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RAILWAY AND INDUSTRIAL
S E C T IO N
OF TH E
C
o m m e r c ia l
& f
iw a w c ia l
^
h r o n ic l e ,
C o p y r ig h te d In 1 9 1 3 a c co r d in g to A c t o f C o n g re ss, b y W I L L I A M B . D A N A C O M P A N Y , In o ffic e o f L ib r a r ia n o f C o n g r e ss, W a s h in g t o n . D . C .
Vol. 96.
R a il w a y
NEW YORK, JUNE 28, 1913.
and
I n d u s t r ia l
S e c t io n .
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C O M P A R A T IV E COST OF S T E A M A N D ELECTRIC
RAILROAD OPERATION.
Projects for the electrification of steam trunk lines
in several instances are taking more or less definite
shape and in two or three arc so far materializing
that practical work has begun and in both the East
and West another year or two may show considerable
mileage operated by electricity. Recent develop
ment has come in rather an unexpected quarter.
Success of the locomotive builder in the construction
of high-powered engines capable of moving heavy
trains against severe grades in and out of New York
led to their adaptation to mountain divisions of great
railroads where the proximity of water or coal mines
brought the generation of the electric current within
the range of commercial use. The high estimate
formed of the original electric locomotives of the
Pennsylvania and the New' York Central railroads
from their satisfactory performances was enhanced
when it was found that their maintenance and repair
costs compared favorably with that of their steamdriven competitors. Studies of the trans-Alpine
tunnel operation and the achievements of the Swiss
and Italian engineers have given further stimulus.
Engineers in America arc steadily pursuing in
quiries into the practicability of carrying out the
general electrification of trunk lines. Financial
stringency and unfavorable conditions of the money
market for raising capital to invest in a new field
have not daunted them. While the general prin
ciples of electrification were settled and accepted
some years ago, discussion has now come down to
details of cost in operation, manufacturing statistics
No. 2505.
of rolling stock and supply of power. Accounts of
the proceedings of the professional societies con
cerned in transportation all over the country show
the keenness with which the subject is debated in
all its phases. Two papers presented at the technical
session of the annual meeting of the American Insti
tute of Electrical Engineers illustrate particularly
the approach to a general agreement on the lines
which the electrification of steam roads is following.
Supplementing each other, the exhaustive analysis
of the factors to be considered, made in the papers
of Mr. H. M. Hobart and Mr. Charles P. Kahler, is
instructive for directors of steam railroads no less
than for the professional engineer and superintendents
of railroad operation.
During the last twelvemonth nothing is clearer in
the changing situation than the removal of an objec
tion that previously blocked the way. Railway
presidents need no longer turn aside from the proposal
to electrify their roads because of the large capital
outlay associated with the manufacture and trans
mission of electricity, should this initial burden fall
upon the railroads themselves.
It is hardly too much to say that Mr. Samuel
Insull’s illuminating address to the American Insti
tute of Electrical Engineers in the spring of last year
on Central Station Generation in its relation to rail
way electrification drove home to many doubting
minds the possibilities of purchasing the necessary
supply of electricity so as to avoid the handicap of
putting down a costly plant for the sole use of the
railroad.
Electricity can in many instances be profitably
sold at a price, delivered to the sub-stations, of less
than one cent per kilowatt hour. This has altered
the conditions to such an extent that the railroad
manager, in investigating the comparative costs of
steam and electric operation, has to deal only with
the relatively small outlay to be incurred for sub
stations for electric operation and for the distribution,
and can pay more attention to the relatively large
capital outlay for electric locomotives and electrical
equipment of motor car trains.
Local conditions must, of course, decide whether
a railroad should install its own generating plant or
purchase the necessary power for the electrification
from a central station company, so reducing the
necessary heavy investment. The engineers con
cerned in the electrification of the Alleghany division
of the Norfolk & Western Railway have decided
against the purchase of electric supply from a local
company. But in this case the character of the road
as a coal carrier, with supplies of this fuel of its own
close at hand, gives it an advantage which makes
4
R A ILW A Y AND IN DU STRIAL SECTION.
desirable the manufacture of its own electricity. In
other cases there may be close competition with rival
railroads in a particular centre and the purchase of
power from a central station might be held to be
subject to risks that could be avoided by a railroad
through the possession of its own plant absolutely
under its own control.
The conclusions reached by the two writers, based
on independent methods of estimates, coincide very
closely. M r. Hobart found his comparisons of the
relative cost of steam and electric operation in the
*pase of the Butte Anaconda & Pacific Railway,
which is electrifying 90 miles of track with the 2,400
volt system. This is one of the mountain grade
divisions of main line railways on which it is estim
ated that such large operating economies can be
affected by the substitution of electric locomotives
for steam as to defray in a very few years the initial
outlays for sub-stations, for feeders and contact
conductors and for electric locomotives. This result
is mainly due to the very low cost at which the hydro
electric supply company can sell electricity for
operating synchronous motors in the sub-stations.
The Great Falls Power Company’s rate for the elec
tric operations of the Chicago Milwaukee & Puget
Sound Railway’s section within its sphere is 0.536
cent per kilowatt hour. The intermittent operation
of a few freight trains, causing a fluctuation in the
load of about 2,000 kilowatts, is not a factor of
serious consequence, although 5,000,000 tons of ore
have to be transmitted annually over a distance of
some 26 miles. A single 5,000 k.w. turbo-generator
is capable of turning out in the course of a year the
quantity of electricity consumed at the two sub
stations in moving this traffic. The chief expense
will then be incurred in the equipment of 17 loco
motives (15 freight and 2 passenger) each weighing
80 tons. The locomotive, it may be noted, is
directly responsible for from 30 to 40 per cent of the
operating expenses of a steam railroad. Mr. Hobart,
after a careful comparison of the respective costs for
fuel, electricity, repairs, wages, engine-house expenses,
lubricants and stores, calculates that the operating
expenses in cents per locomotive mile will be 108.7
for the steam locomotive, as against 103.3 for the
electric locomotive. By another standard of meas
urement he estimates that the operating costs of the
steam locomotive per mile will be 14.7 cents per 100
tons behind the drawbar, while the operating costs
of the electric locomotive will be 11.6 cents per 100
tons behind the drawbar, a difference of three cents
per mile in favor of the electric locomotive.
_
Mr. Kahler, approaching the subject with experi
ence of operation on a big Western trunkline, outlines
the steam railroad conditions prevailing on such
roads. His survey is no less comprehensive in its
scope than is its companion paper. It demonstrates
from actual experience in a similar way that the
operation of large electric locomotives has shown that
they can in some ways handle railroad traffic more
advantageously than steam locomotives and that
they are as reliable in operation for long-distance
traffic. The many recent improvements in the
steam locomotive are in a great measure due to the
struggle for existence which, it was early seen, was
bound to come, owing to the saving in operation
costs and other advantages anticipated Irom electric
traction. But, notwithstanding the economies ef
fected and extra power developed through super
heating, better firing and improved design, the
Mallet, Mikado and Consolidation types of engines
have disadvantages imposed by their boiler and
weight proportionate to the development of extra
power, besides the handicap of carrying their coal
burden, that plainly indicate that their capacity and
size have practically reached their limit for present
standards of trackage. The average speed of freight
trains is about 15 or 16 miles an hour, and at this
rate the present tractive power of the steam and
electric locomotives is held to be equal.
Above
[Vol. XCVI.
this speed the steam locomotive can exert the higher
tractive effort while below it the electric locomotive
can draw the greater weight and the more efficiently.
In handling the traffic of a steam trunk railroad
Mr. Kahler concludes that an electric freight loco
motive can usually haul much heavier trains than
the steam locomotive over the undulating grades
customary on most steam roads.
Applying his formulas to the case of a single-track
railroad built through a semi-arid western region,
with a length of 467 miles, divided into three divisions
respectively 167, 160 and 140 miles long, Mr. Kahler
infers that the road could handle the same amount
of traffic with fewer electric locomotives by half,
and with 15 per cent less ton mileage than are needed
for steam operation. The same volume of traffic,
he considers, could be moved with about 25 per cent
less train mileage and locomotive mileage than when
operated by steam. For the electric operation of
this particular road he estimates that only ten
electric passenger locomotives would be required as
against 28 in the steam equipment, the electric
locomotives, however, being supplemented by 14
motor cars, 43 electric freight locomotives, compared
with 96 steam, and 11 switching electric locomotives,
as against 16 steam. The motor cars would be used
for the local passenger train services.
As a general guide to the cost of electrification M r.
Kahler’s final estimate may here be given. He
reckons that the 465-mile installation and equipment
would cost $9,972,000, from which $2,012,000 might
be deducted as credit for the old steam equipment.
On account of the saving in operating expenses the
return on the investment might be estimated at
about $940,000, or 11.8%, so that if money could
be obtained at five per cent interest, a profit of 6.8%
would be left to a railroad. The summarized com
parison of transportation and operating expenses
on which this annual saving might be effected by
the substitution of electric for steam powor shows a
reduction of no less than $408,638 in the mainten
ance of equipment and of $683,613 in transportation
expense. The subsidiary revenue to be derived by a
more frequent local passenger service on motor cars
may further be taken into consideration. The
accumulation of such engineering experience as we
already have gives sure promise that while many
dark clouds overhang the general railway situation
the practical operators of the trunk lines them
selves are steadily and diligently preparing for a great
development in electrification as soon as the prospect
clears for the furnishing of ways and means.
E X T E N S I O N OF S T E A M R O A D E L E C T R IF IC A T IO N I N E U R O P E .
A survey of the whole electrification field in Europe
is needed for the mind to grasp the significance of the
developments affected or impending in the operation
of railroads. By the time of the next meeting of
the International Railway Congress in 1915, when
the details are gathered together in the aggregate, it
is probable that the transformation accomplished
will surprise by its magnitude and universal charac
ter. The impetus has been gathering force. Other
reasons, political, economical and social, besides the
natural evolution of the professional science of trans
portation, are combining to bring about increased and
improved systems of railroad communication which,
when looked at in perspective at the distance of a
sufficient period of time, may make these early
years of the century stand out distinctly as an epoch
of astonishingly rapid change.
t
Manchuria’s “ trains de luxe” have little to learn
in the way of equipment, maintenance and operation
from the trans-continental trains of America and
Europe. On the re-arrangement of the political
boundaries of the Balkan States and the establish
ment of new through routes to the East by way of
Asia Minor, capital will find profitable employment in
the construction of railways of the most modern
J u n e , 1 9 ) 3 .]
R AILW A Y AND IN DU STRIAL SECTION.
type for which coal and electricity, whether con one of the first English roads to electrify its suburban
jointly or in a more or less co-operative manner, and Tyneside divisions, contracting for its supply
are destined to be the prime agents. Electricity of electric power. After eighteen months consider
ation it has now decided to begin the electrification
has been picturesquely termed the “ white coal
of the Alps, the Apennines and the mountain ranges of larger portions of its main and trunk lines in its
of Scandinavia. Switzerland, Italy, Norway and colliery and industrial districts, with the electrifica
Austria are already drawing much railway motive tion of an important branch between Darlington
power in hydro-electric current from their snows and and the port of Middlesbrough.
The line is about 18 miles long and used solely for
waterfalls. England and Germany are planning,
mineral
carriage, starting from a collecting base for
after several successful initial enterprises during the
last ten years to distribute in a long-distance range heavy traffic from the Durham coalfields, which have
over their more level territory electric power gener required at the mineral yard at Shildon some of the
ated in plants installed at the mouth of their coal largest sidings in England. The average train loads
mines. All these developments are working in one are now of 900 tons burden and it is proposed to
use locomotives capable of hauling 1,400 tons at a
clear direction— that of electrification.
T o assert that even general standards have been minimum speed of 25 miles per hour on the level.
commonly accepted by the engineering hierarchy The electric locomotives will be equipped with 4
or by the railway authorities, who must necessarily motors, each capable of developing 275 horse-power.
depend upon their expert advisers in radical changes Steam locomotives will be retained where overhead
of this nature, would be a rash presumption and far electric operation is impracticable on account of
from true. The case is otherwise. We are but on cranes. The minimum overhead clearance will be
the threshold in our knowledge of electricity and the 15 feet, the line being of the Siemens catenary system.
science of its control has many unexplored chambers. Three-phase 40 cycle current will be purchased from
Practical adaptation of steam railroads to electrical local power companies. The energy will be trans
working still— perhaps fortunately— calls for the mitted at 20,000 volts for two sub-stations 14 miles
exercise of independent judgment as to preferable apart, to be converted to 1,500 volts direct current
for use on the overhead line. The complete loco
modes of construction and operation.
To what a large degree the evolution of electri motive will weigh about 72 tons. According to the
fication of railroads is still in the experimental contracts awarded, 10 electric locomotives will cost
stage is exemplified in the most striking manner, per $195,000 for the electrical parts alone, the permanent
haps to be found anywhere, by the case of the Midi way $308,975 and the sub-station $63,075.
Following the initiative of the London Brighton
(Southern) Railway of France.
The company
&
South
Coast Railway, the great English trunk lines,
has installed twenty miles southeast of Toulouse
a 35-mile direct current 850-volt third-rail section. the London & South Western and the London &
Contrasted with this, however, in another section North Western railways are embarking upon electri
in the zone of the same city of Southern France fication of their divisions in and around London.
it has laid out a 15.5 mile single-phase 12,000- These plans provide for connections with the compre
volt 16 2-3-cycle railway as an experiment in hensive tube railways system of the metropolis.
a 175-mile electrification scheme.
The Midi They have been induced by the same causes and
has accepted three types of locomotives for its encouraged by hopes of the same successful results
single-phase system, those designed by the Thomson- experienced by the Brighton Company. The South
Iiouston Company, the French Westinghouse Co. western estimated its loss in local traffic during the
and the Jeumont Locomotive Company.
The last six years on its section in the metropolitan area
requirements of the locomotives were ^that they at more than $5,000,000 per annum, attributable to
should be capable of starting and hauling on any the diversion of patronage to street-railway and
part of the line, upon which there are many grades motor-bus facilities of conveyance. In England
of about 2 per cent, a trailing weight of 400 metric this competition has been the decisive factor with
tons. With a trailing load of 280 tons the maximum directors in the determination to electrify their steam
speed was to be not less than 24.8 miles per hour roads, at least along their suburban branches, just
and with a load of 100 tons not less than 37.2 miles as smoke nuisance and tunnels have been the primary
per hour. The locomotives were not to weigh more reasons in the United States. The South London
than 80 tons, with a maximum of 18 tons per axle line of the Brighton Company has far more than
recovered the business it lost to electric street rail
and an adhesive weight of 54 tons.
For an instance of successful operation of an electric ways before it resorted to electrification. In the
heavy traffic line in European countries but lately second year of its electrical operation its passenger
regarded as backward in modern industrial activities traffic increased by 129.88 per cent over the last
and progress, it is pleasant to cite the Pamplona- year of steam operation. Since the change 14,
Sanguesa Railway, 54 miles long, connecting with the 000,000 more passengers have been carried and at
Northern Railroad of Spain at Pampluna, the capital the main terminals, Victoria Station and London
of the Province of Navarre. It has been working Bridge, the trains operated have increased from
for two years and, originally built by a lumber 496 steam to 739 electric and from 663 steam to
company for the transportation of timber, has 901 electric trains respectively.
So satisfied have the directors of the Brighton
rapidly found a field as fruitful in the carriage of
passengers and general freight and in developing the Company been with the results that under their
agricultural resources of a hitherto secluded and authorization their consulting engineer, Mr. Philip
neglected district. A southern spur of the Pyrenees Dawson, designer of their system, is now preparing
supplies the hydro-electric power. Barcelona fac plans and surveys for the electrification of the main
tories furnished the equipment. The line is single line the whole way to Brighton with additions to
phase, the energy being transmitted from the over Eastbourne and Worthing, other seashore resorts
head wire directly at 6,600 volts, with the potential on the English Channel. The additional suburban
reduced to 600 volts by a transformer for use in a sections already approved for electrification have
city section. The current collector is of the usual 54 miles of route and the total trackage of the new
and old suburban lines will amount to about 220
Continental pantograph type.
Coalfield electrification projects are receiving miles of single track.
On the other London terminal railways the London
a notable extension in the northeastern counties
of England, where the central-station system, & Northwestern Railway is providing for electric
distributing electric power to factories in industrial traction on 79 miles of track. The London & South
towns of Northumberland, Durham and Yorkshire, western similarly is beginning immediately the
has been well-established for about ten years. The electrification of 73 miles of single track from Water
North Eastern Railway serving the territory was loo Station, which is being rebuilt as rapidly a
6
R A IL W A Y AND IN DU STRIAL SECTION
possible, to cover its local Thames service, and the
conversion of 173 miles more is to follow in due
course, comprising a zone between Guildford and
the busy London suburban junction at Clapham.
Both the North Western and South Western systems
of electrification will be of the direct current lowtension contact type. In this they differ from the
Brighton, which adopted at the outset the hightension single-phase overhead conductor system, but
there are, apart from the ordinary claims of the thirdrail system, impelling considerations in their choice
arising from the existing installation of the direct
current contact rail in the case of the District and
other connecting railways.
DANGER IN EXCLUSIVE USE OF A UTOM ATIC
STOP SIGNALS.
A plethora of inventions in automatic signaling
devices invariably follows upon any railway wreck
caused by derailment that excites public attention.
Proper concern for the safety of travelers in high
speed passenger trains and for the crews in these and
slow-moving freight trains that may suffer from open
switches or negligence in the operation of the present
system may be given full credit for the origin of these
inventions, and yet the candid question may be
raised whether their advocates are not too often be
trayed into unwarranted recommendations for their
compulsory use. Hasty opinions uttered on the spur
of the moment before the causes of a railway wreck
have been thoroughly investigated and due opportu
nity given for mature deliberate judgment have been
found to create and multiply errors. This danger
was distinctly shown in the disaster which occurred
on the New Haven road on the 12th instant.
Signal engineers of railroads under the pressure
of public inquiries into train disasters that
followed closely upon one another last year have
been anxiously examining the means proposed to
insure greater safety ol the trains operated under their
responsibility. It is said that the inventions of cab
signals and automatic stops of one sort or another
have now reached the number or two thousand or
more, and that half of these have been patented.
Scores have been put on the market and have to be
considered if by chance they may offer a remedy for
the accidents in which the railroad may be accused
of negligence in the provision of safety apparatus.
But hasty adoption of some of these greatly exploited
inventions of automatic signals and train-stopping
devices may mean only a futile change from wellestablished practice to the expensive installation of
mechanical apparatus liable to failure, with conse
quences that may be equally, or more, disastrous.
That caution is fully justified before a railroad
commits itself to new automatic systems of contiol
without these having been fully tested is well demon
strated in a thorough discussion by the signal engi
neer of the Pennsylvania Railroad, Mr. A. H. Rudd.
The other side of the matter is presented by him in
“ The Signal Engineer,” where the broad question
had been raised whether the automatic stop has thus
far warranted all the claims that have been made for
it as a source of safety on a railroad. M r. Rudd dis
sects these claims in a searching analysis of the various
causes of accidents. A series of conclusions based on
the experience of the Pennsylvania Railroad, which
has for nearly forty years been engaged in the de
velopment of signaling, presents a remarkably strongargument. The company has appropriated for con
struction and maintenance of signals during the
present year no less than $4,500,000 and is providing
for the expenditure of similar sums for several years
ahead. The block-signal system is in use over the
whole of its lines where passenger trains arc run.
Thus, in the consideration of the recommendations
made by the Inter-State Commerce Commission
and other railway-controlling authorities upon such
accidents as those at Bridgeport and Westport, the
company stands in a peculiarly strong position.
[Vol. XCVI.
Automatic stops have been found of splendid ser
vice for preserving the spacing of trains on the tracks
of the tunnels, subways and bridges for the operation
of trains in and out of New York City and similar
quick service sections of lines. But a fallacy might
be involved if the success of this system at these
points should be taken by public opinion as proof
that automatic stops are a “ cure-all” for the dangers
of fast-speed trains on long-distance runs.
Mr. Rudd points out that, granted that 64% of
all the noted steam railroad accidents in the last
four years and a half would have been preventable
by a complete signal system, only a small proportion
of these could have been eliminated by the auto
matic stop. It would not prevent derailments due
to failures in rolling stock, track structure, roadbed or
bridges, nor those due to excessive speed on curves
or tangents. The only classes of accidents auto
matic stops may prevent are head-on and rear-end
collisions and excessive speed over short cross
overs, provided all trains are stopped before crossing
over. They may detect open switches and in some
cases broken rails. Though some automatic stop
systems provide indicating signals in the cab, none
gives signs of the approach to diverging routes.
There is a danger that cab signals, by constantly
diverting the engineer’s attention from his first duty
of watching the track for obstructions and defects
may be a positive detriment. The installation could
not but add to the many calls upon his memory
and foresight. His sense of responsibility is apt to
become dulled by the multiplication of so many
detailed observations and the chances of temporary
aberration are proportionately increased. The con
tention of the engineers in the recent strike arbitra
tion proceedings would in this case be amply j ustified.
No saving, therefore, would be effected either in
cash, brains or wear and tear on the nervous system
by the introduction of the automatic stop. The
block system must be maintained at all events and
made more efficient, and to whatever extent auto
matic apparatus enters into this system attendants
are necessary whose vigilance cannot be relaxed.
For safe operation none of the present safeguards
should be permitted to be abandoned. There must
be interlockings, equipped with approach and route
locking, semi-automatic signals and other appliances.
The automatic stop, if installed, must be used, Mr.
Rudd holds, solely as an adjunct to our present
system.
A disadvantage in the use of the automatic stop
is that so far no arrangement has been hit upon by
which the stop is applicable to the requirements of
both the slow and the fast trains. A very fast train
on a level track or a slightly descending grade would
require the stopping device to be located at least
4,000 feet from the danger point. A heavy freight
train running at the average speed of from fifteen to
twenty miles an hour, compared with the fifty or
sixty of the passenger train, can be stopped in a trac
tion of the distance required by the fastest trains.
Consequently an automatic stop placed at the proper
point for fast trains would cause slow trains to halt
at an unnecessary distance from the cross-over or
danger point, and in many cases cause stops entirely
unnecessary for safety. The operation of a busy
road would be liable to be seriously hindered. Delays
would be protracted. Any one who has watched
a heavily-laden freight train of forty or fifty cars
getting under way will easily realize such a stoppage
might disarrange the train movement of that section
for a long period. It is an axiom in train operation
to keep the slow freight trains moving and to get as
many past a particular spot as possible. The auto
matic stop that will accommodate both classes,
working with almost human intelligence and acting
in one way or at one place for a fast train, and in
another way or at another place for a slow train,
is still a desideratum in the multitude oLautomatic
safety-stop inventions.
RAILROAD COMPANIES,
FOR MISCELLANEOUS
COMPANIES, SEE PAGES 147 TO 189, IN C LU SIVE
Tnd*r
A n v c o m p a n y n o t In regular alp h a b e tic al order m a y b e fo u n d b y m e an s o f
D M ^ < ^ — ^ T d M d e n d s ta b u la te d In th e t e x t are th ose a o tu a lly p a id d urin g th e
th e In d ex , on an oth er p a g e , to ro a d s leased an d c o n so lid a te d .
calen d ar years n a m e d . Irrespective o f w hen earned ,
d lv s .
Is
e c ^ u te s — T h e se C£ue d escrlbed 1n ta b le a t h ead o f p age (ex c ep t th e sto c k , for lack o f sp ace , so m e tim es o n ly In t e x t b elow ) as follow s:
M idW arninas a r e g l ven after d ed u ctin g op erating ex pen ses an d fr e q u e n tly t a x e s , b u t n o t In terest, ren tals or other fixed ch a rg e s.
M iu s n f R o a d __ O p p o site b o n d s, this m ean s th e m iles o f road ow n ed covered b y th e m o r tg a g e .
Size o r^P ar V alue.— S h ow s (In d ollars unless otherw ise m a r k e d ), th e d en om in ation s or p ar v a lu e , 1 0 0 . & o .. s lp ilf y ln g $ 1 0 0 a n d larger.
atze or
vuwt>.
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______________ ._ --------- ,---------- ---a.
nnrrcrinv. x . e x tr a ; s , sto c k or sc rip .
Rate
P e tr'a
c ern t.—
T h e Interest an d d iv id en d r a te per annum Is here sh o w n : g . g o ld ; our, cu rren cy , x , e x tr a : s . sto ck or sc r ip .
When Payable.— 3 & J stan d s for J an u ary an d J u ly ; F & A , F e b r u a r y an d A u g u s t: M & S , M arch an d S e p te m b e r , A & O . A p ril an d OotobCT.
Bands
Abbreviations
g for ‘ ‘ g o ld ’ ’ ; o or
c o n v fo r "c o n v e r tib le
1 gr tor "l a n d g r a n t” :
b on d s are Interchangeable' ,
-------.
a s’d , " a s s u m e d " : x , "p a y a b le w ith o u t ded u ction for a n y t a x .
.
. .
Mortgage Trustees an d S to o k T ran sfer A g e n ts (T R T reasurer s O ffice) are Indicated th u s.
C H IC A G O —
. T11
N Y C I T Y — (Concluded)
N E W Y O R K C IT Y —
C E — C en tral T r u st Co o f 111
ijn
— U n ion T ru st
B a — B ank ers T ru st
C C — C on tin e n tal & C om
ij «
U n ited S ta tes Tru st
Ca — Carnegie Tru st
m
e
rcial
T
r
&
S
a
v
Bk
U sm — U S M tg e & T ru st Co
Ce — C en tral Tru st
FC — F irst T ru st & S a v B k
C K — C o lu m b la -K n lc k e r IC
—
Illinois
T
ru
st
&
S
a
v
Bk
B A L T IM O R E —
b o ck e r T r u st Co
M C — M erch an ts’ L o a n & T r
B B a — B altim ore Tru st
E m — E m p ir e T r u s t Co
NC — N orthern T ru st
C
o
B
a
—
C
ontinental
T
ru
st
E q — E q u ita b le T ru st
C — R o y a l Tru st
F B a — F id elity T ru st Co
F — F arm ers’ L oan & T ru st
C — U n io n T ru st
M B a — M arylan d T ru st
Q — G u a ra n ty T ru st
W C — W e ste rn T r & S a v B k
M
eB
a—
M
ercantile
T
r
&
D
ep
Me— M ercan tile T ru st
L O U IS V IL L E —
SBa — S afe D ep A T r u st Co
N — N e w Y o r k Tru st
F L — Fid elity & C o lu m b T r
L L — Lou isville T ru st
S
M
M
A R.
m o r tg a g e ”
n o n -c u m u la tlv e ”
sin k in g fu n d ’ ’ ;
a n d c ou p on
per m lle’ !
P H IL A D E L P H IA —
BOSTON—
F P — Fid elity T ru st
A B — A m e rican T ru st
G P — G irard T ru st
B B — B osto n S afe D ep & T r
G u P — G u aran ty T r & S D ep
IB — In te rn ation al T ru st
P I P — P rovid en t L ife & True*
N B — N e w E n glan d T ru st
p e p — P enn C o for In su r on
O B — O ld C olon y Tru st
L iv e s & G r A n n u ities
SB — S ta te Tru st
W P — W est End Tr & S D
ST L O U I S —
M S t— M ississippi V a lle y T r
SSt — S t Lou is U n io n T ru st
P IT T S B U R G H —
C P i — Colonial T ru st Co
S A N F R A N C IS C O —
C S — California S afe D ep o sit FPi — F id elity T itle & T ru st
PPi — P ittsb u rgh T ru st
& Tru st
U P ! — U n io n T ru st
U S — U n io n T ru st Co
S ub scribers will confer a fa v o r b y g iv in g im m ed ia te n otice o f an y error d iscovered in th e se ta b le s.
M iles Date
Road Bonds
R A ILR O A D C O M P A N IE S .
[F o r abbreviations, & c ., see notes on first page]
AHirnnH.irk R v — S ee D elaw are
&
H u d so n C o .
A kron & B arb erton B elt— 1st M s f (te x t) g . U s m . o ’ &r
Akron Can & Y o u n V - l s t M $ 1 ,5 0 0 ,0 0 0 g red 1 0 5 b e g ’ 15
A la b a m a % ? e a t S o u W n - O r d l n a r y s t o c k .........................
Preferred stook 6 % $ 4 .0 0 0 .0 0 0 ...............................................
R r s t M gold e x t in 1 9 0 8 (V 8 5 . p 1 8 4 5 . 1 4 0 O ) - - F . o
G eneral m ortg a g e £ 1 . 1 6 0 , 0 0 0 . - . . . ------- -- - ............C e.c
Oar tru st $ 5 0 ,0 0 0 d u e sem i-a n n u a lly g o ld ................. N
Do
$ 7 4 ,0 0 0 d u e s-a g old (V 8 2 . p 8 6 7 ) -----------Do
Scries D , due $ 5 0 ,0 0 0 s-a ( V 8 8 , p 1 5 5 9 ) .
A la b a m a M id la n d — See A tla n tic C oast L in e R R
H i N O T e x & P ac J et— Preferred " A ” stook 6 % oum
’ D eferred “ B " sto o k ______________________________________
1902
1910
1,000
1,000
1878
1888
1905
1906
1909
1,000
50
50
290
^100
1,000
1.000
1 ,0 0 0
1890
1890
1906
1906
1910
1910
1913
1913
143
14 3
143
14 3
1.000
1,000
1,000
1.000
100
1,000
100 &o
1881
1889
1889
14 2
1906
12
------
...
V ariou s
£ 2 0 &o
100
&o
100
1 .0 0 0 A c
100
1,000
1909
A K R O N & B A R B E R T O N B E L T R R .— B elt line a t B a r b e r to n , O . . an d
F alrlaw n to A k r o n , O .; to ta l, 2 3 .4 m .
S to c k , $ 1 0 0 ,0 0 0 . ow n ed e q u a lly
h v the C levelan d A k ro n & C in cin n ati, B a lt . & O h io , E rie R R . an d N orthern
O h io R y .
B o n d s a u t h ., $ 1 ,5 0 0 ,0 0 0 - Issued. $ 1 ,1 0 0 ,0 0 0 ; $ 1 2 3 ,0 0 0 redeem ed
b y sin kin g fu n d ; $ 4 0 0 ,0 0 0 reserved for fu tu re req u irem e n ts. D raw n a t 10 5
y e arly fo r sin kin g fun d of $ 1 1 ,5 5 0 per a n n u m .— ( V . 7 8 , p . 2 5 9 8 .)
A K R O N C A N T O N & Y O U N G S T O W N R Y . — T o ex te n d from C an ton to
Y o u n g s t o w n . O . . v ia M ogad ore. w ith branches, o f w hich 18 M m .f r o m A k r o n
o cal!
C levelan d T r u st C o ., tru ste e . V . 9 2 . p . 1 4 3 4 ; V . 9 5 . p . 678^
Pres
H B S te w a r t! C a n to n . O .; T r e a s ., R . M . R a ff ; S e c .. W m . S im p so n .
............................
•
— (V.’ 92, p . 1434; V. 95, P - 678.)
a | A B A M A G R E A T S O U T H E R N R R .— (See M ap Southern R y .) — O w n s
W a u lm tc h lc . T e n n , to M e rid ian , M is s .. 29 1 m iles; leases W a u h a tc h lo to
C h a tta n o o g a , 5 m iles, and B e lt I t y - 0 c ChMp^trapknire9t ^ r a d 8 d M n \ lla 1
Interest In W o o d s to c k & B lo c to n R y .. 8 m iles, tra ck age to G a d sd e n , A l a .,
6 m iles; to ta l op era ted , 3 5 8 m iles.
O R G A N I Z A T I O N .— C ontrolled b y S outhern R y .* b u t o p e r a te d IIn dcnenrientlv
V 81 d 17 22 " V . 8 2 , p . 1 5 9 .
O w n s $ 8 3 3 ,3 0 0 stock o f S o u th
w estern C onstruction C o . received In exch an ge for $ 8 3 3 ,3 0 0 C incinn ati N ew
O rleans & T e x a s P acific sto c k .
D I V I D E N D S . — ’ 0 1 . '0 2 . ’ 0 3 . ’0 4 . ’ 0 5 t o ’ 0 8 . ’ 0 9 . ’ 1 0 . ’ l l .
12. 1913.
C o m m o n s t o c k _____ 0
0
0
0
0
2
4 )4
6
r
P ref. s t o c k _________
9
9
10
9
6 y e arly
6
6
6
6
6 ^
In 1 9 1 0 , on c o m m o n , J u n e, 2 % ; D e o ., 2 ) 4 % ; 1 9 1 1 , 5 % (J . & D . ) .
B O N D S .— G e n . m t g e . 6 s , £ 4 8 4 ,0 0 0 , will retire first 6s an d d eb en tu res.
L A T E S T E A R N I N G S . — / 1 9 1 2 - 1 3 - -G r o s s , $ 4 ,3 3 3 ,6 5 2 ; n e t , $ 1 ,2 1 8 ,7 4 3
10 m o s ., J u ly 1 to A p ril 3 0 . U 9 1 1 - 1 2 - - G r o s s , 3 ,9 8 5 ,0 1 2 ; n et. 1 ,1 9 8 ,1 8 2
A N N U A L R E P O R T . — R e p o r t fo r y e a r en d ing J u n e 3 0 1 9 1 2 , In V . 9 5 , p .
1 1 9 9 , sh o w e d : G r o ss, $ 4 ,7 7 5 ,8 9 1 : n e t , in cl. o u ts id e o p e r ., $ 1 ,2 0 9 ,2 1 1 : oth er
In com o, $ 3 9 5 ,9 2 2 ; d e d u c ., $ 5 9 2 ,5 3 6 ; b a l. for s to c k , $ 1 ,0 1 2 ,5 9 6 ; p r e f. d lv s .
( 6 % ) , $ 2 0 2 ,8 2 1 ; c o m . d lv . ( 5 % ) , $ 3 9 1 ,5 0 0 ; b a l., s u r ., $ 4 1 8 ,2 7 5 .— ( V . 9 3 ,
p . 1 1 0 4 , 1 1 8 6 ; V . 9 5 , p . 1 0 3 8 , 1 1 9 9 .)
A L A B A M A N E W O R L E A N S T E X A S & P A C IF I C J U N C T I O N R A I L
W A Y S ( L t d .) .— A n E nglish c o . c on trollin g A l a . & V ic k sb u rg . 14 3 m iles;
V ic k s . S h re v ep o rt & P a c ., 18 9 m .; N ew O rleans & N o r. E a s t ., 1 9 0 m iles.
DIVIDEND.— Pref. " A .” 3)4%
Mch. 1908:
2)4%
Mch; r1912i
4 )4 % Mch. of 1911 and 1912;3)4% M c h . 191 3 ; In arrears from Nov. 27 1884
abS E C U 7R l 4 l E S O W N E D . — A la b a m a & V ic k sb u rg $ 3 0 ,0 0 0 1 s t m t g e .,
$ 3 4 3 ,4 0 0 2 d m t g e ., $ 1 4 1 ,1 0 0 c o n so l, m t g e . and $ 1 ,1 0 8 ,0 0 0 s to c k ; V icks-b u rg S h re vep ort & P acific, $ 1 ,6 1 3 ,0 0 0 g e n . m t g e . $ 2 ,0 8 0 ,1 0 0 p r e f. and
$2 7 7 3 .5 0 0 c o m . sto c k ; N ew O rleans & N o rth E a ste r n , $ 5 ,4 4 5 ,0 0 0
gen.
m t g e .. $ 1 ,5 0 0 ,0 0 0 in com es an d $ 5 ,3 2 8 ,7 0 0 sto c k ; S ou th w estern C onstruc
tion C o ., $ 4 4 8 ,7 0 0 stock ; R a ilroad L a n d s C o ., $ 1 0 8 ,8 5 0 (of $ 1 2 0 ,0 0 0 ) sto c k .
C O U P O N P A I D — F or:
’ 9 4 . ’ 9 5 . ’ 9 6 . ’ 9 7 . ’ 9 8 . ’ 9 9 . ’ 0 0 . ’ 0 1 . ’ 0 2 to ’ 1 2 .
" B ” ( I n c o m e s ) ____________% -8 7 5 1
2 )4 2 H 4 H 6
5
5
5 % yearly
" 0 ” (Incom es)_________ % - -
--
--
--
- - 1)4
- - 2)4 5% yearly
E A R N I N G S . — In c a l. ye ar 1 9 1 2 n et fro m in v estm en ts w as $ 1 9 8 ,8 7 0 !
paid general expenses ( £ 4 .3 4 7 ) , in com e t a x ( £ 1 2 ,6 4 5 ) , in terest on " A ” de
b en tu res ( £ 3 5 ,2 5 9 ) , on " B ” d eben tu res 5 % ( £ 4 9 ,3 6 2 ) , on ” C ” d eb en tu res,
5 % paid O c t . 1 19 12 ( £ 3 8 ,1 6 9 ) ; sin k , fu n d to extin gu ish d eb en tu re d is
c o u n t. £ 4 . 6 0 0 , b rou gh t In fro m 1 9 1 1 , £ 1 ,3 4 5 d iv . p ref. " A ” ( 3 ) 4 % ) ,
£ 1 9 ,4 3 8 ; balan co, su rp lu s, £ 6 ,4 0 2 .— ( V . 9 5 , p . 9 0 7 ; V . 9 6 , p . 5 5 3 .)
Rate
%
When
Payable
4 g
$ 9 9 9 ,0 0 0
1 .5 0 0 .0 0 0
7 .8 3 0 .0 0 0 5 !n 6l £ l 2
3 ,3 8 0 ,3 5 0 6 In 1 9 13
1 .7 5 0 .0 0 0 5 ( 6 ) g
5 g
£ 8 1 0 ,0 0 0
4 )4 g
$200,000
M
4 4 4 .0 0 0
4 )4
3
4X
6 0 0 .0 0 0
£10 £ 1 ,5 0 0 ,0 0 0 S ee
£10 £ 2 ,5 0 0 .0 0 0
" A " & ’ B” debentures, redeemableslnoe 1910 at 115o
“ O” debentures Income subj to call any time at 100
Alabama Tennessee & Nor— At & N RR 1st M . . C K
T o m b lg b c o V a lle y first M ------------------ ---------- -------- C K
G eneral m t g e .....................- .................
......... IN
M o b ilo T e r m in a l & Ity 1st m tg e gold red 1 0 5 ...............
A la T o n n & N o r Rv 1st & r e f M $ 2 5 .0 0 0 .0 0 0 ...............
Secured 3 -y e a r go ld n o te s....................- ..........................
A la b a m a & V i c k s b u r g - S t o o k . (see te x t) ;
V ic k sb u rg & M erid ian 1st M g $ 1 ,0 0 0 ,0 0 0 - - - F . x o
A la b a m a & V ick sb u rg cons 1st M $ 1 ,8 0 0 ,0 0 0 g .C e .o
2 d M orlg $ 7 0 0 ,0 0 0 g (1st M on 5 ,2 3 3 a c r e s )-C e .c
A l b a n y & N o r t h e r n — Seo G e o rg ia S o u th w & G u lf
A lb a n y & S u sq — S to c k d ivid end s guar b y D & H (end)
1st M $ 1 0 ,0 0 0 ,0 0 0 g gu p & 1 o o n v (te x t) - U s m . o ’ &r
A lb a n y & V e r m o n t— S to c k 3 % gu aranteed b y rental
A lb erta & G t W a t — 1st M d eb $ 7 ,4 0 0 ,0 0 0 g gu t e x t . .
Amount
O utstanding
Par
Value
£ 1 ,7 9 7 .2 4 0
£ 8 1 0 ,(3 5 3
$ 6 6 2 ,0 0 0
4 5 0 .0 0 0
2 7 0 .0 0 0
5 0 0 .0 0 0
S eo tex t
te x t
5 'g
5 g
6 g
.6 g
&
&
&
&
&
&
&
&
&
M a r oh
&
3 .5 0 0 .0 0 0
6 0 0 .0 0 0
7 .4 0 0 .0 0 0
1 2 .4 5
3 H g
3
5 g
J un e 1 1 9 4 2
J u ly 1 1 9 3 0
J u n e 2 6 ’ 13 . 2 H
Aug 28 ’ 13. 3 %
D eo 1 1927
Deo 1 1 9 2 7
T o Feb 1915
T o M ay 1 1916
J an ’ 1 4 -J u ly *19
U S M tg e & T r C o .
F irst cou p J an 1 9 1 2
M ch ‘ 1 3 .
London
Nov
Nov
O ct
Apr
M
A
A
A
J
&
&
N
O
O
O
J
M
&
S S ep t
&
&
M & N
M &
N
6 g
1,000,000
2.100.000 7 In 19 12 Y e a r ly
A
& O
1.000.000
6 g
A
& O
5 g
5 8 0 .0 0 0
A
& O
5 g.
4 3 4 .9 0 0
10,000.000
Last Dividend Places Where Interest a n t
Dividends are Payable
and M aturity
J
A
M
J
&
&
&
&
Jan
M ay
M ay
S ep t
Apr
Apr
Apr
.T J uly
O Apr
N M ay
Jan
3 )4 %
N Y
F arm L & T r , N Y ; & B o *
G ly n , M ills. C & C o , L o n
B lair & C o , N e w Y o r k
F ran klin T r u st C o , N Y
E m p ir e T r u s t C o , N Y
G ly n . M ills. C & C o . L ob
1940
do
do
1940
C o lu m b -K n lc k T r C o , N Y
1956
O o lu m b -K n ic k T r C o . N Y
1956
N e w Y o rk T ru st C o , N Y
1935
M o b ile an d N e w Y o r k
1 1935
G u a ra n ty T r C o , N Y
1 19 43
do
do
1 19 16
4 1 9 1 2 7 % C en tral T r u st C o . N Y
do
do
1 1921
do
do
1 1 9 21
do
do
1 1 9 21
1
1
1
1
1 9 1 3 , $ 4 .5 0 D el & H u d so n
do
11940
15 1 9 1 3 1 H T r o y . N Y
1 1959
C o. N Y
do
A L A B A M A T E N N E S S E E & N O R T H E R N R Y . — O p era tes fr o m M o b i le .
A l a ., on G u lf o f M e x ic o , w here ex te n siv e term in als are o w n ed , to R e fo rm
A l a ., on th e M o b ile & O h io , a b o u t 2 2 5 m ile s, in clu d in g a b o u t 2 5 m iles o f
tra ck a g e.
A consolidation in A p ril 1913 o f A la . T e n n . & N o r . RR . , T o m b igb ee V a lle y R R . an d M o b ile T e r m . & R y .
S tock a u t h ., $ 2 5 ,0 0 0 ,0 0 0 .
O f th e 3 0 -y e a r first an d refu nd ing M . b o n d s ( $ 2 5 ,0 0 0 ,0 0 0 a u th . issu e ),
$ 3 ,6 6 3 ,0 0 0 w ere issu able a t on ce , b u t o n ly $ 2 ,0 0 0 ,0 0 0 h a v e been Issued an d
these h a v e been d ep osited u nder th e $ 1 ,0 0 0 ,0 0 0 secured 3 -y e a r 6 % g o ld n otes
duo M a y 1 1 9 1 6 , th e rem ainder are issu able under careful restriction s a t
$ 2 5 ,0 0 0 per m ile to ta k e u p a t or b efore m a tu r ity all u n d erlyin g h e n s, w ith
an extra allo w a n ce fo r eq u ip m en t an d ter m in a ls.
V . 9 6 , p . 1228.
E q u ip m e n t n ote s o u tsta n d in g , $ 1 8 0 ,0 0 0 5s issued b y A la . T e n n . & N o r .
R R . , d u e $ 1 0 ,0 0 0 se m l-a n n . fr o m N o v . 1 1 9 1 3 to M a y 1 1 9 2 2 in cl.
F or ye a r en d ing J u n e 3 0 19 12 earnings o f properties c o n solid ated w ere
$ 2 7 6 ,2 6 7 . a gain st $ 2 1 0 ,2 0 1 in 1 9 1 0 -1 1 ; n e t, $ 1 1 0 ,5 5 2 , a g st. $ 9 1 9 3 2 .
For
10 m o s. en ding A p r 3 0 1 9 1 3 , grass, $ 3 / 8 , 8 8 5 , a g s t . $ 2 2 1 ,6 0 5 in 1 9 1 1 -1 2 ,
n et, $ 1 5 4 ,2 3 2 , a g st. $ 8 9 ,4 1 0 .
„
P r e s ., John T . C o ch r a n e , M o b ile , A l a .; A s s t . S e c ., W m . G o o d m a n ,
N o w Y o r k .— ( V . 9 6 , p . 1 2 2 8 .)
A L A B A M A & V I C K S B U R G R Y . — O w n s V ic k sb u rg to M e rid ian , M is * .,
and b ra n c h , 14 3 m iles. C ontrolled b y A la b a m a N e w O r l. T e x a s & P a c .
S T O C K .— S to c k w as Increased from $ 1 ,0 5 0 ,0 ()0 to $ 2 ,1 0 0 ,0 0 0 In June
1 9 1 0 , th e new sto ck b ein g d istrib u te d as a i 0 0 % sto c k d iv id e n d .
D I V I D E N D S . — 1 8 9 0 to 1 8 9 2 . 3 % y e a rly ; 1 8 9 6 . 3 % ; 1 8 9 7 to 1 8 9 9 , 5 % l
1 9 0 0 to 1 9 0 2 , 6 % y e a rly ; 1 9 0 3 , 9 % ; 1 9 0 4 to 1 9 1 2 , 7 % y e a r ly . S to c k
d ivid en d 5 0 % In 1 9 0 0 an d 1 0 0 % In 1 9 1 0 .
B O N D S .— $ 1 ,0 0 0 ,0 0 0 consols are h eld to retire V ic k s . & M erid ian firsts.
' E A R N I N G S . — 10 m o s .,f 1 9 1 2 -1 3 ____ G r o ss, $ 1 ,5 6 1 ,5 7 8 ; n e t , $ 3 9 9 ,5 4 8
‘
J u ly 1 to A p ril 3 0 .
\ 1 9 1 1 -1 2 ____ G r o ss,
1 ,3 8 1 ,1 3 8 ; n e t,
3 1 9 ,8 3 0
R E P O R T .— Fiscal year ends J un e 3 0 .
R e p o r t, V . 9 5 . p . 1 3 9 8 Years—
Gross.
Net In c .
/n r .. & c . B a l., S u r.
D ividend.
1 9 1 1 -1 2 ............. $ 1 ,6 0 5 ,1 9 0
$ 3 8 8 ,8 0 2
$ 1 3 0 ,7 7 3
5 2 5 8 ,0 2 9
( 7 % ) $ 1 4 7 ,0 0 0
1 9 1 0 -1 1 .............. 1 ,7 4 1 ,9 8 3 4 8 8 .4 2 1
1 2 2 ,1 6 4 3 6 6 ,2 o 7
( 7 % ) 1 4 7 ,0 0 0
— ( V . 9 1 , p . 1 1 5 9 , 1 2 4 8 : V . 9 3 . p . 1 0 2 1 , 1 1 8 8 ; V . 9 5 . p . 9 6 7 , 1 3 9 8 .)
A L A S K A N O R T H E R N R A I L W A Y . — P rojected from S ew ard on sou th
c o a st of A la sk a n orth to near F a irb a n k s, an la n a n a R iv e r , 4 5 0 m iles.
Of
th is, 71 m lle s from Sew ard north were in op eration S e p t . 1 1 9 0 9 , an d 4 2 m ile*
p a r tly con stru c te d .
P ro jec ted 3 0 m iles to coal fields an d 3 0 0 m iles to
Id lta r o d gold fields.
Successor to A la sk a C e n t. R y ., foreclosed O c t . 11
1909
V 8 9 . n . 1140, 1222; V . 8 7 , p . 28 1 .
I n N o v . 1 9 1 2 co n tro l w a s sold
t o a C a n a d ia n sy n d ic a te .
V . 95 , p . 1330.
S to c k a u t h ., $ 3 0 ,0 0 0 ,0 0 0 ; o u t
sta n d in g , $ 5 ,0 0 0 ,0 0 0 .
B o n d s a u t h ., $ 3 0 ,0 0 0 ,0 0 0 ; o u tsta n d in g , $ 5 ,0 0 0 ,0 0 0 .
P r o s ? & G e n . M g r . , W . E . S ta v e r t. M o n tr e a l, C a n .— ( V . 9 6 , p . 1 7 7 1 .)
I
A L B A N Y & N O R T H E R N R Y . — See G e o r g ia S ou th w e ste rn & G u lf .
A L B A N Y & S U S Q U E H A N N A R R .— (See M ap Delaware & H udson.) —
R O A D .— O w n s A lb a n y to B in g h a m to n , N . Y . t 1 4 2 m iles.
L E A S E D for term o f c h arter, v i z ., 1 5 0 years from A p ril 19 1 8 5 1 , to D e l. &
H u d so n C o .; rental w as 9 % per a n n u m on sto ck (see g u a r a n ty , V . 5 6 , p .
7 7 4 ) . b u t th e courts h avin g held th a t th e sto ck Is en titled to th e b en efit of
refu nd ing eflected in 1 9 0 6 , $ 1 2 0 ,7 5 0 ad d ition al ren tal Is p aid In J a n .
y e a rly , beginning 1 9 1 0 , m ak in g 3 . 4 5 % a v a ila b le for e x tr a d ivid en d s on
th e s to c k .
A special d ivid en d o f 3 0 % ( $ 1 ,0 5 0 ,0 0 0 ) w as paid N o v . 16 1 9 09
fro m th e proceeds o f th e J ud gm ent for b ack ren tals d u e b y reason o f re
fu n d in g .
V . 8 9 , p. 1141. 1666; V . 90 . p. 91 3.
„ ____ __
B O N D S .— T h e $ 1 0 ,0 0 0 ,0 0 0 3 ) 4 s Issued to refu nd th e $ 1 0 ,0 0 0 ,0 0 0 6s an d
7s A p ril 1 1 9 0 6 w ere in June 1 9 0 5 oflered a t par pro ra ta to stock h o ld ers o f
the D . & H .
T h e b on d s are g u a r. p . & 1 „ a n d u n til A p ril 1 1 9 1 6 c o n v e r t l-
8
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
[For abbreviations, <.fee., see notes on first page]
Miles Date
Road Bonds
Alzom a C & H Bay— 1st M g gu red 105 tex t.U sm .o
A lg Cen Term inals 1st M g gu rd 105------- Usm.c
E quip bonds A , B , C & D , due l0 % yrly red ______
A lzom a East R y— Man A N o Sh 1st M g gu red . Usmo1
Sup R olling Stock equip bds ser D due $20,000 yrlj
Allegheny & W estern— Stock $3,500,000)___________
60
First M $2,500,000 gold guar p ft 1 (en d )____ Q.o'
60
A llegheny Valley— See Pennsylvania R R
Allentow n Terminal— 1st M guar p A 1 (end) g . -Ce.xo*
3
Am ador Central— 1st M gola (2% s £ begins 1913)____
13
Ann Arbor— First m tge $7,000,000 g old ____M p.xc*
292
1-year g notes sec by $ 1,250,000impt & ext bds.E m
Im pt and ext M $10,000,000 gold
E quip bonds, ser A gold due $33,000 sem l-ann.-B a
d o ser B g due $30,000 s-a red 102 )* (V 92,p 59) -c
Apalachicola Northern RR— First mtge $2,000,000 g ._
102
Arizona Eastern— Gila Vail G1 A N 1st M gold gu .M p
125
♦♦First refunding mortgage
Arkansas Louisiana & Qulf— 1st M $6,000,o'o'o g o ld ll
143
Asheville & Spartanburg— See Southern R y , Carolina
Ashland Coal & Iron— S tock __________________________
First refunding mortgage $400,000 gold _________N
22
Atchison & Eastern Bridge— 1st M g s f red at p a r. .Ce
Atch Top & Santa Fe R y—-S tock, com $350,0 0 0 ,0 00 ..
Stock pref $131,486,000 6 % non -cum .........................
Chicago & St Louis 1st M ($10,000 p m) cu r____ F.c
142
Chicago Santa Fe ft California 1st M g o ld .B B .c ’ Ar
440
General m ortgage gold (see te x t)_________ U n .c’ &r 8,569
Adlust lno M cum since July 1 1900 g ..C e .c * A r 8,569
d o d o Interest stam ped payable M & N ______ 8,569
480
Eastern Oklahoma Dlv 1st M $10,000,000 g .G .c * Ar
694
T ra n scon S L lstM $30,000,000 g red l l O - . a x c ’ Ar*
Deb gold Ser L call 1 0 5 ______ _______________ G cA r
Bonds $49,711,000 con v com stk red (text) .G .c * Ar
Bonds $26,056,000 red 110..............................a .x o ’ Ar
Bonds $28,258,000 g con v com stk red (tex)G .xc*A r
Bds $43,686,000 g con v com stk red(text)G .xc*A r*
H utchln ft So 1st M g red 105 since 1 9 0 8 .. .OB.c*
141
San Fr ft San Jo Val 1st M g call 110 aft 1 9 1 5 .. Ba.c
375
Gulf Beaumont ft Kansas City 1st M g o ld ____ A Be
63
do
do
2d M ($115,500 are 6 s ) ____ A Be
63
Par
Value
Amount
Outstanding
Rate
%
[Vol. XCVI
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
June 1 1960
Aug 1962
T o M ay 15 1922
Mch 1 1961
T o May 15 1922
July 1 1913 3%
Oct 1 1998
N Y , Montreal ft London
Com A g cy , Lon & M on
M aitland,Coppoll& C oN Y
Bk of Mont, Lon & N Y
M aitland ,Coppell& Co,
A Iselln ft Co, New York
do
do
1910
£ 1 0 0 $10,080,000
1912 £100 & c £1,027,30C
T l-1 2 $, £ , Ac
$850,001
£513,60C
1911 $, £ , fto
180,001
1912
$100 $3,200,001
2,000,000
1.000
1898
5
5
6
5
6
6
4
g
g
g
g
g
g
g
& D
& A
Various
M ft £
M & N15
J ft J
A ft O
450,000
300,001
7.000,000
750,000
See text
429,000
450,000
2,000,000
1,494,000
7,600,000
1.230,000
4
5
4
6
5
5
5
5
5
5
5
g
g
g
g
g
g
g
g
g
J
M
ft
J July 1 1919
ft N N ov 2 1 9 3 8
Q— J July 1 1995
M fe N May 1 1914
M ft N May 1 1941
M ft N T o N ov 1 1919
J
ft .1 T o Jan 1 1921
M ft S Sept 519 2 5
M ft N N ov 1 1924
O ffice, 437 Chestnut, Ph
Union Tr Co, San Fran
Metropolitan Tr Co, N Y
Empire Trust Co, N Y
do
do
Bankers Tr Co, N Y
Empire Trust C o , N Y
In default
g
J
N Y Mort Tr; & Col Sprg
1889
1908
1895
1913
1911
1909
1911
1905
1894
1,000
500
1,000
1,000
1907
1.000
1900
1898
1885
1887
1895
1895
1895
1903
1908
1902
1905
1907
1909
1910
1898
1896
1893
1893
1,000
1 .0 0 0
1,000
1,000
50
1,000
1.000
100
100
1.000
1,000 fee
500 Ac
500 Ac
600 Ac
1,000 Ac
1,000 fee
1,000 fee
1,000 Ac
1,000 fee
1,000 Ac
1,000 fee
1,000
1,000
773,500
300,000
469,000
189.733,000
114.173,730
1,500,000
560,000
150.634,500
17,354.000
33,992,000
9,603,000
17,000.000
2.500,000
14.469,000
8.747.000
2.396.000
33,389,000
192,000
6,000,000
591,000
213.000
J
F
fe
J July 1 1957
4 In 1912 Q— M J ’no20 1913 1%
4 g
M fe N May 1 1925
J ft J July 1 1928
4 g
6 in 1912 Q— M J ’nb 2 T 3 1 )4 %
5 In 1912 F ft A Feb 11913 2 H
6 cur M ft S Mch 1 1915
5 g
ft J Jan 1 1937
J
A ft. O Oct 1 1995
4 g
Nov
July 1 1995
4 g
M & N July 1 1995
4 g
M ft S Mch 1 1928
4 g
J ft J July 1 1958
4 g
F ft A Feb 1 1914
4 g
J ft n Juno 1 1955
4 g
J <5s D June 1 1917
5 g
4 g
J A D June 1 1955
4 g
J A D June 1 1960
5 g
J A J Jan 1 1928
5 g
A A O O ct 1 1940
6 g
F A A Aug 1 1913
5 ft 6 g F A A Aug 11913
do
ssau
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
NY
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
bio Into D . & H . stock— $500 stock for $1,000 bonds. Of the bonds $3, $23,000 equip, obligations and for impts. V . 96, p.1088, 1295.
656,000 had been converted to Juno 1913. V . 80. p. 1174. 1362, 2343.
E A R N IN G S .— 10 m o s.11912-13____ Gross, $1,728,617; not, $523,481
Form of guaranty, V . 82, p. 989.
July 1 to A pr. 30.
/1 9 1 1-1 2 _____Gross. 1,793,999; net, 616,923
As to chango In accounting in 1912-13, see V. 96, p. 862.
President, Arthur W . Butler; VIce-Pres., Geo. W elw ood Murray; Sec. and
Treas.. W . L . M. Phelps. (V . 90. p. 913; V . 93, p. 1258.)
A N N U A L R E P O R T for 1911-12 was In V . 95. p. 1117.
Year ending June 30—
1911-12.
1910-11.
1 9 0 9 -1 0 .
A L B A N Y & V E R M O N T R R . — Owns road from A lbany to W aterford Jet.,
$2,120,384 $1,934,616 $ 1 ,8 5 6 ,1 6 0
N . Y ., 12 miles. Leased to Rensselaer A Saratoga In 1860 and now oper Gross earnings..........................................
Net after taxes........................................
525,430
453,236
3 7 8 ,3 8 3
ated b y Delaware ft H udson Co. Annual rental, $20,000.
Net incom e....... ................
576,656
506,074
4 5 1 ,1 5 8
Deduct— Interest, hire of equip., A c .
396,372
342,928
A L B E R T A & G R E A T W A T E R W A Y S R Y . — In N ov. 1909 $7,400,000
3 7 2 ,8 6 0
1st M. deb. 5s, g u a r.p . & l .b y the Province of Alberta, were sold In London,
Balance, surplus.
$ 1 8 0 ,2 8 4
but in D ec. 1910 the Province form ally canceled the agreement and decided
$ 1 6 3 ,1 4 6
$ 8 4 ,2 9 4
to uso tho proceeds for general purposes. In Jan. 1913 the P rivy Council
D IR E C T O R S .— Newm an E rb, Joseph Ram sey Jr., W . M . W addon
in L ondon held that tho proceeds m ay be used only for the construction o f H . II. Harrison, F. K . Curtis, It. J. Flick. A . W . Tow sley, W J. W ollm an'
the road (unless bondholders agree otherwise). V. 96, p. 359; V . 91, p.
Leroy W . Baldwin, E . S. L yon. Frederick Hertonstein and H . It. H arrison’
1710; V. 93, p. 1323; V . 94, p. 277, 1184; V . 96, p. 359. Standard Trust
Pres., Newman Erb; V .-P . and Treas., II. H . Harrison; Sec., II. B . Blan
C o . o f W innipeg, trustee.— (V . 95, p. 1683; V . 96, p . 359, 486, 1228.)
chard.— ( V . 9 5 , p . 1 5 4 0 , 16 8 3 ; V . 9 6 , p . S 6 2 , 1 0 8 8 , 1 2 9 5 .)
APALACHICOLA NOR. R R — ARIZONA EASTERN R R .— See p. 138.
A L G O M A C E N T R A L & HU DSON B A Y R Y .— Owns from Sault Sto.
M arie, O n t., and M ichipicoten Harbor to a connection with the Can. N orth
ARK AN SAS LOUISIANA & GULF R Y .—’Monroe to H am burg, L a ., and
ern « y - . 272 miles; branch to Helen M ine, 12 m .; extension to Grand Trunk Crossett, A rk., 61 H miles, was operated Oct. 1911. T o be extended from
P acific R y . to bo com pleted N o v . 1913, making total 330 m. V. 95, p. 748,
Hamburg, A rk., to Pine B luff, 81
miles. On M a y 29 1913 James M .
1540. Cash subsidy, $6,400 per mile. Land grant, 1,655,000 acres.
Parker was appointed receiver. V. 96, p. 1627. Stock auth., $3,000,000
Owns stock o f and leases for 999 years Algom a Central Term inals, L td .,
out Oct. 1912, $1,231,000. Bonds ($6,000,000 auth. issue), C olo. T itlo &
rental covering interest and from July 1918 1% sinking fund on 1st M .; tho Trust Co. of Colorado Springs, Col., trustee; $2,860,000 were subscribed for
bonds are guaranteed, prki. & in t., by Lako Superior C oro.; £500,000 were on account of 143 miles under construction. V . 86, p. 106. For year end.
offered in N o v . 1912 and £527,300 in M ch . 1913. T ho present issue June 30 1912, gross, $84,060; net deficit, after taxes, $34,151; other Income,
(limited to $5,000,000) is secured on terminal properties and tho £900,000 $1,104; Interest, & c., $67,205; bal., d cf., $100,252. Pres., Alfred Cowles,
1st M . 5% bonds and $99,300 stock o f Algom a Eastern Term inals, L td.
Chicago; V .-P . and Treas., W m . A . Otis, C olorado Springs, C olo.; S ec.,
Additional bonds m ay be issued only for cost o f additional assets or work. O. E . T itus, C olorado Springs, C olo.— (V . 96, p. 1627.)
V . 95. p . 1540; V . 96, p. 651, 1020, 1491.
A R K A N S A S & M E M P H I S B R I D G E & T E R A I IN A L C O .— V . 9 4 , p . 2 7 7
S tock, com m on, $5,000,000, all owned b y Lake Superior Corporation,
A R K A N S A S O K L A , & W E S T E R N R R . — See Kansas City ft M em phlsRy.
which guarantees the 5% bonds (see table a b ov e), to be Issued at $30,000 per
mile, and holds $1,125,000 of the $5,000,000 5 % non-cum . pref. stock for
EASTERN B R ID G E .— Owns railroad and wagon bridge
tho benefit o f tho road. 1st M . bonds, see V. 91, p. 93, 1159, 1327, 1573. at A tchison, K a n ., connecting with the union station. Used by the A tch.
The series A and B equipment bonds, $500,000 each, dated M ay 15 and T op . ft Santa Fe, the Chic. R . I. & P ., the M o. P ac. and the Chic. Burl, ft
A ug. 15 1911, mature $50,000 each series yearly. V. 92, p. 1635; series C, Quincy. Stock, $700,000: par, $100 per share. Pres, and Treas., II. P .
$7,500 yearly. V. 94, p. 1382. Year ending June 30 1912, gross, $782,579; Eels. Cleveland. O.— V. 67, p. 578.)
net, $273,134. Pres., T . J. Drum mond, Montreal, Que.; S ec., Thomas
(THE) ATCHISON TO PE K A & SANTA FE R Y .— [See M a p .)— The sys
Gibson, T oron to, O nt.; Treas., A . H . C hitty.— (V . 96. p. 486.)
tem operated July 1 19l2 comprised 10,733 miles of railroad and embraced
A L G O M A E A S TE R N R Y .— Owns from Sudbury, O n t., to Little Cur an unbroken line of track from Chicago, 111., via Kansas City, M o., and A l
rent (M anitoulin Island) through nickel and copper districts, 8 6 m ., com buquerque, N . At., to the Pacific Ocean; also to Galveston, T ex., and the
pleted Jan. 1 1913; branches, 3 m . Land grant 703,200 acres in Ontario Gulf of M exico. For operating purposes the 10,733 m.wore divided as follow s.
and cash subsidies from P rov. and D om . o f Can. Y . 92, p. 265; V. 95, p.748. Atchison Topeka ft S. F ____8,200.86 Southern K an. R y . of Texas 124.92
Leases for 999 years Algom a Eastern Term inals, L td ., rental covering int. R io Grande & El P aso______
20.21 Texas ft Gulf R y ..................
125.80
and sink, fund on $900,000 1st M . 5 % bonds. See Algom a Central T er Gulf Colorado ft Santa F e .. 1,596.06 Gulf & Inter-State R y . (V . 91
minals, L td ., m tge., V. 95, p. 1206, 1540.
Pecos ft N or. Texas R y ____ 478.67
71.97
P. 5 8 8 .).................. ..
54.24 Concho San Saba ft Llano
„ , 9 , ^ ? ? 3 st0.c k ' $2,000,000, and pref. 5 % non-cum ., $ 1 , 0 0 0 ,0 0 0 , o f which Pecos River R R ____________
60.15
$1,000,000 and $800,000, respectively, owned b y Lake Superior C orpora
This Is exclusive of 50.92 miles of new lines com pleted on last-named
tion . Bonds auth., $3,000,000 1st M . 50-year gold 5s, Issuable at $30,000 date, all of which will be ready for operation shortly. Also controls,
per mile, guaranteed, prlnc. and Int., b y Lake Superior C orp. T h ey are through ownership o f securities, or owns Jointly with other rds., 663.01 m .
subject to call as a whole at par or m ay be drawn at 105 from subsidies or
Cut-off T exlco, N. M ., to Brownwood, T e x ., 300 miles, with branches;
tho proceeds o f land sales. Subsidies and land sales m ay be used to make total about 500 m iles,com pleted In N ov. 1911. V . 89, p. 223; V .92, p.1700.
ood any deficiency in bond Interest until M arch 1916. V. 92. p. 396. 462,
In Deo. 1911 sold to Southern Paclflo Co. the line from Nogales to Guay27, 1032; V . 93, p. 227, 406; V. 94, n. 1382.
P
mas., M ex., 263 miles, receiving In exchange the Southern Paclflo line from
. Y e a r ending Juno 30 1912, gross, $97,811; net, $39,760; other incom e, M ojave to the Needles; also sold to the Southern Paclflo the Arizona & New
$403; in t., taxes, rentals, & c., $23,290; bal., [sur., $16,873. Pres.. T . J M exico R R ., Benson, A riz., to Nogales, M ex., 8 8 miles. The California
D rum m ond, M ontreal, Que.; S ec., Thom as Gibson, T oron to, O nt.: T reas.. Arizona & Santa Fe R y . was Incorporated In California with $50,000,000
A . H . C h itty .— (V . 94, p. 1382; V . 95, p. 748; 1206, 1540.)
authorized stock to take over the line from M ojave to the Needles and the
Atchison branch, from Cadiz, Cal., to W Ickenburg, A d z ., 195 miles, and
A L L E G H E N Y & W E S T E R N R Y . — [See M ap Duff. Roch. & P itts.)—
other lines In Southern California and Arizona.
See BONDS below.
Punxsutaw ney to Butler, P a ., 60 miles. An extension of Buffalo Rochester V . 94, p. 67, 486, 629; V. 95, p. 543. In M ch . 1913 the G u lf C olorado &
ft Pittsburgh, to which leased In perpetuity for guaranty of bonds a n d 6 % on Santa Fo R y. took over under long leases tho G u lf & Inter-Stato Ity., tho
stock. Uses Balt, A Ohio from Butler to New Castle and Pittsburgh undera Texas
Gulf, the C oncho San Saba & Llano Valley R y . and tho Sweottrackage arrangement, making In all 147 m . V . 70, p. 849.— (V . 82,'p. 091.)
water-Coleman division o f the Pecos & N orth Texas lino. V. 96, p. 946.
A L L E N T O W N R R . — T opton to K utztow n, Pa., 4.39 m. Stock, $1,268,
In 1900 acquired control of Gulf Beaumont
Kansas City and Gulf Beau
884 (par $50), Incl. $1,071,400 pledged under Reading Co. gen.M . N o bonds. m ont
Great Northern, which are leased. V . 76, p. 751; V . 77, p. 1224.
Leases Cane Belt R R ., 105 miles (entire stock ow ned). V . 85. p. 598.
A L L E N T O W N T E R A I IN A L R R . — Owns 2.91 miles of railroad In Allen
town, P a ., connecting the East Penn. (Phlla. A Reading) with the Cent, of T he stockholders on O ct. 24 1912 voted to acquiro tho California
Santa Fe, Eastern R y . of New M ex., Dodge City AClmarron
N. J. Leased for 999 years to Phlla. ft R ead, and Cent, of N. J . (b y assign Arizona
ment from Lehigh Coal f* Navigation Co.) at Interest on bonds and 5 % on Valley R y ., Verde Valley R y . and Sunset R y ., o. V . 95, p. 543, 1771.
$450,000 stock (par $50), and taxes, bonds being guar., prln. and Intorest,
O R G A N IZ A T IO N .— This com pany was organized on Deo. 12 1895 under
the general laws of Kansas by the purchasers at foreclosure salo of tho
b y Phlla. & R ead. R R . Co. (foreclosed) and Lehigh Coal ft N avigation.
property and franchises of the A tch. T op .
S. Fe R R . Co. V . 60, p. 658.
A M A D O R C E N T R A L R R .— lon e to Martell, Cal.. 12 m. Stock, $400,000:
The railway com pany In July 1912 owned In fee 7,176.91 miles of system ,
BK*,
M ortgage, see V. 8 8 , p. 156. Year end. Juno 30 1912, gross,
and
also
all,
or
nearly
all,
the
bonds
and
stocks
of the various companies In
$104,854; net incom e, $46,189; int. & taxes, $19,039; extraordinary, $4,895;
which the title to the other lines Is vested. V . 08, p. 974.
b a l., sur., $22,255.__D ivs. 1911-12., 6 2 -3 % , $25,000 from sccum . surplus.
Has a join t Interest with the Southern Pacific In tho Northwestern Paclflo,
T otal sUBplus June 30 1912, $26,634. Pres., F . J . Sollnsky, San Francisco.
Office, Martell, Cal.— (V . 88. p. 156.)
S T O C K .— The preferred stock has preference as to assets and non-cum ulatlve dividends not exceeding 5 % per ann., as declared by tho board of d i
A R B O R R R . — Owns from Toledo, O ., to F rankfort,on Lake M ich.,
292 miles; trackage, Toledo to Alexis, 9 miles; operates car ferries between rectors out of net profits. No other m tge. and no Increase In tho pref. stook
rran kfort, M ich., Kewaunee and M anitowoc, W Is., and Menominee and can be made without consent of m ajority of all pref. outstanding and of all
?Ji2c!j„F.epr- se^ eil at a meeting. Tho total auth. am ount of pref. la
Manlstlque, Mich. W abash and Pere Marquette use T oledo terminals.
jOOO, o f which $10,800,000 reserved to acquiro other lines (V . 9 3
Entire cap . stock of Manlstiquo & Lako Superior, Manlstlque, M ich., to ®
E velyn, 42 m. (with branch, 13 m.) was purchased In 1911. V . 92, p. 1108. p . 526, 406); also $6,486,470 in special trust for im provem ents, extensions’
& c. Pref. stock certfs. In “ Supplem ent” o f April 1897, p. 3.
’
SX 9 ^ K , , T,&c; — POIJ1moni 53,250,000: pref., $4,000,000; 5 % non -cum .,
DIV& T
<?0,
’O,1/ ’ ° 2 -’05. ’06.
’ 07.
’ 08.
’09.TO t o ’ 12.1913.
pa^ 10*°- 9 r£f - s^oc!t cert. - sec lssuc ° c t - 30 1897, p. 3.
V. 94, p. 205. rC .om
. (% ).. 0
4 yrly. 4 H 6
5
5>$
6 yrly. 144,1
wa„s Incorporated Jan. 5 1911 as a holding com pany
tu
J? 5 y r*y- 5
5
5
5
5 yrly. Feb. 2 > 4
with $7,250,000 auth. stock, of which $4,000,000 pref. and $3,250,000
com m on (par $100)» the stock being ottered, share for share, for the Ann
o ^ x 9 SQ7"T h^ r S !? ’ ,M ort- (Abstract V . 62, p. 731-739: see also V . 6 8 .
Arbor R R . stock (Incl. the $3,001,000 com m on and $2,190,000 pref. bid In p. 974, V . 8 6 , p. 1098) gives a lien, either b y direct mortgage or by collateral
at auction b y Ram sey com m ittee N ov. 25 1910.) In April 1911 $2,971,900 trust, on 8,568.99 m. of the system, together with all tho equipment and
terminals owned by the com pany, and future acquisitions.
pref. and $2,158,200 com . had been exchanged. V . 92, p. 59, 116, 321.
General Mortgage As— Amounts Reserved—
In 1895.
In 1912.
B O N D S .— In M a y 1913 $750,000 6 % gold notes were sold, secured by
To retire guar, fund notes paid and car trusts_____ $15,500,000 $2,339,383
depositor $1,250,000 im pt. and extension 5% bonds o f an issuo limited to
Underlying bonds. — ............................................ .. 3,000,000
2,004 960
$1(5,000,000, to be a first lien on $400,000 o f new equipment a n d a s e c o n d
For Improvements, terminals, second track, A c___ 30,000,000
1,852,102
lien on entire road, with all other equipment, A c.,to retire $600,000 notes and
1 or acquisition of Atlantic & Pacific and other lines 20,000,000
6,731,554
f
ft
ft
ft
ft
ft
ft
J une , 1913.]
RAILWAY STOCKS AND BONDS
c:
10
RAILWAY STOCKS AND BONDS
R A ILR O A D C O M P A N IE S .
rF o r abbreviations, <fcc., see notes on irst page.]
M iles Date
R oad Bonds
Atchison Topeka & Santa Fe— (Concluded ) —
Santa Fe Pres A Phoenix— 1st M $5,000,000 g Ba ,c*
195
• Prescott A Eastern 1st m tge prin & int guar___Cc*
45
835
C al-A rL IstA ref M $50,000,000 g red 110,G .xc*A r*
Athens Terminal Co— 1st M gold redeem 105— N.c*
337
Atlanta Blrm & Atl— A tl A B R y 1st M red 110-O B.c*
___
Receivers’ certfs $5,000,000 auth red p a r .o ______ c
___
A tl Blrm & A tl 1st M $30,000,000 g red 106..O B .C *
Joint coll tr notes g ext 1910 & 1912 red p a r .-E q .c *
Equip bonds due $60,000semi-annually_________ Eq
___
Equip bonds Ser B (V 85, p 39) due $86,000 s-a ___(i
___
Georgia Terminal Co 1st M '$4,000,000 g gu p & I.O B
Alabama Term ’l R R 1st M $4,000,000 g gu p & 1 OB
263
Atlanta & Charlotte — Stock (see t e x t )______ ______- Atlanta Knoxville & Northern R y— See Louisville & N ashvlll
85
Atlanta & St Andrews Bay— 1st M $1,000,000 g r e d . .
85
2d M ($1,000,000 auth) _ _____ ________________
3.3
Atlanta Terminal— First mtge $1,500,000 gold .G .c*A r
86
Atlanta & W est Point Stock $2,500,000 auth---------Atlantic C ity— First M tge $2,200,000 g o ld -.G u P .x c*
83
A tlantic City purchase m oney real estate m tg c -.G P
66
1st cons M $4,500,000 gold guar....... ..................... GP
All
Atlantic Coast Line Co (Conn)— S tock $30,000,000-.
Certfs o f lndebt Inc non-cum $ 5 .0 00 ,0 0 0 ...S B a .r
do Class B red 105 after N ov 1920 (V 89,p 1666)
do redeemable at par since 1910..........................
Atlantic Coast Line R R — Stock com m on (tex t)............
Class “ A " com stock tax exem pt (R ich & Pet certfs)
Preferred stock 5 % ...........................................................
Coll tr M gold secured b y L & N stk r d 105-_c*<fcr
Unified m ortgage gold $200,000,000 auth____c*& r* 4 ,2 2 1
Conv debs $23,562,500 red 105 after May ’ 16-SBa.r
W ash & V an 1st M $1,500,000 g gu p & l-.S B a .c *
40
WInst-Salem S o’ bd 1st M $5,OOO,O0Oggu.lls.xc*Ar*
89
Equip trust bonds gold $225,000 due s-a .-S B a -c*
do
ser B gold $125,000 due s-a______ SBa
Bonds to be Refunded by Unified 4s—
First consol M $51,326,000 gold (text) ..F .c * Ar« 3,945
Certificates o f Indebtedness (new ).............................
North East (S C) cons M gold Flor to Charleston, .c
102
1892
1898
1912
1907
1904
1912
1906
1906
1906
1907
1907
1907
____
c
1908
1908
1903
1889
1900
1898
1901
Par
Value
A mount
O utstanding
$1,000
1,000
$ & £
1,000
1.000
1,000
1,000
1.000 Ac
1.000
1,000
1,000
1,000
100
$4,940,000
224,000
18,299.695
200,000
4.090.000
4,700,000
14,443,000
6.045.000
420,000
688,000
3,000,000
2.445,000
1,700,000
1,000
425,000
425,000
1,500,000
2,462,600
2.200,000
75,000
350,000
1.851,000
17,640,000
5.000.000
61,800
3.000.000
68.557,200
1,000,000
198,500
35.000,000
9.667,000
.9,292,040
720,000
5,000,000
1.575.000
2.125,000
1,000
100
1,000
1,000
1902
1909
1909
1907
1910
1907
1911
1,000
100
100 Ac
100 Ac
100 Ac
100
100
100
1.000 Ac
1,000
100 Ac
1,000
1,000
1,000
1.000
1902
1902
1883
1,000 Ac 48.813,000
100 Ac
232.900
1,000
657.000
1897
1900
1905
A djust. (Incom e) M ine, a b s tr a c t, V . 62, p. 739. Int. payablo only If
earned up to 4 % In each year, cum ulative. Present issue limited to $51,
728,000, DUt when the $30,000,000 gen. 4s auth. for improvem ents as above
have been Issued, 520,000,000 additional adjustment 4s m ay be Issued for
the same purpose at n ot exceeding $2,000,000 in any one year, but only by
a m ajority vote o f the adjustment bondholders. Interest— In N ov. 1897
paid 3 % : since, full 4 % yearly.
Eastern Oklahoma division 4s o f 1903, V . 76, p . 434; V . 79, p. 1331:
V . 84. p. 1549: V . 85, p. 598; V . 86, p . 980, 1041.
The "Trans-Continental Short L in e" first gold 4s of 1908 are limited to
$30,000,000 auth. Issue. The $17,000,000 sold In A ug. 1908 covered 694
miles then In operation: the remaining $13,000,000 can be issued at $25,000
per mile. On June 30 1912 there were in operation 1,019.66 miles, com pris
ing the lino from A m arillo, T ex ., to Belen, N . M ., 343.15 miles; C lovis,
N . M ., to Pecos, T e x ., 271 m .; Canyon C ity Jet., T ex ., to Colem an, T e x .,
302.67 miles, and branches aggregating 102.41 miles. V . 87, p. 479, 878.
The debenture 4s o f 1902 are paid off $2,500,000 yearly from treasury
cash. See V . 74. p. 150. 204; V . 75, p . 680; V . 77, p. 2338.
The 4s o f 1905 ($49,711,000 auth. issue) are convertible Into com . stock
at par till June 1 1918. V . 79, p. 2695; V . 80, p. 649; V . 81, p. 1174;
V . 82, p. 391, 867. O f tho $26,056,000 issued in 1907, convertible at par
to June 1 1913, $17,309,000 have been exchanged. V .8 4 , p. 1051, 1112;
V . 85, p. 97, 283, 529. T h o $28,258,000 4s o f 1909 are convertible into
com m on stock at par to Juno 1 1918. V. 88, p. 1435, 1559. Tho $43,686,
000 4s o f 1910 are convertible into com . stock at par, since Juno 1 1913,
prior to June 1 1923. V. 90, p. 913, 1043, 1612; V . 92, p. 393, 593, 1700.
The several Issues of convertibles must be secured b y any future m tge.
covering the lines owned at tim e the convertible issue w as-m ade, and m ay
he called at 110 on any Interest day, but when called m ay be converted
into stock provided the time for conversion has not expired.
The California-Arlzona Lines 1st and ref. mtge. of 1912 ($50,000,000 auth.
issue, of which $18,300,000 4>$s were sold In Mch. 1912) covers 835 miles
of road, including the line from Needles to M olave, 242 miles, which was
acquired from the Southern Pacific C o., on which there are outstanding
$4,127,500 Sou. P ac. bonds due N ov. 1 1937. The latter also cover over
i.OOO miles of Sou. P ac. C o., which has agreed to indemnify the Cal. Arlz.
A Santa Fe R y . against any claim on account thereof.
Of the remaining C al.-A rlz. bonds, $26,533,000 are Issuable for not
exceeding the actual cash expenditures for betterments. Improvements and
additions on and after Jan. 1 1912 and $5,167,000 are reserved to refund the
underlying bonds, $4,940,000 Santa Fe Prescott A Phoenix 5s, $224,000
Prescott & Eastern 5s and $3,000 on the line from Goffs to Ivanpah, Cal.,
45 miles. V . 94, p . 649, 696, 766: V .9 5 , p . 543.
L A T E S T E A R N IN G S .— U 912-13.G ross, $98,907,424; net, $33,256,364
10 m os., July 1 to April 3 0 ./1 9 1 1 -1 2 .Gross, 89,869,954; net, 29,911,934
For 10 m os. o f 1912-13 bal. after taxes. $29,359,751, agst. $26,367,259.
R E P O R T .— Annual meeting fourth Thursday in O ctober. R eport for
year end. June 30 1912 was given In V . 95, p. 962. 980: see also p. 937.
.
„
1911-12.
1910-11.
1909-10.
Average miles operated...................
10,628
10,350
9,916
Operating revenues............................ $107,752,360 $107,505,116 $104,993,195
Operating e x p e n s e s .......................... 71,273,203
70,768,252
69,761,820
T a x e s ............................
4,206,454
3.474.607
4,006,419
Operating Income............................$32,272,703
Other Income......................................
2,569,968
$33,322,257
2,207.366
$31,224,956
2,550.055
T otal Income.................................... $34,842,671
Interest on bonds..... .......................... $13,660,859
Hire of equipm ent, rentals, Ao___
1,918,530
5,708.690
Dividends on pref. stock (5 % )___
Dividends on com . stock (6 % ) ___ 10,168,185
Additions and betterm ents______
3,300,000
$35,529,623
$12,712,319
1,860,376
5,708,690
9,932,460
5,000,000
$33,775,011
$11,984,151
2,068,294
6.70S.090
Balance, surplus.
9,648,030
4,000,000
$86,406
$315,778
$365,846
O F F IC E R S .— Chairman o f E xecutive Com m ., W alker D . Hines; E . P .
R ipley, President: D . L . Gallup. C om p.: C. K . Cooper, A sst. Treas.
Directors.— Charles Steele, Edward J . Berwlnd, A .D . Jullllard, H . R leman Duval, Thomas P . Fowler, W alker D . Hines, N . Y .; T . D eW ltt Cuyler,
Phlla.; John G . McCullough. Verm ont; B . P . Cheney, Boston; Edward P.
R ip ley, B yron L. Smith, C hicago; A ndrew O . Jobes, M errlam , K as.; H owel
Jonos, Charles S. Gleed, Topeka; I f. O . Frick, Pittsburgh.
O ffice, 5 Nassau S t., N . Y .— (V . 96, p. 285, 945, 1088, 1627, 1775.)
A T H E N S T E R M I N A L C O . — Owns freight terminals and approaches In
Athens, Ga. Stock $25,000, equally owned b y Seaboard A ir Line and
Gainesville Midland, which agree to pay operating expenses and Interest
oharges in proportion to tonnage use. Bonds ($250,000 auth. Issue), see
table above. Pres., W . R . Beauprle, Gainesville, Ga.; See. A Treas.,
Gordon C. Carson, Savannah, Ga.
A T L A N T A B I R M I N G H A M & A T L A N T I C R R .— Owns Brunswick. Ga..
to Birmingham, A la., 453 miles; Sessoms to W aycross, Ga., 26 miles;
Fitzgerald to Thom asville, Ga., 81 m .; Atlanta to Manchester. 75 m .;
P yrlton to Ashland, 7 m .; leases Georgia Terminal C o., In Atlanta, 2 m .;
trackage in Atlanta, 2 m .; total, 659 miles. (V . 84, p. 1426; V . 80, p. 115.)
A tl. Gulf A W . I. SS. Co. operates N . Y . to Brunswick. V . 91, p . 565.
R E C E IV E R S H IP .— On Jan. 2 1909 receivers were appointed, the Jan.
1909 coupon on the first 5s of 1906 being defaulted. V . 88, p. 99, 156— see
table above. H . M . Atkinson and E . T . Lam b are receivers. V . 88. D.
821; V . 91, p. 945; V . 93, p. 406; V . 95, p. 1744. $3,250,000 2-ycar 5 % re
ceiver’s certificates sold to replace 19 miles trackage Into Birmingham and
build Bessemer branch. A c.. were extended 1 year In 1911 and $200,000
additional authorized. V. 88, p. 1497, 1559; V . 89, p. 40, 102, 223: V. 92.
p. 1700; V . 93, p. 43; V . 94, p. 415. In June 1912 $5,000,000 5 % one-year
receivers’ certlfs. were authorized, of which $4,700,000 were sold, the pro
ceeds to be used to retire the $3,250,000 certlfs. duo July 1 1912 and the
prln. and Int. of all equipm ent trusts to Sept. 1 1912. and the remainder
R ate
%
When
Payable
M
5 g
A
5
4A g M
5 gJ
J
5 g
J
5 g
J
5 g
M
5 g
M
5
5
J
J
5 g
5 g
J
7
M
6 g
5
4 g
6 in 1912
5 g
4H
5 g
4 g
12 in ’ 12
5 cur
4
4
7 In 1913
7 In 1913
5 In 1912
4 g
4 g
4
4H g
4 g
4 g
4A g
4 g
4
6 g
[Vol.
A
XCV I
Last Dividend Places Where Interest and
and M aturity
D ividends are Payable
A
A
A
A
A
A
A
A
A
A
A
A
A
S Sept 1 1942
O Apr 1 1928
s Mch 1 1962
J July 1 1937
J Jan 1 1934
,1 July 1 1913
J Jan 1 1936
N May 1 1915
N N o v ’ 1 3 -N ov’ 16
J Jan ’ 14 July ’ 17
J Jan 1 1927
,T July 1 1927
S M ch 4 1913 3 A
A
O Oct 1 1938
J
J
M
A
A
Bankers Trust Co, N Y
Central Trust Co, N Y
5 Nassau St, New York
New York Trust Co, N Y
Old Colony Trust Co, Bos
Farmers' L A Tr Co. N Y
Jan 1909 coupon not paid
M a y 1913 coupon paid
M a y 1913 coupon paid
Jan 1913 coupon paid
Jan 1909 coupon not paid
Jan 1909 coupon not paid
U S M tge A Tr Co, N Y
New Y ork and Atlanta
A D June 1 1953
A J Jan. 2 1913 3 %
A N May 1 1919
A () Apr 11930
A O Apr 1 1948
A J July 1 1951
J
c; — M Juno 10 ’ 13 3 %
A D Irredeemable
j
A J
j
A ,J Jan 1 1925
j
A J July’ 1 0 1913 3 H
j
A J Ju ly’ 1 0 1913 3 A
j
M A N May 11 1913 2 H
M A N Oct 1 1952
,T A D Deo 1 1959
M A N N ov 1 1939
F A A Feb 1 1947
J
A ,T July 1 1960
M A S To Mch 1 1917
J
A D T o Deo 1 1921
Guaranty Trust Co, N Y
Atlanta, Ga
Reading Terminal. Phlla
do
do
M
M
J
United States Tr Co, N Y
Treas Office, W llm , N 0
United States Tr Co, N Y
<&
A
A
S July 1 1952
N Irredeemable
J Jan 1 1933
do
do
Baltimore
In 1913 paid 5%
In 1913 paid 4%
In 1912 paid 4%
Treas Office. W ilm , N O
do
do
do
do
.1 P Morgan A Co, N Y
United States Tr Co. N Y
Safe Dep A Tr Co. Balto
U S T r Co, N Y A Balto
United States Tr Co, N Y
U S Tr Co. N Y . A Balto
do
do
to pay equipment trusts to July 1 1913, & c. A s to refunding, see “ Chron
icle,” June 28 1913. V. 94, p. 1762, 1694.
General Committee.— Edwin S . Marston (Chairman), Frederick A yer.
Samuel Carr and John I . W aterbury requested deposits of all securities and
unsecured debt of com pany and allied properties. Depositaries, Bankers
Trust Co., N. Y ., and Old Colony T r. C o., B oston. V . 88, p. 1196: V. 90.
p. 235; V . 92, p. 116, 1563; V . 94, p. 1248.
Committee fo r F irst 5s.— S . H . Fessenden, Philip S tockton and F. H .
Farrar. City Trust Co. of B oston, depositary. V . 88. p. 99, 157. 684.
Committee fo r J o in t Collateral Notes and F irst 5s.— Geo. C. Clark. Chair
man; Geo. C. Clark Jr., S ec.; Equitable Trust C o., N. Y ., and American
Trust C o., B oston, depositaries. V . 88, p. 623, 685, 943.
S TO C K .— Par of shares, $100: Issued, com m on, $25,000,000; preferred,
$10,000,000. Of these. $17,000,000 com m on and $5,600,000 preferred de
posited under collateral trust notes.
B O N D S.— Of tho 5s of 1906 ($30,000,000 authorized Issue), $14,185,000
have been Issued, o f which $5,005,000 Is deposited under coll, trust notes.
The coll, trust 5 % notes (originally $8,000,000, but reduced to $6,239,
200 and extended In 1910 and 1912, per plan V . 90, p. 1237. 1295; V . 94,
p. 1248) are a Joint obligation of the railroad and the A tlantic A Birmingham
Construction Co. The Interest until paym ent thereof Is guaranteed b v the
shareholders o f the construction com pany or the syndicate raising $800,000
cash fo r the plan. T hey are secured by deposit of $5,005,000 A tl. Blrm. &
A tlantic 1st M. bonds and $5,600,000 pref. and $17,000,000 com . stock of
the railroad, $4,000,000 W oodw ard Iron Co. com m on stock and the $1,
100,000 stock and $1,000,000 bonds of Brunswlch SS. C o., the last-men
tioned being guaranteed b y A tlantic Gulf A W est Indies SS. C o., which In
1910 purchased the five boats owned. V . 82, p. 1267; V . 83. p. 35, 1290;
V . 84, p. 270; V . 85, p. 1404; V . 88, p. 451, 503; V . 94, p. 412, 766. 1059,
1248. The Construction Co. also has outstanding notes that are not joint
obligations. See V . 95, p. 681. Equipm ent obligations other than In table
above, $30,000 5s, maturing $10,000 quar. (Q .-M .) to March 1 1914.
The Georgia Terminal Co. and A labam a Terminal R R . (controlled by the
A tl. Blrm. & A tl. R R .) were placed In receiver’s hands In F eb. 1909, their
bonded debts being, respectively, $3,000,000 and $2,445,000. V . 84, p .
1427. 1551; V . 85, p. 470, 1204; V . 88. p. 158, 227, 451, 503,563; V . 91.
P. 465; V . 93, p. 1323.
L A T E S T E A R N IN G S .— 11912-13____Gross, $2,763,348; net, $520,029
10 m os., July 1 to April 30./1 9 11 -1 2 __ Gross, 2,781,614; net, 651,257
Statement for year ending Juno 30 1912 In V . 95. p. 888, showed: Gross,
$3,246,302, against $2,810,410 In 1910-11; net, $676,825, against $662,593;
other Income, $36,654; taxes, $173,500; Int. (on equipts., $84,833; 1st 5s,
$204,500; receiver’s certlfs., $162,500), $451,833; rent of terminals (not
lncl. Georgia A Alabama terminals), $272,250; mlso. deductions, $36,798;
bal., d e f., $220,902.— (V . 95, p. 888, 1744; V. 96. p. 134.)
A T L A N T A & C H A R L O T T E A I R L I N E R Y . — (See Map Southern Railw ay
System .) — Owns Charlotte, N . C ., to Arm our, Ga.. 263 miles.
The operating contract of 1881 accepted b y the Southern R y . requires the
payment of Interest on A t. 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 b o n d s were extended to Jan. 1 1920 at 4 ^ % , purchased
b y the Southern R y . and placed under Its consol ..mortgage. V . 89, p.1595.
D IV ID E N D S ,
11881 to '89. 1890. 1891 to M ch. ’01 lncl.
Since.
P e rce n t..............
/ 5 yearly.
5A
6 yearly (M A S ).
7 yrly.(M AS)
Pres., C. S . Fairchild, New Y ork.— (V . 89, p. 1595.)
A T L A N T A & S T . A N D R E W S B A Y R Y . — Owns from Dothan, A la., to
Panama City, Fla., on S t. Andrews B ay. Gulf of M exico, 85 miles; opened
July 15 1908. Stock authorized, $1,000,000: outstanding, $300,000; par.
$100. The first 6s (Central Trust & Banking Corporation of Atlanta. Ga.,
trustee) are subject to call at par since Oct. 1 1911. V . 88, p. 685:
V . 83, p. 270. For year ending June 30 1912, gross, $213,527: net. after
tzxcs, $80,081. In 1910-U . gross, $179,80o. Pres., A . B. Steele, A t
lanta, Ga.; Sec., G. II. Purvis. Dothan. A la .— (V . 88, p. 685.)
A T L A N T A T E R M I N A L C O .— Owns union passenger station opened
May 14 1905, with approaches, used by Southern R y ., Central of Georgia
R y . and Atlanta A W est Point R R . Stock, $150,000, owned In equal pro
portions b y tho three com panies named, which pay all charges and ex
penses on car basis. V . 76, p. 593, 1394; V . 77, p. 699: V . 88, p. 1196.
A T L A N T A & W E S T P O IN T R R .— Atlanta. Ga.. to W est Point, G a..
86 miles. Georgia R R . Mch. 31 1910 owned $936,100 stock, but sold same
In 1 91 0 -il to the lessees at $135 Dcrshare, with the option of purchase at
same price on expiration o f lease. Operates Atlanta Belt Line, 5 'A miles;
rental, $16,000 y ly .— 4% on cost. V . 71, p.983; V. 73, p.1354; V .9 0,p .9 1 3.
D IV ID E N D S ,begun In 1855. were for many years 8 % per annum. From
July 1 1884 to July 1901. Inclusive, 6 % yearly. J . & J.: O ct. 1 1899. 25% ex
tra: 1902 (T); 1903. 6 % ; 1904 to Jan. 1913, 6% yearly.
In 1911-12 gross, $1,263,363; net ,$275,341; other Inc. $41,750; charges,
$55,159; d lvs., $147,756; surplus, $ 1 1 4 , 1 7 6 .— (V . 93. p . 1104.)
A T L A N T I C C I T Y R R .— Camden to Atlantlo City. 57 m . (double track);
branches, W inslow Junction to Cape M ay, N. J ., 54 in.; Willlamstown, 23
m .; Gloucester, 11 m .; Sea Isle City, 12 m .; Ocean City, 10 m .-to ta l, 167 m.
V. 72, p. 1278. STO C K , co m ., $2,625,000; pref., $1,000,000 (par, $50).
Reading Co. owns over 99% of stock, and guarantees consol. 4s, prin. and
Int. Form o f guaranty, V . 75. p. 1398. O f the latter, $2,650,000 are
reserved to retire prior lien bonds. See V . 73, P- 81. There are also out
standing $22,800 Sea Coast R R . series A 5s and $2,617 series B 5s.
E A R N IN G S .— 10 m o s.,11912-13.........Gross, $1,762,589; not, $345,707
July 1 to April 30. /1911-12..........Gross, 1,717,817; net, 414,336
Year ending Juno 30 1912, gross, $2,126,756; net, $530,952; d ef. after
charges, & c.. $60,714. In 1910-11, gross, $2,020,598; net, $463,674: other
Income, $44,746: int., taxes, A c ., $550,538; Improvements, $45,127; bal.,
d e f., $87,245.— (V . 82, p. 750.)
A T L A N T I C C O A S T L I N E C O .— Organized May 29 1889 under the laws
of Connecticut, and owns a m ajority o f the capital stock and a large amount
o f the bonds of the Atlantic Coast Line R R . below.
S TO C K .— Increased In 1910 to $17,040,000. V . 89, p. 1666.
.Tune , 1013. J
RAILWAY STOCKS AND BONDS
U
12
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
(For abbreviations, & c., see notes on first page.]
Atl Coast Line R R (Cone!) —
A tlantic C L of S C gen 1st M (1st on 594 m )gS B a.c*
Petersburg M class A gold _________________________
do
do
class B gold (Petersburg to W eldon)
R ichm ond A Petersburg 1st M ($24,500 are 7 s)____
Consol M g (R ichm ond to Petersburg, A c )..C e .c *
W llm A W eldon gen M ($938,000 are 4s) g _.S B a .c*
W ilm ington A New Bern 1st M gold assumed SBa
N or A Car 1st M gold (P Pt Va to Tar, N O - Ce.c*
Second m ortgage g old ......... ................... ...... SBa.c*
S av Fla & W 1st M g ($2,444,000 arc 5s)__Alp.c* Ar
Charleston A Savannah gen mtge gold ____ SBa.c*
Bruns A W 1st M (Brunswick to Albany) g gu Mp.c
A labam a Midland 1st M g (Balnb to Montg) ..M p .x c
Florida So 1st M gold ..................
AB c*
SaSford A St Petersburg first m tge g o ld .
’
PeP
A shley R iver first m ortgage________________________
Sll S o O A G 1st M gold (Ocala to In v A brj ..E q .c *
Atlantic & Danville— 1st M $4,425,000 g lnt rent.Bac*
Second m ort $1,525,000 gold Interest ren ta l.-L q .c*
Atlantic & North Carolina— Stock $1,800,000..............
First mortgage $325,000............................... ...M e B a
Atlantic & St Lawrence— Stock 6 % rental Grand T r’ k
Atlantic & W estern— First mtge $1,500,000_____ FBa
Augusta & Savannah—Stock 5 % rental Central of Ga
A ugusta Southern— First consol mtge gold ____C e.xc
Augusta Union Station— First M $250,000 g o ld ___SB
Austin & N W — See H ouston A Texas Central
Avon Gencseo & Mt Morris R R — Stock (see t e x t )____
Baltimore Chesapeake & Atlantic— IstM g o ld . .A lp.c*
Balt & Cumberland Val R y— 1st M Interest rental____
Balt & Cumberland Val R R — 1st M Interest rental____
B & C V RR Exten— Stock gu ($270,000 carries 7 % ) .
Flrst mortgage Interest rental....................................Ba
Baltimore & Harrisburg R R — Mortgage gold.A leB a.c*
First M W est E xt ($16,000 p m) gold guar.M eB a.c*
Baltimore & Ohio— Comm on stock $210,250,000-------Pref stock 4 % non-cum authorized $60,000.000____
Prior lien mtge gold not subject to ca ll____ Ba.c* Ar
First M gold red at 105 after July 1923 . . U s . c ’ &r
U Registered Interest Q-J
M iles Date
Road Bonds
696
68
68
22i
27
479
90
110
110
547
111
169
174
244
145
4
64
278
278
1898
1881
1881
1875
1890
1885
1897
1889
1896
1884
1886
1888
1888
1895
1894
1877
1888
1900
1904
95
167
25 >4
53
82 >4
1887
88
3
5
___
27
32
15
...
___
1.076
1.657
1912
____
1894
1903
1894
1879
1879
1881
1886
1888
____
1898
1898
$1,000
1,000
1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
£ A $100
500 Ac
100
1,000
1,000 Ac
Rate
%
A T L A N T I C C O A S T L I N E R R . — (See M a p .)— Operates from Richm ond
and N orfolk, V a.. on the north, to Fort Myers, Port Tam pa and River Jet.,
Fla., on the south, and M ontgom ery, A la., and Augusta, G a., on the west,
reaching the ports o f N orfolk, V a.; W ilm ington, N . C .; Charleston, S . C.;
Savannah and Brunswick, G a., and Jacksonville and Port Tam pa, Fla
Lines owned and trackage— M iles.
Lines owned, &c. (Con.)— M iles.
R ichm ond, V a., to Port Tam pa,
Paola Jet. near Sanford to St.
907
F l a ...................
Petersburg, F la........................ 145
N orfolk, V a., to South R ocky
Palatka, Fla., to B rook svllle.. 145
M ou nt_____________________
1Milldale,
15
Fla., to Perry_____ 163
Contentnea to W ilm in g t o n .... 109 Branches, A c________________ 1,588
W ilm ington, N . C „ to Pee Dee
Leased—
Junction ___________________
9 7 Central R R . of S o. Carolina—
Florence, S. C., to Augusta, Ga. 167
Lane to Sumter S . C _____
40
Sumter to Columbia......... ...........
43 Other lines......... ...........
26
Yadkin Jet. (W ilm ington, N.C.)
to Sanford___________________
116 Total In earnings___________ 4,568
W aycross, G a., to Folkston, Ga.
34 Closely allied lines (see each co.) —
Jesup, Ga., to M ontgom ery, A la. 355 Louis. A Nash. (Incl. Ga. R R .) .7,948
Brunswick, Ga., to A lbany____ 169 Charleston A Western Carolina. 341
Dupont Jet. to Fort Myers, F la . 349 Northwestern R R .o t S o . C a r ..
71
Also owns one-sixth Interest In the R ichm ond-W ashington Co. Leases,
Jointly with the Louisville A Nashville R R ., the Georgia R R ., 571 miles.
In July 1909 agreed with N orf. A W est, to build Jointly Winston-Salem
Southbound R R ., W inston-Salem , N. C., to W adesboro, 89 miles (com
pleted M ch. 1911), guaranteeing gold 4s. See that com pany.
Extensions from M on ticello to Perry, F la., a bou t 35 miles, and from Oldtown to Dunnellen, 50 miles, are proposed, making a short route to Tam pa,
F la ., tho latter to be com pleted b y July 1 1913. V . 94, p. 416; V . 95, p.
1411. N ew line from Archer, F la ., to M orriston, F la ., 20 miles, replacing
trackage, was com pleted Juno 1913.
O R G A N IZ A T IO N .— On April 18 1900 absorbed by consolidation (V . 70.
p. 840, 893), W ilm ington & W eldon R R ., Atlantic Coast Line R R s. of S. C.
and V a. and N orf. & Car. R R . Florida Southern and Sanford A S t. Peters
burg were merged April 1903. V. 76, p. 918, 971. The Atlantic Coast
Line Co. (of Conn.) June 30 1912 owned $36,050,895 com m on stock. See
that com pany above. V . 70, p. 893; V . 71, p. 1116: 1310; V. 83, p. 560.
S av. Florida A Western R y . was merged In 1902. V . 74, p. 774, 829.
In O ct. 1902 acquired $30,600,000 of the $60,000,000 Louisville & Nash
ville R R . 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.
S T O C K .— A tl. Coast Line of V a. class A (R ich. A Pet. ctfs.) tax-exem pt
Stock was assumed as so much of the com . stock of the new com pany.
Stockholders voted N o v . 1912 to increase tho auth. com . stock from
*70,000.000 to $76,000,000. V . 95, p . 1402; V . 89, p. 1141, 1346.
Stockholders were offered tho right until F eb. 3 1913 to subscribe for
*6,250,500 new com . stock at par to be applied on account o f tho cost o f
capital expenditures and tho com p a n y’s proportion ($6,120,000) o f the
*12,000,000 now Louisville & Nashville stock. V . 95, p. 967, 1402.
The pref. stock ($18,850,000) was In 1902 mostly exchanged for 125% In
4 % certificates of Indebtedness. V . 75, p. 1252.
D IV S . ( % ) — ’01. ’ 02. ’03-’05. ’06. ’07. ’08. ’ 09. ’ 10. ’ l l . ’ 12. 1913C om . (Incl. Cl. A .)2>4 31$ a5 y ’ rly 6
6 05)4 5)4 6
6
7
7
P referred ..............5
5
5 y ’rly 5 5 5 5
5 5
5
214
a A lso in 1905 2 0% in com . stock scrip and 5 % in A tlantic Coast Lino C o .
4 % certificates o f Indebtedness. V. 81, p . 1558. b Includes 3 % paid in
Jan. in A tlantic Coast Lino R R . 4 % certificates o f indebtedness.
B ON DS.— 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.
Purposes for which the $200,000,000 Unified 4s were or are Issuable.
Issued for Improvements and refunding ($6,017,000 s o ld )___$15,009,000
Reserved to retire 4 % certs, o f Indebtedness [the holders of all
but $232,900 of the outstanding $21,566,600 4 % certs, of In
debtedness exercised the option to exchange till M ch. 1910
for deb. or unified bonds at par. V . 89, p. 1481].................... 23,562,000
Reserved to retire underlying b o n d s .._______ __________________ 84,090,000
Reserved (along with any bonds not Issued to retire certs, of
Indebtedness) for future construction, improvem ents, & c .. . 77,339,000
T h e unified 4s were a first lien April 1 1913 on 274 miles and a blanket
Hen on the remaining 3,948 miles owned, subject to underlying bonds.
V . 92, p. 1563; V . 89, p. 1141, 1316; V . 96. p. 715. 789.
The 4 % convertible debentures will be redeemable after May 1 1916 at
105 and convertible at the option of the holder Into com m on stock at $135
a share at any time up to Jan. 1920, or, if called, up to 30 days of date.
A s to the $35,000,000 collateral trust 4s of 1902, see “ Organization”
a bove. They are subject to call at 105 In amounts not less than $100,000.
There were outstanding June 30 1912 $46,000 Bruns. A W est, incom es.
• The W ashington A Vanderaerc 4 K s ($1,500,000 authorized, of which
$720,000 outstanding) are guar., p. & 1., b y endorsem ent. V . 84, p. 1246.
FIN A N C E S .— In Feb. 1910 the Louisv. A Nashv. dlv. rate was raised
from 6 to 7 % and In Jan. 1912 that of the Atlantic Coast Line R R . to same
rate. V . 89, p. 1595. Bonded debt per mile Juno 30 1912, $21,614. In
M arch 1914 $3,500,000 unified 4s were sold.
A s to $6,250,500 new com m on stock in 1912, see S T O C K above.
L A T E S T E A R N IN G S .— / 1912-13-Gross, $30,589,746; net, $8,897,478
10 m os., July 1 to April 3 0 .[1 9 1 1-12-Grass, 28,065,622; net, 8,407,452
When
Payable
Last Dividend
and Maturity
$5,047,000
4 g
J
A J July
868.000
5 g
,1 A J July
800,000
6 g
A A O O ct
340,500 6 A 7 M A N May
300,000
4 X g A A O Apr
4,000,000 4 g A 5 g J
A J July
106,000
4 g
F A A A ug
1,320,000
5 g
A A () Apr
400,000
J
A ,1 Jan
6 g
6,500,000 5 g A 6 g A A () A pr
1,500,000
7 g
J
A J Jan
1,407,000
,T A J Jan
4 g
2,800,000
5 g
M A N N ov
2,418,000
,r
A .1 Jan
4 g
275,000
J
A J Jan
4 g
33,500
J
8
A ,T Jan
492,000
J
4 g
A J July
3,925,000
4 g
J
A ,T July
1,525,000
J
A J July
4 g
1,797,200 See text Seml-an July
325,000
6
,T A J July
5,484,000
M A S Mch
6
275,000
M A N May
5
1.022,900
5
J
A J July
400,000
5 g
J
A D Dec
225,000
J
A J July
4 g
100
225,000
3)4
1,000
1,250,000
6 g
500
48,500
6
100 Ac,
72,800
6
50
390,600 5 A 7
1,000
230,000
6
1,000
690,000
5 g
1,000
240.000
5 g
100 151.949,997 6 In 1912
100 58,865.435 4 In 1912
500 Ac 74,852,150
3)4 g
500 Ac 74.978,750
4 g
As to the certificates of Indebtedness, see editorial O ct. 1897, Supple
m ent. p. 3: 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 A tlantic Coast Line
R R . Co.) as a 100% dividend. (V . 71, p. 697; V . 73. p. 493.) As to se
curities pledged to secure equally the certificates of Indebtedness, see V .
17, p. 1310; V . 83, p. 560. Bal. sheet 1912. V . 95, p. 1036.
GASH
V 01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. iT913.
D IV S .— %J 4)4 6)4 8
8
9 10 10
8
9
10 10
12 3 , 3 , - . Chalrman, Henry W alters.— (V . 93, p. 1101, 1724; V . 95, p. 1036.)
Amount
Outstanding
Par
Value
[VOL. XGYI.
,T
M
J
,T
J
J
M
M
M
M
J
A
A J July
A S Sept
A J July
A ,T July
A J July
A ,T July
A N N ov
A N May
A S Mch
A S Mch
A J11 July
A OH July
1 1948
1 1926
1 1926
1 1915
1 1940
1 1935
1 1947
1 1939
1 1946
11934
1 1936
1 1938
1 1928
1 1945
1 1924
1 1915
1 1918
1 1948
1 1948
15 ’ 13 1)4
1 1917
1913 3%
1 1952
6 1913 2)4
1 1924
1 1953
Places Where Interest and
Dividends are Payable
Safe Dep A Tr Co, Balto
Merch Nat B k, RIoh’d,Va
do
do
Merch Nat B k, R lch ’d.V a
Brown Brothers, NY
First Nat B k, N Y , ABalt
Safe Dep A Tr Co, Balt
Central Trust Co, N Y
Safe Dep A Tr Co, Balt
United States Tr Co, N Y
do
do
do
do
Metropolitan Tr Co, N Y
United States Tr Co, N Y
do
do
People’s B k, Chast’n.S O
United States Tr Co, N Y
Bankers Trust Go, N Y
Equitable Trust Co
Check from Co’s Office
Nat Mechanics' B k, Balt
L ondon and Portland
Fidelity Tr Co, Balt
Savannah, Ga
J P Morgan & Co, N Y
Safe Dep A Trust C o,B alt
1 1913 1H Erie Railroad. New York
1 1934
Broad St Station, Phlla
1 1929
M erT r A Dep Co, Balt
1 1929
do
do
1 1913
Com pany’s office, Balt
1 1931
Mer T r & Dep Co, Balt
1 1936
do
do
do
do
1 1938
1 1913 3 % Co’s O ffice, 2 W all S t,N Y
do
do
1 1913 2%
do
do
1 1925
do
do
1 1948
For 7 m os. ending Jan. 31 1913, ..net after taxes, $5,296,570, against
$5,325,518; other incom e, $1,769,814; charges, $3,316,287; bal., surp.,
$3,750,097. V . 96, p. 1088.
R E P O R T .— R eport for year ending Juno 30 1912 at length, V . 95, p .
1393, 1410 (editorial, p . 1363):
„
1911-12.
1910-11.
1909-10.
Gross receipts...............
$31,463,558 $31,622,449 $29,810,268
Operating expenses and t a x e s ............. 21.940,978 21,727,786 19,823,117
N et receipts from tra ffic...................... *9,522,580 *9,894,663 *9,987,151
Other incom e.............................................. 1,063,304
1,102,068
805,156
D ividend on L . A N . s to ck ..............( 7 % ) 2 ,142,000 (7)2,142,000 (7)2.14 2 .000
T otal net receipts.................
$12,727,884 $13,138,731 $12,934,307
Interest on bonded d eb t, & c___________ $5,649,558 $5,501,056 $5,506,300
ln t. on certificates o f indeb ted n ess..
9,378
9,378
379,359
Hire o f equipment and term rents____
58,066
121,302
55,394
D ividend on preferred stock ( 5 % ____
9,925
9,925
44,877
D ividend on com m on s to ck ...................(7)4,088,661 (6)3,477.864 (6)3,195,060
Balance, surplus.................
$2,912,296
*4,019,206 *3,753,317
O F F IC E R S .— Chairman of Board, Henry Walters; Pres., T . M. Emerson:
1st VIce-Pres., Alexander Ham ilton; 2d V lco-P rcs., C. S . Gadsden; 3d VicePres., J. R . Kenly; 4th V lce-Pres., R . A . Brand; Gen. M gr., W . N. R oyall;
S ec.. Herbert L. Borden; Treas., James F. Post.— (V . 96. p. 1088.)
ATLANTIC & D A N VILLE R Y .— (See M ap Southern R y .)— W est N or
folk to Danville, V a., 205.1 miles; three branches, 22.25 miles; James River
Jet. to Claremont (3-ft. gauge), 50.36 m .; total, 277 m. Leased to Southern
R y . from Sept. 1 1899 to July 1 1949 for taxes, repairs, malnt. and cash
rental sufficient to cover lnt. charges, with privilege of renewals for terms of
99 years. In addition the Southern R y . agrees to pay the same rate o f d ivi
dends on com . stock as paid on Its own com . stock. V .71,p .447; V .79,p .625.
Suit to enforce provisions o f lease, V . 95, p . 1606.
B ON DS.— Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
Improvements upon request of Southern R y ., 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 . 89, p. 1410; V. 95, p . 1606.)
ATLANTIC & NORTH CAROLIN A R R .— Morehead City to .Goldsboro,
N . C., 95 miles. State of North Carolina owns $1,266,500 of $1,797,200
stock, E . O. D uncan, Pres. M erchants’ N at. B k ., Raleigh, and a director
o f N orfolk & Southern R R ., who in April 1913 had acquired about $270,000
o f the private holdings at $75 per share, also offering tho samo for the State's
holdings. V. 96, p. 862, 1088. Leased from Sept. 1904 to Jan. 1 1996 to
Atlantic & Nortli Carolina C o. (the lease being later transferred to N orfolk
Southern R R .) for lnt. on bonds, taxes, A c ., and divs. at 3 % for 20 years,
increasing )4 % every 10 years till 5 % is reached; thereafter, 6 % .
D IV S .— ’93. ’ 94. ’95. '96. ’97. ’ 98. ’ 99. 1900-04. U nderlease
Per ce n t____ 2
2
0
2
2
2
2
0
as a bove.
P res., Frank S. G annon.— V . 83, p. 1522; V . 96, p. 862, 1088.)
ATLAN TIC QUEBEC & W ESTERN R Y .— V . 91. p. 1253.
ATLANTIC & WESTERN R R .— Owns Sanford to LUlIngton, N . C ., 25 H
miles, extension from Sanford to Goldsboro being proposed. In May 1912
Middendorf, Williams & Co. of Baltimore acquired con trol. V . 94, p . 1249.
Stock, $275,000; par, $100. Bonds Issuable at $12,000 per mile. See
table above. For year 1911-12 (9 miles), gross, $19,512: net, $5,970; lnt.,
taxes, A c., $6,000: bal., det., $30. Pres., II. C. Iluffer Jr., Baltimore, M d.
See. and Treas., W m . C. Cooke.— (V . 94, p. 1249; V . 95, p. 1038.)
AUGUSTA & SAVANNAH R R .— Mlllen to Augusta, G a.. 53 miles. In
1895 ro-leased to Cent, of Ga. for 101 yrs. at 5% on stock .— (V . 61, p . 239.)
AUGUSTA SOUTHERN R R .— Owns from Augusta to Tennllle, G a., 82
miles. The Southern R y. In Jan. 1901 acquired abou t four-fifths of stock.
V . 73. p. 343. Com. stock, $400,000; pref.. $350,000; par, $100. Year
ending June 30 1912, gross, $197,204; net, after taxes, $36,967; other In
com e, $10,785; int. and rentals, $46,027; im pts., $1,675; bal., sur., $50.
In 1910-11, gross, $170,931; net. $31,319.— (V . 80, p. 2219, 2456.)
AUGUSTA UNION STATION CO.— Owns union passenger station at
Augusta, Ga., used b y all roads entering the city , the latter under their
operating contract providing for Interest on the bonds and 4 % dividends on
stock
Stock, $75,000 (5% paid In), held equally b y Southern R y .. A tlan
tic Coast Line R R . and Georgia R R . V . 78, p. 2333; V . 79. p. 500. Pres.,
Thos. K . S cott; Sec. and Treas., Carlton HUlyer.— (V . 82, p . 48.)
AVON GENESEO & MT. /MORRIS R R .— Mt. Morris to A von , N . Y ., 18
miles. Leased to Erie R R . Feb. 26 1896 in perpetuity; rental (after 1911),
314% on stock.— (See V . 63, p. 512; V . 62, p. 318, 589.)
BALTLMORE C H ESAPEAKE & ATLANTIC R Y .— Owns Claiborne to
Ocean City, M d., 87.66 m .; from Claiborne to Baltim ore, 44 m ., transfer Is
mado by water; steamer lines owned, 1,134 m .; total mileage owned and
operated, 1,221.66 m . Tho Pennsylvania and P hil. B alt. & W ash. In F eb.
1911 were authorized to purchase at $70 per share the $478,100 m inority
pref. stock, the Penn, and allied cos. already owning all the $1,000,000
com m on and 78% o f the $1,500,000 5 % cum . pref. stock. V .92,p.525, 593.
Dlv. on pref., 2% M ch. 1 1905; in 1906. M ch., 3 % ; O ct., 2 % ; In 1907 M ch.,
3 % ; Sept., 2 % ; in 1908, O ct., 2 % : 1910. Jan., 5 % ; S ept., 2 % ; 1911,
Jan. 31, 3 % ; Mch. 31, 2 % ; O ct. 2 3 % ; 1912, July 1, 214 % .
The stockholders voted on Jan. 26 1905 to acquire a m ajority of the stock
of the Maryland Delaware A Virginia R y ., extending from Queenstown,
M d., to Lewes, D el., with branches, a total o f 77 m ., and guarantee $2,000,
000 of Its first m tge. bonds. See that co ., V . 80, p. 116, 1058. In M ch’
1912 sold $200,000 5% cqulpt. trust notes (secured on tw o boats).
Fiscal year now ends Dec. 3 l . In 1912, gross, $1,130,881; not, *184.987;
other incom e, $13,917; charges, $167,050; balanco, surplus, $31,855.—
(V . 92, p. 525, 593. 724; V . 94, p. 1316.)
BALTLMORE & CU/MBERLAND (R R . AND R Y .).— The Railroad e x
tends from State Line, M d., to W aynesboro, Pa., 4.55 miles; stock, $76,700,
In $50 shares. The Railway extends from Edgem ont, M d., to State Line,
P a., 3 m .; stock, $42,500, In $50 shares. Both are leased to Western
Maryland R R . for 50 years from July l 1879, with privilege of renewal or
purchase; rental, Interest on bonds.
June , 1913.]
RAILW AY STOCKS AND BONDS
«
14
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
Miles Date Par
Amount
Rate
[For abbreviations, A c., see notes onfirst page]
Road Bonds Value Outstanding %
B & 0 (Concl)— Southw Dlv lstM$45,O00,0O0g.F.cAr
930 1899 $500 Ac $44,992,530
3M
•
Equipment bonds due $1,000,000 yearly.,
do due $1,000,000 ylygtru(V94p349)(
do due $1,000,000 yrly (V 96, p 1555)
Bonds Underlying First Mortgage 3 Us—
Loan 1853 extended In 1885 gold_________
Clev Lor A Wheel cons M (now 1st) gold..U sm ,c
General mortgage $1,000,000 gold redeem 105 N.
Cons ret M $10,000,000 gold red at 102>*--Eq.c
Cleveland Term & Valley 1st M gold guar._ Ba ,c* A
Monongahela RIv R R IstM gold guar B & O .-Ce.c*
Ohio A Little Kan Ry 1st M $250,000 red 105 gold
Ohio River 1st mtge ($2,000,000) gold___ FP.c*
General mtge $3,000,000 gold 1st on 39 m iles..c*
Rav Sp & G1 1st M $400,000 g guar p A 1..FP.C*
Huntington & Big S 1st M $400,000 g guar------c*
Plttsb Cl & Tol 1st M g ($1,956,000 owned) .
Pittsburgh A Western 1st cons M $10,000,000 g -.c *
Ellwood Short Line 1st mtge gold $300,000------Q
W Va & P 1st M gold 5s scaled, red at par. Me.Ba.c*
LeasedLines, &c., Securities—
384
1,642
__
1898
500 Ac
1901
1.00C
1905
1913
500 &c
1913 1,000 Ac
1,001
1910
1912
l.OOt
1913
z6.176,23C
43.372.00C
Seo text
63,250,000
20,000,000
See text
9.000.00C
Seo text
1853
1868
1886
1882
1894
4s—
1893
1896
1900
1895
1889
1900
1886
1887
1890
1892
1882
1878
1887
1892
1890
500 Ac
1,00C
1.00C
1,000
1,000
7,500
4,000
1.009,000
a934,000
a243,000
1,000
1,000
1,000
1.000
1.000
1,000
1,000
1,000
1,000
1.000
1.000
100 Ac
1,000
1,000
1,000
6,000,000
890,000
950,000
3,301,000
700,000
228,000
2,000,000
2,941,000
361,000
303,000
441,000
82,100
650,000
300,000
3,982,000
1889
1895
12 1903
13 1893
__ 1886
1,000
1,000
1,000
1.000
1,000
377
_
144
7
7
ginia
192
192
102
88
30
72
172
209
33
11
77
30
215
3
176
5M
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
gJ A
z
3m g
M A
4 g
4 g .1 A
4M g M &
5 g .1 &
4
F A
4M g F A
A &
4M
4 g
4g
A
J
6 g
5g
J
J
5g
5g
A
A
A
M A
F A
M A
J A
A A
F A
J A
A A
J A
,T A
J A
A A
4M g M
4M e
4g
5
5
5
5
6
6
0
4
4
5
4
g
g
g
g
g
g
g
g
g
g
g
J1l July 1 1925
Co’s office. 2 Wall St, NY
Nov 1 1925
do
do
N Nov 1 1941
do
do
1) June 1 1948
do
do
s Mch l 1933
do
do
J July 1 1914
Now York and London
A To Feb 1 1920
A To Feb 1 1922
O T o April 1 1923
A O Oct 1 1935
A J July 1 1946
& S Sept 1 1930
A J July 1 1922
A J July 1 1922
Office. 2 Wall St. N Y
do
do
do
do
do
do
do
do
O Oct 1 1933
D June 1 1936
J Jan 1 1930
N Nov 1 1995
A Feb 1 1919
S Mch 1 1950
D June 1 1936
O Apr 1 1937
A Aug 1 1920
J July 1 1922
O Oct 1 1922
D June 1 1917
J July 1 1917
J Jan 1 1922
O Apr 1 1990
do
do
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
A N May 1 1939
A D Deo 1 1945
A D June 1 1925
A D June 1 1943
A n June l 1936
N May 1 1038
& o Apr 1 1960
do
do
Amcr Bonding & Tr.Balt
518 Walnut St. Phlla
17 State St. New York
Bankers Trust Co, N Y
To City of Chicago
A
J
J
50,000
5g M
545,000
5 g J
5,000,000
4g J
611.000
4M g J
394,000
5g J
5
M
650,000
F i r s t m o r t g a g e $ 5 O ,0 O O ,O O O a u t h o r i z e d ----------------------1910
A
a “ Total Issued” shown In flrst left-hand column, ba lance being owned b y28.000,000
Baltimore A Ohio.
x ln addition $7,635,050 pledged as part collat. for Pitts. L. E. A W .Va. Sys. 4s.
eCoups. M.
Schuylkill River E S RR 1st M g guar p & le n d o r..
Staten Island Ry 1st mtge $1,000,000 gold— Ba.c*
Balt & Ohio Chic Term RR— Ch AGtW IstM g ass’d.c*
City ol Chicago purchase money mtge assumed-----
[ V o l . XCVI
a
N.; reg. lnt. Q.-F.
U Reg. Int. Q.-J.
BALTIMORE & CUMBERLAND VALLEY EXTENSION RR.— Waynes
(5) Pittsburgh Lake Erie & West Virginia System mtge. refunding 4% gold
boro to Shlppcnsburg, Pa.. 26.52 miles. Leased to Western Maryland R R . bonds (authorized amount $75,000,000) are a Hen on 1,642 miles,
for 50 years from July 1 1881, with privilege of renewal, for lnt. on bonds forming a direct connection with Pittsburgh, Cleveland, Falrport, Lorain
and dividend on stock, amounting In all to $38,730.— (V. 75, p. 665.)
and Sandusky, subject to underlying bonds outstanding thereon (see table
Sep*- 1905 $29,060,950 additional underlying bonds, Including
BALTIMORE & HARRISBURG RR.— Emory Grove,M d., to Orrtanna,
Pa., 59 m., with branches, 7 m., total, 66 m. Leases Balt. & Harrisburg $73335,050 Plttsb. June. A Middle Dlv. 3)4s, were held In trust as part soT*le 530,553,000 unissued are reserved to retire underlying bonds,
R y., Western extension, Orrtanna to Hlghfleld, 15 m., guaranteeing lnt. on
Its bonds. Leased to Western Maryland R R . for 50 years from Oct. 25
1886; rental, lnt. on bonds and 5% on pref. stock (all paid M. & N .). p ' 36-’ v ' fg 6’ V 4 5 i’ 085793' V ' 8° ’ P' 14231 V ' 8° ’ P> 47° ’ 1528’ V ' 87'
(6) New York. Division and Terminal lsf 4s (authorized amount $10,000,
Dividends on common at 5% had In 1911 been paid annually for over 5
000) are secured by deposit with the trustee of all the Staten Island Rapid
years. Stock, com., $690,900; pref., $29,100.— (V. 44, p. 812.)
Transit refunding 4s as Issued ($5,000,000 authorized), all the $350,000
BALTIMORE & OHIO RR.— [See Map.)—ROAD.— Operates from Baltl
Balt. & N. Y. 1st 5s and the entire stocks of those companies. Of the
more to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis; bonds, $5,000,000 were on June 30 1912 held in treasury. V. 83, p. 1042.
total mileage leased, owned and operated In July 1912, 4,455 miles. “ Royal
(7) Convertible 20-year 4 Ms , $63,250,000, dated M ch. 1 1913, wero offered
Blue Line” (see Central R R . of N. J.) gives access to New York.
pro rata to stockholders at 95 M (and underwritten), payable in full on
The system embraces, subject to mortgages, the following lines:
ch. 3 1913 or 30% on that date, 30% Apr. 15 and 40% M ay 15. The
Pr.lien3*4% M.— (1,076m .) Miles. Pittsburgh A Western________ a21 M
bonds will bo convertible into common stock up to Feb. 28 1923 at $110 per
Balt .to Wheeling, Belpre.O., Ac. 721 Plttsb. Cleveland & Toledo_________ 77 share and redeemable beginning M ch. 1 1923 at 102M ■ No mortgage
Cumb. to Plttsb. A W ., Ac___ 355 Plttsb. Palnesv. A Falrport________ 53 shall bo placed upon tho road directly owned on M ch. 1 1913 or any lines
Eastern Ohio_________________
17 directly covered by Its prior lien M ., first M ., Pittsb. June. & Middle Div.
1st Mtge. 4%— (581 miles)—
11 1st M ., Southwestern Div. 1st M . or its Pitts. Lake Erio & West Va. Sys
Balt, to Phlla. and branches__ 137 Trumbull & Mahoning________
Chicago, 111., to Akron, O h io.. 378 Monongahela River R R _______
30 tem ref. M ., or any of tho railroad owned by any company any stock of
92 which is pledged under any of said mortgages, or any pledge of any stock or
Branches to Fairmont,W.Va.,&c. 66 Clev. Terminal & Valley______
Cleve. Lorain & Wheeling Ry.,
South W. Dio. 3 M% M.—
other securities now pledged under any of said mortgages made without
Wheeling to Cleveland, &c._ al95 securing
Belpre, O-.vla Cine, to St.L.,& c. 930
convertible bonds, pari passu, with the obligations issued under
Pitts. Jet. 3M% M.—(384 miles) Ohio River Lines—
265 such newthe
mtge. or Instrument. S e oV .9 6 ,p . 134,200,651,715, 1088, 1421.
Bellalre to Midland City, Ohio)
West Virginia Short Line R R ..
58
Juno 1913 sold $20,000,000 one-year 5% gold notes secured by deposit
Shawnee to Sandusky, O h io ../ 377 Ohio & Little Kanawha R R __
74 of In
$29,000,000 B. & O. Chic. Term. RR. 1st 4s to retire $11,557,000 Cin.
Pittsburgh Junction R R ______
7
Ham. & Dayton coll, trust purch. monoy 4% notes due July 1 1913 and
P.L.E.&,W.V.Sys.4%M.(*\M2m.) Total of all (adding Baltimore
other corporate purposes. V. 96, p. 1700.
West Virginia A Pittsburgh__ 176
Belt and other lines)...............4,455
In Nov. 1907 purchased 2,000 cars from the Fairmont Coal Co., assuming
part of $1,529,000 5 % car trust bonds due $162,000 yearly to Sept. 1918
Includes 384 m.. also covered by Pitts. Jet. 1st M. a See this company. V. 85, p. 1404. Ground rent liens June 30 1912, $1,989,499.
Also owns Sandy Valley & Elkhorn Ry. V. 95. p. 889. The Magnolia
LEASED LINES.— Schuylkill River East Side 5% bonds were purchased
double-track cut-off between Orleans Road, VV. Va., and Little Oacapon,
11 miles, for which contracts were let Apr. 1913, will cost about $6,000,000 Dec. 1 1903 at 110. per V. 68. p. 40, and $5,000,000 new 4s Issued guaran
teed
p. & I. by endorsement. V. 77, p. 1745; guaranty, V. 81, p. 727.
and be completed in about 2 years. V. 96, p. 1295. 1771.
The West Virginia A Pittsburgh (see agreement In V. 67, p. 1310) has
Owns B. & O. Chic. Term. R R ., $8,000,000 stock and $28,000,000 of its
been operated since Sept. 1 1899 under a 99 years’ lease, for 4% on the mtge.
4% bonds. See below. V. 90, p. 166, 1101.
H ISTORY.— Receivers were appointed In Feb. 1896, but In 1899 reor to be appropriated to payment of bond Interest. V. 69, p. 439.
FINANCES.— In Jan. 1913 $63,250,000 4 M % 20-year convertible bonds
ganized without foreclosure, per plan in V. 66, p. 1235. See also V. 67,
In Juno 1913
p. 688, 1206, 1356. In 1912 authorized the merger of proprieatry roads were offered to stockholders at 9 5 M- V. 96, p. 134,100.
sold $20,000,000 ono-year 5% notos. V. 96, p. 1700. Seo above.
aggregating somo 626 miles. V. 95, p. 681, 1121, 1744; V. 96, p. 134.
Tho $50,000,000 3-year 414% gold notes wero paid at maturity Juno 1
Control o f the Cincinnati H am . & Dayton. — Under the readjustment plan
of the Cincinnati Hamilton A Dayton (V. 88, p. 1436, 1498), the Baltimore 1913. V. 96, p. 1088, 1421, 1627, 1771.
In Jan. 1912 sold $10,000,000 4'A % equlD. trust certs. V. 94, d . 277, 349.
A Ohio In August 1909 acquired virtual control, and Is to acquire full con
trol on July 1 1916 at a price to be fixed by arbitrators, the controlling On M ay 28 1913 obtianed permission to issue $10,000,000 414% equip,
stock to be vested meantime In three voting trustees, one to be the Presi trust certfs.; none sold at once. V. 96, p. 1555.
The capital expenditures for 13 years ending Dec. 31 1909 were $151,
dent of the B. A O. for the time being. Certain C. H. A D. securities are
704,000, and $24,000,000 will be required to complete construction and
guaranteed. See that company. V . 89, p. 102, 468; V. 94, p. 206.
betterments In progress and equipment contracted for. V. 90, p. 166.
READING CO., Ac.— In 1901 $68,565,000 (virtual control) of the $140,
EARNINGS.— 11 m os.J 1912-13-Gross, $92,540,705; not, $25,476,207
000,000 Reading Co. stock, consisting of $12,130,000 1st pref., $28,530,000
July 1 to M ay 31.
1 1 9 1 1 - 1 2 -Grass,
84,279,490; not, 25,410,269
2d pref. and $27,905,000 com., was acaulred, the Lake Shore & Michigan
For 9 mos. ending Mar. 31 1913, net, $21,249,246; against $20,267,567;
Southern R y. Co. taking one-half. In 1904 the B. A O. and L. S. A M. S. net (after taxes), $18,436,979; other income, $2,785,759; fixed charges,
each sold $3,950,000 of the common. V. 76. p. 101; V. 80, p. 1856.
$11,314,962; bal., surplus, $9,907,775. As to estimated oarnings, A c., in
PENNSYLVANIA AND UNION PACIFIC INTEREST.— The Pennsyl year 1912-13, see V. 96, p. 1295, 1627. 1771.
R E P O R T — For year 1911-12, V. 95, p. 1268, 1277. (Seo also p. 1244.)
vania R R . Co. on Jan. 1 1913 owned directly $14,273,600 pref. and $5,725,
Year ending June 30—
1911-12.
1910-11.
1909-10.
000 com. stock; also— through the Northern Central and Phlla. B. & W .
4,455
4,334
4,434
(each owning one-half)— $2,000,000 pref. and $2,097,400 com. stock, and, Miles...................................................
through Pennsylvania Co., $5,000,000 pref. and $13,451,200 com. stock. Freight earnings.................................... $72,465,544 $67,629,937 $69,408,113
Union Pacific In Sept. 1906 purchased $32,334,200 com. and $7,206,400 Passenger earnings__________________ 14,754,912 15,208,432 14,485,585
5,306,635 5,007,554
pref. stock, and in June 1913 applied for authority to purchaso the holdings Mail, express, &c., earnings_________ 5,373,867
of tho Pennsylvania RR. System ($21,273,600 each of com. and prof,
stock). V. 96, p. 1700; V. 83, p. 562, 686, 1036; V. 84, p. 50, 569.
Total gross earnings__________
$92,594,323 $88,145,007 $88,901,252
Operating expenses.....................
64,709,538
62,766,06 761,333,801
STOCK.— Pref. stock, see V. 71, p. 1166, 1143; V. 72, p. 1186.
DIVIDENDS.— ’00. ’01-’04. ’05. ’06. ’07. ’08. '09. ’ 10. ’ l l ’ 12. 1913.
Net earnings...................................... $27,884,785 $25,378,937 $27,567,451
Common ( % ) ------ 2 4 y’ ly. 4K 5M 6
6
6
6
6 6 Mch 3 Operating Income (after taxes)............ 24,233,197 $22,634,375 $24,497,854
Preferred (% ) . . . 4 4 y’ly. 4 4
4 4 4 4 4 4
Mch 2 Other Income.......................................... 4,390,906
4,896,598 4,217,898
BONDS.— (1) Prior Lien 3 M % , a first lien on main line and branches,
Total net Income.................................$28,624,103 $27,530,973 $28,715,752
Parkersburg branch and Pittsburgh division, about 1,076 miles of flrst track
and 1,325 miles of second, third and fourth tracks and sidings, and also all Interest, rents, A c.................................$14,726,045 $14,710,982 $12,883,926
2,355,545 2,355,675
tho equipment now or hereafter acquired. Total auth., $75,000,000. See Dividends on preferred stock (4 % )-- 2,355,059
Dividends on common stock ( 6 % ) .- - 9,121,073
9.120,600 9.118,538
application to list, V. 69, p. 30; V. 78, p. 1906; V. 86, p. 1528; V. 86, p. 36.
(2) First M . 4% Bonds, Due July 1 1948; a first lien on tho Philadelphia,
Balance, surplus...............
$2,421,927
$1,343,840 $4,357,613
Chicago and Akron divisions and branches and the Fairmont Morgantown &
Committee— Daniel Willard. Chairman: Oscar G. Murray,
Pittsburgh R R ., covering about 581 miles of flrst track and about 573 miles L. Executive
F. Loree, Robert S. Lovett, Joseph W ood, E. R. Bacon, N . I). Ream and
of second, third and fourth tracks and sidings; also on the B. A O . Terminal Samuel
Rea; Pres., Daniel Willard; 1st Vico-Pres., Goo. F. Randolph; 2d
property and the Baltimore Belt R R . They are also a lien, subject to prior
G. M . Shriver; 3d V.-P., Arthur W. Thompson; 4th V.-P. and
lien mtge., upon main line, Ac. See app. to list, V. 69, p. 30; V. 79, p. 211. Vice-Pres.,
J. V. McNeal; Sec., C. W. Woolford.
Total authorized (Incl. $49,975,000 Issued at reorganization) .-$165,000,000 Treas.,
Directors— It. Brent Keyser, John P. Green, Robert Garrett, Paul M .
* Of which reserved to retire prior lien bonds in 1925________ 75,000,000 Warburg,
Oscar G. Murray, James Speyer, Robert S. Lovett, Norman B.
Issued or issuable for betterments, extensions, additions or
Ream, James Stillman, Edward R. Bacon, Joseph W ood, L. F. Loreo.
equipment, at not over $1,500,000 a year for 1st 4 years
New York office, 2 Wall St.— (V. 96, p. 1421, 1555, 1627, 1700, 1771.)
and $1,000,000 a year thereafter, originally____________
27,000,000
BALTIMORE & OHIO CHICAGO TERMINAL RR.— Property con
(3) Southwestern Division lsf Mortgage 3 M s. Virtually a flrst
sists of passenger and freight terminals in city of Chicago, lines of railway
lien upon the properties constituting the B. & O. South
leading thereto and a belt line around the city: also 760 acres of land In
western R R . system, 930 miles of 1st track and about 401
adjacent to the city, of which 50 acres arc In the centre of the business
miles of 2d track and sidings. All Issued_______
45,000,000 and
district; also Includes 7,500 feet of dock property on Chicago River. Nearly
(4) B . A O., Pittsb. Jet. A M id . Div. 3 M s. Expected to be ul
all land. Including that upon which tracks nave been built, Is owned In feetimately a flrst lien upon the railroads of the Central Ohio
Track owned, 84 m.; leases from Chicago Junction R y. 11 m.; trackage, 7 m.system and Pitts. Jet. R R . Co., 385 miles In all. Total
20,000,000 total, 101 m.; 2d track, 69 m.: sidings, 118 m.; total all tracks, 289 miles.
Issuable $1,000,000 per year for flrst two years and there
to Chicago Terminal Transfer RR ., bid In on Jan,
after $500,000 per year for exten’ns, betterments, * o
5,000 000 10 1910 by the—Successor
B . & O. under foreclosure of 1st mtge., subject to two under
In partial exchange for old bonds and sold ($4,000,000)' ”
14 569 000 lying mtges. shown above. V. 90, p. 166. 100, 235, 625. Stock author
Of this Issue, $6,176,230 Is in hands of the public and $7,635,050 pledged ized and Issued, $8,000,000, all owned by B. & O.; par, $100.
as part collateral for Pitts. Lake Erie A West Va. System 4s
TENANTS.— Balt. A Ohio, Chicago Great Western. Chicago Junction,
Underlying bonds, see table; underlying stocks still out, $21 227
Pere Marquette. See V. 77. d . 948, 2158; V. 79, p. 901. Total minimum
M AP OF
TH E
BUFFALO, ROCHESTER
> PITTSBURGH RAILWAY
June , 1913.]
RAILW AY STOCKS AND BONDS
AND CONNECTIONS
16
RAILWAY STOCKS AND BONDS
•
RAILROAD COMPANIES
(Far abbreviations, Ac,, see notes on first page]
B a lt im o r e & P o t o m a c — S e e P h lla B a lt & W a s h in g t o n
B a n g o r & A r o o s t o o k — S t o c k ( s e e t e x t ) ---------------------------F i r s t m o r t g a g e ( $ 1 6 , 0 0 0 p e r m i l e ) g o l d ________ Q .c *
S e c o n d m o r t g a g e g o l d — ----------- --------------------------------U s m
F i r s t m t g e Piscataquis D l v $ 1 , 5 0 0 , 0 0 0 g o l d - . Q . c
V B u r E x t 1 st M $ 5 0 0 ,0 0 0 g (V 6 9 , p 9 5 2 ) . . . Q . o
A r o o s t o o k N o r t h e r n 1 s t m t g e $ 2 2 5 ,0 0 0 g o ld
Q .c *
C o n s o l r e f u n d i n g m t g e $ 2 0 , 0 0 0 , 0 0 0 g o l d _____ O B . c *
M e d fo r d E x t 1 st M $ 1 ,0 0 0 ,0 0 0 g (V 8 4 ,p 6 9 2 ) .U s .o *
W a s h b u r n E x t e n s i o n 1 s t M g o l d . . ................C e . o * & r
S t J o h n s R l v E x t 1 st M $ 1 ,8 0 0 ,0 0 0 g u a r . . C e o * & r
A r o o s t o o k C o u n t y b o n d s (a s s u m e d ). .
N o r t h e r n M a in e S e a p o r t 1 st M g u p & i _ . U s m . c , & r
C a r t r u s t s S e r C g o ld g u a r d u e $ 4 5 ,0 0 0 s -a P e P o*
C a r t r u s t S e r D g g u $ 4 5 , 0 0 0 d u e s - a ..................... P e P o *
C m : t r u s t S e r E g o ld d u e $ 1 2 ,0 0 0 o r $ 1 3 ,0 0 0 y r l y P e P
B a t l f & H a m m o n d s p o r t — F i r s t m o r t g a g e _____
S e c o n d m o r t g a g e ________________________________
_____
_
B e a u m 't & G t N o r — 1 s t M g $ 1 7 , 5 0 0 p m r e d 1 0 2 M - . 0
B e e c h C re e k — S to o k (g u a ra n te e d 4 % b y e n d o rs e m e n t)
F ir s t m o r t g a g e g o ld g u a r p & 1 (e n d o r s e d ) -C K .o & r
S e c o n d M fo r $ 1 ,0 0 0 ,0 0 0 g g u a r p & 1 ( e n d ) . . U n . o & r
B e e c h C r e e k E x t e n — 1 st M $ 4 ,5 0 0 ,0 0 0 g g u p & l . Q . o *
B e e c h C r e e k c o n s o l m t g e $ 2 0 ,0 0 0 ,0 0 0 g o l d . . a . o * & r
B e l li n g h a m & N o r — B B & B O I s t M $ 1 ,0 0 0 ,O O O g sf
B e l t R R & S t k Y d . I n d — S t o c k a u t h $ 2 . 0 0 0 . 0 0 0 .............
Miles Date
Road Bonds
211
211
77
33
16 H
412
28
65
60
'54
10
10
49
165
165
165
69
A ll
1893
1895
1899
1899
1897
1901
1907
1909
1909
1895
1905
1006
1907
1911
1889
1893
1909
1886
1892
1901
1905
1901
Preferred stook cumulative______________________
1 s t r e f u n d i n g M $ 1 , 0 0 0 , 0 0 0 g o l d . . . .............................. o *
B e lt R y o f C h a t t a n o o g a — F ir s t m t g e g o l d ._ .M e B a ,0 *
B e l t L i n e R y . M o n t g o m e r y — 1 s t M g o l d $ 3 0 0 , 0 0 0 -------B e ly ld e r e D e la w a r e — S t o c k $ 4 ,0 0 0 ,0 0 0
C o n s o lid a t e d ! g u a r a n t e e d by U n i t e d C o ’ s s i n k f d . . r
m o r t g a g e [ g u a r a n t e e d by U n i t e d C o ’ s s i n k f d . . r
o f 1875
[is s u e $ 6 0 0 ,0 0 0 r e d u c e d by s i n k f d . . r
$ 4 , 0 0 0 , 0 0 0 Jg u a r a n t e e d by U n i t e d C o rs s i n k f d . o *
B e n n e t t s v illc & C h e ra w — 1 s t M $ 1 5 0 ,0 0 0 g - . M e B a
B e s s e m e r & L a k e E r i e — E r i e e q u i p m e n t t r u s t ---------------S t a n d a r d e q u i p t r u s t ______________________________________
B e s s e m e r e q u ip m e n t t r u s t , d u e $ 1 1 0 ,0 0 0 y e a r ly —
C o n n e a u t e q u i p t r u s t ____________________ _______________
N a tio n a l e q u ip m e n t t r u s t d u e $ 4 0 .0 0 0 M a y y e a r ly .
49
1909
1895
1911
1885
1887
1893
1903
1911
1902
1905
1907
Par
Value
$100
1,000
1.000
1.000
1.000
1.000
1.000
1.000
1,000
1.000
1.000
1.000
1,000
1.000
1,000
1,000
1,000
1.000
60
1 ,0 0 0
1 .0 0 0
1.000 &o
1.000 &o
1 .0 0 0
50
50
1 ,0 0 0
1,000
1 .0 0 0
50
1 .0 0 0
1 .0 0 0
1.000
1.000
1.000
1.000
1.000
1.000
1.000
r e n t a ls f r o m t e n a n t s , $ 5 1 3 ,5 0 0 a n n u a l l y .
V . 79, p . 2084.
M ln n e a p o lis S t.P .& S a u ltS te .M .w illb e c o m o a te n a n tD e c .9 1 9 1 4 . V . 9 6 , p . 4 8 6 .
B O N D S . — O f t h e 1 s t M . b o n d s o f 1 9 1 0 , $ 2 8 , 0 0 0 , 0 0 0 Is s u e d a s s e r ie s A 4 s
w e r e g iv e n t o t h e B a l t . & O h i o t o r e p r e s e n t t h e c o s t o f t h e p r o p e r t y , a n d a r e
p le d g e d u n d e r I t s 3 - y e a r 4 H % s e c u r e d g o ld n o t e s , $ 5 ,0 0 0 , 0 0 0 a d d i t i o n a l
s e r ie s A 4 s t o b e Is s u e d w h e n r e q u i r e d f o r I m p r o v e m e n t s a n d $ 1 , 2 0 0 , 0 0 0
r e s e r v e d t o r e t i r e t h e o ld b o n d s a n d $ 1 5 , 8 0 0 , 0 0 0 f o r e x t e n s io n s . I m p r o v e
m e n ts a n d e q u ip m e n t to b e a r n o t o v e r 4 4 $ % In te r e s t.
V . 90, p . 1295.
R E P O R T . — F o r y e a r e n d in g J u n e 3 0 1 9 1 2 , g ro s s , $ 1 ,5 5 7 ,4 6 9 ; n e t, $ 2 9 3 ,
9 7 5 ; o t h e r I n c o m e , $ 8 2 0 , 2 3 7 ; I n t . , ta x e s , r e n t a l s , & c . , $ 1 , 4 8 1 , 4 0 9 ; b a l . , d e f . ,
$ 3 6 7 ,1 9 6 .
I n 1 9 1 0 - 1 1 , g r o s s , $ 1 , 4 5 1 , 1 0 2 ; n e t , $ 2 2 4 ,4 4 5 ; o t h e r i n c o m e ,
$ 8 4 1 ,6 8 9 ; i n t . , ta x e s , r e n ta ls , & c . , $ 1 ,5 5 3 ,6 3 3 ; b a l. , d e f., $ 4 8 7 ,4 9 9 — ( V . 9 0 ,
p . 1 2 9 5 ; V . 9 2 , p . 1 0 3 1 ; Y . 9 5 . p . 1 2 7 2 ; V . 9 6 , p . 4 8 6 .)
BANGOR & AROOSTOOK RR.--------- O l d t o w p . M e . , P n o r t h e r l y to V a n
B u r e n , w i t h b r a n c h e s ; t o t a l J u n o 3 0 1 9 1 2 , 6 3 0 .5 m ile s , v iz . :
Lines owned—
M iles.
Lines Leased —
M ile s.
O l d t o w n t o V a n B u r e n ___________2 2 1 . 7 Washburn Extension__________ 55.1
A s h la n d J e t . t o F o r t K e n t ................ 9 4 . 9 Branches_____________________ 61.9
M i l o J e t . t o G r e e n v ille ____________ 4 8 .8 Northern Maine Searsport, So.
S o u t h L a G r a n g e t o P a c k a r d s . . 2 8 .0
La Grange to Searsport______ 54.1
S t . J o h n s R i v e r E x t e n s i o n ________ 6 0 . 3 S p u rs_______________________
5.7
OR G A N IZA TIO N .— See V. 66, p. 855. Owns entire stock o f and leases
for 999 years Northern Maine Seaport R R . V . 81, p. 1549; V. 84, p. 693.
DIVIDENDS.— 144% semi-annually Jan. 1904 to Jan. 1905, both In
clusive; July 1906 to Jan 1913, 4% yearly.
BONDS.— Plscat. Dlv. 5s. see V. 67. p. 1159: V. 68. p. 84, 329. Of the
consol, ref. gold 4s, $12,500,000 were reserved to pay off the outstanding
bonds. Including those of controlled roads, oar trusts and pret. stock,and to
aoqulre 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 $4,720,000 Issued ($5,000,000 auth.), are guaranteed. V.
81. p. 265; V . 82, p. 392; V . 84. p. 391. 692: form of guaranty. V. 81, p. 727.
Washburn Extension 1st M. 5s of 1909. see V. 90, p. 848. 913.
The St. John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed, prln. & Int., were Issued at $30,000 per mile. V. 93, p. 939.
The Aroostook Construction Co., which owns control, has made an Issue
of $2,500,000 5-year collateral trust 5% gold bonds dated May 1 1912, of
which $1,500,000 have been Issued to fund floating debt of the Bangor &
Aroostook R R . and the Aroostook Construction Co. The notes are secured
by $1,350,000 B. & A. UR. Consol. 4s and $2,000,000 stock and 1,750 shares
of Northern Telegraph Co. stock. V. 94, p. 1382: V. 95, p. 237.
LATEST EARN ING S.— (1912-13— Gross, $2,681,778; net. $773,778
10 mas., July 1 to April 30.11911-12._-Grass, 2,868,305; net, 1,055,931
Deficit after charges in 10 mos. of 1912-13, $160,498, agst. sur. $118,046.
ANNUAL REPORT.— Report for year ending June 30 1912 in V. 95;
p. 1116, showed, gross, $3,345,241: net, $1,196,568; other income, $150,581,
charges, $1,283,592; divs. (4% ), $127,944: bal., def., $64,387. In 1910-11,
gross, $3,173,112; net, $1,169,340. Pres.. Percy R. Todd.— (V. 94, p.
1382; V. 95, p. 418, 1038. 1116, 1121; V. 96, p. 419.)
v
BARTLETT-WESTERN RY.— Owns Bartlett, Tex., to Florence, 23 m .
Incorp. In Texas in 1911. V. 92, p. 1700. Extension proposed In M ay ’ 12
from Bartlett to Cameron, 32 miles. V. 94, p. 1382. Pres, and Gen. M gr.,
J. W. Jackson, 1st V .-P ., W . J. Cagle; 2d V .-P ., J. L. Bailey; Sec., W . W
Walton; Treas., O. O. Bailey.— (V. 94. p. 1382.)
BATH & HAMMONDSPORT RR.— Bath. N. Y .. to Hammondsport.
N. Y ., 10 miles. Control acquired by Erie R R . In 1908. Stock, $100,000.
Year ending June 30 1912, gross, $45,640; net, $9,959; int., taxes, &c.,
$17,902; betterments, $5,334; bal., def., $13,277.— (V. 79, p. 1954.)
B E A U F O R T T E R M I N A L R Y — V . 9 6 , p . 862.
[Vol.
XCVI,
When Last Dividend Places Where Interest a n d
Payable and Maturity
Dividends are Payable
J a n 24 1913 2 %
J a n 1 1943
J u ly 1 1945
J a n 1 1943
Ja n 1 1943
O c t 1 1947
J u ly 1 1951
M a y 1 1937
A u g 1 1939
A u g 1 1939
J u ly 1 9 1 5
A p r 1 1935
T o J u n e 1 1916
T o A p r il 1 1917
T o O c t 1 1921
June 11919
A pr 11923
J u ly 1 1939
J u l y 1 1 9 1 3 1%
J u ly 1 1 936
J u ly 1 1 936
A p r 1 1951
A pr 11955
Deo 11932
A p r 1 1913 4 %
J u ly 1 1913 l J i
M a y 1 1939
J u ly 1 1945
J u ly 1 1941
D e o 3 0 ’ 12 7 %
S e p t 1 1925
F e b 1 1927
J a n 1 1933
F e b 1 1943
J a n 1 1941
M ch 11922
A p r 1 1925
M c h 1 9 1 8 -1 0 2 7
A p r 1 1919
M a y 1 9 1 4 -1 9 1 5
Checks mailed
Guar Trust Co, New York
do
do
do
do
do
do
do
do
Brown Bros. N Y & Bost
do
•
do
Central Trust Co, N Y
do
do&Boa
Fourth Nat Bank, Bost
Brown Bros NY Bos&Ph
Brown Bros, N Y & Bost
Brown Bros, N Y & Bost
do
do
50 Church St, New York
do
do
New York
Grand Cent Terminal, NY
do
do
do
do
Grand Cent Terminal,NY
do
do
U S M & T r C o , NY;& SF
Co’s office, Indianapolis
do
do
Nat City Bank, N Y
Mercantile Tr & Dep.Balt
Safe Dep & Tr Co, Balt
Broad St Station, Phlla
do
do
do
do
do
do
do and Bk Com.NY
Merc Tr & Dep Co, Balt
Home Tr Co, Hobok. N J
do
do
do
do
do
do
do________ do
lr?„iM2,I}?eonier5r; Alav ?hout 1 mile of traok on Tallapoosa, Bell, Perry and
8t! eets.- .Atlantic Coast Line R R . pays an annual rental equal to
J ? tere8t aI}d difference between taxes. Insurance and cost of operation
P r°,s a e arnlngs D-om others than the Atlantlo Coast Line. Atlantio
nm ?
*
51Kfc9Swi?* tho 5200,000 stock; par, $100. Of the
f , ™ '0 0 v 1Sno30^yeiao/ioS' - i f 00 arc reserved for improvements and addi«i°o
o ? n 2<’ 7 ' 9 k’ P’. 4,! \ , Year ending June 30 1912, gross,
$19,645; net, $11,250; int. on bonds, $11,250; bal., none.— (V. 93, p. 43.)
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.-Owns 14
miles of belt road, &o. Leased for 999 years to Ind. Union— whloh see.
STOCK.— In June 1911 stook was increased from $1,000,000 to $2,000 000, one-half of the new stook being distributed July 1 as a 50% stook div
idend, the remainder to be sold as required for improvements. V .92,p .1700
DIV’ ND— ! Preferred ln/Common ’07. ’08. ’09. ’ 10. 1911. 1912. 1913.
Since 1906----- /full to date.[stock, % 11 12 6
6
3
10 Below
In 1913, Jan., 3% ; April, 4% .
Uel0W
Mtge. trustee, Union Trust Co., Indianapolis. V. 89, p. 40; V. 92 o
1242. Pres., S. E. Rauh, Indianapolis, Ind.—'(V. 94, p. 910.)
BELT RAILW AY (OF CHATTANOOGA. TENN.)— Owns 49 miles of
belt railroad in Chattanooga, Tenn. V. 67, p. 72.
Leased till July 1 1945 to Alabama Great Southern R R .; rental guaran
teed to meet Interest on first mtge. bonds, taxes and maintenance. STOCK
s $300,000, owned by Alabama Great So. Ry. There are also $24,000 2nd
Incomo M . 4s, due 1945, redeem, at par, int. at 4% paid in full to 1912.
