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OF TIIK
COMMERCIAL
&
flNANClAL QHRON1CLE.
189O.
31,
VOLUME
WILLIAM
102
!lr
B.
DANA
WILLIAM
L
.
& CO, PUBLISHERS,
ST,-';KKT,
\\-.\\
YORK.
!
The
IP
1
k.
1
t
Investors'
Supplement
is
issued once in two months,
viz.,
on the last Saturday of
September and November, and one copy of each issue
Extra copies are sold to subscribers
every subscriber of the CHRONICLE.
January, March, May, July,
is
furnished to
of
the
CHRONICLE
at 50 cents each, or to others than subscribers at $i per copy.
[Entered according to Act of Congress to toe year 1890, by
WM.
B.
DANA i
<
'(Bee of
the Librarian of
'A'ashln^OTi
CHRYSTIE & JANNEY,
Wall Street,
NEW YORK.
6
Traasact a general banking business.
Receive deposits subject to check at sight.
Allow interest on daily balances.
and
Municipal securities.
Deal in railroad bonds, and State, County
States and Canada.
and
coupons throughout the United
Make collection of drafts, notes, dividends
same when desir
on
advances
liberal
make
and
of
bullion,
Give special attention to consignments
VERMILYE &
16
&
18
Nassau
Street,
CO.
New
York.
AND BOSTON
ALL SECURITIES LISTED AT THE NEW YORK. PHILADELPHIA
>N.
COMMISS1
ON
SOLD
STOCK EXCHANGES BOUGHT AND
ON BALANCES, SUBJECT TO
DEPOSITS RECEIVED AND INTEREST ALLOWED
DRAFTS AT SIGHT.
GOVERNMENT, CITY
FOR
AND RAILROAD BONDS, AND OTHER CHOICE INVESTMENTS,
AND ON HAND FOR IMMEDIATE DELIVERY.
SAMUEL
&
DAVIS
KERS,
D.
13
44 "Wall
A
SALE
CO.,
IS
Street,
3ST.
MEMBERS NEW YORK STOCK EXCHANGE.
INVESTMENT SECURITIES A SPECIALTY.
INTEREST
SAMUEL
D.
ALLOWED ON DEPOSITS SUBJECT TO SIGHT DRAFT.
CHARLES B. VAN NOSTRA^D.
^ n ^ ts
AVIS^ w
^
ROBERT
D.
FARLEE.
jfsTFARLEE & BROTHER
ISO.
7-
NEW YORK.
P.O. Box 1466.
Brokers and Dealers
in
Investment Bonds and Stocks.
STATE, MUNICIPAL,
AND APPROVED
BONDS,
RAILROAD
TO
FROM
PAYING
On hand
for
4
Immediate Delivery, suitable
Conservative Investors.
6
for
PER CENT,
Savings
Banks,
Correspondence
Trust Funds
Solicited.
and
other
OF THE
QOMMERCIAL &
CKntered according to tct of ConirreM, In the
VOL.
YORK,
MAY
31,
INVESTORS' SUPPLEMENT.
WILLIA.II B.
DANA *
102 William
Kea
York.
.Vie!
A Danville
Baltimore A Ohio
Buffalo Rochester A Pittsburg
Cape Fear A Yadkln Valley
Cape Glrarcleau Southwestern
Central KK. A Banking Co. of Georgia
Central Now England & Western
Central RR. of New Jersey
Charleston Cincinnati A Chicago
Chesapeake A Ohio
ChicagJ Burlington A Qulncy
Chicago Milwaukee A bt. Paul
Chicago A Northwestern
Chicago Rock Island A Pacific...
Chicago St. Paul A Kansas City
Cincinnati Hamilton A Dayton
Cincinnati New Orleans A Texas Pacific..!
Cleveland Cincinnati Chicago A St. Louis
Colorado Coal A Iron Company
Colorado Midland
Columbus Shawnee A Hocking
Delaware A Hudson Canal Co.'s Lines
Delaware Lackawanna A Western...
Denver A Rio Grande
East Tennessee Virginia A Georgia
Evansvillo A Terre Haute
Flint A Pere Marquette
Georgia Carolina A Northern
Georgia Southern A Florida
Atlantic
PAOB.
14
17 and 18
!!!!
26
"
39
47
43
49
151
51
53
54
..
"
60
"
63
Central
Iowa Central
Jacksonville
'.".'.'.'.'."'.'.'.'.'.'."
Tampa A Key West
Kentucky Union
Lake Erie A Western
" 74
,
"
Lehlgh Valley
Louisville A Nashville
Louisville New Orleans
Texas.............
Louisville St. Louis A Texas
Marietta
"
A
A North Georgia
A Western.
73
73
80
82
"
84
Mexican Central
Mexican National
Milwaukee Lake Shore A Western!!.!
Milwaukee A Northern
Minneapolis St. Paul Be S. Ste Marie
Missouri Kansas A Texas
Mobile A Ohio
Monterey A Mexican Gulf
Nashville Chattanooga A St. Louis
New York Ontario A Western
New York Suequehazina A Western
Norfolk
"
gg
'
90
.
92
93
"
99
'"lOl
'"l03
1 05
..
110
Pennsylvania
Pennsylvania Poughkeepsie A Boston.!.
Pittsburg A Western
Ponghkeepsie Bridge. See Central New England* Western!!!
Richmond A West Point Terminal
Rio Grande Western
St. Louis Alton A Terro Hau;e
Bt. Louis A San Fnincisco
Ban Antonio A Aransas Pass
.
!!
30
118
124
1 oo
128
.
"I.!!"."!
!!l29
130
southern Pacific Company
'1x2
Tennessee Coal A Iron...'
Tennessee Mdland...
Terre Haute A Peoria ...
Texas A Pacitio
Toledo Ann Arbor A North Mich
Toledo A Ohio Central
ErtllBion"I."I"I"IIIJII".";ii;i;i"""I"l38
INDEX TO RAILROAD MORTGAGES.
Atcliisnn Topelt a
2dM
& Santa Fe. Old mortgaged.
Western
div.
Gs/dne Sept.
D. C.I
1800.
A
<Vntr:tl Pacific KK. M. (is, duo Oct. 1, 1S30
Chesapeake A Ohio Ry, 1st M. 6s, due July 1, 1908
2dM. re, duo July 1, 1918
1st M. Peninsula ext. Gs, duo Jan. 1. 1911
1-1 M.
extent-ins, (is, ilue June l, 1922
Istconsol. M. 5s. due May 1. 1939
Chic. Buil. sni. Vebraslra ext. 4a. due Mov 1,1927...
C.U.4Sr..P.Ry.lstM.,Cbio.AL.Sui) rdiv. Ss.'diieJuly 1.IU21
1st M. Chic. A Milwaukee div. 7s. due Jn. 1, 19O3..
1st M. Chic. A Mo. River dlv. 5s, due July 1, 1920...
IstM. Cule. A Pacific KR. tin, 4u Jan. 1, 1910
1st M. Chic. A Pao. West. dlv. 5s, duo Jan. 1, 1921
Cong. M. 7, due July 1, 1905
IttM. Dak. ,t (it. South. Ky. 5s. due Jan. 1, 1910...
IstM. Dubuque div. til, due Julv 1, l!i-0
1st M. Fargo A Southern Ry. 6s. due Jan, 1. 1921
1st M. Hastings A Dak. exten. 7s, dne Jan. 1IUO...
IstM. Iowa A Dakota div. 7e, due July 1, 19<H
1st M. Ijerosae A Davenport dlv. 5s, ilue July 1 1910.
1st M. Mineral Point div. ?s. due July 1, 1910 ...
IstM. River division 7s, due Jan. 1, 19O2
1st M. Southern Minn. dlv. G*. due Jan. 1, 1910
Terminal M. 5s, due July 1, 11)14.
1st M. Western Union KR. Os, due July 1, 1909...
1st M. Wlscon. A Minn. iilv. :>s, due July 1, 1921
1st M. Wiscou. Valley div. Os, due July 1, 192J
General M. 4s of 1889, due 1989
C. Rock J. &Pao.lstM.,C.Kan.AXeb.Ky.Gn.dii<> July 1,1931..
IstM. Exten. A Collar. 5-, due July 1, 1934...
1st M. St. Joseph A Iowa KK. Gs, d'ue July 1, 1935
IstM. Wis. Minn. A Pac. Ry. 6s, due Oct. 1, 1934
Clncin. Jackson A Mack'w 1st Con. M. 5s, due D,*. 1, 1936.
Colorado Midland Ry. 1st M. Os, ilue June 1, 1K30. . .
Denver A Rio Grande 1st Con. SI. 4s, due Jan. 1, 1936
,
Improvement M. 5s, due June 1, 1928
Duluth South Shore A At. Ky. 1st M, 5s, due Jan. 1 1 937
Fort Worth A Denver Citi Ry. 1st M. 6s, dueDic. 1,1921
Georgia Car. ANorth'n R'y IgtM. 5, due July 1, 1929...
Iowa Central 1st M. 5s of 1888, due 1938
Kan. City Memphis A Birm. 1st M. 5s, due Mar. 1, 1927,
,
.
.
Kansas City Springfield A Memphis
>...
Kentucky Central Ky. 1st M. 4g, due July 1, 1987 .
Kings County Kiev. R'y 1st M. 5s, due Jan. 1, 1925...
Lake Erie A Western, 1st M. 5s, due Jan. 1, 1937
LouUv. E. ASt.L. Con.RR. 1st Con. M. 5s, due July. 1, 1939
Louisville Southern RR. 1st M. 6s, due Mar^h 1, 1917
Lease to Ixml New Albany A Chicago
Mexican Cent. R'y Consol. Mortgages, due 1911 nnd 1939.
575
.
Northern Pacific
Pacific Short Line
Savannah Amerims A Montgomery.
Scioto Valley A New England
Seattle Lake Shore A Eastern
Wumorton,
1
30
Great Northern
Illinois
of CoocreM,
Pao. RR.Igt M. Central dlv. 6s, due March 1. 1922
Baltimore A Ohio KK. Coinol. M. 5s, doe Feb. 1, 1988.
Brooklyn Elevated Un, El. 1st M. eg of 18S7, due 1937..
Brooklyn Klevated Union El. gerund M. of 1887, <1nel!H:7
< vmral
KK. A Bk.Co. of Ga. Col. Tru-,1 M, due May 1, 1937
Central KK, Co. of N. J. Gen. M. 5>, due July 1, li87
All.
RAILROAD MAPS IN THE SUPPLEMENT.
MAP.
Alabama Midland
Atchison Topeka A Santa Fe
Ubrmrun
TO KAII.RUAI) HOftTUAOU (COSCLUDKD).
CO., Publishers,
Street.
CHRONICLE.
yr 180, by W*. B. Dt* * Co.. In tba offlc* of tbg
NEW
50.
f 1NANCIAL
.
VOL. PACK.
V
9
546
.
241
241
85?
302
302
l!
1907
1, iW.'.Y."
Ineoiue M. Western dlv. Os, due Oct.
^
49
304
>.
M. St.P.AS.Ste.MarioRy. 1st cons. M. 5>,due July 1,1938
1st M. Minn. S. Ste. Marie A Atl.Ry.Ss.duo Jan,l,1926~
Mo.Kan. A Texas Ry. Geul. Cong. M. Os. due Dee. 1, 192 J
Igt M. L. G. 7s, due 1W04-1906
Missouri Pacific Ry. 1st C.ins. M. 69. due Nov. 1, 1920..!
Mobile A Birmingham Ry. 1st M. 5s, due Jan. 1, 1937...
Mobile A Ohio KK. Genl. M. 4, due 8ept,
1938 .. .
New York Chicago A Sr. Louis 1st M. 4s, due Oct. 1, 1937
N. Y. Ontario A West R'y Cons, let M. 5s. due June 1, 1939
Norfolk A Western 1st M. Clinch Val. 5s, due June 1, 1957.
One hundred years mortgage 5s, due Jan. 1, 1990. ..
Northern Pacific 3rd M. Os, due Dec. 1, 1937
Duluth A Maul! oba IstM. Dak. EX.OS, due June 1, 1937
Consol. mortgage of 189O. due 1989
Omaha A St. Louis Ry. IgtM. 4s, due Jan. 1, 1937
Oregon Pacific RR. 1st M. Os, dne Oct. 1,1900
1'eoria A Eastern O Ind. AWest.lfitM.5v,dncApr. 1, 1938
Philadelphia A Reading Genl. M. 4s, due Jan. 1, 1958. .
IStPrcf. Inc. M. 59, due Jan. 1, 1958
2d Pref. Inc. M. 5s, due Jan. 1, 1958...
3d Pref. Inc. M. 5s, due Jan. 1, 1958
Pittsburg A Western Ky. 1st M. 4s, due July 1, 1917
Poughkoepsie Bridge Co. 1st *f. 6s, due Aug. 1, 1936
Richmond A W. 1'. Ter. Co. Col. Tm-t 6e, due Feb. 1, 1897
Consol. Igt collateral M. 5s, due March 1, 1914
Rio Grande West. R'y 1st M. 4s, duo July 1, 1939
St. Louis Ark. A Texas Ry IstM. Os, due May 1, 1936
2d M. 6s, due May 1, l8fi
St. P. M. AM. Ry. IstM. Mon. Ext., 4s, due June 1, 1937..
San Ant. A Arau. Ky. 1st M., on ext., (is, due July 1.1920.
Ban Fran. A Nc rtnPao. U'v 1st M. 5s, due Jan. 1, 19 1
Savannah A West. KK. 1st Cons. M. f s. due March 1, 1929
Southern I'ac-itlc gen. M. 5s of 1838, due 19.H
Texaa A Pacific Ry. 1st M. 5s, due June 1, 2000
2nd M. 5-, dneDec. 1,2000
Toledo Poorin.t West. Kv. 1-t M. 4s, ilue July 1, 1!>17
Toledo S. L. A Kan. City Ky. 1-t M. 6s, due June 1, li'lrt....
Viraiiiirt Midland liy. Genl. M. 5s. due May 1. lsyc
Wabash RR. IstM. os, nun May 1, 1939
2d M. 5s, due Feb. 1, 1939
Deb. M. Os, due July 1, 1939
Western N. Y. A Penn. Ry. 1st M. 5s. dne .fan. 1, 1937
2nd M. 3 to 4 for cent, due Out. 1, 1927
West Shore 1st M. 4s of 1885, due 231
1
.
,
142
INVESTORS'
SUPPLEMENT.
for
THE MOVEMENT IN SECURITIES.
[VOL. L.
an advance which did not come.
Those who have
read the letters sent from Europe by onr
London
cor-
how he insisted for many
The lute rise in values at the Stock Exchange has respondent will recollect
in
belief
the
months
that
movements
prices was very strong
of
higher
and
general
been one of the most distinct
was disposed to aid in
that
this
other
of
on
the
causes
side,
Europe
the
large
for
In seeking
recent years.
and the change in sentiment any attempt to establish a rise, but that it would not
in
improvement
prices
(
that there are 'take the initiative the movement must come from
that has apparently gone with it, we find
reaction after the long this side.
first, a natural
chiefly two
The situation then at the time the present movein which values went too low ; and
period of repression
will
ment
that
belief
Congress
began was this For a period of fifteen months or
secondly, the quite general
either
the belief in higher prices, both in the United
more
by
make an increase in the circulating medium,
or
and Europe, had been steadily gaining ground,
States
bills
silver
by
already proposed
means of one of the
:
and the conditions as to traffic and earnings encouraged
other methods not yet formulated.
Thus, a large body of
there came a period of and strengthened that belief.
