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RAILWAY AND INDUSTRIAL
SECTION.
PAGES

1319

TO

1498 INCLUSIVE.

GENERAL INDEX.

Pagb.

EDITORIAL ARTICLES—
ANTI-FRICTION BEARINGS

1323

INrOMBUSTIBLE CARS
CONCRETE FOR RAILWAY PURPOSES
STEAM RAILROADS
INDUSTRIAL AND MISCELLANEOUS COMPANIES

1325
1325

-

NEW YORK AND BROOKLYN BANKS
NEW YORK AND BROOKLYN TRUST CO*S
N. Y. AND BROOKLYN FIRE INSURANCE
(

i

AS COMPANIES.

(See also

1327

....
....

CO'S
"Miscellaneous.")

-

-

-

1491

-1491

RAILROAD EARNINGS MONTHLY
INDEX TO RAILROAD COMPANIES CONSOLIDATED, ETC.
INDEX TO MORTGAGES AND MAPS

tW We have no extra

1491
1491

-

-

1465

1492

1494
1496

copies of this Section.

OctolDer* 24, 1903.
WILLIAM

B.

DANA COMPANY, PUBLISHERS,

PINE STREET, corker PEARL STREET,

NEW

YORK.

entered according to Aot of Congress in the year 1903. by William B. Da*a OOMTANT.ln Office of Librarian of Congreae, Washington, D. C.
A weekly now. paper entered at Post Office. New York, a* second-ela** ruatier— William B. Dana Company. Publisher*. 7W» Ptna 8L. N. T.

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RAILWAY AND INDUSTRIAL
SECTION
OF TBI

C ommercial
Entered aeeordtntr

A w»«k)y

t/>

Aotof Conirree*

newRnai

In

the year UX)3, by Willi *M
nmr...

.

.Ww

NEW

Vol. 77.

The

F inancial Q hronicle.

&
York.

M

B I>**n

•

>mpa*t, In theottloeof Librarian of tTonjrress, Waeh1n<rton, D. O.
WlIAIAM B PAWA OOMPAITT. F»bHiaWt.
PI— SL, M. T.

<'

UK

Ittf

YORK, OCTOBER

merely

lubricating
The Railwat and Industrial Section, Issued quarterly, Is also
furnished without extra charge to erery subscriber of Mm C'iiuosiclb.

The State and Citt
rt hout extra ciarge to

mu

Section, Issued seml-annuully,

Is

doing away with

lessen

every annual subscriber of the Commercial

Thb Stkret Railwat Section. Issued three times a year, Is likewise furnished tritAout extra charge to every Chronicle subscriber.

it.

There are some known

the most effectual device for reducing friction

The Bank and Quotation Btettoa, Issued monthly, Is also furilshed tetthout extra charge to every subscriber of the Ciikomclk.
Terms for the Chronicle, Including the four 8eotlons above named,
ire Ten I>ollars per year within the United BfcMM and Thirteen Dollars

move any heavy

Chronicle are

sold at 50 cents each; postage on
File covers for Sections oan be hud at fflllltt for

18 oents.

Is

uuue price.

v-Messrs.

Lo.Ni'
C.

C,

Edwards A

Smith, 1 Drapers' Gartens,
take subscriptions ami advertisements, and supply single

will

loples of the

object

B. DANA COMPANY, Publishers,
Pine Street, corner of Pearl Street,

WILLIAM

New

ALTERATIONS IX
It will ho

noted that the

appears this month as the

York.

81

ui.way and Ekdtjbtblax

[Index the direction of the Tost office Department we Were required to drop the old form in part,
and hence iri adopt the above as mote nearly describing
its contents than any cither.

now

cog-wheels;

if

In

nil

TLFRI0TI0B

mechanical work

fnnstantly as gravity

•

l;i:.\hi.\

must be consider,
indeed, the two are very closely
friction

(wholly distinct from that of inertia) Del
nibbing or sliding on one another.
could be made and kepi absolutely smooth, there should
•

bodies

I

but smoothness

,

and polish are merely

degrees of roughm

All surfaces of
or jagged, little

toothed, and that friction

locking teeth

terposes between

partly

lessens

temporary

is

the teeth

the teeth

readily,

as wheel

dragged straight

off.

A familiar example

of a rolling contact

the grind-

is

stone on two pairs of small wheels; the axle rolls on
these wheels, while the wheels have a sliding friction on

own

their

bearings, but the motion of the latter

All wheels which

compared with

at the axle

the large travel at the rim. so that friction
in

practice;

still,

friction
like

is

it

slow.

is

on the ground have the advan-

roll

movement

tage of a small

tact

bearings

in

by

is

gravity

of power,

being

in

reduced

is

a great waste

is

interposing

been shown

effective these are has

so

useful

into rolling con-

steel

balls.

in the bicycle,

good work of that remarkable vehicle

la

that

it

II

and one
has not

only caused improvement of roads but has turned attention

more strongly

ami

to

friction

de\ices.

Bella terra

well for light machinery, but if applied to severe work, as

on railroads,

they would

loads and shocks; even

and

liner,

and

if

inevitably

made

fail,

larger,

under heart

they would chip,

them
their

a

Polishing
hardening makes
Lubrication

in-

more yielding material which

hold:

e\en water

effect of lubrication, as

has

a

being also a destructive agent in a bearing.
The
meets the objections to the ball in baring a vastly

roller

surface of contact

r

earning any required

ether.

hold on each other.

ball

may

the resistance of these inter-

when dragged over each

teeth shorter
less firm

effect

rolled

the wheels are

if

be in

to

they are rotated or

and the surfaces on which they run would crack, a broken

materials are in some degree rough
projections on one hooking into little
all

hollows on another; for convenient illustration, we
say that all surfaces in contact are as if they

makes the
them take

simple: referring to the toothed

is

we could not live without it.
The chief device for couvertiug sliding

tlie latter being largely a cause of the former.
aon may be defined, for the present purpose, as the

friction

to

and

it,

that

associated,

be no

known

by aid of a roller under

is

and leave one another quite

will enter

notwithstanding
.t.N

to sub-

ahead their resistance can be overcome only by breaking

rrLEMllXT.
Lwi^TOES' SUPPLEMENT

i;

is

been

has

It

suppose those surfaces are circular, so as

teeth always do, but

Post Office Box, 958.

—

surfaces in contact (as mentioned above for illustration),

at Is. ea3h.

I

contact.

from the earliest recorded times that the proper way
the philosophy of this

[which Includes postage) in Europe.

same

of arrangement

expedients

for example in clocks and watches, brass and steel being
put together because they wear better than all steel. But

stitute rolling for sliding

die

poliahin

resistance without

frictional

furnished

Financial Chronicle.

File covers of the

No. 2000.

upon a wet stone; but hardening and

steps

Investors' Supplement.

24, 1903.

feeble

one discovers when he

own; the
of axes

and thus being capable of
but

ball is a short roller,

and thus able

roller has only

friction if

it

has a difficulty of

in

infinite

means

of holding

This
it

it

their

c:

constantly

in place tends to

If the rollers a r e held from

by putting

its

number

any direction, but the

gets out of alignment.

friction.

of parallel

to turn

it

having an

one axis and therefore binds aud

tends to do, and any

make

load,

getting out

ends in rings, the ends lisvt

RAILWAY AND IXIH'STIUAL SECTION.

1324

[Vol. lxxvii.
bearing, and

a sliding contact; for this reason, us well as because this
arrangement is comparatively bulky, they were Long ago
abandoned tor balls in bicycle construction,
But there is now a very simple improvement which

one twentieth

aims
make roller bearing! practicable on machinery in
general, including the wheels of vehicles and such heavy

they estimate

work

cent of the total indicated horse-power could be saved by

that,

must be done on

and railway

trolley

cars;

it

bearing and lh to

roller

could

is

we are now concerned
The reader can easily imagine the axle of a car
within its bearing-box and rollers interposed between
the outer surface of the axle and the inner surface of the
box; this is a roller bearing, and we will endeavor to explain, without the aid of cuts, how the rollers are kept in

one

rings,

each end

at

triangular ribs riveted

form distances

So

form a cup or

Each

whose ends are

the arrangement

far

and in

recess,

this recess are

and

•cage with its rollers

axle

row of balls is placed in a collar or nut
and a loose washer is also placed

at each

axle,

and the

but these parts are

at

when

the

about

them

and although each

alignment;

The touch

balls

have nothing

it

to

side-shake of

the axle

is

service

is

is

On

so

heavy

literally, for to

in a hearing
••ontact

is

so slight

is

wholly eliminate rubbing contact

and the rolling motion

to

Yet

this

so nearly

com-

we may admit

plete, that for all practical purposes

bearing

this

be frictionless, hence indestructible by wear

and not dependent on lubrication; a little oil is put in
and stays in mainly, it is claimed, for preventing rust.
The reader of some mechanical tastes has probably

—

"been interested in the foregoing; the reader without such
(tastes

may have been tempted

is a ver\ practical side to

toel axles running "

As

which have a

Here

swiftly.

is

" acceleration"

assists

and may be vastly

when opened.
railways generally,

to

well to point out once

it is

more that the railway of to-day carries freight at greatly
reduced rates, and still manages to pay interest and dividends, not because clamor and statute have compelled it,
but because physical improvements have enabled it to do
so.
These improvements have been mentioned; better
roadbed, bridges and rails; larger cars, much larger
engines, making more steam, and getting more out of the

But another reason

fuel.

is

that heavier trains can be

to

pass

by.

it

Vehicles

it.

plain "

(/.

its

own, but further cheapening of
must be able to haul more.

The

original inertia having been overcome,

power for
expended and required only by resistance of
grade! and curves, of wind and still air, and of friction;
since motion is really as "natural" a condition to a body
hauling

is

away

as rest, if these resistances could be done
cost of hauling trains
(

Irades

of driving

in

and curves are constantly studied, and

a

Armour

to

the

Institute! of

Ago, comparative
<sar.«Lowed

report

that frictional

generi-

is

is

a considerable

breakdowns.
two professors

Technology

tests of

what

constant outlay for renewal

of

in

tacked at

all,

except in a few experiments

bearing on

resistance in

account
subject

is
is

so serious a

the

a street

Starting

il

not

effect as theory

zero.

known

prevented; yet there has

ot'

inat-

which as yet

would

indicate.

— the

repair

reminder that forgetfulnea! of the
not.

been, so far as

are aware, any considerable effort to do
the best service out

in

Chicago, three years

this roller

it is

Yet there that expensive straightenings of line return a good
have terest on the outlay. Air resistance has not been

composition softer than iron.

•«f parts, plus that of incidental

According

in

bearings generally

power and

with, the

would take a large step towards

Friction in bearings has not been negleected

«eally called babbitt metal, a

rates

requires that an engine

generally

with a rubbing con-

c.,

siderations of

cating; car wheels have axles running
cost of friction

of conse-

so to the

have not shown as much

The

is

heavy
which must be performed by our new metropolitan
to electric lines

tact) in an iron box, requiring careful attention to lubri-

waste

be of

and that there moved because there is a decreased comparative resistance
extravagant and incorrect, in the train-load. Increased speed involves some con-

a mechanical impossibility.

is

The

thus evident.

is

to cars,

obviously

parts rub together"

"rolling contact only "

laken

roads

of roller upon hall, as

the rollers, which have a large

carrying load

"no two

in

still more rapid
room for an agreepower consumption and repair bills;

able reduction in

quence

half that thickness and 9 inches long; their great super-

claim that

bearing must

trolleys,

little

moreover, whatever

5 inches in diameter, and the rollers are

iority over halls in

anti-friction

motion and wear out

revolves

roller

bearing-surface and are of large diameter."
•cars

move.

to

not attempt to estimate; hut the

will

Confining the application of the matter solely
a practical

roll-

do with carrying the load, this

work being performed by

we

latter

on the motors, which revolve very rapidly, and perhaps

true, as claimed, that " the

is

The

power required

decreased

tion, as well as the

end of the

the cage travels slowly around in the bearing-box,

light and casual that

railway cars

approximately three times that

is

the renewal of the u brasses,*' the costs of time and atten-

each end of upon the

quite different from revolving on

its balls, this is

as in a hearing.

On

initial cost is necessarily higher.

the cost of the hearings

great service to electric roads, not only on the wheels hut

In operation, the balls on the roller-ends hold the
in

road by one-half" and

single

a

continuous con-

not in

balls revolve only

To

the axle brings the surfaces momentarily together.
ers

of the

saved half of the lubricants.

around

revolves.

provide for shake or play of the axle endwise,

tact,

another that " roller bearings

in

capacity

increased the

balls. delays and hazards of a "hot journal" are incidents
and the the experience of most travelers.

their balls travels slowly

within the bearing-box as the wheel

roller;

to

in

placed

roller thus retains its position in the cage,

each

set
old;

is

that each roller has its ends turned out to

is

As

rollers,

apart, are on spindles

into holes in the disks.

the novelty

The

in.

bearings, and that 5 per

and connected by of the ordinary ones: but against this, it is claimed, may be
which are at uni- set the saving of all the lubricant and the cotton waste,

the rollers,

ot

the.se

some unnamed authority that

was made and

friction

The
disks or

to mills,

one case an actual saving of over 30 per cent in moving

position.

a pair of flat

As

on the main bearings of engines.

using rollers

trolley cars, they quote

it.

is

get up

to

15 per cent of driving power

by using

be saved

in this latter use particularly that

are in a "cage," which

plain

2 with the plain.

that 10 to

with

They

the

usual speed under usual conditions will he as 1 with the

to

as

as great as with

with an average load, the power required

plain bearings.

we

more than get
It is

not neces-

made for the roller ball bearing
made; but when they are considerably

sary to accept the claims
at their full

M

discounted there

is

enough

left to

suggest whether anti-

friction bearings are Dot practical in railroad

work, since

—
RAILWAY AND [NDUSTRIAL

Oct., L903.

We

they arc strictly mechanical.

them

difficulty in

ami

there,

if

see no insurmountable

a

farther

taken in improving railroad efficiency,

own

find Lis

step can

t

lie

Investor will

lie

Btrong claims in

return improved*

nomy
ailroad

->

car

OMBX 8TIBLB 0AB8.

The

summer

disaster of last

in

economy

repair

the Paris tunnel be

gan with incidents familiar in railway disasters—the
stopping of a train and a rear end collision from a following our; hut the taking fire by an electric Bhort circuit, the burning of the cars in an ill-ventilated under-

••

is

point of discussion

thei>

of

testion

main

the

"i the

is

that the steel car

•

i-

passed beyond query, though
favor.

adm

eral

to

Car Builders

of the
result

Put

in maintenance.

doubt

in

still

compara-

weight; ami

pronounc*

come

has

their

to total

i

and

I

that the steel
l.\<

paying load

id'

their advoci

phatically

and

trengtb

tively large prop* rtion

although

132.

n>\.

Its

enemy

worst

Bervice

in

is

its

in

|

ru

..,|
fall,
ofthe instance, has the paint scaled oil' its i,,:, ;,,.•
and the added peril from the ing into it, ami the water and sulphur present in M>me
entrapped passengers,
locoIt is ci-y to grades of coal are said to work rapidly.
Charged rail, were a dreadful novelty.
of an all-metal car which
Criticise the management and to he wise after the event; motive tender Is an example
and yet it docs seem most strange that any municipality has been for nearly a half century under conditions resembling these, so it seems that there should be discovercarry thoughth
iration could
or la

failure of the lights, the panic

ground tunnel, the

.

as to

r

duty

propelling

of

such a calamity

that

eii

,

make one power -plant do the double
Prompt assurances
and lighting.

any American subway j that

New

York there

impossible in

Boston there

in

and in
way

is,

a lighting current in no

he.

will

is

connected with the [tower current, so that darkness cannot

any mishap;

follow

against

cannot he overestimated,

precaution

every

The importance

he taken.

will

tire

that

also

of all this

onderground transportation

for

growth.
impossible not to see that Mr. Weetinghouse was

Avenne

unwelcome

his

bas lately

lie

named

a

last

own m
number

its

locomoti

iker said

Bp

been

1

but the steel car

almost new.

is

Yet.

lie

the steel car

positively proves that

will last

at lea

and the various savings by its use are BO great that
would be profitable even if it must be thrown aside in

years,
it
ii\

e

years.

The

steel

service

passenger oar

much

so

is

had by using

is

not threatened by

lighter that
freight car

a steel

inducement

the

passenger work should

winter on

for

call

hut which

The

year, that electric driving

processes

case of a train wreck, and

and although some declarations have
c ar
appeared since the subject was discussed in the CHRON-

of requirements for safety

the elevated

roads seemed

protected on some electric lines and

to

wood

of

be
are

fireproofing

greater.

still

available

also

rail

for

construction;

have been found to be excellent

fuel,

there

abundant evidence that wood can be made

-

pronounces impracticable there, notwithstanding the
is

put

to

Steel into

superintendent of that

the

and

rusf.

an economy can bo

if

which he considers within easy attainment.
He does ICLE, a year or two ago, that samples of BO called
not mention the hooding of the third rail, which the sleet proofed wood have been tested by certain nnb ilievei
troubles of Ia8t

first,

adds, experience

Park

declaration, just after the

disaster early in

involves hazards Of

to.

going through evolution these many years ami v
cars have been in course of re designing from the

its

right in

And, as one

meeting just referred

at the

has hecomc indispensable to metropolitan

BCtricity

it is

able met hods of preservat ion.

seems

at

fireI

to

be

least slow-

burning.

Of

Engineer Parsons

course nohody expects any sudden, sweeping change

must work them*
all such changes
The descriptions of the selves out gradually, and the cars in use will serve their
cars already finished for the subway show that consider- time; but certainly the passenger ear that will not dan..led
able etloi
upon making them slow-burning gerously consume ought to be steadily kept in mind as
promises i( shall be in the subway.

upon

stress

it

is

clear whether

not

hum

that nothing which can

can make a smoke
will he tally

the only safe rule

he permitted

shall

manner
the subway

the ordinary

and successfully carried

in

For

out.

not a fair question whether the time

is it

that

a boon to be secured.
or

the inflammable

car

not at

is

pa-

for

it

was

familiar,

and Americans produced

Umg, box-like model carried on a short truck

at each

end because that suited curves, wood was taken in both
countries as the handiest and most natural material.
It
facile

familiar,
it

in

and

working,
has

it

suits

it

set of

its

involves danger from

tire

tools

and processes long

advantages ; but
and splintering-

Store has been nearly abolished, after

and now

that

the

car

partly

or

a

long

wholly

fire

They

are

treated

in use; they

in

&

PURPOSES.

it

is

of the greatest value in pro-

from destruction, both by rust and by

been largely coming into service

this material has

the Ontario

railroad

For an example,
highway bridge

structures.

Western has

used,

it

for a

across a cut in the village of Hurley

in

The

tl

sides of this cut being of such a

tr<

acherous nature that

heavy Stone retaining walls had

to

be built along

was desirable to have the bridge
The car ing with those walls, and concrete commended
tire length, it

Btr

a substitute for

of

nglc tracked, a length
to

span the walls.

Old

riveted

old car

channels

of in a previous

at

have admittedly

closely like that

intervals

i

in

itself as

masonry.

pressed

to

oars have been

—

of late years

V

use of concrete in the steel framed

— where

in n

passengers.
1

the

tecting the steel

is

P"
SUPPLEMENT.

building

office

making its way into use for freight, it is fair
ask why we should not have incombustible cars for

steel

to

CONGBETB FOR RAILWA

we

Just as the English took their stagecoach as a

car model because

is

car construction;

Along with

for abolishing

traffic!

the

in

wait.

But
hand

in

incombustibility.

at least, hut

must

Mr. Weetinghouse lays

with
of

at

steed rail-

for the

their ends, in sets of fours

and wen then
inch

l

were need

rods,

the

by joining
arrangement being

stiffened

wooden floor-beams and

stifTcuiuff

;

RAILWAY AND INDUSTRIAL SECTION.

1326

The lagging

pieces in a building.

was put

for the floor

in flush with

3 inches below the bottom of the

(or

planking

strips)

the abutments, about

rails

;

this 3-inch

space

cinder foundation.

The

[Vol. lxxvii.

walls are left as

they were

formed, except for a coating of cement wash.
The construction throughout is of the u hospital " sort
smooth

—

and

and capable of being washed down with hot
yet as the walls were brushed over
of concrete were placed, and then a top-dressing of the suds without injury
same as the finished roadway outside was extended across with a steel brush before the cement hardened the marthe bridge.
The same railroad is using this compound ble screenings which were mixed in with the facing coat
construction in box culverts in one example rails are were exposed, producing an effect which is said to resemble onyx and to be very beautiful.
laid parallel with the opening as well as across it, and cross
Concrete, as is well known, is a composition of cement,
layers upon these complete the foundation.
An interesting example of concrete in bridge con- sand or gravel, and broken stone, in varying proportions
The chief troubles with
struction is at Zanesville, O., which is at the confluence and mixed in various ways.
In order to avoid stone masonry in railroad work are the difficulty, often
of the Muskingum and Licking rivers.
was

filled

with mortar, on which

two successive layers

firm,

;

:

the necessity of two bridges, the builders

conceived the

unusual and quite novel design of a combined bridge of

Y-shape the two arms were extended so as to cross the
two streams by the union of the two arms at their
junction with the third arm; that is with the stem of the
Y extended from the point of land between the two on
;

the opposite
either

bank and joining the others

stream

or both

at a central pier

streams can thus be crossed by

using two of the three arms of the bridge.
first

built of

wood, but has

crete structure.

faced with

stone

The

now been

This was

replaced by a con-

piers consist of a concrete interior

masonry.

serious, of getting a suitable stone within

distance of the work; the necessity

erecting derricks to handle the

heavy masses, with the

unavoidable consequence of more or
traffic

thereby; the

volving constant

On

cost.

It

is

by wrangles with

the other hand, concrete can

labor;

and

it

also

be

meets other objec-

masonry, and has an advantage in point of

claimed to be applicable to every railroad

purpose for which natural stone

The concrete arches have which

obstruction to

skilled labor, in-

liability to interruption

worked by unskilled
tions to stone

less

necessity of using

unions, and strikes.

a manageable

of transporting and

that cannot be.

One

is

used, and to

interesting use

is

some

for

to re-enforce,

or to strengthen and protect, old stone masonry which has
begun to disintegrate under the weather, or to re-enforce
headed rivets every eight inches, for the purpose of giving walls which are now required to carry a load beyond what
Some ornamental was originally intended.
the concrete a firmer hold upon them.
characteristic of concrete is its great flexibility-shown
features were introduced at the ends of each arched span.
A trolley track is on each of the three arms, with a three- by its ready combination with steel, and by its easy use for
intricate and irregular shapes.
Being moldable, it is like
way switch at the centre.
An important exclusively concrete construction for metal castings in taking any form desired. If properly
station buildings is at Bismarck, N. D., on the Northern built, there seems to be no reason to doubt that in duraThe building is 1S9 feet long and 33 feet wide, bility it is equal to natural stone, and the fear that it
Pacific.
but at the middle, which is two stories high and flanked might not endure cold seems now to be dispelled, while
by two towers, it widens to nearly 51 feet. The street its amenability to ornamental treatment is at least conllence the prediction attributed to Mr.
side is of concrete arches, with the entrance between siderable,
six concrete columns; the track side exhibits the same Edison that railroads will, some day, keep forms for
idea in a less pronounced form, each window having a buildings in stock and when a building is wanted will
bench or seat of concrete. Furniture is of unpolished just pour in concrete and allow it to ''set,*' has ceased to
brown oak in Mission style. Floors are of cement on a be regarded as fanciful
steel bars running longitudinally in their interior, 15 in
number, spaced about a yard apart, and having large-

A

r

<.

COMPANIES.

RAILROAD
(For
EXPLANATORY.— 'I'M*

\nkou8 Companies see paok.s I486

MrsrKi.i.

HtiiMi.EMENT

Is

:.

o

i

expressly Intended foruseln connection with

tin

:.)

m.l

1

lent reference is therefore made
from week to w^Ak In
o In Riven a refer.where fuller Information may be found, following
* item, the rea lei
ilin la
tnttUna a re
the company. Ah by<
rr> «. ami \ini\c* ludloafo a paragraph
i In blael
at pleasure. Anting,
'mi in regular alphabetical «
may be found by nieans of index to roads
Index.— An
>se aotualiy paid during the cal e nda r year* n
.Dividends.— The aivid* mi* tabulated In
i

<

report* published
(m, V. 74. p 000)

official

mcle

m

t.-u

the

oyer the

e

'

it not intere
e [except toe took, for lack of -pari-, sou
on ii. -.t covered bj the moi
a marked), toe denominations oi pa
innum Is here shown *., gold: car

Net turnings are given after dedui
Beeuritiei

.

ids
the ml
Mileiof Rixi'i. Oppostt
Shows (In dollar*
Size or Par Value.
Rate Per OenL The Interest anil dividend rat

When

mi

•

i

ia

i

follows:

$100 and larger

-utfy in*

;

':

I

.ruh.
J .V D
ll Nov.;
M.
I.
Bonds, principal when due, etc -This column shows the 'late when the bonds mature and tl
no. M.
Abitreriahmn In table: M. for "
foi
eed prlnoip
im, for
or cur. f«ir "currency;" roar, p. .v
or "Income mnrtiotge " g for
'•
sinking
f. for
"OUHiiihitK.-; " noii onm. for " mm en miil.it \ .•; " COnT. for " eon vcrtlblc Into ;Stock al holder's op: ion j" pref. for "1 el
be n
»u> principal;" br. " bra
r
fund;"
k r for "land gr*nt;" r. fully "registered <ao eonpoae);** 0. "eonpon " o.* "ooupon but may
'
"endorsed;" "red." redeemable, d'rn" or ••ira-n" subiect to call when drawn by lot; "p. m." "per mllef" aa'd "iisoasl" "x
Mortgage Trustees and Stock Transfer Agents (TK Treasurer's Olnoe) are lmlicaie.l Umn;
Is without lednotlon for auy tax.
'

.

I

;

I

1

New York Citv—
It

•*—

Itltu
a Itu

ndard Tm-t.

Bti

in

ass

t

A Trust

Co.

«.

Boston—

<•

ISC Trust.

Ms

mat.

I-

mi

Mi—

KA

1

1.

l'r.

rrusL
i.

:mii.

I. ..

in

A

Tr.

ust.

.

KC—

I

above.

"A

Preferred

" shares, 6 p.

"A" ueben., red aft Nov
"B" debentures, Income,

1902

Alabama

A

A

Mer. 1-t

M

ifol.l,

91,000

onsol. M.

i

(guar, p.*

I.

etnl.i

I

Vermont— Stock.
AlUi/fleny J H>«'*i-»-Hto, k
<i

<

,.

7s.

••

1881

iss<>

"ii

142
142

K.o'Ar

aterest only In gold....
\i o
guar, by routal).

UC.

12
61
61

riM.x.o'Ar

259
259
259

(4C(.*>00,000|

,

RR

(le

p.A

A

I'lillii

I.

Ken.lltirf

Kv

100

H3

143
143

.JCC*

Ce.c

:t

I iar

)

1,000

100 Ac
1889 100 Ac
1008
1 ,000
1&96
1,000
100
1876
1,000
ls7G
1,000
100
100
1898
1.000
1870
* A *
1870 100.000
1892
1,000
50
1

k Ity. — In 1U0-' merged with the Delaware A Hmlson.
llarberi «. n n,lt Kit.— Owns a belt lino around Bar

\<llr<>ii<la<

Akron A

berton, o.. 84*17 miles m length, with 13*75 miles under construction in Jan., 1903.
v consolidation in May,
!9o2; v. 71. p, 1088.
Mock. 9100.000, owned ciimiih by the Pennsylvania kk.. Bait A
Ohio,
ti„, Viu.lerbllt Interests.
Bonds authorized, 91,n reserved for future requirements,
i'lii-v
maybe
drawn at 105 by lot yearly Dec. I. beglnnm* 18 <-l bj a slnhlng fund
of 911,550 per annum. v.75,p L40.
v. 79, p iu.i
I

1

AlabaniM Oreml southern It It.— sre Haw 6>tsUAani Railway.)—
Owns Wauhati lr.c. IVnu, to Meridian. Miss.. J'.U miles; branch lines
|

.

owned. 6 miles; leases Uauhatohle to ChatUni'o kM.
inil.s.,,
Ry. of Chattanooi'a. 45 tulles; trackage to Blockton, Ala., 8 tulles, and
Woodlawn, 19 mUes; total operated. 371 miles.
Ouganization.— Controlled by Southern Ry., but operated Independ;>

ently. V. tiO. p. 86] V. til. p. 375.
Ala. Oreat So Ry., Limited,
owns all of the stock and debentures of Ala. Oreat 8o. RR., and has
Issued In place thereof its own stock and debentures respectively
for a like amount. The two companies own Jointly $833,300 stock
of Southwestern Construction Co. received In exchange for $833,•00 Cln. N. O. A Tex. Pac rtock. See V. 65. p. 1173.
Btock, Etc.— Of capital took Of Ktutll-h Co, Hm Southern Railway
Co. on July 1. 190 'J. owned 91,725,006 "A" shares and $4,540,050
" B" shares. 7. 01. p 26 Por rU-ht to dividends see Mareh. '94. sri c.
Funded arrears of dividend tBnifllsh Co.), bearing I t>. c Interest,
•53,257; car trust notes, payable monthly to Mar.. 1905, £9'J.

DrviDKNO—
"A" shares. %

)

J

••B" shares. %)

696689
00000000

•Ol. '92. '93 to '95. '96. '97. '98. '99. '00. '01. '02.

6

6

'03.

9 June,

i««0

5.

Boicds,— General M. 6s, •484.000. will retire 1st 6s and debentures.
Latest Earhikos— 2 mos. ) 1903
Oross, $502,371; net, 9191.199
July 1 to Aug. 31.
(1808
..Oroaa, 429,862; net. 111. 01
Ahni-al Rki-i.ki. — Report for 1801-02, In 7.
75, p. 664. In
$2,.49.'sl^; net, $6S5.0lt>; other Income. s"' *8,
atereet
'-• lll( '"""
tHJC
•"to..
-r-.'.-1'J; balance for
SSoi'J
•JH1.1J0; ilivtdeiids ,m stock of Americim DO. iti IX r c nt), $185,437,
dp. a. extra, 9128.699 17 76, p. 994.)
1

<

'

ad

Alabama

F* 7 * A
barna

\o\v Orlenii. Tern.

Ll,1,,l «, d.V— This

A

I'ueltle

Junction Hall-

an English company eontrollttiif Aia
L43 miles; Tleksburg stireveport A Paci:
uilles; New Orleans A North Eastern.
196 miles.
SnconmiiaowBBD. Ala. A Tlckab. 930,000 lei mort. 9887.700 99
BT. $141.1 oo ,-onsoi 1st M and $581,500 stock; ?
-1.336.000 gen. M.. $2,030. 100 pf
,, com
8tfl
^J^anil 8T«nt» bonds. $l.364.t>00; S.
AN
Jl.SOOjOOO incomes and $5,320,000 stock; 8. W.
n Co.,
<

i: V.".

Is

\ Icksburir.

,

.

C

T.£
"O

secured by £34,193 "C" debent.

**B>r****n*

„rN. Deben.P
-A- r:
^°
do

r.

-£
..P.e
c

-

5
21«

555555555

"OS. '93. '94. '95. '96.

24

-875

1

-

notice of

San Francisco -

00. foi Insiir. on
V <ir. Ann.

CH-Callfnni'

Depoatt

.

any error discovered In these Tablea. _£3
Hon,!* -1'rlnol
IN II .Kl .-I' ')K DIVIDIM'-

$1,000,000
*l,56b\000
• 676.070 9
$1,750,000
•526,000
*134,000

pal, When

4»
In

Dlyldend.

D. N.Y.U.S.Mort.ATr.

A)

D.

Oo June 1, 1942
London.
Dee
.Km- J(),'03.5%
do
A J. N.Y..Fann
Jan. 1, UKM
'.-.A M London, (ilyii.MIUsAOo.
1, 1927
-..1906
FA A 15
do
do

J.

1902
6 g.

&

Due.

*7<x-/.«-IJUt

I

I

6

g.

42,500,000

24 2\ 44

$1,050,000
1,000,000
588.800
601.300
875,000
400,000
3.500.000
3,000,000
7,000.000
600.000
3.OOO.000
2.000.000
9,998.000
eoo.ooo
!>2,000

6,'

1.268.881

mi.

-01

5 Below

!$,

24

'02.

5

Bw
5

g.
g.

M A N
M A N

if

A.

Lon..01yn.Mllls,O.ACo Nov. 1,1910-40
Nov. 1,1910-40
do
do
Nov. 1, 1940
See text
'03, 9
9 In 1903 Yearly. ti. Y. Central Trust Oo.
do
Aiir. 1, 1921
6 g.
da
A. .V O.
do
do
Apr. 1, 1921
g
2 it. \. A <>
do
5
do
Apr. 1. 1081
Imago and New York. Apr. u, l'.K13
5 8 A. & O.
.Km. 1, 1946
5 g. .1. A .1.
.1.
A .1. N.Y..D.1. A HmlsonCo July 190 J, 4 >t
9
ilo
Apr. 1, 1906
do
7 our. A. A o.
\pr 1. 1906
do
do
6 g. A. A ().
..o:t.ii«
I'roy. N. Y.
M.iv
M. A N.
3
July 1, '03, 3
N. Y Iselln A Oo.
6 g. J. A
do
do
Oot. 1, 1998
4 g. A. A; O
6 g. or 7 A. A O Phil., Pa. RR. Co. & Lon. Apr. 1. 1910
,'01. etc.
5
J. A .1 Phlladelphla.Pa. RR.Co Jan.
do
do
Mch. 1. 1948
M A B
Incl. $i. 071.400 under KeadlnKCo.mort.
5
5
5

A

')

,

.

-

I

1

.1

,

1

The Nov., 1901, coupon on B debentures was paid Jan., 1902, and the
stay, 1902, on July 1, 1902; tin- ETov., 1908, and May, 1903, coupon*
were paid when due. A payment of -jNj p. o. on "O" debenturee waa
made In Feb., 1902, and 5 p. o. In Feb.. 1903. V. 74, p. 93.
K tusiM.s.-See separate statement for each of the controlled companies. In year ending Dec. 31. I'.MZ, net from Investments was
£1 10.890: paid general expenses (£3,l0Si, income tax (• 8,294), Interest on " A debentures (£:r>. 1301, on "B" debentures 5 p. o. paid In
Jan.. 1903 (•40,198),

on"C"

debentures, 5 p.

(•33,000) balanoe,

o.

£930 from 1901, •7,715-lV. 76, p. 434, 592, 1029.)
Alabama A Vlckwburjj Ity.—Owns Vloksburg to Meridian, Miss,
and branch, 143 miles, all steel rails. Controlled by Alabama New
Including

Orleans Texas A Pacific Junction Co., whloh see. Reorganization of
the Vlcksburg A Meridian foreclosed Feb. 4, 1889 (see V.48, p. 190).
DtviDityns.— '90 to '92. 3 p. o. yrlv.; '96.3; '»7to "99, 5: 19O0 to 1902,
6 y'rly; 1903, 9 p. o. Stock dlv. of 50 p. o. In 1900; see V. 70, p. 632.
Bonds.— The new seoonds were Income till April 1,1894, and area
Hrst lien on the lands— 37,352 acres. Of the $1 ,800,000 oonsols authorized. 81.000,000 are with trustee to retire V. A M. firsts.
ut vinos.— Fiscal year ends June 30. For 2 mos. ending Sept. 14,
l'l'il. irross, $209,572, against $184,363 In 1901-2. Report for 1901I

:

1902 In V. 75, p. 1027.
IVars—
Gross.
-(V. 73,

1.019.844
p.

1

157;

Net.

Interest, etc.

$301,573
25t.J-J

I $1,150,547
1901-02

$140,260

V. 75, p.

108,034

1027; V.

Bal., tur. Dividend.
$161,313 (9)$94.500
116.253 (6)63,000

77, p. 1224.*

llssks Central K) .— Projected from Seward, on the south coast
of Ala«ka. north to Atwomi, on the Tauana River, 4KI miles, in June,
contract for first 85 miles was tat Stock, $2,500,0o0 5 p. o.
n. preferred, offered for subscription In Oct
1002; common.
aiitliorlzed.$27,500,000: par of shares, $50. Bonds are limited
11 ><>
er mile of main line and branches. The Central Trust Co. of
[Chicago) Is mortgage tru-t~e. In April. 1903, $3.."<00,000
tared, accompanied by a bonus in common stock. See V. 76, p.
I. Pr,-. and Oen. Micr.. o \V. Dloklnaon, Vloe-Pres., John
ii
tfoOraw; Sec. John B. Ballalne, Trees., J.
Oodwln. Oaoa.819,
816 Denny Hldg.. Seattle. Wa«:,
V. 75, p 905; V. 7u, p. 70J. 135L)
.

I

I

W

i

Albnny A Northern Ity.— See Suit, for Apr 1903.
Albany A Susquehanna It It.—(See Map Delaware <t
,

-Owas Albany,

Budson.}-

to Binifhamton, N. v., 142 miles. Leasee,
Coblcsklll, N. Y., to Cherrv Valby, 21 miles, practloally owned by
D. A H.; total operated, 163 n
R>>\!>.

Leased

for

150 years from Feb..

l-<70, to

Delaware

A Hudson Com-

Is 9% per annum on stock
(See guaranty, V.
annual Report.— Earnings ror ear- anamg June 30:

pany; rental

56, p. 774.)

\

.

i

$44X,,<>0 stock.
There are •28, 4'.'

VhHoy Tr
TrusU

l.'ulon

u s».

• 1,500,000
• 718,850
•SO Ac •1,048,390
420 Ac
£^10,652

143

V

1st M. rJ.-.iKi.ooo, gobl, iruar., p. A I. end
Allegheny Valley Isi M K"iar l'eiiu. KK
c
Mort. to -tute Pa.,*lO0,OO0(lue Jan. 1, yearly..

Allrnlinrn

£100
*100

is;»o
l^;io

OO) g

currency

Louis

M\(>

.

now ut.M

$1,000

1^0

*10

,

i

in

WP-ffl

1800 *50 Ac.

Alaska Venlr,,t 1st M »., red Si 1"", aft l'.'OH o*
Albany A Northern 1st M..g., («50,000 ire pi
Albany ^ W'i# 7 Btook,dlvl'dsguar, by i>..v B.iend]

Albany

1S7S
lsss

cumul.itlve

ifl.lMKI.dOO

sstsslppl
I

-i'

Kl;

l.i-i.

l.'io, at 115—See h
red. .hut 1910 .it 115.

Vlckn. consul i-t M
2d M.. originally $7(><>.tM)0.^

Ala.

290

l

<i

Vloksb'g

I*

1*1 1*

Truit.

*10
£10

Income, sub|eot
time at loo
Vicksburu stock $1,0*>0,000

deb..

'

c.

St. Louis—
S8|

Amount Rate per Whet! Where Payable, and by
of
Pu
Whom.
Bond Konds Value. Outstanding
Cent.
Paj able

F
o.c

rjo.) gold, $1,750,000
mortgage, 41,160,000

r-.it

•

()H

rrusl.

mod late

i

1st M. (American

Otrard Trust.
(iuaranti Tr.

i"

of

AMr. sf Barewtou Bell— lBtH.,B.f.,text,g i -.in.o'Ar
Alabama Great Soulk'n "B" shares (English Oo.)
Pref. "A" share«, (Kiu-MmIi (o
6%. 4800.000....

Oeben tin
Alabama Midland See \ii LNTIC 0OA81
Ala. N. 0. Tex. <* PncJune.
Deferred "B

ll

1-lltv Tttlo A Trust,
Pitts urn Trust.
.ion TrusU
l

IM

I'

Trust.

Philadelphia—

Hunk.

ROADS.

FOr explanation of column headings. Ac, see notes

I..iinivilie

A

in

HM

Tr.

Kl'- nddlty Trust

Illinois Iru ~< .* <.iv. 1U.
llei oh mi Loan Tr.
Nortliuni 1'rust.

UC— Union

confer a favor by giving

1 1 1

u ill, -Ir. A Dep.
Hup.ATrust Co.

Kuultable rrasu

IC—
M ('
M'
0.}

statu Trust.

•»ll

n

h»< rll»er».

Dep. &

N«<» Knttlaml Trust.

\

f~p-

in - ife

i

on

N. V. security A Trust.
North American Trust.

!•—

B»nl

it

>l It
II

Ir-Mi-

- kf«

i».

Kit
I

M

llu

A

raiy Vlt.

i

I.I.

Chicago—

\ ii

"rmt.

('!.— Coluiiiiila Pittance

i

>I l*n —
Me Itu

PlTTSBURO —

Louisville—

in Tr. A Guaranty,
!ontloental Ti ust.

i!
i

i

It

I

u -t.

stork

-.

i

r

'

-

i

..rica.

i

I

K...

Baltimore—

ClTV— (Oonelutteit-

N. Y.

l:

1901-02
1900-01
i\

Gross.
$i.

7o\ p. 337; V. 74.

Albany A Vermont

Nftovr taxes.
.',:6',U6

Bal.,sur.

1.033,158
i.JOl

$1.140J218
1,464,765

148, 11 17.1

lilt.—Owns road from Albany to Water
'" Rensselaer A Saratoga In
ford Junction, 87. Y., 12 miles, I. .I860 and now operated by D. A H. Canal Co. Annual rental, $20,000,

2

1

.

1

RAILWAY STOCKS AND BONDS.

:^>s
RAILROADS.

Miles

For explanation of column headings,
on first page of tables.

<feo.,

Date

Size, or

of

of

Par

see notes

Road. Bonds Value.

I

"

.

.

. .

.

Deb.,g.,Ser.BtoL,$2,500.CH Oea call !().">
IlQteh. A Ho., 1st M.,g..red.l05aft. 1907
:

G

o«tr

OR

141

o*
Val., 1st M..g..callaft.l915. M.
Atlanta d Charlotte— Stock (see text)
Pref. M. (old 7s ext. In 1897). see V. 64, i>. 286.C
lstM. [voting power, 10 votes for each boud]our.r
Income bonds (not cum.) extended In 11)00
Atlaf. Khott. * Wo. A'y-lHt M.,$l,ooo.ooo, g..Ce
Oonsol. mort., gold, $10,000 per tulle U*
Atlanta Terminal— 1st M, $1,' 00,000 gold.S.o'&r

375
269
265 »s
265 J*

San Jo.

8. Fr.A-

;

228
228

Atlanta* West Point-Slav*
Debenture certificates

"86

Allan.* Jiirmxngh.— 1st M.,$l,100.000,g.,text.F.O*
OiiP.xC
Atlantic Oily— 1st M.. 82,200,000, gold
Atlantic City purch money real est mort.M.iiP.
Sea Coast prior Hen mortgage, gold
Atl. City LstOOn.il ,94,500,000, g., n.A- i.gu.liP
Originally Nov. 1. In Oci., 1903. Interest on

108
83

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

1889
1895
1899
1999
1902

3
AUentoien lerm'l— 1st M., guar.p.&l.<end.)g.Ce.xo*
mort.. $7,000,000, gold. .Tip X...0*
292
Arizona <t Vlah— 1st M., $600,000, gold Co
o"
80
101
Arkanttu Souther.- 1-t M.. $1,350,000, g Hl«t.
....
Ar*. F. << IT.— 1st M.($3. 500.000), g ,red. text.SSt o'
AlfUand Coal rf Iron— Stock
22
1st refunding mortgage, $400,000 gold N
....
Atch. <t Kuti'n llrutge—int M.g.,s. f., red.. text.Ce
Atchison Topeka Jt Santa Fr Km.— Stock, com.. 7,960
Stock, preferred, $131,486,000, 5 p. a, non-cum..
142
Chlo. A St. I^ouis 1st M. ($10,000 p. m.) our.H.c
Chic. Santa Fe A Cal., 1st mort., gold HK. c'Ar
General mortgage, gold, see text
I ii.c'.vr 7.734
7.734
Ad|. lno M.. cum. from July 1. 19O0. g., Ce.c'Ar
East. Oklah. IMv.. 1st M $10,000,000, g <; o**r 282

Ann A r&or- 1st

,

'66
All.

$26,1

Buff. Roch. * Pitts.)—
Punxsutawney to Butler, Pu. (about 60 miles), opened Sept. 4, 1899.
An extension of Buffalo Rochester A Pittsburg, to which leased In
Serjx-tulty for guaranty of bonds and 6 p. 0. on stock. Uses Pitts.
West, from l-tutlerto New Castle and Pittsburg under a trackage arrangement, making In all 135 miles. See application to list in full, V.
70, p. 849.- (V.Tl.p 01; V. 74, p. 774.)
A I leg In- > Valley It al I way .—Owns from Pittsburg to Oil City;
others, 18 miles
Pa., 133 miles Red Bank, Pa., to Driftwood, 110

m

;

Ac— Reorganization

Organization,

March

1892, of the Allegheny

1,

Valley Railroad, foreclosed per plan In V. 53, p. 324,368,520; V.
54, p. 409. 524. Road controlled by the Pennsylvania RR. Co. as niaiorltv stockholder, owning £9,653, 800 of the $10,544,200 oommon and
111,876,654 of the 817,172,850 of 3 p. o. cumulative preferred stock;
authorized Issues $12,000,000 and $18,000,000, respectively, in $50
shares. Wording of pref. certificate was in editorial of Scpplkmknt
of Oct. 30. 1897. j>. 3. Leased to the Penn a. BK. Aug. 1, 1900, for 20
years, rental being the net earnings. Y 70, p. 27; V, 72, p. 491.

Bonds.— General mortgage Is guaranteed by Penn. RR. by endorsement on each bond. Meal estate mortgages, .Ian. 1, 1903, $734,564.
Report for 1902, V.76, p. 1245, showed gross, $4,193,085; net. $1,317,280; other inc., $91; int., taxes, etc *l. 152,493: bal., eur., $104,»79.
(V. 72, p. 67j; V. 74, p. 829,084; V. 76. p. 1245.)
.

A llenlowii Kit.— Topton to Kutitown, Pa.^^m.; Reading system
Allcnlovi n Terminal Kail road.— Owns 3^ miles of railroad in
Allentown Pa., connecting the East Penn. (Philadelphia A Reading)
with the Central of New Jersey. Leased for 999 years to Philadelphia A
Beading and Central of New Jersey (by assignment from Lehigh Coal A
Navigation Co.) Ht Interest on bonds and 5 p. c. on $450,000 stock (par
bonds being guaranteed, principal and interest, by Philadelphia A
Leading (foreclosed) and Lehigh Coal A- Navigation. The Phila. A
f50).
Reading Ky. Co. in lw9t> assumed the Reading's share of the old lease
Ann Arbor RR.—Owns road from Toledo, O., northwesterly to
Frankfort, on Lake Michigan, 292 miles; operates car ferries between
Frankfort, Mich.. Kewaunee and Manitowoc, Wis., and Menominee
and Gladstone Mich and Manistlque, Mich. The Pere Marquette
Toledo terminals.

in-

Organization.— .successor Nov.

1, 1895, to Tol. Ann Arbor A Nor.
Mich., foreclosed under Quintard-La wrence phi n in V. 59, p. 782. In
a syndicate closely identified with the Gould Interests purcha-i d ontroL
V. 74, p. 10
Stock .-Common, 08,250,000; preferred, $4,000,000; 5 p. o. nonCumulatUe; par 8100. Pref stork ceit. SUPP. Oct. 30. 1 897, p. 3,
Bum's, i.i,. The Hist mortgage (trustee, Metropolitan Trust Co.
N. Y.,) covers entire property, including terminals and freight boats
June 30. 1903, current liabilities, bond int. and accrued taxes, $416,294; cash and current assets, $j53, 643.

May, 1902.
i

BABMIBua.- 2
July

Asm

1

\i

to
lit

nios., > 1903
Gross, $362,679; net, $109,165
Aug. 31. s 1902
(.ross, 296.H89; net, 102,738
(POST
Report for 1902-03 was In V.77, p. 821, showing:

Yeare nit June 30—

•onlngs
Operating e
Net earnh

1908.
92,087, 11
1.443.761

1901.
$1,754, 143
'
1.309,163

1902.

91,898,410
1,373,056

$593,453

Deduct— Inter,

st

280.186

Taxes

52.3

Balance, surplus.
'Operating expenses

1

7, -..7

91

1900,

$1,721,453
1.324.620
$396,888
283,808

B444.9H5
281,331
49,73 3

16.008

$113,!!21

967,020

Is 1908 include $1 19.-09 expended for now
rt.\ ai <i Improvements, against t-150,433 In 1901-02.
President, Joseph Ramsey .ii
Beo., i> r Tate; Trees., 11 B. Henson, dlreetore, Oct, 190a, v. 7.r>, p, 610- (V. 77, p, 100, 8S1.)
\ iiinip.'IU
anlilnulon A Kail 1 1110 re
V. 75, p. 1301.

prop

;

U

Arl/i.im A

KK.—

K>.— Owns

lah

I

McConnlco

to

,'j

Uj

miles

beyond

Chloride, Ariz ^r, miles; trackage, Kingman t" Me lonnlco, 4 miles.
stork. 8600.000;
outstanding June 30, 1908, 9467,000; par
$l< 0. Remainli g, $266,000 bonds Issuable only on completion ol 25
nitles additional road.
For year ending June 30. 1 :<
- r>5 983
0,743; charges, + 20,010; balance, del., $9,297. President, P. 1..'
I.
Undent
Bee end Tree*.. R 11 Eggleston. 81 Nassau St., It. Y.
Arkuii«H> 7i id la mi kk. Bee page 1490.
,

-

Arkansas Southern RR, Owna Eldorado, Ark., south to Winnla. 101 mileIn Oct. 1908, exteOSlOD was proposed from
Wlnnfleld to Alexandria, 50 miles
Karl
Louis parties acquired controL v 7(i, p. 701. Btook authorized, $3,160,000; outstand100
ing $1,262,000
per mile of main track. Year ending
Bonds re limit
M4; net, 1 :r_ .4"3; other Income, $3,966
June 30.1902, gi
ore sur., $
total deductions $76,064; dividend*. $35
and Ire surer. Geo.
Hunter Vice President 11
Dl
Brown; Secretary, W, 11 Oroneh. (V. 76, p. 704, 751.1
A rkaiiMK Soiii h\» i-Kiern K \ .— Bmithton to Pike (it v. Ark., 34
field,

1

,

>

1

-

,

1

W

miles;

1 1

ran eh,
e

t"

(J

union

.lei

(O

Camptown 48

GavOtOWD 28

miles;

total,

miles,
1

d

11

08

n

(

)ct

.

1

!>i)l

;

1901 sold

bfoci authorized. $12,000 per mile. For year ending
to new owners,
.7~»
June 30, 1902 (34 mile
President, William (ii
bt. Louis,

Mo.

(V

7o.

p.

898; V

73, p. 10

—

Arkao»ii- Rprlnarfleldl A Wonliweei*ra kk. ii ijeotedfrom
Jefferson City to sprlngtield. about L 60 milee. Btock authorlti

Bond*— Princi-

INTEREST OR DIVIDENDS.

pal, When

Due.
Stocks— Last
Dividend.

Amount

Rate per When Where Payable and by
Outstanding Cent.
Payable
Whom.
$450,000
7,000,000
334.000
1,262,000
See text.
773,500
800,000
590.000
102,000,000
114,199,530
1,500.000
560.000
138,797,500
51,728,000
5,645.000
27,500,000
195.000
6,000,000
1,700,000
500,000
4,250,000
750,000
1,000,000
500.000
1,200.000
1,232,200
1,232,200
593,000
2,200,000
75,000
350,000
1,064,000

4 g. J. A J
4 g.
Q.-J.
6 g. A. A O
5 g. J. A J
4 g. J. & J
7 In 1902 Q.-M.
4 g- M. A N
4 g. J. A J
4 In 1903 J. & D
5 In 1903 F. A A
6 our M. A 8.
5 g. J. A J

1,000
1900
1898 500 Ac.
100
....
100
1885
1.000
1887 L,0004m
1895 500 Ac
4g.
1895 500 Ac.
4 g1903 1,000 Ac
4 g.
1902
1,000
4 g.
1898
1,000
5 g1896
1,000
5 g.
100
7 In 1903
1.0O0
1877
4
1877
1,000
7o.
500
1880
4
1896
1,000
5 g.
1902
1,000
4 g1903
1,000
4 g.
100
3 In 1901
1881
1,000
6
1900
1,000
5g.
1889
1,000
5 g4i|
1900
1,000
1898
5 g1901
1,000
4 g.
12.000 had bee n stamped p ayable M

A Western Ky.— (Set Hap

Allegheny

[Vol. lxxvii.

O

A. As

Bee a
MAS
A A
F.

A
A A
M. A
A. A
J. A
A. A
J. A
M. A
J. A
J. A
J. A
J. A

J.

J.

M.
A.

A.
J.
.

&

O.
8.

O.
J.

O.
D.
8.

D.
J.
J.

J

A

N.

A
A

O.

& O
J

N.

New York and Phlla.
N.Y., Metropol. Tr. Co.
N. Y., Contfn. Trust Co.
Missis Val. Tr..8t.U)ul8
New York and St. Louis.
Check from

July
July
Apr.
July
July

i

1,
1,
1,
1,

1,

1919
1995
1929
1929
1953

Co.'s office Sept. 20, '03jl

N.Y..N.Y. Sec.ATr. Co. Mav 1, 1925
N. Y., Cent'l Trust Co. July 1. 1928
Checks mailed fr. N. Y. Dec. 1,1903. 2
do
do
Aug. 1,'03, i**
N. Y., 5 Nassau Street, Mch. 1, 1915
do
do
Jan. 1, 1937
do
do
Oot. 1, 1996
do
do
July 1, 1995
do
Mar. 1, 1928
do
dd
do
Feb.. 1904-14
do
do
Jan. 1, 1928
do
do
Oct. 1. 1940
N.Y.Cent.Tr.Co.,54Wall Sept. 6, '03, 3%
do
do
Jan. 1, 1907
do
do
Jan. 1, 1907
do
do
Jan. 1, 1907
Offlce.L.4 N.,120 B'w'y. Deo. 1, 1946
do
do
Mar. 1, 2002
N. Y., Standard Tr. Co. June 1, 1958
Atlanta, Oa.
July 10, '01, 3
do
do
Co's option.
Wayoross, Ga., and N. Y. July 1, 1920
Phlla., Read. Ter. Bldg. May 1, 1919
do
do
Apr. 1, 1930
Philadelphia.
Apr. 1, 1948
do
July 1, 1951
V. 70, p. 944.

20, 190 3, authorized first mortgage
bonds at $20,000 per mile. V. 75, p 1085. 1398. President, Henry C.
8olomon, Kansas 1 ity. Mo. Directors Jan., 1903, V. 76, p. 330. (V.

The stockholders on Jan.

000.000

75, p. 1085, 1398; V. 76, p. 330, 751.)

ArkaiiMUN Valley & Western Kit.— Red Fork on the 8t. Louis A
San Fran. bet ween Sapulpa and Tulsa. I. T., northwesterly to Enid, abt.
140 miles, with brandies mostly completed In Oct.,

'03. Incorporated
1902, acquired in tin-interest of the SI.L.A 8.F.;
Stock authorized, *3, 500,000. Bonds are subject to call at
par and interest on and after July 1,1912, or at any time at par If
an extension is arranged at a lower rate of Interest. President,
G.
Jones, Oklahoma City, O.T.; Sec, John B. Linden.— V. 76, p. 183, 288.

Jan 31. 1902. In Aug

,

V. 75, p. 288.

C

II le A Spartanburg It It.— See Southern Ky., Carolina Dlv
Ashland Coal &. Iron Ky.— Ashland to Straight Creek Junction,

A ulii

\

Ky., 22 m. Ches.ife Ohio has trackage over thisj-oad. The mining Interwere in Jan., 1902, transferred to Ashland Iron & Mining Co., stock
being reduced from $1,517,000 to $773,500. Bonds, see V. 71, p. 27. Year
ending June 30. 1902, gross, *160.130; net, $75,473; other income,
$57,2.^2; Int., taxes, etc.. $54,605; dividends (9 p. c). $139,230; baL,
def. for ye<*r, $61,- 30. Total surplus June 30, 1902, $206,061. Dividends In 1895-96. 4 p. c; in 1*96-7, 4 p. c: in 1897-8, 4 p. c; in
1898-9, 4 p. a; In 1899-0, 4 p. c; June, 1900, to June 20, 1902, 6 n. o.
yearly (1»« p. o. Q-M). and in June, 1902,3 p. o. extia; Sept.. 1902,
none; Dec. 1 p. 0.; In 1903, including Sept., 3 p.
(V. 75, p. 76, 732)
Asbland A I ronton Hrldge Co.— (V. 77, p. 2fc7, 348.)
Columbia River
Goble to Seaside, Ore., 79
Astoria
miles; branch, Warrenton to New Astoria, 2 miles; trackage, Goble to
Portland, 40 miles; total, 121 miles. Stock outstanding, $1,619,000;
par. $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
7, 1996, interest F. & A., Issuable at $40,000 per mile outstanding,
$3,280,000. Central Trust Co., Trustee. Year ending June 30, 1902,
gross, $306,9o4; net, *118,477; charges. $140,512; bal., def., $22,035.
Pres., A. B. Hammond, Astoria, Ore.— (V. 67, p. 426.)
l;isi<
li 1-0 11 A
11 Bridge.— Owns railroad and wagon bridge
A
at Atchison, Kan., connecting with the union station. Used by the
Atch. Top. <fc Santa Fe, the Chic. K.
A P.. the Mo. Pao. and the Chic
Burl. A- Quiu. A reorganization of the Chic. & Atch. Bridge Co. foreclose! Mar. 4, 1898. per. plan V. 65. p. 366. Stock, *700.000; par,
$100 per share. A sinking fund equal to the differ* -nee between the
annual interest on the outstanding bonds and $30,000 will retire
bonds yearly at par and Interest (by lot If not purchasable in the open
market).
Year ending Dec. 31. 1902. gross, $96,65'.; net, $75,002}
int. and sinking fund. $30,000; renewals and other oharges, $6,675
Pres. and Treas.. Howard P. Bells, Cleveland, O.— (V. 67, p. 578.)
(Tbe) AtcliiMon Topeka A Santa Fe Kallwa)•.— (Sec Map)—
The system operated July, 1903. oomprlsed 8,003 91 miles of
railroad, and embraced an unbroken line of track from Chioago,
111., via Kansas City, Mo., and Albuquerque, N. M., to the Paolflo Ooean;
also to Galveston, Tex., and the Gulf of Mexloo.
For operating and statistical purposes the system is divided as follows:

ests

c—

KK.—

A

;

1 1

1

I

Miles.

Miles.

I

20-17
6,17361 Rio Grande & El Paso...
Atchison T. & S. F
Gulf Colo. A- S. F
1,202-89 South. Kans. Ry. of Tex.. 129-17
478-07
Southern California
Total of all
6,<
Also controls the Santa Fe Prescott A Phoenix and the Peoos VaUey
& Northeastern, (ill miles in all. V. 75, p 690. In Apr., 1903. acquired ontrol of Gulf Beaumont * Kansas City and Gulf Beaumont A
Gnat Northern, which are to be least d. V. 76, p. 751; V 77, p. 1224.
Dee. 12, 1895
Organization.— This company was onranleed
under the general laws of Kansas, by the purchasers at foreclosure
sale of the property and franchises ol the Atchison T. A Hanta Fe RR.
Co. in accordance with a reorganization plan. V. 60, p
of the
The railway company In Apr., 1903, owned in fee
pyatem, including the line from AtOalaon to the western boundary of
Kansas, .170 miles, and also all. or nearly all, the bonds ami stocks Of
uis companies In which the title to the other lines is \ e-.t,-ti. y
.1
\ list of such holdings la in the general mortgage (In V.62, p.
782, 733, and successive annual reports). BeeV.69,p laO0;i ~l.p. 27.
in Mar., 1908, the Bel River A- Eureka, in Northern California,
together with the California A Northern, 85 miles, was acquired in
the Interest of the 00m panj V. 76. p H53. The stockholders voted on
Deo, 11. 1902, to purchase the Santa Fe PaolHc RR.,*»to ,\
Han Francisco v Ban Joaquin Vallej Ry. was merged In June, 1901.
V. 68. p. 426: V. 67 p. 841. 1855: V. 71, p
jp 1184
In Aug.. 1801, lines In Oklahoma were proposed, L's'j being operated*
"7. a,
V. 75, p. 610, 980; V
1808
¥.78, p. 786; V 74,p
908, a cut oil wis under construction from Portales,
mi the Pecos valley, to Albuquerque, N, M .shortening the main line
about .00 mile-. V.76. p 28. 980
in May, 1908. ibe Ban Francisco a- Northwestern Hv. was inoorauthorised stork bj Atchison ofBoials, to
build from Alton. Humboldt Co., Ca'. southerly to a connection with
iiisoii 111 ar Point Richmond, on >an
Francisco Hay, over 200
miles. Tbe Randsborg RR., 80 miles was parohaeed; Abo Pass line
ami I'M sootl a Eastern, see v. 77, p, 6:t.i.
Btocbu— The preferred stock has preferenee as to assets and non
cumulative di\ Ideiids not exoeedlng 5 p. c. per aim., as declared by the
I

1

1

M

I

-

1

1.

r

i

•

>

•:

m

i

<

0)

rn
=»

S
>
a

Oct.. 1903.]

^
^

=5
v>
>

c

1
H

-3

E

i:\ll.w \Y

STOCKS AND BONDS
1329

RAILWAY STOCKS AND BONDS.

]:}:*()

RAILROADS.

Ml!.-

Of
For explanation of column headings, etc., see note*
on first page of tables.
Bo
(

do

red.atl05affi :0yr-

do

—

,

1

1883
1880

Mia
m MIm

A New

Hern, 1st M., gold, assumed
,1st M., g..ass'di K Mt to l'i\
Nor. A Car.. 1st M.g.i l'.Pt,,Va. toTar..N.C.Me.cc
2d mortgage, gold
.gold ."H |>
c*&r
Real 1st
8av. Flor.
8t. John's R. 1st M., call. .'an, '04 (V. 77, p. 35)

Charleston
Brans. A- W,

A Savannah,
lei

gen. mort

.

M. Kruns. to Albany,

gold.SBa.c
g.,

1881

K

,

244
153

1896
78-'93

Increase in the
majority of all
sented at a aeeting. The total authorized amount of preferred stock is
$131,486,000, of which $10,800,000 is reserved to acquire other
lines; also $6,486,470 in special trust for improvements, extensions, etc. Pref. stock certificates In Supplement of April, 1897, page
8. Common stock authorized, $102,000,000.
Dividends.— On preferred. 1 p. c. paid Jan. 26, 1899; July 20, 1899>
1V|; 1900,4; 1901 to Aug., 190<, 5 yearly (F.&A.). Dlv. onoom., June.
1901, l>ap c; Deo. 2. 2 p.c; 1902, 4 p.c; 1903, 4 p.c.
Bonds.— The Gen. Mort. (A botrart V. 62, p. 731-739, see also V. 68,
p. 974) is to the Union Trust Co of N. Y. as trustee, and gives a lien,
either by direct mortgage or by collateral trust, on the entire system
of 7,734 miles of railroad owned, together with all the equipment and
terminals owned by the company, and future acquisitions
Reserve d,

,

retire miarumee fund notes paid and car trusts at
not ei. ceding f 1,260 tor each *1 000 of o'd bonds... 116.600.000
1,600,000
b Non assenting bonds from reorganization of 18eK
1,600,000
t Chicago A St. Louts 1st morUtave fla
For tmprov'ts, terminals, second track, equlp't, etc.,
at Dot exceeding ta.'oO,. Ou yearly, of which not over
|760.0oO for extensions
30,000,000
Kor acquisition of Atlantic 4 PaclHc and other lines
20,000,000

-

a To

$2,861,000
606,000
1.500,000
14,f00fi00
7.:<26.500

The Adjustment Mortgage ( A bntract V. 62, p. 739) is to the Central
Trust Co. as trustee. Interest Is payable only out of net earnings
for the fiscal year up to 4 per cent and the rate
is
to
be
determined on or before October 15 in each year
Interest
was non-cumulative till July 1, 1900, and cumulative thereafter.
Present Issue is limited to $51,728,000, but when the $30,000,000 general 4s authorised for improvements as above have been issued (L e.,
not before June 30, 1905), $20,000,000 additional adlustment 4s may
De Issued for the same purposes at not exceeding $2,000,000 in anyone
year, but only by a majority vote of the adjustment bondholders. In;

terest— In Nov., 1897, paid 3 p. c; since, full 4 p. 0. yearly.
The Fastem Oklahama division 4s of 1903 ($10,000 OoO authorized)
will be issued for extensions; the present i-sue or $'',645,000 will be
secured on lines about completed in July, l!i03. viz Paul's Valley to
Newkiik. Ind. Ter etc a total of 2*2 miles. V. 76, v. 4J4.
The $30,000,000 a-rbenturr l» of 1902 were issued to pay for $13,000.000 equipment ordered since July 1, 1901 and to cover the cost
of securities of santa Fe Pres ott
Phoenix, and construction of new
mileage alreadj made or authorized, amounting to $5,0u0,000, and
additional equipment, terminal facilities and other permanent tmprovemade or li curred smoe Jul\ 1, 1901, or hereafter to be inourred.
Ho new mortgage on lines owned when the debentures were issued can
be made without securing debemures thereunder. See statement, V.
74, p. l.'.O, and official statement in V. 74, p. 204; also V. 75, p 680.
San Francisco <t Sun Joaquin bonds may be drawn at 110 after 1915.
General Finances.— Capital expenditures from organization to
June 80,1903, see V. 73, p. 1811; V. 7.D.682 In Jan.. 1902, h-sued
$30,00o,00<> debentures, payable $2,500,000 yearly; see above.
In 19ol divld. mis on common siook were begun. V. 73, p. 7^3
The total funded debt per mile of road July 1, 1903, was $28,501;
Interest Charge, 81,1 5 i. V. 77, p. 631.
Latest Eakninos.- 1 ) 1903.... Cross, $10,981,326; net, $4,114,938
mos.,.Iuly 1 to Aug. 31. s 1909.. ..Cross.
9,454,993; net, 3,456,435
Deducting taxes and rentals, balance for Interest in 2 months of
1903 was $3, 775. 750, against $3, 077,091 R t.% 1 operated 8,04tfaverage miles in 1903, against 7,'.) 18 miles in 1902.
:

.

&

-

Km

out.— Annual meeting second Thursday in December. Report
for year 1902 08 u as given in V. 77, p. 824, 881; see also pa«te 605
freight train-load, 279 tons in 190203, against 247 in 190102

Average

Tears end. June 30—
1908
1909
1901
1900.
Aver, miles operated
7,858
7.807
7 341
Gross earnings
162,850.898 $50,135,086 $51,174,822 $46,232 078
Operating expenses 38,437.1 10 88,909,268 32,262.946 27,521,499

Net earnings... $23,918,288 $25,225,818 $22,211,876 $18,710,579
IU01 <>2.
.sis
1.140,864

Net earnings.... |8>>l8.S8<
1.817.BU8
Other Income
Net

Inc., mi-

f 6.8S

I

Taxes, oto

A!
V 13

Interest

'Vt.fl-fll

HV

Bal..»urp

18.908.1811
1

486

-

I

:i:!2

$16 664 688

(tffM.U'i&JMO

(49) 4,078, V80

tl.Ul.122

t

t Id. mm! or preferred «t..rk
Dividend on common stock

$6.777.*ll«

1)1

-,

(l

Balance, surplus for rear

'MM

iks

',i!rman of

F.xectitlve

D

Comp,

Hmith.

York:

11

iiinii

Andrew C

Clilnisjii:
Topoka. K. I> KsDJta.

P

11

'

1.

Tlls „,„,

K.iw ird

Duval

I

Cbs
Job**, Wlcuila.

J.

noma*

'.mi

Uowsl

i-.

Bsrwind
I*
Kowler

•

1.

OlSSd.

ObJOMO.

New York. — (V. 77, p. 195, 02 I, 631
Atlanta A < liarloile Air l.lne I*).— Srr. Ma/, Simlturn JiaU
May Hyutcin.) -Owns Charlotte. N. C, to Atlanta. Gs 269 miles.
Okfice.— 5 Nassau Ht

,

,

t

.

The operating contract of i--i (made with Richmond .v Danville)
was assigned to and accepted bl (ht Soothers Ry. Co. It r.
be payment of Interest on At. A C. debt and 5 p. c. on stock Lf gross

I

;

off.,

Wilm

do
J.

D.

.

do

N. C. Irredeemable,
July, 1903,2%

If. A Co.
Jan. 1, 1933
Baltimore. June 10, 1910

N. Y., Cuyler

New York A

J. Bait.. SafeD. Air. Co.
J. Richm'd and Petersb'g.

do

July
July

Richmond,

Apr.
July

Savan.

N. Y.. U. S. Trust Co.

N. Y., U.

8.

do
Trust Co.

N. Y.. MetropoV. Tr. Co.
N. Y.. U. S. Trust Co.

do

1,
1,
1,
l,

Aug.

1,
1,
1,
1,
1,
1,
1,
1,

Jan.
Apr.
Jan.
Apr.
Jan.
Jan.
Jan.

N. Y., Central Trust Co.
Bait. Safe Dep. A Tr. Co.

do

1,

June

do
do

New York and

1,

May

Office.

N. V., Brown Bros.
N.Y., Bait, and Wilming.
Bait, 8. Dep. A Tr. Co.

do
do

1,

Oct.

do

Nov.

1948
1926
1926
1915
1940
1935
1949
1947
1944
1939
1946
1934
1904
1936
1938

1928
1945
1924
1915-1943

Jan.

do

J«*n.

1,
1,
1.

Atlanta K

now 111.

A Northern Ry.- (See L.<t .V Map).— Knox-

Tenn., to Marietta, Ga., 205 miles; and Murphy to Blue Ridge,
23 miles; trackage, Marietta, Ga., to Atlanta, Ga., 20 miles.
History.— A reorganization per plan In V. 62, p. 1040, of the Marietta
& North Georgia, foreclosed. Stock, common, $3,000,000; preferred, 5
?>er cent, $l,5u0.0o0, 1- sued In 1901 in exchange for second mortgage
ncotnes. In Apr., 1902, the Mmlsvllle & Nashville acquired a majority of the stock. V. 74, p. 775. Of the oousol. 4s, dated Mar. 1, 1902,
$1,000, 00 are reserved to retire the tirst 5s, now limited to that
amount, the balauce being issuable for general purposes.
Earnings.— 2 months, J 1903
Gross, $132,218; net,$4',664
Cross, 1*0,107; net, 34,356
July 1 to Aug. 31.
U902..
Report for year ending June 30, 1901, V. 73, p. 1109. In 1902-03,
$706,512; net, $131,144; int., $70,000; taxes and miscellaneous,
fross,
55,980; stuplus, $5,164. President, Milton H. Smith.— (V. 75, p. 28.)
vllle,

Atlanta Terminal Co.—To own union passenger station, with
ap. roaches, to be used b ySouthern Ry., t'eutral of (Jeomlit Rv. and
« est Point RR. Stock, +75,0. 0, owned in equal proportions

Atlauta

&

ttie three compani « named, which pay all charges and expenses on
oarbasls. Of the *1,500,000 bonds (sae above), $300,0o0 is reserved
for future requirements. V.
6, p. 593, 1394; V. 77, p. 699.
Pres.,
(V. 76, p. 593. 1394).
J. W. English.

by

Atlanta & Went Point Rlt,- Atlanta, Ga., to West Pt.,Ga., 86 m.
Ga. RR., June 30, 1900, owned $494,500 stock and $388,900 deb. cert,
A belt line around Atlanta, 5^ miles, is operated at rental of 4 p. 0. On
V. 71, i>. 963; V. 73, p. 1354.
Its cost, viz., $410,535
Dividends begun in 1855 were for many years 8 percent per annum.
From July 1, 1884, to Jnly, 1901, lnoluslve. 6 per oent yearly, J&J;
Oct. 1. 1899, 25 p. c. extra (V. 69, p 5U0.; slnoe (1).
In 1901-2. gross, $788,«37; net, $317,814. In 1900-1 gross, $745,103; net. $255,009; other income, $3,833; charges, $174,885; dividends, $73,932; surplus, $10,025 —(V. 69, p. 590; V. 71, p. 963.)

RR.—

Waycross, Ca., to Montezuma,
Atlantic A Birmingham
140 miles, and projected further to Oglethorpe and Talbottom. also
projected Irom Waycross to the Atlantic Coast at Brunswick or 8t,
Mary's, or both, about 85 miles In July. 1903, the Tttton & Northeastern and Tirton Thomasville & Gulf, togetner exteudlug from Fltzferal.i to Thouiasville. Ga., 80^ miles, were acquired. V 77, p. 87.
n Oot 1901, it was voted to extend the road northwesterly from Cordele, Ga., toward Birmingham, A a., about 124 miles, and from a point
In .Meriwether Coun'y, at or near Warm Springs, about 75 miles; total
to be 397 miles. V. 73, p 899.
Stock, Bonds, Etc.—Mock authorized, $7,080,000; Issued, common,
$666,400; preferred, $700,000; pur, *100. Of the bonds $150,000 are
prior liens subject to call after 5 years at 110 and interest.
Balance
above $500,000 bonds can only be Issued at $5,000 per mile of completed road over 70 miles. Car trusts, $28,386.
Latest Earnings —For 2 months ending August 31, 1903, gross,
,

$62,-»79. Dot, 624.028

Near 1902 03, gro-s, $270,112; net, $115,976; Interest on bonds,
$35,875; bal sur.. +«H),101. Prest.. W (i Baool, 30 Pine St., New
York; Auditor, W.J. Swain, Waycross, Oa.—(V. 77, p.87.i
,

Atlantic <lt> Rlt.— Camden to Atlantic i'ity,57m. (double traok);
branches, 54 m.; Wlnslow Junction, to Cape May, N. J., Sea IsleClty,
Ooean QltJ
total, 188 miles A consolidation in June, 1901. per
Stock, common, $2,625,000;
plan In OBBONIOLB, V. 7H, p. 1278.
preferred. $1,000,000 (par, 950). The Beadinc Co, owns the greater
part of the stock, and guarantees the consul. 4s. principal and
Of the latter, $2,650,000
mter.st. Form of guaranty, V. 75, p 1308.
an reserved to retire prior lien bonds and $786 000 f"i liiiiirovem.ntH.
See v 73. |. 81. There are also outstanding $23,500 8eaooasl 1.1.
a 5a and $2,884 s«
r year ending June 30, 1903, gro
net, *_' l,3i»6; llxed
06,646; bal., sur., $J7,750.—
1

I

1

Atlantic <'oa«i I.lne Co. (6« If ap.)— Organized May 29.
ma|orlty of capital
1889, under the laws of Connection t, and owni
stock and a largo amount of the bonds in a system of railroad coiupanlea denominated for convenience the Atlantic coast Line system
nilly described under lie title oM lie At Untie Coast Line KR. below.
Stock.— As to oerttneates of ludei.ie.iness. »(>e editorial. Oct., 1897,
V > .. p >6a; V. 71, p. 1810. In 1898 $5,000,000 stock
Brrp., pagea
was distributed as .1 ini-per cent dividend. V. ti7, p. 954 InMaV,
1908, stockhold'TS su .set inc. to $500,000 new stock at $250 per* 100
hare, raising the amount outstanding to $ I ,500,000. v.76, p. 10.9.
In Isi(K) company distributed $10,000,000 4% certitlcates of indebtedness (Including $2,500,000 of Atlantic u:i-t Line A' It. Co. as a 100-p e.
dividend to repreeent the profits from the consolidation by which the
Atlantic Coast Line Kit. was formed.
t

lijrcm

Klpley,

.1

Treas.

A
A
A
A

g.

'03,2%

earnings exceed $1,500,000, dividends to be 6 per cent; and li they
exceed $2,500,000, 7 per oent.
Dividends, ) 1881 to'89. 1890. 1891 to Mar., 1901,lnol.
81nce,
Per cent— ) 5 yearly.
6 yearly (M. A 8.) 7yrly. (M.&8.)
5^
Latest Earninos.— 12 ) 1903
Gross, $3.1«8,«28; net. $1,058,742
mos..July lto June30 S 1902
Gross, 2,929.824; net,
904,232
Eakninos.— For year ending March 31. 1903. gross, $3,047,261
agst. $2,898,978 In 1901-2. Pres., C. 8. Fairchlld. N. Y.— (V. 73, p. 553)

..

<

•

II11MM1. J"ln
oiaweif.. New

1)h

Committee, Victor Morawetz; B
II
\V
iiirilllicr. A-*t. Treas

U Wallup.
-I.

F. Ripley, President.

1 901-0?.

lHOa-o.'t

I

4

Irredeemable.
.July 1.

Julvl0,'03.2»*
July 10, '03,2 1«

do
do
Mayl0.'03.2»«
N. Y., U. fc Trust Co.
July 1, 1952
N.Y..J. P Morgan ACo. Oct. 1, 1952

if

1,000
1,000

profits.

00

Sept. 10, *03, 2

do
do

s'6\000
5g800.000
O.
7*'
340,500
N.
6 A
300,000
4 1* gA O.
4,000.000 4g. A5g.
A J.
1,800,000
A D.
4 g.
500,000
A A
4g.
500,000
4 g.
1,320,000
5 g.
400,000
5 g.
6,500.uoo 5g.A6g.
1,500.000
1,500,000
7 g.
3,000,000
4 g.
89,0(0
2,800,000
5 g. M. A N.
2,437,000
4 g. J. A J.
275,000
4 g. J. A J
47,500
5 to 8 Various

1.0

1894

No other mortgage and no
preferred stock can be made without the consent of a
the preferred stock and of all common stock repre-

board of directors out of net

1,600,000
5,547,<

1

171
171
175

gu.Jl p.c

Income mortgage
Ala. Mid., 1st M., g (Rainb. to Montgom.) .TIp.xc
c"
Florida Sonthn 1-t mort $5,000,000, g,.%
Sanford A Bt Pet. rsburg, 1st mort., gold. Pel*.
Four small Issues

Baltimore.
In 1902 paid 5 p. 0.
J
In 1902 paid 4 p. 0.
Treas. Of., Wilm., N. C.

A
A

!*

657,000

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

1881
1875 500 &0
1890
1,000
1885
1.000
1.000
1899
1897
1,000
1894
1,000
1889
1,000
1896
1,000
1884
1,000
1899
1,000
1886
1,000
1888 500 Ao.
1888
1888
1,000

86
68
110
102
545
124
103

Mta
M

&

1

'

.

Alb.A Ral

— M.
A D

5,000.000
5 our. J.
LOO Ao.
5.000.000
4
1900 100 Ac
J. A
100 35.650.000 5inl903:J. A
1O0
1,000,000 5 in 1903 J A
KM)
1.754,100 5 in D.I02 M A
4 g. M. A
1 802 1,00(1*0
85.8 Vi
1903 1(1(1 Ac 3 i.OOO.O »0
4 g. M. A
M. A
21,36 ).87o
4
1902
lyoo 100 AO
78. 0O0
4
J. A

ITUiol

Due.
Stocks— Last
Dividend.

Whom.

Payable

Cent.
I

.

JfVNCU

pal, When

Rate per

$100 $10,500,000 See text Q

Mta

1

INTEREST OR DIVIDEND*.
When Where Payable, and by

Amount
C

Bonds Value.

Attn, i. (iKixt T.inf It It. 8tk., couuiion (text)
Class "A" com. si k. t.i\ exempt (Rloh. APetotrs.)
Preferred stock. 5 per cent
IsteonsoL M $30,000,000. g.. text u«... o*Ar 8,850
Col.tr M gold. sec bj L. a .V. stock, red. 105. csr
Certificates or indebtedness new)
do
iol.i>
do
BOIDS l'M>I .Kl.MNG 1st Consol 4s.
102
No. Last (8 C). cutis M., g., Flor. to Charlc-t'n.c
Wilm. Col. A Aug., 1st M., (Wilm. to Columbia)
192
674
At.CL.ol S.C., gen. 1st M.. $8,000,000, K.SBa.i
59
Petersburg M., class a, gold
class B, g., (Petersb to Weldon).
59
Do
23
Richni d A Petersb., 1st mort ($2 1,500 are 7s) ..
c*
27
Con. M.. g. (Rich, to Pet rtn.o
Wilm. A Wei. gen. M. ($938,000 are 4s) SBa.K.'o 468
Yad Dlv.,lBtM..g.(Sun to Wll., N.C.Ac.). Ml a.i- 177
Wil.

Size, or

—

Atlantic Coa$t Lhtr Co. Con n.) Stock, $30, 000.000
Ctfs.of lndebt., Inc., non-eum.. $0,01 .0.01 >o.r. Mia

do

Date

Vol. i.wvii

1

1

(

I

Oct., L0O3.

RAILWAY STOCKS AND BONDS.

mi

K

-

S

RAILWAY STOCKS»ANDlBONDS.

1332
RAILROADS

[Vol. lxxvii.

LVTF.RE8T

Ronds— Princi-

OR DIVIDENDS.

..
,.
pal, When Due.
Miles Date Size, or
^ moant
Par
of
of
For explanation of column headings, Ac, see notes
n.itatanrtin^ Rate per When Where Payable, and by Stocks— Last
uuwianaing Cent. Payable
Whom.
Dividend.
Road. Bonds Value,
on first page of tables.
,

,

I

Atlantic Coat! Line h'R. — (Concluded.)

8p

811.

o.A-

<;.,

l-t

M.,g.(Ooalato in v.

WU.AWrl

A

N. Y., LT S. Trust Co. July 1, 1918
Wilmington, N. C.
Irredeemable.
N.Y., Mercantile Tr. Co. July 1, 1948

br.lCl.o'

.

ctfB.oflud fordiv.1887.non-cum.uic
M..K4,42S,000,K.,lntJrenUU.ne.o*
2d M $1,595 000, g int rental. .la
A«. rfGiw SAorl UttC-1st M .$4,000,000. gold.
Atlantic d V0. Carolina- Stock, $1, 800.000
Att.d lhn.r

- 1st

>ew

N. Y., Knlckero. Trust

Check from

M

e Ba
let mortgage. $325,000.
Atlantic d 81. I.<tirri net— HUwk.6^ rental Grand Tr'k
Augusta d Savannah— Stock 5; rental Central (ia
Ce.ic
Augusta So— 1st consol. M.. gold
Avon Gemseo d 5ft. Morris RR.— 8tock (Bee text)
Ba/<f ^ao/e Va//«/— Stock, $2,600.000
.

Aug 1,'03,5%

Bait, Farm.

1929
1929
1903
do
1931
do
1936
Mav
do
1938
Co.'sOrnce,2Wall8t.N.Y sept 1,1903,2
do
do
Sept.1,'03, 2%
do
July 1, 1925
do
do
do
July 1, 1948
do
July 1, 1925
do
do
do
Nov. 1, 1925
do
do
Nov. 1, 1941
do
do
Men. 1, 1911

100
500 Ac.
500 &o.
500 Ac
500 Ac

1898
1898
1899
1898
1901
1901

1,000
1,000

|

0*

26 000 Var..

As

to securities pledged to seoure equally
the certificates of Indebtedness of 1897 and 1900, see V. 71, p. 1310.
'02.
1903.
Cash Dividends, S 1896. '97. '98. '99. '00. '01
3
3^ 4 4** 5 4 1a8ee text. Incl. Sep., 6
I', r cent<
In 1902, Mar., 2^ P- o.; In Sept., 2 p. o. (quarterly).; Dec, 2 p. c; in
1903, Mar. 2 p. c; June. 2 p. o Sept., 2 p. o
Full Interest has been paid on the certificates of Indebtedness to
1903. Chairman of Board, Henry Walters: President. Warren G.
Ell!ott.-(V. 74, p. 774; V. 75. p. 4V-6, 732. 1146; V. 76, p. 1029.)
;

Atlantic <'on»t Line KB,- (See Slap.)— Operates from Richvia Charleston, Savannah and Jacksonville to Port Tampa, Fla„
with numerous branches, to Norfolk, Va., Wilmington and New Bern,
Brunswick and Albany, Ga., Montgomery, Ala., eto
N. C,
.Miles.
Lines owned— (Oon.)
Lxnts owned.
Branches, eto
Richmond, Va., to Port Tampa,
1 ,294
898
Fla
U 8ee these companies.
Leaded
Miles.
Norfolk, Va., to South Rooky
115 Central RR. of 8. CarolinaMount
105
Lane to Sumter, 8.
40
Contentnea to Wilmington
138 Other lines
40
Floience, 8. C, to Bobbins
Trackage—
43
Sumter to Columbia
Wilmington. N.C.,to8anford.ll6 Robbins to Augusta, Ga., eto.
29
Jesup. Oa.,to Montgomery, Ala353
169
Total In earnings
Brunswick, Ga., to Albany
3,960
Controlled, optraied sepaDnpont Jet. to Inverness. Fla. ..247
rately
Sanford to St. Petersburg, Fla. 153
145 U Louisville & Nashville
I'alatka, Fla.. to Brooksville
6,133
Bartow to Punta liorda, Fla.. 73 U Charleston A West.Caro. ... 340
61
U Northwest'n RR.of 8. Car.
Also owns one sixth interest In the Richmond-Washington Co. and
one-half Interest In Atlanta (Ga.) Belt Line Co., 5*8 miles. Leases,
Jointly with the Ixmisville * Nashville RK., the Georgia RR., which
operates and controls 626 miles. The acquisition In 1902 of a majority
interest In the Louisville & Nashville brought 4.916 miles of additional roa.l under the conirol of the Atlantic Coast Line.
Organization— .Originally the Atlantic Coast Line of Va. (ohange of
name belli* authorized in Jan., 1900); in April, 1900, absorbed by
consolidation iper plan V. 70, p. 840, 893) the following allied properties: Wilmington A Weldon RR., South Eastern RR.. Atlantic Coast
Line railroads of South Carolina and Virginia Norfolk A Carolina RR.
irida Southern and Sanfoid A -tt.Petersbiirgweienierged in Apr.,
Fla. So. 4s and $775. OuO Sanford A St. Peters1908. the $4.*41.0«
burg 4 s being offered he privilege of exchange for 90 p. c. in Atlantio
Line consol. 4b. V. 6, p. 918, 971. The Atlantic Coast Line Co.
(of Conn.) owns a majority of the stock. 8ee that company above.
V. 70. p. 893; V.71, p. 1116, 1310.
The Bal annah Flor. A Western Ry., whlchowned and controlled 2,234
miles, was merged July 1, 1902. These lines formed the old Plant system. V. 74, p. 774.829.
In Oct., I'.i02. acquired *30. 600.000 of the $60 000.000 Louisville A
Na-hville RR. stock for $1 O.OoO.OOO cash, $35,000,000 In 4 pereent50year collat. trust bonds and $5,000,000 stock. V. 7o, p. 733, 792, t-05Stock Atlantic Coast Line RR. of Va., class A, tax-exempt stook

mond

—

I

i

whs assumed as so much ot the common stock of the new company.
Under the consolidation with the S. F. A W. in 1902 the common stock
was Increased from 116,890,900 to $23,1'>0,000. (See above.)
in .Nov
1902, the authorised common stock was increased by $15,of the new stock *">. (ion, (too was given In part payment of
.

•II,

lit. list In the Louisville A Nashville stock, $S, 500,000
additional being subscribed for as part of the same transaction at
chare. 'Mils raises the amount outstanding to $36,650,000.
$125 per
V. 75, p 1252.
The preferred stock ($18,850,000) was in 1902 mostly exchanged for
eeitilhatcs of indebtedness. V. 75, p. 1252.
r cent In l per out

continuing

:

DtnooMt

Dividend* on pref. paid Nor., 1900, to May, 1908, bota
M A- N I, On common, Including class
per cent yearly
"A" stock, l peroeiil paid Jan 10, 1901: July, l^p c. in i<>()2 Jan.,
lij p c .; July. 2 p. c; in 1908,6 p. 0. (J. A J .). On certs, of lndebtin fun to May, L908, Lael
Hom.s. Klr-t cons. ,1.4s of 1902 (980,000,000 authorized, limited to
first Lien on about 589 mile* of road and a
120,000 per mile) are
hen 00 the remaining 8,261 nil lea owned, subject to the under*
lying bonds. The tlrst consols are LaalUBd 01 reserved as follows:
Issued forthwith
831,034,000
(

;

-

•

l

Ke-cr\ed
•

<1

take up underlying liens
for acquisitions, cxtcn-loiis,

to

nt
eonh
Of the pie-.nt

Improvements and

86,102,000
13, *64, 000

I.
$12,451,000 Were used to ret Ire
consol 4s to the same amount, $7,945,000 were
to (be retirement of $3,000,000 Atl. Coaal Line certfs. of
Indebtedness and $2,88u,OOU Wilmington A Weldon 6 and 7 pel
Irredeemable certificates of Indebtedness (over 75 per oeni of ho
holders of wbloh had in July, 1902, consented to exchange fortne
new bonds) and tlO,63H,000 to the purchase of the fl2.
B. K. A W. pref. slock and $5,000,000 Brims. A West and Charl.
V. 75, p. 76.
Hiiv. Income bonds (about 95 p. c. of latter acquired).

Sa\. nor,
applicable

A-

Issue

West

t

A

do
do

July
July
July
Nov.

N. Y.,8peyer & Co.
N. Y. Office, 2 Wall 8t.

1853 500 Ac.
1868
1,000

N. Y.. Farmers' L.

" Coup., M.-N.; reg., O.-F.
6 Coup., A.-O.; reg., Q.-J.
H Coup., J. -J.; reg., (j.— J.
a In addition $7,635,050 are pledged as part collateral for the Pittab. L. E & W. Va. System 4s.

697; V. 73, p. 493.

A Meo. Bk July

do
do
do
do
do

(

— V.71, p.

5, '03, 21*

Phila.,F.TnB.Tr AS.Dep. Jan. 1, 1910
Checks mailed.
Julyl,'03,3>«
Phlla., Broad St. Htat'n Sept. 1, 1934

Prior Hen mort., gold, not suhj to call !Tle..c"Ar 1,017
570
1st mort.. gold, red., at 105 after 1923. In.. e*Ar
Southwesfn I)lv. 1st M., $45,000,000, g.F.o'Ar 921
378
Pitts. Je. A Mid. Dl v. ($20,000,000) IstM.g Ce.e\tr
P. L.E. A W.V Sys. rei..g.,red,100aft.'25 Un.o'Ar 1,633
Conv. dehen.. $15,000 000, gold, red., see text.
Bonus L'ndkkli inc. 1st mort. 3 1* percent.
380
Loan. 1853, extended in 18M5, gold
P1U.AOon.,lstM.,ext. In 1896 In gold
Bond;* Um>KBLl ino Southwestern Div. 3»9B.
HH.. etc.

1903,3%

July

ACo. Deo. 1. 1924
New York, Erie RR. Juiv 1,*03. 1\

M. orlg. $400,000 (s.f., drawn at 100)...FPxr
Baltimore d An tiap.iS.L. -Stock, common
Baltimore Chesapeake <t Allan.— 1st mort., goldAo"
Malt. A Cinnb tat. l!y.— let mort.. Interest rental
Boi<. rf < umb. Vat. RR —1st mort.. Interest rental
B.<t O.V.RR >.'j/«-»(.-8tk,ffii (*J70,0O0carrleB7p o.)
1st mortgage, Interest rental. Ha
Baltimore d Harrisburg RK.—M., gold Tie Ra.O*
1st M. West. Kxt. ($16,000 p. m.),g.,gu ITIe Ba.o*
lialtimorr A Ohio— Common stock. ^125,000,000
Pref. stock, 4 p. c, non-oum. anth. $60,000,000..

H. \V

Sep.,

Savannah, Ga.
N. Y.,J.P.Morgan

1st

AO

Co.'b office. Sep.

London and Portland.

:

B.

York.

July 1, 1948
Aug. 1, 1931
15 '99, 2%
BalL.Nl.F'nu'rs'AP.Bk July 1. 1917

.

.

b Also $475,000

A

Oct.

July

1,
1,
1,
1,
1,
1.

1,
1,

1935
1946

Various.

Tr.

additional unguar't'd.

As

to the $3^,000.000 collateral trust 4s of 1902 see "Organization"
above. They are subject to call at lOi in amounts not less than $100,000. Car trusts $140,000, due $10,000 quar., Deo, 1903, to Dec, 1906.

Latest Eahns.— 12 mos. ) 1902-3.Gro8s,$19, 676,746;
July 1 to June 30.
n»01-2.Gross, 17,6 i9,66*;

The

&

net, $7,085, 149
net, 5,985,009

West, earnings are Included in both years.
For 6 mos. ending Dec. 31, 1902, net. $3,244,633; other income
$257,500; int. on bonds, etc., $1,762,512; int. on certs, of indebtedness!
etc., $546,129; bal., sur., $1,193, -92.
Rkport.— For the year ending Jane 30, 1902, the earnings of the
properties consolidated were: Gross, $16,868,995; net, $6,407,083;
other income, $229,519; taxes, $64^.847; Interest, $2,450,616; dividends, $1,862,169; other payments, #69,003; bal., surplus. $1,605,965.
Report for year ending June 3o, 1902 (not Including Plant system),
was in V. 7 6, p. 209:
Other
Interest,
Balance,
Net
Uross
income.
taxes, etc,
surplus,
earning*.
earnings.
8av. Fla.

$61,628 $1,595,452 $2,276,713
$3,810,539
1901 2. .$8. 549,626
62.916
1,567,527
1.765.658
1900-1.. 7,915,098
3,270,269
From surplus in 1902 were paid dividends on pref. (5 p. o.) $942,500
and on oommon i3s> p. o.) $556,157, leaving surplus for year $778,056.
Officers.— Chairman of Board. Henry Walters; President, R. G.
Erwln; 1st Vice-Pre*., Alexander Hamilton; 2d Vice-Pres., C. 8. Gadsden; 3d Vloe Pres., T. M. Emerson; 4th Vice-Pres. and Gen. Man., J R,
Kenly; Sec, Herbert L. Borden; Treas., James F. Post. (V. 76, p. 971.)

Atlantic

A

Danville Ry.— (.See Map Soutln-m Ry.)— West Nor-

folk, co Danville, Va., '-"OS miles, three branches, 22 miles; James River
JunotJon to Claremont (3 feet gauge) 50 miles; total, 275 miles. Leased
to Southern Ry. from Sept. 1, 1899, to July 1, 1949, for taxes, repairs,

maintenance and cash rental suttlolent to cover Interest charges, with
In addition the Southern
privilege of renewals for terms of 99 years
Ry. agrees to pay the same rate of dividends on the oommon stook as
may at any time be paid on its own common stock. V. 71, p. 447.
Stock— Common, $2,180,800; pref., 30,992 shares, par originally
$100, but reduced 60 per cent by paymeut from proceeds of sale of
bonds, vis 40 per cent In 1900 and 20 p. o in Nov 1901; further payments to be made latter part of 1904 and 1909, when It will be entirely
,

,

See V. 71, p. 181, 8o2; V 73. p. 722. 956.
Bonus.—Of the $4,425,000 fours of 1 900 $500,000 can be Issued only
for Improvements upon request of Southern Ry. Of the $1,525,000
second 4s, $775,000 can be issued July 1, 1904 and $750,000 not until
July 1, 1909. V. 77, p. 195.- (V. 74, p. 774; V. 77, p. 195.)

oanoeled.

Atlantic A Gulf Short Line. -See V. 73, p. 615; V. 76, p. 1354.
Atlantic A Lake Superior Ry.— In July, 1903. operated Meta?edia, Quebeo, to Paspeblao, ltO miles; owned St. Gregoire to Nloolet,
m.; St. Francis to Yamaska. 6 m.; Yamaska to Sorel, 10 in.; Laohute
to St. Andrews, 7 m.; total, 130 miles. Was under construction, Paspeblao June, to Port Daniel, 21 ni.; Plerrevtlle to Nloolet, 15 m.; 8t.
Gregoire to Chaudlere June, 67 in.
During year 1902-3 road was operated by trustee for bondholders.
Stook authorised, $10,000,000; par, +100; Issued, $2,602,500. Bonds
For year ending June 30, 1903, gross,
outstanding, £500,000, 4s.
$49,631; def. under oper., $8,418. President, Hon J. R. Thlbaudeau
Sec. Edgar N. Armstrong, Montreal.— (V. 68, p. 329; V. 70, p. 1148.)
Atlantic A Norili Carolina RR.— Morehead City to Goldsboro.
95m. State of N C owns $1,266,500 of $1,797,200 stock Stockholders vote Dec. 10, 1903. on lease at 2 p. c. yearly on stock for 15
years, then 3 p. c. lor 16 years, then 4 p 0. > early. V. 77, p. 1
Dividends.— * '92. "93. '94. 1895. 1896. 1897. 189». 1H99. Since,
2
2
2
2
2
Percent.
J
Earnings.— For year ending June 30, 1902, grosB. $257,033; net,
$85 272; Int. and taxes, $27,448; Improvements, $47,8a8 baL, sur;

NC

22
;

plus, $9,935. -(V. 68, p. 472; V. 77,

Atlantic VnldoMla

p.

A Wcicrit

888, L2S4.)

lly.— Sec Georgia

So.

A

Flo.

Ry.

Vii^iiMla A Mivannali Kit.— Mlllen U> Augusta, (la., 53 miles,
In 1805, re-leased to 'en. of Georgia at 5 p. o. on stock.— V. 61, p. 239.
(

RK.—

Owns from Augusta to Sandersvllle,
AngiiHta Southern
and Sandersvllle A Tennllle RR., 4 miles The Southern Ry.
Ga., 80 m
four -firths of the stock, and so controls,
In Jan., 1901, acquired about
although the leas., was annulled April 25. 1901. V. 78. p. 848, Common stock $400,000; pref.. $850,000; par, $100 Year ending June 30,
1809 gross, 8189,168; net $11,884; total deductions, $24,455; def.
$18,09 1. (V. J8, p. 985.1
An «.U ii NortnweMerii Kit.—See Houston A Texas Centr"!
Ml ..Morris to Avon, N. Y.,
ATOM OMIIIfl 8i Hti Horrla
Leased to Krle UK Feb 26, 1H<)0, In perpetuity at 2^ p. c
18 miles.
for 4 years from .Ian 1,1896,8 p o. fori year more and 3 »s
on stock
p.o. thereafter.- (See V 88, p 512; V. 62, p. 318, 589.)
Owns from Vail Station, Pa., to Lock
Itnl.l Kai(le Valley
haven, Pa,, 51 miles; branches to Sugar Camp, etc, 42 miles.
Leased to Penn. RR. Co. for 99 years from Deo. 7. 1864. Rental, 40
Rental 1902, $328,091; other lnoome.
pt»r oent of gross earnings.
,

Ry

A

UK. —

RR.—

o.
i..

L903.]

RAILWAY
S

h >CKS

AND BONDS.
I

:*:*:!

—

,

RAILWAY ST.KKS AND BONDS.

1334

[Vol. Lxxvir.
Bonds— i'nnoi-

INTEREST OR DIVIDENDS.

RAILROADS.

Rate
When Where Payable, and by Stocks— Last
Par Outstanding
of
of
Wot explanation of column headings, Ac, see notes
Per oent Payable
whom.
on first page of tables.
Road. Bonds Value.
Dividend,

—

(Concluded/—
<£ Ohio
Bonds I'vuhivino Pittbb. Juno. 4 Mid. 1)
Cent.O..$2.500,000.con.lBt M.(lst l'n) g.TIella.o
Sand. Mans. A Newark, $2,300,000. let M.I n
Plttsb. June, 1st mort., $1,400,000, gold. »l e
2d mortgage, $300,000, gold He
Pitt*. Jo. Ter. 1st M., $500,000, g., go, p
BONDH rVDKRI.TINO PlTTSlVg IaKK KEIF. A
ev. Lor. A Wheel. Cons. M. (now let) g I am o'
General mort., $1,000,000, gold, n-d. 109 N
Con. ret M., $10,000,0. 0. g., red. atl03>*,Ool.o'
Clev.Terin.v. Val.lst M..g.,gu.,rcd. p;ir. lie
rfonong. River KK., 1st M., g., gu. B a
Ohio A Little Kanawha My.. 1 ?*t M (250,000, g
Ohio River. 1st mort. ($2,000,000). gold FIV 0'
(Jen. M. ($3,000,000), gold, 1st on 39 miles o'
Rav.Sp.Adl. 1st M 6400,01 0.g..gu. p.At.FIV
Huntington & Blg8. 1st M. ($400,000), g., gu e*
KIplev & Mill (Vk Lai M..g..gu. n..v l.end.iMr
,
Plttsb. (lev. &Tol.ist n£.,g.,ceUedl25Feb.l.. 03
0"
Plttsh. Palnesv. & Fairpon i"t M.. g
Plttxb. Newcastle <fc I- K 1st niort., Clt, III gold
ptttsb. A \\'mt.. 1st (eons.) m $10,000,000, g..c*
BllWOOd Short Line, 1st 1£, gold. $300.000... G
W. Va. A P., lnt M. f, 5s, scaled: red. par. UeBa.c*
l.i LSBD 1.IM 1, Krc, 8BCOBJ
Bait. A N. Y. KR„ lnt M., gold, guar .MeBa.oAr
Mon. Rlv. Coal M., $1,500,000, g.. & f red. at par
Bohuyl. R. E. 8. RR. lnt M ., g red. (text) PeP..
8. I. Rap. Tr., 1st M., $1,000,000. g., $or£.Us.0'
0*
2d mortgage, gold, guar.. *2,500,000.S
o*
8. I. Ry., lnt niort., $1,000,000, gold. .He
B. A O. Eqiii'mknt Obligations—
Real estate, cur trusts, etc., Aug. 31, 1902
Car trusts, gold, $1,000,000 due annually. S....0*
Baltimore <f Potomac. H r e Pllll.v. WASHINGTON..
sanyor <t Aroos.— lnt M.. ($16,000 p. in.) g.G....o'
2d inortgage. gold. I SOBS
x Largely own. d by or for Baltimore A Ohio.
Baltimore

3^

iv.

§.

1886

1,000
1,000
1,000

<•

1882

....

<

189-1

WhsT VI
....

75
32
80
109
209
33

•

,

.

11

13
77

63

30
210

,

3
159

:

11
11

11
13
....

!

1

1

& Ba
'

1889
1895
1886
1883
1899
1893

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

A- Annapolis Short Line RR.— Owns road from
In 1897 acquired control of
Washington A Baltimore RR. Co., owning 3,575 out of 3,580
Annapolis
shares of Its stock, all pledged under the mortgage, which was sold
,1902, to the Washington Baltimore A Annan. Electric Ry.
7,400. The $33-1.000 bonds were called and paid June 1,

Baltimore

Cliifords to Annapolla, Md., 22 miles.

1903. V. 75, p. 1301. Common stock Issued. S358.000; there
$500,000 of preferred stock authorized, but none issued.

also

Is

809.)

1900.

1

RR.—

RR.—

-

I

.

|

1

I

j

,

I

(

11

I

,

|

I

.

June. .HH* «.- l.'0*l iinl..s;,VU«
I
Bellnlrelo vtldlunrl ('It v. O
„.
°"

Weil

I'ltt-lairg Jiinctloii llll

Total ..f all (adding Baltimore
Belt and otber lines)

I'U's.

kv,

-llRWr

o

Virginia Sli..n I.lne Kit.

Ohio *

l.itlle KiiiiHWlia Kit.

4
5
4

5

4

s

g.

J.

g.

J.
J.

4.!'40

{

1,

19(M.

Tbe Ohio A

little

Kanawha,

80m

and

Pitts

V. 78, p. 1868, 1356.

u. oelvei
HisTouv
were eppolnted in Pebruarj
S9fl
on fuiv
was returned to the oompan] the but
1 998, the road proper
1
reorganlxov
tlon plan (lii v. 68, p. 1286,) luring been oonaummated without
toreclo-iiie ami the roail Mistly Improved in phj loal oondltlon
The reorganl/.atloii «>f the B. a O. Southw.
wuh n. i,..i ami new
•eourltlee Uaoed in Bept^ 1899, per plan In V. 67, p. o-,-^, the oonaol
mortgage of L898 having been roreclose<l, ami the road virtually
1.
V. 71, p. 1218. In January, 1900, new securities were Issued
under the plan of reorganisation of th, c.-nt. Ohio and other leajierl
i

,

,

.

t

,

.

teaeeu

Ac—

156.

In 1901 over r-.o.ono.ooo (virtual control) of the
Oo.,
10,000.000 Beading Co -to, k. coiisisiing largely of preferred stock
was acquired, the Lake Shore .v Htohlgan Southern K\ Co. (Van, lei bllt
taking one half. V. 76. p. KM. In L903 B one third Interest
•24,200 of the $11,000
ng Valley By. oommon -to.k
was acquired. V. 77, p. l'J'J."..
~i

.

1

g.

Jan.

Nov.
Feb.

Mon.

A
A
A

J.

New

York, 2 Wall

St.

shown 1 n

J. N. Y., Guar. Trust Co.
do
do
J.
first 1 eft hand oolumn areow

1,

1933
1936
1930
1995
1919
1950
1936
1937
1920
1923
1908
1922
1916
1917
1917
1923
1990

1,
1,

1,
1,
1.

June

1.

Apr.

1,
l.

Aug.
July
Aug.
Oct.

July

June
July
Jan.
Apr.

,

5
5

p.

(p. 0.)

May
,

1,
1,
1,
1,
1,
1,
1,
1,

Deo.
Deo.
Jan.
July

1,
1,
1,
1,
1,

June

1,

To Deo.

1939
1945
1935
1913
1904
1943

31.

Jan. 1, 1943

July 1. 1945
ned by B. AO

528.

)

1900.
2

1901.

1902.

"General
outstanddividends
V. 72, p.

>

1903

)

were: Central Ohio

two from Aug.

g.
g.

6
4 g.
fag.

1,833,173
8,000,000

Jot.

A West, were acquired KOT., 1001.

g.

5 g.

A D.
do
A J.
do
M. A N. N.Y.,Oft. B.A0..2 Wall.
F. A A. N. Y. Central Trust Co.
M. A 8. N.Y.,Knlokb. Trust Co.
J. A D. N. Y.. Cent'l Trust Co.
A. A O.
do
do
F. A A.
do
do
J. A J.
New York or Phlla.
P. A A. Phlla., E.W.Clark A Co.
A. A O. N. Y., Cent. Trust Co.
J. A J.
...
J. A D. Allegheny, Pa.lstN.Bk.
J. A J. N.Y., J. P. Morgan A Co.
New York City.
F. A A
A. A O. Co. sOlllce,2WallSt,N.Y
K, A N. N.Y., J.P.Morgan A Co.
J. A D. Balt.Am. Bond'g A Tr.
J. A D. Phila.. 508 Walnut 8L
A. A O. N. Y., root Whitehall St.
J. A J.
do
do
J. a D.
New York City.
J.
J.

Oct
June

1930
1909
1922
1922
1907

Luke Krlo <fc West Va. System 4a.
iVote.— The underlying bonds still outstanding in July, 1902, are In
table above. The underlying stocks still in the hands of the puhllo

(

7

4

Oct.
,

1,
1,
1,
1,
1,

4
4
4
4
4
4
4
Bonds.— (1) Prior Lien 3^%, a first lien on main line and branches.
Parkersburg brauoh and Pittsburg division, about 1,017 miles of
first track, and 964 miles of second, third and fourth tracks and sidings, and also all the equipment now owned of the value of upwards of
>20,000,000, or hereafter acquired. Total authorized, $75,000,000, of
whioh $5,000,000 to be Issued only after Jan. 1, 1902 (at not exoeeding
f 1,000,000 a year) for the enlargraent, betterment or extension of the
properties oovered. See application to list, V. 69, p. 30.
(2) First Mortgage 4 per cent Gold Bonds, Due July 1 1048, but subject
to call, in whole or in part, after July 1, 1923, at 105; a first lien on
the Philadelphia, Chicago and Akron divisions and branohes and the
Fairmont Morgantown & Pittsburg RR., covering about 570 miles of
first track and about 332 miles of seoond, third and fourth tracks and
sidings: also on the B. & O. Terminal property and the Baltimore Belt
RR. They are also a lien subject to prior lien mortgage upon main
line, etc. See application to list, V. 69, p. 30.
Total authorized Issue in no case to exoeed
$165,000,000
Of whioh to retire prior lien bonds in 1925
73,000,000
For the enlargement, betterment or extension of the
properties oovered by mortgages (1) and (2), or for
extensions, additions or equipment, at not exoeeding
$1,500,000 a year for the first four years and at not
exoeeding $1,000,000 a year thereafter, originally
97,000,000
Southwestern Division ist Mortgage 3^ per cents.
(3)
Virtually a first lien upon the properties constituting the B. A O. Southwestern RR. system, or the
securities representing the same, ooverlng about 921
miles of first track and about 305*4 miles of seoond
track and sidings. Totallssue
$45,000,000
Of whioh issuable only at the rate of not exceeding
$1 ,000,000 per year for the enlargement, betterment
or extension of properties covered, orlglnady
j, 000,000
(4) B. <t O. Pitts. Jun. 4 Mid. Div. 3 Hi per oents.
Expeoted to be ultimately a first lien upon the railroads of the
Oen. 0. system and Pitts. Juno. RR. Co., 385 miles In all
Total authorized Issue In no case to exoeed
$20,000,000
Of which to be Issued only at the rate of not exoeeding
$1,000,000 per year for the first two years and
thereafter at the rate of not exceeding $500,000 per
year, for the enlargement, betterment or extension of
the properties covered by the mortgage.
j, 000,000
Of whioh in partial exohange ior old bonds
10400,000
Sold to a -\ 11, in -ate r,,r cash requirements
4,000,000
Balanoe for oontlngenoles
431,000
Of these bonds $6,175,480 are outstanding In the hands of the pnbllo,
$7,635,050 additional being pledged as part collateral for the Pitta.

•

11

6
5

Preferred.

60

:

5

6
6
6

924.000
4,500,000
X 1,000,000
2,500,000
511,000

Common

A

A

;

Dividends

Atlantic Ry.—Owns Claiborne to
Ocean City, Md., 87 miles; branch, 1 mile; total, 88 miles; from Claiborne to Baltimore, 42 miles, transfer is made by water; steamer lines
owned, 1,426 miles; total mileage owned and operated, 1,514 milesControlled by Penn. RR. and allied lines. V. 69, p. 541, 590. A reor.
ganizatlon of Bait. A Eastern Shore, sold Aug. 29, 1894 (V. 59, p. 371),
etc. Pref. stook, $1,500,000 5 p. 0. cumulative; common, $1,000,000.
In 1902 3, gross, $857,372; net, $206,540; other inc. $7,109;
interest, $62,500;
$2,176;
extraordinary expenditures,
taxes,
$111,922; balance, sur., $37,051. -(V. 71, p. 1 164.)
a Cumberland (RK. and Ry.)—The Railroad exit.iii iui'i
tendl from Mate Line, Md., to Waynesboro, Pa., 4-55 miles; stook
-hares. The Railway extends from Edgemont, Md., to
$76,700 in
State Li e. Pa., 3 miles; stock, $42,500 in $100 shares. Both are leased
to Western Maryland RR. for 50 years from July 1, 1879, with privlege of renewal or purchase; rental, Interest on bonds.
Italllrnore A Cumberland Valley Ex tennloii
Waynesboro to Bbippenaburg Pa., 2652 miles. Leased to Western Maryland
RK. for 50 years from July 1, 1881, with privilege of renewal for interest on bonds and divid. on stock, amounting in all to $42,730. See
Year ending Sept. 30, 1900, gross
table above and V. 75, p. 6e5
earnings, $301,096, against $269,695 in 1898-9; net (over taxes).
$168,007, against $134, 548— (V. 75, p. 665.)
HarrlMbur-;
Baltimore
Emory Grove, Md., to Orrtanna. l'n .,59 miles, with branches, 7 miles, total, 66 miles. Leases
Bait. A Harrisburg Ry., Western extension, Orrtanna to Highfleld, 15
miles, guaranteeing Interest on its bonds. Leased to Western Maryland
RR. for 50 y» ars from Oct. 35, 1886; rental, Interest on bonds. Stock
BOmmon, tOOO.OOO; pref., $29,100. -(V. 44, p. 812.)
Baltimore A Ohio It \K,—( SeeMap).— Road.—Operates from Baltimore to Philadelphia and Baltimore to Chicago, Cincinnati and St
I/oiiIh, the total mileage leased, owned and operateo. being In July
1902, 3,233 miles. The " Royal Blue Line" (see Central RR of N J.)
gives the road access to New York.
The system embraces, nbjeot to the mortgages, the following linesPrior l(/n Hi M. (1,0]
Other l.lnet—
Bait to Wheeling. Helpro. <) etc ..«H3 West Virginia & IMUiibtirir
It.
17s
rntilinrg I)Iti«i.
f Pitts.
.834 Pittsburg* Western
343
Ilea)
M »<
Mononwabela River itit
si
Baltimore to i'hllM<1el|>tila mid brs.ltH
lev. Terminal A V
lev
76
Qbicaso, 111., lo Akron O.
860 Cleveland Lorain A WheelYiig lly
Fairmont. W. Vn.etc... H3
Branches to
Wheeling to «'ieveiui,u,eto... .lies
01,1.1 River Kit. Liner
Bouts " />o :*H' M
O..TlnCliiilfi.toSt. I, ..el.-. M18
BenWOOd to \V heeling, etr.

Baltimore Chesapeake

X350.000

|

J.

Co.'80fflce.2WallStN.Y Sept.
do
do
Jan.
N.Y.,N.CityBk.« Pitts. July
do
do
July

Stock.— Authorized issues: Common. $125,000,000, see
Finances" below.; pref. 4 p. 0. non-oumula ive, $60,000,000;
ing, see table above and " General Flnanods." Pref. stock
are limited to 4 p. 0.
(See V. 71, p. 1166, »nd edit., p. 1143;
1186.) Voting trustdissolved in Aug., 1901.

1901.
l»02.
1903.
5
6
Percent.
6
7
S
7»e
Year 1902-03, gross, $125,765; net,$10.1l3; other Inc.. $21,480; int.
on bonds $13,071; taxes, $4,510; div., 7 p. 0., $25,060; surplus, $24,-

952.— (V. 76. p

1899.

g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.

5
4>«
4
5
5
5
5

V. 70 p. 76; V. 74,

•

1898.
6

New York.

8.
J.

J.

Pennsylvania RR. Interest. -The Pennsylvania RR. "o. purchased
a large interest In 1900-01 and on Jan. 1, i 903, owned directly $21,480,000 preferred and $30.2v<3,300 common stock; also through the
Northern Central $1,000,000 preferred and $781 .500 common stock,
and through the Pennsylvania Co. at least $5,000,000 preferred stock.

$14,848; Int., taxes, etc., $46,286; dividends (10 p. 0.), $140,625; bal.,
$155,828. Rental in 1901, $206,626 Pennsylvania RR. Jan. 1
1903, owned $706,250 stock.— (V. 66, p. 708.)

)

0.

g.

i.000

1901
1.000
ltimo he.

sur.,

Dividends-

A

J.
J.

950.000
5.491,000
700,000
228,000
2,000,000
2.941,000
376,000
303,000
50,000
5^9,000
60,000
83.000
3.620,000
300,000
4,000,000

211
1893
1,000
3,360.000
211
1895
1.000
152,000
Bala nee of outstan ding amount

I

Pittsburg.

A.

g.
g.
g.

5

5,000,000

I

5>«
....

,

.,

O.

6
5
5

BOl NTA 4S.

1.000
L893
1,000
1896
19O0
1,000
1895
1,000
1889
1,000
1900
1,000
1.0D0
1886
1^87
1,000
1890
1,000
18*2
1,000
1888
1,000
1882
1,000
1886
1,000
1878 100 Ac.
1,000
1887
1.000
1892
1890
1,000

193
192

A.

A
A
A
A
A

4i* g. M.
7
J.

$1,009,000
638.COO
•959,000
•270,000
•194.000

$1,000

1S(!9

137
116
7

I

,1

common

stock. $13,578; preferred, $1,000; Pitts.

oommon. $49,900: preferred, none.
I'lttstturg Ldke mntt\ Wett Vi>gnna System mortgage refunding

1
per oent gold bondi (authorised amount 876,000.000) are a lien on
1,688 miles, consisting of the Ohio Klvcr, Caere, l-oraln * Wheeling,
Pittsburg A Western, etc, forming • dlreol connection with Pittsburg,
Cleveland, Fairport Lorain ami Sandusky, subject to underlying
bonds outstanding thereon (see table above). In Jan., 1902, $21,845,iitioual underlying bonds, Including $7,635,050 Pittsburg Junoheld In trust as pari seourti
tion 8« Middle Division 3
the total issue of bonds $20,000,000 were sold In Feb., 1902, $40,000,000 were In Id to retire underlying bonds outstanding (of which $12,arc subject to call) ami the remaining $15,000,000 are Issuable
425,
for additions and improvements. See full statement, V. 74, p. 266.
Ob The 4 per oent debenture* 0/ 1901 are convertible attheoptlon
of the holder into oommon stook at par on 80 days' notice (see v. 73,
p. 1159); they may be called for payment at par and Interest on
any Interest day, beginning Mar. 1, 1902, either wholly or partly in
the inverse order of their nnmben, V 72, p. 282; V. 73", p. 337, 1 158;
»

V. 75, p. 5111.

Leased Linksp. 40],

Schuylkill River Kast Side bonds, stamped [V. 68,
Is leased at a rental equlva-

and treated as follows: The road

1

0<

for explanation of column heading, Ac,
on firm page <»f
rf^r.fCon >-

M

.

o.ooo. g

$.•>'

«.

-

-

Outstanding

ft

1

»*""*

11,000
1,000
1,000
l.OOJ

1

I1J

ISI.IMMI

5

K

L8M

(end.).!

1.

1,000
1,000
992
1891 100 Ac.
1901 l.OOOAc
1.0OO
1901

ii

'

•

SO
50

of ls7.".

I

guar.
Issue

I.) I'

*.

-

1,000
1,000
1.000

1**7
1893
1903
1891

T

s. f

r

lilted Co's.s. f

,00,000 reduced by

50

1885

I

mortage

1,000
1,000

1890

4,000,000 (guar, by l' H'-d' os.,s f
J Atlantic— 1st mort., $500,000
1

hxrintuLjhnin

S,c8T.LoUIB&S\N FKANCISCO.
ifrrff
lec.tr
Bxsin.Wash.JUH. Fal's lsiM. k
I*
Mi//, ro.. BJt- Lai M.. $400.000. ... F
Income non cum., $200,000. .. FF
ortgage,
owoJton-Ut M.. 8678.000, g., call 110 0"
r
i<ir,Mi».oA.i.N

i,o<>o

1,000

lS'.M

1898
1!»03

1

1

I

L881

&>u<A. A'*.- lst.M.g 81. OOO.OOO.o*

lent to intercut at 5 p. 0. on the existing bonds, but the new company
ha* the right to purchase all the Schuylkill bonds at 110 and
accrued Intercut at any time after Dec. 1, 19O0. and prior to Deo. 1,
.1
If not ho purchased, the company will
days' notice

assume the ultimate payment Of the principal when due. V.69.P. 1003.
The Htuten iHlaml Kapiil Transit new 4s the Baltimore A Ohio RR.
agrees to purchase at par and intercut In cash prior to July l,19u4,
ami meantime to guarantee interest thereon at 4 per cent. V. 68,
p 189, 189,699; V.69, p b96.

The

Went Virginia A Pittsburg (see agreement In V. 67, p. 1310),
ban been operated »tnoe9ep1 1.1899, under a 99 years' lease, for 4 per
cent on the mortgage, to i>e appropriated to payment of bond Interest,
the B. A >. ha\ mi: the option for 5 years to purchase the bonds at par
and accrued Interest on 80 days' notice. V. 69, p. 439.
The B. A 0. purchased Feb. 1. 1903, at 125 $1,864,000 of the $2.393.000 Pittsburg Cleve. A Toledo bonds. V. 70. p. 632 V. 76, p. 47
Financkb.— Holders of common stock subscribed In May, 1900, to
In Sept.. l'.KH, the authorlied com-.900 common «tock at 830
mon took was Increased from + 1.'>,000,000 to $60,000,000, to provide
for conversion of 916,000,000 debenture 4s leaned in March. 1901, for
Improvements, etc. (V 7J. p. 283, 887), and In Nov. 1901, was further
Increased to 8100.000.000. In Oct.. L902, $1- 1.292,000 debentures had
stockholders In Deo.. '01. subscribed to new common
took. Via., 992,687,800 at par, chiefly to acquire the stocks deposited
uuder the Pittsburg Lake Erie em West va. System mortgage, and forthe
reduction of their debts. V. 78, p. 1 159; V 74, p. 150. 'J.
•tockbolders In Sept.. 1902. rmbeorlbed at par to $42,316,900
additional stock to the extent of :io per cent of their holdings, 50 per
cent belli*: payable at once and 50 p. con Nov. 24, 1902, raising the
amount outstanding to 9124 262000; of the proceeds $20,533,000 Is
applicable to equipment, 99.829,o00 to double tracking between Newami Akron mid miscellaneous construction, ami the remaining
to acquire stocks, bonds, etc., to be placed under the Pittsburg Lake Erie a west Va Bystem mortgage. V. 75. p, 549, 980.
As to Reading Company stock, see above.
- iii.oiKi.oi
equipment bonds of 1901 are due $1,000,000 yearly.
K iksinob— From July 1 to Sept. 30. 1903 (3 months). Including B.
A O. Southwestern In both years, were $17. S7:),.-)(>0;
(iross.
net, $7,163,764
1903.
(irose, 19,168,816; net, 6^988,049
Karnliik's of June. 1809 and 1903, based on 3,887 miles, being entire
(

;

ept
Valley bll. of Vir.

-ucor A Ulenvllle. Itlpley A Mill Creek
Tiulual A Valley. Clevolaml l.o-

-

l.mle Kanawha.

\

raln

I

9 WbaallDg.

Kkiokt— Keport

for year ending June 30, 1902. was In V
,114,1151. (Sec also editorial, p. 1 111). ) Average rate per ton
s^r mile, 6'16 mills in 1901-9, against 4 ;»- mills in 1900-01; average
revenue train-load, 40C. tons, against 374 In 10
Advance statement for 19V9-8 was In V. 77, p. 144.
vi.

lr.ir

80—

ending Jutu

1902

1901-2.
8,288

3.

3,887

Miles

1900-1.
3,221

(938,575,631
9,928,897
£963,449,633^

935,^53,872
9,054.602
2,505,957

>

Mall, express, etc

)

Total net Income
Interest and rentals

1,3

Discount, commissions, etc
1*60000
DIUdendsou pref. stock
(4)2,400,000
do
Common stock. .(4)4,970,482
Additions and Improvements

Balance, surplus

itnc Committee.- 1. K. I.orce, Chairman;
pre\ oat, John (P. Green, James MoOroa and Bamni

x$488,985
to method Of

J.

K.

f.

Cowen;
-

,

8.

M.

L. F.

UsoarO. Mui
W. Woolford: Treas.,
MeNeai. The Pennsylvania RB. is represented on the board bj
\
M I'revost, John P. Oreen. Samuel liea and James MoCrea. Other
1st Vice- Pres^,

directors:
-.

Su-eie.

K.iwsr.t it. Harrhnan
Iforman B. Ream,
Jama* Millman. Kdw^rd K. Bacon. Kepru-

Vlniir Hauitnnian
N. Y. Office, 2 Wall8t.-V. 7o. p .'71;
,

1.

t

V

I'

'...rnisn.

77. p

van Bama, with branches;

—

Lines owned

Miles.

total

J.

A
A
A
A

03

N. Y.. (.rand Cent. 8ta.

do
do

J.
J.

do
do

6
500.000
6
1,000,000
5
275,000
1.253,000 5 In 1903
500.0O0
4
749.0O0
4
4
500.000
1,000,000
3»s g.
6
500,000

650,000
400,000
200,000

5 g.
••>

A

J.
J.

A

6«.
6g.

(!)

400,000

J.

A.
F.

.v

A
A

J. 1st Nat. Bank.
J. Phlla., F. I.T.
I'lula..
J

1,

Apr.

1.

1981

'

)U32

July

1

0I.1>«

Apr 30,1911
July

J.

5

1.
1,

Jan

do
do
Q.-J.
M. AN. Phlla., W. H. New
A J. Halt .Mere Tr. A I>ep.
Philadelphia, Pa. RR.
Feb.
do
do
M. A 8.
do
do
F. A A.
do
do
J. A J.
do
do
J. A J.
In default.
M. A N.

1,000,01

A.

1%

1936
1936
1940

July
July

e^in'os

4
3**
5

3919

l:«l»

Knlckerb'r Trust.
J.
O. N. Y
Itatlon.
D. N.Y.I
Indianapolis, Co. offloe.

774. <HK)

3.5O0.0O0
500.000

1928

1,

1945

1,

'.0(.6%
.

Feb.
Jan.
Jan.

Nov.

Mlnneap. Jan.
AH.D.Co. Jan.

when earned.

Jan.
O. N.Y..r.8.M.ATr.A8.F. Apr.
A. N. Y., Amer. Ei. Bank M Aug.

.

1,
1,

1,
1.
1,
1,

926
1927
933
1943
1931
1

1930
1928

1, 1928
1, 1923
1, lj»ll

—

Organization. Organized Feb. 13, 1891. State of Maine refrnds
95 per cent of all taxes levied. For organisation see V. 66, p. 1165.

The Fish River RR., Ashland, Me,

to Fort Kent. 53 miles, was purKxtenslon irom
(V. 75, p. 977; V. 77. 1. ;!.'..)
In July, 1903.
Katahdln iron Works, north to Chesuucook Lake, 50 miles, ww re-

ohesed

port, d to be proposed.

Stock.—Common, $1,550,000; 10,400 shares

full

and lOO

paid

shares. 5% paid; pref., 5%, non-cum., only $400 remain outstanding In
July, 1 '.»():{, $500,000 additional stock was Issued to purchase the Fish
River RR. V. 77, p 35.
Bondb.— As to gold 5s on Plscat. Division see V. 67, p. 1159; V. 68
Van Buren Kxtenslon 5s of 1899, V. 69. p. 952.
84, 329.
p.
Of the consul, refundlnir »cold 4s, $12,500,000 were reserved to pay
off the outstanding bonds, Including those of controlled roads, car
trusts and preferred stock, and to acquire such controlled roads, $3,000,000 for improvement* over a series of years and $4,500,000 for
extensions at $25,000 per mile Including equipment. V. 73, p. 286,
896; V. 74. p. i»3.
Latest Farmings.— 11 mos., s 1902-3.Oross, $1,639,010; net, $610,1 -5
)l901-2.Gross, 1,56s, 481; net, 560,004
July 1 to May 31.
Annual Rkiokt— Report for year ending June 30, 1902, In V. 75,
p. 977. showed: Gross, $1, 708, 937; net, $601,774; charges, $428,801;
betterments, $118,743; bal.. surplus. $54,231. In 190O-1. gross, $1,449,454; net, $530,0s.6.— (V. 75, p. 905, 977; V. 77, p.
Portland Ry. —Portland to Bath. Pa., 29 miles
Kanicor
Nasarcth Jet. to Martin's Creek, 5 m.; other branches, 5 m.; total, 39
mlleB. Stock, $510,000, all acquired In 1900 by Delaware Lackawanna A Western RR. Bonds, see table. Dividend (6 pel paid Jan. 15,
For year ending Dec. 31, 1902,
1901; In 1902, 5 p. c; In 1903, 4 p.
gross, $263. 22e-;net, $61,965; Interest and rentals, $45,716; dlv. (4%),
bal.. def, $4,151.
$20,400;
Bath, N. Y.,to Hammondsport
H11 ih
N Y., 10 miles. Control acquired bv Krle RR. Id Oct., LOOS. Stock,
$100,000; par, $100. Year 1902, gross, 931.922; net, $11,285.-(V. 77
p. 1224.)
Bay of Qulnte Ry.— V. 74, p. 150
Beech Creek It It.— 'Sec Map adjoining S. T. Central.)— ROA.T>—
Jersey Shore, Pa., to Mahaffey, 113 m; branches, to I'liillp-imrg, to mines,
47 miles; total, 160 miles; trackage, 33 miles; total, 193 miles.
Lkask,
From October 1, 1890, leased to the N. Y. Central A
Hudson River RR. for 999 years at Interest on bonds and 4 per cent
on stock, and since May 1, 1899, operated directly as a part of Its
Pennsylvania division, v. 68, p. s72. Carries mostly coal and coke.
See guaranty V. 52. p. 570. The bonds are endorsed with New York Central's guaranty of prln. and Int. See V. 52, p. 570.— (V. 75, p. 1398.)
Beech Creek Rilennlon
—(See Hap adjoining N.Y. Central.)
—Clearfield. Pa., to Keating, 52-03 miles; Rosslterto Rosslter Jet, 3*21
m.; McKlhattan to Browns, 1-21 m.; Cataract to Potterdale, 209 m.
total, 58'59 miles; operated from July 1, 1902. A low-grade coal line ,
leased to N. Y Cent. A Hud. River RR. (which owns entire $4,500,000 stock) for 999 years from May 22, 1901, bonds being guaranteed,
principal and Interest.— (V. 73, p. 1356.)
1

A

,

A HammondNport RR.—

,

Ac

Ac—

RR

It. Ill

nullum Ha)-

A

Rrltlsli

Colombia RR.— Whatcom

to

412 miles,

Chattanooga. Tenn.

History.— A reorganization

of

V. 67, p. 72.

Union Ry. foreclosed June

17, 1895.

Leased till July 1. 1945, to Alabma Great Southern RR.; rental guar
an teed to meet Interest on 1st M. bonds, taxes and maintenance.
8t<>cr 18 9300.000, owned bv Ala. Great So. Ry. There are also $24,000 second Income 4s, due 1945, but subject to call at par July 1, 1003;
coupons paid from Jan., 1901, to July. 1903. IncL.— (V. 63,p. oqo.)
Ilelvldere Delaware RR.—Owns from Trenton, N. J„ to Minunka Chunk. N. J., 67. m.; Fleiulngton RR.,Ac. 14 m.; operated cut-off
1 m.: total ojierated, 82 miles, (.eased to United Companies, and transferred to Penn. RR March 7. 1876. Net earnings paid as rental.
-1.1. K.-Authorlxed, $4,000,000; outstanding Jan., 1H03, $1,253,000; par, $50. Dividends l»97 to 1903. both Inclusive. 6 p. 0. yearly.
H.isds.— All of the outstanding bonds are secured by the consoll
mortgage of 1875 for $4,000,000; sinking fund per cent of outstanding bonds If earned
The Issues of 1885, 1887 snd 1903 are guarant-.d by the (Tutted New Jeisey RR. A Canal Co.
Form of guaranty.
V 7t>. p wig.
1

14 1,249,950.

A Polomae RR.—See Phlla. Bait A Wash. RR.
Btneor A Aroontook 99. (9ss Afap)— Oldtown, Me., north
llaltlmorc
erly to

g.

A

J.
J.
J.

1,

belt railroad In

z$l ,081,097

$6,157,804

John K. Cowen,
Jacob II Scroti, (liar.es

g.
g.
g.
g.

1,

Apr.

do

2,500,000

»<urcliiH dlllsn from th.it nhi.wn In pamphlet report owli) k'
oommoa slock dividend, the above belou 01

s

5

)925

Men.

City.

J

Q.-J.

5

(4)1,800,000

$16,756,029
88,148,619
970,504
448, H27

charnin*

.1.

4

500.000

A

1

»lly

July

W.rk

D.

do
J.

y

19(6

do

do

A

J.

ill

itllllll

2,500.000

$20,274,481
99.902,698
1. "4 7, 033

-

Taxes

8

5,0<M).ooo

-rlnl

(4)3039. "48

$18,289,497 $16,068,200
1,984,984
688,429

$25,378,674

(net)

(iuar"Trii

>.W39
(4)V4- 0,000 (4)2.400.000

$51,178,061 947.114,431
32,888,564
31,046.231

..

.

Maple lulls. Wash., 42 miles; extension under construction from
Maple Falls tii Cornells, 7 111.; branch from Hampton Siding to Lynden, 5 miles, and a further extetslon of over 50 in. also proposed.
Stock. $1,000,000. all owned Jan., 1902, by New York and San Francisco parties. Year ending Dec. 31, 1901, gross, $120,134; net. $48,000;
taxes, $5,787; lnton bonds (1 munth), $2,083.— (V. 73, p. 1356.)
Bell Railroad A Mock Yard of I iidlanauolla.—Owns 14
miles of belt road, etc. Leased for 999 years to Ind. Union— which see.
Divio.— ) Preferred In Common '95. '96. '97. '98to'02.
'03.
Since 1894J full to date, stock p. o. 5
4>«
5 yrly.
6>«
Pros., 8.E. Rauh, Indianapolis. Ind.— (V. 75, p. 1353.)
Bell Hallway (of Chaitaiiooga, Tenn.).—Owns 25. miles of

2,678,563

3H.570.959

,..$63,449,633

Neteamlngs
Other Income

(

$J3. 878,674
1,50j,OoO

Total trross earnings.

Operating expenses

9.
g.

1,
1,

riaoe.

4

1,000
1,000
1,000
1.000
1.00O

1900

Bloomb'aJ

B

1948
1J43
1947
1951

1,
1,

1

V

g.

5

Dlvldeni.
Jan.
Jan,
O.t
July

N.Y.HrownBros.ABos,

Various
6 Various V

6

160,000
8,000,000

1

CHeart.Bltam.CoaJ 1st M..lutgu.by Bh. <r...
Brcch r Kit. -1st M .. $1,500,000. g.. gn !• 4 « •<"
Hcllinah Hay<*Hr>t.('<H.-\»l M..$l .000.000, g.,s.f.
Belt RR <* Stock Yard of Indianapolis— Slock
Preferred stock, cumulative
lsi mortgage for 11,000.000, currency
1st M.(red. aft Jui\ 1, l'.»o:o g..TIeBa.oBelt Ry.
Beirut, re iHlnvure - Htock ($4,000,000)
r
guar, bj United Co s.s.f
,1.
(

50

A

5

1,000
1.000

o*r

A

920,000
60,000
100,000

100 Ac

i

1st M., g.guar. p. .v I. u-nd.i
2d M. for $1,000,000, g,ga p.

5g.

1.000

\

K.

4 K.
•If

3,071, 1'....

\

Vhoiu.
Guar. Trust Co.
do
do
do
do

5)

500.IHI0

'

m

Homit -Pr nojK DIVI1
pal. When 1 >ne.
Where payable, and by 8lock»— I ast

When

l"" r

c ,_

Value.

L898

-

Amount
'.".Tintf

c.-

«•
Aroostook No. l<m
ConsoL refund'g morl
Aroostook Ooont bonds iiwddi
Bee V. 70, i>. 893.)
r
5a, 19
Car tniHtM, <.,
Ha »</'"' •' Portland l-t mortgage, gold.
Bath Extension mortgage told
mortgage, gold
Bath <t Hamuli,,,.
Beoonil mortgage, trolil Cc
Beaver it WUwood l-i mortgage. gold
Beech Vreek—HUK-k (guarani.-.-.l i per c«nt by end.)
.

8lx6f or

Road. Bond*

.oO,0O0,k«.0

i

1st

of

I

I

Van Bonn Bxten.

DaUj

of

see notes

1335

IN.

^^

RAILROADS.

fion.

- ;,

RAILWAY STOCKS AND BONDS

1903.

P.,

viz.:

Miles.

BrownvlUe to Caribou and br. .205 Ashland Jet. to East Kent
96
O'dtown to Greenville and B.A
Aroostook Northern, Cariliou
K. Iron Works
95
to Limestone
16

Kvkmnos.— In 1902. gToss, 91,121.127; D(
14;
Interest,
taxes, etc., $145,208; Mnk fund and other charg.-s, $.04,442; bal., stir.,
$1H,044; div. (6 p. c), paid out of surplus earn iws of previous years,
In 1901, gross, $1,306,565, net, $412,086.-(V. 76, p. 47.
650.
60S, U18.)

Bennington A Rutland Ry.— See

Rutland

RR.— (V.

70, p. 685.

•

RAILWAY STOCKS AND BONDS.

1336

.

[VOL. LXXVII.

i

T£a£e

/v
EdmundstonXU-,^'

I!:lsil

Ixike

/
/
VANBVi

/
Eagle Lake

.Thomas

—p'-

'

IMI-Il-M

Wii

/

JC.

M

ortafe'c

^/\

fi.ll.nrv Jc.

st

/

^

'^jU^A

m\

V i-^V

\ApPresque -Isl.e^"
A

Ansi'lme

^|

L *N>fi[Fort

iV

!

iprUoostook Jc
V^TiJ.\iKlover

jZt
f^ff FAlttfrj/ELD

Fairfield W^;as|,M Kilburne

ll

>

Wesliu'ldV*:
,,
.Mao Hili\4

V\ _ . w
xX Rath
^Ci
Kent

|
;

J,

!

Blaine^""

Florence vllle

BridgewaterJ^-^^^

Xi
I.Joseph

f

^$*

Chamberlabt-^
.Lake

CO

.Francis

-y^

J

r-^IIartland

MontT«.-lloMt/>i

^l^^p%ll

r>

^

J

"3

o

,,jO.

/

/M
yj

I

/

T»

AL,^->'l6
Uano] FallsV

Ch'suncook
Lake

vel0Cl

)

o

lfti(fiiiniafcai«)

fafe-C

i

Beuton c

)

Cry*

rPatten Jc.N

Canterbury

-4
l.Sr/ionilic
ftl

Cake

'.n);cs

^h
^|

North TwiiRDaj

•O

Mooschea

ZaJt«
Jfeganttcl

Seu(|eis

1

KATAHDIN%
IRONWORKS

* (
GREEnWleW
IREENVILL

Lowell T.

X

\

\

OrandXh^,

\

-$

^

Big.

'adwell

U|

/

^"

II:

-"^nrdi, 1Kt ;,n

*5B^^
Ol

l\

f

Bingha

A

ai

Mill\l

sandei

7*

,

V-'-^Dcxtd

BcEnd

ingfleld -jjsolon

V

r

,\VEmbdeniV
/SaleiiT—V >?

*tfr£

V

orinl* n

UartlaWrV

\

u

„£ BANGOR
Hermoo

Pittifieldl

[owhegaVt
3Sorrldg£»oclT5

si,

^

Wilto

^ Farminqton
Wll
VS>

c-

y-TV .—/\_

\\
^S\ BurVtliaiii
\v
T\

i

//

k^

l .

•.

^—'

—

J^fc BuruUam
>7V

Pond
ftrrlno
rtod

^

Si

^ \Green Liike

Machia

Shtt\mut,

[llswo/

AS

ll

4

*
o
BtinJ

^

MAP OF THE
V

uj«'ny

ififerj

&

AROOSTOOK

RAILROAD AM)

j|"

(Vurk Ikadi

'

BANGOR

Jc.

ismouth

>

(

ONXECTIONS.

0<

RAILROADS.
Miles Date 8Ue, or
Amount
i'ar
of
of
For explanation of column heading Ac, see notes
Outstanding
Road. Bonds Value.
on first page of tables.
dt Albany— Stock ($30,000,000 authorlxed).
Bonds (not mortgage), guar, p. A 1
Bonds (not mortgage -r*>,ooo,ooo

Bond*, f 2, 500,000, in
Boiton <e Lowell stock
Bonds, not hum
i

do
do
do
do
do
do
do

Boll. 1m,

Bonda,
Bonds,
Bonds,

Bonds,

1883

A Maine gives
rental guarantee
for 99 years.

Boston
a

0...

<t

stock,
itook, 8 pei

!

Bonds, not mortgage, fold
Bonds, I >,4 l.ooo, g., «eoun d by

[mproTement

b

is,

1887
993
1*94

c.*r

en

.

•

dsH

tlirop

.v.

111

—
—

1

1

M

.r

Kinsua

Brooklyn J
Brute UtifiJ.il
It

1

at

500Ae.
l.OOO

1886
Var.
1899
•88-'93

CAT

shore 1st inort assumed III
oAr
1-1 inort.,
1-1 M., 8300,000. g Idp

100
1897 1000*0.
1,000
1897 l.ooo.vc
500
1892
l.OOO
1*91
500
1902

l-s»;

"27

lstM.,$350,000,g.o"
each
M. $250,0 O.gu.p.&l.red.

17

BR.—West

Btookbrldge, Mas*., to Connecticut State
is 12
I.. -iised April 1, 1893. for 99 years
N II a II. Kit. for expenses, tines and 6 p. 0. on stock, pud
Lease to Housa
Ik., Btookbrldge, Mass.
tonio BB. suspended but not oeneeled. stock. $000,000.
Il.-s.uicr A I. i«ke Brlfl It It. -Leases Pittsburg Bessemer bo
Lake Erie BB., Bessemer, near Pittsburg) i'.» to Conusant Barbor,
with branohes. a total of 308 miles, for 999 years
Lake Brie, sti
\|.:
1, 1001.
V.73,p 137. Authorized to operate • railroad
from a point of connection with tile Pitt*. Bcs. A lake 1. at or near
Station, i'ii., to a ooint on the Jamestown A Franklin BB.,
stick,
n. In.: has 10 miles under construction,
authorised, $500,000, Controlled by the Carnegie Oo. and so by the
U. s. Bteel Corporation.— tV 72, p. 137; v. ; »>, p. 7 19.)

llcrkklilrc

,u,l

opened

.

Hlriiilii^Oiim A Atlantic It It.— Talladega to )*.U City. Ala., 23
Bogant l" ore beds, 9 in., and Furnace to Welst tigers,
3m total.:;
took, $1,000,000, all cominon; par Of shares,
$100. Teat ending June 30, 1903, gross, 943,292; de£ under oper..
Interesl ool paid. 1'resi.tcnt, Sidney H. March; Sec. and
2; bond
Treaa., John Carlsen. 36 Broad St.. N. Y.
111. in. ink \t MBlihnrii A ttremfl I'alln It y.— Bismarck. N I).
to Washburn. 47> in.; projected thence to Great Falls, Mont, of which
19 miles north from Washburn to Underwood whs completed Oct,
stock authorized. $.".00,000; outstanding, $160,000; pax of
shares, |100. or the bonds (authorised issue *7,ooo.ooo> $600,000
suable on the tlr*t 16 miles completed and the balance at
113,000 per mile. Year 1903-08, rross, 9151,119; net, 175,395; int.
and taxes. »3 ).»99; bal -u
President, W. i> Washburn,
Bismarck, N. I).; See. and Trees., C. 0. Crane, Minneapolis, Minn.—
.;

,

Illoom-hiirii A Snlllvaii It It .— Owns Bloomsburg to Jamison
30 miles. Stock Is $600,000; par, $50.— V. 66. p. *<
Year endin.
1909, gross, 870,260; net, 938,888: Interest,

City. Pa..

•:

surplus. $3,3 73 .— (V. 66,

,

1

.

80,

lliKH A LojraltOH Kit.— Owns trom Mo. a. 01 Central Paolflo
rt westerly eia Loyalton to Beokwtth,
mainline
10 miles; under
Idltlonal main line and 6 miles of branohes.
oo.ooo; par
tMver also Roberts Lumcomprising
lands, water works
r-u-t Oo. ..f s.m Franolsoo is mortgage trustee. A
etc.; Mi
-1 per looo feel of lumner out, oommonolng
sinking
the ral road Jan. 1, 1907, and
to be paid bj
year thereafter, will ret'ie bonds .t 110 and u
Barolngi for LS mos. ending Apr
p 1191.
Lallroad,
-

1

,

1

1

I

umber grn
combined gross

19;

ited

<>.

[or

total, $:t;7..".'Jl
\

e.ir

;

tol

ending Ann

1191.

p

Betas Nampii a Owyhee Bt. ffsmpa toM ar ahy Idaho, 30-45
'om pie ted July, 1899, lii col was extended from Nam pa north
,

omett, 28 miles, under charter of Idaho Northern By, In July,
extension from Bmmel
Bend, 38 miles, was reto be propossesl,
8to< k. $1 ,000,000; par. $KH>.
In Apr., 1908,
no bonds were to be Issued "at present." Year ending Ji
,58
President, W. H. Dewey; 8eo.,
K. K Qreen. Nsmpa, Idaho.
i

A

Hooiivllle

St. Loots
Soiitliern lly.— Hoouvllle to Versailles.
ised to Mo la
i!v 1, l:i 10. at annual rental of
Stock, $.150,000; par of shares, I
00, taxes, expenses, tc
'

I

1

.

A Albany

Hentoii

N. Y. 903 miles;
total operated.

lilt.—Owns from Boston, Mass., to Albany,
numerous branches. 104 miles; leased lines, 88 miles;
\ consolidation of December, 1867
- to the N. Y. Cent
A Mud Klv KK. for

394 miles

per cent per annum on the $25,000,000
nuarterly [Mar. 30, etc
organisation expenses, Interest on
of inalntei
.»
["he B
K
received
for certain property not Included In the le
i~a percent loo year debentures, thUS milling -77 percent per
annum to s per cent guaranteed on stock. Bee lease In \
J 99, p. 1061, 1103. 1946; V. 70, p. 74; V. 71, p 645
wie for terminal facilities at Bo
wnlah 11,000
v. 71. p. 1318; V. 79, p, 44] V. 76, p,
l.
In lliBNDS— Cash dividends at the rate of
B per cent vearlv w .re
paid for many years prior to the lease. t.\U.:
In Mar. and s>pt., 2sg p. c. In June ami 1
^ p. c. in Dee.
BB. Coinml-slon). Kor \ ear ending
June 3o, 19(
,«0. against * 9.554. 35 !n 1901-3; net
ime, $374,138; charges'
-

guaranteed
ile

,

.

I

do
do
do

A
A

A

ft

')

J.

i

J

A
A

H.

ton, at

g.

F.
J.
J.

M.
J.

M.
.1

\.

A
A
A

do

A.
J.
J.

A
*

N.
J.

i 8,
i D
a 0.

nd.,

jr.). 000

4

g.

890,000
150.OOO

a

;,

1928

Apr.

1,
..

1932
1913

M.li

1.

I'M B

1

July 1. 1916
Oct .1917*18

O trice.

"3,

-ept

I.

l\

'08,

3%
J

Aug.

1,

July
Nov.

1,

1

1906

Sept. 1,

June

otlloe.

In default since
N. V.. Ki.b k

1950
1921

1,

Jan.

Bosto
Boston, stale Nat'l Bk.
Boston. 81 its Nitt'l Hk.
Apr.. "09, int. last paid

I)

1937
1943

I,

Boston Office A Fed.Tr
do
do
Boston Term. ,ro.
do
do
Offlor-yOroheqnes mailed

V

M. 4
A

.1

1,

1,

Oct.

Boston, at

Text.

3>«

14,000.

May

do
do
do
do
do
do
do
Raring Br

do
do
do
do
do
do

1

1.

1911
Jan.
July 2. "03. 4%

Oausewaj

A.

A.

'03 t 2

>,

Apr.
Oct.

do
do
do
do
do
do
do
do

do
do
do
do
do

F.

5

Stock*— Last
Dividend.

at Offlce.

M.

4H

pai.Wtiel

do
do
do
>n.

4
J. * J.
4
113,500
(4. -J.
4.0OO.0O0
10
J. A J.
2,170.000
4
2 In 1903
850,000
561,000
4»ag. J. A J.
M. A 8.
5
289,000

500

N KH

1

do

594. -'>..

100

1

6

•.e.H.000

-

8
J

A

4»« g.
3 g.
3*a
3«u

2.0<Hi.i..hi

1.0O0

9
5

A

J.

4

l.Ooo.oi

Var.

68

ourrenoy.OB

Until. Bord.

2.5O0.OO0
6.0OO.0O0
5,454,000
1,000,000
8,013,155

1876
1*77

73

1100 Ac

•

1

W11.

J.
J.

<k

4

1,000
1,000

a

J.
J.

F.

6
4

1,91

1

do
do

M.

3^

1,500.000

V

Boston, Of. Ter. 8tat

3,070 7 In 11)03
3.1 49,800

1.000
1,000

l-.MMI

1901

Bond-. ($2. OOO.ooO) not mort.i
udebt.lstM..g.,8.f.,notdrn.o
Eastern
c
onway 1st moil
alia .v
1 B, assumed
0.
1, i-t m
Charlestown land mortgage notes
h. rennlnal bonds (no inort
Boston it {"rint. Stock, 10 p. c. guar. 09 y rs., Old Col.
°*
Bonds, cot n
-took
Hottnn Essen
,

1

1

Kit.lib. stock
not inort.,-Ti, 000,000

1

500,000
750,000
414,000
939.000

1,000
1,000

t

I

I

)

/

livable, and b)

Various

4
4
4
4
4
4

l.ooO.OOO
1,000,000

100
100

common and

Mm, c

scrip. «»B...
c.-nt, nou oumul itlve oic
in pro \ cm' bonds, ft. L, BOI inort. OT null). tO call
Iiiiprovcnrt bonds, I. f.. ii"! inort or sub), to oall
oAr
Bonds (not mortgage) for imp. A ref

Boiton

8
3-»

250.000
3.675.OO0

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

1892
1893
1806
1896
1897 s

34

l.W

1885-9

I

4

l.OOO

100
1,000

R

3"n

8.63

1901

>

Payable

8.888,000

1,000

L909

remy

0'..
0'..

(

When
Cent.

1100 #25.000,000 See text

s\>i

Botloii

Bonds,
Bonds,

m:

RAILWAY STOCKS AND BONDS

L903.

i..

1

Sept.

Oct

1937

1906
1907

1,
1.

Oot l,'03,2»i
July 1, 1911
Juiv 1,'03, 1%
July 15, 1927

May

N

1906
1947

.

1

1943

1931
1953

1,

June

1,

others, 45 miles; Middlesex Central, 11 miles; leases— Com,.
A Passninpslc, 147 miles; Nashua A Lowell. 15 m.; Peterborough. 10
Northern N. H.. 83 m. (and subsidiary lines 90 in.)-, Htouy Brook

mj

Wilton RK., 15 m. Leases mostly assumed by Bost A Maine.
In 1887 for 99 years to the Boston A Maine at 7 per
stock till Jan. 1, 1897, and 8 per cent thereafter.
HTotK and Bonds.- Stock authorized, $6,599,400. The debentures
were described on page 2, Son*, of April, 1895.

KB., 13

in.;

LBABE8.— Leased

cent per

annum on

Boatoii

A.

Tlulne

It

—The system

It.— Road

with

Its

many branch

lines covers the territory from Boston, Mass., to Portland, Maine,
(two divisions), Sprliigtlchl, Mass., Sherbrooke, Can., Rotterdam Jot.
and Troy, N. Y., Woroester, Mass., to Portland. Me., and all Important places In New Hampshire:
U See this company.
Liiics

owiud.

Lint* leased— ( Oonci.)

Mile*.

Boston, Mass. .toPortland, Me.

W

Dlv
Boston to Portland, K. Dlv..
Conway June, Me., to North

Mile*.

FlteliUurg

115
108

A458

Nashua A Lowell

A

fll5
1194

H

73

Woroester Nashua
Couneotlout River
Other

Portsmouth Kleo. Ry.
Portland, Me., to Rochester,

is

Trackage rights

:.l

Total operated July 1. 1903.. 2,282
2d track (3rd A 4th tr. 10)
513

Conway.
N.

N.

II

No. Cainb. Jot, to
ton, .Mass

Rooh...

RR

U80
88
9
.

.

Northamp-

Controls Me. Cent, (which see). 824
St.Johnsiiury A Lake Champ. 131
Sundry branches
York Harbor A- Beaoh
Lines leased.
11
Boston A Lowell
Vermont Val. of 1871
1T470
24
Sullivan County
Conoord * Montreal
26
H449
Organization, Etc.— An agreement with N. Y. N. H. A II. regarding division of territory was made In 1893. V. 56, p. 464,
STOCK.-Of the $23,638,070 stock outstanding July, 1903, $1 ,12-.
200 was held by trustees as collateral for Ifastern RR. certs of IndebtThe stockholders voted on Oct. 8, 1909, tO
edness. V. 69. p. 129.
Issue $1,000,000 additional common itOOk and $2,000,000 twentyyear bonds for improvements and equipment, V. 75, p. 665.
Dividknds. < '87 '88 '89 '90 '91 '92 '93 '94 to Jly, '99. FroiuOot., , 99
On common. I 10%
8
8
6 yearly.
See below
Dividends Oct., Is 99, to Oct, 1903, 7 per oent yearly.— V. 69, p. 642.
Bonds.— As to debentures see Sdi-plkmbnt of April, 1895. Cnbr
the lease of the Fitohtmrg RR. the
M. issued its $5,454,000
fifty year 3 per cent gold bonds to purchase, | for 9, the same amount
of Fltohburg common stock held by the stateof Massachusetts and by
private persons; V. 70, p. 175.
In 1901 $1,000,000 bonds were
sold for permanent Improt ements upon various leasediiues ami In Jan.
1903 61.000.000 of a #2,000.ooo authorised Issue; v. 73. p. 55
1111; V. 75, p. 665, 1301. Notes payable Jun-i 30. 1903, $2,350,000
K. A M. guarantees $1,328,000 nrsl 6s of St. Johiisluiry A Lake
Champlaln. also Interest on 9974,000 Man jhester A Lawrenoe 4s.
Jointly with M. Cent, guarantees $300,000 Portland station bonds.
Annual Report.— Annual meeting second Wednesday In October.
Annual report 1902-03 In V. 77, p. 9 17, showed results as follows:
rear £111/1110 June 30.
1903.
1909.
1901.
Miles operated June 30
2,382
3.260
3,365
Passenger department
$12. 11-, 115 $11,557,583 911,147,757
Freight department
19,965,457
18.21"
18.73
Malls, express, etc
1,3'
1,681,484
1,482.919
Total gross earnings
$31,7
f
Netearniugs.
$9,3
7,973
Net, includ. other Income
$1 0,033.237
$9,997,444
90,856,835
Interest
1,401,882
1,366,997
1. -'68,588
Rentals
5.067.593
5,062,922
Taxes
1..
1,629,514
1,547,315
Dividends
1,771.722
1,76
Sinking fund
151,288
191,986
151.285
Balance, surplus.
.186 "
.113
$22.
OrriCERS.- President. Lucius Tuttle, Boston; Comptroller an
eral Auditor. W.
Bobbs. Boston; Treasurer, Herbert B Fisher, Boston; Clerk, W. B. Lawrence, Boston.
solas Tuttle, Btohard Olnay, Walter BanneweO, Hsory K. Hoed,
M. Wnituey. Br.sikilne. v
-\jsjra.
lUel C. Lawrcn. e. Me<1l
W s„]|,,way Franklin. N. 11.; William Whliing. lloly.,k.
xander

99
152

999>«9

HA

•

-

.

I

:

1

0—

.1

i

'

ii

•

.

1.-79: bal.. sur..

Figures of the lessee company:
Int., etc

ItirititTitli.

1901
!6 i3«i
1900-1 .. 9.931,
1453
x. .000,000
x Also $187. 5( by company Itself from investments.
-(V. 73. p. 1312; V. 74. p. LOO, 099; V. 75. p 788, 1301.)
,

.

Kal.,tur.

$34

l.-.'l

206,30-J

Boston A Lowell Kit.— Ki>u>— Owns Boston to Lowell. 27 mil
branohes— Salem and Lowell, 17 mliee; Lowell and Lawrence, 12 mil

— (V.

75. p. 1301; V. 76, p. 381, 10-3;

V 77.

p.

145, 297, 3 4 7,

94 7.)

Boston A

l*ro\ Idem c lilt.— owns it. i-ton
'rovldenoe,
miles; branches, 20 miles. Lea
years. April 1,
1888, to Old Colony RR.; rental, 10 p. o. yearly on stock.
K.

I

.

a

•

ItoMion Itevere Uracil A Lynn KB.—Owns narrow-gauge road
from Lynn to East Boston. M
uectlng with Boston by
company's ferry boats; Boston Wlnthrop
'•
Dlv., Last Boston to
'.

Winthrop, 5 miles, with branches
for Boston W A- ments. (V.65, p. 68.) Notes payable July

"

i

0O0 reserved

HiviDKNDS,) 1888-91. '92.
Percent, J 7 yearly. 5>*

'93.

'94.

5

4>*

for

t«289,-

Improve-

1903, *295.000.
'95. '96.
1897 to July, 1903
4
3
2 yearly.
1,

1338

RAILWAY STOCKS AND BONDS.
[Vol. lxxvii.

1

0<

RAILWAY STOCKS AND BONDS

L903.

i..

.

RAlLRi

:..unt

v

•Mien

For explanation of column heading, Ao., Bee noUon tint page of ta

of

Brunaxe.dt Ilirmi>igh.—l»tM., #12,000.000, g lv
Bruntvo.it Weal. -• <• Aii.iMn OOAfl I.im. UK.
cage
Buffalo Or>

105

1902

81,000

12,100,000

•ihl

6
6

1882

1,000
1.0O0

184.000
540.000

6

100
100

8,300,000

Con

gold. Interest a* rent a
KM. Kvll.lt"

I

Uu^.j

Tr

"In. ItOOk
Buffalo Unrhimt.r X fHttsbUTQ
thenprorai
l*i
r
took. non-enm
<

K.
K.

M

P. 1st

A

.

—

B R A P l"t gener
Llnooln Part A Charloti

10,000

d,

i

Buffalo

L909

....
-

it

RR.

l

l'irf.

1
,0i

-

369

»

I

lawful
r a M w

•.,ik.-.-.

Rap

i

SortKtm— Stock.
F
money
inmed)

<

e

Report for 1898-9

EARNIKOS.-Year ends June 30.
Sri.

Int.

it

1SK-1

Bnn LINUT on AQ

- Clll'-AQO

Bur;

In V. 69, p.

1

[N.

,

B60.080
8009
$17 ,0OO
601
17,000
57,561
V (17. p. IOOO; V. 69, p. 953.)
-(V. 65, p. 68, SOSi
lt<>«i<iu Terminal < <>.— Owna Southern Union Depot In Boston
Boston A Albany, New
p .v.H.
England. Boston A Pro* old Colon] and N. Y. N. II. A Hartford Kit.
u<h owns one ruth of the #.">0O.0O0 capital stock and pay as rental
•i- lily
Instalments anma aufflolenl to pay all expenses, charges,
These companies are
.;
per cent on stock.
mi bonds and
Registered lnt•jointly liable for any deflolenoy la ease of foreclosure.
K ooupona F A A. (V. 69,p. 129,591.)
Bradford Bordell A Klnana lly.— (3-/«. gauge.) Owns Bradmll< >s Lciutcs Onnsby Jc. to Mt. Jewett,
ford tn Mmethport, Pa 26
tg Level .v Kln/iin KK.l, 10*48 mile-, and Mt Jewett to Kane. Pa.,
,

I

;

1

1

11-49 mllea.

Total

48-08

miles.

Stock,

common.

lonpona beginning
[(249.000
r
with that of Oct., 1902, are In default; v. 7 >. p. 1080. l> H. Jack oi
protective committee for the bondholdBradford, Pa la recelvi r. A
Year 1901 02 (.Including
er-, it Is understood, has been appointed.
Weafu lint i operated), (jrose, 8188,207* net,

fa,
.

•

IIr»lil«l»oro A

Hroi k\

1 1

lo
p.

etc

.

balance, deficit, t39,077. Prent ,Oeo,

r7t).n-'l

Pa.— (V.

75, p. 798, 1030, 1201.)
Wlilteliull Hit. (V. 76, p. 1299.)

uric.

\V.-»(|»ort
101. 211,

—

>aiili

\.

M.irn

Sto,

Hy.— (V.

75, p.

llrooklyu A llrl-hloii Hch< li It II.— V.09, p. 228; V 75, p. 1353.
Ilrooklyn A lloikawa) Ken< h It It.—Owns road from East
Brooklyn) to Canarale l.andliu-, Jamaica Bay, 3 ** mllea (of
ible track), and operatea ferry to Kockaway Beach.
led during winter months, on. an. 20,1903, Henry J.
ton e ii appointed receiver foreclosure pending, v. 76, p. 21 1,971.
k la 8150,000; par. 850
Floating debt July, 1903. •8315,000; real
Bto
ending June 80, 1908, groea, 84,082;
other Income, 84,471; Int. and taxes
lef. under operating, 88,672;
13 l.al nice, ileflclt. #32.043.-0 •"*. !'• UMl; V. 76, p. 211, '.'71
KriMi' **Ilii««iA \ l-ioma Itf . V. 76,
Kniiiswlck A III mil nu I111111 It B.— Projected from Bmnawleki
Birmingham, Ala.. 417 mllea, with hranobea, making a total of
about
iranawiok. Qa., to Irwlnvllle. 168 mllee.
iiton in Sept
1908, Including traokage,
lontrol
DOjUlred of the Oollla A Irwlnvllle, protected from Oollla to
Ashburn and of the Haw klnsville A Florida Sontnern,
rtli to
lnav tile, Oa., 44 mllea, with branch from
I mllea.
10k and bonds authortaed, each #20. nun per n
e,
lent, Hird M. Robinson. 277 M'way, N v. Treat., C. J. Boahnell,
N. Y.— (V. 77. p
It 11 II a lo Creek It It. —Owns 6 mllea of terminal road In ButTalo
K, Y In December. 1889. leased for term of charter less one day, to the
I^hU-h Valley and the Krle Kit., which together Own entire Oapltal
«tock of #250.000. Dividends In 1898-99 to 1902 03, Incl 7 p. 0. yearly.
I

;

5

1,

1952

nera' L.

ATr. Jan.

do

.

Jan.

1,
1,

1907
1941

do

J.

A.

Wall Street.

I

L«f

A D

F.

A

1

.

1931

1

Da*.

,

lit

Jan..

A

g-

M.

