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U nited States Bonds,
E a ilr o a d ,
H V C u n ic i-p a l
A ND OTHER
Investm ent Securities.
H A R V E Y F IS K & SONS,
H A R T F O R D , C O N N ., represented by
R. T. H. B A R N E S ,
Aetna Life Building.
N E W Y O R K , 29 Nassau Street.
B O STO N, 10 Post Office Square.
P H IL A D E L P H I A , represented by
J A M E S H. C H A P M A N ,
421 Chestnut Street.
C H IC A G O , IL L ., represented by
D. K . D R A K E ,
414 Continental Nat. Bank Bldg.
O U R L IS T OF IN V E S T M E N T S E C U R ITIE S S E N T ON A P P L IC A T IO N .
GOLDMAN, SACHS & CO.,
BANKERS,
Nassau
Sreet\Cr. of Cedar , New York,
t o
(B A N K O F C O M M E R C E
M EM BERS
NEW
YORK
B U I L D I N G * '’
STO C K
IEEigT=L-Gkr?a,cLe
EXCHANGE.
IB o x l c Ls .
FLAGG & W ORCESTER,
( Successors to Reed & F la g g )
NO.
BRO KERS
48
W A LL
AND
STREET,
D EALERS
AND
IN
NEW
YORK.
R A IL W A Y
O TH ER
INVESTMENT SECURITIES.
BONDS
M anhattan T rust Company.
W ALL
C A P IT A L ,
STREET,
SURPLUS
AND
CORNER
N ASSAU,
U N D IV ID E D
NEW
YORK
C ITY .
P R O F IT S ,
-
$ 2 ,5 0 0 ,0 0 0
Ma n h a tt a n T rust Co m p a n y is a Legal Depository for Conrt and Trust Funds and General Deposits. Interest paid
on balances subject to cheque at sight through the New York Clearing-House, and higher rates allowed upon deposits
payable at specified dates or subject to notice.
The Company Is authorized to act as Administrator, Executor, Guardian and Receiver; as Fiscal Agent for the pay
ment of Bonds, Coupons, Dividends, etc., of States, Municipalities, Railroads and other Corporations; as Trustee
under Mortgages or Deeds of Trust securing Issues of Bonds, and as Registrar and Transfer Agent of the Stocks and
Bonds of Incorporated Companies; as Trustee of Estates and Individuals, and for the transaction of all such business
exceptional facilities are offered,
O F F IC E R S .
J O H N I. W A T E R B U R Y , P resident .
JO H N KEAN,
)
W . N O R T H D U A N E , 3 d V .-P res. & T reas .
F R E D E R I C K D W I G H T , T rust OFFICER.
AM OS 7 . F R E N C H , * V|CE_PRE8ICENT8C H A R L E S H. S M I T H , S ecretary .
E. A. S K IN N E R , A sst. S ecretary .
D IR E C T O R S .
Rudulph Ellis, Philadelphia.
Amos T. French, New York.
J ames J. Hill, St. Paul.
John Kean, New Jersey.
Daniel S. Lamont, New York.
John Howard Latham, New York.
Francis R, Appleton, New York.
August Belmont, New York.
George F. Baker, New York.
H. WT Cannon, New York.
A. J. Cassatt, Philadelphia.
R. J. Cross, New York.
Oliver H. Payne, New York.
E. D. Randolph, New York.
Grant B. Schley, New York.
James O. Sheldon, New York.
R. T. Wilson, New York.
John L Waterbury, New York.
N. W HARRIS & C0.»
BANKERS,
3 ! & 3 3 PINE ST,, N EW YORK.
CHICAGO.
BOSTON.
Deal Exclusively in Municipal, Rail
road and other Bonds adapted for
trust funds and savings.
ISSUE
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BANKERS,
1
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Established 1865.
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OF
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Y O R K
STO CK
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Allow|interest on Deposits subject to Sight Check. Buy and Sell on Commission
Stocks and Bonds, either for Cash or on Margin, and deal in
I nvestment Securities.
H. J. MORSE.
CHARLES D. MARVIN.
JACO B
GEO. 8. COE.
R U B IN O ,
NO. 3 BROAD STREET (DREXEL BUILDING ), N EW YORK.
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AND
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IN
RAILWAY BONDS, GUARANTEED STOCKS
AND
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1H A 1 D O NOT NEED REORGANIZATIO N .
T h e INVESTORS’
S U P P LE M E N T
----- TO T H E ------
C
ommercial
& {F inancial (C hronicle,
Entered according to Act of Congress In the year 1902, by W i l l i a m B. D a n a C o m p a n y , In the office of Librarian of Congress, Washington, D. C.
A weekly newspaper entered at Post Office, New York, as second-class matter—W i l l ia m B. Da n a Co m p a n y , Publishers, 76^ Pine 8t„ N. Y.
NEW
Y O R K , O C T O B E R 2B, 1902.
when they became broken it would evolve inflammable
gas— very slowly if in ordinarily dry air, and rapidly
The I nvestors’ Supplem ent , issued quarterly, is furnished without if water touched it.
extra charge to every subscriber of the Chronicle .
There is an erroneous impression of dangers from
T he B ank and Quotation Supplem ent , issued monthly, is also acetylene which is easily dispelled by examining into
furnished without extra charge to every subscriber of the Chronicle .
the facts. Like the other hydro-carbons (of which
T he Street Ra il w a y supplem ent , issued three times a year, is like
wise furnished without extra charge to every subscriber of the the most fami liar is the illuminant indefinetely called
Chronicle .
“ gas” ), acetylene becomes explosive under certain
Th e State a n d Cit y Supplem ent , issued semi-annually, is also
conditions, which are the same with all the class.
furnished without extra charge to every subscriber of the Ch r o n ic le .
Terms for the Chronicle , including the four Supplements above Except in case of elastic gases (such as steam), which
named, are Ten Dollars per year within the United States and Thir may violently expand by rupturing the vessel con
teen Dollars (which Includes postage) in Europe.
taining them, an “ explosion” is simply a very rapid
WILLIAM B. DANA COMPANY, P ublishers,
combustion. When a volume of hydro carbon gas,
P ine Str e e t , Cor . P earl Str e e t , N ew Y ork .
large or small, is heated by contact with fire, it burns
slowly and harmlessly, as at the end of a burner; dif
MO RT G A G E ABST RACT S.
fuse the gas through the air, so that each atom
An index of the mortgage abstracts which have
of gas is surrounded by several atoms of air,
appeared in the Chr onicle will be found on page 176. and the
burning or union with oxygen is
so rapid that it becomes an explosion.
A
A C E T Y L E N E A N D R A IL R O A D L IG H T IN G . large blsck of wood burns slowly because the air
Haying loDg been known as a laboratory product, touches it only on its surface, which is relatively a
acetylene gai became a commercial possibility, about very small part of its substance ; break the block into
ten years ago, by the accidental disiovery of a method shavings, so that the air wraps it, and the combustion
of producing calcium carbide cheaply by fusing is rapid. The difference in these cases is exactly the
charcoal and lime together in the electric furnace. same as between plain gas, burning slowly, and fuel
The principal place of production was long and still or blue-flame gas (such as one volame of ga3 mixed
Is at Niagara, bat there are now carbide plants in with several volames of air) burning rapidly. Acet
all civilized countries, incladlng even Spain, and the ylene is precisely like other hydro-carbons in this
particular, except that It reaches the explosive state on
new illnmiDant has firmly established itself.
Carbide is a grayish-black substance which some a smaller percentage of it with air than other gases re
what resembles coke in appearance. When brought quire. On the other hand, its peculiar odor Is a
in contact with water the unstable union of itB two peculiarly good warning; and as the quantity con
components is broken and a double decomposition sumed is especially small the time required to reach
follows; the carbon in the carbide joins the hydrogen this stage, in case of leak, is much prolcnged.
of the water, forming the hydro-carbon gas called
Being rich in carbon, acetyllne naturally yields a
acetylene, and the lime In the carbide joins the yellow and smoky flame; this is corrected by a special
oxygen of the water, forming as a residuum what we burner, which mixes a little air with it on the “ Bun
know as slacked lime, some heat being also given out sen” principle ; otherwise it works with ordinary
In the process. Before the carbide and water come piping and fixtures. Its flame is very white, very in
together the two are carbon-lime and oxygen- tense and peculiarly diffusive, far outranking the in
hydrogen; after decomposition and reunion they are candescent electric and coming next to the electric
arc; its spectrum is also olalmed to be nearer that of
carbon-hydrogen and oxygen-lime.
Carbide has so greedy an affinity for oxygen that it sunlight than any other artificial light yet known. A
will absorb that from the air and slowly disintegrate pound of oarblde ordinarily yields five cubic feet of
In so doing, leaving the whitish-gray residuum. It gas. Figured at 17 60 per 1,000 feet, Its cost by
must therefore be kept in tightly-closed metal vessels volame is high, but Its power is twelve time as great
and in the driest available place (at the top of the |as that of city gas and the quantity consumed cor
room rather than near the floor), and so long as thus ; respondingly less; stated otherwise, the usual l-fook
kept it remains as inert as a pile of hard ooal. It is i aoetylene burner is more effective than the 6 foot
not inflammable, and a fire in a building containing it ! burner w|th city gas and a distinct economy is claimed
would not affect it while the cans remained intact; 1for it. ^elbtylene gives out relatively less heat than
T he
I nvesto rs’
Su pplem ent.
INYESTOES’ SUPPLEMENT.
the other and vitiates the air leas in respect to respira
tion; its direct toxic quality when unburned is at
least not worse than that of the other, although as to
which is the more disagreeable to the sense opinions
differ.
Acetylene has such penetrative power that it is well
suited to lighthouse service, and it has been applied
to locomotive headlights, being second there only to
the electric arc.
For railroad stations and other
buildings it is excellent in every way, and it is in con
siderable use for lighing cars, where it has only two
competitors: ordinary gas as supplied on some such
plan as used by the New Yoik Central, and the incan
descent electric with a current from a generator
driven by the axle when in motion and from a storage
battery when the car is at rest. As to agreeableness
of the light the advantage probably would be held to
be with acetylene; in convenience of control and
otherwise to the passenger, in sections and berths, the
electric bulb is superior; as to comparative cost of
maintenance there are not yet enough definite figures
to determine. Indeed, satisfaction with the workings,
rather than cost of service, s8ems to have been con
sidered thus far.
F R IC T IO N D R A F T G E A R .
The primitive experimental railroad cars were at
tached together in the handiest way by ropes or
chains, but this would not serve for real use. If the
connection were flexible without being elastic, the
several oars being joined so as to act as one long car,
the train would have an unmanageable inertia and
there would be a continual series of fractures from
shock ; nor could a heavy train be started at all with
certainty if it had to be taken as one mass at one
Instant of time. So there must always be a degree of
slack or lost motion in the fastenings. This slack is
less than it used to be, and those of us who watched
the trains of, say, forty years ago, especially the
Ireight trains, can recall the jolti dgs and bumpings
of their movement. By backing up, the engine closed
the slack joints one by one; then, by pulling for
ward, the inertia was gradually and jerkily overcome
and the train started, one car at a time.
Springs were used then and are still used to absorb
these shocks of stopping and starting. Bat their
practical effectiveness is closely limited. Suppose a
would-be inventor plans to put an end to the damage
of collisions by interposing spring buffers, he comes
up against this dilemma: If the springs are not made
stiff enough to stand the impact they will plainly be
ineffective, and if they are made stiff enough they
will be so stiff that the blow would be received as
*‘solid,"and the effect would be the same as if no
springs existed. An easy spring yields too readily
and a stiff one resists too much, so that the proDlem
of nicely proportioning resistance to impacting force
is an exceedingly difficult one in mechanics. A train
moving ordinarily offers a case of the same kind as
the imagined anti-collision study, for jerks and bumps
are collisions of a low degree. Springs may be made
to exert a resistance which increases with the degree
of their movement, but this way of solution is blocked
by the fact that the permissible movement on railroad
oars is only a few inches.
Of late years a modified device for this purpose,
called “ friction draft gear," has come in, and it seems
to be the utmost possible solution of the problem.
This device has nothing to do with braking or with
[V ol . LXXV.
supporting the weight of the car elastically. The
draft portion of a car comprises in part .'wo parallel
beams, which are rigidly attached to the frame. Be
tween these beams is now placed a cylinder, which is
rigidly fast to them. The draft gear proper is within
this cylinder and is capable of moving forward or
backward in it 2£ inches, which is a half inch more
than allowable with ordinary spring gear. In the cen
tre of the cylinder is a sort of piston-rod with its
piston; around this is a spiral spring; outside of this
spring a similar and much stiffer one; outside of that
is what resembles a rather long-toothed pinion, whose
teeth mesh into the correspondingly notched inside of
the fixed cylinder. There is no rotation of either of
these toothed parts, but one slides back and forth a
little in the other.
It is Impossible to describe minutely the working
of this device without many words and the aid of
illustrations, but in general it Is thus : the pull of the
locomotive first comes on the inner and slighter spring
and compresses i t ; next on the stouter spring; next,
by forcing one coned block into another, the teeth on
the “ pinion" are forced outward a little and grip the
inside of the cylinder, the pinion being cut into eight
segments to facilitate the movement. A t first, (the
draft gear slides freely in the fixed cylinder, compress
ing the springs as it does so; then it wedges itself
harder and harder against the cylinder as jast des
cribed, until it practically becomes gripped and fast
to that.
The operation is In the same manner when the cars
crowd together as when they are pulled from each
other. When the load and resistance are light the
frictional parts may not act at all, the work being
done by the springs, which of themselves provide
elasticity enough for ordinary operations ; when the
load is heavy the grip comes sooner. Bat there are
always three effects produced together— an increased
yielding of the movable parts of the gear, an increas
ing resistance produced thereby in those parts and an
increasing pull through them on the load, which
therefore starts. The engine pulls harder and harder
on the gear, which re acts b j pulling harder and
harder on the load. In bumping together the opera
tion is just the same and the result is that the gear
automatically adjusts itself to the amount and charac
ter of the thrusts it receives.
Service on passenger and freight cars, including
tests purposely made with heavy trains, has proved
this device. The practical result is to increase the
effectiveness of the locomotive, almost put an end to
the bad mishaps of “ breaking in two," and greatly
reduce damages to couplings and car bodies, especial
ly on the modern steel car, which is less yielding in
tho nature of its material. Larger car loads and
heavier trains have thus become practicable.
T H E T IE S P R O B L E M .
It is obvious that rails can never be laid on the
ground without some intermediary support, and it is at
present impossible to conceive that there can be any
other form of support than some spaced material
which “ ties" the two lines of rail into one structure;
therefore the cross-tie will remain a factor as long as
railroads are used. Wood was the natural and ready
material, and if no question about supply arose pro
bably no other would ever be mentioned.
The metal tie which naturally first suggests Itself
is trough shaped, and this was in general the shape
October, 1902 J
INVESTORS’ SUPPLEMENT.
first used. Tims Jar, the steel tie, while it h*s been
tried experimentally on a small scale, has not been in
any practical use in this country, but it has beea in
Europe. According to the figures of Chief Engineer
Post of the Netherlands State railroads, a year ago,
on all the “ U nion" roads (German, Austrian, Dutch,
Hungarian, Roumanian, etc.) about 15 percent of
the 68,000 miles of track were on metal ties; of the
40,000 miles of main track on German territory
25 per cent were laid on them ; and the same propor
tion holds as to the Prussian-Hessian State road. Mr.
Post saw ties which had been down 35 years and
seemed virtually unchanged, and he concluded that
the Bteel tie is in constantly increasing use in Europe.
On the!* other hand, the New York Central, in 1899,
removed one experimental set after an unsatisfactory
service of three years, and another set which had had
ten years, the latter having thus done better, yet
being unsatisfactory “ in holding the track in line and
surface.” The Pennsylvania found its experiments
wholly unsatisfactory, and seemed to consider the
metal tie no longer worth serious consideration.
A form at one time extensively used in Belgium was
a piece of I-beam, with a flat base-plate riveted to the
bottom flange, in order to give breadth of support;
the ends of this base-plate were turned up vertically
against the ends of the I-beam, in order to anchor the
whole against lateral movement in the ballast. The
chief defect found in this form in practice related to
the fastenings of the track rail to it.
A composite of two concrete blocks joined by iron
straps has been devised, apparently having in its favor
the point of comparative cheapness; but we pass it by as
being an unnecessary complication. What seem3 to
be the most successful form yet tried, at least in this
country, was devised by Mr. Charles Buhrer, Roadmaster of the Lake Shore Road, and has been in ex
perimental use on that road near Sandusky; the place
chosen is on a curve in the main line in a section
where high speed is habitual. Tfiis tie is made of old
rails, which are inverted, the track rail being laid on
what was the flat base of the old rail. To get a
broader seat on the ground, the tie rests on a £-inch
plate 8 inches wide, to which it is held by angle
brackets; the exact method ot^fastening plate and tie
together and the track rail to both, it is not need
ful to describe minutely. Obviously there is always a
tendency, especially on curves, to push the entire track
bodily in a lateral direction, this tendency being
effectually met by the rough surfaces of the wood tie
and its irregularity of line. The steel tie must have
some special provision to give it a corresponding hold,
and Mr. Buhrer airn.3 to make such provision by roll
ing two downward-projecting beads in his bottomplate. In lieu of this made-up arrangement as just
described he proposes to roll out the rail head to a
width of 8 Inches, splitting it a little way to facilitate
this spreading. lie claims that his experimental ties
already laid fulfill their proper functions even better
than the wood and form the best bit of track, and his
testimony is entitled to much weight, even with the
possible bias of self-interest. Assuming a life of 30
years (outlasting four setB of wood), he claims an ulti
mate saving in coat, but this point is still too new to
permit a safe generalization on the score of economy.
There are, however, two considerations at the outset
of this tie problem. A degree of elasticity exists in
wood which metal in any shape practicable for the
parpose probably lacks, although the comparison in
5
this respect is between a solid wood blocs aud some
sort of semi-hollow metal plate. It is claimed that
this degree of cushioning effect in wood is just suited
to a track foundation, aud we must admit that a com
pletely rigid road (if such a thing could be made)
would be bad; but we do not argue this point. The
other corsideration is that the wood tie furnishes the
insulation of the two lines of rail from each other
which is necessary for electric signaling, while the
metal tie “ bonds” them together; the latter must there
fore have insulating material inserted, which Mr,
Buhrer claims is very easily done on his plan.
The crucial question is of the timber supply. Esti
mating 100 million ties required yearly, the product
of 250,000 acres of land is needed. A committee of
the Maintenance-of-Way Association has been making
inquiries of the roads, the replies being embodied in a
report to the convention in March last. As to ability to
meet their own needs from timber supply along or
near their own lines, only 18 of the 80 roads replying
report a supply in sight for as long as ten years, of the
kind of wood now used; of so called inferior kinds,
13 roads report none available, but the rest report sup
ply in sight for from three to thirty yearB.
Although these returns are incomplete, they ars
enough in line with other known facts to be in a
measure disquieting. There are three— possibly four
— modes of deferring the date of timber exhaustion.
One is by resort to what have been considered inferior
woods, holding of spike and durability of material
being the essential points. Another is by “ treatment”
with preservative agents, such as creosote, chloride of
zinc, sulphates of iron and copper, otc., and the Atchi
son Topeka & Santa Fe road has recently included in
its experiments soaking the ties in crude Texas oil, a
process which has at least the initial advantage of
cheapness. Nearly a score of plants for treating ties
already exist in the United States, and as specimens
with agreed markings, which indicate both material
and process, are laid in various places there will gradu
ally be accumulated valuable data. A recent letter of
Mr. A. Reinisch in’ the “ Railroad Gazette” suggests
the catalpa and the black locust, and relates
his "own experience of a single year with the
latter.
The Boston & Albany road is now trying
catalpa growing, and the Boston and Maine is
expected to follow; the Illinois Central also proposes
to have a catalpa plantation near New Orleans. A
fourth method for deferring exhaustion may be by
trying new woods from distant countries. Little is
known of these woods, but some may possess great
durability, and an experiment is reported by the
Pennsylvania with a mora wood from British Guiana.
Time is the easenoe of all these actual tests, and
therefore the problem can only settle itself slowly. It
is still new, and not even the life-long expert in track
maintenance has aright to dogmatize about it. But It
is already known that both treated and untreated ties,
for whatever reasons, have a Bomewhat longer life in
Europe than here. It is encouraging that the serious
ness of the problem is making itself felt and that sys
tematic and organized study of it has begun; also
that the tardy movement towards forestry, both in
conservation and cultivation, seem* to be really boglnniDg in this country. The steel tie certainly ought
not to be shelved as Impracticable; Its use abroad and
the Buhrer experiment here are sufficiently loading to
prohibit that. Trial and study of it should go along
with the rest.
6
INVESTORS’ SUPPLEMENT.
T H E P IO N E E R S E R V IC E O F R A IL R O A D S .
According to a tala in a -vivacious daily journal,
the Union Pacific Railroad has to struggle with a series
of unreasonable demands upon it for school main
tenance; these demands come from the fact that it is
the largest property owner in some of the outlying
cattle counties where its trains may run for miles
without sighting a human habitation. Thus, in Keith
County, Nebraska, is one school district in which
live three families, furnishing an average daily school
attendence of 9. The district has two teachers, one
of whom lives in one of the two schoolhouses and
draws a salary for teaching her own children. As
one of the three families finds the present distance
inconvenient, the district voters want a third house
and teacher ; but the company, which furnishes 96
per cent of the revenue, objects to the desired issue
of bonds for the purpose. In a district in Cheyenne
County the wife of a sovereign voter is teacher, and
the company protests that 20 tons of coal can hardly be
consumed annually in warming one small school-house.
This story is certainly interesting as illustrative of
life under a pure democracy, but perhaps it has had a
little spice shaken into it, and so the reader is not com
pelled to take it without the other proverbial condi
ment. Yet it has a foundation in faot, and it recalls
the land grant system, the object of which was to in
duce capital to project railroads beyond the lines of
civilization by making them sharers in the apprecia
tion which they created. When the railroads have
land to sell, they must make it valuable; they must
have traffic, and they must create it before they can
get it. Another tale, given as from official sources,
relates that the Great Northern keeps 34 men at work
in the country ea3t of Chicago, advertising the North
west. These men avoid cities, and give talks, illus
trated by lantern slides, In schoolhouses and town
halls in the rural districts; they exhibit Washington
products as object lessons, and distribute quantities of
printed matter concerning that State. In the South,
the company’s men follow the circus and work upon
the circus crowd in like manner.
There are other pioneering methods which might
be called of the “ home missionary” class. Thus, the
Illinois Central, in conjunction with the National
Good Roads Association, has run a “ good roads train”
across country to New Orleans; the Southern Road has
done the same in the territory traversed by its lines.
Such a train consists mainly of platform cars, which
carry road-making machines and road-makers; it
travels slowly, and wherever it halts it talks of the
value of good roads, explains how they are made,
and adds the most convincing object-lesson by mak
ing a piece of road, which it cheerfully as well as
necessarily leaves behind it. The first visible effect
of this effort is in founding State good roads associa
tions and awakening interest in the subject, which
leads to legislation and also always (often at once) to
|V ol. LXXV.
substituting the contract system of road-maslng for
the ancient rural custom of personally “ working out”
the road tax upon the roads.
As indicating the extensive way in which this
work is done and the time and money spent in the
effort, it may be pointed out that at the time of the
National Goods Roads Association Convention held
at Mobile November 27 to November 30 1901, the
Southern Railway Company provided a train of twelve
cars elaborately equipped with stone crushers, heavy
steam rollers and all modern road-making machinery.
This train toured the system under the auspices of
the Good Roads Association. The train left A lex
andria, La., October 29 1901, and completed its
journey December 21 at Greenville, S. C. Quite
lengthy stops were made at all important points and
exhibitions given of road-building. Various other
conventions have been held, one at Charleston in
connection with the Charleston Exposition, another
at Raleigh February 10 to 15 1902, still another at
Charlottesville April 2, 3 and 4 1902, etc., etc. All
this is part of a plan devised by the Southern Rail
way Company for the improvement of the wagon
roads of the South in pursuance of the company’s
policy to encourage the growth and development of
all territory tributary to the system.
Whoever notes the systematic and well-planned ad
vertising which a dozen or more railroads are doing
directly and examines the leaflets and booklets, most
most of them highly creditable in every respect, which
may be had at any large ticket office, will be able to
gather a notion of pioneer railroad work. Arrange
ment for extensive colonization work in the South
west, it is now announced, have recently been com
pleted by twelve roads. Soathern Missouri, Louisiana,
Texas, Arkansas, Indian Territory and Oklahoma are
mentioned as the sections included in the plans, which
are to be along the familiar lines, including low-rate
“ homeseeker” excursions. In some instances this
pioneer work has been varied by coming into some
sections of the South and showing what new crops
might be profitably cultivated there and how to go
about it.
It would be foolish to pretend that this is in any
respect or degree philanthropic work, but equally
foolish to deny that it is useful. Is is done by intelli
gent self-interest, pluckily and cheerfully pushing out
according to American methods. But the railroads
are as far from being really devouring monopolists as
from being loving philanthropists.
They cannot
thrive—they cannot even live— unless the country
thrives; and they are wise enough to know this and to
do their part towards making it thrive. This cannot
-be too often or too forcibly said, because itt is so easy
to denounce railroads right and left. Moreover, it is
blind and unfair, either in the day of general pros
perity or when the times are less kind, to forget the
risks the railroads took in pushing out into new terri
tory and their great share in developing it.
RAILROAD
(F
or
M
is c e l l a n e o u s
C o m p a n ie s
COMPANIES.
see
pag es
151
to
174
in c l u s iv e
.)
E X PLA N AT on Y.—This S u p p l e m e n t is exp ressly intended fo r use in connection w ith tlie in vestm en t n ew s and official reports published
from w eek to w eek in the Ch r o n ic l e . F requ en t referen ce is th erefore m ade to the volu m e and page o f the C h r o n ic l e (as, V . 64, p. 000)
w here fu lle r in form ation m a y be found. F o llo w in g each statem en t also is g iv e n a referen ce to the la test new s item in the C h r o n ic l e resp ectin g
the com pany. A s e v e r y such item contains a re feren ce to the last precedin g item , the rea d er can run back o v e r the com pan y’s h istory
at pleasure. Annual reports are in black-faced figures, and ita lics in dicate a paragraph headed b y the nam e o f som e other com pany.
In d e x —A n y com pany not in its regu lar alph abetical ord er m ay be found b y means o f the in dex to roads leased and consolidated.
Dividends —The dividends tabu lated in th e t e x t are those a ctu a lly p a id during the calendar years nam ed, irresp e ctive o f w hen earned.
Net earnings are g iv en a fte r deducting o p era tin g expenses and usually taxes, but n ot in terest, ren tals or oth er fix ed charges.
Securities —These are described in ta b le at head o f pa ge [e x c e p t the stock, fo r la ck o f space, som etim es o n ly in t e x t b elo w ] as fo llo w s :
M iles o f Road — Opposite bonds, this means the m iles o f road ow n ed co vered b y the m ortgage.
Size or P a r V a lu e —Shows (in dollars unless oth erw ise m arked), the denom inations or par valu e, “ 100, &o.,” sig n ify in g $100 and la rger.
Rate P e r C e n t—The in terest and divid en d ra te, p e r a n n u m is h ere s h o w n ; g., gold ; e u ro c u rr e n c y ; x , e x tr a ; s. stock or scrip.
When P a y a b le—J. & J. stands fo r Janu ary and Ju ly; F. & A ., F eb ru a ry and A u g is t ; M. & 8., M arch and Septem ber; A . & O., A p ril and O c to b e r
M. & N ., M ay and N o v.; J. & D., June and D ec.; Q.—J., q u arterly fro m Jan.; Q.—F., q u arterly fro m Feb.; Q.—M ., q u a rterly fro m M arch.
Bonds, p r in c ip a l when due, e£c.—This column shows the date w hen the bonds m atu re and the am ount and date o f the last dividend.
Abbreviations in ta b le : M. fo r “ m o rtg a g e ;” gen. M. fo r “ gen era l m o rtg a g e ;” con. M. or consol. M. fo r “ consolidated m o rtg a g e ;” inc. M .
or “ incom e m o r t g a g e ;” g. fo r “ g o l d ; ” c. or cur. fo r “ c u r r e n c y ;” guar. p. < i. fo r “ guaranteed p rin cip al and in t e r e s t ;’ ’ cum. fo r
fe
4 c u m u la tiv e ; ” non-cum. fo r “ n on -cu m u lative; ” conv. fo r “ c o n v e rtib le ; ” p ref. fo r “ p r e fe r r e d ; ” s. f. fo r “ sinking fu n d ; ” 1. gr. fo r “ land
4
g r a n t ;” r. fu lly “ registered (no coupons);” c. “ coupon; ” c.* “ coupon but m a y be registered as to principal; ” br. “ branch; ” end. “ en d o rsed ;”
“ red.” redeem able; d’m ” o r “ d r a w n ” subject to ca ll w hen d raw n b y lo t ; “ p. m.” “ p er m ile;” as’ d “ assumed.” “ x ” P rin c ip a l and in te r
est pa ya u le w ith o u t deduction fo r any ta x .
M ortgage Trustees and Stock T ra n sfe r A g e n ts ( T R Treasu rer's Office) a re in d ica ted th u s :
N. Y . C ITY—(C on clu d ed —
PlTTSBURQ—
L o u is v il l e —
B a l t im o r e —
N e w Y o r k C it y —
A — Atlantic Trust.
B B a — Balt. Tr. & Guaranty. C L i— Columbia Finance & Tr.
F P i —Fidelity T itle & Trust.
1
St? ndard Trust.
B — Bow lirg Green Trust.
C o B a — Continental Tiust.
F Li—Fidelity Tr. & Safety Vlt. P P i—Pittsburg Trust.
T a —Trust Co. of America.
Ce— Central Trust.
F B a — Fidelity & Deposit.
U P i—Union Trust.
Li Li—Louisville Trust.
I lJ n— Union Trust.
C i— City Trust.
M B a - Maryland Trust.
(Is— United States Trust.
C©1—Colonial Trust.
Me
Usm—U. S. Mort. & Trust Co. S B B a —Mercantile Tr. & Dep.
Ce— Continental Trust.
P h il a d e l p h ia —
a - Safe Dep. & Trust Co.
F— Farmers’ Loan & Trust.
S t . L o u is —
Boston—
C h ic a g o —
F P — Fidelity Trust.
Gr— Guaranty Trust.
1 1S t—Mississippi Valiev Tr
3
A B —American Lean & Trust. A C —Amer. Trust & Sav. Bank. G P — Girard Trust.
X.— Knickerbocker Trust.
S S t— St. Louis Union Trust.
G u P —Guaranty Tr. & S.Dep.
B B —Boston Safe Dep. & Tr.
> Ia —
Manhattan Trust.
E C — Equitable Trust.
Provident L . & Tr
I C — Illinois Trust & Sav. Bk. P i P —
I B — International Trust.
> Ie —Mercantile Trust.
P e P —Penn. Co. for Insur. on
J IB —Massachu’tts Loan & Tr. M C —Merchants’ Loan & Tr.
31 o—Morton Trust.
S a n F r a n c is c o —
Lives & Gr. Ann.
X B— New England Trust.
31 p—Metropolitan Trust.
N C— Northern Trust.
C S —California Safe Deposit
W P —West End Tr. & S. Dep.
O B— Old Colony Trust.
N— N. Y. Security & Trust.
R C — Royal Trust.
& Trust.
U C — Union Trust.
S B — State Trust.
N « — North American Trust.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t ic e o f a n y e r r o r d is c o v e r e d i n t h e s e T a b le s .
Bonds—P r in c i
IN T E R E S T O R D IV ID E N D S .
pal,^When Due*
M iles D ate 8ize, or
A m ou n t
of
of
Par
R a te per W hen W here P a y a b le , and by Stocks—L a st
F o r ex p la n a tion o f column headings. <fec., see notes
W hom.
Road. Bonds Value. Outstanding
P a ya b le
D ividend.
Cent.
above.
R A IL R O A D S .
A d iro n d a ck .—1st M ., gold, gn. v. &i. end., Us.c*<fcr
A k r. & B arberton B e lt—1st V i.,s.J .,text,g.U sm .c*& r
Alabam a Great 8 outh’n —“ W ’ shares (English Co.).
P ref. “ A ” shares, (English Co.) 6%, £ 8 0 0 ,0 0 0 ....
1st M. (A m erican Co.) gold, $1,750,000........ F . c
G eneral m ortgage, £1,160,000..................C e.c
Debentures, go ld (E n glish C o .)........ ................... c
Funded arrears o f divid en d (E n glish C o .)...........
Car trust notes, p a ya ble m o n th ly .........................
A labam a M id la n d —See A t l a n t ic C o a s t L in e R R .
Ala. N . 0. Tex. & Pax. J u n e —D eferred “ B ” shares...
P referred “ A ” shares, 6 p. c. cu m u la tive..............
“ A ” deben., red. aft. N ov. 1,’ 10, at 115—See te x t.c
“ B” debentures, incom e, red. a fter 1910 at 1 15 .c
“ C” deb., incom e, subject to ca ll any tim e at 100In terest cert, (secured b y £34.193 “ C ” d e b .)___
A labam a & Ten n. R iv e r - 1 s t m ort.. $1,600,000.K ..
Alabam a < Vicksburg—Stock $1,050,000...............
&
V icksb’g & M er. 1st M. gold, $1,000,000. F . .xc*
Ala. < Vicks, consol.1st M .f ($1,800,000) g ..C e .e
fe
2d M., o rig in a lly $700,000. g ......................C e .c
Albany < N o rth e rn --1 s t m o rtg a g e ......................... c
&
Albany < Susq.—Stock, d iv i’ ds guar, by D .& H. (e n d ).
&
Consol. M . ) (guar. p.«fe i. end.) cu rrency 7s. F.c*& i
now Is tM . \
do
6s, in terest on ly in g o ld ___
Albany < Verm ont—Stock, 3 p.c. guar, by re n ta l)..
&
Allegheny & Western— Stock ($3,500.000)...............
1st M. $2,500,000, gold, guar., p. & i. end R .o * ..
57
....
....
....
. . ..
290
....
....
....
143
143
143
143
35
1.42
142
12
61
61
1892 $1,000
1902
1,000
£10
....
£10
....
1878 $1,000
£100
1888
1886
£100
1888 Various.
....
$1,000,000
41 g.
2
1,000,000
4g.
£1.566,000
£676,070 9 in 1901
$1,750,000
6 g.
£526,000
5 g.
£134,000
6 g.
4
£53,257
5
$156,609
M. & S N .Y.O f.,21 C ortlandt St.
J. & D. N.Y.,U.S.Mort.<fcTr. Co.
London.
do
J. & D.
J. & J. N .Y .,F a rm .L .& T r.& Bos
J. & D. London, Glyn,M ills&Co.
do
do
F&A15
London.
£2,500,000
£10
£1,500,000
£10
£748,850
1890 £50 &c.
5 g. M. & N.
1890 £20 <fcc. £1,048,390
5 g.
1890 £ 2 0 &0.
£810,652
5 g. A . & 0.
£28,494
1901
See tex t.
F. & A.
5
$1,050,000 6 in 1902 Y e a rly .
100
1881
1,000
1,000,000
6 g. A. & O.
1889 100 &c.
588,800
5 g. A . & 0.
1889 100 &c.
601,300
5 g. A. & O.
J. & J.
1,000
400,000
1*96
5
100
3,500,000 7 in 1902 J. & J.
1876 $1,000
3,000,000
7 cur. A . & O.
1876
1,000
7,000,000
6 g. A . & 0.
M. & N.
100
600,000
3
100
3,000,000
6 g. J. & J
1898
1,000
2.000,000
4 g. A. < O.
fc
D ec. 1, 1942
June 1, 1942
Dec., 1891
J ’ne 16,’02,4%
Jan. 1, 1908
Deo. 1, 1927
A u g. 15,1906
B y slnk’ g fund
T o M ar., 1905
Lon.,G lyn ,M ills,C .& C o. N o v . l, 1910-40
M a y,’02,cp. pd. J u ly ,’02 N ov. 1,1910-40
See tex t.
N o v. 1, 1940
N. Y . K n lokb. Tru st Co.
N. Y ., C entral Tru st Co.
do
do
do
do
do
do
N o n e e v e r paid.
N .Y .,D el. & Hudson Co.
do
do
do
do
T ro y , N. Y.
N e w Y o rk , 36 W a ll St.
N. Y., G a lla tin Bank.
1951
Aug. 9, ’02,6%
A p r. 1, 1921
A pr. 1, 1921
A p r. 1, 1921
Jan. 1, 1946
July, 1902, 31
#
A pr. 1, 1906
A pr. 1, 1906
M ay 15,’0 2 ,1 ^
Ju ly 1, ’ 02, 3
Oct. 1, 1998
RR. (land gra n t) bonds, $1,364,000; N. O. & N . E., $4,900,000 gem M.,
A d i r o n d a c k R y . —Saratoga to N o rth Creek, N. Y ., 57 m. Stock,
$2,600,000: par, $100. Th e bonds ca rry th e endorsed gu aran ty o f the $954,200 incom es and $5,320,000 stock; S. W . Construction Co.,
D elaw are & H u d so n ; $1,000,000 bonds reserv ed fo r extensions at $448,700 stock.
C o u p o n s P a id —F o r ’ 91. ’92. ’93. ’ 94. ’ 95. ’ 96. ’ 98. ’ 99. ’00. ’ 01
$20,000 per m ile o f com pleted road. In y e a r en din g June 30, 1902,
5 5
5
5
5
5
5
5
gross, $201,957; net, $29,015; oth er incom e, $264; charges, $53,421; “ A ” D eben tu res.. P. c. 5 5
In 1900-1, gross,$190,339; net, $52,573 — (V. 59, p. 1102; V; 69,p. 1010.)
“ B”
do
. . P . c , 2 h 2*2
0 *875 1
2 ^ 2% 4*8 5 B e lo w
do
. . P . c . .,
..................................................
1% 0
A k r o n 6c B a r b e r t o n B e l t R R . - O w n a a b elt lin e around B a r “ O ”
Th e N o v., 1901, coupon on B debentures w as paid Jan., 1902, and the
berton, O., 2a -17 m iles in len gth , w ith 13*75 m iles under construction
in A u gu rt. 1902. A consolidation in M ay, 1902; V. 74, p. 1038. M ay, 1902. on J u ly 1, 1902. A p a y m e n to f 2% n. o. on “ O ” debentures
Stock, #100,000, ow ned e q u a lly by the Pen n sylva n ia R R ., Balt. & w as m ade in Feb., 1902. V . 74, p. 93.
E a r n in g s .—See separate statem ent fo r each o f th e con trolled com
Ohio, Erie RR, and the V a n d erb ilt Interests. Bonds authorized, $1,panies. In yea r en din g Dec. 31, 1901, n et from in vestm ents w as
500,000; $500,0 0 re serv ed fo r fu tu re requirem ents. T h ey m a y b e
£114,599; paid gen era l expenses (£3,591), incom e tax (£5.681), in te r
drawn at 105 by lo t y e a r ly Deo. 1. beginn in g 1903. b y a sin kin g fu nd
est on “ A ” debentures, (£35,395), on “ B” debentures 5 p. c. (paid in
equal to l per cen t o f am ount o f bonds issued, V. 75, p. 440. "Presi
Lent, Jam es M eCrea; Secretary, S. B. L i g g e t t — (V. 74, p. 1088; V . 75, Jan., 1902), £49,470; on “ C ” debentures, 2^8 p. o., £20,038; balance,
440.)
in clu ding £871 from 1900, £931.— (V . 74, p. 93, 477, 678; V. 75, p. 76.)
A l a b a m a 6c V t c k a b u r j* : R y . —Ow ns Vicksbu rg to M eridian, Miss,
A l a b a m a G r e a t S o u t h e r n I I R . —(See M ap Southern R a ilw a y .)—
Owns Wauhatchle, Term., to M eridian, Miss., 291 m iles; branch lines and branch, 143 m iles, a ll steel rails. C on trolled by A la b a m a N e w
owned, 6 m iles; leases w auh atehle to Chattanooga, 5 m iles, and B elt Orleans T ex a s & P a cific Junction Co., which see. R eo rg a n iza tion o f
Ry. of Chattanooga, 45 m iles; tra ck a ge to B lockton, A la ., 8 m iles, and the Vicksburg & M eridian foreclosed Feb. 4,1889 (see V .48, p. 190).
W oodlawn, 19 m ile s ; to ta l operated, 374 m iles.
STOCK.—Th e stock w as increased in 1900 from $700,000 to $1,050,Or g a n iz a t io n .—Controlled by Southern R y.. but operated Independ 000 by 50 p. e. distribution to shareholders, to re p res en t earnings a p
ently. V. 60, j>. 26; V. 61, p. 375. A la . G reat So. R y ., L im ite d , plied to additions and im provem ents since 1889. V. 70, p, 632,
owns all of the stock and debentures Of A la. G reat So, R E ., and has
D iv id e n d s .—’ 90 to ’92, 3 p. o. yrly.; ’ 96,3; ? to ’ 99,5; 1900 to 1902,
97
issued in place th ereof its ow n stock and debentures resp ectively
6 y e a rly .
for a like amount. The tw o com panies own J o in tly $833,300 stock
B o n d s .—T he n ew seconds w ere incom e till A p ril 1 ,1 8 9 4 ,and a r e a
of Southwestern Construction Co. re ceived In exch an ge fo r $833,first lien on the lands—45,393 acres. O f the $1,800,000 consols author
800 (fin. N, O. h T ex . Pao. stock. See V. 65, p. 1173.
ized, $1,000,000 are w ith trustee to retire V. Si M. firsts.
St o c k .—O f the capital stock o f the English Co. the Southern R a ilw a y
E a r n in g s .— F iscal y e a r ends June 30. F o r 2hj mos. en din g Sept. 14,
Co, on .July 1, 1902, owned $1,725,000 “ A ” shares and $1,540,050
1902, gross, $184,368, again st $177,911 in 1901. R ep ort fo r 19004 B” shares. V. 61, p. 26. F o r rig h t to dividends see M arch, ’94, BtJPP,
4
1901 in V. 73, p. 1157.
D iv id e n d — ) ’ 90, ’ 91. ’ 92. ’ 93 to ’ 95. ’96. ’ 97. ’ 98. ’ 99. '00, '01. ’ 02,
Years— Gross.
Net.
Interest, etc. TiaL, sur. D iv id e n d .
M ” shares.% > 9
A
6
6
0
6
9
6
6
8
9 June, 4 1901-02 $1,019,814
$254,282
$108,021
$140,258 (0)$03,OOO
“ B ” shares.% ) 0 1 ^ 0
0
0 0 0 0 0 0
.... 1900-01.
920,069
235,340
131,384
103,950
*6)03,000
B o n d s ,—G eneral M. 6s, £184,000, w ill retire 1st 6s and debentures. ! —(V. 71, p. 750; 0 0 8 ; V. 7 3, p. 1 1 5 7 .)
A l b a n y 6c N o r t h e r n R R . — In Sept., 1902, re c e iv e r w as applied
L a te st E a r n in g s - 2 raos. / 1002...... Gross, $429,861 ; n et, $111,101
July 1 to A u g 31.
\ 1001......Gross, 382,595; net,
100.225 for. (V. 75, p. 010.)
A l b a n y 6c S u s q u e h a n n a R R ,-*-(See Man Delaware J! tlu d s o n .)a n n u a l R e p o r t . - R e p o rt for 1901-02,In V. 7 5 ,p .0 0 4 , showed:
Gross, $2,487,451; net, $713,243; Other Income, $1 1,561; in terest i R o a d . Owns A lb a n y, to Binghamton, N. V ., 142 miles. Leases,
Goblcskill, N. Y., to c h e rry V alley, 21 miles, p ra ctica lly owned by
On bonds. $286,142; incom e tax, etc., $32,432; balance fo r stock,
D. S II.; total operated, 163 tnlloH,
l
$405,833; dividends on stock o f Am erican Co, (0 per cen t), $ I n >,437.
h i .d fo r 150 years from Feb., 1870, to D elaw are A Hudson Com
ZT(V - r‘9* PV *71, p. 601, 8 1 l, 1218; V. 73, p. 443, 1 0 0 8 ; V
pany. Lessee guarantees 7 p. e. per annum on stock till A lban y C ity loan
75, p. 0 0 4 .)
fo r $ 1 ,000,000 is paid by s in k in g fu n d , th ereafter 9 n. e. (See w ording
A l a b a m a B id la n d I t y . —See A tla n tic Coast Line EH.
o f guaranty in V. 50, p, 774.) 'n ils Indebted ness w ill bo extinguished
A l a b a m a N * \ v O r l e a n s T e x a s 6c P a c i f i c J u n c t i o n
Ila llJu ly 1, 1902. First, semi annual divid en d o f 4 ,y p. o, w ill bo payable
w n y « ( ! « . ( L i m i t e d . ^ —•Tills l e a n En glish c o m p a n y coni r o llin g A la
Jan. 1, 1903. V. 74, p 475.
bfuna A V icksburg, 143 m ile s ; V ic k s b u r g S h r e v e p o r t 4 Pacific, I 89
A n n u a l K k.j-o r t . Earnings fo r years ending June 30:
mbes ; Nn w O rlea n s & N o r t h E a s te r n , 19 6 miles.
Gross.
Net ovt r faxes. Urn tats.
ftaL.srur.
Hf/ J I I r i t i k h OWMKI). -A.la. & Viekab. $ 3 0 , 0 0 0 1st m o r t ., $ 3 8 7 , 7 0 0 2d
$ I,4 (it,7 0 5
1900 01...................... $4,850,205 $2,524,129 $t.OM>,30l
M v $ 1 4 1 , 1 0 0 consol. 1st M . and $ 5 8 1 , 5 0 0 stock; V. H. v P.. $ 1 , 3 8 0 ,.........
1,803,240
2 .. 5,029
1,050,093 $1,478,907
000 gen. M ., $ 2 , 0 8 0 , 10 0 pr. a n d $ 2 , 7 7 3 , 5 0 0 com. s to c k ; V. H, -V Pao,
.
(V. 72. p. 987; V. 73, p. 337; V. 74. p. 1080; V. 75, p. 342.)
INVESTORS’ SUPPLEMENT.
h
[V o l
LXXV.
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Due*
A m ou nt
Par
of
of
F o r exp la n a tion o f colum n headings, &o., see notes
R a te per W hen W here P a y a b le and by Slocks—La st
Road. Bonds Value. Outstanding
on first pa ge o f tables.
Cent.
P a ya b le
Whom.
D ividen d.
R A IL R O A D S .
Allegheny Valley— 1st M., guar. Penn. R R ............. c
M ort. to State Pa., $100,000 due Jan. 1, y e a r ly ..r
Gen. M. ($20,000,000) g., guar. p.<fc i. FPi.x.c*<fcr
A llentow n R R . (leased to Ph ila. & R ea d in g R y .) ..
Allentow n Term ’l—1st M ., gu a r.p .& i.(en d .)g.C e.xc*
A n n A rb o r— 1st m ort., $7,000,000, g o ld .fflp x ...c *
A n n a p olis W ashington < B a ltim ore.—S tock...........
£
A riz o n a < JJiah^- 1st M., $600,000, g o ld .C o ........ c*
&
A r k . V .& W .—1 stM .($3,500.000),g ,red. t e x t.S S t c *
A sh la nd Coal < Ir o n —S tock......................... ............
£
1st refu ndin g m ortgage, $400,000 g o ld .N ___
A tch. < EasVn B rid g e — 1st M jr.,s. f., red., te x t.C e
&
A to h A s o n T o p e k a & S cm ta F e B y . —Stock, co m ..
Stock, p referred, $131,486,000, 5 p. c., non-cum..
Chic. & St. Lou is 1st M. ($10,000 p. m.) c u r .F - .c
Chic. Santa F e < Cal., 1st m ort., g o ld .B K ..c * & r
fe
G eneral m o rtgage, gold, see t e x t . . ........ Un.c*<fcr
A d ), inc. M ..cum . fro m J u ly 1, 1900, g., Ce.c*«fcr..
Deb., g., S er.A t o L , $2,500,000ea.; ca ll 105 G c<fer
Hutch. «fe So., 1st M., g.,red . 105 aft. 1907.O R .c *
S. F r.& San Jo. V a l., 1st M .,g .,c a lla ft.l9 1 5 .M e .c
A tla n ta
Charlotte—Stock (see t e x t ) ........................
P re f. M. (old 7s e x t. in 1897), see V. 64, p. 286.C*
1st M. [v o tin g p o w e r , 10 votes fo r each bond] cur.r
In com e bonds (n ot cum.) extend ed in 1900.........
A lla n . K n o x v . & N o. R y — 1st M., $1,000,000, g C e
Consol, m ort., gold, $10,000 p er m ile. U s ........
A tla n ta < West P o in t—S tock.......................................
£
D ebentu re certificates............................................
A tla n .& B irm in g h .—Is tM ., $1,400,000, g., tex t. F .c *
A tla n tic City— 1st M., $2,200,000, gold
G i i P . xo *
A tla n tic C ity purch. m oney real est m o r t.M .«-P .
a O rig in a lly N o v. 1. In Oct.. 19o2. in terest on
259
259
259
” 3
292
20*2
25
1870
$ & £
1870 100,000
1892
1,000
50
1889
1,000
1,000
1895
100
1,000
1899
1902
1,000
22
1900
1,000
1898 500 &c.
100
7,860
100
1,000
142 1885
1887 l,000<feo
7.822 1895 500 &c.
7.822 1895 500 <fcc.
1902
1,000
1,000
142 1898
1,000
375 1896
100
269
1,000
265% 1877
1,000
265% 1877
1880
500
228 1896
1,000
228 1902
100
86
1,000
1881
1,000
108 1900
L.000
83 1889
1,000
1900
$20,6 73,000 had bee
A l b a n y Sc V e r m o n t R R . - O w n s road from A lb a n y to W a te r
fo rd Junction, N. Y ., 12 m iles, Leased to R ensselaer & S aratoga in
1860 and n ow operated b y D. < H . Canal Co. A n n u a l ren ta l, $20.000.,
fc
A l g o m a C e n t r a l R y * —V. 70, p. 1?48; V. 72, p, 480; V . 73, p. 1110.
A l l e g h e n y Sc W e s t e r n R y . - ( S e e M ap B u ff. Roch. < P itts .)—
£
P u n xsu ta w n ey to B u tler, Pa. (about 60 m iles), opened Sept. 4,1899.
A n exten sion o f B u ffalo R och ester < P ittsbu rg, to w hich leased in
fe
p erp etu ity fo r gu a ra n ty o f bonds and 6 p. c. on stock. Uses P itts.
< W est, fro m B u tler to N e w C astle and P ittsb u rg under a tra ck a g e a r
fe
ran gem en t, m a k in g in a ll 135 m iles. See a p p lica tio n to lis t in fu ll, V.
70, p. 849.— (V . 70, p. 840, 8 4 9 ,1 2 4 8 ; V . 71, p. 501; Y . 74, p. 774 )
A l l e g h e n y V a l l e y R a i l w a y . —Owns fro m P ittsb u rg to O il City.
P a ., 133 m ile s ; R e d Bank, Pa., to D riftw o o d , 110 m ; others, 18 miles.
O r g a n iz a t io n , &c.—R eorgan ization M arch 1 ,1 892, o f the A llegh en y
V a lle y R a ilro a d , foreclosed p er plan in V. 53, p. 3 2 4 ,3 6 8 ,5 2 0 ; V.
54, p. 409, 524. R oad con trolled b y the P en n sylva n ia R R . Co. as m a
jo rity stockholder, o w n in g $9,653,800 o f the $10,544,200 com m on and
$11,876,656 o f the $17,172,750 o f 3 p. c. cu m u la tive p referred stock;
au thorized issues $12,000,000 and $18,000,000, re sp ective ly, in $50
shares. W ord in g o f pref. certifica te w as in ed ito ria l o f Su p p l e m e n t
o f Oct. 30,1897, p. 3. Road w as taken o v e r under lease b y the Penna.
R R . A u g. 1, 1900, fo r 20 years, ren ta l bein g the n et earnings. Y . 70,
p. 27; V . 72, p. 491.
B o n d s .— General m ortgage is guaranteed b y Penn. R R . b y en d o rse
m en t on each bond. B eal estate m ortgages, Jan. 1,1902, $589,065.
R ep o rt fo r 1901, V.74, p. 934, showed: Gross, $3,783,963; net, $1,398,443; oth er inc., $91; int., taxes, etc., $1,144,738: bal., sur., $253,7 9 6 a ll applied to im provem ents. - ( V . 72, p. 674; V . 74, p. 829, 9 3 4 .)
A l l e n t o w n R R , - T o p t o n t o K u tzto w n , P a .,4 % m .; R ea d in g system .
A l l e n t o w n T e r m i n a l R a i l r o u d . —Owns 3% m iles o f ra ilroa d in
A lle n to w n Pa., connecting the E ast Penn. (Ph iladelph ia & R eadin g)
w ith the Central o f N ew Jersey. Leased fo r 999 years to Ph iladelph ia &
R ea d in g and Central o f N e w Jersey (b y assignm ent from L eh igh Coal &
N a vig a tio n Co.) at in terest on bonds and 5 p. c. on $450,000 stock (par
$50). bonds bein g guaranteed, principal and in terest, b y P h ila d elp h ia &
R ea d in g (foreclosed) and L eh igh Coal < N a viga tion . The P h ila . <
fc
&
R ea d in g Ry. Co. in 1896 assumed the R ea d in g’ s share o f the old lease.
A n n A r b o r R R . — (See M a p .)—Owns road from Toledo, O., n orth
w esterly to F ra n k fo rt, on L a k e M ichigan, 292 m iles; operates car
ferries betw een F ra n k fort, M ich., K ew a u n ee and M ain to woe, W is.,
and M enom inee and G ladstone, M ich., and M anistique, Mich.
Th e
P e r e M arqu ette uses the T o led o term inals.
O r g a n i z a t i o n .—Successor N o v . 1, 1895, to T o l. A n n A rb o r & N or.
Mich., foreclosed under Q uintard L a w ren ce p l a n in V. 59, p. 782. In
M a y, 1902. a syndicate closely id en tified w ith tb e G ould in terests pu r
chased con trol and the road w ill be used as a fee d er fo r the W abash
R y. V . 74, p. 1088.
St o c k .—Common, $3,250,000; p referred , $4,000,000; 5 p. c. noncum ulative; p a r $100. P re f. stock cert. S u p p . Oct. 30,1897, p. 3,
B o n d s , E t c . - T he first m o rtgage (trustee, M etrop olita n Tru st Co.
N . Y .,) co vers en tire prop erty, inclu ding term inals and fre ig h t boats
F lo a tin g debt June 30, 190^, b ills payable, none; current lia b ilities,
$255,704; cash and current assets, $679,931.
E a r n in g s .— 2 mos., >190 2 ................. Gross, $296,889; net, $110,254
Ju ly 1 to A u g. 31. S 1901................. Gross, 300,804; net, 107,127
A n n u a l R e p o r t .—R ep o rt fo r 1901-02 was in V. 75, p. 607, s h o w in g :
Year end Ju n e 30—
1902.
1901.
1900.
1899.
Gross e a rn in gs...........$1,893,410 $1,754,148 $1,721,453 $1,519,334
O p era tin g expen ses.. 1,373,056 *1,309,163
1,321,620
1,172,390
N e t ea rn in gs........
D educt—In te r, s t .......
T a x e s ..........................
$520,354
280,185
52,312
$144,9 »5
281,331
49,733
$396,833
283,805
46,003
$346,944
288,803
40,153
B a lance, surplus.. $187,857
$113,921
$67,025
$17,988
•O peratin g expenses in 1902 include $150,434 expen ded fo r new
p ro p e rty aud im provem ents, agaiu st frl78,614 in 1900-01, and sm aller
amounts in previou s years.
Presiden t, Joseph R am sey Jr.; Sec., D. C Tate; Treas.. H B H e n
son, directors, Oct., 1902, V. 75, p. 610- (V. 75, p. 3 9 1 ,3 9 3 . 6 0 7 ; 610.)
A i f i i i a p o l f * W a s h i n g t o n Sc B a l t i m o r e R R . —Owns road from
A n n apolis to A n n apolis Junction. 20% miles. C on trolled by the B alt.
& Ann. Short Lin e, which owns the stock. (V . 64. p. 1223.)
D iv ’s— > ’ 89. ’90. ’91. ’92. ’93. ’94. ’95. ’96. ’ 97. ’98. ’99. ’00, ’01, ’02.
R a te p.c. S 4 4*4 5*H 6 % 5% 6*36 4% 4*4 3 4% 4% 5 4% Jan.,4
E a r n in g s .— 11 months,
> 1901-2........Gross, $76,506; not, $2 ',256
J u ly 1 to M ay 31.
S1900-1........ Gross, 59,**58; net, 18.*63
R e p o r t .—F o r y e a r ending June 30, 1901, gross, $66,089; net, $20,152. In 1899-0, gross, $72,184; net, $22,033; dividends, $21,480; balsurplus, $5,530. Pres., J. W ilson B row n , B alt.— (V. 75, p. 3 41, 393.)
A r i z o n a Sc U t a h R y . —Owns M cConnico to 3% miles beyond
Chloride, A riz., 25 m iles, opened A u g. 18, 1900; trackage, K in gm an
to M oPonnico, 4 m ile s; tota l, 29 miles.
Stock, $600,000; outstanding June 30, 1902, $467,000; par,
$100.
O f the bonds $334,000 w ere issued on first 25 miles,
ana oaiance is to be issued on com pletion o f rem aining 25 miles.
T h e loan is not subject to call as an en tirety, but a sinking fund w ill
re tire at 110 (draw in gs b y lo t) one per cen t sem i-annually, coiumenc-
$9,998,000 6 g. or 7
700.000
5
5.992.000
1,268,884 incl. f i ,
450.000
4 g.
7.000. 000
4 g.
=
358.000 See te x t
334.000
6 g.
See tex t.
4 g.
773,500 See text.
300.000
a g
600.000
4 g.*
102,000,000 4 in 1902
114,199,530 5 in 1902
1.500.000
6 cur
629.000
5 g.
138,728,500
4 g.
51,728,000
4 g.
30,000,000
4 g.
195.000
£ g.
6.000. 000
5 g*
1.700.000 7 in 1902
500.000
4
4.250.000
7 c.
750.000
4
1,000,000
5 g.
See te x t
4 g
1.232.200 6 in 1901
1.232.200
6
593.000
5g.
2.200.000
5 g.
75,000
4*2
n stam ped p ayable M
A . & O.
J. & J.
M. & S.
071,400
J. & J.
Q .- J .
J. & J.
A. & O.
J. & J.
Q .- M .
M. & N.
J. As J.
J. & D.
F. & A.
M. (fe S.
J. & J.
A. < 0.
fc
See a
F. & A .
J. & J.
A. & 0.
M. < S.
fe
A. & O.
J. & J.
A . < O.
fe
J. & D.
M. (fe S.
J. & J.
J. & J.
J. & J.
M. & N.
A. & O.
. & N.
Ph il., Pa. R R . Co. & Lon,
Philadelph ia,Pa. R R .C o
do
do
under R ea d in g Co.mort.
N ew Y o r k and Phila.
N .Y ., M etropol. T r. Co.
Stk.ow n.by B.& A.Sh.L.
N. Y ., C ontin.Trust Co.
N e w Y o rk and St. Louis.
Check from Co.’s office
N .Y .,N .Y . S ee.& T r. Co.
N. Y ., C ent’l Tru st Co.
Checks m a iled fr. N . Y .
do
do
N. Y ., 59 Cedar Street,
do
do
do
do
do
do
N e w Y o rk .
Atch. off.,59Cedar.N.Y.
U nion Tr. Co.,San Fran.
N .Y .Oent.Tr.Co.,54 W all
do
do
do
do
do
do
N e w Y o rk .
Office,L. A N .,120 B ’w ’ y.
A tlan ta , Ga.
do
do
W a y cro ss,G a .,a n d N .Y .
Ph ila.. Read. Ter. Bldg.
do
do
V . 70. p. 944.
A p ril 1, 1910
Jan. 1/03, etc.
Mch. 1, 194S
o f 1896.
J u ly 1, 1910
Ju ly 1, 1995
See tex t.
A p r. 1, 1929
J u ly 1, 1952
Jn ’e 20/02,4%
M a y 1, 1925
J u ly 1, 1928
Deo. 1 ,1 9 0 2 ,2
Aug. 1, ’02,2%
Mch. 1, 1915
Jan. 1, 1937
Oct. 1, 1995
Ju ly 1, 1995
Feb., 1903-14
Jan. 1, 1928
Oct. 1. 1940
Sept. 6 / 0 2 ,3 %
Jan. 1, 1907
Jan. 1, 1907
Jan. 1, 1907
Dec. 1, 1946
Mar. 1, 2002
Ju ly 10, ’01, 3
Co’ s option.
Ju ly 1, 1920
M a y 1, 1919
A p r. 1, 1930
in g June 1, 1903. F o r y e a r ending June 30,1902, gross. $31,811?net, $6,885; charges, $20,040; balance, def., $13,15= Presiden t, F. L.
».
U n d e rw o o d ; Sec. and Treas., R. H . E ggleston. 31 Nassau St., N . Y .
A r k a n s a * Sc C h o c t a w R y . —P rojected fro m H ope, A rk ., to A r d
m ore, I. T., 223 m iles, o f w hich 99 w as com pleted in Ju ly, 1902, and
balance to be at end o f year. Th e St. Louis & 8an Francisco purchased
control, ta k in g possession A u g. 1, 1902; nam e w as reported to be
changed to 8t. Louis San Fran cisco & N e w Orleans R R .— (V. 75, p. 76,
848.)
A r k a n s a s S o u t h w e s t e r n R y . —Sm ithton to P ik e C ity, A rk ., 34
m iles; branch, G urdon Jet. to G atretow n, 28 m iles, opened Oct., 1901;
also in Oct., 1901, acquired U ltim a Th u le A rk a d elp h ia & M ississippi
R y ., D a le v ille to Cam ptow n. 43 m iles; total, 105 miles. A reorga n iza
tion o f the Southw estern A rkan sas & In dian T e r rito ry R y., sold in
foreclosu re M ar. 13, 1900. V. 70, p. 532, 895. In M arch, 1901, sold
to n ew owners. F o r yea r ending June 30,1901 (34 m iles), gross, $49,202; net, $5,805; to ta l deductions, $1,577; bal., su r„ $4,228. P resid en t,
W illia m G rayson, St. Louis. M o .—(V. 70, p. 895; V . 73, p. 1060.)
A r k a n s a s V a l l e y Sc W e s t e r n R R —T o ex ten d from R ed F o rk on
the St. Lou is & San Francisco betw een Sapulpa and Tulsa, I.
n orth
w esterly to Enid, about 140 m iles, w ith branches. In co rp o ra ted Jan.
31,1902. In A u g., 1962, reported to be purchased b y Eastern parties.
V. 75, p. 288. Stock authorized, $3,500,000. Bonds are subject to call a t
p a r and in terest on and a fte r Ju ly 1,1912, o r at any tim e at p a r if*
an extension is arran ged a t a lo w e r ra te o f interest. Presiden t, C. G.
Jones, O klahom a C ity, O .T .; Sec., John B. Lin den .—V. 75, p. 183, 288.
A s h e v i l l e Sc S p a r t a n b u r g
R R . —See Southern R a ilw a y ,
C arolin a D ivision .
A s h l a n d C o a l Sc I r o n R y , - A s h l a n d to S traigh t Creek Junction,
K v ., 22 m. Ches.<fe Ohio has trackage o v e r this road. The m in in g in te r
ests w ere in Jan., 1902, tran sferred to A shland Cron & M in in g Co., stock
b ein g reduced from $ t ,517,000 to $773,500. Bonds, see V.71,p.27. Y e a r
ending M arch 1, 1900, gross, $385 512; n et above interest, im p ro ve
ments, etc., $332,093; in 1898-9, gross, $111,674; net, $59,780. D iv i
dends in 1895-96 4 p. c.; in 1896-7, 4 p. c.; in 1897-8, 4 p. c.; in 1898-9,
4 p. c.; in 1899-0, 4 p. c.; June, 1900, to June 20. 1902, 6 p. c. y e a rly
1% p. c. Q M ), and in June, 1902, 3 p. c. extra; the Sept., 1902, div.
w as passed.— (V. 75, p 732; V . 75, p. 76, 732).
A s t o r i a Sc C o l u m b i a R i v e r R R . —G oble to Seaside, Ore., 79
m iles; branch, W arren ton to N ew A storia , 2 miles; trackage, G oble to
P ortla n d , 40 miles; total, 121 m iles. 8tock outstanding, $1,619,000;
par, $100. Bonds authorized, $8,000,000 100-year gold 4s, due Aug.
7 .1 996, Interest F. & A ., issuable at $40,000 per m ile ; outstanding,
$3,280,000. C en tral Tru st Co., Trustee. Y e a r en din * June 30, 1901,
gross, $232,426; net, +84,5S7; charges, $163,818; bal., def., $79,231.
Pres., A . B. H am m ond, A sto ria , Ore.—(V. 67, p. 426.)
