The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
i
mm
|nk sta'
t
OF TIIK
C ommercial
&
Fi nancial Qhronicle.
1889.
30,
JSTo^rexnJDGio
VOLUME
c
X LI X
*
WILLIAM
m
The
B.
DANA
& CO, PUBLISHERS,
WILLIAM STREET,
Investors' Supplement
is
:\E\V
YOKE.
issued once in two months,
viz.,
on the last Saturday
September and November, and one copy of each issue is ~]
Extra copies are sold to subscribers of
every subscriber of the CHRONICLE.
January, March, May, July,
furnished to
the
CHRONICLE
-,d
at 50 cents each, or to others than subscribexs at $1 per copy.
according to Act of Congress in the year 1889, by
Wm.
B.
Dana &
Co., In the office of the Librarian of Congress, Washington, D.
C]
CHRYSTIE & JANNEY
BANKERS,
Wall
6
Street,
NJEW YORK.
Transact a general banking business.
Receive deposits subject to check at sight.
Allow interest on daily balances.
Deal in railroad bonds, and State, County and Municipal securities.
Make collection of drafts, notes, dividends and coupons throughout the United States and Canada.
Give special attention to consignments of bullion, and make liberal advances on same when desired.
VERMILYE &
16
&
18 Nassau
Street,
CO.,
New
York.
ALL SECURITIES LISTED AT THE NEW YORK, PHILADELPHIA \M> BOSTON
STOCK EXCHANGES BOUGHT AND SOLD ON COMMISSION.
RECEIVED
DEPOSITS
GOVERNMENT, CITY
AND
INTEREST ALLOWED ON BALANCES, SUBJECT TO
DRAFTS AT SIGHT.
AND
RAILROAD BONDS, AND OTHER CHOICE INVESTMENTS,
AND ON HAND FOR IMMEDIATE DELIVERY.
SAMUEL
D. DAVIS
BANKERS,
42 WALL STREET,
and
&
M_ .
NEW
)
FOR
SALE
CO.,
^-^
YORK.
39 PINE STREET,
MEMBERS NEW YORK STOCK EXCHANGE.
INVESTMENT SECURITIES A SPECIALTY.
ALLOWED ON DEPOSITS SUBJECT TO SIGHT
INTEREST
SAMUEL
.AMI i.i.
*=,
D. DAVIS, of
v.
J S FARLEE
J. S.
WOOD
A.
DAVIS.
CHARLE*
B.
D.
FARLEE.
FARLEE &STK
BROTHER,
IVASSATJ
e-ET,
P.O. Box 1466.
Brokers and Dealers
in
NEW
YORK.
Investment Bonds and Stocks.
STATE, MUNICIPAL,
AND APPROVED
RAILROAD
PAYING FROM 4 TO
for
VAN NOSTRA \D.
ROBERT
JNO. 7
On hand
DRAFT.
Immediate Delivery, suitable
Conservative Investors.
BONDS,
6
PER CENT,
Savings Banks, Trust
Correspondence Solicited.
for
Funds and
other
nksto'
OF THK
r pMBIERClAL &
flMNClAL QhRONICLE.
[Entered according to act of Congress, In the year 1889, by
VOL.
49.
NEW
Wm.
B.
Dana A
Co., In the office of the Librarian of Congress,
YORK, NOVEMBER
INVESTOR3' SUPPLEMENT.
30,
Washington, D. C.J
1889.
INDEX TO RAILROAD MORTGAGES (CONCLUDED).
DANA
4c CO., Publishers,
1VILL.1A.TI B.
102 William Street. Xete York.
RAILROAD MAPS IN THE SUPPLEMENT.
Map.
Alabama Midland
Atchison Topeka A Santa Fe
* Danville
Baltimore & Ohio
But a'.o Rochester A Pittsburg
Cape Girardeau Southwestern
Central EB. A Banking Co. ol Georgia
Page.
23
24 and 25
Vol. Page.
Baltimore A Ohio RR. Consol. M. 5s, due Feb. 1, 1988
Brooklyn Elevated Un. El. 1st M. 6s of 1887, due 1937..
Un. El. second M. of 1887, due 19*7
Central RR. ABk. Co. of Ga. Col.Tiust 5s, due May 1, 1937
Central RR. Co. of N. J. Gen. M. 5s, due July 1, 187
Central Paoiflc RR. M. 6s, due Oct. 1, 1836
Chesapeake A Ohio Rv, 1st M. 6s, due July 1, 1908
2dM. s, due July 1, 1918
27
1st consol. M. 5, uue May 1, 1939
29
1st M. Peninsula ext. 6s, due Jan. 1. 1911
31
1st M. extensions, 6s, due June 1, 1922
33
35 Chic Burl. A Q., Nebraska ext. 4s, dueMav 1, 19*27
39 O.M.&8t.P.Ry.lBtM.,Cbio.AL.Suu'rdiv.5s,due July 1,1921.
Centralia A heeler
1st M. Chic. A Milwaukee div. 7s. due Jan. 1, 1903
37
Central New England & Western
IstM. Chic. AMo. River div. 5s,dueJuly 1, 1926
38
Central RK. of New Jeisey
40
IstM. Chic A Pacifio RR. Us, due Jan. 1, 1910
Charleston Cincinnati A Chioago
42
IstM. Chic. A Pao. West. div. 5s, due Jan. 1, 1921
Chesapeake & Ohio
45
Cons. M. 7s, due July 1, 1905
Milwaukee & St. Paul
Chicago
47
lttM. Dak. AGt. South. Ry. 5s, due Jan. 1, 1916
Chicago & Northwestern
49
IstM. Dubuque div. 6s, due July 1,1920
Rock Island & Pacific
Chicago
IstM. Fargo A Southern Ry. 6s, due Jan. 1,1924
51
Chicago St. Paul A Kansas City
53
1st M. Hastings & Dak. exten. 7s, due Jan. 1910
Cincinnati New Orleans & Texas Pacific
15
IstM. Iowa A Dakota div. 7s, due July 1, 1908
Cleveland Cincinnati Chicago A St. Louis
159
1st M. Lacrosse A Davenport div. 5s, due July 1, 1919.
Colorado Coal & Iron Company
57
1st M. Mineral Point div. 5s, due July 1, 1910
Colorado Midland
58
1st M. River division 7s, due Jan. 1, 1902
Delaware Lackawanna & Western
157
1st M. Southern Minn. div. 6s, due Jan. 1, 1910
Delaware A Hudson Canal Co.'s Lines
60
Terminal M. 5e, due July 1, 1914
Denver* Rio Grande
61
Denver Texas & Fort Worth
1st M. Western Union RR. 6s, due July I, 1909 ...
63
Duluth South Shore <fc Atlantic
IstM. Wiscon. A Minn. div. 5s, due July 1, 1921
East Tennessee Virginia & Gc orgia
65
1st M. Wiscoo. Valley div. 6s, due July 1, 192i>. .
Evansville & T. rre Haute
66
General M. 4s of 1889, due 1989
Flint* Pere Marquette
68 C. Rock r. APac. lstM.,C.Kan.ANeb.Ry.6s,dueJulyl, 1934*'
69
IstM. Exten. A (Jollat. 5s, due July 1,1934
Georgia Carolina <x Northern
71
1st M. St. Joseph A Iowa RR. 6s, due July 1, 1935 .
Georgia Sou' lit rn & Floiida
72
Gulf Colorado A Santa Fe
IstM. Wis. Minn. A Pac. Ry. 6s, due Oct. 1, 1934
Hudson ^spension Biidge A New England
73 Cincin. Jackson A Mack'w 1st Con. M. 5s, due Dec 1,1936.
75 Colorado Midland Ry. IstM. 6s, due June 1, 1936
Illinois Central
Jacksonville Tan; pa & Key West
77 Denver A Rio Grande 1st Con. U. 4s, due Jan. 2, 1936
Kansas City Wyandotte A Northwestern
79
Improvement M. 5s, due June 1, 1928
80 Duluth South Shore A At. Ry. 1st M. 5s, due Jan. 1, 1937
Kentucky Union
82 Fort Worth A Denver City Ry. 1 st M. 6s, due De c. 1 1 92 1
Lake Erie A Western
84 Georgia Car. A North'n R'y lstM. 5s, cue July 1, 1929
Lehigh Valley
LoulsviileEvansvilleASt. LouisCon. See Evansville ATerre Haute. 66 Gulf Col. A Santa Fe Ry. 1st M. 7s, due July 1, 1U09.
86
2d M. 6s, due Oct. 1, 1923
Louisville* Nishville
87 Iowa Central Ut M. 5s of 1888, due 1938
Louisville New Albany A Chicago
.".".'."
Louisville New Orleans A Texas
89 Kan. City Memphis A hit m. 1st M. 5s, due Mar. 1, 1927,
90 Kansas City Springfield A Memphis
Louisville St. Louis * Texas
91 Kentucky Central Ry. 1st M. 4s, due July 1, 1987
Marietta A North Georgia
93 Klrgs County Kiev. R'y 1st M. 5s, due Jan. 1, 1925 .
Mexican Central
Mexican National
95 Lake Erie A Western, IstM. 5s, duo Jan. 1, 1937
!.""
96 Louisv. E. ASt.L. Con.RR. 1st Con. M. 5s, due July. 1, 1939
Milwaukee Lane Shore A Western
Milwaukee A Northern
98 Louisville Southern RR. 1 st M. 6s, due Mar h 1, 1917
99
Lease to Louis. New Albany A Chioago
Minneapolis St. Paul A St. Ste Marie
*
101 Mexcan Cent. R'y Cons. Mortgages, due 1911 and i.939*
Mobile A Ohio
103 M. St. P.AS.Ste.Marie Ry. 1st cons. M. 5s, due July 1,1938
Monterey A Mexican Gulf
New York Ontario A Western
107
1st M. Minn. S. Ste. Marie Aatl.Ry.5s,due Jan, 1,1926
109 Mo.Kan. A Texas Ry. Genl. Cons. M. 6s, due Dec. 1. 1920
New York Susquehanna A Western
Norfolk A Western
110
1st M. L. G. 7s, due 1904-1906
113 Missouri Paoiflc Ry. 1st Cons. M. 6s, due Nov. 1, 1920
Northern Pacifio
114 Mobile A Birmingham Ry. 1st M. 5s, due Jan. 1, 1937
Omaha Dodge City A Southern
116 Mobile A Ohio RR. Genl. M. 4s, due Sept. 1,1938
Oregon Pacific
Pacific Short Line
117 New York Chicago A Sr. Louis 1st M. 4s, due Oct. 1, 1937'
118 N. Y.Ontario A West. R'y Cons, let M. 5b, due Juno 1, 1939
Pennsylvania
120 Norfolk A Western 1st M. Clinch Val. 5s, due June 1,1957
Pennsylvania Poughkeepsie A Boston
Peoria Decatur A Evansville. See Evansville A rcrre Haute
66 Northern Pacifio 3rd M. 6s, due Dec. 1, 1937
Duluth A Mani'oba IstM. Dak. Ex. 6s, due June i, 1937
123
Pittsburg A Western
37 Ohio Indiana A Western 1st M. 5s, due April 1, 1938
Poughkeepsie Bridge. See Central New England A Western
Richmond A West Point Terminal
125
2d M. 5s, due April 1, 1938
Rio Grande Western
127 Omaha A St. Louis Ry. IstM. 4s, due Jan. 1, 1*937 '""
Rome Watertown A Ogdensburg
129 Oregon Pacifio RR. 1st M. 6s, due Oct. 1, 1900
Bt. Louis Alton A Terre Haute
130 Philadelphia A Reading Genl. M. 4s, due Jan. i, 1958
Bt. Louis A Ban Francisco
131
1st Pref. Inc. M. 5s, due Jan. 1, 1958
Bt. Paul Minneapolis A Manitoba
133
2d Pref. Inc. M. 5s, due Jan. 1, 1958
Ban Antonio A Aransas Pass
3d Pref. Inc. M. 5s, due Jan. 1, 1958
..135
Ban Franoisco A North Pacific
136 Pittsburg A Western Ry. 1st M. 4s, due July 1, 1917
Seattle Lake Shore A Eastern
138 Pouglmeepsie Bridge Co. 1st Jrf. 6s, due Aug. 1, 1936
Southern Pacifio Company
140 Richmond A W. P. Ter. Co. Col. Trust 6s, due Feb. 1, 1897
Tennessee M d'and
141
Consol. 1st collateral M. 5s, due March 1, 1914
Terre Haute A Peoria
143 Rio Grande West. R'y 1st Trust M. 4s, due July 1 1939
Texas A Pacifio
144 Bt. Louis Ark. A Texas Ry. 1st M. 6s, due May 1. 1936
Toledo Ann Arbor A North Mich
2d M. 6s, due May 1. 1936
145
Toledo A Ohio Central Extension
146 Bt. P. M. A M. Ry. 1st M. Men. Ext,, 4s, due June i", 1937.'.'
Toledo St. Louis A Kansas City
148 San Ant. A Aran. Ry. 1st M., on ext., 6s, due July 1, 1926
Union Pacific
150 Ban Fran. A North Pac. R'y 1st M. 5s, due Jan. 1, 1919
Wabash
152 Savannah A West. RR. 1st Cons. M. Ss, due March 1, 1929
Southern Pacific gen. M. 5s of 1888, due 1938
Texas A Pacific Ry. 1st M. 5s, duo June 1, 2000
2nd M. 5s,due Dec. 1, 2000
Vol. Page. Toledo Peoria & West. Ry. IstM. 4s, due July 1,1817
Atchison Topeka A Santa Fe. All the principal mortgages i
(546 Toledo 8. L. A Kan. City Ry. 1ft M. 6s, due June 1, lalrC"
of this com| any were published in the Chronicle of ,
49 < to Virginia Midland Ry. Genl. M. 5s. due Maw 1, 1936.
October 26, 1889
(551 Wabash RR. IstM. Ss, Uue May 1, 1939
)
Atlantic APac. KR. 1st Otiar.Trust M. 4s, due Jan. 1,1937.
49
302
2dM. 5s, due Feb. 1,1939
1st M. Western dlT. 6s, due July 1, 1910
49
302
Deb. M. (is, due July 1, 1939
''."'.
"""
2.1 M Western dlv. 6s. due Sept. 1, 1907
49
303 Western N. Y. A Penn. Ry. 1st M. 5s, due Jan. 1, 1917
Income M. Western dlr. ds, due Oct. 1,1910
49
01
2nd M. 3 to 4 percent, due Oof. 1, 11)2".
1st M Central div. 6s, due March 1,1932
49
303 West Shot e 1st M. 4s of 1885, due *3ol.
Atlantic
i
<
.
,
.
,
INDEX TO RAILROAD MORTGAGES.
.
46
49
49
45
45
45
45
45
49
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
48
47
47
47
47
45
45
47
47
45
45
49
45
45
49
45
45
45
49
46
49
49
49
49
47
45
47
47
47
45
47
45
49
45
47
45
47
47
45
49
46
47
47
47
45
45
45
49
49
45
45
45
45
49
49
49
47
47
45
45
47
49
49
49
47
47
42
804
583
584
242
402
241
54
55
147
55
55
441
146
85
213
144
145
86
213
144
212
144
114
114
145
85
114
212
114
145
145
830
262
260
261
261
574
540
228
229
274
440
239
241
241
582
575
574
372
237
45
208
342
343
177
142:
243
170
227
287
274
83
541
238
541
22
273
201
201
213
240*
679
141
142
142
439
275-
575
115
237
644
644
342
372
241
240
509
82
82
242
403
23
27(1
2-;
2
273
109
110
1,0
INVESTORS' SUPPLEMENT.
RAILROAD BONDS REDEEMABLE BEFORE
MATURITY.
[Vol.
XL1X.
which serves to keep the market price of the bond at a
lower figure and prejudices the bond buyer against
rather than in its favor.
There has been a great demand among investors and
dealers in investment securities for a compilation showrailroad bonds which may be drawn or called in
it
bonds embraced in these extended
tables includes those whjh by their terms may all be
Another
class of
called in and paid off at some date before maturity.
before the date of their maturity.
There are many examples of this sort, and the strong
It is obvious to any one familiar with railroad statis- railroad companies that are paying 6 and 7 per cent on
tics that the preparation of such a table would be accom- old bonds, and whose credit has [so risen that they can
and most extended
panied with a vast amount of labor
easily sell a 4 or 5 per cent bond near par, are on the
railroad mortgages and the alert to take
research among hundreds of
advantage of any options which permit
balance sheets and sinking fund tables of a great number them to call in the old bonds and pay them off
of railroads, together with a sifting of all current infor- immediately.
There is little comment to be made
on the subject, such as the published notices of upon this in principle; it is simply a right or
mation
bonds drawn, changes in terms or methods of redemp- option reserved in the original contract, and should
to
tion, if any, and various other matters not apparent
be very plainly stated on the face of the bond
Notwithstanding the great so that every purchaser can know what he is buying.
the casual observer.
amount of time and labor required in the preparation of There have been many issues, however, where the terms
and the
this list, one of the editors of the Chronicle under- were obscure or not well known to the
ing
public,
September last, and after two months of unre- tables following will be of great use in showing up
out one of the
mitting work expended on it has turned
clearly the points of each case.
most complete compilations ever printed in any of the
In making use of these tables care should be taken to
Chronicle's publications. It occupies nine solid pages read the explanations below. In the first column of
of fine type, and it is trusted that the readers of the figures headed " annual sinking fund, if any," it will
Chronicle and Supplement will find this table of be observed that the word " none" often occurs,
took
it
in
as its usefulness
great permanent value for reference,
must last so long as the bonds named therein are yet outstanding, and some of them have many years yet to run.
The demand which has arisen for this table of bonds
in the history of American investments.
a sinking fund established by the mortgage
marks an era
Formerly
for the annual drawing of a certain amount of bonds
each year was considered a good thing and added to the
Railroad investvalue of the bonds as an investment.
the
as of great stability
ments were not then regarded
interest on Western railroad bonds ranged
rates of
at 7 to 10 per cent, and to have the companies pay off
a part of the principal each year was considered a conservative business method, and each drawing fortified the
and strengthened the balance
position of the company
But as time went on views changed on
of the loan.
Rates of interest on the best classes of
this subject.
railroad bonds fell to 5 and 6 per cent, and the growth
of the country had proved to be so steady and continuous that where bonds were well placed at the start it
was found they were generally good for the amount of
the principal; and even if the road failed in a few years,
indicating that there
there may
though
which
by
is
no annual draiuing of bonds,
sinking fund
provisions
purchased in the market if
be
bonds are
obtainable within certain specified price limits.
first
column
entitled
"name
of
The
bond and provisions
should also be studied
respecting sinking fund, &c,"
as this contains all particulars which can
very closely,
not be stated in tabular form, and explanations of points
in the table which might otherwise be misunderstood.
;
the small amount of bonds already drawn for the sinkAltoing fund did not help its position materially.
funds have come to be regarded as
gether, sinking
rather a bother than otherwise, and when the bonds
can be drawn (for neither our remarks nor the table
EXPLANATION OF TABLES.
Annual Sinking Fund.
The figures in this column represent,
not the exact, the approximate amount of money accruing
to the sinking fund in 1890. Where it is not likely that the
amount will be the same for another year (the sinking fund
receiving either instalments of varying size in different years,
or along with a fixed instalment yearly the interest on the
bonds retired which, of course, is ever increasing as bonds are
redeemed) the fact is indicated by an asterisk. In many cases
for one reason or another it has not been deemed advisable to
insert any sum at all in this column, and the reader is therefore simply referred to the reading matter to the left of the
" land
" see
sales," if the
the words
remarks," or
if
page by
latter constitute the sinking
fund.
Further,
when an
issue
has no einking fund and yet is redeemable in whole or in part
before maturity (as is frequently true) the word "none" ap" annual sinking fund," and the
pears in the column headed
rate at which the issue is redeemable and the length of notice
interest ceases on the bonds
required to be given before
called are stated in a sentence running across the columns to
the right.
following have anything to do with those sinking funds
In every case reference should also be made to the text on
that are applied only by the purchase of bonds in the
the left of the page, for important provisions are often there
market), even in small amounts each year, the
open
holder in New York, London, Amsterdam or Frankfort has to look out constantly that his investment is not called in and the interest stopped.
The
sinking
element
of
bond buyers
fund
throws
of
the
matter
an
that
all
things
about their investments, uncer-
uncertainty,
dislike
into
and
tainties stand foremost.
Upon
the whole, we
may
con-
clude that the days of compulsory sinking funds are
numbered, and that in a few years more they will
issues of railroad
scarcely be known amon? the large
bonds. They do not furnish security to the bondholder,
set forth.
Date of Drawing. -In this column mention is made of the
when the bonds either must be drawn, or ordinarily are
drawn.
Length of Notice to Holders of Drawn Bonds. As a rule,
will
it may be safely inferred that notice of the bonds drawn
follow at no very great interval the drawing by lot. But
date
unless usage has determined the length of notice to be exwhen known to us, to
pected, it has been considered best,
state in .the table the shortest length of notice that can legally
be given.
Except for bonds which
without the payment of accrued
indicate the time
interest), the date or dates in this column
because his company usually fails, if it fails at all, during when interest will cease on the bonds drawn, though in some
the first years of its existence, when few bonds have special instances the bonds drawn are payable any time previbean drawn ; they do give an element of uncertainty ous to this date with interest up to the time of presentation.
Drawn Bonds
When
can be called "flat"
Paid.
('. e.,
November,
ENYESTOES' SUPPLEMENT.
1889.
3
RAILROAD BONDS REDEEMABLE BEFORE MATURITY.
below axe intended to include those railroad
maturity, either by the operation of annual sinking funds or
are included which merely have sinking fund provisions for
ry For explanation of eacb column In these
The
tables
bonds only which may be drawn by lot or called in before
under options contained in the respective mortgages.
No bondg
the purchase of certain amounts annually without any drawings.
tables see remarks at the foot of orecedlng page.
Annual
Sauk of Bond and Provisions Bespecting 8inking Fund,
Sinking Fund.
Date
Fund,
(it
Purchases
Drawings
at
I
of
Sinking
etc.
at
any)
Drawing.
Notice to
Holders of
Drawn.
Bonds
Drawn
Bonds
When Paid.
Alabama Great Southern
General mortgage 5s, of 1888, due 1927 (J. AD.)
The bonds read: "This bond may be redeemed by the Alabama Great
Southern BE. Co., at a premium of 10 per cent, on the first of June,
A. D., 1898."
Alabama New Orleans Texas A Pacific JunctionFirst debentures of 1882, due 1907
Notice of bonds to be redeemed must be given by advertisement in
the London Tinus and by mail to registered holders, interest ceasing 6 months after notice.
Second debentures of 1886, due 1907
Notice of bonds to be redeemed must be given by advertisement in
the London Tunes and by mail to registered holders, interest ceasing 6 months after notice.
Atchison Topeka & Santa Fe
5 per cents of 1880, due 1909
Excess of interest on the $1,185,000 7 per cents held as collateral
after payment of interest on the outstanding 5s constitutes annual
sinking fund, which of course increases as 5s are retired. Holders
of drawn bonds are notified by public advertisement to present
their bonds for payment within 30 days, after which time interest
ceases. Bonds redeemed must be canceled, and of these there are
$196,000.
Sinking fund 5s of 1880, due Sept. 1, 1920 (M. A S.)
Annual sinking fund 1 per cent of total issue ($3,743,000), vayment
to sinking fund being made Sept. 1. Two weeks' notice of the bonds
drawn must be giveu by advertisement in Boston. Bonds redeemed
and canceled, $337,000.
4*a per cent sinking fund bonds of 1880, due 1920 (A. & O.)
Annual sinking fund instalment (payable Oct. 1) is 1 Lj per cent of
all bonds ever issued till after Oct. 1, 1890, then 2 per cent till after
Oct. 1, 1900, then 3 per cent till after Oct. 1, 1910, then S'a per
cent till maturity. Notice of bonds drawn must be given by public
advertisement, the bonds to be paid on presentation, interest ceasing April 1. Begistered bonds cannot be called till all coupon bonds
are redeemed. Bonds redeemed must bo canceled, and of total issue
($5,150,000) $618,000 have been so retired.
6 per cent sinking fund secured bonds of 1881, due Dec. 1, 1911
Annual sinking fund 1 per cent of the outstanding bonds till Dec. 1,
1891, and at least 2 per cent thereafter, the latter proportion to be
increased from time to time, so that whole issue may be redeemed by
Dec. 1, 1911. Notice of the bonds drawn must be advertised for at
least three weeks in Boston, London, Paris and Amsterdam, the
bonds to be paid on presentation, interest ceasing June 1. Begistered bonds cannot be called till all coupon bonds are redeemed.
Of total issue ($15,000,000) $723,000 have been redeemed and can-
None.
Any or all redeemable
None.
Any
None.
Any or all r edeemable
"$36,850 101
$37,430
or
at 110 on J line
1,
1898
edeemable at 115 at a ny time on 6 mos. notice,
all r
101* int.
A int.
at 100 at a
Aft.
Oot 30
101* int.
101 flat.
Not fixed.
ny time on 6 mos. notice.
30 days.
On
March 1
2 weeks.
$78,000 100
A int.
100* int.
Nov. 25.
By
$143,000 105
4 int.
105
* int.
Deo. 31.
* int.
112
* Int.
May 15.
30 days.
April 1
By adver*t
112
pres't'n
adver*t
June
1
celed.
California Southern 1st mortgage 6s of 1886, due 1926
Notice of bonds drawn must be given by public advertisement,
bonds to be paid on presentation, interest ceasing in 30 days. Bonds
redeemed must be canceled.
Southern Kansas A Western 1st M. 7s of 1880, due 1910
Annual sinking fund is 1*2 per cent of all the bonds ($1,823,000)
ever issued (at 10 per cent above par) plus the amount of one
coupon added thereto. Notice of the bonds drawn must be advertised for two weeks In Boston. Bonds redeemed must be canceled.
Sumner County 1st M. 7s of 1880,
1910
Notice of bonds drawn must be advertised for 10 days in Boston,
and bonds redeemed must be canceled.
25 bonds.
$31,037
Atlanta A Charlotte Air LinePreference 7s of 1877, due 1897 (A.
A
First
A
110 flat.
llOflat.
Nov.
17. Two weeks.
Abt.Sep.10
edeemable at 100 A
in t
10 days.
on 3 mos.
None.
Any or all
None.
O.)
These bonds are redeemable "out of the net earnings" of the company. If less than whole issue is to be redeemed the bonds to be
paid must be drawn by lot and notice given by advertisement in
New York City, the bonds to be paid on April 1 or October 1, and
when redeemed to be canceled.
Atlantic
110 A int.
$9,900
de
lloflat.
Any or all r edeemable atlOSAint on 51 days
r
OnprVnt'B
Jan. 1
Abt.8ep.2fl
notice.
Pacific-
guaranteed 4s of 1887, due 1937 (J.A
J.i
The company Itself or either of the guarantors may redeem any
amount of the bonds at option, provided the bonds to be paid be
drawn by lot if less than whole issue is to be redeemed. Notice of
the bonds called must be advertised in New York and Boston and
bonds be paid on coupon day (January 1 or July 1).
*
notice.
Second mortgage guar. 6s of 1887, due 1907
68 days, MchorSepl
$105,000 105 & int. 105 * int. Not fixed,
Annual sinking fund commences in 1890. The bonds to be paid Also, afte r 1889 any or all redee m. at 105 A int. on 68 d ays' notice.
must be drawn by lot if less than whole issue is to be redeemed.
Notice of bonds called must be advertised in New York and Boston.
Bonds to be paid on coupon day (March 1 or September 1).
Bald Eagle ValleyGeneral mortgagees of 1880, due 1910
20 days.
100 * int.
100
April 20
April 1
$4,000
Baltimore A ohm
Loan of 1853, extended at 4 percent in 1880
Payable at option.
Dec 1
Five per cent sterling loau of 1877, due 1927
100 & int. Abt.Nov.15 One week.
100
**13,200
Annual sinking fund, 7,500, plus Interest on bonds redeemed by
sinking fund, of which Jan. 1, 1890, there should be about 114,000.
;
:
Since bearing interest, these are Included by company in its outstanding debt. According to mortgage, bonds should be drawn in
both May and November and paid on the first of the following
month; iu practice, however, drawing has taken place only in November. Notice of bonds drawn Is advertised in London.
Burlington Cedar Bapids A NorthernIowa City & Western 1st 7s of 1879, due 1909
None.
After Aug. 31,1889, al 1 red. at 105 A int. on 60 days' notice
Notice must be given by advertisement in New York, Philadelphia
and Iowa City, and be sent by mall to registered holders, bonds to
be payable on March 1 or Sept. 1 (coupon day)
Cedar Bapids Iowa Falls & N. W. 1st 6s of 1880, due 1920
Hone.
Aft. Sept. 31,'90"allr ed. at 105 A int. on 60 days' notice
Notice must be given by advertisement in New York, Philadelphia
and Cedar Bapids, and be sent by mail to registered holders, bonds
to be payable on April 1 or October 1 (coupon day).
Canadian PacificLand grant 5s of 1881, due 1931
Land sales. 110* int. 110 A int.
Lands unsold Dec. 31, 1888, 14,807,536 acres; deferred payments,
In 1888 sales 138,001 acres for $443,526. Total
$1,272,437.
bonds redeemed by land sales to Dec. 31, 1888, $7,562,000.
Oct. 1
Canada Central 1st 5s of 1879, due 1899
105 A int. Abt-Sep. 10 3 weeks
105
-15,300
Annual sinking fund 2 per cent plus interest on bonds redeemed.
LiHt of bonds drawn is advertised In Loudon.
Central Bailroad A Banking Co. of GeorgiaCollateral trust 5s of 1887, due 1937
None.
Any or all red'ble at 11 A int. any time on 6 m os. notice.
Bonds to be paid must be drawn by lot if less than whole issue is
redeemed, and six months' notice must be given to holders by advertisement in New York City before interest ceases. Bonds redo mod must be canceled. Of total issue ($5,000,000) $120,000
bad been redeemed to July 1, 1889.
Certi ficates of debt
None.
After July H, 1891, redeemable at option of oompany
* This is
precisely or approximately the amount of money accruing to the sinking fund in 1890.
i
SUPPLEMENT.
INVESTORS'
[Vou
BONDS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Annual
Name of Bond ahd Provisioks Resfectino Stoking Fuhd.
sinking
mod.
etc.
(if
Central of
New
any)
Sinking Fund.
Date
Drawn
110
4 int
Not fixed By advert.
lation of bonds.
None.
5a, of 1882. due 1931
Notice of bonds to be paid must be advertised in New York City for
three months prior to time when interest ceases.
Chesapeake Ohio A: Houthwestern
Paducah 4 Klizabcthtown 1st M. 6s and 8s of 1877, due 1897
Annual sinking fund is $5,000, plus interest on bonds retired by the
sinking fund, of which. In November, 1889, there were $90,000 included in company's outstanding debt. Notice of bonds drawn Is
advertised in New York City. Total bonds Issued, $600,000.
Chicago A; AltonMississippi Hivcr Bridge 1st M. 6s of 1877, due 1912
Annual sinking fund, beginning in 1882, is $8,000, plus Interest on
bonds retired, of which, in November, 1889, there were $68,000,
not included in company's outstanding debt. Advertisement of
bonds drawn is published in New York City and bonds are paid on
presentation, interest ceasing April 1 or Oct.
Bonds redeemed are canceled.
Chicago Burlington
1,
as case
may
'After
100
December 1, when
Int.
In June.
J
(
AbtJ'n.
4Jiy.23
104
Not fixed
int on 3 mos.' not.
6-8 weeks.
Aug.
2 BMW,
Apl.40ctl
i
1
|
be.
4
$100,000 105
:
105 4 int In March.
whole r ed. at 105 4
int.
Aft. Mch.'31,'96 issue as a
None.
Aft.
May 31
,
'98, red. as
10 days.
on 6 mo
int.
April
1.
notice.
s.
a whole at 10041nt. on 6 mos.' not
in-
terest will cease.
1893 100 4 Int. 100 4 int. Abt.Jan.21
Also after Feb.l, *93, r ed. as a who le at 105 4 1
Equipment Co. 7s of 1888, due 1903
First annual payment to sinking fund (10 per cent of $940,000) is
due, and first drawing takes place in January, 1894, but whole Issue
is redeemable, as shown in table, In any yearon oraf ter Feb. 1,'1893.
Notice of the bonds to he paid must be advertised in Boston, and this
notice must be for six months if whole issue is called, the bonds in
this oase being payable on either February 1 or August 1 (coupon
day). Bonds redeemed must be canceled.
Chicago Burlington 4 Quincy
Iowa trust 4s) oi
j. 1B
fls7<) due
i 01 a
iia
1S79,
Iowa tniBt 5 9 J
Annual sinking fund l>s per cent
all red. at 1
4 Int.
100 4
$12,260
First mortgage 5s of 1886, due 1926 (A. 4 0.)
The 0. B. 4 Q. and Chic. 4 Iowa pledge for 20 years to the sinking
fund for these bonds one-half their net earnings on business to and
from this road, and C. B. 4 Q. guarantees this sum to be $100,000
yearly. Notice of the bonds to be paid must be advertised in New
York and Boston, and if whole issue is called six months' notice
must be given and bonds be paid on April 1 or October 1, when interest ceases. Bonds redeemed must be canceled, and of total issue
($9,000,000) $194,500 have been redeemed.
fieoond mortgage 6s of 1888, due 1918 (J. 4 D.)
Six months' notice must be given by advertisement in New York
1 or
1899,anyor
$10,500
4 Northern-
and Boston and bonds be paid on June
May
'When Paid,
Bonds.
at
Seorem'rks
American Dock 4 Improvement 5b of 1881, due 1921
Proceeds from sale of mortgaged property after payment of taxes,
must be used In redemption and cancelor Interest due and unpaid
Drawn
Bonds-
Notice to
Holders of
Drawing.
Drawings
Jersey
New York 4 Low? Branch lt M.
Continued.
of
Purchases
at
XUX
Aft.
$203,800 J
100 4 int. 100 4 int)
105 4 int. 105 4 int )
Nov 25
*
io
'
'
By adver"t
nt on 6 mo
4 months.
s.'
Feb 1
notice.
1
April
of all bonds at
anytime issued
Bonds redeemed must be can(4s, $10,591,000; 5s, $3,000,000).
celed. Dec. 31, 1888, sinking fund held $1,603,000 4s and $102,000 5s, all canceled. Notice of the bonds drawn must be advertised
in New York and Boston, the bonds to be paid on presentation, interest ceasing April 1.
Denver Extension 4s of 1881, due 1922
Annual sinking fund 1 per cent of all bonds at any time issued ($7,968,000), plus Interest on bonds redeemed. Whenever $50,000
bonds are in sinking fund they must be exchanged for non-negotiable bonds and canceled. Sinking fund held Dec. 31, 1888, $647,800
bonds (bearing interest, and hence included by C. B. & Q. as part of
Its outstanding debt), and Jan. 1, 1890, this amount will be about
$760,000. Notice of the bonds drawn must be advertised in New
York and Boston.
Sinking fund 4s of 1881, due 1921
Annual sinking fund 1 per cent of total issue ($4,300,000), plus interest on bonds redeemed. Notice of bonds drawn must be advertised in Boston. Whenever $50,000 bonds are in sinking fund they
must be exchanged for non-negotiable bonds and canceled. Sinking fund held Dec. 31, 1888, $397,000 bonds of this issue (drawing
int., and hence included by C. B. 4Q as part of its outstanding debt),
and Jan. 1, 1890, the amount so held will be about $461,000.
Burlington 4 Mo. River In Nebraska consol. M. 6s of 1878, due 1918.
Sinking fund payments have ceased, but interest accruing on bonds
in the sinking fund is applied to redemption of bonds, which then
are exchanged for bonds non-negotiable. Of these sinking fund
held Oct, 31, 1889, about $2,630,000 (drawing interest, and hence
treated by C. B. 4 Q. as part of its outstanding debt), and Jan. 1,
1890, the amount so held will be about .$2,708,000. Bonds for
$1,000 each, Nos 1. to 4,400 inclusive, and bonds for $600 each.
Nos. 1 to 1,000 inclusive, are exempt from drawings till July 1,
1908. Notice of bonds drawn must be advertised in New York and
$110,000 100 4
int.
100
A int.
JanA-Jlyi
10 days.
Feb 4 Aug 1
Aug. 20.
10 davs.
Sept. 1.
$61,000 100
4 int.
100 4 int.
$162,000 100
4 int.
100 4 Int.
$24,000 100
4 int.
100 4
Boston.
Republican Valley 1st mortgage 6s of 1879, due 1919 (J. 4 J.)
Annual sinking fund $14,000 for ten years ending June 1, 1890,
(plus interest accruing on bonds retired) or until sinking fund shall
be sufficient with subsequent accumulations of interest to retire all
bonds by maturity. Bonds redeemed are exchanged for non-negotiable bonds, of which In Oct., 1889, sinking fund lield about $181,000. Notice of bonds drawn is advertised In Boston.
Nodaway Valley 1st mortgage 7s of 1880, due 1920
Kansas City St. Jo. 4 C. B. guarantees sinking fund payments.
Notice of bonds drawn is advertised in Boston. Total issue, $388,-
tOO 4 int
000; outstanding, $298,000.
Tarkio Valley 1st mortgage 7s of 1880, due 1920.
100 4 Int.
Kansas City St. Jo. 4 C. B. guarantees sinking fund payments. Notice of bonds drawn is advertised in Boston. Total issue, $430,000;
outstanding, $331,000.
Chicago Milwaukee 4 St. PaulLand grant income 7s of 1880. due 1890
Income 5s of 1886, due 1916
100 4 int.
Annual sinking fund after 1888, 4 per cent of all bonds issued
($2,000,000). First drawing by lot will be in January, 1890.
Chicago 4 NorthwesternSee rem'rks 105 4 int.
kinking fund 5s and 6s of 1879, due 1929...
Annual sinking fund 1 per cent of outstanding bonds, beginning in
1884. This amount the deed of trust provides shall be applied to
the redemptions of bonds drawn by lot at 105 and interest If not
purchasable at or below that rate. To May 31, 1889, the bonds of
this i-<iie I'urchusi ami canceled amounted to $584,400, butasthey
can no longer be purchased and as tho company has decided no( to
ilrnw them it now invests the sinking fund Income in other bonds.
Sioux City & Pacific car trust 6s of 1883, due 1896
$40,000
Notice of bonds drawn is advertised in Boston.
Missouri River * Blair Bridge 1st mortgage 6s of 1883, due 1923
None.
Aft. Jan. 1
The bonds to be called must bo drawn ljy lot, and notice be given
advertisement in New York and Boston, the bonds t<i be
by
paid on presentation, interest ceasing on next coupon day (January
or July 1). Bonds redeemed must be canceled.
Chioago Rock Island & Pacificist mortgage extension and collateral 5s of 1884, due 1934
None.
Aft. July 4,
Bonds must Do called in the order of their numbers, beginning with
the lowest, and thirty days' notioo bo given by advertisement in
New York and Chicago prior to time When interest ceases.
(AbtJune
I
4 Dec.
18
U WBfik
W60K8
.
'
5
July 4 Janl
AbtJ"nel9 One week.
Julyl
100 4 int
AbtMayl4 Two weeks.
.Tune 1
100 4
AbtMay 14 Two weeks.
June
Abt,Nov.30 One month
30 days.
Jan. 1-10.
Jan. 1
In Feb.
105
105
<fc
int.
Int,
int.
4 int.
1
See rem'ks.
/
100 4 Int. Abt. Feb. 7
3 weeks
March 1
1893, any o r all red. at 10041nt.on 30days'not
I
1
This
Is
precisely or approximately tho
amount
of
money accruing to
94.
the sinking fund in 1890.
any or
all red.
at 1 05
4 int on 30days'not
NOViMBER,
INYESTOES' SUPPLEMENT.
18--9.J
BONDS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Continued.
I
Annual
Name of Bond and Provisions Respecting Sinkino Fund,
etc.
of
Purchases
Drawings
at
don.
Chicago
St.
A
int. at
Drawn
BondsWhen Paid.
J
I
Bonds.
an y time on 6 months' no
1896, red. at 105 A int. on 3
tice.
month
notico.
s'
05* int. InJanAA'g 60-90 days. MayANovl
int.
1
int.
105
deemed must be canceled.
Cincinnati Jackson A MackinawRedeemabl e at 100.
Cincinnati Van Wert A Mich. 2d mortgage 6s of 1881, due 1 930
Cincinnati Sandusky A ClevelandSan. Dayt. it Cin. (Mad Biver & Lake Erie) 1st M. 6s of 1866, due 1900
*$56,500
Annual sinking fund is one per cent of total issue. $979,000, plus
interest on bonds retired by sinking fund, of which in Nov. 1889,
there were about $770,000. In 1889 27 bonds were drawn Jan. 1,
and the same number July 1. In 1888 259 bonds were drawn for
payment on October 15. Notice of bonds drawn Is advertised in
Boston.
A int.
Not
By
fixed.
Not fixed.
adver't.
100 A int. JanAJuly 1 One month. Feb.AA'gl
A Columbus-
First mortgage 6s of 1886, due 1926
Two months' notice must be given to holders of called bonds by advertisement in New York City.
Cleveland Cincinnati Chicago A St. Louis
Cin. Ind. St. L. A Chic, consolidated 6s of 1880, due 1920
Annual sinking fund 1 per cent of bonds outstanding. Notice of
None.
Aft.
1890 a ny or all red .atlOO&int any Jan.
.
105
*$7,920
advertised in New York City, bonds being paid on
presentation, interest ceasing May 1. Bonds redeemed must be
canceled.
Clev. Col. Cin. &Ind. consolidated 6s and 7s of 1874, due 1914
( *$93,000
Annual sinking fund 1 per cent of all bonds ever issued ($4,201,- ) Holders
000) plus interest that would have accrued on those already retired. Bonds redeemed must be canceled, $201,000 being so held
Dec. 31, 1888.
Cleveland & Pittsburg
Construction and equipment, Series A, 7s of 1873, due 1913,
$17,000
Construction and equipment, Series B, 7s of 1873, due 1934
*$6,000
Annual sinking fund 1 per cent of all bonds ever Issued (Series A,
$1,936,000; Scries B, $482,000). plus interest on all bonds retired
by sinking fund, of which Nov. 1, 1889, there were $395,000 of
Series A and $19,000 of Series B not included in outstanding debt.
Notice of bonds drawn is advertised in New York City, bonds being
paid on presentation, interest ceasing July 1.
Colorado Midland1898
Equipment 7s of 1888, due iu
Begins *91
1891, in which year and yearly thereSinking fund commences
after till 1898 10 percent of issue is to be drawn by lot and paid off
at 105. March 1, 1898, the balance outstanding will be paid at 105.
Notice of bonds drawn must be advertised in New York.
Evansville Terre Haute A ChicagoIndiana Block Coal Railroad 1st mortgage 7s of 1878
bonds drawn
Drawn
I
A Western Indiana-
due 1919
'$100,000 100 A
Sinking fund began Jan. 1. 1835, and now amounts to about $75,interest on bonds retired and canceled by sinking
500 yearly, plus
fund, of which Nov. 2. 1389, there were $362,000. Whenever commortgage the amount payable
pany issues bonds under its general The
total sinking fund income,
to the sinking fund is increased.
be applied solely to the redemption of the first morthowever, will
gage bonds till the whole issue is retired. Notice of the bonds drawn
is advertised in New York, and sent by mail to registered holders.
See rem'ks. 100 &
General mortgage s of 188X. due 1932
For every bond issued company is obliged to provide a sinking fund
sufficient with accumulations of interest to redeem it by maturity.
At present total sinking fund income is employed in the retirement
of the first mortgage bonds, and this will continue until all are redeemed, which will probably be about 1900. From that time on the
sinking fund will be applied to the general mortgage. Bonds re-
First mortgage 6s of 1879,
Cleveland Akron
Notice to
Holders of
Drawimg.
at
Paul & Kansas CitySee rem'ks. Red. at 105
Priority loan 5s, due Jan. 1, 1934
Company binds itself not to pay any interest on its income bonds or
on its stock until these bonds are paid off.
dividends
None.
Aft. June 30
First mortgage 5s of 1836. due 1936
Bonds if called must be redeemed on a coupon day (Jan. 1, July 1)
after three months' notice by advertisement in New York and Lon-
Chicago
Date of
Sinking Fund.
Sinking
Fund.
(if any)
105
flat.
A int.
1
o
Nov.l to 30 6-7 month:
'
July
1.
Mayl
is
may have
100 A int. In March, Abt. lOwks June 1
b ondsexemp ted from dr aw'g and so (tamped.
,
100 A Int. Abt. Jan. 5 5-6 months
100 A int. Abt. Jan. 5 5 6 months
105
A int.
Tan.l5to30 3^4 weeks,
July 1
July 1
March
1
100 A int. Abt. July 2 One mouth, Au;. 1
$1,500
& San Antoniomortgage 6s of 1881, due 1910
One percen t,,butsurre nder of bon ds optional if drawn.
Georgia CompanyTrust 5s of 1387, due 1937
( Af.J'o,'92
110 A int. 110 A int. Aft. Nov. 1 6 months, On pros' t'n
After June 30, 1892, there will be an annual sinking fund of at ( Aft. June 30, '92, any'amt. maybe drawn at ab ove rate an 1 notice.
least 1 per cent of bonds actually outstanding, but company may
increase this to any amount, payments to be made to Trustee Nov
1 and bonds to be drawn whenever funds sufficient to redeem fifty
are in hand. Notice of bonds drawn must be givon for six monthB
by advertisement in New York, after which time interest ceases
Bonds redeemed must be canceled.
Georgia Pacific100 A int. ) 1st Wed; 2 months. Feb.AA'gl
See rem'ks 100 A int.
Equipment mortgage 5s of 1889, due 1904
Annual sinking fund, beginning in 1890, will be 4^ per cent of
j M'y-N'v
all bonds ever issued, plus interest on those retired, which must
nevertheless be canceled. Notice of bonds drawn must be advertised in New York. First drawing will be In May, 1890.
Grand Rapids A IndianaSecond mortgage 6s of 1884, due 1899
None.
Till Aug. 1, 1894, any o r all rede' m any time at 105 A Int.
HousatonicConsoUdated mortgage 5s of 1880, due 1910
None.
On or after April 1. 189 redeem, a 1 100 A int.
Notice of bond call will be advertised in Bridgeport.
branch 1st mortgage 5s of 1382, due 1912
Danbury
None.
On or after Oct. 1, 1892 redeemable at lOOAint.
Notice of bond call will be advertised in Bridgeport.
Illinois CentralSterling 5b of 1874, due 1903 (A. A O.)
100 A in'. C 1st Mon ) 6-7 weeks. Oet. 1
10,000
The annual sinking fund was originally 20,000, of which one-half
{ in Aug. >
was to be expended in the purchase of bonds by tender not exceeding par and interest in April, and the other half in redeeming Oct
1 bonds drawn by lot in August. There having been no tenders for
many years, only the latter part of the sinking fund is operative.
Bonds redeemed are canceled, and to November 1, 1889, 250,000 had been retired. Notice of bonds drawn Is advertised in LonGalveston Harrisburg
First
!
!
don.
Dunleith A Dubuque Bridge 1st M. 8s of 1 868, due 1893
Total issue $500,000; outstanding, $164,000.
Notice" of bonds
drawn is advertised in New York City.
Indianapolis Decatur A Western
Incomes of 1888
If less than whole issue is to be redeemed the bonds to be paid must
be drawn by lot, and notice must bo given by advertisement
Jacksonville Tarn; a A Key WestFirst mortgage 6 of 1884. due 1914 (J. A.T.i
If less than whole issue Is to be redeemed bonds to lie
paid must be
drawn by lot and the drawing must takeplace whenever the company deposits $50,000 with the trustee. The bonds are payable on
Jan. 1 or July 1, and notice is to be given by advertisement in New
York City. Bonds redeemed must be canceled.
Jcffersonvllle Madison A Indianapolis
Wtrrt mortgage 7s of I860, due 1906 (A. A O.)
Drawn bonds are paid on presentation, interest eeasing after thirty
days' notice by advertisement in New York Juurnalor <:<m,mtrce
Nov. 10, 1839, sinking fund held $421,000 bonds not includedln
company's outstanding debt.
'
This
Is
precisely or approximately the
amount
of
money accruing
105
A int.
Abt. April 1
18 bonds.
105
None.
Any or all
r
edeem. at 1 00 at any
None.
Any or all
r
edeem. at 1 10
110
$15,000
to the sinking
fund
in
1890
A int.
ti
me on
3
mo s.
A int. on 6 weeks* no
Abt. Oct. 2
Mayl
One month.
30 days.
notioe.
tice.
Abt. Nor. 1
IjNVESTOKS' SUPPLEMENT.
fVoL. XL1X.
BONDS REDEEMABLE BY ANNUAL SINKING FUND OB PAYABLE BEFORE MATURITY.
Sinking Fund.
Annual
Name of Bond and Provisions Respecting Simum.
.
Kansas City Fort Bcott A Memphis
,
,
Laud
Kansas City Fort Scott A Quit 1st mortgage 7s Of 1879, duo 1008
necesInoomo from laud could be used fo. payment oi interest, itm hew
sary. Advertisement of bonds drawn must be published
York and Boston. To credit of land department Dec. 31, 1888,
were lauds unsold, 4,269 acres, valued at $117,655; mineral reserved on laud soid, $60,709; and unpaid principal of land contracts
Pui'ChuKCS
Drawn
,
110
110 A int
flat.
110
_
flat.
Notice to
Holders of
Draw ing.
Drawings
at
sales
Date
of
Sinking
Funk.
(if any)
Ftmi). ki<
Continued.
Drawn
Not
Bonds
When Paid.
Bonds
fixed.
Not
3 weeks.
fixed.
;
A Memphis 1st mort. 7s of 1880, due 1910.
Annual siuking fund Is 1 per cent of outstanding bonds, pins interest on those retired by sinking fund, of which Oct. 31, 1889, there
were $141,000 not Included in company's outstanding debt.
Rich Hill 1st mortgage 7s of 1880, due 1910
Annual sinking fund 1 per cent of outstanding bonds, plus interest
on those retired by sinking fund, of which Oct. 31, 1889, there were
$34,t.00 (not included in company's outstanding debt).
Short Creek A Joplin 1st mortgage 7s of 1880, due 1910
Annual sinking fund Is 1 per cent of outstanding bonds, plus interest on those retired by sinking fund, of which Oct. 31, 1889, there
were $30,000, not included in company's outstanding debt.
Kansas City Springfield A Memphis plain 6s of 1884, due 1894
Advertisement of calling must be published in Boston.
Kansas City A Memphis Ry. A Bridge 1st mort. 5s of 1889, due 1929.
Annual sinking fund, beginning in, 1892, is $10,000, plus interest
on bonds retired by sinking fund, which are not to be canceled, but
may be reissued for extraordinary repairs. Notice of bonds drawn
must lie advertised in Boston, bonds to be paid and interest to cease
on date named in advertisement.
Kansas City Memphis & Birmingham
First mortgage os of 1887, due 1927
vuf'vf'ii
The Kansas City Fort Scott & Memphis, having absorbed the K. C.
10 per
Springfield A Memphis, assumes its guaranty to set aside
eent of Its gross earnings derived from business passing over this
company's road, to be applied first to provide for any interest on
the bonds not provided for by the Birmingham company's earnings,
and, second, to a sinking fund for the bonds, which, when redeemed,
must be canceled. No bonds have yet been retired.
Blrmlngdam equl] ment 6s of 1888, due 1903
Notice must be given by advertisement in Boston.
Kentucky MidlandFirst mortgage 6s of 1888, due 1918
First annual Instalment to sinking fund is payable August 1, 1893
(and first drawing by lot will take place some time thereafter, bonds
drawn to be paid AugUBt 1 of following year), and this, with subsequent Instalments, must be sufficient to retire whole issue by maturity. Notice of bonds drawn must be advertised for one week in
New York aud Louisville. Bonds redeemed must be canceled.
FortHcdtt' Southeast c in
Kingston
See rein'rks
.
.see
,
ks
Abt Sep. 13
12 days.
Abt. Sep. 3d
llOflat.
lOSflat.
A0t.8ep.13
12 days.
Abt. Sep. 26
110
105
Abt. Sep. 13
12 days.
Abt. Sep. 2
|
I
M
a returns
oee . ..v.
Begins
'92.
110 A int
4 int.
Bee rem'rks 110
in.
flat.
as a
'93.
A int.
105
who
le at
110 & int.
105 A i
nt.
on 6
mo a',
100
who
le at
A int.
Not
110 A
fixed.
int.
on 60 d ays'
One week.
None.
1896 a ny or
Aft.
$254,000:
all
re deem, at an y time at
notice.
otlce.
106
100 A int Abt Sep. 6 8-10 weeks!
100
fixed.
Aug. 1
Redeemabl e at 105 at any time on 6 months' n
None.
notice.
Not
10 days.
In Sept.
lWMl.t
Issue redee m. as a
None.
Begins
flat.
Issue redee
None.
A Pembroke-
First mortgage 6s of 1882, due 1912
Lake Erie Alliance & SouthernIncomes of 1887, due 1917
Lehigh ValleyConsolidated class "A" 6s of 1873, due 1897
Annual sinking fund in 1890, $254,000; in 1891, $269,000;
rem
flat.
105
flat.
Dec
1
in 1892,
$285,000; in 1893, $302,000; in 1894, $320,000; in 1895, $339,000;
in 1896, $3i:o,000; in 1897, $310,000. Bonds redeemed must be
canceled, and Jan. 1, 1890, of total issue ($5,000,000) $2,561,000
will have been so retired. Notice of bonds drawn is advertised in
Philadelphia and London.
Louisville A NashvilleCecilia Branch 1st mortgage 7s of 1877,
25,000
due 1907 (M. AS.)
Annual sinking fund is $25,000 till 1892; then $40,000 till 1897;
then $55,000 till 1902; then $65,000 till 1907; payable to trustee
March 1. Bonds redeemed must be canceled, and to Nov. 1, 1889,
$150,000 of the original issue ($1,000,000) bad been so retired. Notice of bonds drawn is advertised in New York City.
First mortgage on Ev. Hend. ANash. fcsof 1879, due 1919 (I. .. D.)..
Annual sinking fund began in 1885, and is $20,000 in bonds till
1890; then $30,000 till 1895; then $40,000 till 1900; then $55,000
1905; then $75,000 till 1910; then $110,000 till 1915, and thereafter $150,000. Bonds redeemed must be canceled, and to Jan. 1,
1890, $100,000 of the original issue ($2,400,000) will have been so
retired. Notice of bonds drawn is advertised in New York City.
Qeeral mortgagees of 1880, due 1930 (J. AD.)
Annual sinking fund (beginning in 1885) is 1
per cent of all bonds
overissued ($12,597,000), plus interestonbondsretired bysink.fund,
which are oanceled and not included in outstanding debt. To
Notlco of bonds
Jan. 1, 1890, amount so retired wi J be $697,000.
drawn is advertised in N. Y. City and sent by mail to regist'd holders.
Collateral trust 3d mortgage 6s of 1882, due 1922 (Q. M.)
Annual sinking fund (beginning in 1885) is 1 per cent of all bonds
ever issued ($10,000,000), plus interest on those retired by sinking
fund, which, however, are canceled and not included in outstanding debt To Nov. 1, 1889, $538,000 of them had been so retired.
Notice of bonds drawn is posted at place where coupons are payable, but if whole issue is called notice must be given by advertisement in New Y'ork City
Ten-forty adjustment 6s of 1884, duo 1924 (M. & N.)
After Nov. 1, 1894, whole issue is redeemable at any time, but if
lees than whole issue is to be called the bonds to be paid must be
drawn by lot and paid on coupon day (May 1 or Nov. 1). If part be
drawn notice must be posted at place where coupons are payable,
but if whole isBue is called notice must be given by advertisement
in New York City.
Pensacola Division 1st mortgage 6s of 1880, due 1920 (M. A 8.)
Annual sinking fund, after 1884, $5,000 in bonds till 1891; then
$8,000 till 1896; then $10,000 till 1901; then $15,000 till 1906; then
$20,000 till 1911; then $25,000 till 1916; then $36,000 till 1020,
and on March 1, 1920, $36,000. Bonds redeemed must be" oanceled, and to Nov. 1 1889, $25,000 had been so retired. Notice of
bonds drawn must be advertised in New York City and Louisville.
Henderson Bridge Co. 1st mortgage 6s of 1881, due 1931
Annual sinking fund (which began in 1885) la $21,000 till 1895 and
$8,400 thereafter, plus in both cases interest on bonds retired, "f
which Nov. 1, 1889, there were $100,000, not counted as part of
outstanding debt. This sinking fund may, however, be applied to
payments for extraordinary repairs instead of redemption of bonds,
and bonds retired may be re-issued for sane purpose. Notice of
bonds drawn is advertised in New York City.
Louisville New Orleans A TexasSecond mortgage incomes of 1886. due 1934
Notice of bonds called must be given by advertisement in N. Y. City.
$30,000
100
100
flat.
110
flat.
A int. Abt Meh.
Sept 1
6 3 months.
110 A int. Abt Oct 16
Dec. 1
4 weeks.
in bonds.
till
$180,351 110
* int.
110 A
Abt Mch. 6 Abt
int.
3
mo s.
June
1
>
1
<
(
110 A int Feb. 1-15.
-$132280: 110 A int.
Also.issu eredeem.as a whole at 110 A into
I
Aft. Nov.
None.
<
i
'$5,000
inbonds
105
1,
flat.
1894,anyor all
105
red. at 1
A int. By Aug.
March 1
2 weeks.
n3 months'
notice.
OOAinton 6Imos'. notice
3
4 weeks.
Sept 1
Aug. 1-10.
2 weeks.
Sept 1
)
,
$27,000 105
None.
A int.
Issue as a
105 A
int.
whole rede' m. at 105 A'int on 30 d'ays'
Maine Central< See
rem. 105 A int See rem'rks
Sinking fund 10-20 6s of 1885, due 1905
Annual sinking fund is $16,000, plus interest on bonds retired and ) Also, afte r Feb. 1, '95 any or all r
held alive, but bonds are not subject to call till after Feb. 1. 1895,
when they may be drawn at par aud interest. And if after that
date " any of said bonds arc called and delivered to the trustee, paid
and canceled, the amounts thus paid and canceled shall be deemed
to be payments on account of the sinking fund and the subsequent
annual payments thereon be reduced accordingly." Notice of bonds
called must be advertised in Boston, Portland and Bangor.
*
This is precisely or approximately the amount of money accruing to the sinking fund in 1990.
Aft. Feb. 1. 60 days.
ed. at 100 A int on 60
Not
notice.
fixed,
d ays' notice.
NOVBMBEB,
SUPPLEMENT.
INYESTOKS'
1889.]
BONDS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Annual
Rakm of Bond and
Date
Sinking Fund.
of
Fund,
(if
Purchases
Drawing.
Drawings
at
Drawn.
Bonds
at
any)
Drawn
Notice to
Holders of
Sinking
Provisions Eespectino Sinking Fund, etc.
Continued.
Bonds
When Paid.
I
Manhattan ElevatedAfter 1895 any or all r edeemablo at any time
New York Elevated 1st mortgage 7s of 1876, due 1906
None.
Marquette Houghton A Ontonagon
6s of 1S78, due 1908
See rem'rks 100 A int, 100 A int. Not fixed.
Mortgage
Proceeds from sales of land not covered by mortgage of 1872 and of
any other property subject to these bonds constitute sinking fund.
Total bonds issued, $2,482,200; outstanding, $576,200. No bonds
nave been retired sinoo Dec. 31, 1883, all the lands having been
sold.
Mortgage 6s of 1883, due 1923
Net proceeds from sales of land and royalties constitute sinking fund.
After Jan. 1, 1892, if less than whole issue is to bo paid the bonds
to bo called must be drawn by lot and notice be given by advertisement in New York and Boston. The lands subject to this mortgage
amount to 80,000 acres, but none have ever been sold, the company having "deoided to hold them." Total issue of bonds, $1,500,000,
all
i
Fr. land
Hales be
105
4 int.
105
Aft.
i
June
1, '92,
& int,
all red. at
On pres'n'n
COdays'not.
2 weeks.
i
105& int.on
outstanding.
Mexican Central-
of 1889, due 1939
or all of issue at option, and until default
of princip.il or interest of the bonds the proceeds of sale
of the $22,000,000 subsidy certificates pledged as security for them,
subject to prior liens, must, if company so requests, be applied to redemption of bonds. Notice of bonds called must bo advertised in
Boston and London, and bonds redeemed must bo canceled.
Beoond consolidated incomes of 1889, due 1939
Notice of bonds called must be advertised in Boston and London,
and bonds be paid and interest cease on July 10.
Debenture 10 per cents of 1885, due 1895
Notice of intended redemption must be given by advertisement.
Priority consolidated 5
110 & int.atany ti moon 30 da
None.
Any or all
None.
Till
None.
After Mch. 31, 1890, red. at 100
Company may retire any
in
Not fixed,
any o r
at 105.
r ed. at
ys' notioe.
payment
Mexican NationalFirst mortgage 6s of 1887. due 1927
The subsidy pledged under this mortgage is $7,000,000, earned and
to be earned, and when not used for interest and certain other purposes (see 2d mortgage subsidy bonds below) it must be omployed
In the redemption of bonds of this issue. The company and the
construction company both h ive the power to redeem on any coupon day (Juno 1 or Dec. 1) any number of bonds, but if less than
whole issuo is to be paid the bonds to be called must be drawn
by lot Notice of bonds called must be given by advertisement in
New York anil London and bo sent by mail to registered holders.
Out of the first subsidy earned after June 1, 1887, for the construction of the International line $939,000 was pledged to make up a
deficiency in the $2,500,00 Jplodgedfor the old Matheson bonds, but
1930 a ny or
all re d. at
50 per
A
ct.,on
int.
S3 da
ys' notioe.
on 30 d
Fr'm sub. 100 A int. 100 A int. Mch. 20-31., 2 months,
Also, any or all redee mable at 100& inton 6-7 months'
ays' notice.
June
j
1
notioe.
this $939,000 does not constitute a part of the $7,000,000 pledged
for the first inortgago Cs of 1887.
Second mortgage subsid series A andB (each $2.500,000)
See rem'rks
Such of the socond mortgage, series A and B, bonds as were exchanged for the $5,000,000 old subsidy or Matheson bonds have a
lien on what remains of the $2,500,000 subsidy pledged for those
bonds (said subsidy not being included in the $7,000,000 subsidy
pledged under the 1st mortgago of 1887) and are subject to redemption out of the proceeds of the subsidy as were the Matheson bonds.
The trustees who hold the $7,000,000 subsidy deposited under the
first mortgage will, if necessary, advance 410,000 yearly as required by tho Matheson trust indenture. In 1888 $115,000 bonds
were paid, with interest, on Deo. 31, and in 1889 44 bonds were
called for payment on July 1. In all $201,000 have been retired.
The bonds, nowever, are not canceled, but held alive as further se-
100 <fc int. June or Dec In London. (Abt Jan
(
JorJUyl
,
i
curity for those outstanding.
& Western
Mllwaukeo Lako Shore
Equipment 8s of 1882, due 1892
Notice of bonds dr wn is advertised in New York City.
Eqnipmont Cs of 1885, duo 1905
Fifty bonds drawn by lot are to be redeemed yearly after 1890. Notice of bonds drawn must i.o advertised in New York.
Hurley A Ontonagon 1st mortgage 6s of 1886, due 1896
Twenty-five bouds must be drawn yearly for 10 years. Bonds called
under option to redeem whole issue must be paid on April 1 or October 1. Notice of bonds called muse be advertised in New York
& int.
100
$30,000
Jan. 14
Abt. Dec. 3
<
City.
Minneapolis
A
St.
Begun
Also any or all
100 & int.
redee m. at 105 A
int.
2d Mon.
(
100 A
$2.),000
<
in Nov.
i
<
105* int.
'91
2d Mon.
)
)
in Feb.
S
int.
on 6 we
000.
Consol. 7s of 1871-3, due 1904-1906
Seen u'rks 100 A int.
Annual sinking fund, which, beginning three years after date of
bonds, was to bo 1 per cent, plus interest on bonds retired, was in
operation only a short tiiue, and of $15,511,000, the total amount
of bonds issued, only $725,000 were retired.
Booneville Bridgo 1st mortgage 7s of 1873, due 1906
*$2.>,500 100 A int.
Annual sinking fund is one per cent of bonds authorized ($1,000,000), pins interest on those retired, of which, November, 1889, there
were $222,000. This sinking fund has been paid up to date. Notice
of bonds drawn is advertised in New York City.
Nashvillo Chattanooga A St. LouisBon Air Branch 1st mortgage 10-30s of 1887, due 1917
None.
Aft. July 1,
New York Lako Erie A Western
First lien 6s of 18.8, due 1908
See rem'rks
drawing
Company had the option under the mortgage of shall he these bonds
at par, but it "has decided that redemption
by purchase
only." l ho annual payment to the sinking fund is $100,000, or as
much thereof as would otherwiso bo applicable to dividends.
Second consol. funded coupon 5s of 1885, due 1969
None.
Any or all r
Any or all coupons deposited as security may at any time be redeemed at 105, and the funds so arising must be applied to redemption of outstanding bonds drawn by lot. Notice of bonds called
must be giren by advertisement in New York and London. Bonds
redeemed must be canceled. Total issue, $4,032,000, of which $4,-
025,760 were outstanding Nov. 1, 1889.
duo 1922
Oollateral trust Cs of 1882,
None.
Company may redeem any or all
securities deposited in trust as security for these bonds at their market value (but at not less than
certain rates named), and the funds so arising must bo applied to
the redemption of outstanding bonds after drawing by lot. Notice
of bonds drawn must be given by advertisement in New York.
Bonds redeemed must be canceled. Total issue, $5,000,000, of
which $1,542,000 had been retired to Nov. 1,1889. In October,
1888, $049,000 bonds wero drawn for payment in January, 1889.
Long Dock consol. mortgago 6s of 1885, due 1935
Bonds aro redeemable only from proceeds of land sales. Notice of
bonds oalled must be given by advertisement in New York and by
letter to registered holders. Bonds redeemed must be canceled.
No bonds hid been called to November 1, 1889.
This
is
6-7 weeks.
Jan. 2
5-6 weeks.
April 1
eks' notioe.
Louis
Second mortgage income 7s of 1880, due 1891
Von*.
Issue redee mable at p ar at any
Missouri Kansas A Texas
Union Pacifio Southern Branch 1st mortgage 6s of 1868, due 1899.... f L'd ales.
120
Bonds redeemed must be canceled, and or original issue of $4,250,- ( Ah*'-, any or all redee mable at 1 20.'
000 only $2,054,000 remain outstanding. The lands, whiohwere
situated in Kansas, have practically all been sold.
Seen- I'rks
Tebo A Neosho 1st mortgago 7s of 1870, due 1903
100
Sinking fund was to bo 1 per cent yearly, but no bonds have been
retired for many ye rs. Of original issue of $2,000,000 only $349,000 were outstanding May, 1876, and the amount now out is $346,-
*
)
precisely or approximately the
amount
of
money accruing
Land
100 * int.
100
A int.
97,
any or
to the sinking
110
Abt.
all
60 days.
1.
May
1
redeems
60 days.
ble at
100 a
Abt. July 1
t
any time.
See rem'rks
edeemable at 105
Any or all r edeemable
sales.
Feb.
ti
110
fund in 1880.
<b Int.
at
1
A int .on 30 days
104 Int. on 3
Notfixed.
notioe.
mos.' notte*.
By adver-t
(Cot fixed.
SUPPLEMENT.
INVESTORS'
8
[Vol.
BONUS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Sinking Fund.
Name of
B>
kd and Provisions Respecting Sinking Fcnd,
Ontario
Continued.
Notice to
Holders of
Drawn
Drawing.
Drawings
at
New York
Date of
of
Purchases
etc.
XL)X.
Drawn
BondsWhen Paid.
Bonds.
at
A Western-
mortgage (is of 1884, due 1914 (M. & S.)
Notice of bonds called must be (riven by advertisement In New York
and Loudon, and bonds be paid on March 1 or September 1. No
None.
bonds called to November
1,
Auy or all
None.
First
Aft.
r
edeem. at 1
lOifciut.
on 4 months' notice.
1S89.
Consolidated mortgage 5s of 1889. due 1939 (J. * D.I
Notice of bonds called must be advertised In New York and London
and bonds be paid on June 1 or December 1.
New York Pennsylvania A Ohio
'
May 31
,
uuy or
'99,
100 A-
100
A Western
Adjustment mortgage 7s of 1884, due 1924
Bonds to be paid must be drawn by lot and notice bo given by advertisement in New York and Philadelphia.
Equipment mortgage 5s of 1888, due 1908 (J AD.)
Annual sinking fund is 3 per cent of all bonds ever issued,
but no bonds can be drawn till June, 1898, when semi-annual
drawings commence. And within four months after June 1. 1898,
the trustee must sell all other bonds of the company (in which till
that time the sinking fund income can be Invested) and use the proceeds in redeeming bonds of this issue drawn by lot; but company's
divisional bonds may be held and not sold (If company so requests)
till July 1, 1900.
The bonds to be called must in every case be
drawn by lot, and notice be given to holders by advertisement in
New York and Philadelphia. Bonds redeemed must be canceled.
Whenever practicable bonds are to be paid on June 1 and Dec. 1.
Convertible debentures, 6s of 1884, due 1894
Notice of bonds to be paid must be given by advertisement in New
York, Philadelphia and London, and bonds be paid on a coupon day,
January 15 or July 15.
Northern CentralConsolidated 6s of 1874, due 1904, Series A
,
Consolidated 6s of 1874, due 1901, Series B
The sinking fund will draw yearly from no w to maturity the following amounts of bonds of each series: In 1890, A $60,000, B, $30,000;
7,630
S
int.
2d Tucs
(
Equipment trust 5s of 1888, due 1908
Annual sinking fund is 3 per cent of issue (240,000), plus interest
on bonds retired, of which Nov. 1, 1889, there were 7,200.
05 &
all red. at 1
int.
on 6 mos.' not.
in April i
May
I
1
Norfolk
None.
Aft.Ocl.28, 94,
any or
all
110 on 90 d ays' notice.
red. at
Not
3 pr. cent
Also after
None.
dr.
J
\ till '98.
100 A int.
May 31/98, any
Any or
all r
$60,000 100 .feint.
$30,000 100 & int.
or
90 days. J'eorDecl
Semi-ann'y
edeem. at 1 00 A int. aft OOdays'not.
i
all r
edecmable at lOOAint. after 30 da
100
A int.
In March. 3-4 months
In March. 3-4 months
100 & int.
ys' notice.
July 1
July 1
1891, A $64;000, B $32,000; 1892, A $68,000, B $34,000; 1893, A
$72,000, B $36,000; 1894, A $76,000, B $38,000; 1895, A $81,000,
B $41,000; 1896, A $86,000, B $43,000; 1897, A $92,000, B $46,000;
1898, A $98,000, B $49,000; 1899, A $104,000, B $52,000; 1900, A
$110,000, B $55,000; 1901, A $117,000, B $59,000; 1902, A $124,000, B $62,000; 1903, A $131,000, B $65,000; 1904, A $132,000, B
$66,000. Notice of bonds drawn is posted at company's office in
Baltimore and at its agency in London. Bonds redeemed must be
canceled, and to Nov. 1, 1889, $585,000 series A and $292,000
series B bonds had so been retired.
Northern Pacific
Missouri Division 1st mortgage 6s of 1879, due 1919
<
*$28,000
Annual sinking fund 1 per cent of bonds outstanding (including i L'd sales.
those redeemed by the sinking fund, which are held alive but
stamped non-negotiable), plus interest accruing on bonds retired by
sinking fund. In addition proceeds of laud sales are employed in
the redemption of bonds, but bonds so redeemed are canceled and
not placed in sinking fund. Bonds of lowest denomination must be
called first, and all coupon bonds before any registered bonds. Notice of bonds drawn must be advertised in New York, Boston and
Philadelphia, and be sent by mail to registered holders. Bonds are
paid on presentation, interest ceasing on day named. June 30,
1889, $106,000 bonds were held by sinking fund, but treated by
company as outstanding debt. In fiscal year ending June 30, 1889,
no bonds were canceled by land sales.
Fend d'Oreille Division 1st mortgage 6s of 1879, due 1919
lp.ctAint
Annual sinking fund of same character as that of Missouri Division
L'd sales.
mortgage, but without provision for redemption of coupon bonds
first, though bonds of lowest denomination must be first redeemed.
Notice of bonds drawn must be advertised in New York, Boston
and Philadelphia, and be sent by mail to registered holders. Bonds
are paid on presentation, interest ceasing on day named. June 30,
1889, $130,000 of the bonds were in the sinking fund, but treated
by company as outstanding debt, and the year 1888-89 $314,000
bonds were canceled by land sales.
General 1st mortgage 6s of 1881, due 1921
*$560,000
Annual sinking fund began Jan. 1, 1886, and receives an amount of
money equal to 1 per cent of all bonds ever issued, plus interest on
all bonds retired, payable to trustee in semi-annual instalments on
Jan. 1 or July 1. Under this mortgage, however, all proceeds of
land sales and all bonds retired therewith (the bonds being computed at 110) are counted as part payment of the annual instalments. No registered bonds can be called till all coupon bonds are
redeemed. Notice of bonds drawn must be given by advertisement
in New York, Boston and Philadelphia and be sent by mail to reg
istered holders. Bonds are paid on presentation, interest ceasing
Jan. 1 and July 1 respectively. Bonds redeemed must be stamped
non-negotiable. Nov. 1, 1889, about $1,400,000 of these bonds
were in sinking fund, but treated by company as outstanding debt.
General 2d mortgage 6s of 1883, due 1933
$205,000
Annual sinking fund is similar to that of 1st mortgage. Began in
1889. No registered bonds can be called till all coupon bonds are
redeemed. Nov. 1, 1889, $90,000 bonds were held by sinking fund,
but treated by company as outstanding debt. Notice of bonds
drawn must be advertised in N. Y., Boston and Phiia., bonds being
payable on prescnt'n, interest ceasing Apr. 1 and Oct. 1 respectively.
Dividend certificates
None.
James Kiver Valley 1st mortgage 6s of 1886, due 1936
Begins '96
The sinking fund begins in 1896, flrst instalment being payable to
trustee Jan. 1 and first drawing to take place in May. It is to receive yearly a sum of money which, together with interest on bonds
redeemed, will he sufficient to retire all the bonds at or before maturity. Bonds redeemed must bo canceled, but interest is payable
on them to the sinking fund as if altve. Bonds may be drawn
oftener than in May and November "if deemed expedient " Notice
of bonds drawn must be advertised in New York and St. Paul and
be sent by mail to registered holders. The bonds are paid on presentation, interest ceasing Jan. 1 and July 1 respectively.
Spokane A Palouse 1st mortgage 6s of 1886, due 1936
Begins '96
Sinking fund similar to that of James Kiver Valley mortgage. First
Instalment duo May 1. 1896; first drawing in January. 1897. Notice of bunds drawn must be given by advertisement in New York
and 8t. Paul and be sent by mail to registered holders.
Duluth & Manitoba first mortgage of 1880, due 1930
Begins '96
Sinking fund similar to that of James River Valley mortgage. First
instalment due Jan. 1,1897; flrst drawing in January, 1898. Notice
of Jionds drawn must bo given by advertisement in New York.
Duluth A Manitoba Extension 1st mortgage of 1887, due 1937
Begins '97.
Sinking fund similar to that of James River Valley mortgage. First
instalment duo June 1. 1897; tirst drawing in October, 1897. Notice
of bonds drawn must be given by advertisement In New York.
Helena A Red Mountain 1st mortgage of 1S7. due 1937
Begins '07.
Sinking fund similar to that of .Tames River Valley mortgage. First
instalment duo March 1 1 "07: Brtrt drawing in July, 1897. Notice
of bonds drawn must be advertised in New York.
100 A int.
100 & int.
100 A int. Abt. Nov. 1 5-6 months May 1.
100 & int. Any time.
60 days. On pres't'n
HO A int.
100 A int.
100 A int. Abt. Meh.l 5-6 months Sept. 1.
60 days. On pres't'n
lOOAint, Anytime.
110 .feint.
110 A
:
int.
6 weeks.
lAbtM'y-/
JulyAJan 1
!AN'vl5J
110 & int.
110 A int.
<
6 weeks. Apl.AOct.l
Abt. Feb.
14
(A Aug.
Aft,
1892
105 &
r ed. at par o
A int.
n any coup. day
105
A
105
105 A
IstMon
I
M'y-N'v
int.
A int.
int.
Mon
A int.
(
1st
6 weeks.
105
MayANovl
6 weeks.
tJ'lyADecl
6 weeks.
tJ'eADec.l
6 weeks,
fMrhfeSepl
J'nAJ'y
<
(
IstMon
)
\
105
30 days' notice
JulyAJan 1
i
i
int.
aft.
6 weeks
J'nAJ'y
S
IstMon
ApAOc.
5
i
105 A
int.
105
t
This
is
105 A int.
105
prcciselyror approximately the amount of money accruing to the sinking fund in 1890.
at any time after drawing, interest ceasing on these dates.
Bonds are payable on presentation
<
,
.
*
A int.
A int.
(
(
IstMon
I
j
J'nAJ'y
5
I
9
INVESTORS' SUPPLEMENT.
NuVEHlJER, 18S9.]
BONDS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Annual
Name or Bond and Provisions Respecting Sinking Fund.
Fund,
(if
(Continued. )
Nor. Pac. La Moure & Missouri River 1st mort. of 1887, due 1937
Begins '97.
Sinking fund similar to that of James River Valley mortgage. First
drfe June 1, 1897; first drawing in October, 1897. Notice
instalment
of bonds drawn must be advertised in New York.
Central Washington 1st mortgage of 1888, due 1938
Begins '98.
Sinking fund similar to that of James River Valley mortgage. First
due Sept. 1, 1898; first drawing in January, 1899. Noinstalment
tice of bonds drawn must be advertised in New York.
Coeur d'Alene general mortgage 6s of 1888, due 1938
Begins '99.
Sinking fund similar to that of James River Valley mortgage. First
Jan. 1, 1899; first drawing in May, 1899, Notice of
instalment due
bonds drawn must be advertised in New York.
Northern Pacific TerminalFirst mortgage 6s of 1883, due 1933
Begins
Sinking fund, to be sufficient to retire all the bonds by maturity, beJan. 1. 1893, instalments being payable to trustee Jan. 1 and
flns 1, and drawing to follow promptly thereafter. Notice of bonds
uly
drawn must be given by advertisement in New York City.
Ogdensburg & Lake Chan.plain
Mortgage 6s of 1897, due 1897
The company, under option reserved by it, has called the whole
Issue, and the bonds will bo paid at National Security Bank, Boston,
'93.
None.
I
Bonds
.When Paid,
Holders of
Drawing.
Drawings
at
Drawn
Notice to
of
Purchases
Drawn.
Bonds
at
any)
Northern Pacific
1, 1890.
Mississippi
trust 6s of 1887, due 1897
Notice of bonds drawn is advertised in
Date
Sinking Fund.
Sinking
etc.
Continued.
I
I
105 &
105 A int.
,
& int.
105
Six weeks. tJ'e& Dec. 1
flstMon)
ApiOot 5
int.
)
105 & int.
<,
IstMon
Mcb&Sepl.
tAp.&Oct.l
20 days.
j
6 weeks.
6 weeks.
)
J'nAJ'y21
J'n&J'y
& int.
105
105
& int. (IstMon)
\
110 flat.
110
A int.
M'y-N'r
I
(Abt.J'n?
\& July lj
Whole
January
issu called for r edemption
1,
1890.
Jan.
Ohio
&
Equipment
New York.
100 &
50 bonds.
int.
Abt. Sept. 1 Abt. 1 mon.
Oct. 1
Orange BeltFirst mortgage 5s of 1887, due 1907
After 1891, any orall re d. at 100 & inton 60 d ays' notice.
None.
Oregon & CaliforniaFirst mortgago 5s of 1887. due 1927
100
100 & int. See rem'rks Four weeks J'n or J'lyl
Land sales.
The land grant contains about 4,000,000 acres, and the proceeds
from sales subsequent to May 12, 1867, are pledged to the redemption of bonds. Unless purchasable they must be drawn by lot
whenever $50,000 is in hand. Bonds redeemed must be canceled.
In 1888, 12,384 acres were sold for $51,487. Deferred payments
Dec. 31, 1888, $58,920.
Oregon Railway & NavigationFirst mortgage (is of 1 879, due 1909
Annual sinking fund after 1879 $60,000 (paid to trustee in two instalments of $30,000 each May 1 and Nov. 1), plus interest on canceled bonds in the sinking fund. Total bonds issued, $6,000,000;
total retired by sinking fund, $629,000. Notice of bonds drawn is
advertised in New York.
& Trans- Continental
Trust 6s of 1882, due 1922 (M. & N.)
Semi-annual sinking fund instalments (payable to trustee on March
1 and Sept. 1 beginning in 1885) are to be sufficient with accumulations of interest to redeem all bonds by maturity, and shall be
equal to at least one-half of one per cent of the bonds outstanding
and held by the sinking fund. Any additional sums for redemption
of bonds must also be paid to trustee on March 1 or September 1,
and the bonds to be redeemed must be drawn by lot and paid on
May 1 or November 1 Notice of bonds drawn must be given by
advertisement in New York and Boston. Registered bonds are not
subject to compulsory redemption till all unregistered bonds have
been redeemed. All bonds redeemed must bo canceled, but those
redeemed by sinking fund continue to bear interest for account of
said fund. Total bonds issued, $10,063,000; retired, $509,000; out-
*$98,000
Oregon
J
{
100
HOflat.
A int.
One month.
Jan. 1
Feb. 1
3 weeks
M'yorN'vl
-$100630 105 A int. 105 A int. Not fixed.
any or all red eemable a* 105 A int. on 3 weeks' notioe.
Also,
,
.
standing, $9,554,000.
Panama Railroad
Six per cent subsidy bonds of 1880, due 1910
See rem'rks
Tue balance of the annual subsidy of $2*5,000, after payment of
interest on the outstanding bonds of this issue, is pledged to a sinking fund for them. Company holds $83,000 of the bonds, which by
agreement must be redeemed before any are called. These will
exhaust the sinking fund income till 1891, in which year the amount
to be applied to the redemption of bonds, mostly held by the public,
will be about $81,000. Of the original issue ($3,00a,000) $517,000
hid been redeemed to Nov. 2, 1889.
100
A int.
lOOAint
Pennsylvania Company
Six per cents of 1877, due 1907
Sinking fund ispayable from the 7 per cent dividends on $4,000,000 Pittsburg Fort Wayne & Chicago stock held as collateral, after
Interest on the 6s, "taxes and the expenses of the execution of the
trust" have first been met. Notice of bonds drawn must be given
by advertisement in Philadelphia, and bonds redeemed must be
canceled. Total bonds issued, $3,200,000; retired by sinking fund
to Jan. 1, 18110, $1,486,000. Under an arrangement with a syndicate of holders sufficient bonds to meet requirements of sinking
fund have thus far been purchasable at 105; consequently none
$175,000
105
By advent
In Sept.
Nov.
100 A int. Bonds paid on 20 days'
flat.
1.
notioe.
have been drawn.
Pensacola
& Atlantic-
mortgage 6s at 1881, due 1921
Annual sinking fund, commencing in 1889, is li, n per cent of all
bonds ever issued ($3,000,000). plus interest on those retired and
canceled by the sinking fund. Notice of bonds drawn must be adnallmil ten times in New York City.
Philadelphia & Reading
Improvement mortgage (5s of 1873, due 1897
Annual sinking fund was to be sufficient to retire all bonds at or before raaturitv, but payments were discontinued after 1875, when
$636,000 bonds had been retired. (See Chbomcle, V. 48, p. 260.)
Consolidated mortgage 6s of 18S2, duel 922
In the reorganization of 1887 the holders of these bonds consented
to have them stamped with an agreement making them payable at
the company's option after 10 days' notice by advertisement in
First
the
f.-tjtic t.rdyt
110 &
Not paid.
None.
Any or
int.
100 A
$33,000
int.
By adver"t February 1
Oct. 1
tBy adver't
In July,
edeemablo at 100 A int. on 10 days* notioe.
all r
of Philadelphia, interest ceasing after such notice.
& Willamette Valleymortgago 7s of 1886, due 1906
Redeemabl e at eompa ny's option at 105.
Port Royal h AugustaFirst mortgage 6s of 1878, due 1899
$10,000 UOAint
Annual sinking fund of $10,000 began in 1883. Bonds redeem, at
108 * i t. any coupon day after notice by advertisement in New York. Also, any o r all red. at 105 and in terest on four weeks n otice.
Port Koyal & Western Carolina
Consolidated mortgage 6s of 1887, due 1937
None.
Any or all redeemable at UOAint on 6 mont hs' notice,
Notice of bonds called must be advertised in New York.
Richmond & Danville
2 months. Sep A Mob. 1
1st Wed
100 A int.
ISee rem'ks. 100 A int.
Equipment trust 5s of 1389, due 1909
Annual sinking fund, beginning in 1890, is 4 per cent of all
Je&Dcc
bonds ever issued, plus interest on bonds retired by sinking fund.
Notice of bonds drawn must be advertised in New York. First
drawing will be June, 1890.
Richmond & West Point Terminal
Collateral trust 6s of 1887, due 1897
None.
Any or all r edeem at 1 05 & int. on 1 month's notioe.
The bonds to be called must be drawn by lot, and notice of their
numbers must be given by advertisement in New York.
c Begins '98.
Consolidated collateral trust 5s of 1889, duo 1914
100 & int. 100 & int. Not fixed. One month. Not fixed.
Commencing with 1898 company is to pay to sinking fund yearly, ( Also, any o r all redee m. at 100 A Int. on one Imonth's no tice.
on February
a sum equal to 2 per cent of the bonds outstanding.
*
This is precisely or approximately the amount of money accruing to the
sinking fund in 1890.
I Bonds are payable on presentation at any time after
drawing, interest ceasing on these dates.
Portland
First
.
(
i
)
i
!
1
.
I
I
10
INVESTORS'. SUPPLEMENT.
BONDS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Annual
Name
ok Bond and Provisions Respecting Sinking Fund,
kti
Sinking Fund.
CONTINTnD.
l'urehasea
at
Date
Holders of
Drawing.
Drawiug-
Notice to
of
Sinking
Fund.
tif any)
.
XLIX
[Vol.
Drawn
Drawn
BondsWhen Paid.
Bond*
at
Richmond A West Point Terminal i:imtit- milt
Bonds redeemed must bo canceled. Bonds to be called must be
drawn by lot. and notice of bonds drawn must be given by,udvcri
tisement
New
in
York.
Bt Louis Alton & Terre Haute
Chicago Bt. Louis & Pad. 1st mortgage 5s of 1887, due 1937
St. Louis A Ban Francisco
Equipment 7s of 1880, due 1895 (J. AD.)
Annual sinking fund nt least 8 per cent of Issue ($1,000,000), but
None.
S
)
After Sept. l/O'-'.anyor all rod. at I'OSAint.onti
$80,000; 105 flat.
Also any or all red.
105
days' not.
A int J'elADecl
(when draw
5-6 months. Dec.l&J'el
n) at above rate and notice.
this amount at option. Bonds drawn are
paid on presentation, interest ceasing June 1 or December 1, as the
case may be. Notice of bonds drawn is published in New York and
Boston. Bonds redeemed must be canceled.
First mortgage on Missouri & Western 6s of 1879. due 1919
105 A int.
3 months.
Nov. 30.
$5,000 b'ds 105 & int.
Fob. 1
Notice of bonds drawn is advertised in Now York City. Bonds redeemed must be canceled.
Kansas City A Southwest. 1st mortgage 6s of 1886, due 1916
None.
iAny or unredeemable at 110 A in t. on 4 wee k* notice.
If less than wholo Issue is to be redeemed, the bonds to be called
must be drawn by lot. Notice of bonds drawn must be advertised in
New York, and the bonds be paid on coupon day (Jan. 1 or July 1).
None.
Bt, Louis Kansas & Southwest. 1st mortgage 6s of 1886, due 1916
Any or all redeemable at 110 A in t on 4 wee kt>' notice.
If less than whole issue is to be redeemed the bonds to be paid must
be draw n by lot. Notice of bonds drawn must be advertised in New
York, and the bonds be paid on coupon day (March 1 or Sept. 1).
None.
Any or all r edecmable at 105 A in t on 6 wee ks' notice.
Bt. Louis Salem & Arkansas 1st mortgage 5s of 1887, due 1936
If less than whole issue Is to be redeemed the bonds to be paid must
be drawn by lot. Notice of bonds drawn must be advertised in New
York, and bonds be paid on coupon day (June 1 or December 1).
Bonds redeemed must be canceled.
105 aunt Aft May 1
Fort Scott A Van Burcn Bridge 1st mortgage 6s of 1885, due 1910
4 weeks.
Oct 1
**23,760i 105Aiut
Annual sinking fund, beginning in 1890, is 5 per cent of outstandAlso any or all red. (when dra wn)at ll0& int on 4 wc cks' notice.
ing bonds. No bonds can be called till drawn by lot. Notice of
bonds drawn must be advertised in New York, and the bonds when
paid must be canceled.
Bt. Paul Minneapolis A Manitoba
105 <fc int. AbtAp'110 GO days.
First mortgage 7s of 1879, due 1909
Land sales, 105 flat
July!
Land sales, not needed for payment of interest, constitute sinking
fund. Mortgage provides that the bonds drawn be paid at any time
on 60 days' notice by advertisement in New York and Amsterdam,
and that bonds redeemed be canoeled. In 1889 $211,000, and in
1888 $300,000 bonds were drawn about April 10 and paid on presentation, interest ceasing July 1. June 30, 1889, lands unsold were
2,615,804 acres; deferred payments, $346,179. Total bonds issued,
$8,000,000; redeemed to Nov. 1, 1889, $3,520,000.
Aft. Aug. 1, 89, any or all red. at 10 I' A ml in.:; mos.' notice
None.
Collateral trust 5s of 1888, due 1898
If less than whole issue is to be paid the bonds to be called must be
drawn by lot. Notice of bonds drawn must be advertised in New
York and Boston.
Ban Antonio A Aransas PassNone.
First mortgago 6s of 1885, due 1916
iAny or ail redeemable at 110 .feint on 8 weeks' notice.
If less than whole issue is to be paid the bonds to be called must be
drawn by lot. Notice of bonds drawn must be given by advertisement in New York and San Antonio, and bonds be paid on coupon
day (January 1 or .July 1).
None.
First mortgage on extension 6s of 1886, due 1926
Any or all redeemable atllOAint on 8 weeks' notice.
If less than whole issue is to be paid the bonds to be called must be
drawn by lot. Notice of bonds drawn must be given by advertisement in New York and San Antonio and bonds be paid on coupon
day (January 1 or July 1). Bonds redeemed must be canceled.
Ban Francisco & Northern Pacific110 & int. 110 .feint. Aft July 1. 27 weekf
Not fixed.
First mortgage 5s of 1889, due 1919
$25,000j
Payment to Trustee is made July 1. Notice of bonds drawn must
be given by advertisement in New York and San Franolsoo. Bonds
redeemed must be canceled.
Seaboard & Roanoke
None.
Debenture 6s of 1886
:AftJuly31, 1916, pay. at par in wh ole or in 10 p.c.instal'ts
Snnbury Hazleton A Wilkesbarre
100
100
of 1878, due 1928
AbtMay 1 2-3 weeks, Abt June 3
$9,400
First mortgage bonds
Annual sinking fund is 5 per cent of issue ($1,185,000), plus interin tho sinking fund, of which in November, 1889, there
est on bonds
were about $58,000, included in outstanding debt >"otice of bonds
drawn is given by advertisement In Philadelphia
Syracuse Geneva A Coining100 & int. By Sept 1. 10 weeks.
Nov. 15.
$21,000
First mortgage Os of 1875, due 1905 (interest May 15 and Nov 15)..
Annual sinking fund one per oent of total issue ($1,000,000), plus
of which Nov. 20, 1889,
Interest on bonds retired by sinking fund,
there were about $178,000. Notice of bonds drawn is posted at
Farmers' Loan A Trust Co. in New York.
company may inoreasc
j
j
i
i
I
.
.
Toyoo
jjr
.
PiiCLflC
See rem'ke. 100 .feint
mortgage Eastern Division 6s of 1875, due 1905
Annual sinking fund (commencing in 1878) was to be 2 per cent of
bonds outstanding, plus interest on bonds redeemed and canceled
by sinking fund. By means of it $408,000 of the total issue of bonds
($4,192,000) were retired, but none since Dec. 31, 1884, sinking
First
fund being now entirely inoperative.
Toledo St. Louis <fe Kansas CityFirst mortgage 6s of 18S6, due 1916
Notice of bonds called must be advertised in New York and Boston,
and bonds be paid on coupon day (June 1 or December 1).
Union
Issue redee m. as a who Ieatl05<fei
None.
Pacific
Omaha
Bridge 1st mortgage 88 of 1871, due 1896
Annual sinking fund, $42,000, plus interest on bonds redeemed,
making payments as follows: 1889-90, $135,102; 1890-91, $144,-
100 & int. AfterOotl.
60 days.
nt on 6 mo
110 & int AbtNov.20 4 months.
$135,102
March
.
1
notice.
April 1.
928; 1891-92, $155,468; 1892-93, $106,775; 1893-94, $178,904;
1894-05, .1*191,915; 1895-96, $194,239. Surrender of bonds was optional, but bondholders have all agreed to their bonds being subject
to call at above rate on condition that they be paid at 110 at maturNotice oi bonds drawn is given by advertisement in New York
ity.
and Ixmdon.
Collateral trust 6s of 18"9, due 1908
$112,000 105 & int.
Difference between interest on 6i and that on 7s deposited as collateral (the total bonds deposited must always exceed those outstanding by 25 percent, par value,) constitutes sinking fund. Notice of bonds drawn must be given by advertisement In New York
and Boston, and bonds redeemed must be canceled.
These bond s are drawn
Third mortgage sinking fund 8s of 1874, due 1893
Virginia Midland
100
Charlottesville A Rapidan 1st mortgage 6s of 1879, due 1913
*$8,000
Annual sinking fund $5,000, Plus interest on bonds retired, of which
In 1889 there were about $5:;,ooo (not included in outstanding
debt). Notice of bonds drawn is advertised.
100
Franklin A Pittsylvania 1st mortgage 6s of 1879, due 1913
-$1,600
Annual sinking fund $1,000, plus interest on bonds retired, of
which in 1 889 there were about $1 1,000.
Wabash
None.
Debenture (is of 18*9, Series A, duo 1939
Notice of bonds called must be advertised for four weeks in New
York, after which interest will cease.
West Jersey A AtlanticFirst mortgage 6s of 1880. due 1910
(Inl889,
On January 1 and July 1 in each year the West Jersey Railroad \ $33,000
agrees to pay to mortgage trustee 25 per cent of Its gross receipts
This
is
precisely or approximately the
amount
of
money accruing
From July
105
A tor.
5
i
by
lot.
Ab.Jan.
&J*lyl2
(
3
weeks
but their surre nder
100 .feint.
In Dec.
A int.
Is
1, '94, to
Aug. 7.
opti onal.
2 weeks.
Jan.
1.
Jan.
In Dec.
100
Ab.Feb.7
\t
I
1.
July 1.1909, a nyorallred atlOO <V
int
I
\'
105 flat.
100 &
<
to the sinking
fund
in 1890.
int.
Not
fixed.
20 days.
Not
fixed.
November,
SUPPLEMENT.
LNYESTOKS'
1889.]
11
BONDS REDEEMABLE BY ANNUAL SINKING FUND OR PAYABLE BEFORE MATURITY.
Annual
Name of Bond and Pbovisions Respecting Sdiiung Fond,
Sinking Fund.
Sinking
Fund,
(if any)
etc.
West Jersey & Atlantic [Ooiuinned.)
from traffic received from this road for previous six months ending
June 30 and Dec. 31. to be applied first to any deficit in interest and
any balance to sinking fund. Notice of bonds drawn is advertised
in Philadelphia. Bonds redeemed must be canceled, and to Nov. 1.
1889, $245,000 had so been retired. In 1889 $21,000 bonds drawn
Feb. 21 were paid March 19, and $12,000 drawn August 7 were
paid August 31.
Wilmington & Northern
First mortgage 5s of 1887, due 1927 (J. <fcD.)
If less than whole issue is to be redeemed the bonds to be paid must
be drawn by lot. Notice must be sent to holders by mail, and bonds
redeemed must be canceled.
Date
Concluded.
of
Purchases
Drawings
|
at
Notice to
Holders of
Drawing.
|
Drawn
Drawn
Bonds
When Paid.
Bonds.
at
A ft, Nov. 30, 1907, any orallred.at lOO&int.on J'eorDeo. 1
None.
SUPPLEMENTARY.
Tucson Globe & Northern Arizona
First mortgage 7s of 1887, due 1917
Sinking fund begins in 1893 and is
A int.
See rem'rks 110
110
& int.
f
<
to receive yearly 10
per cent of
the net earnings of the road for the preceding year ending December 31, " after deducting taxes, insurance, repairs, operating expenses and interest. Notice of bonds drawn must be given by advertisement in Boston, bonds to be paid on presentation, interest
ceasing July 1.
(
On or
before
Apl. 13.
)
2 weeks.
July
1
>
)
MISIELL WEOIS COMPANIES.
American Bell TelephoneDebenture 7 of 1888, due 1898
On or aft. A ug. l,'90,iss uered.atll0&int.on30 days' notio*
(F. &A.)
None.
edeemable only as a whole. Notice of intention to pay it
in Boston, bonds to be paid and interest to
(Feb. 1 or August 1).
Boston United Gas6 weeks.
Five percent sinking fund bonds of 1889, due 1939
105 & int.
After 1893. 105 A int.
Julyl
Mayl
Annual sinking fund (beginning January 1, 1894,) Is 1 per cent of
all bonds ever issued. Notice of bonds drawn must be sent by mail
to registered holders and be advertised in New York, Philadelphia,
Boston and London.
Issue
is
i
must be advertised
cease on coupon day
Cahaha Coal Mining-
Fr. coal,&c.
mortgage 7s of 1886, due 1907
J
Three cents per ton of coal and five cents per ton of coke mined ( Also, any or
goes to the sinking fund, which also receives interest on all bonds
redeemed, which are registered as held for the sinking fund.
Chartiers Valley
110 & int. Notflxed. Notflxed.
redee mable after drawing at 110 & int.
110
First
all
I
NotflMd:
Gas-
None.
mortgage (is of 1889, due 1889-1894
Notice must be sent by mall to registered holders.
Detroit Mackinac & Marquette
Income 7s of 1881, due 1911
Fr. I'd sales
Land grant was originally about 1,400,000 acres. Of the original
amount one-half the proceeds of sale of 400,000 acres and all the
proceeds of sale of 20,000 acres were pledged to special purposes.
The net proceeds of sale of the remainder, to the amount of 25 per
oent, are reserved for the p ivment of interest on the bonds; but the
remaining 75 per cent to their redemption.
First
Maryland CoalFirst mortgage 7s, due 1906
Of original issue of $250,000, $105,000 had been redeemed
C
to
Nov.
i
1889.
Lehigh & Wilkesbarre CoalSterling sixes of 1874, due 1899
Annual sinking fund is 2 per cent of whole issue ($10,000,000), plus
Interest on bonds redeemed by sinking fund, of which Nov. 1, 1889,
there were $4,655,000. There are only .$1,346,000 bonds in the
hands of the public, but of the original issue of $10,000,000 $3,235,000 were canceled, not sold, and these are drawn for sinking fund
as well as those outstanding. The mortgage provides that drawing
take pHce in February and bonds be paid May 1, after three weeks'
notice. In 1888, however, notice was given April 26 and October
18 of bonds called for payment May 1 and November 1 respectively.
or
Any
100
all
red. at 100
100
flat.
Int. at any ti
& int.
100 &
$1,000)
In 1888.
&
Not fixed
Not
int.
me on 30 da ye'
By
mail.
notioe.
Notflxed.
Not fixed.
fixed.
S
1,
100 & int.
$479,000
Maxwell Land Grant-
Prior lien 6s of 1888, due 1913
All proceeds from land sales to the extent of $5 per acre for all
land sold in any one year, and one-half the price realized in excess
of said $5 per acre, and all income from sale of mines, cattle, etc.,
constitute sinking fund, unless required for interest. Notice of
bonds drawn must be sent to secretaries of the Stock Exchanges in
New York, Boston. London. Edinburgh and Amsterdam. At maturity the bonds are payable at 110.
Xew England Terminal-
First mortgage 5s of 1899,
L'd sales.
Also,
due 1909
outst inding
This
is
110
&
As may bed ecidedbym
int.
Jan. 1
100 & int.
30 days,
106
any or all rod. at 100 & int. at any time after 30 da
*$79,000
Also,
Mayl
100 & int. Apl. or Oct. 6-8 weeks, Janor Jl/l
100 & int. at anytime prior to Ja n. 1, 1813.
Drawn
at
100
&
ort. trtuto'a
June
1
ys' notioe.
inter est, but sur render is op tional.
100 A
2,060
Deo. 31
I
Int.
!
Fuel-
General mortgage 6s of 1888, due 1908
Every year $30,000 bonds are to bo redeemed.
dra wn must be advertised in New York City.
*
C
i
& int.
See rem'rks
<lebt.
Western Union TelegraphDebenture 7s of 1875, due May 1, 1900
Annua] sinking fund $40,000. Bonds redeemed must be canceled.
Debenture 6s of 1875, due March 1, 1900
Annual sinking fund 1 per cent of Issue (total issue 206,000), of
which *29,Ono has been retired by sinking fund.
Whitebreast,
all red. a 1
*$l5,OOo| 110
Annual sinking fund $15,000 till 1900 and $48,000 thereafter, payable to mortgage trustee on February 1.
Oregon Improvement
First mortgage Os of 1880, due 1910
Annual sinking fund $50,000, plus Interest on bonds retired by
sinking fund and canceled. If less than whole issue is to be redeemed the bonds to be paid must be drawn by lot. Notice of bonds
drawn must be given by advertisement in New York and Boston.
Of total issue ($5,000,000) there were Nov. 1, 1889, $486,000 in
sinking fund, but sinoe drawing Interest these are included in
any or
In April.
precisely or approximately the
amount
of
(
Notice of bonds
$30,000
1
i
bonds,
110
(
Onor
<
llO&int.
i
before
(May 10.
money acorulng to the sinking fund in
1890.
6 weeks.
1
>
S
2-3 weeks
Marokl
.Tun* 1
STOCK AND BOND TA BLES.
NOTES.
These Utile* are expressly Intended to be used In connection with the Information concerning Investment matters published from week to
week In the Chkonh-lk to which an Index Is furnished In the remarks on each page. Annual reports are In black-faced figures. The dividends
as we give thtm In the remarks arc those paid In the year named, or such as ha e been declared and will be paid In It. In many Instances these
dividends lire' j aid In part out of the earnings of the preceding year, and hence It Is that the dividends appealing In connection with the earning*
of a vear often differ from the dividends paid In the same year.
The following will give explanations of each of the columns of the table* below:
Description. - Railroads leased are somet lines given under the lessee's name. Abbreviations used are
M. for "mortgage:" s. f. for "sinking fund "
L gr. for "land grant:" r. for "registered;" c for "coupon;" c* for "coupon but may be registered;'' e. A i. for'' coupon and registered;" br.
for "branch:" guar, for "guaranteed;" end. for "endorsed."
Pate of Bond: The date of Issue is referred to In this column.
Miles of Road. Opposite stocks, this means the miles of road operated opposite bonds, the miles covered by the mortgage.
But or Par Value. These figures are dollars, showing the dei.ominatlons or par value. The figures "100, Ac," signify $100 and larger.
Sate Per Cent.- The Interest per annum Is given for bonds, but the per cent of last dividend for stocks; g. means gold; x. extra; s. stock or scrip..
WAen Payable. J. A J. stands for Jan. A July F. A A., Feb. A Aug.; M. A B., March A Sept.: A.AO., April * Oct.; M. A N., May A Nov.; J. A D.,
June A Dec.; Q. J., quarterly from January; Q. F., quarterly from Feb.; Q. M., quarterly from March.
Bond; principal when itue ; Stock: last ditidend.-The date in this column shows the period when the principal falls due of bond: but the time
:
;
;
when
the last dividend
was paid on
stocks
Novembeb,
CITY SECURITIES.
1889.)
Subscribers will conferva great raV or Dr giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Date
For explanations see notes on first page of tables
Paul, Minn. Continued
Bonds, $100,000 May, '98; $50,003 Nov., 99.
do
$40,' 00 Apr., '99; $7S,000 Apr., 1904
do
$30,000 Apr.,1903; $45,000 Aug., '04
do
$105,0( Ap., 1909; $95,000 Mar '09
do
$265 000 19 13; $125,000 1914
do
$225,000 Jan '16; $200,000 July, 'It
do
$55,C00 Aug., 1906; $26,000 June, '07
dotoRR-., L. Sup. A Miss.A 8t P. A Ohio.,
do local imp..'98,&C.park($100,000J'ly,'03)
do of old Water Co
Balem, Mass.-C\ty debt ($325,000 6e)
Water loan, $75,000 due April, 1898
St.
.
,
,
do
Ban Francisco Cen. Pac. RR..drn atlOO oou.(g.)
Western Paclflo
RR
,
dr'n at 100, coup,
School bonds
School bonds
(g.)
-
Park Improvement bonds
Hospital bonds
House of Correction bonds
City Hall construction
Montgomery Ave
DupontSt.
(special-tax)
(special) (Act March 4, 1876)
Compromise bonds of 1879 ...
Compromise bonds of 1883
Bonds ($10,000 5*28, 1904).
Bonds
%'ynngfield Mass. W.loan $25/ 00 y. '94-1902..
Water loan ($775,000 are 7s, due 1903)
Railroad loan, $20,000 due yearly
Toledo. O. General fund city bonds, coup
Floating debt ref un ling bonds
Savannah., Ga.
Somerville, Mass.
i
Toledo
A Wood ville Railroad,
Water works ($3,000 only
coupon
6s)
Bridge bonds (redeemable after 1893)
Natural Gas bonds
Worcester, M. City, ($700,000 ext'ded to 1905)
Sewer debt
Water debt
Park debt
r
of
13
INVESTORS'
14
SUPPLEMENT.
[Vol.
XL1X.
siibnrrlbrn will confer a great faTor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation see notes oil
first
Date
page of tables
NortK Carolina Fd. b'ds (coups. tax-reo'ble).o*
o*
Old bonds fundable Into 4 per cents
No. Car.
KR
construct, bds. fd. Into new 6s. o*
('. RR. bonds (tax recelv. cps.)o*
"
Refunding N.
RRbde. (Chatham and W.4T.)
not
J
> recogPenitentiary bonds
tax bonds (In 3 classes)
> nlzed.
Speclal
OAto BoLds (pay. $260,000 yearly July 1) ..
Pennsylvania Reg. bonds, tax fr. (red'ble '92).r
Reg. bonds, tax fr., due 1904, red. after 1894.
Loan of 1882 (91,794.900 are 3>ss)
r
do. (in in mt i
laud sorlp
Agricultural College
Mhodc Hland War bonds
War bonds
c*
o*
Boulh Car.
Conv.bds.,actMur.23,'69,notfund.
Btate House bonds
1 fundable
Various old bonds and stock
> into brown
Blue Ridge Railroad bonds
1
consols.
Consol. brown and green (st-e remarks)
Refunding bonds and stock (blue)
Agricultural College scrip, one piece
Tennettee Fund, bonds, act of 1873 (red at 100)
Bonds registered, act of 1873
Held by
T. University (not to be funded)..
Compromise bonds (act of 1882)
New settlement 3s (act of 1883), red. at 100
.
.
New settlement 5s 4 6s (act '83), red. at 100..
Jteof Funding State debt 'act May 2, 1871)...
Defense,gold,aotAug.5,'70(red.aft.Aug.5/90)
Revenue deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar., 1874 (for paying float'g debt)
of debt, act Aug. 6, '76
Bonds, act April 21, 1879
Bonds, act of 1885
Virginia Old bonds, funding rate 69 p. o
Old bonds sterling, fundine rate 69 p. c
Consol. (aot Mar. 71), funding rate 53 p. c .0
do
do
r
do
do
Redemption
do
(act '72)
"
Pealer,'' fund, rate
"
do
do
Pealer,"
Deferred certificates <W. Va.)
69 p. c.o
r
do
March 28, '79, fund, rate CO % dado
do
sterling, fund, rate 60 %
" Riddleb'r" b'ds, 18-508, acts '82. 4 '84..c&r
1C-40S, act
Tax-receivable coups,
inol.
those of Jan., '89
of
November,
CITY SECUEITIES.
1889.
15
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
INTEREST.
DESCRIPTION.
Date of Size or
Amount
Prinoipal When
bonds.
When
Where payable and by
par
outstanding
Due.
Rate.
value.
whom.
Forexplanations see notes on first page of tables.
Payable
Albany, y. F.
Purchase Congress Hall Block..
Washington Park
New
1866
1870--71
1870-'82
City improvement
1874
Post Office site
Water debt ($339,000 due 1900-3, are 7s)
1874-*88
New
City Hall
Public Market
1882
1888
1888
1865
$1,000
1,000
1,000
1,000
1,000
1,000
Broadway Improvement
Bonds loaned to Albany A Susquehanna RR..
1,000
1867-'72
Atlanta, Oa. Bonds for streets, floating debt
500Ao
Bonds for A. L. Railroad and State House
1869-'70
1,000
Bonds for West. RR. and floating debt
1870 A '72 500 Ac.
1874
Bonds, 1st and 2d series, waterworks
1,000
..
1877
500 Ac.
Redemption bonds
do
$52,000 only due 1915 .... 1881 A '85
1,000
Bonds to fund floating debt (part each y ear) .
1879
. . .
.
1884
Capitol bonds
Redemption bonds
'86-'87-'e9
Aumista, da. $24,500 are 4Hs, due 1916
Baltimore Consolidated loan of 1890
Water
loan, stock, red. at will after
1916
r
r
r
Funding loan, stook, tax free..
r
Consolidated bounty loar
r
Exempt bounty loan
r
Public parks (Druid Hill)
Park improvement loan
r
Patterson Park extension
r
Five million loan to Baltimore & Ohio BR...I
New City Hall
r
r
Paving loan
r
Funding loan
$5,000,000 loan non tax. (Act of 1888)...
Jones' Falls ($957,000 are 5sA$455,000 3-65s)r
do
r
($100,000 are 3s)
Water loan ($203,000 only are 6s)
r
Harford Run Improve,$250.000dueaf.l920.r
Western Maryland Railroad
r
do
do
loan
do
do
Endorsements for Western Maryland
do
do Union Railroad
RR
r
r
r
Various.
Various.
1877
1878
1863
1865
I860
1863
1853
1870-'74
1881
1870
1889
1872-'84
1885-'88
1874-'89
1880-8
1872
1882
1887
1870
1872
Bangor, Me.
1885
Refunding bonds
1874
Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875).
1875
1869
European A North American Railroad
1869
Bangor A Piscataquis Railroad
Bath,Se.- Fund, debt ($78,000 are 5s,'97, J.AJ.)
Knox A Lincoln RR.. for stock and ooupons
1861
Androscoggin RR. (guar, by Maine Cent. RR.
Knox A Lincoln Railroad ($23,750 each year)
1869
do
do
(F.AA.and M.AS) .. 1871-'72
refunding, $100,000 4^8 due 1907
Boston City debt and Charlestown
1864 to '80
City debt registered.
1878-'82
City debt proper
.
BR
do
do
do
do
do
100
100
100
100
Ac.
Ac.
Ao.
Ao.
100 Ac.
100 Ao.
100
100 &c.
100 Ac.
100
500 Ao.
l'.OOO
500
Ac
1,000
500 Ac.
1,000
500
Ac
Various.
Various.
Various.
Various.
Various.
l'.OOO
1879
1885-8689
1885
1885
due Oct., 1906
due Jan. 1, 1896
due July 1, 1905
due Oat. 1, 1897
secured by s. f
$550,000
$80,000
$311,000
$145,000
Ten-year loan,
Suffolk Co. Court H'se b'ds sk.fd, not d'n.
1,000
100 Ac.
100 Ac.
100 Ao.
100 Ac.
100 Ac,
100 Ao.
100 Ao.
100 Ac.
Various.
_.r
c&r
do
do
do
do
1 50th payable yearly
West Roxhury, $25,000 payable yearly
Burnt district, sterling loan
. .
1889
188S
1-87
1885
1,
000 Ac
1,000
1873
jeioo&i"
Consolidated street improvem't, sterling loan.
1869
Park bonds, $455,000 4s, due 1918
1887-'88
do
do
sink, fund, $769,000, due 1899. r
1889
Mystio water debt, assumed, part renewed... 1862 to 'S6
3och. Water loan, 6 per cent
1867 to '7(1
do
do
5 per cent
1875 A '78
do
do
4 per cent
1878
100Ac
1,000
1,000
1,000
do
do
100 Ac
1872
Sterling
do
do
1875-'70
5s,g
do
do
1879
4Ja per cent
do
do
4s $2*0,000 due April. 1910 1879-'80
do
4s $336,000 due Oct.1,1913 1883 to '87
do
do
do
4s
r
1888
1,000
do
do
84-5-7-8-9
3*3 percent
do
do
3 per cent
1837
1887
1000 Ac
Stony Brook improve't, secured by skg. fd...r
1861
1,000
BrooKtyn Brooklyn local improvement loan...
Soldiers' aid fund loan, part eacl year
1865
1,000
Bush wick avenue, &c. improvement loan, local 1865-'66
1,000
do
do
do
1863
SoutliSeventhst.
1.000
do
do
4
6
7. 8
9,549,000
450,000
2,091,000
109,000
947,000
230,000
430,000
700,000
800,000
816,000
50,000
4,997,604
2,751,426
1,355,000
1,219.000
839,000
4,897,000
13,000
588,000
1,947,274
3,552,000
268,000
686,000
2,015,000
100,000
920,000
194,000
500,000
213,000
296.000
17,000
16,000
;
;
May 1, 1904
1890 to 1912
July 1,1905 to '10
6
4
4<sg.
3H
3>4
3
5
4
4
Various
Various
A J
A O.
A O.
3
A O.
7
Various
S A. A O.
l
5 g. J. A J.
313 A4 J. A J.
4
J. A J.
J.
A.
A.
A.
3>
-
Various
Various
Various
to 6
6
5
4
A.
A.
A
A
O.
O.
g g
5 g.
43>g a.'a'o.
'
}*
A O.
A O.
Various
A. A O.
A. A O.
M. A N.
J. A J.
J. A J.
J. A J.
A.
Various
A.
'3ia
3
4
7
7
7
7
1895-'97
J. A J., 1892
do
do
J. A J., 1890
do
do
Jan. 1, 1902
do
do
Jan. 1, 1904
do
do
Jan. 1, 1897
do
do
1911-1915
do
do
Jan., 1890 to 1896
do
do
Jan. 1, 1914
do
do
July 1, 1916
1889 to 1919
Augusta, Treasury.
Balto., Farm. A Plan. Bank. After July 1,1890
Balto., Nat. Mechanics' Bk. After July 1, 1916
do
do
After July, 1916
do
do
Sept. 1, 1893
do
do
After Sept. 1,1893
do
do
After Sept. 1,1890
do
do
Jan. 1, 1895
do
do
Oct. 1, 1920
Farm. A Plan. Bank,
Jan. 1, 1890
Balto.,
do
do
1900 and 1902
Balto., Nat. Mechanics' Bk. Af^er Nov. 1,1920
Balto., Farm. A Plan. Bank. After July 1,1900
July 1, 1928
April 9, 1900
Balto., N. Mechanics' Bank
do
do
April 9, 1900
do
do
Aft'r'94,19:iiA'26
do
do
1904 A after 1920
do
do
Jan. 1, 1902
do
do
July 1. 1945
Jan. 1, 1927
Balto., Farm. A Plan. Bank.
Jan. 1, 1900
Balto., N. Meohanics' Bank
Jan. 1, 1895
Baltimore, Franklin Bank.
Bost.,Merch.N.Bk.& Bang'r
Sept. 1, 1892
do
do
Nov.,1889 to 1891
do
do
Jan. 1, 1894
do
do
Julyl, 1905
do
Jan. 1, 1894
do
do
do
April 1, 1899
1897 A 1902
Bos., Nat. H. AL. B'k & Port.
Bos.. Nat. B'k 01 Com.APort.
1898
Jan. to Oct. 1891
Boston, 2d Nat. B'k A Port.
Bos., Nat. H. AL. B'k A Port, July 1,1890 to '99
do
do
1891 A 1902
do
1902-1920 A 1907
do
1889 to 1897
Boston, Treasurer's Office
do
do
Julv, 1889-1914
do
do
Oct. 1, 1889
do
1896 to 1919
do
1895 to 1916
do
do
1895 to 1906
do
do
do
do
1889-1900
do
Jan. 1, 1899
do
do
do
Oot. 1, 1918
do
do
April 1, 1937
1935
do
do
do
do
June, 1890 to 1891
London, Baring Brothers.
April. 1893
do
do
July 1, 1899
1917 A 1937
Boston, Treasurer's Office.
do
do
Jan.l,1899A1919
do
do
July, 1890 to 1916
do
1897 to 1908
do
do
do
1907-1908
do
April 1, 1908
do
Oct., 1902
London, Baring Brothers.