BELVIDERE DELAWARE RR.— Owns from Trenton, N. J.. to ManP“ ,kao ? hu.1}1{J ” 67 mhes; Flemington R R ., &o., 14 miles; total oper
ated, 81 miles. Leased to United Companies, and transferred to Pennsyl
vania R R . March 7 1876. Net earnings paid as rental.
to 1906. 5% yearly; 1907 to 1908. 10^ yrly.; 1909.
15%; 1910, Dec. 31, 10%; 1911, Dec., 10%; 1912, Dec., 7% .
BONDS.— All of the outstanding bonds are secured by the consolidated
mortgage of 1875 for $4,000,000: sinking fund, 1% of outstanding bonds If
earned. The Issues of 1885. 1887 and 1903 are guaranteed by the United
New Jersey R R . & Canal Co. Guaranty, V. 76, p. 918.
«fi?n<&N P I GS- 'r In 1912i gross,’ A 1.898,845; net, $142,086: other income.
•$6o,096; interest, taxes, &c., sinking fund and other charges, $206,009:
impts., $37,082; divs. (7% ), $87,710; deficit, $123,619.— (V7 91, p. 1765.
BENNETTSVILLE & CHERAW RR.— Owns Kollooks. S. C.. on Sea
board Air Line, via Bennettsville, to Brownsville, 34 m. To be extended
over 11 miles to Sellers on Atlantlo Coast Line. Purchased by present
owners about March 1907. Stock, $250,000. Bond sinking fund $3,000
yearly- V. 92, p. 1 1 6 . Year 1911-12, gross, $96,270; net after taxes, $28.
837; bond int., $6,875; divs. (6% ), $15,000; bal., sur., $6,962. Pres., J. J.
Hecker; Sec. and Treas., Geo. Burchill. Office, Bennettsvillo, S. O.
— (V. 92, p. 116.).
BESSEMER & LAKE ERIE RR.— Leases Pittsburgh Bessemer & Lake
Erie R R ., Bessemer, near Pittsburgh, Pa., to Conneaut Harbor, Lake Erie,
&o., with branches and spurs, a total of 241 miles, for 999 vears, from Apr. 1
1901: owns 9 miles; total, 250 miles. V. 72, p. 137. Stook, auth.. $500,000.
Dividends paid: In 1904, 100%; 1905, 50%; 1906, 40% ; 1909, 150%: 1910.
100%: 1911, 150%; 1912, 200%. Controlled by Carnegie Co. and so by U.S.
Steel Corp. Guaranty of Marquette & Bessemer Dock & Navigation bonds.
(V 77, p. 1228; V. 76, p. 1358; V. 82, p. 160.— (V. 94. p. 1694.)
BINGHAM CENT. R Y. (V .9 2,p .ll6). BING. & GARF. R Y. (seep.138)
BIRMINGHAM & ATLANTIC RR.—Talladega to Coal City. Ala., 31
miles; branches, Romans to ore beds, 0 miles, and Furnace to Welslnger*.
2i!5Jles’n tot.a1’ .l/JwiSS’ Stock, $1,000,000. all common; par of shares,
$100. Bonds. $500,000 40-year 1st 6s. due Nov. 1 1931 ($1,000 each):
int., payable M . & N., in default. Year ending Juno 30 1912, gross, $21,
099;
51,816; other income, $1,155; int., taxes, &c., $36,850; bal.,
def., $37,512. In 1910-11, gross, $22,713: net incomo, $1,384. Pres.,
Sidney H. March; Sec. and Treas., Willoughby J. Kingsbury, 25 Broad
St., New York.
BIRMINGHAM & NORTHWESTERN R Y .— Jackson, Tenn., northJ S sSSmX.4? Dyersburg, 49 miles. Incorp. in Tennesseo Aug. 1910. Bonds,
$800,000 1st 5s duo Dec. 1 1931. Entiro stock and bonds are deposited
as security for $450,000 3-year collateral trust gold notes of theBIrm. &
Northw. Co. (of Dela.), redeemable at 101 and int. on Mar. 1 1914 or any
int. day thereafter, guar. prin. & int. by Mercantile Trust Co. of Jadkson,
Tenn.; int. M . & S. in Chicago: Continental & Commercial Tr. & Sav. Bk.,
Chicago, trustee; par $1,000. V. 96. p. 1295. For 6 months ending. Jan 31
1913 (through rates with connecting lines not beginning until December).
gross earnings, $52,486; net earnings, $25,127.
Pres., A. B. Tigrett; Vice-Pres., C. W. McNear; Sec., R. F. Spragins
Treas., J. E. Edenton. Office, Jackson, Tenn.— (V. 96, p. 1295.)
B E A U M O N T & G R E A T N O R T H E R N R R . — Owns Livingston, Tex.,
to Weldon, 49.3 miles. Extension proposed northerly from Weldon to a
connection with the Trinity & Brazos Valley R y. between Jewett and
Flynn, Tex. Stock, $49,000. all acquired in Oct. 1912 by Missouri Kansas
& Texas R y., which in March 1913 received authority to lease the road for
not less than 25 years or purchase the same, &c. Bonds Issued or auth.
to be issued, $833,811. Year ending June 30 1912, gross, $118,955; net. after
taxes. $39,936; charges, $38,210; bal., sur., $1,726.— (V. 95, p. 1121.)
B E E C H C R E E K R R . — (.See M a p s N . Y . Central & Hudson River RR.)—
ROAD.— Jersey Shore, Pa., to Mahaffey, 112 m.; branches to Phlllipsburg,
to mines, &c., 53 m.; total, 165 miles. Leased in 1890 to N. Y . Cent. &
Hud. River R R . for 099 years at int. on bonds and 4% on stock, and since
M ay 1 1899 operated directly as a part o f Its Pennsylvania division. V. 68
872. Carries mostly coal and coke. See guaranty, V. 52, p. 570. The
E.onds
are endorsed with N . Y . Central’s guaranty of prin. Sc int. See
V. 52, p. 570. Guarantees Interest on $718,000 Clearfield Bituminous Coal
1st 4s due Jan. 1 1940—see that co. under “ Industrials.” — (V. 75, p. 1398.)
Union Springs to
BEECH CREEK EXTENSION RR.— (See Maps N . Y. Cent. A HudRiv.)
from Tailahasseo
— Clearfield, Pa., to Keating, 52.14 m.; Curry to Curwensville, 15.77 m.;
Harmon to Irvona, 26.76 m.; Mahaffey to Aroaldia, 13.67 m.; branches.
° " R o c k f o r d 16 m. Stock, $500,005.' "bT 'tho f i r s t ^ o f T o i U
22.78 m.; total, 131.12 miles. A low-grade coal line, leased to N . Y . Cent. $350,000 ,fc
havobeensold
V .93 p 43; V. 94, p. 1316. Year end. June 30
& Hudson River RR. (which owns entire $5,179,000 stock and $3,964,000 1912, gross, $68,745; net $28,744; int., taxes, &c., $12,439; bal., sur.,
consol. 4s) for 999 years from June 1 1905, bonds being guar., p. & 1. Of $16,304. Pres., W. M . Blount, Union Springs, Ala.— (V. 94, p. 1316.)
the consols, part is reserved to retire, $ for $, old bonds. V. 80, p. 1174,
1479; V. 81, p. 30; form of guaranty, V. 82, p. 1267.— (V. 82, p. 1267.)
BIRMINGHAM TERMINAL CO.— Owns passenger terminals at Blrmlngham, Al®. Stock all owned by the Illinois Central. Southern R y.. Seaboard
B E L L I N G H A M & N O R T H E R N R Y — Bellingham to Glacier, Wash.,
44.16 m.: branches, Hampton to Lyndon, 5.31 m.; Bellingham to Squall- Air Line, Central of Georgia, St. Louis & San Franoisoo and Alabama Great
cum, 5.81 m.; spurs, 8.52 m.; yard tracks and sidings, 7.83 m.; total, 71.63 Southern, which lease the property and pay all expenses, charges and 4%
m. Incorp. Oct. 1912 In Washington as a consolidation of Bellingham Bay
'W 1J.0lnt*7 guarantee the bonds. Of the bonds
& British Columbia Ry. and Bellingham Term. & Ry. acquired by Chic. (W.OOO’OOO authorlzeil), $1,060,000 are reserved for additional properties.
Milw. & Puget Sound Ry. in Mar. 1912. V. 95, p. 1121. Stock, $1,200, V. 83, p. 1227, V. 85, p. 404. Guaranty, V. 90, p. 848.— (V. 90, p. 848.)
000. Loans and bills payablo June 30 1912, $273,561. Year ending
SULLIVAN RR.— Owns Bloomsburg to Jamison City,
June 30 1912, gross, $343,722; net income, $108,955; int., rentals, &c., „
? a ” 29 mUes. Stock is $600,000; par. $5 0 . V. 66. p. 80, 952. Year
$74,619; bal., sur., $34,336 — (V. 94. p. 766; V. 95, p. 1121.)
\?\2, S™33- £110,744: net> 545,334: other lnoome, $1,090; charges,
BELT LINE RY. OF MONTGOMERY.— Owns real estate and a belt line $41,390; bal., sur., $5.033.— V. 60, p. 80, 952.)
J u n e , 1 9 1 3 .]
RAILWAY STOCKS AND BONDS
M iles
Date
Road Bonds
R A IL R O A D C O M P A N I E S
[For abbreviations, & c., see notes on first page]
__
Albion eq tr duo $75,000 yrly to 1932.
Birmingham Belt—See St Louis A San Francisco
B i r m i n g h a m & N orthwestern— 1st M see text-----B & N coll tr gold notes red 101 beg 1914
Birm’h & Southeas— 1st M $3,000,000 g red 107 14-Ce
Birmingham Terminal— 1st M $3,000,000 gold guar..
Bloomsburg & Sullivan RR— 1st M - -------------------FP
Second mortgage Income non-cum $200,000------FP
Boca & Loyalton— First M $675,000 gold call l l O - .c ’
Boonville St L & South Ry— 1st M g gu red 107 )4--Eq
Boston & Albany— Stock ($30,000,000 au thorized)...
Bonds (not mortgage) guaranteed prln and Int___ c
Bonds (not mortgage) to be paid Oct 1--------------Bonds (not mortgage) $3,627,000------------------------Bonds (not mtge) $2,500,000 (V 71,p 1218;V72,p44)
Impt bds (not mtge) $4,500,000 due 1934 gu p A 1.
Impt bonds (not mtge) $1,000,000 guar. p. A 1__
do
do
do
$2,015,000 ______
Bos & Low— Stk auth ($7,679,400)
Bonds 40 years not mortgage—
See description
do
In "Investors’
do
Bonds 20
do
do
Bonds do
Supplement”
do
do
ot April 1895.
Bonds do
do o*____ p. 2.
do
Bonds do
do o*____ BostonAMalne
do
Bonds do
do
do
gives a rental
Bonds do
do
do
Bonds do
guaranty for99
do
do
Bonds do
o___ years.
do
do
Bonds do
do
Bonds do
do c*.
Boston & Maine— Stook, common and scrip______OB
Preferred stock 6% non-cumulatlve..............— OB
Improvement bonds s t not mortgage or sub) to call.
Bonds (not mortgage) for Improvement A ref._c&r
Bonds (not mortgage) gold___________________ cAr
Bonds 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------------------- ---------
49
__
5.9
__
29
29
56
__
392
__
__
__
__
___
__
__
__
__
__
__
__
__
__
__
___
—
__
__
__
__
__
__
__
...
1911
1912
1910
1913
1913
1911
1907
1898
1898
1903
1911
Par
Value
$1,000
1,000
500 Ac
1,000
100 Ac
1,000
100 Ac
100 Ac
1,000
1,000
100
1,000
1,000
1902
1893
1913
1901
1,000
’08-’ 10
1,000
1912
i.ooo
1913
1,000
___
100
1892
1,000
1895
1,000
1896
1,000
’97-’98
1,000
'99-’01
1,000
1903
1,000
1905
1,000
1906
1,000
1907
1,000
1909
1.000
1913 1,000 &c
__ 100
____
100
1887
1,000
1892 1.000 Ac
1894
l ,000
1900
1,000
1901
1,000
1903
1,000
1905
1.000
BOCA & LOYALTON RR.— Owns from Boca, on Central Paclllo main
line, northwesterly via Loyalton, to Beckwith, 40 miles; 6 miles additional
main line and 10 miles ot branches; total, 56 miles. The Denver A Rlc
Grande June 30 1912 owned 51% of stock.
Stook, $1,200,000: parof shares, $15. Bonds cover also Roberts Lumbei
Co.’s property, comprising 62,769 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 111) and Interest. V. 76. D. 1191. For vear
ending Juno 30 1912, gross, $101,058; net, $23,630; int., taxes, &c., $61,648;
bal.,dcf., $41,017. In 1910-11, gross, $124,500— (V. 81, p. 667.)
BOONVILLE ST. LOUIS & SOUTHERN RY.— Boonville to Versailles,
M o., 44 miles. In Juno 1911 sold to Missouri Pacific $500,000 1st 6s,
being guar., prin. and Int. V. 93, p. 285. Stock, $250,000; par of shares,
$125.— (V. 93, p. 228, 285; V. 95, p. 968.)
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 & Hudson River R R .
for guaranteed rental of 8% per annum on the $25,000,000 stock, payable
quarterly (Mch. 30, &c.), organization expenses. Interest on bonds, taxes,
expenses of maintenance, Ac. The B & A. received for certain property
not Included In the lease $5,500,000 In N. Y. Central 3 14% 100-ycar deben
tures, thus adding .77% per annum to 8 H % guaranteed on stock. See lease
n V. 69. p. 282; V. 69, p. 1061. 1102, 1246; V. 70, p. 74; V. 71, p. 645. 963.
The N. Y . N. H . A Hartford has trackage rights over the road for 10 years
from July 1 1911 anda half share In the net results of operation. V.92, p.1177.
In Oct. 1912 the New Haven and N. Y. Central made a Joint arrangement to
provldo for about $6,000,000 equip, for Bos. & Alb. V. 95, p. 1039, 1332.
BONDS.— Tho $11,500,000 25-year 4% Impt. bonds are guar. prin. and
Int., by New York Central & Hudson River R R . No mortgages can bo
placod on tho property without jointly including tho bonds In the lien.
V. 86, p. 1099; V . 89, p. 102; V. 91, p. 396. In Juno 1912 sold $1,000,000
25-year 4>4% bonds. V. 94, p. 277, 1055, 1316, 1625.
In Juno 1913 obtained authority to issue $2,015,000 25-yoar bonds
for impts. V. 96, p. 553, 651, 1700. In May 1913 obtained permission
to issue $3,627,000 50-year bonds dated Oct. i 1913, bearing not over 5%
int. and guaranteed by tho Now York Central, to refund tho 4s due Oct. 1
1913. V. 96, p. 946, 1365, 1489.
DIVIDENDS.— Since 1900, 8 H % . viz.: 2% each In March and Sept.;
2 >4% In June and 2 H % In Deo.
EARNINGS as reported to State Railroad Commission by lessee:
Year
June 30—
OperatingOper. Inc.
Other
Revenues,
(after Taxes). Income.
Interest.
D lvs., &c.
Balance,
Deficit.
1911-12------ $15,710,515 $3,942,344 $277,528 $4,256,192 def.$36,320
1910-11........ 14,593,972
2,248.92o 166,896
3,892,743
1,476,922
— (V. 94. p. 1625; V. 95. p. 175, 235, 1039; V. 96. p. 553, 651, 940. 1700 )
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 A Passumpslo, 146 miles; Nashua & Lowell, 15 miles; Peterborough. 10 miles;
Northern N. H ., 83 miles (and subsidiary lines 90 miles); Stony Brook R R .,
15 m.; Wilton R R ., 13 m. Leases mostly assumed by Boston A Maine,
which has authority to purchase stock. V. 92. p. 1108; V. 93, p. 939.
Leased In 1887 for 99 years to the Boston A Maine at 7% per annum on
stock till Jan. 1 1897 and 8% thereafter. V. 95, p. 1330. In Jan. 1913
$1,000,000 20-yoar 414% bonds dated Feb. 1 1913 were sold to refund
$1,000,000 4s maturing Feb. 1 and for impts.— (V. 96, p. 284, 359.)
BOSTON & MAINE RR.— ROAD.— The system with Its many branch
lines covers the territory from Boston, Mass., to Portland,Me. (two lines),
Sprlnglleld, Mass., Sherbrooke, Can., Rotterdam Jet. and Troy, N. Y.,
Worcester, Mass., to Portland, Me., and most of New Hampshire
Lines owned.
M iles.
Lines leased— (Concluded).
M iles.
Boston, Mass., to Portland, Me.,
Fitchburg____________________ a458
via Dover------------------------------- 115 Nashua * Lowell_______________al5
Boston to Portland, via Portsm. 108 Connecticut River R R _________ a81
Jewett, Mo., to Intervale, N. II . 73 Other________________________
36
Portsmouth Electric R y ----------- 18 Trackage rights________________ 10
Portland Jet., Me., to Worces
ter, Mass----------------------------- 148 Total operated July 1 1912......... 2,290
North Cambridge to Northamp
2d track (3d A 4th track, 10) 589
ton, Mass___________________ 96 Controls Maine Cent. System ..1,164
Sundry branches------------------------ 184
St. Johnsbury A Lake Champ. 125
Lines leased,
a See this company.
York Harbor & Beach______
12
24
Vermont Valley____________
Boston A Lowell______________a469
_____ __&____________
Sullivan County____________
26
Concord
Montreal__________ a479
Boston R R . Holding Co. owns 53.6% of stk., which cannot be transferred
without permission of Massachusetts Legislature. V. 92, p. 117.
In April 1911 authority was given to purchase stook of Boston A Lowell,
Concord A Montreal, Northern (N. H .), Lowell A Andover, Manchester A
Lawrence, Connecticut River, Conn. A Passumpslc Rivers and Massawlppl
Valley; also additional Maine Central stock. V .92, 0.1108.
Tho Hampden RR. Corporation, opened Juno 23 1913, from Springfield
Mass., to Bondsvillo, with branch to Holyoko, a total of 30 miles, is leased’
and application was made In Mar. 1913 to merge samo. V. 96, p. 1020.
STOOK.— Stockholders voted Oct. 9 1912 to Issue $10,663,700 common
stock to acquire stocks of various companies and for other purposes, to bo
offered to stockholders at par to the extent of 25% of their holdings, making
total stock, $50,168,700. V. 95, p. 749, 1402, 1606; V. 96, p. 186.
• BONDS.— As to debentures, see Issue of April 1895. In May 1913 sold
$17,000,OOOono-yr. 6% notes to retire notesdue Juno 10 1913 and for impts
V. 96, p. 1487, 1555. In Feb. 1913 sold $10,000,000 ono-ycar 5% notes,
tho proceeds to bo used to subscribe for pro rata sharo of $10,000,000 now
Maine Central stock and pay floating debt. V. 94, p. 1382, 1448; V. 96
p. 359. Stockholders on Oct. 9 1912 authorized $7,500,000 bonds, but
nono has been sold. In Apr. 1 9 1 3 there was under consideration tho
creation of an equipment trust. V. 95, p. 749, 1402; V. 96, p. 486, 1295.
Boston A Maine guarahtees $1,328,000 first 5s of St. Johnsbury A Lake
Champlain. Also Interest on $274,000 Manchester A Lawrence 4s. Jointly
with Maine Central guarantees $300,000 Portland Station (now Portland
Amount
Outstanding
Rate
$550,000
600,000
2,141.500
5
5
6g
%
When
Payable
17
Last Dividend
and Maturity
Dividends are Payable
M A S Mch 1922-1932 HomeTrCo,Hoboken,N J
J & D June 1923-’34
do
do
J & J July 1 1920
Guaranty Trust Co. N Y
.1 fic I) Dec 1 1931
800,000
5
450,000
M & S Mar 1 1916
6
Chicago
'4 *(
350,000
6 g M A N May 1 1961
Central Trust Co, N Y
1,940,000
4 g M A S Mch 1 1957
Equitable Trust Co, N Y
J & J Jan 1 1928
278,100
5
F I T & S D Co. Phila
J A J Jan 1 1928
199,600
5
Reg Bloomsburgh.wh ear
442,000
6 g A A o Apr 11923
U S M & Tr. N Y: A S P
500,000
5 g F A A Aug 1 1951
N ew York
25,000,000 See text c — M June30 ’ 13, 214 Offloe, Term Stat’n, Bost
3,858,000
3)4 A & O Apr 1 1952
do
do
A A o Oct 1 1913
4
3.627.000
do
do
A
o Oct 1 1963
1.000,000
3H J A J Jan 1 1951
do
do
4
M A N May 1 ‘33-34-35
13,500.000
do
do
1,000,000
414 J A J July 1 1937
do
do
2,015,000
1938
do
do
7,679,400
8
J A J July 2 1913 4% At Offloe, Boston
1.000,000
A A o Apr 1 1932
4
Merob Nat Bk, Boston
500,000
4
M A s Mch 1 1915
do
do
750,000
4
J A J July 1 1916
do
do
414.000
4
A A o Oct 1917 A 1918
do
do
939,000
314 J A J 1919 A 1921
do
do
250,000
314 M A N May 1 1923
do
do
500,000
314 M A s Sept 1 1925
do
do
500,000
4
M A N Nov 11926
do
do
325,000
4
J A J July 1 1927
do
do
350.000
4
A A O April 1 1929
do
do
1,000,000
414 J & J Feb 1 1933
do
do
39,503,000 See text Q— J Apr 1 1913 1
3,149,800
6
M & s Mch 1 1913 3%
do
do
1,919,000
F A A Feb 1 1937
4
do
do
2.500.000
F A A Aug 11942
4
do
do
6,000,000
414 g J A J Jan 1 1944
do
do
5,454,000
3 g J A J July 1 1950
do
do
1,000,000
314 M A N Nov 1 1921
do
do
2,000,000
314 J A .1 Jan 1 1923
do
do
500,000
3 V. F A A Feb 2 1925
do
do
Terminal) bonds. V. 93, p. 940, 1323. Under joint lease with Maine
Central, Portland Terminal Co. provides for int. on that c o .’s 4% bonds
($4,500,000 issued). V. 95, p. 1332; V. 96, p. 419. Loans and bills paya
ble Apr. 1913, $24,500,000. V. 96, p. 1364.
1 y
DIVS.— f'93. ’94-’98. '99. '00-’07. ’08. '09. '10. ’ l l . ’ 12.
1913
Common — \ 8 6 yly. 6
7 yly. 8 % 6 6
5 4
l i
In July 1913 common dividend was omitted. V. 96, p. 789, 1364’, 1700.
EARNINGS.— 10 mos., f 1912-13----- Gross, $10,491,208; net, $8,455,277
July 1 to Apr. 30.
\1911-12----- Gross, 38,159,392; net. 8,548,988
ANNUAL REPORT.— Report 1911-12 In V. 95, p. 965, 1200.
Earnings—
1911-12.
1910-11.
1909-10.
Passenger.............................................$16,178,431
$15,929,378 $15,003,066
Freight ............................................. 26,811,513
25,891,481 25,451.237
Mall, express, A c________________ 3.000,420
2,994,225
2,902,872
Total operating
.
_ revenues.
$45,990,364
$44,815,084 $43,357,175
Net Income (after taxes)_________ 9,815,493
$8,506,216 $10,732,984
Rentals, sinking fund, A c________ 6,441,543
0,316,056
6.098,452
Interest accrued_________________ 2,083,703
1,834,171
1,783.910
Dividends on preferred stock (6 % ).
188,988
188.988
188.988
Dividends on common stock.
..(4)1,578,963 (5 H) 1,769,983 (6) 1.679,532
Balance.........................................def$477,703 def .$1,602,983 sur.$982,102
OFFICERS.— President, C. S. Mollen; V.-P. and General Auditor, W.
J. Hobbs; Treas., Herbert E. Fisher. Office, Boston.— (V. 96, p. 1700.)
BOSTON & PROVIDENCE RR.— Owns Boston, Mass., to Providence,
R . I., 43 miles; branches, 20 miles. Road is to be electrified and fourtracked. V. 95, p. 235. Leased 99 years April 1 1888 to Old Colony R R .;
rental i0% yearly on stock, lease being modified In 1912. V. 95. p. 235.
The New York New Haven & Hartford on June 30 1912 owned $482,600
stock. In May 1912 a Mass, law was passed permitting company to make
a mortgage to secure not over $8,000,000 bonds,due in not exceeding 75
years and bearing not over 4 14% Interest, and also securing the bonds for
merly Issued, guaranteed prin. and Int. by N. Y. N. H. A Hartf RR to
provide for electrification, additional tracks, elimination of grade crossings.
&c. The New Haven road is to make a small annual contribution to the
sinking fund to cancel the bonds at the expiration of tho lease. V. 94 d
1249. 1507; V. 95, p. 235, 678, 817.— (V. 95, p.235, 678, 817.)
’
BOSTON RAILROAD HOLDING CO.— Incorporated In Massaohusett*
June 18 1909 under special Act with power to hold securities of Boston &
Maine. The $100,000 original stock is to be held by the Incorporators or
their successors, the N. Y . N. H. & Hartford owning the remaining $3,006.
500. See law, V 88, p. 1618.
Owns $21,9i8,900 common and $654,300 pref. stock of the Boston A Me.,
or 51% of stock, for which has been Issued $27,293,900 non-voting 4% cum.
pref. stock, redeemable at 110, guar., prin. A dlvs., by endorsement by the
N. Y . N. H. A H. R R .. of which N. Y . N. H. & H. on June 30 1912 owned
$24,493,900. V. 93, p. 870, 1461: V. 94, 'p. 205; V. 95, p. 968. The
B. &^M. stock c^anmjt^be^sold^whhout authority from Mass. Legislature.
Pres., Charics S. Meilcn; ’ V .-P .,’ Timothy E. Byrnes, Boston; Treas..
Geo. B. Phippcn, Boston.— (V. 95, p. 968.)
’
BOSTON REVERE BEACH & LYNN RR.— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by com
pany’s ferryboats; East Boston to Winthrop, 5 miles; also Winthroo to
Point Shirley, 1 mile. V. 94, p. 982; V. 95, p. 1121. 1402.
In May 1913 applied to issue $150,000 bonds, tho remainder of the $1.
000,000 authorized Issue. V. 96, p. 1421.
DIVS.— J ’96. '97-’05. '06. '07. '08. ’09. '10. ’ l l . ’ 12.
1913.
Since 94— - l 3 2 yly. 4
5
6
6
6 7j4 6 U 4 . U 4 . U 4 . —
. Y f - e n d . June 3 0 — Gross.
Net.
Int.&taxes.
Divs. paid. Bal.,sur.
1911 }2 ................... .$951,891 $121,848 $69,953 (6%)$51.000
- - - - - - 919,921
122.502
69.579 (6%) 51,000
— (V. 94, p. 910, 982; V. 95. p. 1121, 1402; V. 96, p. 1421.)
$895
1.923
BOSTON TERMINAL CO.— Owns Southern Union Depot In Boston
opened In 1899. V. 68. p. 40: V. 69, p. 591. Boston & Albany, New Eng
land, Boston A Prov., Old Colony and N. Y. N. H. & Hartford R R . 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
caso of foreclosure. Reg. int. Q-F.; coup.. F. & A.— (V. 93, p. 1598.)
BRINSON R Y .— Owns Savannah, G a „ to St. Clair, 110 miles (includ
ing extensions from Waynesboro to St. Clair, 12 m., opened Feb. 1913trackago St. Clair to Augusta, 6 m.; total, 116 miles. Extension proposed
northeasterly from St. Clair to connect with Georgia R R . V. 96. p. 1555.
Common stock, $1,000,000. all outstanding; pref., 7% cum., $500,000;
outstanding, $415,000; par, $100; divs., F. & A .
Tho stockholders are to vote June 30 1913 on authorizing an issue of
$5,000,000 25-ycar first and refunding M . bonds, of which tho present issue
is to bo deposited as collateral for an issue of $1,000,000 2-year 6% notes.
Of tho remainder, sufficient is to be reserved to retire tho $865,000 1st M .
bonds, balanco for impts., extensions, &c. V. 96, p. 1555.
For 12 mos. ending June 30 1912, gross, $174,283; net, $51,798: taxes,
$9,000. Chairman, William Morris Imbrie; Pres., Geo. M . Brinson.
Office, Savannah, Ga.— (V. 96, p. 419, 1555.)
BROWNSVILLE & MATAMOROS BRIDGE CO.— Owns International
steel bridge over the Rio Grande River between Brownsville, Tex., and
Matamoros, Mex., connecting the St. Louis A San Francisco and National
Rys. of Mexico. Incorp. in Arizona Aug. 25 1909. Stock, $500,000, onehalf owned by National Rys. of Mexico, and tho other by St. Louis Browns
ville & Mexico R y.. which jointly guarantee both classes of bonds. 1st M .,
$333,000 auth. See table above and National Rys. report. V. 93, p.
1475; V. 94, p. 277.
BUFFALO CREEK RR.— Owns 6 mile* of terminal road InBufTalo, N.Y.
In Deo. 1889 leased for term of charter less one day to the Lehigh Valley and
RAILWAY STOCKS AND BONDS
18
R A IL R O A D C O M P A N I E S
{For abbreviations, &c., see notes onfirst page]
Boston & Alaine (Oon)— Bonds (n otm tge), cur.-o& i
Bonds (not mortgage) $12,000,000------------------- o&r
. Portsm Gt Falls & Con 1st M assum .....................• Worcester Nashua & Roch first mortgage equally
secured______________________________________ _
Miles Date Par
Amounf
Rate
Road Bonds Value Outstanding %
73
(47
i 47
1,47
1906 Sl.OOO&c
1909 1.000 &c
1877
1,000
1905
1,000
1890-3
1.000
1894
1913 5,000 &c
1913 1,000 &c
100
1,000
’88-’93
100
100
1,000
1897
1897 1.000 &c
1,000
1910
1913
1,000
1910
1,000
1911
1,000
1891
1,000
1910
[Vol.
X C V I.
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
M ft S Sept 1 1926
4
810,000,000
11,700.000
4M A ft o April 1 1929
1,000.000
4M J ft I) June 1 1937
150,000
4 g J ft J Jan 1 1935
735.000
4
J ft J Jan 1930
A ft o Oct 1 1934
4
380,000
E & A Feb 3 1914
10,000,000
5
J ft 1) Juno 1 1914
12,000,000
6
4,000.000
10
Q— J Jan 1 1913 2M
J ft J July 1 1918
4
2,170,000
J ft J10 July 10 1913 2%
27,293,900
4
850,000 6 In 1912 Q— J Julyl ’ 13 1M%
Seo text
4M g J & J15 Oct. 15 1927
Feb 1 1947
Text
14,500,000
3M
5 g M & N May 1 1935
865.000
See text
5 g J ft J Jan 1 1930
300.000
M ft S Sept 1 1931
4
93,000
5 g J ft J Jan 1 1941
1.000,000
1,000,000
5 g J & J Jan 1 1961
At Off,Causeway St, Bos
Chase Nat Bk, NY&Bost
New York and Boston
Amcr Trust Co, Boston
do
do
do
do
One-year notes----------------------------------------------------do
do
_______________________________
Treasurer’s office, Boston
63
Boston & Providence— Stock 10% guar 99 yrs Old Col
do
do
Bonds, to be secured by new mortgage (see text) _c*
Old ColonyTr Co,Boston
Boston RR Holding Co— Pref stk 4% cum red 110„_gu
Office, or checks mailed
Boston Revere Beach & Lynn—Stock $1,020,000----State St Trust Co. Boston
1st M (V 65, P 68; V 83, p 379) $1,000,000 g.SBo*ftr 13,20
Merch National Bk, Host
Boston Terminal Co— First mortgage curr------OB.o&r
Farm Loan ft Tr Co,N Y
Brinson Ry— 1st M. gold.................................... ......Fc*
—
First & ref mtge $5,000,000 see text_______________
St Louis Union Trust Co
Brownsville & Matam Bridge Co— 1st M gold guar.SSt
i. Gold bonds $100,000 guar jointly____ _________ N
U S Mort ft Tr Co. N Y
BuftaloCr— Con (now 1st) M $1,000,000 g lnt as rente*
6
New York
1st ret M $5,000,000 g red 105 since July ’ 12..U sm
Buffalo New York & Erie— See Erie Railroad
100 10.500,000 See text F ft A Feb 15 1913 3 36 Wall St, New York
Buffalo Rochester & Pittsburgh— Common stock.-T r
do
do
100 6,000,000 6 In 1912 F ft A Feb 15 1913 3
Pref stock non-cum common 6% then pro rata.-Tr
do
do
F & A Feb 1 1921
1881
1,000
109
1.300,000
6g
R & P 1st M gold Rochester to Salamanca.-Un.o*
do
do
1,000 3,920,000
239 1882
6 g J ft 1) Deo 1 1922
Rochester & Pittsburgh con M g ____________ Un.o*
do
do
M ft S Sept 1 1937
272 1887
1,000 4.427,000
5g
B R & P first gen mtge ($10,000,000) gold— Un.o*
do
do
1.000
10 1889
350,000
5 g J ft J Jan 1 1939
Lino P & Chari 1st M gold guar____________ Un.o*
do
do
352 1907 1,000 fto 7,312,000
B R & P consol mtge $35,000,000 gold..Ce,x.o*<fcr
4 M 8 M ft N May 1 1957
do
do
’99-01
1,000 2,490.000
Equipment bonds A B & C, each gold s f ------------ G
4 M 8 M ft N May 1919-20-21
do
do
1902
1,000
961.000
do
do D $2,000,000 gold red 105 sink fund,
4 M g M & N Nov 1 1919
do
do
1904
1,000
1,273,000
do
do E $2,000,000 gold red 105 sink fund,
4 M g M & N May 1 1922
do
do
1907
1,000 2,130,000
do
do F $3,000,000 gold red sinking fu n d ..
4 M g A ft <) Apr 1 1927
do
do
1,000
. . . 1909
1.890.000
do
do G $3,000,000 gold sinking fund------ G
4 g A ft O Oct 1 1929
50 8,656,900
B uffalo & Susq RR— Stock $4,000,000 is p r e f -.-.
July 1910 coup not puld
250 1901 1,000 &c 9.510.000
4 g J ft J Apr 1 1951
Flrst refunding mortgage gold (see text)..Alp.c*& r
Now York and London
S ft £
1913
450,000 Seo text See text Dec 1 1913
Buff & Susq Ry— Receiv certs $500,000 auth|red 10014
May 1910 coup not paid
1903 1,000 &c 6,000,000
First mortgage $6,000,000 gold...................Us.c*&r
4M g M ft N Apr 1 1953
1,000
1906
258,000
J ft J Jan ’ 14-July ’ 16 Harris,Forbes & Co. N Y
5
Equipment trust bonds $43,000 due seml-an.Usm.c
do
do
1,000
1907
2 1(»,000
A & O Oct ’ 13-Apr ’ 17
5
do
do
Ser B (V 85. p 39) $27,000 s-a.Usm
1907
1,000
405,000
F ft A Aug’ 13-A ug’ 17 Cotumb-Knlck Tr Co.NY
5
do
do
Ser C (V 85, p 283) $45,000 s-a.PeP
1,000
F ft A Aug’ 13-A ug’ 17 Penn Co for Insur, fto.
135.000
5
. . . 1907
do
do
Ser D $15,000 semi-annually............
May 1910 was apoolnted receiver of the railway, was also named as receiver
of the railroad company. V. 85. p. 1266; V. 90. p. 1238. Bondholders
statement as to status In 1912, V. 93, p. 1598; V. 94. p. 67.
Bonds. — The 4s are secured by a first refunding mtge. on the entire prop
erty, and are further secured by deposits of mortgages aggregating $2,778,;
516 on coal lands of the coal companies named below. V. 73, p. 619, 899
V. 84, p. 748. Coupons July 1910 and since unpaid.
Committee for First Refunding 4s.— Alvin W . Krech, Chairman; Lyman
Rhoades, 15 Nassau St., Sec.; Equitable Trust Co., fto., depositaries.
In Jan. 1911 over 80% of the bonds had been deposited. V. 90. p. 1238.
1489; V. 91, p. 37; V. 92, p. 117; see report, V. 93, p. 1596.
Pref. Stock Committee.—J. N. Wallace, Chairman; Hugh Rankin, Sec., 48
Cedar St.; Central Tr. Co., N. Y ., depos. V. 90, p. 1361; V. 91. p. 214.
BUFFALO & SUSQUEHANNA COAL & COKE CO.— This company,
the stock and first mortgage bonds of which are owned by the B. ft S. R R .,
and the bonds, as stated above, deposited as collateral to the railroad 4s,
owns coal lands at DuBols, Troutvllle, Onondaga and Sagamore, Pa. Six
mines In operation. V. 77, p. 1301: V. 79, p. 2091-92: V. 82. p. 1322;
V. 85, p. 1266. 2d M. bonds, 32,200,000 and $200,000 held by public
For year ending June 30 1912, gross. Coal & Coke Co., $1,537,793, agst.
$1,589,230 In 1910-11; net, after taxes, $136,091, agst. $252,551; other Inc.,
$40,243; lnt., sink, fund and deprec., $281,626; bal., dcf., $105,292.
POWHATAN COAL & COKE CO.— This company, all of whose bonds
and stock are owned by the B. & S. R R ., owns coal lands at Tyler and at
Sykes. Its coking plants, with capacity of 800 tons of coko dally, arc
shipping to Buffalo for use of Rogers-Brown Iron Co.
. EARNINGS.— 10 mos.,j 1912-13........ Gross, $1,524,909; not, $413,173
July 1 to April 30. \1911-12........ Gross, 1,463,197; not, 256.760
EARNINGS.— For year ending June 30 1912, gross, R R ., $1,717,
512; net, after taxes, $284,202; other Inc., $27,061; hire of equipment and
rents, $161,428; lnt. on receiver’s etts.. $1,275; bal., sur., $148,o60.
V . 92, p. 1558. 1635.— (V. 93, p. 1596. 1598; V. 94, p. 67; V .9 5 , p. 361.)
BUFFALO & SUSQUEHANNA RY.— Company owns from Wcllsville.
N Y to Buffalo, 86 miles, and In 1907 leased and acquired the entire
common stock of the Buffalo ft Susquehanna R R ., extending from Wellsville, N. Y .. to Sagamore, Pa., about 60 miles north of Pittsburgh, with
branches, 265 miles. Total mileage owned and leased, 356. The lease Is
no longer operative, both properties being In receivers’ hands.
The plants of the Buff. & Susq. Coal & Coke Co. and of the Powhatan
Coal ft Coke Co. (V. 75, p. 922: V. 79, D. 2061. 2091-92) are located on tho
lines of the B. ft S. R R . The Buff. & Susq. Iron Co., merged In RogersBrown Iron Co. Aprlt l 1910, which owned 2 blast furnaces at Buffalo,
acquired Its entire supply of coal and coke from the plants of the Powhatan
Coal & Coke Co. See V. 75. p. 922: V. 79. p. 2061, 2092.
Receivership.— On May 2 1910 Harry I. Miller was appointed receiver.
Interest on first 4 Hs being in default, r oreclosure pending. V. 90, p.1238.
On May 19 1913 6 mos.’ receivers’ certfs. were authorized, ranking ahead
^ q u ip m e n t°B o n d s !— a ’ sinking’fund of 5% will retire series A. B & C of 1st 4Ms, issue limited to £100,000 or £.)00,000, under which £69,000
were
discounted and $105,000 sold bearing 6% interest. V. 96, p. 1772.
equipment bonds annually on May 1. If purchasable at or below par; other
for First 4 Ms.— William Salomon. Chairman; Geo. G. Henry,
wise to be applied to the purchase of additional equipment. V. 6 8 , p. 1131, 25Committee
Broad
St.. Sec.; Bankers Trust Co., depos. V. 90, p. 1238; V.91, p.1765.
V 7 1 p 501- V .73, p. 348. Series D and E have an annual sinking fund of
STOCK.— Authorized, $10,000,000; Issued, $10,000,000; par, $100.
6 % for purchase of bonds Sept. 1 and May 1, respectively, at 105 and lnt.; If
not purchasable, bonds may be drawn by lot. Series D&E may also be called
BONDS.— The first 50-year gold 4 Ms (authorized Issue $6,000,000, all
as an entirety at 105. Series F may be purchased by sinking fund at not outstanding) are secured by a first lien on the terminal property at Buffalo
over Dar or drawn by lot at par and may also be drawn at 102 and lnt. on (part of which terminal property was sold after the creation of the niortgagc)
any lnt day. V. 84, p. 1365; V. 85, p. 283, 414, 863. Series G have an an and tho 86 miles of railroad In New York State; also by deposit wRh the
nual 6 % sinking fund to retire bonds at par and lnt.; if not purchasable, trustee of all the $4,656,900 common stock of the Buff. ft Susq. R R . Co.
bonds to bo drawn by lot. In 1912 $1,033,000 were sold and in Feb. 1913 V. 74. p. 1040. See V. 76. p. 593: V. 79. P- 2695.
$109 000 additional were sold. V. 89, p. 468; V. 91, p. 400; V. 93, p.
EARNINGS.— 10 m os.,(1912-13..Gross, *537.000; op. dot., $118,015
1785, 939; V. 94, p. 122.
July 1 to April 30. (1911-12-.Gross, 505,965, op. dof., 100,877
EARN INGS.— Ten months to April 30:
Receiver’s report for year ending June 30 1912 in V. Jo, p. 746, showed
10 M o s _
Gross.
N et.
Other Inc.
Charges.
Dal., Sur.
(1) Gross earnings, $595,572; op. def.. after taxes, $146,819 other Income.
1912-13
$8,915,409 $2,634,111 $856,250 $1,800,849 $1,689,512 $345,783; rents. $32,104; lnt. on receiver’sI certs.. $25,000. 5al., sur..
i 9 i i - i 2 . : : : : 7:765,866
2 ,4 3 3 , 9 9 9
6 1 5 ,2 5 5
1 ,7 3 4 , 4 3 8 1,3 4
4 ,8 1 6
$141,860;
(2) combined gross, both cos., S2,2 9 4 , 5 9 2 .against $2 374 320 In
ANNUAL REPORT.— Fiscal year ends June 30. The annual meeting 1910-11; gross Income, $361,194, against $459,986, rents, $44,500, lnt
Is held at New York on the third Monday In November. The report for receiver’s certs., $26,275; bal., sur., $290,419.
1 9 1 1 - 1 2 was given at length in V. 95. p. 357. 365.
In 1911-12 carried
OFFICERS.— Pres., E. R. Darlow; Sec. and T r e a s ., F. A. Lehr. Office.
7 188 280 tons of bituminous coal (out of 10,698,149 total tons of freight 962 Ellicott Square, Buffalo, N. Y .— (V. 95, p. 746; V. 96, p. 1772.,
moved), against 6,950,767 In 1910-11.
"BURLINGTON.” —See CHICAGO BURLINGTON & QUINCY R R .
1909-10.
Tear ending June 30—
1911-12.
1910-11.
CAIRO & NORFOLK RR.— See page 138.
Operating revenue............................... $9,542,368 $9,134,402 $8,936,117
6,094,355
CAIRO & THEBES RR.— Owns Cairo, 111., to the bridge across the
Operating expenses and taxes........... 6,668,221
6,359,845
Mississippi River at Thebes, 111., 25 miles. Leased to St. Louis Iron Mtn.
$2,841,762 ft Southern R y. for 99 years from Mch. 1 1911, rental covering Interest on
Operating Income------- ------------------ f o ’c l o ’i o - f
Net (Including other Income)............... $3,b53,72o $3,615,075 $3,394,143 $2,000,000 4% bonds, which is paid direct to bondholders. Under modifi
677.081 cation of lease made in 1911, the St.Louis & San Francisco and St. Louis
Rentals...................................................
674,517
674,186
1,189,689 Southwestern can use the terminals when they apply. v •-95. P- 1121.
Interest on bonds, &o_____________
1,208,314
1,231,612
12,696 Columbia Trust Co. of Louisville, K y., trustee. Stock, $10,000; par,
Miscellaneous______________________
4,564
10,069
125.000 $100. I’res., E. A. Smith, Cairo, 111.— (V. 92, p. 525; V. 95, p. 1121.)
New equipment.....................................
125,000
125,000
190.000
Equipment bonds retired__________
250,000
246,500
CALGARY & EDMONTON RY.— Owns Calgary Jet., Canada, to Strath360.000 cona,
Dividend on preferred stock (6 % )—
_ 360,000
360,000
Canada. 190.6 miles, and to Fort McLeod, Canada 107 miles; WeDividend on common sto ck _____ . (5)525.000 (4 M)472.500 (4)420,000 taskiwin to Ilardlsty, 100.3 m.; Lacombe to Coronation, 100.7 m.; total,
504.8 miles. The stockholders on Jan. 16 1912 authorized bonds for exten
Balance, surplus_________________
$506,330
$495,208
$419,677 sion of Lacombe branch, 125 miles; from the eastern end of 100-mile section
OFFICERS.— Pres., Wm. T. Noonan: V .-P ., Adrian Iselin Jr. and and “ bridge bonds" on branch line from Strathcona to Edmonton. V. 93,
W Emlcn Roosevelt, N. Y.; Treas., J. F. Dinkey, Rochester; Seo. and p. 1785: V. 94. p. 910.
.. . . „ „ „ nnn, . ,
In 1903 re-leased to Canadian Paclflo (which owns entire $1,000,000 stook
Asst. Treas., Ernest Iselin, N. Y .
„
Directors— Henry G. Barbey, A. Iselin Jr., Wm. E. Iselin, Walter G. and $5,900,000 1st M. 4% bonds) for 99 years, the 6% bonds (£1,121,700)
being
exchanged
for
an
equal
amount
of
debenture
stock,
on which Interest
Oakman, C. O’ D. Iselin, W. T. Noonan, George Emlcn Roosevelt, W . Emicn Roosevelt Ernest Iselin, Lewis Iselin, Oscar Grisch, Samuel Woolver- Is guaranteed at 4% . At end of lease the bonds will bo lPaulalJPar or ® *ur"
ther lease entered Into. V. 76, p. 434; V. 77, p. 1224; V. 80, p. 116.—
t o n , Hamilton F. Kean. N . Y . office, 36 Wall St.— (V. 95, p. 817, 1402.)
RUFFALO & SUSQUEHANNA RR.— Company owns from Sagamore, (V. 93, p. 1785; V. 94, p. 910.)
CALIFGRNIA-WESTERN RR. & NAVIGATION CO.— Owns Ft. Bragg.
Pa to Wcllsville. N. Y., with several branch lines, Including 15 miles
trackage Total mileage, 265. In 1907 leased to Buff. & Susq. Railway Cal., to Wllllts, 50.66 m „ the extension Shake City to Will ts, 12 m., being
which owns the entire common stock) for lnt. on bonds and dlvs. of 4% on opened Dec. 20 1911. Stock auth., $1,000,000; par, $100. Dividends
capital stock; but rental is In default. On July 23 1910 H. I. Miller, who In • paid year 1909, 2 M %;1910,7 M%; 1911,10%. Mortgage covers also tcrml-
the Erie R R „ which together own entire capital stock of $250,000. Rental
Is lnt. on bonds and 7% on stock. Of the 1st ref. bonds $1,000,000 are
Issuable to retire the old 5s. V. 92, p. 259, 593; V. 93, p. 43.— (V . 93,p.43.)
BUFFALO ROCHESTER & PITTSBURGH RAILW AY.— (.See M a p .)—
Operates from Buffalo and Roch.. N Y ., to bituminous coal regions.
Trackage (Concluded)—
M iles.
Lines owned in fee —
M iles.
Willow Grove to Pittsburgh, P a. 7
Buffalo Creek, N. Y ., to Mt.
Jewett, Pa----------------------------- •98 Penn. R R .— Penn. R R . Jet. to
Shuman Run Y, Pa____________19
Clarion Jet. to Lindsey, Pa...........59
Rochester to Ashford, N. Y ------- 94 Other__________________________ 5
Leased— Stock not owned—
Charlotte, N. Y ., to Lincoln Park 10
Indiana Branch-------------------------- 68 Allegheny & Western— a
Punxsutawney to Butler, Pa.,
Five branches----------------------------27
fto____________________________ 60
Trackage—
,
„„
Erie— Mt. Jewett to Clarion Jet. 21 Clearfield & Mahoning— a
Clearfield to Beech Creek R R .. 26
Baltimore ft Ohio—
2
Butler, Pa., to Newcastle------- 41 Mahoning Valley R R __________
Rlbold Jet. to Allegheny C ity .. 33
. i. t
.
Total Sept. 30 1912 (a See separate statement for this com pany)------- 570
ORGANIZATION, ETC.— Successor In March 1887 to the Rochester &
Pittsburgh, which was foreclosed In Oct. 1885, per plan In V. 41, p. 516.
The entire capital stock ($4,000,000) of the Rochester & Pittsburgh Coal
6 Iron Co. was owned (V. 6 6 , p. 1088) and through that company In May
1896 control was acquired of the Jefferson ft Clearfield Coal & Iron Co. (see
that co. under "Industrials” ) with $3,000,000 stock. In 1906 the stock of
the Roch. ft Pitts. C. & I. Co. was transferred (subject to the lien of the gen
eral mtge.) to the Mahoning Investment Co., having $4,200,000 authorized
stock In $100 shares. In consideration of $4,125,000 stock, the latter being
distributed Dec. 1906 pro rata in proportion of 25% among the holders of
Ry common and pref. stocks. V . 83, p. 1468; V. 85, p. 414, 415; report,
V. 9 5 , p. 616. For bonds of these coal companies see mlscel. cos. Clear
field & Mahoning securities are guaranteed.
DIVIDENDS.— / ’ 01. ’02. ’0 3 .’04-’06. ’07. ’0 8 .’0 9 .’ 10. ’l l . ’ 12. ’ 13.
-% l 4
4 5M 6 y ’ ly 514 414 4 4
5 514, 3,
Common___ The Mahoning Investment Co. In Aug. 1907 and Mch. 1908 also paid 2%
div. on its stock; Aug. 1908, 2% ; 1912, 3% (114% M . & S.); 1913, Mar.,
114% V . 8 8 , p. 685; V. 94, p. 419. Compare “ Organization above,
V. 85, p. 283.
BONDS.— General 5s for $5,573,000 are reserved for prior bonds, &o.
The $35,000,000 50-year consols are to bear not over 414% 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 at not over $ 1 500 0 0 0 vcarly or such larger amount In any
rre-ar
stockholders may authorize. V. 84, p. 867, 1306 V. 85, p. 39, 414,
year as stocknomergS7may
v . 90. p. 371. 558: V. 91. p. 400. 588. In
Aue 1912 $6,189,000 were outstanding and authority was given to Issue
$1,123,000 additional for extensions, betterments and improvements, all of
FOX
as
PR IN CE AL BERT
LAND
LAND
>a t i i u r s t
AZ
GREAT BEAR
RAILW AY STOCKS AND BONDS
LAKE ^0L
Lake
M a c k a V ft
’t.Slmps<
*Great Slave
JFt.Laird
:c delicto
TTXelson
CHICO'
jST.ANOR^
Iqu liepov
ftawa//
RIVIEf
Ft.McKay \
/Fl.M cM urray,
<\o'-° .r MAwREs BUn g *
a j§ § §
HazeltoiX
FhMcLf’od,
M M m M I
iJasper'
House
HWHaOLW
kTOO«i
Barkcrvillc;
E^da^Creek
«■»*»»*<
2 11
y
Donald,^” *
yTKcvelstojre CALGA
R—^
\VN
/ can- Arrowhead - Gerart
I
Nakusp <kA
1
co^
® * no
h
J u n e , 1913
,
— •
Furnas
[Snohomisl
texford
^°T1HfKlii
’
Kr
\
MAP OF THE
Tnciftc
' ^ UV^r
C A N A D IA N
NORTHERN
R A IL W A Y
U nder Construction
Proposed
-
-
— ____ _
20
RAILW AY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
(For abbreviations. & c., see notes on first page]
B u llfr o g -G o ld fie ld R R — See Tonopah & Tidewater Co
B u rlin g to n C ed ar R a p id s & N orthern — See Chicago R
B u rlin gton & M isso u r i V a lle y — See Chicago Burllngto
C airo & N orfolk R R — 1st M red 105 s t -------------------C airo & T h e b e s R R — F irst m o r t g a g e .............................
C aliforn ia P acific — See Southern Paclflo R R .
Cal VV R R & N— 1st M $600,000 gold guar s f (te x t).
C a m b r i a & C l e a r f i e l d — See Pennsylvania R R
C a m d en & B u rlin g to n C o u n ty — Stock 6 % guaranteed
F ir st M g gu p A 1 b y Un N J R R A Can C o -.G P .o *
C a n a d a A tla n tic — Consol (now 1st) m tge g gu p & 1 . .
M iles
Date
Road Bonds
Par
Value
ock Isl and Sc Paclflo R 7 .
n & Q uincy.
___ 1908 $, £ Ac
$1,500,000
23 1911
1 ,6 8 8 . 0 0 0
1 .0 0 0
39
30
30
396
___
457
404
16
PembJSouth 1st M guar (V 82, p 451. 1101)_______
C a n a d a so u th e r n — S tock _____________________________
C ons guar gold bonds (I s t M on m ainline) Q.xc*& r*
Leam ington A St Clair 1st M g gu p A 1 (en d )___o*
C a n a d ia n N o rth e rn — Stock $70,000,000___________
Canadian Northern Division $8,000 per mile) Guar177
M anltoba & S E (assumed $8,000 per m ile ), anteed
108
Gilbert Plains Branch $8,000 per m ile____ }• by
27
Ontario Dlv 1st M deb £36,200 are 4 M s____ Man.
287
1st con deb M(Man lines) $10,000 p m o A r .-J G ovt.
___
M anitoba Provincial bonds $8,000 per m ile_________
___
Perpetual consol debenture stock (V 81, p 1 6 0 9 )..
___
Flrst M deb stk $13,000 p m guar b y Canadian Govt
___
1st M stock $13,000 p m guar b y Canadian G o v t ..
___
First m tge deben stock guaranteed b y Saskatchewan
__
do
do
guaranteed b y A lberta______
do
do
guaranteed b y M anitoba
___
W innipeg Terminals m tge gold guar by M anltoba.o*
Incom e-charge convertible deb stock redeem t e x t ..
Qu’A p Long Lake A Sask 1st M £1,050,000 g u a r ..
249
Quebec & Lake St John deb stock guar___________ 286)4
Chn Nor A lberta R y 1st M deb stk guar by Can Govt
do
do
do
do
do
160
Canadian North Western 1st m tge g g u p A I______
___
1st land grant M red 110 (m oney depos to redeem)
do
do
red 105 to July 1 9 1 7 ____________
1910
1897
1905
1906
____
1912
1895
1899
1899
1900
1901
1904
____
____
1903
1908
1909
1909
1910
1909
1 ,0 0 0
25
1 ,0 0 0
£ 1 0 0 ,£ 2(10
500
100
1 , 0 0 0 &c
1 ,0 0 0
100
£100
£100
£100
£100
£100
$500
£100
$ & £
1906
1911
1911
1899
1909
$100
£100
£100
nals and railroad wharf. Bonds are guar., p . A 1., b y Union Lum ber Co.
and redeem able at par on any Int. day since July 1 1910. Sinking fund
$5,000 yearly beginning 1911. V . 90, p. 625. Year ending D ec. 31 1911,
R R . gross, $187,201; net. $80,177; other Inc., $68,851; bond ln t., $20,497;
other charges., $5,269: d lvs., $100,000: b al., $23,262.— (V , 90. p .6 2 5 .)
(T H E ) C A M B R I A & C L E A R F I E L D R Y — T h e stockholders voted
Jan. 20 1913 to sell th oroa d (total, 309 miles) to the P enn .ItR . V .96,p.284.
In 1912, gross, $3,021,430; net, $277,701; other Inc., $29,516; in t., taxes,
& c., $342,491; bal., d ef., $35,274.— (V . 96, p. 281.)
C A M D E N & B U R L I N G T O N C O U N T Y R R . — Owns from Pavonla, N . J ,.
to Pem berton, N . J .. 23.35 miles; branch, Burlington, N . J ., to Mount
H olly, 7.12 m .; connection with P . & L . B. R R . at Birmingham, N. J .,
0.39 m .; total, 29.86 m . Operated under lease b y Penn. R R ., which guar
antees 6 % on stock. Stock, $381,925; par, $25. In 1912, gross, $393,070;
n et, $57,166; profit to lessee under rental, $19,751.— (V . 64, p . 373.)
C A N A D A A T L A N T I C R Y . — Owns D epot H arbor, Ont., on Georgian
Bay, via Ottawa, to A lburg Jet., 399.57 m .; trackage to Swanton, V t.,
A o., 6 . 6 6 m .; leases for 99 years Central Counties R y ., Glen R obertson to
H awkesbury, 22.24 m ., and South Indian to R ockland, 16.25 m .; owns
greater part of stock of Pem broke Southern R y . branch from Pem broke 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 O ct. 1 1905. V . 81, p. 1174.
Canada A tlantic Transit C o., $1,000,000 stock, operates steamers. Depot
H arbor to Duluth, Milwaukee and Chicago. V . 69, p .9 5 4 ; V . 70, p .2 7 9 .
The 50-year 4s of 1905 (authorized Issue, $16,000,000; R oyal Trust C o.,
Montreal, trustee) arc guar., prln. A Int., by Grand Trunk. V. 79, p. 967,
1131, 1641, 2454: V . 80, p. 1058, 1727, 2343; V . 87, p. 1477.
S T O C K .— $6,199,100 com m on and $1,000,000 preferred, all Issued.
R E P O R T .— In 1911-12, gross, $2,199,416; net, $250,776; other Incom e,
$38,355; int. on bonds, $702,940; b al., d ef., $414,112.— (V . 90, p . 1169.)
C A N A D A M I C H I G A N & C H I C A G O . — Bonds worthless.— ( V . 6 3 . p . 8 3 8 .)
C A N A D A S O U T H E R N R Y . — (See M aps N . Y . Cent.
Hud. R iv. R R .)—
R O A D .— Main line from Suspension Bridge station. Including the Cantilever
Bridge, to W indsor, Ont., 226 m .; branches to Courtrlght, O nt., A c., 231 m .;
total, 457 m .; of which 85 miles are nom inally owned b y proprietary com
panies. Trackage, St. Thom as to London, Ont., 15 m. Double track. 152 m .
Detroit River Tunnel, com pleted In 1910, see Michigan Central R R .
O R G A N IZ A T IO N , E TC .— The com pany 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, guaran
teeing dlvs. thereon at 2 M % yearly to Jan. 1 1910, thereafter 3 % . V . 76,
p. 1191, 1247; V . 77, p. 950.
T h e M ich . C ent, guarantees, prln. and int. o f $40,000,000 50-year bonds,
lnt. not to exceed 5 % , o f which $22,500,000 5s were sold to refund the
$14,000,000 6 s and $6,000,000 5s m aturing Jan. 1 and M ch . 1 1913, respec
tively, and to cover the cost o f im provem ents m ade and to be m ado. T he
remaining $17,500,000 are reserved to refund tho $130,000 divisional bonds
and for additions, extensions, im provem ents and additions at not over
$3,000,000 yearly. V. 95, p. 1607, 1744: V . 96, p. 134, 200, 789, 1421.—
(V . 95, p . 1607; V. 96, p. 134, 200, 553, 789, 1421.)
C A N A D I A N N O R T H E R N R Y . — (See M a p .)— Operates from Port A r
thur, O n t., on Lake Superior, to W innipeg, and under construction through
Northwestern Canada to Paclllo Coast. Present mileage:
Port Arthur to P a d d in g ton .. M .435 Regina to Prince A lb e rt____ VT. 250
Twin City Jet. to North L a k e .. 73 Dauphin to E dm on ton__________ 649
Emerson Jet. to South J et_____
73 Dalm eny to Laird......................... 28
W innipeg Term . A Transfer___ 20 N orth Battleford to E d am _____
38
Portage Jet. to Emerson J et____ 62 E dm onton Jet. to M orlnviile___ 21
W oodw ard A ve. to D auphin___176
Battleford to Battleford J et____
8
T otoga n Jet. to T otoga n ________
2 E dm onton to Stony Plains.........
21
Brandon Jet. to Carberry J et___ 23 Vegreville to Drum eller_________ 173
Carman Jet. to B elm ont_________ 119 Strathcona to E d m on ton______
7
Thunder Hill Jet. to Precoville. 72 Prince Albert to Blaine Lake___ 64
H udson B ay Jet. to Lo P as_____
87 Shellbrook to Big R iv er_______
56
Greenway to A delpha__________ 52 Dellslo to M cR orio ____________
46
St. James to Gypsum vllle_____ 157
Arizona Jet. to C. N . J u n c tio n .- 299
Delta Jot. to D elta.....................
15 Luxton to Blenfait____________
16
Oakland to end o f steel_________ 3 3 M aryfield to R advllle____________140
Paddington to B ird’s H ill--------9 Morris and
Brandon Jet. to
N eepawa to M cC reary J et_____ 37
Hartney J et...................
38
Ochre R iver to end o f track____
15 Belm ont to V irden_____________
91
Morris to Som erset____________
62 Hallboro to Beulah...................
75
North Jet. to Prince A lbert------ 361
SIfton Jet. to WInnepcgosIs____
21
R ossbum Jet. to Ross J et______ 197
Saskatoon to A ls a s k _____________170
N eepawa Jet. to N e e p a w a _____
33
T otal June 30 1912 (Including about 710 miles leased)...................4,316
F or proposed tine Montreal to Port Arthur, and obligations thereon,
see Canadian Northern Ontario R y . below.
During 1911-12 added 586 miles of new road to thesystem . V .9 5 ,p .l3 9 4 .
In D ec. 1912 4,316 miles were in operation and 635 miles o f extensions are
expected to be com pleted during tho fiscal year 1912-13, including tho ex
tension o f the W innipeg-Edm onton main lino to Yellow Head Pass, 252
miles, and tho division to C algary, 130 miles. The through line to tho
P acific C oast is expected to bo com pleted b y 1914. V. 95, p. 1683. Subsi
dies granted to Can. N or. and affiliated cos. to Juno 1913 (aggregate
$120,120,461); additional subsidies voted Juno 5 1913 (total $15,640,000)
in return for which $7,000,000 R y . stock to bo given to G ov t. See V.
96, p. 1627.
In M a y 1913 amalgamation with tho W innipeg Sc N orthern R y . was
com pleted and in Juno 1913 amalgamation with the Canadian Branch Lines
C o. was pending. V. 96, p. 1156, 1295.
As to proposed extension through British Columbia, see separate state
ment "Canadian Northern Paclflo R y .” on next page.
In 1911 the Government awarded the contract for the first section of the
Hudson B ay R y . from The Pas to Split Lake Jet., 253 miles, and In 1912 for
tho remainder of the line to Port Nelson or to Fort Churchill on Hudson B ay
Amount
Outstanding
&
Ac
468,000
Rate
%
5
4
6
g
[ V o l . X C V I.
When
Payable
& N May 1 1928
S Mch 1 1961
Chic, L ondon, Paris, Sco
See text
J Jan 1 1915
Anglo-Cal Tr Co, San Fr
M
M
Sc
J
&
381.925
6
J
& J
350,000
4 g
F Sc A
16,000.092
4 g J Sc J
150.000
4
M Sc S
15,000,000 See text F Sc A
22,500,000
5 g
A & ()
130.000
4g A & O
70,000,000
4
F A A
}) text.
-See
f1
4
V Sc A
4
M Sc N
J
1
£1,180,600 4 Sc 414 g J Sc D30
4
£2,497,800
J Sc D30
$349,000
4
J Sc D30
£8.391,106
4
£1,923,287
3 • M 31-S30
£1,622,586
J 20-J 20
3K
J
4
Sc D
£1,625,000
J Sc D
£1.122,945
4
4
£587,671
4 g J Sc J
£747,945
x*. i\r 9.
£5.l44,n;tn
£1,037,972
4 g ,T Sc J
J Sc J
See text
4
£647,260
J 20-J 20
$4,000,000
$2 , 0 0 0 , 0 0 0
£760.000
4 g
4 g
4
M
F
J
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
July
Feb
Jan
Sept
Aug
O ct
Oct
1913 3 % B road St Station, Phlla
1 1927
do
do
1 1955
Mont, N Y & L ondon
1 1956
Royal T r Co. Montreal
1 1913 1 IS Grand Cent Term , N Y
1 1962
New Y ork
1 1945
Agts Bk of Montreal, N Y
Feb 1 1929
Feb 1 1929
N ov 1 1930
June 30 1930
June 30 1930
Oct l 1930
Irredeemable
July 10 1953
July 20 1958
1939
1939
July 1 1939
Mav fi 1030
July 1 1936
Perpetual
May 4 1960
A pr 1 1962
Sc N M ay 1 1941
Sc A Feb l 1919
Sc J July 1 1938
Can Bk of Com.N Y ; ALon
L ondon and T oron to
London, T oron to A N Y
Can Bank of Comm , Tor
L ondon , England
do
L ondon and T oron to
London
L ondon, T oron to A N Y
Can Bank of Comm . Lon
L ondon and Toronto
T or, Lon, Brussels. Ao
N at Tr Co, T or or Lond
London, England
(about 165 or 245 miles, respectively). The Canadian Northern, It Is
understood, will operate the road. V. 93, p. 526.
As to B ay of Quintc R y ., see V . 93. p. 6 6 8 ; V . 94, p. 205. 629.
The Canadian Northern Steamships. L td ., Incorporated In O ct. 1909,
to operate on the A tlantic Ocean between Quebec and Montreal and
Bristol, Eng. V . 90, p. 697; V . 91, p. 1322; V . 98, p. 1383
O R G A N IZ A T IO N .— The Manitoba lines of the Northern Paclflo R y .,
351 miles, arc sublet from the Provincial G ovt, for 999 years from May 30
1901 at $210,000 annually for the first 10 years, then $225,000 for 10 years,
then $275,000 for 10 years, and thereafter $300,000, with option of purchase
for $7,000,000. Manitoba G ovt, has option to purchase entire property in
1929. V . 72, p. 437; V . 73. p. 615. Canadian Northern R y . System
Terminals incorp. 1907, stock $2,000,000. V . 85, p. 863; V . 94, p. 1695.
A L L IE D CO M PA N IES.— The allied Canadian Northern Ontario and the
Canadian Northern Quebec railways will afford access to T oron to, Ottawa,
Montreal, Quebec, A c., and the Canadian Northern Pao. to the Pacific Coast.
As to Quebec A Lake St. John, see that com pany.
In 1910 the Duluth W innipeg & Pacific R y . was organized b y Can. N or.
Interests to control the Duluth R ainy Lake A W innipeg and to construct
an extension from Virginia, Minn., to Duluth, about 75 m ., Ac. V. 87.
p. 1604; V. 8 8 , p. 563, 821; V. 91, p. 1322. The Canadian Northern
will guarantee, prln. and Int., the $10,500,000 1st M. 4s, of which $6,148,333
has been Issued. See said com pany. V . 89, p. 1279; V . 90, p. 1424.
The Qu’Appelle Long Lake & Saskatchewan R R . Sc S. B. Co. 4 % deben
ture stock has prln. and Int. guaranteed b y the Canadian Northern R y . Co.
The property Is leased. V . 83. p. 214, 324. 6 8 8 , 1036.
Canadian N orthern Branch Lines C o ., see V . 9 l , p. 1511; V . 92, p. 321.
D E B E N T U R E S T O C K .— The £2,497,800 4 % first m tge. consolidated
debenture bonds, prln. and lnt. guaranteed by G ovt, of Manitoba, dated
June 30 1904, are secured by first m tge. to National Trust C o., L td ., T o
ron to, Ontario (not exceeding $10,000 per m ile), covering certain lines In
the Province of M anitoba am ounting to about 1,185 miles, a proportion of
tho amount of this issue being held In trust b y the National Trust C o., L td .,
for the exchange of the following Issues yet outstanding: (a)£105,300 Mani
toba & Southeastern 4 % first lien on 108 miles, assumed; (b) £233,700 Cana
dian Northern R y ., SIfton branch, 4 % bonds secured on 197 miles SIfton
Junotion to E rwood, guaranteed, prln. and Int., b y Manitoba Governm ent;
(c) £1,500 Gilbert Plains,4 % bonds, a lien on 27 miles Dauphin to Grand
View, guaranteed b y Manitoba G ov’ t. V . 80, p. 116; V . 78, p. 1274; V . 79.
p. 2794; V . 81. p. 1607; V . 82. p. 568.
In 1903-12 £7,492,750 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, p. 87:
V . 80, p. 996; V . 81, p. 1609; V . 8 6 . p . 1099; V . 87. p. 36; V . 89. p. 1279:
V . 90, p. 770. 1424, 1489; V . 93, p. 400. V . 94, p. 1695.
The £1,923,287 3 % 1st M. debenture stock, guaranteed by Dominion
Government, dated July 29 1903 (trustees. British Empire Trust C o., L td .,
London, England, and National Trust C o., L td ., Toronto) Is a 1st charge
on line from Grand View to E dm onton, 620 miles, at $13,000 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 M anitoba. Additionally
secured b y first lien on the extension of the Prince A lbert branch to Prlnco
A lbert from a point 100 miles east: b y second lien on the portion of the
Prince A lbert branch running from Erwood to a point 100 miles from Prince
Albert, and b y charge on other lines then constructed— an aggregate of
918 miles. V . 80, p. 1234; V . 76, p. 1299.
In May 1910 the Canadian G ovt, agreed to guarantee Canadian Northern
Alberta R y . 3
bonds for the construction of a line from Edm onton west
to the coal areas near the Brazeau River, A c., 150 miles, at the rate of
$13,000 per mile for tho first 50 miles and $25,000 for the remaining 100
miles, Canadian Northern R y . guaranteeing paym ent to Governm ent.
V . 90, p. 1295: V . 92, p. 794, 880: V . 93, p . 162. In Jan. 1913 a trust
m tge. mado b y Canadian N orthern A lberta R y ., dated N o v . 29 1912, was
file d , securing 50-year 3 Vi % debenture s to ck , gu ar. b y tho D o m . o f C an ada,
covering a line extending from a point 150 miles from Prince A lbert to tho
boundary o f British C olum bia near Yellow Head Pass for not exceeding 115
miles. V . 96, p. 284.
In July 1908 the Dom inion Government agreed to guarantee prln. and
Int. of 3 H % 50-year bonds or debentures to be Issued at $13,000 per mile
on 609 miles of branches In M anitoba and Saskatchewan. V . 8 8 . p. 346,
821; V . 87. p. 1159: V . 91, p. 37, 93: V . 92. p. 794, 880.
In June 1909 £600,000 4 % first m tge. debenture stock, prln. and lnt
guaranteed b y the G ovt, of the Province of Saskatchewan and £600,000,
prln. and lnt. guaranteed b y the Gov’ t of the Province of A lberta, were
ofiered In London, secured b y separate deeds of trust, the amounts now
Issued being at $13,000 per mile, with the right reserved to Increase the
am ount to $15,O0O and to issue stock or bonds for additional lines. V . 89,
p. 40; V . 8 8 . p. 1497. 1619; V. 91, p. 1322; V . 94, p. 1316.
The Canadian Northwestern R y. 1st M. 4s, guar., p. & 1. b y the Canadian
Northern R y ., are Issuable at $25,000 per mile to build 160 miles connecting
the Canadian Northern main line with the mining district of Brazeau,
A lberta, is to be com pleted In 1913. V . 93, p. 1724.
IN CO M E -CH A RG E STO C K .— The 5 % Income-charge con v. deb. stock,
limited to $10,000 per mile, Is red. at any time after May 6 1920 and Is con
vertible on Jan. 1 1916 or any subsequent Jan. 1 or July 1 until Jan. 1 1919,
at the holders’ option, Into full-paid com m on shares at the rate of $500
(or £102 17s.) of deb. stock for $500 capital stock, on 00 days’ notice. Tho
Interest will be payable May 2 and N ov. 2 only to the extent that the net
earnings are sufficient after paying fixed charges, and will bo declared
April 10 and O ct. 10 out of earnings of the half-years ending June 30 and
Deo. 31.
The Issue Is secured by a general charge on the property
(other than land and m oney subsidies) ranking behind the 4 % consol, deb.,
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
securing any securities guar, b y the Dom inion or any of the Provinces of
Canada. Coupons paid In full to May 1913. V . 90, p . 1674; V . 91, p.
1322: V . 92, p. 1031; V . 95, p. 1039; V . 96, p. 201.
W IN N IP E G T E R M IN A L 4s.— The 4s of 1909, of which $3,000,000 have
been sold, are guaranteed, prln. and lnt., b y endorsement, by the Province of
22
RAILW AY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, &c., see notes onfirst page]
M iles Date
Road Bonds
Canadian Northern— (Concluded)
Imperial R olling Stock ser B, C .F $210,000 d u e y ’ly
do
do
—
ser G $45,000 due yearly___
do
—
do
ser K part due yea rly_____
fd o
do
ser L $250,000 due y e a r ly .,
—
do
do
part yearly (V 85, p 599) . .
__
do
do
ser N AO $200,000 yearly.o*
__
do
do
ser P $100,000 due scm l-an.
__
do
ser R $170,000 yea rly .__c
do
__
do
do
ser S $100,000 yearly
o
__
do
do
ser T $150,000 yearly
c
__
do
do
ser U $50,000 yearly
__
do
d o ser V $300,000 y ’ly (V 91, p 153) .c*
__
do
d o ser A 1 $184,000 s-a(V 92,pl031) c*
__
do
do ser B 1 due part s-a (V 93 p 1385).
__
do
do ser C -l due part s.-a. (V. 94, p.1448)
__
do
d o ser D -l due part s.-a. (V. 94, p. 1448
__ _
do
do ser E -l due part s-a (V 95, p 1683) c*
__
do
d o ser F -l due s-a (V 96, p 651) G P c*
__
do
d o ser G -l due s-a (V 96, p 1 0 8 8 )0 Pc*
__
Equip notes g ser I due $29,000 seml-ann____ G.xc
__
Canadian ^Northern Ontario— Guar deb stk (see text)
268
Perpetual consolidated debenture stock
__
Guaranteed 1st M deb stk, $35,000 per m i l e . ..........
__
Can Nor Pacific— 1st M deb stock gu b y Brit Coluin
208
Can Nor Quebec— Gt N or cons M $5,462,000 (text) Ce
Perpetual guaranteed debenture stock (see text)
Canadian Pacific— Stock $260,000,000 authorized____ • __
Preferred stock limited to 4 % n on -cu m u la tlv e.. r
__
First m ortgage debentures sterling_________________ 5,654
First m ortgage on A lgom a Br g ............................. c* Ar
179
Consol perpetual debenture s tock .................................
—
■j Securities o f Principal Leased, A c ., Lines.
M anitoba S W Col R y $12,000 per mile Int guar gold
218
A tlantic & Northwest— 1st m ortgage gold g u ..c * & r
350
St Lawrence A Ottawa— first m ortgage gold see text
58
Ontario & Quebec stock guaranteed In p erp etu ity ..
__
Ontario A Quebeo deben Interest guar In perpetuity
671
T oron to Grey & Bruce 1st M gold Interest as rental
191
New Brunswick R y 1st M gold Int from ren tal___c*
174
Perpetual consol debenture stock. Interest g u a r ..
—
1903
1904
1905
1906
1906
1907
1907
1908
1909
1909
1909
1910
1911
1911
1912
1912
1912
1913
1913
1910
1908
1909
1911
1909
1904
____
____
Par
Value
$ or
$ or
$500
500
500
£
£
Ac
&c
&c
500
500
500
500
Ac
&c
Ac
&c
500 Ac
500 Ac
500 &c
1 ,0 0 0
500 &c
500 &c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
100
&c
£100 Ac
£ 1 Ac
1885
1888
1889
£100
1884
1887
1876
1 ,0 0 0
£ 1 0 0 &c
____
____
1883
1884
1890
£50 &c
$100
£1
£100
£100
£1
Manitoba; additional bonds m ay be Issued and guaranteed on authorization
of the Legislative Assem bly o f Manitoba for further expenditures. The
Grand Trunk Pacific will pay abou t $97,500 yearly for use of terminals,
which were opened In July 1911 (as against $120,000 annual Int. on bonds
Issued), and further rentals may be arranged. V . 89, p. 665, 1480.
L A N D G R A N T B ON DS.— $2,000,000 first m tge. 4% land grant bonds
are secured by 1,365,333 acres of land grant subsidies from Dom inion 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
were secured on 1,250,000 acres of land In Manitoba and Saskatchewan, of
which 378,000 acres have been sold and proceeds paid over to the trustees;
£197,200 retired, as provided in trust deed. V. 87, p. 479,1477; V . 8 8 ,p 1126.
G E N E R A L F IN A N C E S .— The road m ay be com pleted to the Pacific
Ocean in 1914. See also V. 92, p. 794, 880: V. 95, p. 1683. In 1912 the
prior right o f selection o f certain lands was sold for $5,500,000. V . 94, p. 206.
E A R N IN G S .— 10 m os., (1912-13____Gross, $18,583,200; net, $4,926,300
July 1 to A pr. 30.
\1911-12____Gross, 15,947,000; net, 4,236,300
R E P O R T .— R eport for year ending June 30 1912, in V . 95, p . 1394 .shows:
„
1911-12.
1910-11.
1909-10.
1908-09.
A verage m ile s .............
3,888
3,383
3,179
3,013
Gross earnings................$20,860,094 $16,360,712 $13,833,062 $10,581,768
Oper. expenses & taxes. 14,979,049 11,370,365
9,488,672
7,015,406
N et earnings_________ $5,8811,045 $4,990,347
In t. bds. g u . b y D . o f Can
$539 ,205
$359,257
In t. bonds gu. b y M a n it .
951 ,539
933,268
In t. gu . b y Saskatchew.
236 ,319
66,560
In t. guar, b y A lberta___
89 ,960
In t. perp. cons. deb. stk. 1,496 .989
1,388",410
In t. Qu*App. L . L . & S .
203 ,019
203,983
In t. on 4 % land gr. bds.
163 ,793
184,563
Rentals leased lines, & c .
238 ,960
225,210
In t. on equip, leases____
711 ,060
621,399
In t. on inc. deb. s tk ____
674,804(5% )312,872
$4,344,390
$280,800
709,158
$3,566,362
$280,800
695,641
1,150,055
203,988
191,533
223,960
554,143
938.399
203,983
96.107
223,960
480,727
Surplus for yea r..........
$575,397
$694,824 $1,030,757
$646,745
O F F IC E R S .— Pres.. Sir William Mackenzie; V .-P ., Sir Donald Mann;
3d V .-P ., D . B. Hanna; S ec., W . H . M oore; all of Toron to, O nt. Directors:
Sir William Mackenzie, Sir Donald Mann, Z . A . Lash, Frederic NIcholls,
T oron to, O nt.; R . M. H orne-Payne, London, E ng.— (V . 96, p. 1627.)
CANADIAN NORTHERN ONTARIO RY. — {See M ap Canadian Northern
R y.)— Owns Rosedale to Sudbury J et., 258 miles; Sudbury Jet. to Ruel, 6 6
m .; East D on to Deseronto, 134 m .; branches and spurs, 20 m .; trackage.
Rosedale to T oron to, 4 m .; total, 481 miles. From Sellwood the main lino
is now being extended toward Port Arthur, where a connection will be m ade
with the Can. N or. R y . See deb. stock below. In connection with C an.
Nor. Quebec R y ., a through train service Is maintained between Ottawa.
Quebec and Montreal. V. 92, p. 162; V . 94, p. 629. Owns m odern orehandling plant at K ey H arbor, 80 miles from Moose Mt. iron mines.
In A ug. 1910 Interests closely allied with the com pany, It Is understood,
acquired practically all the stock o f the Ontario A Ottawa R y ., which
had acquired Central Ontario R y .. A c., total 243 miles. V . 91. p. 276,
462; V . 93, p. 162. 1259. Seo B O N D S below . See V . 95, p . 1402, 1744.
Subsidies Juno 1913, V . 96, p. 1627.
O R G A N IZ A T IO N .— Controlled by same Interests as the Can. N orth.
Capital stock (shares $100), authorized, $1,000,000; Issued June 30 1912,
$250,000. Debenture stock, 3 )4 % , £269.040, due July 10 1936 a n d £ l,3 4 0 .023. due June 30 1938, Interest Mch. 31 and Sept. 30 and Dec. 31 and June
30. Authorized at $20,000 per mile. Prln. and Int. guaranteed by Prov
ince of Ontario. V . 87, p. 96; V . 8 8 , p. 1060.
The £800.080 4 % perpetual consol, debenture stock of 1909 Is a first lien
on road from H awkcsbury to Ottawa and from Ottawa to Niagara, via
T oron to, with additional charges on other lines. V . 89, p. 40, 162.
In May 1911 the Canadian Government agreed to guarantee 3 )4 % 50-year
1st M. deb. stock at $35,000 per mile oh not exceeding 1,050 miles, to co n struct line from Port Arthur to Montreal via Sudbury and Ottawa Valley,
of which 970 miles were under construction In Deo. 1911. The Can. N or.
R y. Is to Indem nify the G ovt, against loss on the guaranty. The deb. stock
(authorized Issue £7,493,836) will be secured b y a first charge on the road
and equipment from Montreal to Port Arthur, ranking after the 30-year
3 )4% deb. stock created under trust deeds dated July 12 1906 and June 24
1908 in so far as they m ay be unchanged and outstanding and upon any
bonds or deb. stock deposited as collateral. The com pany Is required to
deposit with the trustee o f said new m ortgage bonds or debenture stock
Issued under the trust deed o f June 28 1909 an am ount equal to $35,000 per
mile of the line between a point opposite Hawkesbury and RIdcau Junction,
and on the 10 miles of the H utton branch, being approxim ately $2,558,500
of such bonds and debenture stock. In Dec. 1911 £7,000,000 was offered
In L ondon . See guaranty, V. 93, p. 1667; V. 94, p. 349: V. 92 p. 1309,
143o, 1635; V . 93, p. 1190, 1667. Bonds will also be Issued for the Montreal
and T oron to terminals. Immediate outlay probably abou t $10,000,000 or
m ore, to be built under charter of Canadian Northern Montreal Tunnel &
Term . C o., L td. V . 92, p . 1435; V . 93, p . 162, 526. 1190; V . 95, p . 235 ,69 7 .
D IR E C T O R S .— Sir William Mackenzie, Sir Donald Mann, Frederlo
NIcholls, W . H . M oore. L . W . Mitchell. Z . A . Lash, all of T oron to, O nt.;
and R . M. H orne-Payne, London, Eng. Pres., Sir W illiam Mackenzie:
V .-P ., Sir Donald Mann; 3d V .-P ., D. B . Hanna; See., W . H . Moore, all o f
T oron to, O nt. O ffice, T oron to, Ont.— (V . 94, p . 629; V . 95, p . 1744.)
CANADIAN NORTHERN PACIFIC RY. — (See M ap Canadian Northern
R y.)— T o construct a line across the Rockies from Yellowhead Pass to Van
couver and Pacific tidewater, about 600 m ., to be com pleted within 4 years.
Also a 150-mlle line from the 100-mlle post on the Vancouver Island section
to the east coast of Vancouver Island and a 145-mile line to Vernon, and
thence via Long Lake to Kelowna and to O ’ Kanagan Lake. In May 1911
contracts were let from H ope to Kam loops, 163 miles, estimated cost
Amount
Outstanding
Rale
%
[ V o l . X C V I.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$70.000
F A A Aug 1 1913
5
C Bk o f Com, N Y , or Lon
$90,000
5
M A S Sept 1 1913-’ 14
do • T oron to, or Lon
$370,000
4)4 g A A () Oct 1 1913-’ 15 N Y , London or Toronto
$700,000
A D June 1 1914-’ 16
4)4 g .!
$229,001)
4)4 g M & N N ov 1 1913-’ 16
$800,000
A D June 1 1914-’ 17
4)4 g .1
$900,000
4)4 g F A A Aug '13-A ug ’ 17
do
do
$S50,000
4)4 g M A S Mch 1 1914-’ 18
$700,000
4)4 g M A S Mch 1 1914-’ 1S
$1,050,000
4)4 g M A s Sept 1 1913-'1S
M A N N ov 1 1913-’ 1S
$350,000
4)4
do
do
M A N N ov 1 1913-’20:
2,400,000
do
do
4)4
do
do
2,948,000
4 )4 g F A A Aug ’ 13-Feb ’21!
1,276,500
4 )4 g M A S Sept ’ 13-Sep ’2 1N Y , London A Toront<
1,900,000
4)4 g A A () Oct ’ 13-Apr ’22 Phila Tr, S D A Insur Co
2,700,000
4)4 g A A O Oct ’ 13-Apr '22 N Y . London A T oronto
s Sen ’ 13-Seot’22
2 ,0 0 0 , 0 0 0
do
do
4)4 g M A
4,000,000
4)4 g M & s M ch ’ 1 4-M ch’23 Girard T r C o . Phila
1 ,0 0 0 , 0 0 0
do
do
4)4 B M & s M ch ’ 14-M ch’23
F A A T o A ug 1 1915 Guaranty T r Co, N Y
5 g
149,000
£1,615.068
Various 1936 and 1938 Can Bk of Com m erce,Lon
3)4
4
A A 0 2 Perpetual
£800,000
C Bk of Com, T or A Lon
£7,000,000
3 )4
J & J 20 May 19 1961
do
do
£2.438,356
4
A & () A pr 2 1950
3,505,000
4
A A O Oct 1 1934
Can Bk o f C om ,N Y A Tor
£1.038.855
4
London
J A D31 Perpetual
See text
See text
Q— J Jne 30 1913*2)4 Lond A 31 Pine St. N Y
$66,695,097
4
A A n Apr 1 1913 2% Company’s Office, Lond
Seekext
A j July 1 1915
5 g
J
Baring Bros A Co, Lond
3.650,000
T A ,T July 1 1937
Baring Bros A Co, Lond
5 g
153,823,707
4
J
A J Irredeemable
Com pany’s O ffice, Lond
$2,544,000
£1,330,000
£ 2 0 0 ,0 0 0
$2 , 0 0 0 , 0 0 0
£4.007,381
£719,000
£630,000
£904,533
5 g
5 g
(6 ) 4
6
5
4 g
5 g
4
■T
A
D June 1 1934
,T
J
A
A
A
A
A
D
D
J
A
J
J A J Jan 1 1937
J A D15 See text
J
F
•T
June 1913 3
Irredeemable
July 26 2882
Aug 1 1934
Irredeemable
London A 31 Pine St N Y
Baring Bros A Co, Lond
Can Pac office, London
Montreal and London
M orton, Rose, London
T oron to and London
London
do
$15,000,000, ar.d In A ug. 1911 from Yellowhead Pass to K am loops, 250 m«
V .9 2 . P . 1309; V. 93, p. 526. Controlled b y Can. N or. R y. interests.
Stock authorized, $25,000,000, o f which $10,000,000 m ay bo p ref.;
par, $100. First m ortgage deb. stock will bo issued under A ct o f 1910
at $35,000 p. m . (limited to $21,000,000, or £4,315,068, unless the road Is
extended Into city of K am loops), guar, b y British G ovt., tho Canadian
Northern R y . to Indemnify the G ovt, against any loss It m ay Incur b y the
guaranty: also an additional 195 miles authorized In 1912. Mortgage trus
tees, National Trust Co. of T oronto and British Empire Trust C o.; V . 93,
p. 1461: V. 94, p. 1565; V . 91, p. 37, 93; V . 90, p. 696; V . 89, p . 1141. In
M arch 1913 a bill was introduced to guarantee an additional $10,000,000
bonds for terminals and a branch line from Port M ann to a point near S tevenston on the Fraser R iver. V . 96, p. 651.— '(V . 9® , p. 651.)
CANADIAN NORTHERN QUEBEC RY. — (See M ap Canadian N or.
Ry.)— Owns Quebec to M ontreal, 176 miles; Joliette to H akwosbury, 67 m .;
Lorette Jet. to Transcontinental J et., 5.3 m .; H edleyville Jet. to M on t
m orency R iver, 7.22 m .; branches, Garneau Jet. to Riviere a Pierre, 40 m .;
Shawinlgan Jet. to Shawinigan, 3.41 m .; St. Jacques Jet. to R aw don,
15.88 m .; St. Jerom e Jet. to H ubcrdeau, 45.28 in.; total, 360.05 miles. Also
operates 58.65 m .,O tta w a to H awkesbury, o f Can. N or. Ont. R y. See
V . 95, p. 1402.
Owns elevator, car shops, A c., at Quebeo. Form ed In 1906 b y the amalga
m ation o f the Great Northern R y . of Canada, &o. Controlled b y the same
Interests as the Canadian Northern R y .
Capital stock, $9,500,000 com m on and $3,000,000 statutory 5 % Income
stock; outstanding June 30 1912, $9,550,000.
V . 95, p. 1471; V. 96, p. 201.
S E C U R IT IE S .— On O ct. 22 1906 an Issue of 4 % perpetual debenture
stock, guaranteed b y the Canadian Northern R y ., was authorized to an
am ount sufficient to take up the bonds of constituent com panies, to meet
cost o f 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 o f the trustees for the stockholders, to provide for the
purchase of the stocks and securities to an amount not exceeding the cost.
In October 1906 £1,000,000 of this stock was Issued to take up the
entire bond Issues of the Chateaugay & Northern R y . and the Quebeo New
Brunswick & N ova Scotia R y . and $1,514,500 bonds of the Great Northern
R ailway Co. o f Canada, and since that date £38,555 of stock to take up an
additional am ount of Great Northern R y . Co. of Canada 4% bonds. In
terest payable June 30 and Dec. 31. T otal amount outstanding, £1,0 38 ,85o; secured b y specific first m tge. upon any securities acquired as above
and deposited with the trustees and b y first general lien upon entire property
of com pany (other than land and m oney subsidies), subject only to the bond
Issues of the amalgamated cos., which bonds will be retired as soon as a llot
each series have been exchanged for this Issue. V .83,p.968; V .84,p.693, 748.
There arc $3,505,000 4 % bonds of the Great Northern R y. of Canada,
guar, as to prln. and Int. by Canadian Northern R y .
The Central Trust
Co. of New York holds $6,500 bonds for exchange for the unexchangcd bal
ance of Great Northern R y . of Canada first Issue of 5% bonds.
D IR E C T O R S .— D. B . H anna, Z. A . Lash, Frederlo NIcholls, W . H .
Moore and F. C. Annesley, all of T oron to, Ont.; II. II. Melville, Boston,
Mass.: H on. F . H . Phlppen, Toronto; H on. Jules Tcssler, Senator, of Que
bec, P .Q .; Thom as M cDougall, M ayor of Quebeo; A . J. Mitchell, T oron to,
O nt., and R . M. Horne-Payne, London, Eng. Pres., D . B . Hanna; V .-P .,
H . H . Melville; 2d V .-P ., Frederlo NIcholls; Seo., W . H . M oore, all of
T o ro n to , O nt. (V . 84, p. 693, 748; V . 95, p . 1402, 1471; V . 96, p . 201.)
CANADIAN PACIFIC RY. — R O A D .— Owns a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1 1912:
Montreal to V an couver________2,903 Under construction July 1 1912.1,243
Branches and auxiliaries______ 3,322 Operated account of owners___ 319
Leased lines____________________4,664
Also controlled but oper. sep.—
Used Jointly____________________
94 aMInn. St. P. & Sault Ste. M ..3,7 7 3
aDuluth South Shore & A tlantic 623
Total In traffic returns......... 10,983
aSce each com pany’s statement.
In Jan. 1909 control of Wisconsin Cent, was purchased by Minn. St. Paul
A Sault Ste. Marie. V . 8 8 , p. 157. New Chicago terminals, see Minn.
St. P. & S. S. M ., V . 93, p. 1385, 1461. In M ch. 1912 contract was let for
new Lake Shore line between Montreal and T oron to, about 185 miles, to
take about 2 years to build and cost about $12,000,000. V. 94, n. 1185.
In A ug. 1910 Canadian Pacific Interests purchased practically all the stock
o f Dominion A tlantic R y ., Yarm outh to Truro, with branches, total 247
miles, with 45 miles trackage to H alifax, possession being taken April 1911,
and road is leased for 999 years from Jan. 1 1912. V . 91, p. 728; V . 90, p.
1490, 1424: V . 93, p. 1461; V . 94, p. 278. In 1911 acquired nearly all tne
m inority stock of the Alberta R y. A Irrigation Co. at $150 per share, the
road being leased on a guaranty of Interest on debenture stock and 6 % on
com m on stock; the stockholders on May 27 1912 authorlzeda m ortgage.
See V . 92. p. 955; V . 93. p. 593; V. 94. p . 1316; V . 95, p. 617. Control of
Alberta Central R y . was acquired In Feb. 1912: tho stockholders on June 4
1912 authorized the lease of the rOad to tho Can. P a c., also a m ortgage.
V . 94, p. 349, 1316.
The Can. P ac. leases for 999 years from Dec. 31 1912 Quebec Central R y .,
Sherbrooke to Harlake, Que., 137)4 miles; Beauce Jet. to St. George, 24 m .,
and Trulg to Megantlc, 59 m .; total, 221 m ., with 5 m. trackage. The
rental will provide for ( 1 ) interest on $2,943,540 4 % debenture stock: (2)
3 )4 % interest on $1,644,933 3 % debenture stock (which was converted
Into new 50-year 3 )4 % debenture stock (prln. guaranteed by lessee): (3)
5 % on $1,644,933 7 % Income bonds (was converted Into new 50-year 5%
bonds), payable half-yearly, 1 0 % cash bonus being given to the converting
bondholders and principal guaranteed by lessee; (4 ) 4 % on the $3,381,603
capital stock for first 4 years and 5 % thereafter. V . 93, p. 667, 1106;
V . 94, p . 1625; V . 96, p. 361. 715.
H IS T O R Y , E TC.— Incorporated Feb. 17 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
Pacific steamship lines; also steamers to Alaska.
ST O C K .— The Issue of preferred must never exceed one-half the com m on.
Stockholders voted O ct. 7 1908 to Increase auth. com . stock from $150,
000,000 to $200,000,000. $30,000,000 new 3 tock being issued In 1910 at 12o.
June, 1913.J
R A IL R O A D C O M P A N IE S
fFor abbreviations, & c., see notes on first page]
Canadian Pacific— (Concluded)—
New Brunswick Southern first m ortgage....... ............
Calgary & Edm onton deb stock gold Interest as rent
Branch line bonds $1,040,000 (owned b y CanPac)
Alberta R y & Irrigation Co 5% non-cum red, Intguai
Lindsay B obcayg & Pontypool 1st M $700,000 gold
Quebec Central stock dividend gu aran teed ..
1 st M deb stk int gu red 1 1 0 after 2 0 y r s . .
2d M deb stock prin and int guar------------3d M bonds prin and int guaranteed---------Minn St P & Sault Ste Marie and Duluth South Shor
C ap e Q ira r N or— lstM $ 2 ,500,600 g red 1023"S--SSt
Carolina Central— Bonds— See Seaboard Air Line Ry
Caro Clinchf & Ohio— Lick Crk & L E 1st M assumed
1st M $15,000,000 red 110...................................... F.o'
Mortgage gold notes $5,000,000 redeem p a r.E q .xo*
do
do
$5,500,000 ---------------------------------
Miles Date
Road Bonds
Par
Value
84
1890
52 1905
$1,666
"40 1903
1.000
14 1909
116 1913
Amount
Outstanding
Rate
%
$500,000
£1,121.700
$1,040,000
3
4 g
4
1,644,933
1,644,933
300.000
500 &c
— See sta tements of
1,500,000
1,000
Stockholders were In Feb. 1912 allowed to subscribe for $18,000,000 stock
at 150, payable In 5 equal Installments, on Feb. 13, April 12, June 14, A ug.
16 and O ct. 18 1912.
C om m on stockholders were in Feb. 1913 offered the right to subscribe for
560,000,000 now stock at 175, payable in 5 equal installments on Feb. 13.
April 14, Juno 16. Aug. 18 and O ct. 20 1913, the proceeds to bo used to rotiro tho $34,998,633 1st M . 5% sterling bonds maturing July 1 1915 and for
a d d ’ns and impts. It will share in dividends for quarter ending D ec. 31 13
and make $260,000,000 outstanding. V. 95, p. 889, 1402; V . 96, p. 1421.
D IV S .since 19011 '02. '03. '04-'06. ’07-’09. '10. ’ l l . ’ 12.
1913.
Railroad earnings! 5 5 H 6 yrly. 6 yrly. OH 7
7 l M .l H .1 2 - i .______
1 yrly. 1
2M
3
M. H . H Land sales,Int., &cj . .
..
Extra divs. at 3 % yearly (M o f 1% quar.) are paid from tho int. onl anu
sales and extraneous assets, making yearly rate 1 0 % . V . 92, p. 117, 955.
BO N D S, D E B E N T U R E STO C K , G U A R A N T E E D B ON DS. E T C .—
List of securities held against consolidated debenture stock In V . 95, p. 552.
In 1911-12 £2,252,516 4 % con sol. d eb. stock was sold, of which £1,481,592
was used to construct branch lines, £300,000 to acquire steamships for
Pacific coast service and £465,924 to acquire bonds of other roads the In
terest on which has been guaranteed. Stockholders on O ct. 2 1912 auth.
the Issue of £1,232,500 consolidated debenture stock to acquire the out
standing securities of Dominion A tlantic R y ., of £6,000 per m . to build
187 m. of branches and £5,000 per m. for 125 miles, and the leases of Kings
ton & Pem broke R y ., Alberta Central R y ., S t. M ary’s & Western R y . and
New Brunswick Coal & R y . V . 95, p. 889, 1037.
In M a y 1913 tho com pany offered to purchase at £102 per £100 bond,
cx tho coupons duo July 1, from any o f the holders, tho outstanding 1st M .
5 % sterling debentures duo July 1 1913 ($34,998,633 in am ou nt). V. 96,
1 In June 1890 com pany agreed to guarantee the principal and Interest of
$20,000,000 4% bonds to be Issued by the Dul. S o. Sh. & A tl.; also 4% Int.
on consolidated bonds of the Minn. St. P. & 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 1912.
Owns Dul. S. S. & A tl. consols. $15,107,000.
St. Lawrence & Ottawa bonds are endorsed with the Canadian Pacific's ac
ceptance o f a 999-year lease at a rental sufficient to pay 4 % Int. on bonds,
and the bondholders’ agreement to accept Int. at 4 % (Instead of 6 % ) and to
refrain from demanding principal (due 1910) during lease. V . 90, p. 1361.
The New Brunswick Railway consolidated debenture stock has interest
guaranteed b y Canadian Pacific; Interest on the 1st m tge. bonds, though
not guaranteed. Is paid out of rental under 9 9 9 -year lease of 1890.
The Calgary
Edmonton Ry. debenture stock Is guaranteed Interest at
4% under new lease of 1903. V . 76. p. 435; V . 77. p. 636.
,
The Lindsay Bobcaygeon & Pontypool R y. bonds are Issued under a 99year lease covering the Interest. V . 77. p. 1225; V . 79. p. 2085.
The Interest on the A roostook Valley (Electric) R R . 20-year 4>4% bonds,
which has com pleted a first unit of 14 miles from Presque Isle to W ashburn.
Me., Is guaranteed; an extension from W ashburn, M e., west 80 miles, was re
ported as let In July 1911. V . 89. p. 846; V. 90, p. 107; V . 92, p. 259.
Car trusts outstanding June 30 1912. $1,040,000.
L A N D S .— Lands unsold June 30 1912 were 6.465,242 acres of Canadian
Pacific grant and 94,992 acres of M anitoba South W estern grant, 100,347
Great N orth-W est Central grant, 3,116.924 British Columbia Southern,
31,645 acres of Columbia and Kootenay grant and 1,247,379 acres of
Columbia & Western grant; total, 11,056,529 acres. Total sales In 1911-12,
669.639 acres, for$10.710,143. All land grant bonds were redeemed In 1906.
G E N E R A L FIN AN C ES.— In Feb. 1913 stockholders subscribed for
$60,000,000 new com . stock at 150. V . 95, p. 889, 1402; V . 93, p. 1667.
In 1911-12 ordered equipment costing $25,75O,()0O.. V . 95, p. 550.
E A R N IN G S .— 10 m os.,/1 9 1 2 -1 3 -.G ross, $115,816,287; net, $39,114,089
July 1 to A pr. 30.
\1912-12__Gross, 100,647,720; net, 35,771,123
A N N U A L R E P O R T .— Fiscal year ends Juno 30. Annual meeting Is
held at Montreal on the first W ednesday In October. The report for 1911-12
at length was In V. 95, p. 541, 550. Annual meeting, V . 95, p. 1037.
1911-12.
1910-11.
1909-10.
Miles operated end of year-----------------10,983
10,481
10,271
Passenger earnings___________________ $31,812,208 $28,165,556 $24,812,021
Freight ............................ ........................ 79 833,734 65.645,228 60,158,887
Mall, express and miscellaneous_____ 11,073,509 10,357,024 10,018,582
Total earnings
............................$123,319,541 104,167,808 $94,989,490
Net e a r n i n g s . ! . ....................................$34,398,243 $36,699,830 $33,839,956
Excess steamship earnings___________
1,104,448
1,118,350
909,235
$44,402,691 $37,818,180 $34,749,191
Fixed charges.......
.................. $10,524,937 $10,011,071
$9,916,941
For steamships, &c
- 1,125.000
1,080,000
980.000
Dividends on common"stock*" " 1 . . . (7) 12,600‘00<)(7) 12,600,00()(0i2) 10167179
Dividends on pref. stock (4 % ) ______
2,592,235
2,253,867
2,214,933
Balance, surplus..................................$17,560,519 $11,873,242 $11,470,138
•Also 1% extra yearly from special Income, viz.: H % April and
O ct. 1 In 1908-09 and 1909-10, 2 M % In 1910-11 and 3 % in 1911-12.— (V.
95, p. 889, 1037, 1331. 1 102, 1607; V. 96, p. 486, 715, 1421, 1488.)
C APE G IR A R D E A U N O R T H E R N R Y .— Owns from Thebes Bridge
to Farm ington, M o ., with branch from Saline Junction to Chester, total
116 miles. A consolidation o f tho Chester Perryvtllo & St. G cneviovo R y .,
C apo Girardeau & Chester R R ., C apo Girardeau & Thebes Bridgo Term inal
R y . and Salino Valley R I l., taken over Jan. 1 1913. C ontrolled b y J.
Hunter B yrd o f St. Louis and associates. V . 95, p. 1683; V . 96, p. 201.
A bou t $500,000 is to bo expended in Improvements. Incorporated
In Missouri In Jan. 1913. Stock authorized, $2,500,000; par, $100. O f tho
bonds ($2,500,000 a u th .), $1,000,000 are reserved for extensions and impts.
V. 96, p. 1555. Pres., J. II. Byrd; Sec. and Treas., A . It. Byrd Jr. Offico,
720 Bank o f Comm erco B ldg., St. Louis, M o .— (V . 96, p. 201, 1555.)
When
Payable
J3 &
J &
Last Dividend
and Maturity
&
Bk o f Montreal, T oron to
July 1 2002
July 15 1913 2%
Jan 1 1963
Jan 1 1963
Aug 11929
N Y and Augusta, Me
Feb 1 1928
St Louis, M o
Blair & Co. New Y ork
Jan 1 1933
do
do
June 1 1938
do
do
July 1 1919
do
do
May 1 1917
do
do
Dec ’ 13-Deo'18
do
do
Jan ’ 14-Jan ’20
do
do
Aug ’ 13-Aug ’22
Checks mailed
July 1 1953
do
do
J use 1 1957
J
J
.1
M
J
J
F
J
J
&
&
&
&
&
&
&
&
&
J
D
J
N
1)
J
A
J
D
J
M
A
F
&
&
&
&
J
&
,T July
N May
O Apr
A Aug
Aug
j July
J
&
F &
M &
J &
J
&
J
&
J
&
J
&
Places Where Interest and
Dividends are Payable
Jan 1 1933
J 2002
J 1955
J
J1?
J & J15
3H
,r & J15
5
4H g F & A
those co mpanles
5 g
F & A
J
500.000
4 g
3,381.603 See text J
200,000
5
8 1903
5 g
1,000 13,000,000
256 1908
2,000,000
5 g
1,000
1909
5.500.000
5 g
1912
1,430,000
5 g
i,66o
1908
650,000
1.000
5 g
1910
do
do
1,000,000
5 g
1,000
1912
do
do
1,700,000
5 g
1,000
1903
543.000
5
1,000
1907
C aldw ell* Northern 1st M.
N Y G & Ilud R iver It It.
135.000
4 g
1,000
1898
Catasauqua & Fogelsvillc— First m tge g o ld -.P e P .c *
3,200,000
5
50
98
Catawissa— Pref stock 5 % guar P & R R y (see text)
2,215,000
1,000
4 g
1898
103
First consol m ortgage $2,215,000 g o ld .........PeP.o*
39,000
5
1,000
16 1885
Catskill Mt’ n— 1st M ($2,000 not ext from 1905)-----238.000
100 Ac
6
1885
First Income b on d s........................................- - - - - - -
589,110 See text
30
34
Cayuga & Susquehanna— Stock 9% rental D L & W
go Ro ck Isla nd & Pac Iflo R y
ern
Central Branch— S e e M i s s o u r i P a c i f i c
15,000,000 6 in 1913
C e n tra l o f G e o r g ia R y— P r e f e r r e d s t o c k 6 % c u m . . .
7,000,000
5 g
1,666
312 1895
1st M $7,000,000 gold _____________ _________G.o*&r
1,000 18.500,000
5 g
Consolidated mortgage $18,500,000 gold
Ba.c*&r 1,493 1895
1,000,000
1,000
5 g
138 1895
Mobile DIv 1st M (Columbus to Andalusia) g ---Q .o *
840.000
5 g
1,000
1895
102
Macon & North DIv 1st M $840,000 gold — MBa.c
462,000
5 g
1,000
77 1901
Ocon Div 1st M Brewton to Dover $0.0 00 p m ..G .c *
168,000
5 g
500
21 1896
E atonton Branch first mtge not guaranteed r ' "
5 cur
413,000
1,000
65 1897
M id Qa & A tl Div 1st (consol) M $9,000 p m _.
23
RAILW AY STOCKS AND BONDS
J
A
N
J
J
D
D
J
1 1928
19 1913 2 H
1 1948
1 1915
11915
1913 4 h
Jan 1 1913
N ov 1 1945
N ov 1 1945
Jan 1 1946
Jan 1 1946
Deo 1 1945
June 1 1926
Jan 1 1947
Reading Terminal. Phlla
Com pany’ s O ffice, Phlla
do
do
Tan Nat Bk Catskill N Y
4.34% paid Sept '10
30 Pine Street New York
G u a ra n ty
do
do
do
do
T ru st C o
S a v a n n a h . Ga
G u a ra n ty T ru st
do
do
do
do
N Y
Co. N Y
C AROLIN A C LIN CH FIELD & OHIO R Y .— (.See M a p .)— Owns from
Dante. V a .,to S p a rta n b u rg ,S .C .,242 m . Dumps Creek Line, 16 m. E xtentlon under construction north from Dante, V a., to Elkhorn, K y, 35 miles,
to be com pleted by end o f 1913. V . 94. p. 1448. Connects at Bostic,
N. C ., with Seaboard Air Line R y ., with which close relations are main
tained and tidewater is reached. V . 8 8 , p . 944; V . 87, p . 670. Controlled
by the Cumberland Corp., which see beiow; also V 95, p. 113, 358. Financed
by leading New York bankers.
ST O C K .— Authorized, $40,000,000, o f which $15,000,000 Is 6 % pref. and
$25,000,000 co m .; outstanding, $25,000,000 com . and $12,000,000 pref.,
all owned by Cumberland C orp., except $2,000,000 pref. which Is deposited
with trustee of mortgage gold notes to provide for conversion of notes.
V . 94, p. 1625. In Feb. 1910 arranged with Southern R y . to send coal to
Charleston, S. C .. for'exp ort. V . 90. p . 558; V . 95, p . 359.
B O N D S .— First mtge. o f 1908, sec V . 8 6 , p. 667, 856; V . 8 8 , p. 944.
In July 1909 $5,000,000 10-year 5 % m tge. gold notes following in lien
the $10,000,000 first 5s of 1908 were sold. T hey are subject to call as a
whole or m ay be drawn In part b y lot. In July 1912 $3,000,000 o f the notes
were retired in a readjustment of the finances of the Cumberland Corp.
In Sept. 1912 the remaining $2,000,000 were given the privilege of conver
sion Into pref. stock of the railway at par. V . 89, p. 28o. In May 1912 sold
$5,500,000 5-year 1st M. 5 % notes to construct Dante to Elkhorn extension.
V . 95. p. 358, 418. 480.
R E P O R T .— Financial statement o f July 1 1912 in V . 95. p . 358. Gross,
$2,181,642; net after taxes, $1,098,550; other incom e, S331.329; in t.,
rentals, & c., $1,145,636; bal., sur., $284,243.
M ark W . Potter, Pres., 24 Broad S t., N . Y .— (V . 95, p . 358, 418, 480.)
C A R O L IN A & N O R T H W E S T E R N R Y .— Owns standard-gauge r o a d .
Chester, S. C ., to E dgem ont, N . C ., 133>$ miles.
In Mch. 1900 nearly all stock was acquired by a syndicate. Stock author
ized. $1,000,000 each of com . and 4 % non-cum . pref.; outstanding, July
1912, $854,250 com . and $550,000 pref. stock. O f the 50-year 1st gold 5s
due July 1 1953 (Standard Trust C o. of New Y ork, trustee), $1,500,000 were
used to retire all underlying bonds and $ 1 ,0 0 0 , 0 0 0 were applicable to exten
sions. new equipment, & c., o f which $200,000 (inch.$172,000 in treasury
July 1912) have been issued. Year 1911-12. gross, $420,617, net, $122,993 .
other Inc'omo, $3,748; in t., taxes, & c., $148,647; b a l., d e f.. $21,906. In
1910-11 (133H m iles), gross, $416,407; net incom e (including $6,679
“ other” ), $128,339; in t., taxes, & c., $138,993; b al., d e f., $10,654. Oper.
expenses include si6 ,2 3 5 for shops at Chester, S. C ., destroyed b y fire.
P res., W m . A . Barber, 165 B ’w ay, N . Y .— (V . 91, p . 870.)
C A R T H A G E W A T E R T O W N & S A C K E T S H A R B O R R R .— See N ew
Y ork Central & Hudson R iver R R .
CATASAU OU A & FO G ELSVILLE R R .— Catasauqua. P a., to R lttenhouse Gap. Pa., 30.9 m. Stock, $426,900 (par 525); $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 % ; 1909-10, 10% ; 1910-11, 1 0% ; 1911-12, 10% :
For year 1911-12, gross, S205.678; net incom e, $104,965; deductions, $28,
118; dividends, S42.690; surplus, $34,157.— (V . 81, p. 149.)
CATA W ISSA R R .— Owns from Tam anend, P a., to Newberry Jet., Pa.,
101 22 miles: second track, 39.83 miles; total, 215.51 miles. Re-leased
Deo 1 1896 for 999 years to Philadelphia & Reading Railway. Rental,
Int "on bonds. 5 % divs. on pref. stock, all taxes and $ 8 , 0 0 0 for org. exp.
See also V ? 63, P. 909, 1116" Of the pref. stocks $1 000.000 Is 2d pref.
C om m on, $1,159,500; par, $ 5 0 — (V. 72, p. 1187; V . 96, p. 1421.)
C A T S K IL L MOUNTAIN R Y .— Owns narrow-gauge road from Catskill.
up the Catskill Mountain, to Palenvllie, N. Y ., 16 m.r leaso? Cairo H R .,
Cairo Jet. to Cairo, N. Y ., 4 m .; 20 miles. Stock, $89,000. There are also
second incomes for $15,600, 6 % . First incomes have one vote for each $100.
D iv. on 1st Incomes. 5.8281% Sept. 1906. the first since 1901: 1907.
2.91042% ; 1908, less than 2 % ; 1909,alm ost 3 % ; 1 91 0 ,4 .3 4 % ; 1911-12,0.
E A R N IN G S .— Year ending Juno 30 1912, gross, $ 5 9 ,4 8 8 ; net incom e.
$7,197; interest, & c „ $10,694; balance, d eficit, S3.497 — (V . 83, p . 817.)
CAYU GA & SUSQUEHANNA R R .— Owns from Susquehanna River to
Ithaca, N. Y ., 34 m. Leased during length of charter and renewals thereof
to the Delaware Lack. & W estern at a rental of $54,600 a year. Divs. paid
are 9 % yearly, with an occasional extra am ount; In 1904 9 M % was paid.
CEN TRAL OF GEORGIA R Y .— System Includes:
Lines leased (see these cos.) M iles.
M iles.
Lines owned in fee—
Savannah to A tlanta--------------- 295 Southwestern R R .—
Macon to Eufaula----------------- 144
86
Gordon to Porterdale.
Fort Valley to P erry................
12
Columbus to Birmingham, A la . 156
Fort Valley to Columbus__________ 71
Columbus to Am erlcus-------------62
Smlthville to Colum bia_____
85
M ontgom ery to Eufaula, Ala__
Cuthbert to F ort Gaines____
21
Columbus to Greenville, Ga—
36 Augusta & Savannah R R .—
Opelika to R oan oke----------------Mlllen to A ugusta___________
53
Eufaula to O zark--------------------60
Griffin. Ga., to Chat.. T en n .,& c. 198 Chattahoochee & Gulf R R .—
Columbia to L ockh art______
91
Chlckamauga to Durham-------18
2
S a v a n n a h to T y b ce ------------------18 T r a c k a g e ______________________
Columbus to Andalusia------------ 138
T otal oper. July 1912---------- 1.915
Macon Junction to Athens------ 102
Brewton to D over--------------------77
B a r n c s v l l l e t o T h o m a s t o n -------16 Also Meldrim to L yons, 58 miles
(leased to .Seaboard Air L in e).
Lyerly B ranch............- .................
9
Upper Cahaba Branch-------------12 Ocean SS. C o., est. equiv. o f ____ 300
G r e e n v i l l e to R aym ond ..............
24 Controls W rlghtsvllle & Tennille and
W adley Southern R y .
•
Total owned (and o p e r.)------ 1.436'
O R G A N IZ A T IO N .— Succeeded N ov. 1 1895 the Central R R . & Banking
Co. of Georgia, foreclosed. V . 60. p. 1008; V . 61. n. 6 8 .
In June 1909 the $5,000,000 stock was acquired by the Illinois Central,
but the road Is operated Independently. V . 8 8 , p. 1559; V . 84, p. 1550;
V. 85, p. 10S2, 1268; V . 8 6 . p. 667.
.........................................................•
24
RAILW AY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviation*. A c ., see notes on first page]
M iles Date
Road Bonds
Central o f Ga R y— (Concluded) —
Chattanooga DIv purch m oney M 52,400,000 g G o
164 1901
Chattanooga R om e & So 1st M 5500,000 g G n'o
138 1897
Upper Cahaba m ortgage gold redeem 102 U
N
12 1905
Greenville & New 1st M gold redeem 102 54____ I I n
24 1905
Gen & ref M $80,000,000 auth g red toxtUsm xc*&r*
1912
1st pref Incomes') Interest up to 5% f ___________ Mn
1895
• 2d
do
do ) gold If earned 1 ___ I I I " ! ' " Ce
1895
■ 3d
do
d o J non-cum ulatlve (,_____’ " " l 5 a
1895
Central R R & Bk coll tr bonds gold red at 110 Ce c*
1887
• E quipm ent trust series H 551,000 s-a (V 82. d 217)
1906
• Equip trust series I 5115,000 s-a (V 83, p 751) . . . G P
1906
•
do
do
series K 538,000 semi-annually _
1907
„
Guaranteed & c.. Securities
Ocean SS Co first m ortgage gold guaranteed__Ce.o
1890
• Augusta & Savannah stock (no bonded debt)
53
Southwestern Railroad stock (no bonded debt)
333
Chattahoochee & Gulf stock .................... .................
•
^ gold 52,000,000 Int rental s f red at 1 0 2
"91 1900
Cent Indiana—-1st M 54,000,000 gu p & 1 end_Ce.o*&r
117 1903
New England— Dut Co R R flrst M g gu ar. Ba.o*
12 1890
C N E 1st M$2o,000,000g gu red l0 5b eg’21.F xo*& r
149 1911
Central Ohio— See Baltimore & Ohio
Central Ontario R y— 1st M (see Can Nor Ontario R y ) .
1909
Central Pacific— 1st ref M g gu p & 1 e n d ..C e .c* & r 1.349 1899
3 )4 s 525,000,000 gold guar p & 1 end_____ U s.c*& r 1.349 1899
Lucln cut-off 1st M 510,000,000 gu (text) . . a . c ’ &r*
103 1904
Bonds 250,000,000 francs guaranteed red p a r___Us
1911
Nevada & Cal, &c, 1st M assum ed________________
479 1911
Oregon & Eastern flrst mtge a ss u m e d --....................
86 1912
Other bonds— see text
Central RR of Haiti— 1st M U S gold (see text) .G .c*
1909
2d AI
do
d o ____________________________ Go*
11909
Central RR of N J— Stock (530,000,000 a u th o riz e d )..
All
( Central R R of N J gen M 550.000,000 g o ld ____Ce.rc
1887
_
do
do
registered_________________
All
1887
L & W B con M 520,000,000 serial g guar__PeP.o*
1910
A m Dock & Im p Go 1st M guar redeem at 110____ c*
1881
b Includes 51.167,000 In treasury July 1912.
Par
Value
Rentals and miscellaneous_____
Betterm ents (Including reserve).
52.057.000
4 g
343.000
« *
360.000
4 g
3(50,000
4 g
1,000,000 „
5 g
1,000
See text
1,000 j- See text. See text
1 ,0 0 0
See te x t
1 ,0 0 0
4.840.000
5 g
1 ,0 0 0
306.000
4 « g
1,000
455.000
4H g
1,000
304.000
5 g
1,000
100
100
100
1,000
1,000
1,000
1 . 0 0 0 &c
When
Payable
J &
J
&
P &
M &
A &
Oct
Oct
Oct
M &
M
&
1,000,000
5 g
1,022.900
5
6.191.100
5
436,400
5
299.000
5 g
1.500.000
4 g
350.000 4M (6) g
Seo text.
4 g
£100
£200,000
500 &c 99.673.000
500 &c 12.401,500
1.000
9.640.000
500 tr
48,262,548
8.500.000
5,000,000
5
4 g
3M f
4 g
4
M
6
M
6
&
&
&
&
&
&
&
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
June 11951
Guaranty Trust Co, N Y
July 1 1947
Union Trust Co, New Y k
A ug ’ 13-Aug ’25 Guaranty Trust Co, N Y
S ept'13-S ep ’25
do
do
O ct 1 1962
N ov 11945
Guar Tr Co,N Y or~Savan
N ov 11945
do
do
N ov 11945
do
do
May 1 1937
Guaranty Trust Co, N Y
T o Feb 1916
Blair <Jc Co, New York
T o July 1916
Kountze Bros. New York
T o Mch 1 1917
do
do
July 1 1920
July 1913 2
July 1913 2
July 1913 2M
July 1 1930
May 1 1953
June 1 1940
Jan 1 1961
Guaranty Trust Co, N Y
Savannah, Ga
Savannah and Macon
Savannah, Ga
Citizens’ B k, Savannah, Ga
Central Trust Co, N Y
Fid I T & S D Co. Phila
Lincoln N at B k, N Y
1934
Aug
Aug
O ct
Mch
N ov
Jan
Bank of Montreal, Lond
165 B roadw ay,N ew Y ork
do
do
do
do
London, Paris, Belg, &o
Owned b y South Pao Co
do
do
11949
1 1929
1 1954
1 1946
11941
1942
1,000
800.000
6 g
A D June 1 1919
1,000
200,000
6 g
& D June 1 1919
100 27,436,800 See text Q— P
A ug 1 1913 2%
1.0001 b45,091,000
5 g
& J July 1 1987
500 & o/
Q— J
5 g
July 1 1987
1,000 16.996.000
J & D June 1 1915-’50
1,000
4.987.000
i g J & J July 1 1921
. S4.008.891
. 53,451,977
.
707,360
53.887,695
53,405,426
768,874
$3,577,840
53,106,998
730,182
. 54,159,337
. $1,900,196
.
592,948
54,174,300
$1,927,956
523,604
1,147,307
53,837.180
$1,959,556
558,285
1,318.123
Balance
......... ....................... sur.51,666,193sur.S575,433
sur, 51.216
Dividends of 5% each paid on three classes of remaining income bond
out, 521,587. Total surp. June 30 1912 after paym ent of same, 51,798,883
O F F IC E R S .— Pres., Charles H . M arkham , C hicago, 111. General o f
flee. Savannah, G a .— (V . 95, p . 889, 967, 1037, 1122, 1683.)
CENTRAL INDIANA RY. — Munclc to Brazil, In d ., 127 miles, of which
10 m . trackage. V . 76, p .6 5 3 . Controlled by Clev. Cln. Chic. & St. Louis
and Penn. R R . Interests. Bonds, guaranteed by Clev. Cin. Chic. & St L ..
are limited to 520,000 per mile; outstanding, 51,500.000. V. 77. d . 517.
2279; V . 78, p. 1906, 1961. Stock auth., 5120,000. Calendar year 1912,
gross, $185,164; def. under oper. exp., $31,245; other Inc., $268; chges., $78,
271; bal., d e f., $109,247. Pres., Joseph R obinson.—-(V. 78, p. 1906, 1961.)
CENTRAL NEW ENGLAND RY. — Owns from Campbell Hall, crossing
the Hudson River at Poughkeepsie by Its own bridge, to Sllvernalls, 43 m .;
Poughkeepsie, N . Y ., to H opewell, 12 m .; Dutchess Jet., N . Y ., to State
l ? ,? ’ ®9 m " Poughkeepsie, N. Y ., to Boston Corners, 35 m .; total owned,
149 m .; and leases and controls Hartford & Conn. W estern R R ., Hartford
to Rblnecllff, 110 m .; Tartffvllle, Conn., to Agawam Jet., Mass., 14 m .;
W lcopee Jet., N . Y ., to FIshkIll Landing, N . Y ., 2 m .; Agawam Jot. to
Springfield, Mass., 3 m .; trackage over New England R R ., Danbury, Conn.,
to Hopewell Jet., N . Y ., 34.6 m ., and W lcopee, June., to FIshkIll Land
ing, 1 .65 m .; total, 314 miles. V . 89, p. 918; V . 95, p . 418.
• O R G A N I Z A T I O N .-O n June 30 1912 the N . Y . N . H . & H . R R . owned
, 3 ’7 ^ 4 l )0 Pref- and 54,772,000 com . stock. V . 85. p. 404, 858; V . 89,
P.I469; V. 90, p. 1238. 1296, 1489; V . 91, p. 153, 396, 870.
• S T U C K .— Comm on, 54,800,000; pref., 4 % , 53.750,000; par, 5100.
. ® O jNDS.——T he 1st guaranteed 5s of 1911 (525,000,000 auth. Issue) are a
l'37 m *lcs of road and the Poughkeepsie Bridge. Of the bonds
511,J67,000 were sold to retire outstanding bonds and notes, the remainder,
except 5350,000 reserved for Dutchess Co. bonds, being set aside for not
exceeding 7 o % of the cost of extensions, additions and Im provem ents.
In Jan. 1913 application was made to issue $2,429,000 for double-tracking
and im pts. V . 92, p. 1374, 1635; V . 94. p . 206; V . 96, p. 134. Dividend
o » , ‘ ncom es. 4 % ; for fiscal year 1908-09, paid O ct. 1 1909; O ct. 1910 and
1911, 5 % . V. 93, p. bb6.
E A R N IN G S .— 40 m os.,(1 9 1 2 -1 3 ..G ross, $3,104,781; net, $1,485,029
July 1 to April 30. 11 9 1 1 -1 2 ..Gross, 2,914,826; net, 1,463,703
12 M os.end . June 30. Gross.
N et.
Other I n c. Charges.
Balance.
1911-12.................... $3,468,626 $1,584,044 539,324 5809,682
5813,685
1910-11.................... 3,218,255 1,157,370
57,435 858,453
356,352
a 0 F F 1r9E R S ~ c - s * MellenTof N ow .IIaven, Pres.; A . S. M ay, Treas.. and
Arthur E . C lark, S ec.— (V . 94, p.,10t>6 ;V .!95, p . 418. 968; V. 96. p. 134.)
Rate
%
51,000
1,000
1,000
1,000
1 . 0 0 0 &c
S T O C K .— On June 3 1012 515,000,000 pref. stock was authorized, the
Stock being offered to the "present shareholders”
(the 111. Cent.)
at par, primarily to purchase and retire the Income bonds (514,461.000
acquired b y the 111. Cent, and such of the remainder of the $15,000,000
bonds as m ay be presented. V . 94, p. 1316, 1565; V . 95, p. 1037. D iv . on
pref., 3 % Jan. 1913.
B O N D S .— The first mortgage of 1895 (described In V . 63, p . 1160) Is a
'irst lien on the main line from Atlanta to Savannah, Including the Mllledgevllle branch (312 m . In a ll), all equipment and appurtenances, and the eauitu
In 51,995.000 stock of Ocean SS. Co. V . 84. p. 529. 605: V . 87, p. 550
A pplication for listing firsts and consols In V . 63, p. 1160.
The consol, mtge. (see abstract V . 61, p. 873; also V . 63, p. 1160; V . 83, p.
1347) Is a first lien upon 600 m. (Including form er M ont. & Eufaula R R .
S av. & W estern and S av. & A tl.); also on the leases of the South Western
and Augusta & Savannah roads and the stock of New England & Savannah
Steamship C o., and a second lien upon the main line. Its equipment, &o., and
also on the Macon & Northern, Mobile & Girard, and other divisions. It
also covers all leaseholds, securities, &o. V . 85, p. 605; V . 89, p. 777.
Collateral trust mortgage abstract was In V . 45, p. 242.
The Chattanooga Division- mortgage covers the form er Chattanooga
R om e & Southern R R ., Carrollton, Ga.. to Chattanooga, T enn., 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 am ount of bonds Is
reserved. V. 72, p. 1134: V . 78. p. 1446.
Upper Cahaba Branch bonds are secured b y coal lands In Northern Ala
bam a, also b y road Henry Ellen to Margaret, A la. V . 81, p. 920, 1099.
O f the general and refunding bonds o f 1913 ($80,000,000 auth. issue), with
m t -n o t to exceed 5 % , $5,000,000 series A wero Issuable at once (of which
*1,000,000 has been sold), $32,014,000 reserved to rotiro old bonds $ for$,
and the remaining $42,986,000 for acquisitions, extensions, &c. Series A
bonds aro redeem able as a wholo only at 1 1 0 on 90 d ays’ notice, the remain
ing bonds, if m ade redeem able, at such prices as m ay bo fixed. V. 9 5 , p.
110, 889, 1037.
INCOM E B O N D S.— In A p r 1912 2.179% (the remainder of the full 5%
on the 2d Incomes) and 5 % on the 3d incomes was paid for the fiscal year
1908. V . 94, p. 1056. The 111. Cent. R R . has purchased, under Its offer
of Dec. 1911, 514,461,000 of the 515,000,000 of the three classes of
bonds at 95, 9243 and 90, respectively. See preferred stock above.
L A T E S T E A R N IN G S .— (1912-13,-G ross, .$11,955,280; net, $3,267,666
10 m os., July 1 to April 3 0 .U 9 1 1 -l2 -.G ro s s , 11,987,280; net, 3,573,260
R E P O R T .— For 1911-12 at length in V. 95, p. 1037.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Operat ng revenues..................................513,032,153 512.907,788 512.052,736
9,020,093
8,474,910
Operating expenses.................................. 9,923,262
Net operating revenues_____
Operating Income (after tax es).
Other incom e__________________
Am ount
Outstanding
[Vol. xevi.
Co’s office, 25 Broad St
do
do
Office 143 Liberty St,N Y
Liberty Nat Bank, N Y
Check from Treas. Offloe
Liberty Nat Bank, N Y
do
do
c e n t r a l pacific r y .
(See M ap o f Southern P acific.)
Lines Owned—
M iles.
M iles.
San Francisco, Cal., to near
W eed, C al., to C hiloquin_____ 113
. 0 ^ den- U tah............................. 871 T onopah J et., N o v ., to Keeler,
Lathrop, Cal., to Goshen, C al. 146
N ev. (narrow gauge)________ 151
Roseville Junction, Cal., to Ore
M oja vo to O w onjo, C a l________ 143
gon State line_____________
297 Branches, & c__________________
70
Umbria to Cecil. .
103
Leased, & c.—
San Jose to Brighton, C a 'lIIIII 122 Into Ogden, &o. (trackage)_________12
M ou nd House to T onopah Jet.,
136
N o v -------------T otal June 30 1912_________ 2,162
291912
On Feb. 29
1912 purchased from Southern Pac. Co. the Central California
R y . Co. Niles to R edw ood City, Cal., 16.24 m .; Fernlcy & Lassen R y .,
projected. Fernley, N e v., to Lassen, C al., 135 miles; C hico & N orthern R R .,
C hico to Stirling C ity , C al., 31 m .; M o d o c Northern R y ., projected Alturas
C al., to Klam ath Falls, Ore., 100 m .; N evada & California, Hazen, N ov '
to M ojave, C al., 474 m .; Sacramento Southern R R ., Sacramento to W alnut
G rove, C al., 24 m .; Goose Lake & Sou. R y ., projected Oregon lino at G oose
Lake to Anderson, C al., 227 m .; and Vina to Alturas, C al., 179 m .; Oregon
East. R y ., W eed, C al., north 113 m . and 125 m . extension projected, and
N atron, O re., south 34 m. with 40 m . projected. V . 94, p. 1118, 982;
V . 96, p. 560.
O R G A N IZ A T IO N .— Incorp. In Utah in July '99, per plan in V .68,p.378.
S T O C K .— T he Southern P acific C o. owned the entire $67,275,500 co m 517.400,000 pref. All tho aforesaid stock is held as collateral for
tho $34,218,500 coll, trust 4s o f the Southern P ac. C o . V . 96, p. 419.
D IV ID E N D S .— On pref., 4 % yearly to 1912, Inclusive, and late In 1912
an extra paym ent to adjust the average yearly rate to tho sam e as com m on
since paym ents wero begun on latter. On com m on. In 1906-07, 6 % ; in
1907-08, 6 % ; 1908-09. 6 % ; 1909-10, 6 % ; 1910-11, 10% ; 1911-12, 6 % .
B O N D S .— First refunding mtge. gold 4s, 5100,000,000. V . 69, p. 808,
and V . 70, p. 739; V . 78, p. 228; V . 87, p. 225, 285, 479; V . 8 8 , p. 52.
Thirty-year gold 3 43s. 525,000,000, secured b y a second Hen upon all the
properties covered by the 1 st ref. mtge. and also by deposit with the trus
tees, as acquired, of all securities and moneys held In any sinking fund of the
9?3orS l l >acl!!c R y-. consisting June301912 of 55,729,000 In securities and
5473,087 cash, and b y a trust deed upon all the lands covered b y m tg. dated
O ct. 1 1870. See Mortgage A bstract, V . 69. p. 858: also see p. 851. From
the proceeds of these sinking funds and land sales cancellations of bonds aro
made from time to time; to M a y 1 1911 512,598,500 had been canceled, re
ducing those outstanding to 512,401,500. V . 70, p. 739, 1194
The 4 % guar, bonds on the Lucln cut-off are redeemable at 107 43 on
any Int. day since O ct. 1909. V . 79, p. 1641. Guaranty, V . 80, p. 162.
In Feb. 1911 the sale was arranged In France of 250.000,000 francs 4%
35-year coll, trust bonds, guaranteed by the Southern Pacific Co (the latter
pledging as security for the guaranty part of Its Interest In affiliated com
panies, notably the Southern Pacific R R .), the proceeds to be used for
double-tracking & other Impts. V . 92, p. 593. 794; V . 94, p. 130, 1762.
The $8,500,000 outstanding Nevada & California 6 % bonds (515.000,000
auth. issue) were assumed on purchase Feb. 29 1912: also 53,000,000 Cen
tral California R y ., 51.000.000 Chico & Northern R R ., 52,500,000 Sacra
m ento Sou. R R . and $5,000,000 Oregon Eastern R y . V . 94, p. 982, 1118.
LA N D G R A N T .—-Total land grant was about 12,000,000 acres, of which
about 7,318,609 acres unsold June 30 1912. Sales in 1911-12, 176,667
acres. Land contracts July 1912, $1,064,478; avge. prlco per acre, $5 02.
R E P O R T .— Year ending June 30 1912, gross, $32,098,422; net, $13,222,
657; other Incomo, $1,666,165; int., taxes, sink, fd s., & c., $10,147,262; d iv .
on pref. stock (4 % ). $692,000: div. on com . stock (6 % ), $4,036,530; bal.,
sur., $13,030. In 1910-11, gross, $32,572,588; not, $13,239,621— (V . 94.
p. 1118, 1762; V . 96. p. 419.)
CENTRAL RR. OF HAITI.— See page 138.
CENTRAL RR. OF NEW JERSEY. — (See M ap Reading System .)— Oper
ates from Jersey City, opposite New York City, westerly to W ilkes-Barre
and Scranton, P a., and the neighboring anthracite coal fields; also southerly
to the seashore resorts of New Jersey and to the Delaware R iver.
Lines Owned in F ee—
M iles.
• See this com pany.
M iles.
Jersey City to Phllllpsburg______ 72 Ncsquehonlng Valley •__________ 17
Sundry branches__________________ 84 Lehigh & Susquehanna, Phllllps
Entire Stock Owned—
burg to Union Jet., &o------------ 171
New York & Long Branch R R .,
Wilkes-Barre & Scranton *-------- 5
Perth A m b oy to B ay H ead___38 Other lines_______________________
7
New Jersey Southern R R ., Long
Trackage—
Branch to Atslon. &o__________ 76 Union Coal R R ---------------------------- 10
Other lines (no d e b t)__________ 1 4 7 Allentown Term , (oper.Jointly) __ 3
Leased (Mostly fo r 999 Years) —
Other trackage-------------------------------23
Dover & R ockaw ay R R _________ 5
Ogden Mine R R * ____________
10
T otal operated July 1912.......... 669
There are 263 miles of 2d, 41 miles of 3d and 30 miles of 4 tracks.
H IS T O R Y .— Reorganized in 1887 without foreclosure— see plan V . 44. d .
714, 716. Concerning coal properties, see Lehigh & Wilkes-Barre Coal Co.
and Lehigh Coal & Navigation In “ M iscellaneous." In 1901 Heading C o .
acquired $14,504,000 stock. V. 72, p. 8 6 , 136, 241, 391. 721.
m v s . — 1 ’ 91. ’ 92 t o ’ 94. ’ 95. ’ 96. ’97. '98. ’ 99. ’00. '0 1 . 1 9 0 2 t o A u g ’ 13
Per c e n t ./ 6 4 3 7 yearly 5 H
5 4 44 4
4, 5
5
8 yearly (Q -F ).
Also special dividends of 2% In Deo. 1 9 0 9 andln .June and Deo. o f 1910,
J911 an<t 1912 and June 1913 from proceods o f 014% divs. oach on Lehigh
& Wilkosbarro Coal C o. stock owned. V. 89, I). 1410; V. 90, p. 1612.
D O o j . general mortgage abstract, see V . 45, p. 402.
I h o $20,000,000 Lehigh & Wilkes-Barre consol, serial 4s are guar. orln.
mature $2,500,000 every 5 years beginning Juno 1 1915;
$2,691,000 were reserved to retire the 5s due N ov. 1 1912. V. 90, p. 1296, 976
— For I® months ending Apr. 30:
19 Months—
Gross.
N et.
V” Charges, rB a l., Surp.
1 9 J 2 -1 3 ............................ $26,747,0855$ 11,623,854 $5,489,431 $6,134,423
19H -12 ........................... - 24,830,907
10,672,717 .. 5,545,924
5,126,793
June , 1913. J
25
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, & c., see notes on first page.]
M iles
Road
Date
Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
Central of New Jersey (ConcI)—
„
$1,000 $2,500,000 4 A 5 g M A S Sept 1 1941
38 1891
N Y & L Br gen M g lnt gu jointly (5192.000 5s)Ceo*
5 g J A ,TJuly 1 1920
1890
1,000 1,062,000
Lehigh A Hud Rlv gen M gold guar Jointly. ..Ce.o*
600,000
3
M A N May 1 1923
31 1893
500 &o
Central RR of Penn— 1st M 51,200.000 ext 1908..FP
300.000
6 g J So J July 1 1921
40 1881
1,000
Central RR of South Carolina— First mtge g o l d — c
See text
5
J & J July 1 1960
£ , fr.
Central Ry of Canada— 1st M red 105 aft July 13-----4
£97.500
M&S 14 1949
37 1909
£100
Central Counties 1st M (V 90, p 1169).....................150.000
6 g J & J Jan 1 1926
7 1906
600
Cent Ry of So Car— First M 5150,000 g gu red----- CP
Central Terminal RR— See Minneapolis St Paul & Saul t Ste Marie Ry
100 3.000.000 $2,185, 100 held by Grand Trun
Central Vermont— Stock 53.000,000.................. .........
4 g
May 1 1920
-First M 512,000.000 gold traffic guar---------AB.oAr All
Q!— I
1899 "500 &c 10.732.000
109.000
4M
G— M Sept 13-Mch ’ 15
Car trusts 515,000 or 516,000 due quarterly______
1,000
1905
(j — I
4H
19 no
80.000
Nov 1913-1916
Locomotive trusts 520.000 due yearly (V 83 p 751).
A
S
o
O Oct ’ 13-Apr ’ 17
108,000
4X
1,000
Car trusts 513,000 or 514,000 due semi-annually__
1907
F & A Aug ’ 13-Feb ’21
5
882,000
1,000
Eq tr notes due 549,000 each F & A (V 94. p 350).
1912
4 g A So O Oct 1 1950
200,000
Montreal & Province Line Ry 1st M guar p & 1___ c
100 Ac
40.6 1900
200,000
5 g M & N15 N ov’ 13-May ’ 21
1909
1,000
C V Trans eq bds g gu 512,000or 513,000 due s-a I$a
5 g M So N N ov ’ 13-May ’22
900,000
1912
1,000
do
do SerB due 550,000 semi-an guar__ Ba
—
Charleston & Savannah—See Atlantic Coast Line R R .
800,000
4 g J So J July 1 1953
1903 1,000 Ac
Charleston Terminal— FlrstM 51,000,000 gold.G.c* Ar
250,000
4 g J So J Jan 1 1937
1907 1,000 &c
Charleston Un Sta— 1st M5400.000 g gu(text).Eqo*Ar
5 g A So O Oct 1 1946
1,000 2,720,000
340 1896
Charleston & West Car— IstM g(58,000 p m) -Ce.c* Ar
5
Oct
Oct 1 1946
1896
1,000 2,380,000
Income mtge gold non-cum (57,000 per m lle )..a ,c*
A A O Apr 1 1947
600.000
6 e
1897
1.000
Augusta Terminal Ry 1st M gold guar p A 1end_.Ce
70.000
5 g A So o Oot 1 1932
18 1902
1.000
Charlotte Monroe & Columbia— 1st M 570,000 g .-.c *
Charlotte Columbia & Augusta— See Southern Ry
Chartiers— See PIttsb Cincinnati Chicago A St Louis
120,000 5 (6) g M So N Nov 11913
10 1893
1,000
Chat & Lake Placid—Sar A Lake Placid 1st M g.Ce.o*
50,000
6
.1 So J July 15 1916
8 1896
Chattahoochee Valley— C V R R first mortgage------- 1,000
J AJ15 July 15 1920
230,000
5
Consolidated mortgage 5280,000............ - ........... AB 24 H 1900
1907 1,000 Ac
4 g J & J Jan 1 1957
1.000.000
Chattanooga Stat— 1st M 51.000,000g gu(text)Eq.oAr
Cherryvale Oklahoma & Texas Ry— (See V 91 p 870)
1,000
1.000,000
34 1898
Chesapeake Beach— First mtge see V 81 P 974..N.0*
5 g J & J July 1 1923
100 62,792,600 5 In 1912 Q —M June 28 ’ 13 I X
Chesapeake & Ohio— Stock (5100,000.000 authorized)
600
&c
1882
142.000
10
6 g J & D June 11922
Terminal 1st M 1922 covering 8 m to Phoebus g ..o *
1,000 29,858,000
5 g M So N May 1 1939
697 1889
First consol mtge for 530.000,000 gold
Ce.o»&r
1,000 7.000,000
4 g J So .TJan 1 1989
242 1890
Rich A All Dlv 1st & 2d Ms (51.000,000 2ds).Ce,o*
1,000
650,000
5 g ,T A J July 1 1940
26 1890
Craig Valley Branch first mortgage gold.......... Ce.o*
1,000
400,000
5 g M A 8 Mch 11941
25 1891
Warm Springs Branch first; mortgage gold
Cc.c*
1,000 48.129.000
4 H g M A S Mch 1 1992
General mortgage (for 570.0001,000 Ao) gold.-.C e.o* 1,419 1892
1,000
539,000
4g
F A A Feb 1 1945
23 1905
Paint Creek Branch 1st M 5750,000 gold------- Ce.o*
EARNINGS.— For 6 months ending Dec. 31:
„ , _
6 Months —
Gross.
N et.
Charges.
Bal.,Surp.
1912
...........................$17,041,750 $7,922,828 $3,218,573 $4,704,255
7,193,862
3,178,804
4,015,058
1911 ....................... ........ 15.642,705
ANNUAL REPORT.— The report for 1911-12 was In V. 95, p. 812.
Earnings from—
1911-12.
1910-11.
1909-10.
Merchandise........................................ 510.853,479 510,377.927'
C o a l...................................................... 8,188,584
8,718,427 524,796,552
Passengers ........................................... 5,471,782 5,350,439
Mail, express, A c................................. 1,376,249 1,306,714.
Places Where Interest and
Dividends are Payable
Liberty Nat Bank, N Y
Irving Nat Ex Bk. N Y
Fidelity Trust Co. Phil*
Bankers Trust Co, N Y
Montreal, London &Paris
Bank of Montreal, Lond
Colonial Trust Co, PIttsb
k Ry ef Canada
American Trust Co, Bost
Blair & Co, New York
Royal Trust Co, Montreal
Office, Montreal, Canada
Blair & Co, New York
Amer L & Tr Co, Boston
Bankers Trust Co, N Y
do
do
Guaranty Trust Co, N Y
Equitable Trust Co, N Y
Central Trust Co, N Y
Guar Tr, N Y . if earned
Central Trust Co, N Y
Rich T A S D Co Rich, Va
32 Nassau St, New York
State Trust Co, Boston
Amer Trust Co, Boston
Equitable Trust Co. N Y
In default
Office, 71 Broadway, NY
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
other charges, $97,389: additions and improvements, $113,467: bal., sur.,
none. Pres., J. B. Cleveland, Spartanburg, S. C .; Sec., R. D . Cronly.
Petersburg, Va.— (V. 73. p. 1207.)
C H A R L O T T E M O N R O E & C O L U M B I A R R . — Owns McBee. S. C., ta
Jefferson, 18 miles. In Feb. 1913 W . R. Bonsai, Hamlet. N. C ., and
associates, secured control. Stock, $48,000; par, $100. Year ending
June 30 1911, gross, $16,683; net, $3,771: taxes, $790. Pres, was Loran A.
Kerr; Sec. & Treas., W. S. Blakenoy. Office, McBee, S. S.— (V.89,p.l346).
CH ATEAU G AY
&
LAK E
P L A C ID
R Y .—
(See M a p Del. A
Hudson.)—
Operates from Plattsburg. N. Y ., to Lake Placid, 80 miles, of which Plattsburg to Dannemora, 16 m.. Is leased at nominal rental from State of N. Y .
Total operating revenue......... .........525,890,094 525.753.507 524,796.552
Stock, $3,450,000, of which $3,000,000 Is 4% pref., the latter all owned
Net earnings.............................. .........510,533,014 510,794,545 510,871,016
by D. A II. V. 84. p .50
Leased to the Delaware & Hudson until Dec. 31
Other Income............................... ......... 2,210.221
2.352.176
4.321,174 2403, any balance over expenses of operation. Interest, taxes, maintenance,
damages, dividend on pref. stock, Ao., to go to the lessor. The lease la
Total net Income..................................512,743,235 513.146,721 515.192,220
subject to revision at 5-year intervals. There are also 524.000 Saranac &
Interest on debt................................... 52,650,920 $2;697,753 52.746,083 Lake Placid 2d 5s due Nov. 1 1913.— (V. 81. p. 613: V. 84. p. 50. 930.)
2,167.314
Rentals p a id ......................................... 2,580,573
2,531,186
C H A T T A H O O C H E E & G U L F R R . — Columbia, Ala., to Floralla, 92 m.
1,174,924
T a x e s..................................................... 1,502,670
769,681
LEASE.— Leased In 1900 In perpetuity to Cent, of Georgia R y. for 6% o n
4,000,000
Renewal funds, Ac............................... 2,000,000
3,000,000
3.292.416 5436.400 stock and 5299.000 bonds, of which 1% to be used as a -Inking
Dividends (12% )................................. 3,292,416
3,292,416
fund for retirement of bonds, upon completion of which rental will be 5% o n
Balance, surplus...............................
$716,656
5855,68551.811.483
stock, payable J.-J. See Cent, of Ga. G y.— (V. 93, p. 1599; V. 95, p. 1607.)
— (V. 91. p. 1710; V. 93, p. 795, 8 G 9 : V. 9 4 ,p. 629; V . 95, p. 679, 749, 8 1 2 .
C H A T T A H O O C H E E V A L L E Y R Y . — Standing Rock, Ga., via W . P o i n t ;
CENTRAL RR. OF PENNSYLVANIA.— Owns Bellcfonte (Penn. RR.) to Jester, Ala., 32.5 m. Stock auth., 51,000,000: Issued, $110,000: par.
to Mill Hall. Pa. (Pa. Dlv. of N. Y. C. A H. R. R R .). 27.3 miles: branch, 5100. Bonds, see table above. Year 1911-12, gross, $105,041: net. after
3.4 miles. Current liabilities June 30 1912, $725,025. For year 1911-12, taxes, $37,476: charges, $17,144; bal., sur., 520,332. In 1910-11, gross,
gross, $62,246: net, $8,572: charges, $27,133; deficit, $18,561. Stock, 598.793; net. $29,278.
$600,000: par, $50. Pres., W . n. Gephart.— (V. 88, p. 1312.)
C H A T T A N O O G A S T A T I O N C O . — Owns union passenger station opened
CENTRAL RR. OF SOUTH CAROLINA.— Owns from Lanes, S. O., to Deo. 1 1909 and approaches at Chattanooga. Tenn., used by the S o u t h e r n
Sumter, S. C., 40.2 miles; spurs, Ac., 1.61 m.; total, 41.81 m. Leased to R y.. Central of Georgia, Alabama Great Southern and Cln. N. O. A Texaa
Atlantlo Coast Lino R R .; rental. $31,000 yearly and taxes. Stock. $170, Pacific, which each owns one-fourth of the stock and guarantees the bonds
000: par, 550. In 1911-12, rental. $31,000: general expenses, $253: int., Jointly and severally, p. & 1., by endorsement. Rental covers bond Interest
and 4% on stock.— (V. 84, p. 50.)
518,000: dlvs. (7.4% ), 512.580: balance, surplus, $166.— (V. 64, p. 887.)
CHESAPEAKE & OHIO R Y .— (See l a p . ) — On June 30 1912 operated
CENTRAL RY. OF CANADA— Projected to extend from Midland on the
eastern shore of Georgian Bay on the Great Lakes to Montreal, 344 miles, in all 2,315 miles of road, viz.:
Lines owned in fee —
M ile s.
&o. Provision has been made to build from the proceeds of $5,000,
Controlled by stock—
M iles.
2
000 bonds the section from Montreal to Ottawa, 110 mWes, Including Ft.Monroe,Va.,toCovIngton,Ky. 663 Bridge— Covington-Clnclnnatl .
the Carillon & Grenville R y., 13 miles In operation, and the main line of the Richmond via Lynchburg, to
Virginia Air Line........................
30
Clifton Forge. Va................. 230 Ches. & Ohio R y. of In d ian a... 261
Central Counties Ry. from Hawkesbury to Ottawa, with 54 miles of
branches. V. 93, p. 345, 730, 1259, 1461; V. 94, p. 206, 278, 826; V. 96, Branches In Va. and W . Va__ 592
Lines leased—
27
1627. Reported under construction Oct. 1912, 28 miles; construction Denton, Ky., to Lexington___ 103 Sundry branches leased_______
E.alted
Big Sandy Jet. to Elkhorn City,
Trackage to Louisville________
84
Juno 1913 by contractors' suit. V. 95, p. 110.
with branch...........................
128 Trackage to Washington, D. C.
lh o company in Nov. 1912 proposed to apply for authority to amalga
85
55 Other trackage........................
mate with certain sub-cos., &c. V. 95, p. 1206. The stockholders were Branches in Kentucky...............
55
Second track 477 owned) 575 miles. Also controls Hocking Valley,
on Apr. 22 1913 to vote on (a) authorizing an issue of 1st M . bonds on the
350 m., and Kanawha A Mich. (Jolntlv with Lake Shore). 176 m.: also
lino between Montreal and Midland and branches, (6) the redemption o
outstanding bonds and matters connected therewith; (c) Increase in share owns one-sixth int. in Richmond-Washington Co. Late in 1912 leased
capital and (d) changes in agreements between tho company and other for 5 years, jointly with the Virginian R y., the 2 roads In West Va. owned
by the New River Co., together 30 miles. V. 96, p. 1421.
companies. V. 96, p. 862.
Stock auth., $7,000,000: outstanding Oct. 31 1911, 52,372,000. Bonds,
HISTORY, AC.— In 1888 reorganized without foreclosure. In 1909 a
55,000,000 1st 5s, "all sold"; $2,000,000 were offered In France In July 1911, syndicate headed by Edwin Hawley (now deceased) acquired about $24,
and $3,000,000 underwritten In Canada and England; £162,000 listed in 000,000 stock, or virtual control. V. 88, p. 294. Owns $8,825,S00 of
London, remainder of offering only partly taken N ov. 1912. City Safe De $11,000,000 Hocking Val. com. stock. In June 1910 the Chic. Cln. A
p o sit* Agency C o.. Ltd., of London, trustee. V. 93, p. 345; V. 94, p. 1185, Lou. (284 m., lncl. 18 m. trackage) was acquired at foreclosure, the Ches. &
1316, 162.5; V. 95, p. 110, 1206. Pres............................... : Sec.-Trcas., J.
Ohio Ry. of Indiana being Incorp. in July 1910 to take over the road: $5,
Douglas Wells, 44 Beaver Hall II1I1, Montreal, Can.(V. 96. p. 1627.)
131,500 stock and $0,208,000 bonds are owned and held In treasury of Ches.
& Ohio Ry. V. 90, p. 1675; V. 91, p . 93. 214, 802.
CENTRAL RY. OF SOUTH CAROLINA— (V. 82, p. 927.)
lower Federal Court on Dec. 30 1912 held the joint ownership with
CENTRAL VERMONT RY.— Operates from Rouse’s Point, at north end thoThe
Lako Shore of the Kanawha & Michigan (each holding $4,029,600 of
of Lake Champlain, to New London, Conn., with branches, 536 miles In all,
tho
$9,000,000
stock) to be in violation of the anti-trust law and therefore
of which 160 miles leased, \lz.: New London & Northern (see that co.), 121 illegal, and ordered
the equity in the Sunday Creek Co. to be disposed of.
miles; Montvillo Branch, 3: West River R R ., 36 m. V. 68, p. 1076.
SECURITIES, &o — Tho Grand Trunk R y. holds $2,185,100 of the $3. V. 96. p. 62, 134.
STOCK.— Authorized stock was Increased to $100,000,000 April 28 1910.
000,000 stook. Form of Interest guaranty, V. 85, p. 283. For Central
Vermont Transportation guar. 5% bonds, see V. 88, p. 1252; guar, bonds of which $37,200,000 was reserved for conversion of 4)4s. See BONDS.
covering 2 steamships. V. 94, p. 910, 1249, 1626, 1695; V. 95, p. 749. In
DIVIDENDS.— 1899 to 1908. both lncl., 1% yearly; In 1909. 3% : 1910,
Feb. 1912 sold $980,000 equipment trust 5s. V. 94. p. 350.
M ch., 4 H % : 1911 and 1912, 5% (Q.-M .); 1913, M ch. and June, 1 H % each.
EARN IN G S--10 mos.,( 1912-13------- Gross, $3,466,021; net, $562,559
V. 96. p. 1156. 1421.
Ju l y 1 to April 30.
11911-12------- Gross, 3,397,630; net, 676,806
BONDS.— Abstract of consol, mtge. of 1939 In V. 49. p. 147: V. 86. p.
REPO RT.— For year ending Juno 30 1912, V. 95, p. 1536.
1588: V. 92, p. 260; of Richmond & Allegheny mtges.. In V. 51, p. 144.
Year.
Gross.
N et. Other In c. Charges. Im pts.,& c. B a l.,Su r.
The
general mortgage of 1892 (Central Trust Co. and H. T. Wickham,
1911-12..$4,435,832
$888,789 559,093 5912,660
$22,269 $12,953
1910-11.. 4,337,644
957,826 50.331
894,700
23,206
90,251 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.
1909-10.. 4.088.411
872.355 42.789
827,739
62,631
24,774 644.
In July 1912 531,131,000 was reserved to retire underlying bonds.
OFFICERS.— Pres., E. J. Chamberlin; Clerk and Treas., W . H. Chaf
General funding and Imp. mort., V. 87, p. 1663; V .88 ,p . 157.
fee. St. Albans. Vt.— (V. 96. D. 284.)
Of the authorized $37,200,000 convertible gold bonds of 1910, $31,390,000
„ CHARLESTON (S. C.) TERMINAL CO.— ROAD.— Owns terminal road, wero issued in that year. They are redeemable after 1915 at 102H,
5.02 m.; 1 4 wharves, 30 warehouses, 4 cotton compresses, &c. V. 77, and convertible at par, at the option of the holder. Into stock between
p. 148, 298. Stock, $200,000, owned Jointly by Atl. Coast Line R R . and May 1 1911 and Feb. 1 1920. The new mortgage authorized April 29
Southern R y., which agree to make good any deficiency In Interest on bonds. 1911 will, as to lines owned In 1910, secure equally the convertible 4H s.
— Gross, year ending Juno 30 1912, $120,987; net income, V. 90, p. 771, 848; V. 91, p. 870. 945. 1159, 1574.