A t c h i s o n Sc R a s t e r n R r i d g e . —Owns railroad and w a gon b rid ge
at Atchison. Kan., conn ectin g w ith the union station. Used b y the
Atch. Top. As Santa Fe, the Chic. R. r & P., the Mo. Pa,c. and the Chic.
Burl. < Quin. A reorga n iza tion o f the Chic. < Atch. B rid ge Co. fo re
fc
te
closed Mar. 4, 1898, per. plan V. 65, p. 366. Stock, $700,000; par,
$100 per share. A sinking fund equal to the difference betw een the
annual in terest on the outstan ding bonds and $30,000 w ill retire
bonds y e a rly at p a r and in terest (b y lo t if n ot purchasable iu the open
m arket). Y e a r en din g Dec. 31, 1901, gross, $87,884; net, $77,476;
charges, $32,702; sinking fund, $5,501; renew als, $39,704. Pres,
and Treas., H o w a rd P. E ells, C leveland, O.— (V. 67, p. 578.)
( T h e ) A t c h i s o n T o p e k a Sc S a n t a F e R a i l w a y . —(See M a p )—
T h e system operated Ju ly, 1902, com prised 7,876*70 m iles o f
railroad, and em braced an unbroken lin e o f track from Chicago,
111., v ia Kansas C ity, Mo., and A lbu querqu e, N. M., to the P a cific Ocean;
also to G alveston, T ex ., and the G u lf o f M exico.
O r g a n iz a t io n .—1 his com pany was organ ized on Dec. 12, 1895
T
under the gen era l law s o f Kansas, b v the purchasers at foreclosure
sale o f the p ro p e rty and franchises o f the A tchison T. & Santa F e RR.
Co. in accordance w ith a reorga n iza tion p la n . V. 60 * P- 65 8.
The ra ilw a y com pany in J W y, 1902, ow n ed in fee 5,044 miles o f the
system , including the lin e from A tchison to the w estern boundary of
Kansas, 471 miles, and also all, or n ea rly all, the bonds and stocks of
the various com panies in w hich the title to the other lines is vested. Y.
68, p. 974. A list o f such holdings is in the gen eral m ortgage (iu V.62,p.
732, 733, and successive annual reports). See V.69, p 1300; V.71, p. 27.
F o r op era tin g and sta tistical purposes the system is d ivid ed as follow s
Miles.
A tchison T. & S. F ............4,843^61 Santa F e P a c ific ............... 875*30
G u lf Colo. At S. F ............... 1.177*81 8. F. & 8an Joaqu in Yal... 372*48
Southern C a lifo rn ia ......... 478*33 South. Kans. Ry. o f T e x .. 129*17
T o ta l o f a ll................................................................................... 7,876*70
A ls o controls th e Santa Fe Prescott & Ph oenix, the C a liforn ia Easteru, the Pecos V a lley & N orth eastern and G u lf Beaum ont & Kansas
C ity, 750 m iles in all, V. 75, p. 680.
San Francisco & San Joaquin V a lle y R y. (operated from July 1.
1900, and m erged in June, 1901) em braces 373 m iles o f road ana
affords the A tchison an independent connection o f its own to San
Francisco. V. 68, p. 426; V .6 7 p. 841.1355; V .7 1 ,p . 605; V. 7 2,p. 1134.
In Aug., 1901, the Eastern Oklahom a R y. w as incorporated to build
14 lines in Oklahoma, in all 815 m., 100 bein g operated Ju ly, J902, ana
150 additional under construction. V. 73, p. 736; V. 74, p. 150; V. 75,
p. 610. In June, 190?, co n trol o f tlie C aliforn ia & Eastern R y .t Blake
to M an vel, C a l , 45 m iles, w as purchased. In July, 1902, it was pro-
Two Harbors
THE ANN ARBOR RAILROAD
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N a tion a l
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Galena
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Ciudad Juarez*
N o g a le s
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SAN ANGELO'S?
sierra Blauca
0Janos
JMagdalena
T
bbastiar
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.CARTHAGE
\Chihuahua
Mobl
c
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Sabinas
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T en a d it oJ$
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lA
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o Sinaloa
SYSTEM.
rASHBURN*
LBu Qu er q ue
A N D
SANTA FE RAILWAY
AMAR 1LL
o ^ f *
* Rosart
ATCHISON, TOPEKA
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.
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crres'bV *-..^ ^ V ^ G i J ^ F r i s c J t , ^ ^
Congress
Gi^dU
SlLVErR.jCIJYav/
A lta r
MAP OP THE
C
?
f| z O N A / ^ N EW f( iS w l"CQ
A u w if IVl EX /«*
PrescotiC j1
C/ry
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W jL $ g g
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ID
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o
P
31 E JC J
C O
October , 1902.J
RAILROAD STOCKS AND BONDS
R A IL R O A D S .
M iles D ate i Size, or
of
of
P a r 1 A m ou n t
F o r explan ation o f column headings, etc., see notes
Road Bonds Yalu e. !Outstanding
on first page o f tables.
.1
66 1898 |
$350,000
Alla n . C ity—(C o n .)—S e a C .,p r .lie n M .($350,000) g.
A ll.
1901 $i,bo'o
1,063,000
A tl. C ity 1st con. M., $4,500,000, g., p.& l.g u .G P
....
....
A tla n tic Coast L in e Go. ( C on n .)—Stock, $30,000,000
100 10,000,000
....
5,000,000
1897 100 &c.
Ctfs. o f indebt., inc., non-cum., $6,000,000.r.s B a .
....
5,000,000
do
do
do
red. a t l0 5 a ft’r 2 0 y rs .S B a
1900 100 <fec.
....
A t l a n . C o a st L i n e JRjR.—Stk., comm on (te x t)
100 22,150,000
....
Class “ A ” com. stk. tax exem p t (Rich. & Pet. ctfs.)
100
1,000,000
....
....
100 18,850,000
P referred stock. 5 per cent, $20,000,000..............
1st consol. M , $80,000,000, g., t e x t. U * ----c*& r 3,453 1902 | 0 0 & c 31,034,003
l,0
....
1902 1
Collat. tru st M., gold, sec. by L. & N. s t o c k ......
See t e x t
B o n d s U n d e r l i in g 1st Co n s o l 4 s.
102 1883 ! 1,000
657,000
No. E a st (S.C.), cons. M., g., Flor. to Charlest’n.c
192
1880
1,600,000
W ilm . Col. & A u g., 1st M., (W ilm . to C olu m bia).
1,000
674 1898 | 1,000
5,547,tOO
A t.C .L .o f S.C., gen. 1st M., $8,000,000, g .S B a .e *
59
868,000
P etersb u rg M., class A , g o ld .................................
1881; 1,000
59
Do
class B, g., (Petersb. to W e ld o n ).
1881
1,000
800,000
23 1875 500 &c.
340,500
Richm d & Petersb., 1st m ort. ($24,500 are 7s) ..
1,000
27 1890
Con. M., g. (Rich, to P et., e t c .j.C e ........ ........ c*
300,000
468
W ilm . & W ei. gen. M .($938,000 a re4 s) S B a .g .* c
1885 i 1,000
4,000,000
177 1899 | 1,000
Y a d .D iv .,l8 tM .,g .(S a n .to W il.,N.C.<fcc.).SBa.c*
1,800,000
86 1897 ! 1,000
W il. & N e w Bern, 1st M., gold, assu m ed .S B a
500,000
68 1894
1,000
A lb .& R a l.,ls t M., g.,ass’d (R .M t.to P ly m .)S B a
500,000
Nor. & C ar., l8 t M .,g .(P .P t.,Y a .t o T a r .1 .C .).C e.c,c 110 1889
N
1,000
1,320,000
102 1896
1,000
2d m ortgage, go ld S B a ................................... c'
400,000
545 1884
Sav. F lo r. & ^ est. 1st M., g o l d . R i p .............c*<fer
1,000
6,500,u<>0
St. John’ s R. 1st M., g., red. at par t ill ’0 5 .C I.c x 130 1899
1,000
1,500,000
Charleston & Savannah, gen. m o r t . g o ld .S B a .c *
103 1886
1,000
1,500,000
1st and 2d pref. inc., $1,000,000 each, non-cum
103 1886
1,000
0)
Bruns.& W. 1st M. Bruns, to Albany, g., gu. H p.c
171
3,000,000
1888 500 &e
A la . Mid., 1st M „ g.(B ainb. to M ontgom .) OTp.xc
175
1888
1,000
2,800.000
1,000
811. Sp. O.& G., 1st M .,g.(O ca la to In v . & b r .)€ i.c *
75 1888
1,107.000
pm ir small issu es.............................................. .
’78-,93 1,000
62,500
....
po3ed to bu ild at once from Portales, on tlie Pecos V a lle y , to A lb u
querque, N e w M exico, fo rm in g a cut-off w b icb w ill shorten the m ain
lin e to the coast by about LOO m iles. V . 75. p. 28.
St o c k .—T h e p re fe rre d stock has p referen ce as to assets and noncu m u lative dividends n ot ex ceed in g 5 p. c. p e r ann., as declared b y the
board4 o f directors out o f n et profits. N o other m o rtg ag e and no
increase In the p referred stock can be m ade w ith o u t the consent o f a
m a jo rity o f a ll the p re fe rre d stock and o f a ll com m on stock r e p re
sented at a m eeting. The to ta l authorized am ount o f p re fe rre d stock is
$131,486,000, o f w hich $10,800,000 is reserved to acqu ire other
lines; also $6,486,470 in special tru st fo r im p rovem en ts, ex ten
sions, etc. P re f. stock certificates in S u p p l e m e n t o f A p r il, 1897, pa ge
3. Com m on stock authorized, $102,000,000.
D i v id e n d s .—On preferred , 1 p. c. p a id Jan. 26,1899; J u ly 20,1899,
1*4 p. o.; in 1900, 4 p. c.; in 1901 and 1902, 5 p. c. each (F .& A .). D iv.
on com., June, 1 9 u l, l 1 p c.; Dec. 2, 2 p. c.; 1902, 4 p. o. (J. & D.).
^
B o n d s .—Th e Gen. M ort. ( A b s t r a c t V. 62, p. 731-739, see also V . 68,
p. 974) is to the U nion T ru st Co o f N. Y . as trustee, and g iv e s a lien ,
eith er by d irect m ortgage or by c o lla te ra l trust, on the en tire system
o f 7,822 m iles o f ra ilroa d ow ned, to g eth e r w ith all the equ ipm en t and
term inals ow n ed b y the com pany, and fu tu re acquisitions.
G eneral m ort. bonds can n ever ex ceed $165,490,500, in clu din g $96,990,500 issued in reorga n iza tion and rem aind er issuable as fo llo w s :
,-------Reserved.------ n
I n 1895.
In 1902.
a To retire guarantee fund notes paid and car trusts at
not exceeding $1,250 tor each $1,000 of old bonds... $15,500,000 $2,861,000
b Non assenting bonds from reorganization of 1889
575,000
($1,550,M Since reduced to $68o,210)..................... 1,500,000
50,
1,600,000
c Chicago & St. Louis 1st mortgage 6s................ ....... 1,500,000
For improves, terminals, second track, equip’t, etc.,
under carefully guarded restrictions at not exceeding
$3,000,< O yearly, of which not over $750,000 for exten
o
sions ..........................
............................ ............... 30,000,000 14/00,500
For acquisition of Atlantic & Pacific and other lines...... 20,000,000 7,325,500
T h e A djustm ent M ortgage ( A b s t r a c t V. 62, p. 739) Is to the Central
Trust Co. as trustee. In tere st is p a ya b le o n ly out o f n et earnings
fo r the fiscal yea r up to 4 per cen t and the ra te is to
be
determ in ed on or before O ctober 15 in each y e a r ; in terest
was non-cum ulative t ill Ju ly 1, 1900, and cu m u lative thereafter.
P resen t issue is lim ited to $51,728,000, but when the $30,000,000 gen
eral 4s authorized fo r im provem ents as above h ave been issued (i. e.,
not before June 30, 1905), $20,000,000 additional adjustm ent 4s m ay
oe issued fo r th e same purposes at not exceeding $2,000,000 in any one
year, but on ly by a m a jority vo te o f the adjustm ent bondholders. I n
terest— In N o v., 1897, paid 3 p. c.; since, fu ll 4 p. c. yearly.
San Francisco & San J o a q u in bonds m ay be draw n at 110 a fte r 1915.
The: $30,000,000 debenture 4# o f 19<>2 w ere issued to pay f - r $13,000.000 equ ipm ent ordered since J u ly 1, 1901. and to c o v e r the cost
of securities o f .Sant a Fe Pres o lt < Phoenix, and construction o f new
fe
m ileage already m ade or authorized, am ounting to $5,0u0,000, and
additional equipm ent, term in a l fa c ilitie s and oth er perm anent irnp r o v in o f, - made o r incurred since Jul> 1,1901, or h erea fter to be in
curred. No new m o rtg a g e on lines n ow ow n ed can he issued unless pro
vision i» mad*- for securing debentures thereunder. -Bee statem ent, V.
74, p. 1- 0, and official statem en t in V, 74, p. 204, also V. 75, p. t>80,
showing respective positions o f debentures and adjustm ent bonds.
G e n e r a l F in a n c e s .—Capital expen ditu res from date o f o rga n iza
tion to June 30, 1902, see V. 73, p. 1311; V. 5, in 680 The com pany
In Jan., 1902. i sued $30,000,000 debentures, p a ya b le $2,500,000
yearly ; nee above.
in 1901 divhl* nds on com m on stock were begun. V. 73, p. 783.
The tota l funded debt per m ile of road Ju ly 1, 1902, was $28,882;
Interest charge, $1,16;. V. 75, p. 678.
L a t e s t E a h n i n o h .— 2/ 1902 ___ Gross, $9,454,993; n et, $3,456,435
m o*.,Ju ly 1 to A u g. 31. J 1901
.Gross, 9,704,573; net, 4,062,527
Deducting taxes and rentals, balance fo r in terest in 2 months of
1902 was $3,07 7,090, against $3.72/,200. Hoad operated 7/<48 avoriige miles n 1902, against 7,835 m iles In 1901, the Ban Fran. A Ban
Joaquin Valley K K ., 373 m iles, being Included in both years
R e p o r t . Annual m eeting second Th u rsday in Decem ber. R ep ort
for year 1900 01 was given In V. 75, j>. 66 1.678; see also page 64 1.
A v e ra g e freigh t t rain load, 247 tons In 1901-02, again st 242 in 1900-01.
Tear§ end. June 30—
1902.
1901.
1900.
18119.
A v e r miles operated
7,855
7,807
7,341
7,033
Gross earn in gs...... $59,135,080 $54,474,822 $46,292,078 $40,513,499
Operating expenses 33,909,208 32,262.946 27,521,499 27,606,681
N et earnings , $ 25 ,225,818 $ 22 ,211,870 $ 18 ,710,579 $ 12, 900,818
moreg
1000 Of* 1
ns 1-oz.
I 90o-0 i.
Net e*rn In if*..,, %'ih 2 $ 2 2 , 2 1 1 , 8 : ft |Taxes, eto..... .$2,&C i,H
5B
Other income_
_ l.lifMMt
U&4M7 i Interest........ h, UH.ns.y
7.8,50,1!
112,474.6 7
Nnt income,
$7eACe,07S $82,544,423 | liah.snrp...... 8
Dir Id end on prof erred stunk.........., ..... ......... ,. t(b%)bt70\* of) r % eH.rtiio
)f>/.
J> vidonr] on fiommon fttuck. . . . . . .............. .
1
........... ( \%)! ,h'$H,22 *H i y%%) 1 tf»2W,.dil
Rftlanrfs. surplus for ysar..... ....... .............. .
.... $6,777,818
$SJ406AO0
O fe I o k rs . - Chairman o f E x ecu tive CommIt.tec, V icto r Mora^tetx; K.
P, R ipley, President; D. L. Gallup, (Jomp.. H. W, Gardlnnr, A imI, Trnas
t)1 f9i toTfl."Ofelf 14s Sfpoln. R. -?OmsfS Haros, Kdward J. ffSTwlnd. f4 • (i.
0
Haven, John (i, MnCrilloaith, 11, Rletnan Duval, Thomas i\ Fowler Victor
11
Bonds—P r in c i
pal, When Due.
R a te per W hen WTiere P a ya b le, and by Stocks—L a st
Cent.
Payable
Whom.
D ividend.
IN T E R E S T O R D IV ID E N D S .
5 g.
4 g.
See t e x t
5 cur.
4
3 ^ i n ’ 02
3 in ’02
5 in 1901
4 g.
4 g.
A . & O.
Ph ila d elp h ia .
do
J, & J.
Q .- M .
B altim ore.
J. & D.
In 1902 paid 5 p. o.
J. & J.
In 1902 paid 4 p. c.
J. & J. Treas. Of., W ilm ., N . C.
J & J.
do
do
M. & N.
do
do
M. & S. 1st cou p.8m os.M ar.r03
Ph ila d elp h ia .
A p r. 1, 1948
J u ly 1, 1951
Sept. 10, ’02, 2
Irred eem able.
Ju ly 1, ’02,2%
Ju ly 10/02,2%
J u ly 10,’02,2%
M ay 15.’02,2*9
J u ly 1, 1952
1952
6 g.
6
4 g.
5 g.
6 g.
6 & 7
4 ^ g.
4g. & 5 g .
4 g.
4 g.
4 g5 g.
5 g5 g.& 6 g.
4 g.
7 g.
7
4 g.
5 g.
4 g.
5 to 8
J. & J.
J. & D.
J. & J.
J. & J.
A. & O.
M. & N.
A. & O.
J. & J.
J. & D.
F. & A
J. & J.
A. & O.
J. & J.
A . & O.
J. & J.
J. & J.
A p ril.
J & J.
M. < N.
fc
J. & J.
V ariou s
N. Y ., C u yler M. & Co.
N e w Y o rk & B altim ore.
Balt., Safe D. & l r . Co.
R ich m ’ d and P etersb ’g.
do
do
R ichm ond, Office.
N. Y ., B row n Bros.
N. Y .,B a lt. and W ilm ing.
Balt., S. Dep. & Tr. Co.
do
do
do
do
N. Y ., C entral Tru st Co.
B alt. Safe Dep. & Tr. Co.
N e w Y o rk and Savan.
do
do
do
do
do
do
do
do
N . Y ., M etrop o l. T r. Co.
N e w Y o rk .
Jan. 1, 1933
June 10,1910
Ju ly 1, 1948
J u ly 1, 1926
Oct. 1, 1926
M ay 1, 1915
A pr. 1, 1940
J u ly 1, 1935
June 1, 1949
A u g. 1, 1947
Jan. 1, 1944
A pr. 1, 1939
Jan. 1, 1946
A pr. 1, 1934
J u ly 1, 1934
Jan. 1, 1936
Irredeem able.
Jan. 1, 1938
N o v. 1, 1928
Ju ly 1, 1918
1915-1943
Morawetz, o f New York: B P Cheney, Boston; E l ward P. Ripley, Byron L.
Smith, Chicago: Andrew C. Jobes, Howel Jouea, Charles S. Gleed, Topeka;
E. D. Kenna, Chicago.
O f f ic e .—59 Cedar St. N e w Y o r k .— (Y . 75, p. 183, 610, 6 6 4 , 6 7 8 .)
A t l a n t a Sc C l i a r l o t t e A i r L i n e R y . « —f£ee M ap Southern R a il
way System.)—Owns Charlotte, N. C., to Atlanta, Ga., 269 m iles.
T h e o p era tin g co n tra ct o f 1881 (m ade w ith Richm ond & D a n v ille)
was assigned to and accepted b y the Southern Ry. Co. I t requ ires
the paym en t o f interest on A t. & C. debt and 5 p. c. on s to c k ; i f gross
earnings exceed $1,500,000, dividends to be 6 p er c e n t ; and i f th ey
exceed $2,500,000, 7 p er cent.
D iv id e n d s , > 1881 to ’ 89. 1890. 1891 to M ar., 1901,incl.
Since,
P e r cen t— $ 5 y e a rly .
5*2
6 y e a r ly (M . & S.) 7 y r ly . (M .& S.)
E a r n in g s .—F o r y e a r en din g M arch 31, 1902, gross, $4,898,978,
again st $2,686,198 in 1900-1. A p r. 1 to J u ly 3 1 ,4 months, $945,079 in
1902; $891,249 in 1901. Pres., C. S. F airchild, N. Y .— <V. 73, p. 553.)
A tla n ta K n o x v ille & N o r th e r n R y . - ( ^ e
M ap).—K n o x
v ille , Tenn., to M a rietta , Ga., 205 m ile s ; and M urphy to B lu e R id g e,
25 m iles; trackage, M a rietta , Ga., to A tla n ta , Ga., 20 miles.
H i s t o r y .—A reorga n iza tion per plan in V. 62, p. 1040, o f the M a rie tta
& N o rth G eorgia, foreclosed. Stock, comm on, $3,000,000; p referred , 5
p e r c e n t, $l,5u0,0u0, T s u e d in 1901 in ex c h a n ge fo r second m o rtg ag e
incomes. In Apr., 1902, the L ou isville & N a sh ville acquired a m a jo r
it y o f the stock, Y . 74, p. 775. O f the consul. 4s. dated Mar. 1, 1902,
$i,oOQ, 00 are reserved to re tire the first 5s, now lim ited to that
amount, the balance bein g issuable fo r gen eral purposes.
E a r n in g s .—11 months, $ 1901-2....... Gross, $573,9o2; net, $217,426
J u l y l to M a y 31.
(190 0-1....... Gross, 439,628; net, 127,116
R e p o rt fo r y e a r ending Ju ne 30, 1901, V. 73, p. 1109, show ed
Gross, $482,592; net, $138,785; in t.,$ 54 ,421; im p rovem en ts, $329,578,
P resid en t (July, 1902), M ilto n H . Sm ith.— (V. 73, p. 1311; Y . 75, p. 28.)
A t l a n t a Sc W e s t P o i n t R E . —A tlan ta , Ga., to West Pt., Ga., 86 m.
Ga. R R ., June 30, 1900, ow ned $494,500 stock and $388,900 deb. cert.
A b elt lin e around A tla n ta , 5-^ m iles, is operated at re n ta l o f 4 p. c. on
its cost, viz., $410,535
Y. 71, p. 963; Y . 73, p. 1354
D iv id e n d s begun in 1855 w ere fo r m any years 8 p e r c e n t per annum.
From J u ly 1, 1884, to J u ly, 1901, in clu sive, 6 per cen t y e a rly , J&J;
Oct. 1, 1899, 25 p. c. e x tr a (V. 69, p. 5^0L
In 1900-1 gross, $74% 103; net, $255,009; oth er incom e, $3,833;
charges, $174,885 ; dividends. $73,932; surplus, $10,025. In 1899-0,
gross, $702,475; net, $267,705 — (V . 69, p. 590; V. 71, p. 963.)
A t l a n t i c Sc B i r m i n g h a m R R , —W aycross, Ga., to Oordele, 108
m iles. In Oct., 190 L gra d in g com pleted fro m CordeJe to Montezum a,
30 m iles, and p rojected fu rth er to O gleth orpe and T a lb o t tom; also
projected Jrom W aycross to the A tla n tic Coast at Brunsw ick or St.
M ary’ s, or both, about 85 miles. In O c t , 1901, it was vored o ex ten d
the road north w esterly from Coirdele, Ga., tow a rd Birm ingham , A la .,
about i 24 miles, and fro m a p o in t in M eriw eth er County, at or near
W arm Springs, about 75 miles; tota l to be 397 miles. N am e was also
changed from Wav cross A ir Line R R . V. 73, p. 899.
s t o c k , Bo n d s , E t c .—stock authorized, $7,080,000; issued, comm on,
$666,400; p referred , $700,000; par, *100. O f the b<»ods $150,000 are
p rior liens subject to call a fte r 5 years at 110 and interest. B alance
above $500,000 bonds can only be issued at $5,000 p er m ile o f com
pleted road o v e r 70 m iles. Oar trusts, $28,386.
L a t e s t E a r n in g s .—F o r 2 months en din g A u g 31 1902
2 mos.
Or ohs.
N et
Charges.
H al. s u r..
1902........................... $34,597
$13,569
$ 4 ,166
$9,403
1901______ - ...............
18,014
5,481
4.160
1,315
Y e a r 1901-02 (*v er. miles about 80), gro s, $147,4 O; net, $65,405; in
terest on bonds, $25,000; balance, surplus, $40/10 > Brest., W. G.
.
Raoul, 1 Nassau8t., New York; Vice-Pros. At Gen. Man. Geo. I). Wadley; Boo. <k A u d itor, W .J.B w aln; office, W aycross, Ga. (V.74, p. 1138.)
A tla n tic C ity f i l l . —
*Camden to A tla n tic City, 57 m. (double tra c k );
branches, 3 l rn,; W inslow Junction, to Cape M ay, N. J., Boa Isle C ity ,
Ocean c i t y ; total, D>9 m iles A consolidation In June, 1901, per
plan In CHRONICLE, V. 7z, p. 1278.
St o c k , common, $2,62 5,000;
preferred. $ i ,000,000 (par, $50). Th e R eading O ». owns the grea ter
part o f the Block, and guarantees the new consol. Is, principal and
interest.
O f the latter, $3,500,000 are reserved to retire the old
bonds s h o w in tablo a b o ve and $75,000 real estate m ortgages and
fo r Im provem ents. Bee V. 73, p HI. (V. 73, p. 31. 811.)
A t ln n ilc * C o fifft L i n e C o - —(Sec M ap.) —Organized
M a y 29.
1889, under the laws o f Connecticut, and ow ti* a m ajority o f ca p ita l
slock and a la rg e amount o f the bonds In a system < j railroad com
>
panies denom inated for convenience the A tla n tic Coast Line System .
Th e system Includes about 4,000 tulles as fo llow s In addition to a half
Interest In lease of G eorgia lilt, system (015 mllns) Required in Ju ly,
1899. from t he L o u is v ille A N ash ville and a sixth Interest In the Rhmmond W ashington Co, (1 15 miles) purchased In Hepfr . 1901
V, 73,
p, 493 ; V 09, p. 385, 59 1,748. O n .lu lv 1, 1902, ( lie Hava min h Florida
A Western Ry. (1,605 miles) was consolidated with t he A t Is nl le Coast
fc
Line HR,, the railroad securities held by the Plant In vestm en t Cobeing d elivered at the same time. V. 74, p* 774. In O ctober, 1902,
arranged D obtain through l lie A tla n tic
>
oast Lino RR. cont rol o f
the L o u isville * . NaMiVlile HR. V. 75, p 7/2.
V
Ow n p a n y lj H<ve t h Is ( o
MOrn,
V pa nj/
otn
Mtics.
fc
Atlantic Coast Line Kli.fi 3,549 elm s. J vvesiorn C arolina.*., fi 342
Other lin e s ..,......... ................ , 50
Contra! South Carol haa fi**,.
40
13
INVESTORS’ SUPPLEMENT
[VOL.
iX X V
October , 1902.J
ftAHjaOAD STOCKS AND BONDS,
13
Bonds—Prin ci
IN T E R E S T OR D IV ID E N D S .
Miles Date Size, or
pal, When Due.
Am ount
of
of
Par
R ate per When Where Payable, and by Stocks—Last
Tor explanation o f column headings, &o., see notes
Whom.
Road. Bonds Value. Outstanding
Cent. Payable
on first page o f tables.
Dividend.
R A ILR O A D8.
A tla n tic Coast L in e R R —(Concluded.) Speoial trust certificates......................................
Alt. < D a n v — lstM .,g.,$4,425,000, int.rental.lTTe.o* 278
6
A lt. ct Q ulf Short L in e .—1st M.. $4,000,000, g o ld .K
....
Atlantic dt N o.C arotina—Stock, $1,800,000............
... .
1st m ortgage, $ 3 2 5 ,0 0 0 ..M e R a ..........................
Atlantic ct Si. Lawrence—Stock, 6 %rental Grand T r’k 172
A tla n tic Valdosta ct W.—1st M.,g., red. a tllO .C e .c *
118
53
Augusta <t Savannah—Stock 5% rental Central G a..
85
Awrusta So.—1st consol. M., gold .................C e.xc
....
Avon Oeneseo c Mt. M o rris R R .—Stock (see te x t)...
t
Bald Eagle Valley—Stock, $2,600,000.....................
"93
1st M. orig. $400,000 (s. f., drawn a t l 0 0 ) . . . F P x r
....
Baltin* ore & A nnap.&.L.-Stock, common...... ........
Is tM . $400,000, g .,s u b j.t o c a lla t llO ..,..M e H a *
28
Baltim ore Chesapeake ct A t la n —1st mort., go ld A c*
88
3
Bali. <t Gumb Vat. Ry.—1st mort., interest rental.
Balt, ct Cumb. Val. R~R —1st mort.. interest rental
5
....
B. ct O .V.R R Exten.-StK., gu. ($270,000 carries 7 p c .)
1st m ortgage, interest rental, l i e B a r r i ..........
27
32
B altim ore ct H arrisbu rg R R .—in., gold M e B a .o *
LstM.West. E xt. ($16,000 p .m .),g .,g u .M e B a .c *
15
B a lt im o r e ct O hio—Common stock, #125,000,000 . . . .
Pref. stock, 4 p. 0., non-cum, auth. $60,000,000..
....
P rio r lien mort., gold, not snbj. to call.Me..c*<fcr 1,017
1st mort., gold, red., at 105 after 1923,TTs..c*&r 570
Southwest’n D iv. Is t M ., $45,000,000, g .F ..c *A r 921
Pitts, Jc.A M id.D iv.($20,000,000) Is tM .g C e.c’ &r 376
P .L .E . & W .V 8 ys.ref.,g ,,red .l0 0 a ft.’ 25 U n .c'& r 1,633
Conv. deben., $15,000 000, gold, red., see t e x t...
....
B onds U n d e r l y in g 1st mort. 3 ^ p er cent.
380
Loan, 1853, extended in 1885, gold ..................
Pitt. A C on sist M .,ext. in 1896 in g o ld ..................
....
B onds U n d e r l y in g So u t h w e s t e r n Drv. 3^8.
....
B. & O. 8. W. R R ., eto......................................... 0*
....
$1,000
19*66
1,000
1901
... .
100
1887
1,000
...
£&$100
1899
1,000
$100
1894
1,000
....
100
50
1880
1,000
... .
100
1898
1,000
1894
1,000
1879
500
1879 100 &c.
50
....
1881
1,000
1886
1,000
1,000
1888
... .
100
....
100
1898 500 &o.
1898 500 &o.
1899 500 &c.
1898 500 Ac
1901
1,000
1901
1,000
(?)
$3,925,000
(?)
1,797,200
325,000
5,484,000
1,282,000
1,022,900
r»400,000
225,000
1,535,000
312,000
358,000
334,000
1,250,000
48,500
72,800
390,600
230,000
690,000
210,000
See text.
59,361,267
71,000.000
67,500,000
43,000,000
a 6,175,480
20,000,000
708,000
1853 500 <feo.
1868
1,000
118,000
69,000
.. . ,
—
6
4 g.
5 g.
2 In 1899
6
6
5 g.
5
5 g.
3^2
10
6 cur.
7ks in ’ 02
5 g.
5 g.
6
6
5 &7
6
5 g.
5 tr.
4 in 1902
4 in 1902
3ki g.
4 g.
3k! g.
3k! g.
4 g.
4 g.
M. & N.
..............
1937
J. & J N. Y ., M ercantile Tr. Co. July 1, 1948
F. & A. N. Y ., Knickerb. Trust. Aug. 1, 1931
Check from Co.’ s office. Sep. 15,’99,2%
J. & J. B a lt.,N l.F ’rm ’rs’ & P.B k July 1, 1917
M. & 8. London and Portland. Sept.,1902,3%
M. & S. N. Y ., Central Trust Co. Mch. 1, 1939
Savannah, Ga.
July 5, ’ 02, 2 i«
J. & J.
J. & D. N. Y ., J.P. Morgan & Co. Dec. 1, 1924
J. & J. N e w Y o rk , E rie R R. Ju ly 1 ,’0 2 ,1%
F. & A.
A u g 1, ’02, 5%
J. & J. Phila.,F.Tns.TT.&8.Dep. Jan. 1, 1910
J. & J.
Checks mailed.
July 1, ’02, 3ki
J. & D. Balt., A. B row n A Sons Dec. 1, 1923
M. & H Phila., Broad St. Stat’n Sept. 1, 1934
.
J. & J. Balt., Farm. & Meo. Bk Ju ly 1, 1929
do
do
J. & J.
Ju ly 1, 1929
do
do
J. & J.
Ju ly l , ’02,3k!
do
do
J. & J.
Ju ly 1, 1931
M. & N.
do
do
Nov. 1, 1936
do
do
M ay 1. 1938
M. & N.
M. & S. Co.’ sO fflce,2W ail8t.N.Y Sept 2,1902,2
M. & S.
do
do
Sept. 2 ,’ 02, 2%
do
do
July 1, 1925
IT
do
do
Ju ly 1, 1948
§
do
do
Ju ly 1, 1925
IT
*
do
do
N ov. 1, 1925
M. & N.
do
do
N ov. 1, 1941
M. & S.
do
do
Mob. 1, 1911
N. Y ., Speyer & Co.
4 g. A. & O.
4 g. J. & J. N. Y . Office, 2 W all St.
32,000 Var., g. Various N. Y ., Farm ers’ L. & Tr.
H Coup., J.-J.; rug., q .—J.
J Coup., A.-O .; reg., Q.-J.
'C ou p ., M.-N.: reg., Q.-F,
a In additlon $7,635.050 are pledged aa part collateral fo r the Plttsb. L. E & W. Va. System 4s.
St o c k .—A s to rights o f certificates o f indebtedness, see editorial,
Oct., 1897, Su p ., page 3.—V. 65, p. 564; Y . 71, p. 1310. In N ov., 1898,
stock was increased to $10,006,000, the additional $5,000,000 beine
distributed as a 100-per-cent dividend.—V. 67, p. 954. In D ecem ber,
1900, w ere distributed $10,000,000 4 p er cent certificates o f indebted
ness (including $2,500,000 o f A tla n tic Coast L in e R R . Co.)as a 100-p c.
dividend to represent the profits from the consolidation b y which the
A tlan tic Coast Lin e E E . was form ed, $2,500,000 o f which w ere pur
chased in the open m arket in Sept., 1901.—V .71, p. 697; V. 73, p. 493.
As to securities pledged to secure equally t i e certificates o f indebted
ness of 1897 and 1900, see V. 71, p. 1310.
Oct. 1, 1935
Ju ly 1, 1946
various..
h A lso $475,000 additional unguar’ t’ d.
D iv id e n d s .—D ividends on pref., 2% per cent paid N ov. 15,1900;
1901, 5 p. c. (paid M -N.); 1902, M ay, 2*3 p. c. On common, including
class “ A ” stock, 1 per cent paid Jan. 10, 1901; July, 113 p. c.; in 1902.
Jan., Iks p c.; July, 2 p. c. On certs, o f indebtedness, Jan., 1901, to
July, 1902, 4 p. 0. yea rly (J.-J.)
L atest E a r n ’gs —2 m o s.) 1902........Gross, $2,567,324; net, $689,598
July 1 to Aug. 31.
51901.......Gross, $2,311,572; net, 550,123
The 8av. Fla. & West, earnings are Included in botb years.
R kport —F or the year ending June 30, 1902. the earnings o f the
properties consolidated were: Gross, $16,868,995; net, $6.407,0835other in cjm e, $229,519; taxes, $643,847; Interest, $2,450,616; d ivi
Ca s h D iv id e n d s , < 1895. 1896.1897.1898. 1899. 1900. ’ 01. 1902.
dends, $1,862,169; other paym ents, $69,005; bal., surplus, $1,605,965.
Per cent—
( l 1
^
3
3^
4
4 i«
5
4 ^ See text.
R ep ort fo r year ending June 30,1901 (not including. Pla n t system),
In 190^, Mar., 2*2 P- c. (sem i-annual); in Sept., 2 p. c. (quarterly-).
was m V . 73, p- 1353:
V. 75, p. 496
Net
Other
Gross
Interest,
Balance,
Full interest has been paid on the certificates o f indebtedness to
earnings.
earnings.
income.
taxes, etc.
surplus.
1902.—(V. 71, p. 1218,1310; Y.73, p. 493, 899; Y.74, p.774; V.75, p.496,
$3,270,269
$62,916 $1,567,527 $1,765,658
1900-1..$7,915,098
732.)
3,2,5,147
131,012
1899-0.. 7,586,746
1,253,753
2,152,406
A t l a n t i c C o a s t L i n e B B , - (See M a p .)—Operates from R ich
From surplus as above in 1901 w ere paid dividends on preferred
mond v ia Charleston, Savannah and .]acksonville to P ort Tampa, Fla.,
(5 p. c.) $931,007 and on common (2>« p. o.) $397,255. lea vin g balance
w ith numerous branches, to N orfolk, Va., W ilm ington and N e w Bern, surplus fo r year $4a7,396.—(V. 75, p. 341, 782, 792, 848.)
N. C., Bi uLSWick and A lban y, Ga., and M ontgom ery, A la., etc.
A t l a n t i c Ac D a n v i l l e R v . —(See M a p S o u th e rn R y . ) —W est N or
L in ts cncned.
Miles.
Lines owned.
Miles.
folk, to D anville, Va., 205 miles, three branches, 26 miles; James R iv e r
Richmond, Y a , to P o rt Tampa,
Dupont Jet. to Inverness, Fla. 247
Junction to Claremont (3 feetga u ge) 51 miles; total, 282 miles. Leased
F la ......... ........................
898 Branches, eto..........................1,269 to Southern Ry. from Sept. 1,1899, to Ju ly 1,1949, for taxes, repairs,
Leased—
Norfolk, Va., to South R ocky
maintenance and cash rental sufficient to cover interest charges and
Mount..................................... 115 Central RR. o f S. C arolina—
for five years ending June 30, 1909. $31,000 annually in exoess
Lane to Sumter, S. C .........
Contentnea to W ilm in gto n ----105
42 thereof; fo r rem ainder o f term , $61,000, with p rivilege o f renew als
37 for term s o f 99 years. In addition the Southern Ry. agrees to p a v the
Florence, S. C., to Robbins...... 138 Other lin es.............................
Trask-age—
Sumter to C olom bia...................43
same rate o f dividends on the common stook as m ay at any tim e be
v. ilnnnkton. N.< ’..to Sanford.116 Robbins to Augusta, Ga., eto.
57 paid on its own common stock. V . 71, p.447. •
Jesup. Ga., to M ontgom ery,
St o c k .—Common, $2,180,000; pref., 30,992 shares, p a r o rig in a lly
A la ...............................
353
$100, but reduced 60 per cent b y paym ent from proceeds o f sale o f
.Brunswick, Ga., to A lb a n y — 169
T o t a l................................ 3,589
bonds, v iz , 40 per cen t in 1900 and 20 p. c in N o v , 1901; further pay
Also owns one-sixth interest in the Riehmond-Washington Co. and ments to be made latter part o f 1904 and 1909, when it w ill be en tirely
one-half interest in A tlan ta (Ga.i B elt Lin e Co., 5 ^ miles. Leases, canceled. See v. 71, p. 181, 862; V. 73, p. 722, 956.
jointly with the Lo u isville A N ash ville B K „ the G eorgia RR., which
B onds .—Of the $4,425,000 fours o f 1900 $500,000 can be issued o n ly
operates and controls 624 miles. Th e acquisition in 1902 o f a m ajority
interest in the L o u isville A N ash ville w ill bring about 4,700 miles 01 fo r im provem ents upon request o f Southern tty.
In 1898-99 gross, $596,900; net, $160,245 R ep ort fo r 1897-98 was
additional road directly or in d irectly under th e c o m r o lo f the A tlan tic
in V. 68, p. 184.— (V. 73, p. 722, 899, 956,1061; V. 74, p. 774 )
Coast Line.
A t l a n t i c Ac G u l f S h o r t L i n e . —See V. 73, p. 615.
O r g a n iz a t io n —.Orig in a lly the A tla n tic Coast Lin e o f Va. (change o f
A t l a n t i c Ac L a k e S u p e r i o r R y . —In Ju ly, 1902. operated Metaname being authorized in .Jan., 1900); in A p ril, 1900, absorbed by
consolidation (per plan V. 70, p. 840, 893) the fo llo w in g allied prop pedia. Que., to West Paspehiac, 98 miles; owned St. G regoire to N icolet,
7 rrj.; St. Francis to Vamaska, 6 m.; Y a m ask a to Sorel. 10 tn.; Lachute
e rtie s .: Wilmington & Weldon RR., Booth Eastern RR., A tla n tic Coast
to St. Andrews, 7 m.; total, 128 miles. Was under construction, W est
Line railroads of South Carolina and V irgin ia N o rfolk & Carolina RR.
Paspebiao to end o f w harf, 4 m.; Paspehiac Juno, to P o rt Daniel, 21 iu.;
The Atlantic Coast Line Co. (of Conn.) owns a m ajority of the stock,
P lerrevllle to Nicolet, 15 no.; St. G regoire to Chaudiore June., 67 m.
Including $10,800,000 of the preferred stock; also, $1,550,000 A tlantic
During year 1901-2 road was operated by trustee for bondholders.
O n -r Line of 8. C gen. 1st 4s, <feo. V. 70. p. 893: V. 71, p. 1116, 1310
The Savannah Flor. & Western Ry., whJchownedand controlled ■,234 Stook authorized, $10,000,000; par, $100; issued, $2,602,500. Bonds
For year ending June 30, 1902, gross,
miles, was merged, possession In ing taken July ), 1902,this (Deluding outstanding, £500,000, 4s,
the Florida Southern and Sanford & 8t. Petersburg, whose entire $43,405; def. under oper., $1,365 President, Hon J. R. riiibaudeau:
stocks arc owned, but who-c m ileage 1 not Included In the. table above. See. Edgar N. Arm strong, M ontreal.—(V. 68, p. 329; V. 70, p. 1148.)
a
A t l a n t i c Ac N o r t h C a r o l i n a R R . —Morehead City to Goldsboro.
These lines formed the old Plan t system, y .7 4 , p. 774,829.
In Oct... 1902 It. was arranged to acquire $30,600,000 o f the $60,- N. 0., 9ft miles. State o f N. O. owns $1,266,500, $1,797,200 stock.
000 000 Louisville A Na h ville HR. stock, the At la ntlc Coast L in e RR.
D iv id e n d s .— ) ’92. ’ 93. ’ 94. 1895. 1896. 1897. 1898. 1899. Since,
to give In pay m cut $10 Ou0.00(1 cash, $35,000,000 In 4 per cent 50-year
P er cent.
$ 2
2
2
0
2
2
2 2
0
collateral trust bonds and $5,000,000 stock. 'The stockholders w ill
E a r n in g s .—F or year ending June 30,1902. gross. $257,033; net,
vote on the matter on Nov. 17, 1902, and also on Increasing Die
$85,272; lut. amt taxes, $27,448; Im provem ents, $-17,808 ; bah, sur
common f lock by $15,000,000 therefor. V. 75, p. 783, 792.
plus, $9,935, — ( V. 08, p. 472.)
S kci . r it ik s . AM. Coast Line RR. of V a , class A, tax exem pt stook
A t l a n t i c V a ld o s t a Ac W e s t e r n R y . —(See M a p .) Valdosta, Ga.,
was assumed as so much o the common stock of the new company. to Jacksonville, Fla., 118 miles. Including terminal lines. Tin* Southerrk
Under the consolidation with the H. F. A W. lu 1902 the total stock Ry,, having acquired all the stock and bonds, sold the road in 1902
was ln< reused from $34,740,200 to $42,000,000 (See above.)
to the G eorgia Southern A. Florid a Ry.
The nr t cons ,). geld -Is of 14)02 ($80,000,000 authorized, limited to
E akningh
Year ending .1une3 , 1900. gross, $198,294; net, $52,838;
$20,000 p r mile) are a Mr t lien on about 570 miles of read and a IIxed charges and taxes, $65,109. Year 1900-1, gross, $235,015; ti*
blnnki I lien on I e remaining 2,8-*3 miles owned,suejcct to the under 1901-2, #2 09,977.— (V. 74, p. 1U88, 1307; V. 75, p. 288.)
lying bonds. The first, consols arc issued or reserved as follow s:
A n g u s l i i A- N a v a n iin li l i l t . —Milieu to Augusta, Ga., 63 tulles,.
Issued forthwith
. .................... ................ ................$31,0(4,000
In 1896, re-teased to Con. o f G eorgia at 5 p. 0. on stock. V. 01, p. 239.
Reserved to take up underlying liens.
___ ...
35,102,000
A u g u s t a .S o u th e rn l i l t . —Owns from Augusta to Handersvllle^
Hcser veil for acquisitions, extensions, Im provem ents and
Ga,, H in , and Handersvllle A. Tennllle HU., - miles The Mouthers Ry .
O
1
equipment......
.................... . . . . . .
____ ... 1 0 1 , 0 0 0
In Jan., 1001, acquired shout. four-fifths o f the stook, ami no controls,
Of the pre-rut Issue ($31,034.0 NO, $12,451,000 were used to retire although the lease was annulled April 25. 1901. V. 73, p, 843. Com 8av. plot. S West, consol. 4s to the same amount, #7,945,009 were mon Mock. $400,000; prof., #350,00(1; |inr,#l(K) Gross earn from Apr.
r.
apt.lb-alde to the retirem ent of $.1,000 000 A11. ( oas Linn cert fa of 2d to .forio 30, 1 I , $10,072; def, under operating, #8.-12; total do
d,
Ou
Inociiteii ne s find <4,38 i.Ooo W ilm ington Sc W eldon 6 and 7 p ercen t ductlons, $i,357; def. D pi- period, $12,8119. - 1V. 72, p, 985,i
lrredeemaoie certificates o f indentecFness (o ver 75 per c-m o f the
A 11 M In Ac N o r t h W e s t e r n l i l t . —Hoe Houston Ac Tex ail Cent r’ l Uy.
l
hriidcn of which h -d tn July, 1902, consented to exchange, for the
A v o n (d 'liiN P -ii A t i t . M o r r is l i l t . — M l. Morris 1 A von, N. Y
,0
n e w bonds > and # 10,03 s ,000 to the, purchase o f the #1 4,' 00,0110
8. F & W . pr. f slock and #5 0b0.000 Arons. S West, and churl, S. 18 miles. Leased to Erie HR, Feh. 20, 1890, In perpetuity al,2'<j p.'o!
rc
9av. income bonds (about, 95 p cent of latter being acquired). V. 75, on stock for 4 years from .lari 1 189(1, 3 p, o. for I year morn and 3><j,
p 16,
p.e, thereafter. — (Heo V. 03, p, 512; V. 02, p. 318, 589.)
As to the F3’-/00.000 collateral trust 4s of 1902 see "O rgan ization ”
H a ld F u g le V a l l e y H i t . —Owns from Vail (Station, Fa to Look
above. ( or trusts outstanding June 30, 1902, $180,060,
haven, Pa., 51 m iles; branches to (Sugar Camp, eto., 42 ml lea.
Thomaston
lLurayl
\
r.
o Scotia
<&Talbotton
Bostick
Butler
INVESTORS’ SUPPLEMENT.
_Cuthbert
cen7
M AP OP THE
BAHAMA
ATLANTIC, VALDOSTA
SUNOS
AND
WESTERN RAILWAY/"' *“T
♦
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T H E
BALTIMORE & OHIO
RAILROAD SYSTEM;.
I
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Roefcj Mt.
M A P
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V ^^Maryville
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June.
jw> i <aA
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Livingston ' A *S
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Cecm a-T^5 ' /Elizlv^eth T.
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October, 1902, j
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INVESTORS’ SUPPLEMENT,
16
LVOL.
lxxv.
Bonds—P rin ci
IN T E R E S T O K D IV ID E N D S .
M iles D ate Size, or Am ount
pal, When Due.
of
of
P a r Outstanding
For explanation o f column headings, &o., see notes
Rate
When W here Payable, and by Stocks—Last
Road. Bonds Value.
on first page o f tables.
Whom.
P e r cent. Payable
Dividend.
R A IL R O A D S .
B altim ore < Ohio—(C on clu d ed )—
e
B onds U n d e r l y in g P it t s b . J u n c . & M i d . D IV. 3^2 s.
■Cent.O., $2,500,000,c o n .lst M. ( l s t l ’ n) g .IH e B a .c 137 1886 $1,000
1,000
Sand. Mains. & N ewark, $2,300,000,1st M.TJn.c* 116 1869
Pittsb. June., ls tm o rt., $1,400,000, gold. M e ., e*
7 1882
1,000
.... 1894 1,000
2d m ortgage, $300,000, g o ld .M e .................. 0*
....
... .
......
Pitts. Jo. Ter. 1st M „ $500,000, g., gu. p.& i . J I e
B onds U n d e r l y in g PiTTSB’g L a k e E r ie & W est V 1 RGI NIA 4s.
192 1893
1,000
ev. Lor. & Wheel. Cons. M. (n ow 1st) g. V sm .c*
1,000
General mort., $1,000,000, gold, red. 105.N...C 192 1896
1,000
....
1900
Con. ref.M .,$10,000,0; 0. g., fed. a tl0 2 is .C o l.c *
75 1895
1,000
\jiev. Term ’l & V a lley 1st M., g., red. par.M e-o*& r
32 1889
1,000
Monong. R iv e r R R ., 1st M., g., gu. B. & O .C e...e*
80 1900
Ohio & L ittle Kanaw ha Ry., 1st M., $250,000, g
1,000
169 1886
1,000
-Ohio R iver, 1st mort. ($2,000,000), gold F P ..O *
1,000
Gen. M. ($3,000,000), gold, 1st on 39 m iles 0* 209 1887
1,000
Rav.Sp.&Gl. Is tM ., $400,Of 0, g., gu. p .& i.F P c *
33 1890
1,000
11 1892
Huntington & B ig S. 1st M. ($4oO,000), g., gu 0*
13 1888
1,000
R ip ley & M ill Cr’k 1st M .,g., gu. p.&i.,end.c*&r
1,000
77 1882
Pittsb. Clev. & Tol. 1st M., g., red. 125 to Feb., ’ 03
Pfiinp.ftv. ^ Fairport 1st M .f g ............... 0*
63 1886
1,000
30 1878 100 &o.
Pittsb. New castle & 1. E , 1st m o rt/ ext. in gold
210 1887
1,000
Pittsb. & W ist., 1st (cons.) M. $10,000,000, g,.o*
3 1892
1,000
Ellwood Short Line. 1st M., gold, $300,000...<*
11 1887
1,000
Trum bull & Mahoning, 1st m o rt.......................
1,000
W . Va. & P ., Is tM . g,5s, scaled; re d .p a r.M eB a .o * 159 1890
L eased Lin e s , E tc ., Se c u r itie s .
5^2
Balt. & N. Y . RR., 1st M., gold, g u a r .M e B a .0 4 r
Mon. R iv. Coal M., $1,500,000, g., s. f., red. at par . . . .
11
Sehuvl. R. E. S. R R . 1st M., g., red. ( t e x t ) . P e P . .
11
S. I. Rap. Tr., 1st M., $1,000,000, g., $ or £ .P s .o *
11
2d m ortgage, gold, guar., $2,500,000.S ....... o*
13
S. I. R y., 1st mort., $1,000,000, g o ld .M e ........ c*
B. & O. E q uipm ent Ob lig atio n s —
....
R eal estate, car trusts, etc., M arch 3 1,1902----Car trusts, gold, $1,000,000 due annully.S...... o*
2 ii
Bangor < Aroos.—1st M.. ($16,000 p. m.) g .G ----o*
6
211
2d m ortgage, gold. U s in ...... .................................
4 B ala
x L a rg ely owned b y or fo r Baltim ore & Ohio.
1889
1895
1886
1883
1899
1893
1,000
1,000
1,000
1,000
1,000
1,000
$1,009,000
638,000
*959,000
*270,000
*219,000
4^
7
6
5
5
g. M.
J.
g. J.
g • J.
g. A.
5,000,000
893,000
950,000
5,491,000
700,000
228,000
2,000,000
2.941,000
376,000
■ 303,000
50,000
2,400,000
60,000
83,000
3,718,000
300,000
150,000
3,991,000
5
5
4^
4
5
5
5
5
6
6
6
6
5
4
4
5
5
4
g.
g.
g.
g.
g.
g.
gg.
g.
g.
g.
g.
g.
g.
g.
g.
x350,000
924,000
4,500,000
x l , 000,000
2,500,000
511,000
&
&
&
&
A
S.
J.
J. N. Y. ,N.City Bk. & Pitts.
J.
do
do
O.
Pittsburg.
A. & O.
J. & D.
J. & J.
M. & N.
F. & A.
M. & S.
J. & D.
A. & O.
F. & A.
J. & J.
F. & A.
A. & O.
J. & J.
J. & D.
J. & J.
F. & A
A &0.15
g. A. & O.
5 g.
5 g.
5 g.
6 g.
4 g4hjg.
M.
J.
J.
A.
J.
J.
1,050,402
1901
1,000
9,000,000
4 g. J.
1,000
1893
3,360,000
5 g. J.
1895
1,000
5 g. J.
157,000
nee o f outstan ding amount s shown 1n
&
&
&
&
&
&
Sept.
Jan.
July
July
Oot.
1,
1,
1,
1,
1,
1930
1909
1922
1922
1907
N ew York.
do
do
N .Y .,O fl. B .& 0..2 W all.
N. Y . Central Trust Co.
N. Y ., Knickb. Trust Co.
N. Y., Cent’l Trust Co.
do
do
do
do
N e w Y o rk or Phila.
Phila., E.W .Clark & Co.
N. Y ., Cent. Trust Co.
Oot. I , 1933
June 1, 1936
Jan. 1, 1930
N ov. 1, 1995
Feb. 1, 1919
Mch. 1, 1950
June 1. 1936
A pr. 1, 1937
Aug. 1, 1920
Ju ly 1, 1922
Aug. 1, 1908
Oet. 1, 1922
July 1, 1916
Allegheny, P a .lstN .B k . June 1, 1917
N. Y., J.P. M organ & Co. July 1, 1917
N ew Y o rk City.
Jan. 1, 1922
N e w York.
Oct. 15,1917
Apr. 1, 1990
N. N .Y., J.P. M organ & Co.
D. Balt., Am . Bond’g & Tr.
D.
O. N. Y ., fo o t W hitehall St.
J.
do
do
D.
N e w Y o rk City.
& J. N e w Y o rk , 2 W all 8t.
& J. N. Y ., Guar. Trust Co.
& J.
do
do
first 1 e ft hand column areow
M ay
Deo.
Deo.
Jan.
July
June
1,
1,
1,
1,
1,
1,
1939
1945
1935
1913
1904
1943
To Deo. 31/10
Jan. 1, 1943
July 1. 1945
ned b y B. & o
P e n n s y l v a n ia RR. I nterest .- T h e Pennsylvania RR. Co. purchased
Leased to Penn. R R . Co. fo r 99 years from Deo. 7, 1864. Rental, 40
per cent o f gross earnings. Rental 1901, $266,626; other Income, a large interest in 1900-01 and on Jan. 1, 1902, owned directly $21,$7,868; int., taxes, etc., $53,874; dividends (10 p. o.), $140,625; hal., 480,000 preferred and $18,345,600 common stock; also through the
s u r., $79,995. Rental in 1900, $261,870. Pennsylvania R R . Jan. 1, Northern Central $1,000,000 preferred and $370,400 common stock,
and through the Pennsylvania Co. at least $5,000,000 preferred stock.
1902, owned $706,250 stock.— (V. 66, p. 708.)
—V. 70, p. 76; V. 74, p. 528. These holdings enable the Pennsylvania
B a l t i m o r e & A n n a p o l i s S h o r t L i n e R R . —Owns road from
Cliffords to Annapolis, Md., 22 miles. In 1897 acquired control o f to have practically a deciding voice In the management.
Sto c k .—A u th orized issues: Common, $125,000,000, see “ General
Annapolis W ashington & B altim oreR R . Co., ow n in g 3,575 out o f 3,580
shares o f its stock, all pledged under the m ortgage. Common stock Finances” below.; pref. 4 p. 0. non-oumula ;lve, $60,000,000; outstand
issued $358,000; there is also $500,000 o f p referred stock authorized. ing, see table above and “ G eneral Finan >es.” P ref. stock dividends
are lim ited to 4 p. e. (See V. 71, p. 1166, *nd edit., p. 1143; V. 72, p.
D iv id e n d s — ) 1898.
1899.
1900.
1901.
1902.
1186.) V otin g tiu std isso lved in Aug., 1901.
P e r cent.
5 6
5
6
6
71
*
1900.
1901.
1902.
F o r year to June 30,1902, gross, $105,109; net, $34,874; other ino., D iv id e n d s (p. o .)............. 1
C om m on........................ >
2
4
4
$28,640; interest on bonds $16,700; taxes, $4,506; dividends, 7'a p. 0.,
P referred........................1
4
4
4
$26,850; surplus fo r year, $15,458 — (V. 67, p. 1159.)
B onds.— (1) P r i o r L ie n 3 1
s%, a first lien on main line and hranohes.
B a l t i m o r e C h e s a p e a k e & A t l a n t i c R y . —Owns Claiborne to
Parkersburg branch and Pittsbu rg division, about 1,017 miles of
Ocean City, Md., 87 miles; branch, 1 m ile; total, 88 miles; from C lai first track, and 964 miles o f second, third and fourth tracks and sid
borne to Baltim ore, 42 miles, transfer is made b y w ater; steamer lines ings, and also a ll the equipment now owned o f the value o f upwards of
owned, 1,426 miles; tota l m ileage owned and operated, 1,514 miles- $20,000,000, or h ereafter acquired. T o ta l authorized, $75,000,000, of
O ontrolled b y Penn. R R . and allied lines. V. 69, p. 541, 590. A reor.
which $5,000,000 to be issued o nly a fter Jan. 1,1902 (at not exceeding
ganization o f Balt. & Eastern Shore, sold Aug. 29,1894 (V. 59, p. 371),
$1,000,000 a year) fo r the enlargm ent, betterm ent or extension o f the
etc. Pref. stock, $1,500,000 5 p. c. cumulative; common, $1,000,000.
properties covered. See application to list, V. 69, p. 30.
In 1900-1, gross, $675,090; net, $150,449; other ino., $2,052;
(2) F irst mortgage 4 p e r cent Gold Bonds, Due J u ly 11048 , but subject
taxes, $6,752; interest, $62,500; other charges, $61,805; bal., sur.,
g call, in w hole or in part, a fter Ju ly 1, 1923, at 105; a first lien on
o
$21,444.—(V. 71, p. 1 1 6 4 .)
Ghe Philadelphia, Chicago and A kron divisions and branches and the
B a l t i m o r e * ; C u m b e r l a n d ( R R . a n d R y . ) —The R a ilro a d e x Fairmont M organtow n & Pittsbu rg R R., covering about 570 miles of
first track and about 332 miles o f second, third and fourth tracks and
tends from State Lin e, Md., to W aynesboro, Pa., 4-55 miles; stock
$76,700 in $50 shares. The Railw ay extends from Edgem ont, Md., to sidings: also on the B. & O. Term inal p rop erty and the Baltim ore B elt
RR. They are also a lien subject to prior lien m ortgage upon main
State L iLe, Pa., 3 miles; stock, $42,500 in $100 shares. Both are leased
line, etc. See application to list, V . 69, p. 30.
to W estern M aryland R R . fo r 50 years from Ju ly 1,1879, w ith privcotal authorized issue in no case to exoeed....................... $165,000,000
lege o f renew al or purchase; rental, interest on bonds.
O f w hich to re tire prior lien bonds in 1925....................
75,000,000
B a l t i m o r e & C u m b e r l a n d V a l l e y E x t e n s i o n R R . —W aynes
O f whiohissuedorissuable fo r reorganization purposes.
76,000,000
boro to Shippensburg P a ., 26-52 miles. Leased to W estern M aryland
For the enlargement, betterm ent or extension o f the
r k . fo r 50 yearsfrom July 1,1881, w ith p riv ile g e o f renew al fo r in
properties covered b y m ortgages (1) and (2), or for
terest on bonds and divid. on stock, amounting in all to $42,730. See
extensions, additions or equipment, at not exceeding
table above and V. 75, p. 665 Y e a r ending Sept. 30,1900, gross
$1,500,000 a year fo r the first fou r years and at not
earnings, $301,096, against $269,695 in 1898-9; net (over taxes),
exceeding $1,000,000 a year th erea fter.......................
27,000^300
$168,007, a ga in st$134,548. In 1893-4, gross, $152,333; net, $64,792.
Reserve fo r new company, all issued (V. 71, p. 8 3 )......
7,000,000
—(V .7 5 ,p . 665.)
3) Southwestern D iv is io n zst M ortgage 3% per cents.
2
B a l t i m o r e & H a r r i s b u r g R R . —E m ory G rove, Md., to OrrV irtu a lly a first lien upon the properties consti
tanna, Pa., 59 miles, w ith branches, 7 miles, total, 66 miles. Leases
tuting the B. & O. Southwestern R R . system, or the
Balt. & H arrisburg R y., W estern extension, Orrtanna to H ighfield, 15
securities representing the same, coverin g about 921
miles, guaranteeing interest on its bonds. Leased to W estern M aryland
miles o f first track and about SOS's miles o f second
RR. fo r 50 y ia r s from Oct. 25, 1886; rental, in terest on bonds. Stock,
track and sidings. T o ta l issu e...................................... $45,000,000
common, $690,000; pref.. $29,100. Y e a r ending Sept. 30, 1900, sur
O f whioh to be issuable only at the rate o f not exceed
plus o ver charges, $58,997.—(V. 44, p. 812.)
ing $1,000,000 per y e a r fo r the enlargement, better
m ent or extension o f the properties covered b y lien ...
5 ,000,000
B a l t i m o r e * O h i o R R . —(SeeM a p ).—R o a d .—Operates from B alti
O f whioh in partial exchange lo r old bonds....................
3 5 ^ 40,080
m ore to Philadelphia and Baltim ore to Chicago, Cincinnati and S t
Sold to syndicate fo r cash requirem ents.........................
4,450,020
Louis, the total m ileage leased, owned and operated being in July,
(4) B. < O. Pittsburg Junction <t M iddle D ivision 319 percen ts. Ex£
1901, 3,221 miles. The “ R o ya l Blue L in e ” (see Central R R. o f N. J.)
ected to be u ltim ately a first lien upon the railroads o f the Central
gives the road access to N ew York.
hio system and P ittsbu rg Junction R R . Co., 385 miles in all—
The system embraces, subject to the mortgages, the fo llow in g lines:
Total authorized issue in no case to exoeed...................... $20,000,000
Other Lines—
Prior lien
M.—(1,017 miles) Miles.
O f which to he issued o nly at the rate o f not exceeding
Balt, to Wheeling, Belpre, 0.. etc. ..683 Staten Island Rapid Transit......
24
$1,000,000 per year fo r the first tw o years ana
Pittsburg Division (east of Pitts.). .334 West Virginia & Pittsburg......... 176
Pittsburg & Western.................. 343
thereafter at the rate o f not exceeding $500,000 per
1st M. 456.—(670 miles)
3
1
Baltimore to Philadelphia and brs.118 Mononaabela River RR..............
year, fo r the enlargement, betterm ent or extension o f
75
Chicago, 1 1 to Akron O......... ... .369 ( lev. Terminal & Valley ..........
1 .,
the properties covered by the m ortgage........................
5 ,000,000
Branchesto Fairmont. W. Va.,etc... 93 Cleveland Lorain & Wheeling Ry.
O f whioh in partial exchange lo r old bonds....................
10560,000
Wheeling to Cleveland, etc....... 1 1 2
sou th
M .19
Sold to a syndicate tor cash requirem ents......................
4 ,000,000
Belpre, O.. viaCincln.toSt. L.. etc. 918 Ohio River RR. Lines.
Balance fo r contingencies.................................................
431,000
Benwood to Wheeling, etc.........U270
Pitts. June. 3 6 M - (384 miles).'files
1%
so
Bellaire to Midland City, O...... )
S77 West Virginia Short Line R R .....
O f these bonds $6,175,480 are outstanding in the hands o f the publio,
soHwuee to Sandusky, O......... )
oauuua.j, .............
Ohio & Little Kanawha R R ........
80 $7,635,050 additional being pledged as part collateral fo r the Pitts.
Shawnee
Pittsburg Junction RR
...
7
---Total of all (adding Baltimore Belt and other lines)..............................4,208 Lake E rie & W est Va. System 4s.
note.—The u nderlying bonds still outstanding in July, 1900, are In
Tn 1901 acquired m ajority o f stock o f Cleveland Lorain < W heeling cable above. The underlying stocks still in the hands o f the publio
fe
Ry. (V .72, p, 480), Ohio R iv e r RR. (V. 73, p. 81) and entire stock of
were: Central Ohio common stock, $23,784; preferred, $4,550; N ew
W est Va. Short L in e R R . (V. 73, p. 235), in all 522 miles o f road, and ark Somerset & S traitsville common, $90,450; preferred, $39,050.
began operating them, the O. L. & W . from Feb. 1, 1902, and the latter
Pitts. Jot. common, $845,150; preferred, none.
tw o from Aug. 1,1901. The Ohio & L ittle Kanawha, 80 m., and Pitts.