1905-1907
Boston, Treasurer's Office,
Oct. 1, 1909
do
do
1909-1912
do
do
1913-1917
do
do
Oot. 1, 1918
do
do
do
do
1914-1919
do
do
April, 1917
do
Oct. 1, 1917
do
Nov., 1891
Jan. 1, 1890 to '94
Julyl, 1890
Julyl, 1890
*
1
4 A4ifl
31.1
-9*
1910-'21
Albany,
I
,000
1390 to
'90 to 1900
N. Y., Del.A Hud. Canal Co.
N.Y. Han.Nat. B'k A Atlan
8
7
400,000
8
318,000
7
427,000
8
77,500
120.500
5
6
285,000
6
55,000
4*a
1H8.000
1,787,800 413,6 AT
6
7,306,546
5
5,000,000
5
1,000,000
6
2,211,068
6
410,353
6
555,566
6
185,723
4
200,000
6
5,000.000
6
1,500,000
4,
500,000
6
800,000
500,000
3a
2,212,000 3-65.5.S6
260,000 3 A 3>a
5,100,000 4, o A6
4
600,000
6
1,000,000
4
684,000
314
1,701,000
6
875,000
6
117,000
7
50,000
4
30,000
6
100,000
6
500,000
6
1,000,000
925.000
6A7
178,000 4I3&5
6
124,000
6
425,000
310,900
374,300
do
do
4
185,000
170,000
Total debt Jan. 1, 1839, was $5,057,000, of Ahich $1,884,000 was water debt. The loan to Alb. A Susquehanna is secured by
flTBtniort. The valuation of Albany City in'86 was: Real estate, $60,728,720; personal, $6,154,270; tax rate per $1,000, $18 40. In 1887 real
estate valuation was $61,245,455; personal, $6,326,900; tax rate
1st rate, $17 60; 2d rate, $7 60. Pop'n, 90,758 In 1880; 69,422 in 1870.
Atlanta. The total bonded debt Jan. 1 1888, was $2,520,000. Assessed value of real estate in 1885, $21,023,370; personal, $7,889,269'
tax rate per $1X00. $15.
In 1887 real estate, $^4,933,064; personal!
$7,304,70:1: tax rate, $15 Assessed value between 50 and 75 p c. of realPopulation, 37,409 in 1880; 21,789 in 1870; about 67,000 Jan. 1, 1888.
Augusta. Sinking funds, Jan. 1, 1888, $70,000. Taxable valuation
Jnl888: Real estate, $15,241,450; personal. $4,933,806 tax rate, $15
per$l,000. In 1885: Real estate, $11,468,310; personal, $5,088,430
tax, $16 25 per $1,000. Population in 1870, 15,389; in 1880, 21,891.
Baltimore. The Bait. A Ohio RB pays interest on $5,000,000.
Water loan Is paid by income of water works, and Publio Park by City
Passenger Railway, and against a total debt of $36,0J8,516 the city is
chargeable with interest on only $10,985,692, and holds productive
assets, including the sinking funds, equivalent to $14,757,683, leaving
on Dec. 31, 1888, only $4,295,140 debt over interest-bearing assets.
The " pro uetive securities " here include; $3,250,000 common t tock of
B. A O. RR. There are also held $8,676,600 of unproductive securities.
Popjlatlon in 1870,267,354; in 1880, 332,313; in 1888 (pnlioe oensusi
Including the Belt, 416,805. Assessed valuation, near .110 full cash
value, and tax rate have been
Real
Rate of Tax
Personal
Total
Tesrs.
Estate.
Valuation.
per $1,000.
Property.
1883
$189,91.1,494
$58,889,733
$248,803,232
1886
200,775,614
265,650,1)53
64,784,331
1888
"20-75
203,752,853
t267 ,516,724
63,763,371
Tax rate Includes: State tax, $1-75: school ant city tax, $19-00;
t Of this $2,168,total, $2^-75 per *1,000; tity tax for 1889, $1900.
581 lis exempt at present.
Bangor, Hie. The loans to Eu. A No. Am. R. R. to Bangor A Pis. R.
R. are secured by first mortgages on those roads, and interest fuLv paid
from the earnings. Total funded debt Mch. 13, '89, $2,605,000, lncl.
$600,000 water debt. The valuations (near full value) Iju '88 were Real
:
Boston, Merchants' Bank.
New York.
New York and Albany.
N Y., Merchants' Nat. Bk
7
1,000,000
349,000
Albany.
:
6
$78,000
390,000
1,058,000 4, 5, 6, 7
7
115,000
1,834,000 3H4.6A7
4
145,000
enigma
Munlolpal (property, In$6,865,155; personal, $2,908,427.
cluding water works, $825,500; tax rate, $21-60. In 1887, real estate,
rate per $1,000, $22 50.
$6,771,048, personal, $2,858,872: tax
Until Me. The city holds a first mortgage on the Androscoggin read
for tne debt, and first, second and third mortg'es on the Knox A Lincoln
for its proportion of $895,000 out of a total of $2,395,OOOboids issued by
several cities in aid of the latter road. Tax valuation in 1887-88 was:
Real estate, $2,370,415; personal, $3,226,215: tax rate, $23 per
$1,000. Tax valuation in 1888-89: Real estate, $2,886,895 personal,
$3,227,075; tax rate per $1,000, $21.
Boston. The population of Boston in 1880 was 362,839; in 1870,
250,526. against 177,840 in 1860. The gross debt on Apr. 30,1889,
was $49,9^0,475 (including olty debt proper, $30,794,701; oounty
debt, $2,463,000 Coohituate water debt, $14,941,273; Charlestown,
West Roxbury, etc., debt, $1,721,500), and the total slnkiug funds,
-3tc, applicable to It, $22,263,28 i, leaving the net debt $27,654,190.
The law of April 17, '85, limited the taxation in Boston for city purposes to $9 on the average valuation of five years preceding, to wbioh
The net debt is
is added the tax for city debt and for State purposes.
Asnot to be over 2 p. ot. of average assessed valuation for five years.
sessed valuation on May 1 for five years has been:
Net Debt
Personal
Tax
Real
Rate.
Deo. SI.
Years.
Estate.
Estate.
estate,
;
;
$17 00
$483,130,600
$194,526,053
12 ?0
193.086,500
517,495,200
13 40
547.170.300
200,454,600
13 40
201,439,273
563,013,300
12 90
201,606,300
593,810,400
Brooklyn. The whole citv debt was as follows Jan.
1884
1886
1887
1888
1889
Tax
certificates
Gross debt
Less sinkingfund
Netdsbt
,
1389 and
'88:
$25,800,703
11,682.500
419,000
2,500,000
1, 1883.
$25,807,543
11,073,500
483,000
2,500,000
$40,402,203
8,828,782
$39,864,043
7,84^,541
Jan.
Permanent debt
Water loan
Debt payable from assessments
$24,766,064
26,354,395
27,627,589
26,850,90 1
1,
1889.
$31,573,421
Jan.
$32,014,502
16
SUPPLEMENT.
INVESTORS'
XL1X.
[Vol
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation* see notes on
first
Size or
of
liomln.
{Cont'd) 4th ave., Improve't Iran
oAr
Bridge loan, $1(0,000 ye* ily
for N. T. 4 Brooklyn Bridge
o or r
for N. T. A Brooklyn Bridge
do
do
do
do
Prospect Park loan, reg. A coup
Prospect Park loan
Permanent water loan
do
do
..
.*.
r
Temporary tax certificates
Certs, of indeht ($35,000 4s due 1890)
Bonds to pay arrears to county
.
.
.
Bonds
Bonds
186*
$1,000
1,000
1,000
1,000
1879 to '82 1,000
1881 to '83 1,000
I860 to '73 1,000
1864
1,000
1857 to '75 1.000
(:
A:
1870
1870--76
1876 to '80
1889
Various.
1884
1884
1884
1H83
1839
1889
Arrear-obds. ($1 ,650,000 1040s 4s, J'y, '23) .r
Local Improvements
do
r
$100,000 due Feb. each year.
School Impr'm't, $100,000 due Jan. eaohy'r.r
County bonds, reg
Buffalo, A. T. Funded debt bonds
c&r 1870"to"'89
Waterworks bonds
c&r
Tax loan bonds
c&r
Cambridge, Mats. City loaii,150,0005s'93c&r
c&r
City loan,pavlng 20 j e u- loans
do
sewer l'ns, 20 yr. 4 30 yr. b'ds c&r
do
street (20 yrs ) 4 street widen'g(30)
do
Bewer l'ns, $30,000 are 4s, Nov.,'07
Bridge loans, 20 years
Municipal (10 yr) and Cemetery (20 yr) loans
Water loan,20 yrs, part due each year'89to'97
do
c&r
(only $12,500 are 5s)
. .
outstanding.
,000Ac
1870 to '89 1,0004c
1880 to '89 1 ,0004c
1863 & 70 1,000
1873,
1873
1
'4. '5
'4'5'6
1873,'4,'5
1886 A '87
1887 & '88
1885
1868 to '77 500 4o.
1878-'87
1,000
do
1886
100 Ac
Charleston, B.C. Oon.bds.,to red.past-due debt
do
1110 4c.
do
do
1878
do
100 Ac.
1879
coup, or reg
Chelsea, Mass Sinking fund bonds
Funded debt ($350,000 for water)
1,000
do
notes
Chicago Water loan
500,4c
,
Water loan
Water loan (refunding)
do
do
1,000
,
1882
1888
Sew'ge bds.,$490,000j'y,'92; $785,000J*y,'94
Kate.
Value.
page of table*
Brooklipi
Amount
par
Date
100, 4c.
647
$102,000'
7
3,000,000
7
1,250,000
6
3,333,000
5
2,279,000
4
2,383,237
7
8,019,000
e
1,217,000
11,573,500 3, 4, 5, 6
3
600,000
3
2,500,000
705,305 3>s44
4
540,000
2,350,000 3 4i.v-l
200.000
4
3
1,000.000
3
400,000
230,000
3>a
8,4 !6,827
2.965,882
480,836 310 41*
170,000 5 g. A 6
6
235,000
6
621,000
127,000
6
55,000 3>a44
4
210,000
4
265,000
6
874,000
445
519,500
218,000
3%
44 8,500
7
6
109,500
4
3,391,737
6
446,800
6
1,092,000
123,000
4,41a
6
132,000
7
3,115,000
3 65
333,000
4
150,000
1,288,000
7
489,500
815,000
2,608,000
186,000
1,858,000
1.333,000
1,9^5,000
4i
1,000
1,000
1880
&
Mun'ibd8.,$100,OOOJ'y,'95;$86,OOOJ'y,'96f&g
Municipal and School bonds
Municipal bonds (refunding loan)
1881-7
Cook County debt, $1,483,000, May, 1892 .
'88
500 4c.
48
5004c
.
do
do
do
750,000
($500,000 at 4 p o. due 1905)
due $50,000 each; ear..
Cincinnati Bonds for Com. School purposes. P
1863
1,000
Bonds toO. 4M. RR. to purchase whf. prop.. N
1855
1,000
Bonds for ext. ana Impr. Water W. .0, D. & E 1847 to '50 500 4c
Bonds for funding floating debt
A4A2 1847 to '48 500 4c.
New Hosp'lbds. $2 50.000 M.&N.,due'd8.84S2 1867-*68 1,000
Bonds for funding floating debt
L
1853
1,000
Extension and improve. Water Works. K 4F 1851-'53
1,000
Bonds to purchase Orp'n Asyl. grds. for park.O
1858
100,000
Bonds for sewerage
E
1869
1,000
Bonds for improving Gilbert avenue
U
1869
1,000
Bonds to build Eggleston avenue sewer
B3
1869
1,000
Bonds for Water Work purposes
C5
1872
1,000
General improvement
W2
1871
1,000
Cincinnati Southern RR
1872
1,000
do
do
500 4c
1876
($2,890,000 are gold 6s)
do
do
1872'78'79
1,000
Funding debt bonds, coupon
1874
1,000
Park improvement (Q. $15,000 6s)
1875
1,000
Water-works b'ds.,$100,000dueAug.,1895 Dl
1875
1,000
Bonds for McLean Ave. sewer ($35,000 5s) U2
1879
1,000
83
Hospital bonds
1876
1,000
H2
University
1872
1.000
Street bonds, series, part of each each year
1880 to '89 Various
Consol. s. f. bonds, 30-50 yrs. (Act Aplt 9, '80, 1880 & '81
1.000
1,658,500
1,950,000
98,000
194,000
397,000
171,500
750,000
60,000
175,000
100,000
150,000
150,000
100.000
300,000
600,000
. .
. .
Assessment bonds
U4
100 4c.
1880
Work House and Infirmary ($19,000 M. & N.) 1881 & '82
100
100 4c.
Fundlngdebt (redeemable after 1891)
1881
Deficiency and pavement bonds (10-20 yr.)
1885-'89. Various
City Hall bonds, redeemable after 1897..
1887-*88
l.oOo
Fire bonds
1888
1,000
Cleveland Water works ($200,000 are 6 p. ot.). 1872 to '84
1,000
Funded debt
1872 to '89 1.000
Lake View and Monumental parks
1872 to '74 1,000
Canal and canal lock ($11,000 are 6s)
1874 to '79 1,000
.
499,500
2,473,000
575,000
150,000
1,775,000
1,784.000
80,000
275,000
Valuation of
Av. Rate.
$26-50
27 595
Personalty.
7
6
7
4
7
5
1
&
U-2
4
4
6
6
6
6
7 3-10
6
T.
J.
J.
J.
J.
J.
J.
J.
J.
J.
4 J.
A J
A J.
A J.
A J.
A J.
A J.
4 J.
dc J
4 J.
A J.
A J.
A J
A J.
A J.
A J.
A J
A N.
6
6
J.
J.
A
A
J.
J.
Various
A.
A.
J.
A
4
4
O.
O.
J.
Various
Various
Various
4 J.
4 J.
4 J.
J. 4 J.
J. A J.
J. A J.
J. A J
4 J.
4 J
J. A J.
J. 4 J
M. 4 N
J. 4 J.
M. 4 N
M. 4 S.
J. 4 J.
M. 4N.
A. 4 O.
M. 4N.
J. A D.
J. A J.
J.
J.
J.
Various
M.1748
7
When
Principal
Due.
July 1,1890 to '95
July, 1899-1924
1965, '6, '7 4 '8
1908 to 1919
1917'18'19'23'25
1921 '2 '3 '5 '6 '7 '8
1915,
'6, '7, '8,
'24
1, 1924
1891 to 1916
Jan. 1, 1909
3 years from date.
1905
July 1, 1924
July, 1923 4 1921
July 1, 1893
Julv
Mill!
o
Feb. 13. '04 to '13
Jan.21,1917to'20
Buffalo
and New York.
do
do
do
do
Boston, Bank Redemption.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Charleston, Treasury
do
do
do
do
Chelsea, City Treasury
Boston, N. Bk. Redemption
N. Y.,
Am. Ex.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Chicago.
Chicago.
do
do
N. Y., Bank of America.
N.Y., Am. Exeh. Nat. Bank.
N. Y. Bk. of Americj.
do
N.Y.,
Am. Exoh.
do
do
Am. Exoh.
do
do
do
do
do
do
do
1,
19 14
4 '18
1890 to 1927
1, '90 to 1909
June,1890tol900
July '90 4 Jan.'93
July, 1893-'94'95
1895,'96. 1903-4-5
1893.41903, '4, '5
Nov.l. 189641907
1917 4 1918
Ap.'95 A Aug. '05
July,1890 tol897
94-'98-19O7,'6'10
1906 and 1911
1889 to 1897
Apr. A Oct., 1898
Jan. A July 1.1909
1889 to 1908
Aug. 1, 1891 to '95
Sept. 1, 1889-1890
July, 18"0,'2,'4,'5
July 1, 1902
July 1, 1908
July,'2,'9l 4 '95
July 1, 1900
July 1, 1904 4 '08
J'y, '90, '2, '3, '4,'5
July. 1895 4 '96
1, 1890 to '99
April 1,1901,'7,'8
July
1890, 1892
Jan. 1, 1899
May
1, 1900-1905
Mar. 1, '90 to '08
Jan. 1, 1890
Nov. 1, 1890
April 15,1895
May
1,
1897
Nat. Bank, June'974Nov.,'98
do
Jan. 1, 1900
N. Y. Bk. of America.
Cincinnati, City Auditor.
Y.,
May
Jan.
Nat. Bank. July,'974Jan..'98
New York 4
7 3-10 M.154S N.
7 3-10 M. 4 8.
7 3-10 A. 4 O
7
F. A A
7 3-10
8,071,000
4,825,000 6g. A 7-3
6A 7
2,260,500
7
995,000
6 A7
65,000
7
200,000
5 A6
140,000
7
50,000
7
76,000
5 A7
619,010
4 45
2,354.000
4 45
24,706
4
79,000
.
J.
J.
J.
J.
M.
3to7 Various
3>ato7 Various
500 4c.
do
$458,'o6o J'yV'bi; $387,000 J'y, '0? 1884
River improvement bonds, part each year...
INTEREST.
Where Payable and by
Whom.
Payable
When
Nat. Bk.
do
do
do
do
do
do
do
June 4
Oct.,
1900
Mar., 17, 1908
Sept. 15,1899
Sept. 15, 1899
Oct. 1, 1899
1897
1891
1902
1906
May
Various
1902-1908-1909
M15&N Cincinnati, City Treasury. May 15, 1904
J. A J. N.
Exch. Nat. B'k. Jan.ANov.l, 1890
., Am
A D
A J
M. A N
J.
J.
F.
M.
M.
F.
A A
A N.
A N
A A.
Aug.
Dec.
July
1,
1,
1,
1,
Cincinnati, City Treasury.
Aug.,'90 4 '95
N.Y., Am. Excli. Nat. Bank. Var. 1894 to 1909
Treasure.
Cincinnati, City
May 1, 1906
N.Y., Am. Exch. Nat. Bank
Aug. 1, 1897
1890 to 1899
1930 4 1931
May, 1890
J. A J.
Cincinnati.
May, '91 4 J'y,'92
4
J. 4 D. N. Y., Am. Exch. Nat. Bk,
Juue 1, 1901
4
Various
do
do
1905 to 190!)
4
do
do
June 1, 1907 4'03
I. 4 D.
4
J. 4 D.
do
do
June, 1900
3-65 to 7 Various N. Y., Am. Exch. Nat. Bk.
1892 4 1903
do
do
Var.1889 to 1902
4, 5, 6, 7 Various
7
Various
do
do
Nov., 1889 4 '92
64 7 Various
do
do
Var. 1894 to '9 g
Semi an
Cincin., Offl-e CityTreas'r
Various N.
Various
Y.,
Am. Exch. Nat. Bk
do
do
November,
1889.
CITY SECUKITIES.
|
Snbseribers will confer a great favor by giving Immediate notice ot
Date of
Amount
bonds.
DESCRIPTION.
Size or
par
outstanding.
value.
For explanations see notes on first page ot tables.
Cleveland (Con.) 3en. bonds, vari's purposes. 1885-89
$1,000
Viaduct (mostly F. & A.. A. A O. and J. A D.) 1873 to '78
1886 to '88 1,000
Elevated Roadway
Various.
Special bonds
1884-5-6-7
1.000
Kingsbury and Pearl Street Bridges
50,000
April 1
Columbus, Ohio, Schol bonds
1885
Des Moines, lowa2i renewed judg. bds. 5-20s
1,000
1878
1.000
Funding bonds, extended in 1888
1886
Warrant funding bonds drawn at par
Detroit,Mieh.or Water W.Co., on city's credit 1855 to '81 500,Ao
1869-'70-l
Publio Building stock (City Hall) bonds
Public sewer bonds ($35,000 are 6s, due 1897) 1872 to '77 l'.COO
Public sewer bonds ($100,000 3^s, due 1906) 1886-88-89 l.OOOAc
1879-82
1888
1,000
Publio Improvement, ($30,000, due 1911).... 1886 A '87
500 Ac.
1882
Elizabeth, X. J. Adjustment bonds and scrip ..
1870 to '73 1.000
Erie (Penn.) Water bonds
Improvement bonds ($38,500 due Nov., '89.. 1869 to '73 100 Ac.
Consolidated bouds, $35,000 are 6s, 1898.... 1874 to '78 100 Ac.
1887-89 500 Ac.
Refunding bonds
1887
1,000
Evansville, Indiana. Series J lund. debt loan.
and Market bonds
Public Improvement
Belle Isle
do
do
Series B,
Series C,
do
do
1887
1887
1887
New Water Works loan
Ball River, Maes.
City notes
City bonds
do
gold
do
($50,000 are 5s)
do
do
do
Water
do
do
do
do
c"
c*
c*
c*
$175,000 are 5s, due May, 1898.. c*
..... ..c*
(86W61*)
loan, $25,0u6*due j 'riy, "l892 to '99*.cAr
1,000
1,000
1,000
Large.
lOOO&c.
1,000
1,000
Various
1,000
1,000
1,000
1,000
cAr
$100,000 due 1906 are M.AN..cAr
oAr
1873
1,000
City bonas
1887
2.000&C
Municipal bonds ($2,000 or $2,500 due y'ly)..
loan ($300,000 due July 1, 1891)
1871 A '75
Water
1,000
do
1883-6
1,000
$50,000 4 per cents are 10-20s .r
Galveston, Tex. Llm. debt bds. (s.f.2%) pay.atwill 1877-8-9 100 Ac.
Limited debt, 40 year b'ds s. f .. 1880 A 88 100 Ac.
do
W. W. S. I. A C. H. 40-year bonds
1888
1885-'81
1,000
Hartford, Qonn. Water bonds
1876
1,000
City bonds (H. P. AF. BR.)
Funded debt
1868
1,000
1872
1,000
Capitol bonds
Hartford town debts to railroads 10-25
l879-'80
1,000
do
war
do
1863
1,000
do
1875
1.000
floatingdebt
do
New bonds, non-taxable
1889
1,000
1875
Boboken. N. J. Judgn ent bonds
1,000
1865 to 'T, 500 Ac.
Bonds, various
Bonds for redemp. impt. certs
1878
1,000
500 Ac
do various ($75,000 due Feb. 1, 1899)
1878
do various ($196,000 due Nov. 15, 1901). 1880-'83 500 Ac.
Sohool House bonds
1887
5.000AC
Public bath
1888
5,000
500
1870
Indianapolis BoDds to I. C. A D. RR. Co....c*
Bonds to Un. RR. Tr. Stock Yard (mort.)...C
1877
1,000
o"
Loan bonds, series A
1873
1,000
do B
c*
do
1873
1,000
do C
do
e*
1874
1,000
do
do D
o*
1875
1,000
500
1874
Purchase-money bonds Southern Park
1,000
Jersey Oily Water loan bonds, mostly coupon 1852 to '77
Water loan bonds, mostly coupon
1869 to '73 1,000
Water loan
c<fcr
1872
1,000
City government
1871 to '88 500 Ac.
Improvement bonds. Green, school, Ao
c&r
1870
1,000
Morgan street dock
Funded debt bonds
1872
1,000
Old J.C.b'ds ($206,000, Nov. l,'89,M.AN.)..cir 1864-'65
1,000
r 1869-'70 Various
Hudson City bonds
Bergen Sch'l loin b'ds ($50,000 due J'y l,'98).r l868-'70 l.OOOAo
Bergen ft. improv. and bounty loan bonds.. r 1865- '69 Various
Assess't fund.b'ds ($300,000, 1906, J.AJ.).c*r 1875-'76
Temporary loans
Bonds to fund floating debt, Ac
c&r
1879
1,000
1880-*1
B'ds for mat'g b'ds,Ac.($150,000, 5s,AAO)cir
1884
City of Jersey City loan
Fitthburg. Mass.
.
Bonds 1889
Kansas Oilv, Mo. Renewal 20-year bonds
Renewal '20-year bonds, $40,000, 7s, 1898
Funding and renewal bonds, series "B"...
.
.
'75-"'76-'77
1878 A '81
1873
l'.cb'o
l'.ob'o
$127,000 4 A 4ia
2,138,000 5. 6 A 7
4 A5
884,000
627,300
4,5,7
300.000 4, 4>a, 5
5
100.000
228,000
4<a
4
160.000
210,000
4ia
4 to 7
1,137,000
217.000
7
291,500
510,000 3>aA4
4
121,000
3-65
100,000
3>a
370,000
4
3,250,000
7
133,000
7
62,000
7 A6
527,700
4
306,500
5
675,000
350,000
4ia
4
720,000
6
400,000
3 78, 4
00,000
45.000
6
600,000
5 Af'
450,000
4
100,000
5 A 6
261,860
3 78
125,000
6
200,000
6
300,000
6
800,000
5
300,000
4
100,000
6
400,000
4
32,500
6
400,000
104.500 3>aA4
115,900
8
5
1,249,400
5
500,000
5 A6
827,000
6
500,000
6
300,000
6
1,000,000
500,000
4>a
6
50,000
6
203,000
3
730,000
54.000
7
7
219,500
6
337,000
6
151,250
5
261,000
45,000
4^
4
10,000
6
45,000
6
500,000
7-3
300,000
7-3
300,000
7-3
300,000
73
200,000
109,500
73
e
984,000
7
3,329,000
525.000
b
7
549,000
7
5,151,333
7
125,000
500.000
7
558,000
7
50,000
7
7
150,000
441,000
7
7
1,000,000
1,028,000
"is"
1,353,000
600,000
1,000,000
6
2,867,000
300,000
"a
6 A7
90,000
8
250,000
6A7
'i
5A6
Detroit, Mich. Total funded debt July 1, 1888, was $2,531,500:
deduct for water works, $1,137,000 assets of sinking fund, $725,877
net debt. $1568,622. There are $10,000 House of Correction bonds;
due 1893. The population in 1870 was 79,577; in '80, 116,340;
In 1883, 130,000.
The value of water works is about $3,500,00.
The water works bonds are issued on a pledge of the city credit, and
$75,000 per year collected in taxes to pay interest on them. Population in 1886 about 175,000. Valuations (based on true value) and tax
rate have been
:
;
:
Years.
Rate.
17
any error (Uncovered in these Tab'e*.
INTEREST.
Where payable and by
whom.
payable
Principal
due.
When
Various N.Y. Am. Exob. Nat. Bank.
Various
do
do
Various
do
do
Various
do
do
Various
do
do
A O.
A J
AA
M. A N.
N. Y., Nat. Park Bank.
N. Y., Coffin A Stanton.
Various
Various
N.
A.
J.
F.
F.
J.
do
do
a"d.
A
do
do
June, 1890-1005
Var. 1893 to 1907
Vxr. 190
1
to
1904
Var. 1889 to 1903
Var. 1899-1903
April 1, 1899
1905, payable '90
1908
1906,red.atoption
Aug., 1889 to 1906
June, '89-'90-'91
First Nat. Bank.
do
do
do
do
do
do
A A.
A D
Various
j.
J.
ST.,
When
do
do
do
do
do
do
1892-'93-*94-'97
1906 A'18, '19
1889 to 1902
Jan. 1, 1918
1911 1916 A 1918
N. Y., Mercantile Trust Co.
July 1, 1922
Various
New York.
1590.1892, 1893
Various
do
Nov.l,1889A1893
J.
A J
A J.
A J.
A J
A J
A J.
1894
do
do
A
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
5,
1898
1907
1912
do
J.
do
1912
do
J.
do
1912
July
do
J.
do
1912
July
Various
1892
City Treasury.
Aug.
Various
do
Apr.A Sept. 1891
F. A A.
Boston, Revere Bank.
Aug. 1, 1894
M. A N. Boston, Bank Redemption.
May 1, 1895
do
M. A N.
do
May 1, 1895
do
do
1896-'97-'98
m.'a'n.
City Treasury.
May 1, 1905
N. Boston, Bank Redemption. Nov. 18, '92 to '99
do
Various
do
Aug. A Nov., 1899
do
F. A A.
do
1900, '04, '05, '06
do
Various
do
1908 A 1909
do
F. A A.
do
Aug. 1, 1900
J. A J. Boston, Merchants' Bank
July 1, 1893
18: 9 to 1897
M. A N.
do
do
do
J. A J.
do
July 1, '91, 1905-6
do
A. A O
do
1894,95,98 A 1903
M. A S
New York or Qalveston.
1393-1909
do
do
1920 A 1928
J. A D
do
do
J. A J.
Various
1890-1906
City Treasury.
Suffolk Bank, Boston.
Jan. 1, 1891
J. A J.
Jan. 1, 1893
J. A J
City Treasury.
do
Jan. 1, 1897
J. & J.
Town Treasury.
Jan. 1, 1890
J. A J.
do
Jan.
$10,000 yearly
do
J. A J.
Jan., 1900
July 1, 1909
on coupon f
Feb. 1, 1905
j. "a'j. 1 Interest
bonds paid at First Nat. Jan., 1890 to 1896
A. A O.
Various Bank, Hoboken
Deo. 1, 1898
reg.
> int. paid by City Treas1893 to 1902
Various
{
Various urer interest on Water 1901, 1903 A 1910
bonds paid by Water
F. A A.
Aug. 1, 1907
Oof 1, 1898.
Various J Registrar.
[
Jan. 1,1890
Jan.
Indianapolis City Treasury.
N. Y., Winslow, L. A Co.
Jan. 1, 1897
J. A J
do
do
J. A
July 1,1893
do
do
J. A
July 1, 1893
do
do
A
July 1, 1894
A
do
do
July 1, 1895
do
do
A
Jan. 26, 1894
A
N. Y., Meroh. Ex. N. Bank
1891 to 1909
do
do
Var. J'y,'89te 1913
Various
do
do
Feb. 1, 1913
do
do
J. "a'j.
July 1, 1913
do
do
Various
1891 to 1906
do
J. A J.
do
June 8, 1900
M. A N.
do
do
May 1. 1897
A. A O.
do
do
Nov.. 1889-1890
do
do
J. A J.
190u
do
do
J. A J.
Jan., '98 A 1900
do
Various
do
1889 A 1890
do
do
J A D
1894, 1905, 1906
Demand.
f.a'a. N. Y Merch. Ex. Nat. B'k
Feb. 1, 1909
do
do
J. A D.
1910-1911
A. A O.
April 1, 1904
J.
J.
J.
N. Y., Winslow, L.
A Co.
MA
i
j
;
|
|
i
;
|
I
I
Semi-an
Semi-an
M. A N
New York, Ninth
do
do
Nat. Bank, 1895, 1896 A 1897
do
Nov., '98-Jan. '01
do
May
1,
1893
INVESTORS'
18
SUPPLEMENT.
[Vol.
XLIX.
Subscribers will confer a great IkTor by KiTtna; Immtslito notice of any error discovered In these Tables.
INTEREST.
DESCRIPTION.
Date
Size or
explanations see notes on first page of tables
$J0O
1,000
1866 to '67
1883
1873
Re-eonstructing street
1871 to '73
Pub.bldgs.&ln8tus.$122,O00or91,pa.atS.F.of.
186S
Sewer bonds.......
1871
do
l MS a '73
Elisabeth A P. Railroad
Wharf property ($124,000 due May 14, 1898) 1802, 3. 8
1869
Jail bonis
For old liabil's, $1 19,000 of 1901, pa.atS.F.of. 1871 A '74
188(5
do
do
1880
do
do
(half are 10-40 and half 20-40)
1871
Louisville, New Albany A St. L. Air Line RR
Cin. A Lex. RR
1871 A '73
Road bed, Loulsv.,
1863
City bonds payable by Loulsv. A Nash. RR.
1888
Municipal bonds
1862 to '84
howtll, Mass. City notes (various purposes)
1882-83
Bridge bonds
1871 to '85
Water notes
1870
Water bonds
1883 A 85
Sinking fund
Various
liynn, Mass. Water bonds and notes
r Various
Water loan, aot of 1883, 30-year bonds
1888
do
aot of 1888, 30-year bonds, s. f.o*
Various
Municipal loan. School and Engine Houses..
1869-'85
Manchester, N. #. City bonds
1872-'74
Water bonds
1881
Bridge bonds
1877
Comprom. 6s,duel907,stam'd.c
Memphis,Tenn.
1883
Taxdlst. 6s, due 1913 (may be called)....
Taxdlst. 6s, due 1915
1883- 87
1871
Milwaukee, Wis. General city b'ds (d'n at par)
do
1876
do
(not liable to be called in)
do
1885-86
do
(drawn at par)
bonds (drawn at par)
1882--83
Bridge
Water bds., $240,000 due 1903,diJ n at lOO.cAr
1872
do
1883-86-87
,
do
Refunding ooupor (drawn at par). 1883-'84
School bonds
1887
1887-8
Bath and Intercept Sewer bonds
Minn. Railway Aid
1871 A '77
Minneapolis,
Gen. purp's, schools, Ac. ($680,000 are 4AHas) 1871 to '89
Parks ($100,000 are 4s)
1883-'89
500&C
SOOOAc
.*..
,
.
.
.
outstanding
Value.
1875
Kansas Oily, Mo. {Cont'd) Floating debt lids.
Bonds to K.C.A 8.F., due '90 A K.C.A N.('97). 1867 A' 70
1884
Lawrence, Mast. Sewer loan
1862 to '75
Funded debt
1881 to '87
do
1873-'75
Water loan
Various.
hong Island City- Ueneral bonds
1888^86
Tax or revenue bonds
1859 to '07
Louisville, Ky. Water works
For improvement of streets
For municipal improvement
Amount
par
of
Bonds.
r
.
.
,
911,500
43-1,500
5
499.000
190,000
1,500,000
600,000
519,000
81,000
423,000
998,000
141,000
133,000
513,000
500,000
1,000,000
472,000
350,000
333,000
1,500,000
737,500
402,500
531,000
1,300,000
120,050
1,124,000
223,800
175,000
911.000
285,000
600,000
60,000
747.000
1,507,400
986,000
158,000
98,000
248,000
119.000
1,074,000
524.000
218.000
190,000
81,000
250,000
865,500
623,000
100,000
1,235,000
2,009.000
926.000
205,000
2,265,500
1,088,700
200,000
80,000
450,000
468,000
558,000
448,000
400,000
1,200,000
2.5P8.0O0
3,497,000
100 Ao.
Large.
1,000
Large.
1,000
1000*0.
500 Ao.
100 Ac.
100 Ac.
1,000
100 Ac.
le85-'86
1871-'88
,
4s)
1,000
1,000
1,000
1,000
1,000
l.OOOAo
1,000
1,000
500 Ac.
Various.
1,000
1,000
500 Ac.
Permanent Improvements ($1,405 ,000 are 4s) 1881 to
'89
1,000
Bridges over Miss. River ($320,000 are 8s).. 1872 to '89 1,000
Sewers ($65,000 are 7s A 8s)
1870 to '88 1,000
Mobile Fdg.bds. ,dr'n at 100 (4 p.c. to Jan.'190 )
500
1881
Nashville. City bde.($25,000,due 1901)MANc- 1870 to '87 100 Ao.
1
Bonds
Munlcipil Bridge bonds
o*
"
1885
Watetworks($50,000 due yearly after 1906)o
Waterworks ($300,000 due 1918)
Newark Floating debt, Ac, sinking fund
1887 A '88
1866 A '71
1868 to '87
oAr
1875
Public school bonds, sinkingfuna....
Clinton Hill bonds (s. fd. 3 p. o.)
cAr 1878-'80
Corporate bonds, sinking fund
Sewer and improvement b'ds (local liens) s. f 1873-1887
.
Auueduot Board bonds($2,490,0O0due
Tax arrearage bonds, stnking fund
do
do
sinking fund
Funded debt bonds, sinking fund
and City tax, siuklng fund
Annexation
Intercepting Sewer bonds
Sew Bedjord, Mass.
In '92)
1867-'86
1879 to '85
City Improve, (part
1885
1886
1888
s. f.).
1875-89
1867 to '76
1876 A '84
1881-'89
Ifew Brunswick, If. J.
1867-69
1st A2dmort. waterworks bonds
Water bonds of 1873, '74 ($10,000 only are 6s) 1873-1874
1873
City improvement bonds
1881-82
Sinking fund bonus
1882-85
1885-86
do
do
1,000
Various
1,000
5,000
1,000
500
500
500
1887
1388
do
As to new bonds in 1889 see Chronicle. V. 48, p. 420.
la 1880. 120,722, against 82,546 in 1870; In 1885, 155,300.
and tax rate per $1,000 have been
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1886-7-8
.
Water bonde
do
($100,000 4s due 1894)
Sewer and Bridge bonds (part sinking fund)
do
do
do
Bhortbond
1,000
Population
Valuations
Various
Various
_A
Boston, Tremont Bank.
Lawrence, Mass.
do
O.
6
4
7
J.
A
A
A
do
do
J.
7
Various
6
J.
J.
7
7
e
6
A A
A N.
A 8
A J.
do
do
do
do
J.
Various New York and
5
F.
5
M.
7
M.
7
6
4
Quar.
4to6>j Various
M.
6
4
A
A6
A6
4
4
Various
Various
J.
6
6
6
_
7
J.
4
4
J.
7
4
4
....
7
4 to 10
4 A4>9
4 A4
4, 4>s,7,8
4
A 4>s
4, 4>, 8
4, 4 1 ,7,8
4
to 5
6
5>s
5
6
4>s
7
414
A
5
A6
7
7
4,6
A7
4,4ito7
8S,000
6
263,000 1 A- 4>*
5
232,000
4
284,000
4
620,000
440,000 3>s, 4A(
460,000
6A7
200.000
4A5
193,000 3>a,4A6
180.000
153,500
32,000
47,000
52.000
141,500
45,000
40,000
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Boston,
Bank Republic
do
do
do
City Treasury
J.
J.
J.
J.
J.
J. Mil.
do
do
do
A Boston.
City Treasury.
do
New York and Memphis.
D.
J.
J.
J.
J.
J.
J.
J.
A N.
A N.
A J
M.
7
J.
5
M. A
A7
W hen
Due.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A N. Y., Morton B. A Co
do
1890-1894
1891-951902
1, '90. to 1908
Oct
In instalments.
1890 to 1903
1889 A 1897
1896 A 1897
1923
July 1, 1903
1891, '92 A 1903
July, 1898
June, 1901
Jan. 1, 1903
1892, '93
A '98
1898
1901
Feb. 1, 1911
1920
May 1,
Sept., 1891
July, 1901 A 1903
1893
1922
1889 to 1894
1889 to 1903
Dee., 1888 to 1911
Nov. 1, 1890
1889 to 1895
Var., 1891 to 1905
Yearly,1913to'18
1918-1919
Var., 18!)0tol908
1893 to 1911
1890 to 1907
July 1, 1911
1907
1913
1915
Jan. 1, 1901
June 1, 1896
July 1, 1905 A '08
July 1, 1902
Oct. 1,
1894
Jan.
1,
A
19O2A1903
1903-6-7
1903 and 1901
do
July. 1907
do
..
July, 1907 A 1908
1897 A 1901
Various New York, Nat. Park Bank.
1890 to 1919
do
do
Various
do
do
Various
1913, 1914, 1919
do
Various
do
1913. 1914, 1919
1891 to 1918
Various
do
do
do
do
1902 to 1919
Various
do
1892 to 1919
Various
do
1890 t) 1918
do
do
Various
Jan. 1, 1906
J. A J N. Y.,Trad's Nat.BkAMoblle
J. A J. New York and Nashville. Var., 1889 to 1905
1905
A. A O
Oct. 1. 1906
J. A J. N. Y., Chemical Nat. Bank
do
1907 to 1915
M. A N
do
New York A Nash.
1907 A 1918
J. A J.
Various Newark, City Treasury. Mar., 1891 A 1896
do
1891 to 1892
do
J. A _. Newark, Nat. State Bank.
July 1, 1895
do
do
Various
Aug., 1908 A 1910
do
do
1893 to 1909
M. A S.
1892 to 1916
do
do
Various
do
do
1890 to 1895
F. A A.
do
do
1896'97-'98
J. A J.
do
do
F. A A
Aug. 14, 1895
M. A 8.
do
do
Mar. A July. 1906
Newark.
A. A O.
Apr. 10, 1908
1891 to 1910
A. A O.
City Treasury.
do
A. A O.
Oot., 1889 to 1909
do
Got. 1, '94 to 1904
A. A O.
do
A. A O.
Var., 1889 to 1909
7
6
do
Various
4
7
Louisville.
City Treasury.
N. Boston, Bank of Redenip'n.
3<4 to 6 Seml-an
3 Hi, 3^,4
4
A. AO.
3>to6
do
do
do
do
City Treasury.
4
Various
3>sto6ii Various
A-
do
do
J. Louisville Sink. Fund Office.
D. N. Y., Nat. Bk. of Bepublio
Various
do
do
Various Louisville and New York.
A. A O Louisville Slnk.Fund.OlHce
Various N. Y., Nat. Bk. of Republic
7
3Vj
do
Various
N. Y. City A L. I. City.
Various
do
do
Various N. Y., Nat. Bk. of Republic.
Various Louisville Sink. FundOllice.
J. A J. N. Y., Nat. Bk. of Republic
6
Prinolpal
Who
lioni.
A A New York, Ninth Nat. Bank Aug. 15, 1895
do
A J.
do
July '90 A Jan. '97
A J.
Lawrence or Boston,
July, 1904
.
A7
A6
6
500
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1.000
Where Payable and by
Payable
7
4
6
4
6
1,300,000
Various.
When
[
8
$142,500
248,000
300,000
354,000
145,000
lOOOAc.
500 Ac.
-
Library ($40,000 are 4)
Water Works ($620,000 are
Kate.
M.
8.
6
FMAS
6
5
J.
A
J
do
do
do
N. Y., Ninth Nat. Bank.
N. Bruns'k Nat. Bank, N. J
do
do
do
do
do
do
do
do
do
do
do
do
1892-1904
Nov., 1889-1900
Jan. 1, 1890-92
1, 1901-1903
1902-1903
1905-1906
May, 1897.
Sept.
Memphis Tenu.-Total funded debt Aug. 31, 1889. $3,240,400,
The Legislature passed a bill, Jan., 1879, repealing the city's charter
and the Taxing District of Shelby County " was organized. March 23,
1883, an aot was passed authorizing a settlement of the debt, and payments have since been promptly made. In 1889 valuation of real and
personal property (33ij of aotuall, $29,313,275: cltv tax rate, $23 50.
'
:
Real Estate.
Tax Rate.
Personal Prop.
1886
$61,894,739
$1,985,200
$29 40
4.983.650
63,981.430
1887
29 80
64.069.305
1888
4,971,420
67,165,900
5,227.660
1889
Value of railroad property, not Included above, $25,000,000, whloh is
sunlect to a tax rate of 1 per cent for city purposes. (V. 46, p. 815;
V. 48, p. 4i0, 547.)
Kansas 4'lty, .Ho. -Total funded debt Jan. 1, 1389, $1,045,121,
deducting sinking fund assets, net debt, $895,121. In 1885 assessed
valuation was 931,678,520. In 1886 real estate valuation was $36.In 1889 real estate valuation.
833,5fO; personal, Ac., $9,553,240.
1(40.880,320; personal, including banks, insurance companies and
merchants' tax, $20,155,460; tax rate per $1,000. $20 50, of which
$1 1 00 was city tax proper and $9 50 school and State tax. Assessed
valuation in 18<<, 40 per reut of real.
Lawrence, mass. Total debt, January 1. 1839, $2,169,000.
Sinking funds. $528,733. Tax valuation In 1885, $27,144,050: tax rate,
16-60; In 1386, $27,165,590; tax rate, 16-40; in 1887, $28,427,123; tax
rate, 17 8 0; in 1838. $28,971,979; tax rate, 1600. Assessed valuation
toward 90 per cent of real value. Population in 1881 45,000; 39,151
In 1830; 28.921 in 1870.
Louisville. The funded debt, Jan. 1, 1889, exclusive of loans payable by railroads, was $8,189,000 ($885,000 for water works), against
$9,352,000 Jan. 1, 1887. The sinking funds on Jan, 1, 1839. amounted
to $3,206,459. Population by Census of 1870 was 100,753, against
123,758 In 1880. The following figures give the assessed pro|>erty
valuation
18.32. $70,029,724, of whloh $52,269,681 was realty; In
1884, $63,927,077, tax rate, $21 00; In 1886, valuation. $84,405,515,
tax rate, $23-00; ln'88,VMl'n real esr.. lmpr'ts, etc. (lncl. RR's>,$85,Ooo.OOO; pers'i prop., etc., $7.2<>:,487; tax rare, (levvof '3H) $20-20.
J
In-M.r, N. H.- Valuation In 1885, $21,137,464; tax rate
$17 50 per $1,000. Valuation in 1387, $21.90)470: tax rate. $17,
%j/o net proceeds from the waterworks more than meets the annual
Intel est charge Population, 32,630 in 1880 23,536 in 1870.
rears.
:
;
Population In '70, 40,226; in "80, 33,592; In '69, 78,000.
Milwaukee, Wis. The city oanuot Issue debt beyond 5 perot. of Its
average assessed valuation of real and personal property for five years. In
1385 real estate, $61,445,921 and pesonal, $17,115,415; In 1386, $82,641,743; In 1887, real estate, $69. 962,865; personal, 19,009,315; and
tax rate, $1750 per $1,013. In 1833 total aisessol valuation, $96,548,438. Total bonds Jan. 1, 18.39, $2,913,00;), of wliioh $1,943,0 00
ror water; sinking fund, Ao., June 1833, $346,019. Sinking funds are
provided, and all old issues except the general bonds due 1396 may be
oalledlnand paid by sinking fund at the rate of 5 per oent annually;
holders were misled as this was not stated lu the bonds. Population,
71,440 In 1870; In 1887 (estimated), 180,000. (V. 48, p. 827.)
Minneapolis, .niun. -Total funded debt Marchl. '89. $6,121,500;
In 1889, valuation, $127,069,756; valuation
sinking fund. $425,823.
(about 63 2-3 per cent) in 1838: real estate $106,007,275, and porsonal
$21,062,480 total, $127,069,756; In 1836 total valuation, $107.^73,159; tat rate $20 60 to $22 50; in 1385 total, $77,463,267; in 1880,
$28,013,315: tax rate, $1610. Population, 46,387 in 1830; 170,000
(estimated) in 1883.
Mobile.
Valuation 01' real and personal property in 1883,
$15,350,738; in 18st, $13,578,317, In 1385. $13,763,812; In 1887,
r
$13,390,311; in 1838, real estate, $3,600,630; personal. *l,5. >4,202;
and city tax rate, $13 50 per $1,000. Population 35,000 ia 1885;
31,297 in 1880; 32,034 In 1870. (V. 48, p. 99.)
Nashville, Tenn. Total bonded Indebtedness Ootober
l,
1838,
was
$2,318,31)0: assessed valuation, 1888. real estae. $20,236,70); person
ally, $3,391,750; tax rate per $1,000, west side river, K15: oast side
$14. 1881 valuat'n $15,249,575. Pop., 43,350 In 1880; 23,865 In 1870
November.
CITY
1889.]
SECURITIES.
19
Subscriber* will confer a great favor by giving Immediate notice ol any error dlcovered in these Table*.
INTEREST.
DESCRIPTION.
Date of
Size or
Amount
Principal When
Bonds.
When
Where payable and by
due.
par
outstanding.
For explanations see notes on first page of tables
New Bruntwiek,
If.
J.
(
Rate.
Value.
Whom.
payable
Cont'd).
Commissioners of streetsand sewers
do
do
1871
$1,000
Bonds (10-20 b'ds) reduced to 4 p. o. in 1 887.
1877
1,000
3 883
Sewerage bds. (pay'le $15,000 y'rly from '95).
1,000
Boul'vnrd sewer b'ds (pay. $25,000 from 1902)
1887
1,000
New Orleans Consolidated debt
1852 to '69 1,000
Consolidated debt, extended
1852 to '69 1,000
1884
Judgment bonds, red. at 100 on notice
1,000
Certificates to fund coupons, red. at 100
5 Ac.
1883
Railroad debt (all extended except $69,000).. 1854-75
1,000
1869
Funding loan of 1869 ($27,150 ext. to 1922).
50, Ac.
1870
Funding loan of 1870 ($23,300 ext. to 1922).
50, Ac.
Park bonds (mort. on parks)
1871 A '84 1,000
Jefferson City (debt assumed) extend'd
1857
20
Premium bonds (in exchange for other bonds)
1875
Water Works ($72,400 extended to Jan. 1923)
1869
Other old bonds (mostly ex. to 1922 & 1 933) 1857 to '73
New funding bonds ($20,000,000)
1888
1870 A '74
Newport, Ky. Bonds $15,000 only, due 1894
Bonds ($700,000 for water w'kvs, 1901 to 1903) 1871 to '74
Renewal 20-yr bonds, $20,000 are 5-208
1880'83'34
Bridge bonds
1886
Sew York Armory bonds
1884 A '89
500
Assessment bonds
1884 to '89
500
Assessment fund stock
500
1868 to '83
Additional new Croton Aqueduct stock
1872 to '77
500
Croton water stock
1847 to '52
100
Additional Croton water stock...
1871 to '89
500
Additional waterstock, red'm'ble after 1913 1883 to '84
500
Additional Water stock
500
1885-9
Croton water main stock
1871 to '81
500
Croton Reservoir bonds
1866
100
Central Park fund stock
1856 to '58
100
do
do
1865 to '71
100
1869 to '78
500
City improvement stock
do
do (cons., $687,803 red. aft.'96) 1876 to '80
500
e. A r.
1874
City impr. stock (cons, st'k)
500
1871to'80
500
City parks improvement fund stock
Consolidated stock, county
o. A r. 1871 A '72
500
do
o. Ar. 1871 A '72
500
city
do
dock bonds
o. A r.
1871
500
do
1872
500
city pks. impr. fd. st'k, do..
do
red. aft. 1908
c. Ar.
1878
500
do
c. Ar.
1874-'75
500
city
do
1872 to '74
500
city
do
county (A AB)..
1874
500
do
(B AC)
1874
500
city
do
1876-'77
500
city (DE AF>...
do
1877 to '84
500
(G K L, A M)
city
do
1880
500
eity
do
consol. st'k (Riker's Isl'd)..
1884
500
do
500
1886 to '89
(Harlem River Bridge)
Dock bonds
1870 to '89
500
Consol. stock (Metropolitan Museum of Art)
1884-'88
500
Fire Department stock
1869-'70
100
Ganse voort Market cons, stock, rev. bonds. 1887 A '88
500
Market stock
1867 to '69
100
Museums of Art and Natural History stock. 1873 to '81
500
N. Y. City bds.for const.of bridge ov.HarlemB 1879 to '84
600
H. Y Bridge bonds
1869 to '75
100
do do Consol. stock, redeem, after '96
1876
500
do do $500,000 af. '96,$l,421,9O0 af 1900. 1876 to '80
500
do do $750,000 af 1903, $416,666 af. 1905. 1880 to '83
500
Ninth District Courthouse bonds
1871
500
Normal school fund stock
1871 A '72
500
N.Y. Co. Courthouse st'k, Nob. 1, 4 A 5
1862 to '82
100
N. Y. and Westchester Co. improvement bonds
1871
500
Public school building fund stock
1871 to '74
500
School House bonds
1884-'89
500
1864
100
Soldiers' bounty fund bonds
No. 3
do
do
1865
100
1865
100
Soldiers' bounty fund red. bonds, No. 2
c. Ar.
Tax relief bonds, No. 2
1870
500
Third District Court-house bonds
1874 to '77
500
stock of 1870
1872
500
Water
500
Debt of annexed territory of Westchester Co
500
Cons, stock ($70,000 due Nov. 1, 1913)
1887" & '89
1839
500
Cons, stock (new parks) red. 1909)
Bonds ($413 400 due 1914). ..cr 1870-'84 100 Ac.
Norfolk, Fa.
CAT 1881--86 100 Ac.
Bonds of 1881
o 1872 -'73 100 Ac,
Trust and paving ($189,;00 due 1893)
1887
Bonds
500
1871
500
1st M. water works ($500,000due May.l 901)c
397.000
567,750
375,750
249,000
41,500
7,009,820
82,400
245,077
75,000
800,000
129,000
38,000
1,572,000
3,793,000
1,393,650
1,331.300
321,400
6,609,000
445.000
21,000,000
5,196,000
20,000
674,300
1,766,600
4,186,315
701,419
820,000
4,799,000
8,885,500
4,252,500
1,000,000
862,000
6,900,000
1,564,000
2,455,000
1,680,200
6,324,700
1,858,349
904,000
2,800,000
180,000
2,810,000
14,103,000
297,000
521,953
503,715
296.000
958,000
499,500
1,500,000
500.00C
1,921,900
1,166,666
300,000
200,000
953,000
30,000
636,000
2,730,000
500,000
745,800
376,600
3,000,000
398,000
475,000
658,500
262,000
9,057,000
857,59 ^
695,000
290,800
37,500
640,000
.
.
(>
.
,
.
.
M.
M.
A.
J.
F.
J.
3>4
6
6
6
6
A N. New
AN
A O.
A J
A A.
A D.
Various
Various
A D.
6
5
6
6
3,430,000
1,188,604
1,875,750
. .
.
7
6
7
4
$484,100
375,500
499,000
150.000
150,000
175,000
873.000
New Haven, Conn. Sewerage
Bruns'kNat.
do
Bk N.I
do
City Treasurer,
do
do
do
New Orleans,
do
do
do
do
do
do
do
do
do
do
do
J.
J.
A J.
Various
A7 M. A S.
A7 J. A D.
A7 Various
J. A J.
6
5
5 A6 J.
6 to 10 Various
5 or less J. A J.
8
Various
AJ
AN.
A J
A J.
2^A 3 M. A N.
M. A N.
3, 3ia
4,5,6 A 7 M. A N.
5, 6 A 7 M. A N.
5 A6
Q.-F.
2ito6,7 M. A N
A. A O
3, 319
1
2 3,3,3 a A. A O
4,5, 6A7 M. A N
73
M.
5
J
4
J.
Feb. 1. 1890
1891, '99 A 1904
Oct. 1, 1933
Oot.l, 1904, '5A
1
6
5
1894-1898
1898-1906
1, '91A1901
July 2, 1897
1895 to 1904
Dec, 190 2 to 1908
Jan. 1, 1892
1922 A 1923
June 1, 1934
Jan. 1,1893
1894 to 1923
1894 A 1922
1895 A 1922
Feb. 1904 A 1923
1922 A 1923
When drawn.
1899 A 1923
1892 to 1923
1918
1894 A 1900
1894 A 190 1 to '03
1903 to 1906
July 1,1911
Aug. 15,'94,04,'07
Nov. 1,1890 to '94
1903 A 1910
Aug. 1, 1900
Oct.
A6
-F.
June 1, 1895
Nov. 1, 1892
1900 A 1926
Nov. 1, 1896
1901-1904
July 1, 1901
July 1, 1901
July 1, 1901
Jan. 1, 1902
Nov. 1, 1896
Nov. 1, 1928
Nov. 1, 1894
Deo. 1, 1896
Deo. 1, 1896
May 1,1916, A 26
-F.
6
5,6 A 7 m: A N.
5 A6 M. A N.
M, A N.
5, 6 AJ7 M. A N
J. A J.
6g.
5*
6g.
6
5*
6g.
A7
7
7
5
4
A6
A5
4
3
2^A3
23to7
2>aA 3
6
3
6 A7
4,5 A 6
3,4 A 5
6
6
5
4
A5
7
6
4,5,6A7
6
6
3
6
7
7
7
A6
A7
7
2*3 A3
5
6
2ia
6
5
8
5
5
A8
7
Nov. 1, 1900-1906
Aug. 1, 1907
July 1, 1898
F.
A J.
A J.
A J.
M. A N.
M. A N.
M. A N.
J. A D.
J. A D.
M. A N
M. A N
M. A N
M. A N.
M. AN.
M. A N.
M. A N
M. A N.
M. A N.
M. A N.
M. A N
M. A N.
M. AN,
M. A N.
Q.-F.
M. A N.
M. AN.
M. A N.
M. A N.
M. AN.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N.
M. A N
Various
M. A N
M. A N.
J.
J.
J.
Nov. 1,'93, '97 '99
Nov. 1, 1910
Aug., 1894
Nov. 1, 1906-1908
Nov. 1, 1901-1919
Nov. 1,1905-1913
Nov. 1,1899
Nov. 1,1907 A '09
May 1, 1894 A '97
May 1, 1903
Nov.
Nov.
1891
1905
1926
May 1,
May 1, 1926
May 1, 1928
Nov. 1, 1890
Nov 1,1891
Nov. 1, 1890-'98
Dec. 1, 1891
Nov. 1, 1891
1894,1897 A 1908
Nov., 1890
Nov. 1, 1895^97
1,
1,
Nov. 1,1891
Nov. 1, 1890
Nov, 1, 1890
Nev. 1, 1902
1890 to 2147
Nov. 1, 1907 A *13
Nov.l, 1909-1929
Various Bait., Brown A Lo'sANor. July, '94 to 1914
A. AO.
do
1911 to 1916
do
A. AO.
do
do
Apr., '92, July ,'93
M. AS.
Norfolk.
Sept. 1, 1917
M. AN. New York and Norfolk. 1901,1914 A 1915
liability of the city. Real and personal property have been assessed at about two-thirds of true value as follows : 1884, real estate,
$72,456,775; personal, $18,524,775; tax rate per $1,000, $20 30 ; 1885,
real estate, $74,189,110; personal, $18,730,160; tax rate, $19 30. In
1887 total valuation was $95,090,553, and tax rato, $20-20. Population in 1870, 105,059, against 136,508 in 1880, and 155,000 in 1885.
int. for an amount not exceeding $20,000,000, to retire by purchase or
exohange the outstanding bonds and certificates. Valuation of property,
real and personal, in '80, $91,117,918; tax rate per $1,000, $18-20
in '85, $123,929,268; tax rate $25-40; in '86, $127,705,853, tax rate
$20-20; in 1888, $119,361,801, tax rate $2020 (oity expenses tax
$10; premium bond tax, $5 redemption interest, Ac, $5; park bond
tax, $0-20; in 1889, $129,286,507); tax rate same as in 1888. A scheme
for settling the debt by a bond premium drawing plan Is in practioe,
and drawings take place Jan. 31, April 15, July 31 and Oct. 15 Population in '80, 216,090. (V. 47, P. 50, 170, 472; V. 48, p. 189; V. 49, p. 269,
(V. 49, p, 114.)
539.)
Newark. Tota' funded debt, excluding water debt, Deo. 31. 1888
was $7,618,000; the temporary debt was $1,514,012; and the sinking
fund amounted to $2,638,945 ($237,222 cash, rest loans and bonds at
par, mostly those of the city Itself). The Aqueduct bonds are not
a direct
New
Bedford, Mass. Debt Jan.
$1,335,792. Pop., 35,000
In '86. Assessed valuations in '87 were real estate, $17,372,600 per.
onal property, $15,309,694; tax rate, $17-40. In 1889 were real estate
$18,9-8,800, and personalty, $15,718,866; tax rate, $17-10 per $1,000'
1, '89,
;
New
Bruntwiek, N. J. The fiscal year ends March 31. In 1888
the assessed valuation (of about ht true value) of real estate taxable was
$4,444,065; personal, $2,060,060; tax rate, $38-50 per $1,000. Bonds
held by sinking fund March 4, 1889, amounted to $130,000. The oity
finances are now under able and conservative management, and the actual net debt is decreasing. On April 1 the statement was as follows for
five years: In 1885, netdebt less cash and sinking funds, $1,561,100;
In 1886, $1,526,134; in 1887, $1,508,882; in 1888, $1,473,315; in
1889, $1,156,827.
Haven, Conn. Bond funds, $156,159. Population In 1870.
50,840; in 1880,62,882; in 1888 (estimated), $95,000. Assessed valuation (about 80 per cent of value) tax rate per $1,000, Ac, have been
Years. Real Estate.
Personalty. Rate of Tax. Tot. D'bt. 8kg.Fds.Ae.
1886.... $13,500,000
$17,500,000
$1100
$799,000 $134,784
1100
1887.... 40,000,000
21,000,000
974,000
156,159
11 50
1888.... 42,000,000
22,000,000
974,000
Total bonded debt June 30, 1889 (as above) wa"
Orleans.
$16,395,881; Boating debt, Judgments, Ac, $613,348; total, $17,009,210, not Including the Gaines judgment. In June, 1832, new 6
per cent 40 year bonds were issued for all old bonds other than premiums; the extended bonds running till 1923, but redeemable after 1895.
In 1888 the city was authorized to issue bonds bearinn 5 per cent or less
New
:
New
;
Newport, Ky. Total funded debt Jan. 31, 1888, was $1,071,000, of
which $800,000 was water debt sinking fund assets Deo. 31, 1887,
$30,749. Assessed valuation (about two-thirds true value) in 1887
personal property $605,716, r<al estate $7,023,840; tax rate 1882 to
1887, inclusive, $20 00 per $1,003; population 1880, 20,433 ; in 1887,
estimated 30,000.
;
New York City. The following statement shows the details of
funded debt and the amount in the city sinking fund at the dates named:
Description.
Total funded debt
Sinking fund
Net funded debt
Revenue bonds
Jan.
1888.
$125,982,736
41,205,470
$128,263,719
39,522,484
Jan. 1, 1889.
$132,445,095
44,434,690
$84,777,266
5,618,368
$88,746,235
4,554,346
$88,010,405
3,302,730
Jan. 1, 1887.
1,
Total netdebt
$93,300,581
$90,395,634
$91,313,135
The population of New York, by the U. 8. Census, in 1870 was 942,292,
and ,206,299 In '80. Jan. 1, '65, and since Jan., '72, the valuation, rata
of taxation, and net funded debt at end of year have been as follows
Tax p. $1,000
Real
Personal
Net Debt,
Estate.
State. City.
Years.
Estate.
Deo. 31*
1879
$318,134,330 $175,934,955 $3 43 22 37 $109,425,414
3 12 22 13
1880
106,066,240
942,571,690
201,194,037
22 50
1882
1,035,203,816
198,272,582
109,388,483
1
:
<
Less sinking fund.
'
*
LNVESTOKS'
SUPPLEMENT.
[Vol.
XL1X.
Snbirrlbrra will confer a treat favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Dale of
Bonds.
For explanation b see notes on first page of tables
Norfolk, Va.
Size or
outstanding.
Value.
Kco.
Bonds ($66,100 are 7s, due Nov., 1900)
New bds, $25,000 due yearly, 1890 to '07 lnol.
Funding and Sewer bonds
Sewer bonds
Paterson, K. J. School bonds
Funded debt bonds, $5,000
1889
$500
1880-'83
1888
1883-*87
$70,000
886
1,000
1859-70-73
clue yearly
Renewal bonds. se:Ies B, 0, D, E, F, O,
Park bonds, payuble yearly after 1S07
Penria, lilt. Bounty loan
II.
26.l
1,000
1
Sewerb'ds ($211,000 are J. A D. A $90,500 5s).
Sewer appr. bds., $11,000 due y'rly fr. 1900.
War bounty bonds (about $20,500 due yearly)
1871
1869-*82
1887
1864-'65
1877-'88
1888
Water loan
Philadelphia
Consolidated city loan
for railroad stock subsidy subsciipt'ne
1855
for water works
1865 to '71
for bridges
1860 to "75
do for park and Centennial
1868 to '70
do for war and bounty purposes
1862 to 65
do municipal, school, sewer, Ac
I860 to '70
Ouarant'd debt, gas loans,$980,200 due '99
1868 to '74
Bonds
do
do
500
500
500
500
500
500
New fund'g ("H"-"Y")$400.000,dueyly.af.'8P
1879
cAr 1868 to '74
Pittsburg Water exten. loan
r
Water loan
1878
Funded debt and other municipal bonds
1845 to '72
railroad bonds
oAr
1863
Compromise
Funded debt inip.bds(77,O00onlyduel912)cAr 1882-'83
cAr
1885
Improv. bonds (Act of May 9, '79)
1872
Tortland, Me. Loan to Port. A Rochester RR.
do Portland A Ogdensburg
Municipal proper and notes
Funding loan
on or after July, 1902)
War loan bonds
cAr
(red.
Providence, R. 1.
Water loan bonds, gd. (1820,000 are 6s, cp.)..
do
do
do
do
gold coupon
City Hall A sewer loan b'ds, sterling
cAr
cAr
cAr
oAr
1872
1867-79
1887
1863
1872-74
1876
1836
1875
1879
1879
1872
50*0.
50
50
50
50
50
50
50
25
100
25
Aft
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
500
100
100 Ac
100 Ac
500 Ac.
1,000
500 Ac.
1,000
lOOOAc.
lOOOAc.
lOOO&c.
1,000
100
do
lOOOAc.
loanofl879
Public imp. loan ($450,000 due 1899)
r
Large.
Prov. A Springfield RR. bonds, guaranteed..
1,000
1887-88 Various
...
Special Highway loan
r 1866 to '77 100 Ac,
Quincy, III Bonds
A Mo. RR
500
1870
1882
r 1886 A '88 100 Ac,
cAi
Bonds
,
Bonds ($184,000, due 1908 Int. July 1)
Bichmond, Ta. Bonds
Bonds, reg. and coup. ($213,500 are coup.).
fives,
.
10-34 years
r
Bonds ($276,O0Odue 1920..$152,700due'21)r
Bond
..r
1889
1872
Boehetler, iV.F. To Genesee Valley Railroad ..
1,000
To Rooh. A State L. and R. N. A P. Railroads. 1872 to '74 lOOOAc.
For city improvements ($335,000 due 1902) 1872 to '75 Various
Water works loan, coupon and registered
1873 to '76 lOOOAc.
1875
Funding loan
1,000
5.000
5,000
5,000
1,000
1,000
1.000
1,000
do
Various
18*7
do $A ($1,559,00;) due Apl. 10,'08)
1888
1,000
do gold (34 A $)
1889
1,000
General purposes ($55,000 Caron. indebt)
1875
1,000
Tower Grove Park bonds (gold)
1868
1,000
Sewer oonds ($200,000, Jan., '93)
1869 to '75 1,000
Newwat.w'ks,g.($450,000, June,'90c'y treas) 1870 A '72 1,000
1874
Refunding water pipe, special tax, gold, $ A
1,000
...
1874
1,000
Floating debt
Real est., g. ($25,000 5s'90,$245,000 6s 1906) 1866-75
1,000
500
1872
Bridge approach bonds (gold)
Bonds for St. L. Gas Light Co., J udgm't. * or $
1885
1,000
St. Louis Co. bds. assumed, genl. purposes, g.
1.000
1872
do
Park bonds, coup., gold
do
1875
1,000
1881
50 Ac.
81. Joseph, Mo.
Funding bonds
Fan ding bonds
1883
1,000
St. Paul, Minn.
Bonds, $;5,0P0 due Feb., '90. 1860 to '79 Various
Bonds ($60.<i00 due Oct., 1895)
l.ooo
.
Real
Years.
Personal
Estate.
Estate.
Tax p $1,000
State
A City.
4X4,000
3,182,000
410,000
100,000
150,000
200,000
2,526.000
1.840,000
1,024,000
913.O00
2,840.100
3,544,000
276,000
555,000
340,000
336,000
1,700,000
800.000
900,000
465,000
461,000
950,000
600,000
1,900,000
763,800
902,000
263,125
Net Debt.
Dec. 31."
$93,031,951
90,395,631
93,300,581
91,313,135
$1,168,443,137
1,203,911,065
1,254,491.849
;
m
11:1.000
AD.
Various
."villi an
Various
F. A A.
J. A D.
J. A D.
Various
A D.
J. A D.
Various
A. A O
M. A N.
6
A7
Norfolk.
May, 1919
1900tolP03
July. 1890 to *97
1902-1907
Aug.. 1906
4
do
do
do
do
do
do
N.
Y
do
do
do
do
do
do
Mercantile Nat. Bk. Mar.
1.
1902A03
July 1.1908
l-9"-1908
Various N. Y., Mercantile Nat. Bk. Aug. 1,1890-1901
A J Philadelphia, by Treasurer.
A J
do
do
A J.
do
do
do
J. A J
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
A J.
do
do
do
A. A O. Phila., Townsend, W. A Co.
do
J. A J.
do
Various Pittsburg and New York.
J. A J New York, B'k of America
1890 to 1904
1890
1896-1903
1890
J.
Pittsb'rg
and Philadelphia.
J.
J.
do
do
J.
Various
J.
A6g.
f *
6g.
A
ls89 1904
1889 to 1900
1889 to 1902
1K00 10 1905
1889 to 1900
1901-1916
1908 to 1912
City Hall, by Treasurer.
J.
A D
A A.
|w, Various
6g. F. A A
3-65
5
Due.
I
1891 to 1905
1899, 1900.'2,A'5
Dec.1889 to 1904
1893 to '98
1908
1893 to 1912
1913
1912-1913
Dec. 1, 1915
July 1, 1897
Sept. 1, 1907
1890 to 1897
July 1, 1912
Jan. 1, 1893
July, 1900
July 1, 1906
Sept, 1, 1916
July 1, 1895
June. 1, 1899
July 1. '99 A 1900
July 1, 1892
Oct. 20, '89, '90
July 1,1890 to '99
Jan. AJuU-,1900
Sept. 1, 1902
July
1,
1906 A'08
July. 1889-1914
104-1909
July, 1914 to '22
1920, "21 A '22
Jan. 1,1923
Jan. 1,'90 to 1903
Feb. 1, 1893
Jan. 1896 to 1902
Jan. 1, 1903
Jan. 1, 1905
Aug. 1,1912
1890
1928, redeem. "98
Various N.Y.,Bk. Com ABk. Repub. July.'89'91'n3'94
Various N. Y., Nat. Bk. of Com. ALon. 1 895, 96, '98. '99
do
J. A J.
do
Jan. A June, 1900
Various
do
do
1902-'03-'05
6
5
4
6
When
Prlnoipal
Kountze Bros.
do
do
do
do
do
do
AD.
Pittsburg, Treasurer.
A J. Bos., Maverick N.Bk.orPtld
M. A S
do
do
m'nthly Boston, Mav., Bk. A Port.
J. A J.
do
do
J. A J
Provldenoe.
J. A J Boston, Prov. and London
J. A J. N. Y., N. City Bank. A Prov
M. A S.
New York or London.
J. A J London, Morton, Rose A Co
J. A D.
Providence.
J. A J.
do
J. A J Providence, Am. NatBank.
Providence.
Various
New York.
J. A J.
J. A J. N. Y., Bank of Commerce.
New York.
M. A S.
New York.
4s J. A J.
6
J. A J Richmond, Auditor's Office
do
do
8
J. A J
do
do
5
J. A J.
do
4
J. A J
do
4
do
do
J. A J
N. Y.. Union Trust Co.
A J
7
J.
F. A A. New York and Rochester.
7
do
do
Various
7
N. Y., Union Trust Co.
J. A J.
7
do
J. A J.
7
do
4
F. A A.
do
3
J. A J.
do
3
J. A J.
334.000
1,943.494
1,179,700
2,015,050
478,725
43,700
124,000
750.000
$202,673,866
$14 00
22 60
217,027.221
2160
253,148,814
22 .0
1,302,818879
250,623,552
19 50
1,33 i.b'. 8,291
272,260,822
The Legislature passed a law in 1885 that the indebtedness should
not exceed 10 per cent of the assessed value of real estate, and this 10
1 er oent was construed by the Court of Appeals not to Include the bonds
in the sinking fund as a part of the debt. See tax levy for 1889 V. 49,
p.22. (V. 47, p. 21,532; V. 48, p. 452, 481; V. 49, p. 22, 115.)
Norfolk, Va.-Total funded debt June 30, 1889, was $2,590,898.
of which $640,000 was for water; sinking fund assets, $112,000, and
appropriation for 1888-89, $9,264. The assessed valuations and tax
rate per $1,000 were:
Real Estate.
Years.
Personalty. Tax Rate.
1887
12,094,205
l,64z.8'20
1888
13,315,445
1,895,360
22 00
1889
12,669,425
2,078,160
Population by U. S. Census In 1870, 19,229 in 1880, 21,966.
Tax rate in 1889 includes State tax, $1; c<ty tax, $18.
Omaha. Total funded debt May 1, 1889. $1,561,100. Assessed
valuation in 18 38 Personal property, $4,083,8 18; real estate, $16,642,831; total, $20,726,679; tax rate per $1,000, $68 00. Assessed valuation Is remarkably low (treasurer Bays one-eighth of true value), henee
State taxes are levied on came valuation,
tax rate appears high.
which explains the undervaluation.
Paterson, N. J. Finances are apparently in a sound condition.
Floating debt March, 18^-9, $170,000; tunded debt. $1,313,100. The
ass esse d valuations, tax rate per $1,000, Ac, have beeu:
Real Estate.
Years.
Debt.
Personalty. Tax Rate.
1884-85
$19,205,501
$25 00
$3,816,500
$1,168,500
1886-87
20.467,176
25 00
1.167,000
3,913,863
1888
21, 1510,410
2o 00
4.217,573
1,343,100
1S80; 33,579 in 1870.
Population. 51,03)
Peoria, 111. Funded debt Dec 31, 1887, $635,000; deduot water
debt, $45o,00o; net debt, $185,000.
Population, 29,259 In 1880:
atl,849 In 1870; In 1886 (estimated), 45,000.
1885
1886
1887
1888
1889
7
6
l,18v,000
6
4,094,000
6
4,728,200
6
8,303.200
11,708,000
6
16,079,020
6
6
3,500.500
4
6,204.975
7
4,282,500
6
300,000
1,226,000 5,6 A 7
4 AS
2,179,223
5
1,480,000
4
3,734,700
6
416,000
6
1,200.000
6
739,500
4
727,000
5
300.000
4,000,000 5 A6g.
1,500,000
5g.
483,000
3>g
5 g.
1,397,250
4^
600,000
5
596,000
500.000
7
5
40,000
6
1,209.000
6
100.000
5
35,400
. .
Consol loan.
1882
Local improv. fund, loan (re ieem. at pleas.)
1885
Rochester Park bonds ($300 000)
1888
Bt.ljouu Renewal bonds ($100,000only are 7s.) 1868 to '79
Ben'w'l bds, $472,000, '95: $100,000. '98
1875 to '79
do *<feS ($548,000 10-208, Int. J. A D.)
1880
do $ & (10-208)
1882-83-85
J.
A
r
6
217,000
5
877,000
4 >s
100,000
7
49,000
60.000
7
373.500
5,6,7
4
65,500
7
251,500
418.000 4,41a A 6
4
125.000
42,000
4Hi
100,000
77,500 4, 4<4, 7
417,000 iH5,6g.7
6
422,800
P. AR. I. Railroad loan
School bonds
New
When
Bate.
(Continued.)
Sewer, Ac, bonds (exempt from oity tax)..o
Omaha,
Miss.
INTEREST.
Where Payable and by
Whom.
Pay'ble
Amount
par
rf
6g.
i S
*
-
6g.
do
do
N.Y.,Nat.Bk.of Com.
A Lon.
8
7
1919
N.Y., BankCommeroe,
May 1, 1895
N. Y., Nat. Bk. of Republic.
Aug. 1. 1898
Various N.Y.,Nat. Bk. of Commerce
1893-'4'5
Various N. Y.,B'k of Com A at. Louis. 18 Q 0*Aiirlll '92
M. A N. N.Y., Nat. B k of Com. ALon.
July 1, 1894
N.
MA N.
M. A
J.
J.
J.
A.
F.
F.
AD
A D,
A D.
A O.
AA
A A.
do
do
do
do
N. Y., Nat. B'k Commerce
N.Y., Nat. B'kof Com. ALon.
N.Y., B k of Com.ASt. Louis.
N. Y., Nat. B'k Commerce.
N. Y., Nat. Bk. Commerce.
do
do
Various N. Y. Chase National Bank.
do
do
6
Juoe 25, 1907
Apr., 1908 A 1918
July
1,
18i>0, '95
1894
1906
A
Dec. 10, 1892
June
June
1,
1,
1905
1892
April 1,1905
Feb. 1, 1901
Aue.
1.
1903
1890, '93, '97
1-90. '95, '97
Philadelphia. Sept. 1, 18B9, the funded debt was 56.222,695;
s'nkiug fund assets (City, State and Gov. bonds at, par, etc.). $26. 845,432;
in the following table the assessed value of real estate is near Its cash
value, and debt Includes outstanding warrants
Years.
Debt on Jan. 1. Real Estate.
Personaltv. T*x Rate.
$301,001,971
$10,307,644
$18 50
618 059.97
IS 50
10.6 V* 325
18 50
614,063.374
3,149.665
18 50
666,324,799
3,182.765
1390.
685,507,613
3,20 i,900
Assessed valuations of property for 1889 were: Full citv property,
$607,258,349 (tax rate, $18 50); suburban property. $43,493,710 (tax
rate, $12 33); farm property. $18,755,505 (tax rate, $9 25). Population, 1870, 674,022, against 847,170 in 1880.
Pittsburg;. Total debt Jan. 31, 1839, was $13,203,251; net,
$10,454,<66. The assessed valuation In 1884 was: Real property;
105,404,720; personal, only $1,838,258; tax rate, 1884. $16 per $1,000
f aluation of real estate in 1885, $108,530,608 personal. $1,000,000;
tax rate, $13. Valuation of real estate in 1887-8, $132,260,000; personal,
$2,464,000; tax rate, $18. Valuation Jan., 1889, real, $19*,782,363;
personal, $1,518,332; tax rate in 1889, $14. Population, 156,389 In
1880; 86,076 In 1870, and on July 1, 1887 (estimated), 205,000.
Portland, Hie. Total debt April 1. 1889. $3,082,000; sinking fund,
$23o,571 anil $2,200,300 ef P. A Og. RR. stock, valued at, $779,175; net
debt, $2,038,353. Population in 1880, 33,810; 1887 (estini'd), 40,000.
The assessed valuations, tax rate. Ac, have been:
Real
Personal Rate of Tax Tot, Debt Sinking
Mar 31. Funds, Ac*
Estate.
Years.
Property, per $1,000.
1886-87.. $21,571,000 $11,862,200 $21 00 $3,942, M>0 $167,627
2100
3.437.500
146,852
1887-88.. 21,8f.O,5O0
11,901,540
20 20
3 032.500 1,023,706
1888-89.. 22.120,000
11,952,405
* These do not include the
funds for railroad loans.
sluklng
Providence, R. I. Floating debt Sept. 30. 1888, $1,030,729. The
-inking fund for bonds due in 1893 is $377,647; 1895-99, $1,053,124:
1900-06-16, (water loam, $489,313. Sinking lunds are
1900, $12,345
invested in the city's bonds aud notes. Net expense for water works In
year 1887-8 was $8,003. Pop. 1870. 68,904; 1885,118.070. Thelawsof
Rhode Inland now limit the debts of towns to 3 p. c on assessed valuation
1886
1887
1888
1889
[$82,589,679
5 ',340.046
58.778,213
57,942,9j5
;
;
November,
STATE SECUKITIES.
1889.1
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Date of
For explanation see noteB on firs' page of tables
Indiana (Continued.)
Temporary interest loan, redeemable row
School fund refnnd'g bonds, red. Jane 18, '99
Kansas Bonds ($557,000 held instate funds.),
Kentucky Bonds, gold
Military bonds
Louisiana Relief of State Treasury and mlscel.
Bonds In aid of various railroads
Bonds to Boeuf A Crocodile Navigation Co.
do to Mississippi A Mexican Gulf Canal..
do school, held by 8t. Treasurer
do to N. Orleans, Mobile & Chatt. RR
do to N. Orleans, Mobile & Texas RR
N. O. Mob. A Texas RR. bonds, end. by State
. .
Consolidated funded bonds (stamped 4 per
ct.)
Constitutional bonds of 1880
do
"Baby" bonds and coupons, overdue
New bonds
Maine.
r
Railroads and cansjs
Maryland
r
r
o
r
r
r
Eastern Shore Railroad
Baltimore A Susquehanna Railroad
Baltimore A Susquehanna Railroad
Annapolis A Elkridge Railroad
Defense redemption loan
Treasury relief loan, 10-15 years
Exchange loan
c
of 1886.
r
do
do 1889 i$l,381,067) tax free, gold
Massachusetts Bounty Fund Loan, gold... o*Ar
do sterling.g
do
o*&r
c'Ar
Tr. &G.RR
do
home, $216,500 due Apr.,'91.c\fcr
do
do
8terl'g..e**r
do
do
sterl'g..c'&r
do
do
gold, d'rb'asc*&r
do
do
do
o*&r
gold,
do
do
do
c*4r
gold,
Southern Vermont Railroad Loan, gold..o*&r
Boston Hartford & Erie Railroad, sterl'g..c*&r
Harbor Land Improvement (5-20s), gold c*&r
Danvers Lun.Hos (*900,( 00 due '91),g'd.c*.fcr
Lunatic Hospital, Worcester, gold
c*r
State Prisons, sterling
Armory bonds, gold
State House Constiuction Loan
o*4r
r
New
Michigan
Minnesota
r
War Bounty Bonds
Adjustment bonds, (10-30,red.'92).c
Missouri University and Lunatic Asyl'in bds.c
o
Penitentiary indemnity
Bank stock refunding
Bonds to Platte County Railroad
Funding bonds
State
do
Hannibal
A
c
e
5-20 years.
St. Joseph Railroad, renewal
State school fund certificate of indent...,
Stite Seminary certificate of indebt
febraska Bonds (act Feb. 14,1877)
c
c
o*
New Hampshire War loan, coupon bonds
Municipal war loan
Loan
of
1879
for ref unding,$100,000 due y 'rly
Prison loan, $ 14,000 payable yearly
loan bonds, tax free
do
do
taxable
New Jersey War
New York
c
Canal debt,
<
Under
reg. stock.
(
f
stitution.
Art. 7, Sec 3, of Con-{
Niagara Park Loan bds. (held in trust funds)
.
31
SUPPLEMENT.
INVESTORS'
[Vol. XLIX.
--a
Subscribers will confer a great favor by glirlu^ lm.nedlate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
n.iti-
Of
of
For explanation of column headings, Ac, see notes
Road. Bonds
on first page of tables.
c
Alabama Ortal Southern-1st mortgage, gold
Oen.M sterl. 1,160,000, red. at 110 June l,'98,c
290
290
Debentures, gold
Certificates (Issued by English Co.), sinking fund.
Alabama Midland 1st M. ($16,000 p. in.). gold..o
Ala. S. 0. Texas # Par. June. 1st deb.,red. at 115.C
c"
2d debentures, red. at 100
Alabama d Yicktburg Vioksburg AMeridianlst M.
Oonsolidated 1st mort.,
g.,
($1,800,000)
2d mort.. Inc. for 5 years, non-oum., g., ($700,000)
Albany & ,8u*o. Stock, 7 p. o. lental D. A H. Canal.
Albany City loan (sinking fund, 1 per ot. yearlylo
J
Consul, in., (guar. I). 4 II. endorsed on bonds)o 4r
Allegheny Valley General mortgage (Riv. Div.)..o*
2d mort., East ext., to State Pa. (endorsed) ...*o
1st mort., East'n Exten., guar, by Pa. RR
Funding income bonds, with traffic guarantee, c
o
Athevilic d Spartanburg 1st mortgage, gold
o
2d mortgage, gold
.
175
143
143
143
209
142
142
132
110
110
259
71
71
254
34
Atchison Void Paeirte lstM.($l6,000 p.m.)guar.o
Alchieon Jewell Co. d Wat. 1st M.,guar.C.B.U. P.o
Atchison Topekad Santa Fe Stock
7,121
471
1st M., g., ($15,000 p.m.) Atch.to west bound. Kan.
.500 p.m.), not drawn
Landgr. M.,g.. ($7
5 p.o. bds.N.M.48.P. coll. (dr. at 101) s.f. $36,850. 372
B. F. 5% bda,iilaiu (red. at 101) s. f. $37,430 yearly
4>t%8. f. bds. (dr'n at 100) s.f. $78,000 yearly. cir 206
6% s. f. socur'd.bds. (dr'u at 105) s.f. $143,000 e.tr
Collateral trust bonds., gold (V. 44, p. 245).. ..o&r
Notes secured by 2d M. for $10,000,000, 4c
A.T.AS.F.in< hie lstM.iterm.) gu.g.$10,000,000.o
27
Wloh. 48.W. 1st M., g. ($15.000p. m). Int. guar...
66
K. C. Top. 4 W.lst ST., g. ($13,000p.m.). rental gu.
INTEREST OR DIVIDENDS.
Size, or
Amount
Rate per When Where Payable, and by
Value. Outstanding
Cent.
Whom.
Payable
Par
1878 $1,000
18S8
100
100
L886
1SSS Various
1888 $1,000
11111
1882
1K84
100
1881
1,000
188!) 100 4c.
1889 100 *=.
$100
1865
1,000
1876
1,000
1866
1,000
1870 100,000
1871
1,000
1874 100 Ac.
1883
1,000
1887
1,000
1879
1,000
1879
1,000
100
1869 500 4c.
1870 500 4c
1880
1,000
1880
1,000
1880
1,000
1881 1,0004c
1887 1,0004c
1888
5,000
1S87
1,00 3
1872
1,000
1.000
1875
(See Map Oinn. X. 0. d T. P.) From
Wauhatchle, Tenn.,to Meridian, Miss., 290 miles; leases, WauhatcUie
total operated, 295 miles. The Alabama 4
to Chattanooga, 5 miles
Chattanooga RR. made default Jan. X, 1871, and road was sold under fore-
Alabama Groat Southern.
closure Jan. 22, 1877. Present company organized Nov. 30, 1877, and is
controlled by an English company of the same title owning all the
stook of the American Co. The English company has
134,000 debentures exchangeable for genl. mort. bonds, and capital stook oommon
("B" shares), 1,566,000, and pref. 6 p. c. cumulative for six years
"
676,070 par 10. Dividend of 2 per cent was pal 1 on
(" A shares),
"A" shares Oct. 19, 18S9. Enough of the general mortgage bonds
are reserved to retire the firsts of 1908. The two companies own
Jointly $1,003,000 Cin. N. O. 4 Tex. Pao. Juno, stock. Car trust notes
outstanding June 30, 1889, $239,502. In 6 mos. ending June 30, 1889,
gross earnings were $375,063; net, $189,056; surplus over charges.
:
$108,190. Gross earnings in 1887, $1,575,993 net over expenses and
taxes. $174,361; gross in 1888, $1,549,293; net, $309,716. (V. 46, p.
608; V. 47, p. 255, 285, 531: V. 48, p. 763.)
;
$1,711,000
1,341,360
5 g
I
Og.
4
$2,8 ;o,ooo
7,128,000
2.232,000
1,000,000
2 s
-
I'-
(I)
3,500,000
1,000.000
10,000,000
4,000,000
2,200,000
10,000,000
9,727.000
500.000
500,000
4,070,000
542,000
75,000,000
7,041,000
2,211,500
922,000
3,406,000
4,532,000
14.277,000
15,009,000
8,000,0 JO
6,225,000
ll
3>s
6
6
47
7-30
5
g.
.
Oot. 1.
6g.
N.Y.,R.4Danv.,2 Wall April
do
do
July
8*
>
I s
1,
1.
1,
1,
N.Y.U.P.Of.4Un.Tr.Co.
May
N.Y.U.P.Of.4Un.Tr.Co.
May
N.Y.Boston 4 Chicago Nov. 15,
Boston, North Nat. Bk. July 1,
6
-
do
v-
do
Boston, Boston Nat.B'k
do
5
do
Boat. Safe Dep. 4 Tr. Co
N.Y.,B'kof Com.4 Bost.
NY., Kidder. P., 4 Bost,
4>
C
Boston, Of., 95 Mil*8t
N.Y.. Kidder, P.,4 Bost
iBoston, North Nat. Bk
Boston. Everett N. Bk.
5
7
7
412,000
854.000
1
Julv, '87, c >up. last p'd. 100,000 y'rly.
PhilPa.RR.CoALondn April 1, 1910
7
7
6
5
6
Dividend.
N.Y.,Fann.L.4Tr.4Bos Jan. 1, 1908
1927
London, Co mp'y's office.
do
do
Aug. 15, 190 J
do
do
By sink'gfund
N.Y.,Met.Tr.Co4 Mont. Nov. 1, 1928
I.H81 paid April, 1887.
April 1, 1907
I-ast paid Jan., 1887.
June 1, 1907
N. Y. Cent. Trust Co.
April 1, 1921
do
do
April 1, 1921
April 1, 1021
N.Y.,Del. 4Hud.Can.Co July 1, 1889
do
do
1895'97
do
do
April 1. 1903
N,Y.,Wlu8.Lanler, Phlla March 1, 1896
-
670,000
31,935
<>
Howis- Prluo;pal.When Due.
Aloe**- Last
!
Oct
1,
April 1,
Sept. 1.
Oct. 1.
Dec.
Feb.
1,
1,
Nov.
1.
1,
1,
Jan.
July
July
1.
1894
1925
1937
190R
1905
1388
1899
1900
1909
1920
1920
1911
1937
1891
1937
1902
190s
payable in "lawful money," buttheinterestlngold. From
Oct. 1, 1888, to Seat. 30, 1839, (12 mos.) gross earnings were $3,401,574, against $3,189,899 in 1887-8 net $1,457,900, against $1,469,063;
surplus over charge^ $362,110, against $438,645. Gross earnings in
1387-83, $3,389,900; net, $1,413,580; surplus over dividends, $437,647.
V. 47, p. 140, 776; V. 48, p. 222; V. 49, p.174, 617.)
(
Allegheny Valley. Owns from Pittsburg, to Oil City, Pa., 132
miles; branches Red Bank, Pa., to Driftwood, 110 miles
others, 17
m,; total operated, 259 in. Stosk, $2,166,500; par, $50. Of the income
No. Central and Phila. 4 Erie hold $6,087,000, the
bonds the Penn. RR.,
Interest on which was paid altogether In bond scrip. The ooupons of
guaranteed bonds held by the Pennsylvania Railroad for advances
amount to $6,381,665. The Penn. RR. owns $1,250,000 stock and
$5,510,000 funding bonds. In May, 1884, receivers were appointed,
Penn. and other railroads being plaintiffs. Suits are pending.
From January 1 to Sept. 30 In 1889(9 mos. gross earnings were $1,725,907, against $1,5 15.635 in 1838; net, $726,4 11, against $621,421.
In 1888 gross, $2,098,965; net, $900,927; Interest charge, $1,106,318
V. 48, p. 221, 686.)
(of which paid $391,703); deficit, $290,956.
the
6s. is also
;
;
>
(
Alabama Midland
'See Map.) Under construction, to be completed by Dec. 15, 1889, from Bainbridge, Ga., on the Savanah Fla. 4
Western, northwesterly, to a connection with the Louisv. 4 Nashv., at
Being extended 110 miles from
Montgomery, Ala., about 175 miles.
Montgomery to Tuscaloosa under name of Montgomery Tuscaloosa &
which company has filed a mortgage for $2,000,01)0.
Memphis RR.,
Also to be extend -id at au early date to a conueotion wit i the Kan. City
Mem. 4 Birm. or the Illinois Central. In 1888 purchased the No rth West
4 Fla., Montgomery, Ala., to Luverne. 51 miles, with whioh It will consolidate in Deoember, 18 ->9. The N. W. 4 Fla. ha} been rebuilt and will
be extended 35 miles to a valuable lumber region. On it will be issued
1st mort. 40 year 6 per oent gold bonds at $15,000 per mile of constructed road. Interest on the 1st mort. of 1833 is guar, till Nov. 1, 1892,
by the Construction Co. (the Ala. Term. 4 Improv. Co.,) and $600,000
to secure same has been deposited with the Metropolitan Trust Co.,
trustee of the mortgage for $2,300,000. Mortgage covers all equipment and valuable terminal right* at Montgomery. Parties interested
In the Savannah Florida 4 West, own $1,050,000 bonds, and road will
be operated In close conneotion with that system. Stock, common,
$2,625,000, and preferred, $l,600,000-par 100. N. Y. office, I. B. Newcomb 4 Co., 54 Wall St. (V.48, p. 368, 547, 687; V. 49, p. 116, 268, 470.)
Alabama IV. O. Texas & Pacific J unction Limited). -[See
Map Oinn. N.O. d T.P.J This Is an English Co. controlling the Vicksburg
A Meridian, 142 miles; Vicksburg Shreveport A Pacific, 189 miles; N. O.
4 North Eastern, 195 miles; and Spanish Fort K'y, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans 4 Texas Pacific
(
(lessee of the Cincinnati Southern Railway). The management of the company is the same as that of the Alabama Groat Southern
ER. Da Nov., 1887, Capt. Francis Pavy in London was appointed
The preferred or
receiver of the English company In liquidation.
VA" shares are 1,500,000, having a preference for 6 per oent cumuor "B" shares
2,500,000; par value
lative, and the deferred
The first debentures are redeem10 each.
of all Bhares
and the seconds at par, both
time
at
able
115,
any
on six months' notioe. The company holds the following securities, viz.:
Cln. N. O. 4 Texas Paciflo $532,000 stock
Vicksburg 4 Meridian,
$245,000 1st mortgage. $105,000 2d mortgage, $416,500 3d mortgage,
$1,464,300 preferred stock and $363,000 common stock; of Vieksb.
Shrevep. 4 Pac. $3,692,000 1st mort., $1,931,000 Incomes and $1,594,000 stock; of N. O. 4 North Eastern $4,900,000 1st mort. and $4,320,000 stock; N. O. Spanish Fort 4 L. RR. $300,000 1st mort. and $200,000
Railway Co.
;
oom. stock: Cincinnati Southern, $532,000 stock. A loan of $600,000
was authorized in Sept., 1888, for the purchase of a majority of Virus.
4 Merid. 2d mort. bonds. (V. 43, p. 62, 436; V. 47, p. 2S6.)
Alabama 4 Vicksburg. Link op Road. Vicksburg to Meridian,
and branch, 143 miles. It is nrainly owned and controlled by the
A Pac. Juno. Co. The Vioks. 4 Jler. road waj sold February 4, 1889, (see V. 48, p. 190), and reorganized as Alabama 4 Vicksburg. Of the new consul, bonds, $1,000,000 are reserved for the V. 4 M.
lsts. The new seconds are Income (non-cum. as to earns.) for five years,
and are a first lien on the V. 4 M. detached lands, and interest is payaHiss.,
Ala. N. O. Tex.
ble from the sals ot such lands ; when interest is paid from earnings
these land sales will constitute a sink, fund for the 2d M. bonds. TrusStock
tees of mortgages, Central Trust Company of New York.
$700,000. From July 1 to Sept. 30, 1889 (3 mos.). gross earnings were
$132,148, against $95,412 In '88; net, $27,000, agaiust $7,000. In year
ending Maroh 31, 1839, gross earnings were $527,789; net $146,269;
deficit under interest, etc., $23,867.
In 1887-8 gross $347,761: net
106.000; deficit under interest, etc., $66,130. (V. 46, p. 228, 649,
S 69; V. 47, p. 382, 664, 803; V. 48, p. 209.)
4
Susquehanna. (See Map Del. A Hud. Uanal) On ns
Albany
Albany, N. Y., to Blnghamton, N. Y., 142 miles; branches Duanesburg
June, N. Y to Schenectady, 14 miies; CobleskU, N. Y., to Cherry Valley, 21 miles operates Laokaw. ASusquch. RR., 22 miles; East Glenvflle to Coons, 10 miles; total operated, 209 miles. Leased for 150 years,
from Feb., 1870, to Del. 4 Hud. Canal Co., which owns $650,000 stock;
rental, 7 per cent on stock. Additions and betterments charged to
:
and cost made part of investment. The conso). mort. is for $10,000,000, of which $3,000,000 arc 7 per cents, currency ; the principal of
lessors,
Axhc villc
&
(See Map Biehmtnd d W. P. Term).
From Spartanburg, 8. C, to Asheville, N. C, 71 miles. Formerly
Spartanburg 4 Asheville; sold in foreclosure April. 1881, and reorganized. Stock $1,050,000; par $100. Controlled by Rich. 4 W. Point
Spartanburg
Terminal, which owns $1,047,981 stock and $215,000 2d mortgage
bonds. In 1887-88, gross earnings, $115,982; net, $17,490.
Pacific Watervllle, Kan., to Washington
Atchison Colorado
San., 20 miies; Greenlcaf, Kan., to Logan, Kan., 155 miles; Logan to
Lenora, Kan., 25 miles; Downs, Kan., to Ball City, Kan., 24 miles; Yuma,
Kan., to Warwick, 31 miles; total, 254 miles. The road forms an exten slon of the CentralBranoh Union Pacific, whioh leased it in 1879 for 25
years, and guaranteed the bonds. The road is controlled, and the whole
system is virtually owned by Union Pacific, but operated by Mo. Pao.
Stock, $1,522,400 (p ir $100), of which U. P. and Central Branch owm
$920,300. Rental is $254,370 per annum.
West. Jamestown. Kan., to Burr Oak,
Atchison Jewell Co.
Kan., 34 miles. Under same auspices and control as Atchison Colorado
4 Pacific. Stock,$2O2,8O0 (par $100). of which Central Branch Union
Pacific owns $105,000. Rental is $34,000 oer annum.
Atchison Topeka 4 Santa Be. (See Haps.; Line op Road
Atchison, 2,082 miles; Southern Kausas, 942 miles total, Atchison
system proper, 3,024 miles. Auxiliaries Roads leased and owned :
Sonora, 262 m.; Gulf Col. 4 San. Fe RR , owned absolutely, 1,058 m.;
Chic. San. Fe 4 California Ry., 517 m.; St. Jos. St. Louis 4 3n. Fe RR. t
97 m.; St. Louis Kan. City 4 Col. RR., 61 m.: California Central Ry.,
269 m.; N. Mex. 4 Ariz., 88 m. Auxiliaries Roads controlled: Cnro.
Kan. 4 We3t'n, 913 m; California Southern, 211 m.; total anxilaries,
3,507 m.; total owned, lease laud controlled, 6.531 miles. Roads owned
jointly with other RR. companies Leav. Top. 4 8. W., 57 m.; Manhat.
Alma 4 Burl., 56 m.; Wiohita & West'n 45 m.; King. Pratt 4 W., 80 m.;
Atlan. 4 Pac. 927 m.; Kan. City Belt, 10 m.; total ownedjointly, 1,175
m. Grand total (including ] a of mileage operated jointly) 7,119 miles.
Organization, Leases, 4c The A. T. & S. Fe. Co. was incorporated
Maroh 3, 1863. The main line of 471 miles was opened Dec. 23, 1872.
Th whole system outside of the main line is nominally under different
coi porations, of which the ownership is vested in the A. T. 4 S. F., and
thr roads usually leased to that Co.
In Aug., 1884, an agreement was made for the control of the Mojave
Division of the Southern Pacific and a right for traffic over the Southern
Pacific to San Francisco. The Atlautic 4 Paeirte 1st and 2d mort. bonds
are guaranteed one half each, saveraliy but not jointly, by the "Atchison
and San Francisco companies. Seo Atl. 4 Pac. and St. L. 4 San Fran, in
4
4
:
this
Supplement.
In April, 1886, the Gulf Colorado 4 Santa Fe was "taken over" by the
Atchison, by the exohange of G. C. 4 S. F. stock for Atchison stock,
"
$8,000,000 in all, and the Atchtson agreed to assume the bonded indebtedness" of the Gulf Co. See Chronicle. V. 42, p. 630; V. 48, p. 68.
In Nov., 1889, a traffic agreement was made with the Chicago Rock
Island 4 Pacific. See V. 49, p. 689.
Stock and bonds Dividends on the stock have been in 1879, 3 per
per oent; in 1880, 8>s; in 1881, 6 cash and 50 stock; from 1882
to 1886, inclusive, 6 per cent; in 1887, 6k; in 1833, 5>4; in 1889
The range in prices ot stock in Bo3ton was in 1881, 92
nil.
1
In
15414; in 1882,78 7ea 96i8; in 1883, 7386>4; in 1384. 59 a30
7
1885, 63 1489'a: in 1886, 79 7s31O0; in 1337, 93% 119 s; in 1888,
1
53<4998: in 1889 to Nov. 22, inclusive, 2S3sa53 4
In addition to bonds In ta'ile above, there are outstanding o:hr small
issues as follows: Consol. mort. bonds. 7 per cent giKd, du ) April, 1903,
$108,500' and $185,000 Sumner Co. KK. bands, drawn at 110, due
Sept. 1, 1910, int. M. 4 S., an obligation of the Southern Kan. RR.Co.;
also equipment lease warrants, $1,445,660, due in 1889, 1890 a nd 1891.
Such bonds as arc held in the company's treasury, or leased lino bonds
held as collateral for any of its own bonds given above, are not inoluded
in the above amounts outstanding.
Abstracts of all the principal mortgages of the Atcli. Top. 4 8. Fe
RR. Co. were published in the Chronicle, V. 49, p. 546 551.
The 5 percent bonds, due April 1. 1909, are secured by the N. Mex.
4 So. Pac. 1st mort. 7s issued on road from Naw Mexico State line to
San M irclal and branch, 372 miles.
The sinking fund 5 per oent bonds due Sept. 1, 1920, are plain bonds
not mortgage) and partly seoured by deposit of $630,OiK> plain bonds
,
;
JfOVEMBEB, 1889.]
KA1LROAD STOCKS AND BONDS
21
INVESTORS'
SUPPLEMENT.
[Vol. XL1X.
November,
1880. J
RAILROAD STOCKS AND BONDS.
OS
IWESTOKS' SUPPLEMENT.
|Vou XLIX.
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds Prim 1.
INTERE8T OK DIVIDENDS.
DESCRIPTION.
tot explanation of column headings, Ac, see note*
on first page of tables.
*
Miles
of
Date
K..ad.
Bunds
\alue.
Outstanding
66
148
292
64
92
99
73
45
78
46
372
202
210
210
941
941
350
143
185
139
42
271
100
812
209
1875
1875
1878
1879
1879
1879
1877
1884
1,000
1.000
1.000
1.000
1,000
1.000
1,000
1.633.000
2,082.000
532.000
798.000
713,000
775,000
791,000
956.000
690.000
4,425,000
5,218,000
2,056,000
3.494,000
13,281,000
6,642,000
15,350,000
1,500,000
2,940,000
1,004,000
500,000
4,33*,000
1,583.000
1,480,000
1,700,000
500.000
4,250.000
750,000
1,947,000
1,232,200
2,200,000
3,352,000
F.tOontinusd.
K. C. Top. * W. Inc. bus., <*4,00 p.m.) guar
Pueblo A A. V., lstM.,goid. $14,000 p.m. guar.c'
o*
do
do
consol (1st M. 144 m.), guar
K. C. K. A 8.. 1st M., 98,000 p. m.. g., guar
Cowley 8. A It. 8m.. 1st, 98.000 p. m. g., guar...
liar. A McP., 1st. $7,000 p. m.,g., guar
A. T.
Size, or
of
Amount
par
Rate per
Cent.
pal, When Due.
Payable, and by Stocks Last
Whom.
Dividend.
When Where
Pay'ble
ft.
.
m
Flor.El Dor.AW.Val., lst,g.($10,000p.
.). lnt.gu.
Wichita A Western, guarantee! 1st m. coup
King. Pratt A West., l8t,guar.($lf>,000p.m )..C
Leav.Top. A 8. W. 1st m., guar, by At.
N. Mex.
8o. Pao. 1st, g., (915,000 p.m.), guar
Bonora, 1st mort., 920,000 p.
gold. Int. guar. ..
Cal.Bo..lstM ,910,000 p.m. ,g.,gu.,8.f.dr'natll2o*
Income bonds (none mutative)
Chic Kan. A West., 1st, g. guar. ($14,000 p. m.)o*
inc. bds.. non-ouin ($7,000 p. m.).o*
do
Chlc.8.FoAC'al.,lst iA2dM.on90m.),g, guar.c'Ar
ChlcA 8t. Louis 1st M. ($10.000 p. m.)
Bo. Kan. K.C. Law. A 8o., IstM. ($16,000 p.m.).
8o.Kan.A West. lst,(8.f.$31,037y'rlydr.at 110)
Ottawa A Burlington RR. 1st m. $12,000 p.
1st. g'd,guar.($16,O0O) p.m.o*
8. Kan. (Gulf Div.)
Bo. Kans. In Texas, 1st M.($i,O00 p.m ),g., guar,
B. Kan. Income bonds, guar., $4,000 p. mile)
Atlanta* Charlotte. 8tock(5p.c.rent'l Rich.AJDan.)
c* 265i
Pref. mort., redeemable at 100
r 265H
1st mortgage
r
Income bonds (not cumulative), guar
c*
io'i
Atlanta * Florida let mort. ($15,000 p.m.)
Atlanta <t West Point Deben. oert redeem, after '91
e ioi
Atlantic City 1st mortgage, gold
209
Atlantic <t Danville 1st mort. gold, $16,000 p.m.c
A
m
m
1882
1879
is no
M. A
$200,000
1,000
1.000
1.000
1.000
1,000
100 Ac.
1886
1886
1886
1886 100 Ac.
1887 l.OOOAc
1885
1,000
1879 500 Ac.
1880
1,000
1.000
1881
1886 100 Ac
1886 100 Ac
1886 100 Ac.
100
1877
1.000
1877
1,000
500
1880
1887
1,000
1881
1,000
1889
1,000
1887
1,000
7
g.
J.
J.
J.
.
J
.V
A J.
A J.
A. A O.
A. A O
\l A. A O.
.* J. A J
J. A J
6
4 g. J. A J.
A. A O
St J. A J.
J. A J.
8* M. A 8
5g. J. A D.
May 1
J A J
6* M. A 8
A. A O.
6
J. A J.
7
A. A O.
6
M. A 8
f * M. A 8.
5* May
2 Hi
M. A 8.
7 g.
7g.
Bost., Everett Nat. Bk
Best., N. Bk. of No. Am.
Mar.
July
July
Boston, North Nat. Bk. July
do
Oct.
do
do
do
do
Boston.
Nat
do
B. No.
Am.
do
do
do
do
Boston, Am.L'nA Tr.Co.
Boston, Everett Nut. Ilk.
Boston, Nat. Revere Bk.
Mav. Nat. Bank.
3d coup, paid 8ept ,"88.
Boston. Boston Nat.Bk.
Bos.,
None
paid.
1906
1905
1906
1, 1909
1. 1909
Oct. 1, 1909
Auk. 1, 1907
Jan. 1, 1914
July 1, 1916
July 1, 1912
April 1, 1909
Jan. 1, 1910
Jan 1, 1926
March 1, 1926
June 1, 1926
Junel, 1926
1,
1.
1,
1937
1915
1909
1910
1909
1926
Mar. 1, 1927
do
do
Boston.
July 1, 1927
N.Y.Cent.Tr.Oo. ,54 Wall Bept. 6. 1889
A. AO
7
do
do
April 1, 1897
J. A. J
7
do
Jan. 1, 1907
do
A. A O.
do
6
do
April 1, 1900
J. A J. N. Y. Cent. Tr. and At.
July 1, 1927
J. A J.
Atlanta, Oa.
July, 1891
'I. A .V Phlla.. 227 South 4th st.
May 1, 1919
of: A. A O. N. Y., Office, 57 B'dway. Oct 1, 1917
N.Y.Han.Iik. Bos.ALon. Jan. 1,
Mar. 1,
N.Y., Farm's L. A T. Co.
Boston, Union Nat. Bk Apr. 1,
do
Jan. 1.
do
do
do
April 1.
Boston. Boston Nat-Bk
Sept. 1,
Kansas City Topeka A Western RR. Sinking Fund is 1 per cent per although the Interest on Sonora bonds Is deducted here; In 1838 the
South. Kansas is trea'ed as a leased road and its interest is included in
annum, with which bonds are drawn at 101.
The 4> per cents due October, 1920, have $4,650,000 of the 6 per rentals, but previously its Interest was given as a separato item
cent mortgage bonds of the Rio Gr. Mex. A Pac. and $500,000 of the
OPERATIONS AND FISCAL BEBCLTS (ATCII. .1 8. K. ONLY).
Bio Or. A El Paso roads as seourity, the sink. fd. being l's i>. ot. per an1886.
1888.
1887.
num, rising to 3 >s by 1910. with which bonds are bought or drawn at par; Miles
3,024
2,526
3,016
oper At.T.AS.Fe S. Kan
registered bonds for $5,000 issued for coupon bonds, and are not re-
of
:
deemable
till
Earningt-
after coupons.
The 6 per cent bonds due Deo. 1,1911, have as security 1st or 2d mort.
bonds of a number of the proprietary or controlled railroads, at not
over $25,000 per mile, deposited iu trust as collateral; they are redeemed at 105 by the sinking fund, whioh is 1 p. o. ($123,0 jO) per annum till 1891 and 2 p. c thereafter; reg. bonds for $5,000 issued for
coupon bonds cannot be redeemed till after coupon bonds. V.46, p. 386.
The collateral trust bonds of '87 are direct bonds of the Atcnison Co.,
ag'st which are deposited In trust the bonds of branoh lines constructed
in California and Colorado, not exceeding $25,000 per mile. Bost. Safe
Den. A Trust Co trustee. See-V.44, p. 245; V.46,p. 385; V. 47, p. 326.
The Wichita A Western, Wiobita to Collison, Kan., 100 miles, is owned
Jointly with St. Louis A San Fran., but bonds all guar, by Atchison.
The Kingman Pratt A West RR. bonds are guaranteed by Atchison,
though the road is jointly owned
The Lea v. Top. A So. RR. bonds at 4 per cent are guaranteed one-hall
by the A. T. A 8. Fe. and one-half by the Union Pacific.
Interest on the Sonora RR. in Mex. (262 miles) 1st M. bonds is guaran
teed these bonds are at $20,000 per mile, of which $5,000 per mile are
owned by the A. T. A S. F. Co.
The California Southern 1st mortg. bonds are guarantee 1 (by endorsement on the bonds). Sinking fund retires 25,000 first mortgage
bonds yearly at 112. In August, '89, a circular (V. 49, p. 205) gave
teims of consolidation of the California Southern, Califoria Central and
the Redondo Beach railways as the ' SonthernJCaltfornla Railway Co."
with stock of $16,935,000, of which $8,000,000 is preferred.
The Chicago Kansas A Western stock ($10,000 per mile) is held by the
A. T. A 8. Fe, and the first mortgage bouds, at $14,000 per mile, are
guaranteed by the latter company, and these, with the income bonds at
$7,000 per mile, were issued as per the circulars in V. 43, p. 59 V. 44,
The roads covered by these bonds are about 911 miles of branch
e in
L245. Kansas constructed in '86, '87 and '83.
The Chicago Santa Fe A California RR. forms the connecting line from
Kan. City to Chicago, about 439 m., Including Chic A St. L. (purchased)
90 m. Its bonds, ($35,000 per m.) are guaranteed by the Atchison, and
are a first lien on all but 89 m., on which the Chic A St. L, bonds have a
prior lien; bonds are held to retire the Chic. A St. L. bonds at maturity,
but these latter cover also 53 m., not inoluded in the C. S. F. A C. mort
The capital stock is $15,000,000. Trustee of mortgage is Boston Safe
Deposit A Trust Co. See V. 44, p. 148.
The Atchison Topeka A Santa Fe in Chicago is the title of the corporation owning the terminal property there, and its stock is $5,000,000.
The trustee of the n~ ort. is the Boston Trust A Safe Dep. Co. The principal of the bonds may be registered, but not the ooupons.
The Southern Kansas Gulf Division and the Southern Kansas In
Texas first mortgage bonds were issued as per circulars In V. 42,
The bonds are guaranteed, principal and
p.
462, V. 43, p. 431.
Interest, by the Atchison Topeka A Santa Fe. The income bonds are a
.
;
,
charge against the entire mileage (842 miles) of the So. Kansas.
In November, '88. the $10,000,000 notes were authorized, secured by
2d M. on the main line in Kansas and by deposit of the stock of the
Chic. Santa Fe A Cal. and terminal companies. The mort. oau be discharged whenever the notes are paid off at any time.
Ob Oet. 15. 1889, the company issued its plan of reorganization,
which was simple but comprehensive. No assessment was made
en the stock, and there were to be Issued $150,000,000 of 4 per cent
mortgage bonds and $80,000,000 of 5 per cent Income bonds, into
which all prior bonds were to be exchanged on certain specified terms.
Bee the plan at length In V. 49, p. 504, and article on pp. 483, 597.
Operations, Finances, Ac From Jan. 1 to Sept. 30 In 1889 (9
mo-.i, gross earnings of entire system, were $19,664,935, against $18,666,189; net, $4,744,854, against $3,751,312.
The Atchison annual report in the Chronicle (V. 48, p. 603, 620-25
and 631), gave very complete exhibits of the earnings, financial condition, Ac. The net result of the year 1888 was as follows: On the entire
ystem of 7,000 miles of road the figures showed a deficiency of $5,569,629; this, however, was after the paiment of $2,625,000 for dividends,
leaving the deficiency $2,944,529. Total net earnings in 1888 on an
average of 7,009 miles of road were $6,370,849, but in 1887, on an
average of only 5,342 miles, they were $10,954,586.
NET EARNINGS OF WHOLE SYSTEM.
Net Earnings.
1888.
1887.
Average Mileage.
1888.
1887.
s
Atchison proper
Auxiliary roads
Roads owned Jointly
5.225,098
1,209,455
def 127,408
.
Miles.
Miles.
8,604,075
2,146,802
3,020
3.402
2,622
2,144
204,710
591
576
Whole eystem
7,013
5,342
6,307,145 10,954,587
For 1388 earnings and operations were as follows, these statistics
unbracing the At. "Top. A S. Fe and South. Kan. systems combined, but
nothing of the Bonora, Atlantic A Pacific, or roads owned Jointly
95,136,652
12,243,343
1.076.37 1
Total gross earnings
..$15,934,307 $18,461,366
8.613 911
..
10.408.455
Operating expenses
Net earnings
$7,370,396
94,002,911
P. ot. of op. expenses to earns
53-89
56-38
$1,026,004
11,100.967
857.33 1
Passenger
Freight.
Mail, express,
Ao
.
.
91,335,643
10,194.043
1.083.227
914,612,913
1
1.Q27.162
$1,043,751
70-63
INCOME ACCOUNT.
1886.
Receipts
Net earnings
$7,370,396
Rentals
33,785
I nt.on bonds in 5 p.c. coll. trust.
Other receipts*
623,859
From land grant trusts
170,633
1887.
',911
$3,05.
29,953
1888.
$-1,585,751
$8,198,673
Total income
751,153
109,487
231,628
621,690
717,129
168,805
$9,003,504
96,378,003
$20,403
1,664,860
339.820
829,499
170,633
283.500
27.600
3,738.478
$15,300
1,746,579
45 ',926
859,883
169,487
283,500
27,600
4,474.725
!1,58(MI41
168, "05
Disbursements
Rentals paid
Int. on At. T.
hi:,
on
So.
A S. Fe bonds
Kan. bonds
Interest paid as rental...
Interest on land bonds
Interest on Sonora bonds
8o. W. bonds.
Int. on Leav. To.
A
Dividends
Rate of dividend
Sinking funds
Paid to other roads.
Total disbursements
Balance!
2,lli]6e6
283,500
2,625!6<j6
(6)
(6*9)
(Us)
311,340
73,227
303,955
257,377
329,725
489,159
97,895,890
$7,459,356
98.592,233
sur.$739,317 snr. $411,266 df.$l,517,887
'Includes net land receipts Southern Kansas Railway Co., sundry
and balance oi general Interest account
t This does not include the nit profits of the Atch. land department
which were in 1894 $829,101; in 1835, $1,303,847; in 1836, $1,126,752; in 1887, $310,886; in 1888, $212,585.
r >ad," Its bond
5 The 80. Kan. R >ad being treated In 1888 as a "leased
interest ($719,390) is included in the item "latere -t pa^d as rental."
158. 236,250, 252,462,603. 615.631. 632; <t.*B,
(V. 48, p. 66, 127,
p. 205, 268, 300, 402, 404, 433, 470, 483, 503, 504, 538, 540, 646, 579,
597, 653; V. 49, p. 689.)
Charlotte Air Line. -Owns from Charlotte, N. C, to
Atlanta
Atlanta, Oa., 269 miles. The Richmond A Atlanta Air-Line was sold
under foreclosure Dec. 5, 1876, and the existing corporation was formed
Feb. 27, 1877. On March 26, 1881, tne road was leased to the Rich. A
Danv. for 99 years at a rental of $166,500 per year, equal to the interest
on debt and 5 per cent on stock ; if gross earnings of A. A C. A. L.
exceed $1,500,000, dividends to be 6 per cent; and if they exceed
$-2,500,000, 7 per cent. In year ending June 3), 88, gross earnings were
$1,348,523. Due R. A D. for betterments Sept. 30, 1888, $1,046,809.
Florida. Owns from Atlanta, southerly to Fort Valley
Atlanta
Oa., on Cent. Ga. Kit. 101 miles; extension 10 tidewater projected;.
This is the Atlanta A Hawkinsville incorporated in 1886, name having
been changed in '87. Constructed by Georgia Improvement Co., whlon
received $8,000 bonds and $10,000 stock per mile. Trustee of mort.
for $2,880,000 is Central Tr.Co. Stock outstanding, $1,115,000; par,$25.
Atlanta A West Polnt.-Owns from East Point, Ga.. to West
Point, Ga., 80 milee; leased, 6*4 mi'es; total operated, 86*8 miles. In
for the
April, 1881, a controlling Interest in the stock was purchased
Central Georgia, and a stock dividend of 100 per cent was afterward
declared in debenture certificates.
Any mortgage issued must be
subordinate in lien to these certificates. Dividends paid in 1889, 6 per
cent. Gross earnings in 1^88 89. $424,517; net, $139,044; Id 1887-88,
gross, $424,287; net, $138,334, dividends paid (6 per cent), $73,932.
Atlantic CltTCamden to Atlantic City, 54 m.; with branch es, Ao.,
of 49 m. Cons. Illation in 1889 of the Phil. A Atlant. City RR. and its
leased branches. Stock authorized and issued, $1 ,200,000 common and
$1 000 000 oref'd. The new bonds will retire the old ones. Operated
by P. A R. RR. Tiuetee of mort, Phlla. Guar. Trust A afe Deposit Co.
Atlantic tt Danville. (See Map). In progress from Noifolk to
East Tennessee,
Danville, Va. there to connect with the Danville A
projected by parties in same interest to Bristol, on East Tenn. Virginia
RR. In operation Claremont to Belfield, Va., 65 miles, and
A Georgia
Norfolk to Lawrencesville, 91m.: other lines, 29 m. Trustee of mort,
Mercantile Trust Co. Stock authorized ia $5,000,000 ; outstanding,
$3,290,000; par, $100. Gross earns. '88, $204,064; net. $96,8 17. Thos.