1873
of
crisis
the
Following
and
to take a hand in the speculation at
stood
forced
of
extensive
economy,
ready
and
buyers
liquidation,
great
earnest movement in that direction.
of the utmost conservatism in every branch of industry. the first sign of an
values
the
When, therefore,
prospect of an increase in the
During this period of contraction and liquidation
down
silver circulation gave the first impetus to such a
cases they got
steadily shrinking, till in many
kept
movement, these intending buyers rushed in and at
once gave to the market a breadth, character and buoyties seemed to justify.
the
with
upward ancy which under other circumstances would hardly
business revived
specie payments,
so
continuous
been
have been possible. As bearing upon the immediate
have
not
could
in
1879-81
movement
to
much below what
the intrinsic merits of the properFurthermore, though trade and
and prolonged, if there had not been coincidently a re- future of the market, the feeling that higher prices are
must be expected to play
markable combination of favoring circumstances
justified is an influence which
abundant crops here, short crops abroad, resulting in an important part in controlling the course of values.
that On the other hand there are some circumstances that
very high prices for all agricultural products, so
The winter-wheat crop, for instance,
farmers experienced great prosperity and our export suggest caution.
That
is not necessarily a drawback to
will be short.
trade reached unexampled dimensions.
There are some who contend that the present upward an active speculation for higher prices. Then there
What has are the rate troubles in the West. These, of course,
is like that which began in 1879.
been said will suggest certain points of marked dis- are not to be compared with the disturbances which
In one particular there is some resemblance prevailed in 1888, being limited and circumscribed in
similarity.
movement
the rise has occurred after a long
to that period
The last great and general upward
of
waiting.
period
area,
and besides are now in process of adjustment.
The
general agricultural outturn the present year (whatmovement the one which had its origin in the West ever it may be) will have a great bearing on the situaShore settlement in 1885 may be said to have culmi- tion, not only in affecting the extent of railroad traffic
Of course, a person who and earnings, but also as affecting our foreign exports
nated in December, 1886.
bought Delaware & Hudson at below par in 1887 and and the state of the trade balance.
now sees the stock stand at 171, or who has held Lake
For the present, it will be interesting to note the
Shore at steadily appreciating values during the last extent of the rise thus far. For that purpose we have
few years, would not be apt to recognize that fact. prepared and give at the end of this article a table
But such illustrations do not correctly reflect the showing the changes which have occurred in the case of
general market.
Taking the low-priced shares, we find all the stocks that are dealt in to any considerable
some which have dropped almost continuously ever extent on the Stock Exchange, and giving also a few
and now stand very much lower than in leading issues of bonds which have been specially aetive,
that year.
or which have scored a large advance or attract attenThe basis for the present rise would seem to be found tion for other reasons. The present buoyancy may be
in the great improvement in railroad and .general con- said to date from the middle of
had
April, but as there
ditions which has taken place since 1888, and in the been on a number of stocks some
in
the
appreciation
of
the
to
show
thereon.
In
it
best
1889
hopes
higher prices predicated
months preceding, we have thought
there was a recovery from the depression which
total
for
the
Accordingly the
prechange
present year.
vailed in 1888.
But the recovery was not so decided or table
the
current year
in
reached
the
lowest
gives
price
widespread as expected. A boom was looked for, but (with the month in which such price was made) and
since 1886,
December
of
The President's agreement and the
harmonizing of the relations of the Western roads were
the first circumstances depended on to
bring a permanent enhancement of values; then came the wonderfully large crops and improving foreign trade and a
did not come.
the quotation on Tuesday, May 27, and a column indicating the difference between the two prices.
glance at the table suffices to show that the move-
A
ment, though very general, has been decidedly irregular.
There is a much greater number of stocks and
very decided growth in the volume of domestic bonds which have had a large advance than might be
business.
Still
the
market .dragged. When the
On the other hand, there are others which
supposed.
returns
of
railroad
been
have
been
earnings
kept
showing
practically stationary that is, have
month after month, neglected in the speculation.
steadily enlarging
gains
a
notwithstanding the squabble among
In classifying the various stocks and bonds, according
leading
group of Western roads, it seemed as if the long- to the causes which have been potent in securing a rise,
deferred advance could not be
any further delayed. we shall find (1) those whose status and condition has
But the result was the same as before. Prices were been
improved through reorganization; (2)'those which
very firmly held, but no one dared to buy freely.
And have risen because of the commencement of interest or
the state of things on the other side of the
Atlantic dividend payments, or on account of the prospect of
was much the same. There, too,
were
they
looking such payments, or an increase in the previous rate; (3)
MAY,
INVESTORS' SUPPLEMENT.
1890.]
3
=
those which have ri33n on the
of new combinawhich have advanced
Lowest Price
making
tions, deals or alliances; (4) those
RAILROAD STOCKS.
Louisville
I-oulsvllle
known
this Year.
A Niiahrllle ................
New Albany A Chicago...
S 2 4 Feb.
37 Jan.
100 Jan.
17 78 Feb.
5=8 May
to the general Manhattan
ElevMed, oonaol .........
Mexican Central. ....................
public.
Mexican National, certificate*. ......
Central ..................... 92 Mar.
To the latter class belong the Trust shares, and more M'ohigan
Milwaukee Lake Shore A Wtitern... 9l 7aMar.
Do
pr t f.. 108
Apr.
particularly Sugar Trust, which at 86 is 36 points Milwaukee A Northern ...............
50 Jan.
Mar.
..............
.14
*
Lool>
Mfc
above its lowest figure in January, being the largest ad- Minneapolis
on inside dealings or
facts not
Do
pref.
.......
12
Jan.
Whether the Mo. Kan. ATexat, 2d ajstsnTt puld. 9% Apr.
vance scored by any stock on the list.
Missouri PaiMo .................... ... 69% Apr.
advance is justified or not, as concerns the facts nec- Mobile* Ohio ............ ............. 13 JHU.
New York Central & Hudson ......... 106 Feb.
Chicago & St. Louis ...... 18 Feb.
essary to an opinion the public is in the dark about New York
Do
Istpref.. 70 Jan.
the matter.
In the case of gas stocks, like Chicago Gas
Do
2d pref.. 36 Feb.
Now York Lake Erie A Western ..... 23% Apr.
and Laclede Gas, which have also figured prominently
Do
Mar.
pref. 59
New York & New England ........... i:;>i.l.ui.
in the rise, the situation is not quite the same, and yet New York & Northern, pref .......... 20 Jan.
New York Ontario A Westcrm ........ 17'* Mar.
here, too, the exact status of the properties is difficult Now York Susquehanna A Western..
6% Mar.
Do
Feb.
pref.. 27
to determine.
Taking, however, railroad securities, Norfo:k A Western .................... IfligMar.
n>
............ 59% Apr.
pref...
none have been so prominent or conspicuous as those of Northern Paoiflo ...................... 30 Jan.
iTtf .................. 71% Mar.
Do
companies just reorganized or in process of reorganiza- Ohio 4 Mississippi ................... 19'i Apr.
OhioSouthem
.........................
13% Apr.
tion.
Atchison stock has risen 15
points and the Oregon Railway & Navigation Co ____ 97 "a Apr.
Suort
Line
&
Utah
43
Feb.
Nortn'n..
Oregon
like
certain
bonds
of
roads
incomes 13J points, while
Oregon & Traua Continental ......... 33>aJau.
the Missouri Kansas & Texas, the Richmond & Peoria Deoatur & Evansvllle ......... 16>*Jan.
Phlla. & Kouding Vot. Trust. Cert... 35>Jan.
& West Point Terminal .. 20 Feb.
Alleghany, the Shenaudoah Valley and the Inter- Rlehmond
D>
Jan.
pref.. 76
national & Great Northern have all advanced in Rio Or^ude Western .................. 15s Feb.
Do
Mar.
pref ............. 40
Besides these the
coal Rome Water-town Ogdensburg ..... 1O4 Feb.
a very marked degree.
St. Louis Aik. 4 fexas, 3d asa't p'd.
12 ^ May
Delaware & Hudson, Lackawanna, Reading St. Louis & San Francisco ............ 16 Jan.
properties
Do
pref ........ 36>*Jan.
stock and incomes and the Villard properties are also
Do
Is;, pref....
87< Feb.
St. Paul & Duluth, common ..........
:u'aJan.
In the case of Dela- at. Paul Minneapolis & Manitoba ____ 110
distinguished in the same way.
Apr.
Southern Pacific Co .................. 29>4Mar.
ware & Hudson the advance from the lowest figure of Texag&Paoino .................. ..... 19 "9 Apr.
Toledo Ann Arbor & North Michigan 30>aJan.
the year is 24 points, and it might be supposed that Toledo
& Ohio Central ............... 42>aFeb.
Do
pref ........... 6i4Feb.
among railroad securities this would head the list. But UnlouPaoiflc ..........................
61% Apr.
Union Paciflo Denver & Gulf ......... 36"fl Apr.
it is St. Louis & San Francisco preferred stock which
Wabash ......... ............... ....... 12 Feb.
takes that position, with a rise of 27 paints, the com- Wabash, preferred ................... 25 Apr.
Wheeling & Lake Erie ................ 304Jan.
Do
Feb.
pref ........... 67
mon stock of the same road having advanced 19 points
<fe
'.
and the
this
The improvement
1st preferred 16^ points.
latter instance follows from
in
with the
the deal
Atchison, and the Atlantis & Pacific securities hare
risen for the same reason. Of stocks that have remained
very quiet and risen but little, there are a good many,
such as the Chesapeake & Ohio shares, Lake Erie &
Wisconsin Central Co ............... ..
MISCELLANEOUS STOCKS.
Chicago Gas Co .......................
Citizens'
Gas Co.
Colorado Coal
Columbus
&
of
Brooklyn ........
& Iron
____ .............
RAILROAD STOCK?.
Atchison Topeka & Santa Fe
Atlantic & Pacific
Buffalo Rochester
Do
<fe
30% Jan.
4% Feb.
15
Pittsliurg
do
pref..
Canada Southern
5i:4Feb.
71%
Canadian Pacific
Ojlhialpf New Jersey
Do
Do
& Ohio
Mar.
1154Feb.
30
OTutral Pacific
Chesapeake
76%
Jan.
Jan.
Voting Tr.
do
do
cert.
1st pref..
Mar.
2219 Feb.
58
Mar.
2dpref.. 374 Feb.
6% Feb.
Chicago & Atlant o Beuetto. Tr. Rio.
101%Feb.
Chicago Burlington A Quincy
A
Eastern
Illinois
264 Feb.
Chicago
Do
Chicago Milwaukee
Do
Chicago
&
&
70
pref
St.
Paul
pref..
Northwestern
Do
pref
Feb.
664 Mar.
112% Apr.
107 Ftb.
140 Feb.
SB's Feb.
154 Jan.
434 Jan.
31 Mar.
92 Feb.
6614 Feb.
96 Feb.
IS'sJau.
147 Jan.
Chicago Rock Island 4 Paciflo
Chicago St. Louis A Pittsburg
Do
pref...
Chicago St. Paul Minneap. A Omaha.
Do
pref..
Cleveland Cln. Chicago & St. Louis ..
Do
pref..
Columbus Hooking Valley A Toledo.
Delaware & Hudson Canal
Delaware Lackawanna A Western ..xl34% Apr.
Denver & Rio Grande
144 Apr.
Do
45 Mar.
pref
East Tennessee Virginia A Georgia..
8% Apr.
Da
Do
Evansvllle
67 Jan.
20 H Jan.
96 Jan.
Flint
254
A Terre Haute
A Pare Marquette
Great Nirthern, pief.....
Illinois Central
1st pref..
2d pref ..
Iowa Central
Do
pref
& Pembroke
& Western
Do
pref
Kingston
Lake Erie
Lake Snore
A Michigan
Southern
71
114
6
Mar.
Feb.
Feb.
Feb.
Bise from
27.
Lowest.
Price
May
464
24
11
9
6
1244
36
24
6%
64
7>4
64
24%
64%
44
13 7a
107%
38%
12^4
86
16
77%
114
8%
8%
1214
115%
145
5
954
6%
17
I 1*
484
5
4
35
98
77 7s
100
6
11%
4
6
244
24
171
146
11%
19%
55*
104
80
122
344
834
in
1
*
194
18
6689
1121*
.
94
1144
624
7
184
15<
754
184
109
94
54
9%
24
94
24
i.
i
H'-j
124
14
5%
5%
54
0**
8
174
73%
l<>4
28%
68
504
30%
213g
I 1*
8%
44
5
9
7
10%
44
i'j
-')
334
6>*
24"4
65"4
5>
5>
84'g
24%
21
10ti%
49s
r"i
22
46
25 H
84 7s
22
5
7i
8g
9"g
15%
5>a
10>
r.'i
8 Tg
6 1*
12
11
52
115
13
35
"a
19
64
27>
16>
104
37<
113 1*
35>4
22%
40^8
67
84
6
3 *
1
5%
S
^
1
97
24"
15%
60%
37
13%
29's
41
78s
5%
T
1%
4*1
10%
119
41>aMar.
68 Feb.
39<4Jan.
81%
13%
12%
30
15
61'a
Hooking Ooal ......... ... 15 Jan.
Consolidated Gas Co ................. 92 Jan.
Edison General Electric .............. 92iaFeb.
Laclede Gas <8t. Loui-) .............. 13
Apr.
Oregon Improvement Co ............. 43^ Mar.
103%
11%
115
22 1*
12
PaoTtloMail ........................... 36> Feb.
Pmiman Palace Car Co ............... 187 Feb.
Tennessee Coal & Iron ............... 4b LiMar.
197%
Amer. Cotton Oil Trust receipts ...... 24 Feb.
Dialling & Caltle F. Co .............. 36H Mar.
Vational Lead Trust .................. 16*3 Feb.
Sugar Reflueites Co ................... 50 Jan.
25
51%
50
6"i
85%
SI 1*
46
21 1*
7>
9\
5
86
36
87
88
21
81 7
3 Tg
13 7i
71%
2*4
8>
6>
9"4
13>
RAILROAD
AND MISCELLANEOUS BONUS.
& S. Fe. 100-year 4s, 1989. 83 "a Mar.
IOC-year income 5s, 1989 ........... 54>a Feb.
APac. W. D. inc., 6s, 1910 ..... 12 Jan.
Guaranteed 4s, 1937 ............... 70>4 Feb.
Ches. & Ohio. 1st consol. 5s, 1939.. 99 7s May
R.& A. Division, 1st con.,2-4.1989 69s Mar.
Second consolidated, 3-4. 1989 .... 07^ Apr.
Chic. Ga. L.
1st, gold, 58,1937. 90% Jan.
Mar.
Col. Hock. Val. & Tol. Con. 5s, 1931 73
(Jeueral gold, 6s, 1904 .............. 73
Mar.
Duluth 8. Sh. A Atl. gold, 5s, 1937. 92 Jan.
Fort Worth A DenT.C.lst,6s, 1921. lt'3i Feb.
Int. AQt. No.
1st, 6s, gold, 1019.... 109 >4 Jan.
Coupon, 6s, 1909, trust reo ......... 73>4Jan.
Laclede Gas 1st, Ss, 1919 .......... 81 Mar.
L. N. A. & Ch., Consol..gold,6s. 1916. 95% Apr.
Mo. K. &T., Consol., 6s, trust reo.... 72><Jan.
At. Top.
Atl.
AC
Oonsol. 5s, trust reo ................ GmJan.
N. Y. L. E. A W., 2d eon. 6s, 1969... 98% Mar.
Ohio Southern, 2d. lnoome,6s, 1921.. 45 Mar.
Peoria Deo. A Evans. 1st, 6s, 1920.. 101 Jan.
5s, 1926
Reading Gen.
.. ............
4s, 1953 .....
66
1st ^referred income 5s, 1958 ......
2d preferred Income 5s, 1958 ......
62
2dmortgge,
Phlla.
A
3d preferred Income 5s, 1988 .....
Rich. & W.P.Ter. Col. trust 5s,1914.
4% RioG. Western 1st 4s, 1939 .....
104 St. L. Ark. & Tex.- 1st
6s, trust reo..
24
2(1 6s, 1936, trust reo ...............
13
St. Louis & Iron Mo.
64
Gen. Ry. Aland grant. 5, 1931....
26
7s. 1909, trust reo...
9% 8hen.Val.-lbt.
General Cs, 1921, trust reo .........