(5) Pittsburg Lake B rie dt West V irg in ia System m ortgage refunding
<fe West, w ere acquired N ov., 1901. Y . 73, p. 1263,1356.
4 per cent gold bonds (authorized amount $75,000,000) are a lien on
H i s t o r y .— R eceivers w ere appointed in February, 1896, but on July
1,633 miles, consisting o f the Ohio R iver, Cleve. Lorain & Wheeling,
1,1899, the road proper was returned to the company, the reorganiza- J Pittsburg & Western, etc., form ing a direct connection w ith Pittsburg,
tion plan (in V. 66, p. 1235,) having been consummated without Cleveland, Fairport, Loraiu and Sandusky, subject to underlying
foreclosure and the road va stly im proved In physical condition. bonds outstanding thereon (see table above). In Jan., 1902, $21,845,Th e reorganization o f the B. & O. Southwest, was effected and n ew 050 additional underlying bonds, including $7,635,050 Pittsburg Junc
securities issued In Sept., 1899, p er plan in V. 67, p. 688, the consol,
tion & Middle D ivision 3L>s, w ere held in trust as part security. Of
m ortgage of 1893 having been foreclosed, and the road virtu ally the total issue o f bonds $20,000,000 were sold in Feb., 1902, $40,000,m erged.—V. 71, p. 1218. In January, 1900, new securities w ere Issued 000 w ere held to retire underlying bonds outstanding (of whioh $12,under the plan o f reorganization o f the Cent. Ohio and other leased 425,000 are subject to call) and the rem aining $15,000,000 are issuable
Unes. V. 67, p. 688,1109,1206,1356. On Oct. 9,1901, the Pittsburg & fo r additions and improvements. See fu ll statement, V. 74, p. 266.
W estern was purchased at foreclosure sale. See (5) below. Regarding
(6) The 4 per cent debentures o f 1901 are convertible at the option
Reading co rtro ), tee V. 75, p. 499, 549, 186, under caption o f Reading of the holder into oommon stock at par on 30 days’ notice (see V. 73,
p. 1159); they m ay he called fo r paym ent at par and interest on
Oo. and B. & O.
S
RAILROAD STOCKS AND BONDS,
O ctober , 1902.]
17
Bonus—Prin ci
IN T E R E S T O R D IV ID E N D S .
pal, When Due.
Miles Date Size, or
Am ount
When W here payable, and by Stocks—Last
of
Par
For explanation of oolurnn headings, &c., see notes
of
Outstanding Rate per
Whom.
cent.
Payable
Dividend.
on first page o f tables.
Road. Bonds Value.
R A IL R O A D S .
Ban. d A r .( C on.)—1st M. Piso.D,. $1,500,000,g.G.o*
Van Buren Exten. 1st M., $500,000, g ....... G .o.*
Aroostook No. 1st M., $225,000, gold...........G .e*
Consol, refund’ g mort., $20,000,000, gold .O B .o*
Car trusts, G, l'O-yr. 5s, 1900 (See V. 70, p. 893.)
Bangor < Portland—1st m ortgage, g o ld .................
fBath Extension m ortgage, go ld ..........................
Bath d Hammondsport—1st m ortgage, go ld ...........
Second m ortgage, gold C e ....................................
Beaver d EU wood—1st m ortgage, g o ld ...................
Beech Creek— Stock (guaranteed 4 per cent by end.)
1st M., g. guar. p. & i. (end.) K
................. c&r
2d M. fo r $1,000,000, g, gu. p. & i. (end.) . D n . c i t
Clearf.Bitum .Coal 1stM .,int.gu .b y Bh. Cr.,gold.c
Beech Or E x '.—Is tM ., $4,500,000, g., gu.p.&.i.G.o*
BellaireZanesvilled Cin.—P rior lien mort., red.atl05
1st M. ($262,000 reserved fo r prior lien bonds)..
Bellingh. Bay & B rit. Col.—1st M., $1,000,000, g.,s.f.
Belt R R d Slock Yard o f Ind ia n a p olis—S tock.___
P referred stock, cum ulative..................................
1st m ortgage fo r $1,000,000, currency.................
Belt Ry.—1st M .(red. aft. Ju ly 1,1903) g .M e B a .o *
Belvidere Delaware—Stock ($4,000,000)................
Cons.mort. ( guar, b y U nited Co’s & Pa. RR., s.f..r
of 1875.. i guar, b y U nited Co’ s & Pa. R R ., s. f . .r
$4,000,000 (issu e $600,000 reduced b y s. f ...... r
B irm in gh a m d A tla n tic—1st mort., $500,000.......
B irm in g . d A llan. A i r L. R y —1st M., g. (see t e x t).
Bisrn. Wash, d Ot. Falls 1st M.. g., see text.C...c<fev
Bloomb’g d Su lliva n R R .—1st M., $400,000___ F P
2d m ortgage, income, non-cum., $200,000. . . F P
Boonville St. L . d South. R y .—lstM .g.$l,00O ,000.o*
77
33
1512
359
10
10
3
160
160
160
59
42
25
67
67
67
35
*46
30
30
44
1899 $1,000
1899
1,000
1897
1,000
1901
1,000
’96-’00 1,000
’ 80-’86 100 &c
1900
1,000
1889
1,000
1893
1,000
1899
50
1886
1,000
1892
1,000
1891 100 &e.
1901 l,000&o
1889
1,000
1890
1,000
1,000
1901
50
50
1881
1,000
1895
50
1885
1,000
1,000
1887
1893
1,000
1891
1,000
1902
1900
1,000
1,000
1898
1,000
1898
1,000
1881
any interest day, beginning Mar. 1, 1902, either w h o lly or p a rtly in
the inverse order of th eir numbers. V. 72, p. 282: Y . 73, p. 337,1158;
V. 75, p. 519.
L e a s e d L in e s .—SchuylMH R iv e r E ast Side bonds, stamped [V. 68,
p. 40], and treated as fo llo w s : The road is leased at a ren ta l equ iva
lent to interest at 5 p. o. on the existing bonds, but the n ew company
has the righ t to purchase all the Schuylkill bonds at 110 and
accrued interest at any tim e after Dec. 1, 1900, and prior to Dec. 1,
1903, on 30 days’ notice. I f not so purchased, the company w ill
assume the ultim ate paym ent o f the principal when due. V. 69, p. 1063.
The Staten Island Rapid Transit new 4s the Baltim ore & Ohio RR.
agrees to purchase at par and interest in cash p rior to Ju ly 1,1904,
and meantime to guarantee interest thereon at 4 per cent. V. 68,
p. 189, 133, 525; Y . 69, p 696.
The W est V irgin ia < Pittsbu rg (see agreem ent in V. 67, p. 1310),
fe
has been operated since Sept. 1,1899, under a 99 years’ lease, fo r 4 per
cent on the m ortgage, to be appropriated to paym ent o f bond interest,
the B. & O. h aving the option fo r 5 years to purchase the bonds at par
and accrued interest on 60 days’ notice. V. 69, p. 439.
The B. & O. agrees to purchase on or b efore Feb. 1,1903, at 125 per
cent and interest the $2,400,000 Pittsburg Cleveland & Toledo bonds
(or not less than 70 per cent thereof), w ith the option b y the bond
holders to exchange fo r new securities. V. 70, p. 632.
F in a n c e s .—H olders o f common stock subscribed in M ay, 1900, to
$6,398,900 common stock at $80. In Sept., 1901, the authorized com
mon stock vas increased from $45,000,000 to $60,000,000, to p rovid e
for conversion o f $15,000,000 debenture 4s issued in March, 1901, for
improvements, etc. (V. 72, p. 282, 337), and in Nov., 1901, was further
increased to $100,000,000. In Oct.. 1902, $14,292,000 debentures had
been converted. Stockholders in Dec., ’01, subscribed to new common
stock, viz., $22,537,200 at par, raising the amount outstanding to
$75,996,200, chiefly to acquire the stocks deposited under the
Pittsburg Lake Erie & W est Va. System m ortgage, and the reduction o f
their debts. The rem aining $17,462,800 stock unissued w ill be used to
acquire the balance o f the stocks o f those companies, pay their floating
debt and for additions. V. 73, p. 1159; V. 74, p. 150, 266.
The stockholders in Sept., 1902, subscribed at par to about $42,500,000 additional etock to the ex ten t o f 30 per cent o f their holdings, 50
per cent being payable at once and 50 p. o. on N ov. 24, 1902, raising
toe amount outstanding to $118 496 .200; o f the proceeds $20,000,000
is applicable to equipment, $12,500,600 to double-tracking between
Newcastle ank A kron and miscellaneous construction, and the remain
ing 1*10,000,000 to acquire stocks, bonds, etc., to be placed under the
Pittsburg Lake Erie < West Va. System m ortgage. V. 75, p. 549.
fc
As to reported purchase o f Reading Co. stuck see “ H isto rv” above
and V. 75, p. 186.
in A pril, 1901, made $10,000,000 equipm ent bonds, $1,000,000 due
yearly Dec. 1,1901 to 1910, covering 9,000 cars, etc., as above stated.
E a r n in g s —From July 1, 1902, to Sept. 30,1902 (3 months), includ
ing B. & O. Southwestern in both years, w ere :
1902................................................Gross, $16,188,073; net, $6,314,063
1901................................................ Gross, 14,706,286; net, 5,8b7,748
Earnings o f July, 1901 and 1902, based on 3,884 miles, being entire
system (4,208 miles in both years) except
Valley H FCof Virginia, Raver-swoorl Spencer & GJenvilie, Kiulev & Mill Creek
Valley, Ohm y Little Kanawha, ( levelauri Terminal ft Valley, Cleveland Lo
rain A Wheeling and Staten Island Rapid Transit Co.
.
A n n u a l R e p o r t ,—Report fo r y e a r ending June 30,1901, was In V
73, p. 11'8, )115. The results (the Balt. Ac Ohio Southwestern being
included In the preceding year for the purposes o f coin pari son) are
shown belov., (See also editorial, p. 1084.) A vera g e rate per ton per
mile, 4-9 8 mills In 1900-1, against 4'71 mills in 1899-0; average reve
nue train load, 361 tons, against 366 in 1899 0.
1'ear ending June, 30—
1901-2.
1900-1.
1899-0.
M iles.....................................
........
3,221
3.200
Freight
....................... i
( $35,553,872 $31,324,702
(■ngcrH............................. > $51,077,116 '
9,054,602
8,335,66 5
Mall, express, e tc ................ )
(
2,505,957
2,1..6,928
Totii 1 gro.i i earnings___.,.$51,077,1 16 $47.114,431
Operating expenses
32,888,762
31,010,231
$12,1 17,405
27,641,130
Net earnings ...
Other Income (net).
$14,473,275
812,701
Total net Income...... .
Interest, and rentals...............
Taxes...... ............................. .
Discount, commissions, e tc _
_
Dividends on pref. s’ oeb..
do
common stock..
Addition- and Improvements.,
$18,188,35 1 $16,008,260
688,429
$ I 0,756,629 $15,285,970
$ 8 ,14H,bl2
$7,475,171
070,59 1
879,176
448,627
317,837
(4)2,400,000 (4)2,4 00,000
x (2)900,000 (4)1,673,560
2,500,000
2,540,231
Balance, surplus............. ...
...... . . . . .
$1,388,985
.......
x 3eml annual dividends are being paid, but, only one here Included
Executive Committee.—L. F. Loree. Chairman; J. K. C
’owen; H. M
t revost, John |P. Green and .1antes MoO’rea; Bros,, L, F. Loree; Vice
Bres^Oscar G. Murray; See., O. W. W oojford; Tress,, J. V. MeNeal
ine 1 ennsy I van la Hit. is represented on the board by 8. M. Provost
Jonn P (ireen, Samel Rea and .James MoOrea. Other dlreoters:
$1,500,000
5 g. A. & O N. Y ., Guar. Trust Co.
do
do
500,000
5 g. A. & O
do
do
225,000
5 g. A, & O.
2,303,000
4 g. J. & J N.Y.,BrownBros<feBo8.
990,000 5 g. & 6 Various N. Y ., Guar Tru st Co.
320,000
6 g. J. & J. N. Y ., 26 Exch. Place,
do
do
60,000
5 g- M. & S.
100,000
N e w Y o rk City.
5 g- J. & D.
do
do
200,000
5 g. A. & O.
150,000
4 g. J. & J.
4
5,665,000
Q .-J . N. Y ., Grand Cent. Sta.
do
do
5,000,000
4 g. J. & J.
do
do
500,000
5 g. J. & J.
774,000
4 g. J. & J. N. Y ., K n ickerb’r Trust.
3,500,000
3 hi g. A. & 0. N. Y ., Gr. Cent. Station.
*216,000
6
J. & J. July,’94, ooup.lastpaid.
4
1,138,000
J. & J.
500,000
5 g. J. & D. N.Y,U .S.M & T.C o.& S.F.
1,000,000 5 in 1902 J. & J. Indianapolis, Co. office.
6
do
do
500,000
Q .-J .
M. & N. Phila., W. H. Newholds.
1,000,000
6
J. & J. B alt.,M erc. Tr. & Dep.
275,000
5
1.253,000 5 in 1902 Feb.
Philadelphia, Pa. RR.
4
M. & 8.
do
do
500,000
do
do
4
F. & A.
749,000
500,000
4
J. & J.
do
do
M. & N.
500,000
6
In default.
See text.
See text.
N e w Y ork .
5 g- J. & J.
400,000
5
J. & J. Phila., F. I. T. & S.D.Co.
200,000
5
J. & J. Phila., when earned.
400,000
6 g- F. & A. N. Y ., A m er. E x. Bank
Jan. 1, 1943
Jan, 1, 1943
Oct. 1, 1947
July 1, 1951
, emi-annually
1930-1936
Moh. 1, 1925
June 1, 1919
A pr. 1, 1923
Ju ly 1, 1919
Oct., 1902, 1%
July 1, 1936
Ju ly 1, 1936
Jan. 1, 1940
A p r. 1, 1951
Ju ly 1, 1899
Jan. 1, 1940
Deo. 1, 1932
July, 1902,2is
Oct. 1, ’02, l i «
A pr. 30,1911
Ju ly 1, 1945
F eb .24,’02,5%
Sept. 1, 1925
Feb. 1, 1927
Jan. 1, 1933
N ov. 1, 1931
1952
Jan. 1, 1930
Jan. 1, 1928
Jan. 1, 1928
Aug. 1,1911
John K. Cowen, Martin Erdmann, Edward H. Harriman Norman B. Ream,
Jacob H. Sehiff, Charles Steele, James Stillman. Edward R. Bacon. Repre
senting State of Md., L. Victor Baughman, A. P. Gorman.
N. Y . Office, 2 W all S t .- V . 74, p. 1037; V. 75, p. 28, 441, 549.
B a l t i m o r e Ac P o t o m a c R R . —See Phila. W ilm in gton & Balt. R R ,
B a n g o r & A r o o s t o o k R R . -(See M a p )—Oldtown, Me., n orth e rly to Van Buren, w ith branches.
L in es owned—
Miles.
M iles.
Brown v ille to Caribou and h r..205 A roostook Northern, Caribou
Ashland Jet. to A sh lan d ......... 43
to L im eston e......................... 16
O ldtow n to G reen ville and B. &
K . Iron W ork s...................... 95
T o ta l operated................... 359
Or g a n i z a t i o n —Organized Feb. 13,1891. State o f M aine refunds
95 per cent o f all taxes levied. F o r organization see V. 66, p. 855.
Th e Fish R iv e r RR., Ashland, Me., to F o rt K en t, 51hs m iles, w ill be
leased on com pletion in Dec., 1902; 10 miles h ave been operated since
Aug., 1902.— (V. 74, p. 150.)
St o c k .—Common, $1,050,000; 10,400 shares fu ll paid and 100
shares, 5% paid; pref., 5%, non-eum., only $64,300 rem ain outstanding.
B o n d s .—A s to gold 5s on Piseat. D ivision see V. 67, p. 1159; V . 68
p. 84, 329.
Van Buren Extension 5s o f 1899, V. 69, p. 952.
O f the consol, refunding go ld 4s, $12,500,000 are reserved to p a y
o ff the outstanding bonds, including those o f controlled roads, oar
trusts and p referred stock, and to acquire such controlled roads, $3,000,000 fo r im provem ents o ver a series o f years and $4,500,000 fo r
extensions at $25,000 per m ile including equipment. V . 73, p. 286.
896; V. 74, p. 93.
L a t e s t E a r n in g s .—11 mo., J 1901-2.Gross, $1,568,479; net, $560,002
Ju lv 1 to M ay S I.
( 1900-1.Gross, 1,322,117; net, 495,768
A n n u a l R e p o r t —R ep ort fo r year ending June 30, 1901, in V. 73,
p. 896, showed: Gross, $1,449,454; net, $536,086; charges, $406,488;
betterments, $80,000; bal., surplus, $49,608. In 1899 0, gross, $1,230,423; net, $483,882.-<V. 74, p. 41,93, 150.)
B a n g o r Ac P o r t l a n d B y , - P o r t l a n d to Bath, Pa., 29 m ile s ;
N azareth Jet. to M artin ’s Creek, 5 m.; other branches, 5 m.; total, 39
miles. Stock, $510,000, a ll acquired In 1900 b y D elaw are Lacka
wanna & W estern R R . Bonds, see table. D ividend (6 p.o.) paid Jan.15,
1901. F o r year ending Deo. 31, 1901, gross, $254,729; net, $63,005;
toterest and rentals, $40,363; div. (5% ), $25,500; bal., def., $2,858.
B a t k & H a m m o n d s p o r t K R . —Owns road from B a th ,N . Y ., to
Hammondsport, N. Y ,, 10 miles. Chartered in 1872. St o c k , $100,000;
par, $100. E a r n in g s —F or year 1901, gross, $34,116; net, $14,241.
B a y o f Q n i n t e R y . = V . 74, p. 150.
B e a u m o n t W h a r f & T e r m i n a l . —V. 71, p. 287,865.
B e e c h C r e e k R R . - ( S e e M ap a d jo in in g N . T. C en tra l.)—R o a d —
Jersey Shore, Pa.,to Mahaffey,113 m; branches, to Philipsburg, to mines,
&o., 47 miles; total, 160 miles; trackage, 33 miles; total, 193 miles.
L e a s e , <fec.—From Oetober 1, 1890, leased to the N. Y . Central &
Hudson R iv e r R R. fo r 999 years at in terest on bonds and 4 per cent
on stock, and since M ay 1, 1899, operated dtreotly as a part o f its
Pennsylvania division. V. 68, p.872. Carries m ostly coal and ooke.
See guaranty V. 52, p. 570. The bonds are endorsed w ith N ew York Cen
tra l’ s guaranty o f prim and int. See V. 52, p. 570.— (V. 75, p. 341.)
B e e c h C r e e k E x t e n s i o n R R —( See Map a d jo in in g N .Y .C e n tra l.)
—Clearfield, Pa., to K eatin g, 54G7 miles; R ossiterto Rossiter Jet., 3*21
m.; M cKIhattan to Youngdale, 1 24 ui.; total, 58 62 miles; operated
from July i , 1902. A low -grade ooa) line leased to N. Y . Cent. & Hud.
R iver RK. (which owns entire $4,500,000 stock) fo r 999 years from
M ay 22, 1901, bonds being guaranteed, n rln 'a n d int.—(V. 73, p. 790,
1111,1356.)
I t e l l a l r e Z a n e s v i l l e Ac C i n c i n n a t i R y . —Owns Beilaire, O., to
Mill Run, O., I l l miles, three-foot gau ge; trackage to Zanesville, 1
mile, in Juno,’95, Gen. M anager J. K. Geddes was made receiver; in
terest due Jan. I, 1895, on the prior Hen bonds being in default.
V. 61, p. 289.
In Deo., 1901, a large m ajority o f the securities was
deposited with the reorganization com m ittee (Frank S. Hambieton,
Chairman); M ercantile Trust A Deposit Co o f B altim ore, depositary,
but no plan had bo< n form ulated to Got., 1902; name o f now com puny
will probably be Ohio R iver * Western UR, V 73, p. 015, 1312;
V. 75. p. 702. Stock: Common, $832,000; preferred, $795,910; par
$;.(), in year ending June 30, 1901, groHH, $192,772 ; net, $42,057.—
IV. 75, p. 792 )
I l e l l l n g h n m H a y Al I t r l t l n l i C o l u m b i a i t i t . W hatcom to
Maple Kails, Wash., 42 m iles; extension under construction from
M aple F alls to Cornells, 7 m.; a further extension o f over 50 m. also
proponed. Stock, $1,000,000, all owned Jan., 1902, by New York and
Han Kranelsco parties. Y ear ending Dee. 31,1901, gross, $12<>, 134; net,
$18,000; taxes, $5,787; Int.on bonds (1 mo.), $2,083,- (V. 73, p 1356 )
B e l t H u ll r o a d Ac N lo c k Y a r d o f I iK lin i i h i »o I I « . —Owns l-l
miles o f belt road, etc. laiasod for 990 years to tod. unlbu which see
Div id e n d s .— > Preferred In Common ’95. ’98. ’ 07. ’ 08 In Oct., ‘02.
8 In CO 1894
( full to date, stock 1). 0. 5
4 hi
O
5 yearly.
I’ res., 8.10. Ranh, Indlanupolis, Inti. (V. 03, p. 153; V. 00, p,334.)
B e l t It nl I w a y ( o f C l i a t t n n o o g n , T e u n . ) . —
»Owns 25 miles of
belt, railroad In Chattanooga, Tone, V. 07, p, 72.
IftS T o u r .- A reorganization o f Union Ry. foreclosed J u n o l7 , 1895,
Leased til! July 1, 1045, to Alabina Great, Southern KR.; rental guar
anteed to meet Interest on 1st M. bonds, taxes and maintenance.
INVESTORS’ SUPPLEMENT
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Megantic
/\
rn
,e
PACIFIC
&
^ / \
j
Holeb
r
Lowt^l T.
.
GREENVILLE
/ ~ "l \
1 ^
4/1
Uanehar
■
am'
Sebie
KATAHDIN
\
IRO NW O RKS
L vp
C
|
iO BROWNVILLE
[Nc/tooclic
Lakes
Bancroft
Wytopitlock
North Twii
Moosehead
^/v ^
/
v
cindstoueJTO |
[o o s e h e a d p ama%&mcook
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'Lincoln.
jc?
i Monsc
{PaemhcJlenee
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u \ f
,
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* Lakes'
e /i
a
-s
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- —- i
■
v l —*-** Dexter
River*^- Redingtkn Mill^ \
So. End .
mgVley 7 "
Sanders
^ Corini\ab
Embdenj
'Salem
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u—
\
\Anson
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. . . “ euzn ^ 0rono
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JC ^fSverfflbre "
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Waldo
h tv
G ilbertviU ^ ^ v
^ p M^ r j rJ / n r p//
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BethdPiocks Mills
/ ,j ^ p l L L y ^
Ef / B E
A, L D 0
^ \\Rpaaiieiarr
/p
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grand
Hartfordi
bversidy/Palerm6'V
Machias
Uncock
It.Desert F<
9f/w
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eeue
4
^in
fddoV'
/a
Uldpbor!
S^^Ricbi
*
lobh
few
jGlOucesteJV^
fray l QBrm?Rwjj
o
A
4
>
MAP OF THE
BANGOR & AROOSTOOK
RAILROAD AND CONNECTIONS.
O ctober , 1902. J
RAILROAD STOCKS AJND BONDS,
19
Bonds—Princ iIN T E R E S T O R D IV ID E N D S .
pal,W hen Due.
M iles D ate Size, or
A m ou n t
R a te per W hen W here P a y a b le , and by Stocks—L a st
Par
of
of
F o r explan ation o f column headings, <fcc., see notes
Outstanding
Cent.
P a ya b le
W hom.
Road. Bonds Value.
D ividend.
on first page o f tables.
__________________ R A IL R O A D S .____________________
Boston (£ A lb a n y —Stock ($30,000,000 au th orized)..
Bonds (not m o rtg a g e ).............................................
Bonds (not m o rtg a g e) $5,000,000........................ c
Bonds, $2,500,000, cu rrency
Boston < L ow ell—S to c k ..'
&
Bonds, n ot m o rtg a g e..
do
Bonds,
Bonds,
do
Boston & M aine gives
do
Bonds,
0*..
a ren ta l guarantee
Bonds,
do
0*..
fo r 99 years.
....
Bonds,
do
Bonds,
do
do
Bonds,
0 ... J
Boston < M a in e—Stock, com m on and s c r ip .O B —
£
P re fe rre d stock, 6 per cent, n on -cu m u la tive.O B .
Im p ro v e m ’t bonds, s. f., n ot m ort. o r subj. to ca ll
Im p ro v e m ’t bonds, s. f ., n ot m ort. or subj. to ca ll
Bonds (not m ortgage) fo r im p. < r e f— ........ c<fer
fc
Bonds, not m ortgage, g o ld ................................ c«fcr
Bonds, $5,454,000, g., secured by F itch b. stock..
Im p ro vem en t bonds, n ot m ort., $1,000,000.........
N e w bonds, ( f 2.000,000)........................................
Eastern R R .c e rts .o fin d e b t.ls tM ., g.,s.f.,n o td m .c
Portsm ou th G reat F a lls & C onw ay 1st m o rt...... c
C en tra l Massachusetts, 1st M . I B , assum ed___ c*
C h arlestow n land m o rtgage n otes.........................
P o rt. & Roch. Term in al bonds (no m ort.) ass’ d .c
Boston dt P ro v .—Stock, 10 p. c. guar. 99 yrs., Old Col.
Bonds, n ot m o rtg a g e.............................................c*
Boston Revere Beach & L y n n —S to ck .........................
N e w 1st m ortgage, $1,000,000, g o ld 8 B ........ c*<fcr
Boston W inthrop & Shore 1st m ort a s s u m e d .IB
Boston T erm in a l Co —1st m ort., c u rre n c y .O B .c&r
B ra d . B o rd < K in s u a —1st M., $300,000, g .Ittp .c *
&
B ro ok ly n & Rockaway Beach.—1st M ., $350,000,g. c K
Brunxw . < B irrn ivg h .—Is tM ., $12,000,000. g . K c*
£
394
$100 $25,000,000 See text.
3,858,000
3^
3,'627,000
4
1,000,0 r 0
3**
8
6,529,400
100
__ 1883 1,000
4^
250,000
4
3,675,000
1885-9 1,000
....
4
1892
1,000,000
1,000
_
_ 1893 1,000
4
1,000,000
__ 1895 1,000
4
500,000
_
_ 1896 1,000
4
750,000
. . . . 1897-8 1,000
4
414,000
_ ’ 99-'01 1,000
_
3*2
939,000
_
_
23,638,070 7 in 1902
100
3,149,800
6
100
.... '85-’ 87 1,000
1,500,000
4
__ 1887 1,000
4
1,919,000
2,500,000
4
1892 1000&C.
__ 1894 1,000
6,000.000
413 g.
5,454,000
1900
1,000
3 g.
_
_ 1901
3^
1,000,000
See t e x t
8,110,941
111 1876
6 g.
$ & £
998,000
73 1877 500<fcc.
413
2,000,000
5
99 1886
1,000
Y a r.
594,800
4
Y a r.
.... 1892
4
113,500
500
4,000,000
10
100
68
4
2,170,000
'8 8-'93 1,000
850,000 2 in 1902
....
100
561,000
4 i^g.
9 1897 1000&C.
289,000
5 1886
1,000
5
1897 i,o o o & c 14,000,000
3*2
249,000
27 1892
500
4 g.
320,000
3h2 1891
1,000
6 g.
1902
1.000
—
1,250 »' 0
412 g.
1902
1893
1901
St o c k is $300,000, ow n ed b y ALa. (Treat So. R y. T h ere are also $24,000 second incom e 4s, due 1945, bu t subject to ca 1 at p a r July 1,1903;
-coupons p a id fro m Jan , 1901, to Ju ly, *1902, incl..— (Y . 63,p. 699.)
B e l v i d e r e D e l a w a r e R R . - O w n s from Trenton, N. J., to Manunka Chunk, N. J., 6 7 .m.; FlemingtonRR.,<fec., 14 m.; operated cut-ofl
1 m.; tota l operated, 82 miles. Leased to U n ited Companies, and tran s
ferred to Penn. R R . M arch 7,1876. N e t earnings paid as rental.
St o c k .—A u thorized, $4,000,000; ou tstan din g Feb., 1900, $1,253,000; par, $50. D ivid en d s: 1897 to 1902, both in clu sive, 5 p. 0. y e a rly .
B o n d s .—Th e $1,249,000 4 per cents o f 1885-7 are guaranteed b y the
U nited Companies, and th e ir gu aran ty assumed by the Penn. R R .
under its lease. Bonds o f 1885, 1887 and 1893 are secured b y the
consoL m ortgage o f 1875 fo r $4,000,000, w hich provid e* fo r a s in k
in g fund o f 1 per cent o f outstanding bonds if earned. T h e $1,000,000
6 p er cen t bonds due June 1, 1902, w ere p a id at m a tu rity .
E a r n in g s .—In 1901, gross, $1,306,565; n et, $412,086; in terest, etc.,
$219,237. In 1900 gross, $1,221,500, net, $381,451.
B e n n i n g t o n 6c R u t l a n d R y , —See R u tla n d R R .— (V. 70, p. 685.)
B e r k s h i r e R R . —W est S tockbridge, Mass., to C on necticut State
Lin e, 21 miles. R oad opened 1842. L ea sed A p r il 1 ,1 893, fo r 99 years
to N . Y , N. H . & H. R R . fo r expenses, ta x es and 6 p. c. on stock, paid
■Q.-J. 15 at Housatonic N a t. Bk., S tockbridge, Mass. L ea se to Housaton ic R R . suspended but n ot canceled. Stock, $600,000.
B e s s e m e r 6c L a k e E r i e R R . —H a s 10 m iles under construc
tion; leases Pitts. Rea. & L. E,, 203 m iles. See th a t com pan y and. Y.
72, p. 136. Stock authorized, $300,000.
B i r m i n g h a m & A t l a m a A i r L i n e R v \ —Carters v ille , Ga., to
P e ll C ity. A la ., 117 miles, w ith branches 5 m iles; exten sion fio rn A t
lanta to Birm ingham , A la ,, 80 m iles, to be com pleted w ithin a year.
Ow ned by the Seaboard A ir L in e R y., ta k in g o v e r in its i i te re s t m
M ay, 1902, the E a *t & W est R R . o f Alabam a. Stock, $%000 000.
Bonds to be $r>,C00J 00 50-year firso mortk age 4s, issuable at not o v e r
$25,0^ 0 per m ile. F o r y e a r en din g June 30, 1901 (1 Id com pan y), gross
earnings, $161,292; net, $21.10 6 . - ( Y . 74, p. 1088.)
B i r m i n g h a m 6c A t l a n t i c R R . —T a lla d eg a to P e ll C ity, A la ., 23
miles ; branches, Bogans to ore beds, 9 rn.,and Furnace to W eisingers,
3rn ; tota l, 35 m iles. Stock, $1,000,000, a ll com m on; p a r of shares,
$100. Y e a r en din g June 30, 1901, gross, $35,040; der. under oper.,
$13,067: bond in terest n o t paid. Presiden t, Sidney H . M arch; Sec. and
Treas., John Carlsen, 25 B road 8t., N . Y.
B b m a r c k W u * l i b u r r i 6c G r e a t F a l l * R y . —Bism arck, N. D.
to W a d i horn. 46 rnM com p eted N o v., 1901; projected thence to G re a t
Falls, Mont. Stock authorized, $500,00 >; outstanding, $300,000; par
of shares. $3 00. Of the bonds (au th orized issue $7,000,000) $600,000
are issuable on the ftr^t 46 m iles under construction and the balance
at $1.2,000 per m ile. President, W. I). Washburn, Bismarck, N . D.;
Sec. and Treas., C. 0, Crane, M inneapolis, M in n .— (V , 70, p. 1248.)
B l o m n ^ b u r g 6 c S u l l i v a n I t K . —Owns Bloornsburg to Jam ison
:
C ity, Pa., 30 miles. Stock is $600,000; par. $50.—Y. 66, p .8 0 ,9 5 2 .
Year ending June 30, 1901, gross. $68,035; net, $33,857; Interest,
taxes, e tc., $25,244; baL, surplus, $8,613
(V . 66, p. 80, 952.)
Bo!*u- N a m p a 6c O w y h e e R y . —N am pa to Murphy, Idaho, 30*45
truies, com pleted Ju ly, 1899; sidings, -87 m iles; total, 31*32 miles. In
1901 ex tendon was com pleted from Nam pa north to Emmett#
2s miles, under charter o f M alm N orthern Ry,, to be fu rther extended
to H or-o Shoe Bend, Idaho. 26 miles. Stock, $1,000,000; par, $100;
all common and all outstanding. In Dot., 1901, com pany stated th a t
no bonds were to be issued “ at present.” Y e a r ending June 30, 1901,
jrroHH, $86,370; net, $16,198
President, W. H. Dewey, Nam pa, Idaho;
Bee., K. E. G reen, Boise.
B o o n e R o c k w e l l < l f y 6c N o r t h w e s t e r n R y , - 8 e o N ew ton
k Northw estern E y.— ( V. 75, p. 792.)
B o o n vl l i e Nt. L o m I m 6c S o u t h e r n B y . — B o o n vllle to V ersailles
Mo., 4 1 miles. Leased to Mo. Pan. fo r 30 years from Ju ly 1, 1880, at
annua! rental o f $25,OIK , taxes, expenses, i t c
Stock, $250,000; par
of snares, $1/5. Earning# not reported separately.
B o s t o n A- A l b a n y R R , —Owns from Boston, Mass., to A lbany,
N. 5. 202 miles; numerous branches. 104 mlles; leased lines. 88 miles;
total operated, 39 v miles. A consolidation o f Decernher, 1867,
Taken o v e r under lease on N ov, 10. inOO, by the N. Y. Cent, fo
fin d. Hiv, HE. See below, V. 7 1, p, 697, 963. T h e lease runs fo r 99
1
>w,
for
years from .Inly 1,1900. th N. Y. Cent. < fin d. Rlv. UK. gt d r
„ 1,1900, the
V
anteelng
am,4mitig rental o f 8 per cent per annum on the $25,000,000 sleek,
payable, rjnart* r]y (M ar. 30, etc.]. organlzatUm expenses, fnuuest on
bonds, taxes, expeium* o f m aintenance, etc. Th e B. &
received
for certain properry not Included In the lease $5,500,000 In N. Y.
Cent, 1% per cent lOo year debentures, thus adding 77 per cent per
annum to h per cent, guaranteed on stock, .see len-n In V 69, p. 242
; • 69, p. 1061 , I 102, 1246; V. 70, p. 74; V. 7 ), p 61
w A ) Jn
wan., 1901, the Issue of $2,500 000 o f
per cent 50
ar bonds
ror increasing the term inal faeiHtles at Bosp
was authorised, of
whjch $1,000,000 . have . been I.', - 1I
V. / * , . A l8 V. Z . p. I A , V, / i )
_ _ _ * ’
. y - •' .
.r r: I , boiled. V . 71. pp. JI'^ 1 O ,; V . /72. pp 41; V 7f
.
April i 1902^ 6958,000 50-year
w ere issued to refund the 5s paid
Q.—M. Boston, Of. T e r Station
A . & O.
do
do
A . & O.
do
do
J. & J.
do
do
J. & J.
Boston, at Office.
M. & N.
do
do
V ariou s
do
do
A . & 0.
do
do
F. & A .
do
do
M. & S
do
do
J. & J.
do
do
A. & O
do
do
J. & J.
do
do
Boston, a t Office. >
Q .- J .
M. & S.
C ausew ay St.
s
F. & A .
do
do
F. & A .
do
do
F. & A .
do
do
J. & J.
do
do
J. & J.
do
do
M. & N.
do
do
M. & S.
J. & D.
A. & O.
J. & J.
A . & 0.
Q .- J .
J. & J.
J. & J.
J. & J.
M. & S.
T ex t.
A. & O.
M. < N.
fc
J. & J.
Bost.; Lond., B a rin g Br.
B oston, at office.
Boston Office & Fed.Tr.
do
do
Boston Term ., room 526
do
do
Boston.
Boston, State S t.T r. Co.
Boston, State N a t’l Bk.
Boston, State N a t l Bk.
N. Y ,, M et. Tru st Co.
See tex t.
N .Y .,K n ic k e r.T ru s t Co.
Sept. 30, ’ 0 2 ,2
A pr. 1, 1952
Oct. 1, 1913
Jan. 1, 1951
Ju ly 2, ’02 ,4 %
M ay 1, 1903
1905-6-7-9
A p r. 1, 1932
Feb. 1, 1913
Mch. 1, 1915
J u ly 1, 1916
O ct.,1 9 1 7 & il8
1919 & 1921
Oct. 1, ’02, 1%
S e p t.1 ,’02, 3%
F eb., 1905-07
Feb. 1, 1937
A u g. 1, 1942
Jan. 1. 1944
J u ly 1, 1950
N o v . 1. 1921
1922
Sept. 1, 1906
June 1, 1937
Oct. 1, 1906
8ept. 1,1 906
Oct. 1, 1907
Oct. 1, *02, 2 ^
Ju ly 1, 1918
J u ly 1, ’02 ,1 %
J u ly 15, 1927
Sept. 1, 1906
Feb. 1, 1947
1942
M ay 1, 1931
Jan. 1, 1952
D iv id e n d s — Cash dividends at the ra te o f 8 p er cen t y e a rly w ere
paid fo r m any years p rio r to the lease. U nder the lease 8% per cen t
are paid, 2 p. o. each in M ar. and Sept., 2 ^ p. e. in June and 2H in Dec.
Stock divid end , 10 p. c. in 1883 and 3 ^ p. c. in 1886.
Year.
Gross.
Net.
Charges.
Dividends. B a l.,s u r.
$425,682
$2,187,500
$5,829
1901-2...................... $2,619,011
1900-1... 9,931,396
2,618,480
422,521
2,187,500
8,459
1899-0... 9,956,138
2,439.666
415,980 (81 2.000,000
23,686
- t V . 72, p. 935; V. 73, p. 1312; V. 74, p. 150. 629; Y . 75, p. 732.)
B o s t o n 6c L o w e l l R R . —R o a d — Owns Boston to L o w e ll, 27 m iles
branches—Salem and L o w e ll, 17 m iles; L o w e ll and Law ren ce, 12 miles;
others, 45 m iles; M idd lesex Central, 11 m iles; leases—Connecticut
& Passumpsio, 147 miles; Nashua & L o w e ll, 15 m.; Peterborough, 10
m.; N orth ern N. H ., 83 m. (and subsidiary lines 90 m .); Stony Brook
R R ., 13 m.; W ilto n R R ., 15 m. Leases m ostly assumed by Bost. & Maine.
L e a s e s .—L eased in 1887 fo r 99 years to the Boston & M aine at 7 p er
cen t per annum on stock t ill Jan. 1,1897, and 8 per cen t thereafter.
St o c k a n d B o n d s .—Stock authorized, $6,529,400. Th e debentures
w ere described on p a ge 2, St o p , o f A p r il, 1895.— (V . 71, p. 1218.)
B o s t o n 6c M a i n e R R . —R o a d —Th e system w ith its m any branch
lin es covers the te rr ito r y fro m Boston, Mass., to P o rtla n d , M aine,
(tw o division s), Sprin gfield, Mass., Sherbrooke, Can., R o tterd a m Jet.
and T ro y , N. Y ., W orcester, Mass., to P o rtla n d , M e., and a ll im p o rt
ant places in N ow H am pshire:
L in e s owned.
M iles.
L in e s leased—( C o n cl.)
M iles.
B oston,M ass.,toPortland,M e,
Nashua & L o w e ll.................... j[X5
W D iv ................................. 115 W orcester Nashua & R o c h ... 1194
Boston to P ortlan d , E. D iv .. 108 C on necticut R iv e r R R ........... If80
C on w ay June., Me., to N o rth
Other ........
72
Conway, N. H ......................
73 T ra c k a ge r ig h t s .....................
9
Portsmouth Elec. R y ............
18 T o ta l operated J u ly 1 ,1 9 0 2 ..2 ,2 6 6
Portland, M e., to Rochester,
2d tra ck (3rd & 4th tr. 10;
513
N. H .......................
54
No. Carnb. J et, to N o rth a m p
Controls Me. Cent, (w hich see) .824
ton, M a ss.......................
99
St. Johns bury & La k e Champ. 131
Sundry branches.................... 152
Y o rk H arbor & B e a c h .......... 11
L in es leased.
V erm o n t Val. o f 1871............ 24
Boston & L o w e ll........... ..........H470
S u llivan C o u n ty..................... 26
Concord < M o n tre a l.............. Tf449
fc
F itch b u rg ____ ________
f[458
1[ See this com pany.
The lease o f the F itch b u rg R R . is fo r 99 years fro m J u ly 1,1900.
O r g a n iz a t io n , E t c .—A n agreem ent w ith N. Y. N. B . & H . re ga rd
in g division o f territo ry was m ade in 1893. Y . 56, p. 464.
St o c k .—I n A p ril, 1901, stockholders subscribed to $1,464,300 new
com m on stock to acquire the O rntral M assachu setts R E ., $270,900
additional bein g sold since J u ly 1 fo r th a t purpose.— V 73, p. 721. O f
the $23,638,070 stock outstanding Ju ly, i 902, $1,128,200 w as held b y
trustees as co lla te ra l fo r E astern R R . certs o f indebtedness. V. 69. p.
129, 642, 794; V 68, p. 427. T h e stockh olders vo ted on Oct. 8, 1902,
to issue $1,000,000 a d d ition a l com m on stock and * 2 .000,000 tw e n ty y e a r bonds fo r im p ro vem en ts and equipm ent. V. 75, p. 665,
Div id e n d s . $ ’ 87 >88 '89 ’ 90 '91 '92 '93 '94 to J ly , '99. From O et./99
On common. ) 10% 9 9 98* 9 8 8
6 ye a rly.
c ee b elo w
D ividends Oct., 1*99, to O c t , 1902, 7 x>er cen t y e a rly .—V. 69, p. 642.
On prof., In fu ll to date (paid M.—b.)
B o n d s .—As to debentures see S u p p l e m e n t o f A p ril, 1895. U nder
the lease o f the Fitch bu rg RR. the B. < M. issued its $5,454,000
fc
fifty year 3 per cen t gold bonds to purchase, $ fo r $, the same am ount
o f Fitchburg common stock held by the State o f Massachusetts and by
private persons. - V. 70, p. 175.
In 1901 $1,000,000 bonds were
sold fo r perm anent Im provem en ts upon variou s leased lines.—V. 73,
]). 55a, 783, 1111 N otes p ayable June 30, ..................................... to now
1 1 1 Note:
1
................... - 1902, $600,000, A s
bonds see St o c k above.
B. A: M. guarantees $1,328,000 first 5s o f St. Johnsbury & Lake
Champlain. Also In terest on $274,000 M anchester A La w ren ce 4s.
J o in tly with M. Cent, guarantees $300,000 P o rtla n d Station bonds.
A n n u m . R e p o r t . Annual mooting second Wednesday in October.
Annual report 1001*02 la V. 75, p.72H, showed results as fo llo w s :
Year E n d in g June, 30.
1902.
It 01,
1900.
Miles operated June 3 0 ....- 2.265
2,205
1,787
$11.147,757
Passenger d ep artm en t........ .
$9,009,118
18,210,599
1 1,980,441
F reigh t d e p a r tm e n t........... ,. . 18,73V,080
Malls, express, e tc ................
1,482,919
1,378 402
1,008,043
T o ta l gross ea rn in gs....... -.$31,772,501 $30,730,7 98 $22,140,602
$9,217,973
N et earnings. ..... ........... . $9,339,430
$0,543,584
Net . Inolud. other In co m e..___ . $9,997,4 11
$9,850,835
$7,200,959
In terest.................... ..........
1,208,588
1,306,097
1,088.103
5,199,234
3,220,159
T a x e s .................................
1,629,514
1,547,315
1,200,599
D ividends...... ...................
1,701,359
1,045.000
1,515,304
Sinking fu n d .............. .
151,285
151,285
04,717
Balance, su rp lu s... . . . . . . . .
$45,4 13
$22,367
(ju 72,017
o k p iu e r s . President, Lucius T u ttle, Boston; Treasu rer, H erb ert IS,
Fisher, Boston; C om p troller and G eneral A u ditor, W. J . Hobbs, Boaton; Clerk, W. li. Law ren ce, Boston,
M AP OF THE
Watertown'
W h itb y
9
North G re et o X
F.ultoh Chain
Riverside
Richland,
,0 s w e g o
- ^ N o r .th W j
F a irjH a veiw /
A N D CONNECTIONS
‘
'
/
Clifton*
pw anda
--------- _\
GRAND
A tticarN *&£
Wy/mibg,y
:\ est-Sen opal
Y
^ , >'m 11) 1
-m'cH’ Glencoe
St Thomas
grand
w a r 's a w
Dunkir]
Brocto r \ ^ y
^
N*^Vest Valley I
I
/
Bliss?
Fr.ee<pi
‘ ASHFORD
'Rondeau
W/j/Jt'/J
dayvilli
C orm ea u tT IA rb oi^
how ard
Norw ich
Ithaca
’ainesville
J
\«p
averly
Great Bend
Kingston;
\
OHIO
DROCKWAXVILLE
iferccr
'Raven ua
Kent.
V
Emlentb;
iP
farbondale
Chippewi
D riftw ood
Slj^.------- *
Renovo
r s o n ; m>
TIalls
Leetonia
Bcllefontc
Milton
Lewistown
Wiliiam stown.
Ebensburg
Flem ihgton
berlam
A ltoon a
Huntingdon
Cre8soir
Readin,
Mt. Union.
Ulrich:
Greensburg
il^ iT h A ifib b y
w
Mt. Dallas
K Inkora
Shippensburg / o
'*
Rlchinond
Hunters Run
Downingtown'
loiumbiaT'— .
\ ^
\
<1
o
t-
isbu ry/Park I f!j)))h j)
P iioen ixvillo1
Holdbibaum
i
Ldiig B r a n c ^ l ® ^
Ldnsdale
Gettysburg Jc.
I-IenrietUi,
Connellsville
SoutJrAmboy
Princet
'illiamsburg
Johnstown
Bellaire
Vashmg ton
Allentown\Nu;iMj«^
B e th le h e m ir ^ ''
PottsviR
Tyrone
Indiana
Delaware^
W ater Gan
Mauch
teChunk
Tamaqua
iham ok in
Irvo n a
RofhesterVi \
Zanesville
Ne sco pec
^ ^ ^ u n b u ry
Selinsgrove Jc.j
MasSilion
ew Lisbon
C orn w all]
(Vest Pbint,
W llk esb a rre
Lock Haven
Blairsville
Newburgh!
\
\Nj. Jersey
\ \ Shore-
Jatawissa
Bqwerston
Middletown
GoslieR
RE Y N°
Y e llo w Cr.
kawaxeu
’ittstol
Ilia nee
.bridge
unkhannod
mporium
W .M ilton
6ALT. 1
.
Satterfield
H o ytvilie
LA N ESXX-I
Jeffe
Game;
/iCetue^t DC'
vrsONBURGHl
RIDGWAY
^
\
Fall Brook
Ra>sNJfir4 O /
\
Titusville
Clerm ont
Ellenville
PouglrUeepsij
Towanda
q
C^rmau InterchangeH. • /
s
Carman f l —
y
Empi re
^
Kx.v
to
oo
^\^ort^AIleght\ny
LA HI O N J C . r /
G rafton
3
O
Cairo
"YValton
Eldred
MT.JEvvlPrrJ? x
Hudson
h
Nineveh
I
N^Jiutchiiifsr
<
?
Delhi
Montrose
Fairpl
Newburgh
Coxsackie
-Sidney
ChenangoX
Forksc
Phoenicia aA.
Boyer H
M eadville
5
<j
w
oo
Bloom ville
^ W a r re n
ndover
N.Nbravich.
Painted Post
C orn in g ^
Addison
RAD F O RD
C orry
.Cortland
„ / 7 S ' nee.
WatfdnsCGleir
.Bath
dlsville
W ellsville
RJJI^TON;
JLnmestone
State Line
-jt Bradford
^Cherry Valle< ^ \
5
New Berlin
Coopersuxwn
ammoni
G reat\alleyl
Chiu ta u q iia X X
I Jamestown
Union City
T
Schenectad
Freeville
F ers1
arm
MACHIA.3/
^S um m it )/
rDevereux /Ut
_
w est
^ — ^ R ich field Sprs. st_
°
Sharon Sprs,
.Glen Haven
j l
1
L.Keuka f\ (m \ \q
,
[erkimel
Cazeni
\Cayuga
Ballston A
JLltica
Syracuse
Jw Penn Y a aW
iV
T r LAKE^K^
\ /JC.
Saratoga
Canastota
“
SHOfti
W
ItockyGlenAr ^
^ast ConcordQ
springville S:
/
Hoyts r
/ Riceville?
,ome
A v o r i N ^ f / v N - ^ pOv
i. j c . C a n a m la iin W / N
\en*
Jsta 'S le:-
del ./ lack '.
JV
C lifto n Sprs,
Mt.JMcGr
Teuton Falls
OC H E S T E R
/W alling-ton
—Hi
y . Newark/ t v0ns
>—
— -----A — k A
cen.
Lockport
London
TRUNK
Ram sen
iMulT P o T n tp ^ l
■^Xno Ham ilton,
Brantford
/
Woodstocl
Camden
Central Square
Mmiasquany fjj
r 1
X
X
<
October , 1902.]
21
RAILROAD STOCKS AND RONDS
Bonds—P r in c i
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal, W hen Due.
A m ou n t
of
of
Par
R a te P e r When When P a ya b le , and by Stocks—L a st
For explanation o f column heading, <fec., see notes
Outstanding
Payable
Whom.
Road. Bonds Value.
Cent.
D ividend.
on first page o f tables.
R A IL R O A D S .
Brurtsic. & W est— See A t l a n t ic C o a s t l i n e R R .
6 1882
Buffalo Creek—1st m o rtg a g e ...................................r
6 1891
Cons. M., $1,000,000, gold, in te rest as re n ta l c*
Buffalo N. Y. r£ B rie—S e e E r i e R a i l r o a d .
. - -.
«...
B u ffa lo R o c h e s te r & J P itts b u r g —Com. s t o c k .T r
....
....
P ref. stock, non-com.; com. 6%; then pro r a t a T r
108
1881
R. A P . 1st M ,g ., R och ester to Salam anca. U n .c *
1882
R. & P. consol. M., $20,000 per m .,gold, g . U u c* 276
276 1887
B. R. & P. 1st general M. ($10,000,000) g ... XJ1 c*
1
1897
D eb en t.,$2,000,000, currency, c o L v .,r e d ..G cx
10 1889
Lincoln P a rk & C harlotte 1st M., gold, gu.CJn.c*
V a r’us
R ea l estate m o rtg a g es ...... ..................................
’ 90 ’98
B. R. & P. car trusts, gold, due sem i-annually ...
1899
....
Equipm ’t bonds, $500,000, g., s. f., Ser. A . . G .c*
1900
....
Equ ipm ent bonds, Ser. B . , $1,000,000, g., s. f G
....
1901
Do
Ser. C., $L,009,000, g., s. f . G .
Securities o f A L ied Coal Properties.
....
... a
Jefferson & C learfield C. & I . , p r e f sto ck ............
....
1896
1st M., g., sin kin g fund, dr^w n at 105___ G .c*
1896
....
2d M., gold, s. f., draw n at 105--------- TJftm.o*
....
1886
Roch. < P itis . oal < Iron , 1st M., g., s f ......... c
fe
fe
H e lv e tia purchase m oney, M., g., s. f . C e.c*
1896
Buffalo A Susouehanna—8tocK, $16,037,500 auth
PTef. stock, 4 p. c., non-cum., $4,000,000 au th...
....
102 1893
Lst M., g., s. f., red. at p a r....................... l l e . c ^ r
1st refu n in g m ort., gold (see te x t).M i> . .. c*<fcr 172 1901
B u rlin g to n Cedar Rapids & N orth ern —Stock — T r .
269 1876
l s t m ortgage, la w fu l m o n e y ...................... F . c^&r
Ced. Rap. I. F. A N. W ., con. 1st M .,g., g u a r.C e .c
c
1881
B .C .R.AN . con. ls t M. Ac col. trust, go ld .. F.c*<fer
A ll
1884
12 1877
M inneapolis A St.Louis, l s t M., gold (assum ed). C e
c
B u rlin g to • < M issouri Vatley—See C h ic a g o B d r l i n g t o n & Q
£
1890
295
Oalgury d E dm onton—1st m ert. 6s, red. at 1 1 0 ---b
....
__
__
__ __
$1,000
1,000
$190,000
496,000
<j. ite J • N . Y ., F a rm ers’ L. & Tr. Jan. 1, 1907
6
do
do
Jan. 1, 1941
5 g. J. & J.
4 in 1902 F. & A .
100
See t e x t
6,000,000 6 in 1902 F. & A .
100
1,300,000
1,000
6 g- F. & A.
3,917,000
1,000
6 g. J. & D.
4,427,000
1,000
5 g. M. & S.
4
J. & J.
1,000 N ’ n e J ’ly , ’02
c
350,000
1,000
5 g. J. A J.
Various
304.000
5
J. & D.
405.000
5
1,000
500,000
1,000
4 1 g M. & N.
2
4 ^ g. M. & N.
1,000
1,000,000
c
1,000
669,000
4*2 M. A N.
5
100
1,500,000
1,000
1,6*3,000
5 g.
1,000,000
1,000
5 g.
802,000
1,000
5 g.
1,077.000
1,000
5 g.
3,518,000 See text.
50
50
3,000,000 See tex t.
439,500
500 <feo.
5 g.
3,14^,000
1.000&O
4 g.
7,121,740
6
100
6,500,000
5
100&C.
1,905,000
1,000
5 g.
7,803,000
1.000&O
5 g.
500
150,000
7 g.
UINCY.
£100 £1,121,700 !See text.
Directors—Ladas Tattle, Richard Olney, W alter Hunnewell, Henry R. Reed,
Boston; Jose h H. White, Henry M. Whitney, Brookline, Mass.; L. C. Ledyard
Henrv F. i iai -ck, C. M. Pratt, New York; Samael C. Lawrence, Med 1'ora; A.
W. Snlloway Franklin, N. H.; William Whiting, Holyoke, Mass.; Alexander
Cochrane, Boston.
- ( V . 75, p. 3 4 0 , 341, 665, 7 2 8 , 793.)
B o s t o n Sc P r o v i d e n c e K i t . —Owns Boston, Mass., to P ro v id e n c e ,
R. I., 44 m ile s; branches, 20 m iles. Leased fo r 99 years, A p ril 1,
1888, to Old Colony R R .; ren tal, 10 p. c. y e a r ly on stock.
B o s t o n R e v e r e B e a c h Sc L y n n R R . - O w n s n arrow -gau ge road
from Lyn n to E ast Boston, Mass., 9 m iles, connecting w ith Boston by
company’s terry b o a ts ; Boston W inthrop A Shore D iv., E a st Boston to
c
Winthrop, 5 miles, w ith branches 3 miles. O f the 4 ^ 8 o f 1897 $289,090 reserved fo r Boston W. <fc 8. 5s; balance unissued is fo r im p ro v e
ments. (V. 65, p. 68.) N otes p a ya b le J u ly 1,1 902, $185,000.
D iv id e n d s . > 1888-91. ’ 92. >93. ’ 94. ’ 95. >96. 1897 to Ju ly, 1902.
P er cent. 5 7 y e a rly . 5*2
5
4*2
4
3
2 y e a rly .
E a r n in g s .—Y e a r ends June 30. R e p o rt fo r 1898-9 in Y . 69, p. 953.
Tear.
Gross.
Net.
In t. < taxes. D iv . paid. B a l.,s u r p .
6
1901-02.........$185,139
$75,162
$57,561
$17,000
$601
73,085
56,085
17,000
........
1900-01......... 407,395
—1 65, p. 68, 0 6 8 ; V. 67, p. 1 0 0 0 ; V . 69, p. 9 5 3 .)
V.
B o s t o n T e r m i n a l C o . —Owns Southern U nion D ep o t in Boston
opened in 1899. V. 68, p. 40; V. 69, p. 591. B oston A A lb a n y , N ew
c
England, Boston A P rov., Old C olony and N. Y . N. H. & H a rtfo rd RR.
c
Com. each owns one-fifth of the $500,000 capital stock and p a y as ren ta)
In m onthly instalm ents sums sufficient to p a y a ll expenses, charges,
Interest on bonds and 4 per cen t on stock. These com panies are
jointly liable fo r any deffciency in case o f foreclosure.
R egistered in t
erest payable Q,— F.; coupons F A A .— (V . 69, p. 129, 591.)
c
B r a d f o r d B o r d e l l Sc K l n z u a R y , - ( 3 -ft. gauge.) Owns B ra d
ford to Sm ethport, Pa.. 26*11 miles. Leases Ortnsby Jc. to M t. J ew ett,
Pa. (Big L eve l A K in zu a R R .), 10*48 m iles, andM t. J e w e tt to Kane, P a,
c
(Pitt*, h W est.) 11*49 m iles; also leases fo r short term from N o v. 1,
1901, Pittsbu rg A W estern n arrow -gau ge lin e, F o x b u rg to K an e, 83
c
mdes. V 73, p. 1009. T o ta l operated, 131 m iles. Slock, comm on,
$30**.000 authorized; $249,000 issued; par, $50. Y e a r 1900-1, gro^s,
* 8 0 11; net, $13,668; i n t , taxes, etc., $24,298; balance, def., *10,634.
P r u d e n t , George L R oberts, P ittsbu rg, Pa.; Seeret’y, J. B. M cG eorge,
6 W ill St.. N Y . - ( Y , 73, p. 1009; V. 75, p. 793.)
B r o o k l y n Sc B r i g h t o n B e a c h R R . - V . 6 8 ,p. 1179; Y.69, p. 228.
B r o o k l y n A: R o c k a w a y B e a c h R R * —Owns road from East
Nev. . ork - Brooklyn) to Canaraie L anding, Jam aica Bay, S3 m iles (o f
^
whodi 3 miles doable track), and operates fe r ry to R o ck a w a y Beach.
Operations suspended during w in ter months. P a ym en t o f in te rest on
first mortgage bonds has been deferred to ea rly p a rt o f 1903, a syn di
cate meantime h olding option to purchase p roperty; if option is ex er
clsed a m ajority o f bondholders has agreed to accep t n ew bonds for
prearnt holdings. Y . 7J3, p 783. STOCK is $150,000; par, $50. Loans
and hills payable June 30, 1901, $85,900; real estate m o rtg ag e, $30,930. In • ear ending June 30, 1902, gross, $6,070, def. under o p era t
ing, $8,174, other incom e, $4,492; int. and taxes, $28,050; balance,
deficit. $31,732. (V. 7 3, p* 783; V. 74, p. 1194.)
W r u iiM i l«*k Sc B i r m i n g h a m R t* . —P rojected from Brunsw ick,
Ga., to Birijiim .ham , A la., 417 miles, with branches, m akin g a to ta l o f
Voo r 1 0 miles, o f winch about TOO miles, Brunswick to Nichols, was
, ,
completed .1u l% 1, 1902, in clu din g the OHerman Sc W estern K k , 35
miles, purchased in Mar., 1902. V* 74, p. 774. In A n g,, 1902,1 lie
la to n ,y Nort beast.cm KK ., T lflo n to F itzgera ld , Ga., 25 miles, was
tinder option o f purchase; control was also acquired o f the O chla v
Aorth. psr»j cted from O oiila to W orth. T h e T ifio n A N. K. had
c
ouutam ling $5,0.000 bonds, Y. 75, p. 288. Htock and bonds author,7
-*'h ^acb * 2» >,000 per mile. Pres.. Oh as. L. H yde; Bee.. II. P. Conby ln-n- , O. J. Busline;!!, 71 B’w ay, N. Y .— (V. 75, p. 134,288.)
H r u n x w l c k Sc 11 e n t e r n R R . —Bee A t l a n t i c C o a s t L in e HR.
Ifu n H io f r r e k R R . —Owns 6 miles o f term inal road In Buffalo
V In December, 1889, leased for term o f charter less one day, to the
bcnitui Vtt|jny and The Erie HR., which togeth er own en tire canil a)
b*e)r of *250,000 D ividends in 1898-99 to 1900-01, lucl , 7 p. c. yea rly.
2*n H a lo H o r h c « t < r Sc P i t t * b i i r g R a i l w a y .—(See M ap.) Oner
Pes from Buffalo and Rocheftter, N. Y., to the ‘bituminous coal regions
T
/
i* ■
*
1 Lines owned in fee—
M ile*.
Leased- E n tire hVk own'd
M ilrf
Juffalo Creek, N. Y ,,to H ow ard
Johnson burg A, B radford KK.
c
Jane , P a ...... .......................... g i
H oward June, to Mt. J ew ett. 20
iaiion June.t to Lindsey, Pa . 60
J,crated -Stork not owned.
IPwfiebesff r Uf Ashford, N. Y
. 94 A llegh en y A; Western 1
j
/harlotte, N .Y ., to Lincoln P'k. 1o
PunXHUtawney to Butler, Pa. 60
1 1 hr a no lies to m in es,. . . . . . . 19 Clearfield S M ahoning -M
1 ve
t.
Trttfkngp—
Clearfield to Bee eh Greek K K . 26
Drift—Mt. Jewe11. to 01arlon J.. 21 M ahoning V a lley K K
’itts, A West, - Butler, Pa., to
r
N e w c f t e t l e . . . ............. 41
Ribo|<| je ,, p& to A llegh en y
T o ta l July, 1902 (TFHee nop a
33
rat-o stHtein' t Tor this cum Other.,.
...............
pany;.
.......„ .................. 472
Or g a n iz a t io n , Et c .—Buoecesor in March, 1887, to the Rochester A
tUsbnrg. which was foreclosed in Oct.,, 188&. Plan o f reorganize Mon
1 v * 'VJ‘ P* ', l b - The entire capital stock ($4,000,000) of the Rochester
F. A A.
c
J. < D.
fc
J. & D.
M. & S.
M. & N.
Q .- J .
Q .- M .
A. & O.
J. A J.
c
See t e x t
J. A D.
c
A . A O.
c
A . & O.
J. A D.
c
N . Y ., 36 W a ll Street.
do
do
N . Y ., U nion Tru st Co.
do
do
do
do
N. Y „ 36 W a ll Street.
N . Y ., U n ion T ru st Co.
R och ester, N . Y.
N . Y ., G a lla tin N at. Bk.
N . Y ., Guar. T ru s t Co.
do
do
do
do
A u g. 15,’ 02,2%
A u g.15 ,’02,3%
Feb. 1, 1921
Dec. 1, 1922
Sept. 1, 1937
Jan. 1, 1947
Jan., 1939
V ariou s.
1902-1908
M a y 1, 1919
M a y 1, 1920
M a y 1, 1921
Checks m ailed.
N. Y ., G u aran ty Trust.
do
do
N . Y ., G a lla tin N a t. Bk.
do
do
Buffalo, N . Y .
do
do
N. Y ., H. F isk & Sons.
N. Y ., F isk Ac Robinson.
N. Y ., Corn Exch. Bank.
N. Y ., Central Tru st Co.
do
do
do
do
N .Y ., H a n o v e r N a t. Bk.
A u g 15,’ 0 2 ,2 ^
June 1, 1926
June 1, 1926
N o v. 30,1907
M a y 1, 1946
Oct. 1, '02,1*4
Sep. 5, ’0 2 ,1 %
Oct., 1913
A pr, 1, 1951
Oct. 1, ’02 3%
June 1, 1906
Oct. 1, 1921
A p r. 1, 1934
June 1, 1927
J. A J. Lon.,C h pl.M .G .C o.Lim . J u ly 1, 1910
c
& Pittsbu rg Coal A Iron Co. is ow n ed (Y . 66, p. 1088) and through th at
com pany in M ay, 1896, control was acquired o f Jefferson A C lear
c
field Coal A Iro n Co. (see M iscel. Cos.) w ith $3,000,000 stock* F o r
c
bonds o f these coal com panies see ta b le above. C learfield & M ahoning
securities are guar. A lle g h e n y & W estern, see below . In A u g., 1901,.
allied in terests purchased u pw ards’o f 20,000 acres o f coal lands in In
diana County, P a , a 8-m ile branch b ein g under constru ction to M c
K ees, Pa.; also 38 m iles a d d itio n a l to be b u ilt to reach coal lands n ear
Y in ton d a le, Pa., o f w hich 18 m iles to B lo ck L ic k to be com pleted in
1903 and rem a in in g 20 m iles to be P e n n s y lv a n ia R R . tra ck a g e. Y .
75, p. 183, 347.