The shareholders on April 29 1911 authorized a new mortgage to se
$6,290; lnt. and taxes. $50,060; bal., def., $13,769.— (V. 77, p. 146.)
an Issue of not exceeding $125,000,000 20-year gold bonds, bearing
CHARLESTON UNION STATION CO.— Owns passenger station at cure
Interest at rates not to exceed 5% . The new bonds will provide for exten
Oharleston, S. C.. used by Atlantic Coast Line and Southern R y., which each sions
and Improvements and the retirement of certain equipment and other
owns one-half tho stock and guarantees the bonds, p. & 1., by endorsement. obligations,
including the 511,000,000 “ general funding and Improvement”
Rental covers Interest on bonds and 4% on stock. V. 8-1, p. 50.
bonds and for other corporate purposes. It Is a first lien on certain
. CHARLESTON & WESTERN CAROLINA RY.— Port Royal, S. C., via securities then in the treasury. Including all of the bonds and stock of the
Augusta, Ga.. to Spartanburg, S. C., 245 m.; branches to Anderson and Ches. & Ohio Ry. of Indiana, owning 261.7 miles of road; a general lien
Greenville, S. C., 94 m.; leased, 2 m.; total, 340 m. Entire stock and por (subjeot to prior liens and upon a parity with the convertible bonds on the
tion of Incomes owned by Atl. Coast Line Co. V. 66, p. 38. 335. Dlv. on lines owned April 28 1910) upon the property now owned and become a lien
incomes, 2% 1903-04; 3% 1904-05; 6% 1905-06 and 1910-11, 1911-12, none. upon any property acquired by the use of the new bonds. V. 92. p. 880.
The 3-yr. 4H % notes ($25,000,000 auth. issue) are secured by above
STOCK.— $1,200,000: par, $100. See Augusta Term. R y. V. 66. p.383.
new bonds; $25.0 )0,000 of the notes have been sold, secured by $28,586,000
EARN INGS.— 10 m os.,/1912-13........Gross, $1,625,818; net, $386,856
of
the bonds. V. 92, p. 1178; V. 93. p. 1385.
July 1 to Apr. 30.
\1911-12........Gross, 1,662,684; net, 416,782
Louisville & Jeffersonville Bridge .— See separate statement for that co.
REPORT.— For year ending June 30 1912, gross, $1,933,896: net, after
Of the Greenbrier R y . 4s of 1900, guaranteed prln. and Int., and assumed
taxes, $360,075: other Incomo, $22,780; int, on bonds, $172,000; rentals and n 1903-04, $1,000,000 are reserved for extensions and Improvements. See
RAILWAY STOCKS AND BONDS
26
R A IL R O A D C O M P A N IE S
[For abbreviations, A c . see notes on first page]
Miles Date Par
Amount
Rate
Road Bonds Value Outstanding %
Ohes.&Ohio— (Concl .). Coal River 1st M g ass'd.Ce.o* 86 M
B3neon Coal mtge assumed redeem since Oct 1905.
Greenbrier R y 1st M $3,000,000 g assum ed...Eq.o*
101
Big Sandy R y first mtge $5,000,000 gold----- Ce.c*
86
Potts Cr Br 1st M $1,000,000 auth(V 83,p 693)Ce.o*
20
Virginia Air Line 1st M $900,000 g assumed________
35
Raleigh & Southw 1st M $1,500,000 g assumed..Ce 35 H
Qen fd A Imp M $11,000.000 red 107)*-Usm.xc* Ar* 1,648
Convert g bonds $37,200,000 red text Usm.xc’ Ar*
First Hen & lmpt mtge $125,000,000 authorized___
Secured gold notes $25,000,000 red par...............F.c
___
Guaranteed bonds—
Elevator Co 1st mtge gold prin A lnt guar.-Ce.o*
2d M inc n-c (C&O owns $364,000) n ot g u a r ..c *
Louis A Jefl Bdg 1st M $5,000,000 gu p & 1 end-.c*
Norfolk Term A Trans 1st M (V 67, p 322) gu p & 1
Western Pocahontas Corp 1st M (V 84, p 995)____
do
do
do
Extension No 1 ..
*lio
do
do
Extension No 2 . .
Rlchmond-Washlngton Co (one-sixth Interest)___
262
Ches & O Ry of Ind— 1st M $30,000,000auth red parBa
Ch C & L mlsc equip contracts to June 30 1912
27
Chesapeake Western— C & W R R 1st M gold______N
41
Chesapeake Western R y mtge $1,435,000 g -.E q.c*
36
Chesterfield &_Lancaster— 1st M $750,000 gold-.K .o*
4
Chestnut Hill RR— Stock rental P A R Ry
Chicago & Alton RR— Common stock
Preferred stock 4% non-cumulatlve
4% cumulative participating and prior lien sto ck ..
889
Chlo & Alton RR (old) ref M g (see text) IC.xo*Ar*
943
First lien (old Ry) M subject to call at par.-F.o& r
Debentures, subject to call...................C e f Equally
Gen M $20,000,000 g red text.U sm xc’ &r’ l secured
C & A Eq Assn ctfs Ser A B & C g gu $160,000 s-a Ba
do
do
Ser D g gu due $113,000 s-a.-B a
do
Trust $82,000 Ser E due s-a............. Ba
do
Trust Ser F due 13M or 12M s -a ..........
. . .
do
Ser G gu red 101 due $72,000 an.PeP.c*
[Vol.
XCVI.
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
A D June 11945
& () Oct 11915
& N Nov 1 1940
& T) June 1 1944
& J July 1 1946
& N May 1 1952
& J July 1 1936
& J Jan 1 1929
& A Feb 1 1930
20 years
& D June 1 1914
J P Morgan A Co. N Y
Cent Tr A S Dep Co Cln O
J P Morgan A Co, N Y
do
do
do
do
71 Broadway, N Y
J P Morgan A Co. N Y
do
do
Office, 71 B’way,N Y
& O Oct 11938
Oct 1 Oct 1 1988
M A S Mch 1 1945
F & A Feb 1 1948
F A A Aug 1 1945
F A A Aug 1 1945
A & O Oct 1 1946
J A D June 11943
J A J July 1 1930
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
New York Trust Co, N Y
Office, 71 B ’way, N Y
1905
1,000 $2,944,000
$500 &c
5200,000
1901
1,859,000
1900
1,000
1904
1,000 4.843,000
600,000
1906
1,000
900,000
1,000
1907
894,000
1,000
1906
1909 1,000 &c 3,698,000
o 31,390.000
1910 1,000 &
1911
1,000 25.000,000
1911
4g J
5g A
4g M
4 g J
4g J
5g M
4g J
5 g J
4 yt g F
5
4H g j
820.000
1,000
1888
86.500
1,000
1888
1,000 a4,500,000
1895
500,000
1,000
1898
750,000
1,000
1905
83,000
1906
1,000
51,000
1906
1,000
1903 1,000 Ac 9,500.000
1910
1.000 6.208,000
111,699
500 Ac
1896
666,000
1901
1.000
1,419.000
1,000
186,000
1905
50
195,650
100 19,542,800
100 19,544,000
100
879,300
1899 1,000 Ac 45,350,000
1900 1,000 Ac 22,000,000
1907
1.284,000
1912 1,000 &c See text
1905
1,000
552.000
1906
1,000
678,000
1908
1,000
902,000
1909
1,000
150,000
1910
1,000
578.000
4g
4
4g
5
4«
4M
A
do
do
4g
5
4 &6
New York Trust Co. N Y
5 g F A A Aug 1 1945
4 g A A O Oct 1 1951
See text
5 g F A A Aug 1 1955
Knickerbocker Tr Co,N Y
6
Q—M June4 1913, 1H Treasurer’s office, Phila
See text. F A A Feb 15 ’ 10, 2% Checks mailed
do
See text. .T A J Jan 16 1911,2%
do
4 In 1912 J A J Jan 15 ’ 12, 2%
First National Bank.N Y
3 g A A O Oct 1 1949
do
do
3H g ,T A J July 1 1950
60 Wall Street, New York
J A D June 1 1922
5
New York
■ 6 g J A J July 1 1932
Bankers Trust Co, N Y
4 & 5 g Various To Nov 1915
do
do
4 g J A D Dec '13-J’ne ’ 16
do
do
4H g M A N Nov ’ 13-Nov’ lS
do
do
4H F A A To Feb 1919
5 g A A O To Oot 1 1920 Penn Co for Ins, Ac.Phila
Clncin natl C hloago & St Louis.
guaranty, V. 72, p. 626; see also V. 71, p. 554, 602; V. 79, p. 915.
Big Sandy 4s of 1904, V. 79, p. 917; V. 82, p. 297; V. 87, p. 225, 414,
1418. Guaranty, V. 81, p. 668.
Coal River 4s of 1905, V. 80, p. 2219; V. 83, p. 693; V. 89, p. 720.
Paint Creek B r. 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 4% Cold (Denomination $1,000 each) .
Series. Date.
Outstanding.
Mature in Installments.
Aug. 1913 Last Installment.
“ D” 1903......................... $200,000
Dec. 1913 do
do
1903
.............
50,000
Dec. 1913-Dec. 1914 $35,000 s.a.
1904
............... 105,000
90.000 s.a.
Oct. 1913-AprIl 1915
1905
............... 360,000
80.000 s.a.
Oct. 1913-AprIl 1916
1906
............... 480,000
50.000 s.a.
300,000 Dec. 1913-June 1916
1906.......................
95.000 s.a.
Aug. 1913-Aug. 1916
1906
............. 665.000
80.000 s.a.
Oct. 15 ’ 13-Oct. 1916
’ 1906 ....................... 560.000
Jan. 1914-Jan. 1917 112.000 s.a.
1907
............. 784.000
Aug. 1913-Feb. 1917 113.000 s.a.
' 1907......................... 904.000
To N o v .1 1915.
R . Co." 1910........... 132.000
All owned,
f “ A ” guar........4,800,000
do
do
C. A O. ! " » ” guar....... 640,000
do
do
Equip’ t r ’C” guar....... 470,000
do
do
Corp’ n |“ D” guar........ 1,750.000
do
l " E ” guar..................1.476,000 do
——
Interest paid semi-annually as Indicated by maturity date: “ C,” “ E” and
" F ” at office of Blair A Co., N. Y .; “ D,” “ G" and “ H " at Fidelity Trust
Co., Phila.; “ I,” “ J,” “ L” and “ M” at Blair A Co.; “ K ” at Guaranty
Trust Co.; “ M. R . Co.” at St. Louis Union Trust Co.
FINANCES.— In June 1910 dividend rate was Increased from 4% to 5%
and In D ec.l911that of Hock. Val. Ry. to7% an d of Kanawha A M lch.R y.
to 5 % . In April 1911 sold $16,000,000 3-year 4 J4 % notes and In Mch 1912
$3,500,000. As to notes and new $125,000,000 bond Issue of 1911, see
BONDS above.
EARN ING S.— 10 m a s.,/1912-13___ Gross, $29,080,224; net, $8,671,038
July 1 to Apr. 30.
\1911-12____Gross, 28,569,610; net, 9,649.365
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 1911-12 was given at length In V. 95, p. 743, 757.
1909-10.
Year ending June 'SO—
1911-12.
1910-11.
1,937
Miles operated_____________________
2,263
2,229
Passenger earnings............................ $5,505,536 $5,512,932 $5,002,205
Freight _______ ? ___________
27,261,475 25,590,027 24,901,200
Express, mall and mlscfellaneous------- 1.522,859
1.480,452
1.333,764
Total earnings...................................$34,289,870 $32,583,411 $31,237,160
Operating expenses............................ 22,635,681 21,793.615 18.936,699
Net earnings.................................... $11,654,189 $10,789,796 $12,300,470
Other Incom e. .................................. 1.808,563
1,560.815
1,161,365
Total net Income........ ...................... $13,462,752 $12,350,611 $13,461,835
Interest on bonds, rentals, &c................$8,174,326 $8,056,473 $6,297,605
T a x es.....................
1,014,220
1,065.853
873,744
D ividen ds.......................................... (5)3.139,027(5)3,139,6,25(4 H)2668617
Balance, surplus..................................$1,134,579
$88,660 $3,621,869
OFFICERS.— Chairman, Frank Trumbull; Pres., George W . Stevens,
Richmond, Va.; 1st V .-P ., Decatur Axtell; 2d V.-P., II. T. Wickham; 3d
V .-P ., F. M . Whitaker; 4th V.-P., M . J. Caples; Sec., Carl Remington;
Treas., James Steuart MacKie: Comp., L. F. Sullivan.
Directors.— Frank Trumbull, Chairman; Frank A. Vanderllp, T. P.
Shonts, II. E . Huntington, Decatur Axtell, George W . Stevens, F. H. Rawson. F. H. Davis, James II. Dooley. N. Y . office, 71 B ’way.— (V. 95,
p. 1122; V. 96, p. 62, 134, 553, 1020, 1156, 1421.)
CHESAPEAKE & OHIO RY. OF INDIANA.— Owns Cincinnati, Ohio, to
Indlana-Illinols State line, 260.7 miles; trackage rights, 23.7 m.: total oper.,
284.4 miles. Incorp. In Indiana July 2 1910 as successor to Chicago Cine.
& Loulsv. R R ., sold In foreclosure June 23 1910. V. 91, p. 93, 37; V. 90,
p. 1675, 1424, 1362. Stock $5,131,500. and bonds, $30,000,000, dated
July 1 1910 fpresent Issue $6,208,000), all owned by Ches. & Ohio and
to be deposited under its new mtge. authorized Apr. 29 1911. In June 1913
application was made to issue $377,000 additional stock and $381,000 bonds.
V. 96, p. 1627. For year ending June 30 1911, gross, $1,532,738; op. def.,
$143,359. Earnings inch in Ches. & Ohio.— (V. 95, p. 175; V. 96, p. 1627.)
CHESAPEAKE WESTERN RY.— Owns North River Gap, Va., to
Bridgewater, 14 m.; leases for 99 years from May 1 1902 Chesapeake A
Western R R „ Bridgewater to Elkton, 27 m.; total, 41 m. Projected to tide
water on 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, $10,000,000; outstanding, $1,419,600; of which $608,
400 Is pref. Ches. & West. R R . has $533,500 common and $27,600 pref.
stock outstanding. C. W. Ry. mtge. of 1901. V. 73. p. 899, 1356. Year
ending June 30 1912 (41 miles), gross, $82,608; net, $26,431; other income
$34,199; lnt. on bonds, $56,760 (not paid); taxes, rentals. Ac.. $44,505;
ba!., def., $40,636. Pres., W . E. D. Stokes, The Ansonla, N. Y .; See. and
Treas.. W. H. Hall.— (V. 78, p. 2383; V. 86. p. 980, 1041, 1284.)
CHESTERFIELD & LANCASTER RR.— Owns Cheraw. S. C., to Pageland and Crowburk, 38 m. Bonds (limited to $750,000) Issuable at So.000
per mile. V. 81, p. 1790. There were outstanding June 30 1912 $67,000
2d 6s due Jan. 17 1918. Stock, $500,000, a majority being acquired In
June 1909 by the Seaboard Air Line Ry., par, $25. For year ending June
30 1912, gross, $67,589; net, $26,622: charges, $22,436; bal., surp., $4,185.
In 1910-11, gross, $82,178; net, $45,265. Pres., W. J. Harahan; Treas.,
R . L. Nutt.— (V. 89, p. 40.)
CHESTNUT HILL RR.— Owns from Germantown to Chestnut Hill, Pa.,
4 m.; being double-tracked May 1902. Re-leased in 1896 to Phila. & Read,
R y., the rental being reduced from 12% to 6% on stock, the latter being in
creased In June 1902 from $120,650 to $195,650.— (V. 75, p. 76.)
CHICAGO & ALTON RR.— (See M a p Toledo St. Louis A Western.)—
ROAD.— Chicago to St. Louis, Kansas City, &c.. In all 998 miles.
Road owned—
M iles.
Road owned—
M iles.
Chicago to East St. Louis, 111____280 Mexico, Mo., to Cedar City, M o .. 50
Sherman, 111., to Grove, 111_______ 51 Roodhouse, 111., to Kan. C „ M o ..251
Eldred to'Barnett............................. 49 Bloomington to Wann, via Jack
Coal City Line, Ind______________27
sonville, Godfrey and Upper
Alton (all in Illinois)................. 158
Dwight, 111., to Washington and
Lacon, 111____________________ 81 Trackage to Peoria, 111., Ao...........17
lies to Murrayville, 111___________ 34 Leases Rutland Toluca A North. 27
Total owned and operated July 1 1912 (256 m. double tracked)____1,025
Also operates, jointly with Clev. Cin. Ch. 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 & Alton
and Chic. R. I. & Pao. R y., which guarantee the first mtge. bonds ($1,500,
000 auth. issuo) and 1st & ref. M . bonds. V. 81, p. 1099; V. 83, p.752,
1171, 1291; V. 84, p. 451; V. 85, p. 159.
The Rutland Toluca A Northern R R . Is leased for 999 years and its bonds
guaranteed prin. and lnt. V. 91, p. 1024; V. 93, p. 408.
ORGANIZATION.— The (old) railway company was organized In April
1900 and purchased substantially all the stock of the Chic. & Alton Railroad.
The two were consolidated In 1906 per plan V. 82, p. 451, the Railway
ohanglng Its name to the C. & A .Railroad. V. 82, p. 160; V. 70, p. 686. 995.
' 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
declared on the common stock of the consolidated company. In Aug. 1907
the Toledo St. Louis A Western purchased from the Rock Island the cortrolllng interest, viz., $14,420,000 com. and $6,380,000 pref. stook. V. 88,
p. 468, 529, 792. Union Pao. owns $10,343,100 pref. stk. V. 84. p. 1484,
V . 9 5 .p.361.
D IVIDEN DS.—
’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. June 1913.
Common sto ck _______________ . . . .
1
4
2
------- None since—
4 4
4
4
2None
None
Preferred stock______________ 2
Prior lien participating p r e f__ 2
4 5
8
6
4
2
None
BONDS.— First lien (old Ry.) 3 ^ s of 1900, V .7 1 . p. 1021: V. 82, p.451.
The Railroad (old) mtge. securing the 3s of 1899 will provide funds for Im
provements and extensions. Bonds in excess of $40,000,000 were to be
Issuable thereunder on vote of two-thirds of stockholders for extensions of
not over 500 miles main track, at not exceeding $20,000 per mile, to fund
leased line rental obligations and for future betterments not to exceed
$5,000,000, at not over $1,000,000 per annum, from Jan. 1 1900. In July
1912 $45,350,000 were outstanding. V. 69, p. 178; V. 69. p. 26, 129, 541:
V. 70* p. 429, 739, 995: V. 79. p. 211. 967; V. 84, p. 480, 507\ 626, 803. 809:
V. 88, p. 99. 293.
In June 1912 It was arranged to substitute for the present authorized
$18,000,000 improvement and equipment mortgage (under which bonds
are only outstanding as collateral) an Issue of $20,000,000 of 6% gold bonds
to be secured by a general mortgage on the property to provide for double
tracking, enlargement of terminals and other improvements, Ac. Of the
bonds, $4,500,000 have been sold for present requirements (it was stated for
account of Union Pacific), and $2,800,000 additional ,it was reported, to
retire the improvement and equipment notes due March 15 1913. Of the
remainder, $4,100,000 were reserved to retire $3,766,500 equip, trust
obligations, $1,425,000 to refund $1,284,000 debentures duo Juno 1 1922
and $7,175,000 for acquisitions, lmpts., &c. Bonds aro redeemable on any
interest day after Jan. 1 1915 at 105. V. 94, p. 1565, 1695; V. 95. p. 749;
V. 96, p. 789.
LATEST E A R N IN G S./1912-13____ Gross, $12,748,927; net, $1,711,314
10 mos.. July 1 to Apr. 30.11911-12____ Gross, $12,346,914; net, 2,656,114
REPORT.— For year ending June 30 1912, was in V. 95, p.1328.
1911-12.
1910-11.
1909-10.
Gross earnings.............
$14,535,722 $14,592,519 $13,358,475
Operating expenses...........................
10,885,200 10,446,636 8,640,207
Net earnings_____________________ $3,650,
Net income____________ - .................... $3,616,
Hire of equipment and rental.............
516,
T axes...........................
461,
Interest on bonds, & c...............
2,625,
Dividends on guaranteed stock s___________ 250,
Discounts on securities written o ff__________ 66,
Dividends on prior lien stock............. (4%)35,
Dividends on preferred stock...........
...
Dividends on common stock________
...
Balance, deficit..................................
$338,893
$250,992
$153,386
DIRECTORS.— Pres., B. A. Worthington; Chairman Executive Com
mittee. R. S. Lovett; V.-I*. & Treas., F. II. Davis; Sec., James Steuart
M acKie.; J. J. Mitchell, Joy Morton, Edward Tilden, Win. G. Bealo,
Samuel Insull, Louis J. Spence and Julius Kruttschnitt.— (V. 96, p. 1627.)
CHICAGO BURLINGTON & QUINCY RR .— (See M ap.)— ROAD.— Op
erates a great system of roads extending from Chicago westerly, reaching St.
Paul and Minneapolis, Minn.; St. Louis and Kansas City, Mo.; Omaha, Neb.;
Denver, Col.; Cheyenne, Wyo.; Black Hills, S. D., and Billings, Mont. The
accompanying map shows clearly the system, viz. (In miles):
Lines cast of Missouri River___ 4,3881 Lines leased................................. 267
Lines west of Missouri R iv e r ... 4 ,3471Narrow-gauge lines....................
73
Total operated June 30 1912...................................................................9,075
In Dec. 1908 $23,657,500 of the $31,000,000 Colorado A Southern com.
stock (practically a controlling Interest) was acquired, affording connec
tions with the Gulf of .Mexico, the C. A S. system Including trackage aggre
gating 2,769 miles. V. 87, p. 1603; V. 88, p. 157, 685. Extension from
Kirby to Thermopolls, W yo., 11 miles, was opened May 1910, and a further
extension of 94 miles to the Powder River Is under construction, In addition
to 30 m., Scribner to Fromberg, Mont., and 25 m., Hudson to Greeley, Col.
RAILW AY STOCKS AND BONDS
June, 1913.1
28
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations. A c ., see notes on first page]
M iles
Date
Road Bonds
Chicago & Alton (Concluded)—
162
Kansas City St Louis A C preferred steck guar-----Joliet A Chicago 7% stock perpetual guar by C & A
37
Louisiana A Missouri guaranteed preferred stock ..
101
Rutland Tol & No 1st M g gu red beg Oct’ 15-NCc*
27 1910
Chicago Burlington & Quincy—Stock---------—
Gen mtge $300,000,000 lawful money------Ce.c*Ar* 8,599 1908
Illinois DIv first mortgage!$85,000,000 currency 11,648 (1899
(V. 83, p. 625: V. 69, p. 283) J redeem at 105.-NB
(1899
Sinking fund Iowa Dlv 5s (coll trust) drawn at 105891 1879
Sinklng fund Iowa dlv. 4s drawnj at 100_______ oAr
891 1879
Sinking fund 4s (So W Dlv) drawn at 100_____o* Ar
1881
Denver exten (coll tr) bonds s f drawn at 100-NB.o*
370 1881
xNebraska ext $20,000 p m (s f not drawn) .NB.c* Ar 1,471 1887
xB A Mo RR In Neb1,Land gr s f drawn at 100-NB 1 - - . J1878
\1878
xCons M $14,000,000/
do
drawn since 1908__ )
N*U A Tar Val RRs 1st mtgs s f (drawn at p a r )..c *
59 1880
xRep Val 1st M guar (red at par) s f $14,000 yrly.-C
90 1879
Chic. & E 111— Pref stk6% non-cum ($15,000,000) - -
Danville A Grape Creek R R — 1st M assumed___ c*
9 1880
14 1881
First mortgage extension.^____________________ c*
191 1884
Consolidated mortgage (for $5,948,000) gold-.Ce.c*
817 1887
General consol and 1st M $30,000,000___ Ce.c*Ar
176 1885
Chic A Ind Coal— 1st M $25,000 p m assum.-Alp.o*
1881
Evansville Terre Haute & Chicago Income mortgage
817 1905
Refund A Imp M (text) g red at 102)4_-Ba.xc*Ar*
1912
Pur mon 1st MCoal bds $7,000,000g red textCe.xc* & *
144, 1881
Evansv & T H 1st consolidated M gold______F.c*
25 1883
Mount Vernon Branch mortgage gold--------- F.c*
1890
Sullivan Co Coal Branch mortgage gold------F.c*
199 1892
First general mtge for $7,000,000 gold------F.c*
1911
Refunding mortgage $1,284,000 red par----------N
54 1884
Evansville A Ind 1st M gold guar__________ F.c*
134 1886
Cons M ($2,500,000) g gu p & 1 (end) EATH F.c*
l4 1910
Evansvillo Belt Ry first mortgage gold----------------1905
0 & E l Equip bonds Ser C A D due $68,000 seml-an
. . . 1905
do Scries E due $125,000 s-a (V 81 P 1043) -Ba
x See option of exchange for general M 4s.
June 30 1912, $2,000.
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[ V o l . X C V I.
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
6
Checks mailed
$1,750,000
Q— F M a y l 1913
7
do
do
1,500,000
O— J July 7 1913
F A A Feb 1 1913
7
329.000
do
do
4 g A & O Oct 1 1930
225,000
Northern Tr Co, Chicago
110,839,100 8 In 1911 Q —M 25 J’ne26 1912 2% N Y, Boston A Chicago
M & S Mch l 1958
4
61,000,000
Bank of Commerce, N Y
50.451,000
do
do
3)4 J & J July 1 1949
33.976.000
J & J July 1 1949
4
do
do
O
2,197.000
A A
Oct l 1919
do
do
5
A A O Oct 1 1919
5,469.000
4
Bank of Com N Y ; & Bo#
M * s Sept 1 1921
do
do
633,000
4
do
do
1.874,300
F A A Feb 1 1922
4
do
do
22,196.000
M A N May 1 1927
4
Bank of Commerce, Bost
.1 A J July l 1918
2,784,000 J 6
do
do
J A J July 1 1918
t 6
Second Nat Bank,Boston
53,000
J A 1) June 1 1920
7
Bank of Commerce, Bost
119.000
J
A J July 1 1919
6
12,186,100 6 In 1912 J— J Apr 1 1913 1)4 Hanover Nat Bank, N Y
Central Trust Co, N Y
M A N May 1 1920
6
97,000
Fourth Nat Bank, N Y
A D Dec 1 1931
J
91,000
6
Central Trust Co, N Y
6 g A A O Oct 1 1934
2,736,000
M A N Nov 11937
do
do
5
21.343,000
A J Jan 1 1936
Metropolitan Tr Co, N Y
J
5
4,626,000
M A N May 1 1920
Farmers’ L A Tr Co, N Y
1150,000
6
A J July 1 1955
Bankers’ Trust Co, N Y
4g J
18,153,000
Central Trust Co, N Y
5,167,000
5 g F A A Feb 1 1942
Bankers Trust Co, N Y
3.000,000 . 6 g J A J July 1 1921
do
do
375,000
6 g A A O Apr 1 1923
do
do
5 g A A O Apr 1 1930
450,000
Bankers Trust Co
3,175,000
5 g A A O Apr 1 1942
New York
J A .1 July 1 1941
1,284,000
5
Bankers Trust Co, N Y
647,000
6 g T A .1 July 1 1924
do
do
1,853,000
6 g I A J Jan 1 1926
Col-Knlck Trust Co, N Y
142,000
5 g u & N Nov 11940
204,000
4)4 ,T A J To Jan 1 1915 Blair & Co, New York
do
do
4)4 g F A A Aug ’ 13-Aug '15
625,000
V. 88. p. 106 0. 112 7. 1559;' V .89.P.40. t Mostly owned b y Erie Railroad . $ Of which In treasury
$100
100
100
100 Ac
100
1 000 Ac
1.000&C
1,000 Ac
1,000
1,000
1,000
100 Ac
1,000 Ac
600 Ac
600 Ac
1,000
600 &c
100
1.000
1,000
1,000
1,000 Ac
1,000
1,000
1,000 Ac
1,000 Ac
1,000
1,000
1,000
1,000
50 &c
1,000
1.000
1,000
1,000
1,000
Total income...................................... 824.801,404 $27,748,768 $24,247,227
Interest, sinking fund, A c___________ $10,694,650 $10,905,005 $10,938,4$1
Betterments ........................................ 3,944,216
4,826,755
3,329,006
Dividends on stock (8 % )___________ 8.867,128
8,867,128
8,867,128
W. Krech (Chairman); Richard R. Hunter, Secretary; Equitable Trus
Co., depositary. V. 96, p. 1628, 1700.
STOCK.— Common stock outstanding was $7,217,800 ($15,000 per
mile); preferred, $12,186,100. In addition, $6,408,300 common was held In
trust by Trust Co. of America In July 1912 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. The remainder of the $15,000,000 pref.
stock may bo issued at $10,000 p. m. on new mileage. V. 92, p. 1374,
1435: V 93. p. 229, 588. 1393.
The St. Louis A San Francisco R R . has given In exchange for the com
mon and pref. stock Its stock trust certificates at the rate of $100 thereof
for each $100 share. V. 75, p. 289. All of the $7,217,800 common, and In
June 1912 $8,276,000 of the $12,146,500 pref. then outstanding, had been
exchanged on this basis. The St. L. AS. F. has the option to retire the trust
certs.at any time at $250 per $100 com. stock trust certificate arid $150 per
$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 failure
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
common stock trust certificates were In 1905 exchanged for certificates In
denominations of $1,000 each, representing 4 shares of common stock, bear
ing 4% int.. and payable In 1942 at face value. See form, V. 80, p. 1856.
1913.
DIVS.%-1 ’02. ’03. ’04. '05. ’06. ’07. ’08. ’09. 10. ’ l l . ’ 12.
6
6
6 1)4.1 > 4 . - . On p r e f..) 6 6 6 6 6 6 6 6
8
9 ) 4 5 -------------------O n com -.J 6
6
8
5
8 10 10 2
Centra
BONDS.—The general consol, and first mtge of 1887
----- (trustee.
.
Trust Co.) provides for the retirement of $6,307,000 prior bonds and for
Issue of bonds on new road at $18,000 per mile for single track; also for bonds
for equipment at $7,000 per mile and for double track at $8,000 per mile.
In 1897 issue was 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; V .
96, p. 284.
Of the refunding and improvement gold 4s of 1905 ($55,000,000 auth.
Issue), $2,221,000 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 5s.
V. 80, p. 1424: V. 81. p. 1436; V. 88, p. 451; V. 90. p. 558: V. 92. p. 117:
V. 93, p. 588; V. 94. p. 487.
„„„
- .
,
As to tho purchase money First Lien Coal bonds ($7,000,000 auth. issue),
see V. 94. p. 629; V. 95, p. 1039, 1122, 1393.
EARNINGS.— 9 mos.,11912-13-..Gross, $12,367,083; net, $3,051,404
July 1 to Mar. 31.
\1911-12...Gross, 12,004,538; not, 3,311,223
For 5 mos. ending Nov. 30 1912, net, $1,872,809, agst. S2,125,815; taxes
accrued, $217,016; other income, $373,727; int. and rentals, $1,730,930;
bal., sur., $298,590. V. 96, p. 284.
R E P O R T — For 1911-12 was in V. 95, p. 1393.
Years ending June 30—
1911-12.
1910-11. Inc. or Dec.
Operating revenue--------------------------- $15,215,513 $14,880,409 +$335,104
O p e ra tin g Incom e (after t a x e s ) ______
3,889,169
4,313,343 — 424,174
N et (In cluding o th e r I n c o m e ) ________
4,718,361
5,219,097 — 500,736
Interest and rentals________________
3,660,562
3,677,331
— 16,769
Dividend on preferred stock (6 % )__
591,963
529,842
+62,121
Dividend on common stock_________ (5)360,890(9)4)685,691 — 324,801
Balanco, surplus_________________ $1,295,410 83,149,880 81,112,612
DIRECTO RS.— Darius Miller (Pres.), Geo. B. Harris, Chicago, 111.;
J. J. Hill, Howard Elliott, St. Paul, Minn.; James N. Hill, Geo. C. Clark,
W . P. Clough, Edw. T . Nichols, Halo Holden, Geo. F. Baker and Samuel
Thorne, N. Y .— (V. 96, p. 134, 359, 651, 789, 1228, 1772.)
CHIC. CINCINNATI & LOUISV. RR.— See Ches. & Ohio R y. of Indiana.
CHICAGO &EASTERN ILLINOIS RR.— [See M a p St. L . A S a n F r .) —
Operates road (double track to Danville Jet., 106 m.) from Chicago, 111., to
Evansvillo, Inc., and bituminous coal fields; also to St. Louis, M o., and
Thebes to Joppa, 111.
Lines Owned in Fee —
M iles. Evansville to Terre Haute...........109
Dolton to Danville, 111_________ 107 Branches to Mt. Vernon, A c------50
Danville, HI., to Brazil, Ind____61 Evansville Belt_________________ £
2
Momence Jet., 111., to Brazil, Ind.130 Other......................
Controlled and operated—
Danville Jot., 111., to Thebes. 111.277
Joppa Jet. to Joppa, 111_________ 16 Ev. A Ind. R R ., Evansv. to Terre
Haute via Worthington, AC--146
Clssna Jot. to Cissna Park, 111__ 11
Other Trackage, A c .—
or
Rossvllle Jet. to Stdell Jet., I ll-_ 34
Percy Jet. to La Crosse, Ind____46 Pana, III., to East St. L o u is ..-- 85
Milford Jet., 111., to Freeland, Ind 11 Chicago to Dolton, Ch. & W . In d . 17
Coal Bluff, Ind., to Casey, I n d .. 7 Otter Creek Jet. to Terre Haute. . 6
Woodland, III., to Villa Grove__ 62 Other lines_______________________38
Findley, 111., to Pana___________ 20
Branches to Coal Mines__________ 15
Total operated July 1912— 1.275
Rossvllle Jet. to Judyvllle, I n d .. 14 Double track___________________ 177
Hunt’s Extension.........................
7
•Also leases to other companies Rockville extension, 23 miles.
HISTORY. LEASES, &o.— In August 1902 the St. Louis & San Fran,
acquired the greater part of the stock, as said below. In 1911 merged the
Evansville & Terre Haute, theretofore controlled.
The Chicago & East. 111. owns $1,000,000 stock of Chic. A Western Ind.
On M ay 27 1913 William J. Jackson of Chicago and Edwin W. Winter
of New York were appointed receivers, there being a floating debt of about
$5,000,000. St. Louis & San Francisco is also in receivers’ hands.
Committee for Holders of Mortgage Debt and Equipment Obligations.— John
W . Flatten (Chairman); Calvert Brewer, Secretary; U. S. Mtge. & Trust
C ., depositary. V. 96, p. 1555.
Committee for St. L . A S. F . Common or Pref. Slock and Trust Certs.— Alvin
Balance for year (surplus)________
$104,946
$326,233 — $221,287
OFFICERS.— Chairman Exec. Comm. A Board, H. II. Porter, Chicago;
Pres., W. J. Jackson, Chicago; V.-Ps., O. S. Lyford, Chicago, and Alvin W .
Krech, N . Y .; Sec., J. S. Ford, Chicago.— (V. 96, p. 1555, 1700.)
CHICAGO & ERIE RR.— (See M a p Erie R R .) — Owns from Marlon, O,;
to Hammond, Ind., 249 miles, and leases trackage over Chicago A West Ind.
to Chicago, 20 miles. Erie R R . Co. owns entire $100,000 stock.
BONDS.— The first mortgage (trustees. Central Trust Co. and Bdward
Daniels) covers 249 miles of road, the contract with the Chicago & Western
Indiana, $1,000,000 of that company’s stock and $240,000 stock of Chicago
Belt R y. See abstracts. V. 51, p. 911; V. 61, p. 750.
EARNINGS.— 10 mos.,| 1912-13_____ Gross, $4,609,593; net, $41,204
July 1 to April 30. (1911-12.......... Gross, 4,367,626; net, 425,700
For year ending June 30 1912, gross, $5,271,096; net, $590,970; other
Inc., .$87,434; Int., taxes, Ac., $1,851,653; improv’ ts, $137,032; bal., def.,
$1,310,281. In 1910-11, gross, $5,293,762; net. $957,906.
CHICAGO GREAT WESTERN RR.— Forms the “ Corn Belt” route,
radiating from Oelwein, Iowa, northerly to St. Paul, easterly to Chicago
and southerly and westerly to Kansas City and Omaha.
Lines owned (total, 756 miles). M iles.
Operated under agreement,
M iles.
Chicago to St. Paul------------------- 4 0 0 Mason CyA Ft.Dodge,386 m.,vlz.:
Oelwein to St. Joseph__________ 290
Oelwein, la ., to Coun’ l Bl'ffs. 259
Bee Creek to B ev erly .............
23
Hayfleld,MInn.,to Clarlon.Ia. 100
Sumner to W averly..................
22
Branches to Lehigh and Coal
Mantorvllle and Cedar Falls,
ville, Iowa_______________
19
branches_____________________ 1 4
Sycamore Branch------------------g
Trackage—
Leavenworth to Kansas City____ l Council Bluffs, la ., to So. Oma
Trackage (total, 77 miles)—
8
ha, Neb____________________
St. Paul to Minneapolis_________ n Wls.Minn. A Pac.R R.,277 miles,
Chicago Terminals......................... 1 0
Mankato to Red Wing. Minn.
96
Galena Jet., 111., to Dubuque, la . 14
Red Wing to Osage, la ------- 118
Des Moines Terminals................... 3 Winona to Simpson, Minn__
64
Leavenworth to Kansas City.........25
Branch to Clay Banks, Minn.
3
St. Joseph, Mo., to Bee Creek__ 9
Goodhue to Belle Chester.__
0
Other trackage.......... ............
5
Grand total embraced In earnings June 30 1912__________________ 1,490
ORGANIZATION, Ac.— A consolidation In July 1875; since merged
Chicago Burlington & Northern, Kansas City St. Joseph A Council Bluffs,
Hannibal A St. Joseph, Burlington A Missouri, Ac., Ac.
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.
DIVS. 1 '98. ’99 to S e p t.'01. ’02 to J u ly ’07. O c t.'07. ’08 to Juno 1913.
P ercen t? 5)4
6 yearly.
7 yearly.
8
8 y’ly (quar)
BONDS — In April 1909 the holders of bonds of various Issues (marked
•*x” 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 auth. Issue, Interest not
to exceed 5%)are a first lien on about 3,401 miles of road, and on retirement
of the outstanding underlying bonds, for which bonds are reserved as below
noted, will be a first lien on the entire mileage owned, aggregating 8,599
miles. The generals have been Issued or arc Issuable as follows (see V.
86, p. 1342, 1466: V. 88, p. 504, 685: V. 92, p. 525: V. 96, p. 789.
To retire outstanding bonds (incl. $17,428,300 In sink, fds.)-.$177,000,000
Issuable for reimbursing the treasury for outlays already made
by It for betterments and additions ($22,000,000 sold)------ 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 whloh $13,724,000 were
used to purchase $23,657,000 Colorado A Southern common stock, and In
Feb. 1911, 88,000,000, and in Mar. 1913 $5,000,000. V. 88, p. 685:
V. 92, p. 525: V. 96, p. 789.
The Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth, on the Missouri River, 270 miles, and on
621 miles of branches and 86 miles of second track. These bonds have a
sinking fund of 1 )4% ($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 ‘ sha 1
not exceed In the aggregate 900 miles,” at $16,000 per mile; on second track
BdThe°Nebraska ^xfension bonds of i887 are Issued at $20,000 per mile for
single and $10,000 per mile for second track on not exceeding 1,500 miles.
Now a direct first lien. Abstract of deed, V. 4o, p. 441; V. 85, p. 7-1.
Burlington A M issouri R R . in Nebraska consol, mtge. of 1878 Is now a
1st M. or 1st coll, lien: bonds subject to call for the sink, fund at par.
EARN ING S.— 10 mos.,f 1912-13-Gross, $79,583,138; net, 828,412,320
July 1 to April 30. \1911-12-Gross, 73,188,167; net, 24,465,858
ANNUAL R E PO RT.— Fiscal year ends June 30. Report for 1911-12
was in V. 95, p. 1197, 1214 (see also editorial, p. 1245), showing results:
1911-12.
1910-11.
1909-10.
Average m iles______________________
9,074
9 ,072
9,023
F r e ig h t.............
$57,740,418 $58,033,243 $58,224,537
P assenger.............
21,083,419 22,552,567 22,380,305
Mall and miscellaneous____________ 7,999,231
7,686,398 7,264,675
Gross earnings................................ $86,723,068 $88,272,208 $87,869,517
Operating ineomo after taxes_______ $22,650,360 $25,574,069 $21,723,533
Other in c o m e .-..................................
2.151,044
2,174,699
2,523,694
BONDS
R A IL W A Y STO C K S A N D
J une , 1913.]
30
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N I E S
[For abbreviations, A c ., see notes on first page]
M iles Date
Road Bonds
Chicago & Eastern Illinois (Concluded)—
C & E I Eq bonds Ser F 5220,000 s-a (V 82 p 750). Ba
1906
do Series G due 5124,000 s-a (V86 p 1284)-Ba
1907
E & T H equip bonds Series B due 520,000 s-a.-B a
1905
do*
Series C due 560,000 s-a (V 82, p 627) - . Ba
1906
do
Series H duo 8166,000 or 8165,000______
1912
Chicago & Erie— 1st M g int guar till prln pakl-.Ce.c
249 1890
Income bonds lor 510,000,000 5% non-cum.........N
249 1890
Terminal flrst mortgage gold
1888
Chicago & Grand Trunk— See Grand Trunk West Ry
Chicago Great Western— Common stock 546,000,000
Pref (p & d) 4% cum red 550,000,000 auth...........
First mortgage gold 575,000,000_______ G.xc*&r
756 1909
Minneapolis Terminal mortgage gold assumed
1900
Chicago & Great Western— See Balt & O Chicago Ter RR
Chicago Hammond & Western— See Indiana Harbor Belt R R
1911
Chic HgtsTerm Transf— 1st M 51,000,000 g red 105 s 1
26 1906
Chicago & 111 Mid— 1st M 55,000,000 g red text.IC.o*
1910
Debentures gold 51,000,000 authorized___________
Chicago & III W— Genlnew lst)M g gu red par.CC.xc
1907
Chicago & Indiana Coal— See Chicago & Eastern 111
203 1900
Chic Ind & So— Ind 111 & la 1st M 512,000,000 g . IC.o
329 1906
Consol mtge 520,000,000 gold gu p & l-_G,xo*& r.
Chicago Indianapolis & Louisville— Common S tock ..
PreZerred 4% non-cumulatlve 55,000,000 ________
C l & L re f (now 1st) mort 515,000,000 g o l d ------Ce
509 1897
509 1897
do
do
gold 6s Issued Zor old consols----509 1910
do
do
Ser C___________________________
Indiana Stone RR flrst mortgage guaranteed--------Indlanap & Loulsv 1st M 56.000.000 gold gu__ G.c*
‘ 60 1906
Monon Coal Co 1st M g Int gu s I red 110------Ba c*
1911
Equip bonds Ser A g due part semi-annually--------1911
do
do Ser B due 537,000 or 538,000 s-a__
1911
Chicago Indianapolis & St Louis Short Line— See Cle veland Cincln
Chicago Junction RR— 1st M 52,327,000 g red 105..O*
1905
Chicago Kalamazoo & Saginaw— 1st M 52,000,000 g G
‘ 55 1909
Chicago Lake Shore & East— 1st M g gu red text__xc*
1909
Chic Mem & G u lf— 1st M g red 105------Ba.c*&r
'52 1910
Equip notes duo $5,000 yrly for 3 yrs, then $6,0001911
Chi Milw & Gary— 1st M g red 105 beg. 1918 SSt.xo
1908
a Of whloh 5125,000 In treasury Juno 30 1912
Par
Value
Amount
Outstanding
Rate
%
When
Payable
$1,000 $1,320,000
1,000
1.116,000
1,000
80,000
1,000
360.000
1,000 3,144,000
1.000 12.000.000
1,000 &c 10,000,000
300,000
4H g F
5g A
4H g F
4H g F
5
M
5g M
r
5 g
J
100 45,246.913
100 41,021,402
$• £ & fr. 22,500,000
1,000
500,000
4 g
3 k
100 Ao
1,000
1.000
550.000
780,000
220,000
815,000
6
5
5
6
g
g
g
g
1.000 4,850,000
4g J
1,000 &c 15,150,000
4g J
100 10,500,000 3 M In ’ 12 J
100 5,000,000 4 in 1912 .1
1,000 . 5,000,000
5g J
1.000 4,700.000
6g J
1,000 5,300,000
4 g ,T
1,000 In treasury
5g
M
1,000 a l.650,000
4g J
1,000
2,750,000
5g J
1,000
341,000
4H g M
1,000
638,000
4M A
natl Chic ago A St Lo uls
1.000 2,327,000
4g M
1,000 &c
1,268.000
4g J
1.000 9.000,000
4 gJ
1,000
735,000
5g J
47,000
5
1,000 5.770,000
6g A
Last Dividend
and Maturity
& A Aug
O Oct
A Aug
A Aug
S Sept
N May
Oct
A
J July
&
&
&
A
A
M &
gJ A
J
F
J
J
[Vol. XCVI.
&
&
&
&
’ 13-Feb
’ 13-Oct
’ 13-Feb
’ 13-Feb
1 1922
1 1982
1 1982
1 1918
Places Where Interest and
Dividends are Payable
'16 Blair & Co, New York
’ 17 Bankers’ Trust Co. N Y
’ 15
’ 16
N Y and Com Tr Co,Phil
Erie Railroad, New York
Erie Railroad, New York
S Sept 1 1959
J Jan 1 1950
J P Morgan & Co
Bank of Montreal, N Y
J
A
D
J
Northern Trust Co, Chic
Chase Nat 15k, N Y or Chi
Jan 1 1931
Feb 1 1956
1917
July 1 1947
Con&ComTr&SavBk, Ch
A
A
A
J July 1 1950
J Jan 1 1956
D June 27 ’ 13 1 %
& 1) Juno 2 7 ’ 13 2%
& J July 1 1947
A
J July 1 1947
& J July 1 1947
& S Sept 1 1948
& J Jan 1 1956
A 1) June 1 1936
& s To Mch 15 1921
*0 1 5 To Oct 15 1921
Lincoln Nat Bank, N Y
Treas Grand Cent Stat’n
J P Morgan & Co, N Y
do
do
do
do
do
do
do
do
New York
Guaranty Trust Co. N Y
New York
Equitable Trust Co. NY
Bankers Trust Co, N Y
s Mch 1 1945
J July 1 1959
D June 1 1969
J Jan 1 1940
T o Julv 1 1921
& O Apr 1 1948
Harris Forbes A Co Chic
Guaranty Trust Co. N Y
71 Broadway. New York
Bankers Trust Co, N Y
&
&
A
A
St Louis Union Trust Co
The entire capital stocks of the Mason City & Fort Dodge R R . Co. and
the Wisconsin Minnesota & Pacific R R . Co. are owned and their roads oper
ated under agreement. See those companies. In 1910 acquired entire
stock of Leavenworth (Kan.) Term. Ry. & Bridge Co V. 91, p. 214. 397
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 & Co., reorganization managers, V. 89. p. 528, 592. The
plan provided 59.892,274 for improvements and equipment. Holders of
old prof* B and common stock participating paid assessments of 515 per sh.
STOCK.— The pref. stock (550,000,000 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 the com. stock,and also to a preference as to principal
and accrued dlvs. In case of dissolution or liquidation.
Voting Trust. — Until Sept. 1914 J. Plerpont Morgan, George F. Baker
and Robert Fleming, voting trustees.
BONDS.— Of new flrst 4s, 518,500,000 were sold to the syndicate and the
remaining 59.500,000 of the 528,000,000 present Issue, of which 54,000,000
have been sold, were reserved Zor additions and betterments as required,
say within the next two or three years. Of the bonds, 518,232,000 are re
served to retire the 1st mtge. bonds of the Mason City & Ft. Dodge and
Wise. Minn. & Pao. (512,000,000 and 56,232,000, respectively), and the
remainder for new property, betterments and equipment. V. 89, p. 1482;
V. 90, p. 53; V. 91, p. 1160; V. 92, p. 1031. Funded debt per mile of com
pany and proprietary lines June 30 1912, 529.210.
EARN ING S.— 10 m os.,/1912-13____Gross, $11,648,530; net, $3,165,764
July 1 to Apr. 30.
11911-12____Gross, 10,689.950; net, 2,390,720
Sur. after charges, $1,074,216 in 10 mos., agst. $206,844 .| Seo V.95, p.889.
RE PO RT.— Report for year ending June 30 1912, in V. 95, p. 1269.
1911-12.
1910-11.
1909-10.
Gross earnin gs-.....................................$12,795,242 $12,618,642 $12,074,743
Net (after taxes)____________________ $2,380,529 $2,793,527 $2,553,432
Other income.......................
126,570
114,911
194,939
CHICAGO INDIANAPOLIS & LOUISVILLE RY.— Operates the
Monon Route” from Chicago, 111., via Monon, Ind., to Indianapolis, Ind.,
and Louisville, K y „ with branches. Total June 30 1912, 617 miles, viz.:
Lines owned—
M iles.
Oper. under contract—
M iles.
Indiana State Line to IndlanChicago to Indiana State L in e.. 20
‘ apolis ............
162 New Albany to Louisville____ 7
New Albany to Michigan City__ 289 Connection to Indianapolis_____
2
Bedford to Swltz City___________ 40 Clear Creek to Harrodsb'g, Ind_. 9
Orleans to French Lick Springs.. 18 Swltz City to west of Linton__ 10
Wallace Jet. tdShlrlcy Hill & br. 60
A lease for 999 years with Chicago & Western Indiana (of whose stock this
oompany owns $1,000,000) gives entrance to Chicago on a mileage^ basis.
Owns one-third Interest In Ky. A Ind. Terminal RR. at Louisville, Ky,
Owns entire stock of Indianapolis A Louisville R R ., Walluco Jet., Ind.,
to Shirley Hill, 55 miles, and branch Vicksburg to Cass. 5 m., completed In
1907. Under supplemental lease dated May 10 1907, bonds are guar.,
prln. and Int. See “ Bonds” below. V. 82, p. 509; V. 83. p. 888. 1290:
V. 85. p. 920; V. 87. p. 809; V. 88, p. 99.
H ISTORY.—-Successor July 1 1897 of Louisville New Albany A Chicago,
foreclosed per plan in V. 63, p. 922. Suit settled, V. 75, p. 1031.
«v i
t*le Louisville A Nashville and Southern Ry. acquired 93%
°*
anc* 77% of $5,000,000 pref. stock, on the basis of $78
a 11 w p,er 5100share, respectively, In their Joint 50-year 4%-colIateral trust
gmd 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—
1 ’03. ’04. '05. ’06. ’07. ’08. 1909 to 1912.
1913.
On com since 1 9 0 2 % ./ 3 H 2H 3
3
3
3
3H yearly Ju ne.U i
BONDS.— Refunding mortgage covers road, equipment, &o. (Including
$1,000,000 stock of Ch. & W . Ind. and $240,000 stock of the Belt R y. of
Chicago); the remaining $2,300,000 of the $15,000,000 authorized being
sold April 1911 to take up $2,300,000 divisional bonds due Aug. 1911.
V. 9 0 . 1613; V. 91. p. 518, 1095; V. 92, p. 1031. 1700; V. 93, p. 44. V.94,
Total not Income__________________ $2,507,100
Int. on O. G. W. bon ds......................
$917,500
Int. on M . C. & Ft. D. bonds_______
480,000
Int. on W. M . & P. b o n d s .................
232,440
Other Int., rentals, &c______________
693,552
Indianapolis A Louisville guaranteed bonds, of which $1,525,000 sold In
Feb. 1906 for 60 miles of road: balance Issuable at $30,000 per mile. See
above; V. 82, p. 508: V. 83, p. 1290. Also guarantees Int. on $2,750,000
Monon Coal s. f. 1st M. 5s due June l 1936, redeemable at 110 ($3,000,000
authorized Issue). V. 93. p. 44. 697.
EARNINGS.— 10 m os..fl912-13--.G ross, $5,777,712; not, $1,569,250
July 1 to Apr. 30.
\1911-12---Gross, 5,431,650; net, 1,504,029
ANNUAL REPORT.— In V. 95. P. 1118. showed:
Year end. June 30—
1911-12.
1910-11.
1909-10.
Gross earnings................. $6,503,652 $6,186,878 $6,020,242
Net earnings................... 1,450,296
1.661.2T1'
Dividends, &o.. received
199,523
204,308
$2,908,438
$824,500
480,000
232,440
603,591
$2,748,371
$899,534
480,000
232,440
775,861
Total deductions...............................$2,323,491 $2,140,531 $2,387,835
$767,908
$360,536
Balance, surplus__________ ______ $183,609
OFFICERS.— Pres., S. M . Felton; V .-P ., Joseph W. Blabon; V.-P.
.T r a ffic ), Joseph W. Blabon; V.-P. (Operation), W. A. Garrett; Sec. and
Treas., J. F. Coykendall; Auditor, Con. F. Krebs. President’s office.
People’s Gas Bldg., Adams St. and Mich. Boul., Chicago, 111.
DIRECTORS.— Samuel At. Felton, John R . Morron, John A. Spoor,
Total net Incom e____$1,649,819 $1,865,579
A . A. Sprague 2d., Clydo M . Carr, C. H. Conover, E. N . Hurley, Chicago;
$732,300
$724,920
Charles Steele, Now York; E. F. Swinney, Kansas City; James S. Bell, Interest on bonds______
508.359
428.072
Minneapolis: F. Weyerhaeuser, St. Paul; E. O. Finkbino, Dos Moines; Rentals, &o .....................
Milton Tootlo Jr., St. Joseph.— (V. 95, p. 1122, 1269.)
Total ............................. $1,240,059 $1,152,992 $1,179,828 $1,154,207
CHICAGO & ILLINOIS MIDLAND RY.— Owns Auburn, 111., to Taylor- Surplus
end s...
$409,160 $712,587
$861,580
$502,886
vllle, 26 miles, of which 17 miles was opened Juno 1907. Stock authorized, Dividendforondivid
pref., 4 % .
200,000 200,000
200.000
200,000
52,000,000; outstanding, 51,000,000 (par of shares 5100), a majority being
owned by Illinois Midland Coal Interests. The 1st M 5s are subject to call Dividend on com m on.(3 H)341.250(3 H ) 341,250(3 H)341250 (3 H )328,250
OFFICERS.— Pres.. Fairfax Harrison: V .-P., Morton F. Plant, New
on terms to be flxed for the several Issues; the 5780,000 bonds Issued on
the flrst 26 miles may be called at 110 on any Interest day since Aug. 1 1910. York: E. O. Field, Chicago: Treas., Byron Cassell, 608 S. Dearborn St.,
Seo V. 82, p. 452. 803. Equip, trusts July 1912, 531,600. Year ending Chicago; Gen. Mgr., A. H. Westfall, Chicago: Seo., J. A. Hilton, 52 Broad
Juno 30 1912, gross, $106,532; net, $27,555; other income, $5,730; Int., way, N. Y. Directors— Fairfax Harrison, Chicago; W . W . Finley, Wash
taxes, &c., $94,013; bal., def., $60,728. In 1910-11, gross, $95,235; net, ington, D. C.; Chas. Steele, R . M. Callaway. Morton F. Plant, Hqnry
Walters, Adrian Iselln Jr., John I. Waterbury, New York; E. C. Field, F. A.
$28,997; other income, $11,641.— (V. 93, p. 1599.)
CHICAGO & ILLINOIS WESTERN RR.— To extend from Western Avc , Delano, Chicago; Samuel T. Murdock. Lafayette, Ind.— (V. 95, p. 1118.)
CHICAGO JUNCTION RR.— An elevated road, 3.61 miles of track
Chicago, southwesterly to Joliet, 111., with branches, a total of 54 miles, of
which 22 miles in operation. Extension proposed Gary to Joliet. V. 83, (opened April 1908), extending from Junction with South Side Elevated R R .
p. 491. Stock, 51,000,000. as increased Aug. 1907; par, 5100. Of the at 40th St. to the Stock Yards. Leased to South Side Elevated for 50 years
gen. 6s of 1907 ($4,000,000 auth. Issue), $815,000 were outstanding In (with right to purchase at cost within 20 years) at a rental covering bond
July 1912, guar. prln. & Int. by Dolese * Shepard Co., Chicago; equlpt Interest and all expenses. Capital stock, $50,000. Bonds are guaranteed,
trusts, $133,117. V. 86, p. 107; V. 88, p. 685. For year ending June 30 1912, prln. and Int., by Chicago Junction Rys. A Union Stook Yards Co.; they
gross, $116,437; net, $4,190; other income, $16,973; int., rentals and are subject to call at 105 after 1910. Form of guaranty, V. 82, p. 568.
taxes, $79,784; bal., def., $58,621. In 1910-11, gross, $158,030; not, — (V. 85, p. 792; V. 87, p. 346.)
other income, $116. Pres., W . E. Phillips. Offico, 184 La Sallo
t 15,681;
CHICAGO JUNCTION RAILW AY.— Owns Inner lino within the Chicago
t., Chicago, 111.— (V. 88, p. 685.)
Union Stock Yards district, 11.81 miles, side and Industrial tracks, 118.58m.
CHICAGO INDIANA & EASTERN RY.— Owns Converse, Ind., to
In June 1907 the Vanderbilt (New York Central) Interests arranged to
Muacle, 43 miles. In May 1907 the Pennsylvania Co. acquired all the se acquire the outer belt line, assuming tho $2 ,5 0 0 , 0 0 0 outstanding bonds,
curities, the road being operated as part of tne Pitts. Cln. Chic. & St. Louis. leaving the property free of liens. V. 85, p. 159. 792.
V. 84, p. 1181, 930. For cal. year 1912, gross, $91,933: op. def., $17,526;
CHICAGO KALAMAZOO & SAGINAW RY.— Owns 55 m.. Pavilion to
other Income, $80: charges,;.$35,465; bal., def., $52,912.— (V. 84, p. 350.)
Mich. In Sent. 1910 leased to Grand Trunk system the 11 m.
CHICAGO INDIANA & SOUTHERN RR. — (See M a p s N . Y . Cent. A Woodbury,
from Kalamazoo to Pavilion.
H ud. R io. R R .)— Owns from South Bend, Ind., to Seatonvllle, III., 192 m.
Stock, com., $2,000,000: out., $450,000; par of shares, $100. Mich.
(former Ind. 111. & Iowa R R .); Danville, 111., to Indiana Harbor, Ind.,
109 m.; branches, 20 m.; trackage, 28 m.; leases, 8 m.; total. 359 m. Also Central owns $270,000 stock and $761,000 bonds and Lake Shore $180,000
and $507,000 bonds. V. 90, p. 708. Year ending Dec. 3l 1912,
owns 10 m. leased to other companies. A consolidation April 1906 of the stock
$207,672; net, after taxes, $72,852; other incomo, $7,576; int., hiro
Ind. 111. & Iowa, &c. V. 82, p. 803, 867. Stock, $20,000,000, of which gross,
of
equip.,
&c., $61,625; bal., sur., $18,803. Pros., H.B. Ledyard, Detroit;
Ind. 111. & Iowa, &c. V. 82, p. 803, 867. Stock, $2,0000,000, of which Sec., F. O.
Waldo, Treas.,
- . — (V. 84, p. 50; V. 92, p. 1178;
$5,000,000 is 4% cum. pref., all owned by Lako Shore & Mich. Sou.
V. 94, p. 1185; V. 96, p. 1228.)
BONDS.— Of the 4s of 1906, guar, by Lake Shore & Mich. Sou., $4,850,
CHICAGO LAKE SHORE & EASTERN RY.— Embraces 485 miles of
000 are reserved to retire the 4s due 1950. V. 86, p. 980, 1223.
Jointly with four other roads covenants to pay the N. Y. Central lines track, connecting the various works of tho Illinolfl Steel Co. and Indiana
equip, trusts o f 1907, 1910 and 1912, tho company’s share of equip, trust Steel Co. at Chloago, Joliet, Milwaukee and Gary with diverging trunk lines,
obligations leased being Dec. 31 1912, $2,519,984, $1,420,126 and $194,281. and also with steamship lines, stone Quarries, Industrial establishments,
respectively. V. 85, p. 1401; V. 86, p. 168; V. 90, p. 1677. Loans and &c.; also reaches the coal fields of 111. and Ind., and Joliet, 111., handling be
tween South Chicago and these points a largo traffic for 111. Steel Co. Stock,
bills payable, Dec. 31 1912, $2,945,469.
$9,000,000, being Increased from $2,760,000 In Juno 1909; all owned by
EARN ING S.— 4 m os.,11913.............. Gross, $1,466,650; net, $275,255
the Illinois Steel Co., and so by tho United States Steel Corp., which, with
Jan. 1 to Apr. 30.
(1912...............Gross, 1,410,685; net, 229,984
the Elgin Joliet & Eastern, guar, the bonds, prln. and Int., by endorsement.
REPO RT.— Report for year ending Dec. 31 1912, in V. 96, p. 1222. Tho last named leases tho road for 60 years from Juno 1 1909, rental cover
showed: Gross, $4,235,820; operating income, $710,707; othor incomo ing all charges and dlvs. on stock, dependent on earnings. Sea V. 90, p.
$631,011; charges, $1,283,934; bal., sur., $57.784.— (V. 96, p. 789, 1222.)
108. Dlvs. paid In 1909, 10%; In 1910, 5% : in 1911. 5% and 2% extra.
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RAILWAY STOCKS AND BONDS
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RAILWAY STOCKS AND BONDS
32
R A IL R O A D C O M P A N IE S
[F o r a b b rev ia tio n s, A c . , se e n o tes o n fi r s t p a o e]
C hicago Milwaukee & St Paul— Com stock (see t e x t ).
Preferred stock 7 % yearly not cum *124,654,400-.
Lacrosse & D avenport Div first m tg e, . . _.F .c*
W ise Val Div 1st M sink fund not d ra w n .-N B .c*
D ub D iv 1st M sinking fund not d ra w n ..N B .c*
Ohio & Pao W estern Div 1st M (see text) g old .F .c*
Chicago & Lake Superior Div 1st M gold ____ F.c*
W ise & Minn Div 1st M g -------------------- ------------------F
Fargo & Southern first mtge gold assumed_____ . .
Ohio Milw & St P Terminal m ortgage gold ____F.c*
D akota & Great Southern first mortgage gold ____F
Chicago & Missouri R iver Div first m ortg a g e..F .c*
Gen M (for *150,000,000) gold Series A ..U s ,c * A r
do
do
Series A registered______
do
do
Series B _______________o*
do
do
Series B registered-_____
4*
do
do
gold _____ _________c A ,
Milw & Nor 1st M Schwartz to Gr Bay ext 1 9 1 3 ..o*
C onsol m tge extended 1913 (V 96, p 1364)— c*
Debentures *50,000,000 auth g o ld ______ F .x c ’ Ar*
Debentures 250,000,000 francs a u th orized ..U sm .x
Convertible debs *50,000.000 g text . -U sx c.c*A r*
Ch Mil A Pug Sd 1st M *200.000,000 ass U sxc*Ar*
Pug Sd & W ill Harb R y tr ctfs g gu p&i redl0214U sr
Chicago & N W— Com stock *177,604,880 auth____ Tr
Preferred stock (not cumulative) see te x t_____ . -Tr
Chic A N W con s f M ($12,900,000) not drawn F.o*
M ile s
R oad
185
161
351
1,117
68
230
119
159
77
6,315
6,315
6,315
6.315
6,315
128
421
2,197
_
7,390
7,390
788
150
140
Northw Union 1st M g Milw to F on d -d u -L a o.F .c*
175
W inona & St Peter 1st M ext g land gr s f assumF.o*
413
Milw Lake Shore & W cons M (now 1st) g o ld -.C e .o *
82
Michigan Div 1st M (for *3,000,000) g o ld -.-C c .o *
40
Ashland Division first m ortgage g o ld ----------Ce.o*
693
E xt & Im p M for *5,000,000 g s f not draw n.C e.o*
40
Marsh E xt 1st M *600,000 ($15,000 p m )-~U n .o*
0 & N W s f bds o f ’79 ($15,000 p m) red at 105 F.c Ar 1,041
___
Chicago & North WesternUO-year d eb en .U n .c* Ar
___
Extension 4s *20.000.000 ($20,000 p m) . . U n.cAr
a Also July 1912 additional gen m tge bonds In treasury and n
x C
Also in sinking fund July 1912: d *135,000.
D a te
B onds
*100
100
1,000
1879
1,000
1880
1,000
1880
1,000
1881
1,000
1881
*1,000
1881
1,000
1883
1,000
1884
1,000
1886
1,000
1886
1,000\
1889
1,000/
1899
1,0001
1889
1.000/
1899
1,000
1913
1,000
1880
1,000
1884
1909 1,000 Ac
1910 500 fr &c
100 Ac
1912
1,000
1909
____
100
___
100
____
100
1865
1,000
1866
500 Ac
1872
500 Ac
1871
100 Ac
1881
1,000
1884
1,000
1885
1,000
1889
1,000
1892
1.000
1879 1,000 Ac
1891 1,000 Ac
1891 1,000 Ac
1886 1,000 Ac
ot Ilste d (see te
oupon bonds J
B o n d s are red ee m ab le In w h o le or In p art fro m D e o . 1 1 9 1 9 a t 1 1 0 an d In t.;
th e y are lim ite d to J 2 0 . 0 0 0 .0 0 0 an d fu rth er Issues o f b on d s b e y o n d th e
* 9 , 0 0 0 ,0 0 0 n ow o u tsta n d in g can b e m a d e o n ly for 5 0 % o f c o st o f p r o p e r ty ,
V . 8 8 . p . 1 3 7 2 ; V . 8 9 . p . 2 2 4 , 1 4 1 0 .— ( V . 9 0 . P . 1 1 7 0 ; V . 9 1 , p . 1 4 4 0 .)
C H I C A G O M E M P H I S & G U L F R R . — Ownsi D y e r a b u r g ,V T e n n
to
H ic k m a n , T e n n ., 5 2 m ile s.
S to c k , c o m m o n , * 3 0 0 .0 0 0 ; 6 % c u m . p r e f.,
$ 1 5 0 ,0 0 0 , a ll acqu ired In F e b . 1 9 1 3 b y Illin ois C e n tr a l R R .
V . 96, p. 716.
A d iv id en d o f 8 % w as p aid fr o m th e earn ings o f 1 9 1 0 -1 1 an d cred ited
tow ard s p a y m e n t o f p r e f. s t o c k .
D i v s . on p r o f., 1 H % O c t. 1 1 9 1 1 ;
19 lTo’nds/o ($ 1 0 ,0 0 0 ,0 0 0 a u th .) o u tsta n d in g F e b . 1 9 1 3 , $ 7 3 5 ,0 0 0 ; reserved
for term in a ls, <Sco., * 1 ,7 5 0 ,0 0 0 , a n d rem ain in g * 7 ,5 1 5 ,0 0 0 a t n ot to ex ce ed
8 5 % o f cost o f n ew co n stru c tio n , n or over $ 2 0 ,0 0 0 p er m ile m ain line. \ . JO,
p . 10 8. 30 2; V . 9 1 , p. 153.
F o r y e a r en d ing J uno 3 0 1 9 1 2 , g ross, $ 2 0 0 ,2 0 0 ,
n e t , $ 7 0 ,3 8 8 .
In 1 9 1 0 -1 1 (3 8 m iles) .g r o s s , $ 1 7 5 ,5 0 8 ; n e t, $ 7 4 ,8 1 1 ; in t . and
ta x e s, $ 2 6 ,1 2 7 ; d iv . on c o m . ( 8 % ) . $ 2 4 ,0 0 0 ; b a l., s u r .. $ 2 4 ,6 8 4 .— ( V . 9 0 ,
p . 4 1 9 .)
CHICAGO M I L W A U K E E A G A R Y R A I L W A Y . — T h is r o a d , w hen
c o m p le te d , w ill fo rm an o u ter b e lt line 2 6 7 m iles in le n g th , e x te n d in g from
M ilw a u k ee. W I s ., t o G a r y , I n d ., co n n ec tin g w ith all o f th e 3 2 m ain tru n k
lines en terin g C h ic a g o .
O f th is, R o c k fo r d , 111., to D e lm a r , 1 2 5 m iles.
In cluding E lg in J oliet & E astern tra ck a g e b etw een A u r o r a an d J o lie t, 2 2
m iles, w as In op eration In J u ly 1 9 1 2 .
In M arch 1 9 0 9 Interests represented
b y the S t . L ou is U n ion T r u st C o . acqu ired practical c o n tr o l.
V . 88, p. 685.
S to c k a u th o rize d , $ 1 0 ,0 0 0 ,0 0 0 ; o u tsta n d in g , * 5 ,5 0 0 ,0 0 0 ; p a r , * 1 0 0 .
B O N D S .— O n A p ril 1 1 9 0 8 a m o rtg a g e w as ex ec u ted to th e S t . L o u is
U n ion T r u st C o . an d Illin ois S ta te T r u st C o . o f S t . L o u is, as t r u s te e s ,to
seoure an issue o f * 2 0 ,0 0 0 ,0 0 0 o f 4 0 -y e a r 5 % b o n d s, o f w hich * 5 ,7 7 0 ,0 0 0
h a v e been Issued to acqu ire th e p rop e rty of th e Illin ois Io w a & M in n e sota
an d su b sid iary c o m p a n ie s. Im p ro v e m e n ts and e q u ip m e n t, th e rem ain in g
* 1 4 ,2 3 0 ,0 0 0 bon d s b ein g reserved for ex ten sion s to G a ry an d M ilw a u k ee,
e q u ip m e n t, term in a ls, ele v a to r s, coal d ock s an d facilities a t G a ry an d M il
w au k e e, o f w hich a b o u t * 1 0 . 0 0 0 .0 0 0 to b e used a t p resen t to c o m p le te the
lin e.
V . 8 6 , p . 980; V . 8 8 , p. 685.
L o a n s a n d b ills p a y a b lo J uno 3 0 1 9 1 2 ,
$ 3 2 8 ,6 4 0 ; e q u ip t. tru sts, $ 1 3 2 ,3 0 3 .
F or year e n d . J un e 3 0 1 9 1 2 , g ross,
$ 3 9 5 2 7 4 - n e t . $ 1 5 ,3 2 1 : in t ., ta x e s, & c ., $ 1 8 6 ,3 5 9 ; b a l., d e f ., $ 1 7 1 ,0 3 8 . P res.
A lb e r t T . P erk in s, care S t.L o u is U n io n T r u s t C o . , S t . L o u is.— ( V .8 8 ,p .6 8 5 .)
C H I C A G O M I L W A U K E E & S T . P A U L R Y . — (See M a p . ) — O p erates
fr o m C h ic a g o w esterly to S ea ttlo an d T a c o m a , W a s h ., w ith n u m erou s b r s .:
Miles
Road—
I
Road—
M iley,
S econ d and third tra c k s __________ 611
L in es ow n ed Ju n e 3 0 1 9 1 2 (of
w hich 3 0 m . ow n ed J o in tly )- . 7 , 2 9 6 1T ra c k a g e (Including 2 d t r a c k s ) ..2 1 5
H I S T O R Y , A c .— O r g . M a y 5 1 8 6 3 and on F e b .11 1 8 7 4 to o k p resen t n am e
C h ic a g o M ilw a u k e e & P u g e t S ou n d R y . (see m a p ) , form in g P acific
ex te n sio n , w as acqu ired in fee J a n . 1 1 9 1 3 , its b on d e d d e b t b ein g a ssu m ed
a n d th e sto c k ( $ 100 , 0 0 0 , 0 0 0 ) h eld a liv e m e rely as a m u n im e n t o f t itle .
V.
9 6 , p . 6 2 ; V . 9 5 , p . 1 6 8 3 . T h e r o a d , w hich w as op en ed A u g . 1 1 9 0 9 , n ow
ex te n d s fro m M o b r id g o , S . D . , to S ea ttlo an d T a c o m a , 1 ,4 0 1 m ile s, in c l. 2 8
m iles fr o m B la c k R iv er to T a c o m a , o w n ed jo in tly ; b ranches c o m p le te d J u ly
1 9 1 2 , 5 4 6 m ile s; b ranches u n d er c o n stru c tio n , 2 5 0 m .; to ta l u nder C h ic .
M i l w . A P . S . m t g e , 2 ,1 9 7 m ile s.
O th e r lines used J ointly, 3 9 m ile s; u sed
u n d er c o n tr a c t, 7 3 m .
T h e line fr o m S p o k a n e to M a r e n g o , W a s h ., 6 5 m ile s,
b ein g b u ilt b y O r e .-W a s h . R R . & N a v . C o . , w ill b e used jo in tly .
A c o n tr a ct w as le t in N o v . 1 9 1 2 for b ran ch fr o m G r e a t F a lls , M o n t . , to
A g a w a m , a b o u t 6 5 m ile s.
In J a n . 1 9 1 3 It w as arranged t o electrify tho
C h ic M i lw . & P u g e t S o u n d d ivision b etw een H a r lo w to n , M o n t . , an d
A v e r y , I d a ., to b e c o m p le te d In a b o u t 3 y e a rs.
Y . 96, p . 135.
In M c h .
1 9 1 2 acqu ired th e B e llin g h a m B a y & B ritish C o lu m b ia R y . , B e llin g h a m ,
W a s h ., to G la c ie r , B . C . , 4 4 m . , w ith b ran ch e s, 5 m .
V . 94, p. 767.
A ls o
ow n s a ll sto c k o f T a c o m a E a ste r n R R . , T a c o m a to M o r t o n , w ith b ran ch e s,
9 2 m ile s.
V .9 1 ,p .6 5 1 .
T h e so are o p erated in d e p e n d e n tly .
In J u ly 19 11
acqu ired 2 0 % o f sto ck o f In d ian a H a rb o r B e lt R R .
I n 1 9 12 b egan now
th rou gh p assen ger train arran g em en t w ith U n io n P a c ific . V . 9 4 , p . 6 9 7 .
C A P I T A L S T O C K .— T h e p ref. sto ck h as a prior righ t over th e c o m . sto ck
t o a d ivid en d of n o t over 7 % from n et earn ings In each ye ar, b u t If n o t
earned It has n o c u m u la tiv e rig h t.
A fte r 7 % on c o m ., b oth share 'Vro ra ta .
In D e ce m b er 1 9 0 6 th e stock h o lders su bscrib ed pro ra ta for * 6 6 ,2 1 4 ,4 0 0
p r e f. an d * 3 3 ,2 4 1 ,1 0 0 c o m . sto ck a t p a r ,
V . 8 3 , p . 1523; V . 8 4 ,p . 5 0 ,1 0 1 .
1
’ 9 4 . ’ 9 5 . ’ 9 6 . ’ 9 7 -’ 0 0 . '0 1 . ’ 0 2 - ’ l l . ’ 1 2 . 1 9 1 3 .
4
2
4
5 y ’ ly
6 7 y ’ ly 5
2 1 4 ,—
7
7
7
7 y ’ly
7 7 v ’ ly
7
3—
B O N D S .— A b s tr a c ts older m t g e s ., V . 4 5 , p . 1 1 4 . 1 4 4 , 2 1 2 ; V . 4 8 , P- 8 3 0 .
T h e general mortgage o f 1 8 8 9 (seo a b s t r a c t in V . 4 8 , p . 8 3 0 ; V .9 6 , n . 1 0 8 8 ,
1 1 5 6 ) is for $ 1 5 0 ,0 0 0 ,0 0 0 to th e U n ite d S ta tes T r u s t C o . o f N o w Y o r k , as
tru stee,a n d covers th e entire r a ilw ay p rop e rty an d franchises o f th e c o m p a n y
(therein d esc rib e d ), su b je c t to p rior lien s, w hich are paid as th e y m a tu r e .
In A p r il 1 9 1 3 g e n . m t g e . bon d s were Issued or reserved as fo llo w s :
A m t . In h and s o f tho p ub lic ( V . 8 9 , p . 1 2 7 9 , 1 5 4 1 , 1 5 9 6 , 1667 ) - . * 8 7 , 7 9 1 , 0 0 0
I n tre a su ry of th e c o m p a n y (u n so ld )__________________________________
9 ,8 5 2 ,0 0 0
D I V S . sin ce 1 8 9 3 —
On o o m m o n ____________% 1
On _preferred ____________ % J
T o t a l rep orted b y th e c o m p a n y as o u tsta n d in g ------------------------- * 9 7 ,6 1 3 ,0 0 0
R e serv e d for prior lien s________________________________________________ 5 2 ,3 5 7 ,0 0 0
T o t a l a u th o rize d ______________________________________________________* 1 5 0 .0 0 0 .0 0 0
In 1 9 0 9 $ 2 8 ,0 0 0 ,0 0 0 o f an au th orized Issue o f * 5 0 .0 0 0 ,0 0 0 4 % 2 5 -y e a r
deben tu res were so ld .
T h e y are to be Included In a n y n ew m t g e .
V. 88,
D? 1 5 5 9 ; V . 8 9 , p . 1 2 2 3 . 1 3 4 6 .
I n M a y 1 9 1 0 sold to a group o f French b an k s 2 5 0 ,0 0 0 ,0 0 0 francs 1 5 -y e a r
4 % d e b s.
T h e y aro to be secured b y a n y now m t g e . V . 9 0 , p . 1 4 2 4 , 1 4 8 9 ,
* JT h e \ :o n v ’e r tib lo ’ 4 H % d eben tu res o f 1 9 1 2 , o f w hich $ 3 4 ,8 9 3 ,5 0 0 wero
o ffere d to sto ck h o ld e rs a t p a r, p a y a b le M a y 31 1 9 1 2 , an d $ 1 3 ,9 5 7 ,4 0 0 p a y
a b le F o b 2 8 1 9 1 3 (b o th issues bein g u n d erw ritten ), are p a rt o f an au th orize d
issu e lim ite d to $ 5 0 ,0 0 0 ,0 0 0 , w ith in terest n o t to exceed 5 % . H T h o y w ill be
A m ount
O u tsta n d in g
Par
V a lu e
R a te
%
*116348200 5 in 1912
7
116,274.900
5
2,500.000
1,853,000
6
4,784.000
6
25,340.000
5 g
1,360,000
5 g
4,755,000
5 g
1,250,000
6 g
4,748.000
5 g
2,850,000
5 g
3.083,000
5
a48.841,000 J 4 g
1 4 g
a8,950,000
3x e
\ 3H g
30,000,000
414 g
2.155.000
414
5,092.000
414
28.050,000
4 g
4
48.176.655
48,850,900
4 /4 g
s26,095,000
4
2,999,500
5g
130,114,500 7 In 1912
22,395.000 8 in 1912
12,832,000
7
7
2,332,000
d3.365.000
7 g
7 g
k4 ,038,500
5.000,000
6 g
1.281,000
6 g
1,000,000
6 g
4.148.000
5 g
400,000
5
11,239,000 5 A 0
9,695,000
5
g9 ,819,000
5
h i 7,070,000
4
xt). s$147. 446,410
A J; register ed
Q—
W h en
P a y a b le
M
M
J
J
J
J
J
J
[ V o l . XCVI
L a s t D iv id e n d
an d M a tu rity
A
&
&
&
&
&
&
&
S Mch 3 ’ 13, 214
S Mch 3 '13, 314
J July 1 1919
J" July 1 1920
J July 1 1920
J Jan 1 1921
J July 1 1921
J July 1 1921
j
J Jan 1 1924
j
& J July 1 1914
& J Jan 1 1916
J
A J] July 1 1926
j
J & J May 1 1989
May 1 1989
Q— J
A J May 1 1989
j
Q - J May 1 1989
j
& J M a y 1 1989
j
A D June 1 1934
j
A D June 1 1934
j
A J July 1 1934
j
A D June 1 1925
A D June 1 1932
j
X
Jan 1 1949
j
& D June 1 1918
Q— J July 1 1913 1 H
U— J July 1 1913 2%
u — F Feb 1 1915
M & N May 1 1916
M A S June 1 1917
A D Dec 1 1916
J
M & N May 1 1921
J & J July 1 1924
M A s Mch 11925
F A A Feb 1 1929
A A O Oct 1 1922
A A O Oct 1 1929
M A N May 1 1933
A 15 A O Apr 15 1921
F 15 A A Aug 15 1920
add 1 In treasury.
j.
P l a c e s W h e r e I n t e r e s t and
D iv id e n d s a r e P a y a b le
N Y O ffice 42 Broadway
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Paris and London
N Y O ffice, 42 Broadway
Co’s office 111 B ’ way.NY
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
convertible at par Into com m on stock after June 1 1917 and prior to June,
1922, at tho option o f the holders, within 10 days after any dividend shall
becom e payablo on the com m on stock, and redeemable at 105and in t .after
Juno 1 1922 on 90 days’ notice. V . 94, p. 1056, 1118, 1565; V. 95, p . 744,
1472; V . 96, p. 284, 789.
_____ „
O f tho Chicago M ilwaukee & Puget Sound R y . 1st 4s ($200,000,000
auth.Issue), which wero assumed on purchase Jan. 1 1913, $173,541,410
havo beon issued. In July 1912 $26,095,000 o f said bonds, guaranteed
p. & i. b y tho O. M . & St. Paul R y ., had beon sold. V . 9 2 ,p .5 9 3 , 6591,
725, 1374; V . 93, p. 1386, 488; V . 94, p. 767, 1185. Bonds cover road,
terminals and equipment, and run to m aturity.
.
T he Puget Sound & Willapa Harbor R y. 5% 5-ycar trust gold certificates
aro secured by tho entire stock o f that com pany under an agreement pro
viding that tho St. Paul shall purchase tho stock at par on Juno 1 1918
unless tho certificates are soonor redeemed. T ho road, which extends to
W illapa River near R aym ond, W ash., is to bo extended to tho St. Paul
main lino in Thurston C o ., W ash., and terminals in R aym ond on Willapa
H arbor. V . 96, p. 1700.
G E N E R A L F IN A N C E S . & C .— Early in 1911 an initial dividend o f
2 .7 % was received on C hic. M ilw . & Puget Sound R y . stock, yielding
$2,700,000, and in A ug. 1911 2 .3 % , yielding $2,300,000. V . 93, p. 588.
In 1912 the Union Pacific (Oregon Short Line) owned *1,845,000 pref. stk.
In A pr. 1912 stockholders were offered *34,893,500 convertible 414s at
par to provide for capital requirements o f 1912 and 1913, and in F eb. 1913
$13,957,400 wero offered. V . 94, p. 1056; V . 96, p . 284. In April 1913
$30,006,000 gon. M . 414s were sold. V. 96, p. 1088, 1156.
In Mch. 1912 the div. rate was reduced from 7 to 5 % . V. 94, P- 278, 349.
T ho electrification o f 450 miles o f the Puget Sound main line, which was
contracted for in Jan. 1913. will cost, it is estim ated, a bou t $7,000,000.
Seo V. 96, p. 135; also M ontana Power C o . in V . 96, p. 1017.
E A R N IN G S .— 10 m os.,1 1912-13..G ross, S79,114,107; not, $26,733,909
July 1 to April 30.
\1911-12..G ross, 66,090,188; net. 18,304,211
A N N U A L R E P O R T .— Fiscal year ends June 30. Annual meeting Is
held in Sept. R eport for 1911-12 In V . 95, p. 744; editorial, p. 719.
1911-12.
1910-11.
1909-10.
Average miles operated______________
7,512
7,512
7,512
Passenger earnings___________________ *13,936,963 *14,077,757 *14,786,744
Freight earnings______________________ 42,815,573 44,776,454 44,909,137
Mail, express, & c., earnings__________ 6 $7 0 ,2 0 7
6,121,784
5,151,013
T otal earnings______________________ *63,122,743 *64,975,990 *64,846,894
Maintenance o l cam and'cngTnes11111 I ’. l s i ^ l
TransportaGon and tr a ffic .- ................ 28,108 187
M i s c e l l a n e o u s ': : : : : : : : : : ................
1.141.384
’I S M
29,230,225
1.118,709
’ l ^ ’. lo S
27.469.993
l. m .e io
T otal expenses........................................*50,611,866 *49,716.419 *47,320,370
Net earnings.............................................. $12,510,877 $15,259,577 *17,526,524
Outside operations, net______________
21,468
195,668
207,620
Dividends on s to c k s __________________
31,825
5,005,115
804,880
Int. on Ch. M. A Pug. Sound b o n d s .. 5,283,516
4,730,978
6.059,490
Other incom e (n et)____________
2,276,607
2,083,694
2,589.170
T otal net Incom e....................................$20,124,293 *27,335,031 *27.187,695
Interest on funded d eb t________________*8,494,529 *8,372,348 *0,811,804
1 ,6 9 0 ,9 4 3
Hire of equipment, rents, A c..............
8 ,1 1 5 ,2 3 3
Dividends on preferred ( 7 % ) --------------- I ’ lJvH nn
« ’ iin ’9 9 n
8,110,220
Dividends on com m on ( 7 % ) _________ 0,797,300
8,110,220 _____
_____
'Tnt.ni fipriiiot.tnn*
. .*24.106,380 *27,208,170 *24,737,305
Balance, 8 u r p i u s ^ : : : : : : : : : : : : : : : : d f 3 ,982,087
$ 1 2 0 , 8 0 1 * 2 .4 5 0 . 3 3 0
O F F IC E R S .— Pres., A lbert J. Earling, C hicago; V .-P s .. n . R . W illiam s,
N . Y ., E . W . M cK en n a, J. II. H iland, E . D . Sewall and D . L . B ush,
Chicago, and H . B . Earling, Seattlo, W ash.; V .-P . & Asst. Soc., C . B . F erry,
N . Y .; T reas., F . G . Rannoy, Chicago; G on. M g r., D . L . Bush; S oc.,
E . W . Adam s, M ilwaukee, Wis
,
,
.
.
D ire cto rs— II. It. W illiams, N ew Y ork; A . J. Earling, C hicago; L . J.
P etit, M ilwaukee; J. Ogden Arm our, Stanley Field, C hicago; Samuel M e R oberts, W illiam Rockefeller, Donald G . Geddes, John A . Stewart, I ercy A .
Rockefeller, W alter P. Bliss, Charles W . Harkness. John D . R yan, N ew
Y ork . N . Y . office, 42 B ’w ay.— (V . 96, p. 789, 1020. 1088, 1156, 1364.)
C H IC A G O M IL W A U K E E & P U G E T SO U N D R Y - —
Wap. ) —
N ow merged in Chicago M ilwaukee & St. 1 aul lt y ., which see.
E A R N I N G S — 6 m o s.,/1 9 1 2 _____Gross, $11,498,592; not, $5,514,248
July 1 to D ec 31. 11911......... Gross,
8,423,8b9: net, 3,616,053
R E P O R T — R eport o f C hic. M il. & P . S. R y . for yoa ending June 30
1912 in V 9 6 , p. 7 4 4 , showed (2,059 average m iles): Operating rovenucs,
$16 132 612; net (after taxes), $5,679,445; other inc. (incl. hiro o f equip.,
$841,689). $1,176,208; in t., A c ., $7,007,191; bal., def. $151,538. P res..
II. It. Williams. Seattle, W ash.— (V . 95, p . 744, 1472, 1683.)
CHICAOO & NORTH W ESTERN R Y .— (See M a p .)— Operates an im
portant system of roads uniting Chicago, 111., with Omaha, N eb.; S t. Paul.
Minn., with the great wheat belts of Dakota, Nebraska. A c., and with the
mining regions of Michigan and the Black Hills, including—
M iles.
Road owned infee—
Miles. Des Plaines V alley....................... 10
M ain lines, A c .......................................7 ,7 9 9
Entire stock owned—
P rinceton A W e s te r n ____________
W o lf R iver V a lle y _________________
D o P ue L a n d A E a s t , ( l e a s e d ) ..
Belle F ou rch e V a lle y .....................
J a m e s R iv er A N orth W e s te r n .
S u n d r y tra ck a g e ---------------------------
77
T o ta l J u ly 1 1 9 1 2 ..........................7 .9 6 0
16
2
3 S econ d t r a c k ---------------------------------- 8 2 8
24 H a s large Interest In Ohio. S t .
P au l M in
A O m a h a ..................1 ,7 4 4
39
BONDS
R A IL W A Y STO C K S A N D
, 1 9 1 3 .1
u n e
J
34
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
I [For abbreviations, & c., see notes on first page. ]
M iles Date
Road Bonds
Chic & N W est (Con) —
■ C A N W gen gold bond M 5165,000,000 -U s.c*& r
do
do
do
reg istered .,
do
do
do
c*
do
do
do
registered ..
Manlt Gr B ay & N W IstM g gu (V 88.P230)F.c*& r
114
Mllw A State line 1st M g gu (V 88, p 2 3 0 )-.F .o*& r
50
St L Peor & N W R y 1st M $10,000,000(V 96,p.l774)
St Paul E ast G r T rk 1st M g g u ______ xc*& r*
50
O & N W equip tr 1912, Ser A , $300,000 y ly .F .c * r
do
d o ser. B $300,000 y r ly ____________
do
do
1913 see text_________
Branch Line Bonds Assumed
B oyer Valley R y 1st M g 516,000 per mile F.c*A r
90
Minn & la R y 1st M gold 516,000 per m lle.-F .c*& r
119
M a n k a to.& New Ulm 1st M gold 5416,000. F.c*A r
26
Southern*Iow a first m tge 51,120,000 gold __F .c*A r
56
Princeton & N ortbw 1st M S2,100.000 gold F.c&r
105
• Peoria & Northwest 1st M 52,125,000 g o ld ..F .c & r
85
S ioux City & Pacific 1st M gold 5 4 ,0 0 0 ,0 0 0 ..F.c&r
125
Minn & So Dak 1st M gold 5528,000
F.c*
33
Iow a Minnesota & Northwestern 1st M g o ld .F .c* &r
195
MU Sparta & N W 1st M g S15.000.000 gu .F c*& r*
179
D ee Plaines Valley R y 1st M $ 2 ,5 0 0 .0 0 0 .. F.c*& r*
Frem Elk & M V cons A1 S25.000 per mile assumed 1,170
C hicago Peoria & St Louis P R — Stock, 5 4,0 00 ,0 0 0 .. .
P rior lien M g call at 107 X _______ ________ E q.c*
235
Gen and refunding M 515,000,000 gold red te x t____
Chic Riv & Ind— 1st M gold red t e x t_________ MC.xc*
Chic R I & Pac R R — Coll tr M 5 75 ,0 0 0 ,0 0 0 ..Ce.c*& r
Bonds 57,500,000 (held by C R I & P R y ,V 8 9,p l667
Chicago Rock Isl & Pacific R y— Stock ($75,000,000).
• First M Chic, 111., to Council IllufTs& branches Us.c*
765
> General m ortgage $100,000,000 gold ............Ba.c*& r 2,396
L. Co*1 tr M g Ser L to P due yearly red 101 )4 --C e .c*
; R ef M $163,000,000 gold red lOo to 1 91 1 ..C e.c*& r T ext
Debentures gold redeem 105_____________ Ba.c*&r*
Cedar Rapids 1 F & N W 1st mtge gold guar__Cc.c
292
In addition, sinking fund D ec 1912 held: g $181,000: h 596
• p all in sinking fund
Par
Value
[V o l . XCVI
Amount
Outstanding
Rate
%
1897
1897
1897
1897
1906
1906
1913
1913
1912
1912
1913
1000 &ol m$30827000
1000 & o/
l,000&o\ m22500,000
l.OOO&o)
1.000 &c
3.750.000
1.000 &c
2.500.000
N one J ’n ’ 13
1.000 & c
1.120.000
1.000 &c
2.700.000
1.000 & c
3 .0 0 0. 000
See text
3H
3M
4
4
3 )4
3X
1898
1899
1899
1900
1901
1901
1901
1900
1900
1912
1912
1883
1.000&C $1,440,000
& D Deo 1 1923
3H g
1.000 &c
3 )4 g
& D June 1 1924
1.904.000
3 )4 g
& O Oct 1 1929
1,000
P416.000
1.000 &c N oneJuly ’ 1
3 )4 g
& S Sept 1 1925
1.000 &c n l .940.000
& J Jan 1 1926
3 )4 g
1.000 &c
3 )4 g
2.125.000
Mch 1 1926
1.000 &c 03.926.000
Aug 1 1936
3 )4 g
1,000
528.000
3 )4 g
Jan 1 1935
1.000 &c
3.900.000
3 )4 g
Jan 1 1935
1.000 15.000.
000 4 g
& S Mch 1 1947
1.000 & c
2.500.000
4)4
& S M cb 1 1947
1,000
7.725.000
6
& O Oct 1 1933
4.000.
000
1,000
2 .0 0 0.
„ 0004)4 g M & S M ch 1 1930
2,000.000 See text. Seml-an 30 years
1,000
600.000
A & O Oct 1 1951
a e
1,000 &c 71,353.500
M A N N ov 1 2002
See text
i
e
M & S Sept 1 1913
100 74,877,200 See text.
Quar
Juno 30 ’ 13 I X
1.000 &c 12.500.000
6
J
& J July 1 1917
1.000 Ac 61.581.000
4 g
& J Jan 1 1988
1,000
7.470.000
4 g
M & N May 1914-1918
500 &c 94.942.000
4 g
A & O A pr 1 1934
1.000 Ac 20.000.
000 5 K J & J 15 Jan 15 1932
1,000
1.905.000
5 g
A & O Oct 1 1921
k 5202, 500; m.5489 ,000 (als
$6,91 4,000 on hand);
1900
1911
1902
1909
1877
1898
1902
1904
1912
1881
2,000;
Fv In Deo. 1911 an arrangement was m ade with the Northern Pacific for
through passenger service between Chicago and Pacific coast, and In May
1912 an Im proved through service was put into effect In connection with
the Union Pacific. V. 93, p. 1667: V. 94, p. 697.
H IS T O R Y , &c.— A Vanderbilt line (V . 75, p. 1086) organized in 1859.
In S ept. 1912 about 111 miles had been com pleted and 35 were under con
struction. V . 89, p. 1410: V . 91. p . 808: V . 93. p. 1190: V . 94, p . 206.
In O ct. 1912 the St. Paul Eastern Grand Trunk, 56 m ., was merged,
and In M ch 1913 Des Plaines Valley R y . V . 95, p. 419, 1039; V . 96, p . 789.
C A P IT A L S TO C K .— Of the com . stock, $2,338,427, and of the pref. $3,
835, remained In com pany’s treasury In July 1912. Pref. stock has prior
right to 7 % ; then com . 7 % : then pref. 3 % , then com . 3 % : then both classes
share. Stockholders In Jan. 1910 subscribed for 530,502,650 com m on at
par, raising the am ount outstanding to 5130,121,500. V. 89. o . 1482.
In July 1912 U . P. system (Oregon Short Line) owned $4,018,700 stock,
the com pany ownIng$4,171,500 Union Pacific pref. stock.
The consolidated sinking fund bonds o f 1915 have voting power.
D IV ID E N D S —
1 ’86-’93. ’94, ’95. ’ 96-’99. ’00. 1901. 1902-July’ 13.
3
4 5 y ’ly
6
6
7 yearly
Comm on ----------------- 1 6 y ’ly
P r e fe r r e d .................... J---------------------- 7 yearly---------------------— 8 y ’ly—
B O N D S.— General Mortgage.— See Abstract In V . 65, p . 1176. The
authorized Issue Is $165,000,000 (U . S. Trust C o., trustee); $131,645,000
were reserved to retire underlying bonds (of which $46,730,000 had been
retired to June 30 1912), and remainder for additions and Im provem ents,
$4,000,000 at once and $1,000,000 a year thereafter. V . 65, p. 1070: V . 65.
p. 69. I l l , 571; V. 75, p. 980: V .8 8 , p. 280. 563. In N ov. 1910 515,000.000
gen. 4s were sold to retire $l2,O0O,00O prior b osd s and for other purposes,
and In April 1911 $7,500,000 to retire $6,500,000 old bonds and for other
purposes. In July 1912 there were $30,827,000 gen. 3 )4s outstanding and
there were held In the com p a n y’s sinking funds $489,000. and due from the
trustee $5,910,000 bonds, V . 91, p. 1385; V . 90, p. 1489: V . 92. p. 117,
1178; V . 93, p. 1667.
The sinking fund bonds of 1879 are secured b y deposit In trust of $15,000,
000 of 1st M. bonds at $15,000 per mile on subsidiary lines, the m ost Im
portant being described la “ Supplem ent” of May 1894. Of the sinking fund
bonds of 1879, $5,191,000 are 6s: the sinking fund Is at least 1% o f out
standing bonds, which are subject to call at 105, and through Its operation
those outstanding have been reduced froro $15,000,000 to amount in table.
The extension bonds of 1886 are secured b y deposit In trust of first m ort
gage bonds at a rate not exceeding $20,000 per mile. Included In the collat
eral July 1 1912 were 510,675,000 Frem ont Elkhorn & M o. Valley lsts and
$2,560,000 W yom ing Central lsts (consolidated with F. E . & M. V .), &c.
The Fremont Elkhorn & M issouri Valley consols have a first lien on 1,170
miles (Frem ont, N eb., to D eadwood, S. D .t 557 miles, and branches to
Hastings. A lbion, & c., 613 miles): but besides the amount of Issue given as
outstanding In the table, $10,675,000 (along with $2,560,000 W yom ing
Central firsts, a F. E . & M. V . Issuej are held as part collateral for Chicago
& North W estern extension bonds of 1886.
In Feb. 1912 sold $15,000,000 Milwaukee Sparta & Northwestern R y . 1st
M. bonds, guar. p. & 1. (and assumed In April 1912), and the property em
bracing terminal facilities at Milwaukee and Important cut-off on line to
Duluth, 179 miles of road In all, merged in C. & N. W . V. 94, p. 416. 1056.
1185. In Jan. 1913 sold 82,500,000 Des Plaines Valley R y . (assumed
M ch . 1913) and $1,120,000 St. Paul Eastern Grand Trunk R y . guar. 4 )4s.
V . 93. p. 1190, 1786; V. 95, p. 1403; V. 96, p. 200, 789.
In 1912 permission was granted to Issue $10,000,000 equipment notes
o f 1912 (of which 86,000,000 issued D ec. 1912) and in D ec. 1912 to issuo
810,000,000 equip notes o f 1913. V . 95, p. 1402, 1541, 1745: V . 96, p. 201.
4H
4)4
4)4
When
Payable
g M & N
Q— F
g
M & N
Q— F
& 0
g J
& J
g J
Last Dividend
and Maturity
N ov
N ov
N ov
N ov
Jan
Jan
1 1987
11987
1 1987
1 1987
1 1941
1 1941
J & . Jan 1 1947
J & . July ’ 14-1922
A & O O ct ’ 13-1922
Places Where Interest and
Dividends are Payable
Co’s office, 111 Broadway
do
do
do
do
do
do
do
do
do
do
do
do
Farmers L & T r C o , N Y
do
do
Co’s office. 111 Broadway
do
do
do
do
do
do
do
do
do
do
do
Liberty N ational Bank
Merch Loan & Tr Co, Chi
First National Bank, N Y
First N at Bank," N _Y
do
do
do
do
First National Bank. N Y
do
do
New Y ork, L ondon , Aa.
do
do
n $160,000: o 574,000?
Bridge Jet., 3 m .; H avana to Jacksonville, 111., 42 m .; branch, Lockhaven
to Grafton, 8 m .; total owned, 235 m .; trackage, Pekin to Peoria, 10 m .;
In Springfield, 1 X m .; to St. Louis Station, 9 in.: total 255)4 miles.
Incorporated on D ec. 6 .1909 as successor, per plan V. 89, p . 285, o f
railway foreclosed N o v . 18 1912; possession taken Jan. 1 1913. "V. 96,
“
p.
135. V. 89, p. 1541. Favorablo decision in 2-cent fair suit July
'
1911.
V . 90. p. 1675; V . 93, p. 229; V. 95, p. 889. 968.
B O N D S .— O f the $15,000,000 “ gen. A ref’g ’ ’ 30-year gold 4)fjs (present
issue $2,850,000), 81,100,000 issuable In exch. for old consols and unpaid
coupons are to bear only 3 % int. for 1st 6 yrs. F or 6 yrs. tho new bonds
are to be subject to call at par on any lnt. date on 60 days’ notice; thereafter
at 107 H . Of the bonds, $2,000,000 will be reserved to refund prior lien bonds
and $150,000 to aid in refunding and $10,000,000 for extensions, &o.
Out o f the $2,850,000 "general A refunding” 4 Hs, $850,000 will be placed
In the treasury, and It Is estimated that after providing for the floating debt
the new oom pany will have free treasury assets In cash and “ general and re
funding m ortgage” bonds of over $1,000,000 to make needed Improvements
The new com pany will have a fixed annual charge of about $154,000 for
the first 6 years, which will be thereafter increased about $15,000 b y the
Increase In rate from 3 % to 4 X % on the new bonds exchanged for old cons
N otes to C ar Trust Realization C o. for $140,132 payable in 1915 and later
in installments out o f surplus earnings given in lieu o f interest on bonds
o f old com pany.
E A R N I N G S . — 4 m o s . , / 1913....... ............ G ro ss, $507,003: net, $10,804
Jan. 1 to Apr. 30.
11912---------------- Gross,
558,429; not,
34,544
Report (old co .) for year to Juno 30 1912 was In V . 96, p. 281, showing:
Gross, $1,688,867; net, after taxes, $115,406; oth. inc., $6,855: int. (not
“
■ consol. M.) and rentals, $142,180; bal.. d ef., $19,918. Chief E xeo.
Officer John P. Ram sey. Springfield, 111.; Sec. and A u d ., IT. W . Berger,
Springfield. 111.; T reas., F. J. W ilson.— (V . 96, p . 135, 281.)
C H IC A G O R I V E R & I N D I A N A R R .— Owns 10.30 miles of terminal road;
A tch. T op . & Santa Fe trackage, 9.11 m .; trackage through Union Stock
Yards, 8.76 m .; total operated, 28.17 miles. Furnishes terminal facilities
to some 20 industries and team tracks. Stock. $300,000; par, $100.
Of the first 5s of 1911 $100,000 were Issued for Improvements and $500,008
to retire the outstanding 5s of 1910. Additional bonds m ay be Issued for th»
cost of additional properties and franchises, but none for equipment In sub
stitution and replacement of that owned Oct. 1 1911. They arc redeem
able at 105, beginning O ct. 1916. V . 94, p. 1382; V . 96, p. 1296.
Year ending June 30 1912, gross. 5194.697; net, $52,100; other Incom e,
597,500; int., rentals, &c., $114,560; bal., surp., $35,040. Pres. A T reas.,
A . E . Rawson; S ec..W alter H. Jacobs: A u d ., E . S. Gentle.— (V . 96, p.1296.)
C H IC A G O R O C K I S L A N D & P A C IF I C R A I L R O A D .— Incorporated t»
Iowa on July 31 1902 as an operating com pany per plan V . 75, p. 239, to
take over the Chic. R . I. A Pao. Railway. The entire capital Btock ($145,
000,000) Is owned b y The R ock Island (holding) Co.
B O N D S.— The collateral trust 4s o f 2002 (authorized Issue $75,000,000)
are secured by a pledge with the trustee of an equal amount of the stock or
The C. R . I. & P . Railway as acquired. In Dec. 1912 571,353,500 o f the
$74,877,200 Railway stock had been acquired. T ho $7,500,000 5 % bonds
which maturo Sept. 1 1913 will, it is expected, be exteudod for not over
5 years. V . 96, p. 1488.— (V . 95, p. 1114.)
C H IC A G O R O C K I S L A N D & P A C IF I C R Y . — (See M ap Rock Island C o.,
pages 110 and 111.)— The system extends from Chicago, 111., via Omaha,
N eb., to Denver and Colorado Springs. C ol., and, via Kansas City, M o., to
Santa R osa, New M ex., there connecting with the lines o f the El Paso A
S. W . R R . Co. and form ing with them and the Southern Pacific a through
line to the Pacific Coast: also from Tucum carl, N. M ., to Memphis, Tenn.
G E N E R A L FIN AN C ES.— New passenger terminals In Chicago costing and to Fort W orth, T e x ., on the south and on the north to Minneapolis,
over $23,000,000 were opened June 4 1911. V. 87. p. 479, 881, 1159: V . 89, M inn., and W atertown. S. D .. with numerous branches, viz.:
p. 670: V . 91. p. 807; V. 92, p. 1700. In N ov. 1910 sold $15,000,000 and
Owned in Fee (5 ,3 7 lM lles). Miles.
Owned in Fee (Concluded)— M iles
m April 1911 $7,500,000 gen. 4s. V . 91. p. 1385. In Jan. 1913 sold Chicago, 111., to Col. Spgs., C o l.1.063 Glen R io , T ex. (T cx .-N . M. State
85,700,000 4 )$ % equip, trusts and $3,620,000 guaranteed 4 )$ % divisional Davenport, la ., to Terral, Okla. 708
line) to Tucum carl, N . M _____ 42
bonds. V . 96, p. 201.
H erlngton, K an,, to Texhom a,
Branch lines..................................2 ,1 5 5
O k la ............................................ 323
Cap. Stk. all owned (1,780 rn.)
E A R N IN G S .— For 10 months ending A pr. 30:
10 M os.—
Gross.
N et.
Olherlnc.
Charges.
Bat., Surp. Burlington, la ., to Mlnn’p.MInn. 308 Choc. Okla. A Gulf (leased)___ 067
Vinton, la ., to W atert’n. S. D . 376 Ch. R . I. A Gulf R y ..................... 40&
1912-13_____ 869,149,871 $17,915,997 $2,936,621 $8,354,541 $12,498,078
1911-12......... 61,037.911 14,095,920 2,484,875 7,854,383
8.726,412 St. Louis, M o., to Kan. City, M o .284 R ock Island, A rk. A L a. R R . 330
T ex. (New M ex. State line) R ock Isl. & Dardanelle R y ____
14
R E P O R T .— The annual meeting Is held the third Thursday in October. B ravo,
to Santa R osa, N. M --------------- 112
Perpet. lease; treated as owned—
R eport for 1911-12 at length In V. 95, p. 743, 755: editorial, p. 717.
Peoria A Bureau Valley R R . Co.
47
Operating Revenues
1911-12.
1910-11.
1909-10.
Average miles operated_____________
7,859
7,719
7,629
T otal mileage owned directly and through capital stock, A c------------- 7,198
Freight revenue........................................ $46,691,540 $49,024,958 $49,536,839 Leased Lines (see statement for each). Keokuk & Des Moines R y ., 162
Passenger revenue.................................... 19,555,567 19,118,884
18.431,017
m .: W hite A Black River Valley R y . C o., 62 m ____ ________________ 224
Mall, express, & c.................................... 7.451,484
6,774,344
6.207,828 Trackage; Denver, Pueblo, Kansas City, &o.................. ........................... 620
T otal operating revenues...................$73,698,591 $74,918,186 574,175,684
Total net Income...................................... $20,996,748 $21,769,231 $21,525,371
Rents— debits ............................................
1,194,791 1,200,023
1,397,278
Interest on bonds, & c ..................
8,083,689
7,727,507
7,583,447
Sinking funds and other p a y m en ts..
250,937
238.601
240,149
Dividends on com m on stock. 7 % ____ 9,108,015
9,108,015
8,040,438
Dividends on preferred stock. 8 % . . .
1,791,600
1,791,600
1,791,600
Balance, surplus....................................
$567,716 $1,703,485 $2,466,459
O F F IC E R S .—-Marvin Hughltt, Chairman; Pres., W m . A . Gardner,
Chicago; V .-P ., S. A . Lynde; Sec., John Davis Caldwell, Chicago; Treas.,
M. B . Van Zandt, 111 Broadway, New York.
D irectors.— Marvin H ughltt (Chairman). W . K . Vanderbilt, F. W . V an
derbilt, Chauncey M . Depew, James Stillman, James C. Fargo. W . K
Vanderbilt J r., N . Y .; Byron L . Smith, Cyrus H . McCormick, Chauncey
Keep, John V . Farwell, W m . A . Gardner, Chicago; II. C. Frick, P itts
burgh, Pa.; Davlld P. Kim ball, Oliver Ames, Boston; Zenas Crane, Dalton
M ass.; Hom er A . M iller, Des M oines, la .— (V . 96, p . 359, 1156, 1364.)
CHICAGO PEORIA & ST. LOUIS R R .— R O A D .— Owns from Pekin to
Granite City, 111., 180 miles: Granite City to Madison, 2 miles; Madison to
T otal mileage June 30 1 9 1 2 ...................................................................... 8,042
The R ock Island Interests In April 1906 acquired a half Interest In the
Trinity & Brazos Valley R y ., owning a line from Cleburne to H ouston, T e x .,
236 miles, with branch to W axahatchle, 67 miles, and trackage rights froni
Cleburne to Fort W orth, W axahatchle to Dallas and Houston to Galveston.
H IS T O R Y .— A consolidation June 2 1880 with $50,000,000 stock.
In June 1912 $71 353,000 of the $74,877,200 capital stock had been doposited per plan V. 75, p. 239, each $100 stock being exchanged for the fol
lowing securities: $100 In 100-year 4% sold bonds of the Chic. R . I. & Pao.
Railroad (of Iowa) and $70 pref. and $100 com . stock of Tho " R o c k Island
Company (of New Jersey), which owns tho entire capital stock of the
Railroad com pany. See statements for those companies.
4 he properties of the former Burl. Cedar Rapids A Nor. and R ock Isl. A
Peoria arc now owned In fee. V. 74, p. 1194, 1250.
D IV 'S — ] ’99-'02. ’03. ’04. '05. ’06. ’07. ’08. ’09. ’ 10. ’ l l - '12.
1913.
P e r c e n t .- / 5 y ’ ly. 7 X 8 X 7.88 6 O X OX OX 4 X OX 5 X 1 X . 1 X , - , Dlvldcnds are Intended to cover only Interest requirements of the Ohio.
R . I. A Pac. Railroad C o. V. 90, p. 626, 628.
BO N D S.—-Of the general 4s of 1898, those unissued are available as fo l
lows: $17,900,000 at not over $1,000,000 per annum for permanent im prove-
Juke, 1913.]
Miles Date
Road Bonds
RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page]
Chicago Rock Island & Pacific (Concluded) —
B C R ft Nor consol flrst mortgage g o ld . .C e.o* &r
Minneapolis & St Louis 1st M gold (assum ed)------ F
R ook Island ft Peoria cons 1st M (V 75, p 3 0 ) . . illp
Choc O & G general (now 1st) M $5,500,000 g .c* & r
'C hoc & Mem 1st M $3,750,000 a ssu m ed ..Q P .o& r
L R ock Bridge 1st M assumed g red (t e x t ).G P .o ’
Consol mtge gold ....................................... ........ GP.o*
R I A & L 1st M $30,000,000 g gu red 10a Ba.xc* &r*
St P & K C Short L— 1st M g gu red 105-B a.xo*& r*
R ook Island-’ Frisco Term 1st M g guar Jolntly__.o*
Peoria R y Term 1st mtge gold guar Jointly red ._IC
do
do 2d M, prln guar J o in t ly ..... .............
Equip notes due $325,000 seml-an (V 84,p 3 3 8 ) .-Ba
d o Ser C gold due $265,000 sem l-ann............Ce.o
d o Ser D g $225,000 s-a (V 90, p 913, 1 3 6 2 )..B a
d o Ser E g $5,000 duo semi-annually___________
d o Ser F g $12,000 s-a ( V 93, p 9 39 )................ Ba
d o Ser G g $170,000 s-a (V 95p 1607)______ Ba
do Ser II g $441,000 ann (V 96, p 1772). . Bac&r
R I lm pt equip notes gu p & 1 $225,000 s - a . .
Ba
do
Ser B $280,000 s-a (V 93. p 9 3 9 )______ Ba
Ch ft R I Elev M g gu due $50,000 yrly red par _c*
Consol Ind Coal 1st M g lnt gu red 110 s f._ G .o » ft r
Chicago St Louis & New\Grleans— Sec Illinois Central.
Chicago St Paul Minn & Omaha— Comm on stock ____
Preferred stock non-cum Including scrip (see text) . .
Ch St P & Minn 1st M gold Elroy to L St C ass’d ._ o *
St P & Sioux City 1st M gold $10,000 per m ile..C e.o
Nor Wls 1st M Lake St C to near Spooner ass’d Ce.o*
Sault Ste Marie & Southwestern 1st M assum ed___c
Superior Short Line 1st M $1,500,000 assu’d .U n .o*
O St P M & O m tge $30,000,000 ($15,000 p m)Ce.o*
do
do
consols Interest reduced____
Debentures gold $15,000,000 a u t h .............C cxc*ftr*
Chicago Terminal Transfer— See B & O Chicago Term
Chicago Terre Haute & S E— S tock ---------------------------B edford Belt first mortgage, not assumed------------Sou Indiana 1st M g (see text) not a ssu m ed ..(IP .o*
1st and ref M $20,000,000 g call 1 0 7 1 4 --.IC .x c*& r*
Incom e M $6,500,000 call par (cum aft 2 y r s )____ FC
998
12
113
351
282
___
335
308
1___
...
177
607
80
37
Par
Value
___
—
1878
1879
1880
1890
1895
1880
1880
1912
4
228
359
—-
1898
1901
1910
1910
$100
1,000
1.000&O
100 &o
ROCK I. A R K . & L A . 1ST M . 4 44*S, GUAR. P . & I ., $30,000,000 A U T H .
Secured b y a direct flrst lien on 308.42 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
Prro,I?,?rt cSnn^xc]!n?!v<( ,?.c, equipm ent, on which the m tge. Is a flrst lien.
V . 90, P. 626. 699, 1161. The $453,600 R . I . A rk. ft L a. notes given In
gaym ent for JS^mlles Pggr
o
Li ttl e R ook A rk. ft L a. are also guar.
® U A Ii- P- * I : $30,000,000 A UTH.
Of the bonds, the $10,000,000 sold Feb. 1911 are secured b y a direct flrst
lien on about 126 inllcs or road and also on 3.14 m.* form erly owned b y Dcs
Moines Western R y.,and will be further secured by 67.65 miles from Allerton, Iow a, to Carlisle. Of the remaining bonds, $10,000,000 are reserved
at par for new mileage at actual cost and $10,000,000 at par for actual cost
o f additions and betterments to properties on which the m tge securing the
Issue Is a flrst lien. V . 92, p. 526. 593,1311; V . 93, p. 1196,1259, 1667,1725;
V . 94, p. 1056.
Capitalization per mile June 30 1912: Stock, $10,421; bonds, Including
equipment trusts, $34,904.
E A R N IN G S .— 10 m o s .,(1 91 2 -1 3..G ross, $59,618,809: not, $15,396,630
July 1 to A p r 30.
\1 9 1 1 - 1 2 --G ross, 53,736,789; net, 15,862,563
R E P O R T .— F or year 1911-12, V . 95, p. 1114, 1132; ed it., p . 1164.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Average m iles.................
8,036
8,026
8,043
Total operating r e v e n u e -...................... $64,712,853 $68,487,473 $66,220,579
Operating Income (after tax es)............ $15,200,498 $16,723,139 $15,274,509
Total net Incom e....................................... 15.887,289 16,908,616 15,497,741
Interest and rentals............................... 12,036,892 11,465,902 10.749,860
Dividends .............................................(5)3.743,760(5 K )3,930,948 (5)3,743,272
$1,004,609
O F F IC E R S .— Pres., H . U . Mudge; Vlce-Pres., Sec. and Treas., Geo. H Crosby, Chicago: Asst. Sec. and Asst. Treas., J. J. Quinlan. N . Y . office.
Bankers Trust B ldg.— (V . 95,p. 1114, 1132, 1607; V . 96, p. 1488, 1772.)
CHICAGO ST. PA U L M IN N EAPOLIS & OMAHA R Y .— (.See M ap Chica9° & North Western.)— R O A D .— Elroy, W ls., to Omana, N eb., 593 miles;
other lines, 1,151 m .; total, July 1 1912, 1,744 miles, of which 1,674 are
owned and 70 miles leased, v. 69, p. 1147.
H IS T O R Y .— This was a consolidation July 1880 of the Chicago S t. Paul
& Minneapolis, the North Wisconsin and the St. Paul ft Sioux City.
In Novem ber 1883 Chicago ft North Western R y . purchased control,
v iz., $9,320,000 com m on and $5,380,000 preferred.
S TO C K .— Authorized com m on, $21,403,293; preferred, $12,646,833.
Held b y the com pany June 30 1912, com m on 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 m ore than pref.
D IV S .— 1 ’93-’96. ’97. ’98. ’99. ’00. ’01. ’02. *03. ’04. ’05-’ 12. 1913.
Common
None
2 2
3H 5 5 8 6 6
7 y ’ly
3 > 4 .—
P referred% J----------------------------- 7 per annum (314 F . ft A . ) - ----------------------, B O N D S.— In April 1911 the $1,500,000 Superior Short Line R y . 5s held
In the treasury were sold. V . 92. p 954. 1310. Ch. S t. P. & Minn. 1st 6s,
due 1918, and North W ise. 1st 0s, due 1930. are exchangeable at option of
holder at any time, $ for $, for consol. 6s. V. 68, p. 521; V. 77, p. 2389 In
Feb. 1912 sold $5,000,000 5% debentures and In M a y 1913 $2,500j000 un
der a debenture agreement providing for $15,000,000. A ny Increased m tge.
^except for extensions)must equally secure debentures. V . 94, p. 278 487,
When
Payable
%
6 g
?f
6 K
5 g
4H
4H
a g
6 e
4K
5 g
«6 g
4M
444
5 g
5 g
A ft
J
ft
J ft
J
ft
J ft
J
&
M ft
gM &
g F ft
J ft
ft
j
ft
F &
A &
M A
J ft
F ft
J &
J &
&
g J
KM &
A ft
I
ft
v
A flrst lien (either directly or through pledge of entire Issues of bonds of
the companies owning the same) on terminal property In St. Paul and Min
neapolis, new equipment and shops at Sllvts, near East Moline, III., and on
railways aggregating 1,172 miles; also a Junior lien subject to existing mort
gages on all the other lines of the system o f the Railway com pany, aggregat
ing, exclusive o f leased lines and trackage. 5,683 miles. See V . 78, p. 228,
234: V . 79. p. 1716, 2206; V . 84, p. 219: V 85. p. 98.
Of the $94,942.000 of these bonds outstanding In June 1912, $33,312,000
had been issued for refunding nurposes, $15,000,000 to reimburse treasury,
$24,130,000 for acquisition o f property or securities and $22,500,000 for
Improvements. Of the remaining $68,058,000 bonds authorized, $48,713,
000 were reserved for underlying bonds, $13,500,000 to pay for 75% of
the purchase price of bonds o f other cos., and the $5,845,000 balance fo lmproyem ents and acquisitions of other properties or securities. V . 87,
p .1 0 8 9 ,1 4 1 9 ; V . 88. p. 623, 822; V . 89, p . 666; V . 90, p 108 236 1170
1424; V. 01, P. 1766: V. 92. p. 1031. 13i(5: V . 93. p . l M 7 , 1785.
The $20,000,000 20-year 5 % debentures of 1912 were sold to provide for
terminal properties at Omaha, new terminals and a bridge across the Mis
sissippi R iver at Memphis, various additions and betterm ents,andto pay
at m aturity securities falling due in 1912 and 1913. The “ flrst and refund
ing” bonds and any terminal securities issued In 1912 and 1913 will be taken
Into the treasury and be available for sale. No new m ortgage shall be m ade
without securing debentures equally thereunder. V . 94, p. 206, 278, 1448.
Peoria R y. Terminal 1st 4s ( $ 1 ,5 0 0 ,0 0 0 auth.), guaranteed join tly with
Chicago & A lton, are subject to call at 10244 after July 1 1 9 1 6 . V . 8 5 , p . l 5 9 .
As to Ohio. R . I . & Pac. Elevator m tge., 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. Rook Island-Frisco Terminal R y . 5s,
guaranteed Jointly. V . 84, p. 569, 748.
$1,511,766
Rate
100 18,556,200 7 In 1912 F
100 11,256.800 7 In 1912 F
969,000
500 &o
M
6 g
1,000
6.070,000
A
1,000
585,000
J
5
350,000
1,000
U
1,500,000 . 6
1,000
M
6
1,000 16,839.000
J
1,000
3.734,000
344 J
5 g
1.000 &c
7,500,000
M
REFUNDING 4 % BONDS OF 1904 ($163,000,000 A UTIIORIZED ISSUE)
$100,636
Amount
Outstanding
1884 $l,000& o $11,000,000
1877
500 &c
150,000
1885 1,000 &c
450,000
1894
1,000
5,500.000
1899
3,525,000
1,000
1899
175,000
1,000
1902
1,000
5,411,000
1910
100 &o 11,000,000
10,000.000
1911
$ & £
3,390,000
1907
$1,000
944,000
1907
1,000
280,000
1907
1,000
1,000
2,600,000
1907
3.445,000
1,000
1909
5,400.000
1,000
1910
75,000
1,000
1911
324,000
1.000
1911
4,930,000
1,000
1912
4,410,000
1913
1,000
900.000
1,000
1905
1,000
1,400.000
1905
600,000
1,000
1904
2,773,000
1,000
1905
CHICAGO ROCK ISLAN D & PACIFIC R Y .— (Concluded) .—
ments and additions, lncl. equipment; Bankers Trust C o., N . Y ., and BenJ.
Strong Jr., trustees. A bstract. 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
b y deposit of all stock of Choc. Okla. & Gulf R R . V .74,p.775. 829. 936. 1356.
Balance, surplus____ * .......... ............
35
RAILWAY STOCKS AND BONDS
4,300,000
5
350,000
7,537,000
I5 g
g
3,950,000
6,500,000 M hl3.1%
J
F
J
See
ft
&
ft
ft
ft
ft
ft
*
A
ft
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
New Y ork, London, &o
O Apr 1 1934
do
ao
D June 11927
do
do
•f July 1 1925
do
or Phlla
J Oct 1 1919
do
or Phlla
J Jan 1 1949
First National Bank, N Y
J July 1 1919
do
or Phlla
N May 1 1952
do
or Europe
S Mch 1 1934
New York and L ondon
A Feb 1 1941
Eqult Tr Co, N Y ; & St L
J Jan 1 1927
First National Bank, N Y
J Jan 1 1937
do
do
J 2007
A Aug ’ 13-Feb ’ 17
do
do
O Oct ’ 13-Oct ’ 19 First National Bank, N Y
do
do
N N ov ’ 13-M ay’ 25
_
J Jan ’ 14-Jan ’21 CJ S Express Co
A Aug ’ 13-Aug '26 Bankers Trust Co N Y
J Jan ’ 14-July ’27 Bankers Trust C o, N Y
do
do
J July’ 14-July '23
do
do
J Jan ’ 14-Jan ’ 15
do
do
N N ov ’ 13-N ov'15
First Tr ft Sav Bk. Ohio
O Oct 1 ’ 13-’24
D June 11935
Guaranty Trust Co, N Y
A
A
N
O
J
N
S
D
D
S
ft J
& A
ft D
text.
Feb 20 '13. 3 H Offloe 111 B ’ way, N Y
do
do
Feb 20 ’ 13. 3 H
do
do
May 1 1918
Apr 1 1919
do
do
do
do
Jan 1 1930
do
do
N ov 1 1915
June 1 1930
do
do
June 11930
do
do
June 1 1930
Mch 1 1930
July
Feb
Deo
Deo
1
1
1
1
1938
1951
I960
i960
Bankers Trust C o, N Y
ls t N a tB k N Y :o r Chicago
E A R N IN G S .— F or 10 m onths ending A pr. 30:
10 Ai onlhs—
Gross Incom e.
N et.
Charges. Bal., Surp.
1912-13............................. $14,501,761 $3,806,121 $1,879,212
S I,926,909
1911-12.............................. 12.803,526 3,261,536 *1,758,593
1,502,943
R E P O R T .— Year ends June 30. R eport for 1911-12, V . 95, p . 812.
1909-10.
T otal operating revenue........................ $15,135,426 $169.092,851 $15,095,023
Operating expenses................................. 10.466,216 10,656,053
9.888,479
Net operating Incom e........................... $4,669,210
Total net Incom e.......................
4,122,304
Interest on bonds..................................
1,649,029
388,672
Rentals and miscellaneous___________
Dividends on com m on stock ( 7 % ) . . .
1,298,934
Dividends on preferred stock ( 7 % ) . .
787,976
$5,436,053
$4,833,220
1,631,590
335 245
1.298I934
787,976
$5,206,544
$4,665,504
1.611,567
438,652
1.298,934
787,976
$729,475
$528 375
Net surplus for y e a r . . . .................... d e f.$2,307
— (V . 94, p . 487, 1316; V . 95, p. 744, 812; V . 96, p . 1421, 1556.)
CHICAGO TE RR E HAUTE & SOUTHEASTERN R A IL W A Y .— Owns
Chicago Heights, 111., via Terre Haute to Seym our, In d ., 271 66 miles*
W estport branch, Seym our to W estport, 26.45 miles; Sullivan branch,’
Blackhawk to Sullivan, 18.48 m .; Bedford to Oolitic, 4.19 m.* other
branches, 38.09 m .; total. 358.87 miles. Incorp. in Indiana and Illinois
In N ov. 1910 as successor to the Southern Indiana R y . and the Chicago
Southern R y . (both foreclosed), per plan V . 91, p. 337, 333. Possession
taken Jan. 1 1911 (V . 92, p. 59). Has also acquired the B edford Belt R y .
ST O C K .— The $4,300,000 com . stock, except shares necessary to qualify
directors, have been placed In a voting trust until Deo. 24 1920, unless
sooner terminated, as provided In the agreement. R o y C. Osgood, Frank
F . Taylor and Geo. A . Jackson, voting trustees.
B O N D S.— The new "first and ref.” M. will secure not exoeedlng $20,
000,000 50-year bonds, being a flrst lien upon the road and m ost of the
equipment form erly owned b y the Chicago Southern R y . C o., and a general
m ortgage upon the property form erly com prising the Southern Indiana
R y. C o., subject to the So. Ind . 1st M. ($7,537,000) and a general m tge.
upon form er Bedford Belt R y . V . 91, p. 337; V . 92, p. 596; V . 94, p . 1118.
Purposes fo r which $20,000,000 First and Refunding Bonds are Issuable
Issued under provisions of plan............................................
$3,950,000
Issuable for corporate purposes............................................................ 1,500,000
Reserved to retire So. Ind. R y . and Bedford Belt 1st M. b o n d s .. 7,887.000
Reserved under careful restrictions for extensions, additions, lmprovements, acquisition o f sub-com pany stock and bonds, ft c .
(of which $850,000 Issued)__
__
a aaq qqq
The incom e bonds dated Dec. i l o i o j 10,5(KL666i"bear'Interest (a )'fo r
first tw o /e a r s 4 % non-cum ulative, payable out o f net earnings In the dis
cretion of the directors to the extent that net earnings warrant such pay
ment; (b) from Dec. 1 1912, 5% per annum from net earnings (determined
as provided In the m ortgage), payable if the directors shall so declare,
but cumulative to extent not paid. The Incomes have at all stockholders’
meetings one vote for each $100 par value, the condition and manner of
casting such vote being fully stated In the m tge. Div. on Incomes 1%
semi-annually paid Sept. 1911 to M ch . 1913 incl. V . 95, p . 419.
’
R E P O R T .— For year ending June 30 1912 in V . 95. p. 1118, showed:
Gross, $1,827,361; net, $532,285; other Income, $332,964: total net Income,
$865,249; lnt., taxes, & c.. $614,848; lnt. on Income bonds (2 % ), $130,000;
bal., sur., $120,401. For 10 m os. ending A pr. 30 1913, gross, $1,633,721,
agst. $1,602.858; In 1911-12; net, $396,252, agst. $506,399.
O F F IC E R S , ftc.— Pres., M. J . Carpenter; V .-P res., E . K . B olsot; S ec.;
,T v Fldler; Treas., ---------------------- Directors: M. J. Carpenter, E . K .
Bolsot. Chas. Porter, J . S. Field, A . W . H oward. F. O. W etm ore. John
1 . Beasley.— (V . 94, p. 622, 1118, 1626; V . 95. p. 419; V . 96, p. 419.)
CHICAGO U TILITIES CO.— Incorporated in Maine April 9 1912 to
succeed (per plan V . 94, p. 938, 939. 1386: V . 94. p. 350) the Illinois Tunnel
Co. and Chicago Subway Co. foreclosed Mch. 26 and April 3 1912. respecH.vely. V . 94, p. 911, 1056. 1118; V . 96, p. 652, 1089. Reorganized per
plan o f Oct. 2 1911 (V . 93, p. 938, 939, 1386.)
C om pany acquired (either directly or otherwise) all the properties o f the
several companies, free o f all Incumbrances, except certain mortgages and
liens on Chicago D ock property. In A pr. 1912 the Chicago D ock prop
erty was sold for $3,500,000 ,$609,000 4 % m tge. following the property
and the notes and hens being paid. V . 95, p. 1039.
There were com pleted in Decem ber 1912 60 miles o f tunnel, equipped
with narrow-gauge electric m otors and cars, designed for the transfer
o f freight between the various railroad terminals In the C ity o f C h i
cago, and from these tunnels to and from the downtown business dlstrlot
and between business houses; see V . 86, p . 720; V . 87, p . 1357; also tele
phone system (established b y the receivers) with 8 exchanges and over 20 000 subscribers. Present capacity o f exchanges, 27,200 telephones. See
V. 93, p . 938; V . 96, p. 652. In June 1913 application was m ade to sell
the telephone system . V . 96, p. 1700.
B O N D S .— O f the $24,000,000 new 1st 5s, $20,000,000 Ser. A are superior
In lien to the $4,000,000 Ser. B . T he present issue o f Sor. A bonds was
used to pay for the properties. The Ser. B bonds are 5 % non-cum ulatlve
Income bonds for first 5 years.
Earnings Dec. 1 1909 to July 1 1911, Excl. o f Telephone & Dock Departm ents.
Gross Income o f Tunnel C o . and W arehouse C o
. $1 233 674
N et earnings...................... ............................................. ’ $26 204
T he net earnings o f the com bined properties (exclusive o f tefephone' de
partment) In O ct. 1911 were averaging about $7,000 per m onth.
S TO C K .— A uth. stock, $50,000,000; Issued, $30,500,000 5 % non -cum .
pref. and $22,500,000 com m on, all Issued; par, $100.
Directors.— Henry W . de Forest, William Stuart T o d , Samuel M c R o b erts and Irving T . Bush, all o f N ew York; R . J. Dunham and C . W . H otch
kiss, C hicago. Pres., O . W . Hotchkiss; Vlce-Pres. and T reas., S. W . T racy;
Sec; H . S. W ilson. Chicago office, 39 So. La SaUe St.— ( V .95, p. 1118.)
36
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Chicago Utilities—
Com m on stock $22,500,000_________________
Pret stock 5 % non-cum $30,500.000................ _
1st M ser A g reel par $20,000,000-.U sm .c*& r*
19i2 1,000 &c
d o ser B g red par 54,000,000____Usm.c*&r*
1912 1,000 &c
C hicago & W abash Valley R y— Hirst m ortgage______
35 1905
1,000
Chicago & Western Indiana— Stock (see t e x t ) ..
__
100
General m ortgage gold sink fund subl to call 105 c*
1,000
48 1882
Cons M $50,000,000 g ....... .................
-IC .o*& r*
1902 1,000 &o
First and ref M $200,000,000 ______
Ba x c* & r*
1912 1,000 &c
3-year Interim notes secured by 1st A ref M red 102 H
. . . 1912 1,000 &c
Chicago & W est Michigan— See Pere Marquette B R
Chicago W isconsin & Minnesota— See W isconsin Cent
Chihuahua & Pacific— First M g o l d _______________Ba
1,000
180 1905
Cnbctaw & Memphis— See Ohio R ock Isl & Pao R y
Choctaw Okla & Gulf R R — See Ohio R ock I & Pao R y
Cincinnati Dayton & Ironton— See Clncin Ham & Day
Cincinnati Find & Ft W— 1st M g guar end red__N .c*
1,000
91 1903
Cincinnati Hamilton & Dayton— Comm on s tock ____
100
Pret, 5% (remain’ g $7,751,425 canceled;V 91 p 1092)
100
Second (now tlrst) mortgage g o l d . . ................__Fc*
1,000
59 1887
General mortgage $7,800,000 g old ....................Me.c*
1,000
59 1892
Cincinnati Dayton & Chicago first m tge’ g old _____ N
1,000
95 1892
Cln D ay & Ironton 1st M g guar (assum ed)___Ce.o*
1,000
167 1891
Cincinnati & D ayton 1st m ortgage/
All
1____
1,000
13. 1887
T oledo Findlay & Springfield 1st M .l owned J____
14 1889
1,000
1st & ref M $75,000,000 auth, part gu_Bax.c*& r*
A ll 1009
$ &£
All 1909
General mortgage $26,000,000 redeem able t e x t -.C e
Car trusts gold $54,006 due s-a begin Oct ’0 6 ..C e .c
1905
1,000
Car trusts $92,006 due sem i-annually______________
1904
1,000
Car trusts Ser A due $116,000 sem l-ann_________Ba
1910
1.000
b Incl. N ov. 30 1912. $1,351,000 in treas. and $5,4 13,000 coll, f or tem po
1908. c $2,264,000 In treas. and $207,000 c ollater al for tem p, lo
CHICAGO & W ABASH VALLF.Y R Y .— Owns McCoysburg to Dinwiddle,
In d ., 35 miles. Extension under construction from Dinwiddle to Gary,
In d ., 15 miles. In Juno 1913 sold to a syndicate headed b y R obert P .
Ingalls o f Chicago. V . 96, p. 1700. Stock, $350,000; par, $100. Bonds
outstanding, $224,000 1st 5s (of which $2,l0O in tho treasury), interest In
default being waived. Edward D . Caulkins, trustee. For year ending
June 30 1912, gross, $11,816; oper. d ef., $15,035; taxes and hire o f equip.,
$1,320. Gen. M g r., Frank E. Lewis, Kersey, Ind.; Sec.-Treas. & A u d .,
-N . G . Halsoy, Rensselaer, Ind. O ffice, Kersey, Ind.— (V . 96, p. 1700.)
CHICAGO & W ESTERN IN D IA N A R R .— Owns a valuable terminal sys•tem of roads affording entrance Into Chicago to the roads named below;
'''Its lines extend from Dearborn Station, Polk S t., Chicago, to D olton, 17 m .;
'also to Indiana State line, 10 m .; to Cragln, 16 m ., and to South Chicago,
•5 m .; total, 48 m .; total track. Including 2d, 3d, 4th tracks and sidings, 430
m .; also owns over 1,200 acres of real estate, passenger and freight yards,
warehouses, elevators, &c. The Belt R y of Chicago leases and operates
259 miles of the 479 miles owned b y the Ch. & W . I ., Its securities being all
held b y co , leasing Chicago & W . I .; see V . 60. p. 1058.
See below.
In March 1912 seven additional roads, viz.: A tch. T op . & Santa Fe, Chic.
R . I. & Pac., Illinois Central (incl. Chic. Madison & Northern), Pennsyl
vania Lines, Chicago Burlington & Quincy, M inneapolis St. Paul &
S. S. M. and Chesapeake & Ohio, agreed to become lessees and part owners
and the terminals are to be greatly improved and enlarged. The Chicago
Union Transfer R y . property (V. 73, p. 1207) has been purchased for $4,400,
000, including a clearing yard 3 H miles by a half mile, and 100 miles of
track and a capacity of 5,000 cars a day. Additional yards and tracking
will be provided as m ay be needed. The financing will continue to be done
through the Chicago & W estern Indiana, and the property leased to the
Belt R y. The existing leases to the trunk lines were readjusted so that
the rentals thereunder shall bo equal to the Interest at 4 M % on $14,000,000,
the valuo o f the old Belt C o. property, plus $4,400,000 cost o f Chic. Union
T ransfer R y . and interest on $996,000 consol. M . 4s issued for im prove
m ents to Belt R y . m ade between M a y 1 1911 and Sept. 2 1912, and Int.
« n obligations o f lessor for construction or acquisition o f Sopt. 2 1912.
Y . 94, p. 910; V . 95, p. 419, 1471; V . 96, p. 201.
L E A S E S .— This com p a n y’s road and terminals wero eased under per
petual contracts to the W abash, the Grand Trunk W est., the Chicago &
Eastern Illinois, the Chicago & Erie and the Chicago Indianapolis & Louis
ville, each of which five com panies owns $1,000,000 stock. They are also
leased to the A tchison, the Elgin Joliet & Eastern and Belt R y . Annual
rental must always exceed at least 20% lnt. on bonds outst. V . 78, p . 819.
D IV ID E N D S .—
1 ’95. ’96, ’97. ’ 98. '9 9 . ’00 to M c h ’ 13
P e rc e n t ................................................./ 7 H 6
6
6
6
6 yearly
B O N D S.— The general m tge. bonds are drawn at 105 and Interest In
•uoh annual amounts as will retire the debt b y m aturity.
Of the consol. 4s of 1902 (auth. Issue $50,000,000), $6,507,667 are re
served to retire underlying bonds and $2,459,333 for future additions equal
to at least the par value of the bonds Issued. V . 87, p. 36, 1604, 1603;
V . 88, p. 100, 374; V . 92, p. 394: V . 93, p. 1668.
Of the 1st & ref. bonds of 1912 ($200,000,000 auth. issue), with Interest
not to exceed 5 % , $50,000,000 are reserved to refund existing bonds,
$47,000,000, and $3,000,000 bonds to be Issued, $50,000,000 for additions
and Improvements to the Belt division, Including Chicago Union Transfer
R y . for $4,400,000, and $100,000,000 for new terminals and other lm p ts.to
Chicago & Western Indiana.
In Sept. 1912 sold $10,000,000 3 -yr. 5 % notes to acquire the Chic. U n.
Transfer Co. and enlarge Chicago terminals, the notes being secured by
the new m tge., under which thoy are the first Issue, bonds being reserved to
retire the same. V . 95, p. 419, 749; V. 96, p. 201.
A N N U A L R E P O R T .— Fiscal year ends Dec. 31. R eport for 1911 was In
V . 94, p. 1759, showing: Gross, $2,594,256; lnt., A c., $2,277,800; d lvs..
$300,000; bal., $16,456. Pros., Howard G . Hotzler.— (V . 96, p. 419.)
CINCINNATI BLUFFTON & CHICAGO R R — See Huntington R ich
m ond & H amilton R R .
CINCINNATI F IN D LA Y & FORT W AYN E R Y — Owns Findlay, O ., to
F t. W ayne, In d ., 80 m .; also connecting link with the Cln. Ham. & D . from
C elph os to Mandate, 12 milas; sidings, 13 miles. V . 77, p. 88, 694.
Leased to Cin. Ham. & D. for 99 years from N ov. 1 1903, with privilege of
renewal for like periods forever. V . 78, p. 286. S tock, $1,250,000. all
owned b y the Cln. Ham. & D ., which guarantees bonds, prin. and interest.
M tge. Is limited by special agreement to $1,150,000. or about $12,500 per
m ile. Bonds are subject to call at 102 4$ and Interest. V . 78, p .2 8 6 ,3 4 2 .
701. Form o f guaranty, V . 78. p. 701.— (V . 96, p. 697.)
CIN. GEORGETOWN & PORTS. R R .— See "E lectric R ailw ay S eotion .’
CINCINNATI HAMILTON & DAYTON R Y .— The system includes:
Proprietary roads—
M iles.
Road owned—
M iles.
Cincinnati to Dayton, O ____________ 59Cincinnati Ind. & W estern------ *361
D ayton to Ironton, O __________ 160 Cincinnati & D a y ton __________
13
D ayton to Delph03, 0 ................
95 Columbus Findlay & N orthern.
18
19
T r a o k a g e ---------------------------------45 Bowling Green R R ------------------Roads leased— ( ’ See this co.)
Plqua & T roy B ranch-------------8
D ayton & M ichigan.......................*142 Clno. Findlay & Ft. W ayne---- *91
H om e A v e. R R ------------------------3
Total of all---------------------------- 1.014
Also owns D ayton & Union Jointly with Clev. Cln. Chlo. & St. L . and
Jointly with Sou. R y . controls Cln. New Orl. & T ex. P. R y . V . 75, p. 978.
m 1911 sold the $11,000,000 Pere Marquette R R . stock. V . 92, p. 596.
O R G A N IZ A T IO N .— The com pany resumed possession on Aug. 19 1909tho 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 b y the B. & O. R R ., and the ownership of the controlling
stook Is to be acquired b y that com pany at the end of 7 years from July 1
1909 at a price then to be fixed b y arbitrators; during the 7 years said
ontrol Is to be vested In three voting trustees, one President of B. & O.
Rate
%
$22,500,000
30,500,000
5.000,000
5 g
4,000,000 See text.
222,000
5
5.000,000
6
6,395,000
6 g
4 g
43,515.000
See text
10,000,000
5
2,360,000
5 g
When
Payable
[ V o l . XCVI
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
U S Mtg & T r Co,
A & O A pr 1 1942
do
do
Apr 1 1942
See text.
& J July l 1930
J
Q—-M 31 M ch31’ 13,1 H% Chicago
J P Morgan & Co,
Q — M Deo 1 1932
III Tr & S Bk.Chlo:
,T & J July 1 1952
M & s Sept 1 1962
J P M organ & C o ,
M & s Sept 1 1915
do
do
J
&
J Jan 1 1955
1,150,000
4 g
M & N N ov 1 1923
8,000,000 See text
T ext
Deo 24 1903 2%
248,575
2,000,000
4 A g ,T & J Jan 1 1937
J
3.000,000
& D June 1 1942
5 g
1,200,000
4
A & O Apr l 1942
3,500,000
5 g
M & N May 1 1941
300,000
4 >4 J & J July 1 1937
300,000
6
A & O Oot 1 1929
bl5,941,000
4
J & J July 1 1959
c20.000.000 See text See text July 1 1939
324,000
g A & O T o A pr 11916
276.000
4 H « A & o T o Oct 1 1914
1,624.000
5
J & D T o June 1 1920
rary loans. there Is a Iso $13.0 00,000 add’l und
ans.
N r
N T
&N
N Y
Office 80 B roadw ay, N Y
J P Morgan & Co, N Y
Cincinnati
J P Morgan & Co, N
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J P Morgan & Co, N
R W inthrop & Co, N
J P Morgan & Co, N
er purch. m oney notes
T
Y
V
Y
of
B O N D S.— The bond Issues created under aforesaid plan are:
1 First and refunding Mortgage dated July 1 1909, Auth. Issue, $75,000,000.
Covers all the railway, all leasehold rights, all stocks of operated lines and
all property acquired b y use o f said bonds. (See V . 88, p. 1498; V . 90, p.
771.)
(1) A m ount Issued $27,500,000. viz.:
(a) For Indebtedness, improvem ents ($5,000,000), <Sco_________$14,500,000
(ft) For collateral to $11,557,000 4 % purchase m oney n o t e s .. 13,000,000
(2) Reserved for future use, $47,500,000, viz.:
(a) F or additions, improvem ents and betterm ents___________ 23,721,000
lb) For refunding underlying bonds___________________________ 23.779,000
The bonds specified above as (ft) and (c) and $5,500,000 of those named
as (a) are guaranteed, prln. and ln t., b y the Baltimore & Ohio R R . Co.
In April 1911 authority was given to Issue $1,559,000 1st & ref. M. 4 %
bonds to tho B alt. & Ohio for improvements and now equipm ent, and In
M a y 1913 application was m ade to Issue $787,000 bonds to ropair flood
damage. V . 94, p. 1056; V . 96. p. 1488.
Under supplemental agreement dated July 1 1909 (V . 89, p. 469) $11.
557,000 4 % purchase m oney notes dated 1908 and due July 1 1913,
are secured by pledge of $13,000,000 new “ first & refunding" 4s. These
notes wero guar, b y B . & O. and will bo taken up b y it. V . 96, p . 1700.
2. General Mortgage (see table at head o f page)— Total Issue, $20,000,000.
The $20,000,000 generals b y their terms draw Interest as follows: 4 M %
dependent upon Income until July 1 1911: then 1% fixed and 3 H % depend
ent upon Income until July 1 1914; then 3 % fixed and 1 >4% dependent
upon Income until July 1 1916; thereafter 4J^% fixed. Fixod Interest
J . & J .; non-cum ulativo Income lnt. N o v . 1 yearly; $2,000,000 o f the issuo
carry special coupon attached for private bankors b y Bankers Trust
C o ., payable N o v . 1 from cash already on deposit, making their Inter
est full 4 % (V . 94, p. 206). All the existing generals are callable any July 1
prior to July 1 1916 for new 4 % secured by the gen. M. and guaranteed by
the B. & O. as to prln. and lnt.; they are also subject to call for paym ent
In cash at par & lnt. The 4 % guaranteed bonds, If Issued, will be callable
at 103 & int. any J . & J. N o “ incom e interest’ ’ was paid for tho fiscal year
ending June 30 1912. V. 95, p. 817.
During July 1916 (or sooner, In case of earlier acquisition b y B . & O.
of the controlling stock) the B. & O. will, upon dem and, unless said gen.
m tge. 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 b y said gen. m tge. and guar. prln. and lnt. b y the
B . & O.; the B. & O. to elect whether to make such purchase or exchange.
G U A R A N T IE S .— Guarantees securities of Cln. In d . & W est., D ayton &
Mich, and Cln. Find. & Ft. W ayne; also $933,000 Ind. Deo. & W est. 5s.
Also guaranteed $9,207,000 Pere Marq. ref. 4s. V . 85, p. 653: V . 87, p.1355.
E A R N IN G S .— 10 m o s.J 1912-13____Gross, $8,300,954; not, $1,390,923
July 1 to April 30.
\1911-12____Gross,1 8,221,158; net, 1,731,175
R E P O R T .— R eport for year ending Juno 30 1912 In V . 95, p. 1317.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Average miles oporatod_____________
1,015
1.020
1,036
Gross oarnlngs________________________ $9,825,321
$9,570,282 $9,446,524
N ot In co m e _________________________
2,302,121
1,907,407
1,647,156
2,339,925
2,091,925
1,776,219
D educt Interest on bonds____________
Interest on bills payable, & c-------------27,735
37,393
125,684
Rentals and hire o f equipm ent______
552,348
439,216
465,516
Balance, d eficit, for year...................
$617,887
$661,046
$720,263
O F F IC E R S .— Pres., Daniel Willard; VIce-Pres., Geo. F. R andolph:
Treas. and A sst. S ec., F. M. Carter; S ec., C. W . W oolford.
Directors.— Oscar G. Murray. L. F. Loree, Geo. F. R andolph, G. M .
Shrlver, Goo. W . Perkins, H . P. Davison, Frederick W . Stevens, Daniel
W illard, Joseph W ood , E . R . B acon, G. \V. W oolford. F. D . Underwood.
Harry Bronner, Norm an B . R eam .— (V . 96. p . 486, L188, 1700.)
CINCINNATI IN D IA N A PO LIS & WESTERN R R .— H am ilton, O .. to
Springfield, 111., 284 miles: Stdell, III., to West L iberty, 77 miles; trackage.
W est Llborty to Olnoy, 8 milos; sidings, 77.5 miles. A consolidation Sept.
1902.
V. 75, p. 239, 289, 497, 732. Stock authorized, $8,200,000; issued,
$7,115,800; all owned b y C . H . & D ., which received dividends theroon In
1902-03, $126,798; in 1903-04, $167,322; in 1904-05, $156,095.
B ON DS.— T he "first and refunding” 4s of 1902 ($8,200,000 authorized
Issue) are guar., prln. & lnt., b y C. H . & D. by endorsem ent. V . 75, p.
1201, 1335; V . 77, p. 1290. Guaranty, V . 78, p. 2011.— (V . 89, p. 469.)
CINCINNATI INTER-TERiMINAL R R .— Owns a road 0.0 m. In length
connecting the Chesapeake >5o Ohio bridge and the Cln. H am . & Dayton
terminals. Controlled by Chesapeake & Ohio R y . Common stook, $10,000
In $100 shares. Issued for purpose of control. There Is authorized $1,000,
000 of first pref. 4 % cum . stock secured by mtge. to tho Union Savings Bank
& Trust Co. of Cincinnati, as trustee, and rentals paid b y Chcs. & Ohio and
Louisville & Nashville, and subject to call on any lnt. day after Feb. 1 1915
at 105. V . 79, p. 212; V . 80. p. 1728, 2398, 2620. Rentals received for
year ending June 30 1912, $33,345; dlvs., $32,946; b al., sur., $399. Pres.,
Geo. W . Stevens.— (V . 80, p. 2620.)
CINCINNATI LEBANON & NORTHERN R Y .— Owns Cincinnati, O .. to
Dodds, 38 miles, Incl. 6 miles from Lebanon to Dodds, leased to Dayton
Leb. & Cln. R R .: Juno.'Jto Middletown, O .. 1 4m .; total, 52 miles. Stook
$1,500,000, all outstanding and owned by Pitts. Cin. Chic. & St. Louis R y .
V. 75, p. 980. Dlv. of 3% paid in 1906, 1909 and 1910: 1911 a n d l9 1 2 ,4 % .
Of the $1,500,000 first cons. 4s of 1902, guar. prln. & lnt. by the Pennsyl
vania Company, $200,000 are reserved to retire the 5s due 1916. V . 77. n.
86. Cal. year 1912. gross, $509,634: net, $108,477; other Income, $52,600;
charges, $83,322; divs. (4 % ), $60,000; surp., $18,755.— (V . 77, p. 86).
CINCINNATI NEW ORLEANS & T E X A S PACIFIC R Y .— (See M ap of
Southern R y .)— Operates Cincinnati Southern R y ., owned by city of Cin
cinnati, Cincinnati to Chattanooga, T enn., 335 miles; trackage, 2 m. Owns
entire stock of Harrlman & N. E. R y .. 20 m ., op . separately. V .7 7 ,p .l7 4 3 .
In 1901 lease was extended 60 years to Oot. 12 1966; rental until O ct. 12
1906 was modified beginning July 12 1902 to $1,050,000 yearly, the re
maining $50,000 per quarter to be deferred as It accrues and to boh a ld quar
terly at rate of $40,000 yearly, with Int. on def’d payments at 3 % : rental
under renewal to be $1,050,000 yearly for first 20 years, then $1,100,000 for
June. 1913 j
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
Cin Ham & Dayton— (Con.)
Ind Dec & W 1st M gold re d /n o t guaranteed— Ce
at 110................................... lgu ar p & 1 (en d )— c
O I & W 1st & ref M $8,200,000 g gu p & 1 en d , _Eq
Dayton & Michigan first mortgage guar p & 1 e n d .c
Plqua & T roy 1st M $250,000 gold guar p & 1------ c
Cincinnati Find & Ft W 1st M g guar end red__N .o*
Clncin Sc Ind Western— See Chicago Clncln & Loulsv
Cincinnati Indianapolis & Western— See Cincinnati H
Cincinnati Inter-Terminal RR— 1st pref stir (see text)
Cincinnati Lebanon & Northern— First m ortga ge.__c
1st con M $1,500,000 g gu p & 1 end (V 75 p 1398) . 0 *
Cin & Musk Val— See Cleve Akron & Cincinnati R y .
Cln New Orl & Texas Pac— Common stock $3,000,000
Preferred stock (p&d) 5 % cum ulative $3,O0O,O00._
Equip trusts Ser B due $97,000 s-a (V . 82, p 9 2 8 )-do
Ser C due $50,000 s-a (V 92, p 1031) .Ba
Cincinnati Northern— 1st M $3,000,000 gold__Q .o*& r
Cincinnati Richmond & Ft W — 1st M gold lnt g u a r.c
Clarksburg Northern RR — 1st M g red te x t...................
Par
Value
37
Amount
Outstanding
Rate
$ 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
$ 2 ,2 2 9 ,0 0 0
9 3 3 ,0 0 0
4 , 7 2 2 ,0 0 0
2 ,7 2 8 ,0 0 0
2 5 0 ,0 0 0
1 , 1 5 0 ,0 0 0
5 g
5 g
4 g
4H
4 g
4 g
J
J
J
J
M
M
&
&
&
&
amllto n & D a y to n
100
T ext
1 ,0 0 0
38 1886
1 ,0 0 0
52 1902
8 1 8 ,0 0 0
2 0 0 ,0 0 0
1 ,2 3 0 ,0 0 0
4
5
4 g
F
J
M
& A F e b 1 1 9 1 3 2 % Cincinnati
& J Jan 2 1 9 1 6
Central Tr & S D Co, Cln
& N N ov 1 1 9 42
Farmers’ L & Tr Co. N Y
M iles
Date
Road Bonds
\
/
262 J1895
11895
1902
1881
1899
1903
361
142
9
91
1906
1911
1901
1871
1911
100
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
500
Clearf’ d & Alahoning— Stock 6 % rent $1,000,000 auth
First mortgage gold guaranteed B R
P ___Q.o*&r
'2 6 1893
Cleveland Akron & Cin— Stock $12,000,000___
Clev A k & Columbus gen M (now first) gold
177 1887
First consol, mtge $4,000,0001 guaranteed p & 1 end l 177/ 1900
gold sinking f u n d . . ............J not guaranteed___ /
i 1900
148 1898
Cln & Mask Val 1st M $2,000,000 g gu p & 1 s f-F .o*
Cleveland Cincinnati Chicago & St Louis— Com stock
Preferred stock 5% non-cum ulatlve_____________ L.
171 1880
C I St L & C con M drawn at 105 sink fund 1% - - 0 *
1886
Gen 1st M $10,000,000 g s f not draw n— Ce.o &r
391 1874
Cleve Col Cln & Ind consol mortgage (see te x t)-----391 1884
Gen cons mtge ($12,000,006) gold --------U s.o '& r
72 1869
Indian & St L 1st M In 3 series of $667,000— Us.c
62 1890
Clev Cln Chic & St L W hite W at Val Dlv 1st g-C e.o*
45 1890
Spr & Col Dlv (Col Spr & Cln) 1st M gold ------ Ce.o*
267 1890
Cairo Division 1st M $5,000,000 gold ............Ce.o*
194 1890
St Louis Dlv coll tr gold IS590.000 In s f)__C c c&r
50
1 ,0 0 0
100
6 0 0 &o
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
100
1 ,0 0 0
1 ,0 0 0 & c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
5 0 0 &c
1 .0 0 0
1 ,0 0 0 &o
:::
86
—
Sc
•*x” Ser. " A ” are J. & J.: ser. “ B ,” M. & S .; ser. " C .”