124 Tex. & Pao. 1st. gold, 5s, 2000 ......
34
2d, j;old, income, 5s, 200J .........
44 Wabash
Hd mort., gold, 5s, 1939....
7%
Dcbent mort., senea B 1939 ......
4
West. N. Y. i Pa. 1st, 5s, 1937 ......
24
2d mort., 3 gold, 5 scrip, 1927 .....
4% Wia. Cent.
Co. iKt. gold, 5s, 1937 ...
84
Income, 5s, 1937 ....................
..-.
264
14
17
62
Mar.
!-<
594
82%
22% Mar.
104% Jan.
3%
39
78
104
304
Feb.
Feb.
15 7s
8
274
7%
1014
Lowt*t.
30 1*
.
Lowest Price
HUM Year.
li.'i
Ele from
Feb.
28
Western, New York Central, Nickel Plate, etc., etc.;
Western Union Telegraph ............ zSl'tMar.
but these will appear from a casual inspection of the
INDUSTRIAL STOCKS.
list.
Price
May 27.
91%
424
,
Mar.
Bo's Mar.
Mar.
43>Mar.
36 Mar.
77 Mar.
69 7e Mar.
86^3 Mar.
28 May
Jan.
113% Jan.
48 Jan.
90% Jan.
37% Apr.
SO 1* Feb.
88
47
Mar.
92iJan.
29 Jan.
96 7a Jan.
654
Mar.
lom
76
97
82*4
8t)i
101
109
11.-
9
%
86>
86
5>
6<
13U
5
101
5U
86
74
13><
12 1*
107
60
106
724
84%
74%
5U%
46
80
76%
91%
8%
15
5
6>
4>
12%
13%
10
3
6%
5%
29
1
934
5>
1244
10%
59
95><
44H
82 7
554
100
384
100
584
11
4%
6\
2%
8%
7%
94
34
3
ST
lvllen.ls
Hri-
1
a in
'
C
"
,,
1
..,, 1
Of a
.,
n ,l8
,
m rd
BLES
K
i
n the same year.
.
ie.
s. f. for "sinking fund
Abbreviations used are : M. for "mortgage:"
7'
br.
may be registered;" o. & r. for coupon and registered;
coupon but
100 and larger.
ri>tocra; g. means 8 uiu,
^r*., A. A O., April A Oct.; M.
,
extra;
s.
stock or
.
A S., May A NOT.; J. A D.,
quarterly from March,
falls due of bonds, but the time
period when the principal
,
r*
UNITED STATES BONDS.
;
MAT,
1890.,
STATE SECURITIES.
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8
kwsrlbcn
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MAT,
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10
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1890.J
CITY
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MAY,
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EAILROAD STOCKS AtfD BONDS.
1890.]
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tFOKDS \r
^^^?5Ld&
;^J
M
\e^
^
X*
A
.5,
r
LAMAN^^;
\
I
R
G
I
MAP OP THE
BUFFALO, ROCHESTER
PITTSBURG R. R.
;
Jd
-:
^fc^ 'V^
V
cC>V
/
/ v
SVlnchcstcr^^
<
/'
c
/
/Leesburg
^-/ ^-o~^
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1890.]
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1890.]
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ot
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31
INVESTOKS
1
[YOU L.
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i
^v^ >
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'"oM/ofS^flE'Sf?!
1
,^
MAP OF THE
RAILROAD
JERSEY
3F
NEW
AND CONNECTIONS.
MAY,
HAILROAD STOCKS AND BONDS.
18fiO.|
MAP OF
CHARLESTON, CINCINNATI
AND
CHICAGO
RAILROAD AND CONNECTIONS.
INVESTORS'
SUPPLEMENT.
[VOL. L.
MAY,
1890.]
RAILROAD STOCKS AND BONDS.
INYESTOKS' SUPPLEMENT.
[VOL.
ttondt
Prino).
pal.When Due
Slocks Last
Dividend.
La,
A Mo., 1st
M. ($439,
2d M. (Int. guar.
do
C.
A
150
37
37
150
101
101
101
162
162
A.)
B f "bus for^C 8U*'AC.?l8t"M."ai'eoUat jnotdr'n
L A C.,
guar.
Ft e'f tock **K C. St. '*T
* (Timi"
JJL
-*
w>twf
_.
lltoB-Rlv.]
249
249
y.'isg's'...
363
363
*l.ooo
l
1,000
1,000
1,000
1,000
100
1878
1,000
100
1877
1881
1H83
1888
1HSG
i',6oo
1.000
1,000
500 Ac.
1,000
1,009
1,000
IHS-f
1886
1888
5,140
Debenture bonds for Han. A St. Jo. stock
^c
North Cross K. R- 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
c^
Bmk^^WMforTlbiaknoxv.'&b;'^,^^.^
c &r
Nobz-aska ext., $20.000 p. m.(s. f. not drawn).
c
A Fox River, 1st M
Ottawa Oswcgo
int.
i"89
1,000
1,000
1,000
1,000
1.000
ioo
96
1860
1864
500 Ac.
33
1*72
1875
1887
1870
DLGrand Trunk, 1st M., $20,000 p. m.,
Quincy A Warsaw. 1st mort.. int. guar
Fiscal year ends
October, 1862.
December
"70
48
gu.c*
100
1873
1879
1881
1881
825
TT^mort. Towa, S: at 100 A 105 (s.f. IH! p.c.).cAr 7ao
Dearer exU-n., bonds d' awn at 100 (s. f.f. 11 p. c.)c*
p.
Bomls for Bur A S.W.. drawn at 100 (s.
c.l.c^
...
,000
40
1870
1870
1
1,005
1,000
1,000
,000&c
1,000
500&C.
1,000
The annual meeting
31.
n P
U d
1, 1864 for the
The JoHeT A^c^o it Sased from January
7 P c.
part of the mainline. Rental
^rm oMt? eaVrtaTSl forms
term
Missouri River RR. is leased for
Srtock. The Louisiana A
WW/*"*
deducte.
35 p c. of gro.ss earnings, after taxef, Ac have been
mortgage bonds and
t>ni them but Interest guaranteed on second
000
is
stock
$1,010
^u'op'i^stock;
thejther pret.
,-adeouujjon
The
1888
against $200,716 in 1887.
J" TOO- rental in 1
,
,1
.
,.
.
,
in 1888.
Vov. 1, f877. at a rental of 35 per ct. of gross earnings $33o,831
A
The bonds are held by ir 8. Trust Company as securityafor the Chicago
sinking fund of
Alton bonds of 1878 issued to build this road, and
35
the
Should
per
for
their
redemption.
S6O 000 per annum provided
7 per
cent be more than sufficient to pay interest, quar. dividends and
oent on the common stock, the excess is to go to the lessees Common
itock $271 700. of which $157.600n owned by C. AA. The Mississippi
Biver Bridge is leased in perpetuity from December 3, 1877, at a rental
owned by C. A A.) and 6 per
equal to 7 per cent on $300.000 stock (all
'fhe Chic" A Alton preferred stock has prior right to a non-cumulative
dividend not exceeding 7 per ct. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus. Prices of
1882,
Mock have been as follows: Preferred in 1881, 140S153;
in
1SO46- In 1883, 1403150; in I8s4, 142 152; in 1835,In1479155;
160
in
1889,
1888. 157165;
1886, 150S162 in 1887, 155164;
1881, 127156;
l5- in 1890 to May 23, inclusive, 1609165. Common
la 1882, 127>a145H!: in 1883, 128913714; in 1884, 11891404; in
m
m
:
1885 128140:
in 1886,
1389146;
in 1887,
1309155; in 1888, 1323
inclusive, 1299135.
In 1889, 125140; in 1890 to May 23.
Dividends since 1876 have been: In 1877, both stocks, 7'a; in 1878,
both?; In 1879, preferred 7, common 6 in 1880. pref. 7, com. 6 "s: in
1881 both 8; in 1882 both 8: in 1883 both 8 in 1884, both 10; in
1885 and since, both 8 (2 per cent quarterly).
OPERATIONS AND FINANCES. The Chicago A Alton road has been parand
ticularly strong in having a large local business between Chicago
Bt. Louis, so that it was less dependent on through business, which is
done at competitive rates. Its leased lines are as completely controlled
if owned, and the system is compact.
Fiscal year ends l)ee. 31. Annual report for 1889 was in V. 50, p. 311,
and the President's remarks at length in V. 50, p. 313.
INCOME ACCOUNT,
1404;
;
;
M
Receipt*
Total gross earning;.
$3,365,000
564.000
188,000
42,000
1,725,000
300,000
329.100
2,305,000
1,750,000
300,000
626,000
6,5OO,OOO
See remarks.
300.OOO
g,7 10,500
2,215,000
935,000
940,000
76,394.505
16,993,000
11,679,000
7,968,000
4,300,000
9,000,009
241,000
653,000
547,500
313,000
24,915,000
1,076,000
890,500
720.000
7
7
7
7
3i
6
g.
6
K.
4
(6 g.)
6
g.
4 to 5
1
6
7
1>4
7
4A5
4
4
5
*
7
5
4
8
8
8
A O. N. Y., John Paton A Co.
do
do
A O.
do
do
A J.
do
do
A J.
do
do
F. A A.
do
do
M. A N.
do
do
F. A A.
do
do
M. A N.
do
do
Q.-F.
Treasurer's
Office
J.
A
J?
Chlo.,
A. A 0. N. Y., John Paton A Co.
N.
Last
M. A
paid Nov., '88.
None paid.
F. A A.
J.
J. A
N.Y.,Drexel.M'rg'n ACo
A. A 0. N. Y..F.L.AT.CO.A Bost.
do
D.
do
J. A
do
do
J. & D.
do
do
F. A A.
Chic.
Q M. N. Y., Boston AABost.
J? A J. N. Y.,Bk. of Com
do
do
A. A O.
do
do
F. A A.
do
do
M. A 8.
do
do
M. A N.
J. A J. Frankfort, Germany.
A. A O. N.Y., Bk.of Com. A Best.
do
do
J. A J.
Boston, Co.'s office.
J. A D.
M. A N. N.Y,, Bk. of Coin. A Bos
J. A J. N.Y. P.L.A T.Co.A Bost.
A. A O.
Boston, Co.'s Office.
J. A J N.Y..F.L.AT.CO.& Host
A.
A.
April 1,1894
April 1. 1894
J.
J.
July 1,
Julyl,
Aug. 1,
Nov. 1,
Feb. 1,
.
1898
1898
190O
1900
189O
May 1, 19O3
May 1, 1890
Jan., 1SOO
Oct. 1, 1912
Nov.
Aug.
1,
1.
192O-
1923
July, 1918
April 1, 1926
June 1, 19 IS
Dec. 1, 189
Feb. 1, 1903
June 15, 1890
July 1, 19O3
Oct. 1, 1919
Feb. 1, 1922
Sept. 1, 1921
May 1, 1913
July
Oct.
1, 189O
1, 1890-
Jan. 1,
June
May
July
Oct.
July
1,
1,
1,
1,
1,
1896
189*
1927
1900
1890
1890
MAY,
1890.J
EAILROAD STOCKS AND BONDS.
INVESTORS' SUPPLEMENT.
"
..Briber,
will eoaftr .
rt f.Tr b, *Mn* Immediate notlee of .n, error dl.covered In the.e T
[VOL. L.
MAY,
1800.]
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LNVESTOKS'
Subscriber* will confer a
reat favor by elvliiz
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[VOL.
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1890.1
RAILROAD STOCKS AND BONDS.
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[VOL. L.
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LVOL.L.
MAP OF THE
ivw
CHICAGO, ST, PAUL & KANSAS CITY.
RAILWAY.
FOBMBLY MINNESOTA AMD NOBTH-WESTEBN RAILBOAD.
UHW
*
A
if*
V
JX-troit Cy.
rqaMB
"S\
a^
\
I
Klver
L Gordon
Stain baugh
S^vanavflle
*-V
*
A\^*^
\
-
*'
illnclile
BIUlc Falls
^Butternut
-^^
/
r
.
bPhllips
RhlnelanOer
|
oMonico
Taylor Ta
TVestl>sro^
IMcrrm
IBloomeA
^^*.
^[innetoiika L.
IsTd
v".
(
>*
a
rWinona
~
a
s*
Ttf
JlSs^
Croese
'^"
'urkey R.
Fonda
QUO
^,
oKonticello
LO
r^
'
TSavanna
)!xon
Greeu
,
"WarrensTjuri
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ST.
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RECNVILI
-^
Seymour
MAP OF THE
"
CINCINNATI, HAMILTON
AND
\
DAYTON RAILROAD
AND CONNECTIONS.
*Wi<1
47
TO LE D
48
=^\Y
"
^
O
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SABLELjjT 1\
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MAP OF THE
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T
EVANSVILLE
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EVANSVILLE
&.
EVANSVILLE
Ripley
Columbw
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RICHMOND
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R. R.
R. R.
EVANSVILLE BELT RAILWAY.
PEORIA, DECATUR & EVANSVILLE RY.
Somerville
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T v.ri'T>
S\n TvT*7TTr\Y7>n-vC
Ttnnff.X Priijcl
Bonds
OR DIVIDENDS.
INTEREST
pal, When Due"
Miles Date Size, or
Amount
When
Where
and
Rate per
Payable,
Par
by Mocks Last
of
of
Ac., see notes
i
Value,
Road.
285
Miyia Soullurn 4 Wa.-UtM.. g. ( 2.0OO p.m. )c;
Miioon A liinnlngliaiu IstM. for$l,6CO,OOOg..c"
grand Kapidiit Indiana Stock ....... .......... o;
let M., land grant, gold 8. f. (guar. by Pa. RR)--e
dr n).o'
r l.OOO
1890
567
335
let M.,K..(*5O5,OOO are land grant s.f.,not
2d niortKaCfsre<U'<'nial.leat 1O5 111! Aug. 1, 1894.0'
OeneraTinortgage for $13,000,000 ............ c*r
Hurte n O^aapV* "ind" BR." Vt m. trafV/raar'.'c'
Ortut JVorlAfrn-Stock, pref. (uo com. stock Issued)
green Ban WinonaitSt. Paullist mort. coup .....
Funded coupon bonds ............. .... .............
2d mort. Income bonds, nou-cuinulatlre .......... i
o
Stock ........ ..
oM-tt>n80l.M.<for
1st mortgage Quincy A Palmyra AR ............ o*
1st mortgage Kansas City & Cameron RR ...... c*
Earrinli. Porlsmt'lh .(. Joy <* Lane. Stock. 7 %gnar.
lt M. (ext'd In '83), Int. guar. Penn.RR ......... r
Bartford <t CoHntclintl Wtttern Stock .............
lt mortgage .......................................
Hmaalomc Stock ...................................
Preferred stock, 4 per cent noii-eumulatlvo .......
New consol. mort. (for $3,000.000) ............. 0*
Consol. mort., not payable till 1910 ...............
Unut. Host (t Wat Texat.lst M., gld ($7,000 p. m.)
2d mort., land grant, $.1,000 per mile ........... c*
Consol. mort. 1. gr.,gold, f 18,000 p. m ............
1OO
1869
1,000
1,000
1,000
1,000
IHvidend8.6perct..
fund
$1,643,782
i'.obo
100
1,000
1,600,000
219
62
292
1881
1HKO
1881
1,000
1881
l.OOC
3,781,000
400,000
6.709,000
13
is<;7
l.OlH)
433.OOO
8
54
53
53
1867
1.000
1853
104
190
190
164
74
192
192
192
1883
1,000
1,200,000
1,182,550
700,000
2,635,700
608,000
43,100
2,864,200
2,838,000
100,000
1,344,000
750,000
10
50
JOO&c.
100
1MS7
1,000
1H7H
1883
1,000
1,000
$5,614,615
&
A
J.
J.
J.
J.
Dividend.
NY.,SecnrityATni8t Co. July
do
do
July
"A"J. N. Y., Winslow, L. A Co
do
do
& O.
do
do
M. & N.
&
M.