A

IS mailed.
.1

do
do

8

AN

g.

i

Nov. 30

l:

J. N. Y.. Ft*k .V

I

Aug.

obli son. Sept.

l-k

1

!

May

do
do
a

Lai
II

A

June

da

do
.

i

ill)

<ln

v V
J.

19

1919

I

D

4
g.
g.

M.tV

do
do

A.

.1

ft.

M.

4

3S
3S

do

do
ao

g.
g.

5

14. •03,
•03,

•

g

44

1

do
do
do

g.

5

1,064,000
oo
3.309.000

A

Koldnson.

1988

1.
1.

1918
Apr. 1, 1J31

ka mailed,

17.200

44

fork.

g.
.1.

A

J,

A

Aj.r.

1.

Hank Julv 1.
June 1,
do
Oct. 1,
do
g.
rln
do
Apr. 1,
g- A. A Oi
7g. J. A D.l N.Y., Hanover Nat Bk. June 1,

7,150,000
6,500,000

6
5
5
»

11,000,000
150,000

.1

D.

Central Trust Co

1906
1921
1934
1927

the proceeds to be used to build 4"« miles of new road, tin- remaining
to be offered to stockholders, when required, to build 17 mile
above. V. 75, p. 1 S3, 317; V. 73, p. 100;'; V. 74. p. 1250;
V. 77, p. 354.

Dividends

(p.

mo 1226666

o.))'92. '93. '94-96. '97. '98. '99. '00. '01. '02. 1903.

Preferred

>

Common

i.

.

J

#700,000

I»r punt. lial.,lurp.

Uurt.

Dividend.
Jan.

.Knlcker.Tr

.

i

5

7.1

NY

J

1

953

$77,072
75.162

19

5

1,000

L881

I

I'Vr'Ar

trust, « lid

....

I*r

eon Id M..g.. guai

.

l.OOOAo
1877
500

o'.tr

In ^

Bun,

1204
12

0,000 auth

A
A
A
A

"

5

1,000.000

1901 l.ooo.vc
100
1903 l.OUOAc
100
1876 UXMtc

n

4
44
4

500 Ao.

102
ITS

'I.

1st refun Mm.* mort., gold

1,500,000

50

atk.,4%non en

par

red. at

let

g.
g.
g.
g.

4>«g.

500.0(H)

2,000,000
865.0O0

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

L886

M., g., s f
mort.,g..s. f.Ce..o'|

M

t

•

L8M

Ut

Helvetia, purchase money,

5
5

100

....

A ,prei atoo«
rereon & Clearfield
Lat M., g.. sinking fund, dr irnal
runic"
2d M.. gold, m. f.. drawn lit IOC
Plttt, L'OtJ <V Iron,

P.

6
6

1,000
1,000
1,000

v

1

J.
J.

J.

i

Si»t kt— lM»t

b>

6iu 1903

10

gu « »<-•
gold, due »eml annually •
i:
Kqulpm't bond*. 1500,
H)each, g..s. t.O
do
D, g.,
do

.v

J.

5g-

8,917
4,4-

1,000

1887

'I

I

.i

Koch

g.

I'rlucl-

d,When Due.

When

WfeOB,

1,000

1

In

...

I'

....
1

ii

i

.

....

n

.

.V

Outstanding

I

I

t-

Value.

">da

r

DIV1D1 SDH
I'avalile, and

Hi

HUM

t

!:*:>!>
H'liult

5

4

)

On common

4

51*

2^ p. c; Aug. 3 p.o. V. 77, p. 146.
mis.— General 5s for #5,573,000 are reserved for prior bonds, etc,
The 82,000,000 debentures of 1897 tn the treasury In July,
1903 are convertible Into common stock at par and rabji
.cured by any aubaeqnent mortcall at 102Hj; they are
gage unless made for refunding existing prior liens or to
1

k

In 1903, Feb.,

1

RAP.

tensions exclusively. Sec V. 64, D. 706; V. 73. p. 1009, 1111.
Income 6a, $5,000. A sinking fund of 5 percent will retire ner. A, B
and C equipment bonds annually on May 1, If purchasable at or below
par; otherwise to be applied to the put chase of a idlttonal equipment
V 18, p. 1131; V 71. p. :.ol; V 78, D. 848. Seiie* I) have an annual
sinking fund of 6 p. c. for purchase of bond- Sept. I at LOS and Intere-t; if not purchasable, bonds may bo drawn by lot.
Real
mortgagee bearings p. O, Interest, #301,000.
OrI:\hsino8.-2 mos., ) 1903
U.,961
..Cross, 1,254 150; net, 573,853
July 1 to Aug. 31. S 1902
Annual Kktokt.— Fiscal year ends June 30. The annnal meeting la
held at New York on the third Monday In November. The report for
1902 03 was trivt-n at length In V 77, p. 3 17, 353; see also editorial,
In 1902-03 carried 5,126,31 1 tons of bituminous ooal (out of
p. 375.
7,893.900 total tons of freltrht moved), airalnat 4,655.783 in 1901 n J.
1903.
1901.
Tearmd. June 301902.
1900.
472
478
178
472
Miles June 30
$7,404,504 86,292.584 85,803.693 84.992,147
Oross earnings
$3,028,082 $2,519,018 $2,394,661 $1,863,267
Net earn In gs
20,662
48,233
26,926
Other Income
19,988
1

1

;

—

j

]

t

,

1

I

,

Ilollalo ll.xlnm.rA PlttaburK ltall\«a> .— < Srr Map./— Oper
aten from Buffalo and Rochester, N. Y.. to the bltomlnona coal regions
Milrt.
I.ratrit Kulirr .«(' k mrn'd — Miltf.
I ntrs nxrned \n fte
Burfalo Crt«ek, N. V., to Howard
Johnaonbnrg * Bradfonl RR.Uoward Jane, to Mt. Jewett. 20
Pa
81
Jane.,
Letittd— Stock not owned.
Clarion June, to I.indsey, Pa.. 60
94 Allegheny a Western—
Rochester to Aahford,N. Y
Punxsutawney to Butler, Pa. 60
Charlotte, N.Y.. to Lincoln P k. 10
45 Cleartlebl A Mahoning— II
Indiana branch
Five branchee to mlnea
Held to Heech Creek RR. 26
19
Trackage
Mahoning Valley RR
2
Erie— Mt. Jewett to Clarion J. 21

—

—

I

.

A West.— Butler,

Pa., to

[fewoaatle
41
Rlboid Jc, Pa., to Allegheny
City, Pa
Total Oct.. 1903 <T8ee eepaPa. -Black Lick to Vlntom!
rate utatem't for thla comOther
5
pany)..
535
m/vtmn. Kn -Successor In March, 1-^7, to the Rochester A
Plttshurir. which was foreclosed tn Oet.. 1885.
Plan of reorganization
.

v LI. p. 616. The entire oapltal Btock a PlUabnrg Coal A Iron Co. la owned iV. 66. p. io-S)and through
company in May, i»'.i6, control waa aoqalred of Jeffen
ii

Held Coal .v Iron
bonda of theae
1

I

il

$3 076,315 $2,539,680 $2,421,587 $1,883,255
#731,172
$724,049
$710,158
$683,321
259
421
88
476.251
473,726
Rentals
477.698
303,114
640.994
552.365
Bpeelal appro'ns, etc 1.043.7v3
330,425
Dividend on pref
(6) 360.0O0
(6) 36O.IMI0
(4)240,000
Dividend on com..(4»a) 313,000 (4) 240.000 (2) 120,000
•Balance

that

with $3,000,000 stock.

oompanlea m«> tabic above

cieartleld

For
A Mahoning

a Alleifheny A Western,
below,
Interests purchased upward)
,, in Indiana County. Pa a 88-mlle branch to Krnest, Pa., being competed
July. 1903; also 35 mllea aildltional to be used to reach ooal land- near
Vlntondale, Pa., of which 17 miles to Itlack Lick were co
1908. remaining 14 mllea being traokage
\
A 1778,
mlle branch is nl-o under ronetruotlon to other coal lands in In.
dianaCo., Pa., acquired In Dee., 1904, b) theaamelnt<

•

In

allied

1VHJ1

1 J.

Officers.-

Prest., A. O. Yates, Rochester; Vloe-Prest., Adrian Iselln
Dinkey, Rochester; 8eo., J. n. Hocatt, N. V.
in.—J. Kennedy Tod, A. (J. Yiite-, A. Uelin, Jr., \V. 11. I'eckhnra, H. I.
Baroer, Walter ii. Oikman, 0. oi). Isehn, J. M. Hocart, a. Rlohard, W. Kmlen
ult. Krne-t Inelin, Oncer Orisch, John I. Itiker.
N. Y. Ottloe. 36 Wall St.
V. 77. p. 145, M49, 317. 353,950.
Itullalo A SiiM<iiieliainia It It .— Srr .H ap. )— Owns a line extendlng from Binnemahonlng, Pa., to Weii-viiie, N. Y., with several
Si inch lines.
Total nilleakre, 172. The c iinpany is extending \t* III es
.'>> mllea, fiom UinnemahonluK aouthwest to ij ler, DuBots and
Sykeaville. Pa., where recently as quired coal propertlea ate looated, and In
1903, the Du Bols buuthwestern RK. was Incorporated with
Bept
$500,000 authorized stock to build from Sykesvllle to 8outh Bend, 50
milts. V. 77. p. 768.
iru.i F.\ri nsion. -An extension Is also being constructed from
Wellavllie to Buffalo, 84 miles, under charter of the Buffalo A So
lianna Kailieay. See the Ry. Co. below and V.76, p. 593; V.74, p. 1037;
65, 922.
P. 76,

Jr.. N. Y.; Treas., J. F.

.

(

'

.

.

m

i

vLO&SDSQtiii w> \ 'oal A CoKKCo.-This com pan v, the entire
ntock of which la owned by the B. A 8. RK.. owns coal Ian
Tyler, DnBola, SykeavlUe, Trout* lire and Big Ban, Pa
rii--e lands
.mated to be underlaid with upwards of ."in.ooo.OOO t»ms
and are free from liens except a mortgage of $2
which la pledged
irity for the raliroauV 1 p. c. bonds
The Ty.er and DuKois propertlea are In
.tlon.
Hr.MK- Common stocg. all owned bv B. A 8. By., 83.518.000; par of
In 1902 $4,000,000 1 p. c. non-oum. pref. stock waa
authon/ed. of which $3,000,000 was sold. V. 71. p. 1087: V. 75,
(

,
.

•

Dividknds.— On common. 4 p. c. f >r 1>!9
(J-J.; on preferred,

1903, lnolnatTa, paid

k.

mmon

tures,

and

m

at >ck wis authorized
(To
to 89.000,000; of the aen
iki.ooo waa
1902. in exohange for #1.000.000 convertible deben
of the balan"e stockholders aubscrlbed to #1,300,000 at par

Oi

1.

and 5

I

1

p. c.

p.c. for 199.")

;

quarterly Mar. since

issue.

'

-.—The 5 per eaati of l'.»13h*vebeen rednced hv the operation
fund and by refunding into 4* of I9.'il to $346,000.
all at par for sinking fund in order of numbers,

Of the sinking

.

from 86.000.u00

sr.$90,704 ar.$205,305 sr.»325,974

ion to this mi n>l 11 there was reoaivad from la vestments and "rredUr to protll and loss uc<'uunl" tiJOX'.ooO in lwui:-ii3 and lluO.OOO Id

a<l<! it

se<<iin'

Issued Julv

sur.$157,845

1

W

PlttH.

ToUl receipts
Interest on bonds
Int. on floating debt

beginning with highest.

The

V.

6">. p, 9

ed by a

,

first

^ageon

refun

the entire pr

•

).,t

mi

Inous coal

Of the bonds n t ex
».000, includls fiet aside for refunding purposes, can be
he 172
i'\ler.
of road, and the coal |Further amounts may
-

.

"r, Pa.

-

'• per riiile for the construction or
acquisition of additional road; also for new termln»le, c ntrol of coal properties and for new equipment.— V. 73, p. 619. Total authorized issue.

L

;

RAILWAY stocks AND BONDS.

1340

[Vol. lxxyit.

GENERAL PLAN
OF THE BUPFAI
'

OF THE

B

BUFFALO & SUSQUEHANNA RY. CO.
AXD OF TBI FCKS.U i'LANT
BUFFALO & SUSQUEHANNA IRON CO

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r

RA.1.K..A1.,.

Oalgary

.

h...

m

J)at<)

,

of

..f

1'ar

Road. Bonds

Value.

—

•

1898

.

Oamden

Ut M

»f

,

.

nii.p.A

<

lenti

5

g.

A.

&

O.

5

g.

J.

A-

t.

A

A-

Parrj Bound, l-l mortgage.

Oku

it

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6

BeeV '>o p
one]
2d M. for $6,000,000 Canad'u money. 1>.>.:
>

L Menil

Vo

(/<m.

Ry.

can

A;

i>i

PI aim

Bran< b, I* 00
Canadian Northern Division
(iiM

<-rt

.in,

& Minnesota

Dl

'

>tOI

'

1902
1900

287

4100

>

i-t-

"liie

Branch

.

,

to transport all

par$ioo.

p.

FA

l.

dollar
i:f.S4;

f,,r

v.

1>ivid«mi)8—

S

Percent.

)

Bonn*.— Of

d-dlar for atock of the

7.->.

(

ulc. R.

I

A

334 44886

'93. '94. '95. "96. '97. '98. '99. '00. '01. '02

3

8lnce
6 See" History"

(Central Trimt Co., Trustee), bonds are
reserved to retire. If deemed I'-M. all prior and divisional bonds. For
mt bonds may be Issued at -rl^.iMiu per mile for single and $7,500 p' r mile for second track, the total author. Issue not beini: limited.
Jfiiinf<i;»wu it st. Louts i>oni'* due June. 1927, numbered from 1,101
to 1.400. for $800 each ($150,000 in all), have been assumed.
•

lr.ir

for

endinp Dee. 81—

1901 w»s

V

In

1

Dividend-*

Miecellanooua
Burplus

$4,848,277

$4,926,933
1,482,761
1 28.101

9,849
'Jtio.'.^l

1,430,821

l.).')77

(8)440,000

(4)2

....

$717.-23
'.587
$404,651
— (V. 75, p. 28. 288, 1I4$| V. 7$, p. L149, 1191.)
ItHtie » ii«< ..i.da A Pa« ill. It) — See Burp, for Jan, 1903.
Calvary A I'.dmoittoii Ky.— See page 14110.
< aliioriiiit
\.,riiiu,»i,rii K > .— )p. .it.-, under lease the Ban
Pranolseo a North Pmolfle Ry., extending from Port Tlburon, Cal.
(whenoe ferry to mid Pranolsoo. 6 miles), to Uklah, OaL. 106 miles, and
branches. 59 miles. Also, In Sept., L900, besran to build an extension
«o miles into the 1. dwood forests of Mendocino and Humboldt countlea Cal of which Uklah to north of Willi ts, :s0 In. are In operation,
and 10 miles additional w, re oomp eted in Oct 1H03
OOO.UUO; lasaed, $1,5< ti.u mi. par. $100. Bonds are issuable
,000 per mile, being guaranteed by Ban 1 mi ;*co a North Pacitio,
leased for net profits for jo years from >•
Pre.*., a. w.
Foster: V.-Pres., Oeo. A. Newhall
Sec. and Oomp., rhos. Mellereh.
-(V.67.p. 370. 688,788; V. 73, p. 444; V. 76, p. 7M.1142.)
1

1

,

;

77,

1.

,

Ironi t
Burlington, X. .)., to

am den,

N. J.,

Mount Holly,

•

1

1

1

1 1

I

60.123

$791,150

(

.

.

(8)440.000

l-*.0»5

\

•

$4,545,643

$i,5i.i,t»23

(6)427,239

(

It.— Own-

It

,

1949; none since,
l~'."<
1899.
1.171
1,136

p,

1900.
1,987

L901

Miles oper Dec.31
Oross earnings
$5,3ri0.607
NetearnitiKS
1.
Other receipts
102.714
Total net Inoome
7
Interest on debt
$792,200

74.

14,177.

.fl

rl In- toii < 011 ill)
J., _':; miles; branch,

1 1 11

.

the 5#of ls-<4

Report.- Rayon

A

<

Pat

88.

p.

11

r

I

,

mo.

r

I

Total operated Jan. 1, 1909
i.aftS
; Inland .v Paelfle Ry., which owned over
$5,000,000 of the $7,i9i,7 in atook, leased the road for 999
June
1902, on a basis of iued charges and ti p>-r cent "ii" the m at k.
In Jan
the minority atock, except *189,700 hiid been ex
l

Hoover's Mill

1

<

'it. I Western RK
73
Cedar Rapids, l.
N. \V..
Holland, la., to Watertown,
8o. Dak., Ac
511
c.d. Bap, a ciinton nn ac. 109
Trackage (01 r
M.ABLP.) 45
1

to

Canada Atlantic Ity.— Mr« .If'i/j Great Sorthrrn BadfOOd of
Oanaita.)— Owns Depot Harbor, Ont., on Qeorglan Bay, via ittawa, to
line. 400 miles; trackage to Bwan ton. Vt., etc.. 1<> m.;
leases for 99 years from the Central Count lea Ky branob fro
Kobertson to Ilawkesbury, 91 miles, and branch. South Indian to
Rook land, 17 miles, and from Pembroke A Southern Ky. branch from
Pembroke to Oolden Lake. 21 miles, at 25 percent of Does earnings;
total, 4t>8 miles. The company runs through trains to Mo
the (irand Trunk Ry. from Cotcau. Montreal, -<7 miles, under a traffic
contract. In Aug., 1899, absorbed Ottawa Arnprior A l'arrv Sound.
The Canada Atlantic Transit Company, organised In L899 with
fi.OOO.OOO stock, operates a fleet of steamers from Parry Bound to
Dulnth. Milwaukee and Chicago, 7. 69, p. 954, The Croat Northern
Ry, of Canada, together trltb the Canada Atlantic, forms a short
through route for ocean-bound frelirbt from Parry Sound to the deep
water docks at Quebec.— V. 70, p. 279
Stock. $6,200,000 common and $1,000,000 preferred, all Issued. *M
w:\in, ,s
In 1909-8, gross, $1,909,09$) net above taxes and rentals, $691,090; net earnings of ateamahlpa, eto.. $9,450; net revenue
for lutereet, eto...$" 00,540.— (V. 74, p. 935. 9-6, 119 J.)
Canada mieMigan A Clil«a«o.— Bonds worthless. V. 63, p. 838,
(hiiikIu Southern Ky,- (See Map Sew York Central <t Hudson R.
Railroad.)— Ku.u>— Main line from Suspension Bridice station, lnoludink the Cantilever Bridge to Windsor. Ont,, 220 miles; branches to
Courtright,Ont.,etc, 231 miles; total, 457 miles, of which 100 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Ont.. 15 miles. Double track. 135 miles.
organization, Contracts, Etc.— The Company was chartered In
Canada February 28, 1868. and debt readjusted in 1878. In Nov., 1882,
a oloae oontract was made with the Mlohigan Vntral for 21 years from
Jan. 1,1888, The stockholders voted on June 3, 1903, to make a new
lease to tbe Mleh. Cent, for 999 yean, the latter guaranteeing divide nd- on the stock at 2i._> p. c. yearly to 1910 thereafter :; p 0,
authorize a moitgitKc to retire the x l: bonds at matunty and proNile for Improvements. V. 76, p. 1191,1247; v. 77, p. 950.
4
Dividends,— 1888 '89 *90 '91 "92 '93 '94 '95 '96 '97-01 '02 1903
>'"•; IHH7
2>«% 2^ 3H) 2»* 3
3
3
2
2»a 2>« 2y'rly. 2»a
\sm U, Kt inKT.— Prel. report for 1902 was In V. 75. p. 1398; Canada
80. share of earnings. $310.1(57; other Income. $1,243: divt lends (2%),
OO; bal surplus for year. $10. Ihi.
In 1901 Canada So. share.
>8. Totai sur. Jan. 1. 1903. $29,996.— (V 76, p. 1247; V.7 7,p950.)
i MiiHdlan Northern Ky. — Port
Arthur. Ontario. on Lake Superior
westerly and northwesterly via Winnipeg. Manitoba, to Krwood. near
wan River, 812 miles, of winch Winnipeg to Beaver,
7.- miles, N le is-d frorutne Northern Pacific aioiiL.- with lines
referred t,>
below; Port Arthur south to (iunllint, 86 miles; brai
from
Northern Pacific (Wlnnlpec to Pe
Ina, 69 m.; Mom- ;,, Krandon, 145
in.: Belmont to Sartney, :>i m,; Porl
rte to Delta, 16
mile-; other branches not lea-.-il.7l m..
L902, 1.250 miles.

A Norlliern It).—Operates:
Leased— All itoek owned—

14

1.--011 J,t

Vermont State

I

Northwood

Pai

Jet.,

to Petnberton. N.

.

Jo. to

<

u

7 miles; total, 30 miles. Operated by the Pennsylvania KK., which
guarantees 6 per cent on ^tock. Stock, $3£
Dividends
in January and July.
In 1902, gross, $298,212; net. $52 t 890: pro tit to
lessee under rental, $15,475. In L901,groaa, $287,i<60.— (V. 64, p. 373.)

.

Manly

Ky.—8eeS.1i 1111
Cambria A Clearfield It K.—

n in d.

i

l

.

u able.

'•.

In year 1901, gross, $488,708, net,

ire.t by a tir^t lien on terminal property at Buffalo an
the 84
miles under construction in New York state; also by deposit with the
i-t Oo, of the entire common atook of the B.a>8 Railroad
Mirntioiicd oontraot with the
Oompai
B. 4 S. iron Co. (V. 7i.p. loin
Bat 9 70, p ft'.u
fV. 77, p. 87, 768.)
^sBsxHiMSTsetau** Bee Oaioaao Bqbubotoi a <^ an n KB

310

i

i

1

1

old «*** (autnorlsed Issue, i$6X>00^>00i
underwritten by a syndl at. in iv,, i903,»

|

g.
k.

1

•

I

4
5

m.;

'27

.

H

London. I

50 miles; Bellwood to Horatio. t>.' m.; Creaaon to Irvona,
Bbenebnrg to
Ultown, in m.; \'hii i<> Oramplon, '«i m.;
branohea, 16 miles; total, 889 m. a eonaolldatlon Aim. 1. 1908, with
Penn A Northwestern, MUlersburs RR., Creaaon A Irvona, Ebenst' e
burg & Black Lick and Tyrone a Clearfield. V. 77, p, 35. Stock,
$4,536,ooo, owned by the I'eiinKyivaiiia'KK Co.. whlohoperatea the road
A roll aii-tract of the mortgage seourlng 5s of 1891 was In V 52, p. 976.
Of these bond-. $684,000 u. r
Jan I, L903, owned by the Penn.
kh. There are also outstanding $10,000 Ebensburg A hi Llek 1st ia,
due Apr L, 1980
In year 1902, 10$ miles gross, $623,198; net ^111,180; interest ami ia\.-M. +>-3.>.i!'. extraordinary expenaes, I57.S4L.

i

I

11 Joint i, -leased)
296
Branch,'., own,-, l t,, l'o«tvllle,

Jane 80, li :u>
Jane 30. 1930

Djo London and Toronto.

& D.jo
A A.
M. & N.

J
F.

l'.tao

^

I

.fr.ii7.200;

4

California Fac-lllc

93.)
lie Buffalo A- Buaquebani a
v uttlllated corporation,
con
l«i-r. Otlnj i>0
trnct of land adjoining the terminal property of the B.
two
itr.l
7.,. |.
922.) The rail

company

4*a g J. A

<fe

I

•

I

atesnasdiai/l
Burlington, la., to Krlu. Minn.

4

LOO
J2100
JJKMt

i

Riverside, Holland, etc

I.

1880

269

i

Kiirliii^lon Cedar Itapldn

I,

NHt.Tr.('o.,Tor.or I. on. Peb. i, 1^19
N.Y.C.Bk.of Coin or Tor v...
84,5()i '.'»
,n Bl a Lou <>. t. 1, '03. 2»«
8ee text. A. *
H x\,59
London, Co. *e olhee.
Oct. 1, '03, 2%
32,500,000
4
A. A <>
Various
973.333
6
Nov. 1. 191
Montreal.

t

wnloh $5,000,000 were

Feb.
Oft.

1380,148

I

of

<

4
4

12,000,000

i

ear

A

l,

100

I

>

t^—Authorised, $10,000,009 laned,

A

A

l

$ 1,000

,

•

A.

Feb

1902

I

>

M.
g-

Aug. 1/03, IS
:,
1908
Men. 1, 1913
I'.-t.
l.
1040
Aug 1, 1926
Nov.

Jl-IOO.OOO

but additional amounts at $15,000 per mile may be 1baued for double tracking mileage already covered i>y the mortgage.—
A sinking fund of 8 oentB per ton of ooal mined la
for, to be Ini eated in the booda if purchasable at not exceedf.io\ ded
ng 1 10 i>. e.i otherwise lu saOugsbank securities.
Gross, $i:,7,2i.">; n.'t, $41,614
1008
2 months,
Groas,
L4S,04\5; net,
53,262
(1909
July l to Aug ai.
Ki-i-.'Ki
Repon for year ending June 30, 1902, was glv.ii .it
In 1902 8 Oroes,
lltorlal, j>. S77.)
b-ngth In V. 7.">. p. !»o-J, 922, (Se
$1,000,789 i"-i lover taxea),$A32, 59; other Inoome. 9101,878; total Del
,904; dividend on common
1,332; lutereel anil rentals, -r-l
In 1901-02, groat,
dlv. on oref. $71,500; h
1.028.
(V. 76, p. 598; V 77. p 849,998, S 4 6,848.)
itoiiuio a so><|' ciiaiiiia it>. HMonder oonatraotlon a line
(rom Wellevllle to Buffalo, N.Y.. 84 mllea, aa an extension of the BufBuaquehaniia bailroad (whloh tee above). Upon oompletlon
of tiii« line tin- B. A. B. RR, w in be leaaed toi 899 j eara for Interest oo
iini a guaranteed dividend of 4 p, o. yearly oo the
r
atook.
The B. At 8 Ry. Co. baa aoo.ulred the entire common atook of the H.
0o„ and it will than ooutroL, upon the o >mpletlon of it« line,
a railroad extending from Buffalo, N. Y., to s> kr*\ ill*-, I'h., which with
rai branohea a ill bai e a total mileage of abuui .cj."> mile
Buffalo A Busguel anna oal A Coke Co. (V. 75, j). 899,) will also be

I

::::::::

Station.
J. N. v., DnJonTrusl Oo.
8. N. V., Union Tru-t
'«.
O. Montreal, Bk. of Mont.

4

*l.l-

(.000,

'

::::::::::

4

jeli",

—

has a oontraoi with the iron
the coal and coke that the latter ti ,pili

F.
J.

*44.-imi

I

I

Phtla.,HroadSt.8tafn. Julv.1903.3%
A.
1927
do
1.
N. Y.Hk.M, mt. ,.v Mont. Jan. 5. 1909
J.

6287,000
•34

1

1

LOO

617

no

V. 76, p.

:>

5
4
4
4

£•20"..

.'i

.

A
A
:::::

Bee text.

,.iii,ii

130,000

per mile....

.

<!o

J.
K.

.1

,000

..<

I

p. m..

<

i

6

14,000,000

1895

16

Dlv. 1-' M. .1. «h £72.000 are
etual consnl. debenture stock ...
iv. To. p 188,
nd (rrant M red.
Imperial Rolling Stooi <• lal M., part .lueyearly
i'<ir</ir
BtOOk (Bee text)
Canadian
itook limited to i p, < Don oumulatlve
ntral RR 2d morteace iim»
In

.

1S7«
1,000
1883 1,000*0
l.OOO

404

,1,,

ilo

Wort!

18.000 per mile
mile

$6,<

.

$8,000

,

.

..

-xkj.OOO

1O0

pi I

I

1,
1,
2.

J.

I

•104

98

i

1928
1941
1905
1913
1927
1930
1912

,lo

ia

4 g.
1

1,000

Clalrlsl M.. gold, go

Bl

1,
1,

i

3.4"

l.OOO

459

i

a

..,,

Apr.

Jan.
Jan.
Jan.

York.

J.

381,925

•-t;i

BeeV. 68, p

1-tinort.

A.

1

1.0IKI

1897
1889

18

i

New

Jan.

<*

Br
do

do

38

JficA.

Canada

1,000

30

PC

1.00O.OO0
I .ooo
1,000,000

25

<••'

At

'•

Han Fran.

do

1890

p. ct

.

dividend.

J. Phlla..

M

C<

ii

Oanatta

Stock, 6
N.J Bl •

Un

t.i.\

Canada ill
ls1
Ottawa Arnpnor

Whom.

1.279.000

AUarti

Ouimlntif Burlington County

When Due.
Where Parable, and by Stocks— Last

.

$ 748,000

30
46

GuP.C

Pa. A N.W gen M .$2.500.000
Tyrone ft Clear, litll

Pa

1

enncj-

«.k hivii.

$1,000

103

<£

Cent.

I.:

1.0O0
1.000

60

..imm). L'ii. p 41.1 s.f.
1Hki;n Pai IFN KK.
'i
Clearfield
M. ($2,000,00
< P
Cambria
Lei
«.ui
Bell's Gap lHt D
«.u P.<
M a. r. not dra
OoneoL
mearfield 4 Jefferson 1st mortgage <;ni'

California Pa

./

ending

Bee I'imiiii. Pai

EdiiKiiiion
\Ht M
Oal. Northir.
<£

1

RAILWAY STOCKS AND BONDS.
IN ll.KI.-l
_;_
MU|
A mount

Oct., L903.

Por explanation of column
on first pa.

-

I

wuiiam Mackenzie of Toronto. Senator George A.
Cox and the Canadian Hank of Commerce are floating the hm
rue 1. re..t Northern Ry. of Canada tsee that Oo.l and att1ilat.il lines.
passed lu April, 1»oj. under control of (ireat N'orth-rn
o.. and with the Canadian Nor
seeuiltlehern will afford a through
line to Quebec ai.d Montreal,
v. 7t;. p. 704.
Manitoba Unas Of the Northern Pacific Ry., 354 miles, are
sublet from the Provincial Government foi
l

1

30. 1901. at *2 10.000 annually for Ilrst 10
--.25.000
for 10 \ ears, then $275,000 for 10 years, and thi
K), with
the ontlon of purchase at anytime for $7,000,000. A line from BpnapM
to Duluth. to insure a winter rail route for wheal 1iti noted.
ion also proposed to the Paelfle Coast
V. 74, p. 477, but see
The Manitoba Government 1- the option to purchase
the entire property in 1929 and guarantees certain of the bonds. Bee
below and V. 72, p. 437; V 73. p. 615.
Lvsi. i, k int.— 01 the entire land grant. 2.455.466 acres, abont 363.000. It is understood, are held for account of Manitoba Government in
connection with guaranties, 533,000 for account of Dominion Gov•

—

RAILWAY STOCKS AM) BONDS.

1342

[Vol. lxxvu.

i
INTEREST OR DIVIDENDS.
RAILROADS.
*°r*^r "P cl
„
.,„
Miles Date Size, or
pal, When Due.
Amount
Par
of
of
For explanation of column headings, Ac, see notes
nntLtan^iTKr Rate P er When Where Payable, and by Stocks— Laat
OUtStanOlng r t
Pavahle
VlTinm
nirHrtonrf
Payable
Cent.
Whom.
on first jiage of tables.
Road. Bonds Value.
Dividend.
1>

-

.

1

Canadian Pacific— (Concluded) —

1'rov. due on Q. M. O. A O. and X. 8. RR.
370 '82-'83
1885
3,221
Can. Pacitlc, 1st mortgage debenture sterling
c\tr
183 1888
1st mort. on Algotna Branch, gold
1888
Land grant bonds, int. gu. by Can. Gov't.. .o'Jtr
Consolidated perpetual debenture stock
1889

$7,000,000

Quebec

Securities of Principal Leased, ktc, Li
Manitoba B. W. JoL K'y $12,000 p. m., Int. guar, g

218
350
58

<

Atlantic
8t.

iv.

North west— 1st mort. gold, guar..c\tr

Lawrence* Ottawa— 1st

mort., cold, see

t«*xt

Ontario «fe Quebec stock guaranteed in perpetuity
Ont. AQue. deben., Interest guar. In perpetuity..
Toronto Grey & Bruce. 1st M.,gol<l. Int. as rente!
New Brunswick Ry.lst M ..cold, lnt.from rental. o"
Perpetual oonsol. debent. stock. Int. guar

671
191
174

A- Kdmonton deb.
tock, int. as rental
Ottawa Northern .v iS'e-tern See text

Minn.

st. P.

&

Marie—See statement

8. 8te.

of

that

1st consol. mort., $2,215,000, gold.PeP
Gatskiit Mountain— First mortgage
1st Income bonds
Cayuga dt 8usq.— 8tock. 9 p. c. rental D. L. A
Cedar jiu/mis Iowa Full* tf Northwestern See

Bdr

I

in<;

I

189J
1898
....

1898
L885
1885

ON Ol

return to the railroad of $3 per acre. V. 70,
p. 183, 549.
Stock.—June 30, 1902, authorized $24,750,000;

p.

See V. 75,

1083.

all paid up.
divisions there have been
Issued tirst mortgage bonds, guaranteed principal and Interest by the
Government of Manitoba, at $*,000 per mile; also second mortgage
bonds, unguaranticd, $2,000 per niile. See V. 75, p. 1353; V. 71. p. 235.
In Julv, 1903, ttie Canadian Goveri ment was proposing to guarai tee
50-year bonds at $13,000 per ml e. with interest at 3 per cent yearly,
for the construction of the Gilbert Plains branch, to extend from
Dauphin on the Saskatchewan division to Edmonton, and the extension of the Saskatchewan division to Prince Albert; total, 924 miles.
V. 76, p. 1299, 1217; V. 77. p -7
(see V. 72, p. 338, 437.) were mostly
The Ontario Division
in 1902 exchanged for an equal amount or 4s, guaranteed, principal
and interest, by the Government of Manitoba V. 74, p. 882; V. 75,
p. 139S; V. 71, p. 2J5. Total bonded debt in Dec, 1902, £2,405.635,
exoluslve of Rolling Stock Co 's bonds. In 1903 $2,000,000 perpetual
consolidated debenture stock was Issued to acquire securities of controlled properties. V. 76, p. 1247; V 77, p 87. In March, 1903, the
I'rovliicc of Manitoba agreed to guarantee $10,000 bonds per mile on
about 300 miles of brauoh line- to be constructed. V. 76, p. 751.
As to Imperial Kolling stook 5s of 1902. see V. 75, p. 1353.
Earnings.— For 2% mop. ending Sept. 21, 1903, gross, $692,100
acalnsl 8380.600 in 1902. For year ending June 30. 1903, gross
'.600; ntt, $860,300; charges, 8637,400; but., $222,900 V. 75,

Bonds.— On Winnipeg and Saskatchewan

4^

p. 1353
President, William Mackenzie; Sec and Treas., J. M. Smith, Toronto,
Canada.-(V. 76, p. 1083, 1247, 1299; V. 77, p. 87, 694.

Canadian

Hy.— Road—Own

a trans-continental railway
Ooean, made up as follows July 1, 1903.
2,905 Under construction July 1,
1903
2,068
364
2,683 Operated aoct. of owners
873
Also controlled but op. sep.
92
Used Jointly
llMinn. St. P. A Sault Ste. M.1,469
TIDuluth South 8. A Atlantio 565
7,748
Total in trafflo returns
U See each co's statement.
History, etc.— incorporated Feb. 18, 1881, under charter from Doreceiving $25,000,000 in cash as a subsidy, also
minion of Canada,
25,000,000 acres of land, all to be tit for settlement. The Ontario
A Quebec. Montreal to Toronto Junction, 334 miles, was leased In 1883
for 999 years, and Its stock and bonds guaranteed. In 1902 leased for
999 years the Ottawa Northern A Western Ry.. extending from Ottawa
via the Iuterpro\ Inoial Bridge to Hull and (iracetleld, Que., and from
Hull via A 5 lmer to Walthaiii, Que., a total of 151 miles, and under conBtrnotlon from Hraoetteld to Manlwakl, 23 miles. V.73, p. 1161; V. 74,
988; V. 75. p. 732. In Feb., li>03. 15 steamships for transAtlantic terries were purchased for £1,4 17,' 00, and In June, 1903. acquired Canadian 1'ac. Navigation Co.,oi>erHtlng 14 steamers, chielly to
AlaBka and Vancouver Island points. V. 76, p. 435, 479, 1354.
stock.— The company bought of the Dominion Government an annn"
lty of 3 p. c per annum on tin- common stook for the ten years 18841893, the last pa\ ment having been made in August, 1893. The issue
of preferred stock must never exceed one half the common stock. In
1902 the authorized common stock was increased from $65,000,000 to
$"5,000,000, 819(500,000 Of the new stock being sold to the stockPacific-

from Montreal to the Paofno
Montreal to Vancouver
Branches and auxiliaries
Leased lines

,

V. 74, p. 267, 378, b29; V. 78, p. 553, 665. In April,
ked to issue i p. o, consolidated stock in place
v. 76, p. 809.
tins teooritlea la treasury,
/•'") •OS. '94. '95 '96. '97. '98. '99. '00. '01. '02.
:>5.
1903.
DlTXDBNM

holders at par.
1908, per ml
<if

branob

Common

p. 0, /

Preferred

p.o.

>

5
Issued In 1894.

5 y'rly

2«« 4»fl 4 5>«
5
5
5*
4 p. ot. yearly (2 A.
O.)
Oct., B p. c. V. 77, p. 348.

2'<j

&

c

In 1908, on common,
mi.— in May,
BORDS, Di 1:1 si itt. BTOOK, GUABARTBBD
1888. the company relinquished Its exclusive right to operate In Maniinternational Bom
mg the Dominion Govtoba line- to the
April,

2i-j p.

1

.

or M
00,000 of land bonds These
on 14,6X0,100 acres of lend The prooeeds of lands
thereby are being deposited with (he Government from time
Iqaidanon of the company's liability; to 'it., 1903,
deposited. V. 77, p, 636, 1221.
000

ernment gnarantee
1

I

List

1

In jui
est of $2<>,oo<»,<H»o

A

Atlantic; SlSO

1

held agalnsl r,ms<,i debentun ttoek In V. 77, p. 037.
I to guarantee the principal and Inter
-ued by the imlutli Bouth shore
per cent-, to he
per cent Interest on consol. bonds of the Minneapolis
-

1

1

and 111 a mortgage
is of the latter, and In 1901 lntereel on 81.25 «, 000 Mineral Range 1
See
per oent bonds, tne last-named being all owned June 30, 1903.
V. 08, p 669,770; V. 73, p.
1

550.

Owns

Dul.

S. H. ,V

1

ic

1

At. consols. $1

:,.

1

07,000.

T« the Atlantic tt Northtoett Railroad, orosslns thi St te of
the Dominion GOTernment grants a subsidy of 8186,000 per year till
1906 and anadian Pacific guarantees the balance of Interest money.
'turn bonds are endorsed with the Canadian Paome'i
81. 1
a rental sofflcdenl to pay 4 per aenl
acceptance'
nterest on bonds, and the bondholders' agreement to accept interest
<

O.

Montreal.

J.
J.
J.
J.

London, Baring B. A Co.
do
do
do
do
London, Comp'ys office.

I

I

July
July
July

6

5

g.
g.

4

5
5

g.
g.

I

J.

5
4

g.
g.
g.
g.
g.

A

J.

A.

4
5

4
5
4

J.
J.

J.
J.
J.
J.

M.
A.

g.

J.

F.
|

J.

A
A
A
A
A
A
A
A
A
A
A

HWK*TE RN.

do

J.

&

J.

5

6
9

1915
1937
1938

1,
1,

1934
1937

15J.A1). Can. Pac office, lxmdon.
See text.
J. A D. Montreal and London. J'ne. 1903, 3%
J. A D. London, Morton, Rose.
Irredeemable.
J. A J.
Toronto and London.
July 26, 2882
F. A A.
London.
Aug. 1, 1934

4

5

4

1,
1,
1,

Irredeemable.

A London June
London, Baring B. A Co. Jan.

D. N. Y., 59 Wall

A

J.

jMar.l, 1904-06

;

(6)

4

2.000,000
1,100,000
1,000
300,000
1,000
135,000
50
See text.
1,000
2,215,000
1 000
50,000
100 Ac.
238,000
30
589,110
DAR RA PIDR A Nort

ernmont as security for a mall contract subsidy, the remaining 1.500,000 to be sold from time to tt">e through a selling agency at a mini-

mum

J.

$425,000

1899 500 Ac
1892
1,000
1892
1,000

34

.

5

J.
g.
g.

750,000
500,000

1,000
1,000

1901
1901

16

W

5

on i>h ny.

103

o"

4

£1,121,700
See text.

1902
o m p a ny.

.*

'

3»sg. J.

£9 r>8.300

Calgaiy

Duluth So. 8hore & Atlantio— See statement of that
Oane Belt— 1st mort., (750,000, red. aft. 5 yrs., g
69
Cape Breton By —lit M., $2,400,000 g.S.
,e*
Carolina Central — Bonds— See SEABOARD Aik Li NB RY
•11
Carolina A'orf/tfm— 1st mort., $500,000 (iuP.
Corson dt Colorado— 1st M.. gold, sink, fd ,t| p.o'Ar 300
Carthage dt ,l<iir.-lst M. $1,000,000 g. gu.,1 n.e'Ar
46
Carthage Water. <f Sac):. //ar. — 1st M. g.,gu.p.<fel.end.
29
Oatatauqua >£ Fogeltcillc— 1st mortgage, g.l'eP.o*
Oatawusa—Pret. stocks, 5% gu. P. A R. Hy. See text.
98

J.

1884 $1,000
2,544,000
1887 * 100 Ac £1,330,000
Ac
£200,000
1876 450
100
2,000,000
JE1
£4,007.381
£100
£719,000
1883
£630,000
£100
1884

£1

A
A
A
A
A
A

4120 A.
5 g. J.

ilOOAc 84,998,638
ElOOAe
;*.*;.">o,ooo
4100&0 13,500.000
£1 Ac 65,794,000

Can. Pacoflice.London.

Irredeemable.

D. Lincoln Tr.Co 8t Louis June
J. July,'02, notpd wli.due July
,

Gu.T.&S. D.Co. Apr.

1,
2,

1921
2001

1929
1941
1981
do
J.
do
July
1931
Philadelphia, Pa.
J.
July
1928
N. Philadelphia Co.'s office Mayl9,'03,2»«
do
do
O.
Apr. 1, 1948
A. Csklll.N.Y.,Tan.NLBk. Aug. 1, 1905
Dlvid'd pd. Sept. 10/97. Aug. 1, 1915
J. New York, 52 Wall St. July, '03, 4>*%
O. Phila.,
J.

July

D. N.Y. Grand Cent.Stat'n

Deo.

1,
1,
1,
1,
1,

at 4 per cent (instead of 6 per cent as formerly), and to refrain
demanding principal (due 1910) during continuance of lease.

from

The New Brunswick Raiiwam consolidated debenture stock has
Interest guaranteed by C. P.; interest on the tirst mortgage bonds,
though not guar. Is nald out of rental under 990 year lease of 1890.
The Calgary t6 Edmonton Ry. debenture stock Is guaranteed interBt

at 4 per cent

under new lease of 1903.

V. 76, p, 435; V. 77, p, 636.

The Ottawa Northern A Western Ry. loan isued in 1902 under
the lease Is for *20,ooo per mile of rosd and »l.ooo,0i>0 for the Interprovinoial Bridge at Hull across the Ottawa River. V. 75, p. 793.
Lands.— Lands unsold June 30, 1903, were 11.489,359 acres of Can-

adian Pacltio grant ami 405,705 acres of Manitoba South Western
grant, ISO, 712 (ireat North West Central grant. 3,59". 937 Briti-h Columbia Southern and 160,431 acres of Columbia and Kootenay grant;
total. 15,841,194 acres.
In addition there will be acquired through
the Columbia A Western Ry. about 2.500,0i0 acres.
Total sales In
1902-03.2.639,617 acres, for *9,t;9\673.
As to laLd grant bonds of 18*8. see V. 75. p. 793, 1353; V. 77. p. 636.
Gkskkal Finances. In 1902 stockholders subscribed to ^19,500,000
new common stock at par, the proceeds being used for equipment and
improvements, together with $3,000,000 appropriated from the surplus
earnings fund. V. 74, p. 378.
In 1902 03, £273,0-t2 pf. stock and £764.350 oonsol. deb. stook were
sold to cover oost of Pacific 00a -t steamships aud binds of companies
whose Interest Is guaranteed Stockholders on Oct. 7, r.MH, authorized the issue of £1.417,500 consol. deb. stock to purchase 15 steamships for Atlantio service and expenditure of $J.500,0i)0 for equipment and improvements; also other disbursements, etc V. 77, p. (!36,
1221.
Earnings.— 2 mos.,
.1903
Gross, $8,073,498; net, $2,752,630
Gross, 6,800,804; net, 2,533,613
July 1 to Aug. 31. J1902
Annual Report.— Fiscal year now ends June 30. Annual meeting is
held at Montreal on the first Wednesday in October. The report for
1902-3 in full was in V. 77, p. 624. 636 See also editorial p. 608.
1901-02.
190203.
1900-01.
7,">63
7,5-8
Miles operated end of year
7,748
Passenger earnings
$11,001,974
$9.35^,522
$8,083,370
Freight
28.502,082
24.199.428
18,983,186
Mail, express and miscell
4,453,313
3.9 44.IQ4
3,788,648
Total earnings
$43,957,374 $37>03,v/&4 $30,855,204
63-97
Perot, of oper. exp. toearn'gs.
6244
6075
$15,83t\846 $14,035,913 812,109,376
Net earnings
95M.827
1.286.812
Interest reoelved
933.425
$17,1 23,6 "»8
$15,04 1,741 $13.012,S01
*7,334.r24
Fixed charges
$7,052,196
$7,305,835
50.000
For steamships
150,000
1 50,000
Dividends on common st'k. (513)4,647,500 (5) 3,250,«»00 (5)3,250,000
Dividends on pref. stook
(4)1.222,506
(4) 1,246.840
( 4)1,300.000
Balance, surplus
...$3.973,y02
$3,063,077
$1,114,460
New Directors, Aug. 1903.— V. 77, p. 348.— (V. 77, p. 950, 1221.)
Caue Belt
Sealy to Matagorda, 93 miles. Branch to Gar"
wood, 9 miles, building. Lincoln Trust Co. of St. Louis is the
mortgage trustee. IStook $100 >0, all outstanding. For month
endlng-Jnly 31, 1903. gross, $1 1,994; op. def., $7,273. YearendingJuno
30, 1903, gross, $207,971; net, $17,227. President, Jonathan Lane,
Houston, Tex.; Sec, I, P. Fell, Offloe, Eagle Lake, Tex.— (V. 73, p.
444, 956.)
('ape Breton By.— In Sept., 1903, road completed for 30
miles east of Port Hawkesbury on the way to Loalsbnrgj Subsidy
$9,600 per mile. Controlled by the Dominion Securities Co. (see V.
73, p. 393; V. 74, p. 986>, which owns '.»;> per cent of the stock. In
Oct., 1902, a reorganization committee, James (;. Cannon. Chairman
(Trust Co. of the Republic, depositary), requested deposits, but no
plan had been arranged to del., ll'O.l. V 75. ]). 732. >tock. $1,000,000, all outstanding; par of shares, 8100; mortgage for $2,400,000
authorised in July, 1901. President. Myron £ Evans, Offloe, No. 22
I
street, N. Y. City. -(V. 74. 0,778,9*6, L088; V. 75, p 28,789.)
Carolina Central
See Seaboard Air Line Ry. Co
Carolina Northern Bit.— Owns from I.umberton, N. C, to Mamiles, completed NOT., 1901. in Dec, 1902, An
rlon, S. C.
1
Mtllterof Philadelphia ami I*. O. McNeely were appo nted receivers.
1

UK.—

KB.—

1

V. 75, 1252. In Dec, 1 >02,
1) were
stock. 8500,000, all outstanding; par of
authorized. V. 76, p. 211
shares, 8 aO For year ending June 30, i9i»2: <•
677. Pres. and Gen. a£gr.. Augustus Mellter. 318 Bourse isidg., Philar
delphia, l'a.-(V. 78, p. 889; v. 7 >. p. LS03) V. 76, p. 811.
Carolina A" Mori li\i eolern It > .— iwtis stund ird-gauge road
miles,
Chester, s. c, to Lenoir, N c,
in May, 1903. extension
el 1 d
N. '., nea' I.euoir, to Blue Kldge Mounv. .is proposed from l'l
tains, ir, ni.
Reorganisation In is;»7of Chester dl Lenoir, foreclosed.
in M.-u, L900, nearlj all stook vras acquired by a syndicate, stock
authorised, 81,000,000 each <>r oommoii and
p, 0. non-oum. pref.,
190
outstanding, Aug
oommon, and *:> 0,000 pref.
ear l-l tOldSs.due July 1, I'JIVi, (S audard l'rili-t
00,000 were used to retire ill underCo. of New York, ti
lying bonds and 61.000,0 o re applicable to extensions, new e<|iil p
ment. etc. Year 1901-1902 (1 10 miles), gross, $167,773; net, f(!7,:i2();
charges, $20, till bal.. «ur., $4 1.2', 9. I'rest.,
A. Barber. 5 Nassau
Y.-V. 70, p. 893,1095; V. 76, p. 541; (V. 77, p. 348.)
Bt,
1

no

(

I

1

.

1

'

..

V

;

Wm

Oct., L9Q3.

RAILWAY STOCKS AND
B<

>NDS
L343

—
I

r

1

2

RAILWAY STOCKS AND BONDS.

.Ml
KAILKUAUS.

IS

Miles Date Size, or
Par
of
of
For explanation of column headings, Ac, see note*
Road. Bonds Value.
on first page of tables.

100 1898
Central Branch — Ct-ui. Br. U. P. 1st M., g.lin...e"
»!<
288 1899
Central Branoh, 1st mort., goat., gnu)
1 '.102
Cent. Ha. J- die t'C — 1st M., $2,0' O.OOO.g., textsc.tr
3\i 1895
Cent. of Georgia Hi/ — 1st M..$7.0O0.OO0.g.l.
Conaol. mortgage, *is,5oo.ooo. gold He....e**r
90S
188
Mnli. Dlv. 1st M.o blumbus to Andalusia) g *.
102 1895
x Nn.lm 1st M.. 1840,000. gold. 'I H« <
77 1901
Ooon. Dlv. 1st M., Brat. to Dover, $6,000 i>
s;»7
Mid. (in. A- At. Dlv. 1st M. ,$9,000 |>. tn.,cur <:c Text.
1896
81
Eatont. Br. 1ft M. not guar, bl
155 1901
Chatt. Dlv. purob. money M $2,400,000. ft S.i
138 1897
Chatt. Some A Ho. 1st M. 9800,000, gold.0 o'
1st prcf., incomes i Interest up to B p. c, .Tip...
1895
If earned,
« s
do
gold.
>
2d do
1895
Tla.
non-cumulative.
do
)
3d do
Bk. coll.tr. h'ds. g ret .it 1 Id
Tent. KK.A
1900-1
Equipment trust notes June 30, 1903
1902
Locomotive A car trusts, parable $31,000 s.-an.c
Guaranteed. tc, teeuriHet.
1890
8
88. Co. 1st mortgage, gold, guar Ce
Ocean
53
Augusta a- Savannah gtoci (no bonded debt)
333
Soutliwestern Railroad itooh (no bonded debt)..
Chattahoochee A (iulf, stock
92 1900
1st M., g., 83.000,000, int. rental. s.r.red.lO'J *
125 1903
centra Indiana— 1st more, $2,000,000, guar.
x
int* RRCentral Mamaei
Central Stir England- Common stock.
Preferred stock, i per cent
0*
58 1899
1st M.. $1,250,000, call at 105 after 1904
58 1899
Gen'l mort.. 5 p. c. Inoomes, 88,500.000. PP....
c"
12 1890
Dutchess Co. RK„ 1st M.,g .. gtt. (see text Tie.
Central Ohio— See Bai.timoki: a Ohio.
a Balance, 888,847,000 retained as collateral for notes by
1

.

1

I

•

.

<

.

Amount

i

Rate per

Outstanding

Cent

hKKST OK DIVIDENDS.
When Where Payable, and

g.
$2,500,000
J. A D.
3.459,000
P. Az A
8N'ne Apr/03
8 A. At O.
F. A A.
7,000,000
%•
M. A N.
17,200,000
81.0O0.000
J. A J.
8<
840,000
8 J. A J.
402,000
n- J. & D.
413,000
5 out J. A J.
168,000
5 g. J. A D
1,840.000
4 g. J. A D.
343.000
5 g. J. A J.
4.0O0.OO0 8 In 190
Oct. 1
7,000.000 Up to 5g Oct. 1
4.OO0.000 Up to 5g Oct. 1
4,880.000
M m R
4ioA0 M'uthly
Various.
387,000
4»s

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

500
1,000
1,000
1,000
1,000
1,000
1,000

1,000

5g.

1,000,000
1,022,900
5,191,100
273.400
396,000

1,000

100
100
100
1,000

5
5
5
5

J.
J.
J.
.1.

g.

J.

A
A
A
A
A

.1

do

N. Y., Guar T^ust Co.
N. Y., Union Trust Co.
N. Y., Ou.T. Co. orSav.
do
when earned.
do
when earned.

Guaranty

1948
1919
1932
1945
1945
1946
1946
Deo.
1945
Jan. 1, 1947
June 1, 1926
June 1, 1951
July l. 1947
Nov. 1, 1945
Nov. 1, 1945
Nov. 1, 1945
Mav 1, 1937
To Mar., 1908
To Sept., 1910
Feb.

do
do
do
do
do

Y..

pal.When Dee.
Slockt— Last
Dividend.

X. Y., Standard Tr. Co
N. Y. OuarantyTrustCo.

NT.

XXVII.

June

N. Y., Merc. Trust Co.

Do

I.

Bona*— .rrimlby

Whom.

Payable

i

1

Vot.

Tr. Co.

Apr.
Nov.
Nov.
Jan.
Jan.

1,
1,
1,
1,
1,
1,
1,
1,

V.Y., Guaranty Tr. Co July 1, 1920
Savannah, Ga.
July, '03, 2»*%
Savannah and Macon. July, '03, 2»s%
Savannah, Ga
July 1, '03, 2>*
Sav., Ga., Citizens' Bk July 1, 1930

'

FP

|

.

100
100

U.

8.

Car»on A Colorado Ity.— (3-foot gauge.)— From Mound House,

294 miles; branch, 6 miles. In 1900
substantially all the stock and all the bonds were acquired by the
Southern Pacific and toe mad will be broad-gauged and extended
northerly to a connection with the Central Paoitto and southerly to
Molaveonthe Southern Pacific, about 100 miles. V. 70, p. 381, 685;
V. 72, p. 287. For y ear 1901-02 gross, $347,872.

Nevada,

to Keeler,

Cal.,

Cartilage A Adirondack Ity.— (.->e Map W. T. Central.)—Owns
from Carthage to Newton Falls, New York, 46 miles. The entire stook,
{500,000, is owned by the New York Central KR., which in May.
893, leased the property In perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 were for extensions, etc. (V. 57, p. 218.)

A

Carthage Watertowii

Sackeii'H

Harbor Kit.— (See Map

N.Y. Central.)— Owns from Carthage to Sackett's Harbor, N.Y., 29 miles.
Controlled by N. Y. Central, which owns $484,100 of the stock and
guarantees the bonds. Leased to R. W. A O. for 37)fl p. 0. of gross
earnings. Rental In 1902-03, $42,525; in 190102, $44,448; 1900-01,
$39,825. Capital stock $465,845 common and $21,500 preferred.
Catawniqua A Fojrelevllle KB.- Road from Catasauqua, Pa., to
Klttenhouse Gap, Pa,, 29"5 miles. Opened in 1857; in 1890 the Phila
delphia A Reading acquired control through ownershlpof amajority of
the capital stock of $426,900 (par, $25.) Of the stock $254,125 is owned
by Reading Co.. $251,625 being deposited as part security for Read,
For year ending June 30, 1903, gross, $11-, 980;
gen. mort. of is;i7
net, $62, 163; deductions, $9,580; dividends, $29,883; bal., sur., $22,700.

CatauiMia Kit.—Owns from Tamanend, Pa., to Newberry Jo., Pa,
miles, and branches, 5 miles. Re-leased Deo. 1, 1896, for 999 years
to Philadelphia a Heading Railway. Rental, interest on the bonds, 5
p. 0. dividends on the preferred stock, all taxes, and $8,000 for
organization expenses. See also V. 63, p. 969, 1116. Of the preferred
98

stocks in 1903 $2,200,000 was first preferred and $1,000,000 second
preferred and common was $1,159,500; nar $50.— (V.72, p. 1187.)

rainklll mountain Hallway.— Owns narrow-gauge road from
up the Catskill Mountain, to Palenville, N. Y., 16 miles; leases
Cairo KB Oalro Junction to Cairo, N. Y., 4 miles; total, 20 miles.
Stock, $89,000. There are also second income* for $15,600 6 p. 0.
Earnings.— Year ending
First incomes have one vote for each $100.
June 30, lk»03, gross, $51,173; net, $16,481; interest, etc, $11,851.
Cayuga A sn»«niclianiia KK.—Owns from Susquehanna River
Ithaca, N. Y., 34 miles. Leased during length of charter and renewt
als thereof to the Delaware Lackawanna A Western at a rental of
854,600 a year. Corporate existence for 50 years from Jan. 1, 1900.
Central Kranch Ky.—Owns Lenora to Atchison, Kan., 293
miles; Jamestown to Burr Oak. Kan., 33 miles; branches, 62 miles.
The 83,459,000 1st Is of 1899 are guaranStook, $7,545,000.
teed, prln. ami tit., bv the Mo. Pac. (see V. 68. p. 329). Form of guarV. 70, )>. 279. For calendar year 1902. gross, $1,091,792; net,
anty
Catsklll,

.

)

,48;

other receipts. $7,i6l; Interest, $238,360; taxes, $90,443;
8616; baL, del. 850,805.— (V. 78, p. 81.)

BilsotiilanoTtnSi

(en Ira Florida A Oulf OOMI Ky.— Under construction
I

in Oct.,

I'lant City. Pie., southwesterly to Braldentown and SaraFla.. about 70 miles, or which
11 miles to be oompleted
in
1808; projected to Boca Grande, on oasparllla Island,
Hiock authorized. $15 000 per
inllcs; total to be 185 miles.

1902, from
sota,

65

Bonds are Issuable at the same rate. Presmile; par of shares, $100.
ident. Tho- 11 hfc Doiineii. Qulnoy, Mil...; sir. and Trees., Oscar o.
Owen, Tteiiiuiit Bldg., Boston; Gen. Mgr.J. H Dawe. - (V. 75, p. 28
< cntral of Oaorsrla Hallway.— (See. Map).— System includes:
Linen leased— (see these 008.) Miles
jyiru * owned n fee..
Savannah to Atlanta
Southwestern kk.—
m iron to Bufanla
to I'ortcrdale
86
Gordon
144
Port Valley to Perry
12
Columbus to Blnn'ghanvaia. 150
tmenous
62
Port Valley to Oolnmbns...
71
Oolnmbns to
Huilthvllle to Columbia....
SO
Montgomery to Eufaula, Ala.
85
80
Onthbert tO Fort Gaines...
21
Oolnmbns to Greenville, Ga
86 Augusta A Savannah KK.—
Opelika to Roanoke
Milieu to Augusta
60
la to Ozark
53
Grlffln.Gs .toCbat.Tenn, etc 198 Ohattah. a Gull RR.—
17
Oolnmbls in seiiersvllle
CbJokamauga to Durham ...
68
)

>

Savaioiuli to

1

Oolnmbns to Andalusi
Macon Junction to Athens.
1

Bruton to Dover
BarnesvtUe to Thomaston
Total owned (and oper'di
Oroam/hi'iv Organised

.

M

188
102
77

eamshlp Company,
1

|

estimated equivalent of
I

Nov.

1

300
suooeeded to the

properties of the Central BB a Hanking «... of Georgia, foreclosed
Chattanooga Rome A
per plan In V. 80, p. 1008 and V. 61. p. 68
Southern wa- DM |6U J«DM 1, 180L, V. 78, p 874, 781, 887,
$5,000,000 held bv Intareats allied with southern By.
BOWIM The first mortgage of L890 .described m V. 83, p. 1160) IS
%Jlrst Inn on tiie main Unt from Atlanta to Savannah, Including the
Bulledgevlllo branch (312 miles In all), all equipment and apportenmltal stork oi
K) of th
and the equity
hip Co of Savannah. Trustee, Guarant] mist Co. of New York.
No dlv «..s paid mi Ocean Steamship stock In 1902-3. V. 75, p. 439.
Application for Listing firsts and consols, in V. 63, p. 1 160.
I

k—

I

I

Government

;

cent

1919
1949
1940

Co. held $3,88 1.270 additional return ed by Gov't

The consolidated mortgage

(see abstract In V. 61, p. 873, also see

first lien upon 580 miles [inoluding former
is a
A Eufaula KK.. Sav. A Western and Sav. A Atl.J; also on
the leases of the South Western and Augusta A Savannah roads and
the stock of New England A Savannah Steamship Co., and a second
lien upon the main line, its equipment, etc., and also on the Macon
A Northern and Mobile A Girard. It also oovers all leaseholds, securities, etc. It may be increased to $18,500,000, at not more than $500,000 in any one year, for betterments and equipment.
Macon dt Northern Division bonds are also direct obligations of the
Central Ky., with tlrst lien from Macon Jet to Athens, Ga., 102 miles.
Middle Georgia dt Atlantic Division bonds are issued at $9,000 per
mile, of which $8,000 was for purchase of road and $1,000 retained
by Cent of Ga. for betterments; subject to the Eatonton Branoh
bonds, $168,000 on 21 miles, the firsts of 1897 cover the 65 miles of
M. Ga. & At. Division.— (V. 65, p. 823; V. 64, p. 180; V. 65, p. 324.)
The preference income bonds, subject to the prior mortgages, oover
the main line and the former Savannah A Western, Columbus A Rome.
Montgomery A Eufaula, Mobile A Girard, Macon A Northern and
Savannah A Atlantio RRs., and their equipment, etc.; also all
leaseholds, securities and equities of properties acquired by the new
company. They are non-oumulative and bear interest not exoeeding 5
per cent in any one fiscal year, but payable only out of net earnings
as declared and secured by the deed of trust.

V. 63, p. 1160)

Mont.

Dividknds—

1896. 1897. 1898. 1899. 1900. '01. 1902. 1903.
>
lia
2>4
2
2
3*4
1st pref. Incomes. >
5
3
5
Collateral trust mortgage abstract was in V. 45, p. 242.
The Chattanooga Division mortgage is a tirst lien on the former Chattanooga Rome A Southern KR.. Carrollton, Ga., to Chattanooga,
Teiin., 138 miles, and Durham to Ch>ckamauga, Ga 17 miles, with
branches, in all 155 miles, subjeot to $343,000 old 5s, for which a like
amount of bonds Is reserved; $217,000 being also reserved for additional equipment and improvements. V. 72, p. 1134.

On

,

Latest Earns., 2 mos.

Gross, $1.4 '0,662; net, $204,784
1 1903
Gross, ),36o,021; net. 353,995
July 1 to Aug. 31.
S1902
1902-03 In Chroniclb of Oct. 24, 1903.
Anndal Rki'Ort.— Report for
1903.
1902.
Tears end. June 30—
1901.
$7.7n0.69l
Gross earnings
$9,104,470
$6,920,715
Total operating expenses
6,^22,732
5,531,039
4,778,148
J(i9 ,471
209 817
Taxes
213,411
Net earnings from operation.. *2.o71, 92
*1. 950,181
$1,929,156
Prom steamships, etc
192. 13
201,674
187,359
Total
$2,264,334
$2,151,855
$2,116,515
1

DEDUCTIONS FROM INCOME FOR TEAR 1902-3.
Total deduct's from lnc.$2,060,827
Net Income
203,506
Officers.— J. F. Hanson, Chairman Board of Directors. Macon. Ga.;
President, John M. Egan, Savannah. Ga.— (V. 77. p 347, 348, 1224
Central ftlassaftlniBfrtts UK.— See Boston A Maine RR.
Central Indiana ity.— Mm. cle to Brazil, Ind., 137 miles, of
which Brown's Valley to Sand Cre-k. 12 miles, is trackage. Suo-

Interest on funded debt$l,6»4,009
Rentals, etc
376,818

I

|

)

oessor In Mar., 1903, to the Chicago .v Southeastern By., foreclosed
V. 78, D. 853.
Controlled bj the Cleveland CinPeb. 19, 1808.
cinnati Oaloago a- St. Louis and Pennsylvania BR. Interests,
["he
Cleveland Cm. Chic. A Ht. Louis will guarantee the $2,0 '0,000 bonds
to lie issued. (V. 77, p 517.) Stock authorised, $120,000.
President, Josepa Robinson.— (V. 76. p t; >8; v. 77, p. 768.)
i-aiuLmd ity.—owns from Campbell Hail, crossCentral
ing the Hudson River at I'oughkeepsio by its own bridge, to 811\ email-. 58 miles;
and leases and controls llartford A Conn W(
Kit., Hartford to Rhliiecliff, 109 miles; extension from Tariffvflle.
Conn., to Springfield. Mass., 18 miles, operated from Sep 190-'; total,
185 miles; also Dutchess Co. RR., Poughkeepsle to Hopewell June.,
12 miles; trackage, 1 mile. V 72, p. I879j V. 73, p. 337; V. 76. p. 435.
Organization. — Incorporated In January. lS'.V.t. per plan in V. 68
or or l'hll. Head ,v New Kng. KK.
p. 574. and V. 67, p. 789
V US. p -i
In January. 1899, persold In foreclosure Oct. 6. 1898.
sons friendly to Boston a v n> an v aoqufred a large Interesi
v. 6s, p.
Owns $1. 390.0(H) Hartford A Conn. Western stock.
LI, 84.
- 1.
k. -The stock is to lie held In trust for ten years, or until 4 p. o.
Interest Is paid on general mort. for two years.
issuable at once for assessBOBTM. Of the
ments, line to Springfield, etc.. and 8600,00') will be reserved for im-

New

,

>i

Total o per. July 1, 1903... 1.845
Also Meldilui to Lyons, 58 miles,
(leased to Seaboard Air Line By.)

10

1,891
Oct

3,450.000 ) To be h eld in tr'ust for ten years, or un til 4 per
3.150.000 J is pai don gen eral mortgage for two years.
650,000
5 g. F. A AJFid. I.T.A 8.D.C0., Phil. Feb. 1,
Yearly, if earned.
5 g.
Oct. 1.
7,250,000
Feb. 1,
350,000 4>* (6) g. J. A D. Fid. I.T.A 8.D.C0., Phil-! June 1,

1.0O0
1,000
1,000

i

i:

<

merest on DuteheaS OO. KR.
MtNINOH. — 9 months ending Mar. 31:

provements.

9 mo*.— <lross
1903-8.... 8441,553
1901*9
hni)
June 30 Gross.
i

firsts

I

.

Of A. income.

Vel

088
116,857

6,539

reduced to

4^

p. o.

Balance
6115,873 dot $3<.368
116,052 ,sur. 7,443
Charges.

Olh. Income.

Charges.
Balance.
,150 dcf.$ 14,308
10,189
152,688 sur. 5,026
C. W. Ohapln of New Vork. President; J. K.. O. Sherwood,
of N. Y.. Treas, and O. A. Heller, of Phila.. Sec'y.— (V. 76, p. 47, 435.)
..-.35

L90I 09

..

588388

8133, 2R6
.47.588

reinral Ohio It H.—See
Central Ontario lty.-V.

B.

A

if7.:,(i5

O.

RR.

74, p. 1354.

Co.; also V. 70, p. 75.

V. 75, p. 665.

.

Oct.. L903.]

AY STOCKS AND BONDS

IIAll.W

L34.5

Nubscrlbera will confer a great favor by clvlug immediate notice of any error dlarovrrrd In

RAILROADS.

_

'

Miles

_

_.

„
Bis*, or

.
Date

,,

Amount

Par
of
of
For explanation of oolumn headings, Ac, Bee note*
Road. Bonds Value.
on first page of table*.

Central Pacific— Common stock, $67,275,500
Preferred stock,
p o., earn., 930,000,000
1st ref. M., * l(K).(KX),(X)0. %., go., y \ Lea ce.o'Ar 1,349
3»*S, $25,000,000. g., gu.. |i
Notes for U. H. debt.due 92,940

Old
A

Cal.

o.

umiioi

Baci

.v

.

Bzob uiosd.

BM

A, gold iext.1
t, sinking fond..
Cent. BR. oj \ .i
Block ($30,000,000 author)
Convert debenture*. oonTerl into niock till 1907
Omt.BR.ofM J Sen M for $50.000,000. gCe.oir
20.<w>o due
'rlj
Equip. M..Her. A A B.
".'« »0 authorized.
il«>
do
Real estate bond and mortgage*
l

Mt n

rlee

1868

Mortgage gold bondi

1883
1887 50O

All.

$

.

1903

I

Quarantrrd Hand*—
Leh.A Wllkesh Coal con.M., gu.,p..» .ext. In 1900
5sof 1912. sink. fd. not guar. (not drawm VI' c
M, gu redeem. at 1 10
Am. Dork a Imp o

1875

w

38

A I.. Hr gen. M., g. <*i92.ooo 5s> ...
A Hud Bll gen. B | guar. Jointly <
City bond-, guar, (part yearly Dec
tee teit
.

(

1.1MK)

l-o.»l

.

N. Y.

l.ooo
1,000

ism

1,000

1^

I

(

1.000
3,270,000
1,000
1.000 N'ncJuly'OS
179,100

02

I*

12.175.000
2,69 l.ooo
4,987,000
1,745,000 4

,

1

A

g.

..

,

.

,

!

,

,

i

i

do
do

do
do

JlllV

1

1912

To
do

1

do
do
do
do

i

.1

A 8.
A J.
A D
M. A N.
M.

A
A
A

A.

A.

Various dates

1,

1910
1912
1921

1,

1941

1,

1920
1903

1,
1,

.

Phil ,Fld.I.Tr.A8.D.Oo. May 1. 1943
N. Y.. Cuvler, M. AOo. July 1. 1921
tiv lirand Trunk Kv. of Canada.
Bo*., Am. I.. A T. Co.
May 1, 1920

00 held
Q.-F.
J.

do

do
June
Nov.
do
do
July
do
Held.
Nat Exch. Bank. July

N. Y.,

J.
J.

d"

O.

do

Oet

l,

New York
July
R'dT.A - D Od K d.Va Oet.
N. Y., Chase Nat. Bank. Oet.
If aaj Md
Oet

J.

O.

I

July

,

N. Y. Cent. Tr. Oo.
A NavlKatton Co.

i

•

Pb.'OO

.

Q.-M.

1

>

1,

120 Broad i ray.
Jan. l. i;<ls
do
i|n
1939
>rt ,143 LlbertySt
Au^f. 1,03. 2%
N. N. V.. Liberty .n
1U08
N\

J.

tl

.1

.

.

A

Y

1949
1929

1,

O.

Various

4»s
5

5
5

Auk.

do

D.

.

A
A

high Co al

1,
1.
1,

1,
1.

Apr.

1950
1953
1989
1946
1946
1947

.1

i

ntral Paclllc Ity. —(Srr Map of Smtthrm

.

—

Lines otened

Ban

J'acittc.J

idle*.
al., to

Ki

Mile*.

Branches

near

to

San Jose, eto

35

Trackage*—
871
toOoaben. al. I4t> Into (>Kden, eto
11
Junction, Cal., to
Total
296
Or«Kou State Line
1.359
Incorporated iii Utah In July, 1899, a* saooessor of
lllill
the uilroiiit under the plan of remlJiiMt ment In V 88. p. 37S. by which
the Southern I'aclltc .ici|inrcd the entire capital Htoek and iruar
aiitccd the principal and Intern*! Of the two new Central Pacific bond
The old Indebtedness, bioladlng the U B. loan,
i shown above.
exoeptiiiK about $636,000 bonds, in- been disonarged.
mmon mock-, B872375JB00, all held by so. Pao. Co.
l;,\ p.-r cent cuunii.itivc, author'/
(2)
-JO.0O0,OOo, lobe delivered to Southern Pacific Co, In consideration a
l'acltlc Co.
Of equal amount of Boathern
1
per cent collateral
trust gold bonds; of which delivered on completion of readjustto be delivered oiuy to provide add!
Is, If required, for the
payment of .; per cent notes to the
d thereafter only for betterments and additions,
i.iHHi. re-er\ d to be delivered for Improvements and additions
den, rtaii

Lathrop,

Cal..

<

Ko-i'\llle

i

imimm
'

/

i

at

not exoeedlng 82OO.0O0

early,

j

.f:..ot.Ki.

Boiroe—Ftrtt "dunim, i u. fold 4s. $100,000,000. sewued by ail
Is, terminals
ami equipment now owned. Including aboul
track, etc., bj deposit as collateral eourltj
of the old niorttfutte bonds,
of the authorized Issue
is held by the
Tinted St it.« iih collateral for 3 per Cent
308, and V 70, p
f first
ii

lien

.1

red by the 1st ref mortgage, and also by
the Trustees as acquired of all securities and moneys held
ii* fund of the central Pacific KK., consisting July l". 1902.
and by a trust deed
I,
•,-!
by the inortk.;
1 870,
see p. -.M
Prom the pro
..'
ikln* funds and
bondl H 111
in time to time; in February, 1 '."><>. .y2, 505, 000 3>i

i

!

1

.

.

1

.

-

-t.iiidick.-t.

i

-

<

\ 70,

739 V 70,p.

|

mature.

-

i

hen due.
which
ed unsold on June 30, 1902
Sale* In
n

OtaJ land krrant

about 6,745

•

111 "11

July 1,1909

-

alf-vearlj thereafter

refundlii.

-;

194

icd to
1, leas

-

leineutof subsidy debt;
to

1

was

rt

nations.

.;

16,821 acre-

ntracts

prlnatpal,8l,0

-.07.
latlon

•

d from time to time
oui land sab
V. To. p. 279,
In 1900.

of

;•-

the

from the proceeds of the
>f the bonds
being

.f is<>9 | n
slnkliik- fin

beln»r

Reading Ry., which acquired $14,500,000 of the stock. V. 72, p.
86, 136,241,391, 721.
Div.— J'91. "92 to '94. '95. '96. '97. '98. '99. '00. '01. .02.
1903.
P. o. (6i* 7 yearly.
4>« 4
5
4
5
5
8 Incl.Au* ,6
5»s

Bonds.— For general mort. abstract see V. 45, p. 402. Jersey City
bonds (V.68. p. 12s> will be taken up by c. RR of N. J.
The L. AW. Coal mortgage is for #15,0O0,00O; the bonds, formerly
7s., of Which $12,175.0(10 have been -sued, were in 1900 extended al
4 1* p. c. anil guaranteed, prlu. and Int.
See guaranty. V. 71. )
Jointly and severally with the Lehigh Coal A Nav. Co guarantees $1,062,000 I.eh.A Hud. Rlv. Ky.li.ii. ..-. prln. and int. See V. 67, p. 788.
Earnings- 2 mos., ) 1903
Cross, *;t.-<; .i.'--i7. net, $1,7*8,423
July 1 to Aug. 31.
756,467
(1909
Grose,
8,471/988; net,
ANNUAL IMPOST. -Fiscal year ciianged to end June 30. Annual
meeting held on the Frida\ following the third Monday in September.
Or the loniiage In 1900,
onslsted of anthracite coal and 10,004. 193 of general freight, agalnsl 6,788,912 anthracite and only 5,784,510 general freight in lsic. The report for 190203 was ln V. 77, p. 784, 787. See also editorial, p. 737.
— lean enatii J un- :;u- — Oat. year—
I

<

(

.

1902.
$5.9

1903.

Merchandise

$6,8-8.077

1901.
1,417

1

Coal

7,980.817

5,71
»;,5i7
2 a

.

Express and in
Miscellaneous

ill

gross earns, ra'l

i'..tai

f

i

$14,740,237

88,8
1,507,794

Total net income
Interest on debt
Rentals paid

$7,4<;

965. 929

1.903.125

2,717, D-6

$2,743,408

1.,

$9,843,308
2.4MS.148
415,887

nda, etc

19,746

!H 807

85.203
lines 810.857,156

Net earnings
Other income

Taxes
Renewal

2.8M.747
•1

1

405

B

40,000
840,
Q
(8) 2.1 3.264(7 k)1.985,X48(5 »4)l, 5701516
4

Dividends
Balance, surplus
— Dlrei-tors.May. 1901, V. 72,

def. > ,468 sur.+t)74.47i
V .7 I p. 1353; V.77, p. 7 61, 7 7.1.)
p. 987|
ciilrjtl
ot I'ennnylvaiilH.—Owns Bellefonte dVnn. RR.)
to Mill Hall, Pa. (on Beech Creek RR.) 27 miles; branch, 5 miles;
operates Nitlain Val. RR., 7 miles. Current liabilities June 30. 1902,
114,874. For year 1901-2, g
919; net, $29,372; oharges,
I

KK.

<

J52,964;

detioit,

$23,293.

Stock, $1,200,000; par, $50.

enirnl ItK. «»r Soutli Carolina.— Owns from Lane, 8. C, to
Sumter, > 0., 42 miles. Leased to the Atlantlo Ooast Line BR.; rental
<

$31,000 yearly, stock. $170,000, par 880. In vear 1897-98, gross,
$95,286; net over taxes, $36,019— (V. 64, p. 887.)
Cent ml Ky. of New Bru un kvlrk .—See 8ufp. for July, 1903.
(en nil Vermont Ky.—Operates from Rouse's Point, at north end
lhamplaln. t«. New London, Conn., with branches 531 miles ln
all of which 21s miles leased, via.! New London A Northern (see that
CO.), 157 m
Montvllle Br.. 3; Montreal A- Province I. In.
i

1

early

1

;

July 1 to May 31
1901
For 8 mos. odlng De
31. 1902.

n<

p.

I

I" 1901 09,
191.11 1;
0O0.970; Int t.«\es, sinking funds.
,720
In 1900 01. ci.
(V.Tl.p 98S
^

Income

i^ jjaj l. 1-99, ner amended plan ln V. 67,
Vermont Railroad, foreclose 1. V. 68, p. 1076.
Securities. Etc.— The Grand Trunk Ry. holds 99.186,100 of
k, and umler a traffic contract will make good any
ncy ln earnings to meet Interest on the new firsts up to 30 p. o.
of (irand Trunk gross receipts from traltic Interchanged. Montreal A
Province Line Ry. bonds, see above.— V. 71, p
;r. -For year ending June 30, 1902. In V. 78. ]>. 1198. showed:
ION

(

r

13S

:

other

;

-:

(inlralltlt. ofNeei I'T.ri.- $m Wop

'

!'hila.

<i

Rtatli aa

S,,,.,

735. the Central

'''""»

opposite New York City, westerly To
the neighboring anthracite coal
fields: also southerly to the seashore resortsof New Jersey
el
City,

Net

....$3.636,3s2

Churar*.

Oth. inr.

$6C.i

-

Ofl

-

Bat., tnr.

.

1

Lineeovned

in fee.
Miim.
Clty to PliUlliisbur*.... 72

Bundry branches

R2
"'<

ort

Branch

to Atslon, etc
Other lines „o debti

Ogden Mine RR.

'..

36

^
»

(operVjolntly)

7r,

<;

Cni..,, c.ial

RR

10

....

,^.,
England
Tresckow Branch
i;

lo

1

2
5

t

.

" S T, K
,'

V

w

1

'

,

•

,,

(

v

r
r '"
1 * 4i
Fr "" May. l-s;. to Jan lr 1887
V 'f ;
J".
Philadelphia A Reading. Beoelven were in possession from

leased to
Jan. l.iss,.
,

Us,,

,

,

',

1

'-

1

.

i

till

January. 1--

ls ^ T without fore
,lll
44>
71 l ?1,;
Oonoernlng coal properties, see
^I'TT'Vc. f V
PLehigh A W ikesbarre in 8utp. of Jan., 1903 (p. 159), and l.ehk
A Nav. ln "Miscellaneous." In Jan., 1901, control passed to the
|

-

ln

It

)

.

— -,

.

ati.vmic OOabI Link RR.

— k.m.—Owned

terminal
double track laid with 60 pound
<•«>.

road ln

owned 14 wharves, 30 warehouses, about

Und. 4 cotton compresses,

etc.. on the city's water front.
ted by it- own road with the other railroads
reorganization of the Ka-t Bhore Termloa] Oo.'* Ki; f rnclosed
July 14. 1903; V*. 77, p. 148. 998
Stock, $200,000. own<
Atlantlo Coast Line RR and Southern Ry
Ofl
ry. d lor future purposes.
President, Wm. E Huger; Treas-

A

.

•

urer,

R

«i

Lankfo
ndlng .nine

-

'

<

I

Gbavrlestea Trrmiiud

Traekaa<

'

i

Cliurlcion A Su\ annnli

9
3

'
17
Total operated July 30. 1903.677
See Lehigh Coal A Nav. in "MlSC. Companies."
re r
1 1
of "
Ith the
?'V. l^ r, r HU".'"r" I>llUa
Hl
,h
'}
* Keadiiu-e, crates the "Blue Line," using
.^.
V,
l""
fro
° iu k r r " Washiiitton to Philadelphia, the Reading to
,"
8
Brook and the
Bound tI

V V

.

171

Will

ntownTenn

irt.jMxlt*.

wn

•

I

1.

other lines

lu

,

660,301
10,560
667,762
P
nt. Charles m. Hays;
er* ami Tre
Vt.-(V. 73, p. 1261; V. 78, p. 848, 1 198. 1225..
<Iiarlc-t4.ii Clciidciuilii A Sullnn UK.-<c Ry.

Phll-

Unsburtf to Union Junc./eto.

LehU

A Long Branch RR.,
to Bay Head
th'n KK, Long

Perth Ami.. .>
N''^

Susquehanna,

Lehlirh A<

;o>.

1902. old

were $2.".. -.07; In
8.— (V. 76,p. 1800; V. 77,
(harlot,,!, \ W.ilrrii Carolina lli.-i'
Augusta. Ua., 112
at fore.

m.and Spartan b'g,

,fc

reorganization and consolidation
Augusta and Port Royal
,v

by

and large portion of
December, 1897.

in

lireenvl

V

IV.

Port Royal

"

WW)

Various

1890
1.000 a l.i"
1898
22. 385
S'
600,000
6
1st If., (1,900,000 Fi»
1899 500' Ao.
OmtMM.ofPtnnawh€mUi
c
42 1881
1,000
300,000
6 g.
Central of Smith Carolina— 1st mortgage, gold
10O
3,000,000 $2, 185,1
Vermont Mock. $:;,0OO,0O0
0entr.il
AIL 1899 lOOOAo. 11,000.000
1st M., $ 12.000.00o Kold, tralll;< guar. A H o A r.
2OO.000
4 g.
Montreal ,v PtOI luce LIS* K> 1-t M TO. ]). ,t l.c 406 1900 100 Ao.
1,000
1903
800.00O
4 g.
Charlritnt, Urml- 1st mort 61,000 000, gold
1.0O0
89 1909
Char u,tt' Monroe *t Oolutntna 1*1 M $70,000, g.
70,01
2,72o.OOO
-t M ,g.i$s,0OOp.in.> Ce..c\tr
340 1896
1,000
1.0O0
lion run.
1896
2,380,000
Ineoiiif M
167,000 |ht mllei <. 0"
> :m in. ii i-t M..g..gu..p,A i. end.Ce.
1.000
600.000
1897
6 g.
a II- u--. its
'in eonpon bond* J.vj;
a Guara nteed Jointly with Le
on registered ihhi.i- (J. -J.
b Includes 61.167,000 In treasury une 30, 1003,
Led

J.

A

J.

^ ol
Dae.

Stock*— Laat

Booth's p.,
nv.
South'n Pacific Company.
K. A A. N. V.. 120 ilroadway.

515.000
6 g. J.
12-1. o i) Sg.A6g A
27,415.800 8 In 1902
«
M.

1,000
1,000
100
1.000

•86-'8S

.

^Z'
pal. When

Where Payable, and by

Payable

Cent.

Tabirt.
Bond PT

1

w »eu

P* 1

$67,275. 500 Held by
100 12.noO.0OO Held by
1899 500 Ac. a62, 9 17,000
3 >« g.
1899 500 Ao. 18,009,500
3
32,340995
1899

ei,.l 1'a.c'Ar 1,849
half yearly.

I

13

*

$

....

l

New

R* u

rint«t^i.,iinv
UU,U4UU1U "

tli. ..

OR DIVIDENDS.

INT KRF.BT

Thomas A Rv.m, who sold

its issue of income
V. 66, p. 38, 335.

company,

p.

148.)
.

228m.

Oct. 3, 1896, of ths
•

>.ina.

purchased

tiie entire capital stock
bonds to Atlantlo Coast Line

1310

RAILWAY STOCKS AND BONDS.
Vol. lxxvii.

-

1

Oct.,

RAILWAY STOCKS AND

100:5.

RAILROADS.

IH

>NDS

134
•

-

Date Blxe.or

Miles

K

) I

I

V

1 1

•

i

Amount
\\ Urn
"'
lar
of
for explanation of column heading. Ac, see notes
Outstanding
uu"i*nalI1 K Rate per Payable Where Payable, and
Cent
W'hom.
Road. Bonds Value.
on first page of U
Charlotte Columbia d A ugusta— See Hoi 11 kn Kv
Ohartiers—Stock
1st mortgage, $625,000, gold.
o*
Chat d Lake PtaeUt Bar. * L PL,
2d mortgage, $24,000, <e
\
Ohat'gay Kv.. let M.,>.6
78, p
OhaUahtxrh'r v.ii ./
\ 11
I M., $110,000
Ohatlariooga 6
ItOCh (8750.O00 1- prel
Chesapeake Keach 1st M., 91,000,000, gold « <> 0*
Okmmm»mh»S Ohi* BUMtrai
kLACo.)
1

1

1

1

1

-

$645,300 8

|S0
1901

23
10
10
39

I

I

120 000
24.000

500
1887
19O0

5

1903 A. A O. Co.'s
g.

lb')

g.

A.

M

5

>

M.

6
5

200.000

1,000
L,00

In

3»«

1,000
1,000

1893

10

.

J.

F.

do
V

AN.
A A.
A J. Am.

.

21 Cortla

1918
1918
1907
Ante.
Boston. July 15, 1920

do
do

.t.i

L.

"

1,000

1878

1,000
1,000

1

u,.

100

B*
B"

...

1898

34

75

1881

8

I

Ter'l 1st m.,1999, 001 ering * m t<> Pboebos.g »••
Ce.o'Ar
1st consul, mort for $30,000,000, gold
Rich, .v All Dlv. lsteon.M.,{
..Ce.o*
M.Kicli. Mil. Lyncbb. to Clifton K <«•
on*.
Valley branch 1-1 mortgage, gold

1882

.

252
252

1-:'"

1890
1890

86

.

-..HI

3,7oo

1

2,01

AT. Co..

8

25, »-

m

<

»

.

"

t

par, $100. A full statement as to Augusta Ry.
and Ita bonds was In V. 66, p. 383.
For year ending June 80, 19<>2. gross, $963,760: net,
I
charges. $192,730;
-. $ 13,200;
8958,521; otber
President. J. B. Cleveland, Spartanburg, 8. C;
rarploa $20,773
v. Post, Wilmington. N. 0.—(V. 73, p. 1207.)
< intrioiKIlonroe 8 Oolamela RB.—MoBee. 8, c... on Sea< '<>.

1

I

Mr

to Jefferson, 22 miles; extension to Jefferson. 11 miles,
000. In 1902 tiled above mortOot, 1903
g
eposttOo., as trustee. V. 75,
tne Richmond
p/1030 Por year ending Jan 31,1909 (ii hhUmi, unm, $ 18,859;
(V. 75, p. 1030.)
President £rnes vvuiiams
34.
4'liarilem It > .—< ) w nw f roni ( 'in necle, Pa., to Washington, Pa., 23 m.,
Leased till 1971 to toe Pittsburg Cincinnati 8 8t Louis (now PittH
barn Cincinnati CbloagO .v B1 Loola); the renin! In net earnings,
capital stock, 8646,300 (par 850); Pennsylvania Co, owna $333,850.
Divii.knds- ) "90. '91. '92. '93. '94. '95. '96. '97. '98. '99-'02. 1903.
S9 (p.o.) \ 5^ 7»a 8
10 10 8
9
10 10 7 y'rly.
8

was

1

1

in-

coinplet.il
•

I

—

lor year

$190,601; otber

"..">;

lnt and other oha

L66;

dividends, $45,171.

144,044;
net,

Deo. 81, 1902, gro

einlltii.-

li

in

14;

net
lm-

1901

•

I,
p 615.)
l.nlie PlaH8 It?.
»"ip /''/. <f llti '*<>» ).—
f f"
Operates from Plattsburg, N. Y„ to Lake Plaold, 88 miles, of whleb
mrg to Dannemora, 8 miles, 1- leased from State of N.
for one dollar and free ti anaportation of (<elghl to the 81
Demora, and balance owned. A consolidation In July,
iIih
ii.ite.4iu u\
Ry.,tiie Uhateauiray RR and the Baranac A Lake
Placid RR: V. 77, p 849. flock. $4
laware

1

A

I'Hiii'ii)

il

Ii

1

1

i

A Hud

from

•

.1

ibject

either party.
<
<

in.

1

;

,

91

malntenano

of operation, Intel
iV. 77. p,

-

etc., to l-o to

revision uf i<

m>

the

lonreqaeatof

.

Hi 111 A Lebanon Valley It It .— Mee Rutlaml RR.
liatlnlioocli.e A < « r It It. — Complex <1 In 1900 from Colum-

I111

11

I

rsvllle. al
t68mllea v. 71, p. 808.
lied in perpetnltj to Cent of Georgia Kv. for 6 pereeal oa
.1
bonds, of which I p. e. to be used as a
sinking funil for retirement of bonds, upon completion of which rrntal
win be B p. c. on -tock, payable J. .1 .; additional stook and bon

bia. A

LOO Hto.'k a

per mile

Ii

I

to Flora

i>\ llle

foi

Oa

V. 75. p. 848, 1 1 At'.. See Central of
Ry.— (V.
I. V. 77, p
\iiii,-r it it.— Waal Point, Oa., to Jeatar, Ala..
< imiinhooi in
irl/eil, *l.(»(i
16 ^ miles, i_. ti Iii.ihh); jwr
Bonds, tee h -.i.« above, lor rear ending Nov. 1.
of snares, 6100
190- M3.974; Int.ri'st on bonds, $ti,uO0; dlvldi'inls (B i>. c.i, 65,
ir.. .+>*,974.
1.1.

24

mllivs.

:

1

r

CliatlanooKa Son tliern

—Owns road, completed In June,
Gadsden, Via, 87 miles; Hound Mt.

It It.

tate line to

:

trackage to Ch

branch, 8 miles;
spur*.

10 tnllee: total of all traek, 105 miles. Saooeeeor tor'hatia
aooga Soatbern Ry., sold in foreolosnre Feb. 14,1895; plan in \ 6L
but in July. 1902, the new securities bad nol
The new lntmile on present mileage and f 10,
.iinl the income mort 0s. $7"> », (loo
000 on
v. 83, p 101
,

1

|

.

Bsjamraa.—9
July

Tear

to

mo-...

<

Aiu. 31.

s

orn, 31
«

10O2

Oroas,

:t,in;
22,473; n.t.
ending June SO, 1
in
110,192
'•"'f
"U'b'.' "per., $21.603.— (V. 63, p. 823.) See. E.
1

Nassau

St..

lieonoenke H.h,

Ii

mm.

N. v.
I).

C.,

to

Chesa-

1

,

I

( he.sprske A Ohio Ity.— Sr< Unp.;— Operate* from Newport
Hews Va.. and Washington, D. ('.. to Incinnatl. Ohio, with branobes.
(

met owned

m

(

fee—

Miles

I.tnes tensed—
Miles.
Greenbrier Ky.
port News via CharlottesDorbln toWiii toomb.W .Va
96
ville to Ashland. Ky
512 Bnndry branches leased
27
Richmond via Lynchburg to
Operated onder eontraot ...
19
Clifton Korwe. Va
232 Trnrknje to I.ollNvllle
84
Branclie- In Va ami W Va.. 194
Washington,
/ inn r»i limited by ttoek. etc.—
I> C
85
Ha] IVille d Big Saiulv KK.
Other trackage,
21
Ashland. K> SO OOVlngton, 143
nirton,
Kv, to
Total sy e tesa .T rne30. 1903 1,641
Cincinnati. Ohio
2 Of which narrow gange
Lexington 6 Big Bandy Ry.. 185 second track
154
I,

Old Point Comfort and New-

,

controlled
17
Also owns one-sixth Interest In the Richmond-Washington
The branch from Wbitoomb up the Oreenbrler River to its forks, 96
1,
tOS connection with the West Va. Cent 8 Plti
-ned to
31 miles, on June 1.1901. the balance b. Inge
Lxtcnsions under construction June 30, 1903, aui:rcgating
miles; see V. 77, p. 710.
Othi>i

1

ur-»

J

8

J.
J.

g.

5
5

4
4

H.

8

g.
g.

g.

F.
P.

g.

June

1908
1911
1928
1930
1989
1989
1940
1941
1992
1918

Mob.
Men.

8
A

M.

A

Oei

1.

Jan.
Jan.

July

Richmond.

A.

1,
1,
1,
1,
1,
1,
1,
1,

May

'•lu..<>.

A
P. A
4
*g. A. A
4
Oct
5 g. J. A
4

8

.v

1923

1,

A

tic.

1

To Ma

A.
A. Olrard Trust Co., Phila
8

Aug

1904-11

.

•

..."..

.

'

.1

1

1

'

1

S

Aug.

do

1.

1913

Oct

A.

1,

Dot.

1,

J.I

London.

Jan.

i.

N.Y.,J.P.MorganACo

Moh.

1,
1,

1938
1988
1909
1940

In

fore-

O.

g.

called re arly at

M.

A

80

1.

par.

N.

A

former Chesapeake

Ohio was sold

OARTAl Htock.— Common

stook authorized, $63,260,300; outstand-

ing, 189,798,700; Increased from 1 10,000,00 to this iigure since 1892
iroiiL-h exchange of practically all the $25,000,000 of preferred stocks
for common stock and general mortgage -is> peroeata in certain proportions ami acii 11I-.1
.ii or itOCkl oi
oilier ciunp;ui
0.460,
First firrftrreit for fi-i.SOO and terond )>rtt<mtt for »--(>0 only
TUB,
was Outstanding .July 30, 1903 Bee terms of exchange In V. 7 1.
Stock may be reduced by majority vote of -lockhonlcrs if deeim d desirable. V. 70, p 175.
1

t

1

1

1

.

UrviDENDS. — 1S99, 1 p. c; 1900, 1; Nov.. 1901. 1; Nov., 190.!, 1.
Bonds.— Abstract of oonsol. mortg:ige of 19 i9 In V. 19, p. 147; Of
Richmond A- Allegheny mortgages 111 V. 51, p. 144.
Thepeiierctf mortgage of 1W9'2 (Central Trust 00. and II T. Wlckham
trustees) Is for $70,000,000, but additional amo
000 per mile
•" as
may be issued for double tracking. Of the
above,
$32,691,000 bonds were reserved to provide for the 630,000,000 ooasols of 1889, Issued or to be Issned. etc. The balance onlasued may be
sold for new acquisitions, rolling stock, etc.. but not more than
$2,000,000 thereof In any one year. The morl
re the entire
Sronerty of the company, real and personal, at the time the
mileage
eea was made, and all additional
property
and
aoqntred with the proceeds of the bonds. Bee full abstract of
In V. 54. p. 644; also V. 54, p. 849; V. r r.. p. :i:i5.
In Oot, 1908,
$35,073,000 had been listed on New fork Stock Kxchange. *2, 000,000
having been sold during 1902-03 for oonstrnction and unprovementt
1

,

L;

».

V. 77, p 710.

The Lonisrille <f JeffertonvilU llmige bonds, of which $1. 000,000
are outstanding, are guaranteed )ointi\ and severallj by the Chesapi-aki-

A Ohio amide

\

cl.ind

I

'iiiclnnat

l

Oh

l>onis;

any

deficit

on aoeonnl of the bridge la payable by then m the proportion of onethlrd and two thirds n
-i-,V. 60, p. l30j V". 61, p. 327,
">'>9; v.
62, p. 84 and separate itatemenl for L ,t .1. Bridin
Of the Orrenbritr Ry. 4s of 1900, guaranteed principal ami Interest,
$1,000,000 are reserved for cvten-ioiis and Improvements. Seeguaranty, V. 72,p. 626; see also V. 71, p 554,608.
The car rrtist -, series B, cover equipment costing $2,343,120, Including 25 locoin itluiH, 1,(1 JO steel gondolas, 800 wooden bon car-. KK
wooden gondolas, ete.; series 0,1,000 gondolas; -eriesD,50 looomotlves and 1,000 gondola>.
V. 7.".. p. 289, 3.(3; V. 77, p. 708.

Operations, Finances, Ac.— Since the reorganization In 1888, when
control of the company/ was placed for live years in the hands of
-, the property ha* been greatly enlarged and lmiiroved.
In Jan., 19O0, Pennsylvania interests purchased a large block of
stock, and with the Morgan Vanderbllt Interests now own a majority
thi>

of the stock. V. 70, p. 75, 632; V. 7^, p. 480.
mi June 30, 1903. the N. Y. Cent 8 Bud. Rlv.

and Clev. Cin. Chlo. A
ooh representing outlays respectively of $1,634,455
On" Jan. 1, 1903. the Pennsylp. 398.5 5.
vania BR. proper owned *10. 130,000 and the Njrthcm Cent
500.000 of the stook.
purchase of one-sixth interest In majority Hocking Valley
(

C.3.569.

V. 71

1

common

stock, see that

oompany,

v. 77.

p.

1

7. 1893, and owns
wharves at Newport News. The CoaatCo., whose $636,800 bonds were purchased in 1H99-0, owns 8
tugs and 15 barges and leases 3 steamers. V. 71, p. 554.
K vkvinob.— 2 nios.,
1903 ....dross. 83,916,666; net, $1,9<1
July 1 to Aug. 31. 5 1902
066,139
.net,
vi. Rkiokt.— Fiscal year ends June 30.
kmn
Annual meeting Is
held at Richmond on the Tuesday preceding the last Tuesday In
October, Report for 1902 03 was given in full in V. 77, p. 691. 708
and showed the following. See also editorial p. 527.
Trajne.— Of the total tonnage (9,548,531) in the year 1902-03, coal
and coke furnished 4,985,731 tons, or 45 per cent of the whole;
products of agriculture furnished 3 percent. The average rate reoard coal was only 324 mill- per ton i«-r mile; on all
freight, 4 H3 mills.
Average train-load, 259 tons In 1892, 528 for 6
months ending June 30, 1903.
Tear e>u t'<i; June 30—
1903.
1902
grated
1,641

C. t 0.

88 Oo

rormallv openeii sept.

line sras

oners, using the railroad

.

)

Kail way.— Washington.

Beaoh, Mil. ;;
miles; opened Maj 1. 1903. stock, $1,000.
000, all outstanding; par. *iu<>
President 83 1. T. Smith; Waters; Treas Fred, w Mofi
120 New York Ave.. Wash.,
iv c. iv. 88, p 898; v. 75. p. 980.)
P»-ake

8
8
8

Ac— The

History,

I)

N

1,

July
Jan.

do
do
do
do
do
do
do

do
do
do
do
do
do
do
do

O.

DC

July

gton,

•

closure April 2,1878, and this company organised. In 1888, under
the direction of Drexel, Morgan 8 Co., reorganised without foreolosnre,
*nd the road extended to Cincinnati. The consolidation with th(
mond A Alleghany was consummated In January, 1S90. The Kll/.abetbtown Lexington A Big Bandr and other roads were absorbed in 1892.

The

i9»>:i

.V

5

—

Stock.—$1,200,000;

A

4«sg

1

Terminal

A.
J.

*g.

1,000,000

UP

O.40.-

g.

g.
g.
g.

5
*

1,
1.

da
do

Offloe.WitMi

6

2,000

A.'

1,000
1,000
1,000
1,000
1,000
1.000
500 Ac.
1,000

400.000
25 1801
springs Branch lHt mortgage, gold < v 0"
3 i»73.OO0
l..Ce 0' 1,174 1892
U mort. (foi $70,0
200,000
t
1. bog.
1900
Kin I-., n Coal mort., assunisl,
"*18
.'.'.'.
b55\0OO
wRlv.RK lstM.,g.,sas (V7S.p.562)
1,08
1.
OOoan
Oar trutoi pa» able monthlj
.'.'.'.
lY»6l
800,000
Car ru-tf. on _.•> la 0, Mid 1,000 ir-. (>;iy. ann'ly
0'
1,80 i.OOO
....
1902
1,000
OOduey'rlj
Oar trusts, ser B
....
180 J
onually.
000
....
1903
2,000,000
Cur i:
i>, gold, 1200,000 doe yearly ...
Ooiiiirmii Bonds.
1888
1,000
830.000
....
Ce.O"
levator Co. LstaL,gold,p. 61 guar
•'
1KHS
1,000
....
450,500
2d mortgage, for $500,oo<>, income. BOB cum
1893
a 100
*»;o,ooo
....
ist.M deb red. at par, gu., p. 41
1895
1,000 113,500,000
....
Lo.AJefl Bdg IstM ,$5,000.000,gn.p.Ai..end.H.*c
a * 10.000
nth anil severall) with ('lev. Cln. Chlo. A st L
"A"nre
000 in the treasury June 30.
11 Ser.
I, ii

Warm

In

5 g. J
L903
6 g.

1931

1,
1.

>V.

3,000.000

lot)

1, '03. 4«»

Plttsb'g.Pa Oct.

office,

•

I

Mortgage 6s, gold, ser. "A A B* <«•
1st mort ,of 191 1. IVniu. K\t., gold

Botutt— Prlncl
When Dne.
/*/<« *#— Last
dividend.

I>al,
t>\

-

Passenger earnings
Freight

$2,954,919
12,510,006

Express, mall and mlscel.

7

,668

Total earnings
$16,71 1,601
Oper. expenses and taxes 11,499.^37

arnings

$16,52 1.37S
1

(le-

$5,211,76:.

Other Income
IPO.874
Total and net income. ~ 5 toj.FJ
Tnterest on bonds. Ao
$4
Extraordinary expenses..
a01,019
Dividend No. 3
Balance, surplus
*7J,294
•

1

136. 131
$.V -.(s. 174

1,4«0,814
(

1%)6Q5.2 91
rl4,3o3

$15.3"
9.9<

1348

KAILWAY STOCKS AND BONDS.
[

Vol. lxxyii.

RAILWAY

Oct., L903.]

OK8 AND BONDS

SIN

K MI.KOADrt.

I

For explanation of eolamn headings,
on Jim page Of i.i

Ac?.,

see notes

Road. Bonds Value.

& O/no-cr BAMTIBD II .M>s-(C«n) —
ITopf. Term'l a- Trans, lit M.. 8800,000, go. p Al.
.Cole
Greenbrier Ry. 1st mi
nger A Belt Ry. (Lex , Ky.), let mort., gold
K).or>o. gold
Big Sandy Ry la

Ches.

pref.)

Ohrx.li.

A

W. 1st mortgage,
Che*. West new mon

Vhrmmii
G'/»ir. A

(#'-'•">.

K'il'1

....

mile) Co
i.gold.. o'

III,,,,

AR

II,,.

Ch.AAIt.m KK

mm

i:|

iM

57

••••

.

AC

A

Oh*c<nj„

BurUnyl

,•

",,,,.,./

-i

(noa

Ooi

i-t -M.'

ext

09

In

Blnk. fund mortgage

is,
1'iv

Mink, fin

drawn

415

1SH1

.

Debentu.'
,

ir

i.

skaext.,*20.0OOp.

Inv., colliit

i

•-.•ph

in. (s.

stock

o"

not dr'nl.N

r ..

triiHt.

B.AMo.RR
M|

In

111,1
21,i

and

e,

11.

'

i

,

'.".I

A J.).

>,

, '.''

)

Earn's- 12mos., I UW2?. ..Gross, $10.071, 0<»2 net. +3, 100.897
July 1 to June 30.
$1901-2. .. Gross.
9.225,739; net. 2.S56.820
ANsni. RKioKT.-Flscal year now ends June 30. Report for year
1901-02 was In V. 75, p,902.
— Cal. year—.
Tear end i tig June 30.
-

i

«

855

1901.

1902.

920

1.163,577

4.541,118

$9,036,655
5,595,668

Net earnings.. $2,992,385

$3,255,331

$3,440,9S7

..

do
do
do
do
do
do
do
do
do

(7 p. o

Oct.

owned

1,
l.

o.-t.

1,

Bent

l,

Pee,

l,

Feb
Bept

1,
1,
1,
l,

July

1,

May
May

Boston, Bk. of Com'rce.
si

11*13

1991

1905
1903
191*
1918

do
Julv 1.
do
nklng find uncanceled Included.

on Chicago

)

July

)

A

1901.

1902.

Alton UR.
x$l,525,622 x*1.525.622
5,759
2,517
$4,972,36*

RR

x $3,341,901
11,560
770,000

lease..

$4,123,461

$l.7'9,959
x3, 134, 618

770,000

781,760

$3,904,618
781,760

867,147

* 13,5*2

'

re.iiiii

•

i

1

'

,

Offickkh— chairman of Bxee. com., i:. S. Satrlman; PreeMent H H«
Felton; Vloe-Pres., John N. Faithoru; Treas., F. V. S. Crosby:.Secretary,
Alex. Millar, 120 Broadway, N. Y.
Directors— George J. Gould, M. I.. SehifT, .lames Stlllni'in, I II Mirrlinnn,
New York: ('. II. ChaopeU, B. M. rslton, .lames I*. Korgiin, John J. Mltcholl,
N. B. Ke.ni.K.

— (V.75,

8. W111M..11.

Chicago;

it

l).

Francis. St.

1

902;

V. 76, p. 47, 330. 861; V. 77, p. 319, 950, 1885.)
llurllii^toii A Quliicy It It.— (See Map.)— R<>AD.—Operates a great system of roods extending from Chicago westerly, reaohMo.,
lng Ht. Paul aud Minneapolis, .Minn., St. I>oiils and B
Omaha, Neh., Denver, Col., 'lieyenne.Wyo., lUack Hills, S. D., and Billings, Mont. The accompanying map shows dearly the system, vli.:
We$l of Mui'wri River.
Mile*.
Cfcmeillf O/Mlewarl frto. Mile*.
3,805 Securlt's all owned, leased In
Owned (standard gauge)
perpet*ty(B. AM. R. In Neb. 1.3,929
Controlled (narrow gauge).. 239
203
At Omaha (controlled)
Leased and operated Jointly. 187 Kans
Total operated in system June 30, 1902
8,353
The stockholders will vote on Nov. 1, 1908. on purchasing the Iowa
A 81 Louis RR. entrevllle, I:i., to M. iron. Mo, 100 miles, and projected to extend to St Louis and to Sioux CltT, la., a total of 510 miles
(V. 76, p. 653). the (Julncv KH. Bridge (V. 75, p. 1030; V. 76. p 1088)
v. 76. p. 508. In Aug.. 1908, oneand the Burlington A Western By
third of the stock of the Winona Bridge Ry. was reported to be aoV. 77, p. 848.
.luirnt.
Organization, Ac. This was a consolidation in July, 1875, of the
Chioago Burlington A ljulncy in Illinois and the Burlington A Missouri
Ktver in Iowa Chioago Burlington A Northern and other subsidiary
lines in Illinois were absorbed in May, 1899. V. 68. p. 975.
In
190') purchased the remaining leased Hues in Iowa and Missouri, vis.:
Kans. C. 8t Jos. A Co. Bluffs, 8t. L. K. A N. W.. Chlo. Burl. A fc. 0.,
Han. A. 8t. Jos.. Keokuk A West, and Chlo. Ft. Mad. A Des Moines,
Burl. A Missouri River, etc. V. 71, p. 697. 863.963; V. 73, p 137. 899.
In July. 1903, $107, 597. 500 of the $111,142,800 stook had been exchanged for the Joint 20-year 4 p. o. bonds of the Gt. Northern and
Northern Pao. secured by the deposit of the stock In trust, on the basis
of $200 in bonds for $100 stock. See circular, V. 72, p. 871. and application to lis V. 73, p.294. and description of bonds under (treat Nor.
In Feb., 1902, purohased Kansas City Peoria A Chicago Ry West
Q ul no y to Pattonsburg, Mo.. 196 miles, and In June, 1903, practically
all the bonds aud stock of the Jacksonville A St. L<«ni- Rv., Jacksonville, to Centralla, III
112 miles. V. 74, p. 426, 1307; V. 75, p. 793.
In July, 1902, extension from Hillings, Mont., northwest to Great
Falls, on the Great Northern, was proposed.
For legal reasons the road Is leased to the Ohio. Burl. A tjulnoy Railway (which see below) for 99 years from October, 1901, at 7 per
oent per annum on stock. V. 73, p. 842, 1011, 1061, 1207, 1312.
CAPITAL Stock.—The stock has been Increased for the acquisition
of new lines, retirement of over $15,000,000 convertible debentures,
etc.; In 1880 a 20 p.o. distribution was made See "Organization" above.
p.

Chicago

.

,

(

,

|

,

i

Oper. expenses..

A
6
A
843,0 00 (In

1H

1905
1949
1919
1919
1921
1922

I

do
do
do

A-

l^S

.

The railroad mortgage securing the 3 per cents of 1899 will
provide
funds for
improvements and extensions.
Bonds in
excess of *40,000,< 00 may be Issued thereunder on vote of twothirds of the stockholders for extensions of not over 500 miles'
main track, at not exoeedlug -$20,000 per mile, to fund leased line renttal obligations and for future betterments not to exoeed *5.0O0,0O0 at
not over $1,000,000 per annum from Jan. 1. 1900. Stockholders in
" purohased $31,988,000 Of the new 3 p. o. bonds at the rate
Bh for each $l,i'00 faoe value; V. 70. p. 739. See official
Oiroular In V. 69. p, 17S: also p. 26, 129. 541; V. 70, p. 129.995.
In Dec, 1902. made a Joint equipment trust for *475,000 with Mobile
* Ohio rr. covering 500 freight cars. v. 78, p. 47.
OBMBRAJ
I'he new management has made large expendlf
the derelopmenl of the propertr,.
The canoellai:
r^f* 03orof the lease
by the St. Louis ceorla A Northern of Chicago
terminals relieved the Alien iu 1903 of an annul r -ntal charge of
Increasing later to $150,000 V. 77, p. JM»
Expenditures for
men,8 Bnd "i "l" nl toT 3 yea™ ending July, 1903, were
Lfo

.119

.

Aug

and Chic, Oot

1912

1.

'03, 1»«
'08.
1, '03, 3»i
l. '03,
1,

-

OOO

be Irel Ilea 8%l <>f
are secured by practically the entire capital stock of the 0. a A. liadroad. as shown above, and by a
direct first lieu on BprlngSeld to (irove. 57 miles. V. 70, p. 894, 944.
Bee application to list In full In V. 71, p. 1021.

1900.

$3,

m.- 15 '12

-

.

843

N V

I

•

1*99.

J.

1949

Sompany opsratst the tins nn.i
Its lease of ths Railroa I. the Ratlwa]
earn
paid In 19
me?.. |1.6M0.S«)I
Kr..m htl Uul was paid 7 per c.-nl » ..rflM.H4« by 1 he /.
nearlyallowiii.il
mi.hi.t, which
on Its stock. Tl
ther inoome,"
therefore treats the dividends received thereon ill..-.'
as here shown,

'

Gros-. earnings.. ..$7.i:<

A
A

x Under

ii

Miles

319, -"'I
-.000

»s

i

,

J.

:

ilo

ton
Bl Of

Surplus.

i

l

do

t

Allcharges.
4 per cent preferred dividend

I

v

i.OOO

Total Income
Rentals to C. A- A.

(

both Inclusive. 1 per cent yearly ipald J.

A

Q.-J.

Taxes on oomp'y's line not covered by
Iut.-re-.i3Hi percent bonds

150,091.708,768.)

W

1

1.

t

1.-F.
F.

K'liiit.

2S

l.

Oot

V. 120 Broadway n.
do
Nov
do
(i.t..
do
do

Miscellaneous Income

.,

o°V

2.•>,*;-' 7. 000|

stock

-(V. 73, p. B99, 1886; V. 74. p. 986 )
he-tnui tilll
« Ix-iiiut
II in Kit.— Owns from (ieruuiuiown to
tie-; belngdouble-tracked May, 1902.
Re-leased In 1896 to
Pblla * Reading Rv the rental being reduced from 13 per cent to 6
stock, the latter being Increased In .Tune, 1902, from
'-0 to $195,650 -<V
74, p. 936, 986; V. 75, p. 76.)
OssleaM A Alton 1(> .— Srf M,ip> -Road— Chioago to St. Lonls,
Kansas. ty, etc., In all 920 mllee. of whlob ebont 110 double tracked.
Road Omm
Milt
Leaned Line*.—
itiltt.
Springfield, 111., to Grove, Hi
Roo.lhoiiHo, 111., to
Kansas
,ie* —
I'uy. Mo
251
Ohio
Bt Louis. Ill 280 Hloomington to Wann, via
Coal
ad
25
JeekeonrlUe Godfrey A
Hwlght. 111., to Washington
Upper Alton (all In 111). .159
end I.acon, 111
80 Trackage to Peoria, 111., eto.... 17
Mexico, Mo., to Coder it> Mo 50
ii of all owned, leaded and operated In system
920
unsaTlOM I'hls railway company was organised In April, 1900,
and purchased subHtantlnl'.v all the stock »f the ChloagO .V Alton
<l Compan
(22,400 of the $18,751,100 common and
preferred utock, all of which has been
ity under the first '.ten mortgage of lilOO: also the
1". ..i
,v Northern bet ween Springfield and Grove,
The rmtl roa d whose separate existence Is maintained for
58 miles
legal reasons, has l>.-en leased for
years from \prll. 1900. Ihc r. ntal
earnings, after payment by the lessee of ell interest on
[•.taxes and Other charges, eto. See V. 70, p. 686, 995.
k.
Authorised, f2o,ooo,000 eaoh of common and 4 per cent
nou .him. preferred. i*su« ,| in amounts as shown in table above, the
nnissuwl stock being reserved to exchange for the outstanding stock
of the railroad company not uow owned.
Divii.kjii».
Dividends on preferred paid Jan., 1901, to July, 1903,

BomM

'l.OOO

Dividends

•

-

Juh

do
do
do
do

1

I

N\

,v

A
A
A
A

i

,

N. Y.,

A

-

A

Ofceewpeake WTeatern By.-Owu North River Gap, Va.. to
Bridgewater. 11 miles; pened May 1, 1908; leases for 99 yearsChesapeako a- Western RR, Bridgewater to Klkt.ui, 27 miles; totaL 41
Protected to tidewater on Chesapeake May, and westerly Into
tin' Weal Virginia coalfields, of whloh ii miles from Bridgewater to
North River Uap is completed. Controlled i>y Chesapeake Western
Oo. V 75. p
i.oOO.OOO; outstanding, see tabic Ches. AWeet.
Btook authn
RR. ha
om. end 632,900 pref. stock outet*ng. in Oot., 1901,
C. 97. Ky. made a mortgage to the Bowling Green Trust Co. of New York
\
100 bonds
73, p. 899, 1356. Yi ar ending June
K48. 020; net above taxes. -M21.
In 19> 1-2
toss $S ,126.
President, 1>«- Witt Smith; Treas. and
I.11
Ball; Bee., J. C. Ward. Ofllce, 141 Broadway, N. Y.
1

J.10&D
8

4
6
4
5
5
6

1

V. 77. p.

1 »s

1. '03.

do
Tr

do
do

;

l.'OH,

.to

do

\

A
A

T. Wu-kJ.

Jl|

,

.1

5
4
4

1,

-(V.7<

Julv

120 Broadway.

b2. 51)5.000
2.000
d-1.30O.O00

,

:

99.000

gr.. h. f.,dr. atlOO.NH )
58 «
5,450,000
1878 600 A*
till 1908$
$4,375,ooo canceled not Included, d, $1,550, ooo, end e,

Lxtell,

1961

Aug.

Trui-t. N. Y.

Y

l.OOO
1,000
l.OOO
100 Ac.
1,000

President,

1945

i.

S. pi.

3**

Qeorge W. Stevens, Richmond, Va.; VlceTreasurer, C. E Potts.
Richmond. Va
Richmond. Va: Secretary, 0. B Wcllford. Richmond, Va.; Conipi.
F Bnlllvan, Richmond, Va.
Dire* >n
Deeatnr Axtell, John P. Green, 8. at. Prerost, Oeonce w. Stevens
H. McK. Twonibly
rhituiii'iM M. Dapow. William II
is nasi ll>-

OfWJJkM

Contlu

A.

41,00

Exempt, not dr*n

<

1.

1.

York.

g.

I
7
7
7
4

;

1

o*

1948
1940
1806

I,

York.

Phtla., Treas. Of.

4

1,750,000
1.500.000
329.000

1887 1 .OOOAC
1,000
990
1890-2 100 Ao.
1878 800 aw.

Neb. jL'd

LOO

'»,ooo.

....

Ho\tr 1,472
NB-O* 181

tonvertlble debentures (See remarks)

<

....

1881

o
.li.muar 1O0
« f dr'nat lOO.NBo*

.]

I).-,

1879

\

<1879

Ar

-

A

lOOO.Ao

OAr

100

al

P.

3«sg

U.000

l.OOO

1873

826

>•'

NB

New

l.

Feb.
Hot,
Jan.

A.

g.

.1

100
100
100
100

—

101

... 1,6*8
rtgage, $e ».0 0,000, our.
fund, [owe DlT.,Se,(eoL tr.i drawn el 106..
901

Illinois Dlv,

k

|

k.7 p .rental

->..,

g.

4
«

1,000

162
37

.

m-wiAmaA.

4 g

22,000,000

1.000

1877

A

N.

l.O.i.iAe

)

M

Due.

*Vo«-*r«-Laet

bj

Whom.

"•

1899 l.OOOA-e

....

F.
J

5

,'»o

too
lOO

....

57

Miss. Rlv J4r Isl M it .,ass'd.S.L,dr»nol 100.0"
i-r.-f. stock, guaranteed.
Kansas City Hi I.
Jollet A Chic, 7 p.o. stock. perpet-,gu>
lelana
Mo., giieranteed preferred
.

—

ED

CDKITTBe,

1,419,000

All

Et-IC.O'Ar

Joint equJ

1,000

1901

41
4
57

.

ivrir

Iss

27

pal, When

Where Payable, and

Wllf-"

Ps

5

•'MO
1,11 1,600
"in

100

I

Cenl

1

1902

M

l™

H,kU>

$500,000

$1,000
1,000

4

icy
ok, rental P
Coin. slock, r-".' mm. «M). ...
onm 820,000 000
Pref. itook. 4 per cent.
all at par. F. oar
First lieu
ii

,X

'linknn
OUUlt,u,1 " u

[

I"""

•

1898
19O0

96

1

C.

Pa*

ot

of

|:JI!>

$9,225,739
6.023,919
$3,201,820

.

Divs.— ) '81-87 '88 '89 '90 '91 '92 '93 '94 '95-'97 '98 '99 to Sep.,'01
Per oent.,8 yrly 5
4 5 4>4 5 5 4\ 4 yly. 5»« 6 yearly.
On June 15, 1901, 2 p. o. was paid for the 4 months ending July 1,
1901, when interest on the new Great Nor. -Nor. Pao. collateral trust
4 per cent bonds began; Sept., 1 ^a p. c; first quarterly dividend under

1\

V. 74, p. 41.
c. paid Jan. 1, 1902. dlvld. being p*id Q.-J
full description of each loan see the editorial article on
pages 3 to 6 of Supplkmknt of Oct.. 1896, and Chkonici.k V 63. n. 775.
The mortgage of iSoo for $$j,ooo.ooo secures bonds dated July 1,
1899, mitunug Julv 1. 1949. and to bear Interest at not to exoeed 5
percent, ^uch l>.>niis as mav be Issued bearing 3 1* per cent Interest
will be subject to call at 105 per cent and eOOTUed Interest an 1 those
hearing Int.
m than 3^ p. c. at par and Interest on any

lease,

p.

;

Bosds.— For

coupon day after thirty years. The Issue
0$83 ">0.0O0,
and the lien securing the bonds will become an absolute first mortgage*
covering all lines ea-»t of the Mississippi River, upon the paycent bonds due
ment of $21,099,000 oonsol
July 1, 1905. and of $2,320,000 Chicago A Iowa Division 5 per oent
bonds due Feh 1, 1905, Sulllcient of the new loan is reserved to take
><> were Issued
up these $31,244,000 bonds and In Wig.
1903. The remainder Is available for additions, eto. See V. 68, p. 771;
abttraet, V. 69, p. 283; V. 69, p. 795; V. 74, p. 1307;

V. 75, p. 665.

1350

RAILWAY
ST<»('KS

AXD BONDS.
Vol. lxxvii.

0<

RAILWAY stocks AND BONDS.

L903.

i..

L351

RAILKOAIi-

MllM Date SUe.or
uf
of
p »r
For explanation of column hoxllltgi. Ac, see mite*
Road Bonds Value.
on first page of tallies.
Ohicai/o Burlington J Quinev- (Oonetuded hBnri.vM... i:u In Neb., a. f. for AtAN.RB.ath
Hannlhal A B1 Jo ooneol M
on Lai M I' o*
500 pf.)o*
K.O.St. J. A Conn BL.coii
lHt Mm. Nod. and lark. Val. ltltit. s.f.idr.at 100). O*
R«M>.Val..l-tM.,gu.,idr. at
Atch. .v Neb., l -*t M., At. to Lin., Neb., etc., guar.c
Llno'n A NW.RB.latM. trnar..B.f.l p o.,notdr*n.
c K AM. lit M., g oil <••
Ohit<u/<> <.'•>. dt
outs*
in aft. <> I.. >10 til
<11 at
Qei
Chicago A- Clnoln t-i M |7f 0,000, g calL
(in. Ind. A W„ l-t M.. fBOo.OOO
texl oil ionaol mortgage * It
ar l. guar. p. A 1 it it
HOoaler Equip lat&l

mi

.

i

l-so

299

62

145
73
168

1878
1880

I

.

Bqulument

really..
trusts, $300,000,
'lp
15,000 p,
Bast, lilt
Pf. St'k, $10,000,00(1,1, i.
DOn OHO) 110,000 p.m.i
C<
O, ao drawings)
1st mort
Danville. \
Lat M.. aeanmed
o*
benalon, 1st mortgage

Okie.

m

Ce.C

Oonsol. mortgage (for$<;.000,000),gold
Collateral trail bonds

and
mort. fSO,000,000

190J
1903

Haute A

Indiana Block Coal,
Ohicaao <e Kru Btook

«

ale.,

<>

Lneome mortgage

lit mort.,
(all

s.

"i'oo

100
1877 100 Ac.
1"1)
1,000

107
7

15
127

lssi

1,000
1SS7
1,000
1SK7 L.OOOAC
lsso
1,000
l.OOO
1881
1878 500 Ac
100
1890
1,000
1890 l.OOOAO

39*1

174
49

(all at i»ar...

f.,

held by Brie)

lat M., gold, tnfat *uar. till principal lapuld.*
income bonds rur $10,000,000 5 p. o. non-cum

n

1,0(10

1SS-1

o*

o*r
lit
1st M.$2."..OOOp.m.,as«'d..M|i.o'

Oen'loouHoi. ainl
Chic. A [nd. Coal

l.OOO
1,000
1,000

949
249

4

J.

N.

Bk of Com'ree.
..Kk.pf N
i,
2d Nat'l Bank.
do

pal, When Due.
A't.«-A.#-Laat

In

Jan.

1,

Moll.

1.I07

l,

Julv

1.

1990
1911

(). t.

1.

Jan.

do
irflea.

5
5

A A
A 1.

50O.000
5
ill
5
7,217.800 6 In 1903
6,830,700 (3 In litoj
2,989,000
6
97.000
6
91,000
6
2,788,000
6g.
42.000
14.020.000
-(1.000
5
L 50,000
6
136,000
7
100,000
12,000,000
5R.
Mostly
10,000,000

A.

i*

M.
J.

M.
J.

M.

L,

•

,

:.

I

J.

Boat,

J

N.Y.,

ATr

i.

it.

do

A D

J.

Jul*

1,

July,

1910
1950
1961
1961
1W52
1953

l

B'k Ju!\ 1.-03.
Oot. 1.

3%

iank.

N ¥., Central Trust Co.

A
A
A
A
A
A
A

.

i.

J

q.-j.
J.

Tr

A

I.

Boat, Old!
Ho-.

A

J.

oi.

Am.

J.

A
A

4>9

-

Boat., old

A

1910

1

1,

June

'In

•m'roe.

B

000.000

1

I

5

900.000

and by

Dividend.

A J
Ali

6
7
7

1.1-

l.OOO
l.OOO
1,000

i

ekBR

Ac.

Princi-

i

1'ayalde,

"ayahle

J.
J.

7

VII

lil

Where

Wl1 *"

J.

4

1903

.

Jt

Knbiihv. t.

SO
33

I

;

IK)

V"

6
7

kl.07

I

i

Kl,t "

61,000 U-r-i.ii7.ooO
8.0OO.000
1,000
5,000.000

L881

i

,

1

1877 100 Ao.
1,000
1880

i

i

IF

Amount

nnuZnti ,,,,

Central

l

tu

:

<><t.

do
do

1,

Feb.

1

N.
J.

New York,

N.

owned by

Erie RR.

1934
I

I

Nov.
do
N. Y.. Met.TruJan.
N.Y., Farm. L. A Tr. Co. Mav
do
do
July

N.
J.

I

M.iv

Fourths. it. Hank.

D.
O.

l,

1,
1,
1,

1991
1936
1920
1908

May 1,1982

Erie KR.

1, 1982
July, 1918
The Chicago Burlington A tjuluoy sinking funds for the several loans respectively held alive June 30, 1902, of the bonds given above
outstanding: Of g
OOJuue, 1903; li, $1,931,000; k. $433,000.

Terminal

lit

lm

mortgage, gold

300.000

B

tr.

vi

.1

irk.

.

Erie RR.

i

iids are a first mortgage on the main line In
The Iowa
Iowa from Burlington to Fast Plattsmoiith on the Mo. River, 27S miles.
and on L22 milci of liranchcs; th»>y are also a first collateral Hen on 420
miles of brandies and B6 mllea of second track. These bonds have a
sinking fund of l h percent (9203,800) yearly, for whloh the 4s are
nbjecttooallal loo. lie 5s at 105. The single main line and branohes
coM'icd ••shall not exceed In the aggregate 900 mllea," at $1 d.OOO
per mill-; on second track (of which June 30,1902, there were 86
miles) may he Issued all additional $11,000 per mile. V. Cf>, p. 469.
Denr«r h'.n. bonds can be Lnoreaaed only for 2nd track at $10,000 p. m
The collateral trust Nebraska extension bonds of 1887 are Issued at
920,000 per mile for single and $10,000 per mile for second traok on
not exceeding 1,500 miles. Abntruet of deed V. 45, p. 441.
Burlington .f IftaaouH RR. in Nebraakaeoneol, mortgage of 1878 Is for
914,000,000, and Is now a lit M or lit Collateral lien; all excent the
esrinpt bonda are aubleol to call fur the sli.klng fund at par; $171,400
retired In 1908. The " eyempi " liunils may he called after 1908.
The 5 )» r rent ttrhrnturrs of 1890-92 are OOnvetlibte 9 for* Into stock
an\ time prior to »ee 1, 1902, except w hen hooks aroolosed. $l.r),(;i 1,SOOhadlicen thus converted up to June, 1909. V. 67, p. 842. See
terms of conversion on page of the Bl ii.i mi vr for Oct., 1896.
Himihi Kims. ii. '.irn inin.- one of the principal articles oarrled
the earnings vary greatly according to the size Of the crop.
[n Mar.71901. stock holaerssubsoi iiiedfor$'.». 922.700 new stock at par.
tO.000.000 5 per oent notes were Bold dated Aug. l,
due March 15, L904, md -ecu red iiy 97,000.000 in lois Dlv.3>t96
"
\'. 77, p
bonds, with a ••jo p o. margin to be kept /
L46,
uiMNiii — From .Inly 1 to Aug. 31 (2 months) earnings,
Including lines controlled, were:

An

|

t

I

;">

i

i

I

i

2 months.

Grout.

Charges.

Balance.

99,791,688 94.085,282 $l,02o\000 $2,409,282
1901
9,460.462
3,860,772
1.617,049
2,2(3,728
Anniai. Kkcort.- Fiscal ear anda June 30. Report for 1901-02 was
|

in the

ciiKdMci.K.

V.

7."..

847, B57,

p

(see alt
Iltorlal,
p.
O. B.
N., etc.

A

showing operations, Incluillng results of the
Miles operated
Freight

June 30

8.324
)

Passenger
Mall and miscellaneous

$62, 638,379

)

Gross earnings
Rzpenaes and taxes

)
'-

)

9^2,638J379

lo.M$22,0

Net.

I

:i

'S, 906

SM6.M0

Other Income
Total Income
lnt, rent, eto

$2

Balance
Dividends

$13,326,108
•8.H34.570

12,4 16

9,116,338

Surplus

•Of

.1

1900

1901-02.
8.121

$4,491,538

936,072.079
12.857.267
4,865,899

823),

01.

7912
$33,662,221
11,624.746
4,765,022

t

r.l,;i<9

:i5,682,875

34,069,908

918,112,370
^05

$15,983,081
880,797

918,458.173
8,370,064

916,363,878
8,238,471

910,083.111
98,125.407
,
8,819,722(6»«)6,652,557
$1,263,389

this. •S.twe 762 In H»0«-( 3 and »8,o *,1'0 In 1U01
on N. r. I'nc.-Urotit Ifonhani Joint bonds as a

Interest

$1,472,850

02 was applied dlrrctlt as
matter of conTenlcnce.

I)ir«ctoks.-(;c.». n li'irrii Prealdsnti, Chicago, in.; Dtiartaa k iv-rkins of
BurUngten. Is.; J. J. Hill. Si. |>mu|. Minn
P. CloUgh, Robert II 10
Jaoob H Soblff, Qenrse 1.0 uld, II McK. TwonihlT,
and award T. Klcholi of New fork: Norman B. Kt-ani uf Chica.
-(V. 7C. p. 129!'. 1364; V. 77, p. 145. 196,949, 509.)
< lil«»;:o Iturlln-toii
Qulnry Hail
jr.— Leases the Chlo.
Bun. A i> ftaUroad lyatem for 99 years from October. 1901, at 7
per cent on it« stock.
Incorporated In Iowa on Oot, 16, 1901.— V. 73,
9.842, 1207. !•> c C. B. * Q. Hitlnnut above and Northern Securities
Item. V. 73. p. 1357. Stook authorized, $100,000,000; In July, 1903,
not yet Issued.
;

W

Iliirrlnmii.

l

A

""•'> '
,

JamssJ.HIIl,

W.P.

wa

" Harris. President) Charles

rg«W.

ClouRh,

.Perklaa, JoknP. Kenedy,
rrlraan, M.I

M. li. tyre, James Slilliuan and Darius Ml ler
\
131/.)
hli a-.. « lix ImiHil
«
Louisville It R. -Owns Cincinnati to
Han mono. Ind. (mar Chicago). 251 mllea. A oonaolldatloa on June 4.
1903, of the Omolnnatl Richmond
Munole Rli. and Cincinnati
Indiana weettm KR., the through line being nearlv completed in
Ju y. 1901}. V. 76, p. 1247. The Cincinnati
Louisville KH.
oorpora'ed on Nov. 17. 1902. with t500.000 stock to build a road
from ClnolnnaU to Louisville, V 7"., p. 1117. Btook antborlxed, (1)
>\

It.

A

&

&

&

The Cincinnati Richmond A Mnnole Lat 5s, Chicago A Cincinnati,
snd Liu. >v Ind. West linos are all subject to call after K
their lsene, (he
n. Rl h A Mnnole
ment, V. 71, p. 1006 V.74,p U95. In Aug., 1903 made an
to the American Loan AT astOo ,f Boston and L'nlon Tru-t
Indianapolis, astrueteea, of which sufficient arc reserved to
* for

the existing hoi ds at o' before maturity; balance for
Mods. Improven enta. etc; alio Bled a $ 00.000 :i per cent equipment
trust, maturing in annual seiies up to June,
1918. V. 77, p 849.
u. a. Bradford Jr.: Sec. and Tics,
IreRoger N. Allen, 40 Water
Bk, .oit.'ii.- (V.
p. 249, a
•.

.'

.

I

Chit-ago

A

Ea.1.111 IIHiioIh RR.— Operates road (double track
from Chicago, 111., to Terre Uaute, Ind..
and bituminous coal fields: also to Thebes and Joppa. 111.
to Danville Jet., 106 mllesi

extension from the main line to Pana, 111., on the CI. Cln. Chlo.
JO miles, w ill he hullt, affording with track. ige Over the Big

Four a through line for the
Lints owned in fee.

'Frlaoo to IhlcagO
1087,
Mile*. Coal Hluir, Ind., to Casey, Ind.
7
Dolton to Danville, 111
1()7
Branches to Ooal Mlnea
15
Danville, 111.. to Hra/ll, Ind... 61
in liruiicli
14
Momence Jo.,IU.,to Brazil, Ind. 130 Don hie track
106
Danville Jo., 111., to Tin lies, 111.277 Bide tracks
j/g
Joppa Jet to Joppa, 111
16
Trackage, etc.
o to Dolton, Ch. AW. Ind. 17
Claana Jo. to Claana Park, 111.. 11
Rossville Jc. to BldeU JO., 111.. 31 Otter Creek Juno, to Terre II ..
6
Percy .1 't. to La Croaae, Ind... 46
Mllford Jc.,Ill.,to Pre. •land, Ind 11
Total operated July, 1903.. ..752
(

HlBTOBT, Lkvikh, Ac— In August, 1902, the St. L. A San Fran.
acquired the greater part of the stock, as s;iid below, and m July,
1903, amalgamation with other St. L A Ban Fran, lines was pending
under the name of the Chicago St. Louis Memphis A New Orleans RR.,

which

see.

The Chicago A East 111. owns $1,000,000 stock of Ohio. A 97i
Indiana -having all the local traitlc of the latter road from L)
Into Chicago. In 1902 the traffic contract made In L890 with the
Bvansville A Terre Haute for the operation of a through line between
ivllle

was

ctlll In

force.

(V. 55, p. 995.)

111. A .Mlnourl
(which see) let oonBridge
a hrldge acro-s thi- Mlsiisslppi River, forming with St. Louis
Southwestern a direct line to Texas points. V. 71, p. 1219; V. 74, p. 936.
Stock.— In addition to the amounts outstanding In table. $5,250,600
common and $1,135,000 pref. were lii treasury in July, 1902.
In Aug., 1902, the St. Louia A San Franolaoo RR. gave in exchange
for the oommon and preferred atooh its itook trnat oertlfloate
rateof $100 Hiereof for each $100 ihan*. V. 78. p 289. In Jan., 1903,
$7,040,300 of the $7,217.1(10 common and 94,167,700 Of the $(i.H30,700 preferred had been exchanged on this baals.
The St Louis A
San Fran, has the option to retire the trust certificates at an? time at
$2 50 per $100 common stook trim oertlfloate and $150 per $100
pref. stock trilit coitllle.ite,'payable in gold, and Obligates itself to
pay off the en mic Issue in 40 years from date at the same rates meanwhile obligating if>elf to pay 10 p. c. dividends on the common and 6
peroentum on the preferred tru-t certificates, re«p<-( ti\ "ly. these
amounts helng ei|uivalent to t per cent on the principal sum to be
eventually received In payment therefor. Upon failure to pay any
dividend within 30 days after deman I therefor, any holder m
render the certificates to the trustee and receive the shares represented
thereby. See also V. 75, p. 289, 393, 1031.
Dividends— )'89. "90. '91. '92- '7. '98. '99. '00. '01. '02. 1903.
On pref., p. c... > 6 6 stk. 4 »« 6 yrly 6
6
6
6
6
6

In 1902 the Southern

tr;ii

•.

ts for

Oommon,

2'u 3>i 4i* 5^j6
eonsol. and 1st mortgage of 1887 (trustee. Central Trust Co.) provides for the retirement of $6,042,000 prior bonds and
for Issue of bonds on new road at $18,000 per mile for single traok
also for bonds for equipment at $7,000 per mile and for double track at
$8,000 per mile. In 1897 the total Issue of gen. oonsol. bonus was
limited to $30,000,000 and bonds were reserved for Chloago
Indiana Coal firsts. See V. 64, p. 1088.
iial Finances.— This company owns most of the capital stook
of the Brazil Block Coal Co., and carries all its coal. It carries also
the coal of the Danville, Clinton and Williamson county fields. On
Feb. 28, 1903, car trust notes, $401,689.
Lattr earnings are included In those of the St. Louis A San Francisco.
Yrtir end. June 30.
1903
1902.
1901.
1900.
p. 0.

..

>

Bonds.— The general

A

Miles operat. June 30

Gross earnings
Oper. exp.

A

Netearnlngs
P.

0.

738

(58-94)

$5,659,446
3,471.294

711
$5,148,P97
3,063,627

92,188,169

$2,085,270

(58 93)

$3,171,759

op. ex. to earns..

727

$6,277,494
3,699,732

$2,577,762

$7,723,848

taxes... 4.552,089

(61-H4)

Net (lnol.oth. income). $3. 544. 558 $2,826,909 92,407.215
rnterestpaid.
.>
, '* 0B
1(439(847 J 1.245,889
Rentals
") 132,138 1,801,671
{
137,578
Olv. on pref. stock. .(6)409,842 (6)409
(6)379,842
Dlv. on com. stock... (6) 433,063 (6) 431.868 (5**)370,£79
Constr'n.depreo'n.etc. 920.646
317.245
607.172
.

(-1950)

$2,300,159
1,126.139
1S3.648
(6) 319.842

.

'

<4>*i-

129.205

Balance

None. sr. $232,424
9341 ,155
Annual Report.— The annual report for 1901-02 was In V. 75, p.
392. Rate per ton per mile was 0*459 eta. In 190
Officers.— President, B. F. Yoakum, ft. Louis; vice Pres., \v. II.
La-ford, Chlcsgo; Secretary, J. S. Ford. N V. oi'lc- 2t Hr.
Director. .-I). (}. Itci.I. It F. Yoakum. W. H M
Mo re ?. 8. flower, New York: a. If. B
W. H. Lyford,
iar. I, II. H. Porter Jr. C'hlcauo; Jnmei Campbuil. ?t I.
,

— (V.

76. p. 101,265, 108

4.

l-l

-

.

.-•'.»;

••
(

.

J.

H.

W. Mil-

V. 77, p. 509, 950.)

lilca-ro A K.rle It 11.— (See Map B-ieRR.j— Owns from Marlon, O
to Hammond, Ind.. 249 miles, ana leasee trackage over Chicago A
West Indiana to Chicago, 20 miles. Practically merged in Erie. RR Co.
Bonds.— The first mortgage (trustees Central Trust Co. and Edward
<

,

Daniels) covers 249 miles of road, the oontract with the Chloago A
Western Indiana, $1,000,000 of that company's stock and $240,000
stock of Chicago Belt Ry. See abstracts V. 51, p. 911, V. 61, p. 750.

—
1

o

RAILWAY STOCKS AND BONDS.

352

MAP OF

[Vol. lxxvii.

TIIE

CHICAGO GREAT WESTERN

RAILWAY.

2
.Detroit Cy.

\*

Klmberty

."Wadena

Jc.

Piling."?

VLact

/l7Ir

fY&ra\r\tfa

/Evanavflle

a*

iMInckley^/

.^uXnJ ?Vr „
*JXfc City \J£*> Grantsburg

Xoyalton

Alexandria

l

_
Saj"k tVntri

/Superior

-u

V

Cy

fliyfeli

& Chicago

'

JeT.j,

J4 if

\

'* flplOl

^

BL Cloud1

Rice Late

§ Cambridge P Harris

ffc*

Cameron

MonaceUoN^^S^T

TVest"boro

/^v

'

J""

Bloomer
;ltonterl&M

JtinneUmka

SAbottBford

*J^/^Cuippewa
<\

»r^V,astlnfir9

w -™»

II

a,
i

^tiEl

'Jian>Clalre

,tO WING

1

tt?a

T*

Falls)

!i

\

t.

JBterauSt

^—^

o

Merrfllon)
w.

\

)

F Howard
,

j

p.

iNew^Uondo!

«.

/
LH'.\tervllle>'^V Gran6\Hapld8

iWtoTj

ZUMBROTA
Sii!^J>t.onia7i

Spavta

^o>*i" indom

::;

r

X
^-*-^^\

X

±
L.

/

SplrltXateT^^vSLF-stbenJlle/.*

ak
(M

Mr^SE^ M ^?
/ X
cm v*^-^ M\S ^
A JkXLEE_y-2*^*v^..
BoJan/fV,- '^Xc\?
ir/\^^^\, XMArfLY JCW V« ^<<$»*

Albert lA-aj
1a<h/<S~-^

<irtlilHgTvn

o Sheldon

Bkoa

Dougla

^

UValtlnlmg V5-c
-~\.
"WeTlf^A \

Winnebago CyyQ

4-

iCani\)

^"S

e

-^
dP

\i

ih>rtage\^

vi

13aral)Ocr<

'S\M t

/

/

\

6

\W

MVson cv.IX

tK4>N

Britt,

v<^

-.HpriVion Jca

Richland Con/

,

)J£

T$ A^S^^V/f S

v^6

o» c

Mllty*

*
'•f

,/VkMADISONf

Si»'Iicc?-y"c?

L«Wi>>vV
Ja nw S\.^lk"horn/

J5^\.

v

X^

E dora ^
1

J

Xj} S

:elnb(M-v
\\
JvintQn

Gifforc

,

\

-.Toledo^

^^^».

JTontieello

\ V\_\ KS^y^-^Z

om:.iUI.

Clinton V2{y"ulton

1/

sTlpton
Jc.

«=

TW>lC ...

Aliibov

/
ha\ anpoi

X.

Wlnturbu

Fore

Savanna

inn

^v^bx<'woiM^h->_^^_^/

-^r^TTir

5A^dS SJ*

*4V

I

Had!

MArfSHAL

Belolfi

t

lOSKALO

Bnfla

Fontonell

,qunc(l bluffs
orni

i.

W'to>-M/J

.nt

(Galeabun

10
,

:t

'r«'k-k

<

^
i'hnmi'nlirny

fRasb v.

'.Ma.J.M

^^>\

/

v
I,.

-'vN^

-^il^EAVENWORTH

(

y.

Tajb.r

\>,

BniMwte-fi

Jt^~~~^m

'

'

lNiwlon

:^>

SvTlnlT

s-<

c

n

RAILWAY STOCKS AND BONDS.

Oct., L903.

Homts—

KAII.ll" \L-

Miles

For explanation of column heading*,
on first page of tablet.

A

Chicago

135:1

Date

81«>, or

of

of

Par

Ac., see notes

1,

Ammlllt
(

Road. Bonds Value.

When

*••* P®*

ontatandl'nif
uuwlamm "

Where Payable, and by

Whom.

able

.

I

:

When Do*.

Stock*— Last
Dividend.

Trunk— See Or. Tkdnk Wbbt. Ry.

Or.

Ohieayo Great Western—

Deb. stork, earn., g ., *30,000,000, dlv. In cash,

Debenture scrip

(not

t.r«--.t lieu

11

1

8100 927,577,000

g.

ring)
l

OMnif/o

18M

M

,

g

.

red.

<

1

C.

U

,v

I

a

all

iewg Buskli

,p..u.red.text

1

Indiana H tone
0k r In, ,t 6

Kit. 1st

M

1897
1897

....
....

<
k'old..< c

M.,guar..

1st

1

1880

289
162
509
509

l)n

1900

1881

1

guar

.

18

I

•

;

1

V 0'
M oonvert Into pref.
mortgage Western Union KH..0*
.

.

919

A Broad Trunk Ity.—See Urand Trunk Western Ry
<;reui Western It}. is,eM,t/>.j Koad.—Operates the
"Maple Leaf" route, radiating from Oelweln, la., northerly to St. Paul,
easterly to Chicago and southerly to Kansas City, and embracing
Trackage, etc.
Mile*
I.met Qmud
Mile*.
-1
1'. A Kan. City Ry.—
11
Paul to Minneapolis
Chicago termlnals(V.71,p. 442) 10
Chicago to Bt Paul, M"inu.,
and Bt. Joseph, Mo
691 Dubuque to Aiken
14
>r- Moines terminals
Bran.hr- to ay Held, etc
3
189
ireek to Beverly
23 Leavenworth to Kansas City.. 46
Opmi'rit under agrtemenl—
<

lilcago

<

hUago

I

•

1

Mason

Oltj

1

1

Dodge

Fori

a-

Mum. A

which

fl

.11130

..

see.

Total operated July, 1903 1,331
Paotno....t971
<irganlzed In
BDJTOai
The Chicago St. Paui A Kansas Cltv
May, iss<;. and in December, 1887. merged with Minnesota A North
ed per plan. Vol. 55, p
OnBepl 7, 1893. theQreat Western aoqulred i>\- deed the title of the
Ohloago 81 l"ani A Kansas Cltv Ry. (815-67 miles). In Jane, 1903,
the old mortgages were satisfied of record, V. 74, p, 736. As to 7 year
contracts made In Lu09 with [ranking
pantos, see v. 75, p. 341.
kitikb.— The holders of debenture and preferred A stock appoint the nuance committee, which exercises general supervision of
finances. Additional securities of said Issues can he put out, luit only
with consent of a majority of both said olas-es of stock present at t
ourlties of other l-siir- having a Urn prlorto preferred A can be
created, but only with oonaenl of two thirds of both classes. The several Classes In cine of liquidation will have principal paid. In gold, aeoordlng to their priority right to dividend-. At extraordinary general
meetings of holders of debenture stork and preferred A stork
lvely, holders of un. -tenth of said storks outstanding, present or represented, constitute a quorum and by a majority vote have power to
sanction any modlfloal ion of the rights of said stocks. The provisions
of the several classes of stock were ful,\ set forth In the editorial
article of the BUPPLBM BUT for October, 1X97; see also V. 71. p. 441.
In 1898 the authorised Issue of 4 i«. o. debenture stock was Increased from 915.0OO.000 to $30,0OO,0oo for future refunding and Improvements. Bee Finances below. V. 66. p.
::i. C63. 1088.
In Nov.. 1'
1,000 common ItOCk was Issued tO purer a -i- the
out-taie ling st">rk of the Ma-on Oltj A Ft l> dgfl RR.. Manly
dge, la., and branches, 180 miles
Hajrfleld. Minn., to Manly Jet., la,; Oelweln, la., to Hampton [a, 121
and balanoe of stool or Wisconsin Bilnni
do RR 272
L201. The stockholders voted on Fi
>, p
I, to In
common stock from 98O,00O,<
000,000 • portion
of the new stock to be
mpletethe purchase of the abovenamed roads.- (V. 76, p. 1901, 12.'>;i)
in vi 10 m.h -On pref. "A" paid Jan. ,1899, 'ip.o,; In July, 1899 2 p.
In 1900 to iflo;t. hoth incluslvi
On Ma.-rh 17.
>0
additional debenture
stock wiis author!
of two branches from Bayfield,
Mlun.. to Manly J
miles, and from Waverly, la., u> Hamp
ton. i- miles, to the Mason City A Fort Dodge
for 91,386.0
1
tlr-t mort
Lp.0 gold onds of hit tcr; V. 7 I. p. 7'jr,
In 1903. 92,000.000 ti'. e-year 5 p. o. note- were Issued
V. 76, p. 809.
Early In 1901 Vermllye A Oo. beoame the n-eai agents of the 00mpaay. their Mr. Read entering the dlreotory, Bee v 73, p. 580.
In Apr., 19oi. a syndicate aoqulred nil the stork and bonds of the
Mason Oltj A Fort Dodge RR., Mason oity to Fort Dodge,
99 miles,
the purchase Including coal held- near it Dodge, and arranged to
extend the road from Manly Junction t<> M
miles,
and Hampton to Clarion, .'»o m. (botb oomp
the r. at.
sooth wesl from Fort Dodge to Council Bluffs,
, and also
I'Xi miles, th«> latter to be opened Nov. 1
1903, whence ti

aaln

WM

<

B t

».000

4.1

M.

1

I

A N

5 g.

1

4,70'
1

R J

Am.

22,000
18,000

6
S

In treasury.

Tr.

<fc

MorganAOo.
do

1.

On.

A

Ry.

J.

.1

n.

n

.

A

July

84,000
1.-

10.000

1

Dlreol

W.

HI

1

,

May

1947
1908

1

.

1920-

do
York.
Yd-.

l'n. Stk.

Oenfl

n

1

194»

,

326.
Jan. 1. 1927
Oct 27, '(i
Oct. 27/08, 3>«
Jan. 1, 1904
July 1, 1906
July 1, 1908
July 1, 190*

-

do
do
do
do

do

IV.W

-t.

1911
1949

,

S. ('. StickiieT.
Wllllaiu A

Nassau

1>*

.•aa
,

knev. A. Oppeohoini.

I

11.11

I.usk.

fork otBco

1

1

do
do
do
do
do

1,059,000
4,000,000

1942

1 .

do
July
8av.Hk.,Chlo Feb.

7 In 1907 A.

48,3-

May

.I'm- 07, '03,

do
do

New

g

190 1
Various, 1906

J'ne J7,

do

g.

owne d bj

2,200,000 All
2,090.000

v Tr.

N.Y..J.P.
do
do
do
do
do

1902 J
6

in

London or New York,

Setnl an

L.

1897 600.9M
100
100
1874
1,000
1875
1,000
1878
1,000
1879
1,000

.

•

50

10,500,000
5,000,000 4
3,000,000

63>3%

London, K

Semi an

5
5

M5

too

Junction Coiumoi] -took
:
1-1 M.. $2,500,000, g...0'Ar 27 4'8
Ohio. Hum A Weal
C7i<. Mfltr .f .St. I'unl
Common stock
riiuiiilatlve.
lv. not
Preferred stock7
1,435
vertlble into pref
Prior lien
F.c* 1,435
Oons<d. mort., oonr. Into pref. -lock

W, Dlv. let

-

Qua 4 ST.

1

H.

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

uu

paid, j
5 g.

j

1

905.808
8,558.787

100

Div., Ohio, to tod-, gold

1. 1.1

refunding mort.. *10,30O,OO0.

-

l.ooo

1902

1

CoMtWills 0OD BtOOk
Preferred, 4 peroent,non cum.,95,ooo,ooo
L.N.A.A-i'., 1st Main Line.
N.A.. to Mich. city..
I ndinnuji. ,C

Kenson A Co. July 15/03,3%

J

if

rit'-t

11,372,400 5 In 19

Various
Various

runs II LTKOIS

OhiCUffO </ liutuini
Ohic. Ind. <f last 1st

4

I

100
100
100

Preferred stork I
per cent, gold
Pref. stock B, 4 per rent 910,000,00
Common rtook, *~«o,ooo,ooo
-.19 (no moi
Sterling 5-year do
HtiTlIng 5 year notes (110 mortgage) red. ut 101
(lold noteimin Hi,
OMr. Hammond <t WetT

»

New

.

'>ON. liil.itllH.)

llanimond A W. Hit.—See Ciiicaoo Junction Rt.
Chicago Indiana A Kuntern Ity.—Owns Converse, Ind.,
Olkleagro

tr

l.j miles, completed
Dec, 1900.
Stock was lnoreased In Oot., 1902, from $125,000 to $1. 000,000. Of
the bonds (.f 1,000,000 authorised) 9500,000 it
for futurerequirements.
A sinking fund, beginning 1907, will retire bonds
yearly.
In year ending Mar 31, 1902, gross earnli
898
18: net

Munoie, 43 miles, of whloh Matthews to Muncle,

In

1

over taxes, $36,752 Pres., 11
Clarence A Knight, Chicago, HLs Sec..
Ind.

V. 71, p. 986; V.

77),

thews, Ind.;
. I.

II

.

Miller.

Ottlce,

vloe-Prea.,

Matthews,

p 848.)

—

Chicago Indianapolis &. Louisville Ity.— (See Map.) updates the •'Monon Route" from OhioagO, 111., vla.Monon, I ml., to Indianapolis, Ind., and Louisville, K v., with branches. The system Includes :
Lxnt* ownea

—

JRlea,

Indlana8tat«LlnetoIndlanap.l62
New Albany to Michigan City .289
Bedford to Swltz City
40
Orleans to Fr. Lick Springs
18

<>/>er. under contract—
Chicago to Ind. Stato Line

I

|

New Albany to

j

Connection

Miici.

20
€

Louisville

In Indianapolis
ClearOeekto
l-ii'*.Ind.

1

SwlU

I

Ham.

City to west of Linton...

3
9*

10

1

1

1

;

I

.

-

;

RR

I

1

.

W

.

I".

I'.

Omaha, and west.-rlv to Sioux City, a total
two branches were transferred, the Mason City A Ft Dodge
extending the lines of the M
It. D

to

in 1902 3
Jtaitu-

••)

.

W. main Hue. V. 77. p fill.
Wisconsin lilnnesots a I'ihic RR., Red Wing, Minn., to Mankato,
94 miles, In 1901 Durohased imiuth Red Wing A Bo. and the Winona .v
Western, making 340 miles then owned, and built a 37-alle oonneot
tngllnk. Both of the roads are operated 'or 100 \e.ir- under agreeto the

l\

'.

(i.

lated Apr.

1.

1901. the chic

West

(it

m bond- and
\

.

73.

receiving their entire

o-

V. 74. p 93; V. 76, p
966, 793,
mn.js. - 9 mo-., >1903
ilro«, ,*l.tll.l.
p,

BJ
July

to Aiu-. 31.

l

Kki-okt-

(1803

Grot

K,.port for 190J-03 In \

.

77.
7

1903.

Trar ending June 30.
Gross earnings,

net,

803,111

.

,:i;

L8O0

8

I

1

'

.

r\

man.

.

u

A.

H

all of St.

Paul, Minn.

Oppeuhelm;
Barnard; Auditor, C. O. Kal

Stlckney:

C. Wight: Treasurer, K. o.

at Louisville, Ky.

V. 71. p. 599.

History.—Successor July 1, 1897, of the Louisville New Albany Av
Chicago Ry., foreclosed per plan In V. 63, p. 922.
In Oct., 1902, the suit attacking the legality of the foreclosure was
settled

V. 75, p. 1031.

In Aug., 1902, the Louisville & Nashville and Southern Ry. aoaulred 93 n. 0. of $10.500.000 common an 1 77 p. c. of $5,000,000 preferred BtOOK, on The li.i-l- of £7* and *'Jo per $100 share, respectively,
in thelrjolot 50-year 4 per cent collateral trust gold bonds at par, secured by the stock aoqulred, llX-tonthS of Hi* purchase price l>elng
payable optionally In cash. .-<ce description of bonds under Louisville
* Nashville. V.71, p. 1088, 1189; V 75, p. 38.
Dividends.—On pref.. 1889, 1 p CtOct. 1900. to June, 1903. lyoth
Inclusive, 4 p. c. per annum. First dividend on common, 1 p. c, May
39, 1903; Jan. 29, 1903. l'i p. Cj June 37, 1 M p. o.
BOB os. -Refunding mortgage covers roed, equipment, etc. (Inoludlnt
$1,000,000 stock of Ch. A. W. Ind and 00k of the Belt
Ky of Chicago)
total authorized issue is $15,000,000, of whloh
reserved to take up existing divisional bonds at maturity, $5,300,000;
ied only for betterments and equipment, not to exceed $300,000 In any one year, $2,091,000, of the latter of which $1,233,000 had
been Issued to Aug. 31, 1902. Uf the Consolidated Stone bond*
!?27io.oo aiithorizi
-i.OOO are subjeot to call yearly, Jan.,
L8O8 to 1908, Inclusive, and the balance Jan. 1, 1907. v. 7i, p. 41.
Finances.— See statement to N. Y. Stock Exchange In July, 1897,
V 66, p. 194, and "History" above.
I.akmm.s. -2 mos., / 1903
Qroea, 9874.531; net,$«09,ll$
July 1 to Aug. 31. 11903
(iross. 848,516; net, 3-".,
4JDT1 vi. KKi'OKT.— In V. 77, p. 764, showed
1'ear end. June 30— 1903(3.
1901-02.
1900-01.
1899-00\
Orossearnlngs
$5,066,131
94,681,158 94,150,470 $4, 177,886Net earnlnifs
1,919, 773
1,738,024
1,549,683
Dividends received...
155,751
129,448
135,776
109,78T
;

)

:

Total net lnoome. 92,105,524
on bonds
$772, loo
Rentals, eto
221,193

$1,857,472 $1,632,704 $1,659,470
$772,100
$761,950
$771,294
199,197
208, U36
210,83^

Total
Surplus

$996,293
$971,297 $979,930
$972,78^
91,109,231
$652,771
*tH6,681
$886,175
on pref. «
a. 30. 1899. and semiannual dlv. of 2 p. 0. ($100,000
03, inch; 00 oenamon. 1 p.c. ($10
May. 1909 and2>s p, c. in 18
Omoama, Pnaldent and Qeneral Manager.
n MoDoeLOulu
t
r, W. ii,
-etary
Lewis, 198 Custom Housi
Bllton.80 Bnmdway, New York.
'arl. A. T. Frencfc
in, A. J. Thomas (d*
iswav Temple Bowdoln, New Vors: W. II UoDoeK O. B.
-

-l.iT.rhi.

7.823,191
2,184.662
1,330
1,978.346 2,026,814
Rentals (InoL equipment). K
>,818
U0.6O4
lnt«'rest paid
188
147,999
Int. In cash on 4% deb. stk. 1,02
780.610
Dlv. on pref.stook "A". (5%) 568,620 (5)568.620 (5)'ioS,ti20 (">r
Mlscellaueous
Bala,u ,?
sur.7,620 sur 21,031
del. 9,106 sur J
Vet Income

Ofuckks. — President.

556

all

A lease for 999 years with Chicago A Western Indiana (of whose stock
owns $1,000,000) gives entrance to Chloago on a mileage basis.
Owns one-third Interest in Kentucky & Indiana Bridge, having bridge
this 00.

>.oooi

W

.82;

$

Total of

Vlcr-I'r.-..

A.

u{.<:

-IV.

;

?:.

Chicago

.-

.1.
1

Murilock. I.sfnvette.
.'.

W»,

>polts.

Ii

1081, 1146; V.

f

?rt, p.

l.'o;

V.tT.t

Lo.ils short Line lty.-V.77.p. 768.
«
laleajro Junrtlou itallw ay.—Owns and ojnline
around Chicago from Whltinir. Ind
Park. 111., from Chaplii<llaiiH|>. A.SI.

I

.

pell. 111..

-Is.

and

In the

l"

tiects

1

7493

^Ith Industrie- and audiverglni
m., of

wnleh Chic. June

under lea-e. trackage rights and otic agn BB
din March. l-.H,as a consolidation of tha
Rammond A Western and Chicago A Indiana State Line In
the interest of the Chloago Junction Rys. A Union Stocks Yards Co.
1

RAILWAY STOCKS AND BONDS.

1354

[Vol. T.xxvn.

Jones V.,

M,
lTarc<ARiver»

tS^rf Caasopolla

ACO

..

'Bodaoi

jlte Pigeon

<i^f Fayette

.OodMO
1

idfflr--:*^ 1''^*^ BALT
—7
^

-^

\

-

Gilford

H?

Vt

'

Napoleon

tymouOi

_Kn..x

\yXCrossel

Srfim

o

Bol«at<

fWhrnnr
^4

^

n

/

„,„,. r

^FAIR

St/AnncR

I

/V/^

I

.

3 > rmi.

/

V—

flMedar>yi!lo

OAkWV'

Cecil

Claypool

Uupout/

*

Latty

(jelphos

S.Decjatuf'

tibadh

«^

jindlay.

,jj

i

Bluff ton

Ktutony

Cluilimrs _

j

Mhik-tollJO

St.

JK^JN
V^J^X

AahQr.M=

j

'

Kokomb/ov.

/fort&ad
^Bellefontali

-I

«?%

»*-

r

..vM\

Sidney

f/IrgaiUes/

^r fc^

MUfdrd

Ljroy

&

TJ2

\^

\,l/''d

A

MPS- ioJ^J^^Carpeuters

\

\

[Vinua

/ ^W*

Cherry*

/Rldffe^Ule
ipS

Atvae

AyK Crawford*^
VILL
BI

Wapokoneta

artford

LAFAYETTE^T

Z>»nviP

Marys

Dunvillj^s^iii—

ICnightsT.
"^io ±.ji

-

-^6

—V^!

^lirlngfield
oi.
'"^

r-

^.

j./\CaniDrid«e

j

GRFr

^>^

\

^>tn\
9

(*V

«„-.i/^'iiio

lO
/f ,%vA^

/•O 4 //'^
Gu

>\i^^Hor)e/{
3I*/;

•"^a^StA
,.

,j,\v*

,v

U°

'c^

Sh.lliy^C

'

*^^~~^

raji

^~~2>-^
(1

,

"A Spring
Gr

k'V

-

-

J

t»

Jones A
s?.