%
When
Payable
&
Sc
,T J a n
J Jan
,T J a n
J Jan
N N ov
N N ov
3 , 0 0 0 . 0 0 0 S ec t e x t . J &
n
2 ,4 5 3 ,4 0 0 5 in 1 9 1 2
0—M
5 8 2 ,0 0 0
4 >6 g M & N
8 0 0 ,0 0 0
M &N 15
4H
1 .1 4 4 ,0 0 0
4
J & J
1 ,8 0 0 .0 0 0
7 g
I Sc 1)
3 2 1 .0 0 0
5 g
A Sc O
9 0 0 ,0 0 0
6 5 0 ,0 0 0
7 ,5 0 0 ,0 0 0
1 ,8 0 0 ,0 0 0
1 ,0 2 3 ,0 0 0
5 7 5 ,0 0 0
1 ,7 4 0 ,0 0 0
4 7 ,0 5 6 ,3 0 0
1 0 . 0 0 0 ,0 0 0
6 1 1 ,0 0 0
7 , 0 8 3 ,0 0 0
4 ,1 3 8 .0 0 0
3 ,2 0 5 ,0 0 0
2 , 0 0 0 ,0 0 0
6 5 0 .0 0 0
1 ,1 0 3 ,7 3 0
5 ,0 0 0 ,0 0 0
1 0 ,0 0 0 ,0 0 0
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
J Sc J
6
& J
5 g J
6 in 1 9 1 2 S ee te x t
5 g
M
& S
4 g
F & A
F & A
4 g
F & A
„
4 g
See text M & S
5 in 1 9 1 2
Q— J
M Sc N
6
4 g
w—
Sc D
7 or 6 g J
6 g J &> J
“ X
7
4 g
r & J
M & S
4 g
4 g J & J
4 g M Sc N
1 1935
1 1935
1 1953
1 1931
1 1939
11923
Central Trust Co,
do
do
J P Morgan & Co,
do
do
Un Sav Bk Sc Tr Co,
J P Morgan Sc Co,
N Y
N Y
Cln
N Y
J ’n e 13 1 9 1 3 5 M Cincinnati
do
J ’n e 1 1 9 1 3 1M
N o v ’1 3 -M a y T 6 Equitable Trust Co, N Y
N ov ’1 3 -M a y ’2 1 Bankers Trust Co, N Y
Guaranty Trust Co, N 1
J u ly 1 1 9 5 1
W Inslow,Lanler&Co..N Y
June 1 1921
U nT r Sc Dcp Co, Parkers
O ct 1 1 9 4 5
burg, W Va
J u ly 1 1 9 1 3
Jan 1 1943
M ch 2 5 T 3 3 %
W inslow,Lanler& Co.N Y
M ch 1 1 9 2 7
do
do
A ug 1 1 9 4 0
A ug 1 1 9 4 0
do
do
A ug 1 1 9 4 8
Farm L Sc T Co, N Y
Sept 1 1910 2 %
do
do
J u ly 2 1 1 9 1 3 1 M
do
M ay 1 1 9 2 0
do
do
do
A ug 1 1936
do
June 1 1914
do
do
Ja n 1 1934
do
J u ly 1 1 9 1 9
do
do
J u ly 1 1 9 4 0
do
do
do
Sept 1 1940
do
Jan 1 1939
do
do
N ov 1 1 9 9 0
do
do
M .&N .
M.&N
20 years; thereafter $1,200,000. V . 73, p. 722; V . 74. p. 1251; V . 95. p.
1402. Pref. stock has prior rights on dissolution, but no voting power.
V . 74, p. 528. 829.
D IV ID E N D S .— / ’03. ’01. ’05. ’00. 1907-10.
191
’ l l . ’ 12.
1913.
C om m on, % _____ f 2
2
5 5 lA
5
8
11 June, 3 & 2 H ox,
1911. June, 2 ^ ; D e c ., 3 and 2'A extra; 1912,
S TO C K .— Comm on, $3,000,000, controlled In Interest of Southern R y .
and Cincinnati Hamilton & Dayton R y . V . 61. p. 26; V . 65, p. 1173.
L A T E S T E A R N IN G S .— /1 9 1 2 -1 3 -.G ross, $8,630,503; net, $2,890,530
10 m os., July 1 to April 30. \1911-12..G ross, 8.027,705; net. 2,701,148
A N N U A L R E P O R T .— R eport for year ending Juno 30 1912 was in
V . 95, p. 1469, showing: Gross, $9,756,266; net, $2,994,264; other Income,
$313,991; int., rentals, & c., $1,361,090; im pts., $579,342; div. on prof.
( 5 % ), $122,670; d lv. on com . (1 1 % ), $330,000; b al., surplus, $915,153. In
1910-11, gross, $9,205,405; not, $2,818,288.— (V . 95, p. 1469.)
mel Sc Northern R y ., which Is operated under 99-year operating agreem ent.
V . 83, p. 817, 1098; V . 92, p. 807; V . 93, p. 871; V. 94, p. 840; V . 95, p. 8 9 0 .
H IS T O R Y , & c.— A consolidation of the Cincinnati Indianapolis St. L ouis
& Chicago Railway C o., the Cleveland Columbus Cincinnati Sc Indianapolis
Railway Co. and the Indianapolis Sc St. Louis Railway C o., m ade In July
., 3 & Of
2 /4the
ext.
1889, per planJuno
In Vand
. 48,Dp.e c427.
com . stock. $30,207,700 was In Jan.
1913 owned b y the L . S. & Mich. So. R y. V . 72, p. 8 6 ; V . 82, p. 749.
The stockholders voted on N ov. 25 1912 to purchase the Cairo V in
cennes Sc Chicago R y ., Cincinnati & Springfield R y ., Columbus Springfield
Sc Cincinnati R R ., Findlay Belt R y ., Harrison Branch R R . and C hicago
Indianapolis & St. Louis Short Line R y . V . 95, p. 418, 890, 1472.
The com pany Is also one-eighth owner of Peoria Sc Pekin Union R y .
(through the P eo. Sc East. R y .), one-fourteenth owner In Terminal R R .
Association of St. Louis, and two-fifths owner of Indlanap. Union R y ., and
part owner of Cent. Indiana R y ., Cent. Union Depot Sc R y. of Cincinnati,
Union Depot of Columbus, Dayton Union R y ., Dayton Sc Union R R ., M uncle Belt R y ., which are operated Independently.
CINCINNATI NORTHERN R R .— (See M ap Cleveland Cin. Chicago A StD IV ID E N D S .199. ’00. ’01. ’02 to ’07.’0S. '0 9 . ’ 10. ' l l . ’ 12.
1913.
Louis.)— Owns Franklin, O ., to Jackson, M ich., 205 miles; trackage (C. C
3
3 H 4 yearly 1
2
2
0
0
O. & St. L . ) , Franklin to Cincinnati, 39 miles; at Jackson, 1 mile. On Jan. 1 C om m on......... % iO
5
5
5 yearly 5
5
5
5
5l K . U i . l X , 1913 Clev. Cln. Chic.
St. L. owned $1,707,400 of the $3,000,000 stock P re fe rre d ------ % J 5
and $581,000 bonds. D ivs. paid in M a r. 1910 & ’ 1 1 .3 % ; 1912 & '13. U 4 % BO N D S.— The sinking fund provision o f the Cleveland Columbus Cincin
For cal. year 1912, gross, $1,418,645; net incom e, $183,457; charges, nati <& Indianapolis consol, bonds (stamped) has been canceled. The prin
$163,006; divs. ( l / 4 % ) , $45,000; bal., d cf., $21,550. For 4 mos. ending cipal Is payable In gold, but the Interest at option of holder, either In lawful
April 30, gross, $364,503, agst. $422,799 in 1912; op . d ef., $57,177, agst. m oney at 7 % per annum or in British sterling at 6 % .
not. $6,414. Pres., W . C . Brow n.— V. 95, p. 1118; V . 95, p. 480.)
St. Louis Division bonds, see deed of trust, V . 52, p. 42-45.
The 100-year mortgage of 1893 Is limited to $50,000,000.
In 1912
CINCINNATI RICHMOND & FORT W AYN E R R .— Owns from R ich $22,009,000 gen. 4s were reserved for prior liens (exclusive of Cairo division,
m ond, In d ., to Adam s, In d ., 8 6 m .; leases 5 m. of P. F t. W . & C. Now op Peoria Division, Michigan Division and the St. Louis Division west of Terre
erated (June 1913) by Grand Rapids & Indiana R y . Rental, net earnings- H aute), and $170,000 for equipment, construction and betterm ents.A c..
St. L Co.
Int. Is guaranteed by the Pennsylvania Co. and Pitts. Cln. Chic.
$1,000,000 yearly. See V . 78, p. 1446: V . 79. p. 733; V . 83, p. 379; V . 87
Jointly (the P. C. C. & St. L. taking the place of the Cln. Ham. & Dayton
p. 1010; V . 90, p. 626, 1044: V . 94, p. 1118.Guarantees Chic. Indiana p. Sc
In 1888). Stock, $2,186,600 (par $50), of which Penn. Co. owns $1,277. St. L . Short Line R y ., Cent. Indiana R y. and Springfield Union Depot Co.
009. Due guarantors Dec. 31 1912, $1,916,163.
bonds. V . 77, p. 510, 517, 769, 1363. 2280; V.78,p.1906, 1961; V .7 9.P .2 5 89 ;
V . 95, p . 1541.
,
,
,
Year end. Dec. 31.
Cross.
Net.
Interest, A c .
Balance.
The stockholders tfo v . 17 1909 authorized $20,000,000 bonds, of whlcb
1 9 1 2 ................................$793,950
$162,466
$198,048
d ef .$35,582
$9,650,181 4s sold May 1910, payable In francs, and $10,000,000 4 H s In
146,982
197,269
def.50.287
1911 ............................... - 735,120
June 1911 to provide for $5,000,000 notes and Im prov’ ts. V . 89, p. 720.
CINCINNATI UNION DEPOT & TE RM IN A L CO.— V . 94, p. 1695.
778, 1141; V. 90, p. 1238. 1296. 1424. 1554; V. 91, D. 1710; V . 92, p. 1700
The stockholders voted on O ct. 30 1912 to guarantee not to exceed
CLAR KSB U R O NORTHERN R R .— See page 138.
$5,000,000 Evansville M t. Carmel & Northern R y . bonds, of which $2.
C LEA R FIELD & A1AHONINQ R Y .— (See M ap B uf. Roch. A P itts.)— 082.000 have been Issued. V . 95, p. 890.
Jointly with four other roads covenants to pay New York Central Lines
Owns road, com pleted In 1893. from Du Bols Jet., Pa., on Buf. R . & P ., to
Clearfield on Beech Creek R R ., 26 miles. Leased during corporate existence $61,000,000 equipment trusts o f 1907, 1910 and 1912, the com p any’s share
and renewals thereof to Buffalo Rochester
Pittsburgh— which see— at a o f equipment trusts Dec. 31 1912 being $2,466,898, $2,595,136 and $2,
398,353, respectively. V. 85, p. 1401; V . 8 6 , p. 168; V . 8 8 , p. 761; V . 90.
rental payable In gold and equal to 6 % on $ 1 ,0 0 0 , 0 0 0 stock, par $50, and 5 %
on bonds, the latter being guar., p. & 1., by endorsem ent.— (V . 89, p. 1141.) p. 1677; V . 93, p. 1726.
G E N E R A L F IN A N C E S .— Capital stock per mile o f road owned D ec. 31
C LEVELAN D AKRON & CINCINNATI R Y .— (See M aps o f Pennsyl 1912, $35,018; bonded debt, $53,847.
vania R R .)— Owns from Hudson. O ., to Columbus, O .. 144 miles; Klllbuck
E A R N IN G S .— 4 m o s .,f 1 9 1 2 -1 3 ...G ross, $10,154,473: net, $1,059,462
to Trlnw ay, 34 m .; Morrow to Trlnw ay, 148 m .; AppleCreek branch, 9 m .;
Jan. 1 to April 30. \ 1911-12--.G ross,
9.735,977; net, 1,866,880
total owned, 335 m. Owns a fourth Interest In Akron & Barberton Belt
R E P O R T .— R eport for year ending D ec. 31 1912 in V . 96, p. 786, 799.
R R ., 24 m ., and half interest In Zanesville Term R R ., 5 m. V. 76, p. 435.
Year
ending
Dec.
31—
1912.
1911.
1910.
A consolidation July 1 1911 of the Cleveland Akron & Columbus R y. and
Cincinnati & Muskingum Valley R R . Pennsylvania Company ow ns $7, Railroad revenues____________________ $32,714,238 $30,431,915 $30,423,005
Operating incom e (after taxes)________ $7,135,769 $6,637,608 $5,879,655
498,487 of the $7,500,000 outstanding stock. Operated b y Pennsylvania
756,808
707,731
820,814
Co. under arrangement terminable on 6 m os.’ notice, the net earnings to Other Incom e_________________________
go to C. A .
C. V. 93. p. 1669. First d iv., 2 % , paid Sept. 25 1911;
$7,345,340 $6,700,469
Gross corporate incom e___________ $7,892,577
in 1912, 6 % (M . & S .); 1913, M arch, 3 % .
$132,500
$120,000
Rentals o f leased lines_______________
$301,362
Of Cleveland A k.
Col. 1st consol, gold 4s of 1940 (Commercial T r. Co.,
3,426,393
3,827,672
Interest on bonds, & c________________ 3,975,338
Phlla., trustee), $1,023,000 arc guar., p.
I., b y the Penn. Company:
896,142
763.307
Hire
o
f
equipment,
including
interest
505,122
$1,800,000 are reserved to retire the gen. 5s due 1927; V . 71, p. 390; V . 76.
676,530
668,505
Other r e n ts ---------------------------------------623,881
p. 653: V . 77. p. 1746, 2280.
98,315
62,465
Loss on prop’s oper. separately_____
125,956
Penn. Co. also guarantees Cln.
Musk. Val. bonds; see form , V . 76, p.
43,441
53,425
Discount
on
debenture
b
on
d
s_______
653. Oar trusts D ec. 31 1912, $348,062, due $85,746 yearly. R eport for
M iscellaneou s-----------------------------------16,566
cal. year 1912 in V . 96, p. 1697, showed: Gross, $3,857,477; net inc.,
Dividends on preferred, 5 % ................
500,000
500,000
500,000
$880,803; charges, $252,505; sink, fd s., $16,294; prin. car trusts paid off,
Dividends on com m on, 2 % ..................
941,126
$5,599; im prov’ts, $155,896; divs. ( 6 % ), $450,000; bal., sur., $508.— (V.
96, p. 1364, V . 96, p . 1697.)
Balance, surplus for year------------------$1,844,352 $1,301,615
$34,371
C LEVELAN D CINCINNATI CHICAGO & ST. LOUIS R Y .— (See Maps
O F F IC E R S .— Pres., W . C . Brown, New York; Vice-Presidents, John
N . Y . Central A II. R . R R .)— R O A D .— Radiates from Indianapolis. In d ., Carstensen, A . H. Smith, A . II. Harris, W . K . Vanderbilt Jr., C . F .
westerly to Chicago, Peoria, Cairo, 111., St. Louis, easterly to Sandusky, D aly and J. J. Bernet; Sec., Dw ight W . Pardee, N . Y .; T reas.. M ilton S.
Cleveland, Columbus and Cincinnati, O ., and southerly to Louisville.
N. Y.
]^fi Igs Barger,
Owned Directly—
Miles.
Directors.— William K . Vanderbilt, Fred’ k W . Vanderbilt. Chauncey M.
Cleveland, O ., to Columbus, 0 .- 1 3 8
Jointly Operated—
Depcw, J. Plerpont Morgan, William C. Brown, Geo. F. Baker, W m . K .
44 Vanderbilt Jr., W m . Rockefeller, W m . II. Newman, James Stillman,
Gallon, O ., to Indianapolis______ 203 Cole. Ind. Sc St. L. Short L in e ..
Delaware to Springfield..... ............... 50
Trackage Into Cincinnati, & c.
32 W alter P . Bliss, Lewis Cass L edyard, N ew Y ork; Frank J. Jerom e, C leve
Cincinnati to Lafayette...................170 Trackage Into Jeirersonvlllc____
53 land; Leonard J. H ackney, Cincinnati.— (V . 95, p . 480, 817, 890, 1039.
Indianapolis to Terre H aute_____ 67 Trackage Into Toledo (V. 79, p.
1206, 1472, 1541; V . 96, p. 1364, 1628.)
Harrison Branch_________________ 7
1023, 2696)............................
48
C L E V E L A N D L O R A I N & W H E E L I N G R Y — (See M ap B . & O .)— Owns
Leased—entire stock atoned—from
Lorain. O . . to Bridgeport, O ., opposite W heeling, W . V a. 158 m .: Les
Cincinnati Lafayette & Chic. R y . 57
Total Included In ea rn in g s..2,012
ter to Cleveland. 28 m .,a n d branch to Bellalre. O ., 6 m .; operated, St. ClairsCairo Vincennes Sc Chic. R y .—
Operated; earnings kept separate—
vtlle
S
c Northern. 3.33 m .; total. 195 m .: and has trackage Into W heeling.
Peoria
S
c
Eastern
R
y
___________
*
3
5
1
Cairo. 111., to Tilton Sc b ra n ch .261
V. 80, p. 1174. Operated by B. & O ., which owns all of the stock, $8,000,000
St. L . D lv., T . H. to E . St. L ..1 9 0 Cincinnati N orthern____________ »246
oom . and $5,000,000 pref. See V . 72, p. 480; V . 73, p. 236; V . 86. p. 602.
Kaukakee Sc Seneca R R ______
42
Columbus Springfield Sc Cln.—
O f t h c 4 H s , $6,000,000 to retire old 5s; V .7 0 ,p . 230,480.— (V . 87. p.1416)
2
Columbus, O ., to S prin gfield .. 45 Mt. Gilead Short L ine................
W hite W ater— Harrison, Ind., to
Loulsv. & Jcffersonv. Bridge .
*3
C L E V E L A N D & M A H O N I N G V A L L E Y R Y . — Owns from Cleveland, O .,
Hagerstown, In d --------------------- 62
to Sharon, P a.. 81 miles (57 double track); Niles, O . , to New Lisbon. O . .
Cln. Wabash Sc Michigan R y .—
Total of system Dec. 31 '1 2 ..2 ,6 5 6 and branches, 36 m. Leased to Nypano R R . (form erly N. Y . Penna. Sc
Benton Harbor to Rushvltlc &C.249 Trackage 111. Cent. Into Chlc.l
Ohio) till 19821 rental $525,967 per annum. Coupon Interest Is J. Sc J .,
On percentage basis............../ 5 6
registered Interest, Q .-J. Stock Is $3,259,200, of which $3,258,250 Is held
Other lines________________________ 94
Operates Independently—
Cincinnati Sandusky Sc Cleve. R y .—
by "A tla n tic First Leased Lines Rental Trust C o., Lim ited,” of L ondon
47
Sandusky. O., to D ay’ n, O.. &C.170 Dayton & Union R R .* _________
Dividends In 1897, 13 H % : 1898 to 1904. both Inclusive, 1 3 p ;% yearly: In
Leased andControlled—
1905, 11.42% ; in 1906 to 1911, 11.40% ; 1912, 8 ^ % . — (V . 63, p. 968.)
Double track__________________ 378
Cincinnati Sc Springfield R y -----48
C L E V E L A N D & P I T T S B U R G H R R . — (See M ap Pennsylvania R R .)—
Colum. H ope Sc Grecnsb'g R R .
24
*Sce this com pany.
Cleveland. O ., to Rochester, P a.. 124 miles; branches: Bayard. O ., to R os
A new double-track line from Evansville to Mt. Carmel, In d ., 32 miles, well, O ., 39 m .; Yellow Creek to Bellalre, 43 m .; trackage, Rochester to
Pittsb. (P . F t. W . Sc C hic.), 26 m .; other trackage. 23 m .; total, 255 mileswas opened July I 1911 under the charter of the Evansville M t. Car-
Sc
St
Sc
Sc
Sc
Sc
Sc
38
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Clevc Cine Chic & St Louis (Concl)—
Clncln W ab A Mien DIv first mtge gold____Us.o
Gen M 100 years tor $50,000,000 gold . Ba.xo* &r
Ch I A St L S L 1st M $3,000,000 gold g u ..C e ,c * A r
Bonds $20,000,000 authorized_____________________j
Obligations or Proprietary Lines.
Cincinnati Sandusky A Cleveland— Preferred stook .
Consol (now first) mtge $3,000,000 g o ld _ ..A B .o
Central Indiana first mtge $4,000,000 gold guar.Ce
E vansv M t Car & N o 1st M .$5,000,000 gu a .x c* & r*
Louisville A Jeffersonville Bridge 1st M— See thatCo
Cleveland Columbus Cincinnati & Indianapolis— Clevc
Cleve Lorain & Wheel— Con mtge (now 1st) g-U sm .c*
General mtge $1,000,000 gold redeem at 105____ N
Cons ref mtge $10,000,000 gold red at 102 )4 ..E q .o *
Cleve & M V— Cons M (now first) $3,000,000 g.C e.c& r
Cleve & M ar—See Toledo Columbus A Ohio R tv. R y .
Cleve & Pittsburgh— Stock 7 % guar by Penn R R Co
Special betterment stock $28,738,135 a u th gu a r4 %
Gen M $10,000,000 gold . _ FI Series A A B ............c*
Guaranteed prln and Int ISeries C & D ______ c*
(endorsed) Penn R R ..J S e r ie s B Int re d u c e d ..
Cleveland Short Line— Stock rental guaranteed______
1st M ($20,000,000 authorized) guar______ G x c’ Ar
Cleveland Terminal & Valley— See Baltimore A Ohio.
Coal & Coke— First m ortgage $5,000,000 gold _______
Coal & Iron— See W estern M aryland.
Coal River R y— See Chesapeake A Ohio.
Colebrookdale— 1st M $593,400 und R ead M of 189 7 .c
Colorado & Eastern R R — First M red 105_____ Eq.c*
Colo Midland— 1st M $10,000,000 (V 71, p 139).C e.o*
Colorado & Southern— Common stock $31,000,000___
First preferred 4% non-cum ulatlve $8,500,000____
Second preferred 4 % non-cum ulatlve $ 8 ,5 0 0 ,0 0 0 ..
First m ortgage gold $20,000,000................ ..E q .c *
R ef A ext M $100,000,000 gold red 101 ..C e .x c * Ar*
Equip bonds ser A due s-a red 101 (V 84, p 5 0 7 ) . .G
Colorado Southern New Orleans & Pacific— See St Lo
x Series " A . ” J & J: " B ’ ’ A A O. y “ C ". M A N:
Miles Date
Road Bonds
203
1.021
45
...
...
Am ount
Outstanding
Rate
%
1891
$1,000
1893
1,000
1903
1,000
1910 500 fr, Ao
1,000
1911
$4,000,000
27,822,000
3.000.000
9,650,181
10,000,000
4
4
4
4
4
'
428,997
2,571,000
1,500,000
2,082,000
170 1888
125 1903
1910
Par
Value
50
1,000
1,000
When
Payable
J
I
A
J
He J
6
5 g
4 g
4)4 g
A
A
A
A
A
M A
J
A
M A
J A
197 1903
1,000
4,068,000
5 g
13 1868
100 Ac
600,000
6
—
1911
l ,000
450,000 See text
261 1897
1.000
8.946,000
4 g
—
____
100 31,000,000 1 In 1912
___ ____
100
8,500,000 4 in 1912
___ 1882
100
8,500,000 4 in 1912
1.048 1899
1.000 19,402,000
4 g
Text
1905
100 Ac 30,803,900
4 )4 g
___ 1907
1,000
414,000
5
uls A San Fr anclsco.
“ D .” F A A .
C L E V E L A N D S H O R T L I N E R Y . — A belt line around Cleveland, O . ,
from a point near W est Park, 7 miles west of Cleveland, east, thence north
east to Colllnwood, 19.05 miles, com pleted In 1912, of which 10.08 miles
In operation In Sept. 1910. V . 91, p. 654. Stock: com m on, $4,750,000:
all owned b y Lake Shore A Mich. South., which leases the road until
t*10 rental providing for Interest and 5% on stock; par,
$100. V . 86. p. 167; V . 92, p. 1031. A mortgage for $20,000,000 has been
authorized; present Issue, $11,800,000, being guaranteed b y lessee, (all held
b y lessee; remainder for future purposes. V. 92. p. 1108, 1178; V . 96,
p 419, 553. Pres., W . C . Brown; V .-P ., D . C . M o o n .— (V . 96, p. 419.)
C L E V E L A N D T E R M I N A L & V A L L E Y R R . — Cleveland, O .. to Valley
Junction, 75 miles; branches, 11 miles. Of the $4,615,300 common (par
$50), B . & O. owns $4,594,300, and of the $2,060,750 pref., $1,826,700;
par, $100. Bonds, see B . A O.
Gross, 1911-12, $1,344,459; net, $378,434; other Inc., $29,669; int., A c.,
$248,105; bal., sur., $159,998.— (V . 91, p. 1324; V . 93, p. 1105.)
C O A L & C O K E R Y . — Owns from Elkins, W . V a., to Charleston, W . V a.,
175.6 miles; Mable to Bclllngton, (17.7 m ., less Letter to Roaring Creek
Jet., 1.6 m ., used on line from Elkins to Charleston), 16.1 m .; branch,
Gassaway to Sutton, 6.5 m . (com pleted Jan. 1910): total, 198.2 miles.
A bou t 100,000 acres of coal lands are owned.
S tock, com ., $10,000,000, all outstanding; 5% pref., $10,000,000 author
ized O ct. 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 1912, $239,898, due $55,000 yearly; loans
and bills payable, $1,883,363.
E A R N IN G S .— 10 m o s.,f 1912-13...........Gross, $819,764; net, $210,625
July 1 to April 30.
11911-12______ Gross, 745,311; net, 219,057
R eport for year ending June 30 1912, in V . 95, p. 816, showed: Gross,
$1,117,958; net, $437,972; net Income coal d ep t., A c., d ef. $11,192; total
net, $426,780; other Income, $9,809; Int., taxes, A c., $360,585; bal., sur.,
$76,004. Pres., Henry G . D avis, Elkins, W .V a .; Sec., O. M . Ilendloy,
W ashington, D . C .— (V . 91, p. 1246; V. 93. p. 1105, 1185: V . 95, p . 749,
816, 1607.)
C O L E B R O O K D A L E R R .—
Pottstown to Barto, P a., 12.81 miles. Leased
Common stock, $297,215; par, $50.
Owns Denver to Scranton, C olo., 16 miles,
3 -ft. gauge; under construction In Denver 2.1 m . broad gauge. Also owns
3,360 acres of coal lands, 640 acres leased from Colorado, and valuable
terminals, franchises, & c., in tho city o f Denver. Stock, com m on, $400.
000; pref. (as to assets), 6 % non-cum ., $150,000; par, $100. Bonds bear
Interest at 3 % for first year, 4 % for 2d year and 5 % thereafter. Pres.,
H . T . R ogers, Denver, C olo.; V .-P . and Gen. Mgr., R . R . Govin, N , Y .;
Seo. and A u d ., R obert MpDowell, Denver, Colo. Office, Denver, Colo.
to Phlla. A Reading R y .
_ C O LO R AD O E A ST E R N RR .—
C O L O R A D O M I D L A N D R Y . — (See M ap Col. & South.)— Owns rrom
Colorado Springs to New Castle, Col., through Busk-Ivanhoe tunnel, 221.92
miles; branches. Basalt to Aspen, 19.37 m .; Cardiff to vSprlng Gulch, 15.01
m .; Arkansas Jet. to Leadvllle, 4.80 m .; total owned, 261.10 miles. Leases
R io Grande Jet. R y ., Rifle Creek to end R . G. J. R y ., 62.08 m .; trackage
to R ifle Creek, & c., 14.46 m .; total operated, 337.64 miles. On D ec. 13
1913 Pres. Geo. W . Valley was appointed receiver. V. 95, p. 1683.
Protective Committee.— In N o v . 1912 a protective com m ittee consisting
o f J. N . W allace, Chairman; James N . Jarvie, H arry Bronner W . de
Lancey ICountze, Francis L . Leland, B . A ym ar Sands and Clark Williams,
m view o f tho default in ono o f the outstanding notes, requested deposits
° ) bonds; Secretary, C . E . Sigler; Central Trust C o ., N . Y ., depositary,
y - 95, p. 1331, 1402, 1683; V . 96, p. 201, 652. In M arch 1913 a m ajority
had been deposited.
O R G A N IZ A T IO N .— Successor O ct. 1897 to tho Colorado Midland Rallforeclosed and reorganized per plan in V . 64, p. 1224. 1226. In May
1900 a m ajority of the stock. If not the entire Issue, was purchased by a
syndicate in the join t Interest of the Colorado & Southern and Denver &
R io Grande
V . 70, p. 6S6, 791, 997, 1290; V . 71. p. 28; V . 73. p. 1111.
“ af|y in 1912 tho C olorado & Southern arranged to sell Its ono-half Interest
“9 Blair & C o ., but the salo has not yet been consum m ated, owing to legal
difficulties. V . 95, p. 1683. Pref .stock, $6,000,000; co m ., $4,000,000.
E A R N IN G S .— 10 m o s .,(1912-13_____ Gross, $1,580,254; net, $198,066
July 1 to April 30.
(1911-12......... Gross, 1,557,957; net, 258,700
Year—
Gross.
Net.
M isc.Inc.
Charges.
Balance.
1 9 1 1 -1 2 ..............$1,830,166 $275,201
$39,114 $565,737 def. $251,422
1 9 1 0 -1 1 _______ 1.907,564
247,282
37,443
552,410 def. 207,715
O F F IC E R S .— Pres., Geo. W . Vallery: V .-P ., Chas. II. Schlacks; Treas..
H enry L. H obbs; S ec., L. B. Johnson, Denver; Asst. Sec., F. L. Paetzold,
N . Y .; Asst. Treas., II. B. Henson, N. Y.
Directors.— G eo. W . Vallery, Henry T . Rogers, Samuel C . M athew s.
Edwin Gould, W inslow S. Pierce, E . T . Jeffery and Chas. II. Schlacks.—
(V . 95, p. 1683; V. 96, p . 201, 652.)
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
J July
1) June
() A pr
D June
J Jan
1 1991
1 1993
1 1953
1 1930
1 1931
N
J
N
J
1 1913 3% J P Morgan A Co, N Y
1 1928
do
do
1 1953
Central Trust Co, N Y
1 1960
land I ndiana polls St Louis & Chi cago— Se e Clevela
1,000
192 1893
5,000,000
5 g
A A O
1,000
192 1896
890,000
J
A I)
5 g
1 .0 0 0
192 1900
4,000,000
A J
4M e J
1.000AC
117 1888
2,936,000
See text.
5 g
___ ____
50 11,237,700
7
Q M
___ ____
50 12,946,100
4
y —M
205)4 1892
1,000
4,556,000
4M g
X
1,000
205)4 '98-00
4,242,000
y
3 )4 g
1,000
205)4 1892
O
429,000
3 )4 g A
10 —
100
4,750,000
A A O
5
10 1911 1,000 Ac 11,800,000
4 )4 g A A O
L E A S E .— Leased for 999 years Dec. 1 1871 to Penn. R R . C o., and lease
transferred to Pennsylvania Co. Rental: dividends on stock. Interest on
bonds and organization expenses. “ Special guaranteed betterm ent stock”
(subordinate to the original stock as to dividends only), with dividends of
4% guar, b y the Penn. R R ., Is Issuable for lmpts. V. 79, p. 2205, 2042;
Yrpv - 85. p.
v - 87. n. 812: V . 91. p. 1446; V . 93, p. 1785;
V . 96, p. 135. Stockholders on Juno 15 1911 authorized increase m stock
from $22,000,000 to $40,000,000, tho new stock to bo additional 4 % guar,
special betterm ent stock. V. 92, p. 1031, 1108.
B O N D S .— Generals are all equally secured; guaranty, V . 56. p. 604.
E A R N IN G S .— In 1912, gross, $13,433,177; net, $1,142,777; profit to
lesseo, $2,433,668.— (V . 95, p. 1331; V . 96, p. 135, 486.)
g
g
g
[Vol. XCVI
May
Jan
May
July
J P Morgan A Co, N Y
Morgan, H arjesACo, Paris
J P Morgan A Co, N Y
nd Cincinnati C hlcago A St Louis
Oct 1 1933
2 Wall Street, New York
June 1 1936
do
do
Jan 1 1930
do
do
W inslow, Lan A C o., NY
Jan 1 1938
June 2 1913 1 X W inslow, Lan A Co, N Y
June 2 1913 1%
do
do
Jan-Oct 1942
1948-1950
Oct 1 1942
Oct 1 1912
A pr 1 1961
T rea son ,G rC cn tT er, N Y
A
A
O Apr 1 1919
J
J
J
See
A
A
F
M
A
A D June 1 1898
A 1) June 30 1931
A J July 1 1947
text. Deo 31 1912 1%
A n A pr l 1913 2%
A 0 Apr 1 1913 2%
A A Feb 1 1929
A N May 1 1935
A O Oct ’ 13-Apr '17
Elkins, W Va, or Balto
Reading Term inal. Phlla
26 Liberty St, N Y
Office 26 L iberty, N Y
do
do
do
do
do
do
do
do
Guaranty Trust Co, N Y
C O L O R A D O & S O U T H E R N R Y . — (See M a p .)— Operates a system from
Orln Jet., W yom ing, through Colorado to Fort W orth, T e x ., and b y ex
tensions built to 1906-07 reaches tidewater at Galveston. T e x ., and also
H ouston, Dallas, & c. T otal June .30 1912, 1,813 miles, v iz.: (* which see):
Lines operated—
1073 M iles.
Controlled—
' 740 M iles.
Denver, C o lo ., to Orln Jet., W yo.273 Denver A Intcrurban R R _____
29
Denver, C o l.,to Texas StateLine.352 Fort W orth A Denver C ity . .
*454
Denver, C o l., to Leadvilto, C o l .-152 W ichita Valley R y _______________ *52
D enver, C o l., to Silver Plum e,C ol. 55 W ichita Falls A Oklahom a.........
23
Other lines, branches, A c. (117
W ichita Valley R R _______________ 61
narrow gauge)_________________ 241 Abilene & N orthern......... ......
39
S tam f.A N .W . R y .(V .8 9 , p . 1 2 8 1 ) 82
As to T rinity & Brazos Valloy R y., see that com pany. T ho new lowgrade line from Pueblo to W alsenburg, 46 miles, and lino from Wellington
C o l., to Cheyenne, W y o ., 32 m ., wero opened O ct. 15 1911. Leases C olo.
Springs & Cripple Creek Dist. R y ., 74 miles (owned) to Cripple Creek
Central R y . V. 94, p. 123. As to C olorado M idland, seo that com pany.
° ' V I I O N .— R eorgan izat Ion Jan. 1899, V . 67, p. 748. In
Deo. 1908 the Chicago Burlington & Quincy acquired $23,657,500 com m on.
V. 87, p. 1663, 1604; V . 8 8 , p. 158, 685.
Owns a large m ajority of the com . stock o f Fort W orth A Denver City
which see. Controls Denver & Interurban (Electric) Railway,
which owns 21 miles, and operates 31 miles of Col. A S ou., which has been
electrified, under lease. V. 87. p. 950; V . 89, p. 934.
D IV S. 1 -00.
’ 0 2 . ’03. ’04. ’05. ’06. ’07. ’08. to ’ l l . ’ 12. 1913.
1 st pref % }
2
2
0
4
4
4 yearly
3)4 4
4
A pr, 2
2 d pref. % | __
..
4
4 yearly
4
A pr, 2
2 yearly
______
1
B ON DS.— 1st M ., see V . 6 8 , p. 1027; V . 77, p. 2158; V . 87, p. 444, 1160.
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
cum . yearly rate of $500 per mile of operated A controlled lines 15,000,000
For reimbursement of the treasury of the com pany, A c_________ 2,500,000
For acquisition of additional property (Including proper provi
sion for the cost of double-tracking parts of the malD lin e s ).. 45,650,000
The refunding bonds are secured by a first lien on all the bonds and praotlcally all the stock of the cos. owning about 712 miles of road. Including tho
W ichita Valley lines and the Trinity A Brazos Valley R y .; also, b y direct
lien, subject to the first mortgage, on about 1,048 miles of road owned by
the Colorado A Southern and on the stock of subsidiary cos. whose bonds
are not pledged under the m ortgage, owning 556 miles of road, making
l,604|addltlonal miles, on w’hlch there are outstanding $30,803,900 under
lying bonds: total thus covered, 2,316 miles, on which the total outstanding
funded debt. Including these bonds and all prior liens, averaged $26,495
per mile. V. 80. p. 1791; V . 91, p. 462, 214; V. 93, p. 1021.
In Jan. 1911 sold $1,400,000 ref. bonds to com plete gaps from Pueblo,
C ol., to W alsenburg, about 46 miles, and from W ellington, C ol., to Chey
enne, W y o .. 32 miles. V . 92, p. 186, 117; V. 92, p. 394.
Equipm ent bonds of 1907 mature $51,000 s-a to April 1 1914; thereafter
$52,000: V. 84. p. 507. Pullman Co. car trusts Juno 30 1912. $90,673.
E A R N IN G S .— Including F t. W orth A Den. City and all affiliated lines:
10 M os. end. A p r. 30— Gross.
Net.
C hgcs.(N ct). B al.,S u rp.
1912-13...........
$12,719,264 $3,482,213 $1,901,812 $1,580,4(51
1911-12.............................. 12,001,082
3,435,344
1,963,129
1,472,216
R E P O R T .— R eport for 1911-12 at length, showing operations o f system,
Including the Ft. W orth A Denver City and Col. Spr. A Crip. Cr. Dist. R y .,
Denver A Interurban R R ., Colorado R R ., F t. W . A D cnv. Term . R y . and
W ichita Val. in V . 95, p. 1328. 1336
A
1911-12.
1910-11.
1909-10.
Average miles............................................
1,881
2,015
2,042
Total operating revenues........................ $13,959,976 $15,824,064 $16,777,981
Operating expenses.........................
9,616,454
10,334,111 10,863,455
Operating Income (over taxes)______ $3,807,529
Total net incom e.........................
$4,597,803
Int. on bonds, equip, obllg’ ns, A c___$3,097,835
Dividend first pref. stock ( 4 % ) ______
340,000
Dividend second pref. stock (4 % ) ___
340,000
Dividend com m on stock (2 % ) ............
620,000
$4,978,345
$5,623,566
$3,324,974
340.000
340.000
620.000
$5,414,333
$6,041,958
$3,090,325
340.000
340.000
620.000
Balance, surplus for year..................
$199,969
$998,592 $1,651,633
N ote.— T ho com pany is also responsible for ono-half the deficit from oper
ations o f T rinity & Brazos Valley R y ., this share amounting In 1909-10 to
$466,718, In 1910-11 to $482,598 and In 1911-12, It is understood, to
$582,015.
O F F IC E R S .— Chairman, George B. Harris: Pres., Darius Miller; V .-P .;
A . D. Parker; Denver, Colo.: Sec. and Treas., B. F. James. Denver. Colo.,
Asst. Seo. and Asst. Treas., T . S. Howland, Chicago, 111.: Cashier. F . L.
P aetzold, 26 Liberty S t., N . Y .— (V . 96, p. 62, 359.)
C O L O R A D O S P R I N G S & C R I P P L E C R E E K D I S T R I C T R Y . — Colorado
Springs to Cripple Creek, Col., 47 m .; branch, Cameron to Victor, 5 m.;
other branches and spurs. 2 2 m .; total, 7 5 m .; of which 5 7 m. steam, 16 m.
steam and electric and 2 m . solely electric. In Jan. 1905 Colorado A
Southern acquired all the stock except $900 com . V. 80, p. 472, 1111, 1423.
Leased to Florence & Cripple Creek R R . (Crlpplo Creek C ent. R y . system)
to M a y 1 1935. V. 94, p) 123.
S tock, all outstanding, co m ., $1,200,000; pref., 5% non-cum ., $800,000.
Par of shares, $100 each. Dlv. 5% on pref., paid Feb. 1907, June 1908 and
Nov. 1 1909. On com ., 2% , Sept. 1908. Sinking fund can retire first mtge.
bonds yearly at 110 for first 15 years, then at 107 )4 for 5 years, then 105 for
next 5 years, 102)4 for 3 years, thereafter at par. V . 70, p. 345.
Pres., A . D. Parker.— (V . 87, p. 740; V . 8 8 , P. 822; V . 94, p. 123.)
June, 1913.]
RAILWAY STOCKS AND BONDS
39
40
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
lF or abbreviations. A c ., see notes on first pageJ
M iles Date
Road Bonds
Col Spgs & Crip Cr D R y— 1st M $2 000,000 g s f - _ . C e
74
First consol m ortgage $3,600,000 gold ____G .cA r
Colorado Texas & M exico— First mtge $75,000,000___
Colum Newb & Laurens— 1st M $12,000 per m__SBa
75
Columbia & Greenville— See Southern R y
Colum bus & Toledo— See H ocking Valley R y
_____
Colum bus & Xenia— Stock 8 % r e n t a l - _____
55
Com bination Bridge (Sioux City, la )— First m tge____
Concord & Claremont (N H )— First m ortgage______ c
71
Concord & M ontreal— Stock Class I (B C A M p r e f ) ..
Stock Class II (B C A M new)
Stock Class I I I (B C A M old stock)
t tS tock Class IV (Concord) (text)
Concord A Montreal cons M for $ 5 ,5 0 0 ,0 0 0 ..B B .c*
262
Debenture bonds $1,150,000 currency.....................c*
do
do
$500,000 Interest guaranteed___
Concord & Portsm outh— Stock 7 % rental 99 y e a r s ..
40 )4
Conn & Passum psic— Pref stock 6 % rental 99 y rs_.c*
First mortgage $1,900,000 g o ld __________________ c*
110,
Massawlppl stock guar same dlv as Conn A Passump
37
N ewport A RIchford 1st M gold guar by C A P . . c *
21
Connecticut River— Stock $3,670,300 authorized____
80
Bonds not mortgage for $1,000,000 gold __________ c
Bonds not m ortgage________________________________
do
do'
_______________________________
...
N otes $2,000,000
. . . . . . ____
Conn (Phila)— First mortgage $15,000,000------------GP
37
Connellsvillc & Monong— 1st M g s f r e d p a r.U P i c.xAr
C ooperstow n & Susq Vail— 1st M $200,000 Int g u a r ..
19 H
Copper Range— First mortgage gold (see t e x t )---------- Text
Copper River & Northwestern— 1st M $50,000,000 Gc*
Cornwall & Lebanon— S to ck --------------------------------------26
First M extended at 4 % in 1906 (V 82 p 1322)------ r
26
Council City & Solomon River RR— 1st M $350,000 g .
35
Cripple Creek Central— Comm on s to c k _____________
Preferred stock 4 % non-cum ulatlve________________
Midland Term first mtge gold sinking fu n d ____ F.o*
41
Cuba Eastern— See Guantanamo A W estern
1900
1902
1908
1887
1895
1894
1890
97-99
1900
1893
1911
1893
1901
1903
1913
1911
1905
1888
1899
1909
1891
1908
1895
Par
Value
$1,000
1,000
1,000
1,000
50
500 Ac
1.000
100
100
100
100
1,000
1,000
1,000
100
100
1,000
100
1,000
100
1,000
1,000
1,000
1,000
1,000
100 Ac
500 Ac
1,000
50
100 Ac
1,000
100
100
1.000
C O L U M B I A N E W B E R R Y & L A U R E N S R R . — Columbia to Laurens,
S. C., 75 m. S tock, $500,000. Bonds were 6s, but re-issued as 3s In 1900,
Income certificates to amount of 4 0 % of bonds being Issued. Outstanding
.Tune 30 1912. $64,454 Income bonds and $359,600 certs, for funded coupons,
loans’ and bills payable, $63,267; car trusts, $17,050.
E A R N IN G S .— 10 m os.,1 1912-13............Gross, $278,870; net, $79,861
July 1 to Apr. 30.
\1911-12______ Gross.
283,206: net,
70,085
Y ear ending June 30 1912. gross, $329,221; net, $84,108: other Income,
$83; in t., taxes, A c ., $64,754; bal., sur., $19,437. A cting Pres, and Gen.
M g r., J. F. Livingston, C olum bia, S. C . In 1910-11, gross, $354,512; net,
$125,942; other incom e, $51.
C O L U M B U S & S O U T H E R N R Y . — W yand otte, O ., at a connection with
the Penna. R R ., to South Bloom lngville, 22.82 miles
S tock, $200,000.
Bonds. $200,000 1st mtge. gold 5s dated 1902, Int. M. A N. at Boston
Safe D ep. & T r. C o. Owned July 1912 b y Geo. B . W ilbur, B oston, M ass.
For year end. June 30 1912, gross, $15,677; op . d ef., $771. Pres., Fred. C .
R ector, Colum bus, O.; Sec., A . B . K iefaber, Lancaster, O .; T reas., I. F .
Anderson, Laurelville, O .— (V . 93, p. 229.)
C O L U M B U S & X E N I A R R . — Owns from Columbus, O . , to X en ia, O . ,
65 miles. Operated as a division of the Little Miami, and Is leased for 99
years from Dec. 1869, In connection with that road, to the Pittsburgh Cin
cinnati Chicago & St. Louis, which pays 8 % on stock
The lease Is guar
anteed by Pennsylvania R R . Co. Dividends 2 -5% per annum, from assets,
were discontinued In 1901.— (V . 72, p. 532.)
C O M B I N A T I O N B R I D G E ( S I O U X C I T Y . I A . ) — Owns steel bridge 1,940
feet long over Missouri R iver, with approaches, 1 mile, used by railroads
and street cars as a highway. S tock, $1,500,000. Mtge. trustee. Union
Trust C o., Indianapolis, Ind. Pres., Jos. C. Head, L atrobe, P a.; S ec., F.
L . E aton, Sioux City, l a .— (V . 78. p. 102, 280.)
C O N C O R D & M O N T R E A L R R . — From Nashua, N . H ., via Concord,
Plym outh, A c., to Groveton and the W hite Mountains, 450 miles In all,
Including Manchester A Keene, 30 m .; owned join tly , 414 m .; 35 m. double
track. Owns Concord Street R y ., 1 1 m .: also e'ectric branch from Concord
to M anchester, N . H ., 17 miles, and Nashua & A cton R R ., 20 miles (stock)
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7%
per annum on all stock. In April 1911 Bos. & Me. obtained authority to
chase stock. V . 92, p. 1108. Shareholders O ct. 10 1911 authorized $400.addltlonal stock for lmpts. (Increasing stock to $6,457,600) and on June
4 1912 $1,500,000 in connection with the new electric road to M t. W ashing
ton and im provem ents connected therewith. In June 1913 project had
been abandonedfor the present. V . 94, p. 1507, 1565.— (V . 94, p. 1565.)
CONCORD & PORTSMOUTH R R .— Owns Portsm outh, N. II.. to Man
chester, N. II., 4 0 H m. Leased to Concord R R . in 1862 for 99 years; rental
$25,000; 7 % on stock and org. exp. Operated b y Boston & Maine.
C O N N E C T I C U T & P A S S U M P S I C R I V E R S R R — W hite River J et., V t..
to Canada Line, 110 m .; leases 999 years Massawlppl Valley, 37 miles.
Owns nearly all the stock ($350,000) of the Newport & RIchford R R .,
N ewport, V t.. to Canadian line, 21 miles, operated under lease by Montreal
A A tlantic R y . (Can. Pac. system ), and guarantees Its $350,000 1st 30-year
6% bonds dated Jan. 1 1911. V . 91, p. 046.
L E A S E .— From Jan. 1 1887 leased to the Boston & Lowell for 99 years
on a basis to pay C. & P. stock 5% till Jan. 1897 and 6% thereafter. In
April 1911 B. & M. received authority to purchase stock. V . 92, p. 1108.
S E C U R IT IE S .— Massawlpni stock receives same dividends as stock of
lessee and $400,000 of It (not included in the am ount outstanding) Is pledged
as part security for 4s of 1893. Of the $2,500,000 pref., $500,000, as also
$50,000 Massawlppl Valley R y . stock, was purchased Feb. 1 1910 b v the
Verm ont Valley, under Its option, at par.— (V. 57, p. 1040; V . 94, p. 826.)
C O N N E C T I C U T R I V E R R R . — Owns from Springfield, Mass., to Keene,
N. H ., 74 m .; Bellows Falls to Brattleboro, V t., 24 m .; branches, 6 m .; total.
104 m ., of which 50 double-track. Extension from Hinsdale, N . H ., to «
connection with tho Verm ont Valley at Brattleboro, V t., 0)4 miles, was
opened June 1913; V . 95, p. 1200. Controls Sullivan C ounty R R .,
Bellows Falls to W indsor, V t., 26 miles. V . 80, p. 1478; V . 81. p. 899, 1723.
In A pril 1911 B . & M . received authority to purchase stock. V. 92, p . 1108.
The A ct of June 10 1912 authorizes purchase of Verm ont Valley and Sulli
van C ounty railroads. V . 94. p. 1626; V. 95, p. 679. In Juno 1913 sold
$2,000,000 one-year 5 % notes. V . 96, p. 1488.
L E A S E .— Leased for 99 years from Jan. 1 1893 to the Boston A Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders; also Interest on bonds and serin and
$2,000 for organization expenses.— (V . 96, p. 1488; V . 95, p. 679.)
C O N N E C T I N G R Y , ( P H I L A D E L P H I A ) . — Owns from Girard A ve. to
Frankfort Jet., Phila., 6 m .; North Phlla. to Chestnut Hill, 7 m .; branches,
A c.. 23 m .; total, 36 m. V . 73, p. 390. Stock authorized. $5,800,000; out
standing, $3,613,650; all owned b y Pennsylvania R R ., which operates
road under lease, assigned to that co. by Phlla. A Trenton R R ., terminating
F eb. 18 2862. Dividends 4% yearly (J. A D .).
In 1911 made a
new first mortgage for $15,000,000, of which $2,059,000 were exchanged for
tho outstanding $2,059,000 3 >4 % bonds and SI ,000,000 for tho 4)4 % bonds
due M a y 1 1913. V . 93, p. 229, 730.— (V . 93, p . 229, 730.)
C O N N E L L S V I L L E I & M O N O N G A H E L A R Y . — Owns Moser Run Jet. to
Brownsville, Pa., and Low Jet. to Low Phos, Pa., 15.68 miles; branches and
spurs, 5.22 m .; total track, about 30 m (connecting Penn, with Monongahela R y .). Incorporated in Penn. Mch. 11 1905. Leased to Penn. R R .
until Jan. 1946 at rental equal to 4 % on cost of road, taxes, operating and
maintenance charges, rental being more than sufficient to pay Interest
charges and retire principal of bonds through sink, fund at or before ma
turity. Sink, fd ., $25,000 y rly ., to call bonds In numerical order, but to
be kept alive. V . 93, p. 407. Stock, $700,000. Controlled by or In Inter
est of U. S. Steel Corporation. Pres., Thomas Lynch; Sec. and Treas.,
J. D. McCreery.— (V. 93, p. 407.)
C O O P E R S T O W N & C H A R L O T T E V A L L E Y R R . — (See M ap Del. A
H ud.) .— Owns Charlotte Crossing to Davenport Centre, 4.51 m .; leases for
99 years from Jan. 1 1889, Cooperstown A Susq. Valley R R ., Cooperstown
C
Amount
Outstanding
Rate
%
$1,604,000
1,379,000
(?)
899,090
5 g
5 g
5
3 g
[Vol. XUVI
When
Payable
J
A
J
J
A
A
&
A
J
()
J
J
Last Dividend Places Where Interest and
and M aturity
Dividends are Payable
Jan
Oet
Jan
July
1
1
1
1
1930
1942
1958
1937
Chem Bk, N Y , A Col Sp
do
do
New York
Safe Dep A Tr Co, Balto
1.786,200 See text. Q— M Juno 10 '13 2% Treasurer, Columbus, O
500,000
J
5
A J July 1 1915
Hanover Nat Bank, N Y
500.000
A J Jan 1 1914
Mutual Nat Bank, Boston
4)4 J
800.000
7
Q— I July 1 1913 1 >A Checks mailed
540,400
7
do
0 — J July 1 1913 1 >4
459.600
7
do
0 — J July 1 1913 1 H
See text.
7
Q— J July 1 1913 1 >4
do
5,500,000
J
4
A D June 1 1920
Safe Dep A Tr Co, Boston
1,050,000 3 )4 & 4 J
A D June 1 1920
Boston S D A T r, Boston
473,000
do
do
3 )4 .r A 1) June 1 1920
350,000
j
& J July 1913 3 )4 % Manchester, N II
7
2,500,000
F A A Feb 1 1913 3 % Safe Dep A T r C o ,Boston
6
1,900,000
4 g A A O A pr 1 1943
Safe Dep A Tr Co, Boston
F A A Feb 1913 3%
400.000
6
350,000
5 g J A ,T Jan 1 1941
3.233,300
10
.T A ,T July 1 191.3 5% Boston, Mass
1,000,000
M A S Sept 1 1943
4 g
do
290,000
do
3 \4 I A J Jan 1 1921
969,000
A J Jan 1 1923
do
3 )4 J
J & D Juno 21914
2,000,000
N ew York
2.459.000
4 g M 15 A S Mch 151951
Broad St Station, Phlla
813,000
4 g M A S Sept 1 1930
Union Tr Co, Plttsb. Pa
200,000
M A N May 1 1918
5
Nat Bk C oopcrst'n N Y
Boston, Mass
2,280,000
5 g A A O O ct 1 1949
See text
F A A Feb 1 1959
I P Morgan A Co. N Y
5 S
800,000 10IM 912 S em i-a n . Feb 1 1013 5% Co's Office, Lebanon, Pa
do
do
764,900
4
A A O Apr 1 1921
In default
347,000
M & N May 1 1911
6 g
Quar
2,500,000 See text
June 1 1913 1% Checks mailed
do
3,000.000 4 In 1912 Quar
June 1 1913 1%
Farmers' L A T Co, N Y
370.000
A D Deo 1 1925
5 g J
to Charlotte Crossing, with branch to Cooperstown Jet., 19.48 m ., guaran
teeing Interest on the latter’s $200,000 5% bonds. Year ending June 30
1912: gross, $60,415; net Income, $14,149; charges, $14,456: bal., d e f., $306.
Stock, $45,000, acquired July 1903 b y D el. A H ud.— (V . 77, p. 8 8 .)
C O P P E R R A N G E R R . — Calumet, M ich., to Mass City, with branches
total, 82 m .; sidetracks, 33 m. Stock, $4,244,300. of which $1,639,200
owned b y Copper Range Consolidated (Mining) Co. Bonds limited to
$20,000 per mile o f main line and branches and $15,000 per mile of sidings.
Of the $2,280,000 bonds outstanding. $870,000 were In Jan. 1913 held In
the treasury of the Copper R ange Consolidated Co. V . 78, p. 228. Divi
dend, 1 0% , paid N ov. 1909 from accumulated surplus.
E A R N IN G S .— 9 m o s .,f 1912-13------------Gross, $576,643; net, $207,156
July 1 to M ar. 31.
11911-12...............G ross, 551,985: net. 194,684
Cal. year 1912, gross, $754,921; net, $281,727; other incotno, $10,067
in t., taxes, A c ., $188,019; bal., sur., $103,775. In 1911, gross, $717,713
net, $229,685. Pres., William A . Paine; Sec. and T reas., F red. Stan
w ood, B oston.— (V . 78, p. 228.)
C O P P E R R I V E R & N O R T H W E S T E R N R Y . — Owns from Cordova,
Alaska, on tidewater, through the Copper River Valley to Copperflclds near
the Ghitlna River, 197 miles. Understood to be controlled b y J. P. Morgan A
Co. and M. Guggenheim's Sons. Stock authorized, $5,000,000; par o f
shares, $100. In August 1909 filed a m ortgage to secure $50,000,000 5 %
50-year bonds; none out Jan. 1913- V . 89, p . 410.
Pres., S. W . Eccles; V lce-Pres., R ob t. W . Baxter; Treas., E . S. Pegram;
S ec.. W . E. Bennett. Office, 165 B 'w a y .— (V . 94. p. 1382.)
C O R N W A L L & L E B A N O N R R . — Owns Lebanon, P a ., to Conewago,
21.66 m .; branches, 4.78 m . In M ar. 1913 tho Pennsylvania UIt. had a c
quired nearly all o f the $800,000 stock. V. 96, p. 947.
D IV l'9 5 . '96. '97. '98. '99. ' 0 0 . ' 0 1 . '0 2 t o '0 6 .'0 7 . '0 8 .'0 9 .’ 1 0to'12 . 1913.
P .C J 4
4
3
4 4 )4 5 5 )4 6 yearly 8
7 8 10 y ’ly. 5 , —
In 1911-12, gross, $308,573; net, $59,886; other Income. $36,999; Int. and
taxes, $39,147; d lv. (7 % ). $56,000; bal., sur., $1,738. Also (3 % ). $24,000
dlvs. paid from accumulated surplus.— (V . 89, p. 224; V . 96, p. 947.)
“ C O T T O N B E L T . ” — Common name for St. Louis Southwestern R y.
C O U N C IL C IT Y & SOLOMON
R I V E R R R . — See page 13 8.
CRIPPLE C RE E K CENTRAL R Y .—
Divide, Col., to Cripple Creek and
Florence, A c., 76 m .; Victor to Vista Grand, 6 m .; branches and spurs to
mines, A c., 45 m .; total, 127 m ., of which 47 m. standard gauge; leases
(through Florence A Cripple Creek R R .) Colo. Springs A Cripple Creek
Dlst. R y ., Colorado Springs to Cripple Creek, 47 m ., with branches and
spurs, 28 m . Controls Midland T erm . R y ., Florence A Crip. Creek R R ..
Golden Circle R R ., Canon City A Crip. Crk. R R .,C olo.T rading A Trans.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 .7 8 ,p . 2018: V . 77, p. 1542,) of the Denver
A Southwestern, foreclosed O ct. 4 1904. V . 79. p. 1461.
STOCKS A N D B O N D S.— 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.
D IV ID E N D S —
'05. '06. '07. '08. '09. '10. '11. '12.
1913.
Common, per ce n t............. 3 *7)4 6
0
0
0
0
3 1 ,1 ,— , —
Preferred, per cen t------------ 4 4
4
4
4
4
4
1 ,1 , — —
* Including 2 % extra.
On com m on In 1912, June, Sept, and D e c., 1% each.
R E P O R T .— R eport for year ending Juno 30 1912, In V . 95, p. 1469,
showed gross earnings o f roads controlled, $1,119,286; net incom o o f
roads over charges, $162,295; total net Income of parent co . above all e x p .,
$270,459; d lv. on pref. stock (4 % ), $120,000: com . d lv. (1 % ), $25,000;
total surplus June 30 1912, Incl. surplus of previous years, $419,873. Pres.,
Henry M. Blackmer; Sec. A Treas., A . J. R onaghan. O ffice, 111 B w ay.,
N . V .— (V . 95. p . 1039. 1469.)
C U B A R R . — Owns from Santa Clara. Cuba, to Santiago de Cuba, 3 5 6
miles: branches, Zaza Jet. to Sancti Splrltus, 8 miles; A lto Cedro to the Bay
of Nlpe, 31 m .; Ponupo branch, 11 in.; Jatlbonlco branch, 11 >4 m .; Holguin
branch, 11 m .; Manzanillo branch. 3 2 )4 m .; Bayamo extension, 141 m .;
total, 602 miles. See V . 75. p. 1157, 1347.
First d lv. on pref.. 1 H % . Aug. 1909; 1910, F eb ., 1 )4 % : A ug., 2 % ; 1911,
F eb ., 2 % ; A u g., 2)4% '. 12, Feb., 2 )4 % : A u g., 3 % ; '13, 6 % (3, F .A A .). 1st
M . bds. application to list, V. 8 6 . p. 924; V . 8 8 . p. 451: V . 89. p . 162; V . 91,
p. 38, 1253. Stockholders on June 27 1910 auth. a m tge. to secure 5 % im
provem ent and equip, bonds not exceeding $ 1 2 , 0 0 0 per m ile (excl. sid
ings) owned; In July 1912 $4,000,000 were sold to retire the $2,000,000
2-ycar 6 % notes due A ug. 15 1912 and for extensions and lm pts. Bonds
are also Issuable In francs. V . 91. p . 588, 1253; V . 95. p. 175.
E A R N IN G S .— For 10 months ending April 30:
Gross.
N et.
Charges.
Balance.
$1,757,484
$667,639
$1,089,845
1912-13.................... $3,785,813
1911-12___________ 3.119,580
1,493,429
623,749
869,680
R E P O R T for year ending June 30 1912 was In V . 95, p. 615, showing;
Gross. $3,819,253; net, after taxes, $1,818,860: bond Int., A c., $758,998:
pref. d lv. (5 % ), $500,000; bal., sur., $559,862. In 1910-11, gross,$3,059,650
Pres., Sir William C. Van Horne; V .-P . and M gr., Dom ingo A . Galdos;
V .-P ., Geo. II. W hlgham; Sec., Herbert C. Lakln; Treas., Stephen H . V oorliees. O ffice, 83 M ontgomery S t., Jersey City, N . J .; 52 W illiam S t., N . Y .
— (V . 93, p. 407, 727; V . 94. p . 1626; V . 95, p. 175, 297, 615, 1541.
CU/MBERLAND C O R P O R A T IO N — O R G A N IZ A T IO N .— A holding co .
owning the stock of Caro. Cllnchf. A O. R y . and H olston Corp., which
owns properties along the railway and at Charleston. S. C. On July 1 1912
the holdings o f the Cumberland syndicate In the property were distributed
Stock, com m on, $25,000,000; 6 % non-cum . pref., $15,000,000, all paid
In. In 1912 sold Seaboard Air Line R y . stock and retired the $15,000,000
collat. trust notes due June 15 1912. V . 94, p . 1448. In July 1912 sold
$5,000,000 3-year 5 % notes secured by $25,000,000 Carolina Cllnchflcld A
Ohio R y . com m on stock and $5,000,000 of Its pref. stock, Into which the
notes are convertible at par. V . 95, p. 361, 422.— (V . 95, p. 422, 480.)
C U M B E R L A N D A P E N N S Y L V A N I A R R . — ow n s from Cumberland,
Md., to Piedm ont, W . V a.. and several branches, 57 miles. Owned by
The Consolidation Coal C o., which guarantees by endorsem ent t h e
4
42
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rale
%
When
Payable
[Vol. XCVI.
Last Dividend
and Maturity
Cuba R R — Comm on stock 510,000,000....... ...................
5100 56.126.000
Preferred stock 6 % non-cum ulatlve 5 10 ,00 0 ,0 0 0..
100 10,000,000 6 in 1913 F A A A ug 11913 3
First m tge gold 520.000 per m ile..............G .xc*A r
602 1902 1,000 Ac 12.030.000
J
5 g
A J July 1 1952
Tmpt & equip M g 512,000 per m ....... ...............N x c
1910
5 & fr.
M A N May 1 1960
4.000.
0005 g
Cumberland Corporation— N otes______ _____ _______N
1912
5.000.
0005
A D Ju n el 1915
J
Cumberland it Pennsylvania— First mtge gold g u a r ..
"53 1891
1.000.
0005 g
1,000
M A N May 1 1921
Somerset Coal car tr assum 576.000 y r ly .
FBa
1906
1,000
5
J
A D Deo 1913-1918
456.000
Cumberland R R — 1st M 53.000,000 gold ______ V
ti.i 1908
1,028,000
5 g
J
A D June 1 1958
1,000
C u m b e r la n d R y & C oal C o— 1st M $3,000,000 g g u .
A & O Oct 1937
1.167.000
5 g
Cumberland Valley RR — See Pennsylvania R R
Dayton Leb & Cin RR & Term— First M g red (text)
J
29 1907
1,000 N oneSep’ 12
5 g
A D June 1 1922
Dayton & M ichigan— Com stock (3 M % guar C H & D)
1871
2,401,950
50
A A O A pr 1 1913 1H
3M
Preferred (8 % guaranteed C H & D) endorsed
1,211,250
50
1871
8
Q— J July 1 1913 2%
1st M gu p& 1 end ext In 1911 red 102 M beg 1917 c
1.000
142 1881
2.728.000 4M (5) J
A J Jan 1 1931
Dayton Union R y — First mtge sink fund call at par F
1,000
428.000
4 g
1899
J
A J July 1 1949
Delaware— Stock 8 % guaranteed
245
25
5,078,275
8
J
A J July 1 1913 4 %
FP"c*
General m ortgage gold..............
1,000
113 1892
500.000
4M gJ
A ( J July 1 1932
Delaware & Bound Brook— Stock 8 % gu Phila'A Read
100
1.800.000
8
Q — F M a y20 1913 2%
First consol M 51,800,000 guaranteed
PeP c*A r
1.000
31 1905
1.800,000
3 M e F A A Aug 1 1955
Delaware & Eastern (foreclosed)— See Del & Northern
Delaware & Hudson— Stock 555,711,500 (t e x t ). . .
100 42.503.000 9 In 1913 Q— Mch J ’n e2 01913 2 H
First M on Pennsylvania Dlv ($10,000,000)-U n .cA r
1877 1.000 Ac
5 .000.
0007
M A S Sept 1 1917
Schenectady & Duaaesburg first m ortgage
100 &o
1874
500.000
6 g
M A S Sept 1 1924
A dirondack 1st M gold guar p & 1 end____ U s.c’ Ar
1,000
1892
1.000. 000
4M g M & S Mch 1 1942
1 st&ref M 550,000.000 g s f red 107 M beg’ 1 8 .x c* Ar»
1908 1.000 &o See text
4
M A N May 1 1943
Debentures 514.000,000 gold (see t e x t ) ............c »A r
1,000 13.973.000
1906
J 15 & D June 15 1916
Debentures last installment____________
10,000 • 100,000
1900
i
e
J
& J Jan 1 1914
Equip 1st lien bonds 510,000,000 g s f..U sm .xo*"& r
1,000
1907
9.694.000
& J July 1 1922
4M g J
Guaranteed Securities—
Hudson Coal Co deb guar p & 1 end part due yearly
01-’ 02
1,000
875.000
4
M & N May 1 1914-18
BIulI Point Land Im provem ent Co 1st M g gu c*
1890
1,000
300.000
4
J
& J Jan 1 1940
Chat Ore A I refunding m tge call 105
N.o* Ar
1902
1,000
1.300.000
4
J & J Jan 1 1942
A lbany A Susquehanna R R - N Y A Canada R R : Ch ateaug ay & L ake PlacI d R R ; u tlo a Clinton A Bing R R ; Coop A Ch
Delaware Lacka St W estern— Stock auth 542,277,000.
50 See text. 20 lnl912 See text A pr 21 1913 2M
Bangor & Portland mortgages g o ld ________________
■8"lV86 100 Ac
320.000
J & J 1930-1936
Delaware Maryland & Virginia— June A B— 1st mtge
1860 One bond
5185.000
3
6K
J
& J Jan 1 1932
B reak A Frank 1st M to State red since Jan 1 8 9 5 ..
1874 O nebond
200.000
3
J
& J Jan 1 1932
Other m ortgages_________________________________ c*
650,000
4
Overdue
first m ortgage. V . 52. p. 390. S tock, 51,500,000: par. 5100. On D ec. 1
1907 purchased 1,523 cars from the Somerset and Fairm ont coal com panies,
assuming the car trusts Issued thereon, v iz ., 5836,000 of Somerset Co. (see
table above) and 545,000 additional, which matured In series to May 1909.
V . 85, p . 1401. I-or year ending June 30 1912, gross, 5930,084; net, after
taxes, 5225,259: other Income, 5150.579; charges, 5104.789; d lvs.. 5226,385;
bal., sur., 544,664.— (V . 85, p . 1401.)
C U M B E R L A N D R A I L W A Y & C O A L C O . — Owns road from Sprlnghlll
Jet. to Sprlnghlll Coal Mines, N . S ., and Parrsboro on the Bay o f Fundy,
32 miles; also coal acres, tim ber lands, A c. The Dom inion Steel Corpora
tion late In 1910 arranged to acquire the $1,000,000 stock, which has been
exchanged for $600,000 Dom inion Steel com m on stock, tho $979,000 6 %
bonds being exchanged for $1,167,000 5s guaranteed b y Steel C orp. issued
for 83,000,000 providing for future requirements. V . 91, p.
1629, 1766: V. 92, p. 186, 1435. Operated under lease by Dom inion Coal C o.
Joe year ending Jun3 30 1912, gross, $115,999; net. $33,441.— (V . 92, p.
lot), 14o5.)
C U M B E R L A N D R R . — Owns Artemus to W arren, K y ., 8.4 miles; exten
sion under construction from Warren to Jelllco, K y ., abou t 26.6 miles. In
corporated in K entucky In O ct. 1902. Stock authorized, 5100.000; out!JaStilnsr,T$20 ,on9.:nPSr v f 1^)£ ; .B e n d s (53,000,000 authorized Issue) outS^anding June 30 1912, 51,028.000. Year ending June 30 1912, gross, $40,« S ? i i l.otrfjLt,-479i lnV ’ taxes. & c„ 526,323; bal., d ef., 521,844, Seo., k .| W .
Stone, Treas., A . J . H&seltlne, VV&rrcn, Pa, O ffice. Artemus K v
D A Y T O N L E B A N O N & C I N C I N N A T I * R A I L R O A D & T E R M I N A L CO.
— Owns from Lebanon, O .. to Lebanon, J e t..2 3 m .: H em pstead to Dayton
Union Station, 6 m ..w here terminal property Is owned; opened M ay 1910.
PorK
. L « m bert J? Lakeland, 1 m. Stock, 51,000.000. Bonds, a uth.,
*300,000 (none sold to Dec. 1912): are subject to call, J u n e l 1 9 1 7 a tl0 5 ;
C eveland Trust C o.. trustee. V . 85, p. 1518. Loans and bills payable
June 30 1912, 5119.570. For year ending June 30 1912, gross. 552,825;
o p . d e l., after taxes, 52,661; rentals and other charges, 5900. In 1910-11.
gross, 562,176; o p . d ef., 58,317. Pres., Eugene Zimmerman, Jackson, O .:
V .-P . and Treas., 1-rank B randon, Lebanon, O .— (V . 95, p . 110.)
D A Y T O N & M I C H I G A N R R . — Owns D ayton, O ., to T oled o June., O ..
141.82 m .; trackage Into T oled o, 0.92 m .
Leased May 1 1.863 in perpetuity
to Cln. H am . & D ayton . Lease modified June 23 1870. Rental is mainte
nance of organization, Int. on bonds and 8 % on pref. stock and 31$% on
com . Guaranty on pref. Is secured b y m tge. of 1871, but the pref. carries
no voting power. V . 56, p .8 1 3 . Mtge. o f 1856 Is held alive under m tge. of
1881. V . 91. p . 1446: V . 92. p. 118.— (V . 92, p .5 2 6 ).
D A Y T O N & U N I O N R R . — Owns from D odson, O ., to U nion City, In d .,
32 miles; leases Dayton to D odson. 15 miles; total operated, 47 miles
The Cleve. Cln. Chic. A S t. Louis and Cln. Ham . A D ayton Jointly own the
586,300 stock . Year ending June 30 1912, gross, 5141,687; net. $29,922other Income. 52,305; charges, $31,213; bal., $1,014.— (V . 89. p . 1347.)
D A Y T O N U N I O N R Y . — Union depot at D ayton, O.
Used b y Pitts.
Cln. Chic. A St. L ., Clev. Cln. Chic. A St. L ., Cin. Ham . A D ayton, D ayton
& Union R R . and Erie R R ., under lease which provides that Interest on
225, ™Sd °,t,hcr expenses be divided between them on train basis. S tock,
§321.000, all com . F or year ending June 30 1912, gross, $101,741; net,
$49,401; other incom e, $106, in t., rentals, &c. (incl. d lv. 7 % on stock paid
as ground ren tal). 842,073. bal., sur., $7,434. I>res„ O . E . S chaff, Chicago
S ec., It. C . Barnard, Cincinnati, O . O ffice, D ayton , O ,— (V . 73, p . 1312.)
D E L A W A R E R R . — (See M aps Pennsylvania R R .)— Shellpot Crossing,
B e -, to Delm ar, M d., 95.20 miles; branches. Centrevllle, M d ., to Townsend,
DeL, 34.98 m ; Clayton. D el., to O xford, M d., 54.27 m .; Seaford, D el., to
CAmbrJd geVM d -t,3 2-96
Masseys. D el., to Chestertown, M d.. 20.52 m .;
Other branches, 7.22 m .; total. 245.15 miles. V . 67, p. 1356
Leased to Philadelphia Baltimore A W ashington (which owns 52 829 600
o f the stook) 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 o f 5 % .
Dlvs. prior to lease, 1898 to July ’06, 6% yMy; ’07. 8 % ; '08, 8 % : ’09. 8 % :
10, Jan ., 4 % ; July, 4 % . For year ending D ec. 31 1912, rental, $433,097;
Places Where Interest and
Dividends are Payable
Checks mailed
R oyal Bk of Can, N Y
do
do
Guaranty Trust C o., N Y
Fidelity Trust Co, B alt
Guaranty Trust Co, N Y
Cleveland, O
Cincinnati, O
do
J P Morgan & Co, N Y
Farmers’ L & Tr Co, N Y
Checks mailed
Broad St Station, Phlla
11 W State S t., Trenton
Mech Nat Bk,Trenton,NJ
Office 32 Nassau St. N Y
do
do
do
do
do
do
do
do
do
do
do
do
dn
do
do
do
do
do
do
do
arl Valley— See those cos
90 W est St. New York
do
do
Broad St Station, Phlla
do
do
do
do
1?00 to 1906 51,288,500 stock was retired; none since.
Stockholders May 9 1905 authorized increase o f 55,000,000 stock for con
version at option of holders, to April 11916, of 510,000.000 A lbany A Susq.
3 H % bonds, dated April 1 1900. on the basis of 5500 stock for 51.000 of
bonds- wuThA
e,7)onds. ^,erc sold at Par Pro rata to D . A H . stockholders to
?'6 iR nn.i? A ' bany &, SP8<1- 6s and 7s, effecting a material saving of interest.
In 1909 the A lbany & Susq. stockholders were held b y higher Federal cou rti
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 T o June 1913 53*.556,00(5
bonds had been exchanged for D . & H . stock.
Stockholders Feb. 19 1906 authorized Increase of thestock by57.000 000.
to provide for exchange o f an issue of 514,000,000 of 4 % 10-ycar debenturesL
dated June 15 1906, which was subscribed b y stockholders at par. The
'tetjentures were exchangeable for stock at the rate of 5500 stock for
51,000 debs between June 15 1907 and 1912. Incl.
V . 82, p. 687.
The equipment lien 4 Ms o f 1907 (510.000,000 issue) have an annual slnkIng fund of 5650,000 to purchase bonds o f Issue, other securities or additional
equipment to com e under the mtge. V . 84. p. 1247, 1307; V . 85, p. 1082.
On May 12 1908 the stockholders authorized a first and refunding m ort
gage for 550,000,000, bearing not over 4% Int. and running 35 years, and
subject to redem ption as an entirety only at 107 M on any int. day, beginning
* 1918. One per cent o f the amount o f bonds outstanding Is to be paid
to the trustee June 1 annually from 1909 to 1942. to be used to purchase
bonds or for improvem ents and extensions. Of the Issue, 56,500,000 will bo
reserved to retire the outstanding 1st M. bonds: 520,704.000 were Issued to
discharge outstanding obligations maturing during 1908 or for construction
work In progress, and In Jan. 1911 57.000,000 additional bonds were sold for
Improvements and additions. In June 1913 obtained authority to issue
$2,000,000 additional bonds for improvem ents, b ut these were not sold at
once. V . 86, p. 981. 1409, 1589; V . 87, p . 96, 4S0, 1419, 1604; V. 89, p.
847, 1541; V . 90, p. 54, 167; V . 92, p . 186, 394; V. 96, p . 1156, 1700.
E A R N IN G S .— 4 m o s .,fl9 1 3 ........... Gross, $7,829,937; net. $2,849,715
Jan. 1 to April 30. 11912........... Gross, 6,410,212; net,
1,851,863
R E P O R T .— F or 1912 In V . 96, p. 1082.
Year ending Dec. 31—
1912.
1911.
1910.
Anthracite coal carried (ton s).............. 8,009,596
9,295,307
8,268,744
Gross earnings o f railroads----------------$22,480,103 $21,421,817 $20,431,800
Jf®*. (railroads)
$8,413,324 $8,663,657 $8,233,513
C oal department (n et)............................sur.230,944 def.24,301
41,923
Other incom e............................. _ ............. 2,141,399
1,755,162
2,072,700
T otai net i n c o m e ................................ $10,785,667 $10,394,518 $10,348,136
Miscellaneous ren ta ls.............................. $2,034,257 $2,022,926
$2,045,084
Interest, taxes and m iscellaneous____ 3,245,320
3,133,911
2,972,863
Dividends on stock, 9 % ....................... 3,825,270
3,825,270
3,825,135
Balance, surplus....................................$1,680,819 $1,412,411
$1,505,054
T ho earnings o f the coal department in 1912 wero $13,397,557; expenses,
$13,166,613; net, $230,944. In 1911, gross, $13,355,014; op . d ef., $24,301.
O F F IC E R S .— Pres., L . F . Loree; Chairman E xeo. Com m ., R . M. Oly
phant; V .-P ., Chas. A . P eabody. N . Y .; 2d V .-P . A Gen. M gr., C. S. Sims,
A lbany; 3d V .-P ., W . H . W illiams; Asst, to Pres, and Asst. Seo., W . B .
Schofield; Treas., C. A . W alker: S ec., F . M. Olyphant; C om p.. W . II. Davies
32 Nassau S t., N. Y .: Gen. A ud .. Allen McCarty A lbany, N. Y .
-,.r^I,anagJ?rs-— R obert M . Olyphant, Chauncey M . Depow , L . F . Loree,
W
am 8 . Opdyke, Archibald D . Russell, Cornelius Vanderbilt. W . n .
W illiams, Henry W . do Forest, George I. W ilber, C . A . P eabody, R obert
S. L o ve tt, James A . Linen and Robert C . Pruyn.— V . 96, p . 1156, 1700.)
D E L A V V A R E L A C K A W A N N A & W E S T E R N RR;.— (See M a p .)— Oper
ates main line from H oboken, N. J ., opposite N. Y . City, to Buffalo, N . Y .,
410 m ., with branches to anthracite region, A c., 547 m .. viz.: (*see this co .)
Lines Owned—
M iles.
Lines Leased (Concl.)—
M iles.
N. J. State line to N . Y . line____114 •Oswego A Syracuse......................... 35
Branch to N orthum berland..........80
•Syracuse Binghamton A N . Y _ . 81
H opatcong, A c________________ . 2 •Utica Chenango A Susquehanna 97
. D E L A W A R E & B O U N D B R O O K R R . — Owns from B ound B rook (Con- Erie & Central N .Y .(V .9 6 ,p .2 0 2 ) 18 •Valley^RR. o f New Y o rk ______ 11
tral of N . J.) to Delaware R iver. 27 miles: branch to Trenton, 3.79 m .; Bangor A Portland R y ___________ 38 •Lackawanna R R . o f N. J ............28
Lines Controlled and Operated—
second track, 27.02 m .; third track. 9.02 m .; East Trenton R R .. 2.97 m .; H anover A Newport R R _________ 7
Lines Leased— (See each c o .) —
Sussex R ailroad.....................
31
all track, 88.17 m . In May 1879 leased for 990 years to Phlla. A Reading.
•Morris A Essex and leased brchs.176 Lackawanna A M ontrose R R ------ 11
R ental, 5213.000, paying Interest and 8 % on stock .— (V . 81, p. 210.)
*N. Y . Lackawanna A W e s t e r n ..214
& H U D S O N C O . — (See M a p .)— Operates railroad lines •Cayuga A Susquehanna-------------- 34
from W ilkes-Barre, P a ., via A lbany, N . Y ., to Rouse's point, on Canada line, Greene R ailroad_________________
8
____________________
__
Total
operated Jan.____________
1913.
-985
with branches. 878 miles in all. V . 68, p. 871.
Cut-off between Slateford, P a., and Port Morris, N . J .. under construoLines owned—
M iles.
Lines leased— *See these cos. M iles. tlon, under charter o f Lack. R R . of N. J .; 28 m .. was opened Deo. 24 1911.
Lackawanna & Susquehanna____ 22
•Albany A Susquehanna.................142 shortening line 11 M miles. V . 86, p. 543: V . 90. p. 557; V . 92, p. 656;
Valley R R of Pennsylvania_____ 17
•Rensselaer A Saratoga................192
V. 93, p. 1323. 1786. Cut-off from Clark’s Sum mit, Pa., to H allstcad. 38
Honesdale and other branches _ 37 •Chateaugay & Lake Placid R R . 80 miles,
reducing line 3.6 miles, cost $10,000,000 to $15,000,000. is to be
Schenectady A Mechanicvlllc
10 •Union R ailroad__________________ 22 com pleted in spring o f 1915. V . 94, p. 207, 1382; V . 96, p . 646.
Cherry Valley Sharon A A lb a n y l 21 •Jefferson R R . (trackage)............35
H IS T O R Y , AC.— Original com pany chartered In 1832, present title as
New York A Canada.........
1 5 0 Boston & Maine (trackage)_____ 22
sumed In 1853
In 1903 purchased entire stock N. Y . A H oboken Ferry Oo.
Schenectady A Duanesburg.
1 4 Other lines_________________________ 5 0
In June 1909 tne D . L. A W . Coal Co. was Incorporated with $6,800,000
A dirondack R ailw ay______
""57
stock, to act as selling agent for the com pany’s coal In Pennsyl
•Cooperstown A Charlotte Valley 4
Total operated Jan. 1 1 9 1 3 .-.1 8 7 8 authorized
vania, the railroad stockholders being permitted to subscribe for its stook
A lso leases U tica Clinton & Binghamton and R om e & Clinton R R ., 4 4
miles, sub-let to N. Y . Ontario & W estern. Also controls The Quebec pro rata to the extent of 25% of their holdings. See extra dividend below.
V . 89, p. 41: V . 90, p .5 5 7 . Quarterly dividends of 2 M % on the coal com
Montreal A Southern R y ., which see.
In Feb 1905 a half-interest In the stock of the Schenectady R y .. 116 miles, pany’s stock were begun in Jan. 1910. V. 90, p. 54. In 1913 tho G o v t,
brought suit, charging violation o f the A nti-Trust Law . V . 96, p . 486.
W,afk,pUrrT
Ch,^SC,da- V; , 8 2 ’ j?- 687*, Owns *12.499,600 of the 512,500.000 stock
o f the United Traction Co. of A lbany. V. 81 d 1550 1610- V 84 n 51
S TO C K .— Stockholders voted Feb. 20 1912 to Increase the authorized
H IS T O R Y , AC.— This com pany was chartered April 23 1823.' It Is one stock from $30,277,000 to $42,277,000, the $12,000,000 now stock being
o f the largest miners o f anthracite coal T h e Hudson Coal C o . in June 1909 offered to stockholders at par, payable 50% on or before Feb. 15 1913 and
agreed to purchase the entire present and future coal ou tp u t o f D . & H . tho rem. on not less than 15 days’ notice. V . 94, p. 350; V . 95. p. 1745.
D IV ID ’ DS. 1’8 6 t o ’03. ’04. ’05. ’06 t o ’08. ’09. ’ 10. ’ l l ’ 12
1913.
c 8 ’ ’§9 t o *96 - ’97 t o ’00. ’01 t o ’06. ’07 t o ’ 13. Since 1 8 8 5 .% /7 yearly. 17 1 9 M 2 0 yrly. 70 20 20 20 2 M , 2 M .
Since 1886-------- % / 6
6
7 yearly. 5 yearly. 7 vcarlv
9 vearlv
July
1909
paid
special
cash
dividend
50%
one-half
applicable.
If
desired,
D ividends for 1913 fixed at 9 % . payable quarterly. V . 95, p . 1683?
to subscription o f stock of new D . L . A W . Coal Co. selling agency; also
8aoh SteJdarlo
Siduaw
D
tersmcer
llanlstlqa®
Mlaocqua
w
a
r
e
SuHyactntb
W
e s t e r
[hrough
H
«
Walton
Cadillac
I'ShvbO^j.T^rj
Madlaoi
*
Ite Clood
{Milwaukee
U \R
?\
Grand Di
LFlintl
Lapeer
Kemptrllle
Smiths Falli
!*t
BrockVi
Kingston
N.Hastings Jo.
ijhaurQ^
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Lbtovel
Stratford
Raclnc
'Lrteion Placed
Barhagtosi
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^ape Vincent
illadelpbj
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j *\™
fillo;
-'_ysKInoardines«\^rrUton'
jHlg Rapid*
Ovoeso
.Ionia /
tt-Johna
irnprior
o n n e c t io n s
O N $ $ IM
SootbHmujJu'y
/P»Vt'Aostlnl
lituwyc"
-'ll / /
Jaucsvill
(
fcufakfort
Portage
n
^Ra i l r o a d
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Mcnaaha'7/7^
0*110,4 UM
Princeton In- I
B O N D S
^
U ;nomIucj
H firiLctt<Y
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Wausau
SAbboltsfom/Q;
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(Aurora'
Fergus^
Guelph
yiu rwige »
'Fallen Cha^nsw^
Richland
Campbellvllle'
N , CaliW'
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SLTfc^
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Beloit
A N D
a
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f A C K A W A N IV A
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Mendota1
Coperstown;
SuratorJOft*
Jlayvill^
.Elkhar
*I
IValparaiwr
Lciij
OUCHy
iPrankllny
\Peoria
’ Brookvil
/Champnlg i
'DantlHe^ £
iLincoln.
Canal
WelUeilie,
iMuncie
/
Springfield
AJjoona-
New'I^fxIngton'
tushvlIuT]
Charlestonj
5*^vJBmxll
|Torre lint
Pc^QJdtondH
Wheeling
IChillicotl
niburg
Colami
lllddletomk
[arietta'
.Bclprc1
tz
’hiladclpl
Uniontown
iucinnati
Vandi
Port*raonlh
GaUipoUal
Cectralla
J u n e , 1013.]
IChathKin
. egg;
£7 ArkvtJ^eV
r»- Toled?
Vincenuca
iMajavlllcJ
Fairmont
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'■'Berkley
Baltimore;
Carboodale
IvtBSTQIe
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8hawt
’Cambr
J**O
rvrm
44
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N I E S
[For abbreviations, &>c., see notes on first page]
M iles Date
Road, Bonds
Del River RR & Bridge— 1st M gold guar p & I.GP.o*
10
Denv Boulder & West— Inc 1st M $800,000 au red par
Denver U r & N W— 1st M g red 108 $30,000 p m .Iia
53
Receiver’s certificates-------------- ------------------------Denver & Rio Grande— Stock common (see text)__Tr
Preferred stock 5% non-cumulatlve $50.000.000-Tr
First consol M $42,000,000 now 1st M g..U s.c*& r /1,667
11.667
First & ref M $150,000,000 gold red text._Baxc*&r* 2,528
Adjust M Incomes $25,000,000 7% cum red 115 Nxc*
Improvement mortgage ($5,000 per mile) gU s.c’ &r 1,667
Rio Grande Western 1st M gold (V 69, p 284). Ce.c*
434
First cons mtge redeem at par (see text) g . G.o*
669
Utah Central 1st M guar (V 68, p 724) gold
(i
36
•Enu tament bonds Series B red 101 g $75,000 due sa
Bonds of Affiliated Companies —
Rio Grande Southern first mortgage guaranteed_Ce
180
Rio Grande Junction first mortgage g u a r . __ Ce.c*
62
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 & RR — See that Co.
1st M $35,000,000 gold redeem 105 Ba.xc*&r*
Do cash int: 3 % , 3 yrs; 4 % , 1 yr; then 5% —
Do cash int: 4 yrs, 1, 2, 3 & 4 % , respec, then 5%
Locom equip notes gu Am Loc Co duo $17,500 qu .c
Equip notes g due $25,000 or $24,000 s-ann.-Em .c*
Des .Moines & Fort Dodge— Common stock_________
Preferred stock 7% non-cumulatlve_______________
First mortgage gold guar prln & Interest__ Ce.c’ &r
2d M $600,000 gold i V. 82, p. 1322> red at 10 5...E q
Des Moi la F & No— See St Paul A Des Moines
Des Moines Union— First M for $800,000 gold.-Ce.c*
Det Bay C & W— lstM $1,250,OOOg red textsf.F C .c*
Oetroit Grand Haven & Milw— First equip M guar.-C*
Consol M guar p * 1 Grand Trunk Ry of C an__ o*
Detroit Hillsdale & S W— Stock 4% rental L S & M S
x Of which $1,777,000 In treasury; there are also
Par
Value
1896
1909
1910
$1,000
100 &o
1,000
1886
1886
1908
1912
1888
1889
1899
1S98
1907
100
100
500 &c
1,000
$ St mks
$,£,m,&c
500
1,000 &c
1,000 &c
1,000
1,000
1890
1889
1901
1898
Rate
When
Payable
%
1,293,000
4g
700,000 To 5%
See text
5 g
F <Sc A Aug 1 1936
See text July 1 1939
A & O Apr 11940
Philadelphia, Pa
Kidder&Co,i5NassauNY
In default
4
5
5
5
g
g
g
g
,T
J
M
J
A
&
&
&
J July
D Deo
S Mch
J July
$37,564,511 $36,586,563 $36,052,932
.$12,207,730 $12,841,976 $14,121,315
. *3,885,508 *3,490,085 *3,381,262
1,166,734
. 1,607,537
1,105,696
Total net income___________
Interest and rentals__________
Rentals, advances, &c________
Renewals and betterments___
Discount on bonds, &c________
Dividends (1 0 % )____________
Extra dividend (1 0% )________
.$17,700,775 $17,437,757 $18,669,311
. $5,695,074 $5,211,375 $5,166,625
238,584
.
158,690
224,043
. 1,720,698
2,200,628
2,542,117
169,669
.
84,242
. 3,014,400
3,014,400
3,014,400
3,014,400
. 3,014,400
3,014,400
Balance, surplus after dividends.. $4,013,271 $3,603,242 $4,693,184
♦Earnings o f tho coal dept, in 1912. $21,706,755; expenses, $17,821,247;
net, $3,885,508; 1911 earnings, $22,593,288; expenses, $19,103,203; net,
$3,490,085; 1910 earnings, $21,786,127; not, $3,381,262.
OFFICERS.— Pres., W. H. Truesdale; Sec. and Treas., A. D. Chambers;
Gen. Aud., G. E. Hustis.
BOARD.— Fredk. W. Vanderbilt. W m. H. Moore. Henry A . C. Taylor,
Win. H. Truesdale, Geo. F. Baker, Wm. Rockefeller, Geo. F. Baker Jr.,
James Stillman, M. Taylor Pyne, Harris C. Fahnestock, John D. Rocke
feller Jr., William Fahnestock, Harold S. Vanderbilt, J. F. Talmago. Office,
90 West St., New York.— (V. 95, p. 1745; V. 96, p. 486. 646, 1156, 1628.)
DELAWARE MARYLAND & VIRGINIA RR.— Owns from Harrington
to Franklin City, Va., 78 miles; Georgetown to Rehoboth, Del., 20 miles;
total, 98 miles. Controlled by Phlla. Balt. & Wash., which owns $326,200
of the $526,758 stock (par $25), and so by Penn. RR. See V. 50, p. 498.
In year ending Dec. 31 1912, gross, $385,693; oper. def., $68,574; other in
come, $1,105; int., &c., $81,060; bal., def. for year, 1$48,529— but this does
not includo interest on floating debt (of $893,719 Dec. 31 1902).
DELAWARE & NORTHERN RR.— East Branch to Arkville, 38 miles,
and 8-mile branch. Incorp. In N. Y. Oct. 14 1911 as a reorganization of
the Delaware & Eastern R R ., foreclosed Aug. 16 1911, per plan, V. 93,
p. 588. Stock, common. $1,000,000; 6% cum. prcf., $250,000; par, $100.
For 8 mos. ending June 30 1912, gross, $65,880: net, $10,422; taxes,
$5,833; other Income, $2,165; rentals paid, $439: bal., sur., $6,316. For
year ending June 30 1911 (45 miles), gross, $103,763: net, $7,907; taxes,
$9,346. Pres., Andrew M. Moreland; Sec. and Treas., Clyde C. Taylor.
Office, Margaretvllle, N. Y.— (V. 93, p. 1105, 1259, 1725.)
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 R R ., which
guarantees bonds, principal and Interest, by endorsement. Dividends:
Deo. 1900 to June 1906, Incl., 4% yearly (2 J. & D.); Dec. 1906, 3% ; 1907,
5% ; 1908, 6% ; 1909 and 1910, 6% ; 1911, 5% ; 1912, 6% ; 1913, Juno, 3% .
Sink, fund, 1% . Guaranty, V. 63, p. 1062, 1159; V. 89, p. 1596.
DENVER BOULDER & WESTERN RR — See page 138.
DENVER LARAMIE & NORTHWESTERN RR — See page 138.
DENVER & RIO GRANDE RR.— (See M a p .)— ROAD.— Mileage:
Of the preceding:
Road owned and operated_____2,528
Rio Gr. Jo. R R ., &o. (leased)..
69 Standard gauge_______________1,810
Narrow gauge only...............—
787
Total June 30 1912_________ 2,597 Second track_________________ 159
Rio Grande & Southwestern R R ., Lumberton Station, Col., 33 m. south
easterly, Is operated on basis of 25% of gross earns. V. 79, p. 907.
Jointly with the Colorado & Southern constructed from Southern Jet. to
Walsenburg, 51 miles, completed Jan. 1912, costing each company
$1,924,294. V. 90, p. 626; V. 93, p. 597; V. 95, p. 623. It is proposed
gradually to electrify the main line, first Helper, Utah, to Salt Lake City
114 miles, then Salida to Minturn, Colo., 87 miles. V. 95, p. 1402.
HISTORY.— On July 31 1908 tho Rio Grande Western was merged.
V. 87, p. 226, 285. Tho Rio Grando Junction (of whoso stock the greater
part is owned) is leased jointly by this co. and the Colorado Midland, and
Its bonds guaranteed. V. 95, p. 1541. The Col. Midland is controlled by
interested severally in the D. & R. G. and Colorado & Southern, and
fiarties
n Jan. 1912 the Col. Sou. agreed to sell its half sharo to tho D. & It. G.,
but sale was note omploted, owing to legal difficulties. V. 70, p. 739.
Rio Grande Southern has been controlled.
The Missouri Paclfto on June 30 1912 owned $17,295,000 common and
$9,805,000 pref. stock, tho pref. and most o f tho common deposited under
M o. Pac. 3-year 5% notes of 1911. V. 72. p. 338. 580, 1238; V. 73, p. 506.
Denver & Rio Grande owns two-thirds of the stock and has given a traffic
guaranty to the Western Pacific R y. (which see), 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 & R R . Co. Is about equally
owned by the D. & R. G. and Western Pacific, which guarantee Its $1,100,
000 first mortgage 30-year 5% bonds. V. 88, p. 232.
DIVS. since ’911 ’92. ’93. '94. '95. '96. '97. '98. '99. '00. '01 to Jan. '11
on preferred. % ..J 0
2
0
0
2
2 2H 4
4
5 yearly.
In 1911 dividends were suspended in order to pay tho int. duo Sopt. 1
on the West Pac. 1st M . 5% guar, bonds. V. 92, p. 1635.
BONDS .— improvement mortgage abstract 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 5a
of 1931; see application to list, V. 78, p. 1171, 1178, 1548, 2015.
Office, 165 B’ way, N Y
National Park Bank, N Y
do
do
Bank’ Tr Co, N Y;& Ber
N Y, Lond (t Amsterdam
National Park Bank, NY
Guaranty Trust Co, N Y
do
doi
do
do
do
do
Maitland, Coppell, N Y
do
do
do
do
do
do
l 1940
1 1939
1 1931
1 1928
10,000,000
5 g J
x
2.02.6,006
toxt 1913 $,£,fr,&c
M & N May 1 1943
1,553,000
5
text 1913 $, £, &c 4,344,000 3-4-5
M A N May 1 1943
toxt 1913 $, £, &C 1,695,000 1-2-3-4-5 M & N May 1 1943
L913
2,000,000
__ 1910 ________
5
192,500
Q__ F Aug '13-Feb '16
__ 1913
1,000
Sept’ 13-Mch '23
488,000
5g
100 4,283,100
100
763,500 See text August Aug 2 1909 5%
1,000
138 1905
3,072.000
4 g J & J Jan 1 1935
__ 1906
1,000
600.000
5 g A & O Apr 1 1935
1,000
5 1887
621.000
5 g M & N Nov 1 1917
1,000
40 1912
300,000
O Oct 1932
A
5g
1,000
189 1878
2,000,000
A
6
O Nov 14 1918
200 Ac
189 1878
3,200,000
A & o Nov 15 1918
6
100
65
1.350,000
J & J July 5 1913 2%
4
$2,233 .000' n ot guara nteed
Gross______________________
Not after taxes_______________
Coal department (net)________
Other miscellaneous income___
Places Where Interest and
Dividends are Payable
Last Dividend
and Maturity
38,000,000
49,779,800 See text J & J Jan 16 1911 2 H
4 g J & J Jan 1 1936
34,192,000
6,382,000
4 h B J & J Jan 1 1936
33,944,000
5 g F & A Aug 1 1955
See text
See text See text Apr l 1932
8,335,000
5 g J & D June 1 1928
15,190,000
4 g J & J July 1 1939
15.168,000
4 g A & O Apr 1 1949
390,000
4 g A & O Jan 1 1917
675,000
5 g M & S Sep’ 13-Sep’ 17
1,000 x2,277,000
1,000 2,000,000
1,000
540,000
1,000
959,000
15% stock dividend paid Aug. 2 1909, and In Deo. 1911 35% In 4% guar,
stock of Lack. UR. of N .J . V. 89. p. 41.224; V. 93. p . 1323;V. 94, p. 549.
EARN ING S.— 10 m os.,/1912-13..-G ross, $33,556,538; not, $12,789,334
July 1 to April 30.
(1911-12-..Gross. 29,834,315; net, 10,748,738
ANNUAL REPORT.— Annual meeting Is hold on Tuesday preceding last
Friday In February. Tho report for 1912 was in V. 96, p. 646.
Year ending Dec. 31—
1912.
1911.
1910.
Passenger earnings................................. $7,722,953
$7,696,800 $7,290,943
Freight earnings_______
27,279,663
26,559,404 26,511,251
Miscellaneous....................................... 2,561,895
2,330,359 2,250,738
Amount
Outstanding
[Vol. XCVI
Now York
do
do
do
do
Harvey F'sk & Sons.N Y
Now York
25 Broad Street, N Y
Central Trust Co, N Y
Central Trust Co. N Y
First Tr & Sav Bk, Chic
New York and London
do
do
Farmers’ L & Tr Co. N Y
The Rio G. W . first consol. 4s of 1899, see application to list In full.
V. 72. p. 537, 775, 1189. List of collateral June 30 1912, V. 95. p. 625.
The refunding mtge. dated July 1 1908 covers the consolidated properties
to secure an Issue of $150,000,000 bonds, redeemable at 105 to Aug. 1 1913
and 110 thereafter. In addition to a lien on the Denver & R. G. R R ., the
bonds are secured oy two-thirds ($50,000,000) of the stock of the Western
Pacific and all the $25,000,000 2d mtge. bonds on the latter. V. 80,
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.
The adjustment mtge. (7% cum. income) bonds authorized In April 1912
(total $25,000,000. present Issue $10,000,000) received their first Install
ment of interest absolutely on Oct. I 1912, and are since ontitlecl (A. & O.)
to such amount as the board shall determine out of surplus net income
during the six months ending Dec. 31 or Juno 30 immediately preceding,
all arrears, if any, to bo paid at maturity or at dato of earlier redemption.
Redoomablo at 115 any interost date as a whole, or in blocks of $500,000.
GENERAL FINANCES.— Of the new adjustment bonds, $10,000,000
(underwritten) were offered in 1912 to stockholders at par. Tho proceeds
will be used to construct a detour line about 14 miles long from Soldier
Summit, Utah, to continue It as a second track 16J4 m. to Thistle, to build
a second track from Thistle to Midvale, about 54 m., and from Castle Gate
to Kyune, about 7H m. (aggregate cost about $3,700,000), to purchase
$2,500,000 equipment and from the proceeds of $2,500,000 bonds to acquire
Western Pac. Ry. obligations to be pledged under the adjustment mtg.
to pay part of West. Pao. Interest and Improvements thereon and the re
mainder for important acquisitions and itnpts., especially for purposes desig
nated in tho 1st & rof. M . V. 94, p. 911, 1565; V. 95, p. 176, 623, 1403.
LATEST EARNINGS.— From July 1 to April 30, 10 months;
Ten
M o s
.—
C ro ss.
N e t.
O th e r
In c .
C h arges.
B a l.,S u rp .
1912-13------------$20,667,141 $5,709,330 $1,336,831 $5,588,776 $1,457,385
1911-12............. 19,466.830 4.484,758 1.183,520 5.036,337
631,941
ANNUAL REPORT.— Report for 1911-12 In V. 95, p. 613, 623.
1911-12.
1910-11.
1909-10.
2.551
2,553
2,541
Average miles operated____________
Total operating revenue....................... $23,280,403 $23,391,771 $23,563,437
Net revenue........................................... 6.273.260
7,406,434 7,779,467
T axes.....................................................
877,000
859.621
823,515
Operating income.............................'$5.396,260
$6,546,813 $6,955,952
Other Income......................................... 1.745,454
1,849,406
1,537,870
Total net income............................... $7,141,714 $8,396,219 $8,493,822
Interest on b o n d s .............................. 5.028.627
$4,922,136 $4,606,867
Rental of road, yards, terminals, &c.
298,862
285,411
273,476
Hire of equipment...............................
687,306
705,628
605,312
Div. on pref. sto ck ...........................................
(2 H) 1.244,495 (5)2,488,990
Renewal fund................
120.000
120.000
120,000
Appropriations for betterments, & c .. _______ _
______
______
Total................................................... $6,134,795 $7,277,670 $8,094,645
Surplus................................................... $1,006,919
$1,118,549
$399,177
OFFICERS.— Chairman of Board. E. T. Jeffery: Pres., B. F. Rush;
V .-P., E. L. Brown; Sec. & Comp., Stephen Llttlo; Asst. Treas., It. F.
Watkins and Jesse Whito. Office, 165 Broadway, Now York.
Directors— George J. Gould, E. T. Jeflery, Edwin Gould, Kingdon
Gould, Edgar L. Marston, Arthur Coppell, Edward D. Adams, New York;
Benj. F. Bush, St. Louis, Mo.; Charles S. Schlacks, San Fran.; Edward L.
Brown, Joel F. Valle. Denver, Col.— (V. 95, p. 1472, 1541; V. 96, p. 1772.)
DENVER & SALT LAKE R R .— Projected rom Donvor to Salt Lake,
about 575 miles, along a lino about 100 m. south of tho Union Pac. and
125 m. north of tho Denver & Rio Grando. In 1908 211 miles, Donvor to
Steamboat Springs, was completed, and in Nov. 1912 extension was lot
from Steamboat Springs to Craig, about 42 miles. V. 92, p. 1310; V. 95,
p. 1403, 1541; V. 96, p. 1088.
The electors of Denver on May 20 1913 approved charter amendments per
mitting a tunnel to be built by city through tho Continental Divide, for use
under lease by this and other companies at an estimated cost of $4,500,000.
of which the company is to pay one-third of tho cost and also interest on
tho city bonds and maintenance and 1% until tho bonds are retired.
V. 96, p.1488; V.92, p. 1310; V. 95. p. 1403, 1122; V. 96, p. 1488,1628.
Election to authorize the necessary city bonds will bo hold shortly.
ORGANIZATION.— Incorp. In Colo. Dec. 1912 and took over as o f
M ay 1 1913 (per plan, V. 96, p. 890) tho Denver Northwestern & Pacific
Ry. sold in foreclosure April 18 1913. V. 95, p. 1683, 1603, 1331; V. 96,
p. 135. 1296, 1364.
In Feb. 1913 $488,000 equipment notes payablo in 20 semi-annual in
stallments wero sold. V. 96, P- 553, 1088.
Equipment trust 5-year notes outstanding Mar. 31 1913, $278,609.
STOCK.— Authorized issue increased in May 1913 from $10,000,000 to
$35,000,000. Tho $10,000,000 issued is all held In 5-year voting
trust. Benjamin Strong, Leroy \V . Baldwin, Newman Erb, W. M . Wad
ders, F. S. Pearson, Lawrence C. Phipps and Charles Boettcher, voting
trustees. V. 96, p. 1088, 1488. Under tho plan tho voting trust certifi
cates wero turned over to tho Newman Erb syndicate that financed tho re
organization and to the Denver Securities Co.
BONDS.— Tho new $35,000,000 1st M . 5s bear Interest as follows, tho
graduated interest bonds having been issued to retire old bonds, &c.
N ote .— All graduated 1st M . bonds will for tho first four years receive
full 1st M . 5s for the difference between 5% and tho rato payablo in cash.
(1) To bear cash hit., payable semi-annually as follows: 3% per
annum for first 3 years, 4% for 4th year and 5% yearly there
after. Thero will bo placed in trust $1320.00 cash to be applied
in paying 2% on account of the 3% int. payablo for tho first
year and 1% of tho 3% int. payablo the 2d year, say________ $4,343,640
(2) T o bo issued bearing cash interest, payablo seml-annua“ y , as
follows: 1% per annum for first year; 2% for 2d year; 3% for
3d year; 4% for 4th year and 5% yearly thereafter, s a y ___ $1,695,293
E
Terminus2
m in es
___ _
, ^Caryhurst
/ f X<3^WpB°V0
^
P jm ^ T u cddimi
SILVER CIT '
MAMMOtH'
Tintie
1
RAILW AY STOCKS AND BONDS
NEPHI
su W u ^L
G u n n i.W
„ ^ f nRISON -
Sigurd
RICHFIELD
Elsin
Joseph
L
Sevier
J
ARY VALE (
dLoa
V _ Caine ville
Junction o
TimrberAL^
,HanksviU©-
\EscaUn^^
- —.1 ■■ j _ E
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0
■
(AKlamath,Lakevi^w
v\
N S I , \ Y^\^niericaii
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----A. ^c<>
5"' \ \
0
Ft.McDernntt
jj/sS
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June
1 9 1 3 .J
1 J ^
MAP OF .THE
! j
|
r
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______ Carnadsro'y ‘
.
W ESTERN
Junction/^
PACIFIC R A IL W A Y . J
J
^ ^
'
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Henrieville' s .
B
R
A
S
K A
46
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N I E S
[For abbreviations, & c., see notes on first page]
Miles\ Date
Road Bonds
Par
Value
Detroit & Mackinac— Common stock, 52,000,000 auth
Pret stock non-cum 51,000,000 auth (V 74, p 6 2 9 )..
"First lien" 51,500,000 gold.................................Go"
All
1895
"Mortgage bonds" 51,750,000 g red at par____ Gc*
All
1895
Detroit Mackinac & Marquette Ry.— See •‘ Miscelian eous C ompan ies.”
Detroit Toledo & Ironton— Receiver’s certificates___
Det Sou— Ohio Sou Div mtge (foreclosed)___ Ce
263 1901
General lien A division 1st M 54,253,000 gold-.N .c
All
1905
Consolidated mortgage 522,500,000 g o l d ___ CK.c
Text 1905
Notes for Ann Arbor 55,500,000, see text______Usm
1905
Locomotive and car trusts________________ _
Equipment trust (equipment surrendered')
"Eq
1905
Detroit Southern car trusts due 540,000 yearly
1. Sectirities to be issued by neio compny to take over
Ohio 'South
Stock ($4,500,000 4% non-cum preferred) .
First mtge gold $1,500,000 redeemable at 110___
1913
Adjustment M $,2500,000 g cum red par...........Ce
1913
2. Securities to be issued by new company to take up North ern an
Sto<^|f $6,000,000 to be hold in voting trust
Two-year gold notes $3,000,000 redeemable at par
1913
Det & Tol Sh L— 1st M 53,000,000 g gu p A l.Ba.c* Ar
48 1903
Dover & Rockaway— Stock 6% rental 990 years___
Dub & Sioux City— 111 Cent W lines 1st M g-.U s.c* Ar
218 1895
Iowa Falls & Sioux City 1st M Iowa Falls to SlouxCy
184 1869
Cher A Dak.C R & C and Omaha Div Ac first mtge
328 '88-00
Duluth & iron Range— First mortgage______Mp.cAr
210 1887
Second M currency redeem at 105 55,000,000-Ce.c*
210 1896
Duluth Missabe & Northern— First mortgage g o ld __
65 1892
First consol mtge 53.500.000 gold call at 105___ Ce
130 1893
1,000
General mortgage gold s f, red 105___________ Nxc*
215 1906
1,000
Duluth Rainy Lake & Winnipeg— See Dul Win & Pac.
Duluth So Sh & Atlantic— Marq II & On gen M -.Ce.c*
130 1885
1,000
Duluth South Shore & Atlantic 1st M gold.Ce.cAr
587 1887
1,000
First consol mtge gold Interest guar___ C c.c’ Ar
587 1890
1,000
Income certs held by Can Pao___________________
1892
Car trusts guar by Can P a c ___________________
1909
do
do
do
_
1910
do
do
do
.
1912
do
do
do duo $31,000 s-a . Ce.c
1912
Du Winn & Pac— 1st M deb stock guar by Car Nor Ry
'1909
DulRLAWln 1st M52.000,000gred 105since’ ll-lC c *
1906
1.000
(3) To bo issued bearing from the outset full 5% interest—
(а) Issuable forthwith at 85 to Mr. Erb, in return for $1,132,000
cash, of which $132,000 is to be placed in trust (see “ 1” ) and
$1,000,000 to bo used for improvements, now equipment,
pay floating debt, foreclosure exp., &c., about_______________$1,553,000
200,000
(б) T o bo used, with approval of Chairman of commltteo___
[Making total to be issued under the plan not over $7,800,000.1
(c) Reserved, to bo issued for future requirements, subject to
restrictions to bo agreed upon, say_______________________ 27,208,067
The $2,000,000 adjustment mortgage bonds are to bo 5% non-cum. incomes
until the net earnings aro 150% of the full 5% on all outstanding 1st M .
bonds and also on Northw. Term, bonds, but thereafter fixed 2d Si. 5s.
N . W . TE RM IN A L R Y .— Leases Northwestern Terminal Ry. at Denver
for 999 years, guaranteeing bonds, prin. & int. Bonds aro callable to July 1
1916 at 105 and int.; thereafter at 102)4; see V. 90, p. 503.
EARNINGS.— For 12 mos. ending June 30 1912, gross, $1,197,596; net,
$295,610; taxes, $41,220. In 1910-11, gross, $1,044,258; not, $302,637
other incomo, $74,715; int., taxes, A c., $665,178; bal., deL, $287,826;
For 10 mos. ending April 30 1913, gross, $950,283; against $1,015,346 in
1911-12; not, $222,628, against $272,717.
OFFICERS, Ac.— Pres., Nowman Erb; V.-P. A Gen. M gr., W . E. Morse;
Treas., Ward E . Pearson; Sec., II. B. Blanchard. Directors: Newman
Erb, Dr. F. S. Pearson, Leroy Baldwin and Georgo II. Burr of New York;
W. M . Wadden, Boston, Mass.; Lawrence C. Phipps and Charles Boettcher
Denver, Colo.— (V. 96, p. 553, 1088, 1364, 1488. 1628.)
DES MOINES & FORT DODGE RR.— (See M a p Minneapolis & 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 Spencer to Ruthven,
12.45 m.; total, 156.14 m. In 1904 Minneap. A St. Louis acquired §2,530,
000 of the outstanding §4,283,100 com. stock, and guarantees the §3.072,000
1st mtge. 4% gold bonds Issued to retire all the outstanding bonds, which
matured Jan. 1 1905; the Minn. A St. Louis leases the road for 30 years from
Jan. 1 1905; all Income over charges, improvements, Ac., 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.
DIVIDENDS.— 1 ’93. ’94. ’95. ’ 96 to ’98. ’99 to *03. ’04 to ’09 ’ 10’-12
On preferred......... % l 2
4 4
6 yearly
7 yearly 5 yearly None
Report for year ending Dec. 31 1911, in V, 95, p. 109, showed gross
earnings, §744,710; net, §194,137; taxes A Int., §179,595: surplus, §14,542.
Year 1910, gross, §769,842; net, §262,454; taxes A Int., §176,580; bal., sur.,
§85,874. Pres., Newman Erb; V .-P., W. G. Blerd: Treas., F. II. Davis;
Sec., VV. S. Crandell.— (V. 91. p. 34. 38; V. 92, p. 1632; V . 95, p. 109.)
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 R R ., Chicago Great
Western, Chic. Milw. A St. P. R y., Chic. Burl. A Quincy R R ., St. Paul A
Des Moines R R . and Minneapolis A St. Louis R R . 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 1911-12,
gross, §367,252; net. Inc., §135,445. Year 1910-11, gross, §382,010; net,
§132,411; other inc., §42,068; Int. and taxes, §83,036; bal., sur., §91,443.
(V. 86, p. 337.)
DETROIT BAY C IT Y & WESTERN R R .— See page 138.
. DETROIT GRAND HAVEN & MILWAUKEE R Y .— Owns from De
troit to Grand Haven, M ich., 189 miles. Real estato bonds, A c., $226,000.
On June 30 1912 sundry outstanding accounts, $3,164,836. Grand Trunk
of Canada owns entire $1,500,000 stock.
EARN IN G S.-10 m os.,/1912-13..........Gross, $2,082,453; not, $20,951
July 1 to April 30.
(1911-12-------- Gross, 1,877,242: net, 199,113
Year ending June 30 1912, gross, $2,273,729; net, $307,117; other incomo,
$8,526; charges, $594,608; bal., dof., $278,965.— (V. 96, p. 789.)
DETROIT HILLSDALE & SOUTHWESTERN R R — Owns YpsllantI,
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— -1% on stock
DETROIT & MACKINAC RY.— Owns from Bay City, Mich., to Cheboy
gan, 195 m.; Au Sable division (formerly A. S. A N. VV. R R .), 56 m.; Rose
City Branch, 31 m.; Prescott Branch, 12 m.; Lincoln Branch, 14 m.; Au
Gres Branch. 8 m.; Alabaster Branch, 4 m.: Hillman division. Alpena to
Hillman, Mich., 22 m.; Rogers City Branch, 14 m.; logging branches
(largely temporary), 59 m .; total, 415 m. In 1911-12 forest products furtroll
0* ^ra^ c * Henry K . McIIarg and associates acquired conBONDS.— "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 §500,000
"mortgage” bonds were on June 30 1912 held In the treasury.
D IV ID E N D S.— On pref., 2H % July 1 1903; since to Jan. 1913. 5% y ’ly.
On common in 1911 to 1913, 5% yearly ( 2 M % J. A J.) V. 91, p. 1511.
LATEST EARNINGS — 11912-13------Gross, $1,033,292; net, $239,144
10 mos., July 1 to AprU 30.(1911-12___ Gross, 1,029,702; net, 210,588
E A R N IN G S.— Report for year ending June 30 1912 was In V. 95, p. 1398,
showing: Gross, $1,248,102; net income after taxes, $270,359; int. on
bonds, A c . , $100,134;bet torments A c., $22,490; pref. div. (5 % ), $47,500;
S i o e O ^ ’ s l . T ' S ' s . 1)'’ '-- ^
I9" M 1 ' ^
31' l f 7 '099i
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 LIsman
Jot. to Dean, O., 3 m.; total, 441 m.; coal mine tracks, sidings, Ac., 147 m.
ORGANIZATION.— Successor, per plan V. 80. p.B650, of Dct.»South.
STOCK.— Common, $12,500,000; 1st prof. 4% n.-c., $7,500,000; 2d
pref. 5% n.-c., $5,000,000.
RECEIVERSHIP. In Feb. 1908 receivers wore appointed. Geo. P.
Johnson is now receiver. V. 94, p. 1317, 1383. Foreclosure sales under
Amount
Outstanding
Rale
%
§2,000,000 5 In 1913
950,000 5 In 1912
1,050,000
4g
1,250,000
4g
See text
4,495,000
4,253,000
2,776,400
See text
abt.750,000
1,656,000
40,000
ion
When
Payable
J
J
J
J
Last Dividend
and Maturity
A ,TJuly
A J July
A I) June
A D June
M A S Mch 1 1941
.1 A D Deo 1 1955
A A Aug 1 1980
.1 A 1) Deo 1 1908
5
M A S To Sept 1913
4M
A D To June 1915
4M g J
4 M g A A O To Oct 1 1912
4M g F
n Divisions
&
5,582,198
2,500,000
6g
2,288,000
4g J &
150,000
A A
6
5,425,000
4 g
F A
2,800,000
7
A A
8.930,000 Illinois C entral
8,151,000
A A
5
See text
6
J A
1,174,000
6g J A
464,000
6g J A
11,071,000
5g J A
■6
5g
4g
4
Places Where Interest and
Dividends are Payable
1 1913 2 M H K McIIarg, New York
l 1913 2 M
do
do
1 1995
J P Morgan A Co, N Y
1 1995
do
do
4g
4g
9,000,000
See text
5g J
2,500,000 Up to5%
1,077,000
3,816.000
15,107,000
3,000,000
40,000
88,000
52,200
279,000
6.148,333
2,000,000
[Vol. XCVI.
J 1953
1953
Oct 1 1915
•TJan 1 1953
O Apr 1913 3%
A Aug 1 1951
O Oct 1 1917
bo nds or collatera
O Oot 1 1937
J Jan 1 1916
J Jan 1 1922
,TJan 1 1923
J Jan 1 1941
Mch 1911 coup not paid
Dec ’09 coupon cashed
Aug ’07 coupon last paid
Dec ’07 coupon last paid
Harvey Fisk A Co, N Y
Deo ’07 coup last paid
Int from July 1 1913
Bankers Tr Co, N Y
143 Liberty St New York
Office 115 B’ way, N Y
do
do
efor
Office Empire Bldg, N Y
do
do
A
J
F
A O Apr 1 1925
A J Jan 1 1937
A A Aug 1 1990
Deo 31 1912
M A S Mch 1 1914
4M
4
A A o Apr 1 1915
4
F A A Aug 11917
4H B J & I) Dec ’ 13-Dec'17
4
.1
A D June 1 1939
5 g J A J Jan 1 1916
do
tho general lien and divisional mortgage adjourned to June 28 1913. V. 96
iV ifiio 1488. Ohio Southern division was sold at foreclosure sale
below 7
and
Sale haS been confirmecl*
96, p. 1156, 1488. See
The Int. on the § 1 ,6 5 6 ,0 0 0 4
equip.trust notes of 1905 being In default,
the equipment was surrendered; but tho obligation remains. V 89 n 1410
On Juno 30 1912 there were §1,725,780 6 % certificates outstanding of
various Issues and priorities, viz., §245.000 under order of February 1908
55°°,’ 9? u“ d& °«>cr of December 18 1909, §150,000 under order of March
20 1911, §500,000 series " A ,” order June 30 1911, payable In one
s?,r’ ’,’ f ! or,der June 2 0 1911, payable In one year, and
§50,000 ser. ‘A, additional, order May 10 1912, payable In one year or
sooner. See full particulars, V. 95, p. 815.
On July 9 1912 $450,000 receivers’ certificates wero authorized of which
$297,000 Issued to Dec. 25 1912. V. 95, p. 110.
’
SEPARATE REORGANIZATION OF OHIO SOUTHERN D IV I
SION.— Under plan of Wallace commltteo, dated April 14 1 9 1 3 (V 96
p. 1156, 1228), the Ohio Southern (Central) division, extending from Lima
P -,.to Roekwood with 2 branches (223.85 milos) has been foreclosed and is
t0 H i ^ a£&ed separately, with the new securities shown in tablo above
and $2,247,000 cash for payment of receiver’s debts (about $1,500,000).
A c.. and for improvements, now equipment, Ac. Holders of Ohio Sou.
P lv. 4s ($4,495,000) participating pay $500 assessment on each of their
$1,000 bonds and receive 50%, or $500. in now bonds, 100%, or$l,00 0,in
now prof. stock and 50% , or $500, in new common. First 20% of assess
ment was paid M ay 10 1913 at Central Trust C o., N . Y .
1 ho first M . 40-year gold 5s ($1,500,000) aro all to bo roserved for exten
sions, additions, Ac. The adjustment (income) 5s aro to bo entitled to
Interest, payable seml-ann., at not exceeding 5% yearly, out of surplus
Incomo, cumulative after July 1 1913, but with no right of foreclosure for
non-payment of interest until the maturity of the principal. As to estimate
of earnings, seo V. 96, p. 1156, 1228.
SEPARATE REORGANIZATION OF N ORTHERN AND SOUTH
ERN DIVISIONS.— It is proposed, under plan of Bannard committee,
dated June 3 1913 (V. 96, p. 1628), that the Northern Division (Lima, O.,
to Detroit (Delray), M ich., 137.6 m. main and 16 m. leased line, incl. 7 m.
trackage in Detroit, and the Southern Division [Ironton northerly 30.86 m .,
Inc . 1M m. terminal lines in Ironton; Dean branch, 5.26 m.) be foreclosed
and reorganized separately with the securities shown under ( 2 ) in tablo
above and $2,400,000 cash for payment of receiver’s certificates ($1,596.
806)’ advances, improvements, Ac. Holders of “ Goneral Lien and Dlviro 9onds a™ t 0 pay a 35% assessment and recelvo per $ 1 , 0 0 0 bond
$364 0 8 In new 2-year 6 % gold notes (at 96%) and $1,000 voting trust certs.
? ir1t lnstallment of 10% payable Juno 25 1913 and remain
der (25%) Is to bo in one or two installments on not less than two weeks’
notice. No provision is made for the consol, mtge. bonds or stocks.
Tho cash requirements ($2,400,000) are to bo provided for by tho cash
assessment o f 35% ($1,488,550) and the sale of $949,427 notes and $1,329,
198 stock. Of the 6 % gold notes to be dated Oct. 1 1913, $500,000, and
of tho stock $417,802, aro to be reserved for future requirements. No
mortgage or other general charge is to bo created until all tho notes aro
paid. For any merger providing for an exchange of other securities for the
notos, a vote of two-thirds in amount of said notes will bo binding upon all
of tho noto-hotders. All stock other than shares to qualify directors to bo
vested for a term not to extend beyond Oct. 1 1915 in trustees (Otto T .
Bannard, Sidney G. Borg and Philip J. Goodhart), with power, in their
discretion, to permit the salo or lease of any or all of tho property or merger
with any other company, Ac.
COMMITTEES.— Ohio So. Div. 4s.— James N. Wallace, Chairman; F. E
Mowle. Seo., 25 Nassau St.. N. Y .: Central Trust Co.. N. Y.. deposltarv.
Ovor 92% of bonds had been deposited In April 1913. V. 89, p. 1279,
1541; V. 96, p. 1156.
Committee for Gen. Lien & Div. 4s.— Otto T. Bannard. Chairman; Wm. R.
Br tton, Seo., 30 Broad St., N. Y.; N. Y. Trust Co., depositary. In Jan,
191° over 85% had been deposited. V. 89, p. 1482, 1596, 1667; V. 90, p.
167; V. 92, p. 794. The Deo. 1909 coupons were cashed in bchalt of the
consol, mtge. Interests, but the 1910 and later coupons remain unpaid.
Committee for Consolidated 4 M s. — Francis Henderson, Chairman; Howard
C. Dickinson. Sec.; Empire Tr. Co.. N. Y.. deposltarv. V. 92, |>. 594. 1242.
1
('Oil. Trust Notes ($5,500,000) Committee.— Joseph Ramsey Jr., Chairman,
Walter L. Worral, Secretary; New York Trust Co., depositary.
.U n d e r plan V. 92, p. 260, holders of deposited notes on payment of
£354.233 per §1,000 notes received §802.10 Ann Arbor preferred and
$585 40 common stock and a cert, of deposit representing tho proportion
ate Interest In 3.741-5441 of §5.000,000 D. T. A I. consols, viz., §919.89
Pref. Stockholders' Committee.— Alexander J. Hemphill, Chairman; Edgar
C. Hebbard, Sec. (Guaranty Tr. Co., N. Y., depos.). V. 8 6 , p. 1409, 1529,
EARNING S .— 1 0 m os.,f 1912-13----- Gross, $1,384,784; oper. dof., $45,121
July 1 to April 30.
11911-12....Gross! ~l!507!474i net,
210,860
REPORT.— For year ending June 30 1912 in V. 95, p. 815.
Detroit Toledo A Ironton P r o p e r .
..y ® .G r ° s s . NeRa/LTaz.) o</i.Inc. Deductions.
Balance.
1911-12..........§1,762,327 sr.§120,213 §23,589 §1,209,671
S i.065,869
1910-11.
1,785,465 dcf.48,875
1 9 ,4 8 8
1,170.599 def.Y.iW . 9 8 6
Interest charge Includes yearly §275,000 Interest on collateral trust notes
Issued for Ann Arbor stock. See V. 83 p 1034
r>J^e'p’
Zlm,?nr
,S!ec- and Treas.,‘ a . Caspar Niles; Office.
Detroit.— (V. 96, p. 419, 947, 1156, 1228, 1365, 1488, 1628.)
DETROIT & TOLEDO SHORE LINE RR.— Extends from Toledo to
(suburbs of) Detroit. 47.6 m.; 2d track, 20 m.; sidings, 3 m.; trackage over
l04u,d0^
y ’ ?!r7ern?'T?r0’
’. * c,,r ? 1 m
-J total
track, 101.6
in. AV.Western
78. p. 2598.
The Grand
Trunk Western
ancj
the 'roie(i0
st Louis
RR.
n^n the entire §1,428,000 stock and Jointly guarantee the bonds, principal
and Interest, by endorsement. Seo form of guaranty, V. 76, p. 653. First
inVa enndf t J % ' P ? Id, n™n}« earnln?s Prior to June 20 1908: ■“ fiscal year
1908-09 6% and in 1909-10, 1910-11 and 1911-12, 8% ; also In 1911-12 8%
from accumulated surplus. V. 87. p. 1237,
/0
June , 1913.]
47
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N I E S
[For abbreviations, & c., see notes on first page]
Dun All V & Pitts— 1st M $5,000,000 g gu__G.xo*&r
Durham & So Car— 1st M $300,000 gold red 105-McBa
Durham Union Station— First M $75,000g— (i.c*&r
Dutchess County RR— See Central New England Ry
East Broad Top RR & Coal— 1st M ext 1 9 0 8 ...
2d M Incomes______________________________
East Carolina Ry— First mortgage $300,000 gold
East Mahanoy RR—Stock------------------------------East Pennsylvania—Stock 6% guar 999 yrs Phlla & R
First mtge gold guar p & l by P & R RR (end) __c*
East Tennessee Virginia & Georgia— See Southern Ry
East Tenn & VV No Car— 1st M g (V 81 p 1723) -GuP.c*
Eastern Ry of Minnesota— See Great Northern
onton Dunv & Br Col— IstM deb stk gu see text
§dm
I Paso & Northeast— N M Ry & C col tr g red 105- - N
N M Ry & Coal M g o ld ...........................................Eq
Alam & Sao Mt first mtge $900,000 gold guar___ N
El Paso & Rook Isl 1st M $2,500,000gold guar.Eq.o
Dawson R y & Coal coll trust gold guar p & L_Eq.c
El Paso Union Pass Depot— 1st M g $240,000 sf__Eq
Elgin Joliet & Eastern— 1st M ($10,000,000) g.Ccx.c*
Elizab’tht’n Ter Co— 1st M $150,000 redl05 begApr’ 15
Elkin & Allegh— IstM $12,000 per m g red 107 >3SI3a
Income bonds $10,000 per mile_______________
Elmira & Lake Ont—Sodus Bay & So— 1st M g__U~.Elmira & Williamsport— Stock com 5% rental___ N.c
Preferred stock 7% rental 999 years Northerc "
First mortgage extended 1910...........................
Income bonds 999 years to run_____________
Erie & Pittsburgh— Stock 7% rental 999 yrs Penn CoSpeclal guaranteed betterment stock $2,500,000—
General mtge (now 1st) $4,500,000 gold guar— Un
Erie Railroad— Common stock $153,000,000 auth-----Second prof stock 4% non-cum redeemable at par__
First pref stock 4% non-cum redeemable at par__
A— Old Bonds Assumed— Roads Consolidated
N Y & Erie 1st M Picrm to Dun ext 1897 gold_-C*
Second mortgage (extended In 1879) gold------- c*
Third mortgage (extended In 1883) gold...........o*
Fourth mortgage (extended In 1880) gold.........o*
Fifth mortgage (extended In 1888) gold...........c*
M iles
Bonds
Date
Road
Par
Value
Amount
Outstanding
30
1910 $l,000«fco $2,900,000
300,000
1.000
1905
354.000
1905 1.000&C
38
1906
36
36
1888
34 1905
165
31
128
133
181
8
1912
1897
1901
1898
1901
1901
1905
1891
1910
1911
34 1884
73 Vi
73 H
73 M 1860
1863
83
83
83 1890
—
—
447 1847
447 1849
447 1853
475 1857
475 1858
Rate
%
When
Payable
Last Dividend
and Maturity
4M e F & A Aug 11960
5 g J & J July 1 1935
5 g M & NlMay 1 1955
1,000
100 &c
1,000
50
50
1,000
500,000
464.400
295.000
497.750
2,126,900
495,000
4
4
4g
5
6
4g
1.000
500,000
5g
J &
J &
J Sc
J &D
J &
M Sc
Places Where Interest and
Dividends are Payable
New York
Merchants' Trust Co,Balt
Guaranty Trust Co, N Y
J Jan 1 1958
406 Lafayette Bldg, Phil
do
do
J July 1 1958
J 1936
Safe Dep & Tr Co, Balt
15 Junel5 1913 214 Reading Term, Phlla, Pa
do
do
J JUlyl8 1913 3%
S Mch 1 1958
do
do
M & N Nov 1 1935
Lloyds Bank, Ltd., Lond
Equitable Trust Co, N Y
do
do
do
do
do
do
do
do
do
do
71 Broadway, New York
1.000
50
50
1,000
500
50
50
1.000
100
100
100
Nat Bank of Comm, N Y
Broad St Station, Phlla
do
do
do
do
do
do
Union Trust Co. N
do
do
do
do
1,000
1,000
1,000
1,000
500 &o
4
F & A16 Feb 10 1942
5 g A Sc O Oct 1 1947
5 g A Sc OiOct 1 1951
5 g A & Oi Apr 1 1028
5 g J & J Jan 1 1951
5 g J & J July 1 1951
J & J Jan 1 1916-1935
5g
5 g A1 & N May 1 1941
6 g A Sc o Apr 1 1940
6 g J & J July 1 1941
Up to6%
Oct 1 1941
500.000
5 g J Sc J July 1 1924
500,000
5
M & N May 1 1913
500,000
7
J & J July 1 1913
4
963,000
J Sc J Jan 1 1950
A Sc O Oct 1 2862
570,000
5
2.000.()()()
7
k — M June 10 '13 1 H
1.649,400
7
V!— M June 10 ’ 13 I ts
4,124,000
3M g J & JlJuly 1 1940
112,378,900
16,000,000 See text Semi ann April 1907 2%
47.892,400 See text Semi ann April 1907 2%
Guar Tr & S D Co, Phlla
£1 &C £1,438.356
1.000, 3,000,000
1.00C 2,000.000
372.000
1,000
2,500.0U0
1,000
1,000 3.000,000
240, ()()()
1,000
1,000 lO.OOO.UOU
See text
1,000 See text
2,482.000
2.149.000
4,617,000
2,926.000
709.500
4 g M
5 g M
4H g M
5 g A
4 g J
& N May
S Sept
S Mcb
O Oct
D]Junc
&
&
&
&
1 1947
1 1919
1 1923
1 1920
1 1928
F J Lisman & Co, N Y
J P Morgan & Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
W ., guarantees the Interest on the latter’s bonds. V. 81, p. 558. 613 1848:
V. 82. p. 751: V. 84. p. 158: V. 85. p. 1518; V. 89. p. 1279.
EARNINGS.— Of Dul. Rainy Lake & Win. for year ending June 30 1912,
gross, $831,688; net. $330,974; taxes. $33,478. In 1910-11, gross.$617,286;
net, $171,578.— (V. 90. p. 1490; V . 91. p. 1574.)
DUNKIRK ALLEGHENY VALLEY & PITTSBURGH RR.— Dunkirk,
N. Y ., to Titusville, Pa., 90.51 miles. Leased to New York Central &
Hudson River R R . for 501 years from Jan. 3 1873, rental providing interest
on bonds and 1
yearly dividend on $1,300,000 stock, of which $1,179,275 owned by lessee Dec. 31 1912. Operated by the Lake Shore & Mich.
Southern as agent for the lessee since Oct. 1 1901. Bonds, $5,000,000
(present Issue, $2,900,000), are guar., prln. & lnt., by N. Y . C. & H.
R R ., being all held In treasury of latter Dec. 31 1912. V. 90, p. 1490, 848;
V. 91, p. 336, 1327.— (V. 90. p. 1490; V. 91, p. 336, 1327.)
DURANOO CENTRAL R R .— (V. 95. p. 1206.)
DURHAM & SOUTH CAROLINA RR.— Durham, N. C.. south 30 miles
to Bonsai on the Seaboard Air Line. Stock, $300,000; par, $100.
Bonds, see table. Year 1911-12, gross, $56,193; net, $20,445; int., taxes,
&c., $24,527; deficit, $4,081. Pres., Ernest Williams, Lynchburg, Va.
— (V. 90. p. 1424.)
DURHAM & SOUTHERN RR.— East Durham to Dunn, N. C., 57 miles;
Durham to East Durham, 2 miles; total. 59 miles. Stock authorized.
$2,000,000; outstanding, $1,350,000, of which $750,000 issued Jan. 1 1912
to retire bonds; par, $100. For year ending June 30 1912, gross, $344,010;
net. $184,696; lnt., taxes, &c., $47,196; dlvs. (24% ), $106,500; surplus from
1011, $123,301; total surplus, June 30 1912, $94,301. Dividends. $144,000
(24% ), were paid In 1910-11 from accum. surplus and In 1911-12, $166,500
(24% ). Pres., B. N. Duke. N. Y .; Sec., A . B. Cauthcr. Office, Durham.
DURHAM UNION STATION CO.— Owns passenger station at Durham,
N C.. opened May 1 1905 and used by the Southern R y., Seaboard Air Line
R y.. Norfolk & Western Ry. and Durham & Southern, which each own onefourth of $33,300 stock. Lease provides for rental by several lines sufficient
to pay int. and other charges
Pres., H W . Miller; Sec., C. N. Freeman.
EAST BROAD TOP RR. & COAL CO. (Pa.)— Owns from Mount Union,
Pa., to Woodvalc, Pa., 31.13 miles; operates Shade Gap R R ,, 10 m., and
Rocky R R ., 4.93 m.; total, 46.06 miles. See V. 75, p. 77. A coal road
opened In 1874. Stock, $815,150 (par $50), of which $246,750 Is 6% noncum. pref. First mtge. 4s ($500,000) extended In 1908 to Jan. 1 1958.
Second mtge. 4% Income bonds. $404,400. due Jan. 1958, given In 1908
for back Interest from 1885. Year 1911-12, gross, $307,049: net, $174,826:
other inc., $752; int., taxes, &c., $30,396; bal., sur., $145,182. Office, 406
Lafayette Bldg., Phlla.— (V. 77, p. 145.)
. EAST CAROLINA RY.— See page 138.
EAST MAHANOY RR.— Owns from East Mahanoy Junction to St.
Nicholas and branches, 11.02 m.; 2d track, 4.26 m.; total track, 21.09 m.
Re-leased Deo. 1 1896 for 999 years to Little Schuylkill Nav. R R . & Coal Co.
at 5% on stock, and lease assigned to Phlla. & Reading R y. Of the stock,
$280,000 was deposited by Reading Co. under Its general mortgage.
EAST PENNSYLVANIA RR.— Owns Reading, Pa., to Allentown, Pa.,
35.40 miles, double tracked; all track, 97.65 m. Leased for 999 years
from May 1 1869 to the Phlla. & Reading R R . at a rental of 6% per annum
on the stock and Interest on the bonds. Lease assumed in 1896 by the
Income
Phlla. <&Read. Railway Co. Of the stock, $1,275,300 was owned by Read
b a l., SUr.,
i i u . XU xyxu -iA ,
“ -SS* JpS3yA'Y A f0,’ ing Co. June 30 1912, $1,092,850 being deposited under gen. mtge. of 1897.
other income, $143,237. In 1909-10, gross. $1.3,960,426.— (V. 90, p. 284.)
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.— A narrowDULUTH SOUTH SHORE & ATLANTIC RY.— Operates Duluth to gauge road from Johnson City, Tenn., to Cranberry, N. C., 34 m.; also John
Sault Ste. Marie, 415 miles; “ Soo” Junction to St. Tgnace, 43 miles; other, son City to Hampton, Tenn., 15 m., third rail. Controlled by Cranberry
139 miles; total. 623 miles, Including 26 miles of trackage.
Iron & Coal Co. The same interests in April 1913 purchased the Linville
CAPITAL STOCK.— Common, $12,000,000; pref. 6% non-cum., $10,- River R y., Cranville to Pineola, 14 miles, narrow-gauge, to be made stan
000,000; par, both $100. Can. Pao. July 1 1912 owned $6,100,000 com. and dard. V. 96, p. 1156, 1296.
*!£& • $501,900. Dividends. 4% paid since 1908-09; in 1909
$5,100,000 pref. stock, $3,000,000 Incomes and $15,107,000 consols.
9% and 10% extra; 1911-12, none. For year ending
BONDS, &o.— Abstract first mortgage, V. 45, p. 274.
30 1912. gross, $229,923; net after taxes, $109,360; other income, $7.The first consolidated mortgage of 1890 has Interest at 4% , guaranteed June
760;
int.,
Sec.,
$28,698;
bal.. sur.. $88,502. In 1910-11, gross, $230,731;
by Can. Pao., which July 1 1912 held the entire outstanding Issue ($15,107,- net, after taxes, $101,220;
other income, $6,711; int., &c., $27,689; bal.,
000) In its treasury as security for Its 4% debenture stock; consols for $4.- sur.,
$80,242. P res.,F . P. Howe, Johnson C ity,Tenn.— (V .96, p.1296.)
893,000 arc reserved for prior bonds, and additional amounts may be Issued
EASTERN KENTUCKY RY.— Riverton to Webbvllle, Ky., 36 miles
at $20,000 per mile of new lines. Due Canadian Pacific Ry. Juno 30 1912
Stock, common, $1,697,800; pref.. $1,779,500: par, $100. No bonds.
for guaranteed Interest advances, S6,825,075.
Bills payable, $34,456: car trusts. $1,569. Year 1911-12, gross, $54,894;
LATEST EARN ING S.— f 1912-13— Gross, S2.761.239; net, $558,688 op.
def., $7,091; other income, $587; deductions. $4,255; bal., def., $10,759,
10 mos., July 1 to April 30.U §11 -1 2 ...Gross, 2,575,744; net, 673.453 In 1910-11.
gross. $53,041; net. $636; other inc.. $1.036.— (V. 90, p . 1362.)
Deficit after charges, $468,340, against Jdcficit $257,290 in 1911-12.
EDMONTON
DUNVEQAN & BRITISH COLUMBIA R Y .— See p.138.
REPORT.— Report for year ending June 30 1912 In V. 95, p. 1118.
EL PASO & NORTHEASTERN C O — Owns the El Paso & Northeastern
Of the tonnage In 1911-12, ores furnished 43% , lumber, &c., 24%.
R y. from El Paso, Texas, northeast 165 miles, to the Salado coal fields;
Year —
Gross.
Opcr. Inc. Other Inc. Charges.
B a l., D ef.
1911-12 .................$3,152,475 $543,255 $38,764
$943,560 $361,547 controls and operates El Paso & Rock Island R y., Carrlzosa to Santa Rosa,
1910-11 -------------- 3.148.818
673.726 52,144
910,335
220,465 128 m.; Alamagordo & Sacramento Mtn. Ry., Alamagordo, N. M., to
Russia, 31 m.; Dawson R y., Liberty, N. M., to Dawson, 133 m.; total, 457
Pres., A. B. Eldrldge, Marquette, Mich.— (V. 96, p. 359.)
Name changed from New Mexico R y. & Coal Co. In 1905. Operated
DULUTH WINNIPEG & PACIFIC RY.— Owns entire $2,000,000 stock miles.
as
eastern division of El Paso & Southwestern Co., lessee, the western divi
of Duluth Rainy Lake & Winnipeg R y., Virginia, Minn., north to the Cana
being the El Paso & S .W .R R., El Paso,Tex.,to Benson,Ariz., with br’s
dian Northern at International Falls. 98 miles, giving that road access to sion
The El Paso & Rock Island Ry. was Incorporated In 1902 with $2,500,000
Duluth and Two Harbors at the head o f the Great Lakes, and built from stock
(of which 60% owned by the El Paso & Northeastern Co.) and $2 500 Virginia to Duluth, 78 miles, completed Dec. 1912; also has branches
5% guaranteed 50-ycar bonds. It has close traffic agreement’ with
and spurs for Industrial and mining purposes and docks at Duluth, with val 000
Rock Island & Pacific for 999 years. V. 71, p. 1219.
uable sites for terminals. V. 87, p. 1605, 1664; V. 88. p. 563, 623, 882. 1252; Chicago
The Dawson Ry. & Coal Co., stock $3,000,000, has issued $3,000,000
V. 91, p. 1322. Capital stock auth.. $6,000,000; par, $100.
collateral trust bonds, which are guaranteed, principal and Interest, and are
SECURITIES.— The first mtge. 4% deb. stock of 1910 is guar., p. & L. by secured by the stock and bonds ($3,000,000 each) of the Dawson R y., and
tho Canadian Northern Ry. Of the $10,500,000 auth. Issue, $4,866,666 those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
(£1,000.000) has been sold, $1,525,000 was lssued|to retire existing securities, 25.000 acres of coal, mineral and timber lands, being sold In 1905 to the
$2,000,000 Is reserved to retire the Duluth Rainy Lake & Winnipeg bonds Stag Canon Fuel Co. V. 73, p. 900: V. 74, p. 776; V. 87, p. 1604. 1536.
at maturity, Jan. 1 1016, the remaining bonds to be available for
STOCK.— Stock, $12,000,000. all of one class. In May 1905 Phelps,
further extensions, <fco. On payment of the D. R. L. & W . bonds In 1916 Dodge & Co. interests. It Is understood, acquired entire stock of system.
Its property will be transferred to the company, so that the deb. stock will
BONDS.— The New Mexico Ry. * Coal Co. coll, trust 5s of 1897 are
become a first charge on 173 miles, tho D. R. L. & W. stock In the mean scoured by the stock and bonds of El Paso & N. E. Ry. of New Mex. ($2.time being vested with the trustees, the National Trust Co. of Toronto and 700.000 of each), the stock of the El Paso & N. E. RR . of Texas. $300,000
the British Empire Trust Co. V. 90. n. 1490; V. 91, p. 154, 1322.
(no bonds Issued), and all the stock ($2,500,000) and all the bonds ($1,500,Tho Virginia & Rainy Lake Co., which formerly owned the D. R . L. & 000) of the New Mexico Fuel Co., the latter covering 3,500 acres of coal
EARNINGS.— 10 raos.,f 1912-13.......... Gross, $1,108,024; net, $576,400
July 1 to Apr. 30.
\1911-12--------- Gross,
957,168; not, 517,253
Year 1911-12, gross, 31,176,396; net lncomo, $637,734; Int., rentals, &c.,
*401,325; dlvs. (8 % ). $114,210; bal., sur., $122,109 In 1910-11, gross.
6954,941; not, $430,030. Pros., Walter h . Ross.— (V. 95, p. 1122.)
DUBUQUE & SIOUX CITY RR.— (See M ap o f Illinois Central.)— Owns
Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 184 m.;
Manchester to Cedar Rapids, 42 in.; Ottawa, Iowa, to Sioux Falls, Dakota.
155 in.; Cedar Falls to Minnesota State Line, 70 m.; Tara Station, near Ft.
Dodge. Ia., to Council BlulTs. 130 m.; total owned, 730 miles
DIVIDENDS.— 11900. 1001. 1902. 1906. 1907. 1908. 1909. 1911.
Since 1899.........% l 3
1H
1
1M
4
1 H A ug.3 H Sep. 2
ORGANIZATION.— Controlled since April 1887 by the Illinois Central
R R ., which owns nearly all the $11,750,500 stock and has Issued Its own
bonds on the road; the only D. & S. C. bonds held by the public arc the Iowa
Falls & Sioux City 7s, $2,800,000. Lease, V. 79, p. 11274; V. 89. p. 470
DULUTH & IRON RANGE RR.— Owns Duluth tolEly. Minn.. 117.22 m.i
Tower Jet. to Tower, 1.40 m.; Allen Jet. to Virginia. 24.58 m .; McKinley
to Evclctli, 9.00 m,: Waldo to Drummond. 15.02 m.; Mesaha to Dunka
River, 18.20 m.; other branches, 14.21 m.: branches and spurs, 71.69 in.;
trackage to Union Depot, Duluth, 0.80 in.; total, 272.27 miles. Owns ore
docks and yards on Lake Superior costing over $1,500,000.
STOCK, &o.— 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 tntge. bonds. (V. 66, p. 1237.) First mtge. bonds auth., $25.000 per mile lor construction and $7,000 for equipment. Dividends since
1904: 1905. H5%: 1900. 40%: 1907. 80%: 1008. 80% : 1909, 145%; In
fiscal year 1909-10. 100%; 1910-11. 135%; 1911-12. 90% .
EARN IN G S.— 10 m os.,11912-13 ..G ross, $5,114,361; net, $2,552,034
July 1 to April 30. 11911-12'..Gross, 4,293,038; not, 2,572,044
Year ending Juno 30 1912, gross. $0,084,438; net, $3,041,536; other In
come, $331,830; Interest and rentals, $682,197; depredation and taxes,
*758,143; bal., sur.. $2,533,026. In 1910-11. gross, $7,632,400; net, $4.222,857; other lncomo, $56.410.— (V . 79. P- 2085: V. 93, p. 1190.)
DULUTH MISSABE & NORTHERN RY.— Owns from Duluth to Moun
tain Iron, Minn., 77.60 m.; branch from Alborn northwesterly to Buckeye
Mine, 53 m.; other branches and sours, 223.65 miles; trackage to Union
Depot, Duluth, 1.9 m.; total, 356.21 m.; second tracks and sidings, 294.85
m. Owns extensive ore docks at Duluth. Entire $4,112,500 stock owned by
Lake Superior Cons. Iron Mines, and so by U.S. Steel Corp. V . 72, p. 1038.
BONDS.— Of the gen. 5s of 1906, bonds aro reserved to retire the under
lying bonds; additional bonds may be issued at not over $30,000 per mile for
additional 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 Unci, bonds In s. f.) retires
bonds by lot at 105. V. 88, p. 822.
DIVIDENDS paid fiscal years ending June 30: 1904. 150%; 1900. 110%
1908, 110%; 1909, 145%; 1910, 240%; 1911, 125%; 1912, 100%.
EARNINGS.— 10 mos.,f 1912-13.-Gross, $5,918,068; not. $2,992,786
July 1 to April 30._ J l 9 1 1-1 2 -.Gross^ ,,5,276,609; ^net,^ 2,614,683
48
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first pace. ]
M iles
Date
Road Bonds
Erie Railroad (Concluded)—
Erie R y 1st M Bull Br Hornellsv to Attica gold._c*
60 1861
First consol mtge 530,000,000 gold 5 or £__F.c*
526 1870
N Y L E 4 West first consol mortgage gold______c*
526 1878
Buffalo N Y & Erie 1st M (Buffalo to Corning) ..c *
140 1876
Bull & S W 1st M gold ext 1908 red 105 gold-.xc*
67 1877
Newburg & N Y 1st M gold extended In 1889___ c*
12 1868
Ch A Erie 1st M g (Marlon O to Ham’ d IndL .C e.c*
250 1890
Chicago & Atlantic Terminal first mtge goId._Ce
1888
.. B— Erie Railroad Company Bonds
” Second mtge on BufT A S VV gold ext 1908__ G.xc*
67 1895
Prior Hen bonds $35,000,000 g old ................F .c’ Ar
1895
1895
General lien 5140,000,000 gold_____________c*Ar
1901
Penn coll trust M $36,000,000 g s I (text). Ba.c&r
1903
First conv mtge $50,000,000 gold Series A .Q .c* &r.
1905
do
do
do
Series B ________
1911
Coll tr g notes $12,500,000 red par____Ba.xc*Ar
1911
Three-year gold notes__________________________Ba
1912
Three-year collat gold notes_______________ Ba.xc*
1912
Notes gold due $90,000 yearly___ ________________
Avon Geneseo & Mt Morris and Rochester & Genesee Valle y Stoc
C— Bonds on Properties Controlled by Ownership of En tire (*)
10 1881
Bergen Co 1st M Ruth Jet to Rldgew ext 1911-----’ 68-’ 69
cGoshen & Deck’ t’n 1st & 2d Ms ($60,000 are 2 d )..
’66-’67
cMont A Erie 1st & 2d Ms ($40,500 are 2d )--------’67-’69
Jefferson 1st & 2d Ms ext In ’87 & ’89(H’daIeBr) . . c
1889
1st M Carbon to S depot g ext In ’09 red 105.FP.C*
1885
Long Dock Co cons M g (now 1st M) (see te x t)..c*
1896
cN Y & Greenw L prior lien M $1,5CK),000 gold— N
1880
&New Jersey A New York 1st M ext In 1910----- c*
1892
General mtge $1,200,000 (red 105 after 5 yrs) gold
1882
N Y L E A W C RR 1st M "lawful money” , -Mp.c*
NYLE&W D&ICo ext g’ 13red text(V96,p 1776) F.c*
1883
422 1880
N Y Pa A Ohio prior lien mtge gold $ or £ ------F.c*
Do Leased lines— see separate statements for Cl evelan d A M
N Y Susquehanna A Western— Northern New Jers ey— T loga R
Evansville & Indianapolis— See Chic A East Illinois
Evansville & Terre Haute— See Chicago A East Illinois
32 1911
Fernwood & Gulf RR— First mortgage $500,000.........
Rate
%
182,400
200 Ac
1,000 16.891.000
500 Ac 3,699,500
$1,000 $2,380,000
1.500.000
50 Ac
250.000
1,000
1,000 12,000,000
1,000
300.000
1,000
1,000
1,000
1.000 Ac
1.000 Ac
1.000 Ac
1.000 Ac
1,000 Ac
4,500
ks— See t
or a Mai
1,000
500 Ac
1,000
1,000
100 Ac
500 Ac
500 Ac
1,000
1,000
500 Ac
ahonlng
R — Sec e
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, Ac. V. 74, p. 776. The other Issues are guaranteed.
E A R N IN G S.— 10 m os.J 1912-13...Gross, $7,220,260; net, $2,994,953
July 1 to April 30. 11911-12...G ross, 6,249,643; net, 2,502,219
R E PO RT.— For year ending June 30 1912. of entire El Paso A South
western system (901 miles), gross, $7,613,456; net after taxes, $2,777,873.
In 1910-11, gross, $7,195,886; net after taxes, ($231,554), 52.633,317; other
Income, $984,969; charges, $1,789,670; dlvs. (5 % ), $1,065,900; bal., sur.,
$762,716. 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 A San Antonio (So. Pao. S ys.).
Atch. Top. A Santa Fe, Texas A Pac. and Mex. Cent, railroads on a wheelage basis providing for maintenance and all charges. Stock authorized.
$240,000; outstanding, $88,800; owned equally by six roads named. Of
bonds (see table above), $12,000 mature Jan. 1 yearly, beginning 1916.
V. 78, p. 104; V. 81, p. 1043. Pres., II. J. Simmons; Sec., W . R . Martin;
Treas., U. S. Stewart.— (V. 82, p. 1496.)
ELGIN JOLIET & EASTERN RY.— Owns from Waukegan, 111., on Lake
Michigan, via Spaulding and Joliet, to Porter, Ind., 129.94 miles, and
branches Normantown to Aurora, 9.65 m.— Walker to South Wilmington,
111.— 33.30 miles; Hammond to Whiting, Ind.. Ac., 7.08 miles; Griffith to
Cavanaugh, Indiana, 7.07 miles; Rockdale Junction to Rockdale, 6.57
miles; Cavanaugh to Shcarson, Indiana, 2.64 miles; total main line
owned, 196.25 miles: spurs to coal mines, Ac., 36.88 miles; track
age, 255.46 miles; 2d track, 43.73 m.; side and yard tracks owned, 150.35 m.:
total, 682.67 miles. Aiso leases Chic. L. S. A East., 14.97 m., with 470.09
m. branches and spurs (16.07 miles 2d track) for 60 years from June 1 1909,
and, with the U. S. Steel Corp., guarantees Its $9,000,000 4 H% bonds, pAI.
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. Dividend, 4% yearly (In Dec.) In 1899 to 1912.
EA R N IN G S.— 10 m os.,/1912-13.-Gross, $10,933,077; net, $4,796,700
July 1 to April 30. \1911-12._Gross, 8,455,895; net, 3,435,049
Y r . end. June 30. Gross.
N et.
Other In c.
Charges.
Surplus.
1911-12_______$10,720,751 $4,549,510 $86,353 $2,681,814 $1,954,049
1910-11 ............. 8,053.689 2,766,056
61,520
2,341,334
486,242
Pres., A . F. Banks.— V. 89, p. 1410.
ELIZABETHTOWN TERMINAL RR.— Under construction Oct. 1911
from Westport, N. Y ., on Del. A Hudson, to Elizabethtown, 8 m. Stock,
$80,000; par $100. Pres., G. W. Jenkins, Elizabethtown.— (V.90,p.1362.)
ELKIN & ALLEGHANY RY.— Under construction by the State of
North Carolina from Elkin, N. C., through Alleghany, Ashe and Watauga
counties, N. C., of which Elkin to Thermont. 12 miles, completed Apr. 1
1912. Capital stock to be Issued to the State In payment for convict labor
at $1 50 per day for convicts. Bonds, 1st M. 6s, $1,800,000 authorized,
limited to $12,000 per mile and Income bonds, Interest payable when earned,
issue limited to $1,500,000 at $10,000 per mile. F. J. Llsman A Co. have
purchased the 1st M. 6s. V. 94, p. 1448.)
ELMIRA & LAKE ONTARIO RR.— Owns from Canandaigua, N. Y ., to
Chemung Jot., 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.
Calendar Year—
Gross.
Net.
In t.,& c.
Balance.