Ewing, Pres.; A.E. Bateman, Treas., N. Y. (V. 47, p. 826, 744; V. 48, p.
580, 827; V. 49, p. 21, 511, 654.)
profits
A
A
November,
1889.)
RAILROAD STOCKS AND BONDS.
97
9*
INVESTORS'
SUPPLEMENT.
[Vol. XL1X.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
I'l -i
IM1TION.
Miles
For explanation of column heading*, Ac, see notes
on first page of tables.
-
Atlantic d Pae. -Cimir. trust M. g. (red. at 105)o
2d M.. guar., g.. (b. f. (Irnaft.Mcb.l. '90at 1051V
Inc. bds., non-cuiu'tive, W. D. ($18,750 p.m.)o*Ar
1st KK. J; land gr. bonds on Cent, A Mo. Div
o'
bonds on Central Dlv.. cum
o*
Ulv., non-cam ($18,750 p. m.lo"
Atlantic
St. Laurence. Stook, 6% rental Q'd Tr'k
Augusta <t Savannah Stock, 7% rental Cent. Ga.
Bait Eagle Valley Gen'lmort..(s. f. drn. at 100)... i
1st land grant
Income bds., Cent.
*
Biltimore
1st
dt
O/iio
Stock.
and 2d pref. stock, cum. ,$3,000,000 Is
Loan due
1st pref.
1880. extended, payable at will
Loan, 1853, extended In 1885. gold
do 1870, sink, fund 16,000 yearly, notdr'n
City loan. 1855-'90. Blnk. fund, not drawn
Mort. 1872, sink, fund, 12.000 semi-annually...
Mort. 1874, sink, fund, 9,000 semi-annually
Consolidated mortgage (for $29,000,000). gold.c*
Bond to City Baltimore (payable $40,000 y'lv)
Loan,1877,(s.f.<lr n at 100)(B.AO. ACh.bdscolt'Dc.
N. W. Virginia RR. 1st M. (ext. In 1888), assum'd .c
Loan 1879 (Parkersburg Branch bonds collateral)
Mort. on Phila. Br..with Bait. & Phlln. bds. as col.
Loan, 1885, g. (Plttsb. A Connellsville b'dscollat.)
Car trust loan g.($250,000 paid yearly Jan. 1 ) .c
Equipment nut (*10il,000 paid yearly April 1).
let M. Schuylkill K. East Side RR., gold (guar.).
Bait, ,f Fotom ac 1st
(tun.)g.,s. f. 1% not dr'n.o*
1st m., road, euar., gold.s.f. 1 per cent, not dr'n.o*
Consolidated mortgage for $10,000,000
c*
Beech Creek-8tock ($1,300,000 Is pref.)
1st mortgage, gold
c
In
-
.
M
Bell'*
Oop-Sroek
November,
1889.]
RAILROAD STOCKS AND BONDS.
INVESTORS' SUPPLEMENT.
[Vol. XLIX.
Subscribers will confer a great favor by riving Immediate notice of any error discovered la these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
f*ffnd-PTincl
Miles Date Size, or
Amount Bate
For explanation or column headings, 4o., see notes
Par
Of
of
per When Where Payable, and by
Road. Bonds Value. Outstanding
on first page of tables.
Cent.
whom.
Payable
Bells Gap. -(Cont.> -lit M, Bells Mills to Lloyds.c*
Extension 1st mortgage
o*
Oonsol. M. (for 8550,000) s. f., not drawn
c"
4 Jefferson 1st m., guaranteed
o*
Clearfl
Belmderr I)tl. 1st M., ext'd In "77, conv., guar. ..c
Cons. mort. of 1876, rlnklng fund, not drawn, c
Cons. H.of '76. guar, by Un. Co's A Pa. UK., s.f..r
Flemlngton KR. M. bds., s. f., 1 pet not drawn, .o
o
Bennington 4 Rutland 1st mortgage
M
Stock (7 p. c. perpet rental Housatonlo).
Billings V. F.d Cooke O.Q'l lstM.s.f.red.at HO.g.o*
Birmingham Sheffield* Tenn River. 1st mort..
Motion <* Albanit Stock
Plain bonds, not mortgage
c4r
Berkshire
Bonds of 1875 not mortgage
Bonds mot mort.) Issued to State for
Boston
howcll Stock
Bonds not mort
<c
Bonds
Bonds
Bonds
Bonds
L
A
]..
4
do
do
do
do
B.
4L
o4r
Its
stock
.
..
bonds
Boston 4 Maine gives
a rental guarantee
for 99 years.
8 1873
tsoe
26 1875
i.eoo
26 1883
Modte.
37 1888 500 Ac
64 1877
l.OOO
67 1876
1,000
67 1885-7 1.000
12 1876
1,000
59 1877
1,000
100
22
51
i887 500 4c.
1889
Too
390
1872
1,000
1875
1,000
100
1882
100
509
1872
1876
1879
1883
branch 4 m.; total operated 96 miles. Controlled by the Pennsylvania
KR. Co., and first mortgage bonds guaranteed by Pennsylvania and
Northern Central. Stock, $1,374,250 (par $50), of which Penn.RR. owns
S3.541.100 and Nor. Cent, $622,850. Income bonds are all held by Penn.
KB. Co. Consol mortgage of 1889 (Trui- tee Safe Dep. 4 T. Co. of Baltimore) provided for retiring $2,000,000 incomes, with interest to the
extent ot $1,000,000, and for tbe taking up of $4,500,000 prior bonds
as they mature, the remainder authorized to be applied, upon authority
hereafter from the stockholders, to construction, equipment, 4o.
In 1888, gross earnings, $1,539,127; net earnings, $509,562 sur. over
;
fixed charges, $230,853. From Jan. 1 to Sept. 30, '89 (9 mos.), gross
earns, were $1,192,161, agst. $1,140,500 in '88; net, $289,939, agst.
$382,287. (V. 49, p. 82, 616.)
475,000
600,000
2,300.000
20,000,000
5,000,000
2,000,000
3,858.000
5,529,400
1,499,500
750,000
620,000
250,000
2,325,000
426.000
300,000
7,000,000
3,500,000
2.473,000
2,993,000
500,000
Beech Creek.
Jersey Shore, Pa., to Gazzam, 104 miles: branches
to Phillpburg, to mines, 4c, 28 miles; total, 132 miles. This is successor to the Beech Creek Clearfield 4 S. W. reorg. In 1886. Dividends on
pref. slock s'nee reorganization were at the rate of 5 per cent per annum till 1889, when only 2H was paid on account ofj damage by flood.
Car trusts outstanding are $225,000. In 1888 gross earnings were
$913,334; net, $372,734; surplus over fixed charges, $126,223. Wm.
A. Wallace. Clearfield, Pa., Pres. (V. 46, p. 573; V. 48, p. 250.1
Bells Gap. Owns Bellwood, Pa., to Irvona, Pa., 26 miles, and
leases ror 99 years Clearfield 4 Jefferson R'way, Irvona to Horatio,
Pa. 37 miles; total, 63 miles. Dividends sine 1881 have been: lu
1882, 15 si rip; in 1883, 6; in 1884, 3; in 1885 to 1887 lncl 5 in 1888,
nil; in 1889, 7 >s. Oross earnings in 1887 88, $199,633; net, $34,429;
Interest, $33,647: surplus, $50,781; from whioh 5 p.o. dlv. was paid. Of
the consol. mort. $350,000 Is reserved to retire prior issues. Unas. F.
Berwlnd, Pres., Phi la.
;
Bel vldere Delaware. Owns from Trenton, N. J., to Manunka
Chunk, N. J., 67 miles; Flemlngton BU., 12 miles; operated cut-off, 1
mile; total operated, 80 miles. Leased to United Companies, and transferred to Pennsylvania HE. March 7, 1876, by whioh operated as their
Belvidere Division, andnetearnings paid over as rental. Penn. RR. owns
most of the 7 per cents. In 1 885, the Flemlngton BR. Co. was merged
In this. The 1st mort. (convert into stock) and new 4 p. o. bonds are
by the United Co's. All mortgages except 1st have sinking fund of
far. cent, if earned; no bonds drawn. In 1888, net, $435,399; surp.
per
over fixed charges, $197,634. Dividends of 6 per cent are paid. Stock,
$1,150,000 (par $50), alt held by Penn, Co.
4 Rutland. -Owns from Rutland to Bennington,
57 miles branch, No. Bennington to New York State Line. 2 miles
59 miles. Stock, $1 ,000,000 (par $50). Dividends since 18:9 In
1880 am.ui.ted to $10,040: in 1882, $20,080; in 1883, $40,160; then
nil till 1888, when $40,000. Gross earnings in 1888 were $213,170;
net, $40,219; surplus over Interest, $6,969, against $36,041 in 1887.
Berkshire. Owns from Connecticut State Line to West Stockbridge. Mass., 22 miles. Leased in perpetuity to Housatonlo Railroad
Company at 7 per ct. on capital stock. $600,000. Lessors pay taxes, 4c,
and for this reason the quarterly dividend due in Oct. is usually omitted.
Bennington
Vt
.
.
;
;
total.
:
4
Cooke City. Projected from Billings,
Billings Clark's Fork
Mont., on Northern Pacltto RR, to Cooke City distance. 115 miles with a branch extending up Bear Creek, 10 miles, making a total of
125 miles. $300,000 of the bonds have been authorized to cover 51
miles of road from Billings to coal fields; mortgage Is for $2,000,000.
Binklig fund 1 per oent after flri-t five years, bonds drawn at 110. The
Co. has coal land, and has a coal contract with Northern Pacifio
A.
F.
Deduct
1887-88.
Rentals
Dividends
(8
1888-69.
8662,900
78,000
Interest paid
$662,900
78,000
1,600,000
1,600,000
$2,340,900
858,761
$2,310,900
$695,818
per oent)
Total
Balance, surplus
(V. 46, p. 201, 610; V. 47,p. 161,
400,
Last
Dividend.
J.
6
6
6
1,000.000
1,000,000
1,046.000
1,225,000
250,000
85-0-7
Due.
Stocks
A J. Phlla.,105 8. 4th Street. July 1, 1893
4 A.
do
do
Aug. 1, 1905
4 O Phil. Ouarantco Tr. Co. April 1, 1913
J. 4 J. Phll.,Ouar.Tr.4 S.D.Co. Jan. 1, 1927
J. 4 D. Philadelphia. Pa. KB.
6
June 1, 1902
J. 4 J. Treasurer. Trenton.N.J. Jan. 1, 1916
7
Various Philadelphia, Pa., KK. Sept., 1925 27
4
J. 4 J. Treasurer, Trenton.N.J. Jan. 1, 1916
6
M. 4 N. N. Y., Union Trust Co. Nov. 1, 1897
7
1*1
Q.-J. Stockbrldge, Treasurer. July 1. 1889
J. 4 J. Now York 4 London.
Jui. 1, 1927
A. 4 O.
t
2
Boston, Olfice.
Sept. 30, 1889
Q. -M.
F. 4 Ado
7
Feb. 1, 1892
do
J. 4 J.
6
July 1. 1895
A. 4 O.
do
S
April 1, 1902
J. 4 J.
3>s
Boston, at Office.
July 1, 1889
Various
do
7
do
Apr.,18924'96
do
6
J. 4 J.
do
July 1, 1896
J. 4 J.
do
5
do
July 1, 1899
M. 4 N.
do
do
4>*
May 1. 1903
Various
do
4
do
Sep.l, 1905-6-7
do
6
A. 4 O.
do
Oct. 1,'97 4'98
546 Various Nashua, Co.'s Office. Aug/9341900
5
M. 4 N.
Nov. 15. 1889
Boston, at Office.
do
J. 4 J.
do
7
Jmi.,1893 4 94
do
4
F. 4 A.
do
1905,07 4 '37
2
A. 4 O. N.H..N.Y. N-H.4H.Co.
Oct., 1889
5
F. 4 A. N.Y., Lincoln Nat.Bank Aug. 1, 1905
7
8250,000
loo.ooo
183,500
Nash. 4 Low., pl'n bds.
Botlon A Maine Stock. .
100
1,209
Plain bonds, not mortgage
o4r
1873-4 500 Ac.
1885-7
Imp'nt bonds ($1,000,000 due Feb., 1905, s. f
1,000
BostomtN T. Air-Line St'k, pref.(gu.N.Y.N.H.4H.)
100
54
1st mortgage
o"
50 1880
1,000
pal. When
498, V.48,p. 159,222; V.49,p. 207,
607.)
4
Boston Lowell. Owns from Boston to Lowell, 27 m.; branohes
4 Lowell, 17 miles Lowell 4 Lawrence, 12 miles others, 32
miles; Middlesex Central, 11 miles; leases Nashua 4 Lowell, 15 miles;
Brook RR.. 13 miles ; Wilton RR., 15 miles Manchester 4 Keene
Stony
RR., 29 miles; Central Mass., 104 miles; Connecticut 4 Pa-sum psio,
147 miles total leased, 323 miles ; total owned and leased, 422 miles.
In June, 1884, a lease of the North, of New Hamp. and the Bost. Con.
4 Montreal railroads was made. In March, 1887, the Northern lease
was held void. The St. Johnsbury 4 Lake ihamplain
was leased,
but a suit concerning the lease is pending, and the road is now operated
Salem
:
;
;
;
RR
'
owners.
The Conn. A Passumpslo RR. Is leased for 99 years from January 1,
1887. A lease of the B. 4 L. and all its branohes to the Boston 4 Maine
for 99 years was effected by vote of stockholders on June 21, 1837, and
In Oct. the lines passed to the Boston 4 Maine. By the lease this company receives 7 per cent on stock till Tan., 1897. and 8 p. c. thereafter.
Dividends since 1880 have been: In 1381 and 1882, 4 per cent In
1883, 5; In 1881, 5>s; in 1885 and 1386,6; In 1887, 0"s; In 1338 and
tinea at rate of 7 per cent yearly.
Flsoal year ends Sept. 30. No report issued since 1886. In 1887-88,
net earnings, $1,058,797; fixed charges, $669,708; balance, $389,089
Boston
Maine. Owns Boston to Portland, Me., via Dover, N
H., 115 m., and branches 9 m. Leases Boston to Portland. Me., via
Portsmouth, N. H. (Eastern RR's In Mass. and X. H. and Port. Saco 4
Ports.), 103 m.; Huston to sherbrjoke. Canada (Boston & Lowell, Nash.
4 Lowell, Northern N. II., Conn. A Passump. and Massawippl Valley
RR's), 290 m.; Conway June, Me., to North Conway, N. H. (Ports.
Great Falls 4 Con.), 73 m.; Worcester, Mass.. to Rochester, N. H.
(Wore. Nash. A Roch.), 94 m.; North Cambridge June, to Northampton,
Mass (Cent. Mass.), 99 in.; branches, 42 in.: total leased, 1,085; total
operated 8ept. 30, 1688, 1,209 miles. For terms of leases see under
title of each company eUewhere in this Supplement.
The Boston Concord 4 Montreal lease was annulled May, 1889.
Dividends sinoe 1880 have beeu: In 1831 to 1885 inoluslve, 8 per ot.;
in 1886, 9>s; in 1887, 10; In 1888, 9; in 1889, 9.
There were outstanding Sept. 30, 1388, $2,278,000 notes payable.
In year ending June 30, 1889, gro-s earnings were $13,5^8.522; net
income, $5,029,530; oharges, $4,011,772; dividends, $360,000; surplus,
$157,758.
Tbe flsoal year ends Sept. 30, and reports showed as below. Report
for 1887-88 was in Chronicle, V. 47, p. 743, Earnings and expenses
below are for the whole system, Including Bost. 4 Low. in 1337-88.
1885-86.
1886-87.
1887-88.
609
Miles operated
586
1,209
by
its
;
4
Earnings
Freight
Mail, express, Ac
$4,040,286
2,929,766
283.829
Birmingham Sheffield Ac Tenn. River. Sheffield to Jasper,
Ala, and branches, 92 miles; to be extended 15 miles In 1889, and will
connect with Georgia Pacific Stock Is $2,b00,000. In Sept., 1887.
Sheffield A Birmingham RR was consolidated with the Alabama 4 Tennessee Coal 4 Iron Co. In Jan., 1889. receiver appointed and in April,
1889. the railroad property was sold to the Bir. 8. 4 Tenn. Rivi r, and
the Coal 4 Iron properties reoiganlzed separately. President, A. Par-
Total gross earnings
Total expenses, incl. taxes-...
$7,253,881
4,7i3,409
$7,892,612
5,2tf8,831
$12,724,519
9,241,768
Not earnings
$2,500,472
$2,623,801
$3,432,751
rlkh, Philadelphia, Pa.
Not earnings
RR
4
Boston
(V. 48, p. 128, 527.1
Albany, Owns from
numerous
105
Boston, Mass., to Albany, N. Y
202 miles
branches,
miles; leased lines, 83 miles total
operated 390 miles. The Boston 4 Albany was formed (Dec, 1867)
by tbe consolidation of the Boston 4 Worcester and the Western RRs.
In 1889 obtained permission irom the Legislature to issue $10,000,000
additional stock, $7 000,000 being for bonds duo In 1892 and 1805 and
the rema'nder for Improvements.
Cash dividends at the rate of per cent yearly have been paid for
many j ears. Stock dividend of 10 per oent was paid in 1883 and of
8I3 per on' in 1886.
Fnmi July 1, 1839, to 8cpt. 30, 1889 (3 months), gross earn'nsrs were
$2.388,2.)4. aimlnst $2,3(12.556; net, $871,223, against $1,075,017;
surplus over charges, $655,525, against * 859.(1 1 1.
Fiscal year ends now June 30, and report In V. 49,
p. 401, showed
;
INCOME ACCOUNT FOR TEAKS ENDINQ JUNE
.
Net earnings
30.
$4,374,581
3,207,062
310,933
$6,489,565
5,700.569
534.389
INCOME ACCOUNT.
Recewls-
1835-86.
Rentals, Interest,
4o
Total income
Disbursetnents
;
tbe following:
Grcis esmlnrs
Operating expenses and taxes
Passenger
$2,50>,472
239,809
$2,730,281
Rentalspato.incl.EastsrnRR 81,36.1,117
Interest on debt
255,410
Dividends
(9a) 665,000
Eastern propor'n under lease.
469.721
Total disbursements
Balance surplus
-
$2,
'5\281
$35,000
1886-87.
$2,6^3,801
299,750
$2,923,551
1887-88.
$3,432,751
386,279
$3,869,030
81,4*1,075
$2,8<i2,902
260,609
296,486
(10)700,000 (10)700,000
510,816
91,153
$2,922,530
$3,910,541
$1,021 def. $31,511
(V. 47, p. 743, 760; V. 49, p. 21, 51, 269, 401,579.)
Boston
4 New Vork Air Line.
Owns from New Haven, Conn.,
to Willnnaniie, Conn., 50 miles; leases Turnervllle to Colchester, 4
miles; total operated, 54 miles. Formerly the Now Haven Middletown
4 Wlllimantic A lease was made in Oct.. 1882, to the N.Y.N. H. Hart.
for 9y years at 4 per cent dividends per year on the pref. stock and
Interest on tbe bonds; the common stock is $336,900.
4
1S*-7 8S.
1888-89.
$8,953,105
6,553,414
$9,012 325
5,975 6u7
$2,399,661
$3,036,718
RR
Boston
R.
I.,
4
Providence. Owns from
44 miles; branohes,20 miles
;
leases,
Boston, Mass., to Provldenoe
Attleborough to North Attle-
November,
RAILROAD STOCKS AND BONDS.
1889.
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G
MAP OP THE
BUFFALO, ROCHESTER
PITTSBURG R. R.
A/
'
/
"
\
Annapolis Jc.
/
Bound Hill
/
turatburg
/^
a
OdcntonJ
'
V
R
G
^^O^ *^
1
AlexandrL
33
SUPPLEMENT.
INVESTORS'
[Vol. XLIX.
Subscriber* "in confer a great favor bj giving Immediate uotlce of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings, 4c,
on first page of tables.
Mile*
of
see note'
Pills.
Oen. M.. (10,000 acres Inndi. r
BuffatoN. Y.* SrtcBtock(7 p.c.rent N.Y.L.E.AW.)
.
o*
1st mortgage
Buff. Roth. <C Pitlsb. 1st gen. M. g.($10,000.000) .o*
K. A P. IstM. Rochester to Salamanca, 108m..
0*
K. A P. Consol. mortgage, $20,000 per mile
R. & P. Equipment bonds (car trust) In 4 serleg.c*
Lincoln 1'aik ,v 'uarl.lst in. for *350,000.gn.,v.o*
Buffalo Southw. IstM. g.lnt.gr.byN.Y.L,E.A.W.O*
.
c
i
Burlttiffton 0. Rapidstt Northern 1st mortgage...
Iowa City West., 1st M., red. after '89. guar., o
,
Ced. Ban. 1 F.4N.W., 1st M.,g.,guar.,rod.aft. 90
c
do
1st M., gold, guar
Oonaol. IstM. A collat. trust, g., $15,000 p.m. c*A r
A
Minneapoll A
Cairo Vincennes
Size, or
of
Par
Road. Bonds Value.
Boston* Pror. Stock, 10 p. c. guar. !>(> yr*.. Old Col
'c
Funding bonds, not mortgage, sink. fd. '90
Bonds to purchase branches, coupon or registered
o
Bradford Bordeil * Kinsua 1st mortgage
Bradford Eldred <t Cuba 1st mort
0*
Brooklyn Kletatedltt m., g., s. f. not drawn
o*
2d mort.. gold, sinking fund not drawn
Union Kiev., 1st M int. gu., $550,000 p. m., g.o*
2d M., Inc. nou-cuiu., $185,000 )<er mile, gold.c'
Buff.Brad.it
Date
8t. Louis, 1st mort.,
(assumed). ...
cc Chic. -1st M.Ms., gold (Wabash)
California Pacific let mort., gold (ext'd'd n t l '_
2d mort., gold, end. by Cent. Pac
3d, mort.g..guar.by Cent. Pac. ($1,000,000 are 3s)
Camden dt Atlantic Stock ($880,100 of it pref.)....
e*
1st mortgage (extended 20 years In 1873)
:
.0*
2d mortgage...
Consol. mort., ($'.50,000 are 5sreg.iut.at offloel.c*
0*
Camden <* Burlington go. 1st mortgage
i
M
L8M
41
24
$1, 000,000
1.000
1,000
1,590,000
500.000
498,000
500,000
3,500,000
1,250,000
3,511,000
500
69
18*1
IS -U
<;!)
1
4-6
4-6
1887
1887
1865
1,000
1,000
1.000
1.000
1,000
1,000
1876
1887
1,000
1,000
1831
1.1
1882
1,000
1,000
l.ooo
26
142
142
*H5
100
AU
108
261
Var's
"in
67
369
73
390
12
266
114
114
114
79
79
79
79
31
UK)
1889
1877 50 Ac.
1876 100 Ac.
1879
1,000
( 18H0
1,000
\
All
Rate per When Where Payable, and by
Outstanding
Cent.
whom.
Payable
$100
1H38
1873
1881
1,000
1884 l.OOOAc
1877 500 Ac
1881
1,000
1.000
1867
1871
1,000
500
1875
50
1853
1,000
1879
1,000
1881
1.000
500&C
1867
Bondt Prtuel
INTEREST OR DIVIDENDS.
Amount
6
6g.
5 *
I*
580,000
7
!l.->0,0<M>
3>s
7
2,380,000
2,041,000
1,300,000
6
3,920,000
6 A7
423.000
5 g.
320.000
1,500,000
g
i
6,500,000
584,000
825,000
1,905,000
5.000,000
S
7
150,000
3,857,000
5g4i g.
2,250,000
1,600,000
6g.
2,898.000 3g.A6g.
1,257,500 W% on pi
490,000
|*
-
If
-
497,000
500,000
350.000
5
if
A6
6
Due-
(oc*-Last
Dlridend.
Oct. 1,
1889
A
do
do
.luiyl, 1918
A
do
do
July 1, 1893
A
Last coup. pd. June, '84 June 1, 1932
A i Last paid July, is- 1. Jan. 1, 1932
A. A O. N. Y.. Cent. Trust Co.
Oct. 1, 1924
J. A J.
do
do
July 1, 1915
M. A N.
do
do
May 1, 1937
J. A J.
do
Jan. 1, 1927
do
J. A J. N. Y. L. Erie A W. RR. Jan. 1, 1896
J. A D. N. Y. I- Erie A W. RR.
Deo. 1, 188f*
J. A D.
do
do
June 1, 1916
M. A 8. N. Y., Union Trust Co. Bent. 1. 1937
F. A A.
do
Feb. 1, 1921
do
do
do
J. A D.
Deo. 1, 1923
Various N. Y., Gallatin Bank.
Various.
J. A J.
N. Y. Uulon Tr. Co.
Jan. 193!)
J. A J.
N. Y., 1st Nat. Bank.
July 1, 1908
J. AD. N. Y., Central Trust Co. June 1. 1906
do
do
M. A 8.
Sept. 1, 1909
a. m o.
do
do
Oct. 1, 1920
A. A O.
do
do
Oct. 1. 1921
A. A O.
do
do
April 1, 1934
do
June 1, 1927
J. A I).
do
Last paid July, '84
Oct. 1, 1931
J. A J.
J. A J. N.Y.,8.Pac.RR,23 Br'd. Jan. 1, 1912
do
Jan. 1, 1891
do
J. A J.
do
A J.
do
July, 1905
8o.4thSt April 16, 1889
Phlla.,Of.,233
Dec. 31, 1892
J. A J. Phila.. Farm. A M. B'k
do
Oot. 1. 1899
A. A O.
do
do
do
J. A J.
July 1, 1911
Feb. 1. 1897
A. Phila.. Penn. RR. Co.
F. A
J.
7
6
Nil.
Boston, at Ofiioe.
Q.-J
4
pal, When
.1
J.
J.
J.
,f.
borough. 4 miles; total operated, 68 miles. Leased for 99 years from Division, 81 miles; Deeorh Division, 23 miles; Iowa Falls Division.
April 1, 1888, to Old Colony RR. at 10 per oent yearly on stock and a 430 miles; Waverly Division, 6 miles; Forest Division, 7 milles; total
bonus of $1,300,000 cash, out of which an extra dividend of $32 50 was owned, 402 miles total operated, 1,046 mile. This company has a perpetual lease of those lines (included above) built by the Iowa City A
paid on stock May 2, 1888. (V. 46, p. 480.)
Cedar Rap.
Clinton,
Bradford Bordell
Klnzaa (3-foot gauge) Mileage from Western, the CedarARap. Iowa Falls A N. W., theShort Line IsAoperated
and the Chic. Dec.
Minn. RRs. The Waverly
Bradford, Pa., to Simpson, Pa., 15 miles; Klnzua Junction to Rew City,
temporarily and the Forest Division fo r five years ending June 22, '92.
2 miles Rew City to Eldred, 12 miles Simpson to Smethport, 10 miles This
company was formed as successor to the Burlington Cedar Rapids
total, 39 miles. Stock is $500,000 In Deo., 1884, default In interest A
Minnesota, foreclosed June 22, 1876.
was made. J. J. Carter, Titusville, Pa., President.
Iowa City A Western bonds are guaranteed as to interest and are
Bradford Eldred
Cuba. Owns from Cuba to Ceres, N. Y., redeemable (after August 31, 1889) at 105. Bonds of the Cedar Rapids
24 miles; operates. Wellsville to Little Genesse, 21 miles, and Eldred to Iowa Falls A Northwestern road are endorsed (endorsement is on the
9 miles; total operated, 54 miles. 8tock, $480,000; par, $100. bonds); the 6 per cent bonds are redeemable at 105 after Oct. 1, 1890,
Ceres,
There are also 2d mortgage bonds for $60,000, 6s, which were due of the 5 per cents $325,000 are reserved to retire the 6 per cents. The
June 1,1885. Foreclosure suit begun in February, 1885. Thos. C. Piatt, oompany guarantees the above bonds. It has also assumed $150,000 of
Receiver, 82 Broadway, New York. (V. 46, p. 537.)
Minneap. A St. Louis 7 per cent bonds due June 1, 1927, as commuted
Brooklyn Elevated. Owns from Fulton Ferry and Brooklyn rental for 12 miles of road leased for 999 years from Minneap. A St. L.
and leases Stock outstanding Is $5,500,000, authorized issue, $30,000,000. The
Bridge via York St., Ac, to Bast New York, 6H miles,
Union Elevated, in operation from Broadway and Lexington Avenue Central Trust Company is trustee of the consol. mortgage, whioh will
to Broadway Ferry, 2\ miles, and Myrtle Avenue to Adams St. and retire all prior and divisional bonds.
Annual report In V. 43, p. 661, gave net Income, Ao as follows:
Brooklyn Bridge, 4^ m.: branch to Greenwood, 3 1-5 m. The capital
stock is $5,000,000 (par $100). If net earnings suffice, a sinking fund of
INCOME ACCOUNT.
one per cent will purchase 2d mort. bonds If obtainable at 90, and after
1887.
1885.
1886.
1888.
1889 a like sinking fund will purchase first mortgage bonds at 105
$
$
$
$
Receipts
no bonds drawn.
Gross earnings...
2,848,076
3,005.962
3,093,513
2,933,309
The Union Elevated 1st mortgage bonds, are guaranteed a? to interest.
780,057
771,447
800,905
The 1st mortgage is for $7,000,000, the 2d for $2,500,000; trustee of Net earnings
903,970
61 ,282
63,25 2
95.789
83,798
both, Central Truet Co. See abstracts in V. 49, p. 583. Union Elevated Other receipts ....
stock Is $1,000,000, par $100. Application in full to N. Y. Stock
Total income
832,729
864,157
875,846
987,768
Exchange was in Ciikonicle, V. 48, p. 129. See also V. 49, p. 471.
Disbursements
It Is expected that a consolidation with the Union Elevated will Interest on debt
767.127
771,130
742,275
749,898
eventually taks place.
140,067
247,669
5H.925
137.77 5
Const'n., equip., Ac.
For year ending Sept 30, 1889. gross earnings were $1,090,326; net,
Tot. disbursem'ts
907,194 $1,018,799
880,050
806,823
396,816; net deficit under charges, $15,850. In 1887-88, gross earnsur.107.718 sur.57,334 def. 31,348 def. 186,070
ings were $768,361; net, $271,984; surplus over fixed charges, $1,703. Balance..
Henry W. Putnam, President. (V. 47, p. 188, 594, 803 V. 48, p. 100, -(V. 46, p. 610, 649; V. 47, p. 472; V. 48, p. 661,687.)
;
A
:
;
;
A
,
J
129, 222; V. 49
p.
269, 471, 690.)
Buffalo Bradford
&
Pittsburg. Owns from
Carrollton, N. Yto Gilesville, Pa., 26 miles. Completed in 1866, and leased to Ne^
York Lake Erie A Western for 499 years. Rental, 7 per cent on outstanding bonds, $40,600 a year. Capital stock, $2,286,400 ; par $100.
Buffalo New? York
Erie. Owns from Buffalo, N. Y., to Corning, N. Y., 142 miles. Leased in 1863 to the New York A Erie for
490 years, and now operated by the N. Y. Lake Erie A West. Co. Rental,
$238,100 viz., 7 per cent on stock and bonds and $5,000 for organization expenses. Dividends and Interest paid directly by the lessees.
A
A
Cairo Vlncennes
Chicago. Owns Cairo to Tilto'n, 111., 258
miles; branch, St. Franoisville, 111., to Vincennes, Ind., 8.; trackage. 12
miles; total, 278 miles. This was formerly the Cairo Division of the
Wabash St. Louis A Pacific. Receiver's certificates for $726,161 have
been issued. All the above bonds were deposited with Anthony J.
Thomas and Charles E. Tracy, bondholders'" committee, preparatory to
taken over" by the consol.
reorganization. In 1889 the property was
Clev. Cin. Chic. A St. Louis. From Jan. 1 to May 31, 1889 (S months),
gross earnings were $273,462, against $274,644 in 1887-88; net,
$76,791, against $67,813. (V. 43, p. 250, 462; V. 49, p. 21, 539.)
Buffalo Rochester A Pittsburg Hallway. (See Map.) Owns
California Pacific Owns from Vallojo, Cal., to Sacramento, CaL,
from Rochester, N. Y., to W ale ton, Pa., 232 miles Buffalo Branch from 60 miles; Adelante to Calistoga, 33 miles; Davis to Knight's Landing,
Ashford to Buffalo, 48 miles; other branches, 8 miles; leases Lincoln 19 miles; total operated. 114 miles. Leased for 29 years, from July I,
Park to Charlotte, N. Y., 10 miles total, 293 miles.
1876, to Central Pacific, but in Nov., 18 *6, new lease for 60 years was
This company was formed in March., 1887. as successor of the Roch made to Southern Pacific Co. Rental, $600,000 per annum, and three
ester & Pittsburg and the Pittsburg & State Line RR., which were fore- fourths of net earnings when in excess of that amount. Capital stock,
closed In Oct. 1835 and purchased by Mr. A. Iselin.
par, $100.
The preferred stock of the consolidated company is $6,000,000 (en- $12,000,000;
Atlantic
titled to 6 per cent dividends, non-oumulative), and common stock,
Camden A Atlantic. Owns from Camden, N. J., to Marl.
A
$6,000,000. In year 1886-87 2>s percent was paid on preferred stock. City, 60 miles; Atlantic City to Longport, 7 miles; Pliil.
Med. RR. Haddonfleld to Medford, 12 miles; total operated, 79 miles.
In Nuv.,'87, a gen. mort. (Trustee Union Tr.Co. of N. Y.) for $10,000,000
5 p. c. SO year b'ds was Issued, $6,000,000 being reserved for prior b'ds. Pref. stock, entitled to 7 per cent if earned, and to as high as paid to com,
lfmorethan7. Penn. RR. owns $234,100 coin, and $451,950 pref. stook.
Fiscal year ends Sept. 30. Report for 1888-89 was In V. 49, p. 650.
Dividends since 1880 have been: On common, in 1882,3 per oent,
1885-6
1886-7
1887-8
1888-9
Receipt*
and none since; on preferred, In 1881, 3"s in scrip; in 1882, 4;. in 1884,
Gross earning;
$1,299,362 $1,916,361 $2,001,156 $2,021,591
7; in 1887, 5; in 1888, 2>; in 1889, 2H- From Jan. 1 to Sept. 30. 1889
Wet earnings
$298,706
$516,975
$447,671
$590,796 (9 month*), gross earnings on main line and bra'dies were $613,197,
Other income
93,650
77,759
30,934
against $582,689 in 1888; net $166,019, against $138,101.
On main lino an I branches in 1337 gross earnings wore $678,644; net,
Total
$390,356
$478,605
$594,734
$590,796 $133, ?>64 surplus over fixed oharges, $56,539; dividends (5 per oent),
Deduct
$13,988. In 1888, gross, $696,128; net, $131,493; surplus over fixed
Interest on bonds
$353,910
$332,106
$153,652 charges, $34,343; dividends (2 >s per oent), $22,001. (V. 48, p. 367.)
$400,350
Interest on debt
928
5,910
14,818
4,992
Camden A Burlington County. Owns from Camden, N. J.,
Rentals
55,200
62,595
74,431
57,899
to Pemborton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Total
$422,415
$189,599
$516,543 Holly, 7 miles; total, 30 miles. Leased to Camden A Amboy Railroad
$408,234
Co.. and now operated by the Penn. Railroad lessees of United Railroad
Balance
def.$17,878 sur.$172,319 def.$10,994 sur.$74,253 A Canal Co.'s lines. Lease rental, $44,415. being 6 per cent on stock
and bonds. Stock $381,925; par $25. Dividends In Jan. and July.
Of this amount. $63,487 were spent for betterments, Ao.
(V. 47. p. 161, 594, 624; V. 48, p. 190, S20, 222, 855; V. 49, p. 21,
Canada Atlantic Owns Ottawa, Canada, to Rouse's Point, Vt.,
207, 050.)
142 miles, with trackage over Central Vermont to St. Albans, 24 miles.
Buffalo A Southwestern. Owns from Buffalo to Jamestown, Has traffic contract with the Canadian Pacific and "Soo" route. Trust" e
K. Y., 67 miles. In July, 1880. leased to N. Y. L. E. A West, for 99 of mort. is Farmers' Loan A Trust Co. $1,000,000 bonds arc reserved
pref. In
rears at 35 per cent of gross earnings, but interest on bonds guaranteed. fortlie bridge. Stock, $2,000,000 common and $l,<)00,0
Rental in year ending June 30, 18*9, *143,776; in 1887-83, $134,518. year ending June 30, '88, gross earnings were $488,244; net, $^00,751.
Stock common, $471,833. and $471,833 7 per cent preferred; par $100.
Canada Southern. Link of Road Main line from Cantilever
Common stock shares dividends aftir 7 on preferred. Paid 8 per cent
226
on preferred for year ending June 30, 1339 and 1 per cent on common. Bridge to Windsor. Out., 17 ui.; branch, Auiherstburg to Essex Centre,
miles; Oil Springs Br., 3 miles; St. Thnina s,
16 miles; Fort Erie Br.,
On Jan. 1 '89, oper- Out., to Courtright, Out., 63 miles; Erie A Niagara, 8 1; SanuaOoatham A
Burlington Cedar Rapids A Northern.
ated from Burlington, Iowa to Albert Lea, Miun. (Including 11 miles Brie, 7; Canada Southern Bridge A Ferry, 4 Toledo Canada Soutiiern A
total of all lines
leased), 253 miles; branches Linn, la., to Postvlllo, la., 94 miles; Mus- Detroit, 56, and Michigan Midland A Canada, 15;
eatlno, la to Riverside. la., 31 miles; Vinton, la., to Holland, la., 48 operated, 436 miles, of which 105 miles are nominally owned by proprieunder separate organizations. Holds practically all the
dies
Iowa City to What Ceer and to Montezuma, 73 miles Clinton tary companies
;
;
;
. . .
;
,
;
;
November,
1889
|
RAILROAD STOCKS AND BONDS.
:ia
SUPPLEMENT.
INVESTORS'
:ti
[Vol.
XLIX.
Subscribers will confer m great favor by siring Immediate notice of any error discovered In these Tables.
Sonde PrinciDESl RIPTION.
INTEREST OR DIVIDENDS.
Miles Date Si/.-, or
pal. When Due,
Amount Rate
For explanation of column headings, Ac, see notes
of
of
Par
per When Where Payable, and by StoektlMKt
Outstanding
on first page of tables.
Boad Bouds Value.
Cent.
Whom.
PayutiliDividend.
1
Canada Atlantic -1st niort.
Canada Southern Stoak
for $3,450,000, gold.. 0'
4 Hud.
142
by N. Y.
C.
.
St.
Lawrence
A Ott.
-1st
"B," $10,000 p.m. (2d on 150m.)c*ir
Consol. mortgage ($15,000 per mile)
Cape Girardeau S. W.- Con. M. for$l ,000,000, gold
Carolina Vent. 1st M.,( WMux. to Shelby, 240 m )o*
2d M. (for $1,500,000), gold. income, uou-cum. .r
3d mort.. gold. Income, non-cumulative
r
Carson * Colorado 1st mortgage. Series "A"
Second Div. M., Ser. "B" June, to Cal. State Une.
Third Dlv. lRt M. Nevada line to Keeler, Cal
1st M., 8er.
Oalatcuua Pref. stock, 7 per cent, guar. P. A R
1st mortgage, assumed by Phila. A Reading
Mortgage bonds
Cavuga <t Sueq.- Stock, 9 p. c. rental D. L. A
Cedar Falls d Minn. Bonds on 2d dlv.. sink, f'd.o*
W
Cent Br.
V. P.
Funded
M. Atch.
1st
Int. (mort
)
$1,000
1,000
l.OOOAo
100
4100 Ac
B2->8S
1881
I8p
H8
msH
500 Ac.
100Ac
100 Ac
100Ao
1889
1KM.1
1.000
1887
eiooAo
A P.
P.
RR ,g.,gold.
o
50
75
1886
1886
$1,000
1,000
94
240
240
240
158
34
107
98
1888
i'.obo
1881
1881
1881
1,000
1,000
1.000
1,000
1,000
1
93
34
61
100
bds. (coup, held in trust) gold, cl
1881
1883
1383
1882
1870
"so
Ac
500
30
1866
1865
1879
stock and bonds of the Can. So. Bridge and of the Tol. Can. So.
500AC
1
,000
1.000
A Det.
railroad companies.
New York
2.450,000
?5,000,000
100
mort
1st M.,ser. A $10,000 p.m. c"&r.
Cp. Fear d Yad. Vol.
1*89
1878
1883
430
RIV.c, 404
2d mortgage
oAr, 404
Canadian Pacific Stock (guar. 3 p. e. dlv. till '93).<8,O70
Can. Cent. RR. 1st A2d inort8.,lst M.s.r.dr at M)5
Quebec Prov. due on Q. M. O. A O. and N. 8. RR.
Land mortgage bonds, gold (redeemable at 110)..
1st mort. debent. sterling
.850
1st mort on Algoma Branch. 750,000
c*4r
183
Land gr. bds.. not d'rn, Int. gu. by Can.Qov'i.o"Ar
Consol. perpetual debenture stock
Manitoba B.W.Col.Ry, $12,000 p. m.. Int. guar..g. 213
Atlantic A Northwest
1st M. g., guar
o*Ar 3-25
No. Shore R'y. 1st mortg
1st niort., Interest guar,
1>4
14.000,000
6,000,000
65.000,000
1,749.833
7,000,000
3.442.000
5
6
A
6
5
Montreal.N.Y.orLondon
London, Baring II. A Co.
do
do
do
do
London.
N.Y.,S9Wall A London.
London.Baring Brs. ACo
do
do
34.998.ti33
3,650,000
15.000,000
903,375
2.544,000
6,472,667
436.053
973,333
1,500,000
734,000
400,000
2,000,000
1,200.000
1,500,000
2,250,000
510,000
1,620,000
3,200,000
230.500
1,300,000
589,110
1,377,000
1,600,000
630.000
5 K
3sg.
4
A D. N.Y., Farm. L.A Tr. Co
do
A D.
do
"e"g. M.AS. N.Y., Bk. of Commerce
6g. J. A J. Phila., Median. N at. Bk.
6g. J. A J.
A. A O.
6* J. A J.
New York,
A J.
6
do
A J.
do
M. A N. Philadelphia Co.'s office
"i'h,
F. A A. Phila.. PhHa.A Read. Co.
6
7
A A.
do
do
4>
A J. New York. 52 Wall st.
7
A J. Last paid July, 1887.
2*
6g.
6g.
7
-.
1889
1908
1913
1889
1910
1904
1, 1931
1, 1916
1, 1937
1, 1938
do
do
Mar. 1,
N.Y.,59WallSt..ALon. An*. 17,
Montreal.
1899 A
do
1902 A
1>S
5
Jan. 5, 1909
Citv.
N. Y., Grand Cen. Dep. Aug. 15,
N. Y.. Union Trust Co. Jan. 1,
J.
J.
Ma
M.
A
Oct.
July
July
July
Irreemable.
June
1,
Jan.
1,
1934
1937
April 20, 1904
June
June
June
1910
1916
1916
15,
1,
1,
Sept. 1, 1908
1920
1915
1910
July, 1911
July 1, 1913
July 1,1918
Nov. 18, 1880
Feb. 1, 1902
Feb. 1, 1900
Jnly 3, 1889
Jan. 2, 1907
N. N. Y.,195B'yAUn.Tr.Co May 1, 1895
N.
do
do
May 1, 1895
July
July
July
1,
1,
1,
i.ira i-ili an Southwestern. (Sec Map.) Owns from Cape
Girardeau. Mo., to Hun ier, 94 in, and leases Hue to Zalma, 9 m., total
operated, 109 in., to a Western connection with the Current River RR.
The consol mort. was Issued to complete the road - bonds being reserved
to retire the Divisional bonds when due, of which only $80,000 remain
outstanding. Mercantile Trust Co., trustee of the mortgage. In 1888
gross earnings, $126,908; net $64,501. President, Louis Houck, Cape
Cape
The Canada Southern Railway Company was chartered in Canada
February 28, 1868, and debt readjusted by Aot of Parliament in
1878. Interest on the 1st mortgage is guaranteed by the New
York Central Railroad Co. till 1898 but the principal Is not guaranteed. In Nov.. 1S82, a close contract was made with the Mlchtgar.
Central for 21 years from Jan. 1. 1883. providing for the payment to Girardeau. Mo
Canada Southern of one-third the joint income over all fixed charges.
Carolina Central. Owns from Wilmington, N. C.,to Rctherfordton,
but Dichigau Central, by reduction of Its interest charges, now receives
N. C, 267 m., an I branch, 9 m
total, 276 m. Formerly Wiini. Char.
more than two-thirds.
A Rutherford, chartered In 1855, and foreclosed May 3, 1873. DeDividends since 1880 have been In 1881, 2^ peroeu*-; In 1882, nil
in 1883 andl884,2: in 1885 and 1886, nil; in 1887, 188 i and 1889, 2>s. faulted, and receiver placed in possession AprU 5, 1876. Sold In foreIn 1888 the surplus to C. 8. was $339,161; for 1887, surplus, $510,- closure May 31. 1880, for $1,200,000. ControUed by Seaboard A Roan
870. For latest reports of earnings see Michigan Central. (V. 46, p. oke and Raleigh A Gaston. Stock, $1,200,000. In year ending March
31. 1883, gross earnings were $527,199; net, $157,402; surplus over 1st
783, 80*; V. 47. p. 80:; V. 48, p. 588, 763, 854.)
mort. interest, etc., $5,967. In 1889, flscalyearcljaugeitoend June 30,
Canadian Pacific. The main line extends from Montreal to Van- There are also $247,000,lst M. 7 p. c Wilmington R'y Bridge Co. bouds,
couver on the Pacific coast In British Columbia, 2,906 miles. There are due Oot. '89 to 1897, and $100,000 2d M. 5s, due 1898-1900, both issues
branches and auxiliary Hues owned of 926 miles, and 1,242 miles of being guaranteed by the Carolina Central, the Wil. Col. A Aug. and the
leasea lines, making the whole system .5,075 miles.
(See details in Wil. A Weldon roads.
Cukonicle, May 25, 1889. The road was opened throughout the first
Canon Colorado. (3 foot gauge.) From Mound House New, to
of July, 1886.
Candelaria, Nov., 158
The Canadian Pacific Was Incorporated February 18, 1881. under a total 299 miles. Road miles; Junction, New, to Keeler, Cal., 141 miles
follows the vaUeys along eastern side of Sierra
Charter from the Dominion of Canada. The company had au important Nevada
Mountains. Stock, $6,380,040 authorized; $2,760,000 issued.
contract In Its charter, reoeivlng from the Government $25,000,000 hi No
information furnished. H. M. Yerington, Pres't, Carson. Nev.
cash as a subsidy, also 25.000.000 acres of land, all to be fit for settlement. In Nov., 1883, the Dominion Government gave a guarantee of 3
Catawlssa. Owns from Tamanend, Pa., to WHUamsport, Pa., 94
cent dividends per annum for ten years on $85,000,000 of stock. miles; branch. Summit Statiou to Silver Brook, 4 miles total operated,
KrMay, 1838, the company voted to relinquish its exclusive right to 98 nrHes. Leased from Nov. 1, 1872, for 999 years to PhUadelphia A
build and operate in Manitoba, receiving the Dominion Government Reading. Rental, 30 per cent of gross earnings and $3,000 a year for
guarantee ot interest on $15,000,000 of land grant bonds These bonds company expenses. Funded debt was assumed bv lessees. Seven per
For 3,093,700 are a Hen on 14,934,233 acres of land subject only to oent Is guaranteed on the preferred stock. The common stook is
$3,442,000 land grant bonds of 1831.
$1,159,500. (V 48, p. 4S1, 799.)
The consol. debenture stock was Issued in October, 1889. (See
Cayuga tc Susquehanna. Owns from Susquehanna River to IthaChronicle. V. 49, p. 116.)
miles. Leased in perpetuity to Dela. Lack. A West, at a rental
ca.
The Manitoba Southwestern Colonization Railway, extending from of N. Y., 34a
$54,600 year. Dividends on capital, 9 to 9^ per oent per annum.
Winnipeg southwesterly, is leased for $600 per mile yearly, Interest on
Cedar Falls A Minnesota. Owns from C. F. A M junction on
bonds being guaranteed.
To the Atlantlo A Northwest RR., crossing the State of Maine, the the D. A S. C. RR.. near Cedar Falls, la., to Minn. State Line, 76 miles.
Dominion Government grants a subsidy of $186,000 per year till 1906 Leased to Dubuque A Sioux City for 40 years from January 1, 1867,
and Can. Pac. guarantees the balance of money necessary for interest. at $1,500 per mile as a minimum and a contingent of 35 per cent of
The lands in possession of the company unsold Deo. 31, 1888, were gross earnings from $3,500 to $7,500 per mile and of 30 per cent ot
16,166,960 acres. The land bonds of 1931 are receivable for lands and any excess over $7,500 per mile; minimum rental Is $113,370 per annum.
The Dub. A 8. C. was acquired by IU. Central through pur-chase of
may be paid off at 110.
Dividends since 1882 have been In 1883, 2a per oent; in 1881, 5; stock in 1837, and a suit is pending to annul the lease of this road.
Interest was defaulted January, 1888.
in 1885, 4; from 1886 to date, at the rate of 3 per cent yearly.
Capital stock. $1,586,500.
From January 1 to Sept. 30, 1889 (9 months), gross earnings were J. Kennedy Tod, President, New York. (V. 45, p. 819, 855; V. 46, p.
;
:
:
;
A
;
;
:
$10,650, 185, agst. $9,371,429 In 1888; net, $3,972,593, agst. $2,292,879.
The annual report for 1888 in the Chboniclb, V. 48, p. 661 and 689,
showed the following
1886.
1887.
1888.
Miles operated Dec. 31
4,464
4,960.
5,075
:
Earninat
Passenger
Freight
Mall, express and mlsc'us.
Total earnings
Operating expenses
Net earnings
Per ct. of op.exp. to earn'gs
$3,170,714
6.112,380
798,710
$3,453,818
6,924,130
1,228,465
$3,800,884
8,017,314
1,377,338
$10,081,804
6,378,317
$11,606,413
8,102,295
$13,105,536
9,324,761
$3,703,487
$3,504,118
69-81
$3,870,775
70-66
6326
INCOME ACCOUNT.
$3,703,487
3.068.042
1888.
$3,870,775
8,544,351
$635,445
Surplus.
$253,854
$326,424
(V. 47, p. 50, 170, 472; V. 48, p. 250, 398, 427, 633, 1661, 688, 689;
V. 49, p. 116, 173, 539, 689.)
Cape Fear
A Yadkin
H
Valley. In operation from Fayetteville,
to Bennettsvllle, 8. C, 57 miles; Favettevllle, N. C, to Mt. Airy,
miles; Factory branch, 10 in.; Madison branch, 10 miles; total,
miles. Projected, Fayettoviile to Wilmington, 80 miles; to be coinby 1390; 1st M. covers this division only, in addition to the two
Sleted
lvislons now in operation. Series " B" bonds are a 1st mort. on road
from Greensboro to Mt. Airy and a second on the other two divisions.
New consol. bonds at $15,000 per mile ha ;e been authorized, to take up
the prior bonds, build extension, Ac. North State Improvement Co.
was entitled to 2d mort. income bands on main lino and branches, but
the new consols will be given lnsteal. Stock is $1,193,266 (par $100).
April 1 to Oot. 31 (7 mos,) gro
earnings were $221,178 in 1889, agst.
181,908 in 1888, net, $5,072 agst. $80,973. In year ending March
f 1,1 883, gross earnings were $291,590; net, $142,774; In 1888-89 gross,
$347,635; net, $162,397; surplus over Interest, $70,397. (V. 46, * 319;
' p.
V. 43, p. 547, 703, 799.)
C,
C 167
244
N.
Central BrancJi
I!
iiiou Pacific
C See
Map Mo. Pae.) Owns from
Atchison, Kan., to WaterviUe, Kan., lOO miles; leases Atchison Col A
Pac. 254 miles ; Atch. J. Co. A W., 34 miles; total operated, 388 miles.
The Un. Pac. Cent. Branch was formerly the Atchison A Pike's Peak RR.,
and was one of the roads embraced In the act of Congress incorporating
The stook is $1,000,000, of which the Uuion
the Union Pacific RR.
Pacific owne $858,800. The company received a Government subsidy
of $1,600,000.
It is operated as a part of the Missouri Paclfio
system under a 25 years lease, made Sept., 1885, by which the net earnings are paid to Union Pacitto as rental. From Jau. 1 to Sept. 30 (9
months), gross earnings were $566,776 In 188 .). a-rolnst $657,059 In
In 1888, gross earnings,
1888; net, $128,515, against $54,941.
$908,324; net, $81,200; deficit under Interest, Ac, $342,018. la 1887
earnings, $1,439,460; net income, $383,579. Dividends prior to
gross
ourrent year have been: In 1885, 5 percent; in 1886, 10; in 1887, 10;
In 1888, nil. (V. 46, p. 321.)
A
RR. Banking Co. of Georgia. -(See Map.) Owns
to Atlanta, Ga., 294 in.; branch, Gordon to MU17 m.; leases in perpetuity Augusta A Savannah RR., 53m.;
ledgevUle,
Eatonton Branch RR., 22 m. Southwestern RR. and branches, 333
miles; leases till 1985 .Mobile A Girard RR., 85 miles; controls by ownership of stook Savannah A Western RK., 370 miles; Montgomery
A Eufiiula RR., 80 miles; total operated and practically owned
Aug. 31, 1889, 1,254 miles.
Auxiliary system (the earnings of
which are reported separately) includes, besides other lines, Western RR. of Alabama, 138 miles; Georgia RR., 307 miles; Port
Royal A Augusta, 112 miles; Atlanta A West Point, 87 miles; Port
Central
1887.
$3,504,118
3,250,264
1806.
Net earnings
Fixed charges
74, 102, 199, 288; V. 48, p. 489.)
from Savannah, Ga.,
;
A West. Car. 229 miles, and Saw G. A N. Al., 60 miles, and embraces in aU, 984 miles. Grand total of Cent.
mileage, 2.238 miles.
Also owns entire stock of Ocean S3. Co. Iu the auxiliary lines the Central RR. owns part interests, either half or greater, represented Aug. 31,
1838, by $3,461,641 stocks and $>,U9,700 bonds or mortgage notes.
In 1881 the Georgia RR. was leased for 99 years in the interest of this
company and the Louisville A Nashville, which operate it on joint account. This-company and the Georgia RR. Co. are joint owners of the
Western KR. of Alabama, 138 miles. For abstractor deed and securities deposited for the collateral trust bonds (Central Trust Co. of New
York, Trustee), see V.45, p 242.
The Central RR. A Banking Co. Is controlled by the ownership of a
majority of its stock by the Georgia Company, which In turn is owned by
the Richmond <fc West Point Terminal, giving that .company oontrol of
"
the Central Georgia system. (See V. 47, p. 499)
(j
Royal
RR
.
November,
1889. J
RAILKOAI) STOCKS
AND BOKDS,
s'i
INVESTORS'
36
SUPPLEMENT.
[Voi..
XLIX.
Subscriber* will confer a crest faror by glvlus Immediate notice ot any error discovered In ttaeae Tables.
DESCRIPTION.
Miles Date
of
of
For explanation of column headings, Ac, see notes
Road. Bonds
on first page of tables.
Cent. Br. V. P.tOon.)2A mort. (Gov. subsidy)...
2,238
Central R. R.d Hank, Qa. Stock
o*
020
General mort. "tripartite" bonds
Collateral trust bonds, gold, redeemable at 110. c*
Certs, of debt, payable at option after July, '91
OoeanSS.Co., 1st M., guar.. s.f. $100,000 yearly.
.
.
Central Massachusetts \*l M. Int. guar.by B. AL..0*
Cent. New Eng. it Weet. IstM. for $2,500,000. ..o*
cifra/ of Hew Jereey Sloe* ($30,000,000 author )
Gen. mort. for $50,000,000 gold (reg. Q.J.) . .oAr
1st mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage
Am. Dock A Imp.Co. 1st M.,guar.,redecm.at HO.c
.,
l<eli. Coal A Nav
mort., gold, assumed
N. Y. A L'g Iiranou 1st m. red. In. '99 at 110, g..o*
c*
N. J. Soutiern 1k< mort
Long Brancb A Sea Shore,
1st mort., guar
Debenture bds., coin, into stock till 1907....
(*or
t
fll-if
o'
"4
Central OAto^-Stock '$411 ,550 of this Is pref .)
1st mort. bonds, sinking fund
e
Consol. lstmortg. (for $2,850,000), gold
Central Pacific Stock
1st m., gold, (2 sink, f, $50,000 each), not drawn.
lstm.S.Joaq'nVal.Br., g. (s.f. $50,000) not drawn.
U. S. Loan, (2d lien on certain terms) gold
W'nPac.,lst,s.f.,g.notdr'n($lll,000,JAD,due'95)
West. Pac., Government lien, gold
Cal. A O., 1st M.,si-r. A, g. (ext'ed) Is. f.notdr'n
do ser. B, g.
Do
J
$100,000.
Land grant 1st mortgage bonds, not drawn, gold.
M.l.gr.,lst on 17m. 2d 6nl,244m.,g.s.f.,notdr.. o
pentral of Vt. Consolidated KR.of Vermont.lst
99
55
651
Bite, or
ar
alue. Outstanding
VaT
66-7-8 $1,000
100
1872
1887
1,000
1,000
n
2,0:>0,000
1
;
1886-7.
1887-8.
1888-9.
Expenses
$4,421,680
2,441,814
$4,874,960
2,801,257
$5,107,595
3,316,266
Net earnings railroads
Net earnings steamship cos
Net bank and investments
$1,979,865
274, 194
35,581
$2,073,703
526,201
119,016
$1,791,328
476,454
169,612
$2,718,920
$2,437,395
1,653,729
inc. over fixed charges.
$928,554
$783,665
(V. 46, p. 37; V. 47, p. 50, 2C6, 274, 284. 285, 410, 499, 664; V. 48. p. 99,
127, 486, 547, 729; V. 49, p. 527, 541.)
Central Massachusetts. Owns No. Cambridge to Northampton,
Mass., 99 miles. Formerly the Massachusetts Central, sold in foreclosure
September 1, 1883. The stock is $7,245,988, of which $3,852,088 Is
preferred. Leased to Boston A Lowell for 99 years from Oot. 1, 1886,
at a rental of 20 per cent of gross earnings up to $1 ,000,000, but with a
guarantee of suSfolent rental to pay interest. (V. 45, p. 642.)
Central New England A Woiern,- (See Map.) Owns from
Campbell Hall across the Hudson River at Poughkeepsie to Silvernails, 55 miles. Leases Hartford A Conn. Western, Hartford to Rhinecliff, 108 miles, and operates the Pouglikeepsie Bridge line, 3*a m.;
total, 166 1* miles. Extension to Springfield, Mass., in progress. This
company was organized in July, 1889, by a consolidation of the Hudson Connecting KB. and the Pouglikeepsie A Connecticut RR. The
lease of the Hart. A Conn. West, is for 2 per cent per annum on the
stock ($2,627,300) and interest on the bonds. The mortgage covers
the road from Campbell Hall to Silvernail8, excepting line of Pough
keepsie Hiidge Co; also covers real estate equipment, Ac.; also the
rights in the lease of the H. AC. W. Rtt. and 13,000 shares of that Co.'s
stock. Fidelity Ins. IrustASafe Dep. Co. of Phila., Trus'ee. John 8.
Wilson, Pres., 115 Broadway. (V. 48, p. 580, 688; V. 49, p. 82, 173.)
Central of New Jersey. (See Map) Owns 36a miles, leases in
perpetuity 230 miles and operates 36 miles total, 628 miles. In addition owns the Delaware A Maryland system. 48 miles, and ferries and
;
steamer lines, 33 miles; in all 70a miles. The principal leased line is
the Lehigh A Susquehanna and branches, 181 miles. (See Lehigh Coal
A Navigation.) The minimum rental of Lehigh A Susquehanna is
$1,885,800 till 1893, and after that $2,043,000. The New York A
Long Branch Railroad stock and New Jersey Southern Railroad stock
are owned by the Central of New Jersey, and their bonds are included
in its debt. A majority of the Lehigh A Wilkesbarre Coal Company's
stock is held by Central of New Jersey, and of the #11,500,000 Lehigh
A Wilkesbarre Coal consol. 7 per cent bonds, $6,116,000 are held by
Central of New Jersey and receive interest after all other bonds are
satisfied. The entire capital of the American Dock & Improvement
Company, $3,000,000, is owned by the Central of New Jersey Railroad
Company, and the bonds may be drawn at 110.
Receivers were in possession from Jan. 1, 1887, till Jan., 1888, when
the road went back to Its owners. Dividends were resumed Aug., 1889.
Of the general mortgage of 1887 (see abstract of mortgage V. 45, p.
402) $14,142,500 is reserved for other issues. Trustee of consolidated
and general mortgages is Central Trust Co. of Ne.w York. The general
terms of reorganization, Ac, were given in the Chronicle, V. 44, p. 714,
716.
Dividends since 1882 have been In 1883, 1Lj pen cent; in 1884, 4Lj;
In 1889, 3.
From January 1 to Sept. 30, 1889 (9 months), gross earnings were
9,908,315, against $9,709,825 in 1888; net *
$4,385,776, agaiust
$4,383,920.
The report for 1888, in V. 48, p. 426, showed the following
EARNINGS AND" BXPBN8ES.
1888.
1887.
Earning!
Passenger
$2,269,615
$2,207,574
Merchandise freight
3,128,674
3,395,774
Anthracite coal
__
7,500,652
5,632,728
I?
Express
165,139
80,797
United States mail
24,498
23,533
Miscellaneous
88,891
81,266
,
:
:
Operatiug expenses and taxes
Net earnings
Per cent of expenses to earnings
*13,177,472
7,204,067
$11,424,674
6,125,772
$5,973,404
54-68
$4,998,902
5621
'97. '98
1
A O.
do
do
A J.
U. 8. Treasury.
A J. N.Y.,8.Pao.Co.,23Br'd
Various
U. 8. Treasury.
J. A J. N.Y.,SPac.Co.,23Br'd.
New York A London.
J. A J.
A. A O.
do
do
A. A O. N. Y. A San Francisco.
J. A J. Bust. .Am. LoanATr.Co.
A.
I.
J.
1, 1900
1895 to '98
1, 1899
July
1895 A 1899
Jan. 1, 1918
Jan. 1. 1892
Oot. 1, 1890
April 1, 1939
June 30. 1918
Oot.
INCOME ACCOUNT.
1888.
$5,973,40*
1,507,159
$7,480,564
Receipts-
Net earnings
Inoome from investment'
Total net income
Disbursements
on debt, car trusts. Ac
$2,860,113
Proport'n of eam'gs due under
leases of the L.A Sus.RR.Ac. 1,862,126
4,712.440
$2,758,123
Surplusfor the year
1887.
$4,998,902
$4,098,902
Int.
(V. 4f, p. 108; V. 48, p.
Exo. of
Total
987,000
6004m.
1,000
1,000
1,000
1,000
.
A
Dividend.
1896,
D. N.Y.Kcssler ACn.ASav. June 29, 1889
I N. Y.KeslerAOo.54Wall Jan. 1, 1893
M. A N.
do
do
May 1, 1937
*
Savannah, Ga.
Alter
'81
:!:
I N.Y.KesslerACo.54Wall Jan. July1892
1,
A. ,V O.
Boston Co 's Office.
Oot. 1, 1906
M. AS. Phila. Fid. Ins.ATr.Co. Sept. 1, 1939
Q.-Feb N. Y., 119 Liberty st.
Aug. 1, 1889
J. A J.
do
do
July 1, 1987
F. A A.
do
do
Feb. 1, 1890
M. A N.
do
do
Nov. 1, 1902
do
do
Q.^I.
July 1. 1899
J. A J.
do
do
July 1, 1921
J. A D. Phila., Leh.C.ANav.Co.
Dec. 15, 1897
J. A J. N. Y.. 119 Liberty 8t.
Deo., 1931
J. AD.
do
do
July 15. 1899
do
J. A D.
do
Dec. 1, 1899
M. A N.
do
do
May 1, 1908
Phila.. Guar. Trust Co. 1891 A 1892
J. A J. Bait., at B. A O. office.
July 31, 1889
M. A 8.
do
do
Sept., 1890
M. A S. NY., Union Tr, A Bait. Sept. 1, 1930
F. A A. N.Y.,8.Pac.0o.,23brd. Aug. 1, 1889
do
J. A J.
do
1895, '6, '7A'8
18,563,200
30,460,000
5,000,000
1,167,000
'97
3,836,000
5,000,000
500 Ac
2,310,000
,000
1,500.000
600
78
1,590,600
197.000
1.000
680,000
1,000
503,000
"so
137
2,860,048
137
1,0(10
2,500,000
137 1886
1,000.000
1,000
100 68,000,000
1,360
737 1865-8 1,000 25,633,000
146 1870
1,000
6,080,000
737
25,883,000
147 1869
2,735,000
1,000
123 1869
1,970,000
296 1868
6,000,000
1,600
296 1872
1,000
5,865,000
1870
2,250,000
1,000
1889
1.000
10,082 0(10
1,260
185 1883 100 Ac.
7,000,000
"74
U.S. Treas., at maturity.
i
I
100
1887
1869
1872
1874
1881
1867
1882
1879
1869
1383
whom.
Payable
J.
1,-80,000
4.600.000
Dividends since 1881 have been: In 1882.8 per cent; In 1883. 7ks
5; in 1885, 4; in 1886. 6; in 1887, 8; in 1888, 8; in 1889, 0.
From July 1.18fc9,to Sept. 30, 1889, (3 months), gross earnings were
$2,004.638 against $1,674,147 in lk88; net, $489,046, against
$589,876; ret, including investments, $501,837, agaiust $594,385.
Fiscal year ends June 30 (changed from August 31 in 1888.) Pri sident's report for 1888-9 was in V. 49, p. 541 see also article, p. o2Tr*
Total net income of company $2,289,641
Less interest and rentals
1,361,087
Cent.
499.ooo
100
1882
1886
1839
Bonds PnnolINTERE8T OR DIVIDENDS.
pal, When Due.
When Where payable, and by Slocks Last
Rate per
$1,600,000
7,500.000
l.OOO
1,000
1,000
lgfl
In 1884,
Gross earnings
Amount
487, 827;
4.577.862
$421,040
V. 49, p. 144.)
Central Ohio. Owns from Bellaire, Ohio, to Columbus, Ohio, 137
miles. Leased to the Baltimore A Ohio till 1 926, with option of renewal
by the lessee rental, 35 per cent of gross earnings, with minimum
guaranteed rental of $166,000. Sinking fund for 6 per cents held
Nov. 30, 1888, $791,000 company's bonds given above as outstanding,
and other securities valued at $163,682. The consolidated mortgage
(Mercantile Trust A Deposit Company of Baltimore, trustee.) is for
$2,850,000. In 1888-89 gross earnings. $1,255,751; net, $280,137; loss
The road between Newark and Columbus (33
to lessee, $192,895.
miles) Is owned jointly with the Pittsburg Cincinnati A St. Louis RailStock dividends on common stock since 1880 have been : In
road Co.
1881, 6H; in 1882 and since, 6 per cent yearly. (V. 48, p. 70.)
Central Pacific (See Map of Southern Pacific.) Line of Road
Main line San Francisco, Cal., to Ogden, Utah, (including 1 1 miles
leased), 883 miles; Lathrop to Goshen, 146 miles; Rosevllle Junction to
Oregon State Line, 296 miles; other lines 35 miles; total operated and
accounted for Jan. 1, 1889, 1,360 miles.
The Charter, leases, Ac The C. P. was a consolidation (Aug. 22,
1870) of the Central Pacific (organized Oot. 8, 1864), and other railroads.
This company reocived the Government subsidy, but inteie<t Is not payable to the Government till the bondi mature. The "Thurman" act of
May 8, 1878, directed that the charges for Government transportation
should be withheld, and also that the company should pay $1,200,000
yearly to the Government for the sinking fund of its debt, or enough
thereof to make all the payments equal 25 per cent of the net earnings
each year. December 31, 1388. accrued interest due the Government
amounted to $32,611,838, and par value of securities in United States
Government sinking fund was $2,819,906.
In March, 1885, the Central Pacltlo lines were leased to the Southern
Pacific Company. The Cent. Pacific receives all its net Bin plus Income
above annual charges of every sort and betterments, and a minimum
rental of $1,360,000 is provided for by the lease.
Stock and Bonds Dividends have been In 1877, 8 per cent; 1880;
6 per cent 1881, 6 1882, 6 1883, 6 In 1884, 3; iu 1888, 2 per cent,
In 1880;
Prices of stock since 1879 have been:
in 1889, 2.
6397!s; In 1881, 80*102V. in 1882, 8238S97is; in 1883, 61 *88
in 1884, 3067%; in 1885. 26ia49; in 1886, 33a51;in 1887, 23 Lj 34339;
in 1888, 26>r37>s; and In 1889 to Nov. 22, inclusive, 33 s 36%. Issues
of bonds have sinking funds (see chronicle V. 48, p. 311), and these
sinking funds are invested mainly In the bonds of other tributary lines
and accumulate; the bonds are not called in. The sinking funds
amounted Jan. 1, 1889, to $6,533,657. The land grant bonds are purchased with ptoeceds of land sales. In October, 1889, the Co issued
$16,000,000 five per cent bonds, secured by all its railroads and land
grant, to take up $8,822,000 sixes of 1936, the remainder of the land
bonds of 1890, and[for other purposes. Metropolitan Trust Co. of N. Y.,
trustee
(V. 49, p. 340.)
The Land Grant. The total land granted the Central Pacific and the
California A Oregon companies was about 12,000,000 acres, of which
abont 2,470,000 acres had been sold toDeo. 31, 1887. In 1887 231,562
acres were sold for $10,324 and total cash receipts of Land Department were $495,946. Land contracts on hand Jan. 1, 1888, $lrl 17,408.
Operations, Finances, Ac First dividend under the lease was paid
Feb. 1, 1888.
From Jan.l to Sept.30 in 1889 (9 mos), gross earns, were $11,669,789,
agst. $11,610,295 in 1888; net, $4,271,650, agst.$ 1,754.712 In 1888.
The annual report for 1888 (Chronicle V. 48, p. 762) showed gross
earnings $; 5,833,833; net profit due Central Pacific Railroad *!62,;
:
;
;
;
;
balance duo from So. Pacific (to inakeguaranteedreutall $397,170.
21,140, 352, 410, 531, 624; V. 48. p. 209, 311,688,
762: V.49, p. 341.654.)
Central of Vermont. -This oompany was organized in April,
1873. under a charter from Vermont. It has no road of its own, but
operates a laiga mileage under lease. The Consolidated Kli. of Vermont .was organ zed July 1, 1884, embracing the former Venuout, Central and Verm nt ,v Canada properties, and was then leased to *:he Central Vermont. The stock of the Consolidated Vermont is $750,000 preThe stook of the
ferred 6 per cent and $300,000 common.
Central Vermont Is $1,000,000. anil it operates under lease
the following roads: Consol. RR. of Vt. Windsor to Rouse's
Point, 158 miles; Essex June, to Burlington, 8; Swanton Juno, to
Province Line, 11; Rutland RR. Bellows Kalis to Burliugio.i, 120
Addison RR. Leicester June, to Tlconderogu, 15 j Montreal A Vt.
-8, 3. A
Junction ProN line Line to 8t. Johns, 23 8. 8. A Chambly
Rouse's Point
C. June, to Waterloo, 43 Ogd. A Lake Champlaln RR.
to Ogdeusburg, 118; New London A Northern RR. Brattleboro to
New London, 121; Brattleboro A Whitehall RR. Brattleboro to Londonderry ,36; Mtpelier A White Riv, RR. M'tpeller to Winstowu, 13 Bur-
831
;
(V. 47, p.
;
;
RR
;
;
November,
1889.]
JRAILROAD
STOCKS AND BONDS.
37
SUPPLEMENT,
INVESTORS'
38
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A
November,
RAILKOAD STOCKS AND BONDS.
1889. J
41
Subscribers will coarer a great favor by slvlnv; Immediate notice of any error discovered In tliese>Tables.
Bonds PrinoiINTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
pal.When Due.
Amount Rate
of
of
Par
When Where Payable, and by Stocks Last
of column headings, Ac, see notes
For explanation
per
Road Bonds Value. Outstanding
whom.
Cent.
on first page of tables.
Dividend.
Payable
Char. Olnn. <t Chic 1st M., g., ($25,000 p. m.)..c*
Charleston < Savannah Gen. M, $1,500,000, g...e*
1st & 2<l pref inoomes, $ 1,000,000 eacb,non-cum.
Charlotte Columbia *fi Augusta Stock
mortgage consol
2d mortgage
Columbia A Augusta 1st mortgage
1st
c
Consol. mortg., gold (for $3,000.0001
lst,g.($2,240,000)$16,000p.m.c
Ohartiers 1st mortgage
Chesapeake < Kash -1st m., g.,$25,000 p.m. s.f...o*
Chesapeake < Ohio Pureh. money funding bonds.c*
ChatUiome<tCol.
i
c*
1st mortgage, gold, series "A"
1st mort., gold, of 1911, Peninsula Extension, e*
1st mort., gold, of 1922 on ext. (for $3,000,000).c
o* & r
Consul, mort. for $30,000,000, gold
e*
Equipment trust bonds
O.o*
Elevator Co. 1st M., prin. & int.guar. by C.
o*
Income, 2d mort., lor $f.00,000, non-cum
) .0*
Vhes. Ohio < Southwest. 1st Hi., g. ($19,000 p.
c*
2d mortgage ($11,000 per mile)
Pa<luc.& Eliz.,lst M.. s.f.,dj'n at 100($300,000 8s)
trust bonds for *2.000,000, not dr'n.o*
Equipment
1887
1*86
1886
StocK, preferred ($53,300 is com.)
Bonds, not mort., $550,000 due July 1, 1898... c
Ohxago A Alton Common stock
Preferred st'ck (7 t>. e. y'rly not cumulative)
Gen. mortgage, sterling, for A900.000
CAes'. 're
1st
mortgage
JolietA Chic, 7 p.c. stock, perpet. guar, by C.A A.
8t. Louis Jacksonville & Chic, 1st M.. assumed.
do
1st M. end. by Chic.A Alton
do
do
do
2d M. endorsed by
C.
AA
500 Ac
373
191
191
140
23
35
428
503
75
8
655
Var.
&
m
$1,000
1,000
1,000
100
1869
1872
1865
1883
1887
1871
1887
1878
1878
1881
1882
1889
121
121
1888
1888
1881
1881
1877
1882
352
352
186
"64
1,000
l'.OOO
1,000
1,000
1,000
1,000
1,000
1,000
500
&c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
;
76- 78 500 Ac
849
849
322
220
38
150
37
37
100
100
1873
1862
1,000
1,000
1864
1864
1868
1,000
1,000
1,000
100
Ungton & Lamoille RR., Burl, to Cambridge June, 34 miles;
Mississquo
1
Valiev RR., St. Albans to Richford.Vt., 28 miles total, 731 m. In Sept..
1888,'leased the Missisquoi Valley R.R., at 4 per cent on $500,000 stock,
payable Jan. 1 and July 1.
Annual report for 1888-89 was in Chkomcle. V. 49, p. 653.
In year ending June 30, 1889, gross receipts, $4,780,913; net
earnings, $1,422,178; ba auce over rentals, taxes. inierest, etc.,
In 1887-8 gross, $4,773,373; net, $1,356,751; balance over
$57,21d.
rent;.!-, taxes, interest, $54,732. (V. 47, p. 459; V. 49, p. 653.1
;
Centralia
A
Chester.
(S'e
Map.)- Chartered
to
i
uild
from Ches-
to Aitamont, 111., with branch to a point opposite St. Genevieve.
Total distance 14o miles, including siding. Road completed and
in operation between Soarta and Coulterville and over 30 mile' of roaiBonds authorized
bed between Coultarville and Central! i graded.
$12,000 per mile, covering road bed and equipment; stock issued and
subscribed for like amount. Tbe road Is standard eauge and Is being
ter,
111.,
laid with 56
lb. steel rail*.
&
Charleston Cincinnati
Chicago. (See Yap.) -This road Is
being built by the Mass. & Smth. Car. Construction Co. from Charleston
B. V., through the States of Smith Carolina, North Carolina. Tennessee.
Virginia and Kentucky, to Ashland, on ttie Ohio River; 147 miles between Camden, S. C, and Rutberftrdton, N. C. is now in operation, forming a through line, in connection with the South Carolina RK., 290 miles long, between Charleston. S. C and Ruther
forrlton, N. C. The bonds have been negotiate 1 with a sy nd icate f or
,
building 200 miles from Rut erfotdton to Minneapolis. West Va.. where
connection is made with the ( lmch Valley Division of Norfolk A WestThe epuntles, towns and townships
err, and road is in progres
through which the road rui.s have already voted aid to the amount of
about $l,f.0i,000, payable in their 6 and 7 per cent bonds, in exchange
for an equal amount of stock. These subscriptions are payable as the
road Is completed. Stock, $762,000. Par value, $100. Genet al offices
of the company, 45 Broadway, New York. (V. 48, p. 221, 526; V. 4y,
p. 269. 102.!
Savannah. Owns Irom Savannah, Oa., to CharlesCharleston
ton Junction.
('., 104 miles (except 7 miles trackage), and br. nch to
Youngs. I'd, 6 miles; operates Ashley River branches, 4 miles; Charleston Junction to Charleston, 7 miles; total operated, 121 miles. This was
nrst the Charl. A 8av. BR. reorganized in 1866 under name of Savannah A Charleston, and opened March, 1870. Sold iu foreclosure June
7, 1880. and present company organized. Stock, $500,' 00. Earnings,
gross in 1888, $554,191; net over expenses and taxes. $93,073; surplus over charges. $9,453, auat. $2,901 in '87. Paid l'a percent on incomes in March, 1889. H. B. Plant. Pres't, N.Y.
.
A
."?.
;
Charlotte Columbia
A
Augusta. Owns from Charlotte, N.C.to
Augusta, Ga., 191 miles; leases Atl.Tenn. feO. RR.. Charlotte to Statesville, 44 in.; Cheraw A Chester, 29 m,, and Chester A Lenoir, 109 m.;
373 inili s. Controlled by Rich. A Danv. since le78, and in
May, 1836, leased to th it company for net earnings. There was due
other companies Srpt. 30, 1888, $57,139-. Dividends in 1888, 4 per
cent; in 1889, 2. In year ending Sept. 30, 188", gross earnings were
(826,116; net over expenses and taxes. $304,246; surplus over interest and rentals. $13,-54. Gross, 1887-88, $914,815; net, $359,702;
surplus over all Interest and rental.-, $104,584. (V. 46, p. 699.)
total operated
Chartlers. Owns from Mansfield, Pa., to Washington, Pa., 23 in.
Bold under foreclosure, and reorganized in 1867. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati A St. Louis; the
rental is net earnings. Gross earnings in 1888, "S192,236; net earnings,
57,727; surplus over int.. e c. $26,834: dividend, $32.2rt7; def.,
t5,433. Iu 1.5.-7 gross $ ; 95,868; net, $75,84-; surplus ovor fixed
charges and dividends (5 per cent). $8,076. Capital stock, $645,300
(par $50), of which Penn. RK. owns $326,350. Dividends since 1830
were as folio a s 18*1 to 1896. inch, nil; 1887,1888 and 1389,5 per
:
cent.
Chattanooga Koine A- Columbus. Owns from Chattanooga to
with branch to
Carrollton, 140 in., anil projected to Columbus, Ga
Montgomery. This company issuccessortothe Rome & Carrollton RR.
There are
cent income bonds, non-cumulative, for $1,400,000.
per
stock, $2,-00,00 I; par$100. Of the 1st mortgage bonds $150,000 are
held to retire same amount of R. A C. prior bonds. (V. 49, p. 269.)
,
&
Chesapeake Nashville. Road owned from Gallatin to SccttsTenn. :!" miles, and branch, Gallatin to Hartsville, 12 mi.es, in
progress. Construction from Scottsville to near Danville, Ky., 105
miles, is proposed. There!* a sinking fund of one per cent, but boms
are pin chased no; drawn. StocK, $1,050,000; par, $100.
Tllle,
Chesapeake A Ohio.
(See Map.) Old Point Comfort Va.. via NewBandy River, W. Vs.. fill miles; Richmond to Clifton
,231 miles; branch to Lexington, 19 miles; Leased, Buckingham
Rli.. New Canton to Arvon, 4 miles; Valley KR. connection, 2 miles.
Ai^o controls and operates the Maysvlfle A K'g Sandy Rtt. Co. (Ashland
to Covington. Ky., ;43 in.i rind bridge between Covington A Clnn.; total,
911 m. Tbe extension to Clnn. was opened Jan 1889. In May, 1839,
took over the R, A- A road, which 1- here Included 111 ttio mileage.
The present Chesapeake A Ohio Railway Company was organized
afti r foreclosure April 2, 1&78.
The company defaulted again on its
-tin 1887. The reorganization of tbe road and its extension to
nnati was undertaken in 1888 hyDrexel, Morgan A Co., and suo
ly carried through without foreclosure,
port
v
,
1
:
$4,762,000
1,236.000
2,000,000
2,578,000
2,000,000
500.000
189,500
306,000
2,090,000
500,000
875,000
2,287,000
2,000,000
2.000,000
142,000
19,693,000
855.000
800,000
315,000
6,176,600
3.601,000
500,000
679,000
2,153,300
80O.000
14,114,600
3,479,500
4.379,850
2,383,000
1,500,000
2,365,000
564.000
188,000
5g.
7g.
Q-J.
J.
A
J.
Bost. Safe D.
& T.
Co.
July
,
N.Y.,12W.23d&Clm sfn Jan.
7
1
7
J.
A
J.
7
A.
A
O.
& J.
A J.
A S.
A. A O.
7
* F. & A.
J. & J.
g A. A O.
6g. A. A O.
6g. J. & D.
M. & N.
g g Various
? g A. A O.
Oot. 1
F. A A.
F. A A.
!
&8 F. A A.
6
J. A J.
3
J. A J.
6
J. A J.
7
f g
5
-
g.
J.
J.
M.
'
-
-
6
2
2
i%
7
7
1947
1936
June
1889
1895
1910
1890
1933
July
Sept., 1937
Philadelphia, Penn R.R. Oet. 1, 1901
N.Y.OfliocMills B'lding Aug. 15, 1937
N.Y.,Drexel, Morg. A Co July 1, 1898
do
do
July 1, 1908
do
do
Jan. 1, 1911
do
do
June 1, 1922
do
do
May 1, 1939
do
do
Various.
do
do
Oct. 1, 1938
No ooupons paid.
Oot. 1, 1988
N.Y., 23 Broad Street. Aug. l, 1911
do
do
Aug. 1, 1911
do
do
Feb. 1, 1897
do
do
Yearly to 1892
Keene, N. H., Office.
July 10, 1889
N.Y.,Rich.ADan,2Wall
do
do
do
do
no
do
do
do
N.Y. Simon Borg A Co.
Boston,
Office.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
.Tulyl,*96A'98
N.Y.,JohnPaton&Co. Deo. 2. 1889
and Chic Treas.Offlco Dec 2, 1889
J. A J. Lond'n.J. 8. Morgan ACo. July 1, 1903
J. A J. N. Y., John Paton A Co.
Jan. 1, 1893
N. Y. U. 8. Trust Co.
Q.-J.
Oct., 1889
A. & O. N. Y., John Paton A Co. April 1.1894
do
A. A O.
do
April 1. 1894
do
J. A J.
do
July 1, 1898
Q.-M.
Q.-M.
?*
7
1,
1.
Irredeemable.
f
j
In August, 1888, an arrangement was made to acquire the Richmond
A Alleghany Road (252 miles) on whioh property there are to be Issued
bonds as per statement under R. A A. in this Supplement.
Until Jan. 1, 1894, the voting power and control of the company
remains with three trustees, viz.: J. fierpont Morgan, John Crosby
Brown and George Bliss. In July, 1889, a controlling interest in the
stock was purchased by the parties interested in CI. C. C. A St. L , the
"
Big Four."
The plan of reorganization was given at length in the Chkosicle of
February 11, 1888 (V. 46), on page V. of advertisements. The oonsol.
mortgage is for $30,000,000 (trustee of mortgage, Central Trust Co.),
and sufficient bonds are reserved to provide for prior liens, the balance
being held in the Treasury for use as needed. This mortgage is also
secured by deposit in trust of the $11,000,000 bonds an! two thirds of
the stock of the Maysville A Big Sandy RR., Ashland to Covington, Ky.,
and the Bridge to Ctnn., all owned by the C. A O.
Co. (See abstract
of mortgage in Chronicle, V. 49, p. 147.) The Elevator Co. mortgage
covers grain elevator of 1,500,000 bushels capacity, and land, Ac, at
Newport News. The stock is $40,000,000 common. $12,000,000 1st
pref. 5 per ct. non-cumulative and $i2,000,000 2d prefeired 5 per cent.
There are also $170,000 New River bridge bonds. The annual fixed
charges for rentals and interest iu 1889-90 will bo about $1,600,000.
From Jan. 1 to July 1. 1889 (6 nios.), large expenditures were made
on the Rich. A Alleghany for betterments and charged in expenses; the
gross earnings of C. A O. and R. A A. were $2,597,775, against $2,419,839 in 1888, and the net, $411,619, against $380,957. After July 1,
1889, the combined system was operated as a whole on its merits, and
from July 1 to Sept. 30, 1889 (3 months), the gross earnings were
$1,798,000. against 91,361,665 in 1888; net, $613,000, against
$js0,537.
No annual report of Ches. A Ohio for 1888 was published, but the
gross earnings were $4,415,236; net, $887,008. In previous years the
income account was as follows:
1886.
1885.
1887.
Gross earnings
$3,361,235 $4,096.0.8 $4,451,168
2,374.159
2.867,981
3,152,170
Op< rating expenses
Earnings over oper. expenses .... $987,075 $1,228,066 $1,298,998
1.557
11.626
Other receipts
7,081
Total
$9^8,633 $1,239,693 $1306,079
Taxes and rentals
9I,6i2
109,227
110, *78
Balance net earnings
$896,981 $1,130,465 $1,195,201
-(V. 48, p. 37, 66, 99, 189, 222, 489; V. 49, p.21,113, 147. 269, 539.)
Southwestern. Louisville, Ky., to MemChesapeake Ohio
phis, Term.. 392 miles, and brunch Elizabethtown to Ceciiiau Junction,
6 miles, 398 miles; of whioh is lease! from Louisville & Nashville t leir
Cecilia-n branch 46 miles. In Feb., 1886, leased to the Newport News
A Mississippi Valley Co. for fifty years. The company purchased the
Memphis Paducah A Northern Paducah to Memphis and the Paducah
A Elizabethtown. subject to the $500,000 mortgage on the latter, and
leased in perpetuity the Cecilian Branch of Louisville A Nashville, from
Louisville to Cecllian Junction, for $60,000 per annum, with option of
purchasing it for $1,000,000. Stock Common, $6,030,600, and preferred, $3,696,000 ($164,000 unissued) par, $100.
From January 1 to Seat. 30 (9 months), gross earnings were $1,527-.
6-9 in 1889, against $l,43I,677iu 1888; net,$636,442.against$501, 420.
The annual report in V. 48, p. 461, snowed the following :
1886.
1887.
1888.
1835.
Gross earnings
$1,571,155 $1,713,326 $2,001,723 $2,005,168
$821,863
$745,710
$502,530
$656,525
Netreceipts
Di'burseinents
Rentals
$77,111
$67,66(1
$1)8,712
$63,167
RR
A
;
Taxes, genera', Ac.
513,365
58,389
514,989
82,521
58^,098
63,108
683,128
75,032
Tot. dlsburscm'ts
$634,921
$674,621
$715,872
$s26,872
Interest
Balance
def.$132,391 def. $18,096 sur.$105,991 def.$81,162
134,448,802; V. 48, p. 461,633.)
Cheshire. Owns from South Ashburnham, Mass., to Bellows
Falls, Vt., 54 miles; leases, Monadnock Railroad, Wiuohendon to
Peterboro, N H., 16 miles; and 10 miles Vermont A Mass; total 80
-(48. p.
miles: but the Monadnock, 16 miles, is not included in the Cheshire
earnings, leaving 64 miles operated. Rental paid to Vt. A Mass. for
leased portion of road $51,000. Capital stock common, $53,300, and
preferred, $2,100,000. In year ending June 30, '89, gross receipts were
$609,270 net, $^44,401; deficit after fixed charges and 6 per cent dividends on pref. stock $8,102. Iu year ending Sept. 30, 1888. gross, $611,036; net. $194,363; deficit after ttxed charges and 6 per cent dividend on
pi l'n id stock $30,037. Dividends on preferred stock sinoe 1876: from
1877 to 1879 inolusive, 1 per cent; from 1880 to 1885 inclusive, 3; in
1886, 5; in 1887 and 1838, 6; In 1889, 6. (V.47, p. 625.)
;
1
Chicago & Alton. Line of Road Joliet to East St. Louis
244 miles; Branches To Coal City, 30 miles; Dwight to
Washington A Lac'n, 80 miles; Roodhouse to Louisiana, 38 miles;
Cppir Alton line, 8 miles. Total owned, 400 miles. Leased Chicago
to Joliet, 37 miles; Jiloomingtou to Godfrey, 150 miles; Louisiana
Total
to Cedar City. 101 miles; Kansas City to Mexico, 162 miles.
iia 11I, 450 miles. Total operated, Dec 31, 1888, 849 miles. |
(main),
INVESTORS'
SUPPLEMENT.
[VOL. XLIX.
November,
EAILEOAD STOCKS AND BONDS.
1889.]
43
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds Princl
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles
For explanation of column headings,
on first page of tables.
See.,
see notes
Chicago it Alton ( Continued)
St. L. Jacksonv. & Chic. 2d M., assumed (conv.) ..
La. Se Mo., 1st M. ($439,100 assumed by C. Se A.)
do
2d M.tfnt.guar.
C.
&
A.)
guar. pref. stock
bds.for K.C. St.L.&C.dst M. as collat )not dr'n
do
S.
f.
Pref stock K.C.
St.
Date
of
of
Size, or
Par
LA C guar
Miss. Riv. Br. stock (7 p. ot. guar. C A A.)
Hiss. Riv. B'ge, 1st M. .assumed, g.,s.f. dr'n at 100
c*
Chicago d. Atlantic 1st mort., gold, $ or *
...e*
2d mortgage (for $5.000,000)
150
101
101
101
162
162
249
249
1868
1870
1877
1878
Outstanding
$1,000
1,000
1,000
100
1,000
$42,000
1,723,000
300,000
329.100
2,331,000
1,750,000
300,000
632,000
6,500,000
See remarks.
100
1877
1881
1883
i",6bo
1,000
1,000
1,000
Car trust bonds for $651,000
363
Chicago Burlington A Northern. Stock
363
c*
1st M., s. f., red. at 105 ($25,000 p. m.)
2d M. ($10,000 p. m.), red. after May 31, 1898..C* 363
for 2d M
c*
Ten-year debentures, exchangable
Equip. M.,t ed.at 105; after '9310 % dr. y'rly 100.C*
4,917
Chicago B i<-lvngton db Quincy Stock
0*
825
Consolidated morteage (for $30,000,000)
Trust mort. Iowa, dr. at 100 & 105 (s.f li p.c.).c*r 790
.
Denver exten., bonds d: aw at 100 (s. f. I p. o.)c*
Bonds for Bur. & S. W., drawn at 100 (s. f. 1 p. c.l.c*
c*
Debenture bonds for Han. A St. Jo. stock
North Cross R. K. 2d. M (now 1st), g.,s.f., $50,000
o*
Trust mortgage (Burlington to Peoria)
c*
Plain bonds
Sink, fd.bds. (forAlbia Kuoxv.AD.M.),notdr'n.c*
f. not drawn). c*<fer
Nebraska ext., $20,000 p. m.(s.
c*
Ottawa Oswego A Fox River, 1st M
111. Grand Trunk, 1st M., $20,000 p. m.,lnt. gu.c*
o*
Quincy A Warsaw. 1st mort., int. guar
fund b'ds, not dr'n (St. L. R. I. A C. M. collat.).cQuincy Alton A St. L. (leased), 1st mortgage... C
B.
i"89
ibo
96
33
"70
48
40
270
46
1886
1888
1886
1888
100
500 Ac.
1,000
1.00J
1,000
100
1873
1879
1881
1881
1883
1860
1864
1872
1875
1887
1870
1870
1870
1876
1876
1,000
1,000
1,000
1,000
1,000
1
1,000
1,000
1,000
,0O0Ac
1,000
500&C
held the
The
on
first
Joliet
term of
its
stock.
A
Monday
in April.
Chicago
charter,
is
leased
and forms part
The Louisiana
from January 1, 1864, for tht
of the main line. Rental, 7 p. c
A Missouri River RR. is
leased for 1,000 years.
Rental, 35 p. c. of gross earnings, after taxes, See., have been deducted
from them, but interest guaranteed on second mortgage bonds and
8329,100 pref. stock; the other pref. stock is $1,010,000 and common
$2,272,700; rental in 1888 $152,374, against $200,716 in 1887. The
Kan. C. St. L. Se Chic, is leased to the Clue. A Alt. Co. In perpetuity from
Nov
Cent.
(6
8,805,500
2,214,000
936,000
940,000
76,393,505
16,993,000
11,886,000
6
7
1
7
4A5
4,300,000
9,000,157
291,000
653,000
547,500
350,000
25,185,000
1,076,000
890,500
4
2,316,000
840,000
pal.When Dae,
Stocks Last
Dividend.
J.
F.
M.
John Paton A Co. Julyl, 1898
do
do
Aug. 1,1900
Nov. 1, 1900
do
do
do
do
Aug. 1, 1889
do
do
May 1, 1903
Nov. 1, 1889
do
do
Treasurer's Office
Chic,
July., 1889
N. Y., John Paton A Co. Oct. 1, 1912
Last paid Nov., '88.
Nov. 1, 1920
None paid.
Aug. 1,1923
N. Y.,
j. "i"j.
5
6
4
720,000
When Where Payable, and by
Whom.
Payable
A J.
& A,
A N.
F. A A,
3i
6g. M. A N.
1*8
Q.-F.
3i
J. A J.
6 g. A. A O.
g.) 4 M. A N.
6g- F. A A.
7
7
7
422,000
9,194,500
1,000
1,000
1.000
;
Rate per
7,1108,000
500 Ao.
Organization, Leases, Stocks and Bonds. Chartered as the Chio
A Miss., Feb. 27, 1847 reorganized under act of Jan. 21, 1857, as
Chic. Alton St. A Louis, and under act of Feb. 16, 1861, the present
corporation succeeded to the property, which was sold under foreclosure in the following year and transferred to new organization in
The annual meeting
October, 1862. Fiscal year ends December 31.
Is
Amount
Value.
Road. Bonds
5
**
7
5
4
8
8
8
5
5
A O.
A D.
A D.
F. * A.
Q.-M.
J. A J.
A. & O.
F. & A.
M. A 8.
M. & N.
J. & J.
A. A O.
J. A 3.
J. A D.
M. A N.
J. & J.
A. A O,
J. A J.
A. & O.
F. A A.
A.
J.
J.
Chicago Burlington
&.
N.Y.,F.L.&T.Co.&Bost.
do
do
do
do
do
do
N. Y., Boston & Chic.
N.Y.,Bk.of Com.ABost.
do
do
do
do
do
do
do
do
April
Frankfort, Germany.
N.Y., Bk.of Com.&Bost.
July
June
1,
1,
1926
1918
Dec. 1, 1896
Feb. 1, 1903
Deo. 16, 1889
July
1,
1903
Oct. 1, 1919
Feb. 1, 1922
Sept. 1,
May
Oct.
do
do
Jan.
June
Boston, Co. 's office.
Bk. of Com. & Bos May
N.Y..
N.Y. F.L.A T.Co. A Bost. July
Oct.
Boston, Co.'s Office.
N.Y.,F.L.AT.Co.ABost. July
N.Y..Bk.of Com. A Bost. Oct.
N.Y.,FL.AT.Co.ABost. Feb.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
Northern. Owns irom Oregon,
1921
1913
1890
1890
1896
1895
1927
1900
1890
1890
1901
189 6
111.,
to
Paul, Minn., 332 miles: Fulton to Savanna, 111., 17 m.; branches, 14
miles; total, 363 miles. The road was completed Aug., '86, under Chicago
B. Se Q. auspices, as per circular of August 1, 1885 (in Chronicle, V. 41,
p. 160). The Chio. B. Se Q. and Chic. & Iowa give a trafflo guarantee for
twenty years of one-half of their net earnings derived from business to
and from the C. B. & N., to be not less than $100,000 per year, for the
retirement of C. B. A N. firsts at 105; and after March 31, 1896, the
whole issue may be retired at 105. The 2d mort. was issued to fund the
floating debt and $2,250,000 was reserved for the debentures, whioh
could be exchanged for them till April 17, 1889. See circular,
Chronicle, V. 47, p. 256; also V. 48, p. 326. From Jan. 1 to Sept. 30
in 1889 (9 mos.) gross earn's were $1,415,133, agst. $1,355,939 in 1888;
net, $527,091, agst. $177,402. In 1887 gross earnings were $2,276,199; net Income, $480,628; rental and interest, $646,501; deficit,
$165,873. In 1888, gross, $2,026,319; net, $44?,960; deficit under
interest, rentals, etc., $329,738. (V. 47, p. 256; V. 48, p. 326, 661; V.
49, p. 234.)
St.
1,1877. at a rental of 35perct. of gross earnings $335,831 in 1888.
are held by I' H. Trust Company as security for the Chicago &
Alton bonds of 1878 issued to build this road, and a sinking fund of
860,000 per annum provided for their redemption. Should the 35 per
Chicago Burlington
unlncy. Line of Road. Thj C. B. A
cent be more than sufficient to pay interest, quar. dividends and 7 per Q. Is one of the most complex railroad systems in the U. S. It has a netcent on the common stock, the excess is to go to the lessees. Common work of lines in 111., Iowa and Neb. The main line extends from Chic.
Btock, $271,700. of which $157,600 n owned by C. Se A. The Mississippi HI., to Burlington, Iowa, 204 miles, and thence to Paciflo Junction, 276
Kiver Bridge is leased in perpetuity from December 3, 1877, at a rental miles, and from Pacific junction to Denver. Col., 577 miles, making the
equal to 7 per cent on $300,000 stock (all owned by C. Se A.) and 6 per distance from Chicago to Denver 1,057 miles. From Paciflo Junction
cent on bonds. (See last drawing, V. 48, p. 159.)
to Council Bluffs Is 18 miles (track used jointly with K. C. St. Jo. Se 0.
The Chic. Se Alton preferred stock has prior right to a non-cumulative B.), making the C. B. Se Q. line, Chicago to Council Bluffs, 498 miles.
dividend not exceeding 7 per ct. from net earnings, and (after payment The Extens. to Denver was opened May, 1882. Besides numerous local
Prices of roads the
of 7 on common) also shares with common in any surplus.
company also has its line in Illinois to East St. Louis, and to
stock have been as follows: Preferred in 1881, 140153; in 1882, Quincy, connecting with the Hannibal Se St. Joseph road (purohased by
1303*6; in 1883, 1403150; In 184, 1423152; in 1885, 1473155; in C. B. Se Q. in 1883) across Missouri to St. Joseph. The mileage reported
1886, 1503162; in 1887, 155S164; in 1888, 1573>165; in 1889 to at the close of 1888 was 4,917, of which 160 miles were leased or operCommon In 1881, 127156; in 1882, ated with other companies. In addition to this the company conNov. 22 inclusive, 1603165.
127ial45i2; in 1883, 128313714; in 1884, 118314014; in 1885, 128 trols and largely owns the St. Louis Keokuk & N. W. road, lSl^ miles ;
3140: in 1896, 1383146; in 1887, 1303155; in 1888, 1323140>s; the Kansas City St. Joseph A Council Bluffs, 313 miles the Chicago
in 1839 to Nov. 22, inclusive, 125 140.
Burlington Se Kansas City, 153 miles the St. Joseph Se Des Moines, 50
Dividends since 1876 have been: In 1877, both stocks, 7 1a; in 1878, miles and a half-interest with Wabash in the Huinestou Se Shenandoah,
both7; in 1879, preferred 7, common 6 in 1880, pref. 7, com. 6^; in 113 miles. The allied road to St. Paul is the Chic. Bur. & Northern. In
1881 both 8; in 1882 both 8; in 1883 both R; in 1884, both 10; from September, 1887, the Denver Utah Se Paciflo (narrow gauge), 13 miles,
1885 to 1889, inclusive, both 8; in 1889 to date, both e.
Denver to Lyons, Col., was purchased.
Operations and Finances. The Chicago Se Alton road has been parOrganization, Sec This was a consolidation in January, 1875, of the
ticularly strong in having a large local business between Chicago and Chicago Burlington Se Quincy in Illinois and the Burlington Se Missouri
Bt. Louis, so that it was less dependent on through business, which is
in Iowa.
In
Nebraska
done at competitive rates. Its leased lines are as completely controlled River absorbed. The 1880 the Burlington Se Missouri inand there
was
leased lines are practically owned
as if owned, and the system is compact.
account, except as interest
have been as follows for four years past. Is no charge for rentals in the incomeroads above-mentioned is in on
Operations, earnings, Sec,
bonds. The ownership in the other
the
Fiscal year ends Dec. 31. Annual report for 1888 was in V. 48, p. 249,
stocks and bonds thereof, and their accounts are kept separate. In
and the President's remarks at length in V. 48, p. 258.
1885, the agreement was made with the Chio. Bur. A No.
August,
income account
for the line to St. Paul, but the C. B. & Q. owns $3,097,500 only of the
1887.
1886.
1888.
1885.
stock of that company. Fiscal year ends Dec.31. Annual election in April.
$
$
9
$
Receipts
The lands have been mostly solo, but 79,300 acres remaining, and
3,671,183
3.380,322
3,103,684
2.843,380 land notes are
Netearniugs
$1,215,811,
282,654
269,239
Other receipts
273,252
272,845
Stocks and Bonds. The stock has been rapidly inoreased for the
Total
3,116,632 acquisition of new lines, and in 1880 a distribution of 20 per cent in
3,692,338
3,940,422
3,653,167
Btock was made. Dividends have been: In 1877, 9 per cent; in
8
8
Disbursements
$
$
1878, lOifl; in 1879,8; in 1880, 9*4 cash and 20 stock; trom 1881 to
Rentals paid
701.777
704,473
710,608
665,455
The prices of
1887, inclusive, 8 in 1888, 5 per cent; in 1889, 4.
531,542 stock have been: In
657,444
Construe, equip., 4c.
380,702
254,134
1881, 133ia3182V, in 1882, 120>a3141; in 1883,
Djterest on debt
836.381
839,307
831,031
825,658
1
in 1884. 1071273i; In 1885,
*; in 1896,
Dividends
1,407,224
1,407,644
1,407,608 115^t12938;
J, 409, "50
123T8 156; inl883, 103%3l30"a; in 1889 to Nov.
Miscellaneous
106,924 128%3141;in 1887,
93,854
102,116
92,672
7
22, inch, 89 s 3111ia
The C. B. Se Q. on many of its branch lines gave a traffic guarantee of
Total disbursem'ts.
3,699,399
3,537,187 40 to 50
3,428,086
3,301,632
their bonds. The
per cent, which was used in
Balance
sur. 225,081 sur.390,706 sur.241,023
df.420,555 Kansas City St. Joseph Se Council Bluffs purchasing
and branches was purchased
(254 miles), and the Chic. Burl. & Q. stock issued therefor at $125 per
(V. 47. p. 140; V. 48, p. 249, 258, 688; V. 49, p. 100, 580.)
Chicago A Atlantic Opened May 14, 1883, from Marlon, O., on share, taking the St. Jo. stook at $72 50 per share. Enough of the C. B.
line of N. Y. Pa. Se O., to Hammond, Ind., 249 miles, and thenoe over Se Q. consolidated mortgage Is reserved to take up prior debts. The
the Chicago & West. Ind. to Chicago, 19 miles. Connecting line for N. bonds of 1876 are secured by mortgage bonds of like amount on St.
Louis Rock Island Se Chicago road deposited with trustees.
Y. P. Se O. and N. Y. L. E. * W. to Chicago.
Stock, $9,562,Ot the Iowa trust bonds of 1879, $8,988,000 are 4s and $2,898,000
950. of which $9,000,000 was deposited with H. J. Jewelt (then President
of N. Y. I,. E. Se W.), in trust. On Nov. 1, 1884, the Interest due on 1st 5s, the 4s being subject to call at 100 and the 5s at 105, the sinking
fund being 1 *a per cent of bonds issued, payable Oct. 1 yearly.
mort. bonds was defaulted, and interest was afterward paid at 4i 3 p. c.
The collateral trust Nebraska exten. b'ds of '87 (N. E Tr. Co., of Mass.,
as per reorganization scheme, until May, 1889. when It was defaulted.
The 2d mort. bonds were largely pledged for N. Y. L E. Se W. loans, and trustee,) are Issued at $20,000 per in. for single track and $ 10,000 per m.
about $800,000 are held by the Erie and $2,500,000 in trust for Erie additional for second track. See alistraot of mortg. in V. 45, p. 441.
Sum total of
by Fanners' loan A Trust Co., and balance ot $1,700,000 by other bonds canceled, all sinking funds Dec. 31, 1888, excluding holdings of
was $11,766,511.
In February, 1896, suit was brought by the Fanners' Loan Se
parti-:..
Many of the bonds are redeemable (may be drawn) before maturity at
Trust Co. to foreclose the mortgages. A decree was entered in Jan.,
various prices, plus accrued interest, as stated in the table above. The
1889, but some of the 2d mortgage bondholders appealed, and litigation Bur. Se Mo. in Nebraska
6s, duo 1918, are redeemable at 100, but this
is yet pending; V. T. Malott was appointed receiver May 18, 1889, and
"
exempt" bonds applies only after 1903.
In August was authorized to borrow $250,0 ;0 on receiver's certificates. for the
An outline of proposed plan was in CHRONICLE, V. 44, p. 369.
Operations and Finances. The Chic. Burl. & Quincy RR. has been
by which lie new Issue of bonds was to be $12,000,000, bearing 4 per one of the most profitable in the country, as its numerous branches tribcent for 5 years, 5 per cut thereafter, gold, guaranteed by N If. L. E. utary to the main line were built into choice agricultural territory,
A W., and Sli o.ooo only of stock to be held by that company; there will where they enjoyed a monopoly of the local business at full rates.
also be. $10,000,000 of 5 lie r cent non-cumulative income bondp. In the
From Jan. 1 to Sept. 30 in 1889 (9 mos.) gross earnings were $19,126,year ending June 30, 1888, gross earnings were $2,405,121; net over 957, against $16,588,312 in 1888; net, $7,017,358, against $3,317,075.
expenses and taxes $510,559; rental to Ch. Se W. Ind., 8180,469; On lines controlled gross earnings fnr same period were $3,308,711,
Bee itrort V. 47, p. 593. In 1988-89. gross, $2,181,065 net $372,069. against $4,117,906; net, $1,617,162, against $773,491.
-(V. 16, p. 637, 649; V. 47, p. 530, P3, 53; V. 48, p. 37, 127, 291, 633,
The annual report for 1838 was published in the Chronicle, V. 48,
-688; V. If, p. 21,206.)
Comparative statistics for four years are as follows
(p. 397 and 399.1
The bonds
&
;
;
;
;
;
llS^S^
;
:
44
INVESTORS'
Subscriber*
trill
SUPPLEMENT.
[Vol.
XL1X.
confer a great favor by giving; Immediate notice of any error discovered In these Table*.
DKSCKHTION.
Prlna.
INTEREST OR DIVIDENDS.
HUM Date Size, or Amount
pal, When Due,
for explanation of column headings, Ac, see notes
of
Par
Rate per when Where Payable, and by Stocks Last
of
on flint page of tables.
Road. Bonds Value. Outstanding
Cent.
whom.
Dividend.
Payable
Chicago Burlington
<t
QMlney (Continued)
Burl. A Mi>. Riv., 1st mort. (cum. s. f., not ilr'm c*
do 1st M. oonv. bonds
o*
Burl. ,v Sin. R R. In Neb. cons.M.l. gr.,s.f. ilr'n at 100
Omaha AS. W., 1st M.,guar
o'
Burl. A Mo.KR.lu Neb., s. f. for At. ANeb.RR.stock
Nebraska Railway oonsol. mort., guar
c*
Repnb. Val. R. IstM. g.(dr. at 100) s. f., $14,000.0
Atchison A Nebraska. 1st mortgage guar
o*
2d M. on 4.
N. RR. and bridge at Nebras. City
Lincoln AN. W. RR. IstM. guar.s. f. lp.o.. not dr
K.C.8t.Jo.
C. Bl..consol.M.(Nos.l to 00 pref.)c*
1st Ms. Noil, and Tark Val. RRs. s,f (dr.at 100).c"
Humestou Bhenand.
1st M. .$20,000 p. in
281 1863 $50 Ac.
40 '69'70 500 Ac.
628 1878 600 Ac.
49 1871
1,000
1. hi hi
1880
133 1877
1,000
148 1879
8004c.
146 1878
100 Ac.
146 1887
73 1880
274 1877 lOOAc.
62 1880
1,000
1881
1,000
"30 1838
1.000
498
100
107 1877 100 Ao.
208 1884
1,000
1887
1,000
4
A
A
.
RR
OalumrlTer. IstM.. g. ($3,000,000) .0*
III.
Stock ($4,368,200 la 6% pref.) ...
$20,000 after '85, no drawings). ..o*
Consol. mort., gold (for $6,000,000) s. f
o*
Collateral trust bonds, sinking fund
o'
C. A- E. 111. Extension. 1st mortgage
c*
To
General consol. mortgage
e<kr
277
Dan. & Grape Creek RR. 1st mortgage
e*
7
Strawn A Ind. State line bonds, assumed, s. f .0*
13
Chlc.A Indiana Coal IstM. ($25,000 per mlle).c* 172
Okie. <t Or. Trunk IstjM. $ A * ($567,5 00res'd)c*Ar
327
2d mortgage, $ A *
o&r 327
Northwest. Grand Trunk, 1st mort
66
OMc dt Qt. Western 1st mort., gold, int. guar c*
10
2d mort., for $4,000,000, gold, int. guar
c"
10
Chicago Milwaukee <t St. Paul Com. stock
5,678
Preferred st'ck (7p.o. y'rly, not cumulative)
5,678
Oonsol. M. (for $35,000,000) con v. into pref. sfk.c* 1,435
1st M. f Lacrosse Div.). convert. Into pref. st'k.c*
370
Chicago
Chic.
<t
rf-
East.
IstM.,
(s. f.
Miles owned A lcas'd
Miles operat'djolntiy
Total operated...
1885.
$1,170,550
66,000
12,858,600
869.000
3,347,000
886,000
1,078.800
1.125,000
901,280
600,000
5,000,000
629,000
1,342,000
1,050,000
9,369,000
3,000,000
2,711,000
61,000
1881
1,000
103.000
1887 1,000 Ac
3,660,030
1880
1,000
119,000
1881
1,000
150,000
1880
1,000
4,102,000
IS SO .41004c
6,000,000
1882
1,000
6,000,000
1830 500 Ac.
567,500
1886
1,000
4,000,000
1S8G
1,000
4,000,000
100 39,868,961
100 21,610,900
1875
11.486.000
1,000
1363
1.000
5,209,000
1888.
4,757
3,5.14
1887.
4,571
113
122
160
4, 093
4,91*7
4,036
3,647
OPERATIONS AND FISCAL RESULTS.
1886.
5,213,595
8,534,708
1885.
5,134,312
8,431,808
Operations
Passengers carried*
Tons carried
Earnings
1887.
5,750,348
9,752,325
1888.
,968,148
,0.56,005
$
$
$
Freight
Mail, express. Ac...
5,286,407
19,565,854
1,704,164
5,633,261
19,367,935
1,727,212
6,679,859
18,675,655
2,270,564
,146,121
,484.035
,159,011
Total gross earnings
Oper. exp. A taxes
26,556,425
14.405.76j
26,728,408
14.491.633
27,576,078
16,097,913
23,789,167
18,832,460
Passenger
.
$
Netearnings
12,150,657 12,236,725 11.478,163
4,906,707
P.C. of o p.ex. to earn
54-25
.54-22
58-38
79-37
*
Not inoluding those carried on mileage or aewm tickets.
INCOME ACCOUNT.
1885.
$
$
12,150.657
985,79 6
13,728.885
1885.
12,236,725
615,342
846,771
13,698,838
1886.
11,478,165
859,055
567,08 3
12,904.303
1887.
S
Netearnings
Interest and ex oh..
Net li. A M. l'dgr't..
Total income
1886.
$
Receipts
$
Disbursements
Rentals paid
Interest on debt
Dividends
153,215
4,391,004
6,110,722
198,118
4.587,762
6,111,064
8
500,154
187,171
4,294,263
6,110,572
8
5,484,863
1838.
193,709
,111,527
,819,578
Kate of dividends. . .
8
5
Carried to sink'g fd.
646,430
670,295
691,474
Carried to reuew'l fd
1,000,000
1,000,000
Total disbursements 12,238,436 12,325,236 11,397,148
9 816,288
Balance, surplus
1,490,449
1,373,602
1,507,155 df.4 331,425
(V. 46, p 133, 241. 254. 255, 478, 481, 802; V. 47, p. 381, 775; V.
48, p. 201, 291. 397, 399, 661, 729, 800, 827, 855.)
Chicago
dc
Calumet Terminal. From
8
6
[
8
1
4
7
6
7
6
7
7
7
on pf
6
do
June
1,
1,
1,
1,
1,
1,
1,
1.
1,
1.
1,
1.
1893
1894
1918
1896
1910
1896
1919
1908
1927
1910
1907
1920
Mar. 31, 1911
Boston, Co.'s Office.
JT. Y. Central Trust Co.
1938
N.Y., Hanover Nat. Bk. Dec. 2, 1889
N.Y.,4thNat.Bk.ABost. Deo. 1, 1907
N. Y., Central Trust Co. Oot. 1, 1934
do
do
Feb. 1, 1912
New York. 4th Nat. Bk. Deo. 1, 1931
N. Y., Cent. Trust Co.
Nov. 1, 1937
Boston, Glolie Nat. Bk. Mav 1. 1920
N. Y Central Trust Co. Oct;. 1, 1921
N. Y.,Met. Trust Co.
Jan. 1, 1936
New York and London. Jan. 1, 1900
51 >t
June
Boston, Co.'s Office.
Jan.
Boston, Bk. of Com'roe
Boston, Co.'s Office.
Oct
Boston, Bk. of Com'roe. July
do
do
Mar.
Boston
D. c.
Boston. Co.'s Office.
Jim.
Jan.
Boston, 2d Nat. Bank.
do
7
Oct.
Julf
July
.
6g.
S*
5
6
6
5
%*
do
6
do
Jan., 1922
N.Y., E.P.Beach.B'way
N.Y., Office, 36 Wall 8t
i e
5 g-
-
do
Vt
N. Y., Office
do
do
do
2>2
7
7
do
42 Wall
do
do
do
.
St.
1910
1936
1936
April 23, 1888
Oct. 21, 1889
July 1, 1905
Jan., 1893
Jan.
June
June
1,
1,
1,
Grand Trunk.
Line of road from Port Huron, Mich.,
Elsdon, 327 miles; also uses 4 miles of Chicago A West. Indiana
and 4 miles Grand Trunk Junction RR.; total operated. 335 miles. This
Is a consolidation of roads between Port Huron and Chicago formed In
Jan., 1880, under the control of the Grand Trunk of Canada. Stock,
$6,600,000 in $100 shares. The Grand Trunk of Canada gives a '..ruffle
of 30 per cent of gross earnings. Gross earnings from Jan.
fiarautee 30, in 1839 (9 months) were 532,870, against 479,070 In
to Sept.
1883:net,128,218, agst. 113,433. In '88, gross receipts, $3,228,338;
net, $815,892; sirp. overcharges, $12,181, against $34,077 in 1887.
Chicago
dc
to
-(V. 44,
p.
400; V. 45, p. 52.)
Chicago dc Great Western. Owns a double-track roat entering
Chicago from the west, and terminating at Polk St., east of the Chicago
River, with large terminal property. The interest on 1st mort. bonds is
guaranteed by the Wisconsin Central and its allied lines, which enter
Chicago over this road. Terminals are under construction. Stock, $8,000,000; par $100.
Chicago Milwaukee dc St. Paul. (See Map.) Line of Road.
The company operates a great consolidated system of railroads in Illinois
Wisconsin, Minnesota, Iowa and Dakota, which are well showu on the
accompanying map. The main through lines are from Chicago to Mil1888.
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
341 miles; Milwaukee to Prairie du Chien, 194 miles; McGregor (ODpo$
site Prairie du Chien) to Chamberlain, Dak., on the Missouri River. 442
4,906.707
169,601 miles; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
408,555 la., 487 miles; Marion, la. (neir Cedar Rapids) to Kansas City. 305
miles; Minneapolis to Aberdeen, DaK., 233 mues. On Dec. 31, 1888,
$
592.43'2
1837.
N. Y.,F. L.4 T.Co. A Bost.
Boston. Co. 's Ofhce.
'Boston, Bk. of Com'rce.