/

+

ytKr^:ern 2f

uCreeTt

sburgh

.^,
ts^

untinguurg

^

85

Ccntix-villa

A^J

L ^V

'

L ptons

inwooa

I

"^"

ij

'plunlords V.

Jfanur.otA Caviar

^fQlAtgott

Jo.

(Jlamfow

MAP OF THE

CHICAGO,

INDIANAPOLIS
-AM>-

louisville
RAILWAY.

Sr^-^r^

J

RAILWAY stocks ANh BONDS.

Oct.. LOOS.

1355

Subscribe™ will confer a grral favor by giving Immediate notice of anr error .li«. overed In ihmr Tables.
PrlnolINTEREBT OR DH
RAILROADS.
_
.. ,„
„,.
„.
Miles Date Six©, or
pal, U hen Due.
Amount
Ka
I

For explanation of oolumn headings,
on first page of tables.

Chicago Mlhcaitkr*

,c

flt.

see notes _of

..Par
Road. Konds. Value.

-fee,

_

.

419

1886

133

.

395
185

mi

1880
1879

D'T

•

1

1879
IsSO
I860
1MHO
1881

161

not dr*n .. ...
351
chic,
L90
M (Oh. to Kittr.-dgei.F.c*
do West'n It. l-t mort., (see text) gold F 0' 1,117
68
ild.F.0'
A Lake 8uperior Dlv.
230
WIm. ,v Minn. Dlv. 1st mortgage, gold. F
119
Fargo A Houtli.Tii 1st mort., gold, assumed
<••
Oh Mil. A Bt P. Terminal mortgage, gold..
i'59
Southern l«i mortgage, gold F
77
I'
Clilo A Missouri Blver Dlv. 1st mort* ige

Mr, Lai M
a Ph.

.

-

f

.

1881

.

1881
1883
l>x4

F

18.S0
lssr,

1889
1888

M(for$150,0O0.i"
ler. A..Ua.o'Ar 6,782
<• 5,722
126
Mllw. A North'n 1st mort.,8ohwars.toGr. Bay..c*
c 869
Oonaolldated mortgage
aiith.Tr 4,273
Chit. A v. Wsmt. lom
Preferred stock (not cumulative! see taxi
u eon -' M i$12,900,0OO), not dr.F.c 788
Ch.
EUplds A Missouri Rlv.- 1st mort. 8d Dlv
L60
M of is- i, Ce.l Kaplds to Dee Moines River
189
Madison ext. 1st M.. if. (s.f. $23,OOO.not drm F L89
114
im.lneeext.lst MT, g. (s. f. $20.000, not dr.F
62
North w Onion lMt M..g., Mil. t«> l-'ond-du-Lao.F

Gen.

.

I

•

1SS(I

1884

u mow lstl assumed.
l-i mort. ext., gold, land grant, s. f., ass'd.o.F'

860

1

Ooupon

Interest

First

JAJ

registered Q-J.

mortgage of

Fraud- B

H A W.

0.

1,000

1,000
1867
lsTl 100 Ao.
listed,

64,

—

;

.

Lln.-H
•

Bood.
2nd A 3rd tracks

since been greatly extended by the oonatrnotion and eoqulaitton of
ile of the Milwaukee A Northern to the St. Paul was
other
ratified in Beptera
in Mar.. 1908, the Wlsoonsln Western
'• Is.. 51 miles, was
aciuiml, and « 111 be
iy for the present.
V. Til. p. 541.
In Sept , 1903,
purchased 20 miles of Mivlm
tern RR., running
to Morrill. Wis., .1 miles, from a connection with the St. Paul.
preferred stock has a prior right over the
k to a dividend of not over 7 per oent from net earnings In
tied it has no oumulath e rU-M.
After p&j men!
•

on common, hoi

[holders

-is

In April. 1901, and $'.
below.
V. 72. p. i:i7.
[holders voted on Ool
4,
1902,
to Increase
the
ominon stock from $58,183.90i
.1 '">0.
See
Preferred stock- on D.<- 81, 1878, wub 812,374,488; It
p 798
has been increased to present tu-ure* almost entirely by exchange
of convertible bonds for stock, only about *J.9.0O0,00O having been
Issued for other purposes (improvements, etc).
In July, 1903,

100

a.ldltlon.ii sol.

i

in Jan., 1902,

-. e

>

|

'

'or

On common.
On preferred.
in 1903, on

Hen bonds Wl

|

.

*ble.

[-00244245
J77777777

00. '01. '02.

67
7

1903.

7
7

yearly
yearly 7

common.

April, 3 a. c: Oct., 3-u p. c. and "-a p. 0. extra,
for the year. V. 75, P
BORDO. abstracts of some of the older mortgages were published In the Ciikiim. i). V 15, pp 96, 114,144, 313, end V. 48, ]
The following bonds »re eom nrHbU into prrfrrrrrf stork at anv time
within ten days after S dividend shall h.r
£ayable on the preferred Iowa a Dakota Extension 7s ami Ohloago
lllwauk.e a Bt, Paul consols of 1875
The
"t also
vertlble Into preferred within 15 days after dividend ds
convertible bond- were fully described In Chicago it I'oct/ic WttttTH ZHvision, see Si
nrtsWnsM ttrr per ami bonds of 1884 .over terminal property

making

7

i

ral
,/<>,

hundred seres

rr,U

'.'O.CXK),

in

i

i

mim

Chicago and Milwaukee.

of 1889 (see ab-lni. I In V. 18, p. S30) Is for
flitted States Inist Co Of New York, a-*
I

.

and covers the entire raihva\ property and franchlsi
mpany
(therein described) subject to prior dens M below mentioned. The
prior Uen bonds cannot be extended, but will be paid offal maturity.
On June :io. 190.;. the following amounts of general mortgagi
bad been issne.l or were reserved for the purpose Indicated, viz :—
Ann. nut In the hands of the public
$30,500,000
In treasury of the company (unsold) see below
Tot tl reported by the company as outstanding
a for prior liens
$S7,65S,500

Available or eventually to become available tor
provemi nte there beln* Included In this amount the
bonds orlgir illy reserved for prior liens, which nave
since been converted into pref. and common stock
Total authorized

J.

A

g.
g.

6
6

J.
J.
J.

11

1

J.
.1.

amount

dltlonal

s In

Jan.

1,
1,
1.

Jan.

1

July

1921
1921
1921
1924
4

1

1,

l'.llti

July

1.

1986

1,

1989
19 8*9
1H 10

1,

do

June
June

1,
1,

1918

,Oo.'sOffloe,52Wall July 1903.
do
do
903.

do
do
do
do
do
do
do
do

'.U

1,

Jan.

,Ch.Mll.A8t.P.Ry.

do

1,

July
July

do
do
do
do
do
do
do
do

Pel.

June

1,

Apr.

1.

June
June

1,
1.

Nov.

1,

Deo.

34
2%

1915
1916
1909
1911
1911
1917
1907
1916

1,
1,

1,

treasury, see text.

•

i

I

I
'

.

I

I

i

1

'.

-

pref

198.181

(7>

Balance, surplus
$3,050,996
kks.— Chairman. Roswell Miller. 30 Broad B treat, Hew York;
nt. Albert J.
Barling, Chicago; Trea-urer, F. O. Ranney,
Chicago; Secretary, E. W. Adams, Milwaukee.
Director".- Hoswall Miller. New York; A. J. Knrllng, CToIcjibo: K
rank s. U ni. Joseuh M IIJ. Ogden Armour, Chicago;
I-

speiioer,
N

kness, Uebry H. Rosen New Vork,
-well Miller, A. J. BarllDR, Peter lo.ide*. WIlliHm

•or.

New York Dilice-30 Hroa<lC8t.— (V. 76, p. 1191; V. 77. p. 349, 626,
896. 823.)
hi. n-o A North. Paclllc Hit.—Clilcago Terminal Transfer RR.
Chicago A North Woicrii Ity.— (See Map.)—Operates an Important rrrtem of roads uniting Chicago, 111., with Omaha, Ni
Paul Minn., with the great wheat belts of Dakota. Nebraska,
with the mining regions of Michigan and the Black Hills, including—
Road oirncd m fee—
Miles.
Main lines, eto
38
7,248 Sundry trackage
t flock ortud—
Princeton A Western
7.365
Total June 1, 1903
16
8t. Paul Kastern Grand Trunk
797
k
i

:

>

(leased)

„„.» . M De
-5'.»*S,0W

Pue Ladd A EssL

Ac—

60
(leased)

3

I

i

r<jr
.

mtctft
St.

naha

otrtird

—

Paul Minneapolis
1,600

A Vanderbllt line (V. 75. p. 1086) organized In 1859.
In July, 1884, the capital stock of the Pre uont Elkhorn A Mo.
Valley was acquired, and in Feb., 1903, the road was absorbed.
Histort,

$150,000,000

1

i

I

m..r',/,/, ; ,

to the

A
A
A

1868

1920
1920
1910

1,

The $34,396,000 outstanding Include $6,000,000 Issued to pay for
178 miles of sundry small branches on which the general mortgage Is
Hen, and to retire the $2,500,000 tlrst mortga
Chicago Kvanston A Lake Superior Ry., a Chicago suburban road,
.iioo Issued to replace prior bonds paid and canceled and $19,070.000 for additions to property.
UBNERAi. fiNANCBS,
Capitalization per mile of road June 30,
1903: Stook. $15,8 18; bonds. 818.519; interest
In Oct., 1902, made a tratlle agreement with the Union Padtlo RR.,
terminable on notice, for through p
id freight service from
IhlOMU to the Pacific coast. V. 7 ... p ^48,1301; V. 7b, p. 10 1.
In Apr., 1901, stockholders subscribed tonew stock at
par. the pi<
ds to reimburse the com). any for 3ol miles of new road
built during the past two years, and provide for Kansas City out-ofl
and other necessary new construction, to cost 84,860,006, and In
Jan., 1902. $2,362,100 additional common ntock was sold to pay In par
for 368 miles of new road, equipments and Improvements, v. 72. p.
437,935; V. 74, p. 378. In Oct., 1902, the rate of dividend on ooininon was increased to 7 per cent.
The funded debt was Increased during the year 1902 03 by x
of $133,000 of general mortgage bonds and was di
81,175,000 by underlying bonds retired and oanceled of the latter, 8 1,043 ,•
000 were converted Into preferred stook. Of the funded debt there
was in the treasury June 30,1903, $5,141,000 (agalnsl $".,011,000
June 30, 1902), of which $3,896,000 was general mortgage 3-«*s and
$159,000 gen. M. 4s. During 1900-01 $4,000,000 of the general 3>«S
and $100,000 general 4s were sold. V. 71, p 1119; V. 7<, p. 563.
Averaire frelirht train-load In 1902-03 was 244 tons; rate per
mile, 0*865o.; In 1901-2 train-load. 254 tons; rate per ton perm, o 9400.
KAR>tiN08.-2mos , ) 1903
Gross, $8,337,604; net, $3,094,926
July 1 to Aug. 31. U902
Gross, 7,625,466; net, 2,893,698
Annual Rki-ort.— Plsoal year ends June 30. Annual meeting is
held In September. Report for 1902-03 was given In V. 77, p 693. 8ee
also editorial, p. 734. In 1902-O3, of 21,304.638 tons of freight carried, grain furnished 21 p. c; other agricultural products 2 p. c; coal
ami coke l p. .; lumber, 8 p. c; other forest products, 10 p. c, and
miscellaneous, 45 p. o.
1900-01.
1902-03.
1901 02.
Aver, miles operated June 30.
6,512
6.647
Passenger earnings
7,939, 216
$9,5-12.201
Freight earnings
39.516.812
34,797.045
r1,357.992
3.071,804
Mall, express, Ac, earns
3.177 346
3,823.491
Total earnings
$42,369,012
$47,662,737 $45,61
Maintenance of way
$6,505,864
$7,219,136
$7,317 048
Malnt, cars and engines
3.363.596
3,S93,«3.l
8,024,735
13,932.064
rransportatlon, gen. exp., etc.. 16,829,796
14,881,685
Taxes
1,400,161
1,403,643
1,470,187
Renewal account
1,185,000
1,105,000
2,475,000
Additional equipment.
1,11
-I
Miscellaneous
952.309
Total expenses
7,503
$31,598,174 $30,
Net earnings
$14,391,509
$16,064,563 $15,4
Other lnoome
510,031
174,683
434.315
Total net Income,
14
616,674,59
i.()35
Interest on debt, eto
6,210,086
6,101.885
Balance for dividends.
3,157
$9,640,458
830,478,358
Dlv. on common
(7>$4.072.873(7)?4.072.873 (6)$3,0£

p. c.

:

The

J.
J.
J.
J.

1,
l.

I

Mile*.

|

.

J.
J.

J.

J

1,

1

I

and

A

do
do
do
do
do
do
do
do
do
do
do

July
July

1910
1910
1910
1919

1,

;

owned (of which 26
6,6s2 Trackage (lnclud. 8d track)... 169
owned jointly)
.ry, Ac— The Milwaukee A 8t. Paul RR. Co. was orgnnlied M«f
,m on Feb. 11, 1874, took Its present name. The system lias

I

g.

gg.

A*

J.

do
do
do
do
do
do
do
do
do
do
do

1,

•

1

I

J

.V

1.

Jan.
July
Jan.

Ac—

.

Milr».

4
3**

I

Jan
July

a first

I

BMML

I

*
5

J

St.

J. Baa-soa, i„e mggt-aaon.
J.
Hike 30HroadBt.

J.

ggg.

30 Broad
do
do
do

do
do
do

Stocks— Last
Dividend.

I

for $2,500,000 (trustee, E.

Is

p.

;

Ad

se.

287.
Boding Dec. 31. 1902, gross, $2,030,817; net,
.ther Income, 843,789;
charge-, 8668(589; dh ld< mis
8188,666; surplus, 881,899.— (V. 67. i>. 1868] Y.cs.p. 326).
< lil< nir<> HiiIhiiih/
V sa-liij«\\ It y. Owns 55 miles. Pavilion
to u
ii.ury. Mull,
stock, common. $2,000,000; preferred. $450,000; outstanding, common, $675,000; pref.. $271,000; pur of shares,
6100 The tirnt mortgage is for $225,000 to Union Vrul Do, of Detroit,
as trustee bonda ail in treaenrj
current accounts Jan. 1 190J
In 1901, gross, 884,348; net, 825,715; Int. on debt. $9,907;
836.
dividends, $6,266. President, James II Dewing; Treas. and Secy. H. C.
Potter, Kiil.uiuizoo. Mich. -(V. 61. p. 1063.)
< hl<ii:o
I, ulie shore A llaxtcrn It y.— Embraces 159*04 miles
of truck, coniiectiiik: the various works of the Illinois Steel Company at
Obioego, Jollel and Milwaukee with diverging trunk lines, and alao
with steamship lines, stone auarries, Industrial establishments, etc.;
also b
rights over 149*54 miles of roads reaches the ooal
fields of Illim.N and Indiana and Jollet, 111., handling between South
Chlcag
krge traffic for the Illinois steel Co. The
stock, $600,000, und the bonded debt ($3,230,000) are owned by the
Steel Co., and tlius controlled by United States Steel Corp.
K<|uipmcnt. Dee. 31, 1899: locomotives, 54; freight cars, 3,077;
cabooM.s, 11; steam wrecker, 1.— (V. 64, p. 422; V. 67, p. 428. 483).
Chicago Milwaukee A St. Faiil ICy.— Operates from Chi
cago west<^rl^' to SU Paul. Minneapolis and Lake Superior. Omaha,
Neb., and Kansas, city. Mo., with lines, traversing Illinois, Iowa,
Missouri. Michigan, Wisconsin. Minnesota and the Dakotas, viz.:
V

6

6
»
5
5

A
A
A
A

J
J.
J.
J.
J.

7
6

J.
J.
J.

A

J.

5

500

A

J.

7

'.

.00 Ao.
1872 500 Ao.

>t

A

A D. N.y
A D.
10,787 71nl903 J. A J. N.Y
T>,120 i In 1903 Q.^L
J. OOO
<*.7
i'J.OOO
M. A N.
7
769,000
J. A 1).
7
b 2,977,500
7g. A. A ().
c 2.516,500
7g. !j. A D.
d 3.365.0OO
7 g. H i H.
1. 592,000
M. A N.
7
k 4,038,500
7 g. J. A D.

.00 Ac.

139
184

6
5
8

1. lOti,

1884
1H71 500 Ao.

a [Deluding July. mo:!. 83,896,000 In treasury and n
'

500

100
100

i

Ht. I'eter _.. in...

6,67
2,5"

2,17'.»,000
1,000
7,000
1,000
3,000,000
1,000
25,340,000
1,660
o.OOO
1,000
1.0O0
4,755,000
1,000
1,000
4,71
1,000
2,856,000
-3.000
1,000
1,000 •24.000.000
1.0O0 • 10,396.000
1,000
2,155,000
1,000

.

AN

11..M.S

Whom.

87,432,000
2,846,666

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

I

Winona A

Where Payable, and by

Outstanding

Paul— (OoncFd)—

MlnneHota 1)1 v. 1st mortgage
F.e*
Mineral Point Division 1st u
F o*
Hast. ADak. Dlv ,.Tt,l«t M. ($990 OOO Ssi.l'.c*
LHcriwHd ,v Dav. >i v lit mortgage
K
Wise Val kill" l-'M .. ToinalitoMiTTlll, WU.C
Wis Val. Dlv. 1st M. s. f., not .lrn
NB.o*

Ho.

Dut.

of_

—

RAILWAY STOCKS AND BONDS.

1356
RAILROADS.

„.,
^ „ a
Miles Date 81ze, or
Par
column headings, Ac, see notes of
of
Road. Bonds Value.
on first page of tables.

For explanation
Chicmgo

<fc

BoiuU frmolINTEREST OR DIVIDENDS.
pal.When Dae.
When Where Payable, and by Stocks— Last

,

of

Vol. lxxvii.

Amount

Rate per

nntj>tJiiidino

Cent

*•

Whom.

Payable

Dividend.

,

Western— (Continued) —

Iforth

Plain view RR. and Minn. Val. 1st mortgages
Rooh. A No. Minn. 1st mort., guar, (assumed)
Dak. C. 1st M., gu. (Watert'n to Redtleld, 8. D.)F
Dak.C.lst M.on So'east Div. (to Uawarden) gu. I' n

Menominee River 1st M., two series (assumed) F
MIL A Mad. 1st M., Mil. to Madison (assumed)Fo'
.

Chicago A Tomah 1st mort, guar, (assumed) F >
Chicago Milwaukee A N.W. construe do
.F)
Dee Moines A Minn. 1st M.,Des M. to Jewell Jo. PAc
Ottum.C.F.A8t.P.lstM. ($25,000 p.m.), gu. I n
No. 111. 1st M. ($20,000 p. mile), assumed In r
MIL L. 8h. A W., Consol. M. (now 1st) gold.Ce.o*
.

<

1878
1878
1882
1882

24
71
125

. .

.

/

Un

,

Coupon lnteiest M. A N.; registered Q. F.
Princeton A North., 1st M., $2,100,000, g.F.c*<fer
Peoria A Northw 1st M., $2,125,000. g.F..o*<fer
Sioux (Itv A Pac 1st M., g., $4,000,000 F.Q'&r

1891

1884
1891
1886
1897
1898
1899
1899
1900

6
6
7
6
6
6

2,000,000
560,000
1,600,000
1,528,000
e 601,000
600.0O0
1,600,000
1,500,000
5,000,000
1,281,000
1,000,000
436,000
4,148,000
500,000

1880
1,000
51880
1889
1882
1,000
1884
1,000
1885
1,000
1881
1,000
1884
1,000
1885
1,000
1887
1,000
1889
1,000
1881
1,000
1892
1,000
1879 ,OOOAo

Mich. Dlv. 1st mort. (for $3,000,000), g. <v c
Ce.c'
Ashland Division 1st mortgage, gold
Deben. (see text) sec. by mort of '89, g. Oe.0*
Ext. A Imp.M.for $5,000,000,g., s.f not dr.Ce.e*
r
Income bonds (not cum.)
*40
oMarsh. Ex. 1st M.$600,000($15,000 p.m.).
OUkN.W.s.f.bd8or79($15,0O0p.m.)r d.atl05.FcAr 1,041
o\fcr
Sinking fund debentures. 1933 Un
o*<tr
25- year debentures lln
o*4r
-Chicago A No. W. 30-year deb. In
Exten. 4s. $20,000,000 ($20,000 p. ni.l.Uncfcr
0«n'l gold bond, mort., $165,000.000. Vn. .o**r
90
Boyer Val. Ry., 1st M., „ $16,000 per m.P.c*4r
Minn. & la. Ry.. 1st M., g., $16,000 per iu.Po-.fcr 119
26
Mankato & New Ulm, IstM., g., $416,000 P.o\tr
56
Southern Iowa, 1st mort.. $1,120,000, g F o*&r

7

7

a 1,007,000

31 •76-'80

82
152
57
64
76
413
82
40
693
693

8eml-an N.Y.,Co.'sOffioe,52Wall
1908
M. A 8.
do
do
Sept. 1, 1908
M. A 8.
do
do
Sept. 1, 1907
M. A N.
do
do
Nov. 1, 1907
J. A J.
do
do
July 1, 1906
M. A H.
do
do
Sept 1, 1905
M. A N\
do
do
Nov. 1, 1905
M. A N.
do
do
Nov. 1, 1908
F. A A.
do
7
do
Feb. 1, 1907
M. A H.
do
Mch. 1, 1909
5
do
M. A H.
Men. 1, 1910
5
do
do
May 1, 1921
6g. M. A N
do
do
do
July 1, 1924
do
6g. J. A J.
A
Mch. 1, 1925
do
do
6 g.
A
Feb. 1, 1907
do
do
5gA
Feb. 1, 1929
do
do
5 g.
A
May 1, 1911
do
6
do
A
5
do
do
Oct. 1, l'*22
A
do
do
Oct. 1, 1929
5 A6
A
do
May 1, 1938
5
do
A
do
Nov. 1. 1909
5
do
A15AO
do
Apr. 15, 1921
5
do
F15AA
Aug. 15, 1926
4
do
ao
do
Nov. 1, 1987
do
3»sg.
f
3i«g.
J. A D
do
do
Deo. 1, 1923
do
do
June 1, 1924
3<sg. J. A D
3i«g.
A. A O.
do
Oot. 1, 1929
do
3iflg.
M. A 8,
Sept. 1, 1925
do
do

$250,000
2O0.0O0
|

400.000
12,590,000
9,800,000
,0006«
,000Ac f 5,369,000
,000Ac g 9,819,000
,OOOAo hl7489,000
,OOOAo ml9965000
000 Ac
J ,440,000
000 Ac
1,904,000
"416,000
1,000
,000Ac N'neJune'03

IT

,

.

1901 l.OOOAo nl ,940.000
1901 1,000 Ao
2,125.000
1901 l.OOOAo
3.926.000

105
85
125

Chicago A North Western Ry.— (Concluded.)
Ite securities, except those held by Chic A N. W.. are In table
above. V. 75, p. 514, 516 On June 30. 1901, purchased Sioux
Cn v A Pacific RR. at Government sale. V. 72, p. 721, 1236; V. 73,
p. 444; V. 75. p. 446.)
In December, 1891, the Milwaukee Lake Shore A Western RR. was
bought by an exchange

of stock. See V. 57, p. 375; V, 56, p. 792.
In 1900 various proprietary roads were purchased and in 1900
to 1902 others built lu the Interest of the C. A N. W. were absorbed.
V. 71, p. 291, 294; V. 73, p. 294, 1010; V. 75, p. 446.
Capital Btock. Of the common stook $2,333,688, and preferred
$3,835 remained in the oo's treasury In June, 1903. Pref. stock has a
prloi right to 7 p. c; then common 7 p. c; then preferred 3 per cent;
lor
m
den common 3 per cent; then both classes share.
The stockholders voted on February 10, 1903. to increase the
authorized common stock from $41,448,366 to $77,601,045 (making
the entire stock $100,000,000). See General Finances below. V.7o,

—

1 146; V. 77, p. 516.
consolidated sinking fund bonds of 1915 have voting power.
'84. '85. '86to'93. '94. '95. '96to'99. '00. '01. 1902. 1903.
Common.. 7 6»a 6 yearly. 3 4 5 yearly 6
6
7
7
Preferred 8 7»a
Below. Below.
7 yearly
In 1902, on common, Jan., 3 p. o; July, 3 p. o. and I p. o. extra; in
1903, 7 p. o. On pref., Jan., 13i p. c; April, 13i p. c, July, 1 % p. o. and
1 p. o. extra; Oct., 2 p. c; in 1903. 8 p. c. (paid Q -J.) The extra dividends oil d o. each on the stocks In July, 1902, inoreased the rate
for the fiscal year 1901-2 to 7 and 8 p. o. on the common and preferred
stocks, respectively. V. 74, p. 1194.
Bonds.— General Mortgage.
Abstract in V. 65, p. 1175.
The authorized issue is $165,000,000 (United States Trust Co., trustee)
fT131,645,000 were reserved to retire underlying bonds, and remainder
Dor additions and improvements, $4,000,000 at once and $1,000,000
a year thereafter. V.65,p. 1070. V. 65, p. 69, 111, 571 V.75, p.980.
The sinking fund bonds of 1879 are secured by deposit In trust
of $ 15,000,000 of 1st mortgage bonds at $15,000 per mile on subsidiary lines, the most Important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $5,753,000 are 6s;
the sinking fund is at least 1 per cent of outstanding bonds, which
•re subject to call at 105; and through its operation the amount
outstanding has been reduced from $15,000,000 to the figure in table.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they oan be redeemed at 105. See description of all the
debentures on page 2, Supplement of April, 1895.
The extension bonds of 1886 are secured by deposit in trust of first
anortgage bonds at a rate not exceeding $20,000 per mile. Included in
the collateral June 1. 1903, were $10,675,000 Fremont Elk Horn A Mo.
Valley lsts and $2,560,000 lsts Wyoming Central lsts [consolidated
with F. E. A M. V.]. etc. See P. E. A M. V. bonds below.
The Fremont Elkhorn dk Missouri Valley consols have a flrst Hen on
1,170 miles (Fremont. Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, Ac, 613 miles), but besides the amount
of l«*u« given as outHtanding in the table $13,235,000 are held as part
collateral for Chicago A Northwestern extension bonds of 1886.
The Boyer Valley Minnesota A Iowa, Boone Cosnty Mankato A New
Urm. MiniD'Miia A South Dakota and Iowa Minnesota A Northwestern
bonds were assumed In Jane 1900, the roads being absorbed upon
oompletion; also in 1901 the Southern Iowa the Peoria A Northwestern and the Princeton A- Northwestern and the Sioux City & Paclrio
Mee description of Its bonds V. 73, p. 444.1159). See V. 71, p. 28,
391, 294, 840; V. 73, p. 2<I4, 1010.
Okneral Financkh .-The Hi st Issue of ($20,538,000) refunding bonds
at 3>« per cent Interest was Mild to provide for $18,187,000 old bonds
maturing up to Dec. 1, 1902. Bee "Bonds" above and V. 88, p. 69. Ill;
V. 76, p ir.7. The annual saving of Interest on bonds refunded to
May 81. 1908, wa
Stockholders In Icb., 1908, subscribed to 89,226,110 new common
stock at par to the extent of 16 i>. <. of their In IdlngB, raising the
amount outstanding to $im,:u<>,ooo. V. 75, p. 1085, 11*6.
In 1902-03 the average freight train-load was 2.'U tons, against
340 tons In 1901-02; rate per ton per mile, 0*87 of a cent.
Kai an
8 moa. ending Aug. 81: oross, $14.406.«77 ton 7,3571/nl'"-) in 1908, ngalntt $13,197,268 (on 5.876 miles) in li 02.
Ajihual Report.— Fiscal year ends May 81. The annual meeting la
held the tlrst Thursday In June The report for l'.MI2-o:i was given
At length in v 77, p, 19, 608, 51 i. Including Fremonl Blkborn A Mo.
ey. 1 .372 miles, from Feb. 16, 1908. Bee alio editorial, p
Of the freight carried In U»oo (total 25,
on-, fur
I),
ted 28 per oent; lumber and logs, 15 per oent; grain, Hour and mill
te, 18 per oent; other agricultural and dairy prodnete, 3 per. oent)
and coke, L5 per oent; metala ami machinery, 6 per oeni
1<[» r cut. Lire atook, -i per oent; mleoeL, 17p
1, brick,

p. 10*5,

The

Divid—

;

1

1

1

,

K—rending May 31,

Avwage inilcH.o|.er.
Paaaongcr earns.
•xelghi
Mall.

...

1902
r.,7<;o
8.882
812,036.277 f 10,886, 189
85.171,064 88.436,892
tin
2,321.091

Total earnings... $49,842,7
©per.exp. A taxea
83,260,118

Mot earn lugs.

i»00
5.507
89,718,191
31,804,945
2,016,451

5.218
89,002,688
32
1,939,488

J

3^*.

M.

3»u

F.

g.

A
A

A.

80,006,643

27,229,998

26,994,018

Jan.

Mch.

Aug

1.
1,
1,

1926
1926
1936

;

;

—

St. Loulu Ry.— Road.—Owns from Pekln
180 miles; Madison to Bridge Juno., 3 in.;
(11., 42 in. branch, Lookhaven to Grafton, 8 m.;
owned, 233 m.; trackage, Pekin to Peoria. 10 m.; Granite City,

Chicago Peoria A
c ramie

to

City,

111.,

Havana to Jacksonville,
total

;

to Merchants' Junction, 3 m.; lnSpringtleld, l^ra.: Madison, 111.,
to St. Louis Station, 7^ miles. Owns majority of stook of and operates
Litchfield
Madison Ry., Litchfield Jet. to Madison, 44 m.; trackage,
St L. Jet. to Lltchiield, 1 m.; total 300 miles.
J.
Reorganization of Chicago Peoria A St. L. RR.and St L. Chic A 8t.
Paul Ry., sold In foreclosure Jan. 8, 1900, per plan in vol. 68, p. 722.
Bonds.— Of the $2,000,000 prior lien 4^8 (City Trust Co. of N. T.,
trustee), $500,000 are reserved for future extensions. Improvements,
Madison guaranteed 1st 5s ($750,000 authoretc. Of the Litchfield
ized Issue), $600,000 will be used at present for Improvements and
building a spur to Staunton, 111. V. 77, p. 147. Stock, com., $3,600,111.,

&

&

&

000; pref.. $3,750,000.

Earnings— For 2 months ending Aug. 31, 1903, gross, $266,242
against $232,767 in 1902.
Report for year to June 30, 1902, In V. 70. (p. 431. In 1902-03,
gross, $1,710,171; net, $393,647; total deductions, $308,345; balance, surplus, $85,302. President, Charles E. Kimball. New York;
Secretary and Treasurer, Ralph Blalsaell, Springfield. 111.; Asst. Seo.
and Asst.

Treas., T. C.

Wellman,

New

York.-(V. 76,

p.

43

1

;

V. 77, p.

146.)

Chicago Rock Inland

A

Pacific Railroad. —Incorporated

In

31, 1902, as an operating company, per plan V. 75, p.
239, to take over th» Chic R. I. A Pac liaihray The entire capital
stook ($145,000,000) is owned by the Kock Island (holding) Company,
but Its bonds (see above) are held by the public
Bonds.—The collateral trust 4s of 1902 (authorized issue $75. 000,000) are secured by a pledge with the trustee of an equal amount
of the stock of the 0. R. I. & P. Railway as acquired. In June, 1903,
$69,557,400 of the $74,817,100 Huitxcay stock bad been acquired.
In l9(Ki $10.793,OuO of an authorized Issue of $18,500,000 collateral
trust 5s of 1913 ad been issued with Rock Island Co. stock in payment for $27,9»8,300 of the $30,808,000 St. Louis A San Francisco
com. stock. V. 76, p. 1406. -(V. 76, p. 1084, 1191. 1247. 1 too.)
Pacific Ry .—(See Map Rock Jslond Co.
Chicago Rock Inland

Iowa on July

I

A

pnges 1432 and

Omaha, Neb.,

to

1433J— The system extends from rbioatfO, 111., via
Denver and Colorado Bprlngs, CoL, and via Kansas

Cltv. Mo., to Santa Rosa. New Mex.. there oonnootlu|| »nh ihe lines
of the New Mexico Ry.
Coal Co. and forming with them and the
Southern Pacific a through line to the Paeille coast; also from Tiicumoarl, N. M.. to Memphis. Tenn.. and to Foit Worth. Tex., on the aonth,
find on the north to Minneapolis, Minn, and Watertown. S. Oak., with
numerous branches, viz. (aee V. 75, p. 1156; V. 76, p. 751
Controlled— Oper. Separately—
Miles.
Lines owned—
Miles.
Chic, 111., to Council BlufTs, la. 500

A

Daveno't,

Elwood

to

la.,

to Atch'n,

Texhoma,

O.

Kan.

T

IIerlngUni,Kau.,toTerral,I.T.
Horton, Kan., to Koswell.Col.
Gowrle to Sibley, la

Branches

341
494
349
569
109
956

Total owned Nov. 1, 1902.. 3,3 18
Which see.)
Leased, etc.
47
11
Peoria A Bureau Valley
162
Keokuk A Des Moines
li
lies Moines A- Fort DodgO. '
lil.Mlw
Hurl Cod Rap. .v Nor
Kock [aland m Peoria
120
j

—^

1

Choctaw Oklahoma

.V

•

Chicago

Ok la.

R

A

I

line to

Texhoma,

N M. line
Terra] to Ft
KI
Ch. H.
.v
Ni u Mi v 1. ..
Banta Boaa,
I

Trackage

to
1.

Tex.—
Tex.—

Worth, eto...

92
123

Paso. TexasBtate liue to

n

m

Kansas

111
City,

Kan., Henver,

Col., Pueblo, col., etc

338

Total lines Nov., 1902. ..7,033
V ndt r c ii IffttCl fin
Bt Loola KmiH, city ,v col... H 294
Oilier mileage

730

ibout) 8,057
Total system Nov., 1908, ml. projected mil.
in a pi ii, 90S, the greater part of the atock of the Oboo taw Oklahoma
(iulf KK., Including Choctaw .v Northern, etc.. l,07il mUes In all
Set below, also that eomi.:iny and V. 74, p. 775, 1354.
1

A

Gulf.

A marl llo, Tex. 130

O. T., to

I

Oulf 1)1,076
1

-2.668 $16,638,479 $15,868,589 $15,9.r)(i,7'.»2

do
do
do

do
do
do

J.
8.

A

lfOl.
1903.
1900.
1902.|
P. o. exp. to earnings (66-73)
(6433)
(6318)
(6285)
Total net receipts... .$17,159,748 $17,215,559 $16,445,669 $16,486,582
Net int. on debt.
$6,540,170 $6,406,038 $6,324,752 $6,069,384
Sinking fund, etc....
230,316
355,640
234,695
299,630
Dlv. on common
(7)3,060,414|(7)2,737,868 (6)2,346,744 (6)2,346,744
Div. on preferred... (8)1,791.600 (8)1,791,51*8 (7)1,567,650 (7)1,567,650
Real est., const., Ac. 5,013.418
4.697,055
4,169.526
4,542,04 1
Balance, surplus....
$523,830 $1,348,305 $1,737,367 $1,605,121
The Fremont Elkhorn & Missouri Valley, included above from Feb.
16, 1903, earned for the year ending May 31, 1902, gross. $1,689,449;
net, $1,377,065; oharges, $1,043,009; bal., sur., £334,056.
Officers.— President, Marvin Hughitt. Chicago; Vioe-President and
Secretary, E. E. Osborn, 52 Wall St.. New York 2d Vioe-President,
M. M. Kirkman, Chicago Treas. and Asst. Sec , 8. O. Howe, New York.
Directors.— W. K. VHnderbllt, F. \V. Vanderbdt, H. McK. Twoinbly. Samuel
V. larger, Chauncev M. Depew. James Stlllman, James C. Fargo, Krsnk Work,
N. Y.; Albert Keep, lI.Rke Geneva. Wis.: Marvin Huithiit. Byron L.
Cyras H. Mo< o-mlck, Marshall Field, Chicago; U. C. Ki ick. Pillaburg. Pa.; David
P. Km bull, Oliver Ames, Bosion: Zenas Crane, Daltou. Maas.
(V. 76, p. 704, 1245, 1247; V. 77. 449, 508, 514.)

•

See

3>« g.

o.
i..
1

903.

RAILWAY stocks AND BONDS.
i

357

C
.

RAILWAY STOCKS AND BONDS.

1358
RAILROADS.
on

tirst

Date 81m or

Miles

For explanation of column headings,

Ac., see notes

page of tables.

Road. Bo°nds Value.

$100
1.0O0
1900
1900 1,000 Ac

6

33
109

1,170
Pram. Kik..v M. v. eons. M. $23,000 p.m..
Chic. Pto. <£ St.L.—Vc. UenM., g..eall at U>7»u.Cl.o*
230
OonsoL m., $2,000,000, g., culled at L08 Col 0" •230
Income If., ir. (text) non cutii .called at par ESC 230
L. A M. 1st M.. red. 05 aft. '07. jr., an., D. S LKC
44
Ch.H.I.tfJ'iic.RR.—Col t M.. $75,000. 000.< t O'Al
0*
Col. tr. M., »l»,r-)00.(i00. g., red. 102U.O
Chic. Hock Julil.A 1'uc.ltu.- Stock $75,000,000)
736
lit M. .Chic. 111., toCouncil Bluffs A br'ch. - I B.i
General mortgage. $100,000,000, gold...«'e.c"Ar 3,128
Col. tr. M..ir.. Ber.fi toP.duevrlv red 101k
Propoeedeonsol. ref. M., $ 50,000,000
Chicago St. L"Ui$ <t New Or/ran»- Sec III. CBMTI

1,000

lsS'li

1900
1,000
1900
1,000
1900
1.000
1903
1,000
1902 1.000AO
1903
1,000
100
1877 l.OOOA-c
1898 l.OOOAc
1902
1,000

1

I

[Vol. lxxyii.

LNTKRE8T OR DIVIDENDS.

Am0Unt

±><>iut.i—

—

$96/00
528,000
3,900,000
7,725,000
1,500.000
2.000,000
2,000,000

7

A.

3»sg.
3»*g.
6

J.

J.

A.

4»sg.

M.

& O New
&

Dne.
Stocks— Last
Dividend.

York, 32 Wall St Oot. 1, '03,3>«
do
Jan. 1, 1935

do
do
do

J.
J.

A
A
A

O.

N.Y.

S.
J.

rrinoi-

pal, When

Rate per When Where Payable, and by
Outstanding
Cent.
Payable
Whom.

£

Worth W+»t&m fConeludxl).—
Sioux City & Pao., pref. stock (1st M. on 6 m.)...
Minn. a Bo. Dakota. 1st M., nold, $528,000. F..C
Iowa Minnesota A: North western 1st M., g.F c"£r

Chicago

1

office,

do
do
52 William.
do

Jan.

1,
1,
1,
1,

Oct.

Mch.

1935
1938
1930
1930
1930
1933
2002
1913

J. &
do
July
July 1,
p er cent when earned.
M. & N. N Y. office, 52 William. May 1,
69.^57,000
Nov. 1,
4 g M. At N. N. Y., First Nat. Bit.
16,793,000
5 g. M .v B. Int. from Sept. 1, 1903. bept. 1,
74,817,100 See text. Quar. New York and Chicago. Oct. 26, '03, 2
12,500,000
6
J. A J.
N. Y., First Nat. Bk.
July 1, 1917
60,581.060
do
do
4g- J. A J.
Jan. 1, 1988
22.095.OO0
New York.
May, 1904-18
4 K- M. & N.

5

g.

Up to 5

600.0<

5 g.

,

I

See text.

18,558.953 6 in 1903 F. & A. N. Y., Office, 52 Wall St. Aug. 20. '03 3
11,259,912 7 in 1903 F. A A.
do
do
iAug.20'03,3 1*
21
1878 500 Ac.
834,800
7
J. A J.
do
do
Jan. 1, 1908
12 1878 500 Ac.
125.000
8
J. A J.
do
do
July 1, 1908
177 1878 500 Ac
1,901.000
do
do
May 1, 1918
6g. M. A N.
607 1879
1,000
6,070,000
A. A O.
do
do
Apr. 1, 1919
80 1880
1,000
700,000
do
J. A J.
do
Jan. 1, 1930
35O.O00
1,000
37 1890
M. A N.
do
5
do
Nov. 1, 1915
1,000
14.012,000
1880
do
6
J. A D.
do
June 1, 1930
O.St-P.M.AO.M., $30,000,000 ($15,000 p.in)Ce.o'
3i*
1880
1,000
2,000.000
Consols Interest reduced
J. A D,
June 1, 1! 30
do
do
391,000
1886
Chic. Term'l Tr. RR — Ch.AOt- W.,lst M., g..ass'd.o*
1,000
8 J. A D. N. Y., Mercantile Trust. June 1, 1936
city of Chicago purchase money mort., assumed
650,000
I
M. A N. To City of Chicago.
May 1, 1938
i',000
Chic. Term. TratisMstM..g.,.$l 6,500.000 lU.0\tr
1897
13,635,000
4g. J. A J. N. Y., Mercantile Trust. July 1, 1947
100
5.000,000
Oct. 1/03,
Chicago <t Western Indiana— Stock (sec text)
Chicago.
6
Q.-J.
82"-*92
1,000
9,700.000
u,.— M. |N. Y.. J.P.Monran A Co. Deo. 1, 1932
General M., gold, sink. fund. sul>J. to call 105. .0*
6 g.
8"
1.000
1902
4 g. J. A J. Ill.Tr AS.Bk.Cliie ANY July 1, 1952
8,195.000
Consol. mortgage. 950,000.000, (told IP.
In addition the sinking nindJune 1, 1S03, held, a. $58.00o; b. $ 172,500; e. $150,500: d, *135.000; .,$149,000; f., $521,000 (and $10,000
$573,000; n $160,000; o $74,000; U Coupon Int. M. A N.; reg. Q.— F. * In
on hand); jr. $181,000; h, $1,143,000; k. $202,500;
sinking funds .Jim e 1, 1902.

Chlcaqo

St. I'nul

Minn.

Omaha

100
100

-Com.

stock..
Pref. stock, non-cum., Including' scrip (see text)
8t. Paul Stillwater* Taylors' Fall* 1st mort. ...c
Hud. A River Falls 1st M., Hudson to River Kails.
Cli. St. P. A Minn. 1st M..g., Kirov to L. st.O.ass'd.o'
ft. P. A Sioux City, 1st M., g.. TlO,000]i.in..Ce.O
No. Wis. 1st M. Lake St. C. to n'rSpi>onerass'd.< '«•(•
BaultBte. Marie A Southwest'n 1st M., assumed, c
«£

i*

,

'

!

m

m

In 1902, also, most of the outstanding stock of the Burlington Cedar
Peoria (which see) were aoNorthern and Rock Island
Rapids
quired, and their roads leased rrom June 1. V. 74, p. 1194, 1250.
As to Des Moines a Fort Dodge RR., see V. 74, p. 1037
In April, 10O2, purchased all the stock and bonds of the St. Louis
Kansas City & Colorado, 8t. Louts to Belle, Mo., and building westerly
to Kansas City, thus forming when completed a line into St. Louis 294
Col., V. 76. p. 15-*.
miles V. 75 p. 665. Bee K. C
Other proposed extensions Include one from Fort Worth to Houston,
Tex., 265 miles; Amanllo, Tex., to Teoumcarl N. M., 125 miles; Ardniore, I. T.. to Dallas, Tex., upwards of 200 miles in Oklahoma, etc;
V. 75, p. 1156. See also V. 75, p. 1398.
History.—The present Chicago Rock Island A Paciflo was a consolidation June 2. 1880. with $50,000,000 stook authorized.
In Juiy, 1903. $69,557,400 of the $75,000,000 capital stook was deposited per plan V. 75, p. 239, each $100 stock being exchanged for the
folio win k- seturit es: $loo in 100-ye*r 4 p. 0. gold bonds of the Chic R. I.
A lac Railroad (of Iowa), the new operating company, and $7o preferred and $100 common stock of the "Rock Isl'd Company" (of New
Jersey), which owns the entire capit <1 stock of the Railroad company.
See also statements of those companies In this Supplement.
Stock.— In July, 1901, stockholders subscribed to $10,000,000
additional stock, raising the amount to $60,000,000. See below. In
1902 the stock was inoreased to $74,8 7,100 by sale of $«,235.500
at par to shareholders, the issue of $5,884 010 to take up Burl. Ced. Rap.
A Nor. anil Rock Island A Peoria minority stock and $2,000,000 to purchase Hie St. Loola Kan. City A Colorado Ry., and by sale of $880,500.
V. 71, p. 1194; V. 75, p. 28.
DP'". ends
)'92A'93 '94 '95 '96 '97 '98 '99 to '02. 1903.
Blnc?'90. r.et
2 2»a4 13 5 yearly. Below.
4
\
3<t 2
In Jan., 1903. 4M per cent was paid, viz.: 1>4 p. c. quarterly dividend
and 3 p c. as an "ad ance" for coming yea'; Aug., Is; Oot , 2.
Bon )8.— The refunding mortgage is for $100,000,000; $5,500,000
were available after 1902 at $18,000 per mile, to retire bonds on
lines purchased, and remainder are issuable at not over $1,000,000
per annum for permanent Improvements and additions, Including
equipment. See Mortgage Abnlract In V. 66, p. 522.
The collateral trust gold 4s of 1902 ($24,000,000 authorized) are
Moved by deposit of all except $393,900 stock of the Choctaw Oklahoma >v Gull RR. (see that company); the portion unissued is reserved for issue at 96Hi for the actual cost of the remaining Choctaw
stock at not over $60 per $50 share for the preferred and $80 per $50
share for Cie common. V. 74, p. 775, 829, 936, 1356.
i.KMuu
In July. 1902, stockholders subscribed at
par to $H,235,000 new stock, to construct or purchase new road;
also for second track, improvements and equipment. V. 72, p. 1135;

&

&

&

1

hvimiv-

v

:

:,

The

p 184; V. 7:.. p
t-tockliolders are to vote

on Jan. 7, 1904, on authorizing a 4 p. 0.
'l.ited refunding mortgage for $250, 00o,000 maturing Jan 1,
and to be dated Jul? l. 1908, chieily to reiunri, at or before

maturity, outstanding obligations of the company or constituent 00m01 prop* rue- which may he a quired
y consolidation and in
pari for extensloi s mid additions. V. 77, p. 249, 298, 950. Collateral
trust notes outstanding June 30, 1908, on account of construction of
1

us Kansas

1

It)

Kaumsi.s— For earnings
June

ami

30, 1008,

later

Rook l~land system for year ending
earnings, see statement of Rock

of

monthlj

Island Co.

ANN! mi Ri.ri.ur.— Report for 1901-02 at length was In V. 74, p.
1193, 1201; see also editorial, p. 1167.
15 mo'. /•>,(/.
Yearttndtd Mar. 81,
June |0, 1908.
1902.
1P01.
Milesoperated
5,
'8,975
3,819
$n.o3(),l64
oger earnings
$11,614,029
$6,400,014
Frelghl
29,171,980
19,081,857
17,730,398
Mall, express, rentals, etc
1,966,547
1,293,825
1,5
,

Gross earnings

$42,752,056
814,524,888
...
,.,
2,OtH>, JbO

trnlnaa
land department
Inc. one from loans, etc

From

Total income

$25,364,095
$8,199,602
7. 500
693.879

$11,079,970
$2,951,322

$8,900,981

;

$16,531,848
86,123,8 lo

roads
mm River bridges

,

747,227

.,,.,

111..

<

5,305,657

*3, 800,201

Balance
71

M

.

84,973,048

Broadway. -(V.

77,

p.

north and south trunk
Chtoago and 8t Louis

line for (he
to Memphis

(4) !,!)'.

83,097,888

sit

and

Louis

A.-

New

mm

L!

B -To form a
FrauoiSOO frnm
J

.

Orleans, srith numerous
following subsidiary
<vi.. ,v s
k.: vis., the Ohio
Eastern Illinois, st
Louis Memphis A Southeastern, -d. Louis A- Qulf, -t. Loala H.m
Franolseo a New Orleans, ami 388 miles to be oon«truoted from
Memphis On the west side of tlio river south to l'.iit Adams, and

brum

» total of
companies of tne mi
in s,

,i!-!i

miles. Including the

CnlcagO

St.

Fan] Minneapolis

6c

Omaha Ky.— (See Map

Chi-

<e Worth Western.)— Road.— Main line— Elroy, Wis., to Omaha, Neb.,
593 miles; other lines, 1,064 m.; total, Jan. 1, 1903, 1,657 m, of which
1,588 are owned and 69 miles leased. V. 69, p. 1147. In Apr., 1901,
the Chippewa Valley A Northwestern Ry. was incorporated to construct a line from Rice Lake, Wis., northe*st about 100 miles, of which
36 miles were operated in Jan.. 1903. Of the Eau Claire Chippewa
Falls & Northeastern Ry., 45 miles from Chippewa Falls, Wis,, to Hannibal were operated In Aug., 1903. V. 76, p. 649.
History.—This was a consolidation July, 1880, of the Chloago St.
Paul A Minneapolis, the North Wisconsin and the St. Paul A Sioux ottv.
In November, 1882, a controlling interest in the stook was purchased
lor the Chloago A Northwestern Railway by the acquisition of 93,200
shares of common and 53,800 shares of preferred.
Stock.— Authorized oommon, $21,403,293; preferred, $12,646,833,
Held by the company Deo. 31, 1902, oommon stock and scrip, $2,844,340 preferred stock and scrip, $1,386,921. Preferred stock has a prior
right to non-cumulative dividend of 7 peroent; but oommon is never
to receive more than is paid on preferred.
Drvs.sinoe'Sg V90 '91 '92 '93 to '96 '97 '98 '99 '00 '01 '02 1903
Common, p.o. >
None.
2
2 3*11
5
5 Below
6
Pref p. o....) 4 4 6 1*
7 per ann. (3»« FAA.)
Bonds.—There are $75,000 Minneapolis Eastern 1st m. guar. 7s
due Jan. 1, 1909; $1,500,000 Superior Short Line Ry. bonds are owned.
Chicago 8t. Paul A Minneapolis 1st 6s, due 1918, and North Wisconsin
1st 6s, due 1930, are exchangeable at option of holder at any time,
dollar for dollar, for consol. 6s of 1880, due 1930. V. 68, p. 521.
In
1903, $2,000,000 3^ p. o. consols were sold. V. 76, p. 653, 704.
Lands.— Sales 1902, 31,035 acres, $123,656; unsold, 205,541 acres.
Latest Earnings.— From Jan. 1 to Aug. 31 (8 months), gross,
$7,564,566 in 1903; $7,320,076 In 1902.
annual Report.— Report for 1902 was in V. 76, p. 649.
1901.
190O.
Tear ending Dec. 31—
1902.
Gross earnings
$11,907,525 $11,196,101 810.342.ooo
6.489,154
Operat'g expenses and taxes. 7.483.253
7,014,870
Net earnings
$4,424,272
$4,182,134
*3, 852,846
109,7>-5
110.243
Net rentals paid
111,876
Net lnt.on debt (less other inc.) 1,394,059
1,343,097
1,344.478
Dlv. on pref. stock
(7)787,976
(7)787,976
(7)787,976
Dlv. on com. stock
(5)927,750
(5)927,750
(6)1,113,300
600.000
500,000
Appropriation for lmp'ts
_ 600,000
Hurptusof RR. Co
$417,06l
$182,399
$413,526
$123,656
$110,906
Net from land sales
$71,011
-(V. 73, p. 1159; V. 74, p. 627, 1250; V. 76, p. 649, 653, 704.)

cago

•

'

,

Chicago Terminal Transfer

KR.— Pkoikri v. — Consists

of

passenger and freight terminals in oity of Chicago, lines of railway leading thereto, and a belt line around the city. Company
owns 760 acres of land in and adjacent to the city, of which 50 acres
are in the centre of the business district; also Includes 7,500 feet of
dock property on Chicago River. Nearly all land, including that upon
which tracks have been built, is owned in fee. Track owned, 90 miles;
leases from Chlcaco unction Ry., 11 miles; track. inc. 7 miles; total,
108 miles: 2d track, 54 in.; sidings. 113 in.; total all tracks. 275 miles
Bistort.—A reorganisation m June, 1897, of Chloago a Northern
Paeillc and Ohio. A Calumet Term., plan V. 61. p. t>88, K»8. In Feb..
1901, Harrliiian syndicate acquired control. V. 72. p. 241, 580.
Tenants.— Bait. A Ohio, Chicago Great Western. Chloago Mannnond
& Western, Suburban rr. Co. of Chloago. The Pare Marquette will
A- to Hi I and other
also become a tenant on it before Dec. I, 1808
Important ohangi m ".H):t, including termination of St. Louis l'eoria
tenanc\ see V. 77, p. 91H.
A Northern
K&—818,000,000 common and $17,000,000 4 p. c
non cumulative pref. Ho, ids Of the $16,500,000 1st 4s, $1,305,000
are reserved to retire the assumed bonds; $1,295,000 for new property.
Lui-i Kikm\i;s- 1 tno. > 1808... ..Oross, $140,521; net, $59,997
13-1,131; net, 61,867
July 1 to July 31.
( 1908 .. .Cross.
Ki i-.ikt.
Report for year ending June 30, 1903, given In V. 77, p.
94H.shou-, gross, $1 746.878; net, after deducting taxes, $610,702;
interest, $597,000; hal.. sur.. $13,102.
Sec and Asst
Pree. and Gen. Mgr.. J. N. Falthorn, Chlcairo, 111.
Treas.. w. t. wiener, M, 80 Broad Bt.. n. y.-<v. 77, p, 88, 948.)
Chicago i nioii Transfer lt>.— V. 72. p. 872; V. 73, p. 1207.
( hl< nco A Hintrrn Indiana If II.— owns a valuable terminal
ystem Of roads affording entrance Into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk street, Chicago,
to
Doltou, 17 mile*, also to Indiana State Llue, 10 miles, to
cnu-in, 16 miles, and to Bouth Chloago. 6 miles; total, 48 miles; total
track, Including 3d, 8d, 4th tracks and sidings, 220 miles; also owns
. I

,

;

B8, 849, 298, B50,

LOBla vi.-m (»h in A New Orleans

..,

m

-

(4)2,247,900

(7>g>

Offloe,

$2,911.'<mi

,.„>$
i,*n,iwuj

/

Dividend*

aii<>

12.000

$10,1.(1,121

,

$

Interest on debt

—

-

,,

/

Re.nl teased

<h l<

—

thence 100 miles by Illinois Central trackage to New Orleans. Controlled by tie St. L< uis & s
Franoisoo. See V 77, p 35, 146.
8t< ck authorized to be $10,000 000.
A consolidated mortgage (the
limit being commonly leportedas $140,000,000) will be made for
refunding and other purpo-es. An arrangement has been made to
guarantee jointly wlih the Southern Ry. the New Orleans Terminal Co.
4 p. o. bouas (present issue $3,500,000).— V. 77, p. 35, 145.

>

RAILWAY STOCKS AND BONDS.

Oct., 1903.

RAILROADB.
For explanation of column headings,
on tlrst page of tables.
Ohicago

8^ Pkhe M akvj.

West Michigan—

dt

Wisconsin

OKica.gr>

CMhuahua
Okoetaw

Ac Bee notes

Memphis— See Choc.

tt

Oklaii.

<.i

i

Al.

1,000

282

1.000
l.oOO
1,000

355,000

«

1.IHMI

1H02
1900

1,000
1.000

tooa

.1

.

mow

mort.

lsti

*A

do

*. "Ink. fund
$376,000 are 5

Beooml mortgage, gold
900,000, gold

-

(In
cin in.

iron

,v

j Hoi

W

1

,

ii<

l-tM.g.red

Dec. 1

llo

at

on

j

|

N
M

I

p. o.o|
o"

261

mw.

|

1991
L89
L8Q

i

.

1903
A r. f. m ,$s,200,000g..gu.,p.A\LenNo.
1898
Juno 30, 1902.
L9oa
iring yearly
Equipment
1st pref. stock (see text) Text.
Otn hii-r Terminal B li
tV.lst

1

I

1

6666666

Chicago a \\ «•»( Tiicii.—See Pere Marquette UK.
Chicago Win. 4c minu.—Sold In 1899 to Wisconsin Central Ry.
Chlhiiahmi A IMkIIIc It II.— Completed Apr., 1900, from ChihuaMm.ua, 135

miles. Subsidies by Mexican Ooverntnent In Its 5 per cent Interior sinking fund bonds are: On 135
-.'li. ^l.luo.uiio; on Beoond and third
will aggregati
The unpaid subsldJes were In
00,
o.-t.
19
with portion of orUlnal o«nK. 0.
oeaalon from Mloaea to Faelflo Ooaet, the k.
m ft O. haying a 10Bee k c. m. a- o. siateI ear trackage agreement over the entire lino.
inent and V. 71, p. isi. Stock Is $2,500,000, all issued; par of shares,
01OO. honds. sre table above. (V. 0(5, p 573; V. 7 1, p. 181.)

c

.

—

<

i

hoctaw A Tlemphl- Kit.—Skk Choctaw Oklahoma AOulf RR.

Oklahoma A O«lf0i.

h<>< la\»

if Bee
Hot Spring-

Road Oirnril —
Milts.
Memph;-. l'enn, via Sayrc
State line ...
000
Halleyvil.

I.

,

T., to

Bh»«

Anluiore.

,

'/'</• <>f

Itock Island.)

\rk.. to
Ark. to l>es

.. ii

,

—

MaUern

4o
25

Aro

White A Black River Valley,
BrtukleytoJ'ksonport.Ark.

lit;

Asher

64

Alva and
Anthony,

137
Total Nov., 1902
1.076
In ('
under construction from Outhrte to
(tension
the miiln line at or near Hallevvillc. 1.
170 mllea, with branch to
Shawnee. 80 m. under title of
(>
./.with 1 .000.000 stock.
ofwhtoh otn com oleted. V 74. p 1195. tnO
(tension was
under construction southwest from Ainarlliu.
DlUes, 1>» Tecumcarl, N. M. at
oonneotlon with the 1.1 I'aso line of the Rock
Island; also Ardmoro. I. T., to Dallas. Tex.. 113 miles
V.75, n T.»3.
k. in

WM

I

.

1

'.

tattoo

<>r

I

theChos
valuable 00

.

sold

aootaw

pins KR., forincrU leased, was merged In June, 1900. V. 7o. p.
The White A Black River Va] RR Is leased tor mi years from
July 1, 1900, interest on 0500,000 Ave per oenl bonds being gnaranfeeed for first ten years and on $600,000 thereafter
\
72,p 189
In Jan.
t|
'lit
1,600, stock was acquired by
the
Rock Isl«nd A Paolfle Raltwav Co.. the minority stock being
offered the same price. 1
share for the common and
: the preferred.
See V. 71, p. 775, and also p. 829

944.

(

1

1

Dim

Apr. 1909, ". p. c. yearly, on com
igoo, t; 1901, Apr., 2. o,t. J ^ p. c. cash, and
distribution In com stock. In 1903, Apr., 3 p. c. No
dividends on either stock reported since. 7,75, p
Bonus.— The consol. mortgage of 1902 Is tor the authorized amount
on the coal properties and $15,000 per mile
mile of railroad now owned or hereafter constructed, an amount
equal to the outstanding gen. and O. A. M. 5e being reserved to retire
the same. v. 74, p. 15 1. The i.ittle Rock Bridge t>s areanbjeol
or slnklnv fund of $20,000 yearly.- (V. 71, p. 602.) Car trusts,
see table above and V. 73, p. 1312, 13."Ri; V 74, p. 727.
a -For 11 mos. ending May 31. 1903. gross,$.\ 774.1 91; net.
other Income, $.19,050; total. $2,07
ict; Interest.
»J4), rentais. (»3 >.7."i6)and Uixes (*1SH.017i, $1,010,707; depreciation, etc.. $103,222; balance, surplus. 0959,
RM-oRT.-Report for 1900-01 In V. 74, p. 149, 203, 212.
'»"*
r
Orotg
Gross of
Set
Interest
Balance,
^"T 31— of railroad.
Oct.
mining.
and taxes, for year.
of both.
1901
$4,611,351
0655,462 02.025.044 $607,41-1 $1,417,625
Average miles operated. 643 miles In 1900 01. against .'.65
1^99 00.
From surplus above shown were paid dividends. In 1900-1, on pref
5 p. 0. ($300,000), and on common 4>a p. 0. ($320,oo0), and 0130,000
for equipment renewal funds. Coal output, 448.497 tons. V. 74, a.
986, 1307.-iV.77. p. 196, 249.)
raon, 2. Oct
10 p.

.

A

N.
O.

F.

A A
A 0.

A.

A

J.

hlla..Olrard Trust Co.

do

do

1.

1910

1,
1,

1949

May

ilo
,
l

1.

1959

l'.'lB

To Oct
To An.

do
April.
Bank. June 30, 1980
1

J. N. Y., First Nat'l

Cincinnati.

1903 Q.-J.
do
1903
1902
do
A. A O. N.Y.,Ke*aler*Oo54Wall
7
546 A. A O.
do
do
do
dO
4>*g. J. A J.
J. A D. N.Y.,BlalrACo.,20Bro'd
5 g4
A.-O. N'.Y..K>sAlerAOo54Wal)
do
do
5 g. M. A N.
5 0. J. A J. N. Y., Central Tt,i
do
do
J. A J.
B g.

10,000
185.OO0

•J,::

h$

4.

1,000

40 0,000

*

F. At

M.

•OS,

l\

9ept. 1903,1%
Auif. 8
o,t.

1,
1.
1,

June
Apr.

May
Jan

1905
1906
1937
1943
1943

1.

Oct
Jan.

r.<41

1,
1,

1935
1935
N. Y., No. Amer. Trust.
1950
New York.
To Aug., 1905
A.
do
do
To 1:. 11
N.
Un. Saw A Tr. Co., Cin.

g.

5
4

1

..ct.

Jan.
July

lik.

do

Philadelphia. Pa.

.V

K-

Apr.30.

do
N. V.. First Nat.

J.

A.

In
4 In
5 In

2,22i),000

Ai

Jan.
Jan.

1,
1.
l,

I
In. Hi. > A I'ort \ta>ne lt>.— ">
Map </ 1 inl»aytoi*.) — Owns Flndlay, O.. t<> Fort Wayne. Iml ho miles.
with the Cin. Ham At D. from belphoe to Clo\erdale. 1
miles. Is under construction
tO l'lnda\- Fort
Waj iif A Western, foreclosed July 6, 1903. V. 77, p
to Cin. -ini, ati Hamilton A D »\ ton for 99 years from Nov. 1.1908. V.
77, p. 694. 768. s.u.k. *l ,2 .6,000; all owned by the Cin. Ham.
ton.— (V. 77, p 694, 70S.)

Cincinnati

Ham.

A

ls;io;

c.

I

i

m

,

•

4)

.

counectliik.' lli.k
.">

.

<ln.

i-i'i,

1

A

UK.—See Street Railway Sup.
A Dayton Ity.— (A'ee Map.) —operates a

I'orinmouili

Cincinnati Hamilton

direct line between Cincinnati and Toledo, Ohio, with branches to
Springfield, 111, and Ironton, on the Norfolk A Western, eto.
liiHiit <>\r nfd—'\\ See this Vo.) Miles.
Proprirtnry roads—
Miles.

60
176
98

Dayton to Dean,
Dayton to Delphos,
Trackage
Roads leased—
Dayton A Michigan

& Ft.
Home Avenue RR

Clncln. Find

Cincinnati Ind & Western ..11 379
Cincinnati A Dayton
14
OolumbUS Flndlay A Northern. 18

13

Cincinnati to Dayton,

21

Bowling (treen RR
Plqua & Troy Branch

8

H142
Wayne..

..1180

Total of all
3
1,015
with Clev. otn. Oh A Ht L, and Jointly
with Southern Ry. controlsCln. New Orl. A Tex. Pao Ry. V. 75, p, 970
History, Etc.— In July, 1895, consolidated with the Cin. Dayton
A Ironton aud Cin. D. A Chloago under the name of Cin Ham A Dayton
Railway. V. 60, p. 1104; V. 01 p .68. Cincinnati Indiana A w
I'he Cincinla operated In connection with the C. H. A I), system.
nati Flndlay A Fort Wayne, a reorganization of Flndlay Ft. Way tie A
Western, Is leased for K'.i years from Nov. 1, 100 t, an will build a
connecting line from Delphos to cioverdab>. 15 mll^s TheC H & D.
is also building a 42 in. extension into Ironton, 0. V.77,p 88,694,768.
Stock.— New preferred is entitled to 5 per oent, then common to 5
per oent; then both share equally. V. 69, p, 1300.
Dividknds since consolidation—
Nov., 1895 to Aug., 1903
New preferred, issued in 1895
5% yearly (0.-F)
Bonds.— General mort. covers the perpetual lease of the Dayton A
Michigan, the profits under which are large. V 54, p. 799; V 55, p. 373.
A refunding mortgage was authorized in Dec., 1900, but no bonds
yet issued.

Owns Davton A Union Jointly

•

.

1

OCARANTIK8.— Guarantees securities of Cin. Hamilton A Ind. and
Dayton A Michigan; also $933,000 Indiana Decatur A Western first
5s
V. 69, p. 795. As to control of cin. N. O. AT. P.. see that '.>
Rki-ort. — Fiscal year ends June 30. Report InOHBOV., Oct. 24, 1903.
1901.
rears*** tunc 30—
1908.
1902
Ml es operated
!»71
1,015
irnmgs
$7,0'(4,717 $5.837. ;»16
07,987,328
1. -06,002
2,2 >4.059
Net earnings
8,40 1.649
Deduct Interest on bonds
865.747
1,041.406
1,055,5
lib pref, stock I). AM.
96,800
Div. com. stock D. A M. RR
84.066
84,066
84.066
Dlv. com. stock Home Ave. RR..
8,864
Div pref. stook C. H. As D.Ry...
389.211
389,229
089,835
<

1

RR

Total

.1

Hisi

1940

1,

Apr.30,'02,3%

111.

tre asury.

•

M.AO,

6,925.500
H27.000
1.668,000
2.00O.OO0
3.OO0.000
1,200.000
8,500,000

"i'oo

l»Oo »<r«'H of real estate,

hua, Mexico, to

462,4

2

passenger and freight yards, warehouses.
Kv. of Chicago leasen and operates 76 miles of
mil. » owned I, v the Ch. A \V. I., Its securities belni? all held by
the tlffir'T* lfH>ltH0 UM Chicago A W. I.; see V. 60, p. 1058
Iin com]. nn\ 'i road and terminals are leased under perLkahks
to the Wabash, the Orand Trunk West, the Chloago A
minols, the Chloago A Erie and the Ohloago Indianai>ollR A
I>>iii-\ Hie. each of which Mve companies owns $1,000,000 stock. They
are also leased to the Atchison, the Elgin Juliet A Kastern and the Belt
Railway. The annual rentals must always exoeed by at least 20 per
oent the Interest on the bonds outstanding.
1903.
iMvii.KNi.s. -,•'>- !»4. '95. "96. '97. '98 '99. '00. '01. '02.
Percent.
\ Oy'rly. 7»u
* Also a special dl\ Idead of 8 2
b p 0. was paid May 1, 1903.
!<'•noral mortgage bonds became sub|ect to sinking
fund In 1908, and will be drawn at 10.'> and Interest In suoh annual
amounts as will retire the debt by maturity.
of the cons,, 1. 4a of 1903 (authorised issue $50,000,000) $4,000,000
has been sold on account of track elevation and other improvements,
94. 3%.*>, 000 additional to be used to refund bonds c uiccled by opera
tion of the sinking fund, 010,014,000 were reserved, to retire underlying bonds and 981,631,000 for future additions equal to at least
the par value of the bonds Irsued. V. 75. p. 732. !IOti.
AMMCAL KK.n.iii Fiscal year ends Dec. 31. Report for 1902 was In
V 76. p. 1297. showing cross Income. 01,053,840; Interest, etc.. $749,•vldends, 0800,0001 bal., surplus. $3,861— <. 77. p. 88.400.)

boot

A

M.

5

8,000,000
813,100 4

1.0-X)

1

90
164

guar..' •
p. A 1. (end.)o,

Dayton

80Br*dway. May

00

0.
4i-j g.

1,540.000
500,000

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

309
1892

ffle.o*

Cm Ham.*

Dividend.

Omce. Chloago,

A.&Oji
J.

B

0,(

1

ijdbo

1875
1875
1887

00

lists

iddltlnnal in

N. Y., OfL,

B 0,
B |

5.4 11. 0O0

100
100
100

M..g..gu (assumed).. Ce.o"

Lai
1

67

mortgage

loago, l«t

1

N

.V

0.

1901

<

Hor. H, $70.
li
(oAox.'Oflioeo I 5,000 OF
Apr., yearly, beginning 1 903,0 P
White .v hi. Riv.Val.. 1st M.g .Int. so., end F 6'
Otn. Dayton <* /roiWon^Hee Cin H im. A Do POM.
(Jmrinn.iti Hamilton J IkiyUm Common stock
Pref. stock, A A B, 4 p.0. earn., guar, (call at i>an
do
"Kaglc" 4 p.o. cum., guar ic. ill at par)
New preferred B per cent noo cum., $h,ooo,ooo..
••"
1

M.

0.

'

at'

yearly.,

5

•

-

1,

3, .'.25,000

u

i

OP

1,<>00

•.0,1

'

Oar trusts, gold. 050,000 Oct

g.

10,000,000 4«stn'0l
6,000,000 5 In 1901
5.500.000
5 g.

50
50

1

.

3

1,000 |W> 1,600,000

1899

125

pal.
Dne.
«<»<-*« -Last

Whom.

Payable

Cent.

When

Where Payable, and by

Rate per

i'

OAof. OfciaA. J Half lili. Com. stock, #10,000,000
Preferred stock, 5 per oent cumulative
General mow tlrst) mort., $5,500,000, gold ...c*
Choc. A Mem. 1st M., $3,750,000, »M'd.(.r
UBoek B'gs l-t M im'<L g red (text)
o.ooo.OOO. gold.4.1*
Consol. M. (I
.

Amoant

°'

'

NTH

K

I

'1

-V

INTEREST OR DIVIDENDS.

Size, or
j

Outstanding
,/ ar
u «« l*1"""6
Road. Bonds Value. "
of

RR.

Minne»ota—8H« WlBOOH«ni

<£

Pacific -1st M., *2,0o<»,<M)"

<t

Date

Mile*

,

1359

.Surplus
Pros.,

01.629,766
$771

M. D. Woodford, Cincln., O.-iV. 77.

Cincinnati Hamilton

A

$1,614,926

$1,438,848
.;7,154

p. 8-i, t.'.)4, 7(1-1,

12

mllannpnll* Ity.— Merged

.5.

Aug.,
Cincinnati Indianapolis A Western RR. — (V 75, p 889.)
4 In. imiatl
A linllaiia \* o«!cril Itlt.-Mer.cl ii
in Chicago Cincinnati & Louisville KK.-tV. 74, p. 1 195; V. 76. p. 1247.)
">^-4 tii< Iniiali
I ii<1lHiiapoll> A \% cslcrn It It.—
WmpO.H.
Hamilton. O.. to 8pr nctleld. 11., 296 miles; SldeU 111.,
A <>
Liberty. 78 miles; track go. West l.ibertv to Olnsy. s mile-: total, 383
B«Oltdatton In Sept., lit >2. Of the Cincinnati Hamilton A
Indianapolis Kv., Indiana Decal irA w.-i.-m
ringfleld .fc
De atur RR V.75.D.2
197.732. Stock auth. .rs,-00.tX)0;
,$7,11 •.s,,.i. «, owned by C. H. A D.
refu ding" 4s of 1902 ($S. 200,000 authorl/.ed Nsiie) are guaranteed principal, and intere-t. by C. H. A D. by
endorsement on each; - l.'ioo.OOO were ls-n.d in ex.-hange for existInt; bunds, of which $2. 7UO.00O in the Cm. II. mill. & Davt n treasury;
$3.4i;5.0 »0 are res. rved 1o retire the Ind Dee. A Weal ">- and the remaining $235,000 for general purposes. V. 75, p. 1901, 1353.
he I 11.
w. bonds an- redeemable by lot at lioat any time on
eight weeks' notice; $933,000 are guarantee*! by Cin. Ham. & Day.,

1902

I

In

in

t

.

I

A

1

'which 1
,v
1\k<in.s. Year ending June 30, 1902, of companies c
dated were 01,629,788; net, $»08.716; total deductions, *:i">3.379;
'-". 1353.)
bal.. sur. $55,337.
V 75. p.
...
4
miail I nier- Terminal lilt. -Owns a road connecting
freinht and passenger depots and station- of the vathe otty of ranolnn
enter!
on stock, si 0.0 <>. in $100
shares, issued for purpose of control. There has been Is md +400,000
of 1st pref. 4 p c. stock, secured by mortgage to the L'nlon Savings
Bank A Trust Co of i, cu.nati. as trustee, on land and
track. The renttl for the latter
$ 6,< 00 yearly) under perpetual
I

I

I

I

'.

*

<

1

.sa-hvtlle cover- the

iMrsal on tlo- stock.
Additional ontracts with othe- roads, Includlug the rtouthern Ry.
were pending, preferred sto jk to be Issued uuder similar conditions as
;

is

I.uiii,\in e

I

I

:*(><)

RAILWAYfSTOCKS AND BONDS
[Vol. lxxvii.

—
0<

LWM.W A, STOCKS AND BONDS

L903.]

i..

Miles

Northern— \»i mortgaga.

L902
L888

lstcon.M.Bl,500.000g.Kii.p..tl.en.(V75.ti.l398>o'
Oin.it Mus.
0.

<7. .V.

V.— 1st

<t T.

Jr.,

I'.

Cincinnati Wot

M

I

$2,000,OOO.ggu.p.Alen
pp

-•

M

it

148

i

1st mort., gold. Int
Oin. Riehmoml it Ft. W.
OUar/leiit it Mahoning -Stock,
per eent rei
K.o'Ar
1st mortgage, gold, guar, li K. .v 1*
l-t mortgage
Clearfield Southern
Olevel'd Akron it aolumb. -Hlook, $1,000,000
o
Gen. mortgage (now 1st,) g
end
1st con. M (4,000,000, g., t, f., CO., p. t
-

I

.

.

,

Dlevetanrf Cincinnati Chiemgo A Of. £<oMi«—
StOOK (?^)*,YW,U«U HUlUOniWLI
Common stock ($28,700,000 authorized).
Preferred stock, 5 per oent, nun cumulative
A C. oon. M..ilrawnat 105, s.f. 1 p. o.o'
O.
Oen. 1st
tM.. $10,000,000 ic.s.f. not drt
I

..

inort- (Bee text)..
oonsol. mort. ($12,000,000) gold 1 • 6" kf
l-t M.,tn 3 ser. of .K>b7,000.Ua.c
Bt
•

lonsol

(

Oen.
Indian A
L
2d M.<$2,000,0O0>,gold, Indlanap. toTerre H o.
Cl.C1n.ch ABt I. While Wat Val. Dlv, lst.K.Ce.o.

Mj.r.

A

Col. Dlv. (Col.

Mi».

A Cin.),

1st

M

.

L871

<

.

50
L888

Cln

,

V. 77, p. 86.)

Cincinnati A Licking River RR.— (V. 70, p. 1194
Cincinnati A Louisville RR.— (V. 75, p. 1 llti.)

)

maaklnaruaBi fallal 88.- (8e* map of PUttburg
Oinetnnati Chicago <t St. Louis —Owns'Morrow, Ohio. toTrinv

a

)

Zanesvllle Terminal KR 5 miles, V. 77. p. -<;.
the cinclnuatlA MuskliiKum Val. Ry.,
and purchased In the Interest of Penn. RR.
Of the bonds 8400,000 are reserved for future needs;
slnkliiK fund retires yearly one per cent of those outstanding. If of:o> Pennsylvania
Com), 'my guarantees the
^ee form of gu ranty, V. 76, p, 658.
bonds, principal and Interest
stock, *-_'.oiiii,iiini par$100; all Issued. Dividends: 2 p. c. June 'Jo,
1900; Deo. 31,4 p.o.; 1901. Deo.3l,2p o.; 1902,8 p. o, Pennsylvania
)0.000 bonds. V. 55. p. 1078. Oar trusts,
yearly to June, 1812,
For 6 mos. ending June 30.
K wi
ends Dae 81
1.125 In 1902; nc<
iKalnst
s9.
Keport for 1902, V. 77, p. 86
Vrt.
I>ivi<lrinlt.
Inlrrrxt.
Rulatirr.
tirot*.
Tr.rnd. Der.'Sl.
o.ooo (2 ,) 140,000
'
lio. in
10,111
12
60,000
1901
777, p. 86.)
—(V. 72, p. !>s l. V.
if<//> •/
cin< inniui n.
Orleans 8t Texas Paelfle ity.-*{8*a
Operates Cincinnati Southern Ry., owned bj
Bonthor n tin
Cincinnati, Cincinnati to Chattanooga, Tenn, 336 m.; traokage, 2 m.
In Jan., i'.)03, the entire stock of the Harrlman & Northeastern Ry.,
in., 22 miles, was acquired iu the int.
Uarrln
V. 76, p, 157
ely.
the oompany, but the road will be operaK
l'.'ol
rental until
In
Oct. 12, 1806.was modified beginning July 12, 1908, to $1,050,000
remali
quarter to be deferral as liaooruea
the
per
be paid q
rite of $40,000 yearly, wit h Interest on
deferred payments at 8 per oent; rental under renewal to be $1,050.men $1,100,000 for 20 years, the
sarly for tlrsi
V. 73, p. 722; V. 74, p. 1251.
I'ref stock,
l.OOO.
p. c. cum.,
with no voting power, but prior right! on dissolution. V. 7 1. p.55
Dividexd. On preL,
paid quarterly Sep 1 l, 1802, to Sept.,
p. o.,
1808, both Inclusive. Car trusts .lane .in. L902, 892.S94.
k.— Common, $ (.hod. hod, controlled In Interesi of Bonthern l<v.
ami ciii'iniiati Hamilton 81 Dayton By. V.tu. p. 26; v. t;.">. p. 1173.
L4TMT Earns.-'J mos., L8O8,
Oioas. 81.1TT,niQ.
!i7ii..'.56; net
(iross.
July 1 to auk .31.
(1901
2f
Anmvi Ki POKE.- Report for 1801 9 w,ih In V. 75. p. 903.
In 1902- I, gross, 86,1 55,454; net. $5,660.40 1.
81,420.810 (agalnsl $1,299,827 In L900-01); other Income. 117.269; balance, surplus. $209,134, aKSt sur. $179,132 In
190O-01.— (V. 75, p. 341, 9o3; V. 76, D, 157.)
ClnclniiHtl Norllicrn Kit.— (See Map Cleveland Cin, CAiJacksou. Mtch., St. L..)— OwnsFranklln. O.,
trackage (O.
at Jaokaon, 1 m
O. O. A8t. L.). Franklin to Cincinnati, 3s m
Sin
ISOr In June, 1897. Of Cincinnati Jackson A Mackinaw, fore9, 1034, 1135; V. 78. p. 81. The holdcin. Ch. A Bt L are valued In balance sheet of June 30,
-7. V 75, p. lot ".7
t.>. ,v. s;j,00ii,000
In yeai
ending June
,396; def nnder oper. exp , $2
Prest. M K. [ngalla, Bee report, v. 70, p. IV81.—<V. 74, p. 826
.

;-:i-. to
.

i

.

i

-

I

w

l(

i

'

•

m

•

J

M

.

1

.

U

ay ne RR.—Owns from Rich
Ind., 86 miles; leases 5 miles of P. F. 8
(Dec, 1901), by Orand Rapids A Indiana Ry.
Rental, net earnlnKs.
Interest Is guaranteed by the Pennsylvania Co.
and PlttshurK Oln. Chloago A 8t 1* Co. jointly (the P. C. O. A
taklnK the place of the (In. Hamilton A Dayton In
k. $1.709.313—par, $50, of which Penn. Co. Jan 1. 1808. owned
$1.2 '6.900. Due imarantors Jan. 1. 1903. 81,384,674 For 6 mos
endlnx June 80. 19o:t. gross, $286,069, aKalnst $283,969 In 1902; net,
#22,219. agaiMi S57.505.
Year end. Dee. i\. Qro*$.
HUnnre.
Interttt.ttc.
Net.
1902
$594,515
def.$1.834
$124,166
$126,000
12»i.000
1901
560,200
131,005
sur. 5,005
ciii< iiiniKl Richmond A tliinclc BR.—Merged In June, 1903
In Chicago Cincinnati A Louisville RR.- (V. 7(>, p. 810,
Clear Held A Hit honing Ry.— (See Map Ruf. Roeh. it PitU.)—Owns
road, completed In 1893, from Du Hols Juno, Penn., on Ruff. R. A P.,
operated

1

-

I

6
5

428,997
2,571,000

1,000

-(V. 77, p. 150, 510.)

Klclimond A Fort

B.

.

it
i

CheckH n
36 Ws
,

1/03,1*1

Quaran
V.

UM

July

i

N. Y..

N.Y

1.

Ian,
tar

BowLQ

1.

1

l.
.

k-

F.

|

A

A. N.

H'klvn.

'iillt.m Tr.,
Y., Wlnslow.

L-ACo.

McU.
Auk.

'-'

t

1903
1943
1080

1,
1.

1,
1,

OJ, 1

1927
1940

Q—

'.I

:i

Clncliiiiatl

V

1916

1,

?'

mil' s from Lebanon to Dodda,
KR; Mlddletown Jot to Mlddletown. O , 14
1.
'in. KR., taken over Jan.
L903); total. 52
Controlled i>v Penn. Kit. interests, stock authorised, $1,500.000. V. 75. p. 980. of the $1,500,000 ttr-t
guaranteed prlnolpal and Interest bj the PennsrlCompany, 8200,000 r. reserved to retire the 5« doe 1916 and
-mo 000 to purchase real estate, v. 77. \>. B6. For 6 mo*, ending June
nsl |90 920 In 1902; net, $39 246 against
Report 'or 1902, v. 77 p 86. Year ending Dee. 81, 1908,
89.816.
In. for 7 mos gross, 8244,732; net, 845,222; charges,
Includ"

Now

1

Y.,

V

.1

i

391
391
72
72
62
45
267
194
203

O., to
Leased to

mond, Ind..to Adams.

5

onatt

N

.1

.v

Jan.
Nov.
Aug.

100 27,997,700 4 In 1903 M. A 8. N.Y..J. P. Morgan A Co Bepl l.'03,2%
do
do
03.11*
100 10.000,000 5 In 190:i Q..
do
-.000
(J
M. A N.
do
May 1, 1920
1.0O0
1880
- 1.000
do
F.
4 g.
do
Auc. 1, 1936
1886 1,0004*
do
do
4,138.000 7 or 6 g. J. A D.
Jane 1, 1914
1,000
1874
do
do
Jan. 1, 1934
1H-U
3,205,000
1,000
Various
do
do
2,000,000
July 1, 1919
1,000
1868
do
do
Nov. 1, 1918
6 g. M A N
500,000
1,000
1889
do
do
Joly 1, 1940
650.000
H'.H)
1,000
* g. J. A
do
do
1,103, 730
4 K- M. ,V
Sept 1, 1940
m-.)o 500 Ao.
do
do
Jan. 1, 1939
5,000.000
1SD0
1,000
* g. J. A
do
Nov. l, 1990
do
is:)o l.OOOAO 10,000.000
8- M. A
*
do
July 1, 1991
4.0O0.000
do
4 g. J. A
1,000
1891
do
do
Jane 1, 1998
:7,657,000
4 g. J. A
is J
1,000

175

Cincinnati Lebanon A Northern Ky.—Owns Cincinnati,

cint iiniuti

A

M A

201.000
B
4,000,000 2 In 19

1,000

new OOnneetlonS. See V. 77. p. 400, 460, BIO.
K Woodard; Secretary. J. Oano Wright Or

(V. 76, p. 18, 157;

I.

i.

loo

required to pay for

A

J.

J.

5«.

1900

A

:

500 AC.

'

I

i

Dividend

J <1un..Ccn.Tr.AB.D.Co.
N.
do
do
A. N.V., Farm. I,. A Tr. Co.

Q— M.

,000

1,

50

Cairo Division 1st fcL. |5,000.ooo, gold
OOOlu s. f.M'e.cAr
St. L. Dlv ...
I ».<•
«t mort, gold
fin. Wall. A Mich. Dlv.
llwi. mort. loo year for $50,000,000 K..TIo.o'Ar 1,021
OBI.H. V IliiN-. rOB I'KOI'KIM IKV I. INKS.
Cincinnati Sandusky .* Cleveland— Pref.stook...
170
*3.0OO.0O0)Kold. All
Louis v. A Jaflfcraonv. Bridge 1st M.—See that C<>.
1

A
FA

4 g. M.
4 k.
2,000,000 See text

1893
177
138

A

/.

PnnotDae.

^o<rfc*-Last

«'),„.„

(

361

pal, When

Where Payable, and by

...vr(i1«
Payable

5

I

l.OOO
LOO
1,000
l.OOO

O, g.G.e'A*
hi;

,.„„
Cent

1200,000

|l,0O0

38

o

When

par

I'ar
of
of
For explanation of column headings, Ao., see notes
OuUtau.ilUK
Bond. Bonds Value.
on first page of tables
<t

DIVIDi

•K

RAILR

Cincinnati Lebanon

1

Honda

A
A

g.

do
do

do
do

N.
J.

Nov. 1/03, 3%
Jan. 1, 1928

on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester A Pittsburg—
which see at a rental payable in gold and equal to 6 per oent on
f 750, 000 stock, par $50, and 5 per cent on bonds, the latter beliiK Knar.

to Clearfield

—

A

p.

1.,

by Indorsement on each.— (V. 61,

A

Cleveland Akron

p.

710.)

Coliimbiia Hallway.—Owns from

son, O., to Columbus, O., 141 miles; Dresden branch, Kllbuck to 1'rln-way, 33 miles; Apple Creek branch, 9 miles; coal spurs, 11 miles: total
owned, 197 miles; traokage 1'rinway to Zaiiesvllle, 17 miles. Owns a
fourth Interest in Akron A Harlierton Belt RR., 2 I miles. V. 76, p. 435.
Penn. Co. took oontrol Juuel. 1889, purohasluK 82,237,500 of the
«4,000,000 stock (par $100). Dividends. 2 p. o. yearly, pall
1901, to Sept , 1903 (M.-S). Of the 1st consol. gold 4s of 1900 (Commercial Trust Co. of Philadelphia, tnirtte.
teed principal and
Interest by the Pennsylvania Oompany. $1,800,000 are reserved to
retire the gen. 5s due 1927.
V. 71, p. 880: 7.76,p.658.
Fox
ending June 30, 1903, (
043, agalnsl 65^.141 In 190
$229,280, against $171(358. Report for 1902 In v. 76, p. U05, showed:
Gross, $1,417,574; net, $407,335; other Income, $3,935; Interest #161.100; dlv. (2 p.o.) $80,000; bal., but., $170,170. -(V. 76, p. 435, 653,

1405.)

Cleveland Cincinnati Chicago A St. Louis Ry.— (See Map.)—
Road.— Operates a system of roads radiating from Indianapolis,
ind., westerly to Ohloago, Peoria, Cairo, in., Bt. i^mierly to Sandusky. Cleveland. Columbus and Cincinnati, Ohio,
southerly to Louisville, with branches.

and

Ownal directly—
heated a*a controlled.
Mile*.
Miles.
Cleveland, C.to Columbus, O.. 138 Clnolnnatl ABprlnKtleld Ry.—
l.utl.(i've(Gm.fr.(;in.itoDay'n 48
203
50
a No debt, or bonds all owned.
175 Colum. Hope
<KK.— 26
72
7 nirkage Into Clnolnnatl, Ao.
32
Harrison Branoh
7 TrackaKe Into Jeuersouville. ) S3
Leased entire st'k otcned
B. AiO. 8.
<
Clnoln. Lafayette A ChJo. Ry.— 57
Total Included In earns.. .l.sui
Cairo Vlneennes A Chic. Ry.—
Operated; earns, kept separate—
'alro, 111., to 'niton A branoh. 267
Peoria A Easfn Ky. (V).—
352
St. Lou. Dlv. T. II. to K. St. L.193
Kankakee A Beneca RR.—
42
Columbus HprliiKlleld A Cin.—
Mt Ollead Hhort Line
2
Columbus, ()., to HpriiiKflold.. 45
Total of system June 30/03.^,287
White Water— Harrison, Ind., to
TraekaKe III. Cent. Into Chic. )
Hagerstxiwn, Ind
62
On peroentaKe basis
(Jin. Wabash A Michigan Ry.—
\
Operates independently
Benton Harb. to Rushv. A Br.249
Other lines (a)
44 Dayton A Un. RR. (1)
Double track
104
Clncin. Sandusky ACieve. Ry.—
Band'sky, C.to Dayfn.O.eto.170
II See this oompany.
mile cut-oil between Hlllsboro. 111., and Mitchell, near St. Louis,
ie charter of the Chicago Indianapolis A st. Louis short Line

Gallon, O., to Indianapolis

Delaware

to SprliiKtleld

Cincinnati to Lafayette
Indianapolis to Terre Haute

—

—

W

(

couple led earl
p. liisd;

V. 77,

|.

.")

17.

v

in l'.ml.

As

Bee QSHI B

to Central

vi

im^

I

V. 75,

Indiana By., 137 miles, see that

company.
Riaromr, Etc.— A consolidation of the Clnolnnatl Indianapolis St.
A ChloaKO Railway Company, the Cleveland Columbus ClnolnA Indianapolis Railway Company and the Indianapolis A Ht Louli
Railway Company, made in July, 1889, per plan in V. 4-c p. 427. Of
the common stock, $11,225,400 was on Jan. 1, 1903, owned by the
-lore A lawn. BO. Ry., this amount, tocether with the private
holding In both stocks bv the Vanderbilt family, being, it Is understood, a majority of the entire share capital. V. 72, p. 86.
He company is also one-fourth owner of Peoria A Pekln Union Ry.,
(through the Peoria A East. Ry.), one-seventh owner In Terminal RR.
Ass'n of Bt Louis and two-fifths owner of Indianapolis Union Ry. and
part owner of Dayton A Union, which Is operated independently.
Louis
natl

1

Capital Btock.— On Jan. 1, 1890, the oommon stock was $20,500,000; it has been Increased to prepent figure to acquire stocks of lines
absorbed, eto. Dividends on oommon stock were resumed In 1900.
Div'ds.—
'90 '91 '92 *93 '94 '95 *96 '97 '98 '99 '00 '01 '02 '03
Com
)4p.o.
4
3>s 4
Pref
$
5
5
ibiMis.— The sinking fund provision of the Olevtland Columbus Oinetnnati >c Indianapolis consol. bonds (stamped)
i.
The
principal of these bonds is payable In gold, but the interest Is payable
ti of Uoldereltlier In lawful
money at 7 per eent per annum or
In British sterling at ti p. o. Of the ItulianapolU <t 8t. Louis first 7s

333
5*55 55500003
21*5555

As

A" are J. jgj.-, series "B," M. A 8.; series "C," M.AN.
vision bond*, see deed of trust V. 52. p. 1
to the Cincinnati Wabash it .Mich. 4 per cents, see V. 52, p. 718.
ir mortgage of 1893 Is limited to $50,000,000.
In July,
5, 000 general 4s were reserved for prior liens (exclusive
1

don, Peoria division, Michigan division and the Bt. Louis
west of Terre Haute), an.' for equipment construction and betterments, eto.. at the rate of $1,000,000 a year.
>;u Kin vscKs.— Ouarantees Interest on Louisville A Jeffersonvllle Bridge oonds lointly with the Ches. .t O.
88. On June
80, 1903, owned Stook In Chesapeake
>U1o representing an outlay of
$2,453,569, Cincinnati Northern
securities costing $1.1
and a half Interest in the Central RR. of Indiana, costi:
V. 71, p. 398 V. 75, p. 455
V. 77, p. 517.
>

<

RR

;

;

>

1362

RAILWAY S'HH'KS AND BONDS.

[Vol. lxxvii.

RAILWAY STOCKS AND BONDS.

Oct., L903.]

In

RAILROADS.

1

1363
Princi-

KRKST OK DIVID

,,,.
Miles Date Bli
Amount
of
Par
Of
For explanation of column headings, Ac, see DOtM
Outstanding Rat« Per Payable Where Payable, ami
Whom.
Road. Bonds Value.
on ilrst page of tables.

Columb. Oin.

Oleve.

<£

Indianap.—Hen O.kvi

9100

.

—

1st M., s. f., not dr'u. gold, guar. F.C
Olev. <* Jfar.
Ctarc. <* Pitttb.— Stock, 7 p. o. guar, by Penn.BB.Oo

90S

$2,OOO,O00,g.s f Oc
8d mortgage, 91,000,000, gold, linking fund
.ti«» cat
1st (otihoi. moruage. 93 B00,o00, go]
r„,/„, f Wyoming By.- 1st M.,*7,500,OUO, kHIc
Col. Newb <* Lai< rent -1st M., * 12,000 p. B.MBa
<r.l>. By. -lst.M

A

V '("• M.

0.S

11.220 300

1,000

ooo

1.000

189

....

1902

N.;

'D" F

A

V. 77,

i>

.MO. 517.

7t.'.t.

From July

1

to

Aug. 31

98,801,*60
3.314.228

inonths.)In'

S't.

Grout.

| ,na§.—

1903
1902

(2

9985,208
762,448

.

JV.

9477.107
46t>,158

Ka'.,<ur.

9509,097
29 1;. 2 90

Annual Rki-ort.— Annual mm'tlni? last Wednesdav In Oetobw
Report for 1902-03 In V. 77. p. 509, 517. See also editorial p. 476.
• 1902
1901.
1900.
1903.
Tear end. June 30—
1.891
1.891
Mile* operat. June 30
L.891
1,891
PassetiKiT eatuin»?s. #5,774.490 $5,487,506 94.979,052 84,653. '.2 l
FrHxht
13,234.298 11,920,097 11,640.003 10.867.502
Mall, express, eto. .
1,257,835
1,286,124
1,377,973
1.309,469
.

Total earnings... 820.390.761 818.717.072 917,877.490 816.806.851
A taxes. 15,609,431 13,744,920 12,755,638 11.749,264

Oper'gexp.

$1,972,152
$ 1,050,512
83,619,520

Not earnliiK'n. ..
Total ne Inoome
Intereal oa bonds.
1

RentalM,»'tc

Dlvldendrton pref.

Dividend on com.
Frelxlit chis, etc..

$5,121,852
95,249.506
$2,685,056
231,907
(5)500.000

ISO. 131
(5)499.9 1
(4)1,119.612(4)1,119,572 (3»«)979, 626
311,261
600,371
567.852
I

$5,057,587
95,140,520
$2,661,442
224,471
(5)500.000
(3iS39,840
821,567

Balance

sur $99,180 snr.$30,974 sur.$285,065 sur.$93,200
-President, M. E. Iugalls, Clnolnnatl, O
Vloe-Presldent,
J. 1). Lajng. Svm York; Beoretary, B. V. Unborn. Cincinnati, o. Treasurer, Chan. K. Cox, New York; Auditor. P. A Hewitt, Cincinnati. O.
v
un K Tanderbtlt, Krod'k W.Vanderbllt. Chaumer M Oeuew,
J. IMsruont Morgan, 11. McK. Twombly, James I). Layr.K. WiIIIbiii
II.
Newman, Walter 1'. mi«-. <>' «ew York; .\[«\'iinior McDonald and Melville K. In;

;

11

S'lllt. I'liiclnimt

-(Y.70.

p.

I:

.limit's U.in.i'tr

L406; V. 77.

ClcvcUnd

p. 21>:», ,>t>9.

O.

510, 517,769.)

A

<l.\.lnml Lorain

\V heeling It v.— ( See Map B. <t O.)— Owns
fron Lorain, O., to Hrldncport.O.. opposite Wheeling, W.Va., 158 miles;
Lester t^i Cleveland, 2s miles, ami brauoh to BeUaire, O., 6 miles;
total, 192 miles, and has trackage Into Wheeling.
HtnTtiiiY.— This la a consolidation of Nov. 23, 1893. (SeeV. 57,p.979.)
Operated since Feb. 1, 1902, by the Bait. A Ohio, whloh owns about 75
per cent of the stock. See that company and V. 72, p. 480; V. 73, p. 236.
Stook.— Common, 98.000,000. and prer non-oum., 5 p.c, 95,000,000,
par 9100. AfterS p.o.on each, both stocks share alike.— V. 60, p. 1058.
Dividends.— On preferred In 1896, 3 p. c; none since.
Bonds.— Of the $io.ooo,000 consol. refunding «oid 4>*b, 85,000.000
are reserved to retire tit st 5s. $1,000,000 for general 5s due June 1,
1936, remainder for Improvements, t«ie.
;>>,480.
About $1,000,000 consol. 5s of 1898 are stamped subject tooall at 110. On July 1,
1902, real estate mort«..*loo.000.
Km <>Ki. - Beport for year einllng June 30, 1902, was In V. 76, p. 208.

Show

1

11 l:.

aBoe, t

<r<-

i65,5^6; bal
V. 76. p. 208.)
-

V. 72. p. 480; V. 73, p.

236, 963;

OOO

Cleveland,
O., to Hhiiron, Pa., 81 miles [57 double track]: Nlles. O., to New Lisbon.
Leased to Nypano Kit. (formerli N v
O., and branciiis.il miles
Penn. A Ohio) till 1962 rental 8525.967 per annum. Coupon interest
Is J. A J., registered Interest, o.-j. stock is $3,259,200, of which
82,758,250 Is held bv "Atlantic First Leased Lines Rental Trust Co.,
Limited. " of London.
Dividends In 1S97, 13i(» p. c; 1898 to 1902,
both Inclusive, 13 ^ D. c. y-arly.— (V. 63, p. 968.)
Cleveland A ^lnrloiin Kr.- Owns from Marietta, O., to Canal
Dover. 103 miles, and branoh 7 miles, Zoar, O., Ut Canal Dover, leased.
Pennsylvan'
ned oontrol In Nov., 1893, bavin ft put
about two-thirds of the stock, and took cii.irk.-e Jan. 1, 1900. the net
revenue over operating
taxes and interest ou bonds being
returned to the company. Stook, 92,000,000— par 9100. V. 69, p. 1345.
Bonds.— Guaranteed prin. and int. by Pean 09. sink, fund 1 p. c
Kakmm;s- Report For 1903 In V. 77, p, 87, showed, gross, 9696,051;
net. B133.417; other income, 91.700; int. on bonds, el
>; bal..
but., 933,434.
In 1901, gross, $601,154; net. $139,187.— (. 77. p. 87.)
Cleveland A Plttabnjra RR.-f*c Map I'ennsytrania Railroad.
Cleveland, O., to Rochester, Pa., 121 miles; branches— Bayard, O..
Philadelphia, 31 m; Yellow Creek to Bellalre, 4 3 m.; other.Sm.;
age, Roch»st,. r to Pittsburg (Pltteb. Ft. W.AChlc.),26 m.; total, 227 m.
Lbask— leased for999years. De3. 1, 1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. o. on $11,226,300 stock,
Interest on bonds and organization expenses.
,
Bonds.— Generals are all equally seoured; guaranty. V. 56, p. 604.
Earnings.— In 1902, gross earns., $6,834,410; net, $2,736,791; profit
to lessee was $1,504,680.— (V. 73, p. 783, 1159; V. 75. p. 134, 793.1
Cleveland Terminal A; Valley
See Map Baltimore <*
Ohio.
Owns from Cleveland, Ohio, to Valley Junction, 75 miles;
sidings, 67 miles. Successor, as per plan in V. 60, p. 437 and V. 61, p.
70. to Valley Ry. (of Ohio), sold In foreclosure sept. 10. 1895.
STOCK—Of the $5,200,000 common (par$50i B. A O. owns $4,594,300
oonimon and of the 82,200,000 preferred, $949,200; par 8100.
,

;

-

J

V

M

I

Y.,

I
>

3»ug A,

A

8*

600, ooo
9,151, OKI
500, ooo
31,000, ooo

4
5

I

'3

4

g.

227
1,916, ooo
2tt ooo

5

A.

A

F.

A

A. M

A

1,

N Y

g.

'i

,

Hallgarten

.

A Co.

o,

<'. ; utriVl"i'r

4

899 000
700 .ooo

A

1,
1.
l,

L,
'-••lit.,

N. Y..

3

g.

A-

5

K-

A
M.

A

Jen.
Apr.

l,

lut

g.
g.

800.000

Hk.

1930
1898
1947
1947

1,

1,'03.2'S

t

In

1,156 .000
.ooo
4 .1

l;<30

1938
1936

1

J

g.

5
B

1,

May

Wlualow, Leulei 9ept
.Itn
do
do
19*8 1950
go
do
do
ok l, L949
do

ooo
18,650 OOO

J. ui

Pbila..Bead

g.

1933
1936

1.

1.
1,

Jan.

!

o,t.

1,

Mar.
July

1,

h.

f'ol.

8p.

Tr.Oo.Den.ACol.Su
M. Tr .A OoL Bp
Yoik
rtafeDep.ATr.C ..Halt
D. N. Y.,N:Y.8eo.ATr.Co.

New

1929
1906
1930

:.

I

8.

1%

'96,

Oct.

June

'03.notpd.wh.dnc Peb
i'u Omee.
luur
N V, .-ntral Trust.
July
rToneerer peld
Bepl

A.

g.

8,500 000 4 In 19

Oct,

St.

York.

Sept.

1921
1942
1953
1937
1948

1,

1922

1,

1.

Bonds— The first mort. bonds are guaranteed, principal anil interest,
is. .t o. endorsed;
Interest la paid regularly from earnlnj
majorlt Is stamp d as subject to call on 60 days' notice at par and
Interest ou or before May 1, 1901.— V. 71, p. 913. Car trust lease warrants (5s), 8192,000. due $27,000 May l yearly to 1909, Inolni
Earnings.— Year 1901-02, gross, $1 ,21 vj.v.j"; Bet income $413,027
Interest, etc., 823f ,950; surplus, 8207,077.— (V. 76. p. SOB.)
by the

•

A

Coaliulla
Paeiflc lty.—Saltllio to Torreon, Mexlo >, 200 rallea;
completed AO£., 1902. On All*. 10, 1908, John W. Harden
Jersej'Clty ami Lueian T. BOM Of New York were appointed n C
Latter were authorized to hOITOW $50.o00. V. 77. ]). 349
authorized, $1,500,000; all outstanding; par of shares, 9100
Mortcatre tristee, New ,Iei-e-. Title C iinran tee ,v Trust
o.
Bee V. 73, p.
Pres A.
872.
Lullendahl Treee.. 11. T Llllleudahl, 1 > Kiehange
I'L.JersevCitv, N.J. -(V.72, p. s72; V.73, p. 1203; V. 75, p. 841. 1086;

W

,

;

V. 77, p. 349.)

Colebroukdalo Itll,- Pottstown to Harto, Pa., 1284
A Reading By Oommen stock. 9397.215; pai

Leased to Phlla.

A Coke

Coal

W

miles.
-

II v.— Projected from Blkina,
to ctmi
\'a
Vs., about 175 miles, of which Charleston to Otter, '(''I mill
the balance is to he con [1 eted 111 the spring of 1905, 10
In operation:
miles of track havlBg been laid in Sept., 1903. About 50,000 acrea of
coal lands are owned along the line of the road a oonaoltdat
Sept. 1, 1903, with the Ch irbston CleiideDnln
Sutton UK
\
77,
mortgage for si 0,000,p 249,-23. Stook anthtrleed, $5,000,0 o
000 will be made. Year ending June :i 1, 190 t C<4 mil-s
037; 11.'
total deductions, 9105,399 ! bal., sun..
President, H. G. Davis, Blkina,
Va.; Trees. . An bur Lee, Kiklns, W.
M Hendle.y, Washington, D. C.-(V. 77, p. 250, 823.)
Va.; Sec. C.

W

A

.

A

;

,

w

Colorado midland lty.—Owns from Colorado

Bprlnjn to New
Castle, Col., thiough Busk-Ivanhoe tunnel, 234 miles, Including 8nowden to Iveadvllle, 8 m., not operated; Jerome Park branch, 15 miles;
Aspen branch, 18 ra.; total owned, 267 miles. Lea.-tie to
Kitle Creek, 14 miles, and Rio Grande Junction RR., Kllle Creek, Col.,
to Grand Junction, 63 miles; total owned and leased,
1 miles
Organization.—Successor Oot., 1897. to the Colorado Midland Railroad, foreclosed and reorganized per plan in V. 64, p. 122 1, 1 2 2 6.
In May, 1900. a majority of stock was purchased In the Joint Interest
of the Colorado A Southern (Hawley Interests In oontrol In April, 1902,)
and Rio Grande Western (succeeded to b\ theOouid Interests). V. 70,
N o stock Is held
p. 686, 791. 997. 1290; V. 71. p. 28) V. 78. p. 1111.
by the puolio. Pref. $6,000,000; common, $4,000,000.

M

—

Bonds.— In June, 1900. the 96,250,000 3, 8, Is were made full 4 per
oent bonds, and the right to Issue $ .,00, i. 00 prior llen4s was waived;
V. 70. p. 1290; see also V. 71, p. 139.-tV. 72, p. 821.)
l/i-r.i,,,
th urges.
FV«. end. Jurie30— Grosn.
Surp.
1901-2
$2,162,286 9492.866 $41,615 $514,458
820.023
2.385, lsi
19001
688,315
201,775
84.269
515,709
Officers.— President. Frank Trumbull; Vice Free <»eo. W. Kramer.;
Treas., H. B. Henson; Seo Harry Hionner, 74 Broadway, New York.
Directors. — <;r-nville M Dotee. Henry H11U0. .1. Kenne.lv Tod, K
J.Qoald Kdwin (lould, WhibI .w ». I'lerc. <,,-,,. W.Kniuier B,
T. JetTery und Frank rrumuull.
-(V. 71. p. 139; V.72, p. 821; V. 73, p. 84 1 1111, 1312; V. 75,p.665.)
Colorado dt Norlliui «torn Ur,- Moulder to Ward. Col., 26>«
perated from Oct.. 898, EToreoloaure s H le ael for Nov. .1, 1903.
Plan of reorgaalsatton was m preparation In
V. 77, p. 510.
Stook, 9500,000; pur *ioO all lssurd. Yeai ending June jo,
1902, gross, 962,383; net, $64. Pres.. u. i\ Cuiiiertson. Glrard, Pa.
,

,

I

.

Cleveland A HaBomlaa Valley lty.—Owns from

UK.—

I»ue.

K

(

i.uiM I wims'.v

•

4»* g.
3>ug.

2,500 OOO

1,000

A

ttoekholden «m vot« on 0ecS8, IflO:1 , ob gnnmntee
hl<iiK'> lBdl»B»poU«d St Louis Short Lln« K v., ^-'.000,000
OOO.OOO
,1
Indiana Ry. and +3.000.0 n> HprhiKtl.lil Union Depot Co.
bond*.

43'.i,

1)

4»«g '
7
Q

Valle y Rv.

'

.

A

ooo
ooo

.V

York, 2 Wall

do
dO
do
N Y .Wlnslow.Lan.AOo

g.

5 g. J
4»ng J

" ooo

i,a

'

1

J: ••!!••

893

1,000
1900
18
1868 100 Ac
1,000
1897
1.0O0
2USi 1897
100
100
100
1883
1,000
1899
1900
7
1.000
19O0
l.OOO
75 1901
902
1,000
171
1908
1,000
75 1887
1.000
75 1898

,

I Series "A".!. A.

9."SO

l.OOO
1

5

893

u

I.

New

05,000 000
5,000 ooo

30

i

Columbia Southern 1st M.. gold. $2,ioo,000.N...
Columbia it Greenville— St* Sol liiSHN Hi.
Val. A Toledo -Hvn Hocking
( i,lut„bu- Hock.
Cotumb. <t L. JficA.-lst M., g $20,000 p BLNO

1888

202

"
Gen. M.,$l 0,000,000. V, gold J JJ*™;" £ *
Guar. „. & .(end.) P. BB j
SEb/j&I ad
Cleveland Terminal it Fa//«y Bee Hn.i. A Ohio.
Ooahuilu <t Paci/tc 1st If., gold, $2,500,000 ...0'
Oolebrookdale— lstM.,$593,400,uiid Read.M op.ulc
Oolor<tdo Midtaud -let mort., $10,000,000 Ce...C
Colorado >t Sorthwe$tcrn—\*l M gold He.
Colorado dt Southern Common stock, $31,000,000
ihi pref., 4 per cent, bob cum., *s,.".00,000
2(1 pref., 4 per cut, mm cum., $S, 500,000
0'
1st mortgage, gold, 920,000,000. Ce
Car trust notes Nov. 80. 1908, due monthly..
(,'r.

l.OOO
1,000
l.OOO

125
108

•

Col. Sp.it

a

i

When

Stock*— Last
Dividend.

Louis.
Loi i"

8i

v

OUve. Indiana p. St. lotus J Oliit
Clevelawt Lorain <t Wheel. — Pref stock $5,OOO.Ooo
Consol. inort. (now 1st) g. See text. I -in
General mortgage. 91.000.ooo. mid, red. 10S.N..
Con.ref. M., $10,000,000, g., red. at l02%Col.O'
€Uv.dt it. V.— Con. M.luow 1st) $3,000,OOO, g <

pal.

b\

1

— (V

73,

p.

602; V. 71, p. 9Sti; V. 77, p 398,

"'10..

Colorado A Southern lty.— (.Vee Map) —Operates from
June; ion,
Line*

Wyoming, through Colorado
Mil**.

Cheyenna toOrtn JnnoUon
Denvat to Besaemer J unct Cot
.

Denver

Coiuo

IM Other
I

. .

.narrow iruuite).
Baldwin Mine
).
do

f. I.ealv.

t<i

(

to Fort

188
lftl

line". br..e'c. (b

fl

nar.traa.)

viz.

Tracknge—Pneb\
(Denver a lllo tiraude)

864

,uru

68

l;lll

Trinidad, t'ol.
Total owned and leaned
ite line
186
AUt, hrtv tar.jt xnterett (n Kort Worth i Donver City Kj.. 4a5 nillen.
raffle

Orln

Worth, Texas,

I

and trackage agreement with Cnion

Pax'trlc,

1.181

connecting

the Cheyenne a Nor. Division with the system at Greeley and Denver;
also over Atchison tracks, Denver to Pueblo, OoL 7. 69, p. 179.
>siz\tion.— Succeeded on Jan. 11, is<e.t, per plan in V
e Union Pacliic Denver .t Gulf and Denver Leadvllle
nisou. Owns a larire majorltv 01 the common stock of Fort Worth A
Denver City Ry.. which see. Co.olado Midland Is controlled )ointly by
Colorado \- southern ami Rio Grande Western. V. 70, y 739 In Mar..
Iwin Hawlev. President of Mliimapolls& St. Louis RR., and
associates, acquired control. V. 7 1. p. 879,727.
VOTTJ
All classes of stock are ves^ d In the votiiu- trusDodge, Frederic P. Olcott, Harry Walters, Henry
BmU'e and J Kennedy Tod until Jan. 1, 1904, and then until the first
preferred stock shall have received a 4 per cent cash dividend for
three consecutive years. The voting trustees may, however, deliver
the stock at any earlier date.
Dividends.—Dtt. on 1st pref., 1900, 2p. c; In 1901, Feb., 2 p o,
for calendar year 1900: Oct., *01, Ik' p.c; In '02, Apr., 1 ifl p.c; Oct., 2 r .0.;
In 1903. 4 p c (AAO )
Bonds— The new mortgage is a tirst lien on all the road, equipment
and other ptoperty, $1,226,000 being reserved for the acquisition of
i

RAILWAY STOCKS AND BONDS

|:*<M

V

/

I

1

[Vol. lxxvii.

t.l'LUortuan

Ft. Casper,

T

E

TtXLINE

X

A S

3

0<

RAILWAY

L903.

..

i

RAILROADS.

it

Date
of

Par

85

1895 SOO&o.
l.OOO
1894

500.000

166
262

W-'og
1900

404

no

1893

1,000

1881

1,000

100

37

M
80

Rlohiord 1st mort. guar, b
Connecticut Hirer
70,000 authorized).
Bonds, not morU'aife, for if l.OOO.OOO, Kold
t
Bondu, not mortJCaKe
do
oo
l-i M
Oontisctmu fl'hil.i
ra i' m i. Im- Kli ..'ii <
Phil, i. .tiii. .v Cheat III. 1st M
if u. t.y Pa. K.y.r
84 per tentKOli mortgage, $5.00 M>00
<fc

.

100

!

1.000
l.ooo
1.0O0
1,000
1,000
1.000

1808
1901
1903

....

6*76

,

5.0O0.OO0
1,050.000
500.000
350.0O0
2,500,000
1,900.000
400,000
350,000
2,630.000
l.OOO.OOO
290,000
69,0 00

1864

nl
1-1 M
*-'00.000, Int.gu.
Oovptrt „nJS,i u
Copper Range— \m mortgage, K"hl (eee text)
Cornwall it Lebanon.— Mock

1»4
26

1st mort., i*soo,000. red. at par be^lnnlnc 19of..r
1 st
uiort i*l 1 .-50.000). Ce.O
Corvallit ,f Kattem
Kattor* lnt in.rt--.irc >l,()0o,000,(r. K-.o"
1st
Cuba
gold fiu.OoO per mllfl 'loc.tr
Cumberland 4 I'rnnsylcaniu lit mort., K-, O.gO..

2b

1891

M

ilo-

7

.

36

.

105

atook

343
57

i

K02.058; baL.enr., 6374^13.
June 30. Report for year

lOOli otberlneoi

.ki-iikt.- Fiscal >ear ends
in V. 75. p. ti07, allowing:

80—

rear muling June

A

Operating cxpciisca
Net.

on Donda,

iBteraet

1900-01.
64,794,648

etc
knee, surplu

1899-00.
64.237,74:1

3.712300

1901-03.

66,680,337
4,260,425
*1,31H.H02
61,379,362
752,603

taxee..

8.330.774
*0O«i,969

* l,o>«2, ;i49
$1,124,524

6945,890

718.876

7oo.niti
-

....

i

i

i

on lat i>r.-r
'7.500 (34%)$297,500(2<\,)*17ii.i'00
Paid rrom total anrplna, whioh Jane '(». 1802.
6807
ciii
:u, hi. i.r.nvlllc M. Dodge, New Y..rk Citv. I're-Iind General Manager, l-'iank Trnmbuu, D. dtot, OoL; secretary
aad Treasurer. HaiT} Hi.uin.r. 74 Broadway. Ne\s York in

•Dlvi.len.l-*

«m

•

(

-.

K.l»»r.l

K.lwur.l

Ilerwiii.l

J.

Ilenderg

('.

Adolull

n.

J
J.

by!" Stock*— Loot

Dividend.

<>i

milium, o., Treasurer Sept. 10 '03,2%

Bost.,N Hk of

001.1/03,1%%
oo

J.

.v

A

I)

A

B'ston.Faneull HallB'k
Bos.

P.
I.

.v
,v

.1

.1

l.OOO.OOO
1.292.950 8 In 1903

ion,

Q.— J.

A

1,
1,

.

199©
192©

do
do
do
Phlla., Broad
do
do

do
do
do
Mass.
do

1911
July 1,'03

1943
1921

1.

Jan.
Jan.

do

5%

1,
1,

Bept

1923

Sept. 15. 1904V

Ht

May 1. I'll
Mar 15, 1992
May 1, 11/18

d*>

Boston, Maes.

Oct.

Co.'s oil, 1,,-banon, Pa. July

do

do

N\ Y., Knlck.

TreM

I

924/

34%

'03,3%
l. 1943
•o3.3%

apr.

ilo

New York

1

.

Julv.-03.

II.

I

do
do
do

O.

A.

A S.
J. A J.
J. A J.
M.15A8
M. A N.
M.15&S
M. A N.
A. A O.
F. A A.
A. A O.
F. A A
3.
J A J.
M. A N.

r

\\

1911

do

A. Boston, H

M.

K.

1

Munchc-fr. N

J.

\\

:.

June
June

do

.1

A.

&

ti.l)

D.

A
A
A
A

>.i

1

D

I.

K-

Oct. 1, "03.1

do

A

J.
J.
F.

t

July 1, 1018
Jan. 1, 1016
0*1 i,o:i.i4%

l:

.it.

J.

SOO.oOO 6 In 1903
766,400
5
2,115.000
4 g.
•111,00(1
6 g.
4.0O0.00O
5 g.

50

statement to
rtlea. etc., at not exceeding $300,000 a year,
tfea Yi>rk -ui.ck Bxohenge In V. >>-. p. 102,.
Gross, $6,1 12, 9-9; net, $1,1'
12
., I 19o2-3
July l to Jane 80. (1001-2
Uroaa. 5,580,327; not, 1.636,088
bum. ending Mot. :to, n»0J: Net, *»;74,7:t7, agalnel #*;r»:i ,393 in

5
5

A

J.

34
34
6
44
34 g.

592.000
200.O0O
1,410,000

l,i>00
1908
1902 l.OOOAo
1891
1,000

i

*

1

1,'M'O

I89fl

....
....

.

Common

i

a.-j.
Q.-J.

10

1,000.000

Ac

100

6
5

399. (too

1883
1902
1888
1809 500,4©.
50

Valley

J

o.—j.

34 A 4
34
7
6
4

A

Q—J.

7
6
4

.MM). (KM)

lOO
100

'

ti

UK-

7
7
7

5,1)7.600

1,000
1.0O0
l.ooo
l.ooo

1881
1890

....

oDebenture bonda, 61,150,000. currency
Do
do
11,000.000, Int. ffnar
Concord <* Porta.—Stock, 7 p.o. rn* 1,99 yra.Cone'd
Conn. <t I'aaium. — Prof, stock, i> c. renl'1.99 yra.0"
c
Lat mortgage 81,800,000, gold
Massawlppi st'k, tfuur.saiiie dlv. as Conn. A Pass.

Cumberland

VI

WTiom.
'

J.
J.

44

54(1, -lOO

100
100
100

.

I

1)1

Where Payable, and

Payable

<y,,i.

1""

pf.)

,v M
Stock, Class III .15.
Stock, Glut IV. (Oonoord) 96,000,000 .n.iii i.t
..o
Boat. Con. A Mon. Improvement n
ConoordA Montreal con. M. ror85.50O.0O0 lilt c

I

When

l**-1

1,786.900 See text
5
517.400

850

71

.

Newport

* t*

lt

*

Bonds— Principal, When l>ac

llv.

-i.i.k, 8 DBF cent rental
if X' ma
Combination ltruhie (Sioux (:,l,,, la. )—\*l M.
Concord dt Olaremont (\. II. >l»l n
Concord it M
k, Class I. (B. C. A M.
BtOck.Class II iB. C A M n.-w,
(

<>K
r»ntiit.»ni?in«r
ul*"» uulu

Bond* Value. "

i.l.

i

L365

Sire, or

of

a.

I

AND BONDS.

IKS

N

Miles

For explanation of column beadlnga,
on drat paKe of U
l>atfe<

Oolumbu*
OolumOun

ST<

1.

1.
1,

Fell.

it\

Co.

1949>

9/03,3%

Apr.

Mar.
July

1,

1921

1998
1933

N. Y.. Morton Trust Co.
1, 1953:
(Juar. Trust Co. of N Y. May 1, 1921
Phlla. AChamberebnrir. Oct. l.'03»2%

KK.—

Concord
.^lontreal
From Nashua. N. H., via Coa
oord, Plymouth, etc., to (iroveton and the White Mountains, 454>
miles in all, (inclii. line Manchester & Keene, 30 mile-, owned lolntry,
414 miles; 86 miles double truck. A branoh from Com ord to Hudson,
N. II
about 35 miles, to be operated electrically, is under
-tructkia
(18 mllea completed In Auif., 1902); $l,000,0Oo bond- will bo Isaued
thenfur. V. 71, p. 688, 761; V. 74, p. 787. June j
,.ed te*
Boston A Maine for 91 years at rental of 7D.0. DOX Himum on all
stock. The stockholders voted on April 8. l'.lOii. to purclia-.- the ConOOrd Street Ky and to Issue $500,000 stock, of wh
>0 wa*
sold in June, 1903. V. 76, p. 751. — (V. 76, p. 1406 )

en

,

.

.

Concord A Portsmou
Man. h.-ter, N. H., 404 miles.

t It

KK.— Owns
Leased

years; rental. $25,000; 7 p. o. on stock
so operated by the Boston A Maine.

Portsmouth,

BT.

H..

t

to Concord KK. in 1862 for 9k.
and orKanlxatlon expenaea, and)

Connecticut

dc PaMMiimpnlc III vers It It.— White River June. _
Canada Line. 110 m.; leases 999 years Maaaawlppl Valley, 37 m.
Lbabe.— From January 1, 1887,
leased
to
the Boston
m.
Lowell for 88 year- on a basis to pay Connecticut & Passumpslo stock

Vt., to

i»r cent till January, 1S97, Inclusive, ami 6 per cent thereafter.
iiiks.— Massawlppl stock receives same dividends as stock of
and $400,000 of ft [not included l-i the amount outstanding T
la
pledged as part security for 4s of 1893. Of the $2,500,04*0
preferred, $500,000. as also 660,000 Maaaawlppl Valley By, stock,
are repre-ented by Connecticut Tru
if
Hartford
5 per cent trust certiticates. under which the Vermont Valley haa the>
right for 4"> > ears from Aiuf. 1, 1 8*5, to purchase the trust stock at
par and Interest and In the meantime reoeivea all dividends ai>
p.r -cut per annum on the stock deposited In trust.— (V. 57, p. 1040.'
Connecticut Itiver Kit.—Owns from Sprln»rfield, Mass., **•
Keene. N. H.. 74 miles (double tracked, 36 miles)
branches, 6 mllea.
In Sept., 1903, purchase of Vermont Valley RR., 24 miles, waa atlll
proposed. V. 76, p. 212.
l.K ask.— leased for 99 years from Jan. 1, 1893, to the Beaton
3>
Maine, annual rental (aa amended Oct. 10, 1895) beinR 10 per cent per
annum on capital stock), payable directly to the stockholders la semiannual Instalments Jan. 1 and July 1, and In addition thereto inteToeO
on bonds and serin and $2,000 for organization expenses. Lessee pays
all taxes, {operating expenses, etc., |hut lessor to Issue its stock or
bonds for permanent Improvements.— (Y. 76, p. 212.)
Connecting 11 y. ( Philadelphia).— Owns from Mantua J unntieea
to rrankford Junction, Pa., 7 miles; CJermantown Junction to Chant
nut Mill. 7 mllea; brauches, etc., 29 miles; total, about 36 mllea.
latum Jan. 1. 1902. with the Philadelphia Oerinantown
Ciie-t nut Hill and other roads
V. 73, p. 390. Stock authorized 66SOO.000: outstanding. $3,613,650; all owned by Fenn. RR. LMrideudepal,' In 1902.4 p. c. (J.AO.)-(V. 75, p. 1354.)
Coop r.l.uvii A 4 liiirlolte talley
(.S>.
)/, (/
Vet. JL
iin.i
iu ns charlotte Croaalng to Davenpon Centre, 4*51 mile*from .la. .1, 1889, Cooperatow n <fe Susque Vallay
operatown to charlotte Croaalng. with branch to coop.-rsiowa»
Jot., 18*48 m.. guaranteeing inter«-t on latter's $20j,ooo B
i>. e. bond*
Btook, $45,000, acipilred July, 1903.
c.-pper itanye K 11.— Calumet. Mich., to Mass City, whfa
branches: total. Oct
1903, 105 mile-; -1.1. tracks, 15 miles. Stoek.
$2,605,100; pur of share-, t 100. Controlled In tntere-t of Coiiper Rancw
'onsolidated (Mining) Oo. Bonds limited t- 620,
pel mile of main
5

leasee,

nan II. Keain. hlcatfO,
1366; V. 76, p. 342. 607; Y.

Ballin

— (Y.

I

74.

p.

111.;

Frank Trumtjiil

6, p.

J

reek IIMrlit It J — olorndo
Sprlni;* to Cripple Creek. Col.. Itinillen, l.r.mcli, Cameron to] Ylctor, B
ier branchee and aonra, 24 m; total, 75 mllea, or wnlob

OlormdO Sprln^H A

«

t

ripple

I

(

.

m

and electric and 5
purely electric Electric tinea
prlnoipal towna in Cripple Creek dUtilol owned by the
the principal mines of the rlppie Creek Di-trlct.
Hug, common. $1,200,000; preferred, 5 p. e non,. a.
-i
Beginning Jan. l. 1901,
.1 Of "> per cent of
xrni* earning.'-* for preceding \ ear nan n^
tire nrat mortgage bonds yearly at 110 for the
15 yeare, then at
1074 f
the next tl\e veins, then 102 4 for three
years, t her, alter «t pur.
Of the lira!
.TT.uiki
eaerred to retire the $1,977 ,0O0 first and $1,000,000 second
"•lids; in oct. liio:i. $756,000 or the second mortgage
ad
tit o.l
V. 7t
p
ending Jnn
«
carnlnRs, $P81.7.1.
sink fu
J, hal..
• ur., $225.0 9
Pres., Irvlnn Howbert; Sec. and Aaat Ireaa., K. F.
rreas.. I'. M W.....1-. Ami., [.. I. I.inney .- Y. 77, p. |
r,
7
Colorado a VTyoaaiM it)
Hortrl e to Banrlao, w\o., is
cottons with various IIlps at Poeblo, ( ol., main 111
aiding*. 95 mllea; frlnidad, OoL to Caratro, with spurs torn:
miles; total, 171 miles
rbo Colorado Fuel A Iron c... ..» ns the $100,
OO ) stock. Bonds,
tnlilc above.
Picsl.lcnt. F.J. Henrii.-.
ii

i

>t

.

6m

i

I

i

.

.

mm

I

(

.

—

OM

OeliaMaNawbarn
C, 75

6.

m.

mil,-.,

k.

.,

a Laaroaa int.— OOtuabla

*50u.ooo

Bond-,

wore 6>, bnl

at, certificate i of tnteteet

t«>

It i.aurcnsa
re-taani

amonnl

>f

bonus being lssue.l bearing interest. If earn..!. Loana and bills
payable Jane :<". 1908, |i3.ooa for \.ir ending Jam
gross, *1;»j H
deduction?
616,l'.i7.
Presi.lciit.\S.(;.rhU(ls. Colmnl ill, 8. C.
Columbia southern Hi .— See Scpp. for Jan.,
Columhu* flock. Valley A Tol.—8k> Ho.kin,; Yallkt Rt.
1

Lake loklapaa ItH.-Owns Uma.

Cliiiiihua |oY

;

A

A

KH.—

.

(

-

of

anoe. 40 miles
V. 7

i

u,

(i

I

.,

,

,

Successor. \ng.. 1902. to Col. Lima A Mllw. KK lore
289. 1147. Stock authorized, per mile. of common and 4 p. o uoii-cuinulatlvc pref. par, $100
table above.
President, lieo A. Uarrettaon: Treaa., K. Hone Norton
33 Wall su. N Y
V. 7b. p
.

p.

,

.

(

p.

Col.
606

Sanduaky A

KK.— Foreclosed

IIo<klii K

in

1902

- (Y.

75,

i

olniiihii* A southern Ky.-I.anca-.ter Junction, O., at a conwlth the Penn KK ,to South Blocn
cessor of the Colomboa Wellaton and Southern KK.. sold in foreclosui,. toj
()|1 |,
1306) V. 75. p. 184, Mock uuth., r'.,O0O,000.-(Y 75. p
Coin bus Terminal \ Trans ler Kit.— Y 7.S. p. 1202.
Columbus A Xenla KK.— Owns from Oolnmb
ula, O.,
55 miles. Operated aa a dr-lalon of the l.lttle Miami, and is leased for
99 years fn.m December, 1869, in connection with that road, to t)
bury Clnolnnatt Chicago A St. Lonla, whloh pavs s per cent on
put in March. 1901. the
percent from assets was dlscontln
-«'"'•
"
u-anteed by the Pennsylvania RR.
formerly paid 8« B per cent dividend
\
5 out i"»f assets, per annum.
i., per.vnt
March lo and senreinber lo and
June 10 and
Dec. 10 but m March. l«n 1. the
per cent from assets was discontinued for the present— (V. 72. p. 532.)
i

|

t

j

•

m

I

Stanwood. Boston. Ottlce, Houtfhton, Mich — (V. 7o, p. 860.)'
< nrinvall KK.— V. 74, p. 1139.
rim.ili a Lebanon It It.— Owns Lebanon, Pa., to Conewa*».
21 66 miles; bran.
In June, 1801,
vaniai
quired 6540,000 stock, nearly all the remainder heme
o-v nd by the Lackawanna Steel Co
V. 72, p 1341, 1288.
To 1893
'94'95. '96 '97 '98 '99 1900 '01 '02 1903
it) Mto44yrly
4
44 5 5»« 6
6
months. (1903
1
Gross, $.53,734; net, if
July 1 to Aug. 31.
(1902
,33^
ear
net, 8104,743; Interest and
„„y.
J
0; baX, aurp., 818,423 -<V. 72, p 67V»
..r mi |||» a I la si, r n it it.Own* from Ya
inah. Ore..
«

I

24

34

»;

<

!

uii/.e.l in

-',-,

.

l

1

(

,

i-'

.

-',-,

>

l,,

Mon £!*«? (Moux
f"
long over Mis-,.url Kixer.

city, laur-Owna steel brtdgo
i o; ,w
1,940 feet
with approaches, 1 mile, u
railroads an. street cars and as ah
.500.0(H).
nion ind all outstanding. MortvaK-e trustee, Union Ti
dianapollB. Ind. Prep., Joa,
Bond, Latrobe, Pa.; Treaa.. T. A.
Mo 8e°J"- F L E aton, Sioux City, la.343)
.

,

I

-

Q

'

' ;

-

-

:

.,

purchase and extend the Oregon Centi

n.

I'

which was the

dd in foreclosure Dec. 22,
F2.115.000
M,ir:KaKe provides for ex-"
Bnaki
Malheur Co.
iidinir June 80, 1902, (ttosb, $128, S93;
a»t
I ; total deductions, $67.220.- (V. 68,
p.
Cotton Melt See8t. Louis Southwestern Ry.
(nia lla.ii-rn
It. -To be completed Mar. 1, 1904, from Granav
dlllo Bay, on south ooaet of Cuba, noithu
Qtanamo to forest
lands owned by the Cuba Hare wood Co., 43 miles; to
be ext.
eventually to Mpe Bay. on the north shore of Cuba; also branch
built from a point nearOuantanamo easterly to
Baracao. Has 5-year
-

i

•

ir.l t..

—

R

,

v

D

:

RAILWAY STOCKS AND BONDS.

1366

[Vol. lxxvii.
rr

MAP OF THE

'

?77

^^vrfc>g t R EAJ

DELAWARE & HUDSON

^^1^ utcrloo

^^0^

1UILROAD SYSTEM.

^A^

^Karnh&m

St. Johns

pSutton

ROUSE SpV,.

TV-

*?•

MOOERS

At,

V

JC.|
WCHA

"<">•

.1

_ V
^eekniKim.wi

,

PLATTSBURG
P*0t>C)n

?GDENSBURQ/\

xyon
St. Rejjl* Falls

SIX-

g^^^

III

kVJ

Cambridge Jo
iJflltoi/ *

|fW||W"Bf

I

^^ L A/,// ^rronn* ^fcort KiTnt

o

i/-

V""

^^-_

V#iV*ySABLE^^t2ik5--—
Bloomy* )/f±S»^' 1 ;\,1BUrWtON

Kalb

Jc.

Id

•

B^lll»W,» ghrB

A0<»

\4
L

J,"1C

^^

'

sGohn»burv

^N>

/charlotte

tfrPE»-'

ER

Montpelier Jc.
ilOWD'O.^

Web,P ° r

$ ADIRd&DAiK«<£0

^•vme

o>Vphllkderphla

Wells River

4C
|jM.d*dlebury

PortHen7y|T[^
XCharthafje

Tft..,„^,n-.T.HI„

V / (h-^J/
f

'**'

fc^A

°*v n

'It
lift

^6o r

v^'lJrJ'

RacOUrttaJ.

^

tartlnsburg

J

Sandy

".'\

-':'.

r

o

(Richland

v

^

A

e

,

rs

.

§

»^-V^lcc

,,

\

;

J

,

';

,

'-"

V<

af^

6

" ter;rc -

ALDWIN ft|'cor«)E^oGA

<y,

V"

v^J^main

NORTH CREEK^jg, \,,.

,,\

Cr.

^

Cruwn ivimm»

FT.T.do N DEr.oGA^L1

^v£3* a M
*
,

>

flft^

*ford

'"

,

ir

White R-JuneO

—VR UTLAN

lfl H,T *) iAL
"c

\

tf-§-\/ TH U R M A Nlj™

-

-!.-,'"/»'

1

STONY CREEK*' (/'"'" 1
fe
stony c«
CALDWfELU* .OJ
CALDWELL
o'

V
V*<^*

C"_

Troiiuiii IV'

j^suPsrTocm Fa
>
"*N SjCorinthD

JRomei

r,

-sTAl
«Sl-cill ^Rk-hfi.-ld

Catcnovlal

Ra jldnllJvll!e N™

.

„

V-

/v^J

1

S>

^*^i,.

y

%

j^

t'
\Sl

TROV

/

"

'««

\~V

r

^tf

°*

+'//

«4j

\

/

3-C Stamford.

Andeio

yA^»jJfoN

"

'

,•;

°

n"

H

(

;

\

|)\it

\f(

Brattleboroi
BrattleborotJ
Pc.vrr.al

j^^^^^^kvAt

'

Ty^-""'""-*-""

P^x.

llilford

Norw/lch

r,-u-

"/

"^^

'iT

'

BELLOWS FALLS'

i

r

<C-°

/^6^»v

Ikrlin

N.Norwibh!
]J

a_^»'

Cooiwrstown^tr

New

f

c 'aw

Ofi.

Xji /<^CH ER R Y VALI^Y (g^ohc,), >lw ^'V S o

rlvilleV\

Ml

Bali

^^^^^r"^^: JJ^^^^V X
^rnfr^^
»C/i en ^c\C-

Uchfleid
Borlnin

/%A

/

-'"'xi,,

Q

J
'

\§yra^se

V^

#|

J\f K.wsB biff; Lx„„ #1 m y
s^Ratogajv-/ >i>*
f
•jflCu'mbyldge
;lk

\o5

Sf*

vVubusn

111

#

.^ff

Northvlllepl

o;^-.

f^tlli/

Gassetts

« lelW Sj3^*f^BEDWARO
>

/

%.,

^

/

^..th vernoVl

/\*
/ \

.

•

RAILWAY STOCKS AND BONDS.

Oct., 190&

i:*(i7

BonUs— xTUiolIN KKEBT OR DIYIl'i
RAILROADS.
Dae.
Miles Date Size, or
Amount Rate Per When Where Payable, and by pal.WhenLast
Sloe ks—
Par
of
of
explanation of column headings, Ac, see notes
Outstanding
For
Dividend.
Payable
Cent.
Whom.
Value.
Road. Bonds
on first page of tables.
I

M

$50

pf
Oumb. VnJ.— (Con.)— Pref. stock ($243,000
1st and 2d mi., gold (2d $94,000 due Apr, 1908.)
o
Dakota Pacific 1-t M «., *ti.'>0,0OO.IB
Dayton <t Mich.—Com. st'k (3 1* p.o. guar.C.H. AD.)
-

I

40

.

so
50

.

guar. C. H. A D.) endorsed
1st mortgage, guar, p. A 1. end by 0, H. A- D
Dayton tt Vmon 1CU. - 1st M.. s. f. (not dr*n)
Dayton f/;uon A'y.-lst M., m. f., call at pur P
Dayton <t Western— 1st M., guar. I* M. and C. A

Preferred

(8 p. o.

e

X.o

38

0"
Gen. M.,Kold PP
Delaware a Chesapeake 1st M., assumed, cur .
o. gu. r"hlla. A Read.
Del. it Bound Br.—Stock— 8 p.

1871
1881
1879
1899
1864

142
32

117
54

c

1st

.

I

J7
....
....
....

,

b'g, 1st mort., assumed...
Dua
Bch
Adirondack, 1st M .gold.gu. p. A 1. end. U»..0*Ar
Ouaranlssd Bonds.—
Hud. Coal Oo. d*b gu., p. A I. end., part due, y ly.
<
Bluff i*. nT Land [mproTe. ('". 1st IL tgoWl^n af.e
.i

Albany A

M., call 105. Co
Bnsqnehan. KK N. Y.

A

,ref.

I

A

.

1901
1890
....
....
1909
<\tr
KK Chate augay
Canada
....

Delate

<#

,Vm7s..mi»f

MR

•'

m-lst M

AHrfgf— 1st

194
99
19

$2.500.0C0,g..s f.K

,

I

'.'.'.'.

M.g.gUp.Al«P.o•

10

1877
1860
1874
1903
1896

River, Md., 82 miles (and with leased lines operates to Winchester, a
116 miles). It leases— Cumberland Valley A Martinsburg Railroad, 34 miles; Dlllsburg A Meohanlosburg Railroad, 7 miles;
Pennsylvania Railroad, 21 miles; leases Cumberland Valley
Southern
A Waynesboro kit., 18 miles; total operated, 163 miles.— (V. 61, p. 152.)

Stock.— Pennsylvania RR. owns 8975,850 oom. and $237,200 pref.
Dividends,— In 1880 to 1884, 10 per oent yearly; from 1885, to
Oct., 1903, both inclusive, at rate of 8 per oent yearly.

Gross, $1,266,190; net, $250,370
Earnings. -8 months, > 1903
Gross,
777,504; net, 263,377
Jan. 1 to Aug. 31.
< 1902
Report.— Earnings entire line as follows:
Set
Int., etc.
Dividends.
BaL.surp
Gross
Tear.
(8 p o )$142,228
$174,415
1902.... $1,256,501 $378,702 $62,059
425,482
65,250 (8 p.o.) 142,228
218,004
1901.... 1,131,531
-(V.66.P. T06;V. 68, p. 668; V. 70, p. 580; V. 72, p. 391. 532.)

Dallna Clcburue A *»•>> li >v. m r it Ity.— *n-> Egan, on Mo.
Kan A Texas UK., to Cleburne, 10 miles. Operated from Deo. 1, 1902.
)

Extension proposed from Egan to Dal'<»s, 27 n lies, and from Cle.ousel to Mo Kansas A Texas Ry V.
burne to Glenrote, 50 miles.
76. p. 48 Bonds authorl/. d. $150,0C0 first mort. 3" year gold 5s. PresV. D Myers, Cleburne. Tex.-(V. 76, p. 48; V.77, p. 88.)
Dallas Terminal Hallway A I nlon Pepot Co.—Sec St Louts
Southwestern Ky. (V. 7(>, p. 157, 653
I

)

"»l l<

lilizan

MH.—iSer Map Oin.Ham.it Day.— Owns

Toledo Jiinc.C).. 141 miles; trackage Into Toledo, 1
m.
In perpetuity to Cincinnati Hamilton A Dayton.
Rental Is Interest and sinking fund and 8 p.'o. on pref. stock and3igp.
sommon. Guarant] onproferred Uaeeured »y mortgage of 187T,
but the preferred curries no voting jH)wer. V. 56, p. 813. Mortgage of
Is held alive under mortg. of 1881, which is therefore a tli
1856
l»u> ton Union Ity. — I'nlon depot at Dayton,
2 1,000
Pre*,, M. E. Ings
all common, all outstanding.
Ralph Peters,
Treas., 0. G.Waldo. Oillce. Cincinnati, 0.-(Y. 73. p. 1J(!3, 1818.)
',j

'

<

Dayton A

nlon

KK.—Owns

:

from Dodson,

O., to Union City,
total operated, 47
(rhloh, lolntly
with the Cincinnati Hamilton A Dayton, owns the 888,800 stock. All
surplus earnings oyer Interest goes to a sinking fund for re iemptlon of
bonds at not above 100. Year ending Oct. 31, 1902, gross, $14^,009
1

Ind.. 82 miles; leases Da\ ton to Dodsdon, 15 miles
miles. Operated by Olereland Clnn. Chicago A ~

;

;

net, 882,368; other Income. 410,128; charges, $40,040.

KK.—

Owns from Dayton, O., to State line
Dayton A Weniern
Ind.. 38 miles, and leases 4 miles to Richmond. Ind. leased from Jan. 1
1865. for 99 years, renewable forever, to Little Ml.-uul, and so operated
St. Louis.
by Pittab. Cln. Ohio.
Under terms of the lease, upon payment of the D. A W. bonds the Little Miami will hecome sole owner
of the D. AW. Of bonds $32,000 are 7s. 8took. $309. 27o
Shcllnot Crossing. Del., to Delmar, Md., 9522
Delaware
miles; branches, Centrevllle. Md.. toTownsend. Del.. 3515 miles; Clayton, Del., to Oxford Md., 64*80 in.: Seaford, Del., to Cambridge, Md.,
3297 m.; Clayton, Del., to Chei- tertown, M<L, 29-37 m.; other branches,
10-46 m.; total, 25797 miles. V. 67, p. 1356.
Leased till May 1. 1997, to the Philadelphia Wilmington A Bait,
which owns $1,664,475 of the stock; rental net earnings— m
V
64. p. 1000. Dividends 1898 to July, 1903. Inclusive, 8 p. c. yearly. In
year ending Oct. 31, 1909. gtoaa, <1. -31.758; net, $564,691; other
lnoome, *'Jt.">77; interest, taxe\ etc., $377,382; dividends (6 p.o.),
$179,230; bal., sur., $32,655.-(V.68,p. 129.)
.v.

KK.—

>•

Delaware A Hound Brook KK.— Owns from Bound Brook

(Central of N. J.) to Delaware River. 27 miles; branches to Trenton, 7;
second track 27 miles; all track 83 miles. In May, 1879, leased for 990

years to Phlla.

A Reading RR.

on

assumed by

stock; lease

for $267,000, paying Interest and 8 p. o.
Phlla. A Read'g Railway.— (V. 68, p. 722.)

Delaware A Hudson Co.— Sec Map. i—Operates railroad lines
from Wtlkesbarve, Pa., via Albany, NT Y., to Rouse's Point, on
Canada line, with branches, 717 miles in all. V. 68, p. 871.
i

!.

July 1. '03, 3%
July 1. 1932
Feb.

M. 8

o

M,h

at 8

•'..

8

M.

A
A
A
A

1912

l.

Third 81 Aug.20,'1
Aug. 1, 1906
Aug. 1. 1905

•JlCorUiiii.lt St. Sep.

do
do
do
do
do

M.15.VN
M.

Ho.

A. Phlla., Guar.T.AS D.Oo.
N. Phlla. .240 So Third St.

H.

8.

do
do
do
do
do

1.V03.1H

Bept l. 1917
Yearly to 1909
1018
i

s.-pt. l.

Deo.

1,

194V

Mile*.

19ig miles, was acquired. V. 77, p. 88. .In Aug.,
Duanesburg RR, (Quaker St. Jet. to Schenec1903, the Schenectady
tady, 14 miles, was merged. V. 77, p. 298.
HI8TOBY. Etc.— This company was chartered April 23, 1823. It la
one of the largest miners and carriers of anthracite coal.
Dividends. < '83 '84 '85 '86 '87 '88 *89 to'96 '97 to '00 '01 »02 1903
Slnoe '82.% < 7 7 6 5
5 6 7 y'rly.
5y'rly. 7
7 Below.
Dividends for 1903 fixed at 7 p. o., payable quarterly. V. 76, p. 48.
Bonds.— In 1899-00 Issued $4,000,000 equipment trust 3 «ss and debenture 4s, of whloli $1,000,000 have been paid and the balance Is paj
"
..\2*
able $350,000 yearly. V. 68. p. 670; V. 69, p. 1193; V. 70. p.
Chateaugay Ore A frqn Co. $l,500j000 bonds are guaranteed by the
D. A H.. of whloli $200,000 reserved to retire In 1907 $200,000 Chateaugay Ry. 6s. V. 73, p. 1263.
General Finances.—On May 9, 1899, the stockholders voted to set
aside every year, as a sinking fund to retire stock and bonds and
guaranteed securities, an amount equal to at least five cents per ton of
coal sold or $175,000 to $200,000 per annum, to be charged against
Income aooount each year. (V. 68, p. 926. See ordinance In full, V. 68,
Estimated amount of coal owned and controlled Jan. 1,
p. 1180.
903, 228,401,765 tons. In 1900 $200,000 stock was retired from prooeeds of the sinking fund; $141,800 In 1901; $151,100 In 1902 and

quehanna Valley RR.,

from Cumberland,

O.. to

1,
1.

.Inn.

.

240

2%

1911
1909
1949
1905

1,

July

J. N. v.. Farm
J. N. Y
Mimk of America.
J.
Cheeks mailed.
J. Phlla., Broad M.Htation

Phlla..

lH

.'3.

.Inn.

|

total distance of

Dayton A

A

"3.

do
N.Y.,KeaslerACo..Cln.
N n.Bk

142
150
Honesdale Branch
28 11 Rensselaer A Saratoga
192
Schenectady A Mechanlovllle. 10 TlUnlon RR
22
Cherry Val. Sharon A Albany 21 HJefferson KR. (trackage)
35
tSoheneotady A Duanesburg.. 14 Other lines
7
57
U Adirondack Ry
Total operated Jan. 1, 1903
717
Also leases Utloa Clinton A Blnirhamton and Rome A Clinton RR,,
44 miles, sub-let to New York Ontario A Western. Operates slnoe
Jan. 1, 1903, the Chateaugav RR. system, Plattsburg to Saranao Lake
and Lake Placid. 83 mlle«. V. 76, p. 101. In July, 1903. tne entire
stock of the Cooperstown A Charlotte Valley RR., ''ooperstown to
Davenport Centre, N. Y., with long-term lease of Cooperstown A Sus-

;

Dayton,

F.

,V

2>

1904-8
1929

1,

.

Cumberland Valley KR,-Owns from Hanisburg, Pa., to Potomac

<

A

1.

Miles.
Lines leased— H See these cos.
Lines owned—
Lackawanna A Susquehanna. 22 •Albany A Susquehanna
Valley RR. of Pa
17 U New York A Canada

Md., to Piedmont, Md., and several branches, 57 miles. Owned and operated by Consolidation Coal Co., which guarantees by endorsement the
first mortgage.
V 52, p. 390. Stock. $1,500,000; par, $100. For year
ending June :»>. 1901, gross, $812,077; net, $364,492 charges, $93.202; dividends. $82,968; bal., sur., $188,322 In 1899-0, net, $164,102.

•

J.
J.

Apr
Apr

i

,

i

A
8

<><t. 1, '03,

do

0. Boston, Inter Trust Co.
i'Iih inuatl.

M.
N.
do
do
May 1, '04-18
3,115.000
4
1,000
J.
do
do
Jhii. 1, 1940
300.000
4 g. J.
1,000
Jan. 1, 1942
1.30O.0O0
4 g. J. .t J.
do
do
1,000
Coop. A Charl. Vul — See those cos.
Pla & KK.. Dtloa CUo.d m Ing.RB
26,200,000 7 In 1903 <+.— J. N. Y., 26 Exchange PI. Oot.20,'03, 1H
50
A 8
.lo
7
do
l.OOO
3,067,000
Bept, 1, 1907
185,000
3
A J. Phlla.. Broad St.Htatlon Jan. 1, 1932
All.
do
do
Jan. 1, 1932
200,000
A J.
All.
3
do
do
650,000
4
Overdue.
(t)
& J N. Y.. Knlokerb. Tr. Co. Mar. 1, 1953
5 gPhiladelphia. Pa.
Aim. l, 1936
l.OOO
1.300.000
4 g.
A A

oontract with Cuba Hardwood Co. V. 76, p. 1 355. Stock, $2,000,000,
Ponds (see above), $41 1,000 outstanding Oct., 1903.
all outstanding
Pre., II. W. Bennett. Office. 79-81 Wall St., N.Y.- (V. 76. p. 1355 )
Cuba III!.- operates from Santa Clara, Cuba, to Santiago de
Cub*. 85 My miles, Of which Santa Clara to San Luis. 335^ iiiile^-.is
owned and balance controlled; also owns branches, Zaza Jot. to Sanotl
BpiritiiK, 9 miles; Altii Oedro to the Bay of Nlpe. lo m.; total owned,
374 i* miles: oontrols Ponupo branch. 12 miles, and leases Jucaro to
Ban Fernando. 49 miles; total operated, 448 miles. 8ee|V. 75, p. 1147,
1847. Koa.l opened Deo. 8. 190J
Stock authorized. $10,000,000 each of common and 6 per oent non
oum. pref.; outstanding, common. *6,O00.0O0; pref $8,000,000; par
of shares, $100. Bonds, see table above. President. Franklin B.
Lord; Vice- Pros., Perclval Farquhar; Treas., James I. Burke. Otfloe, 83
Montgomery St., Jersey City. N. J.— (V. 75, p. 1147, 1307.)

Cumberland A Penimylvanla KR.-Owns

J

J.

eh'

i

v

,

wanna <t Western— Htook
Con. M. now 1st on roaa A equip ($10,000,000) Fe
Delaware Md. * Va.— Junction A B.— 1st mortgage
Break. A Frank. 1st m. to State, red. aft. Jan. ML
Other mortgages
v-viVkW vS.

Del'i

Dtl. Hirrr

1874 100 Ac
1.000
1892

1,000
10.000

1899
L900

57

.

Chat. Or.'

1877 I.oooa.

14

,

,

1,000
100 Ac
100

1875
1879

27

mortgage

8

Q.-J.

8
5

8,987,126 6 in 1903
500,000
4»*g.
400,000
4
8
1,800,000
1,500,000
7
300.000
4
34,407,100 7 in 1903
5,000,000
7
90o.
3>sg.
2,100.000
4
500.000
6
1.000,000
4»sg.

100

2d mortgage, extended In 1899
Delaware if Bttttam- Htock
im at. on Pennsylvania Div. <$) 0.000,000) L'noAr
y'rly.Csm
M
..ulpurt M., $150.oo.i p
Equlpm't deh..$2.5O0.OO<>. $2O0,0O0an ly. Jan. 1

a.

5*

495,000

25

A Chambersburg

Phlla.

.to

1,211,250
2,738,000
225.0O0
489,000

!

1.000
1,000

1892

Q.-J.

2,401. '..in.
;

1,000
1,000
1,000
l.OOO

....

Delaware— Stock

9484.900
233.500
850,000

I

L806 500 ate
1,000
1890

99

A

1

$100,000 in 1903.
Earnings.— Earnings of leased lines In
ending June 30 were:
--

months.

«

Ibuny

1008.

A

Susqiteh.—

.

l,Cr.\-h7

1&02.
fS,12n.853
V41.<M2

Sur. over cbgs.

454 311

329 67/

rt

Gross
ffSt

|2.4<fl.Klrt

New York State for 6 months

«- Y. r.

A Canada.—*

iwn:l.

17

2*0,040
83 nil

lHOtf.

^lient.A Saratoga.-,
11-03.

1W0*.

$540.Mtl il.0iu.4rt tl.S3H.401
8I1.1H4
3-H..X0
«
25.409 df.l62 2'i<! df.SM.S'H

Annual Report.— Fiscal year ends

Deo. 31. Annaal meeting is held
on the second Tuesday in May. Report for 1902 was in Chronicle,
V. 76, p. 538. Coal (anthracite) carried in 1902, 4,640,772 tons; In
1901, 7,571,298 tons; In 1900, 6,228,770 tons.
Tear ending Dee. 31—
1902.
1900.
1901.
Earnings of railroads
$11,050 690 $12,178,683 $11.4-5.1-7

Net (railroads)
Interest, taxes

4,:-t«l,540

and rentals

Profit from railroads
Net coal dept.

2.977,120

5,801.602
2,9y8,672

5.455.769
2,941,873

$1,384,420
U, 258,363

$2,802,930
•1,801,146

$2,513,896
673,494

Total profits
$2,642,783 $4,604,076 $3,187,390
Depreciation of plant.
$
$1,000,000
5% sink, fund on coal mined.
144,907
Dividends
(7)2,450,000 (7)2,425,850 (5)$1,750,000

Deduct

Balance, surplus
$47,876
$944,409 $1,437,390
'Earnings of the coal department in 1902, $12,320,904: expenses,
$11.0(12.541; net. $1,258,363. In 1901, $17,318,770; net, $1,801,145.
Officers- President, David Willcox; Treasurer. 0. A. Walker;
Secretary. F. M. Olyphant. 21 CortlaudtSt., New York.
Managers— It. 'rt M Olyphant, Alexander B. Orr. Chauncer M. Depew,
James \V. Alexander (..no vacancy), John Jacob Astor, IC Sorners Hayes
PrederlC Cromw.-ll, David Willcox, U Suydam (irani, ioorgo
PeatKHly. K 11. Harrlman— (V. 79. p. 10*9, itrtM, i:<00; V.77,
(

Delaware Lackawanna

A Wentern

It

I.

Wllber. C. A.

.

If.— 'Srr }fnp.)- Oper-

ates main line from Hoboken. N. J., opposite N. Y. City, to Buffalo. N.
410 miles, with branchesto anthracite region, eto., 490 miles, viz.:

Y.,

Lines owned—
Lines leased— H See each oo. Miles.
Miles.
N.J. State line to N.Y. line. ...114 UUtloa Chenango A 8usq
97
Blanches to N*rthumberrnd,Ao. 80 flValley RR.of N. Y
11
Lines leased—
ilWarren
19
' Morris A Essex and
branches.157 f Sussex, Ao
48
Lackawanna A Western. 214 Bangor A Portland Ry., Ao.
«~Oayuga A 8usquehanna
34
(V. 72, p. 435)
47
lOswegoA Syracuse
35
II Syracuse Blng. A N.Y
Total operated Jan., 1903.. 947
81
History, Etc.—Original oompan*- chartered in 1832
present title
assumed In 1853. No sub-companies (coal and mining) are controlled,
the railroad owning its anthracite mines. In Apr., 1903 oontrol of the
N. Y. A Hoboken Ferry Co. was purchased. V. 76, p. 918; V.77, p.451.
1

;

Dividends—
Sbaoe 1880,

p. o.

5
\

1881

'82-'84

6\

8 yearly

'85
7»s

'86 to Oct.. '03-

7 yearly

\

:*<>*

RAILWAY STOCKS AND BONDS.
[Vol. lxxvii.

B
<><

RAILWAY STOCKS AND BONDS.

1903.]

i..

I'nncl-

RAILBOAJJB.

ml(M Date

r

1'ar
of
of
For explanation of column headings, Ac, see nutw
Road. Bonds Value.
on tlrst,i>ut.'o of Cfl

50

mth. $1,500,000)

Delaware Sum/. <

De.Sn dtdulf- 1 st
Denver Lakr wood

Usto'

M., </ Ooliien — 1st mortgage.

Zfcfnrer Northxo. it /'««.— 1 hi
iJwicer << #»© Oratule— St.u k. con.
Pref. stock, 5 per oent non cum.,

1902

H<

LOO

Tr.
.*:><).

1st m., gas
#2,000,000, red,
rtKii Fuel Co.,
si M
I

.

Preferred itook,

mm Term
Det Mom™

mort, gold,

l-i

.00.000,

.

y<>rt

it

IstM.

:•

bci

\

I).,,

1st

both

j

s. f..

not

1.000
1,000

606
33

1

1,000

100
100
1,000
1,000

1895
L899

41
127

0'

100
100

stock

1874
1874

- K.int. vnar., end..F
>8ei
Berlea H. int. guar ,en<L.F

-

•••iiiHlly

>

mort on exten., Tarn to Ruthven, mi. gu.. r
F.dNo -1st M..$14,00dp .ni..g.red.Col.o'

55
75

1

Dt» MoineM 1'nuni Btook, .f-'.OOO.OOO
for 9800,000, gold

1,000
1,000
1.000
1,000

issi

1901

100

— 1st equip.

Jfi/.
(.nit in

4
189
189

Ce.o"

0*

M. gu

u -see text)

o'

vN.-ts.— The rotandlnj Ol Morris A Essex bonds maturlnit prior to
Nov.. 1902. ndui'.l the kfiuir. Interest charges of tli»* latter about

UK. ri-fundtiig In 1900 nnd 1905 will reduce

Wiirri'ii

.rly,

V.
o,
(KM) annually.
ulngi of Leased Ltw - Lo

1

177; V. 71, p. 1066.

p.

J.

g.

5

g.

4
5
5

050,000
750.000
1.162

8.
|.
g.

See tei
00,000 8ee text. g..-F.
481,000
5 K5 g. J. A I>.
U 1,923,000
4,283,000
7 In 1003 Aiu-iiNt
1.20O.0O0
4
J. 8
1.2O0.0O0
2»*
4
I.
,V
872,000
1,0'JO.OOO
5 g. J. A J
400.000
671.000
B K. M A B
2,000,000
A. A O.
6
3.2O0.0O0
A. A O.
6
4
1,350,000
J. A J.
3,0<"'

I

.1

.1

xA

lso $2.2

Frek'ln

190L

1909.

$4,592,036

[5,159344

.•uriiu.L.-s

»8,7d4

820,887.763
86,26
-1,200,082
641.943
$^.107. 509

216
'1,638,643

177
hi-,

income.

hi.

401.519

Total not Ineomfl

lis

and

Dtndendi
101
*

l.t-t

k:..

t.rni. D

I

aftrr dividendt

'-.1 19

66.31
12,2

5

14,606

...'.•

lartment In

•

) 1

#26,370,-

Omoi

1

President W.

-

ami

Sci'

Trca-*.,

net |1,900
Truesdale; Ohalrman of Hoard.

11.

r.d K. Chatnl>«

I

BOSB1

icm).

.

I>i-

law on-

'1

11

Tworubly,
J0I111

I).

Kr...lk.
.1

Km

-

JO Btxehoage l'lact., N. Y.
W. VsmU'rliPt, Win. W

rs,

i

...

'

uuei

rttlllman.

.

It.ik.-r.

Win.

M.Taj lor I'wu, H»rrls

kofellor Jr.
1

1

,

-

-

In year.-:

II

i.-u(i

othei

1002, grosi
noe, deflclt toi

does not Include Interest on the floating debt
><>rtliHin plon ItK. — V. 7t.. B 810.
1>. law arc Kt\cr It It. A llrld-o Cii.-On-m a hrldce <n er 1 he
are River near Philadelphia and about 10 miles of conn
owned i.y the Pennsylvania
railroad. Capital
the bonds, principal and lnt<
n each.
Dividend for 6 mos., 2 p. o., paid Dee. 1900
.iy _.;, J p. ,-. sniklnif fund Is
1009, 4 P. 0, yearly (-J J. A I'
one p. c, but hoiuts cannot be called, tiuaranty In V*.63,p

but

tills

Delaware A

DfUnnn Mi«q n haiiuu A- Befcaj Iklll lilt.—Owns main Hue
from Drift."
total
Trackage Lehigh Valley RB
owned. 18 mile*
uillee.
Opened lei 16. 1899. rhe road lo eontrollea by Coxe Bi
Inc. the coal miners. Dividknds Oct 18, 1892, 40 p. a. h
Jf,, l^:u. J.G^ n c
p. o, in rash and 50 p. 0, in rloe*; Sept
.02, 5; in 90S, May, 8 p. 0.
in rush. 1899 tt> 1901,
<

,

.

.

i

•

1

Earmn"-

In year IS

e«t and depreciation,
iV. t
•or., 89,97 i.

>,044

$53,570; dividends (5^

Oclawaro Valley Mil.Deninou

itoiihniii

p.

o

;

lnt.-r-

),$s2.500; bal

a \n\ Orleans By*—Denlson to Bonbam,
.

.

;

.

vV

Qolden

which 22 Bteam, Denser

N. Y..

1.

1

1929

,

a-

Outral TrnBt.
k

of

(

Nov. 1. 1917
Nov. 14, 1918
Nov. 15, 1918
ATr. Co. July 5, '03,2%
1

comin'oe)

N. Y. and London.

N. Y.,Farm. L.

]

33.000 not irnuranteed.

I

\

1

Denver A- Itlo fintBJI lltl. —(Srr Jfnp>— Road—The ltnesof
sompany, together with thoee of the Bio Orande Western Ry.,
4h substantially all owned, are well shown on adjolinn^

this

stock

i

MxUt.
Rio Or. Jc. RR.,eto. deawed)

69

\

Milet.