5
do
S.
1888-89.
$4,500,272
&
;
&
1927
194O
1,
1,
1899
1899
1899
Oct. 1,
Oct. 1,
Nov.
do
Sept.
1,
1,
1924
6
5g-
"A"J. N. Y.,
Wluslow.L.ACo
Juiyl,"i926
F.'&'A. Coups. Feb. '8"9," bought Feb. 1, 1911
F. A A. Uoups.of Aug.'89,b'ght. Aug. 1, 1906
None ever paid.
M. & N.
Mty 1, 1911
J. & D.
Die. 10, 1885
M. A 8. N.Y., Bklof No.Amerloa. Mar. 1, 1911
do
do
P. & A.
Feb. 1, 1892
do
do
J. A J.
Jan. 1 1892
Jan. 10, 189 O
J. A J.
Phlla., Co.'s Office.
do
do
J. & 3.
July 1, 1913
Jf.Y.-Cen. N.E. A West. Feb. 20, 189O
Hartford.
J. "A"J.
July 1, 1903
"e"
6
8
1
5
J.
A6
,
3
4
1
5
M.
&
A
&
J.
A,
M.
N. N.Y. Fanners' L. & T. Co Nov. 1, 1937
O.
Bridgeport, Conn.
April 1, 191O
N. Last coup'n pd.May, '86
1898
J.
Jan. 1, 1913
,
1929
5g.
Tot dlflbune'to.. $3,549,934 $1,386,191 $5,015,689 $4,631,009
$598,926 df.$130,737
$257,591
$454.380
Balance, surplus ..
47? P. 327, 370, 382, 497, 502, 661; V. 48, p. 70, 129, 481, 800,
827, 856; V. 49, p. 342, 403, 435, 651, 655, 673, 713.)
St. Paul. Owns from Green Bay. Wla.
Green Bar Wliioiia
to Marshland, Wis., 209 miles; brauches, 10 miles; leases Plover
to Steven's Pt., 6 miles total, 225 miles. This was a reorganization in
1881 of the Green Bay & Minnesota, which company made default and
the road was sold March 12, 1881. Preferred stock is $2.000,OOO, 7 per
On Feb.
cent, and common stock $8.000,000, both stocks $100 shares.
1 1885, default was made on the 1st mortgage int., and in 1886 bondand
the
company
holders consented to fund the three overdue coupons
resumed payment but defaulted August, 1889. A plan for reorganization without foreclosure and for building the Southwestern Extension was brought out In July, 1889, and is being carried
through (see V. 49, p. 113.)
From Jan. 1 to March 31 (3 mo?.) in 1890, gross earnings were $87,764, against $09.632; net, $20,396, against $9,628. For 1888-89 gross
earn'gs were $302,105: net, $46,6a8; taxes and interest, $133,919. In
1887-88, gross, $354,774; net, $59,316. Samuel Sloan, Pres., N. Y.
(V. 46, pT254; V. 47, p. 563; V. 49, p. 113, 145, 341, 654.)
Calf Sc. Chicago. Owns Middleton to Poutotoc, Miss., 62 miles,
narrow gauge. Successor to the Ship Island Rlpley & Kentucky. In
August, 188s*, bought Northern division of Gulf & Ship Island.
Hannibal St. Joseph. Owns from Hannibal, Mo., to St. Josepii
Mo.. 2O6 miles; branches Cameron to Kansas City 54 miles; St. Joseph
to Atchisou, Kans.. 20 miles; Palmyra to Galnoy 111., 13 miles; leases,
2 miles; tow) operated, 295 miles. The Bridge at Kansas City is owned.
Stock -Common, $3,168,700; preferred, $5,083,024; par $100. C. B.
AQ. RR. Co. owns the greater part of both classes of stock, and also
$9,000,000 5 percent debentures. Preferred stock has prior right to a
non-cumulative dividend ot 7 pel cent; then common to 7 ; then both
share. Dividends on pref. stock since 1876 have been: In 1880, 3 per
cent ; in 1881 and 1882, 7
in 1883, 3 ; in 1887, 7 In 1888 and 1889,
nil.
Fiscal year ends Dec. 31. The income accounts have shown as
follows:
Deficit under all charges in 1888 ol $16,091; surplus of
397,562 in 1887; $68,210 in 1886; $500,152 in 1885. (V. 48, p. 688.)
Harrlsbiirz Portsmouth
g.
I*'
,
100
100
Whom.
A.
"87
100
I
J.
219
500
'i_!fn
Payable
5g.
275,000
750,000
20,000,000
$1,999,820 $2,170,409 $2,793,751 $3,256,432
1,200,000
1 2OO.OOO
1,200,000
1,200,000
271.938
161,870
415,782
350,114
750,000
12,707
600,000
;
6
nil.
4.986,081
3,934,000
1,441,000
2.7OO.OOO
4,753,000
1886
Receipt!
$1,004,314
$3,420,000
1834
1884
ISC.ll
$3,483,084 $3,713,553 $4,891,918 $3,586,499
Het earnings.
161,870
271.938
415,782
350,114
Bev.rroml/ndDep't
751,903
450,759
514,447
171,118
Other receipts
Totallncome....
Cent.
335
367
307
1887-88.
1886-87.
Outstanding
1,OOO
INCOME ACCOUNT.
1885-86.
[VOL. L.
For vear ending Sept. 30, 1889, gross earnings were, $1,204,213,
against $1,087,413 in 1887-88; net, $531,293, against $111,931.
-(V.47, p, 442, 744, 775; V.48,p. 37,100,398,52(5,662; V. 49, p. 654;
V. 50, p. 276, 451, 741.)
West Texas. (Narrow gauge, 3 feet.) Owns
Houston East
from Houston, Tex., ;o Sabine River at Logansport, 192 miles. Land
grant was 10,240 acres for each mile constructed and equipped.
The 2d mortgage bonds are held as collateral for the debt due Mr.
Bremond, $750,000. Stock issued, $1.920,000. In July, 1885, M.
G. Howe was appointed receiver. Interest is in default, and several
propositions have been made to bondholders. See references below.
In
In 1837 gross earnings were $361,820;
net,
$106,446.
vear ending March 3 1 1889, gross earnings were $391,015; net over
operating expenses and taxes, $157,606. (V. 47, p. 188, 200,381,
744; V. 48, p. 589; V. 49, p. 434, 616, 718, 824; V. 50, p. 451, 483.1
&
Houston & Texas Central. (See map of Southern Pacific.) Owns
from Houston, Tex., to Red River City, Tex., 345 miles; branches
Hempstead, Tex., to Austin, Tex., 118 miles; Bremond. Tex., toRoss, Tex., 57 miles; total operated. 520 miles. Texas Central RR,
completed from Ross to Albany, 177 miles, with branch, Garrett to
Robert, 52 miles, is operated in connection with this road, but accounts
are separ ate. The company had a land grant from the State of Texas
of 10,240 acres per mile, but on Sept. 8,1888, the 2,522,620 acres remaining undisposed of were sold in pursuance of a decree of the court.
Sale of the road was made Sept. 8, 1888, to the reorganization committee. (See plin la V. 45, p. 792, 820.) Bonds are given in
table as they will stand under the proposed reorganization. Inter eat
charges will be $914,248; taxes (estimated), $70,OOO. All mortgages
The new stock Is $1 0,are guaranteed by the Southern Pa^lflo Co.
000,000 and the old stockholders had to pay a cash assessment of 73
obtain
rata
share
of
the
new
cent
to
their
stock, but this matter
pro
per
The Southern Pacific Company owned $3,985,500
is yet in litigation.
of the stock of $7,726,900. Interest on the first mortgage bond certificates has been paid at the Central Trust Company. A suit for foreclosure of the Waco Division 1st mortgage was begun iu April, 1889^
-(V. 50, p. 703.)
The following is the statement of earnings, betterments, interest
charges, Ac., for fear years.
The earnings, &c., for the calendar years 1886,1887 and 1888, and
fortbeyear ending Sept. 30, 1889 (irorn the report of the Texas State
RR. Commissioner and partly estimated), were as fellows
:
1886.
1887.
1888.
1883 -89.
$3,080,796 $2,396,999 $2,786,053 $3,262,362.
Gross earnings
Expenses
Operat'g, incl'g taxes.
Extraordin'y rep's, Ac
?
Equipment
5
$2,311,205 $2,501,502 $2,262,088)
'a
83,188 5- $3,409,923:
0^4
aifi^R^J
<8 834
216,363
'
j
40,844)
;
Mount Joy
dc
$2,390,039 $2,717,865 $2,385,060 $2,409,923
Net earnings
$690,757 $179,134
$400,993
$85^,43!*
-(V. 46, p. 191, 239, 537. 573, 60}; V.47, p. 50, 327, 744: V. 48, p. 159,
Laiicastcr.-Owim 398, 469, 633; V.
from Dillervule, Pa., to Harri8burg, Pa., 35 miles; branch Middlctown, Pa., to Columbia, Pa., 18 miles; total operated, 53 miles.
Leased to the Pennsylvania BR. Co. for 999 years from Jan 1 1861
the rental being 7 per cent on the stock and Interest on the bonds'.
Stock $1.182,550; par $50. Forms part of main line of Penn. RR
Hartford
Connecticut Western.- Owns from Hartford,
Conn., to Rhlneoliff, N. Y., 108 miles. On May 25, 1881, bondholders
reorganized, and stock in new company issued for bonds. In 1888 a
controlling interest in the road was purchased by parties interested in
the Poughkeepsie Bridge, by which it forms an all-rail-*vvv/
route i*vi
1111
across
v/ora the
VJiu^ann WITTAW
C\n lnr.i.nt- Ort innn _
_
&
.-
Total...
.
1
.
49, p. 22, 145, 173, 269, 471, 654, 856;
V. 50, p. 4<*3,
89, 703.)
Hudson Suspension Bridge & New England RR.
Chartered to bridge the Hudson River at Anthony's Nose, near Peckskill, and to build a line of railroad over the. bridge from Turner's, N.Y.,
to Conn. State line at tforth Salem. The Co. has traffic contracts
with several roads, including an important one with tie N. V. &New England and the New York & Northern. .See V. 50, p. 662. The mort.
(Trustee, Atlantic Tr. Co.) will cover the bridge, 34 miles of railroad,
and a tunnel of 5,304 feet at Bull Hill. Stock, $10,000,000; par $100.
President, Edward W. Serrell, 38 Wall St., N. Y,
(V. 49, p. 22, 51,
483, 662.)
&
Broad Top. Owns from Huntingdon, Fa., to
Huntingdon
Mt. Dallas, Pa., 45 miles branches 19 miles total operated, 64 miles.
Preferred stock is 7 per cent non-cumulative. There were also Jan. 2,
1890, $282,000 car trusts. Dividends on preferred stock since 1883 have
been: In 1884, Ha per cent; in 1887,2; in 1888 and 1889, 5 yearly,
in 1890, Jan. 18, V^. In 1889 gross earnings $523,844 net. $252,035;
In 1888, gross, $516,000; net, $290,162. (V. 46, p. 190; V. 50, p. 244. >
Illinois Central. (See Map.) LINE OP ROAD Chicago to Cairo,
;
;
;
This roi,d
controlled by parties interested In the N.Y. & N.
England
stock is exchangeable for the new
preferred stock mi
nean< nclmlf "ho
of common for one of new
0,000 consol. 5 per cent mortgage bonds held to retire preferred"
o
is
Common
L
^ai A, &'^t^
8
over charges, $40,419, against
$31,826.
365 miles; East Dubuque to Centralia, 341 miles; Memphis Div. Grenada to Memphis, Tenn. (Miss. A Tenn. RR.), 100 m., and C. St. L. A NO. RR., Cairo, Dl., to New Orleans, La., 547 miles; branches Otto to
Normal, 111., 79 miles; Buckingham to Tracy, 111., 10 miles; Kempton
Junction to Kankakee June., 111., 42 miles Oilman to Springfield, 111
miles Parkside to South Chicago, 2 miles Champaign to Havana, with
branch Monticello to Decatur, 132 miles; West Lebanon, Ind., to Leroyv
111., 74 miles; Durant, Miss., to Aberdeen, Miss., 106 miles; Jackson to>
Parsons, Miss., 116 miles; Schula to Duraut, Miss., 25 m.; Mound City
branch, 3 m.: Chic. Mad. & Northern, La Vergne, 111., to Madison and
Dodgeville, Wis., 222 miles; total, 2,275 miles. Also controls by ownership of nearly entire stock Dubuque A Sioux City and leased lines
600 miles. Grand total, 2,875 miles.
ORGANIZATION, LEASES, Ac. This company was chartered in December, 1850, and organized in March, 1851. The lands granted were upon
the condition that the company should pay to the State 7 per cent of
gross earnings yearly In lieu of taxes. The leased lines in Iowa acquired
in 1887 by purchase of, iv controlling interest in their stock were consoli;
;
;
MAY,
EAILROAD STOCKS AND BONDS.
1890.]
\PaKrftml5
TX.
69
^'
v^r^^^^y
.N&dXiou.-naC^ x/js^re^^
7S^JS^:^
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1
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*\
1
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R.
INVESTORS' SUPPLEMENT.
70
.Werlbon
[VOL. L.
ot any error dl.covered In the.e Table..
will eo.ftr . gr**t" ftror ~br firing Immedl.telnotlce
Montis iTinc*IWTT?UIIT nw TiTVTTir:vTH.
.RAILROAD STOCKS
MAY,
AND BONDS
'.
MAP OF THE
IOWA CENTRAL
RAILWAY & CONNECTIONS.
/%'Clili.|ifra Falls
rrS;x//
r
CJal
t
r"
M.-ii.jihi,u-
,
\
KBajrfleldO
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,
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I
INVESTORS' SUPPLEMENT.
[VOL. L.
^-HR-W-JBiagsa
*>V-^V
"\
Y 'fo
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Helen
f "kinss V.Srm^TL.
*8 c^
^w*"
? '^W'
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K? X^T\-ii ivJ.,,n,nl^w**^llr^
1
:
1
MAP OF THE
JACKSONVILLE,
TAMPA
KEY WEST
RAILWAY & CONNECTIONS.
_.
i)rs .
W"*
'B
^
1
"~t
MAT,
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INVESTORS'
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EAILROAD STOCKS AND BONDS.
1890.]
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ORLEANS
AND TEXAS
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L.
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EAILBOAD STOCKS AND BONDS.
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LOUISVILLE, ST. LOUIS,
TEXAS RAILWAY,
IKVESTOES'
Campton o
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KAILROAD STOCKS AND BONDS.
1800.]
C
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MILWAUKEE
LAKE SHORE & WESTERN
?yramoro
RAILWAY & CONNECTIONS
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RAILROAD STOCKS AND BONDS.
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MAY,
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~^^s
EA1LKOA1) STOCKS
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1690.J
BnnJet
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AUSTIN
Presidio
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DRSTRIPTION.
F
>r
column headings, *c., see notes
first page of table*.
explanation of
on
T.dff. nglaiut-(0on )-'.t M. 196,000,000 7s)
CAT
*1 M.. part raled ($4.002,000 areOs)
Ho-t.m Fernilnal lt M
mort
for
guar
l*t
$1,500,000
Khoile Id. *
It* I'ork Sev Harm rf Hartford Stock
JT.
Ms
mortgage (for *3.000,00i>>
Harlem 4 Pono neuter, leased, 1st mort. guar..o*r
2d M., coup, or reg., guar.
do
do
1st
.
rfWorlAwti-lst raort.. noM......
...
2d uiort., gold. (Income till Dec., 1891).
tew York (M/rv> <t >Tw/.-8tock ($6.000 1*atpraf.).
110)
(redeemable
for
M.OOO.OOO
1st M.. gold,
Consol M. (*10.00O,OOO> gold, red at 105 in '9110*
Kev YorK I'enn. <t OlHo-Prtor nen.goid, $ * *.. .c
r.