7
East Chicago around
the City ol Chicago, meeting the Lake in the vicinity of Evanston; 56
miles
flnltlel, and ciotslng 26 railroad lines; 30 miles
about completed. Central Trust Co., Trustee of mort. Bonds are
issued at rate of $35,000 per mile single and$50,000;p.m. double track
and a sufficient amount to meet interest for two years has been deposited with the^Central Trust Co. Company oum right of way- 100 ft.
wide. Stock $5,000,000. C. B. Van Nostrand.Treis., 42 Wall St., N. Y.
whn
Chicago <V Eastern Illinois. Owns from Dolton, 111., to Danville, 111., 10719 miles; second main track Dolton to Momence, 33 miles;
Danville to 'I usco'a, 50 miles; Momence to Indiana State line (junction
with the Chic. & iiid. Coal), 11 mile.-; Wellington Junction to Cissna
Park. 11 miles. L-ases EvansviUeTerre Haute A C. RR., Danville, 111.,
to Otter Creek June. Ind , 49 miles Otter Creek June, to Terre Haute,
Ind., 6 miles; Ot er Cieek June, to Brazil, Ino
13 miles; Dolton to
;
Chicago (uses track C. A W. I.), 17 miles.
Chicago A Indiana Coal owns Brazil to La Crosse, Ind., 145 miles,
branches. 26 miles; and leases La Crosse to New Buffalo, 35 miles (of
Chicago A West Michigan BR.)
Total operated, 503 miles.
The Chicago A East Illinois was chartered as Chicago Danville A
Yinoennes in 1865, and opened in 1872 and 1873. Sold under foreclosure Feb. 7, 1877, and reorganized under existing title Sept. 1, 1877
Under the teims of leases the C. A E. 111. guarantees interest on $1,400,000 bonds of leased roads. There are also $C4,0t0 2d mort. incomes,
due 1907, outstanding. Owns contiol of Ev. T. H. A C. BE.
In Febiuary, 1889, stockholders of tie Chicago A Indiana Coal BR.
were granted an exchai gc of common and 1 referr<d stcck respectively
attar for their $2,197,800 common and $1,465,200 preferred stock,
thus coi solidating the iioperties. See Chronicle, V. 46, p. 134; V.
4-, p. :;34, for complete status as given in the ai plications to the
Stock Exchange.
The general consolidated mortgage of 1887 (Trustee, Central Trust
Co.) provides for the retirement of $8,000,000 pr.or bends and for issue
of bonds on new road at $18,000 per mile for single (rack,
$7,000 per
mile additional tor onl] incut and $8,000 per mile for double track.
ChlcniiO A Indiana Coal 1st Mort of 1886 (trustees Met. Tr. Co. and
R. B. F. Picree) is for $1,000,000, on road from Yeddo to
Brazil, ai d
$25,(0(i per: mile ($7,000 of this for equip.) for extensions; second
traek, $8,000 per mile.
Dividends since 1881 have been On common, in 1882, 3 per Cent In
1886. 5; in 1887, 6; In 1S88 on new pref. alone, 7j; In I860, 6 on pref.
From July 1 to Dec. 31, 1888 (6 months), gio.'s earnings, it eluding
Chicago A Indiana Coal, were $1,495,080; net $042,553; surplus over
fixed charges. $187,503; balance over 3
per cent dividci.d on rref.
stock, both companies, $53,547.
H.H.Porter.Prest.,Chicago. tV. 48, p. 100,11-9,222, 334; V.49,p.i SO.
:
<
:
;
the mileageinHlinolswas318; In Wisconsin, 1,310; in Iowa, 1,575;
in Minnesota, 1,120; in Missouri, 140; in Dakota, 1,215.
Total miles
operated, 5,678. On November 1, 1887, the line to Kansas City was
opened.
Organization, Ac The Milw. A St. Paul RR. Co. was organized May
5, 1863, and embraced a number of other companies, including the Milwaukee A Miss., the Prairie du Chien, the Lacrosse A Milwaukee, and
others. The Milwaukee A St. Paul afterward purchased the St. Paul A
Chicago Road and others, and built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
Hsoal year now ends June 30. The annual meeting la held in September
Stocks and Bonds. The preferred stock has a prior right over the
common stock to a dividend of not over 7 p. c. from net earnings In
each year, but if not earned it has no cumulative right. If a dividend
was earned in any year and not paid, there might be a claim on future
years for such dividend. After payment of 7 on pref. and 7 on com.,
both classes share pro rata.
Dividends since 1873 have been: On common in 1879, 2Hi p. c.;fron
1880 to 1884, inol.,7; In 1885,4; in 1886 and 1887, 5; in 1883, 2> ;
In 1889, nil.
On preferred. In 1874, 7 in consol. bonds; in 1875 nil;
In 1876, 3*3 cash and 14 per cent in bonds; in 1877, 3ia: In 1878, 104;
from 1879 to 1887 inclusive, 7; in 1888, 6; in 1889, 4i
The range In prices ot stocks since 1877 have been: Pref. In 1878, 64
84%; in 1879, 7438810234 in 1880, 9931241s: in 1831, 116343140; In
1882, 114ia144i4; in 1883,115312214; In 1884, 95 783119: in 1885,
102*125; in 1886, 116312534; in 1887, 110312714; in 1888, 9843
117; In 1889 to Nov. 22, inel.. 973118. Common -In 1878, 27ia3 548;
in 1879, 34*83 82 4
In 1880, 66ia311434; In 1881, IOII3312914; In
1882, 96i3128i4; in 1883, 913431081a; in 1884, 531439414; In 1885,
6434399; in 1886, 82=8399; in 1887, 69=8395; in 1888, 5914378; in
;
;
1889
to l> ov. 22, inclusive, 60V37514.
An abstract of the term? of some of the prinoipal mortgages was published in the Chronicle, V. 45, pp. 85, 114. 144, 212; and V. 48, p. 830
Of the consolidated mortgage bonds of 1875, enough were reserved to
take up the prior bonds; these bonds may be stamped and discharged
from the sinking fund provisions. The St. Paul A Chicago, the Chicago
A Milwaukee, the Consolidated, the Lacrosse Div the Iowa A Dakota,
the
Iowa A Dakota Extension, the Prairie du Chien 2ds,
and the Iowa A Minn. Div. bonds are convertible into preferred
stock. The terminal bonds issued in 1884 are secured by mortgage on
the terminal property in Chicago and Milwaukee, subject to the lien
of the general mortgage on part of the track and terminals; but it covers
also other property quite detached. The Income bonds of 1886 are convertible intu common stock, on notloe, 60 days after any dividend day.
They have a sinking fund of 4 per cent, and may be drawn at 105. In
addition to above bonds there are $89,000 Hastings A Dak. 7s, due
Jan., 1903, convert, into pref. stock; also $275,000 5 per cent real estate
,
mortgages due
in 1890 and 1894.
SMC j -ji, i
The general gold mortgage of 1889 for $150,000,000 was fully described In the Chronicle, V 48, p. 330. The bonds bear Interest not
exceeding 5 per cent. The U. S. irust Co. ol Now York is trustee.
Ol kkatkins, Finances, Ac The mileage and also the stock and debt
of this company increased very rapidl) after 1879, the miles owned
being only 2,359 on January 1, 1880, ano the stock and bonded debt, In
round figures, $69,000,000 on same date,
>r
p.
fcfc--.
From July 1 to Set t. 30. 1SS9 (:( months) gross arnings were $6,740,In 1888; net, $2,403,270, against $2, 173,577.
285, agabuu $6,481,409
To e-i nforui with the fiscal j ear of the Covernuient and several of the
Western States, the fiscal year of this company was changed in 1889 to
teiminate with June 30. J be annual report for year ending June 30,
1889 was In V. 49, p. 577, 581. |
HSMCti*1
*
November,
1889. J
KAILROAD STOCKS AND BONDS,
43
46
LNVESTOliS'.
Subscriber* will confer
<
St.
Paul (Continued)
0*
1st mort. (la. 4 M.) convert Into pref. etook
0*
1st mortgage (Minnesota Central)
M. (Iowa 4 Dakota), conv. Into pref. stock. o*
1st
1st M.,I.4D.Ext.($15,OOOp.ui.)conv. into pf.st'ko*
o*
1st M. (PralrleduChlcu)
2d M. (Prairie du Chien), conv. Into pref. st'k.o*
c*
4 Western
Milwaukee
Bt.P.4C.lstM.(Rlv.D.)$&*(conv.iutopr.stock).o'
1st
1st
1st
1st
1st
H., Chic.
& Mil. (conv. Into pref.
c*
stock)
o*
mort on Lacrosse * Dav. Dlv
o*
mort. on 8. W. Dlv. Western Union RR
mort. on Chic* Pac. Div.,Chlc. to Miss. Rlv.c*
Div. ($9,000,000) ..o*
mort. on So. Minnesota
o*
Land grant Income bonds, drawn at 105
1st M.on Hast.4 Dak.l)iv.extens.($15,000 p.m.)clst M. on Ch.Cl.D.4 M.(Dub.Dlv), s. f.,not dr'n.o
1st M. on Wis. Val.RR., s.f., 1 p.c, not dr n....c
c*
do
Priorniort.
,
o*
1st mortgage, Mineral Point Division
1st mortgage Chio. & Lake Superior Dlv., gold,-o*
....
1st M. Wis. A Minn. Div. ($20,000 p. m.),gold
1st M.. g., on Chic. 4 Pac, W. Div., $20,000 p. m..c*
Chic. 4 Mo.Riv.Div.,lstinortg., ($20,000 p. m.).c*
Gen. mort., gold (for $150,000,000) Series A.o*4r
Inc. mort convert.,s.f .,4 p.c after '88 (dr.at 105)
0*
Terminals mortgage, gold
Fargo 4 Southern. 1st mortgage, gold, assumed
.
,
. .
do
Dakota 4
I
vol.
XL1X
great fmror by firing Immediate notice of any error discovered In these Table*.
DESCRIPTION.
Miles Date
of
For explanation of column headings, 4c, see notes of
Road. Bonds.
on first page of tables.
Chicago Milwaukee
SUPPLEMENT.
incomes
Gt. South'n, 1st, gold ($18,000 per m.).
Chicago <* Northwestern Common stock
Preferred st'ck (7 p. c. y'rly, not cumulative)..
Oonsol. s. fd. M., purchasable (not dr.) at 110.
230
November,
1889.1
KAlLEOAb STOCKS AND BONDS.
4r
SUPPLEMENT.
INVESTORS'
I*
[Vol XL1X,
Subscribers will confer a ureal favor by giving Immediate notice of any error discovered In these Tables.
Bond* Prlno INTEREST OR DIVIDENDS.
DESCRIPTION.
Mil.-.
Date Size, or
pal, When Due.
Amount Rate
of
of
Par
For explanation of column headings, Ac, see note*
per When Where Payable, and by Stocktlj&tt
Outstanding
on
first
page
Band. Bonds
of table*.
Value.
Cent.
Xorthvestern (Continued)
Chit,
Madison extension, 1st M..g.(s.f.,$23.000 not dr'n)
Ohio. A Mil., 1st mortgage ($20,000 per mile)....
120
85
1871 $-i00Ae
1863
1,000
Rochester
Chic. Mil.
A No.
AN.
Minnesota, 1st mortgage
W., construction bonds
A Toman,
Chicago
A
)
guar
1st mort.,
24
153
1878
1882
1880
1880
1879
1883
18HI
1886
l.OOHAo
l.OOOAc
64
63
36
71
1884
1882
1881
18S2
deben. uot drn.lfor C.St.P.M.AO. stock). oAr*
Debenture bonds of 1909 (for $6,000,000).. c A r*
C.A N.W. Exten. bonds ($20,000 per mile) .... cat
Ottuinwa C.F.A StP., 1st
guar.($25.000 p.m.)
Dec Moines A Minneapolis KR. 1st mortgage
Eeoanaba A Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
1st M.. Southeast Div. (for $2,000,000)
do
North. HI.. 1st M. ($20,000 p. m.) guar. C AN. W.
Other small Issues (sec remarks)
Cedar KapldR A Missouri River. 1st mort
lstM.,2dDiv.,M'rch'lt'ntoDe.sM.RIv.Ab'ch.58m.
125
18 82
75
1885
1,000
"70
58
146
1861
1863
1866
1884
1877
1883
1883
1883
500 Ao.
500 Ac
500 Ac
8. f.
M
.
mort .3dDlv..DesM.RlvrtoMo River,146m
Mort.ofl884.dM .Ced.Rap. to DesM.Rtv.,126 m 126
60
Maple River 1st mortg
Fremont Elkhora A Mo.VaL.Consol.bonds
1,048
8. C. APac. CarTr.,as8'd, $40.000dr'n. yearly. c
Mo. V.A Blair RR.Br'ge, 1st. red'ble aft.'93
1st
1887-88.
11,250,974
10.420,374
$
10,026,759
9,664,972
7
Tot. dlsb'm'ts.
58,000
4.21 1.036
3,6(i9.iW9
4.320.175
4,438.177
176.0*6,646 TSa.822.3J2
s
1
f,0,822,<-53
"ll.v-9.310
(12,467.159
276.000
1,1-77.541
1,614,7(9
3.204.384
4,522,402
-180. 114.163
Liabilities
Sinking funds paid
Current bills, pay-rolls. Ac...
Uncollected coupons, Ac
Duetoroadsin Iowa
Bote of Consol'n Coal Co
Accrued interest .
Miscellaneous...
Land income account
Railroad income account
Total
41,374.866
41.374.8(15
22, h25,45-l
r,7!,183
22,32... 454
374 ,866
22,325,451
;4
1.
'84.3(i' 1
97,384,500 103.433,500 loO,l^l,o.OJ
1,331.600
1,331,599
1.331,599
4,522,400
4.320,175
4,438,175
1,291.873
2,721.369
2,050,770
135.506
122,880
147,458
790.955
316,814
1,043,092
125.000
125,000
125,000
1,574,828
1,473,536
1,552,796
115.209
167,369
157,000
714,104
1,188,546
1,570,715
4.92>. 649
4,303,639
2,994.539
176,048.646
5
4
5
7
1,007,000
2,000,000
1,500,000
531,000
6
6
5
6
"7"
7
7
7
7
6
6
6
700,000
582,000
2,332,000
769,000
402,500
7.725,000
280,000
1.000.000
1,
June
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
.B'st'n.Col, Nat.Bk
1892-1908
Aug.
Aug.
1,
I,
1,
June 1,
July 1,
Oct. 1.
Mar. 1,
Jan. 1.
May
1891
1894
1916
1909
1897
1933
1896
1923
183,822,322
See V. 49,
p.
689.
Bonds. Dividends have been paid as follows since
1877 and 1878, 8 per cent; in 1879, 10; In 1880,
SHicash and 100 p. c in stock; from 1881 to 1887, inolustve, 7, In
1888,6%; in 1889,4.
Range of prices of stock was as follows since 1876, viz.: in 1877,
82a3l05>2; in 1878, 98%9122; in 1879, 119150>; lu 1880
to July, 149^204; July to Dec (new 6tock) 100>sdl43 lu 1881. 129
3148=8; In 1882, 122S140M In 1883, 116iflal27 14: in 1884. 100H9
126%; In 1885. 105i132; in 1886, 120!8ai31; in 1887 109a 140Tg;
In 1888,94'8114 1fl; in 1369, to Nov. 22 inclusive, 89^310438.
The extension and collateral trust 5 per cent bonds of 1884 (trustee
of mortgage U. 8. Trust Co
are issued at the rate of $15,000 per mile
f..r single track, $5,000 per mile additional for equipment and $7,500
for double track. They are secured either bv the direct Hen of a first
mortgage or by deposit with the trustee of an equal amount of 1st
mortgage 6 percent bonds of branch lines. After July 1, ls94. they
are redeemable at 105 in the order of their numbers, beginning with
the lowest. The difference in rate of interact of the collateral trust
bonds and the bonds deposited (1 per cent yearly), as it accumulates, is
Invested in the collateral trust bauds if purchasable below 105; otherwise it reverts to the company. The bonds deposited te secure them
are the followine: $3,228,0 10 Wisconsin Minnesota A Pacific bonds
on road fr. in Morto Minn., to Watcri.wn, Dak., 121 miles, anil Red
Wing to Mankato, Minn 93 miles (the Wisconsin Minnesota A Pacifio
beiugoper-tedbytheMinn A- 81 Louis):.$1.280,000 St. Jo.A Iowa bonds,
onroad from Altamont to Rushville, Mo., 64 milec; and $24,617,000
bonds ($3,827,000 for equipment) of the Chic Kan. A Neb. RR Co
whvh t Apr 1 T89. had constructed 1.383 miles of road, principally
,n Kan*** ..ml comple.ed a Liu- i<> Colorado Sprines, (".l.,ln Oot., 1888.
Also $1,155,000 bonds were Issued to retire the nrs-, mort. bonds of
Kansas City A Topeka Ry. Co., owning 10 miles road, a bridge over
Kansas River and terminal property in Kansas Oity. (See abstracts of
the extension and collateral trust mortgage, and ot the mortgages
securing the bonds deposited, in Chronicle, V. 47, p. 260, 261,262.)
In August, 1889, suit was begun by the Metropolitan Trust Co., as trustee, to foreclose the Chicago Kansas A Nebraska mortgage in the interest of the collateral trust bond holders.
The fiscal year ends March 31. Annual report for 1888-9 in V. 48 p.
762 and 798. The mileage, earns., Ac, have been as follows
viz.:
in
)
$
144,161.050 148.372.056
10,321,015
6.082,295
12.4C7.159
12,282,1(0
253,000
23",0O0
1,757,952
1,846,520
2.455,296
3,000,1.78
II
.
5
1911
1,
:
1888-89.
1887-88.
Asset*
Stock, common
Stock, preferred
Stocks of propriet'rv roads, Ac
Bonded debt
Divld'ds declared, not due.. ..
6
6
1.
1898
1906
1, 1911
Deo. 1, 1902
Nov. 1, 1907
Deo. 1, 1916
Oct. 1, 1900
June 1, 1917
Sept, 1, 1908
Nov. 1, 1905
Nov. 1, 1905
Sept 1, 1905
Oct. 1, 1929
May 1, 1933
Nov. 1, 1909
Aug. 15, 1926
Mar. 1, 1909
Feb. 1, 1907
Jul J* 1, 1901
Sept. 1, 1907
Nov. 1, 1907
Mar. 1. 1910
July
July
;
$9,042,960
$622,012
$8,717,660
$1,309,099
GENERAL BALANCE AT CL08E OF EACH FISCAL TEAR.
Trustees of sinking fund
Total
M.
5A6
600,000
720,000
!87i!.
Less credit <teniB.
Road and equipment
Bonds owned
Stocks owned
Land grant investments
Bills and accounts receivable
Materials, fuel, Ao
Cash on hand
AD
A N.
AD
A. A O.
M. AS.
M. A 8
M. A N.
M. A N.
M iV 8.
A. A O.
M. A N
M. A N.
F. A A.
M. A 8
F. A A.
J. A J
M. A 8.
M. A N.
M. A S.
F. A A
F. A A
M. A N.
J. A D.
J. A J.
A. A O.
M. A 8.
J. A J. N.Y
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
,
6
6
58,000
$8,638,702
$2,612,272
1886-87.
1).
J.
"
6
8tock and
5,540,456
3,444,504
7
7
6
58,000
$9,033,867
$1,381,507
Balance, surplus
8
I*
1,600,000
Atchison.
sj
5,215,156
3,444.504
5,136,198
3,444,504
7
6
58,000
A-
N.Y. Co.'sOtllcc ,52 Wall April
1880, with $50,000,000 stock authorized, and a stock dividend of
100 per cent to the holders of Chic R. I. A P. Btock. Des Moines A
Fort Dodge RR. was leased In '87. The annual election occurs in June.
In Nov
1889, a contract for exchange of traffic was made with
$
s
5.536,363
3,444,504
I
Dividend.
4,
1888-89.
188(5-87.
$
Receipt*
Net earnings....
DisbursementsInterestondebt*
Dividends
Rate on pref
Rate on comm'n
Sinking fund. ..
I
15,461,1100
1,000
1,000
INCOME ACCOUNT.
1885-86.
I*
1,000
1,000
1,000
1
81
.V
.1.
1,592,000
4,007,500
1.350,000
3.365.000
200,000
601.000
1,528.000
1,600,000
14,457,000
10.000,000
3,869,000
1,000
1,000
l.OOOAc
5
c
Mil.
Mad. 1st in. Mil. to Mad.,gu. $20.000 p.m.
B. f.bds.dst M. col.) ($15,000 p. in.) red. at 105.. cAr
A O
A J.
J.
\*
1
12,3:16,000
.
J.
A.
$2,977,500
1.700,000
560,000
2,546,500
25 1876
Menominee River. 1st mort., guar
Menominee exten.. 1st M ,g.(s.f $20,000. not dr.) 120 1871 600 *c
Gen cons. M.,gold, s.f. 1 p.c. ($48,000,000).. OAr 1.058 1872 500 Ac.
139 1870-1 1,000
Winona A Bt. Peter. 2d mort. (now 1st), guar
187 1871 100 Ac
1st M. exten. gld laud gr.,s.f..
do
69 1870
1,000
1st mort., guar, by Chlo. * N. W.
Iowa Midland,
62 1872 500 Ac
Northwestern Union, 1st M., g., s. f
Whom.
Payable
d
186,114,163
Includes F. E. A M. V. consols and Wyoming Central RR. lsts owned
and pledge! as collateral for extension 4s of 1886, $1 1,015,000.
Includes Chic. St. P. M. A O. stock, $10,315,659; F. E. A M. V. RR.
lack, $1,966,500. Also owns C. A N. W. common stock, $10,007,520,
and preferred stock, $2,234 included on other side of the account.
common stock and $2,284 preferred stock in
; Including $10,007,520
Co's treasury.
Including live bonds 111 sinking funds May 31, 1889, of $1,417,500.
(V. 47,p. 108,182,300, V. 48, p 7C3; V. 49, p. 131,144,174,525,
!
,
,
,
.
:
1838-89.
1,592
Miles owned A oper
operations
3,705,992
3,517,624
3,720,334
3,121,607
Passengers carried.
Passenger mileage.. 129.203,401133,091,642 142,573,651 146.2s6.243
2-206 cts.
2-336 cts.
2-328 cts.
Rate per pass. p. mile 2420 eta.
5,0=.8,836
4,970.496
4,180,109
3,873,605
Freight (tns) carried
Freight (tons) mile*. 719,972,565 793.824,454 941,661,006 874,604.510
0-97 cts.
0-93 cts.
1-0 1 cts.
107 cts.
Av.rate p.tonpmlle
1380-87.
1,384
1885-36.
1,381
1837-83.
1,527
II
539.)
*
Company's freight not included.
$
Earnings
3,489,501
3,469,501
3,097,916
3,127,258
Chicago & Onto River. Line of road from 8!dells, 111., to Olney, Passenger
8,801,354
8,037,453
7,713.659
86 miles. This Co. was organized in 1886 as successor of the Dauville Freight
1.21 - .372
1 ,183,68 1
1.218,372
1.163,431
Olney A Ohio River, foreclosed in Feb. 1886, An extension to the Ohio Mail.expr's.Cnts.Ac
Rlverls projected. Income bondsareconvertiblelntostockfortlv.' yean Gross earnings
12,004.348 12,319,050 13,509,727
from May 1. '86. Grots earnings n 1887-88, $.=)6,933: not, $l,71(i; de- Operating expenses
7.501,809
7.166.893
8,712,0d0
In 1386-87. gross, $75,377; net over op
ficit under interest, $15 2e5.
eratinr expenses and fixed charges. $1, 639.
N. Y. City. (V. 44, p. 21, 289, 308.)
Austin Corbin, President.
Chicago Rock Island A
Pacific. (See Map.) -LINE OF Road.
Owns from Chicago to Council Bluffs, 500 miles; Davenport. la., to At
342 Atchison Junction to Leavenworth, Kan., 22; Washchison, Kan.,
ngton, la., to Knoxville. 78: South Fnulcwoort to South Chicago, 8; Wll
X.wtoi. (.> Monroe, 17; Des Moines to Imlianol.i
t< n to Muscatine. 12;
and Winterset, 47 Menlo to Guthrie. Centre. 11; Atlantic to Audubon,
to Griswold. 15; Avi.cn to Harlan. 12: Avoca to Car25; Atlantio
4.837,455
Net earnings
P.c.of op.ex.to earn.
son, 17; Mt. Zion to Keoc;tui|iia. 4; Wilton to Lime lvilns, 6; Al<atuoul
to St. Jose, h, 50 miles; Bo. 81 Joseph to Rushville, 1". miles; Kan. City
to Armourdale, 2 mi'es; total owned, 1,186 miles. Leases: Cameron,
Mo to Kansas City, 54; Bureau Junction to Peoria. 47 miles: Keokuk
to Des Moiues. 162; Des Moines A Fort Dodge RR., Des Moines to
Fort Dodge and Ratbven. Ml miles total leased, 407 miles. Total
operated, April 1, 1H89. l.f>9;i miles.
The Chic Kan. A Neb. mil- age was as follows April 1, 1889. Owned,
Elmwood, Kan., to Liberal, Ran., 440 mi cs; Herlngton, 8
Pond Creek, I. T.. liO miles: Ilerln tou, Kan., to Salina Kn.,49
mi'es; Hoiten. Kan., to P.. swell Col., 569 miles; Falrbury, Neb. to
Nelson Neb., 51 miles; Mi-Far aid, Kan., to Belleville, Kan., 104 tulles;
D.nlge City to Buoklln, Kan.. 20 mile; total owned. 1,888 miles;
leases trackage Kansas City to No. Topeka, and Liiuon, Col., to Denvcr
(over Un. Pac. UK.), and Denverto Pueblo (over Den ver A Rio Grande)
;
276 miles in all; total, 1,(164 miles
Organization The Chicago A Rock Island RR. was chartered
II
inois Feb. 7. 1851, anil
July, 1854.
in
opened from Chicago to the Mississippi Kiver
The present Chic
R.
I.
A
Pacific
was a oonsolldation Jnne
1.0H.608
12.841,029
9,12 7,199
4.814.211
4,7i'.-.667
3,713,830
6092
64-71
7108
INCOME ACCOUNT.
1885-6.
;
:
5970
3,367,001
8.44O.420
Receipts
Net earnings... ..... .
From land departm't
!'ir
fr Mil
l're'o. Oil
IT
$
4,837.455
1886-7.
3 713 831
220.000
193,170
844,000
'lao'.ooo
310,000
(hi
Balance, surplus....
5,147,455
*R
301,995
1,213,250
463,000
164,784
2,937,186
7
5,080,215
67,240
1888-9.
$
4,767,667
'
bonds, AC .
K. A Neb. int..
Total Income
Disbursements
Rent leased roads ..
Interest on debt
Ad.ru and Imp. acc't.
Miscellaneous*
Dividends
Bate percent
1'otal disbursements
1887-8.
$
4,814.240
5,044,240
$
303,762
1,320,667
6,024,837
$
411,400
1,810,778
$
1682.498
114,487
1.416.442
6,0.7,259
$
|1,865,788
2,282,210
229,726
170,922
2,937,186
206,388
3,010,518
7
4,73^,537
5,439,034 7,031,193
885,753 def.974.235
7
311,703
2,653,824
b\
Includes rental and tolls Mo. River Bridge.
.
.,.,,
Riv. from June 1, '87, to Mch. 31. c9.
t Net earns, of lines west of Mo
Includes remal paid to C. K. A N. June 1, 1887, to Moh. 31, 1889.
(V.47,p. 21, 81,108,260,327,499,745; V. 48, p. 222,462, 762, 798;
V. 49, p. 208, 089.)
*
;
November,
1889.]
R.VILSO
D STOCKS AND BONDS.
19
ao
INVESTORS'
SUPPLEMENT.
[VOL.XUX
Subscribers will confer a great Imror by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on first page of tables.
d Xorihtc.(Oon)0ioax City 4 Pao. 1st Di2d mort. (Gov't subsidy)....
do
do
pref. stock (1st M. on 6 m ).
Ohio Rircr. 1st luort. (for $500.000)
CMeapot*
Income bonds, couv. Into stock till May, 1891
Chicago Hock Island J Pac St'ck (for $50,000,000)
Okie.
.
1st mort., Chic, UL, to Council Bluffs
A
.
.
br'ohs.c'
Chlo.A Southw.. IstM.g. (g'dincur.by C.R.I.AP.)
1st M. ezt.and col.($20,000p.ui.),rcd.aft.'94,cAr.
Chicago St. Lou it 4 1'ilM. Common stock
Preferred stock (6 per cent cumulative)
o*
1st M..oonsol. gold ($22,000,000)8. fund
1st M. Chlo. A G't East. (Chic to Logansport>..o*
A Ind. Cent. (Colnm. to ml. and br.ho"
do Col.
I
do Union A Loganspt (U'n City to Logausi.odo Cinn. A Chic Air Line(Rlch. to Logans.). o*
0*
2d M. Col. A Indianapolis Central
Chic. St. P. A Kan. Oify- Priority loan, red. at 105..
1st, H., g.
o*
(red'Uan., 1S96)
Minn. A Northwest'n 1st M.,g., $16,000 per ni..o'
General mortgage
Income bonds (conv. Into 5 per cent pref stock).
.
Chic.
St.
Paul Min'poli* <* Omaha
Common stock.
.
.
Pref erred stock
Consol. mort.for $30,000,000 ($15,000 per m.).o*
o*
Chic 8t. Paul A Minn., 1st mort., gold
c*
North Wisconsin, 1st mortgage
8tP. A Sl'x C, 1st M.,g.($7,OOO,0O0) JlO.OOOp.m.o*
c
St. Paul Stillwater A Taylors' Falls, 1st mort
Hudson A River Falls. 1st mort
East RK., 1st mort., guaranteed... .0
Minneapolis
,g., s. f., dr'n at 105.0*
Chic. <* West. Indiana 1st
o*
Oen'l mort., gold, sinking fund, red, at 105
M
November,
EAILROAD STOCKS AND BONDS.
1889.J
51
MAP OF THE
CHICAGO, ST. PAUL & KANSAS
^
RAILWAY.
S
POEMKaLT MINNESOTA AND NOBTH-WESTEBN RAILBOAD
Jittch
L
vOuluth
.Detroit Cy.
N. P. June
^1^"
\
tv
#
[Iniberly
Ashland Juried
I
La<:s
Ivansvflle
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lauk CeMrV^
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4
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y
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Chicago J4 4
<5
7\
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y
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\
\Rice Late
Westbero
MontlcelloS
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Bloom ei\
3innstonla
Montevideo
8;
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Bird IsTd
Hudson
L.
i-hi.
Abottuford
5-
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CJ^ntonj^rulton
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Savanna
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"111
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Casc^oo
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tPf Oibspn
'
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8.
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OalUitin^
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=^JI
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^7 KlrkHvpie^-V"
/ Jameson^
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Milaniy-*"
^Albany
Qutoe7QKiu nc >
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JOSEPh
^x W.
ilTuscolA
8.
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lameron
p
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<y
^1'attSbargh
*'*\
.
l
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^fer!T
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llt
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VandaliaJ
"Warrensburfrm
Sedalu
EjurrisonviUe
)fX>awat&mle
_
iT*pton
$-
/>os^M^~u^
^r7inl'ltam
&wto.n
YOlney
as
INVESTORS' SUPPLEMENT.
Subscriber* will coaler a crest faror
DESCRIPTION.
Chicago it West Michiqan Stock, new
Or. Bap. Newaygo * Lake 8b., RR.lst inort. ..o*
Oen'l M. ($12,000 p. mile), 1st M. on 242 miles c"
CMppetca Valley- 1st M. g. $4. for$l,800,000...0'
Cincinnati Hamilton <* Dayton Stock
Preferred stock. 8erles A 4 B
0*
Oonsol. mort. ($096,000 are 7s) $&*,s. f
2d mortgage, gold
0*
cin. Ham. 4 1. (Junction) RR., 1st mort.. guar
Cinn.Jack.it Hack
Dt.coiisol., g.($l 0,000 p.m.) <'
o*
Cincinnati Van Wert 4 Mich., 1st mort
do
do
2d M.,luc, non.cum..red. at 100
Cincinnati Lebanon it Nor. 1 st m. (for $200,000) .0
Cincinnati it Muskingum Valley 1st mortgage
o
Cincinnati New Orleansit Texas Pacific BtoeK
K chmmid
it
Chic.
1st mort.,
guar
Richmond it Ft. IT. 1st mort., gold, int. gu c
Cincinnati Sandusky it Cleveland Stock
Preferred stock.
lstM.,8. Day.4C.(YIad.R.4L.E)8 f dr'n at 100.C
o
2dmortg. Cine, Sandusky 4 Cleve
Consol. 1st M. ($3,000,0110) gold
Cincinnati <t Springfield 1st mortgage, guar
c
2d mortgage
Cincinnati Wabash it Michigan M. for$l, 000,000.0
Cine in. Washington <t Bait. Cin. 4 Bal 1st .M . .0
Baltimore Short Line, 1st mortgage, assumed ..o
c
Prior lien mort., gold (1st M. on 246 miles)
lstM.<6ub).toaboveM.),g.(*6,250,OOOare4>ssgu.c
c
2d mortgage, gold
3d mort., gold (3 pr. ct. for 10 years and 4 after) o
c*
1st Income mort., non-cumulative, gold
,
.
,
2d income mort., non-cumulative
giving Immediate aotlce of any error discovered la these Tables.
Miles
For explanation of column headings, 4c, see notes
on first page of tables.
Cin.
Oin.
bjr
o*
[Vol. XLIX.
November,
1S89.1
KAILKOAD STOCKS AND BONDS.
93
SUPPLEMENT.
INVESTORS'
31
[Vol.
XL1X.
Subscribers will confer a great favor by giving Immediate notice ot any error discovered In these Table*.
DESCRIPTION.
Miles
Data
of
of
For explanation of column headings, die, see note
Kuad. Bonds
on first page of tables.
Vtneinnalt Washington
&
Baltimore
A kron
<t
281
281
281
281
IDS
144
194
161
OolumLus Stock
1st mort., gold, redeemable at par after 1890.. .c*
c
General mortgage, gold (for $1,800,000)
Cleveland <c Canton 1st mortgage
Cincin. Chic. <t St.Loms- Common stock. 1,152
Cleveland
Btock, preferred, 5 per cent non cumulative
1,152
Laf M., 1st on 64 miles
151
Indianapolis Clu.
21
o
On. A Ind.; 1st mortgage
A
Amount
Par
Outstanding
Value.
Bond* Prlno:INTEREST OR DIVIDENDS.
pal. When Dm*
Da When Where Payable, and by Stocks Last
.
Rate
Cent.
Whom.
Payable
Dividend.
Continued.
New 1st mortgage (guar, by B. A O.hgold
Vew 1st pref. Inoome mort., not cum., gold
New 2d prof, income mort., not cum., gold
New 3d prof. Income mort, not ouin., gold...
Cleveland
Size, or
.
2d mortgage...
do
o
Gen. 1st M.g.,C.I.8t.LAC.s.f.lp.o.b'dsnotdr'n.cftr
I. St. L. AC, drawn at 105,8. f.lp.o..o*
Con. M.'C.
Cincinnati Lafayette A Chicago]lst mort., gold, o.
1st mort. Bel. A Ind. (part due yearly)
C. C. C. & I. sinking fund
do
Con. M.C.C.C A I. (s.f .lp.o.)dr"n at 100 if unstrop'd
Gen. con. M.C.C.C. * I. g. (for $12.000,000). .c\ir
Indian. A St. L. 1st M., In 3 ser. of $667,000.. c
Mort. for $2,000,000, gold, Indianap. to Terre H.
Clevel. Lor. * Wheel. CI. Tusc. Val. A W. 1st M.. ..
Cleveland <t Mahoning Valley Stock
1st mortgage, extended
0*
3d mortgage (now 2d)
o*
Consol. mort. for $3 ,000.000, (rcg. Int. Q. J.) c*r
CAr
Cleveland <* Marietta. 1st mortgage
Oleve. et Pittto. Stock, 7 p. ot. guar, by Penn. Co..
o
4th mortgage (now 1st)
Consol. slab, fund mort. for $5,000,000,notdr'n.c
21
389
175
56
119
391
391
391
72
72
158
125
67
67
125
225
199
199
A
J,
J.
2*- M. A
&
1890
J.
8.
4>* g J.
Jan.
1,
1990
%*
5g.
1886
1S87
1SS7
9100
500 Ac.
500 Ac.
$1,000,000
200,000
1,131,000
1,000
20.500.000
10,000,000
395.000
297,000
742,000
6,776.000
776,000
820,000
216,000
3,000,000
4.073,000
3,205,000
2,000.000
500,000
700,000
2,759,200
654,000
487,900
1,500,000
600,000
11,247,036
1,104,844
1,982,000
1867
1,000
1862
1,000
1 .000
1867
1886 1000 Ao
1880
1,000
1871
1,000
1864
1,000
1
869
1874
1884
1869
1882
1878
S*
2,<:00,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
50
1873 500 Ac.
1876 500 Ao.
1888 l.OOOAc
1887
1,000
50
500
1862
1867
1,000
J.
&
N. Y., J. A. Horsey.
do
do
7
Q.'-J.
P.
A.
7
7
J.
J.
A
A D.
A J
Q.-F.
MAN.
J.
7
M.
A S.
A J.
A N.
7 or 6 g. J. A D.
J. A J.
Various
M. A N.
A. A O.
Quar.
g P. A A.
7
M. A S.
g J. A J.
l
F. A A.
1%
Q.-M.
6
J. A J.
7
M. A N.
M.
'
-
Mar
J. N.Y.8.V. White; Bos.I.Tr
Drexel, Morgan
U
April l, 1889
Jan. 1, 1926
do
do
July
A Co.
1,
1,
1927
1917
do
do
Oct. 1, 1S89
do
Feb. 1. 1897
do
do
do
Deo. 1, 1893
do
do
Jan. 1, 1893
do
do
Aug. 1, 1936
do
do
May 1, 1920
do
do
Sept. 1, 1901
do
do
UntilJan.1899
do
do
May 1, 1899
do
do
June 1, 1914
do
do
Jan. 1, 1934
do
do
July 1, 1919
do
do
Nov. 1, 1913
N.Y.. Union Trust Co.
Oot. 1, 1898
Cleveland, OfHoe.
Sept.10, 1889
N. Y. Winslow, Lan ACo. Aug. 1, 1893
do
do
Sept. 15, 1896
do
do
Jan. 1, 1938
N. Y., John Paton A Co.
Aug. 1, 1937
N. Y., Farm. L. A T. Co. Dec. 1, 1889
do
do
Jan. 1, 1893
do
do
Nov. 1, 1900
!
!
.
.
,
1888, default was made in payment of coupons on some of the 1st stock, with the exception of the $5,000,000 4 per cent 100-year bonds
mort. bonds, both 6s and 4>ss, and on Deo. 31, 1888, Col. Orland Smith proposed to be issued for the acemirement of the Cairo Vincen. A Chio.
and Henry C. Yergason were appointed receivers. The Baltimore & Ohio Railway. The first annual statement, with the balance sheet, was in
had a prior lien against the property in a judgment fr $1,220,398. the CHRONICLE, V. 49, p. 578.
The common stock was $5,886,100; pref., $12,u93.200 par $100.
Price of stock has ranged as follows: Common in 1889 to Nov. 22,
Of the first mortgage bonds, $1,250,000 bear 6 per cent, the balance inclusive, 58*a to 78%: preferred In lt-89 to Nov. 22, inclusive, 96 to
bear 4% per cent and are guaranteed by the Bait. A Ohio RR. Co. The 103"a.
Baltimore Short Line mort. covers 30 miles of main line from
Of the Indianapolis A St. Louis first mortgage bonds series "A" are
Bel pre westerly. On the certificates for 4% 1st mort. bonds, interest J. A J. ; series "B." M. A S. ; series "C." M. A N. ; and the C. C. C. A I.
from Nov. 1, 1889, to Jan. 1, 1890, was paid in November.
RR. guaranteed $750,000 of them. Of the 6 per cent bonds the C. C.
The road was sold Sept. 19, 1889, to Mr. E. R. Bacon, of the com- C. A I.
owned $1,500,000 (on which no Interest Is paid), and the
mittee, and the plan of reorganization was given at length in the other $500,000 (giyen above) are owned by the Penn. RR. Co.
of July 20. (V. 49, p. 82.)
Chronicle
The sinking fund provision of C. C. O. A I. consolidated bonds may
Jan. 1 to June 30 (6 mos.) gross earnings were $972,262, against be canceled at option of holders, and the bonds so stamped.
The 0. 1. St. L. A C. 4 p. c. mort. for $10,000,000 (Central Trust Co. and
$972,202 in 1888; Let $223,369, against $214,813.
Report for year endiDg Dec. 31,1888, was In Chronicle, V. 48, p. Hervey Bates, trustees) will retire all prior bonds as they fall due. The
826, Bhowing the following
sinking fund for these bonds is 1 per cent yearly of the amount of out
standing bonds payments lapse when bonds oannot be purchased at
;
RR
:
;
INCOME ACCOUNT.
1885.
Gross earnings
Net earnings
Disbursement!
Int.
$1,705,270
$240,440
on bonded debt..
Otner
int.
Amiseel
$693,275
1,213
1886.
$2,010,406
$547,463
$693,175
408
1887.
1888.
$2,050,534
*$501,856
$2,238,004
$622,161
$693,175
?
$892,682
Total dlsbursem'ts .
$694,488
$693,583
$693,175
$892,632
Balance, deficit
$154,048
$146,120
$71,011
$390,826
<V.46,p.S36; V.47,p. 285.498, 801; V.48, p. 37, 66, 100, 127, 326, 589,
826; V. 49, p. 82, 236, 372, 580.)
Cleveland Akron
A Colnmbus
Railway. Owns from Hud-
ton, O.. to Columbus, O., 144 miles, and branch, Kilbuck to Lanesville,
50 miles total, 194 miles. The Cleve. Mt. Vernon A Del. was sold In
foreclosure in r882, and rcDrganizcd under this title in Jan., 1886. The
let mortgage bonds may be redeemed after 1890, and of the general
mortgage sufficient were held to retire the firsts. Gross earnings
;
102% and interest.
From July 1 to Sept. 30
(3 mos.), gross earnings were $3,217,072 in
1889, against $3,057,484 In 1888; net $1,167,172, against $1,077,610.
The earnings of the roads consolidated for the year ending June 30,
1889, were $11,453,992 gross, the operating expenses were $7,594,171, leaving net earnings of $3,859,820, and the fixed charges per
year will be about $2,875,000. (V. 48. p. 799, 854; V. 49, p. 21, 470,
578,580,616,680.)
Cleveland Lorain A Wheeling. Owns from Lorain, O.. to West
Wheeling, O., 158 in., and branch to Bellaire, O., 6 in. The Cleveland
Tuscarawas Valley & Wheeling was sold in Feb., 1883. and reorganized
as Cleveland Lorain A Wheeling. Common stock is $1,000,000 and pref.
$1,600,000. There are also $150,000 C. L. A W. 1st mort. 6 per cent
bonds (Int. J. A J.), due July, 1895, and $163,000 car trusts, due 1889,
'90 and '91. In 1888 grosi earnings were $1,169,60 '; net. $150,250;
surplus over Interest, $295,250. In '87 gross earnings were $1,102,882;
net, $366,021. Div. 3 p. o. on pref. stojk in '87, 2 p. c. in 1889. (V. 46,
p. 609, 676. V. 48, p. 633, 687.)
A
Cleveland
net, $129,295; surplus over interest, Ac, $34,778;
Mahoning Valley. Owns from Cleveland, O.,
Gw>ss In '87, $609,530; net, $151,102; surplus over fixed charges, to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., aud branches,
$83,901, out of which paid dividend (1% per cent) $60,000. Report 44 miles; total operated, 125 miles. A new lease was made to the refor '88 In V. 48, p. 687. (V. 4?, p. 687.)
organized New York Penn. A Ohio RR. till 1982; the rental is $502,180
Dividends in 1885 to 1888, inclusive. 11
cent yearly. The
per
Cleveland
Canton. Line of road Cleveland to Coshocton, O., newyear. in 1888 (trustee of mortgage, Cent,=8 per Co.) were for
bonds
irust
115 miles; Canton to Sherrodsville, 43 miles; small branches, 8 miles;
double-tracking between Cleveland and Yonngstown. for teniinals,
total, 166 miles. Made standard gauge In Nov.. 1888. TheConnotton and
$1,141,000 reserved to retire prior bonds in 1893 and 1895. (V.
Valley Railroad was sord in foreclosure May 9, 1885, and this company 46, p. 708 V. 47, p. 593, 596.)
w*8 organized. Capital stock is $3,067,300 common and $7,582,100
The mortgage of $2,000,000 was Issued to change
Marietta. Operated from Marietta, O., to Canal
Cleveland
preferred par $100.
the gauge to standard, Ao. (See V. 46, p. 228.) The full report for Dover and branch, 99 miles, and 7 miles, Valley Junction to Canal
year ending June 30, 1888, was in V. 47, p. 533. Gross earnings for Dover, leased. The road was foreclosed for the second time in May,
year ending June 30, 1869, $390,21 6; net, $122,347. The gross earnings 1886, and reorganized, and $2,000,000 new stock issued. In year
for year ending June 30. 1888, were, $385,361; net, $124,675; sur- ending Juno 30, 1887, gioss earnings were $100,617; net, $63,103
plus over interest. $99,252.
surplus over interest and rentals, $34,332. In 1887 8, gross. $326,215;
From July 1, '89, to Sept. 30, '89 (3 months), gross earnings were net, $60,761. A. T. Wikoff, Pres't,, Cambridge, Ohio.
$122,818, against $99,464 In 1888; net, $41,088, against S32.435. (V.
46, p. 200. 227, 320. 448. 480, 481, 677; V. 47, p. 81, 498, 538, 664;
Cleveland
Pittsburg. (See Map Penn. RR.) Cleveland, O., to
V. 48, p. 127, 122, 799.)
luinoinu, Pa., 124 miles; m, inches Bay ard, O., to New Phila., 31
Rochester, i., i*-. uiuvo, branches Bayard,
miles; Yellow Creek to Bellaire, 43 miles leases, Rochester to Pittsburg
Cleveland Cincinnati Chicago
St. Louis. (See Map.)
total operated,
The property was
(P. Ft. W. A C), 26
Owns Cleveland, O., to Columbus, O., 138 miles Gallon, O., to In- leased for 999 yearsmiles; Dec. 1, 1871, to 225 miles. Co., and lease transfrom
Penn. RR.
dianapolis, 203 miles; Delaware to Springfield, 50 miles (these three ferred to Penn. Co.
May 1, 1872. Rental, 7 p. c. on existing capital (10
lir-es.J 391 m., compose old C. C. C. A I.); Cincinnati to Lafayette (old
c. on the old) and $10,000 per year for company expenses, t he -lessees
Cin. Ind. St. L. A Chic.), 175 miles, and branch, 3 m.; Indianapolis to p.
all liabilities.
Terre Haute (old Ind. A St. L.>, 72 m.); total owned, 641 miles. Leases assuming
For the year 1888, the gross receipts were $3,221,154, and the de
and operates:
Cin. Laf. A Chio. (the entire stock owned). Templelicit to lessee after making all payments was $122,168, against a deton, Ind., F. to Kankakee. 111., 75 m.; F. A M. RR. (entire stock owned
no debt), Fairland, Ind., to Martinsville, 38 m.; Vernon Green. A R. RR. ficit of $27,248 in 1887. (V. 48, p. 99.)
(all bonds and 70 per cent stock owned), North Vernon, Ind., to RushCleveland St. Louis A Kansas City. Projected from Alton,
vllle, 45 ro.; Col. Horc A Green. RR. 'all bonds and 61 per cent stock
over the Missouri, to Kansas City, 275 miles; and
111., with
owned), Columbus to Greensburg. Ind., 24 m.; Kankakee A Seneca RR. from Altonbridge Louis, 20 miles completed from St. Charles, Mo., to
to St.
(one-half stock and bonds owned), Kankakee to Seneca, 111., 42 m.;
22 miles, and under construction between St. Charles and Alother lines, entire stock owned no debt, 12 m.; Cin. A Spring, (leased Matsens,
20 miles, and from Matsens westerly 30 miles. This is the ,'ontral
for 99 years 55 per cent stock owned), 8| ringfleld, O., to Cincinnati, ton,
sola in foreclosure and reorganized. Trustee of first mort 80 m.: St. Louis Alton A Terre Haute and branch (leased), 193 m.; Missouri RR. Tr.
Co., of bridge mortgage, Holland Trust Co. The latte r
gage is Cent.
Cairo Vincennes A I hie. and branch, 270 m.; branch leased, 2 ro.: traokprovides for the biieiging of the Mississippi at Alton and the
aee, 111. Cent. Into Chicago, 56 m.; total operated, 1,478 miles. Also mortgageat St. Charles and Arrow Rock; it covers also terminal propMissouri
owns jointly Dayton A Union RR. (operated separately), 47 m.
and Kansas City, for which and the St. Louis
The Cleveland Cincinnati Chicago A St. Louis Railway Co. is a con- erty in Alton, St. LouisIs to be
used, the balance being rererved for the
solidation of the Cincinnati Indianapolis St. Louis A Chicago Railway bridge $1,500,000 only
other bridges, if required. 8tcck
$1.5(0,000 par $100. (V. 48,
Co., the Cleveland Columbus Cincinnati A Indianapolis Railway Co.
p. 688.)
^
and the Indianipolls A St. Louis Railway Co., made in July, 1 889. The
ml888, $r9?,977;
A
;
A
;
;
A
A
;
:
;
;
stock of the consolidated company was exchanged for the old stocks as
follows: For each share of C. I. St. L. A C. road 1 share of new pref. and
30 i er cent ol one share of common; for each share of the C. C. C. A I.
$1131^ new common stock for $100 of old stock, and In addition $3i-i
new slock to ea<h share of old on account of the Indianapolis A St.
Louis stock.
The consolidation agreement piovides that the consolidated company shall not Issue any evidencef of funded debt or execute any lease
of railway preperty which may entail increased fixed charges,
except
.1
by ttirrrrrent of a n fjority in 'uteiest o
holders of taid pre fened
Colorado Central iSee Map of Vr.ion Pacific) Denver to Golden
16 miles; Ralston Junction to Colorado June, Wy., Ill miles (inch 9
miles lease4); Julcsburg to La Salle, 151 miles: and narrow gau^o line
from Golden to Georgetown, 35 miles, and Forks Creek to Central City,
11 miles; total opeiated, 3? 8 miles. Itis owned by the Union Pacific,
which holds the stock ($C. 230.301 ) and $4,697,000 ot above bonds.
The mortgage ti ustees are Fred. L. Ames and Jay Gould. Of the old 8
per cents, due 1892, $87,000 are yet out. Gross earnings in 1888,
$1,552,051; net, $419,719; int., $336,030; dividend $P3,454; def. under
t barges
$13,006.
NOVKMBBR,
1889.]
KAILKOAL* STOCKS
AND
BONDS.
S3
A6
SUPPLEMENT.
INVESTORS'
[Vol. XLIX.
Subscribers will confer a great favor by givtnz Immediate notice or any error discovered In Ihne rabies
Bonds
I.NTKREST OR DIVIDENDS.
DESCRIPTION.
Miles
of
Cleveland <t ntttburg {Continued .)
"A"
Oonstr'n and equlp'tlnc. bd., 8er. "
Date
Sire, or
of
Psi
liuail.
For explanation of coltiinn headings, Ac, see notes
on first page of tables.
Bunds.
Vulue.
Outstanding
1873
1873
1888
lsss
1879
886
ISMS
1SSH
1SSS
1881
1881
1868
1MH4
1888
$1,000
$1,537,000
463,000
S.f.drn.c
1
B" 5 al 100.0
do
8er.
dKans. City 1st M. (for $7,000,000). o
Bridge and Terminal M. for $4,000,000, g
do
22
Olev. SI. L.
c
Colorado Central lt M. ($15,000 per mile)
Colorado Midland 1st m., gold ($25,000 p. nilleJC
2d M.( 1st M.Jerome P.
Br.), Inc.
cum.
328
252
267
267
tili'91,g..c*
(for$J,000,OOf),g., Income cum. tiU'93..e*
Equip bds. ($500,000), dr'n at 105 (s.f. ln'91). o'
0*
Columbia 4 Greenville -1st more, gold
;dM.
i'64
164
40
71
62
325
121
o*
2d mortgage
Columbia it Port Deposit 1st mortgage
c*
Columbus <t Ctnn. Midland 1st more.
Columbus it Eastern 1st m. for $3,000,000 gold. o*
Columbus Hocking Valley <* Toledo -Stool
Col. A H. V. 1st M., (reg. $500,000 by Tress.). o*
o'
t'oL A H. V. 2d mortgage
o*
Col. A Toledo, 1st M. (Columbus to Toledo)
do
do
2dM.
do
o*
Ohio A W. Va., 1st M
e'
Consol. mortgage, gold (for $14,500,000)
Gen. M., g., on road A Hocking Cool A RR. Co...c
121
118
118
85
325
325
44
Cincinnati Stock...
Columbus Springfield
c
1st mortgage
Volumbus it Xenia Stock ( 82 3 p. o. r'l P. C. A St. L.:
1st mortgage
RR.gua's lease. o*
o'jPenn.
<
d Claremont
(AT.
[
Colorado Midland.
1
1,000
1,000
1881
1871
1,000
1,000
50
500 Ac.
100
100
100
200 Ac.
1873
1881
1,000
Map)-Owus from
Colorado Springs to
Jerome Park branch, 15
New Castle, Col., 233 id.; Aspen branch, 19
m.: total, 267 m. At Colorado Springs connection Is made with Denver
and Pueblo over the Atchipon Topeka A Santa Fe. The stork Is
$8,000,000; par, $100. Sen abstract of 1st mort. In V. 45. p. 540, and
application to Stock Exchange In full In V. 48, p. 69. Central Trust Co.
of New Yoik Is trustee of the 1st, 2d and 3d mortgages. Interest on 2d
and 3d mortgages cumulative, but payment not obligatory till 1891 and
1893 respectively. In 1888 gross, $1,369,410; net. $263,767; deficit
under year's charges. $95,573. (V. 48, p. 69; V. 49, p. 206.)
Columbia A Greenville (S. C.) {See Map of Rich, dt W. P. Term )
The oompany owns from Columbia to Greenville, 8. C, 143 m.; branche s
to Abbeville and Anderson, 21 in.; total 164 m. Also owns Laurens RR.,
31 miles; and leases Blue Ridge RR., 32 m., and Spartanburg Union A
Col. RR., 69 m. Total operated, 296 miles. The Greenville A Col. road
was sold in foreclosure April 15, 1880, and reorganization was made
under this name. Preferred stock, $1,000,000; common stock. $1 ,000,000; par of shares $1C0; due other companies Sept. 30, 1888, $399,350.
All the common stock was pledged by the Richmond A W. P. Terminal
Co., under its collateral truBt deed, and in May, '86, the road was leased
to the Rich. A Danv. RR. Co. In year ending Sept. 30, 1887, gross,
earnings on all lines were $.' 59,468 net, $102,264; Interest and rentals,
$242,176; deficit. $139,912. In 1887-8, gross earnings, $620,073 net,
$193,165 interest and rentals, $247,025 def. $53,860. iV. 46, p. 699).
Columbia A; Port Deposit. Owns from Columbia, Pa., to Port
Deposit. Md., and branch, 44 miles. Operated by Penn. RR.Co. (which
owiib $1 ,822,000 7 per cents) as agent, but arrangement may be terminated on three months' notice by either party. Rental, net earnings.
In June, 1869, Penn. RR. filed a suit to foreclose The mortgage.
Rental in 1887, $61,648; deficit under charges. $70, 03; in 1888, rental $139,S13; surplus over charges, $1,325. Capital stock, $497,100,
par $50; floating debt (coupons) $1,058,120 in 1889. (V. 49, p. 21.)
Columbus A Cincinnati midland. Line of road, Columbus, O.,
to Clinton Val., O., 71 m. Opened in Nov., '81. Stock, $2 ,000,000. The
company has a 50-years traffic agreement with the Bait. A Ohio and Cin.
A Bait, companies. Gross earnings in '88, $355,825; net, $120,532;
The
interest. $120,000; other payments, $15,000; deficit, $14,468.
bonds are to be made 4>s per cent, guar, by Cent. Ohio and Bait. & Ohio.
Orland Smith, President, Cincinnati, Ohio. (V. 49, p. 579, 616, 653,
(See
m
;
;
;
;
;
1
W
Columbus ic Eastern Railway. Owns
Oolumbus June O.. (iunoJune O., to Cannel,
Alum Creek June, m.;
CCA 44tom.; Redfleld branch,5 8 m.;Hadley
other
O
C
I)
,
branches, 5 m.; total
owned, 62 m. Leases Alum Creek June, to Hadley, 0., (used jointly with
Tol & O Cent.) perpetual lease, 24 m.; Cin. A Musk. Valley to Zmesvllle,
C Al.,1 m.; other, 3 m.; total operated, 95 in. The Col. A
5 m.;
Eastern Kit. was sold Aug. 10, 1888, and ihls company formed. Common stock outstanding, $1,000,000; pref. $1,000,000; par both $100.
In year ending June, 30, '88, gross earns . $168,536; net, $25,736;
trackage, $25,585; terminals, equipment, etc., $42,759 deficit, $12,608.
ville
CC
;
Columbus Hocking Valley A Toledo. Owns
to
main line from
Athens, 26; Logan to New
Toledo to Pomeroy 256 m.; branches Logan
Straitsville, 13; Monday Creek JunctoNelsonv'e, 17; others, 13; tot., 325.
This was a consolidation In July, 1881, of the Columbus A Hocking Valley, Columbus A Toledo, and Ohio A West Virginia. Of the
consolidated mortgage $6,500,000 was reserved to meet the prior
liens; the "Hocking Coal A RR." Joined in making these bonds. The
Central Trust Co. cf New York la trustee. The general mortgage of 1 884
covers the road, and is also a mortgage on the coal property of the
"
Hocking Coal A RR. Co.," whose stock is owned by the C. H. V. A T.
The divisional bonds originally had sinking funds, but upon issue of
consol. mort. of 1881 sinking fund payments were discontinued.
A combination was made in 1885 with the reorganized Ohio Central
by which the company went under one management, as per the circular in V. 40, p. 597, and the C. A H. V. guarantees the Interest on the
T. A O. C 1st mortgage bonds.
Dividends Bince '81 nave been: In '83, 2 1 p. c; In '85, 13% In stock;
Cent.
Payable
7
7
J.
J.
J.
F.
A
A
A
A
A
A
Whom.
do
AT.Co
do
J.
D.
A.
N.
do
do
N.Y.U.P Of.AUn.Tr.Co
N.Y., Central Tr. Co.
New York
do
Dividend.
1, 1913
1, 1934
1, 1987
Aug. 1, l'.i.'S
July 1, 1909
June 1, 1936
Feb. 1, 1918
1, 1913
March 1, 1898
Jan. 1, 1916
April 1, 1923
Feb. 1, 1893
Jan. 1, 1914
.Jan.
Jan.
oec
N.Y., Holland Tr. Co.
A.
Due.
Stocks -Imki
i
N.Y.,Faruiers'L
Prlncl
pal, When
Where Payable ana by
A.
MA
.A
City.
do
May
Bands A Co.
A Dan. 2 Wall
do
Penn. RR.
S. N. Y.. 8. 8.
J. N. Y., Rich
A
A O.
do
A A.
Phlla.,
J. A J. N.Y., Farm's' L.ATr.Co.
New York City.
J. A J.
Sept. 15. 1938
Aug. 19, 1885
A.AO. N.Y .Atlantic Trust Co Oct. 1, 1897
J. A J.
do
do
Jan. 1, 1892
F. A A.
do
do
Aug.. 1905
M. A S.
do
do
Sept., 1900
M. A N.
do
do
May 1, 1910
M. A 8.
do
do
Sept. 1, 1931
do
J. A D.
do
June 1, 1904
Bost. ,3 Merchants' Row Sept. 2, 1889
F.
-
50
1860
1874
When
520,000
4,701.000
6
6,250.000
6 f:
1,500,000
2,159,000
6g.
500,000
2,000,000
!
1,000,000
7
1,882,000
6
2,000,000
5 g.
1,260,000
11,696,300 1338 Bt'k
7
1,401,000
7
777.000
7
2,500,000
7
600,000
7
1,584,000
8,000,000
5 g
6 g.
1,618,000
1>3
1,000,000
7
1,000,000
2
1,786,200
7
302,000
7
500,000
3,000,000
1,000,000
3
800,000
6 A 7
1,947,400
6
500.000
1,000
1.000
1,000
1,000
1884
Rate per
,-iOll.OIKI
100
500 Ac,
1867
1872
1875
1880
isso
55
71
328
328
328
166
166
c
a.) 1st mortgage.
oncord stock
Boston Concord A Mont. com. and new pf. stock..
Bost. Concord A Montreal pref. 6 per cent stock.
o
Consol. mortgage ($582,400 are 6s)
c
yr Improvement mortgage
Concord
I. IKK)
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
44
65
Concord* Montreal
Amount
M. A" 8.
do
do
8ept. 1. 1901
Sept. 10, 1939Sept. 1. 1890
Q.-M. Columbus, O., Treasurer
8. N. Y., Am. Exea. N. B'k
MtA
J. A
M.
A.
I
J.
J. Bost., Treasurer's otltoe
A V.
AO
A J.
1,
1894
Nov., 1889
April 1, 1898
Boston, Offioe.
do.
Jan.
do.
'Jan.
1,
19H
Springfield A Cincinnati. Owns fr"m Columbus
Ohio, to Springfield, Ohio. 44 miles. Lease to Indiana Bloomlngton A
Western terminated March 10, 1888, and road has since been been
operated by Cincinnati 8andusky A Cleveland. Dividend of 5 per cent
was paid Aug. 6. 1888, (out of Judgment against Indiana Bloomlngton
Columbus
A
Western)
;
lu
1889, 3>.
(V. 47, p. 108.)
Columbus A Xenia. Owns from Columbus, Ohio, to
Xenla, Ohio,
65 miles. Is operated as a division of the Little Miami, and is leased
99 years from Dec, 1869, in connection with that road to the Pittaburg Cincinnati A 8t. Louis, whioh pays 8 per cent on stock and proThe lease Is guaranteed by the Pennsylvania
vides for the bonds.
Railroad Company. The Columbus A Xenia pays 8% per cent dividend
per annum; 15 per cent March 10 and Sept. 10 and 2 p. c. June 10 and
Dec. 10. The Sept., '89, Interest was not paid on bonds, wing to disagreement with Pennsylvania Company as to rental (V. 49, p. 3C0.)
for
'_
1
Concord
A
Montreal. Owns from Nashua,
N.
H
,
via Concord,
to Woodsvllle (near Wells River Junction), 12.8 miles: Wcodsville to
Groveron June, 53
les; Wingroad to Mt. Washington, 20 miles;
Hookset branch, 3 miles; total owned, 204 miles. Leases Concord
Portsmouth RK., Manchester to Portsmouth, N. H., 40 miles, and branch
to Suncook. 7 miles; Suncook Valley RR., 17 miles; Penn. Valley RR.,
No. Weare RR.,
Plymouth ti Noith Woodstock, N. H., 20 miles; Man
19 miles; Nashua Acton A Huston RR., Nashua to Acton, Mai s., 21 miles;
total leased, 124 miles. Total operated, 328 miles. The Concord and
m
A
A
the Poston Concord & Montreal RRs were consolidated in September,
1889. forming this company. The stock of eaoh of the old companies
was exchanged for the same class of stcok In the new corporation. The
Boston Concord A Montreal pref. is < ntitled to
per cent yearly, the
Boston Conoord A Montreal new prefered (of whioh there is $540,100),
and common stock (amounting to $459,600) are entitled to not exceeding 6 per cmt yearly out ot any saving which may result from the refunding of the present lunded and floating debt or the Boston Concord
6 Montreal. The Concord stock will receive such dividends as may be
deolared after providing for the other dividends. (V. 19. p. 341.)
Concord A Claremont (N.H.) Owns from Concord to Claremont,
H., 56 miles; branch, Contoocookvllle to Hillsborough, N. H.,
15 miles; leases Peterboro A Hillsboro BR., 18 miles; total operated,
89 miles. Capital stook. $412,400. The lease to the Boston A Lowell
RR. having been held invalid, this road was operated Independently
until Nov. 1, 1887, when the Boston A Maine began to operate it under
N.
contract with Northern RR.
Concord
A
(V. 45, p. 26).
Portsmouth. Owns from
Portsmouth, N. H., to
Manchester, N. H.. 40!a miles, aud branoh to Suncook, 7 miles. The road
sold to first mortgage bondholders in 1857, ar.d leased to Concord
in 1862 for 99 years. Lease rental is $25,000 a year, which gives
7 per ct. a yearto present stockholders. There Is no debt. (V. 47, p. 531.
was
RR.
,
Connecticut
A Passumpsic
Owns from White River Junction
Canada Line, 110 miles; leased, Massawippi Valley and branoh
(Canada). 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad Is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee. From January 1, 1887, this road was leased
to the Boston A Lowell for 99 years on a basis to pay C. A P.
stook 5 per cent per annum for ten years aud 6 per cent thereafter.
In Oct., 1887, the B. A L., carrying this road, was leased to Boston A
Maine. Dividends since 1880 have been: In 1881, 5 per cent;.in 1383
and 1883. 6; in 1881, 5 1*; in 1885 and since at rate of 5 yearly. (V
Vt., to
48, p. 854
)
Connecticut River. Owns from Springfield. Mass., to 8outh Vernon, Vt., 50 miles; branches, 6 miles; total 06 miles; also leases and
owns stock of Ashuelot RR., South Vernon, Vt., to Keene. N. H., 24
miles, but keeps acoountB separate. In year ending Sept. 30. 1887,
not lneome over rentals and Interest,
gross earnings were $939.742
$219,599: in 1887-88. gross, $987,237; net $197,019; total available
Dividends since 1876 ha v been: From 1877 to
revenue, $245,452.
1885, 8 per cent; In 1886, 10; in 1887, 1888 and 1839, 8. (V. 47, p. 625J
;
a default was threatened by Pres. Shaw on coupons due
Sept. 1, but committees of stock and bondholders were organized, the
Interest paid, Mr. Shaw asked to resign, and C. C Waite elected Presid't.
and 8. D. Davis Vice-President.
Annual report for '88 In V 48, p. 290; Income for 4 yrs. was as follows:
INCOME ACCOUNT.
I
u Aug., '89,
.
1885.
Total receipts
$
2,311,003
977,306
..
"2,361.403
977,306
066,169
11.841
978,010
884,564
61,586
22,902
1,490
970,542
sur. 6,764
94G.925
42.832
22,581
18,730
1,031,088
def. 53,078
1888.
1887.
1886.
$
Receipts
Gross earnings
Net earnings
Miscellaneous
$
$
2,595,583
993,684
44.485
1,038,169
2,875,515
1,221,853
28.579
1,250,432
979,557
18,629
24,048
984,020
23,758
24,086
3,118
Disbursem cnlt
A
car tr.
Int. on bds.
Int. on iloat'g debt..
I'h. I : ll. on l'se
Int. to
Miscellaneous
Tot. dlsburse'ts.
Balance
-(Y.48,p. 100,290,729:
V. 49, p.
'
1 ,034.982
1,022,284
15,935 sur. 215,451
113, 144, 269, 300.)!
sur.
Connecting: (Philadelphia). Owns from Mantua Junotion to
Leased to Phil. A Trenton for 999 years,
Fraukford Juuc.,Pa.,7 mile
and with that road operated by Pennsylvania Railroad. Rental $139,993, which pays 6 per cent on $1,278,300 capital stock (par $50),
owned by Pennsylvania RR
Corning;
Cowanesqne A Antrim. Owns
from Corning, N. Y.,
to Antrim, Pa., 53 miles; branch, LawrencevtUe to Harrison Valley,
Consolidation (January, 1873)
Pa., 32; total operated, 85 miles.
of the Blossburg
Corning RR. and the Wollsboro RR. June 1, 1874,
was absorbed. These lines are leased to and
tne Cowanesque Valley RR.
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental $150,000, equal to 6 per cent on common stock and 13
cent on preferred stock; dividends paid quarterly, March 31,
ger
took com., $1,500,000, and pref., $500,000; par $50. The coal line of
Phlla.
Reading and N. Y. Central is over the road of this company.
which Jointly guarantee the bonds of the Pine Creek Railroad
A
Ac
A
November,
1889.]
flAILROAD STOCKS
AND BONDS.
57
58
INVESTORS'
SUPPLEMENT.
[VOL. XLIX.
November,
KAILROAD STOCKS AND BONDS.
1889.]
39
Subscri bera will confer a great favor by giving Immediate notice of any error discovered In these Table*.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on
Gonn.it Passnm.
1st
first
page of
Pnf
e*
mortgage
Massawi;>pi
st'fc.
tables.
stock, 5-6 p c ren'1,99 yrs.c*
guar,
same
div. as
Conn.
A
Massawippi bonds, guar, by Conn. & Pass
Newport ji Rirhford 1st M., guar, by C. & P
Connecticut River Stove
Pass
.
c*
c*
c
Connecting (Phila. I 1st mortgage, endorsed
0"
Corning Cowanesque < A ntnm Debentures
Coshocton dt Southern- 1st mortgage
Covington <t Macon 1st M., gold ($12,000 per m.)o
Cumberland it Pennsylvania 1st mortgage
2d m., s. f. $20,000 yearly, (guar.) eu'ded in 1888
Cumberland Valley Stock ($484,900 is preferred).
let & 2d Ms., 2d'$109,500, due April, 19C8
c'
Southern Pennsylvania (leased), 1st m, gold
Danbury it Nor. Stock. 5 p. c. gu. 99 yrs. Hous. RR.
1st and 2d mortgages (2d M. due July 1, 1892). c*
Consolidated mortgage
c*
General mortgage
c*
Dayton Ft. Wayne it Chcvga Stock ($15,000,000) ..
it Mich.
Com. stoak (3*9 %guar.C. H.AD.).
Dayton
Preferred stock, (8 percent, guar. C. H. A D.)
Consol. mort., guar, prlnc'l & int. by C. H. A D. .c
Toledo Depot 2d mortgage
c
Dayton <t Union let M., sinking fund (not drawn)c
Income mortgage bonds, sink, fund
r
Dayton <t Western let M., guar. L. M. and C. A X.c
Delaware Stock 6 p. e. guar, till '98, P. W. AB.
Mortgage bonds, convertible, guar. P. W. & Be*
Del.
Bound Br. Stock 8 % gu., Phila. A Read..
1st mortgage
o
1st mort. on Trenton Br., 2d mort. on main liner
.'
<
60
SUPPLEMENT.
INVESTORS'
XL1X
[Vol.
*'
-1
Sa'^ctCVVL MassivT^o'm >iBrLEADVTLUE
^'
,
^Cr^l^Spnf JBiS'A UirlPlay
Everi'tt
A she- ro ft
nMprystal
Lak\
I
(
ia
V,
Twin .Lakes / ' ^Cj.
3
Viranite
\?",//.
J
'\ft
.
C R E ST E D
JnlJWarfl* Coal "^(jf
fc
^
0"%^/V U?<*
Coloroy'
Ouray's
BUTTE
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fc&r
_Jacks Caoin
iwuA *l A1,nont
-if
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tTbcompahgreo'^
Aurora),
y filimu-c!
Be
r H
f
springs
/*'.?"
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$gG
Y
pWcrvIll5sJtmi.Oj.
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V.'r
lUnch'^Vi/,^**BCK^**?^
^V-0-IO GRANDE
l
.^v.
yi.ladi-
QOnxnlaod
fi'if'*
Gothic
Hotchkiss
1*
twi.hcm
nd
VLAKE CITY
!"
o
\
Antelope Sp
SILVERTONj
Elk Parle
"Rico g_'
fN'ecdleton*
***-
J
fiidingff^J^
G G?
*A GO<i
Js
i<*
S 0^
sin..
Clanl
iSumraitville
Pafrotfo
"j'
Hpme liAnclijCT
iiiin i.is
"1.
Aninhapan
i
Cityff
jS>
{-pin
6
^ iver
a
fV^tPp,,
UHANGOl^<g^>
,
.
f
BameaT
fcPagoea Springs
Cbicoa*
MORX
TRINiDAD.y
EL
Coal Mibes
5n Ji/n
Valley yjZv
November,
1869.J
RAILROAD STOCKS AND BONDS.
61
SUPPLEMENT.
INVESTORS'
69
Subscribers will confer a great favor
DESCRIPTION.
first
page of
giving Immediate notice of any error discovered In these Tables.
Miles
For explanation of column headings, Ac, see notes
on
bjr
tables.
Delaiearc Lackawanna <* Wetltrn Stock
Consol. mort., on roads Aeqniptn't, ($10,000,000)
Plain bonds (not mortgage) convertible
Del. Maryland <* Fa. June. A B. 1st M. to State.
o*
Juno. A Breakwater, 2d mortgage
Breakwater A Frankford, 1st mort., to State
Worcester KR., IstM. (s.f. not iuoperat'n) gold, c'
Delaware <t New Bna. Couat.Trustifor$2.000,000)
Denver <t Rio Urande Stock ($45,500,000)
Pref. stock, 5 per ft., non-cum. ($28,000,000) .
o*Ar
1st mort., gold, sinking fund
0' &r
Consol. mortgage, gold (for $42,000,000)
Improvement mortgage ($5,000 per mile) g..o-Ar
Denr. Tex. <1 Ft. Worth 1st M. ($20,000 p.m.lgold.c*
c Ar
Denver Texas <t Qulf 1st M. ($20,000 p. m.)
Des Moines <* Ft. Dodge 1st mort., coup., guar
1st mort.. Income, guaranteed by C. R. I. A P.
Mortgage on extension, guaranteed by 0. B. 1. A P.
Detroit Bay CityitAlp. 1st mort., gold
,o*
Detroit Grand Haven <& it 1st equlo. m. guar. . c"
Consol. mort., guar.by Grand Trunkof Can
c*
Del. Hillsdale <t 8. IT. Stock, 4
rental, L.8.A M.8.
Detroit Lansing <t North. Stock, common
Preferred stock
Consol. mortgage (1st mort. onl63 miles)
o*
o*
Ionia A Lansing, 1st M., extended in 1889
c*
Saginaw & West. 1st M., endorsed, gold
1st M.,Gr.R.L.* D.,lst. $20,000 p.m.,endorsed.o*
..
Dubuque < Sioux Oily Stock...
1st mortgage, 2d division
Gen. M. for $3,000,000 held bv 111. C'l. g
cAr
Iowa Falls A Sioux City, 1st M. Ia.F. to S.Clty
Dutulh <t Iron Range 1st mortgage
c&r
.
cr
M
.
.
%
Hate
Size, or
of
of
Par
Road. Bonds
889
288
"'i
44
19
35
165
138
88
88
56
218
189
189
65
321
321
222
59
43
55
524
43
143
184
118
1,000
SOOAo
1,000
1871
500&0
1880
1383
500
1887
1.000
1887 l.oon&c
1874
1,000
1874
1,000
1381
1.000
1883
1.000
1878
1,000
1878 200 Ac
100
100
100
500 Ac.
1.000
1,000
1,000
1883
1887
100
1864 500 Ac
1888
1869 500* Ac
1887 1.000AC
,
against $5,653,663 in 1888; net, $2,309,475, against $1,830,394.
Report for 1888 in Chronicle V. 48, pp. 555 ar.d 60. Earnings and
Income account for three years were as follows :
$7,668,654
$2,563,972
$1,567,706
1888.
$3,283,369
$2,563,972
$674,987
$1,405,775
1,182,500
231,160
290,933
250,524
2,810
16,609
$1,492,615
295,^25
345.550
240,906
40,551
$908,857 $3,146,341
$658,849
$137,028
Miscellaneous
Total.
Surplus.
*
.
.
This ascount
(V. 47, p. S28,
$2,415,247
$148,725
is from July 12 to Dec. 31 only in 1S86.
381.442, 801; V. 48, p. 398,544,555, 5G0, 763, 854;
V. 49, p. 206, 470, 471.)
Denver Texas
A
Fort Worth.
Handle" route from Denver,
(See Map.)
o*
38,000,000
23,650,000
6,382,500
27,029,000
3,000,000
4,500,000
3,000,000
1,200,000
1,200,000
672,000
2,500,000
2,000,000
3,200,000
1,350,000
1,825,600
2,510.000
2,672,000
770.000
566,000
1,108,000
8,000,000
586,000
1,084,(00
2,339,500
4.264,000
V*
.
A
A.
A
A
A
A
Operates
"Pan
Last
Dividend.
Y
>.
Office,
'i"4
Due
Stocks
D.
47 Win. St. N.Y. Nov.
12,
1888
A N, N. Y., 4th National Bk. Nov. 1, 1900
A J
do
do
Jan. 1, 1936
A D
do
do
June 1. 1928
A N. N. Y., Mercantile Tr.Co. Nov. 1, 1937
A O
do
do
April 1, 1937
A J N.Y.,Chlc.R.I.APac.Co Jan. 1, 1905
A J
do
do
June 1, 1905
do
do
A J
June 1. 1905
A J N. Y., Farm. L.A Tr. Co Jan. 1, 1913
A O. NYAg.Can Bk.ComALo Nov. 14, 1918
do
A O,
do
Nov. 15, 1918
A J. S. Y., Farm. L. A Tr. Co July 5, 1889
A A
Boston.
Feb. 15, 1887
A A Boston, 26 Sears Bldg. Feb. 15, 1888
A J. Boston, 2d Nat. Bank. Jan. 1, 1907
do
do
A
July 1, 1899
do
A J.
do
July 1, 1918
do
A 8.
do
Sept. 1, 1927
7K.
*
2*
2>a
4
8*
6
2
3
3>s
7
5
.1.
8*
NY.,Offlce,216 B'dway
a'j
7
do
do
do
do
S.Y., Park BR. B'lding.
N. Y.. Office. Mills Bldg
A D,
A O
A O.
?*
5
Dec. 31, 1888
July,
June
1894
1938
1917
1937
1,
Oct. 1,
Oct. 1,
earnings were. $458,288; net, $160,432; surplus over charges, $10,432,
against $73,6 19 la 1887. (V. 45, p. 85; V. 46, p. 74, 75, 199; V.48,189.)
Haven A
Detroit Grand
Milwaukee. Owns from Detroit,
Mich., to Grand Haven, Mich., 189 miles. This is a reorganization of
the Detroit A Milwaukee which was sold in foreclosure Sept., 1878.
The bonds are guaranteed by the Grand Trunk of Canada, which
in 1889 offered its 4 per cent debenture stock in exchange for them,
$500 1*100) bond for 118 stock. Stock $1,500,000; par $50. From
Jan. 1 to Sept. 30, 1889 (9 months), gross eirnings were
158,514,
against 167,910 In 1888 net, 36.763. against 39,511. Gross earnings in 1888,, $1,111,794; net, $271,815; def. under interest. $65,409.
In 1887, gross, $1,194,309 ; net, $323,771 ; surplus over llxed charges,
$74.
;
A
Detroit Hillsdale
Southwestern. Owns from Ypsilantl,
Mich., to Bankers, Mich., 65 miles. The Det. H. A Ind. road was sold
in foreclosure Jan. 28, 1875, and this company organized by the bond
holders. Leased in perpetuity from July 1, 1881, to the Lake Shore A
Mich. Southern Co.; the rental is $54,000 per year -4 p. ct.
A
Northern. Owns from
Grand
Trunk
June, Mich., to Howard City, Mich., 157 miles; branches Stanton Juno,
to Big Rapids, Mich., 63 miles; Belding Branch, l>a miles; total owned,
222 miles. Leases: Grand Trunk June, to Detroit, 3 miles Lansing
West. RR. Alma to Howard City,
to No. Lansing, 1 mile; Saginaw
43 miles; Gr. Rap. L.
Djt RR. Grand Rapids to Grand Ledge, 53
miles, and Oakdale Park to Reed's Lake 2 m.; total operated, 323 miles
The Detroit Lanslug A Lake Mich, was foreclosed in 1876 and this company formed. Dividend* since 1876 have been: On common stock in
1880,6; inl883,6; inlS84,6; in 1887,3; iul883,nil. On preferred
stock in 1879, 9 per cent ; from 1880 to 1834, Inc., 7 per cent; in 1885,
5>s;in 1886, 8>s; in 1887, 7; in 1888, 3*3.
In 1888 gross earutngjwere $1,041,800; net, $321,169; charges, $310,546 balsrioe, $10,623, against $177,349 in 1887. Report for 1838 in
V. 47, p. 21 ; V. 48, p.
Chronicle, V. 48, p. 525. (V. 46, p. 171, 770
189, 525, 827; V. 49, p, 173.)
;
A
A
Disbursements
Betterments
4
4
Detroit Lansing
*1886.
1887.
$6,738,077 $7,983,419
$1,552,035 $3,241,372
15,671
41,997
Total
J.
J.
F.
J.
Ho tuts Prmcl
pal, When
by
26 Exchange PI, Oot.21, 1889
do
do
Sept. 1, 1907
do
do
June 1. 1892
J. Phila.. 23 3 So. Fourl h St
Jan., 1890
A.
do
do
Feb, 1899
J.
do
do
Jan, 1893
O.
do
do
April, 1896
1891-1899
Philadelphia Office.
N.
Q..-J
M
7
4
(t)
100
100
500<o.
1877
1869
1*4
7
3,074,000
600.000
400,000
250,000
200,000
400,000
1,000
,
Interest on bonds
Dividend on preferred stock
Taxes and insurance
Rate per
Outstanding Cent.
850 $26,200,000
1877
1872
I860
1879
1873
1870
L889
1,467
1,467
1.468
1.468
INTEREST OR DIVIDENDS.
When Where Payable, and
Whom.
Payable
Amount
Value.
dends are paid out of net earnings for two full years on the preferred
Stock, after which the directors shall be chosen by all the stockholders.
See abstract of consolidated mort. In Chronicle, V. 47, p. 228.
In June, 1888. the Improvement mortgage for $5,000 per mile was
Issued for laying third rail and other improvements; trustee, U. 8.
Trust Co. (See mortgage abstract in Chronicle, V. 47, p. 229.)
In Angust, 1889, the Bio Grande Junction Railway was organized in
the interest of this company and the Colorado Midland, to build 64
miles from Rifle Creek to Grand Junction, Col., and form a through
connection to Ogden over the Rio Giande Western.
Dividends on pref stock have been: In 1887, 2>s per cent; in 1888,
2*4 per cent in cash and l 1* in scrip, subsequently redeemed in cash.
The range cf stock prices since reorganization has been: Common in
1886. 143j35% (assessm't paid); in 1887, 20 1a332%; in 1888, 1523;
in 1889 to Nov. 22, inclusive, lS"*^"^ Preferred In 1886, ttSi'aiWs;
in 1887, 52''8 688;m'88,43i455%;in 89,toNov.22,ino)..42i452 '8.
From Jan. 1 toSept. 30,1889 (9 mos.), gross earnings were $5,766,791,
Gross earnings
Net earnings
Other receipts
[Vol. XLJX.
;
A
Sioux City Owns from Dubuque, Iowa, to Iowa
Dnbnque
Falls, 143 miles; Iowa Falls to Sioux City, 184 miles; Manchesterto
Cedar Rapids, 42 miles; Onawa, la., to Sioux Falls, Dak., 155 miles;
Also leases Cedar Falls A Minnesota, 76 miles*
total 524 miles.
In April, 1887, a controlling Interest in the stock was sold to 111. Cent.
A suit to annul the Cellar Falls A Minu. RR. lease is pending.
In Oct., 1888, th3 stock was increased from $5,000,000 to $3,000,000,
in order to absorb the Iowa Falls A Stonx City, Ced. Ra~e. & Chic and
Cher. A Dak. RRs. See V. 47. p. 440. 111. Cent, owns $7,897,300 stock
Col., to Fort Worth, Tex., 801 miles,
77 miles; opened for business in March, 1888.
Of this it owns from Tiinidad, Col., to Texas State line, 125 m (and
branches 40 m.), uses third rail over the Denver A Rio Grande from and all the 5
per cts. (V. 46,p.38, 448; V. 47, p. 440; V. 48, p. 489.)
Pueblo to Trinidad, 100 m.and controls the Den. Tex. A Gulf, Denver,
Dnlnth A Iron Range. Owns Dulnth to Ely, Minn., 118 miles.
Col., to Pueblo, 126 m., and the Fort Worth A Denver City, Texas State
line to Fort Worth, Texas, 450 m. By an exchange of stock in 1888 con- Sold to a syndicate in 1887, and above mortgage was authorized at the
trol was obtained of all the $8,985,000 stock of the Fort W. A Den. City, rate of $25,000 per mile for construction and $7,000 for equipment,
except about. 5,000 shares, and the entire issue, $3,260 000, of Den. the Metroprlitau Trust Co. of N. Y. being trustee. There are also $3,Texas A Gulf stock. In November, 1889, it was reported that this road 500.000 of inoome certificates and the stock is $500,000. There is a land
was to go under control of Union Pacific.
gi ant from Miunesota of about nOO.OOO acres. The. Minnesota Iron Co.
The company's outstanding stock ($30,000,000 authotized) is $!8.- owns the stock, the income certificates and $400,000 bonds. In 1888
000 000 (par $100) and a large majority of it is deposited in trust with gross earnings were $650,081'; net, $2" 1,055; surplus over charges and
the Mercantile Tr. Co. to be voted on as a committee of nine stockhold- improvements, $12,464. Iul887 gross earnings were $390, 145; net,
ers shall direct. The Trust Co.'s certificates, entitling the holder to $305,951. H. R. Bishop, 15 Broad Street, N. Y., President. (V. 45, p.
dividends, are issued in its stead and listed on the Exchange. Of the 472; V. 46, p. 21S. 255, 371; V. 48, p. 70.)
1st niortg. bonds $1,000,000 was for construction and equipment on the
Dnluth South Shore A Atlantic (See Map). Dnluthto Sault
D. A K. G. third rail line Trinidad to Pueblo $200,000 for terminals in
Pueblo and Trinidad, and balance at $20,000 perinileon new road; Ste. Marie, 40:1 miles (of which 43 mues from Dulmh to Iron River is
total. $4,500,000. Trustee of mort. Mercantile Trust Co. There are used in common with Northern Pacific, and 46 miles from Nestoria to
also $24*, COO equipment trust 5 per cent be ndsduein ten years. G. M. Marquette is leased in perpetuity from Marquete Houghton A Ontonato St. Ignuce, 43 miles, and M. H. <s On.
Dodge-, President, No. 1 Broadway. N. Y. (V. 46. p. 413, 573, 707; gon Railway) '8oe> Junction
At Sault Ste.
lines not includ din above, 114 miles; total. 566 miles.
V. 47, p. 256, 285, 602; V. 48, p. 37, 67,70; V. 49, p. 51, 402, 690.)
Marie cemnecti n is made by bridge with the Canadian Pacific, and
Denver Texan A Gulf. (See Map of Den. Tex. <t Ft. IT.) Denver to with the Grand Trunk when it readies the Sault, This company purPueblei. 126 miles. Stock (+3 260,000) all exchanged for Den. Tex.
chased at judicial sale Oot. 20, 1886, the Detroit Mackinac it Marquette
Fort Worth stock and road operated as its northern division. Extcn Rai road and property. Owns substantially all the pref. and common
ive terujinal grounds in Denver and coal lands at Franceriile are cov- stocks of the Marquette Houghton A Onton. RR., 160 miles, which it
ered by the llrst mortgage. Bond' are $-0,000 per mile, and $2l0.0<
8 e abstract of first mortzage, V. 45. p. 274.
leases In peruetuitv.
for terminals, Ac; the first coupon payable in cash is that of Oct,
In July. 1888, a controlling iutereat in the D. 8. S. A \. stock was
1889. U'e ien;r prior coupons having leccdvsd stock. Trustee of mort- sold to Oanedtau Pa lido parties. Pre f stock is 6 per cent, mm cum.
The consol. mort. (trustt e Cent. Tr. Co was issued in 1888 to provide
gage is Mercantile Tr. Co. (V. 46, p. 413; V. 47, p. 256, 802.)
with
branches
,
;
;
<fc
)
A
ITIolncs
Fort Dodge. Owns from De>s Moines to Fort
Dodge-, la., 87 miles.witli an extension 56 miles to Ruthven, oonnectlna
with Chic. Mil. A St. Paul. Common stock, $4.283, 100; pref. 8763,500.
Leased iiom Jan. 1, 1887, to the Chicago Rock Island A Pacific, for
19 year* at a rental of 30 per cent of the gross earnings, with a guarantee or 4 per cent interest on the 1st mortg. and extension bonds, and
2 1s p <. p, r annum on the incomes, and road was delivered June 2, '87.
In 1(87 and 1888 rental $104,680.
Dei
Detroit
Day
City
A
Alpena. Owns from
Alger, on Mich. Cent.
RR.. fee Alpena. 100 miles; Ixion Lake Branch, 24 in.; Mud Lake
Branch. 20 miles; other branches 78 miles; total road 227 miles. Han a
contract from Michlgau Central. Stock authorized is $2,000,000,
issued $1,670,000; par. $100.
A dividend ot 4 per cent was paid
traffic
Jam
a'y 3. 1888.
From Jan. 1 to Oct. 31 (10 months), in 1889 gross earns were $424,614,
against $395,122 in 1888; net, $193,620, agaiust $146,171. In 1888 gross
for extensions, equipment, etc
The earnings
who'e system.
,
$4,000,000 noing reserved for
1st
mort.
1888 were $1,468,' 92 gross and $584,794 ret on the
DcHc t. after paying all charges, $ 11,837. (V. 46, p.
for
74, 320| 35.1, 537; V. 47, p.
.0,
218, 70S; V. 49,
p.
21.)
Dunkirk Allegheny Valley A Pittsburg. -Owns from Dunkirk, N. Y.. to Tltusville, Pa., 1)1 miles. A consolidation of the Dunkirk
Warren A Pittsburg and Warren A Venango In 1872. Leased for 400
years from 1878 1" N. V. cut. A- Hud. River Co.. but accounts are kept
separate. Reutal is Interest on bonds. Capital. $1,300,000; par $100.
T.ieN. Y. Cent. A Hud Riv. Co. hold.-. $2,324,600 of the sceuri'ies. In
year ending Sept. 30, 1883, gross earnings, $204,234; net, $0,103.
East Broad Top (Pa.) Owns from Mount Union, Pa., to Robertsdale. Pa.. 30 miles, and leases branch to Stair Mine. 7 miles; total. 37
miles. A coal road, opened In 1H74. The stock is $315,602: par $50.
in year ending Nov. 30. 1887. gross earnings were $117,379; net,
$21,483. In 1887-88, gross, $121,261; net, $18,195.
NOVEMBEH,
1889.]
EAILROAD STOCKS AND BONDS.
63
INVESTORS' SUPPLEMENT.
LVol.
XL1X.
Subscribers will comer a great favor by giving Immediate notice or any error discovered In these Tables.
DESCRIPTION.
Miles
For explanation of column headings,
on first page of tables.
Did. So. 8kore f Ml.
1st mortgage, gold
dec, see not 6
Stock ($10,000,000
of
Value.
1387
1SS8
1870
1872
1873
1,0 K)
366
Dunkirk Altegh. Val. <* Pittsoura 1st mort., gcld.o
2d and 3d mortgages ($200,000 only aie 3d in)
r
East Broad Top. 1st mortgage
Most Pennsylvania Stock, * gu. 999 yrs..Phil. A R
o*
New 1st mortgage
"90
lBt oonsi'litlated
Sail Tennessee Virginia <* Georgia Common stock.
1st preferred stock (5 per ct> non cam.)
2a preferred stock (5 per ct. non cum.)
Ola 1st m.s.f. (Bristol, Tenn.v la Chat. toDalton.Ga.)
Cons. M. ,"D1 vis'l" g. ( Bristol.Tenn ,to Selma, Ala)o*
cir
Cdbsol. mort., gold (for $20,000,000)
1st tit. M., g. ($20,0-0 p. m.)for $15.000,000. cAr
c&r
Inipr. and equip, mort. for $6,000,000, gold
Ala. Central 1st mortgage, guaranteed, op
Knoxville & Ohio 1st mort., gold, guar
o'Ar
Bast <t West Ala. -1st coas. M., gd ($15,000 p. m.).o
.
. .
90
30
36
36
1,067
1,067
1,067
242
552
1,083
50
1,083
r
Eastern (Mass.) Stock
Preferred stock, 6 per cent, not cumulative
Essex RR.lst mort. (extend, for 5 years in '86)..
Certs, of n It- >t 1st m. s f .$100,000 y 'ly, not drn.c
Debenture bonds (for $900,000), for refunding, .c
Eastern (N.B.)SVii.i^ p. o.ren'ltill 1938. E.Mass.
Eel Jtiter Stock, 2 (to 3 p. a), guar, by Wab. West
Elgin Joliel & Eaulern-let M. for $6,000,000 g..o'
Gardner Coal City A N.lst X. for $1,003,000 g.o*
Elisabeth. Lex. dBig Sandy 1st m.,g.,s. f., not dr.e*
Elmira Cortland it Northern 1st pref. M., gold.o'
1st mort., gold, interest 5 per cent after 1889 ...
Debentures
Elmira it Lake Ontario Stock
95
66
112
119
c
1
.
16
94
98
32
110
120
120
1,000
1,000
1,000
1,000
50
1888
1,000
100
100
1S70
1880
1886
1SS7
1888
1879
1885
1886
1886
1851
1876
1887
i
i
l'.obo
1,000
1,000
1.00(1
1,000
1,000
1,000
1,000
100
100
100 Ac
500 Ac
188-1
1884
1888
"98
1,000
1,000
1,000
Too
In 1888, 5,
-
In 1887, 1832; in 1883. 17>4a>27s; in 1889 to Nov. 22, 20a25J4.
From July 1, 1889, to Sept. 30, 1889 (3 mo.), gross earnings (including KnoxvUleA Ohio) were $1,606,506, against $1,394,096 in 1887-8;
net, $673,173, against $147,381.
The fiscal year ends June 30. The annual report for 1888-89 was
published in the Chronicle, V. 49, p. 469. The results do not Include
A Ohio.
INCOME ACCOUNT.
1888-89.
1886-87.
$4,368,180
$1,354,489
1887-88.
$5,109,918
$1,723,835
$833,343
440,000
$1,086,993
$1,223,852
(5%) 550,000
(5%) 550,000
$5,301,624
$1,801,961
XHibursements
16,156
Total disbursements..
Balance
$1,273,343
$81,146
$1,653,149
$70,686
sur.
10,'.
68
$1,784,820
$17,141
469, 653, 690.)
West
Co. of Alabama. Owns Cartersville. Ua.
Pell City, Ala., 117 miles. The above bonds were issued in 1887 and
to
retired $800,000 of prior 1st mort. bonds and $500,030 of debentures
outstanding. Stock (authorized), $2,300,000 (par $100), issued at
$10,000 per mile of completed road. Chas. P. Ball, Cartersville, Ga.,
Receiver, was authorized to issue $650,000 to put the road in thorough
repair. See V. 48, p. 189. E. Kelly, Pres't, New York. (V. 47, p. 140;
V. 4r. p. 189.)
(V. 48, p. 128, 129, 393, 729; V. 49, p. 115, 173,
East
RR.
A
Eastern (Mass.) Owns from Boston, Mass., to New Hampshire
State Line, 41 miles; branches Salem to Marblehead, 4 miles; Bever
ley to Gloucester, 17 miles ; Salisbury to Aincsbury 4 miles Peabody
to Wakefield, 8 miles ; Salem to Lawrence, 20 miles others, 2 miles
total, 1 19 miles. The leases of the Eastern RR. of N. H., 16 miles; Newburyjiort City RR., 3 miles; Portland Saco A Portsmouth, 51 miles,
Portsmouth ADovor, 11 miles; Portsm. Gt. Falls A Conway, 73 miles;
and Wolfeboro RR, 12 miles, have been transferred to B. & M. A lease
to Boston A Maine was negotiated on new terms from Oct. 1, 1883, on
the basis of combining the total earnings, paying all charges, and
1. To B. A M., *630,000 (9 per
dividing the surplus income as follows
2. To Eastern. $100,000 for sinking fuud; 3. To B.
cent on its stock)
AM., $70,000; 4. To Eastern, $336,000; balanco to bo spent bv lessee
on both properties pro-rata. A consolidation is proposed. (See V. 49, p.
579.) Mortgage notes for $675,800 are outstanding, secured by real
;
,
;
;
:
;
Owns $1,811.5
Great
Falls
Maine Central stook and $55l,300stook Portsmouth,
A Conway.
Office,
"l
J.
J.
4H>
3
m.'a's.
4Ja
Id.
10 Wall Street.
Nov.
Bank
July
July
Nov.
A S.
A S.
A 8.
J. A D.
1
A. A O.
M. AN.
? g J. A J.
New York.
\ g M. A S. N. Y.. Mills
Building.
SI: A. A O. New York, 115 B'way.
do
do
J. A J.
do
do
A. A 0.
6g. M.
M.
4is
2>4
1,
15,
1889
1900
do
do
1930
do
do
1956
do
do
1937
June
do
do
Sept. 1, 1938
do
do
July 1. 1918
do
do
July 1, 1925
Last paid Dec., 1887.
Dec. 1. 1926
Boston. Of. Eastern RR. Dec. 15, 1887
do
do
Sept. 3, 1889
d.
do
Sept. 15, 1891
Bk.ALon. Sept. 1, 1906
Bost.,8haw*ut
Boston and London.
Sept. 1, 1909
Boston, by Treasurer. June 15, 1889
Oot. 5, 1889
Boston, by Treasurer.
New York.
Nov. 1, 1936
'
Elizabeth town Lexington
.
.
*g. M.
o"
1.
Jan.
1,
1,
1,
1,
1, 1937.
1, 1902
Mar.
April 1, 1914
April 1. 1914
April 2, 1918
A
;
Other payments
J.
1.
June
June
Eastern. Owns from Spaulding, 111., (2 miles
Elgin Juliet
east of Elgin) via Joliet, to McCool, 89 m., and branch to Normintown,
9 m.; and operates the Gardner Coal City A Northern RR. Walker to
12 m.; total, 13 ) miles. Extensions projected. This is a
Coster, 111.
belt line on a large scale, crossing, or lntendel to cro -s, at a distance of
about 30 miles from Chicago, all the roads approaching that city, and
affording facilities for transfer of freight from one line to another without
breaking bulk. The (Jar. Coal City A North'n reaohes the coal fields of
Grundy Co. The first mort. (trustees Union Trust C j. an 1 J. W. Butler)
provides for $6,000,000 bonds at $'10,00(3 p3r mile for single track,
$10,000 per mile aldition \\ for seoond track, and a further $o,000 per
mile for real estate, Ac. President, Samuel Spencer, New York.
and in 1889. 5.
mM
Range of prices of new stock has been as follows: Common, in 1836,
11S18 7 in 1887.9^!?; in 1888. 8311>4 inl839 to Nov. 22, inclusive,
in 1888, 55*
Skall^: 1st pref., In 1886, 67983=8; in 1887, 5282ia;
83; in 1889 to Nov. 22, inclusive, 63a7o>*: 2d pref., in 1886, 24353t;
Dlv. on 1 st pref. stock.
N. Y., Chase Nat,
J.
8
1937
1938
1900
do
do
Oot. 1, 1900
Philadelp'a, Co.'s Office. July 1, 1903
Phil., Phil. A Read. RR.
July, 1889
Mar. 1, 1958
do
do
Jan.
A
Inteiest guaranteed by the rental.
The trustee under the consolidated mortgage of 1886 and the 1st extension mortgage of 1887 is the Central Trast Company of New York.
$7,y25,000 consolidated bonds were reserved to retire prior bonds of
the Alabama Central RR. and the E.Tenn. Va. A Ga. RR.
The mortgage of 1888 for $6,000,000, covering all the company's
property (Central Tr. Co., trustee), provided for new equipment, Im-
Intel est on debt
A J.
A J.
5 g.
5 g. M. AN.
5 g. J. A D.
5g. M. A S.
6 g. J. A J.
6g. J. A J.
6 g. J. A D.
A.
4
Bank
New York City.
A Hud.
W.Y., N.Y. Cent.
Eel River. Owns from Logansport., Ind., to Butler, Ind., 94
Illinois Railroad,
miles. This was formerly the Detroit Eel River
sold under foreclosure July 6, 1877. Leased for 99 years from April 1,
Western on the basis of 2 per cent
1887, renewable forever, to Wabash
yearly on the stock till April, 1892, then 2>a till 1895 and 3 p. o. thereafterthis to be paid on $3,000,OoO stock.
A W. P. Term, purchased $2,000,000 ad iltional first
A Ohio was leased for 99 years from 1839 and its bonded
Net income
N. Y.. Chase Nat.
J.
Eastern (N. H.) Owns from Portsmouth, N. H., to Beabrook
(Massachusetts State Line), 16 miles. It was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to
4>s p.ct.per annum. M. Currier, Pros., Manchester, N. H.
'lhe Rich.
Receipts
A J.
A p
A D
A O.
A J.
A J.
A S.
5*
v-
Due.
Last
Dividend.
Stocks
A
preferred s ock in 1889.
On 1st pref. stookin 1887,4 percent;
Whom.
Payable
Princi-
pal, When
Payable, and by
Dividends hve been: On common In 1387. IVj; In 1833, an 4 sinoe,
on preferred La 1887, 1888 and 1889, 6. Assets In sink, fund
Sept. 30, 1888, were $722,336.
Fiscal year ends Sept. 30; the result of operation with Boston A
Maine in 1836-87 gave surplus income to Eastern of $ 136,000. In
M. had reoeivel its share, there was nothing left for
1837-88 after B.
theEastern common stock. (V. 49, p. 21, 579.)
m
Total gross earnings...
When Where
nil;
:
the operations of the Knoxville
492,500
2,792,800
3,417,000
750,000
3,282,000
750,000
1,250,000
418,689
1.500,000
1,01)0
;
provements, etc.
Dividtnds have been:
9,209,">20
Too
;
The Knox.
>
1,000
m.; Cleveland to Selma, 264 m.; Selma to Lauderdale, 95 m.; Ooltewah
to Cohutta, 11 m.; Rome, Ga., to Macon, 159 in. (18 miles jointly with
Georgia Pacific) Macon to Brunswick, 190 m.; Cochran to Hawkinstotal, 1,015 m.
operates Lauderdale to Meridian, 18 in
ville. 10 m.
alliens Ridge RR.. Keathley to Clinton. Tenn., 30 m.: Tenn. Val. br., 4
m.; total owned and operated June 30, '89, 1,067 m. Leases the Knoxv.
A Ohio road, 66 miles, and controls the lines of the Mem. A Charl. RR.,
from Chattanooga to Memphis, Tenn.. 310 m., and the Florence and
Bonierville branches, 20 m., the Mobile A Birmingham, 150, in all 546
a total of 1,613 miles.
, making
This company, the E. T. Va. A Ga. Railway Co., was formed in 1886 as
successor ox the E. T. Va. A Ga. Railroad, which was sold in foreclosure
May 25, 1886. The first preftrrtd stock Is entitled to a non-cumulative
dividend of 5 per cent.
In January, 1887, a sale was made of $6,500,000 of the first pref.
stock to the Richmond A West Point Terminal Company thus giviig
them control of the road for five years nnless divl lends of 5 per cent
were paid on pref. stock for two years. These dividends were paid in
1888 and 1889, and control is now shared equally by all olasses of
etoc...
Cent.
4,000,000
4,000,000
2,000,000
1,200,000
500.000
1,714,950
495,000
27,500,000
11,000,000
18.500,000
3.123.000
3.106,000
12,770,00
1,000,00 3
3,000,000
1,000,000
2,000,000
1,725,000
4,997,600
3,149,600
194.400
100
1888
1889
1872
and interest on file bonds. Above bonds were issued to retire those
due in 1888. Austin Corbin, Pres't, Philadelphia. (V. 46, p. 173.)
East Tennessee Virginia A Georgia Railway. fSe Map.)
Owns: Bristol to Chattanooga, Term., 242 miles: Morristo wn to Unaka, 44
;
Outstanding
Rate per
Nil.
Bast Pennsylvania. Owns double track from Reading, Pa., to
Allentown, Pa., 36 miles. Leased for 999 years from May 1, 1869, to the
Phila. A Reading RR., at a rental of 6 per cent per annum on the stock
W
Amount
S100 $22,000,000
Is pref.)
p. in
Bonds
INTEREST OR DIVIDENDS.
Size or
Par
of
Roud. Bonds
cat
o'Ar
M. gold. $20,000
Date
A
Rig Sandy. Owns Lexington
Ky., to Junction, near Denton, 102 m.; A. C. A I. Junction to Big Sandy
River, 7 m.; total owned 110 miles. Leases Junction with A. C. A I. Co.,
near Denton to A.C. A I. Juno., 21 miles West 8Lde Big Sandy River to
Huntington, 9 miles; total operated, 139 miles. From Feb. 1, 1886,
this road was leased for 250 years to the Newport News A Miss.
Valley Co. on the basis of paying the annual net surplus, it any, to
this company. Stook, $3,569,169; par $100. There are also $1-j9.520
certificates of indebtedness. Kinking fund is $25,000 yearly, but no
honds drawn. From Jan. 1 to Sept 30 (9 mos.) gross earnings were
$606,116 in 1889, against $738,597 in 1888; net, $193,933, against
$239,998. For year 1888 gross earnings were $1,003,639; net, $292,S86;surplus over fixed charges, $26,501. In 1887 gro^s earnings were
$1,115,073; net, $373,854: surplus over rentals and interest, $160,953.
(V. 46, p. 289, 412, 397; V. 48. p. 827.)
A
Northern. Elmira. N. Y., to Camden, via
Elmira Cortland
Canastota, N. Y., 141 miles, of which Elmira to Horseheads, 5 miles,
and Cortland to De Rnyter, 20 miles, are leased for 499 vears, and
Canastota RR.. 21 miles, during oorporite existence. 8old In foreclosure in 1878 and again iu Feb., 1884, and reorganized as at present.
The 1st mort. for$l,250,000 bears 5 p. ot. after 1839. Stock is $2,000,000; par, $100. In year ending Sept. 30. 1833, gross o iraings were
$434,o53; net, $91,603; detloit under fixed charges, $25,682. Austin
Corbin. President, N. Y. Citv.
&
Lake Ontario.- Owns from Canandaigua, N. Y., to
Elmira
Watkins, N. Y., 47 miles; to Chemung June, 17s miles; Sodus Point to
Stanley Similes; other 2 total, 100 miles. This oompany was a consolidation in December, 1836, of tie Elmira Jefferson & Canandat gua,
the Sodus Bay A Soathern and the Cueinung Railroads, with st >ok and
bonds as above. It is leased at cost of operating to the Northern Central, which owns $1,493,000 of the $1,500,000 stock and $22 6,000
Sodus Bay bonds. Lease may be terminated on thirty days' notice from
defioit,
In 1888 the gross earnings were $d62,797;
either party.
$19,237; deficit under fixed otiarges, $13,958.
A
to
Elmira
Wllilamsport. Owns rroin Williamsport, Pa., the
This compauy was reorganized under
Elmira, N. Y., 77 miles.
name Feb. 29, 1860, and leased to the Northern Central Railpresent
way for 999 years from May 1, 1863, at a rental of $154,500 per annum
after Jan. 1, 1830. The dividends on the common stook are 5 per cent
and on the preferred 7 per cent. Gross earnings in 183 7, $327,139;
net, $298,716; surplus to lessee, $124,849. Gross earnings In 1888,
$993,337; net $303,701; surplus to lessee, $126,771
Empire A Dublin. -HawkiiiBvilla, Ga to
f.r 5
,
pleted, 20 miles.
ber Co.
Interest on bonds guar,
Dublin, 40 miles; comyears by Empire Lum-
Erie Oc Pittsburg. Owns New Castle, Pa., to Glrard, Pa., 82 miles;
branoh. Dock Junction to ErioDocks, 3 miles traosage (L. S. A Mich. So.);
Girard to Erie, 17 miles; total operated, 101 miles. Koau opened iu 1865It was leased to the Pennsylvania RR. for 999 years from Maroh 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease has
been quite unprofitable to the lessees; the deficiency naid by them In
1881 was $233,522; In 1882. $207,651 in 1883, $260,071; in 1884.
$307,841; in 1883, $354,633; in 1886, $225,794; iu 1837, $237,306; in
run*
1883, $211,063.
NovBMBBa,
1889.]
RAILROAD STOCKS AND BONDS.
65
SUPPLEMENT.
1NVEST0HS'
[Vol.
(^TTTl
'Aurora
ichii
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Goshen
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USallol
Sheridan Jo. S>
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IND.
WTaylorsvilh*
JTUBCOla
-
M
P
XL1X.
'RAILROAD STOCKS
NOVEMB-.E, 188P.]
AND BONDS.
G7
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings,
on tlrst page of tables.
Ao., see notes
Date
8ize, or
of
Miles
of
Par
Road. Bonds
La!;e Ontario ( Continued.)
Elmira
c
Sodus Bav A Southern 1st mortgage, gold
Elmira < Wiltktmsnorl 3Vk.com. ,5 p e. rea'l, N.C.
Preferred stock, 7 p. 0. rental, 999 yrs., No. Cent.
i
1st mortgage
Income bonds, 999vears to run
<i oublin-lst mort. gold ($320,000)
Empire
Erie < Pitts. Stock. 7 p. c. reu'l, 999 yrs., Penn. Co.
Amount
Outstanding
Value.
INTEREST OR DIVIDENDS.
per] When Where Payable, and
Cent.
Whom.
Payable
Rate
Bond* Pnnel
pal,
When Due
Stocks
by
Last
Dividend.
<C-
31
77
77
77
c
mort., convertible
c
EquiiUL'ent bonds
Consol. mort. free of State tax (for $4,500,000) .e
c
Eureka Spring* 1st M.,gold
2d II. income bonds. 4 per cent int. paid in '89 -.
European diSo. A mer. Stock, 5 p. c. rental, M. C...
Evansviile < Indianapolis 1st m., Erans.&Ind. g.O"
e*
Terre Haute & Southeastern 1st mort
Ev. & Ind. Cons.M. (for $2,500,000) gold, guar. e*
Evansviile <& T. Haute Stock
0*
1st consol. mort., gold
1st M., Mt Vernon" Branch, g. ($15,000 p. m.)..cEvans.&Rich.lst M.We*U3iv. for$l,0C0,000gu.c*
Evansviile Terre H. <t Chic. IstM., g., int. guar... o*
c*
2d mortgage, gold
1860
1863
1889
Common
1,000,000
500
6
5
lOO.fcc
570,000
160,000
1,998,400
91,800
685,000
2,485.000
500.000
500,000
2,500,000
697,000
260,000
1,003,000
3,000,000
3,000,000
375,000
Ni
775,000
325.000
150,000
7.CO0.OO0
13,525,100
5,000.000
1.000,000
4,500,000
2,250,030
2,' 00,000
750,000
391.000
114
54
40
135
156
144
25
1884
1879
1886
1881
1883
1888
1870
1872
1881
369
stock
A
Boston Barre
A.A
500
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Too
1887
l.ob'o
80-'8
84-'87
1.000
1,000
1,000
1889
1873
100 Ac.
1887
O.)
Gardner. 1st M., $91,300 are
'
38^
Eureka
Springs. Seligm an. Mo., to Eurena Springs, Ark.. 18 1*
Stock, $500,000;
miles; projected to Harrison, Ark., 50 miles beyond.
contract with St. Liuis A San Francisco.
n 1888 gross earnings, $87,722; net, $52,193; surplus over Interest,
?ar
(V. 45, p. 373.)
etc., $2,027.
$1<50.
There
is
a
traffic
Owns from Bangor, Me.,
6c North American.
to Vanceboro (State Line), Me., 114 miles. On Aug. 31, 1882, a lease
was made to the Maine Central for 99 years, for $125,000 per annum,
equal to 5 per cent per annum on the stock, and assuming the bonded
debt of $1,000,000, which is given nuder Maine Central.
European
Evansviile
6c
Indianapolis.
Map
(See
Ev.
T.
<t
B.)
Owns
Evansviile to Terre Haute, Ind. (via Worthington), 135 miles; branch 3
m.; leases branch to Brazil, 12 m.; total, 150 miles. A consolidation in
Oct.. '85, of three corporations, viz.: the Evansviile & Indianapolis, the
Evansviile Wash. A Brazil and the Terre Haute A Southeastern RRs\
Of the consolidated mort. bonds, $300,000 are reserved to meet prior
liens. The consolidated bonds are guaranteed by the Evansviile A Terre
Haute Co ., which owns entire capital stock, $2,000,000, as also $547,000 of the ether securities. In year ending Aug. 31, 1887, gross earnIn 1887-8, gross 9^16,955; net
ings were $230,40^; net, $102,292.
$39,021. (V. 45, p. 26, 509.)
Evansviile 6c Terre Haute. (See Map). Owns from Evansviile to Terre H., Ind., 109 miles; Ft. Branch to Mt. Vernon, 37 miles;
New Pittsburg branch, 10 miles; total operated, 156 miles. The Rockville
Extension, 23 miles additional, is leased to the Terre Haute A Logansport and Cnio. & East III. for $12,000 yearly. Formerly the Evansviile
A Crawfordsville RR. Co. This company is building the Evansv. A
Richmond road to extend 150 miles from Elnora on the Evansv. &
Indianapolis RR. to Richmond, Ind., and endorses the bonds; the mort.
of, 188 covers the western division. Elnora to Columbus, about 80
mihs. In Sept , 1^89, control of the Cinn. Wab. A Mich, stock was purchased iu the interest of this company. There are also $30,000 E. A C.
RE. consols. Dividends since 1880 have been: In 1881, 4>*p. c.j In
1884,5; in 1885, 3; In 1886,4; In 1887,5; In 1888,5; in 1839,5.
Fiscal vear low ends June 30. List report in Chronicle, V. 49, p.
Gross earnings ten months ending June 30, 1889, $639,308; net,
615.
$290,824; surplus overall interest and dividends, $21,630. In 1^87-8
the surplus for the vear over charges and 5 per cent dividends was $17,832. (V. 17, p. 530, 531; V. 49, p. 372, 615.)
Evansviile Terre Haute
Chicago. Owns from Terre Haute
Junction, Ind.. to Danville, 111., 49 miles; leases 6 miles; total operated,
55 miles, It uses 6 miles of the track of the Rockville Extension into
Terre Haute; also, leases the Indiana Block Coal road, 15 miles. On
April, 30, 1880, a lease to the Chicago A Eastern Illinois was made for
999 years; terms, $75,000 per annum and the assumption by the C. & E.
I. of all rentals and taxes paid by E. T. H. A C.
Stock, $3,000,000;
par, $5<'; majority owned bye. & E. Illinois. Josephus Collett, President. Terre Haute. Ind. (V. 48, p. 8x7.)
Fltenburg. Owns from Boston, Mass., to Fitchburg, Mass., 50
miles; Greenfield to Troy, N. Y., 85 miles (lnol. 6 m. leased; Vermont to
Rotterdam Junction, 61 miles; and B. Barre A Gard. BR., Worcester
to Winchendon, 36 miles; branches Charlestown, 1 mile; North Cambridge to Waltham, 8 miles; South Acton to Marlborough, 12 miles;
Peterborough* Shirley, Ayer, Mass., to Greenville, 24 miles; Saratoga
and Bchuylerville, 25 miles; Ashburnham branch, 3 miles; total owned,
299 miles; leases and operates Vermont & Mass. RK., Fitchburg to
GrecDfield, 56 miles Turners Falls Branch, m. Bennington, 5 ni.; included above, 6 ni.; total leased, 70 m. total owned and operated, Sept.
A
;
;
;
30. 1888, 3fl
Tin present
company was formed by consolidation in 1887 of the
Fit hburg UK.. Trov AGreentield RE. and the Hoosac Tunnel, and the
Of the preferred stock
purchase of the Troy A Boston railroad.
91, 'ii'S, 300 was authorized for Troy A Boston stock, Ac, and receives
only 2 2-5 per cent yearly till after March, 1891, and then but 3 1-5 per
cent till after March, 35, and in else of extraordinary expenditures on
the T. A B. bewmd amounts provided for, the dividends may be withheld. Troy A Boston 7 p. 0. bonds for $1,200,000, due July 1. 1924, have
refused to come into consolidation agreement, and the question whether
w.
tin
payable is before the courts. See Chronicle, V. 40,
p. 708, and V. 47, p. 21: V. 48, p. 419. There is also outstanding a
4 p. ct. mortgage note of the H. T. D. & E. Oo. for $500,000 due 1892.
(n 1887, 2 on the new preferred; in 1838, 2 on
I>i\ idends have been
preferred, Noi ember dividend being passed, and none paid since.
June 30, 1889, income was as follows
Foryeir ending
income account.
.
1
,,
r
,
i
:
:
1887-8.
1888-9.
Gross earnings
Operating expenses and taxes
$5,267,350
4,166,878
$5,743,933
4,418,616
Net earnings
Other income
$1,100,472
44,471
$1,325,237
4,077
$1,114,943
$1,329,314
$514,408
281.280
261,3^5
$762,806
281,280
Total income
DfAvei
Interest on bonds
..
Rentals
-
id
on preferred stock
(2
per cent)...
Total
Balance
,157,5.3
def
.
$12,580
91,014,030
$485,234
sur.
g.
7
7
7
6g
'
4
2i
r*
6g.
!*
4
A7
5
4
5
A7
1, 1924
1, 1889
1, 1889
1, 1910
1, 2862
1, 1919
July
Nov.
July
Jan.
Oct.
Jan.
Dec, 1889
1, 1890
19C0
July 1, 1898
N. Y., Mercantile Tr. Co.
Feb. 1, 1933
do
do
Feb. 1, 1933
Bangor, Treas. Office. Oct. 15, 1889
N.Y.. Farm. L. & Tr. Co. July 1, 1924
do
do
Sept. 1, 1909
do
do
Jan. 1, 1926
N.Y., Farm. L. A Tr. Co. Oct. 21, 1889
do
do
July 1, 1921
do
do
April 1, 1923
N. Y. Manhattan Tr. Co. Sept. 1, 1928
N.Y.,Farm. L'an A T.Co May 1, 1900
do
do
Jan. 1, 1900
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Mar.