Of the preceding:
Btandard gauge

|

1,538
^nutre only
Ml
track and 3d rail
1,,,-s
North Fork branch, 48 miles, include. sbore, was completed In
The Crystal River RR , S3 miles, was acquired li
Jan.. 1903
lot ::.
v. 77.
695, 705.
SlSTOBT. Eteoi -ani/ation of a railway company of same name foreThe Ki<> Orande Junction Is teased jointly by
closed July 12, 1886.
flits company and the Colorado Midland, and its bonds guars
foe Colorado Midland is controlled by parti. •* lnten
the D. A R
1, and Oolorad
A Southern. V. 70, i>.
The Missouri I'.ictno early In 1901 aoqu
'.OOOcommon and
$7,300,000 preferred ->t. n-k. thK together with the Bookefeller Intere-t-, it is understood, oonstitutlnK a oonslderable majority of the entire stock - V. 72,
1238 V. 7.i, p.
Diviiiksiis since )'92 '93 '94 '95 '96 '97 '98 '99 *00 '01 '02 1901
91 on pref., p. cent S
2
2
5
8TO( k. —During 1901-2 pref. stock w is hioroaoofl from $23,650,000 to
i.iuo.i 00, to aoqulre the Rio Grande Western stock. Through the
84
aide Western the it.ih Poo] Oo. was aoqotred, V.72,n.776.
nok holders wore
to vote on Oot. 21, 1903, to Increase the pre^
rerrod Btook from 844,400,000 to 860,000,000 to acquire the
miles, and for future requirements.
Hum.- Consols of 1886 for 66,900,000 originally reserved for extension to Ogden (made unnecessary by aoqulsltlon ol RlO Grande
in may be used for other capital requirements.
V. 73, p. 507.
pact of mort<aice In 0HBOH10LB, v*. 17, p. 228.
lue
monaagt abstraot was in cmkoniclb, V. 47, p. 229.
tot ol R. d. W. 1st mort. was In V. 49, p. 237. and statement
^nrk stock Exchange In v. 50. p. 73; also v. 69, p. 884.
The RIo O. W. first ootuot4s'of 1899 are Becared b'y a first morttherdtreotly or by all their securities, on 173 miles of branoh
lines, and further by a second lien on 438 miles of main ltne
and other
ro id. and on all new inlleace to be constructed and rolling stock purIncludlng 50 miles of branches to Heber and coal mines built In
200,000 are
erved to retire the 1st 4s, $2,163,000 were exfor $2,850,000 treasury branch line bonds; .^lo.cxKI.OOO have
I; *s,000,000 were Issuable at
not exc.
i.OOO per annum fur enulpment and Improvomenta They are also secured by a
Ilr-t lien on the entire $10.000,000 stock of the Ctah Fuel Co.
Addlmay also be Issued at .$20,000 per mile for future
extensions or for underlying Ileus of acquired roads.
Bee application to list in full. V. 72, p. 537. V.72,p.775 1189. Uat
of securities deposited as collator »l June 3 >. l'»"3 V 77
p 707
K \i;mn.,s.— From July 1 to Aug. 31, 2 months
"".'*•O™* 1
•"<
Bal.,iur.
Charge*.
r
1903..
1.087,278
1,356,605
40.200
vnmv; Rbpost.— Full report for 1902-03 in v 77, p. 691, 704, the
Rio Grande Western 00X08 Included In two later ears only. Bee also
.

i

Narrow

2.460

'^d

'

i

...

•

00

455

22^4

(

.

81

-

1

.

•

I

:

-

\

Operated -lnoe completion Dec i, L901, by th» Mo
& Texas under a ten-j ear contract, hi Sepl
ed in the road acquired the
irthern li>anchor to Velaaoo, rex., 20 miles. V. 77. i>. ~.
Feb., 1903, permission was ni> en to Issue 0-year gold bonds,
on road between BonhamJct and Bonbam: v. 76, p. 881. President
>cc.. John W. Husse.l. — V
l.d. 1>. -I.i^ci
v. 77. p.

Denver Laktewood

Deo.

Pae Auk. l.'03,7%
N. Y., Fln-t Nat. Hunk. Jan. 1, 1905
do
do
Jan. 1, 1005
do
do
Jan. 1, 1905
N.Y., Colonial Trust Co. July 1, 1931
1:

(

77, p. 349.)

'mting June

V. 77, p. 510.

Kansas

trat\k. of

Chicago.

;

177,641,918. I029i v. 77, p, 541.1
r) In ml A \ Irnl 11 a Kit.— hnil from Harrington
leorgetownto Fraukun City, '
outrolted l>y Phlla. Bait A Wash which <>« n
>t, and so i.\
Peni
HR See

floatli,.

02.114
:

i

I

1,887;

Hloan;

O'-'.l^

lo

L

I

1

;

1,834,000

(7 p. ol

Barnlnus of

85,387.854
961,919
joy

85,250,213

lis

Rental*, edvances, etc

k» nailed,
.

the Ban Pedro L H Anireles A Paolflo a line will
tm established through Colorado. Utah. Nevada .m.i Oalifornla. KxpeetOd tO be completed in about two years. See V.75, p. 289 Contracts
been let See V 75, p 906i V. 77. p. 1 it''. 3 19. Incorporated In July
li.i\
1909. with 820,000,000 authorized stock, or which 810,000,000 preferred 5 per ei nt non .cumulative, all to be issued for OOnstruOUOO
i.OOO 4 per cent bonds. V.75*
together with 820,000.000 of
President David H. Moffatt; Vice-President w. <;. Kvaus-'
p. iii7.
Treas., W. E. Ross-Lewli
H. Gibson.— (V. 75, p. 0C0, 1 147 V

Total June 30. 1903

1,806,0 21

#

\0S

^

N. Y Para.
* T. Oo.
N. Y.. Keealer I

Road owned and operated... 2, 398

1

[7,418,038
1,567.218

1,647,384

\

.

.

$4,186,232
15,195.510

-

I,

By arrangement with

.

.

1

do

_',i

fu nd.

1903.8
1053

1,

.•

Now York8tate

for3 months:
In/.. Tnxtt.elc. Kul.Sxr.
Orittt,
» mot eutl. Mar 31.
$1,325,518
#612,207
8713,811
82.300,956
-J-\:iiO
:05,920
6 16,429
1,796,269
I.".
Annual uii'etlnK Is held
Annual K'
kT ends Dee. 81.
on the Tuesday preceding the last Friday In February. The report for
In Chkonicle, V. 76, p. 477. See also edltptSyr. Blngh'ton A
The following Inoludes all
Bangor A Portland end Look, A Montrose KR.:
Tearruil. Di

May

L959

1 •_',«'

:.'(>,

Pa

July 15, '08j94
Fourth Nat Bank, Jan. 1 1936
do
1936
do
June 1 1028
do
ppeU. July 1 1940
ill.
dO
1039
X. Y., Morton Tr
July 1 1939
ilo
Apr. 1 1049
do
do
Jan. 1 1017
do
do
d<>
Mob, l 1981
do
do
July 1

Offloe, M>:>

4»«g. J.
6

l.OOO

1

Drifton.

Last
Dividend.

N.Y.orMl*H.V.Tr.,S

15,200,000

1,000
1887
1,000
1878
1878 200 Ac.
11
100
v W. st'k,4 p. c. reut'l,L.8.AM8.
U Kauidsd Western— See PKRB Makq CIBTTK RR.
1902. In
y and $284,0 00 In th e sinking
% Of which $100,imiiJ on Nov.

harm A

annul

Delroti

N.

«*>

x2.277.000

L889 l.oooAc
1899 l.OOO&c
399
1,000

436

aon earn

p. a.

4

33,51 7,000
st.l-'O.OOO

cttll.Co.o*

Hut.j. to

Common

/>..</•/-

Preferred Btook, 7

^

,,

When Due.

4g

6,382,500

1901

V

Where Payable, and by

5 In 1003 J.

500

1898

fund

link,

(Vul

See text
38.0OO.000

l.OOO

n<>

oan

per rest, non

•"

Wl "*"

"' r

•

1 2(

1886

•

10.

1

red
took
-

,

1888
1890

llS..Tio

.

1

1

,000 See text M.
5 g
6

|1,

1,621

Tlo.C"
''"

I

Utah Oent

Kilt *'

Outa^idinif
outstanding

1,624
180

I

<

Ac

500

iss<;

.

-

pal,

Amount

100

O'JO.OOO.Tr

.'KKK
lstoons. Illort. r
.,
,
t
J«wsa..i •
(now IstmortgaffO]
Improren ent mort (95,000
liio Grande 8outh*n 1st mora, guar.ve
Klo Grande Junction 1st moi
B4)Ce.c
BloGrandi

i

1,000

1906

56

F

.

Lit roll*, linift.,

L369

,

— Bmbroooi

27

n

Ralston, and 9 trolley Denver to
Barnum. W. W. Borst, reoetvet. On Maj 17. 1902, foreclosure
was entered. v\ 74, p. 1189. Btook, 91,000,000. For 19O1-0
>.
net, $17..
lent Sajnuel Newbonae.— ( V. 74, p. 1139.)
Deaver Knlil A <iulf It It.— Projected from (Juthrle. O T northwest to the Kansas State lino at a point near Alva. o. T.. 180 m.,of
which Guthrie to Enid, 56 in .in operation In Oct 1903 Stock nii'horUed, $15,000,000; out-t.in.lt >;, 61,120,000; ]iar of gl
Bonds hre limited to #20,000 per mile. v. 77, p. 769. Pn
BrcckimiiU-c Jones; Secretary and Treasurer, Henry Semph
both of St. Louis.— V. 76, p. 1355; V. 77. p. 88, 769.
Denver ><>rtli \ve»lerii A Haolilc liy.— Bulldlnc from Denver
to Salt Lake, about r>00 miles, along a line about 100 miles south of
the Union Pacific and 125 miles north of the Denver & Rio Orande
to

.

.

30—

1903.
2,378

Average miles oper'ted
Gross earnings
Net earnlngB
Other income
Total net Income

on bonds
Taxes and insurance.

1902.
2,347

1901.

1900.
1.074

17,304,559 17.03H.828 11.452.404
6,1 71.709
6.705,286 4.328.506
'.717
165.762
111.374
6,871,04*

•

29^,420
436*797
310.314
2.220.COO 2.22O.000

dividend
Balance, surplus

(5)

r

31"

130.101
1,182,500

<

,.

'

J.

Gould,
.

T04.)
i>. iiv. r

Mortimer

•••,

<>1

li

Edw„rd
\ '.

Bohlfl.

nr,E. T. JefJ. W. (Jllluly;
,H V.

F.lwnrd H. Hartlman,

Warner
O. Wolc.itt. I>-

76,

a s..iiii,wc.i.rn

and Florence, etc.,

I,

T.Jeffery and Art:

Itar.i

946,000

(5)

1&5.761
362.625
Officers— Chairman of Board, h
fery; Mce-P:
Mgr., Russell Harding; Treas.,
Sec. and Comptroller. Stephen Little. Ofl
>nrs

l

0,941
113.684

l,*sJ.106

580.016
500.OO0

N.-w e<|iilpinent,
H. tterments, etc
•us
Dividend on of. stk.

"lnj|»"
and Kn.^t'll

10,2

p.

y.— Divide,

145,

691. 6£

I,

Cripple Creek
77 miles; Victor to Isabella, 6 m.; branohes and spurs
l<

Col., to

1370

IJAILWAY STOCKS AXDi BONDS.
[Vol. lxxyii.

c

LWILWAY STOCKS AND BONDS.

Oct.. L903.]

RAILROADS.
Miles Date Sir*, or
A u(lllIlt
For explanation of colum n headings, Ac, see notes
Outstanding RatO POT
lent
bZL. Bend. Value.
on first page of tables.
Detroit
Detroit

Lansing 4 Northern— Bee

M

»

K

iiq

1 1 « »

1895

sea
383

1901
1901

30

.

LOOS
L808

4

1.250.000
4. 294.0O0

4

1,000
1.0O0

160.0O0
51

1,000

lOO

mortgage
Dub. it a. Oily— 111 .(Vn., W. lilies, Ut M ,f I n.O'Ar
Iowa Kail* A Sioux City lot M la. F. to B. City
Ch.-r .V Dak.,c. K. AC and OmahaDIv .etc.lstM
CAr
Chttuth rf Iron Kange—l*t mortgage IMp
1st

1.000
1,000

00 Ac.

.

98-00
1--7 l.OOOAc
1,000
L896

2d mort., ourreno] red, »t 105, $5,ooo.ooo.Ce.o
Duluth itissabe <t North'n-lnl mort.. gold, »• f...
<>
Ik, oonaol M
*3. 500,000. g., call at 105
Ce.c
•^,1 mort. (*5,0O0,0OOi gold, red. at 105
Outuih So. Sh.4 Atlantic— Marq.II.AOn.gen.M.Ce.oDuluth South Shore ,v Atlan.. 1st M. gold. Cc 0*1
First im.m-.o1. mort., gold. Interest guar.Ce.o'Ar
'02>
in.- cert*. ($3,000,000 held by C. Pao. July,
Car trusts nly I. 1903
M., $2,000,000, g...C"
Dul Va. it lOnny l.ake-Ut
see ckntral Nkw England.
iHit. /,<*» County
r
Knit Broad Top i;li. <* Ooal— lit mortgage
Ka*l KiiAuiiov KK.— Btook
»\An<k&o.o K u. 999 yrs. Phil. AR.
Kast Pennsylvania—
raid, guar. p.Al. by P. A K. RR. <eud.)...o'
l*t M
Kn,l Tt«n. Va. •( («<i.— See Southkkn Br.
Kast Tcnn. 4W.N. Oar.— Ut M.$250,OOO.UuP.our.o.
.

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

:

.1

1,000

50
50
1,000

which 43 miles standard
10181,12^
M
lO mines, etc., 41 miles; total, 125 miles, of wli
[litre
Mlillaud Termlual
Incorporated In Nov., 1899, to aoqulri
Irole
orenoe 3k Cripple Creek KK., Golden ('nil. RR., La Bella Mill
tsfer Co. ami $225,000
water .v Power Co., Colorado Trading A Tram
bonds of United States Kcductlon A Refining Co. See prospectus, V.
881.1011,1103: V. 72, p. 984; V. 74, 880; also adv. In Chkoniclk
»

March

3,

1900,

p. Ix.

common stook, $3,000,000; 5 p. o. non-cum. pre
hi ii< k vm> Hi in >*
ferret Itook, tJ.ooO.OOO; all tssuoil. Of the gen. mort 30-year 5s $577.
i

000 were reserved to redeem the outstanding 8407,000 Midland 5s, Ikunderlying bonds remaining nnretlred: 8384,000 have been purabased by tbe sinking fnnd, and $100,000 purohaaed from surplus
earnings are held in the treasury as an ssset. V. 7*. p. R80. Sinking
fund »r 868.000 yearly will retire bondH If purchasable at 110.
hi common,
p. o. quarterly May 1, 1900, to Feb 1,
DrfTDBNDB.
t

{)ui>

m

1

1909, iii< I.; prel, l >* p. 0. quarterly May l, 1900, to Feb. 1, 1902. lnol.
In May, 1902, dividends were deferred because of rate war, which
was settled In -luly. 1809. V. 74, p. 886; V. 75, p. 29.76.
BaJUUXOS. F.t 1! months t-mlln* June 30. 1903: gross, $531,434,
again-i 8503.825 In 1902; net, 8199,379, against 880,824.
RcroBT. Eteporl tor ><'m ending Nov. 30, '902, was In V. 76,
bowing gross. 8'.088,701; net, 8142,064; Interest on bonds,
• nklng fund, $108,655: dlv. on oret (1 ^ p. c). $25,000;
dlv.
In 19<i0-()i gross.
on coin il'-jp
). 845.000; bal.. deflolt, $306,954.
W K. Gllleit; Secretary und
President,
net, $660,651
nsr. J. P. Cotih.
(V. 76, p. 704)
Otlloe, 52 Hroa<lway, N.
,

Y—

l><>.t^. it 11.— owns Des Moines to Ft. Dodge
sndTarato Ruth ven, 55 miles; trackage, Illinois Central, Tars
Dodge Junction, Included above. Leased Jan. 1, 1887, to Chlo.
Boob tal A l'a<'. for 18 years at rental of 30 per cent of tcross earns., with
a guarantee of 4 p«.r cent Interest on the Series A bonds, and 2*« per
eent per snnom on tht> Berles B bonds, both series being equally seoured
by tin- mortgage Of 1"<74. The series K were originally 6 per cent Inhut their coupons have been stamped, rcduciiii; the Interest rate

HolnaaA Fort

!>.•«.

in

.

I

Prolerred stool is entitled to 7 p. o. non2 4 p. 0. guaranteed
ciimuiati\>' dividends. then oommon to 7 p. o. after whlob both shar*
In Auk.-.. 1 9(>3, negotiations for w;d>' of contr. 1. probably to
the Rook island Interests, were reported to t»e p. ding, v. 77, p. 250.
,
'94
96to 9s
1^93
'95
Uivii.KNi.s - j
1899 to 1903
,

'4
A
\earlv
6 yearlv
Rental for year ending Deo. 81, 1901. #207.573: for 1900 was $189,2:.0, 451.)
894. (V. 75. p, 133, V. TH. p 194
Towa Falls, la., to
l>«-» llolaea l«>»*n Falls A Northern '* )
Des Moines, 75 mile-.; completed Aug, 1908. [n July. 1909 extension
Palls i" Mason City was propound. Btook autlu.r'>
arc subject to oall it
on and after July 1,
they are limit, d to $14,000 per mile, with 880,000 additional for
1.1. B. Ellsworth, Iowa Falls; Sec.J.H.
Dee v

On pn

,

.

1

I

•

Funk. TTtins. ss ll Woods.-(V. 74, i> lu:!^; V 76, p. 158.)
lies Hollies I nlon IC) .— Vrmlnal roail In D>-s Moines; owns 4
miles main track and branches, I J mile* 2d and fide trai-k*. bridge
Des Moines River and -."> acre-* of land in d.-h Holm
statemei 1<> N Y stock Kxohange v
p 1173. leased t<>
KK.. Chicago Ureal Western, Chlo. Mil. A St P. Ry , Chicago BnrllngQulnoy KK. and Des Moines Iowa Falls .v Northern K\
V 75,
Rental eqnal to expenses and Axed charges paid monthly by
es on wheelage basis Hills payable InneS
P88.171. Earnings tor year l9"2-03, gross, $240^35; net, 852,910; ohargi
I

(">."•>,

.

(V. 75. p. 342.)

Detroit

Qrmnd Haven A

'llluaiiki-i'

Uj.-Owns

from De-

A reorganization of troit to iiaiid Mas en, Mich., 1«9 mile-*.
ber. 1S7S.
The principal and Interest on the bonds are guarair
1

the (.rand Trunk of Canada. BtOOk, si ,500,0 '". D
bonds or mortgages, $226,000. On June 80, 1901. sundry outstanding
lirand Trunk of Canaos owned Deo. 81, 1902,
20
aoooui
\s to offer to bondholders in huh), see V*. 71, p. 84
the 81.500,000 sunk
For year ending Deo. 31. 1902. gross $1,151,861; int. $27>*,«O0;
Por 1901, gross, 61,077,220.
charges, $30 1.20s; baL, del, 881,808.
I

Detroit Qra\n4 Itapldn A Wentern.—See Pere Maniuette KK.
Detroit Hillsdale A Sou t h weMterii It It.—Owns from Ypsllantl,
Mich, t-o Hunkers, Mich., 65 miles. Leased In perpetuity from July 1,
1881, to the Lake Hhore A Michigan Southern Co.; the rental Is $54,000
per year—4 per cent on stook.
Detroit Mackinac A [flarquettelili.—SkkMiscki.lankousCos.
Detroit A TlucUlnac Ity.—Owns from Bay City, Mloh.,v.
174 miles; Rose City Uranch. 83 m Prosootl Hraiich. 19 m.; Valentine Lake Branch, -t> m Lincoln Branch, 11 miles; rarlous logging
.

;

branohee, (largely temporary) 80 miles; total, 837 miles. Extension
north from Tower to Cheboygan, 28 miles. Is to be oompleted abo t
,. 1, 1903. and to he continued io Mai kinaw in 1904, 2d mi
ther. In duly. 190-L brauoh was under construction from Twining to
Augres on Baglnaw Bay, 8 miles, «nd also Troiu Onaway to
Lake, 5 * miles. In 1902 03 carried 886,316 tons, of which forest
products furnished 6751 percent.
±ii8Tory, Ktc— Formed in Deoember, 1894, to succeed the Detroit
Bay City A Alpena, sold In foreclosure. In May, 1902, Henry K. Mr
Harg and assoclat s acquired control.
Bonds.— "Mortgage bonds" for $500,000 were reserved for better
ments, etc, at not over $50,000 per year. V. 74, p. 629. In addition
1

1

J.

A

1>.

.1

,v

l>

5

A

1'riiiel-

lial.Wheu Due.

and b>

Whom.

tstocki

— Last

Dividend.

N V.. II. K M. I!
July I. '03, 2^
N.Y..J.P. M
June 1, [090
do
Mo
June
N. V.. Colonial Trust Co. Mob 1. 1941
do
do
June 1, 1951
1

To 1905
ToOot.1, 1913

6

41..

2,000,000
I"' A. 6 o
140,000
35.000
6
J. A J.
5,425,000
4 g. F. A A.
2.800.0O0
7
entral b
8,430,000 Illinois
5
6,732.000
Bee texl
6
1,174.000
6 g. J. A J.
1,761.000
6 g. J. A J.
4,658,000
B K- J. A J.
1,077,000
6
A. A O.
3,816,000
5 g. J. A J.
15,107,000
8 ' F. A A.
3.000.000
I
295,111
Bee text.
6g. M A- I

I

.

A J.
J.A D.16
J. A J.
4g. M. A 8.

500.000
497,750
1,730,450
495,000

4
5
6
6

J.

MA S.

US

Tr. Co
Jan. 1. 1953
Liberty B4 Oct.. 190

.nt.

do
do
V.Y.,Ofnos,914
do
do

Jan

onds or

1,

Aug.

1

1,

there

collat.-r.il

for.

N. Y.. of., Empiri

do

1906
1951
1917

1.

!.

do

N. Y., Central Tru-t Co.

do
do
York. 44 Wall St.
do
do
New York or Loudon.
New York.

New

Minneapolis, Minn.

Jan.
Jan.
Jan.
Jan.
Apr.
Jan.

1,
1,
1,
1,
1,
1,
1,

Aug.
Doe 81,
1903 to

Mob.

1,

1937
1U16
1922
1923
1918
1925
1937
1990
1912
1906
1929

Jan.. '85, lnt'st last pd. July 1, 1903
Phlla.,Pa., Read. Term J'ne 15,'03,2>e
Phil., Pull,

do

a Read K> July 16/03.3%
Mch.

do

Phlla. flu. T.

AS

Oo

l>

i,

19&

N'oy

1.

1905

amounts shown above as outstanding, 8450 000 -iirst lien" and
$50,000 'mortgage" bonds wereou June 30, 1903, held in the treasury
Stock.— The capital stock Is $:i,00O.000, of which $2,000,000 00mmon and $1,000,000 5 p. 0. inui-niiii. pre'erred. Bee V. 74 p 629
to the

First dlv.

on pnf.,

2^

p. o.,

Latkst KutNiNos.—
2 mos., July 1 to Aug. 31.

paid July

1,

1908.

Gross, $163,516; net, $51 850
1903
Qtosa, 188,081] net, 42,817
s 1902
— Report for year ending June 30, 1902, was in V 78 n
Kakninos.
1027. In 1902 :i. gross, $95:1.708; net, $287,496; Interest, *;>2.000;
dlv. on pref. (J'. \< c.i, 928,750; bal., surplus for year, $171,746.—
(

(V. 75. p. 849, 1027; V. 76, p. 1248).

Detroit Southern It It.—Operates from Detroit, Mich., to Wellston, O.. via Lima, 31 1 miles, with branches. 121 miles, ( » total of 432
miles. Including about 1!) miles of trackage, and thus constitutes a
route from the bituminous coal Melds In South, rn » >h!o. In Aug., 1902,
acquired the Iron Ky., Ironton. O.,to Centre, 14 miles. Included SbOTO,
anil built connecting lines
V. 76, p 1355. Tbe Toledo A "prliigileld
Ry., whose 5 p. o. bonds will lie guaranteed, is building an extension
Irom Hamler, on the Det, So., to Toledo, 30 miles. V. 7 7, p. 196.
Organization.— consolidation of the Ohio Southern RR. and the
Detroit A Lima Northern Rv. on June 1, 1901, after foreclosure per
plan V. 72, p. 438. -V. 72, p. 626, 722, 1034. 1080.

A

STOCK. -Common authorized. $16,000,000: preferred 4 p c. noncum.. *10,000,000, both as increased July, )903: outstanding common,
$10,500,000; preferred, $6,500,000. The new stool 1- to be used In
part to build a bridge over the Ohl" ntver and orauch Hues. No Immediate issue Is contemplated. V. 76, p. 972.
Votino Tuitht —Both classes of stook are vested until June 1, 1906
(nnless surrendered earlier at their discretion), in the following voting
trustees: Frederick .1. Llsman. John E. Borne, Evans K. Dick, Cyrus J.
Lawrence and Leopold Wallach.
Bonos. -The $4,500,000 40 year 4s are seoured by a purchase
money lien on the Ohio Southern Ky. (Lima to WelNton and branches
In all 263 miles); upon their retirement, for which $4,500,000 of
the fifty year 4s are reserved, the latter will be a first mortgs
all the consolidated properties.
Of the 50-year 4- 82.034AK)
getherwith 8600,000 each of preferred and common stock, were reser\cd for extensions and improvements, and 8978,000 Of th- 40
year 4s for improvements on, and equipment notes of. the Ohio Southern RR. 8ee statement. V.72, p.1237; V.73. p. 1981; V.7">. 11.666, 9o6.
Latest Eakninos— 2 mos., 1903
Qross, 8292,012; net 71 .*04
July 1 to Aug. 30.
(in.--. S i/..'.i7, net,' 54,974
$1902
Rki-kkt.— Report for year ending June 30. 1902, was In V. 75 n
1145. In 1902-3, gross, $1,444,899; net, $351,965. In 19()i 2, gross
earnings, $1.239 906; net, $214.796: Interest and taxes. $318 000baL, del.. 873,904.
Dlreetors October, 1902. V. 72, p. 1080; V. 75 n
980; V. 76. p. 972. 1192, 1355; V. 77, p. 176, 1225.
.

1

'

,

1

4

250,000

1.000

,

of

l'a\ aide,

5

(!)

1881

g.
g.
g.

3.M6.0O0
3 60,000

Del.aTol. -/»./>.- 1-.IM +;i.<mio,ooo,kk".i> .tin.
Dover <i Koekaxcay Stock, p. o., rental 999 yeans

Where

l'.i\able

text. s,,. t.xi

l.o.^O.ooo

t

1

,

860.000 Bee

l.OOO
1.<KM)

All
All

<'
Mortgage, $10.OOO,O<>o gold Co
«-^». dim **S,5<>0 DOnthl]
Ohio Hoiith'n. eioilp
u Booth'n oar trust*, payable Oct. i, rearlj
Toledo & Springfield mi mort., guar

OK DIVIDI M>~

KK.
|100

& Mackmar—Vrnt. stock. $1,000,000 aiith
c
lien," #1,500.000. gold.ITlo
"Mort. bonds" $1,750,000 gold, red. at par. 'Mo.
r*d. to 'Oti at 105.ODel So.— 1st M.,g. 84, •OO.OOO,
"1st

-I

1

When

,

I'kki

|:>7I

Detroit

Ac

Tol-do Shore Line

KK.— Extends from Toledo to

(suburbs of) Detroit. 51 miles, of which 20 doub'e tract; laid with
so-lb. steel rail. Koa.l opened Sept. 8, 1903. The Toledo Ky
Terminal's facilities ar. used. V. 77, p. «2fl.
The Orand Trunk Western Ky. and the Toledo St. Louis & Western RR
own the entire stock and Jointly guarantee the bonds, principal and
Interest, bj endorsement
of guaranty, V. 76, p. 653. of the
bonds $1,000,000 are reserved for extensions and Improvements —
V. 76, p. CfOO; V. 77, p 88. 250, 61

A

Dominion Atlantic

Ity.— (V.

71, p. 29, 84; V. 72, p. 86, 1279.)

m

Dominion Securities Co Organised Mav, 1901, under New
Jersey laws. Owns 90 per cent of the stock of thi- Oape Breton Kv
(V. 73, p. 188.892), 60 percent of the stook of the North American'
Lumber & Pulp Oo. (V. 74, p. 887, 891), etc.
.;
1139
in June, 1903. a reorgtnlzatlon oommittee, J
itmon. Chair
-

& Slotix < lt> Kit.— f See Map of Illinois Central)—
Dubuque, Iowa, to Iowa Falls. 148 miles; Iowa Falls to Sioux
U tnobester toOedar Baplds, 42 mile
iowa
Kails. Dakota, 150 miles; Cedar Palls to Minnesota 81 ite
Line
by consolidation In 1896), 76 miles; Tara Station, near Fort
Dodge, la, to Council Blutls, 130 miles; total owned, 730 miles.
•'/vtion.—Controlled since April, ls«i7, hv the 111. Central RR
which owns all except a few hundred shares of the ~
Itook
(as Increased June, 1900) and has issued Its own bonds on thi
the only 1). a 8. C. bonds held by the public are the 7s Issued
under
DiitMiqiie

v

!

>2,fl00,000.

Divii.hNi.s sin, k 1891
-.,1; '96.3: '97, 2; '98,3»fl; '99, 1>«:
1900,3; 1901, H«; 1902, Jan. l.-(V. 70, p. 1290.)
Dultitli Ac Iron Itan^e lilt.—Owns Duluth to Ely, Minn., 119
miles, with branches to Mesaba Range Mines, Fayal, etc.,65 miles. Owns
ore docks and yards on I>ake Superior oostlng
'.OOO.
—Stock authorized. *l(i,. Kin. oiMi.ontstan. ilng$3.000,000Land grant from Minnesota about 5<
s, of which
201.790 acres had been patented to It prior to April 30, 1 *;).>; V 64 n
1041. Federal Stee
r. s. steel Corp.) owns the stock and
$3,500,000 of the $4,500,000 2d mortgage bonds. (V. 66. p. 1237)
The tlrst mort. bonds are authorized at the rate of $25,000 per mile for
>.

•

RAILWAY STOCKS AND BONDS.

1372
RAILROADS.

A'OL. LXXVII.
Botuts— Princi-

INTERE8T OR DIVIDENDS.

Miles Date Size, or
Amount Rate Per When Where Payable,
Par
of
For explanation of column headings, Ac, see notes of
and by
on first page of tables.
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.

pal, When

Due.
Stocks—Last
Dividend.

.

Eastern Kentucky Ry.— Stock ($1,779,500 Is pref.)
....
Eastern Ry of J/mnwolo-See Oreat Northern.
KlgxnJolield Eastern— 1st M. ($10,000,000) g.Oe.c*
181
Slmira Cortland <£ Northern— &Q& LEHIGH Vallkt RR.
KlmiradtLakeOnt.— 8odusBay ASo.— lst.M., it. Knc 100

Klmira

\\'illiamsport—8t"k, com., 5 p. o. ren'l, NO.
p. o. rental, 999 yrs., No. Cent.

$100

$3,447,300

1891

1,000

8,500,000

1884

1,000

50
50

Preferred stock, 7

75"«
75*9

1st mortgage

75 ^

1860

1,000

500

19

1863
1902

<£

Income bonds, 99 vears to run
o"
ErU.± Central X,w I'.-rfc -1st M.. $250,000. Ta. ..
Pills.— Stock, 7 p.

85
85

rental,999 yrs..PenuOo.
General mort. (now 1st) $4,500,000, g., guar. In

Mrit

<t

Company —Common

Eri* Railroad
2d pref. stock.

4 p.

1st pref. stock, 4

A— Old

o.

c.
p. o,

1890

""""50

1,000

100
100
100

stock.

non-cum
non-oum

Koildn ASSUMED— ROAD8 CONBOLIDA TED.

5g. M.

500,000
5 g.
500,000
5
500,000
7
963,000
6
570,000
5
250,000
5 g.
2,000.000
7
3i* g.
4.287.000
112,378,900
16,000,000
47,892,400 See text.

J.

M.
J.
J.

A.

A
A
A
A
A
A

N. Y., Nat.

N.

Phila.,

Bank Com.

Broad

St.

do
do
do

J.
J.

O.

8ta.

do
do
do

New York,

,

,

u li "I i--ii
Iron, Minn.,
i

I

&

i>i

Northern Ry.— Owns from Duluth

to

Moun-

77 miles; branches and spurs. 76 miles; trackage to
Union Depot, Duluth, 2 miles; total, 155 miles. Entire $2,512,500
stock and $2,305,000 of the bonds are owned by Lake Superior Consolidated Iron Mines, and so by United States Steel Corporation with

tain

$1,100,000,000 of capital stock. V. 72, p. 1038.
Earnings.- For 6 mos. ending June 30, 1903, gross, $1,853,278,
agalnBt $1,662,680 in 1902; net, $1,114,898, against $1,103,570 in
1902.
For year ending June 30,1902, gross. $3,755,416; net, $1,202,954;
other income, $104,602; charges. $762,630; bal., surplus, $544,926.—
(V. 72, p. 183; V. 74, p. 205; V. 76, p. 212.)

liu

I

ii

Hi

South shore & Atlantic Ry.—Operates Duluth

to Sault

Canadian Pacific
Capital Stock.—Common stock

St.

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
pital Stock, or bt (fl)
N. Y., 21 Cortlandt St.
do
do
do
do
Elmlra.Chemong Co.Bk

;

i>ar

;

,

A

Dunkirk Allegheny Valley A Pittsburg.— Owns
A

from Dun

consolidation in 1872.
kirk. N. Y.. to Tltusvllle, Pa., 91 miles.
Operated since Oct. 1,1901, by the Lake Shore A Mich. So. Ry. for
account of New York Central, to whioh leased for 500 years from
1873 at 1>« p. o. od stock. Capital stook, $1,300,000, N. Y. Central
Hudson River Co. owning $1,067,600: par, $100. For year ending
June 30, 1903, gross, $305,429 net, after deducting taxes ($13,628),

A

;

$36,621: charges and dividends, the latter, $19,500 (Ha
N. Y. Central.— (V. 70, p 1290.)

Eatl llroad Top

RR. A

p. c),

paid by

Coal Co. (Pa.)— Owns from Mount

Union, Pa., to Woodvalo, Pa., 81 miles, Shade Cap UK., 11 miles,
and branches to mines. 8 miles. The .Shade Gup KK. was to vote Aug.
see V. 75, p. 77. a coal road, opened in
15. 1902, "ii consolidation,
r-,7-1
Btook 881 1,689 (par $60). of whioh (247,189 is <; p. o. pref.;
i-t mortgage*! ($500,current liabilities June 30, 1902, $8
000) due Jul] l, 1608, remain unpaid; do interest paid thereon since
Int., 6 p. c, payable M.-N, Year 1901-02,
1885. Oilnr on.
bal., deficit,
1104,290; net. $19,o89; interest, etc, $24.781
President, Win. A. Ingham -(V. 77, p. 146).
82,
i.

•

;

Ea»t LoiiIhIhiiii Hlt.-IVurl Klver, La., lo 'o\ ngtnn, 2 I miles
branch, Mandc\ illc Jet. to .Mamie vtllc. 12 miles; totiil, :t(i miles. In
stock. $1,000,000;
V. 72, p. 87.
Jan., L901, control was ehaiufed.
Issued, 8340,800; par, $100. Year to Jnne 80, 1903, gross. $87,311;
ji5 690;
total deductions, $3,919; bal., sur.. $1,771.
President,
P. B. Ilayiie. New Orleans, La.; Trca-*.. C. K. Millings, Covington, La.
(

I

— (V.72, p.

87).

Kant Uiiliailny

RR.— Owns

2862
1922

1,
1,

May
July

'03,1*

1940

1,

'03,

May

2

1947
1919
1923
1920
1928
1931
1920
1920
1916
1908
1929

1,
1,
1,
Oct. 1,
June 1,
July 1,
Sept. 1,
Sept. 1,
June 1,
July 1,
Jan. 1,

Sept
Moh.

Leabe.

1911
1982
1918
Oct.
1905
1928 29
Apr.

May

July

1,
1,
1,
1,

in 1896 by the Phila. A Reading Railway Co. Of the stock
$878,850 is owned by the Reading Company, $875,000 of whioh is deposited under its general mortgage of 1897.
Ea*t shore Terminal Co.'s RR.— See Charleston Terminal Co.
Kant Tennessee Virginia 6c Georgia.— See Southern Rt. Co.

Kant Tennessee

& Western

North Carolina RR..— A

nar-

row-gauge road from Johnson City, Tenn., to Cranberry, N.C., 34 miles,
including 3 miles leased. Stock June 30, 1900, $501,900. Extension
to Lincolnton, N. O. about 75 miles, projected. For year 1901-2, gross,
$95,216; net, $37,470;

int.,

taxes, etc, $13,925.

Eastern Kentucky Ry.— Road from Riverton

to Webbvllle, Ky.,
Chartered in 1866 and opened through in 1889. 8tock is
$1,697,800; preferred $1,779,500. There are no bonds. Bills
and accounts payable June 30, 1902, $26,688. Earns, for vear 1901-2
gross, $56,78y; net, $9,381. In 1900-1, gross. $52,241; net, $6,615.

36 miles.

common

Eel River

RR.— See

Loganeport A Toledo Ry.
A Eastern Ry.— Owns from Waukegan,

111., on
Lake Michigan, via Spaulding and Jollet, to Porter, Ind., 130 miles,
and branches Normantown to Aurora, 10 miles—Walker to Coster, LU.— 32 miles; Hammond to Whiting, Ind., etc, 9 miles; total
main line owned, 18 miles; spurs to ooal mines, etc, 16 miles;
trackage (L. N. A. A Chloago, 9^; Chioago A West Indiana, 4-8; Belt
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 93 miles,
total track operated, 320 miles.
Organization.— An outer bolt line at Chloago for transfer of freight

J<> l let

1

is $12,000,000
preferred, $10,000.both $100. Preferred stock is 6 per cent, non-oum. Canadian
Pacific Julyl, 1903, owned $6,100,000 oom. and $5,100,000 pref. stook,
$3,000,000 incomes and $15,107,000 consols.
Bonds, Ac— Abstracters/ mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
guaranteed by Canadian Pacific, which July 1, 1903, held the entire
outstanding issue ($15,107,000] in its treasury as security for its 4 p. c
debenture stock consols for $4,893,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines.
General Finances.— Of the tonnage in 1902-03, ores furnished 50 p.
c lumber, etc, 24 p. o.
Gross, $534,219; net, $212,593
Latest Earn'b.— 3 mos.,) 1903
July 1 to Aug. 31.
Gross, 530,660; net, 229,948
S 1902
Surplus over charges, $37,144 in 1903, agst. sur., $70,437 in 1902.
Report —Fiscal year now ends June 30. (Report for year ending
June 30, 1903, in V. 77. p. 1221.)
Cross.
Interest
Balance.
Year.
Ncttnertaxet. Oth. inc.
$><13,831
$14,665
$859,700
def. $31,204
1902-3. .$2,772, KM
sur. 20,327
1901-2.. 2,690,569
873,742
6,285
859.700
President, W. F. Fitch, Marquette, Mich. -(V. 75, p. 729, 1202; V.
77, p. 769, 1221.)
Duluth Virginia Rainy Lake Ry.— Projected from Virginia,
Minn., northerly to Koochiching, 97 miles, with branches, of which 35
miles ot main line with 12 miles spur were completed in Oct., 1903.
BtOdk authorized, $2,000,000. In March, 1902, filed a mortgage to
the Minnesota Loan & Trust Co. of Minneapolis, as trustee, to secure
$2,000,t00 bonds, of which $1,500,000 are issuable at $15,000 per
President,
mile of single track and remainder for rolling stock, etc.
Wirt H. Cook; Secretary, Frank W. Heimick.-(V. 74, p. 679, 936.)

000;

Oct.

]8ep. 10,

sumed

Elgin

Bte. Marie, 415 miles; "Soo" Junotion to St. Ignaoe, 43 m.; other. 1 15
m.; total. 574 miles, including 10 miles of trackage. Controlled by

July, 1903
Jan. 1, 1910

Aug. 31,

N. Y., 21 Cortlandt

j

Du

I

'

& N. Offloe, Cortland, N. Y.
<4.-M
N. Y., Union Trust Co.
J. A J.
do
do
f."a A.

July 1, 1924
Nov., 1903

I

I

M.

447
447
447
475
475
60
526
526
140

construction and $7,000 for equipment. Dividends prior to 1900 aggregated 100 per cent; in 1901-2. 6 p. 0.
Earninos.— For 6 mos. ending June 30. 1903, gross, $2,455,444,
against $2,372,126 in 1902; net, $1,328,779, against $1,291,963.
For year ending June 30, 1902, gross, $5,934,868; net $3,779,634;
other income, $44,168; total deductions, $1,210,398; dividends, $1,800,000; balance, surplus, $813,404— (V. 67, p. 71.)

1941

1,

(

J.

1847
1,000
2,482,000
*g- M. A N.
1849
1,000
2,149,000
5 g. M. A 8.
1853
1,000
4,617,000
4>flg. M. A 8.
1857
2,926,000
1,000
5 g. A. A O.
1858 500 Ac.
709,500
* g. J. A D.
1861 200 Ac.
182,600
* g- J. A J.
1870
1,000
16,891,000
7g. M. A 8.
1878 500 Ac.
3,699,500
7g. M. A 8.
1876
1,000
2,380,000
7
J. A D.
67 1877 50 Ac
1,500,000
6 g. J. A J.
12 1868
1,000
250,000
5 g. J. A J.
t— KondM on Properties Controlled by Ownk R8HIP OF ENTI RE (')OK A M AJORITT (J)opCa
•Bergen Co. RR., lstM..Ruth. Jo. to Ridgew. N.J.,
10 L881
1,000
200,000
A. A O.
6
•Ch.AEriel8tM.,g.(Marion,O..toHani d,IndCe.0\ 250 1890
1,000
12,000,000
5 g. M. A N.
Chloago A Atlantic Terminal, 1st mort,, g.Ce.J
1888
1,000
300,000
5 g. J. A J.
JElmlra State Line Railroad, 1st mortage
7 1875 500 Ac.
160,000
A. A O.
7
'68-'69
ITOosh. A Deck'fn, 1st A 2d M's., ($60,000 are 2d)
246,500
Various
6
N.Y. AE. lstM.,Plerm. to Dun., ext.,'97, gold..c"
2d mortgage, (extended In 1879) gold
o*
3d mortgage, (extended In 1883) gold
o*
4th mortgage, (extended In 1880) gold
c*
5th mortgage (extended In 1888), gold
o"
Erie R'y.lst M.,Buff. Br., Hornellsv. to Attlca.g.o*
let consoi. mort., $30,000,000, gold, $ A *. K.c"
N. Y. L. E. A West, funded coupon bonds, gold.o*
Bull. N. Y. A Erie, 1st M. (Buffalo to Corning.. o*
Buff. A Southw., 1st M., Buff, to Jamestown, g.o*
Newburg A N. Y. 1st M., g extended In 1889.0*

May

N. Y., 71 Broadway.

N.

from

BMl Milianoy June, to
Re-leased Dec l, 1896, for

Ht.

'.»;i9
Nicholas and branobes. 11 miles.
Little -cliiivlklll Nav. Kit. and Coal Co. a! ".per cent on
.v K. Ky.
Of the stock $283,650 Is owned,
ami lease assigned to PblL
$280,000 being deposited by Reading Oo. under Its genera] mortgage.
EbnI l*eiiii«ylvaiila lilt.— Owns Reading, Pa U) Allento
86 mUes; seoondtraok 18 miles; all track 76*5 miles. Leased foi
from May 1, 1869, to the Philadelphia A; Reading RR. at a rental of
Lease asper oent per annum on the stook and Interest on the bonds.
.

without breaking bulk.

Also reaches ooal

fields.

Entire capital stook

owned by Federal

Steel Co. and so by United States Steel Corporation.
Stock.—Stook, $6,000,000, par, $100. Dividend, 4 p. o. yearly (in
December) in 1899 to 1902. inclusive.
Bonds, Etc. — First mortgage balance unissued can be disposed of
for extensions, betterments, etc
For 6 mos. ending June 30, 1903, gross, $1,160,556, against $1,081,951 in 1902; net, $331,203, against $409,525.

Report- For year ending June 30 earnings were

:

Tear.
Cross.
Net.
Oth. income. Int. on bonds
Surplus.
1901-2... $2,178,484 $795, «00
$19,225
$404,544
$410,481
1900-1... 2,022,019
750,313
19,495
392,600
377,208
President, A. F. Banks.— (V. 74, p. 151, 205; V. 75, p. 1399.)

Klmlrii Cortland A Northern Ry.— (See Map Lehigh Valley.)—
Owns Elmira, N. Y., to Canastota, N. Y., 118 miles, and leases during
corporate existence, Canastota Northern, Canastota to Camden. N. Y.,
21 miles. In 1896 the $2,000,000 stook was purchased and 5 pe'
oent bonds were guaranteed by the Lehigh Valley and the road leased
In July. 1903, for 999 years to the Lehigh Valley Ky. of New York, a
subsidiary company. (V. 63, p. 402.)

Elmira & Lake Ontario RR.—Owns from Canandalgua, N Y., to
Chemung Junotion, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in Deoeruber, 1886, of the Sodus Bay
;

A Southern and

;

Leased at cost of operating to the
Northern Central, whioh owns all the $1,500,000 stook. Lease may
be terminated on thirty days' notioe. Year ends Dec 31.
Interest, etc.
Cross.
Net.
Balance.
Earnings.
*wr.$20,701
1902
$828,244
$88,790
$68,039
d*1. 41,108
31,607
72,715
1901
785,886
other railroads.

Elmira A WUliamnport Ry.— Owns from Wllliamsport, Pa., to
Elmira, N. Y., 75 1!! miles. Leased to the Northern Central Railway
for 999 years from May 1, 1863. The dividends on the common stook
are 5 p. o. and on the preferred 7 p. c, less taxes, making dividend on
oommon 4 50 per cent and on preferred 6*30 per oent. Year ending
Deo. 31, 1902, gross, $1,254,539; not, $249,277; rental $168,340.
-

El Paso & Northeastern RR.— See New Mexico Rv. & Coal.
Erie A Central New York It It.— Cortlandt, N. Y., to Cincinnati^, L9 miles; completed May, 1898. Suooessorln May, 1902, to the
railway company, sold in foreclosure on March 28, L902. V. 74, p.
par o- -u.ir
i.ible above.
1189. Stock. 82 .ii.ihi
POT year ending June 30, 1908, gross, 832,928; def. under oper. exp.,
811,637; interest ohargea, $12,600. Pres. Wm. W. Montgomery, New
'.

(74, p. 727, 1189, 1195.)

York.-

Erie A Flfttsfeurp Hit.— Owns New Castle, Pa., to
mil— branch, to Brie Docks, miles; traokage, to Brie,

Olrard. Pa., 81
it miles; total
the Pennsylvania Railroad for 999
years from March 1, 1,870. at a rental of 7 per oent on stook and
on the bonds, and the lease transferred to the Pennsylvania
nt. see V. 71, p. 186.
Earnings.—The lease was unprofitable to the lessees in former years,
the defloienoy being in 18>h, $187,967; but in 1899 proilt. $32,873; In
1900, profit $118,216; In 1901, proin, 8307,498; In 1902, profit,
:s

;

i.

101

mill

to

:

:

Brit)

U

(

V. 71. p. 135.)

Railroad.— Srr Map

on ivijonnng

page— Kmbraoes

trunk

irom Jersey OUT, opposite New York City, to Chicago, 111., 998
miles, and branches 1.320 mile* tot al, 2,318 miles second track, 706
miles; :m ami 4th tracks. 24 miles; total, 8,048 miles. The total of
line

;

,318 miles comprises:

;

a

8

RAILWAY stocks AND BONDS.

Oct., L903.]

RAILROADS.

mJm

For explanation of column heading, Ao., nee notes
on flrrtt page of tables.

-ize,

Amount

ioOO&o.
1.0O0
1.0O0

1--

37

'

(

4-s

A

A.

>.
Various N.

ft

100 Ae.

l.ftOO.OOO

5

,00 Ac.
.OO Ac.

400,000

6

l.KKl.tKH)
3,896,

l;

•

.:

--..

.'.

,

P.

..I

i

V

'Jl

,

Mi
Cortlaudt

.

i

L

A N

M

6 our.

—

a
l.OOO
1,000.000
67 189ft
2d moit. on Kmtaio a Boathwest'n, gold..HIo.o
1.0OO
1895
35.000,000
F.r'.Vr
Trior lien bonds, .+35,000.000. gold
3ft,88ft,000
1,000
890
July, '98).o*Ar
Gen. Lien, + 110.1
,000, g. 3 % to
1901 1 ,000 Ac
"O.OOO
Pa.ooll. tr.M., 938.000,000, g., a. f.. tt-xi. » «• o*i
.hi H.\.c
1903
10,000,000
1st con v M. 00,000,000, L-.,coi, v Int. coin al k Nr
1.0O0
857
N.Y.J.
,V W. OBJ ir..l; to (.. inci., part pd. an V
•88-"90
*100
9B-.776
N.Y.l'a ,v Ohloeq. trusts, snk. fd. 3>, dr'n at 100
4.»i3:{,2'J^
.... 11900-2
New Brie KK. eaolpmt trust, gold, part yearly
in-io a Mt. Morris and Rochester A Qenesjsee Va lley Sto oka— Ski. hi
Avon (ii
KurtKa Aorinfff— See St. L. A No. Arkansas KK
1,000
40 1879
251,000
Mvanmilr <t IndianapoUt- T.H.v Boatb. 1st M.Fo*
f. 17,000
55 1884
1,000
Kvansvllle A Indianapolis 1st M., gold, guar. F.c*
1,000
1,602,000
(on M.(*2.50O.0OO>g.gu.p..tl.i.nd.>K.AT.H.Fo- 13ft 1886
ftO
3,987,383
Evans. <* Ttrre Haute— Common stock, Col
50
1,382,417
Preferred stock, non 'cumulative. See text. Col
1HS0
lift
1,000
30,000
consul, mortgage <ist Lien) gold
144 1881
1,000
3,000,000
o*
1st consolidated mortgage, gold.F
F.o"
2ft
1883
1.000
375,000
Mt. Vernon Branch mortgage, gold

5
4
4

!

1

.

*
4

1

I

1

mrs oicnrtt

Plennont. N.

in

fi

MiltM.

•

Y., to

I

Leased

Mtlet-

linrt.

Avon Gen. A Mt. Morris
Montgoinerv A Krle
Northern RR. of N. J

Dunkirk. ...447
67
Y
140
139

(ii.shen

A Deckertown

H15
1110
1126
1112

Koch A Genesee Valley
II 1
Other lines
46
Leased to Xt/nano RR
•Jellerron KK
1i45
H52 Cleve. A Mahoning Valley RR. 1181
|N. Y. A Greenwood I.. KR
1132
{New Jersey A New York KK. H38 Sharon Railway
54
59 Other lines
Erte A Wyoming Valley KR..
1 67
•Nypano KK
H422 Trackage
See this company.
58
ITloga KK
H
1 10
Lines In system June 3_0. '03. .2, 318
Other lines
N. Y. Husi|ii.hHiina A West.. 238
Histoky.— On Dec 1, W.t.">. succeeded to the property of the old New
York I. nke Krle a Western KK. Company, sold in foreclosure on Nov.
6 under it* tecond consolidated morttriige. The new company holds In
fee or throagb o\v aei ship of all or practically all the stock of the lndependent companies, the line from Men York t<> Chicago (including the
Nypano RR. and Chicago A Brie OOmpanlea) and also all blanch and
subsidiary lines excel. a few small properties. The reorganization
plan of L895 was In V. 81, l>. 368.
In Januarv. 1898, control of the N. Y. Susquehanna A Western was
obtained. V «(J, p. H3, 33ft. .573, and editorial p. 68. .See STOCK below.
[a, Jan., 1901, entire stock of PennaylTanla Ooal Oo, wee aeaolred,
the parehaae Including valuable ooal mlnee, Krie a Wyoming valley
KK.Scrantun, l'a. to Lackaw a.veii ft9 miles. Bee BORM i>. low. V 71. p.
1219.13U; V. 72, p. 44.186, 241,582. 627; 7. 78, p. 898 In 1901 an
inter. -t In the stock or the Leblgb v. RR was pnrohaaed. V. 73. p. 391.
In Oct., L90S, aoqulred control of Baih A Hammondsport RR., 10
'.

I

ot'

.

Ii

250

t

;

M.

7
6
6

g.
g.

(

•

1

new

preferred -lock -hall have noefved 1 per
iisl
dividend In one year.
The new company reserves the
right to r teem either class of Its preferred stock at par In cash. Pro
visions of voting trust and preferri d stock certificate were given In
Scrri kmi.nt of April, is>i7 page :t.
In Mar., 1898, Krle 1st pre!, stock wee 'noreased from +30,000,000 to
•43.000,000. ml common stock from *100.bOOO00 to $113,000,000. to
-.
aciiulre New York Hm-j. A Western sto. k
\
rib, p. 335. 573. The
1st pref stock was fur' her In. Teased in 1901 $5,000,000 In oonneotton
with the purchase of the Pennsylvania Coal Co. V. 72. p. 13b.
Dividknks.— On 1st pref.. 1 ^ p. c. pntd Aug. 30. M»0l; In 1808, 3 p.
C (F. A A.); In li»03, Feb., 1 Kj p. o Aug., 2 p. c. V. 77. p
Bi»M>».— The new first consolidated mortgage is for .*] 7;>.000,000
[Farmers' Loan A Trust Co. trustee]— see n b»t run of dt>e<l V.62, p. 89,
and secures $3ft.000,000 prior lien and $140.000.000general lien bonds.
Of the 8140.O0O.O0O general lien bonds. $(92,073,000 are r. -.
the ultimate acquisit Ion of bonds and guaranteed -to. k- left undisturbed on various parts of the system [see ll-t V. 68, p B9], ami $17,OOO, 000 were reserved for new construction, betterments, additions,
etc., after 1897, under oarefnlly
guarded restrictions, not ore*
$1,000,000 to be osed In mi) one year.
The position of the tirst consolidated mortgage Is substantially as
follows: It is a tlrst lien [mortgage or collateral, the prior lien bonds,
however, preceding the genera] Lien bonds! upon the .ompany's chief
ooal properties (except I'cnn. Coal Col upon its water inn
tlon lines, including valuable terminal properties appurtenant thereto,
and upon a number of profitable local lines in New Jersey and near
Buffalo; It Is a serond lien upon certain minor coal properties and
upon the railroads leading to all the coal properties, upon the ter
mlnals at Jersey City, upon the Kuthilo New York A Krle Railroad
(the main line to Buffalo) and the Kutlalo terminal propertli than those upon which it is tlrst lien, and upon the entire line from
Salamanca to Chicago; It Is a second consolidated mortgage upon
the Hues bet wei n rurmotit and Dunkirk (447 mi
The collateral tru-t 4s if 1901 are secured by 51 per cent of the
entire New York Susquehanna A Western stock .o total
Issue), all of
the Pennsylvania Coal Co
stock, and thl
of the Krie a Wyoming Vallej kk Beranton, Pa., to Laekawa
miles, and the Delaware Valley A Kingston KR. Of the bond
000,000 were issued to aci|iiire these BtOCk
S. Y.,
Bnsq. A Western, already owned), the remali.ing 84,
ng reaerved for Improvements to the propertli
ted by the -t.ikacqulred. A sinking fund of 10 cents per ton of coal so'ld purchases
bonds at not excecdiiiu lo.">, otherwise to be applied to the drawing
of bonds by lot, all such bonds to be kept alive and the accruing interest thereon to be added to the sinkim: mud. which. It was estimated.
Will be suttlcient to retite the whole Issue at or before niaturitv. V.
71. p. 1219. 1311; V. 72. p. 44, and circular, p
7. In 1901-3
8405,000 of the amount shown above as outstanding was purchased
by the sinking fund'
Hereafter until the

tir~t

t

i.

,•

;

,

1

J.
J.

-til M.
1903 A.

IK. In

In

2*
6 g.

J.
J.

6

A.

g.

May

A A

A

St.

July

1,

don.

Jan.
Jan.

1,

Cortlaudt

Ht.

do
do

New

York.

rly.

Sept. 1,

do
do

July
Jan.

M

O.

1908
1996
1996
1951

1

Y.,Fam

Checks mailed.
arm. L. a Tr.Co
do
do
do
dO

NY,

1,

1946
1910
1933
192^
1913
1985

Feb l,
Apr.
Yearly to 1905
1908 A 1910

l|i.

do
do

J.
J.

1,
1,

..

l-oiidoii.

J.
J.

N.
O.

Julv
Mar.

Cortlaudt

do
do
do

N.

H.

A
A
A<
A
A
A
A

1,
1,
1,
1,

May
Jan

do
do

J. N. Y., 21
J.
J. N. Y.. 21

Various
Various
Various

•ii-jA-ftg.

ft

A
A
A

S.

«•

1

<

1,
1.

1908
1924
1926

iv l. 'Ol.lit

nt. 15. '08,24

July
July

1,
1,
1.

Apr.

1910
1921
1923

The convertible 4s of 1903 ($50,000,000 authorized Issue) will be
from time to time as required ami may be made convertible
common stock at a price to be llxed when the bonds are Issued.bul
uot less than $4l 8« per share; they will cover ail the company 'a property BUhjeot to underlying liens. The first Ihsne of ."flo.ono.OOO for
Improvements and equipment is convertible on the basis of $100
bonds for $200 6tock after April 1, 1905, and before April 1, 1915. V.
is-ue.i

into

7b, p. :;-i, 5»l.
K. al estate mortgages outstanding June, 30, 1903, 87B5.8SS.
Old Bonds— Under the first eonaoL mortgage 01 iso."> t Me company
covenants to pay the interest regularly on all the old bonds
the
table tha' are marked with a * or a : (except N. J. A N. Y. bonds,)
and to take t'lem up and pledge them with the trustee at maturity.
Long Dock 6s see March, 1894,81
under N. Y. L. K.
W.
For N. T. Lake Erie <t W. Ooal <t RR.. see Sop. January, 1895.

m

PrUHUI

A

Ii\ki. en \kok8.— The tlxe.l charires of t he sy«teiu were reduced by
the reorganization from 89,400.000 to 87380.000 per annuin.
Financkh.— In 1901-02 $2,931,000 general Ken bonds were Issued for
construction, etc. V. 71, p. 764, 1219, In Aug., \\n)3. the dividend
rate on tir-t preferred n as Lnoreaaed to
p. c j earh
Bee above ami
V. 73. p. 137. As to purchase of one third interest in ins jm lty II .eking Valley common stock, see that company.
In 1903, $1O.0l0,00O convertible 4 p. c bonds were sold for lmprt>\ eiiienis and equipment.
V. 70, p. 882, 541.
Kakninoh.-2 mos., ) 1903
Oroea, 88,888,8
,1 17, 891
JiUyl to Aug. 31. S 1809
Gross, 6,849,684; mt, 2,18
i

Annual Rki-ort.— Fiscal year ends June 30. Report for 1902-3 given
In full in V. 77, p. 9 10, 954 see also editorial on page 934. An-nue
freight train-load, 432*68 tons, against 399*76 In 1901-02.
;

lJ'Jft

vm^ ~ii \mii.it Propkbty.—The WrU eoeJ properties reprei.ai
aent an aggregate of 10,500 acres .<r anthracite, of which about
9,000 acres are held in fee: also :.:;..
acrec "t bltnmlnoaa ooal
lands held in fee 14,000 acres of bltnmlnoaa held under mineral
Its (..al tonnage in the year 19<
rik'bts.
egated 14,281,422.
... ton- healed.
out or
The Union steamboat Line (n erg< .1
In Krle RR Co .June 80, 1896), baa terminal, etc., propertu- m
Boffalo and 8 lake ateamera.
The I'tnn. ooal properp .ft)4.
bOqolred In 1901 are additional. Hio above.
held by J. I'lerpont Morgan, Loula Fltz[/he >
Serald and Charles Tennant. K;irt., voting nuteee, for live years, and

J.
J.
J.
F.

5
5 g.

1

Buffalo to Jamestown, N.
Buffalo to Corning, N. Y
Ot her brunches
nil ' or nearly all
ago A Krle KR

g.
g.
g.
«•

A

1985

do
do

do
do
do

6

I

ll»0y

:.

do

5

8,000,000
4-Ug. M.
Valley i:i; and si.a ron Ky.
A Mali
y-TIo K-a KK —See each c oinpany.

1,

1921

St.

do

g.

at

1.

•

.

l.A W.D.8 LOO. lx M..V.66.D. B2.F.C
•N. Y.
422
ko1.1, $ A 8 F.i•N. Y. Pa. A Ohio, prior Uol
Do. Leased lines— hcc scpar.i'c Statements for Clev
U N. Y. Hii-M|iiciifinii;i .v Western -North*] d He* Jitm
<
Blic KiiiKiiM) OOMTAin Nku BOITDS.

Dividend

Phlla.. Pldellt] I'r Oo. Juiv
O. N. V., 21 Cortlaudt BL Jan.

A

I

1882
1,000
1,000
1883
1880 500, Ac

52
34

6

8,800,000

170,500

i

>>v

OBITT C) or Oapi

Miir o r Fntik KC)<H.

cm Oovtboixbd BT

•JefferB'n,l8tA2d M'h., i-x. in 'S7.V >«'.»« MMule Br.)0
let more., Garhondale to 8. depot, gold • P.<
"Long Dock !o .Cons.M ,,g.(now 1-'
flMout. A Erie, Lai >v 2d morta [840,600 we 2da)
HN.Y.Adn-, mm U. Prior lien M.,81 ,600,000 >.^-.
JNew Jersey A N. Y\, 1st M. reorganization). ..o"
(i.ii. m
1 1,200,000 red. io:. after years)... g
'I •••
N.Y.K.K.aW
.v KK.lstM. "lawful mon.

rnucipal.wbeu Due.

I.IVIL

Kate Per When Where Payable, and
Cl., lt
PttVHh le
Whom.

Outstanding

Value.

Itouds

Erin Railroad— {Concluded) —
II— It ond - on Pbopkbi

OK

or

Pax

of

|:J7:S

1902-3.

*1900-1.

-1901-2.

'1899-O0.

Miles operated
2,154
2,156
8,158
8,109
Gross earnings
$45,830,413 840,894.434 $39,102,302 $38,293,031
Working expeuses.. 29,926,758 27,927, 098 28.406.974 28.44H.60ft
Netearnlngs
$15,904,655 $19
10.695,328 $9,844,426
Net ooal oomp's
x2,b70,290 x$l,702,491x$l,274,830
«236,642
Otherlncoiue
314.995
242,721
221.247
183,466
Total net lno....$18,8*?9,940 $14,912,543 $12,191,405 $10,264^534
Interest
$8,4bl,375 $8,39P,891 $7,541,730 $«,921,623

Rentals
P.cduel's'd lines.
Int. on equip. tr"B
Miscellaneous

..

1,142.971
22?,900
393,072
290,869
2,W77,855

1,112,163
215,696

1,139,483
22:- ,409

298,590
255.023

269,599
194,027

1,158,387
233,396
245,106
42,592

Add'us A Imprv'ts..
2l'», 01
Dlvs. on 1st pf.... (812)1,676, 234 (3)1,430.772 (1 K2)71H.3S6
Balance, surplus... $4,37'.M78 $2,947,906 $2,104,771 $1,663,430
" The l»02-« 3 earntngs compare with those of 1801-18
mid those of 1900-01
with i*-wi im. hut the hitter two periods do not compare with th.- former two,
..w uu to .biinges in methods of accounting.

x EUpresenta the profits of the I'onnnyl vanla Coal Co. for bH in. .nt hn ending
1i«il, mill of the other coal properties for the two
ems from July 1,
one 80, 1001. The oorreapondiOH Item nnder 18P9 00 embraces the Income from the latter proper!'. - for 1808 Pi m 1901-04 a. .1 IvOS-OJ profits for
the year of all coal properties. Including I'ennsj Ivaiiia C«.nl Co., are Included

Jun>* 30,

*.

Offickrs— President, F. D. Underwood; 1st V P. and Gen. Mgr.,
Daniel Wlllard; Sec. and Asst. to President, G. A. Richardson; Treas..
I>. W. Blgoney; Aud., M. P. Blauvelt.
Imkictiiks.— Chas. Steele, J. J. Goodwin, John (4. Mc("uHough»
D. O. Mills, Alexander E. Orr, F. D. Underwood, Samuel Si
Francis Lynde Stetson, Eben B. Thomas. J. Ixiwbei Welsh. J. J. HillNorman B. Ream. H. MoK. Twomblv, E. II. Harrlman.— (V 76. p.
10-44; (V. 77. p. 196, 448. 823, 946, 954.)

UK.—

Kvanitvllle A: I ndla napolln
Owns Evansvllle to Terre
Haute. Ind. (via Worthlngton), 134 m.; lease* branch. 12 m. A consolidation In 1885. Of the consols $898,0O( held to meet prior liens. The
consols, and the bonds of 1924 are iniaranteed bv Kvans. A Terre Haute,
which owns capital stock, $2,000,000 Company owns no equipment.
L-ATB8T EABanree-i-8 mos., >1903...
July 1 to sept. 28.
{1902
In 1902-03.
Ml: act,8181.008; other b
terest.t..
1179,889; bm., deficit for year |

(iross,

$112,874

Gross.

1

.

i

»

v.75,p.980.)

a Terre Haute itit.— The sy-teiu tnel
owned and operated. Miles. OontroUsd op. ttparatrty.

n-viii.-

..
I

rre Haute..
Mt. Vernon, etc.
Evansvllle Kelt (stock held).

L08

Kvan-ville

Milts.

a

Indianapolis
Terre Haute
via Worthlngton, etc
5
146
to other co. "a RockTotal In earnings
162
vllle extension
23
With Chicago A Eastern Illinois, forms route to Chicago. In Joly,
1903.ch.icai;'
u Illinois interests acquired a majority of the

Branches

to

common

Div'lis—

Com.

stock.

Pref. stock

v. 77.

V91
[

7

'92

48

-ville to

p
"93

'

94 "95 96 '97

7U 7-aJ

'98 '99

•00

3

..
1
1
2 4>s
per cent in bonds
Al-o -crip dl\ idend.
On pre
n preferred 5 p. c declared In 1903, payable 2»s
and 2 *a p
April 15,1904.

'01
1 *9

'02, '03

None.

)

t

p. c.

Oct., 1903

1374

RAILWAY STOCKS AND BONDS.
[Vol. lxxvh.

c

RAILWAY STOCKS AND BONDS.

Oct., L903.

RAILROADS.

Miles

Date

Size, or

IM

I.K1..-1

UK DIV1DI M>-

F

Bonds, not mortgage

1890 $1,000
1892
1,000
50
100
1888
1,000

199
92

o"

l*-7

to state of Mass. 4 p.o. slnoe Feb., 1897.0
O.).o*
($1, 500.000 due 1907, Interest A.

Bonds
Bonds

A

Bonds,
Bonds,
Bonds,
Bonds,
Bond*,
Bonds,
Bonds,
Troy A

mortgage

1,000
1,000
1,000

1890

o*
0*

nol mortgage
nol
not

'84 '87

c*r

aot mortgage
(Sec text, not

M

-

(

i.obo

of 1901). .oAr

1-71

35

1,000

1891
r

emk NT.
CO

1881 100 Ac
1.0O0
1897
1,000
1900
1.000
1893
1892
1.000

26
26

A Klngsboro 1st M., assumed
OayaduttaEleo.lstM.,gu.,p.*t,byF.J.& G El .0, g., red.l20.N.o*Ar
1st oon. ren.ref.M
l-t M ,$5,0O0,0OO,g.,red.l05.ITIe
Ft. Smiih.tw.
Fort IFflMM it ./nekton— Pref. stock, B 1* p. o. rental
Fort Worth J Dtnv. OitU PI Ilk. "Stamp, clfs." 4%
1st mort .'aii»', gold, $18,000 per mile lie
Frtmonl BOtA e Ho.Yaltei Bee Ohio. A Nobthw.
Out/— 1st mort., $150,000, gold... So*
aainetville

4

Johnstown

14

1902

98

1,000

100
100

....

150,000

189,379

$338,092

Balance, surplus

Officers— President,
p.

265. 919; V. 77,

p.

$647,557
$337,950
77,253
P6.605
(5%)64,167
(3%)119,585

$743,708
$337,950
77.672
64,054
(5%)64,167

B. F.

Yoakum;. Treas.,

def.$38.003
$10,486
0. W. Hlllard— (V. 76,

250, 296.)

Kvansvllle Terre Haute

A Chic—

See Chic. A East. 111.
Srt Map Nev> York Central &• Hudson
Hirer RK.— Owns from Corning, N. Y., to Antrim, t'a., 52 miles; branch
to Ulysses, Pa., 40 miles; total 92 miles.
Lease.— The railroad and Its rolling stock was leased to N. Y. Central A Hudson River RR. for 999 years from May 1,11899, for $175,000
yearly, payable quarterly In gold, beginning Aug. 1, 1899. also taxes
and repairs, the leases of the Syracuse Geneva A Corning Ry. and
Pine reek RR. formerly held, being nanonlod and new lease* made to
N. Y. Central, which also assumed the guaranty of the $3,500,000 Pine
Creek bonds. The lease does not Include the ooal properties or Fall
Brook Coal Co. Prior to the lease dividends had been paid quarterly
since 1891 at the rate of 7 per oent per annum on preferred and 6 p.
nimon; -luce the lease, 7 per oent on preferred and 2 Hi per oent
on common.— (V. 68. p. 379, 573, 773, 872.)

Fall

Kruok Hull \vh> .—

(

i

.

Farmvllle

A Puuhalin KH.-V. 76, p. 653.
X Albemarle.—See srr. July, '01, and V. 69, p.743)
Wayne A Wctcrn R )'.—(.*>>« Map 0. H. D —

Fayetlevlllc

Fludlay Fort

Owns from

<t

Fludlay,
ti. 1903,
75. p 1802;
.'i, 190J, gross,
Flti lilniri;

closure .Inly

)

to F irt Wayne, Did.. 80 miles. Sold a foreto Cincinnati Hamilton AI)a\tonRv. V. 77, p.

O.,

v .75 p. 487, 978; Y. 78. f 1800, For year end.
$111,788; oper.. def.. $2,300. V. 77, p. 83, 695.)
extend* fiom
Moston Mass. to Troy,
190 miles; branch
I I
Bster. Bellow* Falls, etc., 288 mile's;
45- miles in all. of which 56 miles (Fltchburg to Greenfield]
from Vermont A- Mas*, and 8 m. froiu other ok; aflOOlMl track 1-:; m.
Lease.— leased for 99 years from July 1. 1900, to Boeton A Maine for
1 p. o, on eomnion stock, payable quarterly [Jan. 1,
etc. J. organisation expenses. Internal on bonds, taxi
e\|'ienses of
maintenance, etc.
The B A M. hold* alio
10 Of the $7,000.000 common stock, purchased with proceed* of 11 - :i p. c. bonds,
at 90, the rem under being in the treasuri
V. 70. p, 76, 125, 176, 583,
1891; V.71. p. 39, ;">4.i; s 7.'. p
Bonds.- Debenl
>ed in V 60, p. 967. The stockholders
have authoo.ooo 3si p. c. bonds t.> provide for rarious
bond* maturing up to Deo. 1. 1903, Inclusive, and for addition* and
.

1

(

KB,-System

,

'.

•..

.

-

bnprovemesl

00 000 bonds to pay
bonds was defem d In

otr

$500,000 bonds due

Mar. I. U 04. sale of
notes being Issued. V. 75, p. 611; V. 73. p. 1112, 1312.
ANN!" u. Bl rota
l.-ist r.port (for 1899-1900)
in V.
— (V 75, p. 611. Ot 6; V. 76, p. 653, 810; V. 77. p. 780, SJ3.) 71.
l

WM

p.

909.

A Fere tlarqucllo Hit.— Merged In l'ere Marquette RR.
Florida Central A Fenlnaular Kit.—SeeSeaboard Air Line Ry.
Florida Ka»t Comi Ity.— Operate- from Jacksonville, Fla.. la
Flint

.

\

8t. Augustine, to Miami.
etc., 17 miles; Atlantic A

miles; branches to Palatka, 8ai
Western, Blue Bprlnga to New Bmj ma, Fla.,
98 miles; Titusviile branch. 48 mile*; Jacksonville to Bfayport, 25
miles; total. 484 mile*. V 69, p. 591. In Oct., 1903. extension was
completed trom Miami south 22 mile.*; to be ex tended 56 miles additional to

;<('.(>

Cape Sable. System owned by Henrv M

Flagler.
June 30, 1901, stock. $1,000,000; $7,100,000 bonds Issued. In
Oct., 1902, tiled a mortgage to the Colonial Trust to. of New York,
as trustee, to secure .*s,7 1 1,000 thirty \ ear 5 per cent bonds,
dated Jan. 1, 1903. a portion of the issue to be presumably re-.rwd t re
tire $7,100,000 existing bonds at or before maturity; V. 75, p. 906.
For year 1901-02 gross earns. ,$1,936,948; net, $533,656, h
In 190O-01; oharges $383,963.-(V. 61. p. 112, 470, 591; V. 75, p. 906.)
i

Florida Southern
Line RR.-V.

7ti.

RR.— Merged In Apr.,

1903, In Atlantlo Coast

p 978.

Florida Went Shore Ry.— V.

Fonda Johnstown A

77,

p 695.

filoversvllle

RR.—Owns

Fonda

to

Northvllle (steam), 26 2 mile*, Uloyersyllle to Schenectady (electric).
327 miles, double tr*ck; Johnstown to Fonda, 5 miles, Anister* am to
Hagaman, 3 miles, city lines in Gloversville, Johnstown and Amsw-r

g.
g.

5
5»«
4 In 1903

8,176,000

1,000

J.

6
4 1*

1,000

J.

I*

850.000
5,000.000
2,201,416

A.

ti

800,000

L8M

Bonds, guaranties, Etc.— certain BranaTllle & iudiauajioiia bona-.
See that company. Genera) mort. 5s for $3,855,000
in trust to retire the prior bonds and car trusts at maturity.
Latest Earns.— 11 mos., J 1902-3. Gross, $1,597,237; net, $815,200
l,362.0ol; net, 675,720
* 1901 -2. Gross,
Jnly 1 to May 31.
Surplus over 11 mos oharges, $424,338, against $295,378 In 1901 2.
Annual Repobt.— Report for 1 909 03 was given In V. 77, p. 2:>f.
1901.
1902.
1903.
Year out. June 30—
$1,453,660
81,893,943
$1,722,314
Gross earnings,
601.640
704.475
826,956
Net earnings
45,917
39,233
Other Income
36,325

.V.

4Ki g.

1881

are held

Dividend* on preferred
common
do
Depleted equipment

A
A

Tr. Co.

|

i

,

08,
1,

Feb.

do
do

1930
1948

1,
1,
.'

May

do
do
do
do
do
do
do
do

do
do

Apr
Aug.

Bos.

Offloe.

do
do
do
do
do
do
do
do

Stocks— Last
Dividend.
Apr.

do

Boston,

Various

4

500.0(H)

48

are guaranteed

$863,281
$334,950
88,982
34,090
(5%)64,167

A

Corning, N. Y.

Ottlc.

-

B40.000
200,000

455

<Jt

Total net Income

Q.-J.
Various

7
5

1,000

c

Interest on debt

573.0O0
10O.OOO

L.

pal.When Due.

l

I*

1,

1908

1904 5-7

June 1, 1920
Nov A Deo. '03
1914

HMO

I

Oct

1.1

1929
J.

D.

July

1924
1911

1,
i.

Rr

.

Taxes and miscellaneous
Did. deficit
Evansv.

Office,

3>«
3-s

2.27

Far

O. V. Y.,

do

4
4

1,8

(

A

4-5
4-s
4. 'J >0, 000

Boston 1st uiort. V. 53. p. 405)
Brookllue a Pepperell plain bonds, (roar, (end)..
Hintd Pert )/<ir./i<ff<e— Bee Peek Marquette Sta
Florida Central <t Pen.— B*i Bl LBOABD Am Link
Florida Wen hore- 1st mortgage, guar
tonda Johnstown <t OtoHrwt Oon K., $500,000..
refunding mort., $700,000, gold > o*
refunding M $1,SOO,000,(V.71, p. 34>.N.o*

A.

5*

L894

mortgage
mortgage (#2,750.000 are 4s of 1897)

not
($1,775."
not mortgage, $2.660.000

$450,000
000

J. '_'2 3.

5,000.000 See taxi
5
2.000.UOO
5
5,000,000
4
4
500.000
4

11UV.1-

1

Amount

of
Par
of
Kate per When Where Payable, and by
For explanation of column headings, Ac., see notes
Road. Bonds Value. Outstanding
Cent Payable
on flntt page of tables.
whom.
o"
Evatwv.it T. H.( Con. ) -Sullivan Co. Coal br.M. ,g.
1st general mortgage for $7,000,000, gold F..0
Fall BrooA:— Stock (#500,000 Is 7 per cent, pref.)..
FxteMmru— Prut. 5 rer oent rental

375

i

A Tr. N.

rmp.

Bk,

Apr.

do
Metropol. Tr. Co

July
JulV
July

N.Y., N
J.

H Y

N

-

do
,

S, Y.. F;irm. 1. &
M.
N. N Y.. N Y Sec. ATr.Co
A.
O. BT. Y., Merc. Trust Co.
M. A
N. Y.. Farm. !.. Air. Co
See text N. Y.. Morton Trust Co

A

A

g.
»i

A
A
A
A

J.

*

J.

8

AD.
A J.

(

>ct

1918

Apr.

1,

1952

1

I, '08, -'H

Apr. 1,1903.4

N. Y., Mercantile Tr.
N. Y., Standard Tr.

l'.»50

1,
1

Nov.
Hept.

1921
1947

1,
1,
1,

1921

1.

1929

Co

dam, 7*8 miles. Operate* under lease branch line Bromialbin Juno*
Hon to Broadalbln, 6*8 miles (Steam): also local line Gloversville to
Johnstown. 4 miles (eleotflo); total, 91*4 mile* of road (184*1
<>f
tra' k, ol which 7D7 mil. son pri\ ate right of way ami 19 7 n
streets and highways. A consolidation on Jan. 1, 1903, with tin Amsterdam Street and Cavadutta Klectiie railroad companies. V. 73. p.
81. 4'.t;i 1855; V 74, D 987; V 75. p. 1399. Stock $2,500,000; par, $100.
owns entire $105,000 stock of Coal Co. of Fulton Co. and stock of Edison Electric Llghi & Power Co. (V. 71, p. 1167.) In 1896 parties Interested In N. Y. Central entered directory.
Bonds.— Of the consol,4".j* of 1902 ($7,000,000 authorized) *4,000,00O were issued to retire Amsterdam Street RR. bonds and for construction; of the balanoe $1,850,000 Is reserved to retire prior Hens.
V. 76, p. 265. Guarantees $30,000 Glov. A Broadalbln 5s.
Earnings.— For 6 mos. ending June 30, 1903, gross, $237,292; net$97,315; other Income, $10,534; Interest, taxes, etc., $92,259; bal..
sur., $15,590 —(V. 76, p. 212.)
Fort Smith
WoUorii
Operates Fort Smith, Ark., to
Guthrie, O.T.. 216 in., of which Coal Creek, I. T., to Guthrie. 196 m.,
Is owned and Ft. Smith to Ooal creek, 20 miles, is Kansas
lty Southern trackage. The road will' develop ooal properties at MoCurtaln. I.
T.,40 m., west of Ft. Smith. Henry 0. Frlck of Pittsburg, Pa., Is underst >od to be largely interested,
stook. *5,000,00'», all outstanding;
par of shares, $100. Bonds, see table above. In July, 1903, tiled an
agreement for the purchase of equipment costing *438,000. V. 77, p.
88. President and Treasurer, A. ('. Dustln, of Cleveland, O.— (V. 75,
p. 29, 549; V. 77, p. 88, 769.)
Owns Jackson. Mich., to Fort
Fort
Jackson
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore A Michigan Southern at a rental of $126,027, equal to 5 >«
per oent on the preferred stook (see V. 56, p. 812), and after 1887 any
net earnings over 8 per oent on pref. stock to be paid as dividends on
common, but not exoeeding 2 p. o. a year. Common stook, $436,132.
Fort Worth
Denver City Ry.—Owns Fort Worth, Tex., to
Texllne, 454 m. Owns stook and bonds of Ft. Worth A Den. Terra. Ry.
Stock, Etc. —Colorado A South. Ry. owns a majority of $6,835,000
common. Pref. stook, "stamped," see V. 63, p. 1063.
Dividends.— On pref. 2p.o. Mar., '98; Mar.. '99, 2 p. c; Apr.. 1902, 2
p. o. out of surplus earnings of the years 1899-1901; Apr., 1903, 4 p. o.
from surplus earnings of 1902.
Bonds.— Finances readjusted in 1896. Plan V. 63, p. 75. Abstract
of mortgage V. 45, p. 440.
Oross, $2,494,586; net, $503,042
Earnings.— 12mos., < 1902-3
Gross, 2.262.121; net, 601,104
July 1 to June 30. (1901-9
Annual Report.— Fiscal year now ends June 30. Interim report
for 6 mos. ending June So, 19o3, was In V. 75, p. 607, showing gros*
earnings. $1,119,556, against $1.020,S:<0 In 1901; net, 8291.559,
against 8264,047; other income, $7,822; Interest, taxe* and rentals,
$272,725; bal.. sur., $26,656. Report for 1901 was In V. 74, p. t>75:
1898.
Feor end. Dec. 31—
1900.
1901.
Gross earnings
$2,163,397 $1,807,089 $1,610,852 $1,1

RR.—

A

t

RR.—

Wayne A

A

Netovertaxes
Other lnoome

346.410
17.083

533,860
11,962

310.157
15,750

406,522
17,881

From

total net lnoome, as above, In 1901 ($545,822), deduct Interest
on bond-. 8495,8 12; rentals, $10,000; bal., $39,981.
Pres.. Frank Trumbull, Denver, Col.— (V.75, p. 00 7; V. 76, p. 593.)

Worth &

fort

Grande lty.— M. rued in 1903 in the St
Texas Ky., a subsidiary of the St. Louis A San
bonds of the latter being reserved to retire the
2,8118,000 outstanding Ft. W. & R. G. bond* at maturity.
I>onis

itlo

San Franclsoo

A

Francisco, refunding

Foxbnrg Hrldge Co.— V. 75, p. 1086, 1253.
Fulton County Narrow G autre Ry.—See Apr 1900, StTPP.
t.nliicvllle A Guif Ry.— Sampson City to Fairfield, Fla.,

48

miles. Land grant, 480.000 acres. Stock authorized. $1,000,000; par
$100; Issued July, l!«03. $300,000. Loans and bills payable .line 30,
10. rear ending J una 80, 1908, gross
net, $13,931.
•it, J. M
Graham. Office. Gainesville. Fla.— (V. 73, p. 616. 783.)
GhIiicmvIHc jcti cr«ou a. Southern Bit (Tfarroni Gauajga.)

— Road

from Gainesville to Social circle. Ga., 52 miles; Belmont
*
13 m: s. Btook
common; $17,650 pri
of which the Jeorgla RR. on a minion and
preferred, of the firsts. $161,500, and of the 2ds, re endorsed
by the Georgia RR., leasee. Interest on endorsed bomts paid regularly
but no Interest on unendors.
melC.
ce July 1.
Dunlap la now reoelver. The mortgages have been foreclosed, but
sale has been
ease has been appealed to Sup
>i'ii,

.

-

-

'.

i

set for Dec. 15, 1903. V. 77, p. «23.
In 1901
.-'V. 78, p. 1406; V. 77, p. 196,823.)

.0; net,

I

Galveston Harrl«bur<; A Nan Antonio Hv.-f«« Map South
Pacific. >— Owns Houston, Tex.,toeast bank of Rio Gr. River, 834 miles;
branches. 73 m.; total. 917 miles.
Organization, Stock, ktc—Operated by the Southern Pacific Company, which owns $27,054,400 of the $27,084,372 stock (par. $100).
Bonds. — First mort. has a sinking rund of 1 p. c, but it Is optional
with holders to surrender their bonds tf drawn. Western Dlv. 2ds
by special agreement are treated as Income bonds. V. 58. p. 719.
Equipment bonds, V. 76, p. 1300.

.

IIAILWAY STOCKS AND BONDS.

i:*7<;

[Vol. lxxvii.

Bomls— PrinciIN'TKREST OR DIVIDENDS.
RAILROADS.
Mili«s
Date Size, or Amount
pal, When Dae.
When Where Payable, and by Stocks— Last
_of
For explanation of column headings, &c, see notes of
„Par Outstanding Rat«
Per cent. Payable
Whom.
Road. Bonds Value.
Dividend.
on first page of tables.

Hamsb. <t S. Antonio— 1st M.,g.,land gr.f
2d mortgage, Harrisb. and Houston to San Ant.e"
Div. 1st M..g.,SanA.toEU > a«o,636 in.&br.c*
West.
2d mortgage (see remarks)
c"
Equipment bonds, due $82,000 semi annually.
Galveston Houston if Utnd. of 18S2 1-t M.."»lec
Galveston

-

—

2.M)

U71
671

60

Galveston Houst. <t Xorth. 1st M., $*OO.000. gold
56
Genesee <t Wyoming RK.—lut M., g., $500,000 K.
16
S«or£r»a it Alabamu On. Oarnlina it Sorth'n— See .Shih
.

—

Gtorgia
Georgia
Georgia
Georgia

Plor.it

Alab.— 1st M., $550,000, g

..

"a.o"

Text

-71-'80

1^0
1881
1881

$1,000
1,000
1,000
1.0O0
1,000
1,000

1902
1883
1900
1899
1,000
Air L INK KV.
1901
1,000
1896
1,000

Midl'd K,i.— 1st M., g., $1, 650,000, Int. gu.
1+8
Pacific— See Southern Rv.
100
Railroad <£ Banking Co.— Stock
307
0*
1897
1,000
Bonds, refunding, not mortgage, currency
1,000
Bonds, not niort irate, currency
e'.tr
1880
1882-7 1,000
Bonds, not mort., cur., $200,000 are 5s of 'H7c-.tr
100
Georgia Southern <t Fla.—Com. stock, $1,000,000
100
1st pref., red. aft. June 1, 1905, $684,000, 5 p. o. Text
100
2dpref., $1,084,000, 5 per cent
1895
1,000
1st mortgage, gold, *4.0OO,0O0.TleBa
o*
392 1902
1,000
1st consol.
o*Ar
$10,000,000, pold.N
Equipment trusts. $18,000 due seml-aonually.. 1,000 1902
Gettysburg it Harrisburg—Ho. Mt. 1st mortgage
1,000
1882
1,000
Gettysb'g A Harrlsb'g 1st mortgage, old issue...
35
1891
1,000
Consol. mortgage, $565,000, gold, see text
125
1894
1,000
Gila V alley Globe dt Xorth' n— 1st M., g., text...Tip
Goshen <t Dec kerf n-lst A 2d M. ($60,000 are 2dsi
12 1888-9 500, &o
1892
13
1,000
Gouverneur it Oswegalehie — let M..g, go. p.* 1. 1.' n.e
28 1899
1,000
Gr. Rap. Belding it Saginaw — \hI mort., text, gold
100
Grand Rapids <t Indiana Hy.— Stock, $6,000,000.0'
o*
335 1891
1,000
1st M., mostly 1. gr.,g., e\t. In 1899
335 1891
1.000
o*
1st mort., extended, gold, guar, by Pa. RR
0*
3^7 1896
1.000
2d M.. $5.000,000, g„
.

M

,

On June 30, 190:2, there was due the Texas & New Orleans RR. $1,464,376. School fund claim*. V. 64, p. 1137; V. 66. p. 471; V. 70, p. 686.
Gross, $6,2*9,733; net, $683,621
EARNING9.-U mos., » 1903-8
Gross, 6,621.003; net, 1,346,903
July 1 to May 31. ( 1901-2
Year 1901-02, gross, $7,147,824 net, inol. other lnoome, $1,338,charges, 91,295,888; bal., sur., $42,740.— (V. 76, p. 1300.)
878;
;

Galveston IIoiiHton

a Henderson KR. of 1882.—Owns

from Galveston. Texas, to Houston, Texas, 50 miles.
Organization.- The M. K. & T. and International & Great North,
have had trackage rights since December, 1895, under a oontraot
providing for payment to mortgage trustee of $100,000 yearly
to meet Interest on G. H. A H. bonds and an additional rental of
$24,000 per annum for dividends or other purposes— see V. 61, p.

M. K. A T. owns 4,999 shares of G. H. A H. stock
p. 097.
61, p. 1013. Stock, $1,000,000; par, $100. For year ending
Deo. 31, 1902. gross, Including $124,000 for trackage as above, $375.823; net, $178,629; other Income, $3,569; interest, $100,000; equip't
and imp'ts, $63,732, balance, surplus, $18,466.— (V. 65, p. 1114.)
1064; V. 63,

—see V.

Galveston Houston A Northern Ky.— Owns from Magers,
suburb of Houston, Texas, to Galveston 53 miles. Successor May 1,
1899, of Galveston La Porte* Houston Ry., sold under foreclosure.
Capital stock is $500,000; issued $200,000, of which the Southern
Pacific owns $11-9,000, together with all the bonds. V. 72, p. 287.
Year ending June SO, 1902, gross earnings were $408,441; deficit
under operating. $28,972.— (V. 71, p. 1311; V. 76, p. 542.)
Galveston ft Western lilt.— V. 77, p. 400.
t.enesce A Wyoming It It.— Retsof, N. Y.,to Pittsburg & Lehigh
Jet., 11 mihs; Retsof Jot. to Jrelgsville, 4 m.; branch. 2 m,; total, 10
Dividends from Oct., 1899,
m. Stock, $500,000: par of shares, $100
to Oct., 1902, lncl.. 5 p. c. yearly
1903, 8 p. c. (paid A.O.) For
year ending Mar. 81, 1908, net earnings as reported. were $86,700;
Year 1901-2, gross, $127.Int. on bonds, $15,000; bal.. sur., $61, 700.
307 net. $71,051; int. and taxes, $28,550; dividends (5 ut), $25,000!;
Prest and Treas.. E L Fuller, S'iranton, Pa.; Sec, H.
bal., $17,501.
D. Fuller, 115 Broadway, N.Y.— (V. 76, p. 1*48.1
George's Creek A Cumberland.—See Apr., 1900, 8CPP.
(

;

;

&

Georgetown Western.— See Apr., 1900, Supp. (V. 75, p. 1354.)
Georgia Florida
Alabama Hy.— Owns Cuthbert, Ga., to
Tallahassee, Fla., 107 miles; In Oct
1903, extension was under construction from Onthbert northerly to Columbus, 04 miles.
An extension Is also to be built from Tallahassee, south to Tampa, 130 miles, via
Perry Old Town and Hrooksville, with branch from Old Town to
Archer, Fla., •under the charter of the Florida Southeastern Ry., In-

A

,

corporated June 15, 1902. V. 75, p. 29. Name changed In 1901
from Georgia Pine Ry. Mock. $350,000, all outstanding; par, $100.
For year ending Juno 30, 1901, (40 miles, mortgage Issued
mt, $28,223; taxes, $1,138; Improvements,
later), groat, r<.^.17n
;

President, J. P. Williams; Sec. and Treas.,
Havauuah, Ga.-(V. 74, p. 1089; V. 75, p. 29.)
Georgia .Tlldland lty.— Owns road from Columbus to McDonough,
Ga., 98 miles. Leased from July 1, IS',16, for 99 years to the Southern
Railway Co. for 849,500 annual rental (being Interest on the ttrstmort? age bonds, etc.,) and $2,500 for 'oliimbus terminal property. Stook
s $1,000,000, owned by Southern Railway Co.— (V 63, p. jor.)
O eorsrla Hal road.— Under this name are operated the lines leased
from the Georgia KK. * Banking Co. — whloh see.— (V. 67, p. 1260.)
Georgia Itallmnd A Hanking Company.— Owns from
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
ana Athens, 58 miles; Macon A Angttsta KK. (proprietary road), Camak,
Ga. to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles.
Organization.— Owns also one half the stock of the Western Railway
of Alabama (the Central of Georgia Railway owning the other half),
and a 47 per cent interest in the Atlanta * West Point (whioh see).
Guarantees (Jointly with Central KK. * EL Co. of Georgia) the $1,543,way of Alabama.
000 llrst mortgage 4^ per oenl

} 13,573:
O. Hatch.

bal., snr.,

.

$5.70 ;.

Office,

(

I

In April, 1 ssl, the railroad <307 miles, niid its Interest In the Other
railroad companies were leased for 99 years to W. M. Wadley and
associates, for the Central ol Georgia and the Ijoulsvlllo A Nashville, at
a N. was held to have ac$600,000 per year, but In April, 1899, the
quired all rlgjits under the lease; the Atlantic Coast <'o. iu July, 1899,
acquire. t » half Interest. V. 68. p. 722; V
>91i V. vo. p 125.
!),,• gi, 1892, the banking department was turned orer to "Georgia
majorlt] [$198,200] of whose stook is owned.
Railroad Bank,"
'88,
>89 to Oot., 1903.
so '87.
DTTn>na»I '81
i'» yearly
lo\ 11 p. c. yearly.
Blnoe 1880, P. Ot. J 9H 1"'»
net, #72,244
Q
Kaknin<;h.- :io7 miles, , l'.io.i
July 1 to Aug. 31.- 2 BUM. il "
Railroad earns, for \ ear ending June 30
il
to Ou KK.vlt. Co..
rO; dlvs. received. $111
dance, snr., $199,2148.— (V. 70. p. 12 ...»

L

I

I

—

>'
Soiitliern A Florida It >
Map Of Southern Ry.)—
Owns from Macon, (, a. !•• I'alatka. Kla, 2s.'i miles; on Nov. 1, 1902,
purchased AtL V. «> W. Ry., ValdOSta, Ga,. to Jacksonville, Kb,.. \<>7

tieorjilii

.

\n,i owbi
miles.
\iile Terminal Co.
v. 77, i>. 02u.
total,

892

'

one eighth

>i

itoek or Ja

A reorganisation Ol the Georgia S. A P. Railroad, sold in
BaVTOBI
foreclosure April 2, '95. (Per plan In V. (10, p. 928; see also V. 59, p. 551.

6g.

J.

5*

1,000
1.55 3.000

P.

7

14,756,000
1,000,000
13,418,000

M.
J.
V

2,000,000
800,000
500,000

6
5
5
5

g.

A.

315,000
1,650,000

5*
3 g.

J.
A.

4,200,000
1,000,000
1,000,000
500,000
2,000,000
684,000
1,084.000
3,801.000
2,000,000
321.000
100,000
250,000
215,000
1,514,000
246,500
300.000
2H0.000
5,791,700
920,000
4,455,000
3.962,000

A.
g.

J.

& A. N.Y.,8o.Pao.Co.,<kB08t. Feb. 1, 1910
A D.
do
do
June 1, 1905
& N. N.Y.,8o.P.Co.,120B Wy May 1, 1931
A J.
July 1, 1931
"04 to '22
A 0.
& O. N. Y., Merc. Trust Co. Apr. 1, 1918
& J.
New York,
Jan. 1, 1930
& O N. Y., Kniok. Trust Co. Apr. 1, 1929
A J. New York & Savannah. July 1, 1951
,

:

O.IN.Y., J.

<ft

i

P.Morgan &Co. Apr.

1,

1946

11 in '03 Q.— J. 'Augusta; mail'd to N.Y. Oct.l5,'03,2\
5
J. <fe J. N. Y.,Am. Ex. Nat. Bk. Jan. 1, 1922
6
J. <fe J. N.Y.,Am. Ex.Bk.&Aug. Jan. 1, 1910
5<fe6
J. <fc J. 'All Augusta; 6s in N.Y. Jan. 1, 1922
i

A N. Balt,M.T.AD.Co.&N.Y.
4 in 1902 M. <& N.
do
do
5 g. J. A J. Balt.M.T.&D.Co. * N.Y.
do
4 g. J. A J.
do

May,
May,

5 in 1902 M.

-I

M.

'.j

5
6
5

A.
A.

A
A
A

Phlla., Reading office.
Phlla., P.
R. office.

A

Various
do
do
M. .v N.
New York.
Various N Bk OrCo.Goshen.N.Y.
I
5 g. J. A D. N.Y., Gd. Cent,8tation.
5 g. M. A 8. Int'l Trust Co., Boston.
3 In 1902 A. A O. Of., Qr. Rapids, Mich.
3>ag. J. A J. N. Y., Winslow, L. <JeCo.
4i«g. J. A J.
do
do
Philadelphia. Pa.
4 k. A A O.

8

Dividends.—On

2%

July 1, 1945
July 1, 1952
Mar. 04.8ep'ia
Apr. 1, 1898
,

S.

O.
O.

'03, 2i*
'03,

Oct.
Oot.

1,
1,

1912
1926

Nov. 1, 1924
1928-29
June 1, 1942
Mch. 1, 1924

'

Apr.25,'03,l>t

July
July
Oot.

1,
1,
1.

1841
1941
1936

May, 1903, 5 p. o. yearly.
3; '99, 3; 1900 to May, 1903, 4 p. o. yearly.
mortgage of 1895 was in V. 61, p. 429. The
mortgagels for $4,000,000 and covers road from Macon. Ga., t<> Palatka, Fla., 285 miles, and provides also that the $684,000 first preferred
stock shall be a Hen thereon second only to the bonds and coupons.
The unissued firsts are reserved for old claims, improvements, eto.
The first consol. 4s of 1902 are for the authorized amount of $10,000,000; of whloh $4,684,000 are Issuable to retire the #4,000,000
fives and $684,000 first preferred stook, $.',000,000 were issued to
acquire the Atlantlo Valdosta & Western Ry. aud $3,316,000 are re-

On 2d

pf. in '97,

2

lstpref.,'96, 4 p. c; '97 to

p.

Bonds.— Abstract

c; '98,

of 1st

served for future requirements.

V. 75, p. 980.
Gross, $144,508; net, $34,396
"Gross. 115,385; net, 32, 30
Annual Report.— Fiscal year ends June 30. Report for 1902-03
was in V. 77, p. 626, showing gross, #1,635,191 net. #400,789 other
Income, $14,792; interest on bonds, etc.. $2t>'0,683; div. on pref. stook,
$77,560. Pres.. Samuel Spencer, N.Y.— (V. 77, p. 510, 62«.)
Gettysburg Jk. Harri-hu rg It It.— Carlisle to Gettysburg, Pa., 31
miles; branch to Round Top, Pa., 3 miles. The Reading Company owns
$540,700 of the $600,000 capital stock, $535,000 of which deposited
as part security for its general mortgage of 1896. The oonsoL 5s of
ls<»i were guaranteed by Phila.
Read. RR. (foreclosed oo.).
<;ila Valley Globe A Northern Ry.— Bowie, Arts., to Globe,
125 miles. Stock, $2,000,000, of which .Southern Pacltlo Co. owns
$1,100,000. V 71, p. 1314. Par, $100. The bonds, limited to $15,000
per mile ($1,514,000 outstanding), are guaranteed, principal and interest, by 8outh Pacific Co
V. 69, p. 27; guaranty in V. 68. p. 232.
Dividend.— Dividend, 1901, 4 p. c; 1902, Jan., 4 p. c; none slnoe.
Earnings-2 mos.,
Gross, $61,562; net, $3", 237
J 1903
July 1 to Aug. 31.
Gross, 49,905; Det. 29,738
<1902
Year ending June 30, 1903, in V. 77, p. 1 lit, viz.: Gross, $326,825;
interest, $75,700; balanoe, surplus, $1 10,045. See and
net, $185,745;
Treas., A. C. Laird, Los Angeles. Cal
(V. 75, p. 340; V. 77, p. 449.)
Owns from Gouverneur to
Gouverneur A OMwegatchle
Ed jvards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Cent,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
Grand Kapldn Keldiug A Sairluaiv
Freeport to Beldlng,Mich.,2s mile. Mortgage is for $260,000 on 28 miles and$9,000 per
mile for additional construction. Leased from Jan. 1, 1900, to Pere
Marquette RR. (which owns all the capital stock) for 30 years, rental
covering Interest.— (V. 70, p. 39.)

Latest Earnings.-

1

July 1 to July 31.

mo,

51903
1 1902

t

;

;

&

—
KK.—

KK.—

Gr. Rapids Kalk. A e, F. KR.— See Pere Marquette KK.
Grand Rapid* A; Indiana Ry.— (See Map of Pennsylvania RR.)
—Owns from Fort Wayne, Ind., to Slackinaw City, 367 miles Manistee
Branch, 19; other branohes, 44 miles; total owned. 4i0 miles; operates
the following roads but has not assumed the old company's leases
thereof: Cincinnati Richmond &. Fort Wayne RR., 86 m.; Traverse City
RR., 26 m.; Muskegon Grand Rapids A; Indiana KK..41 u. The Traverse City Llelenau A Manistlque RR
Traverse City to Northport,
Mioh., 30 miles, compU ted July, 1903; Is operated for Its net earnings.
See V. 74, p. 777; V. 76, p. 811.
History.— Sucoessor Aug. 1, 1896, of Grand Rapids A Indiana
Railroad, foreclosed under second mortgage per plan in V. 63, p. 153.
Dividends.— Dividend, 1 p. c, Apr., 1900 In 1901. 2 p. o. (A. A O.)
1902, April, l^a p. c; Oct.. l*o p. c; 1903, Apr 1J« p. o.
Stock.— Stock, $6,000,000. of which Pennsylvania Company is supposed to own all or nearly all. V. 74, p. 95.
Bonds.— The first mortgage bonds extended at 4 1* per cent are endorsed with the guaranty of the Pennsylvania RR. Co. to purchase the
coupons asthev mature, and the bond Itself at maturity. They have no
lien on land grant See guaranty V. 56, p. 649; V. 69, p. 1193. Of
the 2ds $3,687,000 were owned Jan. 1, 1903, by Penu. RR. Real
estate mortgages, $150,000.
r.\i:Ni\i.s.- For (! mos. ending June 30, 1903, gross, $1,585,068
against $1,488,247 In I902j net, $293, l:
1828,283.
Rbport.— Report for 1902 was In V. 76, p. 749. In l;<02 carried 2,147,230 tons freight, of which 46 p.o. was lumber, eto.. and 10 p.o. coal.
Year end' <i n,c.:i\.
1901.
1902.
1899.
1900,
Miles operated
430
430
430
428
Gross Income
$3,196,738 $2,871,782 $2,661,433 $2,464,284
Net over cxp's.v tai
170
585,316
634,847
700,718
Interest charge for 1902, #390,927; other. $142,363
dividend,
(3 p. C), $173,730; b.il., snip.. 977,449.—<V. 7d. p. 749, 810.)
«.rniMl Trunk lty. of Canada.— Quehet Can., via Montreal, to
Chicago, 111.; also to Portland, Kullalo. Detiolt. Toledo, eto.:
.

;

,

i

;

.

8T8TKM

Kl

1"K«'

M,ijr>rif|/

Lines own«d

I

2.\>~,s

*

I.Hwrenro, Portland. Me., to Island Pond, Vt...
Buffalo a Laks Baron
Cinrln. Sum. & Mncklimwl
Atlantic

Bt.

other linos
Tutnl

In

earning*

\

1

-OKTKI'
stock

SK1ARATELY.
MUtS.

<>

Central Vermont ^

lUmmi Trunk WcMernl

Leastd—partly ovmeA—

I

ISO
i«ta

63
816
8.583

i

I

|

KnttrsstOCk men, J.
Detroit Urand Haven
t<<\.

<*u.

x Mninegon

A Mill

Jointly own*a
Detroit A Toledo Shoro Lino

470

835
18»
87
61

Total rond
4.700
separate statement this Co.

J See

j

LRAILWAY stocks AND BONDS.

Oct.. L903.]
WAI1.WOADH.

Date Site, or
Far
of
oiitMfundlm.'
UW" BU ""*>
Bondi Value. "

Miles

For explanation of column headings,
on first page of tables.

Ac., see notes

of
1

Brand Eapide Katkatka 4 8.1

M »k
Or-,,, I Tr-unl; /.'•/.— Colisol. Stock, i
4 |> 0. guar. Btock, nou cum.. £10.0
1st pr.
k, £3.420,000

2d pr.3d preference 4 per oent -toek, £7,168,055

Debenture stock, £4,'J70,.'.7
Consol. debenture stock >oL trust), cum
2d equipment M. (subject to l>1 M. In ti
Great western perpetual debenture Btock
\ A B boni
Northern B

£100

1889

£

\>.

c

1,731

0,000

1882
1H74

£ 1(K)
* lOO

1000

4100

1880

,

1888
1887

p

000 p.

in.i.k-

420
819

<

nslon M. Jit. .imm), 000, (fold Ce..o\tr
.(su.tocall if Ja.'06atl05)«;cAi

0,OOOare5s).< e.o"
M
1-t M.($50.0OO p. m.i.k'.k'U.Ce.O'&r
iv. inert., $15,000,000, gold. Kiiar. .11 e.0*£r
Mont. Gen. 1st M.,g. ($6,000,000 are 6s)gu.Ce.o*r

i

A.
.

Irre,

.1.

*
A
*

1-t

72
299
260

Not

J. July,':'
.1

5,558 000
13,344.000
19.510.000
ii 10.1H5.000

l

or Ni * York,

j«.

:

*

.1.

g.

J.

5&6g.

J.

2.HO0.000
l.OOO&o
4.700.O00
1,000*0 d 5,000,000
l,000*o 10,000,000
1,000

M
J.

ftJaff.

4

5

A.
A.

g-

4

July
July

g.

546k.

J.

'.KM

02.

ied.

imo

1.
1.

1950

'03,

g.

4

tl

1.

London

J.

itn

6

1

1

I

J.

1,000

M nnililr
1

6

£100 Ac b£3,000.000
$10O0Ac 215,195.000

1901
1882
1888
1898
1887

\i

RB

Minn, rn

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

itn

J.

100

,;'

•,

F.

A
A

1,500,000 l'l> U»4%
01,700 7 in 1809

$100

$20,000,000.
624
does not oov. L'ds)e*
Ce.o 1,221
Dakota Extension 1st M K<>id
2,655
^; (iiowlstM.oulands)gold.Ce j 2,655
ig

ofHoc.

-

i

!

J.

563. OOO
7,000

t'.i,

I

•

O.

dO

5
Farias.

1.011

i

I

'-Last,
Dividend.

ai

(J..-J.

5

4100

Xort>,rrn-S lock, $125.000,000

*

6
4
5

347

455

.v.

5
4

2,72

,

m

Where Payable,

„ lu

F.

100

836»*

!

tM., £532,<
Wellington
Brm,'i Irun/
thweel Or. Tr., 1st morl
guar., g., $ (our.) 4 £.V
1-t M
815,000,000, lilt
2d M., Income, g., |1,500,0C0, red. (text)... .Col.

ii

4 in 1:103
5 In 190
6h In '03

4,270,875

* lOO

o..perpetua

05

i

pal, When line.

wl »"

l >er

i,

£100

.

,\

Kh,<5

7,1(

£100

3,512

3, 12

£ lOO

—

Midland of Canad
ConsoL l-i M I

tit.

i

£-'-'175,985

10«>

£100
£100

<

4

<

i

•

.

13

BuruU—fTlnot-

.'03.

itn

New Yurk and

London.

,v

N

*
,V
*
1
&
&
&
&

do
do
1)
do
l/on.. Baring Bros
J.
New York.
J.
N. Y.. 32 Nassau St.
O. N.Y.32Nas.;Bus.,I,ee,H
do
O.
do
J. N. Y., 32 Nassau 8t

N. Y., 82 Nassau

St.

do
do
do

J.

1\

He

1,

July
July

June

1900

1,
1.
1,
1,
1.

1910
1933
1938
1937
1940
1921
1922
1908

July
July 1,
July 1,
Apr. 1,
1928-1948.
July 1. 1937

Great Nor. has acquired all except $450,600 of $20,000,000 stook of
a $11,502,000 additional pledged for Pao. Extension bonds of 1890.
d Subject to call after April, 1928.
l> £3.000, 00 additional held by Great Nor.
Coupon bonds J. A J.; reg., Q.-J.
Minn A Man.
«•

Mt. P.

A

T,

Grand Haven,

car ferry from

.Ml.

Milwaukee, Wis., wus

to

Ii..

V 77, i>. 510.
okoanixation.— A consolidation. In Aug., 1882.
In July, 1908. the Grand Trunk Padflo By., oontrolled by the isane
its, wlthJ845.OO0,000 authorized stock, of winch the $25,000,000
'fd hj the Grand Trunk Railway, was proto extend the company's line about 3,200 miles to the Pacific
tii» Pact ho terminus to be Port Blmpson, 850 miles north of
coast,
aver.
The Canadian Government, ll la expected, will construct
Hie portion of tbo proposed line from Moneton, New Brunswick.
[oteroolonlal Ry., to Winnipeg, via Quebec, about 1,475 miles,
,.(..•1

it

mid lease

for fifty years to the (.rand Drunk Pacific guarantee
the bonds on the remainder of the line from Winnipeg
lilt by the company.
V. 77. n. HH 116,250,400.
In Dec. 1802 ]»un ha-e.l the Detroit A LOledO .Ine H K.. De
Mich, to Toledo, O., 51 miles,
oonneo Ion with the Toledo St.
Louis A Western Ky., the latter and the Qrattd lunik Western Wv
guaranteeing the $1,900,000
per cent Shore Line bonds.
This affords a through line to Toledo and a connection via the Toledo
ii
to St. Louis.
V. 75. p. 1354) V. 76, p. 653.
:•.— 'Ihe authorized capital on .June 30. 1902. was £41,
656^64 stock (£40,818334 Issued and £842330 unissued), adranees
from the Canadian Government In aid of oonstruotdon amount to
£8.111300.
Perpetual consolidated 4 per cent debenture stock;
authorized by A.-t of 1883 and Later Act-, has been Issued from
time U) tune U> acquire BCOUlitlee Ol companies consolidated and con
o 31, 1902, to £8,211,988. and bearing an anIH6 \
i,p si. In Aug., l!>03, stookholdera
4 p. c. guaranteed -toek from £5.220.000 to
ti
mi the i.eu »T,.,-k about £500,000 was -ubsorlbed to Oct
per -haie has been paid. £.(0 is payable Deo. 1,
intf

part

it

<»f

I

.

m

i

.

.

.*>

1903. and £33 Oe.
F. 77. p.

1899.

tod.

per -hare on Jan.

F.76.

l'.ioi.

1,

950

•

4%

03.

stock— 1894-0-7.

38

P.

.

on

p.

1

;

& for 1902,

l p.

:td j.ref.,

-«

;•

,

Earni.n..s Jin..(1908.,
Jul)
to
g. 81. {1902.
v

1

For

1;

000. Ht
net eha
.

pref.

cji...

106.918; net, 91,1

Urosi

168,17
t.
1, is- 175
estimated), gross, £2,778,agalnsl £7
advances, £1 1,400; div. (2p. c) on guaranteed
..ii 1-1 pref
stock (2>s p. e.) £8
:«). uddlLg £4,0oo. i-aIhucc on hand

dlngja

-

p.

I

(partlj

1

1902, leaves £5,1
Btatemenl for
1 r

I

903

muling Pec. 31
GroH- earnings
Transportation ,.xp,
l>«ir»

as to F. 76, p. 916.

1900.

J.

..£5.1-

£4,575,433
3.0 88.077
£1.4£1,694.218

ilk.-£l.M0,64ft
£1.'
Total net Income
?...£1,81
£1,73
Rentals
155.219
Interest on b'ds and deb. stk. 1,01
1.07
1,054.512
AiU nine- to controlled roads
16.768
85,727
Dividend on guar, stock .i4\,» 208,792 (4%) 2(
(4<>t,)2'i
Do on 1-t pref. sto,k...(.Y\,i 170,840 (5%) 170.840
0,841
Do on 2d pref. stork...**.
(3\i75,852
(4%)101,136
I>o
on 3d prof, stock ,(l
Balance
sr. £5,667
£4,167
«ur £J 143
President. BlrO. Rivers Wilson, London; Second Floe President and
1

.

Hays.— (V.

77, p B8, 101, 161

Grand Trunk Western Ry.— Own-

Clue. A West, Ind. RK.,

Croa PortHuron, Mich

330 miles, and traokaj
dlana. Smiles; total, 335 ml]
000,
Trunk.
\ reorganisation perplan(V.
Ghloagc * Grand Trunk Ky.. sold In for.

all

owned

b]
-

(

'

1

bs.

The

ed

to

1

of the

1<K>0

Bonds.—The Grand Trunk unconditionally guarantees

2P th
Trunk

for

the interest

North*
and any Interest

ire subject to call at sr>
then due. within the tlrst loyears. Int. on tooomes,
paldln
JolnUy with Toledo -t. l.oui- a Western guarantees I).:r
1

-

1%

Line bonds,

v. 76, p. 653.

Yeajrendlng Deo. 31, 1902,
85; ohargea,
$694,004; 1. ,il., def.. ^31. -•(,;.. (F. 72, p. 1034; V
, ea
>" ,^,l,,>^,, Il
s "' slsipa.)— In Fob., 1890, leased the
l
,^.
Bt. Paul Minneapolis A- Manitoba for 999
mining its funded
deb: an
eeing 6 p.o. per annum In void on lt*$20.000,oo<
In 1903 only $450,600 of Manitoba stock had not 1..1 exchai
Gt-ho ^o^k.~^V. 68. p. 129; V. 67. p. 1356; V. 67. p. 370, 7ss, ^ 4 o
The Northern securities Co. (which see below) formed
1901, owns about 7.". per cent of the -toek. having given
change 9180 Securities Co, Mock per $100 share: it also acquired
.

/^

<

<

•

(

Intern. Boundary to
ri-sey, B. C

Mor4-

Total road Jul,
T>,888
2d and 3d track and sidings 1.-7 1
Montana A Great Northern Ry., Wash. A Great Northern. Seattle *
Northern Rv., Victoria Vancouver A K a -tern Ry. A Nav. Co.. etc., see
F. 72, p. 1187; V. 73. p. 184. 904; V. 77, p. 974. During 1903-04 184
mile- of extensions will be completed and on June 30, 1908, lsl miles
hdditionat were projected.
Winds.— Sales for year 1902-03 were 23,856 acres for $241,098 and 992 town lots for $20,002. The net amount due on land contracts June 30, 1903, was 92,766.478; lands unsold, 793 598 acres,
to be reduced about 650.000 acres by a final adjustment With U. 8.
Minneapolis A 8t. Cloud grant was JJ">.^*
aires; unsold July 1,
1903, 19,611 acres; sales In 1902-03 were 3,698 acres, for $19,883
DiviDKNDs, ) "92 to '96 (Indus.), '97 '98 '99 '00
1901 1902 1903
Gt. No. pf.%j
5 p.o. yearly.
5^ 6>4 7
7
7
7
7>u
Also In 1898 50 p.o. in Seattle A Mont, stock, which was then exchanged for 40 p. c. In Gt. Nor. pf. V.66, p. 1044, 1 ls- V. 71, p. 829.
s.— St. P. Mln. A Man. consol. mort. of 1SS3 is for *.">0,0OO,O00. Of
which bonds are reserved to pay prior liens. It is a first lien on
the land grant and on 670 miles of railway In Minnesota and a
second lien on the remaining 1,873 miles In Minnesota and the Dakotas, the prior Hens on which average only $7,300 per mile.
V. 64,
p. 51S. Montana Extension mortxairc Is for $25,000,000 for extensions
1"

;

11

1 !»l

General Manager. Ohas M

—

I

*

nil: Oct.. '98. 2%;
1a 1900,

On lsl pref.: In
Oct., 2«s9o; '03, May,
o.,the 1-t dlv. since April. H88; him
Oct.. -'-.•'„. '08, May. 2>»%: 0ct,2io .,:
the Aral
i.
F.76,p,

yearly.

On 2d pref., Apr l'.ioo,
May 3 p p.; 1902, tprU.4

account for advances to St. Paul Minn. A Manitoba liv). the proceeds
to acquire 500 miles of additional road and control of Great Northern
Steamship Co. F. 72, p. 580; V. 73, p. 184, 90 J. See below. As to
earlier stock Issues, see Sui tlement of July. 1902.
L,mfg leased and niteralea
ihrned, unbonded
Ht. Pan] Minn. A- Man. Ry.,
Seattle * Montana KB.—
St. Paul to Lowell, Wash... 1,790
Seattle to Westminster
143
Branches in Minnesota, the
Anacortes to
Bockporti
Dakotas and Montana
Wash., etc
2,012
73
Eastern Ry. Of Miiiin-ota—
Fosston to Cass Lake
60
Total operated directly. .4,828
Hinckley to Duluth
Stock owned -oper. separately —
72
Hiiukley to Kridley
65 Wlllmar A- Sioux Falls—
New Dili, to CkUS i.ake
Wlllmar to Yankton S. I).. 205
140
M -sis., Minn., to Hibblng
49
(iarret-on. S. D., to Sioux
Brook Pk. to Coon
city. la., and O'Neill, Nob. 228
Juno., etc
'JO
Duluth Watertown a- Pacitio—
Park Ban a Leech I.ake Ry.—
Watertown to Huron, Dak.
70
Park SapldatoCasa Lake
49
Minneapolis On. Ry.,etc...
8
Dakotd a- Greal Northern Ry.—
Montana enti si
I.akota to lalmoie. N D.,OtO,
40
Great Falls t<> Butte, etc... 260
Duluth Terminal Rv
2 Spokane Falls A- Northern... 203
Duluth Sup. A- West. Term.
5 Washington A- Gt. Nor. Ry.—
Montana A- Great Nor Ry.—
Marcus, Wash., to Republic
Jennings, Mont., to Gateeto
69
way
51 Vancouver Victoria A East*
Gt Falls, Mont., to Sweet
ern Ry. * Navigation —
grass.
Wide. hi. B. C., to Carson,
134
Nest Southern Ry.—
B.
17

>—

,

I

nearly

all of the stock of the Northern Pacific v.
73, p. 101
1161, 13. >7: V. 7t>. p, 101
to 1901 stockholders subscribed at par to $25,000,000 new stock
raisin* total Issue to $125,000,000 ($20 ner share to be
credited od

and

for second track.
\ bntrart V. 45, p, 849
Pariflc extension mort.£6,000,000 provides for bonds at £6,000 per
Montana and £7,000 per mile west of Montana; £3,000,000
of this lame. In addition to those given In the table above, were released
iMiient of collateral trust bond- Bept 1
06, p. 1044,
see nhttract ot mortgage, V. 52, p. 92.
1 l-s
In 1901 the Great Northern and Northern Pacific acquired $107,-

mile In

597300 of the Ohloago Burlington a- Ouinoy RB. $111,142,800
age for their Joint 20-year 4 per cent gold boi

stook

by the deposit «>f the stock In trust, on
-.
d bonds for
each $1">ii -toek. See circular. V. 72, p. 871, 1034, 1135. and application to

li-a.

V. 73. p.

-".»

I

—

tilteay of Minnesota.
First mort. covers road equipment,
terminals and .-levators.
The Northern Div 815,000,000 mortgage
for extension
I
from
Minn.,
built
Fosston,
to the head of lake navigation at Duluth. and ai-o for future requireQcloding the retirement of the 84,70 >,0o0 it "•- al maturity.
de at 105 on three month- nol
\pr. 1. 1928.
.11.471. Montana Central bonds cover Si
e adv.
Chkom. Deo. 12, iso.1.) The Manitoba guarantees these Issues, and
guaranty. See form of latter, V. 71. p
ir d Sioux Falls bonds are endorsed with joint and several
guaranty of the Manitoba and Great Northern .-on
.rther
7.5(H) p. in. for additional road. V. 56, p. 247.
-<i ttr-t mortgage
Is for$1.000.O
p 835.
- B.- In 1901 hj (10 monl
0.000
("1
per ,-nt
in 1900 01,
rn Ry. of Minn stock; In
tral -lock.
•0 (5 p. c ), and on Wlllmar * 81ou
tal funded debt per mile or main track <4.7.".l mtlesi in the ha'
the public. ons.
77. p '.'7In Jan., 1903, the Northern steamship
boats
and Gnat Northern eley H t,,r at Buffalo. N. "\
for al>ont
I

-

-

•

t

1

I

:

1

;

:

'»:

V .77,

p.

N

ami Montana Contrail July
.39,120 In 1902.

Minn.
1

to

Aug. 31,

'.

"7,501.

1378

RAILWAY STOCKS AND BONDS.

[Vol. lxxvh.

Oct., 1903.]

RAILWAY STOCKS AND BONDS.
1379

RAILWAY STOCKS AND BONDS.

13S0
RAILROADS.
For

Miles

column headings,
on first page of tables.

explanation of

Date

of

of

<kc, see notes

Size,

Road. Bonds Value.

INTEREST FOR DIVIDENDS.
When Where Payable, and
Payable
Cent.
Whom.

Amount

or

Par

Outstanding Rat* Per
|

Great Northern— ( Concluded) —
Wlllmar A 8i'x F'lls 1st M.,g.,gu.p.<fcl.(end)Ce.c*£r
Minneapolis Western 1st mort., gold, guar
o*
Dulutti Superior & West, car trusts, assumed

205

1888

100
l.OOOAo

3,646,000
500,000
88,121
4,002,000
118,000
274,000
2,500,000
600,000
7,000,000
200,000
5,250,000
749.500
750,000
434,000
5.000.000
•4,591,000

100 <fec.
50
500 Ac.
100

300,000
1,182,550
700,000
2,712,800

1.000
1,000

177 1900
Great Nor. Ry. of Canada— 1st M., g.,s.f.,text.Ce.o*
1900
goebec Term'l M., $300,000 auth. (V. 71, p. 698)
qulpment bonds, due semi-annually
Green Bay <£ Western RR.— Stock. Bee text
1896
Debentures, Class A, Incomes, text, non-oum. .c"
1896
Clans B, Incomes, after stock, non-oum
c*
Greene RR.(N. Tj— Stock
1899
Quay. <f <?. —1st M. $12,282,000, g., gu., text.
75 1893
Gulf Beaumont <& K. V.— IstM.. $10,000 p. in., g. A B.o
75 1893
2d mort., $10,000 per nille($176,000 arc 6s)AB.C
Gulf B. iot. No.,gold.p. Ail. gu..end.AIf te.xt.c Text. 1900
Gulf rf Ship /s/anrf-Stock, $\000,000 authorized.
o*Ar
251 1902
1st ref. and terminal M., % \
Hancock <£ Uatumei— Sen Minkral R\nok KK.
Hannibal <t 8t. Joseph— Bee Chloago Burlington & Quincy.
22
1895
Harriman <t Northeastern— 1st M., gold, Oe
....
53
Harrxsb. Portsm'th Ml. Joy <t Lane.— Stock, 7 p. e.gu.
53 1853
1st mort. (ext'din 1883), guar.p.&l.Pa. KR.(;P.r
109
....
Hartford <t Connecticut Western— Stock
109 1883
1st mortgage, extended in gold in 1903..
Henderson B'dge Co.— 1st M., g., d'wn at 105-Ce.o* .... 1881
4>*
Hibernia Mine RR.—Stock
....
Hocking Valley JO/.— Stock, com., $11,000,000..
Stock, pref., $15,000,000 4 p. o. non-oum
76 1867
Columbus & Hocking Valley 1st more, gold...o*
118 1875
Col. A Toledo 1st M. (Columbus to Walbridge).oOhio A West. Va. 1st M. (Logan to Pomeroy)o*..
85 1880
346 1899
1st oonsol. mort., $20,000,000, gold.Oe
* $16,000 old 5s of 1896 remain outstanding.

1,000
1.0C0
1,000

100
1,000
1,000

100

Ham

1,000

500
500
1,000

.

700,000

1,000
1,000

1,503,000
200.000
11,000,000
15,000,000
1,401,000
2,500,000
1,584,000
12,157,000

100
100
100

500 Ac
1,000
1,000

1,0004c

Annual Report.— Report
p. 821, 946, 974.

for 1902-03 was given at length In V. 77,
See also editorial, p. 930.

OPERATIONS GREAT NORTHERN 8T8TEM PROPER.
1903.
1902.
1901.
Tear end. June 30.
5,249
5,490
5,202
Av. miles operated
(1)

Gross earnings
Net earnings
P.

c.

of exp.

$40,785,647
$19,234,692
52*84

and taxes

$36,032,256
$17,003,398

$28,350,690
$11,537,628

5281

5930

(2) GREAT NORTHERN INCOME ACCOUNT.
1903.
1902.
Year ending June 30.
Net earns. 8t. P. M. A Man... $17,961 ,874 $13,268,998
396,871
380.635
Interest on bonds owned
850,267
1,419,960
Dividends on stocks owned...
363,177
Profit on Treas. secur. sold .
74,034
Rentals of leased lines
111,385
176,484

Total receipts
$19,801 ,346
Paid rental St. P. M. A Man. $3,992,737
Great Northern dividends.... (7)8,673, 973
Renewal, etc., funds
3,000,000

$16,085,456
$3,742,546

$12,274,088
$3,687,656

(7)8,225,920
2,000,000

(7)6,897,369

Balanoe

sr.$4, 134,636
(d) OPERATIONS
Gross.
30, '03.

8r.$2,116,990 sr.$l,689,063

OF WHOLE 8T8TEM.

Oth. inc.
Tot.net inc.
Tear end. June
Net.
Great Northern Ry ..$36,960,743 $17,961,874 $1,245,971 $19,207,845
Montana Central Rv. 2,222,457
777,660
35,343
813,003
Will.

A Sioux Falls Ry
Ry

1,501,380
101,067

Dul. Water.APac.

462,422
32,736

6,405

145

g

"

g-

D. N. Y., 32 Nassau Street.
J. N. Y.<feLon., BarlngBros

J. A D. D.L. AW.off.26 Exch. PI.
6
6 g. J. A J. N Y..U S M.&Tr ALon.
N. Y., 59 Cedar St.
6 g. F. A A.
do
do
5 A 6 g. F. A A.
do
do
5 g. J. A J.
See text Q.-J.
Buffalo, N. Y.
J. A J. N. Y., Flsk A Robinson
6g.

6

g.

J.

A

J.

& J.
A J.
:FAA.31
41-jg. J. A J.
6 g. M A 8.
A. A O.
6
3 in 1903 J. & J.
4 In 1903 J. A J.
4 g. A. A O
F. A A.
7
M. A N.
7
4»sg. J. A J.
7^ in

'03 J.

4
2

& St.

Phila.,

3%

1932
Aug. 1, 1913
Aug. 1, 1913
July 1, 1930
Oet. 15.'03,

1%

Feb.

1,

195*

Jan.

N.Y., Central Trust Co.

J.

Green Bay Winona

June. 1903,

1,

1916

Company's Office July

do

do

i

Hartford.

do

i

10, '03, 4
July 1, 1913
Aug.31,'03,1%
July 1, 1923
Sept. 1, 1931

N. Y., 120 Broadway.
See Central of N. J.
Oct. 10,'03, 3%
N.Y., J.P.Morgan A Co July 18, 03.1 1«
,

do
do
do
do
do

do
do
do
do
do

Jnlyl8,'03,2%
Oct. 1, 1948
Aug. 1, 1905

May

July

Paul, sold in foreclosure

May

1,
1,

1910
1999

12, 1896.

Securities.—There are no fixed charges on the property other than
any be plaoed thereon, or the property he sold or leased
without consent of 75 per cent of stock. Class A debentures are entitled to 2^ per cent interest, if earned, then common stook to 2*8 p.o. p
then the two share ratably but after 5 per cent has been paid on both,
olass B bonds are entitled to all surplus earnings. See V. 61, p. 471.
Dividends—
(1898. 1899. 1900. 1901. 1902. 1803.
2»«
3
4
Class "A" deb., p. o
<
4
2»a
2»a
4
4
Stook, p. o
2>«
3
( ....
Report for year ending Deo. 31, 1902, In V. 76, p. 702, showed:
taxes, nor can

;

Rassen'r.

Taxes,

Net.

Gross.

etc.

Ral.,tur.

$374,140 $128,214 $502,354 $165,980 $16,457 $149,523
126,6^5
527,312
172,010
39,654 132,355
400,627
From balance In each ye»r was paid, on deb. "A," 4%, $24,000; on
common stook, 4%, $100,000.
Directors.—S. 8. Paimer, Pres.; Mark T. Cox, See and Treas., 40 Wall
St., N. Y.; C. Ledyard Blair, J. A. Jordan, W. J. Hunt— (V. 76, p. 702.)
Greene RR.—Owns road from Chenango Forks to Greene, N. Y„
8 miles. Leased to Delaware Lack. & W. for term of charter for 6 p. o.
'Mi stock.
Capital stock, $200,000; par, $100 The $200,000 7 p. o.
bonds which matured Dec. 1, 1902, are held iu the D.L.& W. treasury.
Guayaquil A Quito Ry.— (3^ foot gauge.)— Projected from
Guayaquil to Quito, Eouador, about 290 miles, with two branches.
Of this. 115 miles, from Guayaquil to Guamote, are in operation.
Controlled by the Ecuador Company of London, which Is building
the road, $12,282,000 bonds, $5,250,000 preferred and $3,586,320 (51
p. o.) of the common Stockholm: deposited as earned as security for
the £1,000,000 six per cent gold bonds of the Ecuadorian Ass'n (predecessor company) due 1932 (int. J. -J.), but redeemable at 110 after
1905. See V. 72, p. 1283; V. 75, p. 289, 1031; V. 76. p. 593; V.77, p.'510.
Stook authorized, common, $7,032,000; preferred, 7 per cent, cum.,
$5,250,000. The bonds are guaranteed, principal and interest, by the
Government of Eouador, secured by a first lien on all the Customs
duties of the latter.it reoeivingln consideration 49 p. o. of the common
stock. Interest in London is payable at Glyn, Mills. Currle A Co.
Ail the bonds are subject to a sinking fund of 1 per cent yearly, for
which thev may lie purchased at the market price, and in addition
$1,014,000 of the issue (of which $550,000 are now outstanding) are subject
to oall at par for a special sinking fund.
1901

2,059

other Income..

Due.
Stocks—Last
Dividend.

1902

474,141

A

pal, When

m

1,491

Int.

Of the

A
A
&
A
A

Bonds— Prlnoi-

—
b>

June 1, 1938
July 1, 1911
To FeD. 1,1906
5 g. J.
J N. Y. Central Trust Co. Jan. 1, 1950
5
J.
Royal Tr. Co., Mont.
J
1951
6
J.
J. N.Y., Central Trust Co.
To 1906
Feb. J, '03,4%
4 Feb. '03 Feb.
N. Y. of., 40 Wall.
4Feb.'03 Feb.
do
do
Feb. 2, '03,4%
do
do
2
5

Freight.

402,424

Bills receivable

General

Vol. lxxyii.

468,-27
32,882

Tot. Ry. Bys. proper$40,785,617 $19,234,692 $1,287,864 $20,522,557
Spok. Falls A Nor. Sys. $9-5,2-2
$18,048
$266,963
$248,915
Btlnneapolls Union....
263,180
206,222
9,768
215,990
Minneapolis Western.
02,439
25,190
5,190
30,330
13,500Duluth Terminal
13,500
36,142

Tot. for thesystem.?42, 137,690 $19,728,519 $1,320,870 $21,049,390
From this last result ($21,049,390) were paid the totalinterest juarge
of all the companies, and the guaranteed dividends on St. Paul Minneapolis A Manitoba stock, not owned, a total of $4,94^,617 ana dividends of $s, 67^,973 on the stock of the Great Northern Ry. Co. and
$3,000,000 for appropriation for renewal funds.
officers.— President, James J. Hill, 8t. Paul; 1st Vice-President,
James N. Hill, St. Paul; 2d Vice-Pres., R. I. Farrlngton; 3d Vice-President and Secy, E. T. Nichols, New York; 4th Vioe-Pres., J. W. Blabon;
Treas'r and A sst. 8ec'y E. Sawyer, St. Paul; Asst. Seo'y and Asst. Treas.,
N. Terhune, New York N. Y. office, 32 Nassau St.
Directors.— J. .). 11)11, Frederick Weverhaeuxer. K. Sawyer. M. D. Orover.
K. I. FarrliiKton. II. W. Cannon. J. N. Hill. I.uuis W. Hill, Win. 11. Dean.
—(V. 76, p. 101, 330, 10o4; V. 77, p. 821. 946, 974.)

President. Mir Jas. Siverwright, Loudon Vice President, T. H. Powers
Farr, New York Saoretary. Benonl Lookwood Jr.; Treasurer, Samuel
H. Lever, N. Y. Office, 33 Wall Street.— (V. 77, p. 196, 510.)
;

;

Beaumont A K.C.Ry.— See Sup. forOot.,1902;V.77,p.l225.
A Inter-State Ry.— See page 1490.

tiulf
«oi if

,

-.

Great Northern Consolidated Securities Co.—
Organization.— Incorporated in Ontario, Canada, in 1903. Holds
a majority of the stock of the (ireat Northern Railway of Canada
(which see below); also of the Montfori & Oatlncau Colonization Ky..
Montfort Jet. to Arundel, 3:1 miles, a bran h of which is to be built
from St. Jerome to st. sauvour, 13^ miles, and or the Chateaugay A
Northern Ry., building from Juliette to Montreal, 3<i miles.
Control will be held l>\ the Canadian Northern and (Jreat Northern
Ry. of Canada interests, ensuring the operation of the two systems
practically as one property. V. 76. p. 704. Stock authorized, $8,000,000, all of one clasf. (V. 76, p. 704.)
» Great
Northern Hallway 'ol
Owns main line
between Kiv-a-Picrrc, on line of Quebec A Lake st. John Ky., to
Hawkesbury, On Ihe Canada At lantic Ky., 16S miles, with running
rights OTerQ. A L, si John to Quebec, 5S miles; also a branch to
Hhaw Inlgan, 'j mile-, and one to St. Jerome, 1 tj miles total operated
June 80, 1902, 882^ miles. Leases Chateaugay <v Northern, building
from Jollette to Montreal, :;t; miles, to be completed in 1908, Has 5ontraot with Leyland line, expiring L905, m connection with
which and Canada Atlantic Ry. 11 forms a through line from Chloago
and l)u In th to Liverpool and London. England, sod miles short r than
.rami repair shops at Quebec,
via Buffalo. Owns el.Milor a1
V. 71, p 1220.
etc.
Control- In March, 1908, control was acquired by the
Northern Consolidated Securitiee Co., In which Canadian Northern
companies. V. 76, p. 705.
parties are largely interested,
Btook authorised, oommon, 84,550,000; debenI urn Bonne
ooo. Of the $6,000,000
ture Btook, 83,000,000; preferred i
first mortgagi
i A, issuable at 920,000 per
mile of o
road, 88,540,000 are outstanding, and also $500,000, series B
count of bridge across the Ottawa River at law keslmry.
Report for voir ending June 80, 1903, Ilrst full year of
actual operation, was in V. 76. p. 1852, showing gross, t-vji,.
$207,!K',,i; total deductions, 8157,417; balanoe, surplus $50,546.

Canada.—

I

;

i

I

President. Pierre Garneau, Quebec; l ~t Vice Prest, Jami
v. 78, p. -<>. 542, <• i8, 705.
35 Nassau St., N.

Y-

iMoNausht,

«;reen Itii) A Wctcrn It II.— Ko.id owned from Ir.'cii Hay, Wis.
Marshland, Wis., 'JO'.t miles; branches, 13 m.; BrsVOknge to Winona, 4 m>
(

to

RR.—

A

(See Map.)— Owns from Gulfport on
Gnlf Ship Island
Mississippi Sound, (iiuf of Mexico, to Jackson, Miss., 160-5 miles;
branches, Maxie to Columbia, 48*75 miles, and Saratoga to
Laurel, 41-75 miles; total, 251 miles.
The road was extended
as above In 1899 and 1900, the entire line being operated from Sept.,
1900. V. 69. p. 1011. Laid with 60,65 and 75 pound steel rails, for
former of whiob 75-lb. rails are being substituted. Important harbor
Improvements are being constructed at Gulfport, including an extensive system of docks, piers, etc; also a ehanuel 7 miles long extending to deep water. A branch from Menrienhall to Columbia 60 miles,
Is under construction. Charter is perpetual.
Stock.- Capital stook, $5,000,000 (par of shares, $100) all outstandTrust Co. under a voting trust; J.
ing and deposited with N. Y. Seo.
T. Jones, Harvey K. Fisk and Charles K. Beokiuan, voting truste es.
July. 1 p. c Oct 1 p. c.
l)i\ miNiis.— In Apr., 190?, 1 p. o
Bonds.— Of the new 1st 5s ($5,000,000 authorized), 88,750,000 were
used U> refund the old bonds (only $16,000 of the latter being now outstanding), the remainder belm: l»suableas follows: $1, 0(H), 000 to complete the terminals at Gulrport, $500,000 fornewec[ulpinent and $750,000 for 7"> lb. rails and other Improvements to roadbed and structures. A sinking fund of one per cent yearly aooruing from Jan. 2,
1805, may purchase bonds at not exceeding 110. but the latter cannot
See V. 7 1, p. 438, and application to list, V. 74, p. 1257.
lie ill awn.
Earnings.—Fox 1 month ending July 31.
Otli Income.
<} •'•si.
Cbnrqei. Bat., sur.
VS
I month
#!>7o
819.20".
$11,754
$59,988
$151,879
13 07:;
45.469
32.642
180,844
848
Report.—Report tor year ending June 80, 1003 (2.M average miles),
vas given at length in V. 77, p, 1220, 1237. showing, grosi, $1,705 ,
<I7: n<t
over taxes. $625,429; other income, $3,719; oharget,
Pres.,
$200,000; bal.. surplus. $33 ,717.
$195,431; dividend

&

;

.

.1.

1

.loin

-,

Kutl'alo, N. Y.

— (V.

77,

;

,

0.898(510, 1220. 1237.)

Halifax A xmtliwontcrn Kv.— V.

76, p. 751j V.77. p. •_".»sV TTorlhwterm Ry.— Harriman to Petroa, Teun.,
In Jan., 1908, entire stork acquired in the interest of the
Cincinnati, New Orleans A- Tex. I'.ic Ry hut will be operated separYear to Mar. 31. 1902, gross,
ately V.78,P 157
BtOOk, 880o,000.
1,981; charges, 818,000.— (V. 78, p. 918.)
Hartford A ('(iiini'ciliiK \Vc»lcm lly.— Owns from Hartford
Conn., to Khineellli, N. Y.. <>'.» miles, and from Tarlffvllle. Uonn.. to
Al- iwam Jet., Ma-*., 14 mllei.
Leased till August, 1940, to the Cent

If

iIbsb

22 miles.

.

•

1

Oct..

RAILWAY

11)03.

MAP OF

Till.

GULF & SHIP ISLAND
RAILROAD
AND

tTS

CONNECTIONS.

BIN

m

IKS

AND BONDS.

1381

i

RAILWAY STOCKS AND BONDS.

1382

RATI. ROADS.
Miles Date Size, or
For explanation of column headings, Ac, see note"
of
Par
of
Road. Bonds Value.
on first page of tables.

Eoek F(C<m.)K.AH.C.&O.lstM.g,gu.red.ll0aril
Con.Coallst M.,$3.50O,0O0.g gu.sf.*06,red.ll0af.'12S
Car trust bonds and scrip, s. f., red. at par, g. tl p
Equip, notes, payable monthly.
Oar trusts, gold. $80,000 semi-annually.*
Eoosac Tunnel cC Wilmington— Stock
1st mortgage. $250,000, gold. OH
Eoust. ft <t \Y. Texas— gu. p. & 1. by So. P.Un..O"
J
1st mortgage, gold.. \ not guaranteed
Houst.A Icjc. G.HTi.— Stateof Tex. pr. lien 1st 75 m.
Ml. gr.g.red.llO,lnt.gu. $2,250,000 prt.Oo'ir
1st
Con. M..
g., g., red. at 110. Int. guar F.e'.ter...
Gen. M..v'old,int.guar.,end.,$8,0(H» paid 1M po'Ar
Waco A N.W.Dlv., 1st M.,g.,$2.=>,000 p.m Ce.o'Ar
-Austin A- Northwest., 1st M.,g., gu.p.A- LlHp.O'At
Ft. Worth A New Orl 1st M. (Wax. to Ft W.t.
C.Tex.A N.W.,1-1 BL.gQ B. 1'ac. i(iar. to Wax.)F
Huntingdon <f Broad Top Common stock
1.

,

—

Preferred stock, 7 per cent, non-cuimilatlve.
1st M., extended In 1890 (Int. only In gold)..«P
2d M., old 7s, extended In 1895, p. A 1., r.)...GP
3d mortgage, consol., (<xt. In golct In 1895.«;P.o*
Consol. ear trust, 868,000 due ()et. 1 yearly
14th ser. ear trust, (29.000 yearly Deo. l.PeP..
lbrrut J Vermilion — 1st mortgage
Illinois Central— Stock, $95.040.000
Leased line 4 per cent stock, guar, (see remarks.)
6s
mr„«rt n r Sterling Ixls. olddueext. In 1895
Sterling bonds,
1874 for 4s of l«86,due 1951,1905. ...o*
gold.
$15,000,000 3^sof 1886, due
1951, g...o*Ar
secures all
due 1951, gold.o'Ar
equally. I » 3s of 1895.
3»«8 of 1903, due 1951. g...c*Ar
I

25
192
192
75
453
453
453
58
103

1870
1890
1890
1890
1900
1891

1881

do

16

Nov.'03-My 12
,

A
A &

.7.

&
A
J. A
J. A
A. A
J
&
J
&
A ft
F. A
A. A
A. A
J. A
F. A
M. A
J. A
A. A
J. A
J. A
J. A
M. A
A. A
A.

M.

100
100

706

*200
4200
1,000
1,000

ls'SO

4200

l B98
1903

1,000, Ac.

New England

Ry., the rental paying'charges and 2 per cent per annuo
on the stock, of wh ch $1,390,100 Is owned by leasee.— (V. 76, p. 1034.)
Henderson Bridge Co.— Owns bridge across Ohio R. at Henderson. Ky., and 10 miles of road. Stock is $1,000,000 (par, $100), of
Which the Ixiulsvillc A Nashville Co. holds practically all. V. 73. p. 444.
$497,000 bonds In sinking fund In Oct., 19o3.-(V. 77, p. 349.)

UK.— Owns from Rookaway, N. J., to Hlbernla
Leased to Cent, of N.J. In 1890 for $12,000 per an.
forking: Valley Hallway— (See Map.)— This company owni
main line from Pomeroy, O.. to Walbridge, O., 250 miles, with trackage (Penn. RR. System) Walbridge to Toledo, 6 miles; branches to
Athens, Neleonville, etc., 73 miles; leases Wellston A Jackson Belt
Ry., McArthur Junction to Jackson, 18 miles; total, 347 ra.; 2d track,
25 m. In Oct 1^02, acquired all the securities of Zanesvllle & Western Ry., Columbus to Shawnee and ZanesviLle, O., wltu branohes, a
total of 126 miles, of which about 40 miles Is held under lease or
trackage rights. V. 75, p. 906.
History, Ac— Successor on Feb. 25, 1899, per plan in V. 68, p. 231,
to the Columbus Hock. Valley A Toledo Ry., sold under foreclosure
Feb. 24, 1899. V. 68, p. 231, 379. The coal lands, from which the bulk
of the company's business is derived, aggregate about 20,975 acres, and
are covered by the new consol. mortgage. In Dec, 1899, acquired
control of the Toledo A Ohio Central Ry.. by purchase of entire IssQe of
$8,421,000 Middle States Construction Co. collateral 3s, which are
secured by deposit of the entire stook of the Tol. A Ohio Cent. Ry.,
except $54,100 common and $11,600 preferred (8ee V. 69. p. 1345),
but that road is operated separately. See Stock below.
Bto< k.— The preferred stock is subject to call at par. As to sale
Hlbernla Mine
in.

,

common stock,

see below.
Sale of Stock, Etc.- In June, 903, $6,924,200 of the outstanding
$11,000,000 common stock, which had been deposited with J. P.
Mui-Kiin (V. 75. p. 1301), was sold to Ave railroad companies, viz.: The
P. (in. Chic. A St. L. (two-sixths interest) and Bait
Ohio, Ches.
Ohio. i. nke Hh A M. South and Eile (each ono sixth), the owners re
celving $103 per share above all expenses. There were Issued by J.
P. Morgan A Co. $7,270,;10 three year 5% gold •'participation certificates," due June 28. 1906, int. payable J. AD 88, secured by the stock
acquired and severalK guaranteed by the various companies in the
proportion named, v. 75, p. 1301; V. 77. p 36,1225.
Diviokndh.- On preL; 1900,81a p.&; 1901 to July. 1903, inc.l 4p. o.
per annum. On com. July. 1901, to July, 1903, lnol 3p. o. per annum.
Bonds.— The consols ($20,000,000 authorized) besides allenonihe
entire property, subject only to $6,274,000 prior bonds, have a first
lien on all the coal lands $6,274,000 consols are reserved to retire
the existing bonds (these existing bonds, however, may be extended at maturity) and $5,645,000 for the acquisition of new property
and betterments, of which $3, oo 7.000 sold In 1899-1003. v. 72, p. 338;
V. 74, p. 1038; V. 70, p. 192. Substantially all of the bonds and stock
of the Ohio Land A Ry. Co. and the Wellston A Jackson Belt Ry., 18
miles, are deposited under said mortgage. Description of bonds In V.
68, p. 823. Guarantees Kanawha A Hocking Coal A Coke Co. bonds.
(8ee V. 74, p. 271.); also Continental Coal Co. bonds.
(V. 75, p. 497,
987.) The car trusts of 1902 cover 3,020 forty-ton gondola cars.
V
74, p. 1190; V. 75, p. 711.
1

&

&

,

1

1, 1951
1, 1952
Co
1, 1904
Morgan A Co To July, 1908

Gross earnings.
$6,049,098
Operating expenses and taxes 3,838,.-)26

Net earnings from oper'n..$2,211,172
Other Income
686,861
Total available income

fixed charges
Dividends on pi eferred
Dividends OH Common

$2,898,033
1,093,935
(4)560,000
(3)321,324

1901-02.
86.816,523
3,229,331

1900-01.
$4,053,258
2,785,286

$2,087,192
504,549

$1,807,972
474,084

$2,591,741
9.:- 68

$2,31

(4)500,0(10

,

do
do
do

A.
O.

O
D

do
do
do

(8)812,648

(4)560,000
(lHi)156,324

Balance, year's surplus.... $922,774
$729,725
$637,853
ident, N. Monsarrat, Columbus; See. anil Treat \V.
OFWlt
N. (on, Columbus; Ass't Beo. and Treaa., a. h. Qlliard, New York.
Mexaadsr, Elobafl Bacon,
Dirk
Qal)awa7,Tboinai W
Nen \nrk; Myron T. Her rick, luiim \V. Ili.ko.x
Bran and Cb«
Chxrle. <;. Miekox ann Jamet II Hmi, Cleveland: P. W. Huntington V
.MniMMrriii W. 1.1.
Isueed and K 8. Warner. Colurabiu
-(V. 70, p. 865, 87*. li'.'-, v 77. p 86, 860, Tad, 777, 1226.)
llooMiic Tunnel A Wilmington II It .— fx akkow Oadok.—
Owns road from Hooaac Tunnel, Mass., to Wilmington, Vt», 25 miles.
Bills payable .Mine 80, 1908, 824,986,
Earnings ior
-i; net. fi9,2t>4; charge*, 818,474; dividends (2 p. C),
,

km

c; in 1697 to 1902, inclusive, 2 p. 0. yearly,
Orlcim* IC\
V. 75, p. 1864.
lloiiaioii lleimmoiit A.
Houston IOhnIA. Wc«l Texaa Ky.— Owns Irom HoiiHton, Texas

$5, (ion.

Di\M.

111

L896,

1

p.

New

.

Sept. 30,

1920

Feb. 1, 1925

I

Mch. 31.1925

1

Phlla.,Merchant8*Trust Oct.1,'04-1906
To Deo. 1, '11

Penn. Co. for Ins., Ao.
A. N.Y.,So.Pac.Co. 120 B'y
8.

Auk 1943
N.Y.,214B'wayALon. Sen l.'C3, 3%
do

J.

July, 1903. 2%
Apr. 1, 1951

do
London.

O.

D. I-ondon, Morton, C.A Co. Deo. 1,

J New York, 214 B'dway. Jan.
Jan.
do
do
J
S

O

London.
London.

New York A

Mar.

1,
1,
1,

Apr.

1,

1905
1951
1951
1951
1951

Sabine River at Logansport, 191 miles, where It connects with the
Houston & Shreveport RR.. Logansport to Shreveport, 39 miles. Reorganized in 1896 without foieclosnre. Bond Issue limited to $3,000,000. Stock $1 .920,000, of which $1,905,000 was owned by 80. Pao. Co.
In 1903 the Rock IslaDd Co. arranged to acquire a half Interest in the
stook. V. 76, p 1084, 1407; V. 77, p. 823. In 1902-3 a dividend of 16
p. c. was paid from moneys received from the reorganization committee In adjustment of accounts. The Southern Pacific Company has
guaranteed S2.199.0O0 of the oonds, principal and Interest, by endorsement, reserving the right to redeem the bonds at 105 and interest at
any time on six months' notice; guaranty, V. 70, p. 841; see also V.
71. p. 236. For 9 mos. ending Mar. 31, 1903, gross, $6H5,881: def. under
oper. exp., $9,679; int., taxes, etc $118,135. For year 1901-02, gross,
$901,420; net. $188,659; other income, $3,424; oharges, $159,878;
Dal., but., $32,205.-(V. 76, p. 1084, 1407.)
HouMton &. Texan Central llallrood.— (See Map of Southern
Pact/tc) Owns from Houston, Texas, to Denlson, Texas, 338 miles,
Hempstead, Tex., to Llano, Texas, via Austin. 215 miles; Bremond to
Ross. Tex.. 55 miles Garrett to Fort Worth, 55 miles; other branches,
30 miles, total owned. 692 miles.
History.— Successor April 11. 1893, to a railway company foreclosed Sept. 8, 1888. Reorganization plan V. 45, p. 792, 820. On Aug.
22, 1901, various controlled lines were merged. Including the Austin A
Northwestern, an extension of whloh from Burnett to Lampasas, 23
miles, was completed Nov.. 1902. V. 72. p. 4«0, 821; V. 73. p 137.
494. Litigation, see V. 74. p. 680. In 1903 Rock Island Co arranged
to acquire a half interest in the stook. V.76. p. 331, 1407; V. 77, p. 823.
Bonds. The bonds are being gradually reduoed with proceeds of
land sales. The first mortgage was for $8,634,000, of which $570,000
reserved against claim of 8tate of Texas upon 75 miles of the road.
The 80. Pao. Co. guarantees Interest on all bonds. The first mortgage
bonds and the consolidated mortgage bonds may be called for redemption at 110 with proceeds of land sales. See full abstracts of all the
mortgages in V. 52, p. 242. Of the$5,068,000oonsolldated 6s authorized
$1 49.000 (not included In the amount outstanding above) are held aa
Sait seourity for the general 4s There were also Mar. 31, 1903 $425,00 Lampasas extension interim 5s. Stock. $10,000,000. of which the
So Paeitlo Co. owned *9. 596,000; par, $100; one half of this being
acquired in May, 1903, by the Rock Island Co. V. 70, p. 1084, 1 192.
was paid out of accumulated
1407. In 1902 3 a dividend of 6 p.
surplus. V. 76, p. 1407. As to school fund claim for $673,100, see
to

,

—

—

,

1

V. 64, p. 1137

;

V. 66. p. 471; V. 70. p. 686.

Lands— The

lands June 30, 1902, held for cancellation of 1st and
mortgage bonds, consisted of 2,440.843 acres; laud contracts
outstanding were $1,431,867. V. 65, p. 869.
Latest Earns.— lltnos. > 1902-3 ..Gross. $4,557,687; net, $1 335 278
4,452, 34; net, 1,509 806
July 1 to May 31.
$ 1901-2. ..Gross,
For 9 mos. ending Mar. 31, 1903, gross, 84,144,01% net, $1,269,100;
consol.

other Income, $15,414; int., taxes, etc., $09-, :i_'s bah, sur $~>86,216.
In year 1901-02, gross, $5,156,171; net, $1,538,291; other income,
$37,011: total charges. $1,003,074; balanoe, surplus, $572,228. In
1900-01, gross. $4,958,392; net, $2,004,821.— (V. 77, p. 823.)
.

;

Badaondk tiaiiliHttanRK.-V.76.p. 705.752,1248.
II nnlliiKdon & Broad Ton ITU. Kit. A Coal Co.— Owns
Di\— '91.

On com.
On pref

Pa.,

from
45 miles; branches, 19 miles.

000

'92. *93. '94. *95. '96. '97. '98. '99 *00. '01.

24 55
777777

4ifl4

1

OrOSS.

Interest.

A'ef.

1903.
5

'02.

0...

55ifl7 5
6
AJ4NHAL Report.— Report forl901 was given In V. 76,
.

6

7
916.
Dirid'inls.
Halunct
8120,000 alir.fl 19,416
100,000 sur. 117,775
p.

$800 246 $345,000 $106,190
loo, 190
754 633
824,964
(V. 70. p. 168, 881, 916; V. 77, p. 140
Iberia A Vernil ll'>n Kit.— Salt .Mine Jet.

1901

1

to Abbeville. La., 16
stock. 8300.000, of whloh 8298,500 o\s ned b
oulalanaA-Texas RK. a Steamship Co. (So. Pao. system). Year 1901-02,
gross, $70.500; net, $43,347; int., taxes, etc., $17,032; bal., sur., $20,315.

miles,

1

IlllnolnCeiilral

9987,879

1,
1,
1,
1,

Apr.

May

3.

1902

82.

1912
1921
1930
July
1941
Deo. 31, 1925
Oct.

N. Y., 120 Broadway. Oct. 1, 1911
J Phll.Of.,4thAWalnut8t July24, 03.*»«
July24,'03.3i«
do
J.
do

77, p. 70 1,777; see also editorial,

1

1933

1,

Annually.
July 1, 1937

O.

Huntingdon, Pa., to Mount Dallas,

p.

May

do
do
Houston, Texas.
Central Trust Co
do
do
O.
O.
do
do
N. N. Y., Cent. Trust Co.
do
J.
do
J. N. Y.,

Latest Eahninos.— For 2 months ending Aug. 31:
(ir>,*s
Xri.
2 mot.—
oth. i»c.
Balance.
Charges.
1903
$1,153, :.5
$455,845
117,540
$314,209
9159,181
1902
1,077,242
433,436
24,989
147,292
311,133
ANNl'AI. BKFOaX.—Traffic Is mostly freight, and over 00 p. 0. of this is
bituminous coal. Average train load Is large— in 1903, 022 tons.
Report for year ending June 30, 19< 3, was given at length in V.
1902-03.

July
Feb.
Apr.

"Wilmington, Vt.
Jan. 1,'03, 2%
Bost.,01d Colony Tr.Co Sept. 1, 1922
N. Y., 120 Broadway. May 1, 1933

1,000
1.000
1,000

1875
1875
1886

do

N. Y., J. P.

50
50
500
500

1854
1857
1865
1896
1899
1893

T»i*rtH«n«i
Dividend.

York.

N. Y., Metropol. Tr.

'

18!>5

12
64
64
64
64
64

Ww«
Whom.

Payable

New

1,00
1,000
1,000
1.000
1,000
1,000
1,000

|

of block of

Cent.

$1,000
1.000
1,000
1900-1 Various
1»02
1.000
100
1892
1.000
1893
1,000
1893
1,000

41

J

Mines. N.J. .4 >4

niifjjt a nrftn<,

Hoiutx— friuoiINTEREST OR DIVIDEND?.
pal.When Dae.
When Where Payable, and by Stocks— L&at

Rate P« r

1901
1902
1894

1

(

Amount

[Vol. lxxvii.

111..

It

It.— (Nee .Map.) — Road.— Operates from Chloago,

southerlj to New Orleans, La., 919 miles, and westerly to Sioux
la., 509 miles, with numerous branches, viz. (Hwhleh see):

City,

Hoad owned

Milm.

in fee.

Chicago to Cairo,

111.

1

M

,

,

1

itralia,Hl.,to Basl ,_,.„"< 706
Central!

Dubuque,

la

Dubuque * sioux

I

citvll
City to Kiiiiigh'm, in..
Sprlngtleld to B St. IahiIs,
(V. 71. p. 547)
111.
.{,,,,,,!;, I
H
1901,
i:\ans\llle,
1,
111, to
Mid w iih 6 "i. branch (V.

swii7.

1

1

730
88
88

Milts.

Evansv. Line (Ohio Val. KR. 139
Mem., Ten., to Qrenada.Mlss. 100
Yazoo a- Mississippi VaL KK.
Memphis to N. o. and bra.. .1,168
.outs Alton A Terre 11
st.
i 39
Fntire stork owntd
709
Branohes
1

Least

.

.

.

.

it.

Chloago

A Texas (8ept.'97)

. .

80

.

891. 005)
Leased.— Control ownni.
78,

p.

251

Total system June 30.1903 5,463
Of which earns, kept neparate—
Yazoo A Miss. Yall. KR
1,162

St. L. A- N. 0. KR.
Cairo, HI., to New Orleans. 547
Line to LOOlSVllle, etc.
Total included In earns.
|
614
July 1. 1903
4,301
8. W. A br'ches).. S
(O. O.
Branch Puduoab, Ky., to Cairo, 35 miles, was apened la Aug., 190

Chicago

&

RAILWAY STin'KS AND BONDS.

Oct., L903.

1383

MAP OF TUB

Shocking valley

RAILWAY
.^

lkxea

frpnujnl

'"/,
'

Me?
A/,.,>v

M- ;
1'iiulilliiK

—

„*(&&

j

<->/J

V

"\\r,

""'.,

.

k

.

llnlln*

•'"'/,

l±LUfe1phoi

'

Fl

CreTTiTm?

U
1

i

Mcrevlllc

MIlhTxhur

RIONMiMiison

Wapakoncta

tony

St.Mary«\

*\

A>Mt.GIlcad

'"r^TsfoivFX W\)\/vns

i

//^|i

iBcway

/Ankenytown

-^

Gann

?

Botklns

|,/

-IIttr P'' rM

^^l^.^/f

Vjali.omr/

Mt.VernoV

V.

Belieffritalne

^ulncy

Dresden Jc.

\Troy

\
I

/

\

\

/Manchr»\ir

/

U

i

'Jlorlmnlcsburg

^\

iewark

.

colOm

>'-

iprinafielil
col.

s.

London
JKochboun

{S.Charleston

E>*tf

Kat.in
|

<F

..Tofforsonvllir

LOGAN**
*

E

P

R

"°

fl

Adelj.tii

A^NEW STRAIT

%•;•*

~S

—

m

I

I

t

tLSON VILLI

Ko> rivmoudi
>

Orlaiid

iiLLicoTHiEy'

'

»^-

Creolaff

McArlhurP /
0/?£
"mc Arthur jcJE
''

1

<xO^

iOGi
Junctl'

^

\

^

.V\

M jHRa
'

,'

,y

^i
^Albany

•i

WILLSTOf^y

pfTSBURG-

°'

iBudhtel

\Unlon Kurnac

''(-IllllWli'l

^M:n

s
rt,,n

^£^po ME ROY

l

-

eport

ci

-

BMwe]

,

S T.

v jfllla5

<^'

G A LLI Pp LI SV//^%I;r

j*^

i5^ Hayde^

fSclolovlllc

Olive S
...

j\Y\lKrankln

£1

"Furnace

ex

«

X

Mt. Vernbn
J

I

v-

11

^||\

<s

L

J.I'-

JaLandlim

)))
»

* Buffalo
J
I

Grecnupv;;

^f

1

ASflL

Htl«

'Denton
.* O.Jc.

L'lymouth^
"Wlllard*

o

\

......

itt,

'

flCulbcrtstfn

•

x,

—-AW*

S

Grayion^

v>

PLEASANT

Mill

A Ttil

Xoul»a\V V-

St

*^

Ud«

>y

—

RAILWAY STOCKS AND BONDS.

1384
RAILROADS.

Miles

For explanation of column headings,
on first page of tables.

Illinoit

Date
of

Par

./Vo/u/tf-Prinoi-

Per When Where Parable, and by
Cent.
Payable
Whom.

Stocks— Last

Central— f Concluded )—
Ill
131

1886
A200
1897 $1,000
l.OOO

1881

857

-.00 Ac.

798
218

1892 500 Ac.
1894
1,000
S 1897 500
Ac
,1897 1,000
1897 500 Ac.
1877
1881
1,000
1897
1,000
1889
1,000
1900 l.COOAc
1900
1,000

1,000

Cairo Bridge bonds, sold (see remarks) I's.o'&r
Col. trust. $25,000,000, g., on L. N.O.A T.ln.c'.tr
.

ATerml M.,$10,OO0,000,g. 1 w.xo-.tr
Do $5,<>00.000(8eeV.65,p. 1173),g.,rs.x.c\« ^239
Loulsv. Dlv. A Term. M.. $25.000,0OO,g .Vm .xo'&r 553
567
Chloago 8t. Louis A New Orleans, 2d mortgage..
567
< ("onsol. M. ($18,000,000), gold, Int. guar.e\tr

St. L. Dlv.