Jf.
i-
1st mort., gold (no foreclosure
till
1895.) $
2d mortgage, incomes. $ & *
8d mortgage, incomes, $ * *
A * c*
- -
3 p. e., cum. (dr'n at 10OI
3 p. c. c-um. (drawn at 10O)..
oonv. Into 1st M. bonds
int.
warrants,
Deferred
New Castle A Shi-nan*" Valley, 1st M., Int. guar.c
..
lt
mint.,
gold
Sharon (leased)
M.. g.. $16,500 p. ra..c'
IT. r. Pltila. * A'or/WAs-lat
per mile... r
cumulative.
non
$10,000
Income M.,
iHtoninirtoni Stock
Himi'ni
Jt. F. Prov. 'f
Enulp. trust bon.ls,
Ei nip.
tr.
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tiomls s
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Mil,Of
Hate
Size, or
Of
Par
K.m.l. Bends.
1876
1882
32J
321
Amount
Outstanding
Value.
s. f.
mortgage (Stoninjrton to New London)
Yd Kockateay Bc*cnl<st M. g., en 1'sed by L.I.C*
Income bonds, non-cumulative
Jf Y.Sta<rutti-<t Western 1st M.,g., Mid. of N. J .e*
1st M., Paterson Exten., 1 m.. and r'l est. gold.c*
First Hiort., refunding, gold (2d M. on 73 mlles).oNew 2d M. (f l.OOO.OUO gold). 3il M. on 73 niilea.c'
'
1st
.
1887
18*9
1SS3
1883
17
1ft
112
112
Payable
A7
SAG
J.
4
A.
6
F.
73
134
134
& J.
A A.
A O.
Prinol
;l],W lien
Slocks
Bos., Safe Dep. A T'st Co,
Jan., I,
Boston, Trtas. Office.
do
do
Due
Last
Divldenu.
Whom.
AUK.
April
6
A7
A,
4
5g.
*
J.
A.
A
A O.
AD.
& O.
g.
M.
5
7
g.
Kg.
J.
M.
J.
A
A
A
A
J.
1,000
1,000
1,000
do
do
1,
1,
1905
1902
1939
None
None
g.
.758.
Oct.
Dec.
1927
1927
1905
1910
1915
May,
May, 1, 1908
Junel, 1910
do
1,
1,
May
London,
D
do
N. Y.. Office, 192 B' way.
No interest paid.
N. Y., Nat. Park Bank.
N.Y.Offlce, 15 Co'tlandt
N. Y., Nat. Park Bank.
1917
1919
1923
1933
May 10, 1890
Jan., 1899
April 1, 1901
Sept. 1, 1927
Sept. 1, 1927
April 1, 1910
June 1, 1910
Jan. 1, 1937
N.Y. Office, loCortlandt
Feb.
July
1,
1,
1,
1.
June
Penn.EE. Office. Jan.
do
do
Oct.
J. Pliila.,
do
do
do
do
Annual report
p
1911
1,
1,
1,
July
paid.
paid.
Peb. N.Y., Central Trust Co.
5
1903
1903
1,
Oct.,
London.
J.
A J.
A O.
A 8.
A O.
A D.
A J
A A.
8f:
June
June
"A"J. N. Y., Farmers' L. A Tr.
do
do
& D.
A
April 1,18SO
8. N.Y.. Office 18 Exch. Pi Sept. 1. 1914
D. S. Y. Office A London.
June 1, 1939
S. N. Y. Farmers' L. A Tr. March 1, 1896
AN.
AN.
A.
do
do
N. Y., Office, 6 Wall st
1st coup, due June, '92
AN
M.
M.
M.
300,000
772,000
l.OOO.OOO
3,500,000
250,000
3.750,000
636,000
500 Ac.
New Haven.Co.'s Office.
D. N. Y., Chem Nat. Bank,
Q.-J.
J.
1,000,000
5.OOO.OOO
l.OOO.OOO
1,000
1,000
1,000
1.000
In 1889,
2 "a
250,000
164,000
1,848,000
1,000
1,000
1,000
253eS30V. In 'PO to May 23, inclusive. 23%29^.
Prof-In 1878, 21i3>38; In 1879. 37ia>78%; In 1880, 47a93>4; In
XSSl.SO'sase'i: in 1882, 67388>4; In 1883, 72a>83: in 1884,in2OS71;
1888,
to 1885, 18357; In 1886. SO^SSl-s; In 1887, 59*76;
59 8 69 H>
62'sa(J7 1s; in 1889, 61>713i; In 1890, to May 23, inclusive,
fund
of
accumulative
an
liave
sinking
of
1878
lien
bonds
The first
" has decided
$100.000 yearly and might be drawn, but the company
shall
lie
only."
that redemption
by purchase
The 1st consol. funded coupon bonds are secured by lien of consolidated mortgage. On the second consolidated mortgage (Farmers'Loan
succe sslve
A Trust Co., trustee), no foreclosure can take p'aoe till six before
any
coupons are In default, but all ot one coupon must be paid
part of a subsequent coupon is paid. In 1883 the collateral trust bonds
redeemseeV.
Trust
Co.
5O9),
J.
S.
trustee;
38,
p.
were issued (the
able at 110 on three months' notice. The 2d consol. funded coupon bonds
of 1885 were issued to fund three past due coupons and the coupon of
Jnne 1886, the coupons being deposited as security. These bonds are
redeemable at any time at 105 and accrued interest. The Long Dock
mortgage for $7,500.000 was issued in 1885 (#3,000,000 being reserved
to meet tut; old Bonds), and the bonds are payable at 110 from land sales.
From Oct. 1 to March 3 1 (6 mos.) in 1*<89-HO, ^ross earning* were $13,-
S2s030%:
Cent.
18.600,000
2,000,000
2,OOO,OOO
1,000,000
1,200,000
3.200.OOO
58.119.982
3,444.000
P.500.OOO
8,000.000
44.305,000
14,500,000
30,000,000
* 22ft ,000
230,000
12,241.916
1OO
1869
1881
1887
1887
1880
1881
1887
1887
Hoi
Where Payable, and by
1910
8
50
12
16
'
.
When
$10,000,000
5.000.0OO
l.OOO
1.386.OOO
.
c*
c*
Kate per
$1.0011
1OO
1893 l.OOOAr.
1873
1,000
1881
1,000
1887
l.OOO
1887
1,000
100
1884
1,000
1H89
$A
1880 500 Ac.
1HWO 500 Ac.
1880 SOO Ac.
1880 50O Ac.
100
18S8
100
1890
424
320
374
437
437
437
437
He Table*.
111
INTEREST OR DIVIDENDS.
1890
MIS
123
12
12
54
B4
f.
First mortgage. Providence to Stonlngton
[VOL. L.
for year ending Sept. 30, 1889. In
Operations, Ac., lor four years past were :
1,
1937
CHRONICLE, V. 49,
INCOME ACCOUNT.
1885-86.
Keceipts
Total grossearn'gs..
405
4,151,917 5,26 L408
1,233,603 1,51?5,806
65,768
5,043
1,299,371 1,523,849
$
Disbursemetits
Rentals paid
$
Int.oncartr'stsAmls..
488
$
5,563,408
1,592.985
3,699
1,596,684
$
353,744
987,871
66,636
961,077
66,235
964,629
94,269
9,507
133,000
Interest on bonds*
Int. on floating debt...
1888-89.
490
8
$
3,863,994
1,243,389
35,411
1,278,800
Netearnings
Other receipts
Total Income
1887-88.
1886-87.
405
$
Miles opeiated
9
383,l!7a
1,006,162
8,543
l",367
135,975
170.341
139,416
1,267,640 1,172.231 1,492,398
1,566,746
Balance
sur. 11,160 sur.127,140 sur 31,451 sur. 29,938
*
Including interest on cost of Boston Terminal lands.
-(V. 48, p. 327, 526, 589, 662, 855; V. 49, p. 145, 301, 401, 758; V. 50,
7p.
c.
dlv.
onpr.
st'k..
Tot'l disb'ments..
926.793, against $12,713,076 in 1888-89; net, $4,752,183, against t4,- p. 174, 206, 245, 622, 669.)
386,754 net lees proportiau due roails operated on a percentage basis,
York
Haven & Hartford. Owns from Woodlawn,
$3,473,64fi, against $3,244,991; surplus (including other income) over
N. Y., to Springfield, Mass.. 1 23 miles branches to New Britain, Middlecharges, $420.337, against $253.270.
town
and
SufHeld,etc.,18
miles; total owned 141 miles; leased Shore Line
was
in
for
The annual report
published
year ending Sept. 30, 1889,
th* CHRONICLE V. 49, p. 720. The gross earnings include the N.Y. Penn. RR., 48 miles; Boston A New York Air Line and branch, 55m.; New
Haven
A
RR., New Haven, Conn., to Conway Juno.,
Northampton
lines.
& Ohio and all the leased
Mass., and branches, 137 m.; Naugatuck RR., Nangatuok Juno, to Win1886-7.
1887-8.
1888-9.
and
61
sted,
Coin.,
branch,
m.; Hart. A Conn. Valley, Hartford to FenTotal press earnings ........
$26,567,859 $27,217,9P9 $27,004,406
2,409.133 wiek,Conn.,46m.; other lines 20 m. total leased, 367 m.; total oper2,357,501
2,385.170
Proport'n paid leased lines.
ated, 508 m. The company uses the N. Y. A Har. RR. from Williamsleaving as gross revenue... $24.210,358 $24,832,819
Dridge Into N. Y. City and pays a large rent therefor. In July, 1887,
Total operating expenses. . .
17,390,673
18,003,469
17,854.425 the New Canaan road, the
Naugatuck, the New Haven A Northampton
..
Net earnings., .....
$6,819,685
$6,829,350
$t>.740 ,848 and the Hartford A Connecticut Valley were leased for 99 years.
565-4575
66-1454
66-1167
Divs. of 10 p.ct. have been paid regularly since consolidation In 1872.
P.c.oo.exp. to to gross earn
In 1889 authority was given to Increase the stock to $50,000,000 for
t OI these amount* there were paid to the N. Y. Penn. A Ohio as Its
TOportion (32 per cent of its gross earnings) 1886-87, $2,036,841 ; in improvements, buying stocks and bonds of leased roads, Ac Ac , ( V.
48, p. 688). and subsequently an increase to $18,600,000 was made.
"17-88, $2,040,919; In 1888-89, $2,045,216.
From July 1, 1889, to March 3 L, 1890 (9 mos.), gross earuinzs were
COMPARATIVE STATEMENT OF PKOFIT AND LOSS.
$7,558,927 in 1839; net, $2,674,627, against
1886-87.
1887-88.
1888-89 $7,961,748, against over
$1.07J,963; surplus
charges, $1,588,489, against $1,403,976.
Credit! $
$
9
Fiscal
will hereafter end Juue 30. Report for flsoal year ending
year
Net earning*
6,829,350
6,819,685
6,740,848
30, 1889, was in V. 49, p. 758.
Pavonia ferries-earnings..
272,527
305,225
343,758 Sept.
1835-86.
1988-89.
Interest on securities
1886-87.
1887-88.
401,508
391,897
432,656
265
265
503
508
Other credit items
266,623
240,719
300,090 Miles operated....
New
;
New
;
,,
.
'.
,
Total credits
Total debits...
7,760,343
7,158,514
7,767,191
7,028,348
7,817,352
7,012,576
Balance ................
(V. 48. p.
sur. 601,799 Bur. 738,843
r.ur. 774,776
222,800; V. 49, p. 22, 301, 580, 706, 717, 720, V. 50, p. 484,
New York A
.
IHassacUnaetta.
Owns from Poughkeepsle
G. P. 1-elton, President, Poughkeepsie, N. Y. (V. 47, p. 626.)
The mileage owned 18 ag fol
to Hopewell Junction, 215 miles Wlcopee to Newburg 3
miles Providence to WilUmantic, 59 miles ; branches Newton, Mass.,
to Woonsocket, R. I., 28 miles; East Thompson, Conn., to South'
bridge, Mass., 17 miles; East Hartford to Springfield, 27 miles; other
mall branches, 10 miles; total owned, 359 miles. Leases Rhod^ Id A
Mais , Franklin to Valley Falls. 14 miles; Vernon to Rockville, 4 milesFranklin to Ashland, 20 miles; B. A A. RR., 1 mile; Norwich A Worcester RR., 66 miles; total leased, 105 miles; also has running arrangements over 24 mllee more. Total, 48 8 miles. Controls Norwich A N Y
;
;
Steamer line.
The former Boston Hartford A Erie Railroad became insolvent and wa>
ucceeded by this company, formed in 1873. From Jan.l, 1884, to Jan
1, 1886, road was In bauds of receiver. Trustees of 1st mort. are Boston
Safe Deposit A Trust Co.
of 2d mort., W. T. Hart, E. C. Fitz, anil F J
Klngsberry. Stock ia reserved for $241,000 convertible Host. Hart A
r
bonds. Of the 2d mortg. bonds $998,000 bear 5 per cent
F t
^TSSll
to
Feb., 1892, and 6 for balance of term. There are also $362,625 real
estate mortgages and contract obligations.
It is proposed to guarantee 91,500,000 bonds of the
Rhode Id. A
Mass. RR., to be Usui d for double-tracking and
extending the Hue to
Providence A loo to lease the Woonsocket APascnagKR. (v'.50
Dn nds on pref. stock have been 7 p. ct. yearly since its issue inp 735
;
)
-
f
*' 1
9
7,890,209
5,434,288
9,970,036
7,126,778
10.313,353
7,435,985
Netearnings
Disbursements
2,826,126
2,455,921
2,843,258
2,877,368
debt;...
442,876
250,000
452,028
250,000
959,538
250,000
972,785
1271,513
692,876
2,133,250
1,550,000
702,028
Surplus..
Divid'ds pd.,10 p.o.
1,753,893
1,550,000
1,209,538
1,633,720
1,550,000
1,244,298
1,633,070
1,550,000
583,250
203,893
83,720
Rentals paid*
Interest
$7,5O9.
March 3l - 189 ' 6 months) gross earnings were
in 1888-89; net, 9975,676,
against
charges, $137,344, against $16,233
J '2
B*'?"
Dllt W.636,955
i,Ti
$843,671; surplus over
7,601,956
4,775,830
on
to
Boston Corners, 40 miles. This road embraces the former Poughkeepsie
Hartford A Boston, foreclosed in 1886. Farmers' Loan A Trust Company, trustee of mortgage. The bonds have not yet been issued. Stock
authorized. $2,500,000; par, $100; issued, $1,014.000. la year 188889 gross earnings were $67.562; net, *13,384; surnlus over rentals,
New York & New England.
lows: Boston
Total gross earns..
Oper. exp. and tax.
Total
Balance .
sur.
83,070
*
Including rents of depots and grounds.
t Includes $21,513 Interest on floating debt.
V. 4-, p. 100, 526, 662, 688, 764, 799; V. 49, p. 236, 373, 401, 540,
651,720, 758; V. 50, p, 245, 736.1
York
Northern. -Owns from 155th Street and 8th
New York City (connecting with Metropolitan Elevated), to
i. venue,
Bre waters, N. Y., and branch, 54 miles; double rack branch from Van
Cortlandtto Yonkere, 3 miles; operates 4 miles: total, 61 miles. TheN.Y.
City A Northern was sold in foreclosure Aug. 17, '87, and this company
was organized with common stock of $3,000,000 and non-cum. pref.
5 per cent stock of $6,000,000; par, $100.
Trustee of 1st mortg. U
Central Trust Co.; of 2d moitg.. Farmers' Loan A Trust Co.
Frum Oct. 1, 1889, to March 31, 1890 (6 months), gross earning*
were $262,306, against $247,299 In 1883-89; net, $28,898, against
$17,369.
For year ending Sept. 30, 1889, gross earnings were $567,213; net;
$94,320; interest paid, $60,000; construction acount, etc., $43,237.
- (V. 46, p. 449, 828; V. 47, p. 473; V. 49,
p. 652; V. 50, p. 241.)