1912.............................$1,319,009
$43,010
$168,876
def.$125,866
1911............................. 1,253,912
23,996
167,597
d ef.143,601
EL/MIRA & WILLIAMSPORT RR.— Owns from Williamsport, Pa., to
Elmira, N. Y ., 73.49 miles. Leased to the Northern Central R y. 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. 4.52%, and on pref. 6.3 2% . The
$963,000 1st 6s due Jan. 1 1910 were extended to Jan. 1 1950 at 4% . V. 89,
p. 1667. Calendar year 1912, gross, $1,803,179; net, $236,688; rental,
$149,503.— (V. 89, p. 1667.)
ERIE & CENTRAL PENNSYLVANIA R Y — V. 96, p. 1156.
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, R R . for 999 years In 1870 at 7%
on stock and Interest on bonds and lease transferred to Penn. Co. Under
agreement of Nov. 1 1905 the Penn. R R . will provide sinking fund Install
ments required by the gen. mtge., the E. A P. to deliver Its 3
debentures
at par for such advances and at maturity of the gen. mtge. bonds to ex
change new mtge. bonds therefor. Debentures Deo. 1 1912, $360,112.
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-mIll tax on assessed value, on special betterment, tax-free.
EARN INGS.— Profit to the lessees in 1909 was $217,200; 1910, loss,
$50,595;.1911, loss, $166,285; 1912, loss, $63,446.— (V. 84, p. 749.)
ERIE RAILROAD.— (See M a p on preceding page.) — Embraces trunk
line from Jersey City opposite N. Y. City, to Chicago, 111., 998 miles, and
branches, 1,446 miles; total, 2,444 miles; second track, 974 miles; third
and fourth tracks, 36 miles; total, all main tracks. 3,454 miles
Lines Owned in Fee —
M iles.
Leased Lines —
M iles.
Plermont, N. Y ., to Dunkirk.. 447 Avon Gen. A Mt. Morris--------- *13
Buifalo to Jamestown, N. Y . . .
67 Montgomery A Erie__________ *10
Buffalo to Corning, N. Y . ......... 140 Northern R R . of New Jersey.. *26
Other branches---------------------- 138 Goshen A Deckertown________ *12
Stock all (a) or nearly all (b) owned. Rochester A Genessee V alley.. *18
aChlcago A Erie R R ----------------*250 Other lines___________________
44
aJefferson R R ________________ *45
Leased to Nvpano R R .—
N. Y . A Greenwood Lake R R .. *52 Cleve. A Mahoning Valley R R . *81
bNew Jersey A New York R R . *38 Sharon Railway_______________ *32
Erie A Wyoming Valley R R —
59 Other lines___________________
54
aNypano Railroad _____________ *422 Trackage_____________________ 278
bTloga Railroad______________
58
Other lines___________________ 159 Lines In system June 30 1912..2,444
• See this company.
N. Y. Susquehanna A Western. *236
Amount
Outstanding
Par
Value
1,000,000
35.000.
35.885.000
34.000.
10.000.
11.015.000
12.500.000
4.550.000
10,000,000
360.000
hose Compa
orlty (b) of
200.000
246.500
170.500
300.000
2.800.000
7.500.000
1,471,600
400.000
629.500
1.100.000
3,396,000
8.000,000
Valley RR
ach compan
4
7
7
7
5
5
5
6
g
g
g
g
g
g
g
5g
000 4 g
[ V o l . XCVI.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J
A J July 1 1931
M A S Sept 1 1920
M A S Sept 1 1920
J
A D June 1 1916
J
A J July 1 1918
J
A J Jan 1 1929
M A N May 1 1982
J
A J July 1 1918
J P Morgan & Co, N Y
lo
do
do
do
J P Morgan A Co, N Y
do
do
do
do
do
do
do
do
J A J July 1 1918
J A J Jan 1 1996
J A J Jan 1 1996
F A A Feb 1 1951
A A O Apr 1 1953
A A O Apr 1 1953
A A O 8 Apr 8 1914
A A O Oct 1 1914
A A O Apr 1 1915
June 1 ’ 14-’ 17
50 Church St, New York
New York and London
50 Church St, New York
do
do
do
do
do
do
do
do
do
do
000 4 g
000 4 g
4g
6 g
5g
5g
5
nles.
Capital S took, or by (c) Lease
50 Church St, New York
5
A A O Apr 11921
Various 1928-1929
6
50 Church St, New York
Various 1926-1927
5
4H & 6i J A J July 1 1927-29 Fidelity Trust Co, Phlla
50 Chifrch St, New York
A O Apr 11919
5g
A O Oct 1 1935
J P Morgan A Co, N Y
6 g
do
do
5 g M A N May 1 1946
do
do
M A N May 1 1940
5
do
do
A J. Jan 1 1933
5
do
do
A N May 1 1922
6 cur
do
do
5g
A J July 1 1943
do
do
Mch 11935
4H g M A
and Shar on Ry
y
500,000
M A N
May 1 1936
HISTORY.— On Deo. 1 1895 succeeded, per plan In V. 61, p. 368, the
N. Y. Lake Erie A Western R R . Co., sold In foreclosure under Its second con
solidated mtge. The company holds In fee or through ownership of all or
practically all the stock of the subsidiary companies the line from New
York to Chicago (Including the Nypano R R . and Chic. A Eric companies).
COAL AND STEAMBOAT PR OPERTY.— 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 and coke tonnage In
the year 1911-12 aggregated 17,680,518 out of the 36,961,680 tons hauled.
The Union Steamboat Line (merged In Erie R R . Co. June 30 1890) has ter
minal, Ac., 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.— Prior and general lien bonds of 1895 have 10 votes for each
$1,000 of principal, their authorized Issues aggregating $175,000,000, of
which $84,724,000 Issued to July 1912. Provisions of preferred stock were
In "Supplement” of April 1897, page 3. V. 66, p. 335. 573.
DIVIDENDS (cash) %1 ’01. ’02.
’03. ’04.
’05.
'06. 1907. '08 to
On first preferred......... I K 3 3H 4 4
4
Apr., 2
0
On second preferred...) . .
.. . . . .
2
4
Apr., 2
0
BONDS.— The new first consolidated mtge. Is for $175,000,000 (Farmers’
Trust Co-> trustee)— see abstract of deed, V. 62. p. 89, and secures
$35,000,000 prior lien and $140,000,000 general lien bonds. Both series
have voting power; see “ Stock” above: also issue of Feb. 1912.
Of the $140,000,000 general lien bonds, $92,668,000 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 $17,000,000 were
reserved for new construction, betterments, additions. Ac., after 1897—
not over $1,000,000 to be used In any one year. In July 1912 $35,885,000
general lien bonds were In hands of public, $13,839,000 additional being
deposited under collateral trust netes—see below.
The collateral trust 4s of 1901 are secured by 51% of the entire N. Y
Susq. A Western stock ($26,000,000 total issue), all of the Pennsylvania
Coal Co. stock, and the stock of the Eric A Wyoming Valley R R ., Scranton,
Pa., to Lackawaxen, 65 miles, and Delaware Valley A Kingston R R . A
sink. fd. of 10c. per ton of coal mined purchases bonds at not exceeding 105;
otherwise to bo applied to the drawing of bonds by lot, being thus expected,
with interest on bonds paid, to retire the whole Issue at or beforo maturity.
X- 72- P- 44, and circular, p. 136, 532, 257; V. 79. p.
212; $4,525,000, included as outstanding, aro In sinking fund.
Tne conv. 4s of 1903 ($50,000,000 authorized 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 $41 % per
share; they will cover all the company’s property subject to underlying Hens.
The first $10,000,000 (series A) Issued for Improvements and equipment Is
convertible on basis of $100 bonds for $200 stock to April 1 1915.
Series B bonds for $12,000,000 are convertible Into common stock at
$60 per share at any time since Oct. 1 1907 and before Oct. 1 1917. V. 76.
p. 382, 541: V. 78, p. 768; V. 79. p. 2205: V. 84. p. 270.
The Erie A Jersey R R ., with $600,000 auth. stock, completed In Jan. 1909
a low-grade cut-olT from Highland Mills via Campbell Hall to Guymard,
N. Y ., about 40 miles. In Oct. 1911 $4,550,000 3-year 5% notes were sold,
secured by $4,000,000 E. A J. bonds (auth. Issue $10,000,000 1st 50-ycar 4s)
and $3,000,000 Geneseo River 1st M . 4s. In Juno 1907 the Geneseo River
RR. was authorized to make $6,000,000 mtge. covering road from Hunts
to Cuba, N. Y ., 32.9 miles, completed Oct. 1910. V. 84, p. 1366, 1488;
V. 81, p. 777.
The $12,500,000 6% coll, notes of 1911 are secured by $12,839,000 Erie
“ general Hen” bonds (additional to the amount shown above as outstanding);
$985,000 Erie convertible bonds, ser. “ 13,” 5336,000 Erie R R . Pennsylvania
collateral bonds, $217,000 Chic. A West Ind. consol. 4s, $95,000 Mutual
Terminal Co. of Buffalo 4% notes, $6,306,000 N. Y. Susq. A West. pref.
stock, $163,100 Lehigh A Hudson RIv. Ry. stock and $145,700 Temple Iron
Co. stock. V. 92, p. 594.
The $10,000,000 3-year 5% collateral notes dated April 1 1912 are se
cured by deposit of $10,000,000 convertible 4% bonds, series C, due April 1
1953, $1,000,000 gen. lien 1st consols, $3,000,000 Erie A Jersey R R . 1st
50-year 4s and $2,000,000 Genesee River 1st 50-yr. 4s. The deposited se
curities can be released only on pavment to the trustee of the withdrawal
values, viz.: 70% for the gen. M. arid Genesee River 1st M. bonds, 80% for
the 1st consols and 75% for the Erie A Jersev 1st M. 4s, the proceeds to be
used to cancel notes. V. 94, p. 982, 630, 1056, 1118.
The $3,396,000 N. Y . Lake Erie A Western Docks & Improvement Co.
1st 6s were extended 30 years from maturity July 1 1913 at 5% ; they aro
redeemable at 102 on or beforo July 1 1918 and at 105 thereafter. V. 96.
p. 1422, 1772.
In Juno 1912 $450,000 5% serial notes were sold. V. 94, p. 1695.
Car Trust Series, Gold (Denomination $1,000 each). See V . 88, p. 882.
Date.
Interest.
Outstanding.
Mature in Installments.
" I I ’ .............1905 4 JAD $400,000 D e c ’ 13-June’ 15 $100,000 s.-a.
2,100,000 Dec ’ 13-Junc ’ 16
350,000 s.-a.
“ I ............. 1905 4 JAD
J” ............. 1006 4 MAN
349,000 Nov ’ 13-Nov. ’ 16
47,000 s.-a.
K , .............. 1907 4 ^ AAO
232,000 Aug. ’ 13-Fcb. ’ 17
29.000 s.-a
L '„ .............. 1907 5 JAJ
856,000
To July 1917
107,000 s.-a.
M ............. 1907 5 JAJ
234,000
To July 1917
29.000 s.-a.
N , .............1907 5 AAO 1,468.000 Oct.’ 13-Oct.’ 17
152.000 s.-a.
O ............. 1907 5 AAO
450.000
To Oct. 1917
50,000 s.-a.
„ 9 „ ...............1911 4H F AA
3,910,000
To Aug. 1921
230,000 s.-a.
............. 1912 4 H F A A
2,052,000
To Aug 1922
108,000 s.-a.
. S „ .............1912 4>$ J&D 1,900.000
T o Dec 1922
100,000 s.-a.
T ............. 1 9 1 3 ________
5,000,000
...................
...............
In Sept. 1912 $4,000,000 equipment trusts were authorized to provide
for probable requirements for the current fiscal year. V. 95, p. 818. In
M ay 1913 $5,000,000 new cquipt. trusts were authorized. V. 96, p. 1296
Interest paid; "J ” and " L ” In New York; Series " H ” at Girard Trust
Co., Philadelphia; Series " I ” at Penn. Co. for Insurances on Lives, Ao..
Phlla.; Series " K ” at National Bank of Commerce, New York; Series "M "
at Girard Trust Co.. Phlla.; Series "N " at First National Bank, New York;
Series “ O” at Central Trust Co., N. Y .; Series “ Q” at Fidelity Tr. Co., Phlla.
Long Dock 6s, seo March 1894 “ Supplement,” under N. ¥ .L . E. A W .
RAILW AY STOCKS AND BONDS
!
JUNE, 1913
50
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date.
Road Ronds
F itchburg— Preferred 5% rental.
Bonds not mortgage
c<
Bonds not mortgage ($1,359,665'due 1915)
o'
Bonds not mortgage (S2,750,000 are 4s of ’9 7 ). 'c& r
Bonds not mtge ($1,775,000 are 3 Hs of ’ 01)
c&r
Bonds not mortgage $2,000,000 ______
c *&r
Bonds not mortgage $3,660,000 currency___
c&r
Bonds not mortgage $ 2 ,4 0 0 ,0 0 0 ........................... c&r
Bonds $1,350,000 authorized cu rre n c y .............c*& r
■ Bonds $450,000 authorized____
T ro y & Boston first mortgage (V 53, p 405)"."."" c & r
Verm ont & Massachusetts plain bonds guar
c&r
Fitzgerald Ocilla & B roxton— 1st M $300,000 g red' 110
H 'n t & Pere Marquette— See Pere Marquette statem ’t
F on d a R y— First m ortgage $ 4.000,000..............
Florida Central— Mtge $200,000 gold (see t e x t ).
Third m ortgage................................. ................................
Florida Central & Peninsular— See Seaboard A ir Line
Florida East Coast— 1st M $12,000,000 g -.B a .x c '& r *
qeneral Income M 5 % non-cum $25,000,000.
Florida W est Shore— See Seaboard Air Line.
Fonda Johnstow n & Glovcrsville— Comm on s to c k ___
Pref stock 6% cum call at 105 $1,000,000 a u th ____
Consolidated m ortgage $500,000.................... .............c
First consol refunding mtge $700,000 g o ld ._ N .c
General refund mtge $1,500,000 (V 71, p 3 4 ).N ,o
Johnstown G & Kingsboro 1st mtge assum ed_____
Cayadutta Elec 1st M guar p & 1 b y F J & G gold . . N
First cons gen ref M $7,000,000 gold red 120 N.c*&r
Ft D Des M & So— lstM $3.500,000 g red 105(text)OB
t;, Refunding mtge $6,500,000 gold red par..............AB
R eceivers’ certificates_____ _________ _______________
Fort Smith & W estern— 1st M $7,500,000 gold ___c*
Fort Street Union Depot— 1st M gold ___________
Ce
Mortgage (part 1st and part 2d M) gold _______ Ce
Fort W ayne & Jackson— Preferred stock 514% rental
1887
1890
1894
’ 95-96
'97-98
’00-01
1907
1005
1908
___
1912
___
1913
35 1874
1903
30 1907
Par
Value
Amount
Outstanding
Rate
%
$100 $18,860,000
1,001
5,000,00(
1,000 &c
500,00(
1.00C
500,00(
1,001
1,859,00(
1,000 &o
4,200,000
1,000 &c
2,275,000
1,000 &c
2,000,00C
1,000 &c
3,660,000
1,000 &c
2,400,000
1,000 &c
1,200,000
1,000 &c
400,000
1.000.&C
573,000
1,000 &c
772,000
1.000
150,000
5
4
4
4 «
4
4
3>6
4
4
4M
4 Vi
4 54
T
3 V4
6 g
59
47
47
1909
1907
1910
100
10,000
1,000
629
1909
1909
1,000 &c
___
—
_____
—
100
100
100 &o
1,000
1,000
1,000
1,000
1,000
1.000
100 &c
26
26
26
4
14
75
163
163
—
___
___
___
98
1881
1897
1900
1893
1892
1902
1907
1907
1912
1904
1891
1895
1,000
1,000
1,000
100
F IN A N C E S .— During the year ending July 1 1909 maturing ermnnns
^ . o k o o o were purchased on behalf o ? the com pany by
J* P* Morgan & Co. In order to place the road In position to com plete needed
i?vPr° X S ^ , a? tladlUtl0Il3’ /T h ecou p on s s o p u r c h a s e d w S l g c d wIth
other collateral to secure about $14,000,000 of 6 % notes due April 8 1911.
These notes were paid at m aturity In 1911 and $12,500,000 new 6% notes
Thro ° f l n S » i %
Bonds a bove), without the cou pon s,as part collateral.
T he financial plan as originally contem plated In 1908 called for the creation
of a large car trust and the Issuance of $30,000,000 bonds to take up the firstnamed note Issue and to fund coupons maturing on the prior lien bonds and
general lien bonds during the five years ending June 30 1914. V . 89, p. 1086
y-n8£ ’v P - i ? 4 5 LV ’ 88’ P-,504, 853. 882, 1061. 1127. In O ct. 1911 sold $4.
not,es t0. retIre maturing obligations, and in A pril 1912 $10,
000.000 to com plete double-tracking between N. Y. and Chicago. See above.
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.
In July 1912 made a traffic agreement with the Balt. & Ohio, enabling
com pany to handle traffic between Baltimore and Chicago and giving an en
trance Into Southern territory. V . 95. p .2 3 6 .
E A R N IN G S .— 10 m o s.J 1912-13.Gross, $51,879,756; net, S13,040,888
July 1 to April 30. 11911-12-G ross, 47,177,726; net, 11,591,582
A N N U A L R E P O R T .— Fiscal year ends June 30. R ep ort for 1911-12
given at length in V 95, p 962, 975.
.... o
. .
1911-12.
1910-11.
1909-10.
Miles operated...........................................
2,258
2,265
2,227
Gross earnings..................................... ...$ 5 6 ,4 9 2 ,3 7 0 $56,649,908 $54,866,190
W orking expenses..................................... 42,508,253 40,245,301 39,065,572
Net earnings........................................ $13,984,117 $16,404,607 $15,800,618
Interest on securities.............................. 3,799,697
3,183,774
3,527,091
Rents, & c., received................................
945,742
757,288
806,929
Total net Income................................... $18,729,556 $20,345,669 $20,134,638
Interest on b on d s..................................... $8,670,766
9,749,801
9,714,161
Interest on collateral notes__________
1,033,125
747 039
793,988
Rentals o f leased lines....... ...................
2,251,799
998,868
980.646
Hire of equipment and Joint facilities 2,242,362
1,991,656
1,597,060
Interest on car trusts.............................
586,002
509,716
598,852
Penn. Coal Co. sink, fund and mlsc.
568,299
958 177
643,388
Additions and im provem ents..............
582,452
1,339 737
737,087
See text
200,000
300,000
*5
6
[ V O L . X C V I.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Q— J J u ly l ’ 13 1 \i% Office, Boston & M e.Bost
M & N Feb 1 1937
Office FltshburgR R .B ost
J
& D June 1 1920
do
do
M & N M ay 1 1914
do
do
Various 1915 and 1916
do
do
Various 1927-1928
do
do
A & O Oct 1 1920-21
do
do
A & O Apr 1 1927
do
do
M & N May 1 1925
do
do
M & N May 1 1928
do
do
J
& JJan 1 1932
do
do
J & J Jan 1 1933
do
do
J
& J July 1 1924
do
do
M & N M ay 11923
do
do
J
& J J u ly 119 3 7
Owned b y A tl B & C'stCo
J Ju ly 1 1959
N N o v 1 1912-15
O Apr 1 1940
11,000,000
4M g J
& DJune 11959
20,000.000 2JS% pd Nov 1 ’ 12 July 1 1959
In default
Safe Dep & Tr Co, Balto
do
do
Bankers Tr Co, 120 Bway
2,500,000 2 In 1912 Yearly Aug 1912 2% Checks mailed
500,000
Q— M Jne 15 T 3 1 14% ,
6
do
do
200,000
A & O
_ A pr 1 1921
Imp & Trad Nat Bk, N Y
500,000
4 14 g
& J J u ly 1 1947
New York Trust Co, N Y
800,000
4 g
& J July 1 1950
do
do
50,000
& J J u ly 1 1913
Metropolitan Tr Co, N Y
~
-1 -1922
----350,000
6
& rv Oct
Farmers’ L & Tr Co, N Y
5,150,000
4 Vv g
&
N ov 1 1952
New York Trust Co, N Y
3,000,000
5 g
&
Jan 1 1932
July ’08 coup last paid
2,773,000
&
5 g
Apr 1 1937
In default
800,000
6
6,240.000
4 g
A pr 1 1954
Oct 1907 coup last paid
1.000,000
Jan 1 1941
4H g
Central Trust Co, N Y
312,000
July 1 1915
do
do
2.291,416
514
Sep 3 1912 2 H Farmers’ L & Tr Co, N Y
having been extended from 1911). Safe Deposit & Trust C o., B alt., trustee.
In A R!'11 I 9 1 0 m ade 3d M. for $300,000. V . 90. p. 1170. Loans and bills
e J une 30 A9\2, $74,713. V. 85, p. 1339. For year ending June 30
4 , gross’ $50,913: net, $13,344: Interest, taxes, &o., $ 4 5 056- deficit
$30,712. Pres., J. L. Phillips.— (V . 90, p . il7 0 ; V . 95, p . liO )
deUCU’
a FL 0 R 1 DA E A S T C O A S T R Y . — Owns from Jacksonville, Fla , via St
AuiPistlne to K ey W est, 522 m . (including the extension from K night’s Key
t n t n i r l o Cm ’ 4o m ., com pleted Jan. 1912; branches, 114 m .; traokago, 6 m.nnw iltlm m Vn?m? 1 ?hetcd f ° ^ atn
1895 and has since been In successful
o n ' +Fmumi the only connection to Southern and Eastern Florida
Air 1 Mnr
Tn w
f<?n f9 e A HanHc Coast Line, Southern R y. and Seaboard
m w n 'l^ w ru rH n rh p i 1 9 1 1 contracts had been let for extensions from M ayY11,t1 iCr’ 1 IS,” and Lake Okeechobee, with a branch to Ft Bassinat cost*of S ? 6 0 0 1fini?iremnr'otal, of,,VY
t0 be com pleted w ithin 3 years
opened April m 2
V. 9 1 p . l 0 2 9
U aytow n t 0 Chuluota- 20 m „ was
ST O C K .— $5,000,000, all sold at par. Controlled by H enry M. Flagler.
J im ? 1M9 and*7~()Offrmn tn \ a v o a (* 1 2 -000.000 auth.. $10,000,000 sold In
1 'J ancf v l ,000,000 in 1912 are a first Hen on 615 lA miles at $16 246 a
V n i 1 nCl'i
p ,:wc nst n ,c,?sh reported as $59,774 per mile. V. 881 p.1620*
D u e V 'M F
l
a
*20. 000, 000 2d M. Inc. bds. & $5,000,600 Stk.
iju e u . jvi. flag ler for advances Juno 30 1912. .85.175 0 0 2
2 > ? % .‘ ° v ! n9 3 np S730! i% ,p a i d N o v ’
1
1910' N o v -
1 9 1 i>
4 % ; N o v . 1912.
E 4 B,NI N G S .—-10 m o s.,(1 9 1 2 -1 3 ..G ross, $4,293,491; net, $1,331,102
July 1 to April 30. (1911 - 1 2 ..Gross, 3,637,068; net, 1,103,674
r R
E
o)TLolrCp0rt.
ending June 30 1912 (V . 95. p . 1468) showed:
Gross, $4,426,935; net, $1,309,854; int., taxes, rentals, & c., $805,466; Int.
on incom e bonds, $500,000 (214 % ) , lesslnt. on deposits ($46,832), $453,168;
bal.. sur
$51,220. In 1910-11, gross, $4,181,278; net, $ 1*577,568.
Pres, and G en. M g r., J. R . P arrott.— (V . 95, p . 1122, 1468.)
FONDA
JOHNSTOW N
& G L O V E R S V I L L E R R . — Owns Fonda to
Northvllle (steam ), 25.47 m .; Glovcrsville to Schenectady (electrlo), 32.26
Gloversyllle to Fonda (electric), 8.70 m .; Belt lino In Amsterdam
(electric), 3.48 m .; Hagaman line (electric), 2.29 m .; second track (electrlo),
^ 2 ■J 1 m • D Perat es u ncier 1e m c b ra.nc h line Broadalbln Jet. to Broadalbln,
a V i i (stf a+m )! a H0 tocalltno Glovcrsville to Johnstown (electric), 4.0«S m .:
sidings and turnouts, 12.52 m .; trackage, 1.99 m .; total, 100.78 miles of
iqafi7 .1
tra5k2,’
wblcb 101.43 on private right of way and
19.67 miles on streets and highways. The Little Falls & Johnstown R R .,
Toim^mvna 9 8 d ?qiYareStSi’Y 3 KUnd!n?, an olSc t r l° ro a d fro m L ittle Falls to
Balance, surplus.................................. $2.794>751 $4,050,675 $5,069,456
O F F IC E R S .— Pres., F. D . U nderwood: V .-P . and Gen. Solicitor G F
Brownell; V .-P ., G. A . Richardson; V .-P . and Sec., David BosnianT reas., D. W . Bigoney; C om p., C. P. Crawford. 50 Church S t., N. Y .
’ 8 mUc 3 . V I ) n l i i n . , 3b ra n c 1 frora S t ’ JoH nsvlllo to C a n ajoh arle,
Own 3 entire $105,000 stock of Coal Co. o f Fulton Co. and stock of Edison
D IR E C T O R S .— Chas. Steele, J. J. Goodwin, John G. McCullough
Also a tw o.
Ogden Mills, F. D. U nderwood, G. A Richardson, Francis Lynde Stetson! Electric Light & Power Co. (V . 71, p. 1167). V . 78. D. 29
thirds Interest In stock and bonds of Adirondack Lakes Traction Co., 4 miles
Geo- F , Baker. Norman B. Ream , Charles A . Peabody, E. H . Gary Geo
W . Perkins, R . S. L ovett, L . F . Loree, W m . P. H am ilton.— (V. 96, p. 1772.)
19?2IV2I% E N D S ' ~ ° n C° m ” 2%> JUly 20 19101 JlUy 10 1911’ 2 % : A u g - 1
E V A N S V I L L E & T E R R E H A U T E R R . — See Chicago & Eastern Illinois
F E R N WOOD & G U L F R R — See page 138.
'
'Con®?1- 4 Hs, $7,000,000 auth.; $1,850,000 Is reserved to retlre
prlor liens. V . 76, p. 265. In Mch. 1911 $463,000 consols wero sold
F I T C H B U R G R R . — System extends from B oston, Mass., to T roy and
for Improvements, making $5,150,000 outstanding. V . 92. p. 261, 725
R otterdam , N . Y ., 251 miles; branches to W orcester, Bellows Fails* &o
2°7 m ;4 5 8 m. In all, of which 59 m . (Fitchburg to Greenfield) leased from 9o6. Guarantees $30,000 Gloversvllle & Broadalbln 5s and $50,000 Johns
town G lov. & K . Horse R R . 6 s and $50,000 8 % stock.
Mass- and 5 m. other cos.; second track 199 m. V . 84 n 1366
L E A S E .— Leased for 99 years from July 1 1900 to Boston & Maine for 5%
E A R N IN G S .— 10 m o s .,(1912-13...........G ross, $819,199; not, $404,002
on pref. and 1 % on com . stock , organization expenses. Int. on bonds, taxes
July 1 to A prd 30. \1911-12..........Gross, 772,311; not, 389,817
maintenance, &c. Boston & Maine holds $5,551,400 of the
=i,^.SI?0 S T -_ ' R.e^ rtiJ ’j?r Vear ending June 30 1912 In V . 95. p. 614
* 7 ’.y,y0;Q00 com m on stock, the remainder being In the treasury. V 70
*£ 8 2 ’ 1,§8: net, $473,729; other Income, $32,312; charges!
P. 76. 125, 176, 583 1291; V . 71. p. 29, 543; V . 72. p. 532.
’
BO N D S, &c.— Debefitures, see V. 60. p. 967: V . 84, p. 158. 270. The $ 104,3S0; pref. dlv. (6 % ) , $30,000: com m on dlv. ( 2 % ), $50 0 0 0 - bal
stockholders on Sept. 27 1911 authorized $1,350,000 bonds to retire the surplus. $21.661.— (V . 93, p. 730, 793; V . 95. p. 110, 54-L 6140
J *■GO,000 boncls due Dec. 1 and to provide for additions and Improvements.
f l . m ^ ^ O - y e a r f H r , bonds being sold In Deo. 1911. V . 93, p. 730, roaFd ° R L Dn p ?x rY .P ESr MOt N^ S ^ S? UTH,r RN R R -~ O w n s or controls
Yh 9 ’ll1 V to
Dodge and extensions to Rockwell City
1461, 1725, 1786; V . 94. p. 6 8 . The stockholders on Sept. 25 1912 aueJ,'ntRY ,w*tb 7-m lle branch to Ames and local lines In Fort Dodge and
l ®9ulpped for steam service, and the main line between Des Moines
V 9 6 °p 3 3 5 9 — ^
( V °96ISpOr202P3°''9C)nentS’ S l 0 0 ’ 0 0 0 bcing sold Jan. 1913.
™ J r f I 2 od(!e' wlth branch to Ames, a total o f 160 miles; also with electrlo
r’Y ITRGEiFAER .P <^ L L A & BROXTON RR. — Owns Broxton to Ocilla, power for passenger service. V . 85, p. 98, 1209; V. 87 d 1 4 9 0 - v 8 8 .D.1 0 1 .
25
o ! w>th branch to Fitzgerald, 5 m .; leases Ocilla to Irwlnvllle, ?9rp n9n6i
Prcplllent D om er Lorlng and Parley Sheldon of Am es, la .,
*
B f.R b tv?'
P* 1°°1- Stock, $300,000, all outstanding, par $100, of were appointed receivers. V. 90. p. 1554.
™ n » 5 T f 0JirthA
3:, toget£,er 'v,tb all the $150,000 outstanding bonds, fr> Dn D ec. 6 1912 receivers wero ordered to abandon part o f road from N owKSh
the Atlanta Birmingham & Coast Co. V . 89, p. 41. Oper
vD oVM o l?oS. Ju? ctY n - 3 0 miles. If not sold within 90 days. V. 95.
ate 11 R.& £tlanta Birmingham & Atlantic R R . since Jan. 1 1912
^
j b?i
R'JfnV >nIn ? ct; 1911 $720,000 receiver’s certs, were author8 5 P°'P ??; curY ’J “ ued M ch . 20 1911 and provide $220,000 for
;^,H„a fli ri0 t?cttv<r.com.n\!tt<Le for securities of Atlanta Blrm. & Atlantio
R R ; ^ une1treclr d cP°,s!ts d both stock and bonds. V. 8 8 . d . 1196
In AfVl>iry,c.en! ? n no nc Ui(n o ? 3120,000 for the extension from A nkeny to Des
Atkinson was appointed receiver. V . 92. p. 725. Current
1922. In July 1912 $800,000 receiver’s certfs. wero
liabilities Juno 30 1912, 891,943; receiver’s certfs., $15,401.
authorized to take up the outstanding $720,000 and for im provem ents.
f nding June 30 1912, gross, $20,203; oper. d ef., .$105; other incom of l ’887; int taxes & c., S11.028; bal., d ef., $9,245. V . 85, p . 468. Pres , 2 0 0 boxP cars fo r I l S s f o o b . ^ V . ^ l . p ? ^ ! ? Wer° authorlzcd t0 purchasQ
II. M . Atkinson; Treas., H . M . M ilam .— (V . 89, p . 41; V . 92, p ;7 2 5 .)
nnn AMmK ,T iCwinnar! stock auth. and outstanding, $ 2 ,0 0 0 ,0 0 0 ; pref., 5 %
n on -cum ., $ 1^200,000, all Issued. The bonds cover 3,218 acres coal lands.
a
RKY ’.7T^en,jri ? Llve Oak, F la., 52 miles; with branches. 7 m
P- M 2 9 - Coupons are In default. Year 1909-10, gross
Authorized to build from Tallahassee to Fernandlna and Jacksonville 224
miles. Extensions were under construction In Jan. 1911 from Llve'Oalc $41,512.—
! t l 8M i i - ( (V
V . 95, p . 1607;1(Y6^
t- taxC3$155,161; bal , d e f”
V . 96,: pln
. 202.)
to Jacksonville and Fernandlna, 104 miles, but In A ug. 1911 construction
w m ^ c o n t in u e d .
V . 93, p. 1786. Stock authorized, $4,000,000- par
>
•
1
Y
'
’
ESTE
R
N
R R . — Operates Fort Smith, A rk ., to Guth*100- , f B o5 d,*
auth. Issue) are subject to call at 106 on any Int’
^ 1^ ’ * °Y w , ctl Coal Creek, I. T ., to Guthrie, 196 m. Is
K o r v ^ n n ^ 1 v m o’ to w
bo ,ssuecl at $20,000 per mile. V. 89, p.
Is Kansas City Southern track1596; V . 90, p. 1362. T he coupons duo Jan. 1913 wero not paid. See a m to bedrrali>nfS h i 1° Coa c f eek- 2 0
at
McCurta?n
I
T b y in mpany 3 °'yn road. Coal properties are developed
V . 96, p. 1629. I'or year ending Juno 30 1912 (58 m iles), gross $48 3V?west of Fort Smith, producing an average of
gP- d ef., $7,322; other Incom e, $220; Int. and taxes, $6,726: bal., d ef., $ 1 3 . Q n n n n t n m L m J n l .,4 0 ra° wns 51% of the capital stock of the St. Louis El
828. Pres, and T reas., Frank D rew , Livo Oak, Fla.— (V . 96, p . 1629.’)
RCt„ m
Guthrie to El R eno. O. T ., 42 m „ oper. Independently,
FLORIDA CENTRAL RR.— Owns Thom asvllle, G a., south through i n ' u i P i P sf®tirlty holders were privately asked to deposit their holdtimber lands to Fanlew, Fla., 47 miles; com pleted 1908. Controlled bv Colgate I l n v f w H a com rnlttcc consisting of W . L. Brown, A . W . Mellon.
Tames H1 H
o
)
7
^
G -T,M? t hcr’ J - J - Sullivan, Geo. S. Russell,
*p? ,n B o'
J une 1912 R . A . McCranle was appointed receiver
l n ^ & T V n s?rY SAfHr i T ? es’ .C’.P ’ Dolton and A . C. Dustin (Superior Sav( y ■ 9 6 ’ p - 119-1 S tock, $50,000; par, $100. Bonds of 1907 m ature
♦ GI(5\eland, the mtge. trustee, depository), with power
$40,000 yearly In 1912 to 1914 and $80,000 In 1915 (the last-named amount
to sell or exchange the same, A c. V. 91, p. 1446; V. 92, p. 527
Miles Date
Road Bonds
R A IL R O A D C O M P A N IE S
[Far abbreviations, & c., see notes on first page]
Amount
Par
Value Outstanding
Rate
%
When
Payable
$100 $2,539,992 4 In 1913 Yearly
Ft W orth & Denver City— Pref stock "stam p certfs” 4s
8.176.000
6 g
J A D
1,000
454 1881
First m tge gold $35,000 per m il e ..............Ba.o*
J
5
78,000
A D
1900
Equip trust otts guar due $30,000 s-a redeem 1 0 1 ..
A A O
5
152.000
1,000
do
d o Series B due $19,000 s-a redeem 101Q
1907
661.000
5 g
M A N
1,000
Qainesville Midland— First M $1,000,000 g red at 110
74 1905
F A A
6 g
4.728.000
1,000
250 •71-’80
Galveston Harrisb & San Antonio— 1st M g 1 gr cx t.o *
M A N
5 g
1,000 13,418.000
W estern Division 1st M (Mex A Pao ext) g o ld -----071 1881
6
9.022.000
J
A D
1,000
Galveston-Victoria DIv 1st M $10,000,000 a u t h .. .
51910
2,000.000
5 g
A A O
1,000
Galveston Houst & Hend of 1882— 1st M ,g,C exc*A r*
'5 0 1913
1.006.000
6
M A s
1,000
Galveston Terminal— 1st M $5,000,000 auth gu (text)
1908
489.1 00
6 g
J
A J
1,000
1882
Galveston W harf Co— 1st (r e) M gold s £--------------c*
1.363.000
5 g
A A o
1,000
First series (wharf & railroad) gold 5s sink £ u n d ..o*
189,0
£907,000
5 g
F A A
1,000
Second series (wharf & railroad) gold 5s s £------ c*
1901
5 g
500.000
A A o
1,000
Genesee & W yom ing RR — 1st M gold $ 5 0 0 ,0 0 0 ...C K
16 1899
iQ— J
2.325.000
3 «
Oeneva Corning & Sou— Common stock guar...........
iQ— J
5.000.
0004
Preferred stock, guaranteed......................................
6
3.500.000
J
A D
1,000
Pine Creek 1st M gu prln and Int endorsed................ r
75 1885
4 g
M A N
1909 1,000 &c See text
First A refund M ($10,000,000 a u th )____ F .x o’ Ar*
R
y
.
Air
Line
aboard
See
Se
Georgia & Alabama— Georgia Carolina & Northern—
157.000
M A S
1,000
85 1908
Georgia Coast & Piedm ont— First M g $ 1.0 00 ,0 0 0 .-G
5
250.000
1912
Incom e debentures___________________ _____________
1.983.000
5 g
A A o
100 Ac
1912
New m tge $3,500,000 auth gold red 105................ CK
5.250.000
100
Georgia & Fla— Comm on stock $15,000 per m ile____
3.500.000
100
Pref stock non-cum partlo. $10,000 per m ile............
5g
A A o
1,000
212.000
1905
53
Mlllen & South 1st M ......... ........ ............................ -C K
M A N
500 Ac
5.595.000 _ 5 g
284 1907
Georgia A Florida m tge $12,000,000 g old — BBac*
See
500 Ac
2.000.
000 text F A A
1912
Gen M g (cum Inc for 10 yrs) red p a r .......... FBa.c*
6
■J A J
1,000
175.000
1910
Georgia & Florida Term M $200,000 guaranteed-----5 g
J
A J
1,000
2.113.000
1904
T ext
Georgia Florida & Alabama— First mtge gold .B a .o
3 g
A A O
1,000
1.650.000
98 1896
Georgia Midland R y— First M gold $1,050,000 lnt guar
Georgia Pacific— See Southern R y
100
4.200.000 12 In ’ 12 _ Q— J
307
Georgia Railroad & Banking Co— S tock .................. .
5
1,000
1,000,000
J A
1897
Bonds refunding not mortgage currency------------A J
1,000
500.000 5 A 6 J
’82-’87
Bonds n ot m ortgage ($ 2 0 0 , 0 0 0 are 5s) . . . . . . . .
A J
4
J
1.000,000
1,000
1907
Bonds not mortgage currency (V 87, p 220, 285). . c
Stock, $5,000,000, all outstanding; par $100. Of the 4s of 1904 ($7,500,
000 auth.), $5,833,000 were Issued In exchange for $5,000,000 old 5s,
$400,000 arc reserved to replace the 20 miles of trackage mentioned above,
$400,000 for equipm ent, and the balance for other purposes; Superior Sav.
& Trust C o., trustee. Equipm ent trust notes outstanding Juno 30 1912,
$363,067; current liabilities, $1,996,960. V . 77, p . 88.
E A R N IN G S .— 10 m o s.,f 1912-13........... Gross, $650,819; net, $123,645
July 1 to April 30. 11911-12----------Gross, 698,261; net, 196.469
For year ending June 30 1912, gross, $768,789; net, $181,209; other In
com e. $71,102; int., taxes, & c., $357,475; bal., d ef., $105,164. In 1910-11,
gross, $804,760; net, $192,664. Pres., A . C . Dustin, Cleveland, O .—
(V . 93. p. 1786.)
FORT STREET U N I O N DEPOT.— Owns passenger station with aproaches, 1.4 miles, connecting with the Detroit Union R R . Depot A Staon Co. Leased for 999 years from Dec. 10 1889 to the W abash, Pore Marauette and Canadian Pacific for rental equal to 5 % of total cost of work and
current expenses. Incorp. In Mich. A ug. 24 1889. Stock, $1,000,000. of
which Perc Marq. owns $515,800; par, $100. Pres., W m . Cotter, D etroit.
F O R T W A Y N E & J A C K S O N R R . — Owns Jackson, M ich., to Fort W ayne
In d ., 98 miles. On A ug. 24 1882 leased perpetually to Lake Shore & M ichi
gan Southern at a rental of $126,027, equal to 5
on the pref. stook (see
V. 50, p. 812) and after 1887 any net earnings over 8 % on pref. stock to be
paid on oom .. but not exceeding 2 % a year. Com. stock, $436,132.
F O R T W O R T H & D E N V E R C I T Y R Y . — {See Map Col. So.)—F t. W orth,
T e x., to Texllne, 454 miles. Owns securities of Ft. W . A Den. Term . R y .
STOC K, A o.— Colorado & South. R y . June 30 1912 owned all but $23,540
of the $6,835,008 com . Issued and stamped stook. V . 63, p. 1063, 75.
Paym ents under stamped stock agreement of Oot. 12 1895: 2 % In ’98;
'99. 2 % ; 1902, 4 % ; Apr. 1903. 1904. 1906 to 1913, 4 % each.
B O N D S.— Abstract of m ortgage, V. 45, p. 440. Certfs. o f Indebtedness
owned b y Colo. Sou. June 30 1912, $299,917. Equipm ent trust, V . 82,
p. 1101: V . 84, p. 508. "P ullm an” equip, leases Juno 30 1912, $303,005.
The Fort W orth & Denver Terminal R y. authorized an Issue of $2,500,000
30-year 6 % bonds dated Dec. 1 1907 (Bankers Trust C o., N. Y ., trustee),
•ubleot to call at 105, of whloh $728,000 have been Issued, $300,000 sold and
$428,000 held b y Ft. W . A D. C. R y . V . 86. p. 52, 1100, 1589; V . 87. p . 949.
E A R N IN G S .— 10 m o s.,f 1912-13------ Gross, $4,551,600; net, $1,437,705
July 1 to April 30.
11911-12____Gross, 4,126.986; net, 1,447,242
Pres., Geo. B . Harris.— (V . 82, p. 1156; V . 84. p. 50§.)
G A I N E S V I L L E M I D L A N D R Y . — Owns Gainesville, Ga., to A thens. 42
miles standard gauge, and Belm ont to M onroe, 32 miles, narrow gauge.
Organized July 5 1904. V . 79, p. 151, 269, 500, 627. S tock, 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 m ortgage trustee. V . 81, p . 1375, 1550. Year
ondlng June 30 1912, gross, $173^81: net, $36,612; lnt., taxes, A c., $52,
443; bal., d ef., $15,831. Pres., Geo. J. Baldwin.— (V . 91. p . 1574.)
8
O A L V E S T O N H A R R IS B U R G & S A N A N T O N IO
Pacific.)— Owns
RY.—(See MapSouthern
Galveston, via H ouston, T ex ., to east bank of R io Grande
River, 833 miles; Becvllle to Roscnburg, 147 miles; San A ntonio to P ort
Lavaca, 136 miles; Magers to W est Shore, Galveston B ay, 46 miles; P ort
Lavaca, Stockdalo to Cuero, 46 m .: branches, 174 m .; trackage, 3 m .; total,
1,338 m . Southern Pacino Co. owns $27,056,100 of the $27,084,372 stock
(par $100). A consolidation In 1905. V . 79. p . 2642; V . 80. p . 1424; V .
81, p . 211, 668, 1242; V . 83. p . 1528. Duo Southern Pacific Co. June 30
1912. $10,989,403.
.
„
BON DS.— The Galvcston-VIctoria DIv. 1st M. 6s ($10,000,000 auth.
Issue) cover the properties acquired In 1905 and the new line from Stockdalo
to Cuero, T e x ., 47 miles. Of the bonds $5,384,000 was Issued to retire
the old bonds. $3,038,000 was authorized to be Issued for lines built. Im
provements and equipm ent, and the remaining $978,000 Is reserved for
future purposes; $9,022,000 of the bonds have been Issued, and arc held b y
the Southern Pacific. V. 92, p. 1636; V . 94, p. 130; V . 96, p . 1772.
Western DIv. 2ds ($6,354,0001 by agreement are treated as incom e bonds:
V. 58. p. 719; V . 84, p. 803: V. 88, p. 1437, Equipm ent bonds. $1.558.000
6s, owned b y Southern Pacino. V. 76, p. i300: V . 77, p. 2160. The Sou.
Pao. Co. owns $1,110,000 out of a total of $0.3o4,000 M ex. A Pao. ext. 2 d M .
6s and $4,728,000 G. II. A S. A . East DIv. 1st 6s (ex t.), due A ug. 1 1935.
E A R N IN G S .— 10 m os.,1 1 9 1 2 - 1 3 ,-G ro ss , $10,236,649; not, $2,275,016
July 1 to April 30. 119 1 1 -12 ..Gross, 9,026,452; net, 2,041,563
For year ending June 30 1012: Gross, $10,93o,005; net, incl. other Inc.,
$2,520,850; charges, $3,082,005; bal., d ef., $561.155.— (V . 96, p. 1772.)
GALVESTON
HOUSTON
&
HENDERSON
RR.
OF
188 2.— O w n s from
Galveston, T e x ., to H ouston, T ex ., 50 miles. Sco V . 61, p. 1013.)
O R G A N IZ A T IO N .— The M. K. A T . ami International A Great Northern
have had trackage rights since Dec. 1895 under a contract providing for pay
ment to m tge. 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. D ivs., May 1904 to 1906, 4%
yearly: since to Jan 1 1912, none. M. K . A T . owns 4.999 shares of stock.
Stock, $1,000,000; par, $100. T he $2,000,000 old 5s wero purchased at
m aturity April 1 1913 b y the Central Trust C o. for special account, com
plete arrangements for Issuing new 20-year 5 % bonds o f a $5,000,000 lssuo
not having been perfected. V . 96, p. 947, 652. I«or year ending D ec. 31
1911, gross, $469,519; net, $160,723; other Income, $161,701; taxes, $39,099;
bond in t., $100,000; other charges, $50,195; bal., sur., $133,131. In 1910,
gross, $412,317; net, $153,079.— (V . 96, p. 652, 947.)
O A L V E S T O N T E R M I N A L R Y . — Owns extensive terminals at Galveston.
T e x ., used b y Trinity A Brazos Valley R y ., Colorado Southern and Chic.
R . I. A Pacific, which own practically all the stock. V . 87. p . 950. Owns
a large freight depot and warehouse and about 14 blocks along Galveston
water-front. In July 1912 about 24 miles of main line and sidings had been
com plotcd. Stock, $25,000. Of the 1st 6s ($5,000,000 auth. Issue),
$1,106,000, guar. Jointly b y the Ch. R . I. A P . and Col. A S o., were sold
In N ov. ’08. V . 80, p. 1100. 1589; V . 87. p. 1478. Pres.. J W . Robins,
H ouston, T ox .; V .-P ., John Scaly, and Sec. and Treas., E . R . Cheesbrough.
both o f Galveston, T ox.— (V . 86. p. 1100, 1589. V. 87, p. 936.)
......................
O A L V E S T O N W H A R F C O . — Sco page 1 3 8 .
51
RAILWAY STOCKS AND BONDS
J u n e , 19 13 .]
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Feb 20 1913 4 % Guaranty Trust Co, N Y
Office, 26 Liberty St, N Y
Deo 1 1921
Dec ’ 13-J’ ne 14 Commercial Tr Co, Phlla
O ct ’ 13-Apr ’ 17 Guaranty Trust Co, N Y
Savannah, Ga
N ov 1 1935
Owned b y Sou Pac Co
A ug 1 1935
So Pao Co 165 B ’ w ay.N Y
May 1 1931
do
do
June 1 1940
A pr 1 1913
N ew Y ork
Bankers Trust Co, N Y
Mch 1 1938
Nat City Bk, N Y , or Gal
July 1 1932
do
do
A pr 11940
do
do
A ug 1 1926
C olum b-KnickTrC o. N Y
A p r 1 1929
July 1 1913 % % Grand Central Sta, N Y
do
do
July 1 1913 1%
Deo 1 1932
do
do
do
do
M ay 1 1959
Mch 1 1946
Sept 1 1932
A p r 11962
F J Lism an A Co, N Y
Int only p ay when earn
do
do
Apr
N ov
Feb
July
July
Apr
H anover Nat B k, N Y
Col KnTr Co, N Y A Balt
Interest from Feb 1 1913
Fidelity Trust Co, Balt
Bankers’ Trust Co, N Y
J P Morgan A Co, N Y
1 1955
1 1956
1 1932
1 1930
1 1954
1 19 4 6
J u ly l5
Jan 1
Jan 1
Jan 1
1913 3 % Augusta, Ga
1922
Am E x Nat B k, or Aug
1922
do
do
1947
Am E xch Nat B k. N Y
GENESEE & WYOMING R R .— R etsof, N. Y ., to Pittsburgh A Lehigh
J ot.. 11 miles: R etsof Jet. to Grlegvllle, 4 m .; branch, 2 m .; total. 16 miles.
Stock, $500,000; par, $100. Divs. from O ct. 1899 to 1902. Incl., 5 % yearly:
1
lyu
9 0o,
3 ,8
o r%0;; j1904,
l'j u i , 8 % ; 1905
iyuo to A pr. 1910.
ivuu. avo
4 % yearly ts.-a.j:
(s.-a .): A ug. ih
1910.
iii . 1
l K%:
..................
N o v ., 1 M%\
.... .......
1911, 5 % . paid
...........Z
1 K % Q .-J.; 1912.
1912, 55%
% (Q
(Q.-F
.-F.);_1913,
.); 1913, Fj e b ..
\M%\ M a y , 1 X % . Y ear 1911-12, gross, $107,834: net, $49,752; cha
larges,
$33,359; divs. ■(5U% n
). H$25,000;
ef., HS8.607.
1910-11,
R H P bal.,
H i H dW
H H H In
H M
P g r og s s ,
$105,385; net, $57,082.
Pres., M . B . Fuller, Scranton, P a.; Sec. & Treas., W . H . Barnard,
2 R ector S t.. N . Y .— (V . 76, p. 1248.)
GENEVA CORNING & SOUTHERN.— Owns Geneva, N. Y ., to New
berry Jet., Pa., 166.94 miles; branch to Ulysses, P a., 39.85 miles; Antrim
branch, 16.65 m .; Penn Yan, N . Y ., to Dresden, 6.55 m .; Corning branch,
0.75 m .; Beech Creek connection, 0.95 m .; total, 231.69 m . A consoli
dation In Feb. 1909, V . 88, p. 1002. Stock, com m on, $2,325,000; pre
ferred, 4 % cumulative, $5,000,000: par, $100. Leased to New Y ork
Cent. A H ud. RIv. R R . 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 .V . 88, p .8 2 2 , 1061: V . 89, p. 286. The
N . Y . Cent. A H ud. R lv . R R . owns $1,820,800 of the $2,325,000 com m on
stock and the $5,000,000 first pref. stock. V . 90, p. 54. 167.
Pino Creek 6s are guaranteed b y Reading and N. Y . Central Jointly and
severally. See form of guaranty. V . 56. p. 650. The road Is m tged. to
secure an authorized Issue of $10,000,000 50-year 4 % bonds of the N . Y . C.
A H . R . R R . assumed b y the Geneva Corning A Southern, to be used to
retire outstanding Indebtedness and bonds for Improvements. V . 88, p.
1127, 1313; V. 89, p. 162.— (V. 89, p. 286; V . 90, p. 167.)
GEORGIA COAST & PIEDMONT R R .— Extends from Darien to Collins,
Ga., 85 miles; com pleted in July 1906. Extension from Darien to B run s
wick, 15 m ., to be com pleted July 1913; extension also proposed north
from Rcldsvlllc to Vldalla. Stock, $1,600,000.
■ O f the 5s o f 1912 ($3,500,000 authorized issue) a block has been sold
for extension from Darien south to Brunswick, 15 miles, begun July 1912:
bonds are reserved for extension from Reldsvllle to Vldalla on the north,
and for improvem ents, and to take up underlying bonds: limited to $12,000
against future extensions. V . 94, p . 1448, 1763. Year ending June 30
1912, gross, $81,630; net, $6,968; in t., taxes, & c., $48,285; bal., d ef.,
$41,317. In 1910-11. gross, $91,469; net. $20,594. Pres., F . J . Lisman.
— (V . 94. p . 1448, 1763.)
GEORGIA FLORIDA & A LABAM A R Y .— Owns Richland. Ga.. to
Tallahassee, Fla., 133 miles, Including 26 miles opened Sept. 1909: Talla
hassee to Carrabelle, on the Gulf of M exico, 51 miles; branch. Havana,
F la., to Quincy, 12 miles; total, 196 miles. A lso operates steamer line
from Carrabelle to Appalachlcola, Fla. S tock, $450,000; par, $100. In
June 1909 President Williams, It was reported, purchased the m inority
stock and practically all of the outstanding bonds. V . 88, p. 1437. Bonds,
see table above. Current liabilities, A c., June 30 1912, $222,337. In
1906 authorized 5 % non-cum . pref. stock, none Issued to July 1912.
For year ending June 30 1912, gross, $564,585; net, $83,362; other income
(d e b .), $4,749: int., taxes, A c.. $149,952; bal., d e f., $71,339. In 1910-11,
gross, $487,134; net, $89,123. Pres., J. P . Williams; Soc.-Treas., L . G .
P apy, Bainbrldge, G a.— (V . 88. p. 1437.)
• GEORGIA & FLO R ID A R Y .— Owns from M adison, Fla. (40 miles from
Gulf of M exico), to Keysvllle. Ga.. 224.6 miles; trackage, Keysvllle to Au
gusta, Ga., 25.9 m .; other trackage, 3.7 m .; branches, 98.0 m .; total
June 30 1911, 352.2 miles. Owns stock o f Georgia A Florida Term . C o.,
o f Augusta and Valdosta and guarantees its 1st 6s. A consolidation in A u g.
1907. V . 82, p. 1211; V . 85, p. 345; V . 87, p. 480, 936, 1533; V . 88, p. 681.
BON DS.— Bonds o f 1907 to be limited to $12,000,000 at $20,000 per
mile, o f which $6,312,000 have been issued, $5,600,000 being In hands of
public, $212,000 reserved to retire Mlllen A S . W . bonds and $500,000 In
treas. V . 85, p. 221, 530; V . 95. p. 1472. Car trusts N o v . 1912, $127,
000, duo m onthly to 1916.
The $2,000,000 6 % 20-year gen. M. bonds of 1912 have cum . lnt. depend
ent on Income for the first 10 years, payable either In cash or certificates of
debt bearing 5 % lnt., the latter being convertible Into 5% coupon bonds In
multiples of $300, the 6 % bonds and 5% scrip obligations being redeemable
at par and lnt. on any lnt. date. The proceeds (about $1,000,000) will be
used to retire floating debt Incurred In com pleting the property, redeem
equipment obligations and provide working capital. V . 94, p. 630, 826,
911, 1118. The bonds (underwritten) were offered to stockholders at 52.
R E F O R T .— For year ending June 30 1912, gross, $800,541; net, $72,598.
other incom e, $3,897; charges, $424,773; b a l., d e f., $348,277. R ep ort for
1910-11, in V . 94, p . 203. showed (332 average m iles): Gross, $704,936
not, $133,799. Pres., R . Lancaster W illiams; V .-P ., B ruce W . D uer;Sec.
and T reas., C . T . E arnest.— (V . 95, p . 1472; V . 96, p. 359, 419.)
GEORGIA M ID L A N D R Y .— Owns road from Columbus to M cD onough.
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 first m tge. bonds.
A c.) and $2,500 for Columbus terminal p roperty. Stock Is $1 000 000
owned by Southern Railway C o.— (V . 63, p. 361; V . 82, p . 751.) ■
GEORGIA R R . & BANKING CO.— Owns from A ugusta, Ga., to A tlanta,
Ga., 171 m .; branches to Washington and Athens, 58 m .; Macon A Augusta
R R . (proprietary road), Camak, Ga., to M acon. Ga., 74 m .; trackage. 4 m .;
total, 307 m. Owns 50% stock of W estern R y . of A la. (the Central o f Ga.
R y . owning the other half): also owned a 4 7% Interest in A tl. A W est Point,
b ut sold same In 1910-11 to the lessees at $135 per share, with the option of
purchase at same price on expiration of lease
Lease.— In 1881 road leased for 99 years to W . M. W adley et al for the
Cent, of Ga. and the Louisv. A N ashv.. at $600,000 per year, but In April
1899 the Louisv. A Nashv. was held to have acquired all rights under the
lease; A tlantic Coast Co. 1899 acgulred half Interest. V . 68, p. 722. Owns
m ajority ($594,900) stock "G a .R R .B a n k .”
D IV ID E N D S .—
1 ’82. 83-’87. '88. ’8 9 t o J a n .’ l l Since to J u ly ’ 13.
11 yearly.
3 quar.
Since 1 8 8 1 --......... oJ lO X 10 yrly.lO M
DIv. rate Increased In A pr. 1911 from 11 to 1 2 % . V . 92, p. 1795.
E A R N IN G S (307 m iles).— /1 9 1 2 -1 3 ..G ro ss, $2,633,160: net, $332,535
July 1 to April 30, 10 m on th s.U 91 1 -1 2-.G ross. 2,912,633; net, 759,014
52
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Georgia Southern & Florida— Common stock _________
First pref stock non-cum ulative redeem able. .
Second preferred non-cum ulative 51,084.000
First m ortgage gold $ 4,0 00 ,0 0 0 .......... ...... AlcBa.c*
1895
First consol m ortgage $10,000,000 g o ld ____N.c*&r
1902
E quipm ent trust Ser C due $25,000 seml-ann
Eq
1910
do
do
Ser D due $22 or $21 M s -a ____Ba
1912
G e o r g ia S o u t h w & G u lf— A lbany ft N or 1st M g c
1896
y G S W ft G u lf m tgo_____________________
1909
Uettysb& Harrisb— C on (n o« 1st) M $565,000V[seet'extj
1891
Gila Valley Globe & Northern— See Arizona Eastern R R
Goshen & D eckcrtown— 1st ft 2d M ($60,000 are 2ds)
12 ’8 8-’89
G o u v e rn e u r & O sw eg a tch ie— S eoN Y O & II It R R
Grand Rapids & Indiana R y— Stock $6,000,000_____
First M m ostly land grant gold extended in 1899.c*
1891
First M extended gold guaranteed b y Penn R R . c*
1891
Second m ortgage $5,000,000 g old ............................. c*
1896
1908
Grand Rapids & Northw— 1st M $5,000,000 g o ld .-G P
Grand Trunk Pac— First M £ guar Can G ovt (text)c& r
1905
• Prairie Section M (Ser A) £2,100,0001 guar p and 1
916 1905
^ M o u n ta in Sec M (Ser B) £ 2,0 50 ,0 0 0 ) b y Grand
839 1905
Lake Superior Dtv 1st M £1.550,000J
Trunk
188 1905
D eb stock $25,000,000 red a ft 1936. In t guar by
____
Grand Trunk R y . See text_____ _______________
Loan $10,000,000 secured b y m tge on Prairie section
1909
Loan $15,000,000 to be covered b y debentures____
1913
Grand T rk Pac B r Lines 1st M gu b y A lb t e x t -.c *
1909
do
do
1st M gu b y A lb £238,600________
58
do
do
guar b y Saskatchewan see te x t. _
1909
Grand Trk. Pac Sask 1st M or deb stk guar (see text)
Grand Trunk R y— Consolidated stock £ 23 .31 8 ,3 0 9 ___
1882
4 % guaranteed stock non-cum ulative £ 1 2 ,500,0001884
First preference 5 % stock £ 3,4 20 ,0 0 0 _____________
’73-’ 74
Second preference stock £ 2,5 30 ,0 0 0 ________________
’7 3-’ 74
Third preference 4 % stock £ 7,1 68 ,0 5 5 ____________ 3.512
Par
Value
$100
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
100
1,000
1,000
1,000
1.000
£100 &c
£100 &o
£100 &c
£100 &o
Rate
%
$2,000,000
684,000 5 In 1912
1,084,000 5 In 1912
3,838,000
5 g
2,000.000
4 g
350,000
4K g
425,000
4K g
400,000
5 g
155,000
5 g
465,000
5
246.500
6
When
Payable
M &
M ft
J ft
J &
M ft
F ft
J ft;
J &
A &
£100 &c
£100
£100 & c
£500,000
£238.600
£2,032,800
£100
£100
£100
£100
£100
£22,475.985
£12.215.554
£3,420,000
£2,530,000
£7,168,055
4
4
4
4
4
4
4
4 In 1912
5 for ’ 12
5 for ’ 12
2 H fo r’ 12
N
N
J
J
S
A
J
J
O
Last Dividend Places Where Interest and
and M aturity
Dividends are Payable
May 10 1913 2 M M T & D Co, Balt: & N Y
M aylO 1913 2 K
do
do
July 1 1945
do
do
July 1 1952
do
do
T o Mch 15 1920 Equitable Trust Co, N Y
T o A ug 1 1922 Bankers Trust O o, N Y
Jan 1 1946
H Talm & C o . N Y & Balt
Jan 1 1949
Central Trust C o, N Y
Oct 1 1926
Reading Term inal, Phlla
Various 1928-1929
5,791.700 See text A
920.000
3K g J
4,455,000
4 'K g J
4,750.000
4 g
A
59,000
F
5 g
£7,200,000 3 $ or £ J
£2.100,000
4
A
£2,050,000
4
A
£1.550,000
4
A
$100 £7,136.980
See text
R ailroad earnings for year ending June 30 1912, gross, $3,378,749: net,
$796,340: other Incom e, $112,320: rental to G a. R R . & B kg. C o ., $600,000:
Interest, rentals and taxes, $187,395; a d d ’ns and betterm ents, $57,195;
balance, surplus, $64,071.— (V . 92, p . 795: V . 95, p . 1039.)
GEORGIA SOUTHERN & FLO R ID A R Y .— [See M ap o f Southern R y.)
Owns from M acon, Ga., to Palatka, Fla,, 285 miles; on N ov. 1 1902 pur
chased A tl. V . & W . R y ., Valdosta, G a., to Jacksonville, Fla., 107 miles;
trackage Into Jacksonville, 3 m .; total, 395 m. V . 60, p .9 2 8 : V .7 9 ,p .5 5 1 .
Also owns one-cighth of stock o f Jacksonville Term . Co. V . 77, p. 626.
In 1903 the stock of the Hawklnsville ft Florida Southern R y ., W orth to
Hawklnsvllle, G a., 44 m ., was purchased, $325,000 flrst m tge. 5 % bonds
being guaranteed, prln. and Int. V . 79. p. 2585.
D IV ID E N D on
(1892. 1898. 1899. 1900-05. 1906. 1907-M ay’ 13
second preferred (% ) l 2
3
3
4 yearly 414
5 yearly
A fter 5 % on com m on, all stocks share equally.
B O N D S .— First m tge. of 1895 (A bstract, V . 61, p. 429) provides that the
$684,000 first pref. stock shall be a lien second only to the bonds and coupons.
The first con sol.4 s of 1902 are for the authorized amount of $10,000,000,
of which $4,684,000 arc Issuable to retire the $4,000,000 5s and $684,000 1st
pref. stock and $5,316,000 are reserved for future needs. V . 75, p. 980.
L A T E S T E A R N IN G S .— (1912-13____Gross, $2,174,825; net, $461,610
10 m os., July 1 to April 30-11911-12____Gross, 2,074,497;; net, 481,353
R E P O R T .— Fiscal year ends June 30. R eport for 1911-12, In V . 95, p
1470. showed: Gross, $2,447,529; oper. Incom e, $423,109; other incom e.
$86,695: Int. on bonds. & c., $334,814: d iv. on stock , $88,400. In 1910-11:
gross, $2,399,398. Pres., W . W . Finley, W ashington, D . C .; S ec., R . D .
Lankford, 30 Church S t., N . Y .— (V . 95, p. 1470, 1472.)
G E O R G IA S O U T H W E S T E R N & G U L F R R .— Projected to extend
from A lbany, G a ., southwest to St. A ndrews, F la ., on the G u lf o f M exico.
In F eb. 1910 acquired the A lbany & N orthern R y ., extending from A lbany
northeast to C ordele, 37 miles. V . 90, p. 109, 502. Stock auth., $4,000,
000. Issuable at $20,000 per m ile. In N o v . 1908 filed a $4,000,000 m tge.
to Carnegie T rust C o ., N . Y ., to secure 5 % bonds issuable at $20,000 per
m ile. Car trusts June 30 1912, $15,000. F or year 1911-12, gross (35 m .).
$122,052; net, after taxes, $38,370; in t., $28,328; hiro o f equip., $5,839;
b al., sur., $4,203. In 1910-11, gross, $107,100. Pres., W . M . Legg,
A lb a n y, G a .; S ec.-T reas., H . J. B ruton, B ainbrid ge.G a.— (V .9 0 ,p .5 0 2 .)
GETTYSBURG & H A RR ISB U R G R Y .— Carlisle to Gettysburg. P a., 31
m .; branch to Round T op , P a ., 3 m .; branch Pine Grove Furnace to Hun
ter’s R un, 8 m. (H unter’s R un ft Slate Belt R R ., which was taken over
O ct. 31 1910). The Reading Co. owns $553,950 of the $600,000 capital
stock; $535,000 deposited under Its gen. m tge. of 1896. The consol. 5s of
1891 (then $215,0001 were guaranteed by Phlla. & R ead ln g R R . (foreclosed):
$250,000 were issued to take up the 1st 5s duo O ct. 1 1912 (V . 95, p. 1039).
G O U V E R N E U R & O S W E G A T C H IE R R — S e o N . Y . C . & II. R . R R .
GRAND R A P ID S & IN DIANA R Y .— [See M aps o f Pennsylvania R R .)—
Owns from l*ort W ayne, In d ., to Mackinaw City, 366 m .; branches, 56 m .;
total ow ned. 430 miles; operates the following roads, but has not assumed
the old com p a n y’s leases thereof: Cln. R ichm ond ft Ft. W ayne R R ., 86 m •
Traverse City R R . (nearly all the stock and ail the Income bonds owned) ,’
26 m .; Muskegon Grand Rapids ft Indiana R R ., 37 m .; trackage, 7 m .;
Traverse City Leelanau ft Manlstlque R R ., Traverse City to Northport,’
M ich., 30 miles (incl. 6 m. trackage). See V. 74, p. 777- V. 76 p 811’
V . 82, p. 988, 1098. Successor 1896 o f Railroad, foreclosed (V . 63, p. 153). ’
H IS T O R Y .— Successor A u g. 1 1896 o f Railroad, foreclosed (V .6 3 , p .1 5 3 )’
S T O C K .— S tock, $6,000,000, of which Pennsylvania Interests are sup
posed to own all or nearly all. Penn. Co. on Jan. 1 1913 owned $2,965,900'
D I V ’S .— 1900, 1 % ; 1901, 2 % ; 1902 to April 1 910.3% (y ly ); none sin ce'
B O N D S.— The flrst m tge. bonds extended at 4 M % are endorsed with the
guaranty of the Penn. R R . Co. to purchase the coupons as they mature, and
the bond Itself at m aturity. See guaranty, V . 56, p. 649; V . 69, p. 1193.
Of the 2nds, $888,000 were owned Jan. 1 1913 b y Pennsylvania R R . and
$3,237,(XX) by the Penn. Company. E quip, trusts Dec. 31 1912, $195,019.
REPORT. .— Report for 1912 in V . 96, p. 1178. In 1912 carried 3,235,269
tons of freight, of which 35% was lumber, A c., and 24% coal and coke.
Year ending Dec. 31—
1912.
1911.
1910.
1909.
M iles o p e r a t e d ...................
423
432
433
433
Gross in com e............................$4,309,060 $4,003,664 $4,125,419 $3,918,371
N et over expenses and taxes.
675,464
680,515
549,134
782,516
Other incom e, $59,524; int. & other charges, &c . $542,015; additions
and betterm ents, $50,526; bal., sur., $142,447.— (V . 94, p. 1119, 1178.)
GRAND
TRUNK
P A C IF IC
R Y .— This new
trans-continental
railway across Canada has received the approval o f the Canadian Govern
m ent and will be carried through with the Joint financial support of the
Governm ent and the Grand Trunk R y . Co. of Canada. It will consist of a
main line of an estimated length of about 3,550 miles, from M oncton, New
Brunswick, to Prince Rupert, B . C., on Pacific Ocean, about 30 miles south
o f southern boundary o f Alaska, with branch 188 milos (expected to be in
full operation Sept. 1914 , viz.:
1. Leased Line, Now Being Built by Canadian Government—
M iles.
Eastern D lv., M oncton, N. B ., via Quebec to W innipeg, a b ou t____1,800
(T o be leased for 50 years to Grand Trunk Pacific R y . C o.— for
flrst 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, Built and Owned by Company—
a. Prairie Section, W innipeg to R ock y Mountains, a b ou t................
916
t>. Mountain Division, R ocky Mountains to Paclflc Ocean, a b ou t
839
3. Lake Superior Branch, Built and Owned by Company—
Thunder Bay on Lake Superior to East. Dlv., east of W innipeg____ 188
In June 1912 there had been built about 3,224 miles, viz.:
W innipeg to Tete Jaune Cache-1,0941 Fort William to W innipeg.........
450
Prince R upert to So. H azelton. 186jMain line, Eastern D ivision ___1,000
Branch lines, say_____________ 5 00 1
Contract has been let for 410 miles from Tete Jaune Cache to Alderm ere,
B . C., which places entire main line Western Division under con tract.
Amount
Outstanding
[ V o l . XCVI.
ft
ft
ft
ft
ft
ft
ft
ft
O
J
J
O
A
J
O
O
O
Apr 25 1910 I K
July 1 1941
July 1 1941
Oct 1 1936
Feb 1 1958
Jan 1 1962
Apr 1 1955
Apr 1 1955
A pr 1 1955
N Bk Or Co, Goshen, N Y
Office Grand R ap , Mich
W inslow.Lanlcr& Co.N Y
do
do
Philadelphia, Pa
Philadelphia & Chicago
Rank of M ont, Lon ft N Y
Co’s Office, L ondon , or
Bank of Montreal,
New York
M ft S Perpetual
9 N Broad S t,L ondon,E O
Seml-an 1919
July 1 1923
M <& N 1939
N Y , Montreal & L ondon
M & N Feb 15 1942
do
do
M & N 1939
do
do
30 years
None ever paid
Seml-an Apr 25 1913 2% Check from Co’s Office
Seml-an Apr 25 1913 2 K
do
do
Seml-an Apr 25 1913 2M
do
do
Y early Apr 25 1913 2 K
do
do
V .92, p. 956,1238: V . 9 6 ,p. 1038, 1296. W innipeg term inals. V . 8 9 ,p .6 6 6 .
O R G A N IZ A T IO N .— Incorp. by Canadian Parlalment In 1903. V. 80,
p. 996; V. 81, p. 1315. As to Grand Trunk Pacific Branch Lines C o., see
V. 90, p. 1044 (also bonds below); V. 82, p. 333: V. 8 6 , p. 1100; V . 8 8 ,
p. 295, 822, 1372, 1437. In O ct. 1911 about 1,400 miles of branches were
under constructin, o f which about 500 com pleted. V. 92, p. 881.
1238
V . 93, p . 1105. Has option on P ac. Great E ast. R y ., 450 m .; seo that co.
S T O C K .— A uthorized. $45,000,000 (par of shares, $100 each), of whloh
the $25,000,000 com m on is owned b y the Grand Trunk R y .
B O N D S.— The Canadian Government agreed to guarantee 3 % 1st m tge.
bonds for an amount up to 75% of the cost of construction o f the Western
division, such amount (a) In the case of the Prairie Section not to exceed
$13,000 per mile, or £3.210,000 In all: and (6 ) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section.
T otal Issue, £14,000,000; R oyal Trust C o., Canada, trustee. V . 80 n
996. 1234. 1363: V . 81, p. 507, 613; V. 89, p. 224, 286; V . 91. p. 214, 276
D w lsion as to guaranty by G o v ’t, V. 93, p. 1386, 1462; V . 95, p. 1607.
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
b y a second m tge. (National Trust C o., T oron to, trustee) on the railway,
equipment and tolls of the c o ., 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 E ast.D lv.
or of the above-m entioned branch lines of over 6 miles. These bonds are
gu9£-„as t 0 prln' and ,n t- by the Grand Trunk R y . Co. See form In V . 80.
p’
also see v - 80- P- " 6 : v - 86- P- 794; V . 90, p. 1165; V . 92, p. 725.
Although the mortgage to secure the 3% bonds guaranteed b y the Govern
ment ranks before the mtges. securing A and B bonds guaranteed b y the
Grand Trunk R y . of Canada, yet an agreement schedule to an A ct of 1904
provides In effect that In the event of default by the com pany for 5 years In
paym ent of the Int. on the 3 % bonds, the rem edy of the Governm ent shall
be to put In a manager with the concurrence of the com pany to operate the
W estern Division and to collect and distribute net earnings of each particular
division part passu between the holders of the bonds guar, by the G ovt,
and the holders of the bonds guar, b y the Grand Trunk R y . Co. In the pro
portion of 75% of such earnings to the holders of the G ovt bonds and 25
to the holders of the bonds of this division guar, by the Grand Trunk R y . 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 m onths’ notice,
Interest thereon to be 4 % , payable semi-annually, secured by the com
pany’s bonds to the same am ount, maturing 1919, guar. prln. and Int. by
the Grand Trunk, under a m tge. on the Prairie Section, subjeot to existing
prior liens. V . 8 8 , p. 822, 1194, 1061, 1253; V . 90, p. 1165. In Juno 1913
a loan o f not exceeding $15,000,000 (the advances to bo mado p rob a bly over
a period o f two years) was authorized, payable In 1 0 years, with 4 % in t.,
to be covered b y debentures constituting a charge on the entire western
division next after all existing authorized charges and guaranteed, priu. and
in t., b y the Grand T runk R y . V. 96, p. 1629, 1772.
Lake Superior branch bonds, total issue limited to £1,550,000, are se
cured b y a 1st m tge. on all the 188-mlIe Lake Superior Dlv. and are guaran
teed, prln. and Int., b y the Grand Trunk R y . Co. (V. SO, p. 996.)
In 1909 Acts were passed b y the provinces of Saskatchewan and Alberta
authorizing the respective provinces to guarantee, prln. and Int., at the rate
of $13,000 per mile, flrst mtge. bonds to be Issued b y thcGrand Trunk Pacific
Branch Lines Co. tor the construction of new lines, v iz., 670 miles In Sas
katchewan and 491 In Alberta, to be worked under agreement b y the Grand
T runk P acific R y . Power is given to Issue additional bonds, $2,000 per m
V . 90, p. 1044, 1165; V . 8 8 , p. 1437; V . 96. p. 285.
A separate Issuo o f £238,600 on the A lberta Coal branch o f 58 miles Is
also guaranteed b y Alberta. V . 95, p. 1331; V . 96, p . 285.
In 1912 an A ct was passed authorizing the Province o f Saskatchewan to
guarantee, prln. and Int., at the rate o f $13,000 per mile o f 4 % 30-year
bonds, debentures, debenture stock or other securities to be Issued by the
Grand Trunk Pacific Saskatchewan R y. for the construction of new linos,
part to be com pleted b y Dec. 31 1912 and part by Dec 31 1914. Power Is
given to Issue additional securities up to $2,000 per mile, m aking $15,000 per
mile. Similar securities may be issued on additional mileage at not exceed
ing $15,000 per m ile. V . 94, p. 1448.
D E B E N T U R E ST O C K .— In 1906 $25,000,000 debenture stock was auin t- guar, b y Gr. T rk . R y . under certain conditions (see V . 84.
P -(j70: Y . 96, p. 1296). to be issued as perpetual deb. stock; o f this, £ 3,,
000,000 was sold in 1907 to 1909 and £1,000,000 wo« offered in Jan. 19H)
at £02K - V . 8 8 , p . 624; V . 90, p. 303; V 96, P- 789.
In 1913 $25,000,000 additional perpetual debenture stock was authorized
to com plete the road, & c.; early in 1913 £1,136,980 was issued and £ 2 0 0 0 v - »*• ” ■
v ' * • ■>•1207 •
v-“ •
_ O F l<ICE US.— Pres., E. J. Chamberlain, M ontreal, C an .; Sec., Henry
Philips; T reas., Frank Scott.— (V .96, p.789. 1088, 1297, 1629, 1700,1772.)
GRAND T R U N K R Y. OF C A N A D A .— Quebec, Can., Montreal to Chi
ca go ., 111.; also to Portland, Bulfalo, Detroit. T oledo, &o.
SYSTEM P R O P E R .
REPORTED SEPARATELY.
_,
,
M iles.
M ajority stock owned.
Miles
Lines ow n ed_____________
2,952 Central V erm ont*--------------------- 5 3 j
Leased— partly owned.
’
Grand Trunk W estern*________ 3 4 7
A tlantic ft St. Lawrence, Port
Entire stock owned.
land,M e.,to Island Pond, V t
165 P ontiac Oxford & N orthern___ 101
Buffalo & Lake Huron
164 Detroit Grand Haven ft Mil*
jg i
CIncin. Sag. & Mackinaw
I
' 5 3T ol. Sag. & M uskegon..............~ gg
Other lines_____________________ 211
Jointly owned.
Detroit & T oledo Shore L in e ..
79
T
3,545
_ otal
, In earnings____________
_
—. - —— .............. ..........
Total roa d ............................... 4 0 9 0
Car ferry. Grand Haven to Milwaukee. *Sce separate statement this Co
On Sept. 30 1905 began operating Canada A tlantic R y. and guar prln’
and ln t.o n lts 4 % bonds. V . 79. p. 9 0 7 ,1 3 3 1 ,1 6 4 1 ,2 4 5 5 ,2 6 2 0 ; V .8 5 .P .6 0 0 .'
nas projected a through lino via the Central Verm ont from M ontreal to
Providence. V . 94. p. 416; V. 95, p. 1331, 1403; V. 96. p. 419. In June
J u n e . 1013 t
53
RAILWAY STOCKS AND BONDS
M iles Date
Road Bonds
R A IL R O A D C O M P A N IE S
[For abbreviations. & c „ see notes on first page]
drand Trunk Railw ay— (Concluded) —
Debenture stock £ 4 .2 7 0 ,5 7 5 - - -- - ------ ----------------- 1 3,512 (1874
1874
Consolidated debenture stock (collateral trust) c u m )
11869
Second equip intgo (subject to 1st M In trust)— cj
Great W estern perpetual debenture s tock ................c 836 H Var
Northern R y third preference A & B bonds - ..........c 1 490 \i (1868
11884
Debenture stock 4 % perpetual £ 4 2 5 ,8 5 0 -- - - - 100 1896
Pontlac Oxford & Nor 1st M $400,000-----B«a.o
1901
New England E lcv 1st M g gu due $10,000 yearly
1906
Montreal W arehousing 1st M $1,000,000 gold gu ar.
1912
Car trusts due $197,000 scm l-an red 102 H - - - - - Ba
1912
d o Ser B gold due $168,000 s-a red 102H Ba
QrF?rstTkM nt iIu k M c u r) & £ ($10,000,000 b d s ) . . . F
Gen consol M auth $30,000,000 guar p & 1..................
Great Northern— Stock $231,0 0 0 ,0 00 .-------------- - - - Gt Nor 1st .<c ref M g red 105 beg 41 — Ba.xo*&r*
Old Underlying Divisional Bonds—
St P M & M consol m tgel (now 1st M) g o ld ------ Cel
for $50,000,000..........J(V 91 p 518) sink f u n d . .)
M ontana E x t 1st M ($25,000 p m) g o ld ------ C e .c'& r
Pacific Extension M £6.000,000 gold ............Ce.c*& r
C B & Q col tr M g (sub to call at 105)----------Q c’ &r*
do
do
do
registered..........r
Minn Un R y 1st m tge gold assum ed.................... Ce.c
do
do
do
________________
E of Minn No Dlv M $9,700,000 g assu re d .B a ,c* & r
Mont Cent 1st M g ($6,000,000 are 6s) assum Ce.c&r
W illm ar & Sioux Falls 1st M g assum (end) -Ce.c*& r
Spokane Falls & North tlrst m tge gold assum Ba.c*
a t North Ry of Can— See Canadian North Quebec R y
Great Southern R R — 1st M $5,000,000 g o ld -.........
Green Bay & Western R R — Stock (see te x t).........
Debentures Class A Incomes text non-cum .
c
Class B Incomes after 5 % on stock n o n -c u m ..c
326.5
331
1900
1912
7,443
1911
2.549
2.549
2.549
420
850
1883
1883
1887
1890
1901
1901
3 1882
3 1882
285 1898
250 1887
304 1888
130 1889
1908
1896
1896
Amount
Outstanding
Par
Value
£100 £4.270.375
£100 £22,222,442
£373,000
£100
£100 £2.723.080
£14,600
£308,215
$400,000
1,000
$280,000
1,000
1,000,000
$ or £
3.546.000
1,000
3.192.000
1,000
Rate
%
Last Dividend
and Maturity
When
Payable
J & J 14
5
Q— J
4
A J
6
&
5
A O
6
A A
4
&
6 g
A
SH e
A A O
4
4H M A N
4H g M & N
Irredeemable
Irredeemable
July 1 1919
Irredeemable
Irredeemable
Irredeem able
July 1 1916
July 1914-1941
Apr 11936
N o v ’ 13-M ay’ 22
N o v '1 3 -N ov '22
Glyn, Mills, Currie A Co
London
Bankers Trust Co, N Y
UnSDATrCo, P ortl’d.M e
Montreal or London ■ •
N ew Y ork
do
Bank M ontreal,N Y AL on
15.000.
000 4 g J & J July 1 1950
do
do
M & S Sept 1 1962
7.340.000
32
Nassau St, New York
Q—
F
M
a
y
1
1913
1
»A
ln419i:
See text
do
do
35.000.
000 4 K g J & J July 1 1961
$& £
100
1.000 &c
A
6 g
13.344.000
A
21.220.000
4M gJ
ft
4
g
J
8.480.000
A
4 g
alO, 185.000
A
4 g
£6,000.000
A
4 g
1$107613500 /
Q— J
\ 4 g
&
6 g
; 2,150,000
A
5 g
650.000
&
4 g
d9,695,000
&
5
&
6
g
000
1.000 fe e 10.000.
A
5 g J
3.625.000
1,000
6
J &
229.000
1,000
5 g J &
See text
1,000
Feb
2,500,000 5 Feb M3
100
Feb
600,000 5 Feb ’ 13
1,000
Feb
7.000,000 li4Feb’ 13
1,000
1,000
1,000
1,000
1,000
£100 Ac
S1.000&O
1.000 Ac
1,000
1,000
1.000 Ac
J
J
O
J
D
J
July 1 1933
July 1 1933
July 1 1933
June 1 1937
July 1 1940
July 1 1921
July 1 1921
July 1 1922
July 1 1922
A pr 1 1948
July 1 1937
June 1 1938
July 1 1939
J July
Feb
Feb
Feb
1
3
3
3
do
do
do
do
do
do
do
do
N Y & Lond, Baring Bros
J P Morgan & Co, N Y
do
do
32 Nassau S t. New York
do
do
32 N assauNY;Lee,H ,Bos
32 Nassau St. New York
do
do
do
do
1928
Sec Sav A T r Co, Port,O r
1913 5 % Office 40 W all S t, N Y
1913 5 %
do •
do
1913 1 X
do
•do
a $11,502,000 additional pledged for Paclflo Extens Ion bo nds
d S ubjeot to call at 105 after April 1928
1 0 1 9 „ iaw was passed granting authority to build from W indsor, V t., to
Boston,^Tc. V 9 h p . 154; V . 90. p. 447, 1044; V . 94. n. 416. 1385, 1626.
In N ov 1911 trackage rights were arranged for over the Tem lskam lng A
North Ontario1R y ., 252 m . V . 93. p. 1462; V. 94, p . 1246.
. o
In 1911 authority was given to acquire Montreal & Southern Counties
(Electric) R y .. Issue additional consol, deb. stock, Ao. V . 91, p. 1025,
1095’ V 92 p 1237. The Grand Trunk A ct o f 1912 permits the com pany to
purchase bonds or guarantee securities of Grand Trunk W estern R y . or other
companies &c and to Issue further consolidated debenture stock bearing
not exceeding 4 % Interest to an am ount the Interest upon which shall not
exceed £250 000. V. 94, p. 207, 1246.
In N ov 1911 sold £1,250,000 4 % guaranteed stock, Increasing amount
outstanding to £12,065,655. V . 93, p. 1386. In April 1912 sold $3,940,000
4 H % car trust notes maturing $197,000 semi-annually and in O ct. 1912
V 94, p . 1185, 12?b; V . 95. p. 1122.
S T O C K & c __T ho authorized capital on D ec. 31 1912 was £48,936,364
stock (£47’ 809 595 issued and £1,126,770 unissued); advances from Cana
dian G o v t.’ln aid of construction amount to £ 3 ,1 1 1,500. Perpotual consol.
4% deb stock auth. b y A ct of 1882, and later A cts, has been Issued from
time to time to acquire securities of companies consolidated and controlled,
arnniintlnv D ec 31 1912 to £12,494,094 and bearing an annual interest o f
£62 1 8 10 V 71 p! 84; V . 88, p. 822, 1194; V .82, p . 692; V 86, p . 602, 1100.
In A A ril1012 £1 500 000 perpetual consol, deb. stock was Issued and In D ec.
1912 £1 060 000 was so ld , raising am ount out to £22,222.442. V . 94. p.
1119 1763; V . 95, P- 1683-4; V. 96, p . 62.
In D ec. 1912 received author
ity to make a further issue ° f £5.000,000 consol, deb. stock , of’ which £1,OfiO OOO w as underwritten. V. 95* p. 1207* 1607* V . 96* p. 10o9.
s fflr c o
bonds! V . 82. p. 452. Montreal W arehousing guaranteed
bonds V 83 p. 37. Grand Trunk Pacific Devel. C o., V . 8b, p. 1042, V .
9 0 ?p 306; V . S i. p . 1449; V . 92, p. 1238; V . 93 p. 1107. T oron to T erm
inals R y ., V . 95, p. 1474. Ottawa Terminals R y s ., V . 95, p. 1207.
D IV S .—
1 ’00. ’01. ’02. '03. ’04. ’05. ’06 '07. ’08. ’09. *10. ’ l l . '12
2d nref
%) 3
4
5
5
5
5
5
5
2d 5
o
5
5
3d p r e f : : : % i 0
0
1
2
0
2
3
3
0
0
H U * 2H
E A R N IN G S .— 10 m o s .,[1912-13. -G ross, *35,790.957; net *9.024,864
July 1 to April 30. 11911-12-.G ross, 31,618,502; net, 7,369,360
R E P O R T .— Statement for 1912 was in V . 96, p . 1292. H alf-yearly
m eeting April 1913. V . 96^ p ^ 1292.
1909.
1911.
1910.
£
£
£
Years end. Dec. 31—
£
6,499,371
7,696,957
7,021,535
Gross earnings------------8,447,087
4,832,340
5,739.076
5,246,752
Transportation expenses b ,i2 f,9 b »
1,957.881
N ot earnings-------------- 2,319,119
2,277,430
T otal net Incom o------ 2 ,5 3 o ,ll2
155,206
Deduct— Rentals------ 155,206
1,163,065
Int. on bds. A deb. stock 1,193,048
129,273
A d v. to controlled roads
221,424
;4'427,430
D ivs. on guar, stock — (4)483,112
(5)
170,841
do
1st pref. stock —
(5)126,420
do
2d pref. stock ____ (5)126,420
do
3d pref! stock ! 11 (2 H ) 179.116(1^)107.409
1,667,031
1,774,783
2,128,222
2,000,809
155,206
155,206
1,110,770
1,082,974
129,121
72,154
(4)
(4)
402,775
(5 ) 170,841 (5 ) 170,841
(5)126,420 (5)126,420
(14)35,823
def.2,274
def.2,734
B a la n c e .........................
sur.5,945
. . -def.387
. w
nTi’ ioiPii’ T N __T>rr« r .T ChftTnbfirlftiDl Chairman o f Board, Alfred W .
mitPh e J s °-RJ
fV.: 96Pr^
’ 419.
Smithers.
—,
----- ---652 716. 789, 1089. 1292. __1629.)
„
,
--------M ich .,
&
_____ 1 J 3 m . ; t A n W h ; &
S M liiaw . 0.57 m .; CMC. *
rerjglnirf.
W est rind.",” 5 mV; total, 347 m . *S tock !’ *6,000.000, all owned b y Grand
T ru nk. V . 69, p . 954; V. 71, p. 28.
guarantees D ct. & Toledo Shore Line bonds. V .7 b ,p . bod; v . 89, p. 1411.
2 In March 1911 authority was granted to make a new m tge. for $30,000,000
to extend and Improve the road and provide for purchase of the Pontiac
Oxford & Northern R R ., Pontiac to Cascvllle, M ich.. 100 miles, held in
interest o f com pany, o f which $7,340,000 (4s) duo Sept. 1 1962 were puri S K
the Grand Trunk R y. T he latter will guarantee principal and
lnt^relt^SlS,0003)00 to bo held to retire the firsts at m aturity. V . 92. p.
795, 1108, 1242, 1436; V . 93, p. 1323.
come?* $354* 81T, Charges*,”
a d d ’ns and im p t s , $3,028; deficit.
$74,543.— (V . 92, p. 1436; V. 93. p . 1323; V. 96, p. 1700.)
o d p a t n o d t h f p n R Y .— (See M a p s.)— Operates a lino from St.
Paul and Duluth M inn via Spokane, AVasli., to Seattle, W ash., and Van11 G
wit trackage'rights into Portland. Ore., and numerous
branchos In M innesota, Iow a, N orth and South D akota, M ontana, Idaho,
W ashington, M anitoba and British Colum bia.
”
in fee
Tiles.
Lines owned in fee.
M iles.
St. Paul to St. Vincent, M in n .. 393 BarnesviUe, M in n ., to Portage
Ia Prairie, M a n ......... ............... 258
M inneapolis to Seattle, W ash . .1,806
E verett, W ash., to V an couver. 125 Pacific J et., M o n t., to B u t t e .. 291
Great Falls. M o n t., to L a u re l.. 223
C oon Creek, M in n ., to Superlor, AVIs-............. - ------------ 134 Various branches.......................... 3,276
Trackage - ...............
324
B oylston, W is., to Devils Lake,
N . D ..............- ................... ........ 374
T
otal
Juno
30
1912..................
7,484
St. C lou d , M in n ., to Sioux
Second, A c ., tracks and sid in g s.2,078
Owns join tly with N orthern P acific the Spokane Portland & Seattle R y .,
656 miles. V. 85, p. 1273; V . 86, p. 1529. During 1911-12 188 miles were
taken Into operation, o f which 70 miles were newly constructed, 41 miles
com pleted roads acquired and 77 miles trackage; 546 miles were under
construction, Inch 225.16 miles, Fargo, N . D ., to Surrey, N . D . This line.
together with 4.52 A bbotsford to Kilgard, B . C ., Vaughn, M o n t., to Gil
man 40 28 a.id M occasin, M o n t., to Lewistown, 30.27 m ., have been open
fo r o p t ? a t io n s ln “ j ™ b 1 91 2 .’ V 93 p. I l l ; V..9 5 . P- 618. 1050.
In*Dec 1908 C hic. Burl. & Quincy (jointly held with N or. Pac.) acquired
control o f C olo. & Southern
V . 87. p . ! 6 6 4 - 1 ^ Jointly N orthern
o f the com pany and the Northern Paclflc R y obta nc^ packagenr ghts
from the Canadian Northern R y . between Emerson, M an., and W innipeg.
68 miles, for 20 years, with provision foi 999 years. \ . 95. p. ~36.
O R G A N IZ A T IO N .— In 1907-08 absorbed St Paul Minn A Man. and
other roads theretofore controlled. V . 85. p. 600, 1209, V . 8b, p. lb s , (J4.
ST O C K .— In 1898 surrendered the right to iMue com m on s tw k . all stock
being “ of a single class with uniform rights. V . 83, p. 1469. V 84 p. /4 J ;
In Jan. 1913 stockholders wero offered tho Nght to subscribe for 521.
000,000 now stock at par, payable 4 0% Feb. 10, 20% June 10 and 20%
O ct. 10 1913 and 20% F eb . 2 1914. t 9 pay for construction o f Mmitama
Eastern Ity., about 500 miles, & c., raising am ount out to $231,000,000.
V . 95, p. 1541, 1607, 1745.
D I V I D E N D S.- 1 ’92 to ’96 (Incl.) '97. '98. '99. '00. ’01. l^ > 2 to M a y 13.
Per ce n t................)
5 % yearly
5H 6K 7
7
7 7% yearly. Q -l
A lso In 1898 50% in Seattlo & M o n t, stock, which was then exchanged
at 80 in paym ent o f 40% o f subscription to additional G t. N or. pref. V .6 6 ,
D 1044 1188; V . 74, p. 829. In M a y 1901, M % and In N o v . 1907 1 M %
was paid from earnings o f Lake Superior C o ., and in D ec. 1906. unit for
unit 1 500 000 shares o f beneficial interest in the Iron ore properties. V . 85,
D"B O flD S ?— O lathe'‘ ‘ 1st 1&aref/W$J-yT.' bonds ($600,000,000 auth.,). $ 5 1 ,
839,000 have been issued as 4 '{ % bonds to April 30 1913, o f which $35,000.
000 sold and $16,839,000 heid In treasury. These bonds are a firet lien
directlv or through deposit o f stock on 2,652.03 miles o f road at $13,197 per
nir mid a general lien [subject to existing liens o f $22,862 per m .) on 4,791.01
miles; total mileage covered, 7.443.04; also wxmredl b y standard ®duJPJ” ®£h
at the time o f the mortgage costing $ 5 9 ,0 7 3 , 1 8 0 upon $46,200,068, or wmen
it is a first lion. V . 92, p . 1499; V . 93, p. 871.
provisions Respecting Issuance of the $60 0,0 0 0 ,0 0 0
Sold for pres, purposes, $ 3 5 ,0 0 0 ,0 0 0 ; held In t r e a s ..$ l0 .0 0 0 .0 0 0 -$ 4 o ,0 0 0 ,0 0 0
R eserved to retire existing obligations. Including the $ 2 2 2 ,4 0 0 ,
000 auth. Issue o f Northern Pacific-Great Northern Joint 4s,
due 1921, of which $7,173,000 have not yet been Issued (no
additional bonds, not provided for In the m ortgage, are to be
Issued or underlying bonds extended)..............
..- - - - - 3 3 2 .i b 2 .u u u
Reserved for general corporate purposes, acquisition of new
lines, & c., and purchase o f stocks and bonds of other c o s ------ 122,838,000
Reserved for the acquisition and construction of new lines, termlnals, & o „ at not exceeding $3,000,000 In any cal. y e a r . ..100,000,000
St. Paul M inn . & M an. consol, mtge. o f 1883, for $ 5 0 ,0 0 0 ,0 0 0 , is now a
393,600
first lien on both land grant and 2,549 miles o f road and a second lien on
2.63 m . form erly owned b y M inneapolis Union R y . V . 91. p . 518, V . 61.
p . 518; V . 86, p f 229; V . 87, p. 1533; V. 88, p . 295, 624, 1061. 1372.
M ontana Extension m tge. is limited to $21,687,000 o n.8A
7
Swf t h
o f M ontana; $10,185,000 are in hands o f the public and 811(502.000 with
trusteo. P acific ext. m tge. to secure to that m tge. first lien on tracks
P acific Jet. to Idaho State line, 417 miles.
.
.
Pacific Extension m tge., £6.000.000, at £6,000 per mile in M ontana and
£7.000 per mile west o f M on tana. V . 66, p. 1044, 1188; V , 80, P- 1111.
1174; V . 90, p . 303. See a b s t r a c t o f m tge., V . 52, p . 82.
On June 30 1912 G t. N or. and N or. Pac. had acquired $107,613,500 o f the
$110,839,100 Chicago Burl. & Quincy R R . stock, in exchange for their
Joint 20-year 4 % gold bonds, secured b y 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.
UEastern R y. o f Minnesota.— Nor. Div. m tge. of 1898 limited to $9,700,000.
are red. at 105 after April 1 1928. V . 66, p. 471; V . 88, p . 1002, 1253.
The Willmar & Sioux Falls bonds are guaranteed. V . 5(3. p. 2 4 /.
M ontana Central Ry. Co. first m tge. o f 1887, $10,000,000, o f which $ 6 .
000,000 are 6s aud $4,000,000 5s, covers 250 miles.
G E N E R A L F IN A N C E S .— T otal funded debt in ha.nd,?
nq’sV?®
1912, $143,757,909. I’ er mile or road (7.177.57 m .), bonds, $ -0 ^ 2 8 .7 7 .
stock , $29?256.52. Train load, 1911-12, 601 tons against 523Tn 1910-11.
T h e 'o •J 8 ‘s i lS 1e ” 'iiM 0|r a f l T v . 9 “ S i r n S S S S S S S f t t ? “ f f i o :
to cancel’ the lease of the ore lands represe^ntp d„nerties u n d w ^ In d u str’l s1 “
sued In 1906. See Great Northern Iron Ore Properties under Industr Is.
F A R M IN G S __10 mos [1912-13 -G ross, $64,848,951; net, $27,931,446
1 July 1 to A pr. 3 0?OS ’ { 1911-121.Gross, 54.662.378; net, 24,818.059
■ n n p n u T __For 1911-12. V . 95, p. 1036, 1046. Editorial, p . 1011.
REPO R1. r o r iw n u , v . a o . j
1911- 1 2 .
1910-11.
1909-10.
a vnmiro mllps onerated
____
7,369
7,244
7,020
p S r c r
$13,623,009 $13,422,057 $14,311,800
F?pfvhtg
47.877.309
43,379,174 46,675.734
l/eigno - - - - - - - - ...........
.1 .117 729 44,173,735
173 735 3.214.934
3.214.934
4,417,729
Mail, express, &c - - - - - ................ ........
262.902
282,667 .....................
279.712 .....................
Other than transportation.................... .......................
Gross operating revenues.................. *06.197 819 *61.257.633 *04.465.370
Net operating revenue...........................$25.1b2,892 $20,502,461 $21,856,981
Gross corporate Incom e.........................*28.870.4 )8 *23.337 471 *23.113.800
255,228
662.289
Rentals p aid........... - - - ........................754.453
125,387
Hire o f equipm ent, balance................
4,823,184
5,"i"l5! 514
Bond Interest accrued ----------6 ,401,(89
118,177
42,740
R o o t R v. fc N av. d eb ., Int gu ar--------------Dividends on stock ( 7 % )....................... 14.6?8.982 14,698,590 14,698,663
Deprec’ n of steamships .......................
(oO.OOO
2,818,338
2,319,158
Im pt. and renewal fu n d ....................... 3,502,000
Balance, surplus-------------------------------$2,703,273
........
*774,003
RAILW AY STOCKS AND BONDS
[V
o l
.
x c v i
J u n e , 1913.1
RAILW AY STOCKS AND BONDS
56
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N I E S
IFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Rate
Greene RR (New York)— Stock---------------------$100
Greenville & Knoxville Ry— First mt?e red text.
1912
500
Greenwich & Johnsonville— 1st M $500,000 g .G.c&r
21 1904
1,000
Groveton Lufkin & Northern Ry— 1st M gold________
21 1909
Guantanamo & VVestern—1 st M $600,000 gold
CK 93.6 1909
Gulf Beaumont & K C— See Atch Topeka A Santa Fe
Gulf Fla & Ala— 1st M$10,000,000g redl05_CK.c* &r
83 1911
500 Ac
Gulf Line— First mortgage $1,000,000 g o ld .............
32 1907
1 ,0 0 0
Gulf & Sabine River— 1st M $300,000 gold _ .
37 1908
1 ,0 0 0
Gulf & Ship Island— Stock____________
100
First refund and term M gold sink fund N o*xAr*
307 1902 1 , 0 0 0 Ac
Gen A ref M gold, $200,000 due yrly red 103..Mpc
307 1911
1 ,0 0 0
Gulf Term, Mobile— 1st Al $700,000 g gu (text) o* Ar
1907
1 ,0 0 0
Gulf Texas & West— 1st Al $10,000,000 g red 105.Mp
1 ,0 0 0
'75 1909
Halifax & Eastern— First mortgage re d ..
£100
1905
Hattpden R^R— First mortgage. .
Hampshire Southern— First mtgc $700,000 g I 'p 'o *
500
38 1909
Hancock & Calumet— See Allneral Range RR
Hannibal fc St Joseph— See Chicago Burlington & Qul
Harriman & Northeastern— First mortgage gold
Ce
100 Ac
20 1895
300.000
Harrisburg Portsmouth Mt Joy & Lane—Stock 7% gu
50
53
1.182,550
First Al (extended In 1883) gu p & 1 Pa R R ...G P ,r
500 Ac
53 1853
700.000
Hartford & Connecticut Western— Stock_________ .
100 2.967.000
124
First mortgage extended In gold In 1903...................
1,000
124 1883
700.000
Hawkinsv & FI So— 1st Al $400,000 gold guar p & 1 . .
44 1902
1,000
325.000
Henderson Bridge Co— See Louisville A Nashville RR
Hibernia Mine RR— Stock...............................................
4X
100
200.000
Hocking Valley Ry—S to c k ___________ _____________
100 11,000,000
Columbus & Hocking Valley first mtge gold_____c*
76 1867
500 Ac
1.401.000
Col A Tol 1st At gold ext 1905 (V81 p 2 1 1 )...G .c *
118 1875
1,000 2.441.000
First consolidated mortgage $20,000,000 gold__ Ce
346 1899 1 . 0 0 0 Ac 16,044.000
Two-year gold notes red par since Nov 1 9 12___ Eq
1911
1,000
4,000,000
Equip notes gold Ser A due $23,000 s-a_______ Usm
1907
1,000
181,000
do
do
Ser B due $48,000 s - a ...............
1907
1.000
334.000
do
do
Ser C due $37,000 s-a___________
1907
1.000
296.000
do
do
Ser E due $25,000 s-a___________
. . 1907
1.000
225.000
do
do
Ser I of 1908 due $25,000 s-aG.xc*
. . . 1908
1.000
250.000
Bonds of coal companies guaranteed— See Sunday Creek Cound er ” Indu strlals”
T
OFFICERS.— Chairman. Louis W . Hill, St. Paul; Pres., Carl R. Gray,
St. Paui; V.-Ps., Richard A. Jackson, W . P. Kenney, J. M . Gruber; V.-P.
& Treas., E. T. Nichols. N. Y .; Comp., G. R. Martin; Asst. Treas. & Sec.,
L. E. Katzenbach, St. Paul; Asst. Sec. & Asst. Treas., N . Terhuno, N. Y.
N . Y . office, 32 Nassau St.
Directors.— J. J. Hill, Frederick Weyerhaeuser, Carl R. Gray, Wm. H.
Dunwoody, R. A. Jackson, Samuel Thorne, Louis W. Hill, Wm. B. Dean.
E. T . Nichols.— (V. 95, p. 1607, 1745; V. 96, p. 1700.)
GREAT SOUTHERN RR.— See page 138.
GREEN BAY & WESTERN RR.— Road owned from Green Bay, WIs..
to Marshland, WIs., 209 miles, branches, 13 m.; trackage to Winona, 4 m.
The option of Minneapolis & St. Louis interests on a majority of tho stock
was allowed to lapse in Mar. 1913. V. 95, p. 1207; V. 96, p. 947.
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 A %
Interest. If earned, then common stock to 2 )4 % , then the two share ratably,
but after 5% on both, class B Is entitled to all surplus earns. V. 61. D . 471.
D I V S .- ’ 98. ’99.
’00. ’01.’02-’04.’05-’07. ’08. ’09. ’ 10. ’ l l . ’ 12. T 3.
Class A % 2H 2 « 2 « 3
4 y ’ly 5 y’ ly 5
5
5
5 5
5
2Joc15.m .-. %
-1
2 H 3
4 y ’ ly 5 y'ly 5
5
5
5 5
5
Class B .......................................................
$4
^
u
u u
iu
EARNINGS.— 10 mos.,J 1912-13............Gross, 3637,733; net, $223,384
T»^&!?T,1n H Apr’ 30'
I 1911- 1?,-,------- Gross, 614,194: net, 209,807
REPORT for year ending Dec. 31 1912 in V. 96, p. 1014.
Cal.
Year.
Gross
Net after
D iv .o n
Dividend
Div. on
Bal.,
Earns.
Taxes. Deb. “ A . "
on Stock.
Deb. “ B.”
Surp.
1012........$761,502 $248,234 (5)330,000 (5)3125,000 (1M)S87,500 $5,734
(>4)35,000 7,820
1911------ 660,484 197,820 (5)30,000 (5)125,000
DIRECTORS.— J. A. Jordan, Pres.; Edgar Palmer, V.-Pros.; Charles W.
Cox, Sec. and Treas., 40 Wall St., C . Ledyard Blair, J. A. Jordan, W. J.
Wilson.— (V. 96, p. 1014.)
GREENE RR.— Owns road from Chenango Forks to Greene, N. Y ., 8
miles. Leased to Delaware Lack. A Western for term of charter for 6 % on
•took. Stock, $200,000; par, $100. D. L. A W. owns $200,000 7% bonds.
GREENVILLE & KNOXVILLE RR.— See page 138.
GREENWICH & JOHNSONVILLE RY.— Owns from Schuylerville. N .Y ..
to Johnsonville, N. Y ., 21 m. Stock, $225,000. all owned by Del. A Hud
son Co. V. 90, p. 790. Bonds, see table above. For year ending June 30
1912, gross, $117,879; net, $51,647; charges, $30,431; divs. (6 % ), $13,500;
bal., stir., $7,715. Pres., I. C. Blandy, Greenwich, N. Y .— (V. 8 6 , p.1224.)
OROVETON LUFKIN & NORTHERN RY.—See page 138.
GUANTANAMO & WESTERN RR.— Owns from Boqueron at Granadlllo
Bay on south Coast of Cuba, via San Justo and La Maya to San Luis, with
branches to various sugar mills; total mileage, 93.6 miles. Incorporated
In Maine Sept. 1909 and took over Alarch 1 1910 per plan (V. 8 8 , p. 294) the
Cuba Eastern R R ., Northeastern Cuba R R ., Cuba Eastern Terminals Co.
and Eastern RR. of Cuba, foreclosed Aug. 1909. Controlled by Guanta
namo A Western Stockholders' Syndicate Incorporated In Alalne Dec.
1911 with $450,000 stock. V. 93. p. 1725.
Stock authorized and Issued, common, $2,750,000: 1st pref. 7% non-cum.,
and 2d pref. 5% non-cum., 3250,000; o f which $241,500 com.,
t2.750.000,
242,300 1 st prof, and $153,000 2d pref. in treasury June 30 1912; par of
all shares, $100 each. Equipment trust notos July 1912, $160,000.
EARN ING S.— For year ending June 30 1912 In V. 95, p. 1470, showed;
Gross, $382,342; not, $54,073: outside operations (loss), $13,671; other
income, $979; interest, $56,026; bal., def., $14,645.
OFFICERS.— F. Q. Brown, Chairman; M . H. Lewis, Pres.; Robert L.
Dean, Sec.; G. St. L. Abbott, Treas. N . Y . office, 82 Beaver St —
(V. 93. p. 1725, 1786; V. 95, p. 1470.)
GUAYAQUIL & QUITO RY.'— Seo Issue o f Apr. 1911, V. 96, p. 1423.
GULF FLORIDA & ALABAMA RY.— (See M a p .)— Pensacola, Fla,,
to Local, Ala., 72 m.; Gateswood Jet. to Gateswood, 11 m.; sidings, 7 m.;
total, 90 miles. Under construction from Local, Ala., to Pine Hill, 65 m.
piers, A c., in Pensacola. V. 95, p. 1541. Extensions aro projected so as
to complete a direct lino from Pensacola, Fla., to the coal and mineral terri
tory of Northern Alabama, a total of 265 miles, with 33 miles of branches.
V. 93, p. 1259. 163; V. 95, p. 419.
Auth. stk., $1,500,000 5% non-cum. pf.; $6,000,000 com.; par. $100.
BONDS.— Of the 1st 5s ($10,000,000 auth. Issue) $7,500,000 are Issuable
for main line and terminals, at not over $2 0 , 0 0 0 per mile; $500,000 for
terminals. Ac., in Pensacola; $500,000 for bridges over Alabama and
Warrior rivers and $500,000 for extra heavy work In Alabama. The re
maining bonds are reserved for Improvements or additions at 90% of cost.
V. 93, tx 163; V. 95, p. 419. Of the bonds, $1,500,000 have been sold.
V. 95, p. 1541. Pres., Roy O. Megargel. 35 Pine St., N. Y .; Sec., O. W.
Byram; Treas., F. B. Erwin Jr. Office, Pensacola, Fla.— (V. 95, p. 1541.)
. . ULF LINE RY.— Owns Brldgeboro to Camilla, Ga., 51.7 miles; Hawklnsvllle to Worth, 42.5 miles; Hawklnsvllle to Grovanla, 14 miles, opened
Aug. 1912; trackage Ashburn to Worth, 3.3 m.; total, 111.5 m. Extension
from Brldgeboro to Camilla, 20 m.. Included above, opened Dec. 1 1911.
Sold to Eastern capitalists early in 1910
V. 90, p. 502. Stock auth.,
common, $400,000; pref.. $100,000. Bonds auth., $1,000,000 30-yr.
gold 5s, Atlanta (Ga.) Trust Co., trustee; $577,000 in hands o f public and
$25,000 In treasury July 1912. Bills payable, Incl. equip, notes, June 30
1912, $37,292. For year ending June 30 1912, gross, $182,893; net, $35,207:
charges, $56,811: bal., def., $21,604; in 1910-11 (77.5 milos), gross, $149,
388: net, $40,135. Pres., It. W. Watson; Treas., Geo. L. Twigg, Syl
vester, Ga.— (V. 95, p. 480.)
OULF & SABINE RIVER RR.—See page 138.
GULF & SHIP ISLAND RR.— Owns from Gulfport, on Mississippi Sound,
Gulf of Mexico, to Jackson, Miss., 160.5 m.- Maxle to Alendcnhall. 104.75
m.: Saratoga to Laurel, 41.75 miles; total, 307 miles.
DIVIDENDS.— April 1903 to July ’ 10. 4% y ’rly; 1911,4%; ’ 12, Jan.,1%.
BONDS.— Of the first 5s ($5,000,000 authorized), $4,984,000 are out
When
Payable
%
6
5g
4g
5g
6 g
5g
5g
a 5 g
See text
5 g
6 g
4g
5g
5 g
5
5g
_
6
g
J
J
J
J
M
2
4>$
5g
3
See text.
4g
4g
4 >4 g
4M g
•l
4
4
4
4g
Last Dividend Places Where Interest and
and Maturity
D Junel91913 3%
J June 1 1942
J Jan 1 1924
J Jan 1 1939
15 Nov 15 1929
Dividends are Payable
D L A W, 90 West St
Guaranty Trust Co. N Y
111 Tr A Sav Bk or off, Ch
Colum-Knlck Trust Co
J A J July 1 1961
M A S Sept 1937
M A S15 Sept 15 1928
Q-J
Jan 15 1912 1%
J A J Feb 1 1952
A A O April ’ 14-’ 17
J A J Jan 1 1957
M A N Nov 1 1939
J A D 30 1955
30 years
J A J July 1 1934
Farmers’ L A T Co, N Y
J A
A
J A
F AA
J A
A A
J Jan 1 1916
J July 10 ’ 13, 4
J July 1 1913
31 Feb 28 1913 1%
J July 1 1923
O Apr 1 1952
Central Trust Co, N Y
Company’s office, Phila
do
do
Hartford
do
Union S B A Tr Co, CIn
A A O Apr 10 ’ 13 1 H
Q-M
June28'13 6 K%
A A o Oct 1 1948
F A A Aug 1 1955
J A ,J July 1 1999
M A N Nov 1 1913
F A A A ug’ 13-Feb’ 17
F A A 15 To Feb 15 1917
A A O To Apr 1 1917
F
A A ug’ 13-Aug’ 17
F A A 15 To Feb 15 1918
See Central of New Jersey
J P Morgan A Co, N Y
7 A In'13 J
4
A
A
A
A
AN
[V o l . XCVI
Columbia-Knlck Co.N Y
Treas office, St L. Mo
Buffalo, N Y
Metropolitan Tr Co, N Y
do
do
Franklin Trust Co, N Y
Metropolitan Tr Co, N Y
do
do
do
do
71 Broadway. N Y
U S M A Tr Co. N Y
Lincoln Trust Co, N Y
Merch L A Tr Co, Chlo
Empire Trust Co, N Y
Guaranty Trust Co. N Y
standing, remaining $16,000 being reserved to retire a like amount of old
bonds still outstanding. In July 1912 $492,000 bonds were In tho sinking
^.eo v - 74, p. 426, and application to list, V. 74,
p. 1257: V. 81. p. 264. Of the gen. and ref. 6 s of 1911 ($1,000,000 author5500.000 were sold to retire the $500,000 6 s due Apr. 1911 and
$500,000 for construction of Columbia branch. V. 92, p. 460.
EARNINGS.— 10 mos.f 1912-13..........Gross. $1,740,141; net, $623,61$
July 1 to April 30. \1911-12-------- Gross, 1,655,245; net, 546,197
R E PO RT.— Report for year end ng Juno 30 1912 in V. 95, p. 1117.
, y.ea.r.7~
Gross.
Net.
Other Inc.
Charges.
Balance.
1911-12.............$1,982,740
$566,021
$12,886
$374,336
$204,570
1910-11............ 2.006,790
634.614
12,698
358,345
288 967
Dividends (2%) paid during 1911-12, $135,000, against $270.000(4%)In
1910-11. Pres., J. T. Jones, Buffalo, N. Y.— V. 95, p. 968, 1117.)
G U L F T E R M I N A L C O . , / M O B I L E . — Owns union passenger station and
approaches at Mobile, Ala., leased by the Southern Ry. and Mobile A Ohio
RR ., which own tho stock and guarantee the bonds. Jointly and severally,
p. A I., by end. Franklin Trust Co., N. Y ., Is mtgc. trustee.— V. 84, p. 50.
G U L F T E X A S A V V E S T E R N R Y . — Projected from Burr’s Ferry to
Benjamin, Tex., 475 miles. Completed Seymour to Salesvillo, Tex., 99
miles. Has trackage agreement for freight trains to Weatherford, 31 m .,
and for passonger trains to Mineral Wells, 9. m ., giving entrance via Weath
erford Mineral Wells & Northwestern and Texas A Pacific to Dallas and
Fort Worth. V. 96, p. 1089.
Stock auth., $500,000; outst’g July 1912. $275,045; par of shares, $100.
Of the first 5s ($10,000,000 auth. Issue), $1,529,000 have been Issued on the
first 7;> miles. V. 89. p. 993, 1223; V. 90, p. 109; V. 93. p. 44
Loans and
bl Is payable June 30 1912, $338,675. Year ending June 30 1912, (75.6
miles), gross, $51,425; op. def.. $38,058: other Income, $2,668; taxes. $7,287;
Int. on bonds, $76,450; bal., def., $119,127. Pres., J. J. Jermyn, Scranton,
Pa.; V.-P. and Gen. Mgr.. Ben. B. Cain. Dallas. Tex.: Sec. A Treas., W.
Frank Knox, Dallas, Tex.— (V. 93. p. 44; V. 96, p. 1089.)
HAMPDEN RR. CORPORATION.— Owns from Springfield, Mass., to
Bondsvillo, Mass., with branch to Holyoke, a total of 30 miles; opened
June 23 1913. Tho Boston & Maine Iifi. leases tho road for 99 years,
the rental providing for int. and 5 £ % on stock and in Mar. 1913 applied
for permission to mergo tho road. V. 96, p. 1021. In Fob. 1912 asked
authority to issuo $2,500,000 bonds. V. 96. p. 359.— (V. 96, p. 1021.)
H A M P S H I R E S O U T H E R N R R . —See page 138.
H A R R I M A N & N O R T H E A S T E R N R R . — Harriman to Petros, Tcnn., 20
In Jan. 1903 entire ($600,000) stock acquired In Interest of Cine.
New Orleans A Tex. Pao. R y., but Is operated separately. V. 76, p. 157.
D IV ID E N D S .-In 1907, 4% ; 1908, 2 H % ; 1909, 2 % . Year to June 30
1912, gross, $118,166: net. $56,908: other incomo, $1,860; int., taxes, A c.,
$29,790; bal.,sur., $29,978. In 1910-11. gross. $119,326— (V. 76, p. 212.)
H A R T F O R D & C O N N E C T I C U T W E S T E R N R Y — Hartford, Conn., to
RhlnecllII, N. Y., 110 miles, and branch, 14 miles. Leased till Aug. 1940
to Central New England Ry. (now controlled by New York Now Haven A
Hartford RR ), the rental paying charges and 2% per annum on tho stock.
— (V. 83. p. 213, 1290.)
H A V A N A T E R A 1 IN A L R R .— V . 92, p. 59 4 .
H A Y V K I N S V I L L E & F L O R I D A S O U T H E R N R Y . — Worth to Ilawklnsville, Ga., 44 miles. Leased May 1 1907 to Gulf Line Ry. until April l 1952,
with option of purchase. V. 84, p. 1247. Stock, $100,000, acquired in
April 1904 by Georgia Southern A Florida, which guarantees bonds (see
table above), principal and Interest. Year ending June 30 1907, gross.
$55,174; net, $8,247; total deduo., $13,542; bal., def., $5,295. Pres., J. B.
Munson; Treas., W. P. Hopper, Macon, Ga.— (V. 84, p. 1247.)
H I B E R N I A A l I N E R R , — Owns Rockaway to Hibernia Mines, N. J.,
4 >4 m „ leased to Cent, of N. J. to Oct. 1930 at $6,000 yly.— (V.91,p. 1766.)
H O C K I N G V A L L E Y R Y . — The company’s main lino extends from
Rockwell to Columbus, 119.6 miles; Columbus to Athens, 75.6 m.; Oldtown to Pomeroy, 80.6 m .; total main lino, 275.8 miles, with trackage
(Penn. UR. system) Toledo to Walbridge, 5.5 m.; (L. S. A M . S. R y.),
Toledo to Rockwell, 2.5 m.; (P. C. C. A St. L. R y.) Columbus, O., 5 m.;
total main lino and trackage, 284.3 miles. Branches, 45.4 in.; leases W. A
J. B. R y., Dundas to Jackson and branches, 19.4 m.: Pomeroy Belt R y.,
Pomeroy, O., 2.4 m.; total, 351.5 miles; second track, 55.7 miles; total.
350 miles: second track. 50 miles.
HISTORY, Ac.— Successor Feb. 25 1899, per plan V. 6 8 , p. 231, of
Columbus Hocking Valley A Toledo Ry. foreclosed. The coal lands aggre
gate about 20,975 acres, and are covered by the consolidated mortgage.
DIVS.—
f ’01. ’02-’06. ’07. ’08-’ 10. ’ l l . ’ 12. ----------- 1913----------Percent------------ \ 1H 3 yrly. 3 ^ 4 yrly. 7 T'A I H 1M&4>4 e x . ----STOCK.— Tho pref. stock was paid off at par in 1910. V. 90, p. 976
1239, 1296, 1363. 1614; V. 91, p. 154; V. 92, p. 1032, 1701; V. 93, p. 1022
On Juno 28 1913 paid 4 >4% extra to make an avg. of 7% from Jan. 1910.
V. 9b, p. 1423.
BONDS.— The consols ($20,000,000 authorized), besides a lien on the
entire property, subject only to $3,8*12,000 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. 8 6 , p. 229. Substantially all of the bonds and stock of the Ohio Land
A Ry. Co. and the Wellston A Jackson Belt Ry., 18 miles, aro deposited
under said mortgago. V. 6 8 . p. 823. In Juno 1908 control of Sunday
Creek C o., which operates coal properties (see “ Industrials” ), was sold in
trust for stockholders of Hocking Valley. As to Kanawha A Hocking Coal
V
p °i j1" ' ^ v D 9 "enta*^”a*®°" se0®unc^aY Creek Co. V. 87, p. 815:
nr.Xa N°Y54.000,000 2 -year 4 >4% notes were sold to take up $3,250,
000 outstanding promissory notes and for Improvements. V. 93, p. 1259.
EARNINGS.— 10 mos..r 1912-13..-Gross, $6,338,692; not, $2,227,564
July 1 to April 30.
\1911-12...Gross, 5,984,635; net, 2,204.741
.
x c v i
.
o l
[V
IIUDSONScAJAAPIATFAIVJiJFt. CO.
A4AF> OS' SYSJTE7A4
R A IL W A Y STO C K S A N D
BONDS
THE NEWARK SERVICE IS OPER
ATED OVER PENNSYLVANIA R.R.
TRACKS BETWEEN SUMMIT AVE.
STATION, JERSEY CITY AND
PARK PLACE STATION, NEWARK.
June, 1913.]
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N I E S
[Fer abbreviations, & c „ see notes on first page]
H o o s a c T u n n e l & W i l m i n g — 1st M $250,000 auth g-OB
R o u s B e l t & Ter— 1 st M $5,000,000 g red 105 tcxtCco*
H o u s & Brazos V a lle y — 1st M (trus Merc Tr Co. St L)
llous B & W Texas— 1st M gu p & l by So Pao.-U n.o*
First mtge $3,000,000 gold not guaranteed...............
Hous & Tex C RR— 1st M 1gr g red 110 lnt gu Cc.o*&r
General mortgage gold Interest guar end..M p.c*& r
Waco & N W Dtv 1st M g $25,000 p m ----- Co.o*&r
Austin & N W (merged) 1st M g gu p & L .M p .c'& r
Ft Worth & New Orleans 1st M (Wax to Ft Worth)
Cut-ofT 1st M 53,000.000 auth (V 94. p 131) .........
Hudson Companies— Common stock $5,000,000----Pre£ 7% cum and partlc see text $16,000,000-----Secured gold coup notes not convertible----------Secured convertible gold notes----------------------do
do
d o --------------------------------------Hudson & M anhattan (Hudson River T u b es)—
New York & Jersey first mortgage red 110--G.O*
First mtgo $65,000,000 gold redeem 105...............Ce
Adjust inc M $33,574,000 red par cum beg 1920--d
Real estate mortgages
Car trusts $46,000 due seml-ann (V 8 8 , p 624) . . . Q
Car trusts ser B g due $25,000 s-a (V91,p 1253) G.o*
Car trust ser O duo $21,000 s-a (V 92, p 1025)— Q
Huntingdon & Broad Top— Common stock
Preferred stock 7% non-cumulatlve__________
First M extended In 1890 (Int only In gold)------(IP
Second M old 7s extended In 1895 p & l gold------GP
Third M consol extended In gold In lSOS.-GP-C*
Car trusts gold due $33 000 yearly(V 84,p 1424)-Iberia & Vermillion— First mtge gold-(dalio & Wash Nor— First M gold red text...........--IC
Five-year convert notes red text................ — G.c*
Idaho Southern— 1st lien notes part due y ’ly red 102 )4
M iles
Road
Date
Bonds
25 1892
1907
1907
1893
1893
1890
1890
1900
1891
1895
1910
'20
191
191
453
453
58
103
41
94
1910
1910
1902
1913
1913
1909
1910
1911
70
70
70 1854
70 1857
70 1865
1907
"l6 1893
113 1907
1910
1909
Par
Value
Rate
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Old Colony Tr Co, Boston
Central Trust Co, N Y
$1,000
$236,000
5S
1.000 4.868.000
100
200,000
1.000 2.513.000
5g
1,000
487.000
1,000 1.687.000
5e
1,000 4.161.000
I
1,000 1.105.000
1,000 1.920.000
709.000
1 000
6
1,000 2.383.000
100 5.000. 000
100 16,000,000
1,000 1.400.000
5g
1,000 8.000.
000£ *
1,000 2.607.000
5g
M
J
J
M
M
F & A Nov 15 1913
A & 015 Oct 15 1913
F & A Feb 1 1914
Harvey Fisk & Sons, N Y
do
do
do
do
5g
F
Guaranty Trust Co, N Y
London
do
do
1.000
5.000, ,000
F
500 &c 37,035, ,000
5g
500 &c 33,574, ,000 Up to 5 A
1.000
1,000
1.000
50
50
500
500
1.000
1.000
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1.000
ANNUAL REPORT.— Traffic Is mostly freight, and over 74% of this Is
bituminous coal. Average revenue train-load Is large— in 1912, 852 tons.
Report for year ending June 30 1912 In V. 95, p. 814.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Operating revenue................................. $7,303,679
$7,172,731 $7,783,033
N e t - . - - - ............................................... 2.724,637
2,572,685 3,043.204
O th er In com e .........................................
694,156
765,176
962,834
Gross corporate Income..................... $3,418,793
$3,337,861 $4,006,038
F ix e d ch a rges. & c ........ ........................
1,587,957
$1,505,130 $1,466,273
D iv id en d s on p r e fe rr e d ............................. ..............
- .........
533,028
D iv id en d s on common_____________ (7)7(0.000 (4) 440,000 (4) 440.000
Balance, surplus........ ..............
$1,060,836
$1,392,731 $1,566,737
OFFICERS.— Pres.. Geo. W . Stevens, Richmond, Va.; See., Carl Rem
ington; Treas., Jas. Stcuart MacKIo, N . Y.
DIRECTORS.— Frank Trumbull (Chairman): F. H. Davis, F. A.
Vanderlip and II. E. Huntington, N. Y .; Geo. W. Stevens and Decatur
Axtell Richmond, Va.; J. B. Zerbo and James H. Hoyt, Cleveland; P. W.
Huntington. S. P. Bush, R. S. Warner, Columbus. O.; Clarence Brown,
F. J. Reynolds, Toledo, O.— (V. 96, p. 1021, 1423.)
HOOSAC TUNNEL & WILA1INGTON R R .— Hoosac Tunnel. Mass.,
to Wilmington, V t., 25 miles. Made standard-gauge In 1912. V. 95, p.
1541. Stock, $250,000; par, $100. Dlvs.: In 1903, 2% ; year 1905-06,
3% ; 1910-11, 10%. Earnings for 1911-12, gross, $102,649: not, $35,913;
lnt. on bonds, $11,750; bal., sur., $24,163. Pres., John P. Kellas, Malono,
N . Y — (V. 95, p. 1541.)
HOUSTON BELT & 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.. New Orleans Texas
& Mexico (St. L. & San Fran.), Trinity & Brazos Valley (Col. Southern),
St. Louis Brownsville & Mexico! St. L. & S. F.) and Gulf Colo. & Santa Fe
(Atchison system), which each own 25 % of the $25,000 stock and, under a
99-year lease from July 1 1907, agree to pay, under a pro rata wheelago basis,
operating expenses, lnt. on bonds and annual sink, fund of 1 % of bonds
Issued. V. 8 6 , p. 285: V. 89, p. 1068; V. 92, p . 1310; V. 96. p. 652.
HOUSTON & BRAZOS VALLEY R R .— Owns Anchor via Velasco,
Tex., to Freeport and Lighthouso, 23.6 m.; trackage over Intern. & Great
Nor. for 5 years from Nov. 10 1912 from Anchor to Houston, Tex., 40 m.
The Missouri Kansas & Texas in April acquired a half Interest in tho stock,
B. F. Yoakum and associates being Interested also. V. 96, p. 1021, 1089.
Stock auth., $120,000; out, $21,000. Bonds, see tablo. For year 1911-12,
gross, $25,336; oper. dcf., $7,939; charges, $13,952. Pres., Charles E.
Ichaff.— (V. 95, p. 297, 1403; V. 96. p. 789, 1021, 1089.)
HOUSTON EAST & WEST TEXAS RY.— (See Map of Southern Pacific.—
Owns from Houston, Tex., to Sabine River at Logansport, 191 miles.
Stock $1,920,000. of which $1,919,100 owned by So. Pao. Co., which has
1 9 1 1 - 1 2 . out of accum. surp.
Guaranty, V. 70, p. 841; V. 71, p.236.
Year 1911-12 gross, $1,272,047; not, $364,006: other incomo, $30,634;
charges, $304,411; bal., sur., $90,229. In 1910-11. gross, $1,317,892; net,
$473,609 — (V. 78, p. 2384.)
HOUSTON & TEXAS CENTRAL RAILROAD.— (Sea Map of Southern
Pacific.)— Owns from Houston, Tex., to Denison, Tex., 338 miles; Hemp
stead, Tex., to Llano. Tex., via Austin, 215 miles; Bremond to Ross, Tex.,
55 in.: Garrett to Ft. Worth. 53 m.; Mexla to Nelleva, 94 m.; other. 34 m.;
total, Juno 30 1912, 789 miles. The Ilearne & Brazos Valley R R .. Hearno
to Stono City, T ex ., 19 miles, with branches, 2 miles, was purchased early in
1913. V . 96, P. 1089. Cut-off, Glddings to Stone City, 50 miles, completed
May 1913. Successor 1893 to railway foreclosed. V. 45. I). 792, 820.
STOCK.— Stock, $10,000,000, of which the Southern Pacific Co. owned
$9,998,400. par $100. V. 76, p. 1084, 1192, 1407. In 1902-03 a dividend
of 6 % was paid out of accumulated surplus; In 1910-11. 20%. V. 76. p.1407.
BONDS.— The bonds are being gradually reduced with proceeds of land
sales. The first mortgage was for $8,634,000.
Bonds may bo called
at 110 and lnt. with proceeds of land sales. See abstract of mortgage In
V 52. p. 242. Of the $5,068,000 consolidated 6 s authorized, $1,149,000
(on which no lnt. is paid) are held as part security for the general 4s. There
wero also Juno 30 1912 $450,000 Lampasas extension Interim 5s owned by
^ L ^ N D S 1— The Va^ds June 30 1912 held for cancellation of bonds con
sisted of 2848 acres; land contracts, $541,594. V. 65. p. 869.
Year 1911-12 gross, $5,899,428; net, $922,478; other income, $139,663;
charges, $1,253 962; bal., def., $191,821; 1910-11, gross, $6,658,503; net.
$1.588,161.— (V. 93, p. 1323; V. 96, p. 1089.)
HUDSON COA1PAN1ES.— Incorp. Jan. 9 1905 In New York
Holding
oompany for a large portion of the securities of Hudson & Manhattan R R .
Co. (sec below). Controls Greeley Square Realty Co., whose building at 33d
St and B’ wav. N. Y ., Is leased to Gl«ibel Bros. V. 90, p. 1614, 234; V. 91.
p. 1773; V. 8 8 , p. 748, 1127; V. 96, p. 197. Equities N. Y . properties
stated as $4,500,000. See readjustment plan of Hudson* Man RR.below .
SECURED CONVERTIBLE GOLD COUPON NOTES.— These notes,
which in May 1913 aggregated 312,007,000 (see tablo above), are all se
cured by deposit ot Hud, & Man. HR. Go. 1st M. 4 H% bds. under trust agree
ments; every $1,000 note being secured bv $1,500 ot bonds at par.
There is also a note, duo Oct. 15 1913, for $9,900,000, which was secured
by $13,725,000 Hudson & Manhattan R R . 4)4% bonds and $2,450,000
Greeley Square Realty Co. 5% bonds. ____
REPO RT.— Report for calendar year 1912, V . 96, p. 197. W . G. Oakman, Pres.: Wm. Henry Barnum. V.-P. & Treas.; W m. Everdoll, Sec.
Office, 02 Cedar St., N. Y .— (V. 96, p. 197, 202, 285.)
HUDSON & A1ANHATTAN R R .— (.See M a p .)— Owns and operates
doublo-tube electric tunnels opened In 1908 from Sixth Ave. and 33d St.,
N. Y. City, under tho Hudson River to tho D. L. & AY. R R . station,
Hoboken. N. J., and thence southwardly through tho Erie and Pennsylvania
R R . stations In Jersey City and under tho Hudson River to the Hudson
Terminal Buildings on Church St. (one block west o f Broadway), extending
Amount
Outstanding
59
&
&
&
&
&
&
&
&
1,207, 500
552, ,000
5
375, ,000
5g
357, 000
5g
1.371, ,750 See text
2,000 ,000 See text
416 ,000
\e
367 ,500
i5 ge
1.497, ,000
302 ,000
322 ,000
W M &
3,390 ,000
J &
1,200 ,000
M &
250 .000
6
Sept 1 1922
July 1 1937
July 1 1937
May 1 1933
May 1 1933
July 1 1937
Apr 1 1921
May 1 1930
July 1 1941
Deo 1 1925
June 1 1940
Feb 1 1932
Feb 1 1957
Feb 1 1957
165 Broadway, New York
do
do
165 Broadway. NewYork
do
do
do
do
do
do
do
do
do
do
Sept’ 13-Mch *19
do
do
do
do
Oct ’ 13-Oct ’ 20
do
do
Aug ’ 13-Aug ’21
Jan 28 1904 1% Phila office,No Am Bldg
Jan 25 1908 3 )4
do
do
do
do
Sept 30 1920
Feb 1 1925
do
do
Mch 31 1925
do
do
To Oct 1 1921
Phila Tr S D & Ins Co
Aug 11943
SoPacCo 165 B’way N Y
May 1 1932
111 Tr & Sav Bk. Chicago
Deo 1 1915
Guaranty Tr Co, N Y
May 1 1914
Commonw’h Tr Co.Pltt*
from Cortlandt to Fulton St. Total double-track tunnel in operation, 7.91
miles. Also affords through service between Newark and N . Y . City,
using Penn. R R . tracks from Jersey City to Newark. V. 90, p. 635, 1041;
V. 93, p. 871, 1259. 1462: V. 94, p. 1246. Owns the extensive Hudson Ter
minal Buildings. Fares, see V. 93, p. 1462; V. 94, p. 1507.
STOCK AND BONDS.— Under tho readjustment plan of Jan. 14 1913,
prepared by Kuhn, Loeb & Co., N. Y ., Robert Fleming & Co., London,
and Harvey Fisk & Sons, N. Y . (V. 96, p. 208), fixed charges were reduced
from $3,021,660 to $1,851,750 through the exchange of the old first 414s for
50% each In new first 5s and adjustment income 5s, and the $3,845,148 cash
requirements were met by an assessment of $ 8 50 per share on the stock, in
exchange for new bonds taken at 90, thus avoiding a forced reorganization
based on foreclosure. The managers also formed a syndicate to purchase
from the “ Hudson Companies" tho new bonds received by it under the
plan, so that it might be in position to take up its outstanding collateral
trust notes and participate in the plan. Tho plan of readjustment was
assented to In 1913 by about 99% of the 4)4% bonds and 97% of stock.
First Mortgage Dated Feb. 1 1913. Due 1957. 865,000,000 Authorized.
Now Issuable, 5% callable on any lnt. date at 105____________ $37,035,000
Reserved (Interest rate not to exceed 5% ) for—
(1) Retirement of N. Y . & Jersey R R . 1st 5s, 1932, callable
110 ($5,000,000), car trusts due Sept. 1 1913 to Aug. 1 1921
($1,263,000) and real estate mortgages ($1,207,500) not over 7,970.500
(2) Additions, betterments and equipment; also for exten
sions free from prior encumbrances, provided tho annual net
Income of the company Is 1 ) 4 times the interest upon the
new 1st M . bonds, incl. those then about to be issued, say. 13,994,500
___
(3) For extension to Grand Central Railroad Station on conditions stated In (2 ), not over____________________________ 6 ,0 0 0 , 0 0 0
Adjustment Income .Mortgage Bonds, Due Feb. 1957.—
Interest payable. A. * O. (on Oct. 1 1913 for 5 mos.) out of
surplus Income as ascertained by the board, and cumulative
from Jan. 1 1920, as stated in V. 96, p. 209. Due Feb. 1957,
but red. all or part on any int. date at par and int. Total
auth. and now Issued In part exchange for first mtge. b on ds.. 33,574,000
Capital stock undisturbed but paid 8)4% assessment, receiving
therefor $7 65 in new 1st 5s ($900 bonds for $1,000 cash)—
Preferred stock 5% non-cumulatlve_______________________
° ’242,151
Common s t o c k ............................................................ ............. 39.994,890
The deposited stock Is to be held for 5 years in a voting trust and
so long as the adjustment bonds shall not have received full 5% int. for the
preceding year, tho holders shall have the right to nominate or approve
up to one less than a majority of tho board.
Reports of Experts— Earnings for Calendar Year 1912.
Total net applicable to int. on the new bonds, after charging taxes
and adequate depreciation, and after taking into account the
saving or int. on obligations to be paid under the plan, &c____$2,567,782
Deduct— Interest on $37,035,000 new 5% 1st M . bonds...............$1,851,750
Amortization of debt discount, annual charge---------------------47,493
Bal. for int. on new 5% adjust. Income bonds (about 2 % )------ $668,538
“ Tho car and power equipment will care for a traffic 20% greater than
the present (1913), which traffic Is only about 40% of the total capacity
of tho existing lines." Fivo important reasons are given by experts for
believing that there should be an increase in the earnings, both gross and
not, in excess of normal rate of increase per annum, which in Greater New
York is about 6 % for the gross.
REPO RT.— Report for year ending Mar. 31 1913, with balance sheet
in V. 96, p. 1083, showed: Gross (R R .), $3,630,061; net, after taxes,
$2,112,483; other income, S981.922.
OFFICERS.— Pres., Wilbur C. Fisk: V .-P ., J. V. Davies; Sec. and
Treas., J. S. O’Neale; Comp., II. S. Corwin. N. Y . office, 30 Church St..
— (V. 96, p. 208, 553, 716, 108$, 1365, 1701.)
HUNTINGDON & BROAD TOP MT. RR. & COAL CO.— Owns from
Huntingdon, Pa., to Mount Dallas, Pa., 45 miles: branches, &o., 25 miles.
DEPOSIT OF STOCK.—Over % of stock has been deposited with 5
trustees (Drexel & C o., Phila., depositary) under agreement providing for
salo on or before April 1 1918 of same, which shall not be less than a majority
of tho outstanding stock (the pref. at not less than $50 and the com. at not
less than $25 per share.) V. 96, p. 420, 1021. 1297, 1488.
DIVS. ’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09-’ 12. 1913.
Common 0 0 0 0 0 5
1
0
0
0
0
0
Preferred 5 5)4 7
5
6
7 6 5)4 7)4 7 3)4
0
0
ANNUAL REPORT.— Report for 1912 was In V. 96, p. 1697.
Gross.
N e t.
Interest. Bal., surplus
1912........................$642,921
$176,131
S106.190
$69,941
1 9 1 1 ---.............. . 538.731
113,899
106,190
7,709
Pres. & Gen. M gr., Carl M . Gage.— (V. 96, p. 1488, 1697.)
HUNTINQTON RICHMOND & HAMILTON.— See page 138.
IBERIA & VERMILION RR.—Salt Mine Juno, to Abbeville, La.. 16
miles Stock, $300,000. of which $299,500 owned by Morgan’s Louisiana
& Texas RR . & SS. Co. (So. Pac.). Year 1912. gross, $89,695; net, $43,865;
other income, $10,789; charges, $28,775; bal., sur., $25,879. 1910-11,
gross, $86,841; net, $40,506.
IDAHO SOUTHERN RR.— See page 138.
IDAHO & WASHINGTON NORTHERN R R .— Owns Grand Jct.i
Ida., to Metaline Falls, AVash., 103.71 miles; Coleman, Ida., to Clagstonez
Ida. 6.54 m.; Grand Jet., Ida., to M cG uires,Ida..2.78 m.; total, 113.0°
miles; operates under agreement Idaho & AVcstern R y., McGuires, Ida-*
to Spear, AVash., 15.36 m.: trackage Grand Jet., Ida., to Ore. AY. R R . *
Nav. Jet. (O.AV. R R . & N av.), 20.55 m .; Spokane Inland Ry. Jet. J®
Spokane, AVashl) depot, 1.45 m.; total oper., 150.39 m. Controls Pe^a
d'Oreille River Nav. Co. Stock auth.. $5,000,000; outstanding, $3,17-.
100, SI ,500,000 of the remainder being reserved for conversion of 6 % notes
60
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
Illinois Central—Stock S123.552.000...........................
$100 $109296000
Leased line 4% stock guaranteed (see remarks)
100 10,000,000
4
First mtge of) Sterling bonds old Gs extend In 1895"
1875
2.500.000
£200
4g
1 8 7 4 for Sterling bonds extended In 1905
1875
1,000,000
£200
$15,000,000 4s of 1886 due 1951 gold
c*Ar
706 1886
1.500.000
1,000
4g
secures a l l 3 % s o f 1886 due 1951 g o ld .. c*Ar
1886
1,000 2.499.000
equally .U s 3s of 1895 due 1951 gold___ c*Ar
1895
£500,000
£200
3 g
(V 83, p 76) 3 %s of 1903 due 1951 gold__ c* Arj
0003 %
1903 1.000 Ac 3.000.
Trust bonds sterling (sec by Ch St L A N O cons) . U s
£200
5.266.000
1886
First M Sp DIv ref M (V 66. p 1237) gold. _ Us.xc* Ar
111 1898
1,000 2.000.
000
Kank A S W 1st M Otto to Normal June A br . _r
1,000
131 1881
968.000
5
«« Cairo Bridge bonds gold (see rem arks)-..U s.c*A r
1892
1.000 3,000.000
o g
St Louis Dlv A Term M ?10,000,000gold _Us.xc*Ar ^ 239 (1897
500 Ac
8.377.000
3%
do
$5,000,000 (see V 65. p 1173) g .U s.x c ’ Ar
1.000 4.998.000
11897
3 g
Underlying St LI Belleville A Carondelet 1st M ._c*
17 1883
1.000
470.000
6K
DIv A Terml-iSt Louis Southern 1st M g .B a.c*
1,000
30 1886
538.000
4g
nal mortgage.j Carb A Shaw 1st M gold____c*
17 1887
1,000
241.000
4g
Purchased lines 1st M $20,000,000 g old..U s.xc*A r
748 1904 1.000 Ac 12,000,000
3%
Refunding mortgage gold red (te x t)...G .x c * Ar* 2,187 1908 1.000 Ac 32.740.000
4g
Collateral trust bonds gold $__________ (Js.c'&r
857 1888
500 Ac 15.000.
000 4 g
Coll trust $25,000,000 gold on L N O & T .U s.c*A r
798 1892
500 Ac 25.000.
000 4 g
Western lines first mortgage gold________ Us.c*Ar
1,000 5.425.000
218 1895
4g
Ch St L A N () cons M ($18,000,000) g lnt gu._c*Ar
1.000 a 16.635,000
567 1881
6 g
do
guaranteed principal and Interest________
1,000
567 1897
1.359.000
3% e
Memphis DIv 1st M gold guar p A 1 (en d)..U s.c*
100 1889
1,000 3.500.000
4g
Loulsv D & T M $25,000,000 g ................... Us.xc* Ar
500 Ac 23.888.000
640 1897
3H g
Omaha DIv 1st M g $5.000,000...................Us.c*Ar
130 1900 1.000 Ac 5.000.
0003 g
LItch Dlv 1st M g $4.000.000...............................F.c*
1.000 3.235.000
98 1900
3 I
1 st lien eq M$30,000,000(lcss$7,515,000canceled) .Us
1908
All owned
4g
Equip tr certs g due $400,000 s-a red t e x t .............
1913
8.000.
0004 % g
Secured gold notes red text_____________________
1912
15.000.
000 4 % g
Iowa Falls A Sioux City— See statement of Dubuq
Sioux City.
a Includes $5,266,000 consol 5s pledged to secure
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
M A S Mch 1 1913
115 B’ way, N Y, A Lond
J & J July 1 1913
do
do
A A O Apr 1 1951
London, England
.1 A 1) Dec 1 1950
do
do
J A J Jan 1 1951
115 Broadway, New York
•I A J Jan 1 1951
do
do
M A s Mch 1 1951
London
A A o Apr 1 1951
New York and London
J A J
1 1950
Baring Brothers, London
.1 A J
1 1951
115 Broadway,New York
F A A
1 1921
do
do
J A D Deo 1 1950
do
do
J A J
do
do
1 1951
J A J
do
do
1 1951
J A D
do
! 1 1923
do
M <& S
do
do
1 1931
M A S
do
1 1932
do
J A J
do
1 1952
do
M A N
do
1 1955
do
A & O
do
do
1 1952
M A N
1 1953
do
do
F A A
1 1951
do
do
J A D 15
15 1951
do
do
J& D 15.
15 1951
do
do
J A D
1 1951
do
do
J A J,
1 1953
do
do
F A A
1 1951
do
do
J A J
1 1951
do
do
.. J
1 1923
F & A
’ 13-Feb •23 N Y off or Com Tr, Phila
J A JJ
1 1914
Ullnol s Centr al collate ral trust bo nds of 18 86.
of 1910; par $100. Bonds are subject to call, any or all, at 107% .from
N ov. 1 1912 to M ay 1 1917, and thereafter at 105; $3,390,000 bonds outmiles- SI.343,000 additional bonds are issuable
at $30,000 per mile o f additional road. V. 89, p. 411; V. 91, p. 1710.
The $1,200,000 5-year convertible 6 % notes may be called for payment
on Dec. 1 1912 at 105, Dec. 1 1913 at 104 and Dec. 1 1914 at 103. and con
verted at option of holder Into common stock taken at $85 and $90, respec
tively, on Dec. 1 1913 and 1914 and $95 on June 1 1915. See also V. 92,
p. 118. Car trusts Juno 30 1912, $74,793; loans and bills payable, $221,926
EARN ING S.— 10 mos., (1912-13.............. Gross, $569,224; net, $157,223
July 1 to Apr. 30.
\1911-12________ Gross, 387,821; not, 41,180
For year 1911-12, gross, $515,891; net, $31,781; other Income (def.),
$5,635; bond int., $241,500; rentals and other charges, $33,689; bal., def.,
$249,042. In 1910-11 (113 miles), gross, $712,706; net, $177,811. Pres.
& Tres., F. A . Blackwell, Spirit Lake, Idaho.— (V. 92, p. 1188, 659.)
ILLINOIS CENTRAL RR.— (See M a p .) — ROAD.— Operates from Chi
cago. 111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City. Ia.. 509 miles, with numerous branches, viz. (‘ which see):
Road owned in fee —■
M iles.
Leased— Control owned—
M iles
Chicago to Cairo, 111__ lMaln
Chicago St. L. A N. O. R R .,
Centralla, III., to E astlstem .. 706
Cairo, 111., to New Orleans__ 547
Dubuque. Iowa___ J
Line to Louisville, A c........... 671
Dubuque A Sioux City*_______ 761 Mem.,Tefin.,toMcm. Jet., Miss 08
Springfield to East St. Louis__
9 7 St. Louis Alton A Terre Haute.
231
Peoria, 111., to Evansville, Ind.,
Entire stk .oumed-Branches, A cl ,062
with 6 -mlle branch_________ 234
Trackage, & c _______________ 1 7 9
Indianapolis, Ind., to Effing
ham, 111. (Y. 93, p. 880).........177
Total operated July I 1912..4.763
HISTORY. LEASES. Ac.— Chartered In Dec. 1850. The company pays
to the State of Illinois 7% (for the 12 momths ending Apr. 30 1912, $1,180 819) of gross of the 706 miles owned In fee yearly In lieu of taxes. The Chi
cago St. L. A N. O. Is leased for 400 years from July 1 1882 at 4% per annum
on Its $ 1 0 ,0 0 0 , 0 0 0 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 Is operated inde
pendently. See that co. V. 8 6 , p. 6 6 8 : V. 8 8 , p. 1559; V. 93, p. 1668.
The entire stock of the Yazoo A Mississippi Valley R R ., 1,374 miles, Is
owned In the Interest of the Illinois Central, the latter also owning nearly
all of the bonds, which are deposited as security for Its own bonds. Report
for year ending Juno 30 1910 in V .9 1 ,p . 1242. Year ending June 30 1912,
gross earnings, $9,619,223; deficit under charges, $251,449.
In Feb. 1913 purchased all o f the stock o f the Chicago Memphis A Gulf
R R ., Dyersburg, Tenn., to Hickman, K y ., 52 m. V. 96, p. 420, 716.
CAPITAL STOCK.— The leased line stock Is secured by deposit of $10,
000,000 Chicago St. Louis A 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. 8 6 . p. 981, 1529.
In July 1912 Union Pacific owned $32,900,000 of the stock. V. 84 .P .51.
102, 570; V. 8 6 , p. 480; V. 90, p. 700.
DIVS. \ '87. ’ 8 8 . ’89. ’90. ’91-’99. ’00. ’01Sep.’04 ’05 to’ 12. 1913.
Com. stk
J 7
7
5% 6
5 yearly 5% 6 yearly 7 yearly Mch,3%
B 0N DS .— Cairo bridge. See adv. In "Chronicle,” May 7 1892
. Trhe
bonds of 1886 are secured by deposit of $5,266,000 Chicago St. L.
A New Orleans consols of 1881; also by a lien on the road. See V. 8 6 , p. 1343.
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. A Texas (now Yazoo A Mississippi Valley R R .), $16,
900,000 1st mtge. bonds, except $68,000, all the $9,104,000 mtge. incomes
and all land grant incomes outstanding, $6,553,277. See advertisement In
“ Chronicle” June 11 1892, and V. 54, p. 964; V. 61. p. 112.
Chicago St. Louis & New Orleans 5s have their Interest guaranteed (by
endorsement) until the principal Is paid. The 3 %s 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 SL Louis Division & Terminal bonds are for $15,000,000 authorized,
of which $5,000,000 are three per cents; $3,500,000 were Issuable for Im
provements, equipment, Ac., and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton A T. H. system;
Abstract of mtge. In V. 6 6 , p 138. See also V. 6 6 . p. 133; V. 71, p. 546.
Division & Terminal mtge. Is for $25,000,000: of the bonds
VVr
wcre. reserved to purchase the 46 m. (Cecilia br.) from Louisville
A Nashville and to retire the L. A N . bonds thereon. Chicago St. Louis A
„ e? / rle?5c took title to the Loulsv. DIv. and joined In making mtge. See
y i V 6 6 A p > i 3 b ’ for a b s t r a c t ; also “ Supplement” of Jan. 1899.
V. 65. p. 367,
M 6 : V. 6 6 . p. 133; V. 67, p. 581; V. 75. p. 671.
Of purchased lines 3%s of 1904 $14,662,000 have been Issued on 748
miles of subsidiary branch lines purchased (of which $2,662,000 were canSeooo
*911 and ref. bonds substituted therefor, and the remaining
?.5 t?3 8 jP °° *! reserved to retire at maturity $968,000 bonds of the Kankakee
&
du? 1921 (see bond table above) and $4,370,000 bonds
of the Chicago Madison A North. (231 m .), which are pledged for the coll. tr.
4s ol 1052. (See V. 71, p. 288; V. 79, p. 1273. 1642. 2588; V. 81. p. 1105.)
1 ho refunding mtge. gold 4s of 1908 (auth. $120,000,000) are subject
to call at 107 % and lnt. on aa7 Interest day beginning Nov. 1 1918. See
V. 87, p. 1357, 1420, V. 8 8 , p. 295; V. 92, p. 261, 527, 1636. Cover the main
line, the Chicago terminals, the so-called purchased lines, the Springfield
Division, the St. Louis Division, Ac., a total of 2.187 miles, subject to exlst' " Z ' ssues ° f bonds aggregating $61,766,000, lncl. $2,500,000 Chlo. Havana
A West. 5s and Rantoul RR. 5s pledged under 111. Cent, gold 4s of 1952.
Purposes for which $87,260,000 Refunding Bonds Unissued were Reserved
To retire a like amount of prior lien bonds.........
$ 5 9 026 000
Additional main track, tunnels and bridges, purchase of real
’
28 234 000
estate. Improvements, funding of Indebtedness, A c . __
8 ta! $ i n&;«secured,.on 1 1 3
When
Payable
[ V o l . X C V I.
In Jan. 1913 sold $8,000,000 4% % equip, trust certs, redeemable at 102%
after Feb. 1 1918. V. 96, p. 135, 553.
The $15,000,000 2-year 4% % notes dated July 1 1912 are callable July 1
1913 or Jan. 1 1914 fit 100% on 3 months’ notice; they are secured by ap
proximately $14,000,000 Central of Ga. Ry. Incomes and about $5,000,000
Cent, of Ga. stock. V. 94, p. 1626.
GENERAL FINANCES.— In Dec. 1911 an offer was mado to pur
chase the $15,000,000 Central of Georgia income bonds, of which $14 461 000 acquired. V. 93, p. 1667; V. 94, p. 1316. In June 1912 $15,000,000
2-year 4 % % notes were sold. See above. In Jan. 1913 $8,000,000 4 % %
equip, trust certs, were sold. V. 96. p. 135; V. 95. p. 618, 1039, 1684.
non nnnGA>
in 110,
J?A2 889).
oaol&horized a new mortgago for not to exceed
$oU,UUU,UUU
(V. ^95, p.
EARNINGS.— 10 m os.,(1912-13..Gross, $53,773,375; not, $8,952,669
July 1 to April 30. \ 1911-12..Gross, 48,926,546; net, 5,850,198
REPORT.— Annual meeting is held the third Wednesday in October.
Report for m i - 12 was in V. 95, p. 811. 823; editorial, p. 786.
(N otincl. Yazoo & M . V . R R . ) —
1911-12.
1910-11.
1909-10.
Average miles operated.......................
4,763
4,750
4,550
Passenger earnings................................$13,337,562 $13,168,863 $11,881,014
Freight earnings................................... 37.881.766 41.503,985 38,777,758
Mall, express, A c................................. 7,507,944
7,415.889 7,225,949
Total earnings....................................$58,727,272 $62,088,737 $57,884,721
Oper. Income (after taxes)...................... $7,812,719 $14,553,567 $12,004,674
Other income.............
5,403,584
6,714,705 5,284.609
„ Total net Income................................ $13,216,303 $21,268,272 $17,289,283
Interest on bonds.............
$5,840,895
$5,633,389 $5,602,860
Rentals, A c.................................
3,908,960
4,319,539 3,853,224
Dividends on stock (7 % )...................... 7,650,720
7,650,720 7,650,720
Additions and betterments_________
61 482
164 847
Balance, def. or surplus...................def.$4,245,754sr.$3.499.777 sur.$182,478
OFFICERS.— Pres. Chas. II. Markham; V.-P. A Gen. Mgr., W. L.
Par*>
(traffic), I . B. Bowes; V.-P. (purchases), C. F. Parker; V.-P.,
A - G- Hackstaff; Sec., D. R. Burbank; Treas., E. T. H. Gibson. Gen.
office, Chicago, 111.; N. Y. office, 115 Broadway.
pn?
n
err Luttgen, John W. Auchlncloss, C. H. Markham,
Cornelius VanderbBt. J. Ogden Armour. Chas. A. Peabody, R. W . Goelet,
, 9‘ Sfle,dd> A - G. Hackstaff, R S. Lovett. II. W. de Forest, Philip
Stockton and, ex-officio, Hon.Chas.S. Deneen, Gov. of 111.— (V. 96, p.1228.)