Oct. 1,
May
Boston, Office
A A.
& O.
Various
M. & S.
Varims
M. A 8.
A. A O
F.
A.
413
5
N.Y.Nat. Bank Com.
Penn. R. R. Co.
do
do
do
do
do
do
N. Y., Mer. Trust Co.
N. Y., Union Trust Qp.
do
do
do
do
do
do
Phila.,
M.'a'n
"if
6
J.
A N.
& J.
A J.
A O.
& J.
Q.-M.
A. A O.
A. A O.
J. A J.
F. A A.
Mar. 1.
A. A O.
J. A J.
M. A 8.
J. A J.
Q.-J.
J. A J.
A. & O.
M. A S.
M. A N.
J. A J.
M. A N.
J.
J.
V.
J.
ft
3 to
J &
M.
2>s
3ia
.
74A7
c&r
int.
1,000
1,000
1,000
100
c.
Bonds
Bonds ($l,50O,CO3 due 1907,
Bonds
1,000
50
"55
55
stock, non-cum. (T. A B., see remarks)
Bonds to State of Mass. (3 p. ct. int. till 1892)....
Bonds, coups.. $500,003 are 6s, due Oct. 1, 1897.
Bonds. $5 00,000 y'rly,'99 to 1903 incl. .rest 1908 c*
$1,000.
50.
-
Eitchburg
Pref 4 p.
1,000
1865
1870
1868
1883
1883
81
81
19
.
$500,000
500,000
500,000
5
50
50
"l5
101
81
2d
Incomes
1884
15,
Feb.
1,
1888
1937
Ap.'94&Oc.'97
Var.'99tol90S
Sept. 1, 1897
1904-5-7
Mch.
April
The fiscal year ends Sept. 30. The annual report to Sept.
was in V. 47, p. 774.
INCOME ACCOUNT YEARS ENDING SEPT. 30.
1,
1.
1899
1893
30, 1888
1884-85.
Total miles operated.
1885-86.
1886-87.
1887-88.
228
$
229
9
345
$
369
9
3,295,289
839,877
4,373,439
1,086,667
5,384,490
1,266,693
Receipts
Total gross earnings. 2,820,119
Total net income
744,289
Disbursements
Rentals paid
interest on debt
(5)247,500
Total dlsbursem'ts
Balance
*
And
256,480
260,763
252,581
220,638
Other Interest
Dividends
720,769
sur.23,520
(5)
264,331 (4) 366,488
2)
(
781,574
1,055,727
sur.58,303 surp.30,940
% of 2 per cent on 10.000 shares.
V.
(V. 47. p. 21, 50, 218, 625, 664,
266,011
423,228
774;
281,230
680,388
58,715
261,836
1,282,219
def.15,526
48, p. 159, 583; V. 49, p. 81,
207,401, 654.)
Flint 6c Fere Marquette.
(See If aph Owns from Monroe, Mich.,
to l.uiiing am, Mich., 253 miles; branohes Bay City to East Saginaw, 16
miles; Flint Junction to Fostoria, 19 miles; South Saginaw branch,
5 miles ; Meredith branch, 32 miles ; Manistee branch, 26 miles ;
Mount Pleasant branch, 15
miles; other small branches, 16 miles;
Port Huron to E. Saginaw, 91 miles Saginaw June, to Sand Beaoh, 70
miles; Palm to Pott Austin, 35 mtles; Port Huron to Altmont. 31 miles;
total operated, 609 miles. The road was sold August 18, 1880, under
;
the consolidated mortgage, and reorganization was made. la March,
1883, the Court held that ooiumou stockholders were entitled to have
In 1839 consolidated with
their stock issued (See V. 46, p. 371.).
certiin branches (see V. 48, p. 222) and absorbed Port Huron A N. W.
A mortgage tor $3,500,000 (Trustee Central Tr. Co.,
(see V. 48, p. 26b)
N. Y.) was placed on the newly acquired line to meet the expense of purchase, of which $1,200,000 to make the road standard gauge, Ac, Ao.
The consol. mort. of 1939 is a 1st mort on 116 miles of road trustee of
consol.
Central Trust Co.
Dividends ou preferred stock since 1880 have been: In 1881. 2H
per cent; in 1882, 6; in 1883 and 1884, 7; in 1885, 5>s; in 1886, 4J9;
in 1387, 5*8; in 1888, 7 and 5 extra; in 1839, OHs.
From Jan. 1 to Sept. 30, 1889 (9 inos.), gross earns, were $1,764,118,
against $1,798,837 in 1883; net, $553,519. against $552,149.
Annual report for 1888 in V. 48, p. 555, and application to Stock
Exchange In V. 47, p. 441.
.
m
;
,
INCOME ACCOUNT.
1885.
Total gross earn's
Net earnings
Disbursements
.
.
1836.
1887.
1888.
68
INVESTORS' SUPPLEMENT.
[Vol.
XLIX
November,
1889.]
EA1LEOAD STOCKS AND BONDS.
60
INVESTORS' SUPPLEMENT.
70
great favor by giving Immediate notice ot any error discovered In these Table*.
Bonds PrinciINTEREST OR DIVIDENDS.
MUes Pate Bias, or
pal, When Due.
Par
R< l*r ''""" Where Payable, and by Stocks Last
Of
column headings, Ao., see notes; of
r*2!!SL.
Outstanding
Subscriber* will confer
m.
DESCRIPTION.
_
For explanation
on
of
[Vol. XLIX.
tlrst
'
Road. Bonds
page of tables.
Fitckburg (Continued.)
B. B. A G. 2d A 3d M. ($57,000 3d M. 6s. oonv.).
Bost. Hoosar Tunnel A West, debentures
flint el fere Marquette Cam. stock ($3,500,000)
Pref. stock, non-oumulatlve (for ft,,'. 00,000)
Holly Wayne A Monrce 1st M.. sink, fund, ond.c
r
Mortgage 6s or 1 920, cold ($5.000.000)
Contol. in.., g. (for $10,000,000) $20,000 p. m..o*
IstM.on Port Huron Div., gold, for $3,500,000. c
I Equlpm't bonds, $40,000 due annually Nov. l..c*
Florida Central <* Pen. 1st M.. gold, $5,240 p.m.o*
Fond a Johnstown <& Qlorertvilte 1st M., s.f not dn c*
Oons. M. for $500,000 ($300,00ur(>s'd for lstM.).c
Fort Wayne it Jackson Common stock
Pref. stock, (8 p. ot.), 5>s p. ot. rental Lake Shore
Fort Wayne Cincinnati & Louisville Stock
Fori Worth it Dent. City 1st M., g., $18,001) p. m.o*
Fort Worth it Rio Br. 1st M., gold, $20,0C0ft>. m.o'
Galveston Uarritb.it 8. Antonio 1st m., gold, 1. gr.o*
2d mortgage, Houston to San Ant. and branch. o*
West.Dlv.,lBtM.,g.,8anA.toElPaso,036m.&br..c
.
.
.
2d mortgage
c*
Galveston Houston it Bend, of 1882 1st m.,guar. .c
Georgia Car. i* North. 1st M.g. mot dm). guar..c*
Georgia Co. Tr stb'ds.s.f.,dr.atllO aft.July,92,g.o*
Georgia Midland it Gulf 1st M. g,($15,000 p. m.) .o*
do
1875
1883
609
609
65
302
380
213
573
10
26
97
97
128
450
90
,
Georgia Pacific 1st mort., $10,000 p. m. Int. guar.
c*
Con. 2dm. Int. guar. ($9,000 p.m.)
cAr
do
Income, non-cum. ($9,000 p. m.)
Equip, mort., mar. R. A D., g., s. i. drawn at par
Georgia Railroad it Banking Co. Stock
c
Bonds, not mortgage
Bonds, not mort. ($300,000 mature In 1922). c**r
"98
514
514
514
,
$243,000
1871
1880
188'.)
1880
1887
1888
1870
1881
$1,000
1,400.000
100
100
1881
1-88
1880
1881
1881
1833
1889
1887
1830
1882
1888
1888
1889
1.000
1,000
1,000
1,000
1,000
1,000
100 Ao
100 Ac
100
1,000
1,000
1,000
1,000
1,000
l.ooo
1,000
1,000
1,000
1,000
1,000
500 Ac
500 Ac
1,000
100
307
1871
77*80
A6
3
1,000
1.000
6,342,000
1.000,000
A J.
Boston, Office.
July
A 8. 9J. Y., Kountze Bros.
F. A A. East Sag., Mich.. Treas.
J. A J. N.Y., Mer. Ex. Nat. Bk.
A. A- <).
M. A N
N. Y. Agenoy.
A. A O.
New York Agency.
M. A N Boston, Inter'l Tr. Co.
N. V., Am. Excu. Bk.
J. * J
J. .V J. N. Y.,.3t.Nlch. Nat. B'k
do
do
A. A O.
M.AS. N Y.,Farmers' L.ATr.Co
J.
M.
5
"a"
8
3,99'.),000
6g.
1,000,000
2,500.000
320,000
3,000,000
300,000
200,000
431,747
2,287,832
4,000,000
8,086,000
1,800,000
4,756.000
1,000,000
13,418,000
6,354,000
2,000.000
5,360,000
4,000,000
1,470,000
5,140,000
4,626,000
4,626,000
2,000,000
4,200,000
100,000
2.300,000
\*
5g
-
5
5g7
6
J.
T*
u
J.
W.
AD.
A J.
A A.
A D.
A N.
5
A. * O
J. A J.
J. ,v J
S g J. A J.
g
6
J. A J
5 g. A. A O.
A. A O.
5 g. F. A A.
2%
Q.-J
I. A J.
7
J.
M.
.1.
,v
.1
-
6
Dividend.
ifbum.
Pay .,),.
:i.'-'!>8.200
100
100
'71-'8(i
671
671
50
263
Ct n {
Value.
J.
A-
J
N.Y., Mercantile Tr. Co
N.Y.,11. B. HollinsACo.
N.Y.,8o.Pao.Co.,23Br'd
do
do
do
do
do
do
N. Y., Mercantile Tr. Co
N. Y. A Baltimore
N. Y., Central Trust Co.
tf. Y., Central Trust Co.
N. Y., Central Trust Co.
do
do
do
do
do
do
Am.Ex.tfk.,N.Y.,AAug
do
do
do
do
1,
November,
1889.J
KAILKOAD STOCKS AND BONDS.
71
79
LNVEST'JES'
SUPPLEMENT.
[Vol. XL1X.
NOVEMBEB,
1889.)
RAILROAD STOCKS AND BONDS.
SUPPLEMENT.
INVESTORS'
74
I
Vol. XL1X.
Subscribers will confer a great faror by el vln;r Immediate notlee of any error discovered In theae Table*.
Ronds PrinolINTEREST OR DIVIDENDS.
DESCRIPTION.
Miles
Date 8ize. or
'pal, When Due.
Amount Rate
of
of
Par
Where Payable, and by Slocks Last
For explanation of column headings, Ac, see notes
per When
Outstanding
on
first
page of
Road. Bonds.i Value.
tables.
Railroad <t Ranking Co. {Continual.)
r
Bonds, not mortgage
1st M., g.(*12,000p.m.)0*
Georgia Southern A Fla
o"
Grand Rapids <t Indiana Stock
1st M., land grant, gold s. f. (guar, by Pa. RE)..o*
1st M., gold. ($505,000 are land gr.s.fuot dr'n) .0*
2d mortgage, redeemable at 105 till Aug. 1, 1894.0*
c AT
Oeneral mortgage for $13,000,000
<3e->rglu
Mackinaw loan
Muskegon G. Rap. A Ind. RR. 1st m. traf. guar.o*
Often Rati Winona it SI. Paul 1st uiort. coup
Funded coupun bonds
1
2d mort. Income bonds, non-cunmlativc
Gulf Col. <f Santa Fe 1st M.. g. ($12,000 p.m.;....c
2d mort. ($8,000 p.
), gold, assumed by Atch..e
Gulf rf Ship Uland lit M.. gold, $12,000 p. ni...c*
0*
2d mort. for $2,800,000 ($8,000 p. in.), gold
Hannibal <t SI. Joseph COMoltl. (for $8,000,0001.0*
0*
1st mortgage Omncy * Palmyra RR
c*
1st mortgage Kansas City A Cameron RR
Porumi'lh Mt.Jou & Lane. Stock. 7 6guar.
Earrisb.
m
r
IstM. (cxt'dln '83), int. guar. Penn.RR
BarrMurg APotomae 1st mort. for$l,800,000 ..o
Bartford <t Connecticut Western 1st mortgage ....
Bousatonie Stock
Preferred stock, 4 per cent non-cumulative
c*
New consoU mort. (for $3,000.000)
Consol. mort., not payable till 1910
r
1890
Cousol. mort., 10-308, payable April 1,
ousL jiast >t West Texas. 1st M., gld ($7,000 p. m.)
c*
2d mort., land grant
Consol. mort. 1. gr., gold, $18,000 p.
Hotufon it Texas Cent. IstM., gold. Waco A N'west
m
192
609
sss
335
367
367
37
219
219
022
,022
292
13
54
53
53
38
104
190
190
164
74
74
192
192
192
58
1887
1887
* I. CM HI
1,000
100
1869
1869
1834
1884
1886
1881
1888
1881
1879
18S5
1887
1887
1881
1867
1867
1,000
1,000
1,000
1.000
i'.obo
1,000
500
:,ot/o
.=00 Ac.
100 Ac
1,000
100
100
1887
1880
1880
1878
1883
1889
1873
$200,000
2,292,000
4,986,081
3,934,000
1.441,000
2,700,000
4,104,000
275,000
750,000
1,600,000
280,830
3,781,000
12,696,000
8,404.000
'
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
1853
1874
1883
Cent.
rt)
()
6.709,000
433.000
1,200.000
1,182,550
700,000
507,200
608,000
1,000
1,000
43,100
2,864,200
2,557,000
100,000
271,500
1,344,000
750,000
i",oo6
1,140,000
1,000
500 Ac,
SOOAc
(!)
5
6
g.
7g.
Payable
Whom.
Dividend.
November,
EA1LEOAD STOCKS AND BONDS.
1889.]
75
^ ST.gAtfL
Eau Claire
H^
(suvens^oint__^^r( e |
,
Aptrtelb
*
Tracy
-aZ"j Y^^N^
T^ti^S-lL-J^
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Oshkosh
Mankatj/fcC.^ V ISodg
Owatbnna\l?
Winona\l ___5i- 'V -^
\
m
+
ftnjiitl^
-
rr
Maui.-.u
i
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Atalla^i
76
INVESTORS' SUPPLEMENT.
[Vol XT1X.
Subscriber* will confer a (real favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
Date
Houston
Texas Central. (Con.)
1st ni. land grant gold, Int. guar, by So. Pao
Consol. M., land grant, gold, Int. guar, by So. Pao.
Amount
Outstanding
Rate
pei
Cent.
Sen. M., gold,
Int.
Debent., prin. and
guaranteed by So, Pao
int.
are 6si
(t
guar,
B id. But. Hridaei* N.E.lCu.-Ut M.$10,000.0O0.c'Ar
ad
B mCgd'n<lBr
1887
1887
1887
1887
1888
$1,000
1,000
1,100
(t)
64
Top 8tk.$l ,985,800 is7p.o'tpref.
64 1854-7
1st and 2d morts., g.; 1st M. $416,000. due 1800.
3d mortgage consolidated
64 1865
J
Illinois Central Stocx
2,286
Leased line 4 per cent stock, guar
J
1875
ltt mort. of( Sterling bondsof 1895
1874
18 7 4 for Sterl. of '03, *10.000 d'n yr..c*
706
1878
$18,O0O,OOO{ Sterling, bondsof 1905
>
1886
all 4s of 1886, due 19M. gold. . o*
secures
3Bof 1886. due 1951, gold.. ot86
equally
1880
Trust bonds 8teri'g,(seonred by Ch.S.LA N.O. eons.)
111 1878
1st M. on Ch. A Mn. RK. (Giliuun to Springfield) c
1st M .Middle I)i v.. Otto to Norninl June. Abrs..r
131 1881
18^5
Co Hat. trust b'ds, gold (for$l 5,000.000) $A*.. .0*
224 1860
Chlc.St Louis A N.O., 2d M. (N. O.J.A G. N.)...
1st niiirt
do
do
567 1877
do
2d niort
567 1877
do
do cons.M.,g. ($18,000,000). o**r 567 1881
do
do Miss. ATenn. 1st mort.-.'cAr 100 1887
do
do
do Memphis Div. mort., goid...o* 100 D-89
Indiana Illinois <t Iowa 1st M. bonds, extended. ,r 120 1882
r
120 1883
2d mortgage
153 1876
8p.lst M ,g.s.f.
Indianap. Decatur 6 Western I.
153 1888
let M.,for $1,942,000, g ($1,800,000 reserved).c
153 1838
2d M., (ineouienon-eiiin. till Jan., 1893)
r
153 1888
Income beta., non-cum., drawn at 100
.'0
500
J
1,000
1,000
DA
Dividend.
A.
A.
g.
;
a
g.
3,355,200 2>aonpfil
783,000
5*'
1,497,000
3
40,000,000
2
10,000,000
2,500,000
6g3,750,000
5g.
1,000,000
5g.
4 g.
1,500.000
2,499,000
3kg.
5,266,000
6
1,600,000
5
968,000
10,366,000
4g.
8
1.480,000
7
1,374,000
6
80,000
do
do
14,500,000
5g. .115* D IS!
do
do
J A D.
2,500,000
do
do
4 g- J A D.
3,230,0
M. A X. N.Y.,Lockw'dBros.AH
600,000
6
M. A N.
do
do
6
40^,000
1,800,000
7g. A. A O.i \ Last paid Oct., 1888 i
142,000
A. A O.
5 g- J. A J. 1st coup, due July,1893
1,213,000
10
Oct. 1
795,000
1,000
I
|
whom
J.
J.
a-
i
(I)
100
100
200
200
|
I
5,068,000
4,305,000
pal, When
A M N. Y., 23 Broad St.
Julyl, 1937
* J. N. Y., Central Tr. Co. Oct. 1. 1918
A O.
April 1, 1921
A O.
Oct. 1, 1897
F. A A.
New York A I-ondon. Feb. 1, 1938
J. A J. Phil, or., 417 Walnut st July 22, 1889
Various
do
1890-1895
do
A. & O.
do
do
April 1, 1895
M. A 6 N. Y., 214 Broadway.
Sept. 3, 1889
J. 4 J.
do
do
July 1, 1889
A. A O
I.<iiii1mii.
April 1. 1895
A. A O. London.Morton R.A Co. April 1 1903
J. A D.
do
do
Dec. 1, 1905
J. A J. New York. 214 B'dway.
Jan. 1, 1951
A J.
do
do
Jan. 1, 1951
J. A J. London.Morton R.A Co.
July 1 1950
J. A J. N. Y., 214 Broadway,
Jan. 1. 1898
K. A A.
do
do
Aug. 1, 1921
A. A O.
do
do
April 1, 1952
A. A O.
do
Oct. 1, 1890
dil
M. A N.
do
do
Nov. 1, 1897
J. A D.
do
do
Dee. 1, 1907
5g.
4
$8,(534.000
1,000
,
When
Pay'ble
<#
520
520
520
Bonus PrinciDueWhere Payable, and by Stocks Last
INTEREST OR DIVIDENDS.
Hizc or
of
iar
column headings, Ac, see notes of
Road. Bimile Va"
alue.
on first page of tables.
For explanation of
*200
3g.
200
1,000
1,000
500&C
1,000
1,000
1,000
1,000
1,000
.
,
I
I
1
1/00
1,000
500
1,000
1,000
1,000
1.000
June
15,
Dec.
Dec.
1,
1,
At
1951
1952
1951
111.
Nov. 15, 1903
Jan. 1, 1906
Oct. 1, 1947
Jan. 1. 1948
Drawn
at 100.
A Tenn. (leased till the same time), to form the Memphis Holders of first mort. bonds due Nov., '87. agreed to an extension, subject
The Memphis Div. mortgage (trustee, U. 8. Trust Co.) also covers to call. In year ending June 30, '87, gross earnings were $188,701; net,
13 locomotives and 300 cars. The stock of the DuDletth A Dubuque $42,893; surplus over charges and improvements, $1,052. Gross in
bridge, $1 ,250,000, is owned. Fiscal year ends December 31. Annual 1888, $243,569; net, $43,896; defloit under fixed charges, $16,104.
F. M. Drake, President. Centreville, la.
election held in March.
Stocks and Bonds The 4 and S^per cents due in 1951 were issued
Indianapolis Decatur tc Western. Owns from Indianapolis
under the main line mortgage of '74. On the Chic. St. L. & N. O. the lessee Ind.. to Decatur, HI., 153 miles. It is contemplated to extend the road
guarantees the principal and interest of all the outstanding bonds prior westward to a connection with other important systems. This company
to the 5 per cent bonds, and by an endorsement on the latter bonds
is successor to the Ind. Dec. A Spring. RR., sold in foreclosure Mav 25,
guarantees the payment of the interest on the same until the prinoipal 1887. The capital stock Is $l,000.0i'0. Of the new 1st mort. bonds,
Is paid.
Of the first mortgage bonds, $541,000 are a prior lien on
are reserved to letlro the old I.D. A S. lsts, which are subject
that portion of the road in Tennessee. The trust bonds of 1886 are enough
to a sinking fond of $40,000 yearly, dependent upon earning-. The 2d
secured each one by a deuosit of a $1,000 bond of the Chic. St. LAN. mort. 5s are non-cumulative income bonds for five years. Interest due
O. consol. 5 p. o. mort. and they also have the agreement that they shall
April 1, '89,was defaulted, and in July road was turned over to trustees
be secured by any future mort. that may be issued on the 111. Cent, lines. of I. D. A S.
mortgage, and a committee of bondholders was appointed
The collateral trust bonds of 1952 are for an authorized amount of and a plan offered. (V. 49, p. 114. 580 ) Trustee of first and second
$15,000,000, and secured by pledge with the U. 8. Trust Co. of N. Y. mortgages, Farmers' Loan A Trust Company.
In year ending
of $16,350,000 5 per cent 1st mortg. gold bonds of subsidiary rail- March
31, 1889, gross earns, were $425,336, net $93,481. N. Y. Office,
roads as follows: Canton Aberdeen A Nashville, 88 miles, $1,750,000. 2 Wall 8t.-(V. 47,
V. 48, p. 432; V. 49, p. 22, 114, 206, 341,
p. 626, 708;
Yazoo A Miss. Valley, 140m., $2,800,000; Chicago Havana A Western, 402, 580, 654.)
with the Miss.
Div.
131m., 2,500,000; Rantoul, 75m., 1,000,000; Cedar Rapids A Chicago;
42m.; $830,000, Cherokee A Dikota, 155m., $3,100,000; Chie. MadiIndianapolis A; Vlncennes. -Owns from Indianapolis, Ind
son A Northern, 225m., $4,370,000; total, 850 miles; $16,350,000.
to Vinoennes, Ind., 117 miles; branch, Bushrod to Dugger, 12 miles;
Dividends paid since 1870 have been
In 1871, 10 per oent; in 1872, total, 129 miles. The Penn. Co. owns a controlling interest in the stock
10; in 1873, 10; in 1874, 8; in 1875, 8; in 1876, 8; in 1877, 4; in 1878, and operates the road, advancing the deficiency to pay interest on the
6; in 1879, 6; in 1880, 6; in 1881, 7; in 1882, 7; in 1883, 8 and 17 per bonds. The capital stock is $1,402,000; par, $50; due Penn. Co. Deo.
oent in Chicago St. Louis A New Orleans stock, exchangeable for 31, 1889, $1,990,653. In 1883 gross earnings, $151,2 31; net, $31,364;
leased line certificates; in 1884, 10; in 1885, 8; in 1886, 7%; in 1887 and deficit under interest, etc., $176,147.
Annual interest on debt,
1888. 7; in 1889, 5>a.
$203,120.
Prices of stock yearly have been: in 1871, 1323>139 1a; in 1872, 119
Iowa Central. Owns from Albla, la., to Northwood, la., 188
140; in 1873, 90
126la; in 1874, 90ai08>a; in 1875, 88 1*
106ifl; in
miles (of which 12 miles. Manly Jnno. to Northwood, is leased to Burl.
1876, 60 7gal03%; in 1877, 40Vj79; in 1878, 72%a87; in 1879, 79k
100%; in 1880, 99i-3127%; in 1881, 12431461a; In 1882, 127%150i; Cedar Rap. A Nor.) Oskaloosa to Iowa June, 184 miles (in 63 miles of
In 1883, 124148; in 1884. 1103140; in 1885, U9H140; in 1886. this, Monmouth June, to Iowa June, company has one-half undivided
130143>s; in 1887, 114138; in 1888, 113123>s; in 1889 to Nov. 22, interest); Grinnell A Montezuma Branch, 14 miles; Story City Branch,
36 miles; State Centre Branch, 28 miles; Belmond Branch. 22 miles;
lnolusive, lOe^HSk.
Newton Branch, 28 miles; total owned (and coverei by mortgage),
Operations and Finances. The company, to extend Its business, 501 miles; leases Manly Juno, to Lyle, 20 miles and tracks at Missisacquired the line from Cairo to New Orleans, and invested largely in sippi River, 3 miles; trackage, Iowa June, 111., to Peoria, 111., 3 miles;
Improving the property, and in 18S7 acquired the leased lines in Iowa total operated, 515 miles.
Chartered as Central RR. of Iowa and opened in 1871. Reorganized
by purchase of their stocks
From Jan. 1 to Oct. 31, 1889 (10 raoa.), gross earnings (Including Miss. as Central Iowa June 18, 1879. after foreclosure sale under first mortA Tenn. Div. in 1889) were $11,358,448, against $9,487,327 in 1888; gage. In October, 1884, default was made in payment of interest, and
in 1888 company reorganized under pre^ent tide according to plan
net, less perm, expenditures, $4,293,480, against $2,898,676 In 1888.
For 1888 the annual report at length was In V. 48, p. 273, 289, 293. stated in Chkonicle, V. 44, p. 653. Foreclosure sale of the Eastern
The profits of the whole line are shown in the figures below, which Division and branches was made sept. 17, 1887 of the main line Nov.
includes the Iowa roads for the full years prior to 1888, though the net 9, and of the Illinois division March 17. 1888. Trustee of 1st mortgage
earnings for the three months Oct. 1 to Dec. 31. 1887 ($197,922), aro Mercantile Trust Co. See abstract Y. 49, p. 582. Common stock is
deducted in the income account, showing tne proper balance to Illinois $8,600,000; preferred, $5,600,000; par of both, $100.
Central for that year. In 1888 the operations of the Iowa roads axe, of
From Jan. 1 to Seot. 30 in 1889 (9 months) gross earnings were
course, excluded altogether.
$1,065,290, against $989,833 In 188S net, $253,964, against $94,062.
The fiscal year ends Deo. 31. Income has been as follows:
,
:
;
.
;
;
INCOME ACCOUNT.
1885.
R'dop'rat'dDeo.31.
Gross earnings
Net earnings
1886.
2,066
at
2,149
a
1,953
jt
a>
12,621,264
5,994,635
336,593
12,529,494
5,988,790
415,464
13,546,288
6,235.347
896,861
11,822,476
4,675,134
1,760,692
Total net
Disbursements
Rentals
6,331,228
6,404,254
7,132,208
6,435,826
Inton Ill.Cen. bonds
Dividends
Taxes
Iowarosds
1,901,038
1,875,073
1,805,585
544,400
2,720,000
556,074
776.760
2,430,000
f75,459
1,812,635
1,024,020
Construction aco'ts.
Miscellaneous
518,859
60,807
615,926
122,443
801,760
2,850,000
646,375
197,922
583,377
53,114
6,331,178
6,395,661
8,593
Interest,
Ao
Total
Balance, surplus
*
Gross earnings
Net earnings
Southeastern
Jacksonville
1888.
1887.
$1,352,526
$174,373
$1,363,531
$37,509
p.
234, 402, 532.
$171,196
-(V. 47, p. 531, 663, 745; V. 48, p. 70, 159, 589; V. 49,
Owns
A
from
Jacksonville
St. Louis Railway (Pekiu
to Ceni ralla, 111., 112 miles Chicago Peoria
to Jacksonville and ilav.iui to Spriugtield, Ills.) 120 miles; Louisville
St. Louis Railway (Ceutralia to Drivers) 17 miles. Leases Pekin to
Peoria 10 miles; Drivers to Mt. Vernon 5 miles. Operates Litchfield
Carrollton
Western RR. (Baruett to Columbiana), 52 miles. Total,
316 miles. Ettens on i- prop.sed of about 50 miles, Litchfield to St.
will is-ue its bonds at $15,000 per mile.
8t.
Louis, and the 0. P.
8t. L. bonds were described in Chronicle
(V. 48, p. 729.) Chic. P.
on the system for year enuing June 30, 1888,
V. 48, p. 223
Earnings
were gros, $513,772; net, $211,8 32; surplus over interest and
;
A
50
2,800.1)00
607,263
220.781
213,947
6,998,633
6,708,646
133,575 def. 272,820
Includes interest on bonds of leaded and subsidiary lines.
509; V. 46. p. 368, 380, 382, 771; V. 47, p 327: V.
48, p. 112, 128, 251, 273, 289, 293, 368, 452,855; V. 49, p. 52, 316,
471.1
(V. 45, p. 142,
Illinois A: St. Louts. Owns Belleville to East St. Louis, 111., 15
miles; blanches to coal mines, 4 miles; total owned, 19 miles; leases
Venice A Caron. RK., 6 miles (and guarantees the bonds): total operated,
25 miles. Cilpltal stock, $900,000 preferred and $617,000 common;
par. $100. In year ending June 3o. 1887, gross earnings were $204.406; net. $98,247; surplus over all Interest, $48,984 in 1887-8 gross
were $235,507 net, $103,176
surplus over fixed charges. $57,698.
Road has gone into Louis. Evansville A St. Louis Consolidated.
Indiana Illinois A; Iowa. Completed and In operation from
Btreator, 111., to Knox, Ind., 120 miles. Stock, $3,598,000, par $100.
;
;
1886.
$1,323,625
1888.
1887.
2,355
;
A
A
A
L
For the Chicago Peoria A St. Louis Railway, from
1, 1889 (6 inos.), gross earnings, $110,804; net,
Feb. 1, 1883, to March 31, 1889 (12 months)
$19,578;
gross earn'swere $322,822; net. $129,661; and in the year ending Feb.
1, '88, gross earnings were $237.54); net, $119,163: surplus over interest, $44,163. W. 8. Hook. Pres't, Jacksonville, HI. (V. 47, p. 107,
353; V. 48, p. 222, 223, 729.)
taxes, $121,534.
Feb. 1 to June
from
Tampa & Key
West. (See Map) Line of road
Jacksonville
Jacksonville, Fla., to Sauiord, 126 in.; Enterprise branch, 5 m. Deland
Leases At. Coat St. Johns a I. R., Enterprise to Titusbranch, 6m.
vllle, 37 m.; Florida Southern (3 ft. gauge), Palatka, Fla., to Gainesville 50 m.; Rochelle to Leesburg, to Brookvllle, 106 m.; Bartow to
Punta Gorda, 81
Lecsbug to Astor, 50 in.; other branches 23 in.;
total. 310 in.; St. Johns R'y. Tocoi, Fla.. toSt Augustine. 15
; St. AuSt.
;
gustint A Palatka Junction RR. Junction. Fla., to Palatka, 23
52 m.; other mileage, 11
Johns A Halifax RR.,Palatk*,Fia toD.ivtonn,
in,: operates Jacksonville, St. Auguttine A Halifax, 37 in.; Sanford A Lake
Eustis RR., Sauord to Tavares, 29m.; total operate.!. 651 miles.
This road forms a link in the Atlantic Coast line running from Jacksonville to Sanford. Floridn, and via South Florida road to Tampa, whence
m
;
m
,
m
November,
KAILROAD STOCKS AND BONDS.
1889.]
77
Gordons
Lake
Macoru.
^Bul lards
^Dublin
o
JsSn?
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Reedy
incliester
Hill
Coiqiran.
Vienna
G
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Grahani^-Sv,
burg
^olrwinvi^e
*
r*es^ "
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3>':Uihvinco
Argyle
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Huekle'berrvJ
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MAP OP THE
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@
TAMP.A
KEY WEST
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INVESTORS' SUPPLEMENT.
78
[Vol.
XUX
subscribers wlllconlc^a great favor by giving Immediate noil,, of any error discovered in these Tables.
in
:
- kit
explanation of cohiiini headings,
on first pugo "< tables.
Ac, see note*
'Mile
of
Koad. Ron
<i Yincennes
1st mortgage, guar
2d mortgage, guaranteed lVnn. Co
Iova Centra/ lst H., gold. $ 15,000 p.
Jacksonville Southeastern 1st mortgage
General mortgage
Chic. Peoria A St. L. RR, let M guar
do
do
1st ooiisol
Inilianttf><>IU
m
C
<
o'
e*
o*
,
c
Lltchtleld Carroll.
W. RR. 1st ($10,000 p.m.) o*
Louisville
8t. Louis
Co
o*
Jacksonville Tampa <t Key West lst,g..rtd.at llO.c'
Collat. Tr. loan ou Flu. 80. stock and bonds
...
2d Ms. exten. (Hawley Br.).
Jefferson t Pa.; 1st
1st m. ( nrboudale to8.depot,37in.g. gd. pr. Aint.0*
A
&
RR
117
117
501
54
112
120
120
52
A
Jefrrillcllad.itlnd.
2d mortgage
Joliet <tXorlhen\
Junction
lstM.(s.f.$15,0Ou,dr'natllO)c
Indiana
lstM.guar.by M.0...C
1st mort. (extended)..
( Philadelphia).
N
1,000
1.000
1,0011
1SSS
1889
1,000
1,000
1,000
1,000
1,000
1,000
"8
1888
1867
3-56
2d mortgage
3-56
Kanaicha d Ohio 1st ui'irt. ($10,000 p. m.)
127
c*
Kansas Central 1 rst mortgage
168
Kan. City Ark: <* A c> Orl 1st M., ($4,000,0001 g.O'
228
Kansas City Hett-let ($1.80,000 gu.K.C.F\8.AM).e'
HI
Kansas City Clinton <* Spring. lst M., g guar. C" 174
Pleasant Hill A I)e Soto, lst mort. gold
45
c*
Kan. C.F/.A'.crJf em .Stock ($2,749,700 13 8 p.e.pref .) 752
Preferred suck 8 percent
752
Coneol. mort ( $25,000 per mile) not drawn .. .0"
671
160
K.C. F. 8. AG. IstM., Id. gr.,s. L.dr'nat 110. c
do
202
Morts. guar, (part dr. at 105).. c
do
c
26
Kan. & Mo. RR
IKS!)
L866
1870
1*77
1882
1865
1886
1831
18 = 8
1886
1*85
1877
ftlli.000
;
745.)
V'
3-4-4
2,900,000
300,000
2,800,000
2,522,000
1,995,000
800.000
425.000
4><j
A
1
Y., Farm. L. A T. Co
do
do
Y.aty.Mero.Tr'stOo
N.Y.Aiu.Ex.Bk.A Phila
do
do
do
do
1908
1900
1!33
1910
July
1912
July
Mur.
1928
Kay 1, 1039
Jan. 1, 1916
Oct. 1. 1937
Jan. 1, 1014
Aug., 1898
July, 1927
Jan. 1, 1909
Oct. 1, 1906
July 1. 1910
July 10, 1907
July 1. 1907
April 1 1900
Jan.
1, 1936
Feb.
%
.1
do
do
.V.Y..N.Y.L.E.AW .1:1:.
A.
N. Y., Farm. L.
7
J.
J.
g.
7
4.H
6
6g.
6
6
m
June
N. Y. Mercan. Trust Co.
Bost., Am. UiaiiAir.Co
I'iiila.. Fidelity Tr. Oo,
7
g.
6
1,855,000
3,192,000
58,000
9,960,000
2,750,000
11,150,000
2.247.0C0
1,084,000
390,000
May
N. Y., Airier. Ex. Bank
N. Y., Hun. Hat Bank.
A.
5
300.000
1,160,000
1,348,000
1.000
1888
1879 100 Ac,
80'84 1,000
1S82
1,000
;
A.
J.
A.
4
do
,
In defaut.
A
A O
A O
A A,
A A
i.N
A D
A8
A A
April 1, 1911
Oct. 1, 1913
Oct., 1886, last paid
O.
A A O
A J
7 g
1>S
Co.
do
do
|J.
5g
AT.
do
N. Y., Farm. L. A T. Co
Phila., 233 80. 4th 8t
1,
1,
1,
1,
1,
1,
London.
Boston, 26 Sears' Bid?. Jnlv
Boston, Merch'sNat.Bk, Oct.
1,
1,
1,
1916
1.125
1907
Boston, 26 Sears' Bldg Aug. 15, 1889
do
do
Aug. 15,1889
Bost., Nat. Webster Bk.
May 1, 1928
do
do
June 1, 1908
do
do
Sept. 1, 1910
do
do
Aug. 1, 1922
do
do
Oct.
:
Mo., to Cairo, 81 miles; total operated, 752 miles. Company forn
April, 1888, by consolidation of the Kansas City Fort Scott A'Gulf and
Kansas City Spring. A Memphis railroads, the Kansas City Fort Soott
A
Gulf Company having been organized April 1, 187.-1 , as successor
to the Missouri River Fort Bootl A Gulf, foreclosed.
The consolidated bonds of 1388 (trustee New England Trust Co. of
Boston) will retire all the above bonds except tho <e o 11 the Current
River Rr., 81 mile?, which is not covered by the consolidated mortgage.
The guaranteed 7 per cent bonds due Sept. 1, 1910, are on the following leased lines: Fort Scott Southeastern
Memphis. 103 in
$15,000 per mile; Rich Hill Road. 23 miles, at (13,135 per mile; Short
Creek A Jopllu Road, 22 miles, at $14,209 per mile; These bond- are
guaranteed, principal and interest, and have a sinking fund of 1 per
cent of whole Issue annually, with which bonds are bought at 1 10, or, if
not offered, are drawn at 105: also the bonds of Memphis Kansas
Colorado RR., 26 miles, at $15,000 per mile, without sinking fund.
bonds are guar.; they were issued as per circuThe Current River
lar in V. 44, p. 246. The K.C. A M. Railway A Bridge bonds were offered to stockholders in June, 1889, at 95, and will be subject to sinking
fund drawings after 1891.
in 1882, 2 per cent;
Dividends since 1830 have been: On common
in 1883, 3; in 1884, 515; in 1885, 2s; In 1886. 4; iu 1887. 4ra; in 1883,
from 1882 to date,
3H; in 1839.3; on preferred In 1881, 8>
at the rate of 8 per cent yearly.
The annual report for 1888 was iu V. 48, p. 632, showing the following earnings for two years:
A
A
RR
;
Jeflersonvllle Madison Ac Indianapolis. (See. Map of Penn
syltania JiS.) Owns from Louisville, Ky., to Indianapolis, Ind., Ill
miles branches Madison, Ind., to Colurubus, Hid., 45 miles; Colum;
bus, Hrd., to Sheibyvirle, Ind., 24 miles; Jeffersonville, Ind., to New
Albany, Ind., 6 miles; Shelby A Rush RR., 18 miles; leases Cambridge
Extension, 21 rnilea; total operated, 225 miles. The road was leased to
Pennsylvania Company from 1873, with a guarantee of interest on
bonds and 7 per cent on stock. Lease was modified from January 1,
1880, the lessees to pay over all the net earnings of the J. M. A I.
The stock is $2,000,000, and the Pennsylvania Co. owns
roper.
1,981,600. Sinking fund, $15,000 yearly, draws 1st mort. bonds at
10.- In 1887 gross earnings were $1,543,039; net, $384,035; rental,
$318,080; surplus over fixed charges, $51,004. In 1888 gross earn-
ings, $1,3C,317; net, $239,179; deficit under interest, Ac, $101,413.
-(V. 47, p. 410; V. 49, p. 433.)
Joliet dr. Northern Indiana. Owns from Joliet, Hi., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
main line. Road opened in 1854 and leased to the Mich. Cent. Stock
($300,000) carries dividends of 8 per cent per annum.
Junction (Philadelphia). Owns from Belmont, Pa., to Gray's
Ferry, Pa., about 4 miles. It ci nnects the Penna., the Phila. A Reading
and the Phila. Wilmington A Baltimore RRs., coming Into Philadelphia.
Stock $250,000; par $;0. Gross earnings in 1888. $269,925; net, $160,727. Large dividends are paid according to receipts each year. In 1884
aid40p. c,in lfc85 20 p. c, in 1886 30 p. c, in 1887 and 1858 45 p. c;
1889 50 p. 0.
Kanawha Ac Ohio. Corning, Ohio, to Charleston, W. Va., 129
miles. The Ohio Cent. Riv. Div. defaulted on Interest Sept., '83, and
1
was
sold Oct. 22, '85, and this company organized. (See plan, V.
40, p. 3f6.) $I11,COO lst mort. bonds are reserved to retire the Ohio
Cent. Mineral Div. bonds. In Feb., 1689, Robert W. Kelly was appointed receiver. Foreclosure proceedings in progress. (See V. 48, p.
251.) Common slock authorized $2,200,000 ; lst pref., $0,000,000
2d pref., $4,000,000. Office, 2 Wall Street, N. Y. Gnnnell Burt, Pres't.
-<V. 45, p. 135 ; V. 46, p. 218; V. 48, p. 251, 688 ; V. 49, p. 200.)
Kansas Central. Owns from Miltonvale to Leavenworth, 166
mile. Sold under foreclosure of first mortgage April 14, 1679. Reorganized April, 1879: en April 1. 1887, default was made. Gross earnings in 1688, $135,863; def. under interest, Ac, $150,050. Gross earnings in 1887, $i: 8.650 def., $33,614 def. under interest, Ac, $114,494. Stock, $1,347,000. Union Pacific holds $1,313,400 of the stock
and $1,317,000 bond?. (V. 45, p. 53.)
;
;
A D
A J.
A J.
A 8
AN
A J.
A O.
A J.
A A
A
6
247,000
1,566,000
500
100
100
steamers run to Havana. The road was opened March, 1886. The land
is about 1,500,000 acres.
The bonds may be redeemed before mafniut at 110. Stock is $2,600,000. In October, 1888. an important
urity
agreement was made for control of the Florida Southern on January 1.
1889, and the issue of a collateral trust loan for $2,905,000 on that
company's stork and bonds. Ibis loan boars 3 per cent Interest till
1690, 4 per cent till 1894 alalia per cent for the remaining 5 years.
Bee V. 47, p, 531. From Jan. 1 to May 31 (5 mos.) gross earnings were
$219,522, against $203,710 in 1888 net, $79,68,!, against $43,806
In the year ending Dec. 31,1888, the gross earnings were $450,502;
net, $133,137. N. Y. office. 10 Wall St. (V. 46, p. 320, 573; V. 47, p.
631 V. 49, p. 235.)
Jefferson. Owns from Susquehanna Depot, Pa., to Carbondale, Pa.,
37 miles; branch, Hawley. Pa., to Honesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the N. Y. Lake Erie A Western for
$140,000 per annum for main line and $15,900 for branch. The mortgage of 1888 (trustee, Fid. Ins. Tr. AS. Dep. Co., Phila.,) provided for
1st M. 7s and for double-tracking 37 miles. It is guaranteed principal
and interest by lessee. The Hawley branch 2ds, $96,000, due in 1889.
were extended at 6 per cent. Capital stock, $2,096,050; par $50.
Samuel Hines, President, Scranton, Pa. (V. 46, p. 708; V. 47, p.
;
,v
800400
1,000
1.000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
StocksDividend.
If.
I
1,115.000
1,500,000
300,000
lsfsi;
bv
faW,
Payable
5,900,00;)
182
Homls I'liucipal.Wnen Due.
1
|1,700,0Q0
1,402.000
1*8*
1MSO
18-7
37
159
159
44
INrKRKBT OK I'lVin
When Where Payable, and
Rate per
iinling
Value.
1867 $500Ac.
1,000
1870
17
130
.
-J* **
Milt
i
Par
of
1887.
$4,771,168
3.007,495
Net earnings
Charges in 1838
1888.
$4,344,488
2,922,996
$1,763,673
Gross earnings
Operating expenses and taxes
$1,421,492
933,839
Balance for dividends
Paid 8 p. c. on pref. and 2>a
p.
$187,652
467,430
con common
$20,222
Balance, surplus
-(V. 47, p. 140,352,708; V. 48, p. 189, 632, 801; V. 49, r. 173, 404.)
Kansas
City
Memphis Ac Birmingham. Owns from Memphis
Birmingham, Ala., 2ol m. and spurs 25 in.; completed iu October,
1887. Bonds for $25,000 per mile are issued. The New England Trust
The I. iiiipuu nt
Co. is trustee under the mort.; abstract V. 46, p. 575.
Co. bonds are guaranteed by the K. C. M. A B., and are redeemable on
60 days' notice at 110 and interest. The K. C. Springfield A Memphis
owns half the stock and gives a traffic guarantee of 10 per cent of gross
earnings derived from business to aud from the new road, to be applied
The bonds may be drawn or bought at 110. Sto.-k
for interest.
$5,956,000; par, $100. (V. 45, p. 472, 575; V. 46, p. 200.)
to
City Ac Pacific. Owns CofieyviUe, Kan., to Paoli, 125
Stock outstanding, $2,500,000. In June, 1889, the receivers of
A Texas entered into a traffic agreement for the operation of this road, under which agreement they took possession July 8,
and are now operating It as part of their through line to Kansas
1889,
City. Vice-President, W. H. Wolverton, New York City.
Kansas
miles-.
the Mo. Kan.
Kansas City Wyandotte Ac Northwestern. (Sec Map.) Owns
from Kansas City to Beatrice, Neb., 75miles. 26 miles of tins (Seal
to Axtell; 12 miles; Virginia to Beatrice, 14 miles) being leased, the
former for 99 yeais from St. Jo. A Grand Island and the latter lor 999
years from C. R. I. A P. Owns branetr to Leavenworth and Fort Leavenworth, 16 miles, and other branches, 4 miles. Operates, muter 99
years lease, line from Tonganoxie to Caibon AM, 43 miles, lotal, 239
M
miles operated,
-Mort gage of 1888 (trustee. Farmers' Loan A Trust Co.) is issued at $16,000 a mile, with $3,000 additional for equipment and $,ono for second
Orleans. Under contract to 1.8 track, with further amounts for terminals. Whole issue limited by reso
built Horn liia be, Aik
to Monroe. La., 200 miles; branch to Pine Bluff.
lutionof Board Apr., 1889, to $3,750,000, covering road, 19 miles sid28 miles; total, 228 miles. Being built by Chios go A Arkansas Railway
ings, double track and equipment. Stook Issued $2,675,000; par. $100;
Construction Co., of Chicago, which owns the stock ($5,000,000). Road car trust
debt, $296,863. Company holds $138,000 bonds of Leaventone completed by Jan 1,1891. Trustee of mortgage, Farmers' Loan worth R. T. R'y. Annual report for 1888 was in CiimiNK 1.1:, V. I"-, p.
Kansas
City Arkansas
Ac
New
,
A Trust Co.- (V. 48, p. 462.)
291. Jan. 1 to July 1, 1838 (road partlv under construction) gross earnKansas City Belt. From Argentine to Washington Park, 10 ings, $112,773; July 1 to Deo. 31, 1888, gross were$isl,52l; net. $72,miles. Mortgage is for $2,500,000. Stock is $100,000; owned one- 659. These earnings do not include any receipts from trackage rentals.
half by Atchison Topeka A Santa Fe and one-quarter each bv Kansas Jan. 1, 1839, to Juue 1, 18S9, net earnings inci'g rentals. $73,683. NewCity Ft. Scott A Gulf and Chic Mil. A St. Paul. Double-tracked and man Erb, Vioe-President. Kansas City. Mo. (V. 46, p. 678. 819. 829; V.
used tor a terminal road at Kansas City.
47, p. 21. 709;
V. 48, p.
291,
292, 633, 662, 801, 855, 857; V. 19, p.
Kansas City Clinton A Springfield. -Owns from Cedar June, 22, 261,654
KaD. in Ar.li (.i.ve, Mo., 164 miles, and branch to Pleasant Hill, Mo.,
Kentucky Central Kallway. Owns from Covington, Ky., to
10 miles; total. 174 miles, but only 163 miles operated. Built in the
Roundstone (less 3 miles leased), 148 miles; Paris to Lexington, 19
interest of K. C. F't. 8. AG. RR which company guarantees the bonds.
miles; Palis. Ky., to Maysville, Ky.,49 miles; total ownc I, 217 miles;
In Jan., 1885, the Pleasant I 111 A De Soto road, 45 miles, was purchased
to Rowland, 34. miles; Roundstone to Livingston,
from Atch. Top. A S. Fe RR.. the K. C. C. A 8. Co. assuming the bonds. leases Richmond
3 miles; .total operated, 254 miles. This was formerly the Kentucky
Stock authorized. $2,500,000; par, $100: issued, $1,775.40(1. of which a Central
Railroad, which was sold in foreclosure April 2f, 1887. and
majority Is owned by the Kan. City Fort Si ott.V Memphis RR. In 1887 the
present company organized with stock of $7,000,000 ($0.8.31,600
gross earnings were $261,675; net, $99,456; def. under int., $68,738. issued); par $100. See abstract of mort. (Met. Trust o. of New York,
In 1688 gross enrnlngs, $274,135; net, $106,981.
Trustee), V. 45, p. 372. The company leased of the Louisv. A Nashv. RR.
r Kansas City Fort Scolt Ac ITIcmnhls.-Owns main line from its Richmond branch for 09 years from Jan. 1, 1883, for $24,000 per
Kansas it v. Mo, to Memphis. Tenn ,487 miles, with brandies, 184 m.; annum, with a right to purchase at any time for $100,000. The Maystotal owned, 671 mi:ce; leases Curnut River RR., Willow Springs, ville Division is leased for $2S,0l
per year, but the stock is all owned.
)
,
I
1
(
l
November,
1889.J
KAILROAD STOCKS AND BONDS.
79
INVESTORS' SUPPLEMENT.
[Vol.
XLJX-
November,
RAILROAD STOCKS AND BONDS.
1889.J
81
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
"INTEREST OR DIVIDENDS.
Miles
Date
Size, or
Amount
For explanation of column headings, Ac, see notes
of
of
Par
on first page of tables.
Road Bonds Value. Outstanding
h an. City
K.
Payable
A
Ft. Sett
Memphis I Cont'd).
C. Ht. 8.
G, Ten-yeir coupon notes
City J . Atf. Plain b'ds (rcd'M- at 105),
&
When
Ceni
Kan
85*86 5,000&c
gu. o*
Current Rv RR. 1st iuor;.$.!0,00 'p.m.giar..
Kan. C.AM. R'y A B'dge 1st M. g.s f.dr'n nt 1 10 o*
Kan. U.Memph. it Bir.lai M (drawn at 110*. o"
Bir. equip guar, (redeem, at 110)0*
do
.
mo'te ge
M.$19.00u p.in.,e ,$&
Beatrice, lac
g .guar..* 100,0 >0
Kansas riity tt Pacific
Kan. 0. Wyand'e it v. if
c"
Kan. Cicy A
o
Kentucky entrai Cnvlnnton A Lex. mint., extend.
Maysville A Lexington RR. uiorlgage
.
i
New
e*
mortgage, oid (7.oo i.ooo)
o*
Kentucky Union-lsi mort. for $3,000,0u0
Keokuk it Drs iloine* IstM Jut guar. U. tt.T.AP.o*
Keokuk it Wes'ern Coiumon sto h
Kings Co Elev.-ll M.,g.,ser.-'A."$55O,0O0p.m.e*
H4
35
80
49
2z0
io2
172
m
c*
2dinort. (*7,0(0.000l. $ .5",000 p.
Kingston tt Prm.br -ke 1st
.gold (redeem, at 1051
KnoxvUte Cumbirland Gap it Lnmui, -1st M, g..o*
LacKiiwinnad: iauihwetlrn
>rt. (forSsOJ.OOO).
La ke Erie Alliance it South. 1st vl.for* 1.250,1 H)0 c*
Inc. binds, non-euui.. g. (red. alter '97at lu6>..e*
Luke Brie it Western Com. Block. $20,000 per mile.
Preferred stock, 6 p. c. (not cum.) ($20,\,00 p. m.)
1st mortgage, gold (JSlo.oOO per uiiiei
c*
Lake Shore it Michigan Southern Stock
Guaranteed 10 per cent stock
Consoi. lstmort,
gmJtf01I(1> $230,000 y'rly oSr
M
M
A
113
68
110
6'>
60
f89
5-9
589
341
c
Ash. RR.)
r
95
o&r
18-4
1887
1889
1887
1888
1887
1888
1889
1-5
1876
1887
1888
1878
1,0'
l.ooo
$320,000
500.000
1,00' I
1,0 o
1,492.000
2.500,000
6,892.000
1,000
1,000
l.ooo
72s\000
2.125,000
3,071,000
500
1.000
1,000
(>
1.000
219,000
400,000
6,523 000
2.500 000
100 &0.
2,7 O.i'OO
1885
1888
1 J 82
1888
1,000
4,000.000
3.377.000
18-19
1.000
1,000
1,000
>
1887
1887
1,
00
1887
i'
6^
5*
5*6
7
8
-
6
5
1
1,000
o72 000
1,0110
1,500,000
5g.
1,000
100
100
1870
1870
1873
1869
1867
6
6
5
5g.
5
6
1,50
100
100
,341
864
864
864
258
|
J
Consol. 2d mort., do. (for $25,000,000)
3d morT. (Clev. Painesvllle
276
125
1st,
Lake Shore dividend bonds
81
1,000 t
1,000 j
1,000
1,000
1,000
.i
100
(1)
346,000
1,60. 00
11,810.000
11,840,000
5,920,000
49,466,500
533,500
15,041.000
149,000
24,692,000
1,356,000
920.000
5
6g.
Where Payable, and by
whom.
**
Investors' supplement.
[Vot. v
-
<
November,
RAILROAD STOCKS AND BONDS.
1889.]
Subscriber* will confer a great Javor by giving Immediate notice of any error discovered In those Table*,
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes
on first page of tables.
Lake Shore
<* Mich. Southern.
(Oont.)
Buffalo A Erie, mortgage bonds
....c
Det. Monroe A Tol., 1st mort.,guar
c
Kalamazoo A White Pigeon, 1st mortgage
c
Kal. Allegan A Or. Rapids, stock, 6 p. c. guar...
let mortgage, renewed In 1888
c
Jamestown A Franklin, 1st mortgage
..c
Jamestown A Franklin, 2d mortgage
c
Mahoning Coal stock
Preferred stock, guar. 5 percent
1st in., ?oungs. to And. Abranco.es, guar.. ...c
Lehigh it Hudson Hirer 1st ni.,g..lnt.red'ced to 5
2d mortgage consol. (for $500.000)
Warwick Valley.lst A 2d ms. ($240,000 2ds, 1911)
%
Lehiqh <& Lock. 1st mortgage
Lehigh Valley Stock ($106,300 ispref.)
1st mortgage, coupon and registered
c
2d mortgage
r
Consol. m., sterling, g., s.f. 2%y'rly, d'rnat par.cAr
do
clr
coupon and. registered
do
annuity
East on A Amboy 1st in., guar. Kaston to P. Amboy
Delano Land Company bonds, endorsed
Little Miami- -8tk,c6m.,gu.8%,99yrs,Pitt.C.ASt.L.
.
A2dMs. (jtly.wlthCln.A Ind.RR.).c
Renewal mortgage
c
Street con.fst
Little Kock <t Memphis First
Little Schuylkill UtoeK
mortgage, gold
c
Long Island Stock
1st M. Jamaica and Hunters' Point extension, .c
1st -M., main
. o
2d mortgage
c'
:
Consol.
M
g. ($1, 563.000
reserv'dfnrprior bits. )o
88
84
INVESTJP.S'
SUPPLEMENT.
[Vol. XL1X.
November,
RAILEOAD STOCKS AND BONDS.
1889. J
85
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
DE8CRTPTION
Miles
For explanation of column headings. 4c, Bee notes
on first paste of tables.
Long Inland
-
-
(Contin-eft)
General mortgage for $(,000 000. gold
New York 4 Rookaway. guar. int. only
Smtthtown * Port Jefferson morte.. guar
o'
Newtown & Fluslnn". guar, principal and inr. ...
B"kHn 4Mont'k lstM..2 s-r..gnar. by L. I. RR.'o
U
o*
Second mortgage (for $600,000). g
*
Oily <* Flushing 1st mortgage ...c
endorsed by Lo ig Isl. RR c*
''osol. mort.. gold,
at mortgage, gold
Louit-.tna Western
Lo t - Evansv. <f St. L. Cn* .J. 1st M. E. R. 4 E.
L F.48LL. ls,M..g.,fo $2,0<iO.OOO(2don72 M.)o*
Hunt. M--1I City 4 C. RR 1st M., gold, guar... .c*
Lang Inland
.
1
. .
.
c"
Lmis 1st niortg<ge
c"
4 Cnrondelet mO't., guar
o*
Concol. mort, gold ($8.00o,oo0)
L iuisvilU tt Snsheille Stock
y
Lebanon br. juno.,to Livingston, Louisv. loau ..c
Lebanon-Knoxv.,M. 1st on 62ni.(l,500.OO0> c'CeollianBr.,lstni.Cecu.tpLouis.,8 f.dr'natlOO c
Consol. 1st
(prior Uerf-are only $333.000)... o"
Memphis 4 Ohio, 1st in. Par's to Mem., gnar...o"
Metn.Clark8.4L..lstro.,,Guthr. to Paris.Tenn.c
1st VI. E.H.& N.,Hendei son to Nash.,dr'uat llO.o
General M., gold, drawn at 110 ($20.oo i.OO")..c'
Collat. Trust, 3d M g., (dr'n at 110) convert. ..c
c10-4O Adiustment M.. g , (red'ble aft. '4)
lst M. on N. O. * Mobile ]>iv.,N.O. to Mobile g c'
2d
N. O 4 Mob. Div.. New orl. to Mobileg.c*
Bonds seo'd by pledge of 2 M.8 .4 V.Ala.RK...e*
1st M., 8outheat.4 8t.L.Div..g.c \ E.8t.L tnEv'aville & br..
M., Southeast. 48t..L.DIv..i.e* >
p nsacol Div.. 1st mort., gold (rinwnat ttiSi..i>
Illinois <S St
Venloe
-
M
M
I
M
86
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-
INVESTORS' SUPPLEMENT.
N*
J_L
..
|Vol. XLIX.
.
Subscriber* will confer a great favor by giving Immediate notice of any error dlacoTered In theae Tables,
November,
i
1889.J
RAILROAD STOCKS AND BONDS.
8
SUPPLEMENT.
INVESTORS'
U
Dixon
CHIC/
-''
,
Pa
[Vol. XLIX.
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MAP OF THE
LOUISVILLE, ST. LOUIS
AND
^Mc Nairy
Somenrilla
TEXAS RAILWAY,
ajttoa
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IfH S_A.\' "'^a
/i
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AND CONNECTIONS.
S
.
,C'rintli
I
Noveiibek, 1889.]
ffy
f&>*
KAILKOAD STOCKS AND BONDS.
or
09
SUPPLEMENT.
INVESTORS'
Subscribers will confer
$x
ureal lavor by giving Immediate notice of anjr
DK8 'KIPTION.
Miles Date Size, or
Amount
of
Par
For explanation of column heading*. Ac, see note* of
on flrst page of tables.
Road. Bonds Value. Outstanding
|
30
71
Maine OtnCItOon.)
4ndros.RR.,BathClty loan.c
Portland A Kennebec. consolidated mortgage. ..c
A Newport, stork
Dexter
bonds
do
*anAe*.<f /..< Stock, lop.c.rciri till 1937.B. AM,
Manhattan ifi/er.) Consol. stock
Dividend bond certificates. (See remarks)
r
Metropol. El.. 1st M., $600,000 p. m., $ A ....&
do
2d M. (guar, by Manhattan)
c
N.Y. El.. 1st M. (payable at 105 aft. 1895)$ A*. e*r
Consolidated mortgage (for $15,000,000)
,
lOOAc.
1878
1879
1876
99
132
1886
1881
1887
1
None
1,000
1.000
l.oco
50
90
78
156
94
292
292
on 93m. in Tenn.). .o*
General mortg., gold
cAr
Mexican Central Income bonds, not yet assented. r
Debeiit.(secu.bycollat.)(maybe called Apr. '90) c
1st mort. (assented)
Priority consul. M. gold, redeemable at 110 .. o'Ar
Consol. M., gold, $32,000 per mile
o'Ar
1st consol incomes, gold, non-cum. ($9,600 p. m)e'
2d con.lnc.$6,4t0 p.m. red.at 50% tiUAug.l929.c
c
Mex. Nat. 1st M.. jr.. subaidv. nrawn at 1O0
1,(163
1,663
1,663
1,663
l.OIH
1872
1878
1883
1885
1854
1867
1877
1884
1881
1885
1881
1,000
1,000
1.000
1.000
1888
1889
1889
1889
1887
1,000
1,000
1,000
1.000
1,000
1,000
,(HH)
$A
in trust for extending road to Louisville and
for terminals. Trustee of mortgage. Central Trust Ci. April 1. 1889,
there were outstanding $311,904 equipment notes. Stoek, #2.420,000; par, $100. March 11 to June 30, 1889, gross earnings, $65,767;
W. V. MoCracken
St.. New York,
Co.. 42
net, $15,535.
Fln'l Agents. See full statement to N. Y. Stock Exchange in Chkon1CLE, V. 49, p, 146; V. 47, p. 381, 555,709; V. 48, p. 68; V. 49, p. 14C t34.)
which $380,000 are*held
A
WaU
O
Owns from LouisLouisville Southern (&e Map L. tf. A. <
Ky., southwesterly to Burgiu on Cincinnati Southern RR., 83
miles
Leased in Dec, 1888. to L mis New Al. A Chic, which company
Bos.,
Dividend.
2d Nat. Bk.A Port. July
do
do
April
A O.
A
Dexter, Me.
M.
Boat., Port, and Dexter.
M. A N. Manchester and Boston.
Y.. 71 Broadway.
Q JA. A O.
do
do
J. A J.
Y., Mercantile T. Oo.
.* M. A N.
do
do
J. A J.
do
do
J. A D.
do
do
do
5* M. A 8.
do
J. A J.
N. Y., Kessler A Co.
J. A J.
do
do
6g.
1.K)
1,430,000
2.378.670
3,278,456
1,427,500
576.200
1,500,000
1,400,000
In trust
1,260.000
1,000,000
2,264,000
1,000.000
1.241,000
1,461.000
1,304,000
7,000,000
50,541,00)
15,162,000
9,279,000
12.100.000
1,000
1,000
1,000
1
<t-J.
Issued.
"..".1.1
Whom.
Payable
6
1,000,000
100
100
100 Ac
156
156
cent.
1,166,700
6
3
122,000
175,000
1.000.000
"6'
25,453,540 l>s inscp
1.170,000
4
10,818,000
4.000,000
8,500,000
7
liooo
1.000
1,000
888
enor discovered In these Tables.
Bonds PrinciINTERH8T OR DIVIDENDS.
pal, When due.
Rats per When Where Payable, and by Stock* Last
$125,000
100
100
18
18
14
o
Consol.. gold ($1,400,000 1st
1MB
26
32
Marietta * North Oeorjia 1st M.l eoidi $7,000p.m.
Cons. lstM.,g.$4,500,000,s.f.$15.000 after 1897 c'
Marquette H. * 0. Common stock
Pret stock (8 per cent rental, D.8.8.A A.)
1st in.. M.AO.. Mai i] to Mich. A brs. lgr. not dr'n
Mort. 1st M.M<ch. to Anse. A brs. 40m.,red.atl00
M.lst A use. to Hough. A brs 45 m., red.at lOS.c'Ar
Gen. M. 1st M. on Mar. A West., 21m. int. guar c*
Kern. * Char'slnn Tenn. State loan for $1,736,906
1st mort. extended
24 mortgage, extended
1806 $100*0.
XLIX.
["Vol.
A.
M.
i.
Nor.
July 1. 1908
Nov. 1, 1899
Jan. 1. 1906
1988
Mar. 1, 1916
July 1, 1911
Jan. 1, 1937
in 1883
F. a"a
N. Y., 10 Wall St.
Aug. 15, 1889
J. A D. N. Y Chaso Nat. Bank.
June 1, 1892
M. A
do
do
Mar. 1, 1908
J. A D.
do
do
June 1, 1923
A. A O.
do
do
April 1, 1925
6
6
6
A "j. N.Y.,W.H.BrownABros.
A J.
do
do
A J.
do
do
do
A J.
do
3
July 1 Bost.Oflice.whcn earn'd
10
A. A 0.
O.
Boston OBlce
4
do
J. A J.
J. A J.
Boston A London.
Boston.
*8 J. A J.
7
7
l g
6 g.
Jan.
Jan.
Jan.
Jan.
J.
1,
1,
1,
1,
July 1,
Apr. 1,
July 1,
July 1,
July 1,
.
I
1
I
,
g.
1889
.
8
6
1,
Oct. 1. 1889
At option.
.
S
3 g.
3
1891
1895
1889
1,
1.
Sept.,
.
July 10 Boston when earned. Jan. 10,
July 10 Boston when earned. Jan. 10,
J. A D. NY.. National City Bk. June 1,
1915
1915
1915
1924
1911
1895
1911
1939
1911
1939
1939
1927
The
scrip issued for dividend in April, 1889, bears 4 per oent, payable
semi-annually, is redeemable at option of company, and is convertible
into new 100-year 4 per cent consols. See V. 48, p. 327. Net floating debt Dec. 31, 1888, was reported as $1,818,065.
Fisoal year ends Sept. 30; report for 1888-89 was in V. 49, p. 651.
1887-8.
1888-9.
1885-6.
1886-7.
,
Gross earnings
$7,426,216
Operating expenses... 3,960,191
$8,102,662 $8,073,871
5,201,050
4,970,450
$9,030,881
5.422,394
Net earnings.... $3,466,024
Interest and rentals... 1.806,393
$3,132,212
1,554.080
$3,472,821
1.554.C80
$3,658,487
1,534.080
11,578,132
P1,918,741
1,300,000
$2,104,407
11,430,000
ville,
agrees to p:iy interest on these 1st mortgage bonds as rental; but lease
year's not ce. The extension trom Lawreneeburg to Lexington, with branch. 43 m., has been completed;
trustee of extension mortgage Louisville Safety Vault A Trust Co.
Stock, $3,500,000; par, $100. See statement to N. Y. Stock Exchange,
Chronicle, V. 49, p. 146; also abstract of mortgage and lease, V. 4'.',
p. 342 and 343. (V. 46, p. 480; V. 47, p. 459, 745; V. 49, p. 146, 269,
342, 471, 540.)
Lykens Valley, Owns from Millersburg, Pa., to Williamstown.Pa.,
20 miles ; branch, 1 mile total operated, 21 miles. It is a coal road
leased and operated by the Northern Central Railroad stnoe July, 1880,
and previously by the Summit Branch RR. The lease is for 999 years
from March 1, 1866, and the rental is $62,500 per annum.
From Jan. 1 to Oct. 31 in 1889 (10 mos.), gr^ss earnings from coal and
mining operations were $741,958, against $815,540, In 1888; def.,
$21,423, against deficit, $16,287.
Maine Central. Owns Portland to Bangor, Me., via Augusta, 137
miles ; brandies, Cumberland Junction to Skow began, 90 miles; Bath
to Lewiston ud Farmlngton, 76 miles ; total owned, 303 miles. Leases
Burn ham Junction to Belfast, 33 miles ; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 18 inUes Bangor to Vanceboro, 114 miles; Penobscot Switch to Mt. Desert Ferry, 42 miles
Stillwater Br., 3 miles; Port. AOg. RR., Portland, Me., to Fabyans.
92miles; totalleased.316milee. Total operated Sept. 30, '88, 626 miles.
Of the stock $1,811,500 is owned by Eastern RR. of Massachusetts.
In August, 1888, leased Portland A Ogdensburg for 999 years and
guaranteed its 1 onds; rental, 1 pi r ceut on stock for first three years
and 2 pef cent thereafter.
There are also $58,000 5 per cent debenture bonds due Feb, 1894
and $42,000 Shore Line b per cents, due 1923.
Dividends since 1876 have been: In 1882,2 per cent; in 1883, 5^;
from 1884 to date at the rate of 6 per oent yearly.
may be terminated on one
;
;
Fiscal year ends Sept. 30.
Netearnings
188586.
1886-87.
1887-88.
$3,001,076 $3,142,407 $3,389,007
1,820,740
1,948,480
2,199,882
1888-89.
$3,828,162
2,514,716
$1,180,336
Total gross earnings
Expensesand taxes.
$1,313,446
$1,193,927
INCOME ACCOUNT
I880-8B.
Receipt*
1886-87.
$1,189,125
1887-88.
1888-89.
Net earnings
Other receipts
$1,180,336 $1,193,927 $1,189,125
7,400
8,870
9,919
$1,313,446
Total Income
ZHtburtementa
Rentals paid
Interest on bonds...
Dividends
$1,187,736
$1,202,797
$1,313,416
$189,000
707,130
215,578
$189,000
717,068
215,598
$1,199,044
^oll}*
1'
013 226
'
215,604
215,616
Total disburse's $1,111,708 $1,121,666 $1,142,208
Balance, surplus....
$76,028
$81,131
$56,836
(V. 45.p. 820, 854; V. 46, p. 573; V. 47, p. 50, 774.)
$1,228,842
$84,604
Manchester
A
Lawrence. Owns from Manchester,
to
(State Line), 22 4 miles; leases Methuen Branch, 3% miles'-' to26 miles. Road in operation since 1849.
tal operated,
leased for 50 years from Sept. 1, 1887, to Boston A Maine at a rental
paying 10 per cent dividends, at whijh rate dividends had been paid
for many years.
N H
Methuen
Manhattan Elevated. Road operated, 3239 miles. This was a
earporatlon formed (Nov. 24, 1875) to lease and operate the two elevated
railroads in New York City. The original lease of May 20, 1879 guaranteed 10 per cent per annum on the stocks. In June, 1884. all llabillties were assumed, and new stock was issued, by the Manhattan Co viz
For Manhattan, 85 per cent In new stock; for New York, 120 per cent-'
for Metropolitan, 110 per cent, making the whole stock #26,000,000.
Tnere arc large claims pending against the elevated roads for damage
to pro]ierty on their lines, and many of these are before the courts
In
June, 1888, it was resolved tliat the balance of net earnings, after paying the dividend, be appropriated to the payment of Judgments arid
claims against the company for itamagcs to abutting real es ate and in
1887-'8i there was so paid #513,770 (see V. 48. p 3t8).
Dividends have been : In 1884, 3 per cent; 1885 to 1887, lnelu-ive 6In 1888, 5; in 1889. 1 in cash and 4>s in scrip.
Range of prices
of consolinated stoek since 1883 has been as follows
In 1884, 64m
79; In 1885. 65lv3>: in 1886, 1208176; in 1887, 92>aalGlV in
:
1888.77*i9-:s.; In IhMMo Nov 22, Inclusive, 90109i.
In 1886 the debentures of the New York Elevated were issued for
advances made by the Manhattan Co, and in 183-1 $15,000 oo new
bonds were authorized to cover all those nnd to provide forf uture needs
i
Balance
Deduct dividends
$1,659,631
1,560.000
1,560,000
$674,407
'$618,741
$18,132
$99,631
Out of this surplus $513,770 has been paid out in settlement of
t 1 per cent In cash and 4<s per oent in sorip.
damages to property.
Number of passengers carried on the elevated railroads in New York,
and the gross earnings, since the completion of the roads
Surplus.
"
:
1878-79..
1879 80..
1880-81..
1881-82..
1882-83..
1883-84..
Passengers,
46,045,181
60,831,757
75,585,778
86,361,029
92.124.943
96,702.620
$3,526,s25
4,612,976
5,311,076
5,973,633
6.386,506
6,723.832
Earnings.
$7,000,566
7,426,216
8,102,662
8,673.871
9,080,881
Passengers.
Earnings.
1884-85.. 103,354,729
1885-86.115,109,591
1886-87.. 158,963,232
1887-88..171,529,789
1888-89.179,497,433
75,228,289.511,650, 802: V. 47, p. 188, 592,594; V, 48, p.
p. 207, 227,651, 654.)
Marietta A North Georgia (See Map) Completed Marietta, Ga.,
112 miles; branch, 7 miles, and 20 miles on Knotto Murphy, N.
vdle extension, making total mileage at this date 132 miles. The remaining 96 miles on Knoxville extension will be completed this year.
Road Is under construction north to Knoxville. Tenn., and south to Atlanta, Ga-,which wl'l make total mileage, iucluding branohes, 260 miles.
Stock Issued, $1,560,000. About $1,500,000 has been subscribed by
interested parties, including $275,000 b the city of Knoxville. The
Central Trust Co. of New York is trustee of the consol. mortg., issued
to extend the road, widen the gauge and retire old bonds, an e<iual
number for the latter purpose being reserved. After 1897 $15,000
yearly will be paid to a sinking fund for these bonds. Mortgage on
line from Marietta to Murphy, 112 m., is at rate (ft $16,000 a mile, and
on Knoxville extension #20,000, average rate being $17,300. Gross
earnings year ending Mar. 31. 1889, on 90 miles narrow gaugo road,
$136,763, against $77,438 In 1887-8; net, 77,438, agaimt $61,900 in
(V. 46, p.
260,21)2,327,368,580,799; V. 49,
C
1887-8
75; V. 47, p. 499; V. 48.
(V. 46, p.
p.
420, 6S 8, 763; V. 49, p.
Houghton A
Ontonagon. (See Map Duluth South
Marquette
Shore <? A.) Owns trom Marquette, Mich., to Houghton, 113 miles;
43 miles total operated, 156 miles. Has a land grant of about
branches,
80,000 acres. Business consists largely of transportation of iron ore.
Leased In perpetuity frou Feb. 15, 1S87, to the Duluth South Shore
A Atlantic RK., rental bein$ interest on bonds and $196,707 in cash,
(equal to 6 per cent yearly on the pref. s ook), all net earnings In excess
of this to go to commen stock. In year ending Feb. 15, 1888, gross
earnings were $1,110,264; net, $518,726; sin plus above fixed oharges,
$195,954; dividends paid (6 per cent) $196,707; loss to lessee, $754.
Charleston. (See Map of Eal Tennetiee TirMemphis
it Georgia).
owns from Memphis to Stevenson, Ala., 272 miles;
ranches to Somerville 14 miles, to Florence 6 miles; leases, -Steven
g'mia
son to Chattanooga, 40 miles; total operated, 330 miles. Of the consolidated mortgage, $1,41/0,000 are secured by the old Tennessee State
lien for $1,736,906, assigned to a trustee, and thus stand higher in
value. There are also ear trusts. The stoek is $5,312,725; par, $2o.
The East Tennessee Virginia A Georgia RR. in Sept., 1885, placed a
majorltv of the stock (which it owned) in the Central Trust Co. for
oontrol" The validity of this ownership of stock Is contested by the
minority stockholders, and a suit is pending on appeal lroin a deoislon
of the Chancellor given In favor of the minority.
From July 1 to Aug. 31, 1889 (2 mo.), gross earnings were $271,769,
ainst $237,709 in 1888; net, $97,635, against $17,364,
In the yo^r ending Juue 30, 1888, gross $1,759,732 ; net. $499,757 ;
surplus over interest. Ac, $103,179. In 1888 89, gross earnings, $1,617,928; net, $389,190.-(V. 47, p. 6*3, V. 48, p. 398, 72; V. 49, p.
;
A
X
;
471.)
Mexican Central (Mexico).
(See
Map.)- Mileage -Main
line,
Mexico CiH north, to El Paso del Norte, 1,224 miles, 244 miles on Tampico Div ision, 1 1 miles on Guanajuato Branch, 161 miles on Guadalajara
Division, and 18 miles on the 8an Bias Division, and a branch, 7 miles,
to stone quarry, made a total of 1,63 L iniles May 30, 1889. Other work
iu progress.
,
,
The company was incorporated Feb. 25, 1080, under the general law
of Massachusetts, and by transfer the company holds a charter from
The company has a
the Mexican Government, granted Deo. 5, 1874.
subside inm the Mexican Government of $15,200 per mile on most of
the lines, payable with 8 per cent of all duties. After suspension In
an nt from duties was resumed, and was 1 p. ct. Jan. 1,
1887, and after that 1 per cent more every six months, till July, 1890,
the full 8 per cent is readied. The stock is $41,999,800.
November,
1880.]
RAILROAD STOCKS AND BONDS.
93
91
INVESTORS'
SUPPLEMENT.
[Vol. XL1X.
Subscriber* will confer a great favor by giving Immediate notice ol any error discovered in these Table*.
IN
KIl'TION.
Miles
of
Wot explanation of column headings. Ac, see notes
Road
on first page of tables.
Par
of
Amount
Oul st sliding
Bonds Value.
Mexican Rational [( 'ontinucd)
50O4M (12,265,0
2dM.,ser." A," g.. inc. aoeuin. (fur $16.075.000). c* 1.001 1887
" H,"g ,in<> nun-tic. (for $16,675,000). r 1,064
1887 500 Ac. 12,26
2(1 M., sex.
r
1887
7,0 K).'
1,000
8<l morf.. deb (inc. not cum] gold
is l.ooo
162 1881
o*
1,000
Texas-Met lean. 2.1 M.. gold ($15,000 p. in.)
100
18,7;;Central Stock
1,637
HitAif/uii
1872
1,000
10,000,000
Consolidated mortgage ($2.(>O().00O are 5s)..c. .tr 270
115 1870
c. * r
1,000
1,900,000
M. C. Mlclueau Air Line, 1st M
200.000
1.000
*r 11") 1870
Michigan Air Line 1st M., assumed by M.
inoi t. on Grand River Val RR..C. A r
84 79-86 1.000
1,500.000
M. 0. bonds,
1889 l.OOOAc
39
G30.000
0*1
M. C. niort. on Kul & 8. Haven
o. Ar
70.000
39 1870
1,000
Kal. A 8. If. 2d mortgage, pold
50
491.200
84
Grand River Valley, stock, 5 per cent rental
r.tr 147 1872-3 1,000
1-t etui, and bridge
424,000
Detroit * Bay City
3,576.000
M.C.niort.onDot.ABayC.RR.(regis Q.-M.).c.Ar 147 1881 1,0004c
1.000
2,579,000
Jack. Ijuis. A Sag. con.ni.($l ,722,000 are 8s) e. a r 295 71 A' 80
13 1866 100*0.
150,000
Middlet<>trit rii.AW. thi)> lstni. ext. 25yrs In '86.0"
1871 5004M.
250,000
2d mort. guar., interest reduced to 5 per oent..c*
100
584
2,000,000
Jf i/ir. Lake Shore <* Wett Coinuion stock
100
584
5,000,000
Preferred stock, 7 per cent
404 1881
5,000,000
1,000
Consul, mort. for $5,000,000 ($12,000 p. m.) gold
1.000
r
1881
500.000
Income bonds (not cumulative)
1882
90,000
1,000
Equipment bonds of 1882 ($30,000 red. yearly).
85 1884
1,000
1,281,000
Michigan Div., 1st mortg gold (for $3,000,000>c
C
40 188
1,000,000
1,000
Ashland Division. 1st mortgage, gold
56 1883
1,000
1,100,000
8t. Paul Kastern Old Trunk. 1st, gold, lnt.gnar.c'
1885
1,000
500,000
Equip, bds. 1885 ($50,000 drn. yearly after '90|.o
1887
1,000
1,265,000
Conv. debentures, secured by mort. of '89, gold.o* 531
16 1886
1st Ms. on II irlev A On ton. branches (dr. at 100). c
1,000
175,000
531 189
1,000
1,432,000
Ext. A Imp. M. for $5,000,000, g..s. f. notdr'n...e*
65 1882
1st mort., gold...o*
<t Lake Winnebago
1,000
1,430,000
MUiraukee
520.000
65 1882
1,000
Income mort., gold (cumulative), int. paid
0*
l.ooo
1884
220.000
Delient.. convert., e leasee pays int. till 1804. c*
Rata per
Cent.
2 g
6 g.
-
5*
745
8
Co
8
6
5
8
24
8
6
6
48
4
31
|
8
,
.
.
8
g.
SS:
5*
g
5
6
-
g.
fflwrni
When Where
Payable
ii i
.
">".'
M
Payable, and by
Who
rhoin.
November,
EAILKOAD STOCKS AND BONDS.
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MAP OF THE
Roclrft
""di.
MILWAUKEE
LAKE SHORE & WESTERN
RAILWAY & CONNECTIONS
I
1
uO_t<
Jfc
Savanna
LjonPolJ
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Cortland
Oenevat/
f^Shabbona
CHJ(
November,
EAILEOAD STOCKS AND BONDS.
1889.]
Subscribers will confer a great favor by
DESCRIPTION.
Northern lstmort. Schwarz. to Gr.Bay.c
Cons. M. ($17,000 p. ni.),lstM. north of Gr.Bay.c
Hill <t Schuylkill Haven Stock > % rental .
..
Uineral Range Stock
1st niort.. due June I. 18 18, but not paid
1 st M., g"d, on Calumet exten., con vert. Into stock
Houghton extension, gold
Mortgage of October, 1886
Minneapolis dt St. L. 1st M., Min. to Merriam Jcn.o
1st mortgage, Merriam Junction to8tate Line..c*
1st in. .Minn. A- Dul.,Minn to White B.Lake.guar.c'
1st mortg., gold. ceup. (Al. Lea to Fort Dodgei.c*
Imp. and equip. M., lstA2dser jun. lienou I'd c*
Mort. on Southwestern extension ($12,000 p.m.)c
2d.l)dB.,inc,red.atl00g.<WhlteB'rtoFt.Dodge>c'
Milte. <*
'.
,
1st
mortgage, gold, Pacific Extension
Hate notice of any error discovered In these Table*.
Date
Size, or
of
Par
126
177
53
1 880
1884
$1,000
1,000
50
100
100 Ac.
INTEREST OR DIVIDENDS
Amount
Road Bonds Value. Outstanding
tables.
Mine
.mm"
Miles
of
For explanation of column headings, Ac,
on first page of
*vlu<t
o*
c
I71
12 Hs 1873
4>s
27
93
15
102
360
53
224
92
495
286
800
Stnn.St.P.itS.S-e.Xarte'iS. 8 St.M.A At.,lst M.g
Minneapolis A Pac. 1st M, $15,000 p.m.,gold.c*
Consol. M. (for $21,000,000), $20,000 p. m., g..c*
Missouri Kansas dt Texas Stock ($5,157 pref.)
..749
182
1st M., g, s. fund, land grant (U.P.S.Br.), red. at l?0
100
1st mort.. gold (Tebo. A Neosho) s. f., red. at 100
70
lstA-MM. dan. A Cent. Mo.,(2dM...$32,uOO,1892)
786
Consul. M., g., on road and land (red. at 100)-C*Ar
2d m.. income, exchangeable for genl. m. 5 per ct. 786
Booneville Bridge, IstM.gold. sruar.,s.f.dr'nat 1 00.
3eneral consol. mort , gold, ($9,331,000 are 5s)
,565
156
East Line A Red River 1st mort
776
Internal. A Gt. North'n 1st mort., gold
c*
776
do
2d mortgage, gold
do
Colorado Bridge bonds, sink'g f d.
. .
1885
1886
18-6
1877
1877
1877
1879
1882
1880
1880
1881
1886
1886
1888
1,000
500 *.o.
100 Ac.
1,000
500 Ac.
1,000
1.000
1,000
1,000
1,000
1.000
1,00.1
1,000
1,000
100
1868
1870
1870
1871-3
1876
1873
1880-6
1880
1879
1881
1880
1,000
1,000
1,000
1,000
500 Ac.
1,000
1.000
1,000
1,000
500 Ac.
1,000
97
Bonds
Prmol
s
IN VESTORS'
SUPPLEMENT.
[Vol.
XL1X.
NOV
I5IBEB, 1889.]
RAILROAD STOCKS AND BONDS.
09
100
INVESTORS' SUPPLEMENT.
Vibarrlbers will confer
favor by giving Immediate notice of any error discovered In theae Table*.
Bond* PrinciINTEREST OR DIVIDENDS.
srreat
it
DESCRIPTION.
For explanation of column headings,
on nrat page of tabic
MUM
Date
Sire, or
Missouri Faeifle -Stock
IstM., ft., (Pac. RR. of Mo.) extended In 1888...
2d M. (Pac. RR. of Mo.), (. f. $50,000)
1st inert, on depot In t. Louts (Pac. RR. of Mo.)
Of
Of
aonds
Value.
283
283
1868
1871
1872
1873
1876
1380
1,000
1.000
M. .Wond. Br., iPac.RR. of Mo), guar
16H
299
3d M. (covering all property of Pao. RR. of Mo.)
1st mort. on 8t Louis & Lexington (Mo. Pac)
IS ()
Consol. M.,g., $30,000,000 (15.28e,0OO ree'dl.c* 1,060
1887
Collateral trust bonds, gold ($15,000,000). ..o*Ar 1,120
80 1886
L*r. ACaney Val.RR.latM,g,gu. ($10,000 p.m. )c*
75 1886
Verdlerls Vail. Independence AW., 1st M.,g., guar.
210 1837
8t. L. Iron Mt. A So., 1st morv., couiion
2d mortgage, gold, coupons, may be registered 310 1872
99 1870
Arkansas Pranoh, 1st mort., gold, land grant.
71 1872
Cairo Ark. A T., 1st, gold, coup, or registered..
304 1870
Cairo A Fulton, 1st, gold, on road an i land
Gen. consol. and land gr. M., for $45,000,000, g 1255 81to'7
165 1875
Little Rock A Fort Smith 1st M., land gr. sink, f d.
1880
Sedalia Warsaw A Southern, 1st mort
"2 1884
Little Rock Junot'n, 1st A 2d M. ($35,000 are 2d)
1887
Mobile <t Birm. 1st, g., guar. ($20,000 p. m.). ..c*r 147
1888
Mobile <t Dauphin Isf.-lst M.,g. (for $3,000,000). c
c
"85 1877
Mobile* Girard 3d M. ($200,000 are 6s)
179 1881
Jfooi/rfJfon.'.-L.AN.RR.Co.,M.AM. tr't deedb'ds.
....o*
179
Income bonds, extended
Mooif * Onto 1st M. g'd, Mob. to Colum., 472 m .c" 472 1879
55 1883
1st mort., exten, gold, Colum. to Cairo A branch. o*
Gen'l M.(int.may be paid In scrip till '92) L g. s.f .0* 527 1888
bonds
'34to'7
Equipment
60 1888
Monterey it Mex. Gulf 1st M., g. $25,000 per m..c
81
<t EufaulalBt, s. f., $15,000 not drn..c
1879
Montgom.
,
1,000
500 Ac
1,000
1,000
l.OCO
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
1,000
1.000
1,000
1,000
1,000
l.OOOAc
1,000
500 Ac
1,000
500 Ac.
1,000
1,000
1,000
5%35%
:
m
:
.
exp
"."
n
am4
miscellaneous.
Totalearn.^gs
Operating expenseb
Netearnings
Ratio of earnings
$1,532,713 $1,575,920 $1,654,270
4,833,860
5,470,742
5,292 344
427.082
420.109
404,982
)6,d53,S55 $7,451,644 $7,366,723
i-055,101
4,228,755
5,E00,14C
$2,798,55* $3,2J2,8s<0 $ 1,866,58c
59-1
56-74
74-66
INCOME ACCOUNT.
Xteeipu
Net earnings
Dividends, Ac
Total net income
Disbursement*
InterestOH bonds
Taxes, rentals, Ao
Total disbursements
Balance for year
1885.
$2,798,554
189,799
$2,988,353
-
g.
V
g-
U
435,000
3,000,000
350.000
1,000,000
2,689,000
214.000
7.0O0.0O0
1,000,000
8,151,500
7
601,730
5g.
4 A
I'
8*
l
6
S
-
A7
5
1,250,000
1,500,000
ao
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York or London.
.
M.
\g
5g.
338O0O
QC
j.
A.
5
g
A.
A
A O.
A N
F. A A.
M. A N.
M. A 8.
J. A J.
A 8.
A A.
M. A N.
J. A D. N.Y Mercantile Tr. Co.
J. A D.
do
it
do
A J.
do
do
A. A O.
do
do
I. A J.
do
M. A N.
do
do
A. A O.
do
do
J. A J. N. Y., Ohas. Nat. Bank
F. A A.
N. Y. Of., 32 Nassau.
J. A D. N.Y.Kesslei-AOo.54Wall
M. A N. N. Y., L. A N. Otllee.
N. Y. A Louisville.
J. A J.
J. A D N. Y.,Farmers' L.&.TCo
do
do
Q. Jan
M. A S. N.Y.,GallatiuNat.Bank
Jan N.Y., Farmers' l-.AT.Co.
A N. New York and London.
J. A J N.Y.Ke8slerACo.54Wall
I*
l
'
*
M.
8
7
H. Y., Mercantile Tr. Co.
'
r,
*.
'i
5
M hom.
Q.-J.
1
4
t
g.
6
Sedalla to Warsaw, 42 miles; St. Louis Iron Mountain
1886.
$3,222,890
126,453
$3,349,343
1887.
$1,866,583
41,874
$1^908745
;
;
;
A
When due.
Last
Dividend.
pal.
Payable, and by
Payable
Cent.
Stocks
Oct. 15,
Aug.
July
May
Oct
Nov.
Aug.
Nov.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1889
1938
1891
1892
1893
1906
1920
1920
1917.
1926
192f
1894
Mayl, 1897
Juna 1. 1895
June 1, 1897
Jan. 1. 1891
July
Feb.
Aug.
April
Jan.
1,
1,
1,
1,
1931
1905
1910
April, 1914
Jan. 1. 1937
1928
June 1, 1897
irfay 1, 1931
Jan.. 1990
Dec. 1, 1927
July 1, 1927
Sept. 1, 1938
Var '90 to '97
May
1,
1,
,
Nov.
July
1.
1,
1938.
1909
Southern, 1,190
miles; Little Rock A Ft. 8. and Little Rock June, 172 m.; Kan. A Ark.
Valley, 83 m.; total, 1,875 miles. Grand total Missouri Pacifio mileage,
Jan. 1, 1889, 4,994 miles. Control of St. L. Ark. A Tex. was acquired
In Oct., 1888, by purchase of bonds.
The Pacifio Railroad of Mo. was sold in
Organization, Leases,
The present company was a consolidation in
foreclosure Sept. 6, 1876.
Aug., 1880. embracing the Missouri Pac. and a number of minor roads.
Ac
The St. Louis Iron Mountain A Southern stock was taken up with
Mo. Pac. in May, 1881, on the basis of three shares of Mo. Pac. for four
shares of Iron Mt., and the St. L. A Iron Mt. stock U held by Mo. Pao.
Stock and Bonds. Under the new regime the payment of dividends
was begun on the present stock in '80, in which year lJg p. o. was paid.
Dividends since have been In '81, 6 in '82, 6 1* In '83 to '87 lncl.,7 in
1888, 5*4; in 1889, 4. Range of stock prices sinoe 1882 has been as folin '86,
in ^84, 63>4100; in '85, ag^alll!*!
lows: In '83, 86a>106 7s
100S119; in '87, 84%all2; in '88, 66>489%; in '89 to Nov. 22, in:
;
;
;
;
;
61s*78.
The consoL mort. above is for $30,000.000 trustees John F. Dillon and
Edward D. Adams. Of the consol. bonds the balance unissued Is In the
clusive,
hands of trustees to redeem prior bonds as they fall due. See abstract
of mort. containing descriptions of prior liens, Chronicle, V. 47, p. 287.
The collateral trust bonds dee 1917 (Union Tr. Co. of N.Y., Trustee) are
secured by mortg. bonds of new railroads at $12,000 or $15,000 per m.
For securities pledged, Ac., see Chronicle, V. 46, p. 678. The Leroy A
Caney Val. RR., In Kansas, 80 ni, is leased and bonds guaranteed t y Mo.
Pacific as also the Verdigris Val. Independence A Western.
Operations. Finances, Ac The earnings below are tor the Mo. Pao.
and branches, 3,119 miles) for. notwithstanding the merger of St. L. A
Iron Mt. stock, the operations of the roads have been kept separate and
;
are so reported.
The annual report in Chronicle, V. 48, p. 365, had the followin r
The aotual deficit iu income account for 1888, after chareing 3>s per
cent dividends, was $1,641,554, but the company carried forward
a nominal surplus in its balance sheet at the end of 1887 amounting to
$6,086,604, and the deficit of 1888 was charged against that.
The report says The company has in its treasury, as an oflset to the
construction accounts, and inclusive of securities underlying the trust
5 per cent bonds, $29,000,000 of first mortgdge bonds of the branch
lines and $66,537,607, nominal value, of shares.
The annual report oi Mo. Pacific for 1888 was In the Chronicle, V. 48,
The earnings and income account were as below. The gross
p. 365.
earnings, operating expenses and surplus earnings of all lines operated
for the years 1887 and 1888 wtre as follows:
Ino. or Decrease.
1887.
1888.
Inc.
982
Miles operated, average...
4,813
3,831
Total earnings
$22,189,453 $23,519,999 De : $1,330,545
Total expenses
1,214,571
14,638,270 Inc.
15,852,842
:
:
$6,336,611
$8,881,729 Dec. $2,545,117
Surplus earnings
Inc.
9-20 p.o.
62-24 p.o.
Ratio op. exp. togrjssearn. 71-44 p.c.
For the Missouri Pacific proper and branches (3,119 miles) the leport
was as
follows:
EARNINGS AND EXPENSES.
1886.
1,488
Miles operated Dec. 31
$2,439,427 $2,483,363 $2,781,480
310,6 46 "1,502,022
425,782
$2,750,073 $3,985,385 $3,207,262
+$238,280
$636,012 $1,298,805
*
Of this about $800,000 was paid to int. A Gt. N., in settlement.
(V. 47, p. 21, 140, 170, 188, 227, 256, 257, 285, 353, 381, 440, 490,
594, 626, 664, 708; V. 48, p. 159, 326, 368, 369, 398, 462, 490, 527,
656, 589, 682. 730, 764, 799, 828, 854; V. 49, p. 22, 114, 173, 206, 300,
841, 434, 540, 544, 580, 616, 617.)
Missouri Pacific Road Owned and Operated Operates main
line St. Louis, Mo., to Omaha, Neb., 496 miles; Pleasant Hill, Mo., to
JopUn, Mo.. 133 miles; Verdigris Valley Independence A West. RR. and
ex ten - Leroy to Deering, Kan., 81 miles Leroy A Caney Valley Roper
to Peru, Km., 52 miles; small lines, principally in Kansas and Mis
BOilli, 654 miles: total Missouri Pacific system proper, Jan. 1, 1889,
"
1,416 miles. Also operates Branch lines," Including tho following The Council Grove Osage City A Ottawa, 70 miles; Topeka Salina &
Western, 71 miles; Council Grove Smoky Valley A Western, 27 miles;
Kansas A Colorado, 126 miles (with branch of 10 miles) Denver Memphis A Atl., Western Div., 139 miles; and Pueblo A 8tate Line, 151
miles; which form a continuous line from Ottawa. Kan., to Pueblo,
Col.. 540 miles, and have total mileage of 584 miles; Kansas Ft. Soott A
Wichita Ft. Scott to Kiowa, Kan., and branches, 304 miles; Denver,
Memphis A Atlantic Eastern Div., Chetokato Lamed, Kan., 272 miles;
other lines. 543 m. total " Branch lines," Jan. 1, 1889, 1,703 m. Missouri Pacrfle iiral branch lines, Jan. 1. 1889, 3.119 miles. Also operates
Centra' Brand Union Pacific, 888 miles; Sedalia Warsaw A Sou hern,
;
When Where
Rate per
7,000.000
2,573,000
800.000
246,000
3,828,000
650,000
14,904,000
14,376,000
520,000
750.000
4,000,000
6,000,000
2 500,000
1.450.000
7,163.000
18,078.000
2,342,500
500 Ac
500
made by the Missouri Pacific Co., lessee. See various reports and documents issued during receivership Indexed Delow ; also an account of
the early negotiations made for reorganization In V. 49, p. 206; and
the Olcott plan In October, 1889, In V. 49, p. 544; the F. 0. Hollins
plan on p. 617.
The International A Great Northern Railroad had been foreclosed In
1879 and was acquired by Mo. Kan. A Tex. In May, 1881, by an oxchange of two shares of Missouri Kansas A Texas stock for one of
International A Great Northern, and the Int. A Gt. N. stock (97,284
shares) is held in the treasury of the M. K. AT.; but In Apr 1,1889,
they were prohibited from voting it by an injunction. Default was
made on 2d mortgage in March, 1889, and on the 1st mortgage in May.
1889. Receivers were appointed Feb. 16, 1889, and again by the local
Texas courts, leading to some conflict of authority. (See V. 48, p. 251,
326, 368.)
The I. AG. N. guarantees $2,000,000 of Galveston Houston A Henderson 1st mort. 5 per cent bonds, of which M. K. A T. owns $400,000.
In 1888 gross earnings of the Int. A Git. Nor. (partly estimated) were
$2,949,227; net over expenses, $395,891; fixed charges, $916,230; deficit. $520,339.
Stock and Bonds. M. K. A T. has ranged as follows since 1877,
In 1880, 28ie49i*; In 1881, 34?e
Til.: 1878, 27>s; in 1879,
1
54; In 1882, 263s42i; in 1983, 19ia'a34''8; In 1884, 9'a23 4; In
in 1886, 21839k; in 1887, 16ia34H; In 1888, 10a
1885, 14V8>37is;
18%; In 1889 to Nov. 22, inclusive. 9% 14.
The oonsol. mort. 7s, due 1904-6, had a sinking fund of 1 per cent a
year, beginning in 1874, but the sinking fund has not been fulfilled.
An analysis of the general mortgage of 1880 shows Reserved to
retire underlying bonds on old road, $18,535,000 sixes; issued on
account of new road built or acquired, $17,924,000 sixes; total sixes
authorized to date, $35,815,000. Fives issued for incone bonds and
crip, $9,340,000 ; total genl. consols, outstanding, both 5 and 6 per
cents, $27,264,000. There has been som* confusion in regard to the
and the amount actuali}
number of bonds listed at tho Stock Exehfti
outstanding, since the numbers from 1 to 18,217 originally reserved to
been listed ever since 1881; also the fives are
retire prior liens, have
listed in the same series of numbers with the sixes, embracing the numbers from 28,217 to 45,815 inolueive. See abstract of consol. mort. of
1871 In Chroniclk, V. 47, p. 227, and of general consol. of 1880 in V.
47, p. 170.
A report of earnings for year ending Sept. 30, 1888, was in V. 43, p. 81,
and the gross and net earnings by divisions for the three months, Nov.
1, 1888, to Feb. 1, 1889, were in V. 48, p. 556.
No report for year 1888 was issued. The Missouri Kansas A Texas
annual report for 1 887, in V. 46, p. 380, showed
1885.
1886.
1387.
Miles of road operated Dec. 31 .
1,366
1,386
1,611
Mail,
Outstanding
$100 $43,974,850
1st
Earnings fr
Amount
Far
Koac".
Ao., see note?
.
Passengers.
ht
Freight
XLIX.
[Vol.
1887.
2,796
1888.
3,119
Earnings
$2,845,459
8,537,017
1,597,114
$2,939,725
7,790,949
1,647,967
Passengers
Freight
Mail express and miscellaneous.
$2,020,597
5,518,286
1,106,127
Total earnings
Operating expenses
$8,645,020 $12,979,589 $12,378,641
8,286,594
9,411,980
5,238,723
Net earnings
$4,692,995
$2,966,661
1886.
$3,406,297
1,360,832
1887.
$4,692,995
3,014,262
1888.
$2,966,661
941,376
$4,767,129
$7,707,257
$3,908,037
$1,875,470
2,531,770
$2,349,407
3,008,174
7
762.265
$2,535,718
-1,539,120
$3,406,297
income account.
Receipts
Net earnings
.
Dividends, interest, Ac...
Total net income
Disbursements
Interest on
bonds
Dividends paid
Rate of dividend
Taxes, rentals, Ac
Commissions on bonds
Loss on St. L. A San Fi an. stock
7
653,992
*3*
941,523
250.000
283,230
$5,061,232 $6,119,846 $5,549,591
$294,103 +$1,587,111 -1,641,554
*
The dividends actually paid in the year 1888 were 5% per cent, but
the income aocount in the report gives only 3 H, as above.
Bt. Louis Iron Mountain A Southern. St. Louis to Texarkana,
Texas Line, 490 miles; branch lines, Mineral Point, Mo., to Potosi, Mo.,
4 miles; Bismarck, Mo., to Belmont, Mo., 120 miles; Poplar Bluff, Mo.,
to Bird's Point, Mo. (Cairo), 71 miles; Gurdon. Ark., to Camden, Ark.,
34 miles; Knobel to Helena, 140 miles; Newport !c Cushtnan, 40
Total disbursements
Bam nee for year
KAILKOAD STOCKS AND BONDS.
November, -1889.]
t
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1
SUPPLEMENT.
INVESTORS'
1*09
[Vol. XL1X.
Subscriber* will confer a great favor by giving Immediate notice of an y error discovered In these Table*.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Hate Site, or
Amount
Rate pei
Of
Par
For explanation of column headings, Ac, see note of
Cent.
Road. Bonds. Value. Outstanding
Payable
on first page of tables.
102
157
132
organ's La.* Tex 1st M. (N. O. to Morgan Ctty).o*
1st mortgage, Alex. Extension, gold
S,i jSk^tock. 7
P. c. guar.
*dTu
mortgage, sinking fund
D.IUW
84*
i
84
2d mortgage
"34
137
652
340
321
321
125
29
p.ni.)c*J.r
31
46
20
7
650
48
48
122
119
91
o*
Sashviile 4 Decatur Stock, gnar'd 6 p. c. by L. A N
1st mort. guar. s. f. ($200,000 held In stock fund)
Xash. Flora Siitff.- 1st M.for$2,500,000,g.,guar..c
Dashtilte < Knoxvitle 1st mort. for $2,000,000.-0*
Natchez Jackton <t Colum. 1st M.$12,500 p.m.,g.c*
augatuck 8t'k,10p. c. ren'l, 99 yrs., N.Y.N.H.AH
N
1st mortgage
1W4
500 Ac
500 Ac.
lsii;
1.000
1,000
1,000
1871
1875
Var'us
i"oo
73-'80
c*
lstmort. on Lebanon Branch
1st M. on Jasper Br. (tOO.OOO are 8s, due 1906)0*
oMcr
( eiitreville Branch, gold
1st M. on
1st M. on Tracy City Br. (Tenn. C. A I. RR.).c**r
let M. on Bon Air Br., 10-308. $20,000 p. m. ..o*
-Consol. M., g. (for $20,000,000), $20,000 p.ro..C
Duck Klver "KR 1st M.,$6,0O0p. m., assumed. c
2d mort., assumed
"ioo
1873
1.000
1.000
1881
1871
5,000
1877
1.000
1877
1,000
77'83 1,000
1883
1,000
1887
1,000
1887
1,000
1888
1,000
1876 500 Ac
ls81
1,000
1870
1887
61
61
18
i
100 AC
100
1883 l.OOO&c
50
16 miles;
Neelyville to Doniphan, 20 miles; Allenvllle to Jackson,
Arkansas Valley Div. (foimerly L. Rock. Miss. R. A Texas), 113 miles;
Warren Branch, 49 miles; Bald Knob to Memphis, Tenn., 93 miles; total,
:
Receipts
-Gross earnings
.Met earnings
.
1886.
1887.
1888.
$7,311,612 $8,331,822 $8,084,640
$3,4 43,281 $3,483,392 $2,994,614
118.502
159,800
60,239
$3,603,081 $3,t01,94 $3,054,853
Other receipts
Total net income
Disbursements
Interest on bonds
Taxes, bridge exp., dividends,
Total disbursements
Balance for year
$2,214,131 $2,358,397 $2,407,300
92.052
Ac. 350,144
419,003
..$2,564,275 $4,050,449 $2,816,303
+$1,038,806 - $4 It- ,555 + $238,551)
V
(V. 47, p. 327. 453, 499, 708, 770; V. 48, p. 189,
a. 342, 540, 690.1
365, 369, 8O1
;
V. 49,
1918
1920
1889
1914
May
1891
Aug.
Jan. 1, 1900
Oct., 1901
June 1, 1915
7
7
7
7
1,
1,
2,
1,
1,
Various
4>?A5
A N. Nashua, Co.'s Office, Nov. 1. 1889
do
1893 A 1900
A A.
do
1>4
Q.-J. New York A Nashville. Oct 10, 1889
7
A J. N.Y., Continental N.Bk. July 1, 1913
do
do
Jan. 1, 1901
6
J. A J.
do
do
June 1, 1891
4
J. A D.
do
do
Jan. 1, 1917
6
J. A J.
6
do
do
Oct, 1. 1 >17
J. A J.
do
do
Jan.,190<;\28
6g. A 8 J. A J.
do
J. A J.
do
Jan. 1. 1928
do
do
Jan 1892 to'17
8* J, A J.
do
do
6
|J. A J.
July 1, 1917
do
do
5 g. A. A O.
April 1, 1928
do
6 A8 J. A J.
do
Jan. 1, 1896
do
do
Nov. 1, 1909
6S M. A N.
3
J. A D.
Nashville.
Dec. 6, 1889
7
J. A J. N. Y., 52 Exoh. Place.
July 1, 1900
F. A A. N. Y. 52 Exch. Place. Aug. 1, 1937
1918
M. A N. N. Y Mercantile Tr. Co.
M. A S. N.Y.,Metropol. Tr. Co Sept. 1, 1912
6
5
J. A J. New Haven, Ct., Treas.
July, 1889
4
J. AD.
do
June 1. 1918
do
2i
M. A S. Phlla., 226 South 3d St, Sept. 1, 1889
M.
4>s
6A5g.
F.
.1.
-
Disbursements
on mort. bonds..
1885-86.
1896-87.
1837-88.
1388-89.
$481,600
Interest on car treats
Rent to 8t. L. AC...
38,636
$480,800
15,426
128,863
11,303
$180,000
40,408
165,(00
19,510
$480,000
10.281
165,000
183,483
$636,393
$704,918
$968,768
;
Dec. 31, 1888, 1,190 miles.
There wert yet out Dec. 31, 1888, $345,455 of old income bonds of the
several If sues. The Mercantile Trust Co.. of New York, is trustee of the
general oonsol. mortgage for $15,000,000. The stock ($25,731,025) is
nearly all held in the treasury of the Missouri Pacific Railway Co.,
having been retired in May, 1881, by the issue of three shares of Mo.
Pacific stock for four of St. Louis A Iron Mountain. The sales of land in
Arkansas on which the Cairo A Fulton Bonds have a lien are given In
the report for 1888 as 100,092 acres at $2 33 per acre. Lauds in
Arkansas unsold Dec. 31, 1838, 759,075 acres; in Missouri, 101,333
acres; of Lit le Rock A Fort Smith RR.. 559,103 acres.
The Little Rock A Fort Smith road was absorbed by an excharge of
See title of that comIts stock in 1887 (4 shares for 3 of St. L. A I. M.)
pany
pat in Supplement of May, 1888. and previously. Ou Dec. 31, 188S,
had outstanding $447,247 coupon notes.
ibe
the L. R. A Ft. Smith
The St. L. A I. M. report for 18: 8 v...- published in the Chronicle
"V. 48, p. 366, and the income recount was as follows
LNCOME ACCOUNT.
Last
Dividend.
April
106,000
34,000
2,170.557
2,100,000
1,728,000
900.000
1,250,000
2,000,000
150,000
1,412,500
1882
Princi-
When Due.
Stock*
Julv
Julv
1,750,(100
1,000
1,000
1.000
181-8
100
Suquchon. Vai.-Stock, 5p.c. guar. till 1904, L.C. AN
miles
$5,000,000
1.477.000
15,000,000
5.000,000
2,999,000
S81.000
4. 99 1.000
8,007,000
2,795,000
800,000
300.000
6.668,006
6,300,000
1,000,000
500.000
750,000
300,000
401,000
376.000
600,000
130.000
50
15
by U.S. Government
Bonds helil
M.on Fayette, and McM.bn.($6,000
$1,000
1,000
Var'us
Convertible bonds
i.- v.
".;.-Gen m. A 1st on Boonton Br. Ac. (guar. D.L.AW.)
Oonsol. M. (for $25,000,000) guar. D. L. A W.c'.v
----Bpeolal real estate bonds
Vfashua <* Loieell Stock, p. e ren'l, 92 yrs, B. A M.
niort. ($100,000 are g. 5s, J. A J.,1900).c
Bonds not
JfathvUte Chattanooga * St. Louis Stock
o**r
lstmort. (for $6,800,000)
c'&r
2d mort.. gold or silver
rist
1878
1880
Bondt
pal,
Int.
Miscellaneous
Total dlsbursem'ts
$520,236
$5,474
$27,490
$1,320
$66,013
Balance, surplus
-(V. 47, p. 83, 188, 562; V. 48, p. 372, 462; V. 49, p. 113, 680.)
Monterey A Mexican Gulf. ( See Hap.) Road projeoted from
Monterey to Tampioo, Mi xco, 380 miles; aso from Monterey to Venailito, Mcx., 100 miles. Grading and track-laying in rai M progr ss and
91 mile? now in operation from Monterey to Linares. The Central Trust Co. of New York is trustee of the mortgage. Sinking fund
after Kovember 1, 1898, but bonds cannot be drawn. Gen. Trevlno,
President, Mexico; T. S. Bullo k. Vice President, 40 Wall 8treet,
New
York.
(V. 48, p. 764; V. 49, p. 300,
5 10
)
Montgomery A Eufaula.
miles. The road was foreclosed
Montgomery to Eufanla, Ala., 80
May 1, 1879, bought by W. M. Wadley,
and the present company organized.
Operated under contract by
Cent. RR. of Georgia, ami interest paid by the rental. Stock is $620,000.
In year ending June 30,
all owned by Central Railroad of Georgia.
1888. gross earnings, $316,845;
$45,231.
(
net, $135,234;
surplus over interest,
Morgan's Louisiana A Texas Railroad A Steamship Co.
Map of So. Pae. Co.; The road owned is from New Orleans to Che-
>i
1
204 miles; branches, 55 m.; Cheneyville to Alexandria (under
track agreement), 24 in.; total, 283 miles. In Feb., 1883, the slock was
the South. Pae parties, and the South. Pac. Company held (Deo. 31,
sold to
1887) $4,062,700 out of the whole stock of $5,000,000; par, $100. This
company'" property consisted of 17 iron steamships plying between New
neyville,
RJoblle A Birmingham. -(S<e Map East Tenn. Ta. <t Oa.)
Mobile to Marion June. Ala., on the East Tenn. Va. A Qa. road, about
147 miles, opened in July. 1888. Abstract of mortgage V. 45, p. 274. York and New Orleans and between Gulf ports, also wharves, wareE. T. Va. A Oa. owns a niajorty or the stock and guarantees principal houses, and terminal facilities, besides the cap'tal stock of raiiroad and
and interest of bonds. Stock, $3,000,000 (par $100), and bills paj able other companies, including a majority interest in the capital stock of the
Houston <s Texas Central Railway Co., Ac. There are also $251,Aug. 23, 1888, $627,500. (?. 46, p. 320, 678; V. 47, p. 383, 442.)
Harbor Co. Projected 716 5 p.c. New Orleans Opelousas A G. W. bonds due 1899, assumed
mobile A Dauphin Island UK.
Mobile to Dauphin Island, Ala., 36 miles. Stock authorized $3,- by this company. In 1888 gross earnings were $5,226,101; net. $1,718,from
678. Dividends paid not stated. Frou Jan. 1 to Sept. 30, 1889 (9
000,000; outstanding $90,000. Robert Sewell, N. Y., President.
mobile A Glrard. Owns from Columbus, Oa., to Troy, Ala., 85 mos.), gross earnings were $3,582,569, against $3,519,987 In 1888;
Common stock, $1,137,121; preferred stock, $137,608, and net, $977,515, against $992,660.
miles.
$2,630 Pike Co. stock par, $100. From June I, 1886, road was leased
to the Central of Georgia for 99 years at a guaranteed dividend of Us
Morris A Essex. (See
pof Del. L. <c IT.; Owns from Hoboken, N.
per cent per annum on $670.H56 stock. Of the bonds *200,000 are J-.toPnlllipsbuig, N. J., 85 miles; branch, Denville, N. J., via Morris A
net, Essex Tunnel, to Hoboken, N. J., 34 111.; leases Dover to Chester, 10 m.;
s and $800,000 4b. In 1887-88 gross earnlngb $224,093;
Newark A Bloom. RR., 4 m total operated, 132 miles. In 1868 this road
^96,606.
mobile A Montgomery (See Map Louisville <t Nashville)- was leased in perpetuity to the Del. Lack. A W. RR. The lessees assume
"Owns from Montgomery, Ala., to Mobile, Ala., 180 miles. The stock is all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
$2,950,800, all owned by the Louisville A Nashville RR. Co., which the capital stock, and they also agree to pay 8 per cent in case the
now operates the road. The Louisville A Nashville Co. Has Issued Morris A Essex earns 1 per cent on its stock in any one year after the
2,689,000 bonds secured ou this road, $2,677,000 of whlob, as well as year 1874. The Morris A Essex is important to the Delaware Lackaf2,939,700 stock, are pledged for the collateral trust bonds of that wanna A Western as a route with terminal facilities on New York Harcompany. In year ending June 30, 1888, gross earnings were $l,23u,- bor, but the actual earuiugs ou the road show a large annual deficit for
106; net, $430,2 16 surplus over Interest and taxes. *220,3J0, against the lessee company after the payment of rental. The loss to lessee was
A
;
M
;
;
Feb., 1889, paid 3 p. ct. div. (V. 46, p. 216.)
Ohio. (See Map.) Owns from Mobile, Ala., to Columbia
Tenn. RR.) to Cairo, 21 m;
fly., 472 miles, and extension (by Ken.
C. RR., Cairo to St. Louis, 152 miles, and track to Mill
leases St. L.
stadi. 9 miles; Owns branches Artesia, Miss, to Columbus, Miss., 14 m.;
Artesia, Miss., to Stark ville, Miss., 11 miles Muldon, Miss., to Aberdeen,
Kim.. 9 miles; total owned, 527 miles; total operated, 688 miles. In
Dec. 1885, the lease of the St. Louis <* Cairo RR. (161 miles) was taken
for 45 veara at a rental guaranteed to amount to $165, Ooo per year.
The stock is $10,000,000. Lands June 30, 1889, were 822,t59 acres,
16(5,183.
mobile
A
A
A
in '80. $1,013,418: in '81, $985,890; iu'82.*941.550; in '83, $1,104,218
In '84 about $1,100,000; in '85 and '86 about $900,000. .In 1888
gross earnings of this roail ami the Warren and Pass. A Del. railroads
(a total mileage of 167 mllesj were $5,55 ',9S2; net, $l,8i8,373; deficit
W. under rentals, $1,071,870.
to the D. L.
A
;
valued at $415,891.
In May, 1888, the new 4 per ct nt mortgage for $10.5C 0,000, (trustee
Tarmers L. A Trust Co.) was issued to retiie the old tinking fund
debentures, etc. Until after Sept. 1, 1891, Interest on the bonds may
be paid in scrip, fuLdatle into bom s of same issue, and the March,
1889, ci upon* W< re to paid; Ihe Sept., 18 9, coupon was paid hall ea-h
*nd half sciip. 'linn can bono foreclosure under this mortgage till
four coupons are in default. The sinking fund depends on laud sales.
After letlrement of all the debentures, there was reserved $3,513,000 of
the 4 per cents for the future u=c of the company. On June 30, 18S9,
there remained outstanding $734,500 debentures, for which enough of
"
general mortgage bonds (included in HUiount outstanding" above) was
reserved. See mortgage abstract, V. 47, p. 83.
Fiscal year ends June 30; the preliminary report for 1888-89 was In
W. 49, p. 113, and the later report In V. 49, p. 680.
INl'OMK ACCOUNT.
1885-86.
188t-87.
1887-88.
1888-89.
Miles opera ted
527
663
687
687
Htceipis
Gross earnings
3Iet earnings
Other reoelpts
Total net
$1,962,328 $2,431,381
$506,744
$637,713
40,982
$547,726
$637,713
$2,629,536
$710,392
$2,881,174
$934,7-1
$710,392
$934,781
I,owell. Owns from Lowell, Mass., to Nashua, N. H
1, 1880, a leasefor 99 years to' the Boston A Lowell
1897 lease was transfe rred to Boston A Maine RK. Co.,
a rental of $73,000 (9 per cent on stock) The funded debt or
wliich pays
$300,0o0, principal and Interest, is assumed by the lessee, am) the lessor
IVashna
15 miles.
was made.
A
Ou
Oct.
In
holds the lessee's notes for the
same amount
A
$300,000. (V. 45,
p.
143.)
St. Louis. (See Hap of Louisville*
Nashville Chattanooga
Xashr.) Owns from Chattanooga Tenn.. to Hickman, Ky., 320 miles;
Tenn., to Bhelbyville, Tenn., 8 m.; Jasper Br., to
branches Wartrace,
Inman and Dunlap, 43 m.; Nashv. to Lebanon, 30 111.; McMinnville
Br., 61 in.; Fayetteville aud HuntsvilleBr., 60 m.: Centrevillo Br., 46 m.;
Tracy City Branch, 20 m.; Duck River RR.. 48 m.; Bon Air Br , 7 m.;
West Nashville Br., 3 miles; total operated June 30, 1889, 652 miles.
A majority of the stock ($3,385,000) is owned by the Louisville A
Nashville RR. Company aud pledged among the collaterals for the
trust loan of that company.