567
100
130
98

Memphis

Dlv. 1st M., g.,gu. p. .t 1. (end.). I'k.c"
Omaha Dlv., l«t M., g., $5,000,000 1 *
c*
Lltohtleld Dlv., 1st M.. g. $4,000,000. F

Underlying St. Louis I>ir. if Terminal Ootids.
Louis Alton A T. H.— Stock (not held by IUln
Bellev.ACnrondelet.lHt M.. Belle. to F.C.gold.c
Bellev. A El Dor., 1st M. (I. ('.owns $100,000)o"

St.

ois

Ce
17
51

30
Carbondale A Shawneetown 1st M., gold...o*
17
Falls A Sioux City— See statement of Dub uque
Illinois Southern— lut mort., told, $2,O00,OO0.EC.
89
Indiana Illinois a Iowa- Stock. $6.000,000
203
1st mortgage, gold, $12,000,000, gold.lC....oAr

Iowa

In addition $5,266,000 coneol. 5s are pledged

Illinois Central KB.— (Concluded).
The stockholders voted on Oct. 16, 1901,

tO

r^cv

1883
1880
1886
1887

8iou x City.
1901
1,000

ure

1,000

111

lnols

Ce ntral

to acquire the former
to Evansville, Ind., 244

bridge Is $180,000 In gold annually, of which $30,000 goes to a contingent and sinking fund till 1902, then $20,000 to regular sinking
fund. See adv. in Chronicle, May 7, 1892.
The trust bonds of 1886 are seoured by deposit of $5,266,000 Chicago
St. L. A N. O. consols of '81, and are to be Included in any new mortg.
The collateral trust bonds of 1952 are secured by pledge with the U. 8
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 collateral trust bonds of 1953 are seoured by pledge
of the securities of the Louisv. N. O. A Texas (now Yazoo A Mississippi
Valley RR.), including all the $16,900,000 1st mortgage bonds, except
$68,000, t.11 the $9,104,000 mortgage incomes and all but $96,000 of
the 110,000,000 land grant income bonds. Beeadv.lnGHBOHiOLB, June
11, 1892, and V. 54, p. 964 V. 61, p. 1 12.
For the Chicago St. Louis <£ Sew Orleans the lessee guarantees the
frinoipal and Interest of all the outstanding bonds prior to the 5s of
881, and by an endorsement on the latter bonds guarantees the
payme.it of the interest on the same until the principal Is paid. Of
these consul. 5s $5,260,000 additional to the amount outstanding above
are pleged as security for the 111. Central trust bonds of 1886. The 3>«8
of 1897 areguar,, p. a I., by endorsement— see guaranty, V. 65, p. 1071.
The Western Linei loan of 1894 is for $10,000,000, but $4,575,000
bonds can be Issued only when the road from Iowa Falls to Sioux City,
184 miles, now subject to $2,800,000 of Iowa Falls A Sioux City bonds
(aee Dubuque A Sioux City Kit.) due in 1917, shall be transferred to
the trustee without encumbrance. See St iii.kmknt of Jan., 1899.
The St. Louis Dirtaion <f Terminal bonds are for $15,000,000
authorized, of which $5,000,000 are three per cents; $3,500,000
were issuable for Improvements, equipment, etc., and $1 ,499,000 are
held to retire $l,loo,ooo underlying bonds still outstanding on the St.
Louis Alton A T. II. system; sec table above. See al.sliiiel of mort
V. 68, p.
188. see also v. 66, p. 188: V. 71, p. 546.
|
Louisville Division <( Terminal mort. is for $25,000,000; of the bonds
are reserved to purchase the 46 miles (Cecilia branch) from
$1,112,000
Louisville A Nashville and to retire the L. A N. bonds thereon; $2,500.000 for new additions OT extensions. Chicago 8t Louis A New
Orleans took title to the Louisville Division and loins m making mortgage. See V. 66, p. 136. for abstract; alsoSupp.of Jan.. 1888
V
id; V. 86, p. 133; V. 67 p. 681: V. 76, p. 671.
The Omaha Division mortgage covers the former Ft. Dodge A Omaha
RK..Tar» to Council Bluffs, [a., 131 miles. V. 71, p
of thi
O Lltohtleld Division bonds, $1,000,000 were reserved
;

V. 71

,

p.

5 17,

(',

16.

- i5,040,1808 the stock was In.
000.
graph headed "Carltal stock" ai
Daring 1903-4 the remainder <-h miles) of the train line
eans and Chicago win bo double tracked. 7.78 p i-

In

i

i

ii

I

Eakms'.s. 2 mos.,
July 1 to Aug :u. (1808

•:,,

n

Gross,

6,749,239;

net,
net,

$1,781,884
1,4

Annual Kkpokt.— Fiscal year end-* June 80. Annual meeting
at Chicago the third Wednesday In October. Report for 1902
published at length In V. 77
The following does not Include Yazoo

A

London, Baring Bros.
York, 214 B'dway.
do
do
A.
O.
do
do
J.
D.
do
do
M.
N.
do
do
F.
A.
do
do
do
J.
J.
do
J.
do
J.
do
J.
J.
do
do
D.
J.
do
do
J/fAD/j
do
do
J/jAD/j
do
do
do
J. A D.
do
F. A A.
do
do
J. A J.
do
do
F.

4g.
4

g.

4g.
4g.
3»ag.

3

g.

3»«g.
6
5

g.

3»*g.

4
3
3

g.
g.
g.

2i*

A
A
A
A
A
A
&
A

J.

6

J.
J.

g.

7

4g. M.
4

g.

M.

1,025,000
4 g- A.
5,000,000 4 In 1903 J.
4,850,000
4 g. J.

100
1900

1885. '86. '87. *88. '89. '90. '91 to '99. 1900. '01. '02. 1903.

km liMMi-,

5

A

Com. stk. J 8 p.o. 7*3 7
7 5^ 6
5 y'rly.
6
6
6
5»s
Bonds.— Main Line $15,000,000 mortgage of 1874 covers property
described In V. 63, p. 76. The $3,100,000 first mortgage sterling 5s,
whloh matured April 1, 1903, were refunded into 3hB, the latter
retaining their first mortgage lien on the main line
V. 76, p. 654.
Cairo bridge bonds are secured by deposit of a like amount of Chicago
St. Louis A New Orleans 1st M. Cairo Bridge 5s.
The rental for ihe

for Improvements, etc.

A
A
A
A
A
A
A
A
A
A
A

3>« g. J.
3>sg. J.

80,000
470,000
88,000
538,000
241,000

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

;

)

$5,266,000
2,000,000
968,000
15,000,000
3,000.000
25,000,000
5,425,000
8.377,000
4,907,525
21,788,000
80,000
all,289,000
1,359,000
3,500,000
5,000.000
3,148,000

100

ntral).

Peoria Decatur A Kvansville By., I'eorla, 111.,
miles, previously operated by IlllnoisCent. as agent, with 6-miie branch,
the cost to be represented by a new bond Issue. V. 73, p. 391, 665.
In Jan., 1902, obtained control of the Omaha B. & Terminal Ry.
V. 74. p. 151. In Feb., 1902, purchased the Cecilia branch, 46 miles,
formerly leased. V. 74, p. 326.
History, Leases, Ac— Chartered In December, 1850. The company
pays to the State of Illinois 7 per cent (in 1903 $1,026,650) of gross
of the 706 miles owned In fee yearly in lieu of taxes. The Chicago St. L.
A N. O. Is leased for 400 years from July 1,1882, at 4per cent per an iiiim
on Its $10,000,000 stook deposited to secure the leased line stork. The
stockholders of St. Louis Alton A Terre Haute and other subsidiary
companies were to vote on Oct. 13, 1903, to sell the roads to the Illinois Central RR. V. 77, p. 401, 838.
Capital Stock. —The leased line stock is secured by deposit of
10,000,000 Chicago St. Louis At New Orleans stook, and in oase of
Sefault for sixty days on any semi-annual dividend of 2 per oent, the
stockholder Is entitled to his share of the stock pledged. (V. 65, p. 1071.)
Early in 1901 the stock was increased from $60,000,000 to $66,000,000, in Nov., 1901, to $79,200,000, and In Aug., 1902, was further increased to $95,010,000. to provide additional equipment and faciliSee V.71,p 1066; V. 72, p. 241, 282; V. 73, p. 82. 138, 666; V.
ties.
74, p. 1308 V. 75, p. 77, 498. The new stock was subscribed for at par
pro rata by shareholders of record. Of the stock, over a majority is
now held in America, $8,000,000 being owned bv the Railroad Securities Co. See page 118 of this Supplement. V. 71, p. 698, 779.
DIVT8.

Amount

Outstanding
Road. Bonds Value.

Trust bonds sterl. (sec. by Ch. 8t.L.AN.O.oon« I «
1st M.,Sp.I)lv. ret in., (V.66. p. 1237) g.Cn.xo'Ar
1st M., Middle Dlv., Otto to Norman June. Abrs.r

a

INTEREST OR DIVIDENDS.

Size, or

of

Ae., Bee note*

I*

held

<

editorial, p. 800.

Mississippi Valley.

[Vol. lxxvil

collate ral trust

J.
J.

New

A.

do
do
do
do
do

J.

D.
J.
8.
8.

do
do
do
do
do

pal.whenDue.
Dividends.

1950
1951
1921
Apr.
1952
Deo.
1950
Nov.
1958
Aim.
1951
July
1951
July
1951
July
1953
Deo.
1907
June 15, 1951
June 15, 1951
Deo. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
July
Jan.

Aug.

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

July/03, li«%
June 1, 1928
July 1, 1910
Sept 1, 1931
Meli. 1, 1938

0. Equitable Tr. Do.,Chlo. Oct. 1. 1951
J. Treas Gr Cent. StaCn. July 1,'03,2%
.

do

J.

bonds

do

July

1,

1950

of 1886.

Tear ending June 30—
1903.
Miles operated
4,301
Passenger earnings
$8,977,228
Frelgnt earnings
30,592,094
Mall, express A miscellaneous.
5,61^,751
Total earnings
$45,186,077
Operating expenses
Net earnings
Net reo'pts from interest, Ac.
Miscellaneous

.

Total reoeipts

Deduct —

.

190 J.
1901.
4,284
4,265
$8,020,649
$7,327,742
27,710,782
24,876,339
5,089,599
4,696,379
840,821,030 $36,900,460
31,697,956
28,014,340
25,841,792
$13,488,121 $12,806,690 $11,058,668
3,445,318
3,535,109
2.476,575
15,^30
28,608
16.679
$16,949,269 $16,35S,496 $13,563,851

on 111. Central b'ds. .. . $2,9?9,740
$3,015,365
$2,930,925
Int.onChi.St.L.AN.O.b'ds....
2,416,653
2,413,251
2,421,090
Rental Dub. A 8ioux C. RR
96,3ttt>
505,161
533,913
Net rental St. L. A. AT. H.. ..
507,525
507,525
507,525
*452,738
Miscellaneous
199,593
126,732
Divid'ds on Ill.Central stock. .(6i5,702. 400 (6)4,752,000 (6)3,780,000
Balance, surplus
$5,0
$5,038,462 i;$2,937,660
•Includes $250,000 pension fund, $145,238 rent of Peoria dlv. etc.
IT Includes $4,881,253 betterments In 1902-3 (against $4,340,172 in
1901-2), and $654,329 accrued Interest on bonds payable after July 1.
Yazoo A Mississippi Valley.— Results on 1,162 miles in 1902 3;
1,095 miles in 1901-2. See report at length, V. 77, p. 691, 712
edit..
p. 667. In Jan., 1903, $569,574 was paldfor back taxes. V. 77, p. 713
Feat
Gross.
Other inc. Interest, etc.
Xet.
Bal., tur.
1902-03. ...$7,330,085 $1,656,925 $39,792 $1,136,111
$560,606
1901-02.... 6,587,355
1,882,419
47,752
1,064,417
865,754
Surplus in 1901-02 as above, $865,754, all paid Sept. 1, 1902, to DL
Cent, as owner of entire $9,104,000 Loulsv. New Orl. A Tex. 2d mort.
income bonds on aocount of arrears of Interest ($4,685,235) on July
1, 1903; $1,016,079 paid from earnings of 1900-01.
Officers.— President, 8tuyvesant Fish; Treas., E. T. H. Gibson; 3d
Vloe Pres. and 8ec. A. G. Haokstaff. 214 Broadway, N. Y.
Directors.— Wallber Luttgen, John W. Auchlncloss, J. T. Haraban Charles M.
Beach, Cornelius Vanderbdt. Stuyvesant Ki.-h, Kdwurd II. Ilarrman. John
Jacob Astor, Charles A. Peabody, Jobn 0. Welling, W. Merlon Grinned, K. W.
Goelet, and ex officio, Hon. Richard Yates. Gov. of Illinois.
- (V. 76, p. 752; V. 77, p. 1 44, 146, 401, 510, 820, 838, 1225.)
Interest

;

Illinois southern Ry.-Owns Chester 111., to Salem, 111., 84 m.,
and8parta to Rosborough, 5 m.; Little Rock Landing to Bismarck, 43
miles, completed Auk., 1903; trackage, Centralia to Branch Jet.. 3 m.;
total, 135 m. Successor June 1, 1900, of the Centralia A Chester
RR., foreclosed. V. 70, p. 1048; V. 71, p 29. Mock authorized, *5.000,000, including $1,000,000 6 p. c. cumulative preferred. The stockholders were to vote on Oot. 15, 1903, on authorizing a mortgage to
secure $5,000,000 50 year 4 p. o. bonds to pay for the Southern Missouri Ry., 43 miles, and provide for extensions, Improvements and
fund the outstanding debt. V. 77, p 151.
Year ending June 30. 1903, $148,823 For year ending June 30,
1902, gTOss. $135,133: net, $28,409; int. and taxes, 838.141; bal.def.,
$9,732. President, J. W. Walsh; Treasurer. A. F. Williams; Sec. and
Auditor, C. F. Welnland, 204 Dearborn St., Chicago, 111.- (V. 75, p. 549;
V. 77, p. 451.)

Indiana Decatur

Indiana Illinois
to Seatonville,

111.,

extern

\t

A-

In Cincinnati Indianapolis

Ry.— Merged

A Western RR.— V.

A Iowa

1902

in August,
75, p. 239.

lilt.— Owns from South Bend, Ind.,

192 miles, with branches, 12 miles; trackage Seaton-

50years from Feb. 23, 1900, the8t
Joseph South Bend A Southern RK., South Bend, Ind., to St. Joseph,
Mich., 39 miles; total, 251 miles. The Lake Shore & Michigan Southern
Ry. in Oct., 1808, owned $4,861,500 of the $5,000,000 stook. V. 78,
ville to Zearlng, 8 miles; leased for

p.

1356; V. 74,

p. 41.

Diviuknds. — Oct., "119, to Jan., 1902, Inclusive. 1 p. e. quarterly;
July (semi-annual I. 2 p. c 1903. 4 p. c. (J & J
Bona.- Of the $12,000,00 lst4sof 1901, $7,500,000 werolssuable
only for new property ami Improvements; or these, $ :<50,000 were
Issued in 1902 for new equipment, side tracks, etc. V. 71, p, 1299; V.
1

;

)

>

72, V

B7, 722; V. 71. p. 1861.

Earniwos.— 2 months,

1903
Cross, J
net, $31,282
to Aug. 31.
...Cross, 261,707; net.
(1802
under obargea, 84,386, against but 826,6 >v in 1902.
Earnings. Bepori For/ear end June 80, 1802, waala v. 75, p. 1198.
in 1902 OS. gross, $1,742,948; net, Dterest, taxes, rentals.
July

)

1

I

Deficit

.

8271,780; dividends
133.

KX)j balance, surplus for year. *68.(4 p
In 1901-2, gross, $1,7(K),M7; Bet» 8476,399.— (V. 7:.. p. 1198.)

liidlHiiHpoIlM Southern It It.— Prelected from Indianapolis.
Ind. south via BlOOmlngtOn, through coal Iron aid stone lands, to
,v Torre Haute, 1 10 miles, with brai
n let. tin llrst section from Indianapolis
JO mlh
to Bloomtngton, 68 miles, to be competed in the summer of 1904.
Bonds, see table
V. 77, p. 610. stock. $•;, mid (Mm. ail of one kind.
ai>o\e.
President, David M Parry; Secretary ami Treasurer, W. E.

Hulllvan on the Kvansville
•

Otfl of Indianapolis.— (V. 77, p. 510).
It).—Owns 8 miles of track, 93 Of a mile
India iiHpolln
of road, with terminals at Indianapolis, Ind. and leases for 999 years
the Belt RR. of Indianapolis - r_"u miles (which -•
'

Union

I

RAILWAY STOCKS AND BONDS.

Oct., 1903.]

1385

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F

OF THE

ILLINOIS CENTRAL

SYSTEM.

.

RAILWAY stocks AND BONDS.

L386

m

Indianapolis tout hern - 1st M., $S,000,000,g. I
JndwiHa/>o<u r7n.— 1st M., g., b. f. not callable.
93
Indianapolis d Vmrcnnes—lBt M., gu. p. A l.(end.)c.
133
Interborough Rapid Transit—Stock, $35,000,000.
tnlematvnial it Ureal Northern let uuort., gold
1.007
2d mortgage, gold. F
c 1,<)07
8d M. ($3,000,000) (form Ty Inc.), g.lncl.scripITIe.e- 1,007
Colorado Bridge bonds, sinking fund F
Interoeeanir Ry. of Mexico— Ord. she., 41,700,000.
Preferred shares, 7 per cent, com., £1,000,000
Pr. lien deb., sub), to call at par aft. Moh. l "97
....
Four p. c. deb. stock, sub. call, par, £1,150,000.
....
Deb. stock, 7% "B," subj. to calf. 120, noncum..
Second deb. stock, red. at 105 after 1911, tert
Mex.E.deb.stk.,*450.OO0.guar.,red. 10a beg.'14
lO%oa Cent.—Common stock, $11,000,000 auth
Preferred stock, $7,400,000, p. c, nou-oum...
IstM. for $7,650,000. g.(abstr.,v.4;», p..*>>'»,.Me.
503
Refund'g M., $25,000,000, g See text .Mo. .c\tr 541
Jacksonville <i tit. Ltm is— Stock Trust Certificates
Jacksonv. Southeast. 1st M., Jack to Litchfield..
54
1st consol. mortgage, $650,000, gold
..F»-Po*
112
Income M, gold, non-emu., $1, 650,000. .P«P
112
Jacksonville Ter.— 1st M., $500,000, g.. go IMp..C*
21
Jamestown Chaut. <t L. £.'.— 1st M.,$7.r>0.oO0 < o.c."
41
Jefferson— lf>\ A 2dMe,ext. In '87A'89 (H'daleBr.)c
8

1903
1886 $1,000
1867
1,000
...
100
1879 .MX) Ac.
1881 500 Ac.
1892 500 Ac
1880
1,000

FPc

—

.

£10
£10
£50 AC.

....
....

.

1st

M.Carbondale to 8. depot, g., gu. p. A l.FF.o*
<* Northern Indiana— 1st M. gu. p. 41. M. Co

Junction (Philadelphia)— 1st m.,guar. p.Al.(ext'd).
General mortgage, gold, coupon, $750,000
Manawd J/wA.-ist M $15,000 p.m. g.gn. p.&i.Cc.c-

66

£100
£100
100
100

!">

Joiiet

i

1888
1901

1.0O0
1.0O0

100

1880
1 996
B86
1894
1901
1867
1889
1877
1882
1900
1890

1,000

l

37
45

362
362
164

1,000
1.OO0
1,000
1,000
1.OO0
1,000
1,000
1.000

Formed in 1850 and nirnisnes terminal facilities to the several
railroads entering Indianapolis. Oi-iTAi^The Cleveland Cincinnati
Chicago A St. Louis, the Pittsburg Cincinnati Chicago A 8t. Louis and
the Terre Haute A Indianapolis are virtual proprietors, they having InTested in it $861,817 to June 30, 1902. No stock outstanding.
Earnings 1901-02, gross, $660,207; net, $161,147; other Income,
$12,843; charges, $99,132; balance, surplus, $75,858.

ndlniwi poll* A Vlncennes Kit.—Owns from Indianapolis, Ind.
to VincenneB. 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Securities.— Stock, $1,402,000; par, $50; of which Pennsylvania
Company on Jan. 1, 1903, owned $1,401,900. The *1 ,400,000 guaranteed 2d 6s were purchased by Penn. RR. V. 72, p. 490.
Net.
Interest, etc.
Balance.
Trend. Decji: Gross.
1902
$83,514
$201,564
def. $118,050
$770,214
I

1901

—(V.

163,000

123,245

709,434

def.

44,755

70. p. 739.)

Thorough Ilapld Transit Co.— Incorporated on May 6,
I it
1902. in New York, and acquired the stock of the Rapid Transit SubConstruction Co. Will operate tfte rapid transit tunnel raU
road in New York City. This road Is expected to be operated in March,
1904, as a four-track line from the City Hall (with the two track
loop at that point), under new Kim St., Fourth and Park avenues, to
42d St., thence under 42d St. and Broadway to i03d St.; also as twotrack lines, partly viaduct, (a) from 103d St., on the West Side, to
Klngsbridge Station, (b) from 103d St. to the East Sldeand Bronx Park:
extension south from City Hall under Broadway to the Battery and
under the East River via Fulton
Flatbush avenues to Atlantic
Avenue, Brooklyn, there connecting with the Long Island RR., Is
under con truction, to be completed by 1906; total to be about ti">
miles of track on 25 miles of road. Pending completion of the power
house, power will be purchased from the Metrop. ft. Ry. V 77,
827.
Leases Manhattan Ry. for 999 years from Apr. 1.1903. See that co.
Contracts.— Contract with city calls for tbe construction of the
road from City Hall north ior $35,000,000 and its lease to the company for 50 years from completion, renewable for another 25
rears, the rental to be equal to the Interest on the city's bonds issued
for construction (but not for ea-ements, etc.) and a sinking fund of
1 p. c. yearly to retire the bonds, beginning 5 years after the road it
placed In operation, provided not less than 5 p. c per annum is then
i <

way

&

i

.

earned on he stock. The company must also at It own expense pro
vide the eleolrical equipment, contracts for which will aggregate
For contract see V 69, p. 10*3 The extensj. n from City
$1 6.000.000
Hall, Manhattan, to Brooklyn, Is to be built without aid from city except about $3,000,000, and leased for 35 years with pi tvilege of renewal for 25 years. V. 75. p. 30, 184, 1096, 1202 See V. 76, p. 101.
Stock. -Stock aut., $35,000,000; par of shares, $100. V. 75, p 1301
Voting Tktst —The stock Is neld in a voting trust for 5 years from
May 12, 1902, E. Mora Davison, B. Hamburger and Charles B. Lud
low being the voting trustees.
Earnings.— E-tlmated yearly earnings from operations of tunnel
road at the outstat a r e, gross, $7,fSOO,000: let, $1,125,000; Interest on
N. Y. City bonds, $1,295,000; bal Mir.. $2,»3O.0oo, or over 8 p. c. on
the stock
Balance sheet <>r June 30, 1903, V. 77, p. 398.
DtHSOTOBS.— William H. Baldwin Jr.. Morton F. Plant. August
Belmoi t, Andrew Frecdiuan, James Jourdan. I. B. McDonald,
<;.
Oakman, John Peine, (ieo. W. Young. Win. A. Read, Cornelius Vander
bill. New York; E. P. Bryan, Bound Brook, N.J, and Uardluer M. Laue,
Boston.
President August Belmont; Vice President. E P Brvan: Secretary,
vacant; Treasurer lohn I'. Buck
Offices, B I'.tik Row Bldg., Western Union Bldg. and zj Nassau St., N. Y. lV. 76, p. 593, 703; V. 77,
i

#

,

W

p. 298,

898, 769,

Milt.)

A

KR,

tircat Northern
International
(See Map Missouri Paci/lr).— I, onj view on Tex.
l'ac. (near Shreveport, La.,) southwesterly
to Houston and (lalveston, also to Laredo, Tex., on Mex. National RR.
and from Spring northerly to Ft Worth.

Lines

owned—

A

Miles.

Longvlew, Tex., to Laredo, .. .i;i i
Palestine M Houston, Tex
150
Mlneola, Columbia, etc.,
branches
102
Fort Worth to Spring
NaviAsota to Madisom

J

I

trackage—
Houston

>int

(iiilreston

|

I

|

dolntly with M. K.

Other

A
AT)

lines

Miles

50
26

i

|

'

,

I

;

1 n .1 u'y.
'.n>'J, eqaiprate reverts to (! p c. as formerly. V. 78. p. 41".
meni lease w in. nits, tiuiud int. $308. 94h, payable monthly to 1906.
EAEJUXoe, I. in. 1 to Sept. M>, gross, t3. -•''. n - In 19U»; In 1902,
Ki poll for the year emlli g DeC 81 w
In V. 7(1, p 650.
83, 52*.^'"
1

.

M

5

w hen

"

Payab

F.

do
M.

5
4

J.

A

8,521,900
5,674,500 lis In '00
7,64-^,000
5 g2.000.000
4g
1,500,000
300.000
6
350.000
5 g1,582,000
4
500,000
5 g.
600.000
4 g300,000 4»s A 6
2,800,000
5 g800,000
7
4»«
425,000
300.000
3** g.
4 K2,468,000

15

15

London.

A

J.

A

M.

A
J.

J.
J.
J.

A.

Moh. 31, 1918
Sept. 15. 1950
Sept. 15. 1950
Jan.

1,

1984

N. Y. office. 25 Broad St. Mar. 1,'OO.lif
D. N. Y., Mercantile Tr. Co. June 1, 1938

Mar.
Oct.
Jan.

J.
None paid.
J. N.Y., Guaranty Tr. Co.
J. N. Y., Contln. Trust Co.
J. Phlla., Fidelity Tr. Co.

O.
J.

O.
O.

1,

1951

1910
1925
1935
July
1939
Jan.
1951
1927
July
N.Y., Erie RR.
1909
Jan.
N. Y.,Fann. L. ATr.Oo. July 10, 1907
Phlla., Brted St. Sta.
July 1, 1907
do
do
Apr. 1, 1930
N. Y., Central Tr. Co.
Apr. 1, 1990
July

See text.
O. Phlla., Penn. Co. for Ins.
J.

A
A
A

A.
A.

1,

8.

J.10AJ.
J.

1918
1908
1921
1920

May

J.

8.

A
A
A
A
A
A
A

J.

1,"

1950

A

M.

1926
1908

Sept. 1,
Sept. 1,

London.

JAD

1,
1,

Nov."

do

See remarks.
N. N.Y., office, 195 B'way.

A
MAS

£469.459 ST^ln'OO
£1.150,000
4>fl
£400,000
5

Feb.

Bway.

N.Y., office, 195

g.

J*

May

Phlla., Fidelity Trust.
N. Y., Farm. L. A Tr. Co.

None.
6 g.
5

Due.

Dividend.

1953

M

7

£400,000

Whom.

e

J.

ft.

*l*K.

$940,000

i

pal. When

Where Payable, and by Stocks— Last

1,
1,
1,
1,
1,
1,
1,

Balance.
Gross.
Net.
Other inc.
Charges.
1902
$5,248,913 $1,393,988 $10,092 "$1,379,569 sur. $11,511
*1,221.249 sur. 118.148
1901.
5,148,092
1,327,438
11.956
* Charges In 1902 above Include about $101,471 for new equipment
In 1901. $85,130 (V. 75, p. 981. 1354; V. 76. p. 480, 6 >9, 654, 1030.)
I lite rocea nle It >
of ITIeXlco, l.lm.-Nf page 1490.
Iowa Central Ry.— (See Map)— Operates Peoria, 111., west to Oska'oosa. la., thence northerly to Albert I.**, Minn., forming a through
line via Minn. A St. Louis RR from Peoria. 111., to St. Paul, Minn.
Lease*— (stock oicnrd.)
Owns—
Mites.
Mile*.
Iowa June, HI., to Manly Jc,
la. C & W.,Belmond to Algona. 37
Iowa
340 Trark, Iowa Junct'n to Peoria. 3
Branches to Bel mond, etc
151 Manly Jet.. la., to Albert Lea,
Minn, (owned joiLtly)
14
Total In earnings Jnly 1, 1902
558
H18TORT.— Reorganization (by plan in V. 44, p. 653) of the Central,
'owa sold in foreclosure in 1887-88. In June, 1900, Minneapolis A 8t.
Louis Interests obtal Led control through purohaseof the common stock;
the two properties are operated in close connection. V. 70, p. 1249.
Capital Stock.— The preferred is entitled to 5 per oent (non-cumulative), then common to 5, then both share pro rata.
(V. 62, p. 548.)
Dividends.—On preferred stook in 1892 1 p. c; in 1899, 3 p. c; in
1900. 1 »s p. c, none since. V. 71, p 258, 342.
Bonds.—The refunding 4* of 1901 are secured by a mortgage on the
entire property now o wned or hereafter acquired, subject to the $7,e'50.000 first 5s, for which an equal amount is reserve i. In D 01
$2,000,000 were Issued to retire the $555,"00 'owa Ontral A Western
5s and the $591,000 Kelthsb-rg Bridge 6s it h latter called for payment on Deo. 1, 1901,) and for Improvements and equipment. The
balance are issuable for future extensions at not exceeding $25,000
per mile, improvements, equipment. V. 73, p. 901
Gross, *;>97, 374; net. $73,629
Earnings.— 2 months, > 1903
July 1 to Aug. 31.
Gross, 409.996; net. 64,903
$190;
Annual Report —Fiscal year ends June 30; report for 1901-02 wee
m V. 75, p. 1198, 1206. Soft coal tonnage In year 1901-02 was 7*0.443
(42 p. o. of total tonnage). Ton-mile rate in 1901-O2 was
663 cent*,
against 0709 cents in 1900-01; train-load 1901-02 218 tons.
1902
1900.
fear ending June 30.
1903
D* 1
510
Miles oper. June 30
558
506
$2,405,543 $2,54:Cd50 12,2*4.128 $2,325,919
:>ro88 earnings
438,5.">3
437.549
887.M4
551,459
earnings (over taxes)
«et
t\)t. net rec'ts (inol. rents)
506.929
438.757
566.780
390,806
504.014
431,709
Iiterest, rentals, Ac
(3)170.024
..
..
Dividends on preferred.
Tear.

.

•

$2,915

Balance, surplus

•Adding

profit

»7.049

$5,950

on Iowa Central % Western stocks and bonds

in

excess of cost ($201,623) rashes surplus for year 8304J138.
President (July, 1902), Edwin Hawley.— (V. 77, p t>28
low n a vi. Louis
Acquired in March. 1903, by the Chicago
Burlington & Quincy RR. (V. 7t>, p. 65 i, 752.)
Jacksonville A t. Louis Ry.— In June 1902, the Chicago Burlington A Qujncy acquired practically all securities.- (V. 74, p. 1308.)
Jacksonville A ><>n lit %ve>tern RR. Jacksonville to Newberry
Fla., 88 miles, operated July, 1900; extension, Newberry to Manatee
Springs, Suwanee River, 20 miles, under construction Jan., 1903.
V. 69, p. 80. Bonds reported to be outstanding. $300,000 first and
$200,000 second 6s. due Julyl, 191 1. Michigan Trust Co of Grand
Haplds, Mich., Trustee. In July, 1903. change ««f control took place.
V. 77, p. 89
Year ending June 30, 1901 186 mltesi, gross, $146,736
Chase, Oaliie-vllle. Fla.; Seo. and Gen.
net, $37,086. President, C.
Mgr K. S. Spencer, Jacksonville, Fla.-(V. 77, p. 89).
Jacksonville Terminal Ry. Owns union passenger depot
(the latter opened Feb. 1 1895,] and terminal propeities a' Jacksonville, Fla.. Including 20 miles of track, used by A tUnt i,> Coast Line
I!K., Seaboard Air Line. Jacksonville St Augus'lneA Indian River
(now Florida Fast Coast Ry.) and Sout'ern K « inch companies guara tee by endorsement the principal ami Interest of abovi bonds, and
own the entire stock. Georgia Southern A- Florida \{\ also uses de|K>t.
V.71.P.186. For jear 1801-08, gross, 8112.668; net, $10,375; other
Income. $29. 813 deductions, $34,621. (V. 71, p. 135.)
>

RR.—

—

W

;

,

—

,

.

nen.

861
lllc
Total system Oct.. 1903
47
1,130
.-anlzed without foreclosure In 1892 under plan
Okoaniza
In V. 54, p. 203, 366. Stock authorized Is $25,000,000; outstanding,
controlled In interest of Mo |> H o.
1,
?9,755,000; par, $100; A Br.i/o- V By.. In operation from On May to
901, the Calvert Waco
Marlln
Bryan, 66 miles, was merged, and whs extended m 1901-02 from Marlln north to Ft Worth and from Bn an south to Sprint', 22 miles north
of Hou-ton, uiHklng through line Houston to I't. Worth 'Js(i miles
V.
72, p 872. As to prelected extensions to New Orleans, etc, si e \ '. 78,
\
78 p 180 V 7I,i> lo.'l-ior the-e, I. ranch from Navasota
to Madlsonville, 47 miles, was completed In Ocl
1908.
BOMM
be irroiul nn/rlgagr Interest, scaled to 1 ig per cent, until and
but In case of default the
Including Sept. 1, 1 H!»7, Is now f> per cent
.

P61

^^

•698380
it

<•

*****

See text.
1,700.000
See text.
10,742.000
9,842.000
2,721,052
198.000
£1,700,000
£1.000.000

bonds— rTinoi-

INTEREST OR DIVIDKND8

RAILROADS.

Miles Date Size, or
of
Par nnt«t»n,iin B
of
For explanation of column bladings, Ac, see notes
tstanoing
on first page of tables.
Road. Bonds Value.

VOJU LXXVII.

Jamestown

Cliau tanqtia

A Lake

Ry.—Jamestown,

Irle

N. Y., to Chautaui|iia, 26^ miles; brench to Falconer. 8*$ miles;
completed in June,
extension, Mayvllle to Westtteld. 11 tulles,
1902; total. 41 miles. Incorporated In Sept.. 1900. and purchased
the stock and about O.") per cent of the $'2.">0.000 bonds (5sl of the
Jamestown A Ohaatanqna Ry. and entire stock of hautauqua Steairbo.it
o operating ii stea era on Chautauqua Lake, stock. $<>oo.ooo,
all common.
For year ending June SO, 1902 railroad earnings were:
gross, $(>!>, H41 against $6o,7.-<0 hi I'.ioi: net 817,046 aglnst 816,188]
charg. s. $.1,307. bal., sur., $i3,679. I'res. F L. Cha e. (V. :6, p. 212.)

WM

i

<

m

.

Jellerson
miles

RR.—Owns

double track;

Lanesboro, Pa., to Carbondale, Pa., 37
branch. Hawley, Pa., to Honesdale. Pa., 8
Frie
Co. for $140,000 per

,ea*ed In perpetuity to the

miles.

I

annum

for

main Hue and $14,940

RR

branch Used by Delaware A Hudowned by Erie RR.
Jollrt A Northern Indiana RR.—Owns Jollet. 111., to Lake
Station, Ind., 45 miles. Operated as part of the Mlohlgan Central syason to reach Carbondale.

for

Stock. $2,095,450; all

I

.

RAILWAY STOCKS AND BONDS.

Oct.. L003.I

L387

Inn M'J

ma

i

< >

-

i

m

i

IOWA CENTRAL
RAD WAY

(ON NIX Tl"

A

Cllnl
Jlllllll

V

\'ln>'|iiii

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savanna
Polo

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„.

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CHI

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IP

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>>

moraviaI
;inrl/lu

V

.

Mt.Ajr

*

VVoV ^V"

Julias

P£Q.

LX
1

l>UI

III

Buslin.jJ

Cannae

*/ \\x.\

V
.

Ruahrlil.
1 V.

I

OalutmV^*"

.JOSEPH

„ AW

.

>]

'

.

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.

!

'luci'iii/^r

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I

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mo.

I

Tlplon

FFERSON CITY,

Q:>a\>
I

ycrsfjVVj,

w
lumbln.

C/».

|Xia>uj

•

°3c

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SCCtiarli;

—/^

"*

/

Taylor

V.V

|

I

i:jss

RAILWAY stocks AND BONDS.
[Vol. lwvii.

M
Oct.,

RAILWAY STOCKS AND BONDS.

903.

i

KAII.K'MH-

irlncl

MVIJ.

>K

miflt Date Size, or
Amount
I'.ir
When Where Payable, and b)
..r
of
Fay a
For explanation of column headings, Ac, see notes
Outstanding Rate per Fay
Cent
t
able
Who
Road. Bonds Value.
on,
on first page of tables.

Km.

Oiti/ Ulin. <t S/,r:
.V l>e Soto 1-

Pleasant Hill
K.

it B

.

Mem KK

A

§.,

guar
e,

M

1-t

.

Ml
II
'Ml
'

gold >

at,, I ri Sr,,ti ,f Mmmp hU Ity.—
>i
c'Ar..
Ref. M., $«0,00>.000, g„ gu.p*
1|\'. BOITM
I'M.
('. F. I
gr.s. t, dr'n at 110 e*
K.
I'd.
o*
l-t M.,dr'wu at 105.
Ft
tern d M

Kunann

.

1.

1886
1885
1877

10
174

Kin.O.Belt— lst(9534,OO0gu. K.C.F.B.4M.I.NB.C

1

Kansas A Missouri KK

160
103
50
26
719

""

mortgage

K C F 8 ,x M KK eon. M ($25,000 p .m iNB.C
Current Btv ri; Lit m. 930.000 p. m., (mar. m*
Kan. C.A M B'j A IIMttr lst.M.g.,* f ,'lr'n at 110.C
Kansas Equip. Co LitM guar., s. f., red. at 110.
Ft Bootl Equip Oo l-t M .al .it Ml
Kq Hi. .. l-t M..gu *l,000.0do, callat par

1882
389
iss7
]

,

oh
OB

i

.

iOO.OOO.eur
o*
tee text. OB. o"
inc., nun nun To best amp *d
l'u p .vt.end
Blrin. Bell 1st M,,*., red MJ
o*

k

.

Me

,,

|

Bit

•.

Memphis Bqolpment
Ji.-n

City Mex.

Oo.,

Orient

«f

81
3

lH-.t
iss;»

1899

,

,

1

(du.,

si

M.

—

110
822.500

red. at

g..

2,151,600

7
7
7
5

1879 100 Ao
ls*o
1,000
l.OOO
1884

»••

1st

g.

I

1901 l.OOOic

.

Memphis B *Ool LstM

4

500
1,000

85

I

1

2,000,000

g.
g.
8.

14,099,000

1,000

•767

1,000
l.OOO
1,000
1.000
l.OOO
1.000
1,000

a571.0OO
390.000
yl3.736.000

«

16

p. in..
.0,000, g.

11»03

123,780
l.o.M),0O0

d 1*9,000
(1)

i.obo

moo

3.323.390
i

1,000

.500,000
3O.O09.000
21.000,000
29,99J,5O0
1

May

,

do
do
do

V

^. Y.,

A
A

A.
A.
J.

Mere.Tr,
0,

do
do
do
do

N.

1,

1936

1,

1908
1910
1910
1922
1928
1927
1929
1905
1909

1,
1

<v

.

l.

Co
old Col Tr. Co
do
do

1.
1.
..

July

1928

1,

l.

Hept

ler Ti

.v

M.
M.

do
do
do

Boston, Old Colony Tr.

A
A
A

J.

5
4
5

830. OOO

1916

1907

A O N Y Mercaiitil.Tr. Co OoL
A
Boston, Old Colony Tr. June

A.

6

fauait'i'v goutAsru—Stoelt, com., *30. 000,000

Kr«r. stock. 4 per .cut. doo earn., $21,000.000...
Me.-C
1st mortgage, gold, 30.000.0u0

do
do
M. I»uls, Mo.

M

9

1,

Boston. Old Colony Tr

J.

5
5
5

-Last
Dividend.

July

J.

6

b3,000,000
7*1.000

1900
1894 =>00 Ac
1894 500 Ac,
1902
1890
1,000
1900

28*
285

A

6
5
7
6

$2,050,000
3,192,000

fl.OOO

When Due.

pal,
fsedfcs

1,

1

OO

do
1934
1.
do
MOO 1. 1934
New Y"rk
4 !•
Oct l, 1921
F. A A Boston, Old Col. Tr. Co. Aug. 1. 1905
6
See text. J. A J
1950
4 g. A. A O.i
New York.
Apr. 1, 1953
i To be h eld in voting trust for 5 years.
3 g. A. A 0. N. Y„ Merc. Trust Co. Apr. 1, 1950
B.

Includes (a) +.-.60.000. <b) $154,000. (r) 9200,00 0, (d) *69,000, held a live in slnki ng fund
r In. id es $2,00 0.000 assumed by K. 0. CI.
V. 7 4. p. 829
.re fixed-Interest bonds; 'coupons MAS.
xA.ll.
majority of stock of Kan. City M. A Blruii., 285 tulles, a nd provides for retire ment of its bonds.
1

A

Bp.

•

Koad opened In 1854 and leased to the Michigan Central. Stock
(9300.000). aU owned by the. Mica. Cent., carries dividends of 2Hi per
oent per annum. (V. 76, p. 752).
Junction KB. (Philadelphia).—Owns Belmont. Pa., to Gray's
Leaned /or 50 years from March 1,
Perry, Pa., about 4 miles.
;n rinla Wllin. A Bait.; lessee to pay fixed charges, keep road
stuck
repair and pay bond Interest and 6 per cent on stock.
In
9250,000; (par 950), bow all held i.\ 1'hll. Bait. A Wash, and the Penn.,
Di\ ii-i HDS In 1891, 40 p. c. In 1892, 35 p.c. in 1893,
V. 68, p. 42*
80; 1894. 15; In 1895. none; 1896, 15 p. c; 1897. 10 p.o.; 1898, 20 p. 0.;
•luce 6 per cent yearly under lease.— (V. 68, p. 428.)
A .TUchl^an By.— (See Map Toledo* Ohio Central.)—
Owns Corning. <>., to Qauley on the Cbes. A Ohio, 177 miles, less 18
t#m

Kanawha

mile*,

Pomeroj

Hock. Val K>

.

Oalllpoils, and 1 mile, Athens to Annltage, where
tracks arc used. Also owns branch of 11 miles lew. .1
to

Toledo A- >hlo 'cntr.tl and OoL Sandusky A Hocking Ry. oompanies.
Bistokt, ETC.— Reorganiaatlon In April, 1S90, of the Kanawha A
Ohio Railway sold In foreclosure. (V. BO. p. 451 483.) In Oct.. 1890,
a large Interest in the ttoek was acquired by the Toledo A Ohio Central,
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
Capital stock 810,000,000 <$ 1,000.000 In treasury July,
151.)
The first mortgage bonds arc Limited only to $15,000 per mile
of road constructed
June 30, 1 903. car trust 5p o. notes, payable
monthly, $1,5 -10.49.'; spen.il squlp, and betterment loan. $925,000.
Gross, 9291,153; net. 912 3 r>0
Latest Earns.— 2 mos., > 1903
Gross. 181,889: op.def. 11,743
{1902
July 1 to Aug. 81.
Sur over 3 mos charges., 98,573 In 1903.agHt.def 883.939 In 1902
a^--i
but. Report for year 1901 -2, In V. 75, p. 738, In'O! 3,
5-l.J-iS.l70, net, $175.2*7; other Income. $7,112 Int., taxes, eto.,
841,768; naiai.ee, surp., $59.353.— (V.75,p. 666, 72S; V. 77. p. 823.)
to

(

(

Hunan-Clli Itclrl.cA Western BB. — (V.

864, 919.)
River, 10
authorized 92,500,000
outstanding
(par,
9100);
00,000 (par. $100);
owned one-half by Atchison Tot.eka
Santa Fe and three tenths by Kansas City Fort Scott A Mem
phis and two tenths by Chicago Milwaukee A St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
from 1888 to C M a 8t Paul and Atchison Top. A 8. Fe (Jointly with
other companies) for payment in each oase of 3 p. o. per annum of
cost of property used with equal proportion of oost of conducting
transportat
.-ntcuance according to wheelage. The iin.rt
or )c,ir ending June 30, 1!>02, gross, $34 8.rage Is for $2.5oo.OOO.
1 IO; net, $191.4*3; Interest, RUM, etc. 8155.043; bal., sur., 93ti,370.
Kaima> C It) Clinton A N|>rl n-rtleld By.—Owns from Olathe.
Kan., to Ash orore. Ma l B nutoaj Re/more Jet to Pleasant mil,
Mo., 8 m.; Arcadia, K>m to Si.rlngf.eld. Mo
quired Sent
1901. from K
Fort Bootl A Memphis KK ); total. 247 miles.
St... k
81.775,400. Bonds were guarantee. by the K C. Ft Scott A
KK (old oo Under pun b tee from K c Kt. s. A M., 82.000.000
•lx p. c bonds of that oompeny, wen assumed. For year ending
June 30. 19"J, gr.
other lucome, r
Interest. 9378,660; Lai., dcf.. 9149,983.— (V. 73. p 236, 723.)
K ii ii sa « (It) Fori Siott A Memphis By. See Map of St.
lmut <* San fYancuco /,'iii.-iw./ iimi/iiniy ;—CJperates road extending from Kansas (lty, Mo., to Memphis. Tenn., and branches,
854 miles. Including trackage 85 miles from Arcadia to Spriiik-ti.-ld,
Mo., owned by K c. Clinton A Springfield Ry.(whlohsee above). A so
has a controlling lntereal in Mock Of the K. C. Mem. A Btrm. RR.,
owning line from Memphis. Tenn., to Birmingham, Ala with branch.
2-*. in. and of Kansas city A Memphis K\ A Bridge Co., owning bridge
across Mississippi Ri ret at Memphis, 3 miles. Total, 1,142 miles.
Organization.— Incorporated on June 14. 1901. and Is vested with
the proper.) of the former Kansas City Ft. 8. A Mem. U*Urom4 other
than the 88 miles from Area. 11a to Springfield, sold to the Kansas City
Clinton A Springfield: also oontrois other mileage. V. 78, p. 19 <7. See
V 73, p. 4 8, .V<'-\ 875, 888. Th« Bt Louis A San Francisco RR. owns
the entire stock and leases the r... id. guaranteeing the bonds of 1901,
principal and Interest, and 4 p c. on preferred stock trust eertlUoates.
BTOOK —Common authorized, $45,000,000; outstanding. 815,000,OOO.all owned by s> Looll A S.m Francis, .. KK
Tne pref. stock,
$15,000,000 authorised, of which $13,510,000 is outstaud
J 100) Is deposited In escrow, and agnlnst It are Issued trust cert
of the St L, A San F. KR. the latter having the option to retire the certificates at any Mine at par. and obligating Itself to pay ofl the whole
Issue in 20 years from date meanwhile obligating Itself to pay quarterly rtivs. of 1 p. c. thereon, beginning. Ian., 1803. >*re V. 7-'.
p
Bonds -The refunaing nouds ot 19ol (llintteo to $60,<XK),000) are
to be secured by all property nni* owned, or hereafter acquired with
the proceeds of the refunding issue. Of the bonds, 91 1 .650.000 were
subscribed for In June. 1901. about 931.035.770 were reserved for
ige against the face amount of underlying bonds, $3,000,000
for refunding purposes, 95,000,000 for improvements, betterment*
and new equipment at the cumulative rate of $600.o»X) per annnm,
and the residue, as well as any bonds not used or required for refunding purposes, will be reserved for issue for additional lines and extensions, at not exceeding 933.500 per mile thereof.
A- to guaranty on
bonds of 1801 see ••organization" above. V.75. p. 853.
In 1902 the K
I:. Srott A- Mem. Ry. guaranteed the Interest on all
except23,280 Kansas Cltj Mem.
Blrm. u
bonds, beginning Mar 1, the bonds so guaranteed being stamp, d with
7f>, p.

Ksn>a«('lt) Bell By.— From Argentine to Valley of Blue

miles,

stock

r

1

.

i

.

,

1

i

i

.

,

'

.

.

A

a provision making them subject to oall at any time within 10 years
from Sept. 1. 1902, at 95 and interest V 74, p. 177, 577.
The Birmingham lirlt bonds arc guaranteed, principal and Interest,
Jointly by the Kansas City Memphis A Birmingham and 8L Louis A
A San Francisco V.75, p. 1147.
BKP..KT.—The earnings of the combined properties (Including also
those of the K. 0. Clin. A Springfield Ry not owned) were (later earnings are included with those of St. L. A 8. F.):
Oroi$.
Tear—
Set.
Oth.tnr.
Charges.
Hal.,iur.
1900 01... $8,840,857 $3,427,913 $77,087 $2,o54,983 $1,450,017
From surpl us as above were p*ld in 1900-01 dlv. on Kan C. Ft. 8.
A Mem. pref. (8 p. o), $219,934 dlv. on common (4 p c). $395,920
lnt ou K.
M A B Incomes (5 n.c). $316,863; charged off <;3,032;
leaving final surplus of $454.219.— (V. 77. p. 36. 146, 196, 769
KausanCII) 'I cm pli in A Blrml ngliam B B.— See Kansas City
Fort Bcott A Memphis Ry. above.— (V. 7J, p. 1147.)
Haii»n* City Tlexlco A Orient B It. -(See Map.)— Projected
to extend from Kansas crity. Mo., to Fort Stllwell, Mex., on the Oulf
inO-t., 1903, work was In progof California, about 1.50o miles.
ress along the entire distance from Kansas City, Mo., to Sweetwater,
Tex about 650 miles, of which 100 ml'es from Mllon Kan south,
were completed, and ahont 200 miles In Mexico w >r> under consi ruction; but of the latter 100 miles east from Fort Stllw.li con
p
track laylngwas In progress in Kansas, Texas and Mexico, ami It was
expected the entire road would be ooinpleted within three years.
BeeV 75, p. 1253. The Chihuahua A- Pm completed from Chihunhua
to Minaca, 12". m., used as the southern portion of the Hue, under a
ten-year trackage agreement, the concessions for building the uncompleted portions of the line (see V. 71, p 181) having been transferred
to this company. V.73, p. 662. See prospectus in V. 75, p 1253. Has
tratllc contract with H imburg-Auierlcan Steamship Co. for monthly
service from Port Stllwell to Hawaii and trans Pacific ports. V. 77,
;

;

)

,

,

.

p.

401.

In Oct.. 1903, road wivs operated between Wichita. Kan., and lair
lew o. T.. 128 miles, of which Wichita to Milton, 31 miles, is Missouri
Faeitie trackage, under temporary arrangement.
Tne Kansas City Outer Belt
Electric RR. (see that company below) will, when completed, afford terminal facilities an! an entrance
into Kansas City. V. 76, p. 3J1.
8ecuritikb.—The company Is to issue the following stock and bonds
to ©over each mile of completed road and equipment, vit.: $22,500,
II rst mortgage 4 per oent gold
bonds, running fifty years from their
dale. Interest payable semi-annually (but probably incomes for the
first three years) and $20,n0 > per mile each In common and non-cumulative 4 per oent preferred stock, and in addition *2.5O0.00O bonds
Stock
for extra work in the Sierra Madre Mountains. V. 75. p 1253
is held In a voting trust for 10 )ears or more.
Pies., A. E. Stllwell.
OrricsKs.— President. A. E. Stllwell: 1st Vice Pre« Enrique C. Creel; 2d
'.\
vice P
w Sylvester; nd Vioe Pree »n.i lien. Mgr., !•: «..rd iv.okmson;
Pecretarr. Neal S. I>..ran: Trea*.. vv. A. Rule. BxecntlV
M»rtln irhnlnui..). Kdw.ird Dickinson. Vf. 8 Wood*. W. A. (tul*. A. K. Sillwell and
W. Syive«ter. Olhtr directors Include Georga J. (••lal.i. Warren
i.-n
and J. T.
184, 0o6, 907, 1037, 1202, 1253; V. 76, p. 331; V. 77, p.
\

.

m

.

•

I

1

.

W

<

.

>

i

250.401,510.)

Kansas City Northwestern BB.— Kntlre stock, 94.016.00o
(par *100), and $2,983,000 "B" bonds were pnrchased in Nov., 1900,
by Mo. Pao. Ry which see; also St ii- of Jan., 1903. For year 1900-1
(on 174 miles) gross $426,877; net. $100,591; other Income, $1,441;
.

deductions, $78,636; balance, surplus, $32,396.

Kuiiaaa City Outer Belt (Mcnin) A IC'cctrlc BB.— (See
Map )— This company Is constructing a belt line rood at Kansas (lty,
:i

line, double track, being 7 miles In length, extending from
CI y to the Kaw Valley on the west, witli bridge "cross the
River. Will afford an entrance Into Kansas < ity for the Kansas

No Kansas
i

A

Citj Mexico
Orient Ky and connect with the rarlOOS steam roads
entering that city. Arrangements are also proposed with certain proIncorporated in 1902 by lnt
[eoted suburban elect)
roads.
friendly to Kansas City Mexloo A- Orient ity. V. 7"., p. 184; V. 76, p. 331.
«:iriKs.— 9tock authorized. 92.250,000 each of common and 4
per cent preferred. The stock will be held In a voting trust of ten
members until the full di\ i.len 1 shall have been p-ild on the preferred
for five consecutive year- BeeV. 76. p 831. Of the $3,000,000 authorised l-t gold 4 s (see table at...
000 have been sold; the entire
cost of construction and equipment wns estimated ;it not <>\ er $2,OO0LOOOlnb
ug balance for extensions and imj>roveiin-uts. — (\ .
78, p. I84j V. 78, p
Kansas City Southern By.— (See Map.) -Operates a line extending from Kansas City, Mo., to Fort Arthur, Tex., (thence by its
shin canal 7 miles to deep water on the Oulf of Mexico), with branches
iisire terminals used by various roads entering Kansas city.
*i'».<f.
i \"'j oirned
Mile*.
Line* earned
Kansas City, Mo., to Belt Jet
12 Branches to Fort Smith, De
Orand View, Mo., to Port Ar..
45
Q .lncy, La., et
thnr, Tex
Trackage— To Or'd View, o. 11
765
,

•

.

—

\

.

I

I

|

833

Total

Obo»mzation— A

reorganisation of the Kansas City Pittsburg A
Oulf RR.. foreclosed Mar 18, 1900, pel plan V. 69. p. 1012. 1062.
V.73. p. 13.">6; V. 74. r 94. InOct., 9O0, control became vested In the
Harrlman syndicate. V. 71. p. 913, 9C3. Oeo. J. Gould is Vioe-Pres.
1

Vol.
lxjlvii.

—

—

RAILWAY STOCKS AND BONDS.

Oct.. 1903.]

l>t.

map of

H*ul

1391

U*r*UOti&*

Tin:

KANSAS CITY SOUTHERN

—

.-

RAILWAY.

A~1

T

^

X

Calmar
(ilwaukee
&3

*,.,

Om.

<P
~

Scrttuii-r

Duncil/Bluffv

Quini"

Stockton

Bclolt
Mlllolivnl,.

/Clark
1>N/C*

SidalU
JEfFERSON CV.

P*

r\
V^

Versatile*

Pacta

KlchUmL.
ltH»»0|
atJ

'

Omtol*
lilMH

jkUaOaa

.11

M

A.lurjr
,iLi«->..-

I

—

SB
j

[JOPLIN

V^SZ~^r^7t
10110 "
fSi^VMi*

Nadford]

3

••.

AnatrrK)ji

WU,ow
\Chadvlck 8piB>o-- WIUlamOTtfieN
A\ _
_
\poniphan,
.

-^~y^\

/^S t'lufiimn

p"**

/

/V,*Eurv£«

• ULPHliMMlNci

Spdiifc-*-,

V

t

KnoUl

9

JmnokkK^PRiNc*
''«•**.,

rfi

i

n

cyv^S>|rf**2^
Bald

i

KnoM

I

Aik:.i.
'.S.-J

mm

RM

i

War^JT

eoo.

rtDTillc

Cornle

CO
Miinuu

M A N * F; E L O^
1.

I

JHORNatCK
Temple
TrinltT,

|

iLcerrllle'

foe auiNci

Hi

Kcrrrill*

m
tl.CA.NI

8aa Antonltfs

Morgan Otv

M

Yoakum
Ki

a4j

-

-//

A

.

.

KAILWAY STOCKS AND BONDS.

1392
RAILROADS.
For explanation of column headings,
on first page of tables.

Kansas

Miles
of

Date

INTEREST OR DIVIDENDS.

Size, or

of

[Vol. lxxvu.

Par

Amount
When
P
nntiiMrtim. Rate pei when Where Payable, and
uuwianaing CenU61 p aya blel
Value.
Cent Payablel
Road. Bond* Value,
Whom.

Ac., see note*

^^

bj

I

Bonos— Pnno»pal,When Dae.
Stocks— Last
Dividend.

A

St. Joteph dt Council Bluffs.— See Chic IBCRL.
Qui NCT.
Suburban Belt— Bee Kansas Crrv B
KHN K v.
Br.dk BR. -K.
I. B. let M.,g, assumed.
1881 $250Ao.
1st consol. mortgage, $2,500,000. gold
1900
1,000
S.C
Keokuk <t Des .Home*— Preferred stock, 8 per cent
100
i'62
1st mortgage, interest guar. C. R. I. A P
162 1878 100 Ac
e
eokuk <& Hamilton Bridge— 1st mortirave
1869
1,000
Kewaunee Oreen Bay <£ Western— 1st mortgage. F.<
1891
1,000
Kingston 4 Pembroke—1st M., gold
113 1882
1,000
Knoxv. <t Ohio— i«t M., m id. guar, by rani Ce erta
69 1885
1,000
Lake Erie <t Drtioit hirer— See Pkki; M m.
RR.
Lake Erie «fc Western—Com. Stock, $20,000 p. iu 725
100
Pref. stock, 6 per cent (not cum.) ($20,000 p. m.)
100
725
1st n.ortgage, ($10,000 per mile) gold
1.0O0
Ce c 725 1887
2d mort., for $3,625,000 ($5,000 p. m.) gold.Ce.c 725 1891
1,000

City

Sari. City

Ken d

A

I.

$1,000,000
5 g. M. A 8.
Louisville.
March, 1911
A. & O N. Y.,8tandardTrust Co. Apr. 1, 195*
1,069.000
4. g
1,524,600 See text See text N Y., Office, 13 Wm. St iNov.16,'03.294
2,750,000
5
A. A O.
do
do
Oct. 1, 1923
1,000.000
A. A O. 62 Cedar St. As earned. April 1, 1899
8
378,000
5
J. A D. N Y., Office 40 Wall St. June 1, 1921
572,000
3 g. J. A J. N. Y., 45 Broadway.
Jan. 1, 1913
2,000,000
6g. J. A J. N.Y.,J.P.MorganACo. July 1, 1925
|

1

1

£

]

(

,

:

A Michigan Southern— Stock
Guar. 10 per oent stock (Mich. So. A No. Ind.)
Consol. 2d mort.
o&r
859
do
Mortgage, $50,000,000. gold. In
o'ir 1,000
Detroit Monroe A Toledo 1st mortgage, guar. -c
55
Kalamazo A White Pigeon 1st mort.. guar.Un..c
37
Bat. Cr. A 8tnr. 1st M., g.,guar. p.* (.(see M.Cen.)
41
Sturgls Goshen A 8t. L. 1st mort., g., p. * 1. guar
36
Kal. Allegan A Or. Rapids stock, rental guar
58
let mortgage, guaranteed. Cn
58
o
Erie A Kalamazoo (l'sed) st'k, Toledo to Palmyra
26
Lake Shore System— Mahoning Coal BR.—Stock
43
Lake Shore

100
100

. .

1873
1,000
1897 l.OOO&c
1876
1,000
1890
1,000
1889
1,000
1889
100
1888
1,000
50
50
50
1884
1,000

.

Pref. stock, see text.
1st M., Youngs, to And., etc., guar. p. Al.(end).Unc
r N. Y.

Central holds $45,289,200 of

43
43

A J.
A J.
A J.
J. A J.
J.AJ.28
J. A D.
J. A D.
F. A A.
J. A J.
J. A D.
J. A D.
A. A O.
J. A J.
P. A A.
F. A A.
J. A J.
J. A J.
J.
J.
J.

Offloe, Gr. Cen. 8ta Julyl5,'03,2%
N. Y., Chase Nat. Bank. Jan. 1, 1937

N.Y.

do

do

July

1,

1941

N. Y.,Grand Cent. Stafn July29, 03.3>«
,

do

,

do

1

July28, 03,5%
Deo. 1, 1908

f

Coupons at Grand

I

|

|

on new 3^8 by
U.

8.

Trust. N. Y.

June

1997
1906
1940
1980
1989
Oct., 1903
July 1, 1938
Aug.

Cent. 8ta*n, N. Y.
Registered lnfstonj
2ds by Un. Trust;
]

I

I

|

I

Jan.
Deo.
Deo.

1,
1,
1,
1,
1,

N.Y.,TTeas., 24 Thomas Aug., 1903. 5%
N. Y., Gr*d Cent. Stat'n Aug 1, '03,3*
N. Y.. Union Trust Co. July, '03, 2»*
i

do

do

July

1,

193

this.

Seci ritieb.- Of the amounts shown as outstanding In the table
above there were In the treasury on June 30, 1902, $1,456,175 common
•took, $619,189 preferred stock and $783,940 bonds.
Voting Trust.— By modified plan both classes of stock will be vested
for Ave years In the following voting trustees: E. H. Harrlman, Geo.
J. Gould, Otto H. Kahn, John W. Gates. Herman Sleloken, Louis Fitsgerald and James Stlllnian. The voting trustees may, in their discretion, deliver the stock at an earlier date.
Latest Earnings.— 12 > 1902-3. Gross, $6,224,477; net, $1,553,944
mos., July 1 to June 30. \ 1901-2. Gross, 5,732,918; net, 1,828,958
Report for year ending June 30, 1902, at length In V. 76, p. 98, 108.
1901-02.
1900-01.
1899-00.

Gross earnings
Operating expenses

11,840,000
11,840,000 4 in 190S
7,250,000
5 g3,625,000
5 g.
z 49,466,500 7 In 1903
10
533,500
6.098,000
7
43,844,000
3^ g.
924,000
7
400,000
5
79,000
3 g.
322,000
3 g.
610,000
595
5
840,000
300.000
10
1,500,000 10 In "03
661,850
5
1,500,000
5

$5,450,871
3,616,126

$4,753,066
3,399,222

$4,118,763
3,326,115

—

A

Lake Erie
Western Railroad.— Road Owns Sandusky, O., to Peoi la, 111., 420 miles, and branch to Minster, 10 miles;
Indianapolis to Mlohigan City, 162 miles; Fort Wayne to Connersvllle
and branch to Rushvllle, 133 miles; total owned, 725 miles; leases
Northern Ohio RR., Akron to Delphos, 162 miles; total operated, 887
miles.

History, Etc.— Formed in 1887 after foreclosure of the Lake Erie
A Western Railway. (SeeV. 50, p. 590.) In 1899, control passed to the
Vanderbilts, and on Jan. 1, 1903, the Lake Shore A Michigan Southern
owned $5,940,000 common and $5,930,000 pref. stock. V. 71, p. 1269.
DrviD. since 1889 J 18S0 '91 *92 '93 to '98 '99 1900 '01 '02 1903,
on pref.—
4 4% 5 yearly
4
2
4 4
I 4%

Bonds.— Abstract of

first mortgage In V. 46, p. 45; of 2d mortgage in
Guarantees $2,500,000 5s Northern Ohio, which see.
Sept. 30, 1903, gross, $3,891,362 In
1903, against $3,4e>9,222 in 1902. For 6 months ending June 30. 1903
Qmts.
Dlf.ou Pref. Bal.,Sur.
6 mos.
Net.
Charge*.
1903
$2,447,744 $672,250 $133,816
$236,800
$1,634
1902
434,292
2,238,766
675,165
236,800
4,073
Annual Report.—Annual report for 1902 was in V. 7 6. p. 916
Tear end. Dec. 31.
1902.
1901.
1900.
Gross earnings
$4,699,340 $4,533,204 $4,475,712
Net (lncl. other income)
1,380,929
1,591,734
1 ,357 437
Deduct taxes
204,522
206,983
197,335
Interest on bonds
543,750
543,750
543,750
No. Ohio int. guar
125.000
125,000
125,000
Dividends
(4)473,600 (4)473,600
(4)473,600

V. 54, p. 444.

Earnings.— For 9 mos. ending

Net earnings
Total net Income

792,749

$1,834,745 $1,353,845
$1,950,120 $1,384,186
128,850
114.600
821,263
762,913
76,662
" 98,000
7,011

Taxes
Interest on bonds

K. 0. Teroi. expenses
Miscellaneous

Balance, surplus
$916,334
$478,683
Directors. - Pres., Stuart R. Knott: Vlce-Pres., G. J. Gould; J.
W. Gates, John Lambert, of Chicago; Edward U. Harrlman, Otto H.
Kahn, Edwin Gould, Lawrence Greer, H. P. Werthelm and Herman
Slelcken of New York; John J. Mitchell, of Chicago; Julius S. Walsh,
H. C. Pierce, of St. Louis.— (V. 76, p. 98, 108, 1225.)
Kiiiimuk City Pittsburg
Gulf Kit.— See K. C. Southern Ry.

.

A

$10,565

Balance, surplus

$31,596

$252,049

p.
Kentucky A Indiana Bridge & Railroad Co.—Owns steel -(V. 74, A 827.1355; V. 75, p. 1397; V. 76, p 864, 916, 1355.)
Lake
River RR.— V. 77, p. 510.
cantilever bridge over the Ohio River at Louisville and 5 miles of railroad between Louisville, Ky., and New Albany, Ind.. and 5 miles of
Lake Shore A IVlchlgan Southern ltallwa v.— CSee Map
T. Central )— Operates from Buffalo to Chicago with branches.
belt line in Louisville
N.
also owns Louis. A New Albany Ferry Co.
The
Successor Jan. 31, 1900, to Kentucky A Indiana Bridge Co., sold main line (540 miles) Includes 26 miles between Toledo and Palmyra,
in foreclosure subject to the $1 ,000,000 first mortgage. The Southern Mich., under lease from the Erie A Kalamazoo.
Ry., Bait. A Ohio Southwestern (B. A O.) and Chicago Indianapolis
Road owned directly.
Miles.
Leased, [Msec this Co.]
Miles
A Louisville own the $75,000 capital stock, and pay monthlv, in pro- Buffalo, N. Y., to Chioago, 111. .540 Kalamazoo A. A G. R
58
portion to cars handled, any deficit in operations. Of the $2,500,000 Sundry branches
320 Jamestown A Franklin
51
first consoL 4s, $1,000,000 were reserved to retire the old 5s at maEntire stock owned.
Mahoning Coal RR
47
turity and $500,000 for improvements and betterments. V. 71. p. 492.
Detroit & Chioago (see below)
36 Erie A Kalamazoo (26 m.)
Text.
Earnings.— For year ending June 30, 1903, gross, $232,931 def. Detroit Monroe A Toledo
55 Detroit Hillsdale AS. W...ff
65
under Int. charges, etc., #171,297. President, W. M. Greene; Sec and Kalamazoo & White Pigeon.
37 Fort Wayne A Jackson
98
Treas.. H. W. Heazlitt. Gen. Mgr., W. M. Mitchell.—
;

.

;

(V. 71, p. 287, 342.)

Keokuk A Den

Ry.—Owns

from Keokuk, la,, to Des
Moines, la., 162 miles. Leased for 45 years from October 1, 1878, to
the Chicago Rock Island A Pacific Railway, the lessee to pay 25 per
cent of the gross earnings, but guarantees the interest (not the principal) on tlie bonds. Stock Is $1,524,600 8 per cent preferred and $2,600,400 common (par $100), a majority of which Is held by the lessee.
Divid'ds.— ) 1893. 1894. 1895. '96 to '98. 18!>9. 1900. '01. '02. '03.
On pf. p. o. S 2-4 95 ots. 90 cts. None. 50 ots. 50 cts.
Rental: In 1899-00, $159,068; in 1900-01, $148,178.— (V. 68, p. 772.)
rtlolne*

112

Keokuk A Hamilton Bridge Co.— Owns bridge across MisRWer at Keokuk, la., for railroads and foot passengers. The
property was originally leased to four companies, but only two companies now one it these being the Toledo Peoria A Western and the
Wabash Regarding guaranty see V. 59, p. 969. On Judgment of
1889 $203,000 1i;ih been collected; on Judgment of 1K94. $112,000;
in Apr 1901. $112,000 w:ih awarded. V. 72, p. 821. Stock, $1,000,000; par, $100. Coupons are in default, but mortgage has never been
foreclosed, :nnl pari oi overdue interest Is paid as earnings permit.
Lam coupon paid was No. 1 (due Oct., 1889), In Mar., 10(3.
Kakninos.- Tear ending June 30, 1903, gross. 889,968: net. $21,917; other income. 9 6,765; total deductions, $34,901; baL, BUT.. +3.
780. In 1D01-2. gross. $3 1,1 1.; net, $ 1,949,
President, Andrew
Carnegie; Treas., Theodore Oilman, 62 Cedar St., N. Y.— (V.72, p. 821.)
A Peanbroke Ity.— Owns from Kingston, Ont., Can., to
Klatgaton
Benfrew on tea Can Pao.. 104 miles; branches. 9 miles Rei rgi
stock. $i.oon.o< o iirst pn f 5p.o.
in lh!9 per plan V. »7. p. 274.
non cum., 9160,000 second pref. 8 p. c and $2,r 00,000 common. The
Canadian Pao. leas* i ti road »> <\ own< d on June 30, 1908. $1 .1 30, 100
pref. and $1,750,100 coma on stock. V. 77, p, 886, 1221. First dlv.on
let pref., l p. c, paid April 2, 'oi; none slnoe to Hay, '08.
Yoarendmg Deo. 31, '02, gross, 9171.796; net, $19,595: Int., $17,160; balance*,
sissippi

,

1

1

1

•

surplus. $2,135.

(V. 73. p

1100.)

.1

1. a toilette to La I-., lette Jol
n> mllee. stock, 61,122,200,
Mi rged
in Oct
1904, In Southern Ry which owned 61,118,300 <>f the etook,
91,111,800 being pledged nndei n« consolidated mortgage of 1894
The stockholder! Ool 7, 1908, authorised a Bmtooneol mortgage
to secure 83,000,01
bonds, of wii oh 62,000,000 to be resei ed to re
tlr- the ilrr-t mortgage bonds at maturity, balanoe for new acquisitions
,

.

\

and future
treasury of

The bonds when leaned to be held in the
Southern Ry. V. 77, p. i:98, 1836.— (V. 77, i>.20H, 849. 451,

rei|iiiieiiieiits.

.)

Koua A

Kail Ry., Hawaii.-

61

86
,

5

11

Total of above
Grand tot. oper. Jan. 1, '03. 1,411
1,092
Of the main line 519 miles has double track. By oontrol of " Nlokel
Plate" the Lake Shore has still another line from Buffalo to Chioago.
Operates Dunkirk Allegheny Valley A Pittsburg, Dunkirk, N. Y to
Titusville, Pa.. 91 miles, since Oct 1. 1901. for aoeount of New York
In Feb., 1902. the U 8. A Mich. 80., together
Central -(V. 73. p 663
with the Michigan Central, took over the operation of the Detroit
Toledo A Milwaukee RR Allegan to Dundee, Mich., 133 miles. V. 74,
,

)

,

1026.
Organization, Ac. A consolidation on August 16 1869.
In
February, 1898, a majority of the capital stock was purchased by the
N. Y. C. A II. KR., which gave in exchange Its 3*a p. o. bonds at the
rate of $200 in bonds for $100 in stock. V. 66, p. 288. In T.I03,
$45,289,200 stock had been exchanged. V. 69, p. 1237.
icai, o A St. I/Ouls road has been controlled by ownership of
N. Y.
stock since 1882, Lake Shore now owning $6,240,000 of its oommon.
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock.
The company also oontrols and leasee the Mahoning Coal RR. Isee Lake
Shore "System" below] and owns (besides the entire stock of the proprietary Ones) $4,050,000 Pittsburg A Lake Krle stock. N. Y. O. A H.
K RR. In 1899 had acquired over nine tenths of the capital stock of
the Lake Shore, as slated abo\e.
In 1000 the company porehased $11,224,000 of the $27,989,310
Cleveland clu <hto. A 81 Louis common stook aiao $6,940,000 of the
$1 1.840.000 common and $5,930,000 of the $11,840,000 Luke Erie
Western preferred, the whole at a ooel of $12,958,08 of which #8,«
<):.m,o-2 paid from surplus earnings,
V. 71, p. 1269; v. 72, p. 870.
In 1903 purchased 84,800,000 of the 98,000,000 stock of the
Indiana lllnol- A.low a KK„ operating Hue from Scaton ville. 111., to
st Joseph, Mich., 8*8 miles. V. 78, p. 1366; v. 74. p. 11. in 1901
pnrohasi d from surplus earnings $3.2oO.OOO Lehigh Valley RR. stock
V.74. p. *7'.).
at aoostof ai.OiO.000
iir.ian., 903, the one-half share In <>v< r *60,ooo,ooo of the $110,OOO.I 90 Rending Co. stock acquired by the Vandei hilt Interests, consisting largely of preferred stock, the other hair being held by the
Baltimore a Ohio, was turned over to the Lake shoie. Bee " General
Finances " below As to purchase of > no-third interest in majority
Hocking Valley Ky. common stock, t-cc that Company. V. 76, p. 102,
p.

379; V. 76,

1

p.

1

;

A

,

I

Knoxvllle A ItrUlol UK.- See Soul luVn Ry.— V. 77, p. 298, 1225.
Kno xvllle A Ohio It It.— Owu K not v\ .«, Tenn., to ell loo, f Ann.,
and branch. 89 mile* iii 1908 acqoln d the Tenm ssee Northe'n hk„
,

fl

Northern Central Michigan.
Sturgls O. ASt. L
Central Trunk
Elkhart A Western

V. 75, p. 289; V.

76

p. 542.

1

168;

V.

77.

]>.

4M.

In .Ian.. l'.u»3. the entire stock of the Lake Erie Alllanoe A Wheeling Kit., Phalanx, <>., U) DIIIohn Ule, *-> mllef, was purchased, together
with all the stock of the I,, i: A. A W. Coal Co. and 51 p. 0. of that of
the Jefferson Coal Co.; also otherproperlles aud lands. V. 76, p. 265.

5

RAILWAY STOCKS AND BONDS.

Oct., L903.]

_

I

g..s.f.F c

20
16
3

L.Sup dtlshpem. Ry.— 1*1 M.,$ 1,200,000.

L.A Hud K Ben M

$3,000,000, g.(seetextl<*e.<-'
Lehigh ,t New BngFd 1st M.. $1,000,000. gold
North'ton, 1st M.,g..$ (oo.ooo, gu..red. lOft.FI'o*
Consol. mort., $3,000,000, g.. call 105
Lthiy/t Vath-i/ BUM k ($106,300 Is 10 p. 0. pf.)<>S»
1st mortgage, c. and r., ext. In gold In 1898..

FP

UP

2d mortgage

r

42
03
18
22
63
....

15
All

101
101

PP

—

.

.;

.

,

.

A-

I.

(end.)

<

1^1

1,000
1.000
1.000

Oan.No.lstM..g.,gii.p.Ai.byE.CAN.(V.76.p.l406);
Morris Canal stock, 4% guaranteed 999 years
Preferred stock, 10 p. a. guar. 999 years

I

'88. P.ot.

5

{

190]

1899
1895
1,000
L890
1,000
1891
1,000
1880
1.0O0
1895 500 Ao.
1892
1,000
1866
1,000
18.84

....

,

connection with purchase of Bead
.

and

>

'91.

'93.

'94.

7
4i«
4

4j

A6
A

(i

cp.Bk.N.A. June 1, 1948
M. A 8. Phlla. Or. 228 80. 3d Bt Bept l, 1910
J. A D. Reg.atottlcc;ep Bk.N.A.
1. 1928
.1.
m D Phlla.. Of.. 22* Bo. 3dBt. Irredeemable,
.1.

i

I).

5

g.

M i N

4

g.

4 |

M. A N
Various
K. A 0.

4

M.

g,

4»a«. J.

J*
4»*g.

,000

1953

-93

A.

M.
M.
M.
J.

4,414,
6 g.
5 g.
6 g.

J.

4
10

F.
F.

A.
A.
A.

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

May

Philadelphia.

Mav

1,
1,

1997
2003

To An.
.

l*hll.,Leh.Val.Of.AN.Y. Bept. 1. 1946
N.Y.Merch.N. Bk.APh. July 1, 1940
do
do
O.
1941
N. Phlla.. Of., 228 80. 3d 8t. May 1. 1920
N.
do
do
Nov. 1, 1935
N. N. Y., Central Trust Oo. Nov. 1, 1942
D. Phlla., Bk. N. America. June 1, 1906
O. Phlla.. Lehigh Val. RR. Apr. 1, 1939
do
do
Apr. 1, 1914
O.
do
do
Apr. 1, 1914
O.
do
do
July 1. 1906
J.
A. Phil, office, 228 8.3d Bt. Aiu.,1903.2
do
Atu- .1903,5
A.
do
S
8.
J.

.

RR.—

gross, $124,68.">; net,

.

'

1

t

Branches

502

Other

4

Majority stick Chrned~
Tra<rA:affeto.Susq.Brldge,eto.
49
Y Wllksb're to Pa.
Btate Line (with 45 miles
Total June 30, 1903
1,399
branches)
141 Second Track
History, Etc.— In March, 1897, J. P. Morgan A Oo. na-ulred, the
vnttng power for a large block of the stock, see V. 64, p. M7, 7 i. V.
6-<, p 474, and In June, 1899, purchased about 75,000 shares of stock,
bel iik' one half of the holdings of the Asa Packer e.stste, and In Jan.,
1901. the -emaluing half, these, together with other acquisitions.plao
lng them Mi practical control. V. 08, p. 1226; V. 70, p. 1049, V
1'
87. In 1901 representatives of the Erie, Lackawanna, Central of Ne
Jersey, Heading aud Vanderbllt Interests entered the directory. V.
72, p. 137, 391. The Lake Shore A Mich, 80. in 1901 purchased $3,200,OOO of the stock. V. 74. p. 883. For list of securities owned, see V.
00, p. 1*7. As to merger In 1903 of certain lubsidlary companies
under names of Lehigh Valley Ry. of New Yors. at:
y, see
V. 77, p. 972.
Coal Pboprrtt.—The Lehigh Valley RR. Co. owns 3,619 acres of
ooal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
which in December, 1893, owned anthracite ooal and surface lands:
Total acres.
KiCd. yield.
Ooal acre*.
Owned In fee
15,217
7,242
124.000,000
Perpetually leased
8,123
5,741
111,000.000
Term leases
1,708
1,708
47,00o,000
out rols through stock owned.. 9.229
4,519
50,000.000
Collieries 54. dally capacity about 30,000 tons. (V. 62, p. 364.) The
Hazelton Coal Co. (chartered In 1896) stock is owned and its $2,000,000 first mortgage 5s also owned are guaranteed—see v. 64, p. 137. In
1900 Delano Land Co was merged in Leh. Val. Coal Co — V. 71, p. 287.
The < S«J <>. Shipped from collieries owned 3,531,677 tons In
1902-03. against 3.049,753 tons In 1901-02; total coal tonnage In
1902 03. was 5,936,016.
,

1

controlled bj the Cleveland Cluis Iron t*o. stock, $1,000,000;
Bonds are subject to call for ho sink ink- fund h\ tol
and interest x*ear ending Dea 31. 1903, gross, $186,584- net,
$13,9 10; Other Income. 318,736; taxes, $19,270. President. Win. (J.
Mather. Cleveland. O. — (V. 75, p. 1207; V. 70. p. 1248; V. 77, p. 89.)
t

at 105

Lake Tataoe

Ity A Transportation Co.— Truckee to Tahoe,
15 miles, narrow gauge, operated during tourist season from May
irlth sK'.nnersand hotels, also (>\^
$5(M).000. all outstanding. Mortgage covers also steamers, wharf ami
hotel property costing $250,000, sinking fund becomes nj>erattve In
1905; Mercantile Trust Co., San Francisco, trustee. V. 74. p 179. Kur
1902.net earnings over Interest an
ges were $20,130
or
year 1901, k168: net, $10,469. Pxesilent, D, L. Bliss, San
Francisco, CaL— (V. 74, p. 478.)
.

lBtoOcLlBin » nneeoon

1

Laramie Halm'- Peak A Paclttp Ity.— In Oct.. 1903. grading
completed from Laramie, Wyoming, via Centennial, 30 miles, to be
Operated In summer of 1904; contract also let from
eutennial to
Grand Eucampment, bc:ng bal 4iice of 100 miles; entire projected line,

t

<

(UHi miles. Stock auil OTlaed, $9,000,000, all eoin., to be issued at -ate
of $90,000 per mile; par of shares. $10. No bonds
(Bee V. 77, p. 834),
President, Isaac Van ilorn, 7 Congress 8L, Boston.— (V. 77, p. 824 )

.

<

A

Lenvt iiw ortli Terminal Hallway
Bridge.—Owns highway and railroad bridge (opened Jan. 1. 1894). 1.110 feet long, over
Missouri River at Leavenworth, Kan., and valuable terminal property
in that city. The mortgage oontalns a sinking fund provision. Kan-

g.

1.

1,

RR.—

"95 to Aug., 1903.

:

4

1,

Mil
1912
1920
1945

982,433; charges, $47,178; balance, deficit, $14,746.— (V. 77, p. 951 )
(See Map. t— Embraces main line from
Leh I -ili Valley
Jerae*- city, N. J., opposite N. Y. City, to Buffaio, N. Y., 450 miles,
with oraiiohes, viz,
Fee or Entire Stock Ojsncd—
Maj 8lock rned-Cont. Milet
Miles. Lehtgh A N. Y„ Pa State
Butrnlo. N. Y., to Sayre, Pa
LinetoNo. Falrll iv, ti.N.Y. 115
181
Wilkesbarre, Pa., to Jc:
Other
70
v
174
Le tied—
Klmlra Cortland A Nor.U ... 13
State Line A Sullivan
*T24

4"sj
5
8
8 10 (Feb.7%.Aug. 3%)
)4>a%
8>n
The preferred stock certificates are 5 p. 0. guaranteed and contain
a clause making them redeemable at par at option of company.
For year ending Dec 31, 1 902, rental, $668,207; surplus over Int.
and 10 p. 0. on com. and $ p. 0. on pref., $408,354.— (V. 66, p. 897.)
Lake Superior Ac I «li peiiiluc Ry.— Marquette to Ishpemlng,
Mich, 30 miles; Leasee,
mile; total. 21 miles
The Munlsing K>.,
Little Lake to Muntslng. 88 miles, and the Marquette A BoutiM
.ndii to Marquette, 17 mUee, are operated aa one system, all

Oal

1

Co of Philadelphia. V. 77, p. 951.
F.wtMNos.— For year ending June 30,1902,

On common.

par of shares,* 100.

Apr
Warwick, N Y.
July
Phlla.,927 Chestnut 8L July
do
do
Jan.
do
Oct.
do

1928
1911
1917

>

perpetuity for 40 per cent of gross
1, 1903, owned $865,900 common

'92.

.1

()

1,
1,
1,
1.

u-

to Lake Shore, which Jan.
and $399,500 preferred stock.
'90.

National Bank.;

J.
J.

July
July

History.— A reorganization July 1, 1895, of the Pennsylvania
Poughkeepsie A Boston, sold in foreclosure Deo. 14, 1894.
Securitikb.—Stock is $1,500,000, par $50. Mortgage of 1895 is for
$1,000,000, of which $509,000 for Improvements and exten's— (V. 62,
Current liabilities June 30, 1902, $262,493. There were also
p. 134)
$75.0O0 collateral trust bonds and $20,000 equipment 6s. Of the
oonsols of 1903 ($3,- 00,000 authorized i>-ue), Bl,800,<
are issuable
available for extento retire the existing bonds, the remainder ix-in
sions and improvements; trustee, City Trusti Safe Deposit A Surety

Lake Shore Svstem.— *TI alio ill ns: Coal HH.—Owns from
Yonngstown to Amfover, ()., and brandies, 47 miles. Branch from
Donghton to Plymontb, on the Lake Shore, 47 miles, was com

1889.

f

owned.

'

)

N. Y..

Rank

A New

•

Divii.km.s.—

!

1926

1

1,
1,

Operates road from Slatlngton,
Leltl-fli
England
Pa., to Campbell Hall. N. Y.. 90 miles, and Martin's Creek to Bath, 15
miles, the latter completed in July, 1903, of which two sections, aggregating 32 miles, belong to other companies, leaving 79 miles

,

In

i

A

1.

,

1903

1.000 new 3-vs issued, tlxed charges being reduced $1,062,040
per annum, or over 2 per cent on the capital stock.
EarmmjS — For 6 mos. ending June 30.
Other inc. Int tnxr<, etc. Iial.,tur.
6 wio#. Grot*.
Stl
1903
'.'.J
$940,000
J2.820.000 $2,35*4,939
1902
4.793,72
7*0.000
2.010, '><i>
1 4,3B4,» 89
:;..".U3,729
Dividends or 3'j pt r cent call for $1,731,328 for the 6 months.
Annual Kki-out.— For 1902 was In V. 76, p. 1026; see • lit page 1003.
.-end. lhc. 31—
1902
1901.
1900.
$2«.4i.t;,51 4
Total gross earnings
$29,272,075
$30,4 19,232
21,9s9.064
_20.2M.229
Opei. exp. A taxes
17,307,795
$8,460,*i28
$9,lYs,7M
Net earnings
$9,062,446
$10.12-1.793
Net. tncl. oth. Income
10,391.736
9,908,3^0
Rentals paid
1,043,067
923,247
916,606
Interest on debt
2,397,353
2,266,656
2,273,312
Dlvld's on guar, stock
53,350
53, 350
53.350
Dlvl. lends
(7) 3. 4(i2. <'.'>f>
(7)3.462.t!55
(7)3,462,685
Surplus over dlvs.
|
$3,692,470
$3,195,776
—(V. 76. p. 102, 158, 2(*6, 1026, 1030, 1355; V. 77, p. 36, 4j1.)

Leaaed

A.

Jan.
Jan.
July

.

i

;

'ck
8eeabo\c
Jhii l9u;i,»3,,09i.(M)o or the $43,192,000 7 per cents due In
earlier, and outstanding In June, 1897, had been retired

A
.1.

Tr.Co.

Tr
Nat'l Exoh.

A

1

Sept., I9U3

1

A

A

Oct

A
J-

L.

N. Y., Central

saa City St. Joseph A C. B. (Chicago B. A O.) and Chicago R. I. A P.
use the bridge at an annual rental of $16,000 each, under a 30-year
contract from 1894. and Chicago ot. Western from Sept. 1, 1895. for 30
veers; rental $14,250. For year 1902-03. gross, $51,080; net, $35,765;
Int. on bds., $30,000; bal., sur., $5,765. Stock,$600,000.-(V.b9,p i.u
Le 111 jili
Hudson lllver Ry.—Owns from Oreycourt, on Erie
RR., to Belvldere, N. J., on the Pennsylvania KR., 63 miles, Proprietary
lines: Orange County RR. (entire stock owned— no bonds Issued 1, Hudson J unction to May brook. N. Y., on Cent. N.E.Ry. (Poughkeeosle Bridge),
including trackage, a total of 13 miles; y. K. <fe P. RK.. Phllllpsburg
to Kasion, 1 mile; trackage, Penn RR., Belvldere to Phllllpsburg. 13
miles; total oper., 90 miles.
The Central RR. of N.J. and Lehigh Coal A Nav. Co. control the
road. V. 68, p. 568. Btook, $1,340,000; par, $100.
Bonds.— Of the $1,124,000 general mortgage bonds out, $1,062,000 are guaranteed Jointly, priu. and Interest, by the Cent. RR.
of N. J and Leh. Coal A Nav. Co. An additional $1,535,000 are re
served to take up prior liens and $330,000 for extensions or acquisitions of connecting roads. See form of guaranty, etc.. in V. 07, p. 788.
F.VKMNO8 —12 mos., )1902 03
Gross, $131,777; net. $181,303
July 1 to June 30.
51901-02..
..Oroas, 878,815 net, 166,642
Surplus over charges, $ '8,187, against $18,992 In 1901-02.
Annual Report.— Including Orange County KR.— V. 75, p. 1250.
(iron.
Int. tax, etc. Bal., mr.
Tear end. June 30.
Mei.
1902
$166,663 $157,247
$386,876
$9,416
1901
442.251
176.529
172,739
3,790
Lewis A. Riley, President, Philadelphia, Pa.— (V. 75, p. 1250, 1251.)

'91 '92

mam

lii

1

g.

5 g
5 g

706,700
903,700

L886

1

pleted

2

rami.

•

B

5,Oii(),00O

1,500,000
8,500,000
750,000
1,250.000
300.000

....

A

A

6

2,000,000
15,000,000
10,000,000
6,000,000
51.000

1,000
1,000
1,000

5

earnings

600,000
40,441,100
5,000,000
6,000,000
10,400,000
12.600.000
7.900.000
Bee ten.
925.000

l.OOOAc

'93-97 '98 '99 '00 '01 '02 1903
7
7
7
7
7
6>i 6>« 6 y'rly 6>s
The consol. mortgage of 1897 (United States Trust Co.. N. Y., and
John T. Dye of Indianapolis, Ind., trustees,) Is for $50,000,000 of 3>u
per cent gold bonds, tax free, authorised to retire the several issues of
7s maturing from 1898 to 1903 (see abstract In V. 64. p. 1182)
amount iik.- to 843,192,000. and the balance, $6,808,000 for use In re
funding said bond-, and for general nurposes of the company. The
line ami branches— a considmortgage covers 829'54 miles of
erable portion being double tracked— and 181*11 miles of leased lines.
V. 73, p. 1264; V. 75, p. 290.
V. 66, p. 1140; V. SB, p
189)
Guaranties.— As t<> guaranties additional to those shown In table
above see Detroit Hillsdale A H. W. and Fort Wayne A Jackson.
Oknkkal Kivvni is. Nottung has been charged to construction or
equipment account since 1888, the outla>* charged to operating exrisesfor new equipment amounting In 1902 to B1,433,67S mid in 1901
$(,5 C>9,079, aud for construction to *2.97l.9.i2 in 1902, against
$747.v:57, these Items being exclusive of expenditures for renewals.
Profit and loss surplus Jan. 1, 1903, $18,035,138. Low grades permit
average for 1902, 57fi tons, against 530 In 1901.
large Tain loads
There were ontntandlng Jan. l, 1903, $">,000,000 bills payable on account i,r propertlei acquired, v. 76. p. 1026.
In Jan 1903,
B p
one year loan r>r #2 >, 000,000 was made In

Dividbmd*.— )*89 '90

Since

14~>,0OO
•240,000

1,000

18S4

J.

5 g.
5 g.
4Hi

1,124.000
431.0O0

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

is*-,

g.

A

800.000

50
1868
1870
1873
1873
1897
1903

6

5 g

ls*7
1879 500 Ac
1881 500 Ao.
1,000
1890
1895
1.000
1.000
1909
1903
1,000

119

,.

•455.000
30O.0O0

#1,00)
1,000

100
100

i

1st M.. gold, guar. p.

1896
1901

....

"uso.tr . fi . <
) ooup. A reg., $4,762,000 4
*" A
I
$40,000,000, < annuity, $2,538,000 are 4Hjh
107»«.. .«; P.o'AT ....
Mtge. and Col! Trust, g., call at
Oen oonsoL m ti f lSO.OOO.OOO.ROld OP..0*Ar
purchase bond, 8 series, 3345,000 due y'riy
lonal Storage Co. trust oertifloatee
Lehu-li u N. V 1st M g., guar, v. * 1. Wl\*.. CAr 117
Leh. Val. of ELY., 1st BL,g..gU.p.A l.u-nd iGPCAI 283
31
Leh Val. T.-r., 1st M..gold.gu. p.* I., end.Ce.c'Ar
60
fiaston A Ambo\ ,1st M.Kaston to i'.Amboy.gu...
12
No.,1-1 m gold, guar. by LVal.«. Pc*.<r
Beaton .v
22
Middlesex Valley, 1st mort., $600,000. gold. Oc.o*
A- N. Y. Can. A RK.-lst ui., endors. ..o'Ar
Penn
Consols (see text guaranteed p .& l.(end.).GPr
Elmlra Cortl'd A No. 1 -t i>ref. mort., gold..Ce.c" 119

Consol. mort.,

and

I

j

explanation of

L.Tahoe Ry <* 7V.(/o.- 1st M.,g.,$50O,0OOs.f..beg.'05
Leavenworth Terminal By k /;••'</{/«— 1st M., g.fe.
Lehigh d Hud. Hirer 1st M.g.tnt.red'c'dtoSp.O.Ce
2d mortgage, gold
Warwick Valley lMt mort., extended In 1900
2d mortgage.

To

M-

ix»uu i ruuuI.N
I.KI -I OK KIV1DI
„.
_,.
„,.
Due.
Miles Date size, or
Amount Rate per Whoa Where Payable, and by pal, WhenLast
atocka—
Par
of
column headlngs.Ao., see note* of
Outstanding
Payable
Dividend.
Cent.
Whom.
Koad. Bonds Value.
on first page of tablee.

RAILROADH.

—
For

:*<>:*

I

I

Dividends.—

)

'86.

'87.

'88.

'89.

'90.

'91.

\

4

4>*

5

5

5

5

J

I

Since '85.

P. ot,

'92

'93.

5-^4

none
since.

1394

RAILW.W STOCKS AND BONDS.
[Vol. lxxvii.

»

.

RAILWAY STOCKS AND BONDS.

Oct., L903.
RAI1.ROADB.

INT J

-lie. or

Data

Par
of
For explanation of column headings, &c, see uulm
on tlrst page of tables.
Ruad. Bond* Value.

Lehigh Vat.—(Oon.)— Snow

M.uotgu <;P.r

1880

$12,0O0,0OO,g .s.f ..not dru.o'ar
nu I f. »3o.o<M> v'ly.fii*
L. V. Coal tr. otls., +3,0oo,000. oall. (text) tiV
National Storage Co tiii-tccrts
iV 72, p. 141)
Oar trusts, 950,000 due each F. A A
o"

lM'.M

L.V.CoalOo.lst

DfilauuLM

Sh. 1st

M

Do

>

.OOOAC

....
....

1895

925,000 due each P.

"D"

gold, eer

,

d D->lgw%U»

LitUe Miami

M

Bt'k.eom

lsi

vj

.

I

-

.

i

r

92

r

Renewal mortgage

New M. ($3,000,600) V 72, p L84, 241.
1st M
in."
si
L. Rock dt Uot 9p ""'
J., 91.1
Little Schuylkill s<u- in; ~< Ooal
Btoek (rental go.)
,

Long Inland

Id mortgage

1882

84
84
53
32

c
10-to...

o"

Ao
do
do
General mortgage, gold <v
o'
L. I. RR M on ferry for 92,750,000. cold. Oe..e*
Stewart Lino »1. of 1992 for 9600,000, gold.Cc

1901

18

Debenture (91.500.000l gold, not subject tocall..
New York A Flushing 1st mortgago. ansnmod
B'klyn A Montauk 1st M., 9250,000 are*
e.i
2d M., g., aas'd, Bus. stu. to Eastp. A brs e.c
Long Inland City A Flushing 1st M., assumed.. o*
Consoi. mortgage gold, aMtomed.Ce
o'

2

<

1881
lsss
1881
1887
1898
1895
1899

12
19
6

Bay Extension, - 00.000, 1st M asiminrtd
Montauk Kxtin-'n, 9600.000, let M., assumed

N. Y.

,

21

Unified

M

K >m>*

The general consolidated nortgageol 1908 will secure 9150,-

,945.000,000,(1 call

lo

i

I

Mm

c.vr

1

i

WmC

—

(ii utumta
Mlm ira Cortland it Northern RR.— This road, with
the Canastota Northern, runs from Klmlra to canastota and Camden, N Y..1=0 miles Stock. $2,000,000, is owned. V. 62, p. 364,1177
Lehigh y alley Uuttway Oo. of \eu> York..—Owned Buffalo, N. Y., to near
Bayre, Penn., 175 m. double traok. acd branches to Ithaca, Auburn.
in
in all 895 m
ate.,
covered by +i5,ooo,ooo mo tgage of 1890,
but in Mii; 1903. consolidated with oilier subsidiary companies;
total mileage now Is .'5 miles Stock, $7,720,ooj, all owned by 1-ehitfh
Mort»ca»fe ahstract V. 51, p. 114. V. 05, p. 412, 1071; V 77,
Val. RR
Car tiusts. 990O.0O0.
p. 147,972.
Lehigh Yallry Terminal Railway. -Owned double-track road from
South I'lalnrtelil, N.J. .to Jersey Cltv. with about 125 acres at Jersey
City and »
water front th«re. etc. Mer» d In Auir., 1903. with
other sabslMarr oompanles In L V. By. of H. J. having total mile. >:e
of 110 in its #16,45 •."mi itook b [uk »ll owned by Leh. Val. Kh. V.
77, p. 972. V :>;l, p <i.O, 880
Canal. — Leased for 999 years and dividends guaranteed.
Bonds all owned by I^hlgh Valley. 8ee V. 50, p. 137.
1'eiti^tylcania it \r,r York Canal it Railroad.— Leased for 99 years
from Deoemlicr 1, 1888, to I^hl»fh Valley, which has assumed Its debt
and owns all Its stock
lonaoL mortgage bonds of 1888 are reserved to
take up prior bonds when due. The consols Include 94,000,000 of 5
per cents, 93,000,000 of 4s. 91.500.000 of 4»«8. V. 62, p. 950.
Lehigh .* Neie York KR.— Near East Waverly to Falrhnven, on Lake
Ontario, 115 miles. V. 91, p. 558, 750; V. 62, p. 134; V. 71, p. 1311.
Lthiyh Valley float Co. -See "Coal Property '' above.
The Coal Co. trust cerlltlKates of 1 90S (f 3.000,000 authorized) will
beeecuredtn 94,000,000 In value of "antbii.
nul the proceeds thereof: " they aresnhjeel to call In whole or In part b\ lot at
any time at 102 '« and Int. or at par on Dec. 1, 1907. V. 75, p.
Latkst i: minimis. FromJolylto ahc. 31 (2 months), ohai
shown below. Mieliiilln* *10t'.,i)0j for additions and Improvements

no

;

,

.

1

hw

.

Mom*

(

1

agali.
- '" '*

I

in ls»02:

'""•

Vr/.
oih Inc.
Charge*.
Bal., tnr.
«<2,44l,812 *:»<>,-«>_>
142,470
,600 def 241,897
9.068
1,210,043 df. 1, 446,978
Net Income of ooal oo-npanlet additional to above. 1903, against deficit 9466,866 in 1909
AkwijaL Rki-okt.- Fiscal year ends June 30. The report for 1902-03

190J

¥5

was given

-

In V. 77. p. B22, 841

e

also editorial,

in

>903 09

Earning* fiom coal

p.

11,609 706

10.01.
,->i;

9.27^,317

.'119.968

928,482,967

8,62

3,191,«:

...

('<>

1933

t.Rk.

J

'luti

,i

mice,

Hank

1st

of

Nal

Sep

i.k

An

10.

Not.

2,

1919

OO

and Phlla
July
410 Walnut .in \ 15.03,21a
'1
i A N.Y..C.S. Mort.ATr.Co
do
do
do
do
J Uy 1. 1931
A D
do
June 1, 1938
do
A 8.
do
do
Mch. 1. 1929
.lime 1, 1932
do
A D.
do
do
June 1 1934
A I)
do
A
do
do
Mch 1, 1920
v
do
Ml, 1, 1911
do
A D.
do
June 1, 1938
do
A N.
do
do
May 1, 1911
do
do
May 1. 19t7
do
Jan. 1, 1943
do
do
Jan. 1, 1945
do
do
do
Mar 1 I'M

1'

J.

l.ouls
Phlla., Of..
8t>

I

1

'.

J

Lexlii^liui A Km si cr u It).—Ow ns rrom I/exJngton. Ky., to Jackson, Ky., about 92 miles
Operate! Ohio A Kentuokj Ky
Jaokaon,
Ky, to cannei coal fields
Morgan Co., 96 mllea. Stock, 9500,000;
Root*, without foreclosure In 1901 per plan \
par, 9100.
Bo sun. —The nrst mortgage 5s were extended at sttine rate of interest
to Jul\ 1, 1911, the company having the right to cal. and redeem all or
any of them at 102 and interest. A Interest on the k'eneial mortgage
bonds was waived to Aug 1, 1901, interest thereafter to be paid
Feb. and Aug 1, as follows: 2 p. c yearly for 5 years, then 8 p e for
B years and S p. c yearly thereafter to maturity.
Deferred debentures will be Issued from Mme to time for balance of the Interest
not paid In cash on the general mortgage bonds accruing after Aug. 1,
1901, such debentures ($37r>,ooo arentnally) being payable without
interest whenever t lie com pany -hall decide, either In ca-h or R
mortgage bonds, but to DeOOmC pivable Immediately In case any dividend Is declared on the stock Uians payable June 80.1903 $27,850.
Earnings.— 2 months, sl90f
Uroaa, 9124.776; net. 98^,999
July to Aug. 31.
, 1902
Gross.
97,041;
net, 41.411
Year ending June 30, 1903 (119 mile i. gross, $S7i 788; net,
0."H; In erest, $117, 00; taxes, 912.900; rentals, etc., f37, ,«91; bal.,
sur., $50,797.
President, Arthur Cary, I. xi'gt n. Ky IV 7(> p. 542.)
I. line ll'K'k It H.— Owns road In and around Rockland. Me, 11
miles; trackage, 1 mile; total, 12 miles
Stock |4
controlled
by the Km k la ml It ick;ort line Oo. of Maine Bond-. N00,< OOconsol
ref 8 Hrear gold 4s, due Jul? 1,1929 i91,<h>u each), tnl Jan ami July,
at Portland, Me
Year ending June 3 \ 1908, gross, 979,479; net,
$37,9tB; other Income. 92,8^8; charges. 8l«,622; dividends (8 p. c),
Pres , Fred. E. Klchards; 1 reasimr, Joseph
913,500; bal .sur.. $8,711
Remick, Boston, Mass Offloe, Bookland, Hi
l.tnle Falla a Dol e evllle II It.— I.lt tie Falls, F. T., to Dolgesuccessor in Dee., 1903, to foreeloeed road <>r tame;
vliie, lo miles,
name. V. 75, d 4-> Stock, 9250.O00. Bonds, -<• table. PorOmoa.
ending Jime 30,1903, gross. 933 189; net, 97.268; charges, $2,325.
President. Dumont Clark Tr usurer. E R. Wauckel. (V. 75, p. 48.)
Little KhiihwIiii It It. -Parkersburg, W. Va., to Palestine, 30
miles, thence by steamer, 20 miles, to Crestou; total, 52 miles.
The plan for the extension of the IPabaab apatam via the L'ttie
ui was abandoned "for tin- pre- nt
In way, 1903
Bee 7. 79, p.
1030. Stock, 93.Ooo.oO!! anthorl/.e.l; issued f.O ',"• si
in \prll, 1902,
u syndicate representing the Gould tntereatt aoonlred the road. Sec
w'.va a Pitts item, v. 74, p. 777. From NOY. S3, 1901, to fv
1902. gross, $.14,57.'); net. .t8. 840
J. T. i.lair. Prost., Parkersi.urg,
W. \a.-(V. 75, p. 442, 666, 1302; V. 76, p 1030 )
Little ^11
I
Kit.—Owns Cincinnati, ()., to Springfield, O, 84
miles branch, Xenla, O., to Dayton, O, 16 miles: leases, Columbus A
XenlaRR., Xenla, O., to Columbus, O.. 55 miles; Dayton A West. RR.,
Dayton, O., to Ind. State Line, 38 m.; Cln. St. C-on.RR. 2 m.; tot. 195 m.
! Deo. 1, 1869, leased to Pittsburg Cincinnati A 8t. Louis
(now Pittsburg Cincinnati Chicago A 8t. Louis) for ninety-nine years
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees Its faithful execution. Rental Is 8 per oent on $1,943,100
stock and interest on debt. lessee's report show» net loss to lessee:
In 1897, $230,645. In 1898. $222,225; 1899 pro
905.1)89
In 1901 protit. 997,151; In 1902. log
k authorl/ed, $8,000,000. Beginning Dec, 1899. l»per cent extra h as
paid each Deo. and Jun« from the surplus Invested fund, making dividend 8'-'6 per cent vearlv Of the 8*8, 91^858,0
were, on Jan. 1,
Ai.d b] the Penn, BE. |7. 73, p. 341. 1080; v 74. p 4S7J
Little Hock A Hot Sprlus* Western Hit.— S. e
0) t.,1902.
Little v<li ii) Ik III rfawUratlon Hit. A * «>hL— Owns from Port
Clinton to Tatnanend and Heevesdale, 32 miles. Be-leaaed
1. 1896, to Phlla. A Read. Ky. for 999 years, ami rental reduced from
7 p. o. on stock to 5 p. c, gold from Jan. 1, 1S97; In 1898, 5* p. c: In
>*; In
1900, 5; in 'oi. :. K 1903, Jar.. 2K\
s taxes and organ,
expenses, - (V. 73, p, 554.)
I ..-,, n.port
Toledo It) . I.ogansport. Iud, to Hu l.-r. hid.,
91 miles
BOOOCeS O ron Sept. 19, 1901, to Bel River RR.. sol
under
order of Cou t and purchased In the Interest ,,f the Pennsylvania RR..
rated from Jan. l, 902. as a part of the Vandallas.st «n
Obligations due Pennsylvania Co Dec 31, lw03, bearl
'no, a l\ ant
-.. in
at i
ooo; Int. due on advance ,878,941.
"r fl m n end ng Jui
.

m

1

I

1

'

.

I

;

'

am

.

mi

931

+10. lo ,-«4

•us freight
-crs
Mall, express, eto

To Aug. P'/oe

Penn

do

A

J

.OOOAp

000,1100 bonds, bearing iioi
exceed
i"-i cent interest, covering the
entire road, tbe stook of the Lehl ii \ allej Ooal Uo. and other stocks
Owned, A siilllclent amount wil I, reserved to tetlre at or lief le
maturity the out-t uhIhik fixed obligations (exoumlve of ear trusts
minor m ittcrs) am lUntlntl to aliout #94. 201,000, (including
and
the ooiiiterni trust bonds, wblob will be called when convenient, on
payment of winch the general consols will he a first lien on all the
property of the system, except as to $i2,»oo,noo annuity tonds, winch
are a perpetual charge; old bonds may, bowever. be extended f necessary. Provision ma) he made at the time of Issue of honds thereunder for the right to convert into stock at the pleasure of tbe holder
not over $2.">,0oo,ooo at any one time. It is intended to Issue $10,000,000, as requlr* d, on account of advances made and to be mado In
payment of oar trusts matured, etc. additional amounts to be lasui d
for Impr >\eincnts are limited to 12.000,000 yearly, nr such larger
amounts as may be authorized by stmkhoiders. V. 7 7, p. 821
1 he
mort and coll. truil j* of 1S07 are subject to pall at 10" If
t

»

1,000
1,000
1.000
1.000
l.OOO
1.0O0
1.0O0
1,000
l.OOO
1.000

1880

76
76

<

.

for Ins. in Juni
IWO i to IS) 10
Po Ma\ 1,1907
N. Y., j"k""T.'.d A Co.
July 1. I'.Ml

«

/

1,000

lssl
lsss
1892
1X92
1N94

,Olrard

.

Philadelphia.

A A

U M
M A s

1,000
l.OOO

iu.

Phil, (ilrard Trust,

N

,v

P.

50
1878 100 Ao.
1881
1,000

156
163

>

1910
1938
1932
1912

1.
1.
1.

Jan.

do

OOOAc

1899

155
156

Consul, mortgage, gold, 85 ,000,000. Ce

Phil

i>

Phlla..

19u3 100 Ao.
50

....

Dividend.

Jan

da

.lo

A A

M.
I.

I

I

J.

Various

l.OOO

I

gold

<>,
,

I

a

AhwJU-Laat

and by

Philadelphia.
J. N. Y. auu Philadelphia.

1.'

1,000

....

Maritiiiit- mortgage bond*, 9120
Lunngt.it Knit' n 1-tM g.,ext.lu'01,red. 10-<
General inort.. gold Co

Little Fall*

1899

l*. -i*

*542.0<

A

F.

1,000
1.000

<v

dm

to "u,"

A

pal.Whnn Due.

ere Payable,
mlioiu

Payable
J.
J.
J.

1.0O0
1.OO0

/

gold.«;i*

1

lnt M.,i{,

Equip, trust*, gold, doe 92OO.00U foaii]

Out.

| .oo

j'ruio.-

MVIDI

i

Rate per

1,748,394

;

Total

j

roai

Operating expenei

i

a

18,980,100

.

17.9-1,199

—

A

I

•

Nctearnlngs
>thcr Income

95,93«*.7r:9

n-

•

95,70 3,338

ami lmpro\ ements.

D.1U.398

:>.o.'0.31t;

613,405

619.467
105,449

-,,

Miscellaneous

17i'..-i73

Total deductions

$7,167,659

...

91,1

Net Income coal properties...

i

$7 249.909

I.Shh def.$777,910
df.1,098

895.918

Total net Income

9\0'4,329

-

l:

''

,'

,

-

"•

lef.

174, agalnsl

I

I

.

-

'

'

''

'

'

-'

1

95.977.9M

~.~

under oper

Poi

102

UM

exp
I;

- V

i

def-

74. p. 41.)

UB surface roads on Long
Island, adjoining New York City, the system Including
Own*—
('
Which see.) Milt*.
Mxle*.
Leate*I.<>ng Island City to Oreen port. 95
Ry.1 12
Long Island City to (it. Neck.. 14 Montauk Ext. A N Y Bay Ext. 27
Bushwlck to Sag Harbor
99 N vw York A Rockaway.
5
all

StS

:

Sundry branches

..

I

In

under op. asp 836,951; Int.,
LOBxg Island It It.— Operate-

93,007,508 df.91,876,709
?*««»••; 8d V. p .1. a. Middleton; Treas..
1> «;. Halrd. 228 *>. Third St..
Phlla. Exeoutlve
t
ftlr ua
1
5' £ D " B Thomas; Ueo. F. Baker, E. T Stotesbury,
S?™*!
Charles Jl
Steele. H. MoK. Twombl.- and Alfred
Walter
D1 C t
Kd , r T s, "
n .!? -h"T J .* ? lrv, ,e » b "ry .Normtn B. Ke im. looeoh Wharton. Beaurean
Abram Ne*t>itt. ii. MoK. Twombly,
ShUfn t"s ** ?*'rtfe J-,4t., A *^»ns,"" er:
r
K
Ma ' wt>u (; r -" *'• u *»r and
Kobuc l.lp K !nc.'iu°"
-(V. 77,'p. 196, 25 >, 626, 822, 824. 946, 951, 969.)

^Vr^\lV ec 1!H,J
W. C. A derson; Bee.

;

I

and rentals

Net income

14.M2

604,924

Total Income
it

$4.1

Total owned.
Leate*

—

82

n Reach U.. 18
Or'tN>ck A Port Washington. 4
•

290

Brooklyn A Jamaica RR
Total June 30, 190Z
396
10
North Shore Branch RR
108
30 Double track
Stock —$12,000,000; par, 950; of which Penn.RR. owns 96,797.900.
Dividkndb.— 11983. '83 to '90. 'tfl. '92. 'tf3. '94. '»5. '96. None
Per oent.
4>«
4*4
1
4 yearly
5
5
4
4 since.
X

UYMi

RAILWAY STOCKS AND BONDS.
[Vol. lxxvii.

.

RAILWAY STOCKS \M) BONDS.

()<t.. L903.]

RAILROADS.

Miles

For explanation of column headings,
on

Long Inland
Leased

ttrst

page of

(t'onrl'.tled)

Ac., see note*

links. Principal

or intkkkst gcab
<

i

.

&

of

0. L. 1st an<l 2d. 18

to.

-

a

i>.

1

Lou. <e Aik. -l-i \i ,g. fle'Ar, Text.
Louisiana it .\orlh ire.nl fth
First morl
Louitia»a Ky 4 New. l-t M g Pee U
La. South'n— lHt M. g., red. Ht lo:. after I80fl
Louisiana Western— 1st mortgage, gold
Louisv it Atlantic -1st mort., gold, 91,000,000 K
»,(

,

-

«

(

•

«

la

To
125
36

i

45
100
101

I

•

i

'

t

LAN.

MM

1--

l.ooo
1.000
l.OOO
1.000

•

1009

.'.00

1881

l.OOO
1,000

1901

100

500

1896
1895

1,000

100
$1,000

1877
1*79
1,000
1SKO
1,000
1877 100 Ac
1881
,000
l-*o
l.ooo
lsso
1,000
l

is so

481
1,50

lsS7
lsss
1S99
1903
1891
colutii

.

)

)

<

..$1,653,023
$1,090,446

$1,772,056 $1,345,642 $1,281,186
$2,104,744 $1,631,552 $1,557,098
837,280
837,2-0
(860.613
258,701
232.084
J 210.832
1 484,295
322.800
322. 8t0
4,749
{
10,962
5,440
84,126
541,255
195.809
10« ,000

None.

None

None.

snr. $59,494

President, W. H. Baldwin Jr. Treasurer is Robert W. Smith, Broad
Philadelphia.— (V. 76, p. 435; V. 77, p. 298. 824.)
Loulilana A- lluiii.n. lty.— .Se# !Uap.)—\lojae, Ark., to Wlnnfleld. La., 148 miles,
ruder con-tructlon from Wliintleld easterly
to Jena, 3S ml es, and proposed' from Jena easterly to Vldall.), n the
Mississippi Klver. opposite Natchez, Miss., 51 miles, and from Cac ton
southerly to Alexandria. 48 miles. V. 75, p. 135, 1300.
Btock.— Btoek (authorised, $2,25o.ooo. outstanding, $i .750.000.
shares par $luHi). deposit*..! with the Standard Trust L"o. of New York.
Voting trustees 10 year-: William Huclianai', Edward E. Porter, BenJ.
F. Yoakum, Harvey E. Flek and ( harles L. Pack.
Bonds.— Former bonded debt $(100,000 at 6 p. 0. has been paid ff
New Issue of 5 p. c. 25-? ear bond' Is for refunding, betterments, equipnieiit and extensions; total authorized. *7 ooo.oOO. of which .*1 000,
000 reserved for bridges a. ross Blaek and Bed rivers and the balance
limited to $20. 0<
per mile Of complete. rai roa.l. Th- entire am.. unl
outstanding, but 110 part, will l». subject to redemption at 110 after
Sept. 1, 1907
Beginning with 1807 a sinking fund of $.">5,000 Dei annum to buy bonds at 110 or under.
Earnings- 2 months. ) 1903
Gross, $108,869; net, |
July 1 to Aug 31.
dross,
(180J
77,739; net, i
Report.— Report for year ending June 30, 1902, was given at length
In V. 7 5, p. 1299, i30o, showing;
Year—
Muts. dross.
Otifr in". Charges. Ha'an r.
.Yet.
St. Btatlon,

<

<

I

1903
1902
Bros..

97

$532,534
478,542

9160.828
1-2,957

$19,042

$70.0^7
33.001

$109,843
149,956

Wm. Buchanan, Texarkana, Ark.— (V. 75, p. 1 299, 130o,l354.

Louisiana A \<>itli\vc»l Kit.— Owns Magnolia, Ark., to a point
7>« miles sout hot Bienville. 78*6o miles; trackage, Magnolia. to MoNlel,
6'40 miles. Extens.on southerly to Natchitoches, La., 30 miles, 'o
be completed b) J..11., 1804; further extension proposed to Crowley,

110 miles.
stock. $3,000,000 authorized; issued in Oct.. 1903. $700,000, par,
$100. Loans and bills payable June 30, 1903, 9241,144; oar trusts,
97?,387. Trustee of tlrst niiiruavo bonds, People's trust Co., BrookIn, N. Y. I here are also 50-year gold consols at $7..' 00 per mile,
all owned by oompsny
Year ending June 30.1903 (86milesi.
$104,200; net, $74,501; Int.. tixes, etc.. +19,199; bal., surplus, $55,.
998. **en. Man.. J. I). Beardsley, Olbsland, La.— (V. 73, rv 957.)

Louisiana Kali way A 'Suvl^ation Co.— Owns Shreveportto
Maneura, La., 1 ^ I miles Exteus'ou la under construction from Mansura to Baton Rouge, La. 71 miles, and branches from Colfax to
Winndeld, 28 miles. «nd Campti to Chestnut. L.., 14 miles. Also authorized to build New Orleans and thence south to the Gulf of Mexico.

M

M'A:*-L»stDiv.

«

M

J.

1''32

Oct.

1.

Best

l.

Km

l.

ftept

I.

A N
A A.

N. Y., rut-in. r«'
N. Y..K.\Viiitlir<i,
W.Y..B
N. Y., K nit k. Tr
\

Die.

Am

I^oulf

A 8.
A A
A 8.
A
A D.
A O.
A N.
A O.
A 8.
A J.
A J.
A 8.
A 8.
A N.
A N.

I.

g.

1,

July

1,
:.

19*7
1945
19; 3
1950
1921
1941

lelt.

v.

1946

Jan..

I

P. Mllfk'H

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

J.

b.

M.r
H'nl

i

1

I

120 Broadway.
do
do
do
do

8t

LouIh,

d. e.

f, jc.

l,
l.

June

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

New

O.
8.

K
A

.

'.145

.

1

A
A

l

:

N.Y.,Bk...f

35

1

1927

1931

in

NY.,

M A

mort

fled

A

J.

A

5

Mil

an

ggg.

M

S Mort.A
ui

N.Y ,U.8.Mon a

1

6g. M
6g. J.
6g. J.
6g. M
3g. M
5
»

N.Y.U

O.

M
J.
J.

ft-.

e544.000
5,000,000

A

nl

5
4>Dg
5 g.
6 g.

1,
I,

Nov.

1,

Apr

1,
1,
1,

Mch.
Jan.

.

Mch.

1,
1,

M.I.

May

1,
1,

Nov.
July
Apr.

York.

8U

L. Tr. Co.
see foot ii"'>-

1,

1,
1,

Mch

1907
1919
1930
1907
1981
1910
1920
1930
1930
1921
1980
1937
1931
1940
1989
1916

ou next page.

Successor on June 22, 1903, of the Shreveport A Bad Klver Valley
the charter providing also for the ownei ship and 0] ersllon of a
ocean steamships In connection with the road v. 77, p. 30;
Stock authorised, $ 12,OOo,oOO; outstanding July. 1908, $3,842,000,
jar or shares. $1 o
Bonds ises table below) are limited 10 $1
000 total Issue ami ^j:t 000 per mile; 8OOJ000 has also been Issued for
abridge over the Bed River at Aiexamina; $-1,000,000 is reserved lor
Nea Orlean* tern Inals Bee offlelsi statement, v. 77. p. 86; V. 77, p.
President, William Edenbora, 71 Bioadway. n. y vie
768
r M.Ilvil. d Sec. and Treas., t larence Ellerbe. Shreveport, La.- (V.

Ky

,

line of

•

;

77, p 30, 769.)

Louisiana southern lty.—Operates from New Orleans to Belalr
Southand Shell Beach, 45 miles. A reorganization of New Orleans
ern, foreclosed October 20. 1886. See V. 64. p. 83. In Jan., 1901, the
United By A: Trading o. of England acquired over 95 p c. of tin- Stock
and bonds, thai company also OS 1111 n the Keiiilsworth Sutar Kstates,
10.OOO SOrSS. Y. 76, p. 706. *tock, $300.0<>0. par *10«). Dividends In
1900 01. 7 p. c; in 1901-02, 7»u v. o. Year 1900 01 post, $91,780;
net, $39,264; Int. and tax., $19,813; bal., sur., $19,451. -(V. 76, p. 705.)

A

(

.

OWM

l.onUlaiin \» ctern It IC — See Map of Southern Pacific.)—
from Lafayette, La., to Sabine River, 100 miles; Midland to Eunice;
24 miles; Midland to Abbeville, 34 miles; otal, 104 miles. Operated
.

I

Independently, but In connection with Southern Pacific Co. system,
which owns all the $3,360,000 stock.
EARNING8.-11 months, ) 1902-3
Gross, $1,727,810; net, $638,339
Gross. 1.781 789; net, 787,767
July 1 to Mai 31.
S 1901-2
In year ending June 30, 1902, gross, $l,"09,s88; net, Including othor
Income, $942,131; eurp. over charges, $709, 291; amount of net profit
due this company as per lease, $812,182.— (V. 74, p. 268.)
Loulxvllle A At. Hit.— Versailles, Ky.to Beattyvllle Jet 101 m..
of which Miller's
reek to Beattyvllle, 28 miles, opened in Ibo., 1902.
Extension of 55 miles proposed to connect with the Norfolk A Western.
Incorporated In July, 1899, as successor of the Richmond Nicholasvllle Irvine & Beattyx Die KK.; sold under foreclosure Mav 1, 1899.
V.71,p. 238. Stock. $),OO0,0OO; par $100. Bonds, see table. Year
ending June 30. 1903, gross. $179,379; net. $32,650; Interest, $62,143;
taxes, $7,053; balance, def., $37,140. President, James r*. Amsden;
Sec, E. M. Wallace. Omoe, Versailles, Ky.— (V 71. p. 236 )
Loulnville Hrldge Co.— Owns bridge 5,294 feet long over OhioRiver at Louisville, Ky., and about 2 miles track additional In Louis,

<

ville.

Used by several railroads,

P.

<

'.

C.

A

St. L.

Ry., Louis.

A

Nash-

Surplus earnings are paid back to roads using bridge.
Stock $1,500,000 Penn. Co. owned Jan. 1, 1903. $900,000. Dividends. 1896. 6^» v. o. 1897. 7 p. o.; in 1898. 6 p. c; In 1899. Feb., 3
In Mar., 1903, the Court decided that the minority stockholders
p. 0.
were entitled to 8 p. o. dividends since 1890. (V. 70, p. 705.) In
July, 1900, paid 8 p. 0. dividend for the tirst half of 190O and last half
of 1899; May, 1901, 3 p. 0.; Oct 3 p. c; Oct., 1902, 5 p.
Mar 25,
1903. 3 p. 0. In 1902. gross, $306,252
net overtaxes, $154,391.—
ville, etc.

is

Balance

b> pal. When l>ue.

Whom.

*,,,,,

Q.-J.
A.

M
250.000
2.24O.0O0
1,000 000
5 g. M
1. 500.000 See t- it. V.
i0 000
5 K J
3.500,000
M
60,000,000 5 In 1903 r.
M
7
1.7-5.000
6g. J.
8,.' 84.000
8 |v J.
A
7
892,000
3.258.000
4»s g. M
d 1.920.000
6 g. A.

1.000
1,000
1,000,000
1,000
3,500,000
1,000
3,000,000
1.000
f 1,749.000
1.0O0
^1 '.'10,000
l.OOO&C b28 iso.OOO
23,OOo,i..
1,000
1,000
617.0OO
n; balan ce nntfer unl

lss
1SS1
1HH1

;

Renuis.::;;;;;::;:::

p tt)

.

5 g.
5 g.
5 g.
4*1
5 g.

1,60
a --

10O.0OO

00

Bonds.— The ferry mortgage for $2,750,000 covers all the real and per
bonal property pertaining to the company's ferries (34th Street and
jainee Slip). A« to debenture* see pa*e 2 of Sui*. of April, 1895.
The unified mortgage (U. H. Mortgage A Trust Co., N. Y., trustee.) Is
for $45,000,000, secured by a Hen upon the entire property, $28,
0O0.0OO being reserved to retire all prior liens, $8,000,000 for change
of motive power to electricity or other power, If 'eeine.l advisable,
$2,250,000 for other Improvements, and the $4,000,000 remaining,
with any unused balance, for permanent improvements and addition*
at not exceeding $400,000 per annum. Bonds are subject to call at
110 In whole or in part on any Interest day. V. 68, p. 618. Morts. on
real estate, $448,737. V. 76, p. 266.
Guaranties.— In addition to guaranteed bords In table above guarantees 5 p. o. on $650,000 New York Brooklyn & Manhattan Beach
preferred stock as part rental »lno 4^ p. o. on $50,000 P. P. A So. Br.
stock, and 4>« p. o. on $82,500 of the N.Y. & Coney Island stock.
Finances.— In 1903 Atlantlo Ave. (Brooklyn) lmprovemert was
well advanced, the total cost being estimated as about *2, 500,000,
of which one-half will be borne by the citv.
See V. 72. p 788;
V. 64, p. 401); V. 05. p 512; V. 66 p. 471; V. 73, p. 013, 1011, 1207; V.
75. p. 135. 842, 1 4:>; V. 76. p. 435.
In .lull 1002, contracts were let for the extension of Rapid Transit
tunnel [being eoimructed by clt> from Manhattan under the East
River and thence to Kiatbiixli A\e million, Brooklyn. V. 70, D. 80,
185.
AUo in 1N02 the enn. N. Y. & Long Island RR. was Incorporated with$ 0,000,000 stock, to construct ami operate by electricity an underground tunnel railroad as an extension of the Pennaj lvania KK. system from Jersey
lty. and thence under the Hudson
Klver ID a Centra] paaaenger station at 3.nl Hireet and Tlh to 10tb avenues, and elm under the Last River ton connection with the Long
Island KK. New York Connecting KK., see V. 74, p. 830; V. 75. p. 1203
annual Rkpokt.- Report for 1901-02 was In V. 75. p. 1145.
Tear ending June 30- ls'03.
1901.
1900.
1902.
Gross earnings
$0,i4O.ti9O $5,883,007 $4,802,347 $4,557,259
Operating expenses.. 4,7b7,967
4,111,550
3,516,705
3,276,073

Miscellaneous
Reserve fund

eI

$1,000

1882

1887

l.i

Louisville Hndge Co.-Ht.x k
£out«. //. c* M. L. — 1st mort., 68.600,000, gold Ho
I.;:,
Louisv. <t Jeff.Br. Co.—$S,OOO,0O0,g.fr\i. p a ,end.C
Louisville dt .Va.i/irif/e— Htock. *t 0.000.000
CecU.Br.lstM.,< ecll.toLouls.,H.f.,dr. at 1(H) I n e
46
E.H.&N.lstM.. Hend toNasli..g,dr'nat 1 10. < e e
151
Louis. A Nash, geli'l M., gold, drawn at 110.4 c.e
802
L. C. A Lex. '2d ni.s. f. not din, Louis. to Nf \\
175
Gen. niort. L. 0. A L., gold (formerly Os),,yio.c* 175
bds., 8. A N. Ala. RR„'J<1 M. an col. g. V ii.o*
189
Pensacola Dlv., lHt ML. gold (dr'n at 105).F..o"
45
N. O. A Mob. Dlv. 1st M..N.O. to Mobile, g F.c"
141
2d mortgage, gold
*c
141
Bontheast'u A Ht. Louis Dlv. 1st mort., gold
208
e"
2d M.,gold, Last8t. I., to tivansvllle A br....S" 208
lBtM. (50-year 5s), $15,000 p. m., gold Is. ..C 118
1st mort., collateral trtiMt ($7,000,000) gold.. F("
Unified mortgage for $75,000,000. gold.« e.o'Ar Text.
Ooll. trust M., call par alt. 5 7TB., 930,000,000, g
St. Louis property, lnt M., gold. $(i."iu,000
o
alnhands of public-, total issued shown In left hand

Net earnings..

.

(

Bomij-Prtncl-

Where Payable, and

**&•"

'

u.

30

•

.

Total net
Interest on bonds

Amount
n,lt,!t n ,
Outstanding

—

L.I.RR. N.Sh.Br eons.M $l,425,OOO.gu p At
N. Y. B.AMan. B.lst en M.9L 26,00<
.,
|
N. Y. A Rock. B., Ui M. | 94,000, - u p. A 1.4 .P. P.

DlVUn

•»K

Date

of

Road. Bonds Value.

tables.

1397

;

;

;

,

;

(V. 74, p. 481; V. 70, p. 705.)

to

Louisville Hendcmon dc St. Lonli Ry.— Road.— Louisville
Henderson Ky., 142 miles, of which West Point to Louisville, Ky.,
Is trackage
owns also Irviugton to Fords vllle, Ky., 44 miles.
History.— A reorganization June 1, 1896 (per plan In V. 62, p. 138),

21 miles,

;

A Texas, sold In foreclosure.
Skccritieb.— Stock, common, $2,000,000; preferred, 5 p.o. non-oum.,
$2.000.00o. The stock is to be held by John J. McCook, Brayton
Ives and Oscar Kenley, for ten jears, in a voting trust, unless earlier
terminated by unanimous vote ot trustees. See terms V. 62, p. 138.
Of the bonds *300.000 are reserved to build to Louisville.
Earkinos- 1 month,
1903
103; net. $25,716
G
J
July
to July 31.
J 1902
HO; net, 24.755
Report f..r\e..r ending June 30. 1902, was in V.~:>.p.i 199. In
--"-..M-.
net.
Gross
$281,681; Improves
est. 9110,000; taxes. $17, 50O; balance, surplus. $61,8^2
In 19012,
gross, $09 1.. 004; net. $180,294— V. 75, p. 1 199; V. 77, p.
LoiiIkv lie A Jell. r>on\ Me llrldjje Co.—One-half mile long
and the approaches one mile; opened Jan. 1, 1896. Also owns about
lo
re- ot Ihii. in Louisville and 100 acre* In Jefltoson villa Btook.
91,420,1
mortgage is for $5,000,000 (truster i. .-. n iai
N
Had Union liust Co. of Indianapolis); bonds for $1,500,000
r\ e.l for future construction, etc.; the bonds are guaranteed by
the he-Hpcake a (Duo and Cleveland C. C. A St. L. roads, in whose Interest the entire stock Is owned.
See V. 61, p. 559.— (V. 62, p. 84.)
loo i»v lie A >sslivl le Hit.— (Sie \taj> »— Koad. Operates main
line from
inciniiHtt. (>., to New Orleai s, La.. 921 miles. »lth branches.
of the LoulsvUle St. Louis

.'

1

1

i

I

...

1

I

*i

(

—

(

Louis, Mo .M.nph's. Tenn etc., 2,513 miles, making total syst< ui piop. r June
o, 184 3, 3.439 miles
'I he system
Includes :
Liiio SWIMS absolutely or
Rej>ored sei-aralcly.
Milt*.
' Naeh\ Die CI att. A St. Louis. .942
through capital ttork
Miles.
Louisville loHsshvlIle
-ia Railroad system
185
614
Bunrtry other lines
.3,045 HAtlama knoj. A Northern. 228Lints leased, ttc.
556
t; Lie. Ind. A Louis* llle
:h A North Ala.
52
189 Operat. d for other co's
Otherllnes
20 Ov. ned but b ased to otherco's. 21
;..

-t

.

:

|
\

RR

Total system proper

3,439

Up. Psdncah A Mem. Dlv
254
Blnn. South (half sfk owned). 27
Bee this company.
U
Total of all J une 30, '03. 6, 1 33

7
1

RAILWAY STOCKS AND BONDS.

398

— H—

Vol. LXXVU.

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map of Tin:
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.

^Albany

^aS

7
r

.

Oct.,

1

903.

.

RAILWAY STOCKS AM) BONDS.

|

RA1LKOAD8.

Ifllat Date
of
of
For explanation of column headings, Ac, see notes
Road. Bonds
on tlrst page of tables.

fimthrillr—t Contluded ) —
h. AN. and Molt. A Mont. joint lids., 1st M.,g.Ce.C*
Pens.AAt. 1st .M..gold.s.i\dr'u at llOassumed.o'
Kentucky Central MaysvtllS m, Ltl KK. mort.

New mortgage

"*''
( en £

fl.OOO
1,000

T 4 000.000

4>«

g.

M.

1*7,000.000) gold .Tip

M

Flor..v Shelf.. 1st

,

k..ii*.ii.

In

179
160
49
220
106

o*

1900

<

I

1895
L881

«
7

K.

F.

A

.

L887
1887

,

U 1.990.OOO

4
B

Kg.

Own.
1

.11

.

b Also $10,659,000 are pledged to secure collat'l
4J31.000, e $36,000, l*15,000. k$ 122.OO0,

1888

6

A

do
do
In

B'way
A

A Co

5
1

D,
J.

.

1887

-

.v.

17

1889

;

1.000

In Feb.. 10O2, M>ld <'ei Ilia Br.. 40 111.. for *1,< OO.OrO. V. 74. p. 326.
In Apr.. 10O2. aoqulred control of the Atlanta Km>x\ llle &• Northern
Know llle, IV1111., to Marietta, <'a., •_'()."> ullee, with 25 mile branch
and trackage to Atlanta, Oa., 20 mllea, and In Oak, 1808. had almost
oompit t>- connecting line from JsUloo, Tenn., to Know llle, 65 miles,
V. 71. p. 775; V. 75, p. 1038.
glvlug direct line, Cliieluuatl to Atlanta.
OROANi/.ArniN. line opened between Ixnilsvllle and Nashville Vov
1859. For seourltles own«'d mid lu sinking fund see V. ' 7, p 967.968.
late In 1902 the Atlantic Coast
in/ Mlmtiir Count I.iuf.
C'o»./r
$3O.ti00,00O of the
I.lnc RR. aruUlred a majority of the stock (vu
$6O,0< 0,000 OU ktandlng) t>ut the roads will be operated Independently.
V 74, p 830, 103H; V. 75, p. 733.
*c.0.0O0.000 authorized Ir
Increase from * <5 OOO.001)
1893.- V. 57. p. V«»;. 109. In April. 1902. the t:.,(KM).000 stock wai
Issued for Atlanta Knoxvllle & Nor. Ry. and extension. Bee above,
'03
Drv.— ) '83-'87 '88 '89 '90 '91 '92 "93 '94-'98 *99 '00 '01 '02
5
4
4 None. 3^9 4 5 5
5
P. 0. < N^ns 5»Uc5s'.k.
In 1890. of the 6 p. c. paid. 4! ,o p. 0. was In stock.
Bonus.— The Eruim. Heiuier. <t Sothv. bonds are drawn at 110 by lot
annually In October, for payment Deo. 1 In amounts Increasing each
Ave years until $160,000 per year Is finally reached In 1802. $55,000.
The l'i nsncolti IHviaiou bonds are rabjeot to a drawing sinking fund
$5,000 till 1900, Inclusive, then * 10.000, and so Increasing.
The genrrat Wtortgagt bonds of 1880 are called at 110 In In Teasing
amounts each \ear; *327,000 were paid June 1, 1903. V. 76. p. 7' 5.
In June, 1890, the " nnitird " mortgage (trustee. Central Tr\ir.t Company) tor *7T>, ooo.OOO was authorized. *41 917,660 bonds being reserved to retire all prior liens (none of the prior liens oau be extended),
the balance for improvements, extensions (at the rate of *;)•.>, 000 per
he mortgage oovmile. Including equipment), and for other purposes.
Ore (beside* U292 miles of road and Its equipment) $26,033,606 stock
s controlled, and *3, 150, 000 bonds free from an\ Hen.
See
of compHiil.
abstract of mortgage In V. 51, p. 613; also V. 72. p li 34, lis-; V 7
In J ilv. 19»>:t, company reported $47,659,000 Issued, of w Inch
61 8.H97 .000 In treasury or deposited to secure the eolL tru.-t l- of
lOu In -inking funds. 8. e V 74. p. 677.
190:;
i-.ui. <iii< uimit: it i.rxtiKjton general mortgage
bonds are
now limited to *:t. 258.000. V. 88. p. 1010.
Mutnlt if Montgomery Lo %Ut vUli d .Vashcillr joint mortgagr Is for
$5,0OO.ts>O, a first lien on 17hhj miles Mobile to Montgoiuery; *1,000.000 reserved for Improvements. V. 61, p. 196,750.
K'l.iniki, titntral mortgage abstract v. 45, p. 372.
The evil aUrat t mW is of 1903 ($3O,0C0,0C0 authorized Issue) are
secuied bj deposit of * 6.H59.000 L A N. unified 4s (and will be
secured hy £7.341. to ad tit tonal .is received during 11 08), C4.779,< 00
Memphis division bonds, the latter ooverlng the
Paduoali
road rom I'aiiucah. K y., to Memphis. Tt nn.. 2.'. I miles: $2,600,000 L,
leimiiai Co. 1- tV 76, p. 1864), 84,821 000 Bouth a North
,v
N
Alabama 6s and -">(). ,000 Pensaools m Atlantic 6V; tot .1 (36.640,000
bom S. A proportionate amount of the collateral 11 ay be withdrawn
at any time on delivery to 'he trustee Ol not It -- tnan |l,0OO,
000 ol the bonds The proceeds of the 123,000,000 to be Issued In
19< :i will he used to take up tbe$7.500,< 00 collateral trust is paid ofl
April 1 l"03. and the m 15.40" South 4 North Alabama
Ifaj 1,1903 and tor other corporate purposes V.76, p t35,4£
1OO.0OO l.oil-\ llle m Na -hviiie Bontkern Ry. joint bonds
Of the $1
of 1902. $1,563,000 are reserved to acqime the remaining "Monon"
StOi k and t'-M l",0(i() for unpro\ einents and enlargements Of the
'•Monon" at not over *50o.000 yearly.
FlNvSOS since July 1. 1S94. the "construction account"
nas been closed. An. omit ol permanent Improvements charged in
operat ng expenses in 1908-8 nas $2,000,303; 1801 8.81,487,277
In 1902 'be \. ulsxille m Nk-li -tile and the Southern Hail
anapolls A
quired S9.796.900 ol the «10. 00,0001
preferred stock in exvllle sornmi n mid *:> s 78,400 of the *5,0 0.O'
change for tin ir |oint O-yeur 4 per cent bonds on the basis Of 78 for
the common and 80 ior the preferred st ck i>r optionally 60 per cent
of the purchase price In cash. V. 74. p. 1 13s V. '(>. p 593.
Eakmngs. 2 nos.JVOS
Orosu, $tt,042,171; net, *'.7;!0.579
July 1 to Aug 31(1808
Gross, 5,481 ,13' net.
6
Ri port.— Report for 1902 03 In V. 77. p. 947, 9C0; see also p. 888.
Year 1 mt. June 30.
1903.
1902.
1901.
1900
Average mileage....
8 438
3,327
3,169
3.007
Freight earnings... .$2". 57?«,62l $22,772,176 $20,419,162 $20,699,779
Passengers.
7,011,0^7
5.'.
6.^17, )-03
5,742,581
Mall, express, etc..
1,»2-,671
1.S60.464
1.804.2 86
1,782.278
Gross earnings
6*5,449,878 $30,712,257 $28,022,207 *'.'7.742.:<79
Oper. expenses
834*70,813 20.902.438 18,233.033 18.603.406
Net earnings
9, -09.819
II,47)1,566
9,138.973
9,789,176
Net, lncl. tnvsts., Ao 12,» 01.O58 10,810.841 10.493,861
9.789.018
I>e<tuei- raxes ....
$H32,074
$844,474
*813.538
$785,568
5,i>-l...76
Interest and rent...
4,9>s7.0l8
4,996.612
6,1M.7>6
1

,

1

,

H

K—

>

;

1

,

A

1

.

I

.'

:

;

1

Adv'stoS ANA .etc
217,060
257.331
125.342
118,574
Sinking fd paym'ts.
HI 400
141,100
128,900
130,270
(5i 3,<Ou .O<
Dividends
(S)2.875 .r0O (5)2.695.OOO(4>2.1 1 2.00Q

Burp, over dlvid'ds. *3.21 1,048 $1,850,307 $1,586,113 *1.
Officers.— Chairman, Henrv Walters, N. Y.; President, M. II. smith,
Louisville; 2d Vice-Pies.. A. \V. Monies. 120 Broad wsy. N. Y. Directors, Dec, 1902, V. 75, p. 1354. \V. 77, p. 319. 401. 947, 960.)

I,

08, i»e

1)

A

A. Cortland I'r. Co., Port.
Bos. ,2.1 N'afl Bk
Port
J

/

A
A
A
A

A.

P.

A

Boel

lona)

Bank a Portland

1m

Vl>r.

5

3>«

1

June

I

1906

.

July, lHlrt
July. 1917

:

do

J
J.

do

Boston and Portland.

A.

do

.1.111.

i.k.

d0

1933
1920
1921

1,

Auk.

1,

Peb.

Hat

Beetoa, Bee

A.

1.

0. Bejafjer. Treea. Offlee.
P.88 Portland, Me Oenl »1 auk 80, '08, **
s Boa.,2dNat'] Kk a
Nov 1. 1908
a J Port I'd. Me., a Boston. .I'ne 27 .Jan. 29
J. A J
July, 03,2l«%
Dover, Me Ofl
•i.

1

M.
J

a

J.

5

4
5

122,000
175.000

;

Apr.

*

1

i

J.
J.

g.

{

Boat.,

IU%
1946
1951

1,

l.

,

A

>

.

4

J.

Bos.,2dNut'l Kk., Port.

July

bonds of 1901!. Additional amount*; were o wned by the Co. on July
1$609,000,
j*12.000, k$100,CKM).

Ry.,

1,

1,

1.

Let

A

A

4
5
5
2

8 00.000
I

1887
1910
1936
1952

1,

Aug.
July
July
July

col..

N Bk.4
I'ortainl. Me
Ottos.

J

A

F.

4

2.U9.OO0

Boston, old

J

V

4>* g.
4»« g.

4,39-;,53m

100

17

,

6

1.

v.

J.

l-J

B

400.000
2,494.100

A

W..-J.

A7

A

1,000,000
1,300.000

N. V., Office, 13

.1

A

J.

250.(

1.000
1,000

1,

Apr

tru-t

Con

1946
1921
1906

1,
1,

int.

Jan.
July
Auk.

120 Broadway.

.

do

..J.P.Morgan

2OO.000

;

Bept
do

N V

g.

AW A* -Last

ISVII

6(K).(KH)

.">

109

00.000
1,827,000

669.OO0

.

N

g.

4,790.,-SOO

.

i*H00.000are3>DS) gu p. A- Lend. IIH.c
Portland Uu. Station M.,ser. 'A" m "B" text a. f.
Dexti-i
Piscataquis stock 5 p.0. rental 999 years.
is! M
Dfitcr to Diivci, etc., Kiiar. I>y end.BB

N

l.l

(

M

v

In

Whom.

p^y^t,^

600.0UM 5 In 1903
5O0.00O
5 K1. 1 10.000
5 g.
6
4.977.000

\

<

I.

pal. When l>u«>.

Wuere Payable and

'

.

t'nu«l

DIVIDIM--

A

400.000

i.K

A

il.--.-7.000

1,000
1.0O0
1,000
l.OOO
1,000

Value.

L880
No. Alalt id a. '.t M gold, S. f t2.odo.000.
188
189 L886
CouhoI. mort. [for *l 0.000,000), g., auar.Cc o'
1902 l.OOOAc
L. A N.-So. Joint M., $lr\Soo.ooo. red. »f '07
Se. CiitUAOO
iMM VNAl" LIS A 1.
Louisvillr Htm Mb "V <* OkumgO
20
LyKtim 'alley— Stock. Rental pay* 6 per eent
1,000
97 1896
Macon ^ Birming.—\*\ M., $500,000, gold oil. a
•.11
1901
1,000
Muconl>'.t> m8aw. l-t M fl. ".'»>. odd c, red. at 110
IOO
jfuiw en i trui Btooh and scrip i$l3,0t 0,000}...
1872 100 ate
CAi
1st consul, inort.. / ($269,500 Ss)
^304 / 1872 100 Ae.
9 4s)
$9,000,000
j
i*k:(
41
1,000
Oollaleial trust bonds for Ml. Desert Branch A He
1SS.T
l.OOO
Sinking fd. l0-20s, gold, old 6s, est Feb. I, '96. c
1SH6
l.OOO
Improvement bonds, "A," gold) not mort., s. f. N It
1887
1,000
"H"cur not mort., 1. f. lilt
do
Do
56 1893
1,000
Me. Cent. Ku. a No. iin. refunding mort., gold,
» assumed
48 1890
1,000
1st M. Penobeoot shore Line KB
48 1891
1,000
K. A 1.. 2d mortgage (for *4O0.O00) asHitin.HII
100
Am took, i>. 0. rental i)'.';) yt-nn* 120
.* N
European
100
109
Portland a Ogdens. stock (2 i». 0. rental, 999 yearn)
Bo.

IKKKM]

Oiit«V*i..lin«
Outstanding

I'.u

A

Louiiirillr

Nashv.

IN

Size, or

1399

1,

1.

19(3,

1929
vlx.:

I.) kOSU Valley lilt. A CohI Cii.-O.iii. from Mlllersburg. Pa., to
Northern Central Is terminWilllaiHstowii, Ph., 20 miles
Itental #35,000 per annum —(V. 64, p. 330.)
able on 60 days' notice.
III rm I hi: li
Ilv. Owns Soikee .luiietlon to Da
HI StCQI
Grange, Ga., 97 miles; truckage Soikee to Macon. Ga., s 111.
'74 op. def.. $2,260
Earninos.- J mos., / 1903
Gross, 6
Gross. 81.600: op. def , 3.931
July 1 to Am. 31.
s 1902
In year 1902-03 gross, $148,088; def under oper. n|i., $20,919, int.
on bonds. $25.OO0, not paid.— (V. 62, p. 1040.)
tlaniii llubllii A SavRimali It It.— Owns road completed from
Macon to Dublin, 81 miles; projected to Sa\ annah. 99 miles additional,
of which 7 mile* e.i- trom 'uhlin, together with branch from eastern
terminus of Hi. e to Vldalla. 88 m.. oompleted In Jan.. 1902; total. 94
Owned by the 111 .A Ga. Improvement (J*. Of Chicago. V. 60, p.
111.
711.794.873. In July. 1901. made a $1. 500,000 mortgage to the
Amer. T. A Sav Rk <if Chicago as tru-tee V 73 p, 184 Kills payable
June 30. 9O0, +22,963. In vear ending June 30, 190.'. gross, *1 17,953;
uet*20,70.">. Stock $1,250,000; par $100.— (V. 73. p. 184; V.75p .312.)
via
'I ol ne Central It It.— Line of road, Portland to Vancelioro, Me
Augusta, 251 miles; branches. Cumberland Junction to Hkowhegan,
\ la I.ew iston
91 miles; Bath to Lewlstou and Kanulngton, 76 miles;
branches- Belfast, Dexter, Bucksport and Mt Desert, including ferry,
(77 miles). 132 miles; Portland A Ogdensburg Kv., Portland, Me, to
Lunenberg, lio miles; small branches, 7 miles; pper OOOS and HereRidge, Quebec, 108 miles;
ford railways. (Quebec Jrt, N. H., to
IO miles, 49 miles; total.
Bath to Rockland (lucludlng steam ferry,
824 miles, of which 395 owned, 388 operated under 999 year leases,
owned: 33 miles operated under .*)0-ve H leases and 8
and practically
mile- ferry lines Boston
Maine owns $2,516,000 stock.
Stuck.— Htock for*2,51 6.000 owned by Boston <v Maine. V. 72, p. 988.
DiviDKMis -1884 to October, 1903. 6 p. o. yearly.
Bonds.- There are also $81,000 Maine Shore l.lne 6s. due 1922
also $110,000 Belfast A Moosehead Lake mortgage i.ouds, dm
not guaranteed, interest and slnkli g fund paid ut of rental; And
& Ken stock and bonds, $1 1 ,000. exchangeable for M 0, -lock. Joint
ly with B. m Iff. guarantees *30o.o<h> Port QnlOB station bonds.
Annual Rkport.— R»«port for 1902-3 was In V 77 p. 33
1902
1900.
1901
rearaena, ium80: 1903.

am

A

—

'

I

'

,

I

Ume

l'>

1

i

&

<

1

Oroes earnings. $6 fU 1. 160
Net earnings..
13 305
1
.

Other income..
93,324
Net Income. $1 .6'.:> «29
Interest
$643,110
Kent646,876
Dividends
298,575
Sinking fund...
29,440
1

Charged

ofl

....

$6,194,305
1.425. lfO
156JH57
$1,579,. 23

$043,110
545. H76
29S.566
29.440

$5.8 v 6,401
1,666.717

134,535
$l."M'l... 3
$601,222
592.922
'54

29.UO

— (V. 75. p.

$108,6*8

$1,7

$584,870
646,526
886,544
29,440

200 000
$76,115

._.

.1*7

""

:

Kal.,snrp.

$5,612,923
1,711,248
744

$62,031

M

148

609, 102 8;

V. 77, p. 695. 7H5, 821.)
re lice It It.— Owns from Manchester, N. H..t0
.TlBi»<lie>.ler A
Leased for
years trom Keiilemlier
Metlieen istate Line), '' - '4 miles
In l-9"> a
1, 1887, to Boston m M ,ine at rental paying 10 p. 0. dlv.
dlv. of 50 p. 0. paid from proceeds O. <fe M. suit— iV 73, p. 1264.
tin iihii iih 11 It). (Flevaled).-KoAi)- Owns all the ilavated railroads in borounhsof Manhattan and the Kron \, NY. 'ity, main line
ami biam Ins. 37L.2 miles, douided tracked, with 11 mQes additional
V 70. p 176. «<3 Lit.* In 1902 began using
third track, sdlogs. etc.
electric thim-rail on entire system. V.75.p
Inti rl orough Rapid Transit Co. Uass.s the read for 909
i: \-i: .- The
rom April 1, 1808, the rental from April 1, I903. to Jan.
in 8.
to be >; per cent per annum on the stock and 1 po» cent additional If
earne<l. and alter Jan. 1, 1906, 7 per cent; also 610,000 yearly for extof organiza'ion. Of the $1 ,000, ono new Btuck authorised In
000 was subscribed for at par by atoekholders; the
Jan. ).'
rem 11
100 Is not to be Issued pi lor to Jan.. 19o6.
V. 75. p.
1202. 1854, 13o2; V 76. p. 2 2; also In'.ruibaii Kapld Tra- sit <•, V.
7(i, p
101.
Form of guaranty. V. 76, p. 4-0.
BTW k.- In Jan.. 1903, authorized to be Increased from $ts,oO0.0OO
-*.6i7.
to $60,o00,00O. See also 'lease" above. V
Bonds.— Consolidated mortgage (trustee, Central Trust (o.) Is limited
on present mileage to $40,000,000, and will provide for prior
when due. Amounts beyond $40,000,000 may be Issued for extensions
at the rate of $30u.0O0 per mile of single and 8600,000 per tulle of
louble track. (Bee abstract of mortgage In V 51. p. 24s, and application to New York Stock Exchange In V. 52, p. 353 )

Lau

M

1

1

.

(

iiad been paid as damTo May. Is9s. elairu* aggregating 88,847,8
ages te abutting property and other asea were before the courts. See
Personal property tax
Chronicle, V 66. p. 954, and
rent, see V. 66. p. 954; V 67. p 222. V 68, p l->2, and V. 71,
p 1120, Taxes In litigation Jan., 19< 3. per balance -beet, $2,134,
547. of which about half was settled In Jan., 1903. V. "1.. p. 212.
Dn ii.iM.s.— >'87 '88 '89 '90-96 '97 '98 '99 1900 "01 02 1903
4
4
4
4 Below.
Since '86. P.Ct \ 6
5
5»«6jTly. 4»s 4
In 1903. Jan.
p c Apr. I* p o for 3 mos ending March 31,
190*. and 1 p.
additional for the 9 mo*, to tha« date; July.
As to dividends payable under
Oct.. Ujpo. See V. 76. p. 1219.
see above.
•

m

I

;

1

r
.

RAILWAY STOCKS AND BONDS.

1400

INTEREST OR DIVIDENDS.
When Where Payable, and

RAILROAD8.

Miles Date 81ze, or
For explanation of oolumn headings, Ac, see notes of
of
Par
on first page of tables.
Road. Bonds Value.

Amount

Rate per

—

Cent. (Oonel.)
'leref. Rystk. (rent 999 yrs.)
1st mortgage, guar. p. A 1. (endorsed)
stock, 6 p. c. rental 999 years.
1st mort., guar. p. * L (endorsed)
Extension M., $21,000 p. m., guar. p. & l.(end.)
Dexter A Newport, stock, 5p.o. from Nov. 25, '98
1st M. (old 6s refund. In 1897) gu. p. & 1. end.*
Eastern Maine, stock, 4^ p. ot., rental 999 years
Varieties. A Law.—Stock. lOp.c.ren'l till 1937. B.AM.
Real estate bonds (not mort.) Int. gu. by B.A
Manhattan Elevated.—Consol. stock, $60,000,000..
Metropol. El. 1st M., $600,000 p.m., ass'd.g.ov.c"
N. Y. El. deb., secured by consol. mort. of 1890.
Manhattan Elevated consol. mort., gold Ce.o'Ar
Manit. Mnrq. rf North'n— 1st M., $1,500,000, gold.
Man. <& Pikes' Peak hy.- lstM ,$500,000, g yi pi

53
53
55
22
33
14
14
19
22

Upper Coos RR.

Mc

M

37
18
32
32
53
9
49
34
43
40
84
84
37
23

,

—

1890
1890

1.0O0
1,000

100
1897

100
100
1,000

100
* A $

1878
1886
1,000
1890 l.OOO&c
1902
1,000
1891

1900
1886
18»5
1882
1901
1901

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

100
1891
1881
1889
1889
1889
1881
1897
1899
1902
1903

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

100

By.— (Concluded.)

Auncal Report— Report for year 1902-03 was given In V. 77, p.
348. and report for year ending Sept. 30, 1902, In V. 75, p. 1085.
Tear end ng June 30—
1903.
1902.
1901
Gross earnings
$12,208,337 $10,665,911
$9,416,887
6,747,540
Ket over operating exp
5,147,326
4,163,658
Other Income... 7..
346,859
625,800
836,383
Interest, rentals and taxes....
2,820,859
2,699,671
2,677,706
Dividends
(6 *13,546,000 (4)1 .ggOjOOO (4 )1.920.0 00
Balance after dividends.. sur.*727,544sur.$l, 1537455 sur.$402,335
Yr. Sep. 30. Passengers. Yr.Sep. 30. Passengers, Yr.«ep.30. Passengers.
1890-97.. 183,184,641 1898-99.. 177,204,558 1900-01.. 194,152.316
1897-98.. 179,728,356 1899-00.. 183,788.851 '190102 223.427,283
—(V. 76, p.382, 480, 542, 705, 752, 919, 1249; V. 77, p. 147, 348.)
ITi a i) l»m la u (Elevated) By.—See preceding page.
Tflanintlque ITIarqnette A Northern BB.— Manlstlque, Mich
on Lake Michigan, northerly to Shingleton, on the Dulut h So Shore &
Atlantic, 40 miles, with branch to McNeil's. 13 miles; V 75, p. 185.
To operate a car ferry (to be opened July, 1903) between Manlstlque and Northport, on the Traverse City Leelenau & Manlstlque
RR., to be built from Northport to Traverse Citv, 30 miles, as an extension of the Grand Rapids A Indiana Ry. V. 74. p 776; V. 76, p. 810.
Stocks, Bonds, Etc.— Stock, $2,000,000, all outstanding. The unissued 5s of 1902 (authorized Issue of $1,500,0(10; Union Trust Co of
Detroit, mortgage trustee) are applicable to an additional car ferry,
•equipment, improvements, etc. V. 75, p. 185. For year ending Dec. 31,
190.2. earnings including operations for 4 mos. to May 1 by Man. A
Northw.Ry. were: Gross earns.. $112,871; net, $37,222 President, R.
i

I

i

1

,

Metheany.— (V. 75, p. 810, 864.)
Pihe'w Peak By.— Manitou, Col., to summit

R. Metheany; Sec'y, B. B.

A

Iflaultou

of
Pike's Peak, 8 9 miles, standard gauge. In Oct., 1903, au extension
<to be electric) from Pike's Peak to Cripple Creek, 9 miles, was
under c mslderation. Operated from April to November, yearly.
Stock, $500,000; par of shares, $100. In Oct. 1903. all coupons due
had been paid. For year ending Nov. 30. 1901, gross, $88,142; net,
$37,550 Interest on bonds. $25,000; taxes, $1,689; bal.,-sur., $10,861.
President, C W. Sells; V.-P. and Treas., Z. O. Simmons; Sec, J. B.
Olaeser. Otfice, Manitou, Col.— (V. 71, p. 646.)
;

fflarleopa

A Phoenix A

Salt

Blver Valley

BB.—Maricopa

to Phoenix. Ariz, 36 miles Tempe to Mesa, 7 miles; total. 43 miles. A
consolidation in Dec., 1895, of the Maricopa A Phoenix RR. and
Phoenix Tempe A Mesa Ky. Stock, $ ,000,000; par, $100; of which
Southern Pacific Co. owns $510,000. Bonds of 1895 have a sinking
fund of +6.000 annually after 1900. V. 67, p. 1357. Year ending June
30, 1902, gross, (158,185; net, $46.08:4; Int. on bonds, $3 i.300; taxes
$5. <;."><>; bill., but., 94,138. Prcs., Francis Cutting; Seo. and Treas."
F. 1. Kendiill, Crocker Building, San Francisco, Cal.— (V. 67, p. 1357 j
Tflarlcttii < oliiuibiiH A Cleveland
Owns from Moore's
Junction to Palos, Ohio, 42-08 miles; branches, 7 42 miles; trackage
to Marietta, 3-20 mile*. Successor on Nov. 1, 1900, to the Toled< A
Ohio Centra] Extension BB., foreclosed. V. 71, p 810, 1012. Stock
For 8 mos. ending June 30,
authorised and outstanding $250,000
1901, gross, $48, "14; dcf. under oper., $6,646. Pies., I). I. Roberts, New
York; Treas., James T Blair, Greenville, Pa.- (V. 75, p 66B, 7»3.)
Maryland A PemiMylvanla
Baltimore, Md., to York, Pa
80 miles, with branch, Delta to Peach Bottom, 4 m. V. 72, p. 339.
Stock ahi> Bonds- stock authorized, $3,«<>0.0o0, of which $ ,997,500 reserved for future requirements. In 1902 the authorized issue of
the first 4s was reduced from $2,700,000 to $1,200,000, of which
$250,000 are reserved to retire the York and feach Bottom 5s and
$400,000 additional for future purpose*. V. 74, p. 94, 427. York and
;

BB.—

-

UK.—

,

Peach Bottom, "A," bonds are for 1 17,500. intercut A A O.; "B" bonds
$202,450, Int. M. & N. In 1901 3 p c. paid on incomes; In 1902. 4 p. o.

6DM

ending Aug 81, 1903. gross, $163,450; net,
KiiiMMiK For
$52,^44: charge*, 617,200; balance, turpi us, $3 i,994.
Bjefost. -Repon (or rear ending Dec. 81, 1903, in v. 76. r. 477,
nliim.il: irro
et, 676,640; Int. on bonds. $7o,49»; bal.,
Pres.,Jolin Wilson Brown. -(V. 76, p.
ur., $0,142.
»ln*on CitJ A Ft. Dodge lilt.— get Jtlni> < lilcago Great
Western.)— Owns road from Mason CltJ la co Lehigh, la., 8H miles,
and branch, 4 miles. In Mar., 1901, Chicago drcat Western inter
est* acquired all the stork and bonds, and extended the line north.Mason
Manly Junction, 10 miles, and
erly from
U)
OK]
from
Hampton to Clarion, :io mile*, at connections with
an extension toutbweaterly to >maha is to
the Chicago (ireat Wr-t
903, and one Is lo be bull to Sioux Clt\; the two
beotemd Nov.
CO. W. branches from Ha] Meld, Minn., to Manly .let ., la., 49 miles, and
from Waverlej to Hamilton, la., 43 miles, transferred In Mar., 1903, to
the M. <;. A It. D. KuiMMMJ will extend the road as thus proposed east
erlrto the O. G. W. mala line. The toad is operated as a pan of the c
system under an agreement dated Apr. 1 1901, runiiliikr for 100
<;.
years, providing that all n. t earning! above i per oeni ini« reel on new
bonds 'o be Issued shall go to the latter, the stock to be exehaiiced for
Ohio <*t WCt. in common stock, dollar for dollar. V. 78, p (36
In Dec, 1 '02, new stock and bond, had not Imcn
722; V 77, p. 640
issued in pear ending June 80, 1903 (121 avei tg< miiesi, gross, $450,835; net $234,241; taxee, 613,000.—<V. 7:i,p tH6)
mn «.»« |>|i| Valley It y — Province Line to l.rnoxvlllo, (Jjio.., 31
miles, with branch, 8m trackage to Bherbrooke, Que., 8m.; total, 40
miles. Leased for 9«» years from July 1, '70, !
i A
eaa-

47V

.

,

;

1

,

1

W

I

$800,000
800,000
350.000
350.000
693,000
122,000
175,000
200.000

1,000

100

1892

Marietta Vol. <t C lev I'd -1st
$250,000, gold.K
Mar. <t Phtrnxz <t S. Kir. V. RK.-M.& P. 1st M. g..c
MAP. A S.R.V.M.,g., $750,000 (V. 67, p 1357). K.c
Maryland dt Penn.— York A Peach Bot, M. (teit)
1st mort.. $1,200.000, gold, call at 105.ITleBa.c'
Inc. M.. $900,00>>, 4% cum., call at par ITlBa ..
Ma»satri)>pi Stock guar, same div. as Conu.APass.
Meadtille (Jimneaul Lake, d Linexville —1st M
Mexican Cent ral— 1st M. (unassented) lnclu. scrip
Consol. mortgage, $32,000 per m., gold.BB.c'.tr 8,689
lstcons. Inc. A scrip, n. -cum. ($9, 600p.m. ),g..\ Bo' 2,689
2d oon.lnc.$6,400p.m.red.at50% to Aug.'29A Bo' 2,689
Registered Income bonds and scrip, unassented.
Equipment bonds. $50,000 callel yearly at pur.
....
do $50,000 y'ly Oct. 1); re 1 102>shcg.'10OB.e
OolLtr. bonds, g., sec. by oons. 4s, call par. ItlSic*
Coll. tr. deb. certs., $6,3o0.470, red. par text.

IHanliattan

$100
1890

.

;

,

1,000,000
274,000
55,200.000
10,818,000
1,000,000
28,065,000
1,100,000
500.000

M.
M.
M.
M.
M.

4

4
6
4

A
A

-

250.000
540,000
78,000
249,950
5
550,000
4 g.
900.000 4 In 190*2
800.000
6
5
200,000
287.000
(7) 4
66,678.000
t g
20,563.400
3 g.
11,282.000
3
367.200
3
700.000
5 g.
800,000
5 g.
10,000,000
44*.
A
it.
See text.
-

:;

_'

1

,

'

Stocks— Last
Dividend.