York Ontario 'Western. (SeeMap.) OwnsOswego.N.Y.t
to Cornwall, N. Y., 273 miles; branches to New Berlin, 22 miles;
to Delhi, 17 miles: to Ellen vllle, 8 miles total owned, 3'ZO miles; leases
KandallsvlUe to Utica, 32 miles, and Clinton to Rome, 12 miles; Wharton Valley RR. to Edmeston, 7 m. By contract has right over West
New
&
i
&
New
;
Shore RR. from Cornwall to Weehawken, 53 miles, by payment of trackage; total operated, 424 miles. An extension from H'moock. N. Y. to
Scnvnton, Pa., 54 miles for coal freights is about completed.
The New York A Oswego Midland was sold in forejlosure Nov. 14,
1879, and this
company
organized.
In 1889 the consol. mortgage (Mercantile Trust Co., Trustee) for $10,000,000 was authorized $4,400,000 to be reserved for prior bonds, tne
MAT,
1890. J
KAILROAD STOCKS AND BONDS.
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104
INVESTORS' SUPPLEMENT.
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INVESTORS' SUPPLEMENT.
ab.erlb.r. wtll confer .
DESCRIPTION.
for explanation of column headings,
on first page of table*.
Ao., tee notes
Miles
of
TiTiT, prm^jpafATnt. guar. by N.Y. A
Oadtstnira * Lake Olutmplai
iDonM>Udated mortgage (now flret mort.)
Income bonds, not cumulative
N.
E.'.'.o'
66
66
118
nds
1O
623
~.,foi
8
WfnSrt Tcu7nnk -fundrK no^drawing.
.c;
SSSKEfe^gS^
393
393
393
222
oSfSp^fttSS^^CHS.^'^!^--"
1st on 40 mUes.c/
gold
103
103
169
203
132
t
108
564
>rAwi
Ohio *
.-1st mort., $12,000 per mile..
...
Old
1
(f
I.,
Oo^uNtock
Date
Size, or
of
Par
Road. IlomU Value.
68
-
Immediate notice of any error discovered In these Table*.
*ret fkror y
authorized, $15,000,000 ..... .c*
1880
1880
1838
1889
1883
1868
1868
1871
1874
1887
1886
1886
IHMI;
1887
1881
1889
500 Ac.
100 Ac.
"ibo
1,000
1,000
JJ200
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1874
1882
1884
'84-'88
1874
1880
1,000
1,000
1,000
1.000
1,000
1,000
1,000
When Where
Rate per
Cent.
J*
3,500,000
999.750
350,000
100,000
24,093,570
3,749,000
6,501,OOO
112,000
3,471,000
2,009,000
.
J.
M.
&
6
6
A.
A.
4
J.
J.
A
A
A
A
'
g.
6g.
4g5
N. Y., Mills Building.
g.
Vm
7
6
-
,
i
Central was made
An imnortant operating contract with Wisconsin and
Chicago, with
In May 18S9 giving N P. a route to Milwaukee to a lease to run b9
altered
ttrmiul's This contract was subsequently
Central
Company.)
Wisconsin
1890.
(See
ve "rs from April 1,
y
was chartered by act ol Congress July
aSikBJkWO*-TW8 company
oil
The land grant was 20 sections per mile in States ana 4U sec450 miles, toBisMiirck, was foretions in' Territories. *The road opened,
closed August 12, 1875, and reorganized Sept. 29, 1875.
has a preference for 8 per cent
stock
STOCKS AND BONDS.-The preferred
The common stock then
in each year if earned, but is not cumulative.
The pref. stock claim on
alike.
takes 8 per cent, and after that both share
Pref. stock is
for
new
equipment.
to
is
expenditures
subject
et income
Missouri River at par,
of
east
received in payment for company's lands
of preferred stock.
retirement
to
the
sold
lands
of
the
go
imd the proceeds
held by the
Of the outstanding debt June 30, 1839, $1.366,000 was 1st mort.
6s.
trustee of the sinking fund, $l,130.OOOof this being general
main
line and
on
the
first
lien
The general first mortgage bonds are a
mortdivisional
two
the
to
that
as
to
subject
part
on the lands, except
gages and that east of the Missouri River which is subject to the preare received
ferred stock. Central Trust Co. of N. Y. is trustee. The bonds
In payment for lands at 110 and interest, and proceeds of land sold must
110 and
not
a
bonds
at
of
these
exceeding
price
to
be applied
redemption
Interest Sinking fund of one per cent per annum of the total amount
as
included
land
sales
of
being
part of
issued
bonds
(the
of
proceeds
the one per cent) began in 1836, and the bonds may be drawn at 110,
bonds.
2d
for
the
fund
mortgage
similar
began
a
18&9
sinking
In
The 3d mortgage (see abstract V. 47, p. 22) has an accumulating sinkfor
issue
1
of
entire
to
in
pur1894
yearly
fund
to
equal
begin
ing
chase of bonds at 105 p. c., or for their redemption at maturity, but
Man.
Exten.
V.
of
Dul.
A
abstract
more.,
drawn.
be
bonds
to
(See
no
:
i
.
%
The consol. mortgage for $160,000,000 was issued according to plan
In CIIHONICLE V. 49, p. 373. (809 full abstract of mortgage trustee,
Farmers' Loan A Trust Co. -in V. 50, p. 279.)
Dividend of 11-1 p. ct. was paid on pi ef. stock in 1883, and in November, 1889, dividend of 1 percent was declared, payable Jan. 15, 1890,
and a back surplus due to pref. stock was fouLd of $2,844,429. (See
49. p. 654 ) In 1890, in Jan., April and June, paid 1 p. c. quarterly,
Prices of preferred stock since '79 have been: In '80, 393aa>07*v: in
'81 64'a88ie; in '82, 66%31003s; in '83, 49%90s; in '84, 37i4@57S8:
In '85, 36>s365%; in '86, 53^366^; in '87, 41%363is; in '83, 4i%
6 I- in '89, 53>s78 7b; in It90,to May 23, inclusive. 71%r6. Com
mon stock: In'80, 2036; In '81. 32*51; in '82, 28%54%; in '83,
SSigSSS's; in '84, 14*27; in '85, 1531M; in '86. 223138; in '87,
1890, to May 23, in
20334K in '88, 19 7
; in '39, 25*3638; in
V
s29%
303>38 78.
LAUDS. The land grant of the company was 12,800 acres per mile in
States and 25,600 acres per mile in territories, and the lands earned by
construction to June 30, 1889, were estimated to be about 46,824,960
acres, of which about 39,7^0,011 remained unsold.
For the fiscal year 1888-89 net land sales (less tales of previous years
canceled) were 573,214 acres for $1,827,995. Total sales, including
town lots, etc., were $2,217,645; net receipts for the year, $1,127,129.
In nine mouths ending March 31, 1890, gross earnings on 3,601 miles
were $16.792.255, against $14,624,492 on 3,451 miles for same period
in 1888-89; net, $7.261,642, against $5,871.421; surplus, including
other income (eat.) over fixed charges, $1,370,462, against $332,187
clttslTe,
actual In 1888-89. (See Article V. 50, p. 644.)
Fiscal year ends June 30. Report for 1888-89
508, 542, showing the following:
Mileage June 30....
Emmingt
Passenger
Freight
Hail, express, Ao...
was in V.
49, p. 502
Centals
Guarantees
Sinking funds
Miscellaneous
Sept. 1,
1938
Deo.
1989-
1,
April 1,1920
Boston, Office.
do
do
Ogdensburg, N. Y.
J.
D.
1,
1920
1920
1019
June
1,
1932
April,
April,
N. Y. Union Trust Co.
do
<1
June
Jan. 1, 1898
Jan. 1, 1898
April 1, 1911
1, 1905
1, 1897
1, 1936
1, 192&
1, 1936
1, 1937
1, 1921
1, 1921
July 1, 1930-
Nov.
SJ.Y.Kldder.Peab 'yACo Oct.
In default.
July
None paid.
April
N. Y. Central Trust Co. June
do
do
April
N. Y.,Corbin Bank'gCo. June
do
do
N. Y., Central Trust Co
li< >s ton
March
1,
1894
i9f.-6-7
Deo. 1, 1897
April 1, 1904
Boston, N. E. Trust Co
4,339,094
670,748
673,650
55,633
39,774
May
July 1, 1880-
.Office.
ro
do
do
do
do
do
1904
July
A 1938
1,
1894
Jan. 1,1910
1886-87.
1887-88.
1883-89.
4,456,536
752,757
696,650
112,698
6,445
4,703,955
782,359
881,072
224,095
17,813
4,917,833
1,159,263
1,060,738
343,30
91,228
1885-86.
m
,Utt-l nti AV** \vw WWAU
ten years after the date
fimc orovisions, whicn in most cases commence
at any
redeemable
are
T.
bonds
O.
The
bonds.
of ""sue of the respective
time on notice.
Last
Dividend.
N.Y., Winslow, L. A Co. Jan. 1. 1933
Boston, 2d National Bk. Jan. 6, 1890Boston, N. E. Trust Co. March 1, 1897
.fe
Disbursements
Interest on bonds...
do
do
O.
O.
A
A
A. A 0.
M. A N.
A. A O.
J. A J.
A. A O.
J. A D.
A. A O.
J. AD.
M. A N.
J. A J.
J. A 1.
M. A S.
Vario is
J. A 1>.
A. A O.
J.
J.
J. A J.
J. A J.
7
6
6
5
g
t
5
8.
Stocks
Whom.
j. "A'D. N. Y., Union Trust Co.
ilo
do
J.
J.
I ondon.
J.
J.
7
eg.
7
1,233,000
552,000
2,000,000
2,380,000
2,100,000
2,420,000
1.800,000
12,166,800
1,692,000
3,600,000
200.000
498.OOO
3,250,000
400,000
1,912,000
A 8.
A D.
A J.
A J.
6
5
404000
Payable, and by
Payable
6g- M.
J.
fg- J.
1888 1,750*0 $1,750,000
1890 l,000&o
3,o66",oo6
1883
1,000
100
2,620,300
400,000
1877
1,000
'75-6-7
Bonds for Framineham A Lowell" bonds ........c
Bonds not mort. ($750.0uO '8, due July, 1904).r
New Bedford RR. 1st mortgage
Bost. Clin. F. AS. B. mort. bonds
>al,When Due.
Amount
Outstanding
Total
6,609,294
6,025,056
7,572,371
5,778,899
518.637
65,707
481,478111,199
Balance, surplus....
-(V. 49, p. 158, 235, 301, 341, 373, 403, 404, 471, 502. 503, SOS,
40, 542,654,718,761,857; V. 50, p. 37,139, 187, 275,279, 314,590,
622, 644, 735.)
Northern Pacific Terminal Co. Owns terminal facilities on
he Willamette River. Oregon, at Portland, East Portland and Albiiia,
iomprising lands 270 acres, trackage 24 miles, buildings 39, dock
frontage V,904 feet. They are leased for fifty years from Jan. 1, 1883,
ointly and severally to the Nor. Pac. RR., the Oregon Ry. A Nav. Co.
ind the Oregon A Cal. RR., with a guaranteed rental sufficient to pay
nterest, sinking fund and taxes. The sinking fund begins in 1893 and
s to be sufficient to retire the bonds by maturity, bonds being
drawn at 110 and Interest. The stock of $3,000,000 is own<d by said
three companies (40 per cent by Ore. Railway A Navigation C o., 40 per
cent by Northern Pacific and 20 per cent by Oregon A Calif 01 nia RR.),
and held by Central Trust Co. of New York, to be delivered after payments to the sinking fund which is to cancel the bonds.
Norwich & Worcester. Owns from Norwich, Conn., to Wor59 miles; branch: Norwich to Allyn's Point, 7 miles;
Leased to N. Y. A New England RR. for 100 years from
cester, Mass.,
total, 66 miles.
Common
n
._.__
ments for
._
.
stock is
$293.108; pay-
J
rentals, $40//20; interest, $27,165; surplus over 8
percent
dividends, $17,900.
Ogdensbnrg
&.
Lake Champlaln. Owns
from Rouse's Point>
N. Y., to Ogdensburg, N. Y., 118 miles. On June 1, 1886, a perpetual
lease of this road was made to the Centra) Vermont RR. Co., the lessee
to pay interest on the bonds. Stock $3,077,000 (par, $100), of which a
majority is owned by Central Vermont.
In year ending March 31, 1838, gross earnings were $727,5 42; net,
$235,412; surp. over int. charge, $15,519. In 1883-9, gross earnings,
$714,954; net, $241,097; surplus over harges, $5,479. (V. 48, p. 222;
V. 49, p. 207, t54, 826; V. 50, p. 276, 707.)
Ohio tc Mississippi. This company owns a direct line from
Cincinnati, Ohio, to East Ht. Louis, HI., 338 miles; Louisville branch.
North Vernon to Jefferson ville, Ind., 53 miles; the Springfield DiviShawneetown, HI., 225 miles; New Alsion, Beardstown to
bany A Eastern, Watson to New Albany, Ind., 7 miles; total, 623 miles.
The Eastern and Western divisions were sold in foreclosure and the
Ohio A Mississippi Co. formed by consolidation Nov. 21, 1867.
The terms of preference in the pref. stock certificates were given in the
SUPPLEMENT of May 25, 1389, and previous issuee.
Of the general mortgage of 1883 $12,251,000 is reserved to exchange
for old bonds as they mature.
Cyrus C. Ukes. of Ind., and Union Trust
Co., of N. Y. are mortgage trustees.
Range of stock prices since 18b2 has been as follows: Co-nmon in
'83,21336%; in '84, I48ii5 78; 1in '85, 10k28is; in '86, 19%a35i>8:
I
in '88. 17 1s2t> e in 'c9, 1934324% in 1890, to May
in '87,
I
7
23, inclusive, 19 4@24 8. Pref. in '83, 96112>s; in '84. 4590; in
'85. 7178: in '88.79*91: in '87.7593; in '83 80*84; in 1889,
83 1
90; in 1890, to May 23, inclusive, no sales.
From July 1, 1889, to March 31, 1890 (9 mos.) gross earns, were
3,232,131, against $3,046,216 in 1888-9; net, $1,049,453, against
t 838,176.
Fiscal year ends June 30 report for 1888-89 in V. 49, p. 502.
2132
;
;
;
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KAILKOAD STOCKS AJH)
BO.ND-S.
141
INVESTORS'
149
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EAILROAB STOCKS AND BONDS.
143
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144
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Bond* Prlnel.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
pal.When Dna.
Amount Rate
Par
When
Where
Slocks Last
and
Of
Of
see
notes
Payable,
per
of
column
by
heading, Ac.,
For explanation
Whom.
Dividend.
Road Bonds Value. Outstanding Cent. Payable
on first page of tables.
Wat Jertev
.
.
.,
"
(8 6 p. e.
special".
.
ot dm. .. .o'
$12,500 yearly, not
Btm-k, $1 22,250
lt M., cum. Bin*.
! A..
.
.
,
mort
Consolidated mortgage ........................... r
Ooean City RR. and Salem UK bonds ............ c*
Bwedesboro BE. bonds ............................
Wood* town A Swedeeboro. let mort. .......... *o
lit consolidated
Wat Jeriei/ <t Atlantic-Bloc*
1st M. New Held to Allan. C.,33m.,drn
................
;
at lOO.oAr
Fleasantvllle A Ooean Ctty, 1st mort.. .. .........
let M., guar. by N.Y.C.AHud. ...... OAT
Wat Store
W. rirtrinia Cent, d Pittt.
1st M., g., ($^5,000 p. m) ..... .. ..... .. .......... 0Wat Tirainia <t Pittf 1st M. s. f. not drawn. * .0*c
Wat'n (Xta.}2A M. guar. Cen. Ga. and Ga. RR
Conaol. M., gold.guar. by Cent. Ga. and Ga. RR. .0*
Stock ....................
,
Watern d Atlantic
Watern Mari/land
Income bonds
.............
(1st m. cnd'd)
lOal
1st
& 2d pref. Ms.
