Coal—Common stock $15,000,000
Pref 7% cum convertible red at 125 (V. 80, p. 1732)
1st M g sink fund, $79,000 yrly begins 1911; call 105
1905
Dominion Iron & Steel—Pref stock 7% cum convertible
1st mtge gold subject to call at 110 sink fund
1899
Consolidated mortgage $20,000,000 auth redeemable 105
j 1909
Dominion Steel Corp—Stock auth $35,000,000
1
Duluth Edison Elec—Com stk $1,000,000 auth (V 86, p 1533) i
Pref stock $1,250,000 auth (also as to assets) 6% cured. 120
First mortgage $2,000,000 gold redeem 105 sink fund._OB 1906
(E I) du Pont de Nemours Powder—Com stock ($30,000,000)1
V. 89.

Par
Value

100
100

1,000
100

$100.

BONDS.—The “first and refunding” 5s of the proposed Denver Gas &
El. Light Corp. are callable at 105 in any amounts on any interest
An¬
day.
nual sink, fund, beginning 1910, an amt. equal to 1% of
outstanding bonds.
Of the 1st & ref. 5s, $8,900,000 can be used to retire $8,000,000 D. G. A E.
bonds and $900,000 Lacombe Electric bonds.
V. 90, p. 112.
Denv
G. A
E. gold 5s, $8,000,000 auth., of which $6,992,900 out¬

standing ($100, Ac., each), dated May 1 1903, due May 1 1949, but subject

to call 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 lnt. day thereafter at
105; int.
M. A N. at Emerson McMlllIn A Co., New York; Trust Co. of America,
trustee.
See V. 82, p. 103.
V. 86, p. 983.
Of the gen. 5s, sufficient are
reserved to retire $936,600 Denver Consol. Gas 20-year gold 6s. due Nov. 16
1911, lnt. J. & J.. at Emerson McMlllIn A Co., N. Y., subject to call at 105.

EARNINGS.—Report for year ending May 31 1909 was In V. 88, p. 1311.
Earnings of old co. for calendar year 1909 were: Gross, $2,439,885; net,
$1,082,579; int., $414,036; divs. (6%). $210,000; bal., sur., for year, $458,543; total sur., $1,631,958.
Pres.. Henry L. Doherty, 60 Wall St., N. Y.
—(V. 90, p. 112, 449; V. 91, p. 156.)
DENVER UNION WATER.—A consolidation Oct. 1894. Franchises
expired April 10 1910.
The electors on May 17 1910 voted to make an offer
to purchase the plant or build new city plant.
The city’s offer to purchase
was declined in June 1910.
V. 90, p. 1298, 1493, 1616.
Stock, $5,000,000
common and $2,500,000 5% non-cum. pref.
Dividend on common and
pref. stocks of 5% paid Apr. 10 1905, Jan. 2 1906 and Jan. 2 1907 5% each
at Farmers’ Loan A Trust Co., N. Y.
Bonds, $8,000,000.
The South
Platte Canal & Reservoir Co., whose stock is all owned, completed a new
reservoir in 1904; its $4,000,000 authorized 5% bonds are guaranteed; the
latter are subject to call at 105 between April 10 1910 and April 9 1911.
V. 79, p. 231, 289.
See table above.
Pres., D. H. Moffat: Treas., F. G.
Moffat.—(V. 90, p. 1616.)

DETROIT CITY GAS.—Organized In Mch. 1898 and owns all the gas
properties In Detroit, Mich. Has a franchise till 1923. In 1906 the Amer.
Light A Traction Co. acquired about 97% of the stock. V. 82, p. 283, 989
STOCK.—Auth., $7,500,000; outst’g. $6,580,000, $1,580,000 being
V.87,p. 1666. Divi¬
dends, 2H%. 1899; 1900, 5%; 1901, May, 2H%; in 1903, 5% in6% ctfs.,

subscribed for In Dec. 1908; par, $100. V. 88, p. 103;

1904;
1904,
in 1905,
6%; In 1906V.and
RaidInDec.
5%;2%
not made puband In
Dec.
Sept,
1908,
each declared.
87, 1907,
p. 1666.
c;

re¬

tire the outstanding 5s of 1893.
Prior lien bonds are subject to call 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 Is¬
sue, $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 new bonds due July 1
1923, subject to call at 105; balance matures July 1 1923.
V. 77, p. 253;
V. 78, p. 822.
Statement to N. Y. Stock Exchange, V. 79, p. 102.

OFFICERS.—President, Emerson McMlllIn, New York; Gen. Mgr., Irvin
Butterwood, Detroit, Mich.—(V. 82,p.283,989;V. 87, p. 1666; V. 88, p.103.)
DETROIT EDISON CO.—ORGANIZATION.—Incorporated in Jan
1903 and absorbed the Edison
Illuminating Co. of Detroit and Peninsular
Electric Light Co.; does entire electric-light business In city.
V. 76, p. 215.
Owns entire stock of Eastern Mich. Edison Co., having electric-light
prop¬
erties outside of Detroit, whose bonds are
guaranteed.
V. 84, p. 751;
V. 90, p. 1616.
Controlled by North American Co Interests.
Stock auth., $9,000,000, as
Increased Feb. 1910; Issued, $5,000,000, remainder
being reserved for ex¬
change for the convertible bonds; par, $100. First div., 1%, July 15 1909;
Oct., 1%; 1910, Jan., 1%; April, 1%; July, 1H%; V. 90, p. 1616.
can

only be Issued for not

ex¬

cost of additions and Improvements. V. 77, d. 2037. The
debentures of 1906 are convertible into stock at option of holder and redeem¬
able at par on or after Sept. 1 1910.
V. 83, p. 275; V. 87, p. 350.
Of the $3,000,000 debentures authorized Feb.
1910, $1,500,000, which
were underwritten, were offered to
stockholders at par, payable in full
March 31 1910, or 50% March 31, 25%
July 1 and 25% Oct. 1 1910.
They
are subject to call on or after
April 1 1915 at 105 and are convertible at par
Into stock between April 1 1912 and
April 1 1918, or when called for redemp¬
tion.
V. 90, p. 449, 773.
Eastern Michigan Edison guaranteed bonds, see
above.
V. 84, p. 751.
Report for year ending Dec. 31 1909 In V. 90, p. 301, 370, with balance
sheet, showed, gross, $2,199,143; net after taxes, $924,565; lnt., $552,300;
dlv. (2%), $100,000; bal., sur., $272,265.
Calendar year 1908, gross,
$1,788,812; net $682,731; lnt. on bds. &c., $529,752; bal., sur., $152,979.
Pres., C. W. Wetmore; Sec., S. W. Burt; Treas., Geo. R. Sheldon, N. Y.;
Office, 30 Broad St.—(V. 90, p. 375, 449, 562, 773, 1616.)
DETROIT MACKINAC & MARQ. RR. LAND GRANT—See page 163.

DIAMOND MATCH.—ORGANIZATION, Ac.—Organized in 1889 un¬
Owns factories at Barberton, O., Detroit, Mich., Osh¬
kosh, Wis., Oswego, N. Y., Portland, Me., Chico, Cal., Ac.; controls comP^mes In England, Germany, Switzerland, Peru, South Africa, Ac.; see
V. 76, p. 380, 656; V. 82, p. 389.
See annual report, V. 90, p. 1237. Store
properties at Philadelphia and St. Louis, and saw-mills, with extensive
pine
Stumpage. V. 73, p. 135; V. 76, p. 380, 1087; V. 86,
p. 1283.
As to Cali¬
fornia lumber purchase, see V.
76, p. 380; V. 78, p. 700; V. 80, p. 648;
V. 82, p. 389; V. 86, p. 1283.
Stockholders on May 6 1908 voted to
acquire the half-interest of Bryant
A May in California lumber
purchase for $2,250,000; of this $1,750,000
to be paid In semi-annual installments to
Jan. 15 1923, with int. at 5%
(amount due Jan. 1 1910 being $1,524,356).
V. 86, p. 1283.
In 1908
Issued $2,000,000 5% notes due
$500,000 yearly to 1912. V. 86, p. ,1470.
DIVIDENDS.—
1893. 1894. 1895. 1896 to 1908. 1909.
1910.
j

der laws of Illinois.

Since 1892
%
20
10
21 1-9 10 (2)4 quar)
8 To Sept. 4)4
In 1910 the dlv. rate was reduced
from 8% to]6%'.
V. 90, p. 239, 375.




381,000;

Last Dividend
and Maturity

g
jJ
&
J Jan 1 1918
g
MAN Nov 1 1949
&
J July 1 1914
g
J
g
&
J
J July 1 1923
text See text See text
5 g
J Jan 1 1923
J
A
5 g
& A Feb 11918
IF
5 g
J
A
J See text

5
5
5
5

500,000j
5,000,000 See text! Q—J
July 15’10114%
1,000
5 g
8,914,000
|J A J Jau 1 1933
1,000
1,000,000
6
M
A
Sept 1 1911
100 &c
See text
6
A
A
April 1 1920
1,000
5 g
1,319,000
Nov 1 1931
M A
1,000
1,390,000 See text A
&
Oct 1 1911
100
16,000,000 See text! Q—M
Sept 15 ’10 1 )4
1,000
1,000,000!
5 g
J
&
J July 19 11-1912
100 30,780,800 2 in 19 )9
Q—J
July 30 ’10 H%
1,000 14.067.000,
5 g
A A O Oct 1 1927
1,000
1,496,000!
6 g
M A
S Sept 1 1915
100
15.000,0004 in 1909
Q—J
July 1 1910 1%
100
7
&
3,000,000|
F
A Aug 1 ’10 3H%
500 &c
7,000,000!
5 g
lM & N May 1 1940
100
5,000,000 See text See text Apr 1’1031
7.414,000
5 g
J
July 1 1929
$ & £
5,840,000
5
;M
Sept 1 1939
100 35,000,000

In July 1910 lt was proposed to form a holding company to be known as
the Gas A Electric Securities Co. to take over the company, Lincoln
(Neb.)
Gas A Electric Co., Knoxville (Tenn.) Gas Co., Empire District Electric Co.
of Joplin, Mo., and Spokane (Wash.) Gas A Fuel Co. and possibly several
other co’s.
V. 91, p. 156.

BONDS.—Remaining mortgage bonds

$759,000
730,000
8,000,000
2,400,000
6,580,000 See
5,619,0001

100

DENVER GAS & ELECTRIC CO—ORGANIZATION.—The Denver
Gas A El. Light Co. was incorporated in Colorado Nov. 29 1909 to
take
the property, and made a $25,000,000 mtge., but the transfer had not
been completed July 1910.
V. 90, p. 112; V. 91, p. 41.
V. 74, p. 1359;
V. 83, p. 154.
Reduction of prices In 1910, V. 90, p. 449.
Stock author¬

ceeding 75% of the

Payable

1,000
1,000
1,000

over

BONDS.—The prior lien mort. is for $6,000,000, of which $381,000 to

When

%

100 Ac
500 Ac
100

46; V. 90, p. 561.
First dividend (quar.), 2)4%, paid Jan. 15
1910; April 15, 2M%; July 15, 2H%-(V. 90, p. 55, 561.)

par,

Rate

$1,000
1,000

n.

ized, $10,000,000;

Amount

Outstanding

147
Places Where Interest and
Dividends are Payable

Washington Trust. N Y

Bankers Tr Co, N Y
Fourth Nat Bank, N Y
do
do
and Denver
Checks mailed
Emerson McMlllIn, N Y

Guaranty Trust Co, N Y
Emerson McMlllIn A Co
Checks mailed
Office, 30 Broad St, N Y
do
do
do
do
do
do
Central Trust Co, N Y

By check from N Y office
Empire Trust Co, N Y
By check
Mercantile Trust Co, N Y
Manhattan Trust Co.N Y
Checks mailed

do
N E Tr Co, Bost A Mont

Montreal,

Bank of
First coupon

Can
March 1910

500,000,See text. See text. See text.
Standard Tr, NY; & Bos
Q—J
July 1910 1
1,209,0001
5 g
Old Colony Trust Co, Bos
M A
S Mch 1 1931
28,047,000 See text Q—M 15 June 15 ’10 2% Checks mailed

1,150,000'6 in 1909

EARNINGS.—For 6 months ending June 30 1910 (estimated), net;
$779,474, against $859,782 in 1910.
ANNUAL REPORT.—Report for year ending Dec. 31 1909 In V. 90,
p. 501, 1237, showed net over $477,095 depreciation, Ac., $1,719,782;
profit
from sale of Bryant A May pref. stock, $47,865; divs.
(8%), $1,280,000;

depreciation and general reserves, $300,000; bal., sur., $187,647. Chair¬
man of Board, O. C.
Barber; Pres, and Treas., Edw. R. Stettlnius; Sec.,
H. F. Holman; Aud., H. C. Cranz.
General offices, 26 Market St., Chicago.
New York offices, 111 Broadway.—(V. 90,
p. 375, 449, 501,1237, 1242.)

DISTILLERS’ SECURITIES CORPORATION.—ORGANIZATION.—
Incorporated in New Jersey on Sept. 18 1902 as successor per plan V. 74, p.
1310, 1358, of the Distilling Co. of America, the latter having control of the
American Spirits Mfg. Co., Kentucky Distilleries A Warehouse
Co., Spirits
Distributing Co. (disso ved In 1902) and Standard Distilling A Distributing
Co.; see V. 68, p. 1224 (dissolved in 1905); also several rye whiskey concerns
Including Hannis Distilling Co. V. 69, p. 179, 494, 745. List of properties,
V. 73, p. 136, 898; V. 71, p. 815; V. 69, p. 957.
Ally Republic Distilling
Co., V. 81, p. 1614; V. 83, p. 326.
Favorable decision, V. 88, p. 379.
In Oct. 1906 the United States Industrial Alcohol Co. was
organized as
a subsidiary to manufacture denatured
alcohol; of the $12,000,000 com¬
mon stock a majority is controlled through a
voting trust by the Distilling
Co.
of

America, which guarantees the dividends on the $6,000,000 7%
V. 84, p. 341; V. 85, p. 790; V. 88, p. 629.
Owns about 95% of the stocks of the Distilling Co. of America.
The 5%
bonds are secured by the deposit of the stocks and bonds
acquired, and are
redeemable at 105 since 1908 and convertible at option of holder into stock
at par at any time till Oct. 1 1912.
V. 90, p. 305, 375.

(non-voting) preferred stock.

DIVIDENDS.—Jan. 1903 to July 1906, both Incl., 1% quarterly; Oct.
1906, 1 H%: 1907, Jan., 1H%: April. 1H%: July, 1)4%: Oct., 1)4%:
1908 and 1909, 2% (Q.-J.); 1910, Jan., )4%;
Apr., )4%; July, )4%.
REPORT.—Report for year ending June 30 1909 In V. 89, p. 1067,
showed gross profits, $2,683,237; interest, taxes, additions, Ac.,
$1,949,030;
net profits, $734,207, against $343,931 in
1907-08; dividends (2%), $679,695: balance, surplus, $54,512.
DIRECTORS.—E. J. Curley (Pres.), Lawrence L. Gillespie, W. P. Ward
(V.-P.), Amory G. Hodges, J. E. Hulshlzer, Alfred W. Hansell.
Executive
Committee—E. J. Curley, W. P. Ward, Amory G. Hodges, Sec.-Treaa.
R. C. Rann.
Office, 15 Exchange Place, Jersey City.—(V. 90, p. 375.)

DOMINION

STEEL CORPORATION, LIMITED.—ORGANIZATION.

Incorporated In 1910 to amalgamate (per plan In V. 90, p. 1104, 1173)
the Dominion Coal and the Dominion Iron A Steel
companies (see state¬
ments of those cos. below), the name being changed June 23 1910 to Domin¬
ion Steel Corporation, Ltd., its common stock and later its
preferred to be
exchanged for those of the corresponding stock of the two cos., share for
In June 1910 about 90% of the $15,000,000 Dom. Coal and
share.
95%
of Dom. Iron A Steel Co. common stock had been
exchanged.
Stock,
common, $35,000,000: par, $100.
Pref. stock (none yet auth. July 1910)
—

to be

$35,000,000—(V. 91, p. 97.)
Dominion Coal Co., Ltd.—ORGANIZATION.—Incorp. 1893.
In June
1910 the Dominion Steel Corporation, Ltd., had
arranged to acquire about
90% of the $15,000,000 common stock.
Amalgamation pending July 1910.
See that co. below.
V. 90, p. 55, 702, 1043, 1104, 1557, 1680.
BONDS.—Bonds (Royal Trust Co., Montreal, trustee), see V. 80, p. 1481,
1732; V. 88, p. 1562, 1624; V. 89, p. 106.
Cape Breton real estate debens.
$160,164, and Dominion rolling stock debens., $107,483; mtges., $50,000.
DIVIDENDS.—On new com., 1% (quar.) paid April 1907 to July 1910
ncl.; 1% to be paid quar. begin’g July 1 1910 under amalgamation plan
Output for cal. year 1909, 2,734,774 tons, against 3,555,068 tons in 1908.
REPORT was given In V. 90, p. 1043, showing net earnings of
$1,113,091
in 1909; deprec. and renewals, $350,000;
lnt. on bonds, Ac., $312,565,
div. on pref., $210,000; dlv. on com. (4%),
$600,000; bal., def., $359,474.
Pres., J. H. Plummer, Montreal.—(V. 90, p. 1042, 1046, 1104, 1242.)
Dominion Iron & Steel Co.—ORGANIZATION.—Organized under the
laws of Nova Scotia on June 17 1899; works at Sydney,
Cape Breton; dally
capacity 1,000 tons of steel.
Owns four blast furnaces, open-hearth
plant, billet mill, blooming mill, rod mill, with capacity of 250 tons dally,
Ac.
See V. 79, p. 2203.
Rail mill, 700 tons dally capacity.
Capacity will
be increased about 30% on completion of Improvements In
progress in April
1910.
V. 77, p. 149; V. 81, p. 1549; V. SO. p. 1042.
In March 1909 the litigation with the Dominion Coal Co. over the coal
contract was settled.
V. 90, p. 702
In July 1910 consolidation of the
Interests of the two companies was pending, per plan In V. 90, p. 1104,1173,
as the Dominion Steel
Corporation, Ltd., Its common stock first,and filter
its preferred, to be exchanged for those of the corresponding
stock of the

two cos., share for share.
The common stock of each company will receive
a cash distribution of $4
per share, payable $1 quaiterly, beginning July 1
1910.
In June 1910 It had peen arranged to exchange about
95% of the
common stock.
V. 89, p. 1350, 1485; V 90, p. 55, 1043, 1557, 1680.

Bounties on pig Iron and steel Ingots expire Jan. 1 1911.
V.83, p. 210,
1413, 1526; V. 85, p. 1521; V. 89, p. 106.
STOCK.—Common authorized, $25,000,000 as Increased June 1908;
outstanding, $20,000,000; 7% cum. pref. stock ($5,000,000) subject
to call at $115 per share or convertible Into com. stock at holders’
option.
V. 72, p. 778; V. 74, p. 530; V. 87, p. 99.
Dividend on pref., 3)4% Oct. 1 1901; in 1902 7% (A. A O.);
1903,
Apr., 3)4%; May 10 1909, 10)4%; Oct. 1, 3H% (semi-ann.) and 3)4% on
account of accumulated divs.; April 1910, 31 )4%.
Including full payment
for 28% accumulated divs.
V. 88, p. 1064; V. 89, p.595; V. 90, p. 702.
Dividends on common under amalgamation plan, see above.
Bonds.—Of the $20,000,000 consols sufficient were reserved for under¬
lying bonds.
In July 1909 $5,840,000 consols were sold for Improvements
and retirement of $1,500,000 seoond
mortgage bonds.
V. 87, p. 99; V. 88,
p. 1064, 1315, 1624; V. 89, p. 106.
REPORT.—Fiscal year now ends May 31.
Report for year ending
May 31 1910 In V. 90, p. 1673, showed net over repairs, Ac.. $2,735,591;
sink, fund, depres’n, Ac., $498,101; lnt on
bonds, Ac., $629,528; pref. dlv,
(7%), $350,000; bal., sur., $1,257,961. Total surplus May 31 1910,after

deducting payment of 31 )4% arrears of dividend ($1,575,000) and 2 moi.
reserve for dividend payable Oct. 1910 ($58,333), $2,058,226.
Directors

June 1909, V. 88, p. 1624.

Pres., J. H. Plummer, Montreal; V.-P., L. J.
Forget, Montreal.—(V. 90, p. 1046, 1104, 1173, 1616, 1673.)
DULUTH EDISON ELECTRIC CO.—ORGANIZATION.—Incorporated
In Minnesota in 1906 as successor of the Duluth General Electric Co.
Kaa
unlimited franchise and 10-year contract with Great Northern Power Co.
expiring July 1917 to provide power o" advantageous terms. V. 82, p. 573
DIVIDENDS.—On pref., 1)4% quar., July 1906 to July 1910, inol.^ On
common In 1908-09, $47,000 paidffromfaccumuIatedZsurplus.J

[VOL. LXXXXI.

INDUSTRIAL STOCKS AND BONDS,

148

MISCELLANBO US COMPANIES

[For abbreviations, Ac.,

see

notes on first page]

Date
Bonds

Par
Value

Amount

Rate

When

Outstanding

%

Payable

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

$100 $13,692,900 5 In 1909 Q—-J 25 July 25 10,1H% Checks mailed
(E I) du Pont de Nem P (Con)—Pref stk 5% cum $25,000,000
1.000 14,452,200
Guaranty Trust Co, N Y
& D June 11936
4HgJ
Bonds (not mortgage) $16,000,000 gold red at 110_G.c*&r* 1906
5 g
Metropolitan Tr Co, N Y
1,850,000
1,000
;J As J July 1 1922
Bonds (1st M & cou tr) gold red 105 sink fund (text) __Mp 1909
5 g
& D 1940
1,000
1,000,000
J
Wllm’ton Tr Bldg 1st M $1,500,000 g lnt gu red 110
c* 1910
Rochester, N Y A Lond
100
19.520.700 See text
Q—J
Sep 1 *10 5%
Eastman Kodak—Common stock $25,000,000
do
do
6
100
6,165,700
Q—J
July 1 *10 1
Preferred (also as to assets) $10,000,000 6% cumulative._
New York and Chicago
5
1.546.000
1,000
A D Dec 1 1956
g
J
Economy Light & Power—First mtge $3,000,000 gold—xc* 1906
See text
Sod text.
100
By check
Q—F I Aug 1 ’10 3%
Edison Electric Ilium Co, Boston—Stock (bonds, see text)
Gas C o of New! York.
Edison Electric Illuminating—See Kings County Electric LIg ht & P ower and Con3olldat ed
100 16.249.425 See text!
Q—J
July 1 1910 1% Checks mailed
Electric Storage Battery—Stock ($180,000 Is preferred (text)
A
100
J July 11910 3% Checks mailed
2,500,000 6 In 1910 J
Empire Steel & Iron—Preferred stock 6% cumulative
6
in 1909,
3,125,000
Dec
Dec 1909
6% Checks mailed
Equitable Illuminating Qas Light Co of Phila—Common stk.
do
A
D June 15 *10 3%
3,125,000 6 In 1909 J
Pref stock 6% (dlvs. pd. regularly since organization) —
New York Trust Co. N Y
5 g
1898
1,000
5,632,000
IJ
A
J Jan 1 1928
First M g red 105 for sink fd of $124,000 yearly
Treasurer’s Office, Phila
4 g
1,500.000
1,000
J
A
J Jan 1 1925
Erie & Western Transp—First M $1,500,000 red (text) _GP.c* 1905
100 12,000,000 See text See text Jan 30 1909 2% Checks mailed
Fairmont Coal Co—Stock $12,000,000
—
5 g
Guaranty Trust Co, N Y
1,000
5.272,000
J
A
J July 1 1931
Mortgage ($6,000,000 gold) sinking fund (see text) — G.c* 1901
5
J
A
D June 1911-1913 R C Dalzell, Wheel, WVa
90,000
1,000
1900
Briar Hill Coal A Coke Co assumed
Checks mailed
100
See
text
Various
Janl5’09
1H%
6,000,000
Federal Mining & Smelting—Common stock $10,000,000—
do
do
100 12,000,000 7 In 1909
Q—M June 15 10 1 H
Preferred (as to assets) 7% cumulative $20,000,000 auth..
100
3,322,800 6 In 1909
Q—F
Aug 2 *10 1H%
Federal Sugar Refining—Pref stock 6% cum red conv (text)
100 13,140,000 See text
Q—M June 1*101H% Checks from Gu TrCo.NY
General Asphalt—Pf stk 5% cum (from June 1905) also assets
100
8,151.330 See text; Q—M June 119101M [25 Broad St, New York
General Chemical Co—Common stock $12,500,000
do
do
6
100 12,500,000
Q—J
July 1 ’10 1 M%
Preferred stock also assets 6% cumulative $12,500,000—
100 65,179,600 8 In 1909 Q—J 15 July 15 ’10 2% Check from Co’s Office
General Electric—Stock ($80,000,000)
Guar Tr Co, N Y; A Boat
100 &c
2,047,000
3H g F
A A1 Aug 1 1942
Debentures for Sprague stock $2,500,000 gold red (text).c 1902
Farm L A T Co.NY&BO'
5 g
500 &c 12.875,000
J
A D June 11917
Debentures $13,000,000 gold convertible redeem (text) — 1907
100
16,000,000 See text. See text.I
General Motors—Common stock $*»0,000,000 auth
100
9,000,000 7 In 1909.A A O Apr 1 1910
Preferred 7% cumulative $20,000,000 authorized
BONDS.—Of the bonds ($2,000,000 autnortzed Issue), the unissued
$791,000 are Issuable for 80% of cash cost of additions and improvements,

Erovided
iterest charges,
preceding
for 12 months
net earnings
twice the
including
the additional
bonds. shall
See have
V. 82,been
p. 572.
EARNINGS.—Year ending May 31 1910, gross,

$390,792: net. $181,110;

pref. dlv. (6%), $69,000; bal., sur., $53,603.
Pres., A. W. Hartman; Sec., C. E. Van Bergen; Treas., F. Hartman.
Duluth, Minn.; V.-P., S. Z. Mitchell Asst. Sec. and Treas., A. E. Smith,
71 B’way, N. Y.—(V. 88. p. 1064.)
E. I. DU PONT DE NEMOURS POWDER CO—ORGANIZATION.—
Incorporated May 19 1903. V. 76, p. 1251; V. 77, p. 453, 1535, 1748;
V. 78, p. 290, 1112; V. 82, p. 1214; V. 84, p. 806.
Government suit,
properties controlled, Ac., V. 85, p. 286, 342.
DIVIDENDS, %—
’04. ’05. ’06. *07. ’08. ’09.
1910.
Common
H
3H
7
7
7H To June, 4
Preferred
5% yrly.(Q.-J.) Oct. '03 to July 25’10,lncl.
BONDS.—The 4Hs of 1906 ($16,000,000 authorized) are a first charge
on the entire property; they are not secured by mortgage or deposit of col¬
lateral.
Of the Issue $9,210,000 were used to retire a part of the preferred
stock, the remainder being reserved to take up subsidiary bonds.
V. 83,
p. 99, 158, 274, 893; V. 84, p. 690; V. 85, p. 471; V. 88, p. 1624.
The 1st
and collat. tr. 5s of 1909 are subject to call as a whole at 105 and at par by
lot by a sink, fund of $124,000 yearly, beginning July 1910.
Guarantees as
to Interest Wilmington Trust Co. 5s (present Issue $1,000,000).
V. 90,
p. 1365.
EARNINGS.—For 3 mos. ending March 31 1910, gross, $7,837,099,
agst. $7,207,615 In 1909; net after deprec’n, &c., $1,530,954, agst. $1,465,252; non-oper. deductions, $123,427; bond lnt., $214,633; pref. dlv., 1 M%,
$168,068; bal. for com. stock, $1^024,826.
V. 90. d. 1173.
REPORT.—Report for cal. yea»* 1909 at length in V. 90, p. 507.
Cal.
Net Appii- Pref. Div.
Cross
Common
Balance,
Year.
(5%).
Surplus.
Earnings,
cable to Div.
Dividend.
1909
..$30,805,916 $4,858,488 $699,924
(7 H)$2,170,395 $1,988,169
1908... 28.027,094
3,995,701
771,078
(7%)1,786,738
1,437,885
OFFICERS.—Pres., T. C. du Pont; Treas., Pierre S. du Pont; Sec.,
Main office, Wilmington, Del.—(V. 90, p. 1616.)
Alexis I. du Pont.
EASTMAN KODAK CO. (OF NEW JERSEY).—ORGANIZATION.—In¬

interest and rentals, $58,507;

.

corporated In New Jersey Oct. 24 1901 as an amalgamation per plan V. 73,
p. 1114, of various operating companies, of which It owns practically all the
See list V. 67, p. 1160,1207; V. 69. p. 387; V. 75. p. 735,613; V. 77,
p. 253 300; V. 89, p. 1225; application to list, V. 80. p. 1477.

stock.

,

Stock authorized, common, $25,000,000; pref. (also as to assets), 6%
cum., $10,000,000; outstanding, common, $19,520,700; pref., $6,165,700.
Dividends on pref. In full to July 1 1910 Inclusive (paid Q.-J.).
No bonds.
Extra Dividends on Common stock.
Year.
Year.
Year.
Year.
1910
1906.
1909.
Feb.
1907.
1908.
Apr.
July.
Sept.

9H%
10%
15%
20%
7H%
2H%
2^%
5%
Report for calendar year 1908, V. 90, p. 975, showed: Net profits, $6.852,575; dlv. on pref. (6%). $369,942; dlv. on com. (30%). $5,856,210.
bal., sur., $626,423.
Pres., George Eastman; 1st V.-P. and Treas., Henry
A. Strong.
Office. Rochester. N. Y.—(V. 90, p. 852, 975 979.)
ECONOMY LIGHT & POWER CO.—Incorporated In Illinois July 1890.

Owns power plant on Desplalnes River at Joliet. Ill., having about 4,000
electrical horse power capacity, and is developing the Morris Power 12 miles
below Joliet; capacity to be 8,000 horse power.
Has perpetual franchise
and owns lighting plant and does the entire lighting of Joliet and sup¬

plies local street railway; has transmission line from Joliet Into Chicago.
Stock, common, $3,000,000; preferred, $500,000.
Controlled by the
Commonwealth Edison Co. of Chicago.
Of the bonds. $3,000,000 author¬
ized Issue (Royal Trust Co. of Chicago, trustee), the unissued bonds are
reserved for Improvements and additions at not to exceed 85% of cost;
sinking fund, 1 % of entire amount of bonds, beginning 1916, to purchase
bonds at not exceeding 110, or be Invested In other securities.
V. 84, p.
1250; V. 89 p. 595; V. 90, p. 979.
For 7 mos. ending Nov. 30 1909,
gross, $218,958, net for bond lnt., $121,782; lnt. on bonds, $43,534; bal.,
sur., $78,248.
For year ending April 30 1909, gross, $310,402; net, $171.663; lnt., $65,324; bal., sur., $106,339.
Pres , Samuel Insull. Chicago,
Ill.; Sec., John F Gilchrist; Treas., Chas. A. Munroe.—(V. 90. p. 1616.)
EDISON ELECTRIC ILLUMINATING CO. OF BOSTON.—ORGANI¬
ZATION.—Incorporated In 1886. In 1903 controlled entire electric light
business of city.
V. 81, p. 157; V. 88, p. 454. On Apr. 29 1909 stockhold¬
ers authorized purchase of electric business of Boston Consol. Gas Co.,
also properties In Chelsea, Newton, Waltham, Lexington, &c. V. 88,p. 1132.
STOCK.—Stockholders

on

Jan. 5 1910 auth. an Increase of stock from

$13,616,100 to $15,561,300, to provide for purchase of properties in Sept.
1909 costing about $2,870,000, and about $1,000,000 notes Issued for 1mprov’ts, the $1,945,200 new stock being offered to stockholders at $215 per
$100 share. V. 89, p. 996, 1283; V. 90, p. 55, 112, 1298.
DIVIDENDS.—In Feb. 1901 3%, Including 1% extra; May 1901 to May
1910, 10% yearly, and In Aug. 1907 to 1909 1% extra, and In May 1910 H
of 1% extra; Aug. 1910, 3%.
BONDS.—Bonds are $1,250,000 1st consol, gold 5s (lnt. M. A S.) due
Sept. 1 1924; $50,000 Somerville Elec. Light 5s, due 1913, and $157,000
Woburn Light, Heat A Power Co. 6s, due 1918, lnt. A. A O., at Mercantile
Trust Co., Boston.
Real estate mortgage, Ac., notes, June 30 1909,
$849,000; unsecured notes, $100,000. V. 83, p. 1101; V. 84, p. 934.
EARNINGS.—11 mos., /1909-10.___ Gross, $4,352,759; net, $2,405,328
11908-09
Gross, 3,817,459; net, 2,190,971
July 1 to May 31.
REPORT.—Report for year ending June 30 1909 In V. 89, p. 1221.
Gross.
Year—
Net.
Oth.inc.
lnt.
Divid's.
Bal.,sur.
1908-09
$4,111,342 $1,373,845 $45,360 $86,846 $l,424,389df$92,029
1907-08
4,220,230 1,570,311
38,442 54,988 1.390,796 162,967
OFFICERS.—Pres., Charles L. Edgar, Treas., T. K. Cummins. Office,
70 State St., Boston, Mass.—(V 90, p. 1046, 1298, 1680.)
ELECTRIC BOAT CO.—See page 163.
ELECTRIC STORAGE BATTERY.—Incorporated In 1888 under laws of
New Jersey.
Owns basic patents for storage batteries.
(V. 69, p. 76,850.)
STOCK, Ac.—Stock authorized, $18,000 000; outstanding, pref., 1%
stock,
cum., $189,900; convertible Into com.
share for share; com., $16,057,925; par of shares, $100. After 1% on pref., com. and pref. share
equally. ‘ On com., 1901 to 1907, 5 y’ly; 1908, 3X%; 1909, 3%; 1910, Jan.,
1%; April, 1%; July, 1%.
EARNINGS.—Statement for calendar year 1909, V. 90, p. 769. showed:
Net Income. $933,492; dlvs. paid, $528,093; bal., sur., $405,399; total sur.,




1908.$3,4 5

Dec. 31 1909, $2,358,817.
Pres., Herbert Lloyd; Sec. and Treas., Walter
G. Henderson, Philadelphia.
Office, Allegheny Ave. and 19th St.. Phila.
—(V. 86, p. 1041. 1592; V. 88, p. 746; V. 89, p. 1670; V. 90, p. 769.)

V. 68. p. 524.

EMPIRE STEEL & IRON CO.—Incorp. in N. J. In 1899.

Common stock, $1,254,770. being reduced from $2,281,400 In Nov.
»
»5. p. 1211.
Preferred, see table.
DIVIDENDS.1 ’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09.
On pref
%/ 3
6
3
3 3H2H 3
3
6
6 4H
1

1907.
1910.

6

Accumulated dividends on preferred Jan. 1910, 19K%>
Report for calendar year 1907 In V. 87, p. 343. In 1909, net earnings,
after $108,946 charged off for Improvements, depreciation, Ac., $219,197;
reserved for bad debts and Income tax fund, $5,222; dividend (6%) on
preferred, $150,000; balance, surplus. $63,975.
Pres., Leonard Peckltt, Catasauqua, Pa.; Sec. and Treas., J. S. Stillman’
Catasauqua, Pa. N. Y. office, 30 Chuich St.—(V. 90. p. 917.)

EQUITABLE QAS LIGHT (OF N. Y.).—See Consol. Gas Co.
EQUITABLE ILLUMINATING OAS LIGHT CO. OF PHILADELPHIA.
—Org. In 1898 by United Gaslmpt. Co., which owns majority of the stock,
to operate gas works leased from City of Philadelphia until Deo. 311927 on
basis stated In V. 84, p. 1304; V. 84, p. 1370; V. 66, p. 436.
The Improv. Co. creates a sink, fund to retire stook In 1928.
1899
DIVIDENDS—
1898
1900
1901 to 1907 1908 1909
1910
Common (%)
6 yearly
6
4
6
6
6
6
—(V. 87, p. 418 1302,1481; V. 88. p. 1200; V. 89, p. 351,1225,1486J
ERIE & WESTERN TRANSPORTATION CO.—ORGANIZATION.—

Owns terminals, lnd. grain elevators and freight warehouses, at Chloago.
111.. Buffalo, N. Y., ana Erie, Pa., and vessels plying on the Great Lakes, all
used by Penn. RR., which Jan. 11910 owned $2,499,650 and Northern
Central Ry. $500,000 of the $3,000,000 stock. Bonds are guar, by the Con¬

necting Terminal RR. of Buffalo and Western Warehousing Co. (or Chicago);
they are subject to call at 105 since Jan. 1 1910. V. 70, p. 432; V. 80, p.
711: see application to list, V. 81, p. 724.
For 10 yean ending Deo. 31
1903, dlvs. were 4% to 5% y’ly: 1904 and 1905, 0; 1906 and 1907, 4%; 1908,
0; 1909, 4%.
Office. 26 So. 13th St., Phila.—(V. 81, p. 794.)

FAIRMONT COAL CO.—ORGANIZATION.—Incorporated In West Vir¬
ginia June 20 1901 as a consolidation of coal companies near Fairmont,
Owns about 35,000 acres of coal lands and rights and about 4,030
W. Va.
acres of surface; also about 25,000 acres under perpetual lease.
See V. 74,
p. 98, 431; V. 87, p. 289.
The Consolidation Coal Co. of Maryland owns
entire $12,000,000 stock, having acquired the minority stock In May 1909.
entire $12,000,000 stock.
V. 88. p. 1316.
Car trust bonds (serial 5s), $1,944,000, dated Sept. 1 1906, of which $1,529.000 had been Issued to Nov. 1907. In Nov. 1907 the company sold
2,000 cars to the Balt. A Ohio RR., which assumed ’the $1,529,000 car trusts
thereon
V. 85. p. 1404. Tonnage. 1908, 3,270.493; 1907. 4,323,882.
Sub. Co., Ac., Bonds—
Date.
Interest. Held by Pub. Maturity.
Clarksburg Fuel 1st M
1901 5%&6% $114,000 Oct. 1 1931
Plttsb. A Fairm. Fuel 1st M
1905 5% J&J
98,000 July 1 1935
Subject to call at 110.
U. S. Mort. A Tr. Co.. N. Y., Trustee.
Dive.—1904, 2%; 1905. 3; ’06, 3
*07, 3; ’08 and *09. Jan., 2%.
REPORT.—Report for year ending Dec. 31 1908 In V. 88, p. 1000.
Year.
Tot. net. Chgs.,Ac. Bal.forDiv.
Cross.
Dividends. Bat.,sur.

$1,221,714 $652,000 $569,714 (2%)$240,000 $329,714
2,023,301 836,511 1,186,790 (2%) 240.000 946,790
Pres., C. W. Watson.
Office, Baltimore, Md.; sales offloe, 1 B’way,
New York.—(V. 87. p. 289; V. 88. p. 751, 885, 1000, 1316.)
1907.. 4.860.327

FEDERAL MINING & SMELTING CO.—ORGANIZATION.—Incor¬
porated under laws of Delaware June 25 1903. Owns silver-lead mines In
Coeur d’Alene district, Idaho.
Owns 27,000 shares Bunker Hill A Sullivan
Mining Co. stock, received In settlement of litigation Apr. 1910.
V. 90,

{>.ng1365.
1905
Amer. control.
Smelters' (V.
Secur.
(controlled by Amer.
80, Co.
A Ref. In
Co.)
acquired
p. 1974.

Smelt-

DIVIDENDS—
1904. 1905. 1906. 1907. 1908. 1909. 1910.
Com. (%),1 X qu.; also extras.4H
10
17
14 H
0
1H ToJuly.O
Preferred (7% cum.)
In full to date
REPORT for year ending Aug. 31 1909 was In V. 89, p. 1344.
Year—
Net Profits.
Div. on Pref.
Div. on Common. Bal.JSurp.
1908-09
$1,185,946
(7%)$839,027
(1H%) $89,894 $257,025

1907-08—I— 1,067,037

(7%) 839,023

(1H%)

138,120
89,894
Packard; Treas.,

Pres., Francis H. Brownell; V.-P. and Chairman, Edwin
F. W. Hills; Sec., Fred’k J. KUner.—(V. 90, p. 1365.)

FEDERAL SUGAR REFININQ CO.—Incorporated In New Jersey June
re-lnoorporated In New York May 3 1907. V. 84, p. 1117. Plant
at Yonkers, N. Y.
Operations begun Aug. 1 1904; capacity 7,506
bbl8. a day.
Application to list, V. 84, p. 691. Process, V. 74, p. 1358.
Stock, com., $6,677,200; pref., 6% cum. (also pref. as to assets). Is subject
to call at 125 and convertible into oom. stock at par; see table above; par
Dividends on pref. stock of old co. paid In full; on new
of shares, $100.
pref., 1 H% quar. paid Aug. 1 1907 to Aug. 1 1910.
For year ending Feb.
26 1910, net, $639,952; deprec’n, $24,000; pref. dlv. (6%), $199,368; bal.,
sur., $416,584.
Pres., Claus A. Spreckles; V.-P., Clarence H. Mackay and
Wm. W. Cook; Treas. and Sec., Pierre J. Smith.
Office, 138 Front St.,
N. Y.—(V. 90. p. 1298.)
19 1902;

GENERAL ASPHALT CO.—ORGANIZATION.—Incorporated In N. J.
May 19 1903 as successor of the National Asphalt Co., per plan V. 75,
p. 188; V. 76, p. 1145; V. 79, p. 101, 2586; V.80, p. 2218; V. 82, p. 1208.In
1909 effected settlement with Venezuelan Gov’t.
V. 88, p. 628, 509, 1195.
STOCK.—As to right of conversion, call, &c.. see V. 79, p. 2586. Com¬
mon stock outstanding
$9,861,000; pref., see table.
DIVIDENDS.—On pref. in 1906, 4% (M. A S.); 1907 and 1908, 2%
(M. A S.); 1909, 5% (1 H Q.-J.); 1910, Mch., 1 X % and 1 % extra on account
V. 90,
of accumulated dividends, leaving about 7H% due; June, 1 H%.
on

p.

449.

VOTING TRUST.—Stock Is vested for 10 years In five voting trustees,
viz., Rudulph Ellis, William F. Harrlty, Alvin W. Krech, Henry Tatnall
and Henry W. Biddle, but the trust may be dissolved In whole or in part
at any

time by unanimous consent, or

after 7

years as a whole. In the dis¬

cretion of a majority of trustees.
V. 88. p. 1064.
Bonds of subsidiary cos.: $879,000 Barber Asph. Pav. deb. 6s due April 1
1916, subject to call at par since 1906; coll. 5% RR. notes, $200,000, due
Feb. 15 1911 (V. 86. p. 1463); $1,493,800 New Trinidad Lake Asphalt
deb. 6s due Jan. 1 1930; collat. loans Jan. 31 1910, $671,856.
V. 70. p. 993;
V. 71, p. 545; V. 79, p. 104; see also securities owned, V. 73, p. 290.

July, 1910. |

INDUSTRIAL STOCKS AND BONDS.

MISCELLANEOUS COMPANIES

Date

Par

Amount

[For abbreviations, Ac., see notes on first page]

Rate

When

Bonds

Value

Outstanding

%

Payable

Qlrard Point Storage—First mtge guar p & i by Penn RR__r
Granby Consolidated Mining S & P—Stock $15,000,000 auth
Great Lakes Towing—Common stock $2,500,000..
Preferred 7% non-cumulatlve $2,500,000
Great Northern Iron Ore Prop—Trust certs 1.500,000 shares

1890

Dominion Line debentures

International Nickel—Common stock $12,000,000 authorized
Preferred stock 6% non-cum $12,000,000 authorized
First mortgage $12,000,000 gold callable at 110..
N
International Paper—Stock common $20,000,000
Preferred 6% cum $25,000,000 (underlying bonds text)...
First cons M $10,000,000 g red since 1907 at 105 conv. Us.c*
Cons mtge $10,000,000 gold red sink fund conv (text) _Ta.c*
International Salt—Stock $30,000,000—
Collat tr m gold $12,000,000 red 105 8 f $200,000 yrly.Usm
Retsof Mining 1st M gold
K

A
A
O
$2,106,000
See text
14,850,000 Quar
1,675,000 See text See text
1,952,850 7 In 1909
Q—J
None 1,495,720sh.
A
J
D
1,000
7,500,000
5ff

$1.000

Var

1,000
100
100
100 &c
100
100
100
100

1,000
1,000
£100

Various
100

1902

1,000
100
100

1898
1905

1,000
1,000
100

1901

500 &c

1,000

REPORT.—Report for

year ending April 30 1910, In V. 90, p. 1423,
showed results for 12 mos. ending Jan. 31 1910: Total gross Income, $13,992; net Income. $1,819,687; lnt., taxes, bad debts, Ac., $787,945; profit,
$1,031,742; excess cost of maintaining pavements, $53,398; dlv. on pref.

(6%). $788,382; bal., sur., $189,961.
OFFICERS.—Pres., John M. Mack; Vice-Pres., Avery D. Andrews and
A. W. Sewall; Treas., Ira Atkinson.
Office, Land Title Bldg., Phila.—(V.

iSaf.) 454‘ 509‘ 628,1064, 1195; V’ 89, P’ 228, 15441 V’ 90, p’ 449,1298,
GENERAL CHEMICAL CO.—ORGANIZATION. Ac.—Incorporated In

N. Y. on Feb. 15 1899 as a consolidation.
V. 68, p. 571;
V. 73. p. 724; V. 89. p. 351, 414; V. 90, p. 445.

V

74, p. 1093:

REPORT.—Report for year ending Dec. 31 1909, with balance sheet. In
369, showed: Net profits, $2,139,692; charged off, $246,102; dlv.,
dlv. on com. (4%), $296,412; distributed among
profit sharers, $109,346; reserve for U. S. corp. tax, $15,000; bal., sur.,
$787,832.
On pref., Oct. 1899 to July 1910, both Incl., 6% per annum
(1H Q.-J.); on com., 1900 to 1902, both lncl., 4% yearly; In 1903, 5%
(Q.-M.); In 1906 and 1907. 4% (M. A S.); 1908 and 1909, 4% (Q.-M.);
1910, March, 154% and 10% Instock; June 1910, 154%- V. 90, p. 306.
OFFICERS.—Chairman of the Board, William H. Nichols; President,
Sanford H. Steele; 1st V.-P., Edward H. Rising; Sec. and Treas., James L.
Morgan; Chairman Exec. Comm., Wm. H. Nichols Jr.. N. Y., 25 Broad St.
—(V. 90. p. 505, 702.)
GENERAL ELECTRIC CO.—ORGANIZATION.—Organized under a
special charter of New York April 15 1892, and manufactures outfits for
electric railways and all kinds of electrical supplies. In 1896 pooled patents
with Westinghouse Electric A Mfg. Co.
V. 85, p. 155, 1648; V. 62, p.
502, 635. 1040; V. 65. p. 151, V. 68. p. 1024.
(See V. 68. p. 927.)
V.
70, p. 689; V. 80. p. 1481; V. 83, p. 689.
In 1901 obtained controlling In¬
terest In British Thomson-Houston Co., Ltd., of London. V. 72, p. 1283. In
Feb. 1903 about $2,900,000 of the $3,000,000 stock of Stanley Elec. Mfg.
Co. was purchased.
V. 76, p. 437.
Owns entire com. stock of Electrical
Sec. Corp. and Elec. Bond 4b Share Co. V. 79, p. 1706, 2645; V. 81, p. 510.
Owns the rights for the U. S. under patents covering Curtis steam turbine
engines. V. 76, p. 1195; V. 77, p. 2161; V. 82, p. 1272. Co-operates
with Am. Locomotive Co. In building electrlo locomotives.
V. 79, p. 1022.
DIVIDENDS—
1899.
1900.
1901.
1902 to July 1910.
Per cent
3
654
9
8 yearly (Q-J).
In 1902 distributed 66 2-3% stock, restoring 40% surrendered In 1898.
STOCK.— In 1906-07 $10,847,000 new stock was sold to stockholders at
par. raising the amount outstanding to $65,167,400.
V. 83, p. 893, 1349.
DEBENTURES.—In 1902 $2,047,000 deb. bonds were Issued, redeem¬
able on or before Aug. 1 1912 at par and thereafter at 105.
V. 75, p. 139.
There are also $40,000 5% debs, outstanding, convertible into stock at 120.
The $12,875,000 5% debentures are convertible after June 1 1911 Into
stock at par and redeemable after that date at 105.
V. 84, p. 1184,1251.
V. 90, p.

6% on pref., $705,000;

REPORT.—For 11

mos.

end. Dec. 31 1909 (V. 90, p. 1167,1178,1140):
11 Mos.
Years end. Jan. 31—
1909.
1908-09.
1907-08.

Period Covered—
Income—Sales
Royalties, Ac
Interest and discount
Sale of securities, &c
Net profit security holding cos
Total Income

Operating expenses and taxes
Interest

on

debentures

Balance for dividends

$51,656,632 $44,540,676 $70,977,168
703,943
1,260.848
1,010,962
706,552
1,137,938
487,079
478,020
35,912
9,779
750,000

$54,102,052 $47,168,469 $72,484,988
...$46,950,760 $41,649,573 $65,536,305
657,621
716,643
362,030
$6,493,671

.

$4,802,253

$6,586,653

Balance Dec. 31 1909 as above, $6,493,671; dlv. (8%) on stock, $5,214,
352; total sur. Jan. 31 1909, $16,102,063; total sur. Dec. 31 '09. $17,381,382
DIRECTORS.—C. A. Coffin (Pres.), Gordon Abbott, Oliver Ames,
C. P. Hamilton, T. Jefferson Coolldge Jr., B. E. Sunny, Geo. P. Gardner,
30 Church St —(V. 88, p. 1124; V. 90, p. 1167,1178. 1298.)

GENERAL MOTORS CO.—Incorp. Sept. 16 1908 In New Jersey and
acquired Bulck Motor Co., Flint, Mich.; Olds Motor Works, Lansing, Mich.,
and other properties.
V. 88, p. 751, 824; V. 89, p. 228, 1515, 1666.
Stock authorized, $40,000,000 common and $20,000,000 7% cum. pref.;
par $100.
Outstanding at last accounts, $9,000,000 pref. and $16,000,000 com.
Dlvs. on pref., 3H% seml-ann., April 1 1909 to April 1 1910,
lncl.
Dlv. on com., 150% In stock, paid Nov. 15 1909.
V. 89, p. 1143.
Report as of Sept. 30 1909, V. 89, p. 1666.
Pres., Wm. M. Eaton, 7 Wall St., N. Y.; V.-Ps., W. C. Durant and Fred.
L. Smith; Sec. and Treas., Curtis R. Hatheway.
Office, 103 Park Ave.,
N. Y.—(V. 90, p. 852.)
GRANBY CONSOLIDATED MINING. SMELTING & POWER CO.
LTD.—ORGANIZATION.—Incorporated Mch. 29 1901 In British Columbla.
Owns low-grade copper, &c., deposits; also smelter at Grand Forks
B. C.
V. 79, p. 1644; V. 81, p. 1490; statement N. Y. Stock Exchange,
V. 85, p. 403.
In 1907 a large interest was acquired In the Crow’s Nest
Pass Coal Co., which provides the coal
supply. V. 88, p. 155. Stock
authorized, $15,000,000: outstanding, $13,500,000; par, $100, changed
from $10 In 1906.
Shareholders were offered the right to subscribe pro rata
for $1,350,000 new stock at $85
per share, payable on or before Mch. 21
1910, making $14,850,000 outstanding.
V. 90. p. 112.
No bonds.
Dlvs., 1% paid Dec. 1903; 1906 to Sept. 30 1907, 3% quar.; 1908, June 30.
2%; Dec. 15, 2%, 1909, Dec., 81 2%.
Report for year ending June 30
1909 In V. 89, p. 1345, and
earnings for 6 mos. ending Dec. 31 1909 in
V. 90, p. 852.
Pres., Jacob Langeloth; Sec., Northrup Fowler.
Office,
52 Broadway.—(V. 90, p. 112,
852.)

GREAT LAKES TOWINQ CO—ORGANIZATION.—Incorporated in
on July 6 1899 as a consolidation.
See V. 69, p. 79, 593; V. 72, p. 778.

N. J.

Government suit, V. 90, p. 1680.
DIVIDENDS—1 '01. '02. *03. ’04. '05. '06. '07. '08. '09.
1910.
Common (%)
i 00
0
0
002
June. 2
Preferred (%) ...J 3H3H0
0
7
7
7
7
7 To July, 5 M
Pres, and Treas., Edward Smith, Cleveland, O.—(V. 90, p.
1680.)
-..-

„

GREAT NORTHERN IRON

ORE PROPERTIES.—See Great Northern

Ry.—(V. 89, p. 414, 473; V. 90, p. 562, 630, 646. 917.)
GUGGENHEIM EXPLORATION CO.—(V. 89, p. 667; V. 90, p. 369.)
HAVANA TOBACCO CO.—ORGANIZATION.—Incorporated in New
Jersey on May 28 1902, as amalgamation, per plan V. 74, p. 1142.
The Am. Cigar Co., It Is understood, owns a controlling Interest In stock
and $3,500,000 of $7,500,000 bonds.
V. 85, p. 287.




Last Dividend

100
100
100

Havana Tobacco Co—Bonds $10,000,000 gold
1902
Illinois Steel—See United States Steel Corporation
Indiana Lighting-First mtge $5,000,000 gold red 102...Ce 1908
Indiana Natural Gas & OU Co-^ee People's Gas Light A Coke Co
Ingersoll-Rand—Common stock $5,000,000 authorized
Pf stk 5% cum (also as to assets) $5,000,000
First mtge $3,000,000 gold red 105 beginning 1911—N.c'Jbr 1906
International Harvester—Common stock, $80,000,000
Preferred (also as to assets) 7% cumulative, $60,000,000.
International Mercantile Marine—Stock common, $60,000,000
Pref (as to assets) 6% cum $60,000,000 (V. 84, p 1309.1370)
Coll trust mtge $75,000,000 red 105 since Oct r07._ N.c* &r 1902
Intemat Nav 1st M g $20,000,000 subj to call (text).FP.c* 1899
Oceanic Stm Nav 1st M deb £2,500,000 auth red text.c&r 1908

3.000.000

4 g

F

A

149

A

and

Maturity

Places Where Interest and
Dividends are Payable

Apr 1 1940

Treasurer's Office, PhUa
2%
2% Cleveland, Ohio
do
July 1 '10 154%
Mch 15 '10 50cts 32 Nassau St, New York
Junel 1922
Guaranty Trust Co, N Y
Dec 31 '09
June 1 *10

Aug 1 1958

Central

Trust Co,

N

3,000,000 See text See text Apr 30 ’10, 5%
A
J July 1 1910 3%*
4,800,000 6 In 1910 J
J
J Dec 31 1935
2,000,500
A
Office, 11 B’way, N
5
*
80,000,000 See text See text July 1 1910 1% See text
7
60.000,000
Q—M June 1 ’10 154% Checks mailed
See text.
49,931,735
51,730,971
J P Morgan & Co, N
A
52,744,000
O Oct 1 1922
4K g A
5 e
F
A A Feb 1 1929
18,716,000
Company's Office, N
£1.250.000
J. 30 Dec Dec’13-J'e30’22 London
£126,831 4 HAS
Various
Liverpool
11,542,662 See text See text
1 1910 1H 43 Exchange Place, N
6
in
8,912,626
1909
do
do
Q—F
Aug 1 '10 1«%
1 1932
8,687,-36
New York Trust Co, N
5g A A O
1 1899 1% Checks mailed
17,442,800
22,406,700 2 in 1909
do
Q—J
6 g
F
3b A Feb
8,940,000
1918
Metropolitan Tr Co, N
o

Y

Y

Y

Y
Y

*

5,539,000
5« J & J
18,228,000 See text Q—M
5 g
A
A
3,999,900
O
5 g
J
A
J
2,500,000
„

Jan
Dec
Oct
Oct

Y

Y

1935
do
do
1906 1%
1951
Empire Trust Co”n"y~”
1925
Knlckerb’kerTr Co. N Y

Stock, com., $30,000,000; pref., 5% non-cum., $5,000,000; outstanding,
$29,790,941; pref., $4,703,800; par of shares, $100. Bonds, $10,000,000 20-year gold 5s, of which $2,500,000 In treasury.
Report for
cal. year 1909. V. 90 p. 693, showed: Dividends received! $630; def. after
charges and expenses, $145,918; lnt. on gold bonds, $375,000; bal., def.,
$520,288. Ofttoe, 111 Fifth Ave., N. Y.—(V. 90, p. 630, 693.)
HERRINO-HALL-MARVIN SAFE CO.—ORGANIZATION.—Incor¬
porated In N. Y. on Sept. 22 1905, per plan In V. 80, p. 999. Stock, $700,000, all outstanding; par of shares, $100.
Gold debenture notes, $323,750 6s, maturing to 1915.
V. 78, p. 1395.
Report for cal. year 1907 V. 86, p. 478. In 1907, net profits, $103,525;
charged off for depreciation and reserve. $41,972; bal., sur., $61,553.
Pres., C. U. Carpenter; Sec., St. G. B. Tucker; Treas., T. B. Carpenter.
Office, 400 Broadway, New York.—(V. 86, p. 423 77.)
HUDSON RIVER EL. POWER CO.—(V. 90. p. 505, 630.)
ILLINOIS BRICK CO.—(V. 90, p. 446. 449, 852, 917, 979, 1242.)
INDIANA LIGHTING CO.—ORGANIZATION.—Successor on or about
Oct. 1 1908 to the Lafayette, Fort Wyane, etc., gas companies, foreclosed,
per plan In V. 84, p. 871; V. 86, p. 984.
Stock auth., $4,500,000, all out¬
standing.
Office, 2 Rector St., N. Y.—(V. 87, p. 1423.)
INGERSOLL-RAND CO.—ORGANIZATION.—Incorporated In New
Jersey June 1 1905 and acquired Ingersoll-Sergeant Drill and Rand Drill
companies and a majority of the $250,000 stock of the Canadian Rand Drill
Co., the latter having a plant at Sherbrooke, Que. Owns plants at Phllllpsburg, N. J., Easton and Athens, Pa., and Painted Post, N. Y.
Applica¬
tion to list was In V. 83. p. 1176; see also V. 84,
p. 867; V. 85, p. 465. Com¬
mon stock auth., $5,000,000; Issued, $3,000,000;
par, $100.
DIVIDENDS.—Pref., Jan. *06 to July '10, lnd., 6% yearly (J. A J.)
On common, 5% paid April 30 1910.
REPORT.—Report for year 1909, In V. 90, p. 912. showed: Net earnings
over deprec’n ($426,780), $804,566; lnt. on bonds,
$100,000; pref. dlv. (6%),
$287,988; com. dlv. (5%), $150,000; bal., sur., $266,578.
OFFICERS.—President, Wm. L. Saunders; 1st V.-P., George Dofibleday; Treas., Wm. R. Grace; Secretary, Fred. A. Bralnerd. Office, 11
B’way.—(V. 88, p. 942, 1133; V. 90. p. 913. 917.)
INTERNATIONAL AGRICULTURAL CORPORATION.—V. 91, p. 97.
INTERNATIONAL HARVESTER CO.—Incorporated In N. J. on Aug*. 12
1902 and acquired five concerns manufacturing agricultural machines;
Deerlng Harvester Co., McCormick Harvesting Machine Co., Ac. Also
has large plant in Canada, timber lands, coal, ore, blast furnace and steel
properties.
See report, V. 86, p. 1471; V. 87, p. 94; V. 90, p. 1242. Wise.
Steel mtge., V. 85, p. 104.
Purchase money obligations for properties,
Dec. 31 1909, $2,250,000.
oom.,

,

STOCK.—Com. stk. was in Jan. *10 Increased from $60,000,000 to $30,000, the new stk. being distributed as a 33 1-3% stock dlv., represent¬
ing surplus invested in the business during the past seven years. See DIVI¬
DENDS below. V. 90, p. 170.
Stock Is held m a voting trust untU Aug. 1
1912; the voting trustees. George W. Perkins, Charles Deerlng and Cyrus H.
McCormick, may terminate the trust at an earlier date. V. 78, p. 1112.
DIVIDENDS (qld stock).—In 1903, 3%; 1904 to 1906, 4%
yearly. On
pref. (new stock), June 1907 to June 1910, both lncl., 1 K% quar.
A
33 1-3% stock dlv. was declared In Jan. 1910 (see stock
above); also a cash
dividend of 4% on'the com. stock, as Increased to $80,000,000, from
the earn¬
ings of 1909, payable 1% quarterly beginning April 15 1910. V. 90, p. 170;
306, 376, 450.
REPORT.—For calendar year 1909 (V. 90, p. 1099; edit., p. 1075):
Net
Deprec'n, Interest Pref. Divs. Com. Divs.
Balance,
Income.
Renew.,Ac. onLoans.Ac. (7%)
(4%).
Surplus.