St o c k . Com m on stock w is au th orized in N o v ., 1901, to be increased
from $6,000, 00 to $9,000,000; o f the n ew stock $1,000,000 w as
issued J u lv 1, 1902, in ex ch a n ge fo r $1,000,000 co n v ertib le deben
tures, and o f the b U a n ^e stockh olders subscribed to $1,300,000 a t par,
pa\ able 25 p. c. each A u g , O ct , and D ec 15, 1902, and Feb. 16, 1903.
the proceeds to be used to bu ild 46 m iles o f n ew road. See a b o ve.
Y . 75, p. 183, 347; Y . 73, p. 1009; V. 74, p. 1250.’
D iv id e n d s (p. c . ) )
1892.
’ 93.’94-96.
>97. '98.’ 99.1900.’01.’02.
5
01
2
2 6
6
6
P r e fe r r e d .........>
C om m on ......... )
..................
...........................
4
4
B onds .—General 5s for $5,573,000 are reserved for prior bonds, etc.
T h e $2,000,000 debentures o f 1897 fin the trea su ry in Ju ly
1902 are co n v ertib le in to com m on stock at p a r and subject t o
ca ll a t 102^; th ey are to be secured b y any subsequent m o rt
ga ge unless m ade fo r refu n din g ex istin g p rio r liens or fo r e x
tensions exclu sively. See V. 64, p. 706; V. 73, p. 1 Od, 1111. R. < P .
fe
incom e 6s, $5,000. A sinking fund o f 5 per cen t w ill re tire equ ipm en t
bond- annually on M ay 1, if purchasable at o r b elow par, oth erw ise to
be applied to the purchase o f a d dition al equipm ent. V. e8, p. 1131; V .
71, p. 501; V. 73, p. 348.
E a r n t n g s .—2 mos., ) 1902.............Gross, $1,254,150; net, $573,85$
J u ly 1 to A u g. 31. S1 9 0 1 ,.......... Gross, 1,154,188; net, 539,323
A n n u a l R e p o r t .—Fiscal yea r ends June 30. T h e annual m eetin g is
held at N ew Y o rk on the th ird M onday in N ovem ber, Th e re p o rt f e r
1901 02 w as g iv en at len gth in V. 75, p. 340, 346; see also ed ito ria l,
p. 317 In 1901-02 carried 4,655,783 tons o f bitum inous coal (out o f
6,934,359 total tons o f fre ig h t m oved ), again st 4*590,527 in 1900-01.
kear end. J u n e 30—
1902.
1901.
1900.
1899.
M iles June 30 ..........
472
472
472
338
dross earnings.............$6,292,584 $5,803,693 $4,992,147 $3,788,456'
N et earn in gs................ $2,519,018 $2,394,661 $1,863,267 $1,172,843
Other in com e..--..........
20,662
26,926
19,988
13,512
T o ta l re ceip ts...... $2,539,680 $2,421,587
In terest on bonds___ $731,472
$710,158
Int. on floating d e b t..
259
33
R e n ta ls ......................
476,251
473,726
Special appro-ns, etc,
640,994
552.365
D ividend on p r e f..... (6) 360,000
(6) 360,000
D ividen d on co m ... (4) 240.000 ( 2) 120,000
$1,883,255 $1,186,3f 5
$683,321
$ 668,110
421
330
303,114
127,964
330,425
(4) 240,000 ( 2) 120,000
B a la n ce.................... .sur.$90,704 sr.$205,305 sr.$3 5,974 sr.$269,951
O f f ic e r s .- Presiden t, A . G. Y ates, R ochester; Y ice-Presiden t, A d ria n
Iselin Jr., N e w Y o rk ; Treasu rer, J. F. D in k ey, R och ester; S ecretary,
J. H. H o ca rt, N ew York.
Director*.— Kennedy Tod, A. G. Yates, A. Iselin, Jr., W. H . Peckham, H. 1.
J.
Burney, Walter G. (> »kman, (J. OH). Iselm, J. H. Hocart, A. Richard, W. Ernien
Kooseveh, Et nest Iselin, Oscar Grisch, John L. Klkor.
N. Y. Office, 36 W all St. - (V. 74, p. 1250; V. 75, p, 28, 183, 3 4 0 ,3 4 1 ,
3 4 6 ,4 4 1 ,8 4 8 .)
R u lla J o Sc Nil «c|u e h a m1 a
1
i l f a p . j —Owns from K e a t
ing Sum m it to Ausonia, Pa., 62 m iles; G ale ton to New Y ork State
line, 27 miles; Haines to N. Y. State line, 31 m les; W harton to sinnenm lionlng 19 miles; Gross Fork Branch, 13 m iles; leases S ta te line
to W e lh v ille . 10 miles, and State Hue to Addison, 10 miles. T o ta l
operated. 172 miles. A consol H atton in A p ril, 1901, or sev era l lines,
i he stocks and bonds o f leased lines are owned.
V. 73, i>, 6 1i). Th e
( om piuiy lu e acquired control o f la rg e coal p roperties at T y le r, C lear
field
Pa*, to which poin t an extern I011 from rtlnm m ahoning, 62 in.,
Is to be ouilt. An extension is also to be construe*<*d irom \ • lim 1 le
\
1
to Buffalo, about SO miles, under charter Of tne Buffalo Ac 8usquchanna
J ia ilm tv, capital stock, $10,000,000, h alf 4 p. c. on cum. pref. V. 74,
X 10b7; V. 75, p. 76, 665.
>
HToo it. Common stock was Increased on A p ril 1. 1901, from $1,
518,000 to $3,.r» 18.000. In 1902 $4.000,000 4 per cent non onm uluUvo
preferred stock was authorized, o f which $3,000*000 was sold to pay
for bituminous coal properties, construction o f new linos in P en n sy l
vania (see above) and gen eral purposes. V. 74, p. Iu37.
Div id e n d s — ? 1805. 1896. 1897. 1898 1899. n 00. 1901. 1902.
On com m on*.% J 4
5
5
5
5
f>
8:h B elow .
In 1001, on comm on, Jan., 5 p. 04 J u ly, 2 ]a p. c.; O c t , HBH, to O cI d
1002, both inclu sive, 1 ».j p. e. quar. (Q
l lrnt q u a rtofjy div, on
p ier., 1 p. n,, paid Hopt., 1002,
B o n d s . Th e sinking fund retires each y e a r n s m any f» per or uts as
Indicated by d iv id in g tot al on 1st ending by nuntbrn o f years the bonds
have yet u> rim, purchasable tn Ihoonm i m arket, or subject to call at.
par In order o f numbers, beginning with highest, V, 05, p, 234 ThO 6ft
are being refunded into 4s of 1951, V.72, p. 074, 871, 1034, 1279.
MAP OP THE
4©
(3
BUFFALO & SUSQUEHANNA
RAILROAD
M H A.
IC IG N
INVESTORS* SUPPLEMENT,
[V o l .
lxxv
OCTOEER, 1902.J
RAILROAD STOCKS AND BONDS,
93
Bonds—P rin ci
IN T E R E S T OR D IV ID E N D S .
R A IL R O A D S .
Miles D ate Size, or
pal,When Due.
Amount
R ate per When Where Payable, and by Stocks—La st
of
of
Par
For explanation o f column headings, &c., see notes
Outstanding
Cent.
Payable
Road. Bonds Value.
Whom.
on first page o f tables.
D ividend.
40 1896 $1,000
$600,000
C a lifo rn ia East'n—1st M., gold, $15,000 per m ile.
5 g- J. & J. M orton Trust Co., N. Y.
30 1898
750,000
fc
1,000
Cal. Northw.—1st M-, g. ($2,000,000, gu. p.&i.) s.f.
5 g- A . & O. San Fran. < N e w Y ork .
C aliforn ia Pa cific—S e e So u t h e r n P a c if ic RR.
103 1891
1,279,000
1,000
Cam bria < Clearfield— 1st M. ($2,000,000) g .C P .o *
£
5 g- J. & J. Phila., Broad St. Stat’n.
Camden cf A tlan tic—Se e W e st J e r s e y & S e a Sho RE.
30
....
6
J. & J. Phila., Broad St. Stat’n.
381,925
Camden < B u rlin g to n County—Stock, 6 p. ct. guar.
£
25
30 1897
4 g. F. & A.
350,000
do
do
1,000
1st mort., $350,000, gold, gu.p.& i.by P.RR.CiJP.c*
138 1889
3,450,000
1,000
Canada A tl —1st M., g., O tta w a to Lacolle, & c .F c *
5 g. J. & J. N. Y.,Bk.M ont., & Mont.
5
261
1 000,000
O ttaw a A rn p rior & P a rry Sound, 1st m ortgage.
38
33' ’,000
5
Central Counties, 1st m ortgage, in terest rental..
W orthless.
i ’.ooo
Canada Mich. <t Chic.—1st mort. See V. 63, p. 838
459
...
15,000,000 2 h i n ’ 02 F. & A. N. Y ., Gr. Cent. Station.
a
100
Canada Southern—Stock.........................................
J. & J. N. Y ., Union Trust Co.
14,000,000
5
1,000
1st M. $14,000,000 (Can.m oney). SeeV.63.p.l88. 404 1878
M. & S. N. Y ., Union Trust Co.
5
6,000,000
2d M. fo r $6,000,000. Canad’n money. Do.do.c<fcr 404 1883 l,000&o
16 1895
130,000
1,000
Learn. &St. C la ix lstM ., gold, gu., p.&i.(end) — c*
4 g. A . & O. M ontreal. Bk. o f Mont.
450 1899
£718,300
Canad’n N o.—Win. &8ask. D iv. 1st M .,g.(S eetext)
4 g. F. & A . London and Toronto.
....
1900
£100
£700,000
Ontario D iv., m ortgage debentures (see tex t) ..
4*2 J & D^yo London and Toronto.
F. & A. N a t.T r. Co., Tor. or Lon.
....
4
....
$ or £
2,000,000
1st land gran t M ., red. 11 0 (Y . 75, p. 183, 549)..
... .
....
See text. 5 in 1902 A. & 0. N. Y .,5 9 Wall St. & Lon.
100
C a n a d ia n P a c if ic —Stock (See t e x t )......................
31,171,000
4
A. & 0. London, Co.’ s office.
... .
£1 &c
Pref. stock lim ited to 4p. c.,non-cum ulative— r . . . .
269 1880 £100& c
973,333
6
Various
Montreal.
Canada Central R R. 2d m ortgage (now 1 s t)......
370 '82-’83
7,000,000
do
Quebec P rov. due on Q. M. 0. & 0. and N. S R R .
4*20 A. & O.
Can. Pacific, 1st m ortgage debenture sterling---- 3,221 1885 £100 &c 34,998,633
5 g- J. & J. London, Baring B. & Co.
3,650,000
do
do
1st mort. on Algorna Branch, g o ld ..............c*<fer 183 1888 £100 &c
5 g- J. & J.
do
do
Land grant bonds, int, gu. b y Can. G ov’t. ..c'<fcr . . . . 1888 £100 &c 15,000.000
3 ^ g . J. & J.
4
J. & J. London, Comp’ys office.
1889 £1 &0. 63,532,416
Consolidated perpetual debenture stock...........
Se c u r it ie s of P r in c ip a l L e a s e d , e t c ., L i NES.
1,000
2,544,000
Manitoba 8. W. Col. R ’y $12,000 p. m., Int. guar.g 218 1884
5 g. J. & D. N. Y ., 59 W all & London
A tlan tic & N orthwest— 1st mort. gold, guar. ,c*&r 350 1887 £100 &c £1,330,000
5 g. J. & J. London, B aring B. & Co.
$616,120
A. & O.
do
do
5
205 1883
£100
North 8hore R y.—1st M. C. P. owns $610,767...
£200,000
58 1876 £50 &c
8t. Law ren ce & O ttaw a—1st mort., gold, see text
(6) 4 15J.&D. Can. Pac. office, London.
2,000,000
6
J. & D. M ontreal and London.
Ontario & Quebec stock guaranteed in perpetuity
—
—
100
The 4 per cents cover entire property, subject as to a portion there
o f to lien or the 5s. They also cover 3,000 acres of bituminous coal
lands at T yler, Pa. Of the bonds not exceed in g $3,760,000, includ
ing bonds set aside fo r refunding purposes, can be issued on the 172
miles o f road and the coal properties mentioned. Further amounts
m ay be issued fo r the construction or acquisition o f additional road
at not o ver $25,000 per m ile, fo r n ew term inals, control o f coal prop
erties and fo r new equipment.—V. 73, p. 619, T o ta l authorized issue,
$15,000,000, but additional amounts at $15,000 per m ile m ay be is
sued fo r double-tracking m ileage already covered b y the m ortga-e.—
V. 73, p. 619, 899. A sinking fund o f 3 cents per ton o f coa' mined is
p ro v ded for, to be invested in the bonds i f purchasable at not exceed
in g 110 p. c., otherwise ia savings bank; securities.
E a r n in g s .—2 months, ) 1902............Gross, $142,045; net, $53,262
July 1 to Aug. 31.
>1901............Gross, 126,522; net, 44,016
R e p o r t .—R ep ort fo r year ending June 30, 1901, w as grten at
length in V. 73, p. 608, 619, In 1901-2 Gross, $835,748; net (over
taxes), $357,269; other income, $37,672. in terest and rentals, $149,126;
dividends* n common (5 per cent), $175,900; bal., $69,316. in 1900-01,
gross, $721,966; net, $301,565. - ( V . 75, p. 76, 288, 3 9 1 .3 9 3 , 665.)
“ B u r l i n g t o n . ” —8ee C h ic a g o B u r l in g t o n & Q o in c y RR.
B u r l i n g t o n C e d a r B a p i d a Sc N o r t h e r n B y . —Operates:
Lines owned in fee—
Leased—A ll stock owned—
Burlington, la., to Erin, M inn.
73
Io w a C ity & W estern R R ......
(less 11 jo in tly leased)........... 296 Cedar Rapids, I. F. & N. W.,
Branches owned to Postville,
Holland, la .,to W atertow n,
So. Dak., &c........................ 511
Riverside, H olland, etc..........310
Leased —
Ced. Rap. & Clinton R R .. A c. 109
M anly Jc. to N orth wood,......... 14 Trackage (o ver C. M. & St.P.) 45
Total operated Jan. 1,1902.......................
.................... 1.355
Began operating its own through line to St. Paul and M inneapolis
in July, 1902. V. 74, p. 1249.
H is t o r y .—Tbe Chicago Rock Island & Pacific Ry., which owned o ver
$5,000,000 o f the $ 7 ,121,740 stock, leased the road fo r 999 years from
June 1,1902, on a basis o f fixed charges and 6 per cent on the stock.
In Sept,, 1902, ail the m in ority stockholders, except $191,300 had ex
changed their stock, dollar fo r dollar, fo r stock o f the Chic. R. I & Pac.
Ry, V. 74, p 1194, 1354; V. 75, p. 28. A large part o f the m in ority
holders accepted $22u cash per share fo r their holdings (V. 75, p. 288.)
D iv id e n d s — 5’93. ’ 94. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99. ’ 00. ’01. ’02
P e r cent. ( 3
3 3
4 4 4
8
8 6
6
Dividends under lease to be 6 per cent yearly.
B onds .— Cedar Rapids I. F. < N . W. bonds are guaranteed (p. & L),
&
and so endorsed. V. 68, p. 185, 721.
Of the B. 0. R. < N. 5s o f 1884 (Central Trust Co., Trustee), bonds are
£
reserved to retire, i f deemed best, all prior and divisional bonds. F or
extensions bonds m ay be issued at $15,000 per m ile fo r single and $7,500 per mile for second track, the total author, issue not being lim ited.
M inneapohs < si. L on is bonds due June, 1927, numbered from 1,101
t.
to 1,400, fo r $500 each ($150,000 in all), have heen assumed.
E a u NTNos .—4 mos.,
> 1902.......... Gross, $1,677,012; net, $641,058
Jan. 1 to A p ril 30.
$1901..........Gross, 1,548,645; net, 491,039
A n n u a l R e p o r t .—F iscal year ends Dec. 31. Annual m eeting Is held
on last Tuesday In May. Report for 1901 was In V. 74, p. 1249.
Tear ending Dec. 31— 1801.
1900.
1898.
1899.
Miles oper Deo. 31
1,299
1,287
1,136
1,171
Gross earnings..........$5,360,607 $4,848,277 $4,926,933 $4,545,643
Net earnings.......... 1,852,598
1,250,842
1,430,821
1,432,761
Other receipts........
102,714
260,981
60,123
123,101
Total netlncorne.. $1,955,307 $1,511,828 $1,555,862 $1,4 0,944
Intereston debt......... $792,200
$791,150
$799,400
$795,275
Dividends.................. (6)427,239 (8)440,000
(8) 440,000 (4) 220,000
Miscellaneous.........
16,045
19,977
66.893
Surplus....... ........
$717,823
$260,696
$320,587
$404,661
- ( V . 74, p. 1194, 1 2 4 9 , 1250, 1354; V. 75, p. 28, 288.)
B u tte
n n e o n d a * P a c i f i c B y . — Butte to Anaconda, 26 miles ;
spurs, 22 m ile s; Anaconda to Stuart, Mont., form erly part o f Mont.
Onion U.v., 8 miles; total, 56 miles. Bonds authorized at $40,000 per
mile. Capital stock, *1,000,000 (par $100). On June 30, 1901, Die
fires,i Northern owned $490,000 stock arid $1,000,000 bonds; Arm
conda Copper Mining Oo. owned $510,000 stock
For year ending .June 30, 1901 .gross, $807,024; net, $278,301; Inter
est,, rentals, etc., $83,579; balance, surplus, for year, $194,725. D iv i
dends at 6 per cent per annum In 1900-0).
t ;» 1 T o r iiia K n s t e r n f l y . —
1
-Owns 45 m., from GofFs Station to
I van pah, Cal. In June. 1902, the Ateh. Topeka Sc Santa Fe acquired
nearly all the stock and bonds
V. 75, p 600, A reorganization In
1896 of the Nevada Southern Ry. stock, $588,800. M ortgage trus
tee la International Trust Co., Denver, Col.
year ending Juno 80
i 960, gross, $29,911 ; net, $12,141. Pres., R, W. W oodbury, Denver!
Col.—(V. 79, p. 28.)
'
C a l i f o r n i a .U lilln in l H I * . —V. 73, p. 899.
C a lif o r n ia 6c N e v a d a K H . - V . 73, p. 1312; V. 74, p. 378, B70,
C a l i f o r n i a N o r t h w e s t e r n B y . —Operates under lease the Han
BTmcisco * North Pacific Ry., extending from Port Tlburon, Cal.
(w lonce ferry to 8» d Francisco, 6 toIIor), to Uklah, Cal., 106 miles, arid
July 1, 1921
Apr. 1, 1928
Jan. 1, 1941
July, 1902, 3%
Feb. 1, 1927
Jan. 5, 1909
Aug. 1, ’02, 1
Jan. 1, 1908
Mch. 1, 1913
Oot. 1, 1945
Feb. 1, 1929
June 30,1930
Feb. 1, 1929
Oct. 1, ’02, 2ha
Oct. 1, ’ 02, 2%
N ov. 1, 1910
M ar.1,1904-06
July 1, 1915
July 1, 1937
July 1, 1938
Irredeem able.
June 1, 1934
Jan. 1, 1937
Apr. 20, 1904
See text.
June, 1902,3%
branches, 59 miles. A lso, in Sept., 1900, began to build an extension
60 miles Into tbe redw ood forests o f Mendocino and Hum boldt count
ies Cal.,of which Uklah to north o f W illits, 30 m., are in operation.
Stock. $3,000,000; issued, $1,566,000; par, $100. Bonds are Issuable
at $25,000 per m ile, being guaranteed b y San Francisco & N orth Paoific,
leased fo r n et profits fo r 20 years from Sept. 20,1898. Pres., A . W.
Foster; V.-Pres., Geo. A. N e w h a ll; Sec, and Comp., Thos. M ellersh.
- ( V . 67,p. 370, 688, 788; V. 73, p. 444 )
C a l i f o r n i a P a c i f i c B y . —See So u t h e r n P a c if ic RR.
C a m b r i a Sc C l e a r f i e l d K B . —Cresson Jot. to H o o ve r’s M ill Branch
Jet., 50 miles; branches, 53 m. Stock (par $50) paid in $1,300,550 a ll
owned by the Pen n sylvan ia R R . Co., which operates the property under
an arrangement term inable at option o f either party. N et earnings are
paid as rental. A fu ll abstract o f the m ortgage was in V. 52, p. 976. O f
the bonds, $634,000, w ere on Jan. 1, 1902, owned b y Penn. R R .
In year 1901, gross, $488,768; net, $114,177; interest and taxes.
$111,390. In 1900 gross $457,403; net, $144,351.
C a m d e n Sc B u r l i n g t o n C o u n t y K B . —Owns from Cam den,N. J.,
to Pem berton. N. J., 23 miles; branch, Burlington, N. J., to Mount H o lly,
7 miles; total, 30 miles. Operated by the Pennsylvania R R ., which
guarantees 6 per cent on stock. Stock, $381,925; par $25. Dividends
m January and July. In 1901, gross, $287,960: net, $43,066; p rofit to
lessee under rental, $5,651. In 1900, gross, $277,488.— (V. 64, p. 373.)
C a n a d a A t l a n t i c B y . —( See M ap Great Northern R a ilroa d o f
Canada.)—Owns D epot H arbor, Ont., on Georgian Bav. v ia O ttaw a, to
V erm ont State line, 400 m iles; trackage to Swantou, V t., etc., 10 m.;
leases fo r 99 years from the Central Coun’ ies Ry. branch from Glen
Robertson to H awkesbury, 21 miles, and branch, South Indian to
Rockland, 17 miles, and from Pem broke & Southern Ry. branch from
Pem broke to Golden Lake, 21 miles, at 25 per cent o f gross earnings;
total, 468,miles. The company runs through trams to M ontreal, using
tbe Grand Trunk Ry. from Coteau, Montreal. 37 miles, under a traffic
contract. In Aug., 1899, absorbed O ttaw a A rn p rior & Pa rry Sound.
The Canada A tla n tic T ran sit Co., organized about Oct., 1899, w ith
$i ,000,000 stock, w ill operate a fleet o f steamers from P a rrv Sound to
Duluth. Milwaukee and Chi.-ago.—V. 69, p. 954. The G reat N orthern
Ry. o f Canada, together w ith the Canada A tlan tic, form s a short
through route fo r ocean-bound freigh t from P a rry Sound to the deep
w ater docks a t Quebec.—V. 70, p. 279.
St o c k , $6,200,000 common and $1,000,000 preferred, a ll issued, to
gether w ith $6,158,300 common.
E a r n in g s .—8 m os„ ) 1901-2................Gross, $1,187,097; net, $340,922
Ju ly 1 to Feb. 28. $1900-1................Gross, 1,172,246; net, 206,593
R ep ort fo r year ending June 30, 1901, in V. 73, p 954. In 1901-2*
gross, $1,816,946; net above taxes and rentals, $569,021; net earn
ings of steamships, etc., $31,401; net revenue fo r interest, etc., $600.4/2. In 1900-01, gross, $1,786,338; net fo r Interest, $314,905.—(V74, p. 935,986,1191.)
’
y
C a n a d a M i c h i g a n Sc C h i c a g o . —Bonds worthless. V. 63, p. 838
C a n a d a S o u t h e r n B y .—( See M ap New Y ork Central < Hudson R.
6
R a ilro a d .)—R o a d —Main lin e from Susnension B rid ge station, in clu d
ing the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Oourtright, Ont., etc., 231 miles; total, 457 miles, o f which 100 miles are
nom inally owned b y proprietary companies. Trackage, St. Thomas to
London, Ont., 15 miles. Double track. 135 miles.
O r g a n iz a t io n , Co n tr a c t s , E t c .—The Company was chartered In
Canada February 28,1868, and debt readjusted m 1878. In N ov., 1882
a close contract was made with tbe Michigan Central fo r 21 years from
Jan. 1,1883, providing for paym ent to Canada South’n or one-third jo in t
income o ver fixed charges. U nder re-apportionment o f December,
1892, It was agreed to g iv e the Canada Southern 40 per ownt and the
Mich. Cent. 60 per oent o f the first $1,000,000 o f net earnings, any
amount o ver that to be divided on the basis o f one-third and two-thirds
ah before. Butunder th eorigln a) contract each company is still accorded
all benefit from the reduction in Its fixed charges ; consequently as the
Michigan Central to Jan. 1, 1898, had reduced Its charges about $327 000. that amount is credited to it before division is made V. 64, p. !>.
D iv id e n d s .— 1888 ’89 ’90 ’ 91 ’ 92 ’93 ’ 94 ’95 ’96 ’97-01
1902
Since 1887 ...... 2Q% 2 la 3>a 2Q 3 3 3 2>a 2 ’« 2 yearly.
2 8)
L a te s t E a r n in g s —F o r 6 mos. ending June 30.1902, Canada South
ern share of earnings, $150,000; other income, $15 7u0; dlv. (1 p e.)
$150,000; bal., sur., $15,700.
A n n u a l R e p o r t . Report for 1001 was In V . 74. p. 1 136; OanadnBo.
share of earnings, $375,238; other Income, $1,8 (2; dlvl tends (2 '» P-O.),
$875,000; Iml., surplus for year. $2,071.
In 1900 Camilla Ho. Hbiiro’
$300,852. Total sur, Jan, 1,1902, $11,310, (V 74, )>. i I 'l i i , 135 1.)’
Cu n n < 1n n N o i- M ic r o l ( y . — Port A rlbur. Ontario, on Lake Superior
1
westerly and northwesterly via W innipeg. Manliobn, to Krwooil, near
the G reat Saskatchewan River, H12 inllon, of which W innipeg to Beaver
75 tnlle u Is a portion of tin- Northern Piiel/h; leased linen referred to
below; Port, Arthlirsoulh to G unlilnl, 8(1 mill "; brnnelies leased f'roin
Noi l hern Pacific (W innipeg to Pivmlilna, (1 1 in.; Morris to Brandon, I 1h
1
in.: Belmont to 1 art uey, 5 I m.; Portage la Prall’le to Della, 10 til,) 281
1
miles; other briitiehoH not loaned, 42 in ' total Feb., 1802, 1,221 miles.
Tim Manitoba lines o f the Northern 1’ aoillo Ky,, 354 miles, included
above, are nub-let from the Pro VI mils I ( invent ttion t for 999 years from
May 30, 1901, at $210,000 annually fo r first U> years, thou $225,000
for 1.0 t earn, then $275,000 for 10 years, and thereafter 300,000 with
the option of purchase at any time for $7,000,000. A line from Sprague
24
INVESTORS’ SUPPLEMENT.
LVOL. » X X V .
jyi>rw*s—Prin ci
R A IL R O A D S .
IN T E R E S T OR D IV ID E N D S .
Miles D ate Size, or
pal,When Due.
Am ount
Par
of
of
F or explanation o f column headings, &c., see notes
Rate per When Where Payable, and by Stocks- Last
Road. Bonds Value. Outstanding Cent.
on first page o f tables.
Payable
Whom.
Dividend.
C a n a d ia n P a c if ic — (Concluded)—
Ont. &Que. deben., interest guar, in perpetu ity..
Toronto Grey & Bruce, 1st M .,gold, int. as rental.
N ew Brunswick R y.lstM .,gold ,in t.from ren tal.o*
Perpetual consol, debent, stook, int. gu ar.........
O ttaw a Northern & W estern -S ee te x t................
Minn. St. P. & S. Ste. M a rie—See statement o f
Duluth So. Shore & A tla n tic—See statement of
Cane Bell— 1st mort., $750,000, red. aft. 5 yrs., g.
Cape Breton R y — 1st M., $2,400,000 g .S ...........o*
C a rolin a Central— Bonds—See Se a b o a r d A ir L i
C a rolin a N orthern—1st m ort., $ 5 0 0 ,0 0 0 .G u P ___
Carolina & Northwest.—1st m ortgage, $450,000___
General m ort., gold, $14,000 per m ile T a . . ,o*&r
Carson & Colorado—1st M., gold, sink. fd .M p .c*& r
Carthage di A d ir.—1stM. $1,600,000 g. gu.,Uu.c*<fcr
Carthage Water.< Sack.Har.—Is tM . g.,gu.D.&i.end.
6
Oatasauqua < Foqelsville— 1st m ortgage, g .P e P .o *
£
Oatawissa—Pref. stocks, 5% gu. P. & R. Ry. See text.
1st consol, mort., $2,215,000, g o l d . P e P ......... e*
Oatskill M ountain—F irst m ortgage........................
1at. innmrift hnnda...................................................
Cayuga < Susg.—Stock, 9 p. c. rental D. L. & W ___
&
Cedar Rapids Iowa Falls & Northwestern—See B u r
Central Branch—Goat. Br. U. P. 1st M., g . I J n . . .c*
C entral Branch, 1st mort., guar., gold.......... M e
Cent. Fla. < G u lf 0.—1st M ., $2,00 0,000,g. .textScAr
6
C e n t.o f G e o rg ia R y . —1st M.,$7,0OO,O0O,g.G.c*Ar
Consol, m ortgage, $18,500,000, gold M e — c*Ar
Mob. D iv. 1st M.(Columbus to Andalusia) g.G .c*
Macon & N o.D iv. 1st M., $840,000, go ld .M Bu.c*
Mid. Ga. & A t. D iv. 1st M.,$9,000 p. m.,cur Go*
Eatont. Br. 1st M. not guar, b y Cen. Ga., g......
....
£1
J. & D. London, Morton, Rose.
£4,007,381
5
1883
£100
£719,000
4 g. J. & J. Toronto and London.
1884
£100
£630,000
5 g. F. & A.
London.
.... . . . .
£1
£858,300
4
J. & J.
do
1902
See text.
that c o m p a ny.
that c o m p a ny.
69 1901
1,000
750,000
5 g. J. & D. Lincoln Tr.Co , 8t Louis
.... 1901 1,000
500,000
5 g- J, & J. Ju ly,’02, n otpd wh.due
ne R y .
41 1899 500 &c.
$425,000
5 g. A. & O. Phila., Gu.T. & S . D.Co.
110 1897
500
M. & N. Exch. Bk., Chester, 8.0.
See text.
5
___ _
1,000
110 1900
See text.
5 g- M. & N.
300 1892
1,000
2,000,000
4 g- J. & J.
1,000
46 1892
1,100,000
4 g- J. & D. N .Y . Grand Cent.Stat’ n
29 1891
1,000
300,000
do
do
5 g. J. & J.
.... 1898 1,000
135,000
Philadelphia, Pa.
4 g. J. & J.
....
50
98
M. & N. Philadelphia Co.’s office
See text.
5
103 1898
1,000
do
do
2,215,000
4 g- A . & O.
5
16 1885
50,000
F. & A. O’ sk ill,N .Y ., Tan.NL Bk.
6
1885
238^000
D ivid’d pd. Sept. 10,’ 97.
30
34
589^110
J. & J. N ew York, 52 W all St.
9
LINGT on C e DAR RA PIDS & NORT HWESTE RN.
100 1898
1,000
2,500,000
4 g- J. & D. N. Y ., Mero. Trust Co.
1,000
3,459,000
Do
do
288 1899
4 g- F. & A .
.... 1902 1,000 N’ne Oct. ,’02
5 g. A. & O. N. Y ., Standard Tr. Co.
1,000
312 1895
7,000,000
F. & A. N .Y . GuarantyTrustCo.
5 g1,390 1895
1,000
do
16,700,000
5 g. M. & N.
1,000
do
138 1895
1,000,000
5 g. J. & J.
102 1895
1,000
do
840,000
5 g. J. & J.
1,000
do
Text. 1897
413,000
5 cur J. & J.
500
21 1896
168,000
5 g. J. & D.
671
191
174
to Duluth, to insure a w in ter ra il route fo r w heat is to be constructed,
Extensions also projected w esterly to Edmonton, Northw est Territory,
into British Columbia, to the Pacific Coast and easterly to Quebec,
O ttaw a and Montreal.—V. 74, p. 477. The M anitoba G overnm ent has
the option to purchase the entire property in 1929 and guarantees
certain o f the bonds. See below and V . 72, p. 437; V. 73, p. 615.
O r g an iza tio n .—A consolidation in 1898 o f the W innipeg Great
Northern R y , the M anitoba Ry. & Canal Co. and other properties.
W illiam M ackenzie o f Toronto, Senator G eorge A. Cox and the Cana
dian Bank o f Commerce are floating the enterprise. V . 74, p. 1250.
L and G r a n t .—On main lin e in M anitoba 6,400 acres and in Sas
katchewan 12,800 acres per mile. See V . 75, p. 183, 549.
Sto c k .—June 30,1901, authorized $24,750,000; subscribed and paid
up, $7,000,000.
B onds —Bonds on W innipeg and Saskatchewan divisions, guaran
teed principal and interest b y the G overnm ent o f Manitoba, h ave been
issued at $8,000 per m ile, which m ay be increased to $10,000 later. V.
71 p 235
Th e Ontario Division 4Rs (see description V . 72, p. 338, 437,) w ere
in 1902 offered the p riv ile g e o f exchange fo r an equal amount o f 4s,
guaranteed, principal and interest, b y the G overnm ent o f Manitoba.
V. 74, p- 882.
President, W illiam Mackenzie; Sec. and Treas., J. M. Smith, Toron to,
Canada,— (V. 75, p. 76, 183, 239, 341, 393, 549.)
C a n a d ia n P a c i f i c R y . —R oad — Own a trans-continental ra ilw a y
from M ontreal to the P acific Ocean, made up as follow s J u ly 1, 1902.
Montreal to Vancouver........ 2,905 Under construction July 1,
1902..................................... 324
Branches and auxiliaries___ 1,865
Leased lines...........................2,724 Operated acct. o f ow ners___ 735
A lso controlled but op. sep.—
Used jo in tly ..........................
92
IfMinn. St. P. & Sault Ste. M.1,412
TIDuluth South 8. & A tla n tic 565
1 See each co’s statement.
1
Total in traffic returns...... 7,586
H is t o r y , E t c .—incorporated Feb. 18,1881, under charter from D o
minion o f Canada, receivin g $25,000,000 in cash as a subsidy, also
25,000,000 acres o f land, a ll to be fit fo r settlement. The Ontario
& Quebec. M ontreal to Toronto Junction, 334 miles, was leased in 1883
fo r 999 years, and its stook and bonds guaranteed. In A u g., 1901,
control was purchased o f the Kin gston & Pem broke R y., Kingston.
Ont., to Ren frew , w ith branches, 113 miles. (V. 73, p. 444.) In 1902
leased fo r 999 years tbe O ttaw a Northern & W estern R y.. extending
from O ttaw a via the In terp rovin cial B ridge to H u ll and Gracefield,
Que., and from H u ll v ia A y lm e r to W altham. Que., a tota l o f 151 miles,
and under construction from Gracefield to Maniwaki. V. 73, p. 1161;
V. 74, p. 937, 988; V . 75, p. 732. Extension from Lardo, B. C .,to
Gerrard. 33 miles, opened Sept., 1902. In Aug., 1902, the company
contem plated establishing a w eek ly steamship service across the A t
lantic. V. 75, p. 239, 732.
Sto c k .—The company bought of the Dominion G overnm ent an annu
ity o f 3 p. c. per annum on the common stock fo r the ten years 18841893, the last paym ent having been made in August, 1893. The issue
of preferred stock must never exceed one h alf the common stook. In
1902 the authorized common stock was increased from $65,000,000 to
$85,000,000, $19,500,000 o f the new stock being sold to the stock
holders at par, payable in five equal instalments, viz.: On subscrip
tion, June 27, Aug. 27, Oct. 27 and Dec. 27, 1902. V. 74, p. 267, 378,
829; V. 75, p. 553, 665.
D ividen d s — )
’90-’93. ’ 94. ’95. ’96. ’97. ’98. ’ 99. ’00. 1901. 1902.
Common p. c. > 5 y ’rly 5
0 2*2 2*a 4 ^ 4 5*2 5
5
PreferredTp.c.) Issued in 1894.
4 p. ct. yea rly (2 A . & O.)
B onds , D ebenture Sto c k , G u aran teed B onds , E tc .—In May,
1888, the company relinquished its exclusive righ t to operate in Mani
toba lines to the International Boundary, receiving the Dominion G ov
ernment guarantee o f interest on $15,000,000 o f land bonds. These
bonds are a lien on 14,680,100 aores o f land.
L ist o f securities held against consol, debenture stock in V. 75, p. 554.
In June, 1890, company agreed to guarantee the principal ana in ter
est of $20,000,000 4 per cents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on consol, bonds o f the Minneapolis
St. Pau l & Sault Ste. Marie and in 1899 in terest on the 2nd m ortgage
4s of the latter, and in 1901 interest on $1,25J,000 M ineral Range 4
per cent bonds, the last-named being all owned June 30, 1902. See
V. 50, p. 874; V. 51, p. 239; V. 52, p. 608; V. 68, p. 669, 770; V. 73, p.
556. Owns Dul, S. 8. & A t. consols. $15,107,000.
To the A tla n tic < Northwest Railroad, crossing the State o f Maine,
6
the Dominion Governm ent grants a subsidy o f $186,000 per year till
1906 and Canadian Pacific guarantees the balance o f interest money.
St. Lawrence <- Ottawa bonds are endorsed w ith the Canadian Paoiflo’ s
£
acceptance o f a 999 years’ lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders’ agreem ent to accept interest
at 4 per cent (instead o f 6 per oent as fo rm e rly ), and to refrain from
demanding principal (due 1910) during continuance o f lease.
The New Brunsw ick Railw ay consolidated debenture stock has
interest guaranteed by C. P.; interest on the first m ortgage bonds,
though not guar, is i>aid out o f rental under 990 year lease o f 1890.
The O ttaw a Northern & W estern Ry. loan issued in 1902 under
the lease is fo r $20.000 per m ile o f road and *1,000,000 fo r the Interprovin cial Bridge at H u ll across the O ttaw a R iver. V. 75, p. 793.
L a n d s .—Lands unsold June 30, 1902, w ere 13,726,288 acres o f Can
adian Pacific grant and 653,613 acres o f Manitoba South Western
Irredeemable.
July 26, 2882
Aug. 1, 1934
Irredeemable.
June 1, 1921
Ju ly 2, 2001
A pr. 1, 1929
1927
M ay 1, 1950
July 1, 1941
Deo. 1, 1981
July 1, 1931
July 1, 1928
M ay 19,’02,2is
Apr. 1, 1948
Aug. 1, 1905
Aug. l', 191.5
July, ’ 02, 4 ^ %
June
Feb.
A p r.
N ov.
Nov.
Jan.
Jan.
Jan.
June
1,
1,
1,
1,
1,
1,
1,
1,
1,
1948
1919
1932
1945
1945
1946
1946
1947
1926
grant, 300,200 G reat N orth W est Central grant, 3,755,733 B ritish Co lumbia Southern and 167,189 acres o f Columbia and K ooten ay grant
total, 18,603,093 acres. In addition there w ill be acquired through
the Columbia & W estern Ry. about 2.500,000 aores. Total sales in
1901-02,1,362,852 acres, fo r $4,442,136.
A s to land grant bonds o f 1888, see V. 75, p. 793.
G e n e ra l F inances .—In 1902 stockholders subscribed to $19,500,000
n ew common stock at par, payable in instalments during 19C2, the
proceeds to be used fo r equipment and im provem ents, together w ith
$3,000,000 appropriated from the surplus earnings fund. V. 74, p. 378.
In 1901-02 £650,000 o f consolidated debenture stock was sold and
proceeds applied to construction o f branch lines, and acquisition of
$1,254,000 M ineral Range R R . bonds on which interest is guaranteed
the Columbia & W estern Ry. and British Columbia Southern,
R y. V. 75, p.553. Extensions proposed in 1902; see V. 75, p.553.
E arnings .—2 mos.,
11902.........Gross, $6,800,804; net, $2,538,612
Ju ly 1 to A u g. 31.’ ) 1901........ Gross, 5,970,006; net, 2,401,499
A n n u a l R epo rt .—Fiscal year now ends June 30. A nnu al m eeting is
held at M ontreal on the first W ednesday in October. The report for
1901-2 in fu ll was in V. 75, p. 546, 553. See also editorial p. 526.
-Years ending June 30,- Calendar y ea r
(1901.
1902.
1899.
7,563
7,000
Miles operated end o f y e a r___
7,538
$8,081,370
$7,098,097
Passenger earnings................. $9,359,522
18,983,186
F r e ig h t................................... 24,199,428
18,738,885
3,788,648
3,393,056
Mail, express and m iscell......
3,944,104
T otal earnings................... $37,503,054 $30,855,204 $29,230,038
60-75
58-16
P er ct. o f oper. exp. to ea m ’ gs.
62-44
N et earnings............................$14,085,913 $12,109,376 $12,230,166
933,425
1,150,198
Interest re ceived ....................
958,827
$15,044,741 $13,042,801 $13,380,364
$7,305,835
$6,816,676
Fixed charges......................... $7,334,824
150,000
155,000
F or steamships.......................
150,000
(5)3,250,000 (5)3,250,000
Dividends on common stock.(5)3,250,000
(4)1,222,506
(4) 954,840
Dividends on pref. stock...... (4)1,246,840
Balance, surplus................$3,063,077
$1,114,460
$2,203,848
—(V. 75, p. 76, 239, 3 4 0 , 441, 5 4 6 , 5 5 3 , 665, 732, 793.)
C a n e B e l t R R . - 8 e a l y t o B ay City, Tex., 69 miles, com pleted July,
1901. Extension from B a y C ity to Matagorda, 238j miles, w ill be
com pleted Nov. 1,1902. Lincoln Trust Co. o f 8t. Louis is the m ortgage
trustee. Y e a r ending June 30, 1902, gross, $178,791; net, $55,768.
President, Jonathan Lane, Houston, Tex.; Sec., I. P. Fell, Office, Eagle
Lake, T ex .— (V. 73, p. 444, 956.)
C a p e B r e t o n B y . —In M ay, 1902, about 30 miles had been graded
and n early 20 m i es com pu ted o f a lin e from Louisburg, on east coast
o f Cape Breton Island, N. ,S., southeast 86 miles to Hawkesbury.
Subsidy about $8,000 per mile. Controlled b y the Dominion Securities
Co. (see V. 73, p. 393; V. 74, p. 986), which owns 95 per cent of
the stock and all thebonds. In Oct., 1902, a reorganization commit
tee, James G. Cannon. Chairman (Trust Co. o f tbe Republic, deposi
ta ry), requested deposits. V. 75, p.732. Stock, $1,000,000, a ll out
standing; par of shares, $100; m ortgage fo r $2,400,000 authorized in
July, 1901. President, Dr.W . Seward Webb. Office, No. 51 East 44th
8t., N. Y . C ity.—(V. 74, p. 775, 986, 1088; V. 75, p 28, 732.)
C a r o l i n a C e n t r a l R R , - S e e Seaboard A ir Lin e Ry. CoC a r o l i n a N o r t h e r n R R . - O w n s from Lumberton, N. C., to Ma
rion, S. C., 41 miles, com pleted N ov., 1901. Stook, $500,000, all out
standing; par o f shares, $10. Pres, and Gen. Mgr., Augustus Mellier,
318 Bourse Bldg., Philadelphia, P a.—(V. 73, p. 662.)
C a r o l i n a Ac N o r t h w e s t e r n B y . —Owns narrow-gauge road
Chester, S. C., to Len oir, N. C., 110 miles. Reorganization Feb. 28,
1897, o f Chester & Lenoir, foreclosed. In March, 1900, nearly all the
stock and a m ajority of the bonds had been acquired by a syndicate.
The stockholders voted on A p ril 24,1900, to increase the oapital
stock to $1,000,000 common and $1,000,000 preferred; to issue a
new general m ortgage at $14,000 per m ile (including $2,000 for equip
m ent in 1903 and 1904) to standard-gauge the road and extend the
same to a connection in East Tennessee. Of the $1,320,000 issuable
on 110 miles now operated, $140,000 w ere to retire old bonds, mostly
retired, $ fo r $. V. 70, p. 840, 893. In July, 1902, standard-gauging
waa in progress. Y e a r 1900-1901 (110 miles), gross, $144,412; net,
$45,186; charges, $49,079; bal., def., $3,894. President, Wm. A. Bar
ber, 35 Nassau St., N. Y .—(V. 70, p. 893, 1095.)
C a r s o n Ac C o l o r a d o B y . —(3-foot gauge.)—From Mound House,
Nevada, to Keeler, Cal., 294 miles; branch, 6 miles. In 1900
substantially all the stock and all the bonds w ere acquired by the
Southern Pacific and the road w ill be broad-gauged and extended
northerly to a connection w ith the Central Pacific and southerly to
M ojave on the Southern Pacific, about 100 miles. Y. 70, p. 381, 685;
V. 72, p. 287. For year 1900 01 gross, $182,590.
C a r t h a g e ( t A d i r o n d a c k B y . —(.See M ap N . F. C entral.)—Owns
from Carthage to Newton Falls, New York, 46 miles. The entire stock,
500,000, is owned by the N ew Y ork Central R R ., which in April,
893, leased the property in perpetuity and guaranteed its $1,600,000
bonds, of which $500,000 w ere fo r extensions, etc. (V. 57, p. 218.)
C a r t i l a g e W a t e r t o w n Ac S a c k e t u s H a r b o r B B . —(Nee Map
N. Y. Central.)—Owns from Carthage to Sackett’ s Harbor, N. Y., 29 miles.
Controlled by N. Y. Central, which owns $483,800 of the stook and
f
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ENTRAL OF GEORGIA!
RAILWAY COMPANY I
INVESTORS’ SUPPLEMENT,
R A IL R O A D S .
Miles D ate Size, or
Par
of
of
F o r explan ation o f column headings, &o., see notes
Road. Bonds Value.
on first page o f tables.
■ e n tr a l o f G e o r g ia R y . — {Concluded) —
C
Ccon. D iv. 1st M., Brut, to D over, $6,000 p.m.S.o*
Cliatt. D iv. puich. m oney M. $2,400,000, g S.c*
Chatt. Rome<fc So. 1st M. $500,000, g o ld .tJ -.c '
1st pref., in c o m e s } In terest up to 5 p. c .t M p .- 2d do
do
>
gold, if earned, ' « ’e ..
3d do
do
;
non-cum ulative.
M a ..
Cent. R R .& Bk. coll.tr. h’ ds, g., red. at llO .C e .o "
E qu ipm ent trust notes June 30, 1902................
C a r trusts, p a ya b le $29,000 sem i-annu ally____ c
Guaranteed, etc., securities.
Ocean 88. Co. 1st m ortgage, gold, g u a r .C e ........ c
A u gu sta & Savannah stock (no bonded d e b t)......
Southw estern R a ilro a d stock (no bonded d eb t).
Chattahoochee & G ulf, sto ck .................................
Is t M ., g., $2,000,000, int. rental, s .f.,re d .l0 2 ^
C entral Massachusetts - See Boston < M a in e R R .
fc
Central New Eng land— Common stock ...................
P re fe rre d stock, 4 p er c e n t....................................
1st M., $1,250,000, ca ll at 105 a fte r 1904.F P . c *
Gen’l m ort., 5 p. o. incomes, $8,500,000. FJP---- r
Dutchess Co. R R ., 1st M., g., gu. (s e e t e x t ).M e .c *
C e n tra l Ohio—See B a l t im o r e & O h io .
C e n tr a l P a c i f i c —Common stock, $67,275,500
P r e fe r re d stock, 4 p. c., cum., $20,000,000.........
1st ref. M., $100,000,000, g., gu.,p.<fci.en.Ce.eA
&r
N e w 3*28, $25,000,000, g., gu., p.<fc i. end.Us.c*<fcr
N otes fo r U. S. debt,due $2,940,635 h a lf-y e a rly .
O l d Se c u r it ie s n o t E x c h a n g e d . See fo o t
Cal. & O. 1st M., ser. A , g. (e x t.). > o.10 o40 000 S
Series B, gold (e x te n d e d )........ \
M ort. g., 5s, 1939, Id. gr., gu., s. f., $10,245,000.c
a Balance, $39,808,000 retain ed as c o lla te ra l
77
. 155
138
....
....
....
....
....
1901 $1,000
1,000
1901
1,000
1897
1,000
1895
1,000
1895
1895
1,000
1887
1,000
1900-1
1902
1,000
$462,000
5 g.
4 g.
1,840,000
343,000
5 g4,000,000 3 In 1902
7,000,000 Up to 5g
4,000,000 Up to 5g.
4,880,000
5 g.
178.768
386,001)
4*2
1900
1,000,000
1,022,900
5,191,100
273,400
294,000
....
....
1899
1899
1890
100
100
1,000
1,000
1,000
3,450,000
3,150,000
650,000
7,250,000
350,000
1890
....
....
....
....
58
58
12
....
....
1,349
1,349
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
pal,^When Due.
A m ou nt
R a te per W hen W here Payable, and b3 Stocks—Last
Outstanding
Cent.
Payable
Whom.
D ividend.
1,000
100
100
100
1,000
....
53
333
....
68
[V ol. LXXV.
J. &
J. &
J. &
Oct.
Oct.
Oct.
M. &
N. Y ., G u aranty Tr. Co Deo. 1, 1945
do
do
June 1, 1951
N. Y ., U nion Trust Co. J u ly 1, 1947
N. Y ., Gu. T. Co. or Sav. N o v. 1, 1945
do
when earned N o v. 1, 1945
N. Y ., w hen ca rted .
N ov. 1, 1945
N. Y ., G u aranty Tr. Co. M ay 1, 1937
T o M ar., 1S08
Various.
To Sept., 1910
5 g. J. &
5
J. &
5
J. &
J. <
fc
5
5 g. J. &
) To he h
X is pai
5 g.
5 g.
(6) g.
D.
D.
J.
1
1
1
N.
J. N .Y ., G uaranty Tr. Co. Ju ly 1, 1920
J.
Savannah, Ga.
July, ’ 02, 2*2%
J. Savannah and Macon. J u ly ,’02, 2is%
J.
Savannah, Ga.
J u ly,2, ’02,21^
J. Sav., Ga., Citizens’ Bk Ju ly 1, 1930
eld in tr
d on gen
F. & A.
Oct. 1.
J. & D.
ust fo r ten years, or nn til 4 per
eral m o rtgage fo r tw o years.
Fid. I.T .& S.D.Co., Pliil. Feb. 1,
Y e a r ly , i f earned.
Feb. 1,
Fid. I.T .& S.D.Co., Phil. June 1,
cent
1919
1949
1940
......
....
67,275,500 H eld b y South’ n P a cific Com pany.
100
....
12,000,000 H eld b y South’n Pacific Com pany.
1899 500 &o. a 58,041,000
4 g- F. & A. N .Y ., S P a e .C o .,2 3 B r’ d A u g. 1, 1949
1899 500 &o. 19,027,500
do
do
3 % g. J. & D
A u g. 1, 1929
1899
3
38,224,725
Feb.’03-Fb.’09
note.
1,000
296 1868
5 g.
1,000 | 537,000 |
296 1872
5 g.
1889
1,000
1,360
156,000
5 g.
fo r 3 per ce n t notes held b y U. S. G over
guarantees the bonds. Leased to R. W. & O. fo r 3 7 ^ p. e. o f gross
earnings. R en ta l in 1901-02, $44,448; 1900-01, $39,825; in 1899-00,
$43,958. Capital stock $465,845 com m on and $21,500 preferred.
J. & J. N .Y ., S.Pao.Co., 23 B r’d. Jan. 1, 1918
J. & J. N. Y . ,S.Pao. Co. ALondon Jan. 1, 1918
A. < 0. N. Y . & San Francisco. A pr. 1, 1939
fc
nment.
A p p lica tio n fo r lis tin g firsts and consols, in V . 63, p. 1160.
Th e consolidated m ortgage (see abstract in V. 61, p. 873, also see
Y. 63, p. 1160) is a fir s t lie n upon 580 m iles [in clu ding fo rm er
Mont. < E u fau la R R ., 8av. & W estern and Sav. & A tl.]; also on
fe
C a t a s a u q u a & F o g e l s v i l l e R R , - R o a d from Catasauqua, Pa., to the leases o f the South W estern and A u gu sta & Savannah roads and
R itten kou se Gap, Pa., 29*5 miles. Opened in 1857; in 1890 the P k ila
the stock o f N e w E n glan d & Savannah Steam ship Co., and a second
delp k ia & R ea d in g acquired control through ow nership o f a m a jo rity o f lien upon the m ain line, its equipm ent, etc., and also on the Macon
the ca p ita l stock o f $426,900 (par, $25.) O f the stock $254,125 is ow ned
< N o rth ern and M obile & G irard. I t also covers all leaseholds, securi
fc
b y R ea d in g Co., $251,625 bein g deposited as p a rt security fo r Read, ties, etc. I t m ay he increased $2,000,000, fro m $16,500,000 to $18,500,gen. m ort. o f lb97. F o r yea r en din g June 30, 1901, gross, $86,050;
000, at n ot m ore than $500,000 in any one year, fo r betterm ents and
net, $49,462; oth er incom e, $1,281; to ta l deductions, $9,313; d iv i fo r equipment.
dends, $29,883; balance, surplus, $ 1 J,547.
M acon < N o rth e rn D iv is io n bonds are also d irect obligation s o f the
&
C a t a w t s s a R R . —Owns fro m Tam anend, Pa., to N e w b e rry Jc., Pa., C entral R y., w ith lirst lien from M acon Jet. to A then s, Ga., 102 miles.
Middle G eorgia d A tla n tic D iv is io n bonds are issued at $9,000 per
b
98 miles, and branches, 5 miles. R e-leased Deo. 1,1896, fo r 999 years
to Ph ila d elp h ia & R eadin g R ailw ay. Rental, in terest on the bonds, 5 m ile, o f w hich $8,000 w as fo r purchase o f road and $1,000 retain ed
by Cent, o f Ga. fo r betterm ents; subject to the E aton ton Branch
p. c. dividends on the p referred stock, a ll taxes, and $8,000 fo r
bonds, $168,000 on 21 m iles, the firsts o f 1897 co ver the 65 m iles o f
organ ization expenses. See also V. 63, p. 969,1116. O f the p referred
M. Ga. & A t. D ivisio n .— (V . 65, p. 823; V. 64, p. 180; Y . 65, p. 324.)
stocks in 1901 $2,200,000 w as first p referred and $1,000,000 second
Th e p reference incom e bonds, subject to the p rior m ortgages, co v e r
p referred and com m on was $1,159,500; oar $50. O f the n ew 1st consoL
m ort. 4s o f 1898, $229,000, w ere issued to re tire the 6s due A u g. 2, the m am lin e and the fo rm er Savannah & W estern, Columbus & Rom e,
M on tgom ery & E u faula, M obile & Girard, M aeon < N o rth ern and
fc
1 9 0 2 .- (V . 70, p. 429; V . 71, p. 134; V. 72, p. 1187.)
8avannak < A tla n tic RRs., and th eir equipm ent, etc.; also all
fc
C a t s k i l l M o u n t a i n R a i l w a v . —Owns n arrow -gau ge road from
leaseholds, securities and equities o f properties acquired by the n ew
Catskill, up the C atskill M ountain, to P a le n v ille , N. Y ., 16 m ile s ; leases
com pany. Th ey are non-cum ulative and hear in terest n ot exceed in g 5
Cairo R R ., Cairo Junction to Cairo, N. Y ., 4 m iles; total, 20 m iles.
per cent in any one fiscal year, but payable o n ly out o f n et earnings
Stock, $89,000. Th ere are also second incom es fo r $15,600 6 p. c.
as declared and secured b y the deed o f trust.
F irst incom es have one v o te fo r each $100. E a r n in g s .—Y e a r ending
The equ pm ent tiu sts o f 1902 are a d d itio n a lly secured b y $375,000
June 30, lb 0 2 , gross, $48,409; net, $13,634; interest, etc., $11,848.
consolidated m o rtg a g e bonds.
C a y u g a A S u s q u e h a n n a R R . —Owns fro m Susquehanna R iv e r
D iv id e n d s —
> 1896. 1897. 1898. 1899. 1900. 1901. 1902.
t> Ith aca, N. Y ., 34 miles. Leased during len gth o f charter and re n e w On 1st p ref. incom es. > l 3
^
2*4
2
2
3H
5
3
als th ereo f to the D ela w a re L ackaw an n a < W estern at a ren ta l o f
fe
C olla tera l tru st m o rtg a g e abstract w as in Y . 45, p. 242.
$54,600 a year. C orp orate existen ce fo r 50 years fro m Jan. 1,1900.
Th e Chattanooga D iv is io n m ortgage is a first lien on the fo rm er Chat
C e n t r a l K r a n c h R y . - O w n s L en ora to A tchison , K an ., 293 tanooga Rom e & Southern R R ., C arrollton , Ga., to Chattanooga,
m ile s; Jam estow n to Burr Oak, Kan., 33 in.; branches, 62 m.; total.
Tenn., 138 miles, and D urham to Ckicfeamauga, Ga , 17 miles, w ith
388 m iles. A con solidation in Ju ly, 1899, o f the Central Branch
branches, in all 155 m iles, subject to $343,000 old 5s, fo r w hich a like
U nion P a cific R y., A tch. C olorado & Pac. and A tch . J ew ell Co. & W est
am ount o f bonds is reserved; $217,000 being also re serv ed fo r addi
Stock, $7,585,000.
T h e $3,459,000 1st 4s o f 1899 are gu aran tion a l equipm ent and im p rovem en ts.—V. 72, p. 1134.
teed, prin. and mt., b y the Mo. Pac. (see Y . 68, p. 329). Form o f guar
L a t e s t E a r n s ., 2 mos. > 1902.........Gross, $1,360,021; net, $353,995
a n ty V . 70, p. 279. F o r 4 mos. en din g A p r il 30, 1901, gross, $395,405,
J u ly 1 to A u g. 31.
S1901.........Gross, 1,163,055; net, 298,210
net, $85,751; other incom e, $2,486; charges, $80,067; balance, sur
A n n u a l R e p o r t .—R ep o rt fo r 1901-02 in Y . 75, p. 439.
plus, $8,170. F o r calendar y e a r 1901 (388 m iles), gross, $1,315,1900.
1901.
996; net, $348,112; other receipts, $7,569; in terest, $238,360; ta xes,
Years end. J u n e 30—
1902.
$6,086,263
in clu d in g $41,046 p rior to 1901, $86,695; m iscellaneous, $433; bai.,
$6,920,715
Gross ea rn in gs.......................... $7,7c0,691
sur., $30,193.— (V. 70, p. 75, 279, 1148; Y . 73, p. 31.)
3,997,748
4,778,148
T o ta l o p era tin g exp en ses........ 5,531,039
208,657
213,411
269,471
C e n t r a l F l o r i d a Sc GuJ.f C o a s t R y . —U ndercon stru ction in Oct., T a x e s ..........................................
1902, lro m P la n t C ity, Fla., sou th w esterly to B raiden tow n and Sara
$1,879,858
$1,929,156
N e t earn in gs from o p e ra tio n ..$1,950,181
sota, Fla., about 70 m iles, o f w hich 14 m iles to be com pleted in F rom steamships, e tc ..............
231,463
187,359
201,674
N o vem b er, 19< 2; projected to Boca Grande, on G asparilla Islan d,
$2,111,321
$2,116,515
T o t a l.................................... $2,151,855
65 m iles; to ta l to be 135 m iles. S lock au thorized $15 000 per
DEDUCTIONS FROM INCOME FOR YEAR 1901-2.
m ile; par o f shares, $100. Bonds are issuable ac the same rate. Pres
iden t, Thos. H . Me. D onn ell, Q uincy, Mass.; Sec. a n d T rea s., O scar O.
In terest on funded d e b t$ l,663,900 I T o ta l deduct’s from inc.$2,028,915
O w en, 19 D oane St., Boston; Gen. M gr , J. H D a w e.— (V. 75, p. 23 )
Rentals, etc...................
365,015 |N e t in com e...................
122,940.
C e n t r a l o f G e o r g i a R a i l w a y . —(See M d p ).—System includes:
O f f ic e r s .—J. F. Hanson, Chairm an Board o f D irectors, Macon, Ga.
President, John M. E gan , Savannah, Ga.— (V . 74, p. 477; V. 75, p. 289
L in e s owned m fee.
Miles.
L in es leased—
M iles
341, 393, 4 3 9 , 848 )
Savannah to A tla n ta ............. 295 Southw estern R R .—
G ordon to Pori e r d a le ...........
86
Macon to E u fa u la ...........
144
C e n t r a l M a s s a c h u s e t t s R R . —See Boston & M aine R R .
Columbus to B irm ’gh a m ,A la . 156
F ort V a lle y to P e r r y ..........
12
C e n t r a l N e w E n g l a n d R y . —Owns from Cam pbell H all, cross
Columbus to A m ericu s.........
62
F o rt V a lle y to Colum bus...
71
in g the H udson R iv e r at Poughkeepsie b y its ow n bridge, to SilM on tgom ery to E u fau la, A la .
80
S m ith ville to C olu m bia___
85 vernails, 58 m ile s ; and leases and controls H a rtfo rd & Conn. Western
Columbus to G reen ville, G a.
50
Cutkbert to F o rt G a in e s ...
21
RR., H a rtfo rd to R liin ecliff, 109 m iles; exten sion from T a riffville,
O pelik a to R oa n ok e...............
36 Au gu sta & Savannah R R .—
Conn., to Springfield, Mass., 18 miles, operated from A u g., 1902; total.
E u fau la to O za rk ...................
60
M illen to A u gu sta ...............
53
185 m iles; also Dutchess Co. R R ., from Poughkeepsie to H o p ew ell
G riffin ,G a.,toC h at.,Ten n , etc 198 Cbattali. & G u lf R R .—
J u n o .,12 m iles; trackage, 1 mile. The East G ranby & Suflield RR.
Ckickam auga to D u rh am ___
17
Colum bia to S ellers ville ___
68
w a 8 incorporated in August, 1901, w ith $100,000 stock to build four
Savannah to T y b e e ................
18
m iles o f road around disputed r ig h t o f w ay. See V. 70, p. 739; V. 72,
Columbus to A n d a lu sia ........ 138
p. 1279; V. 73, p. 337.
M acon Junction to A th en s... 102
O r g a n iz a t io n .—In co rp o ra ted in January, 1899, per plan in V. 66
Bruton to D o v e r ........ ............
77
p. 574, and V. 67, p. 789. as successor or Phil. Read. & N e w Eng. RR.
B a m e s v ille to Thom aston—
16 1
T o ta lo p e r. J u ly 1,1902...1,845
sold in foreclosu re Oct. 6. 1898.— V 68, p. 84. In January. 1899, per
------- I Ocean Steam ship Com pany,
sons frie n d ly to Boston < A lb a n y acquired a la rg e interest. V. 68, p.
fc
T o ta l ow n ed (and o p er’ d ). .1,391 | estim ated e q u iva len t o f ___ 300
41, 84. Owns $1,390,000 H a rtfo rd & Conn. W estern stock.
In addition owns in fee M eldrim to L yon s, 58 m iles, n ow le a s e d jto
St o c k .—The stock is to be held in tru st fo r ten years, or until 4 p. o.
Seaboard A ir L in e R a ilw a y.
Interest is paid on gen eral m ort. fo r tw o years.
O r g a n i z a t i o n —O rganized Oct. 17,1895, and N o v . 1 succeeded to the
B o n d s .—O f the first 5s, $650,000 w ere issuable at once fo r assess
p rop erties o f the Central R ailroad & B an kin g Co. o f G eorgia, sold in
ments, lin e to Springfield, etc,, and $600,00 * w ill be reserved fo r im
foreclosu re and reorgan ized per plan in V. 60, p. 1008 and V. 61, p. 68.
provem ents. In te re s t on Dutchess Co. R R .#firsts reduced to 4*2 p. o.
Mid. Ga. & A t. w as purchased Jan. 1, 1897. V. 65, p. 324; V. 62, p. 456;
V. 64, p. 82, 180; V. 70, p. 279. On J u ly 1, 1900, the Bruton
Pin eora
E a r n in g s .—9 months ending Mar. 31:
R y., Bruton to R egister, 58 miles, w as m erged. V. 67, p. 687. The
9 mos.—
Gross
Net.
Charges.
B a l.t sur.
C hattahoochee & G u lf, com pleted in N o v., 1900, from Colum bia, A la .,
1901-2........................$449,309
$123,575
$ 1 D ,0 5 1
$7,524
to S e llers ville, 18 m iles, and to b e exten d ed 24 m iles, is leased. V. 70, 1900-1........................ 534,035
136,269
112,2*3
24,046
p. 1194; v. 75, p. 843. The C hattanooga Rom e & Southern R R . was
F o r years ending June 30 earn in gs w ere as fo llow s:
m e rge d June 1, 1901 V. 72, p. 674, 721, 987, 1134.
Year end. J u n e 30—
Gross.
Net.
Charges.
Balance.
St o c k .—$5,000,000 held by in terests allied w ith Southern Ry.