3d M.,., endorsed by Baltimore
stock ..............
Ba
4th mort. City of Baltimore
5th mort, heH by City of Baltimore, s. fd .....
Baltimore A Harrisburg RR., three 1st morts
Mort. (for $690,000) ........................... c*
1st M.West.Ext.,gu. by indors.t$16,OOOp.m.).e*
Watern S. I. <t Penn*fania-8tock ($30,000,000)
1st mortgage ($10,000,000), gold ............... c*
2d mortgage (1st on equipment, etc.), gold ..... c*
do deb.inc.,non-cum.,red. at 100 alter 20 yrs.
do Income scrip, rod. at option ----- .... ......
Warren & Franklin, 1st mortgage ................
Watern Ifortn Carolina
1st consol. M.,now 1st M., g. ($12,500 p.m.) gu.e*
2d conBol. mort. ($lf>.OOO p.m.) ...................
OWKED
EAST OF MISS. BIVBB.
|
222
38
63
128
1HIHI
5(H) Ac.
1879
5OO Ac.
11
11
1868
1882
100 Ac
1,000
50
1,000
100 Ac.
l,OOOAr
100
1,000
1,000
$50
40
33
7
448
129
96
188*0
1880
1885
1881
1890
1870
1888
1373
138
138
138
90
90
90
90
1,000
1,000
l.OOO
SOOAr,
-i8Ati8
1870
1872
1887
500 Ac.
i88<;
1888
1,000
1,000
1887
1887
1,000
1,000
50
1865
500 Ac.
287
287
1884
1884
1,000
1,000
10O
MISS. K1VEB.
Miles
I
^_^_^
ft
Delrry.nearDetrolt.toButler 110
LEAHED EAST OF MISS. BIVBB.
Eel River RR., Butler to Logansport, Ind
Total coveredby 2d mort.. 1,105
Tot.own'dAleas'dW.ofMl8S.
Tot.
90,000
852,550
230,000
80,000
50,OO().OOO
123
,
RR
is leased to May, 1973.
Co. A Booneville
The Brunswick A Chillioothe was leased to St. L. K. C. A Nor. for 999 years. Its
bonds hear 6 per cent interest till Aug. 1, 1900, then 8 per cent till
i. was leased for 99 years
maturity. On April 1, 1887, the Eel River
(see that company.)
STOCKS AND BONDS.-The capital stock is $52,000.000, of which
$24,000,000 is pref.. Saving a preference of 7 p, r cent per annum
non-cumulative, and $28,000,000 is common; par both, $100. Abstracts
of all the mortgages weie published in the THRONICLE,
49 pp
270-273. The first mortgage covers lines both east and west of the
Mississippi, and enough tends are retained to retire the prior liens on
roads west: but the second mortgage covers only lines east of the
river. Of the debenture mortgage bonds *3, 500,000 ,are series
(preferred In respect to Interest payments only) and $26, 500,100 series B.
The series bonds received 3 per cent interest in Ife90 for 6 months
R
.
3,525,000
4,110.000
A
A
ending Dec. 31.1889,
There were certain roads acquired free from mortgage which were
pledged by the Purchasing Committee to the Central Trust Co in ti ust(1) To repay any unpaid advances made by the Trust Co. durinz reorganUation, and to provide lor any deficiency In funds to paylnterestoncertifk ate s for bonds deposited. (2) To pay debts agaiusWthe Receivers
or Purchasing Committee not otherwise provided for. (3) And after
the foregoing are satl-ned the proceeds of these railroads and the
Hume. A Shen. bonds, when sold, form a sinking fund to purchase the
fl ret mortgage bonds at 105;
but the bonds cannot be drawn These
roads were at that time theDes Moines A Northwestern, 115 milesDCB Molnes A St. Louis, 67; St. L. Jerseyvllle A Springtield 7l
Springfield A N. W., 44 Peoria Pekin A Jacksonville, 75 Attica Cov:
;
Champaign A
;
12- total, 399 miles- and
mortgage bonds of the Humenon A Shenandoah Railway to the amount
of $1,34 2.( 00. (The Springfield A Northwestern and the Peoria Pekin
15;
OPERATIONS, EARNINGS, Ac.
Southeast.,
The annual
Interest charge on the first
"Vjjecond mortgages will be about $2,615,000, and the debentures
call for $1,800,000 per year when earned (bur, not
cumulative), makluir
the charges ahead of preferred stouk about $4,415 000
From July 1, 1889, to March 31,1890 (9 months), ero'ss earnings wer
ftgftlUOlf -Ti-ji-OO.
WJ
.
year changed to end June 30. For six months ending Dec 31
pros eai mugs were *7,272,689; net earnings, $2,288,515; rentals
8
KC 2",1? J,/ whicu *277,15<5 was for accrued TutereVto "ufv "if
Fiscal
>
5 4 1 8
at
$254.960; taxes, $198.414; sundry-accounts
Ik
?
$33,178; iLteieet on debentures, $10r>,000- total Dftvments 2 31 TPlH.
'
\t.
',
1
balance, surplus, $288.478.
MM] ye*r will not an git gate as
-
A J.
A O.
J.
8"
A.
Jan. 1, 1937
Oct. 1, 1927
"
After 20 years
Feb. 1,
N. Y., 80 Broadway.
July
Oct.,
191
1914
1,
the lines east of the Mississippi River operated by the Receiver, and
the lines operated by the Wabash Western were as follows :
i
all
^Lines east of Miss. R.
Gross earnings
Operating expenses
v
Wabash West<rn.1887.
1888.
1887.
1898.
$6,902,109 $6,553,S62 $6,518,062 $5,7 79,583
4,784,359 5,380,188 4,680,124 4,398,39'
Net earnings
Other income
$2,117,750 $1,173,174 $1,837.938 $1,341.191
7,282
7,980
52,980
106,92"
Total net income
Taxes,r'nts,oar trusts, Ac.
Int.
.
$2,125,032 $1,181,151 $1,990.918 $1,483.113
592,357
653,268
419,231
394,006
Balance
$1,532,675
on bonds and rentals
$527,884 $1,496,912 $1,068,882
916,733
925,497
$1,532,675 $527,884 $580,174 $143,385
327, 382, 473. 626; V. 43, p. 68. 100, 190, 261, 325, 327,
42
333, 369, 389,
J, 556. 663, 689. 730, 829; V.49, p. 23, 145, 236,270,
301, 403, 435, 654, 690, 789; V. 50, p. 71, 139, 392.)
(V. 47, p. 42,
Ware River.
Palmer, Mass., to Winchendon, Mass., 49 miles,
leased for 999 years to the Boston A Albany Railroad at a rental of
per cent per annum. J. A. Rumrill, President, Springfield, Mass.
is
ttMVS5S?S3lStt^
much, the
will also be less
ILe earnings and income account for thepayments
past two calendar years'ol
'
Line of road, New Hampton Junction to Delawa
The road is leased/ in perpetuity to Delawa:
at 7 per cent on stock and bonds. John
Blair, President, Blairstown, N. J.
Warren, N.
J.
Bridge, N. J., 18*4 miles.
Lackawanna A Western
&
Point Lookout. Hyattsvllle, Md.,
Washington City
Shepherd, Md., 13 miles. This road was opened In 1873. Leased In pe
to
A
for $36.000 gold per annum, being li
the
Baltimore
Ohio
petulty
terest on debt (assumed by B. A O.), and $3,600 for an accumulatrv
fund-no
The
stock paid in Is $1,000,000.
drawings.
sinking
West Jersey. Main line and branches Camden to
Bridgeton, Kiddleton, Sea Isle, Ooean City, Ac., 179 miles;
A Atlantic Railroad.. 40 miles total, 222 miles operated.
Cape May
West Je
;
Sinking fund of $12,500 yearly for bonds of 1896 is Invested in con
pany's bonds and $603, 10d were so held Feb. 1, 1890.
D.vidends since 1.330 have been In 1881, 4; from 1832 to 1884, Inclusive, 3 and 3 scrip; from 1885 to 1887, inclusive, 6; in 1888, r"
in 188tf, 7; in 1390, March 15, S'a.
From Jan. 1 to March 31, 1890 (3 months) gross earnings were
$296,379, against $2ti2.530 in 18t9; deficit, *38,551, against $17,534.
The annual report for 1889 was published in the CHRONICLB, V. 50
p. 350. Income account has been as follows:
:
V
A South.,
A..
83 Surplus
70
Detroit, etc
;
Ington
J.
5,550,000
2.250.0OO
3,000,000
1,171,000
372,000
66,000
222,000
875,000
1,000,000
1,800,000
207,000
483.000
240,000
19,730,144
"5 g- j. "A'J. N. Y., Bk. of New York.
8,700,000
19,505,333 3g.or5sc. A. A O. Pald2 1s scrip Apr, '90
5
A. A O.
None paid.
334,000
1 453.989
5
A. A O.
None paid.
7
F.
A.
N.
Y.
A
800,000
Office, 35 Wall St.
TRACKAGE, ETC.
Laketon June, to Chicago
8 short pieces into Qulncy,
.
The Boone
20(i,OOO
533
oovVdby 1st A deb. M.,1,638
Opera'/dfor Purchasing Com.
G
The following is a statement of Maysv. to Pittefield (leased ) .
lines owned and leased west of the
Grand total operated
1,920
Mississippi and of trackage, Ac.
HISTORY. ORGANIZATION, Ac. The Wabash 8n. Louis A Pacific was
formed Nov. 7, 1879, by a consolidation of the Wabash Railway and
the St. L. K. C. A N. RK. In 1883 the road was leased to the Iron. Mt.
In May. 1884, receivers were appointed. Litigation fallowed and the
lines west of the Mississippi were organized in March, 1887, as the
Watiash Western. Reorganization was finally effected under the plan
dated Nov. 21, 1887, embodying parts of the old plan of July 15. 1885.
An outline of the principalleaturcs of this plan was published in the
INVESTORS' SUPPLEMENT up to January, 18-9. The Chicago Division
was forr closed March 11 and the omer lines on May 15, 1889, and oa
July 29. If 89, a consolidati n was perfected with the Wajash Western
under the new title of "The Wabash Railroad Company." The following are the Directors: James r'. Jov. Ossian D. Ashley, Thimas H.
Hubbard, Edgar T. Welles, Sidney Dillon. James F. How, Charles M
Hays, George J. Gould, 8. C. Reynolds, John T. Terry, Rinsell Sage,
Henry K. Mi-Hare, Cyrus J.Lawrence. Officers: OsslanD Ashlej Prev
James F. How, Vice-Pi esident
ident: Edgar T. Welles. Vice President,
and Treasurer; O. M. Hays, G.ueial Manager, and J. C. Otteson, Secre
tary.
750,000
2OO.OOO
275
St. Louis to near Kansas City
S'. L. Levee to Ferguson, Mo.
) 1
535
131
110 Moberly to Ottumwa, Mo
15
Salisonry to Glasgow, Mo
LEASED WEST OF MISS. KIVEB.
217
ham and Altamont, 111
80
31 Brunswick to Pattonsb'g, Mo.
Btreator to Fairbury.
21
to Co.uuibia, Mo...
Centralia
Edwardsto
Edwardsville
vllle Crossing, 111
6
7
8
T
32
15
670
630
630
630
OWNED WEST OF
A 8. Phila., Offloe,233 8o.4th Mar. 15, 1890
do
do
A J.
Jan., 1896
do
A O.
do
Oct.. 1899
do
Nov. 1.1909
M. AN.
do
do
1912 A 1925
do
4A5 F. A A.
do
do
7
J. A D.
Deo., 1H8
do
M. A N.
do
6
May 1. 1918
M. A 8. Phil. Office, 233 So. 4th. Mar. 15, 1890
-"3
M. A 8. Phila., Fidelity I. T. Co. Sept. 1, 1910
6
6
J. A J. Phila., Penn. RR. Office. July 1, 1910
4
J. A J. N. Y., Gr'd Cent. Depot Jan. 1, 2361
Bait Co.'s Office.
March 1,1889
* j. 'A'J.
Y.,T. H.Davis A Bait.
July 1, 1911
f
New York.
A A O.
April 1, 1990
A. A O. N. Y.KesslerACo. 54Wall Oct. 1, 1890
S* A.
A O.
do
do
Oct. 1. 1918
Atlanta, Co.'s Office.
Oct., 1890
Q-J.
J. A J.
1890 A 1895
J. A J. Balt.,N. Mechanics' B'k
Jan., 1900
J. A J.
do
do
Jan. 1, 1902
J. A J.
do
do
Jan. 1, 1927
Various Edit., Company's Offices, 1892, '95 A '99
do
do
Nov. 1, 1936
g M. A N.
5 g. M. A N.
do
do
May 1, 1938
M.
.',134,850
l.OOO.OOO
l.OOO.OOO
l.flOO
Miles
Toledo, O., to East Hannibal,
Camp Pt. and Elvastoc, 111,
Decatur, III ,to E. 8r. Louis..
Juno, near Chicago to Effing-
$
500\-c.
1
Receipts
,
1890.
STOCKS AND BONDS.
147
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Table*.
INVESTORS' SUPPLEMENT.
148
VOL. L.
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DESCRIPTION.
MAY,
MISCELLANEOUS STOCKS AND BONDS.
1890. J
8nbcrlbem
will confer a great favor
DESCRIPTION.
l>y
immediate notice
of
any error discovered In thene Table*.
IflO
Anbrlber*
INVESTORS'
will ronlrr a Great favor by glrtns
SUPPLEMENT.
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AY, 1390.
MISCELLANEOUS STOCKS AND BONDS.
131
INVESTOKS'
199
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DESCRIPTION.
MAY,
MISCELLANEOUS STOCKS AND BONDS.
1890.]
SON;
ranHin
1.13
m
ilurfrt'cshoro
G
'.
s E
v
E
i
MAP OF
EASTERN TENNESSEE
'
SI1OW1NO PBOFBRTT IH
R.'
Cocke
C
;
B E D F
F7F E
E
Greene Counties.
.'
G R
i
R D
&
U
N
D Y
\Valos
G I\L
E
S
^o
<>v
Pulaski
"VICTOR
I
TTSBURG/f
1ROH FURNACES V-k
A/r
B.
M
S
T
a N
A
D
I/S
j
N;'
/A
c
K
s
E
,'W A
CamdenV^x*^Liin
^^r
L
KfeE
R
Roclc
j
Complon
'
Village
SVV'V\. xST^
^J^
<<-
:--^sfXF
:
R
S
C L A
p irview
B
'
tt
A,U//
MAP SHOWING
LOCATION OF PROPERTY
ENSLEY>
PRATT COAL FIELDS/
IRMINGHAM
TENNESSEE COAL, IRON & RAILROAD
v
ALABAMA
TENNESSEE
f,
TOTAL,
-
-
LEY
Childersbivrtrvr
P-5W
/
/
-
-
-
-
81,99* ACRES
126,425
208,423 ACRES.
CO.
I*.
Subscriber*
For explanation of column headings, Ac., see notes on
page of tables.
Date
Size, or
of
Par
first
Terminal RR. A.it.-(0on) In M.81.L. Bdge.A Tunnel Co. 1879
Tunnel RK. of St. Louis, stock, guar
*
18s9
Consol. mortgage, gold
Value.
Outstanding
$5,000,000
1,250,000
1,000
7,4.00,000
1OO
100
100
1QO
farm it Company ErprettBtook
Otiion Telegraph Stock
Seal estate bds.,g.,(UeuouW.U.Bldg.,N.Y.C.)s.f.<notdr.) 1872
c <fcr 1875
Debentures (If drawn surrender Is optional)
o 1875
Debenture*, sinking fund 1 p. ot., drawn at 100
Watern
Ky
Whiubrcail Fuel- Stock
Gen. M., (now 1st) g.. a.
1st
f..
o*
for $2,000,000, gold.o*
M.
$3O.OOO. dr'n at IIP..
.0'
&r
1,OOO
1,000
1.000
1,000
100
18*8
1,000
.
.