Cal.
Years.

1909...$19,815,082 $4,364,286 $558,056 $4,200,000 $3,200,000 $7,492,740
1908—- 13,451,147 3,689,792 875,673 4,200,000
4,685,682
OFFICERS.—Chairman of Board, Charles Deerlng; Chairman Finance
Committee, George W. Perkins; Pres., Cyrus H. McCormick; V.-P., James
Deerlng, Harold F. McCormick, William H. Jones and J. J Glessner; Treas.,
Harold F. McCormick; Sec., Richard F. Howe.
General office, 237 Michi¬
gan Ave., Chicago—(V. 90, p. 306, 376, 450, 562, 1099, 1105, 1242.)
INTERNATIONAL MERCANTILE MARINE CO.—ORGANIZATION,
Ac.—Formerly Intemat. Nav. Co., acquiring In 1902 (per plan, V. 74.
p. 888, 941, 1093; V. 75, p. 1089, 1305), White Star, American, Red
Star,
Atlantic Transport, Dominion and Leyland lines,
having an aggregate
gross tonnage built or building Dec. 31 1909 of 1,151,038 tons.
STOCK.—Of the stock, $10,068,265 oom. and $8,269,029
pref. on Dec.
31 1909 remained in the treasury.
Nearly all the stock Is to be held In a
voting trust until Oct. 1 1912, although the trustees may. In their discre¬
tion, terminate the trust at an earlier date. Voting trustees, J. Pierpont
Morgan, Chas. Steele, J. Bruce Ismay, Peter A. B. Wldener and W. J. pfrrie.
BONDS.—In 1908 £1,250,000 (auth. £2,500,000) Oceanic Steam Nav.
Co. (White Star Line) 4H% debs, were offered, £125,000,
redeemable
yearly Dec. 31 at par, beginning 1913; remainder payable June 30 1922.
Whole or any part may be retired at par beginning Dec. 31 1913 on 60
days*
notice.
They will be secured on 23 vessels, valued at £4,850,000, and 4
additional vessels to be built, at estimated cost of
£3,600,000, of which 2
completed In 1909 and 2 under way.
The proceeds of the debentures
can only be used to pay for new
property. V. 87, p. 1091.
Col. trust 4 Hs, see application to list, V. 84, p. 1309.
The Intemat. Nav.
5s are subject to call at par since 1909, and a s. f. of
$250,000 to $500,000
retires them annually slnoe May 1 1905.
Dominion Line deben., £126,831;
Fred. Leyland A Co. 1st mtge. 4% deb., £346.600, due Dec. 1
1921, are not
Included In company's bal. sheet, only a majority of stock
being owned.
REPORT.—Report for year ending Dec. 31 1909 In V. 91, p. 35, showed
Total gross earnings, $33,953,208; net, $4,695,454; lnt. and Income
tax,
$3,870,579; add surplus Insurance acc’t, $357,461; bal., sur. for year,
In 1908, gross, $30,529,748; net, $875,857.
$1,182,335.
OFFICERS.—Pres., J. Bruce Ismay; Treas., Horace G. Philips.
DIRECTORS.—Americans.—C. A. Gris oom, P. A. B. Wldener, Percy
Chubb, John I. Watorbury, E. J. Berwlnd, Geo. W. Perkins, J. P. Morgan
Jr., John F. Archbold, Charles Steele. English Directors.—E. C. Gren¬
fell, J. B. Ismay, Rt. Hon. Lord Pirrle, Charles F. Torrey and Harold A.
Sanderson.
Office, 9 B’way, N. Y.—(V. 89, p. 36. 106, V. 91, p. 36.)
INTERNATIONAL NICKEL CO—Incorporated In N. J. Mar. 29 1902
and acquired control of Canadian Copper Co., with plant at Copper Cliff,
Ont.; Nickel Corporation of London, with mines at New Caledonia, and the
Orford Copper Co. of Bayonne, N. J., &c.
V. 75, p. 1205,1257. Common
stock auth., $12,000,000; out g, $11,542,662, $2,670,000 having been sub¬
scribed at par, payable July 11 1910; par, $100; V. 90, p. 1493.
Pref., see
table above.

150

Par
Value

Date
Bonds

MISCELLANEOUS COMPANIES
see notes on first page]

[For abbreviations, Ac.,

Internat Silver—Stock pref 7% also as to assets $9,000,000
Dividend scrip (V 76, p 106)
First M $4,500,000 sink fund called at" 110 since 1901. N.c*
Debentures $2,000,000 gold redeemable at par
International Steam Pump Co—Com stock $24,000,000..Ta
Preferred stock 6% (also assets) cum $15,000,000
Ta
First lien M $12,000,000 g s f red 103
S.xc*Ar*
Worthington preferred stock 7% cumulative (see also text)
Holly Mfg 1st M$700,000ggup & isf.beg.'12(V.73,p.1117)
The Blake & Knowles Steam Pump Works 8% pref stock.
do
do
do
do
deben bonds.
Jefferson & Clearfield Coal & Iron—Pref stock 5% non-cum.
First mortgage gold sinking fund drawn at 105
G.c*
Second mortgage gold sinking fund drawn at 105__Usm.c*
Indiana County 1st M $2,500,000 auth sink fund
_G
Kansas City Stock Yards Co of Mo—Stock $9,000,000 auth.

$100

—

1,666

1898
1903
-

-

-

_

_

100
100

-

1909
_

1,000
$ £ fr Ac
100
100 Ac
48.50
48.50
100

_

1901
-

-

-

-

_____

1,000
1,000

1896
1896
1910

100
100
1900-3
Convertible bonds
1910
Bonds series C
Keystone Telephone Co—First M g red (other bonds text). _ K 1905 1,000 Ac
100
Kings County Electric Light & Power—Stock $10,000,000. .
1,000
First mortgage gold $2,500,000
Ta.c 1897
1898
1,000
Purch money mtge g sec by Edis stock &c (V 76, p 47)Ce.c*
1898
1,000
Edison Elec Ill cons mtge (now first) $10,000,000 g— G.c*
1910
100 &c
Debentures $5,000,000 conv. Into stock beg Mch 1 1913 _c
100
Knickerbocker Ire—Common stock $4,000,000.
100
Pref stock $3,000,000 6% cum (not pref as to assets) conv.
1898
1,000
First mortgage gold redeemable 105
1906
Refunding mortgage $6,000,000 gold
F.c
1909
Collaterargold notes $1,300,000 (V 88, p 104)
•_

DIVIDENDS.—On pref., 1 )4% quar. Feb. 1906 to Aug. 1910, both incl.

First dlv. on com. stock, 1%, paid Sept. 1 1909; Dec. 1909 to Sept. 1910,
both lncl. (quar.), 1% and )4% extra and July 1910 25% extra.
V. 90,
p. 1493.

REPORT.—Report for year ending March 31 1910, In V. 90, p. 1553,
showed total net Income, $3,144,733; lnt. on bonds, $464,600; deprec’n,
sink, fund reserve, Ac., $612,606; dlv. on pref. (6%), $534,745; dlv. on
com. (5)4%), $487,978; bal., sur., $1,044,804.
OFFICERS.—Chairman of board, Robert M. Thompson; Pres., Ambrose
Monell; Sec., Stephen H. P. Pell; Treas., James L. Ashley.
Office, 43
Exchange Place, N. Y.—(V. 89, p. 849; V. 90, p. 1493, 1553.)

INTERNATIONAL PAPER.—Incorporated Jan. 31 1898 and took over
by purchase 25 of the principal pulp and paper mills of the U. S.; see V. 81,
p. 2623; V. 67, p. 428, and V. 69, p. 494; also applications to list in V. 67,

p. 1482.
output
tons.
S. 1359,
and V. in68,V.p.66,
726;p.V.288,
80,and
about 1,700
prospectus
V. 67, Daily
p. 177;
also official
statement,
ee

V. 69, p. 281.
The Continental Paper Bag Co., a majority of whose $5,000,000 stock is owned, with factory at Rumford Falls, Me., capacity about
15,000,000 bags daily; first (quar.) dlv. on com. stock, 1%, paid June
V. 70, p. 742; V. 69, p. 494, 908; V 73, p. 786; V. 80, p. 2624'
1905.
V. 82, p. 103.
Amer. Realty Co. see V. 75, p.
V. 79, p. 2207.

120£

DIVIDENDS— 1898. 1899. 1900tol907. 1908.
—1909—
1910.
Preferred stock (%
4H
6
6% yearly
4
2()4 Q-J) To July,1H
Common stock (%) 1
2
None.
None.
None.
BONDS.—The consol, mtge. 5% bonds of 1905 ($10,000,000 authorized
issue) are convertible on any interest day since July 1907 and before
1917 into pref. stock at par.
A s. f. of 2% of all bonds ever issued is payable
yearly, since 1907, for which bonds are subject to call at 105 and interest
since 1909.
The remaining $4,000,000 bonds are reserved for future

purposes. V. 79, p. 2699; V. 80, p. 119, 225; see app. to list, V. 80, p. 1482.
The consol. 6s of 1898 were convertible at holders'option on any Feb. 1 or
Aug. 1 before 1910 into pref. stock at par; they cover all “after-acquired
realty.” Annual s. f., $150,000, began Feb. 1 1905. Consols are reserved
to take up $158,000 Otis Falls issue below named.
Other bonds out;
1. lnt. Paper purch. money. Int.
Where paid.
Maturity.
Outst’g.
AmmonoosucLumb.lstM. s.f.4g.M-S N Y, Met Tr Co $190,000 Sept 1 ’13
6g.F-A
do
do
150,000 Feb 1’18
Ontario Paper 1st M
Rumford Fall Sulphite 1st M_6g. J-J
do
do
350,000 July 1 '18
Piscataqu sFallsP.,lstM..s.f. 4g.F-A
do
do
85,000 Aug 1*18
2. Old bonds (x assumed).
Hudson River Pulp A Pail 6g.J-J N Y, Man Tr Co 1,500,000 Jan
f Subject to call at 105 since 1907.
per
X Otis Falls Pulp Co. lstM.16g.M-N Bost.OldCol Tr.
142,000 May
Old Colony Tr Co, trustee]
Subject to call at 105.
Bonds of Controlled Companies—
Am. Realty Co. 1st Ml 5g.J-J Port,Me.,U.S.D. AT.Co. 353,000 July 1
g lnt gu red par 8 f.]Union Safe Deposit & Trust Co., Portland, Me.,
Olcott Falls 1st M g__5g.M-S N. Y., Metr. Tr. Co.
389,000 Mch 1
X

1 ’18
1’16

1941 ‘
trus.
1919
PiercefleldPaper 1st M.5g.M S N. Y., Metr. Tr. Co. 428,000 Sept 1 1919
Umbagog Paper 1st M.5g.MAS Un.S.D. ATr.Co.,Port,
95,000 Sept 1 1918
REPORT.—For year ending June 30 1909 in V. 89, p. 1140.
Fiscal

Gross

income.

Cost raw ma-

Interest,

terials,mfg.,&c. taxes, Ac.

Dividends

Balance,

surplus.
$1,183,996 (2%) $448,134 $149,968
17.878.134
1,202,252 (5%) 1.120,335
515,583
N Burbank (President and
DIRECTORS.—Hugh J. Chisholm
A
Treasurer), F. B. Jennings, Warren Curtis, T. S. Coolldge, F. S. Flower,
R. Pagenstecher, G. F. Underwood, H. A. Wilder, Ogden Mills, W. A.
Whitcomb, Philip T. Dodge.
Sec. is E. W. Hyde.
Office, 30 Broad St.,
New York.—(V. 89, p. 1140; V. 90, p. 1428, 1493, 1557.)
INTERNATIONAL POWER CO.—ORGANIZATION.—Incorporated in
New Jersey on Jan. 14 1899.
Controls American A British Mfg. Co., with
plants at Providence, R. I., and Bridgeport, Conn.
(V. 68, p. 671; V. 84,
p.800; V 85, p. 287, 470; V.88,p. 1130), Owns Amoskeag Fire Engine Co.,
engines manufactured by Manchester Locomotive Works, Manchester, N.H.
V. 81, p. 1317.
Controls American Oil Engine A Ship-Building Co., with
plant at Worcester, Mass., and Trinity Zinc, Lead & Smelting Co., with
mines at Carthage, Mo., etc.
V. 79, p. 503, 215: V. 87, p. 1665.
STOCK.—Com., auth., $7,400,000; issued, $5,047,000. Pref., 6% cum.*
$600,000. Par all shares, $100.
»
year.

[VOL. LXXXXI.

INDUSTRIAL STOCKS AND BONDS

1908-09 .$18,238,477
1907-08
20,716,304

on

pref.

$16,456,379

.

DIVIDENDS.—
1900. 1901. 1902. 1903. 1904. 1905. 1906.
Preferred
%
6
7H
8)4
Nil.
16
Jan., 1
6
Common..
%
0
0
0
2)4
0
1
Jan., 1
Pres., Joseph H. Hoadley, 165 Broadway, New York.—(V. 85, p. 287).

INTERNATIONAL

SALT CO.—ORGANIZATION.—Incorporated In
In April 1910 owned (a) $3,589,000 of the $3,600,000
capital stock of the Retsof Mining Co., engaged in mining rock salt at Retsof, Livingston Co., N. Y.; (b) $300,000 stock (75% of entire Issue) of Avery
Rock Salt Mining Co., with mine at Avery Island, La.
(This stock Is in
treasury of Retsof Mining Co.); (c) entire $750,000 stock of Internat. Salt
Co. of N. Y., with producing plants In N. Y. State known as Watkins,
Ithaca and Cayuga.
V. 73, p. 724; V. 75, p. 551, 736; V. 76, p. 755; V. 77,
p. 1228.
In March 1910 the Western properties were re-sold to the original owners
for about $4,000,000, the debt being reduced as below stated, $450,000 In
cash received.
V. 90, p. 852.
History, status, Ac., In April 1910, follow¬
ing said sale, see official report, V. 90, p 1100.
A proposition to reduce
still further the capitalization (stock and bonds) was under consideration
New Jersey in 1901.

See V. 90, p. 852.
DIVIDENDS.—On Dec. 1 1905, 1%; 1906, 4% (Q.-M.); none since.
BONDS.—Of the 5s of 1901 ($12,000,000 auth. issue), one-sixtieth of
amount issued Is to be retired each year by sinking fund and canceled.
In March 1910 $2,420,000 were retired as the result of the sale of the West¬
ern properties, leaving $3,999,900 outstanding; $1,000,000 3-year collat.
trust notes will also be taken care of thereby when due, and $230,000 was
returned to treasury, leaving outstanding $365,000 6% collat. 6% notes
due July 1 1912.
V. 82, p. 1443; V. 90, p. 852.
REPORT.—For year ended Feb. 28 1910 (V. 90, p. 1100) showed profits

in March 1910.

properties still owned of $485,000; annual fixed and sink¬
ing fund charges, as reduced, $412,900.
Pres., M. B. Fuller; V.-P., M. M. Beldlng Jr.; Treas., W. H. BarnardOffice, Scranton, Pa. N. Y. office, 2 Rector St —
Sec., H. D. Fuller.
V. 89. p. 1413, 1545; V, 90, p. 852, 1100.)
for year of Eastern

INTERNATIONAL SILVER.—ORGANIZATION, Ac.—Incorporated in
of N. J. and acquired silver-plating properties—see
68, p. 232, 834,1024; V. 76, p. 106. Also has a large

Nov. 1898 under laws
V. 67. p. 1160; also V.




Amount

Rate

When

Outstanding

%

Payable

See text
None
6 g
6 g
See text
6 in 1909
5 g
7
5 g
8
6
5
5 g

Q—J

$6,028,588
1,085,343
3,459,000
1,873,000
17,762,500
11,350,000
8,500,000
2,000,000
700,000
485,000
194,970
1,500,000
1,053,000
1,000,000
1,500,000
8,143,000
836,000
165,000
5,045,000
10,000,000
2,500,000
5,176,000
4,275,000
2,500,000
4,000,000

190-

3,000;000

J
J

&
&

&
&
&
&

At will
D Dec 1 1948
J Jan 1 1933

S
N
J
J

July

Amer Exch Nat Bk, N Y
do
do
Apr 1 1905 H% Checks mailed
do
Aug 1-10 1)4%
NY Lon Paris & Amster
Sept 1 1929
May 2 1910 3)4 Checks mailed
Cent Real BAT Co, N Y
Jan 1 1921
July 1 1910 4% Checks mailed
1912
Company's Office
Aug 15’10,2 )4 % Checks mailed
36 Wall St, New York
June 1 1926
do
do
June 1 1926

&
&
&
&

A
D
D
j

5 g
6 In 1909
Q—F
F
&
A
5

July 1 1950
Aug 1 *10 1^% Office 50 State St,Boston
do
do
Aug 1913

&

J

Knickerbocker Trust Co
July 1 1935
June 1 1910 2% Checks mailed
Trust
Co of America, N Y
Oct 1 1937
Central Trust Co, N Y
Oct 1 1997
Jan 1 1939
Guara ty Trust Co, N Y
Franklin Trust Co, N Y
Mch 1 1922
Checks mailed
See text
do
Apr 1 *10, 3%
First National Bank.N Y
Apr 1 1928
Feb 1 1946
First Tr A Sav Bk, Chlo
Jan 1 1911

5 g
8 in 1909
5 g
6 g
4 g
6
See

See

1,984,000

See text

1,300,000

F
J
J
J

Places Where Interest and
Dividends are Payable

July 1 1910 2% Checks mailed

Q—J
Q—F
M
M
J
J

Last Dividend
and Maturity

J

Q—M
A
A
J
M

text Sftfl

text A
5 g
A

&
&
&
&

O
O
J
S

t,f»xt

&
&

o
o

&

J

5g
6 g

J

sterling silver output.
See V. 68, p. 334, as to rights of capital stock, plants,
&C.
V. 67. p. 1160; V. 68, p. 1024; V. 71, p. 545; V. 82, p. 990.
STOCK, Ac.—Com. stock Issued, $9,944,700, of which $9,259,288 in
treasury Jan. l 1910: pref., $6,607,500, of which $578,912 in treasury.
V. 88, p. 683, 752.
Owns all the stock of C. Rogers & Bro. of Meriden,
Conn. V. 76, p.106. Underlying bds., $127,600 Holmes & Edwards 1st 6s.
Also In Jan. 1903 scrip for unpaid divs. (21 M%) then due, $1,085,343.
DIVS.—
11900.
1901.
1910.
1902 to ’06.
1907.
1908. 1909.
On pref__%] 1 %
0
4 yearly
6)4
4 14
4H To July, 5H
In Jan. 1910, 1M% and )4% extra; Apr. and July, 1 M % and \i% extra.
REPORT for year ending Dec. 31 1909, with bal. sheet, In V. 90, p. 623,
showed net earnings, $1,611,625; lnt. on bonds, $321,352; dlv. on pref.
stock (5 )4%), $331,573; bal., sur., $958,700. Pres., Geo. H. Wilcox; Treas.,
Geo. M. Curtis, Meriden, Conn.—(V. 90, p. 505, 623, 1428.)
INTERNATIONAL SMELTING & REFINING CO.—V. 90, p. 1552.
INTERNATIONAL STEAM PUMP CO.—ORGANIZATION.—Incorp.
Mch. 24 1899 in New Jersey as a consolidation of 5 companies.
Official
statement in V. 68, p. 723: V. 72, p. 673; V. 71, p. 545: report, V. 75, p. 82;
V. 76, p. 1146; V. 89, p. 1671; V. 90, p. 376, 1293. New factory at Harri¬
son, N. J., was completed In 1904.
V. 75, p. 210.
In 1906 purch. Power A
Mining Mach. Co.; V. 82, p. 1044, 1159; V. 83, p. 54, 1410; V. 87, p. 483.
STOCK.—Stock authorized, $24,000,000 com. and $15,000,000 pref. as
increased by $5,500,000 com. and $2,500,000 pref. In May 1906 to acquire
the Power & Mining Machinery Co.
V. 82, p. 1044, 1159.
Div. on pref.
Aug. 1 1899 to Aug. 1 1910, both lncl., 6% per annum (1 )4% Q.-F.); on
com., July 1901 to July 1904, lncl., 1% quar.; Oct. 1904,
)4%\ in 1905,
Jan., 14%: April, )4%: none since to July 1910.
V. 81, p. 34. The stock
unissued Is set apart to retire the $2,000,000 7% cum. preference shares of
Henry R. Worthington Co. and $302,155 6% debentures and $485,000 8%
pref. shares of Blake & Knowles Co. Holly Mfg. Co. bds. see V.73,o. 1117.
BONDS.—In July 1909 $8,500,000 first lien 5% bonds were sold, the re¬
mainder of the $12,000,000 being reserved for Improvements.
A sinking
fund will retire one-half the Issue by maturity, bonds to be drawn by lot.
V. 89, p. 166, 290, 414, 1070; V. 89, p. 1671.
Debentures ($3,500,000 6s) were called at 105 and paid Oct. 28 1909.
REPORT.—Report for year ending March 31 1910, given In V. 90, p,
1674, showed net profits, $2,003,153; dlv. on pref. (6%), $681,000; lnt., Ac.
Pres., Benj. Guggenheim; Treas., Arnold
$737,728; bal., sur., $584,425.
Tanzer; Sec., Irwin C. Stump.
Office, 115 B’way, N. Y.—(V. 90, p. 1674.)
JEFFERSON & CLEARFIELD COAL & IRON CO.—ORGANIZATION.
—Organized under the laws of Pennsylvania in May 1896. See V. 62, p.
908; V. 63, p. 115.
Compare Buffalo Rochester & Pittsburgh RR. Maxi¬
mum amount so far shipped in one year, 2,595,161 tons.
STOCK.—The $1,500,000 common and $300,000 of the $1.500,000 of 5%

pref. stock Is owned by the Rochester & Pittsburgh Coal & Iron
mostly pledged as security for its bonds; V. 75, p. 1357).
1900.
1902 to 1905.
1901. k
1906 to 1910.
5
0
5% yearly.
None.
__1897 to Aug. 1 1910, 5% yearly (now 2 )4 F. A A.)
BONDS.—The sinking fund is 3 cents for each ton of coal mined, the
payments not to be less than $50,000 per annum.
Estimated that lsts will
be retired in 23 years and 2ds in 28 years 6 months.
In July 1910 filed
mtge. for $2,500,000, covering about 7,500 acres coal lands In Indiana Co.,
Pa., of which $1,500,000 Issued; remainder reserved for add’ns & lmprov’ts.
V. 85, p. 1341.
EARNINGS.—Year ending June 30 1909, gross, $1,478,260; net, $265,184- lnt.. taxes, s. f., $239,104; pref. div., $75,000; bal., def., $48,921.—
(V. 89, p. 1284; V. 90, p. 1242.)
JONES & LAUGHLIN STEEL CO.—(V. 90, p. 505, 1365.)
KANSAS CITY (MO.) GAS CO.—Organized in April 1897 In Missouri as
a consolidation.
Leased Nov. 16 1906 to a syndicate In which the United
Gas Improvement Co. Is interested for a period as long as lessee shall furnish
natural gas In Kansas City (present ordinance expires Sept. 27 1936).
Lease covers int. on bonds, sink, fund, taxes and dividends on stock (pay¬
able Q.-M.) at 2% for 1st year, 2)4% for 2d year, 4% for 3d year and 5%
for 5th year and thereafter.
The 5% rate begins Dec. 1 1910. See

non-cum.

Co. (the common

DIVIDENDS.—
Common, per cent
Preferred

1371.
Capital stock, $5,000,000, of which United Gas Impt.
majority; par, $100.
Bonds outstanding, $4,250,000 gold 5s due
April 1 1922, subject to call at 105.
Interest is payable A. & O. at N. Y.
omceof Guaranty Trust Co. or M. & N. In London. V. 65, p.277; V.67,p.28.
Report for year ending April 30 1905, V. 80, p. 2456; net, $428,117; lnt.,
$204,638; bal., $223,479.
Pres., Hugh McGowan.—(V. 84, p. 1371.)
(THE) KANSAS CITY STOCK YARDS CO. OF MISSOURI.—Owns
175 acres used for stockyards purposes.
Stock, $9,000,000, of which $658,000 reserved to retire the $750,000 convertible bonds of 1903 and $13,000
for bonds of 1900
Series 3 bonds dated Jan. 1 1910, of which $165,000
sold
Divs. of 6% yearlv paid for many years (Q.-F.) to Aug. 1910 lncl.
Chairman, Charles Francis
Report calendar year 1909, V. 90, p. 107.
Adams, 84 State St., Boston; Pres., C. F. Morse; Sec. and Treas., E. E.
Richardson, Kansas City.—(V. 88, p. 373; V. 90, p. 107.)
KEYSTONE TELEPHONE CO. PHILADELPHIA .—Owns “independ¬
ent” (of Bell) telephone system In Philadelphia and vicinity.
Total tele¬
phones In use June 30 1909, 30,000.
Stock, $2,500,000, all owned by Keystone Tel. Co. of N. J., having out¬
standing $1,936,850 pref. and $5,000,000 com. stock.
Majority of com.
stock (pref. has no voting power) held in voting trust expiring July 1 1912.
Bonds (1st 5s) subject to call, as an entirety only, at 108, beginning July 1
1908- $5,045,000 have been issued; $2,500,000 are reserved to acquire se¬
curities of other telephone companies, and the remainder of authorized $10,000,000 for future purposes at not over $600,000 yearly.
V. 81, p. 34;
V. 88, p. 1625; V. 89, p. 47.
Coll, trust 6s ($300,000 auth.), $180,000, secured by East. Tel. A Teleg.
stock, due $30,000 yearly to April 1 1916; East. T. & T. 5s, $250,000.
REPORT.—Report for year ending June 30 1909 in V. 89, p. 468.

V

84, p

owns a

Net. Renew. Resvs. Interest.
Surplus.
$567,952
$302,775 $265,177
(?)
1908-09
542,453
100,000
312,308
130,146
N. T. Folwell", Pres.; James Collins Jones, Vlce-Pres.
Main office, 135141 South Second St., Phlla.— (V. 90, p. 852; V. 91, p. 217.)
Gross.

Years

--

KINGS COUNTY

$1,126,030
1,073,462

ELECTRIC LIGHT & POWER.—Acquired In 1898, per

plan in V 67, p. 482, the entire $5,000,000 stock of the Edison Electric Il¬
luminating Co. of Brooklyn, thus uniting all the electric-lighting business

Brooklyn, N. Y. See V. 69, p. 177, 957; V. 70. p. 483: V. 80, p. 2216.
SECURITIES.—The authorized stock was increased In 1905 from
V. 83, p. 1232; V. 84, p. 393.
$5,000,000 to $10,000,000.
The $5,176,000 purchase money bonds are secured by deposit of $5,000,000 Edison stock In trust, by a 2d mtge. lien on the Kings County plant as

in

July, L910.J

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES

Date
Bonds

[For abbreviations, &c., see notes on first page]
La Belle Iron Works—Stock $10,000,000 authorized
First mortgage $2,500,000 gold redeemable (text)__
Uckawanna Steel—Common^tock $60,000,000 authorized.
Pref stk (also as to assets) 7% cum red 115 $10,000,000
First mortgage gold redeemable convertible (text)
F.c*
1st con M $35,000,000 g red 105 aft Mch ’15 conv__Un.xc*
Debentures $10,000,000 g red par aft Mch ’13 conv._N.xc*
Ellsworth coll pur money notes guar p & 1
(Equally) F
do
do
bonds guar p & 1 s f._ (secured.f
Lake Erie coll trust mtge gold guar p & 1 red 102 K
Ta
Laclede Gas Light—First mortgage gold
Ce.c*
Refunding and extension mortgage $20,000,000 gold
c*
Coupon notes gold
Lake superior Corporation—Stock $40,000,000.
1st and coll trust mtge gold $7,000,000 authorized
Income mortgage $3,000,000 gold
Bonds of subsidiary companies—See text
Lanston Monotype Machine—Stock $10,000,000 auth
Lehigh Coal & Navigation—Stock authorized $24,173,000__
First mtge canal 8,030 acres coal and 76 miles L & S RR._r
First mtge gold Lehigh & Susq RR (V 64, p 41) gold.FP.r
Second mtge (first mtge Nant RR) (V 65, p 367) gold._c*
Cons 3d M Canal Coal and 122 m RR; 2d M 26 m RR__FP.r
General mortgage for $15,000,000 gold
FP.r
Fund and Imp mtge $7,500,000 g (Ser A $2,962,000) .PIP.c*
Mackay Companies (The)—Common shares $50,000,000 auth
Pref (also as to assets) 4% cum $50,000,000 auth red 106__
Manufacturers Light &. Heat—Stock $25,000,000 (bonds text)

Par
Value

$100
1903

500 &c
100

1,000
1,000

50,000
1,000
1,000

100

See text

7
5
5
5
5
5
5
5
5
5

400,000

10,000,000
8,732,000
1,000,000

g
g
g

g
g
g
g

Quar.
A ' db
O Apr 1 1923

M
M
J
J
M

db
db
db
db
db

S Mch 1 1950
S Mch 1 1915
J Sep-Dec 31 '10
J Jan 1 1927
N May 1 1920

Q—F
A
F

db
db

May 1 1919
O Apr
A Feb

1 1934
1 1911

40,000,000
7,000,000
5 g
J
db
D Junel 1944
Oct 1
Oct 1 1924
3,000,000 Up to5%

6,000,000
24,156,80 5,000,000
1,992,833
500 dec
1,842,500
1,000
2,470,750
1,000
3,686,000
1,000
4,173,000
100 41,380,400
100 50,000,000
50 21,500,000

Various
Various

_

Places Where Interest and
Dividends are Payable

34,978,000

100
50

•

Last Dividend
and Maturity

$9,915,500 See text.
Quar
June|30 1910 2K Checks mailed
6 g
J
db
D Deo 1 1923
2,264,000
Pittsburgh or

10,000,000
500,000
5,643.000

1904
1904

1864
1867
1867
1871
1884
1898

Payable

15,000.000
10,000,000

100 &c

...

•

When

%

1,666

100 &c
1,000
1,000

-

Rate

1,000

1903
1910
1910
1907
1907
1905
1889
1904
1901

-

Amount

Outstanding

151

See
See

text See text
text Q—F28

4K
4 g
4 g

Q—J
Q——F

Wheeling

Office, 2 Rector St. N Y
do
do
do
do
do

Bank rsTrCo,
do
do

do
do
do
do
do
New York
do
do

Bank of Mont N Y. &o
5% paid October 1 1906

June30’l0 IK % Checks mailed
Aug 31 ’10, 2% Office, Philadelphia
do
July 1 1914
do
do
Apr 1 1914
do

J 15 db D June 15 1914
J
db
D June 1 1911

7
4 H g
Q—F
May 1
4 g
J
db
J July 1
See text
Q—J
July 1
4
Q—J
July 1
See text
Oct 20
Q—J

do
do
do
do

do
do

1924
do
1948
do
1910 1 H N Y. Canada and London
1910 1%
do
do
'06 1K% Checks mailed

.

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 con. mtge., see V. 67, p. 482, 842; V. 71, p.
493, 868.
The stockholders on Nov. 11 1909 authorized an issue of $5,000,000
6%
12-year debens. convertible Into stock after 3 years, to provide for develop¬
ment work of the company and the Ed. Elec. Ill. Co. for several
years.
Stockholders subscribed for $2,500,000bondsatpar,payable50% Mch. land
50% Sept. 1 1910 or optionally In full on the first of any month.
V. 89,
p. 922, 1143; V. 90. p. 306, 1428.
DIVIDENDS.—June 1900 to Mch. 1903, 1 K% quar.; since, 2%
quar.
EARNINGS.—For 6 mos. ending June 30 1910, gross, $2,107,060;
net,

$1,109,948; agst. $966,260 in 1909; charges, depreciation, &c., $610,698;
balance, surplus, $499,250.
REPORT.—For cal. years, Incl. Ed. Ill. Co. of Bklyn. (V. 90, p. 623); Net
Cal.
Cross
Deprecia- Bond
Bond
Divid’s Balance
Year. Earnings.
Earnings, tion.
Discount. Interest.
(8%). Surplus
1909.$3,733,840 $1,909,855 $430,261 $20,269 $617,754 $800,000 $41,572
1908. 3,613,470
1,865,712
404,856
24,783
606,560
800,000
29,513
Pres., A. N. Brady; 1st V.-P., A. M. Young; 2d V.-P. and Gen. Mgr.,
W. W. Freeman; Sec., J. H. Evans; Treas., P. R. Atkinson.
Office, 360
Pearl St., Brooklyn, N. Y.—(V. 90, p. 306, 623. 1428; V. 91,
p. 217.)
KNICKERBOCKER ICE CO. OF CHICAGO.—ORGANIZATION.—
Incorporated in Illinois In 1885. V. 77, d. 254; V. 82, p. 1325.
In 1906 Western Ice Co. acquired $2,932,300 of the $4,000,000 common
and $209,700 of the $3,000,000 preferred stock (per
plan In V. 83, p.
1527), giving for each share of preferred stock 90% in general and collateral
5s and $25 In stock, and for each share of common stock 80%
In bonds and
$45 In stock.
In Sept. 1907 certain minority stockholders represented by
a protective committee (J. N.
Wallace, Pres.; Central Trust Co'., N. Y.,
Chairman), obtained promise of 95 for pref. and 66 for com., but the first
Installment, due Feb. 1 1908, was defaulted.
V. 83, p. 1527, 1593; V. 84,
p. 341, 629; V. 85, p. 725; V. 86. p. 339, 1533; Y. 90, p. 452.)
DIVIDENDS.—
'98. ’99; ’00. ’01. ’02. ’03. ’04. ’05. '06. ’07.
’08.
Common (%)
0
0
0
0-.H1
0
0
4
0
2 scrip
Preferred (%)
6% yearly to Apr. 1910
A dividend of 2% on com. stock was paid Feb. 20 1908 In dividend war¬
rants ($79,994), redeemable at par:
V. 85, p. 1649; V. 86, p. 419.
A divi¬
dend for 9 months (4K%) was paid on
preferred Oct. 1 1909; 1910, April,
3%; payments hereafter to be A. & O.; V. 89, p. 229, 723; V. 88, p. 104.
BONDS.—Refunding mtge. dated 1906 secures $6,000,000 of 5% re¬
funding bonds, of which $2,077,000 was deposited to secure 5% 3-year gold
notes maturing Jan. l 1911, $439,000 were in sink, fund and
remaining
83,484,000 unissued.
V. 82, p. 932, 990.
REPORT.—Report for year ending Dec. 31 1909, in V. 90, p. 445, showed
net earnings, $789,887; Int. on bonds, &c.,
$181,141; redemption collat.
trust notes, $26,468; pref. div. at 6% calls for $179,889;
bal., sur., $402,389.
In 1908, net, $407,552.
OFFICERS.—Pres., John S. Field; Treas., Alexander Dahlman; Sec.,
Wm. A. Walter.
Offloe, 171 La Salle St., Chicago.—(V. 90, p. 376, 445.)
LA BELLE IRON WORKS.—See page 163.

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. 161, 437; V. 80, p. 1916; V.
81, p. 1668; V. 84, p. 393, 510, 689;
application to list, V. 90, p. 985)are: (1) Plant situated at West Seneca,
near Buffalo, N. Y., to manufacture
plate and all classes of structural steel
and other materials. In addition to steel rails and
bilets, having a capacity
of about 1,150,000 tons of finished
product per annum; (2) ore properties
In Minnesota, Michigan, Wisconsin and New
York, stated to have 55,000,000
tons of ore In sight; (3) 33,000 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 the Cornwall Iron Co.,
the first-named being leased, and about one-third of the stock of the Corn¬
wall & Lebanon RR. In 1906 acquired Ellsworth Coal
Co., owning over 16,000 acres of coal land. V. 83, p. 1593* V.
84, p. 269, 393.
FINANCIAL PLAN.—In Jan. 1910 the company announced a compenhensive financial plan which made
adequate provision for future financial
requirements and also for the payment on March 1 1910 of the $15,000,000
5% gold notes.
The present first consols now pledged as security for them
were canceled, and the
company Issued $10,000,000 first consol, mtge.
5% gold bonds, Series “A”
(convertible Into com. stock at par between
Mch. 1 1912 and Mch. 1 1922), and $10,000,000
5-yr. 5% convertible gold
debentures.
Both blocks were underwritten
by Speyer & Co. and offered
Feb. 1910 to stockholders pro rata at 85 and
95, respectively, payable 25%
at once and remainder on March 1 1910.
The stockholders on Feb. 15 1910
authorized, per plan In V. 90, p. 240,
985, (1) a mortgage to secure $35,000,000 of 5% 40-year first consoli¬
dated mortgage gold bonds, of which
$15,000,000 are reserved to take up
the first mtge. bonds due 1923 and
$10,000,000 for additional property
and improvements; (2)
$10,000,000 5-yr. 5% debentures and (3) $10,000,000 7% cumulative
pref. stock, to convert the debentures at the option of
the holders after March 1 1912.
The new first consols will cover all the real estate and
plant and all stocks
and bonds or obligations of other
corporations owned, including the stock
of the Ellsworth Collieries
Co. and all other property acquired by the 1st
consols.
After the discharge of the first
mtge. on the Ellsworth Collieries,
the sinking fund under that
mtge. will be continued for the benefit of the
1st consols.
Any of the bonds may be made convertible Into com. stock
on terms to be fixed
by the directors.
No further mtge. other than the first
consol, mtge. can be put on the
property while the debentures are out.
STOCK.—Of the $60,000,000 of com. stock
authorized, $15,000,000
Is reserved to retire convertible
bonds.
V. 76, p. 869.
Pref., see above.
As to $10,000,000 preferred
stock, see above.
bonds.—The 1st mtge. 5s of 1903 are convertible Into stock, $ for 8,
at holder s option up to
April l 1915.
V. 77, p. 34; V. 76, p. 437.
There are also outstanding
$1,775,000 Lackawanna Iron & Steel 30-year

1 1926, covering property In Pennsylvania. V. 76, p. 385.
58mu®
Ellsworth Collieries Co. made a mtge. dated Jan. 1 1907 to secure
$2,000,000 purchase money notes and
$6,000,000 sink, fund purchase
money bonds.
These securities are
guaranteed, prin. and int., by the
Lackawanna Steel Co.
V. 84, p. 393, 510.
The Lake Erie Co., whose stock
.«

«««

J®a!i
owned, has Issued $1,100,000 sink, fund
$3
A?,’220i
p«.afd
off; vr, deb.P-5s689.
Status Nov. 1907, V. 85.
As
to 1st
consol, and 8,4t
of
1910,

see above.

5s, of which
p.

1341.

NGS—For 6 mos. end. June 30 1910, gross Income, $2,011,002,
agst. $667,323 In 1909; Interest, sink,
fund,
balance, surplus. $1,108,036. V. 91, p. 97. depreciation, &c., $902,966;




REPORT.—Year 1909, in V. 90, p. 477, 847, showed; Gross sales and

earnings, $25,296,661; gross Income., incl. misc., $5,161,253; int., deprec.,
lmprovts., rentals, &c., $4,383,144; bal., sur., $778,109.
OFFICERS.—Pres., E. A. S. Clarke; V.-P., Moses Taylor; V.-P. and Gen.
Mgr., Charles H. McCullough Jr
Treas., J. P. Higginson; Sec., F. F.
Graham; Comp., Marshall Lapham. N. Y. office, 2 Rector St. (to be
moved to Buffalo during 1910).
Directors.—J. J. Albright, C. Ledyard Blair, E. A. S. Clarke, Warren
Delano Jr., B. S. Guinness, Adrian lselin Jr., Samuel Mather, J. G. Mc¬
Cullough, Ogden Mills, Moses Taylor P.vne, John J. Mitchell, James Speyer,
H. A. C. Taylor, Moses Taylor, Stephen S. Palmer, Cornelius
Vanderbilt,
Wm. K. Vanderbilt Jr., Robert B. Van Cortlandt, Henry
Walters, W. L.
Brown, Horace E. Andrews.—(V. 90, p. 980, 985, 1617; V. 91, p. 97.)
LACLEDE GAS LIGHT CO.—See page 163.
LAKE SUPERIOR CORPORATION (THE) —ORGANIZATION.—In¬
corporated In N. J. on May 19 1904 as successor, per plan V. 77, p. 1296, and
V. 78, p. 1784, 1909, of Consolidated Lake Superior Co.
Owns directly
or through Its ownership of the Ontario Lake Superior Co. all
the capital
stock of the various corporations centering about Sault Ste.
Marie, Canada.
(See list In Section of Jan. 1904 and compare V. 77, p. 771.)
Bounty
on Steel. V. 83, D. 627, 1413, 1526; V. 85, p. 1521.
The plants Include: Bessemer steel works and rail mill with
capacity for
producing about 800 tons of rails per day; two blast furnaces of about 500
tons daily
two
open-hearth
furnaces
of
tons
capacity;
about 180
per day;
by-product charcoal plant of twenty retorts and fifty-six bee-hive kilns;
Helen Iron ore mines; 106 miles of railroad completed and In
operation;
ore, freight and passenger steamships, nickel and copper mines and smelt¬
ers, ferro-nickel roasting plant, sulphurous acid works, machine
shops,
forge. Iron and brass foundry, car-bullding shops, two saw-mills of 160,000
feet dally capacity, veneer mill, ground wood-pulp mill of
dally capacity of
100 tons; sulphite pulp mill of 60 tons dally capacity, water-works and
elec¬
tric-light plant, two electric street railways, two water-power canals of
60,000 and 20,000 horse-power, and ferry across St. Mary’s River.
See also
V. 79. p. 1026; V. 81, p. 977; V. 83, p. 1096; V. 88.
p. 1004; V. 90, p. 1105.
In Jan. 1909 the Fleming syndicate acquired control and
undertook ex¬
tensive Improvements.
(See V. 87, p. 938; V. 88, p. 234, 1065; V. 89,p.916)
The stockholders May 6 1910 approved a plan (V. 90,
p. 1105, 1299) for
financing the completion of the Algoma Central & Hudson Bay Ry., now 90
miles In length, to a connection with the Canadian Pacific
Ry. (then to ex¬
tend from Sault Ste. Marie to White River, Ont., 203 m., with
branches;
total of all 225 m.)
$6,750,000 50-year 5% 1st mtge. redeemable gold
bonds to be Issued at $30,000 per mile, guar, by the Lake
Superior Corpora¬
tion, and $3,000,000 of the $10,000,000 1st mtge. & collat. tr. 5s Issued
by
the latter to be canceled, reducing the amount outstanding to
$7,000,000.
BONDS.—As to 1st mortgage and coll, trust 5s of 1904 (reduced to
$7,000,000), see Consolidated Lake Superior Co., V. 77, p. 771, 1296;
V. 78. p. 1784, 1909; V. 88, p. 1065; V. 90, p.
1105, and below.
First
dividend on incomes, 5%, Oct. 1 1906; 1907 to 1909, none.
There has been sold $3,600,000 (part of $5,000,000 Issue) Lake
Su¬
perior Iron & Steel Co. 3-year 6% first mortgage gold notes due May 1 1912,
but subject to call at par, guar. p. & 1. V. 88, p. 1Q04, 1065, 1200.
The Michigan Lake Superior Co., a majority of whose stock Is
owned. Is
In receiver’s hands; it has outstanding $3,500,000 1st
gold 5s due
1949.
On the other controlled properties there are In all $1,013,572 May 1
bonds
(V. 83, p. 382, 1102; V. 86, p. 1526; V. 87, p. 1482; V. 88,
p. 999; V. 90,

113, 1299; V. 91, p. 97.)
Algoma Central & Hudson Bay Ry. guar, bonds, see above.
*
EARNINGS.—Subsidiary cos. for 10 mos. ending April 30 1910, £198,963.
V. 91, p. 97.
For 5 mos. ending Nov. 30 1909, gross, $3,938,200,
against $2,874,200 In 1908; net, $729,400 (against $413,400), available
for Int. on $10,000,000 1st M. 5s, and for renewals.
V. 90, p. 170.
REPORT.—Report for year ending June 30 1909 in V. 89, p. 916,
showed: Total net Income, $566,511; Int., gen. expenses, taxes,
&c., $543,516: balance, surplus, $22,995.
DIRECTORS.—Thomas J. Drummond (Pres.), Montreal; J. Tatnall
Lea,,
Philadelphia, and W. K. Whlgham, London (Vice-Presidents); Thomas
Gibson, J. Frater Taylor, Toronto; Fred’k McOwen, Richard L. Austin,
Phlla.; John T. Terry Jr.,* H. Coppell and J. S. Dale, New York; Leander N. Lovell of New Jersey; H. M. Price, Quebec; Sec. and
Treas.,
Thomas Gibson.
Head office, Traders’ Bank Bldg., Toronto.—(V.
91.
p.

As to

p.

97.)

LANSTON

MONOTYPE MACHINE CO.—ORGANIZATION.—Incor¬
porated In Virginia In 1892. Manufactures for sale or rental automatic ma¬
chines for composing and casting type.
Controls Lanston Monotype
Corporation of London, England, with which it has contract for sales In
Europe.
V. 78, p. 2440; V. 84, p. 994.
Report for year ending Feb. 28
1910, In V. 90, p. 1487, showed: net sales, $1,358,678; net profits, $505,468:
dlv. (1 H%), $75,000; bal., sur., $430,468.

Stockholders on Oct. 28 1909 authorized an Increase In the stock
from
$5,000,000 to $10,000,000 and In the par value from $20 to $100, $1,000,000
of the new stock being subscribed for by stockholders at 60, payable on
or
before July 1 1910.
V. 90, p. 1105.
Dividends In 1906, 4% (A. & O.); 1907, April, 2%; 1908,
none; 1909,
Dec. 30, 1H%; 1910, Mch. 30, 1 K%; June, 1H%.
V. 85, p. 1341.
Pres., J. Maury Dove; V.-P. and Treas., J. Sellers Bancroft;
Sec., W.
Arthur Sellman; Asst. Treas., Joel G. Clemmer.
Office and factory,
1231-39 Callowhlll St., Phlla., Pa.—(V. 90, p.
1105, 1487.)
LEHIGH COAL & NAVIGATION.—Owns canal from Coalport to Easton,
Pa., 48 miles, and leases Delaware Division Canal, 60 miles.
Also owns
Lehigh & Susquehanna RR., Phillipsburg, N. J., to Union Junction, Pa.,
105 miles, with branches, 60 miles, and leases for 999
years Nesquehonlng
Valley RR., 17 miles; Treskow RR., 7 miles; other lines, 17 miles; total, 206
miles, of which 115 miles double track; but all these roads are leased for
999 years from 1871 to Central of N. J. RR., rental
being 33 1-3% of gross
earnings, with a minimum rental of $1,414,400.
Delaware Division Canal
leased for 99 years from 1866. In May 1904 control of the
Lehigh & New
England RR. was acquired.
V. 78, p. 1785; V. 79, p. 2646.
STOCK.—The new voting trust will expire March 1 1915 (R. Dale Ben¬
son, Edw. Walter Clark, Geo. H. Earle Jr., George H. Frazier, Ersklne
Hewitt and Lewis A. Riley, trustees; Provident Life & Trust Co. of
Phlla.,
depositary), with power to sell at not less than $175 per share; $15,894,950
held In trust ctfs. listed to July 1910.
V. 79, p. 2646, 2699; V. 80, p.
166, 602; V. 86. p. 1103; V. 87, p. 170; V. 89, p. 1351, 1486; V. 90, p. 505,
562, 1242, 1617.
The scrip dividend of 15% paid March 1 1910, calling
for $3,150,862 additional stock, raised the stock outstanding to $24,156,800.
V. 90, p. 55.
BONDS.—Gen. mtge. of 1884 covers 7,460 acres coal land, 48 miles canal
and 161 miles railroad; bonds are reserved to retire all prior Issues.
For
mtge. of 1898, see V. 67, p. 125; V. 70, p. 428; V. 81, p. 720; V. 84, p. 106.

Par
Value

Date
Bonds

MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]
Massachusetts Gas Companies—Common
Preferred 4% cumulative 525,00.0,000

stock

Sinking fund gold bonds redeemable at 105

...

OB
OB.c* &r

May Department Stores Co—Common stock $15,000,000
Preferred (as to assets) 7% cum redeem 125 (text)
Mergenthaler Linotype—Stock authorized $15.000,000
Mexican Telegraph—Stock authorized $5,000,000

1909

Prov L, H & P 1st Mggup & i s f red 105 begin Sept 1011
Morris & Co—First mtge $25,000,000 gold red 103.--FC.c6cr
Mt Vemon-Woodberry Cotton Duck Co—See Consolidated Co
National Biscuit—Common stock $30,000,000
Preferred stock 7% cum $25,000,000 (for bonds see text).
National Carbon—Common stock $5,500,000
Preferred stock 7% non-cumulative $4,500,000
--National Enameling & Stamping—Common stock $20,000,000

100

1,000
500 6bc

1897
1904
1902

1,000
100
100

1904

1,000

1899
1902

1,000
5,000

50

1902
1903
1906
1909
tton Duck

the mtge.
p. 107.

,

„

„

1910, practically all

30 1910; remainder
90, p. 55.
ANNUAL RFPORT.—Report for t909 was In V. 90, p. 847.
Coal mined

and marketed in 1909, 3.187.979 tons; in 1908,
1908.
Year end. Dec. 31—
1909.
From railroads
$2,278,055 $2,309,272
38,305
Canals (deficit)
18,904
1,613,298
Net profit on Lehigh Coal 1,227,656
243,670
Miscellaneous
167,736

3,116.645 tons.
1907.
1906.
$2,307,171 $2,305,053
33,011
1.634,927
233,195

37,886
851,307

Total receipts
$3,654,543 $4,t27.936 $4,142,282
Int., rentals, taxes, 6tc. $1,314,321 $1,396,154 $1,380,957
Dividends
(9) 1,813,976 (8)1,457,648 (8)1,387,604
Balance, surplus
526,245
1,373,721
1,274.133

$3,331,742
$1,327,132

213,267

(8)1,387,604

617,006
119,163
200,000
Pres.* W. A. Lathrop; V.-P.. Rollin H. Wilbur; Sec.-Treas., H. F. Baker.
Office, 437 Chestnut St., Philadelphia.—(V. 90. p. 1047, 1174, 1242, 1617.)
LEHIGH2& WILKES-BARRE COAL.—See C. RR. N. J. V. 90. p. 1428.
152.686
300,000

149,611
300,000

156,800
250,000

MACKAY COMPANIES (THE) .—ORGANIZATION.—A voluntary as¬

sociation formed under trust deed of Dec. 19 1903 and managed by seven
trustees to be elected annually.
Present trustees are: Clarence H. Mackay,
W. W. Cook, Geo. G. Ward, Edward C. Platt, M. W. Blackmar (New York),
R. A. Smith (Toronto) and H. V. Meredith (Montreal).
Owns entire

$23,000,000 stock of Commercial Cable Co. and the entire capital stock of
the Postal Telegraph Co.; also capital stock in other cable, telegraph and
telephone oos. m united States, Canada and Europe. See V. 84, p. 448;
V. 85, p. 407; V. 86, p. 476; V. 89, p. 848.
Rights of stock, V. 84, p. 870.
Div. on pref., 1% quar., paid April 1904 to July 1910, both lncl.
Dlv. on
com., Jan. 1905 to Jan. 1906 (ind.), 2% yearly (J. 4b J.); July and Oct.
1906,1% (quar.); 1907 to 1909,4% yrly.; 1910, Jan., 1 H%: April. 1M%
July, 1X %. The Mackay Cos. (holding co.) has no bonded or other deDt.
Report for year ending Feb. 1 1910 in V. 90, p. 500, showed: Dlv. received,
$3,808,779; gen. exp.,6:0.. $32,335; div. on pref. (4%), $2,000,000; div. on
com. (4 )i%), $1,758,667; bal., sur., $17,777.
Policy of the Mackay Com¬
panies is to obtain from subordinate companies only enough money to
meet the dividends on its shares, all surplus earnings being left in their
treasuries for extensions, development of business and reserves.
Office,
112 State St., Boston.—(V. 90. p. 500, 562, 702, 1428.)
MADISON SQUARE GARDEN.—See page 163.
(THE) MANUFACTURERS’ LIGHT & HEAT CO., PITTSBURGH.—
ORGANIZATION.—Incorporated In Pa. on Nov. 28 1899; re-incorporated
April 21 1903. Leases 483.885 acres of gas lands. V. 88, p. 503.
In

May 1910 arranged to sell a part of the West Virginia gas lands to the

Standard Oil Co. for a price said to be about $1,000,000, the Manufacturers
Co. to obtain a supply of gas for 20 years on a sliding scale.
V. 90, p. 1428.
Report of committee July 1 1910, V. 91, p. 217.
DIVIDENDS.—1903 to 1906, 6% yearly; none since.
V. 91, p. 157.
FINANCIAL PLAN.—Under the financial plan of 1906, as modified.
It was arranged to finance the floating debt of approximately $4,000,000
by providing about $700,000 yearly for 2 years and 9 months, $200,000
yearly Oct. 1 1909 to 1911 and remainder Oct. 1 1912. The stockholders
voted Feb. 26 1907 to authorize $3,000,000 bonds to be deposited with the
Colonial Trust Co. of Pittsburgh as collateral security to agreement relative
to floating debt.
V. 83, p. 1594; V. 90, p. 624; V. 91, p. 157.
BONDS.—
Date.
Interest.
Outstand'g.
Maturity.
Ft. Pitt Gas 1st M. g. duel 1900
June 30 ’ll
6 g. J 30 & D $100,000
$100,000 yearly...U.PI./
Int. at T. Mellon 6s Sons’ Bank, Pittsburgh.
M L&H 1st M, g, due $50, 11900
6 g. J A J
* $250,000 To Jan. 1915
000 yearly ($500,6BC.,ea.
Int. at Union Trust Co., Pittsburgh, Pa.
Wheel. 1st col. tr. M., g, [1903
6 g.FdtA
$1,057 000 To Feb. 1916
due $200,000 yearly
Int. at Colonial Tr. Co., Pittsburgh, Pa.
New mtge., $6,500,000, g. [1903
6g._M6:N $3,500,000 To May 1918
V. 76, p. 1252.
Int. at Union Trust Co., Pittsburgh.
j
Wheel, coll, bonds (several series) are subject to call from 102 to 105.
EARNINGS.—For 3 months ending March 31 1910, gross, $1,781,732,
against $1,539,221 in 1909; net, after taxes, $1,123,008, against $1,088,009
interest, discount, 6cc., $160,286; balance, surplus, $962,722.
REPORT.—For cal. year 1909, In V. 90, p. 624 (see also V. 91, p. 217),
showed: Gross earns., $5,336,423; net, $2,648,778; other Inc., $3,641; bond
Int., $370,260; other Int., $275,369; depr’n, $1,622,578; bal., sur., $384,212.
OFFICERS.—Pres., E. H. Jennings; Sec. and Asst. Treas., H. E. Sei¬
bert; V.-P. 6b Treas., L. A. Meyran, Pittsburgh.—(V. 91, p. 157, 217.)
MARYLAND COAL CO.—Controls 1,000 acres of land In Alleghany and
Garrett counties, Md., 1,500 acres in Taylor County, W. Va.. and 2.800
South Fork, Pa.
STOCK.—Pref. as In table, and in addition old com. $11,100. and
treasury stock $103,895.
Produced 156,785 tons In 1909; 150,905 tons In
1908.
Surplus earnings in 1909 over Int., 6sc., were $28,302: in 1908.

acres near

$91,454; diVB. in 1909 (2 )*%), $47,117; deficit for

year, $18,815.
DIVS.-l ’97. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08
1909
Newpf.%) 4 4 4H 5 5H 7 8H 8* 8 8 8 5
No. dlv. paid since June 1909.
V. 89, p. 1486. Pres., Henry B. Need¬
ham; V.-P’s, Wm. H. Ziegler and C. L. F. Robinson; Treas., J. W Gallo¬
way.
Directors Feb. 1910, V. 90, p. 377. Office, 1 Broadway, New York
-(V. 89, p. 1545; V. 90, p. 377, 506; V. 91, p. 97.)