1900-01..........................$711,759
$176,656 $155,718
$20,938
B o n d s .—1 he fir s t m ortgage o f 1895 (described in V. 63, p. 1160) is
T
1899 00.......................... \ 04,093
146,117
150,921
def.4,803
a, fir s t lie n on the m a in lin e from A tla n ta to Savannah, inclu ding the
O f f ic e r s .—John W. Brock, o f Pkila., P resid en t; J. K. O. Sherwood,
M ille d g e v ille branch (312 m iles in a ll), all equipm ent and appu rten o f N. Y ., Treas, and C. A . H eller, o f P liila ., s e c ’y .— (V . 75, p. 288.)
ances and the equity in $1,995,000 o f the capital stock o f Ocean
C e n t r a l O h i o R R . —See B. < O. R R . Co.; also V. 70, p. 75.
fc
Steam ship Co. o f Savannah. Trustee, G u aranty Tru st Co. o f N e w Y o rk .
N o d iv . was paid on Ocean Steam ship stock in 1901-2. V. 75, p. 439.
C e n t r a l O n t a r i o R y . —V. 74, p. ) 354. V. 75, p. 665.
October ,
1902. |
RAILROAD STOCKS AND BONDS.
27
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d i s c o v e r e d In t b e s e T a b le s .
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
Miles D ate Size, or
pal, When Due.
Am ount
of
of
P a r Outstanding R ate per When Where Payable, and by Stocks—La st
F er explanation o f column headings, &o., see notes
Payable
whom.
Cent.
Road. Bonds Value.
D ividend.
on first page o f tables.
--------------------------------------------------------------------R R . o f N . J\—Stock ($30,000,000 author)..
Bonds, secured b y consolidated m ortgage of 1874
Convert, debentures, convert. Into stock till 1907
Cent.RK.of N.J., Gen.M.for$50,000,000,g.Ce,c<fcr AIL.
....
Equipm’ t mort., $170,000 due ye a rly June 1 ......
Rea] estate bond and m o rtg a g es..........................
Guaranteed Bonds—
Leh.& W ilkesh.Coal con.M., gu.,p.<fei.,ext. in 19C0 . . . .
....
A m .D o ck * Imp.Co. 1st M., gu., redeem, at 110.. .c '
38
N. Y . & L. Br. gen. M., g. ($192,000 5s) ........Ce
Leh. & Hud. R iv., gen. M.t g., guar, jo in tly.C e.o *
J. City bonds, guar, (part yea rly Deo. 1) see te x t
Cent.RR. o f Pennsylvania—1st M., $1,200,000. F P
42
Central o f South Carolina—1st m ortgage, g o ld ...e
....
Central Vermont—Stock, $3,000,000......................
1st M., $12,000,00u gold, traffic guar. A B c & r. A IL
M ontreal & Provin ce Lin e Ry., 1st M., gu. p, & i..c 40'6
Chari. Clend.dkSut.—1st M .g.,$30,000p. m .'\V .I^e’, . . . .
'
Chariest n d Savannah—See A t l . C oast L. RR.
t
Charl.dk West. Car.—1st M.,g. ($8,000 p,m.).Ce..c*<fcr 340
Incom e M., g., non-cum., ($7,000 per m ile) G ..c *
... .
Augusta Ry. Term inal 1st M.,g., gm ,p,& i. end.Ce.
Charlotte Colum bia <. Augusta— See So u t h e r n R y .
£
....
Char tiers—8 to c k .....................................................
23
1st mortgage, $625,000, go ld .............................c*
Ghateaugay R R .—Stock.................. ...............„ ........
39
Ghateaugay R/g—1st M., gu. p.& i. (see V .73 ,p.1263)
10
Ohatlahooihee T a lle y - 1st M., $110,000....... A B .
C e n ts
....
$100 $27,415,800 See text. Q .- F .
M. & N.
1872
7
1,000
1,167,000
M. & N.
1883
50,000
6
1,000
1887 500 &o. 43,924,000
5 g.
IT
J. & D.
4
1,190,000
1899
1,000
Various
....
......
179,100
5
N .Y.O ff.,143 LibertySt.
N. Y ., L ib erty Nat. Bk.
N. Y ., L ib erty Nat. Bk.
N. Y ., L ib erty N at. Bk.
do
do
do
do
Aug. 1 /02 ,2%
N ov. 1, 1902
M ay 1, 1908
Ju ly 1, 1985
Y ’rly to 1909
Various dates
Q .- M .
J. & J.
M. & 8.
J. & J.
J. & D.
M. & N
J. & J.
00 held
Q .- F .
A. & O.
A. & O.
do
do
do
do
do
do
N. Y ., Nat. E xch. Bank.
P h il.,F id.I.T r.& S.D.Co.
N. Y „ Cuyler, M. & Co.
by Grand Trunk Ry. o f
Bos., Am . L. & T. Co.
do
do
Phil. W stEnd T. &S.D. Co
June 1, 1919
July 1, 1921
Sept. 1, 1941
Ju ly 1, 1920
Dec. 1*1902-03
M ay 1, 1943
July 1, 1921
Canada.
M ay 1, 1920
Oct. 1, 1950
Oct. 1, 1944
5 g. A . & O. N. Y ., Chase Nat. Bank.
I f earned.
5
July
N. Y . Cent. Tr. Co.
6 g. A. & O.
Oct. 1, 1946
Oct. 1, 1946
A p r. 1. 1947
1875
1,000 b 7,743,000
41
2
5
1881
1,000
4,987,000
1891
1,000
1,745,000 4 & 5 g.
1890
1,000 a 1,062,000
t g1898
199,002
1893 500 &o.
6
600,000
1881
1,000
300,000
6 g.
....
100
3,000,000 $2,185,1
1899 lOOO&o. 11,000,000
4 g.
1900 100 &c.
200,000
4 g.
1894
1,000
1,500,000
5 g1896
1896
1897
1,000
1,000
1,000
....
1901
50
1,000
100
1,000
1,0001
1887
1900
2,720,000
2,380,000
600,000
645,300 7 In 1902
500.000
312 g.
75,000
200.000
6
5
(?)
a%
A. & O. Co.’ s office, P ittsb ’ g,Pa. O ct.1’0 2 ,3 1
do
do
Oct. 1, 1931
A. & O.
Aug. 1. 1907
Plattsburg, N. Y.
F. & A.
J. & J. Am er.L.& T.Co.,Boston. Ju ly 15,1920
IT On coupon bonds J&J; on registered bonds Q .- J .
a Guara nteed jo in tly w ith L e high Co al & N a vig a tio n Co.;
tional not guaranteed, b $4,432,000 additional are o utstan ding, bu t owned b y C. RR. of N. J.
C e n t r a l P a c i f i c B y . - ( S e e Map o f Southern P a c ific .)
Lines owned—
M iles.
Miles.
San Francisco, Cal., to near
Branches to San Jose, e t o ...,
35
Trackage—
Ogden, U tah ..................
871
6
Latnrop, Cal., to Goshen, Cal. 146 Northern R y „ M ain L in e ___ _
U nion Pacific Into O gden___
5
Roseville Junction, Cal,, to
Oregon State la n e ...... .
296
T o t a l.............. . . . . . . . . . . . . . . 1 , 3 5 9
o r g a n iz a t io n .—Incorporated in U tah in July, 1899, as successor o l
the ra ilro a d under the plan of readjustm ent in V. 68, p. 378, b y which
the Southern Pacific acquired the entire capital stock and guar
anteed the principal and interest o f the tw o n ew Central Pacific bond
Issues shown above. The old indebtedness, including the U S. loan,
excepting about $693,000 bonds, has been discharged.
St o c k — (1) Common stock, $67,275,500, all h eld b y So. Pae. Co.
(2) Preferred stock., 4 per cent cumulative, authorized issue $20,000,000, to be delivered to Southern Pacific Co. in consideration of issue
of equal amount o f Southern Pacific Co. 4 per cent collateral
trr i t gold bonds; o f which delivered on com pletion o f readjustL.ent, $12,000,000; reserved to be delivered only to p rovid e addi
tional funds, i f required, fo r the paym ent o f 3 per cent notes to the
United States, and thereafter only fo r betterm ents and additions,
$3,000,000; reserved to be delivered fo r im provem ents and additions
at not exceeding $200,000 yearly, $5,000,000.
B onds — F irst refu n d in g M. gold 4s, $100,000,000, secured b y all
the railroads, term inals and equipment n ow owned, including about
1,349 m iles of first track, etc., b y deposit as collateral security o f o ver
95 per cent o f the old m ortgage bonds. O f the authorized issue
$39,803,000 is held by the U nited States as collateral fo r 3 per cent
notes. See A bstract , V, 69, p. 808, and V. 70, p. 739.
Thirty-year gold 3 ^s, $25,000,000, secured b y a second lien
upon all the properties covered b y the lB t re f m ortgage, and also by
deposit with the Trustees as acquired of all securities and moneys held
in any sinking fund of the Central Pacific R R ., consisting Jan. 1,1899,
of $12,553,000 in securities and $86,459 cash, and b y a trust deed
upon all the lands covered b y the m ortgage dated Oct. 1,1870.
See M ortgage Abstract, V. 69, p. 858; also see p. 851. From the p ro
ceeds of these sinking funds and land sales cancellation o f bonds w ill
be made from tim e to time; in February, 1900, $2,505,000 S ^ s w ere
canceled, and to Apr., 1902, $2,171,000 additional had been canceled
reducing those oat standing to $19,219,500.—V. 70, p. 739; V. 70, p. 1194.
Twenty ihree-per-cent notes, aggregating $58,812,714, issued to
the Government In settlement of subsidy debt; $20,587,989 paid, le a v
ing $3-',224,725 to mature,i$2,940,635 half-yearly thereafter to Feb.,
1909. First refunding 4s are deposited to retire them when due.
L an d G r a n t ,—T otal land grant was about 12,000,000 acres, o f which
about 6,839.608 acres remained unsold on June 30, 1901. Sales in
1900-1, 98,633 acres; cancellations, 18,880 acres. Land contracts on
hand July 1, 1901—principal o f deferred payments, $805,259; a ver
age price per acre, $4 15,
G e n e r a l F in a n c e s .—Cancellation o f the
o f 1899 is being
effected from tim e to time from the proceeds o f the sinking funds and
also from land s a les $2,505,000 of the bonds being thus retired early
In 1900. V. 70, p. 279, 739. Paym ent o f one of the notes for $2,940,835 held by the Governm ent was anticipated In Feb., 1900, and a
second In Feb., 1901, in each instance releasing an equal am ou ntof
4s deposited as collateral, which w ere sold; in Mar., 1901, $1,496,090
was paid on account of a third note due Aug,, 1902. V. 70, p,429, 480,
V. 72, p. 437; Y. 73, p. 82,
E arn in o s .—11 rnos. >1901-2...Gross, $18,560,830; net, $6,967,330
July 1 to M ay 31. ( 1900-1...Gross,
17,820,526; net, 7,OR),482
R eport
tn 1900-01. gross, $19,328,289; net. $7,655,083; other
Income, $020,542; lnt„, taxes, sinking funds, eto., $6,020,131; construc
tion, lTnp’ t-> etc.. $908,164; bah. sur., $1,840,830. Abstract, o f report
,
for year ending June 30, 1898. was given In V 67, p. 1 157, 1163, show
ing gross. $15,766,349; net, $6,514,679.—(V .74, p .383; V .75,p.230 )
G n l r a l It I I . u f N e w J e r s e y . —( See, Map Phita. < /leading It'/.) —
e
Operates from Jersey City, opposite New' York City, w esterly to
Wilkesbarre am Horan ton, Pa., and the neighboring anthracite coal
fields , also southerly to the seashore resortsof New Jersey, etc,.:
Lines owned in fee.
Miles. f>chigh & S usquehanna, P liilJersey City to i'liiiUnshnrg___ 72
lips burg to Union J uno.,'ete, 1.171
Sundry bran rhe--..................... 82 Wilkeslrarre < Heranton jj............. 5
fe
lin t irr. Hind: rrwn&rf,.
Lehigh A L a c k a w a n n a .............. 36
N#vw York A F^oritf Branch FiR-,
c
0
Other lin es................................
P «fth Am boy to Ray Head . 38 A lien town Term. (oper. Jointly)
3
New Jes'.-m HuuNi’ n KK., iamg
.;
Trackage,
Branch to Atelon, etc . . . . . . . 76
Union (Joal RR .............
10
I Other lines (no d e b t)................141 Lehigh tV New England...........
2
Lniif,t <mostly fo r 909 yrs.) Miles, Tresckow B ranch ....................
5
Ogden .Mine UK. T ......... .......... JO
T
Nesotichoning Valley y .......... 17
Total operated Jan. 1 1902 677
1 nee this company. I See Lehigh Goal A Nav. In "Mine. C rn pan
i
There ,1 re 261 mites of second and 30 miles of four tracks
the
Talt. ,V Ohio and the Plilla, A Rea,ding operates\ the ” Blue
lie
tween Washington and the Houthwest. and New York, Ihr B.
holng used to I'liiladelphla, the Reading to Round Brook
tral N. J, to Jersey City.
$62,000 addl-
H is t o r y .—Chartered in 1849. From M ay, 1883, to Jan. 1, 1887,
leased to Philadelphia & Beading. R eceivers w ere in possession from
Ian. 1,1887, t ill January, 1888. R eorganized in 1887 w ithou t fo r e
closure—see plan V . 44, p. 714. 716. Concerning coal properties see
Lehigh & W ilkesbarre and Lehigh Coal & N a v. in “ Miscellaneous.” In
■
Jan., 1901, control passed to the Reading R y., w hich acqu ired
$14,500,000 o f the stock. Y . 72, p 86, 136,241, 391, 721.
Drv.— <’ 90. ’ 91. ’ 92 to ’ 94. ’ 95. ’ 9 6 .’ 9 7 .’ 98. ’ 99. ’ 00. 1901. 1902.
P. e. ? 6
6 ^ 7 yearly. 5H
5
4 fi 4
4
5
5 In e.A u g.,6
In Feb., 1902, the dividend rate w as increased to 8 p .c . Y . 74, p. 93.
B onds .—F or general m ort. abstract see Y. 45, p. 402. Jersey C ity
bonds (V.68, p. 128) w ill be taken up b y C. R R . o f N. J.: In 1902, $76,616; 1903, $122,385.
T h e L . & W. Coal m ortgage is fo r $15,000,000; the bonds, fo rm erly
7s., w ere in 1900 extended at 4 3 p. c. and guaranteed, principal and
e
interest; $4,432,000 owned b y the C. R R . o f N. J. w ere in June., 1902,
held in the treasury as available assets. The rem ainder is reserved fo r
future requirements. F or guaranty see Y . 71, p. 26.
J o in tly and s evera lly w ith the Coal & N a v. Co guarantees $1,062,000
Leh. & Hud, R iv e r R y. Gen. 5s, prim and int. See V. 67, p. 788.
E a r n in g s .—8 mos., £1902......... Gross, $9/62,303; net, $2,975,699
Jan. 1 to Aug. 31. s 1 9 0 1 ...
Gross, 11,072,951; net, 4,762,180
A n n u a l r e p o r t . -F is c a l yea r changed to end June 30. A n n u al
m eeting w as held on M ay 9,1902, and w ill be h ereafter on the F rid a y
fo llo w in g the third M onday in September. Of the 16,256,821 to ta l
tonnage in 1900, 6,252,628 consisted o f anthracite coal and 10,004,193
o f general freight, against 5,736,912 anthracite and on ly 5,784,510
genera] freight in 1895. The report fo r 1901 was in V. 74, p. 573, 581.
See also editorial, p. 551.
Fear ending Dec, 31.
1901.
1900.
1899.
M erchandise............................. $5,073,417
$4,741,039 $4,519,483
Coal ...................
7,230.817
6,283,653
6,208,793
Passengers................................
2,602,746
2,569,085
2,526,159
Express and m ail......................
293,877
284,272
271,729
M isc ella n eo u s.......................
85,853
94,597
109,546
T o ta l gross earnings............$15,286,710
N e t earnings...................
$7,461,463
Other Incom e............................
1,903,125
$13,975,646
$6,097,300
1,757,702
$13,645,710
$6,220,305
1,164,293
$7,85 5,002
T otal net incom e............... $9,364,588
$7,384,598
$2,760,252
Interest on d eb t....................... $2,743,408
2,123,607
Rentals p aid.............................. 2,354,747
351,781
T a x e s ........................................
402,949
R en ew al lands, eto ...... ...........
640,000
Dividends...................................................... (5%)1,570,516 (5)1,355,615
Balance, s u rp lu s ................ $1,652,968
$1,263,748
...........
-(D ire c to rs , May, 1901, Y . 72, p. 987; V. 74, p. 5 8 l , 679, 726.)
C e n t r a l R R , o f P e n n s y l v a n i a . —Owns B ellefon te (Penn. R R .)
to M ill H all, Pa. (on Beech Creek R R .) 27 m iles; branch, 5 m ile s ;
operates N itta n y Val. R R ., 7 miles. Current liabilities June 30,1901,
$445,793. F o r year 1900-1, gross, $68,572; net, $20,190; obarges,
$54,384; deficit, $34,194. Stock, $1,200,000; par, $50.
C e n t r a l R R . o f S o u t lt C a r o l i n a . —Owns from Lane, 8. C., to
Sumter, S. G., 42 miles. Leased to the A tla n tic Coast Lin e R R .; rental
$31,000 yearly. Stook, $170,000, par $50. Tn year 1897-98, gross,
$95,286; net o ver taxes, $36,019 —(V. 64, p. 887.)
C e n t r a l V e r m o n t R y . —Operates from Rouse’s Point, at north end
of Lake Champlain, to N ew London, Conn., w ith branches 531 miles In
all of which 218 miles leased, viz.: New London * Northern (sec that
com pany), 157 miles; M on tville Branch, 3; M o n t r e a l* P rovin ec Line
By., 58.
O r g a n iz a t io n .—Succeeded M ay 1, 1899, per amended plan In V. 67,
p. 735, tlie Central V erm ont R a ilroa d , foreclosed. V. 68, p. 1076.
Se c u r it ie s , E t c .—T he Grand Trunk Ry. holds $2,185,100 o f
the $3,000,000 stock, and under a traffic contract will make good any
deficiency in earnings to meet Interest on the now firsts up to 30 p, o.
of Grand Trunk gross receipts from traffic Interchanged. M o n t r e a l*
P rovin ce Line Ry. bonds, see above.—V. 71, p. 300, 697.
R e p o r t . For year ending Juno 30, 1,901, in V. 73, p. 1201, showed :
fe a r.
Cross.
Net.
0th, luc.
Charges,
Hal.,sur.
1 0 0 1 2 ____ $3,400,432
$000,301
$10,500
$007,762
$3,000
1000 1........ 3,202,133
602,297
10,400
009,893
2,803
Officers. - President, Charles M. H ays; Cleric and Treasurer, W.1I.
Chaffee, 8t. Albans, Vi. (V. 73, p. 956,’ I 2 0 1; V. 75, p. 848.1
C e n t r n l l a A' O b cH to r R R . — See Illin ois Houtliern HR.
C l i n r l e a t o i i f ile n d e it t i l ii < H u t t o n R R . —Owns road. C harles
V
ton, W. Va . to Big O iler, 01 miles, Capital stock authorized, $3,000,OOO; par, $100 ; outstanding July, 1.000, $! .807,300, FI rat m o rig a g cls
for $3,000,000. Y ear ending June 30, 1901, gross, $151,580; net,
$83,328: total dodnotions, $79,1 43 ! balance, surplns, $4,183.
President, T If. Given, Pitlabiirg, Pa.; Meeretary anil Treasurer,
Banin ol l, Hannan, Philadelphia, Pa, (V. Of. p. 1012.)
4’ h n rlen t < n A Mu va n m i ll R y . —HOC ATLANTIC Co ast LINE RR,
>
< l i a r ic n ln n A W o s l e r u e n r o l l i n ’ It > . — Port Royal, B. C ., tn
Augusta, (la., 112 in.,and Hpartimb'g, (Ireon villoa n d Anderson, 2 2 Hm
*6
<1
W
co
H
O
w
oo
C
O
a
13
tr<
KJ
M
2;
H
o
r
r
M
txj
<1
O ctober , 1902.J
RAILROAD st o c k s a n d b o n d s ,
29
Bonds—P r in c i
IN T E R E S T O R D IV ID E N D S .
Miles D a te Size, or
pal,W hen Due.
A m ou n t
R a te per W hen W here P a ya b le , and by Slocks—L a st
of
of
Par
For explan ation o f column headings, &o., see notes
Outstanding
Whom.
Road. Bonds Value.
Cent.
P a ya b le
D ividen d.
on first pa ge o f tables.
R A IL R O A D S .
Chattanooga Southern—Stock ($750,000 is p r e f.)...
34
Chesapeake Beach—1st M ., $1,000,000, gold . < 0.0*
....
C hesapeake < * Oh io —Stk. (t r a n s fr agt. J.P.M .& Co.)
fc
M ortgage 6s, gold, ser.. “ A & B " See te x t..C e .c * 5 428
1st rn ort.,of 1911, Penin. E x t., gold. See tex t.c* \ 75
8
T e r ’i 1st hi.,1922, co verin g 8 m., to Phoebu s.g.c*
664
1st consol, rnort. fo r $30,000,000, go ld ..C e.c*& r
Rich. < AD D iv. 1st con. M., g. See te x t. ..C e .o x 252
fc
252
2d cons. M., Rich. via. Lynchb. to C lifto n F .C e
26
‘C raig V a lle y branch 1st m ortgage, g o ld ---- C e.c*
25
W arm Springs Branch 1st m ortgage, g o ld ..C e .c *
G en erarm ort. (fo r $70,000,000, etc.) g o ld ..C e c* 1,174
K in eo n Coal m ort.. assumed, r e i. beg. Oct., 1905
G re en b .& N ew R iv.R R . 1st M., g., ass (V 75,p.562)
18
....
C ar trusts, pa^ able m on th ly on 5,700 cars.........
Car trusts on 25 loco, and 1,000 cars. pay. a n u 'ly
C a r trusts, ser. B, g., $20 ,000 due y 'r l y . . G P . c *
....
C ar trusts, ser. C, g., $50,000, due sem i-annual..
G u a r a n te e d B onds.
mm
mm
E lev a to r Co. 1st M .,gold ,p . & i. gu ar ............C e .c*
mm mm
2d m ortgage, fo r $500,0’OO,income, non-cum.c*
C. & O. SS. 1st M. deb. red. at par, gu., p. < i ---fe
L o .& J e ff,B d g .ls tM .,$5,000,000,gu.p.&i.,end. 1T.*c . . . .
N orf. T erm ’l & Trans. 1st M., $500,000, gu. p.&i.
96
G reen b rier R y . 1st m ort., $3,000,000, g ... C o l c*
” 4
P assen ger & B e lt R y . (L e x , K y .), 1st mort-., gold
B ig Sandy Ry. 1st M ., $4,000,010, g o ld ..............
Chesapeake Western—Stock ($008,4 00 is p r e f.).......
C. < W. Is tm o rtg a g e , gold ($25,000 per m ile) C o.
fc
27
41
Ches. W est, n ew m ortgage, $1,435,000, g o ld .. 0*
....
....
$100 $3,000,000
1,000,000
1,000
1898
5 g.
....
100 60,541,100 1 in 1902
2,013,354
1878
1,000
6 g.
2,000,000
1881
1,000
6 g.
142,000
1882 500 &o.
6 g.
1,000 25,858,000
1889
5 g.
6,000,000
1890
1,000
^ g.
1,000,000
1890
1,000
4 g.
650,000
1890
1,000
5 g.
400,000
1891
1,000
5 g.
4 ifig.
1892
1,000 33,833,000
200,000
5C0 &c.
5 g.
b555,000
1,000
5 g.
1,669,117
::::
1900
1.U00,000
2,00 ',000
1902
1,000
4 g.
1,000,000
lfcO i
4 g.
=
1888
1888
1893
1895
1898
1900
1902
1896
1901
830,000
450,500
a£70,000
113,000,000
500,000
2,000,000
150,000
2,000,000
1,419,600
100
500 &o.
666,000
1,000
1,419,000
1,000
1,000
£100
1,000
1,000
1,000
1 Guarantee/! jo in tly and s e v e ra lly w ith Clev. Cin. C liio. & St. L.
T
b Inclu des $216,000 in tne treasu ry J une 30 19 02.
H is t o r y .—A reorga n iza tion and consolidation Oct. 3,1896, o f the
P o rt R o ya l A A u gu sta and P o r t R o y a l & W estern Carolina, purchased
at foreclosu re sale by Tnom as < R yan , w ho sold the en tire ca p ita l stock
fc
and la rg e p o rtion o f its issue o f iucom e bonds to A tla n tic Coast L in e
in D ecem ber, 1897. V. 66. p. 38, 335.
St o c k .—$1,200,000; par, $100. A fu ll statem en t as to A u gu sta Ry.
T erm in a l Co. and its bonds was in V. 66, p. 383.
E a r n in g s . - F o r yea r ending June 30, 1902, gross, $963,760; net.
$252,521; oth er incom e, $4.1*1; taxes, $43,200; charges. $192,730;
surplus, $20,773. Presiden t. J. B. C leveland, Spartanburg, S. C.;
Secretary, Jam es F. Post, W ilm in gton , N. C.— ( V . 73, p. 1207.)
C l i a r t i e r s R y . —Owns from Carnegie, Pa., to W ashington, P a ., 23 m.,
Leased t ill 1971 to the Pittsbu rg Cincinnati & St. Louis (now P it t s
burg Cincinnati Chicago & 8t. Louis); the ren ta l is net earnings.
C apital stock, $645,300 (par $50); P en n sylvan ia Co. ow ns $333,850.
D iv id e n d s — )'8 7 -8 9 . '90. '91. '92. '93. '94. '95. '96. '97. '98. '99-'02.
s in c e '86 (p.c-.) s 5 y ’rly. 5% 7*2 8 10 10 8
9
10 10 7 y 'rly .
O f the n ew S ^ s authorized in Sept., 1901, $500,000 w e re used to
refu n d a lik e am ount o f 7s, due Oct. 1, 1901, and the rem a in d er
reserved fo r fu tu re requirem ents. Y . 73, p. 615.
E a r n in g s .—F or year ending Dec. 31, 1901, gross, $490,027; net
$136,727 ; other income, $11,010; int. and taxes, $42,249; dividends,
$45,171. In 1900, gross, $417,996; net, $135,406.—(Y. 73, p. 615.)
C i i a t e a u g a y R R . - O p e r a t e s n arrow -gau ge road from P la ttsb u rg,
N, Y ., on the D ela w a re
Hudson, to Saranac L ake, in the A d iro n d a ck
M ountains, 73 m iles. O f this it ow ns fro m D annem ora to L yo n M t.,
18 m iles, and leases the Chateaugay R a ilw a y , L y o n Mt. to Saranac
Lake, 39 m iles, and the P la ttsb u rg & D annem ora R R . (so-called),
Plattsbu rg to Dannem ora, 16 m. Th e la tte r road is leased fro m the State
o f N . Y . fo r one dollar and the fre e tran sportation o f fre ig h t to the
State's Prison at Dannem ora. T h e Chateaugay R a ilw a y is leased fo r
nterest on its bonds, w hich are guaranteed p rin cip al and in te rest hy
;be D ela w a re < Hudson Co. (See V. 73, p. 1263.)
fe
B u ilt in in terest
oi C h ateaugay Ore & Ir o n Co., and to ca rry summer tra v e l to the
Adirondack??. In January, 1897, the Saranac & L a k e P la cid , 10 miles,
v as leased fo r 17 years jo in t ly w ith the Chateaugay Ore & Iro n Co.
In July, 1902, it w as proposed to standard-gauge the road. Stock,
$75,000 (par $100.)
E a r n in g s — In year en din g June 30, 1902, gross, $256,764; net,
*3 8,017 ; rentals and taxes, $31,691; balance, surplus fo r year,
$6,126. I n 1900-01, gross, $264,139 ; net, $22,702.— (V. 73, p. 1263.)
C J h a th a m 6c L e b a n o n V a l l e y R R , — See R u tlan d R R . V. 73,
p. 1207.
C h a t t a h o o c h e e 6c G u l f R R . —Com pleted In 1900 from Colum
bia, Ala., to SellerHville. about 68 m iles. V. 71. p. 806.
L e a s e .—L eased in p erp etu ity to Cent, o f G eorgia R y. fo r 6 p e r c e n t on
$273 ,400 stock and $300,000 bonds, o f w hich 1 p. c. to be used as a
sinking fund fo r retirem en t o f bonds, upon com pletion o f which rental
w ill be 5 p. c. on stock, p ayable J.-J.; a d d ition a l stock and bonds w ill
be issued ror ex ten sion from Sellers v ille , 24 m iles, V. 7 5, p. 848, See
Central of Ga. R y.— (V . 70, p. 1194; V. 72, p. 820; Y . 75, 848.)
C h a t t a h o o c h e e V a l l e y R R , — W est P o in t. Ga., to R iv e r view , 10
miles. Stork authorized, $1,000,000; outstan ding, $110,000; p a r o f
shares, $J 00. Bonds, see ta b le above. For y e a r en d in g N o v . 1, 1901,
gross, $35,190; net, $10,273; in terest on bonds, $6,000.
C h a t . R o m e 6c S o u t h , R R . —M erged 1901 in C entral o f G eorgia.
.
C h a t t a n o o g a .S o u t h e r n R R , —O w ns road, com pleted In June,
1891, from Tennessee State lin e to Gadsden, A la ., 87 miles; Round Mt.
branch, 3 m iles; tra ck a g e to Chattanooga, 5 m ile s ; sidings and
•purs, 10 m iles; tota l o f all track, 105 miles. Successor to C h a tta
nooga Southern Ry., sold in foreclosu re Feb. 14, 1895; plan in V. 61,
p. 830, but m July, 1902, the new securities had not been issued.
The new l 0- w ere to b e $5,000 per m ile on present m ileage and $10,000 on extensions; and the incom e rnort. 5s, $750,000. V. 63, p. 401.
K aju u n o h --2 moH., } 1902........... Gross, $22,473;
net., $3,446
July 1 to Aug. 31. 5 1901........... .G ross, 18,380; op. def., 7,340
Year ending June 30, 1902, gross, $08*185; def. under oper. exp.,
$21,BO.'L In 1900-01. gross, $92,813; def. under oper., $38,512.—(V.
83, p.823.) SeC., E. 0 Osborn, 31 Nassau Bt., N. Y.
C h esa p e a k e R e a c h R a i l w a y . — W ashington, D. 0., to Chesa
peake Beaeh, Md., 31 miles; to be opened M ay f, 1903. 8 took $ i ,000,-K . all mil •; anrllng; par, $100* President, Hyl, T. Sm ith; Hec , A II,
jo
L e w .!- if r i- ii h , Fred. W. Moffat. Office, 1420 N e w York A v e ., Wash.,
D. 0. (V 69, p. 228.)
< l * « .i | ;j k < 6c O h i o R y . — ( See M a p .)—O perates from N e w p o rt
»<
*
V 1 an) W ashington, D. C .,to Cincinnati, Ohio, with branches.
.
I An cm nwnfsi in fe e
Lines lcatfct ■—
MiUt.
M il ft.
Old Point ( ’urnfo r t and N e w
G re en b rier Hy.
port. a
v\a < harlo ties Durbin to w h I tcom b ,W *Va 06
vl 1 © to A * hlan d, K y ........... 512 Sundry branches leased ......
1
27
&lchtnond via Lynchburg to
( ) pe r a ted u n d e r c o n tra c t___
21
Clifton For ve, Vtt.
232 Trackage. to L ou isville . . . . .
84
Branches In Va. and W Va
181 T r aekug e to Wan bingto n,
IdnfM esm trolled hy *tockr etc
EX 0 ................ . . . . . . . ......
85
0 t,h e r track a g e .......................
21
* j ’Ashland, K V., U> ( Jovington, 143
Bridge—Oovi ngton , K y f, to
T otal system June 30,1902 1,636
Cincinnati, Ohio
2 1Second tra ck .... .................
149
3K j
Lexington A Big Handy K y .
t
1
Other 1 nra r ontro
.......
\1 1
Also owns one-?fixth internet in t io Klchm ond-W ir
a £10,000
J. & J. Office, W ashington, D.C.
.....
N.Y%J. P . M organ & Co.
do
do
A . & O.
A. & O.
do
do
J. & D.
do
do
M. & N.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
do
do
M. & S.
do
do
M. & 8.
do
do
A . & O. Cen.Tr.& S.Dep.,Cin.,0.
F. & A.
Richm ond.
J u ly 1, 1923
N o v .2 0 ;0 2 ,l%
J u ly 1, 1908
Jan. 1, 1911
June 1, 1922
M a y 1, 1939
Jan. 1, 1989
Jan. 1, 1989
J u ly 1, 1940
Moh. 1, 1941
Moll. 1, 1992
Oct. 1, 1915
Aug. 1, 1942
T o M ay, 1907
F. & A .
A u g , 'O S - 'll
F. & A . G irard Tru st Co., P h il a. A u g LV 03-M 2
M. < S.
fc
M ar,03-Sep,12
do
do
4 g. A . & O.
=
4
Oct. 1.
London.
5 g. J. & J.
4 g. M. & S. N .Y ., J .P . M organ & Co.
=
F. & A .
5
fe
N e w Y o rk .
4 g. M . < N.
=
5 g.
4 g.
5 g.
4 g
=
F. & A .
A , & O.
called ye a rly at
Contin. Trust, N. Y .
N e w Y o rk .
Oct. 1, 1938
Oct. 1, 1988
Jan. 1, 1909
Mch. 1, 1945
Feb. 1, 1948
N o v . 1, 1940
Jan. 1, 1903
1942
A u g. 1, 1945
Oct. 1, 1951
par.
O f the above m ile a g e 19 m iles is n arro w-gauge road.
Th e branch from W hitcom b up the G reen b rier R iv e r to its forks, 96
miles, to a connection w ith the W est Y a . Cent & Pitts., w as opened to
Cass, 81 m iles, on June l, 1 9 o l, t h e b a la n c eb* in g com pleted M ay, 1902.
E xten sion from W hitehouse, K y .,to the Breaks o f th e B ig Sandy in
V irg in ia , about 80 m iles, under ch arter o f B ig Sandy R y., w as le t In
June, 1902; other extensions under con stru ction June 30, 1902, a g
gre g a tin g about 93 m iles; see Y . 75, p. 563.
In Oct., 1901, purchased K in e o n Coal Co. term inals in Cincinnati,
assuming $200,000 bonds. V . 73, p. 956, 1159.
H i s t o r y , <fec.—T h e fo rm er Chesapeake & Ohio w as sold in fo re
closure A p ril 2,1878, and this com pany organized. In 1888, under
the direction o f D re xel, M organ & Co., reorganized w ith ou t foreclosure,
and the road exten d ed to Cincinnati. T h e consolidation w ith the Rich
mond & A lle gh a n y w as consum mated in January, 1890. T h e E liza b eth
tow n L e x in g to n & B ig Sandy and other roads w ere absorbed in 1892.
Ca p i t a l s t o c k .—Common stock is $60,529,500; increased from
$45,000,000 to this figu re since 1892 through exchange o f p ra c tic a lly
all the $25,000,000 o f p referred stocks fo r comm on stock and gen eral
m ortgage 4*2 per cents in certain proportions. F irs t p referre d fo r
10,800 and second p referre d fo r $800 o n ly w as outstanding June
0, 1902. See term s o f exchange in Y . 54, p. 642, Stock m ay be reduced
by m a jo rity v o te o f stockh olders i f deem ed desirable. V . 70. **. 175.
d i v i d e n d s .— F irst div., 1 p. c.Jpaid Oct., 1899; N o v ., 190 0,1 p. 0.;
N o v., 190 1,1 p. 0 ; N o v ., 1 9 0 2 ,1 p. e,
B o n d s .—A b stract o f consol, m o rtgage o f 1939 in Y . 49, p. 147; o f
Richm ond & A lle g h e n y m ortgages in V\ 51, p. 144.
Th e general m ortgage o f 1892 (C entral Tru st Co. and H. T. W ickham
trustees) is fo r $70,000,000, but additional amounts at $25,000 per m ile
m ay be issued fo r double-tracking. O f the $70,000,000 as above,
$32,691,000 bonds w ere reserved to p rovid e fo r the $30,000,000 con
sols o f 1889, issued or to be issued, etc. The balance unissued m ay be
sold fo r new acquisitions, ro llin g stock, etc., but n ot m ore than
$2,000,000 th ereof in any one year. T h e m o rtgage covers the en tire
p rop erty o f the com pany, real and personal, at the tim e the
deed w as made, and all additional p ro p e rty and
m ile a g e
acquired w ith the proceeds o f the bonds. Bee fu ll abstract o f m ortgage
tn V. 54, p. |644; also V. 54, p. 642; V. 55, p. 335. In Sept., 1902,
$33,833,000 had been listed on N ew York Stock Exchange, $1,000,000
h a v in g been sold fo r construction and im provem ents. V . 75, p. 497.
T h e L o u is v ille & Jeffersonville B rid g e bonds, o f w hich $3,00o,000
are outstanding, are guaranteed jo in tly and sev e ra lly b y the Chesa
peake & Ohio andC leveland Cincinnati Chicago & St. Lotus; an y d eficit
on account o f the b rid ge is p ayable by them in th e p roportion o f onethird and tw o-th irds re s p e c tiv e ly —see V . 60, p. 130; V. 61, p. 327,
559; Y . 62, p. 84 and separate statem ent fo r L. & J. B rid ge Co.
O f the G reenbrier Ry. 4s o f 1900, gu aran teed p rin cip al and in terest,
$1,000,000 are reserv ed fo r extensions and im provem ents. See g u a r
anty, V. 72, p. 626; Ree also V. 71, p. 554, 602.
Th e car trusts, series B, c o v e r equipm ent costin g $2,343,120, in clu d
in g 25 locom otives, 1,000 steel gondolas, 300 w ooden b o x oars, 400
w ooden gondolas, etc.; series C, 1,000 gondolas. V. 75, p. 239, 393.
O p e r a t io n s , F in a n c e s , & c . —Since the reorganization in 1888, w hen
the control o f the com pany was placed fo r fiv e years in the hands o f
trustees, the property has been grea tly en larged and im proved.
In Jan., 1900, P en n sylva n ia interests purchased a la rg e block o f
stock, and w ith the M organ -V an d erb ilt interests now ow n a m a jo rity
o f the stock. V. 70, p. 75, 632; V. 72, p. 480,
On June 30, 1902, the N. Y . Cent. & Hud. R iv. and Clev. Gin. Ohio. <
fe
8t, Louis ow n ed stock representing outlays re s p e c tiv e ly o f $1,638,455
and $2,453,569. V. 71. p. 398, 5^5. On Jan, 1, 1902, the P e n n s yl
va n ia RR. proper ow ned $10,130,000 and the N orth ern C entral $1,
500,000 o f the stock.
Th e O. < O. B8. Co lin e was fo rm a lly opened Sept. 7,1893, and ow n s
fc
six steamers, using the ra ilroa d w harves a t N e w p o rt News. Th e Coast
wise 88. Co., whose $630,800 bonds w ere purchased in 1899 0, ow ns 3
ocean tugs and 15 barges and leases 3 steam ers. V. 71, p. 554.
E a r n in g s .—2 rnos., ) 1902_____ Gross, $2,208,736; net, $666,140
Ju ly 1 to Aug. 31. S 1901........ Gross, 2,845,983; net, l,liO ,5 8 G
A n n u a l R e p o r t .—F iscal year ends June 30. Annual m eetin g lo
held a t Richmond on the Tu esday precedin g the last Tuesday in
October* R ep ort fo r 1901 02 was given in full In V. 75, p. 547, 561,
and showed to e follow in g. Bee also editorial p. 627.
T raffic,—O f the to ta l tonnage (10.904,165) in the y e a r 1901 02, coal
and coke furnished 5,972,067 tons, or 54 per cen t o f the w h o le ;
products o f agricu ltu re furnished 8 per cent. Th e a vera g e ra te re
ceived on seaboard coal w as only 3*07 m ills per ton per m ile ; on all
freigh t, 4 02 mills. A v e ra g e train-load, 250 tons In 1892, 509 In 1901 2.
1900.
Year Gliding .June 30—
1902
1901,
1.470
1,501
Miles o p e ra te d ..,___ ____
1,636
$2,820,81 3
$2,081,076
Passenger earn in gs........ $2,954,919
I 0,095,114
1 1,842,213
F reigh t.............................. 12,838,800
025.850
702,610
E xpress,m ail arid mlHcel.
735,653
$1 5.371.54 2
$13,402,070
T otal e a rn in g s...........$1 6,524.378
$9,087,030
$9,907.1 80
Oper. ex penses and t.axes$ 10,822.835
1
06)
Per ot. expenses to earns.
(66)
( 05)
$5,4 04,802
N et ea rn in gs.............. $5,702,043
I 48,371
149,926
O thcr Incom e...................
130,431
$ 4 ,4 0 2 , 8 0 3
T otal and n et Income. $5,838,474
$5,554,2b 7
f
Clifford
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October,
1902. J
RAILROAD STOCKS AND BONDS,
31
Ronds—P rin ci
R A IL R O A D S .
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Due.
Am ount
Par
of
of
R ate per When Where Payable, and by Stocks—Last
For explanation o f column headings, &o., see notes
Outstanding
Road. Bonds Value.
Cent.
Payable
Whom.
on first page o f tables.
Dividend.
4
$50
Chestnut H ill E E .—Stock, rental P. & R. R y .........
57
100
C h ic. & A lt o n R y .—Com. stock, $20,000,000---57
....
100
P ref. stock. 4 per cent.non-cnm , $20,000.000...
First lien M.,$22,000,OOO.g,sub.call atpar.F.c<fer
57 1900 l.OOO&o
A ll 1899 l,000& e
Ch. & A lton R R .refu n d’ g M., g. See text.IC.c*<fcr
U n d e r l y in g Se c u r itie s , E tc .
£200
Gen. M., Jol. to E. St. Louis & br., ste rlin g .U s o* 322 1873
1,000
S.f .bonds (K.C.St.L. AC. IstM .col.) ,g,not dr’n U s.o* 162 1878
—
1877
1,000
Miss. R iv. Br., 1st M., g., ass’d, s. L, dr’n at 100. c*
162
....
100
Kansas City St. L. & C. pref. stock, guaranteed..
37
....
100
Joliet A Chic., 7 p.o. stock,perpet.,guar. b y C.&A.
101
100
Louisiana A Mo., guaranteed preferred stock—
....
C h ica g o B u r lin g t o n & Q u in c y —Stock,7p.o.rental . . . .
100
826 1873
Con. M. cov’ Dg Ch. Term, (now 1st lien) see text.o’
1,000
Illin ois D iv. m ortgage, $85,000,000, cur. N B — 1,642 1899 1000,&c
11879
Sink, fund, Io w a D iv., 5s, (col. tr.) drawn at 105..
901 ) 1879 1,000
Sink, fund m ortgage 4s, drawn at 100........... c&r
1,000
. . . . 1881
Sink, fund 4s (So. W. D iv.) drawn at 100....... o*&r
1,000
415 1881
D env.exten. (coll, tr.l b’ ds, s.f. dFn at lO O .S B .o *
1,000
... . 1883
Debentures fo r Han. & St. Joseph stock........... o*
1,000
Nebr’ sk a ex t.,$20,000p.m . (s .f.,n o td r’n')NBo*&r 1,472 1887 1,000Ac
121 1895
1,000
Chicago A Io w a D iv., collat t r u s t .....— N B . c ’
. . . . 1890-2 100 Ac.
Convertible debentures (See rem arks).............. o*
....
6
$195,650
19,542,800
19,544,000 4 in 1902
22,000,000
3^g.
31,988,000
3 g.
114,379,850
Hl,663,000
11399,000
1,750,000
1,500,000
329,000
111,142,800
21,699,000
37,096,000
b 2 ,566,000
c8,390.000
d 4 ,300,000
67,968,000
9,000,000
25,900,000
2,320,000
342,200
b, $434,000, and
c, $4,207,000 canceled not includ ed. d, $1,482, 000, and
here included.
U Cash deposited to retire these at ma tu rity. - V . 69, p. 178.
I f 02.
1901.
I f 00.
In terest on bonds,
$3,778,066
$3,552,390
$3,306,221
E xtraordin ary expenses 1,440,814
1,304,172
348,696
D ivid en d No. 3
. . ( 1%) 605, 291
*
_______ *
Balance, surplus___ _
$14; 3i 3
$697,725
$807,886
* From accumulated, surplus div. o f 1 p. c. each. ($605,287) was paid.
Oct., 18S9, and S ow , 1900. Balance to credit o f Ineom e account
June 30, 1902, $1,062,325.
Ot t ic e r s .—P resident, G eorge W . Stevens, Richmond, V a.; VicePresident, 1> catur A x te ll, Richmond, V a ; Treasurer, O. E. Potts,
Richmond, V a ; Secretary. 0. E W ellfo rd , Richmond, V a .; Com p
troller, L . F. Sullivan, Richmond, Va.
Di-ectors— Decatur Axtell, John P. Green, S. M. Prevost, George W. Steven s
Chs/nncey 51. Depew, William H. Neuman, Samuel Rea, H. McK. Twombly
V i rttrV s ~n
V
i r
—(V. 74, p. 1194; V. 75, p, 183, 239, 393, 441, 497, 5 4 7 , 5 6 1 , 611.)
C h e s a p e a k e W e s t e r n H .y .= O vm s N o rth R iv e r Gap, Va., to
B ridgew ater, 14 miles; cpened M ay 1,1902; leases fo r 99 years Ches
apeake & Western EE., Bridge wa' er to Elkton, 27 miles; total, 41
miles- P rojected to tidew ater on Chesapeake Bay, and w esterly into
the W est V irgin ia coal fields, o f w hich 14 miles from B ridgew ater to
North R iv e r Gap is completed.
Stock authorized, $50,000,000; outstanding, see table. Ches. West.
RR. has $533,500 com. and $29,200 pref. stock outst’ng. In Oct., 1901,
made a m orti age to the B ow lin g Green Trust Co. o f N e w Y o rk to secure
$1,435,000 bonds. P .7 3 , p .899, 1356. Y e a r ending June 30. 1902
i.29 a verage m iles), gross, $37,126. In 1900-1 (27 miles), gross, $31,159; net a fter deducting taxes, $677; no interest paid, bonds being
held by construction company. President, De W itt S m ith ; Treas.
and Gen M gr., W. H. H all; Sec., J. C. Ward. Office, 141 B roadw ay,
N, Y . - ( V , 73, p. 899, 1356; Y. 74, p. 986 )
C h e s t n u t H i l l K i t . —Owns from G erm aniow n to unestmrc n i l l
Pa., 4 miles; bein g double-tracked M ay, 1902. Re-leased in 1896 to
Phila. & Reading Ry., the rental being reduced from 12 per cent to 6
p e rc e n t on stock, the la tter bein g increased in-Tune, 1902, from
$120,650 to $195,650 —(V 74, p. 936, 986; V. 75, p. 76.)
C h ic a g o & A l t o n K - j . —tSee M a p ) —R o a d — Chicago to St. Louis,
Kansas City, etc., in a ll 920 miles, o f which about 110 double tracked.
Road, Owned—
M ilts. \ Leased L in e s .—
Miles.
Springfield, 111., to G rove, 111.. 58 Roodhouse, 111., to Kansas
Leasea L in es—
City, M o.................... ......2 5 1
Chicago to East St. Louis, 111 280 Bloom ington to W ann, via
Coal City Line, In d .................. 25
,1acksonville G od frey &
Dwight, 111., to Washington
U pper A lto n (all in 111.),... 159
and Lacon, 111 ............... 80
Trackage to P eoria, 111., etc.... 17
M exico, Mo., to Cedar City, Mo 50 ,
T otal of all owned, leased and operated In system..................... 920
Or g a n iz a t io n —T his railw ay company was organized in A p ril, 1900,
and purchased substantially all the stock o f the Chicago & A lton
R ailroad Company, viz., $18,322,400 ol the $18,751,100 common and
$3,472,200 o f the $3,479,500 preferred stock, all o f which has been
deposited as security under the first lien m ortgage o f 1900; also the
line o f the fct. Louis Peoria < N orth ern between S pringfield and G rove,
fc
58 miles
The ra ilroa d , whose separate existence is m aintained fo r
legal reasons, has been leased fo r 99 years from A p ril, 1900. the rental
being the net earnings, a fter paym ent by the lessee o f all interest on
bonds.taxes and other charges, etc. See V. 70, p. 686, 995.
St o c k .—A uthorized, $20,000,000 each o f common and 4 per cent
non-cum. preferred; issued in amounts as shown in table above, the
unissued stock being reserved to exchange fo r the outstanding stock
of the railroad company not now owned.
DivfnKM )8.—First semi-annual dividend on preferred, 2 p. c., paid
Jan. 10, 1901; July, 2 p. e.; 1902, Jan., 2 p. c.; July, 2 p. c.
B o n d s .—T he first lien 3*38 o f 1900 are secured by practically the en
tire capital stock of the C, A A . R ailroad , as shown above, and by a
direct first lien on Springfield to Grove, 57 miles. V. 70, p. 894, 944.
Bee application to list in full in V. 71, p. 1021.
The ra ilroa d m ortgage securing the 3 per cents o f 1899 w ill
refund bonds marked “ if” in table maturing during n ext four years
and also provid e fund fo r im provem ents and extensions. Bonds In
excess o f $40,000,< 00 may be issued thereunder on vote of twothirds of the stockholders for extensions of not over 000 miles,
main track, at not exceeding $20,000 per m ile, to fund leased line renttal obligation-, and for future betterm ents not to exceed $5,000,000 at
not over $1,000,000 per annum from Jan. 1, 1900. Stockholders In
1899-00 purchased $31,988,000 o f the new 3 p. o. bonds at the rate
of $650 cash for each $ l j 00 face value; V. 70. p. 739. See official
circular In V. 69, p. 178; also p. 26, 129, 541; V. 70, p. 429,995.
O k n k k a i . F inaisos . . The new management has made large expendi
h
tures for the developm ent of the property, having purchased 4,000
new freight cars and 77 heavy locom otives, and undertaken Important
wmk in the reconstruction o f bridges, etc. V. 70, p. 686,894,9 i t, 995.
The money to pay all Die existin g 0 and 7 p ercen t bonds hav Ing
been deposited with t.he United States Trust Go., together with the
nterest thereon to the m aturity of the several loans, tlio annual !uJirest, charge o f the (! A A,. HR. do. Is virtu ally If per cent on the $31,*88,000 new bonds, viz., $059,640.—V. 7 i , p. 1012.
L a t e s t e a r m ’ s 2 rnos., 1 1902....... Gross, $1,696,760; net, $642,716
July 1 to Aug 31,.
5 1001.......Gross, 1,678,276; not, 620,898
Q .-M .
Phila., Treas. of.
Sept. 4 ,’02, Ha
J. & J. N. Y ., 120 Broadw ay,
J. & J.
do
do
A. A O.
do
do
6 g. J. & J.
6 g. M. & N.
6 g. A. & O.
6
Q .- F .
7
Q..-J.
7
F. & A.
7
Q .- J .
7
J. A J.
3is J. & J.
5
A. & O.
A. & O.
4
4
M. & S.
F. & A.
4
M. & N.
5
M. & N.
4
F. & A.
5
M. & S.
5
e, $2,696,0 00, are
Lond’n.J.S.MorganACo.
N. Y ., 120 Broadw ay,
do
do
do
do
do
do
do
do
N. Y ., Boston and Chio.
N Y .,B k .o f Com.&Bost.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1,’02,2%
Jan. 1, 1950
Oct. 1, 1949
July 1, 1903
M ay 1, 1903
Oct. 1. 1912
N o v . l’0 2 ,l1
a%
O c t.,’02, 1%%
A u g .l, ’02, 3ia
Oct. 1, ’02, 1 \
July 1, 1903
Ju ly 1, 1949
Oct. 1, 1919
Oct. 1, 1919
Sept. 1, 1921
Feb. 1, 1922
M ay 1, 1913
M ay 1-, 1927
Feb. 1, 1905
Sept. 1, 1903
in sinking fund uncanc eled and
are
A kntfai, R e p o r t .—Fiscal year n ow ends June 30. R ep ort fo r ye a r
1901-02 was in Ch r o n ic le o f Oct. 2 5 , 1902.
< Oal. y e a r — — i e a r ending June 30.—
—
1899.
1901.
920
$9,036,655
5,595,668
1902.
920
$9,225,739
6,023,919
N et earnings. $2,992,385 $3,255,331 $3,440,987
Dividends (7 p. e.) on Chicago Se Alton MR.
stock owned... .. . . . . ............................ . . . . x l , 525,622
Miscellaneous income ...........................
5,759
$3,201,820
x l , 525,622
2,517
Total i n c o m e . . . . . . .............$4,972,368
Rentals to C. & A. R R ,,. . . . . . . --- . . . . . . . . . . . . . x$ 3 ,341,901
Taxes on comp’y’s line not covered by lease..
11,560
Interest gig per cent bonds........................
770,000
$4,759,959
x3 ,134,618
...... .
770,000
A ll charges. ____ ..$4,123,461
4 per cent preferred d iv id e n d ......... . . . . . . . . .
$3,904,618
781,760
M ile s .,...—___ .. ..
843
Gross earnings. . _.$7.155.962
Oper. expen ses..... 4,163,577
1900.
855
$7,796,449
4,541,118
781,760
Surplus.................... . . . . ..........
.. ..
$67,147
$43,582
x Under its lease o f the Railroad, the Railway .company operates the line and
as rental psid in 1901-('2 Interest, taxes and rentals; also balance o f net earn
ings, $1,689,613. From this last was paid 7 per cent (.$1,563,«44; by the Railroad
on its stock. This stock is nearly all owned by the Railway company, which
therefore treats the dividends received thereon ($1,635,622) as “ other income,”
as here shown.
Offic e r s .—Chairman o f Exec. Com.,E. H. Harriman; President, S. M.
Felton; Vice-Pres., John N. Faithorn; Treas., F. V. S. CrosbyiSeeretary,
A lex Millar, 120 Broadway, N. Y.
Directors—George J. Gould, M. L. Setoff, James Stillman, E. H . Harriman,
New York; C. H . Chappell, S. M. Felton, James P. k’organ, John J. Mitchell,
N. B. Ream,JT. 8. Winston, Chicago; D. ft. Francis, Sr. Louis.
—tV.73,p.183, 235.720,839; V. 74, p, 326; V.75, p. 289,793.)
C J iica g o B u r l i n g t o n & Cfcmincy R I l . — See Map. j —R o ad .—Ope
J
rates a great system'of roads extending from Chicago westerly, reach
ing St. Paul and Minneapolis, Minn., St. Louis and Kansas City, Mo.,
Omaha, Neb., Denver, Col., Cheyenne,Wyo., Black Hills, S. D., and B il
lings, Mont. The accompanying map shows clearly the system, viz.:
Lines east o f M issouri R iv. Miles.
West o f M issouri River.
Miles.
Owned (standard gau ge)...... 3,805 S ecu rit’s a ll owned, leased In
perpet'ty(B .& M .R .in N eb.).3 ,929
Controlled (narrow g a u g e ).. 229
Leased and operated jo in tly. 187 Kans.C & Omaha (controlled) 203
T otal operated in system June 30, 1902................................... 8,353
Or g a n iz a t io n , A c . This was a consolidation In July, 1375, o f the
Chicago Burlington A Quincy in Illin ois and the Burlington A Missouri
R ive r in Iow a. Chicago Burlington & Northern and other subsidiary
lines In Illin o is w ere absorbed in M ay, 1899. V. 68, p. 975. In
1900 purchased the rem aining leased lines in Io w a and Missouri, viz.;
Kans. C. St Jos. A Co. Bluffs, St. L . K . & N. W., Chic. Burl. A K. O.,
Han, &. St. Jos., Keokuk & W est, and Ohio. Ft. Mad. & Des Moines,
Burl. & Missouri R iver, etc.— V. 71, p.697, 863,963; V.73, p. 137, 899.
In June, 1902, the Burlington & W estern, 109 miles, was standardgauged. V. 75, p. 28.
In July, 1901,$107,577,200 o f the $111,200,000 stock had been e x
changed fo r the jo in t 20-year 4 p. o. bonds o f the Gt. Northern and
Northern Pao. secured by the deposit o f the stock in trust, on the basis
o f $200 in bonds fo r $100 stock. See Circular, V. 72, p. 871, and appli
cation to list, V. 73, p.294, and description o f bonds under G reat Nor.
A branch from Alliance, Neb., to Guernsey, W yom ing, and from
Brush, Col., north to a junction therewith at Northport., Neb., about
150 miles, was opened Sept., 1900, o f which 23 miles is Union Pacific
trackage. V. 71, p. 437 Extension from Toluca, Mont., to Cody City,
W yoming, 120 miles, was com pleted In 1901, In Mar., 1901, the
D avenport Rook Island A Northw estern Ry.. Moline, 111., to Clinton,
la., 40 miles, was acquired jo in tly with the Chic. Mtlw. A St. Paul Ry.—
V. 72, p. 532, 675. In Feb., 1902, purchased Kansas City Peoria &
Chicago Ry., W est Quincy to Pattonsburg, Mo., 106 miles, and in Juno,
1902, practically all the bonds and stock o f the J ackson ville & St.
Louis Ry., Jacksonville, to Ccntralla, 111, 112 miles V. 74, p. 426,
1307; V. 75, p. 793. In July, 1902, extension from Billings, Mont.,
northwest to G reat Falls, on the G reat Northern, was proposed.
For legal reasons the road is leased to the Ohio. Burl. A y uiuoy R a il
way (which see below ) for 999 years from October. 1.901, at 7 per
cent per annum on stock. V. 73, p. 842, 1011, 1061, 1207, 1312.
C a p i t a l St o c k .—T he stock has been increased fo r the acquisition
of now lines, retirem en t o f o ver $15,000,000 convertible debentures,
etc.; in 1880 a 20 p.o. distribution was made. See “ O rgan ization ” above.
D ivs.— > ’81-87 ’88 ’ 89 ’90 '91 ’ 92 '93 ’94 ’95-’97 ’98 ’99 to Hep.,’01
P er cent. $8 y r ly 5
4 5 4G 5 5 4% 4 yly. ft** 6 yearly.
On June 15, 1901,2 p. o. was paid for the 4 months ending July 1.
1001, when Interest on tins now Great Nor.-Nor. Flic. collateral trust
4 per cent bonds began; Hept., 1‘a p. o ; llrst quarterly dividend under
lease, 1% p. o., paid Jan. 1, 11)02, dividends h ereafter to lie Cj. ,J. V.
74, p. 41.
SINKING F unds, -included, in the bonds outstanding In the table
above are sundry bonds of the company which urn held alive and
drawing Interest for account, o f the various sinking funds.
B onds . For full description of each loan see the editorial article on
pages 3 to 6 of Ht/FI’LBMKNT o f Oct., 1896, and OlIRONIOLE V. 03, p. 775 .
Cando
\
Tow per
M in o t\
S
O
R a in y LaJce
°^ a (
Leeds
'
19
C h u rch 'sT eW
Lakota
i£E$-RO.YAlr£
Lari more
l, Ben ton
,inia
Y Allen Jc
Bemidji
Howe
Walker
,uu'WeS
Lewis town
NORTHERN
Morgan
ena
avT
"
fU M ) L e e ch
W m Lake
t
: ytapids
r^.
lOntouagoi:
Buy field
p a c if ic
Musselshell
lacer
La Afoun
Edge ley <
T
Y ellow $lo ri^ ^ M iie s } 0 ity
Ellendale
Big Timbej
HU NTLEY
^ tc J u c a
l
t. C uster
£,
Mantua
R a t io n a l |
Ithinelauder
Fembiue
Aberdeen
Prem ie
Beusou
Chelsea
Willmar
Aberdeen
Hutch insou
^ SHERIDAN
ijP A R K ^ , j
I,
^ U o vM on e
ii
^ L 'a k e
Hanley
Gillette
Huron
Jton\ f Iarsha1'
■^o^AE'lkton
.Moore ref t-
O f Caraa;
^Rochford
^ H illlC it y y
gS^KEYSTQN'E
lr Custer
J
^ inn eka H t a
SPRS/
Market La.^e
rauite F;
W h ile
.ochester
R iv e r
Mitchell
( idux Emails1
Armour Marion J cNXm /,
Sheldon
Casper-a
[raw ford
Niobrara1
Ainsworth
J a r s ! arid
Bordeau
herokei
Hartingtou
L ^ xvU© fl*'
Ruthven
V a le n tin e
.iyermori
A
xls°^i
Bitter Creek
v
fp a J if
? r E il « £ W /
Portage City VI1/
f r i M
X
Ys^
M o m
>. —
\Miiiu. Jc.1
c h ie n \ \Watertown„
Woy
\Janesvillo/sT.
Oehvein
Cedar
Waterloo
reepor.i
o %—
menoO
T/
Laramie
Kankakee
IL O ITR
CX
I Pa|i«a5e
!
^ f R 0l
LYONS
Longmout'^Jk
Boulder-^
Erie!
0 EN
«L A ;
A
S^L-
EW T
IT
WRUSH
y *lvMSl 9s akp pt
w.Q INCvlfifQUINC Y.
u
m F L SC . \
AL R
aeon
Stockton'
■imon
Pakle
UNION
Ivamar
.C o l o r a d o S p r y
Sheridan Lake
Pu eblo
PAC.
Mauliatta;
A bileiRy^
\ s X --y
.SedaVia
L Jp ffe ra O n C y
Scon
Great BcuiF
iCJintonfV e o fo li
Mattobuv
/M Ol
'Crosbv
S e av d s to w u
f r *
B
r
'Paris]
lestou]
[V o l . l x x v
4
ST.FftANdiS
^ =
RAILROAD SYSTEM
;cuosha,
aukeVan
\ U i/ i
rn iH
Melbourne
iR I A L
M A P OF TH E
m
M‘M a d is o n ’
SodWi/ftkes^
^ I w a O o J i l j 'J S ^ L
\ / G rover^
Ft.Collinsi1 \ Rcot.a
Provo Gy
/ i
Waukesha'
n o r t h p o r t
Green River
^gL u | |
.Belmqn
S io u
^aj-amie
P ia tt
tell ell
f 0U
W ir d fl Bonner A
Logan
La Crescent
-*VT■ LA CROSSE'
«
res ton
q S toddard
^
euo
l Viroqua
De Soto
etb,Lea
^ S t ufc&eou B
'Clinton
— 2^Green Bay
Grand Rapids.
Dexter V. Jc.
YMuuito woo- - i f f ''*
. v . Jc. ^
<
£ B erlin/
yr
AVabas hlS?^^
W ateiwille
PipefSt
Salem. ^
Scotland
°!. Montpelier
M errillon
• RedVupd Falls
v)\ St^Peter
‘
Mankatox
Lake Crystu^q^
Woonsocket
Chamberlainj
Wausau
Eland
Abbottsford
Dolau
Redfleld
rvada
_____
Chippewa Falls J iQ
iNYESTOHS, SUPPLEMENT.
Y E LLO
To m a ha w
Spooner
j Pryor /
Serijimer
Z ,a c s J
|Morris\A
Bristol
jCiunabar
Watersineet
Mellen
Little) Kail
Britton
NashyilTe
iviugston
Rntlan.
Eureka
Powdervilh
Bessemer
c
recklNuridge
fjouldenl Yoston
v alley I ]
a
^
Grand Marais
Dewey
October ,
1902, J
RAILROAD STOCKS AND BONDS.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r by g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b le s .
Bonds —Prin el IN T E R E S T O F D IV ID E N D S .
Miles D ate Size, or
pal, When Due.
Am ount
of
of
R ate per When W here Payable, and by Stocks —Last
Par
f o r explanation o f oolumn headings, &o., see notes
Road. Bonds Value. Outstanding
Payable
on first page o f tables.
Cent.
Whom.
Dividend.
R AILR O AD S.
C hicago B u r lin g to n dt Q u in cy — ( C on clu d ed ) —
B.& M o.RR. in Neb. J L ’d gr., s. f., dr. a tlO O .N B )
C o n . M$14000000 ) Exem pt, not dr\n till 1908 S
Burl. & Mo. RR. ln N e b .,s .f.fo r A t.& N .R R .stk .N B
Hannibal & 8t. Jo., consol. M , now 1st M .-F Lc*
K.C.St.J.& Coun Bl.,con. M. (Nos. 1 to 5 00 pf.)c*
1st Ms. Nod.and Tark.Val.RRs. s.f.(d r.a tl0 0 ).c*
R ep .V al.,lstM .,gu .,(dr. atlOO) s. f.,$14,000y ’ly.e
Atom &Neb., Is tM ., At. to L in .,N eb., etc., guar.c*
2d mort. on Atch. & Neb. R R . (1st M. on bridge)
L in e’n & N .W .R R .ls tM . .guar., s .f.l p .c.,n otd r’n . .
C hic, dt East. Illin o is —C om . stk. ($15,000 p. m.) PHp
Pf. st’k, $10,000,000,6 p.e.non-cum($10,000 p.m.)
C om .stocktr. ctfs .,$ )7,994,500,g.,gu.red.pari o l
Pref. do do $10,246,050, g .,g u .,re d .p a r.C o l
1st mort. (s. f. $20,000,no draw ings)...........C e .c A
D anville & Grape Creek R R .—1st M., assumed, .c*
Extension, 1st m ortgage.................................... c*
Consol, m ortgage (for $6,000,000),go ld ----- C e.c*
Collateral trust bonds, sinking fund...................o*
Gen’l consol, and 1st mort. $30,000,000..C e c&r
Chic. & Ind. Coal—1st M. $25,000 p.m.,ass’ d.M:p.c*
Evansv. T. H au te & Chic., incom e m ortgage......