1887-8.
9
$
819,914
6.259,371
1,250,393
6,825,955
1,477,341
6,440.932
7,509,754
8,303,296
2,224,807
969,896
66,000
159,150
1,274,176
210,018
2,506,584
1,045,398
3,070,779
920,906
132.450
1118,870
79,527
1,795,638
84,915
100,000
100,000
.
Totalrevenne
Dtiburtementt
Operating expenses
Paid oilier Bicrp'iig-cir associations.
Rentals of leased lines
Coupon Interest on bonds
Dividends on capital stock
Repairs of curs In excess of mileage.
Comingency account
1888-9.
1886-7.
5,621,018
Jtetenne
1,510,8'.IO
Bunds- Prln
INTEREST OR DIVIDENDS.
pal, When Dt
When Where Payable and by
Whom.
Cent.
Payable
Dividend.
Rate per
A.
I*
J.
A.
8,761,731
10,000,000
6,250,000
A
A
A
O.
New York and London
Oct.
(>
193<
Jan. 15,18:
Q.-J. N.Y., Offlce,195 B'way.
Aiir. 15, 181
Office,
J. N. Y.. Office,
A
May, 188C
7g. M. A
1,301.000
4,920,000
H50.692
8,500,000
1, 19.
1, lg>
1,
49 B'way.
63 B'way
J.
l>4
April
Jan.
J. N. Y., Drexel. M. A Co.
O. S. Y. Central Trust Co.
M.'A"N. N. Y.,
86,199,8.-V2
100*0
1888
INCOME ACCOUNT.
Earnings (leased lines Included)
Patent royalties, inanuf profits, Ac
Amount
$1,000
Texat Pat. Laiitt rr/.--'Certlflcates of proprietary Int."
Onited State* Ejpren Stock
Collateral Tmst bonds
Whectini/ Itriage <t Ter.
[VOL. L.
lavor by giving Immediate notice of any error discovered In thcue Table*.
confer a
\vlll
DESCRIPTION.
Well*,
SUPPLEMENT.
INVESTORS'
I
N. N. Y., Union Trust Co.
May 1, 19(.
M. A N. N. Y., Treasurer's Office May 1, lix
M. A 8. London. Morton, R. A Col March 1, 19<
.).
& J. N. Y.. Office. 195 B'way Jan. 1, 1931
J. A D. Bank of N. Y. A Boston. Dec. 1, 193f
Q.-F. N. Y. Office, 18 B'way. May 10, 18S
J. &
N. Y.. Atlantic Trust Co.
June 1, 190
1
1,300,000
670.000
6 g
D
lands received consisted of 3,450,642 acres, and also $899,731, secure
by purchasers' contracts. In 1SS8 there were sold 8,771 acres and
town lots for $25.808. Rentals received from grazing lands, $18,456
See description or lands iu V. 47, p. 341.
I lilted State*
Express. In Sept., 1837, the stock was increase
$3,000,000, raising it to $lu,i 00,000, and the B. A O. Express was pui
abased. B. A O. RR. owns $1,000,000 stock. Dividends since 188
have been: From 1881 to 1887, inclusive, 4 per cent; iu 1888, 5- 1
188. 5. In May, 1890, 2. Dividends will hereafter be paid senl-ai
Dually In May and November.
(V. 45, p. 303, 341, 348 )
Well*. Fargo Express. No annual reports or information. '
March, 1888, this company bought out the Erie Express of the f
Lake Erie A West. RR. Co. Dividends of 8 per cent yeanly have
paid for many years. (V. 46, p. 371; V. 48, p. 372.)
Western Union Telegraph. On Jan. 19, 1881, was date- ,
izrand consolidation, in which the Western Unlen raised its stock
$80.000,000, giving par. or $15.000,000. for the stock and bonds of tl
American Union 60 per cent for old Atlantic & Pacific stock iune
Western Union; and a stock distribution of 48 1s per cent to Wester
Union shareholders. This stock dividend was finally held to be legal i
the New York Court of Appeals in Oct., 1883.
In 1889 two cables aggregating nearly 1,700 miles in length wei
completed between Coney Island and Nova Scotia, giving compan
two woiking cables from New York City to En/laud. The aew cable
were paid for in cash.
The Mutual Union Telegraph made an opposition line, but in Feb., 188:
a lease was agreed upon. The Western Union also leases the Am. Cabli
with a guarantee of 5 per cent per annum on its stock of $14,000, OXK
In April. 1886, the quarterly dividend was paid in scrip, and no mor
dividends were paid till July, 1887, when cash dividends were resume
at 1 per cent, afterwards increased to
per cent quarterly.
In Jan. 1890, an extra dividend of % of one per cent was paid.
The collateral trust bonds of Ib88 (trustee of deed. Mercantile Tr
Co.) arc issued to retiie an equal amount of stock and bonds c>f variom
telegraph and cable companies for the Interest or dividends on
* " whicl
the Western Union Co. in liable, these when so retired to be hi
held
curity for the new bonds.
In October, 1887, the Baltimore A Ohio Telegraph Co. was purchased
by the W. U. ($3,875,000 of its stock) for 50,000 shares of W. U. stack
and $60,000 per annum as rental for 50 years. The mileage of wire
transferred by B. A O. to W. U. Tel. Co. was as follows: Owned. 52,603
I
i
Total disbursements
Netresult
(V. 47, p.
471; V. 48,
p.
4,904,047 5,494,192 6,051,765
1,536,885 2,015,562 2,251,531
128, 222, 260. 420, 530; V. 49. p. 511, 538.)
Quicksilver mining. Owns quicksilver mines at New Almaden,
Cat The preferred stock is entitled.fo7perct. per annum, not cumulative, and any surplus goes to the common and preferred equally. See
annual report for lf88-89 in V. 4P, p. 50, showing net Income applicable to dividends for the year of $131.621, against $328,728 in 1887-88.
Dividends have been: On common, iu 1881, 2 1* per cent; in 1882, 2-5;
nothing since. On preferred: In 1881. 9^; in 1882.6; in 1883. nil;
In
In. 1884. 3; in 1885, nil; in 1886,2%; iu 1387,3; in 1888, 6\
1589, 3; in 1890, Feb. 3, l>a May 1. Ha. (V. 47, p. 49 V. 49, p. 50.)
:
;
;
Soutbern Cotton OIL This company is organized under the laws
of the state of New Jer.sey, and owns eight crushing mills in as many
cities of the South, with an aggregate capacity of l,6i>0 Ions of seed per
day; also owns sir i\ fineries, etc. Paid 4 percent Feb., 1889, and 4
per cent June, 18S9. See statement to N. Y. Stock Excnange in full in
CHRONICLE V. 49, p. 401. Pres., Henry C. Butcher. (V. 49, p. 403, 404.;
Southern
Atlantic. -Lines leased to Western Union and stock
guaranteed by the rental, 5 per cent per annum.
Iron
Sterling
Railway. The property of this company, in
Orange County N. Y., (and a few acres in Rockland) consists of 25,000
acres of land, with furnaces, Ac., having a capacity of 15,000 tons of
pig iron per year, and 7*a miles of railroad, houses, Ac. The company
endorses the $471,674 bonds of the Sterling Mountain Ry. A. W. Humphreys, President. 45 William St.. N. Y.
&
&
Tennessee Coal Iron
& RR.
Company. (See J/.i/).)-This
blast furnaces, coal mines, iron mines, foundries, Ac.,
and coal and iron lands, in Tennessee and Alabama. The total are.* of
mineral lamia and rights owned by thb company Is 208,323 acres, of
which 81,998 acres are ia Alabama and 126.425 ac es are in Tennessee.
Of the latter 58,1 35'5 lie in Cooke and Green counties in the eastern
portionof thestateou thebordeis of Notth Carolina. See a full statement of the property in V. 44, p. 245. Of the Birmingham Division
bonds $1.000,000 are reserved to retire prior issues at maturity. The
toJal funded debt Jan. 31, 1890, was $6,183,600, and sinking tunds held
at ame date ami uuted to $981,240, leaving net debt $5,202,360.
Dividends have been In 1887, 1 on common; in 1888. nil; in 1889,
8 on preferred; in 1890, Jan. 1, 2< B the remaining II B percent being
taken by State as tax under law now repealed. (See V. 50 p. 72.)
From Feb. 1,1890, to ApiilSO, 1890 (3 months), net earnings, partly
estimated, were $236,400. against $152,100 in 1889.
Fiscal year ends Jan. 31. See annual report for 1889-90 in full in
ORUMCI.K, V. 50, p. 620, 628.
company owns
:
;
m
i
Number of offices taken OYOT
about 1,000, of which 250 were not duplicated by the W. U.
The range in prices of stocks for a series of years has been In 1881.
77 (ex. oertlf.)
137'e; in 1882, 76>93e; in 1883, 71%388 4'; ill
miles; leased, 1,504, controlled, 4,480.
:
1
1884,
4973
aSl'g: In
inclusive,
53>a8139; in 1886, 60ia80i; in 1887, 67>i
1888, 70^eS86^i; in 1889 81%988*i; in 1890 to May 23
1
;
in 1885.
Sma 37.
-
The statement for the quarter ending Men. 31, 1890 (partly estimated)
was as follows, compared with the actual figures for same quar. in 1889:
.
-
,
OPEKAT.ONS.
1887-88.
1858-89.
Tutu.
Tni.t.
Coal, output ..................
1,168,364
Coke, output .................
329,987
109,160
107,750
$
626,975
263,743
1,375,577
456,605
200,750
126,271
Pig iron, output ..............
Iron ore, output ...............
Total net pn (Its ............ ..
Inteicaton bonds .............
Miseellaneous Interest, &o...
Dividends .............. . ......
Total disbursements ......
Balance, surplus ..............
14,531
98,300
37d,'.79
250.396
3 526:
-
1889-90.
Tons.
1,619,020
509,P03
264,648
124,574
$
$
666,092
322,291
14,406
40,000
781,300
351,484
22,243
80,000
376,697
453727
289,395
22~',573
9 - p *03 ' 690i v
-
-
Terminal Kit. Axsoelatlon of St. Louis. Thin
1
89
f th6 8' I-l^Wge andof
Sff HlrtfS
1""and
'ST
nel
R.Hro*d of St. Louis,
has also purchased the
P
the Tun:
Union Dejot Company, ot St. Louis, and f the Union properties of the
Railway & Trin
ait Companies an<f Terminal Railroads of St.
Louis and East*5t Louis'
Th company is composed of the following
proprietary lines which we
V?
t
<
ee:
T' e
A
si I^uTs, LOUJS
~Tlie leases of the Bridge a"d the Tunnel are for the
terms of their cor-
SSSS^&Saaf'^^SSSS
^BsSfSSfK^s^sssi^^
Quarter ceding if arch 31.
Estimated, 1390,
Actual, 1889.
Ntt revenue ............................... $1,363,813
$1,550,000
DednctInterest on bonds ..... ." ........ $189,087
$214,955
20,100
Sinking fund ....................
20,000
209,087
--
Net revenue ............................... $1,154,726
Less dividend ...................
Surplus for quarter
Add nominal surplus Deo. 31
1
(I * p. e.)
1,077,376
.
$77,350
234,955
$1,315,045
0.) 1,077,391
$237,654
9,357,308
8,319,>s54
Nominal surplus Men. 31
$8,397,204
$9,594,957
President Green, in his annual report for 1887-8, made explanations
as to the nominal surplus of the company. (See CHRONICLE, v. 47, p.
440.)
Fiscal year ends June 30; report for 1888-89 was
V. 49, p. 489.
1886-87.
1887-83.
188S-89.
Re venues for the year
$17,191,910 $19,711,164 $20,783,194
m
Expenses
Operating and gen. expenses ..
Ken tals of leased lines. ... _...
Maintenance A reconstruction.
Taxes
Equipment of offices and wires.
Total expenses
Profits
DUburtementt
Fordividends
For Interest on bonds
Fer sinking funds
Total disbursements
Balance of profits
Surplus July l(begin'g of yr.)..
Balance of profits for year
$9,077,445
1,899,954
1,673,670
278,594
224,965
$10,065,843
1,942,486
2,035,126
355,878
241,259
$10,515,185
$13,154,628 $14,640,592
$4,037,282 $5,070,57Z
$14,565,153
$6,218,041
$811,864
493,074
39,991
$4,043,950
490,258
40,000
$1,309,520
755.686
39,982
$1,344,929
$2,692,353
$4.309,835
2,692,353
$4,574,208
$5,105,188
$1,112,853
$7,498,549
1,112,853
$496,364
$7,002,185
496,364
1,647,509
1,878,533
333,568
190,358
Total nominal surplus June
30 (end of year)
$7,002.188 $7,498,549
$8,611,409
(V. 48, p. 70, 127, 190. 221, 490, 530, 800; V. 49, p. 53,469, 789; V.
392.)
205,
390,
50, p.
245,
Terminal. The company is constructing
Wheeling Bridge
a railway bridge between Wheeling, West Va. and .Martin's Ferry, Ohio.
Whitebreast Fuel. Owns 2,797 acres, and leases in perpmuity
98O acres ooal land at Cleveland, In Lucas Co , and at Marysvllle and
Swan. Marion Co., Iowa. Organized as Whktebreast Coal Mining Oo. Jan.
16, 1876; reorganized as Whitebreast Coal Ca. Aptil 30, lS8U.aud under
present title July 2, 1847. See application to N. Y. Scojk Exchange In
full, CHRONICI/B, V. 45, p. 676.
From July 1, I8s9.ro VCaroh 31, 1890 (9 moa.), net earnings, $115,101, against $124,783 in 1388-89.
In year e iding June 30, 1339, grass earning were $591,413; net,
$164,951 surplus over Interest, sinking fund $ >0.000 ami dlvidaudg.
(7 per cent) $5,951. President, J. 0. Oagood, 13 Broad ictty, Kow York,
&
;
MAY,
1S90.1
BANK, GAS, INSURANCE AND RAILROAD STOCKS.
INSURANCE STOCK
BANK STOCK LIST.
ITS
LIST.
136
INVESTORS'
SUPPLEMENT.
MONTHLY EARNINGS OF PRINCIPAL RAILROADS.
[Vou
=MAY,
1890.]
RAILEOAD EARNINGS.
MONTHLY EARNINGS OF PRINCIPAL
RAILROADS-(Conelnded).
157
CAST STEEL WORK
OF
ZFIRXDE D.
IKIDRTJIFIP,
ESSE1V,
American Office,
5 Gold Street,
Yorl
Box 2878.
P. O.
Represented by
New
THOMAS PROSSER &
SON.
These Works cover an area of 1,200 acres, employ about 18,000 men, have the most improved plant, and..jrt
unique, from the fact that they have their own Ore and Coal Mines, blast Furnaces, etc., and that every stage of
m ufacture is under tkeir own supervision, and are not (like others) dependent on the open market for & miscellaneous assortment of crude material; which, in connection with 75 years' experience, enables them to turn out, a
product of a very superior quality, second to none, and at the same time the different grades of Steel are always of
the tame uniform quality.
Locomoive Tires, Steel-Tired "Wheels, Cranli-IMns,
Shafts,
AND
STEEL FORCINGS
;UP
STEEL OF EVERT DESCRIPTION FORGED, ROLLED,
After a
over 25 years the "
"
Tire
&c.,
TO 50 TONS.
ANY FORM OR
INTO
ARTICLE DESII
has proved
itself to be the best in the market, and
Krupp
partie
"
intending ordering Locomotives will find it economy to insert among their specifications that " Krupp Tires
used on drivers, and thereby obtain an article whic *;;, give satisfaction.
test of
1
:
HERRING &
CO.,
GOLD
PARIS
MEDAL.
1889.
Protected
i spindles
Agaiiist
Dynamite
!
around which explosives cannot be introduced.
Safes without spindles.
* 8** **>** a" 11"* be drilled by burglars using a
blow-pipe to soften steel plates.
f
Salesrooms, IVos.
as 1 and 252 Broadway, IVew York
@FedFRASER