Of the consolidated mortgage of 1888 (United States Trust Company,
trustee), 10,8O7,000 bonds were reserved to retire all prior bonds.
From July 1. 18c9, to October 31, 1880, (4 months), gross earnings
were $1. 237,570, against $1,088,568 in 1887 8; net, $510,389, against
$454,813; surplus "over interest, taxes and Improvements, $192,472,
against $188,348.
'Dividends since 1876 have been In 1877, lnper cent; in 1878, 2i;
in 1879. 3. in 1880, 2; in 1881. 3; in 1882, l>s; in 189 i ami 1884, 2; in
1885, nil; in 1886, 1: in 1887, 1; in 1888, 4M; in 1889, 5.
Fiscal y ear ends June 30. The report for 1888-9 was in V. 49, p. 371
:
November,
RAILROAD STOCKS AND BONDS.
1889.]
IO*
Jffaymond
unlet
Sanderson.
d!&U
AUSTIN
^
-?4\
'
Presidio
SantPablo Meoquin
S.Vincente
^8
Tlna
JJoche Baeria-Oj'
La Bab
Piedras
Negrasjf Eagle Pass
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VERA CR
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.I
INVESTORS' SUPPLEMENT.
sudxtIImti will confer a
irreat
favor by giving- Immediate notice ol anr erior discover.
DESCRIPTION.
Miles
Size, or
Par
of
For explanation of column headings, Ac, see notes
Road.
on Hi *t page of tables.
Value.
Mtvada Central -1st M..g., Income (sinking fundi.
c
Newark i* Hudsim 1st mortgage
Newark Somerset it 8trait*v.lt inort., ext. in '89
Dutches* <* Connecticut Income bonds.. r
Ntwburg
JTu Cattle d heaver Valley Stock
.500 Ac.
JTew flart
2d
<t
*1.000
1,000
6
"50
IS
13
13
1st M.,oon ,torf800,000,gu.c*
0*
guaranteed
Derby
niortitnt"-,
Fundtd coupon cei-ttncates
Northamp 8l'k,guar.09vrs.N.Y.N.H.A n.
c*
1st mortgage
Uo'y. & W.. leased. 1st & 2d M i$200,000 gu.).onot drawn o'
l.oasc. sink, fund $15,000 jieryr.
1,000
500 40.
i*47
,
ioo
92
17
JT. Bav.<t
1,000
1.000
1.000
1,000
l.ooo
1,000
o*
"27
Bonds convertible into slock
Mew Jtrsen Junction-\& M., guar, by N.Y'.Cent.cAr
Msw Jersey it New iorh-let "a. (reorganization). c*
r
2d mortgage
"*8
39
Northern Extension
c
titwLondim Aorlhern Stock
2d mortgage
o*
1872
1880
100.
121
1,000
1,000
1881
1877 506"Ac
1885
1,000.
100&o
1874
100
,421
1853 500 .fee.
840 1873
1,000
H
840 1873
1.000
)
mortgage...) *2.000.000 >
1884-9 l.OOOAc
Debenture bonds (ti )e incl. in any new mott.l.cAr
EAJiNDJOS AND EXPENSES.
1886-87.
1385-86.
|
I
1887-88.
1888-89.
834,823
153,874
809,627
2,277,119
213,418
Ac.
1.4J9.468
153,821
725.961
1,894.715
153,572
Total gross earnings. . . .
iotal operating expenses.
2.188,109
1,322,858
2,774,243
1,578,611
3,091,653
1,770,249
3,300,165
1,951,444
865.251
1,195,637
1.321,404
1,348,721
Freight
Mail, express, rente.
Netearnlngs
2,102,1156
INCOME ACCOUNT.
$
Met Receipts
Net earnings
1887-88.
1886-87.
1885-86.
1888-89.
$
$
$
865,251
1,195,637
13,445
1,321,404
1,348,721
865,251
1,209,032
1,321.404
1,348,721
709,834
266,741
4
119,430
760,831
266,741
4
145,015
869,696
333,426
Miscellaneous receipts
Table*.
idmo* Fnnd-
jr.
M.
H.
7
100,000
Whom
\ij ..olo
A
4
A
Newcastle, Penn.
N. Haven, Mecli.
e
2,460,000
1,300,000
260,000
1,200,000
7
1,600,000
l,0i 0,000
5,000,000
500,000
845,000
4,000,000
89,428,300
6,450.000
30,000,000
9,733,333
1 .000.000
6
5
1%
7
I
A5
T
g
-
o*7
S g
-
6g.
1
6
7
8*
1
2,
Nov.
1938
1.
Sept. 1, 1901
1929
1977
1889
1918
May
1900
1900
Oct, 1889
1899
Jan.,
Apr.1'91 A'98
April, 1, 1900
April, 1911
July 1, 1896
Feb. 1, 1986
May 1, 1910
Jan. 1, 1986
Oct. 2, 1889
July, 189*
July, 1910
June
1,
1,
1,
Feb. 1,
Aug. 1,
do
do
A J
A O. N.Hav..N.Tradera's Bk
do
A. A O
do
do
do
A. A O
do
J. A J
do
New York Agency.
F. A A.
M. A N N.Y., Mercantile Tr. Co.
do
do
J. A J.
New ixmdon, Offloe.
Q.-J.
N. Y., B'k of N. America
J. A
do
do
J. A J.
May ,'89, last coup.pald. Nov. 1, 1928
M.AN.
A. A O N. Y., Central Trust Co. Nov. 1, 1916
J. A J
Jan., 1911
J. A J N.Y.Corbln BankiugCo. Jan. 1. 1897
do
A. A O
do
Oct, 1, 1936
M. A N
London. Baring Bros.
May 1, 1904
Q.-J. N.Y., Or. Central Depot. Oct. 15, 1889
do
do
M. A N.
May 1, 1893
do
do
J. A J
Jan. 1, 1903
J. A J
London, Union Bank. Jan. 1, 1903
M. A 8. N.Y.. Or. Centr'l Depot. Sept. 1. 1904
A.
5
5
4
4
New Haven.
do
J.
6
1,650,000
387,500
1,112,000
13,761,800
a."a"o
50o.
do
July
Oct.
Bank
Various
6A7
700,000
700,000
Dividend.
No coupons paid.
-i
N. Y. L. E. A W. RR.
h.
N. N. Y., Union Trust Co.
When earned,
L* <w.
2s
M. A N.
5
22.-i.OO0
Wli'ii dm-.
When When; Payable, and by Slock*- Laet
'
$241,461; net, $13,101; loss to lessee, $65,380. In 1885 an, gross,
$214,291: not. $35,208. tin 1886-87, gross, $183,010; net, $2.5/5: (V.
49, p. 616.)
$
601,820
250,000
800.000
1,104,500
700.000
576,000
1,500.000
1886
1885
68
196
196
14
AU.
150
,
5 g.
?
$750,(KM)
400.000
100.000
100
In the
;inl.
Amou.it
Rate i"-i
Outstanding
Cent
ioo
500 Ac.
1,000
<i
INTEREST OR DIVIDENDS.
f.OlhYC.
isi
c*
Consol. mortgage ($300,000 are 4s)
Newport Hews it Mississippi Valley Stock
c*
Jfew Orleans it Oulf 1st oontol mort gold
Mew Orleans it ttortheattem Prior lien mort....c*
1st mortgage
M.T.Brnoklynit Han.Beach N.Y.A M. B. 1st M..C'
N. Y.B.AM. B., 1st consol. M., gold, guar by L.I..C*
lei M., ster., guar. D.AH. Can.. c*
Jf. T. s Canada
New York Central it Hudson Hirer Stock
eeitlticates (N. Y. Central) ext. 10 y'rs, '83..
Debt
1
N. Y. C. A
J $30,000,000
connon or re J
reK
conpon
Bantings
Passenger
[Vol. xllx.
Newburg Dutchess Ac Connecticut. Owns from Dutchess Juno.
N. Y., to MIlTerton, N. Y., 59 miles. The Dutchess ,v Col. RR. was sold
Aug. 5. 1876, and this company was organized Jan. 8, 1877, by the purchasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s, due In 1907. In year end. Sept. 30, 1887, gross earn, were
$144,726: net, $19,657; surplus over interest. $8,259. In 1887-88,
gross, $175,138; net, $24,877; surplus over fixed clnr.'es. $13,477.
The common stock is $500,000 and preferred stock $587,450; par $50.
John S. Schultze, President, Matteawan, N. Y". (V. 47, p. 626.)
New
A
Beaver Valley. Owns from Homewood, Pa., to
Leased to Pittsb. Ft. W. A Chic. RR. for 99
40 per cent of gi oss earnings, and lease assumed by
Pennsylvania Company. There is no debt, and a cash surplus January,
1889, of about $130,000. lu 1879, 13 per cent dividends were paid in
Castle
New Castle, Pa.,
15 miles.
years at a rental of
;
Total Income
Disbursements
Interest on debt
Dividends
Rate per cent
$
A taxes.
675,096
45,221
Improvements
5
60,903
720,317 1,096,055 1,172,590 1,261,025
Total disbursements.
144,934
113,027
84,696
148,814
Balance, surplus
(V. 47. p. 81, 22", 35. 35?, 173, 594. 775; V. 48, p. 527, 662, 764,
799; V. 49, p. 83, 206, 311, 371, 471, 503, 690.1
Nashville
A
Decatur.
(See
Map
Louisville
d
Nashville.)
Owns
1880, 13 p. c; in 1881, 24 p. c; in 1882, 14 p. c; in 1833, 29 p. c; in
1884, 19 p. c; in 1885, 10 p. c; in 1386 and 1887, 6 p. o. each; in 1388,
10 p. c; in 1839, 10 p. o. Gross earnings in 1837, $253,003: rental received, $103,201. Gross in '38. $237,537; net, $113,115. (V. 46, p. 699.)
New
Haven Be Derby. Owns from New Haven, Conn., to Ansonia,
Conn., 13 miles, and extension to the Housatonlc Kit. at Huntington,
4 miles. In 1889 the road was lsased to the Housatonlc for 99 j crs,
the rental being guaranty of principal and interest of bonds and funded
coupon ten ill utiles, and $9,4uO iter year till 18t<2; $14,100 till 1695; and
18,800 for the balance of 93 years. In 1887-88, gross earuinxs were
f 173,779; net, $69,216; surplus, $31,841. (V. 48, p. 828; V. 49, p. 52.)
New
A
Haven
Northampton. Operated from New Haven,
The road was
to Couway Junotion, Mass.. 95 miles; branches Northampton to
1871, to the Loulsv. A N.ishv. RR. for 30 years from Conn.,
Williamsburg, 7 miles ; A-ariinnaton Conn., to New Hartford,Oonn., 14
July 1, 1872. at a rental of 6 per cent per annum on the stock. The miles ; South Deerfield to Turner's Falls, 10 miles; to Taiiflville, Conn.,
In
lessee assumed all the debt of the Nashville A Decatur Co.
1
leases Holyoko A WestHeld RR,, 10 miles: total, 137 miles.
1887-88 gross earnings. $1,294,300; net. $150,802; surplus over in In mile;
June, 1887, the road was leasee for 99 years to the N. Y. N. II. A 11.
tercst and dlvi lends. $182,123. In year ending June 30, 1887, gross at 1
iter cent on stock till 1890; then 2 till 1893; thee 3 till April,
were $1,239,633; net, $549,196; surplus over Interest, taxes
earnings
In 1886-7, gross income, $825,232; net,
1896, and 4 afterward.
and guar divldt-nds, $265,029.
$121,982; deficit under interest, $115,974. (V. 45, p. 13.)
Nash vl lie Florence 6c Sheffield. (See Hap Lou. it Nash.) -Owns
Jersey Junction. Terminal road through Jersey City, Hofrom Columbia, leuu.. to Florence, Ala.. 79 miles, with bra ch Don
bokeu and Weenawkon, connecting the trunk lines terminating at those
City, Teua , to Piuckney, Tenn., 12 miles, and has trackage. Flo nice
A Char. RR ). 6 milts; total 97 miles. Operated by points; length about 5 miles. Leased for 100 years Irom June 30, '86,
to Sheffield (M>m.
Loulsvide A Nashville, which company guarantees the principal an 1 to the N. Y. Central A H. R. RR. Co., which company guarantees the
la l.y endorsement.
Stock June 30, 1888, $708,585; bonds absolutely and owns the stock ($100,000) of the company. The
interest of the
is also a 4 per oent $50,000 bond.
par $100. Oioss earnings. Jilf 1, 16t8, to Feb. 28, 18t>9, $116,007. mortgage Is for $4,000,000. There
Lo itsvilie, Ky.
Prtsident, M. H. Smith.
York. Owns from Erie Junction, N. J., to
Jersey St.
Owns from Lebanon to Gordo^sville. Haverotraw, N. Y., 34 miles Nanuot to New City, 5 miles operates
KnoxTlIle.
Nashville
30 miles In operation; i.duu'lercojsiruction to Glen Alice on ( In. So, Garnervllle RR., 1 mile; total operated, 40 miles. The present comRR. Stock is $500,000. Trustee of uiottgatre. Mercantile Trust Co, pany was formed on reorganization after foreclosure in April, 1880.
A. L. Crawford, New Castle. Penn.
f New York.
stock outstanding, $1,440,800 common; $787,800 preferred; par $100.
Natchez Jackson it. Columbus. Owns Nttchtz, Miss., to Jack- on' nil of road is with preferred stock and first mortgage bonds till 6
son, Miss., 100 miles, inane standard gu 'ge in 1839. Stock, $2,028,850; per cent dividends have been paid on preferred stock for three years.
par $50 The ab v.- new 6 per eeut mortgage at $12,500 p r mile will ,,ross earnings in 1888, $230,862; exjienses, $166,750 net earnings,
r.tiro all prior In ns and provide for future lequiretuents. In 1889 the $61,131; def. under interest, $11,984. V. L. Lary, Prea't.
sontrol ot the -t" k was sold to New York partbs interested in the
London Northern. Owns from New London, Conn., to
Loulsv. N. O. A Te*. Earn'gs for 1888, gross, *16..,878; net, $44,416.
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
New York Oihc. , 52 WU.lam Street. (V. *8, p. 65 I.)
Khers. This road has been operated since Deo. 1, 1871, under lease to
Niuimuck, Owns from Naugatuck Junction to Wlnsted, Conn.. the Central Vermont Railroad; the lease was for 20 years at $1 50,000
V8 1* miles; leased. Watertown & Waterbury RR., 4^ miles; total oper- uer year, and $15,000 for each additional $100,000 of earnings over
In 1877, 6% per
ated, 61 miles. Leased fur 99 years from April 1, 1887, ..NY N. 11. ,v telO.OOO per year. Dividends since 1876 have been
In year ending Sept. 30.'n7, xross earns, were
. at $206,000 per >*ar.
eeut; from 1878 to 1886, inclusive, 6; In 1887, 6"; in 1888 and 1889, 7.
In 1885-86, gross. $704,336; net, *22 1,522. In year end. Sept. 30, 1889, gross earn'gs were t>6o7,664: net, $199, i47,
net. $246,664.
(725,328;
NeaquehonliiK Valley. Owns from Nesquebonlng Junction. Pa., against .194,067 in 1887-8. Kintal and interest received, $241,187;
10 Tameueud, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Laustoid, paid interest, Ac, $91,000; dividend (7 per cent), $105,500.
i.easro for 999 years to the LePa., 1 mile; total operated, 18 mile*,
Orleans
Gulf. Road from New Or cans south along the
high Coal ANa\lgutionCo. In Sept.. 1884. the lease was uiodined so as t< Mississippi River to Bohemia, with a branch, making 68>s miles lu ail.
5 per cent a year only, and the opiiou to purchase the siook a
pay
De ault was made on coupon due Nov 1, 1889. Capital slock author,
par and Inter, st whs suspended for 20 > ears, with a guarantee of 5 per ized. *30. i.OOO; Issued, $241,300. In year ending Jtm 31, 1-69, sross
cent per annum on stock.
i-.i'iiln.s were $166,596; net, $2,0s2; deficit under interest, $53,217.
Nevada Central. Battle Mountain to Austin, 94 miles. Stock
(V. 40, p. 680.)
|750,00u. Roa.i sold lu foreclosure June 21, 18i7. Reorganizatlor
New Orleans
Northeastern.- (See Hap Cm. AT. 0. * T. P.)
Above bo ids were issued in exehang" for $75o.oooo.d Line of road nnm New Orleans, i.a., to Meridian, Miss., 196 miles. Siook
completed.
lsts. Gross earnings in 1683, $42, i45; not over operating expenses,
This road bo ongs to the so called "Erlanger System,"
Is $5,000,000.
$2,550. (V.45, 1..672, 743.1
and .! ..i20,< 00 of tho stock md $4,90O,00u of the $5,000,000 Hist mortNewark A Hudson. Owns from Ben-en Junction to Newark. gage bonds are held by the Ala. N. O. A Texas Paclnc Junction Co.
N. J., 6 miles. Leased lo New York Liute j.rie & Western at a renia) There are also ear trusts, payable at Farmers' Loan A Trust Co.
Fioiu July 1 to Sept. 30, 1889, (I month.- gross earnings wore
of $17,500 per annum, which pays Interest on bonds. In 1887 gross
$231,741. against $188,930 in 1K88; net, $1" ,000, against $11,000. In
972,238. net, $1J,350. Cortlandt Paiker, President. Newark, N. J.
1-88 gross earnings were $900,340 net, $157,733; deficit under all
Newark Somerset
Straltsvllle. Owns irom Newark, O.,
(Shawnee, O., 44 miles. Road was completed in 1871. Leased to Ball 1- charges in 1838, $190,505. against $225,214 in 1887. (See title of
nore A Ohio (m j. ri>etiuty at B. A O.'s optiot ). which Co. pays 30 iter Alabama New Orleans & Texas Paclnc Junotion.)
Ifllss, Valley. This company was formed
oent of gross earnings, and guitrant.es minimum rental or $56,O00
>.\vp..rt New*
under the laws of Connecticut to lease and operate all the Huntington
(interest on ilein). i.ut lur mi advance to pay this minimum B. A O is
entitled to reimbursement from the receipts of auv subseqi^iit year. lines net ween Newport News, Va and Memphis, Tenu. On Jan. 1., 1889,
SUCX, common. $795,400, and pit f rred, $218,200 (par both, $5i ), the company owned $5,703,700 Cues. Ohio A Southwestern oouimon,
and p3,51 1,600 preferred stock, $I,055,5oO Edzabethtown Lexington &
05,550 o/ th- first end $191. "50 of the latter, beinir own. il by Bat
In le88-39 gioss
O.
earnings were $2:6,150; "net, $37,- Big 8andv RR. stock. $3,000,000 dies. A. Ohio common. $427,191
loss to lessee, $37,762.
In 18b7-b8 gross earnings wert pref. and $146, ITU Cd prof, stock, and $1,590,800 Cues. A Ohio bonds
168;
from Nashvlbe, Tenn., to Decatur, Ala., 119 miles.
leased
May
4,
New
I
New
A
Now
;
;
;
New
:
New
A
A
1
A
;
!
&
,
r
November,
RAILROAD STOCKS AND BONDS.
1889.]
105
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Milos
For explanation of column headings, Ac, see notes
on first page of tables.
W.T.Ohie.it
If.
T.
S I
.
.
<
<t
St.
Louis
1st mort., g..
a. f.,
not d'rn.c*
Greenwood Lake. 1st A 2d M., income
Harlem Com. and pref stock, 8 p. c. N. Y. C
.
.
.
o*
Oonsol. mort., ooup. or reg
T. Lackawanna it Western. Stock, guar., 5 p.ct.
o*
1st mortgage
..o*
2d mort., guar, by Del. Lack. A West
Y.Lake Erie Welt. Stock, common
If.
Preferred stock, not cumulative
N. Y. & E., lit m., Piermont to Dunkirk, *.Y.,ext.
do
2<l mortgage, gold (extended in 1879)
do
3d m., gold (ext. 40 years at 4>s p. ct.)
do
4th m., gold, (ext. in 1880 at 5 p. ct.).
do
5th more, ext. in 1888 at 4 p. c, gold.
Erie R'y, 1st m.. Biffalo Br., HornellST. to Attica
c
Dock Co., 1st mortgage
Long
do
Con M., g.,($7,500,000) red. at 110. e'
o*
Erie R'y 1st consolidated mort., gold, $ A
S. Y. Lake Erie * West, funded coupon bonds
do
do 1st lien M.,s f ,not dro.,bondi>, g.c
c*
do
do 2d con. A fund. cp. bds
do
do income bofcds (non-cum.)
JT.
.
do
do
fd. cp.
bdsgold(red.l05Aint.)..o*
Collateral Trust bonds, gold, s. f. drawn at 110. c*
*
Car trust bonds, ser. C to G, incl. part pd. ann c
N. Y. Car., trust, '88. series A, (guar, by D. A H.)
c*
Newburg AN. Y., 1st mort., ext'.tinl889
g. F. A Massachusetts 1st mort. (for $2,750,000)..
JT.r. <t N. England Stock ($20,000,000 authorized)
Preferred stock, 7per cent cumulative
o*
1st mortgage ($6,000,000 are 7s)
CAr
2d M., part scaled ($4,002,000 are 6s)
o*
Boston Terminal bonds
,
'
. .
106
INVESTORS'
iui... ,ii.. r
will confer
grreat
lumr
I'lWKIFTION.
Mete York New Ilaren d Hartford Htodk. ..
r
1st Mortgage bonds, (for $5.000,00i ')
Harlem A Portehester, leand,lst mort iruar. c.tr
do
do
2d M., ooap. or re/?., guar
ll moil., null
c
B~. T. d Northern
c
2d mort., gold, (income till Dec., 1891)
Mete York thtiario d Watt. Stock ($7,000 Is pref.)
1st M.. gold, for $4,000,000 (redeemable at 110) e
Consul. M. (CIO.OOo .ooii) gold. red at 105 II "J:ieJTie lor* I'enn. d Ohio Prior nen.goid, $ A A...0*
1st mort.. gold (no foreclosure till 1895.) $ A
o*
2d mortgage, incomes. $& A
3d mortgage, Incomes, $ A
o*
o'
3 p. o., cam. (dr'n at 100)
Deferred iDt. warrants, conv. Into 1st M. bonds
New Castle A 8b<'nango Valley, 1st M., Int. guar.
c
Bharon (leased) 1st mort, gold
r. T. Fhil". d Norfolk 1st M.. g.. $16,500 p. m..c*
Income SI., non cumulative. $10,000 per mile., .r
M. Y.Prov. d Boston (Stonlngtonl Stook...
o*
First mortgage. Providence to Btonlngton
c*
1st mortgage (Btonlngton to New I.oimIoid
M.YdRoekavay Head 1st M. g.,enl'eed by L.I.C*
non-cumulative
r
Income bonds,
WY.Siuqneh.it Western lstM.,g.. Mid. of N. J .c
Ex ten., 1 m.. and r't est. gold.c
1st M.. Paterson
First mnrt., refunding, gold (2d M. on 73 miles). o*
New 2d M. ($1,000,0< gold). 3d M. on 73 miles.c
1st M. a... $ or
gu. by So. Pace
Tex it Xex
J.Y.
iagara Bridge <t Oanan'dStk, 6*rent,N. Y. Cent
0*
Norfolk Southern 1st mortgage, gold
s. f .
.
.
,
[Vol. XLIX.
giving Immediate notice of un) error discovered In these Tables.
Miles
For explanation or column headings, Ac, see note*
on first page of tables.
Equip, irus- bonds,
bjr
SUPPLEMENT.
November,
1889.]
EAILEOAD STOCKS AND BONDS.
ior
INVESTORS'
108
SUPPLEMENT.
[Vol.
XL1X.
Suhncrlbera will confer a great favoi by giving Immediate notice of any error discovered In three Tables.
DESCRIPTION.
Date
For explanation of column headings, Ac, see notes of
Road
on first page of tables.
Norfolk South. Con. 2dM.del>,s.U'n prior to lnc.o
o*
2d mortgage. Income (not cumulative)
Ponded Int. bonds ($270,000 secured by ooup's)c*
Wor/olk <t Walern. Common stock
Preferred (6 per cent) stock
Gen. M., Norfolk to Bristol, 408 m.A brs.20 m.g..e
o*
1st M.,gold, on New River division
Improv. A Ext. m., gold, ($8,000,000 author'dj.c*
M., g. (red'ble after Oct. '94 at UOl.c'
Adjustment
1st M. Clinch Valley I)lv.. gold, $19,000 p. m..c*
Equip, b'ds.10 20s, s.f. 3%.drn at 100 aft. May,*98
Oonv'ble debent'res (red'ble on 30 days' notice). o*
Nori'k A Petersb'g 2d M.Nor. to Pet'sb'g. 8 1 m.c
South Side 1st pref. oon.M.($290,000 extendedjo
2d mortgage, gold, Petersburg $270,500 ext'd.c
3d mort., Petersburg to Lynohb'gAbr.,133 m.o
c
Enlarged m. (extended In '84)
4th M Lynehb'g to Bristol A branch, 214 m. c
Consol. mortgage, gold
Jfo.Caro/ in a Stock, 6 % till 1901. Rich. A D
JTorfA Pacific Coast 1st and 2d M. (1st M. sink, fd.)
Wo. Penn.- -8tock, 8 % guar. 990 yrs., Phil. A Read.
74
.
,
2d mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
Wortlteaslern (S. t/.) Stock
1st mortgage, provided for by consol mort.
2d mortgage, provided for by consol mort
554
554
428
126
554
554
105
81
133
133
133
214
214
694
223
76
88
56
e
140
102
102
o
Consol. mort., gold <for$l,836,000)
WortKern ( Col.) 1st M.,lnt.gnar.,($6,300,000),gold.
235 miles.. .0*
Consol. M. for $21,000,000, 1st
149
386
M
,
o
Amount
Bonds Value. Outstanding
1881
$l,ooo
$250,000
1SM1
1.0(H)
300
100
100
1881
1882
1883
1884
1887
1888
1884
1868
1.000
1.000,000
845,000
7.000,000
22,000.000
7.109,000
2,000.000
5,000,000
1,500.000
2,500.000
1,600,000
525,000
18(18
1868
1868
1854
1866
1889
l.(H>(>
1,000
1,000
1,000
1.0(H)
500
1,000
1,000
100 Ac
100 Ac.
1,000
1.000
1,000
100
1881
"50
500 Ac.
1881
r
,
Par
1884
74
.
.
Size, or
of
1869
1869
1883
1877
1888
50
500
500
1,000
1,000
1,000
INTEREST OR DIVIDENDS.
When Where Payable, and
Rate per
Cent.
Payable
6
6
by
A. AOj
i
Yearl.
I
Yearly N.Y., Mercantile Tr. Co
6
"l'
1
*
2*
2*I*-
8
496,000
399,000 5, 6 A 8
326.800 5 g.A 6 g
6
452.800
985.000
5
8
1,000,000
5 g.
4.00(1,1)00
3
1,090,000
4,742,950
1,500.000
4,500,000
1,200,000
900,000
820,000
833,000
694,000
5.156,000
6,286,000
whom.
.
7
7
6
3
8
8
2*'
A
November,
1889.]
RAILROAD STOCKS AND BONDS.
10*
T
no
INVESTORS'
SUPPLEMENT.
[Vol. xi. l x
,
November,
RAILKOAD STOCKS AND BONDS.
1889.]
Ill
Subscriber* will confer a great favor by string Immediate uotlce of
any orror discovered In these Tables.
DESCRIPTION.
Hiiiulx
IVTBRBST OR DIVIDENDS.
Principal, When Dae.
Miles Date Size, or
Amount Rate
For explanation of column headings, Ac., see notes of
of
Par
per When Where Payable, and by
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Whom.
Payable
Northern. N. H. Stock
83
$100 $2,997,300
3
M. A N. Boat.,Couo*dor Leban'n
Northern Central Stock
361
50
3
7,150,000
J. A J. Bait. A Hull. 213 8.4 8t.
1st mortgage, State (Maryland) loan
138
1,500.000
6
Q.-J.
Annapolis.
2d mortgage
e*
138 1865 500 Ao.
1,126.000
6
A. A O Bait.
APU1K, V. Nat. Bk.
Consolidated mortgage, gold
o
138 1868
1,000
2.599.000
A J Baltimore, Treas. O.llce
Consolidated mortgage, gold
i
.
r
138 1868
1.000
205.000
A O
do
do
Cons. gen. M.,g., s.f., drawn at 100, or $ A & B.o
138 1874-5 1.000
2,203,000
A J. London A Baltimore.
6g.
do
do
o
138 1876-7 1,000
gold, $
2,000,000
A J. Baltimore, Treas. Ofiioe.
6g.
do
do
gold, E
e 138
1885
1,000
1,220.000
AO
do
do
4>g
2d gen. M., "A"(s.fd $30,000 yearly)
o*
138 1876
1,000
2,730,000
5
J. A J
do
do
do
do
"B."
138 1876
c*
1,000
1.000.000
5
J. A J.
do
do
Union RR.,lst(as8'di $117,000 end byBaltCity.o*
9 '67-'70 500 Ac.
6
900,000
J. A J.
do
do
do
2d mortgage (assumed)* or 4......C
9 1873
1,000
600,000
6 g. W. A N. N.Y., London A Bait.
North, of S ew Jersey 3 A M.,now 1st (for $700,000io
21 1887 100 Ac
541,000
6
J. A J. J.
Hudson
Stocks
Last
Dividend.
Nov. 1, 1899
J ily 15, 1899
Irreaeemable.
April 1, 1900
July 1, 1909
July 1, 1909
1904
1904
1925
1928
1928
1895
1900
May
Julyl, 1917
July
July
CAP
Northern Pacific Common stock
8,317
Preferred stock (8 p. c, not cumulative)
3,317
1st M. and Id gr., Missouri Div., dr*n. at par..o*Ar
205
1st
M
and
Gen IstM
Id gr., P. d'Or. Div., dr"n at par. .0 *Ar
225
Id gr ,g.,$25,000p.m.,dr.atll0..o*<kr 2,13 d
Gen. 2dM.,g,l.gr.,s.f.,dr. at 110
-o*Ar
AU
Gen. 3d M. s. f.. not drawn g.
e*Ar
All
Dividend certificates, ext'd in '88, red. after '92.
Jas. Ktv. Val. KR. 1st M., gold, guar., s. t
o:
"64
33
Coeurd'Alene, 1st mortgage, gold
Gen. M.. S25.000 p. m, g., gu. s.f ., dr'n a* 105.0'
o*
ioi
Spokane A Palouse, 1st M., gold, guar., s. f
Duluth A Manitoba, 1st M., gold, guar., a, f....e* 110
do
do Dakotaex., IstM., g., guar., s.f
96
Helena A Red Mountain, 1st M., ed., guar., s. f.o*
17
Mo. Pac La Moure A Mo. R., 1st M..g.,guar..s.f.c*
21
No. Pac. A Montana, 1st M.,g.,U..s.f notd'rn oMjr 165
Cent. Wash. RR.. IstM.. g.,gu., s.f.. d'rnl05.e'Ar
62
'
,
f Oonsol mortgage for
frl6l),0i>0,000, gold
1885.
100
1879
1879
1881
1883
1887
1888
1886
1886
1888
1886
1886
1887
1887
1-87
1888
1888
1890
100
500 Ac.
1,010
l.OOO&c
l.OOO&c
1,000
500 Ao
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
l.OOOAo
l.OOOAo
1887.
Mail, express,
g
436,281
2.5P0.S27
174,998
$
685,257
3,405,220
164,317
861,778
3,820,167
217,654
2,771,120
3,252,056
4,254,794
4,899,599
1886.
1887.
1888.
8
&e
Total gross earn's.
$
$
$
INCOME ACCOUNT.
1885.
Receipt*
Net earnings...
Other receipts
1,121,829
1,291,146
34,303
1,771,014
109,497
.
Total Income
1,121,829
1,325.449
1,880,511
2,045,110
Disbursements
s
8
$
1,139,991
1,184,547
1,237,134
55,699
Inter, on bonds. Ao..
Dl vid'nd, 1 on pref
9,239
-(V. 47,
1,
1,
1,
July 1,
June 1,
March 1,
Mav
June
1,
Sept. 1,
Sept. 1,
1936
1937
1937
1937
1938
1938
1886.
1887.
1888.
$
$
5,490,923
2,235,309
254,070
5,474,617
1.911,919
277,348
6.212,026
2,0"3,4S4
251.125
6,203,394
2,109,821
307,628
Total Income
Disbursements
Rentals l's'd lines.Ao.
Interest on debt
Dividends
Rate of dividend
Miscellaneous
2,489,379
2,209,297
2,324,609
2,417,449
442.203
931,272
520,000
8
53,690
446,997
903,041
520,000
460,819
470.708
926,505
571,966
8
79,495
Receipts
1,244,983
1,626,551
635.528 sur. 418,559
snr.
140. 327, 532, 745; V, 48, p. 128, 129, 141,
474, 488, 490, 599; V. 49, p. 145, 403, 616.)
p. 81.
Sept.
Oct.
1919
1919
1921
1933
1937
1907
1938
1918
1938
1936
Gross earnings
Netearnings
Other receipts
8
1,296,551
330,000
Total disburaemts
1.195.690
1,193,786
Balance
def. 73,861 sur. 131,663
1,
Jan. 1,
Deo. 1,
Deo. 1,
Jan. 1,
Jan. 1,
INCOME ACCOUNT.
1885.
7,849
.
Miscellaneous
May
Sept. 1,
410,746, agst. $4,628,897 In 1883: net, $1,448,493, agst. $1,496,321.
The fiscal year ends December 31, and the report lor 1888 was In
the Chronicle, V. 48, p. 290.
1,897.672
147,438
.
Jau."l5,"i690
M.
M.
RR
8
Freight
A N. N. Y, Mills Building,
A S.
do
do
J. A J.
do
do
A. A O
do
do
1% J. A D.
do
do
I'- J. A J.
do
do
J. A J.
do
do
ll: Jf A 8. N.Y., LandASeo Inv.Co.
A. A O. N. x\. Mills Building,
%* M. A N.
do
do
do
6g. J. A J.
do
J. A D.
do
do
M. A 8.
do
do
5 g- J. A D.
do
do
6 g. M. A 8
do
do
M. A 8.
do
do
6
6
1,
1,
1,
1,
1.
1,
1,
okin ValL A Pcttsv. RR., 28 m.; Ettnira A Wmsport
m.; oper, 7
ated at cost Elmlra A Lake Ontario RR., 103 m.; Summit Branoh
RR., 20 m.; track of New York Lake Erie A Western used. 7 miles;
total operated, 384 m. The Penn. RR. owns $3,322,800 of stook.
The 2d general mortgage provides that $30,000 vearly shall be applied to the "purchase and redemption" of series "A" bonds.
Dividends eluoe 1880 have been: In 1881, 5i; in 1882, 6; from 1883
to 189H Inclusive, 8; In 1887, 8 and 10 stock; In 1888, 7; in
8.
From Jan. 1 to 8ept. 30 in 1889 (9 months) gross earnings 1889, 84,were
1888.
.
..
orfefs
1886.
458,445
2,138,120
174,555
Earnings
Passenger
Co. B'k.
City,
49,000.000
37,172,577
2,130.000
2,419,000
46,943,000
20.000.000
11,011,000
915,500
963.0J0
3KO.0O0
627,000
1,557,000
1.650,000
1,451,000
400,000
318,010
4,131,00 J
1,230,000
April
Jan.
Jan.
Jan.
820, 222,
8
902 910
545,946
8
8
Goldsboro to Charlotte, N. C, 223 m.
44,775
48,196
The property was leased Sept. 11, 1871, to the Richmond A Danville
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6
Tot. disbursements. 1,947,165
1,914,813
1,957,872
2,048,672
per oent are paid on the stock, of which the State of North Carolina holds
Balance, surplus...
542,214
294,484
366,737
368,776
8,000,000, and the dividends thus reoeived by the State are applied to
her bonds issued to the North Carolina RR. Rental, Ac, in 1887-88, -(V. 46. p. 826, 739; V. 48, p. 290, 562.)
$276,870 expenses, $24,960; balance, $251,910. Rental, etc, in '86-7,
Northern Pacific (See Map.) Line of Road June 30. 1889,
$274,849; expenses, $24,660; balance, $250,189; dlv's paid, $238,698.
owned: Main line Ashland, Wis., to Portland and Wailula Junction,
Duluth to Nor, Pao. June. (>a interest), 24 m.; oiber
North Pacific Coast (Narrow Gauge), Owns Sanoellto to Oregon, 2,134
Duncans, Cal., 73 miles; branoh to San Rafael, 2 miles; leases San lines, 15 m. Total owned, 2.17J m. Leases and oontrols St. Paul A
Ratael to San Qnentin, 3 miles and Duncan's Mills to Cazadero, 8 miles; N. P., Bralnerd to St. Paul 142 m. St. P. Minn. A Man., St. Paul to Mintotal operated. 86 miles. Stock, $2,500,000; par, $100. In lt88 gross neapolis, 12 m.; C. St. P. M. A O.. superior to W. Superior, 4
SouthNo late eastern Dak. RR., 9 m.; other lines, 15 m. The Northern Pacific also
earnings were $347,460; net, $63,857; interest, $44,940.
Information.
operates t e following roads and guarantees a certain rental, sufficient
to pay interest and sinking funds
North Pennsylvania. Owns from Philadelphia, Pa., to BethleFrom
To
Miles.
hem, Pa. 56 miles branches Jenkint'n to Dela. River, 20 miles Lang- "Little Falls A Dakota
Morris
Little Falls
88
dale to Doylestown, 10 miles; Iron Hill to Shimersvillc, 2 miles; total
No. Pacific F. A. B.
Wadena
Milnor.
117
operated, 88 miles. The Northeast Penn. and the Stony Creek roads are Fargo A Southwestern
La Moure
87
Fargo
operated under contract. In May, 1879,was leased for 990 years to Phil.
Mine'w'k'n
(Jamestown
90
r
...
v
Jamestown A North
A Reading at
p. c. on stock till into 1883, and 8 per cent thereafter.
13
Sykeston
{ Carrington
Sanborn CAT. M
Sanborn
36
Cooperstown
Northeastern (8. C.) Owns from Charleston. 8. C, to Florence,
Cinnabar
53
Livingston
Rocky Mtn. of Mont
B. C, 102 miles
leases jointly, Lane. S. C, to Sumter. 8. C. 38 mile*;
Wickes
Helena A Jefferson Co
20
Prickly Pr. Jo
This company has earned the interest on Its
total operated, 140 miles.
Oakes
Jamestown
64
James River Valley
bonds, with a good surplus. Fiscal year changed; hereafter to end June
Marshall Jc
Genesee
104
Spokane A Palouse
80. Of consol. mortgage $1,142,000 was held to retire debts of prioi
Grand Forks
110
Duluth A Manitoba....
Winnipeg Jc
lien. Stock, $900,000
par, $50. in the year ending Sept. 30, 1887,
"
" Dak. Div
Inter"l Boundary. 07
Grand Forks
gross earnings were $554,253; net, $154,439; adding other receipts,
Rimini
Helena
17
Helena A Red Mountain
ovtr Interest was $54,742 dividend paid (3 per cent) $27,000
surplus
Jo
12
Marysville
in 1887-88 gross, $601,077; net, $160,729; surplus over interest, $63,Calvin
30
Jefferson Jc
div. paid (9 per cent), $81,000. (V. 45, p. 401, 768; V. 47, p; 708.)
291;
Grantsdale
Missoula
50
Drummond
82
Rumsey
Northern of
Jersey. Owns from Bergen, N. J., to Bparkill,
N. Y., 21 miles; leases Bparkill to Nyack, 5 miles; total operated, 26
tCanyon
(Clough House. ....into Jefferson Co. 40
21
La Moure
miles. By contract of April, 1869, it is operated by New York Lake N. P. La Moure AM. R
Edgeley
NW.intoLlno'nCo 62
Erie A Western, at 35 per oent of its gross earnings and five fifty-sixths tCenttal Washington
Cheney ,W.T
.Mullan
39
Old Mission
of the balance. It is understood the contract is terminable by either Ceeurd'AleneR.AN Co
Cosurd'Alene
13
HauserJc
on notice. The stock is $1,000,000; par $100. Dividends are Spokane Falls Aldaho
party
19
Wllk.ACar.
..South Prairie
paid as earned on the rents'; 1 Hs paid July 15, 1889. In 1887-88, rental N. P. A Cascade
Stuck Jo
7
Shore
V. 47, p. 803.)
Ptiyallup Jc
$100,698. (V. 46, p. 255;
N.P.APugetSd.
Grand total owned, leased and controlled June 30, 1839, 3,465 mile*
Northern Railway Co. (California). This Is the title of a con*
The first five roads marked with a star are those covered by the O. T.
solidation May, 1888, of several corporations in California,
including
the original company of the same name. The total length of lines com- trust deed,
t Completed since June 30, 1889.
and projected will be 700 milts: of which 390 were in operapleted
The Northern Pacific A Montana and the Cceur d'Alene Railway A
tion at tie close of 1888. The whole is leased to the Southern Pacific
Company, which will beceme the owner of nearly all the stock, the les- Navigation Co. bonds are issued at $25,000 a mile the James River Valsee paying the Interest, fixed charges, betterments and additions.
ley, the Duluth A Manitoba, and the Northern Paciflo La Moure A
The capital stork of the now company, authorized, is $21,000,000 of Missouri River at $is,000 a mile; the Spokane A Palouse at $16,000 a
which there had been Issued In exchange for old Issues $10,308,800, and mile the Helena A Red Mountain, a round sum all the rest at $20,000
for new lines at the rate of $30,000 per mile $1,800,000, a total of $12.- a mtle. The Northern Paciflo La Moure A Missouri River, the Spokxne
108,800. The consol 5s of 1888, issuel under mortgage for $21, 000,- Falls A Idaho, the Northern Pacific A Cascade, and the Northern Paciflo
A Puget Sound Shore are 5 per cent bonds; all the others are 6 per
000, are a first Her. on 235 miles. (V. 46, p. 650.)
North Carolina. Owns from
;
m
;
m
;
:
;
,
;
H
67
.
,
.
t
i
;
;
;
;
,
New
.
;
;
;
;
Northern, New Hampshire. Owns from Concord, N.H.,to Weft
All these bonds, except the three last named in the tablo and except
Lebanon, N. H., 70 miles; branch, Franklin, N. II., to Bristol, N. H., 13 the N. Paciflo A Montana bonds, may be drawn and redeemed at 105
miles; total, 83 miles; an extension co'itemplated. Operated by Boston (certain amounts per year), under sltiling fund provisions, which In
A Maine under an agreement terminable at one month's notice. In year most cases commence ten years afror the date of issue of the respective
ending Men. 31, 1H89. receipts from rental, etc., $377,007; surplus over bonds. The O. T. bonds are redeem ble at any time on notice.
dividends (6 p. ct.), $14,992. Dividends since 1876 have been: From
An Important operating oontract with Wisconsin Central was made
1877 to 1879,5 p. ct.; from 1880 to 1884 Inclusive, 6; In 1885,13; in May, 1889, giving N. P. a route to Milwaukee and Chicago, with
from 1886 to 1888 Inclusive, 6 yearly. (V. 49, p. 269.)
terminals. (See V. 48, p. 590.)
Northern Central Owns from Baltimore, Md., to Sun bury, P.
139 miles; branch-IIollins to Green Spring June, 9 miles; leases Sham-
'
2,
Organization. This company was chartered by act of Congress July
1864. The land grant was 20 sections per mile in States and 40
119
sii
INVESTORS'
ii
rlber* will confer a great favor by giving-
DE8CRIPTION.
For explanation
of
on
column headings,
page of tables.
Miles
Of
Ao., see notes
Xerthern Pae.Ter.Co 1st M..g. dm aft.'92 atllO.oMartneh a! Worcester Pref. stock. 8 % rental
..0*
1st St.. principal & int. guar, by N.Y. A N.
Cgdetuburij 4 Lake Ohamplain Sinking f 'd bonds
More bonds (called for payment Jan. 1, 1390)...
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
or
118
118
r
VhioIn<t.<t W.-Ind. Bl. A W., 1st M. pref
CAr
O. I. A. W. IstM. ($500,000 are pref. bonds) g...o*
2d mortgage, gold
o*
1st A2clM.,int.oert. drawn at 100
Ohio 4 Mittittippi Stock ($4,030,000 is pref.)
c*
1st general mortgage (for $10,000,000)
1st consolidated mort. ($3,445,000 are s. f.) .... o*
s. f. not dm.. c*
Consolidated mortgage, sterling,
2d cons. mort.,(cnm. sink, fund.), no drawing. .o r
-Spring. Div. (Sp. it 111. 9.E.) 1st M. ( $3,000,000) .c
at 100. o
Equipment Tr., 10 pcrct. drawn
Ohio <* Northwestern 1st mort., $12,000 per mile.
2d mort., $7,000 per mile, tor $1,200,000
Ohio Rxrer 1st mort., gold ($12,000 per uiile....c*
Cien'l H., gold (for $3,000,000), 1st on 40 miles. e
Ohio Southern 1st mort. <$15.000p. in.) gold... .c
2d mort.. Income, inn -cum. ($15,000 p. in.) g...o
Mort., gold (for $2,800,000)
tfhiu Valley, Ky.-i.ien. consol. M. ($20,000 p. m. nc*
Old Colony Stock authorized, $15,000,000
202
342
342
342
623
393
393
393
222
nrh
ioi
103
169
203
132
132
i
$l,o>o
1877
1871
1877
1880
1880
88a
1879
1,1X10
500 Ac.
100 Ao.
1888
188S
1888
500 Ac.
500 4c.
50 Ao.
100
1883
1808
1868
1871
1874
1887
1886
1886
1886
1887
1881
1881
1,000
100
1,000
l.ooo
100 Ac.
18811
108
564
75*7
.
1
.000
200
3,<HX)
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
100
1874
cat
do
Bonds
($2,000,000 F. A A.,Aug.'97) c&r
do
r
Bonds
Bonds for Framlneham A Lowell bonds
o
Bonds not mort. ($750,000 *84, due July. 1904). r
1882
1884
'84--8S
1,000
1,000
1,000
1.000
1.000
turns In Territories. The road opened, 450 miles, to Uisnarck, was foreclosed August 12, 1875, and reorganized Sept. 29, 1875.
Stocks and Bonos. The preferred stock has a preference for 8 per cent
ta each year if earned, but is not cumulative. The oominon stock then
takes 8 per cent, and after that both share alike. The pref. stock claim on
et Income Is subject to expenditures for new equipment. Pref. stock Is
received in payment for company's lands east of Missouri River at par,
and the proceeds of the lands sold go to the retirement of preferred stock.
Dividend of 111 p. ot. was paid on pref. stock in 1883, and In November, 1889, dividend of 1 per cent was declared, payable Jan. 15, 1890,
and a back surplus due to pref. stock was fouiid of $2,844,429. (See
V. 49. p. 654.)
Of the outstanding debt June 30, 1889, $1,366,000 was held by the
trustee of the sinking fund, $1,130,000 being in general 1st mort. bonds.
The general first mortgage bonds are a first lien on the main line and
on the lands, except as to that part subject to the two divisional mortgages and that east of the Missouri River which is subject to the pre
Terred stock. Central Trust Co. of N. Y. Is trustee. The bonds are received
In payment for lands at 110 and Interest, and proceeds of land sold must
be Applied to redemption of these bonds at a price not exceeding 110 and
Interest. Sinking fund of one per cent per annum of the total amount
of bonds issued (the proceeds of land sales being included as part of
the one per cent) began In 1886, and the bonds may be drawn at 110,
Alter 1888 a similar sinking fund began for the 2d mortgage bonds.
The 3d mortgage (see abstract V. 47, p. 22) has an accumulating sicking fund to begin in 1894 equal to 1 % of entire Issue yearly for purchase of bonds at 105 p. c. or for their redemption at maturity, but
ao bonds to be drawn. The proceeds of land sales are applied to
redemption of the divisional bonds of 1879 at par, and In addition each
Issue has a sinking fund of 1 per cent yearly, bonds being drawn at 100.
<8ee abstract of Dul. A Man. Exten. mort.. V. 45, p. 273.)
The plan for an Issue of $160,000,000 blanket moitgage was In the
Chronicle V. 49,p. 373.
Prices of preferred stock since '79 have been: In '80, Z$%'cl}&7 i* In
e; In '82, 66i3>10038; In '83, 49%90Sg; In '84, 37V05758:
81,
in '87, 4138363*4; in '89, 42%
In '85, 36VS653B; In '86,
64 : in '89 to Nov. 22, lncl.. 58>a78'' Common stock: In '80, 20 a:S0
In '81, 32%S51; In '82, 28%543s in '83, 23e53>e; In 84. 14<*27; In
:
64i88
53a66%
.
22313;
1531>*;
;
2034b;
In '86,
in '87,
89 to Nov. 22, lncl , 25fc>363e.
Lands. The land grant of the company was
States and 25,600 acres per mile In territories,
85,
829%;
In '88, 19 7
f1,969,771.
FiRca! year ends June 30. Report for 1888-89 was in V. 49, p. 502,
808, 542, showing the following
1885-86.
1886-87.
1888-fU.
1887-88.
Mileage June 30....
2,808
3,102
3,465
3,337
$
$
Earning*
$
$
Passenger
2,897,218
3,269,703
4.577,898
5,824,163
8,189,614
8,730,547 10,426,244 12,877,838
freight
", express, Ac...
643,695
789,197
842,186
1,005,467
Total
Ket earnings
Per ct exp. to
earn's
11,730,527
6,156,264
12,789,447
7,173,020
15,846,328
9,266,884
19,707,468
12,18u,944
5,574,263
52-48
5,616,427
6,579,444
7,521,524
56 09
58 48
6183
INCOME ACCOUNT.
1885-86.
Fi,
investm'ts, Ao.
Total
Disburtementt
I merest on bonds.
Hen tale
Guarantees
Sinking funds
Miscellaneous
Total
Balance, surplus.
1837-83
$
s
$
5,574,263
315,835
5,610,427
474,306
6,579,444
548,537
7,521,524
532,325
5,890,098
earnings
."
1886-87.
$
Receipt*
Nd
6,090,793
7,127,981
8,053,849
$
.
1888-89.
$
4,339,094
670,748
673,650
55,633
39,774
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
343,309
91,228
5,778,899
111,199
6,025,0.6
65.7J7
0,609,294
518.687
7,572,371
481,478
When Where
Rate per
$3,000,000
2,620,300
400.000
380,000
600,000
2,529,650
999.750
350,000
1,000,000
7,000,000
2,000,000
854,165
24,093,570
3,749,000
6,501,000
112,000
3,471,000
2,009.000
404.000
950,000
517,000
2,000,000
2,380,000
2,100,000
2,100,000
Cent.
Payable, and by
Whom.
j
Payable
6g.
.
7
s*
A.
M.
8
6
6
6
4
pal.When
litoekt Last
Dividend
.... N.Y., Winslow. L. A Co.! Jan. 1 1938
Boston, 2d National Ilk. July 5,1889
8 Boston, N. E. Trust Co. March 1, 1897
Mar. 1, 1890
8.
Boston, Office,
A
A
MA
J. A
AA
AA
J. A
J. A
6
do
do
do
do
J.
J. N.Y.,Corbin B'nk'gCo.;
January, 1^89, last paid.
October, 1888, Ust paid
do
do
O.
J.
O.
O.
July, 1897
April 1, 1920
April,
April,
1920
1920
Jan. 1, 1900
April 1,1938
April 1, 1938
April 1, 1938
A
AD. N. Y., Union Trust Co. June 1, 1932
A J.
do
do
Jan. 1, 1898
7
i.< nili u.
Jan. 1. 1898
6g. J. A J.
A. A O. N. If. Ui.lxu'JiutCo. April 1, 1911
7
M. A N.
do
Nov. 1, 1905
7
6
A. A O. Sf.Y. Kidiicr.rri.l.'jACo Oot. 1, 1897
J. A J.
Jo <lci; u.l.
6
July 1, 1936
A. A O.
5
Nouc rsiO.
April 1, 1926
5 g. J. A D. N.
<i.ua j'JiustCo June 1, 1936
A A O.
(id
do
April 1, 1937
5* J. AD S.l.,ioi),V J ank'gCo June 1, 1921
6g.
June 1, 1921
6g. J. A D
4g. M A N.
May 1, 1921
5 g. J. A J.
July 1, 1936
Jan. 1, 1890
3>
Bum Office.
J. A J.
M. A 8.
March 1, 1894
do
7
189t-6-7
6
Vario
do
Die. 1. 1897
J. A D.
do
4ia
"*'
J.
J.
<"<'
">.
I
.
1.470,000
11,966,800
1,692,000
3,600,000
200.000
498.000
2.750.060
4>a
A.
*
4
J.
V J
do
do
(,
April
1904
1,
1904
A 1938
31 i', 428, 527, 556,590,689,764,
-(V. 48. p. 37. 70, 222.- oj Ii2
800.855; V. 49, Ip. 158, - 5, LOJ , i4),b73, 403, 404, 471, 502, 503,
508,510, 542,654.)
,
,
;
Northern Pacific Terminal Co. Owns terminal facilities on
the Willamette River. Oregon, at Portland, East Portland and Alblna,
comprising lands 270 acres, trackage 24 miles, buildings 39, dock
frontage ,",904 feet. Thev are leased for fifty years from Jan. 1, 1883,
jointly and severally to the Not. Pac. RR., the Oregon Ry. A Nav. Co.
and the Oregon A Cai. RR., with a guaranteed rental sufficient to pay
The sinking fund begins in 1893 and
Interest, sinking fund and taxes.
is to be sufficient to retire the bonds by maturity, hotels being
drawn at 110 and Interest. The stock of $3,000,000 Is own( a by said
three companies (40 per cent 1
by Ore. Railway A Navigation C o., 40 per
cent by Northern Pacific and 20 per cent by Oregon A Califoi nia RE.),
and held by Central Trust Co. of New York, to be delivered ufter payC<
ments to the sinking fund which Is to cancel the bonds.
Norwich & Worcester. Owns from Norwich, Conn., to WorNorwich to Allyn's Point, 7 miles
A New England RR. for 100 years from
branch
cester, Mass., 59 miles
total, 66 miles. Leased to N. Y.
;
;
:
Feb. 1, 1869; rental is 8 per cent on preferred stock. Common stock is
$6,600. In 1886-87 gross receipts, $781,979; net, $293,108; payments for rentals, $40,220; interest, $27,165; surplus over 8 pr cent
dividends, $17,900.
A
Lake Champlaln. Owns from Rouse's Point,
Ogdensburg
N. Y., to Ogdensburg, N. Y., 118 miles. On June 1, 1886, a perpetual
lease of this road was made to the Central 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.
The mort. 6s of 1877 have been called for payment on Jan. 1, 1890.
They, as also the 8s falliDg due Maroh 1, 1890, will be replaced by consols of 1880, which after March 1, 1890, will have a first li n.
In year ending March 31, 1888, gross earnings were $727,512; net,
$235,412; surp. over Int. charge, $15,5 19. Da 1888-9, gross earnings,
$714,954; net, $241,097; surplus over charges, $5,479. (V. 47, p. 188,
664 ; V. 48, p. 222 V. 49, p. 207, 654.)
;
In
12,800 acres per mile in
and the lands earned by
construction to June 30, 1889, were estimated to be about 46,824,960
which about 39,720,011 remained unsold. The lands
ores, of
east of Bismarck (Minn, and Dak. Dlvs.) are pledged to the preferred stuck, and that stock is received in payment therefor. The
general mortgage bonds cover all the other lands, th' divisional mortgagee having prior liens on their respective divisions Lu Feb., 1889, a
contract with the Minnesota A Dakota Land Co. w&s announced, the
Land Co. to purchase' 1,650,000 acres east of Missouri River at $2
per acre and Nor. Pac. stockholders to have privilege of subscribing to
the company's debentures at 95.
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 tor the year, $1,127,129.
From July 1, 1889, to Sept. 30. 1889 (3 months), gross earnings were
6,142,157, against $4,980,151 In 1888; net, $2,722,354, against
Operating expenses
Amount
Par
1883
66
00
.
Bonds (not mortgage)
Size,
of
[Vol. XLJX.
Immediate notice of any error discovered In these Tables.
Bond* PrlnolINTEREST OR DIVIDENDS.
Due.
Road. Hondo Value. Outstanding
first
Bonds
Date
SUPPLEMENT.
Ohio Indiana
A
Western. Owns from Indianapolis, Dad., to
Pekin, 111., 202 miles, and Indianapolis to Springfield, Ohio, 142 miles.
Pekin to Peoria, 9 miles. Total operated, 353 miles. The former
Leases,
Indianapolis Bloomlngton A Western road was sold In foreclosure Oct.
30, 1878, and on Maroh 28, 1887, again sold and reorganized as at
present.
Of the 1st mort bonds for $8,500,000, $500,000 are preferred.
Under both n ortgages were issued "accrued interest certificates" for
overdue coupons of Did. B. A W. Tiustee of both 1st and 2d mortgages
Is the Centra) Trust Co.
(See mortgage abstracts, Chronicle, V. 47. p.
201.) Pref. stock is $3,325,000, 5 per cent, not cumulative. Common
stock. $10,000,000.
The plan of absorption of this road into the C. C. Ch. A St. L. (Big Four)
system provides for $10,000,000 new 4 percent first mortgage bonds,
to be guaranteed, and $4,000,000 4 per cent mort. Income bonds, and
$10,000,000 new common stock, aud the old bonds and stock arc to be
exchanged as per statement In V. 49, p. 616. Suit for foreclosure has
been instituted.
In 1888 gross earnings were $1,495,315; net, $343,096; deficit under
fixed charges, $129,385. (V. 47, p. 142, 147, 188, 201, 383, 594, 803 ;
V. 48, p. 428; V. 49, p. 235, 269, 403, 580, 616.)
A
Ohio
Mississippi. This company owns a direct line from
Cincinnati, Ohio, to East St. Louis, 111.. 338 miles; Louisville branch,
North Vernon to Jefferson vi He, Ind., 53 miles; the Springfield DiviShawneetown, Dl.. 225 miles; New Alsion, Beardstown to
Eastern, Watson to New Albany, Ind., 7 miles; total, 623 miles.
bany
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
8n ri. kmkm of May 25, 1389. and previous Issues. 1 he proposed adjustment wiili holdore of pref. stock would give them $1,000 in a 4 per
cent bond (i^ per cent after 1899) and $1,000 in common stock for
each $1,000 of old pref stock with all accrued claims. It is also proposed to Issue a new general mortgage at 5 per cent.
Of the general mortgage of 1883 $12,251,000 is reserved to exchange
for old bonds as they mature.
Cyrus C, Dines, of Ind., and Union Trust
Co., of N. Y. are mortgage trustees.
Range of stock f
prices since 1882 has beon as follows: Common -in
'83, 2136%; in 84, U>g9257g; in '85, 10H28>e; In '86, 193s3358;
In "87, 21o32s; in '88, 17's26>8; in 'c9, to Nov. 22, lncl., 19%a24V
Pref. in '83, 96112>; in '84. 45 090; in '85. 71*78: in '86. 7991;
in '87, 7593; In '88 ' r)a84; in 1889 to Nov. 22, inol., gSH^O.
From July 1, 1889, to Sept. 30, 1889 (3 mos.) gross earns, were
$1,120,377, against $1,051,378 In 1888; net, $412,2e7. against $322,-
A
.
133
Fiscal year ends
Qro88_earnings_.
Net earnings?
Juno 30 report for 1888-89
INCOME ACCOUNT.
;
1886-87.
1885-86.S
$ 2,597,708 $2,650,430
"$i,074,212^$l,337,953
in V. 49, p. 502.
1888-89.
1837-88.
$2.7 33.417 _$2.935,36 1
$l,244.142l$l,01!),804
November,
1889. J
RAILROAD STOCKS AND BONDS.
113
114
INVESTORS'
SUPPLEMENT.
iVci.
2
IX-
November,
EAILROAD STOCKS AKD BONUS.
lb89.]
115
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings, &c, see notes
on
first
page of
tables.
OUt Colony (Continued)
Bost.Clin.&Fitohb. bonds
c
New Bedford RR. 1st mortgage
c
o
Boat. Clin. F. & N. B. mort. bonds
Omaha Dotl.je City So. 1st M. ($20,000 p. m.).C
o*
Omaha <t St. Louis 1st M.,gold.
Orange Belt lstM.,g.,$5.000p.in..red.art.l89l o*Ar
Oregon <* Cal. 1st M.,g ($30,00 J p.in.Jdr'n at 100.C*
Oregon Pew. 1st M., l.gr., s. f.,g, $25,000 p. m.cVsr
Oregon Railway <t Navigation Stock
1st mort. bonds, gold. sink. fd. (drawn at 100). .c
Consol. mortgage, gold, $25,000 per mile
e&r
Oregon Short Line it Utah Sorthem
Oregon Short Line 1st M., g., Int. guar, by U. P..
Utah Cent., 1st mort., gold, Ogden to Salt Lake.c
Utah So. 1st mort cur
Utah So. mort.. S.Lake to Juab (far $1.950,000). .c
Miles
of
M
I laho Central 1st
Oregondt Trans-Oont.Tr. b'ds,g.,(8.f.dr'n at 105. c*
Notes secured by oollateral, extended In 1888..
Oswego <* Rome 1st M. $325,000 guaranteed
66
58
125
145
153
475
819
819
819
610
36i
105
138
462
466
<
Par
Amount
$500cfec.
1874
1880
18S8
1887
1887
1887
1880
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1879
1885
1,000
1,000
1882
1870
1871
1879
1879
1878
1886
1887
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
497
1882
1,000
28 i
1865
1866
1866
1,600
1,000
1,000
1876
1883
1881
1,000
1,000
1,000
35
"35
88
50
INTEREST OR DIVIDENDS.
When Where Payable, and by
Rate per
Cent.
7
7
m
2,717,000
700,000
14,254,000
(?)
24,000,000
5.371,000
11,343,000
14,931,000
1,000.000
424,000
1,526,000
1,950,000
4,995,000
1,889,000
281,000
00
145,000
9,554,000
4,315,000
350,000
152,000
107,000
1,320,400
438.000
668.000
2,000,000
m
whom.
Payable
& J.
Boston, Office.
& J.
do
& J. Boston, N. E. Trust Co.
M. & N. New York or London.
N. Y., U.S. Trust Co.
J. & J
if J. & J. Coup., July, '88, last pd.
5 g. J. & J. N. Y., South. Paciflo Co.
6g. A. & O. N. Y.,45 Wlll'm Bt.& Lon.
l>s
Q.-J. N. Y. Office, Mills Bldg.
do
ds
J. & J.
do
do
5 g- J. & D.
$238,000
400,000
1,912,000
1,080,<
lnoome mortgage bonds
Convertible bonds, 1.000 years to run
Oswego Syracuse Stock, 9 p. ct. guar., D. L. & W.
Consol. mortgage (gnar. D. L. & W.)
Construction M., guar. prin. &int. (for $1,000,000)
Owensboro < Nashville 1st mortgage, gold
o*
Pacilic Short Line 1st mortgage
Size, or
of
Road. Bonds Value. Outstanding
<
Utah South. Exten., 1st M., Juab to Frisco
o
Utah <fc Nor. 1st mortgage, $12,000 per inile..e*
Cons. M. guar., $15,000 p m., s. f., not dr'n, gc*
Equipment bonds (l-10th payable yearly)
Salt Lake* Western let M.
Date
5
J.
J.
J.
6g.
A
&
&
&
&
&
6 g.
7
7
7
7
A. N. Y. Union Trust Co.
J.
J.
J.
J.
J.
J.
5*
A.
<fe
O.
6
M.
<fc
N.
do
do
do
do
do
do
do
do
do
do
do
do
N.Y.,Un.Tr.Co. & Bost'n
Boston, Co.'s Office.
do
do
6g. M."& N. N.Y.,Farmers'L.& T.Co.
a
7
M.'&N.
7
F.
7
F.
F.
413
7
5
6g.
M.
M.
M.
&
&
&
&
&
&
N. Y., Central Trust Codo
A.
do
A. N. Y. Office, 96 B'dwat
N. Y., Del., L. & W. RR.
A.
.
do
do
N. N.Y.,Farmers.L.4T.Co
8.
N.
New
York.
IlOIKifi
116
INVESTORS'
SUPPLEMENT.
S
- i"i."-L'-_:'".V
t
I
-s-g--
VOL. XLIX.
.....7
NOVEMB!K,
1889.]
RAILROAD STOCKS AND BONDS.
117
118
INVESTORS'
SUPPLEMENT.
rVOL. XL1X.
18b9
Novkmbeb,
KAILKOAD STOCKS AND BONDS.
]
119
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings,
on first page of tables.
Ac., see notes
Date
Size, or
of
Miles
of
Par
Road. Bonds Value.
Panama
48
Stock
e
48
Gen. mort., sterl'g
48
Sinking fund subsidy inort. gold, drawn at 100. o*
15
Paterson * Bud.Sti.., 8 p.c. perp. rent.N.Y.L.E.A W.
2,346
Pennsylvania? Stock
455
A .. coup. int. J. A J.; reg. A.
Ger.. M., $
State lien ($230,000 paid semi-annnallj )
455
Consol. M., s. f. not drawn...
1867
1880
50
50
io
Consol. mort., coupon iut M.A 8., reg. Q. M., gold
Bonds, (P.W. A B. stock as collat.) a. f not dr"n..r
Collateral trust loan, gold, (s. f. *t p.c.) not dr'n.c*
Fenn. Car Trust (in series payable i]oth yearly) .
Equlp.Tr.(ser."A" to"H," payable one-tenth y'rl.v
Un. Rwys Equip.Trustb'dsis. f.5 %) notor'n g.c*
r
Navy Yard bunds (extended 20 years in '81)
1867
1873
1873
1879
1881
1883
571
1881-4
1886-9
.
18S9
1876
3,403
Pennsylvania Company Stock
Bonds, sec. by P.Ft.W.AC. stock (sX.dr'n at lOO.r
Bonds, g., sec. byplVe and guar. (s.f.notdr.).c*&r
Pennsylvania <t New York 1st M., end. by Leh.V c* 105
o*
105
1st mort., endorsed by LeMgh Val
GeDeral M. $10,000,GOOgu..r. pnn. & int. (end.).r 105
73
<t Bost.lt M., g., for ($1,500,000)0*
Fenn. Pough.
Penn. ScAKy/fciWVu/, lBtM.,sink.fd.lp.c. (not dr\.).r 117
<* Atlantic
Pensacola
160
1st m.. gold (s.f. dr'n at 110), guar, by L. A N..C
o"
2d mort. (2d on lands)
Land grant bonds
Peoria <t Bureau Vol. Stk., 8p.ct.rent'lC.R.I.AF.
Evansvilie Stock
1st mort., gold (Peoria Div., Pekin to Mattoon)
1st mortgage (Evansv. Div.), gold.
P. D^A E. 2d mortgage, gold
Car Trusts (payable $43,000 per annum)
Peoria Decatur
it
.
.
.
160
"47
254
110
135
2B 8
1,000
1.000
1.000
.
1877
1881
1866
1866
18S9
189
8.0s,000
9,900.000
3,725,000
,100,000
3,000.000
1,000,000
20,000,000
1,714.000
17.M 0,000
1,500,000
1,500,000
7,000.000
1 ,000,000
6,600,000
1,000
1,000
1,000
1.000
1,000
1,000
100
1880
1880
1886
3,000,000
360.000
1,500,000
8,E80,000
1,287,000
1.470.000
2,088.000
8* .000
1,000
1,000
1,000
1.000
$20,000 per mile. The roads thus mortgaged are shown under Northern
Pac fie. (V. 47, p 626. 630, 715; V. 48, p. 292, 663, 689, 693. 730, 823;
V. 49, p. 236, 301, 616.)
Oswego A Rome. Owns
29 miles.
R
ia.l
opened Jan.
1,
from Richland, N.
Y.. to Oswego, N. Y.
It is leased to the Rome Water-
1886.
town A Ogdensburg RR.; annual rental
1st mortgage bonds and $18,260 In cash;
is
7
total,
Stock
1870 $62,100 are yet outstanding.
Is,
per cent on $325,000
$ll,01o. Ot bonds due
common, $225,000;
pre-
ferred, $75,000; par, $100.
Oswego A Syracuse. -Owns from Oswego, N.Y., to Syracuse, NY.,
Leased in 1868 during length of charter and renewal ihere
Delaware Lack. A West. RR. Co. f >r 9 per cent per year on
85
miles.
of to the
$1,320, too stock and interest on bonds.
(Vol. 46, p. 172.)
Owensboro A Nashville.- Owns from Owensboro, Ky., to AdaiiKy., 84 miles; Mud River Branch. 4 miles. Operated by LouUv
A Nashv. RR., which owns a majority of the stock, and has $1, 150,000
ville.
ot the 1st mortgage bonds in pledge for its collateral trust bonds.
Gross earnings for 1886-87, $204,*63; net, $65,549; dclicit under interGross earnings in 1887 8s, $2t9,327; net,
est and taxes, #1,317.
$103,050; surplus overcharges, $30,664.
Pacini- Snort Line. (See Hap.) The Wyoming Pacific Improve1 0., having a capital stock of $3,000,000, is pushing thin
nteran 1 expects to have a through lii e from Sioux City to Ogden, a
Stlse,
stance ot 960 miles, construe- ed wi hn two years. A contract has
bt en let for the construction of 100 miles we-t from Sioixciiy, to be
completed Oct. 1, and another contract ii.r the construction of 110
miles on the western eid from Ogden 10 th Wyoming line. The road
is be ng uitt under three oorporate titles, viz the Nebraska Ar Western, extending from the Misi-ourl River wesierly 10 the Wyoming line,
8->0 miles; the Wyoming A Eastern, across Wyoming to the Lt h line
460 miles; anil the Suit Lake V alley A Eastern extending into Utah t'
Ogden. liO miles. These several com pauies will eventually be uovged
he line runs north of ihe Unum
into one-the Pacific Shore Llue.
Pacific at an aveiage distance of 100 miles. (V. 48, p. 56.; V. 49, p.
ment
I
,
'.
1,000
1,000
1,000
Bonds Prlnol 9
INTEREST OR DIVIDEND.
pal, When Dne,
When Where Payable, and by Stocks Cemt
Cent.
Whom.
Dividend.
Payable
Rate per
$7,000,000
2,989.000
2,433,000
630,000
106,545,400
19.997,810
1,002,757
27.48i.930
4.998,000
1.000
1.000
1,000
l.iOO
5,000
18b5
1881
18-8
1881
Outstanding
l,0(iO
50
1881-4
.
$100
200
1,000
Amount
925.000
4
7g.
8
"
I
2Vl
6
5
6
A O.
A N.
J. A J.
M.A N.
Various
A. A 0.
A.
M.
Various
5g. Var ous
4
J. A jr.
4
i
e
-
4
6
4kg.
7
7
New York.
A
A
Philadelphia, Office.
Phil. Office;
London.
FhUadi lpnia. Office.
Phil. Offlce:
London.
Philadelphia, Office.
Phil. Peno.i.'o.for Ins
Ao
D. Phil. Provident UATeo
Q'rt rly Phila., Prov. L. A Tr Co
Q-F. Phila., S. Dep. A In. Co.
M. & S
Philadelphia.
J. A J. Phil. ,Pa., Co.. for ins. Ac.
A
4flg. J.
5
N. Y., Office. 15 Broad. July 31, 188*
N.Y., 15 Broad A Lond. Oot. 1, 1897
N. V., Offlce, 16 Broad, Nov. 1, 1910
Pittsburgh, Co.'s Otllee
Phila. Tr. 8. D.
I. Co.
J. N. Y., Nat. City Bank.
A
Q.-J.
A
A D.
A D.
4*5 A. & O.
6g. J. A J.
5
J. & D.
F. A A.
8* F. & A.
6
A. & O.
4
r. a a
"e'g. J. A J
6". M. & 8.
M. & N
J.
J.
J.
Various
B'k N. America.
do
no
Phil Lehigh Valley BR
N.Y., Holland Trust Co
Philadelphia, Penn. RR.
Phila.,
,
July 2. 1889
Nov. 30. 1889
July 1. 1910
July 1, 1890
June 15, 1906
Dec. 1, 1918
July 1,1921
June 1, 19 IS
18-9 to 1894
1889 to 1899
Sept. 1, 1914
Jan. 1, 1901
For 1883
July 5, 1907
July 1, 1921
June, 1, 1896
June
A vull
Jan.
Deo.
1.
1,
1,
1,
1908
1939
1939
1935
N. Y., 50
Exchange PI Aug. 1, 1921
do
do
Feb. I, 1928
do
do
A11.il 1, 1894
N.Y., Chic, R.I. APac.
Aua., 1889
N. Y., Central Tr. Co.
do
do
do
do
do
do
Jan.
1920
1920
1928
1,
Sept. 1,
Nov.
1,
The collateral
trust loan of 1883 is seoured by the deposit of mortgage
Minds of subsidiary lines to the par value of $12,500,000.
The Equipment Trust honls of 1^89 have a sinking fund of 5 ier cent
yearly, and it bonds cannot be bought a-, par the sum is to be invested
in new iquipmeut, to be tu jeot to the Trust.
o"KRation8, KINANCK8. isy. -The total cost to the Pennsylvania Rail
oad Co. of the stocks and bonds of other companies he'd in its treasury
was, up to Dec. 31, 188ts $109,296,039 (par value of the same $14;,6.3.471), most of wliich is represented ou the other side of the balance
iheet by issues of Peuu. Railroad stock and bonds and other debit items;
r,ne balance to credit of " profit and loss" was $19,229,368.
Its gu ,rauleed securities are bougut u > by 'he Penna. RR. Co with
I per cent of the net- in -o ue yearly, and $1,0 19.950 so purchase I were
celd on Jan. 1, 188 '.
The slnkiug fu nl lor oonsols Jan. 1, 8-9. held:
Consois, $1,769,0 0; real estate uiorts
$l,'^47,vi00; cash. *1 10,646.
From Jan. 1 to Sept. 30, 1-80 (9 iuo*,|, gross earnings on lines east of
Piftsonrif and Erie were $44.b6 i<,608, against $43,356,933 in 1838: net,
$14,378,427, against $1 1,396,036 in 1888. Surplus 011 lines west or Pittaburg and Erie. *42i,047 in 18-9, against deficit of $79, 4'! in 1888.
The report for 1888 was in the Chronicle, V. 48, pp. 309, 323, 328.
4 summary of the total business of 1838, compared with previous
years, is shown in the following :
CAKNINGB ON ALL LINKS BOTH EAST AND WEST OF I'lTTSlSDRO & ERIE.
,
1
,
1886.
1887.
188.
Gross earnings
$101,697,981 $115,515,508 $ll',f 09,293
67.102.714
77.23-.082
80,: 37.336
Operating expenses
Net earnings
3j,;71.957
$34,595,267 $38,277,424
The Income account below embraces all receipts and expenses of the
Pennsylvania Railroad proper, but not including the roads west of Pittssury A Erie operated by the Pennsylvania Company. The account for
tee years 18s6. 1887 and 1888 was as follows:
INCOME ACCOUNT OF PENNSYLVANIA RAILROAD COMPANY;
1886
1*87.
1888.
Net income Pern. RR. Division, $8,974,970 $10,411,287 $9,969,662
1 0,501
1 79.(116
2-27.991
Net loss New Jersey Division
llo, 145.)
Panama. Owns from Aspinwall to Panama, 48 miles. Opened
H dance
$7tto,D4 $10,Zl.>,2ue $U.U9,161
From this balance deduot
through Jan. 28. 1855. The subsidy bonds are secured by a pledge of the
um of $225,000 annual subsidy payable to the U. 8. of Colombia by Advances to Penn. Co
$f 67.093
$1,021,000
the company. In June, 1881, most of the stock was sold to pniues Payments to trust fuud
71 121
69,895
78,624
Interested in the De Lessens Panama Canal Co. The report for 1888 was Consol. mortgage redeemed
324.800
324.81
324,800
In hkumci.k, V. 48, p. 489, showing net income of $1,65 1,6 M, annin.-t Allegheny Val. KR. Deficiency
698.390
352,335
100,730
do .
15,000
l,14l,i 15 In 1687, and a ui-pliig over cbaiges of $1,150,543. against. Fred. & Penu. Line RR.
"flO.000
9u.OO0
t 419,902. Dividends since 1876 have been: In 1&77 and 1878, 12 per Am. 88. Co.- To meet int. guar.
90,000
iu 1-79, 13; in 1P80, It:; in 188!,3r20; in 188-', Ixki in :c3, 8 itlcmeut balances trunk line
411.972
167.183
cei.t;
175,i '00
265,000
134; In 18 -t, 16; in 188.5. In; in 183d and lo87, nil; in 11:88, 23. Kor tt e at N. Brunwlck, N. J..
1.241.11 s
E .traordiuary expenses
-(V. 46, p. 479; V. 43, p. 489.)
1,161,547
Paterson A Hudson. Owns from Weehawken. N. J., to Pater$2,542,150
$2 42 ',557 f>,768,198
son.
J., 13 miles. The road was leased In perpetuity in 1852 at a
Balance to credit of income
*ri,2>3,*0i
$7,783,739 *7,o4t>,963
rental of *4h.40O per year, and is operated by the N, Y. Lake Erie A Dividends
(5) 4,. S8,B9S(5>t) .418.70* eT)V37,270
Western ss part of its main line.
and loss
$1,514,912
$2,365,037 $1,713,693
Pennsylvania. iSee Map) Line of Road The Pennsylvania sys To credit of profit
62 .756
93. !72
381.437
tern embraces about 7,581 miles of railroad, including all east and west Deduct settlm'toi claims, Ac.
f Pittsburg.
At the close of 1888 tne mileage operated east ot Puts
*l,:-83,60O tL,o*0,4UI
Balance
$391,156
& Erie, on wnlch earnings as reporteil were based, was divided as Prontand loss Dec. 31
$15,625,349
$17,603,917 $i9 2.-9.369
burg
'
follows: Pennsylvania Division and branches, 1,617; Philadelphia ,v (V. 47, p. 109, -J." 6, 81, 532, 66-1, >-03: V.48. p. 2.2. 3 9.383. 328,
Erie Division, 287; United Railroads of N. J. and branches, 465; total
VII. -km, 413, 123, 4-1. 5-2T, 656, 633, 689 800,855; V. 4, 1. 21,23,
operated. New York to Pittsburg, with branches. 2.370.
H5. 208. 2i9,4o3, 540.)
urbanization, Leases, OC. The charter of the Pennsylvania RailPennsylvania Company. Tne Pennsylvania Company is a oorroad was dated April 13, 1816, for a liue from Harrishurg to Pittsburg.
The llue from Harrislnirg to Philadelphia was under other organizations. poraiiun cnartvreii by the Pennsylvania Legislature. April 7, 1870. dis.
and it operates all the leased lines wet
Including tlie State Railroad, and the Harrtsburg Portsmouth Ml Joy di tinct from the Pennsylvania RR..
Lancaster is still operated under a lease thoMgh forming part of the 111 Pittsbunr. The stock aud $1,500,000 4> 1 or cents are owned by the
Penusylvi nia RR.
main line. Road opened in 1854.
The, iegioi,eied bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
The Pennsylvania Uompauy was organized in 1870 as an auxiliary
The gold bonds of 1921 are secured by a deposit
corporation to coutrol all the lines west of Pittsburg A Erie, the Penn- W. A Chic, special stock.
in trust of the leases 01 the Pitts. Ft. W. A Chic, aud the Cleve. A Pitta.
KK. Co. houLnv all its stock.
sylvania
rnp-nteed by the Penn. RR. Co., the trustees of
btimjk and BONDS. The Pennsylvania Railroad stock has been in- railroads and are also
creased frmii time to time, chietly by the sale of stock at par to stoekh ld- the mort. being Wistur Morris, John P. Green and Henry D. Welsh.
er annum aud in on bond- in sink, fund,
ers. for the punsjse of raising capital for new acquisitions or betterments. Tin sinking fund is 1 p. cl.
Tlie whole number oi miles operated or eoutvolleo by tins
jnuiy is
The dividends paid each year since 1870 have been iu 1871,
account has shown net profits as relaie. toonni-ges:
187Z, ls73aud 1874, 10 per cent each year; In 1875 and 1870.8 per 2 864 The income
$1,09 671: defied, tn
eent eaeh year; in 1877.4; In i87. 2; in 1879. *>v; in 1880, 6 and I deficit in 1881 of #710.220; deficit In i8
of #2ii(i.674; in 1887 necprodU $675,516; iu I088 lo 8 *74,891.
per eent In scrip; in 1881. 8; tn 1882, 8*8: in 1883.81s; h, 1*84. 7; 1886
iu 1885 and in 1886. 5; in 1837. 5*?; in 1*88 aud 1-39 A p. r cent year y.
(V. 47, p. 746)
The prices of the stock yearly in Philadelphia since 1875 1 aye Uceu
Pennsylvania A New York (Canal and Hallway). Owns
In '76, 4,583s; in '77. 'MVwt"; in '78, 2735',; In '79,3238*5138; from w llKesbarie, Pa., to N. Y. L. E. A W. RR. near New York Stu'O
to '80, 48*67 *: in '81. 59"<ia>70V. in'82. 53V65i4; in '83 ^6%a6lHi
Line, 105 miles; branches to mines. Ac. 30 miles; total o ned, 135
In '84, 4-i(61; in '85, 45S**56>s: In '.i6, niasaOo^ in b,\ 53>o>eO
mles; leaHs-8tate Line A Sullivan RR., M-iir.-elou to Bei-ni e. Pa.,
in 18s, 52
24 mien; Wilkesbarie .v .Harvey Lake KK.. Kings, on to tlarvo* Lake,
i*..8b; In 1-89 to. Nov. z2, uwkbtlve, SO^aSH.
Tin. company owi.s217.819 sharusoi the Phila. W1IU1..V Bait RR., and 12 woes; oilier lines, 9 nine-; tot..l lca-ed. 45 miles; tmal opeiared,
the 4 per cent bonds of 1 21
niirebased yemly. if obtainable at not 180 niles. Operated 111 oounectlor with tlie Lehigh Valley KK. as a
over oar, wtth the surnlus oroceeds of I'll, w 4 .. divi ten 1-.
northern outlet, and iu 18-8 was letaoil to it fur 99 .tears. Common
and pref. stock. 10 per lent cum .laiive,
Inteie^t on general mort. 6s of 1867 Is pavable on co mou lionds Jan stocA $1,061,700 (p'ir $5
1 ai.d July 1: on .I'liinti-re
bold-, April i ano October 1. Interest on $1,000,000 (pir $loti). b nil oivin-d by Lehigh \alei KK. 7 per cent
eon ol. 6s of 1873 Is payable 0.1 e nipou d.illar bouds on Junj i5 and mvideud p. 1 iou (irel. slock Jan., '89. Tne gen. mort. of 138* (iruiiee,
Inc.
un coupon sterling bend", Jan. 1 and July 1; 011 reglsrertd Gic >r Life la-*. Co.) was -sued to retire the pre f. stock, wits arrcaraifea,
bonds q iarteriy visren 15. en-., (merest o.t coiii-ay. 5s of 187:* is pay aud the other bonds wheu due. Iu ye ir ending Nov. 8o, S3, ro88 earnIn un coupou !> uiU March 1 and Sept. 1; on le&lslertd bonds, o, mr ings were $.1,952,548; net over rentals, $844,626. (V. 48, p. 98, 292; V.
1
1
.
,
:
1
V
.
1
1
;
1
m
)
I
1.-',.
terly,
M.rou
I
1, etc.
49, p. 373.)
i
IS
INVESTORS'
SUPPLEMENT.
[Vol.
XLiX.
November,
1889.
RAILROAD STOCKS AND BONDS.
J
131
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds Prlnol
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles
Date
of
of
Tor explanation of column headings, Ac, see notes
on first page of tables.
Road. Bonds
c
Peoria Pekin Union 1st mortgage, gold
o
Second mortgage, gold (issued lor incomes)
1st M., ser.l(lstl'n), gu. by P.A K.,e.o*
Perkiomen
1st M., ser. 2 (2dl'n), g.,guar. by P.& R.(end.) .o*
it
Petersburg Stock
Guar. pref. stock, 3 per cent., lien prior to mortg
1st mort. (payable $25,000, due yearly Jan.l)cAr
Mort bonds, class A, $251,000 reserved for 1st
Mortgage bonds, class B
Philadelphia it Bait. Oen tral Stock
Gen. M.for $2,500,000 ($1,100,000 res'd for IstM.)
Wostcliester A Phila., 1st mortgage
c*
Phila. it Erie Stock, $2,400,000. is pref. special.
1st mort., SunburyA E. (exte'd 20 y'rs in '77)..o Ar
M
.
. .
Gen.M.,g.,guarbyPa. BR.($5,263,000g. 5s)..cfcr
do
do
r
Phil. Germ. <* Chestnut Hill 1st M., gu. by Pa. RR. r
PMl. Germ. <t Norrist'ntjtk. 12 % rent.,Ph. AR. RR.
Philadelphia Newtown <* New York Stock
1st mort., guar, by Phila. A Read., coup
Philadelphia Reading Stock
Mortgage loan, sterling, coupon
do
dollars, coupon
do
convertible, ooupon
Mortgage loans, coupon
.
<
Oonsol. mort. ($8,162,000 are gold 6s) cp. or reg.
Impr't M., g., s.f. dr'n at 100. See V. 43, p. 260.C
Consol. M, of '82 stamped (payable at notice).. c"
..o*&r
New gen. mort., gold ($100,000,000)
c"
1st pref. income M., not cum. ($24.400,000/
2d pref. income
not-oum. ($22,500,000). ...c*
3d pref. inc. M., not-cum. ($6,631,301 convert.)c*
Deferred income bonds (coming after stock,)
M
20
20
38
38
61
"59
59
59
79
79
27
287
40
287
287
7
29
21
21
941
or
Par
Value.
1881 $1,000
1881
1,000
1887 100. Ac,
1889
1,000
100
100
1869 500 Ac
1881
1881
50
1881
1,000
1871 100 Ac.
50
1857
1,000
1869
1,000
1869
1,000
1883
1,000
50
50
1877 100 Ac
50
*500
1843
1843-9
327
327
327
327
Size,
1,000
1857 500 Ac.
1868
1,000
1871 200 Ac.
1873
1,000
1882 500 Ac.
1888 l.OOOAc
1*88
1,000
1888
1,000
18S8
1,000
Amount
Outstanding
Rate per
Cent.
When Where
Payable
pal.When Due.
Payable, and by
Whom.
Co
$1,495,000
6g. Q.-F.
4 >ag, M. A N
do
do
1,499,000
800,000
Q.-J. Phil., Penn.Co.Ins.on L.
do
do
1,450,000
g
<4-J.
l
960,800
J. A J,
l^e
323,500
J. A J, Rieh'nd & Petersb'g.Va,
8
251,000
5
J. A J,
do
do
643,000
6
A. & O.
do
do
800,000
2,495.650
"&'
M.AN. Phlla., Penn. RR Co.
1,000,000
A. A O
7
do
do
1,100,000
10,375,000
"T A.AO, Philadelphia, Pa. BR.
976,000
13,943,000 5g.A6g. Various Phil.. Pa. RR. & London.
4,555,000
4g. A. A O. Phila .Penn. BR. Co.
M. A N. Phlla., Penn. BB.Office.
4ia
1,000,000
3
2,231,900
Q. M. Phila., Treasurer of Co.
1,200,000
A.AO. Phlla.,Phil. & Read. RR
"If*
700,000
39,480,362
"e"
J. A
London.
967,200
J. A
6
1,499,500
Phila.,Omoe,227 So.4th.
J. &
6
do
do
79,000
7
A. A
do
do
2,700.000
do
do
18,811,000 6 g. or 7 J. A
6 g. A. A
do
do
9,364.000
do
do
5,768,452
g M. A
5
J. A
do
do
33,186,214
1st coup. 7>a% pd. in'89
23,941,247
g Feb.
2
do
do
16,165,853
5g. Feb.
1st coup. 2*a%pd. in '89
18,575,639
8 Feb.
I
7.670,427
N. Y., Central Trust
-
-
-
'
Last
Dividend.
Stocks
Feb.
1,
1921
Feb. 1, 1921
Jan. 1, 1918
Jan. 1, 1918
Jan. 1, 1889
July
3,
1889
Jan., 1890-'98
July
Oct.
1,
1.
None
Nov.
1926
1926
paid.
1,
1911
April 1, 1891
Oct. 1. 1897
1920
1920
1913
May
Dec, 1889
July
July
1,
1,
1.
Oct.
1,
1897
July, 1910
July, 1910
July, 1920
Oot. 1. 1893
June
Oct.
May
Jan.
Jan.
JaD.
Jan.
1911
1897
1922
1, 1958
1, 1958
1, 1958
1, 1958
1,
1,
1,
Irredeemable
Philadelphia Germantown Ac Chestnut Hill. In PhiladelPennsylvania Pouglikeepsie Ac Boston (See Map.) Owns
Slatington, Pa., on the Lehigh Valley RR., to Pine Island, N. Y., on the phia from Germantown June, on Connecting Railway, to Chestnut Hill,
N. Y. L. E. A W (about 80 miles), connection to be made by the latter 7 miles. From May 1, 1883, leased for 30 years to the Pennsylvania
,
road with the Pouglikeepsie Bridgj Couipleted in Nov., 1989. Track RR. Co., which guarantees 4>a per cent on the bonds. Rental net earnto be completed in 1889. This is the eld Slatington A New Eng., sold in ings. There is a sinking fund of $10,000; bonds purchased, not drawn, at
foreclosure April 20, 1887, and purchased by parties interested in the par. Penn. RB. owns $999,750 of the $1,000,000 stock (par $50). Gross
Pougnkef psie bridge. Trustee of the mortgage Is the Holland Trust Co. earnings in 1888, $198,564; net over expenses and taxes, $52,818,
Stock, $1,750,000; par $50. President. Gen. J. W~. Husted. of PeekskiU, against $25,161 in 1987.
N. Y. See Chronicle, V. 48. p. 38. 100, 761; V. 49, p. 178, 333, 616.)
Philadelphia Germantown Ac Norrlstown. Philadelphia,
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; PlyPennsylvania Schuylkill Valley. Owns from Philadelphia to mouth Bailroad, 9 miles; total, 29 miles. The property was leased
New Boston, Pa., 101 mites, and Frazer to Phcenixville, 11 miles; Vov. 10, '70, to Philadelphia A Reading RR. for 999 years at a rental of
branches, 7 miles; total. 119 miles. This Is controlled by the Pennsyl$269,623 and $8,000 yearly for organization expenses. Divi tends of 12
vania RR. Co., which leases it for 50 years from Dec, 1885. The bonds' per cent per annum are paid regularly. Stock $2,246,000 par, $50.
and stock are owned by the Pennsylvania RR. Gross earnings in 1887s
Philadelphia Newtown Ac New York. Owns from Erie Ave.
$938,865; net over expenses and taxes, $153,916; rental, $91,120. Gros>.
to Newtown, Pa., 21 miles. Stock, $1,200,000 (par $50)
in 1888, $1,358,269; net, $434,883; surplus over fixed charges, $64,965. Philadelphia,
The bonds were guaranteed by the Philadelphia A Reading R R Co. The
Pensacola Ac Atlantic Peusacola, Fla., to River Junction. Fla n >ad Is operated by its owners and in connection with the P. A R. Three
160 miles. Operated by Louis. * Nash. Stock, $3,000,000 (par $100), suits for sums aggregating $513,000 have been brought by the P. A R.
$1,550,000 or wliioh, and $1,000,000 1st mort. bonds, are pledged under (See 48. p. 222.) in year ending Nov. 30. 188. gross earnings were
Louisville A Nashville collateral trust of 1882. Besides these securities $93,185; deficit under operating expenses, $11,471 (V. 48, p. 222.)
that company holds $160,000 lsts and all the 2ds and land grant
Philadelphia Ac Reading. Line of Road Owns main
bonds. 1 1-10 per cent r-f 1st mortgage bonds
ay be drawn an"ually line Philadelphia to Mount Carbon, Pa., 98 miles branches owned,
at 110. Land granted by the S lace of Florida is about 3,255,000 (swamp 229 miles; leased lines, 016 miles; roads controlled, 212 miles: total operlam is), and 633,000 acres from United 8tates. In year ending June 30, ated November, 1888, 1,055 miles.
1888, gross earnings were $325,338; loss, $15,549; total delioit for year
Organization, Leases, Ac The Philadelphia A Reading Company
under Interest, Ac, $239,519, against $256,772 in 1886-87.
was chartered April 4, 1833, and on May 13, 1872, the Mount Carbon
Peoria Ac Bureau Valley. Owns from Bureau Junction to Peo Railroad was merged and became part of the main line The Philaria. 111., 47 miles. The road was leased in perpetuity April 14, 1854, to delphia A Reading Co. leases a number of roads in Pennsylvania; also.
the Chicago A Rock Island Railroad at a rental of $1 25,000 per annum. the North Pennsylvania RR. and Delaware A Bound Brook, forming the
line from
to New York, and controls Beading A Columbia.
Peoria Decatur Ac JEvansville. (See Map Evansvtlle it Terre The fiscalPhiladelphia
year ends Nov. 30. The annual election is held early in Jan.
235 miles; branch 6
Haute). Owns from Pekin to K vans vi lie
The Philadelphia A Beading Coal A Iron Company is a corporation
miles; leases, Pekin, 111., to Peoria, 111., 10 miles; through Decatur. formed (Dec. 12, 1871) for the purpooe of owning and working the ex3 miles; total, 254 miles. This road Is a consolidation of the tensive coal properties of this company. The Phila. A Read.RR. Co. owns
Pekin Lincoln ik Decatur RB. and the Deeatur Mattoon A So. and the all the stock ($8,000,000) of the Coal A Iron Company, and in all had
Grayville A Mattoon. The road is operated in harmony with the Evansv. invested In it Nov. 30, 1888 (as per balance sheet), $72,615,374 over
A Terre Haute. Fiscal year now ends June 30. Last report in V. 49, liabilities. It also hell Nov. 30, 1898, other stooks and bonds appraised
Gross earnings in 18 months ending June 30, 1889, were at $14,734,744, besides $1,351,777 deposited with trustees.
p. 614.
$1,044,520; net, $343,298; interest on bonds, $404,730: other interest,
In May, 1880, receivers were appointed and held possession till Vay,
$23,624; car trusts redeemed, $63,250; rentals, $42,750; deficit, 1883. (n June. 1884, the company again went into receivers' bands,
$191,056. (V. 45, p. 26; V. 46, p. 351; V. 49, p. 614.)
and so remained till January, 1888.
In Feb., '86, the Drexel-Morgan syndicate was formed, and the plan of
Peoria Ac Pekin Union. Owns from Pekin to Peoria, 10 miles
on each side of 111. Biver total operated, 20 miles. The road is a union reor -unlzation was published at length, as modified, in the Chronicle of
Deo. 18. '86, on p. 747 (V. 43, p. 747). Nearly all holders of securities
road, and the stock of $1,000,000 was taken by the different Peoria assented to the
reorganization scheme, except that the holders of
BB. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. Beceipts in $5,768,722 first series consolidated lives declined to deposit, but agreed
bonds at par at any time.
1888. $412,433; net, $176,110; surplus over interest and charges, to accept payment of their
The P.
Blilroad Terminal ComDany with $3,500,000 bonds aud
$11,355. A. L. Hopkins, Pres't, N. Y.
$3,500,000 stock was organized as per statement in V. 46, p. 413.
Under the reorganization agreement the right to vote on stook is vested
Perkiomen. Owns from Perkiomen Junction, Pa., to Emaus
Stock subscription, $38,040.
Junction, 39 miles.
Reorganized in in five trustees till Aug. 1, '9^; these are J.Lowber Welsh. J. Pierpont MorThere was due Philadelphia & Reading RR. November 30, gan, John Wanamaker, Austin Corbin, and George de B. Keim.
1887.
'88, on loan acc't, $781,120; on current aoo'r, $148,830. In year ending
Stock and Bonds. The dividends paid on Philadelphia A ReadNov. 30, '88. gross earnings were $198,759: net $54,687; deficit under ing stock from 1870 to 1875, inclusive, were 10 per cent each year; in
interest. $40,785. (V. 45, p. S3, 473, 705; V. 47, p. 81.1
1876 2 1* per cent was paid and nothing since.
The general, and first, second and third preference income mortPetersburg. -Owns Petersburg, Va., to Gaiysburg, N. C, 59 miles;
rents Garysburg to Weldon (Seab. A Roanoke), 2 miles; total. 61 miles. gages (Trustee of all Penn. Co. for Ins. on Lives, etc, of PhiladelRe-organized in 1877 without foreclosure. From Oct 1, 1888, to Sept. phia) eoverlo addition to the 3 27 miles of ro id o>vned,the title to leased
30, 1889 (12 mo .ths), gross earnings were 0455,225, against $410,103 fines (mostly leased for 999 years), all real estate, rolling stock and
in 188788; net. $129,496 against $138,123. In year ending September vessels of the Company, $9,000,000 P. A R. Coal A Iron Co. stock, as
30, 1898, cross earniugB were $410,103; net, $138,122; surplus well aB the real estate of that Company, and subject to a mortgage to
over interest and guaranteed dividend, $26,907; dividend No. 2 P. A R. BR Co. dated July I, 1874, stosk in other coal and !rm comon common stock (2 per cent), $19,216; bonds redeemed, $25,000. panies amounting to $7,448,975. An abstract of the general mortgage
In year ending hept. 30, '87, gross ea nings were $351,889; net, $122,- was in the Chronicle.V 46, p. 679, and of the preference income mort096; surplus over Interest and guar, dividends on pref stock, $7,8 1 7
gages in V. 47, p. 141 and 112.
The 1st and 2 i pref. inooxes received 7 ! per cent on Feb. 1, 1889,
dividend No. 1 on common stock (3 per cent), $28,824. -(V. 47, p. 626.)
and the 3d pref. only 2*a per cent, but the holdors of the latter appealed
to West- to the trustees for a statement of inoome, showing what was properly
Ac Baltimore Central.
Philadelphia
Philadelphia
chester. 26 miles; Westchester Junction to Octoraro Md., 46 miles; due them; the expert who examined the books reported that 7^ p. e. had
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. Of been earned, and a sui was be-'un.
Net earns, are defined in the ino.
the tCOek Philadelphia Wilmington A Baltimore RR. holds nearly all mort's as the profits of the BB. Co. for each fiscal year ending Nov.
In 30, derived from all soirees, after paying operat'g expenses, taxe 4, and
and operates the road, paying over net earnings as rental.
deUcit mi ler charges, $3,791.
1887-80, net earnings, $1 19,171
existing rentals, guarantees, and int. charges (but not fixed charge* of
after deducting expenses
Philadelphia Ac Eric. Owns from Sunbnry to Erie, 287 miles. the same sort subsequently cioated); also,said
property and premises,
& Erie RR. It Is leased to Pennsylvania Railr.iad of "renewing, replacing and repairing its
Formerly Bunoury
lot 999 years, and actual net receipts arc paid as rental. The general including such reasonable improvements thereof and additions thereto
anteed by the Pennsylvania Railroad and the interest as shall bo necessary ror the safe, proper and economical operation of
mortga
on the 6s is paid J A .1.. on the 5 per cents A. A O. The four per cents the same." (V. 47, p. 256.)
The range of P. A B. stock yearlyin Philadelphia since '75 (shares $50
were sued In II
to retire tin- debentures and refund $3,000,000 7s
The Pennsylvania Railroad Company owned Dec. 31, par). has been in 1876, 18*8*55; in 1877, 1020Li; in 1878, lisga
falling due.
1888. $3,501,800 common and $2,400,000 preferred stock and $5,795,- 19%; in 1879. llia*378; in 1880,6^336; in 1881, 25337i4: in
000 general mortgage Bonds, and the city of Philadelphia (sinking fund) 1882, 23a33!>8;ln 1883, 23ia30>a; in 1884, 8>aa30i4; in 1885. 63g
1278 in '8,9ra27: in "87. 17 14a)35''8; in '98, to Aug. 10iucl.,25 T8 a34%;
82,250,000 common Btoi k.
From January 1 to Bept. 30. 1989 (9 months), gross earnings were new stock. Aug. 11 to Dec. 31 InoL, 22>4a>27>4; In 1899 to Nov. 22, inIn 1888; net, $1,352,734, against clusive, 19%3'25.
83.415,020, against $3,262,518
Opkrations, Finances, Ac In 1896 87 while the oompany was in
$1,330.1 >e.
In the
Tlie report for 1889 in Chronicle, V. 48, p. 290. showed gross earn- receiver's hands, the net earnings were the largest ever made.
ings $4 373,042: ret, $1,655,850; surplus over all charges, $143,270. first two months of the tlsoal year 1987-38 the strike prevailed, and
earnings were greatly reduced.
V. 48, p. 100, 298.)
-(V. 46, p. 134, 226 371;
;
;
AR
.
;
.
;
i
1
;
.
199
SUPPLEMENT.
INVESTORS'
Sub.-rlber will
rofr
[Vou XLIX.
a great fa Tor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
Data
Sonde
INTEREST OR DIVIDENDS.
Size, or
Princi-
pal, When
Due,
$200,000
102.000
120,000
y'ly.
Amount Rate
For explanation of column headings, Ac, see notes Of
of
Par
per When Where Payable, and by Slocks Last
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Whom.
Dividend.
Payable
<* Reading
(Con.) Car Tr. Cert.. 8er. "A".
do
do
do "B"
do
do
do "C"
Mortgages on real estate
P. A K. Coal & I., purchase money A real est. M
Phila. rf Trenton Stock, 10 p.c rental, Penn. RR.
Philadelphia Wilmington < Baltimore Stock
Plain bonds
..r
Plain bonds
Plain bonds, s. fd. 16,000 yearly, not drawn,
s. fd. $20,000 yearly, not drawn
do
do
Piedmont it Cumberland 1st mort.. gold
c*
Pine Creek. let mort., guar., prin. and int
r
PUt*. C. ttSt.L. 1st eonsol. mort
o*r.
2d eonsol. mortgage, held by Penn. RR
c
lit mort., Steub. A Ind., extend. In 1884
r
Col. A Newark Division 1st mortgage
c
o
Holliday 'a Cove RR. 1 st mortgage
Pittsb. Olere. <* Toledo- 1st M., gold, Int. guar. B. AO.
Pittsb. A ConnellsvUte.
1st mortgage
18-3
1884
Fhila
;
72- 84
.
.
Consul, mort., guar. B.
A O.
(s. f.
39
506
1887
1872-1
.
.
7,200 pr. yr.).
.
2d eonsol. inortg., gold (pledged for B.<fc O. bonds)
Pittsb. Ft. Wayne < Okie. Stock, 7 p. ct., guar. Pa.Co.
Guaranteed special Improvement stock
1st mort. (series A to F) > niv *,.*
* C
2d do series G to M J 81 2^1" nd cum drawn
c t\
3d mortgage
S
\
.
29
75
19M
199
125
33
1
78
149
149
149
470
470
468
468
468
1875
1880
1887
1886
1883
1.868
1878
1864
1864
1863
1882
1868
1876
1885
0*
8
1871
1862
1862
1862
1882
c
71
71
71
1878
1889
'
Pittsburg Junction 1st M., gold
Pitteburg <t Lake Brie Stock
1st mort., gold, coup
2dM. f e r$2,C00,000, (Series A) gold
....
1887
BOO AC
100
50
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
*
The annual oharges coming before dividends on stock would be as fol"
lows, unless reduced somewhat by final adjustment of debt since 1888:
Rentals and interest both companies
Annual payments for oar trusts
"23,941,247 of first preference bonds -a 5 per cent
16,165,853 of second preference bonds a 5 percent...
5 per cent
18,575,639 of third preference bonds
$8,234,000
422,000
1,197,000
808,000
928,000
Total of all charges preceding stock
$11,589,000
From Dec. 1, 1888, to Sent. 30, 1889 OOTmonths), net earnings of
Railroad Co. only were $6,450,777, against $7,158,408 in 1887-88.
The fiscal year ends Nov. 30; the report for 1887-8, in V. 48, p. 97,
ahowed theiollowing:
1885-86.
1886-87.
1887-88.
Net earnings RR. Co
$8,482,657
$10,981,572
$9,649,339
Net earnings C. * I. Co...Df. 1,147,055 Pr. 1,448,482
Pr. 28,652
Total net both
Interest
Interest
RR.Co
Coa 1A Iron Co.
.
Total deductions
Balance, both Co.'s
$7,335,602
$12,430,054
$9,677,990
$3,620,939
6,222,863
984,684
$3,300,383
5,478,132
794,272
$2,882,582
4,516,433
834,872
$10,828,486
Co.'s...
Deduct
Rentals RR. Co
$9,572,787
$8,233,887
Def. $3,492,884 8ur.$2,857,267 8ur.$1.444,103
The following tat le shows traffic and joint earnings for eight years
excluding the business under Central RR. of New Jersey lease
:
TRAFFIC AND EARNINGS OP RAILROAD AND COAL * IRON COMPANIES.
Coal carried
Coal from
M'vchandise landtofC.it Cross re- Net e'mings
(tons of
2240 lbs.), carried one I. Co., tons ceipts both of both comone mile.
mile.
2240 lbs.
companies.
panies.
--
1881..
1882..
1883..
1884..
1885..
1886..
583,689 725, 303,460,473
628,975 ,470' 327,347,373
713,984 ,492 305,871,807
588,980 ,525 319,279.871
665,018 573 359,526,194
727,179 ,462 398,862,487
1887... 835,308 697 444,614,4234
1888.. 848,257 ,474 435,904,463]
5,422,600 $35,286,463 $10,051,888
5,624,789 37,300,162 10,647,770
6,074,131 40,045,615 11,855,181
5,672,684 37,009.753
8,950,554
6,040,178 34,343,501
7,926,304
6,20i,202 35,683,096
7,335,603
6,901,497 41,188,737 12,430,054
6,732,486 39,638,990
9,677,988
(V. 47, p. 22, 81, 109, 141. 142, 161, 256, 278, 287, 382, 499, 532, 664;
V. 48. p. 68, 98, 159, 190, 260, 428, 481, 527, 556, 829
V. 49, p. 23,
563, 690.)
A; Trenton.
Owns from Kensington, Pa., to MorPhiladelphia
rtsville, Pa., 26 miles and Tioga Branch, 1 mile; leases Trenton Bridge
Connecting RaL'road, 7 miles, and Frankford 4 Holmesburg Railroad, 4
miles; total owned and leased, 39 miles.
On Dec. 1, 1871, it was
leased with the United Companies of N. J. for 999 years to the Penn.
RR., at 10 p. c. on stock, and is operated as a part of Its N. Y. division.
In 1888 gross earnings were $3,847,440; net, $2,125,627.
;
&
Baltimore. Mileage as follows:
Philadelphia Wilmington
Philadelphia Wilmington & Baltimore RR., 133 miles; Philadelphia A
Baltimore Central, 80 Delaware RR., 100; Queen Anne A Kent RR.,
26; Delaware A Chesapeake, 54 Cambridge A Seaford RR., 27; Del.
Md. A Va. RR., 98 miles total operated, 518 miles. Owns over half the
stock of the Phil. A Bait. Cent.
From 1868 to 1887, inclusive, dividends of 8 p. c.were paid; in 1888
and 1889, 7. In April, 1881, nearly the whole stock was purchased by
Penn. RR. Oo., $10,890,950 of it being now held by that company.
In year ending October 31, 1888, gross earnings were $6,604,653;
net, $1,777,275; surplus overflxed charges (including other income),
$1,223,408, dividends (7 p. o.) $827,354; improvements, etc., $298,368;
surplus, $96,686. In 1886-87 gross, $6,007,805; net, $1,4". 1,028: surplus over charges, dividend (8 p. a.), ^tc, $9,2t>2.
;
;
;
Piedmont A Cumberland. Road
extends from Piedmont, West
Va., to Cumberland, Md., 29 miles. It connects the West Va. Central A
Pittsburg RR., by wkjich it is operated with the Pennsylvania RR. system, ana has a traffic contract guaranteeing 5 per cent of groBS earnings to and from this road over the Pennsylvania Railroad, whlsh owns
$200,000 of the $650,000 stock (par $50). In 1888, gross, $98 662net, $39,464. H. G. Davis, President.
Pine Creek. Stokesdalc Junction to Newberry Junction, Pa., on the
Corning C. A A. Road, 75 miles. Formerly Jersey Shore Pine Creek A Buft
It is operated by the Fall Brook Coal Co., and forms a conuection
between Philadelphia A Reading lines and N. Y. Central, and bonds are
by these companies and the Corning C. A A., on the condlon that guarantors shall advance money for interest if needed and
guaranteed
2d mortgage bonds for suoh advances. There are $142,000 2ds
take
dueinlH32. Stock $1,000,000; par $50. Stock and bonds were largely
held by Mr. W. H. Vanderbilt. Gross earnings in 1888, $723,233 net
271,936; lent of road, $239,603; surplus, $32,334.
In 1887. irross
f612,844; net, $228,612; rental to P. C, $187,777; surplus, $40,835!
Pittsburg Cincinnati & St. Louis. Owns from Pittsburg, Pa
Columbus, Ohio, 189 miles; branches, 17 miles; total, 206 miles.
BR.
,
1,259,100
11,819.350
1,000,000
6.-.0.000
1.000
1,000
1,000
12.557.K6
700,000
800,000
1,000.000
1,000.000
200
100 Ac,
100
100
500 Ac,
500 Ao.
500 Ac.
1,000
$1,000,000
612,000
1,080,000
2,158.792
3,500.000
6,863.000
2,500.000
3,000,000
134,000
120.000
2,400,000
4,000,000
6,648,224
10,000,000
19.714,286
12,022,000
5,250,000
5,160,000
2,000,000
1,440,000
3,075,000
2.000,000
1 ,000,000
6
F.
6
M.
A
A
A.
"-::'
6,6*7
2*
3
4
Various
Q.-J.
J.
A.
A.
6
6
A.
5
I.
4
M.
2 g
-
F.
J.
f
7
5
J.
J.
7
6
?*
It
1%
1%
T.
F.
J.
7
7
Tr. Co.
do
J.
J.
J.
If
A.
A
4
A
A
Co
().
Of.,227 So. 4th St. Var. '92 to '04
Pbii'delphla, Co.'sOlUce Oct 10, 1889
233
Pliila.,
8.
4th
Br.
Bost.,Kld.Pea
Plnl.Of.j
D.
do
do
233 So. 4th St.
A.
New York and Bait.
D. Phlla. P. AR. RR. (o.
A. Philn., Pa.. RR. Office.
N.
O.
J.
J.
A.
O.
Phil..
Jan., 1883, last paid.
N. Y., Nat. City Bank.
Phlla., Pa. RR. Office.
do
do
New York.
Bait. A Ohio RR.
J. Bait.,
J. London.
A.
J.
J.
J.
O.
y'ly.
y'ly.
Phil.,
I.
.
July
do
do
do
do
A Co
do
do
do
do
N. Y.. Third Nat. Bk.
Pittsburg, Co.'s Offloe.
N. Y., Phila.
A Pittsb.
1,
18?9
April, 1917
Oct. 1. 1892
April 1. 1900
June, 1910
Nov. 1, 1922
Aug. 1. 1911
Deo, 1, 1932
Aug. 1, 1900
April 1, 1913
Jan. 1, 1914
Jan.
Feb.
1.
1,
1890
1893
Oct. 1, 1922
July, 1898
S.MorganACo Jan.
New York Agenoy.
N. Y., Winslow.L.
3
'
Union
do
Phlla., Fidelity Tr.
O. Phil. Of.; Bost. KM. Peal).
O. Phlla., 233 So. 4th St.
Q.-J.
Various
Various
A. A O
7
6B
F.
A.
J.
A
A
*
,v
A
*
4
A
*
A
A
A
A
A
A
*
A
Phlla.,
8.
4<
Feb.
1,
1,
1928
1925
Oct. 2, 18H9Oct. 1, 1889-
July 1,
July 1,
July 1.
July 1,
July 24,
1912
1912
1912
1922
1889
Jan.
Jan.
1,
1928
1,
1928
wu
This
a consolidation of several companies, May 1, 1868, Inducting the Steuben ville A Indiana and the Pan Handle roads. This company is controlled by the Penn. Company, through the ownership of a
majority of its stock. The P. C. ASt. L. also has leases of the Little Miami
and its dependencies. Common stock, $2,508,000; first Dref. $2,929,200;
second preferred, $3,000,000; par value of shares, $50. Penn. RR.
owns $3,000,000 pref. stock and $5f 0,000 consols.. Authorized amount
of 1st mort. $10,000,000, of which $3,137,000 reserved. The Co. isliable for $262,500 Cinn. Street Connection Ry. bonds assumed. There
are also car trusts, which called for an outlay of $67,648 in 1888.
The report for 1888 (Chronicle V. 48, p. 489) had the following
1885.
1886.
1887.
1388.
Total gross earnings.
4,033,623
4,752,596 5,808,378
5,388,547
Op. exp. and taxes..
2,681,633 3,130,690
4,017,219
4,193,011
:
November,
1889.]
EAILROAD STOCKS AND BONDS.
133
INVESTOKS'
124
Subscribers will confer
a.
SUPPLEMENT.
great favor by giving Immediate uotlce of
DESCRIPTION.
For explanation of column headings, Ac, see notes
on tlrst page of tables.
<t rough.
Cons, 8tk., guar. P. A L. E.
1st niortg., guar, by P. A L. E. and L. 8. A M. B..
for $1,750,000
PitUb. Painesvillc * Fairport 1st M.. g.. Int. gu.o*
Terminal mort., Interest gnar. by Plttsb. A West.
Pittsb. Snenanao <t L. Erie 1st mort.. gold
PUUo. To. <* Charleston 1st mortgage, gold
PUUburg * Western. 1st M.,g.(for $10,000,000). o"
1st mortgage Pitts. Newcastle A Lake Erie
PUUburg l'oungitmcn <* Ashtabula Pref. Stock
o
Lawrence
1st mortgage
o*
Ashtabula A Pittsburg, 1st mort
New mort. (for $4,000,000). s. f. 1 p. o., not dr. o
Port JervU Monticelto <r N. F. 1st M. ($10,000 p.m.)
PortRoyaldAugus.-- IstM.and 2d M.,end.byCen.Ga.
e'
General mortgage income bonds, gold
Port Royal d West Carol.- Con. mort., red. at 110.0'
o*
Augusta A Knoivllle mortgage
Portland <& Ugitensb. 1st m.g int. guar. M. Cent..c
Consol. mort. $20,000 p. m. (guar. Maine Cent.) c
Portland dt Rochester Stock ($600,000)
Portland Sacod PorUmouth Stock (guar by rental)
Portland d Willamette Tal. 1st M., g.,red. at 105.0*
PorUmouth d Dover Stock, 6 p. c. guar. East. Mass.
Poru. at. Faltsd Con. Stock, gu. samediv. as East..
c
1st mortgage
o
Prescotl d Arizona Cen'. 1st M., g sink, fund
PUUburg McK.
2d mortgage
RK
,
,
,
2d mortgage, incomes
Providence d Spring/. 1st M. tend.by City Prov.io*
...
Providence d Worcester Stock
o
1st mortgage
Quincy Omaha
1st mortgage
d Kan.
C
Pref. 1st
mort
Amonnt
Outstanding
any error discovered
[Vol. XL1X,
In these Tables.
NOVBMBER,
1889. J
RAILROAD STOCKS AND BONDS.
1S3
INVESTORS' SUPPLEMENT.
1*6
[Vol. XLIX.
Subscribers will confer a great favor by string Immediate notice of any error discovered la these Tables.
Bowls Prlnol
INTEREST OR DIVIDENDS.
DESCRIPTION.
HUM Date Use, ox Amount
pal, When Due.
Rate per When Where Payable, and by Stoekt Last
of
Par
Tor explanation of column headings, 4c. see notes of
Whom.
Dividend.
Cent.
Road. Bonds Value. Outstanding
on first page of tables.
Payable
,
c*
Debentures
Lancaster 4 Reading, 1st
98.
1*811
e
Baleigh rf A ugusta 1st mort., funding
Baleigh it Cation 1st mortgage
Buttling <f Columbia 1st mort., (extended)
2d mortgage, coupon (extended In 1884)
97
40
40
1873
1862
C*
c
e
M
e*
Benttelaer <t Sara. Stock, 8 p. o. guar. Del.* H.Can.
1st mortgage, consolidated (for $2. 000,000).. o*Ar
Biehmond <t A Heghan y -new 1st M. reorg. certs
Second mortg. reorganization certificates, gold
Bitn.it Daner.-8t'k(*4,261,000 owned by R.4W. P.)
3d ui. (consol. of 1867), Richmond to Danville ..
General mort., gold. Rich, to Danv. 4 branches..
Debenture mortgage bonds, income cumulative ..
Consol.M. g.<$l\Ot.O p.m.),$or. ($14,500,000)0*
Equipment Trust bonds, gold.s.f.,<1raws at lOO.c*
Northwestern, N. C, 1st m. ($15,000 p. m.),g.gu.o
Rich. York River* cues.. 1st mortgage
.
2d
mort.,
Richmond
to
"id
195
79
1,000
100*0.
l.OOO
l.ooo
l.Mt',4
1877
1873
100 Ac
100
1871
1
1.000
1,000
1,000
389
1889
.
140
152
152
152
1867
1874
1882
1886
l6o4e
1,000
1,000
1,000
1,000
1.000
lhW!)
"38
m
c
1st M.. $15,000 p.
Bieh. trtd.A Pot.-Bfk, com. ($1,071, 100 div.oblig.)
8tock, guar. 7 p c, except $19,300 guar. 6 p. c.
6
3
1,250,000
625,000
4
58470
1875
100
500 &e
100
100
1887
1.000
;
;
4
1,000,000
384,000
50,602,492
5.000.000
5,708.000
3>s
64
7
"2 is
6
g.