Indiana B lock Coal, 1st mort., s. f., call at p ar...
C hicago dt
Stock (all held b y E r ie ).................
Is tM ., gold, int’st guar, till principal is p d ..C e.e*
Incom e bonds fo r $10,000,000 5 p. o. non-cum.N
Term inal 1st m ortgage, gold..................................
585
... .
289
248
62
90
145
....
73
....
....
....
. ..
107
7
15
127
....
391
174
49
—
249
249
(1878
(1878
1880
1881
1877
1880
1879
1878
1887
1880
.....
...
....
__
1877
1880
1881
1884
1887
1887
1886
1881
1878
1890
1890
1888
$600&o. £8,488,000
6
J. < J. Boston, Bk. o f Com’rce.
te
600 &o.
5,000,000
J. & J.
6
do
do
1,000 B 3,347,000
4
J. & J.
do
do
8,000,000
1,000
6
M. & S. N. Y . , Bk. o f No. Am erica.
100 &e.
5,000,000
7
J. & J. Boston, 2d N a t’l Bank.
1,000
356,000
J. & D.
7
do
do
600 &o. Jkl,078,000
6
J. & J. Boston, Bk. o f Com’rce.
100 &c.
M. & 8. Boston, Bk. o f Com’roe.
1,125,000
7
See text.
J. & D.
6
Boston.
1,000
600,000
7
J. & J. Boston, Co.’ s Office.
649,602 6 in 1902 J. & J. N .Y ., H a n over Nat. B ’k
100
100
2,800,587 6 in 1902 Q .-J .
do
do
100
16,620,495
4 g- J. & J. 1st div. pay’le Jan. 1,’ 03
100
6.045,169
do
do
4 g- Q .- J .
100 &e.
2,989,000
6
J. & D. N. Y „ 4th Nat. Bank.
1,000
97,000
M. & N. N. Y ., Central Trust Co.
6
1,000
91,000
6
J. & D. N. Y . , Fourth Nat. Bank.
1,000
2,788,000
8 g. A. & O. N. Y ., Central Trust Co.
1,000
42,000
do
do
6 g. F. & A.
l,000& o 13,643,000
M. & N.
5
do
do
1,000
4,626,000
5 . J. & J. N. Y ., M et. Trust Co.
1,000
150,000
M. & N. N .Y ., Farm . L. & T r. Co.
6
500 &o.
143.000
J. & J.
do
do
7
100
100.000
1,000
12,000,000
5 g. M. & N. N e w Y ork , E rie R R .
l,000& o 10,000,000
M ostly owned b y E rie RR.
300,000
5 g. J. & J. N e w Y ork , E rie RR.
July 1, 1918
Ju ly 1, 1918
Jan. 1, 1910
Moh. 1, 1911
Jan. 1, 1907
June 1, 1920
July 1, 1919
Moh. 1, 1908
Deo. 1, 1927
Jan. 1, 1910
July 2, ’02, 3
Oof. 1, ’02, l i e
July 1, 1942
Ju ly 1, 1942
Dec. 1, 1907
M ay 1, 1920
Deo. 1, 1931
Oct. 1, 1934
Feb. 1, 1912
N ov. 1, 1937
Jan. 1, 1936
M ay 1, 1920
July 1, 1908
M ay 1, 1982
Oct. 1, 1982
July, 1918
The Chicago B u rlington & Quincy sinking funds fo r the several loans resp ectively held a live June 30,1902, o f the bonds g iv en above i
ou tstan din g: O f g , $5,620,800; h , $1,931,000; h , $409,200._______________
Tha m ortga ge o f iSgg f o r $83,000,000 secures bonds dated Ju ly 1,
1899, maturing Ju ly 1,1949, and to bear in terest at not to exceed 5
per cent. Such bonds as m ay be issued bearing 3T> per cent interest
w ill be subject to call at 105 p er cent and accrued in terest and those
bearing interest at less than 3’a p. c. at par and interest on any
coupon day a fter th irty years. The Issue is lim ited to $85,000,000,
and the lien securing the bonds w ill become an absolute first m ortgage,
coverin g a ll lines east o f the M ississippi R iver, upon the p a y
m ent o f $28,924,000 consolidated m ortgage 7 per cent bonds due
Ju ly 1,1903, and of $2,320,000 Chicago & Io w a D ivision 5 per cent
bonds due Feb, l , 1905. Sufficient o f the n ew loan is reserved to take
up these $31,244,000 bonds and $37,096,000 w ere issued in 18991902. The rem ainder is available for additions, etc. See V. 68, p. 771;
abstract, V. 69, p. 283; V. 69, p. 795; V. 74, p. 1307; V. 75, p. 665.
The Io w a D iv is io n bonds are a first m ortgage on the m ain lin e in
Io w a from Burlington to East Plattsm outh on the Mo. R iver, 278 miles,
and on 122 miles o f branches; they are also a first collateral lien on 420
miles o f branches and 86 m iles o f second track. These bonds h ave a
sinking fund of U s p ercen t ($203,800) yearly, fo r which the 4s %re
su bjectto call at 100, the 5s at 105. The single main lin e and branches
covered “ shall not exceed in the aggregate 900 m iles,” at $16,000
per m ile ; on second track (o f which June 30,1902, there w ere 86
miles) m ay be issued an additional $14,000 p er mile. V. 65, p. 462.
D e n v e r E xt. bonds can be increased only fo r 2nd track at $10,000 p, m
The collateral trust N eb ra sk a extension bonds o f 1887 are issued at
$20,000 per m ile fo r single and $10,000 per m ile fo r second track on
n ot exceeding 1,500 miles, A b s t r a c t o f deed V. 45, p. 441.
B u r lin g to n dt M is s o u ri M R . i n N ebraska consol, m ortgage o f 1878 Is fo r
$14,000,000, and is n ow a 1st M. or 1st collateral lien; all except the
$5,000,000 of exempt bonds are su bjectto call fo r the sinking fund at
par, $278,600 h aving been retired in 1900. The “ e x em p t” bonds m ay
be called a fter 1908.
The 5 p e r cent debentures of 1890-92 are con vertib le $ fo r $ into stock
any tim e prior to Deo. 1,1902, except w hen books are closed. $15,614,800 had been thus converted up to June, 1902, V . 67, p. 842. See
term s o f conversion on page 5 o f the Su p p l e m e n t fo r Oct., 1896,
Ge neea l F inances .—C o m being one o f the principal articles carried
the earnings v a ry greatly according to the size o f the crop.
InM ar.,1901, stockholders subscribedfor $9,922,700 new stock at par.
L a te s t E arn in g s .—From J u l y l to A n g, 31 (2 months) earnings,
including lines controlled, w e r e :
2 m onths.
Cross.
N et.
Charges.
Balance.
1902...........................$9,791,688 $4,035,282 $1,626,000 $2,409,282
1901........................... 9,460,462
3,860,772
1,617,049
2,213,723
A n n u a l R e p o r t .—Fiscal year ends June 30. R ep ort fo r 1901-02 was
in the Ch r o n ic le , V. 75, p. 847, 857, (see also editorial, p. 823),
showing operations, including results o f the C. B. & N ., etc.
1901-02.
1900-01.
1899-00.
Miles operated June 30...........
8,194
7,912
7,661
F reigh t........................................$36,072,079 $33,662,221 $32,557,999
Passenger .............................. 12,857,267
11,624,746 10,384,408
M ail and m iscellaneous............
4,865,899
4,765,022
4,593,013
Gross earnings......................... .'$53,795,245 $50,051,989 $47,3357420
Expenses and ta xes.................. 35,682,875
34,069,908 31,422.342
N e t.......................................$18,112,370 $15,983 081 $16,113,078
Prop, o f exp. to gross earnings
(60-33)
(661 0)
(68-07)
382,195
380,797
Other incom e.........................
310,805
Total Incom e..................... $18,453,175 $16,363,*78 $16,495,273
8,566,512
Int., rent, e tc ..........................
8,370,064
8,238,471
$7,928,761
Balance............................. $10,083, 111
$8,125,407
D ividends.................................‘ 8,819.722 (6^)6,652,557
(6)5,829,678
____Surplus.............. ................ $1,263,389
$1,472,850 ' $2,099,083
* Of this. 18,s S, 110 was applied tlirecth as interest on Nor. Pac.-Great North
ern Joint bonds as a matter of convenience.
Pree’t, Geo. B, llsuris.
D j r k c t o k h .— ‘ ranc.M w . f (unnewel 1 r,f Boston; Charles w, Perkins of B u rIinsets o; K. } l . Harrinian, Jacob If. NChlfT, George J. Gould, H . M cK. Tw om b ly
and Robert lia nn of N e w V ' rk: .Jantes ,1. Hit) and James N . H ill Of 8t. Paul,
J . Male id b < rhe* of Ronton and Norman B. it' am of Chicago*
— (V. 75, p. 28, 183, 3 4 0 , 393, 665. 793, 8 1 7 , 85 7.)
C h ic a g o B u r l i n g t o n tk Q u i n c y I t a i l v v u y , —Leases the (Milo.
Burl. A Q U u u ro o d eyttf in fo r 999 years from October, 1901, at 7
per cent on its stock. In corporated in Io w a on Oct. 16, 1901. V. 73,
p. 842, 207. 9’ e C. li A Q. R a ilr o a d above find Northf rn Securities
Item. V, 73, p. 1357. Stock authorized. $ 100,000,000.
rMreotor*. - tfiv rge *. ITnrrhi, f’ re»b’ ent; ChnrleK. Perkins, John *, Kennedy,
•ftnil*h A H I JI, W <1 cn 1# Ch»ugh, Ofjorgt- W* PfirKinw. 1 . II. Marrlrrmn, M, L .
f
1
9
•SchifT W i.i hum If. McIntyre and .7 rue# Stillman.— V, 7H p. 812, 8M), I'M /.)
a
{
,
t h l c a g o A K n s t e r n I l l i n o i s It I t . —thee M a p .) Operates road
(double track to D anville Jot., 106 miles) from Chicago, lib, to T erre
H ants, Ind., and bituminous coal fields; also to Thebes and Joj 'pa, 1 1 1 .
L in e s owned in fee.
M iles.
7
Coal Bluff, Ind., to Casey, nd.
Dolton to D anville, Til ...... 107
Branches to Coal M in es...
15
Danville, 111,.to Brazil, (m l.... 61 Double track......................
tU )
Mommies Jo..HI ,to B ra zil,(n d .130 Bide tracks........................
3gi
Danville Jo., 111., to Thebes, 111.277
Joppa Jet to Joppa, 111...... .
16
Trackage, etc.
Clsena .Jo. to Oissna Park, ill. n
Chicago to Dolton, Ch.AW.Inti. 17
RosHVllle Jo. to Bidell Jo., 111.. 34 O tter Creek June, to Terre I I ..
6
Percy Jet. to La Crosse, Ind ., 46
M ilford Jc.,111.,to Freeland,Ind 11
T otal operated July, 1902___738
H is t o r y , L eases , &c.—
-Reorganized under existing title in 1877,
In Nov., 1887, consolidated with tw o other go’ s (V. 46, p. 135), and
on June 6, 1894, with Chicago & Indiana Coal RE. V. 58, p. 987;
also V. 48, p. 334. Also owns $1,000,000 stock of CMc. & Western
Indiana—having all the local traffic of the latter road from Dolton
Into Chicago. In 1902 the traffic contract made in 1890 w ith th©
Evansville & Terre Haute for the operation of a through line between
Chicago and Evansville was still in force. (V. 55, p. 995.) In Mar.,’97,
the Chic. Paducah & Memphis, 100 miles, was purchased. In Deo.,
1899, merged the controlled companies, the Evansville Terre Haute A
Chicago and the Indiana Block Coal RR. V. 71, p. 389. A n extension,
from Marion, 111,, to Thebes, 63 miles, connecting with the St. Louis
Southwestern, was completed in Jan., 1900. Y. 68, p. 231; V. 68, p,
771, V. 73, p.660.
In July, 1902, the Southern Hi. & Missouri Bridge Co. had pet con
tracts in the interest of the C. & E. III. for a bridge across the
Mississippi River, at or m ar Thebes, at an estimated cost of $1,509,000 or *2,000,000, connecting with St. Louis Southwestern a direct
line to Texas points. V. 71, p. 1219; Y. 74, p. 936.
Ca p it a l Sto c k .—The oom m oi stock ($15,000,000 authorised) Is en
titled to all surplus after 6 per cent on the preferred stock. In addition
to the amounts outstanding in the table, $5,250,600 jjommon and
$1,135,000 pref. were held In the company’s treasury in July, 1902.
In Aug., 1902, the St. Louis & San Francisco RR, gave in exchange
for tha common stock its stock trust certificates at the rate of $250
thereof for each $100 share and for th© preferred stock its trust cer
tificates at the rate of $150 for each $100 share. Y . 75, p, 289. In
October, 1902, about 91 p. c. of the common and 59 p. e. of the pre
ferred had been exchanged on this basis. The St. Louis & San
Fran, hat* the option, to retire the trust certificates at any time at par
and obligates itself to pay off the entire issue in 40 years from date,
meanwhile obligating itself to pay 4 p. e. dividends. Upon failure to
pay any dividend within 30 days after demand therefor, any lio der
may surrender the certificates to the trustee aadrecelve the shares rep
resented thereby. See also V. 75, p. 289, 393.
D iv id e n d s — ) ’ 88. ’ 89. ’90. ’91. ’92-!,7. '98. >99. ’00. *01. 1902,
On pref., p. c___>7Lj
6 6 stk. 4^3 6 yrly
6
6
6
6
6
Common, p. c.... J 0
0
00 0
2.H 3*2 4
ohs 6
B onds .—Tne general consol, and 1st mortgage of 1887 (trustee. Cen
tral 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 track
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. consol, bonas was
limited to $30,000,000 and bonds were reserved for Chicago < »
§
Indiana Coal firsts.Bee V. 64, p.
1088. The gen.consols are
a fir s t mortgage
on391
miles of
road, including
the
line from Roseville via
Sidell to Thebes,
e tc .; also
on
equipment valued at $3,119,000, and upon real estate in Chicago cost
ing over $1,200,000. They also cover 106 miles of double track from
Danville to Dolton, 111., and rest of property subject to prior liens.
G e n e r a l F inances .—This company owns most o f the capital stock
of the Brazil Block Coal Co., and oarries all its coal. I t carries also
the coal of the Danville, Clinton and Williamson county fields. On
July 1, 1902, Chicago P. & M. car trust notes, $74,392.
E arning s .—F or 2 months, July 1 to Aug. 31:
2 mos. Cross.
Net.
Other inc.
In t., die.
B al.,surp.
1902....$1,107,373
$488,560
$64,851
$272,626
$280,785
1901 ...
995,379
447,846
49,634
265,233
232,247
a n n u a l R e po r t .—Fiscal year ends June 30. Annual meeting is held
In Chicago on the first Wednesday in June. The annual report for
1901-02 was In V. 75, p. 392. The company receives low rates for
lie freight, the rate x>er ton per mile being 0 459 ota. in 1901-02.
Tear end. June 30.
1902.
1901.
1900.
1899.
Miles operat. June 30 738
727
711
648
Gross earnings........ $0,277,494 $5,659,446 $5,148,897 $4,681,500
-----------3,471,294 3,063,627 -2,712,920
- -Oper. exp. & ta x e s ... 3,(199,732
N et e a rn in g s......... $2,677,702 $2,188,152 $2,085,270 $1,868,040
P. c. op. ex. to earns..
(58 93)
(01-54)
(59*50)
(59-22)
Net (iuol.oth. incom e).$2,820,909 $2,407,215 $2,300,150 $2,065,329
1,066,399
Interest p a id ............. 1,245,889
1,201,671
1,120,139
231,567
137,578
183,648
R en ta ls......................
132,138
Dlv. on pref. stock. .(6) 409,842 (6) 379,842 (6) 349,842 (6) 349,842
Dlv. on coin, sto ck ...(0 ) 431,868(5*11)370,879 (4^)278,1)01 (3%)216.923
Constr’ n , deproc’n,eto.__607,172
317,245
129,205
100,000
Balance.....................
.. .
...
........... sr, $232,421 sr.$lG0,598
O v in e !■itH
.
Chairman, IT. II. Porter, New York; President, M. .1. Oarpeuter, Chicago; Vice-President, O. 8. Lyford, Chicago; Treasurer, O.
W. H illard, Chicago; Boo,; A. M. smith, 355 Dearborn street Chicago,
Directors.- A. K. h lower. II. If. Perl or, II. M. Urn*. II. HelberL (J. S Brewster,
V. B. Flower, Now York: (I. If. Hull, Boslon: 0 .3 . Lyford, O. VV. I Ullu.nl, M. J ,
<'(irjDjnl i t . f'[ i Jcfij/d ; J . U . IQn^llnb, l)nnvill'\ III.
(V. 74, x . 1354; V. 75, p. 28, 239, 280, 3 0 2 , ,393, 540, Oi l, 73?.)
>
C l i l r n g o A K r l e It I t . —(See M an Erie, l i l t . ) Owns from Marlon, O.,
to Hammond, ind., 249 miles, and leases trackage over Chicago A
West. Indlaoa to Chicago, 20 miles. Practically merged In Erie. HR Co.
BONDS.—The first, mortgage, (trustees Central Trust Oo. and Edward
Daniels) covers 249 miles o f road, the contract with the Chicago <
i*
Western Indiana, $1,000,000 o f that company's stock and $249,000
stock of Chicago Belt Uy. Boo abstracts V. 51, j), 911, V. 61, p. 750.
34
INVESTO R S’
C H IC A G O
EASTERN
| Vox,. LXXV.
SUPPLEMENT.
&
DOLTON
IL L IN O IS
Shabbona;
M ENCE
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Reduced Scale.
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McLeansboro
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Shaded Portion Shows Coal Territory.
S. Columbus
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Campbell
P ig g o tL
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Erin
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R A ILR O A D STOCKS A N D
October , 1902.J
BONDS
35
CHICAGO GREAT WESTERN
lalumet;
^D e troit C y
layfield
N. P.'Junc
IHarquei
L A n se
Ashland June
"Wadena Jc.
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Cambridge
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W estboro
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Wausau
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Chippewa Falls,
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blastings
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C
Jreafcon
Sayanna
OFTewb
AteJ’i nn el ^<7^— ^
\ -------- Mar eng <
o X o t.&r
AC..Jc.
7
zA lajlont'ezuma /
\. IN evKOiar o n /
VALERI
trnrn ri
Li.on
^ ^ ^ ? aCedar Ra
MELBOURN.
i’. Gilmore
IVi/m
Matt
Gibson
banvpn'iffi^
mYESTORS’ SUPPLEMENT
36
[Vou
LXXY.
bonds —prin ci
IN T E R E S T OR D IV ID E N D S .
Miles Date Size, or
pal,When D ae.
Amount
Par
of
of
F o r explanation o f column headings, &c., see notes
Outstanding R ate per When Where Payable, and by Stocks —Last
Whom.
Road. Bonds Value.
Cent. Payable
Dividend.
on first page o f tables.
R A IL R O A D S .
Ohicago & Or. Trunk—See G r . T r u n k W e st . Ry.
Chicago G reat Western—
$100 $27,027,000
4 g. J. & J. London,R.Benson & Co. July 15/02,2%
3,489 No int/Rt,
100
11,372,400 5 in 1902 J. & J. London, R.Benson & Co. July 31/02,2 i«
100
9,463,090 5 None >
100
23,406/ 00 * paid. S
1,124,242
London.
1898 Various
1903
5 g- Semi-an
1899 Various
1904
808,333
5 g. Semi-an London or N ew York.
Deb. stock, cum., g., $30,000,000, div. in cash, g.
Debenture scrip (not Interest-bearing).................
P referred stock A , $15,000,000, 5 per cent, gold.
P ref. stock B, 4 per cent $10,000,000...................
Common stock, $30,000,000................................
Sterling 5-year notes 5s o f 1898 (no m o rtg a g e )..
Sterling 5-year notes 5s o f 1899 (no m ortgage)..
Ohio. Hammond < West’n—See Ch ic . J unction R y
£
Chicago & Indiana Coal—See Ch ic . & E astern I I
Chic. Ind. < East.—1st M., g , red. 115 (tex t).IV .c*
£
Chicago In d la n a p . & L o u is v ille —Com. stock...
LINOI8
43
Preferred, 4 per cent, non-cum., $5,000,000........
L.N.A.&C., 1st Main Lin e.—N. A. to Mich. City..c* 289
1st M., Chic. & Ind. D iv., Chic, to Ind., golcL.c* 162
C. I. & L. refunding mort., $10,300,000, gold..C e 509
509
Do
gold 6s, issued fo r old consols..............
P erry Mathews Buskirk Stone Co., 1st M., gu a r..
Con.StoneCo.1st M.,$250,000,g.,gu.,p.&i.red. text
Indiana Stone RR. 1st M., guar............................
Ohicago Junction —Common stock..........................
Chic. Ham. & West., Is tM ., $2,500,000, g ...c * * r 27*48
Chi. M iltc . & St. P a u l —Common stock (See te x t)
P referred stock7 per cent yearly, not cum ulative.
M ilwaukee & St. Paul loans—
H astings & Dakota 1st M., conv. into pref. st’k
"83
Chic. & Mil. 1st mort. (conv. into pref. stock). .c*
Chicago M ilw aukee & St. Pau l loans—
P rio r lien oonsols, convertible into p r e f ......... 1,435
Consol, mort., conv. into pref. stock......... F .c * L,435
335
I. & D. E xt. 1st M.. convert, into p r e f...... F .c *
S. W. D iv. 1st m ortgage W estern Union R R..O * 212
1902
1880
1881
1897
1897
1898
1900
1897
1,000
501.000
5 g100
10,500,000
100
5,000,000 4 in 1901
1,000
3,000,000
6
1,000
2,300,000
6 g.
1,000
3,842,000
5 g.
1,000
4,700,000
6 g.
1,000
50,000
6 g.
1.000
168,000
6 g1,000 In treasury.
5 g100
2,200,000 A ll owne
500 <fcc.
2,090,000
6 g
100
58,183,900 7 in 1902
100
46,682,400
7
M. & N. N. Y „ N. Y . Sec. < Tr.
fe
N. Y ., J. P. M organ & Co.
do
do
A. & O.
do
do
J. & J.
do
do
F. & A.
do
do
J. & J.
do
do
J. & J.
Am. Tr. & Sav.Bk.,Chio
F. & A.
do
do
M & N.
N ew York.
M. & 8.
d by Ch. J. Ry. & Un. Stk. Yds.
J. & J. N. Y ., Cent’l Trust Co.
A . & O. N .Y . Office,30 Broad St.
do
do
A. & 0.
M ay 1, 1942
M ay 29,’02,1%
Apr. 29/02,2%
July 1, 1910
Aug. 1, 1911
July 1, 1947
July 1, 1947
Feb. 1, 1908
M ay 1, 1920
Sept. 1, 1948
V. 68, p. 326.
Jan. 1. 1927
Oct. 28/02, 4%
Oct. 28/02, 319
1872
1873
1,000
11,000
192,000
7
7
J. & J. N .Y. .Office,30 Broad St. Jan. 1, 1903
do
do
Jan. 1, 1903
J. & J.
1874
1875
1878
1879
1,000
1,000
1,000
1,000
53,000
2,606,000
1,226,000
4,000,000
7
7
7
6
J.
J.
J.
J.
C h i c a g o & G r a n d T r u n l t R y , —See Grand T runk W estern Ry
C h ic a g o G r e a t W e s t e r n R y . — ( See M a p .)—R o a d .—Operates the
“ M aple L e a f” route, radiatin g from Oelwein, la ., northerly to St. Paul,
easterly to Chicago and southerly to Kansas C ity, and em bracing :
L in e s Owned M iles.
Trackage, etc.
M iles.
Ohio. St. P. & Kan. C ity Ry.—
St. Pau l to M in n eap olis.......... 11
Chicago to St. Paul, Minn.,
Chicago term inals (V.71, p. 442) 10
and St. Joseph, M o ............ 691 Dubuque to A ik e n .................... 14
Branches to H ayfield, e tc ___ 132 Des Moines term inals..............
3
B ee Creek to B everly (no b d s.). 23 Lea ven w orth to Kansas C ity .. 46
Operated u n d e r agreem ent —
H which see.
Mason C ity & F o rt D o d ge___1T104
Wisconsin Minn. & Pa cific_ 1T246
_
T o ta l o p e ra te d ..................930
A s to n ew m ileage and sale in 1902 o f tw o branches (91 miles) to
the Mason City & F o rt Dodge RR., see F inances below.
H is t o r y .—The Chicago St. Paul & Kansas C ity was organized in
M ay, 1886, and in December, 1887, merged w ith Minnesota & North
western. In August, 1892, reorganized per plan, Vol. 55, p. 856. Each
$1,000 o f Minn. & N. W. and Chi. St. P. & K . C. first mort. bonds was
given $500 debenture stock and $600 pref. “ A ” stock.
On Sept. 7,1893, the G reat W estern acquired by deed the title o f the
Chicago St. Paul & Kansas C itv Ry. (815*67 miles). In June, 1902,
the old m ortgages w ere satisfied o f record. V. 74, p. 726. A s to 7 year
contracts made in 1902 w ith packing companies, see V. 75, p. 341.
Se c u r itie s .—The holders o f d ebenture and p r e fe rre d A stock ap
point the finance comm ittee, which exercises general supervision of
finances. A ddition al securities o f said issues can be put out, but only
w ith consent o f a m ajority o f both said classes o f stock present at a m eet
ing. Securities o f other issues h aving a lien p rior to preferred A can be
created, but only w ith consent o f two-thirds o f both classes. The sev
eral classes In case o f liquidation w ill have principal paid in gold, ac
cording to their-priority righ t to dividends. A t extraordin ary general
m eetings o f holders o f debenture stock and p referred A stock collect
iv e ly , holders o f one-tenth o f said stocks outstanding, present or rep
resented, constitute a quorum and b y a m ajority vo te h ave p ow er to
sanction any m odification o f the rights o f said stocks. The provisions
o f the several classes o f stock w ere fu lly set forth in the editorial
article o f the Su pp le m e n t fo r October, 1897; see also V. 71, p. 441.
In 1898 the authorized issue o f 4 p. c. debenture stock was in
creased from $15,000,000 to $30,000,000 fo r future refunding and im
provem ents. See General Finances below. V. 66, p. 133, 663,1088.
D iv id e n d s .—On pref. “ A ” paid Jan.,1899, 2p.c.; in July, 1899 2p. o.;
in 1900, 5 p. o.; in 1901, 5 p. c ; 1902, 5 p. c.
F inances .—On March 17, 1902, $3,437,000 additional debenture
stock was authorized to be issued, o f which $3,073,000 for capital expenditures in 1902; also the sale o f tw o branches from Hayfield, Minn,,
to M anly Jet., Ia., 49 miles, and from W averly, la., to Hampton, 42
miles, to the Mason City & F o rt Dodge RR. fo r $1,386,000 of the first
m ortgage 4 per cent gold oonds o f the latter. These bonds w ill then be
sold and the proceeds used to construct 64 miles o f second track be
tw een Oelwein and Chicago, to be completed in 1903. V. 74, p. 726; V.
7o, p. 559, 665.
B y im provem ents o f the permanent w ay, etc., operating expenses
w ere reduced in 1901-1902 to 69*99 per cent o f earnings, against 68-88
p. c. in 1900-01; 70-13 in 1897-8 and 77*47 in 1894-5. V. 71, p. 441.
E a rly in 1901 Verm ilyo & Co. became the fiscal agents o f the com
pany, their Mr. Read entering the directory. See V. 72, p, 580.
In A pr., 1901, a syndicate acquired all the stock and bonds o f the
Mason City & F o rt D odge RR., Mason C ity to F o rt Dodge, la ., 92 miles,
the purchase including coal fields near Ft. Dodge, and arranged to
extend the road from M anly Junction to Mason City, 12 miles,
and Hampton to Clarion, 30 m. (both com pleted), to connect with
the C. Gt. W , and also to buRd southwesterly to Omaha, and
w esterly to Sioux City, a total o f about 250 miles. In March, 1902,
It was arranged to transfer to the Mason C ity and F o rt Dodge tw o
branches, aggregatin g 91 miles (see above), which w ill extend the lines
o f the Mason C ity & Ft. D. easterly to the 0. G. W. main line.
W isconsin Minnesota & Pacific RR., Red W ing, Minn., to Mankato,
94 miles, also purchased Duluth Red W in g & So. and the W inona &
W estern, m aking 246 miles then owned, and arranged to build a 27m ile connecting link. Both o f the roads are operated for 100 years
under agreements dated Apr. 1,1901. the Chic. Gt. West, to reoeive
th eir entire net earnings above interest on bonds and own their entire
stocks—V. 73, p. 566, 722. The company in 1902 issued $2,060,095
common stock on account o f acquisitions named above. V , 74, p. 93.
E arn in g s .—2 m os.,) 1902-3............ Gross, $1,202,583; net, $303,111
Ju ly 1 to A u g. 31. 5 1 9 0 1 -2 ...........Gross, 1,344,240; net, 420,491
A n n u a l R e po r t .—R ep ort fo r 1901-02 in V. 75, p. 547, 558; see also
editorial, p. 521.
1902.
1901.
1900.
1899.
T e a r e n d in g J u n e 30.
$
$
$
$
Gross earnings,................... 7,549,689 7,013,861 6,721,037 5,867,739
N e t incom e........ ............... 2,060,230 1,978,346 2,026,814 1,720,224
Rentals (incl. equipment). 390,815
440,604
463,930
450,177
In terest paid........ 147,999
188,973
272,255
299,120
In t.in cash on 4% deb. stk. 925,207 780.610
568,650
498,002
D iv. on pref.stock ‘ ‘A ” .(5%)568,620 (5)568,620 (5)569,620 (4)454,896
M iscellaneous...................
6,568
8,645 _ _ 9,574
8,873
Balance..................... sur. 21,021 def. 9,106
143,785
9,156
&
&
&
&
J.
J.
J.
J.
do
do
do
do
*
do
do
do
do
Jan.
July
July
July
1,
1,
1,
1,
1904
1905
1908
1909
Of f ic e r s .—A. B. Stiokney, President, St. Paul, Minn.; Treasurer,
C. O. Kalm an, St. Paul; Auditor, W. B. Bend, St. Paul; Secretary, R.
C. W ight, St. Paul, Minn.
Directors—A . B. Stlekney, A . Oppenheim, S. C. Sticknev. F . Weyerhaeuser. J .
W . Lusk, H . E. Fletcher, T . H . Wheeler, W illiam A . Read. R. C. W ight. New
York office, 31 Nassau St.— (V . 74, p. 1037; V . 75. p. 341, 547, 5 > 8 , 611, 665.)
C h ic a g o H a m m o n d . Sc W . R R . —See Ch ic a g o J u n c t io n R y .
C h ic a g o I n d i a n a & E a s t e r n R y . —Owns Converse, Ind., to
Munoie, 43 miles, o f which Matthews to Muncie, 15 miles, completed
in Deo., 1900. In Oct., 1902, extension under construction from
Munoie to Richmond, 36 miles. Projected from Chioago, 111., to Co
lumbus, O., and from Richmond, Ind., to Cincinnati, O.
Stock was increased in Oct., 1902, from $425,000 to $1,000,000. Of
She bonds ($1,000,000 authorized) $500,000 are reserved fo r future
requirements. A sinking fund, beginning 1907, w ill retire bonds
yearly. In year ending M ar 31. 1902, gross earnings, $98,238 ; net
o ver taxes, $36,752 Pres., Paul Brown, 100 Washington 8t., Chicago,
111.; Sec., J. H. M iller; Gen. Mgr., H. E. Drew. Office, Matthews, In d.—
V. 74, p. 986; V. 75, p. 848.)
C h ic a g o I n d i a n a p o l i s & L o u i s v i l l e R y . - (S e e M a p .)—o p e r
ates the “ Monon Route” from Chioago, III., viaM onon , Ind., to In d ia n
apolis, fnd., and L ouisville, K y ., w ith branches.
The system includes:
Oper. u n d e r con tra ct —
M iles.
L in e s owned —
M iles.
Indiana State Lin e to In dlan ap .162 Chicago to Ind. State L in e ...... 20
N ew A lbany to L o u is ville........
5
New A lban y to Michigan City .289
2
Bedford to Switz C ity .............. 40 Connection in Indianapolis___
Orleans to Fr. L ick Springs___ 18 C learC reektoH arrodsb’g ,In d . 10
Total o f a ll............................................................................................. 546
A lease fo r 999 years w ith Chicago & W estern Indiana (of whose stock
this co. owns $1,000,000) gives entrance to Chioago on a m ileage basis.
Owns one-third interest in Kentucky & Indiana Bridge, having bridge
at Louisville, K y. V. 71. p. 599. Extension from Indianapolis to
Linten, 85 miles, is to be b u ilt in the spring o f 1903.
H is t o r y .—Successor Ju ly 1,1897, o f the L o u isville N e w A lb a n y &
Chicago R y., foreclosed per p l a n in V. 63, p. 922.
In July, 1900, the le g a lity o f the foreclosure was sustained; appeal
taken to U. S. Circuit Court o f Appeals.—V. 70, p. 636; V. 71, p. 83,
599, 1119; V. 73, p. 611. Y . 74, p. 1250.
D iv id e n d s .—On Dref., Mar. 30.1899, 1 p o.; In 1900, Oct. 15. 2 p. o.;
in 1901, A pr., 2 p. o.; Oct., 2 p. c.; in 1902, Apr., 2 p. c. F irst dividend
on common, 1 p. o., payable M ay 29,1902. V. 74, p, 775.
B o n d s .—R e f u n d in g m ortgage covers road, equipment, eto. (including
$1,000,000 stock o f Cb. & W. In d and $240,000 stock o f the Belt
Ry. of Chioago) ; total authorized issue is $15,000,000, o f wbioh
reserved to take up existing divisional bonds at m aturity, $5,300,000;
to be issued only fo r betterments and equipment, not to exceed $300,000 in any one year, $2,091,000, o f the la tter o f wkioh $933,000 had
been issued to June 30, 1902. O f the Consolidated Stone bonds
($250,000 authorized issue) $25,000 are subject to call yearly, Jan.,
1903 to 1906, inclusive, and the balance Jan. 1, 1907.— Y. 73, p. 41.
Car trust notes, $16,085, paid off sinoe June 30,1901,
F in a n c e s .—See statem ent to N. Y . Stock Exchange in July, 1897.
V. 65, p. 194.
In Aug.. 1902, the L ou isville & N ash ville and Southern Ry. had ac
quired 9 2 ^ p. o. o f $ (.0.5oO,000 common and 72 p. c. o f $5,000,000 pre
ferred stock, on the basis o f $78 and $90 per $100 shar -, respectively,
in thetr jo in t 50 year 4 per cent collateral trust gold bonds at par, se
cured by the stock aoqnlred, six-tenths o f Ui i purohase price being
payable optionally iu cash. See description of bonds un ie r L ou isville
& N ashville. V .74, p. 1088, 1133; V. 75, p. 28.
E a r n in g s .—2 mos.,
/1902 ........... Gross, $849,517; net, $351,440
July 1 to Aug. 31.
51901....... ...G ross, 812,311; net, 332,305
A n n u a l Re p o r t .—In V. 75, p. 729, show ed:
tt
Y e a r end. J u n e 30— 1901-02.
1900-01.
1899-00.
1898-99.
Gross earnings............ $4,581,158 $4,150,470 $4,177,888 $3,501,120
Nat earnings.............. 1,728,024 1,496,923
1,549,683
1,146,170
Dividends re c e iv e d ...
129,448
135,776
109,787
86,687
T o ta l net inoome. $1,857,472 $1,632,704 $1,659,470 $1,232,857
In terest on bonds...... $772,100
$771,294
$761,950
$752,700
Rentals, eto...............
199,197
208,636
210,839
205,409
T o ta l....................
$971,297
$979,930 $972,789
$958,109
Surplus.....................
$886,175
$652,774 $636,681
$274,748
D iv. o f 1 p. o. ($50,000) ou pref. was paid Mar. 30, 1899, and sem i
annual div. o f 2 p. o. ($100,000) in Oct., 1900; 2 p. o. ($100,000) Apr.,
1901. and 2 p. o. ($100,000) Oot , 1901; 2 p. o. ($100,000). Apr., 1902
and 2 p o ($100,000), Oct., 1902; on common, 1 p. , paid M ay, 1902.
O f f ic e r s .—P resident and General Manager, W. H. McDoel, Chicago;
Treasurer, W. H. Lew is, 193 Custom House Place, Chicago; Secretary
J. A. H ilton, 80 Broadway, N e w York.
c
D irectors—Samuel Thomas, A . J. Thom as, E . R. Thomas, Amos T . French
Charles Steele. R. M. GallawaY, H . M. W ork New York; W. H . McDoel, G. B
Sha y , Chicago; J . Murdock. Laf^vette, Ind.; Volney T . Mallott, Indianapolis
— (V . 74, p. 1087, 10 S, 1138, 1250; V . 76, p. 28, 239, .>93, 497, 011, 7 2 » , 73 .
C h i c a g o J u n c t i o n R a i l w a y . —Owns and operates a belt line
around Chicago from W hiting, Ind., to Franklin Park, 111., from Chap-
O c t o b e r , 1902.J
R A ILR O A D
STOCKS
AND
37
BONDS,
Jones IT.
Monroe
Adrian *
tvers
Cassopolis
Hudsoj
Fayette
akhart
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BALT.
iriogsboro
WaimtaJj
M ilford
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Wanatah
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Latty
Findlav
F A IR OAK;
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Forest
p V lO N O V j
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\ Chalmers J
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Oakland
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Russell vIIL
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CHICAGO,
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October,
1902.1
RAILKOAD STOCKS AND BONDS,
!IO
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r by g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d i n th e s e T a b le i
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,When Due.
A m ount
When W here P ayable, and by Slocks— Last
of
Rate
of
Par
For explanation o f column headings, &c., see notes
Outstanding
Whom.
Road. Bonds. Value.
P er cent. P ayable
Dividend.
on first page o f tables.
R A IL R O A D S .
C h ic a g o M ilw a u k e e A fit. P a u l — (O o n c l’d ) —
8o. Minnesota Div. 1st m ortgage............... F .o *
Mineral P o in t Division 1st m ortgage........F .o *
H ast.&Dak. D iv.,ext.,1st M. ($900,000 5s).F.o*
Lacrosse & Dav. D iv. 1st m ortgage...........F .o*
W i 80.Val.RR . Co. IstM ., Tomah to M errill, Wis.o
Wis. Val. D iv. 1st M. s. f., not (iffn ...... N B .c *
Dub. Div. 1st M., s. f., not dr’ n .............. N B .c *
Ohio. & Pao. Div. 1st M. (Ch. to K ittre d g e ).F .c *
do W est’n Div. 1st mort., (see tex t) g old.F .o*
Chio. & Lake Superior D iv. 1st mort., gold.F.o*
Wis. & Minn. D iv. 1st m ortgage, gold. F ...........
Fargo & Southern 1st m ort.,gold, assumed.........
Ch. Mil. & St. P. Term inal m ortgage, g o ld .. .F .o *
Dakota & Great Southern 1st m ortgage, g o ld .. F
Ohio & Missouri R iv e r D iv. 1st m ortgage— F . o ’
Gen. . M (fo r $150,000,000), gold Ser. A ..U s.c *& r
do
do
“ B ” (J^s............................ e*
M ilw. & North’n 1st m ort., Sohwarz.to Gr. Bay..c*
Consolidated m o rtg ag e................................... o*
C h ic a g o & N o r t h W e s te rn —Common sto c k ...T r
P referred stock (not cum ulative) see t e x t ___ T r
Ch. & N. W. con. s.f. M. ($12,900,000), not dr F .o ’
Cedar Rapids & Missouri R iv .— 1st mort. 3d Div.
M. o f 1884, Ced. Rapids to Des Moines R iv e r ..
Madison ext. 1st M., g. (s.f. $23,000,not (ir’n ).F
Menominee ext. 1 st M ., g. (s. f. $20,000, not dri F
Northw. Union 1 s tM., g., M il.to Fond-du-Lae.F
419
133
395
185
107
161
351
120
1,117
68
230
119
....
159
77
5,722
5,722
126
362
4,273
4,273
788
150
122
129
114
62
1880
1880
1880
1879
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1889
1880
1884
....
... .
1865
1866
1884
1871
1871
1872
$1,000
$7,432,000
6
2,840,000
1,000
5
6,670,000
5& 7
1,000
2,500,000
1,000
5
500
1,106,500
7
1,000
2,179,000
6
1,000
6,007,000
6
1,000
3,000,000
6
1,000
25,340,000
5 g.
1,000
1,360,000
5 g.
1,000
4,755,000
5 g.
1,000
1,250,000
6 g.
1,000
4,748,000
5 g1,000
2,856,000
5 g1,000
3,083.000
5
1,000 a24,000,000
4 g.
1,000 al0,263,000
313 g.
1,000
2,155,000
6
1,000
5,092.000
6
100 39,114,678 7 in 1902
100 22,395.120 8*4 in ’02
1,000
12,832,000
7
500 &c.
2,332,000
7
769,000
7
500 &o. b 2,977,500
7 g.
500 &o. c 2,546,500
7 g.
500 &c. d 3,365,000
7 g.
J.
J.
J
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
Q
Q
M.
J.
A.
J.
M.
&
&
&
&
&
&
&
&
&
&
&
&
J. N .Y.,O ffice,30 Broad St. Jan. 1, 1910
J.
do
do
July 1, 1910
J.
do
do
Jan. 1, 1910
do
do
J.
July 1, 1919
J. Boston, L ee Higginson. Jan. 1, 1909
J. N .Y . Office, 30Broad St. July 1, 1920
do
do
J.
July 1, 1920
do
do
J.
Jan. 1, 1910
do
do
J.
Jan. 1, 1921
do
do
J.
July 1, 1921
do
do
J.
July 1, 1921
do
do
J.
Jan. 1, 1924
& J.
do
do
July 1, 1914
& J.
do
do
Jan. 1, 1916
do
do
& J.
Ju ly 1, 1926
do
do
M ay 1, 1989
IT
do
do
M ay 1, 1989
& D. N .Y ., Ch.Mil.& S t.P.Ry. June 1, 1910
do
do
& D.
June 1, 1913
& J. N .Y.,C o.’ s Office,52 W all .July 1 ,’02, 4%
-J .
do
do
Oct. 1, ’02 2%
—F.
do
do
Feb. 1, 1915
& N.
do
do
M ay 1, 1916
& D.
do
do
June 1, 1909
do
do
Apr. 1, 1911
& O.
& D.
do
do
June 1, 1911
& 8.
do
do
June 1, 1917
a In clu din g July, 1902, $3,922,000 in treasury and n ot list ed, see text.
$ Coupon interest J&J; registered Q-J.
pell,111., to IT S.Yards, and In the U nion Stock Ya rd s district connects
with industries and all divergin g roads. Total m ileage operated, 74 93
m., of wnich Chic. June Ry. owns 27'48, the balance bein g operated
under lease, trackage rights and other agreements.
Or g a n iz a t io n .—Form ed in March, 1898, as a consolidation o f the
Chicago Ham m ond & W estern and Chicago & Indiana State L in e in
the interest of the Chicago Junction Rys. & U nion Stocks Y a rd s Co.
B o n d s .—F irst m ortgage o f C. H . & W . is fo r $2,500,000 (trustee, E.
Francis Hyde, N. Y .). Y . 64, p. 287.
E a r n in g s .—F or ye a r ending June 30,1902, gross, $1,898,868 ; net,
$770,705; taxes, $17,849; charges, $552,541; dividends (6 p. c.),
$132,000; surplus, $78,124.— (V. 67, p. 1262; V .68 ,p . 3 2 6 ).
t/ lile a go K a l a m a z o o & S a g i n a w R y . —Owns 45 miles, K a la '
mazoo to W oodbury, in operation.
In January, 1900, $450,000
stock was outstanding. The first m ortgage is fo r $225,000 to Union
Trust Co. of D etroit, as tru stee; bonds a ll in treasu ry; bills payable
Jan. 1,1900, $531,425. In 1899, gross, $72,567; net, $19,904. O per
ated b y Kalam azoo & Hastings Construction Co. President, E. W ood
bury; Treas. and Secy. H. C. Potter, Kalam azoo, Mich.—(Y . 61, p. 1063.)
C h i c a g o L a b e S h o r e & E a s t e r n R y . —Em braces 159-04 m iles
of track, connecting the various w orks o f the Illin o is Steel Company at
Chicago, Joliet and M ilw aukee w ith d ive rgin g trunk lines, and also
w ith steamship lines, stone quarries, industrial establishments, etc.;
also b y trackage rights o ver 149-54 miles of roads reaches the coal
fields o f Illin ois and Indiana and Joliet, 111., h andling betw een South
Chicago and these points a la rg e traffic fo r the Illin o is Steel Co. The
stock, $600,000, and the bonded debt ($3,230,000) are ow ned b y the
Federal Steel Co., and thus controlled by U nited States Steel Corp,
Equipment, Dec. 31,1899 : Locom otives, 54; fre ig h t cars, 3,077;
cabooses, 11; steam w recker, 1.— (V. 64, p, 422; Y , 67, p. 428, 483).
On June 30,1902, the fo llo w in g amounts o f general m ortgage bonds
had been issued or w ere reserved fo r the purpose indicated, v iz ;—
A m ou nt in the hands o f the public .................................
$30,341,000
In treasury o f the com pany (unsold) see b e lo w .............
3,927,000
Tot al reported by the com pany as outstanding........
$34,263,000
Resort ed fo r p rior liens....................................................
$87,788,500
A va ila b le or even tu ally to becom e available fo r im -1
provem ents there being included in this amount the (
„ „ q .o K0r>
bonds o rigir ally reserved fo r p rior liens, which have | x/,uu»,ouu
since been converted into pref. and common stock___ J
T o ta l authorized........................................................... $150,000,000
The $34,263,000 outstanding include $6,000,000 issued to pay fo r
178 miles o f sundry sm all branches on w hich the general m ortgage is
a first lien, and to retire the $2,500,000 first m ortgage bonds o f
Chicago Evanston & Lake Superior Ry., a Chicago suburban road,
$9,193,000 issued to replace prior bonds paid and canceled and $19,070,000 fo r additions to property.
G e n e r a l jcinances , &c .—Capitalization per m ile o f road June 36,
1902: Stock $15,879; bonds, $18,898; interest charge, $965.
In Oct., 1902, made a traffic agreem ent w ith the U nion Pacific RR.,
term inable on notice, fo r through passenger and fre ig h t service from
Chicago to the Pacific coast. V. 75, p 848.
In Apr., 1901, stockholders subscribed to $8,673,200 n ew stock at
par, the proceeds to reimburse the com pany for S ul miles o f n ew road
built during the past tw o years, and provid e for Kansas C ity cut-off
and other necessary new construction, to cost $4,300,000, and in
.(an., t 902, $2,362,100 additional common stock was sold to pay iu par
fo r 298 m iles o f new road, equipments and improvements. V. 72, p.
437, 935; V. 74, p. 378. In Oct., 1902, the rate o f dividend on com
mon was increased to 7 per cent.
The funded debt was increased during the yea r 1901-02 by the issue
of $193,000 of general m ortgage bonds and was decreased $2,338,000 b y u nderlying bonds retired and canceled; o f the la tte r $2,024,000 w ere converted in to preferred stock. O f the funded debt there
w as in the tre a s u ry June 30,1902, $5,011,000 (against $4,883,000
June 30, 1901), o f which $3,763,000 was general m ortgage 3 ^ s and
$159,000 gen. M. 4s. During 1900-01 $4,000,000 o f the general S ^ s
held in the treasury and $100,000 general 4s w ere sold. V. 71, p.
1119; Y . 73, p. 563.
A v e ra g e freig h t train-load in 1901-02 was 254 tons; rate p er ton per
mile, 0-840c.; in 1900-1 train load. 236 tons; ra te per ton per ni. 0'861o.
E a r n i n g s .— 2 mos , ) 1902......... Gross, $7,625,465; net, $2,893,697
July 1 to A u g. 31. s 1901......... Gross, 7,546,097; net, 2,811,903
A n n u a l R e po r t .—Fiscal year ends June 30. Annual m eeting is
held in September. R ep ort fo r 1901-02 was given at length in V. 75, p.
547,556. See also editorial, p. 524. In 1901-02 o f 19,885,573 tons o f
freigh t carried, grain furnished 23 p. c.; other agricultural products,
2 p. c.; coal and coke, 13 p. c.; lumber, 9 p. c.; other fo rest products,
9 p. c., and miscellaneous, 44 p. c.
1901-02.
1900-01.
1899-00.
1900-01.
A ver, miles operated June 30..
6,604
6,512
6,347
6,512
Passenger earnings................... $3,918,966
$7,939,216 $7,698,514
Freight earn in gs....................... 39.516,812
31,357,992
31,220,217
Mail, express, &c., earns.........
3,177 346
3,071,804
2,965,961
T o ta l ea rn in g s.....................$45,613,124 $42,369,012 $41,884,692
Maintenance o f w a y ................. $7,219,136
$6,505 864
$7,503,380
Maint. cars and en gin es...........
3,303,596
3,024,725
3,048,667
Transportation,gen. exp., etc.. 14,881,635
13,932,064
12,761,567
T a x e s ........................................
1,400,161
1,403,643
1,322,047
1,185,000
Renewal account...................... 2,475,000
1,550,000
A ddition al equipm ent...................................
1,475,305
1,111,256
814,951
Miscellaneous............................
857,367
759,871
T otal expenses................... $30,196,895 $27,977,503 $28,420,837
N et earn in gs..............................$15,416,229 $14,391,509 $13,403,855
Other Incom e............................
434.315
174,683
144,756
T o ta l net Income................. $15,850,'*44 $ 1 4 ,5 6 6 ,1 9 2 $13,608,611
6,383,03ft
Interoston debt, eto ..................
6,210,086
6,633,170
Balance fo r dividends........ $9,040,458
$6,975,441
$8,183,157
D lv. on com m on.................. (7)$4,072,873 (6)$3,089,912 (5)$
357,105
D lv. on p r o f.......................... (7) 3,235,288 (7) 2,908,181 (7) ' 0 8 6 ,6 1 0
$2,332,297
$2,095,064
$1,931,720
Balance, surplus...... ...
O eimokkh .- Oh airman, Roswell M iller, 30 Broad Btroot, N ew Y ork ;
President, A lb ert J. Marling, Chicago; Treasurei*, F. G. Rannoy,
Chicago; (Secretary, P. M. Myers, Milwaukee.
C h ic a g o M i l w a u k e e & S t. P a u l R y . — (See M op.;—Operates
from Chicago w esterly to St. Paul, M inneapolis and Lake Superior,
Omaha, Neb., and Kansas. City, Mo., w ith lines, traversin g Illin ois,
Iowa, Missouri, M ichigan, W isconsin, M innesota and the Dakotas, viz.:
R oad.
M iles.
R oa d .
Miles.
Lines owned (of which 26
2nd & 3rd tra ck s.................... 293
miles owned jo in tly )......... 6,604
Trackage (includ. 2d tra c k )... 169
H is t o r y , &c.—The M ilwaukee & St. Paul R R . Co. was organized M ay
5.1863, and on Feb. 11, 1874, took its present name. The system has
since been greatly extended b y the construction and acquisition of
other lines. The sale o f the M ilw aukee & Northern to the St. Paul was
ratified in Septembe-, 1893. In Mar., 1901, the entire stock o f the
Davenport Rock Island & N orthw estern Ry., Moline, 111., to Clinton,
Iowa, 4 0 miles, was acquired jo in tly w ith the Chic. Burl. & Quincy R R ,
and the road w ill be used as part o f a cut off to be com pleted in F a ll
of 1902 from D avenport to Ottumwa, 119 miles, between Chicago &
Kansas City. V. 72, p. 437, 532, 675; V. 73, p. 562. Extensions from
Parminaton to'M a n k a to , Minn., 56 miles; Zum brota to Faribault,
Minn., 35 miles, and Eureka to Linton, N, D ., 49 miles, w ill be com
pleted in the F a ll o f 1902. V. 75, p. 656.
C a p i t a l St o c k .—T he preferred stock has a prior right o ver the
common stock to a dividend o f not o ver 7 per cent from net earnings in
each year, but i f not earned it lias no cum ulative right. A ft e r paym ent
of 7 per cent on preferred and 7 on common, both classes share p ro rata.
Common stock raised to $58,183,000, by stockholders subscribing at
par to 10 percent, increase ($8,673,200) in A pril, 1901, and $2,362,100 additional sold in Jan , 1902. See below.
V. 72, p. 437.
The stockholders voted on Oct. 4, 1902, to increase
the
authorized common stock from $58,183,900 to $83,1*3 900. See
V. 75, p.7 9 3 Preferred stock on Dec. 31, 1873, was $12,274,483; it
has been increased to present figures alm ost en tirely by exchange
of convertible bonds for stock, only about 19,000,000 h avin g been
issued for other purposes (Im provem ents, etc.). In July, 1902,
$4,088,000 prior lien bonds w ere exchangeable.
Drvs. since’ 89. ) ’90. ’91. '92. ’93. ’ 94. '95. '96, 97 to 1900.1001. 1002.
On common. ^ 0 0 2 4 4 2 4
5 yea rly
6
Below
On preferred. 1 7 7 7 7 7 7 7
7 yea rly
7
7
In 1902. April, 3 p.
Oct., 3 Q p. e, and v p. o. extra, m aking 7 p. e.
for the year. V. 75, p. 549.
Bo n d s .—A bstracts of some o f the older mortgages w ere pubusbed m the C h r o n i c l e , V, 45, p p . 85, 114, 144, 212, and V. 48, p. 830.
The folio wing bonds are convertible in to p re fe rre d slock at a n y tim e
within ten days after a, dividend shall have been declared and become
parable on the preferred : Iow a A. Dakota Extension 7s, Chicago
* Milwaukee 7s of 1903, Hasting d Dakota 7s of 1903 and Chicago
r,
Director". — Roswell Miller, New Vorlt; A . J. (Curling, PlilougO; Kroilnrlek
Milwaukee < St. Paul console of 1875. The consols o f 1874 also
fe
Layton. Milwaukee: ,f. Ogden AnnoHr. Olilongo; I-'raeU 8. II nil, .loneidi M illare convertible into preferred within 16 days after dividend day. The bank, W lllbmi Rockefeller, Peter ifeddes, A ugusl. Itelm onl, Hamuel Hponoor,
convertible bonds were fully described In Hi u t i . km knt for Mar. ’93, p. 2, JimiD* II. ftruRh, Charles W . Hnrkness, Henry II. Rogers New York.
Executive foninjltf.ee. -eoswull Miller, A , J. Hurling, Peter (ledchm, W illiam
Ohir.aoo <. P a c ific Western D iv is io n , see Hu i -c l e m e n t of Jan, 1901.
?
Rockefeller Banned Spencer.
T e rm in a l fiv e p e r cent bonds of j 984 cover terminal property
New York O flle e -3 0 Broad Ht.—( V. 75, p. 5 6 6 ,7 3 2 , 702, 848.
or several hundred acres in Chicago and Milwaukee.
C h i c a g o Ac N o r t h . I* a e l lie R R . — Chicago Term inal Tran sfer RR.
Thb. g eneral m o rtg a g e of 1889 (flee a b s t r a c t In V. 48, p. 830) Is for
pl50.000.000, to the united States Trust, Co., of New York, as trustee,
C h ic a g o At N o r t h W e s t e r n I I y .—(Pec. Map.) Operates an Im
Vic covers the entire rail way property and franchises o f the company portant. system o f roads uniting Chicago, III., with Omaha, Neb., Ht.
.herein described) subject to prior liens as below mentioned. The
Paul Minn., with the great wheat hells o f Dakota, Nebraska, etc., and
)rior lien bonds cannot be extended, but w ill he paid off at maturity.
with the m ining regions e f Michigan and the Black Hills, Including—
St. Hilaire
M A P OF TH E
s&> D e v ills L a k e
Larim yre'
CHICAGO & NORTHWESTERN
Sykeston.
^Carrington
O
R
N
RAILWAY SYSTEM.
men
Hope
< > *^ 1
8 ,8 4 6 M iles.
N0R‘
[Chicago S t,P a u l, Minneapolis & Omaha Ry,
:*Fremont Elkhorn & Missouri V alley Railroad
D
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RAILROAD STOCKS AND BONDS
1002.1
41
B o n d s —P n n o i *
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Duo.
A m ou n t
W hen W h ere P a ya b le , and by Stocks —La st
Par
of
R a te per
of
explan ation o f column headings, Ac., see notes
Outstanding
Whom.
Cent.
P a ya b le
Road. Bonds Value.
D ividen d.
on first pa ge o f tables.
R A IL R O A D S .
Wo
t
W e s t e r n — (C o n in n e d ) —
Ch. A N.W . gen. con. M., g., s.f.,n o t d r’n c .* & r .U n 1,637 1872 $500Ac. $7,293,000
1.592,000
139 1867
1,000
W inona & St. P e te r *u m un. (n ow 1st) assumed..
184 1871 100 Ac. I t 4,038,500
1st mort. ext., gold, land grant, 8. f., ass’ d .c .F *
1878
250,000
....
P la ln v ie w R R . and Minn. V al. 1st m o rtg a g e s —
24 1878
200,000
Roch. & No. Minn. 1st m ort., guar, (assumed) —
71 1882
Dak. C. 1st M ., gu. (W a te rt’n to R edfleld, S. D . ) F
a 1,007,000
125 1882
D a k .C .lst M.on So’e a s tD iv R to IIa w a rd e n ) g u .U n
2,000,000
31 '76-’80
560,000
M enom inee R iv e r 1st M., tw o series (assumed) F
82 1880
1,000
1,600,000
M il. A Mad. 1st M., M il. to M adison (assumed) F c *
Chicago A Tom ah 1st m ort., guar, (assumed) . F ^ 152 51880
1,528,000
(1 8 8 2
Chicago M ilw au kee A N. W. construe, do
.F £
6 601,000
57 1882
i,6"oo
600,000
Des Moines AM inn. 1 st M. ,Des M. to J e w e ll Jc. F Ac.
64 1884
1,000
O ttum .C .F .A S t.P .ls t M .($25,000 p.m .), g u .U n .c *
1,600,000
70* 1885
1,000
1,500,000
No. m . 1st M. ($20,000 p. m ile), assumed U n . c *
413 1881
1,000
5,000,000
M il. L . Sh. A W ., Consol. M. (n ow 1st) g o ld .C e.c*
82 1884
1,000
Mich. D iv. 1st m ort. (fo r $3,000,000), g . . C e c*
1,281,000
40 1885
1,000
1,000,000
A shland D ivisio n 1st m ortgage, g o l d .......Ce.c*
1,000
436,000
Deben. (see te x t) sec. b y m o rt o f '89, g . ..C e . c x 693 1887
693 1889
1,000
4,148,000
E x t. A Im p .M .fo r $5,000,000,g., s.f. n ot dr.C e.c"
1,000
....
1881
In co m e bonds (not cu m .)............. ....................r
500,000
40 1892
1,000
400.000
Marsh. E x .lstM .$ 6 0 0 ,0 0 0 ($ 1 5 ,0 0 0 p .m .).U n c*
C .& K W .8 .f.h d so f’79($15,000p.m .)r’ d .a tl0 5 .F c & r 1,041 1879 l,00 0& o 12,725,000
1891 l,0 0 0 A c
S inkin g fu nd debentures 1933 U n ........ c*<fcr . . . .
9,800,000
1884 l,0 0 0 A c f 5,369,000
....
25-year debentures U n ..............................c*<fer
1891 l,0 0 0 A c g 9,819,000
Chicago A No W 30-year deb U n ........... o*<fcr
....
1886 l,0 0 0 A c Iil7 4 8 9 ,0 0 0
E x ten . 4s. $20,000,000 ($20,000 p. m.).TJn.c<fcr . . . .
G eii’l gold bond, m ort., $165,00O.000.U&- c*<fcr . . . .
1897 l,0 0 0 A c 13,082,000
90 1898 l,0 0 0 A c
1,440,000
B o y e r V a l. R y., 1st M .,
$16,000 p er m.F.c*<fcr
1,901,000
M inn. A la R y., 1st M ., g., $16,000 p er m. F.c*& r
119 1899 1,000Ac
26 1899
1,000
M an kato A N e w U lm , Is tM ., g., $416 000 F . c <fcr
*416,000
56 1900 l,0 0 0 A c N ’ne June’02
Southern Io w a , 1st m ort., $1,120,000, g . F c*&r
C h ic a g o & N o r t h
C h ic a g o & N o r t h W e s t e r n R y . —(C o n c l u d e d .)
Road, ow ned i n fe e —
M ile s .
M ain lines, e t c .........................5,843
E n t ir e stock ow ned —
Princeton A W estern .............
16
St. P a u l E astern G rand T ru n k
(leased) ..............................
60
P e o ria & Pek in U n \ (lea sed ).
2
C o n tro lle d by s tock ,
o p e ra te d sep a ra tely —
M ile s .
F rem o n t E lk H o m A M o . V al.1 ,3 6 2
T o ta l o f a ll June 1,1902.,. .7,283
2d t r a c k .................................. 797
7 a rg e in te re s t ow ned—
Chicago St. P a u l M in neapolis
A O m a h a.............................. 1,606
T o ta l in cl. in earn s---- ------5,921
D u rin g the fiscal y e a r 1901-02 223 mile3 w e re com pleted and added
to the road proper.
In June, 1900, P rin ce to n A N o rth w estern R R . w a s in corporated to
build a lin e from Prin ceton , W is., to M arshfield, etc., 100 m iles, and in
N ov., 1900, the P e o ria & N o rth w estern R y ., to bu ild fro m P eo ria , 111.,
to Nelson, 85 m ile s; both w ere com pleted in 1901. Y . 73, p.
294. O f the Southern Io w a R y ., 56 m iles, 21 m iles w e re com pleted in
June, 1901. In Dec., 1901, th e Chicago Io w a & D akota R y ., E ld o ra
Jet. to Alden, la .,2 6 m ., w as purchased. B ra n rh fro m E v a n let., Minn.,
to M arshall, 47 m iles, w as opened in A u g , 1902. Tn Jane, 1902, e x te n
sions from Nelson, 111., to Jan esville, W is., about 100 m iles, and V e r d i
gris, Neb., to F a irfa x , 8. D., 7 0 m iles (the la tte r Frem . Elk. & M. V a l , o f
w hich 33 m iles operated in Sept., 1902), w ere under construction.
H is t o r y , A c.—Th e Chicago A N o rth W estern R a ilw a y w a s organ ized
In 1859, and has since absorbed m an y oth er roads.
I n D ecem ber, 1882, a con trollin g in terest w as acquired in th e stock o f
the Chicago St. P a u l M inneapolis A Omaha Co., w hich see.
In Ju ly, 1884, the ca p ita l stock (ex cep t a fe w shares) o f the F r e
mont E lk n o m & Mo, V a lle y w as acquired. I t s securities, ex cep t those
held b y Chic. & N . W ., are in ta b le above. On June 20, 1901, pu r
chased S iou x C ity A P a cific R R . at G o vern m en t sale. V . 72, p. 721,
1236; V . 73, p. 444; V. 75, p. 446.)
In D ecem ber, 1891, the M ilw au kee L a k e Shore A W estern R R . w as
bought b y an exch an ge o f stock. See V. 57, p. 375; V , 56, p. 792.
In 1900 variou s p ro p rie ta ry roads w e re purchased and in 1900
to 1902 others built in the In terest o f the C. A N. W . w ere absorbed.
V. 71, p. 291, 294; V . 73, p. 294, 1010; V . 75, p. 446.
Ca p it a l St o c k .—O f the com m on stock $2,333,688, and p r e fe r r e d
$3,835 rem ained in the co's treasu ry in June, 1902. P re f. stock has a
prior righ t to 7 p. o,; then com m on 7 p. c.; then p referred 3 p e r cent;
then comm on 3 p er cent; then both classes-share.
T h e c o n s o lid a te d s in k in g fu n d bonds o f 1915 h ave v o tin g pow er.
D iv id e n d s —*84, >85. '8 6 to '9 3 . >94. '95.796 t o ’99. '00, '01.
1902.
Com m on..
7 6^
6 y e a rly 3
y e a r ly
6
6
7
P re fe rre d .
8 7^ v
--------------- —
----------- ------- ' See below .
In 1902, on comm on, J a n ,,3 p. c.; July,r3 p. c. and 1 p. c. e x t r a ; on
preferred, Jan., 1% p. c.; A p ril, 1*% p. c.. Ju ly,
p. c. and 1 p, c. e x
tra; Oct., 2 p. c. T h e e x t ia dividends o f 1 p. c. each on the stocks in
July, 1 9 0 increased the ra te fo r the fiscal y e a r 1901-2 to 7 and 8 p. c.
on the common and p referred stocks, resp ectively. V. 74, p. 1194.