ILLINOIS SOUTHERN RY.— See page 138.
ILLINOIS TERMINAL RR.— Owns road Alton ,111., to Hartford, 6.50
miles; Gotten to Leclalre, 111., 3.45 m.; total, 9.95 miles. Leases from
Wabash R R . Hartford to Edwardsvlllc Jet., 6.80 m., and Edwardsvllle
Jet. to Edwardsvllle, 2 m. Stock, $500,000; par, $100. Dividends. 4%
In 1911-12. Year 1911-12, gross, $234,481; net. $96,155; lnt., A o„ $31,449;
dlv. (4% ), $20,000; bal., $44,706. Pres.. Geo. M. Levis.— (V. 79, p. 2205.)
INDIANA CREEK VALLEY RY.— See page 138.
INDIANA HARBOR BELT RR.— Owns Whiting, Ind., to Blue Island.
III., 14 miles; McCook to Franklin Park, 111., 10.5 m.; Argo to Union Stock
Yards, Chicago, 10.6 m.; State line to Grasseli, Ind., 5.6 m.; branches, 4.7 m;
total owned. 45.5 m.; operates under trackage 59.4 m.; total, 104.9 m.
Stock outstanding, $2,460,000, of which Lake Shore A Mich. Sou. and
Mich. Cent., which guarantee the bonds, own 60% and Chic. MIlw. A St. P
and Chic. A Northw. 40% . V. 93, p. 164. Of the bonds ($25,000,000
authorized Issue), $2,500,000 are reserved to retire the Chlo. Ham. A
Western 6 s and $725,600 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 Chlo. June. Ry. bear Interest at 2% yearly
from July 1 1907 for 5 years, then 3% for 5 years, then 4% to maturity.
V. 8 6 , p. 108. Notes outstanding Dec. 31 1911, $2,237,693. For cal. year
1911, gross, $2,452,471: net, after taxes. $566,744: other income, $85,956;
lnt., rentals, Ac., $778,916; bal., def., $126,216.— (V. 93, p. 164.)
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 R R . of Indianapolis— 9.40 m. (which see). Clev.
Cincinnati Chicago A St. Louis, the Pittsburgh Cincinnati Chicago A St.
Louis and the Vandalla RR. arc virtual proprietors, they having Invested
m it $1,056,426 to June 30 1912. No stock outstanding. Favorable deolslon Sept. 1910, V. 91, p. 1511. In 1911, gross. $445,147; total deduc
tions, $442,072; bal., sur., $3,075.— (V. 83. p. 213: V. 91. p. 1511.)
INTER BOROUGH-METROPOLITAN CO.— ORGANIZATION.— Incorporated on Jan. 24 1906 as an amalgamation (per plan V. 82, p. 217, 280) of
£oo «?keo ^ r0 .uF^ BftP!? Transit Co. and Metropolitan Street R y. Owns
$33,912,800 of the $35,000,000 stock of the Intcruorough Rapid Transit Co
and about $15,256,743 of the $17,495,060 stock of the New York Rys Co
successor Jan 1 1912 (per plan, V. 93, p. 1533) of the Metropolitan St. Ry!
v - ?i.f p ‘
,y.
P -'47. See fnterborough Rapid Transit Co. below
and New York Railways In "Electric R R . Section."
873.46 M iles of Single Track Owned by Companies Comprising System.
Interborough Rapid Transit Co., subway___________________ 81.94 miles
Elevated (Manhattan Railway, leased).......................- ............... 118.03 miles
Surtace lines owned or controlled by Interb. Rap. Tran. C o ..154.03 miles
New York Railways Co. and subsidiary companies--------------- 519.46 mile
STOCK.— Pref. votes while dividend is unpaid. V. 82, p. 217, 280.
to jTne1l'913IV ID E N D S -_J,'Iy 2 1 9 0 6 t 0 Jl‘ Iy 19° 7, 5% yrIy” uone s i n c 0
VOTING TRUST.— Over 80% of the common and 65% of the pref.
are deposited under a voting trust agreement to March 6 1916, subject to
termination In the discretion of the voting trustees, viz.: August Belmont,
Ldward J. Berwind, Andrew Freedman, Theodore P. Shonts and Cornelius
Vanderbilt. V. 92, p. 461. 527, 659. 1108: V. 94 p. 911. • •
. .
62
R A IL W A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N I E S
[ F o r a b b r e v i a t i o n s , & c . , s e e n o t e s o n f i r s t p a ffe ]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[ V o l . X C V I.
Last Dividend
and Maturity
Illinois Southern— 1st M gold 53,000,000
FC c
135 1911
$1,000 $1,699,000
5 g
J
& D June 1 1951
Income bonds $1,380,000 authorized
i c 'c
1,000
1.380.000
June 1 1951
Illinois Terminal— 1st M $500,000 gold r e d ' p a r I C Text 1905
1,000
450.000
5 g " j ” & ‘ J Jan 2 1925
Illinois runnel Co— See Chicago Subway Co.
Indian Creek Valley Ry— 1st M red 1917..
c&r
1907
1,000
265.000
6
J & D June 1927
Jndjana Decatur & Western— See CIn Ind & Wes'tern
Indiana Harbor Belt— Gen M $25,000,000 g .G .x c'& r
1907 1.000 &o 2.500.000
2-4 g
&
J July 1 1957
A**
do
do
do
1907
1.725.000
4g
&
J July 1 1957
Chic Ham & W first mortgage gold assumed.’ Io*&r 27.48 1897
500 &c 2.500.000
6 g
J &
J Jan 1 1927
Indiana Illinois & Iowa—See Chicago Ind & South.
Indianapoljs & Louisville— See Chicago Indianapolis & Lou Isvllle
Indianapolis Un— 1st M gold s I not callable
FP c*
93 1886
1,000
928.000
4>S g M & N May 1 1926
‘ nJ5£3or,9u
Co— Com stock $100,000,000 auth.
100 93,262,192
• Pret stk 5% cum (also pret as to assets) $55,000,000
100 45.740.000 See text
Q—J July 1 ’07 I H %
C° £rusJ bonds g seo by Int R T stock sf texto*&r
1906 1 . 0 0 0 &c 67.825.000
4 4* g A & O Apr 1 1956
• Coll trust notes $15,000,000 gold call 1 0 2 ... Ba.c
1907 1 . 0 0 0 &c As collatera
J & J July 1 1913
• Collateral trust notes extend In 1908, '10, ’l l and '12
1907
2.039,520
July 1 1913
Five-year notes (V. 91, p. 38: V. 92, p. 183)
1910
4,000,000
6
J & J July 1 1915
Two-year loan (sec by 815,400,000 N Y Rys stk)
1911
1.817.000
6
Deo 22 1913
Interborough Rapid Transit— Stock $35.000,000____
100 35.000.
000 text
Q—J J’ly l 1913 2 4*%
Gold M called for payment at 105 Nov 1 ' 13 Q.xc*r*
1907 1 . 0 0 0 &c 33,020 000 See
5 g M & N Nov 1 1913
1 st* re fM 8300,000,OOOgs f red 110 (text)Q.c*&r*
1913 1 . 0 0 0 &c See text'
5 g J & J Jan 1 1966
International & Great Northern— Securities to be outs tand’g under reorganlz atlon plan.
■Common stock, see text__________________________
100 See text
Preferred stock (p & d) non-cum (see text)______
100
3.400.000 See text See text Jan 2 1913 4%
■First mortgage gold...................................................... 1.109 1879
500 &c 11.291.000
6 g
M & N Nov 1 1919
■Colorado Bridge bonds sinking fund____________ F
1880
1,000
209.000
7
M & N May 1 1920
■ 1st refunding M $50,000,000 gold red 110.............Ce 1.109 1911
$ £ fr
See text
F
& A Aug 1 1941
Three-year 5 % secured notes redeemable 101 g ..C «
1911
1,000 11.000.000
f* F & A Aug 1 1914
Equipment trust ctfs due 819,000 s-ann_______
1908
1,000
209.000
Oct ‘ 13-Oct '18
Intern Rys of Cent Am— Ordinary shares_______
100 30,OIK).000
Preferred stock 5% and partlc see text__________
100 10,000,000 See text See text M ayl5'13 1 H c.
Guatemala Central 1st mortgage gold_________ Fin 142 H 1886
1,000
$2,500,000
6 g
V & O Apr 1 1916
Internat Rys (2d M on Guat Cent)_____________
1421 1912
1,000 3.500.000
5 J & J lan 1 1972
First mtg g red 102K .........................................Em.x
1912 £ , fr. &c £1,000,000 2 to
5 g M & N May 1 1972
do
do
do
_________________
1913
506.000
Interoceanic Ry of Alex— 1st pref stk, 5% non-cum”
Stock £1,400,000 5 In 1912
text Nov 14 1912 5%
Second preferred stock 4% (V 87, p 1160)..
”
Stock £1.000.000 2 In 1912 See
See text Nov 14 19122%
4 % debenture stock subj to call at par £1,150,000
£1.150,000
4
M
& S 15 Sept 15 1950
Ordinary stock___________________ .
Stock £1.700.000
BONDS.— The collateral trust 4 4*s of 1906 (Windsor Trust Co N V
trustee) are secured by pledge of all the stock of the^ Interborough Rapid
Transit Co. or voting trust certificates therefor acquired at the rate of si nno
in bonds for $500 Interborough Rapid Transit Co aiock V 82 p 2 8 0
A sinking fund (provided by increased distributions on Interbo’r. Rapid
Transit stock) was established In June 1910, $300,000 to be appropriated
yearly out of surplus income after Interest and taxes to purchase bonds at
not over par, bonds acquired to be kept alive In the sinking fund. The
fUThe * tSrCnnAnnno ' 'n 11*excf e^, 540,000,000 by 1956. V. 93. p. 666.
lateral 515.000,000 coll, trust 5% notes of 1907 extended In 1910 (see colV8,4’ / , i,2i 8) • are PledKed to secure $2,039,520 6% notes (extendl p p r n n T y y 913l , V ’ 8 * ‘ P- J401: V. 86, p. 1285; V. 95. p. 1745.
f.or year cn<Un8 June 30 1912, In V. 95, p. 747. Total
3’ 831: bit., taxes, &c., $3,628,524; bal., surp., $2,125,307.
n
Pres., T. P. Shonts; V.-Ps., H. H. Vreeland, E. Mora
P^ylson. D - W. Ross; ;Sec., H. M. Fisher: Treas.. J. H. Campbell. Office.
165 B way, N. Y .— (V. 94, p. 1695; V. 95, p. 747, 1745; V. 96, p. 1629.)
. , 1‘^ ESRB0R0UGH RAPID TRANSIT CO.— [See M a p ). — Incorporated
May o 1902 in N. Y „ and Is now operating municipal tunnel R R . In N. Y
City, extending, with two tracks, from the Flatbush Avo. station of L. I
KK., Brooklyn, and also from the Battery, Manhattan, to Bowling Green,
and thence to City Hall, and as a four-track line from the City llall (with
two-track loop at that point) under new Elm St., Fourth and Park Aves.,
to 42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack lines, partly viaduct, [a) from 103d St. on the West Side to Van Cortlandt Park, (b) from 103d St. to Bronx Park; in all about 85 miles of
track (incl. 12 in. sidings, & c.), on 25>4 miles o f road, (of which 184* sub
way and 7 elevated). Also leases Manhattan (Elevated) Ity., 118 miles.
Owns stock of N. Y. & Queens County R y., 74 miles, and (Jointly with
Long Island RR.) the N. Y. & L. I. Traction Co. and Long Island Elec. Ry..
total. 62 miles. V. 80, p. 2621; V. 83, p. 818; V. 86, p. 1100.
NEW LINES.— On Mar. 19 1913 an agreement was signed between
the city and this company (V. 94, p. 1507, 1566; V. 96, p. 62, 359, 1701)
and the Brooklyn Rapid Transit Company, providing for expenditures
aggregating about $325,000,000, for the establishment of comprehensive
dual systems of rapid transit serving all boroughs.
Lines to be Operated by Interborough Rapid Transit Co.
„
Road Track. Track
Total
Exclusive of Manhattan R y . andSidings)— M iles. Subw.
Elev. Track.
Company’s present lines.........................................25.7
New, to be built Jointly by city andcompany. 48.5
56.1
75.6
16.9
71.5
73.0
147.1
T otal.................................................................... 74.2 131.7
88.4 2 2 0 . 1
The new lines (being built Jointly) here Include: (1) Lexington Ave.
subway extending,with 4 tracks, from a connection with the present subway
south of 42d St. northerly to l35th St. In the Bronx, there forking (a) to
Jerome Ave. with 3-track elevated extension thereon to Van Cortlandt Park
and Woodlawn Cemetery; (b) as a 3-track subway via 138th St. and South
ern Boulevard to Whitlock Ave., thence as a 3-track elevated road to Pel
ham Bay Park. (2) 7th Ave. subway (4 tracks) connecting at its northern
extremity on 42(1 St. with a line to the Steinway tunnel (which became
the property of the city and is leased by.jthe Interborough), alTording access
to Long Island City, and thence via new elevated lines to (a) Ditmare
Ave.; (b) Corona and Woodsldc. The 7th Ave. subway will at Its southern
end divide so as to reach both the Battery and, (via a new tunnel under the
East River to Clark St., Brooklyn, and the present subway,) the Flatbush
Ave. (L. I. RR ) depot, whence It will run with 4 tracks along Eastern Park
way to Buffalo Ave., with 2-track elevated extension on Livonia Ave. to
New Lots road. Manhattan R y.is to have third track on 2d,3d and 9 th Aves.
Cost to City and Company— Company's Total Requirement, $154,497,050.
„
City.
Company.
Total.
Cost of new subway con stru ct------$66,000,000 *$56,260,000 $122,260,000
21,000,000
21,000,000
Cost o f equipment.......................................... ..
Manhattan Ry. (3d tracking, and extensions!.
27.696,050
27,696,050
Refunding all obligations.................................
49,541,000 49,541,000
* Not over this amount (including contribution of Stein way Tunnel under
East River at $3,000,000, city to meet any further cost (V. 96, p. 135.
„ The ’‘refunding’ ’ includes the $33,020,000 gold M . 45-year 5s (except
$1,063,000 in s. fd.). called for payment at lOo on N ov. 1 1913 and $15,OO0,0o0 renewal notes o f Jan. 29 1913.
Subway Leases, N ew and Old, to Run 49 Years— Re-Capture.
I he lease by the city to the company o f the new subways is for 49 years
from Jan. 1 1917, but if their completion should be delayed through no
fault of the company, the beginning of the term will be correspondingly
postponed; subject, however, to the city’s right of re-capture after 10 years.
lh e leases of the existing subways are modified so as to expire contem
poraneously with the lease of the new subways, but are not subject to terndnation by notice except as portions thereof may bo taken over in substltu
tion lor the 7th Ave. branch or tho Lexington Ave. branch of the n
sub
ways in order to complete a direct longitudinal lino, either upon tho East
Side or upon the West Side of the city. As to tho old contracts, Nos. 1 and
2, see this Section, issue of Feb. 1913 and V. 96, p. 1701.
, l o o authorizations and licenses for the elevated railway extensions and
additional tracks are for 85 years from the beginning of operation, and are
respectively subject to the right of the city to purchase and to take tho prop
erty at any time after 10 years upon payment therefor.
Sale of $170,000,000 New First Mortgage 53- Year 5% Gold Bonds.
To cover the company s requirement under the plan there have been sold
to J. P. Morgan & Co., and through them to a syndicate, $170,000,000 new
1st M. 5% 53-year gold bonds, to be taken and paid for In four yearly Installments.viz.: In 1913, $78,000,000; 1914. $30,000,000; 1915, $30,000,000;
1916, $32,000,000. Seo V. 94. p. 1507, 1565. 1249; V. 96, p.1228. In
Juno 1913, however, it was hoped that $162,000,000 bonds would cover tho
requirements of tho plan. See below.
Cum. sink, fund o f not less than 1% yearly will begin not later than
July 1918. Bonds may bo drawn for sinking fund at 110, or bought in tho
market at a lower price. By the operation o f tho sinking fund the whole
issue will be amortized during tho term of the lease.
Places Where Interest and
Dividends are Payable
First Tr & Sav Bk, Ohio
Illinois f r ’&’sa v ’ B kl’Ch
Pittsburgh, Pa
New York
New York City
Central Trust Co, N Y
Fidelity Trust Co. Phlla
Windsor Trust Co, N Y
Bankers Trust Co, N Y
do
do
Belmont & Co, New York
165 Broadway
Office, 165 B'way, N Y
Equitable Tr Co, N Y
Office. 165 B’way, N Y
Now York
Equitable Trust Co, N Y
Office. 17 Battery PI, NY
do
do
EmplrcTrCo.NY.Lon, &c
London
do
do
-i.fi-i-r C? n ° f w !,1a,„oxercso its right o f re-capture of any of the now lines,’
will
of °Peration, the moneys so payable
will require all outst g bonds issued for constructing and equipping samo.
C om pany s
C u m u la tiv e
P rio r
C la im
on
N e t E a rn in g s
D u rin g
L ife o f L e a s e .
, . . Ti rorn net earnings, after payment of rental and taxes annually l
“ ^ f na.r? laP f?,f oId ancl ue'v subways (x) tho average
annual profits froni the present subwav during the two years
U 6 % ,0 0 0 ; <») 5% int. and 1 % skg.e?cL
on $80,000,000, the agreed amount of company’s investment
/•o\nnn0'v Sl‘ bway? and equipment, $4,800,000..
« i i 135
( 2 ) I-rom net earnings present elevated lines and elevated oxYonsions and third tracks to be added, (x) Intorest and 1 %
sinking fund upon the $24,696,050 of now capital for elovated
railway extensions and connections and equipment and in-
000
l W
i Z 1 t t a n $it,547,35l!
^ . ° “ ded _J “ “ 30 ’ 3 281 351
1 otal prior claim on net earnings after taxes and rentals
4 . 41 ft qki
Add company s miscellaneous income, at present annually 1111
353,000
Interior 7Ai<v\m,Unf 9 e? Ir>como available for int. and sink, fds..$14^7697351
For*the
fc}i
on 5162,000,000 bonds calls for $9,720,000
properties
enc
“ ^ne JO *913 the net earnings from present
Income^xvill*i^umvi/S1??118* fF°5a the Manhattan Ry. lease and other
6% mdn thn i l i 8 oftlcia' y stated. approximate $9,534,000 (or practically
the above-mentioned $162,000,000 bonds), as against Anaverago
snh.v.’. t i5’ . , the two years ended Juno 30 1911, while when tho now
tho fo.3^ rant elevated extensions are completed, it is estimated that for
,,,,,, L ,it live years the annual net earnings available for interest will aver
age $13,088,000 and for tho fifth year will amount to $15,490,000.
interest during construction forms part of cost of work,
vvnen the profits from tho operation of the subway system exceed tho
amount or the company’s annual prior claim, and after all accumulated doauctions (with interest thereon) shall have been madeup to tho company,
tne profits then remaining are to go to the city until the percentage of the
city s return upon Its investment shall equal the percentage of tho return
received by the company; and thereafter excess profits will be divided
equally between tho city and the company. The profits from tho elevated
systemand connections, after all the company's accumulations shall have
Deen made up, aro to be divided equally between tho city and tho.company.
CONTROL.— In Deo. 1907 $33,912,500 of the $35,000,000 stock hau
been exchanged for 200% in 4
collateral trust bonds of the Interboroug#
Metropolitan Co. (which see above), secured by the stock exchanged.
DIVS.—
f’04. '05. ’06. '07 t o J u l y ’ 11. O c t : 11. ’ 12.
1913.
Regular----------- 2
83
4 8>S 9 yearly
2H
10 2>*.2^ . 244,Dxtra-------------- 1 __ ____ ________
1
5
May, 2
Extra 5% in 1912 was from profits of Construction Co. V. 9 4 , p. 1695.
n n S ° ^ Dm’TrJ.h^ ‘AIAirst^and Ref. M tge.” of 1913 is limited to $300,000,0 0 0 , of which $170,000,000 was underwritten early in 1913, as stated above;
in June 1913 it.was hoped that only $162,000,000 would bo needed to carry
out the plan, $30,000,000 thereof being outstanding in M ay 1913. In
holders or tho 45-year 5s called for payment at 105 Nov. 1 1913 were
offered tho right of exchange. Sec full description in V. 96, p. 1701.
The new bonds will after Nov. I 1913 bo a first lien on all leasehold and
other rights of tho company in (a) the existing subways and elovated lines
(including power houses, sub-stations, equipment, real estato and other
ui an_
ini estimated
cstiiiiaucu ag
property of
aggregate value of about $40,000,000, owned
directly by the Interborough
t o.,suujecr to the
ine city’s
city s rights
nguis under
uuuci tno
mu lease)
icaso)
;h Co.,subject
and (6) in tho now subway and elevated line extensions and in tho author
ized additional tracks on the present elevated lines. Tho existing siibway
lines cost about $66,500,000 (exclusive of tho power houses, sub-stations
and equipment above mentioned, which cost about $36,450,000 additional);
the estimated total cost of tho new subways is $123,000,000; of tho equip
ment for tho initial operation of tho new subways, $22,000,000, and of tho
elovated lino additions and extensions, $27,696,050.
EARNINGS.— For 10 months ending April 30;
1 0 ,0
,0 —
Gross
Net [after
_ Taxes.)
Other
Chges. [incl.
Balance,
Income. M unh.guar.).
Surplus.
5 1 4 ,2 7 4 ,2 8 6
$ 3 7 1 ,9 4 2
$ 1 1 ,8 4 1 ,9 1 9
$ 2 ,8 0 1 ,3 0 9
2 5 -9 8 6 ,7 8 4
1 3 ,4 9 0 .0 0 0
3 1 3 ,4 2 5
1 1 ,7 9 2 ,2 8 1
2 ,0 1 1 ,1 4 4
R E P O R T . — R e p o r t f o r y e a r e n d i n g J u n e 3 0 1 9 1 2 , V. 9 5 , p . 6 1 4 , 6 7 7 .
Year ending June 3 0 —
1 9 1 1 -1 2 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
Gross operating revenue...................... $31,246,392 $29,767,352 $28,987,648
O p e r a t i n g e x p e n s e s ..............................................
1 3 ,0 4 7 ,8 0 2 $ 1 2 ,3 6 8 ,9 8 2
$ 1 1 ,0 1 3 ,1 4 3
T axes............ .......................................
1.979.431
1,925,090 1,750,422
Income from operation___________ $16,219,159 $15,473,280 $10,224 0 8 3
N o n -o p e r a tin g
I n c o m e ...................................
1 .3 0 5 ,2 0 0
3 3 9 ,9 1 5
4 1 1 ,0 2 4
Gross income.................... .............. $17,524,359 $15,813,195 $l0.035!l07
Tota deductions................................. $11,000,593 $10,673,158 $10,552 900
Dividends.......................................... (15)5.250.000(10)3,500,000 (9)3,150,000
Surplus................................................ $1,273,766 $1,640,037 ’ $2,932,147
DIRECTORS.— August Belmont (Chairman), W. Leon Pepporman, An
drew Freedman, John Peirco. Geo. W. Young, William A. Read, Cornolius
Vanderbilt, Edward J. Berwind, H, M. Fisher, Gerald L. Hoyt, Tnco. P.
Shonts, F. d e C . Sullivan, New York: and Gardiner M. Lane, Boston.
Pres., T. P. Shonts; V.-P., Frank Hedicy, David W. Ross; S’co., II. M.
J'*sher; Treas., John II. Campbell. Office. 165 B’way, New York.—
(V .9 6 ,p . 135,359,487,653,716,863,947, 1089, 1228, 1297.)
J N iT E 8 NA r , 0 N A I - & O R E A T N O R T H E R N R Y .— (See Map Missouri Pa
cific.)— 1 otal system July 1912, 1,159 miles, viz.Lines owned—
Miles.
"Lines
—
owned (concl.)—
M iles.
Long ViewJct., Tex., to Houston 232 Magnolia Park Terminal_______ 10
Palestine to Laredo.
4 1 3 Sundry branches_______________ 129
Spring to Ft. Worth, T.&P.Conn.272
Joint trackage—
M iles,
Houston to East Columbia breh. 50 Galv. Houston & Henderson,etc. 63
J u n e , 1 9 1 3 .]
RAILW AY STOCKS AND BONDS
HOBOKEN W eeha
r_vott
if AVE.
Broadway
ClAREMON'
PARK ^
CR°TOfMS
parkI^I
I
RUFFALO ave .
IN T E R B O R O U G H R A P ID T R A N S IT
CO M PANY
M A P
SHOWING PRESENT SUBWAY AND
ELEVATED LINES
AND PROPOSED EXTENSIONS
Subway Shown
Elevated Shown
64
R A IL W A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, ifee., see notes on first page]
Interoceanic Ry of Mex— (Con)
Debenture stock 7% “ B” subj to call 120 no:
Second debenture stock red at 105 since 1911
Mex E deb stock £450.000 guar red at 105 beg 1914
Iowa Central— See Minneapolis & St Louis
Jacksonville Term— 1st M gold guar $500.000.Mp.c'
Jamestown Franklin & Clearf— IstM guar. __G.xo*A]
Jefferson— 1st & 2d Ms ext in '87 A ’89 (H’dale B r)..(
1st M g ext 1908 red 105 gu p A I............ ..
FP.c'
junction (Philadelphia)— See Pennsylvania RR
Kanawha B'ge & Ter Co— 1st M g redl05 beg’ 10 sf , .
Kanawha & Coal River—Joint M $750,000 gold s f . .
Kanawha & Mich—Stock $10,000,000.........................
1st M $15,000 per mile g guar p A I________ Ce.c
Second mtge $2,500,000 auth gold red p a r .. Uxc
Equipment bonds due $23,000 semi-annually____
do
do
..
do
gold $60,000 s-ared par (V. 94”, p . 1695) i f i.
Kanawha & West Va— First M $5,000,000 g text-.c*
Kansas City Belt— See Kan City Terminal Ry
ansas City Fort Scott & Memphis Ry—
Ref M $b0,000,000 gold guar p A 1 end.B a.xcA r
Kansas City Ft Scott A Memphis RR cons M.NB.c
Current River RR 1st M $20,000 p m guar___ NB
Kans Cy * M Ry A Bdge 1st M g s f drawn at 110_o*
Kans Cy Mem A BIrm gen M $4,500,000 our__ OB.c
Income non-cumulatlve___________________ OB.c
do
stamped fixed Interest redeemable te x t..
Blrm Belt 1st M gold red 102H guar p A 1 end..O B
Equipment notes Series A due $65,000 seml-ann__
do
Ser B $85,000 due s-a (V 81 p 1044).-Ba
K a n City & Memphis— Ark Okl & W 1st M g-.U sm
K C & M mtge g $18,000 p m red 107 H sf._MSt.xc*
b Includes $287,000 held alive In
Miles
Dale
Road Bonds
...
31
8
37
96
...
—
Par
Value
Amount
Outstanding
£100
£469,459
£10C £ l,3 i-0,000
£100
£400.000
Rate
%
7
4^
5
When
Payable
1,000
1,000
100
1,000
1,000
1,000
A J
A I)
A J
A ()
A S
A N
1890
1907
__ 1906
__ 1909
__ 1912
35 1905
1,000
1,000
500,000
Og
A A
750,000
M A
5 g
9.000,000 Seo text J &
2,469,000
4 g A A
2.500,000
5g J A
161,000
5
F AA
108,333
5
M &
1,080,000
A
4X g J
1.000,000
5g J &
162 1885
1,000
3,274.000
164
0914
26
715
82
3
285
285
285
21
30
56
1901 1,000 Ac 25,835,000
1882
1,000
390,000
1888
1.000 13.736.000
1887
1,000
1.606,000
1889
1.000 53,000,000
500 Ac 3.323.390
1894
1894
500 Ac
293,780
1894
500 Ac 6,029,000
1902
1.000
1.000.000
1905
195,000
425.000
1905
1,000
1.000
300,000
1907
1,000
540,000
1911
5g
Last Dividend
and Maturity
7 ’ l l - ’ 12 Sept 15 1950
M A N 30 1950
J A D 15 Jan 1 1984
$1,000
1894
$500,000
5g J
1909 1,000 Ac 11,000,000
4g J
1,000
1867
300,000 4H A 6 J
1,000 2,800,000
1889
A
5g
1,000
1905
550,000
5g
M
1910
1 .0 0 0
650,000
4H e M
1908
15 1904
[ V o l . X C V I.
A
A
London
4>$ in 1911-12
London
July 1 1939
Guaranty Trust Co. N Y
June 1 1959
Grand Cen Term, N Y
July ’27-Jan '29 Fidelity Trust Co, Phlla
Apr 1 1919
Erie R R , New York
Sept 1 1925
U S Mtge & Tr Co, N Y
May 1 1940
Phil Tr, S Dep & Ins Co
O Apr 1 1948
S Sept 1 1924
D J'ne30’ 13,3H%
O Apr 1 1990
J July 1 1927
15 Aug 15 *13-’ 16
N May l 1917
J Jan ’ 14-July ’22
J July 1 1955
Fidelity Trust Co, Phlla
Bankers Trust Co, N Y
J. P. Morgan A Co, N Y
Central Trust Co, N Y
J P Morgan A Co, N Y
Sup Sav A Tr Co. Cleve
Northern Nat Bk, Toledo
O Oct 1 1925
Old Colony Trust, Boston
A A O Oct 1 1936
F A A Aug l 1922
M A N May 1 1928
A & O Oct 1 1927
A A () Oct 1 1929
M A S Mch 1 1934
Sept. Mch 1 1934
M & s Mch 1 1934
5
A A 0 Oot 1 1922
4 g
4H g J A J To Jan 1 1915
4 H g F A A Aug ’ 13-Aug ’ 15
6 g J A J Jan 1 1947
5 g M A N May 1 1961
4g
5
6
5
5g
4
5
Places Where Interest and
Dividends are Payable
Scranton (Pa) Trust Co
Bankers Trust Co, N Y
Old Colony Tr Co, Boston
Bank Trust, N Y ; & Bost
Old Colony Tr Co, Boston
Bank Tr Co, N Y; A Bost
do
do
do
do
do
do
do
do
do
do
sinking funds
ORGANIZATION.— Incorporated In Texas on Aug. 10 1911 and has gross, $221,529; net, $63,213 charges, $58,574 bal., sur., $4,639. Pres.,
succeeded the Int. A Great Nor. R R . foreclosed June 13 1911. The 3d M.
It. Lee Wilson. Office, Jonesboro, Ark.— (V. 94, p. 826.)
bondholders’ oommlttce bought up practically all of the 2d M. bonds at
UNION DEPOT CO.— Owns union freight and passenger station
par and Int. and recapitalization Is pending per plan In V. 92, p. 1310, onJOPLIN
26 acres at Joplin, Mo., completed In 1911, used by the AtchlsonTopeka
subject to valuation to be fixed by Texas RR. Commission. V. 93, p. 1105. « Santa
te , Kansas City Southern, Missouri Kansas & Texas and Missouri
The I. & G. N. Holding Corporation was Incorporated In Virginia In Nov
1911 with $5,500,000 capital stock to be used In the reorganization of the « North Arkansas, which jointly own the $40,000 stock and lolntly
railroad company In such a way as to preserve the equity of the 3d M. bond and severally guarantee the bonds, prln. and int. Of the bonds ($750,000
holders In oase the Texas RR. Comm, do not allow a greater valuation than auth.), $650,000 sold. Total stock auth., $500,000.— (V. 90. p. 502, 627.)
$30,365,000 for the I. G. N. See V. 93, p. 1386; V. 95, p. 176.
KANAWHA BRIDGE & TERA1INAL CO.— Owns bridge across the Great
Holders of $2,961,000 3d M. bonds will receive common stock to an Kanawha River near Charleston, W. Va., used for railway, street railway
amount not exceeding the par of the bonds and overdue Interest thereon. and general traffic. Stock, $400,000. purchased by d ies. A Ohio In Dec.
Bonds deposited to May 9 1911 to come ahead of those thereafter deposited In 1910, which operates property. Bonds, see tablo and V. 91, p . 1629 Year
distribution— see STOCK below. Depositary, Equitable Tr. Co., N. Y.
1911-12, gross, $39,388; not inc., $32,123; hit. A taxes, $30,064; bal.,
The cash required by plan ($15,340,000) was raised as follows: (a) by sale sur., $2,059.
to bankers of $11,000,000 3-year 5% notes redeemable at 101% and int.
KANAWHA & MICHIGAN RY.— (See M a p Toledo & Ohio Central.)—
on 30 days’ notice, secured by deposit of $13,750,000 1st ref. M. bonds, of Owns Corning. O., to Gauley on Ches. & Ohio, 176 miles, less 18 miles.
which $12,150,000 has been deposited by the newcompany and $1,600,000 Pomeroy to Galllpolls, and 1 mile, Athens to Armltage, where Hocking
by the syndicate; and (b) by the sale to a syndicate of $1,600,000 1st ref. Valley Ry. tracks are used. Also owns branch of 11 miles leased to Toledo
M. bonds, $3,400,000 pref. stock and $2,500,000 common stock. In case A Ohio Central and Col Sandusky & Hooking Ry. companies.
the valuation fixed by the Texas RR. Comm, calls for an amount of new
HISTORY, A c — Reorg. In April 1890 of K. & O. Ry. foreclosed (see
securities less than the amount called for by the plan, the reduction will
aflect first the amount of new common stock to be given for the old 3d M. V. 50, p. 451. 483). In 1890 a majority of stock ($4,600,000) was acquired
by Tol. A Ohio Cent., which guaranteed the bonds, prln. and Int., but In
deposited after May 9 1911 (V. 92, p. 1310),
Mch. 1910 was sold to Ches. A Ohio and Lake Shore & Mich. Southern
STOCK.— New common stock, $6,500,000 (subject to reduction as above Jointly, $3,454,500 of the $4,400,000 minority stock having to Deo. 31 1912
stated). Of the common stock $1,422,000 was issued June30 1912, the re agreed to accept $72 per share, less l V i % commission. V. 90. p. 771, 849.
maining $5,078,000 being held for exchange for a like amount of conditional 977, 1425; V. 91, p. 276, 1095. On Dec. 30 1912 the lower Federal Court
Interim certific’s. If, as and when issued, under agreement dated Nov. 7 1911. held such control to bo In violation of the Sherman Anti-Trust Law and
The now 5% non-cum. pref. Is pref. p. & d. and will participate equally with therefore illegal. V. 96. p. 63. (Seo V. 52, p. 165, 351.)
common In any year after 5% on each; $1,600.000 is reserved for exchange of
First div., 4 % . paid Juno 30 1911; Dec. 30, 2 K % ; 1912, 5% (2 ^ J. & D .);
a like amt. of the initial issue of 1st ref. M . bonds which are deposited under 1913, June, 2t^% and 1% extra.
the 3-year 5% notes. Upon the liquidation of tno notes from time to time
LATEST
EARNINGS.— (1912-13-.Gross. $2,673,697; net. $922,251
the first ref. bonds contributed by the syndicate are to be proportionately 10 nios., July
1 to April 30.\1911-12.-Gross, 2,552,362; not, 916,719
surrendered to the new company, In exchange, $ for $, for pref. stock.
REPORT.—
For year 1911-12, in V. 95, p. 1396, showed: Gross, $3,145,
D IV ID E N D S.— First div. on prof. stock, 1%, Aug. 1 1912 Jan. 2 1913,
252; net, $1,131,692: other income, $166,502; int., taxes, &c., $379,959;
4 % , making 5% for yoar ending Juno 30 1913. V. 95, p. 111.
BONDS.— Of the new 1st refunding M. 30-year 5s ($50,000,000 auth.), piV13 96% 59 l ) p$ 63°’ l772S)Ur‘ ’ $468,236, Pres” F * B ’ Sheldon.— (V. 95.
$12,150,000 have been pledged as security for the 3-year 5% notes and $1,
600,000 sold for cash to the syndicate and by It deposited as further security
KANAWHA & WEST VIRGINIA RR.— See page 139.
for said notes (see above); $11,489,000 are reserved to refund underlying
CITY CLINTON & SPRINGFIELD RY. — Owns from Olathe,
bonds and $24,761,000 are reserved, under restrictions, for additional equip K aKANSAS
n ..to Ash Grove. Mo.. 154 miles; Raymore Jet. to Pleasant Hill, Mo..
ment, additions, extensions and improvements. An agreement has been 8 m.;
total,
162
miles. Stock, $1,775,400. Bonds were guar, by the Kan
made to sell a maximum amount of $1,000,000 of the bonds yearly for 3
* Mem(old co.). Year ending June 30 1912, gross.
years as required for Improvements, extensions and eautpment. Compare $379,419 not, $105,393
income, $4,316 int., taxes. Sec., $200,605
V. 94, p. 350. In Nov. 1912 $396,273 bonds were to bo Issued for equip ba1-. def $90,895. In other
1910-11,
gross, $374,855; net, $109,713.— (V.
ment, and in May 1913 the issue of $780,000 more was proposed. V. 95, i d . P» 7 2.0.)
p. 1273; V. 96, p. 148S. On Feb. 21 1913 $506,000 first refunding bonds
„
KANSAS
CITY
FORT
SCOTT
&
MEMPHIS
RY.— (See M a p s Rock Island
were registered for equipment. V. 96, p. 653. The secured notes through
thoir collateral cover the entire property at (including underlying bonds) Go.)— Operates Kansas City, Mo., to Memphis, Tenn., and branches, 916 m.
Also has a controlling Interest In stock of the K. C. Mem. A Blrm. R R .,
about $20,500 per mile. V. 94, p. 350.
owning line from Memphis, Tenn., to Birmingham, Ala., with branch, 285
EARNINGS.— From Sept. 16 1911 to June 30 1912, gross, $8,538,874 miles, and of Kansas City A Memphis Ry. A Bridge Co., owning bridge
net after taxes, $2,126,738; other Income, $332,897; total deductions, across Mississippi River at Memphis, 3 miles. Total, 1,204 miles.
$1,585,755; bal., surp., $873,880; from which there were appropriated for
ORGANIZATION.— Incorporated on June 14 1901 and Is vested with
dlvs. on outstanding pref. stock (1% ), $34,000; on pref. stock reserved for
exchange, $16,000; for payment of receivers and prior liabilities chargeable the property of the former Kansas City Ft. Scott A Memphis Railroad; also
to cost of road. $279,665 total, $329,665. leaving $544,215. V. 95'. p. 680. controls other mileage. V. 72. p. 1237. See V. 72, p. 438, 532. 675, 988.
For lO mos. ending April 30 1913, gross, $9,748,834, agst. $8,838,502 in The St. L. A San Fran. RR. owns the entire stock and leases the road, guar
anteeing the bonds of 1901. prln. and Int., and 4% on pref. stock trust certs.
1911-12; net, $2,505,567, agst. $2,629,410.
In view of the appointment of receivers of the St. Louis & San Francisco
1910-11.
1909-10.
1908-09.
1907-08.
Gross.................................$9,127,834 $8,566,806 $8,097,939 $0,922,268 R R ., a committee (E. V. R. Thayer. Chairman; Frank H. Damon, 50 Stato
N e t................................... 1,899.906
1,517.078
1.499,794
363,560 St., Boston, Secretary; Old Colony Trust Co., Boston, and Bankers Trust
Directors.— Frank J. Gould (Chairman), New York; R. Lancaster Wil C o., N. Y., depositaries) requested deposits of the various issues of bonds
liams, Baltimore; Thomas J. Freeman, New Orleans; Fred W. Cook, San and St. L. & S. F. trust receipts for pref. stock. V. 96, p. 1556.
Antonio; Henry Martin, Jesse Jones, Walter Kyle Morrow and A. R.
STOCK.— Common authorized, $45,000,000: outstanding, $15,000,000.
Howard, Houston. Pres., Thos. J. Freeman; 1st V.-Pres., G. II. Taylor; all owned by St. Louis A San Francisco RR. The pref. stock ($15,000,000
2d V .-P.. Henry Martin; Soc. and Treas., A. R. Howard. Office, Houston, par $ 1 0 0 ) Is deposited In escrow, and against It are Issued trust certifi
Tax.— (V. 95, p. I l l , 176, 680, 1273, 1331; V. 96, p. 62, 653, 1488.)
cates of the St. L. A San F. R R ., the latter having the option to retire the
certificates at any time at par and obligating Itself to pay oil the wholo Is
INTERNATIONAL RYS. OF CENTRAL AMERICA.—See page 138.
sue In 20 years from date (Oct. 1901), and meanwhile to pay quar. 1%
I N T E R O C E A N I C R Y . O F M E X I C O . L T D . — See p a g e 1 3 9 .
thereon. See V. 72. p. 1238.
BONDS.—The refunding bonds of 1901 (limited to $60,000,000) are se
IOWA CENTRAL RY.— See Minneapolis A St. Louis.
by all property now owned, or hereafter acquired with the pro
JACKSONVILLE TERMINAL RY.— Owns union passenger depots, cured
ceeds
of the refunding Issue. Of the bonds. $25,835,000 were outstanding
4 locomotives, Ac., at Jacksonville, Fla., Including 31 miles of track June 1912.
$26,956,970 were reserved for exchange against the face amount
used by Atl. Coast Line R R ., Seaboard Air Line, Florida East Coast
R y.. Southern R y. and Georgia Sou. A Florida R y., which own entire of underlying bonds, and the remaining $7,208,030, as well as any bonds
stock ($200,000). The five companies each guarantee one-fifth of the in not used or required for refunding purposes, will be reserved for Issue for
terest under the rentals and meet expenses on whcelage basis, the Atl. additional lines and extensions, at not exceeding $22,500 per mile thereof.
Coast Line, Seaboard Air Lino and Florida East Coast R y. guaranteeing As to guaranty, see “ organization,” above. V. 75, p. 853. See V. 87.
P -4 i4 ; V. 91, p. 38, 154: V. 92, p. 1311; V. 93. p. 45; V. 94, p. 279.
by endorsement the prln. and Int. of above bonds.— (V. 71, p. 135.)
In 1912 the K. C. Ft. Scott A Stem. Ry. had guaranteed the int. on all
JAMESTOWN FRANKLIN & CLEARFIELD RR. — Owns from Ohlo- except $293,780 of the $6,322,780 K. C. Mem. A Blrm. Income bonds, be
.»nn*£ tate llne» on the Lake Shore & Mich. Sou., to Rose Siding, Pa.. 103 ginning Mch. 1 1912. the bonds so guaranteed being subl. to call at any time
miles; branches, 20 m.; trackage to Clearfield, Pa., 54 m.; total, 177 miles.
within 10 years from Sept. 1 1902 at 95 and Int. V. 74, p. 4 7 7 , 5 7 7 .
.
A consolidation In 1909. V. 88, p. 506. 1002. Leased to the Lake Shore
Birmingham Belt bonds are guaranteed, principal and interest, lolntly by
& Mich. Sou. from April 1 1909 for the term of the corporate existence and
Kansas City Memphis A Blrm. and St. L. A San Fran. V. 75 n 1147 —
renewals, rental covering Interest on bonds and 5% yearly on $3,000,000 (V. 92, p. 1311; V. 93, p. 45, 1022; V. 94, p. 279; V. 96, p. 1556.)
ii,
Lake Shore), payable quarterly (Q.-J.). Of the 4s of
KANSAS CITY & MEMPHIS R Y .— Rogers to Siloam Springs. Ark., 30
1909, $11,000,000 guaranteed by the Lake Shore were Issued to retire out
standing debts and bonds and remaining $14,000,000 reserved for exten’s & miles; rrceman to Monte Ne, 6 m.; total, 36 miles. Projected to extend
from Rogers, Ark., to Memphis, Tenn., 294 miles, the first section from
Improvements. V. 90. p. 167. 697.— (V. 92, p. 395; V. 93, p. 731.)
Cave Springs, Ark., 10 miles east of Rogers, to Fayetteville, 20 miles, being
J E F F E R S O N R R . — Owns Lanesboro, Pa., to Carbondale, Pa., 37 miles,
completed In Aug. 1912; also from Siloam Springs, Ark., to Wagoner, Okla
double track; branch. West Hawley, Pa., to Honesdalc, Pa., 8 miles. Leased Incorp. In Ark. Deo. 17 1910 and absorbed the Ark. Okla. A West RR and
In perpetuity for $154,940 per annum to Erie R R ., owner of ($2,095. Monte Ne Ry. In April 1911. V. 92, p. 881, 1109; V. 94, p. 207.
950) stock. Used by D A H . to reach Carbondale.— (V .87. p. 1479.)
SECURITIES.— Stock authorized, $0,000,000 at $15,000 per mile, held
JONESBORO LAKE CITY & EASTERN RR.— Owns Jonesboro to Bar In voting trust, one trustee to be nominated by co., ono by Kansas City Sou.
field, Ark., 63.10 miles Osceola Jet. to Osceola, Ark.. 14.39 m.; Midway to and one by F. J. Llsman A Co.; par $100. Tho 50-yr. gold 5s ($0,000,000
Luxora, 1.4 m.; Midway to Meares Ldg., 0.5 m.; Ross to Wilson, 16.95 m. authorized Issue) are Issuable at $18,000 per mile, of which $15,000 for
(former Wilson Northern R y.); total, 96.40 miles. Stock, $600,000.
and equipment ami $3,000 reserved for betterments when the
Bonds, Bank of Commerce & Trust C o., Memphis, trustee; For 1911-12, construction
earnings during one fiscal year have equaled 150% of the Interest on the
66
R A IL W A Y STOCKS A N D BONDS
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first pace]
M iles
Date
Road Bonds
Amount
Outstanding
Par
Value
$100
Kansas City Mexico & Orient— Stock $20,000 per mile
100
Preferred 4% non-cumulatlve $20,000 per mile___
1912
1st lien receiver’scertfs red 102 see t e x t . . . ..............
1,000
1901
1st M gold'(see t e x t ) .._______ _________________ c*
100 &c
1912
Coll trust (convert-partlc) $10,000,000 (red 1917)-100
Kansas City Outer Belt & Elec— Stock (half 4% pref)
1,000
1903
1st M $3,000,000 g ............................................... ..
100
Kansas City Southern— Common stock $30,000,000.*
100
Preferred stock 4% non-cum $21,000,000________
1900 1,000 &c
First mortgage $30,000,000 gold---------------- Ba.c&r
1909 1,000 &c
Ref and lmpt M $21,000,000 gold red 105.xc*&r.N
1,000
: 1912
Equip notes g ser D due $62,000 s-a red p ar..N x
Kansas City St Joseph & Council Bluffs— See Chicago Burlin gton &
1897
Kansas City Shrevep & Qulf Terminal— 1st M red lOo
1910 1,000 &c
Kansas City Term Ry— 1st M red tex----- IC.xc*&r
1886
1,000
K C Belt 1st M ($534,000 guar KCFS&M) __BB.c
1,000
1905
Kansas City Viaduct & Term— 1st M g s f (text) c* &r
Kansas & Colorado Pacific— See Missouri Pacific R y - 1911
£100
Ken & I Term RR— 1st M guar (see text)------0 .xc*&r
100
Keokuk & Des Moines— Preferred sto ck .----------------1878
100 &c
First mortgage Interest guaranteed C R I & P ------c
1869
1,000
Keokuk & Hamilton Bridge— First mortgage------. . c
1891
1,000
Kewaunee Green Bay & Western— First mtge------F.c
1913
1,000
Kingston & Pembroke— First mortgage gold-----------Knoxville & Ohio— See Southern Ry41 1904
1,000
La Crosse & S E Ry— 1st M $1,000,000 g red 105
Lackaw RR of N J—Stkauth $12,000,000 gu 4% dlv
Lake Erie & Detroit River— See Pere Marquette RR
g" " a
outstanding bonds. Of the bonds $300,000 are reserved to retire the
$300,000 Ark. Okla. & West. 6s (V. 86, p. 107). In April 1911 $540,000
Series A bonds were sold to F. J. Llsman & Co. of New York against the
36 miles owned and the 20 miles under construction to Fayetteville, the
Series A bonds being additionally secured by a traffic contract with the
Kansas City Southern, giving the company 20% of the gross revenue received
on business Interchanged; Series “ A ” bonds will also cover the line between
Fayetteville and Huntsville, If built within 5 years. Cumulative sinking
fund of 'A of 1% commences with 1916. V. 92, p. 881, 1109.
EARNINGS.— Year ending June30 1912 (36m.) gross, $65,488 ($61.215!n
1910-11); net after taxes, $23,451, agst. $27,402; other Inc., $3 , 1 0 0 ; charges,
$26,464; bal., sur., $88.
,
_
Pres, and Gen. Mgr., Geo. D. Locke; V.-Ps., J. W . Walker and A. L.
Williams; Sec. and Treas., W. B. Felker; Asst. Sec., William Goodman.
Office. Rogers, Ark.; N. Y. office. 30 Broad St.— (V 94, p. 207.)
(THE) KANSAS CITY MEXICO & ORIENT RY.— Road Mileage.
— The road when completed will extend from Kansas City, Mo., to Topoiobampo, 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 in operation:
Owned Unci. K . C. M . &. O. R y . of Texas, 369 m., Securities Owned), M iles.
Wichita, Kan., to Mertzon, Tex. (except trackage St. Louis & San
Francisco R R .. Foley to Ewing, Okla., 12.78 m iles.................__.641.97
arquez, Mex., to Tobalaopa-----------------------------------— ■--■----------- ts o .u
Mlnaca to Sanchez, Mex. (74.28 m .); El Fuerte to Topolobampo,
62.23 miles)........................ - ......................................................- ......... 136-g*
Mochls, Mex., to Mochls Junction, Mex------------------------------------------ --- 2.J2
Tot. oper. Mch 7 '1 2 (lncl. 12.78 m. trackage), all standard gauge. 868.17
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,
of which 227 miles from San Angelo to Alpine have been completed, tho 32
miles from Granada to Fort Stockton having been built by the receivers in
1912 (see below) and tho 63 miles from Fort Stockton to Alpine, at a con
nection with tho Southern Pacific, being completed by them in April 1913.
V. 94. p. 1566; V. 93, p. 666; V. 96, p. 1089. Total sidings (July 1911),
93.08 m. Reports o f experts, prospectuses, &c., V. 90, p. 105, 110; V. 86,
p . 668; V. 83, p. 95, 1411; V. 75. p. 1253.
Equipment March 7 1912.— Locomotives, 75; cars, passenger service, 35,
freight, 2,052; service, 75, largely held under car trusts.
R E C E I V E R S H I P .— In Mch. ’ 12 E . C. Dickinson. Kan. City, Mo.; J. L.
Davidson, Wichita, Kan., and M. L. Turner, Oklahoma City, Okla., were
appointed receivers. V . 94, p. 698. On Moh. 11 '12 S. B. Hovey, Ft. Worth,
and M. L. Mcrtz were appointed receivers of the K. C. M. & O. Ry. of Texas.
On May 31 1912 $2,500,000 5% 1st lien 2-yr. receivers’ certfs. were author
ized for extensions and improvements, o f which $1,000,000 were sold.
V . 94, p. 1566, 767, 1057. C. A. Young and CharlesS. Jobes are receivers
of Union and international Construction companies and H. L. Harmon of
town-site companies. V . 95, p. 297, 1123.
In June foreclosure decree was made under 1st M . V. 96, p. 1772.
Committee for 1st M . 50-year 4s.— Lord Monson (Chairman); Harry Hoff
man. 37 Wall St., Sec.; Columbia Tr. Co., N. Y ., and Glyn. Mills. Currie &
Co., London, depositories. V. 94, p. 767, 911, 1566.
Committee for Construction Co. Stockholders.— John W . Platten, Chairman;
Sec., Calvert Brewer; U. S. Mtge. & Tr. Co., N. Y ., and Glyn, Mills. Currie
& C o., London, depositaries. V. 94, p. 767, 1057, 1383; V. 96, p. 716.
STOCK-— Stock is held In a voting trust until Jan. 1 1917. V. 83,p.1411.
BONDS.— Trustee; U. S. & Mex. Tr. Co., Kansas City, Mo. Of the
$24,538,000 bonds issued March 7 1912, $199,000 wero in tho treasury and
$6,424,000 pledged as collateral, viz.: $1,870,000 with Amer. Car & Foun
dry for equfpt. notes, $1,060,000 with Locomotive Security Co. for equipt.
notes and $3,494,000 with sundry individuals for various notes. V. 78, p.
102; V. 81, P- 1411; V. 87, p. 37, 508; V. 91, p. 38, 94, 1025; V. 94, p. 350.
Loans and bills payable March 7 1912, $969,771; equipment trust obliga
tions March 7 1912, $l,044,751;ordered to be paid by the receivers in March
1913. V. 96, p. 716.
EARNINGS.— Statement for year ending June 30 1910, with balance
sheet, in V. 92, p. 1025. In 1910-11 (746 average miles): Gross earnings,
$1,848,479; total net Income, $47,241; taxes. $66,362: Joint facilities,
$11,358; Int. on equip, trusts, $75,373; other int., $39,266: balance,
deficit. $145,118. Balance sheet June 30 1911, V. 93. p. 1324.
OFFICERS.— President. Arthur E. Stllwell, N. Y .; Vlce-Pres’ts, Edward
Dickinson, Kansas City, M o.; J. T . Odell, N . Y .; Enrique O. Creel, Chi
huahua, Mex.; John F. Wallace, N . Y .; J. S. Braithwaite, London, Eng.;
Gen. M gr., M . J. Knelly, Kansas City, M o.; Sec. & Aud., Neal S. Doran:
Treas., Wm. Lee Karnes, Kansas City, M o.; Asst. Sec., J. Crosland
Taylor, London.
General orfice. Orient Bldg., Kansas City, M o.; N. Y . office. Singer Bldg.
— (V. 95, p. 1331; V. 96, p. 63, 653, 716, 1089, 1172.)
KANSAS CITY OUTER BELT & ELECTRIC R R — 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) about
8 miles; uncompleted In 1912. V. 75, p. 184; V. 76, p. 331; V. 80, p. 871.
Bondholders’ protective committee (John W. Platten, Chairman; Calvert
Brewer, Sec.; U. S. Mtge. & Trust Co., depositary), In view of receivership
of Kansas City Mexico & Orient. V. 95, p. 420, 480, 968. In N ov. 1912
application was made to issue receiver’s certifs. V. 95, p. 1472. Stock is
all in voting trust. U. S. & Mex. Tr. Co., Kansas City, M o., is mtg. trus.
OFFICERS.— Pres. & Gen. M gr., E. Dickinson; V.-P., F. Mertsheimer;
Sec. & Treas., Wm. Lee Karnes, Kansas City, Kan.— (V. 95, p. 1472.)
: KANSAS CITY SHREVEPORT & OULF TERMINAL C O — Ownsunion
depot at Shreveport, La , including 1.11 miles of yard and terminal track.
Stock, $150,000, all owned by Kansas City Southern Ry. Bonds, Pioneer
Trust Co.. Kansas City, trustee. Year ending June 30 1912, gross, $27,229;
net, $3,524; Int. & tax., $9,271; bal , sur., $5,747. Office, Kan. City, Mo
$12,500,000
12.500.000
See text
See text
See text
5,000,000
1.275.000
30.000.
21.000.
30.000.
16.000.
1.488.000
150,000
30.094.000
2.500.000
3.302.000
Rate
%
5
4g
When
Payable
[ V o l . X C V I.
Last Dividend
and Maturity
£4 ycaia
F & A Feb 1 1951
seml-ann 1922
Places Where Interest and
Dividends are Payable
Feb 1912 coup last paid
Oct 1911 coup last paid
4 g A & O Apr 11953
000
In 1912 Q—J Julyl5 1913 1%
000
New York Trust Co, N Y
0003 g A & O Apr 11950
do
do
0005 g J & J Apr 1 1950
To Dec 15 1924 Blair & Co, New York
5g
4
tS
4H
F
J
J
J
& A Aug 11927
& J Jan 1 1960
& J July 1 1916
& J Sept 1 1934
Treas Off, Kan City, Mo
N Y Boston & Chicago
Office 50 State St. Bost
£1,231,000
4M g
$1,524,600See text
2.750.000
5
1,000,000See text.
. 408,000
5
1.075.000
Morgan, Grenfell&Co,Lon
J & J Jan 1 1961
See text Apr 1 1913 3M Office, 14 Wall St., N Y
First Nat Bank. N Y
A & O Oct 1 1923
55 William St, As earned
A & O Apr 1 1899
Office, 40 Wall St, N Y
J & D June 1 1921
Owned by Can Pac Ry
J & J Jan 1 1963
750,000
10,750,000
A
5g
4
La Crosse, Wise
& O Oct 1 1944
July 1 1913 1% Del Lack & Western RR
Q -J
KANSAS CITY SOUTHERN RY.— (See M a p .)— Operates a line extend
ing from Kansas City, Mo., to Port Arthur, Tex., thence by Its ship canal.
7 m., to deep water on Gulf of Mexico, with branches and extensive ter
minals used by various roads entering Kansas City. Total mileage 827, viz.:
Lines Owned—
M iles.
Lines Owned—
M iles.
Kansas City, Mo., to Belt Ju ne.. 12 Branches to Fort Smith, De
Quincy, L a........ ........... ............39
Grand View, Mo., to Port Ar
thur. Texas.................................765 Trackage— To Grand View, M o .. 11
Also owns entire $650,000 each of stock and bonds of Arkansas Western
R y., Waldron to Heavener, Ark., 32 miles, operated separately; also con
trols K. C. Shreve. & Gulf Terminal Co. V. 83, p. 38, 492.
ORGANIZATION.— A reorganization of Kan. C. Pitts. & Gulf R R ., fore
closed in 1900 per plan In V. 69. p. 1012, 1062. V. 73, p. 1356; V. 74, p. 94,
V. 80, p. 1971; V. 81, p. 559; V. 84, p. 1366. In 1909 contracts were mado
for interchange of freight with the Ilarriman lines. V. 88, p. 375. Com
mon stock, $3O,O0O,OCO; par, $100.
SECURITIES.—-As to tho $21,000,000 "ref. and im p.” bonds of 1909,
see V. 88, p. 1128, 1253, 1437; V. 89, p. 1Q4; V. 90, p. 167; V. 92, p. 322,
395, 461, 795; V. 95, p. 1172.
D IVIDEN DS.— First dlv. on pref. stock, 4% , paid July 1 1907 out of
earns, for 1906-07; Oct., 1%; 1908 to July 1913, 4% (Q.-J.).
LATEST EARNINGS.— 11912-13..Gross, $9,852,329; net, $3,690,310
11 mos., July 1 to May 31./1911 1 2 ..Gross, 8,505,736; not. 2,704,354
REPORT for 1911-12 at length was In V. 95, p. 887, 904.
1911-12.
1910-11.
1909-10.
$9,594,652
Total gross receipts............................. $9,272,859 $9,995,174
6,268,585
Operating expenses._______
6,332,839 6,404,001
3,326,067
Net earnings....................- ................... 2,940,020 3,591,173
Total net Income___________________ 3,089,192 3,721,6.33
3,420,520
T axes_______
410,369
361,875
343,773
1,266,462
Interest on bonds, &c........................... 1,544,851 1,382,426
318,864
Miscellaneous..........................................
840,000
Dividend on preferred stock (4 % )____
840,000
840,000
Balance, surplus__________________
$45,950
$824,659$651,421
DIRECTORS.— Chairman, L. F. Loree: Pres., J. A. Edson, Kansas
City, Mo.; Hermann Slclcken, J. A. Blair, W. T. Rosen, Andrew J. Miller,
W. G. Street, W. H. Williams, Arthur Turnbull, Samuel McRoberts, B. S.
Guinness and E. R. Bacon of New York; John J . Mitchell of Chicago; S. W .
Fordyce of St. Louis; Edward F. Swlnney, Kansas City, Mo.; Secretary Is
G. C. Hand. Office, 25 Broad St., N. Y .— (V. 95, p. 1273, 1472.)
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 12 proprietary cos., viz.: Chic. R. I. & Pac., Atch. Top.
& Santa Fe, Chic. Milw. & St. Paul. Chic. & Alton, St. Louis & San Fran.,
Union Pacific, Wabash, Chic. Burl. & Quincy, Mo. Pac., Missouri Kan. &
Tex., Kan. City Southern and Chic. Gt. Western, which will pay equally
any excess of fixed charges. V. 89. p. 1671. Construction begun about
Mch. 1 1910. Incorp. July 10 1906. Stock auth., $50,000,000; outstand
ing. $1,200,000. On Mch. 1 1910 acquired Kansas City Belt Ry. by deed;
and on Nov. 1 1910 the Union Deoot Co.; also purchased stock of the pres
ent Union Depot Co. and K. C. Belt Ry. Co., to cost over $40,000 000 (in
cluding real estate), and to bo completed by Oct. 1913. V. 89, p. 666, 163;
V. 90, p. 627, 698: V. 91. p. 1386; V. 96, p. 135.
Of the 1st 4s ($50,000,000 auth.), 830,094,000 have been sold, $2,500,000
are reserved to retire Kansas City Belt bonds and $17,406,000 for additions
and Improvements. The bonds are redeemable as a whole on Jan. 1 1930
or any int. date thereafter at 105 and int. V. 90, p. 559, 627: V. 91, p .
Sec.’, C. o’. Ripley; Treas!, E. F. Swi’nney.— (V. 96, p. 202, 790.)
KANSAS CITY VIADUCT & TERMINAL R V — Company owns and
operates an elevated railway and highway viaduct from Bluff ana 6th Sts.,
Kansas City, M o., to Minnesota Ave. and 4th St., Kansas City, Kan.,
with branch viaduct to interlying railroad and manufacturing districts.
Main structure completed Feb. 1907, 1.6 milos, minimum width of 60 ft.;
material. Steel and concroto. See V. 82, p . 160; V. 84, p. 2 7 1 ,931.
STOCK.— Stock outstanding, $3,447,700 (par $10Q).—(V. 94, p. 416.)
BONDS.— 1st M. 4M % bonds auth., $3,500,000; outstanding, $3,302.
000. Standard Trust Co., N. Y., and Fidelity Trust Co., Kansas City,
trustees. July 1909 to Jan. 1911 coupons funded Into cumulative Income
bonds. V. 90, p. 1101; V. 92. p. 1564.
.
t w
,
Protective Committee.— In Jan. 1911 over 75% of the 1st 4 Ms and Income
bonds had been deposited with a committee (Richard C. Story of Boston,
Chairman; Standard Trust Co. of N. Y .. depositary), under an agreement
In force until Jan. 1 1916, unless sooner terminated by the committee or by
written direction of two-thirds In amount of the certfs. after Jan. 1 1914.
No sale at less than 85% of tho bonds, or exchange for other securities,
without consent of 51% In Int. of depositors. V. 92, p. 187; V. 96. p.285.
For tentative propositions mado in May 1913 and other matters, see
V. 96. p. 1772.
EARNINGS.— For year ending June 30 1910. gross. $75,454; net, $56,
936; bond Int., $149,040; taxes, $9,374; sundry accts., $706; sk. fd., $4,527:
bal., def., $106,712. Pres.. J. W. Reinhart; Treas., H. S. Corwin; Seo.,
Howard Ross.— (V. 93, p. 1599; V. 94. p. 416; V. 96, p. 285. 1172.)
KENTUCKY & INDIANA TERMINAL RR.— Owns steel cantilever
bridge over the Ohio River at Louisvillo and 14.59 miles main track and
39.62 miles yard tracks and sidings in and about Louisville. Sou. R y., Balti
more & Ohio and Chic. Ind. & Loulsv. own tho $75,000 capital stock, and
under new lease for 99 years from June 1 1910 pay monthly, In proportion
to cars handled, any deficit in operations, rentals, taxes and interest.
Name changed from K y. & Ind. Bridge & RR. in Dec. 1910.
The new double-track K. & I. bridge, 2.713 ft. in length,'with approaches
1,841 ft. 4 in., was opened Nov. 28 1912 In place of old single-track bridge.
Bonds, £2,009,000 auth. issuo, of which $2,137,000, guar, by the three
proprietary cos., were Issued to retiro the £1,000,000 bonds duo M ch. 1911
CAMDEN
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[For
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
abbreviations, &c., seenotes onfirst page]
M iles Date
Road Bonds
P ar
Value
Amount
Outstanding
Lake Erie & Pittsburg— Stock rental guaranty...........
$100
First mtge $15,000,000 gold guar________ G.xc*&r*
28 1911 1,000 &c
Lake Erie S t Western— Common stock $20,000 p m . .
100
711
Preferred stock 6% (not cum) ($20,000 per mile). .
100
711
First mortgage ($10,000 per mile) gold______Ce.c*
1,000
711 1887
1,000
Second mtge for $3,625,000 ($5,000 p m) gold..C e.c
711 1891
100
Lake Shore & Michigan Southern— S tock ___________
Guaranteed 10% stock (Michigan South & Nor Ind)
100
First mortgage $50,000,000 gold_______ Us.c*&r
1,000 1897 1,000 &c
Bonds (not mortgage) $50,000,000 gold___ G.c*&r
1903 1,000 &c
1906 1,000 &c
do
do
$50,000,000 g old...Q x c*& r
1,000
Kalamazoo & White Pigeon first mtge assum.Un.c
37 1890
.. One-year n o te s________________ _____ ____________
1913
**
do
do
_______ _____ _____________ _____ _
1913
GuaranteedSecurities—
41 1889
1,000
Battle Cr & Stur 1st M gold guar p & 1 (see M Cent)
29 1889
1,000
Sturgis Goshen & St Louis 1st M gold p & 1 guar—
100
58
Kalamazoo Allegan & Gr Rapids stock rental guar.
1,000
58 1888
First mortgage guaranteed_______________Un.c
26 ____
50
Erie & Kalamazoo (leased) stock Toledo to Palmyra
___ ____
100
Jamestown Franklin do Clearfield stk rental guar..
___ 1909 1,000 &c
1st M $25,000,000 auth guar_________ G.xc*&r*
10 ____
Cleveland Short Line R y stock rental guaranteed..
100
___ 1911 1,000 &c
First mortgage guaranteed...............
G
28
Lake Erie & Pittsburgh stock rental guaranteed..
100
1911 1,000 &c
First mortgage guaranteed______________ Gxc*&r
71 ___ _
Lake Shore System— Alahoning Coal RR — Stock-----50
71
Preferred stock (see text)________________________
50
71 1884
First M Youngs to And doc guar p & I (end) — Un.c
1,000
24
1911
Lake Super & Ishp— 1st M $1,400,000 serial red 101 c*
100 &c
16 1901
Lake Tahoe Ry & Tr Co— 1st M g $500,000 s f beg 1905
1.000
5 1905
Lansing Manufacturers— 1st M serial Interest rental..
1,000
10
Laramie H ahn’s P & P— Stock ($100,000 pref).........
Proposed receiver’s certfs $315,000 see text-----------First mortgage $8,000 per mile gold----------- AB.c*
30 1904
1,000
First ref M $1,800,000 gold sink fund red 115-.G.C*
111 1907
1,000
General mortgage $10,000,000 authorized-----------1,000
1909
Five-year coup notes $450,000 (V 91, p 1766)------G
1910
1,000
Five-yr coup notes g red 102 H (V 91, p 1766)------c*
. . . 1910
500 &c
z
Rale
%
[ V o l . X C V I.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$4,300,000
5
& D June 1 1961
4,300,000
4)4 g J
11,840,00(1
11,840.000 See text J
& J Jan 15 1908 1%
•r & .1Jan 1 1937
7,250,000
5 g
3,625,000
j
& J July 1 1941
5 g
z49,466.500 18 inl913 j
A .1 July 29 ’ 13, 6%
533,500 18 lnl913 F & A Aug 1 ’ 13. 6%
50,000,000
3 M g .1 & T1 June 11997
50,000,000
m
& S Sept 1 1928
4 g
50,000,000
4 g
M & N May 1 1931
400.000
J
& J Jan 1 1940
5
12,000,000
M & S 15 M ch 15 1914
414
10,000,000
5
M & N 15 M a y 15 1914
79,000
3 g
322,000
3 g
610,000
6
840,000
5
300,000
10
2,995,050
5
11,000,000
4 g
4.750,000
5
11,800,000
4)4
2,150,000
5
2,150,000
4 )4
1,500,000 See text.
661,367
5
1,500,000
5
1,170,000
6 g
404,000
5 g
75,000
5 g
9,100,000
240,000
1,536.000
500,000
450,000
1,000.000
6 g
6 g
5
7
7
,T
J
A
J
F
&
&
>T
F
>T
J
F
A
J
&
&
&
&
&
&
&
New York
Office, Gr C entTer, N Y
Chase National B k, N Y
do
do
Grand Cent Term , N Y
D Dec 1 1989
D Dec 1 1989
O Apr 1913
& J July 1 1938
& A Feb 1913, 5% dncoln Nat Bank, N Y
a —j
J u ly l ’ 13, 1 J4% Grand Cent T erm , N Y
do
do
,T & D June 1 1959
A & O A pr 11913
A & O A p r 11961
do
do
D June 1 1961
A M a y 1 5 ’ 13 50%
J J u l y l ’ 13 2 )4 %
J July 1 1934
A Feb ’ 14-Feb ’31
O Oct 1 1931
J July 1 1915-30
J
& j July 1 1929
A & O Oct 1 1932
J & D 15 Tune 15 1959
J
& J Jan 1 1915
J & J15 Jan 15 1915
Grand Cent Term , N Y
Union Trust Co, N Y
do
do
Clt Sav & Tr Co, Cleve
Merc Trust Co, San Fran
Union Trust Co, Detroit
American Tr Co, Boston
□ ct 1912 coup not paid
June 1912 coup not paid
Lawr Barnum & Co, N Y
July 1912 coup not paid
New York Central holds $45,289,200 of this.
and for new construction; remainder reserved for future purposes. V . 92, p,
187; V . 91, p . 589, 214, 38; V . 92, p. 261, 1032 V . 93, p . 469; V . 95, p . 1403.
E A R N IN G S .— For year ending June 30 1912, gross, $373,585; op . d e f.,
$193,312; b on d in t., $106,670; other in t., $7,085; bal.. d e f., $307,067,
P rest., H . B . Spencer, W ashington, D . C .; S ec., C . R . M eekin; Treas..
H . D . O rm sby.— (V . 95, p . 1403.)
K E O K U K & DES MOINES R Y .— Owns from Keokuk. I a .. to Des
Moines, la ., 162 miles. Leased for 45 years from O ct. 1 1878 to the Chicago
R o ck Island & Pacific R y . The lessee pays 25% of the gross earnings but
guarantees the Int. (not the principal) on the bonds. Stock Is $1,524,600
pref. and $2,600,400 com . (par, $100), a m ajority of which Is held b y the
lessee. P ref.entitled to share with com m on stock In any excess over 8 % .
D IV S .—
1 0 0 . ’01. *02. ’03. ’04. ’05-’07. ’08. ’09. ’ 10 to ’ 12. 1913.
On p ref., % ------J )4
1
1
2 1H None 1
1 2 H y ’iy A p r,3 H
Rental: In 1911-12, $176,993; 1910-11, $17 9 ,5 6 5 :1909-10, $173,709; 1908
09, $154,332; 1907-08. $149,775.— (V . 90, p . 698; V . 96, p . 716.)
K E O K U K & HAMILTON BRID G E CO.— Owns bridge across Mississippi
R iver at K eok u k ,la ., for railroads and foot-passengers. The present users
are the T oled o Peoria & W estern and the W abash.
V . 95, p . 818.
Regarding guaranty, see V . 95, p. 969; V . 72. p . 821. S tock. $1,000,000:
p a r, $100. The bonds were originally 8 % bonds, carrying somi-ann. coupon
o f $40 each, on which for m any years paym ents were made from tim e to time
as incom e allow ed, the second half or coupon N o. 52, due A p .il 1895, being
paid In D ec. 1912. E arly in 1913 all the $40 coupons were canceled and
new semi-annual coupons o f $15 each were attached, which are also to be
taken up as earnings perm it. N ew coupon N o . 1 was paid in April 1913.
E A R N IN G S .— Year ending June 30 1912, gross, $65,496: net, $47,049
other Income. $9,994; interest, $60,000, taxes, $4,385. In 1910-11, gross,
155,944; net. $35,549. Pres., A ndrew Carnegie: Treas., Theodore Gilman, 55
W illiam S t.. New Y ork .— (V . 72. p . 821; V . 95, p . 818.)
KINGSTON & PEM BROKE R Y .— Owns from K ingston, O n t., Can., to
R enfrew on Canadian P a cific, 104 miles; branches, 9 m iles. Leased for 999
years from Jan. 1 1913 to the Canadian P acific, which owned on June 30
1912 $1,130,350 pref. and $1,968,400 com m on stock. V . 77, p . 636, 1221.
Y ear 1912, gross, $233,333; net, $44,943; in t., taxes, & c.. $28,097; bal.,
surp., $16,846.— (V . 94, p. 487; V . 95, p . 176.)
LA CROSSE & SOUTHEASTERN R Y .— Owns La Crosse and Southeast
ern Jet. to VIroqua. W Is., 40.81 miles: trackage La Crosse and S. E. Jet. to
L a Crosse, 1.8 miles; tota l, 42.61 miles.
Stock authorized, $1,000,000;
outstanding, $505,000; par, $100. B onds, $1,000,000 authorized; all
issued, o f which $250,000 in tresaury; Wisconsin Trust & Security C o . o f
M ilw aukee, trustee. V . 80, p . 222. Y ear ending Juno 30 1912, gross,
$74,994; net, $30,382; in t., taxes, & c., $43,824; b al., d ef., $13,442. Pres.,
John II. M cM illa n , M inneapolis, M in n .; V ico-Pres., A . S. C argill, M inne
apolis, M in n .; Sec. and T reas., Jas. B . T a ylor, and A u d ., S. J . L ennon,
L a Crosse, W is. O ffice, 300)4 M ain S t.. La Crosse, W is.— (V . 80, p . 222.)
L A C K AW A N N A R R . OF NEW JE R SE Y ,— (See D . L . * W . M a p .)—
Owns from H opatcong, N . J., to a point near Portland, Pa., 27.44 miles,
opened Dec. 24 1911, shortening distance to Buffalo over Del. Lack & W est,
about 12 miles. D . L . & W . leases the road for a guaranty o f 4 % on the
stock. V . 93. p. 1324, 1786; V . 92, p . 656; V . 90, p. 557; V . 88. p . 558:
V . 86, p. 543. Stock outstanding, $10,756,000, which was distributed in
D ec. 1911 as a dividend to the D .L . & W . stockholders.— (V. 93, p. 1786.)
L A K E E RIE & PITTSBURGH R Y .— Projected from Lorain. O ., to
Youngstow n, 91 miles, with 29-mile branch to Cleveland: total 120 miles.
Of this about 27.84 m. between M arcy, at a connection with Cleve
land Short Line R y . and Brady Jet. on Pennsylvania R R . was opened In
Oct. 15 ’l l . Jointly owned b y Lake Shore & Michigan Southern and Penn
sylvania C o., which lease the road, rental providing for Interest and 5%
on stock. Stock auth., $6,000,000, as increased In May 1911; outstanding,
$4,300,000. Of the bonds ($15,000,000 auth. Issue), the first $5,000,000
are to be 4 Hs, remaining 5s, $4,300,000 (which are guaranteed Jointly)
having been Issued to pay for construction, being all owned D ec. 31 1912 by
Lake Shore and Pennsylvania cos. V . 92, p . 1500, 1636; V . 95, p . 680.
L A K E E RIE & W ESTERN R R .— R O A D .— Owns Sandusky. O .. to
Peoria, 111., 413 miles; branch to Minster, 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort W ayne to Connersville and branch to Rushville, 129 miles; total owned, 711 miles; leases Northern Ohio R R ., Akron
to Delphos, 162 miles; trackage, 33 miles; total operated, 906 miles.
H IS T O R Y . &c.— See V . 50, p. 590: V . 85, p. 600. In 1899 control
passed to the Vanderbilts, and on D ec. 311912 the Lake Shore &;MIch!gan
South, owned $5,940,000 com . and $5,930,000 pref. stock. V . 71, p. 1269.
D IV ID E N D S .—
"I’99. ’00. ’01-’03. ’04. ’05. ’06. ’ 07. ’08. to ’ 13.
2 4 yearly 3
3
3
2
none
On preferred--------------- % { 0
B O N D S.— A bstract of first m ortgage In V . 46, p. 45; of second m ortgage
In V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
E A R N IN G S .— 4 m os., (1 9 1 3 .............. Gross, $1,854,258; net, $317,388
Jan. 1 to A pr. 30.
\1912________ Gross, 1,770,460; net, 300,286
A N N U A L R E P O R T .— F or cal. year 1912 was In V . 96, p. 940.
1912.
1911.
1912.
1911.
Oper. revenue $5,839,630 $5,420,821 In t. on bon d s------ $543,750 $543,750
N et in c o m e .. 1,254,434 1,013,139 Other in te r e s ts ... 98,537 115,794
R entals---------131,215
132,517 A d d ’ns & bet’ t s . . 209,442
______
H ire equip .,& c. 268,251
233,302 B alance--------------3,239def.l2,224
— (V . 92, p . 8 7 5 ; V . 94, p . 826, 1 0 4 9 ; V. 96, p. 790. 9 4 0 . )
LA K E SHORE & MICHIGAN SOUTHERN R Y .— (See Maps New York
to Chicago with branches, 550 miles. Has double track.
B y control of N. Y . Chic. & St. Louis R R . has still another line from
Buffalo to Chicago. Operates Dunkirk Allegheny Valley & Pittsburgh.
Dunkirk, N. Y ., to Titusville, P a., 91 miles. V . 73, p. 663.
Owns entire stock o f Chicago Indiana & Southern R R ., which see. The
stockholders voted M a y 7 1913 to lease the Lake Erie Alliance & W heeling
R R . for its corporate existence. V . 96, p . 1089.
Central.)— Buffalo
Road owneddirectly.
Miles.
Leased (•see this Co.).
Miles.
Buffalo to Chicago, lncl. Erie &
Kalamazoo A . & G. R _________
68
K al., 26 m. (le a s e d ).............. 537 Jamestown Franklin & Clearf’d* 123
Sundry branches-------------334 Mahoning Coal R R ____________
71
Entire stock owned.
Erie & Kalam azoo (26 m iles). . Text
25 Detroit Hillsdale & S W .............. *65
Detroit & Chicago.........................
Detroit Monroe & T o le d o______
51 Fort W ayne & Jackson.............. *98
Kalam azoo & W hite Pigeon—
37 Detroit Toledo & Milwaukee___
67
Northern Central M ichigan____
61 Battle Creek & Sturgis_________
7
29
Sturgis G & St L ouis_______
Cleveland Short L in e__________ *20
Elkhart & W estern...............
12 Lake Erie Alliance & W heeling. . 88
Trackage ______________________ 190
Grand total oper. Jan. 1 1913 (of which owned, 1,160 m iles)______ 1,872
O R G A N IZ A T IO N , & c.— A consolidation on A ug. 16 1869. In 1898-99
$45,289,200 of the capital stock was purchased b y the N. Y . C. & H . R .
R R ., which gave In exchange Its 3 H % bonds at the rate of $200 In bonds
for $100 in stock. V . 66, p. 288; V . 69, p. 1237. In 1913 consolidation
with the N. Y . Central was proposed, holders o f the N. Y . Central collat.
trust 3 Ms having been asked to consent to consolidation with other roads
now or hereafter In the system . See N . Y . Central. V . 93, p . 1787; V . 96,
p . 1424.
New Y ork Chicago & St. Louis road has been controlled b y ownership of
stock since 1882, Lake Shore now owning $6,240,000 of Its com m on,
$6,275,000 of Its second preferred and $2,503,000 of Its first preferred stock.
The com pany also controls and leases the Mahoning Coal R R . (see Lake
Shore “ System ” below) and owns (besides entire stock of proprietary lines)
$14,994,250 Pittsburgh & Lake Erie stock; $30,207,700 of the $47,056,300
Cleve. Cln. Chicago & St. Louis com m on stock; also $5.940,000 of the
$11,840,000 com m on and $5,930,000 of the $11,840,000 Lake Erie &
Western preferred. V . 71, p. 1269; V . 72, p . 870; V . 82. p. 749.
In March 1910 acquired all the stock of the T oledo & Ohio Central (441
miles) which had been held In the Interest of the H ocking Valley, and owns
all the bonds and stock o f Zanesville & W estern (89 m iles). V . 90, p . 771,
849, 977, 1045, V . 91, p . 1095. On D e c. 30 1912 the lower Federal C ourt
held the join t control with the Ches. & Ohio o f the Kanawha & M ichigan to
be a violation o f the Sherman A nti-T rust Law and therefore illegal, and
ordered the equity in the Sunday Creek C o . to be disposed o f. V . 96, p .
63, 134.
Also owned Jan. 1 1913 half of the $60,665,000 Reading Co. stock acquired
b y the Pennsylvania-Vanderbilt Interests, viz.: $6,065,000 first pref.. $14.
265,000 2d pref. and $10,002,500 com . stock, the other half held b y B alt. &
Ohio. V . SO, p. 1856. Stocks owned Dec. 1909. V . 90, p. 708.
The Lake Shore & M ich. Sou. and I’ ittsb. & Lako Erie owned D e c. 31
1912 $1,399,900 stock o f Pittsburgh M cK eesport & Youghlogheny R R .,
purchased Jointly under their offer at $65 per $50 share. V . 94, p . 768.
D IV ID E N D S .— 1 ’99 to ’03. '04. '05. ’06. '07. ’08. ’09. ’ 10 t o ’ 12 1913.
Since 1898, % ------ / 7 yearly
8
8
8 12 14 12
18;yr’ ly 18
In 1911 to 1913, Jan., 6 % : M ch., 6 % extra: July, 6 % .
•
B O N D S .— F or $50,000,000 M . o f 1897, see a b s t r a c t , 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 bo secured b y any
new m ortgage. 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 In 1931 (and to be secured by
any new m tge.) were sold for lm prov’ts, and In Jan. 1910 permission was
granted to Issue the remaining $15,000,000 of the $50,000,000 Issue to retire
tho $15,000,000 5 % notes due F eb. 1 1910. Guarantees $11,000,000 James
town Franklin & Clearfield 4 % bonds, A c . See that co . V . 82, p . 392:
V . 84. p . 996; V . 9 0 ,p . 167. 627, 771.
, ,
„
In M arch 1913 sold $12,000,000 ono-year 4 >4% notes and In M a y $10,
000,000. V . 96, p. 1297.
„
„„„
„
Jointly with four other roads covenants to pay $75,000,000 N . Y . Central
Lines car trusts o f 1907 and 1910, the com pany’s share o f car trusts ou t
standing D ec. 31 1912 being $4,472,262, $11,558,944 and $2,974,961, re
spectively; V . 85, p. 1402; V . 86. p . 168, 801, 803; V . 88, p . 761; V . 90, p.
1677.
G U A R A N T IE S .— Additional guaranties not shown above, see Chicago
Indiana & Southern, Detroit Hillsdale & S. W . and F t. W ayne & Jackson.
E A R N IN G S .— 4 m o s .,(1913____Gross, $19,166,022; net, $5,820,081
Jan. 1 to A pr. 30.
\1912____Gross,
16,467,422; net,
5,150,542
A N N U A L R E P O R T for 1912 at length was in V . 96, p. 785, 795.
Year ending Dec. 31—
1912.
1911.
1910.
M iles operated..................................
1,872
1,775
1,663
Railroad re v en u e.............................. $54,286,616 $48,360,997 $49,420,211
Operating Income (after taxes)............ 17,093,279
14,212,105 12,729,380
Other Incom e.............................................. 10,348,776 10,284,588 10,452,087
Gross corporate incom e........................ $27,442,055 $24,496,693 $23,181,467
Rentals or leased lines__________ .
$2,663,239 $2,531,082 $2,268,573
Interest on bonds, & c__________
7,227,617
7,131,769 5,865,006
Other rents and miscellaneous.............
966,815
565,478
622,227
Dividends on guaranteed sto ck ____ _
96,030
96,030
96,030
D ivs. on com m on stock ( 1 8 % ) ............
8,903,970
8,903,970 8,903,970
Balance, surplus..............
$7,584,384
$5,269,365 $3,517,768
— (V . 94, p. 822, 835; V. 96, p. 63, 553, 653, 716. 785. 795, 1089.)
L A K E SHORE SYSTEM— MAHONING COAL R R .— Owns from Youngs
town to Andover. O ., and branches. 71 miles. In Dec. 1907 purchased a
ono-half interest in the Lake E r ie * Eastern R R ., building a bolt and switch
in g line from Girard to Struthers, reaching factories in Youngstow n, O .,
and vicinity.
Leased In perpetuity for 4 0% of gross earnings to Lake Shore, which
Jan. 1 1913 owned $865,900 com m on and $399,500 preferred stock.
D IV S.— 1’91. ’92. ’93. ’94. ’95 to ’06. ’07 to ’09. 1910-11. ’ 12. 1913.
On co m m o n ./ 4 H 8 m 8
8 10 yearly 12 yearly Below.
20 Below
In 1910 on com m on. Feb., 6% and 50% extra: Aug., 1 0% .
In 1911,
F eb. and A u g., 10% each; M a r., 5 0% extra. In 1912, 20% (F . & A .) .
In 1913, F eb.and A u g ., 1 0% , and in M a y 50% extra.
J u n e , 1913.]
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
IFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
1893
Leavenworth Terminal Ry & Bridge— 1st M g s f__Ce
Lehigh & Hudson River— Stock $1,340,000-----------
Second mortgage gold ___________________________
Leh & Hud R lv gen M $3,000,000 g (see text) _Cc.c*
Debentures $400,000 redeem 105 since N ov 1911 -
Equip trust certs gold due $40,000 yearly------ PeP.c
Lehigh & New England— 1st M $1,000,000 gold__FP
N ortham pton 1st M g $300,000 guar red 105-FP.c*
Lehigh & Delaware first gen mtge redeemable at 105
Consolidated mortgage $3,000,000 gold call at 1 0 5 -.
Equip tr ser A g gu red 102 H <lue $30,000 y rly.G u P
do
ser B g gu red 102 J4 due $45,000 y rly.G u P
d o ser C guar gold red 102}^ $30,000 yrly __G u P
Lehigh Valiev— Comm on stock $80.000,0(X)--------- Op
Preferred stock 10% (V 79, p 151, 2 69 )--------------GP
First mortgage extended In gold In 1 8 9 8 -.G P .c& r
Consolidated Ml coupon & reg $4,762,000 4 M s.c& rl
$40,000,000 ] annuity $2,538,000 are 4 H s — FPJ
General consol mtge $150,000,000 gold — G P.c*& r
Collateral trust bonds $19,000,000 see text_G P .c*& r
Equip trusts g Ser I, due $400,000 y rly(V . 85,p412)
do
gold, due $250,000 s-a Series J__U sm .c*
Bonds of Controlled Properties—
Lehigh & N Y 1st M gold guar p & 1_____ M p .c'& r
Leh Val of N Y 1st M gold guar p & 1 (end) _GP.c*& r
Lehigh & Lake Erie first mtge $3,000,000 g o l d . . .
Lehigh Val Term 1st M g guar p & 1 en d___Ce.c*& r
East & A m 1st M l ’hlll N J to Perth A m b oy &cguar
Easton & Nor 1st M gold guar b y Leh V a l.G P .c ’ &r
Middlesex Valley first mtge $600,000 gold ------ Ce.c*
P enn& N Y Can& R R — Cons gu (text) p&l (end)G P .r
Elmira Cortland & North first pref mtge g o ld . .Ce.c*
First mortgage gold guaranteed p & 1 (end) — Ce
Morris Canal consol stock 4% guaranteed perpetual.
Preferred stock 10% guaranteed p e rp e tu a l_____
L V Coal Co 1st M $12,000,000 g s f not draw n .c*& r
do
Interest reduced-------------------------------------do
debentures______________________________
Delano L ’d 1st M g gu s f (V 90, p 1617)------------GP
W yom ing Valley Coal consol (now 1st m ortgage)___
All
20
27
All
280
1887
1890
1907
1906
1895
1902
1904
1903
1908
1911
1913
3 1 l}
311
1868
1873
1873
1903
1905
1906
1907
115
488
11
28
69
13
29
137
114
114
1895
1890
1907
1891
1880
1895
1892
1888
1884
1884
1892
1892
1912
1891
1887
Par
Value
Rate
%
When
Payable
Last Dividend
and Maturity
$1,000
$600,000
5 g
J
& J Jan 1 1923
100
1.340.000 See text See text D ec 20 1912 4 ?
1,000
164.000
J
5 g
&
July 1 1917
1,000
2.505.000
J
5 g
&
July 1 1920
1,000
400.000
M & N July 1 1920
4
1,000
160.000
414 g J
& D Dec 1 ’ 13-’ 16
1,000
1,000,000
J
&
July 1 1945
£ g
1,000
300.000
J
&
Jan 1 1952
1,000
650.000
f*
J
& J July 1 1954
1,000
1.380.000
A & O O ct 1 1953
5 g
300.000
1,000
4H g J
& D T o June 1 1923
1,000
610.000
M & N T o May 1 1926
4H
1,000
550.000
4J*
F & A T o Feb 1 1928
50 60,501,700 1 0 In *13 J
& J July 12 ’ 13, 5%
106,300
50
10
J
& J July 12 ’ 13, 5%
5.000.
0004 g
1,000
J & D June
1 1948
1,000 10.400.000 4 J4 & 6 J & D Dec 1 1923
12.600.000 4 45 & 6 J & D Irredeemable
1 ,0 0 0
1 , 0 0 0 &c 26.639.000
4 g
M & N May 1 2003
F &
4 g
11.739.000
1 ,0 0 0
Aug '1 3 -Feb ’26
4 g
M &
1 , 0 0 0 In treasury
T o Sept 1 1916
4 45 g M &
2.250.000
1 ,0 0 0
S e p t’ 13-Sept T7
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1,000
1 ,0 0 0
500 &c
1,000
1,000
1,000
1 ,0 0 0
100
100
1,000
1 .0 0 0
1,000
1,000
The preferred stock certificates are 5% guaranteed and contain a clause
making them redeemable at par at option of com pany.
Year ending Dec. 31 1912, rental and other Income, 51,143,658; surplus
over Interest and 20% on com . and 5% on pref., $732,679.— (V. 96. p. 1298.)
LAKE SUPERIOR & ISHPE1Y1ING RY. — Owns Presque Isle (Marquette)
to Ishpcm lng, M ich., 20 miles; branch to Maas mine, 4 m .; trackage, 1 m .;
total, 25 miles. Also owns large docks at Presque Isle Harbor. Controlled
b y Clevcland-ClIHs Iron Co. Incorp. In Mich. Feb. 17 1893. Stock. $1,
000,000; par, $100. O f the serial 6 s o f 1911 ($1,400,000) $70,000 mature
yearly; they aro redeemable, all or any, on any int. day In reverse o f
numerical order at 101. Sinking fund 5c. per ton In excess o f 1,500,000
tons shipped over the lino and docks during the preceding calendar year,
payable annually beginning Jan. 1912, is expected to provide for principal
and Interest o f bonds. V. 92, p. 1636; V . 93, p. 229.
For year ending June 30 1912, gross, $164,791; oper. d ef., $41,296; othor
incom e, $91,744; in t., taxes, & c., $67,556; bal., d ef., $17,109. In 1910-11,
gross, $170,377; oper. d ef., $41,121; other incom e, $21,809. Pres., f f m .
G . M ather, Cleveland, O hio.— (V . 93, p. 229; V . 96, p. 790.)
LANCASTER OXFORD & SOUTHERN R R .— (3 -/f. gauge.)— O xford,
P a ., to Susquehanna, 20 miles; branch, 8 miles. Sold b y bondholders, who
purchased the road at foreclosure sale on July 19 1912, to F . S. Williams,
of Bolalr, M d., representing Interests allied with the Conwlngo Power Co.
V . 95, p. 544. Year ending Juno 30 1912, gross, $27,892; net incom e,
$2,741; taxes, $1,126. O ffice, Lancaster, P a .— (V . 9 5 , p . 544.)
LARAM IE HAHN’ S PE AK & PACIFIC R Y .— Owns from the Union
Pacific R R . at Laramie. W y o ., through Centennial. Fox Park and W alden, to
C oalm ont, C olo., 111.35 miles, where large coal fields aro located. Owns
7 locom otives, 41 freight and passenger cars.
On Juno 9 1912 F. A . M iller was appointed receiver. V . 94, p. 1626.
O ct. 1912 coupon was defaulted on the first ref. bonds. In M a y 1913 an
issue o f $315,000 receiver’s certifs. was proposed, to bo a first lien on the
entire property, to provide for im prov’ts, equip’t, & c. V. 96, p. 1297.
Committee for First Ref. 6 s and Collat. Trust 7 % N otes.— Alexander J.
H em phill (Chairm an); L . B . Franklin, 28 Nassau S t., S ec.; G uaranty T r.
C o ., N . Y ., depositary. In April 1913 8 1% o f refunding bonds and 93%
o f coll, trust notes had been deposited. V. 96, p. 203, 1297.
Another Committee for I’Hrst Ref. 6 s.— Frank D . P avoy (Chairm an), N ew
England Trust C o ., B oston, and Security Transfer & Register C o .. 6 6
B roadw ay, N . Y ., depositaries. V . 96, p . 203.
Committee for Junior Securities.— Samuel L . Powers o f Powers & H all
and Joseph H . O ’N eill, Pres. Federal Trust C o ., Boston; Judge J. J. D es
m ond, N orwich, C onn., with John W . M ackintosh, S ec., 85 Devonshire
S t., Boston; Federal Trust C o ., B oston, depositary. See suggested plan
o f April 13 1913, V. 96, l>. 1021. V. 95, p . 891, 1039; V . 96, p. 1021.
Committee for \ stM . Bonds.— Eugene J. Fabens (Chairman), caroE dgerly
& Crocker,111 Devonshire S t., Boston; James VV. Groen, Edward B . Carloton and R obert F. C lapp. V. 96, p. 1488.
B O N D S .— First ref. bonds, see V. 85, p . 1646, 1668.
E A R N IN G S .— For year ending June 30 1912, gross, $125,360; expenses,
$93,131; net, S32.229: taxes, 53.983; other deductions. $7,043: bond Int.
accrued, $210,318; bal., d ef., $189,116. For 10 m os. ending April 30 1913,
gross, $45,537, against $106,520 in 1911-12; net, $25,269, against $43,930.
P ros., W allaco H ackctt, Portsm outh, N . II .— (V . 96, p . 1365, 1423, 1488.)
LEAVENWORTH TERMINAL RAILWAY & BRIDGE — Owns high
way and railroad bridge (opened Jan. 1 1894), 1,110 ft. long, over Missouri
R iver at Leavenworth, K an., and valuable terminal property In that city.
In July 1910 the Chicago Great Western acquired the entire stock, but docs
not guarantee or assume bonds. V . 91, p. 214, 397. 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-ycar contract from 1894, with
option o f 30-year extension. Year 1911-12, gross, $49,705; net, $48,557;
Int. & taxes, $35,260; bal., sur., $13,316. Stock, $ 6 0 0 ,0 0 0 — (V .91,p.397.)
LEHIGH & HUDSON RIVER R Y — Owns from M aybrook on Central
New England Ity. to Belvidere, N. J ., on the Penn. R R ., 7 3 . 9 miles; and
from Philllpsburg, N. J ., to Easton, Pa., .70 miles; trackage, Penn. R R .,
Belvidere to Philllpsburg, 13.3 m .; D. L . & W . trackage, Andover Jet. to
P ort Morris, N. J ., 8.7 m .; total operated, 96.6 miles. V. 79, p. 269; V . 94,
p . 416. Stock, $1,340,000; par, $100. First d iv ., 4 % , paid D ec. 20 1912.
B ON DS.— Of the $2,505,000 gen. m tge. bonds out, $1,062,000 are guar.
Jointly, p. & 1., by the Central R R . of N. J. and Leh. Coal & Nav. Co. An
additional $165,000 are reserved to take up prior liens and $330,000 for
extensions or acquisitions of connecting roads. In Mch. 1911 permission
was given to Issue $1,185,000 additional bonds to refund the $1,185,000 old
bonds maturing July 1911 and April 1912. V . 92, p. 595, 1701. See form
o f guaranty, &c., In V . 67, p. 788; also V . 85, p. 1513.
E A R N IN G S .— 9 m os.J1 9 1 2-1 3 ______ Gross, $1,356,681; net. $450,824
July 1 to M arch 31. 11911-12______ Gross, 1,242,589; net, 457.647
Surplus aftor charges, $199,431, against $216,114 in 1911-12.
A N N U A L R E P O R T .— For years ending Juno 30, V . 95, p . 1396.
Year end. June 30.
Gross.
Net.
Oth.Inc. Int.,Txs.,&c. Bal..Sur.
1911-12............- .......... $1,621,891 $558,657 $13,628 $335,514 $236,771
1910-11-------- - - - - - - - 1.465.795
558,039 , - - - - - 313,775
244,264
Lewis A . R iley, Pres., Philadelphia, P a.— (V . 95, p . 1123, 1396, 1684.)
LEHIGH & NEW ENGLAND R R .— Operates road from H auto, P a..
to Campbell lla ll, N. Y ., 127 miles; Halncsburg Jet., N . J ., to Edgewatcr,
N . J ., 60 miles; Bethlehem, P a ., to Benders Jet., Pa., 19 miles; Bath, P a.,
to Martins' Creek, P a ., 18 miles, and branches, 47 miles; total, 271 miles,
o f which 9 miles aro leased and 105 miles operated under trackage rights,
leaving 158 miles ow ned. V . 95, p . 1403. Lehigh C oal & N a v. C o . owns
con trol. V . 78, P- 1781, 1962; V . 91, p . 1386.
S E C U R IT IE S .— Stock auth., $7,500,000, being Increased from $3,000 000 In D ec. 1912, $3,145,000 o f the stock being Issued In Jan. 1 9 1 3 and the
outstanding $ 2 ,8 8 5 , 0 0 0 bonds retired, making total stock outstanding
$4,145,000. The Lehigh Coal & N av. C o. (V . 91. p. 1386) guarantees
car trusts A and B , & c. V . 86. p. 1343, 1409; V . 96. p . 63.
E A R N IN G S .— For year ending June 30 1912 (170 m iles), gross, $895,732’
net. $297,383: charges, $307,374; bal., d ef., $9,992. Pres., Samuel D .
Am ount
Outstanding
6i)
2.000.
0004 g
15.000.
000 445
3.000.
000445
10.000.
000
6.000.
000i g
51,000
445
5 g
200.000
8.500.000
750.000
%
1.250.000
Sg
See text
10
See text
5 g
10.114.000
4 g
1.400.000
7.500.000
4
5 g
1.082.000
6
200.000
M
J
&
&
M
M
M
A
&
&
&
&
M &
J
&
J
&
Sept 1 1945
July 1 1940
Mch 1 1957
Oct 1 1941
May 1 1920
N ov 1 1935
N ov 1 1942
A pr 1 1939
A pr 1 1914
Apr 1 1914
Feb 6 T 3 , 2%
Feb 6 *13, 5 %
Jan 1 1933
Jan 1 1933
M ch 1 1962
Jan 1 1932
July 1 1917
Places Where Interest and
Dividends are Payable
Central Trust Co. N Y
11rv Nat Bk, N Y , and 1st
J Nat B k,W arw ick, N Y
Irving Nat E xch B k, N Y
Philadelphia
437 Chestnut St. Phlla
do
do
do
do
do
do
Guar Tr & S D Co, Phlla
do
do
do
do
Checks mailed
do
do
Office, 228 So 3d St, Phil
do
do
do
do
JP M organ& C o.N Y & Phil
do
do
Philadelphia
JPM organ & Co. N Y & Phil
do
do
JPMorgan&Co, N Y& Phll
O ffice, 228 So 3d St, Phil
do
do
do
do
Lehigh Valley R R , Phlla
do
do
do
do
O ffice, 228 S 3d St, Phlla
do
do
JPMorgan&Co. N Y& Phll
do
do
do
do
F idelity Trust C o , Phila
do
do
W arrlner; V .-P ., and Gen. Mgr., Rollln H . W ilbur; V .-P . and'G eneral
Counsel, W m . Jay Turner; V .-P . and S ec., H . F . Baker: Treas H enrv H
Pease.— (V . 96, p . 63.)
’
^
'
LEHIGH VALLEY R R .— (See M a p .)—
rates:
143
Main Line (fee, or all stock ow ned), |Leased _________________
Jersey City to B uffalo________ 446|T rackage______________I I ”
<53
Branches (fee or all stock ow n’d) .8 0 2 1
!_____
Total. July 1 1912 (2 d track 606 m iles)____________________________ 1 . 4 5 4
H IS T O R Y , E TC.— The Drcxel-Morgan Interests, It Is understood, have
a preponderating voice In the management. A syndicate represented by
Kuhn, Loeb & Co. In July 1910 acquired a large interest. V . 91, p. 276.
nn£ ° A L P R O P E R T Y .— The Lehigh Valley R R . Co. owns all the ($1,965,the Lehigh Valley Coal Co. (V . 81, p. 1726). Annual report
* °tl9 1 1 -1 2 In V . 95, p. 477. Purchase In 1905 of Coxe B ros., see “ B onds.”
th e Coal Co. shipped from collieries owned and controlled 8.224.317 tons
of anthracite coal in 1911-12, against 9.021,206 tons In 1910-11; total coal
and coke tonnage 1911-12 was 15,166,853.
<: 1 nnnn n o n w . ? , Lehigh Valley Coal Sales Co. was Incorporated with
tho
^ tl o lz,?,d stoK
cH’ o f whlch $(>,060,800 to be Issued imm ediately;
the railroad stockholders being permitted to subscribe for Its stock at oar
pro rata to the extent of 10% of their holdings. See extra dividend below
v
T
W
^
p
.
'
UDder ‘ ‘ IndustrlaIs-” v - 94. p. 123:
„ S T O C K .— T he auth. com m on stock was increased in 1910 from 8 4 0 9 9 4 .
800 to $80,000,000, o f which $20,166,900 was subscribed for by stockholders
at par to retire 2d M . 7s due Sept. 1 1910. V . 90, p. 1101, 1676.
D IV ID E N D S .— f'92. ’93. ’94-’03. ’04. '05. ’06. ’07-’ 10 ’ l l '12 1919
Since 1891 ( % ) ------ [5)4 4
None
1
4
4 6 y ’ly
10 10 10
In Feb. 1912 also an extra cash dividend of 10% , applicable If d e
sired to subscription for stock of new Leh. Val. Coal Sales Co. See that
com pany under “ Industrials.” V . 94, p. 123.
B O N D S.— The gen. consol, m tge. 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 Issuable at once, $ 1 0 ,0 0 0 , 0 0 0 were reserved to retire car trusts and
coal-purchase bonds, $96,000,000 to retire at or before m aturity outst fixed
obligations amounting to $94,130,000 (Incl. the coll, trust bonds of 1897 and
$2,000,000 coal trust ctfs. of 1902, which were called for paym ent), on pay
ment of which the general consols will be a first lien on all the property of
the system , except as to $ 1 2 ,b 0 0 , 0 0 0 annuity bonds, which are a perpetual
lien; the remaining $34,000,000 are Issuable at not exceeding $2 000 000
a year, or such larger amounts as m ay be authorized by stockholders, begin
ning Jan. 1906, for acquisitions, terminals, coal properties, equipment &c
Old bonds m ay, how ever.be extended,If necessary, for not over tw o years
Provision m ay be m ade at tim e o f issue o f bonds thereunder for right to con
vert into stock at pleasure o f holder not over $25,000,000 at any one tim e
outstanding. V . 77, p. 824; V . 78. p. 287; V . 79, p. 1642; V . 82, p. 1380’
V - 8 6 , p. 1343; V . 8 8 , p. 1372. See property covered in V. 81 p 211 ’
1 he purchase o f the stock of Coxe Bros. & Co. ($2,910,150) and of the
Delaware Susquehanna & Schuylkill R R . ($1,500,000) In O ct. 1905 was
an lssue ot $19,000,000 coll, trust 4 % bonds, to be retired by
$500,000 sem iannual installments beginning A ug. 1907 and secured by
f e lt, o f those stocks with trustee. Bonds subject to call as a whole at
l'S? n?rln?rA UK’ 1919, or in order o f serial numbers. V . 81, p. 1175
1242, 1376; V . 82, p. 100; V . 83, p. 702; V . 84. p . 1428; V . 8 8 . p .4 5 2 .
to
X aUeV R£ u Wau Go.— Owned Buffalo, N . Y .,
?na5ao B>s* Pia” 175.16 miles, double track, and branches. 333.60 miles,
Vcxv
,2m,re<L by 515.000.000 mtge. of 1890, but In 1903 and
L
tk e Lille,
F rk
n m ^all
n 003,
aadby
lrl Lehigh
1907 absorbed
the Lehigh
&
-L<aKe
oSfnrk
to ck , $11,745,000,
owned
Valiev RR
ATortp-nirA
abstract, V . 51. p. 114; V . 77. p. 147. 972; V . 8 1 ? p . 784^ V 84 o i m
Vall%¥ RR* Co. o f New Jersey.— Owned double-track road from
I hilllpsburg, N . J ., to Jersey City, and branches, with about 125 acres at
Jersey City and a large water front, <tc. T otal mileage 121 59 m
Stork
$20,433,000, all owned b y Lehlvh Valley R R . V . 77. D 972: V ^ 3 d 640
880; V . 81. p. 784; V . 83. p. 703.
v . / / , p. y / 4 , v . o 3 , p. b40.
\forris Canal.— Stock and bonds m ostly owned b y Lehigh Valiev R R
See issue OrCt. 1912 and V . 92, p. 527. 1109; V . 93. pM 8 11 ,1 1 0 6 . T 9 4 /p .
41J. V. Jo, !)• 4oo.
t
y / , C,a'?.a! & E R .—-Leased for 99 years from Dec. 1 1888 to
Lehigh Valley, which has assumed its debt and owns all its stock. Consols
include $4,000,000 5s. $3,000,000 4s, $1,500,000 4)^s. V . 62. p. 950
Seneca County R y ., $500,000 g u .b d s.; none sold June 1912. V . 79 p 1271
Lehigh & Lake Erie mortgage ($3,000,000) covers 11 m. double-track ter
minal road at Buffalo. V .8 1 . p . 211; V . 83, p .7 0 2 . Leased for 999 years.
V . 84, p. 1248; V . 85, p. 412: V . 87. p. 817. 818.
E A R N IN G S .— 10 m o s.,/1 9 1 2 -1 3 ..G ro ss, $35,504,675; net, $ 1 1 5 « 5 080
July 1 to April 30.
(l9 1 1 -1 2 -.G ro s s, 30,956,032; net,
9|742!862
A N N U A L R E P O R T .— Fiscal year ends June 30. The reDort for 19 1 1 -to
was given in V . 95. p. 477, 486. See also editorial, p. 452.
1 5 ,1 1 ^
Revenue from Operation—
1911-12.
1910-11
iqno in
Coal freight r e v e n u e ...............................$16,301,316 $17,155 5 3 4 *15 821 7 9 8
Merchandise freight revenue................. 14,591,240 14.687’ 291 * 1 4 7 5 7 7 0 9
Passenger revenue................................... 4,703,734
4.568'030
4 3 30 172
Mall, express. & c.....................................
1.309,645
1.276.548
1 257 629
T otal operating revenue................... $36,905,935" $37,687 403 *36 167 3 9 8
Net after taxes..........................................$10,443,135 $12 814 437 * 1 3 9 8 0 is r
Other incom e............................................
2:116:461 *
^ t o e ^ !
512.559,596 $14,490,176 $14,636,614
Interest on bonds
............................. $3,167,635 $3,306 268
Renta s and guaranties......................... 2,438,303
2 514 907 $3,806,436
2,544,622
Miscellaneous deductions____________
140 638
168 994
148,155
Additions and betterm ents..................
340944
osn 5 4 9
843,877
Dividends on preferred stock (1 0 ).
106 3 0
10 6 3 0
10,630
Dividends on com m on stock ----------(10)6.050,'l70 (8)4.235’,129 (6)2,4204)88
Balance, surplus____ ______________
$411,276 $3,273,699 $4,862,806
'
'
70
R A IL R O A D C O M P A N IE S
lFor abbreviations. & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Lehigh Valley— (Concluded)—
$1,000
1906
Cons real est 1st M $2,600,000 (V 83, p 702) — Usm
100
Lexington Union Station— Prelerred stock (see t e x t ).
1,000
Lime R ock— Consolidated refunding mortgage g o l d ..
12
1.000
Litchfield & Madison— First mtge $1,000,000 g o l d ..
44 1904
L ittle F a lls & D olg ev ille— See New Y ork Central & H u d s
50
Little Miami— Stk original gu 8 % 99 yrs P C & St L _ .
50
Speclal guaranteed betterm ent stock ($ 5 ,0 0 0 ,0 0 0 )..
1,000
General m ortgage $10,000,000------------------------------1912
Little R ock & Hot Sp W est— See St Louis Iron Mtn &
50
Little Schuylkill Nav RR & Coal— Stock (rental guar)
1,000
1912
Live Oak Perry & Gulf R R — First m ortgage-----------100 &c
1878
Long Island— Second (now first) m ortgage_________c*
1,000
Consolidated mortgage (gold) ($3,610,000 are os) Ce
1881
1,000
(Mneral m ortgage gold ______ _________________Ce.c*
1888
1,000
1892
Long Island R R mtge on ferry for $2,750,000 g Ce.c*
1,000
1892
Stewart Line mtge of 1932 for $500,000 g old ____Ce
1,000
1894
Debenture ($1,500,000) gold not subject to ca ll____
1,000
1880
New Y ork & Flushing first m ortgage assum ed___Ce
1,000
1888
Bklyn& M ont 2dM assu BusSta to E ’ tp ’t & b rs.C e.c*
1,000
1887
Consolidated m ortgage gold assum ed____Ce.c*
1,000
1893
New Y ork B ay Extension 1st M assumed $200,0001,000
1895
Montauk Extension $600,000 1st M assum ed____
1,000
1899
Unified M gold callable at 1 1 0 ................U s m .c & r
500 &c
1903
Refund mtge $45,000,000 gold gu p & 1— E q.c*& r
1909
Debentures $16,500,000 authorized________________
nteed.
Leased and Controlled Lines, Principal or Interest
1892
1,000
L I R R No Sh Br cons M $1,425,000 gu p & l.C e.c*
1,000
1885
N Y B & Man B 1st cons M $1,726,000 gold g u .- .C e
1887
1,000
N Y & R ock Beach 1st M $984,000 guar p & l . - . - C e
’86-’91
1,000
P P & C I 1st and 2d ($96,000 seconds) guar p & i . .
mo
L o ra in A sh la n d & S o u th e r n — Stock $1,800,000—
1913
1,000
1st M $2,000,000 gold --------------- ---------- ..................
1,000
1913
2d M $1,200,000.................................................. ,
1,000
1906
Lorain & W est Virginia— 1st M $2,000,000 gold c*& r
100
Louisiana & Arkansas— Stock $7,000,000 authorized.
1,000
1902
First m ortgage $7,000,000 gold (te x t)-------- G.c*& r
1895
1,000
Louisiana & North W est RR— Prior lien g o ld .
1,000
1905
First m ortgage $10,000,000 gold ----------------- M bt.c*
a In hands of public; total Issue shown In left-han d colu mn; ba lance un
Pres., E . B . Thom as, 143 Liberty S t., N . Y .; Vice-Presidents, J. A ,
M iddleton. T . N . Jarvis, L . D . Smith; Gen. M gr., J. F. Maguire; T reas.,
J. M. B axter; S ec., D . G. Baird, 228 So. 3d S t., Philadelphia; Executive
Com m ittee; Chairman, E . B . Thom as; Geo. F . Baker, E . T . Stotesbury,
Charles Steele, W . H . Moore, Daniel G. Reid and George F. Baer.
Directors— Edward T . Stotesbury, W . It. Butler, Fred. M . K irb y ,
W m . H . M oore, Daniel G. R eid, E. S. M oore, Charles Steele, A bram N esblt,
Geo. F . Baker. Henry B . Coxe, E . B .S m ith , G e o .F .B a e r .— ( V .9 6 ,p . 1772.)
LEXINGTON & EASTERN R Y .— Owns from Lexington, K y ., to Quick
sand, K y ., about 90 m . V . 73, p. 663; V . 90, p . 589. In N o v . 1910 the
Louisville & Nashville had acquired all of the $500,000 stock and m ost of the
$1,500,000 gen. M. bonds and deferred debentures ($374,080) and Is building
an extension from Jackson, K y ., to a point near the headwaters o f B oon e’s
Fork, abou t 97 m iles, o f which 86 m . operated O ct. 1912. V . 91, p . 1447;
V . 92, p. 1701; V . 95, p . 898.
E A R N IN G S .— 6 m o s.J 1 9 1 2 _________ Gross, $370,586; n e t, $112,605
July 1 to D ec. 31. \1911_________ Gross, $279,781; n et,
91,874
Y ear ending June 30 1912, gross, $563,173; net before taxes, $198,503;
other Incom e, $6,711; taxes. $13,319; in t., rentals, & c., $119,813; bal., sur.,
$72,082. Pres., Arthur C ary, Lexington, K y .— (V . 91, p. 1447, 1701.)
LEXINGTON (K Y .) UNION STATION CO.— Owns passenger station.
Com m on stock, $15,000, owned equally b y Loulsv. & N ashv., d ie s . &
Ohio and Lexington & Eastern. There has been authorized $500,000 of 4 %
cumulative (non-voting) preferred stock, secured b y m tge., and rentals paid
by above-nam ed roads on basis of passenger cars. Pres., W . A . M cDowell.
LIME ROCK R R .— Owns road In and around R ockland. M e., 11 m .;
trackage, 1 m .; total. 12 m . Stock, $450,000; controlled b y the R ocklandR ockport Lime Co. of Maine (V . 92, p. 960). D lv. In 1905-06, 5 % ; 1906
07. 5 % . of which 3 % from accumulated surplus: 1907-08, 2 K % : 1908-09,
5 % ; 1909-10, 4 )4 % ; 1910-11, 3 )4 % ; 1911-12, 2 )4 % . Y ear ending
June 30 1912, gross, $79,180; net, $28,035; other incom e, $2,705; int. and
taxes, $19,190; d iv. ( 2 )4 % ). $11,250; bal., sur., $300. O ffice, R ockland.
— (V . 82, p . 1380.)
LITCH FIELD & MADISON R Y .— Owns Litchfield Jet. to Madison, 111.,
44 m.- trackage, 1 m .; total. 45 m. Stock, com m on, $500,000; pref., 4 %
non -cum ., $500,000; par, $100. Car trusts June 30 1912, $189,350. Year
ending June 30 1912, gross, $227,429; net, $84,112; other incom o, $6,273;
in t., taxes, & c., $66,538; b a l., sur., $23,847. Pres., James D uncan,
A lton, 111.— (V . 79, p. 2456.)
L IT T L E K A N A W H A R R .— Parkersburg, W . V a ., to Ow ensport, 30 m .
S tock, com m on, $359, 00; p re f., $150,000; par, $100. Controlled b y Pitts
burgh & Lake Erie, Pennsylvania C o. and Baltimore & Ohio, the last-named
operating the road. V . 86, p. 981: V . 82, p. 628; V . 86, p . 981. Pres.,
G eo. M . Shriver, Baltimore; Sec.-Treas., J. T . Blair, Pittsburgh.
LITTLE MIAMI R R .— (See M aps Pennsylvania R R .)— Owns Cincinnati*
O ., to Springfield, O .. 84 m .; branch, Xenia, O ., to D ayton, O ., 15 m .; D a y
ton, O ., to Ind. State line, 3S m .; leases Columbus & Xenia R R ., X enia, O ..
to Columbus, O ., 55 m .; Cln. St. Con. R R ., 2 m .; R ichm ond & Miami R R .,
Indiana State line to R ichm ond, 4 m .; total, 199 miles.
L E A S E .— On Dec. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
(now Pittsburgh Cincinnati Chicago & St. Louis) for 99 years, renewable for
ever. The Penna. R R . Co. Is a party to the contract and guarantees Its
faithful execution. Rental Is 8 % on $4,943,100 original stock, 4 % on bet
term ent stock and Int. on debt. V . 84. p. 51. 815; V. 86, p. 857.
B O N D S .— T h e general 4s o f 1912 ($10,000,000 auth. issue; C ent. Trust
& Safe D ep . C o . o f Cincinnati, trustee) are to bear not over 4% in t., with
a first lien on the entire property. O f the bonds, $1,070,000 50-year,
series A , 4s, payable N o v . 1 1962, were issued to take up the 5s maturing on
that date and the remainder from tim e to tim e to pay for betterm ents when
approved, but nono can be issued until all the special betterm ent stock
authorized under the lease has been issued. V . 95, p .7 5 0 , 1331; V .9 6 ,p .4 2 0 .
Lessee’s report shows results to lessee: in 1908, loss, $142,946; In 1909,
profit, $67,171; in 1910, profit, $79,646; in 1911, profit, $189,539; in 1912,
loss, $28,188. Stock auth., $10,000,000. Beginning D ec. 1899 1-5% ex
tra paid on com m on stock each D ec. and Juno, and with 1912 1-5% also
in Sept., from surplus invested funds, m aking dividend 8 3 -5% yearly.—
(V . 96, p. 360, 420.)
LTITLE SC H U YL K ILL N AVIGATION R R . & COAL.— Owns from Port
Clinton to Tamancnd and Reevesdalc, 31.44 miles; 2d track, 26.47 m .; total,
91.71 miles. Re-leased on Dec. 1 1896 to Phlla. & Read. R y . for 999 years
and rental reduced from 7 % on stock to 5 % gold from Jan. 1 1907
D I V I D E N D S .—
1 ’04. ’05. '06. '07. '08. ’09. '10. ’ l l . ’ 12.
1913.
Slhco 1903................ % /
5
5)4 5
5 H 5 H 5 r 5M 5
5>j
5
Lessee pays taxes and organization expenses.— (V . 73, p. 554.)
LIVE O A K PE RR Y & GULF R R .— Owns Live Oak to Econfenla, F la.,
62.85 miles; Mayo Jet. to A lton, Fla., 14.41 m .: Murat Jet. to Murat, Fla.,
3.74 m .; tota l, 81 miles. Stock auth., $2,000,000; outstanding, $600,000;
par, $100. O f the bonds ($900,000 authorized issue), $714,000 were issued
to retire $405,000 old bonds and reduce floating d eb t. For year ending
June 30 1912, gross, $96,292; net, $1,870; other incom e, $3,431; int., taxes,
& c., $67,190; bal., d ef., $61,890. Pres., W . L . R oach; Vice-Pres. and
T reas., J . H . Powell; Sec. & Gen. M g r., R . H opkins. O ffice, L ive Oak.
LONG ISLAND R R .— Operates the steam surface roads o f Long Island
Leases— ( ‘ W hich see.)
M iles.
Owns—
M iles.
L ong Island City to Greenport___95 N . Y . B klyn. & M an. B ch .* .............15
L ong Island City to M ontauk____115
Trackage—
Sundry branches..............................1 1 4 Penna. Tunnel & Term inal.................. 4
Leases ( ‘ which see)—
Nassau E lectric R R . . ....................... 10
Total Deo. 31 1911....................... 399
North Shore Branch R R . ................ 30 Oper. electrically (miles t r .)---------188
N . Y . & R ockaw ay Beach R y . * . . 12 Double track.......................................132
Also owns, through the L ong Island Consolidated Electrical Companies,
the Huntington R R ., Northport Traction, Nassau C ounty R y ., Glen Cove
R R . and Ocean E lectric R y ., having com bined mileage o f 32)4 m ., lncl. 15 H
m .,glluntlngton to A m ltyvllle, opened A u g .26 1909, and a one-half interest
[Vol.
RAILWAY STOCKS AND BONDS
When
Payable
Last Dividend
and Maturity
X C V I.
Places Where Interest and
Dividends are Payable
Amount
Outstanding
Rate
%
In treasury
$388,000
400,000
1,000,000
4
4
4 g
5 g
F
J
J
M
8
4
4
Q-- M 10 J ’nelO T 3 2 1-5 Office, Fosdlck B ldg, CIn
do
do
Q-- M 10 J ’n clO 1913 1%
Farmers’L n& T rC o, N Y
M & N N ov 1 1962
4,943,100
3,832,150
1,070,000
2,487.950
5 g
714,000
5
268,703
7
4,731,000 4 & 5 g
3,000,000
4 g
1,494,000
4 )4 g
332,000
4 g
a l. 135.000
5 g
125,000
6
600,000
5 g
650,000
5 g
alOO.OOO
5
a315.000
5
5,660,000
4 g
24,008,000
4 g
4
12,247,957
a l ,262,000
5 g
5 g
a l ,601.000
a883,000
5 g
436,000
4)4
1 gno nno
5 g
i ,5oo!ooo
5
1,200,000
4 g
2,000,000
5,000,000 See te x t.
5,096,000
5 g
100,000
5 g
2,080.000
5 g
der unified mtge.
& A Feb 1 1956
& J July 1 1913 2% Office, L exin gton, K y
& J July 1 1929
Portland, Me
Central T r Co, N Y
& N N ov 1 1934
& J July 15 T 3 2)4 Office, 410 W alnut,Phlla
Safo D ep & T r C o , B alt
& O Oct 1 1942
Mtge & Trust C o,NY
& A A ug 1 1918
do
do& Lon
Q— J July 1 1931
do
do
J & D June 1 1938
do
do
M & S Mch 11922
do
do
J & 1) June 1 1932
do&
Lon
do
D
J
&
June 1 1934
do
do
M & S Mch 1 1920
do
do
J & n June 11938
do
do
M & N May 1 1937
do
do
J & .1 Jan 1 1943
do
do
J & J Jan 1 1945
do
do
M & S Mch 11949
Am Nat E xch B k, N Y
M & s Mch 11949
J & D Dec 31 1919
J
A
F
O ct 1 1932
1 1935
1 1927
Various 1926-1931
A
M
Q— J
& O O ct
& s Sept
A fir. o A p r 1 1961
A & () A p r 1 1961
& D June 1 1956
J
Seml-an Sep 15’ l l 1 )4 %
M & S Sept 1 1927
J & J Jan 1 1945
A & o A pr 1 1935
U S Mtge & T r
do
do
do
Co, N Y
do
do
do
N ew Y ork
do
do
City S & T Co, Clev& NY
Checks mailed
Guaranty Trust C o, N Y
B ood y, M cL & Co, N Y
Treas Office, St Louis
In N. Y . & Long Island Traction C o., 35 m ., and L ong Island Electric R y .,
27 m . V . 89, p. 598 V . 90, p. 1040. The Long Island trains began using
the station and tunnel o f the Penn. R R . in N . Y . C ity Sept. 8 1910.
STO C K .— $12,000,000, par $50; o f which Penn. R R . owns $6,797,900.
None
D IV ID E N D S .—
f ’82. ’83-’90. ’ 91. '92. '93. ’94. ’95. ’96.
since.
1 4 y ’ly. 4 )4 5
5 4 IS 4
4
Per cen t....................
B O N D S.— The refunding 4s of 1903 ($45,000,000 authorized Issue) are se
cured b y a Hen on the entire road, subject to the $21,992,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder, $24,008,
000, guar, as to prln. and Int. by the Penn. R R ., 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 B ay R idge and L ong Island City and for a double
track connection with the New H aven road, for additional freight and pas
senger terminals, tracks, equipm ent, 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. 8 6 8 ; V . 92,
p. 527. Due Penna. R R . O ct. 1911 for advances, $12,798,792, on account
o f which $12,247,951 debentures had been issued. V . 93, p. 1022.
Equipm ent trusts Dec. 31 1912, $3,022,000; loans and bills payable, $8 ,
721.860. Penn. Co. Dec. 31 1912 owned $1,700,000 4 % equip, certificates
and Penn. R R . $722,000.
„
'
,
The unified mortgage Is limited to the am ount now outstanding. Bonds
are subject to call at 110 in whole or in part on any Interest day. V . 6 8 ,
p. 618. Mtges. on real estate, $1,970,917. V . 76, p. 266; V . 85, p . 160.
In N ov. 1909 authority was given to Issue not over $16,500,000 10-year
4 % debentures, of which a portion to be issued to reimburse the Pennsyl
vania R R . for advances aggregating $6,062,952 on account of various Im
provements during 1905 to 1908, the remainder to cover additional im
provements. V . 89, p. 529, 1411; V . 90, p. 698, 1040; V . 93, p. 1022.
G U A R A N T IE S .— In addition to guaranteed bonds In table above, guar
antees 5% on $650,000 New York B rooklyn & Manhattan Beach pref. stock
as part rental; also 414% on $50,000 P . P . & So. Br. stock and 4 )4 % on
$82,500 of the New York & 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
the L ong Island Consolidated Electrical Companies, a holding com p any, all
of whose stock Is owned, for the trolley lines owned and controlled. See
V . 82, p. 100, 864; V . 84, p. 865; V . 8 6 , p. 1157. No bds. sold to Deo. 31 1912.
E A R N IN G S .— 4 m o s .J 1913...........Gross, $3,076,302; net, $108,595
Jan. 1 to A pr. 30.
\1912........... Gross, 2,883,287; net,
58,870
R E P O R T .— R eport for calendar year 1912 was in V . 96, p . 939.
1910.
1912.
1911.
$9,779,116
Operating revenue__________________ $11,186,656 $10,517,751
2,556,543
N et (after taxes)_____________________ 3,016.520
2,701,858
1912.
1911.
1912.
1911.
Deduc. (con.)
$
$
S
$
362,625 300,000
Oper. i n c o m e ...3,016,520 2,701,858 Joint fa cilitie s..
294,503 256,526
Rents, & c______ 365,864
350,241 M iscell. re n ts .. .
Bond in terest.. .2,465,040 2,309,209
U n f’ded secure.
64,394
96,546
and accounts- 224,794
185,939 Other in te re s t..
M is ce lla n e o u s..
33,875 29,650
Gross incom e.3,607,178 3,238,038
T otal d e d u c ..3,889,869 3,695,995
Deduct—
457,956
Lease other r’d s . 605,636
590,301 Balance, d e ficit. 282,690
H ire o f e q u ip t..
63,796
113,763 _ _ v
„ , „
. _
Pres., Ralph Peters; Treas., James F . Fahnestock, Broad St. Station.
Philadelphia.— (V . 95, p. 1040; V. 96. p . 790, 939, 1089, 1365.)
outstanding. $1,800,000; par, $ 1 0 0 .
B O N D S .— O f the first 5s o f 1913 ($2,000,000 a u th .), the $1,500,000
underwritten b y F . J. Lisman & C o . to com plete the road, are a first Ben
on the entire property; tho $500,000 unissued are reserved for terminals,
equipment, & c., when earnings are 1 ) 4 times the interost on the bonds
already outstanding and the Ohio P . S. Comm ission approvo. V .U o .p .lZ J /.
O F F IC E R S .— P res., Joseph Ram sey Jr.; V .-P res., T . D . R hodes.—
(V . 96, p . 1297, 1423.)
LORAIN & W EST VIRG IN IA R Y .— W ellington to Lorain, O ., 30 miles,
with branches, 5 m . Stock, $2,000,000, all outstanding; par,, $100. For
merly controlled b y Wheeling & Lake Erie, but con trol relinquished In
O ct. 1908, guaranty of bonds being canceled. Operated In July 1912 by
receiver of W h. & L . E . under an operating con tract. Bonds, $2,000,000
authorized. Citizens’ Savings & Trust Co. o f Cleveland, trustee. For
LOUISIANA & A RK AN SAS R Y — Owns from H op e, Ark , to T ioga,
La., 188.02 miles; extension from Packton to Jena, 29.64 miles; trackage,
Tioga to Alexandria, L a., 8.18 miles; T ioga to Plneville, L a ., 5.02 m .; gives
second entrance to Alexandria* branch Mlnden to Shreveport, 27.15 m .;
trackage near Shreveport, L a., 2.01 m .: total. 2 5 5 m. Extension from Jena
to N atchez, 47 miles, to bo com pleted fall o f 1913. Y . 93, p . 1726.
Rock Island Co. uses 36 miles, Packton, L a ., to Plneville, L a ., under track
age contract, and St. Louis Southwestern passenger trains the Shreveport
terminals under a 25-year lease. V . 93, p. 527.
STOC K.— Of the $5,000,000 out, $4 ,9 9 5 , 0 0 0 Is deposited with Guaranty
Trust Co. of N . Y .: voting trustees, 10 years, William Buchanan, Edward E .
Porter, B enj. F . Yoakum , H arvey E . Fisk and Charles L . Pack.
© D I V I D E N D .— 1906 to 1909, 3 % yearly; 1910 and 1911, 2
yearly
72
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
Louisiana R y & N avLouisville Bridge Co— S tock .
E II A N 1st M Hend to Nash g drawn at 110-C e.c'
Louisville A Nashv gen M gold drawn at 110-C e.c'
L 0 A L ex gen mtge gold (V 63, p 1010)______ G.c*
Pensacola DIv 1st M gold (drawn at 105)___F.c*
New Orl & Mob DIv 1st M N O to M obile g _ .F .c *
Second mortgage gold _______________________ c*
Southeastern & St Louis DIv first mtge g o ld ____c*
Second M gold East St Louis to E vansv A b r ..c *
First M (50-ycar 5s) $15,000 per mile gold ___Us.c*
First mtge collateral trust ($7,000,000) g old ___F.c*
M iles Date
Road Bonds
342
45
106
___
182
1903
1897
1881
1896
1912
1895
1879
1880
1881
1880
1880
1880
1881
1881
1887
1888
1890
1891
179 1895
Pen A A t first mortgage gold drawn assum ed____ c"
160 1881
10 1881
Henderson Bridge Co 1st M gold drawn 105-.CC.C1
Nashv Flor A Shell 1st M g assumed In 1900..Ce.<
105 1887
254 1896
Paducah A Mem DIv 1st M $5,000,000 g o l d .. Ba.c"
Sou A Nor A la cons M (for $10,000,000) g gu .C e.c*
192 1886
Newp A CIn Br 1st M g s f assum gu by Penn C o ..F
—
1895
L A N-So j ’ t M $7,750,000 red 105 sin ce'0 7 . Q.c*& r
—
1902
Kentucky Central 1st M ($7,000,000) gold — Mp.c*
24 / 1887
A tlanta K noxville A Northern first mtge gold__Cc
228 1896
A tl K n oxv & Nor consol M gold $10,000 p m — Us
228 1902
L & N— A tl K nox & C D iv M $50,000,000.Us.c* A r'
870 1 jii5
L & N Term M $3,000,000 gold guar jo in t ly .. Ba.c
—
1)02
E qu ipt certs g ser A due $325,000 s-a---------FL.c*
___ 1913
Louisville New Albany & Chicago— See Chicago India napoll s & Lo
Lykcns Valley— Stock— R ental pays 4 % ------------------19 ____
Macon & Birmingham— First M $500,000 gold__OB .c
97 1896
Macon Dublin & Sav— 1st M $1,840,000 g gu p & IN.c*
93 1907
Maine Central— Stock and scrip ($25,O0O,OOO)______
__
___
c Also $2,268,000 in treas. or in sink, funds. See text. A d d ’ l
f $15,000. g $424,000. i $671,000. j $38,000.
n $31. 000.
155
803
176
45
141
141
208
208
192
___
T ext
Par
Value
Rate
%
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$1,000 $10,545,000
4)4 g J
A J July 1 1953
Farmers’ Trust Co, N Y
50C
\r A S Mch 1 1950
250,00C
5 g
R W lnthrop A Co, N Y
1.00C
2.240.000
6 g
j
A J July 1 1921
S P Co, 120 B ’w ay, N Y
10C
1,500,000 8 In 1910 Seml-an Jan 2 1913 4% Pittsburgh, Pa
50C
2,500.000
5g
J
A J July 1 1946
Bk of Am er. N Y ;& Louis
1.00C
3 OO.OOC
4)4
M & s Sept 1913-22
1.00C
4.500,000
4 g
M A s Mch 1 1945
J P Morgan ~A~ Co",” N~"Y
10C 72,000,000 7 In 1913 F A A A ug 9 1913 3 H 71 Broadway, New Y ork
1.00C
970,000
6 g
J
D Dec 1 1919
do
do
1.00C d 4 ,136,000
6
J
A D June 11930
do
do
1.00C
3,258,000
4)4 g M A N N ov 1 1931
do
do
1.00C
e250,000
Gg
M A S
do
do
1,000 b4,993,000
6 g
J A J
do
do
1,000
1,000,000
J A ' J
6 g
do
do
1,000
3,500,000
M A s
do
do
1,000 s3,000,000
3 g
M A s
do
do
1,000 f l , 749,000
5 g
M A N
do
do
1,000 g4 ,705,000
5 g
M A N
do
do
1,000 Ac c61.871.000
4 g
J A j
do
do
1,000
617,000
5 g
M A s
St Louis T r Co, St Louis
1,000
4,000,000
4)4 g M A s
71 B roadw ay, New York
1,000
1.782.000
6 g
F A A
do
do
1,000
1,068.000
6 g
M A S
do
do
1,000
1,996,000
F A A
5 g
do
do
1,000 r4,619,000
F A A
4 g
do
do
1,000
F A A
7,292,000
5 g
do
do
1.000
1,400,000
A J
4)4 g J
do
do
1,000 Ac n5,882,500
4 g
P
J P Morgan A Co, N Y
1,000 j6.704.000
,T A J
4 g
71 B roadw ay, New York
1,000
999,000
J A 1)
5 g
do
do
1,000
500,000
4 g
M A S
do
do
1,000 Ac z24,745,000
M A N
4 g
do
do
1,000
2.500,000
J
A D
4 g
1,000
J & D
6,500,000
5 g
N ew Y ork
ulsville.
20
600,000
4
J & J .
Office, 13 W illiam St,N Y
1 .0 0 0
500,000
5 g
T A J .
No coupons ever paid
1,000
1.390,000
J
A ,J . m 1 1947
5 g
New York Trust Co, N Y
100 See text. 3 in 1912 C— J . ily 1 1913 . „ Office, Portland, Me
amounts owned by 3o. J ly 1912. viz
b $7,000. d i$17,000. e $5,000.
r $217,00 0. s $2,000 1 t $772, 000.
B O N D S.— The unissued first 5s (total limited to $7,000,000) are reserved
for betterm ents, equipment and extensions, of which $1,000,000 reserved
for bridges across Black and Red rivers, and the balance limited to $20,000
per mile o f com pleted railroad. The entire am ount outstanding, but no
art, Is subject to redemption at 110 and Interest on any Interest date.
eglnnlng 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.
E A R N IN G S .-F o r 9 m os. ending M arch 31:
9 M os.—
Gross.
N et.
Other In c. Charges. B al.,S ur.
1912-13....... .................$1,257,437 $427,937 $28,926 $243,283 $213,580
1911-12......................... 1,081,198
339,807
28,510
229,515
138,803
R E P O R T .— For year ending June 30 1912 In V. 95, p. 1198.
Year—
Gross.
Net.
Olh.lnc. Chgs.,& c.
Dividends.
Balance.
1 9 1 1 -1 2 --$ !,4 9 5 ,111 $487,440 $38,401 $308,292 (1 K )$62,500 $15 5 ,10S
1 9 1 0 -1 1.. 1,432,638 486,744
49,527 268,946 (2 M) 118,750 148,576
Pres., W m . Buchanan, Texarkana, A rk .— (V . 95, p . 1040, 1198.)
S
LOUISIANA & NORTH WEST R R — Owns Magnolia, A rk ., to N atchi
toches, L a ., 115 miles; trackage, Magnolia to MoNell, 6.4 miles.
Stack out. $2,300,000; par, $100. Of 1st 5s o f 1905 ($10,000,000 auth.
Issue), $150,000 Is reserved to retire the old bonds and $70,000 for Im
provements, equipment, A c. V. 82, p. 628: V. 85, p. 1462. Stockholders
on O ct. 25 1911 authorized the Issuance of $1,860,000 3-ycar 5 % collateral
notes secured b y $3,100,000 1st M. bonds and an extension of the road.
V . 93, p. 731
F or year ending June 30 1912. gross, $284,460; net, $38,702.
other incom e, $2,050; in t., taxes, & c., $175,003; bal., d ef., $134,043. In
1910-11, gross, $292,822; net, $57,836; other incom e, $1,850. Pres, and
T reas., G eo. W . Hunter, S t.'L ou is; S ec., John A . Richardson, H om er, La.
— (V . 93, p . 1462.)
LOUISIANA RY. & NAVIGATION CO .— Owns New Orleans to Shreve
port, L a., 305.6 m .; Colfax to W infield, 28 m .; Plneville to Ems, 8 )4 m .;
Meneelys to end of track, 2.84 m . Stock auth., $12,000,000; outstanding
June 30 1912, $8,131,000; par, $100. First M. bonds (see table above) are
limited to $17,500,000 total Issue and $23,000 per mile; $300,000 has also
been Issued for a bridge over the R ed R iv er at Alexandria; $4,000,000 was
reserved for New Orleans terminals, of which $2,414,000 Issued to Sept.
1912. Sec V . 77, p . 36, 769. Decision, V . 95, p . 544. Car trusts out
standing. June 30 1912, $294,603; loans and bills payable, $193,544.
E A R N IN G S .— 10 m o s.,/1912-13..........Gross, $1,591,019; net, $416,322
July 1 to April 30. \1011-12_____ Gross, 1,556,523; net, 416,058
For year ending June 30 1912, gross, $1,783,970; net, $463,202; other
incom e, $78,604; charges, $694,716; bal., d ef., $152,911.
Pres., W m . Edenborn, Hibernia B ldg., New Orleans; 1st V .-P ., C. B.
Rogers; Treas., II . B . Helm; S ec., J . J . Tlppln.— (V . 95, p . 544.)
LOUISIANA SOUTHERN RY. — Owns New Orleans, L a ., to Polnte-a-laH ache, L a ., 45 miles, Incl. extension from Belalr to Bohem ia, 22 m .,
opened June 1912; P oyd rasto Shell Beach, 16 m .; total, 67 miles. Steam
for freight and gasoline m otor cars for passenger service. Leased to St.
Louts A San Francisco from F eb. 1 1911 to F eb. 1 1923 for account of owners
under division of net earnings, with no obligation whatever b y the S t. L .
& S. F . A reorganization In 1897. In Jan. 1901 the United R ailw ay A
Trading Co. of England acquired over 95% of the stock and bonds, that
com pany also owning the Kenilworth Sugar Estates, 10,000 acres. V . 76,
p . 706. S tock, $300,000: par, $100. Dividends In 1900-01, 7 % ; 1901-02,
7 ) 4 % ; 1905-06, 4 ) 4 % . Year ending June 30 1912, gross. $114,506: net,
after taxes, $19,430; bond in t., $26,275; b a l., d e f., $6,845. Pres., E . A .
H opkins, N ow Y ork ; S ec., S . G ibbs, L ondon , E ng. O ffice, N ew Orleans,
L a — (V . 95, p . 618.)
LOUISIANA WESTERN RR. — (See M ap oj Southern Pacific) .— Owns
from Lafayette. L a ., to Sabine R iver, 105 miles; Abbeville to Mamou, 68 m .;
M allard Jet. t o Lako Arthur, 34 m .; total, 207 miles. Operated indepen
dently. Southern Pacific owns all the $3,360,000 stock. Dividend on
stock in 1905-06 and 1906-07, 10% yearly; In 1907-08 , 8 5 % ; In 1908-09,
2 0 % ; 1909-10 and 1910-11, 1 5 % ; 1911-12, 1 0 % . In 1911-12, gross, $1,
973,351; net Incom e, $561,624; surplus after charges, $329,585.— (V .
74, p . 268.)
LOUISVILLE BRIDGE CO.— Owns bridge 5,294 feet long over Ohio
River at Louisville, K y ., and about 3 miles track In Louisville. Used by
P . G . C . & St. Louis R y ., & c. Penn. C o . Jan. 1912 owned $902,000 stock.
D Ivs. since 1902: 1903, 13% (V . 79, p . 2747; V . 78, p. 102); 1904, 4 % ; 1905,
6 % ; 1906, 7 % ; 1907 , 8 % ; 1908, 16% ; 1909 to 1912, 8 % ; 1913, Jan., 4 % .
F or cal. year 1912, gross, $251,807; net, $131,919; other Inc., $1,175; dlvs.
( 8 % ) , $120,000; b a l.. sur., $ 1 3 ,0 9 5 — (V . 86, p. 285.)
LOUISVILLE HENDERSON & ST. LOUIS RY.— R O A D .— Louisville
to Henderson, K y ., 144 miles (Including 6 miles trackage); Irvington to
Fordsvllle, K y ., 44 miles; L. A N. trackage, Henderson, K y ., to Evans
ville. In d .. 12 miles: total, 200 miles. Loulsv. & Nashv. In 1904-05 ac
quired $776,081 of the $2,000,000 5 % non-cum . pref. and $1,631,385 of the
$2,000,000 com m on stock (par $100). V . 81, p. 1100.
In M arch 1913 a m ajority o f the prof, deposited with Bankers T r. C o . had
accepted the offer o f $38 per sharo for their stock. Y . 94, p . 207; V . 95,
p . 1274; V . 96, p . 653.
E A R N IN G S .— 10 m o s .,11912-13____Gross, $1,024,177; net, $154,531
July 1 to April 30. (1911-12____Gross, 1,074,615; not, 266,944
R ep ort for year ending Juno 30 1912 In V . 95, p . 1270, showed: Gross,
$1,279,469; net incom e, $263,452; charges. $230,143; bal.. surp.. $33,309.
P res., Lucien J. Irwin.— (V . 95, p. 1270, 1274, 1472; V . 96, p . 653.)
LOUISVILLE & JEFFERSONVILLE BRIDGE CO.— One-half mile long;
approaches 1 mile; 40 acres In Louisville and about 60 acres In Jeffersonville.
S tock, $1,425,000; mtge. Is for $5,000,000: bonds for $500,000 are reserved
for future construction, A c.; the bonds are guaranteed Jointly and severally
b y the Chesapeake & Ohio and Cleveland Cincinnati Chicago A St. Louis, In
wnosc Interest the stock Is owned; any deficit on account of the bridge Is
payablo b y 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.)
Amount
Outstanding
[ V o l . X C V I.
™„lr?fi,IS y ,LL£.
NASHVILLE R R .— (See M a p .)— R O A D .— Operates
main line from Cincinnati, O., to New Orleans, L a., 921 miles; with branches
to b t. Louis, M o., Memphis, T enn., A c., 3,819 miles, m aking June 30 1912:
Lines
through■. *>»« owned absolutely or .t.
. Reported separately—
M iles.
capital stock—
M iles. •Nashville Chatt. A St. L o u is .. 925
Louisville to Nashville..........
181 •Georgia Railroad system _____ 571
3,990 •Loulsv. H end. A St. L ou is___ 182
Sundry other lines________
Lines leased, & c.—
•Chic. Ind. A Louisville............ 616
•South. & North. Alabama R R . 193 •New Orl. Mobile A C hicago. . 547
Other lines......... .................
4 5 0 Lexington & Eastern.....................
96
Operated for other com panies.I 222 Other lines_______________ .
4
.
.
--------- Owned but leased to other c o s .I
21
7<?talSYstem Pr°Pcr................ 4,740 Do. Paducah A Mem. D i v . . . 248
See this com pany.
T otal of all July 1 1912.
7 948
acquired control join tly with the St. Louis & San Francisco
0f
P Tleans Mobile A Chicago R R .See that com pany below
„
. 1 acquired practically all the securities of the Lexington & East
ern R y., Lexington to Quicksand, K y ., 96mIIes, and Is extending theroad
fro7i
miles, o f which 86 miles opened O ct. 1912. V . 91
p. 1447; V . 92 p. 1701; V. 95, p . 898.
i ln
* t*le Court held Illegal the purchase of the Frankfort A Cin
cinnati R R ., Frankfort to Paris, K y ., 40 miles. V . 93, p. 45.
Coasl L ^ e .— L ate In 1902 the Atlantic Coast Line R R .
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.
?kvT-rrhe stockholders voted O ct. 2 1912 to Increase the stock from
$60,000,600 to $72,000,000, the $12,000,000 new stock being offered to
stockholders of record N ov. 7 1912 pro rata at par, to pay for Improve
ments and equipment. V . 95, p. 544, 908, 1123.
D IV S. f ’94-'98. ’99. ’00. ’01-’04. ’05-’07. 1908. ’09. '10 to '12. 1913
a .6 1 *
? 93 *& None 3 )4 4 5 y 'ly 6 y ’ly
5 )4 5 )4
7 y ’ly
7
Also In Feb. 1908 1% In Louisville P roperty Co. stock. V . 8 6 , p .2 2 9 ,4 2 1 .
B ON DS.— Ev. Ilend. & Nash. 6 s arc drawn at 110 annually In amounts In
creasing each 5 yrs. until $150,000 per year is reached; 1912, $110,000
Pensacola Div. bonds are now called $20,000 yearly. V. 81, p. 265 726
The general mortgage bonds of 1880 are called at 110 In Increasing amounts
each year; $556,000 were paid June 1 1913. V. 96, p. 947.
In June 1890 the "unified'' mortgage (trustee, Central Trust Co ) for
$75,000,000 was authorized, $41,917,660 bonds being reserved to retire
all prior liens (none of the prior liens can be extended), the balance for
Improvements, extensions (at the rate of $32,000 per mile. Including equip
m ent), and for other purposes. The m ortgage covers (besides 1 9<)4 miles
$(& d„5;?cL equipm ent), $26,473,606 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 April 1913 com pany
reported $64,156,000 outstanding, of which $2,268,000 In' treasury and
8 17,000^inslnklng funds. V . 81, p. 1848; V . 8 6 , p. 1344; V . 8 8 , p . 295; V.
Mobile & Montgomery— Louisville & Nashville Joint mortnaae Is for
55,000,000; $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 & Nashville Terminal 4s.— Jointly guaranteed, prln. and Int
by L. A N. and Nashv. Chatt. & St. L. See form , V. 8 8 , p. 1313.
"
In 1902 the Louisville A Nashville and the Southern R y. acquired $9 796,900 of the $10,500,000 Chic. Indianapolis A Loulsv. com m on and
$3,873,400 of the $5,000,000 pref. stock In exchange for their Joint 50-ycar
4% bonds. V. 74, p. 1138; V. 76, p. 593. Of the $15,500,000 join t bonds
secured b y deposit of this stock, $1,563,000 are reserved to acquire re
maining ’ ‘M onon” stock and $2,110,000 for lm p ts.,A c.. $590,000 yearly.
The Atlanta Knoxville A Cincinnati division 4s ($50,000,000 authorized)
cover 870 miles. Of the bonds, an equal amount will be reserved to retire
at m aturity underlying bonds, viz.: K entucky Central 4 s, $6,742,000’
Atlanta K n oxv. A North, bonds, $1,500,000. The line from Livingston to’
Jelllco, 61 miles, Is subject to prior lien of unified mtge. V. 80. p. 872; V
84, p. 1428; V. 92, p. 1178, 1311, 1565; V . 96, p. 716, 1 0 2 2 .
T he 86,500,000 equipment series “ A ” 5 % gold certs, m ature $325,000
semi-an. to D ec. 1923. V . 96, p. 1298.
FIN AN C ES.— In O ct. 1912 $12,000,000 stock was offered to stockholder 8
s(.4bsFrcRt*<in at par. V . 95, p. 544, 968. In A ug. 1912 dlvs. on Nashv
Chatt. & S t. Louis stock (S 7,177,600 owned) were Increased to 7 % .
19
13 S°M 84,500,000 Atlanta K noxville & Cincinnati D iv , 4 s.
and S4,000.000 unified 4 s, and in M a y 1913 $6,500,000 5% equipt. certs
Bonded debt per mile M a y 1911, $31,553; stock, $12,373. V . 92, p . 1565.'
E A R N IN G S .— 10 m o s .,11912-13..G ross, $49,726,295; net, $13,065,776
-r, Ju*y 1 to April 30. 1 19 1 1 -12 ..Gross, 47,214,648; net, 14,475 078
$ 2 ? ; ending Feb. 28 1913, net, after taxes, & c., $11,036,166. asrat
$11,833,807 in 1911-12; taxes, $1,234,933; other lncom o, $2,009,911- fixed
charges. $5,063,355; bal., sur., $6,747,789. V . 96, p . 1298!
’ Uea
R E P O R T .— R eport for 1911-12 In V . 95, p. 880. 895; see also d 862
Year ending June 30—
1 9 i2 .
1911.
1010
Average m ileage......................................
4,710
4,598
4 55 4
Freight earnings.......................................$40,601,288 $39,066,034 $38 421 7 7 9
Passenger earnings.................
12,227,934
11,641,309 10 796 998
Mall express A c..................................... 3.382,560
3,286,398
3 214 605
Gross earnings....................................... $56,211,788 $53,993,741 $52,433,382
Operating expenses.................................. 39,026,327 38,479,823 34,985,579
Net e a r n in g s .................................._$ id.TS.'i, 10,1 3 1 ,-,,.->13 mix
Net, Including Investments, A c ...........$19,014,235 $17,534 000 $17,447,803
$19,302,398
T a x e s .......................................................... 1,854,684
1 938 0 8 9
1.602,632
Interest and rent....................................... 6.709.149
6 505 138
6,496,311
Advances to S. A N. A .. A c................
039,581
302 230
523.959
Sinking fund paym ents..........................
250,049
233 204
266,240
Dividends ............................................... (7)4.200,000 (7)4,200 000 (7)4,200,000
Surplus over dividends.......................$5,360,772
$4,355,333
$6,213,256
J u n e , 1 9 1 3 .]
RAILWAY STOCKS AND BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes onfirst pace. ]
M aine Cent (Concl)— Cons ret M $25,000,000 g . . c * Ar
Collateral trust bonds for Mt Desert B ra n ch ._A B ,c
Irapt bonds " A ” A “ 13” not m tg s f . _ ’ --------------------Maine Central Eur A No Am refunding mtge g o l d ..
Notes $2,000,000 (V 88, p 0 86 )...................... ...............
x First M Penobscot Shore Dine R R Co a ssu m ed ..
x K & L 2 d M (for $400,000) a ssum ed ..........._.B B
x W ashington County 1st M per mile g gu red.Ce.c~
x Somerset Ity llrst m ortgage-------------------------------- c
x Consolidated mortgage $420,000 gold -------------•x First and refunding mtge $1,500,000 g o ld ..A B
Guaranteed I s s u e s —
European A Nor Am stk 5 % rental 999 years____
Portland A Ogdensburg stock (2% rental 999 yrs) . .
1st M guar prln A Int endorsement (V 86, p 1285)
Dexter A Piscataquis stock 5 % rental 999 y e a r s ..
First mtge Dexter to Dover Ac guar by end ..B B
Hereford Ity stock (rental 999 years)--------------------First mortgage guar prln and Int (endorsed)____
Upper Coos HR stock 6 % rental 999 years______
First mtge guar prln and Int (endorsed)____ ____
Extension M $21,000 p m guar prln A Int (e n d )..
Dexter A Newport stock 5 % ---------------------------------First Id (old 6s refunded In 1897) guar pAI end c
East Maine stk 4 )4 % rental 999 years____________
Sandy Itlv & R L 1st M red par begin 1913______
Portland Union Station series A ” A " B ” (text) _s f
Portland Term new M $10,000,000 g gu xc*&r (text)
Portland A Rum ford Falls R R — See that com pany
Manchester & Lawrence— Stk 10% rent till '37 B & M
Real estate bonds (not mtge) Int guar by B A M _ .c
Manhattan (Elevated) R y, N Y— Stock $60 ,00 0 ,0 0 0..
N Y Elev debentures secured b y cons mtge of 1890
Manhattan Elev cons (now 1st) mtge gold . .C c.c* Ar
Manila RR— 1st M Sou Lines g Int gu s f red 1 lOFc* Ar*
1st M on "N o r Lines” (2d on Sou) $7,500,000 au.C e
2d M on “ Nor Lines” (3d on Sou) $12,500,000 au ._N
Manistiquc & Lake Slip— Inc M 4%. n-c $1,300,000 au
Manist & N E— 1st M g due part y ’ly red te x t..C C ,c*
Hies Date Par
Amount
Rate
load Bonds Value Outstanding %
73
When Last Dividend Places Where Interest and
Payable and Maturity Dividends are Payable
1911 $ l,0 0 0 A c
41 1883
1 ,0 0 0
___ ’86-’87
1 ,0 0 0
56 1893
1 ,0 0 0
1909 1 , 0 0 0 Ac
48 1890
1 ,0 0 0
48 1891
1 ,0 0 0
139 1904
1 ,0 0 0
42 1887
500 &c
42 1900
500 Ac
94 1905
1 ,0 0 0
See text See text J
A J July 1 1961
$669,000
J
5
A D June 1 1923
450,000
J
* J July 1916-17
4H
1 ,0 0 0 , 0 0 0
4 g
J
A J Jan 1 1933
2 ,0 0 0 , 0 0 0
4
Q— J April 1 1914
1,300,000
F A A A ug 11920
4
400,000
F A A Feb 1 1921
5
2,500,000
J Jan 1 1954
3H g J
225,000
5
J
A J July 1 1917
172,500
J
4 g
A J2 July 2 1950
864,000
4 g
J
& J July 1 1955
N Y Boston and Portland
American Trust, Boston
N Y , Boston & Portland
do
do
do
do
N Y , Boston A P ortland
do
do
N Y , Boston A Portland
Nat Shaw Bank, Boston
do
do
Amer Trust Co, B oston
126
2,494,100
4,392,538
2,119,000
Treas office, B angor, Me
Maine Cent Off, Portland
N Y , Boston A Portland
Office, Dover, Me
Bos Safe Dep A T r Co
Treas office, Portland
N Y , Boston A Portland
Office, Portland, Me
N Y , Boston & Portland
do
do
Treasurer’s office, P ’tl’d
N Y , Boston A Portland
Office, R ockland, Me
Gardlner.M e,&lstN B,Bos
Fidelity Tr Co, Portland
N Y , B oston & Portland
1 10
110
17
17
53
53
55
22
33
14
14
19
1908
1889
1890
1890
1890
1897
1908
. . _ ’ 87-’89
. . . 1911
101
22
37
32
37
68
165
1892
1886
1890
1909
1907
1907
1909
1909
100
100
1 ,0 0 0
100
1 ,0 0 0
100
1 ,0 0 0
100
500 Ac
500 &c
100
1 .0 0 0
100
1 ,0 0 0
1 ,0 0 0
1 , 0 0 0 &c
100
1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0 Ac
1,000 Ac
1 ,0 0 0
1 ,0 0 0
O FF IC E R S .— Chairman, H enry W alters, N. Y .; Pres., M. H . Smith,
Louisville; 1st V .-P .. W . L. M apother; 2d V .-P .. W m . J. Dickinson, 71
B ’way, N . Y .— (V . 96, p . 285, 653, 716, 947, 1022, 1089, 1298, 1488.)