N. Portland, Me. Cent Of. lNov.,1903,2%
N. Boston, 2d Nat'l Bank. Nov. 1, 1930
Portland, Me., Office. Nov., 1903, 3%
Bost., 2d.Nat. Bk.: Port. May 1, 1930
May 1. 1930
Portland, Me., Otfioe.
Treas'rsOffioe.PortlHnd July. "03, 24%
Seo. N Bk.,-<0B.A Portl. Sept 1. 1917
Rocklan Me., Otfioe. Nov., '03.24%
Manchester and Boston. Nov. 1, '03, 5%
Boston, B. & M. RR.
Jan. 1, 1922
N. Y., 195 Broadway.
Oct 1, '03, 14
N. Y., Mercantile Tr. Co. July 1, 1908
N. Y., Mercantile Tr.Co. Moh. 1, 1916
Apr. 1, 1990
do
do
,

A N.
A N.
A N.
44
5
A J.
M. A S.
4
44 M. A N.
M. & N.
10
J. A J.
4
See text Q.-J.
8* J. A J.
M. A 8.
4 g. A. A O.
g M. & N.
A. A O.
i
5 g- M. A N
6g. VI. A N.
5 g- .M. A N.
.1.

Bona* - princiDae.

pal, When

by

Whom.

Payable

Cent.

1

Maine

[Vol. lxxvii

'

I

May 1, 1952
1, 1909
Nov. 1, 1940
N. Y., Farm. L. A Tr. Co. Nov. 1, 1916
Deo. 23 1925
do
do
Apr. 1, 1932
Text
M A S. N.Y.,Brown Bros ABalt Mch 1, 1951
Apr. 1, 1951
A. A O.
do
do
F. A A. Boston. 8. D. A Tr. Co. Auir. 1,'03,3%
J. A J. Mer. Nt. Bk, Meadv.Pa. July 1, 1921
J. A J. Boston, SafeDep.&Tr.Co July 1, 1911
do
July 1, 1911
J. & J.
do
July 10 St Louis, when earned. Jan. 10. 1939
Jan. 10, 1939
July 1, 1911
July 1
Apr. 1, 1917
A. A O. 01.Col.T.Co.,Bos.ALon
A. A O.
do
do
Oct. 1, 1919
Feb. 1, 1907
F. A A. St. Louis & New York
A.

Union

Tr. Co., Detroit.
See text.

N. Y.,

Knick. Trust Co

Oct.

j

A O

Oct.

1,

1909

•ump8lo Rivers RR. Stock, $800,000; par of shares $100; dividends
payable Feb. and Aug. 1. Dividends formerly 5 p. o; 6 p o. since
Jan 1. 1897. Of the stock. $400,000 ownedby the Conn. & Pass. River
is deposited under Its mortgage and
$50,000 Is represented by
Connecticut Trust A Safe Deposit Co. of Hartford 5 per oent trust oertifloates.

(See

Supplement

of October, 1901.)

ITIeadvllle Conneaut Lake A Llnenvllle.— Meadvllle to Llnesvllle, Pa., 21 miles, and branches, 2 miles; total, 23 miles.
Leased to
June 8, 1989. to Pittsburg Bessemer A Lake Erie RR.; rental, 25 per
oent of gross earnings. Stock, $200,000; par, $50.

ftlextcan Central By. Limited CUexIro).— (See Map.)—Operates a standard-gauge road, the main line ext nding fr.im Mexioo City
north to Juarez City, with numerous branches, etc., viz.:
Owned Miles,
Owned Miles.
Mexico City to Juarez City.. 1,224 Other branches
360
i

Mexico to Rio Balsas
181
Chicdlote to Tatnpico
407 Mexico Union Ry
11
Tatnploo to Trevlno
388 Bar extension (Tamplco to
Branch, Irapua to Ameca .. 217
La Baira)
6
Branch, (iuadalejara to Tuxpan
120
ToUl Jan. 1,1903
2,915
In June, 1901, the Monterey A Mexican Gulf RR., Ta-nploo to General Trevlno, 388 miles, was acquired, and Is being extended from Paredon to the San Pedro branch, about 150 m by which will be reached
the main line at Torreon.
Extension is building from Lecherla,
near City of Mexioo, to Velasco, near Tain plco. 225 miles, to be comthis including the Paehuoa. Zaoaultlpan ATampleted by end of 1904,
pico Ry. (purchased), extending from Sandoval to Apulco, etc., about
62 miles, the unconstructed portion carrying a subsidy In 5 percent
ihe Mexioo
Mexican Government silver bonds at $10,000 per mile
CuernavaoaA Pacific Mexioo to Balsa- River, 181 miles, was acquired
by deed on Nov. 12,1902, and extension is projected to Aoapulco.—
(V. 73, p. 337, 957; V. 74, p. 729, 1035, 1196 V 75. p. 981, 1203.)
,

;

Organization.— Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Government Debt readjusted In 1889—see V. 48. p 191, 292. 327. See
In Mar., 1901,
also Mexican Cent. Ry. Securities Co., Limited, below
a syndicate headed by H. Clav Pierce of St. Louis acquired a majority
V. 72, p. 627, 873; V. 75. p. 29; V. 77. p. 299, 401.

of the stock.

Subsidy.—Jan. 1, 1903, there was left of the subsidy in trust $1,812,794, to boused whenever necessary for the payment of principal and
Interest of the consolidated mortgage bonds. Under Tarapico Harbor
concession for a depth of 20 feet, has reoelved $2,934,600 of 5 p. o.

Government bonds.
Stock —Stock authorized, $25,600 per

mile; outstanding, $47,962,-

$100 shares.
Bonds.— Of the priority bonds $1,403,000 were paid

100, in

off

with proceeds

of subsidy collections. Interest ceasing April 10, 1891;

the balance,
held as an Investment by the trustee of the consolidated mortgage. See V. 52, p. 390. The consol mort., 4 p. c, covers
the entire property, all old firsts deposited, and the subsidy earned and
to be earned. (See abstract of mortgage In Chronicle. V. 49, p. 177.)
Both series of Incomes are non-oum. and secured by one Indenture to
the American L. A T. Co. of Boston. First Incomes received 3 p. c
none since. V. 72. p. 627, 880.
interest In 1890, 1891 and 1892
Iu 1903, in addition to the $66,678,000 consol. 4s shown above,
$19.374,<»00 bad been certified by the trustee, of which $1,775,000 are
held as collateral for equipment bonds, £1.000 0>0 were purchased
by trustee under subsidy trust fund, $16,129,000 were held
OOl'
lateral for 4i.j per cent bonds (see below) and 1 470,0 JO were owned by
the company. V 71, p 1220.
In February, 1902, the oompany Issued $10,000,000 collateral trust
6-year4 ,fl per cent bonds, scoured by $16,139,000 consolidated 4s,
held In the treasury, the proceeds of which were used to retire the
$6,000,000 not.-.- issued In payment of Monterej •<- Mexioan umf BB.,
the balance to be applied to 1*50 mile extension of that road to main
line, pa\
nt of about $2,000, '00 Moating debt, Improvements, etc.
See V. 73, p. 957; V. 74, p. 205. 72s, v 7 ., p. *9.

$5,597,000,

Is

;

H

i

Plan to Kktiue scomks.- In Aug.. 1908, a plan (V. 77, p. 350,401,
was issued through Ladenhorg, Thalmann * Oo., proposln to
I

511.)

i

ool ateral trust debenture oei tlfloate-1 , bearing 3 p. o. ilxed
\ch inge tor the Inoome
for 8 years and 4 p. c thereafter, lo
is, the holder* of the aral oonsoL Inoomes to receive 98 p o of the
b
face value ti
f In the new c. rtllloates, the h tlders of the 2<i eon sol.

f:1ve

5-year

•

Incomes and registered incomes to receive 14
c; the certificates to
be secured b\ deposit of th» lUSOmen 10 "'\cliauge subjec to the
light of tbe company to exohsnge for the latter other existing bonds.
The Immediate requirements for new capital, it was stated, *ould
aggregate $10,000,000 for double-tracking, general betterments and
new equipment, and this money, 11 was said, would be provided by
stockholders If the plan went through. As to the etleet on tie lliiancs
of lie company of the 50 cent dollar proposed in 1903, see V. 77, p.
|>

I

.

I

511.
Opposition Ortnnnittrr*. -A committee K. Kolllns Morse, Chairman;
Ifanbattao Trust Cu., N. V., and Adams Tru-t t\>., Boston, depositary,)
requested deposits with a new to obtaining a better offer for theb .ndholders. 7. 77, p. 769, 951, a committee (BenJ. ". Tra y. Chairman;
Continental Trust Co., N. Y., depositary,) also requostod deposits. V.
77, p. 824,
;

i

our., tm.;.|

RAILWAY -Tuck- AND BONDS.
I

in
i

—

cr

KAILKOAiJtt.
Date Size, or
of
Par
of
For explanation of column headings, Ac, see note*
on first page of tables.
Road. Bonds Value,
Mex. Cent. Ry Securities Co ,Lim.— A deb. stock

B

AND BONDS.

KAlLWA'i STOCKS

1402

deb. stock. 4%,

cum

lien. £1 .2'

M

.

Cent.

g.
g.

4 g
4 in

—Htock

100

1st mort., U 8. gold coin. ».f not called Tio.o*Ar
Mexican RaUwajf, /.imi/ed— Ordinary shares

1,000

1890

£10
£10
£10
£10

1st preference stock, 8 per cent
it cent
Perpetual 8 per cent ilebenture stock

2d preference stock, 8

I

Mexi-an So. a*y„ /,>;«. — Ordinary shs., £1,000.000.
1st M. 4<\ deb. stock, U70O.OO0, red. 110. (Text)
2d M. 4% deb stock. £600,000 red. at par, DO y'rs
Michti/nii Cintrnl Stock
1st mortgage, tlS.0O0.000. gold Ci
©\tr
M. C. Michigan Air Line, 1st mortgage, fin.. oAr
M.C.lst M. on Del A- Hay Mty i*4.oo0.oOOi Ua.e
do
bonds wf limit coupons.
do
M. C. 1st mort on Orand Kiver Val. KK.l'n....
M. 0. 1st mort. on Kalamazoo A B. Haven l"n.
M. C. 1st M. Term. $1,500,000 (V. 64. p. 880).c.fcr
Mich. Cent. 1st M. on Jack Luna Saginaw, g ,c Ar
Jaok.Lans.A 8au. stock, 3 pc. y'rly, fimr by end

1896
1896
1009
1890
1881

Jollet

perpetuity..
l.

end ..tip., o"

I.

.

a Exclusive

1 to

Aug. 31

cur.

)

(S mos.-

l.-.-.o.ooo

2.0O0.000

491,200
290.000
42

MAS.
A

M.

do
do
Sept.
O wu'd by Na. RR.of Mex.

1

3.289,021

$2,567,115 $2,744,297
2,937,276
2,738,204

df.$49fi.4n3 df.$370,16l
........
Balance
370,161
500,000
Sabs'yao'tlnU.S.our

$2,704,871
2,604,873

sur.$6,093 8ux.$99,198
None.
49,223

$6,093

$3,597

Result, sur....

$148,421

Chairman of Board. FT Clay Pierce Pres't, A. A. Robinson
VicePresident and Comptroller, Gabriel Mortou.
Executive Commute*: U.«'ia* Pieros (Cimirnian of Board), Brec' e- rld^o
J'.ne-. A. A. R-b ns n, (lahrlei Morton. Jame- Piper, F. U. I'rluce, ('. I). Simpsou. H->en Kensrda K S Posaaad 1.0, Van Blarcom.
Directors, May, 1903, V. 74, p.
Otlice, 422 Olive St.. St. Louis Mo.
988; V. 76. p. 1030.— V. 77, p. »2t, 951, 4ul, 511, 769, 1.225.)
xicmii Central lly. Si-en rlt»e« Co., Limited.— This depos
.Tii
ltary company was formed in 1899, per plan In V. 68, p. 331, to acquire
the 4 per cent consols of the Mexican Central Ry. " and to Issue In their
place two classes of securities." The share oapital was raised by a pay
ment o' £2 for each +1 ,ooo bond deposited, for expenses, etc. Each
$1,000 bond deposited will receive £102 "A" and £102 "B" debenture
stock, constituting a first and second charge respectively upon the
deposited securities, both secured by the same deed of mortttatre to
Right Hon l^ird HUlingdou. Right Hon. Lord Revelstoke and H. W
Snuttaen, trustees. Frederick M. Spaukie, Seoretary, 3 Oracechuroh
Street. London. E. C.-(V. 68. p. 331, 524.)
tie x lean
iileriiallonnl Kit. — [See Map, page 9.'i).— Owns In
Mexico a standard Katiife road from the cemre of the International
Bridge over the klo Grande between Eagle Pass, Tex. (where connection i" made *ltli the 8 uthern Paoldci, and Ciudad Portlrlo Diaz, via
Torreon. on Mexican Central, to Durango, 540 m., with branches, 90
;

;

i

new bran h,
in.; Keata to Monterey, 72 m.; branch to TlahualUo, 43 m
extension Durango to Tepi-huanes via Santiago P'pasquiaro. 135
miles completed in 1902: total. Hl-0 inlles. Extension proposed to
Mazatlan. on the 1'acltlc Coast Organized under laws of Connecticut.
In April, 18 2, ontrol of the road ($15,786,100 of the stock and
Income bonda)
all of tae 94,499
taken ovei by the National
per plan V. 73, p. 784. See V. 76, p. 1192.
RR. Of Mexico
Authorized 920.000.000; Issued Jan., 1903, $20,708,200.
9TOOK.—
Bonds. — In 1S'.»7 reorganized, reducing fixed charges on 659
miles from $605,360 to about $448,050.
Of consol. 4s $3,017,000
were in Jan., 1902, reserved for extensions at $10,000 per mile and
Improvements. Tbe total issue of tonsoli Is limited to &i6,ooo,ooo.
The National KK Oi Mexico under Sgreement of June 30, 1902. has
stamped 95,61 ,000of he oonsolsas guaranteed, prlnolpai an Interest,
these bet us also intdeot to call at 86 and interest on or betoro Mar. 1,
Of the consols, *3,000,000 are deposited a* ool1907. V. 75, p. 185
lateral for tb-< National Kit. <>r tfezloo •> p. (-.notes. V.77,p.769
Prior lien 4'
,p 151.1071. Consol 4s of 1897 listed jn N.
Y. Htock Bxohangs Feu.. 1898. Bee application In V. 60, p, :u 1.
paid ror 19 2
4 p c,
v. 7o, p. 762.
Dividend 00 Incomes,
Earnino* Mix cur'cy >1908 ..OroM( 94,8C0,237; net, 91,879,998
(Jmss, 4,172.287; net, 1,592,710
Jan. 1 to Am'. 31 B mos. (1909
ANN! a Hi i-nKl. Report for year ending Deo 31, 1902. was *l\ en at
length in V. 76 p HH9. LlO^; see also editorial, p. 1166. in 1902, gross
on srerage of 869 miles, 96,496,491 (Mexloan ourrenoy); net. ft
ney, net. Including other I noome, *i,oi .oi3; obarxes,
288; in r B
$t39,42<); Interest on Incomes, 9179,960; discount on bonds $5,977;
baL.SnrplUS.9t 91,255. IT. ,J. O. M.tclfe. N. Y. ottlce. 30 I'll
(V.75, p. ib.*>; V. 70. p. I is», 199, I 199; v. 77, p, 769.1
HriliHii National It It.—See National Kit. of Mexico.
M<- 1 1<» ii Norlherii lly.— Owns from BSOalOn, Mexico, on the
Mexican Central Ky., to Btom Uojada, m:j miles, all steel.
Capital stock Is i<3 000,000; see application for listing on
•m... k.
N. Y. Htook Exchange in full. V 04. p 619.
1903
DiviDK.si.H.. ( 1899. 1998. 1894. 1895-99. *00. '01.1909.
4 vearly. 5
6
6^
Percent. { 6>«
2 Inc.Se|.
4>a
BOpr.,
In 1903, Mar. '•• p. c Julie, ' p. c
p
liosi.s
in. morttram is mi ri.ooo.ooo, oi which $599,000 held by
B6fl V. 60, p. 482.
the sinking fund In June, 1909
Annual Rkpokt.— Eariiliigsas follows in V. S. currency:
Other mr i'hnrget.
Set.
IHritl.
Surplu*.
Tear.
OrOM,
1901 02. ..$202.1 19 9194, 59 984^97 9112.707 9105.000 deL$58.8 ai7
22.197
1900 01 ... 642,182 262.790 39.21.2 137.2x5 1*2.8
12.107
142,500
181,804
1,552 255,185 81.226
-(V. 69, p. 101^; V. 70, p. 280; V. 72. p. 581. 1011; v '4, p. '«»89.)
;

wm

M

t

1

wm

,:

1

,

:

.;

;

•

1

'.•

1,

N. Y., office, 27 Win. 8t. 8ept. 2/03, >*%

A D.
do
Deo. 1, 1910
do
M. A N. Olyn, M. C. &o.. Lon. May. '03, lii a
Perpetual.
J. A J.| Glyn. M. C. A Co.. Lon.
N ov.
Checks mailed.
Oct. 30, '02,2 »s
F. A A.
F. A A.
J. A J.l N Y. Or. Cent, station. July 29, '03. 8
M. A N Reg.at G 0.8; cp.atG.T. May 1. 1952
J. A J. Rg.atO.C.S.icp.atU.Tr. Jan. 1, 1940
M. A 8. N". Y., Uulon Trust Co. Men. 1, 1931
0..-M. N. Y.,Gr'd Cent. Station. Mch. 1, 1931
I
M. A 8. N. Y., Union Trust Co. Sept. 1, 1909
6
M A N N. Y., Or. Cent. Stat'u. Nov. 1, 1939
5
4 g. J A J Rg.atO CS.;cp.atU.Tr. July 1, 1941
3H»g. M. A 8 Rg.atG.CS.jcp.atO.Tr. Sept 1. 1951
3* M. A 8 N. V., Or. Ceut. Station. ^ep. 1, '03, 1H
Jackson, Mich.
J. A J.
Julv, 03.2>«%
5
3 g. J. A D. N. Y.. Union Trust Co. Deo. 1. ltfHW
do
do
Deo. 1, 1989
3 g. J. A D.
J IO-J.I0 N. Y.,Farm. L.ATr.Co. July 10. 1907
7
Y. Ce utral A H. R. RK. Co.
J.

1

i

for April.

1903,
'lit -lilgan Central RR.
(Sec Map adjoining New Tork OentrxU
page.)— Link of Road.— Main line— Kensington to Detroit, 270 miles,
end Windsor to Suspension Bridge (Canada Southern), 226 mile*;

main line. 496 miles. Branches owned and leased ,143 inlles
trackage 111. Cent.) into Chicago under perpetual lease. 14 miles; total,
January 1, 19t 3, 1,653 miles There are 857 miles of second trackand 1.057 miles of side tracks. In Feb.. 1902. Jointly with Lake Shore
AV Mich. So took over Detroit Toledo & Milwaukee RR, Allegan to
Dundee, Mich., 133 miles. V. 74, p 379; V. 76. p. 1026.
Organization, Leases, Ac— Reincorporated [under general law In
Control was acquired by the N Y. C.
Dec, 1901, V. 73, p. 1208
& H R. KR. Co In April, 1898. as stated below.
N Y. C. & II. R. RR. Co. In '98 gave in exchange Its 3 * percent
100-year gold bonds at the rate of *115 In bonds for $100 In stock.
V. 66, p 759.
In 1903, *16,814,300 of the $18,738,000 stock had
been acquired by the N Y. C. & H. R. RR. V. 66, p. 1238
total

1

;

i

1

Canada Southern
Dividends.

)

New

Contract.— See that oompany.

'83 *84 '85-86

"87-89 '90

'92-94

'91

'95 to July,'03

nil.
4 yearly 5
5 5 "s y'rly
4 yearly
Peroent— S 5
3
Bonds.— Battle Oreck d Stnrgit bonds for $500,000, but of this $79,000 was sub-guaranteed by the Lake Shore A Michigan Southern, 7
miles of tne B. C. A 8. neing operated by that company
The $1,85", 000 S^sof '901 are a first mor'gage on the Jackson Lanslu.' A

8aginaw RR 350 miles (V. 73. p. 1061; V. 76. p. 1027J In April. 1902,
* 18,000,0 >0 of 3kj8 were authorized, dated May 1, l;«n2. of which
$10,000,000 were sold to retire the first 5s and 7s, maturing on that
date, and $l.0O0,Ooo additional have boeu sold, the reuiaiulu< $ ,0o0,OOu being reserved for additions, etc. V. 74 p. 72H; V. 7 6. p. lo2.
Earninos.— For 6 mos. ending June 30 (1903 partly estimated):
Hal »ur.
hir*
ti iii'.s.—
Net.
Ore**,
Oka (/•».
1903
$10,729,000 $1,821,000 91,235.000 $3 "4 760 $211,240
37i,760
1902
9,039,574 1.830,320
1,910,206
145,360
,

,

Annual Report.— Report

for

Year ending Dec. 31.
9ross earnings
Op. exp and taxes
Set earnings

1902 was
IS 02

1027.

in V. 76. p.

1900

1901

819,045,0.-3 $l*. 490.273 $16,730,131
15,*67.504 14,745,9 04 13.2 29. \ 90

93.577 n79
3.631.592
1W4..U0

Net, lnol'g other lno

Rentals paid
Interest on debt
"an. Southern share
New second track
Miscellaneous
Dividends
Surplus

$3,741,309
3,814,048
1-4,310
2.271,250
375.238
210,000

2,02H.4tiH

310,168
.

.

.

(4)749,5 20

.

(4)749.52

$361,126

993,776

$3,500,041
3.545,735
184.-10
2.219.908
300.-52
80.0<X>

4,402
(4)749,520
$6,743

1027,1085,1140,1356; V. 77. p. 147.)
MiiMlil.mii
iii..ii\ llli A Wnli-r <.»|i Ittl.— (Set Map If. T.
Susquehanna & Western.) — Owns from Mlddletown, N Y., to Uuionville,
N. Y., 1365 miles.
hrough
Stock, $149,850; par, $50. Controlled

-(V. 76,

p.

I

ownership of stock by New York Susquehanna >t Western, *-hlch
pays Interest on bonds. In rear ending June 30, 1903 gross, ft*', '.31;
V
a .004.)
net.$10, 647; charges «22,147; bal., deficit, $11, 00.
'no ,in<i Pacific R> —see SUFPLtMKM hr July. 1903.
Mill Creek a IHlne mil Narfaatlon A it it,— Mill Creek Jo. to
rack,
Broad Mtn., I'a
3 inile^; branch 3 :<; 2d track 3 S in.; total
lease
3 ii miles. Leased In isoi foi 999 year- u> pinla. a Read. Kit
assumed in 1890 bj I'lnia. * Bead. Jiuit way; rental 933,000 and taxes.
Milieu A- Soutliv% ciiern It) .—See .-i l-i- for July, 1903.
t: i

.

1

.,

nilvraokee a Lake Wtaaefcaaa

Mine

.

1.

I

l.ooo

Q.-M.

1947
1977
1977

Sept. 1,
Sept. 1,

Broad 81

N. Y., 85

S

'I. iiiiin Itallwiiy, Limited.—See page 1490.
Mexican Southern Ky., LI in .—See Supi lement

1903 .Oross, $1 6,«01

{

$2 702,618

Net Income
Fixed charges

1

800.000
which $16,814 ,300 held by N.

,963; net, t3 969.: 63
1902 .Cross, 13,491,609; net, 4,022,788
Anni'al BBPOBT Fiscal year ends Deo. 31. Report for 1902 was
given In V 70. p 10H2. 1140. The gross earnings nelow are Unriean
currency: all other figures TJ S currency. Mexican dollars averagid
4216 cents In 1902, 4782 oents In 1901 and 4892 cents In 1900.
[BOOMI ACCOl'NT- (U, M. CURRKNOY EXCEPT A8 INDICATED).
1901.
1900.
1899.
Tear ending Dec. 31— 1902.
'..135
2.»2l
2,054
2,016
Av'ge miles operated
Gross earns Mex cur+21 ,132,-27 $17,493,673 $17,223,878 $15,602,065
5.901,606 $4,986,e63 $5,373. 6H3 $5,199,095
Net earns. Mex cur..
Do do In U.S. cur. 2 513,384 2,384.598 2,628.577 2,516,901
182,517
279,234
115,720
187,110
Miscel. in U. 3. cur..

Jan.

3,850,000
1,500,000
700.000
725.000

I

l.OOO

1877

of $599,000 held by sinking fund

EARNINOS.-Mexlcan

100
,0004c
.OOO&e

1889 1 ,000AM1896 l.OOOAo
l.OOO
1901
100
100
1889
1,000
1889
1,000

A Sturgls 1st M.. g gu p. A end. .71 p.
A North. Indiana 1st M., guar p. At. (end.).c

Bat. C.

1

l.OOO
1881 1.000 Ac
•79-'86
1.000

<-2

Grand River Valley stock, rental In
Bay City A Bat. C. 1st M.,g.,gu.p.A

1

Due.

Stock*— Laf
Last
Dividend.

A J 15
London.
J A.I 15 London, when earned.
M. A 8. London, Speyer Bros.

1802 Sept

3.000,000 See text
a 1 ,06 .000
6g.
£ 2, .'04,720
£2.554,100 See text.
£1.011.960
£2.000,000
6
£1.000.000 2"alu'02
4
8650 OOO
£5'3.r»10
4
cls,73H.OOO 4 in 1903
ll.OOO.OOO
3»ag.
2,000,000
4
i

nin.1-

1

pal. When

Whom.

Payable

Mexican Sutiomil —See National RR. ok Mkxi
Mexican XorlKcrn

Bui4in--

by

J

4
4
4*9
4

.

.

INTEREST OR DIVIDENDS.
When Where Parable, and

Rate per

£100 £3 841.83D
1899
1899
£100 £3.841,830
1897 £100&o *>5, 850,000
1-97 $500.feo.
1.3-00O0
5.(113 0O0
1897 500 A0

4%

O.OOO.red.at par. Un.xo'Ar
1st con. M., $16,000 000. g not guar.
p xc.tr
Do
g.. gu. Stp.. Mill to call 85 to Ifoh., '07
Income 4% bonds tuo mort.i non-cumulative.

Mex. Int.- Pt.

.,.',,, lL,
;,
"-'"i* 1 *1 "'""*?

[Vol. l\ \ vii.

lllll

A

s<

hnylklll

it

Haven

it,— (See Wisconsin central.)

It It.

— Kiom Schuylkill

Haven

Ashland and Enterprise Jot., 98 miles; 2d track, 21 in total track,
186 miles. In 1897 rental reduced to 6 p •«• on stock under new lease
for 899 yean from Jan. 1, 1897, to Phlla. A Read. Ky Co.
Dividends
paid -torklioMers are 2 1b p. o in Jan. and 3 p. c. in j uly, ifl p. c. being
deducted for taxes. (V. 03, p, loll.)
Mineral ltHii»<- It It.—See page 1490.
M imciipoll* Ac M. l,oiil«i It It.— See Map .)— Owns main line
MlnneapOlll to liuntf, la., 200 miles. Western Dlv Hopkins to Watermiles; Lake Park Hrancli
town, B I> 818 miles, Kalo Branch, 1
^
m Wlntl.rop. Minn, to Storm lake, Aliini 1:"> miles Leases trackin from Bfinneapous to Bt Paul over St. Paul 9 North. Pan kk., 10
miles; total operated. 849 miles. Also owns, but leases te Mur. C. R.
On July 1, 1901, branch
& Nor .Albert l.eato Iowa State I. tne. 13 m
was sold to Northern 1'acltlo. V.75. p. 985.
to Whit* Hear I^ike. 13 m
History. — A reorganization In <>ct.. 1894, per plan in V. 59, p. 371,
of Railway foreclosed .indt-r Improvement and equipment mortgage.
[n Feb., 1899, porehaeed (V 88,0. 678,j from the Kock Island 123
miles. Morton to Watertown, So. Ilak., part of the 217 miles of the
unbonded wis. .diun .v Pas The New
branob through rich grain
and live mi k ounlrv to 111. Central KK at Storm Lake, la. 135
miles, Wis completed about July 1. 1900, V 68, p. 130 In June, 1900,
pers -lis Identified with Minn, a St. L. obtained control of the Iowa
to

;

i

I

,

'-j

.

1

;

,

,

1

11

Central Ky.

1

V. 70, p.

1249.

m

1

Q<
i..

L903.]

M

V/N

^-

K'AILWAY slocks \M> BONDS.
I

103

1

.

RAILWAY stocks AND BONDS.

1404
RAILROADS.

_.

„.,
,„
Miles Date Size, or
Amount
Par
of
explanation of column headings, Ac., see not»of
uuimauuing
Valn« nnt^tun.iiTi^
on first page of tables.
Road. Bonds Value.
_,

I

|

F.>r

Middletown Vn. d W. Gap— IstM., extin'86
o*
2d mortgage, Int. guar, ext. In 1896 (see texth.C
Midland 1'iirir/c—lsl M., gold, $5,000,000. text
Midland Kit. f If. J -See N. Y. BOBQOKH insa A
Mill Ortek d Mine Hill Nav. d RR.-Stuck
Milieu J Southwestern— l»t mort., $800,000, gold..
Milwaukee Luke Shore d Western See Chicago A

f

25

j

I

5 g.

M.

5
5

J.

F.

g.

10

323.375
See text.

J.

1902
1,000
NORT ii Whs TURN.
NTKAI. RT.
Milwaukee d Lake Winnebago Bee WiMilwaukee d Northern— See Chicago Milwaukee A St. Pa ul.
5*8
50
4,210,200
52
Mine Hill d Schuylkill Hat.— Stock (6 p. St rental
593,000 4 g.-5 g.
Mineral Range— ons. mort., text, g., red. at 105
66 1891 500 Ac
1,000.000
66 1901 100,0
General mortgage, lnt guar, by Can. Pacific F
l.OOO
325.000
5 g.
Hancock A Cal oon8.,>f g., red. at 105. ass'd...
20 1891
Minneapolis & St. Louis—Common stock. Ce
100 c6.000.000 5 In 1903
100 d4.000.000 5 In 1903
Pref. stock (V. 70, p. 1150), 5 p. c, non-ciun.Ce..
9*
27 1877
455,000
1,000
1st M., Minn, to Merrlam Jnuc, gold.FP
7g.
950,000
IstM., Merrlam Junction to Albert I^ea.gold.F.o*
81 1877 500 Ac.
l g
1,015,000
1,000
Iowa ext. 1st M., g.(Al. Lea to Ft. Dodge)g.Ce.c 102 1879
l g
Morton Southw. exten., g. ($12,000 p. m.)Ce..C
53 1880
1,000
836,000
7 g.
Pacific extension 1st mortgage, gold.Ce
92 1881
1,000
1,382,000
o"
6g.
1.000 5,282.000
First consolidated M., $5,28*2, 000, gold.Ce. o**r
1894
5g.
b8,*"60 000
283 L899
1st 4 ref.,M., $25,000,000, g. ($18,000 p. m.l.Cc
1,000
4 K
14.000,000 See text
100
Minn. St. P d S. Ste. M.— Com. stock, $14,000,000
100
7,000,000 See text
Preferred stock, 7 per cent, non cum
8.209.000 4 g. A 5
495 1886
1,000
Minn. Sault Ste. Marie A Atlantlo 1st M.g.Ce..o"
337.000
4 (5)
Minneapolis* Pacific. 1st M., $15,000 p. m.i'e.o* 286 1886
1,000

—

—

>

,

-

-

Consol. M., gold. Int. guar, (end.)— 8ee text Ce.c" 1,452
1,45*2
2d M., $5,000,000. gold. Int. guar..* e
Car trusts July. 1903
st mort— ($535,000 are 481c
Minnesota Transfer
...
Minn. d So. Wisconsin 1st m< rt.. $200,000, go*
50
22
Mississippi Arkansas d Western— 1st M., gold. AC
a Of which $2S2.000 held In treasury June 30, 1903,

—

1

I

j

1886
1,000
1.000
1902
1902
1,000
b $1,160,000.

Annual Report.— Annual meeting 1st Tuesday in Oct. Report for
1901 02 is given at length in V. 75, p. 977, 985; see also edit, p. 947.
1102 03.
1901 02.
1900 01.
Tear Ending tune 30.
642

Average miles operated.

$876,486
2,526,763
137,591
$3,540,840
~
$1,446,120
185.0 36

Passengers
Freight

Ac

Gross earnings
Net over taxes
Other Income

$3,265,472
$1,237,530
217,41 5
$1,454,945
886,980
(5)200.000
(5)300.000
56.050
$11,915

Total net income
Interest paid...
Dividend on pref stock
Dividend on oommon stook

$1,631, i56

633
$703,826
2.418,184
158.544

$3.27\504
$1,318,887
188,954
$1,507,841

8-6.980
(5)200.000
(5)300,000
47.451

L. v. Diiv, Minneapolis.
p. 94, 1089;

ITIlniieanoIlM St.

V. 75,

Paul

p.

1

Ry.— Owns

main
North

from Sault Ste. Marie, Mich., via Minneapolis to Portal,
Dak., at the International boundary line there connecting with the
Canadian i'acitlo, 1,039 miles; branches, Hanklnson. No. Dak., to Bismarck 214 miles; Wisliek. North Dak., to Pollock 70 miles; other
branches, i05 miles; spurs, 23 miles; V tal July 1903, 1.453 miles;
also has terminal trackago in Minneapolis, St. Paul and Sault Ste
Marie aggiegatlng 1» miles.
In''ct., 19 3, extension was building from O^enwoort, Minn., north
via Alexaii '! l.i to White Eaith, Indian reservation, 125 miles. Branch
was under construction from Birchwood to Reserve Village, Wis., 20
•

V. 77, p. 765.

miles.

History.— Formed June, 1888, by consolidation

A

A

Atlantlo, the Minneapolis

of the Minneapolis

Pacltlc, etc

merged

In Si pt.. 1(103, with constituent cos.
(KM). V. 77, p. O'2-.i
Controlled by Canadian Pao...

ther

(See V

,

t'..

which July

aim

furpp. 538,
1,

1903,

owned $7,066,600 common and $.'5,533,400 pref. stook. etc.
Stock.- Authorized, common, $14,000,000, preferred, $7 000.000,
of which the Canadian Pacific on Julv 1 1!)
owned $7,066 600
oommon and 1 588, 100 preferred. i'r< ferred itooli bee pror right
:<.

1

to 7 per cent (non cumiilal ve); then oommon to 7 per cent; then both
classes --liar pro rat>. V. 75, p. 649.
l

imihiMis. on preferred, 7 p. c. ai d on oommon
Oct 15, 1903, from ear ntng of calendar year 1002.

2 p c, both paid

V. 77, p. 451
an. Pao guarantee! bj endorsement
Bonds.
per cent interest on
ell the bonds assenting to a reduction of Interest to 4 percent.
(See
AbOUl one half the Mum. <v Pao. bonds
V. 50, p. 7H4; V. 51, p. 289.
i, p
and practically all of the other Issues assented. V
799
Abstract of dinnm/mlis Sault Sir llnni,! Itiinlic mortgage In V. 45,
The consul, morlgnar of 1888 (trustee, Central liu-t o mort
p. 243.
gage abstract Oiikomci.e, V 47, p. 148), was fur |2 1,000,000 on 300
i

<

:,

1

i

,

miles (sufficient Of this amount being reserved to retire the prior
bonds) and for 920.000 per mile on all additional mileage V 73. p 1M5.
of the 80,000.000 2d is of l w
83.500,000 were Issued to take
In maturing Interest lieni lug obligations and current cap
expenditures and f<>r equipping or terminals and additions, toe remaining $l.ft00,0<'0 to be issued hereafter from time to time on! as
ni.,v. SB, p 869, 77i, 977; v. 71, p. 8
required
Lai est Karnh. -2 mos. ) 1903
Oroes, 81,193,292; net, 8560,566
tiros-*.
July 1 to Aug.31.
1,172,248; net, 689,786
\ 190'2
l'.i 1'iiitr.- Report for year ending June 30, 1003, was In v
77, p, 765,
'.OKI.
lnl.,l<nrs,ric. touip.,etC Hat.snr
Tear
el.
..$7,287,2fl4 $3,517,342 91,852,844 $200,000 $1,464,498
8.2H0.760
lfcOl-O'2..
6.22 .3-7
1,694,259
300.000
1.286,501
-(V. 77. p. 451. 62", 605, 70S.)
ITIInnesota A- Kortli Wisconsin nil.—See Stir, for Apr., 1903'.»'.»

•

i

I

4g.
4

A5
5

0.

J

Phila.,Offloe,119 8. 4th. Julyl5,*03.3%

New

J.
J.
J.
J.
J.

d$

owned by Can.

New

!

A D
A D.
A D
A O.

do
do
do
do
do
J.
do
A.
do
do
M. A N.
do
do
M. A 8.
do
do
See text Minn. office; chks mailed
see text
do
do
J. A J. N. Y., B'k of Montreal,
do
J. A J.
do
J. A J.
do
do
do
J. A J.
do

New York A Chicago.

A
A

,

;

June
June
Deo.
Apr.

l

Nov.
Moh.

1,
1,
1,
1,
1,
1.

1927
1909
1910
1921
1934
1949

Oct. 15/03.
Oct. 15/03,

Jan.
Jan.

July
Jan.

1903

2%
7%

ly^e
1936
1, 1938
1, 1949
A 1907
1, 1916
1,
1,

A. 1st N.B*k,Pt Paul JJlnn. Aug.
Minn. L. & Tr.. Minn. Jan. 1. *04- '08
J
J. Am.Tr. Asav.Bk ,i hlc. Jan. 1, 1922
39.600.
F.

g.

York. 44 Wall St

Jan. 1, 1931
Pao. Jan. 1, 1951
York, 44 Wall St. Jan. 1, 1931
N. Y. Central Tr. Co. Julyl5,*03,2i*
do
July 15, '03,2 >*
do
do
do
Jan, 1, 1907

All

I

J.
J.

.vilnnewota Transfer

A

Rr.— Union

road,

owning 135

miles, ex-

—

I.T..&0
490 Dewey, I. T., to Bartlesville.
Mo. Kan. & T. Ry. of Tex.—
Operated jointly.
Red River to Houston, Tex. 548 St. Louis to Texas Junction.
Denlson to Henrietta
112 Kansas City to Paola.
Other branches
446 Whitesboro to Ft. Worth
Total owned
Controlled

2,329

— Leased.

Mo. Kan. & Okla
The Denlson Bonbam

4

24
43
71
Iola to Plqua, Kansas
7
Galveston Hous. A Hend.... H50

113
Total operated July, 1903.2.713
Orleans Ry.. Denlson to Bonham, Tex.,
24 miles, has been operated under a ten-year contract since Deo., 1901,
and the Dallas t leburne At Southwestern Ry., Cleburne, Tex. to Egan,
10 m. (to be extended to Dallas, Tex., 27 miles) under lease since Dec.
20.1912. V. 76, p. 48.
Extension from Georgetown to Austin, Tex., 50 miles, Is under con-

A New

struction.

Organization,

977,985.)
Sault Ste. 'Inrle

line

Sault Ste. Marie

1932

tending fromjunctlonwith Chio. Mil. A 8t Paul at Merrlam Park to
Fridley (with stock yards, etc.); side tracks 36*23 miles; total 49*73
miles.— (V 67, p. 956). Stook, $70,000, equally owned bv:
Chicago Milwaukee A St. Paul, Northern I'aclnc, Chicago St. Paul Minn. A
OmahH, Minneapolis A St. Louis, Wisconsin Central. Chicago Burllngt»n A
QuIncv.Cre'it North.. Chic. Great Western and Minn. St. Paul A Sault rite. Marie.
Chic. Hock if.l«nd A Pun.
Additional bonds can be Issued for property and Improvements as
required. Principal only is payable fn gold. Mortgage trustee, St
Paul Trust Co.. St. Paul. Minn.— (V. 66. p. 1238; V. 67. p. 956.)
mi«nlM»l|>i>l Arkansas A; Western Ky.— Owns from a point
In Drew County, Ark., to Gaines Landing on the Mississippi River In
Chicot County. Ark. Stook authorized S220.000. President. Geo. H.
Martin, Fort Dearborn Building, Chicago, 111. (V. 75, p. 442.)
inisnoari Kansas &. Texas Ry.— Road.— Operates a line with
northern termini at St. Louis, Kansas City and Hannibal, Mo., extending southerly across the Indian Territory and the Texas cotton belt ta
tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., and Shreveport, La., with branches. (1J See this company.)
Road owned.
Operated >iofotrn«d.
Miles.
Miles.
Missouri Kan, & Tex. Ry.—
Wlohlta Falls Ry
18
St Louis to Red River, Tex 629 Denlson A Washita Val. Ry.
Hannibal to Franklin Jo... 104
(V. 76, p. 1249)
20
Branch sto Paolaand ParDenlson Bonham At N.Or.RR.
24
sons, Kan., and Stevens,
Dal. Cleb. & Southwestern...
10

200,000

(4)240.000
56,71

549,

A

c$174,10

897,2*:0
(5

Rentals, etc
Bal. surplus for year
$196,725
$113,909
Officers.— President, Edwin Hawley, New Yo?k; Vice-President, L.
F. Day; Secretary, Joseph Gaskell, Minneapolis; Treasurer, F. II,
Davis, 25 Broad Street, New York.
Directors— K. Hawiey, John W. Mackav. K. Lanednn, K. B. Pslraer, F*. EL Davlg:
John M. SoirW".. New York: I.. C. Weir, New York; George Crooker, New York.

-(V. 74

25,057,000
3.500.000
175 058
1.439,000
170.000
220.0O0

1,000
1,000

1888

1899

Stock.— The capital stock Is, oommon. $6 000.000; preferred, 5 p. c,
non-cumulative, $4,000,000. The preferred Is entitled to dividends at
6 per cent, and then common to 5 per cent, then both share pro rata.
The $2,500,000 first pref. was paid off at par on June 1, 1899.
Divii)KM>8 (p.o.) ) 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903
Preferred
3
3
3««
5
5
5
5
4*s
£
Itg
None.
4
Common
5
5
)
Bonds, Etc.— Bonds Issued under the mortgage due June, 1927, numbered from 1,101 to 1,400, for $500 each, additional to those above
were assumed by the Burl. Cedar Rapids A Northern RR.
As to first consul, mortgage see abstraot V. 59, p. 1145. The refunding mortgage of 1899 limits the first oonsoli to $5,282 000.
First refunding mortgage of 1899 Is for $25,000,000, of which
010,000.000 reserved to retire underlying bonds and $6,849,000 for
future extensions, Improvements, etc, under severe restrictions. The
mortgage Is a first lien on 277 miles of road etc., and a blanket lien on
rest of property.— V. 68, p. 187, 332. See application to list, V. 69. p. 32.
...Gross, $511,285; net, $199,692
Earnings- 2 mos., > 1903
Griss, 624,536; net, 267,463
July 1 toAug. 31. >1902

Mail, express,

& N. N. Y., N. Y. Susc A W.I Nov. 1, 1911
so.
do
& D.|
rL
no
June 1, 1910
A A Bos.,Kei:ey, End A Co. Feb. 1. 1923
A J
Philadelphia.
July, 1903, 5%

<•

i

xxvii.

t

i

WB81

>

i.

tiunaa— i lum 1INTEREST OR DIVIDENDS.
p.tl.When In e.
R* 1* P er When Where Payable, and by St6ekt—hatt
c^nt
Pnvohlu
v/hnrr.
m,i.i on ^
Cent.
Payable
Whom.
Dividend.

$150,000
1866 $100&o
1S71 50O Ac
250.000
1903
1,000 N'neOct ,'03

13

[Vol.

Ac— Reorganized

In 1890,

without foreclosure, [plaa

mortgage being paid off at par.
The $12,890,000 stock of the "M. K. A T. Railway Co. of Texas"

In V. 49, p. 719,f the old first
is

r,he M. K. A T. secuV. 55, p. 298.) M. K. t Eastern was ab
1899 and Sher. 8h. A So. In 1901. V.

deposited with Central Trust Co. as trustee for

rity holders.

(V. 54. p.

sorbed in 1897, K. 0.

&

1047

;

Pao. In

63. p. 30; V. 73, p. 609.

In July, 1902, the Missouri Kansas A Oklahoma Ry, whose stock
is all owned, began to oonstruot three lines in Oklahoma aggregating
275 miles, viz Guthrie ts Stevens. I T.. with branch from Oklahoma
City ami one from a point in the Osage Nation to W\ bark, I. T.; in
Oor., 1904, 173 miles were in operation. V. 75, p. 1086.
See Bonds
below. V. 74, p. 1038; V. 75. p. 60M, 1086.
In May, 1902. the Texas A Oklahoma RR. was incorporated, with.
$3,500, ooo stook, to build an extension from OklahoinaCity to Colgate,
I. r., 12.") miles, and acipitre the Denlson A Washita Valley
Ry., .Colgate to Lehigh, I. T., and branch. 6 miles. Of the road, *.o miles' was
completed In Oct., 1903. See Bonds below. V. 74, p. 1038, 11 Uk V.
76. p. 480. 1 249.
Land Grant.— Land grant in Indian Territory 3,110,400 acres, sub|eot to extinguishment of Indian title. For status in 1897 ami 1898,
see V. 67, p. 222; V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p. 1155.)
Bonds.— M. K. A. T. 1st and 2d mortgages of 1890 [abstracts in V.
51, p. 495] cover line from Hannibal, Mo., to a point SO miles from
Houston, Tex., 041 miles [eXOepI 71 miles of trackago] and sundry
branohes, the total mileage mortgaged being 1,601 miles, Including the
Sherman Shreveport A So., but see below These mortgages also cover
the right to the land grant In the Indian Tcrmory.
The Missouri Kansas <* Eastern bonds originally guaranteed were
assumed In June, lsiit;, Die road forming the St. Louis extension from
Franklin, Mo., to Texas Junction. Mo., 1<>°. miles. See V. 63, p. 30.
Ofthe St. Louis division 1st refunding bonds; $4,666,000 were reel ved for the ret ircment of both Issues, the balance being for ex tensions and Improvements on he dl\ Islon. V. 7*2, p. 1034; V. 75, p. 608.
The Shiritttin Shrrcr/H,rt ,f Smtthsru mortgage Is for $(>,OOO.OOU at
20.0O0 per mile; Issued, 83,689,000, of which $2,000,000 pledged
under M. K. A T. mort. of L890, The bonds, formerly guaranteed, were
assumed 0.000 consolidation in Ma,y, l'KH. V. 72, p. 1031. 1115.
QUi kantiks.— Dallas A Waco bonds are guarantied, principal and In[Issue limited to $1,340,000.
The Boonvllle Bridge is ate guaranteed, principal and interest, and
al so as to sinking fund ogi nnlng 1911.
V. 73. p L94,
,

t

I

In
U. A. if /. i/< tuns mortgage seouns $10,000,000 of bonds at
$20,000 per mile ft» extension* In Texas. They are guaranteed principal and Interest. See above, and guaranty V. .'•, p <<>l
he Southwestern Coal dk Imp rove ment co.'s bonus are guaranteed.
Mortgage ($1,000,000) covers the coal ou 51,000 acres In Indian Territory, and the company also owns 2,350 acres additional, the Denlson A Washita Ry., 20 miles, mines In active operation, etc
I

i

:

RAILWAY STOCKS AND

Oct., 1903.]
KAll.KOADB.

>NDS.

B<

IMKRLHT OB

„„
Miles Date 81xe, or
A mn „ nt
For explanation of column headings, Ac, see notes
of
Par
nnt^nSin* R* 1* ,,er
UU"'W"» '""'
u
payable
on first page of t>
Road. Bond* Value.
,

/H<mi»— rriiioi-

DIVIDK.N

pal.Whea Due.

I

r

» Payable,

,.

Missouri Kansas

Trxim— Common Stock

Jt

noo

<

L890 500 Ae.
L890 500 Ae.

<•

1901

,

1893
1890

I

M.K.AOk.,lstM

CeiAr

,$20,00<ip. iu.,g.,gu. p.tl

M

1

500.000. g.,gu. P-* '•• e c&x
M.K.AT.of Texas 1st M., $20,000 p. m.,g.,gu.» eo" 195
.0*
Boonv. Br., 1st M., g., gu. P- Al., end. s. f
8. W.C. AImp Ut M.gu. p. A I., s. f.. cull at 125. F
Missouri J'ticifte— Htock ($l(i0,OO0,OOO auth.) ...
283
Pao. RR. of Mo. 1st M., extend. In 1888, gold."*l>
2d uiort. ext. In 1891 In gold, gt. L. to K. Co* 283
1st M., si Louis real estate, ext. In 1892, gold.
1st M. C'aromlelet Br., g. ( gu. p.A l.(end.)ext.'93
"l3
3d M. (cover" g all prope.of Pacific KK. of Mo.iCe 296
Mo. Paoltlo 1st M., Lexington to Sedalla, Mo. gold
55
Consolidated mortgage, $30,000,000, gola...e' 1,076
o**r 1,120
Gold collateral trust. Pn
lstoollat. mort. bonds for $10,000,000 g.iTIe...o*
671
Ler. ACaney Val. 1st M..g.,gu. <V.70.p. 1095). o*
52
Verdigris Val. Independence AW. 1st M.,g.,guar.
81
K.C.& N W.lHt M pf."A"g..lntrent,,red 105,.ti».
Equip. Ass'n oMiKftt'ns. $230,000 pay Sept 1 y'ly
Si r. B g., $97 0>
do do
due Mar. 1 yearly
do
do
Her. (', r *2n2.000 June 1 y'rly "lo

Tex.AOkla.,lst

1890
902

,.$.',

1892
1901
1889

O.

ls-,0

5O0A0

1880
1887
1890

1.0O0
1,000
1,000
l.OOO
1,000

lrtst;

1886
1894 500 Ac
1902
I

1903

V. 75,

p.

733; V. 77,

p.

1910.

A.
A.
A.

Gross.

Charges.

Net.

Balance.

$598,837
$614,406 d< f. $15..' 69
748,796
626,615 sur. 122,181
Annual Report.— Annual meeting first Thursday after first Monday
In April. Report 1902-03, V. 77, p. 692. See also editorial, p. 736.
1902.
Tear end. June 30.— 1903.
1901.
1900.
2,t 01
2,500
Aver. miles operated.
2,265
2,218
Passenger earnings. $3,160,455 $3,040,842
$2,658,245 $2,152,768
Freight
13,256,9(0 12,632.092
12,097,618
9,886,995
Mall, express, eto...
79Q.838
717.86 5
647,220
586,749
Gross earnings. ..$17, .oh, 1-3 $16,391,399 $15,4O3.0H3 $12,626,512
Ope. exp.and taxes. 12 4 4^,083 11,871,564 11,134,147
8,7* 5,470
Netearn.,lno.oth.ln. 114,858,675 n$4.553,648n$4.3O7,073 *I$3.904,251
Interest on bonds..
3, '-91. 396
3.226.844 3,118,015
3,082,093
Rentals., Ao
46,363
417,865
389,142
371.292
Balance
sr.$l,0v9,916 sr.$908,939 sr $799,916 sr.$450,866
,

J.

A

1

-

2,500,000

4

g.

F.

5
5
5
5
4
6

g.
g.
gg.
K-

M.
M.
M.
M.

A
A

N.
N.

Ai

8

;;:>-. imk)

3.907,000
1,000.000
77,802.-7.'. 5 In

7,000,000
2,573,000
800,000
237,500
3.828.0OO
65O.0O0
14,904.000
14,376,000
9,636.000
520,000
806.OO0
1.024,500
1,800,000

M.
J

1903
4 g.

J.
F,

J.

5
4>*

g.
g.

A.

M.

7
3 g
6 g.

-

5

M.

g-

F.

M.
M.

5g.
5g.
5

A 8.
A N
A J.
-V
A A.
A J.
A N.
A O.
A N.
A A
A N.
A 8.
A A.
A J.

,

.

ITIlaiiourl Fucltlc

V

77, p. M*. .19*«. 4

1,

«»-.*.)

Ky.— (Nee Map.)— Operates

an important sys-

tem extending westerly and southwesterly from St. Louis, Mo., includinK main lines from St. Louis to Omaha, Neb., 495 miles, and from
Kansas City lo Denver, OoL, 758 miles, with many branches In Kansas, eto. Tnrongb the St. Louis Iron Mt. A Southern, which It controls,
oonneotion Is had with Texas and the lines of the Texas A Pacific
International A Ore*t Northern and the St. Louis Southwestern, the
whole forming what Is known as the "Gould System," in which the
heirs of Jay Gould are largely interested Nee list of Mr. Jay Gould's
holdings, V. 60, p. 83.) The Mo. Pao. property includes
Lines ovmed and controlled. Miles.
Leased lines, etc— (Con.)
Miles.
St. l.ouls to oin.iha
495 Leroy A Caney Valley
52
Other main line
838 Kansas City A 8. W
48
25 branches owned
1,701 Other lines
192
•

Leased lines

Boon ville

Trackage to

tie.

A Southern...
Ind. A West

St. L.

St.

Joseph, eto

35

44

M

c>

Verd. Valley
81 Tot. Mo. Pac.and br'nch llnes.3,489
Also owns all capital stock of Central Branch Union Pao., etc.. 388 m.<
Louis IroD Mountain A Southern and leased lines, 1,773 milesGrand total Missouri Pacific mlleatte Jan. 1, 1903, 5,651 miles.
Early In 1901 a larxe Interest was acquired In the Denver A Rio
Grande RR. and so In the Rio Grande Western Rv extending the
system as fa- west
Offden. Utah. The Gould and Rockefeller holdings In the Denver A Rio Orande are together understood to constitute
a large n ajority of the entire capital Btoek.
In 1901 the Little Rock A Hot Springs Western RR, Little Rock to
,

m

Hot Springs, Ark., 57 miles, was acqiilied. As to St. out-t Iron Mt. A
Southern acquisitions, s< e statement for that company follow ng.
Oboanization. Ik v>ks, AC— The Pacific RR. of Missouri was sold la
foreclosure September 6, 1876. The present company was a consolidation in August, 1M>*0, embracing the Missouri Pacific and minor roads.
The bonds of the proprietary lines are practically all pledged to secure
Mo. Pacific loans. The Iron Mountain stock ts mostly owned by the
Missouri Pacific. Control of the Internationa) A Great Northern
was secured in 1892 and of Central Br. U. P. in 1898-99.- See V. 68,
I

329, 520.

As

to

Texas A

Pao.. see below.

Stocr.— In July.l 901. the authorized capital etook was Increased from
J70.000.000 to -10O. O0.0OO. The amount outstanding on Dee, 31.
1900, was 160.482,150; ihls was Increased to $76.402.M75 in
1901 by the conversion of +11.218.0«
collateral trust bonds and
by Issue of $2/ r>3.Mi0 for pun-haxe of entire stock, and *2,983.5< "B"
bonds of K. C Northwestern, aud by further Issue of fl4. .22.000
fpartly at par to s ockhoi.iers] to purchase M4.8O0.0O0 common and
$7,300,000 urefirrel stock f Denver A Rio Grande and for other purposes; in 1' 02 $1,400 0O<: was sold to pay for new constru tlon, 56
miles. V.72, p. 1188. 1238, 1280; V. 73, p. 185, 1356; V. 75, p. 549
Dividends— > *82 '83 to "87 '88 '89 '90 '91 "92to'O0 '01 02 1903
Per cent... \ 6 1* 7 yearly. 5 1* 4
4
3
None 2<* 5
5
On July 20, '01, 2 * p. c. was paid; 1902 and 1903. 5 p. o. each (JAJ).
Bonds— The consolidated mortgage la for $30.000,000— trustees John
F. Dillon and fcdward D. Adams— the balance unissued Is In trust to
redeem prior bonds due if deemed best. Abstract in V. 47, p. 287.
i

1

1990
1990
1044
2001

1,

l.
1.

1942

1

June

1948
1990

1,

Aug.

1,

1940
1942
1912
1.
1942
1951
1.
July 1, 1929
Not.

1,
1,

May

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

July

1,
1,
1,
1,

May
Oct.

Nov.
Aug.
Nov.

1,

1.
1,
1,

Jan.

Aug.
July

1938
1»38
1938
1906
1920
1920
1917
1920

l

1926
1933
1904 '12
To Mar 1,1912
To June, 1918
Mob.

1,
1.

Jan.

Sept..

The collateral trust bonds due 1917 (Union Trust Company of New
York, trustee) are secured by mortgage bonds of new roads at $1 n 000
or $15,000 per tulle; these embracing the line from Fort Soott. Kan.
to Pueblo. Col . eto. For securities pledged, etc., see V. 46 jt. 678.
Collateral trust bonds due in 1920, see V. 50, p. 669, 874.
Mar., 1903, $23, (68.000 of the $25,000,000
Pacific 2ds had been exchanged for 6."> per cent In a new St.
M. bond. (V. 68, p. 283, 619, 725, 774.) In July. 1901, dividends on stock were resumed. V. 72. p. 1238. The $11, 218.0c convertible deben't of 1900 were exchanged in 1901 for stock. See above.
Karninos-8 months, ) 1903.. Gross, $27,744,631; net, $ 8,«51.319
Jan. 1 to Aug. 31.
$1902. ..Gross, 23,601,401; net.
Annual Report.— Fiscal year ends Dec. 31. Annual meeting is held
at 8t. Louis In March. Report foi 1902 was in V 76, p. 89. 5V-9.
Earnings »f Missouri Paoltlo system have been as below. "Other Income" in 1902 Includes: Interest on Tex. & Pao. 2d mort. Ini onus,
fi.l '3.800; Paoltlo Express Co.. $216,000; Denver A Rio Grande RR.,
$365,000; coal companies, $150,000, etc.

Texas

A

A

I.

.*

l'ear eliding Dec. 31.

II

MUesoperated

1901.

02.

1900.

5,613
$37,495,688
12, J 52,497
2,422,139

5.570
$36,661,093
13,04 "\579
2,473.431

4,936
$30,511,313
10,653,146
2,709.619

Total net inoome

$14,874,636

Interest and rentals

$6,64\672

$15,519,010
$6,615,889

1,123.374

l.n-2.916

$13,362,765
$6,699,107
9*6.o94
783.261

Total earnings
Net earnings
Other Income,

Ao

311.6-3
1.547,24 2
3,3*6,760
2.689,512
3,914,720
Officers.— President, George J. Gould; Secretary and Treasurer, AH Calef, 195 Broadway, New York.
Gould. UiipkcII Sane. Edwin Gould. Samuel Sloan, James
I) rectors.- Oeorge

-nndry accounts
Dividends

56<»,«68

(5%)3,855,U0 (5%)3,563,'>02

Balance, surplus

.1

II. Ilyi-e,

J

ltockufcller Jr

lin I),

T. ()«te« «nu Frai k J. Gould.
Bul.y. St LOTUS, .Mo.- (T. TO,

,

Howard Oonld,

K. I'armelee Prentice,

New Vork C. U. Warner. Kus»ell Hardb
5SW. t.<H. 3»9, 1:0.; V. 77. p. «tf )

«,

i^

red.

W, K.

p.

lUlnaourl Pacific Nyatem— Nt. lionls Iron ITIon utal n A
Southern liy.— < Si-e Mup.i— Owns St. Louis toTexarkana.Tex. Line.
490 m.; oranohes to Belmont, Mo., Bird's 1't. Mo. (Cairo), Camden, Ark,,
Helena, Ark.. Cushman. Ark., Arkansas City, Ark., Warren, Ark., Memphis, Tenn.. Ao., 747 miles; Houston Central Arkansas A Northern Railway, MoGehee, Ark., to Alexandria, La., 190 miles; total owned January 1, 1903, 1,427 miles. Leases Little Rock A Fort Smith and Little
Rock Junction railroads, 176 miles; Kansas A Arkansas Valley RR.,
,

170 miles. Total operated Jan. 1, 1903, 1,773 miles.
In Deo., 1901. holders of $^2,276,000 of the $23,172,588 Texas A
Pacltto seoonds exchanged their bonds for 65 per oent In new Iron
Mtn. gold 4s bearing interest from July 1, 1899. See Rondb below,
also VT 68. p. 329. 380, 474, 520. 572. 619. 725. 774
In Deo., 1902.
the New Orleans A Northwestern RR., Vldalla. La., northwesterly to
Arkansas S ate line, 115 miles, was bought. V. 75, p. 1400.
In Oct., 1903. a line from St. Louis along the east side of the
sippl River to Thebes, 111., with btancli to com fields, a total of about
115 miles, was co upleted; a new short system from St. Louis to
New Orleans was also proposed via the west side of the river, and a
connection with theTexas A Pacific at Clayton, La., and a diagonal Hoe
from the last-named line to a connection with the Mo Pao. at Carthage, Mo completing a 480-mllelow erade line from Km
Memphis. Of these lit es. West Mem his to Clayton, La., 278 miles.
was under construction, and Rate sville. Ark., to Carthaee, Mo 2*'4
miles, 92 miles of the latter belug completed. V. 76. p. 543. 600, 1031
8TOGE.—Stock was $25,788,435. of which *25,788.<'35 June 1,1903'
was twned by Missouri Pacific— mostly acquired In 1881. Authorized
limit increased In 1903 to $L 0,000,000. See below.
V. 69. p. 27.
Dividend- In 1899 2 p. o.; in 1900,6; In 1901.6; 1902,10.
Bonds.— Oeneral consoL msrt. Is for $45,000,000, Nob. 11.001 to 18,000 noluslve are endorsed with the Missouri Pacific's guaranty of principal and Interest form of guaranty was In V. 56, p. 650; they are a first
,">3- m lea
lien on
V. 68, p. 85, 233, 520.)
The gold 4s of 1 >-!»;» air-t Issue $30,000,000) may be Increesed
not over $10,000,000. at $12, 00 per mile, for construction or
acquisition and equipment of branches and extensions.
They are
secured by a lien (sub ject only to the general oonsolsoa all the railroads, terminals and equipment of the company, and also a first and
oniy lien on all stocks ami bonds now embraced In toe tru-t of the
gold funding note Indenture upon satisfaction thereof, all leased and
branch Hues, or their bonds and stocks acquired by the loan, and all
and
Texas A Pacific seconds acquired, and all fntun
is
branches constructed or acquired.
of the $30,000,000 at present authorlted $l*'.250.0OO were Issuable to retire the entire
'

1

St.

p.

do
do
4o
do
do
do
do
do
do
do
do
do
do
do

g.

g.
g.

do

1,
1,

N. Y., 195 Broadway. July20,'03,2>«
N. Y., Mercantile Tr. Co. Auk. 1, 1938

5 g.

5
5

do
do
do
do

do
do

A A

1,340,000
See text.

do
do
do
do
do
dO
do

do
do
do
do

J)

Taxes
Ut99.565 In 1903. $33,813 in 1902, $38,137 In 1901, $43,209 In 1900.
Officers.— Chairman and President, Henry O. Rome. New York;
Vloe-i res. and Hen Manager, A. A. Allen, St. Louis, Mo.; Vice-Pres.
and Treas C. G. Hedge, New York; Secretary, 8. Ualllne, 49 Wall St.
Direct. r« John l>. Korkefeller. William Rockfeller, Henry C. House, Col
•at* It yt, Henry \V. Poor, Joel F. Freeman, Chaa. G. II eri«e. James Bro»n
I'i tier and ll.-i! en I,, -mtterlee. New York; Myron T. Herrlck. Oevela> d. O.;
A. A. A'len and Jsmea Haeerra n, St Louln. Mo.; B. P. Mil) nuM. AT red J.
Poor and i n. BOdawlok, of Ka diin: It. J, Do Marcz Oyena, Amslercam.
76, p. 14« 8;

do
do
do
do
do
do
do

June
Juna
Nov
Apr
Apr.
Apr.

N. Y. Office, 49 Wall 8t

A O
A O.
A O.

1.6

L.

$2,766,665
2.70f,700

Holland.— (V

Imidend.

General Finances.— In

30, 1903, these aggregated $3,798,219,

V.75,p.608.
Latest Karninqs.— 2 months ending Aug. 31

1903
1902

1,852.01)0

873,i'0O

252.

Equipment Note:— On June
till

A D.
A A

4.0O0.OOO
1U,(KK)

2,820.000

1

payable part yearly

F.

-l.OOO

1.000

ill" on
K MNiKi A Trxa* IIt.- (Conoluded.)
TheMlMOnri Kansas A Oklahoma bonds are guaranteed, principal
and Interest: the bonds are Issuable at $20,000 per mile on new mileage to be constructed In Oklahoma. The Texas A Oklahoma bonds
are also guaranteed. Form of guaranty, V. 75, p. 185. V. 74, p. 1038;
1

J.

[<>,<

i",ob"6

,

.

.00,000

20.OOO.OO0

1,000
1,000
1.000
l.OOO
1,000
l.OOO

1868
1,000
1871
1,000
1872 500 Ao.
1873
500
1876
1,000

Mocks— Last

100,300
13,000.000

1.0O0
1,000
1.0O0
l.OOO
1,000
1,000

100

.

g>56

100

Preferred stock, 4 per cent nou cumulative
M. K. AT. 1st mortgage, gold, <'e
1,601
2d M. (formerly Incomes), see text, gold.Tle... 1,601
1st M. extt-n. bonds, gold. §20,000 p, m
143
e*
+6.OO0.00O. P.\.o*
Ht. Louis Dlv., l*t. refg M
Mo. K. .V Beat LatM., $4,000,000 g., assum.O.
i"62
162
2d mortgnge. guarantee I, being retired
202
Sh. Sh. A So. St ML, *20,0O0 p. m., (t., a-*u Ceo"
Kan. City A Paoltlo 1st M., gold, assumed. Ce...o.
130
Guaranteed bowls—
Dallas A Waco 1 at M., $20,000 p.m. g.p. A l.gu.Ceo*
67

and by

Whom.

1

,

101

I

,

,

I

;

l

(

i

issue of

Texas A

Pacltio seconds,

and $i2,U4,OoO

to retire at

onoe

$3,952,000 gold funding notes and *3. 4 12,000 Kansas A Arkansas
Valley 1st 5s, and also eventually $2,51,6,000 Little Rock A Ft- Smith
bonds, $435,000 Little Rock Junction 1st 6s, *083,OOO car trusts, and
$20<>.000 Baring Cross Bridge bonds and th
<6.0O0
available for improvements.

The River A

(V. 68. p. 619;

V

70. p. 9 <7;

V

74. p. 206).

'O.OOO)
Dlv sums <s of 19(3 (present iby a first lien on 677 miles of road built or under construction see above) and on terminal property ut St. Lo lis. East St.
Louis, Cairo and Thebes and deposit of the bonds of the Union Ry. of

will be secured

(Julf

J4(Mi

RAILWAY STOCKS AND BONDS.

o
-

/
—
P

HH

to
O

<
,
1

5";

S5

55

•e

»—

*tj

55

hJ

-*}

CO

p,

O

0£3

*U

F-<

H O
-

-4

cu
O «
/.

~ H
O

1—

- CO
w
55

Vol. lxxvii.

<
&
*

_a

cc

CD
HHM

tt
^* ">

««5
CXa

^M
GC
~^

O

CO
GO
^~

S

H

G©

Oct., 1903. J

UAII.\\'A

H.\ M.KiiAJ'h.

For explanation Of Column
OD tlrst pttK**

<>f

in
i'.i,.
l>Mle
of

..I

i-i*«-,.»i
»'

ar

Road Beads value.

tables.

I

* 1. xr. M. <$45,ooo,000) g .vie
o* 1,538
D«
do
gold. stamped, guar, p. il..o" 1.688
Unifying * ret M kiiI. I, $40,01 o o- o 1|p.... o' 1,538
River A <i DlT'lH 1-tM., $50,i 00,0*0, g.fffi
Car trust* Mar 31. 1 0o 3, dm Jimtv ept.v 80. J rly
Baring Cross Bridge Co., 1st m., gold, rod to6p
Little Book A Ft. Himtii lnt M..inii,i gr. sink. fund..
165
Little Rock Juno, lnt M m, p..v by Ir. Ml.JIe.o'
2

Slto'7 $1,000
l.(MM)

1890
l.OOO
1003 1,000.1c
'

.

KKK81 OB DlVli.tM.pal.Wheu liuf.
WtUa WLrn-I'dUhln,.,,,!!.) stocks— Last
1

Kttl<

riiilHt'lmllntf
o™»»»«"0

"

H"

1

1st M.. $1,200,000 ....
Me
Mob. lark, rf K. <).— In' OOD. M..$ l.OOO, (MX), tMe.o*
(ilf.AC. l-t.M .$- oooix 0,g ,gu.re I. L10.I ol.o*
Mobile 4) Ohio— stock
1st M.,.Mol to( ol. i|.riti.kr..liit. iiw fill money). F.o*
1st M.,ext.-n.,( ol u in .ii. 'a in. A branch. *oltt K..0
General mort. for 9 10, .00,000, mow gold! s. f.FO"
Montgomery |)| v .,
+1 ,000,000, gold Ce.o*
••

i.

I

149
95

Collat trust, gold.

o»U

dm

at

trn-t-.

m

ries a. c.

Memphtu

1

Additional bonds

may

be

If

1.00O
l.OOO

472

1--1897

000

1,000
500*0,

1*01

38

•

,'i

(H)

Ac

1P0O
1890

.+:io

in

i

t«ni

it-

.

sued np toatotalof980>000.000

ji..|

r

Ajsnuai. KK1..KT.- Report for 1902 in V. 74.
Tear ending Pee. 31—
1002.

590, showed:
1900
1901.
Gross earnings
917.640.578 916.961 .o_'l
914,68 ,037
Net earning
0.A94.32O
6,944.947
6,033.022
Other receipts
1,002,572
1,274.007
899.235
Total net Income
7.J.0-4.927
8,007.519
6,432.257
Interest on bonds
3,170^31
3,118,403
8,070.598
Taxes, bridge exp., rent'ls. Ao.
757.40s
936.591
1,206,547
Dividends
;10%, 2.578,»31(6%)1,547,283 <6%)1,547 248
p.

— (V.

sur.Sl, 222,974

$2,584,305 sur.$608,870

75, p. 982, 1400; V. 70, p. 2 3, 543, 1031, 1085.)

"Mobile <V IH mil ni;lin in It It .—Mobile to Marlon Junction. Ala
149 mllea; opened In July, 1888. Leased to Sontbern By from htar. 1,
1899, for 99 years, the latter agreelm; to meet tin- Interest on 'bonds,
and to guarantee a dividend on the 9900 000 preferred stool ol l
per cent for tlr»t year. 2 per cent tor Second year and 3 per cent foi
third your, and 4 per cent for tin fourth year and thereafter. The
$900. ooo common stooh Is owned by Southern By., and the voting
power on the preferred Irrevocably assigned to Lbs Southern By.
daring the term of the lease. V 68. p. 429, 1184; v. oo, p 891; V 71,
Foreclosed In 996 per plan V. 60, p. 657. — (V. 72, p 137 )
p. 1013.
Mobile Jaekaon A Kiim>ii« City It It.— Owns from Mobilt to
Hattlenbiirk'. Miss 98 miles Extension will be built north from
sen
mont, 80 miles sou thea tor rlst'lesoorg. to Jackson Tei>n.. ab.
miles: ol this, Beaum<o t to Deeatnr, Miss, loo niles will be com
pitted about Mar.. 194)4, and tin- bslano
in. in Decati r o th to
son. 250 mil. s win i.,- u»aaed irora tbeOalf AOhloago Bfl
rrom July I. 190 «. The Lull A Chicago I- (i irtU OOUip etefl from Mid
ilieten to Pontotoc, 62 mies. and t- en be standard gauged snd extended Its bonds i.elnc if ara. te.-.l principal n.tllut. re-t
Bee form
of guaranty, v. 77, p. 86. stork, Mooo.OOO; Issued Oot l. 1903 01,oi«. ooo; par of Ni.ares. +'oo
Both lasues of bonds shown In table
above re limited to 920.000 per mile or -tan. lard -cauge road. The
l»t con-..|i are subject to all at 110, There isalso sSe.OOOol
oatstaodlng due June I, 1946, f.-r whiofa an coial amount of l«t
v 7 p. 822; V. 70, p. 687.
oonso a !« reserved
for
Report
year ending June
80, 1003. in V. 77. p. 822,
showed gross, -J S9t»0; net. +i 3 517: rharges, taxes, etc, 4
bal sur,8 998 In 1901 9. gross, -t-167.329; net, 979,497 President,
\\
D. -tr.i !..!. Sew Y..r>
Beoi and in- :»-... pieroa 0. ii n'or. Directors, July. 10o3. V 77 p "'.». — (V. 76. p. 1 143; V. 7, p. 1225.
,

1

.

I

i

,

;.

t

,

.

.

;

',

A OblO

J/,i /( ro.
Owns from Mobile,
!{,/.
miles, proprietary line, Kentucky A l.n
to B Cairo, 21 miles; branches to Columbus, Miss..
miles; Colnmbus, Miss., to Montgomery, Ala., it.7 miles; with warriui
Branch. !> miles, uml Blooton Brunch, 1 miles; toiul owned. 715 miles;
8t. Lonif a Cairo il< ased),
aire to si.
ouis, 168 miles, w ith branch to
Mlllstadt.7 miles; total Incl detl in earnings June 30, 1903,874 miles.
The Mobil. A Ray Shore By., .-- miles, was taken o\.r..- of tprl l.
1903; its operations will be Included In earnlnsa from July l 1903,
v. oo. p B6«; v. 70, p. ir.-, v 77. p. 706,
Extension ni tPanlor

ITIobllc

Ala., to

(

It

en tubus. K>

.,

II.— See

)-

i.

17'J

kh

'_'

<

i

.

Branch, 15 miles, was nm pitted Bei t 1903. Nashville A- M|Delta KH.. st e V 70, D. 66o.
HDTOBT, Bra— Opened In 1861 securities readjusted in 1879.
Lands June 30, 1902, w< re B3.059 acres, rained at *15.r
In 1003 the Southern By
had acquired *7.900,<K)0 of the
$9,472,000 jjen. 4s ami 04,932,600 of the +.">. 320.000 stock. Issuing,
dollar for dollar, its collateral trust 4 per cent gold bonds in exchange
for the m A o gen 4s, seouied by a pledge of the latter um> alsi
trust certitbutes f.r stock, dtvi.l. mis being payable (A. A O.i at 2 per
cent for one year, 3 per cent for the second \ cur and 4 per eent In per
petuity thereaiter. The road will be operated Independently. V. 72,
.

,

;

-

p.

>

I

241, 483.

Diviuknds.- First dlv. (1 p. c.) paid Feb. 28, 1898; on June 24. 1903,
2 p. c rrom accumulated surplus. V. 70 p. 1408. As to dividends on
stock trust cerUtbutes sic paragraph above,
STOCK.—mock authorized, $10,000,000; outstanding, $ 5. 370. 600;
par, $100. The voting power on 94\984,200of the stock is exercised by
the general niortKHKe bondholders by virtue of the deposit in trusi
({eueral BOTtSage of the old debentures of 1879.
Boirpfc— Under the § sasral wortaaaa of 1888 there can be no fore-

under the

closure till font coupons are In deiau't
Mortgage abstract. V. 47, p.
V.tO. p. 007
83.
interest on $4,000,000 Bt Louis A Cairo 4s is
guaranteexi. As to Mont. Dlv. 1st 5s. see application V 66, p. 1045.
Of the *2.b00.000 collateral tru-t 4s of 10O0. 92,163,000 S
suable in exchange tor the .t6,500.000 8t. Louis A Cairo stock
sei
V. 70. p. 532. in July. 1908, *o,489.ooo stock had been exchanged

Evkmm.s.- 9 moa, >1903

Gross. 91 ,221, 99f; ner, $312,«39
Au«. 31. S 1902
1116.015; net.
Or. SB,
Report.- Report for 1902 03. V. 77. p 765, inciudin* Montgomery
Division. ISs miles, in la-t three years. Results of the Mobile A Bay
Shore Ky. were, grots, *5S,3 10; net $18,002; charges, $10,000.

July

l

to

W

J.
J.
J.

A
A
A

t

00

g.

4
4

g.

1

1

ork.

'.

l -.i

SOI
July I, V3, 2%
July 1, 1U46
July 1, 1H45
Jan. 1, I960
July

A<

York

N. w

.

Apr. 19. 189M
Jan. 1, COS

00

J.
J.
J.

g.
g.
g.
K-

5
5-6

5

A

S.

Li.

V

l

.

O.— Jan.
M.
F.

A

g

|

t

A
M. A
J.

J.

Nat

do

1

H..pt.

lik

1

do

NY, (iuur

r

I

N.
Vartooa. N. Y., Farm.
do
Various.

U

1947

..

Tnmt Co.
Y.Farm. I. .v
lnt Nut. Hk. Mol. Hi-. Al.

N.

May

1

May

1949

1.

to

I

l'.'30

l.

Juu.

..

<

do

I

1919
To.l-iio 15. -12

I

4 g. M.
3>*g M.

A
A

5
6

A

g.

J.
J.

8. N. Y., Knlckerb. Tr. Co.
S. N. Y., (ir Cini. Station

J.
J.

A

87 1
$6,500,488

y,2"»>09
income. 2,377 030

.',020,302
2.18»».0H7

Net, Incl.oth.
Interest and rentals
Balance, surplus*.

1,

199X

Mar.

1,

20O2

July

N. Y.. Central Tr. Co.

1,
1.

1930
1910

1901.

1909,

.

v«t earnings

6) pi

N Y .Mitroi.ol'nTr.Co. Jan.

Tear end'g June 30—
1901.
Miles operated
1-74
Total tfross earnings. $7 48»;.oso

ses)

July

do

.lo

N. Y., i.allatlu

8.

A A

To 1908

Hee text
200.000

)

Balance for year

u.

4
5

3 IV. 000

OOO

mil.- <>r main line for m u COnati notion, ami
tec nd tiaok atid braoob lines, bat not exoeeding
the actual onet, and f-T additional terminals, ri[uii inent. double
tracks, etc. r«ee alno ab.ivo. V. 70 p. 648, COO. 10s ..

at not "ver
$i 5,000 p

g.

5

M

I'

1

J.

2.500.000
3,900,000

l.OOO
1

5

ll>31

1929

i.

ilo
.lo

1,
1.

kUi

N. *. J.I'

6
6

1.000.000
974 '-i

l

163

S*

A
A

1931

1,

BOO text

3s-».0O0

1899
1,000
1901
1.000
1908
l.(MH)
990
1902 ICOOAc

182

A.
J.

lO

do
00
00

•

I

Apr
Apr
July

00
do
00

N.

text

l.OOO

'98

A

9,472.000
4.000.000
2,496,000
4,000,000
200,000

".00 Ao.
l.

do
00

"Juar'ly.

4

Dividend.

A

7,CKK).OO0
l.Ooo.

1,000

60
l-.'

It

6
7
6

1

100
1879 BOO Ac

f

Joint ei|.iipm>-iit notes (910,000 d< eseml aim.)
Moh.<t Mat biM + VOOOp in v.iru p..vi.(en.i - o'
o'Ar.
OoaaoL mortgage, 910,0 o.ooo, gold •;
MoHoiiytihit.i liUm KM
Bonds see B. A o. kk.
Montana Ventral M.-e iihku Nmkmii-kn.
Montana Hli 1st M.,g., 92,000.000
Oe.C"
Monioonru i:,t> i i-tM TCOO.noo. lawful money <<
.

895

19o,3

<:.<•

Louis .V Cairo 1 Mt mort.. gold, Interest guar 8
Mobile A K. Nh. 1st M . 0200,000, a-sum ,tt.,V.O'
Equipment bonds (f 373.000 are 6
Equipment ttusts "A" A "B" (V. 71, p. 749), s. f.
8t.

Equipment

1

J*

l

900,000
600.000
1,200.000
-~ 2.000
See text
5. 37O.0O0 See

i.ooo
too, i.ooo
.'.»,

i'49

<

MM
i$2,50O.000|

2,3

1O0

A.

g.

4 g

l.OOO

LB91

/.'

c

ft

3.410.OOO
800,000
.00 Ac.

I.

,

Mobilt <e l.irmim/h
v.
net. stock ($800.000)
Prior lion, gold, $OoO.OOO.Ce

5 g.

27.03tt.O0O

vWom

Payable

c,.i.t

|30 937.000
o.ooo

1878

<•

ID

I

Uonas— rTmcl-

Missouri i'aclfic 8ytt*m [Concluded) —
St. Lou in Iron Huuntuiti d Souther n
Gen. consul.

1
1

i

STOCKS AM) BUNDS.

\

MlU*

Ac, see Udtm

lie lldlllgB,

—

1

I

•747.2.0

».-i4

876
95.P90.73
1.003.105
1.756.273

107

1,920 012
1.555.310

1.500

$3G6.7U2

l,"-t9

1 ..'() 0'!3

1900.

874
$6.130 912
1,80". 001

1.41 -.046

T33..I.29

Kt|ulpment and new construction (additional to ojieratlnv expen..-t
* (14.90c in 18990. 4389.416 In 11
I. $417,610 in 1901-9
1.660 In 1902-3; in 1902- dividends on stook, 910
1

cenli w. re

alo

paid

— |V.

70.

p.

48. i5s,

UO-;

765

V. 77, p.

)

Mol, Ho |i>. Terminal Oe.~V.76, p. 1203.
i|i>h»iik A UlaJon Bill.— (tin afsjr If l Ventral.)— Owns from
Herkimer. .V. Y.. on the N Y Central's main line northerly to Malone.
on the Central Vermont, with branches, 1H'2 miles In all
Hintokv. Lkask. Ktc— In 1893 N. Y. Central leaned the road and
gtarenteMl its Mrst mortgage bonda New Fork Central owns the
In 1002 a new lease 111 perpetuity was n.adi sad
95,000,000 stock
1.
<>f
whloh $2,500,000
$10 oot
3>fl per cent eon-. .is authnrised,
reserved to retire at maturity the itrst mortgage bonds ai d $;(,• ck),(,oo
v. 7», p, 830; v. 56, p. 782.— (V.
tor improvements and enlarvementa.
.

71, p 680, 680, 037.)

»lonon."—See OHIOAOO In lAKArOUSA LOUUVILUI Ky.
Ilonosngatiela Blver int.— iioad from Fairmont to Clarksburg,
Va.. 81 miles. Bead opened in 1490. tt. A O. owns all of tbe $1,300,OOO stock (par $100, the coal bonds eiog re. bice. t« 11,000.000 car
trust Os. principal Apr 1. 1902, $377,000. For year 10OI-02. gross.
$526,958 set, 0196,660; lnt tuxes, etc $40,585. Earnings now include. In H A o. system.— (V "O, p.
002.)
If! "ill ana It It .— I. mil .artl, Mont.. to LswiStOWO. 1 57 nille", Including
mile-, oprnel Nov. i,
sxtenslon fiom Harlow ton to Lowlstown,
miles total. 103 miles.
from Sun mil to I.eatlboro.
in
190
»*

i

w

I

1

.

,

I

1

t>'.\

(

il

fr

stoek aethonsed, *8JMM).000; issued, gi.aoO 000; parol -hares. $100.
Of he 02,OOO,OO<> bonds, all oatstandUR, $099JX)0are stamped redeemable at ID) unit Int. on o months' notice, the remaining $1 ool. (HO
as ooHateraJ for
iieitiu' held June BO, looi, bv the Northern Paotflo By
notes
Year ending .lime 30, lv08, gross. 01 6 1-'-; net.
President. H Ii Moore, t'hlladelpbui Pa.; \ '. • n - HichKuch-. Helena. Mon
Helena. Mont.; *.-< v
V 7 1 p. 1 167.)
Trcas, K. W. Shari e; (On M«r , Role rt Kantoul.
H «»atere 1 a Hexleaa «;nir int.— Purchase. in June. 1901, by
the Mexican Central Ky .- (V. 74, p. 037; V. 75. p. 900
V|OB(Jp»aaerj Hell l.lne Ky.—owns real estate and a belt
line in Montgomery, Ala., about one mile of track on Tallapoosa,
ar.l

.

1

W

Harow

A.

.1

.

1

.

1

)

Alsbona Midland Kv pays an
Bell. Terry and Columbus streets.
annual rental of 016,826. The Atlantic Const Line KK. owns 90 per
Capital stock Is 9200,000 par. $100.
If the StOOfc.
Montgomery A l\rlc It)'. — [Sir sfost 0>4s Ho itrinid.)— Owns road
from Montgomery to uoshen, N v
10 miles. Bead opened 1807.
in IsTJ to V Y I. B.A a
now BJUI KK. -which see Hental
Stock, 9160,000. Dlv blends
.31 per annum.
(9 percent per
-cniiiiiii) are paid May 10 anil Nov
10, -Inkuiv fund $6,500 per annum.
Moore Co. A \% cutt-r 11 It It .— See \ 74. p. 776.
MoruaiCH l.o 11 1 Mia nu A lex an It It. A Mtaninlil p OoSB i-ii o>

cent

i

.

»

(

I

•

'ili 'if. Southern Pacific, )
KtiAI>— Owns AU'iers to Cheney vllle.
205 mile-; )>raiiches. 95 miles trai-kage to Alexandria. 2-1 DlllMi; total
;

railroad lines 324 miles; tteamshlp lines ami ferries, 3,1 7.. miles.
OmiAM/ \ rtns The St.utiiern i'acltlc 'oiup.tiiv owns ab of he $15
OOO.OoO i-tmk Operated Independently since Jan. 1. 1902. bal in
conn* otlon with so. Hue. system. Oomuenj has 8 Iron steamships aod
6 ferry *ud river steamers and 6 tu*s plying between New York and
,\.w
ir'eans and between iulf iiort-.; also wharves and warebt
Eakninos. 11 mos., > 1002-3 .. Gross. $1, 30s 01 3; ue;
July 1 to May 31.
-.
.'.,132.327; net.
> lOOi
2,18
In year ending June 30, 1902, gross, $7,101,020. net, including
(

-

I

I

—

other income, 93,007,488; narpius over ohariree, 91 ,*•
00. under lease to 80. Pao. $1,7 .1,224. -(V 75, p. -'..<>; Y 70. p

A Kmoi

Kit.— (S>e Jf.i/i BJ
Western..)— Owns from Hoi. ..ken. N. J., to I'hill:,
^lorrlw

e»

due

USMason LacKniranna

<«

miles;

branch, Denville, N. J., via Morris ,v I aaex Tunnel, to Hoi.oken. BT. J.,
35 miles; leases 37 miles; total operated, 187
l.i- \sk.— Leased In perpetuity to Delaw are Ls
ka wanna A West.. which
•issumed all liabilities and pays 7 p. c per annum on the capi'a -t«>ek;
whenever 90 p. e o! groaa earnings are -1
lent to cover interest on
b ml-* ai il 10 p c on -to. k.
n c additional unist be
'OO were reBonos— Of the $3 ),0OO.00O 1st rerun.
serve! to retire BXiStlng bonds, and 011,032,000 were apidlcable to
>, p. l-u. 177, Y. 71, p. 1167. See
additions and Improvi n
ti

1

lorm ofgoarai ;\. V. 74. p 130s.
road is important to the Delaware Lackawanna A
KAOni
western as a route with terminal facilities on New York Harbor, but
After payment ol rental
rhe earnings show a larae annual deficit, viz
in 1902, $595,976: In 1001. $1,415,170 — <Y 71. p. 884. 191
Morr I'towii A Krlo Kit. Owi - Morrlstowa, N J o Whlppany.
branches, 2\ miles. Bram h from Whippany to E»si-» Fell*.
eoneoUdatton
7 mile-, ia expected to tt
pie ted bi i)-c,l;0(.
10O3. Stoo^, $400,000. »11 outstanuing; par 01 shatts. $10O.
•

.

1

.

B

:

:

RAILWAY STOCKS AND BONDS.

1408

[Vol. lxxvii.

INTEREST OR DIVIDENDS.

RAILROADS.

Huiult—ftlUCl-

Miles Date Size, or
pal.When Due.
Amount
Par !r»,t»ri tt l^i\><> Rate per When Where Payable, and by Stock*— Last
of
of
For explanation of column headings, &c, see notes
uuwtanaing Cent. Payable
on first page of tables.
Road. Bonds Value.
Whom.
Dividend, %.
,

,

I

Montgomery <t Erie .Ry.— 1st M. (old 7s ext. In '86)
2d mortgage (old 7s extended)
MooreCo.it Wet!.— 1st lie rt.. gold $1 ,000,000 1
Morgan'! La. <t Texas— 1st M.(NOr.to Morg C.).Fo"
.

1st mortgage, Alexandria Extension, gold.F
General mortgage. K
Mom* <t Essex— Stock, 7 p. o. guar. D. L. & W
1st mortgage
Con. M. (for $25,000,000) guar. D. L. A W. C«o'<tr
lit ref mort,, g. $35,000,000, gu., p & end. F c-.tr
.

.

,

Special real estate bonds
Morris & Essex Extension stock, guar. 4 percent.
ilorritlown it Erie— 1st M., *300,000, g., sink fd
Mt. Carbon it Port Carbon RR.— 8tock (rent'l guar.)
Muniring -1st mortgage, gold
Muscatine No. <t Ho.— 1st ML, $450,000, gold.N
Muskegon Or. Rapid* <f Indiana— 1st M., gold.Ce.
Narragansetl Pier RR.—1st mort., $100,000
Maih.ua dt Lowell— Stock, 9 p.o. rental, 92 yrs.B.&M.
Nashville Chattanooga cC St. Louit—Stock
1st mortgage (for $6,800,000)
o*&r
1st M. on Fayette, and MoM.brs. ($6,000 p.m.)o*Ar
.

1st mortgage on Lebanon Branch
o*
1st M. on Jasper Br. ($90,000 are 8s. due '06)Ce.c*
1st mortgage on Centrevllie Branch, gold.Ce. o*£r
1st mortgage on Tracy City Branch
o*«fcr

....
....
....

102
157
204
"

85
120
120

1866
1867
1897 100 &o
1878
1,000
1880
1,000
1893
1,000
50
1864 500 Ac
l.OOO
1875
1900
1,000
Var'us

2
....

R.

1,000

50

"38
28
37

1900
1,000
1898 300 Ac
1886
1,000
85 1896 1,000
15
100
100
340 1873
1,000
125 1877
1,000
29 1877
1,000
43 77'83 1,000
46 1883
1,000
20 1887
1,000
48 1881
798 1888
1,006
119
25
I

The bond*

(present issue. $250,000) are subjeot to call for a sinking

fund at any time. President, R. W. McEwau; Treas., R. B. MoEwan,
11 Broadway, N. Y.— (V. 77, j>. 511.)
lflount Carbon Ac Port Carbon KB.—Owns Mt. Carbon to Port
Carlton. Pa., 3 miles; second track, 2*<j miles; total track 16 miles.
Leased March 5, 1860, for 50 years to Phila. & Reading RR. and lease
assumed In 1896 by Phlla. A Reading Railway. Rental $36,250 yearly
IQuNcatlne North Ac South RR.- See page 1490.
Ifluakegrou Grand Kapids Ac Indiana BB.— Owns road,
Grand Rapids to Muskegon, Mich., 37 miles trackage, G. R. A Ind. at
Grand Rapids. 4 miles. Operated by Grand Rapids A Indiana RR.,
which was foreclosed in 1896; consideration, net earnings Stock,
;

authorized, $350,000; par,$100; Issued. $1,000. Coupon of Jan.. 1902,
paid in July, 1903. For 6 nios. ending June 30, 1903, gross, $71,282,
against $78,507 in 190'; net, $13,301, against $25,912. Earnings for
year ending Dec 31, 1902 gross $164,491; net, $43,101; Interest on
bonds, etc., $38.100.— (V. 77, p. 89.)

Nafthvllle Chattanooga Ac St. Lonln By.— (See Map.)— Owns
fron Chattanooga, Tenn., u> Hickman, Ky., 320 miles; branohes to
Lebanon, Ac, 485 miles; leases Western A Atlantic Chattanooga
Tenn.. to Atlanta, Ga., 137 miles, and Memphis A Paducah Di»lson of
the Louis. & Nash ,255 miles. See V. 71, p. 544, 664, 864. Total operated July 1, 1903, 1,195 miles.

Organization.— A majority of the stock ($5,500,500) Is owned by the
A Nashville, and pledged under its unified mortgage, etc, so
that the two systems are operated In close harmony. Weet'n A Atlantic
La leased from State of Georgia till Deo. 27 1919, at $420,012 per an.
Louisville

Dividends) 1888 1889 1890 1891 1892 1893 *94 '95 '98 None
4*4
5
5
5
5
3% 3^ 4 y'rly since.
S
Bonds.— The Traov City branoh 6s fall due $20,000 yearly on Jan. 1
to 1916 Inclusive, and $100,000 on Jan. 1, 1917.
Consolidated mort. of 1888 provides that all prior bonds shall be paid
off at maturity; sutlident of the $20,000 p. m. are reserved for them.

elnoel887...

Jointly with Louisville & Naahvllle guarantees $2,500,000
Terminal Co. bonds. See L. & N. V. 75, p. 1354.
Latest Earnings.—July 1 to Aug. 31 (2 months):

2 mo*.

Cross.

1903
1902

Annpal

Net.

LAN.

Interest.etc. Bal.,tur.

$471,169
$299,963 $171,206
$1,639,090
30 1. 374 190,986
1,475,427 ! 493.360
Report.— Report for 1902 03 in V. 77, p. 766, 949. Includ-

ing Paducah

A Memphis

division,

254 miles,

in three lat r years.

1903
1902.
1901.
li<00.
Fear end* June 30.
1.195
1,195
1,195
Mileage end of year...
935
$9,60 1,370 $7,992,530 $7,620,128 $6,487,318
Gross earnings
2,610,766
2,370.416
2,509.002
2,246,734
Net earnings
18,130
22,253
Investments, etc
28,068
26,178
88,682,H3l $2,3»8.546 $2,531, 2o5 $2,272,912
Net Income
Int. on debt and tax... $1,1 83. 73 $1, 156,768 $1,231,484 $1,262,005
Rentals
625,878
625,878
625,877
422,268
Dividends
....
26,000
81,189
Miscellaneous
54,514
42,731
sur.$797,4S0 sr. 8524,711 sr.$619,380 sr.$525.908
Balance
-(V. 75, p. 287, 730, 1354; V. 76, p. 48; V. 77, p 296, 766,949.)
Naahvllle A Dream r BB.— (Sec Map Louisville dt Nashville.)—
Owns from Nashville, Tenn.. to Decatur, Ala., 119 miles. Re-leased to
Ixnilsvllle A Nashville in 1900 for 999 years, the rental being 7>a per
cent on stock. The L A N. July 1, 1903, owned $1,971,600 of the
stock.— (V 68, p. 928; V. 69, p. 1012; V. 70, p. 1195.)
National BB. of leilc".- (See Map.) -Operates a road extending from Corpus Oh istl, Tex on the (<ulf of Mexico, to the City
of Mexico, witii branch to Urnapan, etc., which upon completion of El
H.iito extension (out off) donna 1993 from Haehuetocs to Gon1

,

]('>>

miles, will consist as follows:

ndakdGadoh

Owned

Miles

\

Naiikow gpaoe

-

Owned

Mile*

802 City of Mexico to 1'riapan. -.321
8 Aoambaro to Gonsali
I HJnoon to Sai Lois de laPac.. 81
men to Jaral
22 VauegM to Matahuala
37
Oontrollf.it — Been r orr„,</
Looted
Mi viiii, K\., Corpus
Mloboaoan m I'acltlc Ry.,Mar.txatlo to Zltaouaro
chrlstl to Laredo, Tex., and
57
162
branch
Total of all (see below)
992
Total standard gauge
Also controls by ownership of a majority of stock the Mexican in
tcru.'itlomil KK.. extending from connection with the Southern I'acltlc
at Eagle I'ass. Tex., to Duraiigo, Mex.. and to the National RR. of
- do
Mexico at Monterey, with branches, B80 miles In nil. and owns
taohed branoh (narrow guage) not Inoluded In table above, fi
Miguel to Matamoroa (7< miles) to be itanda d
and extended
iineetion with the main line at Monterey, the total distant
Matamoros to Monterej to be aboal 222 miles; Intern caul' Ky. of
Mexico (controlled), 550 miles Grand total ] item, 3,001 miles.
in June, 1903, 769 mile- main line, extending from Corpus ciirlstl
south to Gon tales were standard range and m operation, this inOladlng the Texas Mexican K\.; V. 7 >. p. 1147.
Oho*M7. vtion.— Incorporated In I'tah on Kel>. 21.1902. as su
without foreclosureofMoxIcan Nat. KK., i>er i>lau in V. 73, m. 78 1.
Laredo

to City of

Mexloo

Mexloo to Taoaba (8 rail track)
Olntura line ( * rail track)

5
5

1,494.000
1,000,000
15,000,000
5,000,000
11,677,000
9.600,01

I

j

I

|

I

I

I

1

1 1

221,000
250,000
282,350
160,000
398,000
750.000
70.000
800.000
10,000.000
6,300,000
750,000
300,000
461,000
376.000
347,000
22,000
7,46>,000
3,567,382

Goshen. N. Y.
Goshen, N. Y.
Inter Trust Co., Boston.
N.Y.,8.Pao.Co.,23Broacl
do
do

5
12
4

g.

M &

do
do
do
do
do

S.

J.AJ.15

do
do

N. Y., Del. Lack.

.1.

1,800,000

100

....

1903

RR., 2d mortgage, now 1st mortgage, g.
Consol. M. ($20,000,000) $20,000 p.m.. gold. Us.C
Nashville <t Deeatttr Stock, gu. 7 1* p. o. by L. & N.
Na*Kvillc Florence dt Sheffield— See LOUISVILLE & Nash VILLK.
National RR. of Mexico —
Prior lien M., $23,000,000, g., call at 105.Un.o*. 1,405 1901 500 Ac.
First cousol. M., $60,000,000. g. (see text) Ce.o* 1,405 1901 500 Ac

Duck

M A N.
A. A O.
•«• M A S
A. A O.
J. A J.
f- J. A J.
7
J. A J.
M. A N.
7
7
A D.
3** g. J. A D
4Hi
M A N.
4

$130,000
40,500
438.000
5,000.000

Phlla.,

A

A.

4i* g.

4

g.

J.

A.

A
A

J.

1914
1915
2000
1912
Nov.. 1903,2*

June
Deo.

1,
1,
1,

Sept. 1, 1923
Read'g Term'l. July 15,*03.6*
Oct. 1, 1925

N. Y., Speyer

O.

Mch.

May

do
do
do
do
do

.

20,000.000
22,000.000

1926
1927
1917
1918
1920
1913

1,
1,
1,
1,
1,
1,

Oct.

Apr.
July
July
West, July l,'03,3>t

A O. am. Trust Co., Clevel d
J. A J. N.Y..N.Y. Sec. A Tr. Co.
5g. J. A J. Jan. ,'02, pd J ily,190.
F. A A. R.I.Hosp.Tr. Co., Prov.
M A N. Nashua, Indian lid. Bk
9
1 for '98
N. Y. and Nashville.
q .-F.
7
j. A J. N.Y.. Hanover Nat. Bk.
j. A J.
6
do
do
j. A J.
do
6
do
6g. A 8 j. A J.
do
do
do
do
j. A J.
j. A J.
do
do
M & N
do
do
do
IS A. A O.
do
Nashville.
7* J. A J.
g.

May

A

Co.

dn

do

Jan.

1929

1,

July 1, 1926
Auk. 1. 1916
Nov.'03. 4»*%
Nov. 1, '98, 1%
July 1, 1913
Jan. 1, 1917
Jan. 1, 1917
Jan., 1906 A'23
Jan. 1, 1923
Jan. 1904 to'17

Nov. 1, 1908
Apr. 1. 1928
IuIy,1903,3H
Oct.
Oct.

1926
1951

1,
1.

Mkxican Government, Etc.— In June, 1903, the Mexican Govern"
I ir $9,000,000
at>out 47 per cent of the entire out"
standiug stock. See V. 76, p. 1301; V.77, p. 4 51. Nearly all of the $33,350,000 common stock consented to the conversion of that stock
Into new 5 p. o non-cum. "second preferred and '•deferred" stock, to
be Issued at he rate of two shares of second preferred and one share of
deferred for every three shares of common stock, per plan V 76, p.
1192. The Government holdings consist of $10,000,000 fl-st preferred, $9,343,900 second preferred and $ 10,62 rf,8u0 deierred stock.
V. 77, p 1225
The National Company acquired the 41,000,000 Interoceanlo
Ry. of Mexico second debenture stock, t' e latter, wita preference and
common shares already owned, giving practical control, thus securing
f.'T the Natioi al a line from Mexico to Vera 'ruz a-id an outlet to the
Gulf of Mexico. (See "General Finances" below.)
The Governmen will also consent to the consolidation of the National, Mexican International and Iuterooeauic ..js., and grant an exclusive loncessi >n for 20 years from October 31, 1903, to construct a
road In a zone 50 kilometers wide wlt'i the Rio Grande River as the
northern boundary, and extending from the Gulf of Mexico to a point
100 kilometers not th west of ludad Portlrlo Diaz.
Stock - Comlnon stock was $33,350,000, and pref (now let pref.), 4
p.o noncum $32,000,000, all outstanding. In O t.. 1903, the common stoi k was mostly exchanged for new 2d pref stock (tota' Issue to
he $2.i,2*3,S33) and deferred stock (total Issue to be $11,116,666). See
above Outstanding, 1st pref., $30,063.' 00; 2d pre r.. $21,489,200;
deferred, $10,744,600; par of shares. $100 each.
The first preferred
has a prior right to 4p c, then second pref erred 5 p. c; then 2d preL
and deferred share pro rata.
Bonds.—The new bonds are reserved as follows
Reserved.
Prior lien bonds. Total issue [except to refund, $ for $,
Mexican International RR. prior lien bonds, now
$5,850,000] not to exceed $23,000,000,of which are
reserved for general purposes under proper restrictions but not to be sold before Jan. 1, 1904, except
to meet any unexpected inorease in expenses of
changing the gauge and building El Sal to extension.
$3,000,000
First consolidated mortgage 4 percent gold bonds. Total
Issue [except to refund, $ for $, Mexican International RR 1st consols, now $6,983,000] not to exceed
$60,000,000. of which there are reserved
Reserved to retire new prior lien bonds wuen due
23,000,000
Reserved for Improvements and new equipment, at
not exceeding $500,000 a year
6,000,000
Reserved for acquisitions of new property and for extensions at not exceeding $10,000 per mile of standard-gauge line, or $7,500 per mile of narrow-gauge
line, on which the oonsol. mortgage will be a first Hen
9,000,000
The two new Issues of bonds are secured bv a first and second
respectively, on all the property of the Company now
lien,
owned or provided for under the rea ijustmont and the El Salto exteninent purchased

'

t

'

,

sion when constructed, and also upon the securities of the Texas Mexican Ry., and the consol mortgage has also a li r.-t lien on $15,7^6,100
of the "$20,708,200 capital stock and all of the 14 499.000 incomes
of Mexican International. Of the $22,000,000 consols issued, $756,562 were on Jan, l, 1903. In thetreasurv.
In June, 1902. an agreement was ma e to guarantee the $6,9-4.000
Mexican International consol. 4s, principal and Interest. See that
compauy's statement; also V. 75, p. 77.
(Jeneuvl Finances.— In 1903, $9,300,0 twoOO-year 5 p. c notes
(authorized issue, flO, 000. 000), were sold to p.ij for control of Inter
oceanic Ky.. da'cd Oct. 1, 1903. They are subject to call at par on
Ihey are
60 days ootloe; denominations. 91,000 and $5,000 each
secured by deposit oi 41,088,400 Interoccanlc Ky. of Mexico second
debenture, 8&07,ft00 ordinary and £102,000 seven p. c cum pref.
stock. $3,000,000 Mexican Internationa] 1st eon«oi (stamped guaranteed) and $1,050,000 Nat. BB of Mexico 1st o nsols. The r matutng
$1,700.<H)0 notes may be lssu-d on deposit of additional seeur.
Eakninoh.-h months, {1903 .... Gross, 87,722,525; nct.:r .i;2 »,463
Jan. 1 to Aug. 31
Gross, 5.87(1.781'; net. 1.976,161
J 1909
Above figures are in Mexican currency. 8oe also V.77, p. 12 J5.
Kii-okt. -Fiscal year en is Dec. 81. Keport for 1909, with
aJTNUAL
nice slieet. etc.. wai given in V. 76, p. 74 ). 761; see als editorial p. 726. Gross and net earnings lielow are given In Mexican curronoy, the Income account In (/ 8 ciirrrncy. For earnings of the
d international (operated separately) see statement or that 00.
in, QUI
tOOOl "-T — (O. 8. CURRENCY KXCEl'T OBOM EARNINGS.)
Yrurrmhnu 1> r 81—
1901
>09
:i
;i
1
1,849
Average miles operated
11 mugs [Mexloan currency)..
$7,72
$9,262,860
r».Ji4,i76
2,923,193
Net earnings (Mexloan ouirenoy)
.Net earnings (Uuited states ourronoy)
1,410,198
1,329,429
Mi HINT 1902.
INCOMl
I>i ilnrt —
Net earnings
81,819,489
Interest, discount and
$16,688
15.627 Id lit. (Is
1.793
exohaage
3<I..V»7 Interest on bonds
1,557,299
Interest on bonds, etc.
Loss on Mex. money assets 119,997
,

,

(

-.

1

1

1

I

Total

Total

$1,728,653

Surplus for year

.$1,675,707

$32,916

Oct., 1903.

RAILWAY STOCKS AND BONDS.
UIMI

RAILWAY STOCKS AND BONDS.

1410

Caftan

Carrteo»oiL

I

w

,x

LLANol

11/

sM

c

ESTACADO

o

/

v—
c\J,

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"•Stamford

<;

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\
V.

e/4l.r*> Cox Canon ^'fSpnm; Lake

/

[Vol. i.xxvm.

/

I

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C

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Btownwood

rf>
.

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ta»m

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AT

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xv

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West r.Mi.iV

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^jJN'ortc
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t,

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\

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inillas

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ARANSAS PASS
'US CHRISTI

,c *i

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S
/

,

II

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Nonitiiy de Dius

/Sombreretc
,

>r £/

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l

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uV,,ii

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ARIAS

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NATIONAL

K.

15.

dp

MEXICO

-

Z
MEXICAN INTERNATIONAL

^MM
•

•

IMl.

NATIONAL RAILROAD OF MEXICO

••••••••MEXICAN INTERNATIONAL

— PROJECTED

LINES

o

t?

"ill

i

/.hi

la

Ra*.

/;'

R. R.

1

X

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,

/

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-

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1

Oct..

i

,

liAILWAY STOCKS AND BONDS.

no;;.
|

RAILROAD".

Nat.of Mfx.-(Oon.\—Co\n< tea. * O.OOO.OOO.g red.
Naugatuck— See BT. Y NBW MATCH A UASTTOKO.
Nesquehonmg Vol.— Stock subl. to call Hep. 1, 1904
Nevada-0alif.-Oregon. — \nt M. #1, 500,000, gold
Nevada Central— 1st M.,g non ciini.. Inc. (s f.).Ce

321
lst0Ons.M.,$17.500.000,g..gil ,p .V
end.via.o'
359
N.Y.AN.E. Boh Term lnt M, $1,500,000. A •« cAr ....
NEW HAVEN & NuKI II WICtuN. See Ni H VuliK.V K W 1
New Jersey Junction 1st. M., Knar., $», 000,000. oAr
5
Hew Jersey <t New York -ik Ball Kit Co.
NtwJer.ey terminal— 1st mort., $250,000. Col. ..
7
121
JTeto London Northern— Htoek
Consolidated M., now i-t M *t;«R.0O0 are 4e).o*
121
...
N. Hex. Ity it Coal— 1st <ft con. <fe eOL tr. M g Col
165
Collat. trust, tf Id (03,000.000) red. at 105. N
N
30
Alam. A Sao. Mt I si M $900,000, g.. guar
El Paso* Rock I., Mt M.,93, 500,000, g gu.Col 0"
....
Dawson Ry. A foul, oil. tr., if go, p. A l.Col.o* 130
New tJrieitits it North tastsrn PrlOTllenM.,g Ge.0' 195
0*
1st mortgage, gold F
195
General mortgage, 98 ,000,000, gold.l»
o*
195
Income mort. (nomcum I, 91.500,000, gold !•.. r 195
New Crl term.
-t M ,915.000.000,8 gu. texts
Newport it Ciucin. Km, /,/,
Btook, 91,500,000
1st M., $1,500,000. g..s f «rn n A- I. end by Pa. F Co.oNewrmtN' rt/iw.-\ hiM. A -.MWOiH) g.,red text«»B
N. f. Brooklyn it Mauhat. Until Common stock..
Preferred stork. DOS cumulative
20
20
gold, guar, ov L. I.O.o*
1st con. ML (now iMt M
.

v 1

\H

100
1,000

1,000
1,000
1,000
1.000
1,0-10

1,000

100
1,000
1,000

L896
1902

100
100

1M«5

1.000

Benij Ruhlender. WU» a «i. Noel ttnle, Henry i". "'prtb«din
(Jordan Mwodonaid,
v
",,n
da ttertdnff, u'm. 1.. Raonl, m m. Reynclds,
1.

1

Henry w.

Part,

K
and Chti Smith,

do

all

I.Hiidn y

OlTIOlU

Brown;

da

I

nu

k.
in

1'.

I,.
>

Md„ On

Lore*, Baltimore,
mi. in

1

Veln»ct». K. N. Itrowu

nil

d Vioe-Pres. and (ion. MgT., B. !f,
Keynolda; Bfo. and aaat>Traaa .Wni.Burokel;

O. Raool;

l'ic-...W
ptroller,

M M

Treasurer, J M. Kruzer.

New

Neaquehoiiliitr Valley

Vo, k oillce,

It It.— Owns

:!()

I*im< >t - (V. 77, p

from

[ffaaniiallOllllia

L225.)

J II IlllttOn.

Fa., toTiimeiiend, Pa., 17 iiiIIcm; Tunnel Branch to l.ansford, Pa., 1 mile
Leased for 999 years (with 5 p. 0. guaranteed on stock till 190tt to the
Lehtirb Coal A Navigation Co., which under lt« option has the rUht to
retire 'he Stock at par and Intercut on Sept. 1, 1904
l>elasee It, 11.
ware Division Canal" In V. 66, p. 1139.
NeFada-Callforiilji-Orcsjon It y.— Reno, Nev., to Madeline, Cal.,
144 miles; extciisloi proposed to Lake View, >rc, 95 miles, The Sierra
Valleys RK., Plnmaa to cia;r\llle, Cal., Is operated Independently
V. 71. p. 776. Btoek, emu non, $1,450,000: preferred, 0750,000. all
outstanding During 1 901-2 1 p. o. bonda were all axobanged for 5a,
' -

;

<

EAaNrN08-2 mouths, 11909

Oroas, 980,695;
Groaa, :<»,j_*:,

July 1 to Auk .3i.
( l!«>2
Barplna over onargea 911,358

n.t,
net,

$1S,740

12,589
l9oa.
K« port tor v.-ar 1901 '2 waf In V. 7t>. p. '20-'.
In 1902-3 serous, $196,297; net. #85,911; int. on bonds. 127,651: 0*L, Bui
|58,2 13 Pres.,

m 1903, agatnat *8 ,839 In
.

I).

(

.

Moran.

1

B U

in. St.,

Nevada Central
narrow gauge,

nilles,

V.Y

—(V

7C, p.

262.)

lilt. -Battle Mtn.. Ncv., to An-dln. N.\.. 94
stock. $75o,000. Barnlnga lor 1908 'W, irrofis,
Ity railroad. Proa
J. <i. Phelps

tlo.o7»i; net. S13.9rf2; no Interest paid
tokea. (V. 7 4, p 379 )

Newark Somerset A

,

Straits.—Sold

A

to B.

O.

See V. 70,

p.

792.

Nrwbiirs UutchcNN A Connecticut UK. —Owns from Dntobeaa
Junction, N. Y, toMIUerton.N. Y..
miles. A reorganization In
977
STOCK, Etc. -Common, 9500, 000; prcf., $600,000; par $50. There
,S<)

1

were June

30, 190;c $ 96,000 00IL trnat 5aj 91,184,500 Income 8a and
825,000 of B p. 0. real estate M. noten.
In year ending June :10, 1903,
gross. 81812918; net, $i7, <>!>•; other Income, f >i.9; Interest, taxes,
etc., 910,518; hal.. surplus, $28.671.— tV. 65, p. 508.)

\r« Bnaland Kit.— New York New Haven A Hart. RR. owns
all of the stock, and -In -e July I, 1898, ban leased he ro id.
which includes- ines owned. Boat on to Hopewell Junction. N. Y.,2'8
miles, ami riinches to Hprtngtteld. Maas.. rrovldenoe, R 1., etc., lit
miles, i.inis 1 ia)
gee eeeh oompanj i. Norwich a Worceatei Bk.,72
miles; Providem-e a Hprlngfleld KR., 28 m.; Woonaockel a Paeot>ag
nearly

1

1

1

.1

RK., 9

in

.

other lines,

Through Norwich

A

.i-*

mles; trackage.

'20

mile-;

total,

Worcester KK. contnds Norwich
25 iniie».

.\:

miles.

"':!">

1

|

New

l

1

New

.

;

.

561 m.

In Feb., 1902, the El Paso A Rock Island Ry., with $2,500,000 stock.
Of which 80 per cent owned by the N. M. Ry. A Coil and $2.r>00,000 5
per cent guaranteed 50-year bond». completed he road from Carrlzosa,
i

J.

n

pt

9<

.

,

A.

A
A
i
A

O.

A

A. N. Y. Cent.

A.

A O

J.
J.

»

I

4

Q..-J.

A5

A

J.

5
5
B

5

g.
g.

K.

5

6
6

44

g.
g.

4

Y

A
0.

4g

A
A
A

J.

5

A.

5

1.
1,

1

1951
1951
1916
Jan.. 1911
1.
1952
July
Julv 1. 1953

v Y
lenteal Tract Oo
\ V., Mailer, SohallAOo
N. Y .Farm I. A-Tr Co.
g, tif earne I) on Deo. 1.
<

1

Pa

2.m%

July

J. N.Y..1
O. Old Col. Tr. Co., Boston

Cheeks mailed.

O.

1.

July
Nov.

1,

Oct. 1,
'

A O N.Y.Oorl.ln Hank'gOo.

A.

k.

Apr.
Jan.

do

J

3g. A.

1.

1,

do

to

Pittsburg,
4

lulO
1951
1047

1,

Oct.

Colonial Tr. Co.

.

,

J.

.V:

I

Y...'.

do
N.

4Hi p

g.

1

July
N.

a
x

iff to

1

1986

1,

Oct. 1. 19:i
Oct., 19

ml T

N. Y., Ooloi

•

it.

London.

1

Feb.

Hint. Rlv.

J.

m
m
A
a

K.
g.

A

N. Y.. Colonial Tr. Co.

>ct

,

*03,

Oct.

1.

1945
1939

24%
1935

N. M., to Santa Rosa. 130 miles, at a cotmectlon with an extension,
of the (Inc. Kock Island A Pac, with w.iich ailosetral'
has been made lor
V. 71, p. 1219
The Daweon Railway A- Coial company, stock $3. 000,000, h.i$3. 000. ooil collateral trust bonds which are guaranteed, principal and
-

cured by the stock and bonds ($3,000,000 each)
of the Dawson By. and those ol the Dawson Fuel Co. .$1.' OO.OoO each)
the latter owning about 25,00>j aorts of coal, mineral ai.d timber lauds,
V. 73, p. 900; V. 71, p. 779.

BtOt K -Stock, common, ft, 000, 000, all outstanding; 1st
pref., 92,600,000, authorised Jan., 1903, of which $500,000 Issued; 2d pref., r> p. c. non -cum #1,000
The con. trust 5s of 1897 are seoured bydepoaltof all the stock and
bonds of BJ Paso a Northeastern By. of Ne Me r. (92,700,000 of each),
'.•k of the Kl Paso a N
B. BR, of rexaa, 9300,000 (no bonds insued), and all the stock (92,500.000) and all the bonds (91,500,000) of
the New Mexico Fuel Co. the latter covering It. MX! aores of coal landa.
of the llr-l and consolidated and collateral trust 5s of 1901. $;i.OOO.OOO are reaert ad to retire the collateral trual 5s of 1-07 and $2,000,000
are applicable for In.proN cmeiits and new equipment, V. 74, I). 776.
Tin Bonds of the Alamogordo & Baeramento M't'n Ry.. or the El
Paso A Kock [aland and those of the Dawaon Ky A Coal Co are
For is mos ending Deo. 31, 1903, «rosn,
guaranteed. Bee a'o\e
KhbaL.au
Bl.098,644; net, 9116.654; lntereat, 9249,150; t
$162,209. Report for year ending June 30, 1901, in V. 74. p. 827.
N. Y. office, 68 William St.- (V. 70, p. 158 )
•',

cum.

.

,

it

New

Orleann

&

North Ka«tern Kit.— New

Orleans, La., to

Meridian, Miss., 196 miles; I is 60 and 195 are 75-lb. steel rail*. Stock
$6,000,000 (par, $100), of whloh $5,320,000 and $4,900,000 gen.
4 "us and $ ,5' 0,000 lnoornes were held n J 11 ne, 190?, by Ala. New Orleans Texas A Pac. June. Ry.
Reoritsnlzed In 1902 per pi in In V. 71. p. 681. Of the Ren. 41*8.
94,900,000 vere Issued in exchange for Lat 8a, $1,420,000 arereser\ed to retire the remaining prior lien bonds and $1,320,000 for
future requirements.
BAUTJraa.—For '2'j months ending Sept. it, !) 03, gross, $484,381'
agalnat *-ti7,69o in 1902. Report for 1901-03, v. 75, p. 904,
othrriuc. Int.. dr.
Halano.
Cross.
Yr. end. Jutie30.
Wit
$2
190303
82,285.036 $627,478 611,461 $3S5,124
342,450
193,045
3,160
1901 02
583,039
2,030,363
-(V. 74. p. 2t>s, 081; V. 75, p. l-i.S, j!»o. <> 14)
Owns from Vldalla. La.,
New Orh'aimW North wenter 11 KK.—
oorthweaierly to| Arkansas State Line, 115 miles, stock, $1,499,100,
r
r
v 7. >, p, ltoo.
all acquired by ir u Mtn (Mo. Pao. system).
\i-iv «» r 1'iiim Teraalnal c<».— Owi s e\ t< oalve terminal property
at New Orleanaand
belt railroad around the city, to bo oseo by the
Formerly the New OrSt. l.oiil-ASin FrancUco and Southern By.
*aa Franolsco, hut name obangnd, tb* company eou.ulrlng all
the terminals and rights own^d rii Sou hern Railway and St, Louis A
Ssn Praoolaoo interenta In New Orleans and the property of
par of aharea, $100.
Orleans Belt A rermlnalOo. Stool
Hrst issu- is e table above win be goai
The boi
00
by the ihtcago St. L >ui- Memphis a New Orleans
Frisco company formlmr 111 Juiy, li.i>, to Operate the Chi.
Louis through line) and the 3 mi t hern Ry, or posalbly one of Its
sidiary oompanti s. (V. 77. p. 37.)
Newport A- Cincinnati ltrl<l-e <«».— Owns bridge from Newport, K'y.. to Cincinnati, O
Louisville A Nash, is under contract to use
bridge; annual rental, $1 5,000.
Penn. Oo. owns $i.:i40.ooo stock.
Dividends Oct., 1899, 1 >s p. o.; 1900 to 1902, both in 1.. 3 p.
- U>7.173; lnt
for
B vkmm.s
.11
Id. nds, *|')0OO; bal, d» f
91,685.—(V. 68, p. 1159.)
Nortliwo«.tern It It.— Projei-ted from Newton to
Ifewlon ARockwell City, la., 101 mrcs; io operation, Oowrle te r*i
from (J. .uric to R ickwell City, !» miles, K
If
d, 57 in., are to be c mpleted
Boone, 7 miles, and from B001
2 to Boone Rockwell City A NorthRy, son k. $2,500.1 nu. ,iii ontstandlng. Konds are 1
Presi10 ami inters t.
V. 75. p 794.
to call on any Into
dent, Hamilton Browi.c
ry, William a. Kelley.—
1

1

1

.

New Vurk

Trans. Co.'a ateamt ra, )
HlsTt>RY. — A reork'anlzatlon of the New York A New England (sold
per plan V. ,SS, p. 783. In June, 1902.
In foreclosure July 9, 169
there had been exchangee! or was held bythefeaaee all except Of the $'20,000,000 common and $74,200 of the $5,000,000 pref Btoek.
Preferreo stock not exchanged receives dividends of u per cent per
annum under 99 \ear lease V BO, p. 8*4, «'>17. I0o2; V. •!;». p. 1012.
Btook hol<i era were ro vo'e0o r .32, i;io:t, to ratify leases of Mllford
A Wooneockrt and Mtlfo d Kr nkliu dt ProT. railroads. V.77,p 1228.
Bordb.— See guaranty of oonsola by N Y. New Haven v Hartford
RR. V. 64, p. 611; $10.1 00, o( reeOJ TBd to nil re Lata.—(T. 77, p. 1826
Jersey J 11 milon It It.— Terminal roail throuifh Jersey City,
Hoboken «u.i Weehawken, about 8 miles. Leased for 10O years from
June JO. 1&86, to New York Central which guarantees the DOm
lntely and owns $100,000 stock. Connects with National Docks Ry.
New Jerxcj A New V«>rk It It.— Owns from Erie Junctlou, N. J..
toGarnervllle. N. Y., 29 miles: branohea to New City, oto., 5 miles
ates to Havcrstraw, etc., 14 miles; total operated, 48 miles. Brie KB.
in April, is;x;. purchased conirol.
Stock. 81,440,800 common
800 preferred; par. Sloo. Control Is with preferred stock and first
mortKate till (! per cent has licin paid on preferred for three years.
Karmm.s Year ending June ;;o, 1903, cross, $367,164; net,
951.85S; Interest, etc., 954,013; bal., def., 93,154V— (V. 65, p. S22.)
New ,ii reey Teraalnal ity.— V. 70. p. 885, 11 u.
New London Norllicrn K It.— Ow lis from New I^mdon, Conn., to
Brattlehuro, Vt.. 131 miles, and Leasee Brattleboro A Whitehall RR.,
Brattlehoro to south Londonderry, Vt.. U7 miles.
UO for 99 yean from Deo, l. 1891, to Central Vermont. The
rental Is 9318,552 per annum, which leaves a small surplus after pro
VldlnK for inter, etc., and
percent dividend!
nid improvements met 1>\ lessee. Without claim on New London Northern
\- fcO
suit to break Bn,ttlcb. ro A Whitehall KK lease. Bee V. 78, p 1301
DivnihMis- 1808 o'Apr., L892, 7% yearly, then 8% yearly r>
and since to Oct., 1908 unci.), 2 4 p. 6. quar (9 p. an )- V 7H,p. 301.
Hiexleo Kj. A Goal.—(See Map).— Owns F.l Paso a- Northeastern By., from Kl Paso, Texas, Dortheasl 104 miles: to the Coal fields: controls and operates El Paso A Rock Island By., Oarrlaoaa
to Santa Bona, 130 miles, completed Feb. 1, 1903; Alamogordo A
Sacramento Mt. Ky., alamogordo, N. M to Russia. 32 m Haw-on Ry.A
Coal Co Liberty. N. M, to Dawson, 135 miles, oompleteu In 1^03;
total,

m.a

1905

1.

.'03.24%
v Moras Bros
Nay 1, 1918
July 8, 1938
I \
Central Trust Co. May 1, 1921
paid.
June 1, 1977
Boston, H. li.p ,y I'r.Co Jan. 1, 1905
Jan 1, 1905
|o
do
>lo
do
July 1, 1945
Coup. ,orrloe;reg., walled Apr. 1. 1939

F.

322,000
2.5O0.OOO
3. (00,000
1,320,000
100.000
5.20O.OOO
I.500 000
3,500.000
1,500,000
1.400.0O0
1.759,000
350,000
650,000
1.726.000

i",6bo

1

)

J.

4

1,500.000
1,792,000
3,000,000

1,000

1885
1881
1902
1909

,

J.
J.

5g.

250.000
1,500,000

1901

Cct.

-

K<>K1>.

1,000

....

O.

-

A

J.

1,700,000

1880
1901
1*97
1«98
1901

I

M

g.

7
6

1.164,500
6,000,000
4,000,000
5,000,000
1.500.000

1,000

,

Draacroas

I

5

5 g
3 g.
5
6

;,ooo

1901

.

,

II

A

A.

g.

Stocks- Last
Dividend.

Whom

Payable

I

1'rinel
pal. When l)n».

Where Payable, and by

!•

5-0.000
750,000

1886

,

1

A

N

1

5

When

1,418.600

1.0O0
l.OOO
1888
1891 500 Ao.
1877
1,000
1,000
1876
1876
1,000
1,000
189S
1.000
1889

94
59
59
321

I

99.300.0OO

50

....

144

,

I

Cent

1903 l.OOOAo
1-

Newbury [hitches* it Connecticut OoL trust bds.Ce
Income mortgage for $1,025.000
New Enaland JiK.—H. Y.& N. E. lnt M.,cur .11 •«.•
Do
1st moit., 001 c"
do

(

OR D1VIM

rlEST

mat
Outstanding Rate per

Par
For explanation of column headings, Ac, see notes
of
of
on tint |>.iiri' of tables.
Road. Bonds Value.

11

I

1

1

1

l

1

,

1

1

I

1

.

1

•

(V 75,
N. \»

p.

794

1

Jk 'laiiliatiaii Iteacli Ky.—Owns from
Preah Pond Junction to .Manhattau Beai h (Coney Island), and branches
Ray BSdgC an'*, (ireenpoint. 20 miles, of wliti di 16 miles double track.
Lease, Etc.— A consolidation August 27, 1885. Leased for 99 years
.-nt of gross
from May 1, 1883, to the I-oiig Island 1.
-teed to be at leasi 5 per cent on pref. earnings. Bi
clonal
Bonds.— The L. I RR. has attached to the b
"3. p. 32 >
guaranty of prin. and int. in addition to facts eel
i«es Point,
New Vork A; Canada KK. Whitehall. H
N. Y., 113 miles branches, 3S miles. Btook, $4,000,000, par $100.
Lease. Etc.— Leased for '.on « term by The Delaware A Hudson Oo. >- invested In the prop
which guarantees the bonds, and b
erty. Bee debenture guaranty, V. 64, p 181,
Balance.
Charges.
Gross.
9W.
*333.714 sur. 8147.910
$1.1- 1.
Tear to 5 1901-2
421,750
281.109 SV. 140,641
June 30. ,1900-1
1,183.183
(V. 73, p. 337; V. 74. p. 10^^: V. 75, p. 312, 1147.)

Vork Krooklyn

to

>

—

;

—

•

'

—
RAILWAY STOCKS AND BONDS.

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113

I

IMP

Hands- Pnnol
RAILROADS.
rVIDI NDH
pal. When Due.
Miles Date Size, or
Amount
For explanation of milium headings, Ao., see notes
Par
of
of
n,„^,„,,,u T a Rate per When Where 1'ayahle, and by AWfc»-Laat
uuwumomg Cent. Payable
Dividend.
on flrBt page of tables.
Whom.
Road. Bond* Value,
.

W. T. <t Canada— \sl M., sterling, gu. D. A n.l'n o*
Debentures, g., guar. p. 41. end. Del. A H. Co
Mete York Central d Hudtmu H/nr -BUick.Tr.

Debt

oertlfs.. <N \

<

151

1874 *100Ac

....

18'JO

|

819

.

I

Debentures

(V. 09, p. 110-'; 7. 7 1, p. 502, 964)..
T. Ohicayo<£8t. Louis—
stock
(5 per cent, nun cumulative)
let preferred (•"> per cent DOB iimiul.it i\

Common

M.

2d preferred

i

i

let M., gold, xl iik ut; fund not drawn
Ce.o'&r
Equlp.tr. ••B" g. $23,ooodue yrly Feb :>..<
Equipment notes, #2o,ooo due semi-annually ..
Jf. I. dt Oreenw.L.— Prior Hen M, gu p. AL
N.gxo'
W. T. <t Harlem—Common, 14 p. c. 10% guar
Preferred stock, 14 percent. 10% guar
RerundlngM. (now 1st). $12,000,000, g. Uc'Ar
N. Y. <*/ert*y-lstM., $7,000,000, red. at 110 O.O*
N. Y. Lackawanna <* Western Stock, guar. 5 p. ot.
1st mortgage, guar, by Del. Lack. & West
F.o'
Oonstr. mort., guar, by Del. Lack. A WeHt.F...0"
8d M. Term. Imp. (for $5,000,000), gu. p. A 1...F.
Mev> York Lake Erie dt Western— See Erik KB.
(D0W
"' T ^0 * r'-° eD
$2,500,000, g.C"
Q
e \
i

1

i

—

M

'

'

'

^

A^

....
....

523
523
523
505
....
....

53
145
145
130

1858 500 Ac.
1884 1,0004m
1889 1,0004c
1,0004c
1897 1,0004c
1898 L ,0004c
1198 l.OOOAc
1900
....
....
....

1887
1896
1900
1896

it

7c

1880
1883
1890

1,000
1,000
1,000

38
38

1891
1891

4

KK.—

New York Central All udnou Klver llll.-iVc Map.)—
Mileage.— The company's system consists of the following
Miles.
Operated under contract.—
hint* owned
:

New York

441
369

to Buffalo

Terminal Ry. of Buffalo
Pltfcdmrg A Eastern
Other
Trackage

...11

11

Branches
13
3
Lines leased. M Bee this eo.
52
West Shore
479
11
Troy 4 Oreenbush
Total In earnings
3.42 J
6
fl
Spnyten Duyvtl A PL M ...11
Controlled— Operated separately.
6
New York 4 Harlem
111.411
H 137 Lake 8hore A Mich So
New Jersey Junotlon
5 Michigan Central
Iil.653
i[
Borne Waterto wn 4 Og
M 624 N. Y Chic. A St. Louis RR..U 523
Mohawk 4 Malone
182 Lake Erie A Western
tf
H 725
Carthage 4 Adirondack
46 Northern Ohio
II
U 162
Gouverneur * Oswegatchlell
13 "Big i-'oui" System
112,235
New York A Putnam
59 Indiana Illinois A Iowa
252
ff
1i
Boston A Albany
393 Cincinnati Northern
fl
U 208
Fall Brook Ry.. etc
H 231 Detroit Tol. 4 Milwaukee. .H 155
Beech Creek "KB
91
IT
160 Dunkirk All. V. A Pitts.. ..U
Beech Creek Exten. RR ...fl
59 Pitts. A Lake Erie s\ stem.. H 185
Wallklll Valley
56
33 St. Lawrence A Adirondack'
Total owned and controlled July 1, 1903 (319 miles 4-tracked) 11,178
History, Ac— Control of the Lake Shore and Michigan Central roads

was acquired

Their earnings are reported
separately .bat the dividends on their shares held by the Central are Included in the Item "other Income," offset by a like amount of interest
on the collateral bonds Issued for their purchase. V. 71, p. 502.
In Jan., 1900. control of the Lake Erie A Western was acquired, also
a lart:e Interact in the Cleve. On. Chic. A St. Louis, Increasing the
Vanderbllt Interest In the latter to an absolute majority The Central
kas since transferred Its holding* In these companies to the Lake Shore,
which see. In l'.ioo. slso, an understanding was reached between the
Yaiiil.tbllt and the Pennsylvania Interests, by which the latter becam. Jointly Interested In Clies. A Ohio Ry. V. 70, p. 76, 125, 1019.
Holdings of Vanderbllt estate, V. 71, p. 1221.
BTOOE.— Dividends on Htock registered In London are payable In gold
a'-tn'ud to dollar. As to new Issues, see " General Finances" below.
Dividends since } '92. *93. '94. '95. '96-98. '99. 1900*02. 1903.
1891. Per oent. J514
5
5 4>* 4 yrly.
4
5 yly.
5
Bonds.— Description of debentures was on page 3 of Sorru mi OR
Of April, 1895. They are all secured by the refunding mortgage of
1897 equally with the 3Wjs. Ref. mortgage is for $100,000,000. of
which $">'.). 4<)~i,:'!t6 had boen Issued in Aug., 1903, t<» retire $56,527,017 old bonds and 811,362,179 for tb« general purposes of t tie 00mpeny; of the balance, $14,143,433 was reserved to retire $>3. ^50,3 17
existing bonds still outstanding^ the remainder ($15,000,000) is reserved for new construction after 1903. V 77, p 4S2.
Collateral trust 3 His of 1898 are scoured respectively by deposit In
trust with the Guaranty Trust Co., mortgage trustee, of stock of the
Lake Shore A Michigan Southern and Michigan Central KBs. at the
rate of $100 of L. 8. 4 M. S. stock for each $200 of bonds and $100
of Mich. Cent stock for each $115 of bonds outstanding
The total
aithorlied Issues of 3>?s are $100,000,000 for Lake Shore and $21.5*)0,000 for Michigan Central. The loans are secured by separate
deeds of trust. See V. 66, p. 288, 336, 760, 811.
Gdaaantiks.— The company guarantees the securities of Its leased
lines to a considerable aggregate— see separate statement for each company marked with a i In the table of mileage preceding. It also guarantees Western Transit Co. 41*8 for $1,000,000 due February, 1903.
General Finances.— To Aug., 1903, about $56,527,000 old bonds had
been refunded; annual saving in interest charges abon $l,325.00U.
.78. p. 1148; V. 78, p. 159. In June. 1903, various roada controlled
by the Vanderbllt, Morgan and I',nns\ lvaii'a Interests purchased
$().9'.!4,JOO of the $11,000,000 Hockiug Valley Ry. common stock.
See that comimu
V. 77, p. 1225
In July, 1901. the company had acquired $45,289,200 of the capital
stock of the Luke shore road In exchange for3>« p.c. bonds (see above),
leaving $». 177.300 alloat. including $533,500 guaranteed 10 percent
dividends (see V. 66, p. 288, 336, 1233), and also $lb\ 814,300 of Mich.
Central stock, leaving 11.883.600 still outstanding.
In April, 1900, $15,000,000 stock was Issued at par to provide new
rolling stock, and on Apr. 16, 190 1, the stockholders voted to Increase
the stock from $115,000,000 to $150. 000. 000. $16.912. 900 of the new
stock being subscribed for by stockholders pro rata at $12> pet
share. V. 74, p 151. A portion of the proceeds will be used for the
in 1898, as stated below.

•-.

substitution of electricity for steam on

New York suburban division
and New York terminal Improvements, estimated to eo-t $20,000,000,
to be complete ab >nt 190 i.
hese Improvements are expected to be
largely self supporting. (V. 74, P. 151. 776: V. 75, p 240,290,550,
1203. 1354; V 76, p. 366, 331. 1083. 14<H V. "7. p. 350.)
In 1902 control or *irmal control or the Reading Co. was acquired
by the Ba timore A Ohio (Pennsylvania interests), who later agreed to
1

I

:

share the same w'th the Vanderbilt Interests, the pnrclnse bv the latter bH ig made through the Lake Shore A Mlchlg.ui S
V. 7i'>. p. 101.
Average train-'.. >ad for entire system, including company's freight,
was 421 tons in 1902-03. airainst 387 tons in 1901 02.
t.

J

3>.jg. F.

<i

.

N. N.

1

19M

.

1904

,

'03,1V»

V

May

,(,r

do
do
do
do
do
do
do

S.

B

,v

D

i

1

V«\

I

A J.
A A,
A A
A J.

1

1905
1904
1904

,

do
do

,

,

do
do
00
do
do

July

1

1997
1998
1808
2000

,

,

.

July

1

,

Mch. 2/03.3%
Men. •-'.•03.5%

.

i

!*

,

192,000
1,553,000

5

8.

,

Yearlv to 1911

Is

given

Mav
<i

M.

A

8.
8.

do

In tint left

1.

May

'(

2000
L 1933
0(1/03. 1»<%

I

N. Y., Liberty

- 1946

1.

1.

t

Oct.

,

4g. M. A

As reported July, 1903; the amount out standi ng wh en refunding began

Nanliuu
Owns double track road from Lowell,
Lowell
Mass., to Nashua, N. H., 15 miles. On Oct. 1, 1880, leased for 99 year*
to Boston A Lowell. In 1887 lease was transferred to Boston A Maine,
which pays a rental of $73,000 (9 per oent on stock).

g.

31* g. J.
3>*g. F.

A
A

May

ondon, Baring Bros.
Cantl 00

'

,

1,00

100

M

N. N
-I

00.000
3>«g J.
14,000,000
ll.ooO.OOO 3 In 1903 March -V Y <ir Cent. Station,
do
5,000,000 5 In 1903 March
A. A O. N V
19,425,000
Union Trust I'n,
l
Central Trust Co.
5
4410
300,000
J. A D.
Cltv Hunk.
., Nat
4>a
5 g. M. A N. N. Y ., 21 Cortlandt St
1,500,000
8,656,050 See text See text N. Y
Bnt Station
1.343,950 See text See text
do
do
12,000,000
do
do
3^ g. M. A N
F. 4 A. N. Y Guaranty
4,500,000
10,000,000
Q.-J. N.Y. by Del. tack, a v»
12.000.000
J. 4 J.
do
do
6
F. 4 A.
do
5,000,000
5
do
M. 4 N.
do
5,000,000
4
do

1.000
1,000

....

000

-'.

M.
M.

.'>..'.

0004c

214
214
214
214

>07,0O0

g.

A

.

50
50
1,

4
5
5
4

w

:-;.44*>

1,000
1.000
20,000
100 Ac

1897
1902

M.

8.400

100
100

....

1

i»'.,o )4

"Too

....
....

g

51nl903

100

tontral), gold, $6.450,0O0.c.tr

Debentures, 1884, $10,000,000 All eq'ly f .. oAr
Debentures, 1889, $1,000,000. ( secured j ...
Debent'H.g., s. f., $13,194,000. thy mort. i o**r
Refund.M., $100,000,000, g.Cc J of l8'.)7. o"4r.
Oollat. triiHt, g. ($100,00().<)(iiii l. Bn stk.G o"*r
do
do
($21,550.0001 Mich. Cent stk Xi

•4,000,000
1.0O0.000

1,000

1.

Jan.

M«\

Nat Bk

1921
1928
1928

1,
1,
1,

Aug.

Sept. 1. 1941

Sept

do

1941

1,

hand column.

Eahninos.— For 3 mos. ending Sept. 30 (partly estimated)
Gross.
Oth.inr
Jlal.sur.
Net.
Oharo'S
1903... $20,842, 100 $6,870,700 $1,227,900 $5,107,300 $2,991,300
1902... 19,475,664
7,194,476
1,236.897
3.106,575
5,364,798
Dlvl ten Is of 1 U percent called for $1,653,000 in 1903, against $1,
643,953 in 1902.
Annual Report.— Fiscal year ends June 30. Report for 1902-03 was
clren at length In V. 77, p. 819, 828.
See also editorial p. 798.
Of the freight (38,081,380 tons) carried In 1902-03, about 37 p. 0. was
ooal and coke.
Years end. Jane 20.
1903.
1902.
1901.
Miles June 30
3.422
3.323
3,320
3 mos.

height earnings
Passenger earnings

846.858,713
23.581.576
7,165,489
Total gross eandngs . 877,605.778
Net earnings
$24.146 464
Other Income
5.272 74 4
Vet Income
$29,419,208
Deduct— Rentals paid
$9 421,474
Interest on debt
7,299,968
Taxes on stock
794 292
Taxes on real estate
2,687,737
Miscellaneous
191,433
Reserved for deb'tures...
300.OOO
Dividends
(5)6,604,158
Speolal Implement fund..
1.750,000
Balanoefrom operat'n ...
$370,146
President, Wm. H. Newman; Chairman,
Hall, express, etc..

"

$40,«59.779
23,807.085
6,437.004
$70,903,868
$24,010,379

$39,550,399
20.866.357
5.91

(

$0-. 333,1 11

$2L74>,895

869.786
2,595,728
271,648
300,000

4.530.294
$28,275,189
$9,204,619
7,624,9<4
748,285
2,3<9.094
316.074
30O.O0O

(5)5,961,411
1,750.000

(5)5,750,000
1.50O.000

$305,307

$492,183

4.87(3.023

$28.916.4o2
$9,174,239
7,688,3 13

"

M

Chaunoey
Depew; Treas1903): W. K. Vanderbllt, F. \V.
Vanderbllt, Chaunoey M. Depew, barnuel F. Barger, J. Plerpont Morgan, William Rockefeller, Hamilton McK. rwouiblv. William H.Newman. Charles C. Clarke. D. O. Mills. William Bliss. George 8. Bowdoln
and Edward V. W. Rosslter.— (V. 77, p. 89,350, 452,769, 819, 828)
urer. E. L.

Bosslter. Directors

(July,

New York Chicago 4 St. Lonls It It.— ( See Map of New York CenA Hudson River.) Owns from Buffalo, N. Y., to Illinois State Line,
except 8 miles leased between Dunkirk and Silver Creek, leaving 494
miles leases the proprietary line, Chicago A State Line BR 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek.
8 miles total. 512 miles; trackage in Buffalo, N. Y., l*s miles, and
Grand Crossing Chicago, III. (Lake Shore RR.). 9 miles.
Histobt.—" Nickel Plate" road, foreclosed and reorganised In 1887.
Stock.— Lake Shore A Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.

—

tral

;

;

DrviDENDB.— ) '92. '93. *94. '95. '96. '97. '98. '99. '00 '01. '02 '03
1st pf. in Mar. \ 3%
3
4
5
5
Dlv. on 2d pref., 2 p. 0. In 1901; in 1902 and 1903. 3 p. 0. each.
Bonds.— A sinking fund of $100,000 per year is provided when net
earnings are $900,000 or upwards, If bonds oan be Dought at or below
102; If not, the sinking funa lapses for that year, thus leaving $100,000
more for dividends. The original issue of bonds was $20,000,000, and

5%02%0

55

It has been reduced to present amount by the sinking fund purchases.
See abstract of mortgage, V. 45, p. 541.
Latest Earnings.— For 6 mos. ending June 30:
6 mos.
Orons.
Stt
Ital.,*ur.
Other int
I (,. tar, etc.
1903 ...$1,185,957
$352,242
$03<,158
$961,056
$24,544
1902.... 3,363,964
324,853
23,764
937,627
036,538
Annual Report.— Report for 1902, V. 76, p. 1027. Prtncii
freight line, freight In 1902 contributing $5,791,033 out of $7,138,899.
Year ending Dee. 31—
1900.
1902.
1901.
Gross earnings
$7,138,899 $7,485,484 $7,023,359
operating expenses
5,< 34.253
5.211.626
5.29
Net earnings
$2,104,tt-*5 $2,278,858 $1.729.«»1
Other income
26,721
40,125
88.29 1
Net. Includingother Income
$2,l44.7?o -j
?:
Additions and betterments
398.587
756.000
585.000
Interest on bonds
777,000
777,000
777,000
Equipment trust charges
101.092
154.217
185.649
Dividend on 1st pref.'
(5)250.000 (5)250.000 (5)250.000
Dividend on 2d pref.*..
(2)220.000
(3) 330.000
Balanoe, surplus
?
*38.927
$17,121
Note.— Dividends from earnings of vear given are paid In March
of following year. Pres.,
H. Can'nlfl.— (V. 70. p. 1085, 13!6.)
»

:

;

•

Wm

New York oiiiwm lln- Kit V. 74, p. 830;
New York A Crccuwood Lake It) —.»'<<
<

V. 76, P. 382, 1358.
Map of Ene RR.)—

Owns from Jersey City, N. J., t<> Greenwood I^ake, 39 miles, and
Mil to
branches to Ringwood, etc., 8 miles; YVatchmig H
'.000; par. $50.
Orange, N. J 4 in.; total owned. 51 in
I.i \-k. -On May 1, 1896, was leased to the Erie RK for 999 years from
Mav 1. 1896. Prior Hen bonds are guarantee I. principal and Interest,
by Erie. See V. 63, p 513; form of guaranty V. 0">, p 463.
New York A Harlem Kit.—Owns New York (ity to Chatham
N. Y.. 136 miles (four tracked 7 miles nor:h of Harlem River). Alss
owns Fourth Ave street ratroad.
I

,

1414

RAILWAY SIOCKS AND BONDS.
]

Vol. i.wvii.

c

LiAlLVm STOCK* AND BONUS.

Oct., 1903.

RAILROAH-

_

I

Miles

For explanation of column headings, Ac, see
on first page of tables.

notes'

Date

York New Harm «* Hart.—Stock. Bee text
Debentures, mostly exchanged for stock 1903 o*
1893
'97 "01
Deben. <$5,ooo,ooo uh) cur non convert. o*r
N. Y. Prov A Bos., gen M. (now icti. g.. uss'dc.tr
1892
99
Shore Line 1st M., N. Hav. to N. London, assumed
49 1880
Housatontc old consolidated iimrt. (assumed)
BO 1880
Sew oonsol. M ($3,000,000) g. (assumed) F C
90 1887
New Haven Stciimh. M.,g., ass'd, call aft. 1904
1899
Bondh of I'koikiki uiv, ktc, Links:
51
BOS. ANY. Air L. 1st M..N. H. to Wllllinan.,Ct.O*
1880
Colchester KK. 1st mortgage
3»« 1877
Danbury & Norwalk eon. M. ($100,000 are 6s). o*
36 1**0
Genl M.. Danbury, Conn., to Wilson Point, Ao.o*
99 18*3
liar. K. A Port Id M
gu. (V.50,p. 813).F.o*r
12 1881
Waugatuck lstM., Nauga. Juno, to Wlnsteu, Ct.r
55 1**3
Debentures
1902
New lliiwn A Derby, consol. wort. (Nov. lst)..o" "ii i***
N.H.A No., con. h. f $15,000 p. yr., not drn.Uii c"
99 1879
Northern Kxteuslon bonds
28 1881
o*
imsi;
Deb'turos ext. In '96, non-oonv.,V. 62, p. 548.0*
Holyoke .v vs. leased, mtge. $200,000, guar..
10 1891
New England aud old Colonj See those OOS
Providence A Worcester 1st mortgage, ourrenoj
51 1897
Nan. B'cli, st M (6340,000 own N Y.N II A H.I
7 1**0
Kef. (lnti M 930,000,000, g. He 0*49 Text. 1892
N. T.O.tt
(Jold notes, sec by 1st M on Boranton Goal Oo
1 *'.»!»
Do g., ki-c. by 1st. M on ElkH. C A I .dues a.o"
1900
Oar triiMts. ser. a. 197,000 pa\ atile semi aim. via
1902
Oar trusts, mt. b, $">7 000, payable * ml aon. *ie
190!
Oar trusts, setli>03
823.000, payable M>ml an i*li
1900
g. I.SUtlatwa BR. -Receivers' oertlf., 9585,000
1st M., $3,500,000
x.o* Ar
128 1897
<

l,<OOAe
l.OOO

500 Ac.

i'.obo

100
l.OOO
l.OOOA.

l.Ooo
l.OOO

1,000
1,000
l.OOO
1,000

l.OOOAc
1,000

t

.

)

,

;

New York A New Haren

for convertible debentures.

Stockholders BUbSOrlbed t<> $*>.7.">3, o 00 new st ek a* $175 per share.
a s out 5< per cent helm: paid tor In full and the bal me* being p vaide
950 on June l. 1903; 940 on Aug. 1, 1908; $->(> n Nov 2, 19<a, and
945 on Jan. 2. 1904 (any Instalment may be anticipated), the p
to be used to pay for maturing bonds, new equip ornt, rolling >to -k
<

<

(

This will increase the outstanding stock
Y. 76. p. Stift, 1301.
Diviobnds.— ) 1873-1893.
1894.
1895 to Sept.. '03. duel.
Percent, s 10 yearly.
9
8 (2 per cent qiiar.)
Bonds.— The eonrcrf«6/« debenture* of 1893 for 916,997,900 were
mostly exchanged In 1903 for stock at par The reinali.iiig $185,300
will be paid In cash April 1. 1908. I'nder the lease New ila\ en road
"assumed" the debt of Old Colony. Iu Mar.. 1901. >10. KKi.OOO nonconvertible debentures wee authorized. $\0o0.0O0 of which were
sold, the proceeds to be used in rart for Improvement* at BrhU. port.
Conn. V. 72, p. 627; V. 73, p. 721; V 75. p. 729.
Leased Link Stocks.— The stocks of the leased lines unexchanged
on June 30. 1901. or later, and thedlvldends payable thereon are shown
below, the shares being all $100 eaob excepting Danbury A Norwalk,
which are $50 each. The leases are for 99 years.
'

I

J.
J.

6

A.
J.

4

,J

A
A
A
A
A
A

York.
do

1,
1,

Apr.
M. h
Apr.

O. N. Y., Lincoln Nat. Bk.

June

1.

A. N.Y.. Lincoln Nut Hank
New Haven .Conn.
J.

Ang

1908
1947
1942
1910
1910
1037
1910

1.

1,
1,

O.

do
du
do
do
D. N Y.,CbMDloal Nal
J.
O.i

n.

I'

M.

6

1.

1.
1.

July
July
Apr.

lik

June

1,

(t.Trean

June

1,

May

1906
1907
1990

1.
1.

A
a

1,

New Haveu,

N.

4

4

A O Prow.K.

2»«
4 g.

A

Conn,
do
da
do
do

do
do
do
do

6

|a

ft

A

ft

'J.

A
A

192ft

1911
1918

NY

N. Y., Morton
N. Y.. Mi.i.li.11

I

1,
1,

A

I).

Jane

I..

,N V -

I

i

N.

New

A

J.

Of.rec .51 Win -t

York.

M. a N. Nov. ,'98, coup
Total itnu.

Miiy.'Og
.

N Y
paid

Jan.

1.

1'.'04

Nov

1.

1917

Period.

Dirittd.

Unfjcrk

9599.OO0
(J..-J.
6 p. o.
A A O.
1,390,000
4 p.
154,700 Pays no dlvld'd.
152.925
5 p.c J. A J.
1.006.400 10 p. 0. J. A J.

$600,000

lAniiiial meetliik.'

la-'t

'not!

To Jam
TO Hep!

I

New York.

H.

I

f-Vb (H
i

A
M A

N. Y. Air Line pref

ANNDAL Kkport.-

1,

July
Apr.

1918
1909
1911
10O4
1911

1.

Apr.

Hosp AT.Co Oct l. 1947
V 73, p. 678

I

N Y OtttOe.56

A A

.1

g.

H.

A

4>vK. J.

5 g.

J.

Ai>r.

old Col. Host.

%.
9.

4

o.
O.

2,998.500
common
898,500
do
do
Danbury A Norwalk
600,000
Saugatuck
2.0OO.OO0
v II A Derby
447.000
New England, common
20,000.000
do
do
preferred
.5,000.000
Old Colony
16,608.900
Pawtuxet Valley (par. $ (1))... 100,900
dtock bridge A I'lttsii. :d
448.700
B.

'03 2

Apr

M.n

N. Y., Llaeoln N»t. Bk.
8.

A B. N. IL. Nat N H. Bank.
New Havan, Ooan
A O
Nov
A N. N Y ,Fani

<fc

Btock*—
Berkshire

A

A
A

l^aat.

Dividend.

3>„

298.000
843.000
220.000

21. BOO

4

A

J.

J.

52.500 Pavs no dlvld'd.
74.100 3 p 0. Oct. 31, Ac
11,0*9.900
(J..— J.
7
100,900
7 p. o. J. A J.
Q.—J.
437.700
6
held third

Is

Wednesday

In Oot.

Keport for 1902-1903 was In Y 77, p
Yr.end. June 30.
1901
1900
1903.
1902.
2.oa*
Miles operated
2.037
2,038
2,038
l'ass,.ngerearus.$22,»5a,Oj7 821.223,631 919.858.093 $19,764,755
Freight earns... 33,936.150
19.864.701
UO, 164.758
21,871.642
Miscellaneous...
416.910
414.' 1 7
496,814
OroBB earnings.. $47,296 07 $4:<..VJl.O,*7 $40,132,311 940.826,161
Net earnings
$12, 341, "54 812.247.vl3 912,083.832 $12,100,311
54 6.121
613.060
Other income
565,818
662
iot.netlncome$12,90'', '72 §127h 60,273 $12,646,391 $12.b4b,483
Int. on bonds... $1,137,052
$1,166,967
$1,062,436
$1,306,838
4-6
Other Interest...
521
52,9 1-'
1368
Rentals
4/01.54''.
4,476.258
4,464,711
4,461,634
Taxes
2,367.636
2.484.605
2,410.380
9,885.889
Dividends
(8)4.618 ,4 <8 (8)4.296.5*8 ( 8)4,394.7! - (8)4,231,278
Balance
sur.9208.ft34 sur.*-82.2 >0(sur.9363.648 rar.9391,836
KKS— President, Clia-. H. Milieu, New Haven; 1st Vi Pres.,
Ol
Percy K Todd. Secretary, W. D Bishop Jr.; Treasurer, Augm-tus 8.
May. New Ha\en. Conn.
'

'

I

.

<

m

Directors.- WlllUm-UOiiner.il ilyokS, Ms«s.; \V D Hlsh'>i>, Mrldcrpon C..1111'
Mellon. New lliivdii. '"ini
iimii. It
kefeller.
J. I'mtimhu M.ir.an.

W

:

.

.

M
Klcbard A Mci ur.M. N.w York; IJ.
rge M
Newt. .11 Uiirn-v, llirilont. Conn.; CharlSS V. (Iiomie and Nat haniei liayor,
!)• v.
Boston; Roys] C. TsfL Pi
Brook»r, Ai >onia, 01m.;
Warner. Ilrid.-eiwri; J. M. Hall. Arthur i>. Osonrne, (Jeo. J. Bru«h New
Havotr Frank
Cheney. S0111 n Manclics it: Kdwli. Miln«r Ho>SSS Cnnn
-(V. 76, p. 706,752. 805.973. 1301; V. 77. p 3 ,147,51 1.769, H24.0 49.)
boy to Bay Head, N.J.
Perth
York A Long Branch
1*^* lor 99 yaan to Penn. KK and (>nt. KK. of
38 mftes
Leased
N. J., which Jointly and severally guarantee Interest and 7 per cent on
( V. 72, p. 438.)
$2,000,000 stock, all owned by Cen. KK. of N.
Clmnncey M. D«WS«

.

I

'

r

,

I

1

.

W

New

KK.—

m

Am

J—

New York Ontario A Western Ky.— (Sre Map.)—Operates
from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:

Road Owned—
Oswego to Cornwall, N.Y
T ranch to

do
do

New

Road Controlled. <re.

Mile,*.

Berlin

toDelhl
to Ellenvllle

Mile*.

Pecksport Conn, (leased)
4
Ontario Carb A 9, (leased.)
Cadosla,N.Y.,toKcranton,Pa. 54
Kome A Clinton (leased)
1 13
Itica Clinton A Blng. (leasexli « 3i
7
Wharton Valley (owned)
Kllenvllle A Kingston (leased) 27
Port lervis Mont. A Suuim!t\.
(leased)
41

272
22
17
8

Total owned
319
Trnfkaae (till 2079) W. Bhore RR.:
("nwairto\Vh'ken(V.61,p.42ft) 53

Co

e tin-

table above.

1

rttinc debt.

A
5
4

16. '.'37.000

1892 and 1893 eequumd

Boston and the Bhepaug
by consolidation
V b'.'.
Four-trackinc. etc., at Bridgeport, Conn.,
p. 742. See also Old Colony.
to cost perhaps $3,000,000, was fur advanced in 19u3. V 99. p 855
V. 71, c 644: V. 73, p. Ki-; V 75, )> 799
Slerlrir Kailu-ayt.—Controls Stamford St. Kv\, Merlden Electric I'.y..
electric railway between Harford and New Britain, to m.. 14 miles
between Providence and Bristol, etc. V. 97, p 788; V 99, p 743;
V. 71. p 644; V 7'.'. p. 137; Wor. A Conn. Bast By., Y 75. p
Capital STOCK.—Stock authorized. $100,000,000. Of this amount
954.6J5.400 wa-s outstanding and $16, Jl 1,900 was exchange l, * for f,

II

7
ft

•>t;\ooo

.

In

F.

1,728,000

Kys. will use the tunnel when OOnrpleted. The entire tonne]
is expected to be completed in
1904.
v. Tii, p. »:it;.
Pranehtse.
charges to be readjusted every 25 years. Bee V. 75, p 77,1854. The
Hudson & Mali hat an KK to tunnel from Jersey Citv to Cor'lan.'t -t.,
Manha'tHii. Is controlled by irlendly interests. V. 76, p. 70ft, 1249.
Incorporated In New York OB Feb. 11, 1W03. as successor of the Hud
son Tunnel Ky .sold In foreclosure per plan V 73, p. 131 :i (sec also Y
70. p 998 and 1149).—V. 74, p. 880. stock, all Issued, $s,?>0O.0O0, of
which $3,500,000 Is 6 per cent non cumulative preferred; par of
Shares, #iO<). of the +7.OO0.000 bonds, $2,500,000 are reserved for the
construction of In* south tunnel. V. 74. p, 880, 5 "7.
Oku. an*. President. Wm. (J. MoAdoOt Ylce Presidents. ^Yaltc^ O
Oakiuau and Kitiiiiiud c. Converse; Secretary, ('has. w. Klnp; Treasurer. Heurr A. Murray; directors, V. 74, p. 577; V.Tti, p, 48
Of
floe, 15 Wall Street. New York.- (V. 70, p. 13o, 705. 1249
New York Lackawanna A \% cMern Ky.— BlUKliamton to Buffalo and Intcrnat'l Bridge and branches, 214 miles, of which the main
line, 213 miles, Is double track; Delaware L. A W. has a lease for duration of charter from October, 1882. KlvInK a iruaranty of the bonds and
5 pel oent yearly on the stock, bonds and stock belntr endorsed. Bee form
of guaranty of terminal bonds in V. 67, p. 1357; see also V. 68, p. 283.
New York Lake Krle Ac Western KH.-Skk Erie RR. Co.
New York New Haven A Hartford KK.— Covers Southern
Tew England snd the only direct mutes between New York aud Boston.
\tilc*.
*Ane* (Hciieri in t're—
Lrattd (pan Owned.)
Mite*.
Junction near N. Y. City to
New Kntt. KK. (whlohsee)
536
Bprtmr field, Mass
139 Old Colony BR. (which see).. 6 16
I. iiu i
Lines to 1'rovldenoe, Pittstleld.
I ra^nt
Litchfield, etc
316 Providence A Worcester
48
Leaned ami t'ontrnlled—
Other lines
ft8
Lines to Turner's Falls, etc
268 Trackage to N. Y. City. etc.... 30
Other 11 nes
43
Total oper. July, 1903(88 miles lias four and 667 two tracks).. 2.037
Controls Fall River. Prov. A 8ton., Sew Haven. New London A Nor.
wloh «nd Bridgeport B8. lines. V. 70. p. 842 V. 71. p. «4:i V. 73, p
721 V. 76, p. 4S0. European connections see V. 75, p. 794. 981.

are gives]

A.

l.OOOAc

BtrtH>t

Histobt.— A consolidation in 1872 of the
and the Hartford A New Haven. In years
control of several companies whose bonds
The Housatoulc. Shore Line, N. Y. Prov. A
Litchfield A Northern have been absorbed

M.

A.

if.

5

New York

;

M.

*>

ft

City iManhattan
Borough) and Jersey City, about 1,mo() feet of the north tunnel bavins
been completed and 1 ,000 remaining to be built; of the south tunnel
600 feet has been cou^t ructcil. Terminal! In New York will be In the
neighborhood Of Christopher and Hudson Streets. To be operated by
electricity. The North Jersey ami Jersey city Hoboken a Patenon

i

-

4>«
4

o.OOO

c—

UK.—

Kiver, between

A.

3.12VOOO

LKAflK.— The property (except the horse railroad) was leased April 1.
1873. for 401 yeiirs. to the N Y. Cent. A Hudson Klver KK. for Interest
at rate of 8 p. c. yearly, since Increased to 10
v. ?o, p. 740. 1049, v. 71, p. 29,
?. o. through refunding of bond*,
220. The street railway was leased In July. 1806, to Metropolitan
Street Ry. Co. for 990 years at $350,000 yearly (3»« p. c on stock) for
5 years and $400,000 (4 p. o.) thereafter. V. 99, p 1088.
REGULAR ANNUAL KIVIIO.NOs 1903.
Guaranteed by N. Y. Central
10% (Jan. 5°b, July 5%)
From Metropolitan Htreet Ky. rentaL
4% (April 2%, Oct 2\)
A l*o In Out,., 1899. a dtirplir« distribution of 2ft p.
(V. 76, p. 1144.1
York A Jer»c>
Owns two partially constructed tun-

Hudson

I

1,000
l.OOO
l.OOO
l.OOO

on bonds and dividends

New

m.