B o n d s .— G en era l M o rtg a g e , —See A b s t r a c t in V. 65, p. 1 1 7 5 .
The authorized issue is $165,000,000 (U n ited States T ru s t Co., tru stee)
$131,645,000 w ere reserved to re tire u n d erlyin g bonds, and rem ain d er
for additions and im provem ents, $4,000,000 at once and $1,000,000
a year thereafter. B eeV . 65, p. 1070. T h e first issue, i f $20,000,000,
bears 3*2 per cent (reg. In terest Q.—F., coupon M .A N .) 7. 65, p. 69,
111,571. Up to Oct., 1902, $13,082,000 had been listed. V. 67, p.
125; V. 72, p. 86.
The s in k in g f u n d boruls o f 1879 are secured b y deposit in tru st
i f $15,000,000 o f 1st m o rtgage bonds at $15,000 p er m ile on sublidJary Lines, the most im p orta n t being described in B u rr c e m e n t o f
May, 1894. O f the sinking fund bonds o f 1879 $6,069,000 are 6s;
h e sinking fund is at least 1 per cent o f outstanding bonds, which
ftre subject to call at 105; and through its operation the amount
mtstandlrjg has been reduced from $15,000,000 to the figure In table.
The s in k in g f u n d debentures o f 1933 have a sinking fund o f $200,900
>er year, If they can be redeem ed at 105. Bee description o f all the
lebenturoa on page 2, Bu k u l k m e n t o f A p ril, 1895.
The extension bonds o f 1886 are secured by deposit in trust o f first
Imortgage bonds at a rate not exceed in g $20,000 per m ile, included in
he collateral June 1, 1902, w ere $10,075,000 Frem ont Elk H orn V Mo.
'alley le ts and $2,560,000 ls ts W yom in g Central le ts (consolidated
p i Mi F . E. A M. V.J, etc. Bee F. E. A M. V. bonds below.
The F re m o n t E lk h o m & M is s o u ri Valley consols have a first Hen on
,170 miles (F rernont. Neb., to Dead wood, D. T., 557 miles, and
ranches to Hastings, A lbion, Ac.. 613 m iles), but besides the amount
f issue gi ven as outstanding In the table $10,675,000 are held as paid
bilateral for Chicago A Northwestern extension bonds o f 1886. Th e
orth western assumed $3,600,000 o f the Frem ont E lkh om A Missouri
alley bonds and guarantees the rest. Bee gu aranty V. 56, p. 650.
The B oyer V a lle y M innesota A lo w a, Boone County M ankato A New
hn Minnnso a A Booth D akota and fo w a M innesota A N orth w estern
buds w ere assumed In June 1900, the roads being absorbed upon
UTipletion; also in 1901 Die Bout hern Io w a i.b e P eo ria A Northw esto and the Princeton A Northw estern and the Sioux C ity A Pacific
m description o f its bonds V. 73, p. 444. 1159). See V. 71, p. 28.
>1, 291, 340; V. 73, p. 294, 1010,
U r n e r a l F in a n c e s .- The first Issue o f (^20,000,000) refu ndin g bonds
3*s p er cent interest was sold to p rovid e fo r $ i 8,015,500 old bonds
fvturfng up to Dec. 1,1902. I f the en tire issue o f $20,000,000 Is r e
7 g.
7
7 g.
7
7
6
6
7
6
6
6
7
5
5
6 g.
6 g.
6 g.
5 g.
5 g.
6
5
5 A 6
5
5
5
4
3^g.
3 ^ gg.
3^g.
3^g.
J. A D. N .Y .,C o. '801006,53 W all
M. A N.
do
do
J. A D.
do
do
Semi-an
do
do
M. A S.
do
do
M. A S.
do
do
M. A N.
do
do
J. A J.
do
do
M. A S.
do
do
M. A N.
do
do
M. A N.
do
do
F. A A.
do
do
M. A S.
do
do
M. A S.
do
do
M. A N.
do
do
J. A J.
do
do
M. A S.
do
do
F. A A .
do
do
F. A A .
do
do
M. A N.
do
do
A. A O.
do
do
A . A O.
do
do
M. A N.
do
do
M. A N.
do
do
A 15 A O
do
do
F15AA.
do
ao
do
do
IT
J. A D.
do
do
J. A D.
do
do
A . A O.
do
do
M. A S.
do
do
Dec. 1, 1902
N o v . 1, 1907
Deo. 1. 1916
1908
Sept. 1, 1908
Sept. 1, 1907
N o v. 1, 1907
Ju ly 1, 1906
Sept. 1, 1905
N o v. 1, 1905
N o v. 1, 1905
Feb. 1, 1907
Mch. 1, 1909
Mch. 1, 1910
M ay 1, 1921
July 1, 1924
Mch. 1, 1925
Feb. 1, 1907
Feb. 1, 1929
M a y 1, 1911
Oct. 1, 1922
Oct. 1, 1929
M a y 1, 1933
N ov. 1. 1909
A p r. 15, 1921
A u g. 15, 1926
N o v. 1, 1987
Dec. 1, 1923
June 1, 1924
Oct. 1, 1929
Sept. 1, 1925
quired to refu n d these old bonds the sa vin g in in te re s t charges w ill be
about $530,000 p er annum—see “ b e n d s ” a b o ve and V . 65, p. 69. 111.
In June, 1902, $120,521,000 old bonds w e re s till u n con verted, the
balance, $11,124,000, h a v in g been exchanged. T h e annual sa v in g on
bonds refu nded am ounted to $343,575. See V . 72, p. 86.
In 1901-02 the a vera g e fr e ig h t tra in lo ad w as 249 tons, again st
232 tons In 1900-01; ra te per ton p e r m ile, 0*81 o f a cent.
E a r n in g s .—F o r 3 mos. en din g A u g. 31, gross, $12,197, 260 in 1902,
again st $12,096,179 in 1901.
A n n u a l R e p o r t .—F isca l y e a r ends M a y 31. T h e annual m e etin g is
held the first Th u rsday in June.
T h e re p o rt fo r 1901-02 w a s g iv e n
at len gth i n V . 75. p. 438, 444. See also ed itoria l, p. 418.
O f the fr e ig h t ca rried in 1900-1 (to ta l 25,527,575 ton s), ores fu r
nished 23 p er cent; lu m ber and logs, 15 p er cent; gra in , flou r and m ill
stufls, 13 per cent; oth er a gricu ltu ral and d a iry products, 3 p er cent;
coal and coke. 15 per cent; m etals and m ach in ery, 5 p e r cent: stone,
sand, brick, etc., 5 p er cent; liv e stock, 4 p e r cent; m iscel., 17 p. c.
C H IC A G O & N O R T H W E S T E R N PR O P ER
Y ear e n d in g M a y 31.
19C2.
1901.
1900
1899.
A v e ra g e m iles oper,.
5,760
5.507
5,218
5,077
Passenger earn s.......$10,886„139 $9,718,191 $9,002,688 $8,067,627
F reigh t...................... 33,436,892 31,*64,945 32,00*,684 28,155,677
2,321,091
2,015,451
1,939,433
1,793,010
Mail, express, A c ---T o ta l e a rn in gs...$46,644,122 $43,098,587 $42,950,805 $ 38,016,314
Oper, exp. A ta x e s *.$30,005,643 $27,229,998 $26,994,013 $24,828,714
N et e a rn in g s .......... .$16,638,479 $15,868,589 $15,956,792 $13,187,599
P, c. exp. to earnings (64-33)
(6 3 T 8 )
(62*85)
(65*31)
T o ta ln e t re ceip ts.... $17,215,559 $16,445,669 $16,486,582 $13,731,577
N et int. on debt.. . . . . $6,406,038 $6,324,752 $6,069,384 $6,232,235
Sinking fund, e tc. „ ..
234,695
299,630
355,640 • 340,745
Div. on com m on......(7)2,737,868 (6) 2,346,744 (6)2,346,744 (5)1,955,626
Div- on p r e fe r r e d - .. (8)1,791,598 (7)1,567,650 (7)1,567,650 (7)1,567,650
R ea l est., const., <fcc.. 4,697,055
4,169,526
4,542,041
___ _
Balance, s u rp lu s .... $1,318.305 $1,737,367 $1,605,121 $3,635,366
F R E M O N T E L K H O R N < M IS S O U R I V A L L E Y (O P E R A T E D S E P A R A T E L Y ).
fe
Y r .e n d . M a y 31.
1902.
1901.
1900.
1899.
Gross earn in gs.......... $4,589,449
$4,287,806 $4,121,458 $3,885,489
N e t ea rn in gs----$1,377,065
$1,307,781 $1,246,124 $1,274,687
T o ta l ch arges............
1,043,009
1,021,945
1,021,391 1,020,879
B alan ce..................... sr.$334,056 sur.285,836 sr.$224,733sr.$253,808
O f f ic e r s .—Presiden t, M a rvin H u gh itt, Chicago; V ice-P resid en t and
S ecretary, E. E, Osborn, 52 W all St., N e w Y o r k ; 2d V ice-P resid en t,
M. M. K irk m a n , C h ic a g o ; Trea su rer and A ssista n t S ecretary, S. O.
H ow e, N e w Y o rk .
Directors.—W. K. Vanderbilt, F. W. Vanderbilt, H . McK. Twombly, Samuel
F. tfarger, Chauncev M. Depew, James Stillman, James C. Fargo, M. L . Sykes,
New York; Albert Keen, Lake Geneva, Wis.; Marvin Hughitt, N. K. Fairoank,
Byron L. Smith, Cyrus H. McCormick, Marshall Field. Chicago; David P. Kim
ball, Oliver Ames, Boston: Zenas Crane Dalton. Ma-‘S
- ( V. 74, p. 93, 204, 267, 326, 1 193, 1194, 1250; V . 75, p. 4 3 8 , 4 4 4 . )
C h i c a g o P e o r i a & S t. L o u i s R y . —R o a d .—O wns from P ek in
to G ra n ite C ity, 111., 180 m ile s; M adison to B rid g e Juno., 3 in.;
H a va n a to Jackson ville, UL, 42 m.; branch, Lookh aven to G rafton , 8 m,;
tota l owned, 233 m.; tra ck a ge, P ek in to P eo ria , 10 m.; G ra n ite C ity,
111., to M erchants’ Junction, 3 in.; inSpringfield, l ^ m : M adison, 111.,
to Bt. L o iis Station, 7 ^ miles. Owns and operates Litch field A M adi
son R y., L itch field Jet. to Madison, 44 m.; trackage, J. A St. L. Jet. to
L itch field, 1 rn.; tota l 300 miles.
R eorgan ization o f Chicago P eo ria A Bt. L . R R . and St L. Chic. A St.
Pau l R y,, sold in foreclosu re Jan. 8. 1900, p er plan In vol, 68, p. 722.
B o n d s —Of the $2,000,000 p rio r lien 4
( Ci t y Tru st Co. o f N. Y .,
tru stee), $575,000 are reserved fo r future extensions, im p rovem en ts,
etc. Stock, com .,$3,600,000; p r e t , $3,750,000.
N e w Be c u r it ie s , E t c .— I n .July, 1901, it was proposed to ex ch a n ge
the Oli. P. A St. L. incom es d o lla r fo r d o lla r fo r new 1st p r e f stock,
present p referred to be second preferred ; also the L. A M. incom es
fo r new L A M . pref. stock
In Oe ., 1902, all the com m on stock o f
both roads, S3 per cen t o f the p referred stock, 87 per cen t o f the 0. P.
A St. L. incom es and 82 per cent o f the L. A M, incom es had been depos
ited under this agreem ent in tru st with a security holders’ com m ittee
(Tlios. C a rm ic h a e l, 27 Pine St., Chairm an), with authority also to sell
the same on or before Aug. 1,1901, at prices therein named
B eeV .
73, p. 183. F o r 2 m onths en d in g A u g. 31, 1902, gross, $266,212
n,g dnst $232,767 in 1901.
Report fo r yea r to Juno 30, 1901. In V, 74, p. 323. In 1901-2, grOSH,
$ 1,402,775; net, $301,708; fixed charges, $2*8.020 Including b e tte r
ments; lml., sur., $13,742, .President, Charles E. K im ball, New York;
S ecretary and rreaaurer, Ralph Blaliulell, Springfield. III.; Asst. Boo.
and Asst. T rea s.. T. O. W ellm an, N ew York. (V. 74, p. 3 2 3 .)
U l i i r j i g o H o c k I k 1u r i d A P i n d f l r IK-iatlroi cl.— Incorporated In
Io w a On J u ly 3 1, 1902, as fin o p era tin g com pany, per plan V. 75, p
239, to take o v e r lb Ohio H. i. A P a r R a i l tray Tnc en tire ca p ita l
stock ($125,000,000) is owned by the Hock Island (h oldin g) C om pany,
hut its bonds (see a b o ve) are held by tile public.
B o n d s . T h e co lla te ra l tru st 4s of 1902 (authorized issue $75,0 00,00u) w ill he ho<tired by a. pledge w ith the trustee o f an equal am ount
o f the stock o f the (J. it. I. A P. R a i l w a y as acquired, V. 75, p. 239,
Presiden t, W m T. Rankin. - ( V . 75, p. 239 )
*Gettysburg
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INVESTORS’ SUPPLEMENT.
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I_______________ L ____________
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October ,
1902.J
RAILROAD STOCKS AND
43
BONDS.
B on d s— P rinol •
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal, When Due.
A m ou n t
R a te per W hen W here P a ya b le , and by Stocks —Last
Par
of
of
F o r explan ation o f column headings, &c., see notes
Outstanding
W hom.
Cent. P a ya b le
Road. Bonds Value.
D ividend.
on first page o f tables.
R A IL R O A D S .
C h ic a g o & N o r t h W e s t e r n ( C o n c lu d e d ).—
Prin ceton & North., 1st M., $2,100,000, g.F.c*<fer 105
85
P eo ria & N o rth w , 1st M., $2,125,000. g . F c*<fer
125
Sioux C ity & Pao , 1st M., g., $4,600,000 F .c*&r
6
Sioux C ity & Pac., pref. stock (1st M. on 6 m . )...
33
Mum. c So. D akota, ls lM . , gold, $528,000. .F .c *
V
Io w a M innesota & N o rth w estern 1st M., g. F c*<fcr 195
Frem. Elk. & M. V. consol M. $20,000 p. m. see tex t. 1,170
C hic. P co . & S t.L . —Pr. lien M ., g., call at 1 0 7 ^ .C i.c A 230
230
Consol. M., $2,000,000, g., called at 105 C o l..c *
230
In co m e M., g. (tex t) non-cum , called a t p a r .E C
44
L itch <fcMadT (In c ) M. (tex t) 5%, non-cum...... C i
....
C h ic a g o R o c k I s ld . J t P a c — Stock ($75,000,000)..
1st M .,Chic., 111., to Council Bluffs & bitch es.U s c* 736
G eneral m o rtg ag e, $100,000,000, g o ld ,..C e .c *& r 3,128
....
Col. tr. M .,g., S e r.A to P, c u e y r ly r e d .lO l1 C e c *
^
....
C h . R . I . d P a c . R R .—Col t M .,$75,000 000.< e c*& r
C h ica g o St. L o u is < ' ew O rle a n s — See IL L . CENTR AL.
£
C h ic a g o S t. J P a u l M i n n . & O m a h a —Com. stock..
....
P re f. stock, non-cum., in clu din g scrip (see t e x t ) .
21
St. P a u l S tillw a ter & T a y lo rs’ F a lls 1st m ort- ...c
12
H ud. & R iv e r F alls 1st M ., H udson to R iv e r F a lls . e
177
Ch.St. P .& M in n . 1st M .,g.,E lroy to L . St.C.ass’d.c*
8t. P. & Sioux C ity, 1st M., g.. $10,000p.m. .C e .o 607
80
N o .W is.1st M. L a k e St.C.to n’r Spooner ass’d.C e.c*
37
Sault Ste. M arie < Southw est’n 1st M., assumed.c
fe
C.St.P.M .& 0,M .,$30,000,000 ($15,000 p.m )<’e.c *
....
....
C hic. T e r m 'l T r. R R .— C h .& G k W .,lst M., g.,ass’ d.c*
....
C ity o f Chicago purchase m on ey m ort., assumed
Chic. Term . T r a n s f.ls tM .,g .,$16,500,000 TJs.c*&r
91
....
C h ic a g o < W estern I n d ia n a —Stock (see t e x t ) ........
&
48
1st m ort., gold, sink, fund, subject c a ll at 10 5 .c*
48
G en era l m ort., gold, sinking fund, see t e x t .......e*
1901
1901
1901
__
1900
1900
1883
1900
1900
1900
1900
....
1877
1898
1902
1902
$
$
3 8) g.
i,o o o & c $1,940,000
2,125,000
3 ^ v.
l , 00u&c
4,000,000
3 ^ g.
1,OOOAC
7
96,500
100
528,000
1,000
3^2 g.
3,900,000
l , 000 &e
3^g.
6
1,000
7,725,000
1,000
1,425,060
4^g.
2 ,000,000
1,000
5 g2,000,000 Up to 5 v
1,000
500
500,0' 0 U p to 5 p
100 75,000,000 5 in 1902
6
l , 000 &c 12.500,000
l , 000 <fcc 59,581,000
4 g.
=
1,000
23,552,000
4 g.
=
1.000 &C See tex t.
4 g=
100
....
100
1878 500 &c.
1878 500 &c.
1878 500 &c.
1879
1,000
1880
1,000
1890
1,000
1880
1,000
1886
1,000
....
1,000
1897
1879
82-92
100
1,000
1,000
J & J.
M. & S.
F. Ar A.
A. < O
fe
J. < J.
fc
J. & J.
A. & O.
M. & S.
J. & J.
er cen t
er cent,
Q .- F .
J. & J.
J. & J.
M. & N.
M. & N.
N e w Y ork , 52 W a ll St.
do
do
do
do
do
do
do
do
do
do
do
do
N .Y . office, 27 Pine.
do
do
w hen earned.
w hen earned.
N e w Y o rk and Chicago.
N. Y .,1 3 W illia m St.
do
do
N e w Y o rk .
Int. from N o v . 1,1902
Jan. 1. 1926
M eli. 1, 1926
A u g 1, 1936
Oct, 1/02, 3 ^
Jan. 1, 1935
Jan. 1, 1935
Oct. 1, 1933
M ck. 1, 1930
Ju ly 1, 1930
Ju ly 1, 1930
J u ly 1, 1930
N o v . 1 / 0 2 , 1*4
Ju ly 1, 1917
Jan. 1, 1988
M ay, )903-’ 18
N o v . 1, 2002
18,558,953 See text. F. & A. N. Y ., Office, 52 W a ll St.
do
do
fc
11,259,912 7 in 1902 F. < A.
do
do
J. & J.
334,800
7
J , & J.
do
do
125,000
8
do
do
1,942,000
6 g. M. & N.
do
do
6,070,000
6 g. A. & O.
J. & J.
do
do
767,000
6
M. & N.
do
do
350,000
5
do
do
J. & D.
15,504,000
6
394,000
5 g. J. & D. N . Y ., M erca n tile Trust.
M. & N.
T o C ity o f Chicago.
650,000
5
13,635,000
4 g. J. & J. N . Y ., M erca n tile Trust.
=
Q.—J .
Chicago.
5,000,000
6
27,000
6 g. M. & N. N. Y ., J .P .M orga n & Co.
do
do
9,868,666
6 g. Q.—M.
A u g. 20, ’02, 3
A u g.2 0 / 0 2 ,3 ^
Jan. 1, 1908
Ju ly 1, 1908
M ay 1, 1918
A pr. 1, 1919
Jan. 1, 1930
N o v . 1, 1915
June 1, 1930
June 1, 1936
M ay 1, 1938
J u ly 1, 1947
Oct. 1, ’02, 1
N o v . 1, 1919
Dec. 1, 1932
In addition tke sinking fu nd June 1, 1902, keld, a , $58,000; b, $172,500; c, $150,500; d , $135,000; e>, $149,000; f., $521,000 (and
$10,000 on hand); g., $181,000 ; I i, $1,143,000; k , $202t500.
IT Coupon int. M. < N.; reg. Q.—F.
fe
* I n sink, fu nds June 1, 1902.
C h i c a g o R o c k i s l a n d A P a c i f i c R y , - (See M a p ) —R o a d .—
E x ten d s from Chicago, 111., v ia Omaha, Neb., to D e n v e r and Colorado
Springs, Col., and v ia K ansas C ity, Mo., to T e rra l, I. T ., w ith branches:
C o n tro lle d — O p er. S e p a ra te ly —
lA n e s ow ned —
M ile s .
JUites
Chic.,111., to Council B lu ffs,la . 500
D a ven p ’t, la ., to A tch ’n, K an . 341 St. L o u is K ans. C ity & O k la . TF114
E lw o o d to Texh om a, O. T ... 494 Chic. R o ck Is la n d & Texas,
Ter ra l to F o r t W orth , e t c .. 122
H erin g to n ,K a n .,to T e rra l,I.T . 349
H orton , K an ., to R osw ell,C ol. 569 Ch. R. E & E l Paso and Ch.
R. I. & M ex., T exh om a, O.
O o w r ie to S ibley, la ............ 109
T., to Santa Rosa, N. M ---- 203
B ra n ch es................................. 866
60
O ther m ile a g e ........................
T o ta l ow n ed Oct. 1, 1902 .3,226 T ra c k a g e to K an sas C ity,
N o. Topeka, K an ., D en ver,
L ea s ed , etc .— HI W hich see.)
Col., Pu eblo, Col., e tc ........ 338
P e o ria & Bureau V a lle y — IF
47
K eok u k & Des M oin es........ IF 162
T o ta l lin es Oct. 1902 ' ....... 7,007
D es Moines
F o rt Dodge..IT 143
B u rl Ced. Rap. < N o r ........ f f l /311 U n d er construction and p ro
fc
posed (a b o u t)...................... 1,000
R ock Islan d & P e o r i a ----- IF 118
Choctaw Oklahoma & GFulf IF1.163
T o ta l system Oct., 1902, in cL p rojected m ileage, etc. (about) 8,007
In A i'Til, 1902, th e g rea ter p a rt o f the stock o f th e C h octaw O klahom a
G u lf R . t , in clu din g C h octaw & N orth ern , etc., 1,1 *3 m iles in all,
was acquired. See below ; also th a t e m p an y and V. 74, p. 775,1354,
In 1 02 , also, m ost o f the outstanding stock o f the B u rlin g to n Cedar
R apids & N o rth ern and R ock Island & P e o ria (w h ich see) w e re ac
quired, and th e ir roads leased rrom June 1. V. 74, p. 1194, 1250.
A s to Des Moines & F o rt D odge R R ., see V . 74, p. 1037.
In A pril, 19* >2, purchased a ll the stock and bonds of the St. Louis
K ansas C ity Sz Colorado, St Louis to B elle, Mo., and b u ildin g w esterly
to Kansas City, thus fo rm in g when com pleted a lin e in to Sc. L o u is fo r
the R ock Islan d, a >out 200 m iles V . 75, p. 665.
Other proposed extensions inclu de one fro m F o r t W orth to G a l
vesto n , T ex ., 296 m iles; A m a rillo , T e x ., to Tecum secara. N. M ., 135
m ile s ; 200 m iles in Oklahom a, etc ; V. 75, p. 497.
T h e Enid & A nadark o R v. was com pleted in Sept., 1902, from Enid, O. T., sou th w est
erly, to H in ton , 107 m iles, and is bein g fu rth er exten d ed to Anadarko,
about 18 m iles. Branch w a s also com pleted in Sept., 1901, An adarko
to L a w to n , 36 miles, and is bein g exten d ed 40 m iles.
H i s t o r y .—T he present Chicago R ock Islan d & P a cific w as a con
solidation June 2, 1880, w ith $50,000,000 stock authorized.
Tn O ctober, 1902, o v e r 90 p. c. o f the ea p ita l stock was deposited per
plan V . 75, p. 239, each $100 «to ck bein g exch an ged fo r the fo llo w in g
securit e s : $100 in lQ -Lye r 4 p. c. go ld bonds o f the Chic. R o ck Islan d
& Pac R a ilro a d (o f Io w a ), the n ew o p era tin g com pany, and $7o p re
ferred and $100 com m on stock o f th e “ R o ck Is l’ d C om pan y” (o f N e w
J ersey), w hich owns the en tire ca p it 1 stock o f the R -m ro a d com pany.
See also statem ents o f those com panies in this S u p p l e m e n t .
St o c k .—In July, 1901, stockholders subscribed to $10,000,000
additional stock, r a i s i n g the am ount to $60,000,000. See below . In
1902 the stock was increased to $75,00 ',000 by sale o f $ *,2 3 5 ,“*00
at par to shareholders the issue o f $%884 0< 0 takes up Bur). Ced. Rap.
& Nor. and R ock Island & P eoria m in o rity stock o f $2,000,000 to p u r
chase the St. '.onis Kan. C ity < Colorado R y ., and by sale o f $880,500,
fe
V. 74, p. 1194; V. 75, p. 28
D iv id e n d s . . . . . . . . } ’ 92&’ 93 ’ 94 *95 >96 >97 >98 >99 ’00 >01 1902.
s in c e ’90, P .ct............. v
4
8h 2
2 2^4^
5
5
5
5
Also in 1898 a distribution o f 10 per cen t w as m ade in stock to
represent earn in gs expen ded fo r extensions, etc., in 1880-85. (V. 68 ,
p. 1136.) 1881 ti ’ 87, 7 p. o, y e a rly in cash; ’ 88 , 6*0 p. 0.
B on ml—T he refu n din g m o rtgage is fo r $100,000,000: $5,500,000
w ill be a va ila b le a fte r 1902 a t $18,000 per m ile, to re tire bonds on
lines purchased, and rem aind er are issuable at n ot o v e r $ 1,000,000
per annum fo r perm an ent Im provem en ts and additions, Including
equipm ent. Bee M ortgage A b w t r a c t in V. 66, p. 522.
The colla tera l tru st gold 4s o f 1902 ($24,000,000 au th orized) are
secured by deposits o f all e x c e p t $17 9,600 common and $56,450 pre
ferred stock of the Choctaw O klahom a & G u lf RR. (see th at com pan y),
the balance unissued bein g reserved for Issue at 968; fo r the actual
cost of the rem aining Choctaw stock at n ot o v e r $60 per $50 share
for the p referred and $80 per $50 share fo r the comm on. V, 74, p.
775, 829, 936, 1356.
G e n e r a l F in a n c e s .—I n Ju ly. 1902, stockholders subscribed at
par to $8,235,000 new stock, raisin g tota l to $7,00'*,000. to construct
Or purchase new road, inclu ding a lin e betw een Fort W orth and Gal
vesfcon, 296 miles, portions of lin e betw een F ort W orth and Kansas
C ity, anrl from A m a rillo , T e x ., to a p o in t on the line betw een L iberal.
Kan., and El Paso, T ex .; also for second track, I m p r o v e m e n t s and
equipment, V. 72, p. 1135; V. 73, p 184; V .7 5 , r>, 28# In July. 1902,
$58.581.000 new general 4s had been listed. A s to purcha u In 1902
o f Choctaw Oklahom a & G ulf, see bonds above.
L a t e s t F a r n ’ ob—2 m oe . , ) 1902 Gross, $7,709,258; net, $3,396,736
Ju ly 1 to Aug. 31,
5 190 1- Gross, 5,787,531; net, 2,422.473
1 A n n u a l R e t o r t .—Th e fiscal year onds March 31. Annna 1 ineotlng
Is held In Chicago on the first W ednesday in June. R ep ort for 1901*02
i at len gth was In V. 74, p. 1193, 1201; see also ed itoria l, p. 1167,
1902.
3,975
$8,030,164
19,061,857
1,293,825
1901.
3,819
$6,400,014
17,730,398
1,234,283
1900.
3,647
$5,541,037
15,881,092
1,228,475
Gross earn in gs............. .... $28,385,846
N et ea rn in gs...................... .... $10,131,121
From land d ep artm en t......
12,000
In com e fro m loans, e tc .—
986,849
$25,364,695
$8,199,602
7,500
693,879
$22,650,604
$7,668,153
3.000
698,440
T o ta l in co m e................ ... . $11,079,970
$756,954
Rent leased roads...............
In terest on d eb t..................
150,751
Missouri R iv e r b rid ges.....
D ivid e n d s........................... ...(4 )2 ,2 4 7 ,9 0 0
$8,900,981
$747,227
2,911,980
144,756
(4) 1,999,692
$8,369,593
$717,417
3,055,313
134,802
(4)1,999,586
Y e a r e n d in g M a r c h 3 1 M iles o p e ra te d ....................
Passenger earn in gs........... ...
F reigh t....................................
Mail, express, rentals, etc.. ...
B a la n ce.............................
$4,973,043
$3,097,326
$2,462,475
- ( V . 75, p. 239, 393,441, 497, 549, 611, 665, 732.)
C h i c a g o S t. P a u l M i n n e a p o l i s <& O m a ia a R
y See M a p C h i
cago < N o r th W estern .)— R o a d .—M a in lin e —E lr o y , Wish, to Omaha, Neb.,
&
593 m ile s ; other lines, 966 m ile s ; tota l, 1,60^ m iles, o f w hich 1,537
miles are ow n ed and 69 m iles leased, V . 69, p. 1147. In May* 1901,
purchased the M innesota < W isconsin R R ., S prin g V a lle y to E m erald,
te
W is., 21 m iles, in clu ded above; exten sion S p rin g V a lle y to Weston, 16
m iles, opened in 1902.—V . 74, p. 627. In A p r., 1901, the C h ippew a
V a lle y & N orth w estern R R . w as in corp o ra ted to construct a lin e from
R ic e Lake, W is., northeast about 100 m iles, o f w hich 13 m iles w ere
o p era ted in Jan., 1902.
H is t o r y .—Th is w as a consolidation Ju ly, 1880, o f the Chicago St.
Paul & M inneapolis, the N o rth W isconsin ana the St. P a u l & S iou x City,
In N ovem b er, 1882, a con trollin g in terest in the stock w as purchased
tor the Chicago & N o rth w e s te rn R a ilw a y b y the acquisition o f 93,200
shares o f com m on and 53,800 shares o f p referred.
St o c k .—A u th orized comm on, $21,403,293; preferred , $12,646,833,
H eld b y the com pan y Dee. 31, 1901, com m on stock and scrip, $2,844,»
340 p referred stock and scrip, $1,386,921. P re fe rre d stock has a p rio r
righ t to non-eum ulative divid en d o f 7 p e r c e n t ; bu t com m on is n ever
to re ceive m ore than is p a id on preferred.
D iv id e n d s since ’89 ) ’90 ’9 1 ’ 9 2 ’93 t o ’96 ’ 9 7 ’ 98 ’9 9 ’ 00 ’01 ’02
C om m on ,in F e b .,% > ...............
None.
2 2 385 5
5 B e lo w
P referred , P. c t ___ ) 4
4 6^ v
------- 7 p er ann. (38s F & A .)-------'
In Feb., 1902, annual d ivid en d on com m on out o f 1901 earnings, 5
p. c.; A u g., sem i-annual divid en d , 3 p. c. V. 74, p. 1250.
B onds .—T h ere are $75,000 M inneapolis E astern 1st m. guar. 7s
due Jan. 1,1909; $1,500,000 S u p erior Short L in e R y . bonds are owned*
Chicago St. P au l & M inneapolis 1st 6s, due 1918, and N o rth W isconsin
1st 6s, due 1930, are exch an geable at option o f h older at a n y tim e,
d o lla r fo r dollar, fo r consol. 6s o f 1880, due 1930.—V. 68, p. 521.
L a n d s .—Sales 1901, 65,490 acres, $110,906; unsold, 235,810 acres.
L a t e s t E a r n in g s .—F rom Jan. 1 to A u g. 31 (8 m onths), gross,
$7,320,076 in 1902; $6,791,055 In 1901.
A n n u a l R e p o r t .—R ep ort fo r 1901 w as In V . 74, p. 627.
Y e a r e n d in g Dec. 31—
1901,
1900.
1899.
Gross e a r n in g s ........................$11,196,104
$10,342,000
$10,488,814
O perat’ g expenses and taxes* 7,014,2" 0
6,489,154
6,518,136
N e t ea rn in gs.........................$4,182,134
$3,852,846
$3,970,678
N et rentals p a id ........................
110,243
109,7*5
114,861
1,344,478
N e t lnt. on debt (less oth er lno.) 1,343,097
1,364,483
D lv. on pref. sto ck ...............
(7)787,976
(7)787,976
<7)787,976
(5)927,750
D lv. on com. s to c k .............
(5)927,750
(5)927,730
500,000
A p p rop ria tio n fo r lm p ’t s ........
600.000
500,000
Surplus o f R R . C o ..................... $413,526
$182,399
$275,630
$71,011
N©t fro m lan d sa les................... $110,906
$63,738
- ( V . 73, p. 1159; V. 74, p. 6 2 7 , 1250.)
C h ic a g o
* o n t i l © a s t e r n i t y . —Munolo to B ra zil, Irut., 137
m iles, o f which Bi ow n ’ s V a lley to Hand Creek, 12 miles, Is trackage.
In Aug., 1902, in terests iden tified w ith the Olcvo. Gin. Ohio
8t, Louis
purcha-Ort the en tire stock and gen eral m ortgage bonds and n early a ll
the $375,000 Midland o f Indiana Ry. 5s, due 1917, bu t the road w ill
be operated Independently. V. 75, p. 441, 497, 61 t. President, John
T. D ye (V. 75, i>. 184, 4 11.497, 6 11) ; Treasu rer, I P . O Com stock, Gin
.
clnnatl ; Bee., Gluts. R. M yers, ( Cincinnati.
( I l i l c u g o T e r m i n a l T r a n s f e r l i l t . —PROPERTY. -Consists Of
passenger and fre ig h t term inals In c ity o f Chicago, lines o f ra il
w ay leadin g thereto, and a belt lin e around the city. Com pany
owns 760 acres o f land In and adbicent to the city, o f which 50 acres
are In the centre o f Urn business district; also Includes 7,500 fe e t o f
flock p rop erty on Chicago K lver. N e a rly all land, Including Mint upon
which tracks have been built. Is ow n ed In fee. T rack owned, 90 miles;
leases from Ohh-ago ,Junction Ry., 11 miles; trackage, 7 miles; total,
108 miles; 2d track, 54 m.; sidings, 1 11 m.; total all tracks. 273 miles
H i s t o r y , A reorgan ization In June, 1897, o f Chicago
N orth ern
Pacific and Ohio, <fcOalumetTerm,, p la n V. 6*1, p. ^88-, 8 9 8 . In Fob,,
1901, K a rri man syndicate acquired control. V, 72, p. 241,580
**
mmon
Louis
Sandoval
^
La Junta;
E ldoradcm ^'^
id ale qi
i
Cuchara
1 Moro
1
rinidad
.
o Kenton
INVESTORS’ STJPPLF ME NT.
o Kimball
.Clacton
M A P OF TH E
CHOCTAW, OKLAHOMA
W in o n a .
AND
GULF RAILROAD
Bouita?
Homer
^DALLAS/
1
Bastropa C(£ “ ns
V
---- —\vMin e° 1
a!
,4yCaufman
\ AfJ
'S I /
N
Rustou
(M om oQ
Rayville
t
e
g
Dura n[t
' ^ i p e 1 A lle“
i1
A,
\ n o ^ -V
KSON
[ V ol. l x x v .
v Tchula'
*
October,
KAiKROAD STOCKS AND BONDS,
1902.]
15
ssoiuta -Prin ci
IN T E R E S T D R DIVIDENDS).
|
Miles D ate Size, or
pal,When Due.
Amount
of
When Where Payable, and by Stocks —Last
of
Par
R ate per
For explanation o f column headings, &o., see notes
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
on llrst page o f tables.
Dividend.
r a il r o a d s
.
—
1902
Chic. < Weal. In d .— Consol. M , $50,000,000, g. f Co"
£
Chicago < West M ich ig a n —See P e k e M a r q . RR.
£
Chicago W isconsin <■ M innesota— See W isconsin C E N T R AL.
£
Choctaw < M em ph is —See Choc . Ok l a h . & G o l f .
£
Choc. Oklah. <t Q u lf R R .— Com. stock, $10,000,000
P referred stock, 5 per cent cum ulative...............
General (now first) mort., $5,500,000, g o ld — c*
Choc. & Mem. 1st M., $3,750,000, ass’d.GP..c<fcr
L.R ock B’ge l e t M., ass’d. g., red. (t e x t ).- .G P .o *
Consol. M. (see tex t), $30,000,000, g o ld .G P ...c *
Car trosts, gold, $50,000 Oct 1, y e a rly — C P .c *
Ser. B, $70,000s.a.to A u g.’06then $75,OOO.GP
Ser. C.,$1,750,000, A p r.,y’rly,begin ’g 1903.G P
W hite a Bl. R iv.V al., 1st M., g , int. gu., end F . c '
C in . D a y to n & Ir o n to n —See Gin . H a m . & D a y t o n .
C in c in n a ti H a m ilto n < D a yton —Common stock....
&
P ref. stock, A & B, 4 p.c. cum., guar, (call at par)
do
“ E a g le ”
4 p.c. cum., guar, (call at par)
N e w preferred 5 per cent non-cum., $8,000,000..
Consol, mort. (now 1st) $ & £ , sink. fund... U s.c*
do
do
$376,000 are 5 p. o.c*
Second m ortgage, gold........................................o*
General m ortgage, $7,800,000, go ld .........M e .o *
Cin. D ayton & Chicago, 1st m o rtg a g e .................
Cin. Day. & Iron., 1st M., g.,gu (assum ed)..C e.c’
C in . In d . < W est—Cin. Ham. & Ind. M., guar.........
6
Ind. Decatur & West. 5n ot g u a r .C e .......................
Is tM . g.,red. a t llO . ) guar. p. & i. (en d.)........... e,
Cin. Ind. & W est. ref. M., $8,200,000.................
Car trusts June 30, 1902........................................
C in c in . <£Ind. We s t — Is tM .. $600,000 call te x t.O B .
C in c in n a ti Leban on & N o rth e rn —1st m ortgage, c
N e w m ortgage, *1,500,000............... ....... ...........
....
283
282
....
962
... .
....
....
67
... .
60
60
69
__
_
95
164
99
30
38
....
1894
1899
1899
1902
1900
1901
1902
1900
•• O
D
____
1875
1875
1887
1892
1892
1891
1873
j 1895
11895
1902
1898
1902
1886
1902
$1,000
$4,000,000
4 g. J. & J. Ill.T r& S .B k .C h ic .& N Y Ju ly 1, 1952
50
50
1,000
1,000
1,000
1,000
1,000
1„000
1,000
1,000
9,827,500 4 ^ in ’01 A .& O .31
Office, Chicago, HI.
6,000,000 5 in 1901 A.&Ov?/
do
do
5,500,000
Philadelphia, Pa.
5 g. J. & J.
3,525,000
5 g. J. & J. Philadelphia and N. Y.
375,000
do
do
6 g. J. & J.
5,062,000
do
do
5 g- M. & N.
200,000
5 g- A. & O. Phila., G irard Trust Co.
8(0,000
do
do
5 g. F. & A.
1,750,000
do
do
4 k g. A . & O.
500,000
c
5 g. J. A J. N. Y „ F irst N a t’l Bank.
100
100
100
8,000,000
Cincinnati.
612,100 4 in 1902 Q .- J .
do
Q .-M .
462,4< 0 4 in 1901
do
6,925,500 5 in 1902 Q .- F .
do
927,000
A. & O. N. Y . ,Kes8ler&Co54W all
7
1,668,000
do
do
5 & 6 A . & 0.
do
do
2,000,000
4 k g. J. & J.
3,000,000
5 g- J. & D. N. Y . , B lair & Co., 33 WaU
4
1,200,000
A .- O . N Y . ,Kessler&Co54W all
do
do
3,500,000
5 g. M. & N.
1,800,000
7
J. & J. N. Y . ,Kessler&Co54W all
2,229,000
5 g. J. & J. N. Y ., C entral Tru st Co.
do
do
933,000
5 g. J. & J.
4
do
do
N e w York.
244.000
See text.
5 £.
T
200,000
5
J. A J. Cinn., Cen.Tr.&S.D.Co.
c
See text.
1,000
1.000
l.oOO
1,000
1,000
1,000
1, >00
1,000
1,000
1,000
i]o o o
ljo o o
A pr.30,’02,3%
Apr.30,’02,21a
Get. 1, 1919
Jan. 1, 1949
Ju ly 1, 1919
M ay 1, 1952
T o Oct., 1905
T o Aug., 1908
A pr., 1903-’ 10
June 30,1980
Oct. 7, ’02. 1%
Sept ,1902,1%
N ov. 8 ,’02. I k
Oct. 1, 1905
Oct. 1, 1905
Jan. 1, 1937
June 1, 1942
A p r. 1, 1942
M ay 1, 1941
Jan. 1, 1903
Jan. 1, 1935
Jan. 1, 1935
Allff. 1. 190S
19.52
Jan., 1916
Tn June, 1902, a ll except $179,600 com. and $56,450 pref. stock w as
T e n a n t s .—B alt. & Ohio, Chicago G reat W estern. Chicago Hammond
& W estern, Suburban R R . Co. o f Chicago. In 1898-99 the St. Louis acquired by the Chicago B ook Islan d & Pacific R y Co., the m inor
P eo ria & Northern Ry. Co. (see Chicago & A lto n ) contracted to be it y stock bein g offered the same price, viz., $80 per $50 share fo r th©
common and $60 fo r the preferred, See V, 74, p. 775, and also p. 829
come a tenant under a 99-year lease, but subsequently E dw ard K .
H arrim an, Jaoeb H. Sehiif, James Stillm an and G eorge J. Gould agreed
986, 1354. The stockholders voted on M ay 3,1902, to purchase th®
that on or b efore Jan. 1, 1904, “ th ey w ill cause th6 Chicago & A lton
Choctaw N orth ern R R ., )37 miles, and the H o t Springs R R ., H o t
R R . Co., or some other corporation satisfactory to the Term inal Com Springs, A rk ., to M alvern, w ith extension to Benton, 40 miles. (8e®
pan y as to responsibility, to becom e the successor to the St. Louis Y . 73, p. 722.) Y . 74, p, 829.
Company as lessee under said lease o f Oct. 1, 1898.” V . 68. p. 1225;
D iv id e n d s .—On pref.: 1898 to 1902, 5 p. e. yearly. On common. 2,
V . 69, p. 7< 3: V 71, p.652. On Dee. 29,190), the L ake Shore & Mich. So., Oct., 1899; 1900, 4; 1901, A p r., 2; Oct., 2 k p. e. cash, and also a 10
Chic.,R. I. & Pa c and N. Y. Chic. & St. Louis began to use the te r p. e. distribution in com. stock. In 1902, A pr., 3 p. c.
minals pending repairs to their old station. Y . 73, p. 1111.
B onds .—The consol, m ortgage o f 1902 is fo r the authorized amount
Se c u r it ie s .—Stock— $13,000,000 comm on and $17,000,000 4 p. c. o f $1,000,000 on the coal properties and $15,000 per m ile fo r each
non-cumulative pref. B o n d s —O f the $16,500,000 1st 4s, $1,305,000 m ile o f railroad now ow ned or h ereafter constructed, an amount
are reserved to retire the assumed bonds; $1,295,000 fo r new property. equal to the outstanding gen. and C. & M. 5s being reserved to retire
L atest E arning s - AmoT'"? 1902.. . .1-Gross, $140,206; net, $61,267 the same. Y. 74, p. 151. In M ay, 1902, $1,< 27,000 was issued t®
purchase the Choctaw,Northern R R. A fte r 1902 the L ittle Roek Bridge
Ju ly 1 to Ju ly 31.
51901........Gross, 132,947; net, 65,865
R e po r t .—R ep ort fo r year ending June 30,1902, given at len gth in 6s are subject to call at 105 fo r sinking fund o f $20,000 yearly.—
(Y. 71, p. 602.) Car trusts, see table above and V. 73, p. 1312,1356’; Y*
Y . 75, p. 791, shows, gross, $1,631,118; net, a fter deducting taxes,
74: ^)*
$632,984; interest, $597,600; bal., sur., $35,384,
R e p o r t .—R ep ort fo r 1900-01 in V. 74, p. 149, 203, 212.
Pres, and Gen. M gr., J. N. Faithorn, Chicago, 111.; Sec and Asst.
T e a r end.
Cross
Cross o f
Net
In te re s t
B a la n ce
Treas., W. T. W isner, 2d, 30 B road St., N. Y .— (V. 75, p. 732, 7 9 1 .)
Oct. 31— o f ra ilr o a d ,
m in in g .
o f both.
a n d taxes, f o r y ea r
C h ic a g o U n i o n T r a n s f e r R y ,- = Y . 72, p. 872; Y . 73, p. 1207.
1 9 0 1 ....... $4,611,351
$655,462 $2,025,044 $607,419 $1,417,625
C h ic a g o Ac W e s t e r n I n d i a n a R R . —Owns a valuable term inal 1900...... . 2,1%2,019 741,486
7
1,228,738
497,834
730,904
system of roads affording entrance into Chicago to the roads nam ed
A v e ra g e m iles operated, 643 m iles in 1900-01, against 565 inl899-O0
below. Its lines extend from D earborn Station, P o lk Street, Chicago,
From surplus a bove shown w ere paid dividends as follow s: In 1900-1
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
on p ref., 5 p. e. ($300,000), and on common 4 k p. c. ($320,000), and’
Cragin, 16 miles, and to South Chicago, 5 m iles ; total, 48 miles; to ta l $120,000 fo r equipm ent ren ew a l funds; in 1899-0, on pref. 5 p. o.
track, including 2d, 3d, 4th tracks and sidings, 220 m ile s ; also owns ($248,382), and on common 4 p. c. ($184,745) and $75,000 fo r equip
about 900 acres o f real estate, passenger and freigh t yards, warehouses, m ent renew al fund. Coal output in 1900-01, 448.497 tons
Pres
elevators, etc. The B e lt Ry. o f Chicago leases and operates 76 miles o f Wm. B. Leeds; Sec., Geo. H. Crosby; Treas., F. E. Hayne. D irector’s
the 220 m iles owned b y the Ch. < W. I . , its securities being all held by May, 1902. V. 74, p. 986, 1 3 0 7 .-(V . 74, p. 1354; Y . 75, p. 239.)
fc
the companies leasing the C h ic a g o ^ W. I.; see Y . 60, p. 1058.
C l n e l e n a t l G e o r g e t o w n & F o r t s m o i i t l i RJK.—See Str e e t
“ L e a s e s .—T his company’ s road and term inals are leased under per R a il w a y S u pple m e n t .
petual contracts to the Wabash, the Ohio. & Grand Trunk, the Chieago &
C i n c i n n a t i H a m i l t o n & SSaytom M y . — (See M a p .)—Operates a
Eastern Illinois, the Chicago & E rie and the Chicago In dian ap olis St
Louisville, each of which five companies owns $1,000,000 stock. T h ey direct line betw een Cincinnati and Toledo, Ohio, w ith branches to
Indianapolis, Ind., and Iron ton , on the N o rfolk & W estern, etc.
are also leased to the Atchison, the E lg in J o liet & Eastern and the B e lt
R ailw ay. The annual rentals must alw ays exceed b y at least 20 per
H is t o r y , E tc .—In July. 1895, consolidated w ith the Cin. Dayton:
& Iron ton and Cin. D. & Chicago under the name o f Cin. Ham. & D ayton
cent the interest on the bonds outstanding.
R a ilw ay. V. 60, p. 1104; Y. 61, p. 68. Cincinnati Indiana & W estern
D iv id e n d s .— ) ’ 92-94. ’95. ’ 96. ’ 97. ’ 98 ’ 99. ’ 00. ’01.
1902.
is operated in connection w ith the O H. & D. system. Since N ov
P e r c e n t.
$ 6 y ’ rly. 7 k
6
6
6
6
6
6
6
1901, the F in dlay F o rt W ayne Ac W est. R y., F ied la y, Q., to Fort W ayne’
B o n d s .—T he general m ortgage bonds become subject to sinking Ind., 80 miles, has been operated fo r its owners. The bonds o f the
fund in 1903, and w ill be drawn at 105 and in terest in such annual Fm dlay road h ave not been assumed. V. 73. p. 1111.
amounts as w ill retire the debt b y maturity. V .7 3 , p 31.
R oa d owned — (1 See this Co.)M iles.
1
P r o p r ie ta r y roads —
M iles.
Of the consoL 4s o f 1902 (authorized issue $50,000,000) $4,000,000 Cincinnati to D ayton, O ...... .
60 Cincinnati Ind. & W estern .. lf37S>
has been - old on account o f track elevation and other im provem ents, D ayton to Deans, O ..................176 Cincinnati Ac D ayton.........
14
$4,35’ ,000 additional m ay be used fo r i~irnilar purpo es, $10,014,000 D ayton to Delphos, O ............. 98 Columbus F in dlay & Northern! IS
are reserved to retire the outstanding first and general m ortgage T r a c k a g e .................................. 13 B ow lin g Green R R ................ 21
bonds and $31,631,000 fo r future additions, equal to at least the par
Plqu a < T r o y Branch.............
fe
g
valu e o f the bonds is sued. V . 'i 5, p. 732.
Roads leased —
O perated —
Dayton < M ichigan............... 11142 ITFindlay.O., to Ft. W ayne, Ind. 80
fe
A n n u a l R eport —Fiscal year ends Dec. 31. R ep ort fo r 1900 was in
3
V. 72, p. 1185. In 1901, gross incom e, $906,382; interest, etc., $625,- Home A ven u e R R ....................
T o ta l o f a ll................... 1 Q12
701; dividends, $300,000; bal., deficit, $19,319.—(V. 75, p. 341, 732.)
Owns jo in tly with Clev. Cinn. Ch. A St, L. the Dayton & Union. Am
C h ic a g o Ac W e s t R i c h . —See P e re M arquette R R
extension o f the Indiana D ecatur & W estern, from Decatur to Spriair
C h ic a g o \V1*. Ac I t l l n n . —Sold in 1899 to Wisconsin Central Ry,
field, 42 miles, was com pleted in M ay, 1902. V. 72, p, 1236.
C h ili i ia h u a Ac P a c i f i c R R . —Completed Apr., 1900,from Chihua
St o c k .—N ew preferred is en titled to 5 per cent, then common to 5
hua, Mexico, to Minaca, 125 miles. Subsidies by M exican G overn per cent; then both share equally. V. 69, p, 1300.
ment Jn its 5 per cent in terior sinking fund bonds are: On 125
D iv id e n d s since consolidation—
N o v., 1895 to Nov., 1902
miles completed (already received), $1,400,000; on second and third
5% yea rly (Q-F)
sections will aggregate $4,750,000. These subsidies were In Oct., N ew preferred, Issued in 1895..........................
B o n d s .—General mort. covers the perpetual lease o f the Dayton &
1900, transferred to K. C. M. & O. from Chihuahua to i'aciflc Coast,
the K. n. M & O h aving a ) 0-.\ ear trackage agreem ent o ver the en tire Michigan, the profits under which a rela rge. V. 54, p. 799; V. 55, p. 373
line. See K. O. M. A O. statem ent and V. 71, p. 181. Stock is $2,c
The stockholders voted on Deo. 11, 1900, to authorize a refunding
500,000, all issued; par o f shares, $100. No bonds Issued to Oct., m ortgage at not exceeding 4 per cent to take care o f the m aturing
Indebtedness and con vert the fixed leasehold and other obligations;,
1902.—(V. 66, p. 573; V. 71, p. 181.)
f h o e t a w Ac M e m p h i s R R . —S ee Choctaw Oklahoma & G u lf RR. to purchase railroads held under lease or operating contract; also to
reduce the interest on t he Cin. Dayton & Chicago treasury bonds from
C h o c t a w O k l a h o m a Ac G u l f H R . —(fin e M a p . ) —Operates:
5 to 4 per cent and sell the same. V. 71, p. 1012, 1219; V. 73, p. 840.
R oo d Owned —
M iles. H ot8 p rIn gs,A rk .,to M alvern
40
G u a r a n t ie s .- Guarantees securities o f Cin. Hamilton A Ind. and
Havre. O.T., to A mat illo, Tex. 781
Leased—
Dayton A Michigan; also $933,000 Indiana Decatur A W estern first
c
Halley v111e., I. T .,to Ardmore. 1 16 W hite A Black R iv e r Valley,
c
5 b. V. 69, p. 795. A s to control o f Cin. N. O. A T .
see that Co.
Hhav Itee, i . t ., to Asher................. 25 Brinkley to J’k son port, Arif.
64
R e po r t .—Fiscal year ends June 30. Report In V. 7,3. p, 839 , showed?
Geary, (>. T „ to A lv a and
T e a end. . u n e 30 —
1901
1902,
1900.
A m bony, Kan
137
T o t a l.... .............................I 163 Gross rearnings......... ......... .........
.$6,852,104 $5,837.91 6 $5,735,530
In July, 1902, extension was under construction from Guthrie to
N e t earnings.................... .......... . 2,0 H.lOH
1,806,002
1,728,848
the main line at or near Ifa lle v v lllc , 1. T., 170 miles, wiih brunch to
Deduct Interest on bonds...........
886,010
846,970
Shawnee, 30 miles, under title o f < h< otaw Oklahoma a G ulf Uuit/way
D Iv ,p re f,sto c k i). A M . R R . . . . . .
96,000
96,900
96,900
w ith $ i .000.000 stock
V 74, p 1.186 In Aug.. 1902, extension was
D lv . corn, stock I). At M . H U ........
84,066
84,066
84.067
proposed southwest from Am arillo, Tex., 135 miles, to Teoumserara,
Div, com.stock lIo tn c A v o . H R ..
3,268
2,924
3,219N. M. at a connect Ion with the El I’aso line o f the Rock isisnd. V.
D lv. pref. s ock (J. II. Ac D . R y ...
380,225
389,211
387,138
75, p. 393. The .searoy At Des A re B it.. Searcy to Dos Arc, A rk., 2 4 ‘v
miles, was acquired In • cpt., 1902, V. 75, p 7,94
J
T o ta l..........................................$1,4 60,070 $1,438,818 $ 1 ,4 1 8 ,2 9 4
H (s t o u t ,—A reorganization of the Choctaw Coal A H allway Co.,sold
t.
$367,154
$ 3 1 0 ,5 5 4
In foreclosure Hept.O, 1894. Holds valuable coal leases. The Chootaw Surplus.................. ......................... $558,038
Bros.. M. I). W oodford, Cincinnati, O. -<V . 73, p. 8 3 0 , 1061, 1 1 I I ; V .
A Memphis HR,, form erly leased, was m erged in June, 1000, V. 70, p.
75, p. 230, 848.)
944. The White A Black R iver Val. H R is leased for so years from
t.
July 1, 1900, Interest on $500,000 five p ercen t bonds being gu aran
C i n c i n n a t i H n m l l t o u At ■ i i < I liin iip o )t * J t y .—Merged In A.ttg.
teed fo r llrst ten years and on $600,000 thereafter. V. 72, p. J H9.
1902, in Cincinnati Indianapolis A Western RR. (v , 75, p 289 )
t.
Kalam azoo"
M
A P
O E
T H
"Ann Arbor'
Jackson!
E
91
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October, i902.
KA1LROAD STOCKS AJS’D BONDS.
i
47
B o n d s - ± riuoJIN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,When Due.
Am ount
of
of
Par
When
r o r explanation of column headings, Ac., see notes
Outstanding R ate per Payable W here Payable, and by Slocks— Last
Road. Bonds Value.
Whom.
Cent.
Dividend.
on first page o f tables.
R A ILR O A D S .
C in .< M u sk in g u m Y a t.R R .— 1st M. $2,000,000, g-Fo*
&
0. N . ()■ tC T. P. Jc., pref. St„ 5% cum., $3,000,000.
C in c in n a ti Northern,— 1st M., $3,0u0,000, g.G .o'& r
Cin. R ich m on d < Ft. W .- 1st mort., gold, int. gu.c*
6
Ctn. R ich . & M un.— 1st M.. $10,000 p. m., g.O R .c*
Hoosier Equip. 1st M., ser. A, guar. p. & i R R ...
C lea rfield < M a h o n in g —Stock, 6 per cent rental..
£
1st m ortgage, gold, guar. B. R. A P ......... <5.c*&r
Olevel'd A k ro n dt O otum b. —Stock, $1,000,000.......
148
....
... .
86
168
50
....
26
....
177
138
Gen. m ortgage (now 1st,) g ................... ............. o
1st consol. M., $4,600,000, gold, s. f., see t e x t ---C le v e la n d C i n c i n n a t i C h ic a g o & S t. L o u i s —
. __ „
Common stock ($28,700,000 authorized)............
....
Preferred stock, 5 per cent, non-cumulative.........
C. I. St. L. A C. con. M ..d ra w n a tl0 5 , s.f. 1 p. 0. 0* 175
Gen. 1st M.. $10,000,000 g., s.f. not dr’ n.Ce.c&r ... .
391
Cleve. Col. Cin. A Ind. Consoi. mort. (see t e x t )...
Gen. consol, mort. ($12,000,000) gold..Fs.o*<fcr 391
72
Indian A St. L. 1st M., in 3 ser. o f $ 66 7,000 .Fs.c
72
2d M. ($2,000,000), gold, Lndianap. to Terre H c.
62
CLCin.Ch.ASt.L., W hite Wat. Val. D iv, 1st, g.Ce.c*
45
Spr. A Col. Div. (Col. 8p. A Cin.), 1st M., g.Oe.e*
Cairo D ivision 1st M., $5,000,000, gold ..C e .c ' 267
St. L. D iv., coll, tr., g. ($351,000 in s. fJ C e .c A r 194
203
Cin. Wab, A Mich, Div. 1st mort., gold.. C s . c '
Gen. mort. lO O yearlor $50,000,000 g .M e .e ’ &r 1,021
Ob lig atio n s
fo b
P b o p b ie t a k y L in e s .
Cincinnati Sandusky A Cleveland—Pref. s to ck ...
Consol, (now 1st) M. ($3,000,000) g o ld .. .A R .o
Parr trusts, payable m on th ly................................
Louisv. A Jeffersonv. Bridge 1st M.—See that Co.
$1,500,000
4 g.
2,OOu.OOO
1,000,000
4 g.
1,800,000
7 g.
1.680,000
5 g5 g.
See text.
1,000
50 ,000
5 g
6
50
7: 0,000
1,000
1893
650,000
5 g.
100
4,000,000 2 in 1902
1887 500 Ao.
1,800,000
5 g.
1900
1,000
1,782,000
4 g.
1898
... .
190i
1871
1900
1902
1902
$1,000
100
1,000
1,000
1,000
F. A A.
Q .-M .
J & J.
J. A D.
A. A O.
F. A A.
J. A J.
J. A J.
J. A J.
M. & S.
M. A 8.
F. A A.
Co. Aug. 1, 1948
Sept.l ,’0 2 ,114
Co. July 1, 1951
Co. June 1, 1921
Co. Oct. 1, 1950
Feb. 1, 1952
Bostrn, Bost. S D. A Tr. July, ’ 03-’ 12
July 1, 1902
Checks mailed.
N. Y ., G uaranty Tr. Co. Jan. 1, 1943
Checks maile i.
Sept. 25. ’02, 1
H am ilton Tr., B’ klyn. Mch. 1, 1927
N. Y ., W inslow , L .A Co. Aug. 1, 1940
N .Y ., Farm. L . A T r .
Cincinnati.
N Y ., G uaranty Tr.
N. Y ., W inslow, L. A
Bost., O. Ool. Trust
....
100 27,989,310 4 in 1902 M. A S. N,Y.,J. P. M organ A Co. Sept. 2/02, 2%
Oot.20/02, l i *
... .
100 10,000,000 5 in 1902 Q .-J .
do
do
1880
1,000
675,000
6
M. A N.
do
do
M ay 1, 1920
7,684,000
Q .- F .
do
do
Aug. 1, 1936
1886 l.OOO&c
4 g.
1874
1,000
4,138,000 7 or 6 g. J. A D.
do
do
June 1, 1914
1884
Jan. 1, 1934
1,000
3,205,000
do
do
6 g. J. A J.
1,000
7
Various
do
do
July 1, 1919
1869
2,000,000
1882
1,000
500,000
do
do
N ov. 1, 1912
6 g. M. A N.
1890
July 1, 1940
1,000
650.000
do
do
4 g. J. A J.
1890 500 Ac.
do
do
Sept. 1, 1940
1,103,730
4 g. M. A S.
Jan. 1, 1939
1890
1,000
5,000.000
do
do
4 g. J. A J.
1890 l.OOOAc 10,000,000
N ov. 1, 1990
do
do
4 g. M. A N.
Ju ly 1, 1991
do
do
1891
1,000
4,000,000
4 g. J. A J.
1893
1,000 16,657,000
June 1, 1993
4 g. J. A D.
do
do
....
....
170
1888
1900
50
1,000
428,997
2,571,000
See text.
6
M. A N.
5 g. J. A J.
5
do
do
do
do
N o v. 1/02, 3%
Jan. 1. 1928
T o 1905
C i n c i n n a t i & I n d i a n a W e s t e r n R R , - U n d e r construction
Successor in June, 1897, o f Cincinnati Jackson A M ackinaw , forefrom Cincinnati, O., to a connection w ith the r incinnati Richmond & closed.—V, 67, p. 621; V. 72, p. 338, 1034, 1135; V. 73, p. 31.
Muncie RR. (see b elow ) at a point in Butler County, on the State line
In July, 1901, President In ga lls o f tbe Cleve. Cinn. Chic. & St. Lou is
betw een Indiana and Ohio about 30 miles. Stock increased M ay, was elected President, control h aving been acquired by that road. Th e
1902, from $500,000 t >$900.OOo. Bonds are subject to call at 110 holdings o f C lev <'in. Ch & St. L. are valued in balance sheet o f June
30, 1902 at $1,091,955. V 75. p. 454. 457.
after 10 years.—(V. 74, p. 1 95.)
s to c k , reduced to *3,000,000 from $6,800,000 in Sept., 1901.
C i n c i n n a t i I n d i a n a p o l i s <fc W e s t e r n R R . — (S e e M a p C . H ’
B onds .—In Sept., 1901, made above m ortgage.—V. 73, p. 783.
& D . ) H am ilton, O., to Spr nafield. 11., 293 miles; Sidell 111., to W est
R e po r t .—For calendar year: in 1901, gross, $639,238; net, $89,591;
Liberty. 78 miles; track ge. WVst L ib erty to Olney, 8 miles; total, 379
miles. A con<olidation in Sept., 1902, o f the Cincinnati H am ilton A in 1900, gross, $640,108; net, $97,059.
Prest., M. E. Ingalls. See report, V. 70, p. 581.—(V. 74, p. 326, 378.)
In dian apolis Ry., Tndiana Deoatur & W estern Ry. and Springfield &
C i n c i n n a t i R i c h m o i x l Ac F o r t W a y n e R R . —Owns from R ich
D ecatur RR. V. 75, p. 239, 289. 497, 732. Stock au th„ $8,200.o00.
B on d s .—T he stockhol lers on Ju ly 31,1902, authorized a refunding mond, Ind., to Adams, Ind., 86 m iles; leases 5 miles o f P. F. W. A C.
(Deo., 1901), by Grand Rapids & Indiana R y.
m ortgage to secure *8,200,600 4 per cent bonds, o f which $1 80" 000 N ow operated
reserved to take up the C. H A T 7s due Jan. 1,1903. and $3,162,000 Rental, net earnings. In terest is guaranteed by the Pennsylvania Co.
fo r the I, D. A W. 5s. due 1935 balance fo r extensions, im provem ents and Pittsburg Cin. Chicago & 8t. L. Co. jointly (the P. C. C. & St. L .
taking the place o f the Cin. H am ilton A D ayton in 1888). Stock, $1,and equipments Y . 75. p. 239.
The I D. & W. bonds ate redeem able b y lo t at 110 at any tim e on 709,313—par, $50, o f which Penn. Co. Jan 1, 1902, ow ned
eight weeks’ notice; $933,000 are guaranteed b y Cin, H am , & Day., $1,256,900. Due guarantors Jan. 1, 1902, $1,384,877.
Tear end. Dec.31. dross.
Net.
Interest,<£c.
B a la n ce.
which guarantees also the C. H. & I. 7s.
$131,005
$126,000
sur. $5,005
Y e a r ending June 30, 1901, c o m b in e earnings o f companies consoli 1 9 0 1 ................. $560,200
1900................... 514,113
121,739
126,000
def.4,261
dated. w ere $1,622,510; net, $405,313; to ta l deduc tions, $305,330;
C i n c i n n a t i R i c h m o n d A M u n c i e R R . —Cottage G rove, Ind.,
bal., sur., $100,212 - Y. 75, p. 23<T289, 497, 732, 849.)
to North Judson, 168 miles; under construction from North J u dsonto
C i n c i n n a t i J a c k s o n < c M a c h i n a w R R . —See Cin. Northern.