Halelgli 4 Gaston.-Owns Raleigh to Weldon, N. C..98 miles and
Ixmisburg branch 10 miles. Controls Raleigh 4 August* RR., 108 miles,
large interest In Durham 4 Northern RR, Durham to Henderson, N. C.,42 miles; a->d with Seaboard 4 Roanoke controls Carolina
also controls Ga. Car. 4 No. and jointly guar, tne Donds. Seab. 4
Cent.;
Boa. owns $742,200 of the R. 4 G. $1,500,000 stock; par $100. Semiannual dividends are paid at Nat. Farm. 4 Planters' Bank, Baltimore.
April 1 and Oot. 1. Gross earnings year ending September 30, 1889,
$19i.348; net, $213,?04 surplus (including other receipts) over fixed
charges, $194,417; dividend of 5 p. o., $75,003. Gross in 1887-8, $469,458 net (including other receipts), $286,815 surplus over interest
and 4 per cent dividend, $146,815.
Reading 4 Columbia. Owns from Columbia to Sinking Springs,
Pa., 40 miles; branches, 16 miles; Lancaster 4 Reading Railroad,
leased 15 miles operates Marietta Junction to Chickies, 6 miles total
The road is controlled
oerated, 77 miles.
Stock, $958,268 par $50.
and operated by Phil. 4 Reading (which holds the above debentures),
hut accounts kept separate. In year ending Nov. 30, 1888, gross earnings were $312,769; net over operating expenses, $66,786; surplus over
Interest on Lancaster 4 Reading bonds, $42,287.
Rensselaer 4 Saratoga. Owns Troy to Ballston.N. Y., 26 miles;
aVhltehall, N. Y., to Vermont line, 7 miles; Eagle Bridge to Rutland,
Vt., 62 miles Saratoga to Whitehall, 39 miles; branch, 3 miles total
owned, 137 miles. Leases Albany to Waterford June, 12 miles; Sara
toga to Schenectady, 22 miles Fort Edward to Caldwell, 14 in.; other
branches, 10 m. total leased, 58 miles; total operated, 195 uii es.
leased in perpetuity March 1, 1871, to the Delaware 4 Hudson Canal
Oo., which owns $1,600,000 stock; rental, 8 per cent on th ; stock and
Interest on the bonds.
From Oct. 1, 1888, to June 30, 1889, gross earnings were $1,603,918,
against $1,636,500 in 18S7-8; net, $518,207, against $518,284. In 188788. gross earns., $2,449,702; net, $790,387; deficit uader fixed charges,
and has
;
;
;
;
;
;
;
:
;
$176,357. (V. 47, p. 140, 776; V. 48, p. 222; V.49.
Richmond 4 Alleghany.
Blchn.ond to Clifton
p. 174.)
1926
'4N.
4 J.
4 N
4 J.
4N.
J. 4 J
M. 4 N.
4 J
4A
.
N.
Y,
Office,
2 Wall
Richmond,
do
do
Office,
do
do
St.
1924
Nov. 1, 1937
July 1, 1889
Nov. 1, 1889
Jul. '95 4 1901
Phila.,Town,Whcl; Rich Jul.4Novl901
3,
1,
1889
1915
S. Y., Office, 2 Wall St. July 10,
1889
Richmond, Office,
do
do
do
July
May
Feb. 1 1897
do
,
:
;
:
INCOME ACCOUNT.
1887-88.
1885-86.
1886-87.
Total receipts
$3,999,147 $4,012,028 $4,355,161 $4,869,825
Net receipts
1,767,6H1 1,890,475 2,067.304 2,329,774
Rentals and Interestt.... 1,483,097 1,467,658 1,482,518 1,576,278
1884-85.
Balance
Construction, equip.,
45,444. 1887-8, gross
Jan..
were given. Of the cone ol. mort. bonds of 1936 $10,720,000 were reserved to retire tne general mort. 6s of 1915 and the debentures. Of the
Ox. 4 Olarkes. 6s due 1937 $264,000 have principal and interest and
$480,000 Interest only guaranteed by Rich 4 Dan. In 1889 endorsed
the bonds of the Georgia Co. There are $111,000 Clarkesv. & No. Oar.
6s (M. 4 N.) guar, due Nov., 1937. Only $1,000,000 of the Wash. Ohio
4 Western bonds receive inU rest.
Dividends since 1876 have been In 1881, 5 per cent; in 1882, 7; In
1887, 3; in 1888, 5; in 1889, 10.
From July 1 to Oct 31 (4 months), gross earnings were $1,742,152,
against $1,536,335 net, $707,530, against $617,419.
The annual report for the year ending Sept. 30, 1888, was published
in the Chronicle, V. 47, p. 707, containing the following
net
tc, $28,977.
None paid
6
744,000
6g.
31*
2,101,200
500,400
3-*
172,720
5,6,7
357,327 5 g. 4 6
100
100
Omaha 4
etc.,
5
6
500.000
&
dividends,
7
2-3-4
V*-
Worcester. Owns from Providence, R. I., to
Providence
total operated, 51 nines.
Worcester, Mass., 44 miles branches, 7 miles
In May, 1888. arranged to lease road to the N. Y. Pro v. 4 Boston R.R
on the stock, and road turntd
for 9' years at 10 per cent per annum
overin'june, 1889,extra dividend 10 percent being paid June 29, 1889.
In 188 7-8 gross earns. $1,397,601; net $402,620; surplus over charges
and 10 per cent divideLdg, $49,054. (V. 47, p. 800; V. 48, p. 829.)
Kan. C.-Quincy to Trenton, 111., 131 miles.
luiiuy
the Qulnoy Mo. 4 Pacific sold in forecloss
Thff Company is successor to "
1
aire ami reorganized. The stock Is ^ _
8*1,489,240 (par$100). In lO ^ mouths
ending Dec. 31, 1888, gross earnings were $199,644; net $17,781. From
over operJan. 1 to June 30, 1889, gross earnings were $122,583 net
ating expenses, $35,351.
Augusta. Owns from Raleigh, N.C., to Hamlet, N.O.,
Raleigh
08 miles; Hamlet to Gibson, 10 miles; leases Moucuro to Pittsboro, 10
miles; Cameron to Carthage 12 miles; total, 130 miles. Formerly Chatham Railroad, now controlled by Raleigh 4 Gaston (which owns most
of the stock and bonds) and so by Seaboard 4 Roanoke. Stock is $873,
000;
;
4
2to4
500.0(H)
1,000
J -Bait. * Pbll.Mech.N.Bk
P.;
5
5
6
7
570.000
400,000
1856
Income mortgage
Oxford 4 Clarksvllle,
A:
4 J. alt. 4 Phil.Meeh.N.Bk. Jan. 1, 1898
A ft Phila.,Phil.4 Read. RR. Moh. 1, 1912
4 D
do
June 1, 1904
do
Last paid Dec, 1879.
Dec. 1, 1917
4 J. Phda.,Phll.4 Read RR. July 1, 1893
4 J. N. Y., Del.4 H.Canal Co July 1, 1889
4 N.
do
do
Nov.. 1921
4 J. N. Y.. Drcxcl, M.sCo Jan. 1, 1989
4 J.
do
do
Jan. 1, 1989
4 J. Y. Otlice, Wall St. July 8, 1889
do
4 N.
ds
May 1, 1890
4 J.
do
do
Jan. 1, 1915
do
do
4 O.
April 1, 1927
Oct. 1, 1936
do
do
4 O.
do
do
4 S.
Sept, 1, 1909
do
4 O.
do
April 1, 1938
do
do
Jan. 1, 1894
4 J.
do
do
Nov. 1, 1900
4 N.
do
do
4 J
July 2, 1889
do
do
1924
4 A.
8
100
1884
1884
1887
fcCouvert.bonds, $137,380 5s,duel901, 6s47s,l895
Coup b'ds ($57,327 are 5s pay. J. & J. in London)..
Consol. M. for $2,500.000
23
Biehmond A Petersburg Stock...
23
Consol. mortgage ($50,000 are 7s)
6.869
Bichimmd <t WesfPt. Ter. R. it W. Co. Stock
Preferred 5 per cent stock, cumulative
o*
Collat. trnstbonds.gold (redeemable at 105>
(I)
6
1.000
1873
1880
"50
60
50
81
81
$1,000,000
1,000,000
650,000
350.000
1,000,000
850,000
8,442,400
1,925.000
5,000,000
1.000.000
5,000.000
604.700
6,389.000
8,551.000
2,577,520
UN")
1SSS
38
38
West Point, va
Stock guaranteed!! percent
Wash. Oh. 4 West. 1st m., guar., Alexan.to R. Hill
$1,000
4c.
$284,564
221,047
$422,817
323,953
$584,786
249,922
$753,496
Balanc e, surplus
$93,859 $334,864 $753,496
$63,517
*
Included in operating expenses in 1887-88.
Including debenture interest whether paid or not.
-(V. 47, p. 81, 161, 410, 472, 531, 664, 690, 707; V. 48, p. 663, 688,
1
730, ?55.)
Richmond Fredericksburg 4 Potomac Owns from Richmond, Va., to Quantico, 79 miles; leases Quantlco to Junction 2 miles.
There are $33,363 7 per cent debt certificates due July, 1 899, and $53,512
5 per cent certificates due in 1901 and 1902; also $150,t00 8 par cent
bonds due In 1890. Dividends of 7 per cent paid on common stock In
1888 and 18S9. In 183788 gross earnings, $608,834; net, $236,826
interest and guar, dividend, $82,206; sur., $154,620. (V. 47. p. 626.)
Richmond 4 Petersburg. Owns from Richmond to Petersburg;
Va., 23 miles. The road has earned moderate dividends and the debt account is very small. From Oct. 1, 1883, to Sept. 30, 1889 (12 mos.),gross
earn'ga were $291,183, against $254, 16 tin 1837-8; net, $113,773, against
$85,415. la year ending Sept. 30, 1888, gross earnings were $254,164,
net, $85,416; total, net Income, $98,185; surplus over Interest and dividends (7 per cent), $3,393. (V. 45, p. 7s)3; V. 47, p. 626.)
Richmond &
hoiase Co.
'West Point Terminal Railway 4 WareThe mileage controlled and operated In Nov.,
(See Hap.)
1888, was 7,369 miles (including water lines) as follows:
Richmond 4 Danville System. Richmond 4 Danville and Piedmont
RR. and branches, 274 miles; Richm'd York River 4 Ches. RR., 39 m.j
Northwestern No. Carolina RR., 25 m.; No. Carolina RR. and State University RR., 232 m.: Atlanta 4 Charlotte Air Line R'way and branches,
288 m.; Virginia Midland R'way, 413 m.; Wash'n Ohio 4 West'nRR.,
50 m.; West/n No. Car. RR., 290 m.; Char. Col. 4 Aug. RR. and leased
lines, 373 m.; Col. 4 Greenv. RR., leased lines and branches, 296 in.;
Asheville 4 Spartanburg RR., 70 in.; Knox v. 4 Aug. RR., 16 m.; Rich.
4 Mecklenburg RR., 31 in.; Georgia Pac. R'way, 516 m.; Northeastern
RR. of Georgia, 60 m Statesville 4 Western, 20 m.; Oxford 4 Henderson, 13 m.: Clarksvllle 4 Durham, 57 m.; total Richmond 4 Danvills
;
{SeeMapo/ Che*, it Ohio.) Owns from j stem, 3,063 miles.
East Tennessee Virginia 4 Georgia System. (See East Tenn.
Forge, 231 miles; branch to Lexington, 19 miles;
New Canton to Arvon, 4 miles; Valley RR.oon Virginia 4 Georgia for details.) Total East Tcnn. tystein, 1,603 miles.
leased, Buckingham RR.,
mectlon, 2 miles; total, 256 miles.
Central RR. of Georgia. -(See thatConipai y) 2,203 miles.
Ui June, 1888, a consolidation with Chesapeake 4 Ohio was proposed,
Water Lines. Ocean Steamship Co., 300 miles, and Bait. Ches. 4
and Sept. 1 operation of the road was assumed by Chesap. 4 Otiio, and Rich. 8. B., 200 miles 500 miles.
was
accounts kept separate until May, 1889. The Rich. 4 Allegheny
The, Central Georgia RR. 4 Blinking Co. was brought into control of
sold In foreclosure April 16, 1889, to a committee of bondholders, pur- this Company In Oct., 1888, through the purchase of the stock of the
suant to the plan of consolidation with Ches. 4 Ohio. (V. 48, p. 527.) Georgia Company, which owned a majority of the Central RR. stock.
The 1st mort. bonds with all overdue coupons take new $1,000 first See V. 47, p. 499.
mortg. bonds bearing 2 per cent interest for five years and 4 percent
This oonipany was incorporated by an actof the Legislature of Virginia
for 9o years. The E. 4 A. 2d mortg. bonds take new seconds for $250 of March 8, 1880. It was the auxiliary corporation of the Richmond 4
Deai ing 2 per cent for one year, 3 per cent for one year and 4 ter 98 years; Danville RR. Co., controlling several stocks by ownership of a majority.
also $125 In income bonis and $625 in new Ches. & O. common stook. In November, 1886, the Terminal Co. purchased a large majority of the
{Interest at these rates was paid on the Drexel-Morgau certificates, R.4D.RR. Btock. $5,000,000 of pref .Terminal stock was Issued, secured
July, 1889.) All the new bonds bear date Jan. 1,188:', and are to be by the deposit in trust of 25,000 shares of R. 4 D. stock; afterward the
secured on the R. 4 A. property and to be elthor a direct bond of the common stock was inoreasel, the last addition of $11,500,000 being
<.'. 4 O. or the first and seconds are to be
guaranteed by C. 4 0. R. 4 A.
uade Sept., 1889. for the purohase of $2,000,000 E. Tcnn. Va. 4 Ga.
stock having paid 10 per cent assessment takes new Ches. 4 O. stock for
70 per cent of its face value and C & O. 1st pref. stock for the assess
meut. (V. 47, p. 81, 199, 382, 745; V. 48, p. 160, 462, 527, 689, 730;
V. 49, p. 21, 539.)
Richmond 4
Danville. (fee Map Rich. <l W. P. Term.) The
from Richmond, Va., to Danville, Va., 140 miles; branches,
Danville, Va., to Greensboro, N. C, 47 miles; Salem Junction, to Salem, 25 miles. The Virginia Midland KR Colombia 4 Greenville, Charlotte Columbia 4 Augusta and Western North Carolina are
leased for 99 years. The Piedmont RR. Is virtually owned, also the
Northwestern North Carolina. The Rich.Y'ork R.4 Cheeapeake is leased
In perpetuity. It was proposed in 1888 to lease the East Tcnn.Va. & Ga.
for 99 years, but lease was enjoined. In Nov., 1888, the Georgia Pacific
was leased. For whole system operated see K 4 W. P. Terminal Co.
In Feb., 1887, the K. .v >. stock was mostly exchanged for Terminal
In the proportion of four shares of Terminal for one of Rich. & Danville.
The interest on the Debenture bends was strictly cumulative and In ex
change for the overdue coupons new consol. mort. 5 per cent gold bonds
main line
12 miles;
is
,
I
first
preferred stock.
The statement in Chronicle of June 8, 1889 (V. 48, p. 764), showed
what this company had of securities owned and what were pledged
for the trust bonds of 1 887 and for the trust bonds of 1889.
The Trust bonds of 1887 niay bo redeemed on notice at any time at
See abstract of mortgage, V. 45, p. 575.
In March, lssu, the collateral trust mortgage for $24,300,000 (trustee Central Tr. Co.) was issued, $1,' 00,000 being reserved to retire (If
teemed advisable), $:>,000,000 preferred stock, $5,500,000 for the collateral trust bonds of 18s7, *4,ooo,000 for the Georgia Co.'s bonis, and
$1,949,000 more to take up the .East Tenu. 1st pref. and the Rich. 4
Dan and Cent, of Georgia common stocks outstanding. The first issue
The sinking fun 1 of 2 per
>f $5,000,000 went to pay off floating debt.
ent begin- Feb, 1. 1*98, bonds to be drawn if not purchasable at pa*.
,ud bonds mav be redeemed at par at any time on one month's notlt*.
See abstract of mortgage in Cii konicle, V. 49, p. 115.)
Dividends ou preferred st ck nave been: In 1887, 2>s per cent; in
1888.5; in 1889, 5
105.
"
November,
1889. J
EAILEOAD STOCKS AND BONDS.
1*7
INVESTORS'
128
SUPPLEMENT.
[Vol. XLIX.
Subscriber* will confer a great favor by giving Immediate notice or any error (Uncovered In these Table*.
HI BCRII TION.
For explanation
m
Mil.ui
of colurou headings, Ac., gee
(>f tables.
ttri*t pag
Bond
Kithnumil d We.t ). Te K. <t .V. Cn.--(Continutd.)
rjon.collat.Tr. M. $ 4.H0O ooog. red.ni 100. s.i e"
*e
Rio brawif Wattrn '' trual mort.. sold
Bnrti.d Sawn rot Steak, 6. roi tal N Y.L.K.A W:
Rock ltlumtd Peoria Stock
Date Size, or
Amount
Par
of
Bonda Value. Outstanding
.
mortgage
Consul. 1st mortgage
r
liit
r
Mtome d lknui,r 1st n.oi t.. god ($15,000 p in.)
limit WalerUnm d ttgiltnutniru Nock
1st M ,Wat .A- K. Rome to
ih \ n..-.f not ir'n .(*
.( C2d M. on 95 m.)
1st M., Wiit. to Ogd.ANoi d
c*
2d niort. (3d mort. on 95 miles)
Consul, inert., (extended July. 1882, at 5 p. c.) o'
.0*
Syracuse Northern, 1-1 limit, (gnldl
K. w. A- Og. Term. KB. Co.. stock, Op. o. rental
1st mo-t.. g' ar
0"
Ba ffmiit ntorii p n rfii r ifid
Gem rai mort.<8 per oent, reduced to Oi
c
2dinoii.ln exch. for equipment bonds, Ac
Baaitmir Yality tl St. Louis. 1st mortg., coup
if I.. L'huiriplnhi
or reg
81. Jolihsl'i'i't
1st M..coup.
Oonsoliilat t\ mortgage (for $1,000.000)
l-i tf..g.,lnt guar by U.P."*
Bt. Joseph it Brand /.
2d mortgage, Income, gold
Kan.C O.KR.lstM.($15,00p.ro.),g.,int.gu c'A-r
Bt. l.vi'i* Ail < t-prii.g.
lstM ,g <+l*,000 p, m.).c*
Udmurt., gold
I'tvf. srwk (7 cum.), con.
Ail. it Tet-re Haute
Bt. 1
1st M. (scries A) ) Binking fund $25,000 yearly ,C*
c*
1st M (series B)j
bat bonds not drawn
c
2d mortgage, preferred (series C)
c
2d mortgage, preferred (series D)
o*
2d mortgage, mco oes
'
ii
.
<
c
.
18B9
$1,000
l.OOO
1878
1 BBS
1866
25.000
5.000
1,000
1855
1861
100
100 Ac
SOOAc.
872
1874
1871
1,000
1,000
1.000
1888
1,000
373
100
IS*
113
91
113
35
648
97
190
190
409
45
14
14
120
120
120
30
ISO
.20
252
252
196
87
428
1
100
1872
1878
1872
1880
1884
1885
1885
1887
lc87
1889
ioo
lOOAc.
100 Ac.
1,000
l.OOO
l.ooo
1,000
1,000
500 Ac
i ,oi o
November,
1889.,
RAILROAD BIOCKS AN U
1SOKDS.
,99
INVESTORS'
130
SUPPLEMENT.
[Vol.
Js-
*<&r
r
"^
*
MAX.
/&M&5L**
l<[
November,
188&.
eailboa
Stocks and bonds.
131
INVESTORS' SUPPLEMENT.
ia<
(Vol.
XLIX.
Sakaerlber* will roofer a (rest lt?or by firing Immediate notice ol tar error dlscoTcred In these Table*.
Bonds
DESCRIPTION.
Miles
of column headings, Ac, nee notes
For explanation
on Hr*t page of tables.
LnuitAlt. <* Terre Haute (Continued) Dividend IhhiiIh, Income (see (.1 ins, V. 48, p. 389)
hi M. (int. guar.) s. f. not dr'n .o*
Belle. A So. II
Belleville A Carondelet, 1st ni..P.elle.toE. Caron.c*
c*
Belli -villi- A El Dorado- 1st (Int. guar)
Ml.
.
1
2d mortgage
Lou s Southern 1st M., gold, lot, guar
2d iiinrtir. toeotpa, Don-oomalatnre
0*
c*
c*
Bt.
Carhonda't
A Shaniiei t'n
let M. ,g., Int. guar. c"
A Paducah, 1st in., l- r'd at 105 guar. c*
2d mortgage, gold, Income (non-cumulative). .c'
Loui* Ark.it Tex 1st M.,gold ($13,000 p m.).o'
Cblc. St. L.
IbY.
241 (Inc. till '89,
Fee
rem
,.g
($13,000
i>.
m.)...o*
Int. guar., M. A O. g. c
C*
mortgage
0*
Consul, inort.. g. ($20,000 p.m
1st mortgage ($600,000) .0
(. Louis <f Haunioal
rm Jranrweo. tttock, common
4Jf. lAiuie rf
Preferred, 7 per cent, not errmnlatrre
1st preferred, 7 per cent, not cumulative
2d Bert, (now 1st), A, gold > (Pacific to Beneca,
do B, golil } Mo., find branches)"
do
294 mil. a
do C. gold )
do
Equip, rnort.. gold. $80,000 dr. ann'lly. at 105.C*
let on Mo.A West.RR.,g. $o,-(>0 yi.lv Or. at 105.
SI. Lout*
SI.
Loui*
\H uioi t..
if
Cairo
*
Chieagn.
1st
.
<
Collateral trust bonds, gold, sink. fa, not drawn
Bt.L Wicb.A West 1st
(Gsw.to Wlota.) g..gnur.
PGen. M., g.(lst on 365 m.) ($7,727,000 are 6s). .c'
CoUat.Tr.M. on hr'clies ($20,000 i>er niile) gold.c*
Equipment Trust ($23,000 due each A. A O.)
Kan. C.A8.W.,lstM.,g.,rfd.at lir ($12,000 p.m.lo*
Bt.I.. Kan.A8.W.,lst iM.,g. guar, red. at 110.. c
Ft. r. A Vim Biir.R'dgr. ls< in., g.ilrn at 115 guar.
I
"
,
.
m
.
Prinef.
November,
1889.]
RAILROAD STOCKS AND BONDS.
133
131
Subsi rih.r- will confer a
ur.-.ic
Ac., see note*
INTEREST OR DIVIDENDS.
Sire, or
Amount
Rate per When Where Payable, and by
Road. Bonds Value. Outstanding Cent.
whom.
Payable
of
of
Par
54
107
158
1886
1887
1867
$1,000
158
231
231
167
167
21
25
12
1.868
San Francisco
<*
4
Bt.L.8alrm
(.Continued)
Ark. ,1st M., guar., redeem. at 105. .0*
Kan. Midl'd, 1st M.,g., $15,000 p.m.. int. guar.. o*
lstM.s. f. guar. not dr.c*
St. Lcntit Van. <* Terrt H.
2d mort., lnk. fund, not dr'n ($1 ,600,000 guar.ho'
Paul <* Duliith Preferred 7 p. o. stock A scrip
St.
Common
Date
Miles
For explanation of column heading*,
on first page of table*.
[Vol.
stock
c*
mortgage
2d mortgage
1st
c"
Taylor's Fall* 41*akeSup.,lstm.,gu.,s.f. not dr.c*
Duluth Short I... 1st, guar.. cum. s.f. notdrawn.o'
Stillwater 4 8t. Paul 1st M., g., (not guar.)
1.000
1,000
1.000
1,000
18.87
1884
1886
1870
Paul Minneapolis* Manitoba Stock-.
3,084
76
.V 1'ac. 2d M. (1st on St. Paul to Watabi. ..
656
1st mort. land grant sink. fd.. g. drawn at 105.. o*
656
not cover lands)
o"
2d mort., gold (does
473
Dak. Ext., 1st mort., gold (S12.000 per mile)
Oonsoi mort.gold ($13,344,000 are 6s), cp. orreg. 3,894
411
1st H.,g., Montana Ext en. ($25,000 p. in.).. c\tr
Collateral trust bonds, g , redeemable at par .. o
Mimical). Un. RR.. 1st M., gold,guar.($3,000,000)
70
East, of Minn., 1st
g, gu. ($50,000 p.m.) o**r
Montana inn., 1st M g. ($40,000 p. in.) guar, o A r 194
152
St. Paul * No.Pae. Stock ($10,000,000 authorized)
Gen. M.,guar. ld.gr.. ($10,000,000) reg. Q. F.o* A t 186
tilHy
West'rn RK.,Minn.,lst M., RR., covered by Gen.M.
Ban Ant. d Aranta* Pats 1st M., g.,red. at 110.. c* 150
309
1st M.,exten.,gold ($12,000 p.m.). red. at 110. o*
43
1st M., for $9,000.000, gold, $15,000 per mile...o*
459
2d
g., Income for 5 years, $8,000 per mile
San Diego Ouyamaca <( East. -1st M.. $25,000 p.m.
1862
1879
1879
1880
Too
,
M
Disbursements
Tnt..sink.fd.4rent*
Dividends
1885.
1,751,215
315,000
Bate of dividends..
7
Miscellaneous
4,732
1,000
100 4c.
l.ooo
1,000
1,000
1883
1887 1,0004c
1.000
1888
1882
1.1 MM)
1888 1,0004c
1887 1,0004c
100
1883
1.000
1877
1,000
1885
1,000
1886
1,000
1888
1,000
1888
1,000
1889 500 4c.
50
1,000
1869
,
SandusKy Mansfield <t S'ewark Re-organized stock
lstM..g.,lnt.gu.under lease by B.4Q. and Cent. O.c*
1,608,000
1,899,000
2,600.000
5.376.910
4,660,207 3
1.000,000
2,000.000
100
100
1881
St. P.
. .
$810,000
l.OOO
1,000
1.000
St.
M
116
116
1886.
1,950,323
1887.
2,219,901
1888.
2,382,157
315,000
7
5,974
565.000
815,000
7t
7;
Total dlsbursem't*
3,197,157
2,070,947
2,271,297
2,784,901
28.826
652,908
382,497
Balance, surplus. ...
540,654
*
Made up as follows: Interest and dividends, $524,845; sale of gen.
mort. bonds, $159,000; profit on securities sold, $432,697.
1 And 5 per cent on pref.
t And 2*8 per cent on pref.
(V. 47. p. 81, 161, 395, 594, 708; V. 48, p. 463, 525, 528, 827.)
A
I*
7
4
;
;
&
$
$
$
Gross earnings
1,558,086
1,694,339
1,524,918
522.080
Het earnings of RR
630,791
327,435
from lands & stumpage.
163,057
541,926
Receipts
367,946
24,142
21,852
Interest, rents, 4c
21,162
Total receipts
817,990
1,088,858
716,543
47 5.913
Total charges and dividends.
600.165
561,989
342,077
488.693
Balance, surplus
154,554
(V. 47, p. 81, 432, 745; V. 48. p. 129. 460, 609, 829.)
St. Paul Minneapolis A ."TI anltoba (See Mop). Owns from St.
Paul, via Barncsvilie, to Emerson, 392 miles; Minneapolis to Gretna
via Breckinridge, 413 in. Minneapolis to Hinckley via St. Cloud, 132
m. St. Cloud to Wilunar, 55 in.; ::ik River to Milaca, 32 m.; Bottineau Branoh, 39 m.; Sauk Centre to Eagle Bend, 36 miles; Fergus
Falls to Pelican Rapids, 22 miles; Crookston Juno, to Great Falls, Dak.,
782 miles; Shirley to St. Hilaire, 22 miles; Wayzata to8pring Park, 6
miles; Morris to Brown's Valley, 47 miles; Breckenridge to Laugdon,
206 miles; Everest to Portland (via. Mayville), 50 miles; Ripon to Hope,
80 miles; Moorhead to Halstad, 34 miles; Evansville (via Tintah Junotion to Ellendale), 136 miles; Rutland Junction to Aberdeen, 64
miles; nutchinson Junction to Hutchinson, 53 miles; Benson to Watertown, 92 miles; Wnhpeton, Dak., to Moorhead, Minn., 43 miles; Church's
Ferry. Dak., to Pt. Johns. Dak., 55 miles; Carman to Fosston, Minn.,
45 miles; small Ijranehei", 15 miles; total owned, 2,799 miles. Proprietary lines D. W. A P. R'y, Watertown, Dak., to Huron, Dak., 70 milesW. 4 8. F. R'y.Wtllmar, Minn., to Sioux Falls, Dak., 147 miles; M. C. R'y,
Band Coulee Junction to Sand Coulee, 14 miles; total, 231 miles; total
operated June 30, 1889, 3,030 miles.
This railroad company was organized May 23, 1879. The company had a land grant of 3,848,000 acres, and acquired the Minneapolis 4 St. Cloud 4RR. grant. 476,864 acres. The proceeds of land
ales areapp"'";'<-* miles. Leases. Culm ,i,a. bonds at or under 105.
>;
;
..-;
ndle*;
^2
TI--
ftn
i
ony, Kan.. 121
ere
4"
8')3
acres for
Wichita to Ellsworth, 107 miles; tot
wned antronnt rim. onTland
the track, of the AicLUon Topeka 4 Santa Fe
areuseSin.soJ ac??*.
" r cent in
;
J.
J.
J.
5
5
6
Last
Dividend.
do
F. "A" A. N.Y..
do
Central Trust Co.
July
5,
1887
1931
1,
4 O. N.Y., First Nat. Bank. Aug. 1, 1917
Oct.
J. 4 J. N. V., Central Trust Co. Jan. 1, 1914
M. 4 S.
do
do
Kept, 1, 1918
J. 4 D.
Dec. 1, 1900
New York, 40 Wall St. Nov. 1, 1888>
Q. F.
J. 4 J.
do
do
July 1, 1892
J. 4 J. New York and London.
July 1, 1909
A. 4 O.
do
do
Oct. 1, 1909
M. 4 N.
N. Y., 40 Wall St.
Nov. 1, 1910
J. 4 J.
do
do
July I, 1933
J. 4 D.
do
do
June 1, 1937
F. 4 A.
do
do
Aug. 1, 1898
J. 4 J.
do
do
July 1, 1922
A. 4 O N.Y.,40Wall;BoH.,LeeH April 1, 1908
J. 4 J. New York, 40 Wall St.
July 1, 1937
Q M. N. Y. Office, 35 Wall 8t. July 15, 1889
F. 4 A. N.Y., Winslow, L. 4 Co. Feb. 1, 1928
M. 4 N.
do
do
May 1, 1907
J. 4 J. N.Y.,8.M.8wenson4Son Jan. 1, 1918
J. 4 J.
do
do
July 1, 1926
A. 4 O.
do
do
Oct. 1, 1938
A. 4 O.
None paid.
Oct. 1, 1913
A.
-
-
I*
-
Range
Princi-
When Dae.
Slock*
>
210,000
500.000
5
7
263,500
20,000,000
7
366,000
4,480,000
l g
8,000,000
6g.
5.676,000
6g.
26.215.000 4>s4 6g
4 g.
7,468.000
5 g.
8,000,000
2,150,000
4,250.000
5 g
6 g.
6,000,000
5,500.000
1*
7,262,000
*
438,000
1,750,000
3,715,000
645,000
3,672,000
g
l
S'-annu
()
3>
Feb. 1 Moss N. Bk.,Sand'ky,0.
1,068,832
2.300,000
7g. I. A J. V. Y.. Union Trust Co.
1881,
Solid*
pal,
4 D J.Y.,Office,15 Broad St. Deo. 1, 1936
4
do
do
June 1, 1937
4 J N. Y., Central Trust Co. Jan. 1, 1897
4 N.
do
do
1, 1898
A J. N. Y., Fourth Nat. Bk. May 15, 1889
July
I
M.
2
J.
15 St
1918
Feb.
1889
1909
1,
Jan.,
in stock prioes since 1882 has been: In 1883, 91169>a; in
in 1S85,
in 1886, 106*124>s; in 1887,
;
in 1883,94114ia; in 1689 to Nov.22, iuclusive, 9291211*.
76i99;
94tj120 7g:
79%111
l
The consolidated mortgage
of 1683 is for $50,000,000, of which
$19,426,000 were reserved to pay prior liens. The inortg. on the Mon
tana Div., issued in 1887 and due in 1937, is for $25,OuO.Oi)0, to provide for extensions, $15,000 per mile being allowed for second track.
See abstract of mortgage in V. 45, p. 342 Central Trust Co. of
New York, trustee. The Collateral Trust bonds due 1898 were
Issued as per circular in V. 46, p. 228. and may be patd off at par
on three months notice; the Central Trust Company trustee. The
Eastern Railway of Minnesota runs from Hinckley northward 70
miles.to a point near Duluth; the mortgage covers equipment, terminals
and elevators. The St. Paul Minneapolis 4 Manitoba leases trackage
The Montana Central
rights till 1978, and guarantee* the bonds.
bonds are issued on severa marts 'V 46. p. 125) and are guar, principal
and interest by the St. P. M. 4 M. Co., whioh owns the M. C. stockIn October, 1889, an important ctrcular was issued by President Hill
(see V. 49, p. 435); the Great Northern Railway with $40,000,000
capital, of whioh $20,000,000 is pref. 6 per oent stock, is to lease the
Sr. P. M. 4 M. and guarantee 6 per cent on its stock: also to cancel the
$8,000,000 trust bond*, with prooeeds of * 20,000,000 pref. stock, to be
subscribed for at 50 by stockholders of St. P. M. 4 M.
Fisoal year ends June 30. Report for 1888-89 in V. 49, p. 651 655.
1885-86.
1886-87.
1887-88.
1888-89
Miles oper. June 30.
1.935
1,509
3,030
2,648
Total gross earnings $7,321,736 $8,028,448 $9,561,905 $8,586,566
Oper. exp. 4 taxes..
3,838,652
4,314,895
4,669,987
5,010,067
Terre Haute. Owns from East St.
St. Lonls Vandalla
Louis to Indiana State line, 158 miles. Road opened July 1, 1870.
It is leased to the Terre Haute 4 Indianapolis Railroad at a rental
of 30 per cent of gross earnings. In July, 1887, suit was brought by
the lessor company to declare the lease void, but Judge Gresham
decided In favor of its validity, and the case ha* been appealed
The first mortgage and $1,600,000
to the U. S. Supreme Court.
of second mortgage bonds are guaranteed by the lessees and also
Pitteb. Ciri. 4 St. L. RR. Stock, $2,379,358 common and $1,by the
544,700 pref.; par $100. Penn. RR. holds $837,000 1st pref. In year
ending Oct. 31, 1888, gross earnings were $1,622,710 net, $498,797;
rental to St. L. Van. 4 T. H., $486,815 less charges, $372,162, leaving
surplus, $114,662. In 1885-6 profit to lessee was $23,687; in 1886-7
profit $117,821; in 1887-8 profit $11,983. (V. 48, p. 68, 126.)
ninth. Line of Road. St Paul, Minn., to Duluth,
84. Panl
Minn., 155 miles; branches, N. P. June, to Clocquet, 6 miles; Rush City
Net earnings
to Grantsburg, 17 miles; Sandstone June, to Sandstone, 5 miles; leases:
Stillwater 4 St. Paul RR., 13 m. (for 999 years); Minneapolis 4 Duluth
RR., 13 m. (for 99 years from July 5, 1883); Taylor's Falls 4 Lake 8u
perior, 21 miles; Duluth Short Line (Thomson to Duluth), 18 miles (for
Receipts
99 years); total, 247 mile*. Between North. Paciflo Junction and DuNet earnings
luth, 24 miles, the road is owned jointly with the No. Paciflo.
The Lake Superior 4 Mississippi RR. was sold in foreclosure May 1, Rev.trom L'nd Dep't
Other receipt*
1877, and this company organized June 27. The preferred stock is
received in payment for lands at par. Three shares of common stock
of preferred has one vote. Preferred
nave one vote and each share
stock has a prior right to 7 per cent; then common to receive 6 per cent.
Dividends since 1876 have been: On preferred Da 1881, 10 stock;
In 1882, 3>o in cash; in 1883, 7; In 1884<is and 7 in pref. stock; from
1886 to 1888, 7; in If 89, 5>. On oommon In 1887, 3 and 15 In common stock; in 1888 and 1889, nil. The 2d mortgage covers the right to
leased lines, but not the land grant.
The company has a land grant, of which 1,076,331 acres remained unsold Dec. 31, 1688, and 67.340acresof the Taylors Falls branoh. In 1888
net receipts from land and stumpage sales amounted to $367,946.
Gross earuineS Jan. 1 to Mar. 31,1889, $215,497, against $241,962
In 1888; net, $24,809, against $2,3S0.
The report for 1888, in V. 48, p. 460, had the following:
1886.
1687.
1888.
Receipts
XLIX.
favor by gtvlnz Immediate notice of any error discovered In these Table*.
DESCRIPTION.
SL Louis
SUPPLEMENT.
INVESTORS'
;
,
November,
1889.]
&
KAILROAD STOCKS AND BONDS.
137
UK
I
INVESTORS'
SUPPLEMENT.
[Vol.
MAP OF THE
Bed Bluff
SAN FRANCISCO
Cabto
NORTH PACIFIC
R'Y
Fort Bragg
Sherwood Valley
Newville
OlimpQ
Little
r
>
Port
Vallejo
Manchester
lo pnenta
Arenas
I
Lake
^^
TEHAMAyky
"^
XLIX.
November,
JRAILEOAD STOCKS
1889.]
AND
BONDS.
137
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
Bonds PrinciDESCRIPTION.
INTEREST OR DIVIDENDS.
Miles
Date Size, or
pal, When Due
Amount Rate
For explanation of column headings, Ac, see notes
of
of
Par
per When Where Payable, and by Stocks Loot
on first page of tables.
Road Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Ban.Fran.it tTo.Pac
1st M.,g. ($4,500, 000),8.f.c*Ar
Savannah Americus
<t
c
Columbus & Rome
j
160
Montgomery 1st morts
Consol. mort..gold, $12,000 per Inile.$4,l00,000o ,
Savannah Florida rf West. -At. A G. oonsol. inort.o*
8o.Ga. A Flor., 1st Ms., end. by State of Georgia.o"
do
2d mortgage, gold
0*
Sav. Fla. A W., 1st mortgage, gold
Brunswlok & West. 1st M. guar.by S.F.AW.cMsr
Income bonds, non-cumulative
Savannah. & Western Columbus A West'n, 1st m..o*
1st
mortgage
c*
1st consol. mort., gold ($18,000 per mile) guar.o*
Betoto Valley 1st mort. (s. fund $13,000 per year) .
2d mortgage (sinking fund, $5,000 per year)
Consol. mortgage
BeaboarditRoa'ke 8tk.($244,200 is prf.gua.7p.c.)
Debentures, redeem, at will after Jnly 31, 1916. r
1st mortgage for $2,500,000
c*
Seattle Lake S. <t East. 1st M.,g., $25,000 p. m..*c
Bhamokin Sunbury <t Lewisburg 1st mort
o*
2d mortgage
o*
347
58
58
545
171
158
50
367
98
98
124
110
'81
90
31
M
31
29
28
255
255
255
BhorcLinet Oonn.J -St'k,7ip.ct.rent.N.Y.N.H.&H.
"49
49
Val. & Potlsville&>ock, guar, by Nor. C.
1st mortgage, gold, on road and lands
o
Shenandoah valley 1st
General mort.. gold (lien on $1,560,000 1st K.b'ds.)
3d mortgage income bonds, non-cum
r
Car trus i certificates
o
Bhamokin
.
1st mortgage
BAreveporl Houston
<
1st, g. , guar,
by H. E
.
A W. T.
1889
$1,000
500
1885-6
40
1889
1867
1869
1S69
1884
1888
1888
1881
1884
1889
1876
1879
1880
1886
1886
1886
1882
1884
1,000
500 Ac
1,000
1,000
1,000
500 Ac.
1,000
1.000
1,000
1,000
500&C
1,000
1.000
100
100 Ac.
1,000
1.000
1,000
1,000
50
1871
1880
1881
1883
500
&c
1,000
1,000
1,000
"iob
1880 lOOO&c
1881
1,000
Ohio Co. to renew for terms of 20 years each. It is operated as Lake
Erie division of the Baltimore A Ohio system. Rental Is $201,850. fn
'88-89, gross, $1,177,519; net, $283,177; profit to lessee, $58,041.
San Francisco A North Pacific. (See Map.) Point Tiburon,
to Ukiah, Cal., and branches, 160 miles.
Connects with
San Francisco c5 miles) by company's steamer.
Bonds Issued at
32 5,000 per mile; trustee, Mercantile Trust Co., New York; sinking
fund, $25,000 per annum, and bonds drawn (or purchased) at 110 ana
interest. [See abstract of the mortgage in V. 49, p. 241.] Capital stock.
6,000,000; no floating debt.
Earnings in 1887, $693,399 gross and
t286,336 net; gross in 1888 on 130 miles, $727,170; net, $246,139.
James M. Donahue, President, Saa Francisco. (V. 48, p. 800.)
Savannah Americas A Montgomery. Owns Louvale to
Abbeville, Ga., 110 miles, narrow gauge, of which 60 miles, Americus
to Louvale, is being made standard.
Road to be extended 25 miles
Cal.,
easterly to a connection with E. Tenn. Va. A Ga. This was formerly the
Americus Preston A Lumpkin. Of the 1st mort. bonds $100,000 are a
on 38 m. the others cover extensions, being a second lien on the
first lien
,
38 m. Thenewconsols.arefor$4,100,000<.\tercantileTru8tCo.of Baltimore, trustee). In '88 gross earn's were $100,541; net,$41,501; deficit
line (only a few months in operation), $508. :V. 48, p. 369,764.)
Savannah Florida
Western. Owns from Savannah, Ga. to
Chattahoochee, Fla., 258 miles branches Bainbridge Junction to Bainbridge. 9 miles; extension to Savannah wharves, 1-70 miles; Junction
Branch, 4 miles; Dupont to Gainesville, 118 miles; Thomasville to
Albany, 58 miles; Thomasville. Ga., to Montlcello, Fla., 24 miles i
Waycross to Jacksonville, 75 miles; Fort White, Fla., to Lake City, Fla.,
20 miles total, 569 miles. In Jan., 1888, control was purchased of the
Brunswlok A Western Road. Brunswick to Albany. 171 miles, with bonds
as above, the first mort. bonds being guaranteed. The Metropolitan Trust
Co., of N. Y., is trustee of thi mortgages. The 8. F. A W. stock is $6,In 1887 gross
161,400, (par $100) and dividends are paid as earned.
earnings were $2,675,526; net, $423,037. In 1888 gross earnings, $2,853,030; net, $669,302 surplus over charges, $260,773. In Men., '89,
paid 4 per ct. dividend. H. B. Plant, Pres't, New York. (V. 49, p. 235)
on boat
A
;
;
;
Savannah A
'Western. Owns from Birmingham, Ala. (connec-
tion with Kansas City Fort Scott A Memphis), to Americus, Ga., 223
miles; Columbus to Greenville (nar. gau ). 50 miles; Opelikato Roanoke,
37 mile* Eufaula to Ozark, 60 miles; total, 370 miles.
This was a consolidation in Aug., '88, of the Columbus A Western and
other roads. Road belongs to the Central of Georgia system. Stock is
$5,000,000; par,$100; majority is owned bythe Central of Georgia. The
oonsol. mort. (trustee, CentralTrust Co., N.Y.) is for nominal) v $18,000,000, of which $5,000,000is outstanding and $1,560,000 held in trust
for prior liens; abstract of mort. In V. 49, p. 240 principal an! interest
is guaranteed by Central RR. & Banking Company of Georgia.
In 188889 gross earnings were $530,168; net, $87,485. Presid't, Gen. E. P.
Alexander, Savannah, Ga. (V. 47, p. 218; V. 48, p. 729.)
Duanesburg. From Quaker Street Junction,
Schenectady
N. Y., to Schenectady, N. Y., 14 miles. Leased In perpetuity to the
Del. A Hudson Canal. Rental, $30,000 per year. Stock, $100,500.
Schuylkill Valley. Owns from Palo Alto to Reevesdale, Pa.,
11 miles; branches, 8 total, 19 miles. Leased to Phila. A Reading RR,
for 999 years from 8e>t. 1, '61, at 5 p. ct. on stock. Has no bonded debt.
Scioto Valley. Owns from Columbus, O., to Petersburg, O., 131
miles. Stock $2,093,350; par $50. Receiver (Jas. Robinson) was appointed In June, 1885, on a judgmentof C. P. Huntingtonfor $639,305.
In May, 1889, an agreement was made for settlement; the mortgage
;
A
;
* J. N Y. and Frankfort. Jan. 1, 1919
A J.
Americus, Ga.
1905 A 1906
A J. Baltimore Agency. July 1, 1919
A J. N.Y.,H.B.Plant,ASavan July, 1897
|* M. AN.
do
do
May 1, 1899
M. & N.
do
do
May 1, 1899
A. & O.
do
do
April 1, 1934
J. A J. N.Y.,12W.23d st.,ASav. Jan. 1, 1938
$4,000,000
350.000
1,200,000
1.730,000
7
464,000
200,000
7g
4,056,000
3,000,000
3,000,000
6
800,000
6
200,000
5,000,000
5g.
7
1,294,000
7
283,000
553.000
7
1,302,900 5 on com
6
690,000
5
650,000
2,250,000
6<r.
5
1,000,000
6
500,000
3
869,450
2,000,000
7g.
2,270,000
4,113,000
!*
2,209,000
620,109
1,000,000
200,000
4ifl
400,000
6g.
J.
J.
J.
J.
None rtd.
Irredeemable.
A" J. N.Y.,Kess'r&Co.54 Wall Jan. 1, 1911
J.
J.
A J.
do
do
Jan., 1914
M & 8. New York.KesslerACo. Mar. 1, 1929
A J. Last paid July, 1884. Jan. 1, 1896
A. A a Last paid April, 1884. April 1, 1894
J. A J. Last paid July, 1884.
July 1. 1910
M. A N. Balt.,Farm.APlant. Bk. Nov. 1, 1889
F. A A.
Portsmouth, Va.
Aug. 2, 1916
T. A J New York, Bait. A Phila.
July 1, 1926
F. A A.
N.Y., Union Trust Co, Aug. 1, 1931
M. A N. Phila., Phil. A Read.RB. May 1, 1913
F. A A.
do
do
Feb. 1, 1924
F. A A
Phila., Penn. BR, Co.
Aug. 1, 1889
J. A J.
do
do
July 1, 1901
J. A J,
Last paid Jan., 1885.
Jan. 1, 1909
A. A O
Last paid Oct., 1884. April 1, 1921
.
J.
Feb. 1
Q.-F.
A
M. A
J. A
J.
Noue
Jan.
paid.
1,
1923
Phila., Fidelity Tr. Co.
J.
S.
N. H., Nat. N. H. Bank
J.
<t>
do
July, 1889
do
March, 1910
July 1, 1914
a branch from Mission, a point on the main line, down to the
boundary
meet the 8. L. 8. A E., making a through rail connection for the
Canadian Pacific with the entire railway system of the Pacific ooast.
There has also been completed 49 miles on the eastern end of the line,
from Spokane Falls to Dapenport. At Spokane Falls connection is
made with the Union Paoiflo system at a Union depot jointly owned by
the two companies. Office in N, Y. at 35 William street,
Shamokin, Sunbury A Lewisburg. Line from Bhamokin to
West Milton, Pa., with iron bridge over Susquehanna, 31 miles.
Leased to Philadelphia A Reading till July 20, 2883, and used for ooal
traffic northward. Stock, $1,000,000: par $50.
Shamokin Valley A Pottsvllle. Line of road, Sunbury, Pa., to
Mt. Carmel. Pa., 27 miles: branch to Lancaster Colliery, 2 miles; total
29 miles. The road was leased February 27, 1863, for 999 years to the
Northern Central Railway Company, with a guarantee of taxes, interest
on the bonds, and 6 per cent on the $869,450 stock (par $50) of whioh
$619,400 is owned by North'n Central). Pa. RR. owns $605,000 7 per
cents. Gross earns, for 1887, $387,025; net, $202,469. Gross earns, for
line to
i
,
1888, $409,677; net. $195,636. Geo. B. Roberts, Pres't, Philadelphia.
Shenandoah Valley. From Hagerstown, Md., to Waynesboro and
thence to a connection with the Norfolk A Western road at Roanoke.
239 miles and branohes 17 miles. A close contract for working and ah
exchange of stock for Norfolk A Western stock was made in 1883. In
March, 1885, Sidney F. Tyler was appointed receiver. Foreclosure
is pending and litigation has been complicated.
A reference to the
nages of Chronicle indicated below will give the various changes.
Stock $3,696,200 (par $100), of whioh $3,057,100 is held by the Nort A
West. RR. Co.
From Jan. 1 to Sept. 30 (9 mos.) gross earn's were $681,773, against
$620,412; deficit, $9,494, against deficit of $10,742.
In 1887 gross earnings were $902,862 ; net, $129,316. In 1?88 gross
$831,948; net, $49,976. (V. 48, p. 190, 292, 490, 543, 580, 729,856.)
Shore Line (Conn.) Line of road, New Haven, Conn., to New
London, Conn., 49 m. Leased to N.Y. A New Haven RR. Co. in perpetuity
Nov. 1, '70, at $100,000 net per annum. Dividends generally 7 Jfl per
oent yearly; in 1889, 7M per cent. Operations and earnings are Included in the reports of the lessee.
Shreveport A Houston. FromShreveport, La., to Logansport, La.,
40m.; connects with Hous. East. A W. Texas road, forming with that anar
row gauge line of 230 m. from Shrevep' t to Houst'n. E. L. Bremond, Pres.
Silver Springs Ocala A Gulf. This road is projected from
Palatka, Fla., to Point Pinellos on Tampa Bav, about 250 miles,
and completed to Homosassa, 50 miles. Stock, $2,500,000, par $100.
There Is a land grant of 1 3,840 acres per m. of which the mortgage covers
4,000 acres perm. Thos. C. Hoge, President, 56 Wall St
South Carolina. Owns from Charleston to Augusta, 8. C, 137 m.
branches to Columbia, 68 m., and to Camden, 38 m.; extension, 4 miles
total mam line and branches, 247 m. Road sold in foreclosure July 28,
1881, and on Jan. 1, 1889, the company defaulted again. Foreclosure
suit under 1st mortgage is pending, and plan of reorganization was
given in V. 49, p. 174, but some first mort. bondholders opposed this,
and in October, 1889, D. H. Chamberlain was appointed temporary reoei rer. There were on Deo. 31, 1888, $178,000 old 5 per cent 1st mortgage extended bonds, payable 1892, and $8,000 7s, due 1907, In addition to those above. The stook is $4,204,160.
The annual report for 1888 was In the Chronicle, V. 48, p. 555.
INCOME ACCOUNT.
-
,
1885.
1886.
1887.
1888.
$
$
$
$
bondholders were offered certain terms for their bonds and a new
Receipts
Gross earnings
is to be formed with $5,000,000 common stock and $5,000,000
1,151,840
1,120,060
1,217,392
1,269,031
company
8ee V. 49. p. 342
first mortgage 100 year 4 per cent bonds.
Total net income . ..
358,427
159,858
320,683
237,454
From Jan. 1 to Sept. 30. 1889 (9 mos.), gross earnings were $476,017, Interest on aebt, Ac
391.641
387,250
382,544
404,226
In 1887
net, $136,686, against $107,978.
against $500,457 in 1888
def. 24,117 def. *27,392 def. 70,aoo def. 6d,772
In 1888 gross $665,927; Balance
toss earnings were $789,123; net, $173,126.
Bet, $146,804. (V. 47, p. 562; V. 48, p. 463,764; V. 49, p. 52, 342, -(V. 47, p. 140; V. 48, p. 68, 190, 463, 555, 689; V. 49, p. 115, 174,
;
435.1
A
Roanoke. Owns Portsmouth, Va., to Weldon and br.
Seaboard
K. C. 81 miles; leases Roanoke AT.R. RR.29 miles. Also has acontroiling
Interest in the Raleigh A Gaston R -c. 109 miles, and thus in the Raleigh
A Augusta Air Line 107 miles and Carolina Central 269 mile-; also
controls Plttsboro RR. 11 miles and Carthage RR. 11 miles; total of
all 618 miles. Of the stock, $1,058,700 is common, $200,000 is 1st
pref. 7 percent guar., and $44,200 is 2d guar. The debentures above
After Aug. 1, 1916, they are
are to be included In any 2d mort. Issued.
payable at will as a whole, or in 10 per cent instalments.
The Georgia Carolina A Northern, in which this company is interested, is ucuer construction, and has been completed from Monroe to
471, 617, 654.)
South Florida. Owns from Sanford to Tampa, Fla., 115 miles;
Bartow Branch, 17 miles; Pemberton Ferry Branoh, 56 miles operates Sanford to Lake Charm, 18 miles total, 207 miles. The road Is
In 1888 gross
part of the Savannah Florida A Western system.
earnings, $328,884; deficit under operating expenses, $72,819.
;
South Ac North Alabama. (See Map of Louisville <t NashOn ns from Decatur, Ala., to Montgomery, Ala., 182 miles,
with a branch of 6 miles from Elmore to Wetumpka. The road Is
controlled by the Louisville A Nashville RR. Company, which owns a
majority of the stock and all of the second mortgage bonds ($1,960,000,
due 1910) which are pledged with the Union Trust Co. as security for the
louisville A Nashv. bonds, dated June 1, '80. Common stock, $1,469,082;
Chester, 8. C, 45 miles.
In year enriing June 30, 1889, gross earnings on road proper, 113 pref. stock, $2,000,000 (all pledged under Louis. A Nash, collat.
miles, $683,4-8; net, $271,072; other income, $77,476; total, $348,548; trustof 1882); par $100. Inyear ending June 30, 1889, gross earnings
surplus over fixed charges, $223,376: from which paid dividends (10 were $1,839,330; net, $353,364: def. under Int. and sink, fund, $225,536
South Pacific Coast (Narrow-gauge). Owns from Alameda
per cinti, $114,420; surplus over dividends and interest. $132,618.
J. M. Robinson, President, Baltimore, Md.
(V. 46, p. 539, 678, 827; V. to Santa Cruz, 87 in.; branches, 23 in.; total, 110 m. The road is leased
for 55 years, from July 1, 1887, to the So. Paciflo Co., which company
49, p. 435.)
Seattle Lake Shore A Eastern. (See Map.) Line operated guarantees the bonds. Trustee of mort. is Fanners' L. A Tr. Co. The
from Seattle to a point beyond Bnoqualmie Falls, 70 miles. In course stork is $6,000,000: par $100. Gross earnings in 18.88 $1,193,805 net,
of construction north from SnohomUh Junction to a connection with $v85,7',0. In 1887 gross earnings were $925,235 net, $362,186. (V.
ville.)
;
;
Canadian Pac. at the International boundary line, 101 miles of 45, p. 113; V. 49, p. 540.)
South Pennsylvania. Theline wasmprogress between Harrisb. A
which 25 miles are <ompiited. Expect to complete this nonhern
extension during the coming summer. The Canadian Pac. are building Pittsb., 225 m., making a west'n ex tension of the Phila. A Read 'g system
ttie
18S
INVESTORS'
SUPPLEMENT.
[Vol. iLlX.
Movehbbb,
EAUEOAD STOCKS AND
1889.]
BONDS.
139
Subscribers will confer a crest favor by giving Immediate notice of any error (Uncovered In these Tables.
Bond*
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
Amount Rate
of
of
Par
for explanation of column headings, Ac, see notes
per When Where Payable, and by
Road. Bonds Value. Outstanding
first page of tables.
on
Cent.
Whom.
Payable
Silver Sp. Ocala dt Oulflit, l.gr., g. ($15,000 p.m.)o*
South Carolina 1st mortgage, sterling loan
1st consol mortgage (for $5,000,000)
2d consol. mortgage
Income mortgage bonds (not cumulative)
o*
o*
o*
South Florida-lit, mort. ($12,000 per mile)
<t No. Alabama
1st M., endorsed by Alabama.
1st M., s. f., $103,740, not dr'n; guar, by L. A N..
2d mort. bonds s. f. $20,000 (owned by L. A N.).
So.
50
247
247
247
247
189
189
189
189
189
110
o
Consol. mort. (for $10,000,000), gold
let M., g.,guar. (s.f. begins 1912). c
South Pennsylvania 1st mort. (for $20,000.000).
Southern Cent. (N. X.) Consol. mort. convertible. o 114
Southern Pacific OOMPANT-Btock ($150,000,000) 5,931
384
South. Pac. of Arizona 1st M., g., guar. cp. or reg.
South. Pac.tCal.) 1st M., e.. land gr., s. f, not drn.o* 1,042
o'&r 1,227
Gen. mortgage, gold (for $38,000,000)
8. Pacific Coast
1888 $1,000
1868 Various
1881
1,000
1881
1,000
1881
1,000
1885
1,000
1870
1,000
1873
*200
1880
1.000
1886
1,000
1887
1.000
. .
.
So. Pac. Br. 1st mort. sinking fund in 1897
Stockton A Copperopolis 1st M. g. (guar.by C.P.)
cAr
Southern Pacific of N. Mexico 1st M., gold
Southwestern ( Qa.) Stock, 7 p. c., guar. Cent. Ga
Southwest Pennsylvania S. ck
1st M, lapsing s. fund, $5,000 yearly, not dr'n.-.r
Spokane Falls <t Northern lit M.,$-O,000p.m.,g.o*
Spuytcn Duyvil <t P't or. Stock, 8 '/ gu. N.Y.Cent.
o'
Slate Line <t Sullivan lit mortgage
Blalen Island 1st mortgage
c*
Btaten Island Rapid Tran. lstM.,$or*
2d mort. endorsed by B. & O. cp. or reg., gold
M
93
45
167
333
89
89
87
6
25
13
All.
Incomes, gold (non-cam.)
Suburban Rapid Transit Stock ($3,600,000)
1st mortgage bonds (for $6,600,000)
Summit Branch (Pa.) Stock
.
1886
l'.d'ob
20
50
Southern Central (N. If.) Owns from North Fair Haven, N.Y.
Pennsylvania State Line, 114 miles and branch 2 m. The Lehigh
Valley leased this road from Jan. 1, 1887, for 975 j ears, without any
guaranty of interest, and it Is operated by the Pa. A N. Y. Canal Co. The
consol. 5s are convertible into stock at option of holders witii n ten
years, and $100,000 are held In trust to retire $90,000 of 7 per cent
prior bonds due in 1899. Six coupons from Aug. 1, 1886, inclusive were
funded into income bonds. Stock, $1,774,950; par, $100. In 1887-88,
gross earnings were $491,943; loss, $12,103 ; in W-87. gross, $482,482;
net, $23,394; deficit under interest, taxes and rentals, $182,827.
This corporation was organized
Southern Pacific
Aug. 14, 1884. under the laws of the State of Kentucky. It holds most
of the stock of the Southern Pacific of California and the other railroac't
aonnectlng with it to New Orleans, and leases each of those roads; also
has a lease of the Central Pacific for 99 years.
In March, 1889, notice was given of an increase in the stock to
$150,000,000, authorized. (See V. 48, p. 423.) The stock owned by
the Southern Pacific Co. Deo. 31, 1888, and the percentage of net
of the whole system payable under the lease to the several
Catscompanies were as follows:
or
So. Pac. KR. Co. of California, $58,914,900. 26 1* percent; So. Pae. RR.
Co. of Arizona, $19,992,500, 12 per cent; So. Pao. RR. Co. of Now Mexico,
86,886,300, 4 per cent; Mor. L. A Texas RR. A SS. Co., $4,062,700, 22 H
per cent;
per cent; Gal. Harris. A San An. Ry. Co., $26,309,900, 16
Texas A New Orleans Ry. Co., $1,997,500, 7 per oent; Louisiana Western RR. Co., $3,310,000, 3ij per cent; Mexican International RR. Co.,
$4,172,100; New York Texas A Mexican, $605,000; South Paoiflo Coast.
$6,000,000; Total, $120,159,900; Gal v. Har. A San Ant., West. Dlv.,6s.
$1,110,000; total stock and bonds, $141,908,700.
From Jan. 1 to Sept. 30,1889 (9 months), gross earnings on the whole
system were $33,1,06,802, against $34,022,455 in 1888; net, $11,214,385, against $12,658,678.
The annual report for '83 was in Chronicle V. 48, p. 761, 765. Barn'sof
to
COMPANY.
the whole system includ'g SS. lines, in '87
and '88, were as below given:
Gross earnings
Operating expenses
1887.
1888.
5,576-04 Uiles 5,93200 Miles
$37,930,162
$46,699,615
22,712,198
30,708.676
Earnings over oj erating expenses
Rentals receivec
$15,217,963
574,691
$15,990,939
566,196
Total surplus
Rentals paid
$15,792,654
$1,937,310
1,022,263
$16,557,135
$1,405,263
768,091
$2,959,573
$12,833,081
703,203
$2,173,354
$14,383,781
1,583,575
$13,536,281
12,501,323
$15,967,356
14,757,987
$1,034,961
$1,209,369
Add
other receipts
Total
Disbursements
Balance
5 g
-
J.
J.
A.
N.Y., 56 Wall Street
Dos.
Stock*
Lot*
Dividend.
July
1,
1918
Coup. Apl.'89, purch's'd Oct.
Last paid July, 1888
Jan.
Jan.
1,
1,
1.
1920
1931
1931
1918
1890
1903
1910
1936
1987
London.
On demand.
Jan. 1,
N. Y., 50 Exchange PI. Jan. 1,
London, Baring Bros. May 1,
N. Y.. 50 Exchange PI. April 1,
N. Y., 50 Exchange pi. Aug. 1,
N. Y., So. Pao., 23 Br'd July 1,
(t)
200&C.
3,299,800
100 128,076,200
79-; 80
1.000
10,000,000
75-'82 500 Ac. 33,332,500
1888
1,000
7,253,000
1887
3,145,000
1875 500 &0.
500,000
1881
1,000
4,180,000
100
5,147,500
50
998,850
1877
1,000
900,000
1889
1,000
1,740,000
100
989,000
1879 100. Ac.
300,000
1873
1,000
300,000
1883
1,000
1,000,000
1886
1,000
2,500,000
1885
1,000
4.500,000
641,865
p. 690; V. 48, p. 128, 160.)
Balance surplus
A J.
A J.
A O.
J. A J.
6
Yearly.
J. A J.
6
!* J. A J.
6g. M. AN
6g. A. A O.
F. A A
5
J. A J.
6g.
1882
After various phases of litigation, In 1889 the Vanderbilts bougntout
the other parties interested at the reported price of 60 cents on the
dollar, and little has since transpired concerning the property (V. 47,
Taxes
$3,000,000
83,092
4,883,000
1,130,000
2,538.000
2,256,000
391,000
4,496,920
1,960.000
2,971,000
5,500,000
Prtnci-
pal, When
761, 765, 800, 855, 856; V. 49, p. 52, 471.)
Southern Paelflc of Arizona. This is the connecting line of the
South. Pacific of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. The bonds consist of Series A $6,000,000, due 1909, and 8eries B. $4,000,000, due 1910. Operated under lease
to Southern Pacific Co., the lessee pay ing all charges and also 12 per oent
(V. 48, p. 428, 663,
of the net profits of the whole Southern Pacific system.
From Jan. 1 to Sept. 30 (9 mos.) gross earnings in '89 were $1,354,126,
against $1,594,141; net. $409,482, against $296,925.
In 1887 gross earnings were $1,756,519; net, $702,787. In 1888,
gross, $2,099,140; net, $277,236. (V. 44, p. 370.)
Southern Pacific (of California). {See Map.) Line of Road.
is the title of a consolidation May 4, 1888, of several lines in Califor-
This
company of the same name, which had been formed by
a consolidation G< t 12, 1870. Among the companies consolidated in
1888 were the following, having bonds outstanding: Southern Pacillo
RR. of Cal., Southern Pac. Branch KB. Co., Stockton A Copperopolis
RR. Co., (1,192 miles) and the following, whose bonds were retired
Ban I'sblo A Tulare, Pan Jose A Aliuaden, Pajaro A Santa Cruz. Monterey KB., I. os Angeles A San Diego (118 miles). The total mileage
completed nt the close of 1888 was 1,520, of which 242-5 miles were
leased to and operated by the Atlantic A Pao. RK. Co. /There is considerable iijileaire ;u ejected and under construction. The whole is leased
to the Southern Pac. Co., which owns nearly all the stock, the lessee
paying the Interest, Hied charges, betterments and additions, any surplus being divided according to fixed proportions with the other parts
of the through line between Sen Franolsco and New Orleans.
Stock and Bonds. The authorized stock is $90,000,000, rar $100, of
which 5!t,2:i2,S00 Is issued and held mostly by the So. Paoiflc Company.
The old So. P bonds above are in series A, B, C, D, E and F, of which A
nia, including the
:
f.'a'a.
2 s
g
-
5
%*
J.
A.
A.
A.
3i
J.
J.
J.
5
M.
7
6g.
F.
% e
6
-
g.
6
J.
J.
3.
A.
7
6g. A.
i g
-
J.
AD. Savannah A Macon.
A 8 Philadelphia,233 So. 4th
do
do
A A.
A J N. Y., Chase Nat. Bk.
A J. N.Y., Gr.Central Depot
A J. S Y., Union Trust Co.
A O. S.Y., foot Whitehall St.
A O. N. Y., Lond. A Glasgow.
A J. N. Y., Of., WhitehaU St.
do
"is"
M.
4.010,350
3
F.
1,
1922
N.Y.Bo.Pae.Co., 23 Br'd Mar., 1909-10
A O. N.Y.,So.Pao.Co.,23 Br'd 1905-6 A 1913
A O.
do
do
Oct. 1, 1938
do
do
AO.
April 1, 1937
do
do
A J.
Jan. 1, 1911
A J N. Y., 23 Broad St.
Jan. 1. 1905
6g.
(1)
Feb.
<>
A" J
A
A
do
N.
A. Pbila.,233 So. 4th
June
21,
Sept. 30,
Feb.
July
1889
1889
1, 1917
1, 1939
July, 1888
Jan. 1, 1899
April 1, 1893
Jan. 1, 1913
Jan. 1, 1926
Jan. 1, 1948
1936
St.
Feb. 16, 1876
Included $15,000,000 and B, C, D and E each $5,000,000, the balance
being in series F ; the bonds are issued at the rate of $40, 300 per mile on
road and lands, except the Colorado Division, which is bonded at S30j000 per mile. The series A, B, C and D mature in 1905-6, the series E
and F In 1912. The bonds are a mortgage on the lands, and as proceeds
of lands come into the hands of the trustees, bonds are purchased and
retired. There Is also a sinking fund of $100,000 per year. The new
mortgage for $38,000,000 is dated Aug. 25, 1888, to cover old line and
new roads acquired; trustee, Central Trust Co. See mortgage abstraot,
V. 49, p. 509.
Land Grant. The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bonds. The total lands unsold Dee. 31, '88, were estimated at 7,408,156 aores, but a large proportion of the lands is barren
and useless for agricultural purposes without irrigation. In '88 the net
sales were 169,419 acres for $140,560; land bonds redeemed, $902,000;
land notes outstanding Deo. 31, 1888, $3,185,341.
From Jan. 1 to Sept. 30 (9 mos.) gross earnings (both divisions) wore
$6,199,544 in 1889, against $6,519,878 in 1888; net, $1,949,423 in 1889.
against $1,924,418 in 1888.
In 1887 gross earnings of both divisions were $5,865,644; net,
$1,954,744; in 1883, gross, $9,576,658: net, $2,956. 150.
- (V. 47, p. 490, 594; V. 48, p. 855, 856; V. 49, p. 509.)
Southern Pacific of
Mexico. Owns Ariiona State Line to
Rio Grande bridge, 167 miles. Operwed under lease to Southern Paciflo
Company, the lessee paying all charges and 4 per cent of net profits of
the whole So. Paciflo system. Stock, $6,888,800 (par $100). From Jan.
1 to Sept. 30 (9 mos.) gross earnings were $705,2i5, against $756,122;
net, $263,933, against $211,413. Gross earnings in 1888, $1,003,638 ;
net, $307,732 in 1887, gross $735,736; net. $313,408.
Southwestern (Ga.) Owns Macon, Ga., to Eufaula, 144 m., and
branches 189 m.; the main one being from F't Valley to Columbus, 71 m.
Leased in perpetuity Aug. 1, 1869, to the Central RR. of Georgia, vhioa
assnmes the liabilities and guarantees 7 per cent on the stock, but 8
per oent is to be paid if 10 per cent is paid on Central stock.
southwest Pennsylvania. Greensburg, Pa., to Falrchanoe, Pa.,
44 miles, and branches, 45 miles; total, 89 miles. Opened April 1, 1873,
and leased yearly to Pennsylvania RR.. which operates it at cost, payPenn. RR. owns $704,850 of stock and
ing net earnings as rental.
$600,000 of bonds. An Inorease of stook from $1,000,000 to $3,000,was authorized in Nov., 1889. In 1888 gross earnings were
000
$843,649; net, earnings, $380,935. (V. 49, p. 654.)
Spokane Falls Be Northern. Under contract to be constructed
from Spokane Falls, Wash. Ter.. to Little Dalles on Columbia River, with
branch 130 miles, of whloh was opened in Oct., 1889, to Colville,87
miles. Mortgage covers entire property. Manhattan Trust Co., New
Yon, trustee of mortgage. 8tock authorized, $2,500,000 (par $100);
outstanding, $1,720,000. Treas., Alfred C. Chapin, 192 Broadway, N.
Y. Clty.-(V. 48, p. 369; V. 49, p. 301.)
Spnyten Duyvil Sc Port Morris. Road Is 6 miles in length and
connects the New York Central A Hudson with the New York A Harlem.
Leased to New York Central November 1, 1871, till Deo. 31, 1970.
Kental Is 8 per cent on capital stock of $989,000.
State Line A Sullivan. Owns from Monroeton, Pa., to Berenice,
Pa., 25 miles. Stock, $990,000 (par $50). The mortgage oovers 5,000
acres coal lands. The bonds were redeemable Jan. 1, 1889, but it was
agreed to reduce interest to 6 percent and extend them till Jan., 1889.
In May, 1884, this road was leased to the Penn. A N. Y. Canal A RR.
Co. for fifty years ; rental, $40,000 per annum.
Staten Island. Clifton to Tottenville, 13 miles. Capital stock
originally $210,000, par $15 per share, but being bought by company
for $65 a share this is now taken as par value, and whole amount as
$910,000. Leased to Staten Island Rapid Transit Co. for 99 years from
July 31, 1884, at $80,600 per annum.
Staten Island Rapid Transit RR. The line of road is around
the Staten Island shore, east and north sides, rrom Vanrferbilt Landing
(Junction with the 8. 1. Railway) to a point opposite Elizabethport, s.
It has a 99 years' lease of the S. I. Railway and controls the Ferries
J.
to N. Y. City. In November, 1885, the agreement with Bait. A Ohio
was reported for masing the terminals of that RR. Co. at St. George
by means of a brids e over the Kills at Elizabethport. The bridge
was completed in June, 1883. The B. AO. guarantees the 2d mors,
bonds of this Co.. and owns a majority of its stock of $500,000. Toe
income bon Is are held by the B. & O. and S. I. R. T. Cos., one-half eaob.
In jear ending Sept. 30, 18*9, gross earnings were $928,033; net,
$286,508: deficit under fixed charges, $4,777. In year ending September 30, 1888, gross earnings were $:I07,759; net, $305,162; surplus over
interest, taxes. reLtals, Ac., $2.i,l0. (V. 47, p. 140, 161, 803; V. 48, p.
190,590; V. 49, p. 145, 617, 688.)
Suburban Rapid Transit. This company has built a bridge
across the Harlem Kiver, N. Y. City, and is in operation to 171st Street,
N. Y., 'l*v miles. The line as laid out is 14-90 miles long. Little information has yet been obtainable concerning its finances. In July. 1886,
the Manhattan Elevated stockholders were offered the privilege or
taking its stock and bonds as follows: Each 100 shares of Manhattan
entitled to take 7 shares S. R. T. Co., and 7-10 of a $1,000 bond.
Stock issued Sept, 3<), 1888, $641,865; no bonds at that date. In year
ending Sept. 30, 1838, gross earnings were $118,857; net, $6,014.
Samuel B. Fllley, President. N. Y.
New
;
^
no
INVESTORS'
SUPPLEMENT.
|Tol.
XL1X,
November
1-S9.
KAILROAD STOCKS AND
BONLrtS,
INVESTORS' SUPPLEMENT.
149
[Vol. XLIX.
Subscribers will confer a great IkTor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles
Date
INTEREST OR DIVIDENDS.
8Ue, or
Bonds Pnnol
Amount Rate
Par
Of
per When Where Payable, and by
For explanation of column headings, Ac., see notes of
Cent.
Road. Bonds Value. Outstanding
Whom.
Payable
on first page of tables.
Summit Br. (Cont'd) lit M. bonds, sink, fund
Jgunb'ry Hasltt'nA Wilkesb -lst,8er.A.AB.dr.at lOO.c
cAr
3d mortgage. Income
Sunbury <t Lewislown-Stoak
C
1st mortgage
Suspension Brulgc <t Erie. Junction
Erie.
1st mortgage, principal A Interest guar, by
Byracuse * ValdwinsvtUc.litt mortgage, gold. ..r'
ay moii 11 Binghamlon <* AT. T. Stock
Oonaei. M. (| rin. and Int. guar, by D. L. A W.)..
Geneva <t Horning 1st mort., 8. f. 1 p. c.
mortgage
Syracuse Ontario <t Hew Tork 1st mort
2d mortg.. Income (for $ 500,000)
Tennessee Midland 1st mort., a., $20,000 p.m...c*
c
2d mort. Income, non-ouni. ($10,000 p, m.)
ttrrt Haute a Indianapolis Stock ($1,988,150).. ..
car
1st moit. (provided for by consul mort.)
Consol. mortgage for $2,200,000
Ttrre Ha'i'.t <t Logansp. 1st M., guar, by T. H. A Ind.
1st M. ,mi Logans toSonth Bend (2d on 93 m.), guar.
o
Terre Haute <t Peoria 1st mortgage, gold
o*
Texas Central 1st mortgage, gold
N. E. Dlv.. mort.. gold (2d on 177 miles)
o*
o*
General mortgage, (pledged)
Texas < N. Orleans of '74 1st mortg. land gr. .o*.fcr
c\tr
Sabine Division, 1st mortgage, gold
Texas
1.0W
20
43
43
43
43
1874
1S7K
1878
1876
500
23
7
81
1870
1886
1,000
81
1876
1875
1879
1883
1883
1887
1888
1,000
lOOAc.
1.000
1,000
1873
1885
1879
1883
1887
1879
1881
1884
1875
1882
1883
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1875
1888
1S88
1852
1,000
1,000
1,000
57
67
43
183
133
114
114
114
93
65
144
177
52
228
104
104
Facifl'ciieii stock,$5b7oo6*,dbo!!"""!"! 1,487
524
1st m., gold (Eastern piv.i, s. fd. red. at 100 .o
e* 1,487
1st consol. mort. for 25,000,000, gold
2doonsol.M., income, non-cuui.($25,000,000),g.c" 1,487
54
Tioga /?/?. 1st mnrtiraee. due 1882 and extended
1,000,000
160.000
2,500.000
1,966,000
823,000
600.000
900,000
500
100
NIL
1,000
1,000
2.468,000
1,061,001)
50
100
100
<t
.
$1,185,000
1,176.600
1,350,000
600,000
500,000
100 Ac
100 Ac.
50
500.4c
Summit Branch
1,988,150
1,600,000
000,000
500,000
1,000,000
1,800.000
2,145.000
1,254,000
2,286,000
1,620,000
2,075,000
584,000
38.706.70J
3,784,000
21,049,000
23,227,000
239,500
J.
6
pay
Due
lMt
Dividend.
M A
A6
J
(Mills.. 223 So. 4th St.
Jan. 1,
I Philadelphia, Penn. RR. Hay 1,
N.
do
do
May 1,
AO. Phlla.. Guar. T. A D. Co Oct. 1,
1904
1938
1938
1889
1890
m.'a's. N.Y.,Me.r'leTT.Oo. A Phil March 1,
A D.
do
do
June 1,
March 1
None paid.
Dec. 1,
M. A N. Phll..Newbold*88on ACo Nov. 1,
1905
2000
2000
1915
M
3
A
A J.
do
do
July 1,
A J. N. Y. Lake Erie A West. July 1, 1900
A J. July, 1888, last paid. July 1, 1936
D.
RR.
|* A. AO. N.Y., do L. A W. do Co. Aug. 27, 1889
7
Oot. 1, 1906
M. A N. K.Y.,Fanuers' L.A T.Co Nov. 15. 1906
7
MA 8. N. Y., Or. Cent Depot. Mar. 1. 1909
5
6
J. A D.
None paid.
1933
6
1983
M. AN.
New York Agency.
Nov. 1, 1937
When eami-il.
Jan. 1, 1938
S* J. A J.
8
F. A A. N.Y.,Fannere' L. ATr.Co Aug. 1, 1889
7
A. A O.
do
do
April, 1893
5
A J.
do
do
July 1, 1925
6
A J. N.Y.,Fanner6'L.ATr.Co. Jan. 1, 1910
6
A J.
do
do
Jan. 1, 1918
A 8. N. Y., Union Tr. Co. Mar. 1, 1937
5g.
<* N.
Last paid Nov., '84.
Nov. 1, 1909
St M. A N. Last paid Nov., '84. May 1, 1911
A N.
None paid.
Nov. 1, 1934
F. A A. N.Y.,S).Pac, 23 Broad. Aug. 1, 1905
:
M. A 8.
do
do
March 1, 1912
%* J. A J.
do
do
Dec, 1893
7
J.
7
J.
J.
Tt
J.
6 per cent and $3,240,000 com.; par $100.
(Pa.) This company's business Is almost entirely In mining coal; it leases the Lykens Valle> RR.. Milkrsburg to
20 miles, and has a small branch of its own to SumWilliamstown, Pa.,
mit Mines, % of a mile The road is operated by the Northern Central
under contract. Penn. RR. owns $2,190,100 stock and $500,000 bonds.
In 1887 gross earnings were $1,358,814; net. $128,260; surplus over
Interest, $45,310: deficit under Lykens Valley deileit, $55,051. In
1888 gross, $1,442,671; net, $202,489. (V. 46, p. 173, 228.)
Stocks
A
7
5
pal, When
off receiver's certificates
Ac
and
to furnish
The bonds were issued to
money
for steel rails, equip-
In year ending June 30. 18b9,ioss earnings were $323,153; net, $100,321; interest, $90,000; surplus, $10,321. C.W.Fairbanks, President. Indianapolis, Ind.
Texas Central. Line of road from Ross, in McLennan Co., to
Albany, Texas, 177 miles Garrett to Roberts, 52 miles total, 229
jiiles.
Is controlled in Houston A Texas Central interests, by which
TVIlkesbarre. Sunbury to Tomhlcken, tompany It is operated; but accounts are kept separate. The authorized
Siinbiiry Hazleton
Foreclosed March, 1878. Of 1st mort. $1,000,000 is stock is $1,000,000; total issued, $200,265. of which H. A T. C. holds,
Fa., 43 miles.
in interest
series A. Stock ($1,000,000) and $1^5,000 lets (series B) and $488,600 $50,000 Morgan Co., $75,000 directors, $5,300. Defaulted
incomes ateowned by the Penr. RR. which pays net earnings as rental. In 1885, and road was to be sold June 29, 1887, but delayed by an apAn order allowing the issue of receivers' certificates was appealed
Sinking fund for 1st mort. now draws about +8,500 bonds yearly at par. peal.
Gross earnings In lfet-8, $562,143; net, over expenses and taxes, against in 1889. (See V. 48, p. 160.) In 1888. gross, $249,599; deficit
under operating expensesand taxes, $17,125, against $32,132 in 1887.
$245,382; dividends (5 p. c), $50,000. J. N. Du Barry, Pres.. Phlla. (V.
-{V. 44, p. 495; V. 48, p. 160.)
48, p. 763.)
Texas
Orleans (of 1874). Houston, Tex., to
Lewintown. Selinsgrove Junction to Lewistowr, (8abine River), 104 miles; and Sabine City to Rockland, 104Orange
Sunbury
miles
Pa., 43 Kills. Leased for 99 years from July 1,1876, to Pennsylvania
total 208 miles. Belongs to the Huntington Southern Pacific system,
RR. for contingent Interest In net earnings, which in 1885 were $168,- together with the Louisiana Western. This was a reorganization, 1874,
268; In 1886, $123,536; in 1887, $156,709; in 1888, $123,619.
of the old Texas A New Orleans RR. The stock is $5,000,000, and
Erie Junction. East Buffalo Junotlen a controUi-jg interest is owned by the Southern Pacific In addition to
Suspension Bridge
above boi Is, there are $462,663 Texas School bonds.
to Niagara Falls and Suspension Bridge, 23 miles; Lock. A Buff. RR
From Jan. 1 to Sept. 30, it 1889 (9 inns >, gross earnings were $1,202,leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
It Is leased to N. Y. L. E. A West. RR. Co. at 30 per cent of gross receipts, 817, against $1,036,279 in 188 J; net. $420,615, against $278,495.
Gross earnings in 1887 were $1,267,563 net, $563,353. In 1888,
which are guaranteed to be not less than Interest on bonds, $70,000
500,000).
gross, $1,438,578; net, $424,664. C. P. Huntington. President, N. Y.
pet annum. Lessees own $203,000 of the stock
Texas Pacific. (See Map.) Owns: Eastern Division -FromTexBaldwinsville. Owns Baldwinsville, N. Y., to
Syracuse
Amboy, N. Y, on the West Shore Railroad about 7 miles. Stock is arkana to Fort Worth, via Whitosboro,244 miles; Texarkana Junction to
Fort Wort'\ via Marshall, 248 miles; Marshall to Shreveport, 40 miles;
$60,000 par $100. Default was made on coupons due Jan., 1889, and
foreclosure proceedings are in progress. In year ending Sept. 30, 1887, total eastern division, 532 miles. Rio Grande Division Fort Worth to
Sierra Blanco, 524 miles; Sierra Blanco to El Paso (Joint ;raok), 92 miles;
gross earnings were $11,196; net, $2,642; deileit under interest,
Gordon Branch to coal mines, 3 miles; total Rio Grande division, 619 m.
4,558. In 1887-8, gross, $15,782; net, $4,275. (Vol. 48, p. 129.)
New Orleans Division (Formerly N. O. Pacific RR.) Shreveport to N. O.
fork. Owns from Oeddes, and Baton Rouge Branch, 336 miles. Total of all, 1,487 miles.
Syracuse Blngbamton
N. Y., to Binghampton, N. Y., 81 miles. Chartered as Syracuse A Bins.
The Texas A Pacific was built under act ot
of Maroh 3, 1871,
namton and opened Oct. 18, 1854; foreclosed and reorganized April and other aots in 1872 to '74, and the laws of Congress
Texas.
BO, 1857, and controlled by Delaware Lackawanna A Western. In year
the company was reorganized pursuant to the plan in V. 43,
In 1888
ending Sept. 30, 1888, gross earnings were $908,084; net, $444,194; p. 164 and V. 45, p. 401, without having the Court confirm the sale in
surplus over charges and dividends. $83,473, against $109,048 in 1886- foreclosure made in Nov., 1887.
87.-(V. 45, p. 212; V. 46, p. 610; V. 47, p. 161; V. 49, p. 174, 617.)
At the reorganization a Land Trust was formed by the income and
Syracuse Geneva dc Corning. Owns from Corning, N. Y., to land grant bondholders, who took the land and issued certificates of
Geneva, N. Y., 58 miles, and Penn Yan to Dresden, 6 miles; total, 64 ownership, $10,369,410 of whioh are listed at New York Stook Exmiles. This road was opened December 10. 1877. and Is leased to change. (See V. 47, p. S3.) These are in the Supplement under the
" Miscellaneous
the Fall Brook Coal Co. at a rental of 33i per cent of its gross earn
title Texas Pacific Land Trust in
Companies," the raillugs. Stock is $1,325,000 (par $1001, of wnloh N. Y. Cent. A Hud. R. road company having no interest now In the land.
owns $662,600. besides $11 3,000 7 per cent bonds. In 1887-88 gross
Trustee of first mortgage of 1888 is Fidelity Ins. Tr. A Safe Dep. Co.
earnings were $676,197; net, $189,905 rental, $225,399; taxes, $7,- of Philadelphia; of second mortgage of 1888 Mercantlli Trust Co. of
878 deficit to lessee, $43,371. (V. 49, p. 579.)
N. Y. Unless full interest Is paid on income bonds after Maroh 1, 1892,
York. Owns from Syracuse, N. Y the income bondholders may take control. (See mortgage abstracts,
Syracuse Ontario
to Earlvllle, N. Y., 45 miles. The road was twice sold in foreclosure Chronicle, V. 47, p. 82.)
Range of stook prices since May 9, 1888, of new stock, have been
and reorganized under present name in 1883. The West Shore acquired
control of the property. Stock. $404.600 par, $100. In year ending In 1888, 18V26%; in 1889 to Nov. 22, lnoluslve, 17*3>23.
The first annual report since reorganization was in the Chroxicle of
30,1888, gross earnings weie $114,578; net, $16,043; deficit under
Sept.
March 9, 1889, p. 324, and reference should be made to that for details
charges, $79,318.
Tennessee itlldland. {Sre Mar.) In operation since July 1, of operation and financial condition.
1887.
1888
1889, from Memphis, Tenn., to Perryville, on the Tennessee River, 135
$6,374,386 $6,183,768
miles (of which 2-4 are leased), and under construction Perryville to Gross earnings
5,071.669
5,965,186
Nashville, 92 miles. Projected to Virginia State line (515 miles in all) on Expenses
a maximum grade of one per cent. Local aid to the extent of $600,000
.Net earnings
$218,582
$1,302,717.
has been secured between Memphis and Nashville. Operations for first
$315,913
Improvement acc't
$777,062
twelve months on an average of 112 miles showed gross earnings, New
332,544
equipinentt aoot
280,065
$173 600; net, $48,720. Stock authorized, $25,000 per mile; outstandINCOME ACCOUNT, 1888.
Trustee of first mortgage, Cent. Trust Co.. Net
ing, $3,1 10,000; par, $100.
from operation
$1,302,717
earnings
N. Y.-(V. 49, p. 227.)
Aid other income
130,936
Terre Haute
Indianapolis. Owns from Indianapolis to nil
Total net income
$M33,653
nols State Line. 79 m., with coal branches, 41 m.; total, 120 m. Leases
From which were paid
Haute A Logansnort RR., 163 m.; St. L. Van. A T. H., 158
Terre
$918,791
total. 461 m. Company leases also the St. Louie Vandalia A Terre Haute Interest on bonds
260,675
Road on Joint account with the Pittsb. On. A St. Louis RR., at 30 per Expenses prior to Dec. 1,1887
73,460
cent of gross earnings, but guarantees the first and second mort. bonds. Rentals, interest, discount, Ao
Balance applied to betterments
182,72 1- $1,433,653
In June, 1887, a controlling Interest in the stock was sold to Cincinnati
Hamilton A Daj ton, but pledged by II. S. Ives as security for loans and -(V. 47, p. 82, 83, 344, 532, 690; V. 48, p. 324, 327, 490, 502.)
payment of notes, and matter is now In litigation. In year ending
Tioga. State line junction. N. Y., to Hoytville, Pa., 61 miles, and
Oct 31, 1888, gross earnings $1,196,914; net earnings aud other re- Blossburg, Pa., to Morris' Run, Pa., 3 miles, of which Is leased Elmlra
ceipts, $312,752; interest and 6 per cent dividends, $261,289; loss on State Line Railroad, State line New York to Northern Central RailT. H. A L. lease was $64,372; detle It, $12,910. Dividends since 1876 way Junction, 7 miles; and A root A Pine Creek RR., Arnot June to
6 hsve been In 1877, 6 per cent; from 1878 to 18o4, inclusive, 8; from Hoytville. Pa., 12 m. Controlled by N. Y. L. E. A W. In 1888, gross
1885 to date at the rate or per cent per annum. (V. 46, p. 321.)
earnings were $332,692; net, $131,855; surplus over Interest, rentals,
Terre Haute
Logaimport. Owns from South Bend, Ind.. Ac. $66.." 86. against $57,845 in 1887. The stock is $391,200 common
to Roekville. Ind., 160 m.; leased, Rockville to Terre Haute, 22 m. Total and $189,700 preferred: par $50.
North ITIIclilgan. (See Map Owns
operated, 1 e>3 m. Formerly logansp. Crnwfordsv. A South w. which was
Toledo Ann Arbor
sold In foreclosure Sept. 10, '79, and reorganized under present name
From Toledo, O., to Copemlsh, 276 miles, and branches to South Lyon
Leased by Terre Haute A Indianapolis RR. for 99 years from Dsc, *79, at and Macon Stone Quarry, 10 m; total owned, 286 m. Leases Fi ank25 p. c of srross cam's, and first mort. bonds guaranteed liv that com- fort A Southeastern KR., Copemlsh to Lake Michigan, 23 m. Total oppany. Stock, $500,000; par, $50. Rental In 1 885-86, $119,759 loss to erated, 309 mi.ee. Stock is $5,300,000; par $100 car trust debt, $224,lessee. $89,482
Rental in '87-8, 1185,807; lost to lessee, $64,372.
445. The first mort. of '81 covers the South. Div., formerly called the
Terre limit" dc Peoria. ( <ee Map). Road operated from Terre Tol. A. A. AGd. Trunk RR.,aud the mortg. of '84 covers road between
Haute, Ind., via Decatur, to Peoria. 111., 173 miles, of which 144 miles Ann Arbor and St. Louis, Mich. The annual report for '88 was in V. 48,
are owned and 29 miles is by traokage over other roads. Formed in p. 588, 590, aud showed the following comparative BtatUtios for
Jan., 1887, as suecessor of the 111. Midland. Stock Is $2,160,000 pref. three years:
ments,
;
;
A
;
;
A New
A
;
A
;
(
A
A
A New
;
;
A New
,
:
&
m
;
:
A
A
:
\
)
;
Novembeb,
1639.1
RAILROAD STOCKS AND BONDS.
143
144
INVESTOKe"
SUPPLEMENT.
|Vol. XLIX.
November,
KAILKOAD STOCKS AND BONDS.
1889.]
MAP OF 1KB
%S
TOLEDO,
ANN ARBOR,
AND
NORTH MICHIGAN
1AILWAY & CONNECTIONS.
&/.
JonesvilleX/
"w
I
^
.--*"^
*r
VSi.ntli
South
Porte^,,.^ Bend
"-*-
u
X
Hi
*/
x
X.
Xt^Goshen
5
Stillwell
I
"P lymouth
Knox
c<"
e
t o*
Defi"lo
Peffa
J
'"i^JLwarsaw'
t,
^
,-^v
^^^oluninia City v
^^J^Z*
_
to
Honor.
T-
L.
iyMnaiaj^
Ft.Wa"yng
Denver^
*.
Cacy7\z.
fl'an "ttjert?
^
,SA2-J?WrtasS;
[Peru
fc
Templeton/
/
~__^>;
5^
'orest
Talion
KMt.Gileadl
Jl.-i
Portland
tford Cityj
Bellcfontainc
Delaware/
LuA
OXSidne
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-
_Cra
__Unj
Anderson
ifda v.
\
piiinc-Mi
Ucs
H
Piqua
s
I
ifford
rfc
itbabpn
k
V**'
jffWMiM
LafayeJJi
/G
v
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pringfie ld
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Oayion
Lancaster^
Xenia
Greencastle
_*
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i
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i
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^\
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INVESTORS' SUPPLEMENT.
MAP OF
Vol XL1X.
T1IK
TOLEDO & OHIO CENTRAL
EXTENSION RAILROAD
AND CONNECTIONS.
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November.
1889-
.RAILROAD
1
STOCKS
AND
BONDS.
147
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings, Ac, see notes
on first page of tables.
Tioga RR.i Continued.) Consolidated mortgage.
Extension bonds
Elmira State Line Railroadlst mort
Toledo Ann Arbor <t N. Michigan Stock
1st mort., South. Div. (T. A. A. A G. T.)
.
lBt mort., gold, Ann Arbor to St. Louis, Mich
c*
1st M. T. A. A. AMt. Pleasant R'j.gold
0*
IstM., ToL A. A. A Cadillac Ry.. gold
1st M., Tol. A. A. A L.
o*
moit. for $10,000,000 gold
Consol.
1st mort.,gold(tor $2,500,000)
Toledo Col. <* Cinn
Toledo it Ohio Central let mort. gold, interest guar
Car trusts, Series 1, 2 and 3
Toledo it Ohio Cent. Kxlens. Mar. Mineral 1st M..
T.A O.CentKxt.consol.M., gold, for $l,500,000.c*
1st M.. new (for $5,000,000) .c
Tol. Peoria <t West.
8crip for coupons in 1888 (payable at will)
L. it Kansas
1st M., g. (red. at 105)c
Toledo St.
Toledo Sag. it Muskegon 1st M.,g., $17,000 p.m. c*Ar
it Cuba 1st mort. ($500,000)..
Tonawanda Valley
Tucson Globe it .V.Ar.-lstM.,lov$2,600,00Og.,s.f..e*
Tyrone A CUarjieldStoci, 5 p. c. rental, Penn. RR.
1st mort ($100,000 cum.), sink, fund, not dr'n . r
c
Ulster it Delaware 1st mortgage
c
2d mortgage income bonds
United N. J. RR. it Canal Go's. Stock, 10 p. c, gu.
Gen. M.,1871, ster. loan, s.f. $36,920 yr not dr.g.c
M
C
do
do
do
s.f.
cur. loan,
$36,000 yr.notdr.g.c
$40,000 yr.not dr. r
s.f.
loans of 1901, gold
loan of 190?, gold
loan of 1923, gold
loan of 1929, gold
c
r
r
c.fcr
148
INVESTORS'
SUPPLEMENT.
Vol. XLIX.
November,
RAILROAD SIOCK.S AND BONDS.
1889.]
Subscribers
trill
confer a great favor by giving immediate notice of any error discovered in these Tables,
DESCRIPTION.
For explanation
on
of
149
Miles
column headings,
page of tables.
Ao., see notes
first
Union Pacific Stock
1st m., 30 year bonds gold, on road and equlpm't.
2am., currency (Government subsidy)
3d m. on road (2d on land) g., $A s. f.not dr'n.c&r
Omaha bridge bonds (s. f., drawn at 110)
o"Ar
do
do
renewal (s.f. not drawn)
e
Collateral Trust bonds, gold, s. f drawn at 105. c*
Collateral trust oouds of 1883, gold, s. f. not dr'n
CoUatTr. b'ds on DeD. L'dv.AGun. ($3,250,000)0*
Equip. bd(.,Ser. AAB, ii pitdyearly, not dr'n.c'
Kan.P.,con8.M.for $30,000,000,l.gr.,g.,not dr'n.c
do
1st M., Eastern Div.. $16,000 p.
do
1st M., Middle Div.,$16,000p.m., g..
.
m
do
2dM.(toU.8.Gov.)on 394m. W. Mo.R
do lstM.,Den ver Ex.,l.g.,2,568,586 acs.c*Ar
do
Income bds, 3d M.on 427 miles, coup.
V. Pac. Lin. < Col. 1 at m., g., gu. ($20,000 p. m.)0*
Vtiea<*Bl. Kr. 8t'k,7p.c.perpet. guar.byR.W.AO.
1st Mortgage
Black River A Morristown, 1st mortgage
Clayton A Theresa, 1st mortgage, guaranteed
Ogdensburg & Morristown, 1st mortgage
. .
.
c
c
c
c
Utica Ohen.<tSusq. Vat. 8t'k, 6p. c.gu. byD. L. A W.
Vtiea Clinton < Bingh'ton 1st M.,$30 >,000 ex 6s..
Valley (N. r.,) Stock, 5 p. c. guar, by D. L. A W..
1st mortgage (for $500.000)
o*
Talley ( Ohiol 1st mortgage, Clev. to Canton
Consol. mort. g., (for $4.000,000)s.f. not drn.o* A r
Valley (Ya.) 1st mortgage
Termonl <t Mass. Stock, 6 p. ct. guar, by Fitchb...
Bonds not mort. (guar, by Fitchburg RR.)
c*
Vermont Valley of 1871 Stook
1st M., with $">00.000 Su'. Co.RR. stocka?ool..c
ISO
I
f*
i
INVESTORS'
SUPPLEMENT.
Vol. XLIX.
November,
EAILROAD STOCKS AND BONDS.
1889.]
1.11
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by
For explanation of column headings, Ac, see notes of
of
on first page of tables.
Road. Bonds Value.
Cent,
Whom.
payable
ficksb. Shrevep. <t Pae. Prior lien mort., gold ...c*
1st mortgage, gold
- ..o*
3d M., and 1st M. on land, g., for $2,500,000... c*
Inc. bds..nonoum. (there arealso $127,000 old 6s)
Va. Jfidi'd St'ck($<!.d77,333 ownedby R.AW.P.T.)
Mort, 1st ser., 1st M.Alex, to Qordonsv.Abr.,97m.
2d series, (IstM. Cbarlot. to Lynch., 60m./
do
do
3d series, 2d lien on 60 m.; 3d on 97 m..
do
4th series, 3 per cent til March 1, 1891...
do
5thseries, 1st on 115 miles
do
189
189
189
362
97
157
157
157
272
75
347
347
28
6thseries
Gen '1 mort., Int guar, by R. & D., $l2,500,000.c j
do
prln. and int. guar, (endorsed)
Charlottev.A Rapid,(i'sed)lstM.,s.f.dr'nat 100. c"
Truekee Stock
irginiad
Wabas/i RR. Common stock
Pref. stock (7, non cum ilative)
1st mort., gold. sink. fund. i*>t dr. ($34,000,000) ,c 1,638
2d mort., gold ($U,1)00,00U;.
c 1,105
Deb. mort., inc., non-cum., St-r. A*B, red. at par 1,638
St. L. K. C. A No., 1st mort. (North Missouri)
353
do
real estate A railway 2d mort
388
do 1st M.on St. Char. Bridge,coup.or rg
do
do
2d
M
Louis Council Bluffs & O rnaha -1st
Louis Ottumwa & C. R., 1st mort
Boone Co. A Booneville 1st mort int. guar
St.
St.
,
Brunswick & Chillicotbe 1st more, int. guar
Ware River atook, 7% rental guar.999 yrs.B. AAlb.
42
143
22
38
49
1885
1881
1886
1887
$1,000
1881
1881
1881
1881
1881
1881
1886
1886
1879
100
100
100
100
100
1,000
1,000
Too
Ac
Ac,
&c
Ac,
Ac.
1,000
1,000
1,000
100 Ao
"ioo
100
1889
1889
1899
1865
1874
1878
1,000
1,000
1,000
1,000
1,000
1.000
1872
1887
1873
1878
1,000
100
100
$1,323,000
4,000,000
2,210,928
494,860
4,940,363
600,000
1,900,000
1,100,000
950,000
1,775,000
1,310,000
2.436,000
2,418,000
447,300
5,000,000
6 g. M.
6 g. J.
3-4-5 g. J.
A
A
A
N. N. Y., Central Trust Co.
J. N.Y., Farmers' UAT.Co.
Central Trust Co
J. N.
Y
4
6
6
6
3-4-5
5
5
5
5
6
6
A 8.
A S.
A 8,
A 8,
A 8.
M. A 8.
M. A N,
M. A N
J. A J.
M.
M.
M.
M.
M.
(J)
(I)
2 2,259,000
M. A N.
F. A A.
14,000.000
J. A J.
30,> OO.OJO
7
J. A J.
6,000.000
M. A S.
7
3,000,000
A. A O.
1,000,000
A. A O.
388, iOO
6
626,000
322,000 7to6to5 a.'a'o.
M. A N.
7
100,000
F. A A
6 to 8
301.500
3* J. A J.
750,000
?*
N.Y.,Rtoh.AD., 2 Wall.
l.V.>
INVESTOKS'
SUPPLEMENT.
Vol. XLIX.
November,
and bonds.
xvAaLKOAD stocks
1889.
133
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds PrlnelDESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal.When Doe.
Amount
Par
Of
For explanation of column headings, Ac, see notes Of
Rpte per When Where Payable, and by Stncks Last
Outstanding
on
first
pace of
Warren (!f.J.) Stock, 7
2d mortgage, now 1st
1st consol. mortgage
Road. Bonds Value.
tables.
% perp. guar.
D. L.
&
W...
Wash. City dt Pt.Lookout 1st M.bonds e. Alex. Br.s.f.
West Jersey Stock, $122,250 's 6 p. 0. "special"...
1st M., cum. sink. id. $12,500 yearly, not drn...
let consolidated
c
mort
o*
.r
o*
Consolidated mortgage...
Ocean City RR. bonds
Bwedesboro RR. bonds
Woodstown A Bwedesboro,
Salem
RR
1st
mort
*o
West Jersey & Atlantic Stock
1st M. Newfleld to Atlan. C.,33 m.,drn at lOO.cAr
Pleasantville A Ocean City, 1st mort
West Shore 1st M., guar, by N.Y.C.A Hud
W. Virginia Cent.
<t Pitts.
c&r
Stock
1st M.,g., ($25,000 p. m)
0*
c
Wesfn (Ala.) 2d
guar. Cen. 'a. and Ga.
Consol. M, gold. guar, by Cent. Ga. andOa. RR..C*
Western dt Atlantic (Ga) Income bonds
Western Maryland 1st and 2d pref. mortgages ....
M
RR
,
3d M., endorsed by Baltimore
4th mort. City of Bal'.imore stock
5th mort, bell by City of Baltimore, s. fd
Baltimore A Harrisburg RR., three 1st morts
Mort. (for $690,000)
1st M.West.Ext., gu by indors.<$l6,000p.m.).o*
18
18
18
12
209
38
63
128
16
11
11
"40
33
7
448
96
60
138
138
138
1855
1870
1875
1873
Cent.
$50
100
$1,800,000,
l",000
50
1866
1869
1879
500Ac.
500 Ac.
500 Ac
1.000
1868
1882
100 Ac
1,000
50
1880
1,000
1880 100 Ac
1885 l.OOOAc
100
1881
1,000
1870
1,000
1888
1,000
1.000
1873
90 58A68 oOOAc.
90 1870 500 Ac.
90 1872
90 1887
"32
15
1886
1888
1,000
7
7
bash Western.
The St. L. Ott. A C. R. RR. was taken in by Wabash 'A West, in Nov.,
1887, and bonds were issued on the road bearing 7 per cent Interest
till Oct., 1889, then 6 till 1892 and 5 per cent thereafter.
The Boone
Co. A Booneville RR is leased to May, 1903. The Brunswick A Chillicothe was leased to St. L. K. C. A Nor. for 999 years. Its bonds bear 6
per cent interest till Aug. 1, 1900, then 8 per cent till maturity. On
April 1, 1887, the Eel River R8. was leased for 99 years (see that company.)
For the principal lines east of the Mississippi River a new plan of reorganization was made, dated Nov. 21, 1887, emb -dying parts of the
old pi in of July 15, 1885, and an outline of the principal features of
this plan was published in the Investors' Supplement up to January,
1839. This embraced the general plan of a foreclosure of theoldmortand the creation of a new first mortgage by the Consolidated
gages
ompany, payable in fifty years from November 1, 1887, bearing
5 ir cent interest in gold. Into this all the old first mortgage
bonds, funded debt and scrip pertaining thereto to be convertible.
A new second irortgage upon the lines east of the Mis issippi River,
bearing 5 per cent interest tn gol 1. Into this the principal or the bonds
of all the oil second mortgages, the oonsolidateds of 1867 and tae
sevens of 1879 to be convertible.
The Chicago Division was foreclose! March 11 and the other lines on
May 15, 1889, and an organization was made pro forma until July 29.
1889. when the consolidation was perfected between this company and
the Wabash Western under the new title of "Wabash Railroad Company," with mileage as above stated, andstooks aid bonds as given in
the table above, and with the following Directors: James F. Joy, Ossian
D. Ashley, Thimas H. Hubbard, Edgar T. Welles, Silney Dillon. James
F. How, Charles M. Havs, George J. Gould. 8. C. Reynolds, John T.
Terry, Russell Sage. Officers: Ossian D Ashler, PreJdent; James F.
Bow, Vice-President and Treasurer; Edgar T.Welles. Vioe-President;
M. Hays, General Manager, and J. C. Otterson, Secretary.
about $52,000,000, of which
about $24,000,000 Is pref., having a preference of 7 per cent perannum
The bonds
aon-cumulative, ana about $28,000,000 Is common.
are as given In the table above, ant abstracts of all the mortwere published in the Chronicle of August 31, 1389, V. 49, pp.
fages
70-273. The first mortgage covers lines both east and west of the
Mississippi, and enough bonds 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 bends $3,500,000 are series A (pre
ferre din respect to interest payments only) and $26,500,000 series B
Ttiere were certain roads acquired free from mortgage which were
pledged by the Purciaslng Committee to the Central Trust Co. in trust:
(1) To repay any unpaid advances made by the Trust Co. during reorganization, and to provide for any deficiency in funis to pay interest on certlflcat-s for bonds deposited.
(2) To pay debts against the Receivers
or Purchasing Committ e not otherwise provided for. (3) And after
the foregoing are sat -lie 1 the p-oceeds of these railroads and the
Home. A Shen. bonds, when sold, form a sinking fund to purchase the
first mortgage bond* at 105; but the bonis cannot be drawn.
These
roads were at that time the Des Moines A Northwestern, 115 miles;
The capital stock
Is
i
Des Moines
A
St.
S\
67;
L.
A
Springfield, 71;
Louis,
Jerseyvllle
Springfield 4 N. W., 44; Peoria Pekln A Jacksonville, 75; Attiea CovA South., 15; Champaign A South a<t., 12- total, 339 miles; and
mortgage bonds of the Hume'ton A Shenandoah Riilway to the amount
of 81,^4^.1,00. ( The Snrln sr deli A Northwestern and the Peoria Pekln
Jacksonville, 119 m. .were disposed of before July,'89, leaving 279 m.j
ington
A
Okkkations, Earnings, Ac The annual interest charge on the firs t
and second mortgages will be about $2,615,000, and the debentures
81,800,000 per year when earned (but not cumulative), making
the eharv.-s ahead of preferred stock about $1,115,000.
For the whole combir ed syste
of roads east and west the earnings
reported monthly show from January 1, 1889, to Sept. 30, 1889 (9
monthsi, itross earnings of $3,068,705, against $3,484,439 In 1888;
call for
r.
net earnings, $1 ,160,520, against $908.63.~> in 1888.
The earnings and Income account fir the past two calendar years of
the lines east of the Mississippi River operated by the Receiver, and of
all the lines operated by the Wabash Western were as follows
:
1889
Oct.,
3>s
6
7
6
6
7
6
Oct. 15, 1900
M.
March
4
m.'a's. Phil. Office, 233 So. 4th.
M. A S. Phila., Fidelity I. T. Co.
J. A J. Phila., Penn. RR. Office.
J. A J. N. Y., Gr'd Cent. Depot
Bait Co.'s Office.
1905
1913
1888
Sept. 16,
Jan., 1896
Oct.. 1899
Nov. 1,1909
Aug., 1925
Deo. 1898
May 1, 1912
1.
.lime, 1,
1889
1910
July 1, 1910
4
Jan. 1, 2361
1
March 1,1889
6g. J. A" J. N\Y.,T. H.Davis A Bait. Tuly 1, 1911
A. A O. N.Y.KesslerACo.54Wall Oct. 1, 1890
8
do
do
Oct. 1. 1918
4^1 g. A. A O.
10
Oct.. 1890
Atlanta, Co.'s Office.
Q-J.
2>9
6
6
Sept. 16,
Sept. 1,
,
A J.
A J.
A J.
A J.
3>4
Various
"5"
M. A N.
5g- M. A N.
6
Jan., '90
J.
6
6
J.
J.
J.
A '95
Jan., 1900
do
Jan. 1, 1902
do
Jan. 1, 1927
Bait., Company's Offices, 1892, '95 A '99
do
do
Nov. 1, 1936
do
do
May 1, 1938
Balt.,N. Meohanios' B'k
do
do
^-Unes east of Miss. B.^
Wabash Western.
1887.
1888.
1887.
1838.
$6,902,109 $6,553,362 $6,518,062 $5,779,583
4,784,359 5,380,188 4,680,121 4,398,392
Gross earnings
Operating expenses
.
.
Net earnings
$2,117,750 $1,173,174 $1,837,938 $1,331,191
7,282
7,980
52,980
106,922
Total net income
$2,125,032 $1,181,15 1 $1,890,918 $1,483,113
653,268
419,231
592,357
394,006
Other inoome
Taxes,r'nts,OArtrust8,Ao.
Balance.
on bonds and rentals
Int.
$527,881 $1,496,912 $1,068,882
916,733
925,497
$1,532,675
$1,532,675 $527,884 $580,174 $143,385
473, 626; V. 43, p. 68. 100, 190, 261, 325, 327,
333, 369, 389, 420, 556. 663, 689, 730, 829; V.49, p. 23, 145, 236, 270,
Surplus
(V. 47, p. 42, 327, 382.
301, 403, 435, 654, 690.)
Ware River. Palmer, Mass., to Winohendon, Mass., 49 miles. It
leased for 999 years to the Boston A Albany Railroad at a rental of 7
per cent per annum. J. A. Rumril!, President, Springfield, Mass.
Is
Line of road, New Hampton Junction to Delaware
The road is leased in perpetuity to Delaware
at 7 per cent on stock and bonds. John I.
Blair, President, Blalrstown, N. J.
Warren, N.
J.
Bridge, N. J., 18 Lj miles.
Lackawanna A Western
Washington City A Point Lookout. Hyattsville, Md., to
Shepherd, Md., 13 miles. This road was opened In 1873. Leased in perpetuity to the Baltimore A Ohio for $36,000 gold p u- annum, being Interest on debt (assumed by. B. A O.), and $3,000 for an accumulative
sinking fund -no drawings. The stock paid in is $1,000,000.
West Jersey. Main line and branches Camden to Cape May
Brldgeton, Riddleton, Bea Isle, Ocean City, Ac, 179 miles; West Jersey
Atlantic Railroad., 40 miles total, 219 miles operated.
Sinking fund of $12,500 yearly for bonds of 1896 is invested in company's bonds and $598,250 were so held Feb. 1, 1839, Including the
$100,000 Ocean City RR. bonds and $100 000 Salem RR. bonds above.
D vidends since 1830 have been In 1881, 4; from 1882 to 1834, inclusive, 3 and 3 scrip; from 1885 to 1887, inclusive, 6; in 1888, 6>a;
in 188!, 7.
From Jan. I to Sept. 30, 1889 (9 mos ) gross earnings were $1,203, 910, against $1,241,766 in 188 net, $383,096, against $460,840.
The annual report for 1888 was published In the Chronicle, V. 48,
p. 526. Income acoount has been as follows:
A
;
:
;
income account.
1886.
$
Receipts
Gross earnings
Net earnings
Other reoelpts
'
Totallncome
524,624
513,815
$
$
$
$
39,098
41,745
130,174
90,081
89,140
6p. c.
39,154
182,343
90,652
89,142
6 p. c.
31,397
175,174
82,788
133,032
6>sp.o.
on West Jer. debt.. 175,174
81,990
Netearn.ofW.J.AA.BK.,Ao
Dividends
Rate of dividend
Miscellaneous
89,113
6
p. o.
529,250
....
Total disbursements....
Balance, surplus
p.
$
490,625
Interest
473, 611; V. 46.
West Jersey
1883.
$
1,286,012 1,352,453 1,469,215 1,556,033
503,274
492,958
476,627
501,902
14,008
21,350
20,857
27,348
Disbursements
Rentals paid
-(V. 45,
1887.
$
1885.
C
Stocks and Bonds.
A.
A.
6g.
Ac
The successive changes in the property
History, Organization,
since the first important consolidation of roads in 1856 under the name
of Toledo Wabash A Western have been as follows: The Tol. Wab. A
West was foreclosed June 10, 1876 and the Wabash Railway was organized Jin. 1. 1877, embracing most of the lines east of the Mississippi Riv-r between Toledo and East St. Louis. The St. Louis Kansas
City A Northern west of the Mississippi River was formed in 1871 as
successor of the North Missouri Road foreclosed In August, 1871. The
Wabash St. Louis A Paciflo was formed Nov. 7, 1879. by a consolidation of the above Wabash and St. L. K. C. A N. railroads and their
branches. In April. 1883, this Wabash St. L. A Pac was leased for 99
years to the St. L. Iron Mountain A Southern, on the basis of paying
over surplus earnings, and without further liability to the lessee. In
May, 3 884, receivers were appointed for the Wab. St. L. A P.. and the
road was foreclosed April 26. 1886, but there was litigation and delay,
the floating liabilities were large, and the original agreement could
not
be
carried
out.
Humphreys and Tutt were removed
as receivers and Thos. M. Cooley appoloted receiver for most of thelioes
of tie Miss. River and he was followed by John McNulta. The
east
lines west of the Mississippi were organized in March, 1887, as the Wa-
Dividend.
A O. N.Y., Del., L. A W. RR.
A O.
do
do
A S.
do
do
J. A D. Baltimore.Balt.A O.RR.
M. A S. Phila., Offloe,233 So.4th
J. A J.
do
do
A. A O.
do
do
M. A N.
do
do
F. A A.
do
do
J. A D.
do
do
M. A N.
do
do
3>
750,000
600,000
540.000
2,134,850
1,000,000
1,000,000
749,000
100,000
200,000
90,000
100,000
827,550
255,000
80,000
50,000,000
5,550,000
2,150,000
1,171,000
372,000
66,000
222,000
875,000
1,000,000
1,800,000
207,000
483.000
240,000
Whom
Payable
385,375
105,250
p.
191,
Atlantic.
509
401,140
123,484
J
48
401,291
112,524
427,489
101,761
V. 48, p. 526.)
Owns
Newfleld, N. J., to Atlantic City
N. J., 83 miles Pleasantville A Ocean City RR., 7 miles total, 10 miles
and operated by West Jersey Railroad on a
Opened June 17, 1880,
lolnt trafflo agreemont and 25 per cent of gross receipts on West
Jersey from trafflo of this road to bo applied to any deficit in interest
and then as sinking fund for bonds purchasable at 105, or drawn at
100,11 over 105. In 1887 netearnings were $78,456; in 1383, $32,787.
Sc
;
;
(V. 48, p. 291.)
West
Shore. Line of road from Weehawken, N. J., opposite N. Y.
City, to Buffalo, N.Y., with branches to Albany City and Roohsster City,
about 448 mile9 in all. This company was organized in December, 1885.
as successor to the N. Y. West Shore
Buffalo, sold in foreclosure.
lease of the West Shore property to the New Vork Central
Hudson
for 475 years was executed incompliance with the plan of
Company
reorganization in 1835. The $10,000,000 of stock is owned by the New
A
A
A
York Central Company in consideration of that company's guarantee
and interest of the $50,000,000 of new bonds. The mart
of the principal
154
SUPPLEMENT.
INVESTORS'
[Vol.
XL1X.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds PrlnoiDESCRIPTION.
INTEREST OK DIVIDENDS.
Miles Date Site, or
pal.When Due,
Amount Kate Dei
For explanation of column headings, Ac, see notes
of
of
Par
Where Payable, and by Stockt Last
Outstanding
on tint page of
Wtttern
If.
T.
Road. Bonds Value.
tables.
d Pennsylvania -Stock ($30,000,000)
1st mortgage ($10,000,000), gold
2d mortgage
do
e*
on equipment, etc.), gold
o*
do
Income scrip, red. at opi'n
Warren * Franklin, 1st mortgage
Wtttern North Carolina 1 st mortgage
o
1st consol. mortgage, gold ($12,500 per mlle)..o*
2d consul, nuirt. ($15,000 p.m.)
(1st
Wtttern Penntylranialtt M., Blalrs. to Butler
1st mortgage. Pittab. Br., Freeport to Allegheny.
Consol. M. for $5,000,000 g., guar., by Pa. RR..0*
White Water 8tock ($325,000 of It pref.)
Wheeling 4 Lake Erie.Pret. stock, 6 p. c, not cum.
1st mortgage, gold
o*
1st M.. Wheeling I)iv..$ .V
(2d on 186 miles).. c'
Toledo Kelt Ry., 1st mortgage, guar
Exten. A Impr. mortgage for $1,906.000
Wilm. OUum. <t Aug. Stock, 6 p. c, guar. Wil.AWel.
1st mortgage
o
Wilmington <t North. 1st M., 20-40's ($1,000,000).
Wilmington <t Weldon Stock
Sinking fd. oils., g., provided for by gen'l mort.o*
Gen'l mort for $4,000,000 ($12,000 per mlle)..o'
Cert, of indebtedm bs. uou-cum., income
Special Trust ocrtldeates
1st M., $18,500 p. m. gold...o*
Winona * .South
Witcomin Cent. Co. 1st M. for $12,000,000, g..c
,
gold, for $9,000,OJO..o
Wisconsin A Minn., 1st mortgage
Minn. S'. Croix A Wisconsin, 1st mon gage
Terminal mortgage notes
Improvement mortgage notes
Dividend.
N.Y., Bk. of New. York.
Paid 2>s scrip Oct, '89
None p ltd.
N. Y. Ollice, 35 Wall St.
Jan. 1, 1937
Oct. 1. 1927
After 20 years
Feb. 1, 1898
100 $19,724,344
ese
630
630
630
50
130
200
290
60
28
98
65
187
187
50
1887
1887
8,700.000
6g. J. A J.
20,000,000 te.arftM. A. A O.
81 1 722
A. A O.
5
800,000
7
P. A A.
7
M. A N.
850.000
6 g. J. A J.
2,675,000
A. A O.
6
4,110,000
A. A O.
6
790,000
6
J. A J.
435,000
J. A D.
3,000.000
l!