LYKENS VALLEY RR. & COAL CO. — Owns from Mlltersburg, P a., to
Wllllamstoivn, Pa., 20 miles. New lease to Northern Central for 99 years
from July 1 1910 provides for annual rental of $24,000 (equal to 4 % on
stock) organization expenses and taxes. V . 92, p. 527. Dividends paid In
1910, 7 Yi%\ 1911 to 1913, 4 % yearly.
MACON & BIRMINGHAM RY. — Owns Sofkee Jet. to La Grange, Ga.
96.87 miles; trackage, Sofkee to Macon, Ga., 8.13 miles. In 1908 a receiver
was appointed; now John B. Munson. V . 86, p . 337. In year 1911-12
gross, $165,172; net, $38,543; other Income, $570; in t., taxes, & c., $57,445;
b al., d of., $18,331; total profit and loss, d ef., 3694,269. In 1910-11, gross.
$154,995; net, $18,360.— (V . 86, p. 337 V. 91, p. 945.)
MACON DUBLIN & SAVANNAH RR.— Owns road from Macon to
VIdalla, Ga., 93 miles. Stock, $3,200,000 auth.; outstanding, $2,040,000
(par $100). Seaboard Air Line R y. guarantees bonds, prln. and Interest.
V . 89, p . 43. V . 84, p. 102, 450. For year ending June 30 1912, gross,
$530,464; net, $30,999; other Income, $574; Int., rentals, A c., $39,585.
Pres., James A . Blair Jr., N . Y .; Sec. A Treas., A . S. Hale.— (V . 92, p . 396.)
1 2 2 ,0 0 0
175,000
800,000
800,000
350,000
350,000
693,000
1 2 2 ,0 0 0
175,000
2 0 0 ,0 0 0
837,000
300,000
4,500,000
5
2
4)4
5
4
4
4
6
4
4)4
5
4
4 )4
4
4
4 g
A
A
Q-—F
M
A
,T A
.1 A
M A
M A
M A
M A
M A
J
M A
M A
F
,T A
J A
1 ,0 0 0 , 0 0 0
10
M
274,000
4
J
60,000,000
7
1 ,0 0 0 , 0 0 0
5
M
39,777,000
A
4 g
5,511,000
M
4 g
See text
6
See text
7
1 , 1 0 0 , 0 0 0 Up to 4 J
1,371,000
5 g
J
O
28
N N ov 1 1 9 2 8 '
J
J
N
N
N
N
N
J
S
N
A
J
J
A
A
N
J
A
A
A
S
O
N
A
A
J
J
1 1913 5%
1 1922
1 1913 l h
1 1916
1 1990
1 1939
1 1956
1 1956
1 1934
1914-1939
Manchester and Boston
Bost & Me R R , Boston
21 Park R ow , New York
Bankers Trust Co, N Y
do
do
N Y , L ondon , &c
Detroit
N Y A Grand R apids
authority to purchase stock. V . 92, p. 1108. In 1895 a d lv. of 50% paid
from proceeds of C. & M. suit.— (V. 73, p. 1264.)
/0 y
M A N H A T T A N R Y . ( E L E V A T E D ) . — Owns all the elevated railroads In
boroughs of Manhattan and the B ronx, N. Y . City, main line and branches
37 )4 miles, double-tracked, with 42)4 miles additional third track, sidings,
& c.; total track, 118 miles; 3d rail electric. T he 2d, 3d and 9th A ve. lines,
under agreement with the city made in M arch 1913, are being 3-tracked and
extended into the Bronx— see Interborough R apid Transit C o .
L E A S E .— The Interborough Rapid Transit Co. leases the road for 999
years from N ov. 1 1875, guaranteeing 7% per annum on the stock. V . 75.
p. 1202, 1302; V. 76, p. 212; V . 79, p. 2456; also Interborough R apid Tran
sit C o., V . 76, p. 101. Guaranty, V. 76, p. 480.
.B O N D S .— Consols beyond $40,000,000 m ay be Issued for extensions at
$300,000 per mile of single and $600,000 per mile of double track. Of the
?U .7 1 2 ,0 00 are tax-exem pt. (See abstract of m tge. in V . 51,
p. 248, and com pare V. 87, p. 285.)
T o 1898 claims aggregating $8,847,854 had been paid as damages to
abutting property. In 1907-09 paid franchise tax 1900 to ’08 ($4,876,545).
■ R E P O R T .— For year ending June 30:
Year ending June 30—
1911-12.
1910-11.
1909-10.
M l?SSn?tPCr? tlnBrevenue......................... $15,552,484 $15,414,146 $15,055,142
Net, after taxes....................................
7,406,922
7,318,164
7,273.307
Gross In co m e ..
7,458,692
7,337,494
7,298.942
Interest and rentai p a i d . . ................... 1.657.656
1.657,656
1,657,754
Dividends ( 7 % ) ....................................... 4.200,000
4,200,000 4,200,000
Balance, s u r p lu s ..................................$1,601,036
$1,479,838 "$1.4417/88
— (V . 91. p. 94; V . 93, p. 286; V . 94, p. 279; V . 95, p. 1331.)
M A N I L A R R . — (Gauge, 3 f t . 6 in .)— This com pany, organized In New Jer
sey in 1906, has taken over and Is operating the only steam road on the
Island of Luzon, Philippine Islands, 208 miles (V . 88, p . 1313; V . 91, p . 215;
V . 83, p. 1348). The Speyers are Interested.
Total lines authorized, 820 miles, viz.: (1) “ Northern L ines,” to com prise
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 Governm ent wharves and warehouses. In operation June
1912 296.5 miles of Northern Lines and 150 miles of Southern Lines. The
two systems (and their accounts) are required to be kept distinct, as if owned
by separate com panies, but under the same management.
Of the stock, $3,652,800 7% cum . pref. and $2,130,700 com m on, all but
directors’ shares are held by the Manila R y . (1906), L td. (see below.)
B ON DS.— The Manila R R . (Southern Lines) 1st gold 4s of 1909 guar- anteed as to Interest b y the Philippine Government under A ct of U. S. Con
gress, are limited to $30,000,000, o f which $5,511,000 have been sold.
The bonds are redeemable as a whole at any time at 110 or b y lot for a sink
ing fund of >4 of 1% yearly from May 1 1919 to A pr. 30 1928, and 1% yearly
thereafter. V . 91, p. 215. 276. 717; V. 91, p. 1711; V . 93. p. 45.
All the outstanding bonds on the Northern Lines (see table abov e), nam ely
$4,330,000 1st M. 6 % bonds and $7,716,000 2d M. 7 % bonds, as well as aft
tho stock heretofore Issued by the Manila R R . Co. (excepting shares to
qualify directors), are owned by the Manila R y. 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 £399,340 Is o u t),
and are deposited with the Merchants’ Trust C o., L td ., as collateral for the
bonds Issued by the Manila R y . Co. (1906), L td .: (a) £2,000,000 4 % “ A ”
debenture bonds, due Jan. 15 1956 (m ay be Increased b y £250,000); and
are 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
m ay be Increased by £250,000). V . 87, p. 166; V . 88, p. 1197; V. 90, p. 303.
D IR E C T O R S A N D O F F IC E R S .— H orace L. H iggins (Pres, and Gen.
M g r.), Manila; J. G. Metcalfe (V .-P .), David D. Davis (2d V .-P .), A lex.
Am end, D . P . Bennett. Chas. A . Conant, Richard Schuster, W ade Gard’ner
J. S. Ulman, J. G. MUburn, New Y ork; Frank M cIntyre and Felix Frank
furter, Bureau of Insular Affairs, W ashington, D . C .; E . M. H eberd, New
Y ork. Is See. and Treas., and Harding W . Dunnett, Manila, A sst. Soo.
N , Y . office, 45 Nassau St.— (V . 93, p . 45.)
MAINE CENTRAL RR. — Line of road, Portland to V anceboro, M e., via
Augusta, 265 m . (incl. trackage Portland to Falmouth, 7 m .); branches,
R oyal Jet. to Skowhegan via Lewiston, 91 m .; Bath to Lewiston and Farm
ington, 78 m .; Oakland to Kineo Sta., 95 m .; Portland and Rum ford Falls
System, 102 m .; Bath to R ockland, inch ferry (0.60 m .), 49 m .; Belfast,
M ainstream , F oxcroft, B ucksport and M t . Desert, incl. ferry (7.7 m .)
150 m .; W ashington C ounty, 139 m .; Portland to St. Johnsbury, V t.,138
m . (incl. 11 m. trackage from East Y d . to St. Johnsbury S ta., V t.); also
trackage o f 7.31 m . from Portland Union Sta. to Windham Lino, M e .,
Quebec Jet., N . It., to Lim e R idge, P. Q ., 108 m .; total, 1,215 m ., o f which
643 owned, 496 operated under 999-year leases and practicahy owned,
33 m . undor 50-year lease, 28 under 1-year leaso, 7 under trackage rights and
8 miles ferry lines.
Somerset R y ., Washington County R y. and Scbasticook & M ooseheadR R .
were merged In Co. July 1 1911. V. 92, p. 725, 1565; V. 93 p 45
In A ug. 1911 purchased entire stock of Sandy River & Rangeley Lakes
R R ., a 2-ft. gauge road extending from Farmington to Marbles Me.,
47 miles, and Strong to Bigelow, M e.. 31 miles, with branches, a total of
105 miles. V . 93, p. 4 0 8 , 5 8 9 , 9 4 0 ; V . 9 4 , p, 6 9 8 . Leases from Jan. 1
1912 part o f S t. Johnsbury A Lake Champlain R R ., Lunenburg V t to
S t. Johnsbury. 23 miles, with 5-mlle branch. V . 9 4 , p. 6 8 . In July i.912
acquired entiro stock o f Bridgton & Saco R iver R R ., a 2-ft. eau^o road
Harrison to Bridgton J et., M o ., 21 miles. V. 95. p. 176.
Rangeley Lakes & M egantlc R R .; incorporated to build from Oquossoc
M o ., to Canadian border, 30 miles; opened for operation D oc. 23 1912’
V . 95, p . 1202.
S T O C K .— Outstanding M ar. 31 1912, $24,710,733, o f which $15,960,100
was owned b y B os. & M e. V .9 2 , p . 1108. This includes $186,050 subscribed
b y stockholders at par in installments to M ch . 31 1912. V. 93, p. 164.
Stockholders voted M a y 24 1912 to increase the authorized stock from $12,
000,000 to $15,000,000, $5,000,000 new stock being offered to stockholders
at par, payablo either (a) $25 O ct. 1 1912, $25 Jan. 1 1913 and $50 M ch . 1
1913; or (b) in full on O ct. 1, or (c) $25 O ct. 1 and $75 Jan. 1 1913. V.
94, p. 1384, 1626.
, ,
Stockholders on Jan. 8 1913 authorized an increaso in the stock from
$15,000,000 to $25,000,000, tho proceeds o f the now stock to bo used to
retlro tho floating debt, the new stock being offered to stockholders at par
payablo 50% M ch . 1 ,2 5 % July 1 1913 and 25% Jan. 1 1914, or optionally in
full on any o f said dates. V . 96, p. 136.
D IV S .—
1 '84-’02. '03. ’04-’06. '07. '0 8 -T 0 . ’ l l . ’ 12
1913.
(Since 1 8 8 3 )% /6 y ’ly . 6 K 7 y ’ly .
7M 8 y ’ ly. 7)4 o 1 1 4 ,1 )4 ,1 )4 ,B ON DS.— There are also $81,000 Maine Shore Line 6s assumed, due 1923,
also $61,000 Belfast A Moosehcad Lake mtge. bonds, due 1920 not guar
anteed, Interest and sinking fund paid out of rental; A nd. A Ken. stock
bonds, $11,000, exchangeable for M . C . stock; the A . & K . stock bonds are
included in the a bove outstanding stock. V . 95, p. 1332
M A N I S T E E & G R A N D R A P I D S R R . — Manistee to Marlon. M ich., 73 m .;
The consol. 50-ycar refunding mtge. bonds of 1911 ($25,000 000 auth
Issue; Union Safe Deposit A Trust Co. of Portland, trustee) are to bear not Filer C ity to Sands, 2 m . On Jan. 24 1913 Charles II. M orey o f M anistee,
exceeding 5% Int. Compare V. 93, p. 346, 105, 726. The mortgage covers M ich ., was appointed receiver. V . 96. p. 360. Stock auth., $1,000,000;
all present railroad and equipment of the com pany and Its merged lines but ou t., $450,000; par o f shares, $100. Bonds outstanding last accounts,
$265,000. F or year ending June 30 1912, gross, $84,798; oper. d e f..
not leasehold Interests. None of the consols had been sold in June 1913
$10,288: in t., taxes, & c., $35,149; bal., d ef., $45,437. Pres. II. W . Sea
$12,000,000 1-year 4 % notes wore paid M a r. 15 1913. V . 96, p. 7 9 0 /
man: T reas., B . C . Simmons. O ffice, M anistee, M ich .— (V . 96, p. 360.)
Purposes fo r which the $25,000,000 Consols A re or Were Reserved
Reserved to refund $5,542,500 branch line obligations, Incl. those
"
M A N I S T E E & N O R T H E A S T E R N R R . — Owns from Manistee, M ich., to
marked ” x ” In table above, and $81,000 Maine Shore Line R R
Traverse City, 71 m .; Solon to P rovem ont, 15 m .; Platte River to Empire,
29 m .; other, 68 m .; sidings and spurs, 51 m .; leased, 1 m .; operated under
6s duo June 1 1923 ($669,000 additional of the latter being
pledged to secure Maine Central coll, trust bonds due June ’23) $5 543 000 contract, 6 m .; total, 241 miles. Stock, $2,000,000.
Reserved to retire 5-yr. coupop notes due A pr. 1 1914.........
2 000’000
Of the bonds ($1,500,000), $40,000 mature Jan. 1 yearly from 1912 to
Remainder, Issuable for any lawful purpose_______
17’457’o o o
1938. Sinking fund of 5 0% of surplus Income, beginning July 1 1910 la
to be used to call bonds b y lot at 102)4 and Interest until $1,000,000 have
Guar, bonds o f D epot A Portland Term inal C o ., seo'th a t co. ’
been canceled. V . 88, p. 375, 823; V . 90, p. 1363. R eport for cal. year
E A R N IN G S .— 1° m o s .,/1 9 1 2 -1 3 --..G r o s s , $9,449,430; net. $2,751,561
1911, in V . 95, p . 39. In 1912, gross, $584,699; net, $129,694; charges,
July 1 to April 30.
\1911-12------ Gross, 8,875,020; net, 2 ,5 1 9 , 1 5 9
$87,829; retirement o f bonds, $40,000; bal., sur., $865. Pres E dw B uck
A N N U A L R E P O R T .— R eport for 1911-12 was in V . 95, p. 1201
ley, M anistee, M ich .— (V . 94. p. 1384; V . 95, p. 39; V . 96, p . 1365.)
Year ending
1912.
1911
Year ending
1912.
1911.
M A N I S T I Q U E & L A K E S U P E R I O R R R . — Manlstlque, M ich., on Lako
June 30—
$
$
June 30—
$
5
northerly to Evelyn, 42 m .; branch to Doyles, 15 m .; V . 81. d .
Gross ea rn s .. 10,643,051 9.948,268 D iv id e n d s ... (6)441,897 (8)398,152 Michigan,
975; V. 87, p. 97: V. 89, p. 470. The A nn A rbor R R . In A pr. 1911 aoNet in com e-. 2,582,797 2,684,920 Hire of e q u ip . '
41,772
29,924 qutred the entire $250,000 stock. V . 92. p. 1109. Bonds auth., $1,300 I n t e r e s t .........
931,580 1,150,676 Sinking fu n d .
13,440
13.440 000 25-yr. 4% non-cum . incom es, dated Aug. 1 1909, Int. payable yearly if
Ronts, A c------ 1,065,931 1,065,880 Int. and dls__
_________
3,107
earned: outstanding. $1,100,000. For year ending June 30 1912, gross,
$116,903: net, *39,851; other income, $1,931; int., taxes, A c., $38,826; bal.,
Balance, surplus_______
_________
jqi: 071
ton
sur., $2,960. V . 92, p. 1109.)
Pres., Chas. 8. M e lle n .-(V . 95*.*p: 1684; V. 96'.'p. 136. 790.)
* P I K E ’ S P E A K R Y . — Manltou, C ol., to summit of Pike’s
w rt?>,ANC,?J;S7'ET^ LAWRENCE R R .— Owns from Manchester. N. H ., to Peak, 8.9 miles; standard gauge. Operated from April to N ovem ber yrly.
Methuen (State Line), 22 U miles. Leased for 60 years from Sept. 1 188^ to Stock,
$500,000; par of shares, $100. In O ct. 1909 $500,000 20-year 5s
Boston A Maine at rental paying 10% dlv. In Apr. ’ l l B. A k . received were issued
to replace old maturing bonds. For year ending June 30 1912,
74
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page1
Miles Date
Road Bonds
Manitou & Pike’ s Peak Ry— 1st M $500,000 g ___F.c*
9 1908
Manitoulin & North Shore— See Algom a Eastern R y _ .
44 1890
Marietta Columbus & Clcv— First M $250,000 gold.C K
18 1902
A larion & R ye V alley R y— First m ortgage_________
Md Del & Va— 1st M $2,000,000 auth gold guar p & 1.
71 1905
1911
Alarshall & Last Texas— 1st M gold red 1 0 2 ___SSt.c*
40 1882
Alaryland & Pennsylvania— York & Peach B ottom M
80 1901
First mortgage $1,200,000 gold call at 105.AleBa.c*
80 1901
Incom e mortgage $900,000 4 % cum call p a r .. AleBa
1906
Maryland & Pa Ter 1st M $200,000 g gu p & 1 red 110
378 1905
Alason City & Ft Dodge— 1st M $12,000,000 g .C c.c& r
37
Alassawippi— Stock guar same dlv as Conn & Pass—
1907
AlcCloud River— First mortgage $1.200,000__________
22 1891
Meadville Conneaut Lake & Linesville— First m tge.....
1910
Alemphis Dallas & Gulf— First mtge $6,260,000 gold .
’08-’09
Mem Paris <Sc Gulf— 1st M gold red 103 begin 1919-1911
Alemphis Union Station— Coll notes gold g u a r .-B a .c*
1913
M eridian & M em phis R R — 1st M $800,000 red 105. .
__
1905
Meridian Terminal— First mtge $250,000 g g u .G c * & r
Mexican Central— Alexican International— See Nation al Rail ways o
16 1899
Alexican Alineral— 1st M $500,000 g red 110 s f -------- G
___
Alexican Northern— S tock, $3,000,000------------- - - -
83 1890
First m tgo U S gold red 105 s f ext In 1 9 0 9 -.G .c * & r
___
Alexican Ry Limited— Ordinary share capital s t o c k ..
__
First preference stock 8 % __________________________
Second preference stock 6 % _______________________
375
Perpetual 6 % debenture s tock ---------------- - - - - - - - -
1909
2d debens £1,000,000 auth red par since 1912 s i . .
Mexican Southern Ry— Ordinary stock, £ 1 ,0 0 0 ,0 0 0 ..
lst M 4 % deb stock £1,000,000 red at par 90 y r s . . .
1896
1913
Prior lien bonds__________________
1913
Alex No W est— Prior lien bonds £2,500,000 red 10213
1909
1st M gold red t e x t -------------------------------- ----------------1912
Conv income bds £1.000.000 6 % cum red par s f.c *
. ..
Equipm ent gold bonds £480 ,0 0 0 ---------------------------Alichigan Central— S to c k . . — --------------------- - - - - -
270 1902
First mortgage $18,000,000 gold ------------------ G.c*&r
M C Michigan Air Line flrst m ortgage......... Un.c&r
115 1890
171 1881
M C 1st M on Detroit & B ay City ($4,000,000)-U n .c
do
do
bonds without coupons____ r
171 1881
a Exclusive of $21,000 held by sinking fund, b $2 4,000 addltio
Par
Value
Amount
Outstanding
Rate
%
$500,000
5 g
[ V o l . XCVI
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
A
&
O Oct 1 1928
250,000
5 g
175,000
6
2,000,000
5 g
1,154,000
5 g
202,450
5
897,000
4 g
900,000 4 In 1912
200,000
5 g
12,000,000
4 g
800,000
6
1,200,000
5
200,000
5
M
J
F
J
M
M
A
M
J
F
A
J
&
&
&
&
&
&
&
&
&
&
A
A
1,000
1.000
1,000
1,000 &c
f M exico
645.000
2,100,000
Seo text
250,000
J
A
M A
J &
M A
N N ov 11940
J July 1 1922
A Feb 1 1955
.1Jan 1 1931
S A pr 1 1932
S Mch 1 1951
o A pr 1 1951
N May 1 1936
D June 1 1955
A Feb 1 1913, 3%
() Apr 1 1937
J July 1 1921
1940
,TJan 1 1928-29
N N ov 1 1913
J Jan 1 1943
N May 1 1955
100
1,000
£10
£10
£10
£10
£100
b331,000
3,000,000
a708,000
£2,254,720
£2,554,100
£1,011,960
£2,000,000
£489,000
£1,000,000
£868,170
$1,000
1 000
500
1,000
1,000
50 &c
1,000
1,000
1,000
1,000
100
1,000
1,000
£100 £1,600,000
£100 £5,600,000
£ 2 0 &c
£750,000
(?)
$100 C$18738000
1,000 &c 14,000,000
1,000 &c
2,600,000
1,000 1 4,000,000
1,000 Ac )
nal In sin king fund.
6 g
5
5
4 g
A Aug 1 1919
N May 1 '13 1 )3%
D Dec 1 1930
O May 2 '1 3 ,1 )4 %
O May 2 '13, 4%
t) Mav 2 '13, 3%
A
J Perpetual
& O Dec 1960
A A Feb 1 '1 3 .2 )4 %
& A Feb 1 1913, 2%
4
1928
6
1928
6 ..
M A S Mch 1 1959
5 g
Up to 6 M & S15
5
0 In 1913 J A J July29 1913 3 %
3)3 g M A N May 1 1952
J & .1 Jan 1 1940
4
M a S Mch 1 1931
f
5
M Mch 1 1931
c
i
5
6 g
See text
6 g
2 % ln ' 12
8 in 1912
6 ln 1912
6
4)3
F
M
J
A
A
A
J
A
F
F
A
&
&
A
A
A
New York and Chicago
Bank o f M arion (V a .).
Treasurer’s O ffice, Phlfa
St Louis Union Trust Co
First Nat Bk, Y ork, Pa
Brown Bros, N Y & Balt
do
do
Alex Brown A Sons, Balt
.1 P Morgan & Co. N Y
Safe Dep A T r Co, Bost
Mercantile T r Co, San Fr
Merch Nat B k, Meadv.Pa
Merc Tr Co, Little R k , Ar
Bankers Trust Co, N Y
UnB k& T C o .Jacks' n ,Ten
Guaranty Trust Co, N Y
82 Beaver Street, N Y
O ffice, 82 Beaver St, N Y
do
do
Gly n, Mills, CurrieACo.Lo
do
'
do
do
do
do
do
do
do
N Y , T oron to & London
Gu Tr Co, NY T or A Lon
1st coup Mch 1913
Grand Cent T erm ’ l, N Y
Reg at G C T; cp at G Tr
Reg at G C T ; cp at U Tr
Union Trust Co, N Y
Grand Central T erm , N Y
gross, $102,728; net, $21,533; other Income, $5,253: lnt. and taxes, $29,982; Tenn., 255 miles, and south to Dallas, T e x ., 186 miles, o f which 41 com
pleted and 130 under construction. In A ug. 1911 the Caddo & Choctaw,
b a l„ del., $3,196. Pres., C. W . Sells. Manitou, C olo.— (V . 89, p. 847.)
R osboro to Cooper, A rk., 14 miles, and the H ot Springs Glenwood & W est
A1ARIETTA COLUA1BUS & CLEVELAN D R R ,— Owns M oore’s Jet. to
ern, Glenwood to WIggs, 21 miles, were purchased, the roads to be part o f a
Palos, O ., 41.09 miles; branches and spurs, 4.18 m .; trackage,M arietta to
proposed line from H ot Springs to Ashdow n.
Moore's Jet., 3.2 m .; total, 48.47 miles. Receiver discharged Sept. 1909,
Stock authorized, $7,875,000, as Increased July 1010; par $100; outstand
com pany resuming possession.
V. 89, p. 593, 1542.
Stock $250,
ing May 1912. $645,000. Stockholders in May 1910 authorized a mtge.
000. B onds, see table. For year ending Juno 30 1912, gross, $84,591; to
secure $6,260,000 30-year 5 % bonds to extend road. V. 90, p. 1239. Of
oper. d ef., $7,347; other Inc., $323; in t., taxes, & c., $24,061.
the 6s, the $420,000 sold are guar., p. & I., b y Nashville (Ark.) Lum ber Co.
A1ARION & R Y E V A L L E Y R Y .— Owns M arlon to Sugar G rovo, V a .,
For year ending June 30 1912, gross, $221,999: net, $95,307. In 1910-11,
18 miles. A reorganization in Juno 1900. Controlled b y United States (63)3 miles), gross, $148,953; net, $43,657; Interest and rentals, $41,723:
Spruce Lum ber C o. Stock, $100,000; par, $100. Bonds $175,000 6s. seo balance, surplus, $1,934.
tablo a bove. V. 95, p. 1472. Year ending Juno 30 1912, gross, $67,448;
Pres., W . W . Brown, Camden. A rk.; Sec, J. W , Bishop, Nashville, A rk .;
net after taxes, $27,624; Int. and rentals, $15,502; bal., sur., $12,123. In T reas., J. II. W allace, Nashville, A rk.— (V . 91, p . 154.)
1910-1911, gross, $67,109; net, $19,473; other incom e, $30. Pres. & Gen.
MEMPHIS UNION STATION CO.— Owns union passenger station at
M g r., J. C . Cam pbell; Treas., L. A . Amsler; Sec., II. B . Jeffrey. O ffice,
Memphis, T enn ., used b y Loulsv. & N ashv., N ashv. Chatt. & St. Louis,
M arion, V a.— (V . 95, p . 1472.)
Southern R y ., St. L . Iron Mtn. & So. and St. Louis Southw ., com pleted
M A R SH A LL & EAST TE XA S R Y .— Owns from Elyslan Fields, 18 miles early in 1911. Int. charges and expenses are to be apportioned am ong
south of Marshall. T ex ., on T ex. & P a c., to W innsboro, on M. K . & T . 91 m .: the lines on the user basis. Stock, $100,000. In N ov. 1909 made a m tge.
2 branches, 4 miles. Extension projected south to N ew ton, 125 miles, o f to the Bankers Trust Co. of N. Y ., as trustee, to secure an Issue of $3,000,
which 18 miles operated M arch 1 1910. V . 88, p. 748, 1500.
000 50-yr. 4 % gold bonds due N ov. 1 1959, guar. Jointly b y 5 roads named,
Controlled by Interests represented by St. Louis Union Trust Co. Suc of which $2,500,000 is pledged to secure an Issue of $2,100,000 guar. 2-yr.
cessor to Texas Southern R y ., foreclosed A ug. 4 1908. V. 87, p. 416, 481.
5 % notes which have been sold (see table a bov e), V . 93, p. 1324: V . 89,
Stock outstanding, $200,000. The 20-year 5s ($5,000,000 authorized p. 1411; V . 90, p. 236; V . 91, p. 94; V . 89, p. 1542— (V . 93, p. 1 1 0 6 ,1324.)
Issue— see table above) are subject to call at 102, since Jan. 1 1913.
& MEMPHIS R R .— M eridian, M iss., to U nion, 40 miles,
In December 1911 $1,154,000 bonds were authorized to be issued. V . 93, to MERIDIAN
bo com pleted about July 1 1913. Large terminals at M eridian. Stock
p. 589, 1787. Interest-bearing notes (St. Louis Union Trust; Co.)- D ec. 31
auth., $500,000. Bonds, $800,000 30-yr. 5s, Union Bank & T r. C o . o f
1911, $124,455. For year ending June 30 1912, gross, $198,433; net,
T en n ., trustee; present issue, $538,000. Seo tablo above. V . 96,
$8,866: other incom e, $18,966; taxes, $6,175; hire o f equipm ent, $17,128; Jackson,
p. 1157, 1298. T ho Meridian & Deep W ater R y . is building from M eridian
ln t., $59,057; other charges, $15,814; b al., d ef., $70,341. For year ending west
to T om bigbeo River, 47 miles. Prest., J. T . Schloy; S ec., E. B . M c June 30 1911, gross, $205,792; net, $29,690. Pres., Albert T . Perkins,
Raven; T reas., C . W . Schamber. O ffice, M eridian, M iss.— (V . 96, p.
St Louis M o .: V .-P . & Asst. S ec., Osco Goodw in, Dallas, T e x .; Sec.,
1157, 1298.)
Bryan Snyder, M arshall; T reas., N . A . M cM illan.— (V . 93, p. 1787.)
M E R ID IAN TE RM IN A L C O — Owns passenger stations at Meridian,
A1ARYLAND D E L A W A R E & V IRG IN IA R Y .— Operates L ove P t., Md
Miss., openecl Sept. 1 1906, and used by Southern R y ., Mobile & Ohio, New
to Lewes Del , 73 miles; Queenstown Jet. to Centerville, M d., 5 m .; total,
Orleans & Northeastern R R ., Ala. & ,Vlcksburg and Ala. Great Southern,
78 m .; and Lewes to R ehoboth , 5 m ., is trackage over Del. M. & Vlr. Also which own one-flfth each of the capital stock ($100,000 auth., of which
owns 14 steamers running between Baltimore-W ashlngton points on the $94,000 Issued July 1912), and guarantee the bonds Jointly and severally
P otom a c R iver, & c., and N orfolk; total steamer lines, 979 miles.
b y endorsement; form , V . 85, p. 601. Pres., D. D. Curran; Sec., W . J.
Stock $3,000,000, of which one-half each of com m on and 4 % non-cum .
K elleh er— (V. 85, p. 601, 1402.)
pref • par of shares, $50 each; 4 % ctfs. of Indebtedness, due Dec. 5 1909,
MEXICAN NORTHERN R Y .— Owns from Escalon, M exico, on the Mexi
$57 000
Penn. R R . and Its subsidiaries own all the com m on and about
$300,000 pref. stock ., Balt. Ches. & A tlantic owning a m ajority of stock and can Central R y ., to Sierra M oja d a , 83 miles, all steel. Seo application In
guaranteeing bonds. Voting trust dissolved Jan. 1911. V . 91, p. 1767. full for listing on N . Y . Stock Exchange. V . 64, p . 619.
B onds, seo V . 88, p. 1437, 1500; V . 89, p. 104: V. 91, p. 1026.
___ ,
In 1912. gross, $S95,149: net, $96,430: other Income, $1,971; charges,
D1VS.— ('93. '94. ’95-’99. '00. '01. '02. '03. '04-'08. '09. ’ 10-’ 12. 1913.
$157,929; bal., d ef., $58,929.— (V. 92, p. 795; V. 94, p. 1317.)
Per c e n t . . . \ 6 ^
6 4 y ’ly.
5 414 2 M 1)3 N one. 13 4 y r ly 1)3.—
A1ARYLAND & PENN SYLVAN IA R R .— Baltimore, Md , to Y ork, P a .,
R E P O R T .— For year ending Dec. 31 U. S. currency.
78.9 miles. V . 72, p. 339. In 1910 obtained right to build to tidewater.
Year—
Gross.
Net.
Oth. Income
Charges.
Surplus.
STOCK AN D BO N D S.— Stock authorized, $3,600,000, of which $1,997, 1911................. $175,619
$111,857
$29,459
$30,855
5110,461
500 reserved for future requirements. In 1902 the authorized Issue of the 1910.............. .. 284,921
168,541
52,568
82.076
139,032
flrst 4s was reduced from $2,700,000 to $1,200,000, of which $203,000 are — (V . 88, p. 1500; V . 89, p. 104, 1280; V . 91, p. 1026; V . 96, p. 1365.)
reserved to retire the York anti Peach B ottom 5s and $100,000 addi
MEXICAN R Y .— See page 139.
tional for future purposes, &c. V. 74, p. 94, 427; V . 79, p. 2205. Mary
MEXICAN U N IO N — V . 96, p. 360, 863.
MEXICANO! DE L CENTRO
land & Pennsylvania Terminal guaranteed bonds, V. 82, p. 1041, 1102.
R R .— V . 91. p . 215, 1630. MEXICAN SOUTHERN R Y — See page 139.
E quipm ent notes D ec. 31 1912, $43,000. In Jan. 1913 sold $50,000 5 %
equipment bonds. V. 96. p. 203. Paid on incom es, 1901, 3 % ; since to
A1EXICO NORTH W ESTERN R Y .— Owns and controls 5 4 0 H miles:
April 1913, inclusive, 4 % yearly.
Ciudad Juarez to Tabalaopa
ILa Junta to M lnaca.....................6.34
t E A R N IN G S .— 10 m o s .,/1912-13--------Gross, $422,254; net, $124,870
(C h ih u a h u a)...........................475.78|Cumbre to Chulchupa(bulldlng)46.08
101,969
!
July 1 to A pr. 30.
11911-12_____ Gross, 369,698; net.
San Antonio to Cuslhulrlachlo. 13.051
J R E P O R T .— For year ending D ec. 31 1912, gross, $474,559; other incom o,
Owns over 3,000,000 acres of timber lands, with 2 mills at Madera with a
:$870; net, $132,001; lnt. on bonds, & c., $131,787; b al., sur., $214. Pres., capacity of 175,000,000 ft. per year. Controls also large finishing and
[John W ilson Brow n.— (V . 88. p. 506, 1171; V . 94,p. 487; V . 96. p . 203, 553.)
manufacturing plant at El Paso, Texas, with capacity of 100,000,000 f t . per
year. Seo V . 88, p. 749; V . 89, p . 348, 470; V . 94, p. 1627; V. 96, P . 287.
MASON CITY & FORT DODGE R R .— {See M ap Chicago Great Western.)
Stock, $40,000,000 (par, $100), of which $25,000,000 Issued Jan. 1913.
Owns road from Oelwein, la ., to Council Bluffs, 259 miles; Hayfleld, Minn,
B O N D S.— Present limit 1st M. 5s, £5,600,000, all out, m ay bo Increased
to Clarion, Iowa, 100 miles; branches to Lehigh and Coalville, Iow a, 19
miles; trackage. Council Blutfs to South Omaha, 8 miles, total, 386 miles. for extensions, terminals, double-tracking and other special purposes: N at.
The Chicago Great Western owns entire outstanding com . stock ($19,205, Trust Co. of T oron to, trustee. Bonds are redeemable at par March 1 1959
400 of the auth. $20,000,000) and the non-cum . 4 % pref. stock ($13,635, b y annual paym ents, com m encing In 10 years, to be applied In annual dt®w"
752 of the $14,000,000 auth.), and operates the road as part of Its main line lngs at par or by purchase at or below par, or as a whole at 105.V . 88, p
to Omaha under a 100-year agreement dated A pr. 30 1901, and modified 749; V . 93, p. 28, 1324, 1463; V .9 5 , p. 176. Coupons payable at Bank of
Juno 1901, M .C .& Ft.D .receiving 60% of earns, o n business Interchanged. Scotland, London; Guaranty T r. C o., N . Y ., and Bank of Comm erce, r o r .
The 6 % cumulative convertible Income bonds (£1,000,000 authorized) aro
A ny surplus of net earnings after paym ent of Interest on bonds and pref.
stock Is to be held In trust by C. G. W . for paym ent of future coupons. secured by a deed of trust to the N at. Trust C o., L td ., o f T oron to, trustee,
The accounts showed a deficit June 30 1912. See V . 95, p. 1274. In 1905 as a general floating charge subject to tho 1st M . bonds. A n annual sinking
„„„
.
$12,000,000 4 % bonds were sold. C om pare C hic. Great Western R y . and fund com m ences July 1 i916. V . 94, p. 1627.
T ho issuo o f 15-year prior-lien 6 % bonds Is limited to £2,500,000, secured
V. 73. p. 566, 616, 722; V . 77. p. 640; V . 78, p. 1782: V . 80, p . 2621.
b y a prior lien on tho entire property, o f which £ 1 ,6 0 0 , 0 0 0 havo been sold
Earnings Incl. In thoso o f C . G . W . system .— (V . 88, p. 1437; V .95,p.1274.)
to pay o ff existing floating debt, about £ 1 , 1 0 0 , 0 0 0 to m eet coupons (say
M A SSA W IPPI V A LLE Y R Y .— Province Line to Lcnoxvllle Que.. 34
£140,000) on 1st M . bonds duo M ch . 1 1913 and provide for general pur
miles, with branch, 3 m ; trackage to Sherbrooke, Que., 3 m .; total, 40 m. poses'. T h o remaining £900,000 aro reserved for future requirements, fncl.
Leased for 999 years from July 1 1870 to the Connecticut & Passumpslc Int. on prior lien and 1st M . bonds. R ed. at 1 0 2 * 4 any tim e on 6 m onths
Rivers R R . Stock, $800,000; par of shares, $100; dividends payable t e b .
Trustee, N at. Trust C o ., T oron to, L td. V . 96, p. 285 ,12 2 9 .
and Aug. 1. Dividends, form erly 5 % , 6 % since Jan. 1 '97. Of the s^ock, notice.
R E P O R T — R eport for calendar year 1911 In V . 95, p. 478. showed
$400,000 owned by the Conn. & Pass. River is deposited under Its mtge. and Gross
Income (American currency), $961,468; net hicpm c, $460,581; other
$50,000 represented by Connecticut Trust & Safe Deposit Co. of H artford Inc., $253,231;
bond lnt., $849,162; ge n .e x p ., $189,438: b al.. d ef., $324,788.
5% trust certificates was purchased Feb. 1 1910 under Its option at par.
O F F IC E R S .— Pres., F. 8 . Pearson, 25 Broad S t., N . Y .; V .-P s., E . D ,
In April 1911 Bos. & Maine rec'd authority to purch. stlc. V . 92, p. 1108.
Kcnna and H . 1. Miller, N . Y .; W alter Gow and Miller Lash, T oron to, Can..
McCLOUD RIVER R R .— Owns from Sisson, Cal., toM cG a v lc, 50.6 miles. Treas., U . de B . Daly, N. Y .; S ec., A . M. T rcub. N. Y .
O ffice, 115
Stock. $1,200,000. Bonds ($1,200,000 auth.). Mercantile Trust C o., San B roadw ay, N . Y .— (V . 95. p. 478, 968; V . 96, p. 285, 653, 1229.)
Francisco, m tge. trustee. V. 85, p. 1005. For year ending June 30 1912,
MICHIGAN
CENTRAL
R
R
.—
(.See
M
aps
New
York.
Central
& Iludson
gross, $371,024; net, $138,989; other Income, $3,613; int. and taxes, $81, Uiver.)— L IN E OF R O A D .— Main line— Kensington to Detroit,
270 m .,
834; b al.. sur., $60,768. In 1910-11, gross, $456,647; net, $172,817. and W indsor to Suspension Bridge (Canada Southern), 226 m .; total main
Pres, and Gen. M g r., J. II. M cQ ueal, San Francisco, Cal.— (V . 85, p . 1005.)
line 496 miles. Branches owned and leased, 1,229 m .; trackage (111. Cent.)
M E A D V ILL E CONNEAUT LA K E & LIN E SV IL LE .— M eadvllie to Lines
Into Chicago under perpetual lease, 14 m .; other trackage, 78 m .; total
vlllc. P a.. 20.5 miles, and branches, 1.2 miles- total, 21.7 miles. Leased Jan. 1 1913. 1,817 miles, with 599 m. of 2d track and 1,356 m. of sldo tracks.
to June 8 1990 to Pittsburgh Bessemer & Lake Erie R R .; rental, 25% of
Chicago Kalamazoo &, Saginaw R y ., Pavilion to W oodbury, M ich., 55 m ..
gross earnings. S tock. $200,000; par, $50. D ividend, 2 % , paid A p r. 10 and D etroit & Charlevoix, Frederic to East Jordan, with spurs, 55 miles, are
1913.— (V . 96, p . 790.)
controlled but operated Independently. V . 84, p. 50.
_
T he third-rail electric D etroit River Tunnel, 2.42 m . long. Is leased for 999
M EM PHIS DA LLA S & OULF R R .— Owns from Murfreesboro. A rk .,
southwest to Ashdow n. 41 miles; extensions proposed north to Memphis, years. See B O N D S below . V . 9 0 . p. 710; V . 91. p. 276; V . 92. p . 1499.
M A P
.L e e c h L .
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MINNEAPOLIS & ST. LOUIS
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R A IL R O A D C O M P A N IE S
[F or abbreviations, & c., see notes on first page]
M iles
Date
Road Bonds
Michigan Central (.Con) —
M (J new M on Gr RIv Val $4,500,000, g text.G c& r
M C first m ortgage on Kalamazoo & S H aven.U n.r
Mich Cent 1st M on Jack Lans & Saginaw g old .c* &r
M C 1st M on Joliet & Nor Indiana $3,000,000 gold
Debentures g o l d _______ ________ _________ G.xc*& r*
Jack Lans & Sag stock 3 )4 % yearly guar b y en d ___
Grand R iver Valley stock rental In perpetuity
B ay City & Battle Cr 1st M g guar p & 1 en d .M p .c*
Battle Cr & Sturgis 1st M g guar p & l cn d -.M p .c *
T olC an & D etlstM $4,500.000 g gu p& Kend)G .c*& r_
Detroit R iv Tun 1st M $30,000,000 gu en d . . G.xc*r*
N otes $4.000,000___________________________________
M iddletown Union & W ater Gap— 1st M ext in 1886.c*
13
Second mortgage (see te x t)....................................__c*
M id lan d C o n t in e n — Coll trust gold notes red t e x t -.c
Midland Pennsylvania— 1st M $2,000,000 gold red s f_
M id lan d Val R R — lst?M g $15,000,000 red 102)4 ' 16
Adjustm ent m tgo (2d incom e) g o ld ________________
Mill Creek & Mine Hill Navigation & RR— S tock ____
Milwaukee Lake Shore & W estern— See Chicago & No
Milwaukee & Northern— See Chicago Milwaukee & St Paul
Milwaukee Sparta & North W estern— See Chicago & North
37
Mine Hill & Schuylkill Haven— Stock (6% rental) —
26
Mineral Point & Northern— 1st M $450,000 gold — F
16
Mineral Range— Consol mtge (text) gold red at 105. .c
73
General mtge interest guar b y Canadian P a cific..F
34
H ancock & Cal cons mtge gold red at 105 assum ed.
Minneap Red Lake & M anitoba— 1st M $700,000 g -F .c 33)4
Minncap. & St. L— Com. stock, $18,000,000----------Co
Pret stk, $12,000,000 (V 70, p 1150) 5 % n on -c_.C e
First mtge Merrlam June to A lbert Lea gold__F.c*
109
Pacific extension first m ortgage g o ld ------------- Ce.c*
102
First consol M closed M g (V 59, p 1 1 4 5 ).-C e.c* &r
363
First & ref M $25,000,000 gold ($18,000 p m ) ------ Cc
640
Gold notes $3.OOO,O0O secur b y collat red p a r.-C ec
R efund and ex ten M $75,000,000 g red 105.Gxc*<Ssr*
Car tr ser A g due $60,000 yly (V 88, p 1373) - PeP.c*
Car trust ser B gold due $18,000 yearly------ PeP.c*
c Of which $16,819,300 held b y N V C & H R R R Co.
1909
1889
1901
1907
1909
1889
1889
1906
1911
1913
1866
1871
1912
1910
1913
1913
P ar
Value
$,1000&c
1,000
1.000&C
100
100
1,000
1,000
1.000&C
1,000
5,000
100 &c
500 &c
1,000
100 &c
estern
Other rents and miscellaneous.
$9,624,774
$1,794,951
3,182,945
820,898
1,099,647
$8,675,980
$1,605,444
3,536,181
765,255
652,736
1,124,280
1,124,280
$7,746,254
$585,310
3,281,766
826,340
1,335,507
250,000
1,124,280
$1,602,053
$992,084
$343,051
P res., W m . C . B row n, N ew Y ork .— (V . 96, p. 653, 785, 797.)
M IDDLETOW N UNIONVILLE & W ATER GAP R R .— (See M ap Erie
RR. C o.)— Owns from M iddletown, N. Y ., to Unlonville, N. Y ., 13.65 miles.
Stock, $149,850; par, $50. Controlled, through stock, b y N. Y . Susq. &
W est., which paid Int. on bonds. Oiler was made to extend the $250,000
2d 5s to N ov. 1 1911 with lnt. guaranteed by N. Y . Susq. & W .: all bond
holders not consenting, principal was defaulted June 1 1910 and In March
1911 foreclosure suit was begun. V . 91, p. 154; V. 90, p. 1363; V. 92, p. 725.
Default was made In paym ent of first m ortgage bonds due N ov. 1 1911.
Second m tgo. com m ittee (Charles I. Henry, Chairman), first m tge. com
m ittee, Garrett T . Townsend, Chairman; Sec. o f each, R obert G . Starr,
20 Broad St.; depositary. Empire Trust C o ., N . Y . V. 91, p. 1512; V. 39, p .
1260. In year 1911-12, net incom e, $19,239; int. on bonds, $2,500; bal.,
surplus. $16,739.— (V . 92, p. 725; V. 93, p. 1260.)
M ID L A N D C O N T IN E N T A L R R — V . 95, p. 1542.
M ID L AN D PENN SYLVAN IA R R .— See pages 139.
M ID L AN D V A LLE Y R R .— Owns and operates from Excelsior, A rk.,
south to H oye, A rk ., and north to Fidelity, A rk.; also from Excelsior west
to SUverdale, K an., and from Jenks, O. T ., to Glenn P ool, O. T .. a total of
299 miles; also operates under trackage from Maney Jet., A rk., to Ft. Smith,
16 m ., and SUverdale to Arkansas C ity , K a n ., 9 miles; leases W ichita &
M idland Valley R R ., Arkansas C ity to W ichita, 51 miles, for 50 years from
July 29 1910, for 25% o f the gross earnings (and any deficiency necessary
to meet tho bond interest and taxes). V . 92, p. 462, 796.
O R G A N IZ A T IO N .— In 1913 readjusted without foreclosure, per plan
V . 96, p. 554.
S T O C K .— A u th ., com m on, $16,000,000; pref., $5,000,000; outstanding,
$4,006,500 each o f com m on and 5 % prof. (prin. and d iv .); par, $50. Stock
is all hold in a voting trust. T he pref. stock is subject to tho right o f the
Cherokee Construction C o. (which owns all o f tho com m on stock) to pur
chase tho same as follows: During 1914 and 1915 at 35% o f tho par value;
1916 and 1917, 4 0 % ; 1918 and 1919, 4 5 % ; 1920 and 1921, 5 0 % ; 1922 and
1923, 5 5 % .
B O N D S .— T ho first 5s and adjustment M . (incom e) 5s, issued per plan
V . 96, p . 554, are a first and second lien, respectively, on (1) tho entire
p roperty; (2) the leasehold Interest in tho W ichita & M idland Valloy R R .
and all the $1,025,000 old bonds o f tho latter and $460,000 o f its $503,300
com m on stock; (3) all o f tho $250,000 stock and $1,250,000 1st M . 5s o f the
Sebastian C ounty Coal & M ining C o. owning 16,354 acres o f semi-anthracite
coal lands and leasing 1,902. O f the 1st 5s, $4,500,000 have beon sold on
account o f retirement o f outstanding bonds and other indebtedness and
im pts., & c., $5,000,000 are reserved for im pts., and the remaining $10,000,
000 are reserved for 8 5% o f the cost o f im pts., extensions, & c., under
caroful restrictions. See V . 96, p. 1423, 1489.
25
wester n R y
—
50
1905
1,000
1891
500 &c
1901
100,000
1891
1.000
1905
1,000
____
100
____
100
1877
500 &c
1881
1,000
1894
t.000
1899
1,000
1913
1,000
1912 1,000 &c
1909
1,000
1,000
1910
C O N T R O L .— The N . Y . Cent. & H ud. River R R . Co. In April 1898 gave
$115 In Its 3 )4% 100-year gold bonds for $100 stock, and so holds $16,819,
800 of the 518,738.000 stock Issued. See that com p any’s statement (also
V . 93, p. 1787; V. 96, p . 1424, for proposition looking to ultimate absorp
tion o f M ichigan Central R R .
D IV ID E N D S .— f *91. ’92-’94. ’95-’ 05. '06. ’07. ’08. ’09-’ 12. 1913.
8ince 1890 ..........% l 5 5 )4 y ’ly. 4 y ’ly.
5
6
8
6 y ’ly
6
BO N D S.— Battle Creek & Sturgis bonds for $500,000, but of this $79,000
was sub-guaranteed by the Lake Shore & Mich. S o., 7 miles of the B. C. & S.
being operated by that com pany. The 51,723,000 3 )4s of 1901 are a first
m tge. on the Jackson Lansing & Saginaw R R ., 350 miles (V . 73, p. 1061);
V . 76, p. 1027). Of the $18,000,000 3 )4 s of 1902, $4,000,000 are reserved
for additions, &c. V . 74, p. 728; V . 76. p. 102; V . 83. p. 1229. First 4s
on Joliet & Northern Indiana, see V . 84, p. 1367, 1428.
Toledo Canada So. &. Del. guar. 4s of 1906, see V. 82, p. 930 V . 85, n. 406.
As to Canada South, new guar, bonds, sec that co . V . 94, p . 982, 1249.
The Detroit River Tunnel guaranteed 50-year bonds (530,000,000 auth
orized Issue) are secured by a first Hen on the double-tube tunnel and ap
proaches under the Detroit River, with terminals. Of the bonds, $14,000,
000 4 Ms have been sold against cost of present property and Improvements
In progress, total over $18,000,000, the remainder being reserved under re
strictions for additions and Improvements, Interest rate not to exceed 5 % .
V. 92, p. 1499; V . 93, p. 469; V . 94, p. 123.
In April 1909 an Issue of $25,000,000 4 % 20-yearMebentures'w as author
ized, of which $7,634,000 sold to provide for advances to Detroit River
Tunnel Co. Of the $4,500,000 authorized 4s on Grand River Valley R R .,
$1,500,000 are reserved for double-tracking, <5cc.. and $1,500,000 for future
requirements. V. 88. p. 945, 1002, 1061. 1254: V . 90. p. 1554; V . 89.
p . 470; V . 90, p. 627. In M arch 1913 sold $4,000,000 4 )4 % 1-year unse
cured notes dated M ar. 1 1913, an extension o f old notes.
Jointly with four other roads, covenants to pay Now Y ork Central Lines
$61,000,000 car trusts o f 1907, 1910 and 1912, the com p any’s share o f
equipment trusts outstanding D ec. 31 1912 being $2,604,254, $4,784,256
and $2,275,663, respectively. V . 85, p. 1402; V . 8 6 , p . 168; V .8 8 ,p .7 6 1 ;
V . 90, p . 1677; V . 92, p . 807.
E A R N I N G S — 4 m o s .,/1 9 1 3 ........... Gross, $11,704,495; net, $3,006,319
Jan. 1 to April 30.
11912______Gross, 10,098.769; not, 2.769,182
A N N U A L R E P O R T .— R eport for 1912 at lengthwasin V . 96, p. 785, 797.
Year ending Dec. 31—
1912.
1911.
1910.
$32,911,753 $30,164,490
$30,164,490 $29,694,815
...................... $32,911,753
. $8,564,111 $7,505,023 $6,652,574
. 1,060,663
1,093,680
1,170,957
A dditional eq u ip t., betterm ents, & c.
[Vol. XCVI.
RAILWAY STOCKS AND BONDS
Amount
Outstanding
Rate
%
When
Payable
M &
$1,500,000
4 g
700,00C
5
M &
1,718,00(1
3)4 g M &
1.500,000
4 g
J &J
7,634,000
4 g
A &
2,000,000
3)4
M &
491,200
5
J
&
250,000
J
3 g
&
500,000
.1 &
3 g
3,100,000
J
4 g
&
14,000,000
4 )4 g M *
4,000,000
4 'A M &
150,000
M &
5 g
250,000
5
J
&
400,000
6 g
A & O
See text
5 g
J
&
4,500,000
5 g
A &
5,512,500 Up to 5 %
323,375
10
J
&
4,210,200
5)4
450,000
5 g
593,000 4 g & 5 g
1,000,000
4 g
• 325,000
5 g
700,000
5 g
15,370,200 See text
5.917,500 See text
950,000
7 g
1,382,000
6 g
5.282.000
5 g
12,410,000
4 g
3,000,000
6 g
2,982,000
5 g
360.000
5 g
144,000
5 g
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
S Sept 1 1959
Grand C on t.T erm ., N .Y .
N Nov 11939
do
do
S Sept 1 1951
Reg at G C T ; cp at G Tr
1(1 July 10 1957
Guaranty Trust Co, N Y
O Apr 1 1929
Grand Cent Term , N
s Mch 1 1913 l ’A
do
do
J J ulyl ’ 1 3 .2 )4 % Jackson, Mich
1) Dec 1 1989
Union Trust Co. N Y
D Dec 1 1989
do
do
J Jan 1 1956
Grand Central Term , N Y
N May 1 1961
do
do
8 M ar 1 1914
N N ov 1 1911
In default
D June 1 1910
In default
15 Oct 15 1913-15
J July 1 I960
O A pr 11943
Y ork and Phila
Apr 1 1953
J July 1913
5% Reading T erm , Phila, Pa
J
& .T July 15 ’ 13 3%
M & N May 1 1925
I & J Jan 1 1931
J
& J Jan 1 1951
J
& J Jan 1 1931
I & D 30 June 30 1925
T & .1 Jan 1 5 ’04 2)4<
T & J Jan 1 5 ’ 10 2)4
J
& D June 1 1927
A & O Apr 1 1921
M & N N ov 1 1934
M & S Mch 1 1949
F & A Feb 1 1914
Q — F Feb 1 1962
A & O T o A pr l 1919
A & O T o Oct 1 1920
do
do
do
do
do
do
do
l Co
do
do
do
do
do
do
do
do
T he interest on tho adjustm ent M . bonds is to bo paid annually, if earned,
but is not to becom o a fixed charge, and is not to be cum ulative unless tho
Cherokee Construction C o . shall exercise the option to purchaso tho prof,
stock, whereupon said interest shall becom e 5 % cumulative; and if not then
paid, the holders o f said bonds to have tho same voting rights as holders o f
tho capital stock. T ho S3,512,500 Series A bonds aro to liavo priority both
as to hen and paym ent o f interest over tho $2,000,000 Series B bonds.
E A R N IN G S .— 10 m o s.,f 1912-13_____ Gross, $1,278,246; not, $236,244
July 1 to April 30.
U 911-12_____ Gross, 1,235.196; not, 305,512
Year ending June 30 1912 in V. 95, p. 1271, showed: Gross.
$1,435,447; net, after taxes, $255,808; other incom e, $55,317. For cal.
year 1912, gross, $1,479,853; net, after taxes and rentals, $237,035; other
incom e, $126,166; incom e coal properties, $56,773; annual int. on $4,500,
000 new 1st M . bonds calls for $225,000; bal., sur., $194,974. Pres.,
Charies E. Ingersoll; Sec. & Treas., II. E. Y am a ll. O ffico, Franklin Bank
(V ’ 9 5 ’ P- 47, 618> 1271, 1274, 1472, 1608; V . 96, p . 554,
1423, 1489.)
M IL L C REEK & MINE H ILL NAVIGATION & R R .— Mill Creek Jet. to
Broad Mountain, P a., 3.79 m .; second track, 3.79 m .; total track, 60.94 m .
^§^1 *or 999 years to Phila. & Reading U R .; lease assumed In
1896 by P hila.& Reading Railway, rental, $33,000 and taxes.
MINE H IL L & SCH U YL K IL L HAVEN R R .— From Schuylkill Haven to
ancl EnterPrIse Jet., 36.72 m.; 2d track, 18.85 in.; total track,
129.91 m. In 1897 rental reduced to 6% on stock under new lease for 999
years from Jan. 1 1897 to Phila. & Read. Ry. Co.: 2 M % Is paid in Jan. and
3 % in July, )4% being deducted for taxes.— (V . 96, p. 1365, 1423.)
M IN ERAL POINT & NORTHERN R Y .— Highland to Highland Jet.,
w ls ., 26.4 miles; trackage Highland Jet. to *Mlneral Point, 4.2 m .; total,
30.6 miles. Incorporated In Wisconsin Oct. 17 1899. S tock, all Issued,
$o50,000; par, $100. Bonds, see table above. For year ending June 30
1912, gross, $88,604: net, $20,189; int., taxes, & c., $31,271; bal., d o f.,
$11,082. In 1910-11, gross, $100,762; not, $25,818; in t., taxes, & c.,
$31,211; bal., d ef., $5,393. Ik es., W . A . Jonos; V .-P ’t, E . M . Harter.
O ffico, M ineral Point. W is.
M IN ERAL RANGE R R .— H oughton, M ich., to Calumet, M ich., 14 m .,
H ancock to Gratiot Mine, 23 m .; branches, 30 m .; South Range exten., K e
weenaw Bay to Michigan Mine, 39 m .; trackage, 4 m .; Mohawk R R .,
17 m .; total, 127 miles.
•
In 1895 paid dividends of 1 0 M % : in 1896, 7 % : 1 8 9 7 ,7 % ; 1 8 9 8 ,3 )4 % :
none since. Stock, $1,500,000; par, $100.
.B O N D S .— 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 1912 owned
the remaining $254,000 (which are 4s) and the $1,000,000 gen. m tgo. 4s,
both of which It guar, as to Int. V. 75, p. 554. See V. 73, p. 556, 616; V . 73,
p. 785. Of tonnage In 1911-12, 89% was ores and mining products. E quip,
trust notes June 30 1912, $446,319, Including deferred Interest.
E A R N IN G S .— For 10 months ending A pr. 30:
10 M o s.—■
Gross.
Net.
Otherlnc. Charges.
Balance.
1 9 1 2 -1 3 -.......................$706,811 $136,087 $3,132 $133,129 sur.$6,090
1911-12........................... 636,604
114,959 6.262
123,680 dof. 2,459
R E P O R T .— For year 1911-12, gross, $770,248; net, after taxes, $87,017;
other Income, $10,221: charges, $109,369; d ef., $12,131.— (V . 73, p. 785.)
M INNEAPOLIS RED L A K E & MANITOBA R Y .— Bemldjl to R edyb,
M inn., 33 )4 miles. Stock, $100,000; bonds (see tab le). For year ending
June 30 1912, gross, $68,669: net, after taxes, $19,787; int. on bonds.
$35,000; other charges, $2,021; bal., d ef., $17,234. P rc s.,C . A . Sm ith;
S ec., A . Ueland; Treas., A . L . Molander. O ffice, B em ldjl, M inn.
MINNEAPOLIS & S T . LOUIS R R .— See M a p .)— R oad includes:
Road Owned—
M iles.
Leases (All Stock Owned) —
M iles.
Minneapolis to Angus, l a ......... 260
Ia. C. & W .,B elm ond to Algona 37
H opkins, Minn., to Leola, S .D .33 0
Leases (Part Stock Owned)—
Conde to Le Beau, S. D ...............115
Des Moines & F t. Dodge IIR .*_137)4
W Inthrop,M inn.,to Storm Lake.154
T ra cka g e___________________ 32
Iow a Jet., III., to ManlyJct.,Ia.363
Manly Jet., Ia .. to Albert Lea,
Minn, (owned jo in tly )............28
B r a n c h e s ....... ........................
129
• See this com p any.
—----- —.
T otal owned and operated
1.585
Leases to B . C . It. & N ., Albert Lea to Iowa Lino, 13 m ., incl. above.
H IS T O R Y .— A reorganization In O ct. 1894, per plan In V. 59, p. 371.
In Dec. 1911 absorbed by consolidation the subsidiary Minnesota Dakota (a
Pac. (229.6 m .) and allied Iowa Cent. R It. (558 m .). V . 93, p. 1668, 1726.
„ Des M oines & F t. D odge R R . is leased for 30 yrs. from Jan. 1 1905.
V . 78. p. 2335; V . 79, p. 269, 1704; V . 81, p. 1430.
In A ug. 1911 new Interests entered the directory. It Is proposed to
extend the Minn. & S t. Louis from W atertown, S. Dak., to the Canadian
border, about 235 miles, at a connection with the Canadian Northern and
the Grand Trunk systems, the Minn. St. Louis & Canadian R y . being in
corporated In July 1912 with $7,000,000 stock to build the road; also to con
nect the form er Iowa Cent, with the Missouri Kansas & Texas at M oberly,
through trackage contracts. This would give the Hawley system a through
route from the Canadian Northwest to Galveston, T e x .; also proposed to
make the Peoria line, by some new construction and connections at Peoria.
a n „e^ t‘ ^ ' wes^ line t0 Omaha. V. 93, p. 469, 666; V . 94, p. 68; V . 95.
p. 236. The options b y friendly interests on a m ajority o f tho Green B ay &
Western R R . stock and tw o other properties which woro allowed to lapse in
M arch 1913. V. 95. p . 1207; V . 96, p. 487. 947.
ST O C K .— After 5 % on each, pref. and com . share pro rata. In Dco.1911
the authorized pref. was Increased from $4,000,000 to $12,000,000 and the
tn'oT n'on n^ 13,500,000 to $18,000,000. Of the stock, $1,917,500 pref. and
com . was Issued (per plan, V . 93, p. 1668, 1324) In connection
with the merger of the Iowa Central.
D IV ID S .
1 ’97. ’98. '99. ’00. '01. ’02. ’03. '04. ’05 to J a n .’ lO.
P referred-------- V 3
3 )( 4H 5
5
5
5
5
5 yearly
None
Com m on----------J------None----1 14 4
5
5
2)4
0
since
BON DS &C.— Bonds due 1927, Nos. 1,101 to 1.400, for $500 each, addi
tional to those above, were assumed b y B. C. R . & N. (now 0 . R . I. & P .).
78
•
■
RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
IFor abbreviations, ifee., see notes on first page]
M iles Date
Road Bonds
M in n e a p o lis 8c S t L o u is — (Concluded)
501
Iow a Central 1st M g (V 49, p 5 82 )......... .......... Ba.c*
R efund m tge $25,000,000 g (see text) _ _ Un .c* &r
539
Iow a Cent car trusts ser A due $32,000 y rly .P eP .c*
Car trusts ser B due $16,000 or $15,000 yrlyPep.c*
Des M oines & Ft D odge gold guar p & i ___C e.c*& r’
138
H ocking Coal C o 1st M $600,000 g red 105 sf Em.c*
Minn St Paul & S Ste Marie— Com stock $28,000,000Preferred stock 7 % non-cum $14,000,000-................
W isconsin Cent leased line ctfs $12,500,000 a u th -- •
Minn Sault Ste Marie & Atlantic 1st M g o ld .-C e .c*
495
Minneapolis & Pacific first m ortgage_____ ---C e .c *
286
•Cons m tge gold int guar (end) see t e x t____ Ce.c* 2,921
■S econd mortgage $5,000,000 gold int guar_____ Ce 2,921
Chicago Terminal joint 1st M g red te x t. _G.c*ftr*
Car trust Ser A due $96,000 sem i-annually_____ Ce
do
Ser B due $61,OO0seml-annually_____ C e
do
Ser C gold due $60,000 sem i-annually .C e
do
Ser D g due $51,000 s-a (V 95, p 7 50 )____
"
do
Ser E g due $159,000 s-a (V . 96,p .2 0 3 ).G .c
Minnesota Transfer— First mtge ($1,076,00’0 are 4s) _c
M ississippi Arkansas & W estern— 1st M g red par.CC
8
164
M issC ent— 1st M 810,000,000 g gu red (te x t). G.xc*
65
Miss Ri v & Bonne Ter R y— 1st M $2,500,000 g red 105
Equipm ent trusts due $50,000 s-a red p a r.-S S t.c*
___
Mo Ark & Gulf— 1st M S 1,600,000 g red 105 beg O ct’ 16
Mo& III Br& Belt— St C M & St I, II 1st M red g .S S t.c*
...
Consolidated m ortgage $2,000,000 authorized gold Preferred stock 4 % non-cum ulatlve_______________
First m ortgage g o l d .. _______ . . _________ --C e
Second m ortgage gold ___________ ______________Ba
First extension m ortgage gotd $3,254,000------ Ce.c*
St Louis Division first refunding m ortgage------ F.c*
Missouri Kansas & Eastern 1st M gold assu m ed ..C e
Second m ortgage guaranteed, being retired-------Sh Sh & So 1st M ($20,000 p m) gold assum ed.C e.c*
Kansas City & Pacific 1st M gold assumed------ Ce.c*
M K ft Okla 1st M $5,468,000 gold assum ed-_Ce.c*
Texas & Okla 1st M $2,347,000 gold assum ed.C e.c*
First ft ref m tge $40,000,000 gold (see t e x t )-------- F
1888
1901
1909
1910
1905
1912
1886
1886
1888
1899
1911
1907
1910
1911
1912
1913
1886
1902
1909
1911
1911
1911
1901
1904
___ ____
1,599 1890
1,599 1890
163 1894
___ 1901
162 1892
162 1892
182 1893
130 1890
227 1902
117 1903
—
1904
Par
Value
$1,000
1,000
1,000
1,000
1,000
1,000
100
100
100
1,000
1,000
1,000
1,000
1,000 ftc
1,000
1,000
1,000
1,000
1,000
1.000
1,000
500 &c
1,000
1.000
100 ftc
1.000
1,000
100
100
500 ftc
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
250 ftc
First refunding m tge. of 1809 Is for $25,000,000, of which $7,894,000
reserved to retire underlying bonds and $4,000,000 for future extensions,
Improvem ents, ftc., under severe restrictions. The mtge. Is a first lien on
277 miles of road, &c., and a blanket Hen on rest of property, and Is further
secured by deposit of $2,530,000 Des Moines ft Ft. Dodge com m on stock.
V. 68. p. 187, 332; V. 79, p. 2147; V. 80, p. 2220; V . 87, p. 1420; V. 88
p. 295. 452. 500. See V. 69. d . 32.
T he 83,000,000 6% notes o f 1913 are now secured b y deposit o f 56,000,000
o f tho ref. and ext. M . 5s o f 1912. V . 96, p . 136, 360.
The "refunding and extension” 50-year bonds, dated Jan. 1 1912 ($75,
000,000 auth. Issue) are secured b y a general lien on properties now Owned,
subject to existing Hens, and, through the retirement of the bonds of the
Minnesota Dakota & Pacific R y ., became a first lien on the property of said
M. D. & P. R y ., constituting the recent extension to the Missouri R iver,
229.6 miles; they will also be a first lien on the contem plated extensions.
Of the bonds $2,500,000 were In Jan. 1912 offered pro rata to stockholders
(the Issue being underwritten), the proceeds being used to discharge obliga
tions maturing Feb. 1 1912, aggregating $2,100,000, and release underlying
bonds aggregating $1,850,000; and $6,000,000 are deposited under the
notes duo Feb. 1 1914. O f the remaining bonds, $39,891,000 were reserved
to retire a like amount of underlying bonds, $l,()30,000 to retire equipment
obligations, $11,073,000 for im provem ents, second track, & c., $3,O0(),OOO
to purchase rolling stock and $10,000,000 to construct or acquire additional
road, branches or terminals. V . 93, p . 1688; V . 94, p. 279, 487. 631; V . 96,
p . 136.
_
The $3,072,000 Des Moines & Fort Dodge 4 % bonds dated Jan. 1 1905
are gu ar., p. & 1. V . 79, p. 1704, 2696. A lso $200,000 H ocking C o . 1st
6s ($600,000 auth. issue). V . 96. p . 360.
E A R N IN G S .— 10 m os.,f 1912-13...G r o s s , $8,234,702; net, $2,261,414
July 1 to April 30. 1 1 9 1 1 -1 2 ...Gross, 6,483,331; net, 1,149,076
F or 9 m os. ending M arch 31 1913, net, $2,081,601, agst. $1,037,288 in
1912-13; fixed charges, $1,619,900; bal., sur., $461,700. V . 96, p. 1365.
A N N U A L R E P O R T .— Status June 1913, V . 96, p . 1702. R eport for
1911-12 inl V. 96, p. "t82, showed results on 1,586 miles.
------~
----------1911-12.
1910-11.
J'ne
30
Y r .— 1911-12.
1910-11.
Oper. revenue $7,954,116 $8,605,554 D educt bd .int $2,038,498 $2,003,723
91,724
71,157
N et (a ft.tax.) 1,443,302 2,064,277 Int.,dis.& exch.
88,642
55.050
Other Incom e.
108,521
125,599 Hire e q ., b a l.
T otal net Inc. 1,551.823 2,189,876
............-def.$667,041sur.$59,856
Balance, surplus or d eficit-------------_ FF
________
_
Newman Erb; V .-P s., W . G. Bierd, Minneapolis,
O
IC E R S .— Pres.
and F. II. Davis, N. Y .; Treas., F. II. Davis; S ec., A . C. Doan. Office,
25 Broad Street, N . Y .
D irectors— II. E . Huntington, F. H . Davis, Frank Trumbull. T heo. P.
Shonts, A . C . D oan, Newm an E rb, W . J. W ollm an, F . P . Frazier, New
Y ork ; W . M . W adden , B oston, M ass.— (V . 96, p. 1365, 1702.)
MINNEAPOLIS ST. PAUL & SAULT STG. A1ARIE RY.— Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North Dakota,
at International boundary line, there connecting with Canadian P ac., 1,040
miles; branches, lianklnson R iver, N. D ., to M ax, 305 miles; Glenwood,
M inn., to N oyes, 265 miles; Thief River Falls, M inn., to Kenmarc, N . D .,
296 m .; Moose Lake, Minn., to Plummer, M inn., 193 m .; W ishek, N . D ., to
P ollock, 70 m .; Brooten to Duluth, M inn., 187 m .; other branches, 357 m .;
spurs, 8 m .; total July 1912, 2 ,7 i8 miles; also trackage to Minneapolis,
S t. Paul (being replaced by line owned: V . 83, p . 38) and Sault Ste. Marie,
Duluth and Superior, 22 m .; leases W isconsin Cent. R y . (which sec), 1,033
miles; total, 3,773 miles.
Extension to Plummer, M inn., 200 miles, was opened O ct. 1910, and one
from Frederick, W ls., to Duluth, M inn., In A pril. Extension from Drake
to F'ordvllle, N o. D ak., was opened about O ct. 1 1912. V . 95, p . 745.
Owns Lawler, M inn., to Cuyuna, 37 m ., not lncl. In above. V . 91, p . 912,
787.
H IS T O R Y .— A consolidation in 1888 of Minn. Sault Ste. Marie ft A tl..
Minn. & Pac., &c. See V . 46, p. 5.38, 609; V . 77, p. 628.
In 1909 51% of W isconsin Cent. com . stock was purchased, affording a
Chicago connection, the road being leased for 99 years from April 1 1909;
$11,169,000 4% leased line ctfs. were Issued (to Juno 1913), secured by the
Wisconsin Central pref. stock. V . 88, p. 232, 564, 686; V . 98. p. 1668.
In t. on Wise. Cent. 1st & ref.f4s ($6,000,000 out)Is guaranteed. V . 95, p . 968.
In 1911 the Central Terminal R y . was organized to build a new Chicago
terminal to replace the facilities leased from the Illinois Central. See
BONDS below . V . 93, p . 1463, 1387, 871, 285; V . 95. p . 745.
•S T O C K .— Canadian Pacific in July 1912 owned $12,723,500 com m on and
$6,361,800 preferred. Preferred stock has a prior right to 7 % (non-cum .);
then com m on to 7 % : then share pro rata. V. 75, p. 549.
Stockholders of record April 15 1911 subscribed pro rata for $2,187,400
pref. and $4,374,800 com m on stock at par. V . 92, p. 725, 882.
D IV ID E N D S .— 1 ’03. ’04. ’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12. 1913.
4
4
4
4
6
6
7
7
7 3 1 4 .C o m m on .. . c ..........% J 2
BO N D S.— Can. Pac. guarantees 4 % int. on all old bonds assenting to a
reduction of Int. to 4 % ; also on consols of 1888. (See V. 50, p. 784: V. 51,
p. 239.) A bout one-naif Minn. & Pac. bonds and practically all other issues
assented. Abstract of M inneapolis Sault Ste. M arie & Atlantic m tge. In
V . 45, p. 243. The consolidated mortgage of 1888, abstract V . 47, p. 142,
was for $21,000,000 on 800 miles (sufficient of this reserved to retire prior
bonds) and for $20,000 per mile on all additions. V. 94, P- 351: V . 73, p. l85:
V. 78. p. 820; V . 79, p. 1332: V . 80, p. 651: V . 87. p. 1011, 1664: V. 89,
p . 779;V . 91. p . 1026; V . 95, p. 544. As to 2d 4s, sco V . 68, p. 669, 771,
977; V . 71, P- 845; V . 85, p. 1616; V . 96, p. 1089The Chicago Terminal 1st M. 30-year gold 4s ($20,000,000 auth.) are se
cured under a Joint mtge. with Central Terminal R y . on the terminals for
the Minn. St. P. & S. S. M. and Can. Pac. system lines. They are subject
to call on any Interest date beginning N ov. 1 1916 as a whole at 105 and
must be called yearly, beginning N ov. 1 1916, at 102 >4 by a sinking fund suf
ficient to retire Issue at or before m aturity If not purchasable for less. The
$6,000,000 bonds sold represent cash Investment equal at least to their par
value, the remainder being reserved for not exceeding 80% of cost of exten
sions and Improvements. V . 93, p .1 4 6 3 ; V . 95, p .7 4 5 .
Amount
Outstanding
$7,650,095
6,580,000
192,000
122,000
3,072,000
200,000
25.206,800
12,603,400
11,169,000
8,136,000
286,000
54,916,000
3,500,000
6,000,000
687,000
854,000
960,000
918,000
3,021.000
1.980,000
220,000
4,100,000
2.500,000
350,000
See text
758,500
790,000
63,300,300
13,000,000
39,999,500
20,000,000
3,253.000
1,924,000
4,000,000
58,000
1,689.000
2,500,000
5.468,000
2,347.000
9.992,000
Rate
%
When
Payable
[ V o l . X CV I
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
5 g
4 g
5 g
5 g
4 g
„
6 g
7 in 1912
7 In 1912
4
4 g
4 (5)
4 g
4 g
4 g
6
414
414 g
414 g
414 g
4 & 5
5 g
5 g
5 g
5
5 g
4 g
4 g
J
M
M
A
J
J
A
A
A
J
J
J
J
M
J
A
M
,r
J
F
J
J
A
J
A
,T
J
ft D June 1 1938
ft S Mch 1 1951
ft N T o May 1 1919
ft O To Oct 1 1920
& J Jan 1 1935
& J July 1 1932
ft o Apr 15 ’ 13 314
ft C) A pr 1 5 ’ 13 314
ft o Apr 1 2008
ft .) Jan 1 1926
ft J Jan 1 1936
ft J July 1 1938
ft .1 Jan 1 1949
ft N N ov 1 1941
ft J T o July 1 1917
ft o T o April 1 1920
& s To Mch 1 1921
& D T o June 1 1 9 2 2
& J T o Jan 1 1923
& A Aug 1 1916
& J Jan 1 1922
& J July 1 1949
& O Oct 1 1931
ft J To O ct 1 1916
ft O Oct 1 1941
& J Jan 1 1951
& J Jan 1 1951
4 In 1912
4 g
4 g
5 g
4 g
5 g
5 g
5 g
4 g
5 g
5 g
4 g
M
J
F
M
A
A
A
J
F
M
M
M
& N May 10 ’ 13 2 % Checks mailed
O ffice, 71 Broadway
& D June 1 1990
do
do
& A June 1 1990
do
do
ft N N ov 11944
do
do
& O A pr 12001
do
do
& () Apr t 1942
do
do
ft O A pr 1 1942
do
do
ft D June 1 1943
do
do
& A Aug 1 1990
do
do
ft N May 1 1942
do
do
ft S Sept 1 1943
do
do
& S Sept 1 2004
Bankers Trust Co, N Y
do
do
Penn Co for Ins.& c.P hlla
do
do
Central Trust C o . N Y
N ow Y ork
Minn office; checks mall
do
do
Bank of Montreal, N Y
do
do
do
do
do
do
New Y ork ft London
do
do
do
do
Bank of M ontreal, N Y
do
do
1st Nat B k.St Paul,Minn
Cont ft Com Tr & SB,Ch
H arvey Fisk ft Sons. N Y
1st N B k, N Y & StLouis
1st N at B k, N Y & Chic
St Louis Union Trust Co
St Louis U nion Trust Co
G E N E R A L F IN A N C E S — In Feb. 1912 sold $1,520,000 consol. 4s.
making amount out $52,225,000. As to Chicago Terminal 4s of 1911,
S6.000.000 sold, see above.
E A R N S . (R oad p ro p e r)./1 9 1 2 -1 3 ..G ro ss, $18,231,282; net, $7,289,217
10 m os., July 1 to April 3 0 .1 1 9 1 1 -1 2 ..Gross, 14,288,317; net, 5,510,704
R E P O R T .— R eport for year ending June 30 1912 was in V . 95, p. 745.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Average miles operated--------------------2,741
2,039
2,461
Gross earnings................ . ....................... $16,770,700 $12,819,188 $15,060,237
Net after taxes....... ....................
6,396,142
3.920.607
6,380,578
Other Incom e. ..........................................
1,058,236
913,204
865,614
T otal net incom e.................................... $7,454,378
$4,833,811 $7,246,192
Interest on bonds, ftc________________ $2,659,855
$2,447,619 $2,298,387
Int. on W ise. Cent, leased line c e r t s ..
445,837
445,716
443,969
Rental of term in als..............................
124,396
109,049
103,394
Preferred dividends ( 7 % ) ....................
805,679
729,120
658,560
Dividends on com m on.................. ........
1,611,358 (7)1.458,240(614)1233120
Balance............................................ sur.S 1,807,253 def .$355,933 s.$2,508,762
— (V . 95, p . 745 , 750, 968, 1207; V . 96. p. 63, 203, 487, 1089.)
MINNESOTA TRANSFER R Y .— Union road owning 13.54 miles, ex
tending from Junction with Chic. Mllw. & St. Paul at Merrlam Park to Frid
ley (with stock yards, ftc.); side tracks, 74.65 miles; total, 88.19 miles.
V. 67, p. 956. Stock, $63,000, equally owned by Chic. Mllw. & St. Paul,
Nor. P ac., Chic. St. Paul Minn. ft Omaha, Minn. ft St. Louis, Chic. Burl. ft
Quincy, Great N orth., Chic. Great W est., Minn. St. Paul & Sault Ste. Marie
and Chic. R ock Island & Pacific. Additional bonds can be Issued for Im
provements, ftc. Principal only Is payable In gold. M ortgage trustee,
Northwestern Trust C o., St. Paul.— (V. 67, p. 956.)
A1ISSISSIPPI A RK AN SAS & W ESTERN R Y .— Owns Bllssvllle, A rk.,
to Vinson, 8 miles. Stock auth., $220,000. Year 1911-12, gross, $15,010;
net, $2,025: Int. ft taxes, $11,821; bal., d e l.. $9,796. In 1911-12, gross,
$23,222; net, $10,540. Pres., A . P . Bliss, Saginaw, M ich.; Seo., F . L .
G .cgory, Bllssvllle, A rk.— (V . 75, p. 442.)
M ISSISSIPPI CENTRAL R R .— Owns from a point 14 miles south of
Hattiesburg, Miss., to Natchez, 164 miles, Including the form er Natchez ft
Eastern,Natchez, Miss., to B rookhaven, 66 miles, taken over b y consolida
tion In June 1909. Extension proposed to Gulf of M exico. Stock auth.,
$5,000,000; outstanding, July 1912, $3,940,000; par. $100. Dividends of
6% yearly paid to Oct. 1 1907: none since to June 1913.
Bonds.— 1st M. bonds dated July 1 1909. limited to $10,000,000, are Issu
able at $25,000 p. m .; they are subj. to call by lot at 110 for yearly sinking
fund of $300 p. m. of road covered from July 1 1912; also as an entire Issue at
same price
T hey are guar., p. ft 1., b y U. S. Lum ber Co. V. 88, p. 1561.
E A R N IN G S .— 10 m o s.,f 1912-13...........Gross, $870,754; not, $359,077
July 1 to April 30. \1911-12______Gross. 733,010; not, 285,690
Year ending Juno 30 1912, gross, $822,762: net, $251,230; other Income,
$69,670; Int. on bonds, $205,000; sinking fund, $49,200; b al., sur.,
$66,704. Pres., F . L . Peck; Sec., G. F . R o y cc . O ffice, H attiesburg,
Miss.— (V . 90. p. 1171.)
M ISSISSIPPI RIVE R & BONNE TERRE R Y .— Owns Riverside. M o.,
on Mississippi River, to Doc R un, M o.. 46.44 miles, with branches, 18.10 m .;
also 43.44 miles of industrial tracks; total tracks about 108 miles. In July
1912 purchased St. Francois County Electric R y . V . 95. p . 236.
S T O C K . — Stock auth. and outstanding. $3,000,000: par $100.
D lvs.
paid from 1900 to 1910. 6 % ; for year 1910-11, 7 % . and for 1911-12, 6 % .
BO N D S.— The $2,500,000 1st M. gold 5s of 1911 are secured by a closed
first m tge. on the property owned and hereafter acquired except about onehalf In value of the equipment, and further by deposit of a $2,000,000
20-year 5 % note of the St. Joseph Lead C o., the latter having no bonded
debt, and agreeing to create none during life of note without securing
the same equally and ratably with all bonds secured under such m ortgage.
They are redeemable at 105 as a whole or by lot for a sinking fund of $25,000
yearly for first 5 years and $50,000 a year thereafter. V . 93, p . 589, 871.
E A R N IN G S .— For year ending June 30 1912, gross, $754,609; net,
$223,702; other Income, $129,250; bond in t., $116,500; other charges,
$25,358; divs. (6 % ), $172,500; b al.. sur.. $38,594.
Pres., Dwight A. Jones; Treas., G. S. Parsons; S ec., F. P . Graves.
Office, 5 Nassau S t.. N . Y .— (V . 93. p. 286. 589, 871; V . 95. p . 236.)
MISSOURI A RK AN SAS & OULF R Y.— See page 139.
MISSOURI & ILLIN OIS BRID GE & BELT R R .— Has bridge 2,100 feet
long across the Mississippi River at Alton, 111.; also 2 miles of road. Owned
by Cleve. Cine. Chic. & St. Louis, Louisville ft Nashville, St. Louis Iron
Mtn. ft South., Balt. & Ohio, Missouri P ac., W abash, Chic. R ock Island ft
P ac., St. L. & San Fran., Mo. Kan. & Texas and St. L. Vandalla & Terre
Haute (Penn. R R . system ). Incorporated In A ug. 1904 as successor of tho
St. Clair Madison ft St. Louis Belt Railroad. V. 79. p. 1642, 681. Stock,
$2,500,000; outstanding, $110,000.
For year ending June 30 1912.
gross. $48,780; net, $26,995; other income, $115,761: int. ft taxes. $69,813;
surplus rentals distributed, $55,000; Impts., $128; mlsc. deductions, $443;
bal., sur., $17,370. Pres., Henry Miller; T reas., F . H . Ham ilton; Sec.,
W . F. Bender, Lincoln T r. B ldg., St. Louts.— (V . 88, p. 1128.)
MISSOURI KANSAS & TEXAS R Y .— (See M a p .)— Operates a lino with
northern terminals at St. Louts, Kansas City, Junction City and Hannibal,
M o., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San A ntonio,
T e x ., and Shreveport, L a., with branches. (*Seo this com pany.)
In June 1910 acquired $3,967,800 of the $4,000,000 stock o f Texas
Central. 309 miles. See BONDS below.
In 1911 the stock of the W ichita F a lls * Northwestern R y . and W ichita
Falls & Southern R y ., together operating 417 miles, was acquired,and tho
earnings have been Included since N o v . 1 1912. V. 95, p . 1057.
In O ct. 1912 purchased entire stock o f Beaumont & Great N orthern R R .,
extending from W eldon to Livingston, T e x ., 49.3 miles. V . 95, p. 968.
J
u n e
,
1 9 1 3 .]
RAILWAY STOCKS AND BONDS
a
80
R A IL W A Y
R A IL R O A D C O M P A N I E S
[For abbreviations, & c., see notes on first page]
STO C K S
M iles
Date
Road Bonds
Par
Value
A N D
Amount
Outstanding
B O N D S
Rate
%
When
Payable
[ V o l . XCVI.
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
M issouri K ansas & T exas— (.Con)
Gen M $20,000,000 gold sink fund red at par _N c
1906
S W C & Im p 1st M assumed sink fund call at 125* F
1889
Consol m ortgage $125,000,000 gold authorized '
1910
T w o-year secur g notes $25,000,000 red p a r .-C e .c
1913
Dallas & W aco 1st M $20,000 P m g gu p & l__Ce o*
66 1890
M K & T of I ex as 1st M $20,000 p m _Ce.c* 1 Guar pr
225 1892
B oonvllle Bridge 1st M gold sink fd .C e .o , /& lnt
1901
E qu ip t trust notes gold $95,000 due s-a call p a r ..C e
1913
Mo & N Ark RR— R ec ctfs $2,500,000 g red 101 May 13
1912
Missouri Oklahoma & Gulf RR— Stock $20 ,00 0 ,0 0 0-.
Flrst mtge $20,000,000 see te x t______ .
_.S S t
1911
M issouri Oklahoma & Gulf R y— Stock $10,000,000Flrst mtge $10,000,000 g red t e x t .............S S t .c
350 1904
Second M g o ld ________________
ir
d G2^nR y
T ex"lst M $1,566'OOO.'.SSt
1911
M O & G R y & Terminal first m ortgage g u a r ...
MiSs0V,^ £ a,?lfl.c I 7 Stock $240,000,000 a u t h o r iz e d )...
Pacino R R o f Missouri 1st M ext In 1888 g o ld _ ..B a
284 1868
Second mtge ext In 1891 In gold St L to K C - .c
284 1871
r lrst mtge St Louis real estate ext In 1892 g o ld .
1872
£Lr,s1Lr?,tge Caron Br g gu p & 1 (end) extend 1893
~13 1873
Third M ext In 1906 red 105 (V 83, p 492, 1348)Ce
297 1876
Missouri Pao 1st M Lexington to Sedalla, M o, gold
57 1880
Consolidated m ortgage $30,000,000 gold _________ c
1,076 1880
Gold collateral trust.........................
Un c ’ &r 1,120 1887
First coll M $10,000,000 g (V . 50, p . 6 6 9 )..B a .c* r& r
671 1890
Mortgage $37,255,000 g red at 102 ^ . . . B a . x c * &r*
1905
Ler & Caney V 1st M g g u (V 70, p 1095) assum ed.c*
'5 2 1886
Verdigris Val Indep <fc W 1st M g guar assum ed___
81 1886
K O & N W 1st M pref " A ” g assumed red 1 0 5 .-Ba
1894
Cent Br U P 1st M g a ssum _____________________ Un.
166 1898
Central Branch 1st M gold assum ed_____________ Ba
288 1899
Kan & Col Pao 1st ref M g gu a ssu m ed --E q .x c*& r
1908
First & ref M $150,000,000 red con v t e x t .a .x c * & r » 3,779 1909
Boonvllle St L & South R y 1st M g gu rcd 107 )4-E q
44 1911
Secured gold notes $25,000,000 red par............Un.c
1911
E quip A ss’n obllg’ ns,|Ser D to F g $103,000 -.1 9 1 3
1903
do
do
Ser G to 1 gold $220,000 yearly
1905-7
Equipm ent notes series 2 due $142,000 s-a red par Ce
1912
Mo Pao equip bds g $335,000 M ay 1 y 'l y . .C K .c * &r
. . . 1907
$1,000 $12,263,000
4)4 g J & J Jan 1 1936
O ffico, 71 B ’w ay, N Y
1,000
968.000
6
J
& J July 1 1929
do
See text.
A & O A pr 1 1940
£
s
1,000 19.000.
000
M & N May 1 1915
N
ow
York
£ K M &
1,000
1.340.000
N N ov 1 1940
Office, 49 Wall St, N Y
1,000
4.505.000
M & S Sept 1 1942
do
do
1,000
981.000
4 g
M & N N ov 1 1951
do
1,000
1.900.000
J & D D ec ’ 13-J’no ’23
£
g
1,000
1.250.000
M & N May 1 1915
6 g
Mercantile T r Co, St L
100 10.000. 000
100 10,000,000
M & N N ov 11961
St Louis (S S t) & Paris
100
5,160,500
100 &c
7.007.000
5 g
M & N N ov 1 1944
St Louis S S t) & Paris
1.254.000
M & N June 1 1925
. do
do
See text
5£ g
1941
do
do
550.000 „
M & N N ov 1 1944
5 g
do
do
100 83,251,085 See text J
& J Jan 30 1908 2)4 165 B roadw ay,N ew York
1 ,0 0 0
6.996.000
F & A Aug 11938
Bankers Trust Co, N Y
t g
1,000
2.573.000
J
&
J July 1 1938
do
do
£ g
g
500 &o
800.000
5
M & N May 1 1938
do
do
500
237,500
4 )4 g A & O Oct 1 1938
do
do
1.000
3.828.000
4
M & N July 1 1938
do
do
500 &o . 650,000
F & A Aug 1 1920
do
do
£ g
e
1.000 14.904.000
6
M & N N ov 1 1920
do
do
1,000 14.375.000
5 g
M & S Jan 1 1917
do
do
1.000
9.636.000
F & A Aug 11920
5 g
do
500 &c 37.255.000
4 g
M & S Men 1 1945
do
do
1 ,0 0 0
520.000
J & J July 1 1926
5 e
do
do
1,000
806.000
5 g
M & s Men 1 1926
do
do
1 0 0 &o
1.024.000
5 g
J
& J Jan 1 1933
do
do
1,000
2.500.000
do
4 g J & D June 1 1948
do
1,000
3.459.000
F & A Feb 1 1919
4 g
do
do
1 , 0 0 0 &c
3.972.000
6 g
F & A Feb 1 1938
100 &c 29.806.000
5 g
M & S Sept 1 1959
Bankers Tr Co. N Y
1,000
„ 500,000
5 g
F & A Aug 1 1951
do
do
1,000 25,000,000
J
& D June 1 1914
Union Trust Co, N Y
£
e
1,000
151.000
—
M
To
Deo
1914
Equitable
Trust Co, N Y
£
£ S
1,000
594.000
— M To Deo 1916
New York
£ e
1,000
2.414.000
5
M & N ro N ov 1921
3olum -Kniok Tr Co, N Y
1.000
1.340.000
5 g
M & N May 1914-1917 Central Trust Co, N Y
M .K .& . T .of Tex.-Oper. (345 m.)—
T l?1I? bVJ1 (Chairman), Charles E. SchafI, St. Louis;
•Tex. C ent.(99% stock o w n ed ). 309
18
S t n ^ ^ n n l T / i h \ v l ^ n kaA > y a n fe r,Up,' James N - W allace, H arry S. Black,
•Wichita Falls R y ____ )N o t
W ascom to S hreveport]ow ned.
19
M.K.& T.Rg.— Owned (166 m.) Miles.
St. Louis to Red R iver_________ 629
H annibal, M o., to Franklin J e t. 105
K . C ., M o., to Parsons, K a n ___
94
Parsons, K an., to Okla. C it y .. 203 Op.Jointlu(a.) — M .K .& T.R y. (81 m.)
Junction City to Parsons, K a n . 158 St. Louis to Machens, M o_
27
86 Kansas City to Paola................
K . C. June, to Paola, K an_____
43
Oklahoma City to A tok a ______ 132 Dewey to Bartlesville____
4
Osage June, to Verdark, O kla.i.
79 Moran to PIqua
7
Fallls to Guthrie...............
23 (6) M . K . & T. o f Tex. (155 m .)—
Other branches________________ 1 5 5 W hltesboro to Fort W orth
71
M .K.& T.of Tex.-Owned (1,153 m.) — Houston to G a lveston ...............
50
R ed R lv .to H ouston,via F t .W . 357 Sou. Pac Connection. San A n t .
3
Denison to H lllsb., via D a lla s.. 172 Austin to San Marcos (see ln t.
87
W hltesboro to H enrietta______
& Gt. Nor.; V. 94, p. 4 1 6 )...
31
Greenville to Shreveport______
150
Other branches------------------------- 387
Total operated June 30 1912.3,399
O R G A N IZ A T IO N ,&c.— R eorg. In 1890 without foreclosure. V .49.P .719.
in M a r. 1913 tho Texas Legislature passed a bill authorizing the M . IC. &
*• i
over the following subsidiary roads under leases for
not less than 25 years (such lease is all that is contem plated at present), with
option to com plete, extend and purchase, and to assume their bonded or
other Indebtedness and to give its own stock and bonds In oxchango for their
T>?>
t3 ,w t b approval o f Texas R I i. Com m ission: Texas Central
r w ’ ii T^ ta S?,11? * n - w . R y ., W ichita Falls & Sou. R y ., W ichita Falls
25 ii V'lftT-’ MGchita Falls R y ., Denison Bonham & N ow Orleans R R .,
W . R y ., Beaumont & Great N orthern R R . V . 96,
p . 790, 1298. In April 1913 acquired a half interest in tho H ouston &
Brazos Valloy R y ., A nchor, T e x ., to Freeport and Lighthouse, 23.6 miies,
with trackage to H ouston, 40 miles. V . 96, p. 1022, 1089.
L A N D G R A N T .— Land grant In form er Indian Territory (now Okla
hom a), 3,110,400 acres, subject to Indian title. See V . 79, p. 903, 1281:
V . 81, p. 668, 1042; com pare V . 67, p. 222; V . 55, p. 937: V . 61, p. 1155;
V .7 7 . p. 2339; V. 82, p. 1102; V . 84, p. 508, 1248; V. 85, p. 736. In Dec.
1911 the Court of Claims sustained the G overnm ent’s demurrer to the com
pa n y’s petition: appeal pending. V . 94, p. 912; V . 95. p. 1057.
D IV ID E N D S .— On pref., 1906 to May 1913, 4 % yearly (M. & N .).
B O N D S.— M. K . & T . 1st and 2d mtges. of 1890 (abstracts in V . 51,
■495) cover, besides right to land grant, 1,599 miles of road, including line
annibal, M o., to B oggy Tank (except 71 miles trackage), sundry branches,
and Sherman Shreveport & Southern, but see below.
• Missouri Kansas & Eastern bonds were assumed In June 1896. (V . 63,
p. 30.) $4,669,000 St. Louis DIv. 1st ref. bonds reserved for retirement
of b oth Issues; balance for ext. and Impts. V. 72, p. 1034; V . 75, p. 608.
Sherman Shreveport & Sou. m tge. Is for $6,000,000 at $20,000 per mile;
Issued, $3,689,000, of which $2,000,000 pledged under M. K . & T . mtges.
Bonds were assumed on consol. In 1901. V . 72, p. 1034, 1115.
Kansas & Oklahoma and Texas & Oklahoma bonds, Issued
at $20,000 per mile, guaranteed, have been assumed. V. 74, p. 1038:
v - 75, p. 185. 733: V . 77, p. 252; V . 78, p. 48: V . 79, p. 968.
Of the first and refunding 4s of 1904 ($40,000,000 auth. Issue), $12,037,
000 is reserved to re tire divisional mortgages at or before m aturity; balance
unissued ($17,525,000) for future purposes. T hey are payable at the op“ 5 ? of the holder In sterling, marks or francs. They are a second lien on
507 miles of road and on the first m tge. bonds o f Denison & W ashita Valley
**, JSa eo 3 «aJ?™a first lien on terminals and equipment of estimated
va*J?,e„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. *
'
o ^ %ni??.orVrSlP.kln? fund. 2 % of bonds yearfy from 1911. V . 82,
p. 218, 334, 692; V . 84, p. 1551; V. 85, p. 346. 654; V. 88, p. 101, 158.
Consolidated mortgage of 1910 Is limited to $125,000,000; $66,000 000 re
served primarily for refunding and the remainder are Issuable only under
restrictfons. The bonds were on June 30 1912 secured by the pledge o f
$14,505,000 bonds and $18,146,500 stocks. Including $4,727,000 M. K . & T
Term . Co. of St. Louis 1st 5s, $6,830,000 M. K . & T . gen. 4 )4s, $1,305,000
Texas Central pref, and $2,662,300 com m on stock, and b y a lien on the
property of the M. K . & T . subject to existing liens. In June 1913 $54,
978,000 consols had been authorized to be issued, of which $24,516,000 had
been Issued and deposited under tho 2-year 5 % gold notes. V . 92, p. 725,
$ 5 ; V . 90, p . 1491; V. 91, p. 336; V . 92, p. 1179, 1375, 1500. T h o$ 1 9 ,0 0 0 ,Sxx n7&ear £ % s c o r e d gold notes dated M a y 1 1913, issued to tako up $16,
000,000 notes due M a y 1, and equipment and im provem ents, are secured
by,deposit o f $24,516,000 consol. 5s. V. 96, p. 790, 863, 1157, 1229. B oonvUlo Bridge 4s, V . 73, p. 494.
M.
T • °r Texas m tge., $10,000,000. see guaranty. V . 56, p. 604.
l nc southwestern Coal & Improvement Co.'s bonds are guaranteed. Mort
gage ($1,000,000) covers coal lands In Indian Territory: the com pany also
a,cres additional, Den. & W ash. R y ., 47 miles, mines, & c. In
M a y 1913 sold $1,900,000 5 % equip, notes. V . 96, p. 1489.
E A R N IN G S — 10 m o s .,fl9 12-1 3 ---G r o s s , $27,585,043; net, $8,539,082
July 1 to April 30.
11911-12...G r o s s , 24,001,891; net, 5,914,431
A N N U A L R E P O R T .— Annual meeting first Thursday after first M onday
In April. R eport 1911-12 was given at length In V . 95, p. 1036. 1056.
Year ending June 30—
1911-12.
1910-11.
1909-10.
Average m iles..........................................
3.398
3,377
3,072
Gross earnings.............
$28,186,719 $29,065,294 $26,559,346
Operating expenses and taxes............. 2 2 , 2 6 6 , 0 3 0
21,612,165 20,198,967
&
Operating Incom e......... ..................... $5,920,689
Net I n c o m e . ...................................... $6,241,759
Interest on bonds_________________ _ 5 4 $61 620
Other Interest, & c ._____ ____________
’783 ’ 0 2 3
Rentals (Incl. 1909-10 hire o f e q u ip .).
579 048
$7,453,129
$7,878,218
$4,848,290
594,038
662,184
$6,360,379
$6,658,250
$4,801,355
11,032
804,400
Balance, surplus__________________
$17,168 $1,773,706 $1,041,463
Dividends on preferred stock ( 4 % ) ___
$520,000
$520,000
$520,000
O F F IC E R S .— Pres.. Charles E. Schaff, St. Louis; V .-P ., C. H alle, St.
Louis; S ec., Carl Rem ington; Troas., Frank Johnson, 71 B roadw ay. N . Y .
MISSOURI & NORTH ARK AN SAS R R .— See page 139.
OKLAH OM A & G U L F R R .— W agoner, Okla., to Joplin,
M o ., 120 miles, com pleted In Decem ber 1912. Construction begun from
Henryetta, Okla.. to Oklahoma City, 102 m . T o be built later from Deni
son, T e x ., to Dallas and F ort W orth, T ex. V . 96, p. 1022. T o bo an oxtonrfon^or enlargement o f Missouri Okla. & G u lf Railway, which seo below .
nnn
I st 6s) a,r,° hm ited to $27,500 per m ile, o f which $10.OOO'OOOwas offered in Fra nco M ar. 1912. T ho contractor will receivo $27,nn!i
®27,500 stock per milo. Interest during construction
unnriaoJui0 i,^8P ycaE of operation will be provided out of tho proceeds of
tbe ne?.t t^ ° years Is guaranteed by the contractor.
ar.a bailable on or after N ov. 1 1917 for the sinking fund at par and
as an entire Issue at 102 and lnt. V . 94, p. 487, 698.— (V . 96, p. 1022.)
OKLAHOM A & GULF R Y .— Owns and operates 229.72
Denfson ISf',T\reaiCk and
mlles o£ s*d|uKs extending from W agoner to
Denison via Muskogee and H enryetta; trackage Denison to Sherman, 10 K
L o wpitpi?
m S’
to C °a'ton. 5 m ., and Arkansas Junction to
laiufrM i™ 2
. Tho Missouri Oklahoma & Gulf R R . (which seo abovo)
,h p*}ding extensions to Oklahoma C ity , & c. V . 94, p. 488. Oklahoma
*Xrm ‘i R y -’ aut,h- stock $75,000, owns steel bridges over Verdigris and
Arkansas rivers used as toll bridges. V . 93, p . 469.
8
n r F , F ^ , cureid hy absolute first m tge. on entire property now owned
acquired, limited to $25,000 per mile, to be Issued upon com 6] ,o n n e^ °An3' T hey are, subject to call at 107 and interest
w n w n m h U S 00 6 m onths’ notice. V . 86, p. 1043. In July 1912
sold- Interest, it Is stated. Is guaranteed during conyears after com pletion of entire system by W m . Kene1171(C13R3
ThnMC n °
i
Ci t y- M o- v - 88, p. 686; V . 90, p. 977,
euarentppd hv thpMM ° n &
B y - o f Texas 5s ($1,006,000 authorized Issue)
R ive? a ^ d ^ e n ls o n ^ T p ? ' o G iiR y -; ar,e secured on the line between Red
strupH nnnnfi
9 V\ lcs; brIdge over the Red R iver under con seFaraVn PO
? 1 Itl0PaI 1In,es to be buIIt ln Texas, being Issued b y a
separate c o ., to meet legal requirements. V . 91, p . 1328; V . 93, p. 1022.
E PiP^MTMr^te-S i une 30 1912- « 701.466.
’ P
8 9 1 - nrhor i n p n ^ F^ o % 'l,r coding June 30 1912, gross, $891,039: net, $50,Tn 1 0 1 ^ 1
S3-36R !?«•• taxes, & c ., $593,517; b a l., d e f., $539,33fe.
In 1910-11 (227.89 aver, m iles), gross, $753,853; not, $62,918.
O F F IC E R S .— Prea., W m . Keneflck, Kansas City, M o.; V .-P . and Treas..
W - P . Dewar; Sec., E . R . Jones. General offices, Muskogee, Okla.—
(V. 92, p. 1500; V. 93, p.469. 1022, 1726; V. 94, p.488.)
(1) MISSOURI PACIFIC R Y . — (See M a p .)— Operates an Important sys
tem extending westerly and southwesterly from S t. Louis, M o., including
main lines from St. Louis to Pueblo, C olo., 896 miles; Kansas City to Omaha.
N eb., 216 m ., and branches In Missouri, Kansas and Nebraska. Through
the St. Louis Iron Mt. & South., which It controls, connection Is had with
Texas and the lines of the T ex. & P a c., Internat. & Gt. North, and the St.
Louis SouthWj, the whole form ing what Is known as the “ Gould S ystem ."
Lines
—
M"iles.
“ Owned
‘
'
‘ Leased Lines, & c.—
M iles.
896 Boonvllle St. Louis & Southern
St. Louis to P ueblo_____
44
Kansas City, M o., to Omaha___ 216 Kiowa Hardtner & Pacific R y .
10
Other main lines and branches.2 , 6 6 8 Trackage to St. Joseph, & o_.
84
Total Missouri Pacific and branch lines____________________________ 3,918
Also controls St. Louis Iron Mtn. & South, and leased lines, 3.315 miles.
Grand total Missouri Pacific mileage June 30 1912, 7,233 miles.
TlrIn. July 1912 made a Joint traffic agreement with the Chicago & North
Western R y . for handling through trains ln both directions between tho
C!£!cs and Kansas City, via Omaha and Sioux City. V . 95, p. 111.
. V } e Missouri Pacific R y . Co. owns about 40% o f the stock of the Denver
® B io Grande R R . C o., the latter extending from Pueblo to Salt Lake City,
while the D. & R . G. R R . Co. owns a m ajority of the stock of the Western
Pac. R y . C o., whose line, extending from Salt Lake City to San Francisco,
was com pleted In 1910, making a line from St. Louis to San Francisco.
. . O R G A N IZ A T IO N .— Merger In 1909 of old Missouri Pacific and branches.
V . 85, p. 1646; V . 89, p. 348; V . 91, p. 1705.
Early In 1912 new men representing Speyer & C o., Blair & C o., John D .
Rockefeller and Deutsche Bank, became directors. V 92, p. 462, 726,
795, 1109.
D IV S.1’82. ’83-’87.
’ 8 8 . ’89. ’90. ’91. ’92-’00. ’0 1 . ’02-’07.
_ .
1908. None
Per ct.]6 M 7 yly . 5 H 4
4
3
None. 2 H 5 yly . 2 H stk. since.
B ON DS.— The consol, mortgage Is for $30,000,000; balance unissued is In
trust to redeem prior bonds It deemed best. A bstract ln V . 47. p. 287.
The collateral trust bonds due 1917 (Union Trust Co. of New Y ork, trustee)
are secured by mortgage bonds of new roads at $ 1 2 , 0 0 0 or $15,000 per mile;
these em bracing line Fort Scott. K an., to Pueblo, C olo., &c. V .4 6 . p.678!
T be 4s of 1905 are limited under the "first and refunding” mortgage to
tne 5^7,255,000 outstanding; they are secured by an equal amount at par ot
Ir®« Mtn. stock. Compare V. 80. p. 712; V . 8 6 , p. 1344: V . 89. p. 1347.
I1rl n refUooAn ooIS ° r? gage ° f tbe Kansas & Colorado Pacific made ln
£,V«o8n6 h<?A 229’ 28? : ,v - 88. P- 452) is limited to $50,000,000 (at not to
S9 neR8 7 ?nnA i,« tSi m -’ lncl.u dlng $15,544 p. m. of prior underlying bonds);
$20,687,000 b °uds secured thereby were Issued, but of these $16,715,000
b®c n P'cdged under the new Missouri Pacific "first and refunding”
523,532,000 to retire underlying bonds of constituent companies
?o t8en m he d by trustee of M o. Pac. R y. coll, trust 5s of 1917 and 1920;
$0^ 81.000 reserved for exten. or Im provt. V .O O .p . 1171; V . 9 1 ,p . 3 3 7 .
innole« « £H?t
fo u n d in g ” bonds of the Missouri Pacific R y . C o., dated
1J09, are limited to a total of $150,000,000, bearing interest to bo fixed for
successive Issues at not to exceed 5 % , and, If desired, with conversion rights.
June. 1913.]
R A IL W A Y
R A IL R O A D C O M P A N IE S .
[F o r abbreviations, A c ., see notes on first page]
STO C K S
M iles Date
Road Bonds
M issou ri P a c ific — (Concluded)
1912
Equip ref bonds $6,500,000 (V 94, p 6 3 1 )................
Am Refrig Transit equip notes gold not guar— See 'Indu strlal
Mo Pac System — St Louis Iron Alt & Southern R y —
Gen cons & first guar m tge ($45,000,000) g - . Ba.c* 1.538 8 1 - ’8 7
1.538
do
do
gold stamped guar prln So ln t— c*
U nifying & refund M gold $40,000,000--M p .xo*& r 1,543 1899
739 1903
R iver & Gulf Dlvs 1st M $50,000,000 g-B a.xo*& r*
1912
1st and ref. M $200,000,000 authorized.................
'0 5 -’06
Car trusts ser Ser R to U, part yea rly------------------1907
do
do
gold $366,000 June yea rly.B a.c& r
1912
do
d o Ser 2 due $142,000 seml-an red par.Ce
Little R ock Juno 1st M a s s u m e d .................... Ba.c*
2 1891
Pine Bluff & W est 1st M assumed red 10 years 1 0 5 ..
44 1903
Little R ock So H ot Sp IstM gold assum ed____SSt
53 1899
Mobile & Birmingham R R — Pref stock ($900.000)-----Prior lien gold $600,000......................................C c.c
150 1895
First m ortgage $1,200,000........................... ...... Ba.c
150 1895
Mobile & Ohio— S tock ....... ................... ............................
First M Mobile to Columbus (principal g o ld )._ _ F .c
472 1879
First M exten Columbus to Cairo & branch g ___F.c
527 1883
General m tge for $10,500,000 (now gold) s f__F .c
527 1888
M ontgom D lv IstM $4,000,000 g ( V 66, p 10451Ce.c
189 1897
M obile & B Sh 1st M $200,000 assumed gold .. F .c
38 1899
1911
1st term and coll tr M $1,200,000 g due $60,000 s-a .
1900
S t L & Cairo coll tr g_ ($2,500,000) call p a r____G.c*
1913
M & O St Louis D lv M $3,000,000 gold red 102 > 4 -.
159 1886
St Louis Sc Cairo 1st M gold Interest guar_________c
1899
Equip tr Ser " A ” sinking fu n d ...............................
1899
do
Ser " B ” sinking fu n d __________________
1905
do
Ser “ D ” $33,000 due s - a .........................
1906
do
Ser ” E” $46,000 to Sep’ 14 then $45,000 s-a
1912
do
Ser " F ” $22,000 and $23,000 s -a ......... .
do
guar (V 84, p 9 9 6 ) .............................- -
M ob ile T e rm in a l & R y — Sec Ala Tenn & N or R y . . .
M oh aw k & M a lon e— See N ow York Cent & H R ItR .
1902
Monongahela RR — First M $1,500,000 Joint guaranty.
Monongahcla River R R — Bonds—-See B So, 0 R R
1909
Montana W yom in g & Sou— 1st M g re d 110 text Emc*
Par
Value
A N D
Amount
Outstanding
81
B O N D S
Rate
%
When
Payable
Last Dividend ■
Dividends are Payable
and Maturity
$2,175,000
Cos” and V 9 2 , p 883; V 95, p 1747.
A & O Apr 1 1931
1
$1,000 37,253,000
5 g
do
do
5,994.000
1,000
5 g A So O Apr 1 1931
do
do
1,000 30,551.000
4 g J
J July 1 1929
do
do
1 , 0 0 0 Sec 33.536.000
4 g M Sc N May 1 1933
See text
6
1
J
Sc J July 1 1952
579,000
5
1,000
Q— M T o June 1917 ’
1,464,000
1
1,000
5 g
Q — M T o June 1917
2,414.000
1,000
5
M Sc N T o N ov 1 1921<
435,000
6
A Sc O Apr 11916
1,000
1
880,000
1,000
5 g A Sc O Oct 1 1923
J
1,140,000
Sc J July 1 1939
1,000
:
4 g J
900.000
4
100
J Sc J July 1 1913 2 % .
600.000
5 g J So J July 1 1945
.
200,1000
do
1,200,000
do
4
J Sc J July 1 1945
200.1000
6.020,600 See text S e e text June 2 7 ’ 13. 4%
100
7,000.000
6
J & D Dec 1 1927
500 &c
do
1,000,000
do
6 g
1,000
Q - —Jan July 1 1927
9,471.500
u Sc S Sept 1 1938
over
4 g
500 &c
4,000,000
5 g
F So A Feb 1 1947
1,000
do
200,000
5 g
M So N May 1 1949
500 &c
960,000
5 g
F So A 15 To Feb 15 1921
2,500,000
4 g
1,000
<31— JF May 1 1930
See text
5 g J
& D D ec 1 1927
4,000.000
4 g J
Sc J Jan 1 1931
Farmers Loan & Tr. N Y
498,000
5
M Sc N May 1 1919
Farmers L & T r Co, N Y
499,000
5
A So O Oct 1 1919
do
do
132,000
4
J
& J Jan (’ 14-J u ly’ 15 Guaranty Trust Co, N Y
272,000
4 H g M Sc s Sept’ 13-Mch *16
do
do
405,000
M Sc s Sept’ 13-Mch '22 Bankers T r C o , N Y
271,000
5 g
do
or St Louis
Oct ’ 13-Oct ’ 14
St
i
1,307,000
I
900,000
3H g A
5 g
M
So 0 Oot 1 1942
So
s Sept 1 1939
Treas. office, PIttsb, Pa
Empire Tr Co, N Y
See circular, V . 89, p . 1347; V . 95, p . 813. Subject to call at 110 and St. Louis W atkins & Gulf, Arkansas So Louisiana and other controlled
Interest on any Interest day beginning Sept. 1 1917, either as a whole, or In roads: (2) Increase the authorized stock to $190,000,000. V . 89, p. 1543.
Owns $23,703,250 of the $24,984,756 Texas So Paclflo seconds exchanged
amounts equal to the pledged St. L. Iron M t. So Sou. bonds In case these
for 6 5% In gold 4s. See “ B onds" below.
last should be redeemed. The Immediate Issue consists of $31,981,000 5%
Series A bonds convertible at face value at holder’s option Into stock at
ST O C K .— Stock authorized, $190,000,000; Increased from $130,000,000
par from Sept. 1 1912 to Sept. 1 1932, and within such period up to 30 days In July 1911: outstanding, $44,391,299, of which $44,336,704 June 30 1912
o f date o f redem ption, If called for paym ent; $29,806,000 sold and $1,972,- owned b y Missouri Paclflo. See below .
O00 deposited under notes o f 1911 and $203,000 held In treasury.
D IV ID E N D S .— 1902 to 1904.10% yearly; 1 9 0 5 ,7 % ; yca rl9 0 5 -0 6 , 1 4 % ;
Total Authorized Issue of $150,000,000 First and Refunding Bonds.
1908-07, 1 0% ; 1907-08, 5 % : 1908-09. 4 % ; 1909-10, 6 % ; 1910-11. none;
Issued as Series A 5 % convertible bonds (1) $19,700,000 upon
1911- 12, 4 % ; 1913, Jan., 2 % (sem l-ann.). V . 96, p. 286.
deposit of a like amount of underlying bonds (Including
B O N D S .— General consolidated m ortgage Is fo r $45,000,000. N os.
$16,715,000 of the $20,687,000 K an. So Col. Pac. bonds here
11,001 to 18.000 Inclusive are endorsed with the Missouri Pacific guaranty o f
tofore certified, thus providing for paym ent of floating debt
principal and Interest; form of guaranty was In V . 56, p . 650: they are a
and not less than $4,653,000 for lmpts. (V . 90, p . 1296)............ $29,806,000 first lien on 1,538 miles. V . 68, p. 85, 233, 520; V . 78, p. 704, 1224.
Reserved to refund a like amount of underlying bonds________ 66,293,000
The gold 4s of 1899 (first Issue $30,000,000) m ay be Increased not ov e r
Reserved to provide premiums, A c., If required In refunding_______________ 4,640.500
$10,000,000, at $12,000 per mile, for construction or acquisition and equip
Reserved to retire a like amount of equipment obligations________________ 6,500,000
ment o f branches and extensions. T hey are secured b y a lien (subject only
Reserved (together with any bonds not required for refunding)
to the general consols) on all the railroads, terminals and equipm ent of the
for extensions, betterments and equipment and bonds secured
oom pany owned at the time of the making thereof and also a first and only
b y first m ortgage on union depots, stations and terminal fa
lien on all stocks and bonds form erly embraced In the trust o f the gold fund
cilities under careful restrictions (see note b elow )..................... 42.760,500 ing note Indenture, all leased and branch lines, or their bonds and stocks
Note.— Bonds converted into stock and canceled, but only to an aggre acquired b y the loan, and $23,703,000 Texas & Pacific seconds, future exten
gate of $40,000,000, m ay be re-lssued for additions, equipm ent, &c.
sions, &c. V . 68. p. 619: V . 70, p . 997: V . 74, p. 206; V . 78, p . 704. 1224.
The Issue Is secured b y a direct Hen on 3,779 miles first main track and
The original $20,000,000 R iver So Gulf Divisions 4s o f 1903 were secured
952 miles o f other track, subject to $66,293,000 underlying bonds, also b y a first lien on 678 miles o f road built or under construction (see above)
subject to certain underlying bonds on the entire equipment valued at and on terminal property at St. Louis, East St. Louis, Cairo and Thebes,
$18,621,297, and all other property now owned or hereafter acquired.
and 8,000 acres o f coal lands In Illinois, and deposit of the bonds o f the
They are a first lien at once on 165 miles of first main track and after Union R y . of Memphis. Additional bonds m ay oe Issued up to a total of
retirement, on or before N ov. 1 1920. of $43,025,000 of the underlying bonds, $50,000,000,at not over $30,000 per mile of main line, for new construc
on at least 3,079 miles of the present mileage of 3,779 miles b y a direct tion and $15,000 per mile o f second track and branches, but not exceeding
m ortgage on 1,712 miles thereof, and deposit of at least $38,441,000 of a the actual cost, and for additional terminals, equipm ent, double tracks, A c.
tota lllm lted to $43,219,000 bonds secured b y first m ortgage on 1,367 miles V . 76, p. 543, 600. 1085; V . 77, p . 1875: application to list, V . 77. p .
No underlying bonds In hands of public can be extended.
. . .
. . 2036. 2049: see also V . 85. p . 222; V . 86. p. 230: V . 87. p. 167; V . 89, p. 105;
The $25,000,000 3-year 5% gold notes of 1911 are secured b y deposit of V . 90, p'. 850: V . 91. p . 39. Pine Bluff So W est. 5s. see V . 78. p . 103, 769.
$19,500,000 S t. Louis Iron M tn. & Sou. 1st & ref. 6s and $2,500,000 Iron
The first and refunding bonds of 1912 ($200,000,000 auth. Issue) have
M tn. stock, $1,972,000 M o. P ac. 1st & ref. 5s, Ser. B (non-convertible)
Interest limited to 6 % . of which $27,097,000 are Issuable to retire the $11,
$9,800,000 com m on and $15,000,000 Denver Sc R io Grande pref. stock 300,000 Improvement bonds and $3,500,000 3-yr. notes dated June 1 1911,
and $5,000,000 Texas & Pacific com m on stock, $828,380 Texas & P acific to reimburse the M issouri P acific for advances and for other purposes.
R y . 5 % gold notes, due June 1 1914; $550,000 Concordia Coal Co. 1st M. A fter 4 % has been paid on the stock in any given year, one-third o f the
5% bonds; $150,000 Baring Cross Bridge Co. 7 % stock; $125,000 Pueblo surplus Is to be applied to a sinking fund to begin Sept. 11915 (not to exceed
Stock Yards Co. stock and $1,000,000 Western Coal & Mining Co. stock. S I,000,000) to purchase or cancel or reduce bonds. See V . 95, p . 177; V .
V . 95. p. 176.
94, p . 1250; V . 95. p . 813: V . 96, p. 1157, 1703. (Up to O ct. 18 1912
The collateral m ay be withdrawn against valuaOons fixed In the agreement $25,944,000 bonds had been Issued (o f which $6,444,000 were held in the
or changed with the written assent of Speyer & Co. The St. L . I . M. & So treasury) and the remaining $19,500,000 deposited under the $25,000,000
cannot Issue any additional bonds, notes or evidence of debt w ithout the 3-year 5 % M o . P ac. notes dated June 1 1911.]
approval of Speyer & Co. The remaining notes are reserved against the
Purposes for which Remaining $172,903,000 Bds are Reported as Reserved•
deposit of additional collateral
V . 92, p . 1436; V . 94, p. 827, 1057.
In Fobruary 1912 the com pany Issued $2,415,000 bonds, with subsequent Refunding 5134.389,000 underlying bonds Issued or Issuable, viz.:
General consol, railway and land m tge. bonds________________ $43,509,000
issues o f $1,060,000 bonds under section7 , article 2, o f the 1st & ref. M . (o f
U nifying and refunding bon d s........... ................. .......................... 40,000,000
which $1,300,000 have since been withdrawn and canceled, and o f the re
R iver and Gulf divisions 1st M. b o n d s --.............. ....................... 50,000,000
mainder— $2,175,000—$1,975,000 Is deposited with the U nion T rust C o .,
Pine Bluffs Sc Western R R . 1st M. bonds......................................
880,000
trustee o f the 3-yr. 5 % gold notes o f 1911 and $203,000 held In treasury).
Refunding equipment obligations at m aturity.............................
5,928,000
V . 94, p . 631; V . 93, p . 1260.
T o aid In refund’ g, extend’ g or retlr’g underlying bd s., n ot over 10,000,000
G E N E R A L FIN AN C ES.— The com pany on June 30 1912 owned $7,000, Future acquisitions and additions, new rolling stock, real estate
000 Wabash R R . pref. stock and the St. Louis So Iron Mtn. $2,826,200 pref.
under restrictions In m o rtg a g e ----------------------------------------------- 22,586,000
and $2,826,200 com . stock and $2,913,200 first refunding and extension
E A R N IN G S.— For 10 months ending Apr. 30:
bonds. See Wabash R R .
.
„_
,,
10 M os.—
Gross.
N et.
Other In c.
Charges.
Bal., Surp.
The m ortgage debt upon lines'securing the new first and refunding
m ortgage, after the Issue of the $29,806,000 Ser. A bonds, Including all 1912- 13......$28,871,797 $8,720,289 $327,219 $6,395,510 $2,653,998
7,271,839 319.561
5,972,381
1,619,019
outstanding underlying bonds, was about $25,500 per m. of main track. 1911-12_____ 25,220,339
In May 1011 $20,0(10,000 3-year 5 % secured gold notes were sold and in
R E P O R T .— For 1912 In V . 95. D. 814.
M ch. 1912 $5,000,000. As to new St. L . I. M. Sc So. R y . refunding M .
Years ending June 30—
1911-12.
1910-11.
1909-10.
see that co . V . 94, p . 1249; V . 92, p . 1436; V . 94, p . 827. In Juno 1911 Miles operated end of year___________
3,315
3,313
3,288
D en v. & R io Grande suspended dividends. V . 92, p. 1636.
Gross earnings.......................................... $30,102,115 $28,567,821 $26,916,891
9,915,129
7,986.765
9,298.528
Net earnings.................................
E A R N IN G S .— O f System for 10 m onths onding A pr. 30:
Other receipts....................................
571,519
566,544
503.310
10 Afos.—
Cross.
N et.
Oth, In c.
Charges.
Balance.
9,870.047
8,490,075
1912-13..$52,324,996 $14,329,112 $1,815,126 $15,082,313 sur.$ 1,061,925 Total net Incom e.................................... 10,481,673
Interest on b on d s.......................
5.977,525
5,116.301
5.383.356
10,761,309 1,631,402 14,380,223 d ef. 1,987,512
1 9 1 1-12_ 45,606.613
Taxes, bridge expenses, rentals, A c . . 2,381.571
1,606.490
2,288,143
A N N U A L R E P O R T .— Fiscal year ends June 30. R eport for year ending D iv id e n d s ......................................(4)1.775.649
(6)2,663.467
June 30 1912 In V. 95, p. 813. Annual meeting Is held at St. Louis In
March. R eport of earnings of Missouri Pacific S y s t e m have been as below,
Balance, surplus for yea r....... ..........
$346,928
$818,576
$483,789
including predecessor com panies o f present Mo. Pac. prior to A ug. 9 1909.
D IR E C T O R S .— G eo. J . Gould (Chairm an), BenJ. F. Bush (P re s to ,
1911-12.
1910-11.
1909-10.
1908-09.
Finley J. Shepard, James Speyer, Edgar L. M arston, E . T . Jeffery, E . C .
Miles operated, average.
7,231
7,235
6,775
6,489
Simmons, J. G . M etcalfe. Albert H . W iggin, Jay G ou ld. Edwin G . M errill.
T otal earnings...................$54,503,250 $52,776,593 $53,019,137 $46,385,543
Net earnings.................... 13,222,652
9.446,656 15,471,765 12,459,030 O . L . Garrison and C . A . P ratt.— (V . 96, p. 286, 1157, 1763.)
M O B I L E & B I R M I N G H A M R R . — (See M ap Southern R y .)— Mobile to
Net Inc (after taxes) ...$ 1 3 ,0 9 5 ,8 8 5 $9,186,342 $15,365,408 $12,393,988 Marlon Junction, A la., with branches. 150 miles. Leased to Southern R y .
from Maroh 1 1899 for 99 years, the latter agreeing to meet the Interest on
In te re s t.......... ..............13,434,924 $12,213,2661 $12,605,997 $11,329,479
Rentals and Miscellaneous 1,640,053
2,205,615/
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 com m on stock. $894,900 is owned by
S a'a n ce........................... dof.$1979092def.$5232539sur.$275941l8ur.$1064509
Southern R y ., and voting power on pref. assigned to Southern R y . during
Pres., Benjam in F. Bush; Sec. and Treas., A . H . Calef.
lease.
V . 68. p . 429, 1134; V . 69. p. 391; V . 71. p . 1013.— (V . 72. p . 1370
Directors— George J. Gould (Chairman), James Speyer, Edgar L . Mars*on. E. D. Adams, Edwin Gould. Edward T . Jeffery, Klngdon Gould, J . G.
M O B I L E J A C K S O N & K A N S A S C I T Y . — See New Orl. M ob. & Chicago.
Metcalfe, E dw in G . M errill,N ew Y ork: B . F . Bush, St. Louis; E .B .P r y o r ,
M O B I L E & O H I O R R . — (See M ap Southern R y .) — Owns from Mobile*
S . F . Pryor, S t. Louis; R . Lancaster Williams, B alto., M d. N . Y . office,
Ala., to Columbus, K y ., 472 m ., proprietary line, K entucky So Tenn. R R*
165 B ’w a y .— V . 95, p. 1331, 1472, 1746; V . 96. p. 63. 1702.
to East Cairo, 19 m .; branches to Columbus, M iss.. A c.. 34 m .; Columbus*
(2) M I S S O U R I P A C I F I C S Y S T E M — ST . L O U I S I R O N M O U N T A I N &
Miss., to M ontgom ery, A la ., 167 m .; M obile So B ay Shore Branch, 38 m .;
S O U T H E R N R Y . — (See M a p .)— Owns St. Louis to Texarkana, A r k .,
with Warrior Branch, 9 m .; W arrior South. R y . (all stock and bonds
490 miles; S t. Louis to Thebes, Paragould to Clayton J et., L a ., L it tle ow ned). Tidewater, A la ., to Kellerman, 14 m .; B locton Branch, 13 m .; total
R o ck to Lake Charles, L a ., Little R ock to Oklahom a-Kansas State L ine, owned, 766 m .: St. Louis So Cairo (leased). Cairo to E . S t. L .. 152 m ., with
Gordon, A rk ., to VIdalla, L a., and Diaz to Carthage, M o.; total main lino branches to M lllstadt, 7 m .; trackage, 189 m .; total June 30 1912, 1,114
mileage, 2.150.93 m .; branches In Missouri, Illinois, Arkansas, Louisiana. miles. Mississippi anti-trust suit, V . 95, p . 1403.
979.05 m .; total owned mileage July 1 1912, 3.130.58 m .; trackage and
S TO C K .— Stock authorized, $10,000,000: outstanding, $0,020,600: par.
under lease, 184.78 m .; total operated mileage July 1 1912, 3.315.36 m.
The stockholders voted February 2 1910 to (1) purchase the Arkansas $100. The voting power on $4,984,200 of the stock is exercised b y the gen
eral m ortgage bondholders b y virtue o f deposit o f old debentures of 1879.
M idland, Little R ock So H ot Springs W estern, Pine Bluff So W estern,
82
R A IL W A Y
RAILROAD COMPANIES
IFor abbreviations, A c., see notes on first page]
M ontgom ery & Erie Ry— 1st M (old 7s extended ln’86)
M o n to u r R R — lstM g $ 2 ,7 5 0 ,0 0 0 red l0 5 sftex tU
*
Morehead & North Fork RR— 1st M gold -----------Morelia & Tacam baro— First M gold(see text).U sm .o*
M organ's La & Texas— First M (N O to Morg C )-F .c*
First m ortgage Alexandria Extension gold ________ F
General m ortgage--------------------------------------------------- F
M organtow n & K ingw ood— 1st M $125.000____
1st m ortgage $1,500,000______________________
Morris fit Essex— Stock 7 % guaranteed D L & W ____
First m tge guaranteed under lease______ Ba.o&r
Cons M (tor $25,000,000) guar D L & W - .- U s .c * Ar
First ret M gold $35,000,000 guar p A l (en d )-F .o*A r
Morris & Essex extension stock guaranteed 4 % ____
M orristown fit Erie— First M $300,000 g s f red p a r ..
M t Carbon fit Port C RR— Stock (rental guar) tex t___
Mount H ood RR— 1st M $500.000....................................
Munising— First m ortgage gold ______________________
Muscatine North & South— 1st M $1,000,000 au th ._
Syndic notes call 101,bet Oct 1 1913, thereafter par
Muskegon Grand R apids fit Indiana— First M gold.i^e
Mutual Terminal— 1st M gold s t red 10214--G.O*
Vashua & Lowell— Stock 9 % rental 92 years B & M . .
S ash ville C h a tt & S t L o u is — Stock $16,000,OOOauth
First m ortgage (to be paid July 1 1913)_______ c*& r
First M on Fayette and McM brs ($6,000 p m ).c * A r
First mortgage on Lebanon B ranch_____________ c*
First m ortgage on Jasper Branch_____________ Ce.c*
First m ortgage on Centrevllle Branch g old .C e.c*A r
1st M Tracy Cy Br due $20,000 yly ; rem 1917-c*A r
Cons mtge ($20,080,000) $20,000 p m gold — Us.o*
Nashville fit Decatur— Stock guar 7 >4% b y L & N . . .
Nashville Florence & Sheffield— See Louisville & Nash
Nashville Terminal— First m tge gold int rent red 105New m ortgage $3,000,000 authorized------------------- N
STO C K S
M iles Date
Road Bonds
1866
1913
1908
55 1903
102 1878
157 1880
204 1893
1902
. . 1905
57
119
119
119
2
__
1864
1875
1900
340
125
29
43
46
20
803
119
1903
____
'07-' 11
1900
1910
1911
1886
1904
____
____
1873
1877
1877
1883
1883
1887
1888
—
__
1902
1909
38
37
15
Par
Value
Amount
Outstanding
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
500 Ac
50
250 Ac
1,000
1,000
100
1,000
50
1,000
1.000
1,000
1,000
100
100
1,000
1,000
1,000
1.000
1,000
1,000
1.000
25
1,000
D IV S . (Since 1907-08)
11907-08. 1908-09. 1909-10. 1910-11. 1911-13
June 30 years_______ (% ) J
4
5
4
4
4
In 1912 the Southern R y . had acquired $8,246,000 of the $9,472,000
general 4s and $5,670,200 of the $6,020,600 stock. Issuing, $ for $, its col
lateral trust 4 % gold bonds In exchange for the M. & O. general 4s, secured
b y a pledge of the latter and also stock trust certificates for stock, dividends
being payable (A . A O.) at 4 % In perpetuity thereafter.
B ON DS.— 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. In t. on $4,000,000 St. Louis A Cairo 4s Is guaranteed. The 5%
equip, notes dated O ct. 1 '07 are guar, by A m . Car. A F d y. C o,; V . 84, p.996.
H olders o f tho collat. trust 4 % bonds were offerod in exch. tip to June 25
par in a new issue o f M . & O ., St. Louis D iv ., 5% gold bonds (limited to
#3,000,000) to be dated A ug. 1 1913 and secured by a m ortgage on the
St. Louis & Cairo R R ., subject to St. Louis & Cairo 1st M . 4s due Jan. 1931
See V. 96, p. 554, 1022, 1365, 1773 and V. 70, p. 532.
First term. M. and coll, trust 5s of 1911, see V . 92, p. 119.
E A R N IN G S .— 10 m o s.J 1912-13..G ross, $10,121,981; net, $2,694,468
July 1 to April 30. (1 9 1 1 -1 2 ..G ross,
9,300,404; net, 2,443,878
R E P O R T .— R eport for 1911-12 in V . 95, p. 1198 (oper. independently)
Years ending June 30—
1911-12.
1910-11.
1909-10.
T otal operating revenue_____________ $11,207,732 $11,197,347 $10,636,733
2,988,242
2,902,902
Net over taxes_______________________
2,719,059
3,132,782
3,218,430
Net, Including other Incom e_________ 2,949,032
2,580,195
2,604,581
Interest, rentals, A o_________________
2,524,961
Dividends paid______________________ (4)240,824 (4)242,824 (4)242,824
8,335
28,432
Additions and betterm ents__________
10,751
A N D
Rate
%
When
Payable
M
$130,000
5
F
2,750,000
5 g
F
373,000
5 g
J
1.200.000
5 g
A
4,935,000
7
1,494,000
J
6 g
5
.1
1,000,000
40,500
5
J
1,500,000
5
J
15,000,000
7
J
7
5,000,000
M
11,677,000
7
J
17,594,000
3M g J
221,000
4
M
285,000
5 g
M
282,350
5
J
500,000
6
J
160,000
4 g
A
See text
5
425.000
A
6
750,000
J
5 g
3,138.000
J
4 g
800,000 See text M
16,000,000 See text F
J
6.300,000
7
750,000
J
6
J
300,000
6
,T
371,000
6 g
376,000
6 s;
J
„ 160,000
6
J
7,608,000
A
5 g
3.553,750
714 J
1.000,000
N oneJne’ 12
[ V o l . X C V I.
B O N D S
5 g
J
Last Dividend
and Maturity
N May 1 1926
A Feb 1 1963
A Feb 1 1958
.1 Jan 1 1943
C Apr 1 1918
J July 1 1920
J July 1 1913
A J Jan 1 1922
A
J Jan 1 1935
A J July 1 '13,314%
& N May 1 1914
A
D June 1 1915
A D Deo 1 2000
A N May 1 '13, 2 %
A
S Sept 1 1923
A J J u lyl5 '1 3 .2 14%
A
J Jan 1 1927
A
o G et 1 1925
Jan 1 1
A o Oct 1 1914
& J July 1 1926
A J July 1 1924
A N M a y l '13.414%
A
A Feb 3 '1 3 .3 1 4 %
A J July 1 1913
A
.1Jan 1 1917
A
•TJan 1 1917
A
J Jan 1 1923
A J Jan 1 1923
A
J Jan 1914 tol917
O Apr 11928
A
A
J J ulyl013, 3 H %
Dividends are Payable
A
&
A
A
A
A
A
A
J July 1 1932
May 1 1949
i
I
<
i
do
do
do
do
do
do
do
do
do
do
do
do
<
1
1
1
f
Lanier
do
do
do
do
do
do
& Co
do
do
do
do
do
do
X
Mercantile
Tr Co.StLout*
-
Stock, $400,000; par, $100. Bonds, see table a bove. For year 1911-12,
gross, $92,103; net incom e, $39,637; int. on bonds, See., $24,928; bal., sur.,
$14,709. Pres., R . W . M cE w an , 11 B roadw ay, N . Y .— (V . 77, p. 511;
V . 96, p . 1629.)
M O U N T C A R B O N & P O R T C A R B O N R R . — Owns M t. Carbon to Port
Carbon, P a., 2.45 m .; 2d track, 2.39 m .; total track, 15.41 miles. In 1910
re-leased to PVilla. & Reading for 999 years at 5% on stock, taxes and cor
porate expenses. (V . 89, p. 42.)
M O U N T H O O D R R .— H ood River to Dee, O re., 16.4 miles. S tock,
$250,000; par, $100. B onds, see table. Year 1911-12, gross, $68,466; net,
$36,910: in t., taxes, & c., $54,325; bal., d ef., $17,415. . P res., W . H
Eccles, Dee, Ore.; Sec. Sc T reas., H . II. R olapp, Ogden, Utah.
M U S C A T I N E N O R T H & S O U T H R Y . — Muscatine, la ., to Burlington,
55 miles.
This Includes 4.6 miles trackage, the com pany owning a
parallel rlghtot w ayon4m Iles. V . 8 0 .p. 1059. S to c k ,$450,000; p a r,$100.
In June 1910 filed a $1,000,000 mtge. to German Trust Co. of Davenport,
Iow a, as trustee, the $800,000 bonds Issued thereunder and all of the stock
being deposited under the $425,000 3-year 6 % syndicate note Issue (see
table). V. 93, p. 796; V . 90, p. 1677: V . 93. p. 589, 796, 1534.
F or year ending June 30 1912, gross, $86,483; oper. d e f., $17,401:
caused b y severe washouts in M ch . 1912; Int., taxes, & c., $3,508; road not
com pleted until 1912. In 1910-11 (41 m iles), gross, $72,184; net, $1,441;
taxes, $3,842. P ros.& G en . M g r., Charles Howard: Sec., J. A .C o e ; A u d .,
A . H . Kohlham m er. O ffice, M uscatine, la .— (V . 93, p. 589, 1534.)
- M U S K E G O N G R A N D R A P I D S & I N D I A N A R R . — Owns road. Grand
Rapids to Muskegon. M ich., 37 m .; trackage, G. R . Sc Ind at Grand Rapids,
3 miles. Operated b y G . R . & Ind. R R ., which was foreclosed In 1896;
Balance, surplus..................................
$172,496
$362,690
$281,3«1 2£!ls&?.rat,on' net earnings. Stock auth., $350,006; par, $100; issued,
$20,000. Earnings for cal. year 1912, gross, $251,586; net, $65,575; other
—(V . 95, p. 1198, 1403; V . 96. p. 487, 554, 863, 1022, 1365, 1773.)
incom e, $459; Int., taxes, & c., $52,656; betterm ents, $6,539; b al., surp.,
M O B I L E T E R M I N A L & R Y . — See A labam a Tennessee & N orthern R y .
$13,378.— (V . 90, p . 660.)
— (V . 96, p. 1229.)
M U T U A L T E R M I N A L CO . OF B U F F A L O . — Owns 5.22 acres of land
M O H A W K & M A L O N E R R — See N . Y . Central Sc Hudson R iver R R .
with 1,486 feet o f fiontage on the city ship canal, wharves, freight house
and a steel and brick grain elevator, capacity 3.000.000 bushels; also all the
“ M O N O N . ” — See C hicago Indianapolis & Louisville R y .
stock and bonds o f the Mutual Transit C o., owning 12 steamers on the Great
M O N O N G A H E L A R R . — Brownsville, P a ., to Redstone Jet., e tc., 41 m .,
Lakes and the Island R R . Stock, $60,000, all owned by the N . Y . Cent.
connecting with the Pittsburgh A Lake Erie and Pittsburgh Virginia & Sc H . R . R R ., Del. Lack A W est., Lehigh Valley and E ric, which each;
Charleston (Penn. syst. lines). which guarantee the bonds (see B. & O. R R . ) , under agreement of Jan. 2 1905 as amended, guarantee to pay one-fourth
Stock. $1,428,000: par, $100. Penn. R R . and Pittsburgh & Lake Erie each the Interest and sinking fund charges on the honds (the latter $200,000
own $714,000 stock. Penn. R R . on Jan. 1 1913 owned $621,000 o f the yearly). O f the bonds ($5,000,000 total auth.), $444,000 are reserved for
bonds. Cal. year 1912, gross, $1,578,365; net, $883,261; other Incom e, future uses; $1,418,000 In Jan. 1913 retired b y sinking fund. V . 89, p. 779.
$1,867; charges, $277,019; dlvs. ($ % ), $85,680; bal., sur., $522,429.
.« £ £ 1S!?3a,i ycar 1?1 2/gross, $1,392,328; net Income (lncl. $16,726 “ other” ),
M O N T A N A W Y O M I N G & S O U T H E R N R R — Owns from Brldger, M on t.,
$286,958; int., $160,151: bal., sur., $126,807. Pres., Charles M. Heald
on Northern Pacific, to Belfry, and westerly to Bear Creek, about 33 miles, Buffalo, Treas., F . H . Silvernall, 143 L iberty S t., N . Y .— (V . 89, p. 779.)
serving a coal district. S tockoutstanding, $1,000,000. Additional bonds are
N A S H U A fit L O W E L L R R . — Owns double-track road from Lowell, Mass.,
Issuable at $25,000 per mile, as stated In V . 89, p. 470. E qulpt. bonds
Nashua, N . H ., 15 miles. On O ct. 1 1880 leased for 99 years to Boston
June 30 1912, $50,000. For year ending June 30 1912, gross, $175,030; to
&
Lowell. In 1887 lease was transferred to Boston & Maine, which pays
net, $78,882; taxes, $4,224; Interest, $53,165; bal., surp., $21,493. Pres., a rental
o f $73,000 (9 % on stock), and In April 1911 received authority to
F ra n k S . Gannon.— (V . 89, p . 1281.)
purchase stock; In N ov. 1906 to 1912 lncl. 14% extra was paid from accumu
M O N T G O M E R Y & E R I E R Y . — (See M ap Erie R R .)— Owns M ontgomery
lated cash surplus.— (V . 83, p. 970: V . 85, p. 1005.)
to Goshen, N . Y ., 10 miles. Leased In 1872 to Erie R R . Rental now
S H V I L L E C H A T T A N O O G A & ST. L O U I S R Y . — (See M ap.)— Own s
$16,000 per an. Stock, $150,000. D lvs. (414% per an.) paid M a y 10 and . N A Chattanooga,
T enn ., to H ickm an, K y ., 320 m .; branches to Lebanon,
N o v . 10. S. fd ., $6,500 per an. Thero are $40,500 2d M . 5s due O ct. 1 1927. from
A c., 519 m .; leases W estern Sc A tlantic, Chattanooga, T enn., to Atlanta.
M O N T O U R R R . — Owns M on tou r Jet. to N orth Star, P a ., 13 miles.
G a., 137 m „ and Memphis & Paducah Division of the L . & N .. 254 miles.
Extension o f 34 miles under construction from N orth Star to tho M ifflin See V . 71. p. 644, 664, 864. T otal operated July 1 1912, 1,230 miles.
Yards o f Bessemor & Lake Erie R R ., with which a contract for traffic ex
R G A N IZ A T IO N .— -A m ajority ($7,177,600) o f the stock was owned b y
change and a division o f rates has been m ade. T o bo com pleted b y July 1 theO L
ou. Sc Nash., o f which $5,501,500 pledged under Its m tges. W est.
1914. Stock, $1,500,000, owned b y Pittsburgh Coal C o. o f Penn. V . 96,
*
££U>,\leaseT
d *rom State o f Georgia till Dec. 27 1919 at $420,012 yearly.
p. 286, 861. Bonds, $2,750,000 1st 50-year 5s, redeemable at 105 as a
S T O C K .— I ncreased i n 1913 to $16,000,000, $6,000,000 now stock being
whole on and after Feo. 1 1924 or at l0 2)4 for a sinking fund o f $55,000 offered
to stockholders o f record at par, payable 20% M a y 15 and 80%
yearly. Y ea r ending June 30 1912 (13 m iles), gross, $160,418; net incom e,
20 1913 to retire tho $6,300,000 1st 7a due July 1 1913! V 95. p.
$65,757; total deductions, $19,130; b a l., sur., $46,627.— (V . 96, p . 286.)
llZ o , 1054; V. Ub, p. 554.
M O R E H E A D & N O R T H F O R K R R . — Morehead to Redwlne, K y ., 24
D
IV
S.— / '95-’98. ’99-’03. '04. ’05. ’08. '07. '08. '09. *10. *11. *12. 1913.
miles; 6 m . branch. Stock, auth., $500,000; out, $260,600; par, $100. Since 1894)
4 y ’ly
None
4
5
5
6 514 5
6
6 6 )4 3*4
B onds auth ., $500,000; out, $373,000; Clearfield Trust C o ., Clearfield.
BO N D S.— Consol, m tge. of 1888 provided that all prior bonds should be
P a ., trustee; see tablolabovo. For year ending June 30 1912, gross, $83,
291; net, $9,787; int. and taxes, $19,785. Pres., W . B . Tow nsend, T ow n paid oft at m aturity; sufficient of the $20,000 p .m .w ere reserved for them.
Jointly, with L ou. & Nash., guarantees $2,500,000 L . A N . Ter. 4s. See
send, Tenn . Sec. & Treas., John W . W rigley. O ffice, Clearfield, K y .
L . & N .. V . 75. p. 1354: $11,000 Aetna I. M .. M. Sc O. 6s, V . 77, p. 2390.
M O R E L I A & T A C A M B A R O R Y — See issue o f F eb. 19 13 .
E A R N IN G S .— 10 m os.,(1 9 1 2 -1 3 -.G ross, $11,111,544; net, $2,481,877
M O R G A N ’ S L O U I S I A N A & T E X A S R R . & S T E A M S H I P C O ,— See M ap
July 1 to April 30. (1 91 1 -1 2 ..Gross, 10,161,863; net, 2,390.703
of Southern P a cific.)— R O A D .— Owns Algiers to Cheneyvllle, 205 miles;
A N N U A L R E P O R T .— R eport for 1911-12 was in V . 95, p. 1115.
branches, 119 m .; extensions to Port Allen, L a ., & c., 53 m .; trackage to
Years end. June 30—
1912.
1911.
1910.
1909.
Alexandria, A c ., 29 m .; total, 404 m .; SS. lines and ferries, 116 miles.
M ile a g e.....................
1,230
1,230
1,230
1,230
O R G A N IZ A T IO N .— S o. Pac. Co. owns the $15,000,000 stock. Dlv.
Gross
earnings...................
$12,262,675
$12,323,863
$11,637,204
$11,112,114
9106-07, 1 0% ; 1907-08. 2 5 % ; 1908-09, 4 % ; 1909-10, 5 % : 1910-11. 6 % ;
Net earnings..................... 2,883,804
3,043.903
3.199,945
2,771,413
1911-12, 4 % .
Investm ents. A c . - - - - - 71.959
95,427
57,737
16,458
E A R N IN G S .— 10 m o s.J 1912-13------ Gross, $3,930,338: net, $677,588
Hire o f equip..rentals, A c ______301,262
342,521
301.467
261,790
July 1 to April 30. 11911-12____Gross, 4,215,239; not, 1,133,866
Net Incom e____ $3,257,025
$3,481,851 $3,559,149 $3,049,662
In year ending Juno 30 1912, gross, $5,113,697; net, inch other incom e,
Int. on debt and t a x e s ._ $1,234,327 $1,224,391 $1,210,675 $1,191,002
$1,219,613; surplus over charges, $254,136.— (V . 76, p. 548.)
R e n ta ls .................
626.518
626.518
626,518
626.518
M O R G A N T O W N fit K I N G W O O D R R . — See page 13 9.
Dlv. on stock ----- (614)649,002
(6)599,079 (6)599,079
(5)499,232
Additions, ets__________ ___ ______
163.252
M O R R I S & E S S E X R R . — ( See M ap of Delaware Lackawanna A Western.)
79.115
— Owns from H oboken, N . J ., to Phllllpsburg, N. J ., 85 miles; branch, DenBalance, surplus__
$747,178 $1,031,863
$959,625
$653,795
vllle to H oboken, N. J ., 34 miles; leases 38 miles: total oper., 157 miles.
Pres
John
W
.
Thom
as
Jr.;
V
.-P
..
H
.
F
.
Smith;
Chairman
of
Board.
L E A SE D In perpetuity to Delaware Lackawanna & W estern, which
assumes all liabilities and guarantees 7% per annum on stock; 1% extra Is E . C . L e w is — (V . 95, p. I l l , 968, 1115, 1123, 1684; V . 96, p . 554.)
payable In the event of 30% of gross earnings being sufficient to pay all
N ASH VILLE & DECATUR R R .— ( See Map Louisville A Nashville.)—
fixed charges and 10% on outstanding stock.
Owns from Nashville T enn., to Decatur. A la., 119 miles. Re-leased to
B O N D S.— 1st ref. S 14s, V . 71. p. 1167; V . 74, p. 1308. V . 94, p. 560. Lou. A Nash. In 1900 for 999 years, the rental being 7 )4 % on stock. The
E A R N IN G S .— Im portant to D. L . & W . with terminal facilities on N. Y .
Lou. A Nash. July 1 1912 owned $1,979,600 of the stock.— (V . 70, p. 1195.
Harbar. but the earnings show a deficit after payment of rental (Including
N ASH VILLE TE RM IN A L CO.— Owns bridge across the Cumberland
$1,050,000 dividends), viz.: In 1908, $789,564.— (V .82, p.805; V .94, p.560.)
R iver and 18 m. of track. Leased for 99 years from May 1 1902 to Tenn.
M O R R I S T O W N & E R I E R R . — Owns M orristown, N . J ., to W hippany,
Cent. R R which owns entire $1,000,000 stock. In Dec. 1909 filed a mtge.
4 m .; b r., 9 K m . In June 1913 plans were reported as un derw ay for co n
to secure $3,000,000 bonds; $1,000,000 reserved to retire $1,000,000 first
solidation with the N ew Jersey & Pennsylvania R R . V . 96, p . 1629.
6s of 1902. None sold to Feb. 1912. V . 89, p. 1668.— (V . 89. p. 1668.)
84
R A IL W A Y
R A IL R O A D C O M P A N IE S
[For abbreviations. & c., see notes on first page]
STO C K S
M iles Date
Road Bonds
National R ys o f M exico— Com stock $75,000,000 U S g
First pref stock $30,000,000 4 % n-c (p & d ) ----2d pref stock $125,000,000 5 % n-c (p & d ) ______
Prior lien M U S g red 105beg’ 17 (seetext) Ce.xc*& r*
Gen m tge U S gold redeem par (text) g u a r-.N .x o*
Nat R R of Mex prior lien mtge gold call 105-U n.c* 1,284
First cons M $60,000,000 gold (see t e x t )------ Ce.c* 1,534
M exican Central— Priority bonds gold red at 1 1 0 ..
Flrst cons lno & scrip n-cum ($9,600 p m) g .A B .c * 3.407
2d.co ns lno($6.400 p m)red 5 0% to July '29-A B .c* 3.407
Car and loeom otlve rental n otes_______ _____ —
E quipm ent 5s $50,000 redeemable yearly at p a r.
d o ($50,000 yrly par( red 102 Vi beg ’ lO -.O B .c*
615
M ex In t prior lien £1,200,000 red at p a r_.U n .xc*& r
800
First cons M $16,000,000 g not g u a r .-M p .x c ’ &r
866
do g guar stamp subj to call at 95 to Mch 1907. .
Nat R ys 2-year secured gold notes red par..........Cex
L o a n _____________________________________________
N augatuck— See New Y ork New H aven & Hartford
Nebraska Kansas & Southern— 1st M $4,500,000 gold
204
Nevada-California-Oregon— First m tge $1,500,000 g .
94
Nevada Central— 1st M gold non-cum Inc (sink fd) _Ce
Nevada Copper Belt R R —First M $1,000,000 g o l d . . .
New E ngland— Also New Haven & N ortham pton— Se e New
12
New Jersey Indiana & Illinois— First M $250,000 gold
5
New Jersey Junction— 1st M guar $ 4 ,0 0 0 ,0 0 0 .-G .o& r
25
New Jersey & Pennsylvania— 1st M $200,000 red 105
121
New London Northern— S t o c k ....... ............................
121
First m ortg a g e................................................. Ba.o*&r*
35
W est R iver first m ortgage guaranteed prln and ln t.
117
New M exico Cen— S Fe Cen 1st M $2,500,000 g .P P i.c*
New M exico R v & Coal— See El Paso & Northeastern Co
241
New Orleans Great Northern— First M gold C K .o &r
E quip trust ser A (due s-a $25,000 to A u g 1917) - - N
New Orl Mobile & Chic— Com stock $2 5 , 0 0 0 per m ile.
•Pref (p & d) stock 6 % n-o $5,000,000 ($5,000 p m ).
404
First m ortgage $35,000,000 ($30,000 per m ile)-------196
New Orleans & North Eastern— Stock $ 6 ,0 0 0 ,0 0 0 ....
196
Prior Hen m ortgage g old ----------------------------------C e.o’
196
General m ortgage $8,000,000 g old ............... - - - F .o *
196
Incom e m ortgage (non-cum ) $1,500,000 gold — N.r
1907
1907
1901
1901
1889
1889
1889
1897
1899
1897
1897
1897
1913
1911
Am ount
Outstanding
P ar
Value
Rate
%
500 &o
200.000
6 g
1908
1,000
5 g
896.000
1899
1,000
750.000
5 g
1888
500 &c
622.000
6 g
1909
Y ork New Hav en & H artf ord
1,000
5 g
250.000
1904
1,000
4
1.700.000
1886
1,000
5
200.000
1907
100
9
1.500.000
1.500.000
4 g
1916 1,000 &c
75,000
4
1905
$1,000 $2,500,000
5 g
1901
1905 1,000 &o
1,000
100
100
1,000
1910
100
____
1,000
1885
1,000
1902
1,000
1902
Controlled— Securities Owned. M iles
Standard Gauge— Owned.
M iles.
"Laredo to City of M exico______ 802 Texas Mexican R y .................. 162
Leased—
„
M exico City to Juarez C ity____ 1,224
35
M exico to R io Balsas--------------- 182 M cx .U n .R y ., Coahulla Coal R y .
Clntura, & c., lines (3-raIl track)
6
Total standard gauge...............5.915
Chicalote to T a m p ico...............
406
Narrow Gauge— Owned.
T am pico to Monterey and Gomez
P a la c lo ........................................ 548 City o f M exico to A cam baro,& c. 173
Pledras Negras to Sauceda____ 238 Peralvlllo to B eristaln................ - 102
M atam oras to Durango------------ 171 Other branches________________ 108
Leased—
._
Branch— Irapuato to A m eca___ 217
’ ’ Guadalajara to Manzanillo 221 MIchoacan & Pacific R y ---------- ----- °7
San Juan Jet. to Jaral-------------50
Total lncl. In earnings-------- .6,167
41
Vanegas to Matehuala_________
Controlled— Earnings separate
R in con to P ozos_______________
37
Monterey to M atamoras______ 206 Interoc. R y . and M ex. S o u ._-1.056
"Gonzales to A cam baro_________
53 Pan-American R R ....................... 284
96 Vera Cruz & Isthm us---------------- 328
Jim enez to R o sa rio .___________
Other branches, & c___________ 1,083
Bar extension at T a m p ico --------------- 6 Grand t o t .(1.439 m .3 -ft. gauge) 7,835
In Sept. 1911 extensions were under com stm ctlon. Including one ftom
D urango southeast to Canltas on tho main lino o f the E l Paso route,
173 miles; Durango southwest to Llano Grande, o p e n in g u p p in e tim ber,
62 miles (now com pleted), and Penjam o s o u t h t o U r a a p a n b r a n c h ,8 5
m iles, & c. A line from Allondo to Las Vacas, on the R io Grande, 73 miles.
Is proposed, o f which fifty miles to Hacienda o f San Carlos Is to be built.