J’£e,2*

MASSACHUSETTS GAS COMPANIES.—ORGANIZATION.—A volun¬
Oct. 1902, per plan In V. 74, p. 1311. Operates
by-product ooke ovens at Everett, Mass. The gas there produced
(over 8,000,000 cubic feet dally) is enriched and distributed for consumption
In Boston, through the Boston Consolidated Gas Co.
The Massachu¬
setts Gas Co. owns $15,110,600 of the $15,124,600 capital stock of the
Consolidated Co. (no bonds issued): also the $17,500,000 capital stock of
the reorganized New England Gas 6b Coke Co.
In June 1906 the Citizens’
Gas Light Co. of Quincy, Mass., was acquired, and In May 1908 control of
the Federal Coal A Coke Co. of Fairmont, W. Va.
V. 82, p. 1443; V 86
p. 1347.
In Apr. 1909 sold the electric business of Boston Consol. Gas* Co
tary association formed in
400




(4

15 in ’09
10
6 In 1909
6 in 1909
5 g
5 g
4 g
See text
6 in 1910

285,000
8,381,000
8.012.000
2,500,000
1,000,000
5,624,000
5g
10,000,000 See text
6
7,923,000
g

Corporation

Jointly and severally with Cent. RR. of N. J. guarantees $1,062,000,
Lehigh A Hud. River Ry. gen. 5s, prin. and int. V. 67, p. 788.
DIVID’DS.— \ *95 to ’09. ’00. ’01. ’02. ’03. ’04. ’05 to 08 ’09. 1910.
Percent
5
j 4 yearly.
6
5)4 6
7 8 yearly.
9 Pelow
In 1910, May, 4% (s.-a.); Aug., 2%: dlvs. to be quarterly hereafter.
V. 90, p. 1174.
Also 15% in non-interest-bearing scrip paid March 1
converted Into stock at par between March 1 and April
not converted purchased by the company at par.
V.

Payable

3=?
Q—M
Q—F
J
J
&
F
A
A
MAN

Q—F
F

A

A

J

A

D

J

6b

J

A A O
5
J
&
J
1,805,000
100 17.000,000 See text
Q—F
1,000
6,787,000
4H g J
6b
J
5 g
1,000
3,320,000
A
6b O
5 g
$ A £
1,500,000
M 6b S
1,000 12.500.000
4H g J 6b
J
100
100
100
100
100

The $1,418,600 Nesquehonlng Valley RR. stock, for which 4s of
of 1898 were Issued, was deposited with trustee in 1904. V. 79,

When

%

3,589,400
3,500,000
2,285.000

100

Michigan State Telephone—Common stock $6,000,000 auth.

$4,000,000 red any Feb 1-Michigan Telephone first mortgage gold
----c
Michigan State Telephone 1st mtge $10,000,000 g—OB.c*
Milwaukee Gas-Light—First mtge g $10,000,000 red 110..Ce
Minneapolis General Electric—Common stock $2,500,000...
Preferred stock 6% cumulative
First mortgage $8,000,000 gold subject to call at 110---Mon River Cons Coal & Coke—Pref 7% non-cum $10,000,000
First mtge $10,000,000 gold sinking fund (see text) -UPi.c*
Certificates of indebtedness due $200,000 yearly

Rate

See text

100
100
---

Pref 6% cum (also as to assets)

Amount

Outstanding

$100 $1,885,005 See text See text
100 25,000,000 See texti Q—F
100 25,000,000 4 in 1909 J
A D
6,000,000
1,000
4H g
100 15,000,000
100
5,000,000 See text
Q—J

Maryland Coal—Stock preferred (no bonds)

Sinking fund.....
Deprec'n on coal imp’ts.

[VOL. LXXXXI.

INDUSTRIAL STOCKS AND BONDS.

152

29,236,000
24,804,500
5,500,000
4,500,000
15,591,800

Places Where Interest and
Dividends are Payable

Last Dividend
and Maturity

June 30 ’09 2K 1 Broadway, New York

Aug 1 1910 1%

Office”, Boston

June 1 1910 2% Company’s
Boston, Mass
Jan 1 1929

Building, N Y
Office, 66 Broadway.N Y
July 15*10.2
Sept 1 ’10 1H%
Nov 1 ’10 1)4% Checks mailed
1917
Guaranty Trust Co, N Y
N W Harris 6b Co,NY6bB
Feb 1 1924
J
6b W SeUgman, N Y
1
May
1927
Aug 1 ’10 1X%
Aug 1 1910 3%
Dec 1 1934
City Trust Co, Boston
Jan 25’09 1 H% Checks mailed
Union Trust Co, Plttsb’h
1
Oct
1949
do
do
July 1 1917
Augl5’10 IH% Checks mailed
June 30 '10 2 Vx Tribune

Jan

(Company’s OfT.Bank ofl
1 Montreal or N Y Agcy j

1 1932

Apr 1.1933

Montreal 6s London
Chicago and New York
N Y,

Sept 1 1946
July 1 1939

text*

Q—J 15 July 15 ’10 1H First National Bank, N Y
do
do
Q—F May 31 ’10 1 H
See text
July 15 *10 1 Yx Checks mailed
Q—J
do
do
7 in 1909 Q—F 15 Aug 15 ’10 1 H
See text1
Q—J
July 1 ’05 H% Trust Co of America, N Y
See

7 In

1909,

and in 1909 (after June 30) acquired the gas business at the Newton 6b
Watertown Gas Light Co.
V. 88, p. 1133; V. 89, p. 1221. Sliding-scale
gas law to continue 10 years from July 1 1906. See V. 82, p. 1270. July 1
1907 reduced price of gas to 80 cts.
V. 84. p. 1555.
DIVIDENDS.—On pref. in 1903 to June 1910, 4% yearly (J. 6b D.).
On common, 1906, 2% each; 1907 to 1909, 3%; 1910, April, 1%; Aug.,
1 % (quar.).
In June 1910 $750,000 (4%) was set aside for dlvs. on common
stock, payable 1% quar. beginning Aug. 1910. V. 90, p. 1617.
BONDS.—The $6,000,000 4 Mis of 1909 have a sinking fund of $120,000
per annum for first 5 years and $180,000 thereafter.
No mortgage or pledge
of assets of company is to be made without equally securing the bonds.
V. 88, p. 104. 161.
The only bonds of the operating companies not owned

July 1909 were $250,000 Federal Coal 6b Coke Co. and $175,000 Chelsea
Gas Light Co. first mortgage bonds.
REPORT.—Report for year ending June 30 1909, with bal. sheet (also
earnings and bal. sheets of constituent cos.), was in V. 89, p. 1221, showing
divs. and int. received, $2,102,580; dlvs. on pref. stock (4%), $1,000,000;
int. and exp., $227,708; div. on com. stock (3%), $750,000; bal., sur.,
$124,871; total undivided earnings of all constituent cos., def., $52,850.
Latest earnings V. 91, p. 218.
OFFICERS.—Pres., C. Minot Weld: Treas., Wallace S. Draper; Sec.,
E. E. Page.
Office, Shawmut Bank Bldg., Boston. Old Colony Trust Co.,
transfer agent.
Massachusetts Trust Co., registrar.
TRUSTEES.—Charles Francis Adams 2d. Walter Cabot Bavlies, Samuel
Carr, Robert Clarence Pruyn, Joseph Ballister Russell, Frederick Elmer
Snow. Chas. Augustus Stone, Albert Strauss, Christopher Minot Weld.
ert Wlnsor.—(V. 89. p. 1351; V. 90, p. 1242, 1617; V. 91, p. 218.)

MAY DEPARTMENT STORES

Rob¬

CO.—ORGANIZATION.—Incorporated

in New York on June 4 1910 and took over the Shoenberg Mercantile Co. of
St. Louis- (operating the "Famous”), May Shoe 6b Clothing Co. of Denver,

Colo., and May Co. of Cleveland, Ohio. V. 90, p. 1617.
STOCK.—No mortgage or encumbrance can be placed without consent
of 75% of each class of stock.
A "special surplus account” of not less than
$150,000 yearly is to be set aside before any dlvs. are paid on the common
stock, to be used to purchase and retire pref. stock at not over 125 (In the

No div. shall

added

first three years this sum may be
to general surplus).
be declared on the common stock until $250,000 Is in the “special
account” nor more than 4% in any one year until the
count” shall amount to $1,000,000.

EARNINGS.—For year

surplus

"special surplus ac¬
ending Jan. 31 1910, gross, $12,783,873; net.

$1,271,728, against $927,872 in 1908-09.
Pres., David May.—(V. 90, p. 1617, 1681.)

MERGENTHALER LINOTYPE—Report for 1908-09, V.

89. P- 1278,

showed net, $2,642,468; dlvs. (15%), abt. $1,735,483; bal.. sur., $906,985.
In 1909 purchased control of British Linotype 6b Machinery, Ltd.
with it the Canadian Linotype business and assets), and Mergenthaler
Setzmaschinen Fabrik.
This will Increase the stock outstanding to $13,-

(and

857,100: $12,786,700 issued June 1910.
V. 88. p. 509, 567,
DIVIDENDS.
\ ’95. *96. ’97. ’98 to ’00. ’01. ’02
Percent

J10H 16 16)4

20 y’ly.

948 , 689.
to ’09.
1910.

13H *15 y’ly. ToJune.5

2)4% quar. (Q.-M.) and in Dec. 5% extra.—(V. 90. d. 702.)
MEXICAN LIGHT & POWER CO.—(V. 90. p. 506. 1494. 92.)
MEXICAN TELEQRAPH.—Company organized in 1878 under laws of
N. Y. State.
Has a cable from Galveston to Tampico and Vera Cruz, 738
Also direct cable from Gal¬
m.; land line, Vera Cruz to Mexico City, 267 m.
veston, Tex., to Coatzacoalcos, Mex., 825 m., duplicating the Mex. Tel. and
Cent. 6b So. Am. Co.’s Gulf cable system, and a third cable completed July
1905.
Owns part (738 miles) of new cable completed Aug. 1907 between
New York and Colon, Isthmus of Panama, remainder being owned by
Cent. 6b So. Am. Telegraph Co.
V. 84, p. 1117. Owns 5,768 shares of
the Cent. 6b South Am. Telegraph Co., which see.
DIVIDENDS.—In 1882 to 1886, ind., 8% yearly; from 1887 to July
1910, both Ind., at rate of 10% per annum (2H% Q.-J-): also June 1 1906,
50%, and June 1 1909, 25% Instock. V. 82. p. 1104,1384; V. 88. p. 1134.
EARNINGS.—For 6 months ending June 30 (partly estimated.)
6 Mos.—
Gross.
Net.
Mex.Govt.
Dividends.
Bal.,Sur.
1910 (estimated). $438,000
$379,000 $19,000 (5%)$179,470 $180,530
1909 (estimated). 382,500
321,500
16,000 (5%) 161,473
144,027
REPORT.—Report for year ending Dec. 31 1909 In V. 90, p. 912,
showed: Gross, $848,597; net, $688,391; Mex. Govt, share, **4.569; lm•

prov’ts, $68,565; dlvs., $340,942; mlscel., $10,121; bal., sur., $234,194.
66 B’way, N. Y —(V. 90, p. 853, 912.)
MICHIGAN STATE TELEPHONE CO.—ORGANIZATION.—Incor¬
porated in Michigan on Jan. 30 1904, per plan V. 75, p. 33, 1034. In July
1910 the American Teleph. 6b Teleg. Co. acquired control of the $3,500,000
stock, the minority stock being offered the same terms, viz., 4 shares of
American for 5 of Michigan stock.
V. 91, p. 218.
Stations Dec. 31 1909, 132,270.
V. 88, p. 161.
DIVIDEND.—On pref., 1)4% quar. to Nov. 1 1910.
On com., 1908,
4%; 1909, 6%; 1910. Mch., 1H%; June, 1«%; Sept., 1 H%.
....
BOND&.—Of the bonds, $285,000 are reserved to retire underyling bonds
and the remainder unissued for 75% of cost of extensions, improvements,
Ac.
V. 86, p. 921, 1103; V. 88, p. 380, 1005.

J. A. Scrymser, Pres.,

REPORT.—Report for year ending
showed: Gross, $3,819,630; net. $825,251;

Dec. 31 1909, in V. 91, p. 37,
Interest, $,443,260; dlv. on pref.
$207,510; bal., sur., $37,-

stock (6%), $136,972; dlv. on com. stock (6%).
509.
Year 1908, gross, $3,413,280; net, $882,200.

OFFICERS.—Chairman of Board, N.

W. Harris; Pres., N. C. Kingsbury:

V.-P. and Gen. Mgr., B. W. Trafford; Sec., W.
Burrows.
Office, 20 Clifford St., Detroit.—(V.

I. Mlzner: Treas., W. L.
91, p. 218.)

CO.—ORGANIZATION.—Incorporated in
On July 1 1904 the price
p. 2602; V. 83, p. 1293.
through West. Gas Co.
(V. 88, p. 752.) In 1907 stock was increased to $5,000,000. V. 85, p. 164.
Of the $1,988,000 bonds remaining unissued, $100,000 is reserved to take
up $80,000 Office Co. 5s, subject to call after 1905, and the remaining
$2,600,000 can only be issued at par for 80% of the actual cost of extensions
and Improvements.
See V. 78, p. 481,1199; V. 79, p. 631; V. 80, p. 602.
MILWAUKEE GAS LIGHT

Has perpetual franchise.
1852.
V. 74, p. 1199.
of gas was reduced and again Jan. 1 1907.
V. 78,
Am. Lt. 6b Trac. Co. owns practically entire stk.

DIVIDENDS.—Not less than 6% yearly (J. 6c J.) paid for 45 years to
July 1905 lncl.; 1906, Jan., 2)4%; Apr., 1 H%; July, 1«%; Oct., 1)4%:
1907, Jan., 1 )4%; March, 1.95%; later divs. not made public.
Year ending Sept. 30 1908, net, $934,310; int., $320,477; bal., sur.,
$613,833.
Chairman, Emerson McMlllln; Pres., Allison P. Lathrop.—
(V. 91, p. 157.)
(The) MINNEAPOLIS

GENERAL ELECTRIC

—Incorp. in N. J. Jan. 9 1899. V. 68, p. 824;
Stone 6b Webster are Gen. Mgrs.

CO.—ORGANIZATION.

V. 77, p. 773; V. 86, p. 173

INDUSTRIAL STOCKS AND BONDS

July, 1910. J

MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]

Date
Bonds

Par
Value

Nat Enam ft Stamp—(Con)—Pref stock (as to assets) 7% cum
First M g $250,000 due yrly deposit made to retire bds. _ SSt
Refund nrat mtge real estate sink fund g red text__C«xc&r*

1901
1909

$100
1,000
1,000 dec

National

Fireproof In g—Common stock $4,500,000

Preferred stock 7% non-cumulative $8,000,000..
First mtge $2,500,000 gold red par $250,000 due yearly..N

National Lead Co—Stock common $25,000,000 authorized..
Pref (also as to assets) 7% cum $25,000,000 red par begl910
National Sugar—Common stock $10,000,000
Preferred stock 8% cumulative $10,000,000
New Central Coal—Stock $1,000.000
New Eng Cotton Yarn—Common stock $8,900,000. guar 7 )4 %
Preferred stock $2,000,000 6%. div guar
First mtge $8,500,000 gold s f subJ to call at 110
NB.c*
New England Telephone ft Telegraph—Stock $50,000,000...
Bonds Series 8, 7 and 8 $500,000 each not subject to call..
Bonds $1,000,000
New York Air Brake—Stock $13,000,000 authorized
First mortgage

$3,000,000 gold convertible text

Ce

Amount

Rate

When

Outstanding

%

Payable

50
50

1908

1,000
100
100
100
100
20
100
100

1899

1,000
100

’95-'’99
1900

1,000
1,000

1908

100 dec

100

$8,546,600 7 in 1909
500,000
2*
5 g
3,500.000
4,461.300 See text
7,900,500 See text
5 g
1,000,000
20,750,000 See text
24,483,600 7 In 1909
10.000,000
10.000,000 6 in 1909
1,000,000 4 in 1909
7)4
3,900,000
6
2,000,000
5 g
5,060,000
39.178.100 6 in 1909
5
1,500,000
4
1,000,000
10,000,000 See text
3,000,000
10,000,000 4

in6lfo9

New York Dock—Preferred stock 5% non-cum (text)__Usm
100
First mortgage $13,000,000 gold caU at 105...._Usm.c&r 1901
500 dec 11,800.000
4 g
New York & East River Oas Co—New York Edison Co- -See C onsolld ated Gas Co.
New York Oas. Electric Light. Heat & Power—See ConsolJ dated Gas
N Y & Hoboken Ferry Co—Hobok Fy 1st con M red.Usm.c* 1898
5
1,000
4.100,000
N Y/& New Jersey Ferry two mortgages (V 82, p 184)
1896
5
1,000,000
N Y & Hoboken Ferry general mortgage gold $4,000,000.
1898
1,000
5 g
3,300,000
100
3,500,000 6 in 1910
Y Mutual Tel—Mut Union Tel first mtge gu not drawn. Nc 1881
6 g
1,000
5,000,000

»Y Mutual Oas Light—Stock (bonds see Consolidated Gas)

STOCK.—The shareholders voted Jan. 17 1910 to issue $1,000,000 additional com. stock, which was offered to stockholders at par, payable
March 2 1910, making $2,500,000 common stock out.
V. 90, p. 55. 306.
DIVIDENDS.—On pref. to Aug. 1910, 6% yearly (F. db A.).
On com.,
1906 to Aug. 1909, 4% (2% F. db A.); Nov. 1909 to May 1910, 1 )4% quar.

(6% yearly); in Aug. 1910, 1 K%.
BONDS.—Of the 5s of 1904 ($8,000,000 authorized), $5,624,000 have
been sold to retire underlying bonds and extend the company’s plant; and
the remaining $2,476,000 are reserved for 80% of cash expenditures, to be
made as required.
Sinking fund 1 % of outstanding bonds. City Trust Co.
of Boston is trustee. V. 80, p. 223; V. 86, p. 52; V. 87, p. 1536.
EARNINGS.—5 mos., j 1910
Gross, $520,523; net, $317,890
Jan. 1 to May 31.
\1909
Gross,
459,992; net,
265,154
Surplus over charges, $159,791; against $114,500.
REPORT.—Year ending Oct. 31 1909, gross, $1,108,756; net, $644,681;
Interest charges, $366,886; balance, surplus, $277,795.
Pres., Mart B. Koon; Trees.. Henry B. Sawyer; Sec., A. K. Todd.
Ex¬
ecutive office, 147 Milk St., Boston.—(V. 90. p. 1175; V. 91, p. 98.)
MONONQAHELA RIVER CONSOLIDATED COAL & COKE CO.—
(“River Coal Consolidation.0)—Incorporated In Pa. in June 1899 to con¬
solidate coal interests along the Monongahela River, and coal traffic to
New Orleans. Ac., including 200 steamers and 4,000 ooal boats and barge
and ooal elevators, dbc.
Owns between 33,000 and 34,000 acres of coal,
exclusive of surface.
See constituent concerns, V. 69, p. 1065; V. 72. p.
876, 939; V. 74. p. 99; V. 76. p. 264; V. 78. p. 1278; V. 84. p. 155.
In Sept. 1903 the Pitts. Coal Co. purchased $15,000,000 of the $20,000,000
oom. and $2,500,000 of the $10,000,000 pref. stock at $15 and $45 per $50
share, respectively. Operated separately. V. 77, p. 630, 774, 1297.1750.
PREF. DlVS.lJtily ’00 to Jan. *04. *05. *06. Jan.*07. July *07 to *08. *09.
Percent
/
7% yearly.
7 yearly (J AJ) 1H
1.54 1.94 4)4
To July 1910, no dividend since 1K% paid Jan. 1909.
BONDS.—A sinking fund of 5c. per ton of l)4-lnch coal mined and
shipped retires bonds annually about Dec. 1 If purchasable at a reasonable
price; to Nov. 1 1909 $2,077,000 were canceled. Car trusts Oct. 1909,
$242,000; mortgages, $165,818.
EARNINGS.—For 6 mos. ending April 30 1910, net, $553,505, against
$778,969 in 1908-09; def. after int., taxes and depreciation, $90,791, against
sur. $119,296 In 1908-09.
V. 90, p. 1494.
REPORT for year ending Oct. 31 1909, with bal. sheet, was In V. 90,
p. 234, showing profits after charges of $333,254; loss from storm on Sept. 20
1909, $709,409; bal., def., $376435. Pres., Alexander Dempster; VlcePres., Geo. W. Thelss; Treas., W. Hamilton Brunt; Sec., J. W. Barber:
Pittsburgh, Pa,—(V. 89, p. 166, 596, 849: V. 90. p. 234. 631. 1494.)
MONTREAL LIGHT, HEAT ft POWER CO.—ORGANIZATION.—In¬
corporated by special Act of Quebeo Legislature March 28 1901. Controls
the gas. electric light and power business of Montreal and suburbs; also two
hydraulic stations for generation of electricity, in operation In the fall of
1903, to have a capacity of 28.000 horse-power, viz.: one hydraulic plant,
Lachine, Que., and one at Chambly, Que. Controls output for island of
Montreal of Shawlnlgan Water Power Co., also the output of the Provincial
Lt., Ht. A Pow. Co., which has built a 15,000 h.-p. plant on the Soulange
Canal to develop the surplus waters thereof.
V. 83. p. 216; V. 88, p. 380.
Properties owned, see V. 74. p. 580; V. 75, p. 238; V. 76, p. 923; V. 80, p
2456.
Late In 1909 the Shawlnlgan Water A Power Co. purchased $700,OoO
Of the stock.
V. 89. p. 1599; V. 90, p. 695.
DIVIDENDS.—1*01 to *05. 1906. 1907. 1908. 1909.
Per cent
J4 yearly. 4)4
5)4
6
6)4

1910.

IK, IK, IK. (—)
BONDS.—Royal Trust Co. of Montreal Is trustee of both mortgages.
Of the 4 He of 1902, $901,000 were reserved to retire an equal amount of
underlying bonds and $523,000 for Improvements. The unissued Lachine
bonds are reserved, viz., to pay for balance of sub-company 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. The
$1,500,000 Provincial L., H. A P. 5s are guaranteed, p. A 1. V. 88, p. 380.
REPORT.—Report for year end. Apr. 30 1910 was In V. 90, p. 1553.
Year.

Gross.

Net.
Interest.
Dividends.
Bal.,Sur.
$2,392,068
$480,867
(7%)$1,190,000 $721,201
1908-09... 4,079,769
2,335,116
489,268
(6%) 1,020,000
725,848
OFFICERS.—Pres., Herbert S. Holt; V.-P., Rodolphe Forget; Sec.Treas., J. S. Norris.—(V. 90, p. 1553.)
MORRIS ft CO.—V. 89. p. 48.

1909-10.__$4,240,946

NATIONAL BISCUIT.—Incorporated under laws of N. J. In 1898.—
V. 66. p. 288, 901; V. 71. p. 545; V. 77, p. 92; V. 80, p. 870; V. 82, p. 388.
DIVIDENDS.— 1 99.

Common,
do

regular..}
1
extra

.

*00 to *05.

*06.

4 yearly.

4% 5
4111

*07.

*08. ’ 09.

5K

1910.

>

To July, 4)4

BONDS.—These include N. Y. Biscuit first 6s (M. A S.), due March 1911,
$59,803: coupons paid by First Nat. Bank, N. Y. Am. Biscuit A Mfg.
first 6s (F. A A.), due Aug. 1910, $545,000; coupons paid by Central Trust
Co. of Illinois, Chicago.
$5,000 5s due Nov. 1910.
ANNUAL REPORT.—Report for year ending Jan. 31 1910 (V. 90,
p. 557) showed: Sales for year, $42,720,543; net profits, $3,978,576; dlvs. on
pref. (7%). $1,736,314; div. on com. (6%), $1,754,161; bal., sur., $488,101.
DIRECTORS.—A. W. Green (Pres.), John D. Richardson (1st V.-P.),
F. M. Peters (2nd V.-P.), F. A. Kennedy, B. F. Crawford, Wm. H. Moore,
L. D. Dozier, H. J. Evans, F. L. HIne, S. S. Marvin, T. S. OUlve, N. B.
Ream, J. B. Vredenburgh, H. M. Hanna, S. A. Sears.
Sec. and Treas. Is
F. E. Bugbee; Asst. Treas., J. U. Hlgtnbotham.
Office, 15th St., 9th and
10th aves. N. Y.—(V. 88, p. 454. 503, 509; V. 90, p. 450,
557. 702.)
„

NATIONAL CARBON CO.—ORGANIZATION.—Incorporated In New

Jersey on Jan. 16 1899. V. 68, p. 85, 130. Dlvs. on pref., 1899, 3)4%: 1900
to Aug. 1910, 1 K% quar. Div. on com., 1905
3% (J. A J.), 1906 to July
1909, 4% y ly (Q.-J.); Oct. *09, 1 K%; *10, Jan., 1)4%; Apr., 1)4%; July,
1 )4%.
Report tor 11 mos. end. Dec. 31 *09, with bal. sheet, in V.90,p.558;
showed: Net earns., $1,211,439; dlvs. 9 mos. (5K%) on pref., $236,250;
dly. (4 K%) on com., $261,250; depreciation, $296,323; bal., sur., $417,616.
Pres., James Parmelee; Treas., H. E. Hackenberg; Sec., J. S. Crider. Main
offloe, Cleveland.—(V. 90, p. 558.)

NATIONAL ENAMELING ft STAMPING CO.—ORGANIZATION.—
Incorporated in New Jersey on Jan. 21 1899. See prospectus In V. 68,
.




M
J

Quar
&
&

153
Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

June 30 '10 1 H Trust Co of America, N Y
S Sept 1 1910-11 St Louis Tr Co, St Louis
D June! 1929
Central Trust Co, N Y

Aug25,03 1)4% Checks mailed

do
July 15 *10 1%
£3
A
db O Apr 1911-1916 New York Trust

Q—J
Q—M

Co, N Y
H 111 Broadway, New York
Sept 15 1910 1 H
do
do
Oct

1 1910

Q—J July 2 1910 1)4 Checks mailed
See text May 2 1910 2% Co’s Off, 17 Batt PI. N Y
A
db
O Apr 1 *10 3K%
F

Q—F

Aug 1 *10,1)4 %

A Aug 1 1929
Q—M J’ne 30 19101H
db
A
O 1915, ’16 db ’19
db
J
J Jan 1 1930
July 29 ’10 1 H
Q—J
M db
N May 1 1928
A
db
O Apr 151910 2%
F
db A Aug 1 1951
M
J
J
J
M

db

db
db
de
db
db

Nat Shawmut Bk,Boston
125 Milk Street, Boston
Nat Bk Commerce, Boat
do
do
Office, 165 B’way, N Y
Central Trust Co, N Y
Checks mailed
U S Mtge A Tr Co, N Y

N Y, Office Del L db W
do
do
do
do
May 1 1948
July 9 1910 3% Checks mailed
N Y, Western Union Tel
May 1 1911

May 1 1946
Jan

1 1946

4% yearly; 1905, Jan., Apr. and July, )4% each; none since to July 1910.
V. 81, p.617.
Decision Dec. 1906, V. 81 o. 215; V. 82, p. 755; V. 83.D.1415,
BONDS.—The $3,500,000 refunding first mtge. real estate 5s of 1909.
were sold to retire the floating debt, sufficient of the proceeds being
depos¬
ited to pay off the $500,000 bonds due Sept. 1910 and 1911. The bonds will
be subject to annual drawings at 105 in amounts increasing yearly from
$108,000 to $263,000.
See V. 88, p. 1502; V. 90. p. 170.
Report for year ending June 30 1909 was in V. 89, p. 467, showing, net.
$807,407; int. on 1st M. bonds, $39,583; div. on pref. stock (7%), $598,262:
bal., sur., $169,562; total surplus, $1,229,512; and $1,500,000 general
reserve account.
For 5 mos. ending Nov. 30 1909, net (after charging off
bad debts), $498,122; int. on bonds, $99,164; pref. div. (at 7%), $249,275;
bal.. sur., $149,681. Chairman, Fredk. G Nledringhaus; Pres., F. A. W.
Kieckhefer; Sec., Wm. H. Matthal; Treas., A. M. Stemhardt. N. Y. office,
63 Fulton St.—(V. 88. p. 1502; V. 89, p. 48, 415, 467; V. 90, p. 170.)

NATIONAL FIREPROOFING CO.—Incorporated in 1889; name waa
changed in 1899 from Pittsburgh Terra Cotta Lumber Co. Controls
29

plants adjacent to various cities between Boston and Chicago,

4,000

over

of ooal and day lands, patent rights, etc.
Manufactures porous
cotta, fireproofing, hollow tile, building blocks, Ao.
Properties
owned, see V. 72, p. 296, 1191; V. 76. p. 651.
BONDS.—Of the bonds, $2,000,000 were sold, balance to be held for
future use.
The cash and quick assets, until payment of the bonds, over
all other liabilities, shall never be less than $2,000,000.
V 82. p. 1104.
DIVIDENDS.— *00. *01. *02. *03. *04. *05. *06. *07. *08. *09.
1910.
Preferred (%)
7
7
7
7
1
1K
5M
5
2
0 ToJuly.Sj
Common (%)
5 4)4
3K
0
0
0
0
0
0
REPORT.—Report for cal. year 1909 in V. 90, p. 623, net earnings.
acres

terra

$467,834; reserve, $100,000; pref. div. (1%), $79,005; bal,, sur., $288,829.
DIRECTORS.—D. F. Henry (Chairman), W. D. Henry (Pres.), R. W.
Allison, Henry M. Keasbey and E. V. Johnson (Vice-Presidents), John
R. Gregg, Fred Gwinner Jr., W. A. DInker, James J. Booth, John H. Jones.
T. Hart Given, Hay Walker Jr., W. A. Stone, E. H. Straub and J. B. Fin¬
ley. Treas. is J. P. Robbins and C. G. Jones is Sec.—(V. 90, p. 62S.)
NATIONAL LEAD COMPANY.—ORGANIZATION.—Organised unde*
the laws of New Jersey on Deo. 7 1891.
It controls extensive plants
In different States for manufacture of white lead, Ao.
V. 89, p. 223.
In
1906 the whole or greater part of the United Lead Co. stock was acquired.
V. 84, p. 697, 160
In 1907 purchased Magnus Metal Co. V. 84, p. 452*.
In March 1910 acquired stock in U. S. Cartridge Co. of Lowell. V. 90, p. 631.
STOCK.—The preferred stock Is entitled to 7% per annum cumulative,
and subject to call at par from Jan. 1 1910.
V. 60, p. 349; V. 88, p. 1370.
DIVS. f’94. *95. *96. *97. *98-*00. *01-*05. *06. *07. *08. *09,
1910.
Common. I 3
1
0
0 1 y*ly.
0
2 4)4
5
5
Below
Preferred were 7% yearly (l K% Q.-M.) to Sept. 1910. inclusive.
In 1910, on common, Jan., Apr. and July,
1)4% each; Oct. 54%.
V. 91, p. 218.
ANNUAL REPORT.—The annual report for 1909, In V. 90. p. 975,
showed: Net earnings. $2,993,420; dlvs. on pref., $1,705,732; div. on com..
5%, $1,032,770; bal. for year, surplus. $254,918. Total surplus Dec. 31
1909, $4,713,373.
In 1908, net earnings, $2,902,753.
DIRECTORS.—L. A. Cole (Pres.), R. P. Rowe.’W. W. Lawrence and
G. O. Carpenter (Vice-Presidents), E. F. Beale, R, R. Colgate, E. C. Goshom, H. M» McChesney, A. P. Thompson, Walter Tufts, C. F. Wells, Daniel

Guggenheim,

Murry

Guggenheim, Edward Brush and E. J. Cornish.

Sec. Is Charles Davison.

N. Y. office. 111 B’way,—(V. 91, p. 218.)
NATIONAL SUGAR REFINING OF NEW JERSEY.—Incorporated in
New Jersey on June 2 1900 and took over the New York Sugar Refining
Co.’s (Doscher) refinery. Long Island City, the Mollenhauer
refinery,
Brooklyn, N. Y., and the National refinery, Yonkers, N. Y.
American
Sugar Refining Co. owns one-quarter of stock. The capacity Is 10,000
barrels dally.
V. 70, p. 1098; V. 71, p. 31; V. 77, p. 1877.
Dlvs. on
pref.: 1)4% (Q.-J.) paid Oct. 1900 to July 1910 inclusive.
No bonds.
Pres., J. H. Post.
New directors, Jan. 1910, V. 90, p. 170.—(V. 90, p. 450).
NEWARK CONSOLIDATED GAS.—See “Electric Railway” Section.
NEW CENTRAL COAL (MD.).—Owns ooal lands in Allegheny County,
Maryland. Tons mined In 1898, 203,677; net profits, $37,397. In 189A
reduced the stock from $5,000,000 to $1,000,000 and shares from $100 to,
$20.
V. 66. p. 901, 1140; V. 64. p. 515.
.

DIVS. f *98. *99. ’00. *01. ’02. ’03. *04. ’05. *06. ’07. *08. 1909.
Since ’971 24.20
0
4244244
New York office, 17 Battery Place.—(V. 85. p. 134.1.)

1910.

May, Z

NEW ENGLAND COTTON YARN.—A consolidation of 9 yarn mills of
Bedford, Fall River and Taunton. V. 69, p. 28, 81, 181; V. 70, p.
587, 1294.
Total, 531,000 spindles. V. 71, p. 345; V. 73. p. 443; V. 81,
p. 617. 1608; V. 88, p. 724.
Now a Massachusetts corporation. V. 77,
New

fox
S.9 years
2161. atThe
stockholders
16 1909
the property
7 )4 %
on the com.voted
stock Nov.
A. A to
to a new
consolidated
O.)lease
(payable

company, the Union (Knitting) Mills, a consolidation of the Union Mills
and Royal Gem Mills, with plants at Hudson, Ac., N. Y.
For terms of con.

solldatlon. If desired,

see V. 89, p. 1284, 1355; V. 89, p. 1070; V. 90, p. 11$.
SECURITIES.—Stock authorized, common, $3,900,000; pref. (as to
assets and accrued dividends and subject to redemption at $140
per share
and accrued dividends), 6% non-cum., $2,000,000.
First div. on common.
6%, paid 1)4% quarterly, beginning Sept. 3 1907; 6% declared payable
1)4% quar., beginning Oct. 1 1908; Oct. 1909, l)i%; 1910, April, 3K%
Dividend under lease, see above.

REPORT.—Bal. sheet of

Sept. 25 1909 In V. 80. p. 1343.

In 1907-0$,

{►roflts
from(credit
manufacturing,
item), $6,352;
$736,000;
int. on
1st $120,000;
M. bds., $253,000;
adpref. div.
(6%),
sinking fund,
$57,800; bal.,
Div.
ustments

sur., $311,552.
on com. stock, 6%, declared payable
quarterly beginning Oct. 1 1908, calls for $234,000.
Pres., C. Minot Weld. Office, New Bedford, Mass.—(V. 90, p. 113.)
NEW ENGLAND TELEPHONE ft TELEGRAPH.—This company does
a telephone business In Maine, New Hampshire, Vermont and Massachusetts
under license from The American Bell Telephone Co.
On Dec. 31 1909
lt had 269,299 stations In all, against 247,685 In 1908.
Of stock, 58%
is owned by American Telephone A Telegraph (Bell) Co.
V. 70. p. 40.
Stockholders were In April 1909 offered $3,553,700 new stock at par. pay¬
able one-half July 16 1909 and one-half Jan. 17 1910, raising the amount
outstanding to $39,178,100. V. 88, p. 825. The debentures are to bo
secured by any mortgage placed.
DIVIDENDS—
\ 1886-1893. ’94. *95. *96. *97. 1898-1909. 1910.
Percent
/ 3)4 y’ly
4 4)4 5 5)4
6 y’ly To June, 3
Dividend period changed from Q.-F. to Q.-J. ip 1,900 and to Q.-M. 1$
1910.
V. 87. p. 1667.

[VOL. LXXXXI

INDUSTRIAL STOCKS AND BONDS

154

Date
Bonds

MISCELLANEOUS COMPANIES
see notes on first page]

[For abbreviations, &c.,

Par
Value

Amount

Rate

When

Last Dividend

Outstanding

%

Payable

and Maturity

New York & Queens Elec Lt & P—IstM $2,500,000 gold.Un
N Y & Richmond Gas—First mortgage gold red 110
Ce.c*
New York Telephone—Met Telep & Teleg first mtge s f-.c&r
N Y Tel Co 1st & gen M $75,000,000 auth red at 110Fc*&r*
NY4NJ Tel M (now 1st) g s f $20,000 yly not drawn.Mp.c

$2,350,000
1.500,000
1,678,000
50,000,000

4H

1,176,000

5 g

Niagara Falls Power—Stock $10,500,000 authorized
First mortgage gold
Ce 1891
Ref & gen M $20,000,000 (V 88, p 1441) gold.Ba.xc*&r* 1909
Debentures gold do
do Can coll Series A
--G.c* 1901
Debentures Series B and C redeemable Oct 1011
S 1904-6
NHes-Bement-Pond Co—Stock com $8,500,000 (V 83, p 1350)
Preferred stock 6% cum $3,000,000 call In 1911 at 105
Pratt & Whit 6% cum pf stk gu to be called Jan I’ll
new 6% cum pref stock guar red Jan 1 1921
do do
Niles Tool Works 6% cum preferred stock not guaranteed.
Ridgway Machine 6% cumulative pref stock guaranteed..

4,197,500 See text See text
5 g
10,000,000
Various
6 g
A
8,243.000
&
O
A
&
590,000
O
6
M
&
918,000
N
8,500,000 6 In 1909
Q—M
2,000,000 6 in 1909
Q—F
1,225,000 6 In 1909
Quar.

5 g
5 g
5 g

F
& A
MAN
M
&
N
M
&
N
M
&
N

Places Where Interest and
Dividends are Payable

Union Trust Co, N
Liberty National Bk,N
Office, 15 Dey St. N
New York & London
Metropolitan Tr Co, N

Aug 1 1930
May 1 1921
May 1 1918
Nov 1 1939

May 1 1920

Y

Y
Y

Y

Other bonds—see text

S

2,000,000i
1,000,000 6 in 1909
429,000 6 In 1909

—

Bonds reedemable since Feb 1 1909

126,000i

1907
1895

1,000
1,000
500

Cicero Gas first mortgage
MC
do
gen & ref mtge $5,000,000 g guar p & 1—EC.c*
Northwestern Telegraph—First mortgage gold guar p & i.Eq
Ontario Power—First mtge $12,000,000 auth g s f red(text) c*
Ontario Transmission 1st mtg gu p & 1 red 110 to May ’16 c*
Debentures $3,000,000 gold red 110 to July ’10
c

1808
1892
1902
1904
1903
1905

4,500,000

500

1,500,000

1,000
1,000

5,863,000
1,466,000
3,000,000

NEW YORK AIR BRAKE.—Incorporated under laws of New Jersey.

day.

In

April 1910 sold for $2,250,000 the gas engine business and plant at Moscow,
Russia, retaining air-brake patents and right to do business in Russia.
V. 90. p. 1242; V. 74, p. 887.
Dividend in 1896, 6%; in 1897 and 1898, none; Oct. 1899 to Oct. 1907,
ind., 2% quar. (8% per an.).
On July 29 1910, 1X% (quar.).
BONDS.—Stockholders In April 1908 subscribed at 90 for $3,000,000
20-year 6% bonds, convertible into stock at par beginning July 1 1900 and
before July 1 1914.
V. 86, p. 725, 797, 921, 1104.
REPORT.—Report for year ending Dec. 31 1909 In V. 90, p. 500,
showed: Total income, $2,115,116; cost of manufacturing and selling,
$1,660,244; interest on bonds, &c., $184,784; balance, surplus, $269,084.
DIRECTORS.—Pres., C. A. Starbuck, 165 Broadway; V.-P., Geo. B.
Massey; V.-P. and Gen. Man., John C. Thompson; Sec. and Treas., C. H.
Chaffee; Fred. Flower, A. N. Brady, Giles Mead and Wm. N. Shaw.—
(V. 91, p. 41.)
NEW YORK DOCK CO.—ORGANIZATION.—Incorporated in N. Y.
State on July 18 1901 as successor of the Brooklyn Wharf & Warehouse Co.,
foreclosed and reorganized per plan V. 72, p. 937.
V. 73, p. 239, 1355.
Owns water frontage In Brooklyn, “frontage of more than 2 X miles,” of
which 157 feet leased, with short railway.
V. 90, p. 1365.
STOCKS AND BONDS.—Com. stock, $7,000,000; pref., 5% non-cumulative, $10,000,000, all In shares of $100 each.
After 5% on both stocks
the two to share equally.
Bonds. $1,200,000 In treas. July 31 1909.
DIVIDENDS.—
1 ’02. ’03. '04. ’05. *06. ’07. ’08. *09. 1910.
On preferred
2 2X 3X 4 4X
— %j
1
2
4 Apr., 2
REPORT.—Report for year ending July 31 1909, with balance sheet.
n V. 89, p. 846, snowed: Gross earnings, $2,639,281; net, $913,118; other
ncome, $11,574; int. on bonds, $472,000; dlvs. (4%), $400,000; deprec.,
$50,077; adjustments prior accounts, $1,949; bal., sur., $7,615.

OFFICERS.—Pres., F. S. Landstreet; V.-P., Columbus O’D. Iselin;
Sec., Edwin Thorne; V.-P. and Treas., George E. Spencer.
Office, 8 and
10 Bridge St. (Manhattan), N. Y.—(V. 89, p. 781, 846; V. 90, p. 1365.)
NEW YORK & EAST RIVER FERRY.—Owns the “Astoria” Ferry
from foot of 92d. St., N. Y., and has three ferry boats. Stock, $750,000.
1 ’95. ’96. ’97. ’98. ’99. ’00. ’01 to June 1905
DIVIDENDS.—
J
3
Per cent
4 4X
5^5 5X 6 yearly (Q.-M.)
Bonds, $750,000 1st 30-year gold 5s due Nov. 1 1922, Interest M.-N.,

Kings Co. Trust Co.

Directors—William A. Nash, Theo. F. Jackson,

H. K. Knapp, E. Lehman

and Roswell Eldridge.—(V. 71,

p.

392.)

NEW YORK & HOBOKEN FERRY CO.—Incorporated Nov. 10 1898.

V. 77, p. 454.
In April 1903 Del. Lack. & West. RR. acquired entire
$3,300,000 stock. Of the $4,000,000 general 5s of 1898, $700,000 were re¬
served for Improvements; all are redeemable at 110.—(V. 82, p. 164.)
N. Y. MUTUAL GAS LIGHT.—See CONSOLIDATED GAS.
NEW YORK MUTUAL TELEGRAPH.—Successor to the Mutual Union
Telegraph Co. The stock carries dividends of 6% per annum under a lease
for 99 years from Feb. 15 1883 to West. Un. Telegraph, which owns $2,387,700 of $2,500,000 stock (par $25) and $3,043,000 of the $5,000,000 bonds.
NEW YORK & NEW JERSEY TELEPHONE.—See N. Y. Telephone Co.
N. Y. & QUEENS ELECTRIC LIGHT & POWER CO.—See page 163.
NEW YORK & RICHMOND GAS CO.—See page 163.
N. Y. SUBURBAN GAS.—See Consol. Gas Co. (N. Y.& Westchester Ltg.)
NEW YORK TELEPHONE CO—ORGANIZATION.—A consolidation
In Sept. 1909 of all the “Bell” telephone companies operating In State of
New York under State and municipal franchise.
See application to list.
V. 91, p. 151, 157.
Subscribers Dec. 31 1909, 714,141. Controls Empire
City Subway Co.

STOCK.—Authorized, $125,000,000; outstanding (par $100), $85,672,
800, all owned by the Am. Telep. & Teleg. Co. (V. 89, p. 781, 849).
V. 90,
p.

1242.

Dividends: In 1910, paid 2% quarterly.

BONDS.—The “first & gen. mtge.” made In 1909 is limited to $75,000,000, of which $50,000,000 have been Issued, having a first lien on the en¬
tire property, underground conduits, franchises, &c. (including real estate
valued at $15,000,000), subject In part to $3,814,000 of outstanding mtge.
Indebtedness, which the company covenants to pay at maturity.
Issue
subject to call in whole, but not In part, at 110 and int. on any M. & N.,

Proceeds of first $25,000,000 were applied to re¬
beginning Nov. 1 1910.
payment of advances for Improvements and to acquire additional property.
The final $25,000,000 bonds can be issued only to the extent that an equal

amount of cash Is received for new stock issued at not less than par. It Is
the Intention that the total bonds outstanding shall never exceed one-third
the value of assets.
V. 89, p. 849, 924, 1351; V. 90, p. 773; V. 91, p. 151.
There are also outstanding $267,500 first gold 5s, due Feb. 1 1926, and
$535,000 gen. gold 4s, due Nov. 1 1926, of N. Y. & Penn. Tel. & Tel. Co.,

$12,000 Ontario first 5s due 1925, $67,500 Cortland Home Telephone first 5s
Central N. Y. Tel. & Tel. deb. 5s due 1918, subject

due 1921 and $100,000
to call after 1913.

EARNINGS.—For 3

end. Mch. 31

1910, gross, $8,734,854; net
$2,667,392; other Income, $437,760; Interest, $354,028; dividends (2%).
For cal year 1909, gross, $33,071,954;
$1,713,456; bal., sur., $1,037,668.
net, $9,202,552; other Income, $1,369,426; int., $981,229; divs., $5,633,330;
bal., sur., $3,957,419. Pres., U. N. Bethell; Chairman of Board, T. N.
Vail.
New York office, 15 Dey St.—(V. 91, p. 151, 157.)
NEW YORK TRANSPORTATION CO. —See page 163.
NIAGARA FALLS POWER CO.—See page 164.
NILES-BEMENT-POND CO.—ORGANIZATION.—Incorp. in N. J.
Aug. 11 1899: a consolidation of makers of heavy machines.—V. 69. p 388
CONTROLLED COMPANIES—GUARANTIES.—Owns entire com. stk.
($1,525,000) of Pratt & Whitney Co., guar. 6% on latter’s $1,225,000 pref.
stock (to be called Jan. 1 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,
In Dec. 1909 a plan was ratified for raising of
p. 1113; V. 80, p. 1734.
$1,250,000 new cash by Pratt & Whitney Co. for Improvements and ex¬
tensions by an Increase of $1,250,000 stock, the present $1,225,000 pref.
to be called Jan. 1 1911, and $2,000,000 new 6% pref. Issued at par, guar,
as to Int. by Niles-Bement Co. and redeemable Jan. 1 1921; also $475,000
additional com. stk. to be taken at par by Niles-Bement Co. V. 89, p. 998;
V. 90, p. 563.ili




mos.

250,000
1,750.000
500,000

1906

Works at Watertown, N. Y.; capacity, 500 sets of car brakes a

at

See text

1,000
1,000

ANNUAL REPORT.—Fiscal year ends Dec. 31.
Report for 1909 was
In V. 91, p. 151, showing: Gross earnings, $12,086,783; net over interest,
maintenance, taxes, &c., $3,183,949; dividends (6%), $2,191,866; balance,
surplus, $992,083.
Office, 125 Milk St., Boston.—(V. 91, p. 151.)

5

F

29,793,300 5 In 1910

100

North American—Stock $30,000,000
Coll trust gold notes $5,000,000 red 101 since May ’09--G.C*
Northwestern Gas-Light & Coke—Consol (now 1st) mtge gold
Consolidated mortgage $2,000,000 gold
EC

5 g
6 g

Is
4§
5
g
5 g
6

&

Q—J

1 1934
1 1910

&

1 1012

July 1910

A Feb
Oct
N May
Jan
Q—J
Q—M Dec

J

J
F

|M

&
&
&
&
&

Winslow,Lanier

1932
1032
1911
Winslow,Lanier
do
1914
June 20 *10 1M Checks mailed
do
May 16 ’10 1 X
do
May 16 *10 1 X
1
1
1
1

June 30 *10 IX

& Co,NY
& Co,NY
do

do
do
Elk Co Nat Bk, Ridgway
IX 30 Broad St, New York
do
do

IX

Equitable Trust Co, Chlo

1 1915
1 1928

do
Merch Loan

July 1 1922
July 1 1932

Q—J

J

Jan
Jan
Oct
Nov

Q—M
Q—J
M

g

July 25 *10 2%

do
& Tr, Chlo

Equitable Trust Co, Chlo

J
J Jan 1 1034
A Feb 1 1943
N May 1 1945

West Un Teleg Co, N Y
CanNB of Com.Tor orNY
do
do
do
do

J July 1 1921

Also owns entire common stock of Niles Tool Works, dividends of 6%
on $1,000,000 having been paid regularly since 1890.
In 1905 and
1906 the entire stock of John Bertram & Sons, Ltd., and Pratt & Whitney
Co. of Canada, Ltd., of Dundas, Ont., was acquired.
V. 81, p. 977; V. 83,
p. 1350.
Decision Feb. 1909, V. 88, p. 568.
DIVIDENDS—
TOO. ’01. ’02. ’03. ’04. ’05 to ’09.
1910.
Common, per cent
1 3
6
8
8
7
6 yearly
To June, 3%

yearly

Preferred,

per cent

J

6%

yearly, 1H

(Q.-Feb.)

Also 40% in common stock ($2,000,000) paid on com. stock Jan. 2 1907.
Balance sheet Dec. 1908, V. 89, p. 101.
Pres., R. C. McKinney; Treas.
and Sec., Chas. L. Cornell, 111 Broadway, N. Y.—(V. 89, p. 1545.)

NORTH AMERICAN CO.—Organized In 1890 under laws of New Jersey,

and controls the Milwaukee (Wls.) Lt. Heat & Trac. Co. (see “Electric Ry.”
section), and the Detroit (Mich.) Edison Co. (V. 81, p. 33); also the electric

light, power and trolley companies of St. Louis, Mo., as follows: Union
Electric Light & Power Co. (V. 79, p. 2751; V. 77, p. 40; V. 82, p. 104;
V. 85, p. 1007; V. 86, p. 1046); St. Louis County Gas Co. (V. 84, p. 278)
and United Rys.: Mississippi River Power Distributing Co. (V. 88, p. 999);
In 1909 sold the $7,400,000 Laclede Gas Lt. Co. com. stk.
V. 88, p.1563.
V. 90, p. 301, 450.
The West Kentucky Coal Co., with $3,000,000 stock and an authorized
Issue of $5,000,000 1st mtge. 25-year 5% bonds, of which $2,000,000 have
been Issued, the interest being guaranteed, holds In fee, or by mineral
rights, over 28,000 acres of coal lands. V. 81, p. 35, 563,1178; V. 88, p.999;
V. 90, p. 301.
Notes.—In 1907 $2,500,000 of a $5,000,000 Issue of collat. trust gold notes
were sold, secured by $5,000,000 Laclede Gas Light common stock and
$2,900,000 Union Electric Light & Power Co. of St. Louis stock, additional
collateral to be deposited, if necessary, to maintain the appraised value of
the pledged securities at all times at least 30% In excess of the par value of
the notes outstanding. • In Feb. 1910 $84,000 of the notes having been re¬
tired, the company offered to purchase $1,000,000 of the remaining $2,416,000 until further notice.
V. 85, p. 1185, t252, 1310; V. 86, p. 290; V. 90,
p. 370, 450.
DIVIDENDS— 11903. 1904 to Sept. 1907. 1908. 1900.
1910.
Per cent
4
5 (IK Q.-Mar.)
3 H
j
0
5
REPORT, &c.—Report for year ending Dec. 31 1909 (also subsld. cos.) in
V. 90. p. 301, 370, showed: Total inc., $2,023,418; gen. exp., taxes, &c.,
$237,463; dlv. (5%), $1,489,665; bal., sur., $296,290. On Dec. 31 1909
owned: Stocks, $21,584,938; bonds, $4,520,833; and bal. sheet showed loans
payable, none; loans and accts. receivable, $8,956,223; cash, $1,670,426.
DIRECTORS.—Edward Q. Keasbey, John I. Beggs, C. W. Wetmore,
J. B. Mortimer, Edwin M. Bulkley, Wm. Nelson Cromwell, G. R. Sheldon,
Charles F. Pflster, Festus J. Wade, F. S. Smithers, Adolphus Busch,
Breckinridge Jones, Chas. H. Huttlg, F. Vogel Jr., C. A. Coffin, James
Campbell, W. J. Curtis, H. R. Mallory.
Pres., James Campbell; Sec., Silas
W. Burt; Treas., Geo. R. Sheldon, 30 Broad St.—(V. 90, p. 370, 450.)
NORTHERN UNION OAS CO.—See Consol. Gas Co., N. Y. City.
NORTHWESTERN GAS LIGHT & COKE CO.—ORGANIZATION.—A
consolidation In Sept. 1902.
V. 75, p. 397, 665.
In 1910 People’s Gas
Light & Coke Co. of Chicago interests acquired control. Stock, $5,000,000,
of which $825,000 Issued in 19TQ as stock dividend.
V. 90, p. 1299. Dlvs.
April 1903 to July 1906, 1% quar.; since to April 1910, 6% yearly (1*4%
Q.-J.). Nelson A. McCleary, Pres.
Office, Chicago.—(V. 86, p. 1470;
V. 90, p. 1299, 1682.)

NORTHWESTERN TELEGRAPH.—Owns 10,000 miles of wire and Is

leased to Western Union for 99 years, which guarantees dividends at 6% on
$2,500,000 stock (par $50) and p. & 1. on bonds.
In 1910 control was
changed.
Guaranty, V. 79, p. 216.—(V. 90, p. 1365.)

OGDEN GAS (CHICAGO).—See People’s Gas Light & Coke Co.
OMAHA WATER CO.—ORGANIZATION.—Cap. stock, com., none: 1st
pref., 5% non-cum., $614,300; 2d pref., 5% non-cum., $858,000.
In Juno
1910 the U. S. Supreme Court held valid the appraisal of the plant at
$6,263,295 under the ordinance of 1903 authorizing the city to purchase.
V. 90, p. 1494, 1617.
On May 4 1909 the electors voted $6,500,000 bonds,
or so many as needed to purchase the plant.
See V. 86, p. 921; V. 87, p.
170; V. 88, p. 1005, 1257.
Bonded debt: 5% prior lien, $1,262,000, due
July 1 1916; consol. 5s, $3,543,000, due 1946, all subject to call at 105.
Pres., Theodore C. Woodbury, New York; Sec., Howard Mansfield, New
York; Treas., Stockton Heth, Omaha, Neb.—(V. 90, p. 1494, 1617.)

ONTARIO POWER CO.—ORGANIZATION.—Organized under special
and is developing power plant on Cana¬

charter of Canadian Parliament
dian side of Niagara Falls below

Horseshoe Falls; 78,000 h. p. Installed In
85, p.

Total development to be 200,000 h. p.
1909.
V. 84, p. 1490; V.
1522.
Has contracted to sell power to Niagara Lockport & Ontario
Co.
V. 88. p. 1317; V. 89, p. 352, 1415.
Contracts with Ontario
and municipalities, V. 88, p. 297.

Power

Govt,

BONDS.—The bonds ($12,000,000 authorized Issue) are limited to
$5,490,000 for the first 78,000 h. p.
The Toronto General Trust Corpora¬
tion is mortgage trustee.
Sinking fund, $1 per h. p. sold beginning July 1
1909.
Bonds are subject to call at 110 on or before Feb. 2 1913.
In Jan.
1910 $5,289,000 1st M. bonds were outstanding and $1,700,000 were sold
for delivery during 1910 as required.
80,
p.
1427;
V.
p.
V.
82,
632; V. 85,
p. 226* V. 86, p. 1413; V. 89, p. 532; V. 90, p. 306.
Ontario Transmission
guar,

bonds ($2,000,000 auth.). V. 82, p. 395;

V 89, p. 352; V. 90,

p. 306.

STOCK.—Stock Ontario Power Co., $5,621,000 auth.; par, $100.
Stock¬
holders on Oct. 30 1909 authorized an Increase In the stock from $5,000,000

$10,000,000, to Increase the company’s plant.
V. 89, p. 1071,
For 0 mos. ending March 31 1910 (partly est.), incl. Ont. Transm., gross,
$464,987; net Inc., $348,859; bond int., $241,976; bal., sur., $106,883.
OFFICERS.—Pres., J. J. Albright; V.-P., Francis V. Greene; Sec. and
Treas., R. C. Board.
Office, Niagara Falls, Ontario; branch, Fidelity
Bldg., Buffalo, N. Y.—(V. 89, p. 999, 1071, 1284; V. 90, p. 171, 306.)

to

OTIS ELEVATOR

CO.—Incorporated Nov. 28 1898 under the laws of
See V. 71, p. 545; V. 74, p. 271;
V. 82, p. 1326.

New Jersey and took over about 13 plants.
V. 75, p. 552; V. 83, p. 441.
Injunction,

Dividends on pref., July 15 1899 to July
(6% per annum).
On common, 1903 to

1910, both Incl., 1K% quar.