1,300.000
"i"
3,600,000
Q.-P.
3.000,000
Bg. A. A O.
1,500,000
5g. J. A J.
500,000
"o"
(t)
3
J. A J.
960,000
J. A D.
6
1,600.000
J. A D.
5
500,000
J. A J.
4
2,500,000
J. A J.
930,000
J. A J
2,260,000
A. A 0.
7
2,500 000
380.000
6
A.AO.
555,000
8
8 927,000
J. A J.
A. * O
6,405,1^17
5 g A. A O.
8 0,000
6
212,000
8
400,000
8
215.000
1,000
1,000
1865
1875
500 Ac.
UM
1884
1,000
1,000
1863
1865
500Ao.
100 Ac.
368
1,000
L886
L889
1,000
1.000
1
100
100
6
227
100
1880
1887
1,0C0
1885
1,000
l.OuO
500
10O
I*
100
W
Income bonds, non cum
Whom.
Cent.
1999
1887
1887
1880
1884
All
All
54
1,000
l.ooo
1,000
1890
1914
1914
Penn. RR. April 1, 1893
Philadelphia,
do
do
Jan. 1, 1896
do
do
June 1, 1928
Ralei.'h. N. C.
N.YI{ioh.ADan. 2WalL
N.Y .Cent.Tr.Co.ALona July
West Va. Central
ic
Pittsburg A
coal
and railroad company
in
Vest Virginia in the upper Potomac region the Elk Garden Coal Field.
in operation from junction near Piedmont, W.Va., to Eikins,
Randolph Co, W. Va., 84 miles; branches to Mineville, Elk Garden, etc
m. Leases Piedmont A Cumberland RR.. Piedmont to Cumberland,
16
29 m.; total operated, 129 miles. Owns 32,244 acres of coal and lumber
lands covered by the first mortg., and has mineral rights on 5,407 acres
more.
From Jan. t to Oot. 31, 1889 (10 months), gross earnings were
$620,071, against $540,337; ncl, $195,936, against +167,838.
In 188" net profits (coal and RK.) were $181,764; surplus over fixed
charges, $86,878. In 1887, net profits on coai sales, $51,982 net from
railroad, $71,394; total net revenue, $123,376; interest paid. $68,560;
surplus, $60,635. Flrtt dividend, 1 p. c, was paid March 1, 1889. H. G.
Davis, Baltimore, President. (V. 46, p. 480, 610; V. 48, p. 129.)
,
1928
1.
Part each year
July 10, 1889
June 10. 1010
1907-1927
WUm.,N.C..Co.'s Office. July 15, 1889
1896
N.Y..Bnst..Lond.. Frank
N. Y. Bait. A London.
1935
Wilmington, N. C.
N. Y. and Baltimore.
Co.'s Offlce.Wilni.
A Del.
Baltimore.
N.Y.,
Walker
J.
N.Y.. 36
rt'all
A
A Sons.
1. 1928
1. 1937
1, 10.17
April 1, 1910
1. 1915
April
Boston July
July
No coupons paid.
Boston.
May
Aug 1895
,
Sept.
1.
1906
The report for 1887-88, was in the Chronicle V. 49, p. 98. and gave
the earnings for ten months only, from Dec. 1, 1887 as below.
1886-7.
Gross earnings
Operating expenses
Net earnings
Deduct
Rentals
1887-8.
10 monUi.
$2,250,229
1.832,563
$417,666
A
Owns road
1,
1,
N.Y., Office, 40 Wall St. Nov. 15, 1889
Oct. 1, 1926
N.Y., Mercantile Tr. Co.
1
gage is made to the Union Trust Co., as trustee, and covers the line of
road, Weehawken to Buffalo with branches. 44s miles in all, and also
the terminals at Weehawken by ownership of all the stock and bonds of
Hudson
the Terminal Company. The guarantee of the N. Y. Cent.
Is absolute as to interest and principal and is endorsed on each bond.
July
Oct.,
-
1880
May
10 month*.
$2,567,938
$52,971
65,624
47,479
$lo6,o74
$58s.4S9
329.704
$258,785
Taxes
Insurance, interest,
Ac
Net income for 10 months
Interest on 1st mortgage bonds
same period
Surplus
(V. 46, p. 76, 173.
;
1.13.373
$751,564
198. 201, 245, 353, 413. 538, 539, 803; V. 47,
109,161,278; V. 48,
p. 70,
98, 222, 389; V. 49,
p.
p. 23-.)
Western North Carolina. f See Map of Richmond <e W. P. Term.)
Owns from Salisbury, N. C, to Paint Rock, Tennessee State line, 190
Western Alabama. Line op Road Selma to West Point, 138 m miles Asheville to Jarretts, 100 inUes total, 290 miles. Under oon
Was a consolidation in 1870 of Montgomery A West Point and West- slruoiion Jarretts to Murphy. The road was financially embarrassed,
ern of Alabama. Sold May 10, 1875, in foreclosure and purchased aud wae purchased April 17, 1875, by commissioners for the State of
Jointly by the Georgia Railroad and Central Railroad of Georgia In North Carolina, and subsequently finished by the Rich. A West Point Ter.
8ept., 1888, the consol. mortgage for $1,543,000 (Metropolitan Trust By. A Waijhouse Co. In May,'86. leased to the R. A D. for $134,980, inCompany, New Yoik, trustee) was Issued to retire bonds falling due, terest ou bonds. 8tock, $4,000,000 common and $4,000,000 pref. The
1,171,000 bonds being reserved to retire 2ds. due Oct., 1890. In second cons, mortgage for $4,110,000 and $1,325,000 of the let consols,
?888-89 gross earnings were $4S3.709 net, $139,363; uirplus over are deposited to secure the collateral trust of the Rich. A W. P. Term.,
;
;
;
fixed charges, $22,647. Stock, $3,000,000; p*r, $100, of which $1,500,- which oompany also owns $3,168,300 common and $3,168,300 pref.
000 is owned by Cent, of Ga.
stock; $850,000 of 1st consols are reserved to retire the 7 per cents.
Iu 1887-88 gross earnings, $629,379; net, $85,222; deficit under
Western
Atlantic Atlanta, Ga., to Chattanooga, Tenn., 138
In year ending Sept. 30, 1887, gross earning
miles. Built by State of Georgia and opened in 1850, and by an act of eharges, $99,633.
$660,599: net, $84,350; interest (not including any on bonds held by
October 24, 1870, was leased to a company for twenty years at a monthly
rental of $25,000. Gross earnings in 1888, $1,315,736: net over ex- R. A W. PL Term.), $160,741 ; deficit, $76,392.
Sept. 30, '88, there was dueothereompanies,$l,248.016. (V. 46, p. 699.)
penses and taxes, $441,284. (V. 49, p. 270.)
Western Pennsylvania. Owns from Bolivar to Butler. Pa., 70
Western Maryland. Link of Road Baltimore to WlUlamsport
branch to Allegheny City, Pa., 28 miles; total. 98 miles. Anew lease
Md., 90 m. Leases-Bult. A Cum. Val. RR. and extension; Edgemont to
Bhippenshnrg, Pa., 34 miles; Bait. A Harris. RR., Emory Grove, Md., to to the Pennsylvania Railroad for 50 years was made in 1883; rental net
29 nines; Hanover Juno, to Ortanna, Pa., 32 miles; earnings. The Pennsylvania Railroad, lessee, owns $1,753,350 of the
Valley Juno., Pa.,
western exten., Ortana to Fairfield, 5 miles.and operated branches, 19 $1,775,000 stock (par $50). The oonsol. mort. bonds of 1888, guaranteed
miles; total, 209 miles. The Baltimore A Harrisburg was leased in Nov., by Penn. RR., replaced old five peroeuts; $1,225,000 bonds are reserved
lor prior bonds. Gross earnings in 1887, $1,434,655; net, $529,241;
1886, for 99 years.
The stook is $684,700; par. $50. The oompany has been largely assisted Gross in 1888, $1,470,258; net, $570,127. Dividends have been: In
1885, 6 per cent; in 1880, 9; in 1887, 3; in 188 1, 6. (V. 46, p. 481.)
by the oity of Baltimore.
Of the Bait.
Harrisburg RR. the West Md. owns a large amount of
White Water. Valley Junction, O., to Cambridge City, Iml., 65
the $659,050 (par $50) stock; of the issue of $690,000 bonds, $207,000 miles. This was formerly the White Water Valley, sold in foreclosure
are keld In trust to pay off prior morts In 1888 a new mort was issued May 2, 1878, and reorganized under this title. In year ending April 30,
to extend the B. A II to Blue Ridge Summit. Md., 15 miles.
1889, gross earns, were $96,153; net, $6,651, against, net $2,601 la
Fisoal year ends Sept. 30. Report for 1887-88 was in Chronicle, V. 1887-88. Eujah Smith, President.
47, p. 708. Operations on main line and B. A C. V. RR. (and including
Wheeling Lake Erie. Owns Toledo, O., to Bowerston, O., 174
also Bait. A Har. in 1887-88) have been as follows : 1886-7, gross
and branch to Huron, O., 12
Wheeling Div.; Bowerston to
earnings. $659,434; net, $261,109; in 1887-9, gross, $771,210; net. miles,
Martin's Ferry, opposite Wheeling, 42 m., and branches, 8 m. Sold in
$290,684; betterments, $107,233. -(V. 47. p. 708; V. 48, p. 490; V.
and reorganized in July, 1886, with stock of
foreclosure April 23, 1886,
49, p. 270.)
$3,600,000 ($100 shares), which in March, 1888, was made a preferred
'Western
York
Pennsylvania. The [line of road Is 6 per cent non-cumulative stock, common stock fjr $3,500,000 being
Buffalo Division Buffalo, N.Y.. to Emporium, Pa., 121 miles., Larabee, authorized. Dividends on pref. stock have been In 1888 3 per cent; In
Pa., to Clermont, Pa., 22; Pittsburg Division Buffalo, N. Y., to Oil 1889, 4. Mortgage oi 1888 for $1,500,000 was issueii to extend the road
City, Pa. 136 ; Titusville, Pa., to Pioneer. Pa., 9 ; Olean, N. Y., to to Wheeling from Bowerston, O., and the contractor pays the interest
Oil City. Pa., 116 miles; Oil City to Newcastle, Pa., 66; Tryonville on this till Jan., 1890. It Is proposed to issue an improvement and exto Union City, 17 miles. Rochester Division Rochester.
v., to Hins- tension mottgage for $1,900,000 (of which $500,000 to be reserved to
dale, N. Y., 99 Oleun, N. Y., to Bradford, Pa., 26; Bradford, Pa., to letire the Toledo Belt bonds and the remainder for extensions and
Klnzua. Pa., 26; Eldred to Tarport. 18 miles; Genessee Valley Ter. RR., equipment), and also $2,500,000 stock. Annual report for 1888-fc9 was
8 miles; total operated, Sept. 30, 1888. 658 miles, of which 36 miles in Chronicle, V. 49, p. 653. In year endiug June 30, 1889, gross earnare leased. The 8 wain's Branch, owned 11 miles, is leased to L. A PRE. ings $870,495; net, $302,158; surplus over interest and taxes aud diviBranch to Johnson burg on PhlL A Erie.
dend paid (4 p. ct), $7,225.-1 V. 46. p. 371, 538, 650; V.47, p. 139, 325,
This company was organized Nov. 22, 1887, as successor to the Buf- 563: V. 48, p. 38; V. 49, p. 653, 681.1
falo New York A Philadelphia (a consolidation of 1883), whloh became
Augusta. Owns from Wilmington,
Wilmington Colombia
embarrassed in 1884 and was sold In foreclosure Sept. 15, 1887. The
t> Columbia, 8. ('., 189 miles. Leases jointly with NortheastN.
plan of reorganization dated Feb.. 1886. was In the Chronicle, V. 42, p. ern C, C.
8.
RR., the Central RR. of South Carolina, Lane, S. C, to Sumter,
242. Of the old bonds all hut $900,000 Warren A Frankllu bonds ai e
8. C, 38 miles. Total operated, 227 miles.
retired, and for these first mortgage bonds are retained to pay them in
Road was sold in foreclosure, October. 1879. for $860,500, and com1896. The 2d mortg. bonds are second lien on the railroad and first
reorganized under present style. Dividends of 6 per oent yearly
to lease of terminals and
"on terminals, coal and equipment, subject
Kany been paid sinoe 18s 1.
avo
equipment to 1st mortg. bondholders If foreclosed" Till Jan., 1898,
In June, 1885. the road aud property of this company wore leased for
they bear interest at the rate of 3 per cent, but till 1 893 Interest may 99
years to the Wilmington A Weldon, the lessee to pay all interest and
be paid wholly or partly In scrip as follows: 1 per cent cash 4 scrip: 1 *s
dividend ou the stock, payable snmi-anu n*i|
cash scrip; 2 cash 2 scrip; 2Wj cash 1 scrip; or 5 per cent if paid all in fixed charges and 6 per oent
net receipts 4
*lly in January and July. In year ending Sept. 30, 1887,
sorlp; afterl898 the rate is 4 p. e. cash and, if earned. 7 per cent may
Income over Interest and dividends wat \
be paid, but after 3 per cent Tins be n n paid on second mortgage bonds, were $269 144 the surplus RR. of 8
deficit Central
0., $2,753; In 1887-89, gross *
the stook and seconds share alike. The scrip issued for interest bears $15,544; paid
over interest and dividends.
6 per oent interest, nun-cumulative, payable only if earned, is secured $779,999; net $240,648 surplus $48,499
(V.47, p. 801.)
by the coupons placed In trust therefor, aud Is duo 20 years from date
Northern. Owns from Wilmington Del.. Co
but redeemable at option. It is convertible into inoome debentures
Wilmington
also non-oumulative. and payable at option.
Trustee or 1st mort.. Blrdsboro, Pa., 64 miles; branches, 24 miles; total owned 87 mile*
Mercantile Trustee, of S.Y.; of 2d mort. Fidelity T. A 8. Dep. Co. trackage leised, 5 miles; total operated, 92 miles. This company
f Philadelphia.
was organized Jan. 18, 1877, as successor to the Wilmington A Reiulin|
(See mortgage abstracts. Chronicle, V. 47, p. It 9.)
Second mortgage coupons due in 1888 were paid in scrip.
RR. Co., which defaulted on its Interest and was sold in foreclosure Deo.
From Oct 1, 1888, to Sept. 30, 1889 (12 months), gross earnings were 4, i876. The mortgage for $1,000,000 was authorized to cancel exist8,88,658, against $3,061,565 in 1887 8; net, $687,322, agst. $856,133. ing debts and to pay for improvements; but only $500,000 can b Issued
A
-
m
:
A
A
New
m
;
A
:
N
;
A
.
;
;
|
A
,
,
November,
RAILROAD STOCKS AND BONDS.
1889.]
IAS
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
Miles Date
Size or
of
Par
For explanation of column headings, Ac, see notes Road
on first page of tables.
AC'n'l Bonds Value.
Wisconsin Cent. Co.
A
(Continued) -
c*
Minn, (leased) 1st mort., gold
do
income bones, p. cent, cum.
1st series, gold.c&r
Wisconsin Cent RR. Consol.
Con. M, 2d ser's. Income (not cumula've)gold.c*.fcr
Worcester Nashua
Rochester Stock
1st mort., issue of 1873, Worces. to Nashua .c"
do. do.
issue of 1875
c*
do. do.
issue of 1886
c*
Nash. ARocb.,lst m.(2dm.Worc toNah.46m.)c*
Zanes. <t Ohio Rice>
1st 31., gold, $25,000 p. in..C
Chic. Wis.
do
M
<
.
122
326
326
94
1885
1885
1879
1879
$1,000
500"
Ac
500&C.
M
100
(1873 500 Ac,
<1875 lOOO&c,
4S
80
1874
1S86
U886
1,000
500 Ao
100 Ac.
CANALS.
Chesapeake < Delaware Stock
1st mortgage (extended in 1886)
Chesapeake <t Ohio Maryland loan, sinking fund
r
.
Maryland loan, guar., sterling
Bonds having next preference
Repair bonds, Act 1878, first lien
Delaware Division 1st M. (ext'd 20 yrs. in 1878). o
Delaware & Hudson Stock
1st m. on property in New York State
r
Debentures secured bv Penn. Div. bonds
o*
1st M. on Pennsylvania Div. ($10,000,000).. cfcr
Schenectady & Duan, 1st mortg., Int. guar
li'.high Coal it Navigation Stock
1st mcanal.6,010 acres coal and 76 m. LAS. RR.r
lstm. Leh. ASus. RR. Mauch Chunk to Easton..r
2dMonCan.,CoaIARR.andlstM.Nant.RR.,26ni.c*
Cons.3dM.Canal,CoalA122m.RR.;2dM.26m.RR.
Greenw'd 2d on 1,254 acres coal land (ext'd,'77).r
General mortgage for $15,000,000, gold
r
14
14
184
184
184
184
60
686
14
339
124
46
196
196
209
1886
78'89
1858
$50
500 Ac.
500 Ac.
500 Ac.
500 Ac.
1,000
100
1871
1,000
1874
1,000
1877 1000 Ac.
1874 100 Ae.
50
Var.
1864
Var.
1867
1867 500Ao.
1871
1,000
1872
1,000
1884
1,000
CANAL AND MISCELLANEOUS' STOCKS AND BONDS.
136
Dubwrlben
Immediate notice of any error discovered In these Tables.
Bond* PrinciINTEREST OR DIVIDENDS.
of
Date Size, or
pal, When Doe.
Amount Rate
of
Par
When Where Payable, and by Stocks Last
Ro'dA
per
Canal. Bonds Value. Outstanding
Cent.
Whom.
Dividend.
Payable
Miles
explanation of column heading*, Ac, see notes
flrst
XLJX.
will coaler a groat favor by giving
DESCRIPTION.
on
[Vol*
page of
tables.
irorri#8tock,consol.,4p.c.gu. 999 yrs. by Lehigh V.
Preferred stock, 10 p. c gu. 999 yrs. by Lehigh V.
o
1st Mortgage
Pen ntylvania Stock
(ion. mortg., s. f., Interest guar'd by Penn. KR..0*
tehuylkill Navigation 1st mortgage, extended....
103
103
103
76-'8f>
1,000
316
316
1870
l.OOO
1,000
1,000
2d mortgage
Mortgage bonds, coup, (payable by P. A B.)
Boat and car loan, (payble by P. A R.)
Boat and car loan ( do
do )
touq veAanna Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
do
pref. and priority bonds
do
bonds of 1872, 4th mort
A A.
A A.
A O.
J. A J.
Q.-M.
J. A J.
A J.
M. A N.
M. A N.
A J.
A J.
A J.
A J.
100
50
L868
1804
1,600
1,000
1839
1869
1,000
1884
1872
1,000
100
Rrprent Stock
100
Bell Telephone Stock ($20,000,000 authorized)
Debentures ($2,000,000) red. at 110 aft J'ly 31, 1890. cAr 1888 500,Ac.
100
Amer. Tel.it Cable Stock, guar. 5 by West. Union
25
Am. Coal {Maryland) Stock
100
American Cotton Oil XVt<(~ Certificates
.
A.
132,200 {
1,000,000
74,000
40,900
14,000
12,000,000
13,712,100
2,000,000
14,000,000
1.500,000
42,185.228
|
500
Leh.Val.BB. Co., Phlla
do
do
do
do
F.
$1,025,000
1,175,000
1,000,000
4,601,200
2,738.000
9,676
107,3f9
136,000
*1<HI
233
Phlla.,
Aug.
Aug.
7,
9.
April 1,
1869
1889
1906
July, 1910
March, 1897
1882 to 1907
So. 4th St.
Philadelphia, Office,
do
do
do
do
do
do
do
do
Phlla. and Baltimore,
do
do
do
do
do
do
l
soft
May, 1913
May, 1915
Jan., 1933
Jan. 1, 1918
Jan., 1894
Jan., 1902
;
f
MISCELLANEOUS.
Adams
American
J
.
3
7
i
M.
N. Y., 59 Broadway.
Boston, Compy's Office.
I a J.
do
M. N. Y., West Union Tel.j
;
,A 8. N.Y.ofilcel Broadway.
N. Y., 45 Broadway.
1H
3
1
I
,
A
Duanes.- Schenectady
to Cierry Valley, N. Y., 21 miles; Schenectady
to Dv uner burg, 14 miles; Adlroidnck Railroad, CO miles; total
owned, 00 mile*; and it leases: Albany A Susquehanna- Albany to
Binghamton, 142 miles (leased for 150 years from Feb., 1870); New
York A Canada (leafed in perpetuity) Whitehall, N. Y., to Rouse's
Point, X. Y., 113 miles, and branches to Aueable, etc., 37 miles: Kens
selcar A Saratoga and leased lines (leased during teim of charter and
Its renewals) Albany, N. Y., to Lake Champlain, X. V., and branches,
195 miles; Utica Clinton A Binghamton and Borne A Clinton (least d
durii'g term cf charter and renewals, and sublet to N. Y. Ont. A Westtill June, 1921), 44 mil<s: Union
Green Bidge to Wilkcsbarre,
Pa. (leafed during term of charter ai d renewals), 20 miles; other lines,
4 miles; and Jenerron BB. (trackage) Jefferson Junction to Carbondale, 35 miles. Total controlled, 730 miles, but only 686 operated in
D. A H. system. This company is among the largest miners and
carriers of anthracite coal. In June, 1889, the Adirondack RB. (CO
miles) was purchased.
The 1st mort. of 1871 covers real estate, etc.. In Buffalo, Rochester,
Weehawken. New Yoik ity and elsewhere, the canal from Rotdout to
Delaware River, 83 in., the Lack. A Sueq. BR., 20 m., etc
The debentures are secured by an equal amount of Pennsylvania
Division bonds, reserved. The Penn. Dlv. hot da cover canal, railroads,
coal and other lands, etc., in Pei esylvanin.
The stock was Increased to $30,000,000 to pay off the bonds due In
1884 and 18!U. The remaining $5,500,000 In treasury will be issued In
BR-
em
1891, tn take up an equal amount if 7 per con t bonds.
The annual report for 1887 in V. 46, p. 132 and 170, had the following
The managers "propose to appropriate, from time to time, from the sur
pins or dividend fund, amounts not to exceed In the aggregate twentynve (25) per cent of the five millions five hundred thousand ($5,500,000)
dollars of bonds to be retired during the year 1891, add to credit such
appropriations as cash pay ments on the stock to be Issued therefore to
stockholders of record at the time when notioe Is given of their right to
subscribe." This proposition was submitted to stockholders at the annual meeting In May, and approved by them.
Dividends have been paid as follows from 1881, when they were
i
:
resumed: Inl881.4>s; in lfc82, 7; In 1863,7; in 1884,7; in 18=5,6;
In 1886 and 1887, 5; in 1888, 6; in 1889 to date, 5 14. Range of ttock
rices since 1882 has been: In 1883, 102 is a-.1121s: in 1884,67U4;
1685, titiValOOig; In 1886, 87iiai08is; in 1887, 96iji106>a; In
1868, 1 3a>134; in 1689 to Nov. 22 iuclusive, 130-S156.
Report for 1888 was in Chronici K, V. 48, p. 157.
PBOFIT AND LOBS.
i
1886.
$
Receipt*
Bales of coal
1886.
$
1867.
'
.
1888.
B
7,399,095 10,100,118 10,604,465
66,505
56,675
58,410
?95,001
633,867
496,217
201,299
332,653
183,697
841,662 1,147,134 1,041,756
130,111
Total
JHtourtementt
Coal on hand Jan. 1
9,393,162
9,265,687 11,892,457 12,530,522
Interest
1,082,768
300,453
m
892,804
3,975,297
Mining coal
Trans. to tidew'ter via Erie
592,803
Trans, exp., canal, Ac...
826,987
332,652
183,697
5,019,147 5,313,138
1,159,114 1,164,827
885,810
932,2>-2
973,571
986,994
402,656
436,262
171,577
169,189
37,622
2,910,305 3,344,134
Taxes
Loss on leased railroads.
Balance
Total
.
222,323
313,330
1,186,396
9.393.162
Term in'i expense Amlscel.
649,905
4,239,907
873,517
767,151
1,069,067
285,230
183,699
21.695
1,175;485
9,265.687 11,892,457 12,530,523
15,1889
1, 1898
1. 1889
Sept. 10. 1889
Ang. 1. 1887
Aug.
Dec.
1887.
1888.
1686.
$1,108,486 $1,131,510 $1,182,749
Total disbursements
Balance of earnings
Less sink. fd. of 10 p. o. p. ton on coal.
Less depreo'n on coal, impr'v'm'ts, Ac
$620,021
$89,419
$671,676 $1,070,915
$92,101
$61,597
98.009
282,002
Total
Surplus for year
Balance to credit of dlv'd
889,419
$530,602
683.843
$159,606
$512,070
644.037
fd.
Jan. 1
Total
Dividends
Rate of dividend
$374,103
$696,812
646,746
$1,214,145 $1,156,107 $1,343,557
509,362
570,866
570,408
4
4>a
4a
Balance to credit of div'd fund Dec. 31 $644,037 $646,745 $766,691
p. 634; V.44, p. 274; V. 45, p. 113; V. 46, p. 263; V. 48, p. 249
-(V.43,
V. 49, p. 539.)
Morris. Leased April, 1871, to Lehigh Valley Railroad for 999
The lessees assume bonds and scrip, and pay 10 per oent per
annum on pref. stock and 4 per cent on consol. stock. In 1689 the Le-
years.
high Valley decided to cease operating the canal, which will probably
be used for water supply. (See V. 48, p. 100, 159.)
Pennsylvania.. Worked in interest of Pennsylvania RR, which
guarantees interest on bonds and owns $3,517,150 stock and $469,000
6s. Earnings in 1888, $326,960; net, $111,423; interest, $165,571;
loss, $54,141. In 1887, gross, $300,072; net, $75,322; Interest, $168,571; deficit, $93,249
Schuylkill Navigation. leased from June 1, 1870, to Phlladel
phia A Reading for 999 years. AH the bonds save thoso in the table were
exchanged under the Phil. A Reading reorganization plan, for bonds)
of the P. A R. The report for 1886 (V. 44, p. 210) gave a statement of
the company's relations to the P. A
company and a history of Its
prosperity in former years. The loss to the Reading in 1886-87 was
$289,493; in 1885-86 was $477,614; loss in 1884-85, $444,292. (V.
44, p. 752, 782, 809 ; V. 45, p. 143, 573; V. 46, p. 219 V. 48, r. 209.)
Susquehanna. Leased and operated by Philadelphia A Reading
Railroad for interest on bonds and half of net earnings. All the bonds
save those In the table, were exchanged, under the Reading plan, for
P. A
bonds, and in 1889 rate of interest on State loan was reduced to
4 per oent, the P. A R. paving $147,500 back interest. Loss to Reading
in 1887-88 $103,167; in 1886-87, $135,159; In 1885-86, $239,784; loss,
in 1884-85, $230,657.- (V. 48, p. 190.)
R
;
R
$
7,201,049
Canal tolls
54,551
Int. on invest. A miscell..
792,716
Coal on hand (Deo. 31)
649,905
Railroad earn'gs in Penn.
694,941
Fronton leased lines
Dec. 2, 1889
Oet.
do
\
MICELLA'\EOl7S.
Adams
Express. No reports.
American Bell Telephone Co. Dividends have been:
In
in 1882, 11; in 1883, 12; in 1884, 15; from 1885 to
1887, inclusive, 16; In 1888,18; in 1889,18(6 being extra in July).
There is to be issued $1,250,000 new stuck in April, 1890. The annual report for 1888 in Chroniclk, V. 48, p. 427, had the following:
1887.
1880.
1888.
$3,453,028
$3,865,118
Gross earnings
$3,097,000
$2,436,463
$2,237,834
Total net income
$1,973,350
1,192,152
1,176252
1,176,252
Dividend, regular
l?Sl,6percent;
Surplus for year
Deo. 31
Totals
$797,098
$392,084
117,754
$1,061,582
$394,084
132,616
$281,260
$1,491,380
Balance
Extra dividend
Reserve for instruments
Reserve for general dept
$536,656
$2,028,035
$1,244,311
$597,726
40,585
600,000
$2,028,03*
urplus
132, 170, 1 09; V. 48, p. 1ST, 799.)
V. 47, p. 593; V. 48, 427, 530, 799; V.
433;
Lehigh Coal X Navigation. Owns canal from Coalport to Eas- -(V. 44, p. 341.) V. 46, p. 412;
ton, Penn., 48 miles, and leases Delaware Div. Canal, 60 miles. Also 49, p. 269,
are mortgage bonds for $200,000. The
owns Lehigh A Susquehanna RR., Philllpsburg, N. J., to Union June,
American Coal. There
Pa., 105 miles, with branches. 56 miles, and leases for 999 years Nesque- annual report for 1883 in V. 43. p. 367, gave the followiug information!
honiug Val. RR., 17 m., and Trescow RR., 7 m.; also leases Wilkcsbarre Income, 1888, $698,745; total expenses and Interest to Maroh, 1889,
A Scranton, m.; but *U these roads are leased for 999 years from $595,711; balance, $103,034, against $84,423 in 1888; dividends (8
1871 to Central of N.J. RR., rental Being 3313 per cent of gross earn- per cent). $90,000; surplus, $13,034.-(V. 44, p. 274; V. 46, p. 253;
ings, with a minimum rental 01 $1,414,400. The Central RR. of N. J. V. 4?, p. 367.)
assumed (in purchase of equipment) $2,310,000 of the gold loan due
American Cotton Oil Trust. This is a "Trust" formed to con1897, and the Lehigh A Wilkesharre Coal Co. assumed $500,000 of the trol a large proportion of the cotton seed oil mills of the United states.
loan due 1697 nd $771,000 (all) of the convertible gold loan due The Hoard of Management consists of nine trustees, of whom three are
fold additional to amounts in table above. The general mortgage of elected each year. The Trust is to be changed into a corporation, " The
894,
1884 (ttustee, Fidelity Ins. Co. of Phila.) covers, subject to prior bonds, Am. Cotton Oil Company," which is to issue $21,092,000 common
7,-l co acres coal land, 48 miles cat al and 161 miles railroad, estimated
stock 1 nd $15,000,000 pref. 6 per cent non-cumulative stock, aud holdIn 1884 as together worth $25,278,000. Bonds are reserved to retire ers of each $100 share eertificitc will take 50 per cent thereof in the
all prte r issues not assumed by other companies. In Oct., 1889, there new common and 25
per cent in the new pref. (See V. 49, p. 015.)
was a new issue 1 f 10 per cent of the old stook made for improve- For the 15 menths ending Aug. 31, 1889, the net earnings were.
-iV. 46,
p. 38,
A
(See V. 49, p. ! 39.)
p.c.; in 1882,4; in 1883,
in 1884, 6; in 1685, 5s; in 18S6, 4 *; in 1887, 4; in 1888, 4s;
6s;
In 1889 to date. 2 >s.
Report for 1888 was in Chronicle, V. 48, p. 249.
ments,
.
DividendsBlncel680havebeen: rnlSSl, 2
1
Receipt*
railroads
From
Canals
1886.
1887.
1888.
and Nesque. Tunnel.. $1,464,381 $1,533,184 $1,804,783
Het profit on Lehigh Coal
Royalty on coal mined, Ac
Total receipts.
48,225
135,104
80,797
50,248
148,452
71,302
48,201
358,968
46,712
$1,728,507 $1,803,131 $2,233,601
The report was given
iu V. 49. p.
579 and 615, and the committee'*!
N. Y. Office. 45
(V. 45, p. 25, 538, 564, 696; V. 46, p. 829; V. 47, p*
Broadway,
139; V. 48, p. 854; V. 49, p. 433, 538, 578, 615, 653, 689.)
American Express.- Di\ iderids of 6 per cent yearly ha \.
paid since 1879.
American Telegraph &. Cable Co. Owns two cables between
Sennon Cove, England, and Dover Bay, Nova Scotia. Cables lea
Western Union till 1932. with a guaranty of 5 per cent per annum o
r<
port, etc.
No
balance sheet has been published.
N. Y.
the stock issued- $14,000,000.
November,
CANAL STOCKS AND BONDS.
18S9.]
MAP OF THE
137
^,/ION'TREAL
DELAWARE & HUDSON
J
'*y
^
v
lWaterloo
\
kit*
CANAL COMPANY'S
St.John^
PSutton
Jc.
ID
RAILROAD & CANAL SYSTEM.
ROUSE'SpU^---4:
jj*.7-,*.
*W MOOER 8 JC.A.
^'
Ft.OovIngtofrS
oi^fesv
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Messena
cr
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TV
JSewp
>C-n.Ay!
Sheldon
t.Albons
~
Prescott^/7^3i.
1/
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/-,,
GDENSBURQ*
^Cambridge Jc
Dannemora^
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^on Mt /w^Tr^
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1
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Brockvill^V^^-^
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St.
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PAUL SMITHS^
5
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Montpelier
Clif ton
Theiesj/Je.
lizabethtown
Tupper L.gA
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Jc.^-o_^v
FTergennes
Wells River 1
Vf-^
MOUNTAINS jMV > Port HenTjfll ^
J f ^ 7 _#? M JTammomtv
Crown Point*!
/
SCMddlebury
,
KCharti age
^
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tartlnsburg
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The Glen
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Gassetts'
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ortland
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ttBford
irv, -,
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V//V
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alton
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IS*
INVESTORS'
SUPPLEMENT.
|
Vol. XLIX.
Subscriber* will eonler a great favor bv giving Immediate notice of any error discovered Id these Tables.
Bonds -Prlnol
INTEREST OR DIVIDENDS.
DESCRIPTION.
Date Size, or
Amount
of
Par
Rate per When Where Payable, and by
For explanation of column headings, Ac, see notes on
Bonds Value. Outstanding Cent.
Whom.
first page of tables.
Payable
American Express Stock
Cahaba Coat JHnlnu Stock
1st mortgage sink, fund diawn at 110
Cameron Iron et Coal Co
Canton Company Stock (44,300 shores)
Central <t South American TelyTupA -Stock
Chicago Gas Trust Stock
Chic, Gas Light 4 Coke, Is' niort., gold, guar
People's Gas Light & Coke, 1st mort.. gold, guar
2d mortgage, guar
Equitable Gas Light * Fuel, lstmort., guar
Consumer*' Gas, lstmort., guar.
c*A r
L888
$100 $18,000,000
100
1,400.009
750,000
1,000
100
3,000,000
I6V4
100
100
1887
c 1874
o 1874
1,000
<*
188S
o
1886
1,00)
1,000
not drawn.. c
Columbus >t Hocking Coal J Iron Co. Stook
(13,331 acr'srd.mln'sAli'd'gsJs.rdnot drn.o'
lstM..g.,
Commercial Cable-Btock ($10,000,000)
Debentures (480,000) payable $40.<Oo per annum...
Comstock jftimie/ Mctgage Income bonds
Consolidated Electric Light Stook
Debenture bonds, sinking fund
e
Consolidation Coal of Maryland Stock
1st mort., consolidated, convertible intostook at par...e
Consolidated Gas (N. T.) Stock
c*
lstmort., Metropolitan Gaslight Co
1st mort Knickerbocker Gaslight Co. sink, fund
o*
r
Debentures for $3,000.000
Detroit Mack, tt Marquette Land Co. M. (inc.). red.at 100. r
Edison hlecltic Illuminating Stock
Equitable Gas Light Co of New York Stock
1880
1,000
1887
1,000
Certificates of indebtedness, red. in 1891
<t Stock Te/.-Btock. rental guar. 6% 99yrs.W.Uu.Tel.
1886
<t Iron
8 1 >ck
niort.. gold, accuin., sink. fd.
Ootorado Coal
1st
I'niisol.
o
100
.
,
100
100
1889
500," "io.
100
Too
1872
1,000
100
1881 500 40
1878
l.ooo
18H8
i.ooo
1881
1,000
100
loo
Bonds
Cold
600
500
1,00
1,000
>
100
719,875
4,006.000
25,000.000
7,6 0.000
2,100,000
2,500,000
2,00 'i.OOO
3,832,0)0
10,000,000
3,499,000
4,700,000
1,000,000
0,716,000
2,337,600
2,200,000
2,500,000
291.400
10,250,000
1,100,000
35,430.060
658.000
610,000
1,000,000
4.021,000
2,500,000
3
N.Y.,
7"g.
4
J.
1\
Q.-J-
0,-M.
1
J.
i
6
t
If.
.
J.
.1
8
J,
8-
J.
'6g.
P.
6g.
4 J.
4 N.
4 D.
4 J.
* D
AA.
Co
's Offloe,
A Tr.
37 Wall St
Chicago. Office.
S. Y. Oftlee,
N.Y.. Central Tr. Co.
N.Y., Cent.Tr.<t Lond'n.
do
do
N.Y.,Cen.Tr.4Chlc. Of.
Nat, Bk.
Chicaso.Unlon
Company's
J.
I*
6
4
1
e
m.'a's.
New York.
Q.-J. N. Y. Company's Ollice.
J.
A
2>4
J. N.Y..A111, Ex.-h. Nat.BH
N.Y.,Co.'s Offloe, 71 B'y
6
J. "A" J.
Oh
J.
6
F.
6
J.
5
M.
7
A.
1
4,000.' '00
2
1,000,000
750,000
5,000,000
6
6
1>
Ollice
&"j. N. Y.. Central Trust Co
Q.-J. New York, 1 Broadway
4
A
A
A
A
O.
Q.-F.
CJ.-J.
F.
A.
J.
A
A
do
tin
D. N.Y., Offlce,4 Irving PI
do
A.
do
D.
do
do
N.
do
do
D.
Q-J
Due.
iMBt
Dividend.
Slocks
65 B'y Jan.
N. Y., Farmers' L.
N. Y.,
pal, When
Jan.
2,
1,
1890
November,
1889.]
MISCELLANEOUS STOCKS AND BONDS.
1.19
INVESTORS'
160
SUPPLEMENT.
[Vol.
XL1X.
Subscribers will confer a great favor by siring Immediate notice of any error discovered In these Tables.
DESCRIPTION.
F
>r
explanation of column headings, 4c, see notes on
page of
Date
of
first
r
81
V
it
Slock
Tel.
(Continued)
Bonds, not mortgage ...0
yrs., W. Union..
MnUrnaPl Ocean Telegraphs-Stock, 6 % 99
i>
,
t
.
.
Postal Telegraph Cable Co.
Stock
Rate
Bonds Value. (Outstanding
tables.
|500
100
100
Jron Steamboat Company Stock
500
Bonds
.... -.0 1881
..... ...
100 4c
e* 1889
Lotted'. Oat H/Al 1st mort., for $10,000,000. gol 1
Lehighd W ilkesbarre Ooa/ Le h. Coal 4Nav.M.,g.. assumed 13f>7 500 *0.
500 4c.
do
do
Moit. convert., gold, assumed 1*69
420"
c 1374
Sterling loan, slnklnsr fund, drawn at 100
1.000
Oonsol. mort ($6,116,000 lnoome held by Cent. N. J.k.c 1875
c
Sundry real estate mortgages
o 1883
1,000
5s of 1912, cumulative sinking fund (not drawn)
nds not cun. held by Cent. N. J
Income " B "
Too
Maryland Coal Stock, last dividend paid In 1876
1.000
1st in., drawn at 100 (sink, f'd has retired $105,000)
500
MaxitellLd. Gr.-Pr rllenbd8,g.,red.atl00(orll0atniat.)o 1888
1,000
Mclropolilan Tel. dTeleg. CO. 1st M.,g.,a,f. (notdr'n) ..cir 1888
100
Mexican Telegraph Stock
100
He* Central Ooa /Stock
New Eng. rer.-lstM., $800,000, g., s. f., drawn atllCc. 1989
1,000
K Y. Mutual Tel. 1st m.,g.,gn.by W.U.,s.f ,lp.cnotd'n.o 1881 1,000
100
Jtew York & Perry Coal <t Iron. Co. 8tock
50
Rex York A Texas Land I Limited) Stock
50
Worthwalcrn Tel. Stock, 4 rising to 6p. o., guar. West. Un.
500
1st in >r:. sink. fund, bonds not drawn, interest guar..e* 1874
100
Oregon Improvement Co. Stock, common
100
Preferred stock. 7 per cent, nou- cumulative
1st M., g.. s.f. 1 p.c.y'rly, red. at 100,lf notpurch.at 106.C 1880
1,000
100
Mail Stcamsnip Stock
PMiflc
50
Pennsylvania Coal Stock
50
Stock
Philadelphia Company (Natural Gas)
1st M. Tor $2,500,000, s.fd. $250,000 v'rly, not d^n.-.c* 1888
1,000
M ,$1. 000.0O0, ser. A B4C.,red. at lOO.g.r 1889 1,000
Char. V.Gas, 1st
Oolil
Amount
I
Cent.
6
$300,000
3,000,000
2.000.000
500,000
9,0 :4.4<t0
r.00.000
073.090
10,000
11,500,000
632.358
115,000
2,500,000
2,000,000
1,434,400
5,000.000
700,000
2,500,000
3,000,000
1,500,000
2,500,000
1,180,000
7.000,000
1,794,100
5,000,000
20,000,000
5.000,000
7,500,000
1,500,000
(?)
5.000.000
Payable
M.
l"*
I
1
1
I
i
I
!
6
J.
5*
g.
6
6
6
7
6
g.
5
I
T>S
7
g
g.
g.
24
1
5g.
6g.
(t)
2Si
7
1
3s
6g.
1
4
2
6
eg.
4
N.
Q--J.
2
l.:t
2,8* , .OO0
2,353,000
4,400,000
INTEREST OK DIVIDENDS.
When Where Payable, and
pel
Whom
<<\
MISCELLANEOUS STOCKS AND BONDS.
November 189
161
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds PrinciINTEREST OR DIVIDENDS.
DESCRIPTION.
Date Size, or
pal, When Due.
Amount Rate
of
Par
For explanation of column headings, &c, see notes on first
per When Where Payable and by Stocks Lust
Outstanding
Bonds Value.
page of tables.
1886
1st mort., gold, for $5,000,000... o*
Poughkeepsie Bridge.
Pullman Palace Cor Stock
Bonds, 4th series
Quicksilver
1872
Mining Common stock
100
100
100
100
Preferred 7 per cent stock, not cumulative
Louis B'dge <t Tun.RR. 1st pf.sfk,gu.Mo.Pac.and Wab.
2d preferred stock, guar
St.
1st mortgage
Tunnel RR. of
St. Louis, stock,
1879
1880
1876
1881
1,000
1,000
100
.
1883
1882
1887
1887
1,000
1.000
1,000
1,000
1885
1885
Alice Furnace Co., Ala., 1st bonds
o'
Birm'm, Ala., Div., cons. M., g. s. f. 1 p. c. not drawn, .o*
Tennessee Div. bonds, gold, s.f. I 1* p. cyearly.uotdr'n.o*
Texas Pae. Land IVu(.-- 'Certificates of proprietary int."
United Lines Teleg'phlBt m. (subj.to old lien of $290,000)
1,000
1,000
100
2d mortgage (for $3,600,000)
United States Express Stock
Wells, Fargo d Company Express Stock
Western Union Telegraph Stock
Beal estate bds.,g.,oTen onW.U.Bldg.,N.Y.C.) s.f. (not dr.)
Debentures (if drawn surrender is optional)
c Ar
c
Debentures, sinking fund lp. ot., drawn at 100
1,000
1,000
100&o
1.000
100
$30,000, dr'n at 110. ..c*
f.,
Rentals of leased lines
Coupon Interest on bonds...
Dividends on capital stuck
Repairs of cars in excess of mileage.
Contingency account
1.1886
1,000
1888-89.
1887-8.
1886-7.
Disbursements
Operating expenses
Paid other sleeping-car associations.
Ar
$
2,224,807
969,896
66,000
159,150
1,274,176
210,018
2,506,534
1,045,398
3,070,779
920,906
132,450
1,510,890
198,870
100,000
79,527
1,795,638
84,915
100,000
Total disbursements
4,904,047 5,494,192 6,051,765
Netresult
1,536,885 2,015,562 2,251,531
-(V. 17, p. 471; V. 48, p. 128, 222, 260, 420, 530; V. 49, p. 511. 538.)
Quicksilver Mining. Owns quicksilver mines at NewAlmadem
C'al.
The preferred stock Is entitled to 7 per ot. per annum, not cumuSee
lative, and any surplus go* to the common and preferred equally.
annual report for lb88-89 in V. 49, p. 50, showing net income applioi'livi.tendsforthe year of $131,621, against $328,728 in 1887-88.
Dividends have been: On common, in 1881, 2*4 percent; in 1882, 2-5;
lothingsince. On preferred: In 1881. 9 14; In 1882.6; In 1883. nil;
ja 1884, 3; in 1885, nil; in 1886,2%; iu 1887,3; in 1888, 6%; in
1889, 3. (V.45,p. 83 ; V. 47, p. 49; V. 49, p. 50.)
A
St. Louis Bridge
Xnnnel Railroad. The railroad and tunnel
vere sold under foreclosure In 1878.
It Is proposed to consolidate this
mil other companies under the title of the Terminal RR. A9s'n, and to
4 per tents on the whole property. On July 1, 1881,
67.000,000
he bridge and Tunnel Railroad were leased to the Mo. Paciflo and Wa>ash St. Louis A Pacific for the term of their corporate charters, on the
erms following, viz.: Of the stock, $2,490,000 first preferred is guaraneed 6 per cent
$3,000,000 second preferred is guaranteed 3 per cent
er annum. The railroad stock of $1,250,000 is guaranteed 6 per cent a
ear.
The whole annual charge for rentals is $670,000, one-half pa vale by .Missouri Pacific and one-half by Wabash. The common stock was
eld by the London Reorganization Committee, and under the lease was
-ansferred to .Mercantile Trust Company of N. Y. with power to vote
hereon. The bridge common stock is $2,500,000, par $100. In the
;
,
lieu ending Dec. 31,1888, gross earnings were $1,703,300; net, $-<55,rplus over interest, guar, dividends, etc., $3,099, against $49,336
H1887. (V. 46,p. 255, 4T1: V. 49, p. 435.)
Southern <otton OH. This company Is organized under the laws
.^tate df New Jersey, and owns eight crushing mills in as many
ties of the South, with an aggregate capacity of 1,600 tons of seed per
ilso owns six rttlneries. etc.
Paid 4 percent Feb., 1889, and 4
June. 18-9. Bee application to N. Y. Stock Exohange in full in
iclk V. 49, p. 404. Pres., Henry C. Butcher. (V. 49, p. 403, 401.)
A'lantlc Lines leased to Western Union and stuck
laranteed by the rental, 5 per cent per annum.
Kail way. The property of this company, in
Sterling Iron
>
ange County N. Y., (and a few acres in Rockland) consists or 25,000
of land, with furnaces, Ac, having a capaoity of 15,000 tons of
'f)ra*
lb Iron per year, and 7>a niiles of railroad, houses, Ac. The
Wumes the $471,674 bonds of the Sterling .Mountain Kv. A. company
W. HumTjreys, President, 45 William St.. N. Y.
Tennessee Coal Iron
RR. Co. This oompany owns blast
Jrnaces, coal mines, iron mines, foundries, Ac, and large traets of coal
TJdlron lands In Tennessee and Alabama. See a full statement of the
Dividend.
N. Y. City, Merc. Tr. Co. Aug. 1, 19381
N. Y., Fann L.
T. Co. Nov. 15, 1889
do
do
Aug. 15, 1892
A
May, 1882
JJ.Y.,Offlce,20NassauSt.
Co.
N. Y., Drexel, M.
do
New York and
A
do
London.
N. Y. ( Drexel. M. A Co.
N.Y.. West. Union Tel.
Philadelphia, Office.
Oct. 1. 1889
July, 1889
July, 1889
April 1, 1928
July
1889
1,
Oot.. 1889
15, 1889
June
N.Y.Offlce 45 William
at April 1, 1894
Oot. 1, 1896
N.Y.Offloe 15 William st July 7, 1895
N. Y., 4th Nat. Bank.
July 1, 1889
N. Y.Meohanics'Nat. Bk. Nov. 1, 1903
do
do
1892 to 1903
do
do
Jan. 1, 1917
do
do
No coupons
Jan.
1,
1917
July 1. 1913
do
do
1915
,4,5
1H M. A N. N. Y., Office, 49 B'way. Nov. 16, 1889
J. A J. N. Y., Office. 63 B'way. July 15, 1889
4
Q.-J. S. Y., Offlce,195 B'way. Oot. 15, 1889
May 1, 1903
Sir- M. A N. N. Y Union Trust Co.
<>
100
100
100
1872
1875
1875
o* 1888
bonds
100
50
500 Ac
Whom.
Payable
$5,000,000
6g. F. A A.
2
25,000,000
Q.-F.
A. & O.
8
820.000
400.
5,708,700
4.291,300
IH
3
J. A J.
2,490,000
l 1*
J. A J.
3,000,000
5,000,000
8 A. A O.
I
J. A J.
1,250,000
A. A O.
948,875
4
3emi-an
4,000.000
2,300,000
Feb. 1
418,000
495,575
Feb'l
1
475,674
10.000,000 4onpref. J. A J.
M. A N.
715,000
A. A O.
7
300,000
3,460,000
6g. J. A J.
1,400,000
6g. A. A O.
8,761,731
"e
1,200,000
'
"*25
<
Whiubreast Fuel Stock
Gen. M., (now let) g.. s.
1,000
guar
Southern <e Atlantic Telegraph Stock (guar. 5 per cent.)..
Southern Cotton Oil Stock
Railway. Stock
Bierling Iron
o
Mortgage bonds, income, 7 per cent, series "B"
Plain income bonds, 6 per cent
....c
Mountain B'y. 1st mort. Income, 7 p. ot., guar.
Sterling
lenn. Coal I. d RR. Co. Stock, ($1 ,000,0C0 is pf 8%cum.)
o*
Pratt Coal A Iron Co., Ala., 1st mort., s. f.,notdr'n
Collateral Trust
Cent.
$1,000
100
1,000
10,000,000
6,250,000
86,198,852
1,301,000
4,920,000
861,192
f\361,000
1,300,000
570.0C0
paid.
m
M.
A
N, N. Y., Treasurer's Office
A
J.
J.
A
May
1900
1,
London. Morton, B. A Co March 1, 1900
N. Y, Office, 195 B'wav Jan. 1, i.38
Q.-F. N. Y. Office, 18 B'way. Nov. 11. 1889
J. A D N. Y., Atlantic Trust Co.
June 1,1908
41.
s'
i%
6g
8.
.
have been From 1881 to 1887, inclusive, 4 per cent; in 1888, 5; In
1889,5. Dividends will hereafter be paid sen. i-annually in May and
:
November.
(V. 45, p. 305, 341,
438
)
Wells, Fargo Express. No annual reports or Information. In
March, 18S8, this oompany bought out the Erie Express of the N. Y.
Lake Erie A West. RR. Co. Dividends of 8 per cent yearly have been
many years. (V. 46, p. 371; V.
Western Union Telegraph. On
paid for
48, p. 372.)
Jan. 19, 1881, was dated the
in which the Western Union raised its stock to
$80,000,000. giving par. or $15,000,000. for the stook and bonds of the
American Union 60 per cent for old Atlantio
Pacific stook in new
Western Union; and a stock distribution of 48 1a per cent to Western
Union shareholders. This stock dividend was finally held to be legal by
the New York Court of Appeals in Oot., 1883.
The Mutual Union Telegraph made an opposition line, but in Feb. ,1883
a lease was agreed upon. The Western Union also leases the Am. Cable,
with a guarantee of 5 per cent per annum on its stook of 1 14,000,000.
In April, 1886, the quarterly dividend was paid in scrip, and no more
grand consolidation,
&
;
dividends were paid till July, 1887, when cash dividends were resumed
at 1 per cent, afterwards increased to
per cent quarterly.
The collateral trust bonds of 1688 (trustee of deed, Mercantile Tr.
are Issued to retiie an equal amount of stock and bunds if various
Co.)
telegraph and cable companies for the interest or dividends on whioh
the Western Union Co. Is liable, these when so retired to be held as seourity 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. stook
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
miles; leased. 1,504, controlled, 4,480. Number of offices taken over
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. certlf.) -8137'e; in 1882. 76J89338 in 1883, 71%38S 14; in
1884, 4978i; in 1885. 531*98138; in 1886. eO^aSO"*; In 1887. 67"
881 78: in 1888. 7038886%; in 1889 to Nov. 22, Inoluslve, 83388%.
The statement for the quarter ending Sept. 30, 1889 (partly estimated)
was as follows, compared with the actual figures for same ouar. in ls88:
Quarter ending 8ept. 30.
Actual, 1888. Estimated, 1889.
m
:
;
,
Net revenue
Deduct
Interest on bonds
Sinking fund
$1,707,359
$184,820
$1,750,000
$190,000
20,000
19,991
204,793
210,000
$1,502,586
1,077,377
$1,540,000
1,077,385
$425,209
7,498,549
8,611,102
t
v.mhon A
A
-
A
ftiperty In V. 44, p. 245. Of the Birmingham Division bonds $1,000,to retire prior issues at maturity. Tlio total funded
flit Jan. 31. 1889. was $6,1 10, sfo, and sinking lands held at same
amounted to $969,139. leaving net debt $5,141,300.
Jividends have been In '87, 1 on com.; In '88, nil; iu 1889, 8 on pref,
'rom Feb. 1 toOet. :.l, 1889 (9 munths), net earnings were $10 J,000,
ist $193,800 in 1888.
mO are reserved
:
year ending Jan. 31, 1889, net earnings over expanses and taxes
$660,092; surplus overcharges and 4 p. e. on pref.stock, $289,396.
nnual report tor 1888-9 In Chronicle, V. 48, p. 526. (V. 47. p.
442; V. 48, p. 463, 526; V. 49, p. 403, 690.)
This
company was formed
$14,565,153
$6,218,041
39,991
$4,043,950
490,258
40,000
$4,309,520
755.686
39,982
$1,344,929
$2,692,353
$4,309,835
2,692,353
$4,574,208
$496,364
$7,002,185
496,364
$5,105,188
$1,112,853
$7,498,549
1,112,853
$7,002,188
$7,498,549
$8,611,402
See application to N. Y. Stock Exohange in
title July 2, 1887.
Chronicle, V. 4 5, p. 676.
In year ending June 30, 1889, gross earnings were $881,418; net,
0184,991; surplus over Interest, sinking fund $..0,000 and dividends
(7 per cent) $5,951. President, J. C. Osgood, 18 Broadway, New York,
present
Full,
In Sept., 1837, the stock was Increased
O. Express was pur% it to lu,( 00,000, and the B.
O. P.P.. owns $1,000,000 stock. Dividends since 1880
A
$811,864
493,074
,
(V. 49, p. 170.)
A
$13,154,628 $14,640,592
$4,037,282 $5,070,572
$20,783,194
V. 47, p. 278, 327, 439,663,745; V. 48, p. 70,
127.190,221,490,530, 800; V. 49. p. 53, 469,)
Wliltebrcast Fuel. Owns 2,797 acres, and leases In perpetuity
980 acres coal land at Cleveland, in Lucas Co and at Marys vilie and
Swan, Marion Co., Iowa. Organized as WhltebreastCoal Mining Co. Jan.
16 1876; reorganized as Whltebieast Coal Co. Apiil 30, 1886, and under
i
B.
$10,515,185
1,647,509
1,878,533
333,568
190,358
.
(V. 46. p. 352, 771;
list
States Express.
Revenues for the year ... .... $17,191,910 $19,71i,164
Expenses
$9,077,445 $10,065,843
Operating and gen. expenses
Rentals of leased lines
1,899,954
1,912,486
Maintenance A reconstruction.
2,0J5,126
1,673,670
Taxes
278,594
355,878
241,259
224,965
Equipment of offioes and wires.
Total nominal surplus June
30 (end of year)
In
In
of property sold In Chronicle, V. 41, p. 122. In
1886, C. P. Farrell of N. Y. was appointed receiver of tie B. A M.
in Penn.. and afterward appointed for N. J. and Conn.
~kers' A Merchants* plan of reorganization was published In
-ORS' Supplement of Dec, 1886, and prior issues.)
ng has been held In check by litigation, and the lines have
under contract by the Postal Telegraph Co. Stock is
,000.
m
was
V. 49, p. 469.
1887-88.
1888-89.
for 1888-89
1886-87.
Balance of profits
Surplus July 1 (begln'gof yr.)..
Balance of profits for year
,
Juntof sale and
June 30; report
Total disbursements
successor to the
sold
^^K, as 31 1885, subject toBankers' A Merchants'
July
prior mort. of about $300,000. See
Tel.,
440.)
fiscal year ends
Profits
inscription or lands In V. 47. p. 344.
Telegraph.
$462,615
Nominal surolus Sept. 30
$7,923,758
$9,074,017
President Green, in his annual report for 1887-8, made explanations
as to the nominal surplus of the company. (See Chronicle, V. 47, p.
Total expenses
i
Lines
Surplus for quarter
Add nominal surplus June 30
Disbursements
For dividends
For Interest on bonds
For sinking funds
>xas Pacific Land Trust. The certificates of this Trust
went the ownership of the lands formerly belonging to the Texas
idnc Railway. The tiusttes of the lard trust are Messrs. Charles
inda, Simeon J. Drake and William Strauss, of New York, and the
received eon? isted of 3,450,642 acres, and also $899,731, secured
rchasers' contracts. In 1868 there were sold 8,771 aores and 6
lots for $25,808. Rentals received from grazing lands, $18,458.
ilostirc
Less dividend
.
*e
tiled
Net revenue
'
BANK STOCK
Capitai-
Dividends.
oates.1
I
Par.
Nov., '89. 31*
12
16
.
8
8
e
12
150
7
15
B
. .
6
7
lo
8
July, '89.
July. '89.
July, '89.
July, '89.
July, '89.
ia
3
Nov., '89.25
July, '89 Ifi-j
Nov., '89. 5
July, '89.
July, '88.
July, '89.
July, '89.
Aur., '89.
July, '89. 4
.
200.000
1-0,000
loo.ooo
000,000
Home*
100,000
100.000
Homestead*
Hud. Rher*. mo 200,000
Imp.&TrKd. 100 500,000
50 500,000
living
Heather Mfr. ioo 600,000
Lenox HOT.
100,000
Lincoln
ioo 300,000
Madis'n Sq.< ioo 200,000
Manhattan * 50 050.000
Mkt A I ult. 100 750,000
25 000.000
Mechanics'
Meoh. ATr" 25 200,000
Mercantile. 100
000,000
Merchants'
50 000,000
Merch. Ex.. 50 600,000
Metropolis*. 100 300,000
Mt. Morris*. 100
100,000
Murr*y Hill* 50 100,000
100 500,000
Wassau*
N. Amst'm
250,000
New \orii .. 100 2 000,000
U. Y. County 100 200,000
N.Y.N. Ex. 100 300,000
100 750,000
nth
Nlne'UiW'd'
100,000
K. America- "to 700,000
North Biv'r* 30 240,000
25 300,000
Oriental* .
JPaciflo*
50l 422,700
Greenwich* 25
Hamilton*.
Harlem*...
Hanover... 100
.
.
.
.
.
.
1002 ,000,000
Fark
.
. .
Fhenlx
Prod. Exch.*
Republic
River Side*.
St. Nicholas*
Seaboard..
.
Seventh
Second
200,000
25!
20 1 ,000,000
1O01 ,000,000
100
1 ,500,000
loo.ooo
500.000
50u,000
300,000
300,000
500,000
200,000
ioo
100
100
ioo
ShoeAL'thi 100
100
Sixth
State ofN.Y* 100
100
Third
Tradesmen k' 40
1
,200,000
1 ,oO0,0O(
1
,00(1,000
200,000
100,000
iOO.OOO
Twelf.Ward'
23d Ward*.
Union 8q.*..
D. Stated
10<
Western
lOd
50O.0O(
,500,000
101
200,000
.
West Bide
108.000 M.
60,200
9,500
l,i 50.900 J.
75,800 M.
A
a
10
9
6
N.
Kings
1
*
3
May, '89.12
Nov.,'89. 5
Nov., '89. 3
July, '89. 81*
Nov.,'99. 3
J,
N.
500
14
14
8
i
10
10
3
July, '89. 7
Juiy, '89. 4
July, '89. 5
'
8
7
18
8
8
7
9s
10
6
6
7
7
e
8
6
8
a
in
6
16
Jan., 87.
Auk.,' 89.
July.' 89.
July, 189.
July, 89.
Juiy,' 89.
inly,' 89.
July, 89.
June,' c 9.
July, 89.
Nov., 89.
Nov., 89.
'
3
3>s
Nassau! j)
National ....
N.Y. Fire....
Niagara
North River.
Prudential
Rutgers'
Standard
..
..
.
Stuyvesant..
Unit'd States
Westchester.
Wms bg.C.(t)
-
t
3
5
'
e^
676.534
80,497
100.543
75.061
72,511
42.073
243.986
726.445
1,000.000
1,000,000
10
10
4
8
8
Jul.., '89.
6
6
7
6
8
July, '89.
July, '89.
July, '89.
Nov.,'89.
July, '89.
JU'y,'89.
July, '89.
10
8
8
8
10
10
6
5
a
5
6H:
6*
7
7"
20
6
20
20
10
10
10
10
10
10
10
10
,502,462 10
244.408 10
167,451 20
94,397 a
10
12
22,087 8
115,408
5.553 8
119,789 8
178,262 10
71.880 8
56.2
8
379,540 10
34.120 8
340,070 12
138 8 >*
39,192 10
212.336 12
193.928 10
I
6
10
8
8
.
10
6
12
a
12
luiy, '89.
10
7
G
11
10
11
10
20
Over all liabilities, lnoluding ro-lusurauoe,
20
oapital
(J)
8
Oon.
July.
July,
July,
July.
5
2
4
5
3
3
3
3
3
5
4
4
3
Oct., '89. 2
HI
Juiy,*S9. 5
1889, for State banks
HOCAL GAS COMPANIES' STOCKS AND BONDS.
Ju
May,
Joy,
Par.
Brooklyn Gas-Light
Oitlxens' Gas- Light (Brooklyn)
Bonds
Mutual (N. Y.)
Bonds
Hassan (Brooklyn)
Metropolitan (Brooklyn)
Municipal Bonds
Fulton Municipal
25 2,000,000
20 1,200.000
250,000
100 35430OO0
20 756,000
1,000 658.0OO
100 3.5OO.0OO
1,000 1.50c,000
25 1,000,000
700,000
10 1,000,000
1.000 400,000
Var's.
100,000
Var's.
Borip
reople's (Brooklyn)
50
.
,
Bonn*
o.iil in
1,000 1.000.000
lOo l.OOO.OOC
l.CCO 75O.0O0
ioo, 3,000,000
Bonds
aultable
1.0<
30i.,000
100 3.000,000
l.Ooo
X.' (Ml IM1I
Date.
Period.
1,000
Consolidated Gas
Jersey City A Hoboken
Metropolitan Bonds
Bonds
WQlhunsburgh
Bonds
Amount.
>
4
89.
89.
6
89. 6
5
'89.
July. '89. 3*
Aug., '89. 4
July, 89. 6
Aug., 69. 5
July, 89.10
and
scrip.
AND BONDS.
CITY HORSE RAILROAD STOCKS
Dividends and
Par.
RAJXBOAIAS.
Amount.
Interest.
Period.
Date.
000 Q'rfrly.
ooo A.
000 J. >v j.
000 J. A J.
Stock
100 2,100 000 Q.-J.
1st mortgage
1,000 1,500 000 J A D.
2d mortgage
1,000 500 000 J. A J.
Broadway Surface Bonds... l.OO'i 1 000 0(1 J. A J
B('Uds
1,000 1.500 ooo J. A J
IOO 525 000 Q.-J.
Broadway (Brooklyn)
1st mortgage
1,000 250 ooo J. A J
2d mortgage
1,000 100 ooo
10 3,20(1, 000 Q. F.
Brooklyn City Stock
1st mortgage
1,0001 800, Ooo J. A J
100 1,000, ooo
Brooklyn City A Newtown . .
1st mortgage
l,00o 400 000
100 500 ooo A. A O.
Brooklyn Crosstown Stook.
1st mortgage bonds
1,000 200, 000 J. A J.
100 500 000 Q.-F.
Bushwick A v. (Brooklyn) 8tk
1st mortgage
1,000 400, 000 J. A J.
100 600 000 Q.-J.
Central Crosstown Stock.
1st mortgage
1,000 250, ,000 M. A N.
100 1,800 ,000 Q.^I.
Cent. Park X. A E. Rlv. Stock
Consol. mortgage bonds...
1,000 1,200 000 J. A D.
1.0J0 3ot, 0..0
2d mortgage
100 650 ooo Q. F.
Christopher A 10th Bt Stook.
IOO ooo A. A-O.
Bonds
1,000
100 500 ,000
Coney Island A Brooklyn
3d mortgage
1,000
75, ooo J. A I.
1,000 125 ,ooo J. A J.
Consolidated
F.
100 1,200 ,000
I). D. E. B. A Battery
Stock..
500 Ac 900 ,000 J. A D.
1st mortgage, oonsol
100 1,200, 000 F. A A.
Scrip
F.
100 1,000, 0-*
;
Eighth Avenue 8 took
100 !,:*K> ooo F. A A.
Scrip
10. 748, 000 M. A N
42d A Grand St. Ferry Stook.
1st mortgage
l.ooo 236 000 A. A O.
IOO 2,5(K), 000
42d St. Man. ,v St. Nloh. Ave.
1,000 1,200 000 M. A B.
1st mortgage
2d mortgage income
1,000 1,600 OoO J. A J.
100 170, 000
Grand St A Newtown (Bk'lytfi
1.000 175 .000 F. A A
1st mortgage
100 250 ,000 Q. F.
Houst. W. Bt. A Pav. Fy-Stk
500 500 000 J. A J.
1st mortgage
100 800 ooo
Ninth Avenue
100 1,862 ,000 J. A J.
Second Avenue Stook
1st mortgage
1,000 1,600 000,M. A N.
100 1,500 000 Q F.
Sixth Avenue Stook
1st mortgage
1,000 600 000 J. A J.
100 2,000 ooo Various
Third Avenue Stook
Bonds
1,000 2,000 ooo J. A J.
100 600 000
Twenty-Third Street Stook.
1st mortgage
1,000 250, 000 M. A N.
150 ooo
D >>cnture
Atlantio
Avenue (Brooklyn).
50 $700
500
900
1,000 700
Bonds
A Fult. F.
1st mortgage
Broadway A 7th Aye.
Bleecker
St.
Nov., 1889
AO
1,000
3is Nov. 1, '89
2
July 1. '89
I
1893-1905
2VJunel5,'S9
5
2>*Oct.
1,
'89
1901
July )0.'89
1902
Oot. 1, '89
2 a, Nov. 1, '8k
1 VBept.15,'89
5 ()|.ti.
CO.
ii
1897
Oct.
20/89
1899
July
1,
'89
.S99
Oot. 15, '89
June, 1904
1914
1905
1924
l'i(i
1889
Oct.,
1889
1889
Oot., 1889
Jan., 1902
1890
Oct., 138S|
.
lb08
Oct., 1889)
1902
Oot 1889
.
Dec 19M
1902
Nov., 1881
1898
,
Nov., 1881
1887
1903
Nov 188M
June, 181
,
Feb., 191
.Nov.,
188
1914
Nov.,
Apr.,
I
18M
IBM
.
,
*
6
1910
1915
21* Jan., 188i
7
1
7
2
5
5
1890
Feb., 188July, 18l
Nov., 188!
Jan., 188
'
1909
IH Oct., 18S
7
4
7
July, 181
7
5
1
1
Ji.ly. 1811
Jan., 1311
2 * Oct,
18i
May. 1SV
1903
This ooiumn shows last dividend on Hack*, and data of **aturl
of bondi.
,
,
Nov., 1901
Apr., 1881
Q
.
<
'94
Julv, 1889
July, 1900
July, 1889
.'
189U
Oct. 15. '89
A
1885
100
Stock
.
Dividends and interest.
Sab Companies.
5
'87. 3>*
'89. 3
'89. 8
y. '89. 3
.
7,
I"*
4
5>* July, 'Pt. 2ia
6 July, '89. 3
Q.-J.
These are not National banks.
Sept. SO, 1889, for National banks and Sept.
3
Jan., 89.
July,' 89.
July, '89.
July, '89.
Aug.. 89.
July, 89.
3
July, '89.
July. '89.
Juiv,'89.
July, '89.
July. '89.
July. '89.
Nov.,'89.
10
5
t. ,'89.
July, '89. 6
July, '87. 3
Juiy, '89. 8
Brooklyn.
3"*
Oot., '89.
10
8
J
5
8
Surplus includes scrip.
4
July, '89. 3>3
a
5
6
6
6
6
10
7
7
13,185
8<v
.,
July, '89. 5
7
8
a
Jan., '89. 6
JU'y, 89. 7
Apr., '69. 5
July, 89. 3
Auk.. '89. 31*
July. 89. 5
Jan., '89. 5
July. '89. 3
July, '89.10
July. '89. 5
July. '60. 5
July, 89. 9
Jan., '87. 3
July, '89. 3
July, '89. 5
July. 89. 5
10
6
7
10
10
6
10
6
ug.,
Aug. ,'89. 3
7
10
8
All
4
5
8
8
8
lo
7
314,859 10
611,004 20
4
8
7
263.9' >2 11
89.
61*
10
156,915 10
130,236 7
5X.186 8
5
6**
38.391 a
73,594 10
46i,554 10
1
'89.
'89.
'89.
'89.
July,
July.
July.
July,
9
15 40 ia-46 14
15
10
If 0,i 127 10
415,742 10
200,000
200.000
200,000
150,000
1,000,000
3,000.000
30
200,010
20
150,000
30
210,000
50
150,000
80
800,000
50
300,000
100
200,000
50
200,000
37*
200,000
100
200,000
50
500,000
25
350,000
25
200,000
100
200,000
50
200,000
20
150,000
50 1,000,000
100
200,000
25
200,000
50
200,000
25
200,000
25
250,000
10
300,000
50
250,000
10
10
12
3
-
10
A
A
A N
A J
A J
A
People's
Peter Coopor
3*s
'
4,001
J.
Longlsl.(l) .t
Man. A Build.
*
55.601
2b2,700
2i0,100
Co.(t)
Knick'bock'r
Lafayette ({)
Liberty
5
3
8
6
Last Paid.
4
4
10
.1
3 -,200
513.4ot
..t
Phenix(l)
AN
75.400 J.
506.400 M.
267.400 J.
219.700 J.
City.
Jefferson.
226
300,000
200.000
200,010
200,000
300,000
204,000
Exchange...
Farragut
Park
113.700
4,375,700 J. A J.
274,500 J. A J.
5 lii.500 J. A J.
7,200
247,800
21,800 J. A J.
1,240.600 F. A A.
699.800 J. A J,
1,775,300 J. A
222,200 J. A
A;
790,000
A
855,000
A
118.400
482.300 r. a
233,700 r. a
307,000 Q J.
191,000 M.
31,400
1,611,600 J. A J
221.900 J. A J
130.600 F. A A
297,700 J. A J
22.700
482.000 J. A J
114.100 J. A J
366,300 J. A J
350,900 Q.-F
2.114,800 J. A J
256.000 J. A J
549.000 J. A J
176,800 A. A O
867.700 J. A
5,800
102.700 J.
132,200 J.
75.400 J. &
240.8OC J. A
239,101 J.
100
30
50
Fire Ass'n... 100
Firemen's
17
German Am 100
Germania..
50
Globe
50
Green wion
25
Guardian
100
Hamilton.. . 15
Hanover .... 50
Home
100
Empire
Pacific
A
A
Dividends.
1887. 1888. 1869.
58,459
548,338 10
119,( 69 12
218.736 12
293.6M9 6>
159.619 8
97,122 2
1,000,000
40
Eagle
. .
Oct., '89. 5
Auk.. '89
City
C'nim'nw'tht 100
Continental 1 100
.
.
.
t
.
Oct., '89.25
Ju]y,'9. 3
.
. . .
July, '89. 3
7>i
int.
200,000
400,000
300.000
200,000
300,000
210,000
500,000
50
25
25
20
70
. . .
....
Citizens' ...
July, '89. 4
10
American!
Broadway...
Oct.. '89. 3
60
Alliance .... 1,000
Bowery
6
8
4
3
Ami
S
July,'89. 4
MAN
*
Latest
Period. 1887. 1888.
ioo 3 OOO.d* 1,875.500 J. A J
America*
100 5 000.000 1,067,500 M. A N
Am. Excti
47,200
Bk.ofDen'sit 100. 300,000
*
12
391,700 J. A J
100 250,00(
Bowerj
16
1 ooo.ooci 1,582.200 .1. A J
25
Broadway
8
J. A J
Butcb'a'ADr 25 300,000
8
KXl 000.000 561,100 J. A J
Central.
a
100 500,000 715,000 J. A J
Chase
5H5.800 Q-J.
12
25 450,000
OkathaiB..
100
300,000 6.056.000 Bi-m'ly 100
Chemical .
7
80 600.0O9 384, IOO J. A 3
15
10(1
000,000 2,412,400
City
9,100
200,000
Clinton*
75.800
200.000
Columbia*..
A 3
Commerce ioo 000,000 3,258,200
55.200
A J
300,000
Commercial
7
A 3
Centlnemal ioo 000,000 280,400
A A 10
100
CfcrnExeh
000,000 1,105,600
8
A 3
25 250,000 123,700
East River
22,0C'0
East Side*..
100,000
145.700 J. A J
86 loo.ooo
11th Ward*
2.'0.000
55,400
Em p. State*
100 150,000 264,300 J. A J
Fifth
Fifth Ave*. 100 100.000 717,100
100 500,000 6,089.400 Q.-J.
First
8
100 200.000 1,410,600'J. & J
Fourth
57.600
14th Si reef 100 lto.ooo
50 000,000 1,378.800 A. A O. 10
Gallatin ...
3,800
200,0(10
fhuagevoort
.
"50 200.000 293,000
Garfield
6
Germ'nAm.* 75 750.000 217,600 F. A A
12
Serm'n lix. 100 200,000 423,200 May.
a
Ger mania- 100 200,000 381.500 M. A N
.
Surplus,
Jan. 1,
1889.*
coMFAjnaa,
XUX.
LIST.
Net
I'AI-IIAI,
at latest
Par Amount.
[Vol.
INSURANCE STOCK
LIST.
Surplus
O0MPAHIE8.
People's*
SUPPLEMENT.
INVESTORS'
169
November,
RAILROAD EARNINGS.
1889.]
163
MONTHLY EARNINGS OP PRINCIPAL RAILROADS.
Jan.
Alabama
Southern
(it-eat
(296 m.)..
(296 m.)..
(298 ni.)..
188"
188?
1888
1889
Topeka
Atchison
1880
1887
1888
18SBa
Im.)..
Santa Fe
Sc
186,749,
180,8.00
1886
1887
1888
1889
776.53
930,391
843,608
997.1-20
965,749
995,385 987,849 921.783J 988.157 1,019,411 1,18 7,827
906,502 1,006,325 1.003,143 1.074.180 1.256.251 1,369,316 1,328,212 1,315,868
900,688 980,231 1,080,02 11, 190,930 1,312,597 1,368,038 1,186,281
950.603
1,1.4,587
523,06?!
522.191
479,920
679,858
690,693
631,756
658,807
467,593
509,238
582,955
261.160'
27S.241
205.500
389.173
838,072
897,9c:8!
llkk.'.
18fe6
.
Sc
Ohio
1886
1887
1888
(502 m.)..
(&02m.)..
1889<j
Chicago Burlington
1886
1887
1886
, J88
(502 m.)..
(502 to 915 m.)..
Sc
(3,646
(4.036
(4,693
(4,918
cfc
614.57s
385306
Co. of Uu.
(I,0a2 m.)..
(1,022 to 1.097 m.)..
(!,097 to 1.220 m.)..
(1,220 m.).
Chesapeake
Eastern
316.592
383.242
848,059
Quiucy
to
to
to
to
1.380 863
4,693m.).. 1,985,896
4.917 m.).. 1,671.294
4,910 m.). 1,916.205
4,036 m.).
Illinois
-
(247 m.).
(251 to 256 m.).
(256 m.)
(470 in.).
1886
'867
1888
1880
(4,250m.).
Oiuahn-
1,339 m.).
(1.865 to l.:.9Bm.).
317,102
344.766
339.636
324,318
307,293
361,925
322.799
385,832
311.399
331,156
405,509
3s8,081
885.742
378,000
410,986
415.85J08.K90
639,000
(1,391
m
* Texas IV.
1886
1887
181*
1889
...
(836m.)..
1886
1887
1888
1889
129.142
141.289
159.20
208.116
339.521
371.45!
324,88368, 34
135.55'
1,986.025 1,720,617
,839,334
1 ,954.833
1393,411 1,837,256
2331.733
1
1.89 7,5:12
395,60)
889.089
438.82?
429.173
206.29)
252.84.8
278.-281
833,518
742,005
750,365
388,892
410,328
372,031
412,349
358,551
393,7.17
857,073
340.181 4,086,048
360,576 1.451.169
330,359, 41415,238
2.256,340
2,346,834
2,230,839
2,368,431 26,728.408
2,163,3*8 27,578.078
2.187,674 23,789,16a
581,000
187,8:14
171.0.2
184,811
168.9VH
141,249:
170.315:
167.895,
207,023
166,196!
187\980;
209,001
248.184
171,629
183,421
191,855
238.172
178,737
203,971
228,374
m
277.827
319.878
1,917.902 2.118.448:2,148,493 2.328,476'2,746,15n 2,810,968
2,362,609
2,650,190
2.233.421
2,174,551 25,348,847
2 191 681. on lAn TO*
2,191,562 27,140,724
1 .919.82
25,832.973
2.1 .2,149 2,1.1.1.21? 2,219,484 2,499.794 2.853.6.2 2.783,216
2,119.636 2,295.291 2,714,274 2,972.265
2,u.".,2o3 2,1186,
2,144,942 2,061,054 2,207,573 2,574.10112,555,590 3,979,8/
579.735
50 .',311
532.5:5
458,925
582,381
472.176
481,441
243.870
272.25s
201.917
240,323
2.10.593
273.6.17
195,814
261.751
300,837
263.2571
802,813
285,944
294.418
270,158
298.221
282,817
472.398
4.16.27]
55n,2l8
51). 689
478,734
493.310
581,"33
530.6
507.591
493.08?
591,78605,50;
618,411
701. 70S
775.558'
350,8:)2
741.71
576.. 80
38-,587
239.751
269,153
321,40?
328,076
250,866
278,681
312.801
366,08
258,300
309.91?
321,154
353,516
289,920
328,512
434,2s
48737
530.171
5.5,28
612,Co0
614,817
571,611
70 ,062
810,716
710,34r
677.211'
827,0 J8
*
632,63.1!
Tenn. Va. Sc
232,06-
271.103
298.097
319,197
2.882,173
3,377,551
611,382
723,387
700,937
827,871
876,553
5.805,774
6,83?,223
7.148,588
187,078
211,67?
180.4C2
177.129 2.010.406
213.733 2.233,004
182.064 c'2.050.534
241,352
231.110
253,334
252,143
214.163
220.001
2.361,403
2,624,033
2,893,970
7.13,260
648.9.1?
797,56)
732,8 )3
751,513 '770,3
750,428
U66.860
635,215
714,131
815,821
6,738.078
7.988,420
7.688,654
421,372
515,621
517,509
420.619
497,741
4.283,212
5.329,489
5,615,967
89.858
110,631
87,232
80.816
937,528
89,321
89,481
1,115,073
1.008,689
177,816
217,534
193,650
193.519
208.08?
203.597
2.160,773
2,572,937
2,403,075
145,665
144,623
172.487
170,908
155.217
18s,079
1 83,8 03
163,534
166,614
142,077
110,64:
160,082
150,291
141,715
158.719
160,530
155.891
148,200
161.9
151,28159.532
130,820
172,11.
132.708
182,311
183,373
2J5.786
203,710
182,861
181.86.1
191,773
203,811
151.062
176.480
227,607
182,335
181,18
132.134
167,788
188,074
257,633
205,360
163. .00
198.113
192,012
231,462
201,2)1
191,6 IS
211,103
211,406
222.VS
-83,67s
239,811
555,388
677,24!
673.48)
686,206
810.082
878.170
671,97'
724,092
614,638
731,033
705.700
713,835
346,031
733,051
384,811
411,783
470,874
533.074
391,330
511,481
4 -6,821
577,021
456.617
555,213
530,96?
"656,802
91,02s
10.1,056
95,80.
109,70
90,674
112,6 13
93.314
60,208
94,. 85
89,40-1
93,328
22>, 163
188.923
216.477
179,155
223.833
195,859
193,881
197,213
193,762
1823)4
188,394
219,098
204,990
204,316
m.)..
166,936
211,592
204,305
210.092
Toledo'
(326m.)..
....(S25m.)..
...(325 m.)..
.
(1,Wb.i.,
(1.098 to 1.110 m.)..
(1,110m.)..
Elizabeth. Lex. Sc Big Sandy
(189 m.)..
(130 m./..
(139 at.)
1888
Pere Marquette
(361m.).
(379m.)..
Line Sc Ho. UiT.-
(1,688 to 1,953 m.)..
Iowa
(1,953m.)..
(1,953m.)..
(2,167 to 2,275 m.)..
1888
1887
1888
1889*
(402 m.)..
(402 m.).
(402 to 600 m.)..
Central
(600m.).
-
IW8
<*:
NashTllie-
New
(2,023 m.)..
(2,023 to l.TOim.)..
(1,973 to 2.17D m.)..
(2,lsl m.)..
Alb.
cUCsic
(537 m.l..
phis Sc Charleston
526.12.
(199,911
1
89.37.
186,862
427,747
552.285
5I4.7U1
497,077
497,183
219,868
200.942
171.658
581,016
277,378
362.766
416.671
430,158
284.152
373,566
423.898
415,81?
320,398
438.39 7
472,771
331.046
421.215
156.591
491.411
95,846
91,980
93.317
85,452
1
324,032
422,487
469,444
510,641
341386
814,023
396,283
462,514
513,328
414.88,:
59,278
63.631
88,420
74,281
81,638
75,634
65,743
78.581
86,337
67,879
63,128
81.704
76.333
58,792
67,411
03.74)
77,208
58,891
201,677
203,161
228.973
224,68?
201,628
190,870
228.912
218,515
199,335
189,733
225,234
188,865
176,272
76,661
87,800
74,-
152,094
172.904
191,396
202,062
157,819
1X1.649
190.585
171,507
444.06?
509.96J
2.16,973
20S.474
2*8,55
820.810
782,749 857,753
956.897
859.948 833,506
879.8 10
957,803 915.468
993.852 1,047,117 1.078,373
BM0O
118,860
118,571
135,130
82.9.17
4 15,870
225.604
214,s73
236,3*6
230,976:
191,579
211,813
181,637
188,
7:10.283
1.J7
252,102
216.261
3 5,574
211,916
721,272;
189,12:
;
1.138.885
1.258,181
"
1,181,04
1,4*0,376
1,018,591.
1,191,22.8
1,165,28
142,893
126,519
130.687
146,023
157,774
144,197
157.501
140,281
123.260
1 13.553
121.530
181,478
134,191
133,291
102,857
97,289
111.828
133,345
124,312
117.1M)
96,603
89,821
108,49 1
91.018
108,19:
"99,823
103.01.li
107,295
208,416
152.347
207,868
116,438
145,380
151,220
J8I.648
128,474'
151.443|
128,651
179,730
21S,:I99
783 675 843,533 846,910 970,102'
891.799
774,118
793.761
883,36) 975,099 1,1.98,738
882,910 877,015
888.316 1.016,397 864,924,
9:18,757
833,679 961.057
873,930 1,061,000 1,074,735 1,061,019 1,177,634 1,292,119
129,779
103,086
147.616
121,048
107.8.14
214,27s
318,15'j
510.088
811,211
657,063
647,792
484,654
585,744
112.9;'
140,967
.'49.470
202,321
1.050.686 1,049,266 1.103 835
967,740
1,227.7"9 1,170,016 1.327.519 1,177.743
1,306.817 1.280.390 1,261.202 1,2.14,415
1.398.1-47 1,348.52s 1,478,376 1315,853
113.821
189.417
147,057;
177,420!
118.411:
149.199
152.88
170,41?
111,972
204.214
182.699
176,289
136.892
159,854
173,955
186,398
123,655
122,771
151.483
127,292
157,803
149,886
140,571
153,282
190,033
153,378
192.705
178,889
203,89 1
180,110
216,326
232,492
99,966
99,974
101,129
109,755
117,022
112,869
115,344
124,23;
121.370
141,823
137,415
172,355
163,672
161,668
179,827
178,289
209,624
199.109
212,313
234,031
263,189
181,311
208.214
149353
123,845
138,592
13l,8<
133,365
123,673
141,900
138,0^7
1,112,721 10,776,187
1,156,304 11.868.036
1.169.853 11.822,477
155,590
163,880
97.459
92,614
106,62
109.416
51.3,288
168,798
160,215
1,753,300
1,878.250
1,837.769
125,e7i
136.737
134.512
1 12.230
1,323,825
1,352.528
1.379,834
179,783
202,793
221,157
2*'. 120
146.633
172,846
185,412
182.390
161,879
199.170
2,087331
1,087.711:1,121.192 1,267.207 7,186,281 1, 233.880 1379.823
1,254.002 1,260,829 1 ,326,663 1389.561 1,437,008 1,5)8.706
1,316,324 1,366,790 1,333,132 1.315,92? 1,391,834 1,437,051
1.382.880 1,371,865 1,448,496 1,837,277 1,815,419 I7601J5
1,281,987
1,501.898
115,3.13
137,302
107.807:
.
,
123.611
101,8:18
115,171
157,968
183,097
180,87.:
223,64.)
231,5
,0
l,ll,7o?
1.721,249
2,167,78ft
1.278.717 13,878.518
1,119.582 16,042,173
1,434,222 16.013,196
131,370
183,192
141,143
194.678
2)1.727
178.120
201,821
202,431
1211.2.0
190.804
218,782
226.314
217.152
198,439
203,516
223,491
Z17.36.)
234,895
229.139
210.003 -231,2 )'
199,901
217,117
193,339
16 '.943
18 1. 619
181.121
2.295..125
118,736'
173,108
191,023
146 221
177.797
190.351
189,181
1,444.688
1.740.5B0
1.583.340
379.902
461,039
437,226
110,910
8,857,701
4,8*1,580
5. 508,254
198,398
196.4-27
1.919.191
2.292,781
-
162.516
143,448
316.875
277,583
421.821)
3.86,76-)
(1330 m.)..
(1.397 t., 1317 m.)..
512,042
482,161
457.906
344.087
399.974
550.286
561.075
811,554
384,108
'87.899
527.870
exirun Central-
a
576,1.-
R03.:-l76
(1.236 m.)..
(1.236 m.)..
8
.
541,846
179,808
96,287
117,283
120,867
111,558
*7
419,861
497,3
I
#{
is;
Mm
^B.
572.592
87,754
152.847
145,40?
188,451
(520 m.)..
(520 to 537 m.)..
.Willi
137
109,448
98.272
116.681
Western
MM*Tllle
58...
(548 m.)..
(548 m.)..
(518 to 588 m.)..
(589 m.).
oV
1888
1887
MSB
401,903
543.860
m.).
m.)..
m.)..
m.)..
(510
(510
(510
(509
1887
1888
.'
(130m.)..
(861 m.)..
(893 to 379 m.)..
1889
HI. Ceut.-III.
523...8
8,624,490.
I
170,900
179,311
l.n.. -
I MB8
'272,581
324,116
800,5 18
383,874
441.222
496,011
580.402
623,0)1
(1,317 to 1.461 m.).
(1,462 to 1.467 m.)..
(1.481 to 1.51? m.)..
I M87
j
32,?.s(),
528.303
570,113
1886
188?
33:1.19:-
6,153.268
6.940,-73
8,414.422
374,521
492.351
536,571
577,586
(1.098m.)
636,122
718,548
615.190
399,165
457,578
408,478
486.25s
323,2.7
562,254
(l,S17m.)..
1886
1887
1888
1889
2,155,3111
2,256,211 24,718,404
2,517,789 25,366,124
2.274,431 24,867,731
575.941
635,337
...
1888
1889
1 ,732,200
2,071,528
2.469,313
2,640,218
2,616,260
1
565.998
595,97?
....(325 m.)..
Kiotirunor
193.867
2,064 222, 2.033,72? 1.971,599 2,553,971 2,798,87'
2,119.190 1.846.456 2,00i,89. 2,369.621 2.8.10,689
2,001,32k 1.921,565 2.078.677 2.478.187 ',9,2.481
2,007,204! 1,977.398 2.2l2,682j2,5;0,185[2,952,')00
1,787.713
1,886,713
1.767.064
1,929.768
440,993
.J*sl
167,027
184,129
187.903
1.14,339
20.1,823
257,8,
(281 m.l..
(281 m.)..
Colui
mbus Ho. k. Vnl. Sc
1.
.8,365
619,000
448.202
574.914
5s2,743
691,459
1886-
1887
18F8
_18B9
4.
6,217,88?
8.761,609
7,382,905
1
134.285:
479,18?
510,175
496,216
450,581
520.15.-)
882,478111,424,675
977,212113,177,471
701,239
762,108
797,399
2.148.532 2,330.741 2,748.17512,724,588 2,778,774
2,140,833 2,167.801 2,3S2,103!2,434,024 2.774,922
1,863.5.11:2.273.711312.475.114 2,802.3 13
1,953.9
2.109,207 2.038, 150 2,580,80 J 2,493,224
115,133
155,853
184,216
894,100 10.081,802
1,151,741 11,606.418
1,116,441113,195,536
802,020
875,654
901,295
(281m.)..
Cincinnati Washington
1.328,9,
533,45?
781,702
816,861
852,014
521,783
570,773
(1,110
).
(1,1*0 m.)
(1,140 m.)..
(1,140 ro.)
iV Bull.
.
Jjsulsvllle
2,933X9
3.006,908
288,1971 2,818,075
!
(336 m.)
(338 m.).
(336 m.).
Whole Erlanger System
368,867
34S.828
,981,677
1.847,235 2,962,682 2.197,900 2,152,072
1.686,519 1,211,188 1,703,814 1,719.187
1,798.901 2,073,758 1,958,446 2,108,i61
263, 1U4
'1399 m.)
Cincinnati N. O.
1 880
338.134
St 5,496
876,803
349,125
1.83.1.275 2.229,172 1.952.740
199,-; 15
c
U*
I
393.728
420,487
499,003
681,801
451,891
466,18.
465.761
501,789
1,328.107 1.678.5U0
1.723,173 1,634,180
1.571.289.1,676,493
1,813.245 1,500,879
St. Paul.
(4401 to 4,208 m.).
(4308 to 1.230 m.l.
1886
1887
1888
_,
422,841
345,114
449,032
166,393
1,763,396
1.979,081
1.826.899
1,819,531
Chic. St. Paul Minn. Sc
f
403,333
888,812
477,537
499,21?
"84-\754
392,511
^605,609
551.5 13
1,445.174 1.563.901 2.033.614
1 .490.-. 39
1,521.1.72 2,212.387
1,452.01'; 1,577.082; 1,930.889
1.655.91. 1,676.608 12,019,89
135.883
155.06S
157,62*
211,866
Chicago cV Northwestern
1*9
|."kf Erie
1188
W87
UB8
W89
306,770
305,375
29.',589
!
(3.S91 to 4,037 m.).
1886
1887
1888
1889
owo
291,670
1
(4.932 to 5,298 m...
(5,298 to 5,568 m.).
(5.621 to 5.670 m.)
(5.678 m.l
Chicago Milwaukee Sc
|
1,742,012 20.193,317
305,853
1
134,212
152.458
219.32B
1888*
1889*
I
I
113.023
169,312
162.853
203,377
}*S*
1887
Lines In
376,883
1.073,286
1,286.217
(627 m.).. 1.044,918!
UK. A
1188
V867
1888
1889*5
1.
158,420, 1,518,293
485,458 685.785 835.542 80 ,296 893,9-28
998,348 922.138 955,96.311,077,630
510,646 719,255 850,3h9 915,493; 1,039,50 1,057,299 1,055,170 1,083,207 -1,283,986
837.9B4
968.523 1.031.58? 1.010,0.-5 1.180,996 1.188.353 1.218,737 1.130,94 "1.148,700
844.046 1,128,628 1,187,427 1.103,099 1,255,361 1.375,528:1,121,765 1,483,407 16181.00
500,358
613,498
801.205
.
(27m.)..
1889
Flint Sc
I 1886
I
1,215,195
153,72-'
1,669,251!
(627m.)
ir&
129,523
1,799,387
1,680,302
(4.7901O 4.957 m.)
Lbleago
Total.
|
124,072
153.792
139.207
189,584
155,2381
Dec.
i
131.878
165,107
li3,344
1.835.926 1.579,173 1.683,548 1,611,398 1 665.398 2,031,881 12,054,685 1,948,287
(1.774 m.)..
1. 836 m.).. 1.461,7. 9i 1,481,643 1,572, 152! 1.569,516 1.769,18! 1.702,489 1,657,555 l,05"),45'l 1.784,681 1,853,511
(1,813 m.).. 1.606.319' 1.452.':37 1,701,117 1.652,861 1,748,818 1,803.187 1,908,611 2,144,094 2,018,926 2,224,219
Rap. A: No.
207 ,548
297,853
209,735 216,435
316,204
(990 to 1,000 m.)..
177,563
241.943 209,1(0
211,355 218,124
237,834 269,062
319,688
220.2081 195.93-i
(1,039m.)
286,875 235,216 216,788 217,446 2"2,16:l
221.014
191.501
330,856
(1,048 m.)..
208.245
209,59193,176
222,1(8 193,819 215,2061 280,433
199.603 217,716
(1,018 m.)..
205,8281 216,128
228,259
New Jersey
1887
1868
1889
I
120.9121
148,3601
_
1.521,929 15.981.307
1.495,951 18.461,388
l,352.f 07 15,812,913
.
Central
I
116.067
133,526
78.275
114,789
115.248
136,371
Nov.
Oct.
Sept.
*
97,758
12v,617
122.76"
1,719,355
1,657.078
1,160,371
.
i4,47t04.75 m...
1887
188e
1889
I
127.662
154,654!
10,954
*
82,664
115,978
1,809,352 1,861.479 ll.198.17S 1 ,252,754 1, 303,1 10| 1,311,051, 1,466,246 1,687.348
1,702,628 1,684.35s 1,553.719 1,141,876:1,534,902 1,501,3?" 1,106.261 '.,874,160
O'Jr'J .j->^ I ...it. <}-,,
1.233.231 1,205,3:0 1 ,258.96s 1.336.41. 1 333.826 1.318.744 1.411,80 1 5811.743
1,457.019,1,642,868 1.669,20' 1,5 2,062 1,541,062,1,908.87212,018,729 2156167
(3,527 to 4.346 m.).
(4,346 to l,47i) m.)
Central of
I
1
Aug.
July.
I
88,345
117,863
111.345
139,294
S
Pacific
IS86
1887
1888
1889
I
98,839
lln.213!
Jane.
May.
.
Canadian
I
96,390
124.505
128,707
115,420
I
88,872
(1,741 to
Burlington Cedar
I
*
& Ohio
1887
1888
1889
IJJMlst
*
i
(2.404 to 2.437 m.)
802,203: 1.057,407
(2,445 to 2,998 m.>. 1 ii-l tQlt ] HUH l.j I
1,.;12,592 1,236,163
(2,993 to 3.025 m.). 1.071.488,1,069,123
(4,831 m.).. l,412,958ll,378.847
.
Baltimore
March. April.
Feb.
*
94.153
127.790
(880
(380
(380
(830
m.)..
m.)..
m.)..
m.)..
115,1671
156,246
157,940,
162,520]
51.I.H72
106,231
125,875
144,618
127.8111
124,011
84,853
111.964
95.463
127,89'
160,909
15:.,1 .9
178 519
107,6.13
116,1.18
104,0
118,539
112.122
125,514
119,376
139,03?
122.573
146,235
120,680
120.547,
129,810
158,831
318,1.13
274,764!
394,743:
351,285
370,752
276.538
373,411
453,810
47-. 59s
270,091
871,117
453,786
493.331
300,876
387,9 16
345,517
47S.52
77,297'
118,447
510.978
534.318
.85.9 '.2
.
1
1813116
I
316,033
444,213
451,2.1?,
649.0
51.1,056
450,638
12'
*
a Includes Chicago Line, St. Joseph RR., Chicago Kansas & Western, New Mextoo & Arizona and 8
Approximate flgnrea.
c Embracing corrections fonnd necessary after monthly totals bad been pu
Mncludlng Mississippi A Tennessee from May I.
4 From and after Jnly 1 includes Richmond A Alleghany and Cincinnati extension.
..1
3,1
irj.
'.ih'-.l.
164
INVESTORS'
SUPPLEMENT.
[Vol. XL1X.
MONTHLY EARNINGS OF PRINCIPAL RAILROADS
Jan.
Milwaukee
l.nkr 8. oV
m.
(673m.
(80S to 660 m.
(WOm.:
UJf
lWf
1889'
SMrrrnpoll.
87.078
1889
hull.
(
A
1886
1888
188B
863.239
399.467
828,214
297.702
3 .2,370
817.10
878,045
248,140
834.075
(90.733
WS/m
310.106
846,086
121.364
118,677
101,001
107.800
118,788
11.409
103.948
136.S88
105,900
106.181
137,715
154.685
129.720
12H.M57
145,043
189.095
144.505
158.535
201.671
uBjut
167.189
166.152
I8W.XVI
203.5X8
887,038
149.772
151.407
174,192
197.34s
210.408
213,579
11 3,55 J
334,3c 8
II I.4B0
1
86i
118,391
108.683
lo0,6:i;
180,474j
_
1898
1887
1888
1889
200.4119
134.633
249.461
2191,931
187.350
348,738
257.133
290.839
848385
275.627
412.871
8q. ok Weai.- m.).
(157
1887
1888
1880
(157 m.).
(157 m.).
(157 m.).
1,540,680
1.473.400
174.358 2*4,410
212.948 863.481
181.779
261,641
239,011 "291,692
254,781
883,334
877,443
287.024
350,677
SU8386
3.851.110
3,570,645
3,396,711
1983*6
172,330
176.911
101.40-
(16307
174.306
175,668
179.282
207,000
192.7711
283,868
178,813
888,790
(58301
178,139
241,011
318.886]
232.36.1
253,797
22,181
282,5811
258.238
(873M
(88,178
299,209
258.877
334,487
272.481
272,185
328,640
223.311
270.148
871.179
213.300
865.034
2^2.621
806.U0
(2,741
(2.895
(3.277
(3,508
428.113
303.314
876,657
424.439
476.034
314.316
400,593
450.079
479,880
345.502
409,361
464.001
402.06.1
1
379.544
473,471
516,308
537,443!
80.176
112,538
87,316
107,171
list. 164
1-31.381
84.057
106,284
113,639
116,180
to 2,892m.).
to 8,277 m.).
to 3,493 m.>.
to 3,46m.).
480.330
571.421
708.607
594,240 888,116 903,484 983,731 1.077.356 1,100,026 1,386,388 1,372,673 1.443.667
535.728 1,080.670 ,121.006 1.040,2 '8 1.149,102 1,808,576 l,20iO88 1,408,210 l,0;4,881
916,085 1,307,178 1.444.868 1.537.289 1.610,117 1,603.585 1,665,801 1,711,875 8.363.686
1389,808
3*4.2 ifl
370.761
4:15.904
551, 414
651360
416,353
131.469
136.181
140,301
102.317
131,033
130,145
183,274
856,880
331.764
407.238
487,730
887,407
886.038
433.9 is
517,367
319,825
404,724
430,210
433,046
331.712
433.851
467.776
535.875
887,708
410,811
267.337
406.428
409,727
3,852.058
427,66
449.461
838,886
668.845
543,804
802,087
608.62H
600,808
538,066
472.944
452,632
457,808
490.286
49D.538
3,474,616
6 213 027
6,iO3,S04
274.180
295.219
304,827
318.922
fflj.
305.758
390.897
292.9 -'0
300,863
870,198
300.894
870,079
298,450
868.035
296,183
20 7,701
313,970
234,618
274,259
278,598
856,198
m;).
874,430
811,038
290.678
289,265
305,784
240,810
441.247
362,745
430,858
457,103
558.733
434.756
407,973
417.518
480,345
426,488
507.550
513.615
3,421,536 3,519,475
1,851,771 8,988.783
4.193,681 4 379.454
4,528,746 4,421,156
3,901,855
4,410.433
4,326.562
4,706,136
478,i
53
438,164
308,119
297.924
289313
291.523
481,7:35
444,731
630.697
641,478
3,862,617 4,178,580 4.336,101
4,342.834 '4,865.040' 4,91 1,853
4,6S0.O46'5,027,76O 5,030.403
5,033,370 5,301,810 3,931,020
481.831
414,374
638,004
570,959
460,081
423,776
556,053
487,846
633.O80
537,203
8,827,832
4,128.365
8,368,984
633,300
615,048
731.719
519,182
616,037
403,152
518,819
585,531
5344368
4,356,677 4,585,300 1,674,052 4,737,351
4,980,521
4.882,413 5,800,03 5.333,427 5,148,156
mi 1 5,424,783
5,241,674 3.9
4,347,818
4,735,154
4,860,851
4,428,216 50,379,088
4,892,854 55,671,819
4.808,0,32 58,172,077
951,881
996,003
S87,27o 0,502,839
847 .333 10,196,967
56)311
543,350
':
(373 m.).
(878 m.)..
(378m.)..
(873 m.)..
63.808
68.578
84.257
83,566
84,612
79.630
92.359
63,862
81.039
87.470
60,178
47,877
40.137
58.048
59,84"
44,439
50.834
49,704
53,235
49,246
81,573
55,23:1
60,70:1
67393
8.1,999
82.160
76.365
83.008
76,331
71,403
60,068
53,714
44,383
67,864
63,967
80,017
86,873
69,829
74,3*3
78,527
50,148
87,860
73,826
41,003
30.819
85,884
42,169
29,316
87.503
37,776
41,025
24.058
85,039
32,557
38303
23,210
20.910
38,807
43,304
37,547
37,334
1889
(296 m.)..
(296 m.)..
(298 m.)..
(296 m.)..
1886
1887
1888
1688
(355 m.)..
(355 m.)..
(355 m.)..
(855 m.)..
03,832
110,281
144,362
108,618
103,720
129.914
132,902
132.041
134.764
133.803
170,700
186,387
121.433
141.H88
170,718
188,580
139,677
150.333
185,480
181,908
137,668
151,079
160,059
84.574
49,949
50.674
78,467
42.308
49.837
56.891
71,723
45,837
65.483
68.833
88,630
40.683
66.807
46.061
73,418
38,713
57.331
62.724
44.088
68,1:15
42,373
65,300
184,576
213,198
252,312
201,640
234.u58
203,923
254,181
251,681
207,838
237,086
251,507
261,388
235,851
261,617
272,036
m.)..
m.).
m.)..
m.)..
68,181
78,840
78,603
61.187
66,846
77,663
80,863
60,410
76,582
74,487
88,316
41,838
78,267
61,541
72,358
(775 m.)..
(775 to 1)40 m.).
(1,162 to 1,215 m)..
...(1,284m.)..
125,691
101.034
311,470
268.748
138.332
164.636
220. 162
847,957
143.436
182,868
(03,181
838,811
88,203
(815 to 930
(963 to 1.190
(1,212 to 1,839
(1,829
m.)..
m.)..
m.)..
m.)..
275,313
288,844
381.220
390.10
4O0,8e3
889,062
851.407
446,435
488,402
332,289
(225 m.)..
57,122
fc.857
64,511
64,083
67,385
81,013
405.539
450.250
482.421
391,000
Western North Carolina-
(290m.).
(290 m.)..
(290 m.)
..
Rome Wntf rtown A
.
Ogd'burg
(648 a..)..
(643 m.)..
(643 m.)..
II.
Arknnsns
Branches
(188 to 188
(188
(303 to 242
(242
dfc
Tcxaa
aul A; Duluth
(22'.m.)..
(230 to 239 m.)
(857 m.)..
.
.
St. Paul Minn. A: Manitoba.
Southern
(S,030m.)..
Paciflc Co.
1886
1887
1888
I860
At Pacloe
1888
1887
6888
1880
3511,172
390.930
434,705
1.488,089
1,737.353
1.727.332
1,918,103
(818 m.)..
(818 m.)..
(828 no,)..
216.533
2^8,012
250.588
.
Wisconsin Central
1887
85.161
93.675
0.1.4 15
67,304
86.838
80.774
783,444
870,416
0,3,757
40.061
56,033
41,846
60,726
42,42
63.878
73,140
65,301
75.710
87,750
68.050
72,710
77,712
51,303
61,278
71.030
610.134
562.934
645,6*8
123,321
133.797
151.823
200,814
188,023
151,304
171,810
102,230
171.266
178,776
175,363
803,867
164,614
161,503
1
183,:i5)
154,518
43.068
65.880
48,810
68.4S8
40,180
63,703
56,637
73,636
60,366
68,555
58.726
71,708
872,317
297,226
331,379
891,480
347,774
353,362
301,023
338,182
316,80:
331,120,
313,4-3
64.006
67.645
70.349
81,839
53,870
63.606
66,811
81,851
67.183
68,183
65,104
73,613
72,006
84.700
78.303
101,188
103,519,
103,378
173.718
309,065
833,930
126,234
183,587
231,131
217,128
148,803
180,135
218,13
261,566
145,217
221,038
271.733
314,113
165.579
233.033
267,333
378,601
354,809
481.073
4O2.80J
431,811
419.467
403,267
537,372
454.830
506,877
460,048
390.483
423,140
537.468
378.901
479,566
503.486
57 7,78.1
532,631
664.049
83,876
89.763
82,531
79,380
98.958
93,016
101.561
84,818
118.630
141,856
132, 143
102,774
154,003
139,137
161.878
161,505
180,357
151.433
155,0016J.535
120,767
210,721
J83.518
170,781
139,518
212,235
206,434
169,983
173.630
601,910
816,736
686,657
433.463
573,517
743,455
630,180
479,604
671.826
621,311
825,263
633,789
627,764
819,793,
681.9:11
736.720
013,352
847,800
805.3
950,678
81.871
65.595
2,008,420; 2,486.197
2,503,052 2.239.64M
3.216.765 3,463,791
3.514,772 3,148,683
(4.510 to 4,501m.)..
(4,504 to 4,771 m.)
(4,705 to 4,816 m.)..
(4 816 to 5,161 m.)..
1888
1680
91,072
100,238
101,411
01,478
553,012
482,23
74,0.85
429,370
524.569
516,675
Onion Paclnc
61.330
86.011
62,133
71,424
410,15'
43i.so:i
186383
(1.487 m.)..
(1,487 m.)..
(1.497 m.)..
(1,497 m.)..
1888
1889....
807,038 973,770 1,036.989
860,499 1,086,913
873,614
0J8.623 1,033,487 1,170,034
75.1174
137.087
14.251
113.075 1.558,898
148 733 cl,8-2,873
14S.S11 cl,846,980
210,815
50.831
30.1,38
48.277
60,533
67,240
42.163
62.511
63,036
535. 68
322,349
280,317
891,831
264,161
267,363
8.222.807
3,368,104
88,773
106,186
97,604
121,865
80,440
93,138
b2,108
83.302
80,358
106.422
803,991
062,480
049,307
208,581
331,653
323,605
238.514
201.127
333,-6
1.818.406
2.670.568
3.072,348
459,748
632.369
516,075
604,041
510.74
535.501
4.874,687
6.289.345
5,773,251
147.140
115 651
177.1.13
188,981
1,553.036
1,691,310
52.75'
62.364
60.690
76.803
682.81
668,9m
388,635
78,605'
01,075
87,670
1:10,786
172.7--2
208,883
473,261
4 78,772
494,003
431,330
167,:i97i
150,966
106,593
6s;.:176
182.70'
317,453
374.728
542,673
819,494
619,181
600,68!)
112.836
81,810 cl.521.918
679308
810,3511
665,098
813.030,
765.124
693,697
789,005
645,183
U
050,057
1,
,06l,80.>
972,673
1
810.514
1,168,343
040,800
700,161
005.261
868,050
7.427,338
8.7:36,304
0,231,91*
,340,155
'
(4,896 to 4,940 m.)..
(5vl08 to 5.515 in).
(6,576 to 6,9.(1 m.)..
(8,916 m.).
1886
1887
6.376,257
6,370.707
i
(1,475 to 1,800 m.)..
(1,850 to 2,651 m.)..
(2,651 to 3,024 m.)..
1886
1887*
1888*
1889
733,742
846,605
615.3.-8
'
Han Francisco
1886
1887
1888
1889*
396.691
97
(274 to 290 m.)..
1886...
80 1,603
i.
699368
Virginia Mldland-
408,051
4,651,:170 5.OV3.012 3.006,50
676.159
678.079
770,309
Ac Greenville
889.688 13,320.552
1,181,773 13.854.320
1,481.523 18,060,104
208,918
315.919
401,183
668307
1889
1.61-1,140
1,8J8,012
886,654
337,328
801,333
741,345
825,351
1886
1887
1888
151.784
4.899398
367.717
413.13"
334.373
131,023
66630S
Augusta
4,
2679612
39:1.361
784,117
810.537
fc
188300
513,555
378.100
408,811
370.183
412,603
773,313
828,085
084,533
1886
1887
666306
335.431
822,693
875.501
311.078
734,677
867,171
888,748
1888
107,735
129.004
100368
,188388 1,193,159 1,626,994 1,653,418 1,632,136 1,797,177 1,023.381 2,061,471 2,125.361
m.).
m.).
m.).
688,828
831,640
625,472
1887.
1.130.440
1.305.184
1,445,001
94,846
131,475
146,655
145.365
97,841
118,968
183.28-
.
1886
112.545
115.643
123,604
483,150
542,453
438,114
.
Me*'
5340,081
816,823
501.291
5s6,xi0
.
St. L,onls A-
3,051,377
432,536
Danville *y si. -in
1886
1887
1888
.1.901,311
485,85'
439.308
447.230
495.670
528.996
802,437
(3,525 to 2,1103 m.)
(2,809 to 2.633 ro.)
(2.633 to 2,749 m.)..
St. I.ouIh
320,786
411.307
513.560
486.614
435,171
330.801
(All lines east of Pittsburg & Erle)(38,350 to 2,322 m.)..
(3-3323 to 2,346 m.)..
(3-2,848 to 2,369 m.)..
188P
(2.889 m.)..
T.
501,138
818,921
460.147
614.022
426,081
471,200
299,3114
1888
1887
1888
A.-
M7.788
448,465
450,516
381,180
469,383
626.447
434,3:13
430.961
488,800
454,751
435,191
331,789
2711.305
91889
ennsylvanta
Alton
1.985.149 23.008,507
3.089,985 24.464336
1.942,590 24,666,014
400,123
514.917
452,441
464,749
(836to981
Columbia
8.048,518
8.183.240
2,072.644
31.8,065
218.907
(685 to 742 m.).
(742 to 752 m.).
(752 to 855 m.).
1887
Charlotte Col.
390,773
2,945.063 32,651,015
3.329,081 30.296,034
3,000,851 35.283.534
350,768
403,016
NaT. Co.
A-
1888
A
!
1.887.505 1388366 2.051.095 2.239,877 (384368
8,066,573 2,1.11,200 2,180.675 2.183,657 (300316
2.081,053 8.169.914 2,223.012 2.177,418 2.310,353
2,105,709 (319,663 2,520,348
(386388
8.400,771
3.055.917
3.125,880
3.336,804
8,004,842
823.126
(616
(616
(623
(623
1378348
809311
335,701
321,814
408,7t8
428,811
m.).
m.).
m.).
m.).
ot MississlppI-
1887
1888
1889
411.351,
41 0,325
275.482
235.123
93.470
1886
1887
1888
1889
Richmond
314,504
(393M
2.7.1.6-:.-,
267,550
683,691
806.512
417,960
Northern Pacific
Knilwny
74J>88
98,311
116,864
81.470
320,833
430,097
378.410
422.304
1,951,877
2.098.955
2.178.857
1,997.311
813.760
261.571
91,020
1888
1867
1888
1889
2,:il7.8.,i
1
northern Central
Texas
149,184
136.414
110,427
(823 m.).
(877 m.).
(377 m.).
(377 m.).
1889
St.
161,854
147,684
140,600
277,307
822.470
418.342
441,235
(811 to 533
(533
(554
(594
1886
1887
1888
1883
1889
180.911
146,017
143.340
.84,813
87,801
107,770
88,471
110,526
Norfolk ct Western -
1886
1887
1888
1889
270,934
864,518
386.953
383.713
81,680
81.581
119.527
103.247
(490m.
1888
flew York
1887
1888
1889
Ht. I,.
1888
18B7
1888
1889
3.180,681
2.833.783
1.631.604 1,851.486 1.793.331 1,741.386
1.706.070 1,761,182 1.916,403! 1.868.182
1.718.488:1,1-811,477 1,982,88411.628.378
1,747,0761,851.496 1,617,148 1,778.885
891383
8
:
1
215.892
277,059
357,78'
Total.
8
167,834
HI. 32
190.161
2.716.704 2.538,483:2,649.tl09'3.748.777 3.834.844 2,806,216 2.850,191 8.273,771 3,366,100 3.173.706
2,710.150 2,461,730 2,861,51.9:2.712.372 2.893,851 8.111.448 2.951.919 3. 100,984 3,392.298 3,436,816
i884m.)
Dec.
204.799
(87,143
219,948
(1,490 m.).
(447 to 400 m.
(490 m.
1887.
1888
1889
(sun
3385.095 2,287 839 3,759,266 2,363.544 3.542.632 8,661.345 2,677.836 2,980,974 8.03-3,548 8,19038
3.714.710,2,454.831 8,919,810 2,901,74" 8,887,020 2.817.111 8,779,19- 8,333321 3,438,553 3,3:14,1101)
Wenl.-
(
993310
108.416
93,837
185.519
243,094
270.808
293,080
Hew Vark A New England
1886
(4,1
808.432
346.0*8
312,512
108.037
219,140
(1,833 m.).
(1.613 m.).
(1.813 m.).
(1,612 m.).
1886
1887a
Oreiion
160.856
(41390
100.161
(86.0111
(1.441m.).
Nov.
Oct.
(
83
110.519
603310
I8430S
(1,441 to 1,447 m.).
(1.441 to 1.42H m.).
New York Lake Erie A:
Ohio
Sept
818.4 V
HMO
H. Y. Central A- Uld. Htv.-
Aag.
July.
H
MUM
.
1888
I860
June.
(Concluded).
181X018
86.600
m
1887...
Mar.
April.
142,712
162.071
117.84",
(687 m.).
(687 m.).
(887 m.h
(687 m.).
HI. 1 .mi i,
(580 to 600 m.)
(600 to 62 7
.)
(827 to 650 in.).
(652 m.).
1886
1887
1888
1888
149,138
(47,796
168.4.V
234,63s
120.002
101.366
100,384
93.172
73.0-.1-.
(851 m.).
Ohio-
1886
1887
1888
188B
Mnali vl Hi-
145.443
184,132
lr.i..".',',
_.
(861m.
(351m.
oV
157. "on
l:N.5'5
(851
18(48
100,832
149386
.V St. I.ou I.
I8oo
1887
Habile
Feb.
Weet.-
(551 to 573
1386
Hill.
5:11,393
2.409.123 8,553.673
3.0:15,811 3,03 4.323
3,892,880 3,867.895
3,452,029 3,748,318
361.053
522,565
531,169
477,685
333,078
454,346
448,823
436,120
4 K),95
4 72,927
464,663
1.815,141 1,851.208 3.113.440 2.811.448 2.26:1.821
1,673,811 2.571.385 3.343,153 2,138,277 3,506,833
1.917.818 2,513,108 3.530,343 3.313,191 2.481.263
1,745,758 3, It 1,631 3.153,288 3,311.715 3,503,230
8.442,0*8
2,470,172
2,541,061
3,716,573
432,773
456,573
463,068'
484,113'
231,482
255.472
211.012
343.780
894.468
880.488
423,739
377.069
438,036
469,973
419,908
816,448
473.005
450,248
,196,376
(85318
268.710
386.523
8J6.38I
.103,8 1 7
334,317
316.331
311.290
,138,303
353,010
837.606
371.661
(300.041
3.735,224
4,170,715
2,904,516 SJ.1 10,158
3,632.30 33.773,146
3.977,693 40,699,614
651.603
738.363
683.115
778,879
714,511
787,001
650,337
700.493 cO.013,303
630,070 6.1-33,769
633,871 6,374.386
8.517,793 3,788,134
2,68o,o|a.f4.i,"--o 3.034,466
8,5<7,.158!2.667.e.i5 3,931,334
3,'H4,188 2,093,523
8,331,431
2,343,513 36.603,797
(,843,378 28.537,786
3,330,426 29,260,884
3.780,335 2,591,729 2,717,107 2.807.611,3.013,635 3.075,813
1,293,160 3,051,938 3,303.801 3.716,576,3,411,823 3,913.714
3.864,297, 3,721,714 3,7.19,659 4.151.623 4,071.8 ;l 4,5-23,751
3,751,971 3,634,768 4,026,134'4,310,413 4,393,789
413,311
478,883
4877,477
507.743
668367
513.377
526.480
558,437
2,5
357.573
:l77.o;i
363,683
3 J 3,320,
419,3311
(397,583
3,638.833
i
420.763' '414531
895,784
421,811
333.539
335,706
273,189
278,870
3,723,10
3,808.04
And 66 miles of canal.
October 1st earnings are Ktven after deducting proportions da i to leased roads operated on a percentage basts, so as to preserve the comparts
with other rears.
c.BmbracIng corrections f onnd^nec usarr after m onthlr totals 6aa]oeea pnbllshed.
*
Approximate ngnres.
fFrom
3-
@FedFRASER