1,500.000
250.000

1

nels under the

»«A4g

500,000
25.0OO
500,000
150.000
1,000.000
150.000
314,000
575,000
1,200.000
700.000
7O0.OO0
200,000

l.OOO

Mo

ttoekt

New Haven, Co. 's Office. Pept.30

19C2 ^ -M^jo

A

^5,3oO
lO.OOO.ooo
1,000,000
200.000
100,000
2.839.0O0
225,000

500 Ac.

',

and

8 In

Ac

1,000

(

When Dae
in

(

,

,

HIVIKI.Mi-

>K

Outstanding Kate per When Where 1'avable, and
.ut
Payable
Whom
9

*100
100

in.-,

Amount

Size, or

of
far
Koad. Bond* Value.
of

tf»*t>

W—

n

)

lotal operated July 1.1903

549

1903, the fort .lervis Monticel o A Ncv York RR. was
ras mcoeeded i>v lbs Port Jorvis Montloello A Summit"
vllieKK. The ei.tlre «to k of thelitter Is »ned by the N Y. Ontario
A Western Ky audits line, in onneelion with the" Ellenvllle branch
and the Ellenvllle A Kingston KR form* a tli ough l'ne, put In op r*r
Boa Dee 22. l-.-i 2. from I'ort JeTTlt t<> King-ton. V. 7.>. p. 1400; V.
7 7. p
m/ vTIon.— The New York A Oswego Midland was sold in foreclosure Nov. 14, 1879, and this company organized.
Stock.— Stock Is $58,1 17,982, (par, $100). of which $1,000 is old pref.
YmiM.TKisr The preferred was originally $2,000,000, but all exBopl 84,000 In- been exchanged for bonds under act of June 8, 1885.
hanged preferred stock Is held alive under a voting trust and
|b1 Of the thirteen directors umier a prov islon of the " Articles
latlon." until a dividend shall have been earne am! paid upon
-non stock
The \ oting rustees elect director- in the Interest
of the common stock See V. 61, p. 425. 426, and editorial. V. 65, p. 495.
BOBTM, Lri - l;>f uniting mont/tiae tor *.'".i"N i.i >oo covers 319 miles
of ro id owned, all the securities of the )nt.iri-> '..'
A scr. niton Ry.,
64 miles, and all other property Hereafter acquired. The balance
Y 72.
unissued is available for additions, lmpro\ ement-, etc
vi in vmks.— In 1902 surplus earnings were being sppUsd to
double-tracking 107 mll-s of main
lie. to extend over three or four
.p.650.
years, to cost aliout $1,600,000 Y
830; V 76, ]
properties at Hcranton,
Barlyln the calendar rear 1899 th<
'llleries
Pa of the La<-k. Iron A Stthen o|H*n ttetng about 700,000 tons per annum) were purchased by
th -cranfon Coal Oo .aided by loans from the N Y 0. * / the latter
issuing Its $2.5' O.OOo S p. c. Botes (reduced to $1,950.0"
l!»oj), extending over a period of \-ars s.-cuie.i by first moitgage on
the coal property, and loaning $1,475,000 (of which 8305,000 has

On Dec

2.

rndsM

.

1

1

1

.

1

'

•

,

I

1

.

.

1

.

.

1416

RAILWAY STOCKS AND BONDS.
[Vol. lxxvii.

Oct., 1903.

RAILWAY STOCKS AND BONDS.
Ill

.

;

,

KAILWAY STOCKS AND BONDS.

1418

[Vol. lxxtii.
Bu,, a*

INTEREST OR DIVIDENDS.

RAILROADS.

fruita-

Miles Date Size, or
pal. When Due.
Amount
of
Par outstanding *»«• Der When Where payable, and by Stock*— Last
of
For explanation of column (leadings, dec, see notes
»'*nt
Road. Bonds Value c
Cent.
Payable
Whom.
Dividend.
on first page of table.
I

N.Y. Phila. 4 Norfolk—Stock, $2,000,000

FP

1st M., $3,000,000, gold.

o*

Income mort., g.. uon-cum., reg, ($1,000,000) FF
N. J. <* Putnam. — N.Y. & No., 1st mortgage, gold o
N.Y.4P. con., $6,200,000, g.,gu. p.Al. end.l'n
N. T.

dt

Hock. £Th

— 1st

i

M., $1,000,000.

g.,

gU.Ce.0'

2d M. Income bonds, non-cumulative. Ce
IT. F. Su*q. dt Western— Midland KK. 1st M
g
Paterson Exten. RR. 1st M., real estate, s. f
N. Y. Susquehanna A V» est^rn, 1 st mortgai.
,

r
<

1881

1

.

1st mortgage, refun ling, gold Ce
o"
2d mort. ($1,000,000 gold) :*d M. on 72 m.Ce.c*
<.eiieml mort gage for $3,000,000, gold... Ceo"
Collateral trust bonds, subject to call, cur.Co.
Terminal 1st mort. for $2,000,000, gold. I a.o"*r
Atlird cotnpanie*
Wllkesb. & East'n, let M., gold, guar. p. A L&..&
Suso. Connect. KK. 1st M. g., red. at 105, gu.Itlp o
Mlddletown Un A- W. I*.—-Bee that company.
Passaic A- N. Y., 1st inuL, (999 years, rental)...
Maoopln KK., 1st mort. ibr'ch to Maco)>iu I-ake)
N Y. 6. & W. Coal Co., lot M. 1 ,050 acres. s.f.).o'
N. Y. A Wllkesbarre Coal Co. 1st mortgage. Co

—

12
12
72

127
127
127

I

.

65
10

91
6

151
151

—

1,000
1,000

1891

.

UP

1892
1897
1885
1896
1887
1893
1882
1902

(

W.T. Tex. 4 Mix— 1st. M.,g.,$or A.gn.by Ho.Pao.Fo'
....
Norfolk <£ f'oriimoulfi B>lt Lmr—Xnx mort
Norfolk <* Carolina See Atlantic Coast Line RR
Norfolk <t Southern Capital stook
lat mortgage. $10,000 per mile, gold. A
o*
Norfolk A Heat. Hy.—Com. stock, $66,000,000. A..
Adjustment pref. 4 p. o. non.oum. $23.000,OOO.A
a There are also $53,000 not guaranteed.

1

500

A

A$

100
1,000

100
100

1903
Gross, $1,364,087; net, $482,228
July 1 to Aug. 31.
$1902
Gross,
746,0^0; net, 126,826
Annual Report.— Fiscal year ends June 30. Annual meeting last
Wednesday In September. Report for 1902-03 was given at length In

V. 77, p. 625, 650; see also editorial, p. 601.
Coal traffic In 190203, 2,521.179 tons (out of 3,972,561 tons), against 2.455.305 in '00-01.

Tear ending June 30.
1902.
1901.
1903
Gross earnings
$5,456,696
$5,322,884
$6, 176,517
Operat'g ex penses and taxes. 4,557,087
4,157,754
3. 777.137
Balance, net earnings.
.Ti,>-io,747
$1,298,942
•1,619,480
Tot. net Income. lnol. "other." $2,021,367
$1,962,991
$1, 81o,917
Diterest on mortgage bonds..
677.480
654,133
677,480
Mlsoell. Interest and discount
277,032
232,092
280,047
Rentals paid
202 ,870
197.446
197,533
Balance, surplus
4*860^970
$658,959
$879,233
Pres.Thos. P. Fowler.— (V. 76. p. 1085; V.77,p. 398, 625, 650.)
New York A Ottawa RR.—Tupper Lake, N. Y., to Ottawa, Can.,
128 miles. Stock, $2,540,000. In Apr., 1900, Henry W. Gays was
appointed receiver. V. 70, p. 842. In July, 1900. $585,000 receiver's
certificates were authorized. V. 71, p. 135; V. 77, p. 37
Foreclosure sa e under first mortgage postponed to November 18, 1903;
all the first anil nearly all the second mortgage bonds have been deposited with spencer Trask & Co, under a bondholders' agreement, but
no reorganization plau had een formulated to Oot., 19(»3. V. 75, p.
894, 7!-4.
There are $63 ',000 second mortgage Incomes outstanding. Year eudlng June 30, 1903, gross, $216,118. Coupons of May,
.

•

1085; V. 77,

RR.—

p. 37.)

I'en ii«y I vaiilii
Shingle House, Pa., to CanIsteo, N. Y\, 52 miles; leases Shuron
House to
Ceres
. Shmgle
Ceres. B m.: total, 57 in. sold In foreclosure on May 24, 1902, to F. A.
Howard Oobb V. 74, p. 1139. In Oot., 1903, plau of reorganization had not been arranged. For year 1902-03. gross, $11 2,7e6; net,
$26,153; charges, * 1.3 17; balance, sur., $21,836.— (V.74, p. 1139.)

A

RR

A

New York Pen n»> vh nta A Oblo RR.—See Erie RR.
New York Flilladelplila A Norfolk RR.— Delmar, Del.,
I

Cape Charles,

to
Va., 95 m., and King's Creek, Md., to Crlstleld, 17 miles.
In L898 -99 without foreclosure, per plan In V. 66, p 76().

Reorganized

rtaoUVTIKA—BtOOk, $2,000 OOO, all outstanding, $285,625 having
been subscribed lor by stockholders at par in Mar., 190.1; par, $50; represented by negotiable trust certificates Issued by Fidelity Insurance
Trust A Safe Deposit Jo. of Phlla. Of the $3,000,000 1st 4s, $400,000
are reserved for Improvement*. V. 6*, p. 773, 978. As to In tomes,
see V. 68, p. 978. Interest on Incomes, 2 p. c, semi-annually paid
Nov 1, 1899, K May. L90S, both Inclusive. First div. on stock. 2 p C,
<

?aid Jan. 3, 1901 June, 2
903, June, 3 p.o.
;

p.

c; Deo., 2

p.

c; 1902, 5

p. 0. (J.

A

D.);

Earnings.— Year ending June 30. 1901, gross, $1,251,773; net,
$436,1 16; other Inoome, 89,120; oharges, $270,895; div. (4 p. c), $<>*,875; bal., sur., $99,796. (V. 74, p. 98-; V. 70. p. 159, 436, 1030.)
York A Piilnum Kit.—Owns 155th Street and 8th Ave.,
N. Y. City (terminus Manhattan Elevated), to Brewsters.N. Y., 54 miles;
double- track branch to Yonkera, I in.; operates 8 m.; total, 59 miles.
History- Successor to the N. Y. A Northern, sold under foreclosure
Of 2d mort. Dec 2H, 1*93, and purchased for .V Y. Central A Hudson
River RR., which operates It under lease see V. 68, p. 754. 820, 1159.
Decision, V. 74, p. 380. Capital stock Is $6,500,000; par, $100.
Bonds.— The New York Central guarantees the new consolidated
mort. bonds, of which $1,000,000 were reserved for Improvements; also
$1,200,000 to retire at maturity the first 5s— (V. 74. p 880.)
Vork A Itockaway Itcacli lt> .— < See Map l.ona Inland RR.)
—Owns from Olendale Junction to Kockaway Park. 10*81 miles, with
branch, 1'43 miles; total, 11 74 miles double track, mostly 80-lb.
stock, + 1.000,000;
par $100.
steel,
I oaaorl
Jane :io, 1902,
by I,ong Island Kaliroad Co., whose endorsement la printed on tlrst
mortgage bonds, of which, June 80,1908, (101,000 owned b
RK. and deposited in <ier its united mortgatre, together with 8000,888
of tbfl incomes. Year Minting June 80, 1908, gross, +:iI'M; net,
8163,0(19; other Income, 83,366; bal. over charges expended for im-

New

New

I

provements. -

(V. 66, p. 1046.)

4
5

984, 000

1,000 000
3,500 OOO

i

i

250 000
5, 000
3,745 OOO
447, ooo
2,551 OOO
244, OOO
2,000, 000

..

J.

M.
A.
A.

gg.
g.

M.

s*

A.

6

J.
J.

I

5

g.
g.

A
A
A
&
A
A
A
A
A
A
A

.r.

F.

i* M

6
S
6
6
*

450,000
al,4H5.000
250,000

M.
M.
g-

5

A.
F.

A
A
A
A
A

1939
1939
1927
1998
1927

1,
1,

Oct. 1,
Oct. 1,
Sept. 1,

Apr.

1910
1910
1911
1937
1937
1940
1905
1948

do
do
do
do
do

do
do
do
do
do

Jan.
Feb.

Aug.

1,

May
May

1,

do
do

do
do

June

1,

Moh.

I,

do
do
do
N. Nov.,'02,n tpd.wh.due

Deo.
Dec.

Moh.
Nov.

1,
1,
1,
1,

O. N.Y..8.Pao.Co.: London.
A. Phlla., FldeL Trust Co.

Apr.
Feb.

1,
1,

A.
A.
N.

M A B
J. A D.
J.

Jan.
Jan.

St.

June

do

July

D.

J.

15th

1,
1,
1,
1,
1.

do

J.
J.

A

5*
g.

80.

O. N.Y.,Of.21CortlandtSt

N.

6

2e

J. Phlla.,

N. Checks malled<see text)
New York (It v.
O.
O. N.Y., Or. Cent Station.
8. N. Y., U. 8. M. A Tr. Co.

5g. M. A

3,000,000
175,000

June 15 •03,3

Checks mailed.

D.

1).

A-

4»«g. F.

70,000

)

p.

5

44.0iK)
398,0<'0

Scranton and Elk Hill companies (as above stated), total maximum
capacity. 2,700," 00 tons; other companies, 300,000; shipments from

New York A

1.200 OOO
4,025 OOO

500

A W. obtaining a contract for the entire tonnage. V. 68, p. 41. 429. The
coal companies are expected ultimately to take care of all the obligations created
V. 69. p. 604. 646.
In November, 1900, eight Independent anthracite properties with a
maximum output of 2,000,000 tons annually were merged as the Elk
Hill Coal A iron Co., the N. Y. O. A W. Issuing Its +3, 500,000 5 per
cent sinking fund first lien gold notes secured by the Coal A Iron Company's first mortgage, these notes maturing $75,000 each 6 mos., beginning June 1, 1901. to Jane 1, 19)1, and thereafter $200,000 semi annually to Dec. 1, 1915. In the event of any additional mortgages
being placed on the railroad properties besides the refunding mortgage, the notes are to be secured pari passu with such new ohllgagatlons. The Elk Hill Co. also made a second mortgage to the N. Y O.
A W. for $2,400,000 at 5 per cent. V. 71, p. 1270; V. 73, p. 501.
The company's coal tonnage Is derived from the following sources:

1899, and since in default.-(V.76.

J*

1,000, 000

1,000

been repaid) secured by a second mortgage thereon, the O.

waahertes, 800,( 00 tons.
Earnings— 2 months,

2,6oO OOO

1,000

1887
1,000
1887
1,000
1890
1. 000
1895
1,000
1893 l.OOOAc

A

P2.000, COO See text. J.

$50
1899
1,000
1899
1,000
1887
1,000
1894
1,000
1887
1,000
1887
1.000
1880 500 Ac.

112
112
57
57

do
do
do

D.

8.

,

1,

1943
1907
1910
191«
1911
1933
1912
1938

2.000.0O0 4 In 1903 Q.-J. N. Y., Metrop. Tr. Co. Oct. 10, '03.1%
May 1, 1941
1.430,000
5 g.
do
do
64,469.200 2V, In '02 J. AD. Office, Philadelphia. J'nel9,'03, 1%
do
Aug. 21, '03,2%
22,988,100 4 in 1903 F. A A.
do

MAN.

i

New York Susquehanna A Western

It

II.— (See Brie Map.)

History.—Consolidation In June, 1881, of the Midland of New J. In
all of the capital stook was exchanged for stock of
the Erie KK., which operates the line as an Independent outlet to New
York. See V. 66. p. 53, 83 and 759.
Owned (in fee) or entire Si k. Milet. Susq. Connecting RR.
10
1898 nearly

Jersey City to o ravel PL, Pa.. 101 Other branches
25
[Doable track 19 miles.]
Line* leased, etc.
Mile*.
rwo Bridges, N. J., to Unionville 21 Mlddletown Un. A Water GapH 14
Wllkesbarre A Eastern
2
65 Trackage
:
Total road operated (Usee this 00.) June 30, 1903
.288
Stock.— Pref., $13,000,000; 00m., $13,000,000, of which the Erie
owned Jane 30, 1903, $12.378,900 common and $12,892,400 preferred,
of which $6,630,000 common and $6,630,000 preferred are deposited

under Its Pennsylvania collateral trust mortgage.
Dividends.— ) Nov., 1891, to 1892.
None

On

pref., p. ct.

2 1* yearly.

s

slnoe.

Bonds.— Oeneral mortgage 5s, bonds are reserved to retire the
second mortgage 4*ss. See mortgage abstract, V. 52, p. 84. The
tccondt are exchangeable for generals on payment of an assessment.
As to terminal bonds listed In Sept., 1893, see Supplement of Jan.,
1898, and abstract of mort. V. 57, p. 512. The WUke*barre <* Eastern
1st 5s are unconditionally guaranteed. V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each

M&S.

Earnings.— 2 mos.,

Gross, $482,820; net, $201,379
) 1903
July 1 to Aug. 31.
Gross. 263,715; net,
<1902
78,045
Report.— Report for 1901-02 in V.75, p. 1029, showed on 238 miles.
Tear.

dross.
Oth. Inc. Okarge*.
Bal., Sur.
Net.
$2,683,027 $1,213,782 $33,957 $919,992 $327,747
3i,622
924,608
2,583,928
1,113,345
2*1,359.
—IV. 75, p. 849, 10;8, 1032, 1302, 1400; V. 77, p. 951.)
% ork Texas
ITIeKlcan Rj.—(Sre Map of Southern
Pacific.) Owns from Rosenberg to Victoria, Texas, 91 miles; branch
from Wharton, Tex., to Hawkinsville, 48 miles. Comp eted.lan., 1903.
Stock. $630,040, of whioh 8outhrn Paoiflo Company owns $615,000.
There are also $53,000 old sixes outstanding and 30-year Matagorda
division bonds Issued at $15,000 per mile, due Jan. 1, 1981, int f ,t.I.,
on the branch from Wharton to Van Vleck, 31 miles. The stock bidders will vote Oot 27, 1903, on issuing bonds at not over $. O.Ooo per
mile upon branch lines to be built V. 77, p. 401. (>i>erated hy ek>.
Pao. Co., which guarantees the 4s. and to which is owing $823,236.
Gross, $428. « »2, net, $93,780
EARNINOS.-11 months, > 1902-3
Gross, 3i3,839; net, 129.827
July 1 to May 31.
> 1901-2
In year ending June 30, 1902, gross. $383 671; net. $149,167; balance
over oharges, $27,612 — <V. 76, p. 543; V. 77, p. 401.)
Norfolk * l'orismonth Relt Line RR.— Owns Port Norfolk
to Berkley, Va., 6 miles
Bonds see
St. ck,*49,6o0, in $(00 shares.
table. Year ending Deo. 3i. 1902, gross, $^0,248; net. $10,007; Int.
on bonds. $12,500; other int., $1,000; taxes, $8,841; bal., sur. $15,666.
Norfolk A Southern RK.—Owns Norfolk, Va., to Edenton, N. O,
74 miles; (ferry across Albemarle Sound to Mackev's Ferry, 9 miles;)
tuenoe road to Benhaven, 30 miles; Norfolk to Virginia Beach, 18
m.; Kempsville to Munden's Point, 22 in.; Virginia Beach to Cape
Henry, 7 miles; total main line, 151 miles.
Dividends.—July, 1892, to Oct., 1903, lnol., at 4 p. o. per annum,
and In July, 1901, 1 p. 0. extra was also paid.— (V. 74, p. 206.)
Report lor 1902-03 was in V. 77, p. 627, with balance sheet, show*

1902-03
1901-02

New

A

—

lng:
l>.nr1902 3
1901 2

Gros* (RR.)

$792,712
709,389

Dividends paid \ early
1356; V. 77, p. 627

(4

Other Inc. Int.* tax Sur. for div.

Net.

$P1,3<8 $110,736
$194,164
$7,910
174,736
13.317
92,408
95,645
per oent), $80,000— (V. 75, p. 240; V. 76, p.

)

Norfolk A \% cuiern lly.—Src Map.—System extends from Norfolk, Va., westward to Columbus, Ohio, and northward to Hagerstown,
Md., with brandies to the various coal fields In Virginia and West Va
Mile*.
Road owned.
Hilts.
Norfolk, Va, to Columbus, O. .704 Roanoke to Winston
121
Radford, Va., to Bristol, Tenn.l 11 Sundry branches
179
Roanoke, Va., to Hagerstown. 238
to Norton
100
44

Total owned June30. 1903.1.718
Columbus Oonn. A Term. KK.
4

Oraham

Nor. Car. June, to Fries

.

Lynchburg to Durham. N C.
1 15
Portsmouth Jot. to Clnoln 1
.

Total

1,722

Double traok
125
Oroanization— This Railway company In 1896 suooeeded to the
property ami franchise of the Norfolk A western KK., etc., foreclosed
per plan. Was In V ,09, p 841. The old stock paid an assessment
of +12 M) per share, common receiving 75 p. c. and the old pref. 112>«
nut ami Ivorydale

.106

1

p.O. In

new com

n.

In 1900-01 the IVnn.

KK,

together with oon-

trolled companies, acquired oontrol through purchase of over $32,000,of the stock. See V. 74. p. .*>03 alsoV'. 70, p. 6H7. 1150, (195; V.
\
71. p ho9. v.72,p. 164, 180; '. 73. p. 957. The shareholders voted on
Oot. B, 1908) to aeqolre various branch lines; V. 77, p. 29tf. Branches
building June 30. 1903, see V. 77, p, 643, 644.

OOO

;

Stock.— Provisions of preferred stock certificates were given in Sup111 mi nt of April, 1H97, page 4, said stock being 4 p.o. non-cumulative,
with preforenoe as to assets and dividends.

)

:

Dot.,

RAILWAY STOCKS AND BONDS.

liio.i.

B IILBOAD8
For explanation of column headings,
on iirst page of tables.

Miles
Ac., see notes

A

w

428

1,000
1,000
1.0OO
1889
M96 5O0 Ao.
1901
1,000

Hvj

129
....

No.

56
86

.

....
....

.

k-'il

1

K

North', Ala. 1st M ($350,000 lire prior lien).
.0
Northern, (N. R.)—Stock, 6 p. o. rental
Northern Central— (Stock $12,000,000 authorized)
1st mort.. Btate of Maryland loan— V. 74. p. 1 197
Consol. Ken. mort. i gold, s.f., dm. at 100, AAB.o
of 1874, gold, ae-? gold, $,
o
A D.FP
cares all equally, f gold, K
c
2d gen. M., Merle* "A" A "B" (A $2,565,000)
North'n of \rw Jergey— Stock, guar, (see V.69,p.81

83

DrviDKNDB.p.

o. )

Preferred...

}

Common

1

1,000
1.0O0

100
50

....

1

o

amC

1897.

1898.

1899.

1900.

1901.

1%

Z\

4*

4%

4%
2%

1902.

4%

1903.

4%

2 l«%June.l 1e
In 1902, on common, June, 1 p. o.; Dec., 1 ^ p. c
V. 75, p. 1148.
Bonds.— The tlrst consolidated mortgage of 1890 In limited to $62,500.000, of which an amount equal to the underlying bonds oan be
lasned only on the retirement Of the same. On June 80, 1908, the
balance unissued 1026,289,500) was reserved us follows: To retire
•19,8 M 9,000< iiistanillng prior lien bonds. $ >2,098,889; for new construction, acquisitions and Improvements, not exceeding $1,000,000
yearly, $2,690,»;i l; and $1,500,000 additional for similar purposes.
The right to issue prior Hen bonds has been annulled. V. 73, p. 602;
V. 74, p. 151; V 75, p. 505.
The 4 per cent tint cotitol* are a first mortgage on a large
part of the system, viz., about 860 miles of railroad; upon important terminals at Norfolk and Lamberts Point
upon the Ohio
River Bridge and the Roanoke Machine Works; besides being a
consolidated mortgage upon the remainder of the system, sub
lect to the undisturbed liens.
They are further secured by the
equipment, oertlfled to have cost ovei $1 1,000,000. covered by the car
tm-ti and equipment bonds taken up under the plan.
See ab
tract in V.«:4.i>. 370. V. 72. p. 137,488,532.728,1080; V. 75. p. 505;
V. 76. p. 1408.
The ft.
W.-Pocuhontns Joint bonds are secured by about 205,000
acres of coal !nnds owned and held by the Pocahontas Doal
Coke Co.,
* hose -lock la ow
1, ot \s hlch about 50,000 acres have been leased to
companies imse stock is all owned by the United Btatea Steel O01 por>
ation and 89, 787 to other oonoerna, the royalttoa under such Leasee
alone belnif shortly expected to be snlticiiiit to almost meet the Bxed
charges. They arc subject to call at 105, beginning 1906, for a sinking
fund of 2>» oenta per ton mined. V. 73, p. 845, 1)02; V. 74. p. 41. 3*0,
1197: V. 78, p DOS
The-,- bonds arc the joint and several obllgaiy Company and of the loal A Coke Co.
The eqiilpuent trusts of 1902 183,500,000) were Issued on new
equipment ooetlng $5,000,000. V. 74, p. 681j V. 75, p. 502.
For description of funded debt, see V. 75, p. 504.
G«m
The reorganisation reducea the fixed chartrea
fTom •8,814,037 to 822118,450, a redootion of t996,687, maJdng the
annual charges ahead of the new common stock smaller than those
ahead of the old preferred stock. Of the traltio In 1902-1903 56 per
cent (7,894,686 tone) was bituminous coal and coke.
As to Pocahontas bond! of 1901, see above.
Eahninob— For 2 months ending Aug. 31
)

;

A

A

1

A>/.

oToifir.

Int., taxes, tte.

$3*7o Ml $154*). 784 §445,782
8876241
1 347 038
421,093
Annual Rkport.— Fiscal year ends June 30. Annual

1903
1902

iur
$l.lo».oo2
8252948
Fnl.,

meetlnif Is
held at Roanoke. Ya.. on second Thursdav In October
Averace rate
per ton mile o 186 oenl in 1902 1903, again si 0-463 In 1901 02; average
load of revenue freight. 486 tone, agalnal 178
Report tor 1902-1908,
V. 77, p.b25, 642 (aee editorial p OOTi Showed
1902.
l B99.
1900.
190L
Tram end. June 30
$
$
$
*
Miles June 30
1,722
1,685
1,055
PaaseiiKer earnings
2.841.491 2.379,476 2.04«>.4 ,'5 1,857,305
Freight earnings
17,676.349 14.594.281 13,214,164 1 1.7
Mall, express, Ac
57*.44!»
524,824
480,638
642,836
Total gross earnings. 21. D
.2,208 15.785.442 14.091.006
Oper+tlnge.xp. ,v taxes.. 12,697.480 10.136,227 9,445,459 8.501,096
P. 0. of exp. to earns
(60 33)
(59*4)
(60)
Total net earnings. .. 8,4o;<,24^>
7,4 d,979^ 6,339.983 6,5eu.909
Total net Income
B.611^04 7,-»90»873 6.40M.600 5,6ti3,47l
Interest on fiimled debt. 2,435,6*0 2,352.402 2,238,480 8,257.289
Interest oncar trusts ....
625
5,375
11,238
16,400
Def.lnt Poc.C.AC bonda
159,176
161,230
Dividends on pief
(4)914,818 (4)910.011 .1 :« <:>. ;» 24 (4)909.748
Dlvidenas on com
(3)1,934.076(2)1,280,3^4 (1)644.692
Miscellaneous
1.135.000
1.520
10,000
1,051
Betterment fund
2,500,000 2,500,000 l.SOO.OOO 1,500,000
Flood funrt
250,000
Dl8oo.it,eto
470,266
347,078
80,392
31,185
:

—

B lmce
sr.l 85,041 sr.182. 076 sr.$822.030sr.$507.938
OTFICKR8.— President. L E.Johnson; Chairman of the Board of Director-. Henry Flnk,27 William Mt.. N. Y.;Bec.. A
Hemphill. Genera; otbee. Arcade Bldg., Market
15th street-. Philadelphia, Pa.
l)i...i(.rp.
Henrv Kink and Victor .Mors wet New V.r
l-re.ierick J. Kimball. B. m Praroat, Bamael Bea,
11. Barnea Joseph
N, Parker Shortrldce,
I. i'. .ran and John P.
H 'arlor, Nortolk, Vs..reen. Philadelphia; James Metre*. Pittsburg: ¥1
—(V. 76, p 140s V. 77. p. 296. 299, 625, 642, 824.)
.1

A

1..

w

;

I

:

Noirlmown &

Iffaln Line Connect n<r Kit.— Owns road
long, lnoludlng bridge over Sehm lkill Kuer. eTtemllng
from Norristowu to a connection with the main line of the Philadelphia * Reading at a point above Bridgeport, Pa The Reading ( o

3.405

owns

1

leel

the *50.000 stock and guarantees the bonds, principal and
Interest, by endorsement.— V. 75, p. 1148.
North Carolina
Owns from Goldboro to Charlotte, No
Carollnh, 221 -65 mile*; Carolelgh Jot, N. C. to Caroleigh Mills, 1-90
m.; total. 22355 m. Leased from Jan. 1. 1896. to theSouthern Ry. Co.
for 99 years at $266,000 (6»e p. o. on stock) per year till Deo. 31, 1901,
all

KK.-

6

g.
g.

-o.OOO
36.210. MM)
20,00
600. ooo

*
4
5

f.
g.
g.

3.500.OOO
o.OOO
4.0O0.0O0
4,721,250
1,500,000
4,500.000
1,200,000

4

g.

*
7

g-

r.

M.
A.
J.

r.

N.

a a
A N.
A O.

A

A

8.

When Due.
Htoek*— Last
Dividend.

pal,

Y

Merrant. Tr. Co.

.

do

May

1,

Apr.

1931

1

'«*xt.

I Mercantile

Tr. Co.

.

do
do

d>>

D.

A

:,

1941

i.

1952

J.

M.
M.

4

Phlla

8.

a

a.

<J.-F.

M.

4

•*»«.

I'llUOl

DIN

Where Payable, and by

.

M.
M.

8

3 18. OOO

145 1855
145 1874-5 $ A*
IB 1876-7 $1,000
145 1888
1,000
145 76A82 1,000
100
21 1887 100 Ao.
1900
1,000
....

FP

8d mortgage, now 1st, Intercut guar
Gen. M., $1,000,000, g., Int. gu. by lease.

6g. M. A
6g.

5,0<>

4

OH

Payable

2,OOo.o<>o

1,000
l.OOO

1890
1896

107

Wllell

Cent

$7,283,000

18H1
1898

26

Funding loan bonds. * 100,000
Real estate moitl end ground rente June 80, 1902
No. KilMt I'rnn
i'.X R .lend
IStM ,g
(>U *'0'

I.K1.-1

1

per

Outstanding

100
....
50
1866 500 Ac.
1873

223

Penn.—Stk., 8p. o. gu.99<
>o,oooauth.
Oil 2d M., now 1st M.( 7s extended in 1896)
Gen'l niort extended in mid In 1908
o*r
Consul. lionrlH HiMuirril bj +1.200,000 stock
r

5O0

1892
1902
1902

4
....

,

—

$1,000

Amount

1888

I

1

1881

165

1

Me

i

I.N

Hire, or

Road. Bonds Value.

Wmtrm. Ru.—(Oonel\i'
N. AW. (Jen. (nowlHt) M.N'orf to l{rl«..eto g. PPr'
New River division 1st mortgage, gold
o'
Improvement 4 Extension Mort., gold Fl* <•"
Bcloto Valley A New Kng.. 1-t M.a.ssum ,g
N. A W. Istoonsol M.. $62,500,000, g.
.c\tr
Pocahjt. M.. $20,000,000. g., call lo.r>,s.f Uf.o'Ar
Col. Con. A Term, lnt M., g., gu. p. A 1. (end
\
Eqnlp. trusts. g.,$500,oOO vrlv, beg
r
Norrxtt. a Mum 1, <;,,, -lstM g. , gu.p.tl.eud.GP
Norfolk

Date

Of

II!)

I

A
A
A
A

N.
J.
8.

N.

400,000
5 g. A. A O.
1.650.0O0 Bee text J. A J.
8.068,400 Bee t«-xt. <i.-J.
11,462.300 Sin 1903 J. A J.
U..
.1.
1,500,000
6
198,000
6 g. J. A J.
2,000.000
6 g. J. A J.
1,757.000
4*g. A. A O.
3,565,000
5
J. A J.
4
Q.-M.
1,000,000
6
654,000
J. A J.
154,000
4%* J. A J.

Burl'
Phlla. Or

Aug. 1,'03

do
do
do
do

do
do
do

Phlla. i'htla

A

L,

l.

Nov.

1,

f 1

*

1953
1905
1928

Apr. 1, 1920
July 1. 1928
not 1.
Bslllimim.Ticea o til or Julv 15

N.Y..J

1-

•..n,

Read'g.

M

u».

lo Milk

Annapolis

Irredeemable

Ixmdon and Baltimore. Joi]
Baltimore, Treas. OtUoe.

do

do

Baltimore. Treas Office.
N. Y.,21 Tortlan.lt Hi.

do

do

do

do

1,

July

1,
1,

Apr.
Jan.

1904
1904
1925

1

Sept. 1903. 1<*
1,

DM7

1,

July
Jan.

2000

and $286,000 (equal to 7 p. c. on stock) balance of lease; also taxes.
V. 63, p. 361. Of the stock the Htateot North Carolina holds $3,000,000.

— (V.

65, p 27; V.66,

p.

665).

North Pennaj Ivanln Hit.—Owns rrom

Philadelphia. Pa., to

Bethlehem. Pa.. 56 miles: branches to Delaware River, <xc. 31 miles;
Oround rente
aeoond track, 54 ** mll«>s; total track, 227 miles.
July 1, 1901, $47,854.
Leased for 990 years from May 1,1879. to
lease assumed in
Phlla. A Rea<llng RK. at 8 per oent on stock, an
1896 by Phlla. A- Retding Railway. The $1.50o.in)0 general 7s. due
Jan. 1, 1903, were extended at maturity In gold for *>o v ears at 3»,
per oent. V. 73, p. 1 160; V. 75. p. 1 t!S4.
urreut liabilities Juue 30,
1901, $217,024 -(V. 73, p. 1160; V. 75, p. 1354.)
North- Kant Pciinxyl vnnla It It.— Owns road from Olenslde to
New Hope, Pa., 26 miles. Controlled by Reading Company. Capital
Btook, $400,000, of which $318,950 owned by Reading Co. par. Northern A 11 bain a It y .—Shetlleld to Parrtsh, Ala., and branches,
stock and bonds pur
119 mllos. In April. IS'.):), a maloritv of
chased by the Southern By. V. 68, p 824,878 BcealaoV
Stock Is $2,000,000. Under supplemental mortga
1400,
000 of the outstanding $1, 700, OOO 1st ">s were made prior liens. Remaining $1,300,000 general lien bonds bear Interest for twoyeara
from July 1, 1X98, at 2 per oent, then 8 per oent for two -eiirs,
In rear ending June ;io. 1902,
after 5 per oent. V. 67. p. L208.
gross. $408,lbl; net, $57,0S9. In 1900 1 net, 854,898.— (V. 69, p. 28.
I

(

1

Northern (New llainimhlre) KK.—Owns Conconl, N. H., to
White River Jot, Vt., 70 miles; branoh to Bristol, N. 11., 13 m; total,
83 miles. Subsidiary lines Concord .V Clar-mont lilt., 71 miles; Pe
terboi ough& Hillsborough KK., 19 miles. Lease to Boston A I,owell
for 99 years from Jan. 1, 1890, was assigned to Boston a- Maine; rental
was 5 per CSnl on stock till July 1, 1H97, and now 6 per oent, payable In gold. Until Juh, 1S97, 1 t>. o extra was paid regularly from
contingent fund. Also in 1894, Jan., 5 p. c. extra was paid: in 1696,
July, fl p. 0. extra; In 1897 5 p. o. extra— (V. 65, p. 4<i3».
Northern California Ht.-See Southern Pacific RR.
Northern Central Ky.—Owns Baltimore, M<I., to Sunbury, Pa.
137 miles, of which 132 miles double track— branch, 9 miles; leases—
Shaiunkin Vallej A Pottsville RR., 38 miles; Elmlra A Wllllamsport
KR. ,76 in.; operates at oost^-Elmlra <fc Lake Ontario UK. loo miles;
L\ kens Vallev RR., 11* miles also since June 1, 1902. York Hanover
* Frederick RK., 56 m.j York branch Penn. RR York, Pa., to Colli nbi a, 13 111.; total, 450 miles.
Also uses N. Y. I., i: .v W. tracks, 7 m.,
:

,

and Phlla. A Krle, Sunbury to Wllllamsport, 40 miles.
okoasi/ation.— A consolidation of several roads In 1854 Controlled by the Pennsylvania RR., which owns a majority of the stock.
Skocrities Ownkd On Jan. 1. 1903. among the assets held wers
Phlla. Bait A Wash stock (par) of 8352.200; Klmira A Lake Ontario

—

$1,500,000; Hhamokln Vallev ,v Pott-vllle stock. $619,650;
Union RR. stock, $1,225,000 (the bal. of 8875,000 being held by Phlla.
Wiiiu A Balto.),etc. Also the following, mostly acquired in 1900; ('lies.
.'.000. 1; ,it. * Ohio prat Stock, +I.OOO.OO ), and
A Ohio
common, $781,500; Xorf. A West pref. stock, $500,000, and common,
$1,000,000; Erie A West. Transportation Co. stook, $500,000.
Stock.— Authorized Issue was Increased In Feb.. 1900. from $8,000.Ooo to $12.000."00; Penn. RK on Jan. 1, 1903
The stockholders will vote on Nov. 9 and 10 on lucre taing the

Btock

(all),

stock.

V. 77.

id'ds.—

p.

1

1888. '89. '90. '91. '92. '93. '94 to 1900. '01. '02
1903.
Per oent... $ 7
8
7
7
8
8
7 yearly
8
8
8
EARMNOS.-8 mos., J 1903
Gross. $6,882,245; net, fl, 577,592
.Ian 1 to Aug. 31. < 1902.
Gross, 5.4o2,845; net,
1,18
AWNtTAt. Rkport.— Fiscal year ends Dec. 31. President's report for
1902, given at length In V. 76. p. 476. 491, ahowed the following:
Vear mtl. nee. 31—
V. 02.
IH01.
1!H)0.
Miles of rond
«50
'.i-*\
:i*l
Uross earnings
$8,456/85 88,266,958 $7,845,412 87,233,417
Net earnings
2,351,590
1
2,511,1)69
1,950.523
Otherreoelpts
575,608
594.806
632,194
633,109
:
Total net Income
$2,927,198 $3,10.
Rentals, Ao
507.777
464.912
535,619
7~
Interest on debt
5<5.905
651,11c
530,187
Dividends
(8)916 9-0 (8)916.9*0 (7)6*4,033 <7)Taxes and mlscel
1. 6,969
'495.775
93.157
153,291
I)i \

)

.

Extraordinary

70Q.0OQ 1,1 01.039
613.525
Balance, surplus
None.
$12^,a67
includes $397,926 "extraordinary expenditures not
chargeable to capital account" (V. 76, p 865; V. 77, p.
•

Northern KK. of
Sparktli. N. Y.

New

Jersey.—Owns from

3OO.000
$247,810
properly

Hor^'en,

N*.

J.,

to

21 miles; leases Bparkill to Nyack, 5 miles. Leased
term of its corporate exist-

to the Frle RR. from June 1, 1899, for the
ence, for Interest on bonds, 4 per cent

<yable
quarterly, taxes, and all corporate expenses
Of the fl.ooo.ix*) new
4*9 per cent general mortgage bonds, gtianntoed by the Krle, S654,000 are reser\ ed to retin' the »>s due July 1, 1917. and the remainder
for Improvements and betterments or equipment for operation by eleotrtclty of the leased properties. See V. 69, p 81. -(V. 71, p. 30.)
North. Ry. Coata Klca.—See V.71, p.1067, and United Fruit Co.;
V. 75, p. 849.
.

1420

RAILWAY STOCKS AND BONDS.
|

Vol. lxxyii.

OOT., L903.I

LWII.WAY STOCKS AND BONDS.
I

121

:

RAILWAY STOCKS AND BOND&

1422
RAILROAD8.

YuL. lxxvij.
Bonus— princi-

INTEREST OR DIVIDENDS.

„„
Miles Date Size, or
Amount Rate per When Where Payable,
of
Par
For explanation of oolunin headings, Ac, see notes of
and by
Outstanding Cent.
Road. Bonds Value.
Payable
on first page of tables.
Whom.
I

Wo.Ohio— 1st

M., g. ($15,000 p. m.) gu., p.Al.Ce.o*
ITorthrrn rnriflc Ity.— Stock, $155,000,000
Western RK. Minn. 1st M., gold, assumed
St. Paul & N. P. (ien. M., I'd grant. assNl Ce.cwr
New mortgages of Northern Pad tic Ri/.—
Prior ben M. $130,000,000 gold, Id gr m
Gen. lien M. $1 90,000,000. g., land gr
F c\tr
St P.-Dul. Div. pur. money M., $20,000,000 G.o*
C.B.AQ coi. tr.M..if (red.aft Jan.'oO at l05)Gc*T
1st M. Minn. A- Dili., Minn. toW.B. Lake, g.as- d p#»*
Bonds I'ndkhlvino St. Paul A Di'i.nn Div.
Bt. Paul A Dulutli 1st mortgage, assumed
c"
2d mortgage, assumed. Ce
c*
Taylors F. A L. Hup., 1st M.,s. f. not dr'n.Ce.C
Duluth 8. L. 1st M, p. A L, 8. f. not dfn. Oe...c
Consolidated mort.. ass'd, $5,000,000, g.TIp.c"
Car trusts, Including interest, July, 1903
Horlh'n Pac. Ter. Co.— 1st M.. gold, red., at 110 F.e"
Worthern Railway (Oal. )—Skk SOUTHERN Pacific
Northern Stcuri ie»— Stock. $400,000,0<'0
ifo. Shore RH.—U. Pao. Coast, gen. M. (now lst),g.e
New No Shore M $6,000,000. g., s. f. beg.T2.c*
Northwestern Coal Ity.— 1st M., guar, end., g F o*
Northwestern RR.of'So. Oar— 1st M., $375,000 ..
Morvneh <* Worcester— Pret. stock, 8 p. o. rental

See

15

-

fl

t

M.), Int. gu.

under

-

1877
1883

1896 500 Ac.' 101, 892,500
1896 500 Ao. 60.000.000
1900
1.000
'7,925,000
11-01 1,000 Ac 215.i95.O00
1877
280,000
1,000

i g
3 g.
4 g.

ltJ7

167
21

25
238

1881
1887
1884
L886
1898

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

•98-*99

1883

i'obo

1,000,000
2,000,000
210,000
500,000
1,000.000
177,677
3,665.000

Q-J. N.Y.,J.P.Morgan&Bert

-

Q.-F.
J.

%*•
7

MoKTOAGK.

5
5

4Hj

F.

6
5
4

J.

A.

M.
g.

J.

5

6 g

J.

do

A
A
A
A
A
A

90 5
:

1892
1902
1893
1900

1,000
1.000
1.000
1,000

A. N.Y..J. P.

do
do
do
do

O.
J.
8.

D.
J.

100

1897

1.000

1.200,000

1,498,000

Land sales

(all
o.

owned by L. E. AW.) $3,580,000; prestock, $650,000; par of each $100.
Bonds.— The first mortgage is for $4,000,000 of which $1,500,000
unissued are limited to $15,000 per mile of completed road hereafter
constructed or purchased. Operated as part of L.E & W. V.66, p. 337
Northern Pacific Hallway.— (See Maps.)—Operates one of the
leading lines to the Paciflo, having its eastern termini at St Paul.
Minn., and Dulnth, Wis. (the head of Lake navigation), and running thence westerly, traversing the great wheat belt of Minnesota
and North Dakota, the mining district of Montana and the farming
country of Washington to Tacoma and Seattle, and to Portland, Oregon, with branches to Winnipeg, etc. The system comprises
Muni line.
Miles,
Leased to others.
Miles.
Ashland, Wis., to Portland,_ _
To other companies
9
Ore. (incl. 5 m. terminals) .2,171 To Province of Manitoba
354
Brainerd and 8taples to St.
Not operated
26
owned

5,505

owned (operated
directly)
5,116 Total system July 1, 1903.. ..5,976
See th's company.
Second track
78
The Manitoba tranches, aggregating 354 miles, were leased for 999
years from May 31, 1901 to the Provincial Government and sub- let by
the latter to the Canadian Northern Ry. at a rental of $^10,000
annually for the first 10 years, then $225.(00 lor lo years, then $275,000 for 10 years and thereafter $300,000, with the option of purchase at any tune for +7.000,000. V. 73. p. 610. In Jan., 1902, purchased branch fr"iu Minneapolis to White Bear Lake, Minn 15 miles,
formerly leaned, assuming $280,000 bonds
V. 74. p. 94.
On July 1. 1900, the Ht. Paul* Duluth RR., St. Paul to Duluth,
etc., 238 miles, was merged, its bonded debt being assumed.
V. 70, p.
1250; V. 71. p. ^48.
On June 30, 1903, 291 miles of branches and extensions were under
construction. V. 77, p. 1222; V. 75, p. 849, 1355.
Hibtoky.— This Wisconsin company on Sept. 1,1896. succeeded to the
railroads, land grant and other property or the Northern Pacific RR.,
foreclosed In July. 1896, and reorganized per plan in V. 62. p. 550.
The original Northern Pacitio Company was chartered by Congress
July 6, 1864; 450 miles to Bismarck were foreclosed In 1875.
Stock.- The $75,000,000 preferred stock was paid off at par on Jan.
1, 1902, the common being Increased from $80,000,000 to $155,000,000 V. 73, p. 1068, 1160; V. 74. p. 41
In October. 1902, 99 per cent of the capital stock had been acquired
by the Nortln rn Securities Co. (which see below). V. 72, p. 1081; V.
73, p. 138, 185, 1011, 1062, 1161, 1357; V. 74, p. 681.
Dividkndb (p. o.)— )1898 1899 1900 1901 1902
1903
On common
>
2
4
4
Incl.Aug.,5
5ki
On pref (now retired) ) 5
4 4(Q.-M.)' 4
In 1902. Feb.. 1 p. c; May, 1»« p. c; Aug., 1V» p. c; Nov., 1^ p. o.; In
1903, Feb.. 1 »u p. c. and »* p. c. extra; May, IHj p. e; Aug 1*« p. o.
Bondb.— A bfttractN of the new Prior Lien and General Lien mortgages of 1896 were in V.63. p. 1012*1019, and the statement to New
York Stock Exchange, was in V 63, p. 1072. showing:
Prior lien 4"„s purchasable with land sales tit not 6Xng 110 [but not subject to call], not over
$500,000 cash yearly to be so applied. Total Issue
$130,000,000
Issued and outstanding
ior,&f2joo
Reserved to retire Ht. Paul A N. P. and West. RK. bonds..
8373,000
For new construction, betterments, equipment. etc., under
carefully guarded provisions, but not exceeding $1,500,000 per annum, originally $25,000,000— still bald
16,000,000
Of the 9190,000,000 general lieu bonds, 9180,000,000 are reserved
to retire the prior Ilea bonds at maturity and 1 4, 1 00,000 for new construction. In tt< mien's, equipment, etc.
The m. l'<iui <t- thUutA itirmimi mortgage Hccures §20,000 000 purchase money bonds on the former St. Paul A >u ill, of wliich $!),'..' IV
OOO were Issued to acquire the ro.nl. $ >,283,0O0 are reean ad to retire
existing st. P A D. bonds and the balance for Improvement! to the
property
V. 70, p. 1200; V. 71, p 1167. The land- Included In the
grant of the rormer Bt Paul a Duluth are estimated to be worth
about 94,000.000, and vrere not oovered by the old mortgages. They
are to be sold and proceeds applied to purchase of the bonds at not
over 100 and Interest, or if not parohaeaMe at iiiat price, then to betterments, improvements or ad .IIIoiim to the mortgaged premises or
equipment therefor. To July, 1908, 91,930.000 had been thus pur
Total

V 71.

Idaho

l

1

|

Washington
Oregon

•

;

i

11

;

1

(/> Nortk'n, Xnrlh'ii I'ac. Chi. J! <f Q.
Total.
Aver miles opcr't'd 5,849-87
S.019'36
8,109-08
18,377-81
(iroHs earnings ....$38,858,513 $41,387.379 953,795,245 $134,041,137
taxes 20.874.:- 17 2 .',438,303 35,682,875
Oper. exp.
78, "95,495

A

Net earnings. ... $17,984. Iw6 $18,^49,076 $l*,i .2.369
Mlscellan's Income
B4't,7G5
34».«04
8,081,750
Total net liiomef 20.01 5.946 $ 9.792.S4 $18,453,17-1
lived char. A ren. '5.000.263 •6.745,607
8.370,064
1

1

$55,04.),-

42

3,216,319
$58,201,961
*20.145. '28

Balance

$15,015,683 $13,047,234 $10,083.1 10 $38,116,033"
•Interest ($8,600,120) on (it Nor.-Nor. Pao. Joint bonds not In-

8,098,118
70,3-12

—

Total west of Mo. Rl v. 15,61 6,911

02.

—

p.

147,776
35.290
10,758.414
1,493,719

1

Northern Pacific Terminal Company, of Oregon,— Owns

WH

Montana

1903

terminals on the Willamette River, Ore., at Portland, East Portland and
Albina, comprising lands 270 acres, trackage 32 miles, dock frontage
7,904 feet Station at Portland, Ore., opened 1896. V. 69, p. 230,441.
Lease.— Leased for fifty years from Jan. 1, 1883, Jointly and severally
to Northern Pacific, Oregon Ry. A Navigation and Oregon A California,
with guaranteed rental to pay Interest, sinking fund and taxes: leases
assumed in 1899 by new Nor. Pao. and Or. RR. A Nav. V. 69, p. 230.
Stock.—Stock ($3,000,0001 owned by said three companies (40 p.o.)
by Oregon Ry. A Nav. Co., 40 per cent bv No. Pacific ana 20 per cent by
Oregon A Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink. fund, which is to cancel the bonds.
Bonds.—The first mortgage is for $5,000,000; in 1903 $4,120,000 had been issued, of which $455,000 retired by sinking fund, drawings at 1 10 and interest V. 75, p. 135, 849; V.76,p. 159; V. 77, p. 193.
Northern SecnrUle* Co Incorporated on Nov. 13, 1901, per
plan for harmonizing the Interests of tu« Northwestern roads. See V.
73, p. 1011, 1062 and 13 >7. In April. 1903. the U. S Circuit Court of
Apueals dec ared the compauy to lie a combination in violation of the
Anti-Trust Act, and therefore Illegal; an appeal has been taken to the
U. 8. Supreme ourt, argument being set down for Dec 14,1903. V.
76, p 811,919,1249. The Tinted States Circuit Court In Aug.. 1903,
decided in favor of the company the suit brought by the State of Mlnne-ota. V 77, p. 29K.
Stock authorized. $100,000,000; par of shires, $100. About 99 per
cent of the $155,000,000 stock of the Northern Pacific and about 75
per cent of the stock [*123 880,400] of the Great Northern are owned
by the -ecurlti -s Company, having been mostly exchanged on the
beds of 8100 for 9118 and 8180, respectively, In Northern Securities
OO >doek to retire the entire stocks of oth companies would require
$103,250,000 of Seourltles Oo. stook. (gee V 76. p. 108.
Di\ OKNim. -Dividends 1902. 4 p. c In 1903, 4>jp o. (1 »e Q.— F.).
Report for i.<'._> months ending Dec. 81, 190 ', with balance
It post
sheet, was in V. 76, l> 102-*, showing: Dividends on stocks Owned,
$15,864,262; expenses, interest and taxes paid, 8542,510 ; dividends
(4P. C),9 '•'" i8*8i "alanee, surplus, +75H, 107.
Barkings Gross earnings of t he 3 roads for the year ending June
3o. 1908, «err -l M,.r>5i,t,:ii. V. 77, p. 147. For the year ending June
30, 1902, as follows:

1167; V. 72. p. 889.
Land Ohant.— The land grant
12,800 acres to the nUfl In the
st »t ch of Minnesota and Oregon ami 25,600 seres per mile in tin- (then)
Intermediate territories. The acres on June 80, 1908, nol yet sold were:

Minnesota
north Dakota.

30,

,

,

oai"'«leri.

June

,

,

and

add'l In treasury

in

Yrs. ending June30.
Aver, miles operat.
5,111
5,019
5,100
4,714
Passenger earnings. $10,595,447 $9,177,509 $7,247,000 $6,219,996
Freight earnings.... 33,301,^58 30,227,013 23,481,713 22.140,180
Mail, express, Ac...
2,244,700
1,988.853
1.832.27
1.661.142
Gross earnings.. $4 e, 142, lo5 $41,387,880 832,560.984 * (0,021.318
Net earnings
$22,110,012 $20,098,966 $15,920,840 $15,626,690
Taxes
$1,421,434 $1,149,890
$920,352
$850,590
150,-43
Rentals, etc
...
120,742
134,690
112.852
3,000,000
2.011.285
Add'naand lmp'ts.. 3,000,000
3.000.000
Netoperat'gincome.$17,538,035 815,828,333 $12,854,513 $11,663,247
MisceL.excl.land sales 1,1 1 ,\55l
843/765 _
743,787
685,521
Bal. for interest
818,650,^86 $16,672,098 $13,598,300 $12,3i8,768
Interest
6,904,696 $6,624,866 $6,395,681 $5,K.;4,<t50
Div.onpref stock
(2(1,500,000(4)3,000.000(4)3.000,000
Div. on com. stck(6 12)10,074,944!(5)6,999,946 (4)3,200.000 (3)2,400.000
Bal., Bur.for year $1,670,946 91,547,'286 ~$l,0u2,«19 $1,083,819
Officers (Tuly 1, 1903).— President,
St. Paul,
Minn.; Vice-President, Dan. 8. Lamont, New York; Sec, George H. Earl,
New York; Treaa C. A. Clark, St Paul. New York office. 49 Wall St
—(V. 76, p. 331; V. 77, p. 147, 193,452, 767,951, 1222.)

If

Ch*se,(l

1933

:

Oonlroi led properties.

1

1.

for 1902-03 in V. 77, p 1222, edit p. 1198.
1902-3.
1901-2.
1900-1.
1899-0.

Wash. A Col. River,
fll63
Minn A Intern. (V 77, p.451) 137
Other companies
171

I

Jan.

Checks mailed.

Annual Report.— Report

181
Total

Sept. 1, 1916
June 1, 1968
To 1909

|

$42,339,972 in 190

|

2,764
2,352

Jan. 1, 1914

application to list, V. 73, p. 294; V. 73, p. 610.
On Jan. 1, 1901, voting trust was dissolved. V. 71, p. 1013, 1016.
E^rvinos Year ending June 30, 1903 Gross, $47,142,581, against

i

Total main line
Various branches

1921
1907

year 1902 03 aggregated 2,309.141 acres; net amount
received from sales and land contracts, $5,393,895.
General Finances.—The flxed annual charges of the property as
then constituted were reduced $4,770,206 by reorganization of 1896.
In 1901 the Northern Paciflo and Great Northern acquired $107,597,500 of the $111, 14v, 800 stock ol the Chicago Burlington A Quincy
RR. In exchange for their Joint 20-year 4 per cent gold nonds
secured by the deposit of the stock in trust, on the basis of $200 In
bonds for each $100 (-took. See circular, V. 72, p. 871, 1034, 1135;

(_>..

412

do
do
do

N.Y.Winsl'w.Lan'rACo,

J

Paul
Other lines

1931
1917

Jaiy

Nov. 3,*03.1»a
5 g. J. At j. San Fran.. Co.'s Office. Jan. 1, 1912
5g. M. A N. N. Y. & San Francisco. May 1, 1943
M. & N. N. Y., Farm's L. A T. Co. May 1. 1928
I* A. A O. Bait, 8. Dep. & Tr. Oo
1949
8
Q.—J. Mech. Nat Bk., Woro. Oct. 1,'03, 2%
M. A 8.
Boston, Co.'s offloe.
4
Mch. 1, 1927

850,000
794.000
285,0<0
3,000 000

Northern Ohio Hallway.— (See Map Lake Erie <t Western.)Owns Akron to Delphos,
165 miles; branches. 2 miles. Leased
in perpetuity to L. E. A W., which guarantees the bonds. V. 62, p. 826.
ferred non-cumulative 5 p.

1,
1,

Jan.
Jan.
Dec.

t

do
do

Coupon bonds F. A A.; registered bonds Q.— F. 6 Coupon bonds J. A J.; registered bonds Q.-J.
420 marks per dollar. 5,130 miles, including 40 miles not operated; spurs, 261 miles. * $331,000

Stock.—Common stock

Morgan A Co. Aug.
do
Oct

New York.

Q.-F.

100 364,867,849 4H»ln'03

lease, curr'cy...Oifcr

Berlin at

1997
2047
1996

Jan.

1,
1,
1,
1.
1,

do

D.

N

M.

g.

A-

A

RR.

,

Bonds (not

:

I

Due.
Stocks— Last
Dividend.

$2,500,000
5 g A. A O. N. Y.. Chase Nat Bank. Oct. 1, 1945
$1,000
See text. Q.-F. New York and Berlin. Aug. 1, '03, l»t
100 155,000,000 «.
M.UJt&Nl
352,000
7
1,000
New York.
May 1, 1907
8,021,000
1,000
6g.
do
Feb. 1, 1923

1895

167
60 i*
182

pal, When

cluded.
'

Officers.— President, .lames J. mil; Vloe-Presldent, John 8. Kennedy; Second Vloe-Presldent, George F. Baker; Third Vice President,

B

d

.

RAILWAY STOCKS

Oar., 1905.

BOND!

\\1>

L423
OK IHVI1H

RAM, ROADS.

or
A mtmwt *
'' rtr
For explanation of column headings, Ac, nee notes
"f
"r
nnuTnSL B
on first page of tables.
Road. Bonds Value. .^uwianoing e<, nt

Nor.<*8t.L.— lstM.,$300.OO0,g.red.ll01nl0yr8Ta
Ogden Mine in;.- Stock (8 p.o.rent.Cen. of N. J.)

Ohio*

Ky— 1st

f., ci«.ll

at

10

1

C

Cc

B

g.

376
808,000
50.000

6

loo

17,058,900

1892
i;to3

u

21

667

100
100

...

1896

1st)

100
1882
1S7S

-

E.-lst M..$ 100

<M)0. g.. red. 1 10, *.f.

1.0O0
1,000
1.000

1SS<!

1S97 500 Ao.
1902 l.OOOAo
L897 50<» Ao.

1H97 500 Ao.
1902 500 Ao

HeriesB.non-oam.91o

Si.

\ .,

W

D. Willis James; Fourth Vloe- President.
P dough] Seoretary and
Treasurer. K. T Nichols; General Counsel, W. P. Clough.
n Willis Jam»s.8amnel Tboroe, Jsmes J. Mill, K. T. Nlcholn.
Dlreotori
Oeorge K Bxkrr Robert B
b Vi
l'. •turns.
Daniel K Lamont,
H.
ii'irriiiiiin
n-.,i, ii
-oblfl. James BtUhnan, W. P. OlooRh, (ii-ornu c, Clark,
John 8, Ixeuiiii.iT Hint N Terliui.e.
-(V. 7ti. i> 010, 1028. 1240, 1301, 1356; V. 77, p. 147, 299.)
North Miorc IMC. (Narrow Gauge)—Ownn Han Kranotsoo to
Caxadeni. s? mil.s, luanohes to Han Kafael and Mill Valley, 4 miles;
lease-, to Han C^iientlli, 3 mlleH; total Operated. 94 miles, includ ng
ferry to Sun Frsnolsoo, 6 miles, of the road, BansolttO to Mill Valley,
Fairfax and Man Rafael, 25 >« miles, was opened as a tlitrd-rall standardgauife eleotrto line in Auif., 1903. V. 74, p. 1259. Bnooessoi May. 1902,
of North Paolflo Coast KR., tuirehaHed hv syndloate eompoMd of K. R.
Oolirate. R. M. Hotallng. William M. Plerson, (. A. Grow, K. J. I)e
Bahla Jr. and John Mai tin. V. 74, p. 94, 159, 897.
Htock Issued. **';,()00,000, par$lOO. An assessment of $5 per share
was l«vhd July 'J.l, 1908, pa] aide within :io days, to pa] for tmpto\ e
iiients. eleotnoal equipment, etc.
V.77,]i 2=>o. Of the $6,0O0,ooo 5s
of lOO'J Men • 11 rile, Trust Co. of San Ki ancisco, trustee), the present
issue is 98JV00.00O, of which 91.50o,Oi>0 were reaerved to retire the
North Pacific Coast on at or before maturity, the balance belli.- nmiable a« required for extensions and Improvements. V. 74. p. 1252.
Lotkht KARNi'os.-e mos., ) 1903. .. .Gross, +379,1 59; net, $178,560
Mar. 1 to Aug. 31.
\ 1902....(irosH.
315.971; net, 141,158
8nrp. over
mos. charge*. $94,292 In 1903, agst. +80,682 In 1902.
For year ending Dec 3>, 190. .gross, $524,228; net, 9183.986; Interest and taxes, 9124.S20; baL, but. ror year, 939,666. In 1901, gross,
9474,40;; net, 9lii2.636 iresident, Joltn Martin, Han Franolsco.
(V.
74. p. 232; V. 6, p. 332, 865; V. 77, p. 251.)
Northwestern Ooal Kr.- Allouer Bay, Wisconsin, to Allouez
Junction. Wis.. 2 -53 nillee, with coal wharf covering about HO acres of
land
V 71. p. 698. Owned bj the Pittsi.ur* Coal Ob., which guarthe bonds. See official statement, V. 71. p. 69". Capital stock,
l.ooo.ooo. For year ending June 30. 1902, gross, $25, HI.".; oet.98,t71; lot and taxes,
$11,839; bal.,def. for year. $3,468.— (V. 71, p. 698.)
> on h \% »!.— See Chicago A North Western.
I

.1

1

—

.

Nortlm e-i.ru Ktt. of South Carolina.— Wilson

Mill. 8.

C,

via Sumter, to 'amden. (>1 miles, of whlcli rtumter to Camden eomSleted l'.KK); ••ranch. Millard to St. Paul. 4 in.: trackage, 4 m.; total
9 miles Stock. $100,000, Llvldend ; i er cent paid Dec, 1900
and L9ol. Year en. ling June 30, 1902. gross, $82,433; net, $11,889;
taxes, 98,95u; on trges, -1 1,4«>0; dividends, 98,000; baJL, sur.. $^0,490.

Nuruldi A Worcester Kit.—Owns

from Norwich, Conn., to
Mass., 59 miles; branch. Norwich to Qroton, 13 miles;
Also owns entire capital stock (9500,000) nf the Norwich A New York Transp. Co.. operating boat line to N Y
it\
Leased
to New England RR. for 99 years fre ai Feb 1. L86O, and aeoepted by
N. Y N M A II
'.K. since .fuly 1
1898; rental is S per cent on preferred stock.
V. 89, p. 1 194; V. 70. p. 76, 19
Nor
A Si. I.HWrciu o 11 II.— Norwood to Kaymondvlllfl, N.
Y., 7>n in.; opened Nov.. 190L
8 took, $100,000; par of shares. tlOO.
Bonds are snbteol to call at 110 Apr. 1, 1919. P
H. Uen.inirton, Treas.. Warren F. Howe, Watetfown, N. Y.— (V. 71, p. 1080
UH.-V. 63, p. 210; V 67. p. 898,
Ouden Tiin,.
Owns Nolan's Point (Lake Hopatoong) to
Sparta tor Ogden Minei. N. J., 10 miles. l>eaeed for 999 years from
Jan. 1.
ntral KR. of N. J. for 5 p. c. per annum on capital
stock and $500 yearly for organization expenses.
total,

72 miles.

(

I

—
wood

.

.

(

)

Nypauo

KK.—

OgdeiiMburg

A Lake

<

I111111

plal

11

Ky.—8ee

Rutland RR,
p .J 10.
East. Ry. at JackJt> m.
Operated by

Ohio Conn, ctlnt; H II. - 75, p. 981, 1400;
Ohio A Kentucky Ky.—Owns from Lex. A
.

'.

V. 76,

son, Ky., to cannel coal fields in Morgan Co.. K\
Lex. A Fast. Ry. for 5 years ending June 1, 1904.
Com. stock, $200,OOO; jiref stock. $100.(8H); lionds as above. $250,000; lunlor securities
to be laken by stockholders, $175,000. The lionds are guaranteed by
tiie Eentuokj Hiock Cunnel Coal Ob.
Year ending June 80, Dto3.net
earnings were 882,890.
Pres., W. de L. Walhrldge, 1 H'way, N. Y.
.

Little Kauaw ha Ky.— ZanesMlle, ().. to Marietta, etc,
v (in. p. 907. Acquired by bait. A Ohio, which nas pledge
tttsbnrg Lake Krie A West Virgin. a mortgage 9586,000
common and +SJ4.000 pref. stock. V 73. p. 12«4. Stock, outstanding,
oomm. hi, *!»ls,ooo: preferred. $1,167,500.
Iu year 1901-02, gross,
8188,71s, net. $43,191.— (V. 73,
p, llel, 1264.)
Io Rlver
--' S« B <* O. Jfnnj-In JiUy. 1901, purchased
•.°J? „
by the Bait A Ohio RR., which has pledged $5,884,400 of the +5.915,430 capital «t4'ck as part security for its own Pitts L K. A
Va 4s.
Report. Year ending Jhne 30, 1902. gro-s. $1,559,152: net, $5S.">.942; Int. $25 .536; bal.. s ir.. $333,406
Barnlnga since July 1, 1902,
are Included In Lhose of B. A O. Report for 1900 In V. 72. d. 985.
—(V. Ti, p 9S5; V. 73. p. 83,237,287 )
Ohio Klver A Western Ry.— See page 1490.
Old Colony RR, (71 a**.)—Owns road from Boston to Provtnoetown. Mass., Newport, R. I., etc., 508 miles; leases. 10S miles.
Lbase.— In 1893 leased to the New York New Haven A Hartford
for 99 v«»rs
About $5,500,000 of the stock, included in table above.
Is held by the lessee.
The lease provides for dividends of 7 p.o. per
annum on stock not exchanged. V. 56. p. 247, 374. Stock author-

Ohio A

80

miles,

andei

its

I

RH

s

i

i

-,

July

roadway.

-

W

loja
1930

l.

A

F.

A

7

A.
A.

I'hlla.. K.

li.-J.
|A. A O.

4

4

J.

A
A
A
A
A
A
A
A
A

.1

,V

'•t.OOO

4

3.100.000

4

J.
J.
r.
J.

1.01

5

J

.

g.

1,000,000
3>s
5
1,977,000
19,081,000
5 g.
24.0O0.000
1 1,000.000
4% In '03
21.482.000
4 f.
27.400,100 mostly o
14,031,000
« K7
4,998,000
1,802.000
5 g.
i*.32*.ooo
5 if.
41,000.000 3ee text
7,183,000 5 p. o. tn

1,

Apr.

1,

do

AUK.

1.

J
.1.

J.

W.Clarl

ion tin.

r.

08,

A.

D.

do

J.
J.
J.
J.

Boston, N. K. Trust Co.
Trea*. sffloe. Be
Prov. L. A T. Co.. 1'iiiia

Apr.

Jan

200.000

l

do

do

Union

A
A
A
A
A

Pacific

N. Y.. 120

1,

July
Jnlv 2,

...

<

1925
1010
1933
1943

.

i

'9

July. l'.i(U,2«h
June. 1, 1946

,

Broadway.

Feb.

do
do
do
do
do
do
F.
A.
do
do
Bepl 'o2
do
(let.
1902
do
N. Y.. No. Amer Tr Co
5 g.

1.^-11.000 4 in

July

I

New York A Germain

II

1.

l.

Y.. Houth Pacific
N. Y. Ottlce. 190

J.

.Ian

IS

1904
1904
1938

1,
1,
1,

July

•N.

wn.-.l by
F.
A.
J.
J.
J.
J.
J.
J.

1908

1.

i

do
do
do
do

J.
J.

1936
1937

or Phlla.

Boot

I

I

4 is

3,000

June

,l,i

N.Y., Central Tr. Co.

I).

New York
,F.

750.0OO
4,000,000

1

A

do
do

'

1,000

IAn>- lilt.

.1.

5 g.

(t)

1

125

Ull

I,

1884
1,000
1,000
1884
i.eoo
1888
1894 l.OOOAc
995 l.OOO fee
1.000
1880
1902
l-''.;
1,000
lss?
l.OOO

,

rf

\

g.

.

Oreg.

,,.

O. City N.Bk.Wat'rtfn.N.Y tpr. 1. 1938
h.-*t nut St. July. 'OJ. 2 4*»
18
'

2,000,000

0* 1,063
$24,500,000. gold !M
Common stock
Or. Hh.l.. 1st M p. a L.gold s,-.- v.f»;i. p.602...o*
600
Utah A North'n 1st tnort., $12,000 per mile
477
o"
Con.M.gu 915,000 p. in., s. J. not dr'n.g.ABe
477
Con. let Bit, 936,500,000, g. (1st M. on lOOm) W.o' ,479
Four p.o. ami partlc. gold bond*, drn. l()_"«.c-,tr
Income bonds, Series A. 5 p. o., nonoum.OK.

do

.1

1,000
1,000
1,000
l.OOO

\

M mow

Consul.

if.

B

1.000

11

I-'.

A

5

A.

1886
L887

Ml

Bonds, not mort. (authorized $3,000,000), g.. <T
Bonds, not mortgage
oat
Boston elm
e
,v N. B. mortgage NK
Bonds, not mortgage
e*t
..
Omaha ltrul</e <* Ttrminal By. 1st M.<$5,000.0oo»
Oregon ,f Cnl. 1st M., if., dr'n at 100 gu p Ai I

Oregon Short

".OOO

,

g.

I'HUU.-

/•

|l»I.WhM Uu,
*«*A-«-La*t

by

1,000

r
r

oe<;/i»f/«n- Coiiiiiion stock
Preferred stuck, 1 per cent, non ciiinulatl\ •

5

moo

33

Mm

.1

91oo.(M»>

189

•

i

Oregon Kit.

9f

-.and
m

'

80

OKio <£ Little Kanmrhii Ry.— 1st M., 9230,000, g. K
Ohio rf Mimi$rtppi BeeBALT. AO
Sol n
Osio Hirer- 1 nt mortgage (92,000,000), gold I i'
Oen. M. (98,000,0001. gold, 1st od 39 vailm.WB.eT
ZUr.8p.A(Hen.lBtM.,84O0,OO0.g.,gu..p.4
Pi
IIiuit1iitrti.il a Big 8. 1 81 M. (9400,000), gold. ga 0*
Ripley a
Cr.isl M.g.,gu. p. At.. end Pi*
Oh.Biv.dWut. 1st M.,#2,780,000jj.i.f.red textCn
vtd Oolong Btook, 7 p, c, guaranteed bj rental. o"
Bonds for Pramlngaam a Lou til bonds
o

Bonds not mortgage
Bonds, not mortgage

6*
LOO

1901

10

.

.

M., g.,s.

7»«

.

do

.

ilo

1922
1908
1926
1946
1927
1946
1946
19V2

1,
1,
1,
1,
1,
1,

July
July
July
Auif.

July
July

1,

Apr

1

ized, $20,000,000.
In Feb.. 1903, 905O.OOO additional ttoek
tliorlzed, of which $300. 000 m as sold, raising amount to 917,4
|xo
v
7»i. p
In June. 1909, issued 91,000.000 of 9>t per cent bonda.
The Stockholder! on Sept. 29, 1903, au horl/.ed ls-iie of 91,34
bonds to refund bon Is maturing Apr. 1 and July 1, 1904. V. 77, p.
824. -(V. 75, p. 78.135; V. 70, p 480, 504, ii.l. V 77, p n.'i
Buna to Orange, Texas, 30
Northwestern
miles.
ire proposed, making ;e-<5 miles in nil. Including
1

|

KK.—

Orange A

one from Bona to Soreveport, loOmtlea, Btook authorised 9400,000;
outstanding Jan 1003, 9200,000. In April, l 09,
Railroad commissioners of Texas approved the Issue ot 823,000 bonds per mile on 30
miles. President, L. Miller; 8eo. and Tteas.. W. W. Reld; Oen. Mgr.,
C. W. Hole. Office, Orange, Tex.— (V. 70, p. 1144.1
.

A

Oregon
California It It .— < See Map •iouthern Par. ) -Portland,
Ore., to California 8tate line, 367 miles; Albany June, to I/ebanon, 12
miles; Portland to Corvallls, 97 miles; Woodburn to Natron. 03 miles;
Portland, Ore., to Alrlee, Ore., and branch, 85 miles. Total. 654 miles.
l.i ikk, ktc.— leased to Southern Paolflo Co. for 34 years from August
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after payment of charges. Betterments are payable by lessor. Southern I'aoino
owns the bulk of the $19,000,000 stock, $12,000,000 of which is 7 p. 0.
pref. V. 72, p. 287. Due 80. Pao. Co. June 30, 1902, 94.985,790.
Bonds.— Land grant was about 4,000,000 acres, part of which Is
oovered by the mortgage, proceeds of land sales going to redeem bonds
(su i)cct to call at par). The Southern Pacific guaranty of prinolIn 1901-02 net
fml and Interest is printed on each of the 5 per cents.
and sales suhlcet to mort. were $1,484,299. See V. 63. p. 754.
Latkst Earnings —11 nx,) 1902 3.(lross, $3,c.26.533: net, $9 '6,1 17
July 1 to May 31.
3,l8»,a62; net, 953,513
< 1901-2.Oross,
Earnings.— Year ending June 30, 1989, gross. $3,504,911; net,$l.016,095; Interest, taxes, etc., 81,260.574.— (V. 76, p. 1144.)

Oregon Improvement.—See Pacific Coast Co. (Mlsoell. Co's).
Oregon Kallroad A Navigation.— (See Map Union I'ne.)— East
Portland, Ore., to Huntington, Ore., 408 in. Umatilla, Ore., to Spokane, Wash., 245 m branches 425; leases 2 m.; total, 1,075 m. of
which 19 narrow gauge; river division water lines, 375 miles. Ocean
line to Ran Francisco. 660 miles. V. 63, p 969; V. 71, p. 391. 603.
In
Aug., 1902, contract was let for extension from Rlparla, Wash., to
Lewiltoa, Idaho, 71 miles, to be completed in Aug., 1903.
Organization.— Organized In July, 1896, per plan In V. 61. p. 325
and V. 62, p. 41. Controlled by Union Paolno Ry., directly and
through Or Sb Line. Owns $700,000 first 5s (entire issuei of Columbia southern Ry.. Biggs. Ore., to Shanlko,71 miles. V. 73. p. L U3.
BTOOK.—In October, 1899, the U. P. Issued Its common stook to
retire, $ for 8. toe 97,718,600 or. KR. A Nav common stoo«c not
owned by the Short .Hie 'o ami Its preferred stock to retire the*ll.OOr RK. iv Nav pref. stock.— V. 69, p. 49J.VI7 In July. 1909,
all -\cept $3><,2ic common and $16,954 preferred stook was owned
by tie Union Paolflo system. V. 70, p. 177.
UiviiiiMis.—On preferrril: is;t7, 2 p. c; 1898 to July, 1903, both
Inclusive, 4 p. o. yearly. On comnutn paid 1% July 2. - •>
TlM consolidated mortgage of 1896 (abstract V. 63, p.
928; trustee, New York Security A Trust Co. covers all the property.
Of the $24,500,000 authorized, the bonds unissued ire mostly
reserved for the construction of additional road at the rate of not more
thai. r-'O.OOO per mile of constructed road.
V. 74, p. 206.
Rki-ort.- Report for 1899-1900 In V. 71, p. 960.
-.ir end. June JO—
1901.
1900.
1889.
Rail lines
96.6S3.115
$6,258,288
$7,542,954
;

;

(

I

1

Bona-

t

)

WaUir

K49.346
747.697
839,277
$8,392^300
$7,52.2,392
$3,68S,543
93.522.0O3
$3.l4d,790
p. 206. 380, 830, 884; V. 75, p. 29(1
Oregon Short Line RR.— (See Map Un. Pae.)— Granger, Wro., to
Huntington, Ore., 542 m.; branch to Ketchum, Idaho, 70 in.; Ogden to
Mc( amnion, Idaho, 111 miles; Pooatelle to Silver Bow. Montana, 256
miles; U«lil Junction to Tlntlo, Utah, 54 miles; Ogden, Utah, to Prlsoq.
276 miles; sundry branches, 173 miles; Butte to Grarrtaon, Mont.. 57
in., owned, but operated by Northern HVicifl"; total
1,740 miles. Branch fro n Corwiue. Utah, to Maiade Clt y, lu.iho, IS
-i oomploted lii Oct.. 19o3.
On June 30, !K)3. the portion of the main line from Salt I.iUtah, Ui Caiienies, Ne.v.. 340 miles, Inoluded above, wt\ aonii br>,uob
mileage and additional completed roa I south o CalleutO", ii"it550
miles m all, was taken over under purofa
A Salt Lake Rv. V. 76, n 919,1856; V. 77, p 38.
UlsToRT.—tiucceseor March 1(>. 1S97, of rhe Oregon Short Line A
Utah Northern Ky., fOiecloeed tier plan in V. 63,
by Union Pacific, whtota holds nearly
.1 stock
and the greater part of the Income A and B bonds. V ..">. p KX2.
Caimtal HTOCK.— Authorized s.,7. 160,100, of winch new Union Pacific
oM acquired »97.45O,10
11.474.
Bonoa.—Of the $36,500,0(Mi new rtmt eon»oU, 822,026.000 are re•o retire at matunt\ the loans not disturbed
Series A, Incomes, non cumulative 5 per cent-, have reoeh ed Tn
nee, the full 5 per cent, at Guaranty
Sept., is>)7, 4 i>. c; sept, war
Trust Co., N. Y. or Old Colony Trust. Boston. V. 6 a, p. 492.
lines

Oross earnings
Net earnings over taxes
- (V. 72. p. 45, 184 V 74.
;

)

>

I

>

'

•

I

:

.

•

F
c
14

J

—

—

t

RAILWAY STOCKS AND BONDS.

1

[Vol. lxxyti.
Huiuts— Prtnol-

INTEREST OR DIVIDENDS.

RAILROADS.

Miles Date Size, or
Amount Rate per When Where Payable,
of
For explanation of column headings, Ac, see notes
Par
of
and by
Outstanding Cent.
on first page of tables.
Road. Bonds Value.
Payable
Whom.
1

<£ Syracuse- Stock, 9 p. o. guar., D. L. A W.
Consolidated mortgage (guar. D. L. & W.) F
Construction M., iruar. p. A 1. (for $1,000,000)..
Owensboro <k NashrilU—lHt mortgage, gold. <
Otark <t Cher. Cent.— lai M.. g., red. 107 1-j."^
Panama Stock
1st M.,$4,000,000,B.f.,g,red.atl05(text).<
Subsidy bonds., g., drawn at 100. SeeV. 64, p. 705.0*
Paterson a Hud. Kir.— 8tk.,8 p.e. rent. N. Y.L.i: A H'.
Palerson <& Ramapo Stock (rental guarantee)
Pemigewasset Valley RR.—Stock (rental guarantee)
Pennsylvania BR.—Stock, $400,000,000 Tr
General moil, bonds, $1,000 and *200eaoh..oAr

Oswego

.

—

.

—

cog a

t''

[

Currency registered bonds
r
Currency coupon bonds
c
Sterling bonds
c
Gold registered bonds
r
Gold ooupon bonds
c
Gold sink, fund, 1 p. c, not drawn.. o*
Sterling (s. f. In 1900) not drawn. o*Ar

Bonds (P. W. A B. stock as collateral)
r
Collateral trust loan, gold not d ra wn
o"
Gold bonds, redeemable, text, convertible. OF. c"
Sunb. Haz. A Wllk., 1st, Ser. A, drawn at 100...
,

2d mortgage, Income

oAr

Sun. & Lewis.. 1st M., $600,000. p.A 1., g.GuFo*
Westchester, 1st mortgage, assumed
West. Pa., consol. mort., gold, assumed. .PIP.o*
River Front, 1st mortgage, assumed
Equip. Tr. gold bonds (s. f. 5 p.o.) not drawn
o'
Penn. Rolling Stock Trust, $600,000 paid yearly
Penn Car Trust. $300,000 paid > early

x On coupon bonds

J.

&

J.:

35
35
35
88
144
48
48

$50
1876
1883
1881
1903

1897
L880

100
1,000
1,000

"l4
14

"ibo
857

1867
1875
1875

85-

857
857 1873-4
857 1879
857 1879
857 1893
857 1895
1881
1883
1902
43 1878
43 1878
56 1896
5 1879
138 1888
4'62 1882
1889
1898-9

1899
on registered bon ds A. AO.

50
$ or £
1,000
1,000

A 200
1,000
1,000
1,000

4200
1,000
1,000

Koiitlirantprii

RR.—To extend

<feo.

1,000
1.000
1,000
1,000
1,000
n Inol

Summit,

135

Okmulgee,

July,

4%

1903,4%

i

_.

M.
J.
J.
J.

M.

do

is

June

15,

Oct.,

do

1904 09

1905

A J. Phlla. offloe and London July 1, 1905
Philadelphia, Offloe.
Sept. 1, 1919
do
do
A 8.
Sept 1, 1919
A N. N. Y., Farm's L. A T. Co. May 1, 1943
A J. N.Y.,Far.L AT. & Lon July 1, 1945
A J. Phlla., Pa. Co. for Ins.Ac July 1, 1921
A D. Phlla.,Prov1d'tL.AT.Co. June 1, 1918
A N Ph. A Am. Ex BK ,N.Y. Nov. 1, 1918
A N. Phlla., Broad St. Stafn May 1, 1928
do
do
May 1, 1938
A N.
A J. N.Y.,Am.Ex.N.Bk.4Ph July 1, 1936
A 8 Phlla.. Broad 8t. 8tafn. Sept., 1919
do
do
A D.
June 1, 1928
May 1, 1912
A N. Phlla, Co.'s Offloe.
A 8. Phlla., Glrard Trust Co. Sept. 1. 1914

-M.

M.
5
6
1,350,000
500,000
4 g.
75,000
5
4 g.
4,000.000
212,000
41,
2.728,000
4 g.
3.000.0C
do
do
3»u g.
do
do
1,800.000
3^ g. J--F.
udlng *15=>. 900 bond I held a live in sink. fund.

Nov., 1904-09

—

RR.—

p.

o.

on stock, and

la

Pennsylvania Kit.— (See Map).— The system, as shown on the adjoining map, extends from New York City, westerly, via Philadelphia
to Pittsburg, Erie, Cleveland, Toledo, Chicago and Burlington on the
north, and to Washington, Oinoinnati, Louisville and St. Louts or. the
south. The total system on Jan. 1, 1903, aggregated 10,556 miles, of
whloh 3,661 miles represent the mileage operated dirertly under the
caption "the lines east of Pittsburg and Erie" and 2,983 miles the
mileage operated direotly under the caption "the lines west of Pittsburg and Erie," the latter being more fully described ander the title
Pennsylvania Company and Pittsburg Cincinnati Chicago A St. Louis.
The balance of the system Is operated Independently.
MS,
East ol Pittsbura
Erie.
Milfi. Other lines (Includ. D. k R. Canal,
Main Line and Branches—
681
66 m., and ferries. 8 m
Philadelphia to Columbia, Pn
81

&

)

Philadelphia, Pa., to New Boston,
Total In Penn. RR. itatistics.S.OOl
etc
210 Trackage
84
llarrisburtf. Pa., to PlttsburK, Pa. 248
Rbpuktbd -*bparatily—
296 Phil. Baltimore A Washington!... 7U
Branches and spurs
Nortbern Central Ry.^
460
Total main line and branches... 831
West Jer. A Seashore RR.T (Inol.
Lines operated by lease orcontraot
ferries. 2 m
Si
Har. Porn. Mt. Joy A Lan. KR.1
Cumberland Valley RR.1
168
DlllersvllletoHarrisb., Pa.,etc..
63 Lon* Islandl
896
142
Tyrone & Clearneld Ky
Bait. Cbes. * Atlantlo Ry
88
Western Pennsylvania KR.1
18a
Grand total east of P. A B
6.M8
United New Jersey RIM
14*>
Trenton to Jersey City, etc
West ol Pittsburg
Erie.
Philadelphia* Trenton RR.T
26
(1 See each Co.)
Mile*.
Allegheny Valley Ry.1
201
Reported I>i recti,
West. New York A PennT
648 PlttS. Cln. CbiOSffO .V St. L.mlsl... 1,645
Connecting Railway^
80 Pennsylvania (.'ompant, Hues!
1,338
l,lne> operated tinder contract
Total reported directly
'2,983
Bald Kaale Valley RiM
105
Cambria A Clearfield RR.T
Reported Separatelt129
BoutbweBl Pennsylvania Ry.T...
Qrand llanlils A Indiana linos!
688
nrg Va. A Charleston Ry.l
Terre Haute A Indianapolis^
6T3
Belrtdere Delaware liu.l
Philadelphia v Lons Uranch RR
40 Other lines (see Pa. ('".statement) 606
Total system Jan. 1, 1903.
10
Delaware River Hit. a Bridgel..
loToad
Philadelphia A Krle RIM
307
ouo.vNi/.A noN, Lkakks,
The charter of the Pennsylvania Railroad was dated April 13, 1846. The Pennsylvania Company controle
all the lines west of Pittsburg and Erie, the Pennsylvania RR. Co.
holding all its stock. In 1900-1 the Poun. RR. purchased a larire Interest in the stock of Baltimore A Ohio RR., Chesapeake
Ohio Ry.
*nd Norfolk A Western Ry. V. 70. p. 7ti, 231. fcH7; V 72. p, 481.
In 1900 acquired most or the stook and income
581; V. 76. p. 484
bonreof the Western N. Y. A Penn. Ry. V. 72, p. 4^1
The Baltimore Ohio, together with the vanderblll interests, in
1901 02 came lnt virtual control of the Reading Co. v". 76. p. LOS.
The Western New York A Pennsylvania Ry. and the Allegheny Valley Ry. were taken over under lease August
1,
1900, adding
about 829 miles to the system proper. V. 72, p. 491. In May, 1900,
purchased a majority Of the Ix>ng Island RK. stock. V. 72 p. 481.
On April 1, 1902, Schuylkill A- .Juniata was merged. V. 6. p. 4 84,
l

Pacific Ry.

&

s

Fayettevllle, Ark., to

Ac—

T.,

to

,

J.AD
:D.
J.

23 miles. Leased to Conoord A- Montreal for 6
operated by the Boston & Maine.

miles.

144 miles. Including stool bridge over Arkansas River
I. T.; extensions are under construction trom FayJasper, Ark., Okmulgee, I. T., to Oklahoma City,
O. T, and Muskogee. I T to Fort Finlt H, A rk
total to bo about 40nm.
Stook, $9,000,000, all owned by the Ht. oiiis & Han Kninoisco, which
oporaios Die mail as part of lis Central division.
be $9,000,000 new
40-year 5 per cent gold bonds wore Died lo take up :j<2 780,0«
old
bonds, balance reserved for extension Of main line and construction of
branches see v 78.n B65.919 President, H. W. Seaman, St. Louis.
Mo. (V. 76, p. 102, 965, 819, 1408.)
I'liminiH Hit.— Colon to Panama and I.a Boca, 50 miles, 5-foot
gauge. The Panama Canal Co., about to be purchased by the U. 8.
(ioverninont In April, 19( 3, owns a majority ($8,650,000) of capital
stock. V. 76. p. 3:tl. In Juno. lilO'J. made a now traffic agreement
for three years with the Psolilc Mall Steamship Co. V. 74, p 1252.
Dividends. J'85 '86-7 '88 'H!i 'HO ".M ".i2 '98 '84-00 '01 '02 1903
Since 84 p.ot. (10 nil.
23 9
5
5
2
2 NoneMar.2 4
4
In 1902. June, 2 p. c; Sept., 2 p. c; 1903, Apr., 2 p. c; Oct., 2 p. o.
Bonds.— The mortgage of 1H97 Is for $4,000,000; sinking fund
Is $150,000 yearly and bonds may bo drawn for s. f. at IO.~>; the entire
Issue may be Balled for payment on and after April 1, 1903, at 105.
V. 65, p. 51(1. Be* aiao description In V.C.b.p 1048.
The mtbniily bonds arc secured by an assignment and pledge
made by the U. S. of Colombia to the trustees Ol 8225,000 ncrually, of
tin annual subsidy or rental to that aa ten] payable to said government
by thecouipany, and are drawn and paid otr on November] yearlj with
any surplus of the subsidy not needed for Interest; $180,000 Donds
now In treasury. Bee statement as to subsidy bonds in V. 64, p. 705.
I

July, 1903,

do

do

&

ort Gibson,

ettevllle, Ark.,

Paterson, N. J.

J.
J.

A. Tre*s.off.,Concord, N.H. Aug.. 1903 3%
M.AN^v Philadelphia. (More.
lav 29, '03, 3
St-c X
Phlla. Otlioe A London. July 1, 1910
M./j Philadelphia, Offloe.
June 15, 1905
P.

Ramapo RR.—

1

Ozark * Chfrnhto Central Ry.— Owns

A
A
A
4
&

in V. 76, p 807, showed:
Surplus,
Net RR.
Net of
Gross RR.
/vr .31. Earnings. Earnings. Steamships. Charges. I net. Otner Int.
$644,6-15
$23,122 $830,409
1902
$295,384
$1,239,345
835,809
259.590
1901
1,365,171 739,909 loss 143,374
The charges above in 1902 Inolude: Subsidy payment $25,000; Interest on bonds, $172,002; redemption of oonds, $302,880, eto.— (V.
75, p. 550; V. 76, p. 332, 807; V. 77, p. 512 )
Paterson &. Hudson River.—Owns from Marlon. Jersey City,
N. J. (south of Bergen Junotion), to Paterson, N. J., 14 miles, double
track. Leased In perpetuity, at $48,400 per year lor road, $5,000 for
land in Jersey City and taxes, to Erie RR., forming part of main line.
Paterson \
Owns from Paterson, N. J., to New
York State Line, 14 miles, double track, part of main line of Erie RR.,
to which leased Sept., 1852, during legal exlstenoe, at $26,500.
Pecos Valley
Northeastern Ry,— Road. Owns from Pecos City, Texas, to Amarillo, Texas. 370 miles. In Deo., 1900, the
Atchison Topeka A Santa Fe acquired over 97 per oent of the $2,916,000 bonds (50-year gold 5s of 194 8) and 97 per oent of the common
and preferred stocks ($3,162,000 each), but the road will be operated
Independently for the present. V. 72, p. 88. 137: V. 73. p. 736.
Report.— Year li'01K)2: gross, $617,779; net, $187,137: other Inoome,
$2,367; int. on bonds. $145,800; surplus, $43,703.— (V. 73, p. 900.)
Pemlgewasset Valley
Plymouth, N. H., to Lincoln, N. H.,

Successor
June, 1899, to Otis Elevating Ry.. foreclosed. V. 69, p. HI Stock. $65,000. Bonds, $71,000 IstM. 40-yr. 5s, dated July 15, 1899, all outstanding. Year 190 02, gross, +9,515; net, $2,799; Int. and taxes, $3,955;
bal., def., $l,i 56.
Pres., Chas. L. Rickerson, N. Y — (V.69, p. 81.)
Owensboro A Nashville Ry.—Owns from Owensboro, Ky.,to
Adulrville, Ky., 84 miles; Mud River Branch. 4 miles. Operated by
Louisville A Nashville Railroad, which owns the $1,156,518 stook (par
$100) and $1,200,000 of the lirst mortgage bonds— all theBe bonds and
moot of the stock being pledged under its trust deeds.
N. Y.,

A.

M.
J.
J.

L.

do
do
do
do
N. Y., 120 Broadway.

Tear

RR.—

Jet. to Oils

A.

AW. RR,

Nov. 20, 1903
Mch. 1. 1907
May, 1923
Nov. 1. 1931
N. Y.,Chlc. &St. Louis. Apr. 1, 1943
N. Y., 24 State St.
Oct. 1,'03, 2%
O.
do
do
Oct. 1, 1917
N.
do
do
Nov. 1. 1910

A 8
A N
A N
A O

Annual Report.— The report for 1902

Oiiweeo
Syracuse
Owns from Oswego, N. Y., to Syracuse.
N. Y., 35 miles. Leased In 1869 during length of charter and renewal
thereof to the Delaware Lackawanna A Western Railroad Company for
9 per cent per year on $1,320,400 stock and interest on bonds.
Otis My. -Otis

M.
M.
M.

to

from Cottage Grove,

Ottawa Northern A Western Ry.— See Canadian

31* g.

F.-A..20 N. Y.,Del

a 1,000,000

1.000

100

Ore., to the Bohemia Mining District, 36 miles, of which Cottage
Grove to Rocky Point, 14 miles, completed In Jan., 1903. Branch from
Waldron to Robinson. <> miles, is also proposed. Stock authorized,
common, $?>00,000; preferred 7 per cent cum., +500,000; outstanding,
$400,000 of each; par of shares, $100. Bonds, see table above.
President, Geo. W. Crosby, Atlantic City, N. J.— (V. 75, p. 135.)

A

20 697 500

500 Ac.
100 Ac.
100 Ac.

^

&

-

50

Oregon RR. A Navigation stock, viz., $16,281,400 common and
•976,900 preferred, is owned and pledged as special security for
the Series Ji incomes, but dividends thereon are to go to the Short Line
company except as needed to pay to Series B their full interest. In
Oct., 1898, 3 per cent andiu Oct., 1899 to 1902, lnoluslve, 4 per cent
yearly was paid on the Series B Incomes. V. 65,_p. 572; V. 66, p. 1141.
The Union Pacific owns $6,674,000 of the $7,185,000 Income "A"
bonds and $14,688,000 of the $14,841,000 "B" bonds. V. 70, p. 176.
In 1900-1901 $78,108,000 Northern Pacific stock was purchased and
exchanged for $82,491,871 Northern Securities Co. stock and $8,900,007 cash (V. 75, p. 1196). All of the Northern Securities stook has
been deposited as collateral for an equal amount of "participating"
bonds (see below), the latter, together with the cash mentioned, being
given to the Union Paoiiio RR. for advances.
The "4 per cent and participating 25-jear gold bonds" of 1902
Equitable Trust Co. of New York, trustee), are limited to the amount
of collateral, viz., North'n 8eourlttes Co. stock, pledged with the trustee. In addition to the fixed Interest at the rate of 4 per cent (gold)
per annum, the holders are entitled on Feb. 1 of each year, beginning 1904, to any cash dividend paid during the preceding calendar
year upon the deposited collateral in excess of 4 per cent on the outstanding bonds. The entire issue or any part (when drawn by lot) is
subjeot to call at 102
Amount sold $41,000,000, the $41,491,000
additional bonds Issued being held by the Union Pacific. See also
Union Pacific RR, V. 75, p. 136. and abstract of mortgage. V. 75,
&243; V 76, p. 383. In Feb., 1903. the quarterly dividend paid on
orthern Securities stock was increased from 1 to I *e p. o. V. 76, p. 213.
Latkbt Earnings. -For 5 months ending Nov 30, 1902, gross*
$5,244,530; net, $3,0^1504; other income, $1,394,023; charges,
2, 573,417; balance, surplus. $1,842,110.
For 11 mos ending May
S 1, 1902 (1,438 average miles), gross earnings, $10,122,259; net,
$5,260,'<!14; other inoome, $3,284,304; fixed charges, $4,910,375; int.
on open accounts, etc, $993,454; bal., sur., $2,640,688.
Tear ended June 30—
1P99.
1901.
1900.
Gross earnings
$9,673,279 $8,578,398
$7,577,108
Net earnings over exp. and taxes 5,012,274
4,473,464
3,778,280
Financial Office, 120 Broadway, N. Y. City.— (V. 76. p. 919. 1356.)

""Oregon

9
$1,320,400
438,000
7
668,000
5
2,000.000
6 g.
3,030,000
5g
7,000.000 .
See text.
2,24 6,000
4^ g.
707,000
630,000
8
298,000
541,500
6
301.174,700 6 In 1902
6
19,997,820
1,961,000
6
2,757,000
6
22.762,020
6
3,498,000
1,500.000
2,825,000
4 g.
4,850.000
3>*g
7,702.000
4
9.900,000
4»*g.

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

When Due.
Stocks— Last
Dividend.

pal.

;

A

I

'I

&
>

'

The western Pennsylvania, and other roads connecting with the main
line were merged Apr. 1. 1903. V. 76, p 4.80, r>94.
SKCPRiTiKs Ownkd.— The total cost of these to January 1, 1903, was
.

'

f225,948,82r>,mati.vof which are pledged to secure Pennsylvania issues.
Revenue derived from these securities in 1902, $8,118,860.
Caiitai. stock. -Htock authorized, $400,000,000; the amount outstanding has been increased from time to time, chiefly by sale to
stockholders for new acquisitions. eto. See Gen. Finances below.
Divs. J '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93-99 '00 '01 '02 '03
p. o. 18*1
7
5
5 5>« 5
5 5>« 6
6 5 y'ly. 6 6 6 May, I
In 1893 paid also | per cent In sorlp.
Bohds.— Consolidated mort. of 1 873, s» e Supplement of October, 1901.
The 4 per tent loan of 1881 Is secured by Phlla. Wilm. A Bait, stook.

Oct., 1903.]

RAILWAY STOCKS AND BONDS.
I

125

.

KAILWAV STOCKS AND BONDS.

14:26
RAILROADS.

[VOJ* LXXVII.
Bonds— Princi-

INTEREST OR DIVIDENDS

ull
TA ,
Size, or
Miles Date Q1
pal, When Due.
For explanation of column headings, Ac, see notes of
Par outstanding Rate P** WheD Where Payable, and by Stocks— Last
of
ftiuZnrtL
on tlrst page of tables.
Rou<l Bonds Value.
Cent
Payable
Whom.
Dividend.
_

P+nnsylvitnia Jilt. -(Concluded) —
IN mi. Cur Trust, $'00,000 paid yearly
Penu Equipment Trust, *2OO,000 paid yearly
do
do
$400,000 paid jearly
do
do
$400,000 paid \ early
Penn. Steel Car Trust, $700,000 paid yearly..
d»
do
$300,000 paid yearly...
Del. Ave. Market 1st mortgage
r
Delaware Ave. Blondgood property
r
Penu. RR. real estate purch. money g. M.FP.o'41
Pennsylranui Company — Stock
Bonds, gold) see, by pl'ge A guar, by Pa. RR.o'Ar
Qu.tr.ctfs., $20,000,000, g.,gu. Pa. RK..ser A r)
do
do
ser. H.(iF. ..o" >
do

do

do
do

do

$1 .334.000 dr. y'rly,
Car trusts (June, 1903>

v

ser.
g.,

KK.UP
CaMBBI* A Cl KARK1

gu. Pa.

1900 $1,000
1900
1,000
1901
1,000
1902
1.000
19o2
1,000
1902
1,000
1889
5,000
1892
1,000
1893
1,000
50
1881
1,000
1897
1,000
1901
1,000
1902
1,000
1901
1,000

—
O

Pere JHanjuette— Common

stock, $16,000,000
Preferred, 4 per oent, non-cum., $12,000,000
Grand Rapids Newaygo A Lake 8h. 1st M.2d Dlv.
Chlo. & W est Mich. gen. M. ($12,000 p. m.) N B.o"
D.Or.R.A W., 1st cou.(uow 1st) M.,law.in.Ott.o*
.

47

202
342
342
342
20
20
10
480
380

BXD

,

I

d<>
Feb. 1, 1941
do
do
do
Deo. 1. 1942
N. Y. and Philadelphia. Nov. 1, 1916
Phlla., Ou.Tr. Co., etc. Various dates.
I

I

I

1902 see "General Finances." Mortgages and ground
rents payable June 1, 1903. $5,335,016.
Gknkk.w. Finances.— In 1901 the authorized capital stock was increased by $100,000,000 to $251,700,000; $50/00,s00 thereof being
subscribed for by stockholders at $60 per $50 share, rai-iug the
amt outstanding to 9202.200,800. V. 7 2, p. «92. 533, 627, 1238. 1280.
The stockholders voted on March 10, 1903. to authorize an increase in the stock from $251,700,000 to $400 000.000, to be made
from time to time in tiie d'scretion of the directors, 950.000,000 ot lie
t

Increase, if d< cmcd advisable, to be issued inconvertinle bonds. CM the
stock. $20,980,350 was issued April, 1903, in exchange for convertible
iSee below.) Stockholders subsctioed in 1903 to $75,091.750 new stock at $60 per $->0 share, nearly all of which was paid
for in full In Oct.. the remainder being three quarters paid in and
balance pavable June, 1904. V. 76. Ip. 383,488,594,706,1193; V.
77. p. 37, -70.

debentures.

3^

In 1902 were Issued $50,000,000 lO-year
gold bonds, dated
Nov. 1. 1902. of which $^9,302,500 were converted in April
1903. into stock at +70 per share, and balance are convertible at option of holder Into stock at $70 per share on May 1 1904, or any subseSuent interest day, on 30 days' notice; they may be called for redenipand interest on any Interest day beginning May 1, 1904,
on at lo.
but if called may be converted on basis above stated. See V. 74, p. 577.
In June, 1901, obtained control of the Pennsyl 'aula and Cambria
Steel cos. See "Industrial cos." and V. 72, p. 1280; V. 7a, p. 843,957.
In 1903 the company was proceeding to construct an under-ground
eleotrio tunnel railroad fTom New Jersey under the North River
to a central passenger station at 33d St. and 7th Ave., New Yoik Oity.
and thence under the East River to a connection with the Long Island
RR. in ong Island City. Completion of the work, estimated to cost
about $40,000,000, will take several years. The tunnel will afford entrance into New York City for the Pennsylvania Railroad and
Long Island RR. and permit the sending of through trains by rail direct
from the South and West to all points in New England via the bridge
from Mott Haven to Long Island, whioh is to be built by the New
York Connecting RR.; Bee V. "1. p. 913; V. 72, p. 1280; V. 73. p.
,

'..•

1

1264; V. 74, p. 38", 478, 831. 884. 1308; V. 75, p. 1203, 1302, 1355.
The loan of $40,000 000 at 4^ P c. due July. 1903, was paid from
the proceeds of the the new stook. V. 76, p. 811.
In June, 1903. allied interests purchased $6,924,200 of the $11,000,000 HocUng Valley Ry. common stock; see that Co. V. 77, p 1225.
As to extensions and improvements, see V. 76. p. 4o7, 488, 594.
Latkst Earnings.— Jan. 1 to Aug. 31, (8 months) directlu operated:
Lines east of Pitts- { 1903
Grose, $82,191,969; net, $25,210,5."
burg A Erie,
Gross, 73.298,3t 9; net, 25,120,05""
j 1902
Lines west of P. A E., inc. or der...GroBB + $4,481,100; uet,
$221,900
Annual Rkport.— Fiscal year ends Deo. 31. Annual meeting is held
Philadelphia on second Tuesday in March. The report for 1902 was
at
given at length in V. 76, p. 484, 539 Bee also editorial p. 511.
kki'okt op Pennsylvania kailkoad company.

—

;

1900.
3,650
$88,539,828
$30,440,622
5,781,297
245,188
390.732
73.92s
$36,931,; 66
$12,224,520
4,267.539
172,503
149,367
939, 901

566 779
136,400
1.197,227
*19,o54,236
$17,277,530
$103,341
l(>2,690

6.640,785
$7,046,816
$10,230,714
(6)8,781,171

Extra Betterment Fund
1.449,544
credit of profit and loss
Nunc
*
None
Bal.protlt and loss Dec. 31
$24,712,226 $24,310,176 $22,485,305
ARNINOH ON ALL LINKS BOTH KABT AND WEST OK PITTMHUKQ AND BBIB.
1902.
l'.ioi
Tear ending Dec. 31—
1900.
.

To

9219.M49.H65 8198.626,878 $175,236,353
67.629,593
64,913,492
64.738,077
J. CassaU; 1st V. P., John P. Green, 2d
V. P., Charles K. Pugh; 3d V. P.. S. M. Prevost; 4th V. P., Hainuel
smith
Rea; Secrefart. l/ewiH Nellson; 'I'reKs., Kobert
N V. headquarters, 85 Cedar St.— (V. 76, p. 1108; V. 77, p. 37, 117,628,770, 824.)

Gross earnings
Net earnings

OmOMa

Philadelphia.

R Y.

3»«s of

Tear ending Dec. 31—
1902.
1901.
Miles operated
3,706
3,739
Gross earnings
$112,663,330 $101,329,795
$.t7,612.259
Net earnings
$36,070,252
Int on Pa RR. investments. .. 8,118,861
7,-81.720
Int on United N. J. securities
253.543
255.170
Int. for useof equipment.
394,700
444,489
Miscellaneous
272.773
103,535
G ross income
$46,652,136 $44,6..5.166
*11, 605,948
Deduct— Rentals
$14,643,144
Interest on funded debt
5,095,883
4,254,585
Interest on stook allotment.
Int. on niorts. A gr'd rents..
172,319
162,637
Car trust payments
2,050,4*0
1,503.173
Interest, general account...
74,168
200,678
Equip .trn.it loan sink. fund.
136,400
136,400
1.6^6.97 4
Btate taxes and mlBoellan..
1.560,219
Total
$20,802,172 923,460,886
Balance
$25,849,961 082,194,830
Payments— To trust fund
$129,428
9109,678
402 KM)
Consol. mortgage redeemed
402
lo P24.S98
Extraordinary expenses
12.505 000
918,086,528 $11,336,658
Balance to credit of income... $12,813,1: « $10,H57,672
Dividends
(6)12,262,491(6)10,857,672

President, A.

W

do
do
do
do

Philadelphia.
Sept. 1, 1912
N. Y.. Farmers' L. A Tr. Mav I. 1923
Pittsburg, Co.'s Orhce. Deo.30. 02.3%
N. Y., Nat'l Citv Bank. July 1, 1921
N.Y.,Union Tr. * Phila. Sept. 1. 1937

N. Y. ,Ch.R. I. A Pao. RR. Aug., 1903. 4%
N. Y., J.P. Morgan A Co. Apr. 1, 1940
Apr. 1, 1938
do
do
do
Apr. 1, 1940
do
4 p.o. paid Apr. 1, 190: Apr. 1, 1990
N. Y., Central Trust Co. Feb. 1, 1921

100
1879 100 Ac.
1888 500 Ao.
1890
1,000
1890
1,000
1881
1,000
1885
1,000
100
100
1875 500 Ac
1881
1.000
1897 500A0.

Peuanrlvaula Kit, Co.—Concluded.
For gold

do
do
do
do

I

Pennsylvania dt North Western— See
Peoria <t Bureau Fed.— Btk., 8 p. c. rent'l V. R.I.A-P
Peoria d Eastern— InA. Bloom. A W. 1st M.,pf.< cc.t
Ohio Indiana A West, 1st M. ,pref.,g., Int. gu .«><•
P. A E. consol. M., $10,000,000, Int. guar.Ce.o*
2d consol. ttiort.. Income, non-cumulativeCe
o
Peorui <t Pekm Union 1st mortgage, gold
Ceo
2d mortgage, gold
o

1904-10
1903-10
June, 1904-11
Mch., 190412
July, 1904-12
Oct., 1904-12
Mch. 1, 1909

Ph(la.,C,irard Trust Co. Feb.,
Couiin'l Trust Co., Phil. Dec,

do

Feb

do

1.

1991

N Y.R.Wlnthrop&Bos. Aug.17,'03 1%
do
do
Aug.15,'03,2%
N. Y., Un. Tr. A Boston. June 1, 1905
,

do
do
2d Nat. Bank, Boston.

Deo.
Apr.

1,
1,

1921

1946

Directors— Alexander M. Vox. N. Parker Sbortrldge, William L. K'kins. Alexander J. CasMtt, Clement
Orltoom. Amoa it. Little, Win mm u. Burnes. Geo.
W
c. Stuart Patters .n, Kmngnam 11. Morns, Thomas DeVVitt 1'urler, J as.
MrCrcii. Lincoln Godfrey, John P. Greeu, Charles K. Pugh. Sutherland M. Prevost, Samuel Ilea.

A

l

'

Pennsylvania Company.— (See Map Pennsylvania RR.)—Owns
no road In fee but has charge of ail
Railroad Co. west of Pittsburg, viz.:
Leased by transfer from Pa. RR.:
Milet.

Plttsb.

FU W. & Chicago.. 1I469-89

Youngs. AAshta.... 1112509
Toledo Wal. Val. A Ohio. 1] 23441
Lndianap. & Vinoen. RR.*1J13311
Pitts.

. :

Controlled by stock or otherwise:

Cleveland & Marietta
Pitts. Ohio Val. A Cin
Rooh. Beaver Falls &
Marginal RR.,Beav.F..Pa.
RollingMlHRR.,Toledo,0.
South Chlo. A Southern...

W

.

U10313

15-27
-55

.

Branohes W.N.Y.&Pa.Ry.

Controlled by ttock,
Pitts. Cin. Chic.

A

etc.:

Miles.

L.U 1,35639
11148-45
28-15
45 71
Indiana.. 430 21
St.

& Muskingum Val...
H 14-98 Waynesburg A Washing..
1223 Cin. Leb. & Nor

New Castle A Beaver Val.
Masslllon A Cleveland
Erie A Pittsburg
H84-47
Cleveland A Pittsburg.... 1201-74
Leased directly by Pa. Co.:
.

the system of the Pennsylvania
(II See this company).

296
71

2131
5142

Cln.

Grand Rapids &

Musk Or. Rap. A. i n d.. 40 68
Traverse City RR
26 00
Cin. Rich. & Fort Wayne 118560
St. L. Vand. A Terre H. .. 1115830
East St. L. ACarondelet.. 1)1325
Logansport A Toledo Rv..
93 03
Terre Haute Alogausport 159 36
Terre Haute & Ind'lls RR 123 22
Terre Haute A Peoria RR. 14512
Cleve.Akron A: Columbus. 19697
Wheeliug Terminal Ry....
965
-73
Newport A Ciuoin. Bdge..
2-45
Louisville Bridge
,

Controlled jointly:

A Yough.. IT 18 -32
Western
H230-70

Pitts. Chartlers

Total Penn. Co. lines... 1,471*27

Tol. Peoria

A

16159
Trackage
Ry.
Total of all lines
4,9*5 15
Organization—Chartered In Pennsylvania April 7, 1870. Its stook
is owned by the Pennsylvania Railroad.
On Deo. 31, 1902. the Penn
sylvanla Co. owned sundry bonds having a par value of *1 1,937,502.
and stocks of par value of $145,572,162. valued at $99,892,165, and
yielding from Jan. 1 to Deo. 31, 1902, an income of $5,413,983.
Stock.— Stock, $40,000,000 as Increased Deo. 5, 1901. from $21,000,000 in return for stocks of controlled oos. See V. 74,p. 41, 95.
'93
'94
'95 to 1900
Divs. t'83 '84 to '91 '92
1901
1902
Deo. 3 Deo. 3
4 Mar. 4 June 4
none
p. o. i 4
Bonds.—The gold bonds of 1921 are secured by leases of P. Fort W.
A C, the Cleve. A Plttsb. and Erie A Plttsb. railroads, and of bonds and
stocks having a par value In 1881 of $24,171,630, as well as real estate.
The guaranteed trust certificates, "A," "B" and "C" were Issued by
Glrard Trust Co., Philadelphia, as trustee, under a deed of trust made
by the Pennsylvania Company and the Pennsylvania RR. Co., whereby
the Pennsylvania Company has pledged an equal amount at par of the
7 p o. guaranteed special stock of the Pittsburg Ft. Wayne .v Chicago

*

Operated by P. O. C.

A

St. L.

Railway Co. The total authorized Issue of the trust certificates is
$20,000,000, each aeries to be aeoured by deposit of shares of the
speolal guaranteed stock to an amount equal to the par value of the
series, the sinking fund having retired $202,000 to Jan 1, 1903. See
V. 86, p. 368, 572, 1116; V. 67, p. 122; V. 72, p. 339. 490.
The $20,000,000 gold 3> p c trust oerts. of 1901 were issued to
pay for acquisition of stocks of the Pennsylvania* ( Jam bria Steel companies. They are guaranteed, prinolpal and Interest, by Penna. RR.,
and secured by deposit of $15,000,000 Pitts. Clncln Chicago A su
Louis preferred, $5,000 000 Norfolk A Western preferred and $.\0O0,Ohio preferred stocks, and are subject to oall for redemp000 Bait
tion Nov. 1 annually by lot ai par In 15 equal drawings. V.73 p. 843,957.
RKPORT.— Report for year 1902 waa in V. 76, p. 650, showing gross
on 1,519 miles, $33,025. 61S; uet. $9,717,219; other income, *.".,! 13,983; Interest, rentals, etc, $9,347,217; transferred to extraordinary
expend fund, $2,000,0 0. sink, fund, $1,627,960: dividend (3 p. c), $1,200,000; baL, sor., 9956,025. In 1901, gross, $29,054,544; n.
742.506; other Income, +3,505,366. In year 1902, profit. $;">, 783,985;
(V. 75, p. 794; V. 76. p 66'».)
In 1901, proiit. $3,681,260.
PciiiiMvl viiiilia A North Wowlorii Hit.— Merged in July, 1903,
a Clearfield By. (V. 77, p. 37.)
in Cambria
Piorla A Itiireau Valley Hit.— Peoria to Bureau June, 111..
47 miles. leased In 1854 to Chicago Rock Island A Pacific RR. for
Is, usually 8 p o. yearly, occasionally more.
$125,000 yearly; dlvid
Peoria A IJiNit-ru Ity.— fBtt ""/' Olev. Cin. Chic. 4 St. Louxt.)—
Owns from Pekiii, 11., to Indianapolis, Ind., 202 miles, and has a lien
of $5,000,000 on Springfield Division, Indianapolis to Springfield,
Ohio, 141 miles; trackage, IVktn ui Peoria, 9; total operated. 352 miles.
iic._ Formerly Ohio Indiana A Western, sold In foreclosure
I.i \s)
l,eaw.»d till Apr. 1, 1940, to
la 1890, reorganised per V. 49, p. 616.
Cleveland Cincinnati Oh. A Ht. I,., which guarantees Interest, but
not principal, of the first consols and the mulct 1\ lug ootids, and owns
one half the $10.0OO,oo0 stock, par $100. See si iti.kmknt of Jan.,
1894. as to provisions respecting any surplus over charges. Company
owns $125,00i» sto k of the Pc o. iV Peklu Union Ry., on which 6 p. o.
yearly
paid 1895 1902. V. 74. p. 152.
Bonus.—See abstract* of mortgages of 1890 Id V. 51, p. 246 and
of O. lud. A Western mortgage. V. 47, p. 201.
Ini omks. — Dividend on Incomes 4 p o. paid April 1, 1902. from earnings of calendar year 1901; Apr. 1,1903, 4 p.o.
V. 76, p 4so. in
April, 1903, semi-annual payments were proposed. V. 76, p. 811, 1031.

&

1

...

w

Oct., L903.]

RAILWAY STOCKS AND
B<

>NDS.
I

127

—

RAILWAY STOCKS AND BONDS.

1428

[Vol. l xxvn.
Bona*- Princi-

INTEREST OR DIVIDENDS.

RAILROADS.

Miles Date Size, or
of
Par
of
For explanation of column headings, Ac, see notes
nn» a t.nHi n ^ Rat« PM When Where Payable, and by
^uwranoing cent Payable
Road. Bonds Value.
on first page of tables.
Whom.

Pere

!TIarqueite-(Oo»ic/i(rf«</.)
Pert- Marq. M. ($1,000,000 are 41s) golcL.e
Consol. mortgage, g.Oe
c"
Pt. H. Dlv. 1st M. ($3,500,000), g., Ce
c"
Toledo Division, 1st inort.. gold, IB
B*
Ch.A N. Ml. 1st M.gu.p.&l.end by Ch. * W.M.OB. >'
Gr Rap Ki.1. & B, E., 1st mort., sinking fund. I II

Flint*

280
400
235
19

1880
1889
1889
1897

89
33

1897

1891

Mtern Equipment Co call at par
Marquette equlpt 1st M., guar s. f.

1900

B

l'J03

\\

,

call at par
Mt.Miilp.lBl M.,g,gu. p A i., call par text..»*i.c*
Pere Maiquette consol. M., *.r)0,oo0,ooo P oda
Lake Brie A Detroit River Dlv., 1st M., g
,.
Pere Marquette coll. tr. M., g., call par
Pert- Marq. Traiisportat'n Co., gold, p. A L guar.
Saginaw Tub. A Huron, 1st M., p. A l. guar. Co
.

Mo

.

1901

202

19<»2

66

1908
1897
1900
1899
1903

28
Or. Hap Beld. A Sag.. 1st M.. gold, Inrat rental.
P< re Marq of lnd guar. p. a .call atlo5.Hao* Text.
Marq. A B. D. A N., go p. A I. call 10">.s f.. I
i

,

A Nlag. RR. A

Tcr.. en. p..tl. (V.76,p.l031)
Per/cwmeii— lstM.,ser.I (lBtl'n)g.,gu.p..v l.»'t I* 0"
1st M., ser. 2 c2d l'n) a., go. p. A i. (end.) PeP.e"
Plterbornut/h &B.— Stock (rental 4 percent)

Butt.

RK.— Sec An

Petertburg

-r

$1,000
1,000
1,000
1.000
l.OOO
1.000
1.000
1,000
1.O00
lOOOAo.

383
383

1,000
i'.obo

l.ooo
l.OOO
1.000
l.OoO

1!'03

1903
1888 100 Ac.
1888
1,000
100

Link RR.

FkU.dtBalt. Cent— lBtM.68,600,000.81. 200,000 4*bb
Phxla. BaiHmort <£ Wash.— Stock aiith $25, 350,400
Phil. W. A Bal. plain bas., s.f. $20,000 yrly, not dr.r
r
Plain bonds
r
Plain bonds

Plain bonds, gold
Plain bonds. gold

r

r
Bait.
Potomac. 1st M.(tun.)g.,s.t.,notdr*n x.o*
1st M., road, guar., gold, s. ML, not drawn... xo'

A

Consolidated mort., $10,000,000, gold. SBa o*
Phila.d Ches. V.- 1 st M., pf. .old 5s, red. '96, g. PePo*
1st in., old 4s, not pf.. int. rcduc' In '96, g.PePo*

1881

1,000

1880
1887
1887

73

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

50

....

l»s

92
93

1891
1892
1871
1871
1889
1888
1888

500
500

Gross, $4S1, 837; net, $104,467
1903
Gross, 435,483; net. 108,843
July 1 to Aug. 31.
5 1902
Sur. over 2 mos. charges, $37,091 In 1903. agst. $41,467 In 1902
Annual Report.— For 1902-03 see lessee's report V. 77, p. 296, 520"Interest.
Balanct.
Net.
Tear end. June 30. Oro$s.
1902-3
$2,047237
$641,367
$564,^60
$77,107
1901-2
654,113
2,518,751
564,260
89,853
* Includes $ 160,000 (4 p. o.) int. on luoomes.
1031; V. 77, p. 296, 824.)
-(V. 75, p. 439; V. 76, p. 480, 811,

Earnino8.-2 months,

)

Peoria A Pekln Terminal Ry.—See Street Railway Sotp't.
Peoria A Pekln Union Ry.— Owns Pekln to Peoria, on both

sides of Illinois River, and yards at and opposite Peoria. Mileage main
track, 1814; second main track, 880; total main track, 26*94 miles
Mileage of side and yard tracks, 53-71. Capital stock, $1,1 00,000.
Owned by Peoria A Eastern (Cleveland Cln. Chlo. A St Louis system)
Northwestern, Chic. Peoria A St. Louis, Illinois Central
Chicago

A

system, Lake Erie A Western and Toledo Peoria & Western oompanles.
Dividends 1895-1902, 6 p o. per annum. Earnings for year 1901-02,
gross, $809,8i7; net over taxes, $22u,847
charges, $157,155; lm
provementa. $32,951; dividends, $60,000; balance, def., $23,259.—
;

(V. 70, p. 584,; V. 74, p. 152.)

Peoria
V. 76,

p.

A

Spring.

Ry.— See Sup.

of July, 1902, and V. 75, p. 290;

1085.

Pere Marquette

Crosse, lnd. to Bay View,
Mich.
Detroit to G'nd Rapids, Mich.

La

Port Huron to Howard City..
Pt. Humn toOrtudstoneCity.
Grand Rapids to Big Ledge..
Allegan to Pent water
Walkerv.,Ont., lo St. Thomas
Sauna, opposite Port Huron,

Miles.

Other lines, branches, etc
Trackage, etc

Trackage

380
152
172
Ill
94
102
128

falo. N.

St.

Y

Thomas

249
276

to Buf-

Leased iG. R. Kal. & 8. E.)_
Rapid City to Stratford....
8aglnaw TusoolaA Huron—
(See this company.)
Saginaw to Baa Axe.
London A Port Stanley

Erie see •Bond-" below. V. 76, p. 1*0. 594, 706, 922, 1 084.
On Mar. 9, l!»0:i, the i'cre Mai quel te Kit. of Did. was Incorporated to
build 16 mile- from New BuIIuIo to Hammond, 1ml.. o(j miles from
t construction in July, 1903, V. 7 6, p, 888, 694, 768.
Chicago, ii
p. c.

outstanding common $11,1 L5.500, preferred as In table!
Diviki-.ni>. — On ptef., 1901 to 1908, both lnol 4 p c. yearly (F aa
f
)
First dlv. o" common, p. c, paid Aug 1908. V 77, p. 89.
Bowdb The oonBoL 4e of 1901 (total lesue 650,000,000) are limited
to 620,000 per mile of compi. ted single track line. Including underly
ing bonds, or 636,000 per mile doable-track, of the bonds, $2(
re reserved to retire Die same amount of old bonds.
V. 72, ii.
675. Of the Marquette Bqulpmenl bonds
lentli will !„, rotlied
yearly by the sinking fund at par. ami the entire issue may be called at
thai price On 60 d>\s' notice
V. 78. p llsl
The collateral trust gold bond- of 1!>"2 (limited
000) are
secured b\ the entire capital Btoel (8L,4O0,<»O0) of the Lake Brie aDelrolt River By., be National Tru-l Co limited, ol Toronto, being
trustee and are subject o call on anv Uteres! day on 60 da\ »' notice.
Thc\ bear Internet at 8 per cent to Dec. l, 1905, and thereafter i per
cent to maturity. V. 76. p. I8O81 v 76. p. 8 if
Lake Erie & Detroit River Division mort., V. 76, p. 1350; V. 77, p. 89.
•

I

.

I

I

M.

A
A

A.

A.
A.

M.
.

F.
J.
J.

A

R.Wlnthrop A Co. Oct.
do
do
May
do
do
Apr.
J. Intern'l Tr.Co., Boston. July
N. Bos., Nat. Webster Bk. May
O. N.Y.,

1.

N.

1,

O.

1,
1.

O. Int'l Trust Co_ Boston.
Boston,
O.
O.
do
S. N. Y.. R. Winthrop&Co.

&
J.
A A.
& D

F.

M.
M.
A.

A

A
A

000 4*a A5
600 See text
000
5
000
4
0O0
4
930 000
J*
1,000 000
4 g.
1,500 000
6 g.
3,000 ooo
6g.
3,000 000
5 g.
280, 510
4 g.
100 ooo
3

do
N. Y., Moron Trust To
St. L.L'nion Trust Co.
J.
do
do
A. N. Y., Cont'l Trust Co

A 8.
A N.
A O

I

I

fir.

A
A
A
A
A
A
A
A

do

N.

Int'l Trust <o. Boston.
N. V., East's Trust i'o,
Ea»fn Tru6t Co.

N. Y.,

1,

Apr.

1.

Oct.

1,

Mar.
Jan.

2.

Aug.

1.

1,

Jan. 1,
$20,000 y'rly
Aug. 1. 1931
Mch. 1, 1924

May

1,

Apr.

1,

1943
1933

Reading Ter.Bld. Jan. 1, 1918
do
do
Jan. 1, 1918
Oct., 1903, 2%
Nashua, N. H.

Phila.

Phlla..

Penn. RR. Co

Nov. 1

.

1911

J. Phlla., Broa<l St, Stat'n J'ue30,' 03.2%
D. Phil.Of.;Bost.,Kld.Peab June l 1910
O.
do
do
Apr. 1 1917
N. Phlla., Broad St Stat'n Nov. 1 1922
do
do
J.
Jan. 1 1926
do
O.
do
Oct 1 1932
,

,

,

,

,

J. Bait. Office

and London. July

do

1
Apr. 1

do

Bait. Office, Calvert St.

Philadelphia.

A

1,

Oct.

1920
1939
1939
1937
1931
1907
1909
1"10
1908
1951
1932
1923

O.

do

July 1
Apr. 1

Apr

do

1

,

,

,

,

.

1911
1911
1929
1938
1938

The Pere Marquette RR,

of IndiaDa 1st 4s of 1903 (autho ized Issue,
$3,000.00>>, Eastern Trust Co. of N. Y trustee.) will cover the r ad to
be built from New Buffalo, Mich., to Hammond, near Chicago, 46
miles, and be issuable at $2*>.0
per mile for single and $10,000 additional for double track, *500,0<>0 neing reserved for Chica.o tetminThe first issue ($575.0 0> will be for 23 miies from New Buffalo
als.
to Porter, lnd. V. 78, p. 919, 1193. See form of guaranty, p 1356.
,

The Marquette A Bessemer Dock A Navigation bonds (Eastern Trust
Co of N. Y., trustee.) are guaranteed jointly, principal and interest,
by the Pere Marquette and Bessemer & Lake Erie. They arc -u l>)eot
to call In whole or psrt at D)5, and 1 p. c. must he called yearly for
the sinking tun
at the same price if not purchasable at a lower
figure. V 76. p 706,922
Form of guaranty, p. 135H
The Buffalo A; Niagara RR. & Term. Co. mortgage for $1,000,000 will
be secured by Buffalo terminals and 45 miles of road. V. 6, p. 1031.
The Eastern Equipment 5s of 1903 are in two series A for $1,5<K),000 and B for $2,0 0,000; the entire Issue may be called on 6 months'
notice and *75,000 of the As and $100,000 of the Bs are redeemable
I

I yearly.
V. 76, p. 866. Form of guaranty V. 77. p. 90.
Genehal Finances.— See letter of President in July, 1903.

Mar.

V. 77,

p. 89.

Latest Earni'gs.— 8 mos.,
Jan. 1 to Aug. 31.

)

1903 Gross, $7,402,103; net, $2,1 9^,532

6.771.961; net, 1,663,216
$ 1902.Oross.
Surplus over charges. $1,008,826 in 1903, against $608,006 in 1902.
Is included in both years.
REi'OBT.— Report for 1902 at length was In V. 76, p. 1034.
Tear ending Dec. 31—
1902.
1901.
1900.
Gross earnings
$9,955 375 $9,201,175 $8,298,112
Operating expenses and taxes
7,510.534
7,110.212
6,330,593

Net earnings

$2,444,841

net land receipts

$2,090,963
50.519

$1,965,519

Total net Income
$2,444,841 $2,141.4R2 8'.965.M9
1,451 705
l.S'-e.SSg
1.319.331
Dividend on pref. stock
(4)420,000
(4) 420,4)6 (4) 42o,446
Equip, sink fund payments
159 241
152,500
Transferred to lmprovem't fund..
200,000

Deduct— Interest

66
24

,

1

J.

2.200
20.488
1,000
1,000
1,000

Add

i

pref.;

A.

33

I

STorK.— Authorized 616,000.000 common and $12,000,000 4

M.

%3:
5* A. A O.

112

to Rondeau
78
Total
2,245
Also owns car ferries Milwaukee to Muskegon, and Ludlngton and
Manistee to Milwaukee, etc, and four steamers valued at $443,564. In
Feb., 1903, three additional car ferry steamers were ordered, to cost
100, and also a vessel, to cost $240,000, to ply on Lake Erie
between Koiidege and Conneaut. V. 76, p. 383.
Organization.— Incorporated Nov. 1, 1899, as a consolidation of
Chicago a Went Mlohlgan Ry., Detroit Grand Rapids A Western RR.
and Flint A Pere Marquette RR.. per plan in V. 68, p. 1024. 1181. The
Lake Erie A Detroit River Ry., 230 miles miles, inoludlnjr leased line
24 miles, was taken over Jan. 1, 1903. In 1903 the Grand Rapids
Kalkaska A Southeastern, 40 miles, formerly leased, was purchased
V. 77. p. 951
In Dec, 1902, a syndicate consisting of Thos. H. West and John F.
o., F. ii. Prince, o. H Norman
Bheplejr Of the 8t Uiuls-Unlon Trust
Newman Erb, Nathaniel Thayer, T F. Ryan, Mark T. Cox and others,'
a< -quired $9,271.700 of the $ 4,145.500 common stock, which together
Willi $ 300,000 additional slock (about equally divided between common and preferred stock) have been placed In a 5- year voting trust,
thus ensuring control.
The purchase of the Lake Erie & Detroit
River By. ami an agreement for trackage with Hie Canada Southern
from Ht. Thomas to Buffalo, 112 miles, extends the Hue easterly to
Buffalo. V. 75. p. 981. 1208. 1254,1802,
On Mar. 6, 1908, the Pere Marquette international Bridge Co. was
organized to build a bridge aoroea the >etrol< River Dear urosse Isle,
about vOmllet below Detroit The Marquette A Bessemer Dock &'
Navigation 00 Including docks ai ('oimeaiit and Fort Dover, on Lake
Bile,1b controlled by the Pere Marque te and the Bessemer & Lake

non-cum.

8*

A
A
A
A
A

A.

The Lake Erie A Detroit

RR.— (See Map.)— System Includes:

Miles.
Ltnes otf tied in fee.
Alexis (near Toledo) to Ludington on Lake Michigan.. 268

$5,000,000 4 g.A6 g.
2.H50.0O0
5 g.
3,500.000
5 g.
400.000
1,667,000
145,000
5 g.
80.000
6
694.000
5
3,500.000
5 g.
5,575,000
4 g.
S.ooo.ooO
4»2 g.
2,870,00c' 3 to 4 g
6 g.
1,000.000
260,000
575.000
4 g.
400.0O0
4»s g.
N'ne Oct. '03
799,600
1,125,000
385,000

When Due.
Stock*— Last
Dividend.

pal,

Balance, surplus

$213,476

$212,147

$226,189

F. H. Prlnoe: Vice-Presidents, Mark T Cox
York; Vloe-Pres. and weu. Mgr M vron .1. Oarpen
ter; Sec. and Treas., Charles Merrlam; Auditor. J. E.Howard; Directors, May, 1903, V. 76, p. 48, 1031.— (V. 77, p. 37. 89, 148, 770. 951.)
Perklomeu
Owns from Perkloinen Junction, Pa., to Emaoe
Junction, Pa., 38-3 miles.
Stock, $1,500,000 par value of shares,
$50); owned by the Reading Co. and mostly deposited under Its Jersey central collateral 4 per oent mortgage of 1901. V. 72, p. 28-1. Reorganized in 1887. In year 1901-02. gross, $397,057; net. $191,473;
Interest and taxes, $102,830 — (V. 71, p. 1013; V. 72, p 283.)
Peterborough RR.— Wilton to Greenfield, N. H., 10>* mllea.
Leased April 1, 1893, to Boston A Lowell for 93 years at 4 p. o. on
stock andexpenses. Capital stook $385,000; par. $100; div., A. O.
Philadelphia A Baltimore Central RR.— West Pima, to
Octoraro Jo., Md., 63 miles; Wawa to West Chester. I'a., 9 tu. (double
track, 13 m.); branch. 2 m.; leased, Chester Creek RK, 7 m
Phlla.
Baltimore A Washington holds $2,497,150 of the 62,499,189 stock;
For 1901-02 gross earnings, $968,718; net. lnol otherlncom* $1"d 736,
charges, $173,578; bal.. sur.. $26,158
Fiscal year now and* Dec 31.
Philadelphia Baltimore Ac \\ anliln^loii 6161 f6Bl Hap
Penn. KK.j — Operates from Philadelphia to Washington, D OL, and from
Wilmington, Del., to Delmar, Del., with branches as follows:
Lines owned—
Miles.
I, net controlled, leased ele.—
Philadelphia to Bowie, Md..vla
"hlladelphla* Bait. Central^. 80
Baltimore (all double track! .119 Delaware KK.11
258
Bowie to Pope's Cieek, Md ... 48 Delaware Md. & Va.fl
98
branches to Delaware City, etc. 42 other lines (5)
58

Officers.- President.

Newman

Erb,

New

,

RK.—

;

i

Total (1T see this company)
704
Organization.— A consolidation WoT, 1, 1902, of the Philadelphia
WllmtagtOn & Baltimore RB. and Baltimore * Potomac RR V. 75,
As to proposi'd new terminals at Washington, 1). C., see
p. 395, 1082
V. 76. p. 594, 812.
-.•Ii authorized. 985,860,4601
outstanding Mav 29. 1903,
620, < 88.6O0, mostly owned hj Pnnn BR,; of the balano-, 6 »,00 J.000
Is reserved for eicliange of Bait. A
Pot OOnsolf ami 65.955 for tho
stocks of the old companies not \ et e\ chanted; par of shares, $50.

Divii.i-mis

'-*

'89 '90 '91 '92 '93 ".)4 '95 '96 to '02.
Hlnoe.
below.
7% 7 6 6 7 7>a 7 6ia
7
L0O8, Jan.. 1 p. c; July 3 p. c. First dividend (semiannual)
since consolidation. 9 p. c. paid Dec. 81, L908; 1908, June ;i(». 2 p. c.
Bonds.— The bonds Issued by the Phil. Wilm. .t Bait, are all to he
secured by any future mortgage; see page 4 MUP. Of April, 1895.
Montages and ground rents 1S103, *1 s.Y7t;:,.
Karninos— 10 mos., ) 1908-S
Cross, $11,070,278; net, $3,044,119
Nov. 1 to Aug. 31. {19012
(iross,
9,999,878; net, 3,174,019
.

s

(P.W.AB.)!
In

.

RAILWAY STOCKS AND BONDS.

Oct., L903.]

RAILROADS.

et Erie—Common stock :$10,000,000 author.)
Special stock, 7 per cent
Gen. M. (now 1st) gold, guar, p. A 1. by Pa. RR..C
do
r
do
($.5/203,000 are 5s)
Phtla. & Frunkford— 1*1 M., $500,000, ra.tinP.o'
Phxla. Germ. 4 Norrist'n— Htock rental., P. A B
PKUa. Harrisburg 4 Pittsburg— 1*1 mort., gold.o'Ar

PKUa.

so
50

06

1

305

ls

t

,:i

1892
"30

|

BO

1890

47
22

0*
Nev>Cn<tN.Y.— 1st M.,gold (see text)
Philadelphia A Hradina Hy. Bl I IU.ADINQ
OM FA
27
Phxla. <t Trenton— Block 10 p. o. rental, Penn KR.
Piedmont dt Cumberland Htock, 5 per Milt rental.
29
o"
1st mortgage, gold, interest rental lfln
75
Pine Oreek— 1st M., guar, prln. and Interest (end.)r
Piquad JVoy-lst M
8
gu. p. A
Pittsburg Bessemer <t L. W, Com.,8 p 0. rental
Pref. stock, 6 per cent cum., guar, by rental
1st mort., gold «<..('
134
Pittsb. Hhcii. .\
151
OonaoL Lai mort., for •4,800,000, ROld.4 e
193
Pitts. B. A L.K., consol. M
910,000.000, g Ua.0*
Debentures, gold, $2
See text I PI
Bessemer c<i trust, §76,000, g., en. July 1 I IM
Conneallt equip, trust, pint due ye;irl> g FPI

Phil.

l.OOO
ilooo
1,000

-;:i

l

1,000
l.OOO

392

.

i

U

Bee text.
050,000

l.OOO

4
3
6

g.

5
5
5
5

gg.

10,

1.0(H)

l.OOO
l.OOO

6342,000
2,00

1900
1901

800,000
725.OO0

l.OOO
l.OOO

399

l.ooo

100
100

208
i

1865
1883

>

l>

A

;.

g.

8-

I,

1911

^

BT.

1939

'

'

I

do

do

'08,8%

.V

I).

A
A
A
A
A

0. N. Y. Central Tr

net.

do

July

J.
J.
J.
J.

24%

I

J.
J.

.

U.

H.

do
Tn.

I'u.

J.

I'ii.

.v

N.

A

O.

Union Tr.
do
do

:

1
1

'.'47

Ml
Ml

'13
•90

.

Tru-t Co.. Plttsb'g.
Trust o., P
J'lv

D.

1,

1

8

5

gf.

M.

Co., Plttsb'g

Apr

1,

do
do

Mav

1.

Apr.
Jim. 15
Apr. I.
A.ng.18
1

Pittsburg, Otllce.

do
do
A O.
24,777,684 3 in 1908 Bee text N. Y.. I'arin. L. 9

1932

n ATT. Juh 10.03,2%
41a 1908 J. A J.
Various N. Y., Union Tru
3.021.000
7
7
A. A O.
do
do
Deo., 1905
715.000
(>.
do
do
1,506,000
Oat. 1, 1932
5 g. A.

22.701,1

l.OOO
1.000
1,000

1864

98

Companv'sOftloe

A.

5 g. A.
700,000 4 Jan. '00
A.
816,000

50
1

i

M.

Phlla.,

A. Check fron
A. Haltln

Check from

B

1,000

A
A

J.

6
l.OOO

F.
F.
J.

6

»,000

50

1.095

580

Q.-J.
8-

226,000

,

rts ($7,333,000 are 1st M.)
A Ind. Cent.
A Logausp't 1st M.iU'n City to I<ogans.)o'
Chlo. 8t. L. A Pitts eon.M. ($22, 000,000) g. I n c.vr

5

8,601

ii

Union

10
5

650. (mio

1,000
l.OOO

1890
1893
1897

BtaenaiiKo ei|ui|>. ti
e yearly, g. I PI..
(in-ein Uleeqolp. irusl fclOO.Oooduejr'ly, g.UPl
Butler equipment trust $2,050,000 I'Pl
Pxttsbura Charters 4 rough'ff— Htock, * l.OOO, 000..
19
Gen.M. $1,000,000, g.gu. p. Ad. tend. ifi*i Bee text
Pitttb'g Cincinnati chic, <t St. Louis—Com. stock
1,095
(Col.

Last
Dividend.

In 1902 Semi an Phlla., Broml Ht. stat'n. Julyl0.'03.2
2.4OO.0O0 7 in 1902 Yearly. Phlla.. H
n. lW.31
6 g. J. A J
8,680.000
do
and London. July 1, 192
11,143,000 4k- A:
Phlla.. Hi
Julv 1,
t'n.
.•00,000
4 g. F. A A Phlla •'
p'y*s offloe. Aug. l
U..-M. Phi
900
"3.3%
2,000.000
5 g. A A015 Phlla.. ( oinp',
1,417,000 See text. A. A O.
do
do
Oct. 1. 1941

50

.

Preferred stock

When Due.

Stocks

7,985,000 4

LOO

L886
1885
19O0

1

,

pal,

NT.

—

.

i'rinoi-

/..,/.<<#

WTiom.

.yable

305
305

129

I

K8T OR UIV1DKNLW.
When Where Pay aide, and by

Rate per

tor explanation of column headings, Ac, see notes
on nrst page of tables.

I

—

•

lti

ft.

Annual Report.— Year ends October 31. Report for 190001 was In
V. 74. p. 626, In 1901-2, gross, $12,231,194; net,-other
Income, $037. 132; Interest, taxes, rentals, Improvements, eto., $4,01O.23«; dividends, f569,6t4; bal., sur. $46.953. -(V. 76. p. 594.)
I'IiU.kI. ipliin A (Iii.iit Valley Kit.— Road from Bridgeport
to Downlngton, i'u.. 28*9 miles. Chartered In 1888. Capital stock (par
•AO) In, common, $550.0oo
preferred, 9206,100; total, $755,100, of
whleta Reading Company owns $454,450 common and $205, loo preferred, of wliicli 9460,000 common and $205,100 preferred are depos-

Conneaut Harbor on Lake

ited

p. 241.795.
Of the stock $5,500,500 com. and $100,100 pref. are owned by the
Carnegie Co. ami deposited under its collateral mortgage), Leased
for 999 years from Apr. 1,1901, to the new Bessemer ,V Lake i.rle
RR.. a subsidiary organization of the arneide Co. for 8 percent OB
pref. an 1 3 p. o. on common stock, Interest on bonda ami organization
expenses, etc., the lease belnt; guaranteed by the Carnegie Co. V.
rpo'ii.
72, p. 137. Through Carnegie Co is oontrolled by
Dividkndb.— On pref, 3 p. 0.1899. In 1900.6 p. o; slnoe under
lease, 6 percent yearly on pref. and 3 p. o. ou common.
Bonds.— Debentures of l-'M) may be called after June 1, 1909, upon
company paying >« per cent for each year of unexpired term.
The P. B. A L. E. mortKa^e of 1897 Is for $10,000,000 (trustee United
States Trust Co., N. Y.), covering all the railroad, property, rights and
franchises of the consolidated company. Inoludlnx the agreement with
the Carnegie Steel Co., Limited, and the Union RR Oo. Of the 5s of
1897 $4,800,000 reserved to retire Pittsb. Bhenaoco ,v Lake Krte bonds.
Report Of lessee company for car ending Dee. 81, 1902,
B v i;n i\os
whs in V. 76, p. 749, showing gross, *:;.* tl,3o7, agalust $3,021,215 In
1901; net, Bl.e68,Bl4, again si 91,548.864.
Pres.. James II. Reed, Pittsburg.— (V. 72, p. 137; V. 75, p. 185, 1203.)

;

under Its general mortgage of 1897. The Reading Company
guarantees' the bonds, with Interest reduced. Bee V. 63, p. 1064.
Philadelphia
(See Map Penn. RR.)- Owns Hunbury
Erie
to Erie, Pa.. 2H8 miles: branches. 17 in.; double track. 123 miles
Okoanization, Lease, <kc— Formerly Hunbury <fe Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net reoelpta paid at
rental. Pennsylvania RR. owned Deo. 31, 1902. $3,499,800 oommon
and $2,400,000 special stock and $3,944,000 general mortgage bonda,
and olty of Philadelphia (sinking fund) $2,250,000 common stock.
1)1 VIDEND8.— On oo'iimon in 1892, 2 p. c; 1894, 2 p. o; 1901, 2 p. 0.;
10OJ, July, 2 p. c; Dec. 2 p. c; 19(>3, July, 2 p. 0. On "special."
I-** U3.7 p 0. yly.; '94 to '96, none; '97, 2 p. c; '98 and '99, 4%; 1900
to 1902. both lnol., 7%.
Kakninus.— 8 months, ) 1903
Gross, $5,164,430; net,$l,«70,349
Jan. to Aug. 31.
Gross, 4,066,685; net, 1.368,276
(1902
Annual Report.— Report for 1902 was given In V. 76, p. 539
Year end. Dee. 31—
1902.
1901.
1900.
1899.
Gross earnings
$6,423,192 $6,789,689 $5.82 1,626 $5,348,029

A

HK.-

Total net Income
2,110335 2,725,740
Interest on debt
1,019.150 1,019.150
Dlv. on special stock ....
168. (KM)
168.000
Div. on com. stoek... (4%) 319,400(2) 159,700
Interest on equlpm't, Ac.
588,018 1,202.722

2,086 010
1,019.150
168,000

1,664.235
1,019.150
96,000

757,491

447,864

Erie, and Wallace Junction, Pa., 155
miles; terminal In Brie, etc.. Pa., 2 miles; branches, 11 miles; leases
Meadvllle Conneaut Lake A Llneevllle RR., Llnesvllle to Meadvllle, 22
miles; traoka<re to Cascade, near Krie, eto., 13 miles; total. 203 miles.
Most of the road owned Is to be double-tracked In 19()3 V. 75. p 1203.
Organization, Etc.— A consolidation Jan. 14, 1897, of the Pittsburg
Hhenanico A Lake Erie and the Butler A Pittshuric. Carries Iron ore
south and coal north. 8ee V. 63. p. 1159; V. 68, p. 152. Boat lines to
Canada. H. e V. 77, p. 1228; V. 76, p. 1358, 922; V. 60, p. S72; V. 61,

l

\

Kt-

Plttaburtr Carnegie A Western
Under construction as
extension of Wheel. A L. Erie from near Jcwett, o to Ptttaborg, I'u,
90 miles; to be completed by April, 1904
gee V. 76,
To be merged with the U'lie. liu< A Luke Erie, formlnc tn
connection with Wabash, an independent route to Pittsburg for the
Missouri Paoltto and associated Hues
a contract providing a large
tonnage was made with th« Carnegie Co. (now controlled by the U. 8.
steel Dorp.) Htook, $2,000,000. all outstanding. A syndicate is supplying the funds for construction. — iV. 77, p. 991.)
PlltMbiirtc Chart I. rs A YoushloKheuy If y.—See page 1490.
,

Balance
sr.$15.766 8r$176,168sr.$l 41,369 sr$101,221
-(V. 74. p 380, 626; V. 75, p. 30; V. 76, p. 383, 639.)
Philadelphia A Praiikford Kit.—Owns from Cresoentvllle to
Frankford, Pa.. 26 miles. The $500,000 stock Is owned by Bending
Company of which $498,950 is deposited under Its mortgage Of 1897.
In 1898 Interest on bonds reduced from 5 to 4 per cent principal and
Interest being guaranteed by Reading Co.-(V. 67, p. 1358, 1357.)
Phlla. Cell. A Cbeilnut Hill RR.—See Connecting Ry.
,

Philadelphia

Oermanlown A

Norrlntoivn

RR.—

Philadelphia
PltlnburaHarrlsiuirg,
Pa., to Bhlppensburg, on the Western Maryland RR.. 47 m.; 2d track,
3-38 11'.; sldliikts and laterals 1747 miles. Leased October 15,1890,
for 999 years at 5 j>. c. on stoek. Interest on bonds, taxes and
expenses to the Philadelphia A Reading RR., which bv endorsement
on each guaranteed thebouds. principal and Interest. Lease assumed
in 1896bv Philadelphia A Kcadlm: Railway.
Htook, $2.000,0«"
*50),owned by Reading Co., ol which $1. 995,000. alone with $1,472,000
of the bonds al-o owned ti\' the Reading Compiim are deposited under
Its general mortgage of 1897
Mortgage Is for $2,000,000.

Philadelphia

Newtown A New York HH.— Philadelphia to

Newtown, Pa., 22 miles; siillnirs and laterals. 342 miles Btook—
common, $1, 225.0(H); preferred, $400,000; par. $50 Of the bonds.
$849,100 (with coupons only partly paid— see V 64, p. 331), are owned

by the Reading Co. and deposited under its genera] mortgage
In October, 1898, Interest on 9607,000 bonda was reduced to
cent, from April 1, 1897, and made a tlrst charge, that on remainder
of issue being left at 5 per cent aabjeol to said agreement
v
773. Currem liabilities June 30. 190 1. +272,.">-i'.»
Year ending Jane
30, 1903, gross, $119,060; net. $16,151; oha
i.V

Philadelphia
Philadelphia

A Reading RR.—Hee Reading Company.
A Trenton RR.— Phlla. iKensin k'ton>, Pa.,

1897. 5; i898, 4; 1899, 4.-(V 69, p 492; V. 73, p. 785.)
Pine Rliill'A Western Ry.-8ee V. 77. p. IS
Plue Creek Ry.—Owns Btokesdale Junction, on the Fall Brook
Road, to Newberry Junction, Pa., 75 miles. Organization.— X. T.
Central controls the capital stock and leases the road for 999 years,
from May 1, 1899, for $35,000 yearly, payable ouarterly, Q.F., bond
Interest and taxes.- V. 68, p. 379,573, 773, 872. The 1st mortca^e to
guaranteed by the Reading and the New York Central, jointly and
severally. See form of guaranty, V. 56, p. 650. Htook, $1,000,000
(par, $50); July 1, 1903. N. Y. Central owned $999,000
(V. 68, p. 573.)

1896.

6;

Pittsburg Hcnftcmer

A Lake

Erie

—
RR.—Owns

line

pleted In August, 1897, from Bessemer, near Pittsburg,

com-

Pa,

Lines owned.

Miles.

509
Reiidcomb Jo. to Anoka Jo... 166
Bradford Jc. to Indianapolis. 104
Indianapolis to Jeffersonville 108
Branches
216
Pittsburg, Pa., to Chlcago.ni.

downed

1,103

Trackage —

Indianapolis to Kokomo
55
Iyoiiis\llle Bridge, eto
5
Lines leas'dWBQe these oo's.) Miles
' chartlers
23

A St. Loul* II > .— (See Map.}—

—

/.
es leased Con.
MUes.
Ohio Connecting Rv
3
Pitts. Wheeling A Ky
28
l.n^ Connecting Ry. lnChlo*
2
Other lines
ft
Operated tinder their own
i

—

organisation
Pittsburg Chartlers A Yougbr

logheny Ry
Olnoln. A Musk. Val.

Waynesburg

A

RR
RR

Wash.

19
149
28

little Miami
192
Total of all Jan. 1,1903. ..1.612
1
Organization,
Formed In 1890 by consolidation (per t^rms In V.
50, p. 875) of Chicago 8t. Louis A Pittsburg, Jefferson yflle Madison A
Indianapolis, Cincinnati .V Richmond ami Pittsburg 'in 4 Bl L
trolled by Pennsylvania Con. piny through ownership of »tock. As to
pnronaee of one third Interest In majority of Hocking Valley oommon
stock, see that company.

Ac—

1

Caii

-The stock authorized

is:

Common, $45,000,000;

preferred. $30,000,000; par, $100. Outstanding too. 8 1 1902. common,
Htock Hated to Sept, 1902,
924.777.534; preferred. 922,700,116.
common. B2ft.o39.800; preferred. 924.000.000. Hull V 68, p 881; V.
99, p. 1948; V, 70, p. 126
Of the preferred Stork. $15,000,000 la
as collateral under Penn. Cocertltlcates of 1901,
V. 73. p. 957.
The preferred stock Is " non-cumulatn e and entitled to a dmdrtud
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
oommon to an additional 1 per cent, making 5 per cent In all."
After 5 per cent on both oommon and preferred, the two share pro rata.
Dividends.— ) 1892-93. '94. '95. '96. '97'98. '99. 'OO. '01. '02 1903.
On pref. p.
S 4 yearly.
On com., 1 p.c, Aug. 15, '01; In '02 and '03. ,3 p. c each (KAA).
I

,

1

to

Morrlsvllle, Pa., 24 miles, mostly four tracked, and branch 3 miles. On
June 30, 1871, leased, with the united Cos. of N J., for 999 years to the
Penn. RR. at 10 p. 0. on $494,100 stock, the total Issue being |
100. the balance being owned by the United RR. of N. J.
Piedmont A Cumberland Ry.— Road from W.V. C. Junction, \V.
Va., to Cumberland, Md.. 29 m. Under the new lease of '99 the \v \ a
Co. A Pitts Ry. receives all revenues and pays all expenses, 5 p. 0. Int. on
bonds and 5 p. c, F.AA. on stock, of which It owns 92 per
69. p. 590, 5;-2; V. 73. p. 785. Previous dividend-: 1894, 5 p. 0.; 1-95,
6;

Plttaburs Cincinnati Chicago

RR.— Phlla.,

Pa., to Xorrlatown and Germantown, Pa., 20*66 miles; second track.
20 mile-: 3d truck. 259 miles; total track, 99 m.; leases .Plymouth
RR. 9 miles. Leased Nov. 10. 1870, to Phlla. A Reading for 999 years;
rental, $277,623, Including $8,000 yearly for ortcarizatlon expenses.

HarrUburu A

;

to

202

c—

Stock or Old companies unexchanged Jan.

34444

1903: Pittsb. Ctn.
co Minion, $26,750, Chic. St. Ixiuls .* P
1.
Bl
amon, $442,267, and preferred, $6,052; Steubenville A Indiana, oommon. $7
and preferred. $750: Jetl. If. A I., 41
Bonos.— The eonsnlulated mnri)
'XW.OOO (Farmers' Loan
e r>ropA Trust Co. of N.Y. and W. N'.J
ring all seeerty. Hutrlcient consols are reserve
tlonal bonds at maturity, at m.
iff
The
remainder are Issuable for Improvements,
They are
guaranteed unconditionally as to principal and Interest by the Pennsylvania Company. Thare all equally secured. R«* adv.
InCHRoNiri.K Mav2l. 1-erj.and miarantv on bond*. V 96. p R04
Latest K vrn-.-s mos., / i"
|l»-,26 ,411; nel 14.
Jan. 1 to Aug. 31
... \ 1902 Oroea,
J8 s,285
Annual Rei*obt.— Report for 1902 at length In V. 76, p. 743, 757.
1.

>.

.

I

.

£ 1430

KA1LWAV STOCKS AND BONDS.
|

Vol.. lxxtii.

RAILWAY STOCKS \M> BONDS.

Oot., L903.

KAILROAD8.
For explanation

on

._,

first

Par

M

I

Con. M., $75,000,000, gold, guar. p.A

by Pennsylvania Company

.

F

116

1864
1870
L890

" A,"g.o'

I.

A

(j

Pitllburu Junction -bee BaLTDsOU A OHIO.
PitUburg it Lakt A'ri«-Htock, auth. $10,00 0,000...
lHt mortgage, gold

New

1S7S
1HM9
1909

A B.N

lmirt.. g.,see text.lt.o'Ar

M

,

!•"

(

see

Wtutern

xt

Baltimore

A Ohio

2,0<"

150,000

A

Ohio KK.

-

I

V

76, p. 49.)

The tlrst mortgage is in series of $875,000 each and second
mortgatfe of $860,000. Of the above 1st mortgage bonds, $3,014,000
and of the second mortgage $3.2S7,500, and $2,450,480 cash, were held
In the sluklntf fund* June 1. 1903.|
Rbpokt. Keport roris'ts in \. t>9, p. 127. In 1902 profit to le««ee
was $781,049; In 1901, $831,230.— (V.75, p. 1087; V. 76, p. 1356, 1408.)

A

KK.—

Kaatern
V. 77, p. 62*
V. 67, p. 688, 788. 954, 1056. B.
control, owning all of the securities except $14,950 00m
mon stock. $959,000 first 6a 1370,000 second r>s and 1219,000 Terminal Co. 5s. Bee B A O. and V. 69. p. 1063, 1192 and V. 70, p. 77.
Is In

Krle KK.—Owns from Pittsburg, Pa., to
68 miles, to be four -tracked; branch lines to Newcastle,
owned. 72 miles (of which 70 double track); leases
Pitts. McKeesport A Yough. (which see), 103 mil.-s. Mahonliiir Htate
Line RK.,3 miles, and Beaver A Ellwood KK., 3 miles other, 4 m,;

A Lake

O.,

Pa., 4 miles; total

;

total operat«Ml,

1

->.">

Owns $139,850

miles.

stock

of Pitts.

A

Charters

Yough.

P.

A

L. E.

operated In interest of L. 8. A Mloh. 80., which owns about $4,050,"
of stock. The stockholders voted on June 29. 1903. to rnoroano
the stock to $10,000,000, to provide for tinpn\ em.-nt*, molndlng the
four tracking of the line from Youngstown to McKeesport, etc..
the new stock being offered to stockholders at par; payment to be

Is

0O0

madeJuly

31,

Dividends.-

1 •(>
\

V. 77, p. 37.

i.

(

-

;

PlM»burgLI«bou A

.

KK.—

\* extern
New Galilee, Pa., to Lisbon
O., 25 miles; saiem t W ashiugtonvllle, O., 7 in., coal road 3 miles'
total. 35 miles.
Kxtensious are reported to bo proposed to Canton-'
Ashtabula and K.ast Liverpool, O., and In Pennsylvania to a connection
with the Butt. Koch. A Pitts
A consolidation in No\ 1902 or the
AW. /uiw.rav. the BalemRy. ,V 72, p. 987) and the BhonaaM
A B, aver \ alley Ry. of Penn. V. 75. p. 794. BtOOk. all outstanding
$5,000,000, all comruon The 4s of 1902 arc limited to fio.ooo ,,,-r mile
of sliule main track road now owneti or hereafter u
Unlink
provision f. r underlying bonds, S162,000 bonds being
referred to
retire the 4160.000 fives of 1896. See V. 76, p. 383. For " i» mos
ending June 3019o3 ,32 in.les,, gross. $51,448; net. $160l3; " Lr
oome, $1.3. >3; charges, $30.4&$ ba,| def., $3.1 07. President. N. B
Bllllng^ley, Uslwn, G.-(\. 75, p. 794. 907, 1032; V. 76.
p. 49, 383.)
>

PL

,

-

A Youghlogheuy
Owns from
57 m.; MoKee«port to Fayett"cityPa. 3 im™
branches. 13 m.; leases 2 m.; total, 103 m., of which 50,m. double
track,'
Pittsburg

IT1<

Keeaport

Pitts, to N. ffaven. Pa,,

r.t-to

..
1.

N. Y., Wlnslow.L.

Aiu.

1,

July
July
July
Jan.

1.
1,

ACo.

1942
1942
1945
1949

1D12
1912

1

F.

A

A. Pittsburg, Co.'s Office. Aug. 1.-03,

Coin

Tit,!. ATr

I

Jan.

IT. «'o.

NY., Bowl .(in-.
r
N.Y.,Bowl U
N. Y.. Union Trust
1.

do
do
g.

I

f

!>.<-.

.

July

g.

F.

4

if

F.

<

JuU

<

do

A

4»« g. A.

A-

.

O.

6*

1.

do

1.

1,

Keli.

Central Tro
Philadelphia Offloe.

1,

<ni.

(to
Fidelity IT.

1952

1

ll>o3,3

Feb.

A.
A.
N.

1931

1

July
July
July

Co
Plttsb'g,
Phlla., Broad Bt, Btat'u

A
A
A

1,

do

do

N. Y..Kecurlr. A

5

3. -131.0O0
S.000.

1H
l\

03.
03,

do
do

d*
do
flo

A.

1.

t

S

1

1

1918

UM
1949
1952

May l,03,3i»

do

Apr.

1,

1925

to Pittsburg A Lake Erie RR. for 999 years. Rental
6 per oent on the stock, principal and Interest of the Pittsburg Mck.

IMtixbnrg Ohio Valley

KK

A

KK.—Owns

Cincinnati

road Bell-

to Powhatan. (>., 15 miles. Operated for cost by Penn-.
In connection with Cleveland .V Pittsburg slnoe Deo

().,

Company

Htock. authorized, $1,500,000; outstanding, $200,050; par, $50. Trustee of mortgage (for $1,500,000), Fidelity In* etc (Jo. of Phlla. Year
ending Deo. 31, 1902, gross, $22,706; net, $4,785.
Plilnburg I'ulii. -villi- A Kiilrpori K K.—Owns Fairport. O.
to Youngstown. etc.. O., 53 mll^. In July, 1902. the Baltimore A Ohio
RR. pledged the $800,000 common stock and $235.<).H) of the $2M>,000 preferred stook and all tbo 1st mortgage and terminal bonds
art security for Its own Pittsburg Lake Krle A West Virginia Bvstein
J a V 7 2, p. 1188. For 7 mon lis ending Jan. 31, gross, $260,542 In
.

.

M

1901-2. a»falnst $296,28"> In 1900-1.

Kor year ending June 30, 1901, gross, $475,277; net, $119,746; int.
and taxes, $86,552; balance, surplus. $33,194. In 1899-00, gross,
$460,713; net. $122,209.-(V. 71, p. 182, 343; V. 72, p. 1188.)
I'll 1 mI> 11 r^ Miuwiuiit
INortliern IC K.—Koai>— Projected as
a short route from the bituminous coal fields In Klk and Jefferson
counties. Pa., northerly to Maoedon (on the N. Y. Central A Hudson
River KK.), Including branches, 350 miles. Of tlrst division, Wayland
to Shawmut, Pa., [228 miles], 168 miles Is In operation, viz.:

A

Oum«l—

MUn.

Hycie.-i 10 Clermo' t, Pa
Ml. Jewett to CorrjTlllo,
O'ean to ItDliTnr
AngelloH to Wajland
let.

Lt itotd—

to Cardiff.

vffl

\

1

18

86
IX
18

Isfatfd— (CnncL)
Milt*
Uornells. Jet. to llornellivllls.
10

I

4«

Pa

Pa

Crovlaud to Hal ton. Pa

|
1

Ilrdes to Shawmut. Pa
Hrorkimrt t<> lirockwarrllle.
('orry vnle. Pa., to

Pa

Larabee

.

b
4
8
^_

Tutsi operated

log
Include: Clermont to KasAon, Pa ,
Pa., to Olean Jot. N. Y.. 14 m., and Bolivar, N.
to be opened Nov 1, 1903.
consolidation in 1899 of the Central New York
I

The extensions under construction

74 miles, (orry vllle,
1

,

to

Angelica, 23

m,

Organization.— A

Western, Buffalo

owing

Mary's

St.

A

A Southwestern RR.. etc.
M*rquand A Company, who purchased

to failure In 1901 of

bonds, reorganization was necessary.
Under plan, V 74
327 (only $164,000 or old $6,000,000 5 per oent bonds not having
In Oct., 1902,)
the 5 per cent bonds received In ex
change 4 per cent bonds of a $15,000,000 Issue, as follows: 10 per
cent on which Interest began to run Feb. 1, 1902, and 100 percent on
whioh Interest will accrue from Aug 1, 1908, The Kersey RR.,12
miles, formerly leaped, and about 150,ooo additional acres of coal lands
and mineral rights were placed under the new mortgage. V. 74. p.
327, and Circular, p. 578. The non-assenting bonds have rOOervOd
Interest to Aug., 1903. The Old lsts exchanged for the new bond
not been canoeled. V. 75, p. 291. Car trusts July, 1903, $268.
Htock.— All com., auth., $15,000,000; Issued, $11,700,000; par $100.
Latkst Earnings.— For 9 mos. ending Mar. 31.
the
p.

assented

O rom

ISM.

Oih. mr.

Set.

.

Vharg't.

Bal., tur.

$523,109 $204,784 $206,045 $265,296
$145,531
439.477
188.56J. def.4,188
23^07 def
« nob —On the completed portion, earnings for the year
ending
June 30. 1903, were: Gross. $680,976; net. $247,35* oilier Income
Interest, taxes, etc., $351.11-; bal.. d.r
OrriCKRS.— President. Jonn Byrne; 45 Wall .8t.-<V. 75, p. 30, 291.)
Pitt*. Nuenango A Lake Krle.—HKR Pitts. Bbhskmkr A L. Eaik.
1008-a
1901-2

i

;

I

C In. bur- Terminal KK.