1906, incl., 2% yearly (paid

April); in 1907 to 1910. 3% (A. & O. 15).
DEBENTURES.—The stockholders Mch. 21 1910 authorized an Issue of
$3,500,000 5% debentures to provide for the floating debt and additional
working capital and an Increase In the common stock from $6,500,000 to
$10,000,000 to provide for their conversion.
Debentures are redeemable
April 1 1913 or any Int. day thereafter at 102 X and convertible at any time
on and after April 1 1913 into com. stock at par.
On or before April 1 1914
In

yearly to 1919, Incl., not less than $100,000 debs, are to be retired by
purchase or redemption. No mortgage shall be placed on property or

and

July, 1910. J

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES

Date

[For abbreviations, &c., see notes on first page]

Bonds

Otis Elevator—Stock common $10,000,000
Stock preferred 6% non-cumulative $6,500,000
Convertible debentures $3,500,000 gold red text._Nxc*Ar
Pacific Coast Co—Stock common $7,000,000 (see text)
First preferred stock $1,525,000 5% non-cumulative
Second preferred stock $4,000,000 4% non-cum (see text).
First mortgage $5,000,000 gold—
Ma.c*
Pacific Telep & Tele*—Sunset Telep A Teleg first mortgage.,
do
do
cons mtge red beg Oct 1913 at 105.OB
1st A coll trust M $35,000,000 g red 110 beg 1922 sf.c*Ar*
Penn B Cr & E Coal—Ser s f gold bonds V. 84, p. 453 text__S
Penn C & C—Cons 1st & coll tr M g s f (oth bds see text) _c*

Pennsylvania Steel Co—Common stock $25,000,000
Pref stock 7% non-cum

1910

Par
Value

$166
1,000
100
100
100

—

1897
1893
1899
1907
1906
1903

1,000
1,000 Ac
590 Ac
100
100

$25,000,000

Bonds

of Subsidiary Companies
Old Pennsylvania Steel first mortgage currency
QP.r
Maryland Steel first mortgage currency
QP.r
Penn-Maryland Steel Co cons mtge $7,000,000 gold__QP.c*
Spanish-American Iron 1st M gold guar red text__GP.c* Ar
Collateral trust loan Cornwall properties s f redeem (text)
Penn-Mary Coal mortgage gold guaranteed red. text __GP
Coke oven M due $150,000 yrly call 102 X(V 80,p 1975)-GP
Maryland Steel car tr bds g $60,000 due yearly call 105..
People’s Gas Light & Coke (Chicago)—Stock $35,000,000..
First consolidated mortgage for $10,000,000 gold
Ce.c*
Chicago Gas Light A Coke first mortgage gold
FP.c
Consumers’ Gas first mtge gold (see V 66, p 472)
Ce.c
Lake Gas first mortgage gold.
IC
Ref M $40,000,000 g
F.c*Ai
Mutual Fuel Gas first mortgage assumed
_

1887
1892
1895
1907
1902
1909
1905
1902

1,000
1,000
500 Ac

1,000

1,000
1,000
1,000
100

1893
1887
1886
1885
1897
1897

1,000
1,000
1,000
1,000
1,000
1,000

assets of the company or

its subsidiaries. Stockholders were offered the
right to subscribe for the debentures at 97H. V. 90, p. 562, 1106, 1175.
Real estate mtge., Eleventh Ave., N. Y., property, $210,000.
Report for year ending Dec. 31 1909, with balance sheet, in V. 90, p. 844,
showed net earnings over Int and renewals, $1,048,689; div. on pref. (6%),
$378,600; dlv. on com. (3%), $191,259; charged off for depreciation, $362,845; bal., sm*., $115,895. Office, 17 Battery Place, N. Y.—(V. 90, p. 1175.
PACIFIC COAST COMPANY. THE—This co. controls the Pacific Coast
Steamship Company (owning its entire capital stock), which operates six
steamship lines (22 steamers) plying along the entire Pacific Coast from
Nome, Alaska, to Mexico.
Also owns all the securities of the Columbia &
Puget Sound RR. (standard gauge), Seattle to Franklin, Wash., &c., with
branches, 57 miles; the Pacific Coast Ry. (narrow gauge), Port San Luis,
Cal., to Los Olivos, Ac., with branches, 90 miles; Pacific Coast Coal Co.,
owning Franklin mines, with 3,850 acres at Franklin, Wash.; Black Dia¬
mond mines, with 4,670 acres at Black Diamond, Wash.; Newcastle
mines,
with 2,520 acres at Newcastle, Wash., and South Prairie mine, with 1,140
acres at Burnett, Wash.; and coal-handling plants at Seattle, San Fran¬
cisco and Portland, Ore., Juneau and Nome, Alaska.
(V. 83, p. 1048.)
DIVIDENDS.—Since

1905.

1906.

1907.
1908.
1909.
FeO/1910. May&Aug.'10
Common..
%
6
6
4*4
4X
IX
lJ^Al extra
First pref
%
5
55
5
IX
IX
Second pref
%6
6
4 H
4X
IX
IX & 1 extra
After 4% on second preferred and common, these stocks share
equally.
EARNINGS.—11 mos.,J1909-10____Gross, $7,182,884; net, $1,396,650
July 1 to May 31.
\1908-09
Gross, 5,918,131; net,
865,861
REPORT for year ending June 30 1909, In V. 89, p. 1067, 1088,
showed gross of steamships and colliers, $3,405,585; net, $220,849; rail
lines, gross, $828,837; net, $294,981; coal department, Ac., gross, $2,336,085; net, $443,659.
Total results in 1908-09 were:
Gross earnings
$6,580,507 Interest on bonds, Ac
$264,445
Op. expenses and taxes. 5,621,018 Depreciation, Ac...
46,262
Div. on 1st pref. (5%)
76,250
Net earnings
$959,489 Div. on 2d pref. (4%)
160,000
Other income
13,154 Div. on common (4%)
280,000
_

Total net Income
$972,643
Balance, surplus..
.$145,683
OFFICERS, Ac.—Chairman of the Board and Pres., H. W. Cannon;
V.-P. and Gen. Mgr., J. C. Ford, Seattle; Treas., John Kean; V.-P., W. M.
Barnum; Sec. and Asst. Treas., Clifford C. Fay.
N. Y. office, 10 Wall St.
—(V. 87, p. 1084, 1102; V. 89, p. 999, 1067. 1088; V. 90, p. 171.)
PACIFIC MAIL STEAMSHIP.—In Nov. 1900 the Southern Pacific Co.
acquired $10,005,000 of the stock (V. 71. p. 1015).
DIVIDENDS.—1896, 1%; In *97, 2%; ’98, 2X%; ’99, 3%; none since,
surplus being Invested In new vessels, Ac.
Stock $20,000,000, par $100.
REPORT.—Report for 1909-10, V. 90, p. 1487.
Year ending April 30—
1910.
1909.
1908.
1907.

Steamships

Cent. Amer. Govt, transp
Miscellaneous

$4,664,030 $4,513,767 $4,138,531 $4,659,046
15,180
15,180
15,180
15,180
174,164
135,997
182,601
165,019

Total earnings.
$4,853,374 $4,664,944 $4,336,312 $4,839,245
Net earnings.
df.$214,577 df.$339,685 df.$428,817
$130,404
Robert S. Lovett, Pres.; Alex. Millar, Sec., William Mahl, Comp.; A. K
Van Deventer, Treas., 120 Broadway, N. Y.—(V. 90, p. 1487.)
PACIFIC TELEPHONE & TELEGRAPH CO.—ORGANIZATION.—
Incorporated In California Dec. 31 1906 as an amalgamation of the Pacific
States Telephone A Telegraph Co., Sunset Telephone A Telegraph Co., Ac.
Operates “Bell” syfetem on Pacific coast. V. 84, p. 54, 163. Stations in
use Dec. 31 1909, 392,822.
Stock, common, $18,000,000, all outstanding; pref., 6% cum. (also pref.
as
to assets), $32,000,000 auth., outstanding
$18,000,000. American
Teleph. A Teleg. Co. in May 1909 owned $9,027,200 each of com. and pref.
Preferred dividends paid regularly, 6%
per annum (Q.-J. 15).
BONDS.—Of the “first and collateral trust” 5s of 1907 ($35,000,000
authorized issue; Mercantile Trust Co., San Francisco, trustee), $3,000,000
are reserved to take up the Sunset
Telephone A Telegraph Co. 5s and 6s
which are being reduced by sinking fund, on retirement of which they will
be secured either directly or by deposit of securities by a first lien on the
entire system, and the $3,000,000 remaining unissued, together with
any
not used to retire the Sunset bonds, may be used for extensions, additions,
Ac., up to 66 2-3% of cost thereof.
Sinking fund beginning 1913 will retire
about 30% of entire amount by maturity.
V. 88, p. 825; V. 90, p. 854;
V. 90, p. 703, 774.
REPORT.—Report for calendar year 1909, V. 91, p. 152, showed: Gross,
$12,885,018; net over lnt., Ac., $1,843,528; pref. div. (6%), $1,080,000;
reserve for maint., $600,000;
bal., sur., $163,528.—(V. 91, p. 152.)
PENNSYLVANIA BEECH CREEK & EASTERN COAL CO.—OR¬
GANIZATION.—Incorporated In Pennsylvania in 1906 with $5,000,000 of
authorized capital stock (of which $2,250,000 Is
outstanding, par $100).
Had 999-year lease of Penn. Coal A Coke
Co., Beech Creek Coal A Coke and
allied properties (V. 84, p. 453), and so controlled about
106,000 acres of
coal lands and surface, chleflv in
Blair, Cambria, Clearfield and Indiana
counties, Pa.; collieries, railroads, electric light companies, Ac
Properties
of Penn. Coal A Coke Co. Include stocks of Webster Coal A Coke Co.
(V. 72, p. 884; V. 77. p. 513.)
Beech Creek Coal A Coke Co. (V. 72,
p. 582; V. 78, p. 1910; V. 79, p. 1706), Ac.
See also V. 77, p. 2102; V. 79,
p. 1335.
Contracts with N. Y. Cent., V. 77, p. 2098; V. 79, p. 1335, 1435.
The Pennsylvania Beech Creek A Eastern Coal Co.
having defaulted in
payment of the rental to the Pennsylvania Coal A Coke Co., Thomas H.
Watkins was on Aug. 15 1908 appointed receiver of the latter.
Receiver’s
6% 2-year certificates, $1,250,000, dated Oct. 1 1908, all sold, ranking ahead
of the Penn. Coal A Coke consol. 1st and coll, trust bonds to
meet int. on un¬
derlying bonds, taxes, Ac.
V. 87, p. 483, 1162.
Int. on all underlying
bonds paid to July 1910; Interest on Beech Creek Coal A Coke 5s due
June 1 1910 paid July 1910.
V. 91, p. 216.
Committee for Penn. Coal A Coke Consol. 1st & Collat. Trust 5s.—Alexander
J. Hemphill, Sec.; Guaranty Tr. Co., N. Y.
depositary. In May 1909 ma¬
jority deposited. V. 87, p. 483; V. 88, p. 1257.
Securities of Operating Cos.— Date.
Interest
Outstanding.
When Due.
Penn. C. A C. Co. com. stk_
$3,893,000
Pref. stock 6% non-cum
3,768,000
Webster C. A C. 1st con. M_ 1902
5 g M-S
3,000,000
March 1942
Penn. C. A C. 1st M.t Ser.A,11902
5 g J-J
1,200,000
July 1 1932
g., red. 105, s. f., 3e ton.jlnt. at Commercial Trust Co., Phila., trustee.
Consol. 1st A coll, trust M__
See table above.
Chest Creek Land A Imp.11898
4 A-O
180,000
Oct. 1 1924
1st M
K/To be retired $12,000 yearly.




Amount

Rate

When

Outstanding

%

Payable

$6,375,300
6,310,000
3,500,000
7,000,000
1,525,000
4,000,000
5,000,000
295,500
2,250,000
29,000,000
3,000,000
5,660,000
10,750,000
See text

155
Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

3 in 1910 A
A
O
6
Q—J
5 g
A
A
O
F
See text
F
5 In 1909
See text
F
5 g
A
J
D
6
A
J
J
5
A
A
O
5 g
A
J
J
5 g
A
A
O
5 g
M
A
S

Apr 15’10 1 X% Office 17 Battery PI, N Y
July 15*10114%
do
do
New York
Apr 1 1920
Aug 1 ’10 2X% Checks from Co’s office
Aug 1 ’10 1 X%
do
do
Aug 1 ’10 2X%
do
do

Sept 1 1953

Manhattan Trust Co, NY
Wells-F, Nev NBk.SFr
Old Col Tr Co,Bos or S Fr
U S Mtge A Tr.NY; AS Fr
Oct 1908 coupon not paid
Sept ’08 coupon not paid

7 In 1909 M

-

,

—

5
5
6
6
5
5

M
1,000,000
F
2,000,000
M
4,000,000
g
J
4,539,000
g
6,450,000
A
g
1,932,666
A
g
625,000
J
4X g
5 g
J
120,000
35,000,000 See text
Q
6 g
4,900,000
A
5 g
10,000,000
J
5 g
4,246,000
J
300,000
6 g
J
5 g
M
15,400,000
5 g
5,000,000
M

June 1 1946

July 1 1913
Oct
Jan
Oct

1 1929
2 1937

1911-1945

A

N

May 21’10 3

Checks mailed

A
A
A
A
A
A
A
A

N
A
S
J
O
O
D
J

Nov 1 1917
Feb 1 1922

Philadelphia office

F
A
A
A
A
A
A

Sept 1 1925

July 1
Oct

1927

1 1932

Apr 1 1939

do
Girard Trust

Co,

Phila

Philadelphia

Office, Philadelphia

To June 1 1915 Office, Philadelphia
July 11911-12 Girard Trust Co, Phila
Aug 25 ’10 1 X% Lawyers’ T A T Co, N Y
O Apr 1 1943
Central Trust Co, N Y
J July 1 1937
Cent Tr N Y; A Chicago

D Dec 1 1936
J July 1 1915
S Sept 1 1947
N Nov 1 1947

do
do
Ill Tr A Sav Bk, Chicago
Central Tr, NY; A Cmo
do
do

Securs. of Oper. Cos. (con.)— Date.
Interest.
Outstanding.
When Due.
Beech Cr. C. A C. 1st M.,11904
5 g J-D
$2,784,000
June 1 1944
$3,000,000 g., gu. p. A l.)Int. at Knickerbocker Trust Co., N. Y.,trustee
end., red. ($1,000 each) I Sink, fund 3c. per ton; minimum,

$75,000

(V. 80, p. 1364)
c*J
yearly; V. 78, p. 1910; V. 79, p. 1706.
Car trusts, $432,000; Pa. C. A C. consol., V. 77,
p. 2102; V. 82, p. 284.
EARNINGS.—Gross earnings of Pennsylvania Coal A Coke Co. have
been about $8,000,000 yearly.
V. 87, p. 483.
Pres., James Kerr; V.-P., T. H. Watkins; Sec. and Treas., A. G. Ed¬
wards.
Office, 17 Battery Place.—(V. 87, p. 483, 1162; V. 91, p. 218.
PENNSYLVANIA STEEL CO.—Chartered In N. J. on April 29 1901 and
acquired per plan In V. 72, p. 46, 91, almost entire $6,500,000 stock of Penn,
company of same name and entire stock of Maryland Steel Co.
Thus con¬
trols plants at Steelton, Pa., and Sparrows Point,
Md., incl. blast furnaces,
annual capacity 850,000 tons pig Iron, two Bessemer
plants,
oapacity 800,000 tons, and two open-hearth plants,
capacity 800,000 tons of Ingots, two
rail mills, capacity 640,000 tons, a shipbuilding and a
bridge-building
plant
(new plant V. 77, p. 773), a complete frog and switch-building
plant, Ac.
Owns the entire $2,400,000 stock of the Spanish-American Iron
Co.,
shipping about 500,000 tons of ore annually, and owning about 5,000 acres
of land near Santiago, Cuba; also an extensive
property of about 28,000
acres on north coast of Cuba near
Nlpe Bay,producing In March 1910 at the
rate of 500,000 tons yearly.
V. 76, p. 917; V. 77, p. 1229; V. 78, p. 1495;
V. 85, p. 226, 288, 472; V. 86, p. 425, 484; V. 87, p. 100; V.
90, p. 1236.
Has also purchased an Interest of over 54% in the Cornwall Ore
Banks
Co., Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., and $540,000
of $800,000 stock Cornwall A Lebanon RR.
V. 75, p. 345, 397; V. 72,
p. 1241, 1183; V. 73, p. 1364; V. 74, p. 1312; V. 84, p. Ill; V. 89,
p. 1672;
V. 90, p. 1236.
Owns Penn-Mary Coal Co., with 16,000 acres of coal In
Indiana County, Pa.
V. 82, p. 1100.
STOCK.—In June 1901 Penn. RR. and affiliated roads
purchased $10.000,000 each of com. and pref. stock.
V. 72, p. 678; V. 79, p. 1269.
In April 1910 $4,087,500 pref. stock was offered to
stockholders of both
classes pro rata at par, payable 25% each June 1,
July 15, Sept. 1 and Oct.
15 1910, or optionally in full June 1, raising the amount
outstanding to
$20,587,500.
V. 90, p. 1106, 1175.
DIVIDENDS.—On pref. stock Nov. 11901 to May 1910, incl., 7%
yearly.
BQNDS.—Consolidated 1oint mortgage covers the plants at Steelton, Pa.,
and Sparrows Point, Md., and all of the $1,000,000 stock of
the Maryland
Steel Co.: $3,000,000 are reserved to retire the
prior liens.
Of the collateral trust 5s of 1902, not less than
$100,000 nor more than
$500,000 may be called, at 105, at any Interest period; sinking fund of 50
cents per ton of ore mined, but not less than $150,000
yearly. V. 74. p. 1312.
The Spanish-American Iron Co. 6s of 1907
(originally $5,000,000, all
Issued) are guaranteed, prin. A int., by endorsement; they are callable in
whole or in part at 102 X or for a sink, fund of 30 cents
per ton at par and int.
V. 85, p. 287, 350, 867; V. 86. p. 1157; V. 88,
p. 629, 1195. In April 1909
$2,000,000 Penn-Mary 5% bonds, guar. prin. A lnt., were sold.
Bonds
are redeemable since
April 1 1910 for sinking-fund at 101 and at 102X
out of other moneys.
V. 88, p. 1134, 1195; V. 89, p. 475.
REPORT for calendar year 1909, in V. 90, p. 1236, showed:
Earnings 'of
operating companies over charges and depreciation, $1,986,789, against
$1,260,854 in 1908; total receipts of Penn. Co., $816,820; bal.,def., after
expenses ($34,447) and 7% dlv. on pref. (Incl. 3X% paid
May 1910),
$372,627.
Office, Phila.; N. Y. office, 71 Bway.—(V. 90, p. 1175, 1236.)
PEOPLE’S GAS LIGHT & COKE (CHICAGO).—An absolute consolida¬
tion on Aug. 2 1897 of the companies forming the old
Chicago Gas Trust,
V. 64, p. 1088; V. 65, p. 235.
In Feb. 1907 the Ogden Gas Co. and the
Universal Gas Co. were leased for about 34 years, the
Ogden Co.'s $6,000,000
bonds and other debts being guaranteed.
V. 84, p. 394; V. 78, p. 1785;
V. 72, p. 244, 91.
In 1910 People’s Gas Light A Coke Interests acquired
control of Northwestern Gas Light A Coke Co.
V. 90, p. 1682.
PROPERTY.—In service January 1910: Street mains, 2,484
miles;
meters, 496,615; public lamps, 17,630; V. 78, p. 1501.
See V. 66, p. 382.
The price of gas has been fixed at 85 cents
per 1,000 cubic ft. for 5 years
from Feb. 1 1906.
The 75-cent gets ordinance of Oct. 1900 was
repealed,
without prejudice to the city’s right to maintain its
validity in the Mills
suit (V. 78, p. 346; V. 82, p. 574; V. 84, p. 342), the lower
court having de¬
clared it Illegal.
The U. S. Supreme Court affirmed the decision of the lower
court in the Mills case.
See ordinance at length, V. 82, p. 574.
STOCK.—In 1909 $2,030,900 stock was sold at par,
raising amount out
to $35,000,000.
V 88, p. 454, 689
DIVS.—11894. ’95. ’96. ’97 to Nov. ’05. ’06. *07. ’08. ’09.
1910.
Per cent__J
6
2X IX
6 yearly
6
5
6
6 % ToAug,5#
BONDS, Ac.—Of the $40,000,000 issue of 1897 $29,046,000 bonds
were reserved to retire prior bonds, of which
$9,600,000 has been issued.
The balance ($10,954,000), of which $5,800,000 has been
sold, was issuable
for additional property or betterments. V. 65,
p. 572; V. 79, p. 155; V. 84,
p. 1555.
Guarantees, p. A i., Ind. Nat. Gas A Oil ref. 5s, V. 84, p. 388.
1430; V. 83, p. 1293; V. 88. p. 1317, 1433; form, V. 87,
p. 1302.

EARNINGS.—For 5 mos. ending May 31 1910, gross, $6,490,953; net
(after depreciation), $2,259,476; bond lnt., $795,542; dlvs. for 5
mo. at
7% yearly call for $1,020,833; bal., sur., $443,101.
V. 91, p.157.
REPORT.—Report for year ending Dec. 31 1909, In V. 90, p. 446.
Years ending Dec. 31—
1909.
1908.
1907
Gross Income...
$14,561,589 $13,738,970 $13,146,368
Net over operating expenses
6.056,992
5,516,345
5.172,742
Interest on bonds
1,909,300
1,884,300
1,810,550
Depreciation
1,034,588
876,351
843,409
Balance for stock
Dividends

$3,113,104
$2,755,694
$2,518,783
(6^)2,332,036 (6)1,978,146 (6)1,978,146
DIRECTORS.—C. K. G. Billings (Chairman), Geo. O. Knapp (Pres.),
A. N. Brady (V.-P.), Walton Ferguson, E. G.
Cowdery (V-P.). Other
officers, J. F. Meagher, W. P. Martin and John Williamson (V.-P’s), W. S.
McCrea (Treas.). L. A. Wiley (Sec.), W. M. Flook (Asst.
Sec.).
Office,
54 Wall St., New York.—(V. 90,
p. 446, 451, 1682; V. 91, p. 157.)
PHELPS, DODGE & CO.—(V. 90, p. 844.)
PHILADELPHIA CO.—See Pittsburgh, in “Electric Ry.” Section.

PHILADELPHIA ELECTRIC CO.—ORGANIZATION.—Incorporated

In N. J. on Oct. 5 1899. Controls all electric-light
properties of
West Phila. and Chester.
V. 73, p. 496, 680; V. 74, p. 1249;

V. 90, p.

Phila., also in
V. 86, p. 977.

1047.
STOCK.—Authorized, $25,000,000 (of which $12,250 in treasury); $15

(60%) per $25 share paid In, Including $2 25 paid March 1908 and $**25

MISCELLANEOUS COMPANIES

[For abbreviations, Acsee notes on first page]
People’s Oas (Chic)—(Con)—Calumet Gas 1st mtge assumed
Indiana Natural Gas & Oil ref mtge $6,000,000 gold guar.Ce
Ogden Gas lint mortgage $6,000,000 guar prln & Int
F
Philadelphia Electric—Stock $16 per share paid In (see text). _
Phlla Electric trust certificates gold $17,600,000 (see text)
Edison Electric trust certs gold (Edison stock as coll)..FP
Old Phlla Electric trust certs (Penn HL&P stock as coll)
Pittsburgh Coal—Common stock $32,000,000...
Preferred stock 7% cumulative $32,000,000
—
P C of Pa 1st and coll tr mtge g gu red 110 s f-.-UPi.c* Ar
P C of Pa 1st M $1,600,000 g guar red 102H s f__UPi.xc*
Pope Manufacturing—Common stock
Preferred stock 6% cumulative $2,500,000
G
Pressed Steel Car Co—Stock common $12,500,000
Preferred stock (as to assets) 7% non-cum $12,500,000..G
Pint mortgage gold notes redeemable at par
Q.c*
Procter ft Gamble—Common stock $10,500,000
Pref stock (8% cum) (See terms In editorial May ’93 Supp)
Serial gold notes due $300,000 seml-an, red text
Provident Loan Society—Bonds (not mtge) red 102
(text)

Company—Stock $120,000,000.....
Quaker Oats—Common stock $5,500,000
Preferred stock 6% cumulative $9,000,000
Railway Steel-Spring Co—Common $13.500,000
Preferred (as to assets) 7% cumulative $13,500,000
First mortgage on Latrobe plant gold red 105 s f
S.c*
Republic Iron & Steel—Common stock $30,000,000
Preferred 7% (also assets) cum (V 69, p 850) $25,000,000..
First A coll tr mtge, to be redeemed Oct 1 1914 at 105—*c
Sinking fund gold mtge $25,000,000 red text.-Cexc* Ar*

Date
Bonds

1892
1906
1900

June 1 1908 (a $1 stock dividend forming part of March 1908
$1 50 stock dividend paid March 1910.
v. 86, p. 288; V. 90,
DIVIDENDS on amounts! 1902 to 1907. 1908. 1909.

)

Par
Value

1,000
100
100

1904
1910

1,000 Ac
1,000

100
100
1910
1901

1,000 Ac
500 Ac
100
100
100
100
100

1,000

1906

100
100

1904
1910

1,000

1,000 AcJ

payment) and
p. 451.

1910-—

$4,287,642; dividends (6%), $809,780; balance, surplus, $392,481.
Pres.. Joseph B. McCall; Sec., A. V. R. Coe; Treas., Wm. P. Conover Jr.,
Office, 1000 Chestnut St.. Phlla.. Pa.—(V. 90, p. 451,1042,1047.)
PITTSBURGH COAL CO.—(“Rail Coal Consolidation.*’)—ORGANI¬
ZATION .—Incorporated In N. J. in Sept. 1899.
Owns about 150 coal
mines and 160,000 acres of coal lands In or within a radius of 40 miles of
Pittsburgh, together with some 5,000 coal cars operating over railroads
radiating from Pittsburgh. In 1910 purchased Snaw Coal Co. formerly
leased.
Sec BONDS below.
V. 90, p. 1494. See V. 78. p. 765, 1449.

$20,000,000 common and

$2,500,000 of the $10,000,000 preferred stock of the Monongahela River
Consolidated Coal A Coke Co. at $15 and $45 per $50 share, respectively.
Payment was made for the common In non-lnterest-bearlng notes paid onethird Nov. 3 yearly for 3 years and for the pref. in Installments to July
1910 equal to 6c. per ton of coal mined from the Monongahela properties.
Application to list, showing prop., stock, rights, Ac. V. 80, p. 1919.
DIVIDENDS.—On pref., 1900 to Oct. 1903, 7% yearly In cash; on
Jan. 25 1904,1 H% In scrip (paid off Nov. 25 1904); Apr. 1904 to Apr. 1905,
Incl., 1 H% quar.; 1906 to 1909, none; 1910, Jan. to July, 1 H% quar.
BONDS.—The $25,000,000 first and oollat. 5s of 1904 Issued by the
Pittsburgh Coal Co. of Penn, are guaranteed, principal and Interest, by
the Pittsburgh Coal Co.
They are a first lien on 160,000 acres of coal lands
and 13,000 acres of surfaoe, and by collateral trust on 7,000 acres of Hock¬
ing Valley coal and 8,400 acres of Pittsburgh coal held under leases and

Sinking fund of 5 cents a ton on run-of-

coal, with a yearly minimum of $600,000. Coupon bonds or registered
bonds issued in exchange therefor are to be called first (at 110) In numeri“

V. 86.
luired

88, p.683. Pitts¬
burgh Coal Dock A Wharf Co., guar, bonds (property at Duluth. Minn.),
see table below and V. 89, p. 1284.
In 1910 $1,500,000 Pittsburgh Coal
Co. of Pennsylvania 1st 5s were Issued guar, by the Pittsburgh Coal Co. of
N. J., to purchase Shaw Coal Co., owning about 3,300 acres of coal and
about 400 acres of land; sinking fund 10c. per ton, not less than $60,000
yearly. V. 90, p. 1494.
BONDED DEBT OF SUBSIDIARY AND CONSTITUENT COS.
Bonds—
Interest. Outstanding.
Maturity.
Northwestern Coal Ry. 1st M
5 g MAN
May 11923
$794,000
Pitts. A Cas. Shan. Ry. (V. 87. p. 286) 5 FAA
128,105 Aug. 1910-23
Due $10,000 yearly.
None due 1910, 1913, 1916, 1919 and 1922.
Pitts. A Chicago Gas A Coal Co
35,000 Jan. 1911-14
5 JAJ

Mansfield Coal A Coke 1st M.,

A1., due $40,000 yearly

guar.\6 AAO
120,000 Oct. 1911-13
j Int. at Colonial Tr. Co., Plttsb., Pa.

Ohio Coal Co
5 FAA
Pitts. Coal Dock A Wh 1st M., gu, pA15.4 MAN

i., red. 102 H ($1,000 each)
Pittsburgh A Moon Run RR
Mortgages
Car trust gold $52,000 due s.-a

200,000

Feb.

1922

$1,000,000 Nov. 1 1929
jlnt. at Union Tr. Co., Pittsburgh,Pa.
Jan.
1912
..6 JAJ
100,000

268,100

4H g MAN 520,000 To May’ 1915
EARNINGS.—For 6 months ending March 31;
Balance,
Six
Net
Depletion Deprec'n
Bond
Sur. or Def.
Months—
Earnings, of Lands.
Charges.
Interest.
1910
$450,544 $494,926 sur.$405,608
$1,704,602
$353,523
1909
964,684
257,034
464,014
509,632 def. 265.996
REPORT.—For cal. year 1909, In V. 90, p. 694, showed : Net profits,
$3,448,394; royalty and deprec., $1,625,838; bond Int., $1,012,458; bal.,

sur.,

$810,098.

DIRECTORS.—M. H. Taylor (Chairman), W. K. Field (Pres.), C. E.
Wales (V.-P.), A. W. Mellon, Geo. T. Oliver, H. R. Rea, John A. Bell,
James H. Beal, John I. Bishop, Harry Bronner, Andrew J. Miller, C. M.

Underhill, Grant B. Schley, D. L. Gillespie, C. E. Wales, J. Dennlston Lyon,
William Flynn, J. C. Dysart and James B. Haines Jr.
Treas. Is F. M. Wal¬
lace; Sec., F. J. Le Moyne, 32 Fifth Ave., Pittsburgh.—(V. 90, p. 1494.)
POPE MFG. CO.—ORGANIZATION.—Incorp. In Connecticut Dec. 12
1908 as successor of N. J. co., sold per plan V. 87, p. 350, 1360.
The new
oo. will own only the Hartford (Conn.) and Westfield (Mass.) plants.
SECURITIES.—Stock, authorized Issues, $4,000,000 common and $2,500,000 6% cum. pref. stock In $100 shares. The $800,000 6% mtge.
notes were paid at par in 1909.
Of the pref. stock, $301,797 and $309,192
oom. stock to remain In the treasury.
DIVIDENDS.—On pref. stock, full 6% accumulated dlvs. paid Sept. 30
1909; thereafter 1
quar. In July 1910.
Com., 2M%, paid July 30 1910.
REPORT for 7 H mos. ending July 31 1909 In V. 89, p. 915, showed
tot. net Inc., $520,845: Int. and mlsc. dlsb’ts, $37,978; bal., sur., $482,867.
DIRECTORS.—Harry Bronner, Fred. H. Ecker and Augustus Heckscher;
Lewis H. Freedman, F. S. Smithers, A. W. Pope, Colgate Hoyt, A. L.
Pope and Milton Fergyjon. Main office, Hartford, Conn. N. Y. office.
21 Park Row.—(V. 89, p. 596, 781, 849, 915; V. 91, p. 42.)

PRESSED

STEEL CAR

CO.—ORGANIZATION.—Incorporated In

New Jersey on Jan. 13 1899 as a consolidation of the Schoen and Fox pressed
steel equipment companies.
’—‘ *
The com
*
and McKees Rock, Pa., with a capacl
passenger car shops have a capacity of <ov» awam or street railway cars per
annum.
Also controls (1) Western Steel Car A Foundry Co. (V. 74, p. 991,
835, 729; V. 80. p. 169), which has plants at Burnham, Ill., near Chicago,
and Anniston, Ala.; (2) Pennsylvania Car Wheel Co., with foundries at

Allegheny, Pa., with a capacity of 250,000 car wheels per ann.; (3) also the
Central Car Wheel Co. and the Penn. Malleable Co. (V. 84, p. 447).




text

7
12,500,000
5 g
500,000
10,500,000 12 in ’09
2.250.000 8 In 1909
3,000.000
5g
2,000,000
4H g
120,000,000 8 In 1909
5.000,000 See text
9,000,000 6 In 1909
13,500,000 See text
13.500.000 7 in 1909
8 g
3,945,000
27,191,000
25.000.000
Q-i-J

1,000

1901

Q—J

See text
See text

5 g
5 g

DIVIDENDS.—
Common, per cent
Preferred, per cent

Q—F
Q—F
F

A

A

Q—F 15
Q—J 15
Q—F
MAS

Q—F
Q—J 15
Q—F
A

A

A

Fidelity Trust Co. Phlla
Land Title A Trust, Phlla

Union Tr Co, Pittsburgh
Union Trust Co, Plttslrh

11954
1 1935

July 30’10 ZH
July 30*10 IX%
Bulld-l
Aug 30}*04 1% U
i. Pa
May 25*101 H% / lng, Pittsburgh,
Jo, N Y
Feb 1911
Guaranty Trust Co,
Aug 15 *10 3% Co.’s OfHoe, Cincinnati,O
do
do
July 15 *10 2 %
To May 1915
346
Fourth
Ave,
N Y
Sept 1 1921
Aug 15 *10 2% N Y, Chicago and Boston
July 15 *10 2 X Checks mailed
do
do
Aug 31*10 1H%

J

O Oct 22*08 1%
June 20*10 1 H
J Jan 1 1921

Q—M
J

Central Trust Co, N Y
Farmers L A Tr Co, N Y
Checks mailed
Land Title A Trust. Phlla

1H Checks mailed

July 25 *10
Jan
Jan

Places Where Interest and
Dividends are Payable

Equitable Trust Co, Chic

July 1 1917

Q—J

«

12.500.000 See

Last Dividend
and Maturity

MAN May 11936
F
A A May 1 1945
Q—M June 15 *10 1K
JAJ Oct 1949
A
A O After Apl 11946
A A O Apr 1 1948

6 g
A
J
19.981.000
J
J
A
1.500.000
J
5*
See text
See text See text
See text
See text
Q—J

100
100
100
100

held available ps collateral for loans.
V. 74. p. 215.
REPORT.—Year ending Dec. 31 1909, with balance sheet. In V. 90, p.
1042, showed: Total gross Income, $5,489,903; operating exp.and charges,

mina

$260,000
6.000.000
6,000,000
24,987.760
16.014,142
1,994,300
5 g
11,268,060
28,104.600
27.071,800 See text

100 Ac

adjacent counties. ,„See V. 69_,

deposit of all securities owned.

Payable

1,000

$2,000,000 old Phlla. Electric certifi¬
cates were purchased, reducing the amount outstanding to $11,268,060.
V. 70, p. 331.
In Aug. 1900 purchased $2,000,000 foura, the same being

purchased $15,000,000 of the

When

%

1,000

Under agreement of Oct. 12 1899,

In 1903 were

Rate

$1,000

5 yearly.
5H
6
1H (1 M) (-)-(-)
Also extra paid In stock
(See above.)
$1
$1 50
BONDS.—Collateral trust 4% 50-year certificates, dated 1899, $14,982,200, were used to purchase $14,994,100 of the $15,000,000 Penn. Mfg.
L. A P. stock ($1,500,000 paid in) and all the $17,500,000 Nat. Elec,
stock ($4,375,000 paid In), the balance to be retained to acquire other
electric properties fn Philadelphia and
8:

IT paid In

Amount

Outstanding

25
1899
1896
1898

Pullman

p.

[VOL. LXXXXI

INDUSTRIAL STOCKS AND BONDS.

156

Harvey Fisk A Sons, N Y
do
do

do

do

burgn
See text July 1 *10 1 H%
New York Trust Co . NY
A
A
O Oct 1 1934
A
A
O Oct 11940

11899

/

1900
6

1901

1902

1903

1904

4

4

5

3

To July *10
None

7% per annum (1 %% Q.-F.)
REPORT.—Report
Report for year ending Dec. 31 1909, with bal. sheet, was
90, p. 499, showing profits (lnd. sale of Canada Car Co. stock), $1,954,583; deprec., $120,000; pref. dlv. (7%), $875,000; bal.,sur., $959,583.
In 1908, profit on operations, $265,478; In 1907, $2,907,920.
DIRECTORS.—F. N. Hoffstot (Pres.), Adrian II Larkin (Sec.), James
A. Blair, James H. Reed, A. S. Matheson, T. H. Given, James N. Wallace,
F. G. Ely, C. W. Friend
N.Y office. 24 Broad St.—(V. 90. p. 113, 4M.)
in V.

PROCTER ft GAMBLE CO.—Formed In 1890 under laws of New Jersey
candle, oils and glycerine business; reincorporated in
Ohio in 1905. V. 60, p. 655, 1916.
In 1903-04 built a new plant In Kansas
City. Kan., costing about $1,000,000. V. 76, p. 1196. Plant on Staten
Island, N. Y., was completed In Feb. 1908. V. 81, p. 1243,1562; V. 83,p.498
In 1910 purchased plant of D. S. Brown A Co., New York. V 90. p. 1047.
STOCK.—In 1909 $1,500,000 new stock was subscribed by stockholders
at par. Increasing amount out to $10,500,000.
V. 88. p. 381, 886.
1 *91. *92 to *97 lnd. *98 to *00 1901 to Aug. 1910
DIVIDENDS.—
On common
8
12 per cent. 20 yearly *12 yrly (Q.-F.)
j
*
Also extra dividend of 14 2-7 % paid Jan. 2 1904 and 25i % Dec. 1905.
NOTES.—In April 1910 sold $3,000,000 5% notes, due $300,000 seml-an..
but callable ona4H% basis, for extensions, additions, Ac.
No mtge. or
other lien can be placed during life of notes.
V. 90, p. 1047, 1106; v. 81,
p. 1562; V. 83. p. 498.
Office. Cincinnati.—(V. 90. p. 1106.)
PROVIDENT LOAN SOCIETY OF NEW YORK.—See page 164.
(THE) PULLMAN CO.—On Jan. 1 1900 the Wagner Palace Car Co.
sold its assets to The Pullman Company, representatives of the Vander¬
bilts entering the board of directors.
V. 69, p. 854: V. 70, p. 40. In 1908
began building steel cars. V. 84, p. 697; V. 87, p. 1163; V. 90, p. 506. In
May 1909 improvements were ordered costing about $3,000,000. V. 88,
p. 1317. In April 1910 Inter-State Commerce Commission ordered reduction
of certain rates, but the Court In July 1910 granted an Injunction pending a
re-hearing. V. 90, p. 1047, 1617, 1682; VT 91. p. 157.
to carry on soap,

REGULAR CASH DIVS. \ *77-’80. ’81-*83. *84 *98. *99. ’00 to Aug., 10
Sinoe 1877 (%)
1 8 y’ly. 9 H y’ly. 8 y’ly. 6 H
8 yearly.
Also In 1898 and 1906 and to stockholders of record April 30 1910 (last
20%) extra dividends to distribute surplus assets. V. 67, p. 75, 789, 840,
902; V. 83, p. 1174, 1233; V. 90. p. 451, 506, 854.
EARNINGS.—For 7 mos. ending Feb. 28 1910, gross. $20,450,800; net,

2-3%). $4,666,208;
90. p. 1176.dlvs. 7 mos.
Int. on$6,394,144.
?9,608.001;
mfg. profitsbal.,
and sur.,
Investments,V.$1,452,351;
4

REPORT.—Report for 1908-09 was in V. 89, p 1067.
1906-07.
Years ending July 31—
1908-09.
1907-08.
Earns, from cars, mfg. profits, Ac
$33,801,156 $31,620,241 $32,186,013
18,001,759 $17,388,741
Operating expenses
. 18,517,341
2,421,597
3,362,238
Depreciation of cars, Ac
3,794,323
749,342
Paid other sleeping car associations-.
541,290
467,320
7.476,878
Dividends on capital stock
7,999,070
7,998,356

surplus for year
$2,949,131 $1,790,568 $4,149,455
DIRECTORS.—Robt. T. Lincoln (Pres.), John S. Runnells, Henry O.
Hulbert. Norman B. Ream, Wm. K. Vanderbilt, J. Plerpont Morgan.
Frederick W. Vanderbilt, W Seward Webb, John J. Mitchell. Chauncey
Keep. George F. Baker.—New York. 15 Broad St.—(V. 91, p. 157.)
QUAKER OATS CO.—See page 164
Net

RAILWAY STEEL-SPRING CO.—Incorporated In New Jersey on Feb.
V. 74, p. 382, 482. In June 1902 purchased
V. 66, p. 185; V. 72. p. 444; V. 74, p. 1041,
1200; V. 75, p. 80. Total capacity steel spring plants, 156.000 tons; steeltired wheel plants, 85,000 wheels; tire plant, 90.000 tons.
DIVIDENDS on pref., 1 H% quar., paid June 1902 to June 1910, Incl.
Com., 2% April 1904; 1905 to 1907, 4% yrly.; 1908, 3^&; none since.
BONDS.—In Nov. 1905 the Latrobe Steel Co. was acquired, $4,500,000
5% 15-year bonds being issued, a first lien thereon, but not a lien on other
25 1902 as a consolidation.
the Steel Tired Wheel Co.

Sroperties.
Annual
sinking V.fund,
2, p. 51; official
$135,000.
V. 81, p. 1496, 1726; V.
statement,
84, p;
100.
REPORT for cal. year 1909 In

V. 90, p. 694, showed: Gross, $7,843,293;

deprec’n, $1,866,461; Int. on Latrobe bonds, $202,702; dlv. on pref.
(7%), $945,000; bal., stir., $718,759; total, sur. Dec. 31 1909, $2,989,701.
Chairman, J. E. French; Pres., W. H. SUverthom; V.-Ps.. F. F. Fitz¬
patrick, A. S. Henry; Sec., M. B. Parker; Treas., E. McCormick.
Dlrecors March 1910, V. 90, p. 632.
Office, 30 Church St., N. Y.—(V. 90,p.703)
net over

REPUBLIC IRON ft STEEL

CO.—ORGANIZATION.—Incorporated

in N. J. May 3 1899 to consolidate 29 plants making bar and forge Iron.
Also owns 9 blast furnaces, Bessemer steel plant, mining properties in Mesaba range, extensive iron and coal lands in Alabama, Ac.; coke plants at

Republic and Acheson, Pa., and Thomas, Ala.
(See V. 71, p. 545.) For
properties, V. 68, p. 674; V. 70, p. 228; V. 71. p. 454; V. 77, p. 455; V. 79.
p. 1480, 1702; V. 81, p. 1562; V. 83, p. 1035; V. 84, p. 342; V. 87, p. 1303.
Guarantees $1,475,000 Haselton Steel Tube Co. 3-yr. 5% notes due Apr. 15
1912, but sub. to call at par. V. 88, p. 1005; V. 89, p. 527: V. 90, p. 300, 376.
In Nov. 1906 Republic Iron A Steel and Tenn. Coal A Iron jointly guar¬
anteed $700,000 5% bonds of Potter Ore Co.
V. 83, p. 973, 1417.
STOCK.—In Aug. 1909 $4,583,100 pref.stk. was sold. V.89,p.290,533.
Oct. *99 to Oct.’OZ. 1904. Oct. *05 to Apr.*08. 1909.
1910.
Pref. Dlv..
7% yearly.
7% yearly.
0
3 HL To July, 5 M

BONDS.—The sinking fund 5s of 1910

($25,000,000 authorized Issue)

of the 1st 5s of 1904, which are to be called and retired at
105 on Oct. 1 1914, become a first lien on the entire property.
In 1910
offered to purchase the old 1st M. 5s at 105 or give In exchange par In new
bonds and 5% In cash.
In June 1910 there were outstanding $1,350,000
old 1st M. 5s and $7,500,000 new 10-30-year 5s.
The bonds are callable
for a sinking fund beginning April 1 1911 (minimum amount $250,000)
and also on and after April 1 1920 as an entire Issue at 105 and Interest.
Of the new bonds, $10,000,000 have been sold to retire the 5s of 1904 and
for general purposes, $1,475,000 are reserved to take up a like amount of
Haselton Steel Tube Co. guaranteed notes due April 15 1912, $2,000,000
from time to time after Jan. 1 1911 at the cumulative rate of not exceeding
$500,000 yearly and the remaining $11,525,000 for Issue after Jan.l 1911,
for expenditures after the execution of the mtge. for acquisitions and better¬
ments under restrictions.
V. 90, p. 451, 703 , 854, 1048.)
will on retirement

INDUSTRIAL STOCKS AND BONDS

July, 1910.J

MISCELLANEO US COMPANIES
[For abbreviations, Ac., see notes on first page]

Date
Bonds

Republic Iron & Steel— [Continued)-Potter Ore 1st M $700,000 g guar Jointly (text) sf H share
Rhode Island Perkins Horse .Shoe—Pref 7% cum $1,750,000
Rochester & Pittsburgh Coal & Iron—First mtge gold ai f._c
Helvetia purch money mortgage gold sinking fund—Ce.c*
First mortgage of 1002 $2,000,000 gold red 105 s f—G.c*
Rogers-Brown Ir Co- -lst&ref M $8,000,000 g red 102 H Ba.c*
Buff & Susqueh Iron—1st M $8,000,000 g red (text) N.xc* A
Debens $1,500,000 gold red 105 aft Sept 1910. K.xc* Ar
Royal Baking Powder—Common stock $10.000,000
Preferred stock $10,000,000 6% cumulative
Safety Car Heating & Lighting—Stock ($10,000.000)
St Paul Union Stock Yards—Sterling priority loan
First mortgage

Par

Amount

Bate

When

Value

Outstanding

%

Payable

1908

$1,000

1886
1896
1902
1910
1902
1906

1,000
1,000
1,000

100

1896
1886

Sears, Roebuck A Co—Common stock $30,000,000 authorized
Preferred stock 7% cumulative (text)
Siegel Stores Corporation—Common stock
Pref stock 7% cum $2,000,000

500 dec

1,000
1,000
100
100
100
£10 dec

1,000
100
100
100
100
100
100
100

Singer (Sewing Machine) Manufacturing—Stock $80,000,000

Sloss-Sheffield Steel & Iron—Common stock $10,000,000...
Preferred (as to assets) 7% non-cumulatlve $10,000,000..
Sloss Iron A Steel Co first mortgage gold
Ce
General mortgage gold subject to call at par
Ce
Somerset Coal—Stock $4,000,000
First mortgage $4,000,000 gold redeemable 110 sinking fund
South Yuba Water Co—See “Electric Ry. Section.”
Spring Valley Water—Stock $28,000,000—
General (now first) mortgage $28,000,000 gold
Standard Cordage—First mortgage gold redeemable 105.Eq
Adjustment (income) mortgage $2,500,000 (see text)..Ta

1887
1888
100

1902

1,000
100

1,000
1906
1906

REPORT.—Report for the 6 mos. ending Dec. 31 1909 In V. 90, p. 30o,
showed net profits after dep’n, Ac., $1,334,392; dividend on pref. (3H%>.
$794,796; bal., sur., $539,596.
Report for the year ending June 30 1909
was in V. 89, p. 527, showing net profits after dep'n, Ac., $1,629,346; dlv.
on pref. (2%), $408,338; bal., sur., $1,221,008.
DIRECTORS.—John A. Topping (Chairman), G. Watson French, Tracy
W. Guthrie (Pres.), J. B. Duke, Leonard C. Hanna. Earl W. Oglebay, Edw.
J. Berwlnd, Harry Bronner, John W. Gates, John F. Harris, Grant B.
Schley and Harry L. Rownd. H. L. Rownd Is Sec. and Treas. Main
office, Frick Building Annex, Pittsburgh; New York office, 115 Broadway.
—(V. 89, p. 533, 781, 1071; V. 90. p. 300. 377, 451, 703 854, 1048.)
.

RHODE ISLAND-PERKINS HORSE SHOE CO.—See page 164.
ROQERS-BROWN IRON CO.—ORGANIZATION.—Incorp. In N. Y.
Dec. 27 1909 and acquired by merger the Buffalo A Susquehanna Iron Co.
stock: also purchased certain real estate In Buffalo and the South Buffalo
Canal A Dock Co., and will build two blast furnaces and ore docks.
The
Buffalo A Susquehanna Iron Co. owned at South Buffalo, N. Y., two
blast furnaces having a capacity of about 700 tons of pig iron dally, and
leased for 50 years ore lands In Mesa be range, near Hlbbing, Minn., and in
Menominee range at Iron Mountain, Mich., also leaseholds on ore lands at
Iron River, Mich.
Company mines its own coal and manufactures Its own
coke from coal lands leased at Tyler and Sykes, Pa. Stock auth..$5,000,000.
Applications to list were In V. 83, p. 101, and V. 85, p. 1524.
Stock authorized, $5,000,000.

BONDS.—The “first and refunding” 5s of 1910 ($8,000,000 authorized
Issue) will be secured by a first lien on the new furnaces to be constructed
and a direct lien on all the remaining property, and by a sinking fund
of 25 cents per ton on upwards of 20,000,000 tons of Iron ore.
Of the
Issue, $4,500,000 has been sold, $500,000 Is reserved to retire $500,000 Buff. A Susq. 5s to be outstanding June 1 1932 (the sinking fund.
It Is stated, will have redeemed the remainder of the Issue), $1,500,000 to
retire $1,500,000 B. A S. debentures, and $1,500,000 for future add'ns and
Improvements. The bonds will be paid at par and Int., plus a premium of
2H% Jan. 1 yearly from 191$ to 1940 Inclusive.
V. 90, p. 56,113, 774.
The B. A S. 1st 5s are sub. to call as an entire Issue at 107K. also at par
for sinking fund in 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 lncl.
$100,000 redeemed In June 1907 to 1910, leaving $2,600,000 outstanding.
As to the debentures, see V. 82, p. 220; V. 85, p. 1524.
EARNINGS.—For 5 mos. ending Sept. 30 1909, net profits, $310,382;
bond lnt., $87,500; bal., sur., $222,882.

Earnings Buffalo A Susquehanna Iron, Year ending April 30.
1909.
1908.
1907.
1906(10 mos.)
Net earnings
$246,336 $868,114 $713,066
$427,124
Bond Interest
215.417 220,417
216,670
141,471

Surplus

$30,919 $647,697 $496,396

$285,653

Wm. A. Rogers, Pres.; S. M. Clement, V.-P.; Hugh Kennedy, 2d V.-P.
and Gen. Mgr.; H. D. Carson. Sec.; Wm. T. Shepard, Treas.—(V. 90,
p.

56. 113, 774, 1176.)

ROYAL BAKING POWDER CO.—ORGANIZATION.—A consolida¬

tion Incorporated In Feb. 1899 under the laws of N. J.
Controls American Maize Products Co. V. 66, p. 550.

See V. 71, p. 545.

DIVIDENDS.) ’00. *01. *02. ’03. *04. '05. *06. *07. *08. '09. To June‘10
8
8
8
10 10 10 10
\ 8
8
8
6
J 666666666
6
3
Pres., P. J. BoseUy; Treas., John Morris; Sec., W. L. Garey.
Office,
Royal Bldg., WlUlam and Fulton Sts., New York.—(V. 90. p. 774.)

Common
Preferred

RUBBER GOODS MANUFACTURING CO.—ORGANIZATION.—
Incorporated In N. J. Jan. 26 1899, and acquired all of the stock of the
Mechanical Rub. Co., owning Itself, or, through the latter, the entire stock
of New York Belting A Packing Co., Stoughton Rubber Co., Fabric Fire
Hose Go., Chicago Rubber Works and Cleveland Rubber Co., the Peerless
Rubber

Mfg. Co., Hartford

Rubber Works

Co.,

India Rubber Co.,

Indianapolis Rubber Co., American Dunlop Tire Co., New Brunswick
Tire Co., the Sawyer (cotton) Belting Go., Morgan A Wright, Ao.
These companies manufacture all classes of rubber goods, except boots
and shoes, principally bicycle and soUd and pneumatic vehicle tires, fire
hose, garden hose, air-brake hose, steam hose, belting, packing, hard
rubber goods, druggists’ sundries, rubber thread, Ac.
All exoept about $200,000 of the $16,941,700 common stock and all

exoept $3,413,900 of the $10,351,400 pref. stock has been acquired by the
U. S. Rubber Co.
V. 84, p. 842. 866; V. 82, p. 1105; V. 81, p. 159.
DIVIDENDS.—On pref., June 1899 to June 1910, 7% per annum
(1 H% Q.-M.).
On common, 1900, 2%; 1901, 3%; 1902 to 1905, none;
1906, 1%; 1907.1%; 1908. 4% (Q.-J.); 1909, Jan., 1%; 1910, Mch., 1%.
BONDS.—The bonded debt of companies controlled consists of;
$732,000 Mechanical Rubber Co. 1st sinking fund gold 6s, due Jan. 1
1918; $453,475 N. Y. Belting A Packing 1st mtge. sink, fund deb. 6s, due
Jan. 11918, subject to call at 110, of which $252,685 held by Mech. Rub. Co.
General Rubber Co. bonds ($9,000,000 auth.) are guaranteed, p. A 1., by
Rubber Goods Mfg. and U. S. Rubber cos.
V. 81, p. 36. 901.
REPORT.—Report for year ending Dec. 31 1909, V. 90, p. 1236, showed:
Net, $2,296,462; divs., $963,489; surplus, $1,332,973.
OFFICERS.—Pres.. Elisha S. Williams: V.-P., Chas. A. Hunter and
Lester
Inland; Sec., Samuel Norris; Treas., Thomas H. Lee. New York
office, 42 Broadway.—(V. 90, p. 1226.)
SAFETY CAR HEATING & LIGHTING CO.—ORGANIZATION.—
Incorporated in 1887 In New Jersey.
Manufactures “Pintsch” light ap-

Sratus,
which,
cars In the United States,
nada and
Dec. 31
was Inonuse165,000
on 35,388
Mexico;
In 1909,
the world,
cars and 8,000 locomotives.
*®01«

^

*02. ’03. ’04. ’05. ’06. *07. ’08. 1909.

1910.

Cash (%).-S y’rly HAlOstk. 9
12
17
12
13
18
9 2-2-2-S Below.
In July 07 a 100% stock dlv. was
paid. In ’10, Apr. A July, 2% each.

REPORT.—Report for

year ending March 31 1905

In V. 80. p. 2218.

J?Y,vycar 19?9, combined net earnings of Safety and Pintsch

cos. were

$1,178,802: surplus after deprec’n ($263,754) and dividends. $216,211.
Directors include: Robert Andrews
(Chairman). R. M. Dixon (Pres.),
Wm. Barbour. A. C. Soper. Wm. A.
Read. H. H. Wehrhane. O. C. Gayley;
E. M. Bulkley and E. LeB. Gardner,
R. Parmly, Austin Lathrop. J. P.

Soper^A. H. Calef, A. B. Hepburn. N. Y. office,

2 Rector St.—(V. 85.

ST- PAUL UNION STOCK YARDS CO.—ORGANIZATION.—Incor¬
porated In Minnesota In 1886. Owns 230 acres about 5 miles south of




157
Last Dividend
and Maturity

J
& D Dec 1 1923
$334,000
5 g
1,750,000 See text
Q—J July 15 ’10 1%
Various 1910 to 1912
75,000
5K
5 g
MAN May 1 1946
988.000
A
1,849,000
4H g F
Aug 1 1932
J
A
Jan ’13-Jan '40
4,500.000
5 g
J
A
DJune 1 1932
2,600,000

10,000,000 See

10,000,000j

6

211,950!

5

Q—M
Q—J

9,862,000 9 In 1909

1,994,0001

30,000,000 See
8.800,000 7 in
8,275,000! See
2,009,000,See

A
A

5

|july 1

OOct
OOct

1910 2%

1 1936
1 1916

By check
London, England
N Y, Lon and South St P

text
Q—F Aug 15 *10 1 H
1909
Q—J Julyl *10 1 H% Checks mailed
text See text Men 17 *10, 2 vi
text See text Aug 1 1910 \%

60,000,000jSee text
10,000,000;See text
6,700,000
2,000,000
2,000,000
4,000,000
3,543.000

A
A

Hanover Nat Bank, N Y
Checks mailed
36 Wall Street, New York
do
do
do
do

Knlck Trust Co, N Y
do
do
Checks mailed
do
1
H
June 3010
%

6 g
M A
SJan
1 1926
text
Q M June3010 3%

1,500,000

Places Where interest and
Dividends are Payable

June 30 *10 3%
June 110, lH% Central Trust Co, N Y
do
do
7 In 1909
Q—J July 1 *10 1 H%
6 g
F
A
do
do
A Feb 1 1920
A
do
do
A
O
4H g
Apr 1 1918
See text See textFeb 1 1904 2% Checks mailed
5 g

Q—M
Q—F

F

A

A Feb

28,000,000 2 in 1909
Q—M Mch
4 g
J
A D Dec
18,773,000
5 g
A
A
2,805,373
O Apr
2,471,686 Up to5%
..Apr

Guaranty Trust Co, N Y

1 1932
31 10
1 1923

1 1931
1 1931

K%

N Y, San Fr A Fran-on M
Oct. ’09 coup pd Mch *10

St. Paul used for stock yards purposes and large amount of adjacent town
site.
Stock, $2,000,000; par of shares, $100.
Bonds, see table above.
Year ending Dec. 31 1908, gross. $337,559; net, $192,328: Interest on

bonds, $110,297; bal., sur., $82,031.
Pres., Wm. Maglvny; Sec. and
Treas.. A. A. McKechnle.
Office, South St. Paul. Minn.—(V. 75, p. 618.)

Sec.”
SEARS. ROEBUCK & CO.—ORGANIZATION.—Incorporated in New
SAN FRANCISCO OAS A ELECTRIC CO.—See “Electric Railway

York June 16 1906.
Conducts retail mall order business In Chicago.
V. 83. p. 629, 41.
Statement to New York Stock Exchange, showing prop¬
erties owned, rights of stock, Ac.
V. 84, p. 1246; V. 90, p. 240.
STOCK.—Common stock, $30,000,000 all outstanding; par, $100.
Pre¬
ferred, see table above. Preferred stock Is also preferred as to assets and
cannot be Increased or mortgage (other than purchase money mortgage)
created without the vote of three-fourths of each class of stock.
Entire

preferred stock or pro rata portion may be redeemed at 125. No dividend
shall be paid on common stock until $1,000,000 at least has been set aside
as surplus profits and not In excess of 4% until an additional $1,500,000 has
been set aside.
V. 84, p. 1246.
In Nov. 1909 $750,000 pref stock was purchased and canceled, $1,200,000
In all (original Issue $10,000,000) having been retired.
V. 89, p. 925,
1286; V. 90. p. 714.
DIVIDENDS.—Pref., 1H%

quar.

paid Oct. 1906 to July 1910, both lnd.