A lso, under contract with the Governm ent o f M arch 2 1912, plans to
build coast lino from M atam oras to San Franc sco, 902 kilometers, or
560 mUes tho first 1 0 0 kilos within tw o years and 1 0 0 kilos each succeeding
year. Lines aggregating 289 miles which parallel other lines aro being
abandoned to save expenses. V . 96. p. 72.
O R G A N IZ A T IO N .— Organized March 28 1908 under special A ct of Con
gress o f M exico, per plan In V . 8 6 . p. 918, 982. The properties of N at. R R .
o f M exico, M ex. Central and Mex. International were acquired b y deeds;
V 8 8 D. 452; V . 89, p. 1601; V . 90, p. 1554. In A ug. 1910 acquired all the
stock o? the Vera Cruz & Isthmus and $9,991,700 of the SJW^O.OOO stock
o f the Pan-American R R . V . 91, p. 589; V . 9 3 , p. 1474. A pplication to
list, describing properties, new securities, & c., V . 8 8 , p. 1318.
The Mexican Government owns $115,049,400 of thei $ M 0 ,000,000 autn
orized stock, v iz .; $10,000,000 first preferred. $3 0 , p 8 .3 TO s e c o n d p r o f e ^ d
and $74,778,000 com m on stock, and guarantees the principal and interest
o f the new general mtge. bonds. V . 87, p. 1533.
D IV ID E N D S .— First p ref., 1908, 1 % ; 1909. 2 % ; 1910 to Feb. 1913, 4 % .
Bonds Im mediately Issuable.
Tne amounts of new bonds and pref. shares which the New York Stook
Exchange has agreed to list as soon as Issued (V . 8 8 , p . 1318) are as follows:
(The amounts actually listed are shown in table at top o f page.]
Prior Lien 4 H % Bonds ($225,000,000 authorized)—
Issuable In part exch. for M ex.Cent.bonds. a b t.$ 7 0 ,294,962
F or cash, refunding notes, M ex . G o v t, gu ar.,& c.23,200,000
,
Betterm ents, equip., retiring equip. obltg., &c 13,005,0 00-$106,499.962
The remainder of the auth. Issue of $225,000,000 Is reserved as follows:
<1) $23,000,000 to retire $23,000,000 National R R . of M exico prior lien
4 H s; (2) $90,324,807 (o f which $5,175,193 Lssuod) for extensions, & c.,
T h e right is reserved to issue $6,000,000 additional bonds to take up
£ 1 , 2 0 0 , 0 0 0 prior lien bonds o f the M ex . Internat. R R . C o .
S ubject to call after Jan. 1 1917 at 105 in amounts not loss than $10,000,
000 , or for cu m . sink. fd . sufficient to retire entire issue b y m aturity.
Guaranteed General M ortgage 4% Bonds ($ 1 6 0 ,0 0 0 , 0 0 0 auth.)
Issuable for Mexican Cent, bonds, cash, &o------ $45,315,075
T o Mexican G ovt, on account of guaranty, & o. 2,4o0.000
Betterm ents, equip., retiring equip, oblig., & c. 12.985,925— $60,751,000
The remainder o< the $160,000,000 is reserved as follow s: (1) $24,749,000
t o retire outstanding N at. R R . o f M exico first consol. 4s; (2) $64,978,068
(o f which $5,521,932 Issued) for extensions, im pts., & c. see v . 8b, p.
13?0 919.
T h o right is reserved to issue additional bonds to retire an equal amount
o f the con sol, m tge. bonds o f the M ex . Internat. R R .
The general m tge. bonds will be subject to call at par In amounts not less
than $10,000,000 after April 1 1927; also on and after O ct. 1 1937 for a cum u
lative sinking fund, which is to retire entire Issue not later than 1977.
Of the Mexican International consol. 4s, $2,497,000 were In Jan. 1905
reserved for extensions at $10,000 per mile and im provem ents. The total
issue of consols Is limited to $16,000,000. The guaranty of prln. and lnt.
b y National R R . of M exico under agreement of June 30 1902 stamped on
$6,501,000 of the consols has been assumed b y the National R ys of M exico.
V . 75. p. 185. Prior lien 4 Us. see V . 65, p. 151, 1071. Consol 4s of 1897
listed on N. Y . Stock E xch . Feb. 1898. See appl catlon in V . 66, P. 341.
T h o 6 % 2-year secured gold notes dated June 1 1913 ($29,160,000 auth.
Issue) aro to bo ultimately socured b y the pledge pro rata o f $24,800,000
4 U % prior lien bonds and $17,000,000 gen. M . 4s.
A ny o f the bonds
pledged m ay be sold and tho proceeds used to purchaso or redeem notes.
T h e $26,730,000 present Issue were sold to retire the $10,000,000 4V i%
notes duo June 1 1913 and to pay or acquire the $13,000,000 6 % notos duo
N o v . 15 1913. T he remaining notes m ay be applied (a) to the extent o f
not over $1,700,000 toward the paym ent o f interest duo July 1 1913 on tho
Drior lien bonds and on Oct. 1 1913 on the gen. M . bonds and (0) to the ex
ten t o f $730,000 for int. duo N ov. 15 1913 on $13,000,000 6 % notos, int.
d u e D ec. 1 1913 on notes o f this Issue and lnt. duo Jan. 1914 on prior lion
b on d s. V . 96, p. 1629.
E A R N IN G S .— 1 0 m o s .J 1912-13--G ross, $50,655,397; not. $20,022,697
July 1 to A pr. 30.
\1911-12-_Gross, 52,057,762; net, 21,240,212
[V o l . XCVI
B O N D S
$74,803,466
28.831.000 4 in 1912
120.349,266
4Vi g
$, £ , &c 84,819,315
4 g
$, £ &o 50,747,600
000 4Vi g
500 &c 23.000.
500 &c 24.740.000
4 g
5 g
1.374.000
1,000
3 g
187,600
1,000
3
21,000
1,000
893,838
5g
1,000
200,000
1,000
5 g
300.000
£100 &c
5.850.000
4H g
$500 &o
4 g
705,500
500 &c
6.501.000
4 g
$ £ & C 26.730.000
6 g
$ mks &c 13.000. 000
6
N A T I O N A L R R . OF H A I T I . — ( V . 9 3 , p . 40 8 . )
N A T I O N A L R A I L W A Y S O F C U B A . — V . 95, p. 1403.
N A T I O N A L R A I L W A Y S OF M E X I C O . — (See M a p . ) — Comprises:
A N D
5 g
7.500.000
5
375,000
8,075,300
1,259,500
11.819.000
6,000,000 5 In l i l 2
1.320.000
6 g
6.012.000
4 IS g
1,500,000 Up to4 Vi
When
Payable
F
&
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
A Feb 10 ’ 13, 2 %
City of M exico, L on d , &o
Office, 25 Broad St, N Y
J July 1 1957
C Oct 1 1977
, Oct 1 1926
\ & c Oct 1 1951
r & . July 1 1939
July 10 Jan 10 1939
Jan 10 1939
Office. 25 Broad St. N Y
M exico .L on d on , Paris, &o
Office, 25 B road St, N Y
do
do
London and Boston
N one^iald
,
A pr
Oct
Sept
Sept
Sept
June
M&N 15 N ov
Old Col T r Co, Bos & Lon
do
do
Speyer Brothers, London
Office, 25 Broad St, N Y
do
do
N ew Y o rk , L ondon , & c.
r &
V &
r
&
1 1917
11919
1 1947
1 1977
1 1977
1 1915
151913
July 1
May 1
July 2
June 1
1958
1919
1938
1919
Moran Brothers, N
1 *A% paid July 1911
B oston, Mass
Y
July 1 1934
&
Feb 1 1986
&
June 1 1927
&
July 1913 2 M %
Q—J
J & J July 1 1940
1990
&
Deo 1 1941
&
Mech T r C o.B ayonne.N J
N Y Central & H ud R iver
Corp T r Co, Jersey City
New L ondon Office
Cp M&M B k .N Y ; reg md
New London Office
Pittsburgh Trust Co
A ug 11955
T o A ug 1 1918
Colum b-Knlck T r Co, N Y
N Y Trust Co, o f Buffalo
Jan
Sept
N ov
Jan
July
71 B roadw ay, New York
New Orleans, La
•
Central Trust Co N Y
Farmers’ L & Tr Co, N Y
(If earned) on Deo 1___ -
J
& J
Yearly
A & O
J & J
% gold
1 1960
4 1912 5 %
11915
1 1952
1 1952
For 9'm os. ending M arch 31 1913, gross, $46,598,637; n o t,A V * J w § ’^55’
other incom e (partly ost.), $600,000; taxes, rentals, & c., $9 j 1,000, lnt.
charges, $14,977,837; bal., sur., $3,447,918.
R E P O R T .— R eport for year ending June 30 1912 was in V . 95, P* 1743;
V . 96, p . 67, showing, in MTex. cu r. conv^into^U. S. cur\ at^50c. on^doiiar^
Gross earnings................................
$61,447,791 $61,934,421 $61,483,147
N et e a rn in g s_________________________ 23,012.536 22,655,076 24,7o4,829
Other Incom e_________________________ 1,658,052
944,892
1,227,471
T otal Incom e......................................... $24,671,188 $23,599,908 $25,982,300
Taxes', 'rents; &C: .................
$2,783,155 $3,095,829 $4,583,127
Interest ch a r g e s ------------------19,403,457 17,946,269 18,562.604
141,828
Reserve fun d________________________
124,228
127,893
B a la n c e .............................................
First preferred dividend ( 4 % ) ______
$2,360,348
2,306,632
$2,429,977
2,306,632
$2,694,741
2,306,632
$53,716
$123,345
$388,109
Surplus for year...................................
Chairman of Board. Lie Luis Elguero; Vice-Chairman. Ingo Gabriel
Mancera; Chairman N . Y . Local Board, H . Clay Pierce; Pres., L . N . Brown.
N . Y . office, 25 B road S t.— (V . 96, p . 790, 1298, 1630.)
NEBRASKA KANSAS & SOUTHERN R Y .— Projected Stockton to Gar
den C ity , K a n ., 162 miles, & c.; 15 miles from Garden City' com nloted N o v .
1912. Stock auth., $4,500,000; outstanding Juno 30 1912, $300,000; par,
$100. B onds, see table abovo. Pres., J. O . H opper, Ness C ity , K an.,
T reas., E . J. Williams, S tockton, K an. O ffice, S tockton , K an.
NEVADA-CALIFORN IA-OREGON R Y .— (3-ft. gauge.)— R eno, N ev., to
Lakevlew, Ore., 238 miles. Owns all the stock of the S erra & Mohawk
R y .. Plumas to M ohawk, Cal.. 37 miles, which was acquired Jan. 30 1909 at
foreclosure sale. V . 93, p. 164. Stock, co m ., $1,450,000, p ref.. $750,000.
all out
A fter 5 % on co m ., both stocks share pro rata. DIvs. on pref.
190 6 7 3% ; 1 9 0 7 ,4 % : 1908 to 1910, 5 % each; 1911. 3 % ; Sent. 1912, 2 % .
D lv. on com . stock. l % ,A u g . 1909; 1% A u g. 1910. 1911 and 1912, none.
R eport for 1911-12 was In V . 95. p . 1 2 0 1 , showing: Gross, $386,590; net,
$124,845; other Income, $5,517; Int., taxes, & c., $74,904; d lv . on pref.
( 2 % ), $15,000; bal., suro., $40,457. Pres., D. C. Moran, 08 W illiam S t.,
N . Y .— (V . 93. p . 667, 726; V . 95. p . 750, 818, 1201.)
N EVADA COPPER BELT R R .— Owns W abuska to L udw ig. N ev..
37.8 miles; W abuska to T hom pson, 2.50 m .; total, 40.3 miles. In co rp .In
M aine M ch . 22 1909. Stock auth.. $1,000,000, all Issued. B onds (auth.
issuo $1,000,000), Federal Trust C o ., B oston. M a ss., see table a bov o.
Current liabilities June 30 1912. $257,866. t Pres., W . O . Orem; S ec., F . M .
Orem. Office, 409 New Houso S t.. Salt Lake C ity , Utah.
N EV A D A C O U N T Y N A R R O W G A U G E R R .— C olfa x to N evada C ity .
C al., 2 0 Vi miles. In M a y 1913 control was acquired b y Oakland A ntioch
& Eastern (E lec.) R y . Interests. V . 96, n. 1630. 5*5®* ’ $250,200; p a r o f
shares, $100 each. Divs. paid: In 1882, 5 % ; 1883, 6 % , 1903 to 1905, 5 % .
1 9 0 6 ,1 0 % ; 1909 and 1910, 2 )4 % : 1 9 1 1 . 6 ) 4 % ; 1912, June, 1 ^ % ; A u g ., 2 % ,
Sept., 3 % . B onds, $162,000 1st 7s; int. J. & J. at Wells Fargo N a t. Bank,
San Francisco. Bonds are payablo in annual installments, increasing from
$4 000 in 1920 to $20,000 in 1924. T h e stockholders wore to vote on Juno 17
1 9 1 3 on authorizing S662.000 bonds to standard-gaugo tino road and nrovide for the retirement or the $ 1 6 2 , 0 0 0 outstanding bonils. V..9 6 , p. 1089.
Year ending June 30 1912, gross, $122,071: net, $30,305, ° i ^ 1,J c **J137.
bal., surp.. $5,490. Pres^, G. M. Hughes; V -P .. C. B . Zabrlsltle, Treas.,
B . H . Marsh; S ec., De W itt Van Busklrk, 149 B roadw ay, N . Y .
NEW JERSEY JUNCTION R R .— Termlna! road th
H oboken and W eehawken. about 5 miles.
Lcased for
yearn in
1886 to N . Y . Central, which guarantees bonds and owns $100,000 stock.
NFW JFRSEY & NEW YO RK R R .— Owns from Erie J e t., N. J .. to
G arnervIlle.N . Y .. 29 miles; branches to New City. & o .,5 m .jo n e r a t e s t o
Haverstraw. & c.. 14 m .; total operated. 4 8 miles. Erie R R . in April 1896
purchased control. Stock. $1,440,800 co m .. $787,800 pref., par, $100. Con
trol is with pref. stock and 1st m tge. till 6 % has been paid on pref. tor three
The $400,000 6 % bonds maturing May 1 1910 were extended 30
90, p . 914. Y ear 11911-12.
gross, $805,005, net Incom e,
years at 6 % . V . 90.
9 1 1 - 1 2 . gross
b a l., sur., $6,077.
8283,892; in t., taxes, & c.. $250,137; im p ts., $27.
— (V . 90. p . 914.)
,
m p w IFR SFY & PFNNSYI VAN IA R R .— W hltehouse to Morristown.
N. J ., 25 mUes: extension of 1 mile to heart of
M arch 8 1910 receiver was discharged, but in Jan. 1913 Frederick V . P itney
o f M orristown, N . J ., was again appointed receiver. V . 96, p. 63; V . 90.
n 7 7 2 In Juno 1913 nlans it was reported, were under way for consoli
dation with tho M orristown & Erio R R . V . 96,
^^Sjt^A^O.OOO;
bonds auth., $200,000. For year end. D e c. 3 l l 911s' 8 ross, $45,139, not,
after taxes, $14,077; bond in t.. $10,000; baL . su r., $4.077. Pros., Chas.
N . Flint; Sec. and Treas., Louis E . Spenco?, 63 w a ll St., N . Y .— (V . 9 6 ,
p . 63, 1630.)
^
^
NEW LONDON NORTHERN R R .— Owns from New L ondon . C onn.,
via Brattleboro, V t., to South Londonderry, V t „ 168 miles.
L E A SE D for 99 years from Deo. 1 1891 to Central Verm ont. The rental
Is $213,552 per annum, which leaves a small surplus after providing for In
terest, *8 0 ., and 9 % dividends. Taxes and Improvements m et b y lessee.
In July 1910 Issued $1,500,000 4s to refund bonds due
V . 90. p. 1677.
D IV ID E N D S .— 1888 to A orll 1892. 7 % yearly, then 8 % yearly to 1893.
and since to July 1913. inch, 2 )4 % quar (9 % per an .)— (V . 00. p. 1677.)
NFW MFXICO CENTRAL R R .— Owns from Santa Fe, N. M .. south to
Torrance, 117 m .; opened Jan. 1 1905. Name changed from Santa Fe
Central R y . In A ug. 1908. On Jan. 10 1910 C. C. Murphy o f Pittsburgh was
86
R A IL W A Y STO C K S A N D B O N D S
R A IL R O A D C O M P A N IE S
lF o r a b b r e v ia tio n s , & c ., s e e n o te s o n fir s t p a g e]
O rlea n s & N o rth E astern (Con,)
.Engine n o t e s ............................... ...... ...........................
O r l e a n s T e r m — 1st M $15,000,000 g gu . .Q .c ’ &r
O r l e a n s T e x a s & M e x i c o — See St Louis Sc San Fr
p o r t & R l c h f o r d — 1st M $350,000 g gu C&P.SB cx
Y o r k B a y — First m ortgage $6,000,000 g o ld . Q P
B k l y n & M a n h a t t a n B e a c h — Pref stock non -cu m .
First cons m tge (now 1st M) gold guar by L 1 Ce c*
N Y Cent & Hud River— Stock ($250,000,000 auth) _Tr
R om e W at & Ogdensb consol M ($500,000 3 M s)F .c
Consol m ortgage_______ __
p
Oswego Bridge Co first m o r t g a g e .I I H I I " I
tjSyracuse Phoenix Sc Oswego first m ortg a g e..T .B a
* Mont 1st M gold $360,000 ($10,000 p m) _.N
R W & Ogd Term R R first M gold assum ed____..c *
Oswego & R om e 1st M 7s ($350,000) and 2d M 5s gu
U & B R 1st M $2,000,000 gold guar p Sc l -.C e .c
•New York & Northern first m ortgage g o ld ______ c
N Y & Put cons $6,200,000 g gu p & i (e n d )..U n .c *
M o h & Mai 1st M $15,000 p m g gu p&i (en d )C K .c*
Consolidated m tge $10,000,000 g o ld ____ Q.c*& r
Carth & A dir 1st M $1,600,000 g gu ar____U n.c*& r
Carth Water & Sack lia r 1st M g g u p & i (en d )___
G ouvem eur & Oswegatchie 1st M g gu p & i - .U n . c
N ew Y ork & Ottawa first m tge $2,500,000 g o ld . _Q
N Y Central & Hudson River Issues—
R efunding m ortgage $100,000,000 gold ____ C e.c*& i
Coll trust g Lake Shore s t o c k _______________Q.c*& r
d o do Michigan Cent s tock ___________________ O
M tge on Spuyten D Sc P M $20,000,000 gold ____Ce
Debentures (V 69, p 1102; V 71. p 502. 96_4).
Debentures $50,000,000 g o l d ...................... U s.c’ &r
D eb bonds $50.000,000(IIarlem purch,& c)G .xc*& r*
N ow 4 % m ortgage $167,102,400__________ c*&r*
R efunding and im provem ent m ortgage see text____
Gold notes $30,000,000 authorized_________________
Gold notes $30,000,000 authorized_________________
M ile s
R oad
D a te
B onds
Rate
%
Par
V a lu e
[ V o l . X C V I.
When
Payable
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
N ew
N ew
N ew
N ew
N ew
N Y
a
______
4 g
1.000 &c
22
14
15
15
A ll'
All
" l7
13
7
28
150
57
57
182
'4 6
29
13
128
1,828
1911
1908
1885
1,000
1.000
Sec
100
1,000
1,
100 225,
1,000 9.
1,000
1874
1874
1885
1885
1886
1,000
1888
1,000
’65-’ 91
1,000
1890
1,000
1887
1,000
1894
1892
1,000
1902 1.000 &c
1892
1,000
1891
1,000
1892
1,000
1905 1.000 &c
1897 1.000 &c
1898 1 .0 0 0 Sec
1898 1.000 &c
1909 1.000 &c
1 bond
1900
1904 1.000 &c
1912 1.000 &c
1913
1913
1911
1912
750,000
.950,000
,200,000
,987,000
,500,000
,900,000
,100,000
300.000
300.000
1.456.000
5 g
4 g
5
5 g
5 In 1912
5 & 3X
4
6
6
5 g
5 g
5 g Sc 7
4 g
5 g
4 g
4 g
3X g
4 g
5 g
5 g
4 g
94.000. 000
3X g
90,578,400
3H g
19.336,000
3 Pi g
2.500.000
3K ?
5.500.000
3H g
48.000.
000 4 g
a 9 .188,000
4 g
Seo text
4
See text
30.000.
000 4 H g
20.000.
000 4M g
J
Sc
Apr 22 1914
J July 1 1953
J
Guaranty Trust Co, N Y
Sc J Jan 1 1941
J
& J Jan 1 1948
A & O Apr 1913 2 >4%
A Sc O Oct 1 1935
Q— J July 15 1 9 1 3 1 K
A Sc O July 1 1922
A & O July 1 1922
F Sc A Feb 1 1915
F Sc A Feb 1 1915
A Sc O A p r 1 1916
M Sc N May 1 1918
Various May 1 1915
j
Sc J July 1 1922
A & O Oct 1 1927
A & O Oct 1 1993
M & S Sept 1 1991
M & S M ar 1 2002
J & D D ec 1 1981
J & J July 1 1931
J & D June 1 1942
J & J July 1 1955
Safe Dep Sc Tr C o.B oston
New York Sc Philadelphia
Checks mailed
U S Mtge & Tr Co, N Y
Grand Central Term . N Y
Grand Cent Term inal.NY
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Colum -K nick T r O o.N Y
Grand Cent T erm , N Y
do
do
do
do
do
do
do
do
J
F
do
do
do
do
do
do
New Y ork
Sc
Sc
Sc
J
St
J
Sc
M Sc
J
&
F
M
M
J July 1 1997
A Feb 1 1998
A Feb 1 1998
D June 1 1959
.1 July 1 2000
N May 1 1934
J Jan 1 1942
Feb 1 1998
Sc S Mch 1 1914
& N May 1 1915
do
do
do
do
do
do
•
N Y . Paris and London
T o bo secured b y new $167,102,400 4 % m ortgage ofl91 3 see tex
appointed receiver. Foreclosure begun June 1910 under 1st M. of 1901 and
also under A lbuquerque & Eastern mtge. V. 90, p. 168, 1554, 1677: V. 92,
PH.&y 1*^9 llled a m tge. to secure $2,000,000 bonds on Hagan
coal Qelds. Stock. $2,500,000. all outstanding. For year ending June 30
3101,127; net, $12,290; other incom e, $143; Int., taxes, & c.,
*14.081: b a l.. ef; $2,352. Pres., Harrison N esblt, Pittsburgh, P a .; V .-P .,
W . 8 . Hopewell; T reas., Charles C . M u rray; S ec., Francis J. T orrance.
O ffice, Santa Fe, N . M .— (V . 92, p . 1109.)
N E W O R L E A N S G R E A T N O R T H E R N R R . — Owns New Orleans, L a.,
to Jackson, Miss., 182 miles, with branches, R io, L a ., to Tylertow n, Miss.,
41 m .; Slidell, L a., to Folsom , L a., & c., 62 m ., m aking a total of 285 miles
operated, Incl. 29 m. trackage from New Orleans to Slidell, La., and other
trackage, 13 m . S tock, $7,500,000. 1st M ., $10,000,000. V . 81, p. 841.
Plain bonds, debentures and notes June 30 1912, $500,000.
E A R N IN G S .— 10 m o s .,(1912-13........... Gross, $1,463,311; net, $574,953
July 1 to April 30.
11911-12______ Gross. 1,344,310; net, 428,437
- . I£?P°£Lfor Year ending Juno 30 1912 in V. 95, p. 1605, showed, gross,
$1,635,283; net, $549,455; other Incomo, $5,633; int. on bonds, $421,687;
taxes, $21,423; other charges, $87,615; disc, on securities, $19,104; bal.,
sur., $5,259.
O FF IC E R S .— Pres., H . L. Miller; 1st V .-P .. M. E . Olmstead; 2d V .-P .,
9 - I. James; Sec. and Treas., F. A . Lehr; Gen. M gr., R . H . H ow ard.—
(V . 92, p. 183, 1436; V . 94, p. 691; V . 95, p. 1605.)
N E W O R L E A N S M O B I L E & C H I C A G O R R . — O perates5 47 m iles, v iz .
M obile, A la., to M iddleton, T e n n .369 IDecatur Jet. to Decatur, M i s s .. 1
Beaum ont, Miss., to H attiesburg. 27 Trackage Laurel, M iss., to N ew
EUIsvllle Jet. to Elllsvllle, M is s.. 7| Orleans, L a ................................... 143
O R G A N IZ A T IO N .— Successor Dec. 1 1909 per plan V . 85, p. 1577; V . 87.
P- 1664, to Mobile Jackson Sc Kan City and Gulf Sc Chicago, foreclosed.
The St. Louis & San Fran, and Loulsv. Sc N ashv. late Inl911acqulred a
join t controlling Interest In the stock. A trackage agreement has been
made with the New Orleans Sc Northeastern R y . from Laurel, Miss., to a
connection with St. Louis & San Fran, terminals at N ew Orleans, 143 miles,
affording the St. L . & S. F. a through lino from Chicago and Kansas C ity
via the N . O. M o b . & C hicago into New Orleans. A n extension Is also pro
posed northerly to Lexington, T en n ., with traffic or trackage arrangements
to Paducah. Tenn. V. 93. p. 1464; V . 94, p. 351; V . 96, p. 132.
Protective Committee.— In view pf the appointm ent o f receivers for St.
Louis & San Francisco, deposits were in June 1913 asked o f “ first and re
fun din g" bonds, with a com m ittee (John W . Flatten, Chairman; V . EhrIchor, 55 Cedar S t., Secretary; U. S. M tge. Sc T r. C o ., depositary).
V . 96, p. 1630.
There are also outstanding $33,000 old M obile Jackson Sc K . C. 1st 50-year
old 5s, due June 1946: Int. J. & D .; Central Trust C o., N. Y .. trustee.
if the 1st 5s of 1910, $230,000, and of the pref. stock, $740,500, In addition
to the amounts shown as outstanding a bove, were In the treasury In Feb.
1913. See V . 94, p , 351; V . 93, p. 871; V . 94, p. 488. MIso. car trusts
June 30 1912, $226,000.
E A R N IN G S .— 10 m o s .,/ 1912-13........... Gross, $2,112,299; net, $639,595
A,?rU 30*
U 911-12----------Gross, 1,623,801; net. 517,189
R E P O R T .— R eport for year ending Juno 30 1912, in V . 96, p . 132,
showed (452 aver, miles): Gross revenue, $2,002,728; not, $630,260; in t.,
t a ^ & c., $780,71 3: bal d ef $150 453. In 1910-11, gross, $1,826,135.
O F F IC E R S .— Pres., VV. 1 . Owen. 71 B roadway, N . Y .; Treas., Geo. W .
Orary, Mobile, A la.; Sec
H F. R icker. Directors: B . L. W lnchell,
M ilton II. Smith, B enj. F. Y oaku m , Henry W alters, W . I<\ Owen. B . L.
W lnchell. W . L . M apother, C . W . H illard, J. H . Ellis, L . S. Berg G . R
Sheldon and C . K . Beekman.— (V . 94, p. 488; V . 96, p. 132, 1630.)
N E W O R L E A N S & N O R T H E A S T E R N R R . — New Orleans. L a., to
Meridian, Miss., 196 miles. S tock, $6,000,000 (par $100), of which
$5,328,700 and $5,295,000 gen. 4 H s and $1,500,000 Incomes were held In
Jan. 1913 by A la. N ew Orleans Texas & Pacific Jet. R y . (V . 74, p. 681.)
-.r D I.V m E N D S .—
( % ) ( ’03. ’04. ’05. ’06. ’07. ’08. ’09. ’ 10. ’ l l . ’ 12.
Yearly (Septem ber)..............\ 3
3
3K 5
6
4
5
6 H 6M 5
O f the gen. 43^8, $1,372,000 are reserved to retire tho remaining prior lien
bonds and $616,000 for future needs.
E A R N IN G S .— 10 m os., (1912-13........... Gross, $3,085,110; net, $730,206
July 1 to April 30.
\1911-12______ Gtoss, 3,147,765; net, 852,444
R E P O R T for 1911-12 In V. 95. p. 1399.
Year end. June 30. Gross.
Net.
Other Inc. Int.. &c. Balance.
1911-12............... -$3,765,754
$878,235
$148,578
$655,429 $371,3,84
1910-11............... 3,527,931
1,008.959
108,364
586.332
530,891
;™rElu? PaM a ‘ v - ot 5% ($300,000> In 1911-12, agst. 6 M % ($390,
000) In 1910-11.— (V . 95, p. 750. 1399.)
N E W O R L E A N S T E R M I N A L CO . — Owns extensive terminal property
at New Orleans and a belt railroad around the city, leased to the St. Louis Sc
San Francisco and Southern R y . for 99 yrs. from July 1 1903, rental covering
all expenses of operations, maintenance, taxes and interest. Southern R y .
and St Louis & San Francisco each own halt of the $2,000,000 outstanding
($5,000,000 auth.), and Jointly guarantee the bonds. V. 86, n. 721;
V . 88, p. 564: V. 92, p. 660. Pres., A. D. Llghtner.— (V . 94, p. 983.)
N E W P O R T & R 1 C H F O R D R R . — Owns from N ewport, V t., to Canadian
line near No. I r o y , 22 miles. Leased for 99 years from June 8 1881 to
“ A t,a ntic R y ., |n turn operated b y Canadian Pacillc R y .; rental
$18,000 a year. Stock, S350.000, m ostly owned by Connecticut Sc Pas2
, 1vers R R . (B oston & Maine system ), which guarantees the new
$350,000 1st 5s, principal and Interest. V. 91. p. 1026.— (V. 91, p. 1026.)
_ .tyEVV Y O R K B A Y R R . — Owns from Kearney Junction, N . J . , to a point
4,184 feet east of VVaverly Station, near Newark, and from a point 4.037
feet east of VVaverly Station to the bulkhead line at Greenville piers,on New
York B ay.1 0 .9 8 mlies, with 3 branches. 2.58 miles; total. 13.56 miles.
s J°ck. $6,000,000, all owned b y Penn. R R ., with Deo. 31 1912, $3,000,000
o f the bonds.— (V . 86, p. 920, 982.)
N E W Y O R K B R O O K L Y N & M A N H A T T A N B E A C H R Y . — Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island), and branches
£ o o -ay TtIGgre and Greenpolnt, 15 miles. Leased for 99 years from O ct. 1
188o to the Long Island R R . C o., which owns m ajority of stock. Rental.
S
Interest on bonds and 5 % on pref. stock. Comm on stock, $350,000.
T * . bas attached to the bonds Its unconditional guaranty of principal
and Interest In addition to facts as to lease.— (V . 83, p. 1348).
N E W Y O R K C E N T . & H U D . R I V E R R R . — (See M a p s . p p . 96, 97.)
Lines Owned—
M iles
C o n tr o lle d — O p e r a te d S e p a r a t e l y —
New York to B uffalo................... 434 Lake Shore & Mich. S outhern*. 1,775
B ra n ch e s______________________ 1,510 Michigan C entral*......................... 1,817
Lines Leased ( ’ See this co.)
Lake E. Alliance & W h e e lin g ..
88
4 7 9 N. Y. Chic.
W est S h ore*..... ......................
St. Louis R R . * . . 523
T roy & Greenbush*....................
6 Lake Erie
W estern *........... 1
New Y ork Sc H arlem *................ 136 Northern O h io * ...........................f 886
New Jersey Ju n ction *................
5 "B ig Four” S ystem *...................2,364
Boston & A lb a n y *....................... 3 9 3 Chicago Indiana
Southern* . . 359
New York & O ttaw a *________
126 Cincinnati N o rth e rn * ................. 245
Geneva Corning & S outhern*. . 232 Dunkirk All. Val.
P i t t s .* .. .
91
Beech Creek R R .* ....................... 165 Pitts.
Lake Erie S ystem *___ 215
Beech Creek Extension R R .,
Chicago Kalam azoo & Saginaw
45
e t c . * ............................................. i 3 i Detroit
C harlevoix..................
5
Wallklll V a l l e y . ..........................
3 3 Indiana Ilarb. Belt (V.93.P.164)
105
Operated Under Contract—
Terminal R y . of B uffalo*.................... 11 T otal 1913, less 228 m. duplicated
St. Lawrence & A dirondack*
56 (338 miles 4 -tra ck e d )------------- 12,935
4
D olgeville & Salisbury_________
T r a c k a g e ....................
272
Sc
Sc
Sc
Sc
Sc
Sc
Total In earnings.......................3.750
In March 1910 the Lake Shore & Michigan Southern acquired the greater
part of the Toledo & Ohio Central stock and all the stock and bonds of the
Zanesville
W estern and. Jointly with the Chesapeake & Ohio, a m ajority
of the Kanawha
Michigan stock. V. 90, p. 771.
In Feb. 1913 merged 379 miles o f controlled and leased lines in N . Y .
State, including N ew Y ork & Putnam , M ohaw k & M alone, N ow Y ork &
Ottawa, & c., and in April 1913 639 miles o f additional lines in N . Y . State,
i ? c,1,udJn5 . B om ? W atertown & Ogdensburg, Utica & B lack R iver. Little
F a l ls * Dolgeville, &e. V. 96, p. 554. 653, 863, 1089, 1157.
In May 1912 was authorized by P .S .C o m m .to sell to N .Y .N .I I .& H .r e
maining interest in m ajority holdings of Rutland R R . prof., but suit Is
pending to restrain sale. V. 92, p. 527; V . 94. p. 1317; V. 95, p. 1608.
In Dec. 1911 the holders of the $10,000,000 stock of the N. Y.
Harlem
R R . (leased— see that co.) were offered $175 a share In cash for each of their
$50 shares and also the further right to subscribe with the proceeds at 92
and Int. for the $35,000,000 4 % 30-year debentures of 1912, issuable to
finance the purchase; $6,148,350 acquired. V .94, p. 208, 1696; V.96.P.1424.
Sc
Sc
Sc
S T O C K .— Div£. on stock reg. in London are payable at 49 54d. to tho $.
V . 89, p. 1223, 1411, 1542, 1668; V. 90, p. 705. In April 1913 outstanding
stock was increased from $222,729,300 to $225,581,000, toacqu lro minority
stocks o f R om e W atertown & Ogdensburg and other lines per plan V. 96.
p. 863, 1298.
D IV ’NDS. 11896-99. 1900-06.’07. ’08. ’09. ’ 10. ’ l l . *12.
1913.
Since 1 8 9 4 .% J4 yearly. 5 yearly. 6 514 5 5 H 5 \4 5 I X , l J i . l K . —
N E W B O N D S — PROPOSED C O N S O L ID A T IO N .— Preparatory to tho
absorption o f tho Lake Shore & M ich . So. and other subsidiaries west o f
B uffalo, tho stockholders on June 16 1913 approved tho making o f tw o m ort
gages per plan V. 96, p. 1424, (a) tho first covering tho present property
(as enlarged in 1913 b y merger o f leased lines) and limited to $167,102,400
4s, duo Feb. 1 1998, boing the aggregate o f $109,914,400 “ Collateral 3 X s ”
(secured, respectively, b y Lake Shore & M ich. Southern and Michigan
Central shares) and the debenture 4s o f 1904 ($48,000,000) and d e
bentures o f 1912 ($9,188,000), for which the now bonds are issuable
only In exchange. (6) A “ Refunding & Im provem ent M ortgago” to have
a lien on the property covered by tho now 4 % m ortgago next following the
same and on such further properties as the directors m ay decldo, to provide
for additions and improvem ents, for funding note issuos and general re
funding. I f at any tim e the aggregate am ount o f bonds secured b y the
R ef. & Im pt. mortgage shall be $500,000,000, no furthor bonds shall be
issued thereunder except for refunding or for not over 80% o f tho cost
o f work done or property acquired and subjected to its lion, nor (except for
refunding) unless such further issue shall have been authorized b y a m ajority
v o te o f the stockholders represented at a meeting.
It is proposed to offer to holders o f tho 3 X % Lako Shoro “ collatera
bonds” who shall consent to tho proposed consolidation o f tho Lako Shore
& M ich. Southern R y. with tho N ew York Central (tho consout o f 75% in
amount being requisite), and as a consideration for such consent, tho privi
lege after such consolidation shall have been consum m ated o f exchanging
their bonds, par for par, for 4 % bonds to bo issued under tho now $167,
102,400 mortgago.
All bonds issued under said $167,102,400 m ortgago and equally therewith
so many o f the N . Y . Central debentures o f 1904 and 1912 (now aggregating
$57,188,000) as shall remain unexchanged for the now 4s will have a direct
lien on the present N . Y . Central, subject, how over, to tho prior lion o f said
com pany’s first mortgago o f 1897 (tho lien o f that m ortgage having been
oxtonded to include the former leased lines merged early in 1913), and sub
ject also to tho prior lien o f any o f tho Lako Shore coll. 3 X s that shall re
main unexchanged and Michigan Central coll. 3 X s . Furthermore, after
merger or tho Lako Shoro road, tho new 4s issued in oxchango for tho Lako
Shore collateral 3}^s will be mado a direct m ortgago on tho railroad now
owned b y the Lake Shore, but subject to tho prior lion o f tho $50,000,000
Lake Shore 1st M . and tho $100,000,000 Lako Shoro debentures and also
to the prior lien o f any Lako Shore collateral 3 y$s that aro unoxchanged.
O L D B O N D S .— First mortgage is for $100,000,000. A supplemental
mortgage maele in 1913 oxtenued tho lien o f tho m ortgago over tho 1,019
(R om e W atertown & Ogdensburg, & c.) merged in 1913. V.77.
P - 452; V . 86, p. 1043, 1101; V. 88. p. 506; V. 94, p. 208; V. 96, p. 1424
Collateral trust 3 X s of 1898 are secured by deposit of stock of the Lake
Shore & Michigan Southern and Michigan Central R R s. at the rate of $100
o f L. S
M. S. stock for each $200 of bonds and $100 ot Mich. Cent, stock
for each $115 of bonds outstanding. As to proposition to give these bonds a
direct hen, seo “ N ew B on d s". V. 96, p. 1424; V. 66, p. 288, 336, 760, 811.
Sc
June, 1913. j
M iles Date
Road Bonds
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
N ew Y o r k C e n tra l & H u d son R iv er (Con.)
One-year notes___________________________________
______________________________
do
do
E quip tr (B & A ) $7,500,000 duo yly t e x t .a .c * & r
New York Central Lines—
„
____
„ . .
Joint eq tr g $2,000,000 an(V 8 6 ,p 800,920) .G .c*& r
do
d o $ 2 ,0 0 0 , 0 0 0 an (V 90. p 9 1 4 ).- . ( l . o * &r
d o d o due $1,000,000 yearly.................a .o*& r
d o d o due $836,000 yearly................... Q .c*& r
New York Chicago & St Louis— Comm on s t o c k ...
Second preferred stock (5% n on -cu m )--------------First preferred (5% non-cum ulatlve)------------------First m tge gold sinking fund not draw n— Ce.o*&r
Debenture bonds $10,000,000 gold ----------G.xo*&r*
N Y & Greenwood Lake— Prior lien M gu p & l.N .g xo*
New York & Harlem— Common 14% . 10% guaranteed
•Preferred stock 1 4 % . 10% g u a r a n te e d ....................
•R efunding mtge (now first) $12,000,000 g .-G .o * & r
N Y Lackawanna & W estern— Stock guar 5 % (e n d )..
First m tgo guar b y Del Lack & W estern______ F.o*
Construction m tge guar by D L & W (en d )____ F.o*
Third M Term Im p ($5,000,000) guar p & i (e n d )..F
New York Lake Eric & W estern— See Erie H it
N Y & Long Br— Oen M (now 1st) $2,500,000 g -.C e .o
New York New Haven & Hartford— Stook (see text)
Debentures ($5,000,000 are 4s) non con vert— c&r
Deb (for Cent New Eng) g non-conv (V 78, p 768) -
Debentures (for F II & w ) (V 78, p 2335)------------Debentures (for N Y Ont & W) (V 80. p 2458) .0 * &r
Debentures convertible (see t e x t)_____________ o*&r
Debentures not c o n v e r t ib le .................. - - - - -------Debentures 145,000,000 francs ($29,000,000)----Debentures $39,029,600 gold conv (te x t)--------o*& r
N Y Prov & Boston gen M (now 1st) g assum — c&r
H ousatonlc con M ($3,000,000) g (assumed) . . F c*
N Eng cons (now 1st) M $7,500,000 5s g gU -.B a.o*
N Y & N E Boston Term 1st M $1,500,000. A B .c& r
New Haven & Derby consolidated m ortgage------c»
P rovidence & Springfield 1st M gold assum ed------c*
Par
V a lu e
1907
1910
1912
1913
505 1887
1906
‘ 53 1896
146
146
136 1897
214
214 1880
214 1883
.214 1890
38 1891
62
90
359
" i3
28
2,042,143
Dividends .....................................(5% )11,136.465
Balance, surplus...................................$2,743,372
P a y a b le
A
6
N one
4H g A
1,894,045
1,805,422
1,602,654
1,266,635
(5)11136465 (6)13363758
$4,167,984
Last Dividend
and Maturity
&
O Apr 21 1914
&
O Oct 1913-1927
M ay 15 1914
Nov 1913-1922
Jan 1 1914-25
Jan 1914-1927
Jan 1 1914-28
Mch 1 1913 4%
Sept 2 1913 2 «
Sep 2 1913 2H
Oct 1 1937
May 1 1931
May 1 1946
July 1 1913 5%
Ju'y 1 1913 5%
May 1 2000
July 1 1913 I H
Jan 1 1921
Aug 1 1923
May 1 1923
Places Where Interest and
Dividends are Payable
Now York
Guaranty Trust Co, N Y
do
do
New York and London
Grand Central Term, N Y
do
do
do
do
Union Trust Co, N Y
Grand Central Term, N Y
50 Church St, New York
Grand Central Term, N Y
do
do
do
do
Del Lack & Western.N Y
do
do
do
do
do
do
1,000
Liberty Nat Bank, N Y
2,500,000 4 g & 5 M & S Sept 1 1941
100 180,013,200 See .text Q-- M 30 Jne 30’ 13 1 ^ % Co’s office. New Haven
M & S Mch 1 1947
Lincoln Nat Bank, N Y
& A Feb 1 1914
F
do
do
& O Apr 11954
A
Second Nat Bank, N H
J & J July 1 1955
Lincoln Nat Bank, N Y
J & J Jan 1 1956
Second Nat Bank, N H
M & N May 1 1956
Lincoln Nat Bank, N Y
'97-’01
1,000 10,000,000 3 H & 4
4 g
1,000
1904
5,000,000
1904
500 &c 10,000,000
3H
1.000 15,000,000
4
1905
9.765,450
1906
100 &c
3H
4
1906
15,000,000
1907 500trs&o 27,985,000
4
6 g
1908 $100 &c 38,544,300
1,000
1,000,000
4 g
1892
1,000
2,839,000
5 g
1887
1,000 17,500,000 4 g & 5 g
1895
1,000
4
1889
1,500,000
1,000
575,000
5
1888
1,000
750,000
5 g
1892
$924,914
Pres., W illiam O . Brown; Chairman, Chauncey M . Dopew ; Vice-Presi
dents, Alfred H . Smith, John Carstonseu, Chas. F . D a ly, Ira A . Placo.
W in. K . Vanderbilt J r., James H . Ilustls and A . T . Hardin; T reas., E . L .
Rossiter; S ec., Dw ight W . Pardee. Directors (April 1913), W m . K . Van
derbilt, F. W . Vanderbilt, C . M . Dopow , J. P . M organ J r., W illiam R ocke
feller, William H . Nowman, M arvin Ilugliitt, W m. C . Brown, G eo. F .
Baker, Duorgo S. llow d oin, Jas. Stillman, W .K . Vanderbilt J r.a n d Lowls
Cass Ledyard.— (V . 96, p . 1365, 1424, 1489, 1773.)
NEW YO RK CEN TRAL LINES.— The N. Y . Central Lines equip, trusts
o f 1907 ($30,000,000 total Issue) mature $2,000,000 yearly to N ov. 1922,
and the $30,000,000 4 H % “ equipment trust of 1910” $2,000,000 yearly to
Jan. 1925 and the $15,000,000 4 M % “ equipment trust of 1912,” $1,000,000
yearly from 1913 to 1927. In N ov. 1912 tho join t oquipt. trust o f 1913 for
$24,000,000 was authorized, maturing $1,600,000yearly, o f which $12,540,
000, duo $836,000 yearly, were sold. V. 95, p. 1403, 1608; V . 96, p . 63,
203, 286. T h ey will cover onglnos, passenger cars and freight cars used b y
various linos o f the system , which Jointly and severally agree to pay prin.
and int., tho larger part being for N . Y . Central and Lake Shore.— (V . 95,
p.11403, 1608; V . 96. p . 63. 203. 286. 360. 1089, 1773.)
When
%
5 g
M & N
&o 20,000,000
4H g J & J
&o 24,000,000
& J
&o 14,000,000
4H g J
&c 12,540,000
4H g J & J
100 14,000,000 See text March
100 11,000,000 5 in 1913 M & S
100
5,000,000 5 in 1913 M & s
1,000 18,880,000
A & o
4 g
M & N
1,000 10,000,000
4 g
100 &c
M & N
1,471,600
5 g
50
8,656,050 See text See text
50
1,343,950 See text See text
1,000 &o 12,000,000
3H e M & N
100 10,000,000
5
Q— J
J & J
1,000 12,000,000
6
F
& A
1,000
6,000,000
5
M & N
4
1,000
5,000,000
Gross corporate incom e____________ $40,890,960 $39,364,557 $36,459,120
Rontals o f leased linos.............................$10,055,192 $10,036,832 $10,058,291
Interest on bonds, & c________________ 11,902,154 10,323,809
9,242,868
3,011,634
R a te
1,000
1,000
1,000
1,000
Operating income (aftor taxos)_______ $23,010,367 $23,128,377 $21,012,787
Other Income.......................
17,880,593
16,236,180 15,446,333
Hire of equipment, including interest
A m ount
O u tsta n d in g
$20,000,000
$&£
1913
2,000,000
1913 100,000fr
5,220,000
1912 $l,000& c
T ho 30-year 4 % debentures which to the extent o f $35,000,000 have boon
authorized to bo issued for purchase o f N . Y . & Harlem shares ($10,000,000)
are part o f an Issue lim ited to $50,000,000. T hey aro to be secured under
tho 4 % mortgago o f 1913 ratably with the bonds issued under such
m ortgage and m ay be exchanged within tw elve'years from tho dato o f the
latter for an equal amount of bonds Issued thereunder. The Public Ser
vice Commission In Dec. 1911 gave Its assent to the Issue of not over
$30,000,000 3-year 4 H % notes, If desired (of which $15,000,000 were sold
in M a y 1912), in place o f tho aforesaid debentures. V . 93, p . 1788, 1600;
V . 94, p. 208, 1119, 1250; V . 95, p. 1608; V. 96, p. 1424.
As to debentures o f 1904, soo ‘ ‘consolidation plan ’ above. V . 96, p. 1424;
V . 78. p . 1907, 1962, 2384; V . 79, p. 1335, 2148; V. 8 6 . p. 1043, 1101, M 6 7
V . 78, p. 415, 614; V. 92, p. 726.
„
,
, 0
,
In 1909 made a new mtge. on the Geneva Corning & Southern to secure
an authorized Issue of not exceeding $10,000,000 bonds bearing 4 % Interest
to retire outstanding bonds and for extensions and Improvements, of which
$600,000 authorized to be issued in March 1911; not yet Issued, Dec. 1 9 1 2
V 88, p. 1128: V. 89, p. 287; V . 92, p. 462, 726. Also on the Spuyten
Duyvll & Port Morris, $20,000,000, of which $2,500,000 3 ^ s have been
Issued, m ostly to refund Indebtedness to N. Y . Cent. V . 89, p. 105, 287.
For $30,000,000 3-year 4 'A% notes o f 1911, see V . 92, p . 462, 660, 726,
1109. In April 1913 $20,000,000 1-year 5 % notes were sold to retiro tem
porary loans ($14,000,000 as of D ec. 31 1912), & c. V . 96. p. 1089, 1229.
As to equipment trusts o f 1909 to 1912, seo “ N . Y . Central Linos” boiow .
G U A R A N T IE S .— The com pany guarantees the securities of Its leased
lines to a considerable aggregate— see separate statement for each com pany
In the table of mileage preceding. It also guarantees W estern Transit Co.
3 ^ s for $1,000,000 due Feb. 1923 and $2,500,000 Clearfield Bituminous
Coal Corporation 4 H s. V . 93, p. 45, 164.
-j)
G E N E R A L .— An agreement was m ade In 1911 with N . Y . N . H . & H art
ford for the establishment o f through routes via tho B oston & A lbany R R .,
under which the com panies agreed to co-operate In building up and increas
ing tho business over that line. T h e road will bo operated b y the Now Y ork
Central under the lease as heretofore, but tho N .Y . Central & Hudson R iver
R It. and the N . Y . N . II. & Hartford R R . will sharo equally in tho net pe
cuniary results o f operation. T h e arrangement becam e effective July 1
1911 and Is to continue for 10 years, and thereafter m ay bo terminated by
either party on one year’s notice. Trackage rights have been granted to
tho N . Y . N . H . & Hartford R R . betweon Pittsfield and N orth Adam s and
between Boston and Ashland, South Framingham and N ew ton Highlands,
with tho uso o f station facilities at T rinity Place and H untington A v e ..
B oston. V . 92, p . 1179; V . 93, p. 105, 866; V . 94, p. 834.
In O ct. 1912 made an equipment trust for $7,500,000. under which $5,
220,000 4 H % cortlfs. were Issued, Payablo $348,000 yearly, to provide
equipm ent for the Boston & A lb a n y. T ho N . Y . N . I I . & Hartford provides
one-half o f the m oney to moet the obligation thereunder and will own half
o f tho equipm ent when fully paid. V . 95, p . 1040, 1332,1403.
In 1902-03 control of the Reading Co. was acquired by Balt. & Ohio
and Lake Shore. V. 76, p. 101; V . 78. p. 48.
In April 1913 $20,000,000 1-year 5 % notes w erosold, and in M a y 10,000,
000 francs 1-year notes, interest discounted. V. 96. p. 1089, 1229, 1298.
T ho contem plated eloctrifiod subway improvem ents on tho west side o f
N ow York C ity , for which a tentative agreement was reached in M arch
1913, will entail an oxponso estimated at $50,000,000. V . 96, p. 947.
In July 1912 the Oregon Short Line (Union Pacific Bystem) 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 com pany’s trolley ally, owning or controlling some 634 miles of electric
railway In N. Y . State (com pare V . 87, p. 544; report, V . 96, p. 483; V . 94,
p. 768). In July 1910 an Initial dividend of 1>*% was paid on the N. Y .
State R ys. com . stk. and 1
on Mohawk Val. Co. stock. V . 90, p. 1296.
E A R N IN G S .— 4 tnos.,11913...........Gross, $35,873,958; not. $8,162,317
Jan. 1 to April 30.
\1912______Gross, 32.b59,973; net, 6,209,836
A N N U A L R E P O R T .— Report for year ending D ec. 31 1912 was given at
length in V. 96, p. 712, 723. Seo also editorial, p . 682.
Year ending Dec. 31—
19i 24r,,
1910.
M iles op erated..........................................
3,791..............3,790
3,785
Railroad revenues..................................$109,900,015$103,954,863 $99,908,478
Othor rents and m iscellaneous_______
87
R A IL W A Y STO C K S A N D B O N D S
A
&
Apr 1 1922
Jan 15 1948
Apr 11942
Nov 1 1937
July 1 1945
O Apr 11939
N May 1 1918
J July 1 1922
O
J & J15
A & O
M & N
&
J
J
A
M
J
&
&
&
Paris, London, &c
New Haven Savings Bk
Farmers’ L & Tr Co, N Y
Safe Dep & Tr Co, Boston
Coup, office; reg mailed
New Haven, Conn
Lincoln Nat Bank, N Y
N E W Y O R K C H I C A G O & S T. L O U I S R R . — (.See M a p of New York
Central A Hudson R iver.) — Owns from Buffalo, N. Y ., to Illinois State Line,
except 8 m. leased bet. Dunkirk and Sliver Creek, leaving 494 m .: leases the
proprietary line. Chic. & State Line R R ., 111. State line to Grand Crossing,
10 m .; also leases Dunkirk to Sliver Creek, 8 m .; total, 512 m .; trackage In
Buffalo, N. Y ., XM m ., and Gr. Crossing, Chic., III. (L ake Sh. R R .) , 9 m .
S T O C K .— Lake Shore & Michigan Southern owns $6,240,000 com m on .
$6,275,000 2d preferred and $2,503,000 1st preferred stock. A fter 5 %
dividends on the $14,000,000 com m on stock, all classes of stock share alike,
D IV S. (since 1901)’02 t o ‘0 6 .’07. ’08. ’09. 1910. 1911. 1 9 1 2 .1 9 1 3 .
Second preferred_____ 3 yrly. 4 -----------5% yrly (n ow 2 Vi % s. a .)--------C om m on ....... ................. ................. None-------------3 % yrly Mch
M ch,4
B O N D S.— A m ount sink, fund for first mtge. bonds $100,000 (so long
as the bonds could be bought at or below 102) decreased the am ount out
standing from $20,000,000 to $18,880,000. See mtge. abstract, V . 45, p.
541. The $10,000,000 debenture 4s sold for equipment, & c., will be secured
b y any new mtge. V. 82, p. 693; V . 86, p. 1344; V . 88, p. 1062. On
Feb. 8 1910 made 4 % 5-year equipment agreement. V . 90, p. 772.
E A R N IN G S .— 4 m o s .,fl9 1 3 ..................Gross, $4,044,093; net, $751,121
Jan. 1 to April 30.
\1912.................. Gross, 3,736,603; net, 850,596
R E P O R T .— R eport for 1912 was in V . 96, p. 1291. Principally a freight
line, freight In 1912 contributing $10,279,487 out o f $12,226,237.
Year ending Dec. 31—
1912.
1911.
1910.
Railroad revenues.....................................$12,226,237 $11,258,008 $11,238,877
Operating i n c o m o ...4- ...............................$3,114,139 $2,850,085 $3,038,550
Other Incom e..............................................
219,192
149,834
280,339
Gross corporate incom e_____________ $3,333,331
Intorest on bonds....................................... $1,158,841
Hlro o f equipm ent, other rents, & c . .
392,630
D iv . on 1st and 2d pref. ( 5 % ) . r _____
800,000
D iv . on com m on stock ______________(4% )560,000
$2,999,919 $3,318,889
$1,161,893 $1,168,950
322,957
290,115
800.000
800,000
(3)420,000 (3)420,000
Balance, surplus___________________
$421,860
$295,068
$639,824
Pros., W m . II. C annlff.— (V . 96, p. 554, 653. 790, 1229, 1291.)
N E W Y O R K C O N N E C T I N G R R . — T o own a new route for the Inter
change o f passenger and freight between the Pennsylvania and New York
Now Haven & H artford R R ., which own the entire $3,000,000 stock.
R oad will be abou t 9 miles long, extending from connections with the Long
Island R R . and the East River tunnel of the Penn. R R . near L . I. City, via
Its own bridge at Randall's Island, to Port Morris, N . Y . (V . 90, p . 503.)
T o be operated b y the N . Y . N . H . & H . R R . and results shared with the
Penn. R R . In proportion to respective earnings on freight Interchanged.
Cost of construction to be provided b y an Issue of 4 % bonds limited to $30,
000.000, guaranteed join tly b y Penn, and N. Y . N . H . & H . V . 93, p. 867;
V . 94, p . 706; V . 95, p. 968.— (V . 95. p. 968.)
N E W Y O R K & O R E E N W O O D L A K E R Y . — (See M ap of Erie R R .)—
Owns from C roxton Jet., N. J ., to Sterling Forest, 42 m ., and branches to
R ingw ood, &o., 8 m .; W atchung R y ., Forest Hill to Orange, N . J ., 4 m ;
total owned, 54 in. Stock, $100,000: par, $50. Leased to Erie R R . for
999 years from May 1 1896. Prior lien bonds arc guaranteed, prin. and lnt.,
b y Erie
See V . 63, p . 513; form o f guaranty, V . 65, p . 463.
N E W Y O R K & H A R L E M R R . — [See N . Y . Cent. & Hud. Riv. R R .)—
Owns steam road N . Y . City to Chatham, N . Y ., 136 m . Also owns street
railroad on Fourth and Madison avenues, N. Y . City, 10 m .
The N . Y . Central & Hudson R iver R R . in 1912 acquired $6,148,350
of the $10,000,000 stock at 350% (or $175 per share), plus accrued
dlvs. V . 94. p 208, 768; V . 93. p . 1788, 1600, 1696. Assets, V . 95. p . 47.
M inority stockholders’ com m ittee. V . 94. p. 1057.
The steam road (since partly electrified) was leased April 1 1873 for 401
years to the N. Y . Cent. & Hudson R . R R . Co. for Interest on the bonds and
dividends o f 8 % (this being Increased to 10% b y a supplem entary agree
m ent) por annum, payable J. & J . on tho entire capital stock.
Tho street railway was leased July 1 1896 for 999 years to the Metro
politan S t. R y . (now N. Y . Railways Co.) at $350,000 for the first 5 years
and $400,000 annual rental thereafter; this Is distributed as a div. on the
stook, payable 2 % In April and 2 % In O ct., but. owing to the franchise tax
litigation, the paym ent o f dlvs. out of the street railroad rental was for a
time discontinued or reduced. In Jan. 1912 7 % was paid In full for dlvs.
thus withhold. V . 94, p. 124.— (V . 95, p. 47, 1040; V . 95, p . 1424.)
. N E W Y O R K L A C K A W A N N A & W E S T E R N R Y . — Binghamton to Buf
falo and Internat. Bridge and branches, 214 m ., o f which the main line, 213
m .. Is double track; D . L. & VV. has a lease for duration o f charter from Oot
1882, giving a guaranty o f the bonds and 5% yearly on the stock. See form
of guaranty o f terminal bonds In V . 67, p . 1357; see also V . 68, p. 283.
•
N E W Y O R K & L O N G B R A N C H R R . — Perth A m b oy to B ay H ead, N . J ..
38 miles. Operated under an agreement made In 1888 for a period o f 99
years with Penn. R R . and Cent. R R . of N. J ., which Jointly and severally
guarantee Interest and 7% on the $2,000,000 stock, all owned b y Central
R R . o f N . J . Of tho bonds $192,000 are 5s.— (V . 72, p. 438.)
•
N E W Y O R K N E W H A V E N & H A R T F O R D R R . — Covers Southern New
England and the only direct routes between New York and Boston
Leased (part Owned)—
M iles.
Lines owned in Fee-—
M iles
Junction near N. Y. City to
Springfield, Mass....................... 122
Boston, Mass., to Hopewell Jet.,
N. Y ............................................. 214
Lines to Providcnoe, Pittsfield,
Litchfield, &o________________ 608
Old Colony R R . (which see)__
Lines Leased—
619
Providence and Worcester-----48
Norw. & W orcester (which see)
72
Other lines___________________ 365
Traok toN.Y.Clty.&o.(V.88,p.53) 44
•Total operated July 1912 (129 m. has four and 856 m. two traoks) ..2,092
The New York division has been electrified to Stamford, Conn., and the
electrification from Stamford to New Haven. 39 miles, to be completed
by July 1913 at a cost of about $4,500,000. V. 94. p. 68, 1384; V .9 6 ,p .6 3 .
Bos. & Prov. div., 44 m ., is to bo electrified and 4-tracked. V. 95, p. 237.
88
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
$1 ,0 0 0
36 1880
Danbury A Norwalk cons M (5100,000 are Gs)___c*
Gen m tge D anbury, Conn, to W ilson P t, & c -.c *
1 ,0 0 0
36, 1883
First ref m tge V 82, p 210) gold a ssu m ed ..c*& r
36 1905
1 2 1904 1 , 0 0 0 &o
Harlem R A Poet 1st M gold $ 15 ,000,000-Us.c* &r
1 .0 0 0 &C
N augatuck first m ortgage gold assum ed______ c*& r
61 1904
D eb en tu res.....................................................................
1902
___ 1905
B oston A N Y A ir Line new M 55,000,000 (assumed)
1 ,0 0 0
N H & N ortham pton ref M 510,000,000 guar p & 1-1906
Provldence Term 1st M $7,500,000 g a ssu m ea .c’ &r
1906 1 , 0 0 0 &c
One-year notes (V 95, p 1403)______________________
1912 5,000 &c
—
Consolidated R y debentures.........................................
100
B oston R R Holding Co pref stock guaranteed..........
1 ,0 0 0
P rov Sec Co deb 519,911,000 g gu red 105 beg ’ 17-c*
1907
___ __ _
100
New Eng Inv & S pf stk 4 % cum $10,000,000 rcd l0 5
$ & £
N Y W es <Ss Bos 1st M 560,000,000 g red llO d .c '& r *
1911
15-year funding gold notes guar prln & In t_________
1909
100
Springfield R y 4 % cum pref stock red 105 gu a r____
___ 1961
1 ,0 0 0
•Conn R y A Ltg 1st A ref M 515,000,000 g s f--E q .c *
Var
u Bonds of electric roads merged (54,652,000 are 5s)
V ar
Other bds of elec rds leased or contr(see “ E lR y S ec” )
. . . 1905
New England Navigation Co debentures g o l d _____
do
do
do ____________________________
. . . Var
Bonds of steamship, &c, companies con trolled_____
Bonds of Leading Proprietary, &c. Lines
1 .0 0 0
1 0 1911
H olyoke & Westfield 1st M (V 92, p 322, 795) g u .c*
Old Colony— See that com pany
1 .0 0 0
51 1897
Providence & W orcester first m ortgage cu rren cy. .
N ew Y ork & N o rth e rn — See N i f Cent & H R H R .
100
New York Ontario & W estern— Comm on s to c k .........
T ext 1892 1 , 0 0 0 &c
R efunding (first) mtgo $20,000,000 g o ld -..B a .c * &
1 .0 0 0
1905
Gen M $12,000,000 gold red 110 (see text) -_N xc*&
___ 1900
1 ,0 0 0
Gold notes sec 1st M E H C & I due $200,000 s - a - .c
1 ,0 0 0
Equip notes due $36,000 s-a (V 90, p 9 7 7 )----------Ba
1910
___ 1911
1 ,0 0 0
E quip notes due $35,000 s-a (V 92, p 6 6 0 )-----1 ,0 0 0
do
d o Ser C $30,000 s-a (V 96,p 420 . . . B a
1913
—
N ew Y ork & O tta w a — See N Y Central & H It R R .
50
New York Phila & Norfolk— S tock. $4,000,000--------1 ,0 0 0
First m tge $3,000,000 g (V 68. P 773. 978) . ..F P .c
i i § 1899
1 .0 0 0
Incom e m tge g non-cum regls (V 68, p 9 7 8 ) ____FP
1 1 2 1899
N E W Y O R K N EW H AVEN & H A R T F O R D (Concluded)—
The Boston R R . Holding Co. (which see), incorp. In Mass. In June 1909,
July 1912 owned $21,918,900 of the Boston & Maine com . and $654,300
Boston A Maine pref. stock, or 53.6 % of the B . & M . stock. The New
Haven com pany has acquired all the com m on shares, excep t Incorporators'
shares, of the Holding C o., and guarantees the $27,293,900 4 % pref. shares
(of which $24,493,900 held In New Haven treasury June 30 1912). prln. and
d lvs., thus having Indirect control of the B . & M . V . 88, p . 1621; V . 89,
p . 163. 839. 917, 994; V . 90, p . 1614; V . 91. p . 154; V . 92, p. 119.
In O ct. 1904 $29,160,000 of the 558,118,982 N. Y . Ont. & W est. com .
stock was acquired at $45 per $100 share and $2,200 o f the $4,000 p ref,
and In A ug. 1912 application was made to purchase the remainder on fair
terms. V . 95, p. 481: V . 79. p. 2086, 2642: V . 80, p. 1363.
On May 9 1912 permission was obtained to purchase from the New York
Central the remaining one-half ($2,352,052) of Its m ajority holding of
$4,704,100 pref. stock of the Rutland R R ., the other one-half having been
acquired b y the N ew Haven road in Feb. 1911, but suit to restrain purchase
Is pending. V . 93, p. 1 6 0 0 ,1788; V . 94, p . 1317; V . 95, p. 1608.
Owns greater part of stock of Central New England R y . (which see) and
guarantees the $11,927,000 gen. 4s sold In May 1911; V . 92, p. 1179, 1375,
1436; V . 93, p 866
In 1906 acquired control o f H artford A New York Trans. Co. and In 1907
one-half of the stock of the Merchants’ A Miners’ Transportation 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.
Has trackage arrangement over Boston & A lbany R R . for 10 years from
July 1 1911, and thereafter terminable on one year’s notice, sharing In onehalf the surplus or deficit. V . 92. p. 882, 1179: V . 93, p. 105, 867; V . 94,
P. 834; V . 95, p . 964. Shares equally with the N . Y . Cent. & Hudson River
R R . the obligation under Its 4 M % equipment trust for $7,500,000 (55,
220,000 bonds Issued) made In 1912 to provide Boston & A lbany with eauip’ t
and will own one-half of the same when fully paid. V . 95. p. 1040, 1332.
Penn. R R . on Dec. 31 1912.owned $5,312,500 stock. V . 90, p. 1425.
E L E C TR IC R A IL W A Y S .— May 31 1907 the Consolidated R y ., a con
solidation o f various controlled electrlo railways, chiefly In Connecticut,
aggregating about 770 m . of track, purchased the property o f the New
England Navigation C o., owning the Fall River and other steamship lines;
Its capital stock, as then Increased from $10,000,000 to $30,000,000, was
exchanged b y the N. Y . N . H . A II. R R ., 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. R y . leased Conn. R y . & L tg. C o., operating 193 miles.
(V . 83, p. 1525; V . 84, p. 508.) The Connecticut properties are now
held b y C onnecticut C om pany, whose $40,000,000 cap. stk. is all owned b y
N ew Haven R R . V . 91, p. 871; V . 96, p. 653. M ost o f the electric prop
erties In Connecticut not used In railway operation and some o f the gas prop
erties were sub-leased for 994 years from O ct. 1 1911 at a rental o f $365,000
a year to the United Eleotrlo Light & W ater Co. V . 93, p . 1669; V . 94, p.
68: V. 95, p. 970. See “ Electric Railway Section .”
Also Deo. 1906 acquired control o f Providence Sec. C o., controlling street
rys. (311 m .), o f Providence and vicinity, $19,898,000 P rov. Sec. 4 % debs,
being guar., p. & 1. V . 83, p. 1525; V . 84, p. 1114: V . 85. p . 858; V . 92,
p. 462. In July 1909 large block o f United Trao. & E lec. Co. o f Provi
dence stock (total outst. $8,000,000) was acquired on the basis o f 8 shares
fo r 5 shares of New Haven stock. V . 89 p. 105.
In June 1913 a bill was passed perm itting the consolidation o f trolley
lines in W estern Massachusetts under the name o f Consolidated Berkshire
Street R y ., and their acquisition b y the N . II. N . H . & H artf., which is to
expend $5,000,000 in Improving same. V . 96, p . 1630, 1702.
In June 1911 took over through the R hode Island Co. under long leases
the Providence 5s Danielson R y . and Scavlew R R ., 52 miles, Increasing the
street railway mileage, slnglo track, to about 1,400. V . 92, p. 1501, 1565.
On June 30 1912 there were outstanding bonds o f electrlo roads leased,
Interest on which Is paid as rental, other than Conn. R y . & L tg. Co. shown
in table above, aggregating $915,000.
Owns practically all the stock o f the N . Y . W estchester A Boston, 177th
S t., N . Y . C., and M t. Vernon, &o.’; total trackage, 74.57 miles, of which
50.57 held in fee and 24 m . under perpetual trackage rights. See bond of
fering. & c., V . 93, p . 346, 866; V . §4, p . 1508, 1627; V . 95, p. 48, 298, 964,
1040, 1208, 1746,
•
S T O C K .— Authorized Issue unlim ited. Issued June 30 1912, $179,583,
100, There was held In treasury o f New England N av. Co. and R hode
Island Co. June 30 1912 $21,571,900 and $147,900 stock, respectively.
Stockholders and convertible debenture holders subscribed in 1909 for
$44,645,400 stock at 125. V . 89, p . 1142, 1223; V . 90, p . 1045; V . 91, p . 941.
T he stock is also being Increased b y conversion o f 3 Ms o f 1906, which con
version is actively going on, about $20,300,000 being converted Feb. 1913.
Stockholders’ Committee.— A stockholders’ com m ittee (G eo. V on L . M eyer,
Chairman; T . K . Cummins, box 363 B oston, Sec.) requested proxies under
an agreement dated M a y 20 1913, with a view to making an unbiassed in-”
vestig a tlon ." V . 96, p. 1489, 1630.
D IV ID E N D S .— 11873-1893. 1894
1895 to M c h .’ 13 (Incl.) June’ 13P er o e n t . . . - - - - - - 10 yearly.
9
8 (2% quarterly).
1M
In June 1913 the dividend was reduced from 2 % to 1M % quar. V . 96,
p . 790, 863, 1157, 1424.
BO N D S.— Harlem River & Portchester D lv. 4s o f 1904, V . 85, p . 1143.
Under lease "assum ed” debt of Old Colony R R ., whloh sec.
O utstanding Notes: also Debentures Assumed as of J u ly 1912 M a tu rity
Notes, A c ., O utstanding M atu rity . I Consol. R y . (con cluded) —
1-year 5 % $40.000,000. — Deo, l *13
4 % 1 90 5 .--$ 2 ,3 0 9 ,0 0 0 Jan. 1 ’ 55
St. R y. Debentures, A c ., Assumed— I 4 % 1 9 0 5 ... 1,340.000 A p r. 1 ’55
H artf. S t. 4 % ..$ 1 6 5 ,0 0 0 Jan. 1 ’30
4 % 1 9 0 6 --. 2,011,000 Jan 1 1956
Consol. R y . (see Elec. R y. Sec.)—
3-3 M -4% ’05 972,000 F eb. 1 *30
4 % 1904___$4,255,000 July 1 ’54|
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$500,000
5 &6 J
A J July 1 1920
150.000
5
A & O A pr 1 1925
& D June 1 1955
J
350.000
4 g
M & N May 1 1954
15.000.
000 4 g
4 g
M A N May 1 1954
2.500.000
A & O O ct 1 1930
234.000
3M
F & A Aug 1 1955
3.777.000
4 g
& 1) June 1 1956
2.400.000
4
J
M A S Mch 1 1956
4.000.
0004 g
J & D D ec 1 1913
40.000.
000 5
See text
See text
19.180.000
M A N May 1 1957
4 g
4.000.
0004
J
A J July 1913, 2 %
20.100.000
A J July 1 1946
4M g J
A pr 1 1924
16.250.000
3,387,950
A J July 1913, 2%
4
J
12.551.000
4M g J
A J Jan 1 1951
11.046.000 4, 4 M , 5 Various 1912 to 1956
2.171.000
4 &5
Various 1917 to 1958
M &M 13 N ov 13 1955
3.600.000
4 g
675.000
4
J & J Jan 1 1955
1.385.000 4 to 6
Various 1916 to 1934
New H aven, Conn
do
do
do
do
First N at B ank, B oston
New H aven, Conn
Treas, New H aven, Conn
Second Nat Bank, N H
do
do
Second Nat Bank, N H
Amount
Outstanding
Par
Value
New York New Haven & H artford (Concluded)—
[VOL. XCYI.
R A IL W A Y STO C K S A N D B O N D S
200.000
1.500.000
Rate
%
When
Payable
New Y ork A New H aven
New Y ork A London
Equitable Trust Co, N Y
4M
A
A
O A pr 1 1951
Treasurer, N H aven,Con
4
A
A
O O ct 1 1947
R I H osp & T r Co, Prov
58,113,982 See text
20.000.
000 4 g
4 g
8.630.000
1.000.
0005 g
504.000
4M
210.000
4M
900,000
4M
See text A ug 4 1 91 3 ,2 %
M A vSJune 1 1992
J
A D June 1 1955
& I) Dec ’ 13-D ec T 5
J
A A O T o April 1 1920
M A S T o Mch 1916
M & s T o M ch 1928
2.500.000 12 In '12 J
J
4 g
2.600.000
M
1,000,000
4
A
A
A
Checks mailed
Office, Gr Cent Ter, N Y
do
do
Guaranty Trust Co, N Y
Bankers Trust Co, N Y
do
do
do
do
D May 31 T 3, 6 % Checks mailed
26 South 15th St, Phila
J Jan 1 1939
Checks mailed (see text)
N Jan 1 1939
The 3 M % coupon debenture certfs. dated 1906, due Jan. 1 1956, are con
vertible at par of $150 for $100 stock between Jan. 1 1911 and Jan. 1 1916,
and have been so reduced from $29,997,300 to am ount shown at top o f
page. V . 81, p . 970, 1039, 1493; V . 84. p. 103, 694
In F ob. 1907 145,000,000 francs ($29,000,000) 4 % 15-year debentures
with a flxed 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.
The $39,029,900 6 % debentures dated 1908 and due Jan, 15 1948 are co n .
vertlble Into stock after Jan. 15 1923 at par, and are to be secured b y any
m tge. hereafter created covering the main lines between W oodlaw n, N . Y .
City, and Springfield, Mass., or New H aven, Conn., and P rovidence, R . I,
V . 85, p. 1270, 1339, 1402. 1647.
In N o v . 1912 sold $40,000,000 1-year 5 % notes to retire $30,000,000 4 %
notes duo Jan. 15 1913 and maturing notes o f subsidiaries and to purchaes
equipm ent. V . 95, p . 1403.
The developm ent of the adjacent surplus real estate not used for the
Grand Central Terminal, N . Y ., will be eventually financed through a
separate com pany, whose capital stock will be equally owned and obliga
tions guaranteed b y N . Y . N . H . & II. and N . Y . Central. V . 95, p . 964.
E A R N IN G S .— 10 m o s.,ri9 1 2 -1 3 .-G r o ss , $57,457,545; net, $18,073,305
July 1 to A pr. 30.
\1911-12-.G ross, 53,623,453; net, 18,902.818
F or 9 m os. ending M ch . 31 1913, net, $16,723,558; agst. $17,039,322 In
1911-12;,othor inc., $2,545,947; charges, $15,408,200; bal., sur., $3,861,305.
A N N U A L R E P O R T .— R eport for 1911-12 in V . 95, p. 963, 1207.
Year ending June 30—
1912.
1911.
1910.
2,091
2,041
2,042
Miles op era ted ...........................
Passenger earnings.............................. --$26,816,435 $30,154,916 $29,005,890
Freight earnings....................................... 32.130,892 30,329,092 30,110,588
Miscellaneous .......................................... 5,985,738
1,669,427
1,577.189
Gross earnings....................................... $64,933,065 $62,153,435 $60,693,668
$22,829,047 $21,254,802 $22,004,452
Net e a rn in g s-------------N et, outside op era tion s....................... 1,388,155
1,399,793
1,308,470
6,580,122 4,391,673
D lvs. and lnt. receiv ed......................... 6,782,306
Other Income, rents, & c_____ _______ 3,520,802
2.598,806 4,799,752
T otal net Incom e...................................$34,520,310 $31,833,523 $32,304,347
Interest on bonds, & c............................ $10,478,744 $10,710,389 $10,677,459
Rentals of leased lines........................... 4,474,347
4,478,324
5,133,717
T a x e s .......................................................... 3,792,872
3.578,363
3,983.377
Other rents and guaranteed dividends 2,182,520
1,874,135
1,702,430
Dividends (8 % ) .......................................... 14,315,540 12,454,852
9,759,081
Miscellaneous............................................
206,276
5.000
10,490
B a la n c e ................................................ def.5929,989 $1,267,540sur$l,037,793
Combined earnings of system , excepting N. Y . Ontario A W estern, Boston
& Maine and Maine Central for year ending June 30 1912 were: Gross,
$90,641,905; net after taxes, $27,668,627; other Income, $4,787,487; Int,.
rentals. & c., $19,540,611; dividends, $12,609,668; bal., sur., $305,835.
O F F IC E R S .— Pres., Chas. S. Mellcn, New H aven; S ec., A rthur E. Clark!
T reas., Augustus S. May, New H aven, Conn.
Directors.— William Skinner, H olyoke, Mass.: Jas. S. E lton, W aterbury
Conn.; Chas. S. Mellen, New H aven, C onn.; J. Plorpont Morgan Jr, William
Rockefeller, G e o . F. Baker, Lewis Cass L edyard, Charles M . P ra tt, Now
Y ork ; D . N ew ton Barney, Farm ington, C onn.; Sidney \V. W inslow , Alex
ander Cochrane. Theodore N . Vail and Lawrence M in o t, B oston; R . W .
T a ft,P rov id en ce; C .F . Brooker, Ansonla, C onn.: D o Vor n .W a rn e r, B ridge
port; Samuel R ea, Thos. D o W itt C uylor. Philadelphia, P a .; James S.
H em ingw ay, Fredk. F . Browster, A . H eaton R obertson, N ow H aven;
Edwin M ilner, M oosup, C onn.; Hemw K . M cIIa rg , Stam ford, C onn.; John
L . Billard, M eriden, C onn.; Francis T . M axw ell, R ockville, C o n n .; Edward
M iligan, H artford, C onn.; M orton F. Plant', N ow L ondon, C on n ,— (V . 96,
p. 790, 863, 1157, 1365, 1424, 1489, 1557, 1630, 1702, 1773.)
N E W Y O R K O N T A R I O & W E S T E R N R Y . — Operates from W eehawken.
opposite N . Y . City, to Oswego, on Lake Ontario, In all 566 miles, viz.:
Road Owned—
M iles.
Road Controlled, A c .—
M iles.
Oswego to Cornwall,N. Y ..............272 Pecksport, Conn, (leased )------------ 4
Branch to New Berlin____________ 22 Ontario Carb. A S. (leased) Cadosla, N. Y ., to Scranton, P a . . 74
do
to D elhi.......................
17
do
to E llcn v llle ____________
8 R om e A Clinton (leased )------------ *13
U tica Clinton A Bing, (leased) . . » 3 l
T otal o w n e d .................. ...............319 W harton Valley (o w n e d ).............. ^
Ellenvllle A Kingston (leased). . . 27
TrackageWW 2079) W .Shore R R .:
C’nwall to W ’ken (V .61.p.425) - 53 Port Jervis M ont. & Sum mltvllle
(owned and l e a s e d ) ..--------------- 38
• See this com pany.
C O N T R O L .— In O ct. 1904 N. Y . N. H . A H . R R . acquired $29,160,000
com m on stook at $45 per share and $2,200 o f the $4,000 prof., and In A u g.
1912 asked permission to purchase the remainder on fair terms. V . 95. d .
481: V . 79. p. 2086, 2643; V . 80, p . 1363, 2458; V . 81. P. 1044.
S T O C K .— There is $4,000 old preferred. V . 79, p. 977, 980, 1332.
D IV ID E N D S .— On com m on stock, 1905, 4 M % : 1906 to 1911. 2 % each;
1912, none; 1913, 2 % . V . 96, p . 1772.
BO N D S, AC.— Refunding mtge. for $20,000,000 covers 319 miles of road
owned, all the securities of the Ont. Carb. <Ss Scran, R y ., 5 4 miles, and all
after-acquired property. V 72, p. 87; V. 78, p 2012; V. 80, p. 651. Of
the $12,000,000 gen. M . 4s o f 1904 $6,650,000 were issaed and In F eb. 1913
permission given to issuo $1,980,000 additional. V . 79, p . 1332, 1462:
V . 92. p. 462; V . 94. p . 1508: V . 96. p . 420, 653.
Early In the calendar year 1899 the coal properties at Scranton, P a ., o f the
Lack. Iron & Steel Co. (the capacity o f the collieries then open being about
700,000 tons per annum) were purchased b y the Scranton Coal C o., aided
b y loans from the N. Y . O. & W .. the latter Issuing Its $2,500,000 5 % notes
(final Installment paid Feb. 1911), and loaning $1,475,000 (of which
$305,000 has been repaid), the O. A W . obtaining contract for entire ton
nage
V . 6 8 . d . 41. 429; V. 69, d . 604. 646; V. 81, p. 1792.
June, 1913.
89
R A IL W A Y S T O C K S A N D B O N D S
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and Maturity
dson RIvor R R .
N ew Y o r k & P u tn a m $984,000
M & S Sept 1 1927
$1,000
5 g
12 1887
N Y & R ockaw ay Beach -1st M $1,000,000 g gu .C e.c*
980,000 Up to 5
Sept 1 1927
1,000
12 1887
Second m tge Income
1,500,000
1,000
F & A Feb 1 1957
4 g
9M 1907
N Y Short Line— 1st M $ 1 , 5 0 0 , 0 0 0 g gu p & 1 P eP .xc
500 &c 3,483.000
5 g
A & O A pr 1 1940
72 1880
N Y Susq & W est— Midland R R 1st M g ext lO .C e.c
200,000
1.00C
,T & D June 1 1950
5 g
1 1881
Paterson Bxten R R 1st M ext In 1910 at 5 % s f g - c
3.745,000
1.00C
5 g
J & J Jan 1 1937
127 1887
447,000
1.00C
127 1887
4 H g F & A Feb 1 1937
2,552,000
1.00C
5 g
F & A Aug 1 1940
127 1890
M & N May 1 1943
5 g
1893 1,000 &c 2,000,000
3,000,000
1.00C
& D June 1 1942
5 g
J
65 1892
680,000
1,000
4 «
F & A T o A ug 1 1921
1911
• Allied Companies—
^
70,000
500
.T & D D ec 1 1940
5
3 1885
Passaic & N Y 1st M (999 years rental) ext 1 9 1 0 -.
44,000
1.00C
5
,T & D Dec 1 1916
2 1896
M acopln R R first mtge (branch to M acopln L a k e ).
450,000
50(
6
M & N N ov 1 1933
1893
N Y & W ilkes-Barre Coal Co first m ortga ge............
ew York Texas & Mexico— See Galveston Harrlsbui <S> San A nton lo
103,850
50
6
A & O A pr 1 1913, 3 %
4
ewark & Bloom field— S tock, 6 % rental....................
vllle
120,000
500 &c
J
6 g
& J T o Jan 1925
15 1911
175.000
1,000
F & A Aug 1 1922
5 g
1902
Niagara Junction R y— First M $650,000 g o ld .-B a .o '
250,000
1,000
5
F & A Feb 1 1938
e 1898
Norfolk & Portsm outh Belt Line— First m ortga ge.F I
189,500
500 &c
4 g
A & O O ct 1 1935
4.6 1905
Ellz RIv 1st M g g u p & 1 s t red 105 since ’ l l -G P .c'
Norfolk & Carolina— See A tlantic Coast Line R R
100 16,000,000 2 in 1912
Quar July 11913. M %
1.00C
1,655,000
5 g
M & N May 1 1941
223 1891
First
1.00C
825,000
5 g
J
& J July 1 1954
223 1904
650,000
1.00C
5 g
J
& J July 1 1952
75 1902
500 &c 12,381,000
5 g
F & A Feb 1 1961
78S 1911
1st & ref M $35,000,000 red 105 beg 1915 -C c.x c* &r»
1.00C
137,000
M & S Mch 1 1943
32 1903
5 g
Raleigh & Cape Fear 1st M g .................... ^ x - - CKA0.
1,000
374,000
5 g
J
& D June 1 1965
61 1905
Raleigh & Southport first m ort $2,000,000 . . . . C l
1.00C
1907
176,000
6 g
A & O O ct 11917
do
do
general mortgage $ 2 0 0 ,0 0 0 .f
1.00C
164,000
J
5 g
& J Jan 1 1940
82 1910
A berdeen & Asheboro 1st M $164,000 g --M eB a .o
1,000
M & N May 1 1961
1,000,000
1911
4 g
Norfolk Term inal— 1st M $2,000,000 g gu r e d ..- Q .c »
H
In N ov 1900 eight Independent anthracite properties with a m aximum
outnut of 2 000,000 tons annually were merged as the Elk Hill Coal & Iron
Co the N Y 6. & W . Issuing Its $3,500,000 5 % s. I. first lien gold notes
secured b v 'th e Coal & Iron C o.’s 1st m tgo., these notes maturing $75,000
each 0 mos , beginning June 1 1901, to June 1 1911, and thereafter $200,000
semi-annually to Dec. 1 1915. The notes are secured pari passu with the
bonds Issued under gen. m tge. o f 1905. V . 71, p . 1270: V . 73 n. 501
E A R N IN G S .— F or 10 m onths ending April 30:
10 Months—
Gross.
N et.
Charges.
Hal., Sur.
$2,226,203
$1,245,112
$981,091
1912-13...................... $7,843,420
1.577,499
1,102,858
474,641
1 9 1 1 -1 2 ---................ 7,265,135
R E P O R T .— For 1911-12 In V . 95, p . 746. Coal traffic in 1911-12. 3,794,
171 tons (out of 5,944,499 tons), against 4,342,107 tons In 1910-11
1909-10.
Year ending June 30—
"
1911-12.
1910-11.
$8,578,783
Gross earnings............................................ $8,527,944 $9,295,702
2,441,100
Net earnings over tax es.................... ...... 1,764,060 2,490,483
2,844,417
T otal net Income, Including “ other” - - 2,126,983 2,880,626
957,920
Interest on funded d e b t_____ _________
1,107,453 1,030,881
152,056
Miscellaneous Interestand discount___
129,675
142,496
421,644
416,126
564,313
Rentals and hireof equipm en t_______
1,162,328
Dividends_____________________________
210 1,162,336
B ala n ce................................................... sur.$473,519 def.$19,400sur.$150,470
Pres., Charles S. M ellon. O ffice, N ew H aven, C onn.— (V . 94, p . 1250.
1608. 1764; V . 95, p. 358, 481, 746, 818: V . 96, p. 420, 653, 1773.)
N E W Y O R K & O T T A W A R Y . — S o o N . Y . Central & Hudson R iver R R
N E W Y O R K P H I L A D E L P H I A & N O R F O L K R R . — In Jan 1909 all but
$7,250 of the $2,500,000 stock had accepted the oiler of the Pennsylvania
R R . to buy the stock with 4 % 40-ycar trust certfs., guar. prln. and int. by
Penna. R R . on basis of $3,000 certfs. for $1,000 stock. (V . '90, P - 977). In
1912 stockholders authorized increase in stock, $ 2 •500,000• to $4,000,000,
but none Is to bo issued at present. Y . 95, p. 1332. E qu ipt. trust obliga
tions, $1,000,000.— (V . 95, p. 1332, 1608.)
N E W Y O R K & P U T N A M R R . — See N . Y . Central & H udson R iver R R
N E W Y O R K & R O C K A W A Y B E A C H R Y . — Owns Glendale Jet. to R ock
away Park, 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 b y Long
Island R R . C o., which owns $972,200 stock, whose endorsement Is printed
on 1st M. bonds. On Jan. 1 1913 $101,000 firsts were owned b y L. I . R R ..
together with $978,667 of the Incomes. V . 83, p. 890. Cal. year 1912,
gross, $1,219,813: net, $350,506: chargcs,','$234,483; rental received,
$350,506: balance, surplus. $116,023.— (V . 83, p. 890.)
N E W Y O R K S H O R T L I N E R R . — Owns a cut-off for the Reading Co.
between Cheltenham and Ncshamlny Falls,09.38 miles, opened May 1906.
V 79, p. 1038. T o be 4-tracked— 2 tracks laid at present and on 2 miles
3 tracks. Leased to Phlla. & Reading R y . for 999 years from Fob. 1 1907.
The $250,000 stock Is owned by Reading C o., which guarantees the bonds,
principal and Interest.— (V. 84, p. 1552; V. 87, p. 1421.)
N E W Y O R K S U S Q U E H A N N A & W E S T E R N R R . — {See E rie M ap.)
■■■
— or
-----" — stock. M iles. Susquehanna Connecting R R ------ 8
Owned
{in fee)
entire
Jersey City to Stroudsburg, P a - - 99 Other branches................................. 24
Leased— Mid. Un.& W ater G a p .. 14
(D ouble track 19 miles.)
Beaver Lake, N. J ., to Unlonvlllo. 21 T r a c k a g e ..................... ....................... 8
W llkcsbarre & Eastern - - - - - - - 65
.23 9
T otal road oDcr&tcd Juno *30 1J1^
--------S T O C K __Pref., $13,000,000; com ., $13,000,000, of which the Erie
owned June 30 1912 $25,599,002 com . and pref.— of this, $6,630,000 com .
and $12 936 000 pref. being deposited under Its mortgages. Dividends on
p rof., N ov. 1891 to 1892 , 2 M % yearly; none since.
B O N D S __General 5s are reserved to retire 2d 4 Hs. See abstract, V . 52,
p. 84. The seconds are exchangeableTor generals on paym ent of an assess’t.
Terminal bonds, see Issue of Jan. 1898 and abstract, V . 57. p. 512.
The S3 500 000 Midland R R . 6s were extended 30 years from 1910 at 5 %
and $ 2 w i0 0 0 Paterson E xt. 5s 40 years at same rate. V . 90. p. 373. 91.
SUIn Juiy ' h U s o ld ’$800,000 4 H % equipment n otosdu o part semi-annually
to A ug. 1921. See Erio Item, V. 93. P. 103.
E A R N IN G S .— 10 m o s . ,f 1912-13------- Gross, $3,169,114; net, $809,118
July 1 to A pril 30. \1911-12.........Gross, 3,139,143: net, 930,885
R E P O R T .— For 1911-12 in V . 95, P; 1200.
Charges.
Net Income.
Year__.
dro^s
Net.
Other /TIC.
$1,052,049 sur .$172,894
1911-12____ $3 3)73*270 $1,045,873 5179.070
994,400 sur. 534,536
1 9 1 0 -1 1 ------ 3,870,678
1,372,062 150-874
1,016,119
sur. 189,752
1909-10
3 474 300
1,074,935
130,938
._
— (V 93, p : 4 7 0 ,1 0 2 2 , 1102. 1463: V . 95, p. 968. 1200.)
N E Z P E R C E & IDAHO R R .— Owns Vollm er, Id a ., on N orthern Pacific
easterly to N ozpcrce, 13.8 miles, opened Juno 15 1910. Extensions from
Vollm er to Lewiston, 55 miles, proposed in N o v . 1912. Stock auth., $500,
000; Issued, $120,000
Of the serial 6s ($300,000 a u th .), the $125,000 is
sued mature yearly Jan 1 1913 to 1925, v iz.: $5,000 in 1913 and 1914,
$10,000 yearly 1915 to 1924 and $15,000 In 1925. A dditional bonds m ay
bo Issued for additions and extensions at 70% of cost, but only when the net
earnings for the preceding 6 m os. are twice the Interest charges, lncl. bonds
then to be Issued
Redeemable In blocks of $5,000 or multiples In order oi
earliest maturities, on any lnt. day, at 105 and lnt. V . 92, p. 1566.
For year ending Juno 30 1912, gross, $43,538: net (after taxes), $21,549;
lnt. charges, $7,519; bal., surp.. $14,030. Pres., Z . A . Johnson, N czpcrco,
Id a h o,— (V . 92. p . 1566.)
N IAG AR A JUNCTION R Y .— A terminal and switching road extending
Calendar year 1912, gross, $86,938; net, $44,045: other incom e, $1,078;
lnt and taxes, $14,207: bal., sur., $30,916. Pres., Edward A . W lckes:
V .-P . Philip P . Barton; S ec., Fred’ k L . Lovelace; Treas., W . P axton
L ittle. New York office, 15 Broad Street.
Places Where Interest and
Dividends are Payable
U S Mtge & T r C o, N Y
Reading Term inal, Phlla
Office, 5 0 Church Street
do
do
do
do
do
do
do
do
do
do
do
do
Commercial T r Co, Phlla
O ffice, 50 Church S t, N Y
do
do
V 84, p 342; V 94, p 1701
90 W est S t. New Y ork
Chicago, 111
Bankers Trust Co, N Y
Fidelity Trust Co. Phlla
Girard Trust Co, Phlla
Checks mailed Norf office
M etropol T r Co, N Y
Guaranty Trust Co, N Y
International T r Co, Balt
Central Trust C o , N Y
Columb K nlck Tr Co, N Y
Colum b K nlck T r C o,N Y
New Y ork Trust Co, N Y
Merc T r & S Dep C o,B alt
Guaranty Trust C o, N Y
N IA G A R A W E L L A N D & L A K E E R IE R Y .— V . 95. p . 680.
NORFOLK & PORTSMOUTH BELT LINE R R .— Owns Port N orfolk to
Berkley, V a ., 6.13 mlles.’and Southern branch extension, 6.01 m .; operated
under lease, 1.85 miles. In N ov. 1909 acquired entire stock of Elizabeth
R iver R R ., whose bonds are guaranteed. V . 90, p. 1044. S tock, $50,400.
all owned b y Atlantic Coast Line, Norf. & W est., Chos. & Ohio, N. Y . Phlla.
& N orfolk, Seaboard A ir Line and N orf. South.
$100 shares. Bonds,
see table. Cal. year 1912, gross, $219,772; net, $61,016: other Income,
$19,690: int. on bonds, $20,135; other oharges,$18,933; bal., su r.,$41,638.
N O R F O L K S O U T H E R N R R .— Operated June 30 1912 6083)6 m iles,
extending from N orfolk, V a., to Raleigh, Goldsboro and Beaufort, N. C ..
with branches. Of this total the com pany owns 508.03 miles and leases 95
miles (from Goldsboro to Morehead C ity ). and has trackage rights on 5.03
miles; 45.06 miles Is equipped electrically. A t N orfolk the com panv has
connection with steamship lines which furnish practically a dally service to
W ashington, Boston, R ichm ond, Baltimore, Philadelphia and New Y ork.
Trains are operated over the Albem arle Sound trestle, giving rail connection
to all the com pany’s lines. Owns entire capital stock and bonds of John L.
R op ei Lum ber C o., owning over 600,000 acres of tim ber lands and 200,000
acres ox tim ber rights. V . 87, p. 1415.
.
T h o John L . R oper C o . owns entire stock ($175,000) o f Carolina R R . ex
tending from Snow Hill to Pink H ill, N . C ., 35 miles, via K inston, an exten
sion o f 15 miles to be constructed from Pink-H ill south to C hinquapin, N .O .,
V . 95, p . 1684.
In July 1912 arranged to purchase Raleigh Charlotte & Sou. R y ., which
early In 1912 absorbed the A berdeen & Ash. R y ., Durham & Charlotte R R .
and Raleigh & Southport R y ., together operating 228 miles In the Piedm ont
section of North Carolina, with 22 miles under construction. The Aberdeen
& Asheboro extended from A berdeen to A sheboro, N . C ., 56 miles; Biscoo
to Mt Gilead, N. C., 22 m .; W est End to Jackson Springs, N . C., 4 m .;
Candor to Ellerbe, 17 H m ., and leased Carthage & PInehurst R R ., 12 m .;
total. 112 miles. The Durham & Charlotte R R . operated from T roy to
Colon. N. C , 50 miles, and the Raleigh & Southport R y . from R aleigh,
N C .. to Fayetteville, 64 m .. Including 2 miles of trackage, and had under
construction a branch to Sanford, 25 m . V . 1
9 3, p. 1463; V . 95, p . 48. E x
tension from M t. Gilead to C harlotte, N . C .. 56 m ., is expected to b e in
OPT h o IB ^iK oSrtITerminal R y . was incorporated in N o . Carolina in M arch
1913 with $5,000,000 authorized stock, all to be ow ned, to build a lime from
Beaufort, N . C ., to C ape L ookout. T h e com pany will also m ake a bond
issue. V . 96, p . 863.
O R G A N IZ A T IO N .— Successor May 5 1910 to N. & S. Railway, foreclosed
Dec. 7 1909 per plan V . 87, p. 614, 678. Incorp. In Virginia May 2 1910.
STOC K A N D B ON DS.— Under plan in V . 87, p. 614, 678. the new co.
authorized $16,000,000 stock and $12,000,000 "first & refunding” M. 5s.
The stockholders on Feb. 28 1911 authorized a new “ first and refunding
m ortgage to secure an Issue o f $35,OOO,00O bonds to replace said $12,000,000
mortgage, which was found insufficient for future needs. Of the new bonds,
$8 100 000 were made issuable for general corporate purposes, o f which
$6 925 000 were sold; also (F eb. 1913) $5,456,000 authorized b y the stock
holders in Juno 1912 to acquire the Raleigh Charlotte & Southern R y .
and im provem ents and extensions. $3,981,000 are reserved to retire a like
am ount o f underlying bonds, leaving $18,638,000 available for future pur
poses, o f which $3,693,000. however will be issuable only upon vote o f
throe-fourths o f the directors and a m ajority o f the stock for add I road.
T ho new bonds are secured b y a first m ortgage on 334 miles, and, subject
to underlying issues aggregating $3,981,000, on 455 additional miles, and
also b y a first lien on practically the entire equipm ent, valued at abou t $2,
720,625; also b y a 1st lien on the entire stock ($1,000,000) and 1st M . bonds
($5,000,000) of the John L . R oper Lum ber C o., owning 10 planing, saw and
shingle and cedar mills, with an annual capacity o f 150.000,000 ft., board
measure; and 110 miles o f standard-gauge logging road, 300 logging
cars. 25 locom otives, &c. The value o f the R op er lumber property has
been estimated at $12,785,000. Sinking fund $100,000 yearly,_ as long as
the lumber com pany bonds are pledged. The lum ber com pany s securities
m ay be withdrawn from the m tge. on paym ent o f at least $5,000,000. A ll
m oneys of the sinking fund. Including the am ount received upon any s a le o f
the Lumber Co. bonds and shares, or upon the redem ption o f any of said
bonds, shall be used, as to at least one-half thereof, for the purchase or
redem ption of bonds o f this Issue, and the balance. If any, for the con struc
tion or acquisition of new lines, equipm ent, betterm ents and Im provem ents.
V , 93, p. 1534: V . 96, p . 487.
D IV ID E N D S .— In 1911, 2 % (quar.); 1912, 2 % (Q .-J .); 1913, Jan ..
April and July, H % E A R N IN G S .— 10 m o s..(1912-13— Gross, $2,815,120; net, $1,024,288
July 1 to April 30. \1911-12_— Gross, 2,500,082; net,
941,608
R E P O R T .— F or year ending June 30 1912 (V . 95, p. 1116):
1911-12.
1910-11.
1911-12.
1910-11.
G ross earns
$3 284.824 $2,955,671 In t., ta x e s , &o $619,937
$512,360
N et a fte r ta xes 1.106.671
1,052.7191D iv id en d s.. (2% )320,000(1 X )(240000
269,342
370,450
T o ta l n et in c. 1,209,279 1,122,810 1S u rp lu s ---------O F F IC E R S .— Pres., Charles H . H ix, N orfolk; V .-P ., R ichard Swartw out 44 Pine St N . Y .; S ec., M orris S. Hawkins, N orfolk ; A sst. S ec.,
James T . A very , 14 W all S t., N . Y .; T reas., M atthias M a n ly , N orfolk :
General Counsel, C hadbourno & Shores. General office, N orfolk , V a.
N . Y . office, 14 ^Tall St.— (V. 95, p. 1684; V . 96, p. 420, 487, 8o3, 1157.)
NORFOLK TE RM IN A L R Y .— Owns a union passenger station at
Norfolk Va
with approaches, opened June 1 1912, used b y the Vir
ginian R y
Norfolk & Western R y . and N orfolk Southern R R ., whloh
own the entire stock and undertakes to meet all expenses, charges and
Interest and principal of bonds. Bonds authorized March 20 1911, $2,
000 000 to be guaranteed, prln. and ln t., b y the three lessor com panies,
of which $1 000.000 have been sold. R edeem able at 105 after N ov. 1 1925.
V .9 2 , p . 660, 1109: V . 93, p . 667; 1191. Pres., L . E . Johnson, R oan ok e.V a .:
V -P . R aym ond du P uy; S ec., Francis W . Russel, and T reas., Caldwell
H ardy, all of N orfolk. V a.— (V . 93. p . 607. 1191; V . 94. p. 1696.)
90
R A IL W A Y STO C K S A N D B O N D S
R A IL R O A D C O M P A N IE S
lFor abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Norfolk & Western— Comm on stock $ 1 5 0 ,0 0 0 .0 0 0 -. 0
A d ju st pref(p & d )4% stock non-cum $ 2 3 ,0 0 0 ,0 0 0 .0
N A W gen (now 1st) M N orfolk to Bris &c g .F P .c*
New R iver Division flrst m ortgage g o ld ____FP.c*
Im provem ent & extension m ortgage g o ld ..F P .c *
S cioto V alley A New Eng 1st M assum g o ld ..C e ,c *
N & W P,rst conso1 mtge $62,500,000 g o!d .B a .c*& r*
DIv 1st lien & gen M (text) g red 105 begin 1929--G
Pocah join t M $20,000,000 g call 105 s f ..G P .c * A
Col Con A Term 1st M gold gu (end) assumed A lo.c
Convertible bonds $34,000,000 gold red t e x t . . . . . G
Convertible bonds text gold re d ................G .c*A r*
___ d o
do
text gold red ____ Ci.c*&r*
W lnston-Sal S o’ b ’d lstM $5.000,000 g gu U s.xc*A r*
Equip trusts Ser C gold gu p & 1 due $200,000 y ’ly
do
Series D gold due $100,000 y ea rly .
do
Series E gold due $100,000 y e a rly _______
do
Series F to K g gu $100,000 each ser yrly
do
Series L to O $100,000 each series yearly
Norristown & Main L Con— 1st M g gu p & I (end) .G P
North Carolina— Stock 7 % paid from ren ta l________
North Penn— Stock 8 % gu 990 years $6,000,000 auth
Old second M (now 1st) (7s extended in 1896)____c
General m ortgage extended In gold In 1903--F P .c Ar
Funding loan bonds $409,000 g o ld .............................
North East Penn— 1st M gold gu P A R (end) .GuP.c*
North & South Carolina— 1st M $325,000 g o ld ---------Northern (A la)— 1st M ($350,000 are prior llen J .C K .c
Northern (N H)— Stock 6 % ren ta l...........................—
Northern California Ry— See Southern Pacific R R —
Northern Central— Stock ($27,737,050 auth) (sec text)
First m ortgage State of Maryland loan (V 74,p 1197)
• Consol general m ortgage of 1874 gold Series E ____c
• Second gen M Series " A ” & “ B ” (A $2,565,000)-F P
428
197
588
129
1,674
1,894
4
___
___
___
89
___
___
_ __
_..
...
___
223
86
56
86
_ __
25x
4b
112
83
Par
Value
Am ount
Outstanding
Rate
%
When
Payable
[V
50
1,000
1.000
NORFOLK & WESTERN RY. — (See M a p .)— System extends from Nor
folk, V a.. westward to Columbus and Cincinnati, O., and northward to
H agerstown, Aid., with branches to the various coal fields In Va. and VV. V a.
Road Owned—
M iles.
iVfi les •
N orfolk, V a., to Columbus, O ___704 Roanoke to W ln sto n ___________ 121
R ad ford, V a., to Bristol, T en n .,1 1 1 Sundry branohes_____ ______
461
R oanoke, V a., to H a g erstow n ..238 Columbus term inal____________
4
Graham to N orton_______________ 100 T ra ck a g e ______________________
14
N o. Caro. Junction to Fries. . .
44
L ynchburg to Durham, N. C____115
Total owned June 30 1912___ 2,018
Portsm outh Junction to Cincin
nati and Ivoryd a le....................... 106 Double track....... .............
417
O R G A N IZ A T IO N .— Successor In 1896 o f N orfolk & W estern R R ., A c.,
foreclosed per plan In V . 62, p. 641. In March 1910 Penn. R R . and sub
sidiary com panies, It Is understood, owned about 51% o f the stock, the
holdings sold In 1906 ($16,000,000) having been re-purchased In 1909 and
also additional amounts required. V . 83. p . 502; V . 88, p. 1062. Branches
building June 30 1912. V . 95. p. 688. In A ug. 1912 purchased half
interest In Vlrglnla-Carolina R y ., 30 miles. V . 95, p. 361, 688.
In July 1909 the Norfolk & Western and Atlantic Coast Line agreed to
build join tly the W inston-Salem Southbound R R ., extending from W instonSalem, N . C ., to W adesboro, 89 miles, com pleted In March 1911, the two
proprietary com panies Jointly guaranteeing an Issue o f 1st M. 50-yr gold 4s
V . 89, p. 161, 598; V . 90, p. 238; V . 91, p. 1448: V . 92, p. 396.
S TO C K .— Provisions o f pref. stock were In the Issue of April 1897, p. 4.
D IV S .— ( ’02. ’03. '04. ’05. ’06. '07. '0 8 . '09. '10. '11. '12,
1913.
C o m m on .% \ 2 X 3
3
3H 4H 5
4
4X 5 5X
6 IX.IX.—
B O N D S.— The flrst consolidated m tge. of 1896 Is limited to $62,500,000,
the balance unissued being reserved to retire the underlying bonds. V . 73,
p . 502; V . 74, p . 151; V . 75, p. 505; V . 77, p. 1785: V . 78. p. 229. T hey are
a 1st M. on about 898 miles of railroad, upon Important terminals at Norfolk
and Lamberts Point, upon the Ohio R iver Bridge and the R oanoke Machine
W orks; also a con sol. M. upon 776 miles subject to the undisturbed liens.
T hey also cover equipm ent. 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 join t bonds are secured by about 295,000 acres
of coal lands owned and held b y the Pocahontas Coal A Coke C o., whose
stock Is owned, of which about 50,000 acres have beeh 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 arc subject to call at 105
since 1906 for a sinking Kind o f 2 X cents per ton m ined. V . 73, p. 845,
902: V . 74, p. 41, 380, 1197; V . 75, p. 502. These bonds are the join t and
several obligations of the Railway Co. and of the Coal & Coke C o., but as
between the two companies the debt Is to be paid b y the latter com pany.
Divisional 1st lien and gen. mtge. 4s of 1904 ($35,000,000) authorized for
future capital requirements are a 1st lien on extensions and branches not
covered by the 1st consol, m tge. aggregating 220 miles, and upon such ex
tensions and branches as m ay be acquired from the proceeds of the new
bonds and also a lien subject thereto upon the properties covered thereby.
Vp'
79. P. 501, 628, 973, 1642, 1704, 2148; V . 80, p . 1175;
V . 82. p. 510; V . 83, p. 1471; V. 88, p. 231, 453.
The con v . 4s of 1907. of which $25,569,000 were Issued 1907-10 (V . 83,
p . 380, 435, 575) arc convertible Into com m on stock, $ for $, prior to June 1
1917, and thereafter subject to call at 105 and int. T o June 27 1913,
$21,884,000 bonds had been converted. V . 83, p. 1412. 1 4 7 1 -V . 84 d . 1248
V . 80, p. 109, 286; V . 90. p. 772, 1425; V . 93, p. 1324, 1534.
The stockholders in 1910 auth’d $50,000,000 convert, bds. V . 91, p. 463.
Stockholders of record Jan. 31 1912 subscribed pro rata for $13,030,100
20-year 4 % convertible bonds at par. T hey are convertible into com m on
stock, $ for $, prior to Sept. 1 1922, and thereafter subject to call at 105
117’ v* 9 r ^ °
1913, $12,025,000 had been converted. V . 94, p. 208,
19,342,550 See text J
A JJ
1,500,000
Q— J 1
6
1,757,000
4X g A A 07
3.565,000
5
J A J,
. X C VI.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$100 $100132300 See text
Q— M
.... 100 22,991,700 4 In 1912 Q— F
1,000
7,283,000
1881
M A N
6 g
1882
1,000
2,000,000
6 g
A A O
1,000
1883
5,000,000
F A A
6 g
1,000
1889
5,000,000
4 g
A! A N
500 Ac 40,400.500
1896
4 g
A A O
1904 1,000 Ac 23,000,000
4 g
J
A Ji
1,000 17.065,000
1901
4 g
J
A D
1892
500
600,000
J
5 g
A JJ
1907 1,000 Ac
3.685,000
J
4 g
A D.
1912 1.000 Ac
1,005,100
Af A S
4 g
1 ,000Ac See textfl
1913
4 X g M & S£
1910
1,000 8i5,000.000
J
4 g
A JJ JJ
1905
1,000
400,000
4 g
A A O/
1905
1,000
300,000
At A N
4 g
1905
1,000
300,000
J A D
4 g
1906
1.000
1.600,000
4 g
Various 3
’ 06-’ 07
1,000
1,600,000
4 g
Various 3
1902
1,000
250,000
Af A S i
4 g
____
100
4,000,000
7
F A Al
....
50
5,405,550
8
3— F
1866
500 Ac
1,500,000
4
M A N1
1873
'4,500,000
3.3g ,T A J J
1898
407,000
M A N:
4 g
1890
1.000
A A O
400,000
5 g
1910
325,000
J A J,
6 g
1896
1,000
1,650,000
5
J A JJ
—
100
Q— J J
3,068,400 See text
___
144 1855
144 1885
144 ’7 6 -’82
o l
O ffice, Philadelphia
Office, Philadelphia
Bankers Trust Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
M etropolitan T r Co, N Y
Bankers Trust Co, N Y
Int from Sept 1913
United States T r Co, N Y
Commercial T r Co, Phlla
do
do
do
do
do
do
do
do
Reading Term inal, Phlla
Burlington, N C
O ffice, 240 S 3d St, Phlla
do
do
do
do
Reading Term inal, Phlla
Reading Term inal, Phlla
J P Morgan A Co, N Y
1023 Old So B ldg, B oston
1 1926
Treasurer’s O ffice, Balto
Annapolis
Treasurer's Office, Balto
do
do
O F F IC E R S .— Pres., L . E . Johnson; V .-P . (Finances), W in. G . M a c"
Dow ell; Sec., E . II. Alden; T reas., Jos. B . L a cy. Phila. office, A rcado BigDirectors.— Victor Morawetz, New York; L . E . Johnson, N. D . Maher,
R oanoke, V a.; Samuel Rea, W . G. Macdowell, Joseph I. Doran, John P .
Green and W . W . A tterbury, Philadelphia; Joseph Yvood, Ilenrv 0 . Frick,
Pittsburgh; W alter II. T a ylor, N orfolk, V a.— (V . 96, p. 1557, 1773.)
N O R R I S T O W N & M A I N L I N E C O N N E C T I N G R R . — Owns double-track
road, 64 miles long, lncl. bridge over Schuylkill River at Norristown, P a .
Leased to Phlla. A Reading R y . at 4 % on stock and Int. on bonds. Reading
Co owns the $50,000 stock and guarantees the bonds.— (V. 75, p. 1148.(
o r . ^ 9 ? ™ C A R O L I N A R R . — Owns from Goldsboro to Charlotte. N . C . ,
221.65 m .; Carolelgh Jet., N. C., to Carolelgh Mills, 1.90 in.; total, 223.55
mhes. Leased from Jan. 1 1896 to the Southern R y . for 99 years at $266.
000 (6 X % on stock) per year till Dec. 31 1901 and $286,000 (equal to 7%
on stock) balance o f lease; also taxes. V . 63, p. 361. State o f North Caro
lina holds $3,000,000 stock.— (V . 66, p. 665; V. 89, p. 163.)
1 N O R T H P E N N S Y L V A N I A R R . — Owns from Philadelphia, P a., to B eth
lehem . P a., 55.53 m .; Delaware R iver branch, 20.45 m .; Doylestown branch.
10.09 m .; total flrst track, 86.07 m .; total track, 251.21 m . Leased for
990 years from Alay 1 1879 to Phlla. & Reading R R . at 8 % on stock, and
lease assumed In 1896 b y Phlla. & Reading R y .— (V . 81. p . 668.)
N O R T H - E A S T P E N N S Y L V A N I A R R . — Owns road from Glenslde to
N ew H ope, P a., 25.64 miles; 2d track, 1.99 m .; total tracks, 32.53 miles.
C ap . stock, $400,000, o f which $318,950 owned b y Reading C o .; par $50.
N O R T H & S O U T H C A R O L I N A R Y . — See p a g e 1 3 9 .
N O R T H E R N A L A B A M A R Y . — Sheffield to Parrish, A la., and branches,
112.50 miles. In April 1899 a m ajority o f stock and bonds purchased by
the Southern R y . V . 68. p. 824, 873. See also V . 69, p . 391.
Stock Is $2,000,000. Under supp. m tge. o f 1898 $400,000 o f the ou t
standing $1,700,000 1st 5s were made prior liens. V . 67, p .1 2 0 8 . In year
ending June 30 1912, gross. $464,685; net, after taxes, $79,502; other in
com e, $51,175; int. on bonds. $82,500; rentals. A c., $83,596; bal., d e f..
$35,419. In 1910-11, gross, $506,192; oper. lno., $139,744.— (V . 69, p . 28.)
^ . N O R T H E R N (N . H.) R R . — Owns C oncord, N. H ., to W hite R iver J o t.,
V t., 70 m ; branch to Bristol, N . H „ 13 m .; total, 83 m . Subsidiary lines.
Concord & Claremont R R ., 71 m .; Peterborough A Hillsborough R R ., 19 m
Lease to Boston A Lowell for 99 years from Jan. 1 1890 was assigned to
Bos. & Me.; rental was15 % on stock till July 1 1897, and now 6 % , payable In
'i „ iS n i r y
1% extra was PaId regularly from contingent fund.
“ L 1?®?*
5 % extra, was paid; In 1896, July 2% extra; In '97, 5%
extra, In July 1904,
extra. In April 1911 Bos. & Me. received authority
to purchase stock. V . 92. p. 1 1 0 8 — (V . 65. p . 463; V . 78, p. 2385.)
NORTHERNCENTRAL RY.— Owns Baltimore, Aid., to Sunbury, P a.,
136 m.;; all double track— branch, 9 m .; leases— Shamokln Valley & P ottsv.
R R ., 40 m .; Elmira & W illiamsport R R ., 73 m .; operates at cost— Elmira
A Lake Ontario R R ., 100 m .; L ykcns Vail. R R ., 19 m .; York H anover A
Frederick R R ., 56 m .; York branch Penn. R R ., Y ork, P a., to Columbia.
13 m .; other, 4 m .; total, 449 miles. Uses other tracks, 23 m . V . 78, p. 773.
The stockholders on Nov. 2 1910 voted to lease road to Pennsylvania R R
for 999 years from Jan. 1 1911, the holders of the $19,342,550 stock to
receive a stock dlv. of 4 0 % ; also 10% In cash from treasury assets and a
guaranty of 8% on all the stock during the lease. V. 91, p. 154, 337, 464,
871, 1026. The Penn. R R . will not accept lease until two suits brought
b y small m inority stockholders end favorably or It Is advised It m ay
legally d o so pending the same. The lease when accepted Is to be operative
from Jan. 1 1911. The lower Federal Court on Dec. 30 1910, and Alaryland
Court of Appeals Feb. 23 1911 held that tho lease Is not redeemable under
Alaryland laws, but In Alay 1911 a third stockholders' suit was brought
V . 91, p. 1768; V . 92, p . 527, 1109. 1179, 1243, 1566; V . 93, p. 45, 286i
V .9 6 .P . 572. T ho higher Court In April 1913 sustained tho sale o f $500,000
Union R R . stock In 1894 to Phila. VVilm. & B ait. (Phlia. B alt. & W ash.).
V . 95, p. 680; V. 96, p . 572, 1089.
^ s’to ck W d e rs 0f record Feb. 17 1913 subscribed for $17,139,300 o f tho
SE C U R IT IE S O W N E D .— On Jan. 1 1913 among the assets held were
$18,353,000 25-yr. 4 X % convertible bonds offered at 102 X . payablein full
Elmira & Lake Ont. stock (all), $1,500,000: Sham. Val. & P ottsv. stock.
M ch . 21 1913. or 5 2 X % M ch. 25 and 50% between Sept. 2 and 5 1913.
$619,650:
Union R R . stock, $1,225,000 (the bal. of $875,000 being held by
T hoy aro convertible into com m on stock, $ for $, prior to Sept. 1 1923, and
Phlla. W llm . A B alt.), Ac. Also the following, m ostly acquired In 1900:
thereafter subject to call at 105 and int. V. 96, p. 360, 653, 948.
Balt. & Ohio pref. stock, $1,000,000 and com .; $1,048,700; Norf. & W est
G E N E R A L F IN A N C E S .— Of the traffic In 1911-12, 72% (21,206,052 pref. $500,000, and com ., $1,300,000; Erie A W . Transp. C o.stock,$500,000!
tons) was bituminous coal and coke; average rate per ton per mile, 0.424
ST O C K .— Penn. R R . on Jan. 1 1913 owned $10,577,200 of $19,343,244
cts.; train-load, 692 tons. In D ec. 1911 dividend rate was increased to 6 % .
outstanding stock. The auth. Issue was Increased In N ov. 1910 from
E A R N IN G S .— F or 10 m onths ending A pr. 30:
$20,000,000 to $27,737,050, to provide for the 40% stock dlv. ($7,737,050)
under proposed lease. V. 91, p. 1630.
\6 M os.—
Gross.
N et.
Other Inc. In t.,T a x.,& c. Dal., Surp.
$12,695,199 $1,259,875 $4,572,209 $9,382,865
DIV S.
1888 '89. '90. '91. '92. *93. 1894 to 1900. 1901 to July 1913
1 9 1 1 -1 2 -. 32,752,959
11,620,059
925,128
4.704,000
7,841.186
Per c e n t . . . . 7
8
8
7
8 9
7 yearly
*8 yearly (J .& j ,)
•Also Jan. 1907, 1 2 X % paid In stock ($2,149,169). V . 83, p. 471.
R E P O R T .— R eport for 1911-12 In V . 95, p . 676, 686 (see ed it., p. 652)
Year ending June 36—
1911-12.
1910-11.
1909-10.
E A R N IN G S .— 4 m o s .,(1 9 1 3 ________ Gross, $4,218,514; net, $70,525
2 ,0 1 8
2,004
Miles operated June 3 0 ..........
1,951
Jan. 1 to A pr. 30.
(1912________ Gross,
4,006,328; net,
71,919
Passenger earnings.................................... $4,342,452 $4,184,246 $3,924,890
R E P O R T .— For 1912, given at length in V. 96, p. 550, 572, showing;
Freight earnings...................................... 34,022,572 30.115.483 30,037,796
Year
end
Dec.
31—
1912.
1911.
1910.
1909.
Mall, express, & c.................................... 1,370,213
1.257,793
1,101,184
Gross earnings...............$12,844,716 $12,745,867 $12,798,628 $12,253,893
T otal gross earnings.............................$39,735,237 $35,557,522 $35,063,870 N ot earns, (over taxes). $1,442,444 $1,607,177 $1,583,138 $ 2 ,3261433
Operating e x p e n se s ................................ 25,669,430 22,958,280 21,046.759
IN C O M E A C C O U N T YEARS E N D IN G DEC. 31.
1912.
1911.
_
,
19121911.
T otal net ea rn in gs............................... $14,065,807 $12,599,242 $71
Oper. n c o m e .$ l,442.444 $1,607,318 Int. on b o n d s. $366,222
$369,257
T otal net Income ..................................$15,429,048 $13,901,688 $15
Other in com e. 1,488,176 1,488.789 Joint facil.& m is. 245,005
164,556
Interest on bonds, A o ._ .........
4 3 8 3 837
-------------4,792,867
D ividends, 8 % 1,547,400 1,547,400
Outside oper. net d ef......... ......
*
’ 20 409
T o t. net Inc.$2.930 , 6 2 0 $3,096,107
9.980.000
Taxes
......................... .................. I . 1,410.000
R ents.,oth.rds. $316,525 $392,457 T o ta ld e d u c's.$ 2 ,6 7 9 ,9 3 2 $2,778,043
1,320,000
,118,964
Separately oper. properties__________
108,053
Hire eq. b a l . .
204,780 304.373
169,213
--------- B alance, surp.
250,689
318,064
138,000
Dividends on preferred ( 4 % ) _____
919 668
919.668
919,668 — (V . 94, p. 550; V. 95, p. 680; V . 96, p . 63, 550, 572, 1089.)
Dividends on com m on..................... (514)4,668,438 (5)3,49 9 !l3 7 (5)3, 294,843
NORTHERN
NEW
BRUNSWICK
&
SEABOARD
RY.—
Extends
from
Betterments ............
1,372,065
2,597,109 3 573,598
iron mines of Canada Iron Corporation. L td ., near Bathurst, New Bruns
Mlso., rents, A c..........................................
119,945
17,251
219,948 w ick. Canada, to Nlplslqult Junction, on the Intercolonial Total mileage
proposed. 26 miles. Bonds auth , $390,000 at $15,000 per mile, guar, by
Balance, surplus..................................$2,426,634
$576,465 $1,117,056
Province of New Brunswick and Canada Iron C orporation.— (V 90, p.1491)
RAILWAY STOCKS AND BONDS
J une, 1913]
RAILWAY STOCKS AND BONDS
[Vol. xcyi.
J une, 1913.
RAILWAY STOCKS AND BONDS
94
KAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
Nor New Brunsw & Scab— 1st M g gu $390,000 a u th .
16.9
Northern o f New Jersey— Stock guar (see V 69, p 81)
Third m ortgage (now flrst) Interest guaranteed__ c
'2 i
Gen mtge 51,000,000 gold Int guar b y lease. Usm.c*
Northern Ohio— 1st M g ($15,000 p m) gu p & I ..C e .c*
162
Northern Pacific Ry— Stock 5250,000,000 authorized
St Paul & N P gen M land grant assum ed--C e.c*& r
182
do „
do
registered ..... ..........................
182
W ash & Columbia R iver 1st M gold assumed ..F .c *
163
New mortgages ot Northern Pacific Railway—
Prior lien M $130,000,000 gold land gr._B a.c*& r See z
General Hen M $190,000,000 gold land g r ..F .c * & r See z
St Paul-Duluth DIv pur m oney M $20,000,000-Q.c*
226
C B & Q coll tr M g (red since Jan '06 at 105) S.c* &r*
do
do
re g is te re d ________________ r*
Bonds Underlying St Paul & Duluth Div Mtge.
St Paul & Duluth first m ortgage assum ed_______ c*
Second m ortgage assum ed.......................... Ce.c*
T aylor’s F & L Sup 1st M s f not d ra w n __ Ce.c*
Duluth S L 1st M p & I sink fd not drawn ..C e .c *
Consol m tge assumed $5,000,000 g o ld __ M p.c*
Northern Pac Term Co— First M gold red at 110-F .c*
Northern Railway (Cal)— See Southern Pacific R R .
Northern Securities— Stock $3,954,000--------------------Northwestern Coal Ry— First M guar (end) g o ld .F .c*
Northwestern Pacific— Stock ($35 ,00 0 ,0 0 0)------------- F
Cal Northw 1st M g guar b y S F & N or P ac sink I d .
San Francisco & Nor Pacific 1st M gold s f.B a ,c * & r
Eel R iver & Eureka flrst m ortga ge— -------- -----------lst& ref M $35,000,000 g red 110 alt 10 y rs.F ,x c* & r
Northwestern RR of South Caro— First M $ 3 7 5 ,0 0 0 ..
Northw Term R y— 1st M gold guar p & 1 r e d .-.B a .c *
167
167
21
25
238
1910
1887
1900
1895
l'883
1883
1895
Par
Value
Amount
Outstanding
Rate
%
When
Payable
$500
$253,500
100
1.000.000
100 &c
654.000
1,000
154.000
1,000
2.500.000
100 248,000,000
1,000 ' 7,887,000
1,000
1,000
2.620.000
4 g
4
6
& J
Q— M
& J
& J
& O
Q— F
F & A
Q— F
J
& J
Jan
June
July
Jan
Oct
May
Feb
Feb
July
1 1940
1913 1%
1 1917
1 2000
1 1945
1 1913 1 %
1 1923
1 1923
1 1935
Q— F
& D
& J
Q— J
Jan
Jan
D ec
July
July
1 1997
1 2047
11996
1 1921
1 1921
do
do
do
do
do
do
do
do
A ug
Oct
Jan
Sept
June
Jan
1 1931
1 1917
1 1914
1 1916
1 1968
1 1933
do
do
do
do
do
do
do
do
500 &c a 109,152500
1896
500 &c b60,000,000
1896
1900
1,000
8,080,000
1901 1,0 0 0 & c T 107,613,500
1901 l.OOO&cj
1881
1887
1884
1886
1898
1883
[ V o l . X C V I.
1,000
1,000
1,000
1,000
1,000
1,000
1,000,000
2,000,000
210,000
500.000
1,000,000
3.250.000
6 g
6 g
4 g
4
3
4
4
4
J
J
J
A
g
g
g
g
g
J
J
5
5
6
5
4 g
6 g
F
A
J
M
J
J
100
3.954.000 See text. See
1893
1,000
M
121.000
5 g
399
100 35,000,000
40 1898
1,000
A
950.000
165 1889
1,000
J
3.718.000
5 g
1894
1.000
A
313.000
5
1907 1,000 &c 17,708,000
4H g M
66 1899
1,000
285.000
A
4
1906
1,000
J
2.025.000
5 g
&
&
&
&
&
&
A
O
J
S
D
J
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
Bk Br N Am .N Y.M on, &L
50 Church St, New York
do
do
do
do
Chase N at’l Bank, N Y
J P Morgan & Co, N Y
J P Morgan & Co, N Y
do
do
O ffice 34 Nassau St, N Y
text. Jan 10 ’ 13 2%
& N May 1 1923
&
&
&
&
&
&
O
J
O
S
O
J
Apr
Jan
Oct
Mch
A pr
July
11928
1 1919
1 1914
1 1957
1 1949
1 1926
p Berlin at 4.20 marks per dollar, z 5.130 miles, In cludln : 40 m lies not o perated; sp urs, 261 miles.
b8,82 1.500.
Of which In treasury June 30 1912: a $3,933,000.
NORTHERN R R. OF NEW J E R S E Y — Owns from C roxton. N . J .. to
SparkUl, N . Y ., 21 m .; leases SparklU to N yack, 5 m . Leased to the E rie
R R . from June 1 1899 for the term of Its corporate existence, for Interest
en bonds, 4 % on $1,000,000 stock, payable quarterly, taxes, and all cor
porate expenses. Of the $1,000,000 new 4 H % gen. mtge, bonds, $654,000
are reserved to retire 6s due July 1 1917. See V. 69, p. 81.— (V. 71, p. 30.)
NORTHERN R Y. COSTA R IC A .— See V 71. p. 1067. and United Fruit
Co. (V . 89. p. 470: V . 92, p. 527; V . 93. p .5 2 7 ; V . 94, p. 560; V . 95, p . 544.)
NORTHERN OHIO R A I L W A Y — (See M ap Lake Erie & Western.)—
Owns Akron to Delphos, O ., 162 miles. Leased for 999 years to L . E . & W .,
which guarantees bonds (V . 62, p. 826) and owns the $3,580,000 com m on
stock. Pref. non-cum . 5% stock, $650,000; par, $100. The m ortgage Is
for $4,000,000: of which $1,500,000 Is reserved for extensions at $15,000
per m ile. V . 66, p. 337.
NORTHERN PACIFIC R A IL W A Y .— (See M a p s.)— Operates one of the
leading lines to the Pacific, having Its eastern terminal at St. Paul, Minn.,
and Duluth. Minn, (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 farming country of W ashington to
Tacom a and Seattle and to Portland, Ore., with branches.
M ain Line—
Miles.
Leased to Others—
M iles.
Ashland, W Is., to Portland,
T o other com panies....................
44
Ore. (incl. 5 m. term inals)-.2,171 T o Province or M anitoba............ 355
Bralnerd and Staples to St
Not operated.................................
22
P a u l ...................................... 181
Other lines.......................- ............ 483
Total (Incl. 48 m. trackage) ..6 ,4 3 7
Controlled Properties—
T otal main lin e....... ...........— 2,835 Minn. & Intern. (V. 77. p. 451) 175
Various branches............ .............. 3,197 Other com panies........................... 115
T otal. Incl. 5 miles trackage
Total system June 30 1 91 2 ..6,74 2
(operated d ir e c t ly )............ 6,032 Second tra ck ....................... .......... 624
T he M anitoba 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 R y . at a rental of $210,000 annually for the flrst 10
years, then $225,000 for 10 years, then $275,000 for 10 years and thereafter
$300,000, with option of purchase any time for $7,000,000. V. 73, p. 610.
Owns join tly with Great Northern the stock of Spokane Portland & Se
attle R y ., extending from Portland to Spokane, W ash., with branches;
total, 556 miles; additional properties being acquired In 1911— see that co .;
see V. 81, p. 1101; V. 83. p. 1111; V. 86, p 1530. The Sp. Port. & Seattle
owns the Oregon Electric and United R ys. of Portland. V. 91, p. 1178.
In 1909 arranged for join t use of Co’s line, Tacom a to V ancouver, W ash.,
135 m .. with Gt. Nor. and Un. P ac.; V 88, p. 1373; V . 93. p. 1030.
In Deo. 1911 arranged with Chicago & North Western R y. for through
passenger service between Chicago and the Pacific coast. V. 95. p. 1130.
In 1912 the Midland R y . of Manitoba, form ed In the Joint Interest of the
com pany and the Great Northern, obtained trackage rights from the Cana
dian Northern R y . between Emerson, M an., and W innipeg, 68 miles, for
20 years, with provision for a term of 999 years. V . 95,p . 298, 1129.
H IS T O R Y .— This Wisconsin com pany on Sept. 1 1896 succeeded to the
railroads, land grant and other property of the Northern Pacific R R .,
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.
S T O C K .— Stockholders In 1907 subscribed for $93,000,000 new stock at
par, paid In Installments to 1909. V. 83, p. 1471, 1524; V. 84, p. 221.
D IV ID E N D S .— f ’04. ’05. *06. ’07. ’08. '09. '10. ’ l l . '12.
1913.
On com m on— ( % ) l 6J£ 7
7
7 *7
7
7
7 7 1H.1H,-,•AIso Dec. 1908, 11.26% from surplus of N. W . Im pt. Co. V. 87, p. 1238.
BO N D S.— A bstracts of the new prior lien and general Hen mortgages
of 1896 were In V. 63, p. 1012-1019, 1072.
P r i o r l i e n 4s purchasable with land sales at not exceeding 110
(but not subject to ca ll), not over $500,000 cash yearly to
be so applied. T otal Issue..............................................................$130,000,000
I s s u e d ....................................................... ................................ ............... 109,152,500
Issued, but purchased and canceled................................................
6,581,500
Reserved to retire St. Paul & N. P. and W est. R R . b o n d s -----7,260,000
For new construction, betterm ents, equipm ent, & c., under
carefully guarded provisions, but not exceeding $1,500,000
per annum. Originally $25,000,000— still h e l d ...................7,000,000
Ot the gen. Hen bonds, $130,000,000 are reserved to retire the prior lien 4s
T he S t. P a u l & D u l u t h D i v i s i o n m ortgage secures $20,000,000 purchase
m oney bond3 on the form er St. Paul & Duluth, ot which $9,215,000 were
Issued to acquire the road, $5,283,000 are reserved to retire existing St. P.
& D. bonds and the balance for Improvements to the property. V . 70, p.
1250; V . 71, p. 1167. The lands Included In the grant of the form er St. Paul
& Duluth are estimated to be worth about $4,000,000, and were not cov
ered by the old mtges. T hey 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 betterm ents. Improvements or additions to the m ort
gaged premises or equipment therefor. T o July 1912 $2,473,000 had been
thus purchased and canceled. V. 71, p. 1167: V. 72, p. 339.
L A N D G R A N T .— The land grant was 12,800 acres to the mile In the
States o f Minnesota and Oregon and 25,600 acres per mile In the (then)
Intermediate territories. Unsold on June 30 1912, 9,962,896 acres, v iz.:
Minnesota and No. D a kota . 2.3,0481 Id aho........................................ 414,185
W yom ing - - -------- -------------38,861 W ash in g ton ______________ 2,210,181
M o n t a n a ........................— 6,933,1181 O r e g o n ................................... .. 299,855
Sales in 1911-12. 154,286 acres. Consideration. $1,524,037.
F IN A N C E S .— In 1904 Nor. Pac. and Gt. Northern had acquired $107,
612,600 ot the $110,839,100 stock of Chic. Burl. & Quincy R R . In exchange
for their Joint 20-year 4 % gold bonds secured by the deposit of the stock In
trust, on the basis of $200 in bonds for each $100 stock. See circular,
V. 72. p. 871, 1034, 1135; V. 73, p. 294, 610: V. 85, p. 601.
E A R N IN G S .— 10 m o s .,/1912-13..G ross, $60,885,498; not, $24,097,708
July 1 to April 30. \ 1911 -1 2 ..Gross, 52,781.962; not, 21,442,216
R EPO RT.— For 1911-12 in V. 95, p. 887, 1114, 1127; edit., p. 1086.
Years ending June 30—
1911-12.
1910-11.
1909^10.
Average m iles...........................................
6,025
5,950
5,765
Freight earnings....................................... $43,793,521 $43,332,918 $48,758,736
17,278,813 21,333,313
Passenger earnings................................. 15.343.752
Other revenue from tra n sp orta tion .. 3,357,865
3.456,962 3,071,817
Revenuo other than tra n sp orta tion ..
928,808
844,139
761.960
T otal operating revenue......................$63,423,926 $64,912,832 $74,525,826
Operating incom e (o v e r ta x e s )............. $21,839,101 $22,328,077 $25,518,896
Other Incom e.............................................. 5,031,844
5,340,429 3,956,305
Gross Incom e..........................................$26,870,944 $27,668,506 $29,475,201
Rentals paid..............................................
$526,320
$501,149
$509,928
Interest on funded d e b t .......................... 6,680,810
6,605,090 6,669,014
Dividends on stock ( 7 % ) ........................ 17,360.000
17,360,000 17,360,000
Net surplus for year...............................$2,303,814
$3,082,267 $4,936,259
D IR E C T O R S .— A rthur C. James. George F. Baker, W illiam Sloane.
J. Plerpont Morgan J r ., Lewis Cass Ledyard, Howard Elliott, Charles Steele,
W illiam P. Clough, James N. Hill, Am os Tuck French, W m . S. T od ,
Thom as W . L am ont, Geo. F. Baker Jr., Payne W hitney. Grant B. Schley.
N ew York office, 34 Nassau St.— (V . 96, p. 286, 1098, 1702.)
N O R T H E R N P A C I F I C T E R M I N A L CO . O F O R E Q O N . — Owns terminals
on the W illam ette R iver, Ore., at Portland, East Portland and Albina,
comprising 270 acres land, 40 m. track, dock frontage 7.904 feet.
L E A S E .— Leased for 50 years from Jan. 1 1883 Jointly and severally to
Northern Pacific, Oregon R y. & Navigation and Oregbn & California, with
guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
In 1899 by new Nor. Pac. and Oregon R R . & Nav. V . 69, p. 230.
ST O C K .— Stock ($3,000,000) owned b y said three companies (40% b y
Oregon R y. & Nav. C o., 40% b y Nor. Pac. and 20% by Oregon & Cal.
R R .), and held by Central Trust Co. of New Y ork, to be delivered after
payments to the sinking fund, which Is to cancel the bonds.
B O N D S .— T he first m tge. is for $5,000,000; in Feb. 1913 $4,366,000
had been Issued, o f which $1,073,000 retired by sinking fund— drawings at
110 and int.— (V . 94, p. 208; V . 95, p. 176; V . 96. p. 203.)
N O R T H E R N S E C U R I T I E S C O .— In 1904 the U. S. Supremo Court d e
clared the com pany to b e a com bination In violation of the Anti-Trust A ct,
and 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 at $100, representing
the remaining assets In the treasury, pending com pletion o f dissolution.
V . 78, p. 1223, 1275, 1392. R eport for cal. year 1912 was in V . 96. p. 198.
D IV ID E N D S .— On stock as reduced 5 % yearly 1906 to 1908; 1909,
Jan ., 4 % ; 1910, Jan., 2 )4 % ; 1911, Jan ., 4 % ; 1912, Jan ., 3 % ; 1913.
Jan ., 2 % . V. 93, p. 1600.
O F F IC E R S .— Pres., James J. H ill; Sec. and T rcas., E. T . Nichols; Gen.
Counsel, W . P.Clough. Office, 26 Liberty S t., N Y .— (V . 96, p. 198.)
N O R T H W E S T E R N . — Se e
Chicago & Nor th W e s te r n R y .
NORTHWESTERN COAL R Y . — Allouez B ay. W Is., to Alloucz Jet., W Is.,
2.53 miles, with coal wharf covering about 80 acres of land. V . 71, p. 698.
Owned b y the Pittsburgh Coal C o., which guarantees the bonds. See
official statem ent. V . 71. p. 698. Capital stock, $1,000,000. For year
ending Juno 30 1912. eross, S29.125: net, $8 443: other Income, $23,583;
int., taxes. &o., $39,939: baL, def. for year, $7,910.— (V . 71, p. 698.)
N O R T H W E S T E R N P A C I F I C R R . — [See M ap Atch. Top. & 3 . F .)—.
Operates a system extending from Point Tlburon and Sausallto, Cal.
(whence ferry to San Francisco, 6 H m iles). northerly to Eureka, with
branches, 401 miles In all. Incorp. Jan. 8 1907 In the Interest of Southern
Pac. and A tch . T o p . & San. Fe, which each owns $17,500,000 stock, and
took over by consolidation thq Cal. & N. W . , the San Fran. & N or. Pac.,
North Shore R R ., San Fran. & Northwestern. Eureka & Klamath River
and Fort Bragg & Southeastern. A connecting lino of 106 miles to be built
from W llllts to Shively, of which 57 miles com pleted and remainder to be
in 1913. V . 95, p. I l l ; V . 96, p. 1489.
B O N D S.— San Fran. & N orth. Pac. 5s Issued at $25,000 per mile; s. f..
$25,000 yrly.; bonds drawn at 110 and Int. (m tge. abstract, V . 49. p. 241.)
Of the flrst and refunding 4 Ms of 1907 ($35,000,000 a u th .), $17,708,000
was outstanding Juno 1913, all owned b y Southern Pacific; the mortgage
reserved $6,676,000 to retire a like amount of underlying bonds, $5,000,000
for Improvements and equip, and $13,324,000 for branches or extensions,
incl. one from Shively to W lllets and from W ondling to connection with line
from U k lah to Tlburon and Sausalito. V. 84, p. 221, 694; V . 85, p . 222;
E A it&'IN GS".— 10 m os., (1912-13____ Gross, $3,028,684; not, $894,108
July 1 to April 30. \1911-12____ Gross, 2,870,724; not, 783.427
For 10 m os. ending April 30 1913, gross, $3,028,684; not, after taxes,
$767,376: other Income, $86,711: fixed charges, $533,429; bal., Rur.,
$320,658. Year ending Juno 30 1912, gross, $3,499,099; net, $792,306;
other Income, $100,463: fixed charges. $631,703; b al., sur., $261,066. In
1911-12, gross. $3,369,959; net, $734,100.— (V . 96, p. 1489, 1773.)
N O R T H W E S T E R N R R . O F S O U T H C A R O L I N A . — (See M ap Atlantic
Coast L in e.)— 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
1 9 0 9 ,4 % ; 1 9 1 0 ,5 % ; 1911 and 1912, 6 % . Year 1911-12, gross, $123,678;
not, $43,524; other incom e, $2,294: Int., rentals, A c ., $23,207; bal., sur.,
$22,611. In 1910-11, gross, $129,920; not, $44,523: otlior incom e, $1,972.
N O R T H W E S T E R N T E R M I N A L R Y . — Owns terminals covering 36 acres
at Denver and 54 acres of right o f 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,
whose successor, the Donver & Salt Lake R R ., owns tho $3,000,000 stock
and has assumed the guaranty o f tho bonds, prin. and Int. Bonds ($3,000,-
RAILWAY STOCKS AND BONDS
J u n e , Ll)33.|
R A IL R O A D C O M P A N IE S
[For abbreviations, & c., see notes on first page]
M iles Date
Road Bonds
_
Norwich & W orcester— Preferred stock 8 % ren tal__
72
Bonds (not mtge) lnt guar under lease, cu rrency, cA r
___
Norwood & St L— IstM $300,000 g red 110 since ’ 12Eq
7M
Ocean Shore RR— 1st M $700,000 red p a r ................US
53 Vi
Ogden Mine R R — Stock (5% rental Central of N J)__
10
O zdcnsburg & Lake Champlain R y— See R utland R R
Ohio Conn R y— 1st M $2,000,000 g g u p 4 l(tex t)F .c*
9]
Ohio & K entucky— 1st M gold sk fd call at U O -.C e.o*
26
15-year debenture certificates
Ohio & Little Kanawha R y— First M gold red 105 CK
80
Ohio River— See Baltimore A Ohio
Ohio River & W estern— First mtgo $600,000 g old „_F
111
O il B e lt R y— 1st M $2,500,000 g s f rod text____
25
Oklahoma Central— R eceivers’ certlfs $600,000 auth__
First m ortgage $10,000,000 redeemable (te x t)____
132
Old Colony— Stock 7 % guaranteed b y rental____ c*
Bonds not m ortgage................... ........
r
Bonds not m ortgage (auth $3,000,000) gold".*"o"*'&r
Bonds not m o rtg a g e _______________________ _ c &r
Bonds not m o rtg a g e
o&r
Opelousas 0 & N E— 1st M $5,000,000 g *ru('text)T. Ba
57
Oregon & Cal— 1st M g drawn at 100 g u p 4 1 -U n.o*
670
Oregon Short Line R R — First m tge (R y Co) g o ld ._ c »
600
Utah A North 1st M ext In 1908 (V 86. p 1410) - .o *
477
Cons M gu $15,000 p m s f not drawn gold .A B .c*
477
Cons 1st M $36,500,000 gold (1st M on 400 m) _G .o‘ 1,479
R ef M $100,000,000 g gu p & I red (text) .-E q .o * Ar
___
in com e bonds Series A 5 % non-cum ulatlve______ OB
___
do
Series B non-cuinulatlve__________ G
First & cons M $150,000,000 g red t e x t .-C c ^ c * Ar*
x Am ounts
1897
1902
1913
—
1903
1896
1899
1900
Par
Value
Amount
Outstanding
Rate
%
$100
1,000
500 Ac
1 000
100
$3,000,000
1,200,000
300,000
See text
450,000
8
4
5 g
6
5
M
A
J
J
1,000
1,000
2,000,000
250,000
175,000
228,000
4 g
5 g
5
5 g
M
J
J
M
1,000
600.000
4 g
5 g
300,000
556,000
6
5 g
3,180,000
1,000
7
100 22,294,000
4,000,000
4
1,000
1888
4 g
3.000.000
1894 1,000 A c
4
5,598,000
1895 1,000 Ac
1,000,000
1902 1,000 Ac
3Vi
1,143,000
5 g
1906
1,000
5 g
1887
1,000 17,745,000
1882
14,931.000
6 g
1 .0 0 0
4,991,000
4 (7)
1878
1,000
1,802,000
5 g
1886
1,000
6 g
1897
500 Ac 12,328.000
1904 1,000 Ac See text
4 g
x295,500 5 % In S
1897
500 Ac
1897
500 Ac
X25.000 4 In 1912
1910 1,000 AO See text
1903
1913
1908
1905
1,000
100 A c
95
When
Payable
Last Dividend
and M aturity
Q— J July
& $ Mch
A 0 A pr
A D Dec
A J July
A
A
A
A
S Sept
J July
D June
S Mch
M A s Sept
J & J Jan
M A N15 N ov
J
A D Dec
Q— J July
J A J Jan
F A A Feb
J
A D Dec
J A J July
M A s Mch
J
A J July
F A A Feb
A J July
J
J
A J July
J
A J July
J A D Dec
ept 1912 July
Oct
July
J A D Deo
Dividends are Payable
1 1913 2% Mech Nat B k, W orcester
11927
C om pany’s office, Boston
1 1932
City Nat B k, W atert.N Y
11916
Union T r Co, San Fran
1913 2 Vi% 608 Chestnut St, Phlla
1
1
1
1
1943
1926
1914
1950
1 1953
1 1943
15 1914
11945
1 1913 1H
1 1938
1 1924
1 1925
1 1932
11956
1 1927
1 1922
1 1933
1 1926
1 1946
11929
1 1946
1 1946
1 1960
Farmers’ L 4 T r Co, N Y
1 Broadway, New York
Colum b K nlck Tr C o,N Y
H am bleton A Co, Balt
F t Dearb T r & S B , C hic
F J Lisman A Co, N Y
In default
Treasurer’s Office, Bost
do
do
do
do
do
do
do
do
Bankers Trust Co, N Y
Southern Pacific Co, N Y
165 B roadw ay, New York
do
do
do
do
do
do
do
do
do
do
do
do
held b y publlo.
000 auth. issuo) arc redeemable from July 1 1911 to July 1 1916 at 105 and
ln t.; thereafter at 102 Vi. V . 89, p. 994; V . 90, p. 503. D enver Laramie
& N . W . also uses facilities.— (V. 90, p . 503.)
N O R W I C H & W O R C E S T E R R R . — Owns from Groton, C onn., to W or
cester, Mass., 71.04 miles. Leased to New England R R . for 99 years from
Feb. 1 1809 (now N . Y . N . H . A H .); rental 8 % on pref. stock.— V .70.P .125.
NORW OOD’ S; ST. LAWRENCE R R — N orw ood to W addlngton, N . Y .,
20 miles, Incl. extension, 13 m ., opened July 1909. Stock, $100,000; par
o f shares, $100. Bonds a resu b joct to call at 110 since April 1 1912. V . 95,
p. 1542. Year ending June 30 1912, gross, $101,411; net, $41,166; ln t.,
taxes, A c ., $25,536; dlvs. (5 % ), $10,417; bal., sur., $5,212. In 1910-11,
gross, $104,493. Pres, and Treas., C . R . Rem ington, W atertow n, N . Y .;
M . D . Bennett, Supt.; C . O. Barnes, A u d ., N orfolk, N .Y .; Francis M .H u go ,
S ec., Gen. Frt. & Pass. A gt.— (V . 74, p. 1090' V . 95, p. 1542.)
O C E A N S H O R E R R . , C A L I F O R N I A . — Owns partly constructed road,
double-track, to extend from San Francisco, Cal., to Santa Cruz, 80 miles,
o f which 38 miles south from San Francisco and 15 Vi north from Santa Cruz
Is com pleted, leaving gap of 26 Vi miles. Incorporated Oct. 9 1911 as suc
cessor of Railway Co. foreclosed Jan. 17 1911. Stock, $5,000,000. given
to bondholders o f old co . In exchange for their securities. An assessment
o f $10 per share, which produced $388,000, was levied and all debt paid o ff.
In April 1913 an application to issuo $700,000 1st 6s as security for a $250,
000 loan for im provem ents was denied and an assessment o f $2 50 per sharo
was levied for the purposo. V .9 6 , p . 1229. An assessment o f $10 per share,
which produced $388,000, was levied, and all debt paid o ff. Earnings for
cal. year 1912 wore: Gross, $272,162; net, $47,188; deductions, $28,406: bal.,
sur., $18,782. Pres., F . W . Bradley; V .-P . & G en. M g r., Alfred Williams;
Sec. & T reas., J. W . C rosby. O ffice, 52 11th S t., San Francisco, C al.—•
(V . 96, p. 1229.
O G D E N M I N E R R . — Owns Nolan’s Point (Lake H opatcong) to Sparta
(or Ogden Mine), N . J ., 10 miles. Leased for 999 years from Jan. 1 1882
to Central R R . o f N . J. for 5% per ann. on stock and $500 yrly. for org. e x p .
O H I O C O N N E C T I N G R Y . — Owns bridge over Ohio R iver near Pitts
burgh, Pa., and approaches, 9.07 miles. Leased from O ct. 20 1890 for no
definite time to Pitts. Clncln. Chic. A St. Louis R y .; rental, net earnings.
Stock Increased In Deo. 1902 from $1,000,000 to $2,000,000, In $50 shares.
Bonds are guaranteed as to principal and Interest by endorsem ent by Penn,
sylvanla Company, which on Jan. 1 1913 owned the entire stock. Form o f
guaranty, V . 81, p. 669. Dlvs. In 1906, 5 % ; 1907 to 1912, 7 % . F or cal.
year 1912. gross, $430,621; net, $353,616; other incom e, $73,308; charges.
$79,987: d lv. (7 % ), $140,000; sink, fd ., $995, bridgerenowal fund, $200,000:
bal., surp., $5,942.— (V . 82, p . 752.)
O H I O & K E N T U C K Y R Y . — Owns from L ex. A East. R y . at Jackson,
K y .. to Malone, 39 m ., lnol. 7 m. from Cannel City to Malone, opened June 1
1911, and 6 m . from Malone to Licking R iver, com pleted Jan. 1912. Com
mon stock, $200,000; pref. stock, $100,000. 1st M. bonds are guaranteed
b y Kentucky Block Cannel Coal Co. Year ending June 30 1912, gross,
$81,877; net, $16,444; ln t., taxes, A c ., $27,819; bal., d ef.,$11.375. In
1910-11, gross. $96,002; not. $24,862; ln t., taxes, A c .. $26,918; d e f., $2,056.
Pros., W . deL. W albridgo, 1 Broadway, N ow Y ork.
OHIO & LITTLE K AN AW H A R Y .— Zanesville. O .. to Marietta. A c..
80 miles. V . 6 9 .p . 907. Balt. A Ohio has pledged under Its Pitts. L . E . A
W est Va. m tge. $585,000 com m on and $824,000 pref. stook. V. 73, p.1264.
S tock: Comm on, $918,000; pref., $1,167,500. Year 1911-12. gross, $303.
193; net, $24,931; other Income, $1,201; charges, $37,513.— (V . 73, p. 1264.)
O H I O R I V E R & W E S T E R N R Y . — Owns Dcllalrc, O .. to Mill R un, O .,
I l l miles; narrow-gauge trackage to Zanesville, 1 mile.
Pennsylvania C om pany In M arch 1912 acquired practically all o f tho
stock ($652,600) and all o f tho bonds. V . 94, p. 983.
In year ending Juno 30 1912, gross, $192,332; net, $39,402; ln t., taxes,
& c., $36,995; bal., sur., $2,408. In 1910-11, gross, $188,611; not. $34,325.
Pres., Edward U. T aylor, Pittsburgh, P a .— (V . 94, p. 983.)
O I L B E L T R Y . — Owns Bridgeport to O blong. 111., 25 miles, and Is being
extended 80 miles, making a total o f 105 miles from Charleston to M t.
Carm el, 111. Incorp. In Illinois In 1910. Stock auth., $2,600,000; out
standing, $125,000; par, $100. Bonds ($2,500,000 auth. issue; Fort Dear
born Trust A Savings B ank, Chicago, trusteo), o f which $300,000 cover first
25 miles; futuro issuos limited to $25,000 per mile, com pleted, Incl. equip
ment; $400,000 reserved for not exceeding 90% o f cost o f Im provem ents,
provided not earnings are twice lnt. charges. R ed. at 105 on and after Jan. 1
1918, after which sink, fund o f 1% yearly o f all bonds Issued. V . 96. p. 286.
P res., W . E Finley; S oc.-Treas., T . M . M oon ey . O ffice, B ridgeport, 111.
— (V . 96, p . 286.)
O K L A H O M A C E N T R A L R R .— Owns Lehigh, Okla.. to Chiokasha, 128.45
m .; branoh, 1.92 m .; leases Ada Terminal, 1.86 m .; Chiokasha Terminal,
3.44 m .; total, 135.6/ miles. June 2 1908 Asa E . Ram say was appointed
receiver. V . 86, p. 1344, 1410 Of $600,000 receivers’ certificates author
ized, 356,000 were sold In Sept. 1912, V . 93. p. 1424. In April 1910 a ma
jority o f the bonds had been deposited with a com m ittee, F. J. Lisman,
Chairman (Columbia Trust C o., N. Y ., depositary), V. 87, p. 1160. On
M arch 30 1912 sale was ordered. Sale set for O ct. 9 1913. V . 94,
p. 1057. Stook (par of shares $100), $3,193,500. W estern Trust A Savings
B ank, Chicago, mortgage trustee. V . 82, p . 752. For year ending June 30
1912, gross, $259,545; net, $21,104; taxes. $19,556: other incom e, $651;
ln t., $29,854; rentals and hire of equipm ent, $10,986: b al., d ef., $38,532.
— (V . 93, p. 1324; V. 94. p. 1057; V. 95, p . 818; V . 96, p. 1089.)
O L D C O L O N Y R R . ( M A S S . ) — Owns road from Boston to Provlncetown,
Mass.. N ewport, R . I., A o., 533 miles; leases 101 miles
In June 1907 a
bill was passed permitting purchase of Boston A Providence (leased line).
L E A S E .— In 1893 leased to New York New Haven A Hartford for 99
years. Of the stook, $8,682,900 was on June 30 1912 held b y the lessee.
The lease provides for dividends of 7% per annum on stock not exchanged.
V. 76, p. 247. 374; V. 93, p. 1726, 1789; V. 94, p. 68. Tho stockholders on
Sept. 24 1912 authorized tho Issuo o f $800,000 additional stock, o f which
$630,000 sold at auction Jan. 1913. F. 95. p. 680, 818— (V . 96. p. 286.)
O P E L O U S A S G U L F & N O R T H E A S T E R N R R . — Owns 57 miles from
Melville to Crowley, opened Oct. 2 1907. Stock authorized, $2,000,000
o f which T e x . A Pac. owns $1,400,000; par of shares, $25
Bonds author
ized, $20,000 per mile; will be guar, b y T ex. A Pac. as Issued
The $1,143,
000 bonds issued aro all owned b y the T ox. A Pac. V . 82, p. 98; V . 83 d .
688; V . 86, p. 792. Sec., P . B . B ert, Opelousas, La. N . Y . office , 165
B roadw ay.— (V . 85, p. 922.)
OREGON & CALIFO RN IA R R .— (See M ap Southern P a c.)— P ortland,
Ore., to California State line, 367 m .; A lbany Jet. to Lebanon, 11 m .; Port
land to Corvallis, 96 m .; W oodburn to Natron, 95 m .; Portland, O re., to
A lrlcc, Ore., a<nd branch, 81 m .; Mohawk Jet. to W endllng, 16 m .; Spring
field to Springfield Jet., 1 m .; leases 11 m .; treakage, 1 m; total, 677 miles.
L E A S E , A c.— Leased to Southern Pacific Co. for 34 years from A u g. 1
1893, the lessee guaranteeing lnt. on the bonds and the lessor receiving any
net profit and being charged with any deficit after paym ent o f charges.
Betterments are payable b y lessor. South. Pac. owns all but $48,000 of
the $19,000,000 stock, $12,000,000 of which is 7% pref. V . 72. p. 287. Due
So. Pac. June 30 1912, $3,178,
@FedFRASER