1884

to 1891.
1892.
1893 to Aug., 1903
6 yearly.
8
10 yearly.
Annual Report.— For year ending Deo. 31, 1902, gross. $lo 098
706; net. $2,236,471; taxes, $143,430; Interest, $.'27, 40--; n
736: other, $13.7^8; dlv., (10 p. 0.), $.500,000 bai., 8 ur *72 169
In
1901. gross, $8,047. 167 .-(V. 76. p. 973. 1 40 4; V 77. p. 37.)

Percent.

1.

1,

J.

5g-

aire,

pi.

Plttaburg

Oat,

do
do
do

the share certificate* ami bonds.
The guaranty of 'lie stock Is on the
Bxpress condition that the holder shall accept par for the same on July
Bee wording of guaranty In V. 56, p. 774. Block authorised,
1, 1934.
$4,000,000; tlrst mtge. bonds authorized, $2,250,000; 2d mtge. bonds
Profit to Imom In 1902 +2.373. of which
authorized, $1,750,000.
one-half was payable to the Lake shore A Michigan Houthern.

LOST.

Youngstown,

1914
1906
1910

1,

Lease.— Leased

Wayne A Chicago Ky.— (See Map Penn. RR.)—

Pltt«b. JoliiiBiown Kbeuib.
Plttaburg .1 iimtlnii KK.—Bee

1,

A Yough bonds being guaranteed by Pittsburg A I-ake Krle and Lake
Shore A Michigan Houthern companies, the guarantiee being endorsed on

Bonds.

A O.

do
do

A.

3.772.400 7 In 1902 M.

Is

guaranteed special stock out*tandmg Nov., 190
dged to .secure bonds of the Pennsylvania Company.

is

A

1,

Apr.

do
s

\

Jan.

July

!

,

do
do

•

6
6
6
6

1,^00
6.419,8 •<>

b$73

In tiuarterly Instalment* an annual dividend fund of ifl, 380,000
free of all taxes." This special stock Is issued from time to time for
betterment*; In 1 s!»*. *335.30O; In '99, *824,907; In 1 !'(><), +1.002 700;
In 190<> $1J9 .200; In 1902, $1,418,200; In 1903. $2,010,400. Of the

"

O.

,

A

U

them

p.

A

Mty Bank.
L nATT.

J.

8-

290.OO0

l.OOO

Ac—

t

N.V„K»ruiMi)

RR.

Pittsburg, Pa., to Clilciik'o, HI., and Dr., 470 miles.
Double track. 271 mllOB.Of which part waH built In 1893. In July, 1900,
66 miles of additional second track was under construction.
Foreclosed Oct. 24, 1861, and reorganized. From July
Lkask,
rental pays In1, 1869, leaned In perpetuity to the Penn. KK.;
terest, sinking fund of debt and 7 per oent on stock, pay able Q.-J. The
leasee keep* -oad in repair and pars taxes and expeiine*.
In July, lOOl. an extra dividend of 2 per cent wan declared on both
stocks, but it will be paid on the guaranteed Mpeclal Htock only In oase
the court* hold that dock entitled to It. V. 72, p. 821, 1188.
Capital htock.— The special Improvement stook Is Issued to Pennsylvania KK. for Improvements, Ac, under article 16 of lease, which
rrovldes that the le&nor may Issue special bonds or stook. Bee V. 50, p.
39, and wordltocof endorsement In V. 56, p. 774. The special stock
Is In all roapoetl subject to the goneral or prior stock and "to the
rights of holder* of said general or prior stock to have distributed to

V.75

N. Y., Nat'l

J.

%*

1 50,000
8.959,650
2,250,000
900,000

50

(8%) 7 48296 (2>a%)61 6

Bait.

J
O.

Various
Various

10.OO0.0O0 10 In '03
tt.
2,000,000
2,000.000
5 g.

1,000

29 1.878
"1,898,857

A T.d. UK.— See

IMin.li. (ii-vc.

7
7
5

5,160

l.OOO
1,000
l.OOO
1,000

Balance, surplus
$138,080
$371,549
$547,743
" Includes extraordinary
expenditures In relink: irrades. alignment,
IuolurteK prollt In operating Little Miami KK. and Bt. L. V.
etc., etc.
x
AT. U. RR.-(V. 74. p. 1356; V. 75, p. 733; V 76, p. 748, 757.)

Plttaburg Fort
Road.—Owns from

A
A
A

.-J.

7

,0,000

(4%)907928 (4%)907,870 (4%)907,670

oommou

Dividend on

Due.
Stocks-Lmai
Dividend.

1

I

500
50

181 687
Interest).

Mlscellaneoun
Dividend- on preferred

4»«g.
4»«g. A.
4»*g. I
4 g.
3»sg. F.

.7,000

l.OOO
l.OOO
l.OOO

1902.
Tear ending Dec. 31.
Miles operated (Hjht<-m proper)
1.164
OroMMearnlngn.
*22,010,557
Netearningo
5,705,687
MiHiellaneous
71.042
*."..77ti,?J!»
Total net earnings
Intere«t on bonds
$2,202, o>

Rentalspald
Car triiHtw (Including

A.

19.714,286 Bag t.-it.
Bee text.
26.0

50

1896
1st m., subject to call at 105 ....
P. L A w Ky
1SS4
PitUburg MrK. it limu/i. -Htock, guar., see text
1st mortgage, guar l>\ 1" A 1. B. and L. B. A- M. 8.0
57 1HH2
57 1884
2dM.,gu p.Al lend.)bj IV a I., i: and L ,8 d
*I
McKeesport A Helle Vernon, 1st M., g., ass'd
L 888
88
PitU. Ohio Vctf.rf Chn.-lst M. g.,s.f. notdrn Fi-c
15 1890
PitUburg Pamirtv. it Pairport- Hee BaI.TIMoRK A Ohio KK.
1 H99
Pitub Bhawmui J- Wo.- l-t M. g..$l2,ooo,OOOColo"
....
New mortgage, gold. $15,000,(>oo
....
1902
PitUbury Ym/i nia d harUttoii— Htock ($6,000,000)
84
....
84 1895
Cons. M.,now lot. if., s. f., not dr'n, Mr. A OP t
aHtnking fund Jan. 1, 1903. held t2.218.OO0 addltl oual.
Pittibury

J.

1862 500 Ac
1862 ,()(> an
L862 MM Ac
1901 200 Ac.

series (i to M
do
ti\e, not drawn. o" )
2d
3d mortgage
hb.dk A. AH C.Tcr.KR..lstM.g..gu p.&l.o*

rt>jf

J.

7
7

100
100

470
47U

Pitti.J.

t

5

h~3 i.ooo
1,970,000
10.000,000

pal. When

hum.

\S

Ohio KK.

Pitttib.Ft

Pitt: Lxnb'in

S3.0OO.0OO

1,000
l.ooo
l.OOO
1,000
1,000
1.0UO

D/'g.o*
••K

DIVII.

Where Payable, and by

Payable

1,37

••

it Toledo -Bee Baltimokk
Wn,,n, ,( ('. (,en. slk.,7 p. c. guar. Pa. KK.
special imp stock, 7 p, & guar b
Guaranteed
1st mortgage, series A to F / sink, f uml, ciiinulu )

When
1

$l,0OO

\.iK>r,

PUltburi/ OltV'lund

I.

Amount

Bonds Value. Outstanding

ad.

OK

.

Blze, or

of

r
<t 8t.L— (Con .)— Ht. & Ind. 1st
Jefl'nvtlle, Mud. A In. 1st M. (s. f. drawn at 110).o
2d uiort., Jetfersonv., Ky., to Indlanap. A br'b.o

2(1 luiirti

__ —

Date

of

page of tables,

PitU. Oin Ohir.

(end.)

.

Miles

column headings, Ac, see notes

of

i.ii

I

tioiuf

p.

A

1408.

IMiiMbnrtr Virginia

A

Coal CO.— V.

75, p. 1355, 1400;

Charleston Ky.—South

Pittsburg. Pa.,
Oper. by Penn. KK.. which uwund
all the bonds, and p..
lntcs as rental, the bond* being pledged under "coll. trust ol
ivanla KK. offered the minority itockholders until July 15
$112 50 of its own stock for each $50 share. V. 76, p. 1306.
Dividends.— ) '92. '93. *94. '95 '96 '97. '98. '99. 'OO. '01. '02. 1^03.
to Brownsville.
-Ian

1.

Ac.

Pa..

82 miles.
stook,

1

Per oent...

$

and

55355556 777

May.3*»

KvKNiNos.-Yearend.Oec.31. 1902. gross. $3,6*0.2!'
128,841; other Income. $6,614; tlxed oharges, etc, $871,837; dividends (7
p.o.).-(V. 76. p. 1302.)
Plttahnrg
is,. \(ap of Pail. * OAm>.;_Road—
Wfalern
Owns Allegheny. Pa., to New Castle, Pa.. 60 miles; standard-gauge
branches to Foxburg, 53 miles; .( ft. gauge lines to Jewett. et
miles; total owned. 221 m. Leases and ci utroli
,t Toledo.
77 m.; Pitts. Painesvllle A Falrport,53 m. Trumbull A Mahoning, 11
1

A

KK.—

•

:

m.; total system,

362 miles.
8t<itns.-RoaA sold on Oct.

9, 1901, under the 2d mortgage and reA W. RR^ B. A O. pledging as part security for us own
Pntsuurg Lake Erie A west Virgin
entire $13,M>0,000 Of new stock, $5,982,000 of the *9,7oo.oo.) tirsl iuorUfage4s of
1887, $81,000 old 6s (all), $136,000 of the $219,000 Pittsburg, New

organized as P.

•

1432

RAILWAY STOCKS AND BONDS.

[Vol. lxxvti.

Oct.. 1903L]

RAILWAY STOCKS AND BONDS.

I

1

3

:

RAILWAY STOCKS AND BONDS.

I4'M

Vol. i.xxyii.

|

INTEREST OR DIVIDENDS.

RAILROADS.

MIN Date Sire, or Amount
Rate per When Where Payable, and by
of
of
Par
For explanation of column headings, Ac, see notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page of tables.

,

PittMb

Ytrtngft.

* AshtaO.—Ctnu.

stock, $2,000,000

125

]r^erred stock, $2.000.000
Ashta .v I'm-!'. 1st M..Y n»fst'nto Asht.ew Fl'r

12.*.
Consoi M. for $4. 000.0(H)) s. f. 1 p.c.not <lr V f
IS
<r HttttUeboro, 1st M.,lnt.gu.oj OldOoLo*
100
Pontine Oxford <f Xnrth.-\*t M. .if. .$400,000 tie ..« A MaiNK KR.
<f Rochester
Portland
Portland it Rum ford fa//*.— Stock
o*
64
Onuol now 1st, mort.. $1,000,000. gold ..OB.
c
Plain bonds, sinking fund, gold. (850,000
Cuion liy. Sta.— lit M., ser "AA- R."Kii.s.f
Portland
Port Heading.— 1st M..&, gu -by old l'.\-H Fi-H.i-.tr
Potomac Valley— 1st:M.$2.000,000. K.k'ii JleHa o"A-r
potond Rio Verde— 1st M.. $15,000 p. m.^.ino.t'
C
Prowltnee <t 8pnng/Utd—l*t M. gold
Provitlenre <f Worcester—Stock (10 percent rental).
V.03.p.lo»;.«.cM (refund'gl.cur.. $1,500,000. krolil tinP.O*
1st
Quake town et kastt rn— 1st niort,
60
Duem anns'l KK lstmort., $12,000 per mile...
Prior lien M., red. at 103 to 1906, then oar
Consoi. inort.. $1,400,000 (4 p. o. for 3 years)....
Income mort.. $600.000
,
Oiiti.ru KR Bridge Co.— Stock. 10 per cent rental.
Railroad Secur\t,e» Stock, coin.. $10.000.000
Pref bv ok. 4 per cent oom., §10,000,000
g.. sir. A. red IOSIn
111 Cei.t stk. Int. certs, cum.,
H.-e Sk \b<) arc A
half r</A <* A agitata- Raleigh d GcUtOlt
$310,000, go.d.K.C*
Raleigi <t Cape Frar-lst fa.,
20
C
Rarttau River RR. -1st mortgage, .cold.. ...
40
Beading <t Columbia— 1st mort. (ext. In 1882). ..0
40
o
2d mortgage, coupon (extended in 1884)
i

Plvmouth

—

—

....---•-----••------•0

.._....----•
Df*l>f*i)t u r**8
/,>//-' li^tM g. .$750,000.

Reodg

go p.At.end.OP

c*

....

7-4

....
....

1878
1887
1892
1896

$1,333,342 7 in 1903 M.
1,700,000 7 In 1903 M.
K.
6
1,500.000
|M.
5
1,562.000
225. OOO
5
J.
400,000
6 g. J.

$50
50
1.000
l.OOO

1,000

2,000,000 6 in 1902
4 g.
892.000
850.000
4g.
300, OOO
4
1.500. OOO
5 g.
1,300,000
I*'
40i OOO
6 g.
750.0OO
3.50O.0O0
10
1,500.000
4
180,000

100
1.000
1806
1897 500 fto
1891

1891
1898
L89S

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

1897
1897

1,000

BOS
1901
1901

1,000

l

500

A

I

eke

1.000

ir Lin K Ry.

1903
1.000
1889
l.OuO
1862 100 Ao.
1864
1,000
1877
1,000
1900
1 .000

Other inc. Tut. <t taxes.
Balance.
Net.
Oross.
Tune SO—
lfioooi "."' $4 0*0.687 $1,534,029 $3,000 $1,078,729 8ur.$348.300
3,726
1,076,652 but. 264,935
1.337,861
31835,034
1899-00
-<V. 73. p. 33, 445, 785, 1011. 1109; V. 74, p. 268.)
Owns Kenwood,
,.
pi.
YoiuiuMlowu Jk. Anhtabula
i,i, r
Pa to Ashtabula Harbor, O., 99 miles; Nlles to Alliance Junction, O.,
Branoh, 1 mile: trackage. 3 miles. Total, 128 miles.
86 miles; Cantleld
Oroanization —Leased August 1, 1887, to Pennsylvania Oomoommon and
nam/ which Jan 1, 1903, owned $375,000 terminable $1,550,000 preLease
at cither's option
ferred stock; rental net earnings.
)1890. 1891. 1892-95. '96. '97 to 1900 '01. '02. 1903.
DrviDKNDB
6>«
7
6 yearly. 6 ^ 6 yearly
7
3
Oommon no. \ 2^
On preferred, 1888 to Sept., 1903, 7 per cent yearly (M. A 8.)
of 1887 are reserved to retire 6s.
Bonds.— Bonds
Earnings- In year 1902 gross, $2,713,130; net. $912,326; other
inMomo *"0 082; Int.. Improvements, etc., $861,163; dividends, $212,044 bal!."def.. $140,799.-(V. 73. p. 616.)
-Operates road from Ponttao
!»,, hi Ik Oxford A: Northern RR.
In year 1902. gross, $197,897
Mich toCaseville, Mich.. 100 miles.
nVt Mfl 174- Interest. $24,000; dividends, $50,000; stock, *l,ooo,ooo.
'95.31*;
Dividends 'in 1890,1 P.O.; 1891,3; 1892. 4; 1893,6; *94, 4:
1000 4- 1901 (1)- 1°02. 5. Litigation, see V. 77, p. 299. President,
Hugh Porter, N. Y.-(V 77 p. 299.)
8ee New York
Port .iitvU Ittontlcello A. Summit vllle
Ontario A Western.

RR.—

Ry.— Owns Rumford Jot. to Rumford Falls 54 miles; branch to Otis Falls, 10 m.; trackage (Me. Cent.)
Rumford to Lewiston, 4 m.; total operated 68 miles. Controls Rumford Falls A Rangely Lakes RR., 41 miles of track— V. 69, p. 954.
Portland

A Rumford

Fall*

1903
Dividends— ) 1896 1897 1898 1899 1900 19011902
4
6
4
6
6 Inol.Sep.,4ia
4
5
Percent. \
Anndal Report — Report for 1900-1 was in V. 73, p. 1008.
Oross

Yeai

1902 3
l«01-2

Oth.inc. Int. .tax., etc

Net.

$21,611
27,-65

$MH,983 $271,828
52*821 218,648

Divid'ds. Bal.

$86,716 (6)$120,000
80,656
(6)90,000

stir.

$S6,723
75,857

1008;

V. 75, p. 612; V. 77, p. 770.)
Portland I'nlon Railway Station.— Stock, $50,000. Bonds
guaranteed Jointly by Boston A Maine and Maine Central.
Owns 21*21 m. of road, ooiupleted In Sept.,
Port Reading
1892 ron. Poit Reading Jet., N. J., to Staten Island Sound; sidings
anil laterals, 32 m.; total. 53 2 m. Capital stock authorized $2,000,000—
par $10() all' owned by Reading Company. $1,555,000 being deposited

-(V. 72.

1188; V. 73,

p.

p.

RR.—

nnder Its'tfeiieral mortgage of 1897 and $440,000 under Jersey Central
collateral mortgage.-(V. 55, p. 544. 639. 680.)
Opened In Sept, 1892, Potomac Valley
Potomac Valley
Juno Md., to Cherry Run, W. Va., on the B. A O., 14 miles, and
Capital
Porters, Pa., to York, Pa., 17 miles; total, 31 miles.
from
stock $500,000 ($50 shares). Leased to Western Maryland, the bonds
having principal and Interest guaranteed, lolntly and severof 1941
(
'o. and the Baltimore A Harrisburg
ally by the Western Maryland KK.
Hlnkiug fund Of 710
Rv bo and being SOendorscd. The bonds liaveayear
ending 8ept. 30,
1902, net, $286,891. For
of one t'xr.ent
9806,968; net, 9888 825.- (V. 66. p. 130; v. 76, p. 1144.)
1901: Groee.
vortle isy.— i^wuh narriiw-Kauge rtiati from City
|»i.ti>»1
Poto»l A Rio VitiIc K>.— Owns a narrow-gauge road rrom ui
'las CO
of Kan l.uls PotOSL Mexico, to Hacienda Alvarez. 40 miles. Has oonbeoomee
cessions for 89 \ ears, exjilring Nov 4, 15)85, when railroad becom
fro
the propertj of uie Mexloan Government Company is exempt from
Bonds are Hiihjcct to call atl]
t 110
taxes and Import dntlei tor lfiycuis
day. Pre* Robert 8. Towue; See, O.J.
and Interest on any Interest
ew
Nourse .1 r.. 27 William Street. Ne York.
,

J.
J.
VT.

Quakertown, Pa.

8.

J.

1, 1927
1945
Men. 1, 1951

Jan.

Baltimore.
Boston.

O.

Oct

1, *03,

J. N. Y., office,

6%

'03,2%
120 B'way. Jan. 1, 1952
Oct.

8. N. Y., Knlck. Trust Co.
N. .1. Tit- Uuar
J.
Tr.
8. Phlla.. PhlL
Read. RR.

A

A

D.
do
do
D.
do
do
8 Phlla., Read. Ter. Bide.

1.

Mar.

1,

Jan.

1,

Men.

1,
1,

June

Deo. 1,
Sept. 1.

1943
1939
1918
1904
1917
19M>

Rehoboth Beach on Atlantic Ooean, 60 miles. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; branch. Queenstown to
Centerville, 6 miles; branch, Queenstown to Love Point. 12 m
completed Apr., 1902. total, H4 miles All financial inform ition refused.
In 1902 obtained authority to lnorease the stock reoent y $720, OOO)
to $3,000,000. consolidate by lease or otherwise with connecting railroads, and issue 930,00 bonds per mile on its entire line; also 'o extend from a point east of Denton southerly via Federals >urg. Salisbury
and 8now Hill to the Virginia State line and thence to Cape Charles,
Va. V 74, p. 206, 728.
The consols bear interest at 4 per cent for three years and 5 per oent
thereafter, of which $732,000 to retire the old 5s. balance to retire
prior lien bonds and for improvements. V 72, p. 283
Year ending
June 30, 1902. eross. $161,709; net, $19,434; total deduofons, $33,.

496; bal., def.. $1 1,062; 1900-01, def $10,784. Pres William H. Boslev, Baltimore; Vioe-Pres. and ften Mgr., Charles Neilson; 8ec, A. H.
p. 532; V. 72, p. 283; V. 74, p. 206, 728.)
,

,

Taylor.— (V. 70,

Qnlncy Cariolltou

Louis Ry.—See

Ac St.

8upp. of Jan., 1903,

V. 77, p. 401.

Qui m
Qui ii<

Omaha Ac Kansas City RR.— In 1902 sold to OB. AQ.
RR. Rrldice Co.—Owns bridge 1-43 miles long over the
Mississippi River at Quincy, 111. Leased Jan. 1. 1869, during life of
charier, probably 100 years, to C. B. A Q. RR at annual rental of
$175,000, which pavs 10 p. o. on stock: on Tau. 1, 1903,
p. o. e^tra
was paid. V. 75, p. 13*5. In 1903, the Chic. Burl. & Quinoy purchased
y
>

1

$1,591,000 of the $1,750,000 stook at $200 per shan- In Its Illinois
Division 3 •* per oent bonds, and on Nov. 4, 1903, Its stockholders will
vote on purchasing the property.— (V. 75, p. 1355; V 77, p. 620.)

Railroad Securities Co.— Organized by interests Identified with
the Illinois Central to acquire and hold securities of railroads. Stock,
common. +10,000 000; pref., 4 per oent outn., $10,000,000; outstanding, common, $4,750,000; pref., $2,575,000. The $8,000,000 present
Issue ot the int. oettltloates (t-20.ooo.ooo authorized) are secured by e
like amount of Illinois Central stook, interest at a 4 per oent cumulative rate being pavabie if tecehed from dividends on the shares
pledged, the stock Itself being deliverable to the holders of the certificates at maturity unless the option to call at 105 Is meantime exercised
V. 74. p. 937, 1039. Dividends In 190^ and 1903, 4 p. o.
y'rly (paid A. & O.) on pf; Oot., 2 p. o.-(V. 74, p. 428, 937, 989, 1039.)
Raleigh A Ati^u-ia tlr Line RR. ) 8 ~ n
d .. T _. Ry.
8ee HeaDoara Air L,ine R _
^
Raleigh A eatSton RR.
p.-ar RR.— Operates from Raleigh, N. O, to
Raleigh A Cape

RR.—

YfS

M.

!

N. Y., Co.'s of.. 27 Wm. Oct. 1, 1918
Prov., R. I Hospital Tr Julv 1. 1922
Providence, Ottoe.
Sept.30,'03,21*
Prov., R.I. Hosp. Tr. Co. Oct. 1, 1947

Quebec Terminal A Railway Co.—8ee V. 71,'p. 603; V. 77, p. 38.
Queen Anne's RR.—Queenstown, Md. to Lewes, Del., and

KR.-

;

J.

&
A
A
A
A
A
A
A
A

Dividend.

Extension east, 85 miles was proposed in 1902, making short line
between Montreal and Quebec. 8ee V. 74, p. 95 A conso idatlon was
also voted .Ian 14. 190^, with the South Shore Ry. V. 74, p. 152; V. 76.
In 1903
p. 1249. Stock to be increased to $4,00o OOO, all common.
negotiations for a settlement and possibly a sale of the road were
pending. V. 75, p. 240, 550. 612, 1032, 1255
President, H. A. Hodge,
Montreal, Can. -(V. 75, p. 612, 1032, 1254; V. 76, p. 12 19.)

»/,

;

M.

See text.
400,000
650.000
350.000
1,000,000
750.000

F.rte 4s

u

4to5

(!)

4
<»>
.750.000 8ee text. J.
4.-50.000
2.575,000 4 In 1902 A.
J.
8,000,000
1

due 1917 and $3,500,000 new mortgage bonds
785.
of Pittsburg A Western RR— V. 73. p. 445,
Kki-okt.— Last report (V. 73, p. 1109), showed, Including leased lines:

('•(stlc

M.

F.

A

When Due.

Stoc to— Last

Portland, Me.
Sep.15,'03, Us
Boston, Old Colony Tr. Nov. 2, 1926
Boston and Portland. Aug. 1, 1927
Portl'd Me. A boston. Jl\ '27, Jan/29
Philadelphia.
Jan. 1, 1941
Baltimore, Hllleu 8fn. Jan. 1, 1941

AN

5

330,000

1O0
100
100
1902

Q.-M.
M.

5*

<»>

1901

A

&

pal.

8. N. Y.. Farm. L. A Tr.Co. Sep. 25/03. 3**
8. N. Y., Far. L. A Tr. Co. 8rp 25,03, 3»s
A. Phlla., Fidelity Tr. Co Aug. 1, 1908
N. N. Y.,Fanu. L. ATr.Co Nov. 1, 1927
J
Boston.
Jan. 1, 1912
J. N. Y.Mero'le Trust Co. July 1, 1916

& A
J. A J
J. A J
J. A J
A. A O
J. A J
Q.-M.
A. A O.
J. A J.
J. A D,

i,

100

A
A
A
A

bona*— rrinol-

.

Lllllngton. 3 1 miles, including 2 miles of trackage; extension pr.
Kayetieville, 28 miles; total to be 62 miles. Incorporated In 1898;
road opened Jan.. 1899. Stock authorised, $10,0 o per mile. Bouds
ror2
(see table above) are limited t» $5,000 per mile. V. 76, p. 752.
mos. ending Auif 81. 1003, gTOSS, $10,155; net, $4,95
Year ending
June 30, 1903 (20 milts). KTOSS, $36, 6*7, against 926,140 in 1901-03:
net, $l*,4b4, against $12,050. President, John A. M11U; Secy, and
Treas., F. X. Ricks. Olllce, Raleigh, N. C.-(V. 7b, p. 752.)
Harllan River Railroad.—South A in boy to New Brunswick, N.
stock author l/i-d,
J., 13 miles; branches. 7 miles; total, 20 miles
Dividends paid in 10028,
$l,0(i0,0o(); Issued, 9400,000; per, 9100.
4p c. Yeej ending June 80, 1908, grose, 8122,99 net, 944,826; Int.,
surp., $6,716.— (V.
taxch. etc., .^22,110; di\ ldciul.-.
p. c), $10,000
to

.

;

(

I

;

77, p. 88.)

Beading Hell Itlt.— Belt railroad, 7*4 miles in length, around
opened May, LOuS. V. 71, p. 751. stook. $7so,oo0,
Reeding, Pi
owned by Seeding Company, Road leasnd to Phlla ,v Reading Ry.
from July 1. 1902, at 4 percent on the stook, Interest on
bonds, and taxes.- (V.71,p. 751; V.74,p. 1090.)
.

]

|OA8

it

I

pel senl •'<
63, p. 698.

r'k report V
EiiKlaml (since for.

New

end New England
The bonds were Kuarauteed by the N. \..o.
Hosed).— (V. 63, p. 30.)
'"'

Bee

88, p. 80.

Providence A Worcester It It. —owns rrom Providence. R. I., to
Worcester Mir*" 44 mllee.ol which 5 mllea ere owned jointly with
Boston A Providence; branohes, 7 miles; total owned, 51 miles;
Krom lulv 1 1892 leased for 99 years at lOperoenl pel annum on the
BU»ckt'oti.eN Y. N. II. A llartf.o,
OliHhrrtoWH A l':H«Ierii lilt.—(Juakerto wn to Rletfelsvllle,
Pa 16 mllei Htock, $1*0.000, all outstanding; par of shares, $50.
tiarges, $11,Year ending June 80 1902, gp
President John Jameson; Bee., Henrj H Punk; Trees ^exnea
970
H Hhelly; (Jen MkT., A. F. Baker. Olllce. yuakerlo wn. Pa.
Qaofcee Central Ry.-V.75.p. :«); v.7<;. p. 604, 980, L249, 1408.
Quebec A Luke St. John Ry.-V. 79, D. p. B89j V. 78, p. 1208.
Oiieh.c Sotitliirn Ry. -Owns Horel. Province of (Quebec, to
Nov an Hi) miles; Ht. Lambert to St Francois, with branch, 55 miles,
(former South bhore Ry.); total, 144 miles.

all

Heading A Coin in bin RU.— Owns

rrom Columbia to Sinking
40 miles; branches, 14 miles; operates Marietta Ju*o1
6 miles; total operated, 60 miles, stook, $958,373 (par. 850), of
which $7kh,200, together with $9,500 1st mtwe., 985,000 3d mtge. and
$1,000,000 debentures, arc owned by Reading Co., all except r
stock being deposited under lis general mortgage.
Year 1902-03,
gross, $309,809; net. $82,802; charges. $116,318.
Hprings
i

Pe»,

blokles,

Heading Compnii} — IMilladel plila A Headlne Ry.— fSe*

A Reeding Ry. operates In connection wlththe
freat anthracite coal properUes of the Philadelphia A Reading Coal A
ron in. in ihe HchiMiktu region, Pennsylvania, a system of
roads center In if at Philadelphia, extending to H.iilelon and Wll Hamsport on the north, and westerly to Han ishurg.Hhlppenshiirg and Gettysburg In Pennsylvania and Wilmington, Del, on tlie south, also easterly In New Jersey to Atlantic City and Cape May. on the Atlantic
Ooean, and to tidewater at Port Reading on New York harbor, vis.:
ifap.)—'l'Ui' Phllailelphia

]

i

o.

RAILWAY STOCKS AM) BONDS.

1903,

i..

RAILKOA1--.

Date

Size, or

of

\o., see note*

of

Pai

Road. Bonds

Henttini/ Coin/nun/ ('iiihiiiun stock
per cent, DOB BUB
1st pref. Htock,
2d pref. itook, 4 per rent, bob cum
Glen. M., $135,000 O00,g.,s.f.notsub. call. Ce.o'Ar. Text.
Jen.Oent.OOl.tr. M.g., red 105 aft. '06. Pe Pi <kr

Car
Car.

Northii slk

red. at

tr. ctfs.. g.,

mar. n

Equipment

ti

do

bit.

1),

old, 987,000 S. a
gold. $156,000 s.

i.i.

2.400

4

l.nll 000

i

1902

4"-jg

1,000

1

Philadelphia to Potter. 8d

•(;<>,

j*

1892

94 1848 9 a' i
94 1844-9 1,000
1857 500 AC
1,000
148 1868
1S71 200 Ac
325 L873
5O0Ac
327 1882

c

Mortgage loans St 1844, 1848 and L848
Mortgage loan of 1ST) 7 convert ile
11

Mortgage loan

of 1*'

[tended In 1*93.
Consol. mortgage ($8,162,000 are gold •;- HI'
tInipr'tM.,K.,ext. Iu'-.it PeP Bee v. 86. p. Consol. M.of
J78)o"
tTennlnal niort, gold
t, p. 85
Phtladel phb. City Sub wav U>an. guar.. $3,000,000
I

1

tP.dc It.Coal

A

1891
1894 a

.64,

p. 619.i
65, p. 278.

I. mortfl

1,000

500"a'c
1894
1,000
1,000
1892

M.

500,000

2
5

1,438.191
l, .12,700
954, OOO

R

M.

-

«•

6
6

J.

J.
J.
J.

When

Co
ilia., Pa

rust

&

.1

is;i7.

1,000
1.000

o*

1

M

Kl

k-

4*yg. P.

MuHr. of

ttoi

Not. 10/03, Ha
MorKituaOo. Jan.
km 1, 1951

1'

I

4 g
1,39

i

list M.,ext. in

I

l.UIH

L901

a

& Read. Hie. bonds
Delaware Rlyer Terminal Par. Money M ,gold
Delaware River Term. Kxt. I'ur. Mm,
Bonds and mortgages on
i*ii

4 g
4

re.

-•pt liroi -2%

-

1,000
1,000

K>1

dividend.

mo

or

•»

MM

till

J

&

.lrawn.

N.

A
A
A
A
A
A
A
A
A

do

A.

N

J an '04

L910

May 89

Phlla, Ouar. Trust,

J

do

J

Philadelphia

J
79,000
44
J
2.696,000
5 g. A.
O
ls.sll.oon 6 g. A 7 J.
D
9,363.000
4 g. A.
O
5.766,717
4 9
8.500.OOO
5 g.
l}.— F.
2.720.000 113 A 3*s
206,1 oo
5,647 Various
6 g.
Q.-J.
i :ho.ooo
F. A A.
10,000,000
J. A J

July

Phlla., Rett.'

do
do
Phlla.,
Phlla.,

1,

1942

July
July

LondOB

A-

1,

1910

1,

1:110

do
do

do

July, 1910

Oct
June
Apr

A London

Read. Ter. Hid*.

do

1

1.

i.i

l,

1947

Mch.

Phlla. Prov. Life A Tr.
Ota roniirj
Phlla., Penn. Co. for Ins.

1

Mt\

ilo

1.

|*

—

1941

1931

1

Coal trust eertltl atea, gold. See V.
do
do
Phlla.. Rea<l. Ter
lOol. s. f. gold loan (RS.) go p A i.. ext. in '02
<t Sara.— Stock, Hoc. .01. Del. .v Hinl.tend.)
100
N.Y.,Del.AHud~
192
M A \
2,000.(MM)
1st mortgage, consolidated, Int. rental
o"*i
1,000
7
do
79 1871
do
Richmond Freaerlelub. if Potomac Common stock.
1.316,900 8 In 1903 .1 A J. Phlla. and Richmond.
100
19< 8 J. A J
Dividend obligations' (tame <liv. a* com. stock)..
100
1,072,000 S In
do
la
M A N
Stock, guar. 7 p. c, except $19, 300 mar. 6 P. 4
100
500,400
do
6 A 7
do
Note. General mortgage of 1897 requires that the Beadl ng Co. and Reading Coal A Iron Co shall be responsible fo
marked t above.
Only #16.000 are 3s.
li

Rensselaer

-Prmoi

|i«l,W!i.

.

4 g

ml-aaBnaUy.&P

a

BO

Old

1

DIVM'i

iK

Rate i»e r When Where Payable, and b>
Outstanding
(Vut.
Payable
whom.

LOOOA.

6 Pr

105

Hoiut*

mount

-cml mutually

trusts, $3, GOO.Oi"

A

Value.

\

890 t70,0OO,OOO
50
50

I

A

1435
1

Mile*

For explanation of column headings,
on tlrst page of tables.

Wllm.

u

9

o

.

190.1

Apr.

i»04

1,

Feh. 1. 1:132
July. 1908, 4%

May

1

July
July

1,

1903,4

1,

1903, 4

r all

ola

bond*

I

Lines owned in fee.
Miles.
Carbon.eto. A
branches
12519
Lebanon Vullej branch
.19-14
Lebanon A Tremout branch 6528
Mahauov A Hhamoklu bru'h 59*86
Schuv lktll a Bnaq. branch.. 5337
1*86
West Reading branch

Leased line*— (Con.)
Milei.
a Pn ta. Kit
H47-2
Wilmington A N01 th. UR tf 88-4
Phlla. A Heading Term. KR.
13
Reading Belt RR
7'4

\

Phlla. Har.

Phil, to Mt.

Total (2 tracks 182 m).. 365-00
Lines leased (See each Co.)
Oolebrookdale RR
12-8
Plokcrlng Valley RR
11-3

.

|

|

j

Tot, leased (2dtraok2573).645 1
Entire stork owned
Chester A Delaware RR
53
Rupert A Blooinsburg
16
Middlct'n A Muminelst'uKR.
63
Tamaqua Hazletou AN. RR. 99

—

|

1

I

I

Controlled-

East Pennsylvania KR
H35-4 Central RR. of New Jersey. '676 8
H396
Alloutown KR
H4-5 Reading A Columbia KR
Lebanon A other branohes 13'8
Little Schuylkill Nav. A RR. TI315
6*4
Mine Hill A Sohuy. Haven.. H420 Read. Marietta A Hun. RR.
fl25'7
Mt. Carbon A Pt. Carbon RR. fi 25 North East Penn. RR
Mill Creek A Mine II. RR....1F 38 Phlla. A Chester Valley RR TI239
Schuylkill Valley Nav.ARR.flll-0 AtlantlcClty RR. A l>ranchesfll67-4
East Mahanoy RR
fll0-9 Catasauqua A Fogelsv. RR.. 29 5
Shamokln Sunbury A L. RR. 1131-3 Gettysburg A Harrisb Ry... U341
U383
Phlla. German. A Nor. RR.. H29-6 Perklomen RR
Phil. Newtown A N. Y. RR..H21-7
Chestnut Hill KR
U 40.,
Port Reading RR
U212
Catawlssa RR
U1030
101
NorrlsKiwn Juno. RR
04 fNmy Creek RR.
H 26
North Pennsylvania RK
TI862 Ph ll a* Prankford RR
^ ^^ this company.)
Delaware A Bound B. RR...U338
SchnylkUl A Lehigh RR
Total controlled
11469
1,134-5
Total system July, 19t-3 (2d track, 759 miles)
2,144-6
From the company's docks at the extensive
(H Bee this company.)
terminal at Port Richmond it operates a line of steamers aud barges
In ooastwlse coal traffic and provides berths wlih elevators and ample
accommodations for several trans Atlantic steamship lines. In Jan.,
1901, control of the Central RR. of New Jersey was acquired. V. 72,
-

.

,

|

I

p. 86, 340.

392, 676; V. 73,

Stock owni

itsiur.

p.

847.

The Baltimore

Michigan Southern aro jointly

A

Ohio and the Lake Bbozc

Jb

In virtual oontrel, having acquired in
190'J-0> ovei 860,01 0,000 ol tlie$l40.000.0(
stock, couslstlug largely
of preferred stock. V. 76. p. 102; V. 77, p. 350.
Voting Tin ht. Ktc.— All ol asses of stock of the new company are to
be held by voting truptee* (J. Plerpont Morgan, Frederic P. Olcott and
C. 8. W. Packard) for live years, and thereafter until 4 p. 0. cash dividend per annum shall be paid on the MrM preferred rtOOB for two conseoutfve years, thoiu-h the trustees may In their di-.-iet ion surrender
the stock at an earlier date. The company may, after ill \ ldends of 4%
have been paid on the first pieferreil for two consecutive years,
convert the second preferred stock Into one-half tlr~t preferred and
one-half oommon stock. As to rights, see V. C4, p. 709. \<»tlii"
Croat, V. 64, p. 955, and Sur. of April, 1S97, page 5.

Organization. -The Philadelphia A Reeling RR. (chartered April
4, 1833; and the P. A K. Coal A Iron Co. were sold In foreclosure Sept.
33,'96. and reorganised per plan In V. 61, p. 1109. See V. 64, p. 709.
In the reorganization the 41 millions of old stock and the 56\
millions of old preference Income bonds were assessed 20 per cent,
the stock then receiving 100 per oent In new common and the preference Incomes, common and preferred stock in certain proportions.
The "Reading Company" In the reorganisation acquired the security holdings, real estate, equipment, etc. Of the old Phlla. A Reading
RR. Co.; also the $20,000,000 stock and $20,000,000 bonds of the Phlla
A Reading Ry. and the $8,000,000 stock of the Coal A Iron Co., and
.

against all this property issues Its own securities. See V. 64, p. 709.
The property of the "Reading Company" consist* of the following:
Railway equip, leased to Ry. Co. for 8 p. 0. yearly
$19,792, 1 1
Real estate not appurt to RR. (ann. revenue ab't $175,000). 17,351,936
Colliers and barges leased to Ry. Co. for $115,000 yearly...
2,107,650
Leased and new equipment
9 424 jgj
Phlla. A Reading Ry. stock $20,000,000 and bonds, $20,000.000 par (annual int. to Reading Co., $1,200,000)
40,000.000
Phlla A Read. Coal A Iron stock at par
8,000,000
Miscellaneous securities at par tin 1896 yielded $765,000). 70,414.656
Morts. and ground rents at par (not under *96-'97 mort.).
262,415
Int. In Phlla. A Read'g Coal A Ir. above securities owned.. 79,116,721
Claims against other companies, etc
9,593,013
Total July 1,1903
(8eeV.77,p. 835)
9350,061,774
Sinking Find. -Whenever, in any year, a dividend la paid on the
stock, an amount must be paid simultaneously to the trustee equal to
5 cents per ton on all coal mined by the Coal A Iron Company during
the preceding year, If the aggregate of dividends so declared exoeeda
that sum; otherwise such leaser sum >»s ahaJJ equal the dividends so declared. Under this provision general mortgage 4* (not callable) weie
tuircliaset and canceled as follows: In Mar., 1900. $433,000; in 1901,
$391,000; In Mar., 1902, $443,000; In Mar., 1903, $253,000. f. 78,
p. 848.

Dividends.— On 1st pref.. 1900, 3 p. c; 1901, 4 p. c: In 1902, Mar.,
0ct - l P- c lu li,t)3 4 P- e au *l - P o- set aside, pa> able Mar.
?twP ;°.10, 1904, making 4 p. 0. for tlscal year 1902-03. First dl videud on 2d
;

pref.,

Up.o,

-

;

paid Nov.

>

10.

1903.

V. 76,

p.

33.; V. 77,

p. 33,

1226.

Bonds.—The General Mortgage 4s (abstract V. 64, p. 613)
are secured by mortgage and pledge of all properties and securi-

embraced In the reorganization, and also all other property
acquired tlicnaficr by use 01 the new bonds. They have above sinking
fund out of the revenues from the Coal a iron Oomj
tre not
subject to compulsory redemption prior to maturity. The
mortgage Is also, subject only to the bonds for which reservation is made
based upon properties or securities of all the lines of railroad owned'
including the Philadelphia A Heading Railway Company proper'
365 miles; various leasehold lines, ti3."> miles; all the property of the
Coal A Iron Company, or the securities thereof, representing nearly
200,000 acres of coal ana timber land; equipment valued at about $180OO.0O0, also marine equip. See application to li~t In V. 64, p. 709. '
Furthermore, it has a first lien upon a majority of the capital
stock of various companies in the system owning 453 miles of railroad, and also on various bonds of system— list In V 64 n 613
Of the $135,000,000 fours of 1897 $51,457,500 were reserved' to take
up undisturbed bonds and $15,500,000 for future construction, equip'
ment, etc., at not over $1,500,000 per annum.
Improvement mortgage 6 p. c. bonds of 1873 due Oct. 1, 1897, were
extended at 4 p. 0. for 50 years from April 1, 1897, payable In U 8
gold aud guaranteed p. A 1. by the Reading Co. V. 64, p 470- V 65
p. 516. The consot 5s of 1882 for $5,673,042 were also extended at 4*
p. c. till Mar. 1, 1937, the Reading Co. and Coal A Iron Co. becoming
responsible. See V. 65, p. 870, for contract. V. 65, p. 152, 870.
Terminal mortgage bonds, see V. 64, p. 85 and V. 60, p. 732.
For ten-year wmktma fund loan see Jannary, 1S95, Sui'pi.kmknt
The bonds were In 1902 extended to Feb. 1, 1932, at 4 per cent principal and Interest being guaranteed by the Reading Co., and sinklna
fund reduced to $30,000 yearly. V. 72, p. 242; V. 74, p. 206.
The coal trust certificates under agreement of May, 1895, are not
redeemable until April, 1904—see V. 63, p. 838 and Jan., 1895, Sopp.
The Philadelphia tfrtbway Loan Is payable after ten years from date
In 20 annual Instalments, to secure which $*>00,OOO, bearing interest,
has been deposited, aud $100,000 yearly Is being set aside in monthly
Instalment*. See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p 7.">8
The^emey Central collateral trust bond* 1*2:1, 000,000 present Issue)
ired by deposit of $14,500,000 Cent. RR. of N .1 (oosl
200.000) of the *27, 213,800 stook outstanding, 81,495,000 Perklomen
stock and $ 140.000 Port Reading KR stock, the remainder of the
$45,000,000 authorized being reserved to acquire the minority stock
of the Central Company. They are subject to call on April 1, 1906, or
any interest day thereafter, at 105 and Interest., on 60 (lays' notioe
See abstract of mortgage. V. 72. p. 487; V. 73, p. 847.
The Wiimtngton <t Northern stock trust oertlUcates are scoured br
deposit of #1.495.000 out of $1,500,000 W. A N. stook. V 72 p 340
Car trusts of 1899 see V. 69, p. 1346; V. 71, n. 759. The $3,200 006
car trusts of 1901 cover 10 passenger and 38 freight looomotives
1,000 steel coal and BOO gondola oars, 500 box oars. They are additionally secured by $«33,000 of the general mortgage 4s, which may
bo withdrawn as the ear trusts are paid off. V. 72, p. (
('(, u. Puoi-KKriKS.— These aggregate about 194.0O0
acres, a* followsOoal lands owned (acres)
95,144 Timber lands owned (acres) 70 489
Goal lands leased (acres)
7,429 Iron ore lands (acre*)
21,000
Latkst Earnings.— From July 1 to Aug. 31 (2 months) result* were*
t mo* to ,— P. A li. llv.
-lUaA. Oo.
ties

mw

—

I

|

— tMiMm.
Oram

.

A*iq. 31.
Qtou.
lis<8.... »8.V!O4.J01
itfOS....
3.K13.3T0

Charges
do

all

|8.9.a.3fl0

1.0.W.O45

Cos. 8 mos.

do

.

,„,

$5.s7^.517
f;5-.7:t0
4i»,010 ilef &40.HU

19u:t

Il.77rt.oon:
1,71)1,441;

1W0H

l:to.,a
balance tur

See also editorial,

Years Etui in g June 30.

|.

balance," def."

Annuax Report.— Report for 1902-3 was given
p. 819, 832.

»

k33.40*
I

at length In

p. 799.

1903.

1909.

V 77
^

1901.

Railway company— Receipts. ..$32, 42 , 791 $29,515,534 $28,344,168
Expenses (lnol. renewals, etc.). 30,593,263
18,566,351
Net earnings
$11,1336,528 $10,745~53ti
$9,777,818
Coal A Iron Co.— Reoeipts
$23,279,241 $26,519,530 $28.917 858
Expenses
22,131,248
26^283.203
27.993,149
Net earnings
$1,147,993
9336,327
9924, 709
Reading Co.— Net Income.
6,431,711
4.ssi,444
5,312.129
Net earnings all Cos
$19,416,232 $16.V'.<
j-l.V •Fixed charges and taxes
11,1
14,3.
7.255
r

.

Surplus

84,951.010

Accumulated surplus
Dividends on 1st pref
Surp. end of year (all

$9,357,fi23
(4)1,130,000

(3)840.000

$8,237,623

-40

cos.)..

.459

934,735
$3,8 717784

3>-

1

Offickrs.— Pres.. George F. Baer, Vlce-Pres. and Sec, W.R. Taylor:
Treas., W. A. Church; Comptroller. D.Jones.
Directors— Jo*.-,.
r
- 11
.
Qeorga K. Baer. John Lotrbcr VVeUh. 1.
Thomas. Henry A. Dupont, lleury P. McKean, Samuel Dl, 1
Meel*
sua 11. McK. 1 w..mblv.
Omoe— Reading Terminal Building, Phlla.— (V.77, p. 819,832,1226.)
'1

,

Keuimelaer A Saratoga KK.— Road.— Embraces 192 miles, via:
Hood owned
Miles
Leased Continued) —
Miles.
Troy to Lake Champlaln
Aell
79
15
Leased
Vermont line to Ca*tleton, Vt
7
Troy to Waterford June, etc.. 14 Eagle Bridge, N. Y., to RutSchenectady to Ballston.
15
land. V
($2
Lkask.— Leased In perpetuity March 1, 1871, to the Delaware A Hudson, which, June, 1901, owned $800,000 of stock; rental, 8 per oent
on the stook and Interest on bonds. Guaranty on stock, V. 56, p. 773

—

1

—

1

t

i

1436

RAILWAY STOCKS AND BONDS.
[Vol. lxxvii.

1

RAILWAY STOCKS AND BONDS.

Oct., L903.
RAILRoaD.-

Rie Fr.<t Pot. (Con.)— Con.M..*2,000.000,g.Ce.o"«fcr
82
R*ch. <* Heck. — 1st M., $315,000, g.(V. 69. p 391). o
SI
Richmond it Pctcrs-bun/ HKK ATI-ANTIC C"AHT L.IN K RR.
Bich.-Wash. Co. Oollal Pi g., gu.,.rcl. 106.. ..R
....
Stock
iilo Qraiule Junction
62
1st mortgage, gold, guaranteed <«
o*
.Rio Gr. Sierra M. .( Pac.— lnl M g 620,000 p.nxOe
156
MO
fiio Or. Southern— 1st M.,g.,*25,0OO / not guar,
per tulle. Ce
180
( guaranteed
Rio Orande Western— Bee IlKSViH A RioOkandk
Boe/i. <* Genesee Vol.— Htook,6% rental Bill
18
.Roe* island Oo.—Oommo
)6,
>,000
....
Pref. stock, (see text) Don cum $54,000,000....

1890 11.000
1898
1,000

Ch. R.
eh. u.

C

B.1

I
i

.*

A
A

1897

tr

i*

t.000, gold,
If ,g ,8ei Hi.. P.due \'l\ jred
,

«

....

All

(aeaumi
Rook Isomd .v Peoria, oonsol. 1st inortgage.il pr
Choc o. a I., gen now I »t) M.. 65,500,000. g.o'
Choc A Mem 1st M.. 63,750,000, aee'd.GPcAT
I.. Ho. k Bridge lat M ,aea'd.g.,r«d (texl GP.o'
Cousol M.
o*
00.000 gold
Oar trusts, gold. 650,000, Oot. I, fearlj OPo*
Bflnuuap.

-t

v

i.

.

113
283

282

OP

i,i

Her.B.$7o.ooo s.a.to Aug/06, th $75,00o
S.T.C. 61,750,600. April, y'rly. begin. 190
Botk Islund .t Pro' ta lU,ml» B66KOCI l-l
Home Olmton stork truncal guaranteed)

962

«; l»

GP

Tear.

1901-2
1900-1

LOOS
1900
1901
1902

Qiiantlco to Junction, eto., 3 nillea, total 85 DBllOOi to DO doable trucked.
Blob. <t Potonb
onneotlon RR -lock of $140,000 reoelvea 8 p. o. dividends under lease.
The guaranteed took is secured by mortiraKe.
The Richmond Waablngton Oo '(ooo below) in 1801 took orer a
majority of the oapltal sto. k, but the "union" line of tbateompanv
has been operated by Rich Fred. A Bot. ofliclaN since Nov. 1. 1901,
and separate corporate existence will be uialntitlned. V. 74. p. 149.
Uiv».on stock &)'91to'93. '94. *95 '96. '97. '98. '99. '00. '01. '02. 1903
dlv. obllir. p.o. \ 7 yearly. O^i
8

The dividend obll<atlonsoarry no votlngpower.

I

77 6^778 88

1902-3... U ross, 61,888^04; net, $398,382
...(iross.
l,l(!-,o54; net. 441.1-.S
\ 1901
Rki-okt.— Report for year ending June 30, 1902, was in V. 76, p.
(irons, 81 .168,054; nei.6441.488; otl er income. 822,880;
99, showlnic:
Interest, $31,175; dfvldenda, $231,144; t.al.. -*ir.. $201,994. Inl^OO-l,
61. 66,865; net, 6871.751; other income, «26.314— V. 74, p.
rrooa,
49; V. 75, p. 78; V. 76, p 99, 1840; V. 77, p. 629.)
S

-'-'

t

Mecklenburg Kit.— Keyavllle,

Va., to ClarkesRoad Is leased by South. Ry. Co. for 50 years
vllle, Va., 31 miles.
from Nov 1 1 998, for Interest on bonds. (V. 69. p. 391.) Stock, 6357,900 (par $100) of which $300,000 owned by So. Ry. Co. ( V. 71, p. 1 12 1 .)
Sc

,

—

,

Itl«

hmond &

Peter* bur sj Kit.—See Atlantic Coast Line RR. Co.

Hlctimoiid \Va»li lugiou Company.— Controls a "union" line
Washington, I) C„ to Richmond, Va., 115 miles. In the Joint interest of
the following roads, viz.. the Bennsylvania RR.. Baltimore <* Ohio RR.,
Atlantic Ooaol I.lm Co.. southern Ry., Seaboard Air LiDe Ry. and
Chesapeake a- Ohio Ry.. eaoli of whicl' owns one-Olxtb of the 63,670,
00*> oapltal stock; operation beiran No%
The entire road
1, 1901
V. 75, p. 78. Dividends In 1808. 8 D.
la to be donble-trai'ked.
In
eorporated on Sept, 5, 1801, ami ooqnlred a majority of the ronna capHal stork ot the Richmond Fre-lericksburir d Potomac RR and tlie OB
tire stock of tlie Wasiiinirtou Southern Ry extending from the onatb
end of Lome Bridkre a«-rost< the Potomac River to Qnantloo 86 miles.
Th«> collat tmal 4s of 1H03 fjl 1,000,000 authori/c.l laoOO), are
guaranteed, jointly and toTota lylpruolpal and Imereat, i>\
roads named above; ot the bon.U 66,000.000 have been Mid for
donble-traoklng and improvemenia. v. 77, p
Sfear ending
Deo 31. ii'0 int on investments and depoalti
tiix.s. eto
2.772; dividends (3 p o.), 680,100; bal., sur., $43,923.— (V. 73. p.
S 43, 1011; (V. 77, p. 829, 095.)
Rio Grande Junction It).— Owns road Rifle Creek, Col., to a
connection with the Denver A Rio Grande at (iranu JanottOB, t>'2 miles.
This Is a connectiUK link in the standard gauge roui between Oirden
and Denver ami Colorado sprlmrs. Leased by Colorado Midland liml
road (since foreclosed and reor^'ttiii/ed as Colorado Midland BaUwot^\
and Uenver a Rio Grande at 30 per oeal of grooa earnlnga, wblob oom
panles tolntlv and severally guaranteed the bonda, prln and int. First
dlv. .1898, 80cts.; 1899. *1 20; 1900, *1 96; 1901. *.') 75; 1902, *-!; 1903,
$3 90. Year 1901-02. gross, *573.1 19. rental. $171.936.— (V. 66. p.237.)
Rio <;rande Sierra Mudre A Paclllc It IC—Orifanl/ed In MexlOO In 1890;incorpor.ited in N. Y State In J line, 1897. belmf completed
from Cludad Juarez via Baa Bias Mountains, Lake Guzman. Hablnal
and san Pedro mining reK'ion. to asas Orandee, l
miles.
v.\
proposed to Guerrero, 156 miles, to meet the Chihuahua A
and a projected line to Paoltlo Coast Capital stock Is $3,120,000
($20,000 per mile) anil bonds are authorized at $20,000 per mile, of
which $2.000, 0"0 issued for construction to July, 1->9H
Int.
bonds began July, 1899. El Paao Southern RR. organized to build El
Paso terminals and Rio Grande bridge.
DpMOIOBS.— President. A Footer rTlggraOj VlOO President, Edwin D.
Morgan; 2d Vloe-Bresldent. A. Glltord Agnew; Secretary. George Rowland: Snlell Tllghman, John B. Lawrence Jr., W
Morton Grlnnell,
John T. Terry, eecretary, Geo. Rowland, 40 Wall street, N
64. p. 611. 1138.)
•

.

'•(

>;

.

••

(

B

0,000

|

pell

July
July
July

A Co

Ao

1.

1617
1640

1,

1940

1,

July, If

bj

.

Nov. 2/03,

do

from Sept
1903 opt
V. lint Nat. Hank. Jtuy
Jan.
do
do
do
do

Int.

g.

N. Y
N. Y.,

7
8
8

3,525.000

.

entralTr
do

g.
g.

B

Company*!

I,
1,
1.

July

Otlit c

1.
1,
1,

1,

Apr
June

Bk.

t

1%

2003
1918

1919
BT.Yh Flr»t .Sat. Hank.
Jan. 1. 1949
do
do
do
do
1818
clo
1952
dO
Bulla., Glrard Trust Oo.
do
To Aug
do
April, LS04 10
do
do

6 g.
5 g.

5

Oct

do

.

8

-".(

<

.

do
do

8
8

1

1

V

N

.'.

15.000

1,540,000

eu

345.360

1

">•'.

I

I

Rio Grande Southern RR.— (See Map Denver <t Rio Orande.)—
Owns narrow gauge from Dallas (new name Ridgeway). Col., on the
Denver A Bio Grande, aoutnerlyto Dnrango, 163 miles, and nraniies
to l'ellurlde and coal fields near Hesperus. IS miles. Stock. £4,510.000; June 30, 1903. *2.255,600 owned by Denver A Rio (Jran
Mortgage abstract V. 54, p. 163. and application to X.
V. 63, p. 404
Y. stock Exchange in V. 54. p. 44C. Of the bond"00 are
guaranteed by D. A R. G. V. 70. p. 791. See guaranty, V. 70, p. 1295.
Earnings— For 2 months ending Aug. 31:
Gross.
2 months.
yet.
Charges.
Bal., sur.
Oth. inc.
1903
607,R22
$51,507
$1,947
$1*,211
$35,214
1902
101.:;:tl
86,203
3.504
For year ending June 30, 190L gross, 65*8,554; net. $27other income, f9.si!2; interest, taxes, etc., $214,612: surplus for year
873,357. In 1901 02, gross, $575,07."); net. 6362,540 — (V. 71, p. 389.)
Rio Grande Weatern. RR.—See Denver A Rio Grande RR.

A

J.

J Ollnton. ir.T., by aback July. -03. 3»«%

Kroul Kit.— Lehigh

ICIver

Ave., Kensington, to lock St., Philabranch; total 4*69 miles
In Jan., 1903, merger with

Ii

1

Pennsylvania RR. was pending.

iimk

1,

—

Valle> It It. A I OB to Rochester, N. Y., 18
1*71, In perpetuus to Krie Kv.
Rental. $34,012.

land Co.— r.sve

I

(V. 70. p. 103.)

Gcncue

leased July

miles.

.»/.,;. x, /<'!</. i

(468, t4:t:t.)— laenrporatod

i.ise\ on Jul/ 80, 1802, an. aoaulred. per plan V. 76, p 240,
entire stock (6145,000,000) of the Chlo. R
m ' Bafrood (new
lie Rock Isla.il
olll
co ), whose bonds, togetlier With tli
of ll t 87 1,8 7. 100
werelaaued In exchange for V 6 8 6 •". V
Sany,
\'
ii. p.
K.
Jte
PaolflO Had way— which lOO, and IS) per plan
1408. 1406). for over 90 p. < Of 'be 88".80«.OOO 81 Lonto A Si-. Fran.
com. stock: also aeq ir.-d oio-hilf of the stock of the Houston
and Booaton 4 Central BB Sooaton Ba>1 a]>on RR (aggregating 923 tulle*) tor 6'.3 OOOo oaab, 8 ,6o0,0u0 pre
ipru 1,
terred stock snd $3.500,0oo Bye year * p-roent
]<!'-.
See stock below. As to hie. St. Louis Mem.
N. O. BJ
that oomp my.
Ito \i>.— The "Rock Island svst.'m" Is dearly shown on the acoompauy lug in a is. Its lines Including
tin-

I

'

<

I

)

1

(

.

...

•

.

i

A

1

:

]

ROCK ISLAM) A PACIFIC 1U1LWAV SY8TKM.

I11CAQO

(

UitfS

Miles.

I

Chic R. I. A Bao. Ra{fiwn/....3.656
S'ock ad' nr nearti/ atl\ owuen.
1,051
boot okla. .v Gull

Lsosrd—
Moines A Ft. Dodge
Keok. A Deo Molnea (maj.
stock owned)
1

:

<

Burl. Cod. Rai>.
leased)

A

Ro.k Island
leased)

A

Nor. (also
;

162

Entire stock owned by 0. O.

1,367

<t
J

144

ie-

Beorla (also

.

A

Beoria

120

0.—

A

Searcy

Dee Aro

25

Bur. Yalley (also

leased)
Chlo. R. I
Chlo. R. I

A Gulf
A

Total Nov.

147

1,

1902

7,033

seoond track.

*3

273

*111

El Baso

LINES. — CONTROL ACQUIRED IN 1903.
llnf st ,rk tnbcovTicd.
Miles.
Controlled.
Mile*.
Houston A Texas Cent. (V.
st. I. a- Ban Fran.Si/f/cw.lncl.
151 miles trackage (Mar.
7 ,p 888
692
5.137 Houston Kast
West Texas 191
31. 19i 3i

OTHER

-villi. ATerre Haute...
Under construction

Housion

331

A

A

Shreveport.

39

259
Total other lines Mar. 31/03.7,649

As to Seaboard Air Line, see that Company.
The following lines of the OblOMO Rock Island A
under con-tuctlon Nov.

W> re

i

,

June 1.
Feb 5,'t 3.3Wio

iip.ll

do

4

RocllCMter A

:

mo nd

ooo

delphia, wit

319,262

Danville.—See Southern Railway Co.
Itl. Iimond Frederlrkdhuru: & Fotomm- UK.— Owns from
Rich non.l, Vti., to QoantlOO, 79 iulles; Jarno BITOT l>r;iiicli. 8 m. loaOOl

It l«li

1.

York.

i

1940
1948

1.

Bash

11,000.000
0,000

Bal.def.

&

Eahninob.-12 monthB,
July 1 to June 30.

Apr.

Co.

j

100

Rental t.
$1.01 To.
$751,104
$2.75»!.720
714.421
2,036,183
1,088,688
337; V. 74, p. 1088; V. 75, p. 342, 1147.)

-(V. 73, p.
Kl< limoiid

New

Y

N.

J.

I

1,0 )0

i

Set (over taxes).

Grots.

4

J.

N.

.

1

5.000
1.000
1.000
1.0O0
1.000
1,000
1.000

above

\

.i>

A

Q.-F.

,0o0

•:

500

1877
1885
1894
L899

Lai M.. icold

Phlla or Rtchm'd.

.

J

13.50

l.ooo
1,000 vc

1881

I

r

N

.v

69.557.000

1902
l,(
1876 100 Ao.

lol^feo

,

i

8

51,190,800

1877 l.OOOAO
Vc
1898 1,

369

e

NY

I

M

g.

Dividend.

80, 47.

,

786
3,128

R I No 1st M lawful money p. o\tr
K. v tfW.,eona Lot M., g.. gn
Bap
M
K A No. con.l IM .V i-ol.t iirtt. gold P.O'AT
'

555,200

100
100
100

....

l.OOOAo

H ,8? •ooo.OOOCe.o'Ar
m .red at LOSh.Cc o*
M .(•ii..ili..toCouu BLAbr I -

I

4

I>ue.

ii

Stocks- ImbX

Win.

I

l.ooo

Brem

Rv 1st
mort $100

1"

i.ii

Col
Burl

idi "tiol.tr
RR ool.tr

RR

P.

able

-

/

,

Where Bay able, and bj

4
6.000,000
2,000,000 3*9 In '03 Vearly.
5 g. J. v
1.850,000
A
8 I
3.233
A J. N.V
7,000
4 g. J. A J.

"Too
1889

I

j

i

When

pel

6600.000
315,000

1903

,

no SUM

UN

MUea Date 81ze, or Amount
of
For explanation of column headings, Ac, see notes
of
Par
Outstanding
on tlrHt page of tables.
Road. Bonds Value.

l:*7

1

1.

Pacific

Railway

aggregating 1,024 miles:

l!<0^,

-St. Loall t.> Kamu City
-I I. on is Kiii-ni. City a Colorado ItK r
804
Chicago Hock |si„n.l ,t Gulf Ut Co.— Jnrk«t>.<ro to (i'ahani
27
Chicago Hoc* « mi. A ulfKr. Co ft v»' rt lo HoaitoD
206
Chlo K 1. » (iulf uy.— Irunrlllo to Texu»->ew Men, .. hue. nnd Chlo. R. I.
A Kl Paso Kv. Co.— Texa» New Mexico line to lucumca'l
12S
w .V Cnicknsatr KK. Co -4ra.i .or.- to lied Klver. nn.l ChlOacO llock
Island A«fUlf KT Co. -It.'l Itiv.ir to l),l a.
113
im Oklahoma A (iulf Hit. Co.— (iutbrio to Chandler, (completed
..

I

I

.

Sept

IH08

Various branches

In

60

Oklahoma and Indian TerrUory-about.

stock authorized * '6,000.000; preferred *54,000.OoO.
he stock Of the controlled companies i-sned and aoqulp
the amounts ot Rook Island Co. stock Issued therefor, follow
p. 140S.
7ofal
^Tloek ltl. Co. U»iir*.^
[btol
iniiion

I

:

UiueiL

tl'quirril.

Chicago Rock Inland A I'ac. Ht.*?."., n.oon
Si I. out. V >an K.H'.fOi... ttock. ."O.so-.'
Iti,.jio,0o0
Texas llnei lat auove)
.

.

.

To'al
Itc«crv.-d

for

OnmiMOfl

^H9,^57,400
«7. "".S'lO
f.lftO.000

I'Tffrrrtd.

|.-

ten,:

lh.D15.MJ0

Z.SOu.OOO

flX2,iyS,O'i0|105.'5.-00 »4-H,478.»0O
'Krlsco stock not deposited and com-

mission

I31.1W0.2C0

ll .-: v»'w
b ,rti 7.2 >0

Balance
Total

KW.OOO.'OO I6l.00c.000

Tbe preferred itook Ii preferred as to capital and also as to noncumulative dtvldeudfl at the rate of 4 p. o. yearly for 1903 and thereafter to and including 1908, then 5 p. c. for 1910 and there fter to
The preferred ttookboldi
19 ii. inclusive, and thereafter 6 p. c.
entitled to elect a matorl'v of the directorThe author
can only he lncrea-e<T with the oonaenl of two third- of each class.
iMviDF.xns.-IMvldends on pref., Feb., 1903 to Nov., 1808, both In1

clusive.

1

p o quar. (Q.-V

)

—

Bovnc As to proposed new general Tnortfrsge to
oago Ro.k Island A l'aclflo Ry., see that company. V. 77,
Ornoi
built

vi.

sr vt>

mknt

and Molding,

etc..

.-.-•2

\s to

-.

c irltle-.rtghts

see V. 75.

moo.

p. 1

157.
•

1

by Chlp. 951.
of shareholders, road

'

51,042; net,

I

3,014; net, 8,16!
J ly 1 to Aug. 31.
(18
Bacitlc R dway
See also st^teim-nt of Chicago Rock Island
i.r -uli-ldlary companies.
of
t
ing page: also statement-

A

on a

i

Retort - Statement for the year endlng.Iune30, lOo^. was In V. 77.
.114 miles on Jut e 30, 1903)
p. 509, abowii
not including the -t. l-oals A San Francisco, which was acquired
In June, 1903, as follows

:

9

RAILWAY STOCKS AM) BONDS.

1438
RAILROAD8

Mile. Date Slze.or
Am
Par
of
For explanation of column headings, Ac, see notes of
Oa ts tan^ g
Road. Bonds Value.
on first page of tables.

Vol. i.wvii.

[

Rome Wattrtown

Ogdensburg

<t

—Stock, guar,

100

(end.)

1855 100 Ac
1874
1,000
1885

97

1st M.,\Vat..* R.,RometoCai>eVin.,B.f..notdr'ii.e*
Consol. M. (tut. only In gold,$500,000 are 3»*s)F.c.

Ail

Oswego Bridge

Co. 1st m.irtgatfe
Syracuse Phentx AOswego 1st inortirak'e Uo ...
NorWd >v M.. nt. 1st M.,g., $360,000; $10,000 p.m.
R. W. A OR.Terai. RR. 1st M.. uold, assumed
o'

17
13
7
28

Osw. A Rome, 1st M. 7s ($350,0 0)Hnd-d M.'s.oi.
Utlca AB1. Hlv. stk,7p.C. perpet. gu. by K. \\ A ().

A

Rutland— Stock, preferred

*

M

1891
1898
1899

1900
1901
1901
1902

i

1902-03.

1,671,487

1,000
1,000
1,000

1,000

....

131

43
43

1896
1896

1902-O3.
Interest on bonds
$8,554,420
Rentals (estimated)., xl.011,010
Principal payments
1,873,000

common

$3,183,604

stock, ete

xlnclmie* tl,473,000 «er. A bonds, paid May I. 1903, part of 'sane
purchi.se »( Cnuctnw Oklahoma A Gulf Kit.; also Includes (400,100
car iru!>t certificates reuetuied.

made

:

.

Itmk Island Ac Peoria Ry.—See page 1490.
Rome A Clinton RR.—Owns road from Rome to Clinton, N. Y.,
13 miles. Organized in 1869. Leased In perpetuity In 1891 to Delaware
A Hudson Canal Co. and operated by N. Y. Ontario A Western.
Waicrtown A Ogdensburg RR.— (See Map New York
Central A Hudson River Railroad. J—Owns from near Niagara Falls to
Massena Springs, N. Y., 301 miles, less 27 miles, Richland to East
Oswego, leased from the Oswego A Rome RR. and Suspension Bridge to
Lewlston Jet., 9 miles; and trackage to Suspension Bridge, 2 miles;
Rlohland to Rome, 41 miles,* oranob.es to Cape Vincent, Ogdensburg,
Pulaski, Fulton, etc.. 110 miles; total owned, 414 miles. Leases Utioa
A Black River Railroad ($1,120,000 of $2,223,000 stock owned), Utioa
to Ogdensburg, and Clayton branch, 150 miles; Oswego A Rome Railroad ($202,200 of $214,900 stock owned), 27 miles, and Niagara Falls
Branch RR.. 9 m (arth. Watert. A Sack. Harbor, 29 m.; total, 629 m.
Lease.— In 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. o. on stock;
guaranty, see V. 52, p. 463 Utica <& Black River is leased In perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
Rutland Kit.— Controls Rutland Transit Co.. and operating steamers between Ogdenslmrg and Chicago, Duluth, etc. Operates passenger ral in- Into Montreal from Noynn Jet. over Quebec Southern and
Canadian aolno, and to Troy and Albany over Boston A Maine and
N. Y. Central A Hudson River RR. V. 75, p. 1039,
Leased, etc. —
RR. Lmri Dwnilt.
Milts.
Miles.
Bellow's Falls, Vt., to OgLines to Ticonderoga, eto
19
densburg. N. Y
Rutland. Vt.toCliatham N.Y.114
Total operated
416
Organization.- Lease to ('(Mitral Vermont was terminated in
1896. In 1901 absorbed by consolidation: BennlnsrtoD * Rutland,
Rut. ''an., Ogd. A Lake Champ, and Chat. A Leb. Valley. Also owns
entire $100,000 stock and 1100,000 4 p. c bonds of the Rutland A
Noyau RR entire £1,000,000 stork of Rutland Transit Co. and entire
$300,000 stock of Ogd>-nsbiirg Terminal Co. V 75, p 1029. (V. 78,
43
V. 72, p. 88, 822.) In 1901 W. Seward Webb obtained control.
]»
K.- In Apr., 1903, all but $199,400 common stook had been exiiuim for one of pref. V. 72, p. 439.
changed for pref. ten of
Dividends > Year '92 to '95. '96. '97. '98. '99. '00. '01. '02. 1903.
2
1
2
2
on pref.... S P.O. 4 yearly.
3
4
3
Jan.. 1
In i'.i(>3. Jan., 1 p. c; the July, 1903, dividend was passed, surplus
earnings to be spp led to Improvements. V. 77, p. 38.
Ad umiilate.d dividends on preferred said to aggregate 130 per cent.
Mmmis.— Rutland Canadian mortgage Is for $1,350,000 (see adv t In
CimoMci.Kof July 15, 1M: 0). There are also f9O0 seoond 5s, due \huh.
In 191/2 $1,500,000 4>« per eent equipment bonds were sold. V. 74, p.
728. Of the amounts shown la tin- table above as outstanding there
were In the Rutland treasury June 3n, 90S, 9500,000 Chatham A Leb.
4s, $50,000 Ogdensburg Term. 4s and $601,000 Rutland Transit 5«.
a km si.s.- For IS in os ending J ne 0, 1903, gross, $2,340,417, agst*
'27; other Income. $142,627;
f2.072.w- 1; net, $681,622, a«a

Rome

;

t

I

.

;

i

1

ii

Oharges, $726,542; dividend-

(1

p. t

:

),

$90,576;

bal., sur.,

Report for year 1901-2. In V. 75. B L029]
1001-02.
foora nid.ng Jnnsjo.
Miles operated June 30
416
Gross earnings
f2.134.382
7»;;i 090
Net eai nings
923.0 1(1
Total net Income
86.548
Deduct— Tines and rentals
491,041
Interest on bonds.
Inti rest on loans
49,012
sinking fund lor equip, bonds
33 OOO
Dlv. onpnf. stot k
(8%) 261,728
Ri-.i-okt.-

Balanee. sniplUS

$7,131.

V. 76, p. 47.

1900-01.

300
$1,933,136
674. 3M»

77o

'117

91,635
(4%i

11

Pre*., w. Seward Webb; Treas.. Clarence Morgan, Burlington, Vt.
h
.r dine,
Director*.— I'orclvnl W. Clement. Rutland, Vt.;
SO war a .1
-i.ll.urne,
llooi.'ii Mas-., .loli n
Slewurl. \li.l lleiun v. V

W

\

V.

-(V. 75,

p.

.

.

W

W.

I

'..

W

p.

II

1
I

i

I

Hird. s.

-

lton>i|..r, II

1018; V.76,

.

It.

A
A
A
A
A

8.

do
do
do
do
do
do
do
do

O.

A.
A.
O.
N.

A

Various
M. A B

7

Ciill»w») N V.
it. Cnllawjiy.l

17; V 77 .p :H, 90, 512.)

Dividend.

N. Y., Or. Cent. Station. Aug.i5.'03.m
do
do
Sept. 1, 1910

1 In

do
do
do
do
do
do
do
do

July
Feb.
Feb.
Apr.

May
May

A

A
A
A

N.Y.Nat. Bank of Rep. July
Boston. Nat. 8haw. Bk. July

(ft

N. Y., Nat.

4

g.

4 g.
4ioif

B

g.

1

g.

4

A.

g.

J.

J.
J.

A
A

A

A

1923
1915
1915
1916
1918
1915

July 1. 1922
Jan. 15. '03. 1%

office.

Mort.

1,

1,
1,
1,
1.

Tr.

July

Bank of Rep. Nov.

1,
1,
1,
1,
1,
1.

1941
1948
1949
1927
1920
1951

Men.
do
Bank. Julv
Aug. 1, '04'12
do
Oct.. 1904-17
e Wee or Boston.

N. Y., First Nat'l

do
Co.'s

Boston, Mass.
Jan. 1. 1920
0.-F.15 Troy, United Nat. B'nk. An*. 15, '03,li«
Feb. 1, 1931
N. Y., Coutin. Tr. Co.
f. A A.
Jan. 1, 1951
J. A J
M. .V s. Boston, Comp'ys Office. Men. 1. 194*
July 1. 1952
J. A J
New York.

g.
-

{«
1902
g.

J. N. Y., Central Trust Co.
J. N. Y., Central Tr. Co.
I

text. Hee text

A
A

J.

g
£ g.
6
-

A.

J. N. Y., Cont'l Trust Co.
O. N.Y.,ColonlalTruetCo.

1,

July

1,

Oot.

1,

1996
1996

RR.—

$15,342— 6%—on stook) and so operated by

SagrlnawTiiMcoIa A

Julyi5.'02,2i*
Jan. 1, 1947
.lu v 1, '03,3

Owns N.Y. State line to Oastleton.
1870, in perpetuity to Rensselaer A Saratoga

Whiteliall

Leased Feb.

(rental

M.

8.

do

.V

Iflg.

l g

4

N. Y.. U.

A
A N
A O
A J.

4!-2g.

4
5
6
4

Company's

.v

1,

8ept. 30 '03,3>s

4 g.
1903

A Hudson

Del.

Huron.—Owns Saginaw, Mich.,

to Bad Axe,
In year 1898-9, gross, $147,-

66 miles. Stock, $600,< '00; par, $100.
448; net, $45,644; other income, $5,495. Leased to Pere Marquette
RR. for 999 years from Feb. 1, 1900, for guaranty of principal and
interest of bonds (form V. 71, p. 30) and maintenance.— (V. 72, p. 88.)

lair Madison Sc St. Louis Relt RR.—Seepage 1490.
Johnsbnry 4c Lake Ctaamplaln RR.—Owns Lunenberg,

St.
St.

i

Maquan Bay, on Lake ChampUtin, 120 miles, and branch from
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. The road
operated Independently although a majority of the stock is owned by
the Boston A Lowell, leased to Boston A Maine. Notes pavable June
30, 1903, $296,' 20, Stook, common, $2,550,000; pref, $1.29-1,500;
par of shares, $50. In year 1902-03, gross, $358,767; net, $58,403; def.
under oharges, $19,866.
St. Joseph A Grand Island II j.— Link of Road— St. Joseph,
Mo., to Grand Island, Neb., 251 miles. Trackage, St. Joseph to Oower,
Mo. ,20 miles, and Oower to Kansas City, 41 miles.
Histort.— A reorganization Feb. 23, 1897 (per plan In V. 62, p.
Vt., to

Is

784,950). of the St. J. A Grand Island Railroad, sold in foreclosure.
Union Paciflo Interests are understood to be In control. V. 75, p. 907.
Stock.— Common $4,600,000; 2nd pref. 4 p. o., non cumulative,
$3,500,000; 1st pref., $5,500,000 (see table above); par $100.
Dividends (p. o.).. I 1898.
1899.
1900.
1901.
1902. None
On 1st pref
3
5
3
5
5
sinoe.
i
Hon is. -The 1st mort. interest was 2 p. o. till Jan. 1, 1899; then 3 p. o.
till Jan. 1, 1902 and thereafter 4 p. c.
Bonds for $500,000 reserved
for uses of new company cannot be issued to exceed $100,000 yearly,
and $1,000,000 can be sold only for new mileage at not exceeding
$6,000 per mile. Mortgage is for $5,000,000. See listing in V. 64, p. 1 138
i

Latest Earnings.— 2 months ending Aug. 31:
2

months—

Gross.

Net.

Int., tax., ete. Bal., sur.

1903
1902

$234,140
$44,298
$37,883
$6,415
186.143
54.071
36.904
17,167
Annual Report.— Fiscal year ends June 30. Report forl901-02»
with balance sheet, was in V. 75, p. 1029. In 1902 03, gross, fl,*
388,162; net, $451,761; interest, taxes, etc., $227,092; balance, surplus, $224,669. President, W. T. Van Brunt Treas., Graham (i Lacy;
Seo'y, Francis W. Russell, St. Joseph, Mo. Directors Oct., 1902, V.
75, p. 907— (V. 76, p. 159; V. 77, p. 398.)
St. Joweph South Rend A Southern RR.— Owns South Bend,
I ml., to St. Joseph, Mich., 39 miles.
A reorganization of the Indiana
A Lake Michigan Ry., foreclosed and sold Deo. 8, 1898. V. 67, p. 1263.
Stock, $500,000 common and $250,000 5 p. c. pref., to be held for
five years in voting trust. Leased to Indiana Illinois A Iow a RR. for
50 years from Feb. 23, 1900; 5 p. o. per annum on pref and 2 p. o. on
common are paid Mar. 15 and Sept. 15. No bonds.— (V. 73, p. 554.)
st. Lawrence A Adirondack Ky.— From Malone, N. Y. (on
Mohawk A Malone) to Adirondack Jot., 56 miles, oonnectlng there with
he Canadian Pacific at its St. Lawrence River bridge, Montreal
Dividends, 2>a p. c, paid Sept. 1,1901; in 1902, March, 2Vj p. o.;
In 1903, July, 3 p. o.
Current liabilities June 30, 1903, $83,194;
equipment trusts, $79,843.
In 1902-8, gross, $269,697; net, $153,C07; other income. $612;
charges, $81,892; bal., sur, $72,327. In 1901-2, gross, $241,782;
r

net, $87,987.
St. Lonli

President,

A

W. Seward Webb.— (V.

75. p. 794.)
70, p. 532.)

RR.— See Mobile A Ohio RR.— (V.
Reno A Weilern Ry.— (V. 77, p. 350.

Cairo

St. LotiU i;i
St. Lonln
Gulf Ry.— Extends from Cape Girardeau, Mo., southerly to Leechville, Ark.. 120 miles, with branch from Cadgoa via
Campbell to Caruthersvllle, 55 miles, and other branches, 37 miles;
also Lad under construction from Maiden, Mo., to Clarkton, 8 miles;
total of all, 220 miles. Consolidation May 1, 1902. V. 74, p. W38, 1039.
In Nov., 1902, oontrol of the road was sold to the St I»uis A 'an Iranoisoo. V. 75, p. 1148. Stock authorized, $6,000,00o. Debt, $1,155,000.
-(V. 74, p 038, 1030; V. 7o. p. 4:»W, 1148, 1355.)
St. Louis Iron Itlt. A South. Ry.—See Mo. Pac. Rr. System.
Colorado Kit.— Forest Park (St.
St. LoiiIm KaiiMn City
Louis) to Rivi-rviow, Mo.. 13Hm; branch, 3 in.; trackage, Forest Park
to Union Station, st Louts, 4 m.; also almost completed westerly 42
miles to and beyond Vers alll. s. Mo,; oontraOt let thence west to Kansas
City, 120 miles. In May. 1902. the Chicago Rock Island
Paelfio Ry.
acquired the road and Is extending il to Kansas City under charter of
'•;
V
Kalis. ,s Oltf A BOOM Island.
V. 74, p 938; V. 78, p 188,
i.ooo; outstanding Apr.. 1902, $1,939,794. stock author
BOO par. $ion. Bonds are Issuable at $30,000 iter mile of mainline.
President, Win. H. Leeds. Chicago, 111. - (V. 75, p. 78, 136, 7'.»4.)

A

A

A

;.

$l.r.

.

Kiitland

in

;

W

M.

jr.

A
7

40O.C00

Choctaw

Officers.- President, W. B. Leeds; Treasurer and Secretary, D. G.
Reld; Assistant Treasurer and Assistant Seoretaty, George T. Boggs.
Directorx-W. B. Leeds, rt'm H. M "ire. I). (J. Held. K L. Hme. Geo. G. McMnrtry. A. 11. Flower, Geo. S. Brewster, D. G. Bolssevain ami >«<len Mills,
New York it. H (able. James II Moore and Marshall Field. Chicago B. V.
Yoakum, II. C. Frlck. Hlttsbure, Pa.; Geo. T. Bokks. Bast Orange. N J.
Kliisiioe CommitteeK. Moore. Chairman; W. B. Leeds, 1>, G. Reld.
J. 11. Moore. V. L. Illue and Marshall Field.
N. Y. offloe, 71 Broadway.— (V. 77, p. 299, 350, 509, 824, 951.)

A.

255.700
1,000,000
768,000
2,500,000
1.000.O00
5,500.000 5 In
3,500,000
1.615,000 See
HX1.000

RR.

F.
F.

5
B l

:

Vt., 7 in.

A.

6
6

1,400.000
15O.000
1,000.000

1,000
1,000

M.

5&31*

379,<>00

100

Q.— F.

5
6

4.40O.0O0
1,350,000
500,000
500.000
500,000

"Too
251

Balance for stock ..$5,231,212
Total income
$16,669,642
Dividend on Rook Island Co. of N. J. preferred stock, 4%.
2.017,608
Balance for

3,4

100

7

66

Bt.G Matt. <t8t. L.Beit.— l6tM.,g..$80O\OOO,r'(LSSt.O'
St.Johnsb.it L.Champt.- 1st M i$l .32s.OOOgu.)g.o"
St. lohns Kiter Term.- 1st M. +2,000,000 N.
St. Jos. it Or. III. Ry. —1st pf. stock, 5%, non-cuin.
Ceo'&r
1st niorrgatre, gold
tinmduck Ry.— Stock, $1,615,000
8t. La
0*
1st mortgage, $s(Hi,000. gOld.ro
2d mortgage, $400,000, gold. Co

$4 4,3" 6,61
14,!i98,155

1,006

1897

,

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

1900
1901
1894
1902

59
59
58

,

1

|^X^a?a ole

pal.When Due.
Stocks— Last

*

4»«g.

.0,000
9,057, 600

100

"**"

6

$10,000,000
417.800
9,576,000
100,000
175,000
130,000
375,000
750.000
1,103.000

1,000

1900

Beunltig A Rutland- 1st ref. M. ir a-s
i|.\j' r
2il M., gohLaSSUm., sub), to ca
alt. 1901 Co o"
Chat h. A Leh.Val. 1st M. $500 000. g„ p. A .i-'U S
Ei|ulpment trusts, g maturing (33.000 yearly
Equip, tr. $1,500,000, g., $10(1.000 y'lv.A Hc.tr
OKdenBbnrg.Term.Oo M ,lnt.^u..«.f flO.OOOyMy
RutlaudTraiisit 1st M.not guar. (V. 70 p. 534)011
Rutland <£ Whitehall RR.— Stock (no bonds;
c*
Sag. Tuscola >t Huron— lstM.,g.,grJ .p. .VI .end. Co.

..

100

1890

43>n

.

Gross earnings
Met earnings
Oth.r income

1,000
1.OO0

•65-91
'68-71

150
150
120
120
127

B. R. 1st M., $2,000,000, g., gu. p.. VI t e.o
(for OOD
First consul, mort. for $3,500,000, gold. Us c\tr
L. Ch 1st M., $1,400,000. it. a-Mi <>...•
Ogd.
Rut. Can.— 1st
ic.. assum., $1,3.0.000 oil. o*

U.

1888
1886

»

boiuu— rrinoi-

LNTERKST OR DIVIDENDS.

-

1

'

M. I.ohIm lltrnplila A SoutlicaxK rn Hit.— In extend
from St. I^iuls, at I onin-< tlon With St. LouIh A San liali. RR., to
Luxora. Alk. with branches, in all about 120 miles, forming 'n connection with the St. L A S. k. ku., the shortest Una between Birmingham Memphis ami St Louis. Of this, 325 miles are completed, and
balance, irom (ape (ilrndeaii. Mo., to St. LoUlS. 120 III., to 1)0 0UD1I

pl.

t.d .luring 1908.

V. 73. p. 291.

1

KAII.BOAD6.

139

I

BtttttlM

Miles

column headings,
tlrst page of U

or

oil

.

RAILWAY STOCKS AND BONDS.

Oct.. L903.]

For explanation

.

Date

Blse, or

..(

of

Par

Ac., see note*

Amount

Road. Bonds Value.

91,000
l.OOO

and by Btoeks— Last

le

1 "

9135.000

8l.Lou.il Ilridue 8ee'I> KM. RK. Ahs'n OF*/!
Louis it (lain > See Monil.i, A Ohio.
Louia <* 'iitf Bt, L Ken a BO 1-t M.,gold..c*
PeilllHC.Dt DlV lMt IIMII'l/Hge, gold ssi
Ken net t a >so. Kit. 1ki«,k, int. rental 881
ht Francois Valley, 1st
gold, IntL rental.

When Dne.

pal.

o^.

Outstanding

Payable

Whou

A
A

.1..

Dividend.

I

Bt.
«l.

2<>

,

1891

25

6g.

LO

105
,| 0,000,1*00, g S,i
1st M.. 91 3.000.000,8 red lOSoBo*
Bt. Louis Urrth. Br. Term.- Isl.M.k'U p.AI
k-.ssi
Merou.B'ge lei M, red. aft. Feb.
1909, at U0.S8I
Bt.L.ttSo irk -lat M., g., 925,000 p imimij*
Bt. Louis * .Sun Fran. Com. itOOk, *ii4.0OO,OO0 1,691
1st preferred stock, 4 per cent, nun cum
1,691
2<1 |>f stk v. ii. en. 981,000,000
1,691
K.C.K.8.
I) ef.stocK ir.ctts.,9l5.000,OOO.gu.
O.A K.I. com. ftk.tr. ofi ,*7,2 7. oo.g.gu re.p'r «>i
do j>r. f
do 96.880,700, g.,gu., red. par.Ool

1901
1902

,

Other bo ci« etc., assumed
Kansas <* Northern

St. Louis
Bt. L.

Kan

Bt.L.

City.t (id.

1-1

-11

M

,

AM

Refunding inort (COld. 985,000,000 Ho.
New OrLext, puroh mon eoL tr.M. 98,750,000, g
K.Btk.fcu
tr. notes secured by St. L
,

OolL

BONM

IIMIKKI.1

IV'.

1IKKI

Mo.A
Bt. I*

A Hun F

mortgage (now

2.

294
82
104

1st),

col. trust gold, s.

591

mas
NIMN'.

Merles A, B A O, gold
W. DIv 1st M.,g.,.f5,OOOyearlydr.at 105.

2(1

f.

notdrawn

.0"

IJa.o"

Gen.M.,kf.iUti>n:{t;r. in.if:i,i Hi.OOOarbt;- i s
'57
Collat. Trust im rt. on brunches, gold I n
.c*
OonaoL mort.,950.ooo,ooo, gold, ao opium ti«- 1.902
.

I

1876 100 Ao.
1.000
1879
1,000
1880
1881
1,000
l.OOO
1887
1896
1,000
1.0O0
1897

laudlUK stock. V. Tt. p. 1088,
18.
H..MIS. Of the 1* of 1902 (present Issue limited to 98,530,000) 95,000,(K)o were underwritten i>\ New York, >t. l^mis ami Boston
capitalists.
In hept
Arkansas
1902, only +S7.000 South Mo.
bonds remained outstanding. V. 74, p. 207, 268.
Ofkickrb.— President, B. F. Yoakum; Vice-President and (ienerol
Manager, B. L. WlnchelL-(V. 75, p. 291, 1088, 1148.)
1

A

St. Lonli rtl frc ha ut s> Itrldice Terminal Ity.-Oroaniza
TION. -Double-track road from near Union Depot, via Main street Hall
Street, Ac, to Perry Street, Opposite the Merchants' Bridge, 7 miles. It
owns and controls lie Madison 111. A 8t. L. Ry., connecting the town
of Madison and l-.a-t 8t. Louis, 8 miles; total, 15 miles. leases Merehants' Bridge for Interest on the Bridge Company's *2, OOO, OOO bonds.
In Aug 1908, tbe U. 8. Government claimed that the charter of the
Merchants' Bridge By. was forfeited on the ground of unlawful combination. V 77, p
Stock authorized, $3,500,000; Issued to July 1, 1899, 92,939.500;
On Dec 31, 1900, there was due to Terminal KK of Bt L
ar. *100
1,008,489 for advances under its guaranty. In Nov.. 1893, Terminal
:K. Association of St. i/ouls acquired control of this company and
guaranteed by endorsement the principal and Interest of Its $3,500,000
first inort. bonds and the interest on $2,000,000 Merchants' Bridge 6s.
The 6s are subject to call after 20 years at 110 and Interest.
Earnings.— Year 1900, gross, $762,510; net over taxes and rentals,
188.344; interest, $193,270; deficit, $4,926.— (V. 62, p. 3«2; V. 77,
p. 299.)
North Arkansa*
M. I.oula
Hellgman, Mo., connecting
with the Bt. Louis A Han Francisco Ry., to Harrison. Ark., 6Hv» mile-;
.

1

.

KK.—

extension from Harrison to Leslie, 60 mlles,was completed In Oct ,1908
fa Dee.. 1909, the Leslie a» Bonthiem Ry. wa< incorporated with $3.000,000 capital stock, by the same Interests, to build hi e.Men-ion
from Leslie south to Little Kock, Ark., 120 miles.
Huccessor by imrchase Feb. 1, 1900, to Kureka Springs Railway.
The tlrst mortgage Ol lDOi) was to secure $3,212,500 5 p. c. gOM
bomls on i<n:lre proposed llni> of 12Ss, mllen, at $2 5. OOO per mile.
er plan V. 09. p. 045. Btook, $1,712,500; par. $100. For calendar year
aver, miles), ifross. 9218,132; net, v;;
.900; Interest. $s5.625;
taxes, 96.743; baL, def $«,4«.». President, lohn BenLUn, su Louis;
Sec. and Mur., (..o. West. Kureka Springs, Ark.— (V. 73, p. 900).
*t. Loiiln A sail KrancUco
1 8ee
Map.)— Road.— As
shown by the map, the system embraces: flsee this Co.
idle*.
Line* otrnext
'>^< r, fiiirpi a lent y -( Omi.
8t. Loola, Mo., to Re<l Rl v.. I T.
567 Port Worth A Bio (irande.... H196
BprliiK'tleld. Mo
to Kuoche
Red RIv.Tex. A "outh (I110L
Jet. iKan OltJ ), Mo
186
31
track to Fort Worth
89
Monett. M.».. to Ok. Clty.O.T. 261 Paris A (Ireat Northem BR.
17
Bapulpa, I T.to Denlson.Tev
St L San Fran. A H Orleans 165
PeirceCltv.Mo..t4) Kllsw'h.K. 898 St L. S.m Fran A Tex. By..
15
Ashdowu, Ark. west
160 Okla City ATexiis By
9
Beaumont. Ran .to Bed River 3 18 BlaokweD Bold ft 1
13
Branches In Missouri. Kan( hloago ,v K.i-t. ru Illinois. .. T748
sas and Arkansas, etc
234
Total Mar 31. '03, (IncludTraekaat
ing 151 miles trackage) .4,644
Kuoche Jet. to Kansas City..
4 fSt, l.ouls Memphis A S. E.,
Leu st il
since aoqalred. to be
414
K.C Ft.S. A M. andtrackage.il 853 1 st. Louis >v- Oaif, to be
261
Operated itiiteftettdentty —
Birmingham Bell BB
16
Kan. City Mem A Birin
286 Ozark A Cher. Cent., to be... 400
Top. A Santa Fe the Khu. South
Ii Also owns jointly with the Atoh
western By., Arkansas City to Anthony, Kan.. 59 m. In Jan.,
onlonof oertan of the controlled oompanies was prop
pi :».
In Apr 1908, the Oklahoma
lt\ A Western K>..
n from
Oklahoma city southwesterly to Qnanah, Texas, 184 miles, was completed. The Birmingham Belt BR, owning 16 miles of track around
Birmingham. A a., was purchased; also th. 81
Orleans Ry Hope Ark.\ to Anliuore. Ind Ter , 223 miles. 00m Dieted
"
In M.i\
V. 74. p 1D'7; V ,6Vp,
74
.5.0.75. 848
An extension b pro
pom-d from Si. Ixmis to sindby ville, 111., 96 miles, at a connection with
.

KK.—

—

)

'

,

m

1

.

5

A

J

A

J

A

F.

,

A

The entire sto k of the St. Lo Us Memphis
> 11s
Southeastern RR. was
a'i|uiredtnNov., 1902. See separate statement and V. 75, p 1087,1148.
In J (l\. l'.tiM, actjinred the Ozark
Chcrok.
(Vette
ville. Ark , to Okmulgee I T., 144 miles, with extensions under con
structloii from Ka> etteville to Jasper. Ark.; Okmulgee, IT. to Okla
horn. i.O T.. and Muskogee. I T.. to Ft S uilli Ark total to be 400m.
In July, lv»( 3, the Chicago St. Louis Memphis A New Orleans
(Which seei, cont oiled by the Bt Louis A S
PranolBOO was about to
be orgsnised to form a uew noitli-and-south trunk line i>v uniting the
following st
*> 8. F. subsidiary companies, vis: Chic. A
Illinois, s; Louis Memphis a Bontheastern, 81
Louts A Qulf
Louis Ban r ranolM <« a New Orleans, sad oonstrnotina 3
miles f r ,.m
Memphis (-outh to Ft Adiins, thence ieachin New Orleans by Illinois
Central trackage. IOO miles
a OOBSOlldated moil tgewlll be made
by the new company for refunding the bonds ol c«nstitui ut proi
and other purposes. V. 77. p 38. 148; V. 7o. p 1 144.
A trackage sgreement ha- been male with the Cleveland Cincinnati
Chicago A St. Louis, by which the latter will bn Id a MM( lie cut off
between HllUboio, 111., and Mitchell, near St. Louis, and the Chic

A

;

6

0,1

U

1

.">

A

M.

g.
k.
g.

6

F.

A 6g.

-l.OOO 5

439.0O0

5

1,558,000

4

g.
g.

B

g.

829, ono

*g-

146.000

Y

1.

1.
1,

111.

..

Morton Tr A
Oomp*T*i

July

1,

1991
1953

L>et

l,

i.<30

Feb.

1

i

.

A. N. Y.,Fanu.

UA

1914
1917
1919

I

g.

6

i!n;.ooo

Kel,.

Apr
Juue

...

I

2,050,300
181.000

A

A
A
A
A
A
AA

<* mailed.

Oct.

do
(

'

J.

I

<>3.

hecks mailed.
do

1.

Nov.

l.

1942

Nov.

l,

All*.

1,

Auk.
July

l,

1906
1919
1980

J

York.

NY., Mercantile Trust

v

l.

July

N. Y., Morton Tr. Co.

New

l«b

1942
1941
1U51

!.

N. N. Y., Mercantile Tmst
A.
do
do
A. N. Y.. United States Tr
J.

1,

Kept.

N. Y. Merc. Trnxt Co.
1

1

1

Oct.

l.

Oct.

l,

Apr.

1981
1987
1998
1947
1929

1.
l.

.Inly

O. N. Y., riiion Trnal Oo
J. N. Y.,:Mercantile Trunt
(>.
N. Y., Mercantile Tr. Co
O.
do
do

l.

e outstaiidin
ng.
'

I

I1MT

for unrte rlvlnic b

.
:

onds deposited as secur

Ity.

see tart.

Will buibl 20 miles from l'aua, ill., to a Junction with Its own
Hue. thus affording a through Line to Chloago
v*.7fi, p 1087
1903, the 81 Louts Sao Fran.
Texas Ry.. the stock being
all owned, acquired various controlled reads in Texas. 1m hiding Ft.
Worth A Bio oraude V. 76, p. 159. Controls Ozaik A Ohoroki I ('• I
tial By. See that Company.
Oko anization—Organized June 30, 1896, to succeed to the pr party
/ company so d In foreclosure and reor.
and franchises of
per plan hi V. 62. p. S2l* and 1140 see also p. 742. Central Division
Atl. APae.. 112 miles, was purchased In JUl]
V 65. p. 150.
Of
1897
In May, 1908 the Bock 1-1 did Co acquired $
808,000 common stock, the latt r receu ing (pi
In ootumon
stock of the Rock Island 'o and $(!') in
per cent cold boi ds of ;) ;i.
or th(< OhloagO Kock Island A 1'aciilc RK. See these companies, V. 76,
K.

111.

mam

A

in s.-pt..

'

—

.">

l

P. liis(;.

is

l

l

,

Tne New Orleans Terminal Co. was organized Jointly by the St.
and vol;
A Han Francisco and Southern I.
gold bonds (pros-tit amount +3. Oil, <><i<> which will he guat an-

Louis
p, c.

.

A

ted

Joint iy by the Chicago St. Loots Memphis
Now irleant i.
the Mouthern By., or i>oss uiy one of the latter's subsidiary eompanlea.
V 77. p. :<s V. 76. p. 1144.
The Kansas City Fort Scott A Memphis Ry., extending from Kansas
City to Memphis, Tenn.. with branches, a to'al of H."«4
miles,
was acquired In 1901: its entire stock is owned and road leased for
Interest OB bonds and 4 per cent on preferred stock trust certith ates,
the new refunding bonds being guaranteed. p> luclpal and Interest.
Baal c. Fort Boott Mem. In this BUFFuntam ami v 72, p, 438,
532. 581,1238. In May, 1901, .-(Miulred oxer 90 per cent of the stock
of the Ft, Worth A Bio Oramle By.. Port Worth to Brown wood. Tex.,
146 miles. Control of Chicago A Eastern Illinois, 747 miles, was acquired in Aug., 1902] see bal >w
As to Seaboard Air Line, see that company.
Stock.— In May. 1901, an luorease in the stock from 950.000.000 to
8100,000,000 was authorised ($15,000,000 of the new -took being 2d
pref.) In connection with the authorization of the refunding mortgage,
in order to comply with existing laws. V. 72, p. 723, lOsl.
The
company reserves the right at any time to redeem
either or both olasses of its preferred stock at par In cash. Provisions
of the pref. certificates were In Bt;i tllmknt of April. 1897. page 6.
Dividknds.—
1902
1903.
1897 1898.
189».
1900. 1901.
First pref
2 p. ot. 4 p. ot. 4 p. Ot. 4 p. ot. Below Below Below
Seoond pref
1 p. ot. 2 p. ot. 2 p. ct. Below Below Below
In 1901, on first preferred. Jan., 2 p. c; July, 2 D. c: Oct 1 p. c.;
Jan., 1902, to Oct., 1903. 1 p. c. quarterly (tJ.-J.i; on second preferred,
Dec, 1 p. c; since lo Sept., 1903,
1901, Mar., 119 p. c; Sept.. 1 p.
InoL, 1 p.c. quarterly. In latter half of 1901 dividends ou both preferred stocks were ouanged from semi-annual to quarter! j
Boni>b—Consol. mortgage of 1896. see abntraei In V. 64. p. 186.
Ilie refunding 4s of C.tOl are limited to *85.000,000, of which 962,500.00O were reserved to refund the underlying bonds and the remainder for extensions, acquisitions. ImiTovenieiits. etc
On July I,
1903, 936,623,950 Of the 951,870,750 Old bonds, including the entire
the Kansas Oity Division <i 17 milcsi and st. Louis Oklahoma
A Southern Ry. (8 «pulpa to Denlson. Tex., 197 ml esi together with
,000 l-rt Worth A Rio (irande By stock, had )• en deposited
under the mortgage; when the remaining 915.24d.siK) are exthe refunding Issue will become a tlrst and only d!
collateral lien <)' l!»o2 miies of road. Of the underlying bonds outDg 82.05O.3O0 (tlrst mortgage on the line from Pad 04 to
Seneca and branches. In all 2;»4 milesi mature
190(1 and rl u>2,500
are subject t<> r. demptl >n at the oompan] 'e optl mi on short sol
The underlv ng bonds, v. hlch ha\ e been deposited as addition,.
It v
under the refunding mortgage, and which are therefore kept
alive, are as follows:
a 11. a c. «s of inort
sjjjsjajon phi 1 nil Is
»i.st7 0oo
;

A

.

.

r

1

m

I

Mo.* w. Dlv.
W rh. A
I.

6a

-

West. «•

.

1

•'

si'i

ity
CltT OlV. 4s

(all).

-

1.6H

k a

.

..

1

do
11*1000
<n Bur. Br. 6a..
van. inort. an of ls«tL
4.12^0,^1

Nir(hwe»U

4.1

:<a (all)..

•

DlT. 4s

:t\

,noo

5o0
?sn

T08) 4.600,000
.">« of isht
tiwesi. Dlv.

Trosi
s.,,iii

'

eoo/K»

Bel

Hit,

r

3i

11

.78,

1

n71.oO(

fce

leans eitenston porobase

money

thorlsed Issue
of the st. l.ouls San Kranei-,
(
hocta» Ry.i.mo th completed from \
223 miles, with extension from Ardmore to

BR

m

II

I

Mo.

Is,

1).

n.

J*

2,000 ooo

A.
O.

100
>.-.• lex)
5. OOO
100
4
100
16.000
See text He* t««x1
X
A g.
IF
100
18,510 ,000
4
st-JlO g J. A J.
100
7.070 .(Mil)
100
Q.-J.
4,148I.5O0
4 g. J. A J.
1901 1, OOO Ac a52,717'.OOO
Bee te xt
4 g
1902
1902
4 g. M. A N.
1,000
4,000,,000

Oko vnizition —A consolidation In January. 1902. In Nov., 1902,
8t. Louu a 8an k anolsco aoqalred the entire +10,000,000 out-

A

&

J.

g.
g.

4

(tl

tbe

,

,OoO
,ooo

1900

Southwest div U.91.5O0,O00rad.atpar,g Cae"
112
103
l.OOO
Cent im iitM., gj3.462.000jed.at W^a.Co.o'
1899
* In Kept., 1902, 887.000 Boutbero Missouri A
Arkan sas bo nrts wer
a Exclusive of $3,303,000 additional in treasu ryonl eposll ed In sp

1

g.

4

3,030

1,000
1.
Ac
SOO AC
1.000

,

,

1

g.

Kr

rftf

if

J.
J.

A.

50.000
740.0OO

l.OOO

1890

i

P.

6
5

160,1

<

coll trust 4s of

'

the stock ami
(formerly Arkansas
T to Mop-. Ark.,
Law ton, a total of about
e

A

1

.

1

14^900,000 forty year
'

.

of

N

4

per cent collateral trust notes of 1902

Y., trustee!

I

by deposit

(912,500,000)81 Louis Memphis A S
theastern st
to call at par at any time, begluuh g July 1, 11104, on 30 days'
Jei
V 7.-.. p 111-.'
As to Birmingham Belt RR. bonds. sc« V. 7.\ p. 114x.
Okskk u Kin 0CK8- Astonew acquisitions in 1901-2 see "organization " and "•Road" above
common and 94.143.500
In Jan. 903, »7.O70,0<
M 6 »7,81'
of the *6, 830.700 p
ilcago A KasU rn Illinois BR stock was
aoqalred, th<
log in exchange U- stock tru-t oertitlcat*'*
at tne rate of S250 lor each *1()0 shire of eoinmon stock and t
eacn flOO share of preiened stock, upon which 10 and 6 p. o. dividends.
t

.

.

RAILWAY STOCKS AND BONDS.

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—

4

RAILWAY

Oct., L903.

AND BONDS.

>CKS

ST<

St.

Loula

A

Kan Fr.— lOm.l- N W.

I)lv.

M

.Wleii.A 97. 1st IL.Md.kt 105, go
R. (ir 111 M., g old 5s, int. red
Blr. Belt st M
g.. red lo2si. gu \> al.end.OB
St.

I.

145

|

P.Worth A

,

FtR.*v.B

Bridge

Chloago

M

K

Lai

,g .dr.at

i

,

I

.V

do

g.,

'I

6
4

ooo

g.
g.

>J.

A

N.Y.,M.B.Holliii-

1

4

000

A

O.

A

D.

5

,v

.

4 g.
5g.

(M)O

A

.V

.v.

600. OOO

6

£

983 360

5

J.

1883

56

1,000

1,120,000

6g.

J.

1,000
1.000
1.O00

250.000
860.000
300.000
2: o.ooo

1*9

t

lat M., $21,600,000

g.,

guar.

p.

A

12>-j

687
25
165
60

<end.).Ce.o\tr

1.

San Diego Vuuamaca it Kn.it. Ry.— lut uiort., |i.n«
San Fran. <£ No. Pacific— \nt M., gold, a. f.Me.O'ar

g.

A

.1

A
A

Oal. Northw., 1st

M, $2,000,000.

gup A l.,a.f.

g..

Man Fran. J 8nn Joaquin Vat.—See Atch. Top. A
San Fed Lot An. <t 8 Lake-)nt M.. $50.000,000,g.

Santa Fe CenrraJ— 1st M., $2.5oo,ooo,g. PHI
Santa Ft Fret.it I'hunts 1st M .$5,ooo.0OO.g. ?!«

190.2

1892

198

0'

A" 8.

A

respectively, are paid. «ee Chicago
Eastern Illinois on a preceding
V. 75, p. 291, 393, 1031.
Stockholders or record June 30, 1901, subscribed to $11,650,000
4 per sent gold refunding mortgage bonds of the Kansas City fori
Scott A Memphis Kv due 1936. guaranteed principal and Interest »>the Bt
A 8. f., and $13,510,000 In 4 per cent preferred stock trust
certificates of the K. C. Ft. H. 9 M. Leaned against the preferred stock
deposited In trust. V. 72. p. 1238. See K. C. Ft. S.
M.
Eahwinos.— For 11 months, July 1 to May 31:
Otfier
Orott.
Net.
Oharget
Balance.
earning*.
11 mot.— earning!.
<* tnxft.
turplut.
ItMOVM.
1902-3.. ..$29. 392. .£90 $10,945. »03 $350,033 $8 669.199 13,626/737
1901-2. ... 25.661.150 10.207,470
265,916
7.636.483
2,846.908
Road operated 4.394 average miles In 1903, against 3.974 In 19o2.
Annual Rki-okt.— Report for the year endiriir June ;-(), 1902, showing operations of system, comparison being made with same lines fur
preceding year, was given at length In V. 75, p. 852 to 856 and -.1

page and

I

L

A

Tmt ended June 80—
Average miles

1902.

Total net Income
Deduct Interest on bonds
Rentals of leased lines

1801.

3.252
$21,620,882
8,148 410
197,162

Orosa earnings
Net earnings
Other lnoome

$19,824,279
7,914.892
1*6, *0S

$8,345,572
3,191.720
2,134.069
360,759

Taxes

$9,101,200
2,5*'

1,887.672
888.074

dlaneous
81,54 6
Dividend on 1st preferred
(4%) 189,743
Dividend on 2d preferrad
(4%) 605,539
Dlv on K. 0. Ft S. A M com. stock
•

Expended

for construction,

(4%) 200.0t'0
(2»»%> 400.000
(4%) 395.920
220,619

Ao

Balance, surplus

$1,472,197

Offickrb— Prealdent,

B. F.

$1,997,159

Yoakum; Vlee-Pres, and Gen. Mgr..

L Wlnehell; Vice-President and

B.

(icn.ral Auditor. Alexander Douglas;
Vice Pre* and Aest, (Jen. Mgr., »'. H. Beggs; Secretary and
Frank H. Hamilton; Comptroller. Asst. *.c. and Asst. Treas. at N e a
York.C W. Millard. N. Y. ollloe. 5 Nassau si
DtmaoruBa lOet,,] o;f» J. A. Blair, D O. Reld. Mark T. Oox, T. I*
Hlne. \V. K. Blxuy and J. T. Fulton of New York; W. II. Mooie.W.
B. Leeds and J. M
ICOON Of Clileago; Nathaniel Tliaver. Benj. I'.
Cheney of Boston. Mass.; H.
Pierce. B F. Yonkuin. JimM
bell, st iy>iiis. Bxeoutlve Oommlttee, Jamea v B air. .i»m.-s campurn ii. Mo.. re. Wi.iiain B. i.. eda, Nathaniel Thayer, n.
bell, \s
lar
Pierce and B 1'. \ oakum -(V. 77. p. 350, 629, 770, 95 1, 1999.)
II

t.

(

I.ouIk

sun PihikIhco

Sc

Texan

lij. — (V. 76,

p.

159, 752.)

LuuIr Soillliw «»leril Hy. — (Srr Map.)—
ST. LOUIS SOI lliw v PKH5 KT. CO.
ST. LOCI9 BOLTIIW. B1
Main Lln»— Citlro to Texarkana. 4189 M tin Bine— Texarkanato
St.

1

I

New

Madrid Brunch
ilal II anch

I

<1 7

Shrevepuri Branoh

(;»tesT.3^«

tl

5W3

|

Total of

all

opertted mileage Jnno

Alco has

St.

Louis Iron Mountain

\v rtli Hraiich
DkIIud |lr«n li
Slicriniin Branch

ftTa
TJ

Ml laburo llranch

S's
8CH

'

StutU'iir! Itruich
Little ltoi k Hrnnch

4"

I

Lot kin Branca

g.

5g. A.

g.

Earnings.— 2 mos.,

1.27V-0

Southern tracksge, not Included
,

>

i

em

&

,

Organization.— Reorganization per plan In V. 70, p. 141, 561, of 8t.
Arkansas A Texas, sold In foreclosure In October. 18«>o. The
Louis Southwestern By. of Texas on July 1, 1908, purchased the
Texas A Louisiana RR.. extending from Lufkin. T.\ to Monb
mllea. and wl,l ext<Mul to a point at or ue.ir Newton, a distance of
70 miles V. 76, p. 1086; V. 77. p. L33S
lionis

St.

,

ST'ick.—Stock Issued, common, 916,600,000; authorized amount Inereaaedln 1902 to $3*..Oo0.0O0; pref., 5 p. c. non-oum.. •20.<"
of which In treasury June 30, 1903, common, $143,900; preferred,
8106,350. Par of sh, res, * 100.
Bonus.—The firtt mortgage oertlncates are Issued against a like
amount of first mortgage bonds secured upon the constituent lines at
a rate not exceeding $16,500 per mile, and the aeoond mortgage certificates against second mortgage bonds at 98,250 per mile.
The tlr-t oonaola of 1909 (author!
000 OOo), arc secured
by all the property of the eompanr, anbjeol to the prior outstanding
bonds. Of the amount $6,000,000 were issued to retire $1,70«'.000
equipment bonds and other oapltal requir.
'0 were
reserved to retire by exchange the 910,000.000 second mortgage
Income bonds tof which $8,727,500 had oeen acquired in July, 19oJ).
and the remaining $10 000.' 00 are ieserved Tor the acquisition of
branch lines at not over $20,000 per mile, acquisitions and improvement. (V 75 p. 136) See V 74. p. 328, 578
\ \ 75. p 7:<o
Gray s Point Terminal guaranty In V. 6!>. p 1062. St. L. So. W. owna
all stock and leases road for fifty years.
413.)
(V. 65, p.
•

I

r

1

1

1947
1919

..

'

.

1

N. N. Y., Central Trust Co.
\
St. Paul Trust Co.
Salt Lake City.
J.

May

1,

1990
1944

Jan.

1.

luia

97.

May

I

N. Y'., Cent. Trust c.
J.
J. 1 percent pd. in 1901 2
J. N.V..25Broad,A KrkTt

San Fran. A New York

O.

New

J.

York.

N. Y\ Mercantile Tr. Oo.

Jan.
July
Jan.
Apr.

1,
1,

1,
1,

1948
1W18
1919
1928

July 1. 1958
1942
B«pt 1. 1943

1902-3
Gross, $1,142,027; net, $325,421
dross, 1,056,371; net, 221,978
$1901-2
Annual Rbport.— Annual meeting Is held at st. Louts, Mo, on tlie
Report for 1909 OS was In V 77, p. 1393.
first Tuesday In Ootober.
rear ending June SO—
1902.
1901
l: no
1908.
$7,27f ,575 $7,267,'. 60 $7,387,174 $5,908,284
Gross earnings
Operating expenses... 5,256,161 5.173,066 4,63 2,893
4,151
NetearnlngB
194 92,754.282 61.752.211
$2,022,411

July

to

1

)

Aug. 31.

i

(71-18)
(62-72)
$2, ls:i.2 13 $2,836,478

(72-21)
P. o. op. ex. to earns...
Tot. net, Inol. other Inc. $2,205, 01

Taxes

161.750
1,297,200
130,460

Aeon, morts.
on 2d mort. bonds

(70

$1.17.896

155.771
800.000
380, OOO

196,619
814.848

151

800.000
400.000
360.0<»0
Equipment payments..
385.413
Rentals, eto
59.143
51.928
81,1 1^
Bal. over all paym'ts
$564,375
9888,190$1,174,974
0,293
Officers.— President, Edwin Gould: Vice-President and General
Manager, P. H. Brltton; Treasurer, iL K. Wariu
Krheldlng.
»ln Oonld, Irnngii.ii. N.Y
It. M. GhIIhwht. 'I'luunaK T.
Director*.— Rdwln G
Wln.Lrn S. I'l.rcc Willi mi H'lmlir ichI B. T .li-Hcrj. New Y..rk: Murray
Int-onjlst

Int.

;

rarleliiii. K. II

oiticc.

id.-)

llrittun hihI t'lia

Broadway, n

I

LoOU.
1349; v. 77 p

St.

I

76.

(V

p,

m. i.oiiinTroyA BaaternBB.

ECael
'oliinsv llle. Ill;

-.10.

299.951.
Troy.

in., to

i.ou.s.

st.

1
mile, to <
t 'till,
18 miles of road
Stock, 9360.000, all outstanding; par of shares,
of track*
to oall at p«r after 1904. Pre*., Edwin M.
Conrades; s,-c. ami ireis., Julius L Wlnkelmever. OMlce, 314 North
Ith Street St. Louis, Mo
(V. 70, p. 126; V 77. p. 251.)

111.,

witli

(27*«

$100

branch,

llilles

Bonds are subject

—

M. I.oiiU \ andalla A Torre Haute Hit.— See
SDPrLEMKNT and V. 75, p. 667, 734. 1303.

July, 1902,

A

LobIs Watklna

«;ulf llv.— Lake Cliarles to Alexandria,
La, 98 miles, with two branch
ng 3 miles; total, 101 miles.
Suooessoroii May 24, 1903, of Kan C;t.v Watklns <fe(iulf KB., sold In
foreclosure on March 34, 1903
V 7 1. p, 680, 681. BtOCk author
i/ed. 61.335,000; presenl laaue.$993,360; par of snares, 930. Bonds authon/.ed. 91,225,000; present Usue. 9983,360, consisting of $5oo,000
nda and * 100.700 in *ioo bonds, valued at $1 -.7 per *.
Year ending June 30. 1903, gross. 1397,104; net 8*3.029; oil
+ 49.16*; bal ..siir *33.-61.
President .. I. B. Watklliv Sec and
J. 8. Thomson, Lake Charles, La. Directors, V. 74, p. 680. -(V. 75, p.291.)
St. Paul.— See Chicago Milwaukee A St. Paul.
St. Paul Eaatern Grand Trunk It v.— (Sec. Map Chicago 4
vi.

.

y.

I

W.)-Ownn from Oconto

to Ciintonville. wis.,

56 mllea.

Leased

Oct :i(), 1884, for 99 years to Milwaukee Lake Shore A Western.
Rental 30 per cent of gross earnings, interest on bonds being guaranteed.
Lease acquired Aug. 16, [893, by Chicago A North Western
through purchase of Milwaukee Lake Shore A Western.
St. Paul A Northern Pacific lt> .— Merged In Nor. Pao. RR.
(The) si. Paul liilon Depot Co.— Owns Union Passenger Station
wlili s-76 in. of track (additional tracks being put In July. 1
stock being increased from *3i0.000to about fl.ooO.000 for Improve*
owned equally by the following:
•.

rtnern Pacta

la

Mil.

Oaia Great Wsstero. Cblo Bar. A Qalooy, Mian. Bt. Paal \ -w ~i«.
A *t. L.u n an 1 the hlc. K. I.Al'nc.
Authorized stock. $1,000,000. Rental oovers intere- on bonds and
4 per cent on stock since May 1. 1903; from 1890 to May,
per cent dividends were p ml fear ending Deo. 31,
o-«2; net. $22,600; Other Income. $26.1 05; Int. on ho
striiction adTavnoes, en87,837; dividends, $14.36;
vlee- Prea., Tho nas Cooper; Sec,
O. Johnson. -(V. 74, p. 1090.)
,\

In operating accoun s, viz.: St. LoniS to Bismarck. Mo. 75 4 mil.-;
Blsin .rck, Mo , to Delta, 74 miles Memphis, Tenn t Fair Oiik*. Ark.,
60 tulles, inakitu the total lines 1,489*8 mil.-. A No lie right to run
iger trains bet
Ft. Worth and Dallaa oyer Texaa
Pacific,
3'-' tulles,
v. 77, p 90. <>r he 1, -mi miles or main track, 4-7 are laid
with 75 lb 30 with 70-lb., 713 with 56 lb. and rest with 35, 55 and
60-lb. steel rails.

B. i.r

ft.

~i

l*aal.

Marie. M'nn

SO, IWOS
<ft

5

.

1918

M.

J.
J.
J.

6g.

V

:

Nox

June

1,

5
5

g.

M.

Fk.

8.

N

Nov.

i

BowL Oi

.

OfBoe,O.AN.W.,52Wall. Jan.

J.

J.

V

J.

4g.

g.
g.

l.OtHl.OOO

Ac.

vug/n

New York and

See text.
See text.
4.940.000

6
5

1

•

1,000
1,000

I

6 g. M.
g.A 5 g

1910

1,

Deo,.

J.

4

1

Apr.

A Oo.

I

Bee text.
550.000
3.948.000
748.000

10O
1.000

1888 500
1889
1898

N.

l<

A
A
A
A
A
A
A
A

l,n.

1893

Yy Central
N i

J.

1,000
1,000

1

1*93
L998

15

do

N. N.

.1.

l(

.

1

1.

To May I, '12
Jan '04 Oct -10

A D

18*0

Paul it Ihilulh Se.- NoKTHI.KS PA1 II
Pau( Eattern Or.\Trunk-lnt M., k Int. guar.o'
Paul Minn. A Manitoba— See Urea! Northern
Paul <f No. Pacific— H^e Noki'H'n Pacific RR.
Paul Union D pot— 1st M., g., int. as rental
Consol. M. gold ($100,000 are •»«), Int. aH rental
Salt Lake it Lot Angelet — 1st mort., gold. Jio. o
8att Lake <t Xercur- 1st mort *3"0,000, gold.B.
San A ntonio it A ransat Pom— Stock

1930

1.

Sept.

July

i

H

J.
J.

$

A

do
N. Y., Blair

A A

M

BOO
L909

•

Apr.

g.

!*• M. A

3.26 50O
12,545. 50

1891 BOOte.
1,000
1902
I 000
1807

F.

ft.

4 g.

1.566. ooo
80,000, (S)O

l.(KK)

1

.

4

1,179.
1,116. OOO

1903

lstoonsol. mortgage. 135,000,000, gold •« c'*r 1,223
Gray'a Pt. Term'l. 1st M gn., p 41 e g.SSl
16
St.L.Troy,tE. lstM..$6OO,000,g ,red texi 'istckr
13
St. L. Walk. >£ (hilf
1st M., 91,225,000, g. A 4.9*.
101

St.
8t.
81.
St.
St.

J.

J.

oom POTTOS

s

1902
L9u2

mu'iy

'

Mercantile Trust.
do

Y.,

1,000,

1.1

hU uiphu,

11M)1

larterlj 0«
Mt.Lou.SoHthir. Lai M. ctls.,.f 6...00 n. m., *.<•,- (" 1,223
2d M. 4% Inc.. 810.000.0O0.non own., gold. HI «.o*

do

hoi

BT.

A.
Scott

•

'

16

o*

Dividend.

a o

I05,j

Kan

.stern Illinois .. ml
Equipment notes, pavable 8. a
Equip, note*, g.,sei B., n
do
do
Ber
g
A-

Stoekt-Ltmt

l*j

WTioiii.

!a.

500

1,000

L888
1909

I

,

I'rinoi-

pal.W'heu Dne.

Where Payable, and

<«*^«l

1900 8500&C.

ioa

<

DIVIDI

)R

Amounl

|

111

I

is

BAII.I.

Mile. Date SUe or
For explanation or column headings, Ac, see notes
on tlrHt page of Ca
Bold Bonds Va! U*

o

(

t

I

|

.

W

Lake A Low Alludes

.Salt
air Beaoh,

It

It.— Road from Salt Lake to Halt-

Utah, 15 miles, standard gauge—see V 85 , p
In 1901 $300,000 tlr-i
OO,
r year
endlim June 30, 1901, gr
-3,->, agaln~t $19,506 In
1899-00; other Income, 96,034; oil
->36.— (V. 65, p. 824.)
Salt Lake A Tlcrciir K K.— Fa«rtlidd to Mercur. 12>u mllea.
stock, $300,000; parof shares $100. Bonds, at
lender year
-J; net o\er taxes, $26, 741.
1901,g1
L. L. Nuun,
1

I

Telluride, Col.

(V

san Antonio
>n,

7 7. p.

808 miles; Kenedy

to

Pana Ky.—Owns from
corpus

Skldxnore

I

.

770.)

A Aranann

Chrlstl,

I

tea

,

Kerrvllie to
Voakn
aer to l/oek*N*el.
In July,

90

.

branch. 21 m.; total. 687 m
all 50-ll>.
ntract was let for extension trom Alice to Brownsville,
111.;

,

160 miles.

Histort.— Reorganized without foreclosure sale In 1893, management passing to 80. Pao., which owns $1,000,000 stock.
Bonds. Mortgage Is for $21,600,000 (trustee, Central Trust Oo.)
and the 80. IV.
ent on each bond guarantconditionally the punctual payment of the principal and Interest."
Bonds for $2,700,000 reserved for extension*, limited to 100 miles
000 per m: ..-. Bqnlpped. Bel full abstract or mort. In V. 56,
p 540. Due South .Pacific Co. June 30, '.'02. $1,927,113.
In 1903 the Texas Rmlroad Commission ordered the company to
••

1

>.000 liondcancel 81. '456.000 of tue outstan
be Issued Illegally, to r- duce the Btook to $1 000,000, and separate
the management from the Southern Pacific. The cancellation of such

RAILWAY STOCKS AM) BONDS.

\4i-2

Vol. lxxvii.

!

ME.VernAJ«

R

-I

1'mi.ki

Nevada

/<<& Salem

\

^

^^i\L I
.,

-#V\

A

->.

^IjFIrfMaricuiw
r^"\

'*'/•

'"i\«£Jf

D

,

^V-^^^^'Ftf

%IJu*£Wv;

VanBuren

-^

N^\f Uuqnmnl

I

BismarckA*

\\

"»

I

M

<A

"Willow Spre?
.uthrie

Claris V.

«j\

x^ClVemoreSulfc^i: Spn//

I

J

Mammoth SprsA

Eureka Sprs.V

"^

nJonCjrll

<

»

Fayette V.

/°«**ll/ *# /

VA.

Marshall

Milan!/

/ /

NASHVILLE

N
6tolumbi;

in

Kl dkauTj

Mlnco
IOOj
"*

**"

A4~^

"

^^^v v^f^'ifsfc—-WV^fl \«Sr;
ROcK^^^foWCT
C-t^''/.^V
BARINQ

Maaafield

k-

CR08S-*l3K?''t/

Tuw' umbii

^elenai

Lehigh

"Atoka

y^^w^^^

JQ^jiTupolo

^"WpoyX" /^j/coahoma'

Arka« 1 elphia

^

/

^Gran<\.Tc.

** LITTLE

McAllister

(LlE

^AJaapef

*.

S\ Grenada

Birni^v.

3£

£

!

Toint

blambus

Greenwood

Di/knT!
5

W

*4
/".SHREVEPOR^T

/

^O
Lauderdale

<?

/
p

9

3JACK60NVILL5

£\

/>

Rolling /ork

Meridian

^yf

*TVick>burg^ / (Qn
Enterpri

Pine Apple

Dialflllc

tart
Alio

S
I

/

!

L:

>A

Prudejiomnwr

W.LUFKIN
H

j^^C?«*ONTEREVi

Alexandr
\

Cheney V.V\

liruuhaui

V

E

map of

ST. LOUIS

X
Tirrc

SOUTHWESTERN

RAILWAY.

V

:

RAILWAY STOCKS AND BONDS.

Oct., LOOS.

RAILROADS.

Banla Fe Fret. A Paoen to

iOtm )— 2d

A

M

.

fold

«

<

198

>

Fast., lHt M., $375,000, p A I. gu <
i.akr Placid See Chai 1 w <-. iv a- Laki
HaultSU. Marie Bridge— 1st M., g.,B.f.,drn at 1 lo

Presoott

Baranar

>K

i

MHai Daaa 8Ue, or
Amount
column heading*, Ac, see notes of
Pk* r
of
Outita dm*
on first page of tables.
Road Bonds Value. « u "» t*Iiai

or explanation of

<t

Btvannah Morula A Weat'n— See
Savannah <£ S wetboro— 1st M., I

m

DAM

I.IM

M

uir
TI

rTwoipal.When I>ne.

DfVIDI

11 "

able,

uiLoin
N

Payable

A

91,000

82,964. 000

J.

l.OOO

375,000

A.

A

O.

O

1,000

900,000

5g.

J.

A

J.

V.,

185.000
600.000

1808
1898

143

I

B
4

J

and by

Dividend
Julv
Apr.

1.

July

Xtn

ntr^l

HU*k$— Last

1.

1943

1

ii.

1887
KK.
1903

Savan'h Union Btnl. On -1st M.. r.io. 1,0004c
..r
g. A. A O
Schenectady A DHOniSburg 8e< DBL A- III dso N CO.
Schuylkill tt lunuita B6C Pi UBS!
Ufl v KK
Schuylkill <t l.ehiah— 1st M., guar, by Keu.tg Co...
4
M. A N.
800,000
L808
1,000
Schuylkill Valley Navigation 4 Ml. -Stock
5
60
576,050
">.000 In votin g trust.
Seaboard Air Lint By. stock, com ,937,500,000..
100
Preferred stock. 4 p, c, mm-cum., $25,000,000
100 19,400, IMKI In votin g trust
1st M.. $75. 000,000. g. (sectexti CoBa
4 g.
...car
All
L900 l,O00Ac 12.775.000
lO.OOo OvO
A .\
5 g
Col tr ret M g $10,000,000, re al o5 <> o*
1901
1.000
1.000
Atlanta Hit m ||v1h1(.ii Ht M., $10,000,000. Kc*
4 g.
Baa awl
A 8.
Equipment
5.0«>0
5
l'.HK)
2.1
A J.
t doe quarterly
tit1 !»()_'
505.000
1,000
A A
380)....
4si
(V 74. p
dO
Equlpin't mort., (fold. hit. C, due quarterly ii 0*
1,000
1,562,000
1908
A J
4»e g.
oi.i. LoAJnvexoludlng amounts (*)pledged undo
olldat ed mort ga^e.
si 'i»i
Carolina Central obi bonds, non-assented
1,000
115,233
•
3,00<>
A
267 1898
1,000
lCtOOIMOl.il ,*:i, 000,000, gold, gu P Al.end F
1SK8
•100.0O0
Durham A Northern, m mort $150.0O0.,vieBa
A
42
•5* .000
Roanoke A Tar River. $260,000. »leBa
1887
32
m
1S8S
Flor. On. A Pen. 1st M. $5,226 j>. m., gold <V.f
57ft
A
1,000
3,000.000
1890
2d M (lstonert.,92 m.) $5,226 p. m ., gold A .«'
6<i6
A
1,000
410.000
Consol.M.. $7,800,000 ($10,000 p.m.). gold G e
1,000
4,372.000
780 1898
A
South Bound 1st ML, gold, li.t. rental. .11 «• Ba.c'
1891
l.OOO
136
2.033.0O0
A A <>
5.405.0O0
Oa. A Ala.. 1st M..oon.. $10,000,000, ft Itlf.i .<•'
400 1896
1,000
J. A J.
1*9 8
Ga.AAla Term Co., 1st M (call at 110>.iruar p.AL
1.0O0.000
J. A D.
Ga. Carolina A Nor., 1st M., g., guar.ITIc Baf
268 lssy
i.obo
5,360,000
J. A J.
a Inoludlug $140,200 bonds held alive In sink IllkT fU nd.

44 Wall BU

N. Y, Standard Tr.

Co

1937
1953

.

-

I

.v.

I'hlla .,

I'litl

A Read.RR. May

Phlla

rm-1.

.

1,

1948

Julyia.'OS^

.

I .

,

,

(

1

1

1

1

.
.

Apr.
t

.

bonds bssb en deferred ponding the completion within two years of an
extension from Alloc to Brownsville, on tlic Oulf of Mexico, about 150
miles, when new bonds on the extension may be Issued In exchange
therefor
V. 76, p 1302, 1409; V. 77, p 90, H8. V. 77, p 401, 452.
Earnings — 10 mos., > 1902-3 ... .Grons, $2,141. 27«"; net.$446,9io
July 1 to Apr 30
Gross, 2,172,830; net, 575.474
\ 1901-2
Annual Rki-okt.— Fiscal vear changed In 1897 to end June 30. Report for vear to June 30. 1900, was In V. 72, p. 627. In 1901 2, RTOSs,
12.547.166; net. $644,669; oth. Income, $1 .74
lnter.^t on bonds,
"1

;

ato.. $1,022,905; balance, deficit for year, $376..'»sl.
Dlrectorw, V. 77.
Presulent (Sept., 1903), Charles R. Hudson.— tV. 77, p. 90,
p. 629.
148,351, 401, 4 >2, 629.)

San Antonio a liiiincil.-SiLii Antonio to Stockdale. 37 miles
Stock authorized. $1,000,000, Issued Apr 1! 02. $:12.000. Bonds an
thorlzed, *250 t'OO. In March, 1908, foreclosure waa pending.
V 76,
p.5l.<
For year ending Juue 30. 1902. KrtiHH. $t.9.r>is aeVBSI ,361;
deiiuctioi.s. $^0,583; bal., sur., 910,778.
Praaldant, (Jcor^e W. Bracklnr1d«e; Secretary and Treas..John A. Fraser. 8an Antoulo, Tex.— (V.
64. p. 708; V. 69. p. 591; V. 76, p 543.)
*a ii lord A *t. PeterwburK By.— See Atlantic Coast Line RR.
Sun Kran«'lH<'o A Nortli I'ueUU- By.— 1'oint riimrou, (al., to
Uklah.Cal.. 10(> ii. lies, and branohes, 59 miles. OonaolldattoB of March
19, 1889.
Has steamer connection (6 miles) with Baa Franclsoo.
Leased to the California A Northwestern Rv Incorporated In March,
1898. The S. F A N. P. guarantees $2,000.b0o Cal A Nor. 5 per oent
bonds, to l.e UhiiwI at $25,000 per mile. V. 67, p. 370, 688, 788. Stock
Issued. $6,000,000; par of shares. $100.
Kt.vi.s
Issued at $25,000 per mile; slnklnu fund, $25,000 yearly,
bonds drawn at 110 and Interest. Mortgage abstract V. 49, p. 241.)
.

,

(

Lxtkst Kakninos.— For 2 months ending Aug. 31:
3 mo:
Set
Q-ot:
Ohnrget.
Bal tt«r.
1903
$288,318
$101,470
$r>,167
|
1902
218.313
9»,36t
4").J50
51.014
Amnpai Kkimrt - Repnrt for 1902 03 In V. 77, p. 449. showed, gross,
f 1,299.279. net. $350,277. charges. 9968,647; bal.. surplus. *Hrt,030.
In 1901-02 (cross, $1,132,579; uet, $30S,265.-(V. 77. p. 197, 449.)
.

Amide

San Pedro Loa

A Salt Lake By.— Projected from Salt
h. to San Pedro,O0 the 1'acltlc coast, about «50 miles of
with branches, making an aggregate of about 1,100 tnllea, tin
Los Angeles Terminal Ry., 51 miles, being acquired, ami formally
merge<l aifiii \\>r 1, 1901, a" a pan of ihe new line
In Nov.. looj.
112 rnllaa were complete.) at the western and "f the line, of which Los
Angeles to Riverside, 58 on., was operated in Ooi 1908
On .Inn. 3 1903. porebaaed iMirtion of im.-limi Bhorl Ine (Union
Paclllc system) rxtt mllng from Salt Lake OltJ to
allei
miles, with some lir .nch mileage ami ad Itlonal enmpletad mileage
•onibo
i, 550 miles la all
Tbls leaTes aboal LOO mllee to be
eonatnioted wee t ward! i from Oallen tea to complete the throtmbllne,
of which Cull, ii t- to Paggett, 130 miles. Is befog .ullt bv c.tnipiiny
and 9o mil s irmn Daggeit to Kiversnie to i.e (temporarily) Al. h. i.j.
4 Santa Ke trackage Tue Suit Lake Cltv termln us are ieas.y ror 99
years from July, 1903
V. 76, p. 930, 1193. 856; V. 77, p. 88, 148,
998 I'res.teiit \V. A. (lark owns oontrol V. 75. p. 907; see V. 7 1. p
269: V. 75 p. l'4s\ 1204
Stock am homed, $25,000,000; all issued.
BOflDa.— Of the 4s of 1903 ($50,000.0 to uHthorl/.e<l Issue: Kt|iiltable
Trust Co or New York, trustee,) 940,000,000 may be need ior the
following purposts (balance reserved for fntur> requirements), yll
To pay lor the 5.0 miles of Oregi n Short Line arqalred, for which
*,>" ,0 cash was taid, the roatl already oompleted and ac
urn! I. os Anveles »nd Sau Pedro terminals (costing n all $lo,20o.OOO)
City, It
line,

.

l

,

(

I

and io complete the system
v. 77, p, 3h, 90.
For year ending June 80, 1903 (49 miles), gross. $268,371; net, $89.913. President,
A. Clark
Secretary, l.F Miller; Trias.. W II.
Leete.-(V 76. p 920,11^3,1356; V 77. p B3, 90, 148, 696J
San Pete Valley By.— Nephl, Utah, to Morrison, 51 miles; Quarry
Branch (opened Aug., 1899), Nephl to Cooper. I'tah. 5 miles; total. 56
mUes. Stock, $510,000; par of shares. $100. Honds. *=i(;r>.000 1st
gold 4s. date.l 1894, due 1923, Interest J-J, and $250,000 2d mort. 4s,
dated lune 1. 1895, due 19J1, Interest J .1. Farmers' I»an A Trust Oo
New York. Trustee Year ending June 30. 1902, K
under oper ex p $5,326. Theo. Bruback.Oen. Mcr. Salt I^iket lty .Itah.
Santa Pe Central By.— Owns from Santa Fe, N. M., south to
Torrance. 117 miles, opened Aug., 1903. Hrancli from Mortality Jot,
to AUuuiueupie N.M.,47 mtles. Is reported to be propose.
Incorporated in July, 1901. Sto.k authorized. $2. 33,000. of the bonds,
$1,000.0. o are Issuable at once, and the remaining $.SoO. (MM) «fter Jan.
1.1904. for Improvements and extensions
I're-lilent \V. H. Antlreus;
Be< retary, W. p Hagan: Treasurer, T. Lee Clark, Arrott Bl.lg., IMttsbnrgh, Pa.— (V. 75, p. 186.)
Sauia Pe Pre«< on & Phoenix By.— (8ee Map Atrhi.tnn To
Vfka<t tanta Fe y-Owns Aah Fork, via Prescott. to PboenlX, Arizona,
198 miles; opened In March. 1895. P. 4 E. Jot. to Mayer. Aria.. 2« 4

W

;

.

I.

1

of Prescott
oompletesl
Oct.,
^o andun,1er charter99 years andA Eastern, wasbonds guaranteed
leased
1898.
$37.">.OOf
1

in

for

its

?^* n ' h frm " Mllron Ar,z .to Big Bug mines. 8 miles, completed Apr
1902; extension under way from Mayer to Crowned King mine. 27
miles, of whioh 16 miles completed Apr., 1903; total. 245 miles
-

.

1,

1950

W

To July

1

.-*

.

is

,

da

1

i

Lake
main

N. V.. IB Wal

I

New
Bait.

Mar.

,

1

r

N V

,

Farm.

Halt.

,

Mar. Tr.

New

L.

dO

a

1920

A
A

T.

00

1>.

Jan.

1.

1917

York, 15 Wall 8t. July
do
do
Jan.
do
do
Jan.
NY, 15 Wall St., or Bait Apr.
New York, 15 Wall St. Oct

New

York.

A

1949

Oo.

tit.

Bait. , Mer. Tr.

l.i'.ns

Kl. '13
i'ct.'03-Ap.'lS

York.

D. Co.

Deo.
July

1,
1,
1,
1,
1,

1,

1,

1918
1930
1948
1941
1945
1948
1929

4 Eastern By., completed f om t'htenU to Mesa, 15 miles,
ami nniler con-truct'on to Benson, 165 miles additional, ha- been
operated since June 7, 1903. v. 77, p. 90.
Stock, $7,903,000.
Ihe road Is tax exempt by legislative enactment
tor 90 years from 1891. The Atch. Top. a s. Fe took poeseasloii Nov. 8.
1901, having acquired $2,903,000 of the second mortirage bonds and
all of the stock.
Dividend. 3p c, paid Apr 3'. 1908. Bee official
statements. V. 73. p. 898; V. 74. p. 150; V 68. p. 32ti; V. 75, p. 680.
Report for 190O-1 was In V. 73. p. 954, showing:
Vrari.
Or' Kt.
Feuial
hilerent.
linl.. $ur.
N't.
1902-3
$1,045,232 $571,125 $17,950 9195.22*
$
1901-2
1,050,03".
617.950
17,9t2
395,523
204,515

The Phnenix

I

— (V.73,

p.

781, 844,900.954;

4 Lake

saranac
Placid RR.
Mara toga

V. 75, p. 667; V. 77,

Placid

p. 90.)

Kit.- See Ciiatkaugay & Lake

%B

A

Schenectady
It .—Saratoga to Schenectady, 21
miles. Leased In per etulty In 1861 to Rensselaer A Saratoga and
>rpe'
lease assigned to "Del. A Hudson Canal, by which It Is operated.
Ueuti I, $31,750 per year. Stock. $450,000. Dividends. 7 p. c. yearly.

It Me. IHarle Bridge.—Own Sault Ste. Marie Hrl.U'e. Includ421 feet of main track. The Canadian I'a.ltlr. Dulutli South
A Atlantic and Minneapolis St. Pan] a Sault ste Marie KK cos.
to pal for use of bridge an amount et|iial to operating ex
and Interest and sinking fund of debt. Mortgage, $1,000,000; sinking
Stock. $1,000,000.
(Bad, $5,500 yearly.
Savannah Plorlda A- Western By.—Consolidated on July 1,
1902. with the Atlantic Coast Line
(V. 75, p. 31.)
union passenger station
BaTatiMb ITillon Blallou Clo
and terminal at Eiavannab. o i., with 9 miles of track. Leased by the
Southern Ry., Bavannab Kiorida A Western (now Atlantic Ooasl Line
RR.) and Seaboard Air Line Ky which own tlie 9300,000 Itoek, the
renta' providing for Ii tenet and sinking fun. on rtoiiils, maintenance,
President, W. W. Mackall; Treas., Savannah Trust Co Secretary,
etc.
W. V. Davis. -(V. 71, p. 343. V. 74, p. 1039. 1253.)
Savannah 4 Sialeaboro By.—Owns Cuyler to Stutesboro, Oa.,
84 miles; trackage, Ouj ler to Savannah, 21 miles. Bstaoslon wa- pro
posed from Statesboro to Swalnsboro, 80 miles. Stock authorized,
9800,000. Has tradlc con'ract with Seaboard Air L'ne. which iruar- 1,000 &0-year
5s (9^00,000 auth..ri/.el Issue): Bavannab
.... trustee,
y. 75, p 1303; V 77, p. 693. Tear ending Dee. 81,
1902. gross, $3S,204; net, $14,889. President.
'..-tt. Savannah; Tre»s. ami Sec, W. T. Dante, Washington, D. C. Otll.e, BtatM

Sai

ing

t

Shore
agree

;

RR—
—Owm

,

I

;

boro.

Oa

(V. 76, p. 213; V. 77, p.

695.)

4 Duauesbnrs.— Merged In Del. A.Hudson Co.
on Am. 5, 19()3.
N<li ii) Ik III A Lehlsrh BB.—Owns from High's Farm, near Readiieiiectady

s<

ing. Pa., to Slatlngton, Pa.. 4ti-.l miles. In 1883 leased to Phlla A Readfor 999 years and In 18<6 lease assumed by Phlla a Beading
ing
ntal. $27,000 yearly Reading Company owns stock ($600,000),

RK

whloh $598,000 is deposited under Its general mortgage of 1 897.
Stliuylklll Valley Navigation A: B It. — Port '*rbon to Reevesdale. Pa., 11 miles; 2d track, 5 in; branches, eto., 1L41 m.; total track,
28 miles. Leased July 25, 1861, for 99
to Phlla. A Reading KR.
Lease assumed in 1896 by Phlla. A Reading Railway Oo. Rental
which pays 5 p. o. on stock and State taxes.
Seaboard Air Line \%j.—(Het, Map.)— This oompany owns a
line from Richmond, Va., to Atlanta, Oa., and Tampa, Fla, etc, via.:
Lttie* aimed in fee
Milei
MUes.
RIchmo.l.N
Tiah.Oa.502 Other lines
358
Wilmington. N.C.. tt> Atlanta.
Fr >i>rir.ary I.ine$.
Oa
437 Portem'th.Va..toWeldon,N.C.
81
Savannah. oa to Montgomery,
stark.- to Buwanee Biv
Fla.
58
Ala. (58 miles trackage de32
Stats line to Levdaton, N c.
ducted)
63
..980 Trackaoc
Savannah, oa., to Tampa.
Kc\ s, Chattahoochee
River, etc
806
Total sys. (see V. 74. p. 773). 2.617
The proprietary lines include: Roanoke A Tar River KK. stock all
0a Bed), 39 miles: Seaboard A- KoanoUf Ki.
of stock owned),
of

(

>.

.

.

.

|

miles; Atlantic -uwance Klvei A '.ulf KK., 58 miles (stock all
owned.) In addition owu» entire stock of the U<
Terminal n operating 8 miles of track. Of the roatl owned. 6 mllee
are aa«ad to other oomp»nl<
si

>

(

.

wns a one-sixth interest in the Richmond-Washington Co. conRichmond,
a* ton, D. 0. (V. 73, p.
and under trattio agreement with tbe Pennsylvania R8.. maintain* through car service between (few York, Philadelphia Waabina>
>. (unAlso controls the Baltimore ton and the South
bonded) and a substantial Interest In the Old Dominion Steamship Co.
In 1902 the Last A- West KR. C rter*vilic. Ua., to Pall Olty Ala,
1 17 miles, with
braneh to Jacksonville. Ala., 8 mtles, was acquired,
a new road from Birmingham to Coal
lty. 39 miles, and one from
Rockmart to Howells (3 in. from Atlanta). 42 m., being under construction, to form line from Atlanta to Birmingham. V. 76, p. 489, 706;
•

trolling the road from

843

)

'

V. 77, p. 647.

An

Organization.—
amalgamation in 1900 of various "Seaboard**
lines, including those whose eeourltlea
re shown in the tableabove
these lines were subsequently (except 171 miles) merged
la Oct.,
1903, a (.syndicate lntereste 1 in the St. Louis
San Franoia oo ar

A

Mil

RAILWAY STOCKS AND BONDS.

(Vol. LXXVH.

:

l.AILWWY STOCKS AND BONDS.

Oct., 1903.

KATLKOADb.

.Miles

For explanation of ooluiun headings,
on first page of tables.
1

,

.

of

R.

1..

A

31

V

stock, guar, by
lst M., 12,000,000, u'.. Mink fund (not dra
Bharon— Stock (9800,000) 6 p.C.guar. by rental.
1 Potti

31

New

...iron to

I

Castle

I'yiuat

bbenango Valley

<fc

l-t

.

etc.)

M

.

int.

gu

17

.

M.,

77
37

by Pao. Mall, etc.

Of the consols shown
ranged

5

1898

42
42
10

±89
189

150
104

1.0O0
1,000

'
'

w aa

coll. tr

rof, Ss

5s <n Oct 1. 19d2.
The At aii'aA Hlrnilngham division 4sof

KO.Oou.OOJ

29,723,000
12,000 000

903

0,000.000 authorised laane win he leeured i>n the line to be built from Atlanta,
... to
Birmingham. A a., 174 miles, with branches 30 miles, a total of J04
miles
In .\pr._ 1903, $6,000,000 bonda were told. V. 70, D. 1302;
'

($1

i

,

i

c equipment

trusts mature $42,000 quarterly from July
1908, thereafter qoarterl] 889.000 eaeh July and
Apr ami Oct. to .\,.r 191& V 78, p. B66, 9.0.
OrARANTit^
rhe Savannah A State* horn and norldaWeal 8hore
bonda i9lH5.0OO and 884o,000, respeotlvely) are guaranteed as to
priiici()ai ami Intereat, ami also the wobmond- Washington Oo. bond-,
Jolntl
and severally with tlve other proprietary companies. V. 77.
p. 647.
8-Bbtual Kiv tMKs. -<'upltallzatlon permllels reported as $19,380
bonds, 86,560 pref. and *l 1.450 com. stood. See V. 79, p. 1981] V.
74, p. 77«. In 19, 'J issued $7u0,000 equip trustM. V.74,p.328.
Latest Eabw.-2 mos., ^ 1903
Gross. $2,022,955; net, *
July 1 to Aug 31.
Gross, 1,812,792; net. 476,680
S 1902
Report.- Fiscal year ends June 30. Report for the year ending
June 30, 1903, was In V. 77, p. 898, t>46, 7t;«.
1903
1902.
1901.
Gross earnings from railway*... .912,156,828 $11,068,478 $10,426,279
Gross earnings from water lines.
549.600
511.337
502,772
Total gross earnings
912.706,528 -fl! 579,815 9lo.929.051
Net earnings, inel other Income. 3,478,781
!.171..V>3
$2.,820,073
Deduct- merest on bonda
82,481.400
£1,481.400 $2,
l,

938.0OO each Jan

,

I

Other Interest
Rentals and miscellaneous
Balance, surplus

104.668

177.117
58,408

110,1

9832,481
$820,257
Officers.— President, John Bkelton Williams; Vice-President and

hurg.

-

M

J.
Barr; Secretary.
j..hn Bkertoo WiiHama.
8l

D.O, Porteous; Treas ..John II. sharp.
Riohmoi
at iisrr Portomontb,
mia; J. W. Mlddendorf,

Wn

I

.

Itlchmond, Va.. R.

V unlniaaa, Kraal rhaimai n. o k'fi K h Tburoe and If. B. Va
irat, New
k:
""" Shepard, ol Nan n iven. N V.
*'i^
Malnotllce. Kicnmond; N.Y ottl.e, 15 Wall St —(V. 77, p. 766, 824.)
Seaboard A Koanoke 11 11. —See Seaboard Air Line Ry. above.
Seattle i San Francisco Ky. A N a vl-jat lo n.— Oro t M/ vtion.
—Incorporated In March. 1899, to own LJJ31 acres of coal lands 25
miles southeasterly from Seattle. Wa*h..
terminal and dock
Bropertj at Seattle, etc.; also steamship lines and 35 miles of railroad
bnilt.-\ t.8 p. 929. v 69. p. 386. 852. In Aug.. 190J, the Northern
\

.

"*'

.

Pacific acquired ontrol. V 75. p. 291.
Stock, $3,000,000. Bonds, $1,500,000 lst 40 year gold 5s.dated Apr.
1. Is; 9, Int. AOat Metropolitan Trust Co.. N."Y.. trustee; 9825.000
lasued. The April. 19.3. coupon was not paid.
Bee particulars
In V 69. p. lsj and advertisement in "hronicle of July 22. 1899.
President. C. S. Mellen -<V. 73, p. 83; V. 75. p. 291; V 76, p. 752.)
b ? .. S ok
,c
ttoosiehead
V. 68. p. 107S. On June 24,
.
1 899, A. B. Thompson, of Plttafleld. Me., was appointed receiver.

o^ M

*

5
6
5
*

<k

A.

A

A.

A J
A O
A J.
A O.
A A.
A N.
A J.
A D.
A J.
A

*8.0<"

1.400,000
3.760.OO0
5.5OO.00O

A.
J.

g.
g.
Kg.

A.
P.

M.

4g.
*

J.

g.

1.

owne

190"*.

.

ul.

J.

4>s gd

by

May

1.'

i

el,

I

1912

Broad

do
Share

Y.,Farm.

1.

...

I

Orootor- Wool worth Bk.
In default.

Apr

1.

V

N

&

(i

..

1918
1917

l,

1914

Jan.
Ait.

Aug.

1,
1,
1,

1910
1936

July

1,

1951
1937

1,

1949

1961

Deo.1899 Aug.

let coup, paid

N. Y.. 120 Broadway.

do

A

1,
1,

Oot
Quitman,

N. Y. or.. liuHrumlw'j
N. Y.,oitice, 1 20 B' way.
N. Y., Mercantile Tr Co.
V. Y., Pheulx Nat. Hk.
N. Y..H.Pao..l20B'way

le

r»i9
1919

12, 1937
1.'15

IT. B. M. ATr.'o.
Boston A Oaklai
July
Shaw. Bk. July

>-

Loulsvll

tlie

l'.<47

do

Jan.
Deo.

1.

l'.'ll

1,

1905

Nashville

narboD Kun J«t to
Miniiioii in Mniiniri A Lrwlsburg
West Milton. Pa., with Iron bridge over Susquehanna, 31 miles; second
track, 15 miles; total of all track, 57 miles. Leaned Co Philadelphia A
Reading KK. July 2, 1888. for 999 years at ti per Dent OB the stock,
and lease aasnmnd in 1896 by Philadelphia A Reading Ry. Used for
coal traffic northward. Stock. 92,000,000 (par, SAO) owned by Reading
Co., of which $1,995,000 is deposited under mort. of '97. — (V. 51, p. 21.)
MiHinoklii Valley
I'ottovllle Ry.— See Map Pa. RR.)—Bunbury, Pa., to Mt. Canuel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, for 999 years to the Northern Central Hallway Co., with a guarantee of taxes. Interest on the bonds and 6 per oent on the -to. k, of
Which $619,650 Is owned by the Northern Vntrai. The $2,000,000
first 3s (of which I'enn. RR Jan.. 19"M, owned $1,544,000). wen
to retire the 7s at maturity July 1, 1901. -(V. 73, p. 199, 106^, 1314.)
Mi a ron Ry.—Owns from Newcastle. Pa., via Sharon, to PvuiatunIng. Pa., with oranches. 33-07 miles in all. Consolidated with Newcastle A 8henango Valley RR. and then leased to the Brie RR. for 900
years from Deo. i, 1900, for Interest on bonds and 6 per cent on stock,
the old leases being canceled.— (V. 72, p. 88; V. 73, p. 399 )
Nhreveporl A Red River Valley.—See Louisiana Ry. A Nav.
Sierra Railway (of California).— Owns road from o.tkdale,
on line of Southern Pacific, to Outers, Tuolumne County, 58 miles
Branch, Jamesto «n to Angela, 18 miles, was opened 8ep1 15,1009.
Stock authorized, B5.000.twu; lasnad, 92,780.000 The stockholders
will vote on Oct. 28, 1908, OO making a secoud mortgage to secure
$~60,0i
forty-year bonds of $1,000 each, bcarii g not o\er 5 p (-.Interest, to take up the 81,242,o<0 second mortgage Income bond*,
V. 77, p. 512. For 6 mo-, ending Dec. 31, 1902. gross. $1* ,49
$111,881. For year ending June 30, 1902, gross. 6261,814; net, $150,77s; nit., taxes, el
ITest.. Prince A.
bal., snr., *74,405
I;
Ponlatowski; Sec'y. S. M. Rickey. Ban Franclsoo, Cal
(V, 77, p 512.)

KK.-

A

r

(

coll. tr.

H CI ty Pierce.
Um. ff.Wtu. liurnam N

J*

2.0O0.0O0

on June 80

V. 77, p. 351,

.

Kkuin

J. N.

i

collateral trust refunding gold 5s of 1901 will be secured by deposit with thetru
000.000 Is of 19(M) and were applied to
rund the 93,400,000 6 per cent oertlfloates (V. 70, t>. 812), oalied for
Reymenl <m Aug 28, 1901. to purchase a one-fifth interest In the road
"in Richmond, v»., to Washington. i>. 0., and minority stocks of subsidiary lines, and to provide for retirement of maturlna ear trnsta,
Boating debt, future bet tenuonts, etc., and to retire the collateral trust
5s, due Oct
1902 (V. 71, p. 690. for which an equal amount of collateral trust :>s are reaerved. V. 72, p. 1280
Hie 82.483,000 (*a. A
Ala. 5% preference bonds were paid Oct. 1, 1901, and the $1,323,000

^

OO

104,600

The

i

A

J.

5
5

172..*

1,000
l.OOO
1.0OO
1,000
1.000
1.0O0

1901
iss7

J

P.

100,000
825,000

1,000

A Read.RR

J

8*

L8S4

1903
1880
lsM!

faslons,

Dinytorv

13,000

300,000

1926

1

Jul
Phlla..

A

J.

g.

Jan.

July
Aft. July,1916

J.

F.

3»«g.

»

100 197,8
1899 500 Ac. J-,M*,500
2,215,000
1891
1900
1,000
15,000,000

000

A

V.

-.uo a.-.

,

1

Gen. Mgr..

N. Pbila., Phil.

J.

g.

5O0 &0.

I

Keserred to r< lire ai mat unt jr, dollar Un <|,>ilnr, nil the underlylna bond* on the va loua MvMi.innfiie system
IssuaM.
lulj L. 1008, for additional properties, imeta, at not exceeding li.ftuv.iKjO for
our rears and Il.u00.0i0 per annuiu ' creafter

\;>r.

6

6

1,
L,

do
do

J.

6

V. 77, p. 851.

ser-es

M.

1,000,000
1,000.000

4 1*

BoMDft.- The 4s of 1900 area tlrst lien on about 350 miles of road.
Including 10'_' miles of main line fr
Richmond to Rldgeway and 106
miles from Hamlet to Colombia (mbjeot only to 9158,000 prior lien
bonds on two branob.ee); alao
direct mortgage on the whole •_',:i'*:{
miles of consolidated road, suhjcci only u< *1 s.098. 000 prior lien outstanding bonds thereon (or an average of about $11,500 per mile) and
a consolidated collateral lien on the remainder.
The 4s or 1900 have been issued, pledged or reserved aa follows
Total authorised laane In no case to exceed
*75, 000,000
Of which outstainlluu
'.776,000

The

A.

161

Stock.— Authorized $62,500,000, of which $25,000,000 pref.; out
standing Jan.. 1902, common. $29,000,000. and pref. $19,400,000
Pre erred Is entitled to 4 p. c. non-cumulative, then common to 4 p.
c, then pref. 2 p. o. additional, any surplus to common.
VoiiMi Titrsr. Both classes of stock are deposited with voting
trustees until April 1, 1910, although the latter may in their discretion deliver the BtOOk at an earlier date
Mock trustee*; B 1\
Yoakum, II cias Pleroe, i: 8. <;u oneaa, Uakleigh Thome, John 8kelton Williams, James II. Dooley, 0. Sidney Hhepard and William A.

V. 77,

A

Imideud.

AD. Co.

.1

I.

l'.IOl

not controlling, Interest;

od to secure t"e 110,000,000

K.

657

695, 824.

Marburg.

6

1,000

1900

red. "02. Co*

ns outstanding. $4. 753,

to acquire a large, If

J

2,0<

1895

/

g., sec.

A
&

1887
VIOA T

<6 N'a

I

tr.

J.
J.

i",obo

1889

'

Coll.

A

5

50

Somerset Railway -lHt mortgage
Coniiol. mortgage, $420,1 00, gold
South t'uroiiim I'm itic- lst M., cur.. Int. rental. ..
Bo. Beorg u cf IV
Quasi Mortgage, -r'250,000, g..
So. ± No.Ala.— l\\ M K-, $2,000,000 (OK Q.DJ L
Consul, mort (for $10,000,000), gold, guar.Ce. c
So. Illinois it ilo. Itrutw
-t M.. $3,000,000. g .Tie
M
Soulh'n Indiana— lm M., gold—See text l.«
South Pae. Coast— lstM.,g.,gu. (s. f. 1912)
F.o
Southern Pacific COMI'ASY Stock<$200,000,000)
Col. trust mort. .gold. sub to call at par I n..o*4r
Bteanishli. 1st mort.
I*, Her. A, $3,000,000...
-

J.

5 g.

190*1

16

F
F

SHrevr/iuri s Bed River Valley Bee Lot hit.uHr.
Sierra Ry (of Cal.)—\-\ M
Sierra valley— lMt M. (Cal Sue Dep. 0o. trustee)
Silver Spr Ocula it Gulf Bee ATLAHTN COAST J. in
Bkaneateles RR.— 1st mort., $100,000, gold.lfsni.

r

6

Due.
Stocks— Laa\

Whom.

50

38
38

..

Sharon,

1882
1890

Where Payable, and by

81,000,000
1.200.000
2,500.000
-5.0O0

loo ac.

.o*

When

Rat*« per

"ii

i,

2d mortgage, gold
vol

1

rw!^", !!?. ,,^
UUMIal " IL

l.CXM.

i

I

145

J

pal, When

Amount
1

Par

107

Ba

n<

-.

Debent $690,000, to be secured by any 2d M r
Car and equipment trusts
BKaiitokm s>< bury <t Lewut/urg—lBl inort....o"Ar
Bkanii>i;iii

81/

Road. Bond* Value.

l

A Roanoke- 1st M

Date

of

<kc, see note*

Seaboard Air Line Ry. — ( Concluded)
Raleigh A Augusta, si M guar, p. A
Raleigh a- Gaston,
Seal).

I

RR.—

—
RR.— Plumas to Mohawk. Cal., 37 miles.
Pres., E. R. Dodge, Amedee.Cal.— (V. 74, p. 776.)
silver Springs <>< aln A <iull RR.—See Atlantic Coast Line RR.
silverton RR.—Owns Silverton, Col., to Ironton, 22 miles. In
sierra Valleys

$945,000; par, $100.

Jnly, 1899. Alexander Anderson was appointed reoelver.— V. 69, p.
132. Stock. $350,000; par, $100. Bonds. $425,000 lst gold 20-vear
6s. due Oot. 1, 1908.
In Apr.. 1903. no reorganization plan had been
agreed upon. Year 1898-99, grosa, $10.885.— (V. 69, p. 132.)
Nomemet Ry.—Owns road from Oakland to Bingham, Me., and
branch, 42 miles.
Road opened In Wio. Capital stock Is $736,649
(par. $100). Of the 4a of 1900 Maine Trust A Banking Co., Gardiner, Me., trustee, the balance are reserved to retire the old 5s at or
before maturity. V. 70, p. 1096. Bills pay able Jnne 30, 1903. $37,015.
nos.— For year 1902-03: Gross, $118,957; net, $31,977; charges,
$20,418; balance, aurplus for year, $11,559.— (V. 73, p. 900, 1008.)
South Carolina A Georgia
SeeSouth'n Ry., Carolina Dlv.
s<. 11 Hi Carolina Pacific Ry.— North Carolina State line to Bennettsville, 8. C, 10-5 miles. Leased till Deo
lantlo Coast
Line RR for Interest on bonds. Stock, $100,000. Bonds, see table.
1

RR.—

,

sooth

(.<

orgla

& West

Coant

1

Ry — Heartplne

to

Hlrmans,

61 miles; extension is proposed from Greenville to the Gulf, 50
stock
(1>.
The bonds ($250,000 authorized Issue) are to be
used t<> pay off present debt, balance for Improvem