On com., 1909 4H%; 1910. Feb., 1%%; May, 1 H%; Aug., 1X%REPORT.—Fiscal year ends Dec 31.
Report for year ending Dec. 31
1909 in V. 90, p. 369, showed gross sales, less goods returned, $51,011,536;
dlvs. on Investments, $123,969; cost of purchases, aU expenses, repairs,

pref. (7%), $669,375; com. dlv. (4H%), $1,350.For year ending June 30 1908, gross sales, less
goods returned, $40,843,866.
OFFICERS.—Pres., JuUus Rosenwald; V.-P. and Treas., Albert H.
Loeb; Sec.. John Higgins.—(V. 90, p. 240, 369. 632. 71-, 1048.)
SIEGEL STORES CORPORATION.—ORGANIZATION.—Incorporated
In Delaware on June 16 1909 and took over,per plan, V.88, p.l 563, the Siegel,
Cooper A Co. of Chicago and Slmpspn-Crawford Co. and the Fourteenth
Street Store of New York.
Common stock, $8,275,000; par, $100; pre¬
ferred. see table.
First dividend on preferred stock, 1 H%, paid Nov. 1
1909; 1910, Feb., 1 H%: Apr. 30,1 H%: Aug. 1,1 %%.
First dlv. on com.;
2H%. paid Mch. 17 1910. V. 90, p. 714. Mtge. debt of three stores,
$1,200,000.
Office, 311 Sixth Ave., N. Y.—(V. 89, p. 1071; V. 90, p. 714.)
SILVERSMITHS CO.—(V. 87. p. 100; V. 90. p. 451. 1048, 1106.)
SIMPSON SECURITIES CO.—See V. 88, p. 1563.
SINGER (SEWING MACHINE) MFG. CO.—ORGANIZATION.—
Ac.. $44,943,145; dlv

on

000; bal., sur., $4,172,985.

Incorporated In 1873 In New Jersey under special Act.
at

Elizabeth, N. J.; KUbowle,

Plants are located

Glasgow; St. John, Que., Ac. In
Jan. 1907 the Wheeler A Wilson Mfg. Co. was merged.
V. 83, p. 276.
Stock, $60,000,000, having been Increased in Dec. 1900 by 200% stock
dividend and in June 1910 by 100% stock dividend, capitalizing surplus.
V. 71, p. 1224, 1273; V. 90, p. 1494.
Dividends—
*01. *02. *03.
Since 1900(%) 7
0H 12

’04

31

near

’05.

13

’06. ’07. *08.
1909.
1910.
8
11
15 5-5-10-10 10-3 (-) (-)

Pres., Douglas Alexander; V.-P., Edwin H. Bennett. Office. 149
Broadway, New York.—(V. 83, p. 276; V. 90, p. 1494.)
SLOSS-SHEFFIELD STEEL A
IRON CO.—ORGANIZATION .—
Incorporated in New Jersey. See prospectus, V. 69, p. 286; V. 70, p. 1099;
V. 71, p. 185, 545; V. 72, p. 779; V. 76. p. 659; V. 87. p. 352.
Stock.
$3,300,000 preferred Is reserved for future requirements.
See listing,
V. 70. p. 1200, showing properties, rights of preferred shares, Ao.; also
V. 72, p. 774* V. 78. p. 1177; V. 81. p. 1324.
DIVIDENDS on preferred April 1900 to July 1910. 7% yearly (Q.-J.),
7% declared for 1908.
Dlv. on oom.. In 1905 5% In cash and In Oct. 83
1 -3%In com.stock ($2,500,000); Apr. 1906 to Mch. 1908, lnd., 5 yearly;
June ’08, 1%; Sept., 1%; Dec., 1%; 1909. Mch.. 1X%; June. 1 K%;
Sept., 1 H%: Nov. 30,1H % and % % extra to equalize the dlv. rate for the
three quarters In 1908, when 1% was paid; 1910, Mch., 1 H%: June, 1 X%.
REPORT.—Report for year ending Nov. 30 1909, given In V. 90, p. 693.
856, showed net above deprec’n. Ac.. $1,336,947; bond lnt., $210,000;
dlv. on pref. (7%), $469,000; dlv. on oom. (5%), $500,000; surplus, $157.947.
Total surplus Nov. 30 1909, $3,279,522.
Pres., J. C. Maben; Seo.
and Treas., E. L. Morris, Birmingham, Ala.—(V. 90, p. 844. 836.)
SOMERSET COAL CO.—ORGANIZATION.—Incorporated in Pennsyl¬
vania

Dec. 20 1901.
V. 81, p. 1497. Coal mined In 1908, 1,424,266
The Consolidation Coal Co. owns the $4,000,000 stock.
V. 88, p.
1317; V. 78, p. 1272.
Dividend, 2 %, paid Feb. 11904; none since. Bonds,
see above.
V. 78, p. 1272; V. 88, p. 382.
Report for year ending Dec. 31 1908 In V. 88, p. 1000, showed: Gross
earnings. $1,736,797; net, $340,370; other Income, $71,903; charges,
$266,365; bal., sur.. $145,914.
Pres.. C. W. Watson.
Office, Baltimore.
Md.—(V. 86. p. 725. 13411 V. 88. p. 382, 751, 1000, 1317.)
SOUTHERN A ATLANTIC TELEGRAPH.—Leased to Western Union for
999 years from Oct. 1 1876 (which owns $390,475 of the $949,050 stock) and
stock guaranteed by rental 5%, payable A. A O. by Treasurer West. Union.
SOUTHERN NEW ENGLAND TELEPHONE.—(V. 91, p. 151.)
SOUTHERN IRON A STEEL CO.—(V. 90, p. 563, 895. 703. 774.)
SPRING VALLEY WATER CO—See page 164.
tons.

STANDARD CORDAGE CO.—ORGANIZATION.—Incorporated In
Apr. 1906. V. 81, p. 1726. Owns SewaU A Day MU1, at Boston
(Alston), Mass.: also the Waterbury and Morgan Ave. mills at Brook¬
lyn, N. Y.; none operated Apr. 1910; also two partly dismantled, and stock
($50,000) of Cannabis Mfg. Co., owning the Boston Mills in Boston (the
Chelsea mills, Boston, ana Wail A Sons mills, Brooklyn, have been sold);
see V. 73,
p. 614; V. 81, p. 1726; V. 90, p. 114. Stock out, $2,759,785.
The April 1909 ooupons on the first mortgage bonds were paid Sept. 1909
and those of Oct. 1909 In Mch. 1910; payment of the April 1910 coupons
was deferred.
Bankruptcy proceedings were begun In May 1910 In the
Federal courts.
In July 1910 decision was pending In State court on ques¬
tion whether the company should not be voluntarily dissolved.
V. 90, p.
N. Y.

1048, 1428.
A protective committee, Charles E. Orvls, Chairman (P. J.
O’Brien, 36 Wall St., N. Y., Sec.), was formed. V. 88, p. 886.
Another
committee, consisting of Frederick C. Meacham, Raymond H. Flero and
Frank C. Littleton, represents adjustment bonds.
V. 90, p. 1243. '
EARNINGS.—Report for year ending Sept. 30 1909 In V. 90, p. 235.
showed deficit under charges of $231,334.
OFFICERS.—Chairman of Board, James B. Clews; Pres., Sec. and
Treas.. James G. Hurty. Office, 45 South St.—(V. 90, p. 1243, 1428.)

158

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES
fFor abbreviations, &c., see notes on first page]

Date
Bonds

Standard Milling—Stock (preferred 5% non-cumulative)
First mortgage gold $6,250,000 (see text)
Standard Oil—Stock $100,000,000
Sunday Creek—Sunday Creek Coal first mtge gold assumed..
K & HC AClstMgguby Hock Vail RR red 110 after 1911
Cont Coal 1st M g gu by Hock Vail RR s f ’06 red 110 aft’12S
Collateral trust mortgage gold s f (other bonds text) ..Ce.c*
Swift & Co—Stock $60,000,000
First mortgage $5,000,000 gold call since July 1910
AC
Temple Iron—Stock $5,000,000 guaranteed (see text)
Mtge & coll tr bonds $15,000,000 g gu s f (see text)__G.c*
Tennessee Coal, Iron & RR Co—Stock com $50,000,000 auth
-

Par
Value

Union Ferry—Stock
:
First mortgage gold redeemable at 110 since Nov 1 1895..

1892
1901
1902
1905

1,000
1,000
1,000
1,000

1900

100
500 &c
100

1899

1,000

1887
1887
1901

1,000
1,000
1,000

1898
1892
1906

1,000
1,000
1,000

1905
1902
1908

1890

100

100
&c

incor-

Borated under the laws of New Jersey in June 1899 and took over from

quidatlng trustees the properties of the former Standard Oil Trust organ¬
ized in 1882 (V. 68, p. 1227; V. 69, p. 28; V. 83, p. 1293).
In 1909 had
about 113 subsidiary companies, domestic and foreign, their total share

capital aggregating $229,963,195. See V. 88, p. 372; V. 85, p. 216, 790;
V. 83, p. 1293; V. 89, p. 1355.
Also see V. 88, p. 808; V. 87. p. 1303,
170, 100; V. 86, p. 1046, 984, 289; V. 84, p. 808; V. 83, p. 1294.
Business consists in producing, purchasing, piping, refining and selling
petroleum all over the United States; also exporting same in its own vessels
The country’s total production of crude oil In 1905
throughout the world.
was 135,000,000 barrels, but not over one-sixth of this, it was stated, came
The

alleged, handled

84% of the country’s output of crude oil and produced 86)4% of
the output of Illuminating oil [Director Archbold said 70 to 75% of the
refined oil, V. 82, p. 809—Ed.] and about the same proportions of the other
finished products of petroleum.
V. 82, p. 1105; V. 84, p. 1252.
STOCK.—It has long been reported that a large increase in the capitali¬
zation is contemplated whenever times are propitious in order to make
the amount of the share capital correspond approximately with the total

value of assets.
In Nov. 1909 the lower Federal Court in the Government suit ordered the
dissolution of the company for violation of anti-trust laws, Re-argument
of appeal in U. S. Supreme Court set down for Nov. 14 1910.
V. 83, p.

1233, 1293; V. 89, p.,1416; V. 90, p. 1048, 1366.
A favorable decision was
rendered in March 1909 on re-trial of the Gov’t suit against the Standard
OU Co. of Indiana on the charge of rebating.
V. 88, p. 690.
DIVIDENDS.— ’97. ’98. ’99. '00. ’01. ’02. ’03. ’04. ’05-’09.
1910.
Percent
33
30
33
48
48
45
36 40 y ly. To June, 24
44
1909, March, 15%; June, 9%; Sept., 6%; Dec., 10%.
In 1910, Mch.,

15%; June, 9%.

EARNINGS.—For last statement (for 1906) see V. 88, p. 790.
OFFICERS.—Pres., J. D. Rockefeller; Vice-Presidents, J. D. Archbold,
J. A. Moffett, C. M. Pratt and William Rockefeller; Treas., A. C. Bedford’
Sec., Waiter Jennings. Office, 26 Broadway, New York.
DIRECTORS.—J. D. Rockefeller, William Rockefeller, H. M. Flagler,
J. D. Arch bold, H. M. Tllford, C. M. Pratt, O. H. Payne, H. C. Folger Jr.,
E. T. Bedford, C. W. Harkness, J. A. Moffett, A. C. Bedford, Walter Jen¬
nings and W. C. Teagle.— (V. 90, p. 632, 1048, 1243, 1366, 1494.)

1,200,000

do
do
Nov 1 1907 1% Office, Birmingham, Ala
do
Feb 1 1908 2%
do
&
J Jan 1 1917
71 Broadway, New York
&
O Jan 1 1917
do
do
&
J July 1 1951
do
do
&
J July 1 1910 3%
do
do
6 g
&
J July 1 1930
do
do
6 g
&
do
D Dec 1 1922
do
5 g
&
D Dec 1 1923
Hanover Nat Bank, N Y.
See textQ-M 31 See text
Checks mailed
4 in 1909
Q—J
July 15 ’10 1% Check from Co’s office
5 g
17 Battery Place, N Y
J
&
J July 1 1930
5 g
New York or St Louis
S Sept 1 1932
M &
5 g
New York
M & N May 1 1933
See text See text Jan 15 1910 lh Company’s Office, Bklyn
5 g
Corn Exchange Bk, N Y
M & N Nov 1 1920

July 1 1925

II
Is

are

STOCK.—Stockholders voted Nov. 18 1908 to Increase the stock from

$12,000,000 to $18,000,000 to provide for conversion of $6,000,000 deben¬
tures (all practically converted Mch. 1910), &c.
V. 88, p. 825, 831, 1442 ;
V. 89, p. 1144, 1286, 1416.
Stockholders voted May 28 1910 to increase
the authorized stock from $18,000,000 to $36,000,000, of which $2,000,000
has been sold, $9,000,000 was distributed June 30 1910 as a 50% stock
dividend; remainder reserved for future purposes.
V. 90, p. 1366, 1494,
1618.
Dlvs., 12% yearly Sept. 1903 to June 1910 (Q.-M- 31) and in Juns
1909 5% extra, and in June 1910 50% In stock.
Balance sheet Aug. 31 1909. V. 89, p. 1416.
Pres., J. S. Culllnan, Houston, Tex.; V.-P., Arnold Schlaet, N. Y
and
E. C. Lufkin, Houston; Treas., R. E. Brooks.
New York office, 17 Bat¬
tery Place—(V. 89, p. 1416; V. 90; p. 1366, 1494, 1618.)
TEXAS & PACIFIC COAL.—Owns 60,000 acres of coal lands in Texas.
Business consists of mining coal and manufacturing coke, brick, &c.
Stockholders voted April 20 1910 to Increase the authorized stock from
$2,500,000 to $3,500,000.
No announcement as to issue of new stock

sey




3,997,000
1,107,000
7,090.000
193,000
730,000
892,000
334,000
27,000,000
11,000,000
3,239,000
6,202,000
5,500,000
3,000,000

July 5 1910 3% Guaranty Trust Co, N Y

TENNESSEE COAL. IRON & RAILROAD COMPANY.—ORGANIZA¬
TION.—Owns steel rail mill, blast furnaces, coal mines, Iron mines, foun¬
dries, &c., in Tennessee and Alabama. V. 70, p. 558; V. 84, p. 1179.
In
July 1906 re-purchased Birmingham Southern RR., 26 miles. V. 83, p. 42;
V. 84, p. 1179.
In 1906 Tenn. Coal & Iron and Republic Iron & Steel cos.
jointly purchased about 1,800 acres of iron ore lands near Birmingham,
jointly guaranteeing $700,000 Potter Ore 5% bonds. V. 83, p. 1416, 973.
On Nov. 30 1899 the Alabama Steel & Shipbuilding Co. plant was opened
at Ensley City.
The plant has ten open-hearth furnaces of 50 tons eacn and
a capacity of 1,000 tons of steel billets and slabs dally, and is leased to the
Tenn. Coal Iron & RR. Co., which guarantees its $1,100,000 6% bonds
and $440,000 6% pref. stock, of which part in treasury.
V. 70, p. 591.
The common stock, all owned by Tenn. Coal, Iron & RR. Co., carries con¬
trol.
V. 66, p. 1002, 1235; V. 67, p. 127, 801; V. 70, p. 1196; V. 72, p. 584.
In Nov. 1907 the United States Steel Corp. acquired all but about $225,000 of $32,541,000 com. stock, giving $11,904 76 in bonds for $10,000 stock;
V.85, p.1212,1282: V. 86. p. 730. In Dec.’09 U. S. Steel Corp. had expended
$6,500,000 for imp’ts and appropriated $7,000,000 additional. V.89,p.1673.
DIVIDENDS.—On common in 1887, 1%; in 1900, 6%; 1902 to 1904,
none; May 1905 to Nov. 1907, both incl., 1% quar.; none since.
New
Stock 1906-08, V. 82, p. 284, 396; V. 83, p. 1294; V. 85, p. 923, 1406.
BONDS.—Of the $15,000,000 gen. gold 5s of 1901, $10,654,500 were re¬
served for existing bonds bearing6 and 7% Interest (of which $3,337,100 had
been issued in Feb. 1910), and the balance for improvements. V. 72, p.876,
940, 989; V. 73, p. 86, 554. 1117; V. 77, p. 93, 2162; V. 80, p. 169.
There
were also Nov. 1 1907 $826,386 purchase money obligations secured by
Birm. Southern RR. stock, and bills payable $1,634,312.
V. 86, p. 730.
REPORT.—Net profits for 1907, after $437,667 for deprec’n and extraor
replacements and $885,552 for net int. charge on bonds and floating debt
were $1,426,684.
See U. S. Steel Corp. report, V. 90, p. 777; V. 86, p. 730
DIRECTORS.—George G. Crawford (Pres.), Elbert H. Gary, W. E.
Corey, W. B. Dickson, W. J. Filbert, Richard Trimble, Thomas Murray,
Frank H. Crockard.
V.-P. and Gen. Mgr. is Frank H. Crockard; Sec. and
Treas., L. T. Beecher, Birmingham, Ala.; Asst. Sec., Thomas Murray, 71
Broadway, N. Y.—(V. 86, p. 672; V. 89, p. 1673; V. 90, p. 307.)
(THE)
TEXAS
COMPANY—ORGANIZATION.—Incorporated in
Texas April 7 1902 and is engaged In the transportation, refining and dis¬
tribution of petroleum and its products.
Owns about 750 miles of pipe
lines reaching Texas, Oklahoma and Louisiana oil fields, 3 refineries at Port
Arthur, Dallas and Port Neches, Tex. (near Beaumont), and one building
at Bayonne, N. J., tank steamers, barges, &c.
V. 88, p. 831; V. 86, p. 606.

year ending Aug. 31 1909, with balance sheet, in
1222, showed Income for year, $749,884; interest on bonds,
$159,433; div. on pref. stock (4%), $275,728; balance, surplus, for year,
$314,722; total surplus Aug. 31 1909, $2,626,399.
OFFICERS.—Pres., Brayton Ives, 1st V.-P., A P. Walker; 2d V.-P., W.
B. Sheardown; Sec. and Treas., J. A. Knox. Office, 49 Wall St., N. Y.—
(V. 85, p. 1082; V. 87. p. 815, 1086. 1092; V. 89, p. 781, 1071, 1222.)
.

SYRACUSE LIGHTING CO.—(V, 89, p. 167; V. 90, p. 508, 632, 918.)

Office 49 Wall St, N Y
O Apr 30 1910
Nov 1 1930
Metropolitan Tr Co, N Y
June 15 '10 9% 26 Broadway, New York
Dec 1 1912
Guaranty Trust Co, NY
J P Morgan & Co, N Y
July 1 1951
do
do
Feb 1 1952
do
do
July 1 1944
July 5 1910 1 'A New York and Chicago
N Bk of Rep; N Y & Chic
July 1 1914

guaranteed, but severally in different proportions, by the railways
Bonds for $11,000,000 are reserved for additions.
V. 71,
V. 75, p. 926.
OFFICERS.—Pres., Geo. F. Baer, Philadelphia, Pa.; V.-P. and Treas.,
A. F. Law. and Sec.. A. M. Bingham, Scranton, Pa.— (V. 78, p. 2015.)

REPORT.—Report for

SUNDAY CREEK CO.—ORGANIZATION.—Incorporated in New Jer¬
June 30 1905, acquiring Sunday Creek Coal Co. (acreage owned in Ohio,
16,300; leased, 250); also leasing properties allied to the Hocking Valley
Ry., viz.: Kanawha & Hocking Coal & Coke Co. and Continental Coal Co.
(owning together 59,500 acres in W. Va. and Ohio), for 39 years, assuming
all Interest charges for their first mtge. bonds, and the
Buckeye Coal &
Ry. and Ohio Land & Ry. (24,350 acres) for 25 years at rental of $100,000
yearly and royalty on coal mined.
Total acreage leased, 84,100; owned,
16,300. In June 1908 the Hocking Valley Ry. divested itself of ownership
of the company, the stock being transferred to the Central Trust
Co. of
New York, to be held in trust and re-conveyed if
commodity clause of
Hepburn law is finally held to be unconstitutional. V. 87, p. 815. In May
1909 the Hepburn law was held to be Constitutional, but construed
favor¬
ably to the railroads. In Apr. 1909 the Ohio lower State Court held alleged
oontrol by Hock. VaU. to be illegal.
V. 88, p. 1135. Application to list,
showing properties, Ac., in V. 83, p. 160^2: see also V. 84. p. 106.
Stock
authorized, $4,000,000; outstanding, $3,751,200; par. $100.
BONDS.—The collateral trust 5s of 1965 are secured by
deposit of cer¬
tificates of beneficial interest representing the entire $3,250,000Cont Coal
stock and $3,230,000 of the $3,250,000 Kan. & H. C. &
C. stock. $12 000
of the bonds being reserved to retire the
remaining $20,000 stock. A
sinking fund of $35,006 and interest on all bonds previously retired will be
used to draw bonds by lot at par July 1 yearly.
REPORT.—For year ending Mch. 31 1909, V. 89, p. 221, showed*
Net,
$610,675; int., sink, fund, imp’ts, &c., $773,618; bal., def., $162,942.
OFFICERS.—Pres., E. A. Cole; V.-P., S. C. Galley; Treas., Harry J
Reese.
Office, 44 East Broad St., Columbus. Ohio.—(V. 907p! 1618.)
SWIFT & CO.—ORGANIZATION.—Incorporated in Illinois Anril 1
1885.
Has packing plants at Union Stock Yards,
Chicago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph, South St. Paul and
Fart Worth.
V. 81, p. 1854.
STOCK.—Stockholders in 1906 purchased $15,000,000 new stock at Dar
and in 1909 $16,000,000.
V. 88, p. 105.
Dlvs. 1889 to 1894. incl
8%*
1895 to July 1898, incl., 6%; Oct. 1898 to July 1910, 7%. Bends, see
table
REPORT.in V.
$240,
dividends (7%), $4,025,000; bal., sur., $4,000,000.
Pres., Louis F. Swift*
V.-F.v Edward E. Swift; Treas., L. A. Carton; Sec., D. E. Hartwell.’
Office, Chicago—(V. 88, p. 629; V. 90. p. 114, 165.)

_

they

V. 89, p.

from wells owned by the Standard Oil Co. and its affiliated concerns.

&

3,272,000
5g (: i & N
98,338.300 40 in '09 Q —M
283,000
&
D
6g
J
5 g
2,822,000
&
J
J
2,046,000
5 g
&
A
F
3,695,000
5 g
&
J
J
60,000,000 7 In 1909
Q —J
5,000,000
5 g
&
J
J
6
2,500,000
J
&
J
636,000
4 g
&
J
J
32,528,657 4 In 1907 Q —F
124,500
8
Q—F

above named.
p. 1124, 1170;

1907 to Apr. ’08. Oct.’08&Apr.’09. Oct.’09. Ap.10.
3 yearly
1 H and H extra. 1)4% 1^%

was

text A

Places Where Interest and
Dividends are Payable

STOCK AND BONDS.—The certificates of beneficial Interest in the
stock were retired Dec. 31 1906 and the stock distributed among the various
oads.
Bonds are secured by stocks of properties owned and are subject
to call by sinking fund of 15 cents per ton on coal mined at 110 and Interest;

STOCK AND BONDS.—Stock, all outstanding, common, $4,600,000;
pref., 5% non-cum., $6,900,000.
Of the 1st 5s, $2,278,000 is reserved to
retire at par the $1,448,000 Hecker-Jones-Jewell 1st 6s and $630,000 North¬
western Consolidated Milling 1st 6s (see V. 70, p. 283).

STANDARD OIL CO.—ORGANIZATION.—This company

$6,900,000 See

LXXXXI

TEMPLE IRON CO.—ORGANIZATION.—Incorporated in 1873 in Penn¬
sylvania, and in Mch. 1899 purchased anthracite coal properties around
Scranton, Pa.
V. 69, p. 231.
Controlled by Del. Lack. & W., Cent. RR.
of N. J., Reading Co., Lehigh Valley, Erie and N. Y. Susq. & West., which
guarantee both stock and bonds.
V. 71, p. 1124, 1170; V. 78, p. 2015.

75, p. 1252; V. 68, p. 873, 929; V. 69, p. 29, 1010; V. 71, p. 817; V. 84,

was

and Maturity

1,000
1,000
1,000

697. Properties
takenV.over
May
1902.
S'.ones-Jewell
HeckerMilling Co.,
84, p.
V. 85, p. 923,of1082.
697,11752,
1372;Incorporation

pipe lines and 18 refineries of the several companies, it
In 1904

Last Dividend

Payable

100
100

Santes
mills
Minneapolis,
West Superior,
Milwaukee,
Buffalo,
yracuse
andIn
New
York; totalDuluth,
daily capacity,
of flour.
See
47,000 barrels

DIV’S— V04 to ’06.
On pref, %j 2 yearly

When

%

100
100

STANDARD MILLING CO.—ORGANIZATION.—Incorporated in New
Jersey on Oct. 31 1900 as successor of the U. S. Flour Milling Co., per plan
In V. 70, p. 284; V. 71, p. 185, and owns directly or through subsidiary comV.

Rate

100

*

Preferred stock 8% cumulative
Birmingham Ala Div con M g s f 1 % not drawn
Ce.c*
Tennessee Div bonds g s f 1 H% yearly not drawn—Ce.c*
Tennessee Coal, Iron & RR gen mtge g $15,000,000_Un.c*
Alabama Steel, & Shipbuilding preferred 6% cum guar
First mtge gold guar s f reg red 110 since Jan 1907. _Ma
Cahaba first mtge $1,100,000 g gu s f red at 110
Ce.c*
Potter Ore 1st M $700,000 g guar jointly (text) s f H share
Texas Co—Stock $36,000,000 authorized
Union Bag & Paper—Pref stock (as to assets & div) 7% cum
First mortgage $5,000,000 gold red 105 sinking fund.Ta.xc*
Union El L & P, St Louis—1st M g (other bds text)__MSt.c*
Ref & extM $50,000,000 g red 110 begMay’18_Ba&MSt.xc*

Amount

Outstanding

$100
1,000

1900

[VOL.

,

made in

July 1910.

DIVS.— ’06 to J’e ’08 Sep.’08

Dec.’08 Mch.’09 June ’09 Oct ’09

1910.

6 yearly
2 scrip
1H
1H
2 stock
2 To July, 4 H
Pres., Edgar L. Marston, 30 Broad St., N. Y.—(V. 90, p. 118.)

Percent.

TRENTON POTTERIES CO.—Stock, $3,000,000, of which $1,179,400
non-cum. and $70,600 cumulative 8% pref.; “Supplement” Apr.
Dividends on pref. from Apr. 1900 to July 1907, incl., 2% quarterly;

is 8%
1897.

1908, none; 1909, Oct. 25,1%; 1910, Jan. 25, 1%; April 25, 1%; July 25,1% .
In July 1902 $518,728 4% funding certificates (Int. payable J. & J. 10)
were issued to fund the 44% accumulated dividends on assenting pref., lat¬
ter being made 8% non-cum., per plan V. 74, p. 1256.
The certificates are
subject to call for a non-cumulative sinking fund of $25,000 yearly, begin¬
ning Jan. 1903, payable out of net profits, if any, over int. on certfs. and dir.
on pref.; to Jan. 1910 $107,158 were purchased and canceled.
Int. on
certs, paid to Jan 1910, incl.
V. 75, p. 81, 1208, 1258.—(V. 89, p. 1071.)
UNION BAG & PAPER CO. (THE).—ORGANIZATION.—Incorporated
in New Jersey on Feb. 27 1899 as a consolidation.
V. 68, p. 33, 430; V. 69,
p. 182; V. 71, p. 545; V. 82, p. 937; V. 84, p. 866; V. 86, p. 977; V. 88,

1066; rights of stock, &c., V. 68, p. 675.
STOCK.—Com., $16,000,000; par, $100. Preferred, see table above.
DIVIDENDS.—On pref., July ’99 to July *06, 7% per an. (1 H% quar.);
Oct. 1906 to July 1910, 1% quar.
V. 83, p. 564, 1175.
BONDS.—As to bonds of 1905 ($5,000,000 auth.), see V. 80, p. 2402;
V. 81, p. 269, 564; V. 87, p. 1667; V. 88, p. 1201.
Bonds numbered from
3,600 upward are tax-free in New York in owners’ hands.
V. 91, p 99.
Other bonds assumed, $250,000; obligations for purchase of properties
$543,333.
REPORT.—Year ending Jan. 31 1910, with bal. sheet, was in V. 90, p.
912, showing: net earns., $1,055,400; int. on bonds & notes, $204,611; div.
on pref. (4%), $440,000; sink.fund, deprec., &c., $257,530; bal., $153,258.
OFFICERS.—‘Chairman of Board, L. G. Fisher; Pres., Edgar G. Barratt;
V.-Ps., J. A. Kimberly Jr., C. T. Elliott; Treas., E. S. Coleman; Sec., C. R.
McMillen.
Office, 17 Battery Place. N. Y.—(V. 91, p. 99.)
p.

.

July, 1910.]

INDUSTRIAL STOCKS AND BONDS

MISCELLANEOUS COMPANIES

[For abbreviations, &c., see notes on first page]

Date
Bonds

Union Steel—First & coll mtge *45,000,000 ggus f__N.c*&r 1902
Union Stock Yards of Omaha—Stock *7,500 000
Union Switch & Signal—Common stock $2,000,000 auth
Preferred stock (see text)
First cons M ($29,000 due 1911, $28,000 In 1912)
1898
Union Typewriter—Common stock
First 7% preferred stock cumulative
Second preferred stock 8% cumulative $6,000,000 auth...
United Bank Note Corporation—Common stock $5,000,000..
Preferred 6% cumulative $5,000,000 (also as to assets)
United Box Board—Stock $15,000,000 authorized
Gen mtge $2,750,000 g red par s f $50,000 yearly._Ta.c* 1906
Collateral trust bonds $1,750,000 redeem at par
Ta.c* 1906
United Cigar Manufacturers—Common stock $15,000,000...
Preferred stock (also assets) 7% cumulative $5,000,000.._
United Copper—Common stock $75,000,000 authorized
Stock 6% g cum pr (offer V 84, p 343) can be called at 125
United Dry Goods Cos—Common stock $35,000,000 auth
Pref stock (also as to assets) 7% cum $16,000,000 auth...
United Fruit—Stock $25,000,000 authorized
Serial debs (for Nipe Bay Co) gold redeem 103 after 1910.. 1907
Debentures gold $425,000 due yearly begin 1914._.xc*&r* 1909
Nor Ry of Costa Rica 1st M g red 105 s f & lnt guar__OB.c* 1900
United uas Improvement Co (The)—Stock $55,520,700
United Shoe Machinery Corp—Common stock $35,000,000..
Preferred stock 6% cumulative $15,000,000

a

UNION DEPOT CO. OF COLUMBUS, O—The P. C. C. & St. L.
haif Interest In this property.—(V. 63, p. 117; V. 64, p. 804.)

Par
Value

50

1,000
100
100
100
50
50
100
250 &c
100 &c
100
100
100
100
100
100
500 &C
500 &c

1,000
50
25
25

owns

STOCK.—Total auth. Issue $18,000,000; outstanding last accounts, $9,885,000 (par $100); $171,325 Is reserved for exchange for outstanding
Missouri-Edison Electric stock and $3,000,000 was pledged to secure the
3-year notes due 1909.
V. 85, p. 1007, 1466.
In Dec. 1909 6% dividends
were being paid.
V. 86, p. 1163.
BONDS.—In 1908 filed a refunding and extension mtge.for $50,000,000.
Of the bonds, $5,500,000 have been sold, $10,000,000 are reserved
to
retire underlying bonds and the remaining $34,500,000 are Issuable for not
over 85% of cost of extensions and Improvements, on condition that
the
net earnings shall have been 50% In excess of Interest on
bonds, lncl. those
proposed to be issued.
V. 86, p. 232, 1163: V. 87, p. 1425, 1537.
EARNINGS.—Report for year ending Dec. 31 1909, with bal. sheet. In
V. 90, p. 301,370, showed: Gross, $3,085,614; net, after taxes,
rentals, &c.,
$1,582,580; lnt. on bonds, &c., $834,204; dlvs. (6%), $593,100; bal., sur.,
$155,276.
Calendar year 1908, gross, $3,013,297; 1907, $2,855,417.
OFFICERS.—Pres., Charles W. Wetmore; V.-P., Julius S. Walsh and
Breckinridge Jones; V.-P. and Gen. Mgr., Alten S. Miller; Sec. and Treas.,
H. Spoehrer.
New York office, 30 Broad St.—(V. 90. p. 378.)
UNION FERRY.—Operates five ferry lines between N. Y. and Brooklyn,
19 ferryboats, real estate, &c.
Fares increased, V. 87, p. 1537.
In Feb. 1909 $700,000 bonds had been
purchased and canceled, reducing
the outstanding amount to $1,500,000 and In Jan. 1910
$300,000 was ac¬
quired.
V. 88, p. 569; V. 90, p. 114.
DIVIDENDS —
1 1898.
1899.
1900 to Jan.'08.
1909.
1910.
Percent
f
3H •
3
2 y arly.
3
’Jan.l^
Pres., J. D. Fairchild; Sec. & Treas.. Benj. J. Downer.—(V. 90, p 114.)
UNION STEEL CO.—The United States Steel Corporation, which took
possession as of Jan. 1 1903, owns the entire $20,000,000 stock, guaranteeing
$45,000,000 of 5% bonds.
See V. 75, p. 1359, 1150; V. 74, p. 100.
Plants at Donora and Sharon, Pa., with dally capacity as follows: 5 blast
furnaces, 2,500 tons; 24 open-hearth furnaces, 2,400 tons; 4 blooming, slab¬
bing and sheet bar mills; 4 rod mills, 800 tons; 2 wire and nail mills, 7,000
kegs; 1 plate mill, 400 tons; 1 tin-plate plant, 3,600 boxes; 2 sheet plants,
1 by-product coke plant (212 ovens), 1,000 tons.
Coking coal property In lower Connellsvllle district, 4,740 acresof coal and
810 acres of surface.
Steam coal property on Monongahela River, 1,524
acres of

coal and 179 acres of surface.
Two modern steel ore steamers.
The Sharon and Penobscot mines (In fee) and Donora and
Sweeny mines
(leases), on the Mesaba range, estimated to contain 40,000,000 tons of ore.

BONDS.—The

1st and coll. 5s of 1902 ($45,000,000 authorized Issue,
guaranteed principal and Interest by the U. S. Steel Corp., and are
secured by all the property of the company.
Including the Sharon Steel stock
acquired. They are subject to call since Dec. 1 1907 at 110 and Interest.
Of the bonds, $42,087,000 have been Issued, of which $6,848,000 were
held
alive In sinking fund on Jan. 1 1910, $1,493,000 are to be used to retire un¬
derlying bonds and balance Is reserved for future purposes. An annual
sinking fund payment of 2% of the amount of bonds outstanding. V. 75,
p. 1150; V. 76, p. 107, 546.
Guaranty, V. 76, p. 709.
Underlying bonds—
Date,
Interest.
Outstanding.
Maturity.
Sharon Steel 1st M. g. sinking
1900
5 g A & O
$458,000 Oct. 1 1940
fund
f
Subject to call at par after Oct. 1 1910.
Sharon Steel Mtge. (1st on
1901
5 g J & D
" 493,000 June 1 1941
tube mill, 2d on other prop¬
Subject to call at 105 to June 1 1911; there¬
erty)
after at par.
Sharon Coke first mortgage.
1901
5 g J & D
542,000 Dec. 2 1931
Subject to call since 1906.
(V. 76, p. 107, 334, 545, 70&; V. 78. p. 1171, 1227; V. 83, p. 912.)
UNION STOCK YARDS OF OMAHA—ORGANIZATION.—Incorpor¬
ated in Nebraska In Dec. 1887.
Owns about 200 acres of land at South
Omaha, covered with buildings, &c., to carry on business and other real
estate.
In May 1903 It was voted to increase the stock from
$6,000,000 to
$7,500,000, the new stock being distributed. It was understood, as a 25%
stock dividend.
V. 76, p. 927; V. 83, p. 162.
Cash dividends are paid, 6%
yearly (Q.-M.). There are no bonds. Report for year ending Nov. 30
1909 In V. 90, p. 370, showed:
Gross, $854,983; net, $569,287; deprec’n,
$100,000; dlvs. (6%), $449,766; bal., sur., for year, $19,521. Surplus
Nov. 30 1909, $332,172.
Pres., R. J. Dunham; Sec. and Treas., J. C.
Sharp. Directors, Jan. 1908, V. 85, p. 1649. Office, South Omaha, Neb.
—(V. 87, p. 284: V. 90, p. 370.)
UNION SWITCH & SIGNAL CO.—ORGANIZATION.—Incorp.
in Pa
to 1882.
Plant at Swissvale Pa.
V. 68, p. 471; V. 67, p. 738.
STOCK.—Pref. is entitled to 6% ahead of common, then H% for every
1% on com. until 12% is reached; then both share alike. V. 84, p. 453.
DIVS. (since'98)— '99. ’00. ’01. ’02. ’03. ’04-’06. ’07. ’08.
09. 1910.
On preferred
%
6
8
9
7H
8
10 y’ly 12
12 12 ToJly.,9
On common
%
0
3
4
4
6
8 y’ly 12
12 ToJly.,9
12
REPORT.—Report for cal. year 1909, In V. 90, p. 624, showed: Gross,
$2,625,133; surp. over lnt., $325,983; dlvs. on com. (12%), $240,000; dlv
on pref. (12%), $59,712.
In 1908. gross, $2,123,543; In 1907, $5,023,599.
Pres., George Westinghouse; Sec. and Treas., James Johnson.
Office,
Swissvale, Pa.—(V. 88, p. 509, 561; V. 90, p. 506, 624. 1618.)
.UNION TYPEWRITER.—Organized In 1893 in N. J.: re-Incorporated
to New York In May 1909.
V. 88, p. 752, 1377; V. 89, p. 925.
A comblnattoh including Wyckoff, Seamans & Benedict
(Remington), Yost Writing
Machine, American Writing Machine (Caligraph), Monarch, Smith Premier
and Densmore Typewriter cos. V.
79, p. 1481. Decision, V. 84, p. 630.




_

s

Rate

When

%

Payable

5 g
$l,000&c $35,239,000
100
7,496,100 6 in 1909
50
2,000,000 12 In '09

UNION ELECTRIC LIGHT & POWER CO., ST. LOUIS.—ORGANIZA¬
TION.—Incorp. In Mo. in June 1902 as a consolidation; In Sept. 1903 the
Missouri Edison Electric Co. was absorbed.
V. 77, p. 40, 774.
Does prac¬
tically all of the electric-lighting business of St. Louis. Has a 10-year con¬
tract with St. Louis Transit Co. to
supply about 12,000 horse-power and
contract to supply public city electric lighting till Sept. 1 1910.
North
American Co. owns practically all of the outstanding stock.
V. 80, p. 1000.
In Dec. 1907 Laclede Power Co. was purchased. V.85, p. 1522; V.
86, p. 290.
Statement showing properties, &c., see V. 86, p. 1046; also V. 83,
p. 269.
Securities—
Date.
Interest.
Outstand’g.
Maturity.
Imp. L. H. & P. 1st M 5.^cash dep. to redeem these>$123,000 Apr 1 1930
Mo. El. Lt. & Power 1st M
1891
6 Q.-F.
600,000 May 11921
Mo. Ed. 1st cons. M., $3,-1 1897 5 g. F.&A.
3,198,000 Aug 1 1927
198,000, gold
c*J
lnt. In St. Louis or New York.
U. E. L. & P. 1st M. ($10,000,000 authorized Issue), see table above.
Ref. & ext. M. ($50,000,000 authorized Issue), see table above.

are

Amount

Outstanding

New York Trust Co, N Y

H%

July 9’10 3%

Checks mailed

July 9 '10 3%
July 1911-1913

Fidelity Tit & Tr Co,Pitt

do

1 1907 3% Check from Co's Office
do
do
Apr 1 *10 3H%
do
do
Apr 1 ’10 4%
May 16'10 1%
July 1 '10 1H%

Q—J

J
&
J Jan 1 1926
Trust Co of America, N Y
J & J 15 Jan 15 1926
See text Aug 1 '10 1M% Check from Co’s Office
Q—M June 1 '10 1 H%
do
do
Q—J
Aug 6'07 1H% 42 Broadway, New York
M & N May 15'07 3%
do
do

Q—F
text
Q—J
J 15
23,474,000 See text
&
5 g
1,280,000
D
&
J
4,250,000
4M g J
M
&
S
788,000
5g
8
55,520,700
Q—J 15
27,099,325 See text
Q—J
9,502,350 6 In 1909
Q—J

?

DIVS.—

Places Where Interest and
Dividends are Payable

Oct

10.849.100 See

1st pref
-%
2d pref
-%
Com stock. -%J

Last Dividend
and Maturity

Dec 1 1952
June 1’ 10 1

497,600 12 In ’09
5 %
74,000
10,000,000 See text
4,000,000 7 in 1909
5,000,000 8 In 1909
4.496.737 4 In 1909
4.496.737 6 In 1909

14,000,000
6 g
1,522,000
6 g
1,179,990
15,000,000
Q—F
5,000,000 7 in 1909
45,000,000 See text
5,000,000
14.427.100 See text

159

Checks mailed
Aug 1 '10 2%
June 1 *10 1*4%
do

July 15 '10

2% Company’s office, Boston

June 1 1911-18

do

do

Boston and London
July 1 1923
Old Colony Tr Co, Boston
Sept 1 1915
July 15 '10 2% Philadelphia Office
See text

July5 '10 1H%

Check from
do

'95. '96. ’97. ’98. ’99. ’00. ’01. *02-’07. •08
7
6

7
6

7
8

7
8

7
8

7
16

7
16

7
8
6

y’ly
y’ly
y’ly

7
8
0

Co’s

office

do

*09.
7
8
0

1910.
Apr, 3 H

Apr., 4

REPORT for year ending Dec. 31 1909, with balance sheet, In V. 90, p.
768, showed profits, $1,253,653; dlv. on 1st pref. (7%), $280,000; dlv. on
2d pref. (8%), lncl. $600,000 held In treasury as Investment, $448,000;
bal., $525,653; reserved for contingencies, $400,000; bal., sur., $125,653.
Pres., Clarence W. Seamans; Sec., Geo. K. Gllluly, 280 B’way, N. Y
Office, Jersey City, N. J.—(V. 89, p. 925; V. 90, p. 768, 855.)

UNITED BANK NOTE CORPORATION.—ORGANIZATION.—Incor¬
porated in N. Y. Feb. 20 1906 and acquired, per plan V. 81, p. 1851, 1794,
practically all of the stock of the American Bank Note Co.
STOCK.—Stock outstanding, $4,496,737 each of common and
stockholders having In 1909 subscribed at par for $500,000 each ofpreferred,
common
and preferred, payable In Installments to October 1909, the
proceeds to be
used to build the new plant In Bronx Borough, New York.
V. 87, p. 1609;
V. 88, p. 105.
No lien shall be created or additional stock Issued without
the assent of 80% of each class of stock.
DIVIDENDS on pref. stock, 1H% quar., paid July 1906 to July 1910,
incl.; on com., Aug. 1906 to May 1910, both lncl., 1% quar.

REPORT.—Report for cal.

year

1909, In V. 90, p. 622, showed: Net

?roflts, $706,134; appropriations, &c., $158,000; dlv.

pref. stock (6%),

247,288; dlv. on com. stock (4%), $164,825; dlv. on on
stock of old co. out¬
standing, $1,048; bal., surp., $134,973. Office. 70-72 Broad St., N. Y.—
(V. 90. p. 622.)

UNITED BOX BOARD CO.—ORGANIZATION.—Incorporated in New
Jersey on Oct. 27 1908.
Successor March 1909 of United Box Board &
Paper Co., purchased per plan V. 87, p. 1163; V. 88, p. 298, 509.
PROPERTY.—The company owns (1) In fee, and (2) through ownership
of 90% of the $6,000,000 capital stock of the American Straw Board Co.,
(1) Plants Owned in Fee.—Muncle, Ind.; Peoria, Ill.; Brenton Falls, Me.;
Rockport, Ind.; Thomson and Lockport, N. Y.; Mt. Carmel, Ill.; Urbana,
O.; Waldron, Ill.; Whlppany, N. J.; Eaton, Ind.; Fairfield, Me.; Yorktown, Ind.; Wabash, Ind.
(2) Plants of American Strawboard Co.—Anderson, Ind.; Kokomo,
Ind.j
Clrclevllle, O.; Lima, O.; Tippecanoe, O.; Lockport, Ill.; Wilmington, Ill.*
Noblesvllle, Ind.; Chestertown, Md.; Dayton, O.: Piqua, O.; Tiffin. O.*
Quincy. Ill.; Winchester, Va.; Norwich. Conn.
Also owns the entire capital stock of the Benton & Fairfield Ralway Co.
and the controlling Interest in the National News Board Co., a N. J. cor¬
poration owning certain patents which cover the manufacture of box board.
BONDS.—The outstanding funded debt Mch. 26 1910 was;
Underlying liens due (average) 1917
$863,000
General mortgage 6% bonds, due 1926__
1,522,000
Collateral trust bonds, due 1926, secured by 10,259 shares of
American Strawboard stock (V. 84, p. 106).
1,179,990
The underlying liens on 14 plants (see list, V. 75, p. 1308), viz.:
Traders’ Paper Co., N. Y., 6s, $200,000, due by Nov. 1919;
Thompson
Pulp & Paper Co., N. Y., 6s, $200,000; Somerset & Kennebec Co., Me.;
$283,000; Wabash Paper Co., Indiana, $200,000; Peoria Strawb. Co., Ill.,
6s, $100,000, &c.
Amer. Strawboard Co. (V. 86, p. 477) has out $200,000 1st gold 6s, due
Feb. 1 1911, lnt. paid F. & A. at International Trust Co.,
Boston; It also
assumed $50,000 Uncas Paper Co. bonds on purchase of that
company.
o

V. 84, p. 107; V. 83, p. 1541.

REPORT.—For year end. March 26 1910, In V. 90, p. 1294, showed
earnings, $393,895; net after repairs, $115,857; earns, subsld. cos.,
$33,089; lnt., $168,526; bal., def., $19,580.
DIRECTORS.—Sidney Mitchell (Pres.), Hyatt Cox (V.-P. and Treas.),
Chas. C. Adsit (V.-P.), W. C. Staley (Sec.), Luther W. Bodman, Geo. J.
Marott, A. Albert Sack, Jos. E. Otis, J. M. Hopkins, Geo. H. Webster,
E. C. Bodman, W. H. Binnlan, Frederick Davenport and Lazard Kahn.
N. Y. office, 200 Fifth Ave.—(V. 90, p. 241, 307, 378, 451, 506, 1294.)
gross

UNITED CIGAR MANUFACTURERS
corporated In New York April 28 1906.

CO.—ORGANIZATION.—In¬
Mfrs.

Successor United Cigar

Owns entire stock of Stratton & Storm Co. and Lichtenstein Bros. Co. of
New York and $236,000 of $400,000 stock of Geo. L. Storm & Co.
Lehman
Bros, and Goldman, Sachs & Co. offered the
pref. stock. V. 84, p. 802.

STOCK.—Common stock, $15,000,000 (par $100); preferred, see table
above.
Pref. stock cannot be Increased or mtge. other than purchasemoney mtge. created without consent of three-fourths of pref. stock.
Pref.
shall have no voting power except, while default for at least two
quarterly
dividends continues.
A very large portion of the stock, but not a majority,
was In Jan. 1910 placed In a
5-years’ voting trust.
V. 90, p. 171.
DIVIDENDS.—On pref., 1 M%> quar., paid Sept. 1906 to June 1910,
lncl.
On com.: 1909, 5% (incl. 1% extra); 1910, Feb., 1
May, 1H%;

Aug., 1H%.

EARNINGS.—Report for year ending Dec. 31 1909, In V. 90, p. 369,
Gross earnings, $2,820,977;
profits, $1,603,323; other Income,
$179,441; lnt. on loans and deposits, $75,267; dlv. on pref. stock (7%),
$350,000; dlv. on com. stock (5%), $750,000; net profits, $607,497.
OFFICERS.—Pres., Jacob Werthelm; Treas., Fred. Hlrschhorn.
Of¬
fice, 1018 and 1020 Seeond Ave., N. Y.—(V. 90, p. 171, 369.)
UNITED DRY GOODS COMPANIES.—ORGANIZATION.—Incorpor¬
ated In Delaware May 21 1909 and acquired control of the Associated
Merchants’ Co., which owns $4,500,100 of the $9,000,000 stock of the H. B.
Clafltn Co., the business of James McCreery & Co. (23d and 34th Sts.),
Stewart & Co. of Baltimore (formerly Posner Bros.) ,2,000 shares ($200,000)
of the $250,000 common stock of C. G. Gunther's Sons (furs). New York
(V. 90, p. 773); J. N. Adam & Co. of Buffalo, New York, and $2,400,000 of the $3,000,000 debenture bonds, $2,000,000 of the $3,000,000
showed:

Income bonds and 800 ef the 1,000 shares of stock of the O'Nelll-Adams Co.
(a consolidation of H. O'Neill & Co. and Adams Dry Goods Co.); also

purchased outright the stores of Hahne & Co. of Newark, N. J.; N. J.Powers
Mercantile Co of Minneapolis, the William Hengerer Co. of Buffalo, N. Y.,
and Stewart Dry Goods Co., Louisville.
In June 1910 acquired control of
Lord & Taylor Co., V. 91, p. 42.
^
STOCK.—Of the stock, $10,000,000 each of com. and pref. was Issued at
.

,

the remaining $25,000,000 com. and $6,000,000 pref. stock being issu¬
able for cash at not less than par and 120 respectively (except $1,000,000
pf. which in Mch.'10 had been subscribed for by employees of the companies
once,

Par
Value

Date
Bonds

MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]

U S Cast Iron Pipe & Foundry Co—Com stk $15,000,000 auth
Preferred stock 7% non-cumulative
American Pipe & Foundry first mtge $1,500,000 sink fund
United States envelope—Common stock $1,000,000
—
Preferred stock 7% cumulative $4,000,000
First M $2,500,000 £ part due yrly red 104 beg Dec’lO.OB.c*
Debentures gold part due yearly red at 101 (V 74, p 385) __
United States Express—Stock
United States Leather—See Central Leather Co
United States Motor—Common stock $15,000,000
Preferred 7% cumulative $15,000,000 authorized..
U S Realty & Improvement—Stock $30,000,000 auth—...N
Debentures $13,506,000 g conv to July 1 1008 red 105. N.c*
U S Reduction & Refining Co—Common stock $6,000,000..
Preferred (also as to assets) 6% non-cumulatlve $4,000,000
First mortgage gold red 110 sinking fund (see text)...N.c*
United States Rubber—Common ($25,000,000 authorized)..
First preferred ($40,000,000 authorized) 8% non-cum
Second preferred ($10,000,000 authorized) 6% non-cum..
Coll trust sink fund mtge $20,000,000 gold red l05_.Ce.cAr
General Rubber deben $9,000,000 guar p 6b 1 red 105
U S Smelting, Refining & Mining—-Common stock$37,500,000
Preferred stock 7% cumulative $37,500,000
United States Steel Corporation—Common stock$550,000,000
Preferred stock 7% cumulative $400,000,000
Coll trust mtgeJredeemable at 115 s f (see text).._Us.c* &r
$304,000,0001 not redeemable s f (see text)
c* &r
“Sink fund" coll tr 2d M $250,000,000 g red (text).Us.c* Ar

1898
100
100
1908

1902—4

1,000

1904

100
100

1,000
100
100
100

1908
1905

1,000 Ac
1,000 Ac
50
50

100
100

1901
1901
1903

l,000Acl
1,000 Ac]

On

86, p. 1474; V. 87, p. 101,170; V. 89. p. 1000.
DIVIDENDS.— 1 Oct. 1899.
1900.
1901. 1902 to Jan.’07.
Since
Per cent
j
2X
2 quar.
10
8
7 yearly
Also 10% extra paid Aug. 1 1908 and 10% Nov. 15 1909, see above.
DEBENTURES.—The 4X% gold debentures dated Jan. 1 1909 ($4,-.
250,000 total Issue) have an annual sinking fund payable July 1 from 1914
to 1922 Inclusive, which will retire one-tenth of tne Issue yeany, the bonds
to be called therefor at 101 If not purchased at a lower price.
They are to
be secured by any new mtge. plaoed on the property.
V. 87. p. 1609,1538.
same.

REPORT.—Report for year ending Sept. 30 1909, V. 89, p. 1342, 1354.

Other
Int. on
Dividends
Balance,
Income. Bonds, Ac.
on Stock.
Surplus.
$516,817
$220,771
• (8) $1,707,042 $2,460,837
94,746
*(8)1,584.484
2,361,861
317,579
*
Also 10% extra from accum. surplus Aug. 1908 and 10% Nov. 15 1909.
DIRECTORS.—Andrew W. Preston (Pres.), Minor C. Keith (V.-P.),
Charles A. Hubbard (Treas.), Bradley W. Palmer (Sec.), John S. Bartlett,
Net

Earnings.
1908-09...$3,871,833
1907-08... 3,723,511

Reginald Foster, Francis R. Hart. K. K. McLaren, Wm. S. Spaulding,
General offices, 131 State
St.. Boston. Mass.—(V. 89. p. 1000, 1342, 1354, 1355; V. 91. .p 42.)

James J. Stoirow and Henry O. Underwood.

(THE) UNITED GAS IMPROVEMENT CO.—Organized 1882 In Pa.; re¬
organized In 1885. Charter Is perpetual and business Is the building, leas¬
ing and operating of gas works (see list in 1900, V. 70, p. 1000, 944). See
list and capitalization of operating companies In V. 79, p. 498, and editorial
f>. 478; V. 79, p. 2090; V. 80, p72342;V. 81, p. 977, 1727; V. 82, .p 1160,
1444; V. 83. p.

42, 499, 1123,1360,1541; V. 84, p. 107,164,395. 936.1112:
1253,1304,1373; V.85,p.44; V. 89, p. 1000; V. 90, p. 1682; V.91,p.219.
STOCK.—Increased in 1906 from $36,725,000 to $45,900,250 and In 1909
to $50,473,350, all subscribed for at par.
The shareholders voted Feb. 9
1910 to Increase the stock to $55,520,700 to provide fora 10% stock divi¬
dend. See below. V. 89, p. 1600; V. 82, p. 1105; V. 88, p. 1201.
DIVIDENDS.—Since 1888 8% per annum, payable quarterly.
In Jan.
1896 paid extra 15% In convertible scrip: also 10% extra March 1 1910 In
•crip convertible Into stock to June 30 1910. V. 89, p. 1600, 1546.
REPORT for 1909, In V. 90, p. 1236, showed: Netproflts, $6,656,109;
dlvs. (8%). $3,790,371; sink, funds to retire Phlla JGas Works Invest., $692,500; bal., sur., $2,173,237.
Phlla. gas lease. V. 84, p. 1304; V. 85. p. 44.
DIRECTORS.—C. A. Griscom, Samuel T. Bodine, Rudulph Ellis, Randal
Morgan, William Wood and Morris L. Ciothier. Pres., Thomas Dolan:
V.-P. and Gen. Mgr., Samuel T. Bodine; 2d V.-P. and Gen. Counsel, Randal
Morgan; 3d V.-P., Walton Clark; 4th V.-P. and Treas.. Lewis LUlle: Sec.,
W. F. Douthlrt, Broad and Arch Sts., Philadelphia.—(V. 91, p. 219.)

UNITED SHOE MACHINERY CORPORATION.—ORGANIZATION.—

of the company of the same

plan, V. 80, p. 1862.

V. 75. p Ji51; V. 77. p.

Properties, V. 68. p. 333,430; V. 74, p. 430;
255; V. 80. p. 1486. Suit, V. 91. p. 158.
¥

STOCK.—The pref. Is entitled In the event of dissolution to $35 per $25
share and all accrued dividends In preference to the common stock.
DIVIDENDS.—On new stock, 1X% on pref. and 2% on com. paid
quarterly Oct. 1905 to July 1910, both lncl., and In April 1909 2% and July
1910 4% extra on common; also, In July 1907, on com., 25% In stock, and
In April 1909 and July 1910 10% each.
EARNINGS.—Report for year ending March 1 1910, In V. 90, p. 1611,
showed: Earnings for year and Increase In value of stock of other cos.,

$5,640,468; dlvs., $2,941,445; bal., sur., $2,699,023. Earnings of United
Shoe Mach. Co. were $5,640,522; dlvs. paid, $3,013,388.
DIRECTORS.—Sidney W. Winslow (Pres.), Geo. W. Brown (V.-P.),
Frank L. Babbott, William Barbour (V.-P.), Louis A. Coolldge (Treas.),
Edmund Le B. Gardner, J. H. Hanan, E. P. Howe, E. P. Hurd (V.-P.).
G. E. Keith. J. C. KIIham, R. Matz, Robert Treat Paine 2d, W. F. Robin¬
son (V.-P.) ,'Chas. G. Rice, A. R. Turner, Samuel Well, Charles H. Willson,
Frank Wood, William Woodward.
Sec. Is Louis H. Baker of Boston. Al¬
bany Bldg., Boston, Mass.—(V. 91, p. 158.)
UNITED STATES CAST IRON PIPE & FOUNDRY CO.—ORGANIZA¬
TION.—Incorp. in N. J. March 13 1899, V. 81, p. 233; V. 69, p. 757; V. 71.
p. 1124,
Properties, rights of stock, Ac., V. 85. p. 157, 1522.
DIVS.— )
1899. ’00. ’01. ’02-’03. *04. ’05. ’06. ’07. ’08. ’09. 1910.
On pref-%}Dec,l M 3H
0 4 yearly 4X 8 7
7 3X5XToJne,3X
On com.%)
0144 None. None. —
0
00
0
On pref. in 1909, July 2, 1 X% out of reserve for additional working

capital (delayed by suit from Sept. 1908); Sept., 1 H: Dec., l H.

REPORT.—Report for the year ending May 31 1910, with balance sheet,
1674, showed: Total income, $704,292; int. on bonds, $90,000;

in V. 90, p.




Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

MAS
J
A
D
F
A
A
MAN

Sep 1 ’10 3X% Old Colony Trust Co, Bos
do
do
Dec 1 1910-1934
Feb 1911-1912

May 16 *10

do

do

3% Office, 2 Rector St, N Y

10,500,000
10,250,000 See text.
AuglO’10,1 H%
Q—F
16.162,800 See text
Aug 1 1910 1H Checks mailed
Q—F
Office 111 Broadway.N
A
J
J July 1 1924
12.000,000
58
5.918.800 See text
July 1903
1% Checks mailed
Q—J
do
Oct 1 ’07 1X%
3.945.800 See text
Q—J
Baruch Brothers, N
J
A
J July 1 1931
1,655,000
25,000.000 2 in 1900
Apr 30 ’00 1% Office 42 Broadway, N
do
do
39,824.400 8 in 1909
July 30 *10 2%
do
do
9.965,000 6 in 1909
July 30 *10 IX
Central
Trust
Co.
N
J
A D Dec 1 1918
16.824.000
First National Bank, N
A
J
J July 1 1915
6.000.000
Checks
mailed
17.549.350 4 fin 1909
July 15 *10 1%
do
24,300.012 7 in 1909
July 15 ’10 1 H
508.302.500 See text Q—M Sep 29 ’10 IX Office Empire Bldg. N
do
do
360,281.100 7 in 1909
Aug 30 ’10 IX
Quar
J P Morgan A Co, N
Various Apr 1 1951
5
g
do
do
do
278,110.000 1
Apr 1 1951
8 g
do
do
5 g
MAN Apr 1 1963
192.150.500

8=3

Sfi

j

500 Ac

A cash
10% was raising
in amount
applicable to
to
?ar,
23,474,000.
andV.in Oct.
1909div.
for of$2,134,000,
declaredthe
each case
outstanding

as successor

„

100
100
100

UNITED ELECTRIC CO. OF NEW JERSEY.—See "Electrlo Ry." Seo.
UNITED EL. L. A POWER CO.. N. Y.—See Consolidated Gas.
UNITED FRUIT CO.—ORGANIZATION.—Incorporated In N. J. on
March 30 1899 to cany on tropical fruit business.
Official statement, V. 69, p. 854.
Properties owned, see reports V. 71.
p. 1011. 1020; V. 73, p. 1060, and V. 77, p. 2096; V. 79, p. 2475; V. 85.
Northern Ry. of Costa
p. 1281; V. 74, p. 1095; V. 75, p. 621; V. 89, p. 1354.
Rica, 347 miles, see V. 71, p 1067; V. 75, p. 851; V.80,p.223; V.81, p. 614.
In June 1907 the outstanding $3,500,000 Nipe Bay common stock was
acquired, per plan V. 84, p. 1057; first dividend, 4%, payable Sept. 15 1910.
V. 91. p. 41.
The Nlpe Bay Company has outstanding $2,000,000
preferred stock and $3,500,000 of first mortgage 5-year 6% gold coupon
notes, due June 1 1914, and $1,600,000 6% 10-yr. debentures due June 1
1917.
(Report for year 1908-09, V. 89, p. 1480.)
V. 88, p 454 , 569;
V. 82. p. 1382; V. 81. p. 215.1378.
Of deb. 6s of 1907, ($4,000,000 auth.).
32,400,000 reserved for future requirements.
STOCK.—Stockholders In 1908 subscribed for $1,940,000 new stock at

per

Payable

750.000

100

DIVIDENDS.—On pref.. Sept. 1 1909 to June 1910, 1X% quar.
stock Nov. 1 1909 to Aug. 1910, 2% quar. (8% yearly).
REPORT for 7 X mos. ending Jan. 15 1910 was In V. 90, p. 694.
Pres., John Clafiln, 224 Church St.. N. Y.—(V. 91, p. 42. 158.)

„

When

%

3,750,000 See text
5 g
2,000,000
61,000
6*
10,000,000 See text

1,000
1,000

•common

Incorporated In N. J. on May 2 1905

Bate

text
Q—M Dec 1 1907 1% Office, 71 Broadway.N Y
do
do
12,106,300 See text
Quar June 1 ’10 1X%
6
J
A
J July 1 1928
Chattanooga. Tennessee
910,896

100

at par. of which $849,100 paid in full) or In exchange for Associated Mer¬
chants’ Co. stock on equitable terms.
Of the com. stock, $1,350,000 was
sold at par, $9,813,100 had been Issued to July 1910 In exchange for Assoc.
Merchants’ stock, $ for $, additional stock being Issuable on the same basis,
and $3,264,000 was subscribed by stockholders at par, payable on or before
Aug. 1 1910, to purchase control of Lord A Taylor Co.
V. 91, p. 42, 158.
No bonds can be Issued without the consent of H of each class of stock.

Fiscal
Year—

Amount

Outstanding

$100 $12,106,300 See

-

name

[VOL. LXXXXI

INDUSTRIAL STOCKS AND BONDS

160

Y
Y
Y
Y

Y

Y
Y

reserves, $66,900; prev.surplus,$164,120; transferred from reserve to work¬
ing capital, $200,000: pref. dlv. (7%), $875,000; bal., sur., $35,512.
OFFICERS.—Pres., George B. Hayes; Vice-Pres., Geo. J. Long; 2nd
V.-P., L. R. LeMolne; Sec. and Treas., B. F. Haughton, 71 Broadway.
DIRECTORS.—Geo. B. Hayes, Colgate Hoyt. A. C. Overholt, B. F.
Overholt, E. C. Fuller, A. N. Brady, George J. Long, P. J. Goodhart,
D. Giles. W. T. C. Carpenter, B. F. Haughton, N. F. Brady, John Arthur
Hayes and L. R. LeMolne.—(V. 89, p. 477; V. 90, p. 1874.)

UNITED STATES ENVELOPE.—Incorp* In 1898 In Maine. V. 66. p.
Capacity 1908 over 20,000,000 envelopes dally. V. 87, p. 1360.
DIVIDENDS onl'08. ’99. *00. ’01. ’02 to *05. *06. ’07. ’08. ’09. 1910.
%J 2
7
7 5H 5yearly. 5X 6
preferred
6 Bel.
7
In March 1909 3%; Sept., 3%; also May 1909, 1 X%. and Nov. 1909,
2%, on account of accumulations, leaving 10X % unpaid. V. 88, p. 1139.
BONDS.—The first mortgage 5% serial gold bonds of 1908 ($2,500,000
authorized Issue) mature Dec. 1 yearly from 1910 to 1937.
In Nov. 1908
$2.000,000 were sold (falling due $50,000 yearly from 1910 to 1924. $100,000
from 1925 to 1929 and $150,000 from 1930 to 1934, ind.) for refunding about
$1,100,000 bonds, build the new factory at Springfield and lor working
capital. Ac. V. 87, p. 1360, 1163.
REPORT 6 mos. end. Dec. 31 1909, with bal. sheet, V. 90, p. 975, showed
net profits. $335,913; Int. on bonds, Ac., $52,400; pref. dlv. (3%), $112,500;
deferred dlv. on pref. stock, 2%, $75,000; deprec., Ac., $42,784; bal., sur.,
$53,229. For year ending June 30 1909, net, $642,182.
OFFICERS.—Pres., C. H. Hutchins. Worcester. Mass.; Treas., Wm. O.
Day; Sec., W. M. Wha/fidd, Springfield, Mass.—(V. 91, p. 219.)
1003.

UNITED STATES EXPRESS.—An “association*’

organized under the

laws of New York State In 1854; not Incorporated. Operated Dec. 311907 on
$0,410 miles of railroad in the Unltea States ana Canada and 261,188
miles of sea lines.
U. S. Realty Co.. V. 81, p. 269, 564, 977; V. 88, p. 382.
In Aug. 1908 obtained contracts over 15,000 to 16,000 miles of railway
of the Rock Island system, about 5.000 miles of which was already operated.
V. 87, p. 484.
On May 1 1909 oeased to operate over the Chic. Mllw. A
St. Paul.
V. 88, p. 382.
Committee, V. 87. p. 756; V. 89, p. 48.
to *00. ’01. ’02toMay’07. ’07. ’08. 1909
1910
Since 1895
%\ 3 yearly. 3H
4 yearly. Nov,3 4 5 (2 A 3) May, 3
Report for year ending June 30 1909 In V. 89, p. 1343, showed, groes

DIVIDENDS—J’96

earnings $16,851,864; net, $451,704; other income, $441,331; dividenda
(4%)7$400,000; bal., sur., $493.035.—(V. 89. p. 1071, 1S4S.)
—(V. 87, p. 484, 756, 1092; V. 88. p. 382; V. 89, p. 48, 1000, 1071.)
UNITED STATES LEATHER.—See Central Leather Co.
UNITED STATES MOTOR CO.—ORGANIZATION.—Incorp. in N. J.
In Aug. 1908 as International Motor Co.; name changed In Dec. 1909 and
took over the Maxwell-Brlsooe Motor Co., Tarrytown, N. Y.; Columbia
Motor Car Co., Brush Runabout Co., Aldon-Sampson Mfg. Co.. Dayton
Motor Car Co. and Courier Car Co.
V. 90, p. 1177, 1494, 1618, 1682.
Output capacity, as being Increased In June 1910, 5,800 cars, 500 trucks
and 4,000 delivery wagons.

Pr»lde5,°Be^mff Briscoe:

Vlce^PsT. J. 1)7Maxwell, H. W. Nuckles

and Horace de Llsse; Treas., Carl Tucker; Sec., F.
505 Fifth Ave.. N. Y.—(V. 90. p. 1494. 1618, 1682.)

D. Dorman.

Office,

UNITED STATES .REALTY A IMPROVEMENT CO.—ORGANIZATION.—Incorporated In N. J. on Mayr 26
2< 1904 and in May 1906 had aoqulred

See

Stock Exch., V. 75, p. 1200.
V. 77, p. 297, 953, 2103, 2396; V. 78,
51; V. 82. P. 1274; report, V. 86, p. 1465; V. 85, p. 1344, 1406;
307, 633.
Owns
of $2,000,000 Alllanoe Realty Co. V. 81,
1798; V. 82. p. 1209; V. 83. p. 822; V. 90, p. 1422.

$403i300

SECURITIES.—Of the stock $13,506,000 Is reserved for

p.

V. 90, p.

p.

conversion of

the bonds.
No general mortgage can be made without first securing the
debentures by mtge.
In Feb. 1910 the company had purchased $1,284,000
of the debentures, reducing the amount to $12,000,000.
V. 90, p. 241, 378.

DIVIDENDS.—
Per

cent.-!--!-

EARNINGS.—For 2 mos.
against $487,366 In 1909; net,

/ 1907.
1908..
1909.
1910.
I 4X
4X 1—1—1—1X To Aug.3 X
ending June 30 1910, gross profits, $522,671,

$330,204, against $314,949; deb. Int., $100,year ending April 30 1910, with balance sheet,
was In V. 90, p. 1422, showing: Total profits. $3,621,730; operating exp.
and taxes, $558,922; int., deprec’n, Ac., $855,608; net earnings, $2,207,200;
int. on debs., $642,800; dlv. (4X%), 4767.733; bal., sur.. $796,667
DIRECTORS.—F. A. Vanderllp, H. S. Black, C. M. Schwab, P. A. Val¬
entine, John W. Gates, Charles G. Gates, James H. Post, Edwin Hawley,
Wm. A. Merrlman, Stephen S. Palmer, R. G. Babbage, Harry Bronner,
Paul Starrett, Frank A. Vanderllp and Wm. F. Havemeyer, W. H. Chesebrough. John D. Crlmmlns. Oaklelgh Throne and B. M. Fellows.
Pres.,
H. S? Black; V.-P’s, R. G. Babbage, W. A. Merrlman, W. H. Chesebrough;
Sec.. R. G. Babbage; Asst. Sec., C. G. Dailey; Treas., B. M. Fellows; Asst.
Treas!, H. O. Winsor Jr. Office. Ill B’way, N. Y.—(V. 91, p. 158.)
UNITED STATES RUBBER.—ORGANIZATION AND PROPERTY.—
Organized under laws of New Jersey In April 1892 for the manufacture of
rubber boots and shoes. Ac.
V. 55. p. 1039; V. 56, p. 539; V. 71. p. 545.
In Sent. 1908 purchased the stock of the Boston Rubber Shoe Co.; see V. 67,
D. 905: V. 67; p. 691. 738, 802, 905; V. 82, p. 575, 1501.
English sub¬

^RE^ORt!— Report*for

V. 83, p. 629. As to arrangement
V. 84, p. 1244, 1252. In Dec. 1909
$2,000,000 Revere Rubber Co. stock at $200

sidiary. Wm. Symington A Co.. Ltd.,
with Inter-Continental Rubber Co., see

purchased $1,977,400 of the

$100 share,
89,.acquired
the 1293.
Canadian
Ser
onsolldated
Rubber
and InCo.1909V.also
p. 1673,a1599;
large V.Interest
90. p.In451,
In 1908 over 85% of

the Rubber Goods Co. stock had been acquired.

STOCK.—First pref. stock has preference as to assets and dividends; 2d
pref. only as to dividends: bonded debt can be created only with oonsent of
three-fourths In Interest of each kind of stock present at a meeting called for

the purpose.
V. 82, p. 52. See editorial May 1893 “Supplement.’’
In Jan.1910 $3,561,400 first pref. stock was offered to stockholders at 110,
payable on or before Feb. 1, the stock being underwritten by a syndicate
at the same price, raising the amount outstanding to $39,824,400.
See
bonds below and V. 89, p. 1673; V. 90. p. 56, 1294.
Of the $25,000,000
com. stock shown above, $1,334,000 Is In treasury]of> subsldlary]company.

July. 1910. j

INDUSTRIAL STOCKS AND BONDS.
5?

MISCELLANEOUS COMPANIES
[For abbreviations, Ac., see notes on first page]

Date
Bonds

Par

Amount

Rate

When

Value

Outstanding

%

Payable

1893

$500 ftc

$6,900,000

5

A

ft

O Apr 1 1913

Office Empire Bldg, N V

1901
1901
1902
1905

1,000
1,000

2,880,000

F

1,000

1,000
1,000
1,000
1,000 ftc
1,000
1,000

ft
ft
ft
ft
ft
ft

A
J
J
A
A
N

Colonial Tr, Pitts ANY
Union Trust Co, PIttsb
do
do

1891
1909
1887
1896
1896

1,500,000
1,200,000
812,000
10,000,000
9,000,000
6,732,000

5
5
5
4.4
5

United States Steel Corp—(Concl)-—Bonds of Cos Controlled—
Illinois Steel non-convertible debentures *‘A” and B” .c*
Union Steel Co—See second page preceding
St Clair Furnace first mtge gold guar $100,000 yrly.PPi.c*
St Clair Steel first mtge g guar $100,000 due yearly. UPi.c*
Clairton Steel mtge gold p ft I guar due $500,000 yrly.UPi
Clairton Land first mtge due $100,000 yrly begin Aug 1915
St Clair Terminal RR first mortgage
Elgin Joliet ft Eastern first mtge ($10,000,000) gold-.Ce.c*
Chicago Lake Shore ft Eastern 1st M guar red 110 in 1919
Duluth ft Iron Range first mortgage
Mp.c&r
Second mortgage currency red at 105 $5,000,000. _Ce.c*
Union RR first mortgage
DnmiPsnR ftnulnment trust,

.

,

..

Monongahela Southern first mortgage guaranteed

1909
1909
1894
1900
1900

Johnson Co of Penn 1st M part red 105 Sept 1 yearly..Us.c
Amer SS 1st M g gu p ft 1 end s f (V 74, p 1146)
IS.c&r
Pitts SS mtge sink fund redeem at par (V 75, p 1305)
H C Frick Co mtge s f red 105 $100,000 yrly July l___FPi
Pittsburgh Bess ft Lake Erie RR, Bess ft L E and Duluth Mlssab
Virginia-Caroiina Chemical—Stock common $38,000,000auth
Preferred (also as to assets) 8% cum $20,000,000 auth
First M(& coll tr)$15,000,000 auth sub to call text.Ce.c&r* 1908
Virginia Iron, Coal ft Coke—Underlying bonds (see text)...
Virginia iron, Coal ft Coke 1st M gold $10,000,000._Ma.c* 1899
Vulcan De tinning—Preferred stock (also as to assets) 7% cum
Waltham Watch—Common stock $7,000,000 authorized
Preferred (as to assets) 6% cumulative $5,000,000
-

—

-

-

1,000
1,000
e

DIVS.

’00. ’01.
2 None

8

’02-’03. ’04. ’05. ’06. ’07. ’08. 1909
0
None
0
0
0
0
0

None
4H
Issued In 1905
1H
1

1,000,000

2,000,000
1,150,000
1,200,000
903,000
503,000
3,715,000
1,124,000
800.000

ft Nort hern Ry—S
100 27,984,400
100 18,000,000

1,000

11,700,000

1,000

100
100
100
100

1910.

8% yearly (2%

quar.)
6
ft
8
6
To July, 4 K
BONDS.—The stockholders on Dec. 29 1908 authorized $20,000,000 of
10-year 8% collateral trust sinking fund bonds, to be secured by pledge
of stock of subsidiary companies; annual sinking fund for
redemption of
bonds. $500,000.
Coupon bonds to be drawn before registered and regis¬
tered bonds of small denominations before those of larger ones.
Of the
bonds $15,000,000 were sold to retire the $8,000,000 U. S. Rubber 5% notes
and $4,500,000 Boston Rubber Shoe 5% debentures which were called for
payment on March 15 1909, and for other purposes; $666,000 were retired
By sinking fund to July 1910. V. 87, p. 1483; V. 88, p. 56, 1377. The re¬
maining $5,000,000 bonds were sold to a syndicate at par. V. 89. d. 1673.
V. 90, p. 1177, 1294.
The quick assets, ind. subsid. cos., shall at all times
exceed the aggregate indebtedness other than the bonds issued hereunder
by
an amount equal to 130% of face of such bonds at the time
outstanding.
The General Rubber Co., with $3,000,000 stock, the crude rubber sub¬

sidiary, in July 1905 authorized $9,000,000 4H% bonds, guar, by U. S.
Rubber and Rubber Goods Mfg. companies, of which $6,000,000 have been

Issued.

V. 81. p. 36. 1103; V. 82. p. 1100; V. 83. p. 690
year ending Mch. 31 1910 in V. 90, p. 1293.
All Cos.
Operating
Other
AU
Bad
Balance,
Fiscal Year.
Profits.
Income.
Interest.
Debts, Ac. Surplus.
1909-10
$6,994,872
$1,024,950 *$1,831,161 $53,498 $6,135,163
1908-09
5.608.351
1,157.788
2.193.937
64,546
4,507,655

REPORT.—Report for

From the surplus in 1909 there was paid 8% ($2,976,305) on first pref. and
6% on 2d pref. ($597,900), $100,000 for reserve for doubtful accounts and
$500,000 reserve for contingencies, leaving balance for year of $1,960,958.
*
Indudes interest on loans, $394,977; lnt. allowed customers,
$447,267,
and int. on 10-year 6% bonds, $988,917.
DIRECTORS.—Samuel P. Colt. H. E. Converse, James B. Ford, J.
Howard Ford, J. D. Vermeule, Henry L. Hotchkiss, Lester Leland, Fred’k
M. Shepard, Frank S. Hastings, waiter S. Ballou, D. Lome
McGlbbon,
Francis L. Hlne, A. N. Brady, E. C. Benedict, Wm. H. Truesdale, Arthur
L. Kelley, Edward R. Rice, Homer E. Sawyer and Elisha S. Williams.
Pres., Samuel P. Colt; V.-P. & Treas., James B. Ford; 2d V.-P., Lester
Leland; Sec., Samuel Norris; Asst. Sec., John D. Carberry; Asst. Treas.,
W. G. Parsons.
N. Y. office, 42 Bway.—(V. 90, p. 1300, 1366.)
UNITED STATES SMELTING REFINING ft MINING CO.—ORGANI¬
ZATION.—Incorporated Jan. 10 1906 in Maine and acquired over 99% of
the $13.989,300 u. S. Mining Co. stock per
plan V. 82, p. 105. A syndicate
consisting of Lee, Higginson ft Co. of Boston and others underwrote $7,500,000 common stock, issued for cash. The U. S. Mining Co. owned the
group of mines in Bingham, the Centennial-Eureka mine at Tintic, a large
Ume quarry, the Mammoth mine in Kennett. Cal., a
oopper and lead smelter
In Utah, a oopper smelter at Kennett and a
controlling interest in the
DeLamar refinery at Chrome, N. J.
Other acquisitions, see V. 82, p. 396;
V. 85. p. 534; V. 86, p. 1340; V. 84, p. 1243; V.
88. p. 1435; V. 90, p. 1361.
DIVIDENDS.—Dividends on preferred, 87 H cents per share, 1 H%
(quar.), paid April 1906 to July 1910, Incl. Dlv. on com., 1 H% (quar.),
paid April to Oct. 1907, lnd.; 1908 to Julv 1910, 4% (Q.-J.).
REPORT.—Report for year ending Dec. 31 1909 was in V. 90, p. 1361,
showing: Net after repairs, $4,155,012; depreciation fund, administrative
exp., ftc., $1,018,651; div. on minority stocks sub. cos., $5,910; pref. dlv.,
$1,700,963; div. on com. stock (4%), $701,961; bal., sur., $727,526.
OFFICERS.—Chairman of Board and Pres., Wm. G.
Sharp; V.-P.,
Charles G. Rice; Sec. and Treas., F.
Wlnthrop Batchelder; Managing
Director, A. F. Holden, Cleveland, O. Main offioe. Salt Lake City. Presi¬
dent's offloe, 55 Congress St., Boston.—(V.
88, p. 1435; V. 90, p. 1361.)
UNITED STATES STEEL CORPORATION.—ORGANIZATION.—Inoorporated in New Jersey on Feb. 25 1901. per plan in V. 72, p. 441, 679
(see also V. 73, p. 349; V. 85, p. 1467).
PROPERTIES OWNED.—The properties owned Dec. 31 1909 were:
127 blast furnaces, 254 open-hearth furnaces and 35 Bessemer steel con¬
verters, 9 steel raU, 57 bar, billet, ftc., mills; 13 structural
shape mills
19 plate mills; 3 plants, comprising 80
puddling furnaces; 69 merchant
mills, producing bar Iron, steel, ftc.; 235 hot mills, producing tin plate, ftc.;
23 rod mills; 56 (welded and seamless) tube
mills; 19 bridge and structural
plants; 17 skelp mills; 24 complete foundries; 189 sheet.
Jobbing and plate
mills, 15 piercing and rolling mills; 56 wire mills; 35 galvanizing and tinning
mills; 13 splice, bar, spike, bolt, ftc., mills; 4 cement plants; 64 ware¬
houses; 21 miscellaneous armor, axle, ftc., works; extensive Iron ore mines
In the Lake Superior region; owns or
leases 123,491 acres of coking coal and
22,840 acres of surface and 23.084 beehive coke ovens, ftc., in Pennsylvania
and West Virginia; 612
by-product coke ovens at Benwood, W. Va., Joliet,
Ill., and Sharon and South Sharon, Pa.; 34,241 acres of steam and gas coal
binds, ftc., railroads, lake vessels, ore docks, natural gas lands, ftc.; also
Southern coal and coke property owned by
Tennessee Coal, Iron ft RR.,
consisting of mineral Interests owned, 148,245 acres; mineral Interests and
surface, 181,124 acres; surface, 5,987 acres; 2,974 beehive cove ovens, ftc.
Leading Subsidiaries and Their Share Capital, Practically AU Owned.
Stock of—
Total.
Stock of—
Total.
Federal Steel, com
$46,484,300 Amer. Tin Plate..
&$25,000
d<>
pref-- 53,260,900 Amer. Sheet, com
24,500,000
National Tube, com
40,000,000 Am. Sheet ft T. Pl.,7%pf 24,500,000
do
7% pref.. 40,000.000 L. Superior Con. I. Mines 29,887,400
Amer. Bridge, com
30,950,800 Shelby Steel Tube, com. 8,151,500
do
7% pref.. 31,373,800
do
7% pref..
5,000,000
Amer. St. ft Wire, com.. 50,000,000 Union Steel
Co
20,000,000
do
7% pref.. 40,000,000 Clairton Steel
3,500,000
Carnegie Steel Co
a65,250,000
a A
merger In 1903 of the Carnegie Co. (stock $160,000,000); National
Steel Co. (com. $32,000,000 and
pref. $27,000,000) and Amer. Steel Hoop
Co. (comf 18.000,000 and pref. $14,000,000). 6 Formerly $28,000,000
com. and $18,325,000
pref.
Output of Company in 1909, Gross Tons (see V. 90, p. 777).
Iron ore
23,431,047 Bessemer steel rails
1,719,486
Pig iron, splegel, ftc
11,618.350 Finished structural work.
530,766
Bessemer steel
5,846,300 Plates and sheets
1,754,775
Open-hearth steel
7,508,889 Wire and wire products.. 1,607,689
Coke, manufactured
13,590,112 Blooms, slabs, billets, ftc.
675,614
Coal (not used
_

for ooke).. 3,089,021 All other finished
products 3,571.330
On Jan. 1 1903 took
the entire capital stock of the new Union Steel
Co..$45.000.000 of newoyer
5% bonds being guaranteed, principal and Interest.
See that oompany on a
preceding page. V. 75, p. 1359; V. 76, p. 107, 546;




1,500,000

g
g
g
g

J
J
F
F
M

5 g

4K

Last Dividend
and Maturity

.

Aug 1911-39
Jan

1911-25

July 1911-13
Aug 1 1915-26
Feb 1 1932

5
6
5
5
5
4
6
5 g
5
5 g

458,000
5 g
4,874,000
1,500,000 See text
7,000,000 See text
5,000,000 6 in 1909
24,000,000 See text

M

ft

Oct

t

1955

1

1 oan

do

do

do
do

do
do

Fidelity Title ft Tr, Pitts

Home Tr Co, New Jersey
Office, Empire Bldg, N Y
Office, Carnegie Bid,Pitts
U S Trust Co, New York
Illinois Tr & Sav Bk, Chlo
Union Trust Co, PIttsb
Bk of Amer, NY; or Pitts

To May 1914
Nov 11920
Jan 1 1915

July 1 1911-18
es

Places Where Interest and
Dividends are Payable

Pittsburgh Trust Co,Pitt

May 1 1941

1969
O Oct 1 1937
J Jan 1 1916
s Sept 1 1946
s Mch 1 1914

A
ft
J
ft
M
ft
M
ft
o
A
ft
»
M ft
M
ft
S
M
ft
N
J
ft
J
J
&
J
ee those
comnani
See text
F
Q—
8
Q—J 15
5 g
J
ft
D

190.572836

1,000
1,000

Wells. Fargo ft Co—Stock..
Common
1st pref
2d pref

161

under RRs— For other bonds see text

Aug 15’10 1K% Checks mailed
do
July 15 ‘10 2%
Dec

1 1923

Central Trust Co,

N

Y

S Mch 1 1949

Bk of Manhattan Co, N Y
Q—J
July 20'10 11i Checks mailed
J
ft
J Jan 1 '10 1K%
do
J
ft
D June 1 1910 3%
do
J
ft
J July 15 '10 5%
Office 51 Broadway, N Y

V. 78, p. 1174.
In 1904 acquired Clairton Steel Co., guaranteeing $10,230,000 bonds.
In 1908 purchased Schoen Steel Wheel Co.
V. 87, p. 101,229.
In April 1906 the Indiana Steel Co. began to build a new
plant at Gary, in
Lake County, Ind., with an annual capacity of 1,750,000 tons of finished
steel, to cost about $115,000,000.
To Jan. 1910 $55,000,000 had been set
aside from earnings, to build this plant, of which $48,620,192 had been
expended. V. 82, p. 575, 637, 702, 991, 1216; V. 83, p. 1123; V. 84,
p. 635; V. 86, p. 731; V. 87, p. 351, 484; V. 90, p. 779.
In Oct. 1906 a lease of the ore lands of the Great Northern
Ry., Northern
Pacific Ry. and others on a royalty basis was arranged, to continue until the
ore Is exhausted, unless the lease is terminated Jan. 1 1915 under the
option
reserved to the Steel Corp.
Minimum tonnage to be mined, 750,000 in
1907, Increasing 750,000 yearly until 8,250,000 is reached; cost to be $1 66

?er
standard
centsV.per
increase annually. V. 83, p.
3.4 936;
1290; V.ore,
22,ton
912,
84, with
p. 755,
86,ton
p. 855; V. 87. p. 952.
In 1907

acquired practically all of the stock of Tenn. Coal Iron ft RR.,
V. 85, p. 1212, 1272, 1407; V. 86, p. 730; V. 88, p. 1066.
DIVID’S.—11902. 1903. 1904-05. 1906. 07. '08.
1910.
1909.
Common
4
%\
3H None.
IK
2
2
K.K.K.l
Below
Preferred ._%J Aug. 1901 to Aug. 30 1910,7%
perann. (1 %%quar.)
In 1910, on common, March, 1% and H% extra; June, 1K%; Sept.,
1 H%.
Distributions in excess of 1 K%. it is expected, will be declared
as ‘‘extras.”
V. 90, p. 1177.
BONDS.—The collateral trust 5% bonds of 1901 were secured by all the
securities owned; $154,000,000 only (series A, C and E) are subject to call
in whole or part at 115% after April 1 1911: a
sinking fund of $3,040,000
yearly, beginning June 1 1902, can purchase bonds, if obtainable at not
exceeding 115 ana interest, and after April 1 1911 may be applied to the re¬
demption of series A, C and E bonds to be drawn by lot.
In Jan. 1910
$25,847,000, not included in amount shown in table above, had been so pur¬
chased and were held alive in sink. fund. Carnegie
holdings, V. 77, p. 2039.
The coll, trust sinking fund 2d mort. 5s of 1903 (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 lnt. in whole
or part (if the latter to be
designated by lot and coupon bonds to be re¬
deemed first).
An annual sink. fd. of $1,010,000 will provide for retire¬
which

see.

ment of the bonds.

No foreclosure proceedings can be brought for default
(in payment of prin. or int. continuing) for less than two years.
In Jan.
1910 $7,849,500 not included in table above were held alive in sinking fund.
In 1903 $150,000,000
pref. stock was exchanged, $ for $, for second mort.
bonds, $20,000,000 of the bonds being also sold at par to provide for im¬
provements and $30,000,000 exchanged in Nov. 1907 for Tenn. Coal, Iron ft
RR. com. stock. Final $50,000,000 (of the authorized issue of $250,000,000 2d 5s of 1903) is applicable for exchange for preferred stock.

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; V. 85. p. 1212, 1282; V. 86, p. 730.
Bonds of Companies Controlled Not Mentioned in Table Above.
.

Interest.
Allegheny Furnaoe mortgage
5 F. ft A.
Host .Conn .Coke 1st M (V.85,p.l466) 5 F. ft A.
Contln’l Coke Ms last installment—. 5 F. ft A.

Due $37,000 yearly
4 K April 27
Carnegie Co. collateral trust mtge.. 5 A. ft O.
Rorena Furnace first mortgage
5 J. ft D.
Schoen SteelWheel Co.1st M.g.gu.byl
Carnegie Steel Co. of N.J.,red. 105/5 g M. ft S.
,

Outstanding. Maturity.
$78,000
Aug. 1 1911
809,000 July 1 1942
100,000
Feb. 1911

333,000
43,000
250,000

Apr. '11-’19
Apr. 1 2000

Dec. 11912

1,238,000 Mch. 1 1926
128,000 July 1 1920
mos. ending June 30 (‘‘Chronlcle”July30>
Six
Net over
Int.,s.f.
Addit’ns.Div.i3K%) Div. on
Balance,
Mos. repairs, Ac. depr., Ac. const., Ac. on pf. stk. com. stk.*
surplus.
$
$
$
$
$
$
27,027,812 12,500,000 12,609,838 12,707,562 12,942,624
24,377,221
12,609,838 6,353,782 8,920,918
•In 1910, 2K%; In 1909, 1 K%.
REPORT.—For 1909 was given in V. 90, p. 768, 775; edit. o. 741.
Year ending Dec. 31—
1909.
1908.
1907.
Gross sales and earnings
$646,382,251 $482,307,840 $757,014,768
Repairs, charges, sub. cos., ftc
514,890,837 390,460,130 596,050,094
Little Vermilion Coal first mtge
LATEST EARNINGS.—For 6

5 J. ft J.

.

Net earnings
$131,491,414
Sinking fund of subsid. cos.’ bonds $1,724,260
do
of U.S. Corp. bonds..
5,630,557
Depr. ft extin. funds (leg. prov.).
5,884,367
Extra, replac’t funds (reg. prov.)_
16,109,687
Special funds for impts. ft exten.
Set aside for construction, ftc
15,000,000
Reserve to cover adv. royalties._
3,200.000
Interest on Tl. S. Steel bonds....
23,617,293
Deprec. in Invent, and adjustm’ts Cr.548,445
Dividend
do

on

preferred stock

common

stock

$91,847,710 $160,964,674
$1,588,070
$1,977,761
5,137,497
5,385,203
3,844,214
6,681,746
11,532,897
15,560,237
3,500,000
54,000,000

23,862,647
22,860,353
681,516
Cr.94,035
(7)25,219,677 (7)25,219,677 (7)25,219,677
(4)20,332,100 (2)10.166,050 (2)10,166.050

Balance, undivided earnings... $15,321,918 $10,342,087 $15,179,837
DIRECTORS.—The directors are as follows:
To Apr. 1913.
To Apr. 1911.
To Apr. 1912.
J. P. Morgan,
Samuel Mather,
Robert Winsor.
Henry Phipps,
Daniel G. Reid,
Charles Steele,
J. P. Morgan Jr.,
William E. Corey,
William H. Moore.
Thomas Morrison,
George F. Baker,
Norman B. Ream,
Elbert H. Gary (Ch’m’n), Nathaniel Thayer,
Peter A. B. Widener,
George W. Perkins,
John F. Dry den,
James H. Reed,
Edmund C. Converse,
Clement A. Gris com.
Henry C. Frick,
Alfred Clifford.
Henry Walters.
Perdval Roberts Jr.
OFFICERS.—Pres., W. E. Corey; 1st V.-P., Wm. B. Dickson; Sec. and
Treas., Richard Trimble: Comptroller, William J. Filbert.
Office, 71 B’way, N. Y.—(V. 90, p. 1177, 1495, 1618; V. 91, p. 219.)
UTICA GAS & ELECTRIC CO.—V. 86, p. 1228; V. 87. p. Ml.

VIRQINIA-CAROLINA CHEMICAL CO.—ORGANIZATION.—Incor¬
porated on Sept. 12 1895, and acquired many successful manufactories of
adds, chemicals and commercial fertilizers from Baltimore to Atlanta and
Savannah, several in Alabama, and one each in Mississippi, Louisiana and
Tennessee. V. 68, p. 431; V. 69, p. 232 , 964; adv. in ‘‘Chronicle” March 4
1899; V. 72. p. 444,1186,1191,1285; V. 73, p. 137, 240; V. 74, p. 942,1095,
V. 75, p. 81, 140, 496; V. 87,
p. 283.
STOCK.—The remaining $2,000,000 preferred stock cannot be Issued
In excess of $400,000 In any fiscal year except on vote of a
majority of
the stock.
V. 78. p. 1451; V. 77. p. 355, 405; V. 78, p. 1503, 1970.

162

INDUSTRIAL STOCKS AND BONDS.
MISCELLANEOUS COMPANIES

[For abbreviations, Ac., |see notes on first page]
Welsbach Co—Collateral trust mtge gold $7,000,000 s f PIP
Western Electric Co. (Mfg.)—Stock $25,000,000
First mtge $15,000,000 gold call aft 1911 at 105
MC.c*
Two-year notes (secured by $6,250,000 1st 5s)
Ma.
Western Ice—General and collateral mtge $30,000,000 gold.
Western Telephone & Telegraph—6% cumulative
Collateral trust gold bonds $10,000,000
OB.c*
Secured gold bonds red 105 begin 1922 (see text)
OB.c*
Collateral notes redeemable (text)
OB.cAr
Western Transit Co—Bonds guar by N Y C extended in 1903

Western Union Telegraph—Stock $125,000,000 authorized..

Date
Bonds

Par
Value

1900

$100 Ac

1909
1909
1907

1,000

100

1902
1907
1910
1883

1,000
100
500 Ac

1,000
1,000
1,000
100

1888

1,000
1,000 Ac
1,000

Collateral trust bonds
Me.c*
Funding and real estate mortgage $20,000,000 gold__F.cAr
Gold bonds, to be paid May 1 1912 convert (text)-.B.c* Ar

1900
1907

Collateral trust notes redeem extended In 1910 (text) —xc

1898
1906
1907
1907
1898

1,000
1,000
1,000 Ac
£ or $
1,000

1895
1899
1907
1908
1902

1,000
1,000
1,000

Westinghouse Air Brake—Stock $14,000,000
Westing Elec&Mfg—Assen stk $56,000,000 auth (V 71p 1274)
First preferred ($4,000,000) stock 7% cum and partlcipat
Debenture certificates gold redeem 105 (see text)
Me
Bonds (debenture) $25,000,000 conv s f red (see text)...S
Collateral notes redeemable (see option text)
Walker Co first mtge (contingent liability) (see text)

Me

50
50
50

50

Westinghouse Machine—Stock authorized $10,000,000
Mortgage due $35,000 yearly
Debentures $1,500,000 gold redeemable by lot at 105
Sinking fund bonds $10,000,000 authorized
Collateral notes secured by bonds $7,200,000 red par
r
Westinghouse Foundry 1st M guar due $50,000 yrly beg *07
Wilkes-Barre Gas & Elec—See “Electric Ry.“ section,
Yankee Fuel—First mtge $2,500,000 g s f red text.. Usm.c*Ar
-

-

1906

500 Ac

1,000
1,000

DIVS.—1*96. ’97toMch.’02,lncl. J’ne’02toJ’ne’03. ’04-’08. ’09.
1910.
_%f 1
4%
5%
None. Aug.,3 Below
Pref.,8%j
In full to July 1910, inclusive (paid Q.-J. 15).
In Aug. 1909 3% on common from earnings of fiscal year 1908-09; 5%
from earnings of fiscal year 1909-10, payable 1 )£% each on Aug. 15 and
Noy. 15 1910 and Feb. and May 15 1911. V. 91, p. 99.
BONDS.—The first mortgage 5s of 1908 ($15,000,000 authorized Issue),
of which $12,000,000 have been sold (the remainder not being Issuable for
three years) to retlie the $4,500,000 collateral trust bonds of 1902, called
for payment at 105 on April 1 1909, and for working capital.
They are
subject to call as a whole at 105 and $300,000 yearly for the sinking fund
at 102 K.
They are secured by (1) a first lien on all real estate and plants
owned in fee and (2) a pledge of all the shares of the Southern Cotton
OU Co. ($10,000,000), all the shares of the Charleston (S. C.) Mining A
Mfg. Co. ($2,219,200), a controlling interest in the Elnigkelt (potash) Co.
and the Chemical Works Schonebeck, Ltd. (costing more than $3,000,000),
and all other stocks owned by the company in other companies at the time
of the making of the mortgage.
The current assets, including subsidiaries,
shall at all times exceed the current liaiblities by the amount of the out¬
standing bonds. V. 87, p. 1361, 1092.
REPORT for year ending May 31 1910 in V. 91, p. 150, showed gross
profits, $5,336,669; Int. on bonds, $592,500; int. and disc., $387,548; div.
on pref. (8%), $1,440,000;
div. on com. (5%), $1,399,220; bal., sur.,
31,517,401.
DIRECTORS.—S. T. Morgan (Pres.), E. B. Addison, James N. Boyd,
T. C. Williams Jr. of Richmond. Va.; N. S. Meldrum, Henry Walters,
Harry Bronner, L. R. Oudin, New York; James B. Duke, Somerville, N. J.;
R. J. Reynolds, Winston, N. C.; Geo. W. Watts, Durham, N. O.; Fairfax
Harrison, Washington, D. C.; W. H. Williams, Winston-Salem, N. C.
Sec. Is S. D. Crenshaw; Treas., S. W. Travers, Richmond, Va.—(V. 89,
P.!161, 169. 220. 230, 415; V. 91, p. 99. 150.)
Oom

VIRGINIA IRON COAL & COKE CO.—ORGANIZATION.—Owns fur¬
Roanoke, Pulaski, Radford, Graham, Max Meadows and Reed
Island, Va.; Bristol and Middlesborough, Ky.: Crescent Horseshoe Works,
Max Meadows, Va.; steel works at Middlesborough, Ky., and certain foun¬
dry and machine works. Also owns about 132,000 acres of coal lands, and
owns and controls about 209,000 acres Iron and ore and timber lands.
V. 68. p. 675; V. 69. p. 388; V. 76, p. 272; V. 79,p.l703; V.81,p.l615.
In 1906 sold $1,004,500 stock of Va. A S. W. Ry.
V. 87. p. 739.
Stock authorized, $10,000,000, all common; outstanding, $9,073,680; par
$100. On Oct. 1 1907 paid a 5% stock dividend. V. 85, p. 350. About
$5,000,000 stock was deposited In March 1907 in a 5-year voting trust.
See V. 84, p. 512.
Readjusted per plan V. 75, p. 348, 398, 736. Of the 1st 5s, $4,668,000
have been canceled; the $458,000 unissued are held to retire prior lien
bonds, viz.: $458,000 Carter Coal A Iron sinking fund gold 5s, due Oct. 1
1938, subject to call at 105 (New York Trust Co., trustee). Report for
year ending June 30 1909 was In V. 89, p. 917, showing: Gross earnings,
$3,000,060; net, $198,080; other income, $71,135; charges, taxes, Ac.,
$580,946; bal., def., $311,731.
Pres., Henry K. McHarg, New York.
Office, Roanoke, Va.—(V. 87, p. 732: V. 89, p. 850,917.)
naces at

VULCAN DETINNING CO.—ORGANIZATION^—Incorporated In New
Jersey on April 25 1902 as a consolidation; V. 74, p. 942. Has plant at
Streator, Ill., and Sewaren, N. J.; manufactures “Merchantable pig tin”
and steel scrap (used by steel mills) from tin plate waste.
V. 83, p. 42.
1234.

Favorable decision June 1909, V. 88, p. 1626.
STOCK.—Common stock, $2,000,000: preferred stock, $1,500,000, 7%
cumulative, all outstanding.
Par of shares, $100.
No bonds.
DIVS.—
1910.
) *03. *04. *05. ’06. ’07.
1908.
1909.
Preferred (%)) 6X
0
5
5 Oct., 1)4 5 (Q-J)
7H
To July, 5%
Common (%)j 3
0
0
00
0
0
In 1910, Jan., April and July, each 1 Yi% and H of 1% extra.
Accumu¬
lated pref. dlvs. April 1910, 19%.
REPORir for year ending March 31 1910, in V. 90, p. 1612, showed
surplus of $118,685 over $90,000 (6%) dlvs. on pref. stock.

OFFICERS.—Pres., Samuel R. Beardsley; V.-P. and Treas., Adolph
Kern; Sec., Chas. P. Hull. Office, 114 Liberty St., N. Y.—(V. 90. p. 1612.)
WALTHAM WATCH CO.—ORGANIZATION.—Incorporated In Massa¬
chusetts In May 1906 as successor per plan*of re-capitalization In V. 82, p.

1042, of American Waltham Watch Co.
Manufactures “Waltham”
watches; factory situated at Waltham, Mass.
V. 76, p. 161; V. 82, p. 1042;
STOCK.—Pref. stock cannot be Increased nor
out consent of % of each class.
V. 84, p. 698.

mortgage authorized with¬

Stockholders were offered
the right to subscribe for the remaining $500,000 pref. stock In the treasury
pro rata at par, payable on or before March 1 1910, making the entire
$5,000,000 pref. outstanding.
V. 90, p. 241.
Dlvs. on stocks of new co., 3% on pref. Dec. ’06; In 1907 to June 1910,
6% (J. A D.); on common, in 1907, 3%; 1908, jan., 1)4%; July, 54%;
1909,3% (J. A J.); 1910, Jan., 1 H%; July, none. V. 90, p. 1683. ' Balance sheet, V. 88,J>. 1617.
Pres., Ezra C. Fitch; Treas., Royal Robbins,

^73^WMhh^ton^St.^Boston.—(V. 87, p. 1667; V. 88,

p. 948, 1617;

..}YELks\,FARQ0 & CO. (EXPRESS).—Incorp. In Colorado

1866.

Feb. 5

On Mch. 1 1910 operated on 58,129 miles of railroad in the U. S. and
Mexico, 9,835 miles of stage, inland and ocean steamer routes; total, 67,964
miles (but see V. 87, p. 484).
In Feb. 19.09 arranged long-term contract
from May 1 1909 over Chic. Mllw. A St. P., including Pacific Coast exten?!22,,a,nd.tn
,Apr- ’°9 over Nat- Rys- of Mex. lines. V. 88, p. 383, 1066.
Official circulars, V. 83, p. 90, 163, 268, 434.
y
DIVIDENDS.—
f ’72.*73-’94.’95-’01. ’02.’03-’05. ’06. ’07toJuly’10.
Cksh
%\ 6)4 8 y’ly. 6 y’ly.
9
8 y’ly. 9
10 (5 J.AJ.)
On Feb. 10 1910 an extra dividend of 300% was paid from accumulated
surplus, shareholders being allowed to use two-thirds of this in paying for
$16,000,000 new stock, increasing outstanding issue from $8,000,000 to
$24,000,000. V. 89, p. 1355, 1674.
’
’ '
Report for year end. June 30 1909, In V. 89, p. 916, showed: Gross,
receipts express business, $24,476,432, against $22,945,468 in 1907-08; total
net income. $4,664,379, against $4,078,818.
Reserve fund June 30 1909.
$19*701,575.—(V. 89, p. 1674; V. 90, p. 307, 379. 452, 564.)

WELSBACH CO.—See page 164.
WESTCHESTER LIGHTING.—See Consolidated Gas Co. of New York.
WESTERN ELECTRIC CO.. NEW YORK AND CHICAGO.—Incorp. In
Ill. in 1881.
“The largest manufacturer of telephonic apparatus in the
world and the largest distributer of electrical supplies in the United States.”

Ml




Amount

Rate

When

Outstanding

%

Payable

$6,526,000
15.000,000

5g

J

8
5 g

8,750,000
5,000,000

&

D

Q—F

J
&
J
J
&
J
4H
5 g
J
A
J
2,632,000
A
A
16,000,000 5 In 1910 F
A
9.873,000
J
J
k
See text
F
A
10.000.000
A
3 M
F
A
A
1,500,000
99,787,000 See text
Q—J
5
J
&
J
8,645,000
4 M g MAN
20,000.000
10,000.000
MAN
4 g
13,750,000 See text
Q—J
36.720,487 See text
Q—J
3,998,700 See text
Q—J
J
A
1,840.000
J
J
A
20,486,754
J
F
A
A
4.000,000
5
A
A
2,720,000
O
850,000
J
A
J
o
e
7,373,450 See text
Q—J
6
J
A
D
140,000
J
A
825,000
J
5g
See text
5
J
A
J
6
6,473,000
Q—J
5
MAN
850,000

e

5®

_

6

2,027,000

5g

A

A

[VOL.

LXXXXI.

Last Dividend
and Maturity

Places Where Interest and

June 1 1930
Aug 1 1910
Dec 31 1922
1912
Jan
Jan
1957
’10 2H%
Aug
1932
Jan
1937
Apr
1912
Feb
1923
Feb

Phlla Prov L A Trust Co
Checks mailed

Dividends

are

Payable

Chicago and New York
Manhattan Tr Co, N Y
In default
243 Wash’n St, J C, N J
Old Colony Trust Co, Bos

Boston, Mass
Boston, Mass.
Grand Cent Station, N Y

July 15 ’10 H% Office, 195 Bway, N Y
Jan

1 1938

May 1 1950
Nov 1 1936

do
do
do

do
do
do

July 9 *10 6% Pittsburgh, Pa
Oct 10 ’07 2H% Office 165 Broadway,N Y
do
do
Julyl5’10 1 H%
Mercantile Trust Co, N Y
July 1 1913
Standard Trust Co, N Y
Jan 1 1931
Aug 1 1913
Oct 1 1917
Jan 21916
Oct 10’07 2 H%
June 1911-14

July 1 1919
Jan
Jan

1 1932
l 1911

May 1911-27

O Oct

1 1926

New York or London
Central Trust Co, N Y
East Pittsburgh, Pa
Fidel Tit A Tr Co, Plttsb
do
do

Standard Trust Co, N Y
Colonial Trust Co, Plttsb

April 1909 not paid

On Dec. 31 1909 had 18,000 employees.
Controlled by Amer. Telephone
A Tel. Co. through ownership of $12,000,900 of Its $15,000,000 capital stock.
Authorized bond issue, $15,000,000, of which $8,750,000 sold and the

remaining $6,250,000 pledged as security for the $5,000,000 2-year 4)4%
notes.
V. 90, p. 307.
Cash dividends averaged 7.29% per annum from 1881 to 1895 and 8%
yearly 1896 to Aug. 1910, inclusive.
Report for year ending Nov. 30 1909 in V. 90, p. 624, showed: Gross sales,
$45,575,138; net applicable to Interest charges, $2,404,010; Interest,
$313,746; dlvs. (8%). $1,200,000; bal., sur., $890,264.
See V. 90. p. 307.
Pres., H. B. Thayer; Treas., J. W. Johnston; Sec., G. C. Pratt.
N. Y.
office, 463 West St.—(V. 90, p. 114, 307, 624.)
WESTERN ICE CO.—ORGANIZATION.—Incorporated In New Jersey
in Dec. 1907 and acquired, per plan V. 83, p. 1527, $209,700 of the $3,000,000 pref. and $2,932,300 of the $4,000,000 com. stock of the Knickerbocker
Ice Co. of Chicago.
V. 84, p. 343; V. 85, p. 738, 809; V. 86, p. 340. Stock
auth., $15,000,000; outstanding, $3,550,400; par, $100.
In Feb. 1910
about $1,600,000 of the bonds and $2,431,600 of the stock had been de¬
posited under the terms of the “Thomas liquidation agreement” (Equitable
Trust Co., N. Y., depositary).
V. 90, p. 452. Trustee’s sale of collateral is
to take place on Aug. 3 1910.
V. 91, p. 99. The Jan. 1908 coupon was

paid in Knickerbocker Ice scrip. V. 86, p. 486. 922. Pres., W. E. Austin;
71 B’way, N. Y.—(V. 86. p. 922; V. 90, p. 452; V. 91, p. 99.)
WESTERN TRANSIT CO.—Owns piers, Ac., in Buffalo, N. Y.. fleet of
14 steamers (of which 8 steel), and also barges used on the Great Lakes,
N. Y. Cent, owns the $1,000,000 stock.
Cal. year 1908, gross, $1,482,028;
net. $102,505; Int., Ac.. $55,895; sur., $46,610.—(V. 79, p. 738.)

WESTERN TELEPHONE & TELEGRAPH CO.—Owns 77% of the
Telephone Co.. 82% of the Northwestern Telephone Exchange
Co., which operates the Duluth Telephone Co. and Mesaba Telephone Co.,
and 84% of the Southwestern Telegraph A Telephone Co., 82% of the
Wisconsin Telephone Co.
These companies operate in Ohio, Minnesota,
North and South Dakota, Texas, Arkansas and Wisconsin, under licenses
from Am. Telephone A Telegraph Co., which owns the balance of the stock
Amer. Tel. A Tel. in May 1909 owned $12,187,600
of the three first named.
pref. and $9,145,500 com. stock. V. 84, p. 1058. Com. stock is $16,000.000; pref., see table above.
Incorp. in N. J. Jan. 22 1902 as successor of
Erie T. A T. Co., per plan In V. 73, p. 1359; V. 74, p. 42.
DIVIDENDS —Div. on pref., Aug. 1902 to Feb. 1904, 4% yearly (F. A
A.). Since to Aug. 1910, 5% yearly (F. A A.).
BONDS.—All Erie bonds except $39,000 have been retired.
New bonds
are secured by stks. and bds. owned. See list, V. 74, p. 893; V. 84, p. 1058.
The secured gold bonds dated 1907 heretofore used to secure notes have
as collateral (see V. 84, p. 1058) securities the value of which must always
exceed by 33 1-3% the principal of the bonds.
The $10,000,000 collateral 5% two-year notes, dated February 1 1910,
are secured by
stocks and notes of controlled companies having an
estimated market value of about $19,750,000; they are callable on any int.
ona3M%
day
discount basis. V. 90, p. 241. Notes payable to American
Teleph. A Teleg. Co. Dec. 31 1909, $2,925,000, and to sub. cos., $1,017,000.
Postal Teleg.-Cable Co. of Texas, $1,189,000 30-year gold 5s, due Jan. 1
1928, guar, of Interest and sinking fund (sufficient to retire bonds at matur¬
ity), assumed on purchase. March 15 1902. V. 76. p. 335.
REPORT—Report for year ending Jan. 31 1910, with balance sheet, in
V. 91, p. 153, showed: gross, $2,169,642; expenses, interest and taxes,
$1,308,171; net revenue. $861,471; div. on pref. (5%), $800,000; bal.,
stir., $61,471.
Office, 243 Washington St., Jersey City.—(V. 87, p. 43,
164; V. 88, p. 690, 1617; V. 90, p. 241, 7$8; V. 91, p. 153.)
WESTERN UNION TELEGRAPH.—Organized under the laws of New
York State on April 2 1851, and present name adopted in 1856.
As to
favorable decision in Oct. 1903, seev. 77, p. 953, 2160; V. 78, p. 588, 1227;
V. 82, p. 336; V. 89, p. 533.
In Nov. 1909 the Amer. Tel. A Tel. Co. acquired a substantial minority
interest (understood to be about $30,000,000) in the stock, including the
Gould holdings.
The operation of the two properties In harmony Is ex¬
pected to result In saving In operating cost. V. 89, p. 1355, 1546; V. 90,
p. 714, 785.
In 1909 sold to Am. T. A T. Co. the $16,221,800 N. Y. Tele¬
phone Co. stock owned for $22,500,000, payable 1910 to 1915.
STOCK—In 1892 increased stock from $86,200,000 to $100,000,000, of
which $8,620,148 was then paid as sctlp dividend to represent surplus earn¬
ings expended on the property and $2,630,000 still unissued, of which
$1,217,125 was distributed In Jan. 1908 and $1,230,100 in April 1908 in
lieu of cash dlvs.
In Nov. 1906 stock was increased to $125,000,000, to
provide for conversion of new bonds.
DIVS.—
/’93 to ’07.
1908.
1909.
1910.
Since 1893,%! 5% yrly.
3 )4% (lncl. 2 )4% stk.)
3
ToJul y,2H%
Dividends are to remain 3% yearly, pending Improvements. V. 90, p. 981.
BONDS—On June 30 1909 the following stocks (par value) were pledged
for the collateral trust bonds: Gold A Stock Telegraph, $1,111,800; Inter¬
national Ocean Tel., $1,961,500; N. Y. Mutual Tel., $2,387,700; Maine
Telegraph Co., $111,000; Washington A New Orleans Teleg. Co., $30,000,
and bonds. Mutual Union Tel. 6s, $3,043,000.
The funding and real estate 4 Hb cover real estate In New York and
Chicago.
If a mortgage is made, they will have a prior lien. V. 70, p. $84.
1203; V. 71, p. 750; V. 74, p. 785; V. 78, p. 1451; V. 80. p. 226.
The $10,000,000 gold bonds dated 1907, secured by deposit of $9,733,100
N. Y. Telephone stock (which It was arranged In Sept. 1909 to sell to the
Am. T. A T. Co.), are to be called for payment at 105 May 1 1912.
They
are convertible into stock at par up to 30 days prior to redemption.
V. 83,
p. 629, 1361; V. 86, p. 234; V. 89, p. 991.
Capitalisation of Leading Properties operated Under Lease.
Cleveland

Lease
Int. or div.
Bonds
Amount.
mature.
expires.
% Period.
Company, Ac.—
1932 $14,000,000 5
No bonds
Am. Tel. A Cable stock.
Q—M
2004
MAS
No bonds
46,000 3
Chic. A St. Paul Tel. stock. .
1978
No bonds
711,700 6
Dominion Tel. Co. stk. ($50)
Q—J
1989
4
300,000
No bonds
Q—M
Empire A Bay State stock..
1975
No bonds
367,100 2H MAN
Franklin Tel. stock
Gold A Stock Tel. stock
Jan. 1981
2,444,400 6
500,000 4H
Bonds($500), not mtge ext
May 1 1915
JAJ
1,830,150 4
None.
Illinois A Miss. Tel
Perpetual
No bonds
Jan. 1981
1,015,400 6
Intern. Ocean Tel. stock
Q—J
el
6
12,360
N. Y. Mutual Tel. stk. ($25) Feb. 1982
Mutual Un. Tel. 1st mtge
f\ ,957,000 6g. MAN May
1911
JAJ
Northw. Tel. stfc. ($50).-May 7 1980
2,500,-000 6
1934
1st mtge., p. A1. guar.—_
1,500,000 4H JAJ Jan.
J AJ
No bonds
99 years
Pac. A Atl. stock ($25) ^
541,850 4
AAO
No bonds
Sou. A Atl. stock ($25)
999 years,
558,575 5

San

.

July, 1910. J

INDUSTRIAL STOCKS AND BONDS

l!On June 30 1009 the company owned (not included In above amounts)
Chic. & St. Paul Tel., $54,000; Dominion Tel., $288,300; Franklin Tel.,
$632,900; Gold & Stock Tel., $2,555,600; Int. Ocean Tel., $1,984,600; Ill. &
Miss Tel., $100,350; Pacific & Atl. Tel., $1,458,150; So. & Atl., $390,475.
Also owns through collateral trust, viz.: e $2,387,700; f $3,043,000.
The Montreal Telegraph Co. (stock $2,000,000; par $40; bonds, none) is
leased until 1978 to the Great N. W. Telegraph Co. of Canada.

1907-8

LATEST EARNINGS.—Revenue for 12 months ending June 30 1910:
Net Rev.
Interest.
Dividends.
Balance.

0 Mos. end. June 30.
1909-10

.$7,421,473
7,347,106

1908-09

Total surplus (estimated) June

$1,732,249
1,732,240

(3%)$2,990,591
(2 5*%)2,739,435

$2,698,632
2,875,422

30 1910, $19,967,910.

ANNUAL REPORT.—Report for 1908-09 was in V. 89, p. 991.
1909-10.
1908-09.
1907-08.
1906-07.
Year ending June 30—
$
$
$
$
Revenues for the year._.
30,541,073 28,582,212 32,856,406
Partly
Op. exp.,rent, taxes, &c_ estimated
23,193,966 25,179,215 26,532,196

163

INDUSTRIAL COMPANIES.
SUPPLEMENTARY—See also Tables 1S7 to 162.
ALBEMARLE A CHES. CANAL.—Chesapeake Bay to Albemarle Sound,
14 miles.
Stock, $558,000 ($100 shares).
Reorg. plan, V. 87, p. 168.
Outstanding bonds, $500,000 1st mtge. 4s, formerly 7s, due July 1909.
Non-cum. Income 3% debentures (Central Trust Co., N. Y.,
trustee),
$115,000 due July 1 1009, issued per plan V. 77, p. 351, for the funded
portion of int. on 1st mtge. bonds to date of maturity, and July 1902 cou¬
V. 77, p. 351.
pon canceled.
The Jan. and July 1909 coupons on the 1st
mtge. bonds being In default, a bondholders’ committee was formed, con¬
sisting of James M. Edwards of R. T. Wilson & Co., bankers, Chairman;
Henry T. Cutter and Rob’t L. Harrison, with a view to foreclosure and re¬
organization. V. 89, p. 44. On Feb. 3 1910 foreclosure suit was begun.
V. 90, p. 374.
See report V. 74, p. 92; V. 72, p. 1035.
In 1908-09, gross,
$31,571; net over operation and maintenance, $15,997. Pres., R. St. P.
Lowry.
Office, Norfolk, Va.—(V. 90, p. 374.)

BUTTE ELECTRIC & POWER CO.—ORGANIZATION.—Incorporated
light and power companies in Butte,
and vicinity.
Mont.,
See full statement July 1908, V. 87, p. 41; V. 86, p.
7,421,473
7,347,107
3,402,997
6,324,210
Ill;
V.
87,
p.
V.
547;
82,
394,
1441; V. 88, p. 1623.
2,990,591
2,739,436
p.
572,
1,714,571
4,868,096
3%
2H%
*1M%
5%
DIVIDENDS.—On pref., 1**% quarterly paid Nov. 1901 to Aug 1910.
1,732,250
1,732,250
1,732,250
On common, 1**% paid semi-an. March 15 1903 to Sept. 15
1,420,061
1905; Dec.
15 1905, 1%; In 1906 to Sept., 1%
guar.; Dec. 1906 to Sept. 1907, 1**%
Bal., sur. or deficlt__sur.2,698,632 sur.2,875,421
def.43,824
sur.36,053
quar.: in July 1908,1 **%; Oct., 1 **%; 1909, 6% (Q.-J.); 1910, Jan., 1 **%;
•
Also dividends for Dec. 1907 and March 1908 quarters, 1 ** % each, were
April, 1 **%; July. 1X%paid in scrip, amounting to $2,447,100.
BONDS.—Additional 1st 5s of 1901 may be Issued for 75% of cost of ex¬
tensions and Improvements.
Miles of Miles of No. of
Of the bonds $25,000 mature yearly to 1930,
lncl., $320,000 In 1931, and balance. Including further amounts Issuable,
Year.
Poles, &c.
Wire.
Offices. Messages.
Receipts.
Profits.
will mature in 1951.
V. 80, p. 713; V. 73, p. 139; V. 82, p. 1441; V*88,
1866-67
85,291
2,565
46,270
5,879,282 $6,568,925 $2,624,919
p. 1623.
Madison River guar, bonds are reserved for 80% of actual cost
1892-93
189,936
769,201 21,078 66,591,858 24.978,443
7,496,037 of extensions and Improvements.
V. 81, p. 615, 1045; V. 84, p. 511; V. 87,
208,477 1,359,430 23,853 62,371,287 28.582,212
3,402,997
p. 1482; V. 90, p. 113.
Montana Power Transmission 5s, V. 81, p. 615;
211.513 1,382,500 24,321 68,053,439 30,541.073
7,347,107
V. 69. p. 1251.
The Joint mtge. 6s of 1908 ($5,000,000 auth. Issue) are secured
DIRECTORS.—Robt. C. Clowry (Pres.), Geo. J. Gould (V.-P.), J. J.
by a flret
Slocum, Edwin Gould, Henry Walters, J. Pierrepont Morgan, Charles lien on the property of the Billings & Eastern Montana Power Co. and a
Lanier, Chauncey M. Depew, Henry M. Flagler, John Jacob Astor, Oliver refunding and extension mtge. on all present and future acquired property
of the Butte Electric & Power Co. and Madison River Power Co.
Ames, Jacob H. Schlff, James Stillman, John J. Mitchell, Henry A. Bishop,
They are
redeemable wholly or in part at the option of the cos. at 105% and int. on
Harris C. Fahnestock, Thos. H. Hubbard, Paul Morton, Robt. M. Gallaany
Int.
date
on
and
after
June
1
1013, unless previously converted, and
way, E. T. Jeffery, Theo. N. Vail, Henry S. Howe, John I. Waterbury,
convertible at par into the com. stock of the Butte Elec. & Pow. Co. at par
Edward J. Hall, Union N. Bethell, Harry B. Thayer, Henry P. Davison,
at the option of the holder at any time after Dec. 1 1910. In case of conver¬
Robert Winsor, Robert S. Lovett, Wm. H. Moore.
Office, 195 B’way, sion
the bonds will be redeemed at 105 and accrued Interest. V. 87,
N. Y.—(V. 89, p. 1546; V. 90, p. 241, 506, 564, 714, 981, 1107, 1558.)
p. 41.
REPORT.—For year ending Dec. 31 1909, gross, $1,656,269, against $1,WESTINGHOUSE AIR BRAKE.—ORGANIZATION, ETC.—A Penn¬
231,060 In 1908; net, $997,576, against $675,138; other Income, $6,007;
sylvania corporation. V. 67, p. 843, 1065; V. 77, p. 1307. In Oct. 1909 Int., $361,112; pref. dlv. (5%), $50,000; com.dlv. (6%), $210,000; bal.,sur.,
the Westinghouse Storage Battery Co. was
incorporated with $1,750,000 $382,471. V. 90, p. 561.
stock as an amalgamation of the storage battery department of the WestPres., C. W. Wetmore; Sec. and Treas., P. E. Blsland.
N. Y. office, 30
Broad St.—(V. 88, p. 1502, 1623; V. 89, p. 165; V. 90, p. 561.)
inghouse Machine Co. and General Storage Battery Co. In July 1898
$5,000,000 stock was distributed as a 100% stock dividend and In Jan. 1908
DETROIT MACKINAC & MARQUETTE RR. LAND GRANT—Interest
as a 25% stock dividend.
V. 85, p. 720, 867, 1522.
Is payable April and Oct. as earned at not exceeding 7% yearly;
outstanding,
$1,390,000; of the bonds, $1,339,000 purchased In 1903 to July 1905
DIVIDENDS.V'99. *00. ’01-’03. *04. *05. *06. ’07. ’08. ’09.
1910.
V. 77, p. 173, 1871, 2035, 2280; V. 79, p. 627; V. 76, p. 751.
Per cent
1 25
24
21
30
20 22** 20
14 11** To July, 16
From Oct. 1892 to Apr. 1902 2% interest was paid (1% each in A. & O.)
In stock
j
25
at Central Trust Co., N. Y.; In Apr. 1903 to Apr. 1906, both lncl., 3
**% '
each (A. & O.); Oct. 1906, 1%; 1907, none; 1908, April, 1%; Oct.,
In Jan. and April 1910, 5% (lncl. 1 **% extra and 1% special); July, 6%
none;
1909, April, none; Oct., 1%; (1910, April, none.
(incl. 1 **% extra and 2% special).
V. 83, p. 751, 818; V. 84,
As to litigation with N. Y. Air Brake Co., see V. 80, p. 2464.
In Aug. 1902 sale was arranged for about $1,250,000 of 1,000,000
Report for p. 803.
acres, reserving for the bonds mineral rights In Marquette County.
year end. July 31 1909 was in V. 89, p. 776, showing: Gross, $5,286,021;
This left
unsold Jan. 1 1010 180,717 acres,besides mineral rights on 96,284 acres
net profits, $1,920,557; divs. (10%), $1,374,481; bal., sur., $546,076.
N. Y. office. Ill B’way.—(V. 89, p. 1600; V. 90, p. 987, 1683.)
Statement for 1909 was in V. 90, p. 1489.—(V. 90, p. 1489.)
ELECTRIC BOAT CO.—ORGANIZATION.—Incorporated in New Jer¬
WESTINGHOUSE ELECTRIC & MANUFACTURING CO—ORGANI
sey on Feb. 25 1899 and acquired all of the capital stock of the Electric
ZATION.—A Pennsylvania corporation manufacturing appliances used foLaunch Co., the Holland Torpedo Boat Co. and the Electro-Dynamic Co.,
&c.
V. 69, p. 697.
electric-lighting and power purposes. V. 54, p. 763; V. 85, p. 156, 1458
Issued, com., $4,999,600; pref., 8% non-cum., $2,Owns exclusive rights to Tesla patents on alternating currents. V. 61,
637,500.
p. 25 ‘
Par, $100.
V. 69, p. 697.
Dlv. on com., 2%, paid Dec. 31
153. In Sept. 1898 purchased substantially entire capital stock and all but
1906 to 1909.
Div. on pref., 2% (Q.-J.), paid Oct. 1903 to July 1910 incl.
$850,000 of the $2,500,000 20-year bonds of Walker Co. V. 68, p. 87.
Pres., I. L. Rice: Sec., Maurice Barnett, 11 Pine St.—(V. 85, p. 1579.)
On Dec. 5 1908 the receivers appointed Oct. 23 1907 were discharged,
LA BELLE IRON WORKS.—ORGANIZATION.—Incorporated in West
the finances having been readjusted per modified plan (V. 86, p. 922; V. 87,
Virginia Dec. 3 1875.
Owns plant at Steubenville, O., embracing 2 blast
p. 101, 875), $6,431,950 assenting stock and $3,635,000 convertible bonds furnaces,
open-hearth steel plant having 10 50-ton furnaces, a continuous
being Issued to creditors in payment of Indebtedness and $6,312,000 of new
universal mill, an 84-Inch
plate mill, a 72-inch plate mill, 2 skelp mills,
assenting stock subscribed at par.
V. 87. p. 1531, 1538.
2 jobbing mills, 8 sheet mills, 2 lap-weld
pipe furnaces, 2 butt-weld pipe
furnaces, coal and ore lands; also plant at Wheeling, W. Va., embracing 2
SECURITIES.—The first pref. stock carries cum. divs. of 7% per
annum;
with the right to participate equally with other stock after the same
shal1 skelp mills and cut-nail factory. V. 77, p. 1228, 1535, 1749; V. 80, p.
have received 7%, and preferential as to principal.
1365; V. 83. p. 627.)
See pref. certificates in
editorial May 1893 issue.
Non-assenting stock outstanding. $600.
DIVIDENDS.—May 1905 to Nov. 1905 1**% quar.; Feb. 1006 to Nov.
The stockholders on Nov. 24 1908 authorized an increase in the
assenting 1909, 2% quar.; Dec. 31 1909, 2%: 1910, April 1, 2 **%; June30, 2**; pay¬
stock from $46,000,000 ot $56,000,000, in order to carry out the modified
ments to be Q.-J. hereafter. V. 89, p. 1545. Also Jan. 1907
8% in stock,
readjustment plan. V. 87, p. 1531, 1538; V. 88, p. 162.
and in Aug. 1908 33 1-3% in stock.
As to the deben. ctfs. of 1898, see V. 67, p. 324, 691, 1112;
BONDS.—Of the bonds, $100,000 are to be drawn yearly Dec. 1 at
sinking fund
par,
$150,000 yearly from 1900; certfs. to be drawn at 105.
beginning 1908; further amounts by lot at company’s option at 105.
The convert. 5s of 1906 are convertible into assenting stock at 200 after
Dollar Sav. & Trust Co. of Wheeling, W. Va., trustee.
V. 77, p. 1749.
1909, and subject to call after 1911 at 105.
Annual sink, fund, $500,000;
REPORT.—Report for year ending June 30 1909 in V. 89, p. 916. Net
see above.
V. 82, p. 222, 396, 755, 809; V. 87, p. 1538.
profits, $1,814,394; bond interest, $143,710; cash dividends (8%), $793,120;
The $4,000,000 3-year 6% coll, trust notes extended In 1910 are
bal.,
surplus, $877,564. Pres., Isaac M. Scott; Vice-Pres., W. D. Craw¬
subject
to call on any int. day at par and int. at 2% per ann. for the
unexpired por¬ ford: Sec., H. D. Westfall; Treas., R. C. Kirk. Office, Wheeling. W. Va.
tion of the term of the notes.
See V. 90, p. 1558; V. 91, p. 99; V. 8i, p. 44,
—(V. 87, p. 42. 1423, 1602; V. 89, p. 724, 916, 1545; V. 90, p. 562.)
104, 155, 289, 1458; V. 86. p. 233.
LACLEDE GAS LIGHT.—ORGANIZATION.—Incorporated in 1857
The collat. trust 10-year 5% notes of 1907 (of which $2,720,000 out¬
and In 1889 secured control of all the other gas companies in
St. Louis. Op¬
standing; denom. $1,000 or £205.153 each) are subject to redemption at erates under perpetual franchises. In June 1909
the $7,400,000 common
105 on any int. day since Oct. 1 1908 to Oct. 1 1912, lncl., or 102** after
stock held by the North American Co. was sold to a
syndicate.
V. 88.
that date.
They are secured by $2,027,027 5% 25-year Russian Westing¬ p. 1563: V. 76, p. 545, 922; V. 78, p. 1273; V. 80, p. 1000. The company
house Electric debentures, $1,447,876 5% 30-year French Westinghouse
proposes to reduce the price of gas Oct. 1 1910 or on passage of proper ordi¬
debentures and $322,000 Canadian Westinghouse stock.
nance.
V. 85, p. 227,
Arrangements had In July 1910 been practically concluded for
1458, and plan in V. 86, p. 233.
purchase and distribution of natural gas. V. 91, p. 156.
There are also 4, 5 and 6-year 5% notes, due Jan. 1913, 1914 and 1915,
STOCK.—Preferred, 5% cumulative, $2,500,000; common, $17,500,000
amounting to $1,286,400 and $103,750, due Jan, 1924,
authorized, outstanding, $8,500,000; par of shares. $100.
V. 78. p. 823.
DIVIDENDS
’05 to ’97. ’98. *99. ’00 to ’03. ’04 to ’08.1909/ 1010.
DIVS— *92 to‘99, ’00, '01, '02, *03, ’04 to Oct.
'07.’08. ’09.
1910.
7
Pref., 5% cum
8
5
5 yearly.
5 yearly.
5 June, 2**
Preferred % 7 yearly
7
8 Vg 10 yearly (Q-J) 0 5** To J’ly. 5**
Common (%)
0
7
7
3
3
4 yearly.
5 yearly.
6
To June,3
Assenting %
0
BONDS.—See
5**6**7
7** 10 yearly (Q-J) 0 0
application to Stock Exchange in V. 40, p. 657.
Of the refunding and extension 5s of 1904 ($20,000,000 authorized
On pref., 1 H% and 3 **% on account of accumulated
issue;
divs., paid Oct. 10
Bankers’ Trust Co. of N. Y. and Mississippi Valley Trust Co. of St.
1909; 1910, Jan., Apr. and July, 1 X%, leaving 8%% due.
Louis,
V. 89, p. 850.
trustees), $8,732,000 have been issued, $10,000,000 are reserved to refund
ANNUAL REPORT.—Fiscal year ends March 31.
Report for year end. the outstanding bonds due 1919 and $1,268,000 for not exceeding 85% of
March 31 1910 was in V. 90, p. 1672,
showing: Gross earns., $29,248,682; cost of future extensions and improvements. See V. 78, p. 1273, 1395; V.
net, $3,552,978; other inc., $1,616,562; int., taxes, deprec’n, &c., $2,108,79. p. 1644; V. 80. p. 470; V. 83. p. 1169.
876; bal., def., $3,060,664.
EARNINGS.—For 6 mos. ending June 30 1910, gross, $2,234,908; agst.
Bal. sheet Sept. 30 1908, before and after re¬
adjustment, V. 87, p. 1531.
$2,636,906 In 1909; net, $1,042,273, agst. $910,885; depreciation, $98,919;
Directors.—Class expiring in July 1913—Richard Delafleld, T. W. La- Interest and pref. dlv., $559,855; balance, surplus, $383,499.
mont, Anthony N. Brady and J. D. Callery; class expiring July 1910—
ANNUAL REPORT.—For year ending Dec. 31 1909, gross earnings,
A. G. Becker, George M. Verity, William
McConway and Charles A. Moore; $4,142,349; net, $1,741,508; Int. on bonds) $1,004,093; bal., sur.. $737,414:
class expiring July 1911—Charles F.
dlv.
on pref. (5%), $125,000: com. div.
Brooker, James S. Kuhn, Edwin F.
(6%),$510,000; bal.,sur.,$102,414.
Atkins and E. M. Herr; class
expiring July 1912—George Westinghouse, —(V. 90, p. 240, 376, 852; V. 91, p. 156.)
Robert Mather, Joseph W. Marsh and Albert H.
WIggin.
MADISON SQUARE QARDEN.—Owns in fee a block of land In N, Y.
OFFICERS.—Pres., George Westinghouse; Chairman of the Board, City and building thereon. Stock, $2,000,000 (par, $100). V. 87, p. 1302.
Robert Mather; V,-Ps., E. M. Herr, L. A. Osborne and Charles A.
BONDS.—$1,250,000 first 20-year gold 5s, due Nov. 11919, and $750,000
Terry;
Treas., T. W. Slemon; Sec., W. A. Esselstyn; Comptroller, J. C. Bennett. 2d gold 6s; last coupon paid on latter being that of May 1906. Mercantile
N. Y. office, 165
Broadway. Main office and works, E. Pittsburgh, Pa.— Trust Co. of N. Y., trustee. Second mtge. bondholders’committee: F. K.
(V. 89, p. 220. 415, 850, 1015; V. 90, p. 1558,
Sturgis and
; depositary, J. P. Morgan & Co.
1672; V. 91, p. 99.)
V. 65, p. 620.
DIRECTORS (Oct. 1906).—F. K. Sturgis, J.
Plerpont Morgan, D. O.
WESTINGHOUSE MACHINE CO.—ORGANIZATION, &c.—Incorpo- Mills, Charges Lanier, W. F. Wharton, James T. Woodward, Adrian Iselin
rated in Penn. In 1881: manufactures
Jr., James C. Young, Peter Cooper Hewitt and H. K. Knapp—(V. 67, p.
steam engines, steam turbines, gas
engines, gas producers, Le Blanc condensers and Reney mechanical stokers,
690; V. 68, p. 85; V. 71. p. 137; V. 87, p. 1302.)
under Westinghouse patents.
In 1906 purchased (V. 83, p. 1417) the
NEW YORK & QUEENS ELECTRIC LIGHT & POWER CO.—Supplies
borough of Queens outside of Rockaway. See V. 72, p. 1039. N. Y. &
p
*’
$1,400,000 5% s. f. bonds. V. 85, Queens
Gas Co. Is controlled by same interests.
V. 79, p. 2089, 2151.
the reorganization plan (V. 86, p. 113) there were authorized $7,.Under
STOCK.—Stock, com. and pref. 5% non-cum., $1,250,000 each, all
200,000 3-year 6% notes redeemable at
par (denominations $500 and multiIssued.
Par of shares, $100.
Div. on pref., 2**%, paid Dec. 1 1904: 1907
ples); issued, $6,473,000.
They are secured by deposit of about $8,470,000 to 1909, 5% (F. & A.); Dec. 1 1909, 1 2-3% (covering 4 mos.); 1910,
sink, fund 5s of 1932.
Mob.,*,
No dividends are to be paid on the stock until
pro¬
1**%
(quar.);
June,
1
**%.
vision has been made for payment of all
notes outstanding.
Short-term notes outstanding Mch. 1 1010, $250,000; bills payable,
deposited
The
bonds may be sold to retire the notes
entirely or pro rata.
$26,771.
Of the $1,500,000 5% gold debentures, $140,000 reserved to retire 6s
EARNINGS.—For 2 mos. ending Feb. 28 1910, gross, $117,402; net,
due 1911-14.
V. 69, p. 854, 802, 1252.
$65,838; interest, $22,461; Amortization, $16,208; bal., sur., $27,169. <For
.^?Pr«^aEe,ndlng
Mch*
31 1010’ net income, $875,845; int. and deprec’ft, calendar year 1909, gross, $585,996, gainst $503,173 in 1908; net, $317,086,
$446,278; bal., sur. $429,567. V. 90, p. 1559.
Bal. sheet of Oct. 23 1907 against $281,279; int. on bonds, $117,500; other int., &o., $20,159;; bal;,
***
106>
Pre8-. George Westinghouse; V.-P., H. T. Herr; sur., $179,427. V. 90, p.853.
».
r•
TYeas., T. L. Brown; Sec., T. S. Grubbs. Office and works, East Pitts¬
Henry R. Wilson, 1st V.-P.; H. L. Snyder, Sec. and Treas. Office, 246
burgh, Pa. Directors, V. 88, p. 569; V. 89, p. 1015.—(V. 90, p. 1559.)
Jackson Ave., Long Island City, N.|Y.—(V.|0O, p. 1175; V. 91, p. 157.)
in N. J. in 1901 as a consolidation of the

Remainder
Dividends paid
Dividend rate...
Interest on bonds

__

..

—

__

__

._

__

3

*^OSS-1V*?®

^96Ch had outstandin£

-




,

164

RAILWAY STOCKS AND BONDS.

NEW YORK & RICHMOND GAS CO.—ORGANIZATION. Ac.—
Incorp. in New York in 1901. V. 81. p. 687. Stock auth., $1,500,000;
outstanding; par, $100. Dividend Aug. 1905 to Aug. 1910 lncl., 2%y’ly
(F. 8b A.), and In Feb. 1910 1% extra. V. 90, p. 450.
Bonds, see table
on a preceding page.
Cal. year 1909, gross, $288,883; net, $159,482; bond Int., $73,920; bal.,
sur., $48,531.
Pres., Thos. O. Horton; Treas., Herbert M. Holmes; Sec.,
Edward B. Flellus.—(V. 87, p. 742; V. 88, p. 568; V.89,p. 596; V.90,p.450.
NEW YORK TRANSPORTATION CO.—ORGANIZATION.—Incor¬
porated In New Jersey on Feb. 21 1899. Stock authorized, $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 Ave. Coach, Metropolitan (leased in
1904 to American Express Co. for 16 years) and Park Carriage companies.
Pres., Richard W. Meade; Sec. and Treas., Wm. H. Palmer Jr.
For 8 mos.
ending Feb. 28 1910, gross, $511,992; net Income after taxes, $43,860. Year
ending June 30 1909, gross, $1,079,883; net Income, $109,847. Profit and
loss surplus Feb. 28 1910, $94,668.
Bal. sheet June 30 1909, V.90, p. 1175.
Office, 851 8th Ave., N. Y.—(V. 88, p. 56, 104; V. 90, p. 1105, 1175.)
NIAGARA FALLS POWER COMPANY (THE).—ORGANIZATION.—
Incorporated 1886 and has authority by special Acts of New York State to
use the waters of Niagara River and also to transmit any power, heat or light
developed from such water to practically any point in New York State. It
has 1,071 acres of land devoted to sites for manufacturers using Its power.
Tunnel first opened Jan. 1 1894.
Controls Niagara Junction Ry., which see;
Act of Congress June 1906, V. 83, p. 159; also Cat. Power & Conduit Co.,
V. 87, p. 222,1360; V. 88, p. 627; V. 89, p. 849; and Tonawanda Power Co.,

RAILROAD COMPANIES.

all

V. 88. p.629.

STOCK.—Authorized, $10,500,000; issued, $4,197,500; par, $100. Divi¬
dends, 2% each, paid April 25 and July 25 1910.
BONDS.—The 1st mtge. of 1891, $10,000,000, covers 1,071 acres In city
of Niagara Falls, tunnels, franchises, Ac.; also majority of stock of the Cata¬
ract Power A Conduit Co., Buffalo, and the Tonawanda Power Co., North
Tonawanda. N. Y.
The directors on Oct. 19 1909 authorized a mtge. to
secure $20,000,000 6% bonds, of which $9,076,000 to be used to refund the
outstanding debentures (of which $3,000,000 matured April 1 1910); re¬
mainder reserved for construction and acquisition of property on either side
of the Niagara River.
In Feb. 1910 permission was given to Issue $10,091,000 of the bonds, Including $9,076,000 for refunding the $3,000,000 6%
debs, due April 1 1910 and the $6,076,000 ser. A, B A C bonds, Canadian
collateral, which were offered the option of exchange. In May 1910 $7,540,000 of the debentures had accepted the offer. Stockholders subscribed
for $686,000 of the bonds at par for Improvements, y. 88, p. 1316; V. 90,
p. 240, 632, 1299.
REPORT.—For year ending Dec. 31 1909 In V. 90, p. 622, snowed:
Gross, $1,952,349; net, $1,521,051; other Income, $134,078; charges, taxes,
8bc., $1,200,635; balance, surplus $454,494.
Pres., Edward A. Wickes; V.-P. and Gen. Mgr., Philip P. Barton; Sec.,
Fred’k L. Lovelace; Treas. and Asst. Sec., W. Paxton Little.
New York
office, 15 Broad St.—(V. 90, p. 1557.) *
PROVIDENT LOAN SOCIETY OF NEW YORK.—Incorporated In New
York in 1894 under Special Act.
Operates 5 loaning offices in New York
City and 2 in Brooklyn. Certificates of contribution, $3,000,000. Divi¬
dends of 6% yearly nave been patd.
V. 84, p. 629. See applications
to list, V. 79, p. 2152; V. 80, p. 1182.
Report for year 1908. V. 88, p. 1126;
1909, V. 90, p. 703. Pres., Otto T. Bannard; V.-P., Frank Tucker; Treas.,
James Speyer; Sec., Mortimer L. Schlff; Asst. Sec., Frederick L. Leinlng.
Executive office, 346 Fourth Ave., N. Y.—(V. 90, p. 703.)

QUAKER OATS CO.—ORGANIZATION.—Incorporated in New Jersey
Sept. 20 1901. In Aug. 1906 the American Cereal Co. was merged;
V. 83, p. 321, 381; V. 84, p. 697.
Owns mills at Akron, O.: Chicago, Ill.;
Cedar Rapids, la.; • Peterborough, Ont., and Battle Creek, Mich.; also
leases other mills, V. 81, p. 778. Manufactures various cereal food products.
on

STOCK.—Stock was increased early in 1906 to $9,000,000 6% cum. pref.
and $4,500,000 com., the $1,600,000 Amer. Cereal bonds being retired
June 1 1906.
V. 83. p. 574. Pref. has no voting power (except as regards
increase of pref. stock) unless dividends are three months In default.
Of
the common stock $2,080,000 is held in trust until Nov. 11 1911 unless
earlier terminated by voting trustees, who are elected annually.
The stockholders voted March 111910 to increase the authorized common
stock from $4,500,000 to $5,500,000, to provide for improv’ts and add'ns,
$500,000 of the new stock being offered to common stockholders at par,
payable on or before July 15. v. 90, p. 506, 563.'
DIVIDENDS.—On pref. in full to Aug. 1910.
On com., 1 H% and H%
extra paid quarterly Oct. 1906 to Jan. 1910 and in April and July 1910
2% and M% extra.

Report.—Report for cal. year 1909, in V. 90, p. 558, showed: Profits,
$1,537,104; divs., $881,805; deprec’n, $162,027; bal., sur., $493,272.
OFFICERS.—Pres., Henry P. Crowell; Vlce-Pres., James H. Douglas:
Treas., Robert Stuart; Sec., Robert Gordon. Office, 1600 Railway Ex¬
change. Chicago, Ill.—(V. 90. p. 451, 502, 558. 563. 703.)
RHODE ISLAND-PERKINS HORSE SHOE COMPANY.—ORGANI¬
ZATION.—Manufactures horse shoes and toe calks at Valley Falls, R. I.,
V. 61. p. 1014. Common stock, $1,000,000.
6 miles from Providence.
DIVS

—

1 *93-*95. *96. *97. '§8. ’99-’01. TO-’OS. *06. *07 ’08 09.

1910.

Common, %) 10 yrly. 4H 0
0
0
0
0 __
0
Pref.. %..-J—7H yrly— 6& 5
4 yrly. 5 yrly. 7H 9 5 4 X To July. 3
Office, Providence, R. I.—(V. 84, p. 697; V. 86, p. 55.)

SPRING VALLEY WATER CO.. SAN FRANCISCO.—ORGANIZA¬
Sept. 24 1903, per plan V. 76, p. 216,977, to Spring Val¬
ley Water Works. V. 78, p. 827. Suit, V. 82, p. 574; V. 84, p. 577. In
Aug. 1906 an assessment of $3 a share was levied on the stock. V. 83, p.
327, 498. 704.
Municipal plant voted Nov. 1908. V. 87, p. 1360.
The offer to sell was rejected in Jan. 1910.
V. 90, p. 241, 113, 56.
Of the gen. gold 4s ($28,000,000 authorized issue; union Trust Co. of San
Francisco, trustee), $3,000,000 have been issued for improvements and to
take up $359,000 old water-works bonds.
In Dec. 1905 $13,975,000 were
sold to refund the $13,616,000 prior bonds Sept. 1 1906 and $525,000 for
Improvements. The remaining $10,500,000 are applicable for acquisitions
ana improvements equal in cost to at least 85% of value of bonds.
V. 78,
p. 992: V. 81, p. 1726; V. 82, p. 164; V. 87, p. 1482.
DIVIDENDS.—Reorganized company paid 21 cents per share Oct. 1903
Jan., April, July 1904 and Jan., April ana July 1905, 63 cents each; in Oct.
1904 and 1905, none; 1906, Jan. and April, 63 cents each; 1907, none;
TION.—Successor

1908, Dec. 23, $1; 1909, $2 (50c. Q.-J.); 1910, Mch., 50c.
REPORT.—Report for calendar year 1909 In V. 90, p. 1295, showed:
Total income, $2,770,975; net, $2,064,660; taxes and mlscel., $343,803;
bond int., $714,360; deprec’n and contingent funds, $380,000; divs. (2%),
$560,000; bal., sur., $66,497.
OFFICERS.—Pres,, W. B. Bourn; Sec., John E. Behan; Treas., Bank of
California.
Office, 375 Sutter St., San Francisco.—(V. 90, p. 1295.)
UNITED STATES REDUCTION ft REFINING CO.—Incorp. in N. J.
May 31 1901. Operates In Cripple Creek District, Col. V. 88, p. 747.

DIVID’S.—
1901. 1902. 1903. 1904. 1905.
1906 & 1907.
Since
Preferred (1st).% IX
6
6
None
1H
6 y’rly (1 Vi qu.) None
Common
3
3
None since
%
0
BONDS.—Of the bonds $995,000 of the $3,000,000 Issued had in Apr.
1910 been redeemed and were held alive in the sinking fund and $350,000
V. 81. p. 1855; V. 82, p. 165, 391; V. 74, p. 882.
canceled.
United States Smelting Co., whose stock and $325,000 of whose $600,000
bonds are owned, defaulted on Oct. 1909 coupons. V. 89, p. 1144; V. 90,
p. 695.
REPORT for year ending Dec. 31 1909 given in V. 90, p. 695, showed:
Net earnings, $189,790: charges, $159,000; bal., sur., $30,790.
Pres., J. D.
Hawkins; Sec. and Treas., Spencer Penrose
N. Y. office. Ill Broadway.

—(V. 89. p. 1144; V. 90. p. 506, 695.)
WELSBACH CO.—ORGANIZATION.—Incorporated in New Jersey
April 28 1900 as a consolidation, per plan V. 70, p. 898. United Gas Im¬
provement, it is understood, owns control.
STOCK.—-Common stock, $3,500,000.
The stockholders voted June 15
1910 to issue $2,000,000 7% non-participating pref. stock cumulative from
July 1 1910, with preference also as to assets, of which $1,225,000, under¬
written by the United Gas Impt. Co., was offered to stockholders pro rata

paid in Sept.); 1910, June, 2%.
REPORT.—For year ending April 30 1909, gross profits were $642,883;
interest and sinking fund. $431,965; charged off, $58,277; dividends (2%),
$70,000; bal., sur., $82,641. For year 1907-08, gross profits, $588,132.
Pres., Sidney Mason; Sec., W. F. Douthlrt; Treas., Lewis Lillie. Office,
N. W. corner Broad and Arch sts., Phila.—(V. 90, p. 1558, 1683.)




[Vo-. Lxxxxr.

SUPPLEMENTARY—See also Tables 7 to 136.
ALBANY ft NORTHERN RY.—Albany, Ga., to Cordele, 37 miles.
In February 1910 the Georgia Southwestern A Gulf acquired control.
V. 90, p. 503.
Stock, $350,000; par of shares, $100. Of the bonds,
$50,000 have a prior lien. See official statement, V. 76, p. 749. Car trusts
6s, $21,000, due $3,000 yearly to Nov. 1 1916 inclusive. Year ending
June 30 1909, gross, $79,699; net income, $12,761; int. on bonds, $21,458;
taxes and rentals, $4,532; bal., def., $13,229.
Pres, and Gen. Mgr., W. M.
Legg; Sec. and Treas., H. J. Bruton. Office, Albany, Ga.—(V. 90, p. 501.)
ARGENTINE CENTRAL RY.—(3-/2. gauge.)—Owns Silver Plume, Col.,
to summit of Mt. McClellan, 16 miles, at an elevation of 14,007 ft.
Stock,
$500,000, par of shares. $100. The Gray’s Peak Scenic Development Co.,
with $300,000 stock In $1 shares, on June 17 1909 acquired $300,000 of the
stock and will extend road to Gray’s Peak, 2 H miles, at an elevation of
14,441 ft. V. 88, p. 1497; V. 89. p. 40. Bonds. 6% ($200,000, all out¬
standing); Central Savs. Bank, Denver, trustee), are due Jan. 1 1926, but
subject to call in 1912 at 106 and int. V. 83, p. 1170; V. 88, p. 1312. Pres.,
D. W. Brown; V.-P. and Treas., Chas. M. Heberton.
Office, Denver.—
_

(V. 90, p. 1237.)

BURR’S FERRY BROWNDEL & CHESTER RY.—Owns from Rockland

,

to Turpentine, Tex., 11 miles,
opened about March 1907; extension under
construction from Turpentine to Browndel, 19 miles.
The line as projected
will run from Chester, in Tyler Co., Tex., east to Burr’s Ferry, about 80 m.,
and into timber forests In the direction of Alexandria, La.
Stock author¬
ized, $1,000 per mile; outstanding, $11,000. Bonds (Commonwealth Trust
Co. of St. Louis, trustee) are limited to $30,000 per mile.
The Texas RR.
Commission on Nov. 18 1907 approved the Issue of $165,000 bonds on 11
miles in operation.
V. 85, p. 1401, 1648.
Year ending June 30 1909, 11
miles, noss, $41,621; net (lncl. $2,043 “other” income), $21,038. Pres.,
John H. Kirby, Houston, Tex.—(V. 85, p. 1401,1648.)

CALGARY ft EDMONTON RY.—Owns Calgary, Canada, to Edmonton,

„

Canada, 191 miles, and to Fort McLeod, Canada, 104 miles.

In Feb. 1903 a new lease to the Canadian Pacific (which owns entire $1,000,000 stock) for 99 years was ratified, under which the 6% bonds (£1,121,700) Were exchanged for an equal amount of debenture stock, on which In¬
terest is guaranteed at 4%. At the termination of the lease the principal of
the bonds will be paid at par or a further lease entered into.
V. 76, p. 434;
V. 77, p. 1224.
See V. 80, p. 116.
CALIFORNIA-WESTERN RR- ft NAVIGATION CO —Owns Ft. Bragg
Cal., to Alpine, 27 m. Extension from Alpine to head of Noyo River, 9 m.;
thence to WiUits, 9 M m., to be beguii in 1910.
Stock auth., $1,000,000;
par, $100.
Mtge. covers also terminals, railroad wharf and 18.000 acres of
timber land.
Bonds are guaranteed, prln. and Int . by Union l umber Co.,
and redeemable at par on any interest day after July 1 1910.
Sinking fund
$5,000 yearly beginning 1911. V. 90, p. 625. Calendar year 1907. gross,
$254,470; net, $82,262; bond Int., $20,600; bal., sur., $61,662. Pros.,
Frank Trumbull.—(V. 90, p. 625.)
CAROLINA ft NORTHWESTERN RY.—Owns standard-gauge road,
Chester, S. C., to Lenoir, N. C.. 110 m. Controls Caldwell & Northern Lenoir
to Edgemont, N. C., 25 m. Reorg. in 1897 of Chester 6t Lenoir, foreclosed.
In Mch. 1900 nearly all stock was acquired by a syndicate. Stock author¬
ized, $1,000,000 each of com. and 4% non-cum. prof.; outstanding, Juy
1909, $854,250 com. and $550,000 prof, stock.
Of the 50-year 1st gold 5s
due July 11953 (Standard Trust Co. of New York, trustee), $1,500,000 were
used to retire all underlying bonds and $1,000,000 are applicable to exten¬
sions, new equipment, Ac. Year 1908-09 (110 m.), gross, $314,021; net,
tnoome (lncl. $143 “other”), $110,519; int., taxes, Ac., $99,428; bal., sur.
$11,091. Pres.. Wm. A. Barber. 165 Broadway, N. Y.—(V. 77. p. 348.)
CARTHAGE ft ADIRONDACK RY.—(See Maps N. Y. Central) —Owns
from Carthage to Newton Falls, N. Y., 46 m.
The entire stock, $500,000.
Is owned by the N. Y. Central RR., which in May 1893 leased the property
In perpetuity and guaranteed its $1,600,000 bonds, of which $500,000 were
for extensions, Ac.—(V. 57, p. 218.)
CARTHAGE WATERTOWN ft SACKETTS HARBOR RR.—(See Maps
N. Y. Central.1-—Owns from Carthage to Sackett’s Harbor, N. Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and guaran¬
tees the bonds.
Leased to R. W. A O. for 37of gross earnings. Rental
In cal. year 1906, $42,734. Capital stock, $465,000 com. and $21,500 pref.
CATASAUQUA ft FOGELSVILLE RR.—Catasauqua, Pa., to Rltten'

house Gap, Pa., 29.5 m.
Stock, $426,900 (par $25); $254,125 is owned by
Reading Co. Divs. paid In 1903-04. 7%; in 1904-05, 8%; in 1905-06, 8%;

in 1906-07,8%; 1908-09,8%. For yr. end. June 30 *08, muss, $196,418; net,
$110,031; deduc’ns, $38,098; divs., $34,152; sur., $37,782.—(V. 81, p. 149.)

CATSKILL MOUNTAIN RY.—Owns narrow-gauge road from CatskOl,
up the Catsklll Mountain, to Palenvllle, N. Y., 16 m.; leases Cairo RR.,
Cairo Jet. to Cairo, N. Y., 4 m.; 20 miles.
Stock, $89,000. There are also
second incomes tor $15,600,6%.
First incomes have one vote for each $100.
Div. on 1st incomes, 5.8281% Sept. 1906, the first since 1897; 1907,
2.91042%. V. 83, p. 817. EARNINGS.—Year ending June 30 1908,
gross, $73,634; net, $21,359; int., Ac.. $18,520.-(V. 83. p. 817.)
CAYUGA ft SUSQUEHANNA RR.—Owns from Susquehanna River to
Ithaca, N. Y., 34 m. Leased during length of charter and renewals thereof
Divs. paid
to the Delaware Lack. A Western at a rental of $54,600 a year.
are 9% yearly, with an-occasional extra amount: in 1904 9 Vi% was paid.

CENTRAL RR. OF PENNSYLVANIA.—Owns Bellefonte (Penn. RR.)
27.3 miles; branch,
For year 1908-09,

to Mill Hall, Pa. (Pa. Dlv. of N. Y. C. A H. R. RR.),
3.4 m.
Current liabilities June 30 1909, $718,854.

S088,
$24,662;par,
other
income,
charges,
$1,200,000;
$50.
Mgr.,$26,217;
,136.$81,107;
Stock, net,
Pres, $418;
and Gen.
W. H. def.,
Gep-

hart.—(V- 88, P- 1312.)
CHICAGO JOLIET ft KANSAS CITY RY.—Projected from Chicago, via
Joliet, to Kansas)City, Mo., 350 miles, with branches to Kelthsburg, Mo.»
Stock authorized, $15,000,000.
Ao.
Bonds authorized, $15,000,000 first
30-year gold 5s due March 1 1938, but subject to call after March 1 1913 at
105. V. 86, p. 1343.—(V. 86, p. 720, 1159, 1343; V. 87, p. 96.)
CORVALLIS ft EASTERN RR.—Owns Yaqulna to Hoover, Ore., 141
miles.
Land grant was 850,000 acres. In 1907 the Southern Padflc

Treaa.,John W. New kirk ;Sec., H. F. Connor. Office, Portland, Ore.(V. 84. p. 1427.)
DAYTON LEBANON ft CINCINNATI RAILROAD ft TERMINAL CO.
—Owns from Lebanon, O., to Lebanon Jet., 23 m.; Hempstead to Dayton
Union Station, 6 m., where terminal property Is owned; opened May 1910. Has
traffic arrangements with electric lines from Lebanon Jet. to Dayton, 7 m.,
and from Lebanon to Cincinnati for passenger traffic. Stock, $1,000,000.
Bonds auth., $300,000 (none sold Sept. 1909); are subj. to call June 1 1917
at 105; Cleveland Trust Co., trustee. V. 85, p: 1518. Pres., M. L. Sternberger. Jackson, O.; V.-P. and Treas., Frank Brandon, Lebanon, O.; Sec.,
H. S. Willard. Wellston. O.—(V. 88. p. 374.)
DELAWARE ft EASTERN RY.—To extend from Hancock, N. Y., on
Eric RR., to Schenectady, N. Y., 146 miles, with branch to Andes, 8 miles,
of which East Branch to Arkville, 38 miles, and 8 m. branch, in operation
Oct. 1909.
Right of way obtained from Arkville to Schenectady. Leases
for 999 years the Del. A East. RR., a consolidation May 1907, per plan
V. 84, p. 931, 1182.
On Feb. 25 1910 A. M. Moreland of Pittsburgh and
W. B. Trowbridge of New York were appointed receivers for the road and
its lessee, the Del. A East. RR., interest on the $1,000,000 Del. A East.
RR. bonds being in default since July 1908, owing to non-payment of
rental and the Del. A East. Ry. having a floating debt of $218,000, besides
$75,000 rental due the lessee and no interest on its bonds having ever been
paid. V. 90, p. 626.
In Mch. 1910 $30,000 6% receiver’s certfs. were
authorized having a first lien on the Del. A East. RR. and D. A E. Ry.
V. 90, p. 697.
Stock auth., $5,000,000, in $100 shares; outstanding,
$2,050,000. Of the 58 of 1907 ($6,500,000 auth. issue), $1,750,000 were
Issuable to take up the old bonds ($1,000,000) and stock ($600,000) of
Del. A East. RR.. and fund Its notes and floating debt; bal. to be used to
complete the proposed road. V. 88, p. 563. In July 1909 obtained per¬
mission to issue $4,750,000 5s of 1907, including under option $3,500,000
to an

English syndicate, and in Feb. 1910 to issue $400,000 additional bonds,
V.89, p. 162, 285, 721; V. 89,

of which $915,000 reported to be issued.
p. 1667; V. 90, p. 447, 626.
Pres., F.
(V. 90, p. 447. 559, 626, 697.)
-

F. Searing, 7 Wall St., N. Y.—

DUBUQUE ft SIOUX CITY RR.—(See Map of Illinois Central.))—Owns
Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 184 m.;

July, 1910.J

RAILWAY STOCKS AND BONDS

Manchester to Cedar Rapids, 42 m.; Onawa, Iowa, to Sioux Faiis, uanota,
155 m.; Cedar Falls to Minnesota State Line, 76 m.; Tara Station, near Ft.
Dodge. Ia., to Council Bluffs, 130 m.; total owned, 730 miles.
ORGANIZATION.—Controlled since April 1887 by the Illinois Central
RR., which owns nearly all the $15,000,000 stock and has Issued Its own
bonds on the road; the only D. & S. C. bonds held by the public are the Iowa
Falls A Sioux City 7s, $8,200,000.
Lease, V. 79, p. 1274.
DIVIDENDS.-—
if900. 1901. 190i. 1906 1907. 1908.
1909.
Since 1899
%/ 3
1H
1
4
1X
IX
Aug. 3X
—(V. 89. p. 470.)

GAINESVILLE MIDLAND RY.—Owns Gainesville, Ga., to Athens, 42
miles, standard gauge, and Belmont to Monroe, 32 miles, narrow gauge.
Organized July 5 1904. V. 79, p. 151, 269, 500, 627. Stock, all outstanding,
$550,000. Of the 1st 5s of 1905 ($1,000,000 authorized), $14,000 Is re¬
served to retire old 6s and $299,000 for extensions.
V. 81, p. 1848.
The
Savannah Trust Co. Is mortgage trustee.
V. 81, p. 1375, 1550.
Year
ending June 30 1909, gross, $160,801; net, $37,892; Interest and taxes.
$39,977; bal., def., $2,085. Pres., Geo. J. Baldwin.—(V. 81, p. 1848.)
GENESEE &.WYOMINO RR.—Retsof. N. Y., to Pittsburgh A Lehigh
Jet., 11 miles; Retsof Jet. to Greigville, 4 m.; branch, 2 m.; total, 16 miles.
Stock, $500,000; par of shares, $100. Dividends from Oct. 1899 to 1902
tncl., 5% yearly; 1903, 8%; 1904, 8%; 1905 to Oct. 1909, 4% yearly (semian.).
Year 1908-09, gross, $91,859; net, $37,998; other income, $35,000;
charges, $28,398. Pres., E. L. Fuller, Scranton, Pa.; Sec. and Treas.,
W. H. Barnard, 2 Rector St., N. Y.—(V. 76, p. 1248.)
GEORGIA MIDLAND RY.—Owns road from Columbus to McDonough,
Ga., 98 miles. Leased from July 1 1896 for 99 years to the Southern Rail¬
way Co. for $49,500 annual rental (being Interest on the 1st mtge. bonds,
Ac.) and $2,500 for Columbus terminal property.
Stock Is $1,000,000.
owned by Southern Ry. Co.—(V. 63. p. 361; V. 82. p. 751.)
GRAND RAPIDS & NORTHWESTERN RR.—To extend from Grand
Rapids, Mich., to Ludlngton, 95 miles. Stock, common. $2,500,000;
preif., 6% cum., $500,000; par, $100. Of the bonds ($5,000,000 author¬
ized issue), $1,000,000 Is reserved for extensions and
Improvements.
V. 86, p. 1529.
President, Marshall F. Butters; Treas., Geo. N.
Sec., Samuel Tapllff. Office, Ludlngton, Mich.—(V. 86, p. 1529.) Strays;
GREENWICH & JOHNSONVILLE RR.—Owns from Schuylerville, N.Y.,
to Johnsonvllle, N. Y., 21 m.; Salem branch, Greenwich northeast to
Rextelgh, 10 m., completed In 1908. Stock, $225,000, of which the Del. A
Hudson Co. owns $175,000, acquired in 1906.
V. 84, p. 626. Bonds, see
table above.
For year ending June 30 1909, gross, $113,305; net,
$53,142;
charges, $39,040; dlv. (4%). $9,000; bal., sur., $5,102. Pres., I. C.
Blandy. Office, Greenwich. N. Y.—(V. 86, p. 1224.)
GULF & INTER-STATE RY. OF TEXAS.—Port Bolivar, on Galveston
Bay to Beaumont, Tex., 70 miles. V. 78, p. 1167. Stock, $71,000. Bonds,
$1,029,600 1st 5s authorized; outstanding, $829,000, Issued in 1895.
For
year ending June 30 1909, gross, $162,267, against $96,945 In 1907-08; op.
def., $143,352, against def., $195,740.
Pres., L. P. Featherstone; V.-P.,
Chas. H. Moore; Sec., Geo. Sealy.—(V. 84, p. 1366.)
HOOSAC TUNNEL & WILMINGTON RR.—NARROW GAUGE.—
Hoosac Tunnel, Mass., to Wilmington, Vt., 25 miles. Stock, $250,000;
par,
$100.
Dividends: in 1903, 2%; year 1905-06, 3%; none since.
Earnings
for 1908-09, gross. $71,448; net. $25,308; bond lnt.,
$12,050; taxes, $1,845;
bal., sur., $11,413. Pres., John P. Kellas. Malone. N. Y.—(V. 79, p. 903.)
HOUSTON & BRAZOS VALLEY RR.—Owns Anchor to Velasco, Texas,
20 miles.
To be extended from Anchor, about 100 miles, with branch to
Houston. 20 miles. Controlled by B. F. Yoakum of St. Louis A San Fran¬
cisco RR. and associates.
Stock, $120,000.
Bonds, $200,000 1st 30-year
5s ($1,000 each), due July 1 1937, int.J.8sJ.; Mercantile Tr.
Co., St. Louis,
trustee.
For year 1907-08, gross. $23,900; net,‘ $831.—(V. 85,
p. 793.)
IDAHO SOUTHERN RR.—Owns from Gooding, Idaho, on Oregon Short
Line, to Jerome, 24 miles, opened Jan. 2 1909; under construction from
Jerome to Milner, 35 miles, and to be extended to Oakley, 25 miles.
To be
ultlmatelyfoperated by electricity. Stock $3,000,000, all out; par, $100
First lien 6% notes, $500,000 (Commonwealth Tr. Co.,
Pittsburgh, trus¬
tee), secured by 125% In first mtge. 5s (part of an authorized Issue of $3,000,000), mature $100,000 May 1 In 1912, $150,000 In 1913 and $250,000 In
1914.
V. 89. p. 778, 919.
Pres., W. S. Kuhn.—(V. 89. p. 919.)
INTEROCEANIC RY. OF MEXICO. LTD.—Vera Cruz to Mexico City,
Mex., 342 miles; Los Reyes to Puente de Ixtla, 123 miles; Los Arcos to
Ouautla, 102 m.; 3 branches, 30 m.; Mexican Eastern Ry. (V. 73, p. 1263).
139 miles; total, 736 miles.
Concessions end Feb. 1982, after which road
passes to the State at a valuation.
On Jan. 1 1909 took over under lease the Mexican Southern,
extending
from Puebla to Tecomavaca, 139 miles, and Tecomavaca to
Oaxaca, 89
miles, also owning Tehuacan-Esperanza Tramway, 32 miles, and 3 short
lines, from Jan. 1910 for the term of its concessions, the rental providing
4% dividends and sinking fund on the £746,720 debenture stock and any
further Issues up to £250,000, and dividends
payable half-yearly on the £1,000,000 common stock ranging from SX% In 1910 to 5)4% In 1917 and
6X% thereafter, and also a yearly sinking fund from Jan. 1 1918 sufficient
'to redeem the ordinary stock at
expiration of concessions June 8 1990.
Nat. Rys. of Mex. will assume lease
from Feb. 13 1982, when Interoceanic
Ry. concessions expire. V. 89, p. 225, 286, 1223, 1542.
Nat. Rys. of Mexico (which see) owns £1,038,450 of the 2d
debentures,
£1,255.330 ordinary and £244,800 pref. stock.
SECURITIES.—Ordinary shares, £1,700,000; par, £10. In Oct. 1908
the holders of the £1,000.000 7% cum.
pref. shares were allotted 140%
(£1,400,000) In new first 5% non-cum. pref. shares and par In 4% 2d pref.
shares in discharge of dividends to June 30 1907.
V. 87,
1160. The
£400,000 5% prior lien debentures were called June 11909p.and
£450.000
4% debenture stock sold.
V. 87, p. 1531, 1605
DIVIDENDS.—On *’B” debenture stock, from earnings or 1903-04,
6%;
1904-05, 4H%; 1905-06, 1906-07, 1907-08 and 1908-09, 7%. Old pref.
shares received 2% from earnings of 1905-06,
3)4% from those of 1907.
On 1st pref., 4)4% Dec. 1908; Dec. 1909,
5%; 1910, May 28, 2)4% (interim
payment).
On 2d pref., 1% Dec. 1909.
EARNINGS.—11 mos
os.,J 1909-10
Gross, $7,156,634; net, $2,557,446
July 1 to May 31L.
11908-09
Gross. 6,685,603; net, 2,285,842
REPORT for 1908-09 In V. 89,
p. 1594.
Gross.
Net.
Net in £.
1908-09
(Mex.) $6,718,728
(Mex.) $2.298,872
£234,719
1907-08
(Mex.) 7,701,105
(Mex.) 2,305,448
£235,402
Total net income, £238,503;
charges and lnt. on deb. stock, £125,557;
dlv. on “B” deb. stock (7%). $32,862; dlv. on
pref. shares (5%), $70,000:
dlv. on 2d pref. stock (1%), £10,000;
bal., sur., £84.
N. Y. office, 60
Wall St.—(V. 89, p. 225, 286, 1223,

1594. 1596.)

KINGSTON
)N & PEMBROKE RY.—Owns from Kingston, Ont., Can., to
Renfrew on the Canadian Pacific, 104
miles; branches,
9 miles.
Reorgan■■PH
Ized in 1899 per plan in V. 67,
p. 274.
Stock, $1,000,000 first pref. 5%
non-cum. .$150,000 2d pref. 3% and
$2,500,000 common. The Canadian
Pacific owhed on June 30 1909
$1,130,350 pref. and $1,889,175 common
stock. V. 77, p. 636, 1221. First dividend
on first pref., 1%, paid April 2
1901; none later reported.
Year 1907-08, gross, $217,423; net, $48,101;
oth. inc., $640; lnt. on bds.,
$17,160; bal., sur., $31,581.—(V.73, p. 1160.)

LANCASTER OXFORD & SOUTHERN RR.—Oxford, Pa., to Susque¬
hanna, 20 mUes, was rebuilt late In 1905.
Stock, $200,000; par, $100.
Bonds, see table.
Year ending June 30 1908, gross, $31,557; net, $11,465;
&c-» 411,099; bal., sur., $366. Pres., W. M. Franklin; Treas.,
J.
®.aH8^n:.Sec- J* B- Lone- Office, Lancaster, Pa.—(V. 81, p.1665.)
MAN1STEE & GRAND RAPIDS RR.—Manistee to Marion, Mich.,
73 m.; Flier City to
Sands, 2 m. Stock auth., $1,000,000; out., $450,000;
par of shares, $100.
Bonds outstanding last accounts, $265,000.
For
u ulic ov i908, gross, $79,693; def. under oper. exp., $6,505;
ojLivxms
total deductions, $33,345;
bal., def., $39,850.
Pres., H. W. Seaman;
Treas., B. C. Sammons.
Office, Manistee, Mich.—(V. 90, p. 1296.)
MANISTEE & NORTHEASTERN RR.—Owns from
Manistee, Mich., to
Traverse City, 71 m.; Solon to
Provemont, 15 m.; Platte River to Empire
m.; totai, 165 m.
Stock,
$2,000,000; out., $525,766.
Of the bonds ($1,500,000
auth.), $1,225,000 are outstanding, $40,000 ma¬
ture Jan. 1 yearly from 1912 to
1938,
the remaining $275,000 being reserved
for extensions and
improvements, the latter at not more than $100,000
plus Income,

and Interest
J8, p. 375, 823; V. 90, p. 1363.
For year ending Dec. 31 1909.
gross. $450,977; net after taxes, $99,094;
lnt. on bonds outstanding.
$55,633; bal.. sur., $43,461. Cal. year 1908,
gross. $430,252; net after taxes,
$105,809; lnt. on unfunded debt, $86,364;
betterments and additions, $14,504;
bal., sur., $4,940. Pres., Edw. Buckley, Manistee, Mich.—(V. 89. p. 1542; V 90,
p. 1363.)
„




^

-

.

MANISTIQUE

165

LAKE

&
SUPERIOR RR.—Manlstique, Mich., on Lake
Michigan, northerly to Shingleton, on the Duluth So. Shore A Atlantic.
40im., with branch to McNeil’s, 13 m.; V. 75, p. 185.
Operates car ferries
between Manlstique and Northport and Manlstique and
Ludlngton on Pere
Marquette RR. Successor July 1909 to Manlstique A Northern. Con¬
trolled by the same interests as the Ann Arbor and will be
managed in con¬
junction with that CO. V. 81, p. 975; V. 87, p. 97; V. 89, p. 470.
Stock,
$250,000. Bonds authorized, $1,300,000 25-year 4% non-cumulative
in¬
comes, dated Aug. 1 1909, Interest payable yearly If earned;
outstanding
$1,100,000.
Year ending June 30 1909, gross, $73,151; net, after taxes.
$2,009.—(V. 87, p. 97; V. 89, p. 411, 470.)
MANITOU & PIKE’S PEAK RY.—Manltou, Col., to summit of Pike’s
Peak. 8.9 miles, standard gauge.
Operated from April to November,
yearly. Stock, $500,000; par of shares, $100. In Oct. 1909 $500,000 20year 5s were Issued to replace old maturing bonds.
For year ending Nov. 30
1908, gross, $103,273; net, $53,853; other Income. $8,980; lnt. on
bonds,
$25,000; taxes, $2,656; bal., sur., $35,177.
Pres., C. W. Sells.
Office.
Manltou, Col.—(V. 89, p. 847.)
MARSHALL & EAST TEXAS RY.—Owns from Elyslan Fields, 18 miles
south of Marshall, Tex., on Texas A Pacific, to
Winnsboro, on the M. K. A
T., 91 miles
Stockholders voted May 15 1909 to increase the stock from
$75,000 to not
exceeding $250,000, and authorized an extension south to Newton, 125 m.,
of which 42 miles In progress In March 1909, 18 miles
being operated March
1910.
V. 88, p. 748, 1500.
Controlled by Interests represented by St. Louis Union Trust Co.
Sucessor to Texas Southern Ry., foreclosed
Aug. 4 1908. V. 87, p. 416, 481.
Stock outstanding, $200,000.
Bond issue being arranged July 1910. Year
ending June 30 1909, gross, $100,636; def. under oper. exp., $8,033. Pres.,
Albert T. Perkins, St. Louis, Mo.; V.-P. and Sec., Osce
Goodwin, Dallas,
Tex.; Treas., N. A. McMillan.—(V. 87, p. 544, 677; V. 88, p. 748, 1500.)
MARYLAND DELAWARE & VIRGINIA RY.—Operates Love Pt., Md„
to Lewes, Del., 73 miles; Queenstown Jet. to
Centerville, Md., 5 m.; total,
78 m., and Lewes to Rehoboth, 5 m., is trackage
over Del. M. A Vir.
Also
owns 14 steamers running between
Baltimore, Washington, points on the
Potomac River, the Rappahannock River, Patuxent River and
Norfolk.
Stock, $3,000,000, of which one-half each of common and 4% non-cum.
pref.; par of shares, $50 each; 4% ctfs. of Indebtedness, due Dec. 5 1909,
$57,000.
Penn. RR. and its subsidiaries own all the common and
about $300,000 pref. stock, the latter being held in
voting trust expiring
Jan. 1911, John F. Williams, Douglas H. Gordon and
John S.
being the voting trustees. Balt. Ches. A Atlantic owns a majority Gittings
of stock
and guarantees bonds.
In 1909, gross, $782,761; net, $93,364; other in¬
come. $2,439; charges, $111,725; bal.. def., $15,922.—(V. 89,
p. 593.)
MORELIA & TACAMBARO RY.—Projected from Irapuato. State of
Guanajuato, Mex., on the Mexican Central Ry., south to Ario, 225 miles.
Including 25 miles of side tracks, of which 55 miles from Guanajuato to
Puruandiro, was graded in March 1909 and several miles of track laid.
Concessions incl. $4,800 Mex. cur.
per. m., Ac. Stock, $6,000,000; par, $50.
Bonds ($5,000,000 authorized) issuable at $22,222
per mile; $1,200,000
were underwritten for first 55 miles.
V. 81, p. 726; V. 83, p. 562.
Fi¬
nanced by A. J. Peyton A Co., New York.
Pres., Edson J.
Ottawa; Gilbert E. Farquier, V.-P. and Gen. Mgr.; Jacob L.Chamberlain,
Greatslnger.
2d V.-P.; C. D. Knapp Jr., Sec.-Treas., Ill
B’way, N. Y.—(V. 83, p. 562.)
MUSKEGON GRAND RAPIDS & INDIANA RR.—Owns road, Grand
Rapids to Muskegon:, Mich., 37 m.: trackage, G. R. A Ind. at Grand Rapids,
3 miles.
Operated by G. R. A Ind. RR., which was foreclosed in 1896; ’
consideration, net earnings. Stock authorized, $350>000; par, $100; Issued,
$1,000. Coupon of July 1910 paid In July 1910. Earns, for year
ending
Dec. 31 1909, gross, $193,673; net over taxes,
$67,397; lnt. on bonds, Ac.,
$42,391; bal., sur., $25,006.—(V. 89, p. 919; V. 90, p. 110, 560.)
MUTUAL TERMINAL CO. OF BUFFALO.—Owns 5.22 acres of land
with 1,486 feet of frontage on the city
ship canal, wharves, freight house
and a steel and brick grain elevator, capacity 3,000,000
bushels; also all the
stock and bonds of the Mutual Transit Co.,
owning 12 steamers on the Great
Lakes and the Island RR.
Stock, $60,000, all owned by the N. Y. Cent.
& H. R. RR., Del. Lack. 8b West.,
Lehigh Valley and Erie, which each,
under agreement of Jan. 2 1905 as amended, guarantee
= to pay one-fourth
the Interest and sinking fund charges on the bonds
(the latter $200,000
yearly). Of the bonds ($5,000,000 total auth.), $777,000 are reserved for
future purposes. $804,000 having in Sept. 1909 been retired
by sinking
fund.
V. 89, p. 779.
Calendar year 1908, gross, $1,266,452; net Income (Ind.
$1,772 ’’other"),
$269,027; Interest. $142,475; bal., sur.. $126,552. Pres., Charles M. Heald;
Sec. and Treas.. L. D. Smith, 143 Liberty St.. N.
Y.—(V. 89, p. 779.)
NEW MEXICO CENTRAL RR.—Owns from Santa Fe, N. M.t south to
Torrance. 117 m.; opened Jan. 1 1905.
Name changed from Santa Fe
Central Ry. in Aug. 1908.
On Jan. 10 1910 C. C. Murphy of
Pittsburgh was
appointed receiver.
Foreclosure began June 1910 under 1st M. of 1901
and also under Albuquerque 8b Eastern
mtge.
V. 90, p. 168, 1554,
1677.
The Albuquerque 8b Eastern, merged In
Sept. 1908, which was to
build the extension, nas made a
mortgage to the Pittsburgh Trust Co.,
as trustee.
In May 1909 filed a
mortgage to secure $2,000,000 bonds
on Hagan coal fields.
In Oct. 1909 creditors, it was
reported, agreed
to waive claims and assist in
building extension to Albuquerque and Hagan
coal mines. V. 89, p. 72-1; V. 87, p.
545; V. 89, p. 1069; V. 90, p. 772. In
March 1910 new Interests were understood to be
negotiating to purchase the
road. V. 90, p. 772. Other allied lines, see V. 80,
p. 221.
Stock, $2,500,000, all outstanding. For year ending June 30 1909, gross,
$69,476; def. un¬
der operations, $17,094. Pres., Harrison
Nesblt, Pittsburgh, Pa.; V.-P.,
W. S. Hopewell; Treas., Charles C.
Murray; Sec., Francis J. Torrance.
Office, Santa Fe, N. M.—(V. 90, p. 167, 772, 1554, 1677.)
NEW JERSEY c& PENNSYLVANIA RR.—Whltehouse to
Morristown,
N. J.. 25 miles; extension of 1 mile to heart of Morristown
proposed. On
March 8 1910 receiver was discharged, V. 90,
p. 772.
Stock, $400,000.
Bonds authorized, $200,000.
Pres., Chas. N. Flint; Sec. and Treas.. Louis
E. Spencer.
Office, 63 Wall St., New York.—(V. 90, p. 772.)
NIAGARA JUNCTION RY.—A terminal and switching road extending
from Niagara Falls, N. Y., to Pletcher’s Corners, N.
Y., 5.15 miles; factory
sidings, 8.74 m. Stock, $160,000 com. and $140,000 8% cum. pref.;
all of
com. and all the outstanding pref.
being owned by Niagara Falls Power
Co.
Calendar year 1909, gross, $58,835; net, $35,928; other
Inc., $913;
lnt., taxes, 8bc., $13,219; bal., sur., $23,622. Pres., D. O. Mills; V.-P., Ed¬
ward A. Wlckes; Treas., W. Paxton Little.
Office, 15 Broad St., N. Y.
NORTHWESTERN COAL RY.—Allouez Bay, Wisconsin, to Allouez Jet.,
Wis., 2.53 miles, with coal wharf covering about 80 acres of land. V. 71,
p. 698.
Owned by the Pittsburgh Coal Co., which guarantees the bonds,
of which $220,000 are apportioned to the raliroad and
$574,000 to the coal
property.
See official statement, V. 71, p. 698.
Capital stock $1,000,000.
For year ending June 30 1908, gross, $17,224;
net, $273; other Income, $38,017; lnt., taxes, 8sc., $40,288; bal., def. for year, $17,201.—(V. 71,
p. 698.)

PHILADELPHIA HARRISBURG & PITTSBURGH
RR.—Harrisburg.
Pa., to Shlppensburg, on the Western Maryland RR., 47.64
m.; 2d track,
40.62 m.; 3d track, 4.87 m.; sidings and laterals, 10.88 m.
Leased Oct. 15
1890 for 999 years, at 5% on stock, lnt. on bonds, taxes and
expenses, to
Phlla. 8b Reading RR., which by endorsement on each
guar, the bonds, prin.
8b lnt. Lease assumed In 1896 by Phlla. 8b Read.
Ry. Stook, $2,000,000.
RAPID CITY BLACK HILLS & WESTERN RY.—Owns Rapid
City,
So. Dak., to Mystic, 35 miles.
Incorporated early In 1909 as successor
of Missouri River 8s Northwestern purchased at receiver’s sale
by
the
old
bondholders.
V. 88, p. 1254.
Stock authorized, com., $450,000, all out¬
standing; pref. 5% cum., $250,000, of which $233,000 pref.
outstanding;
par, $100.
Stock m 5-year voting trust.
Of the 1st 30-year 5s (total $750,000 auth.), redeemable at 105 on and after Nov. 1
1919, $350,000 have
been Issued; remainder reserved for extensions and
Improvements. Colum¬
bia Trust Co., N. Y., trustee.
Pres., Geo. E. Macomber, Augusta, Me.;
Sec., Charles E. Hoyt, South Norwalk, Conn.
STEPHENV1LLE NORTH & SOUTH TEXAS RR.—Owns StephenvlUe
Tex., to Hamilton, 43 miles
Stock, $43,300. In April 1910 the St. Louis
Southwestern acquired all the stock and will extend road to
Gatesville, 32
miles, branches being also proposed from StephenvlUe to Thurber, 26
mUes,
and from HamUton to Comanche, 35 mUes; the
outstanding $658,500 1st 5S
to be replaced by a new Issue, guar. prin. and lnt.;
additional guar, bonds
to be issued for extension and other purposes.
V. 90, p. 1045.
For year
ending June 30 1909, gross. $102,859; net, $45,342.—(V. 88. p. 565, 1103.)
TEXAS SHORT LINE RR.—Grand SaUne, Tex., to Hoyt, 9M m.
In Jan. 1909 a syndicate acquired aU the stock and bonds and proposed to
extend road.
V. 87, p. 1605; V. 88, p. 232.
Stock, $10,000. Bonds,
see table.
Year ending June 30 1907, across, $25,741. Pres., John B.Chris¬
tensen, Commonwealth Trust Bldg., St. Louis, Mo.—(V. 88, p. 159,232.)
TEXAS SOUTHEASTERN RR.—See V. 89, p. 529.

166
TIDEWATER &

RAILWAY STOCKS AND BONDS
WESTERN RR—Owns Bermuda to FarmvHle, Va.,

89 m.; branches, 3 m.
V. 81, p. 212. Stock authorized, $500,000; out¬
standing, $300,000; par, $100. Bonds (Virginia Trust Co., Richmond, Va.,
trustee), see table on a preceding page.
EARNINGS.—11 mos.,11909-10
Gross, $76,196; net, $9,894
July 1 to May 31.
11908-09
Gross, 68,481; net, 5,605
Year ending June 30 1909, gross, $74,362; net after taxes, $1,718; int.

charge, $12,377 (of which $377 paid); bal., def., $10,659. Pres., T. F.
Jeftress; Sec. and Treas., G. M. Wilson, Richmond. Va.—(V. 85, p. 865.)
TOLEDO SAGINAW & MUSKEGON RY.—From Muskegon, Mich., to
Ashley, Mich., 96 miles. The Grand Trunk of Canada owns the $1,600,000
stock; bonds have a traffic guaranty. V. 71, p. 85; V. 72, p. 338.
Year ending.
Net.
Gross.
Interest. Oth. Chgs.
Deficit.
June 30 1909...$128,160
op. def. $43,017
$83,100 $21,159 $147,276
—(V. 71. p. 31, 85.)
TOMBIGBEE VALLEY RR.—Silas, Ala., to’Nanahubhad Landing, on
the Tombigbee River, 62 miles; extension under construction from Silas
north to Butler, 25 miles.
Stock is limited to $10,000 per mile, all common;
$520,000 outstanding.
Of the 1st 5s of 1906, $1,000,000 are Issuable at
$5,000 per mile and the remaining $200,000 for equipment and terminals at
$1,000 per mile after earnings are more than double those at the time of
the making of the mtge.
In April 1906 $425,000 bonds had been sold.
V. 82, p. 806.
Of the general 6s of 1910 ($400,000 auth.), $216,000 have
been sold against the 62 miles completed and 10 miles northern extension.
V. 90, p. 978.
For 12 mos. ending June 30 1909, gross, $81,320, against
$62,158 in 1907-08; net, $28,133, against $16,048. For 11 mos. ending
May 31 1910, gross, $77,886, against $75,151 in 1908-09; net, $29,963,
against $25,632.
Pres., J. T. Cochrane; Sec., C. P. Duke, Fairfield, Ala.
—(V. 90, p. 978.)
TORONTO HAMILTON & BUFFALO RR.—Hamilton to Waterford,
Ont., 43 miles; Hamilton to Welland, 38 miles; branches, 7 miles.
(See
V. 62, p. 319.)
Under traffic agreement with N. Y. Central, Michigan
Central, Canada Southern and Canadian Pacific, interest is practically
guaranteed. See V. 68, p. 475, and advertisement in “Chronicle ’ of March
11 1899.
Of the $2,500,000 stock, $1,821,300 Is held by N. Y. Central
system and $678,700 by Canadian Pacific.
V. 61, p. 753; V. 63, p. 359: V.
68, p. 475,1134; V. 69, p. 29.
For year end. Dec. 31 1908. gross, $785,499;
net $210,180; int. and taxes. $187,529; bal., sur., $22,651.—(V. 79, p. 1705.)
TRANSYLVANIA RR.—Hendersonville to Lake Toxaway, N. C., 42
Leased to Southern Ry. for 50 years from Jan. 1 1906 at a rental
miles.
of $25,000 yearly for 10 years and $30,000 thereafter.
V. 83, p. 97.
Stock authorized. $420,000; par, $100; outstanding, $335,000.
V. 68, p.
926. Pres., E. B. Alsop, 1502 20th St. N. W., Washington; V.-P. and Gen.
Mgr., J. F Hays, Brevard, N. C ; Treas., A. K. Orr.—(V. 83, p. 97.)
TRAVERSE CITY LEELANAU St MANISTIQUE RR.—Owns Hatchs
to Northport, Mich., 24 miles; trackage Traverse City to Hatchs, 6 miles;
total, 30 miles.. A reorg. Sept. 19 1908.
V. 86, p. 975; V. 87, p. 814.
The Grand Rapids 8b Indiana owned $75,000 of the $278,000 bonds of the
old company.
Stock authorized, $278,000. No bonds Mch. 1910. For
year ending Dec. 31 1908, gross, $38,679; net, $7,317; charges, $9,569;
betterments, $3,490; bal., def., $5,742.—(V. 87, p. 814.)

TRAVERSE CITY RR.—Owns road from Walton to Traverse City,

Mich., 26 miles; opened in 1872. Leased in 1883 to Grand Rapids &
Indiana RR., but not Included in the reorganizaton of that company in
The Grand Rapids & Indiana has acquired nearly all the $205,000
1896.
stock and all the $190,000 of 5% income bonds; V. 78, p. 1448.
For
year ending Dec. 31 1909, gross, $80,769; net, $8,010; bona Int., $7,500

betterments, $2,341; bal., def., $1,831.—(V. 87,

p.

814.)

TREMONT & GULF RY.—Owns Tremont to Winnfield, La., 50 miles.
Dodson to New Rochelle, 27 miles; trackage, Jonesboro to Sikes, 20 miles;
total, 97 miles. Stock authorized, $5,000,000; outstanding, $2,000,000;
par $100.
Of the bonds ($5,000,000 auth. issue), redeemable in whole or
part on and after Feb. l 1918 at 105 and Interest, the $3,450,000 unissued
are reserved for extensions at not over $30,000 per mile, and for better¬
ments, improvements, Ac., under restrictions contained in the mtge.
V.
88, p. 1314.
Pres., W. H. Seaman; Sec., James Stanley Joyoe; Treas.,
A. P. Tugwell.
Office, 206 La Salle St., Chicago, and Winnfield, La.
(V. 88, p. 1063, 1314.)
—

TRINITY & BRAZOS VALLEY RY.—Owns Cleburne to Houston, Tex.,
Teague to Waxahachle, 67 m.; trackage rights, Cleburne to Fort
Worth, Tex., 28 miles; Houston to Galveston, 58 m., and from Waxahachie to Dallas, 31 m.
Total, operated 422 miles. V. 83, p. 695, 1172.
236 m.

The Colorado Southern and Rock

Island Co. each

own

half interest in stock

(the Rock Island's Interest being subject to the lien of the Colorado & South¬
mtges.), and the Colorado 8s Southern Ry. Co. and the Chicago Rock
I. 8s Pac. Ry. Co. have agreed to advance to the Trin. 8s Br. Val. any
necessary funds not otherwise provided for.
The Chic. R. I. 8s P. Ry. Co.
has also agreed to pay for, on May 1 1935 (date of maturity of Col. 8s Sou.
refunding and extension mtgef), one-half of the 1st mtge. bonds and other
securities of the Tr. 8s B. V. Ry.
V. 80, p. 1423, 2622; V. 82, p. 930, 986.
ern

Owns one-quarter interest in Houston Belt 8s Term. Ry. and practically
entire stock of Galveston Term. Ry.
Stock, $600,000; par, $100.
In Aug. 1905 made a new first mtge. to
secure 30-year 6% bonds due 1935 at $30,000 per mile, all to be deposited
as Issued under Col.
& South, refunding mortgage; outstanding June
1909, $8,760,000. Certs, of indebtedness to Col. 8s Southern June 30
1909, $1,443,956, to which was also due for construction advances, $160,474.
The 5% equipment bonds of 1907, subject to call at 101, mature $25,000

seml-anually, and are guar, jointly, p. 8s i., by the Col. 8s Sou. and Chic.
R. I & Pac. Ry.
V. 84, p. 509.—(V. 86. p. 287, 1161.)
UNAD1LLA VALLEY RY.—Owns road from Bridgewater to New
Berlin, N. Y., 19 miles. Stock, $200,000; par, $100. V. 78, p. 104.
Bonds, see table above; V. 78, p. 1499.
Lewis R. Morris is trustee.
Year ending June 30 1909, gross, $£1,112; net. $14,055; interest and taxes,
$10,059; balance, surplus, $3,996.
Pres., Lewis R. Morris. Office, 37
WaU Street, N. Y.—(V. 78, p. 1168.)
UNION SPRINGS & NORTHERN RY.—Owns Union Springs to Fort
Davis, Ala., 7^ miles.
In Dec. 1909 an extension from Fort Davis to
Rockford, 58 miles, was proposed, of which 20 miles from Fort Davis to
Mlllstead placed under contract Jan. 1910.
Stock $500,000 as Increased
March 1910.
Bonds are subject to call since May 1 1906 at 105; Interna¬
tional Trust Co. of Baltimore is mtge. trustee.
V 76, p. 753.
Year ending
June 30 1908, gross, $23,914; net, $5,889; charges, $5,855; bal., sur., $34
Pres., W. M. Blount, Union Springs, Ala —(V. 76, p. 753; V. 90, p.

772.j

UTICA CLINTON & BINGHAMTON RR.—Owns Utica, N. Y., to
Randallville, N. Y., 31 miles.
Leased during continuance of charter
and renewals thereof to Delaware 8b Hudson Compnay, which pays rental
of $61,500 per annum.
Operated by N. Y. Ontario 8b Western. The
street lines owned (10 miles) are leased to Utica & Mohawk Valley Ry.
for $15,000 per annum.
Capital stock, $849,285 (par $100), dividends
on $200,000 of which are guaranteed by Del. 8b Hudson at 5% per annum;
balance, variable—3 H% 1898 to 1910, incl.—(V. 88, p. 232, 376.) 1

VERA CRUZ & ISTHMUS RR.—Owns from Cordoba, on the Mexican
Ry., to Santa Lucretla, 203 miles, on the Tehuantepec National Ry„
by which connection is had with Sallna Cruz on Pacific Ocean, 114 miles
distant; also branch from Tlerra Blanca to Vera Cruz, on the Gulf of
Mexico, 62 miles, forming a through line from the Atlantic to the Pacific
Ocean; total, 265 miles. In Nov. 1909 contract was let for branch from
Rivas to San Andres Tuxtla, 44 miles; branch was also under construction
from Brlsbln to Cerro Colorado, 16 miles, to be extended 12 miles further.
Re-incorporated In July 1908 under the laws of Mexico; formerly known as
Vera Cruz 8b Pacific Ry.
Stock. $1,000,000 common,
V. 87, p. 39, 616
all owned by Mexican Govt., which guarantees bonds, prln. and Int.. bv
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.
Jointly guarantees Vera Cruz Terminal Co. deben¬
tures.
V. 87, p. 39.
For year end. Dec. 31 1907, gross earns. (Mexican cur¬
rency) were $1,143,100; net, $95,261.
Pres, and Gen. Mgr., Thomas Milan, Vera Cruz, Mex.; Asst. Treas. and
Asst. Sec.. L. S. Zimmerman. Baltimore.—(V. 87, p. 39, 227.)

VIRGINIA-CAROLINA

RY.—Abingdon, Va., to Virginia-Tennessee

State line, 17 miles; Beaver Dam RR., operated, State line to Crandull,
8 miles; total, 25 miles.
Extension proposed to Jefferson. 21 miles, stock
Bonds, $180,000 first gold
authorized, $1,000,000; outstanding, $400,000.

Is, due May 1 1950. Year ending June 30 1908, gross, $98,683; net. $41,616; charges, $19,144; dividends, $2,000; bal., sur., $20,512. Pres, and
Treas., W.B.Mlngea, Abingdon, Va.; Sec., C.W.Boice.—(V. 86, p. 1345.)




m

[VOL. LXXXXI

VIRGINIA St CAROLINA SOUTHERN RY.—Owns from Lumberton,

N C., north to Hope Mills, 27 m.; contract let Mch. 1910 for extension
from St. Pauls, N. C., to Elizabethtown, 30 m.
Stock auth., $40,000
Bonds ($2,000,000 auth.), V 86, p. 1345.
Pres., A. W. McLean, Lumberton, N. C.—(V. 86, p. 1345.)

VIRGINIA St SOUTHWESTERN RYOwns Bristol, Va., to coal fields
Charles, Va., and southerly to Iron mines at Mountain City,
Tenn., with branches, a total of 221 miles, including a 38-mile cut-off from
Moccasin Gap to Persia, Tenn.; leases Rogersville via Persia to Bull’s
Gap. Tenn.. from Jan. 1 1910; trackage, 51 miles; total mileage, 272 miles.
In July 1908 Southern Ry.
completed purchase of the $2,000,000 stock.
V. 87, p 98.
The Virginia Iron, Coal 8b Coke Co. guar, the 1st M. bonds,

around St.

S. 8b i.; V. 75, p. 348, 398, 736; V. 76, p. 273. Of the first consol. 50-year

s ($7,000,000 auth. issue), dated
April 1 1908, $2,000,000 are reserved to
retire the outstanding 1st M. bonds and $430,000 remain in the treasury.
V. 86, p. 1102, 1161, 1287; V. 87, p. 1606.
Car trusts, $120,000 5s due
$15,000 Dec. 1910 and $15,000 monthly from April to Oct. 1911.

EARNINGS.—12 mos.J1909-10
Gross, $1,196,194; net, $349,871
July 1 to June 30. (1008-09
Gross,
1,136,286; net, 362,632
Report for year ending June 30 1909 in V. 89, p. 1341, showed, gross,
$1,136,286; net, after taxes, $313,389; other income, $82,914; int., rents,
8bc., $282,341; Improvements, $15,545; bal., sur., $98,417.
In 1907-08,
gross, $1,062,500; net, $207,275.—(V. 88, p. 159; V. 89, p. 1282.)
WABASH CHESTER & WESTERN RR.—Chester, Ill., to Mt. Vernon,
Ill., 65 miles. Stock $1,250,000; par, $100. Coupons due July 1894
paid July 1896; none paid since. Year ending June 30 1908, gross, $123,244: net, $3,688; total deductions. $40,903: bal., def., $37,215.
WADLEY SOUTHERN RY.—Collins. Ga.. to Rockledge, 90 miles.
Allied with the Central of Georgia Ry., which owns all the $800,000 bonds,
deposited under its short-term notes. V. 83, p. 437; V. 85, p. 605. Stock,
$600,000; par, $100. For year ending June 30 1909, gross. $88,173; net.
Income (incl. $292 “other"), $4,637; taxes and rentals, $8,076; bal., def.
$3,439. Pres., H. P. Smart, Savannah.—(V. 83, p. 975.)
WARREN & CORSICANA PACIFIC RY.—Warren to Camp wood. Tex.,
20 miles.
Stock, $100,000; par, $100. S F. Carter and w. H. Norris,
receivers.
V. 80, p. 999; V. 87, p. 40.
For year ending June 30 1907,
gross, $48,221; net, $15,741; taxes. $493; bal., sur., $15,248.—(V. 87, p. 40.)
WARREN RR., N. J.—New Hampton Jet. to Dela. Bridge, N. J., 18.8
m. Leased in perpetuity to Dela. L. 8s W. at 7% on stock and interest
on bonds.
See form of guaranty, V. 72, p. 628.—(V. 80. p. 999.)
WASHINGTON & VANDEMERE.—Washington. N. C.. to Vandemere
on Pamlico Sound, 40 miles, completed Jan. 1909.
Majority of stock
owned by the Atlantic Coast Line RR., which guarantees the bonds, prin.
8b int. Bonds are issuable at $18,000 per mile, including $4,000 for equip.
V. 84, p 1249; form of guaranty., V. 85, p. 347.
WASHINGTON CENTRAL RY.—(See Maps Northern Pacific.)—Owns
road, Cheney to Coulee City, Wash., 109 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 50-year gold 4s, to be Issued at $15,000 per mile.
(See V. 66.
p. 953.)
Nor. Pac. owns entire $1,000,000 stock.—(V. 67, p. 691.)
WASHINGTON COUNTY RY.—Owns Washington Jet., on the Maine
Central RR., northeasterly to Calais, Me., 103 miles; branch to Eastport,
16 miles, and Princeton, 20 miles—total. 139 miles.
V. 77, p. 2340.
The Maine Central owns the $2,500,000 stock and guarantees the bonds,
principal and Interest, by endorsement, but road is operated independently.
Bonds are issuable at $20,000 per mile, being subject to call at par and
int. Jan. 1 1924.
For year end. June 30 1909, total oper. revenue, $483,733;
net over taxes, $114,413; other Income, $1,412; charges. $96,211; improve¬
ments. $40,789; bal., def., $21,175.—(V. 87, p. 679; V. 89, p. 722.)
WASHINGTON & FRANKLIN RY.—Hagerstown. Md.. to Quinsonia,
Pa., 14.37 miles; was built in 1898 and extended from Quinsonia to Zumbro, 5 m. Leased to Western Md. for int. on bonds and 5% on $150,000
stock.
Reading Tr. Co. is mtge. trustee.—V. 73, p. 392.
WEATHERFORD MINERAL WELLS St NORTHWESTERN RY.—
Owns Weatherford via Mineral Wells to Graford, Tex., 41 miles.
Stock,
$100,000. The Texas 8b Pacific guarantees the bonds ($1,354,000 auth¬
oriz'd issue), principal and interest, by endorsement.
V. 75, p. 908, 1356.
See form, V. 78, p. 344.
For year ending June 30 1909, gross, $153,161;
net, $69,141; charges, $52,773; bal., sur., $16,368.
Pres., G. J. Gould;
Sec. & Treas., J. W. Boot.—(V. 78, p. 344.)
WEST VIRGINIA & PITTSBURGH RR.—{See Map Balt. A Ohio.)—
Clarksburg, W. Va., to Rlchwood, W. Va., 120 miles, with branch, 6 miles;
also from Weston, via Buckhannon to Pickens, 50 miles; total, 176 miles.
Leased to reorganized B. 8b O. for 999 years from Sept. 1 1899, per plan in
V. 67, p. 1310, for 4% on the mtge., all except $10,000 bonds being stamped
with agreement reducing the interest from 5 to 4%; 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 B. 8b O. under its own Pitts. L. E. 8b W. Va.
System mtge. Mtge. covers road and equip, and 134,842 acres of timber,
coal and mineral lands in West Virginia.—(V. 71, p. 810.)
WHITE PASS St YUKON 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 ana Daw¬
son City and Caribou and Atiin.
V. 73, p. 443; V. 75, p. 1300. White
Horse copper mines branch, 16 m., building. 7 m. completed Jan. 1909.
SECURITIES.—Of the stock, £255,555 is reserved to retire a like
amount of debentures.
V. 72, p. 582; V. 74, p. 479.
The British Yukon
Ry., controlled, In 1908 filed a mortgage to secure bonds at not ex¬
ceeding £6,000 per mile for construction of White Horse Copper Mines
branch, 16 miles, the bonds being guaranteed, prln. and int., ana purchased
as part of the sink, fund for the redemption of the consolidated first mtge.
debentures.
V. 86, p. 1099, 1466; V. 88, p. 687.
DIVID’S.—
1901. 1903. 1904. 1905. 1906 to 1908. 1909.
1910.
Cash, per cent
10
2H
5
3H
5 yearly.
3
2
Stock, per cent
25
For year ending June 30 1909, total income, £89,168; charges, £63,035;
net profit, £26,133; deb. stock, 8cc., sink, fds., £18,163; dlvs., £27,500;
Total profit and loss surplus Dec. 31 1909, £12,270.
bal., def., £19,530.
__

__

--

Pres, of the local (subsidiary) companies, S. H. Graves, Macklnnon
Vancouver, B. C., Canada; Sec., F. C. Elliott.—(V. 88, p. 687.)

Bldg.,

WILMINGTON St NORTHERN RR.—{See Maps Reading System.)—

Owns Wilmington, Del., to Highs Jet., Pa., 72.14 miles; branches, 17 miles,
total owned, 89.05 m.
General mtge. bonds are reserved to retire 1st mtge.
at maturity.
The Reading Co. owns practically the entire $1,500,000 capi¬
tal stock, which is deposited under its coll trust mtge.
The road is leased
to the Phila. & Read. Ry. for 999 years from Feb. 1 1900 for Int. on bonds
and 3X% div. on stock, payable quar. (Q.-F. 15).—(V. 80, p. 1858.)

WINONA BRIDGE RAILWAY.—Owns bridge between Winona, Minn.,
1891. Leased for 30 years
to Chicago Burlington 8b Quincy and Green Bay 8b Western, the former.
and Buffalo, Wis., 1.03 miles; opened Sept. 1

It

was

reported, acquiring about two-thirds and the latter the balanoe of

$400,000 stock; par $100.
Year ending June 30 1908, net, $33,001;
on bonds, $19,200; taxes. $2,972; bal., sur., $10,829.—(V. 77, p. 252.
WISCONSIN & MICHIGAN RY.—Owns from Quinnesec, Mich., to Peshtigo, Wis., 78 miles; trackage, 8 m. In May 1904 logging railway Pembina.
Wis., westerly 42 m., was purchased. V. 78, p. 2013. From Peshtlgo cars
are taken by Lake Michigan Car Ferry Transportation Co. to Chicago.
Stock, $951,500; authorized June 1905 to be increased to $5,000,000; par,
value, $100; current liabilities June 30 1908, $1,771,990.
Last coupon on
first mtge. bonds paid was that maturing July 1 1898.
Of the bonds,
$905,000 first 5s ana $150,000 4s were included in the collateral turned over
to the Chicago banks in Jan. 1910 on settlement of the Walsh notes.
V. 90,
int.

taxes, 8bc.,
$81,106.other
Pres.,
J. P.
?.10,412;
169. interest,
Year 1907-08,
gross,$134,683;
$226,430;bal.,net,def.,$43:165;
Income,

Hopkins, Chicago.—(V. 90, p. 169, 304.)
WISCONSIN MINNESOTA & PACIFIC RR.—{See Map Chicago Grea*
Western.)—Red Wing, Minn., to Mankato, 95.7 miles; Red Wing to Osage*
la., 118.2 m.; branch to Clay Banks, 2.9 m.; Winona to Simpson, Mlnn.t

54.2 m^: total, 271 miles.
Stock, $5,893,400; all owned by the Chioago
Great western Ry., which company operates the road as a part of its system
under an agreement dated April 1 1901, running for 100 years, providing
that all net earnings above interest on bonds shall go to the Great Western,
to be held in trust for payment of future coupons.
This surplus on June 38
1908 amounted to $499,239.
V. 73, p. 566.
EARNINGS.—12 mos.,11908-09
Gross, $688,560; net, $193,369

July 1 to June 30.
J1908
Gross, 619,082; net, 154,481
REPORT.—In 1907-08, gross, $619,083; net Income, $181,152; int. and
taxes, $257,191; b(il., def., $76,039.—(V. 81, p. 213; V. 84. p. 694.)

July, 1910.J

BANKS,-TRUST COS., INSURANCE COS., ETC

NEW YORK AND BROOKLYN BANKS
Capital.

Surplus A

NEW YORK AND BROOKLYN TRUST
COMPANIES.

Dividends.

Surplus A

Companies.
Par

New York.

$

Aetna

100
100
Am. Exch— 100
Audubon.
100
Battery Park 100
Bowery a— 100
Bronx Bor.a. 100
Bronx
100
Bryant Parka 100
But. & Drov.
25
Century a— 100
Chase
100
Chatham.... 25
Chelsea Ex.a 100
Chemical.... 100
Citizens’ Cen. 100
100
City
Coal A Iron.. 100
Colonial a— 100
Columbia a_. 100
Commerce
100
n Copper .... 100
Corn Exch.a. 100
Cosmopoll’n a 100
East River.. 25
cEurop-Am a 100
100
Fidelity a
Fifth
100
Fifth Ave a.. 100
First
100
First Security 100
14th St a
100
Fourth
100
Gallatin
50
Garfield
too
German-Am a 75
German Ex.a 100
Germania a__ 100
Gotham
100
Greenwich a. 100
Hanover
100
Hung.-Am.a. 100
Imp. 4s Trad. 100
Intemat a
100
Irv. Nat. Ex. 100
Jefferson a
100
Liberty
100
Lincoln
100
Manhattan a. 50
Mkt. 4s Fult. 100

America

a—

Amount.

$
300.000
1,500.000
5.000.000
200,000
200,000
250,000
150.000
200,000

200^00

300,000
200,000
5.000,000
/450.000
200.000
3,000,000
2,550.000
25,000,000
1,000.000
400,000
300,000
25,000,000
2,000,000
3,000,000
100,000
250,000
Cl 00.000
200,000
250,000
100,000
10,000,000

10,000,000
1,000,000
5,000,000
1,000,000
1,000,000

750,000
200,000
200,000
200,000

profits

b Period

1909. 1908.

Latest

%
310,500 Q—J
8
8
2
July ’10.
&
5,787,100 J
J
26
26 July ’10.
13
4,194.600 MAN
10
10 May ’10.
5
50,500 Beg bus Novi 1909. V.89, p.1258
150,800 Beg bus Nov 1904. V.80, p.
99
819,000 Q—F
o37
12
8o
Aug ’10.
& D
58,000 J
20
50c J’ne 30 '10.10
212,900
4
July ’10.
124,800 Beg bus Sept 1907, V. 85, p. 575
J
A
153,300
J
6
6 July ’10.
3
141,500 Q—J
6
3 July ’10. 1*4
A
7,472,500 J
J
6
6 July '10.
3
1,037,900 Q—J
tal6
1016 July ’10.
4W
191,500
O—J
4
2
’10.
July
6,366,100 Bl-mo.
15
15 July *10. 2*4
1,644,200 Q-J
6
r7*4 July ’10. 1*4
30,741,600 MAN
10
10 May ’10.
5
373,200 Q—J
1/9
1/8 July ’10. 1*4
333,200
10
Q—J
<725 July ’10. 2*4
A
746,500 J
J
12
12 July ’10. 10s
15,893,100 Q—J
8
8 July ’10.
2
(n)
8
Q -F
Jan29’10
2
5,352,000 Q—F
16
r20
4
Aug ’10.
12,500
102,600 J
A
J
6
6 July '10.
3
20,800 Beg bus Sept 1907, V. 85, p. 696
167,000 MAN
6
6
3
May *10.
489,700 Q—J
12
12 July ’10.
3
2,070,500 Q—J
*225 Cl’60 July ’10.155e
19,855,600 Q—J
20
29 July ’10.
5
12
3 July ’10.
Q—J
3
332,500 F A A
6
Feb.
’10.
6*4
3

Q-J

A

A

O

Q—M
F

881,600 J

A
A

A
J

8
12
12
6
20

no
12
12
6
20
20

July ’10.

2
Apr ’10.
7
J’ne30’10. 3
3
Aug ’10.
July ’10.
10

1,010,000 MAN d22*4
May’1012 *4d
100,900 Beg.bus .Apr. ll’lO V. 90, p.1021
822,400 Q—F
10
10 Aug ’10. 2*4
11,707,400 Q—J
16
16 July ’10.
4
94,100 Beg bus Dec 1907, V. 85. n.1436
7,432,100 J A J
20
20 July ’10.
12
112,700
None
5 May ’08.
5
1,646,800 Q—J
8
8 July ’10.
2

500,000
3,000,000
200.000
1,500,000
500,000
2,000,000
500,000
530,400 J
A
J
10
10
4
July ’10.
1,000,000 2,717,700 Q—J
<25
125 July *10.
5
1,' 00,000 1,526,600 Q—F
8
(h) Aug ’10. 2*4
2,050,000 4,105,700 J
A
J
14
14 July ’10.
6
1,000,000 1,681,800 Q—J
12
10 July ’10.
3
nMech.&Met. 100 6,000,000 7,883,800 Q—F
3
May ’10.
n Mechanics’. 100
3,000,000
(n)
Q—J
12 Jan *10.
3
J33
Mercantile
100 3,000,000 2,656,300
Q—J
3 *4
2
July
*10. 1*4
Merch. Exch. 50
600,000
564,500 J
A J
6
6 July ’10.
3
Merchants’
50
2,000,000 1,762,000 J
A
J
7
7
July ’10. 3*4
Metropolis a. 100 1,000,000 2,089,800 Q—F
16
16
4
May '10.
Metrop’n a._ 100 2,000,000 1,428,800 Q—J
6
2
7H
July ’10.
Mt. Morris a. 100
250.000
313,200 Q—F
10
8 July ’10. 2*4
Mutual a.... 100
200,000
364,100 J
A
J
8
8 July ’10.
4
Nassau a
50
500,000
521,800 MAN
8
8
4
May ’10.
New Neth.a. 100
200,000
252,700 A A O
2*4
Apr *10. 2*4
New York
100 2,000,000 3,473,600 J
A J
14
14 July ’10.
7
N Y County. 100
500.000 1,604,700 J
A
J
40
40 July *10.
20
Night 4s Daya 100
200,000
208,700 Beg bus May 7 ’06 V.82, p.1016
19th Ward a. 100
300,000
360,500 Q—F
15
11 *4 Jan31’10. 1*4
Northern a.. 100
700,000
188,800
Pacific a.... 50
500,000
916,000 Q—F
10
10 Aug ’10.
2
Park
100 fc3.000.000 10,171,700
16
16 July ’10.
Q—J
4
People’s a
25
200,000
460,200 J
A J
10
10 July ’10.
5
Phenlx
20
1,000,000
703,800 J A J
6
6 July ’10.
4
Plaza a
100
100,000
440,000 J
A J
20
20 July ’10.
10
Prod. Ex_a__ 100 1.000,000
738,800 A A O
8
8
Apr ’10.
4
Publlca
ItH2 ■ <.«<»>
177,500 Began b uslne *s An ril 22 1908.
Reserve
100 1,200,000
619,200 J
A J
6
6 July ’10.
3
Royal a
100
100,000
45,900 J
A J
6
3
6 July ’10.
Seaboard
100
1,000,000 1,913,400 Q—J
10
8
3
July
’10.
Second
100 1,000.000 2,038,300
12
Q—J
rl5 July ’10.
3
Sherman
100
200.000
55,800 Beg bus Nov 1907. V.85, p.1184
State .a
100
1,000,000
808,500 J
A J
10
10 July ’10.
5
12th Ward a. 100
200.000
81,500 J
A
J
4
Dec. 31 ’09 2
5
23d Wtfrd a.. 100
200.000
114,000 F A A
6
61
Aue
’10.
3
Union Ex
100
1.000,000
924,000 J
A
10
J
4
10 J’ne30’10
Wash H.a
100
100,000
265,800 Q—J
4
2
July ’10.
West Slde.a. 100
200,000 1,023,400 J
A
J
12
12 July 10.
6
Yorkvllle a._ 100
100.000
449.400 J A D
20
16 July ’10.
10
....

undivided

Companies.

•

Capital.

..

..

N. Y.

.

t

Brooklyn.

Borougha

100
100
50
50
Coney isl’d a 100
First
100
uHome a
100
Homestead a 100
Manufac’rs’.. 80
Mechanics’ a. 50
Montauk a.. 100
Nassau
100
North Slde.a 100
People’s
100
Pros Park a__ 100
Ridgewood
100
Terminal a.. 100
•Union.a
100

Broadway a.
Brooklyn a..

-...

_

...

200.000
200,000
300,000
300.000
100,000
300,000
100,000
200,000
252,000
1,000.000
100,000
750,000
200,000
200,000
100,000
100,000
100,000

1,000,000

(0
J
A
J None None July ’07.
3
504,600 Q—J
14
14
4
July ’10.
86,300 J
A J None None July ’07. 3*4
580,400 J A J
14
7
14 July ’10.
45,200 Beg bus Augl 0 ’09. V. 89, p. 387
594,600 Q—J
2
None July ’10.
2
(u)
None
2
Q—J
2 Jan ’08.
57,200
None
2
2
Aug ’08.
802,400 Q—J
18 *4
14 July ’10.
5
775,400 J
A J
12
6
12 July ’10.
63,900 J
A J
2
2
2
July ’10.
984,800 Q—J
12
12 July ’10.
3
135,400 J
A J
6
3
P6 July ’10.
121,400
2
July ’10.
56,100
6 July ’10. 1*4
Q—J
r7*4
26,100
May27’10. 2
2,100 Beg btiS Dec 1905, V.81, p.1766
503,700 Resume d bus Augl 7’08 See note®

State bank,
b June 30 1910 for national and
June 30 1910 for State
banks, c Capital to be Increased to
$200,000 and name changed ttf Securltv
Bank; V. 87, p. 1213; V. 88, p. 135.
d Extra dividends of 2 *4% each paid
In Nov. 1909 and
May 1910. e Special dividends were paid as follows;
130% July 1 1910, 125% July 1 1909,
160% July 1 1908, 150% Julyl 1907.
/Proposition to Increase capital to
$600,000 ratified In Jan. 1910; V. 90,
p. 145; V. 89, p. 1574.
g Dividend In 1908 was on old
capital of $100,000.
h Paid In 1908, 8% In
Feb. on old capital ($500,000) and
6% (2% quarterly)
on new capital
($1,000,000). i Extra dividends were paid as follows: 10%
Jan. 1910 and 5% each In
Jan. 1909 and 1908.
j A special dividend of 21%
was paid In Dec. 1909 In
connection with the merger of Mechanics’ National
and National Copper
banks,
fc Stockholders voted
May 10 1910 to Increase
capital to $5,000,000; V. 90, p.
1276, 892.
I Also 100% stock dividend paid
Oct. 1 1908; V. 86, p. 788.
n Mechanics’ National
and National Copper
banks consolidated under name
of Mechanics A Metals National Bank,
with $6,000,000
capital; V.90, p. 346; V. 89, p. 1633, 1390, 1197.
o Extra
payments as follows: 5% each
Aug. 1, May 1 and Feb. 1 1910 and Nov. 1
20 ^
1 1909. p Also stock dividend of 100% paid Sept. 1
389’ Y. 86* P*
87, p* 454,
r Increase due to change in
dividend period,
s Extra
dividend of 4% paid July 1 1910. t Sus¬
pended business April 7 1910; V.
90, p. 951.
u Home Bank merged Into
the People’s Trust Co.
March 1 1910; V. 90, p. 599, 480.
v Suspended busl5
Y. 90, p. 951, 1021.
w State tax Is paid
by stockholders,
which reduces the dividend to
about 13% per annum,
y, Capital Increased
In July 1909 from
$500,000, a cash dividend of 100% being declared out of
surplus to apply as payment toward
new stock; V. 89, p. 140.
z Payable

Astor

Amount.

July 30 '10

$

$

$

City.

Bankers’

Broadway
Carnegie
Central
Columbia
Commercial
Com’nwealth.
.

Empire
Equitable
Farm.L.ATr.

Fidelity
Fulton
ftGuar.Tr.N Y
Guardian
Hudson
Knlckerb’k’r
Law .T.I. AT.
Lincoln

Manhattan
Mercantile

__

Metropolitan

Mut. Alliance
N.Y.Lf.I. ATr.
New York

Savoy
Standard
Title Gu. ATr.
Tr. Co. of Am
Union
U. S. M. A Tr
United States
Van Norden.

Washington

.

Windsor

Brooklyn.

.j

j




Period. 1909.

100
1,250,000
804,300 Q—F
100 3.000.000 6,131,200
Q-J
100
700,000
446,700 Q—F
100
1,500,000
820,300 m ’thly
100 3,000,000 15,946,700 Q—J
100
1,000,000 1,569,900 Q— M
100
500,000
295,000 Beg bus
100
250,000
«?)
Beg bus
100 1,000,000
1,138,800 Q—J
100 3,000,000 10,852,700
Q—M
25
1,000,000 6,290,900 Q—F
100
750,000
934,500 J A D
100
500,000
790,900 J
A
J
100
5,000,000 20,839,100 Q—M
100
500,000
507,200 Beg bus
100
500,000
A
684,500 J
J
100 *3,181.000 5,720,500 Q—M
100 4,000,000
6,191,900 Q—J
100 1,000,000
568,500 Q—M
30
1,000,000 2,235,300 J
A
J
100
2,000,000 7,066,800 Q—J
100 2,000,000 7,913,000 Q—M
100
700,000
377,300 J
A J
100
1,000,000 3,914,900 J
A D
100 3,000,000 11,068,400 Q—M
100
500,000
A
82,000 J
J
100
1,000,000 1,368,000 Q—M
100
4,375,000 10,176,900 Q—M
100 2,000,000 6,490,600 Q—J
100
1,000,000 7,737,300 Q—J
100
2,000,000 4,366,500 Q—M
100 2,000,000 13,733,300 J
A J
100
1,000,000 1,002,400 Q—J
100
500,000 1,282,900 Q—J
100 1,000,000
A D
503,600 J

Brooklyn

100
Citizens*
100
Flatbush
100
Franklin
100
Hamilton
100
Home
100
Kings County 100
L. I. L. A Tr. 100
Nassau
100
100
sPeople’s
Williamsburg 100

*

1,000,000
500,000
300,000
1,500,000
500,000
750,000
500,000
1,000,000
600,000
1,000,000
700.000

1908 Last paid.

6
066

12

1*4 No
8

i<

6
<80

p259
8

Nov

Apr
7
19
40
b7
10
r20

1909

%

Aug ’10.
July ’10.
Aug
June
July
J’ne

2
4

*10. 1 *4
’10.2-3n
'10.
9
30’10. 2

1906.
*02 V. 74, p. 657
07 July ’10. 2*4
18 J’ne 30’10. 6
40
Aug ’10.12*4
3 July ’10.
3

1

10
r20

July ’10.

12
45
24
d4

July ’10.

7

J’ne 30’1C 8r
Aug 1902, V. 75, p. 422
6
None July ’10.
3
None None J’ne30’10
3
12
all
July '10.
3
None None Sept ’07.
3
12
30
24

None

/45
32

.

6

J’ne30’10 10
J’ne 30’10. 6
Jan ’08.
4d
J’ne 10.
20
J’ne30’10
8

/45
32

None None July ’07.
14
10 J’ne30’10
20
16 J’ne30’10
2 J’ne30’10.2
9*4

2
4
5

.

50
24
50
12
14
6

50
20
50
CIO
14
6

*4

July ’10.12*4
J’ne30’10

6

July ’10.

25

Dec31’09.

1
3
3

July ’10.
J’ne29’09

2,350,300 Q—J
20
20
168,600 MAS
5
273,300 J
A
J
8
8
A D
884,300 J
8
11*4
1,063,800 Q—F
10
10
326,800 J
A
J None None
2,052,100 Q—F
14
12
1,992,600 Q—J
12
12
#
434,600 Q—F
8
1,625,500 M’thly.
12
12
87,400 Q—J
None None

July ’10.

5

Mch ’10.

2*4

July ’10.

4
4
3
2
4
3
2
1
2

J’ne30’10

Aug
July
Aug
July
Aug
July

’10.
’07.
’10.
’10.
’10.
’10.

Oct

’07.

Decrease due to change In dividend period,
b 1% extra paid Dec. 31
c Extra dividend of
1909.
2% paid In Dec. 1908; also 25% In stock of the
Nineteenth Ward Bank on Dec. 31 1908.
d Stock dividend of 40% de¬
clared from surplus In Sept. 1908,
increasing capital from $500,000; V. 87,
p. 849, 655.
e Authorized capital Is
$3,200,000; see V. 90, p. 747, 536, 347.
/ Extra 5% paid In both Dec. 1908 and 1909.
g Stock dividend of 50%
paid Nov. 16 1908; V. 87, p. 911, 985.
h Fifth Avenue and Morton Trust
companies merged Into the Guaranty Trust Co. in Jan. 1910; V. 90,
p. 279,
210, 83.
i Including 1903 and lsnce, paid 20% extra In
May each year,
making 80% p. a. on old capital of $1,000,000.
n Declared 4% In Dec.
1909, payable in monthly Installments,
o Includes a special cash dividend
of 50%.
p Capital Increased In 1909 from $1,000,000 to
$3,000,000 and a
special cash dividend of $200 paid June 15 1909; V.
88, p. 1290, 1411.
r The 8% paid March 31
and June 30 1910 Is on $5,000,000 stock of con¬
solidated company; the 20% paid In 1909 and 1908 on old
company’s $2,000,000 stock,
s Home Bank merged Into the
People’s Trust Co. on March
1 1910; V. 90, p. 599, 480.
t Also declared 9% extra payable May 2 1910.
NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES.
a

Capital.

Companies.

Par

City of New York
Commonwealth...

$

Amount.

Net Surp.
Dec. 31
1909.

$

$

!

Dividends.
1909. 1908. 1907. Last paid

.

%

100
500,000
545,746
7*4
July’10. 2*4
100
500.000 1,034,511
10
10
10 July’10.
5
Continental
100 c2.000,000 cl2 267166
55
45
45 July’10.
20
Empire City,
100
200,000
203,419
8
8
7
4
July’10.
a Fidelity-Phenlx 100
2,500,000 C2,202,711 See
Note a
German- Alliance 100
12
400,000
630,830
12
12 July’10. 7*4
German-Amer
100 1,500,000
30
30
7,940,211
30 July’10.
15
Germania
50 1,000,000 2,008,419
15
12
12
9
July’10.'
Hamilton
15
200,004
18,410 None None None Jan ’04.
3
Hanover
50
1,000,000 1,252,594
10
10
10 July’10. 7*4
Home
100 3,000,000 11,182,837
25
20
20 July’10.
15
Nassau
50
200,000
10
10
219,298
10 July’10.
5
Niagara
50
750,000 2,294,500
20
20
20
10
July’10.
North River
25
350,000
10
453,744
10
10
5
Apr’10.
Pacific
25
200,000
12
6
374,072
12
7
July’10.
Peter Cooper
20
13 ,311
150,000
6
6
10 Aug ’10.
3
Stuyvesant
100
400,000
8
3
328,108
10*4
5
July’10.
United States
25
None
250,000
None None Jan ’04.
128,234
3
Westchester
10
300,000 1,431,780
30
30
30
Aug '10.
20
Williamsburg Cy.
250,000
20
790,522
20
20 July’10.
10
_

_

_

__

.

_

_

_

5°,

a

Fidelity and Phenlx Insurance companies consolidated In Jan.

cAs of

July 1 1910.
GAS

1910.

COMPANIES—SEE ALSO MISCELLANEOUS.

Companies.

Par. Securities Interest

afloat.

a

I an9

Dividends paid in 1908 and
and also last dividend.

on

Par

*

....

profits

market val.

$

5,650,700
2,497,700
1,177,000
700,700

167

$

cBIngh (NY) 1st M 5s_- 1,000

period.

Dividends and Interest.
1909. 1908.

a

Date.

%

$
750,000 A

A O
5
5
April 1 1938
91.000 A A O
5
5
1 1954
Oct
100 2,750,000
Aug 1 ’10, 1
Pref. cum, $6,000,000
100 5.500,000 Q—J
5
5 July 1 *10. H
Colum Gas lstM,g.,5s 1,000 1,500,000 J
A J
5
5 J A J 1st 1932
Con Gas (NJ) Stock
100 1,000.000 Mostly owne d by Am.Lt.A IT.
Cons M, 5s, gold
c 1,000
976.000 J A J
5
5
Jan
1 1936
L Br Ltg 1st M, 6S-- 1,000
15,000 J
A J
6
6
Jan
15 1914
Indianapolis Gas
50 2,000,000
None None July3. 1900 2
Q—J
1st M. 5s, $7,500,000g t .000 4,250,000 A
A O
5
5
Oct
1 1952
djack (Mich) Gas Stock100
600,000 Owned by
Mich Light CO.
1st M, 5s, gold
1,000
5
310,000 A A O
5
April 1 1937
cMadlson (Wls) G A E-.
100
400,000 Owned by A mer
Light A Trac
1st M, 6s, gold
1 .000
400,000 A A O
6
6
April 1 1926
Deb, scrip, gold, 6 % 25 Ac
100,000 AAO 10
6
6
V. 71, p. 392
Minneapolis G L, Stock
50
A
800,000 J
J
8
8 July 1909,
4
1st M 5s.$10,000,000- 1,000 5,490,0 0
5
MAS
5
Nov
1 1930
Municipal Gas (Alb,NY)
100 2 ,000,000
O
10
10
Aug *10. 2 *4
cSt Jos (Mo) 1st M, 5s-_ 1 .000 1.000.000 J
5
A J
5
July
1 1937
cSt P (Minn) G L Stock100 2.500,000 Owned
by A mer. LIghtATrac.
1st M, 6s, currency..- 1,000
650,000 J
A J
6
6
July
1 1915
Consol M 6s
1,000
A J
6
600,000 J
6
July
1 1918
Gen M. 5s, gold
5
1,000 3,439,000 MAS
5
Mch
1 1944
Washington (DC) G L-_
20 2,600,000
*3
10
10
O
Aug *10. 2*4
Reg 6s, ext at 4%, g._ Var.
4
A J
4
600,000 J
1927-1929
Certs of Indebt, 6%_. Var 2,600,000 J
A D
6
6
June 1 1923

GenMg5s$2,500,000op

Colum Gas A F

com

.

1,000

-

1

1

a This column shows last dlv. on stocks and
maturity on bonds,
e Con¬
trolled
Amer. Lt. A Tr. by ownership of entire capital stocrk.
The St#
PaulGa
t.Co. authorized increase In capital to$2,500,000; V. 82. d. 3M,
d Control!*
by Mich. Lt. Co which owns entire stock; V. 80 p. 654.

168
/

FVERSZ & COMBMSY
BANKERS

Negotiate and Issue Loans for Rail*
roads and Established Corporations.
Buy and sell Bonds suitable for
Investment.

CHICAGO

206 LA SALLE ST.

A

STREET

RAILROAD,
AND

ELECTRIC

RAILWAY,
&

LIGHT

GAS

POWER

CO.

BONDS BOUGHT, SOLD AND APPRAISED
CORRESPONDENCE

N.

W.

SOLICITED

HALSEY

&

CO.,

BANKERS

NewJYork.




Chicago.

Philadelphia.

N. W.

HARRIS <fc CO
BANKERS

PINE STREET,

CORNER WILLIAM

NEW YORK
35 Federal St

Receive

178 Devonshire St
BOSTON

deposits subject

allow interest

on

balances.

to

check and

Acts

as

fiscal

and corpora¬

agents

for

tions.

Issue letters of credit and deal in

municipalities

BONDS FOR INVESTMENT
LIST ON APPLICATION

San Francisco,

COLUMBIA
TRUST
COMPANY

$1,000,000
Surplus and Profits,
1,500,000
Capital,

-

-

WILLARD V.
WILLIAM H. NICHOLS, Vice-President
LANGLEY W. WIGGIN, Secretary
PARK

135 BROADWAY
NEW YORK CITY

KING, President
HOWARD BAYNE, Vice-Pres. & Treasurer.
FRED. C. MARSTON, Assistant Secretary.
GEORGE E. WARREN, Trust Officer

TERRELL, Manager Municipal Dept.

The Company transacts a general deposit business,
allowing as favorable rates of interest on accounts as
conservatism will permit.
Special rates on time certificates of deposit. To each of our depositors having a check
account is sent a MONTHLY STATEMENT, showing in detail all
deposits received and checks paid, the amount of
interest credited and the balance at the end of the month.
With| the statements are enclosed the canceled
checks for the month.

DIRECTORS
JOHN D. BARRETT

*A. B. HEPBURN
President Chase National Bank
WILLARD V. KING
President of the Company

Johnson & Higgins, Insurance

SAMUEL O. BAYNE
President Seaboard National Bank

AUGUSTUS G. PAINE
President New York ds Penn. Co.
WM. R. PETERS
Peters, White & Co., Chemicals

O. HERMANN KINNICUT
Kissel, Klnnlcutt & Co., Bankers
ANTHONY R. KUSER
Pres.fSouthfJersey Gas, El. & Trac. Co.
JOHN R. McGINLEY
Manufacturer, Pittsburgh, Pa.
CHARLES F. MATHEWSON
Krauthoff, Harmon & Mathewson, Attorneys
‘GEO. BARCLAY MOFFAT
Moffat & White, Bankers
WILLIAM H. NICHOLS
Chairman, General Chemical Co.

ROBERT S. BRADLEY
Chairman Amer. Agricultural Chemical Co.

‘FREDERICK H. EATON

President Am. Car & Foundry Co.

JAMES M. GIFFORD
Gifford, Hobbs & Beard, Attorneys

‘HENRY GOLDMAN
Goldman, Sachs & Co., Bankers
WILLIAM N. HARTE,

Treas. Title Ins. Co. of New York

‘

CLARENCE W. SEAMANS

President Union Typewriter Co.

HERMANN SIELCKEN

Crossman db Slelcken, Merchants

‘FREDERICK STRAUSS

„

J. & W. Sellgman & Co., Bankers

ARTHUR TURNBULL
Post & Flagg, Bankers
MICHAEL M. VAN BEUREN
Van Beuren & Jesup, Bankers

Member of the Executive Committee.

INDEPENDENT OF THE CONTROL OF ANY SINGLE INTEREST

WILLIAM A. MASON & CO.
BANKERS,
CHICAGO
MONADNOCK BLDG.

BOSTON
85 DEVONSHIRE STREET

INVESTMENT SECURITIES
MUNICIPAL, RAILROAD, STREET RAILWAY,




AND

POWER

COMPANY

GAS, ELECTRIC

BONDS

T. W. STEPHENS & GO.
BANKERS
2 WALL STREET

-

-

-

-

NEW YORK

Investment Bonds
INTEREST ALLOWED ON ACCOUNTS OF CORPORATIONS, FIRMS
AND INDIVIDUALS, SUBJECT TO CHECK AT SIGHT

LIGHT




Wm. A. Read & Co
Bankers
Members JTew

York, Chicago and Boston Stock Exchanges

Investment Securities
List of

current

offerings

on

application

Commission Orders executed in all the

principal markets
Deposits received and interest allowed
balances subject to draft at sight

25 Nassau Street,
BOSTON
19

Congress St.

-

on

New York

BALTIMORE

CHICAGO

203 East German St.

240 La Salle St.

LONDON
5

Lothbury, E. C.