S
Hammond, Ind. (near Chicago), 50 miles. In connection w ith the
C i n c i n n a t i L e b a n o n & N o r t h e r n 8-*y.—Cincinnati, O,, to Cincinnati A ndiana W estern RR. (see above) w ill form a through
Dodds, 36 miles; branches, 2 miles. Controlled b y Penn. R R. in ter
lm e betw een Cincinnati and Chicago, probably under the name o f the
est». Th e stockholders w ere to vo te on July 10. 1902, on purchasing Chicago & Cincinnati Ry. V. 74, p. 1195. Laid with 70-lb. steel rails.
the M iddletow n A Cincinnati RR., M idnletow n to M iddletow n Jet., 14 Stock authorized, $3,450,000. Both issues o f bonds are subject to
miles. V, 74, p. 1251. Stock authorized, $1,000,000: outstanding, call at l l o a fter 10 years from their date. See rtficial statement, V.
$993,000. Th e stockholders w ere to vo te on Oct. 24,1902, on Increas- 71, p. 1066; V. 74, p 1195.
President, W. A . Bradford Jr.; Sec. and
in g th e stock to $ 1, 500,000, V. 5, p. 665. Th e stockholders voted Treas., R o ger N. A llen , 40 W ater St., Boston.—(V. 75, p. 393.)
on Oct 30, 1902, to authorize a m ortgage to secure *1,500,000 bonds,
u le
hon
( See
—O n *
o f w hich $200 OcO w ere used to r e ilie the $ 200,000 o f 1886, and the road, a r f i e l d & M a 1893,i n g B y .—Bois M a p B u f. Koch. <£ P a ts .)R. AwP .,
completed in
from Du
Juno, Penn., on Buff.
bala' ce w ere issuable to pay fo r the acquisition o f the M iddleton A Cin to Clearfield on Beech Creek R R., 26 miles. Leased during corporate,
cinnati R R , 14 miles, term in al property at Cincinnati, etc. V. 75, existence and renewals thereof to Buffalo Rochester & P ittsb u rg—
p. 497
B III b payable issued to retire “ special m ortgage bonds,”
which see—at a rental payable in gold and equal to 6 per cent on
$120,000. Y e a r ending Dec. 31, 1901, gross, $180,803; net, $33,896; $750,000 stock, p ar $50, and 5 per cent on bonds, the la tter being guar,
charges, $15,090 - ( V . 74, p. 1195,1251; Y .7 5 ,p , 289, 497 665.)
p. < i., by indorsem ent on each. -(V . 61, p. 710 )
fc
C i n c i n n a t i & L i c k i n g R i v e r R R . —B rooksville to W ellsburg,
C l e v e l a n d A k r o n & C o ln m h iix s R a i l w a y . —Owns from H u d
10 miles, and H illsboro to Johnson, 17 miles. In Aug, 1901, under
son, O., to Columbus, O., 144 miles; Dresden branch, Kilbuok to T rin
construction from B rooksville to Johnson Jet., 28 miles. Extension
way, 33 miles; A p p le Creek branch, 9 miles; coal spurs, 11 miles; to ta l
also jiroposed in 1902 from Hillsboro to Morehead, 20 miles, m aking owned, 197 miles; trackage Trinw ay to Zanesville, 17 miles.
75 miles in all. Stock, $200,000. A ll old bonds w ill be retired. Vice
Penn. Co. took control June 1,1899, purchasing $2,237,500 o f the
Pres, and Gen. Mgr., Y . Alexander, Brooksville, K y .— (V. 70, p. 1194 )
*4,000,000 stock (par $100). D ividends, 2 p. <;., paid Sept., 1901;
C i n c i n n a t i Ac M u s k i n g u m V a l l e y R R . . — (See m a p o f P itts b u rg 1902, 2 p. c. (M -S .) O f the 1st consol, gold 4s o f 1900 Comm er
C in c in n a ti C hicago < St. L o u is .)— O w ns'M orrow , Ohio, to Trinw ay, O., cial Trust Co. o f Philadelphia, trustee), $1,800,900 are reserved to
&
148 miles. Successor on A u g. 1, 1898, to the Cm. A Musk. Val. By., retire the gen. 5s due 1927. V . 71, p. 390. Report fo r year ending
June 30, 1901, was in V, 73, p. ^55. In calendar year 1901, gross,
foreclosed June 29, 1898, and purchased in the interest o f Penn. RR.
1,250,913; uet, *322,435; other Income, $5,753; charges, $162,601:
V. 67, p. 27. O f the bondB $500,000 are reserved fo r future needs;
sinking fund retires yearly one per cent of those outstanding, if o f
iv. \2 p. o.) $80,000;bal., sur.,$85,587.—(V. 73, p. 9 , 5 . )
fered at par or less. Stock, $2,000,000; par $100; all issued. D ivi
C l e v e l a n d C i n c i n n a t i C h i c a g o & S t. L o u i s R y (See M a p .)—
dends: 2 p, c., June 25, 1900; Deo. 31, 4 p.|o.; 1901, D eo.31,2p o. Penn
R o a d .—Operates a system o f roads radiating from Indianapolis,
sylvania RR. owns $754,000 o f $1,500,000 bonds. V. 55, p. 1078.
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and east
E a r n in g s .—F iscal year ends Dec. 31. R ep ort fo r 1900, V. 72, p. 984
erly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, and
Tr.enM. Dec. 31.
Cross
vet
In te re s t.
* B alan ce.
southerly to Louisville, with branches. In July, 1901, control o f the
1901.......................$571,032
$110,141
$60,000
$50,141 Cincinnati Northern RR., Franklin, O., to JaoKson, Mioh., 205 miles,
1900....................... 541,629
103,44 2
60,000
4 3,442
was acquired . V. 73, p. 137, 497; V. 75, p 454, 457. In Aug., 1902,
* In 1900 6 p o. was paid from accumulated surplus. In 1901, 2 p. e. Interests identified w ith the company purchased the entire stock and
($10,000) was paid.— (V 72, p. 9 8 4 .)
n early a ll the bonds o f the Chicago & Southeastern Ry.. Muncie to
C i n c i n n a t i f i e w O r le a n s A T e x a s P a c i f i c R y . — (S e c M a p o f Brazil, ino., 137 miles, including truckage B row n ’s V a lley to sand
Creek, 1 2 miles, but the road w ill be operated independently. V. 75,
S o u t h e r n I t y ) -O perates Cincinnati Southern Ry,, owned b y city of
Cincinnati, Cincinnati to Chattanooga, Term. 336 m.; trackage, 2 in. p. 497, 611. As shown on man, the system comprises; u See this eo.
In 1901 lease was extended 60 years to Oct. 12, 1966; rental under
O uned d ire c tly —
Miles.
i,eased
controlled .
M iles,
present term was modified beginning July 12, 1902. to $1,050,000 Cleveland, 0 .,t6 Columbus,O.. 138 Cincinnati A Springfield R y.—
yearly, the rem aining $50,oo0 per quarter to be deferred as It accrues Gallon, O., to Indianapolis...... 203
Lud.G’ ve(0m .fr,Oin.)to Day’ n 48
and to be paid quarterly at rate o f $40,000 yearly, with interest on
Delaware to Springfield........... 50
a No debt, or bonds all owned.
deferred paym ents at 3 per cent; ren al under renewal to be $1,050,- Cincinnati to L a fa yette ............. 175 Colum. IIop e& G reen sb’g R R .— 26
000 yearly for first 20 years, then $ i,1 0 o.,i0o fo r 20 years, thereafter
Indianapolis to Terre H a u te___ 72
Trackage Into Cincinnati, A c. 32
$1,200,'0 O .-V 73, p 722; V 74, p. 1251. Preferred stock, 5 p. o. Harrison Branch...................... 7 Trackage into J e ffe rs o n v ille .)
corn., $3,000,000, has been authorized, w ith no voting power, but prior
Leased—en tire si'Ic owned —
B. A O. S. W ........................ \ 53
rights mi dissolution. O f this, the $2,060,000 to be issued for im prove Oinoin. La fa yette & Chio. Ry.— 57
ments underj extension of the Lease was purchased at. par by the Cairo Vincennes A Chic. Ry.—
Total included in earns... 1.891
holders of the common stock. the remaining $1,000,000 to tie reserved
Cairo, 111,, to Tilton Abrauoh-267
Operated; earns, kept separate —
fo r future requirement ’. V. 74, p, 528, 829.
Ht. Lou. D iv.T . if. to H. St. L.193 Peoria A East’n Ry. (II). ~
352
D i v id e n d . First quarterly dividend on prof., l t j p. o., paid 8ept. Columbus Springfield A Cin.—
Kankakee A Seneca R R .—
42
1,1902. V. 75, p. 841.
Columbus, < )., to Springfield.. 45 M-t. Gilead Short Lin e.........
2
White W ater Harrison, Hid., to
St o c k . -Common, $3,000,000, controlled in Interest o f Southern Ky.
Hagerstown, fnd................... 62
Total o f system June 30/02.2,287
and cm dnnati Ham ilton A Day ton Ry. V. 01, p. 20; V. 65, p, 1173,
Cin. Wabash A Michigan Ry.
Trackage In . Cent, into Ohio..
Car trusts June 30, 1902, $92,594.
Benton liarli. to Rushv. A Br.249
On percentage basis ___...
L atmht E a r n s . - 2 mos., j 1902
.... Gross, $976,557; net, $250/39 I Other lines (a) ....................... . 44
O p era tes Independently—
July 1 to Aug. 31.
(1 9 0 1 ..
.Gross, 919,233; net, 240,759 Oinoin. Sandusky A Cleve, tty.Dayton A Un. RR, (1j).........
A n n u a l R e p o r t ,—R eport for 1900-1 was in V. 73, p. 135 1 In
.
Hand'nlty, O., to ITayt'n, O.oto, 17o Double track
........................ 102
1001-2, gross, $6,600,401; net, *1,420,810, (against $1,299,-27 in | The company Is also one fourth owner of Peoria A Pekin Union Ky.,
1900-01); other income, *20,257; rentals,$1,21 •,269; int.cn I, 20,257;
(through tiie Peoria A Fast, Ry.), one-seventh owner In Term inal HR.
balance, surplus, $209,134, agst. surplus $179,132 in 1900 01. (V. 74, Ass’ n uf H Louis and two fifths owner of Indianapolis Union Ry. and
1
p. 1251; V. 75, p. 34.1.)
part ow ner o f Dayton A Union, which Is operated independently.
C i n c i n n a t i N o r t h e r n It I t . —(See M ap C leveland d in . Ohicauo it.
UisTortY, e t c .- a consolidation o f the Cincinnati Indianapolis Ht.
SI. L..J —Owns Fran kiln, O., to Jackson, Mich., 208 miles; trackage (O.
Louis A Chicago Railway Company, tile Cleveland OolUItlbun Olnoln0. O. A 8 t, L.), Franklin to Cincinnati, 38 in.; at Jackson, I in.
A Indianapolis R ailw ay Company and the Indianapolis A St. Lou is
f
nat)
/Kalamazoo Jc.
Allegan's
cm.
~
'W'.
N7
BENTON
w m m
/c\
L A K E
&
Corrv/
vSavanna
Kal‘
Kalb
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Geneva/
y
rvT^
Wheatland W.
&
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d
gf
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Bend
IT
*
’ < / New Paris
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Q
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oungstow t
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&
/in ce/nes^
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/Washington
C \
Sutton
Williams town
,
Ashlandb
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o
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Lexington ^
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t i
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fs t
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Elizabctjaown
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CA
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IV
J
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Richmond,
, Jackson
K
towlani
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pmjuiaclj
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Mammoth Cavec
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l\ IM B
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/
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Mar Union,
Mineral Point
A'nnapolisi
R
^C^lGSterling'
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Bto
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—
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tnnel Hill/
Vienna^
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I
Charleston
Frai
. v/
Bismarck
V
'Barboursville
Durti
Pickens;
>Greendale
nncoln Cily j
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reston ,
*
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omeroy.
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Iv'’
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v
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a
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c>A
ffl H a ™ n ^
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•
Fayettev
1Mounds ville
g^y
Xyv ’ Decatur
Bluffs Jacksonville
Winchester l
i
\
flj
'O
iraen
Hoodhouse
4;
</>
ifl
co
^Wheeling
M
WAB.
no
Essex-
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, Corbin
/Thurmond
s
/
/
MAP OP THE
C LEV ELA N D , C IN C INN ATI,
CHICAGO & S T . LOUIS RY.
t- 1
X
X
October,
1902,
RAILROAD STOCKS AND BONDS.
49
/ionds-Princi
IN T E R E S T O R D IV ID E N D S .
pal,When Due.
Miles Date Size, or
Am ount
R ate P er When W here Payable, and by Stocks—L a s t
of
of
Par
For explanation o f column headings, * 0., see notes
Outstanding
Whom.
Payable
Dividend.
Cent.
Road. Bonds Value.
on first page o f tables.
R A IL R O A D S .
Cleve. C olum b. G in . < In d ia n a p .— See C l e v e . C in . Ch ic . & ST. L ou is.
£
Oleve. In d ia n a p . St. L o u is <t Okie. —See C l e v . C in . CHIC. & St . L ouis .
$100
Cleveland L o r a in < Wheel.—Pref. stock $5,000,000.
£
$5,000,000
5,000,000
1,000
5 g. A. & O.
Consol, mort (now 1st) g. Sec tex t. U « m ... c" i'92 1893
893,000
192 1896
1,000
5 g. J. & D.
General m ortgage. $1,000,000, gold, red. 105.N..
....
950,000
1900
4%g. J. A J.
1,000
Con.ref. M., $ lu ,000,000, g., red. at 102% .Col.c*
98,852
J. A J,
5
Car trusts (due $6,302 m onthly) June 30, 1901..
2,935,000
i ‘25 1888 1,000&C
5 g. See te x t
Clev. < M. V.—Con. M. (now 1st) $3,000,000,g. Ce.c&r
6
1,250,000
103 1895
1,000
4% g. M. A N.
Clev. < M ar.—1st M., s. L , not dr’n, gold. gu ar.F.c*
£
7
Q. - M .
....
DO 11,226,150
Cleve. < Pittsb . —Stock, 7 p. c. guar, b y Penn. RR.Co
2
4% g.
X
4,561.000
201 1892
„
„,
. u ( Series A A B ...c*
1,000
Geu. M., $10,000,000J ? , gold S gerj ea q A D . . . c* 201 '98 ’00 1,000
4,933,000
3% g.
y
Guar. p. & 1 (end.) Pa. R R - ^ 8er. B> lnt. red ...
.
439,000
3%g A . A 0.
201 1892
1,000
C leveland T e rm in a l < V alley— See B a l t . & O h io .
£
2,500,000
200 1900
1,000
G oa h u ila i£ P a c i f i c - 1st M., gold, $2,500,- 00----c*
5 g- F . A A
600,000
6
J. A D.
13 1868 100 &C.
Colebrookdale —lstM.,$593,400,und. Read. M. o f’96c
8,946,000
259 1897
1,000
4 g- J. A J.
C olorado M id la n d — 1st mort., $10,000.000.C e...c*
26% 1897
500,000
1,000
5 g. M. A S.
C olora d o < N orthw estern —1st M , gold. H e ...........
£
31,000,000
100
—
___
C olorad o <■S o u th ern Common stock, $31,000,000
£
8,500,000 3% i n ’02 A. A 0.
100
1st pref., 4 per cent, non-cum., $8,500,000.........
8,500,000
1882
100
2d pref., 4 per cent, non-cum., $8,500,000.........
1,000 *18,474,000
1st m ortgage, gold, $20,000,000.C e ................ 0* 1,086 1899
4 g. F. A A.
1900
567.367
Car trust notes June 30, 1902, due m onthly ...
1,977,000
1,000
'V o 1900
Col. Sp. < Or. C r.D . R y .— Is tM . $2,060,000,g.s.f.Ce
&
5 g. J. A J.
70 1901
1,000 000
1.000
2d m ortgage, $1,000,000, gold, sinking fund. ...
5 g. A . A O.
899,000
75 1S87
1,000
-Col. Newb <t L a u r e n s —1st M., $12,000 p. m .S B a .
6 g. J. & J.
500,000
1895
......
Col. W y om in g < Gt. N o .— 1st M., $6,000,600, g .. c*
&
5 g- M. A N.
700,000
71 1898
C olu m b ia So ‘ th e m —1st M., gold, $2,100,000.N . . .
5 g- J. A D.
C o lu m b ia < G reen ville —See So u thern R v .........
&
C o lu m b u s S o c k . V a l. & T o le d o —See Hocking V alle y E y.
x Series “ A ” J. A. J; “ B ” A . & 0.;
y “ C ” M. & N.;
‘D ” F. & A. ,
R a ilw a y Company, made In July, 1889, per plan in V . 48, p. 427. Of
the common stock, ¥11,225,400 was on Jan. 1, 1901, owned b y the
Lake 8hore & Mich. So. Ry., this amount, togeth er w ith the p riva te
holdings in both stocks b y the V anderbilt fam ily, being understood to
constitute a m ajority o f the entire share capital. V. 72, p. 86.
Ca p it a l Stock :.—On Jan. 1, 1890, the common stock was $20,500,000; it has been increased to present figure to acquire stocks o f lines
absorbed, etc. D ividends on common stock w ere resumed in 1900.
D iv ’ ds .— ’ 90 ’ 91 ’ 92 ’ 93 ’94 ’ 95 ’ 96 ’ 97 ’98 ’ 99 ’ 00 ’ 01
1902
C o m . ..) 4 p. c. 3 3 3
0 0
0
0
0 0 3
3%
4
P r e f ... $
5
5 5 5
5 5 5
2% 5 5 5 5 5
5
In 1901, on common, Mar., U s p. c.; Sept., 2 p. c. V . 73, p. 82.
B onds .—The sinking fund provision o f the Cleveland C olu m bu s C in
c in n a ti eg In d ia n a p o lis consol, bonds (stamped) has been canceled. The
principal o f these bonds is payable in gold, but the interest is payable
at option of holder either in la w fu l m on ej^at 7 p er cent per annum or
In British sterling at 6 p. c. O f the In d ia n a p o lis < 8 t. L o u is first 7s
6
series “ A ” are J 'A J.; series “ B,” M. A S .; series “ C,” M .A N .
St. L o u is D iv is io n bonds, see deed o f trust V. 52, p. 42-45.
A s to the C in c in n a ti Wabash < M ich. 4 per cents, see V. 52, p. 718.
£
The 100 y ea r m ortgage of 1893 is lim ited to $50,000,000. In Ju ly,
1902, $22,595,000 general 4s w ere reserved fo r prior liens (exclu sive
of Cairo division, Peoria division, Michigan division and the St. Louis
division west of Terre H aute), and $10,748,000 fo r equipment, con
struction and betterm ents, etc., at the rate o f $1,000,000 a year.
G e n e r a l F i n a n c e s .— Guarantees interest on L o u isville & Jefferson
v ille bridge bonds jointly w ith the Ches. & O, V. 68, p. 822. In Mar,.
1900, dividends w ere resumed on common stock—see V. 70, p. 75. On
June 30,1902, owned stock in Chesapeake A Ohio representing an out
la y o f $2,453,569, and Cincinnati N orth ern R R . securities costing
$1,091,955. V. 71, p. 398; V. 75, p.455.
fn Dec., I960, purchased
2,400 freigh t ears, to be paid fo r in 60 m onthly paym ents, w ith 5 per
cent interest. V 7 > .p . 1269. Refunding in A p ril, 1901, reduced in
terest charge $86,000 yearly.
L ate st E arning s .—From July 1 to A u g. 31 (2 months.)—
2 mos .—
Cross.
N et.
Int.,<Hc.
B a l., sur.
1 9 0 2 .................... $3,314,228
$462,448
$166,158
$296,290
1901...................... 3,325,388
996,807
469,802
527,005
A n n u a l R e po r t .—Annual m eeting last Wednesday In O ctober.
R ep ort for 1901-02 in V. 75, p. 439, 454. See also editorial, p. 416.
T e a r end. J u n e 30—
1902.
1901.
1900.
1899.
Miles operat.Jnne 30
1,891
1,891
1,891
1,838
Passenger earnings. $5,487,508 $4,979,652 $4,653,224 $4,245,036
F r e ig h t.................... 11,920,097 11,640,003 10,867,502
9,226,534
Mail, express, e tc ...
1,309,469 1,257,835
1,286,124
1,247,792
Total earnings...$18,717,072 $17,877,490 $16,806,851 $14,719,362
O peFg exp. & taxes. 13,744,920 12,755,638 11,749,264 10,645,556
N et earnings---- $4,972,152 $5,121,852 $5,057,587 $4,073,807
Total net Incom e...... $-,050,512 $5,249,506 $5,140,520 $4,097,398
Interest on bonds... $2,619,520 $2,685,056 $2,661,442 $2,672,544
Rentals, e tc ... .......
180,131
231,907
224,471
201,165
Dividends on p r e f... (5)499,944 (5)500,000 (5)500,000 (5)500,000
Dividend on c o m ...(4)1,119,516 (342)979,626 (3)839,840 .................
F reigh t cars, e t c ....
600,371
567,852
821,567 .................
Balance...............sur.30,974 sur.$285,065 sur. $93,200 sur$723,689
O f f ic e r s .—President, M. E. In galls, Cincinnati, O ; Vice-President,
J. D. Layng, Now York; Secretary, E. F. Osborn, Cincinnati, O.; Treas
urer, Chae. F. Cox, N ew York; Auditor, P. A. H ew itt, Cincinnati, O.
Directors - 'Viiibim K. Vanderbilt,, Fred’k W . Vanderbilt. Cbanncy M. Denew,
J. Pierpomt. Morgan, 11. MeK. Tw orobly, James I). Layng, W illiam II. New
rot.Ti, yv alter fS. K|i « h, o f
York; Alexander McDonald and M elville HL i n *aLH, f Jacrinnaif; Jam e« Barnett. <71©vel>tnrJ 0.
—(V. 75, p. 75, 4 3 9 , 441, 4 5 4 , 497, 611.)
C l e v e la n d L o r a i n 6c W h e e l i n g I t y . —(See M ap B. < O .)—Owns
tfrom Lorain, O., to Bridgeport,O ., opposite Wheeling, W. Va.,158 miles;
Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles;
total, 192 miles, and has trackage Into Wheeling.
H i s t o r y .- -This r a ilw a y Is a consolidation Nov. 23, 1893, of the C . I,.
* W. r a ilr o a d and the Clove. A Southwestern. (Hcc V. 57, p, 979.) On
Feb. 1 , 1902, Balt. Ac Ohio, having acquired a m ajority of stock, began
•peratlng the road. Bee that com pany and V. 72, p. 480; V. 73, p. 236.
H o c k .—Common, $8,000,000, and preferred, non-cumulative, 5 p. e.,
t
$5,000,000, par $100. A fte r dividends o f 5 p. o. have been paid on the
preferred arid common, both stocks share alike. V. GO, p. 1058.
D iv id e n d s . On p re fe rre d in 1896. 3 p. o.j none si nee..
Bonds Of the $1 0,000.000 consol, refunding gold 4 %h $5,000,000
are reserved to retire first bn, $1,000,000 fur general 5 m' due June 1,
1036, remainder for Improvements, etc. V 70. p. 230, 480. About, $1,
000,000 consol. 5m of 1993 are stamped subject to call at 1 to. On July 1,
1001, bills payable forequ ipm ’t, $403,140; real estate morts., # 100,000,
R e p o r t . —Report for year ending ,1one 30, 190 ■, was In V. 73, p. 9 3,
showing gross,$2,063,653; net, $685, 485; Interest on bonds, $337,400;
Interest on ear trusts, etc., $37,415; balance, $3)0,470. 1899 O, gross,
82,002,572; net, $631,415. <V . 72, p. 480; V. 73, p. 236, 0 5 3 .)
C le v e la n d 6c dlala o n t r ig V a l l e y H y . —Owns from Cleveland,
4 , to Bharon, P a ,,81 miles [57 double track]; Niles, O,, to New Lisbon,
N ew Y ork , 2 W a ll St.
do
do
do
Oct., ’96,1%
Oct. 1, 1933
June 1, 1936
Jan. 1, 1930
M ’th ly to 1903
N.Y.,W inslow,Lan.&Co. Jan. 1, 1938
N. Y „ F a r m . L. A T. Co. M ay 1, 1936
N. Y ., W inslow, Lanier. Sept. 1 ,’02,1%
do
do
Jan.-Oct.-’42
do
do
1948-1950
do
do
Apr. 1, 1942
N. J., T itle Guar. A Tr.
Phila., Read. Co. Office.
N. Y , Central Trust.
None e ver paid.
Feb.
June
July
Sept.
1,
1,
1,
1,
1930
1898
1947
1947
N . Y ., H a llga rten A Co. Oct. 1, ’02, 2%
N. Y ., Central Trust Co. Feb. 1,
To Sept.,
N .Y ., Oh. Bk. A Col. Sp. Jan. 1,
Int.Tr.Co.D en.ACol.Sp. A p r. 1,
Safe D e p .& T r.C .,Balt. Ju ly 1,
Philadelphia.
M ay 1,
N. Y ., N .Y . Sec. A Tr.Co. Dec. 1,
1929
1906
1930
1921
1937
1925
1948
* O f w hich 1350,785 in treas ury June 30,1902.
O., and branches, 44 miles. Leased to N ypano R R . (fo rm erly N. Y .,
Penn. & Ohio) till 1962; rental $514,180 per annum. Coupon interest
Is J. & J., registered interest, Q.-J. Stock is $3,259,200, o f which
$2,758,250 is held by “ A tlan tic F irst Leased Lines R en tal Trust Co.,
Lim ited,” o f London. D ividends in 1897, 13% p. c.; 1898 to 1902,
both inclusive, 13% p. 0. ye a rly.— (V. 63, p. 968.)
C l e v e l a n d & M a r i e t t a B y . - Owns from M arietta, O., to Canal
D over, 103 miles, and branch 7 miles, Zoar, O., to Canal Dover, leased.
Pennsylvania Co. obtained control in Nov., 1893, having purchased
about two-thirds o f the stock, and took charge Jan. 1,1900, the net
revenue o ver o peratin g expenses, taxes and interest on bonds being
returned to the company. Stock, $2,000,000—par $100. V. 69, p. 1345.
B o n d s .—Guaranteed prin. and int. b y Penn. Co. Sink, fund 1 p. c.
B e p o r t fo r 1899 in V. 70, p. 1045. In 1901 gross $601,154; net,
$139,187; interest on bonds, $56,250; im provem ents, etc., $48,415;balance, sur. fo r year, $34,521. In 1900, gross, $593,735; net, $132.8 4 1 .- (V . 69, p. 1345; V . 70, p. 1 0 4 5 .)
C l e v e l a n d 6c P i t t s b u r g R R . —(Nee M a p P e n n s y lv a n ia R a ilr o a d .)
Cleveland, O .,to Rochester, Pa., 124miles; branches—Bayard, 0 .,to N ew
Philadelphia, 31 miles; Y e llo w Creek to B ellaire, 43 m.; S alin eville to
Coal Mines, 3m.; trackage, Rooh aster to Pittsbu rg (Pitteb. Ft. W ayne
& Chic.), 26 miles; total, 227 miles.
L e a s e —L eased fo r 999 years, Dec. 1,1871, to Penn. R R . Co., and lease
transferred to Pennsylvania Co. Rental, 7 p. c. on $11,226,050 stock,
Interest on bonds and organization expenses.
B onds .—Generals are all equally secured; guaranty. V. 56, p. 604.
E a r n in g s .—R eport fo r y ear ending Dec. 31 , 1900, was given in V.
72, p.773. In 19 1, gross earns., $5,484,o74; net, $1,945,118; profit to
lessee was $739,307—(V. 73, p. 783, 1159; V. 75, p. 134, 793 )
C l e v e l a n d T e r m i n a l & V a l l e y R R . —See M a p B a ltim o r e £
Ohio.
Owns from Cleveland, Ohio, to V a lle y Junction, 75 m iles;
sidings, 67 miles. Successor, as per plan In V. 60, p. 437 and V. 61, p.
70, to V a lley R y. (o f Ohio), sold in foreclosure Sept. 10, 1895.
St o c k —Of the $5,200,000 com m on (par $50) B. & Q. owns $4,594,300
common and o f the $2,200,000 p referred, $949,200; par $100.
B onds —T he first m ort. bonds are guaranteed, principal and in terest,
by the B. & O., endorsed; interest is paid regu larly from earnings. A
m ajorit - i s stamp d as subject to call on 60 days’ notice at par and
Interest on or before M ay 1, 1901.—V. 71, p. 913. Car trust lease w a r
rants (5s), $219,000, due $27,000 M ay 1 yea rly to 1909, inclusive.
E a r n in g s .—Y ear 1900 1901, gross, $1,106,763; net incom e $370,419;
Interest, etc.. $262,343; surplus, used fo r im provem ents, $108,076.—
(V. 71, p .9 1 3 .)
C o a b u i l a & P a c i f ic R y . —Saltillo to Torreon, M exico, 200 miles;
com pleted June, 1902. Stock, authorized, $1,500,000; outstand
ing, $1,498,000; par o f shares, $100. M ortga ge trustee, N ew Jersey
T itle Guarantee A Trust Do. See V. 72, p. 872. President, A . W . L illiendahl; Treas., H. T Lilliendahl, 18 Exchange Place, Jersey City. N.
J. - ( V . 72, p. 872; V. 73, p. 1263; V. 75, p. 3 si.)
C o l e b r o o k d a l e R R . —P o ttstow n to Barto, Pa., 12-84 miles.
Leased to Phila. A R eadin g R y. Common stock, $297,215; par $50.
C o lo r a d o M i d l a n d R y . —Owns from Colorado Springs to N ew
Castle, Col., 234 miles, including Snowden to L eadville, 8 m., not o p
erated; Snowden to Arkansas Jot., 6 in., Jerom e Park branch, 15
miles; Aspen branch, 20 m.; spurs to quarries, 2 m.; Busk Tunnel,
2 miles; total owned, 279 miles. Leases N ew Castle to Kill© Creek, 14
miles, and Rio Grande Junction RR., Rifle Creek, Col., to Grand Junc
tion, 63 m iles; total owned and leased, 356 miles.
O r g a n iz a t io n .—Successor Oct., 1897. to the Colorado M idland R a il
road. foreclosed and reorganized per p la n In V. 64, p. 1 2 2 4 , I 2 2 « .
In May, 1900, a m ajority Of stock was purchased In th e Joint Interest
o f the Colorado & Southern (H a w ley Interests In control I1 A p ril, 1902,)
1
and Rio Grande Western (succeeded to by the Gould interests). -V . 70,
p. 086, 791,997,1290; V. 71, p. 28; V. 73, p. 1111. N o stock, it is
stated, is held by the publio.
B onds .— I d June, 1900. the $7,500,000 2, 3, 4s w ere made fu ll 4 per
cent, bonds, and the right to Issue $500,000 prior llcnlw was w aived;
V. 70, p. 1290; see also V. 71, p. 139.— (V. 72, p. 821.)
R epo rt ,—R ep ort fo r year ending Juno 30, 1901, tu V. 73, p. 841:
Y ’rs. end. J u n e 30 - Gross.
N et.
jVise. in c . Charges.
S u rp .
1901-2.................$2,162,280
$492,8(6 $41,615 $514,458
$20,023
1900 1 ................ 2,385,184
683,215
34,269
515,709
201,775
O f f ic e r s , -Presiden t, Frank Trum m ill; Vloe-I'res,, Geo. W. K ram er
Trims., II. B. Henson; SCO , Marry Brunner, 74 B roadw ay,N ow York.
Dlrenlorii, (Jri-nvtlio M. DoJgo, (Jonry Undue, J. Konnwly Tutl, Id. (1. I le n
ders 11 George .1. (JoiiUl, Wdwiu.Gould, W I iimI w 8. Pierce, t/oo. W . I( rumor. 10,
T . Jeffery and Frank Tru m im ll.
(V. 71, p. I 39; V, 72, p. 821; V. 73, p, 8 1 I . T i l l , 1312; V. 75,p,005.)
P o l o n u l o 6c N o r t h w e s t e r n R y . - Boulder to Ward, (Jol.. 20%
miles, operated from Oct,, 1898. In Nov, 1002, fn reolosu iedecree Is to
lie entered
(V, 74, p 986.) stock, $ 500,000; par $100 all Issued,
in A p r , 1902, COl. B. B. Dick bad an option on tile road, which
was proposed to be used as part o f cucieiudon 10 Halt Lake City. V.
74, p 727. Year ending Juno 30 1901, gross, $64,148; net, $5,112.
Pres.. W. O. Culbertson, Girard, Pa. - ( V. 73, p. 602; V. 74, p. 0Ho.)
C o lo r a d o 6c S o u t h e r n R y , — (N e e M a p ) — Operates from Orin
Junction, W yom in g, through Colorado to F o rt W orth, Texas, viz.
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1
October .
RAILKOAD STOCKS AJStt> BOJSTDS.
1902.]
51
Bonds —Prin ci
IN T E R E S T OR D IV ID E N D S .
Miles Date Size, or
pal,When Due.
Amount
R ate P er When Where Payable, and by Stocks— Last
Par
of
of
For explanation o f column headings, &c., see note
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
on first page o f tables.
R A IL R O A D S .
O olum bus <•L a k e JfuA.—1st M . g , $20,000 p erm .
£
Ool. San. £ H ock. R R .— R ec’ s otfs., $1,200,000 ...
1st m ortgage (prior lien), $2,000,000, go ld .M e.c*
General m ortgage, $10,000,000, g o l d . M p ...... ox
Incom e bonds, non-oumulative, g o ld ...................
Coi. Ter. & Transf. mtge. $350,000, gu. C. S.& H.
Oolum bus £ Toledo— See H o c k in g V a l l e y R y .
Oolum bus £ X e n ia — Stock, 8 per cent re n ta l...........
C om b in a tion B rid g e ( S io u x Viti/, l a . ) —1st M ........
Concord £ C la rem on t (N . H j —1st m o rtgage........c
C oncord £ M on trea l —Stock, Class I. (B. C. & M. pf.)
Stock, Class I I (B. C. & M. n e w ).............................
Stock. Class I I I . (B. C. & M. old stock ).................
Stock, Class IV . (Concord) $6,000,000 auth. T e x t
Bost. Con. & Mon. im provem ent m o rtgage........ c
Concord & M ontreal con. M. for$5 ,500,000.B B .c*
Debenture bonds, $1,150,000, currency........... o*
Do
do
$1,000,000, int. g u a r ............
C on cord £ P o rts .— Stock,7 p.c. m ’l, 99 yrs. Conc’d ..
C onn. £ Possu m .— Pref. stock, 6 p. c. rent’1,99 yrs.e*
1st m ortgage $1,900,000, gold ........................... o‘
Massawinm st’k, guar.same div. as Conn. & Pass.
N ew p ort & Richford 1st mort. guar, b y C. & P .o *
C onnecticut Eire?-—Stock ($2,670,000 authorized)..
Scrip, redeem able in ten years in cash or bonds..
Bonds, not m ortgage, fo r $1,000,000, g o ld ........c
Bonds, r o t m o rtg a g e.............................................
1902 $ ........
: : : : 1897-8
218 1895
1,000
213 1895
1,000
1895
1893
—
1,000
....
55
50
___ 1895 500&e.
1,000
71 1894
....
....
100
„ ...
....
100
....
....
100
....
....
100
166 1881
1,000
262 1890
1,000
. . . . ’97-’99 1,000
. . . . 1900
........
401a
....
100
.....
....
100
110 1893
1,000
37
100
22 1881
1,000
80
....
100
80 1893
1893
....
1,000
1901
—
1,000
1903
1,000
C onnectin g (P h ila . ) —1st M., gn. p. & i. Pa. R R . en. c 6-75 1864
1,000
1st m ortgage, refunding, $1,000,000, g o ld ...... o* 6-75 1900
? 1883
1,000
Phil. Germ. < Chest. H ill 1st M., gn. by Pa. R .y.r
fe
36 1902
1,000
N e w m ortgage, $5,000,000...................................
60 1899
Capper R a n ge— 1st m ortgage, gold (see t e x t ).........
Miles.
$300,000
Hi
See tex t.
7,466,770
1,632,899
341,000
5
5&
5
4
4
5
g. M. & S.
Sept. 1, 1922
6 Semi-an Columb’s,0.,Reo’rs’ Off.
g. A. & O. A p r.,’97,coup.last paid. Oot. 1, 1900
None paid in cash.
Jan. 1, 1946
g. J. & J.
F. & A.
1945
M. & 8.
1943
1,786,200 See text.
517,400
5
500,000
41
0
800,000
7
540,400
7
459,600
7
5,397,600
7
500,000
6
5,000,000
4
1,050,000 34j & 4
500,000
3
350,000
7
2,500,000
6
1,900,000
4 g.
400,000
6
350,000
5
2,630,000
10
1,290,000
4
4 g.
1,000,000
34s
290.000
3Lj
See text.
6
599.000
34) g.
193,000
4^2
1,000,000
3:43 g.
(?)
1,410,000
5 g.
Q .-M . Columbus, O., Treasurer
J. & J. N. Y ., H a n over N. Bk.
J. & J. B ost.,N .B k o f Redemp.
See text.
Q .- J .
do
Q .-J .
do
Q .- J .
do
Q .- J .
J. & J. B ’ ston,Faneuil H a llB ’k
J. & D. Boston Safe D. & Tr.Co.
J. & D. Bos. S.D. & Tr., Boston.
J. & D.
do
do
J. & J.
Manchester, N. H.
F. & A. Boston, S. Dep. & Tr. Co.
A . & 0.
do
do
F. & A.
do
do
J. & J.
do
do
Boston, Mass.
J. & J.
J. & J. Springfield or Boston.
M. & S.
Boston, Mass.
do
do
J. & J.
J. & J.
M.15 &S Phila., Broad St. Stat’n.
do
do
M 15 & S
M. & N.
do
do
do
do
M.15&S
A . & O.
Sep. 10,’ 02,2%
July 1, 1915
Jan. 1, 1914
O ct.1’02,1% %
Oct. 1’02, 1%%
O ct.1’02, 1%%
Oct. 1’0 2 , 1 \ %
Jan. 1, 1911
June 1, 1920
June 1, 1920
June 1, 1920
July, ’02, 3 4 %
A u g .1 ,’ 02,3%
Apr. 1, 1943
A u g .,1902, 3%
Jan. 1, 1911
July 1 , ’ 02 5%
Jan. 1, 1903
Sept. 1, 1943
Jan. 1, 1921
Jan. 1. 1923
Sept. 15 ’02-’04
Sept. 15,3 930
M ay 1, 1913
Mar. 15, 1932
Oet. 1, 1949
C o l u m b u s H o c k . V a l l e y Sc T o l . —See H o ck ing V a l l e y R y .
C o lu m b u s Ac L a k e M i c h i g a n R R . —Owns railroad from
Lima, O., to Defiance, 40 miles; almost completed. E n tire road as
projected would extend from Columbus, O., northw est v ia Lima and
Defiance to Lake Michigan, o ver 200 miles. Successor in Aug., 1902,
o f the Columbus, Lim a & Milwaukee R R , sold in foreclosu re Mar. 25,
H as traffic and trackage agreem ent w ith U nion Pacific, connecting 1902. V. 75. p. 289. Stock authorized, per m ile, +10,000 each o f com
the Cheyenne & Nor. Division w ith the system at G reeley and D enver; mon and 4 p. c non-cum ulative p referred ; par o f shares, $100 each.
also o ver Atchison tracks, D en ver to Pueblo, Col. V. 69, p. 179.
Bond 3. see table above. President, Geo. A . G arrettson; Vice-President,
O r g a n i z a t i o n .—Succeeded on Jan. 11, X899, per plan In V. 67, p.
E lliottO . Smith; Treas., E. H ope Norton, 33 W all St., N .Y .—V. 75, p.289.
748, the U nion Pacific D en ver & G ull and D en ver L e a d v ille & Gun
C o lu m b u s S a u d u s k y Ac H o c k i n g R R . —R oad —Sandusky via
nison. Owns a large m ajority ol the common stock o f P o rt W orth & Columbus to Zanesville and southerly to Glouster, Shawnee and
D en ver C ity Ry., which see. Colorado M idland is controlled jo in tly by Shawnee Junction, w ith branches; total, 269 miles, o f which 218
Colorado & Southern and R io Grande W estern.—Y . 70, p. 739. In Mar., miles are owned and 51 miles leased. Trackage to Toledo, 51 miles.
1902, Edw in H aw ley, President o f M inneapolis & St. Louis RR., and
R e c e iv e r s h ip —Joseph Robinson is now receiver. P ro p e rty sold in
associates, acquired control. The road, it is stated, w ill be operated foreclosure in Sept., 1902, to Paul D. Cravath o f N e w Y o rk fo r $2,750,independently o f any other system.—V. 74, p. 679,727.
C00. 8ee decision V. 72, p. 675 ; V. 70, p. 531; V. 73, p. ^53. 1263; V.
V oting T rust .—A ll classes o f stock are vested in the vo tin g trus 75;.p. 665, 793. Th e successor com pany is the L o u is ville & W estern
tees, G renville M. Dodge, Frederic. P. Oleott, H a rry W alters, H en ry Ry.; stock, $2,500,000.
Budge and J. K en n edy Tod until Jan. 1,1 904, and then until the first
A n n u a l R eport.—F o r year ending June 30,1902, gross, $1,201,683.
preferred stock shall h ave received a 4 per cent cash dividend fo r
Years e n d in g J u n e 30—
1901.
1900.
1899.
1898.
three consecutive years. Th e vo tin g trustees m ay, how ever, d eliv er
Gross earnings........ .....$1,064,150 $1,064,028 $837,368 $795,798
the stock at any earlier date.
N et earnings....................
164,8’ 0
192,545
80,187 113,044
Div id e n d s .—D iv. on 1st pref., 1900, 2 p. c,; in 1901, Feb., 2 p. e , —(V. 73, p. 553, 1263; V. 74, p, 883, 986, 1308; V. 75, p. 342, 665, 793.)
fo r calendar year 1900: Oct., ’ 01, l^ p .c .; in ’ 02, A pr., 1*2 p.c.; O et.,2p.c.
C o l u m b u s & S o u t h e r n R y . —Lancaster Junction, O., at a con
B onds .—T he n ew m ortgage is a first lien on a ll the road, equipm ent nection w ith the Penn R R .,to South B loom in gville, 34 miles; projected
to run from Columbus to W ellston, 100 miles, w ith branches from L a n
and other pi operty, $1,526,000 being reserved fo r the acquisition of
coal properties, and fo r future additions, betterm ents, equipments, caster, Ham den and A llen ville. Incorporated on J u ly 26, 1902, as
etc,, at not exceeding $300,000 a year. Statem ent to the N e w Y o rk successor o f tbe Columbus W ellston and Southern R R ., sold in fo re
closure to J. G. R eeves and associates o f La,noaster, O.. on Dec. 4,1901.
Stock E xchange in Y . 68, p. 1027.
V. 73, p. 1206; V. 75, p. 184. Stock authorized, $2,000,000.— (V. 73, p.
Earnings —2 mos., $1902............. Gross, $1,042,141; net, $247,306
1207; V. 75, p. 184, 239.
Ju ly 1 to A u g 31.
? 1901............. Gross,
935,685; net, 239,045
C o lu m b u s & X e n i a R R , —Owns from Columbus, O,, to Xenia, O.,
A n n u a l R e p o r t .—Fiscal year ends June 30. Third report o f new
55 miles. Operated as a division o f the L ittle Miami, and is leased fo r
com pany coverin g operations fo r fiscal year ending June 30,1902,
99 years from December, 1869, in connection w ith that road, to the P itts
was in V. 75, p. 607, showing:
„
________
burg Cincinnati Chicago & St. Louis, which pays 8 per cent on stock,
Y e a r e n d in g J u n e 30—
1901-02.
1900-01.
1899-00.
but in March, 1901, the % per cent from assets was discontinued fo r
Gross ea rn in gs...................... $5,5-0,327
$4,794,649
$4,237,743
O peratin g expenses & ta x es .. 4,260,425
3,712,300
3,330,774 the present. The lease Is guaranteed by the Pennsylvania R R . Co. The
C. & X . form erly paid 8% per cent dividend (% out of assets) per annum,
N e t ea rn in gs.......................$1,319,902
$1,082,349
$906,969 2I 5 per cent March 10 and September 10 and 2 oer oent June 10 and
T otal n et in c o m e ..................... $1,379,362
$1,124,524
$945,390 Deo. 10, b a t in March, 1901, the % per oent from assets was discon
In terest on bonds, e tc .............
752,603
718,876
700,046 tinued fo r the present.—(V. 72, p. 532.)
C o m b i n a t i o n B r i d g e ( S i o u x C it y , l a . } —Owns steel bridge
$405,648
$245,344 1940 fe e t long o ver Missouri R iv e r, w ith approaches, 1 m ile, used by
Balance, surplus. ........... $626,759
‘ Dividends on 1st p ref .. (3%%)$297,500 (3 W o )$297,500 (2%)$170,000 railroads and street ears and as a highway. In Aug., 1902, reported as
* Paid from total surplus, w hich June 30,1902, was $807,205.
purchased by a syndicate headed b y John O. Coombs, o f Boston, to
Of f ic e r s .—Chairman, G ren ville M. Dodge, N ew Y o rk City; P resi be u s e ! as a portion o f the proposed Omaha Northern R R. V. 75. p.
dent and General M anager, Frank Trum bull, D enver, Col.; Secretary 393. Stock, $1,500,000, all common and all outstanding. M ortgage
trustee, Union Trust Oo., Indianapolis, Ind. Prest. (deceased); Viceand Treasurer, H a rry Bronner, 74 B roadw ay, N ew Y o rk City.
Pres., .Jos. 0. Head, Latrob e.P a :; Treas , T. A . Stoddara, 8t. Boms, Mo.;
Directors.—
Grenville M. Dodge, Henry Budge, J. Kennedy Tod, Frederic P.
Oleott, John J. Emery, Edward J. Berwlnd Edward C. Henderson, Adoluh Secy., F. L. Eaton, Sioux City, la .— (V. 70, p. 841; V. 75, p. 393).
Lewisohn. Edwin Hawley and Harry Bronner, New Fork City; Harry Wallers,
C o n c o r d Ac M o n t r e a l R R . —From Nashua, N. H., via Con
Baltimore, Aid.; Norman B. Ream, Chicago, 111.; Frank Trumbull, Denver, Col. cord, Plymouth, etc., to G roveton and the W hite Mountains, 450
- ( V . 74, p, 91, 679, 727, 9e6, 1355; V. 75, p. 342, 6 0 7 .)
miles in all, (including Manchester & Keene, 30 miles, owned jointly,
C o l o r a d o S p r in g s Ac C r i p p l e C reek : D i s t r i c t R y , —Colorado 414 miles; 35 miles double track. A b ran d! from Concord to Hudson,
Springs to (h ip p ie Creek, Col,, 46 miles; Cameron to V ictor, 5 m ; elec N. H., about 35 m iles,to be operated electrically, is under construction
tric lines—V icto r to C ripple Greek, 6 m ; Cripple Creek to V ictor, 5 in.; (18 miles completed in Aug., 1902); $ 1,000,00c bonds w ill be issued
V. 71, p. 698, 751; V. 74. p. 727. On June 29, 1895, leased
branches and spurs, 8 m.; total, 70 miles. Owned by the owners of therefor.
to Boston & Maine for 91 years at rental o f 7 p. 0. per annum on all
principal mines o f < rippie Creek District.
Stock, all outstanding, common, $1,200,000; preferred, 5 p. 0. non- Stock.— (V. 74, p 727.)
enrn., $800,000. P a r o f shares, $100 each. Beginning Jan. 1,1901, a
C o n c o r d Ac P o r t s m o u t h R R . —Owns Portsm outh, N. H., to
sinking fund o f 5 per cent of gross earnings fo r preceding year can re Manchester, N. IT., 40b} miles. Leased to Conoord RR. in 1862 fo r 99
tire first m ortgage bonds yearly at 110 for the first, 15 years, then at years; rental, $25,000; 7 p. c. on stock and organization expenses, and
1O7 J fo r 5 years, then 105 for the n ext five years, then 1024! fo r three so operated by the Boston & Maine.
0
years, th ereafter at par. O f the second m ortgage bonds the In tern a
C o n n e c t ic u t Ac P a s s n m p s l c R i v e r s H R . —W hite R ive r Juno.,
tional Trust Co. o f Denver is trustee; they arc subject to sinking fund
VT., to Canada Line, 110 in.; leases 999 years Massawippi V alley, 37 m.
not exceeding #26,000 yearly after p rovid in g fo r interest and tuxes
L ease .— From January 1, 1887,
leased to the Boston
A
Pres., Irvin g H ow bert; Bee. and Asst Treas., E. F. Draper; Treas.,
&
F. M. Woods; And., L F. Linney. Y e a r ending June 80. 1902, gioss, Low ell for 99 years on a basis to pay Connecticut < Paseumpslo stook
$ 588,94 <; net, $206,588; interest and greater p a rt o f taxes w ere 5 per cent till January, 1897, Inclusive, and 6 per oent thereafter.
HECo r it ie s ,—Massawippi stock receives same dividends as stook o f
charged to construction. Net earnings w ere la rgely reduced by rate
lessee, and $400,000 o f ft [n ot Included In the amount outstanding]
war' —(V . 72, p. 026, 675; V 73, p. 1l i 1.)
Is pledged as part security fo r 4s o f 1893 Of the $2,500,000
C o l u m b i a N e w b e r r y <V L u o ru n s R R . —Columbia to Laurcns> preferred, $500.Ooo, as also $50,000 M assaw ippi V alley Ry, stock,
8 . 0., 75 miles. Htocif. $o0o.o0u Bonds, sec table. For year ending are represented by Connecticut Trust; & Bale Deposit Oo, o f H artford
June 30, 1901, gross, $1/3 21 3; not, $>9,112; total deductions, $35,- 5 per cent trust certificates, under which the Verm ont V alley has the
784; bal., sur., $3,328. President, W. U. Childs, Cofumula, H. O.
righ t for 45 years from Aug. 1, 1885, to purchase tile trust stock at
C o lu m b ia S o u t h e r n R y . —Owns from Biggs, Ore., south to Bha* paraud interest and in the meantime receives all dividends above 5
per cent per annum on the stock deposited In trust.—(V. 67, p. 1040.)
nlko, 71 miles. In .Ian ., 1902, the Columbia Bool hern Ry. Extension
Co. was organized, with $1.,o()0,o00 authorized Htoe.Jc, to build an e x
C o n n e c t i c u t R i v e r i t i i . —Owns from Bpringlloid, Mass., to
tension from Bbanlko to Bond, J00 miles, with branches to Anhwood
Keene, N. IL , 74 miles (double tracked, 36 m iles); branches, 0 miles.
and Prinevillc, $ in ,e 00 stock and $14 ,000 fifty-year 5 per cunt gold
L ea se ,— Leased for 90 years from Jan. 1, 1893, to the Boston A
bonds per mile to be issued thereon; In Aug., 1902, contracts were re Maine, annual rental (as amended Oct. 10, 1895) being 10 p ercen t per
ported let for first 30 miles
annum on capital stock), payable directly to the stockholders in sem i
Of the 5s o f 1898 $272,000 was issuable at once, and remainder, annual Instalments Jan. I and July 1, and in addition thereto Interest
at $10,000 per mile, on additional road. Stock, $300,090. The entire on bonds and scrip and $ 2 , 0 0 0 fo r organization expenses. Lessee pays
700,000 bonds are owned by Oregon RR, dt Nav. Co. Year ending all lazes, operating expenses, etc., bill lessor shall Ihhiip Its stock or
nne 30, 1901. gross, $154,97 8 ; net, $64,394; taxes and Interest., bonds for permanent Improvements. The stook holders voted on Bept.
34,994; bal., sur., $29,400. President, E. E. L y tle ; Secretary, May
17, 19012, to Issue $909,000 bonds to provide funds to wa rds 1lie re
Inright, Portland, Ore.— (V. 71, p. 341.)
demption o f the $1,290,000 four per cent scrip due Jan. 1, 1903, the
balance, to be supplied by "a v a ila b le funds." (V. 76, p. 640, 61 I.)
C o lu m b u s Ac C i n c i n n a t i M i d l a n d H R . —V. 69, p, 743.
Lines owned.
Miles.
Other lines, hr., etc. (106 nar. gau.) 364
Chevenne to O rin Ju n c tio n .......... 154
Denver to Bessemer J u n c t , C o l... 128 Trackage — Pueblo to W alsenburg
(D e n ve r & Rio G ra n d e )...............
58
Denver to Deadv. (narrow gauge). 151
Como to Baldwin Mine ( do ) . 131
T o ta l owned and leased........... 1,121
Trinidad, Col., to Texas State line 135 |
Also has large interest in F o rt W o rth & D e nve r C ity R y., 465 miles.
f
t
INVESTORS’ SUPPLEMENT.
52
j^ T R E A L j
MAP OF THE
& HUDSON
DELAWARE
[VOL. L X X V .
W aterloo
RAILROAD SYSTEM.
Farnliam
St.Johns
Coteau
Sutton Jc.
R O U S E ’S pi
SVJOOER’S JC
/ F t .CoyingtoiP
essena
Newpo]
iheldon
Beekmantowm
a
PLATTSBURG
3^J?a]]s
Prescott
Pnnnrm^r^_,
GDENSBUR
Brockvill
Cambridge Jb
,,r^
Lyon Mt.
Peru,
UYON f M ;
A \ Perron a >
5
T . —
Falls o
ent
^ -----<YEssex June-
USABLE
^BURLJNGTON
Bioom i^pjaje/ IJ ?
PA UL SMITH$ o
Saranac L .8 w
Claytoni
£
Clifton
Theresa'Jc.
Jayville
Cape Vincent
kW
Tupper
|
Charlotte
Montpelier J.c.
i
7
W
aobarn’8^
Elizabethtown
8L
“/ 'v
Y 'i|j
\
Philadelphia
Willsborough 1
St.Johnsbury
A D IR O M D A O K m o u n t
^
Westpo rt jj
W ells River
M in eville^ o
/ M is
Middlebury
# £ Port Henry
.Charthage
ammondville - m
•
“ Crown Poin
{eaver
FJ.TICjONDEROGA
OMinerva B A L D W IN ^
JCONiD
m JM Fatf w
NORTH CR EEK^fe
'artinsburg
Sandy Cr;
Rittsford. W hite R.June.
Ltnam
RUTLAND
r i v e r s i ||e ^
The Glen
Richland
Windsor
Transparent12 .
>
loonville
TH U RM ANI
TONY C R E E K«
/
Oswego
HAD L E Y g
l s u p s j ^T dgB
Trenum Fs.
Ludlow
CALDV®
* W.Stony Ccf
YORK
ip stock;
& rg A
t>u
T
C
J FT.
G le r f
R ape# jo:
S . L o n d o n d e r ry
[EDWARD
Northville pi sjCorintliH
' \ j
Kings B
_ G reenfield*
*
Gansevoort
\
BELLOVVS FALLS
S A R A TO G A
Weedsp’t
Ba'ls,„ A
Richfield Jc.
Richfield.
DSprings
Cazenovia'
Randallsyille
Dp Ruyter
“
•Eaflville
Brattleboro^
.Pownal
H ERRYVAL
South Yem on 1
TROY*
CooperstownJ
tt\etnont
New Berlin
irtland.
NiNorwibh
Milford
.Millers'F;
^ ,V o o r ^ e<
F reevil
ittsfield
Cbyemans.Jc.
Stamford,
Line \\Becket>
PjourV.
y.
oPrattsville
Hobart
Chenango Forksy
/
P.ortCrai/e
Oswe goVZ^gR
Hunter
Andes o
aiton,
Summit
'^ £ H
'eposil
Huntington
Hudson
3ostoi: Cors.
Phoenicia
1
:cS n a ^i
jjjUStarruceii Huncock
CC0Thompso!
, Rondoui
Parksville
Montrose
Xotvas
Qallicoon
High Falls o /
Liberty
j
WinstedTk
Collinsville)^
Ellenvill.
Summit V.
Montgomery
^WuVrsboro
ewburg
Bernice
(O
Rhinepeek
,itchfieldp Farming^O]
Jdonticollo
H O N £$pA LE
Vatertown cv
'
\ W aterbury
Middl'etown
ushen^^A,
aveny
G uncoil r y ^ ^ F
r
t o n
^yhiuina
JSTidgeport
Branch V.
Q Oakland
W h ite Haven
Stroudsb’g
Penn Haven
Catav
Newton.
Columlna
Chunk
k\*svUle.
C
amaqu;?
orris thwn
Ashland
' PottSVAllO
Schuylkill Ilavcn
Aubuni
Swatara
Sinking Spr.
Doylesto.wn"
Reading
Pottsto';
Uansdale
Palmer
W estfield
^XJeffersonV
GxeaFBend
iNortmr
^Cmam'esburg
ARTFO
October ,
RAILROAD STOCKS AND BONDS.
1903. j
53
Honan —prin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,When Due.
Am ount
of
Par
of
R ate Per When Where Payable, and by Slocks —Last
f o r explanation o f column headings, &o., see notes
Road. Bonds Value. Outstanding
Whom.
Cent.
Payable
on first page o f tables.
Dividend.
R A IL R O A D S .
26
24 1891
1st m ortgage, $800,000. red. at 1905............ . r
. . . . 1898
C o rv a llis £ E astern— 1st mort. ($11,250,000). Ce.o*
57 1891
C um berla nd < Pesinsylvania— 1st m ort.,g., G .gu ..
6
....
....
C um berla nd Valley —Common stock........................
....
P r e f stock ($243,000 is 2d pref ) .........................
82 1856
1st and 2d ms., gold (2d$94,000 due A pr, 1908.)
40 1899
D a k ota P a c ific — 1st M.. g., $650,000.I R .............. e
....
D a y ton < M ich .— Com. st’k O ^ p .c . guar.C.H .& D .)..
6
....
1871
Preferred (8 p. 0. guar. C. H. & D.) endorsed........
142 1881
1st m ortgage, guar. p. & i. end by C. H. & D ----c
32 1879
Dayton < U n io n J tR .—Is tM ., s. f. (not dr’n )........... 0
£
...
1899
D a y ton U n io n Ry.— 1st M., s. f., call at par. F ........
38 1864
D a yton < Western —1st M., guar. L. M. and C. & X .o
6
224
....
Delaw are— Stock.........................................................
117 1892
Gen. M ., gold F P ................................ .............. 0'
54 1882
D elaw are & Chesapeake 1st M., assumed, c u i..c
....
....
Del. <. B o u n d B r .— Stock—8 p. c. gu. Pliila. & Read.
£
27 1875
1st m ortgage...........................................................
27 1879
2d m ortgage, extended in 1899............................
D elaw are & H ud son —Stock.......................................
1877
1st M. on Pennsylvania D iv. ($10,000,000)Unc<fcr . . . .
. . . . 1899
Equipm ’t M., $150,000 payable M ay, y ’rly .IT s in
1900
Equipm ’t deb., $2,500,000, $200,000 an’ly, Jan. 1 —
G uaranteed B o a ds.—
1901
Hud. Coal Co. deb , gu.,p. <fei. end., $100,000 y ’ly .
1890
B lu ff P oin t Land Im prove. Co. IstM .,gold,gu ar. " *
0
....
1902
Chat.Ore & L .ref.M .,$1,750,000,call lO S .C o.c'& r
Adiron dack Ry., A lb. & Sus. RR,, N. Y & Canada R R , C bateau
Delaw are L a ck a w a n n a & Western —Stock................
194 1877
Con. M. now 1st o n ro a a & equip ($10,000,000) F o
D elaw are M a ry la n d & V ir g in ia —
39 1860
Junction & B .—1st m o rtgage..........................
C orn w a ll & L eb a n on . —Stock...................................
$50
100 &c
1,000
1,000
50
50
500 &o.
1,000
50
50
1,000
1,000
1,000
1,0U0
25
1,000
1,000
100
1,000
100 &c.
100
1,000&C
1,000
10,000
3 ,500,000
4
300,000
1,000
4 g.
1,000
1.300,000
4 g.
gay RR, ,UtieaClin.& Bing. RR
50
26,200,000 7 in 1902
1,000
3,067,000
7
A ll
C o n n e c t i n g B y . (P h i l a d e l p h i a ) . ^ —Owns from Mantua Junction
to Frankford Junction, Pa., 7 miles: Germ antown Junction to Chest
nut H ill. 7 miles; branches, etc., 29 miles; total, about 36 miles. A
consolidation Jan. 1, 1902, w ith the Philadelphia Germ antow n &
Chestnut H ill, K ensington < Taeony and olfcer subsidiary roads o f the
fe
Pen n sylvan ia E E . - Y . 73, p. 390. Stock authorized, $5,800,000; out
standing, $ 3,613,650; a ll owned b y Pennsylvania E R . In M ay, 1902,
filed a $5,000,0( 0 m ortgage to John P. Green as trustee.—(V. 73, p.
390; Y . 74, p. 1088.)
C o p p e r R a n g e H R . —Houghton, M ich., to Mass City, w ith
branches: total, Dec., 1901, 60 m iles; side tracks, 15 miles. Stock,
$2,605,100. C ontrolled in interest o f Copper R an ge Consolidated (M in
ing) Co. Bonds are lim ited to $20,000 per m ile o f m ain lin e and
branches and $15,000 1 er m ile o f sidings. Y e a r ending June 30 1902.
gross, $207,812; net, $76,176; ii terest, $66,470; bah nee, surplus, $9,706. President, W illia m A . Paine. Boston; Sec. and Treas., Frederic
Stanwood, Boston. Office, H oughton, Mich.— (V. 70, p. 230.)
C o r n w a l l B B , = Y . 74, p. 1139.
C o r n w a l l & L e b a n o n R R . —Owns Lebanon, Pa,, to Conewago,
21'66 m iles; branches,4-59miles. In June, 1901, the Pen n sylvan ia
Steel Co. acquired $540,000 stock. Y . 72, p. 1241,1283.
D i v i d e r s — .. ( To 1893 ’ 93 ’ .94 ’ 95. ’ 96 ’ 97 ’ 98 ’ 99 1900 ’01 1902
3 4
5 5^
6
(P e r c e n t )......... i 4 to 4 % y r ly . 6 2 4 4
A lso in 1892-3 paid special div. o f 13%; in 1902, Feb., 3%; A u g., 3%
E a rn in g s —2 months. 5 1902................ Gross, $51,621; net, $24,334
•Jnly 1 to Aug. 31.
(1 9 0 1 ............... Gross, 72,880; net, 35,605
In year ending June 30, 1902, gross, $332,943; net, $155,838; in
terest and taxes, $49,320; dividend (6 p. e.), $48,000; balance, sur
plus, $58,518,—(V. 72, p. 675.)
C o r v a l l i s <fe E a s t e r n B B . - Owns from Yaqu ina to Idanah, Ore.,
142 miles. Land grant was 850,000 acres. Organized in Dec., 1897, to
purchase and extend the Oregon Central & Eastern, which w as the
successor o f Oregon Pacific, sold in foreclosure Dec. 22, 1894. Stock,
$11,250,000; outstanding, $2,115,000. M o rtga g e provides fo r ex
tension eastward to Snake R iv e r in M alheur Co., and w ill co ver all
railroad lines hereafter acquired up to 750 miles.
E arn in g s .—In year ending June 30,1901, gross, $114,614; net,
$33,651; tota l deductions, $61,186.—V. 68, p. 474.)
C o t t o n K e lt .—See St. Louis Southwestern R y.
C u b a C o m p a n y . —V. 70, p. 841, 995; V . 71, p. 1166; V .7 5 ,p . 665.
C u m b e rla n d
P e n n s y l v a n i a B B . - Owns from Cumberland,
Md., to Piedm ont, Md., and several branches, 57 miles. Owned and oper
ated b y Consolidation Coal Co., which guarantees by endorsement the
first mortgage. V 52, p. 390. Stock, $1,500,000; par, $100. F o r year
ending June 30, 3901, gross, $812,077; net, $364,492 ; charges, $93,202; dividends, $82,968; bal., but., $188,322. In 1899-0, net, $164,102.
C u m b e r la n d V a l i e y B B . - O w n s from Harrisburg, P a .,to Potom ac
R iver, Md., 82 miles (and w ith leased lines operates to Winchester, a
total distance of 116 miles). It leases—Cumberland V a lley & Martinsburg Railroad, 34 miles; D illsburg < Mecbanicsburg Railroad, 7 miles;
fc
Southern Pennsylvania Railroad, 21 m iles; leases Cumberland V alley
& W aynesboro RR., 18 miles; total operated, 163 miies.— (V. 61, p. 152.)
St o c k .—P ennsylvania RR. owns $975,850 com. and $237,200 pref.
D iv id e n d s .—In 1880 to 1884, 10 per cent yeariy; from 1885, to
Oct., 1902, both inclusive, at rate o f 8 per cent yearly.
EARNINO0. - 8 months, ? 1902........... Gross, $777,564; net, $263,378
Jan. 1 to Aug. 31.
( 1901............Gross, 689,719; net, 235,25?
R e p o r t ,—E arnings entire line as follow s:
Y ear.
Gross
Net
In t ., etc.
D ivid en d s.
$800,600 6 in ’02 F. & A.
766,400
A. & O.
5
2,115,000
4 g. F. & A.
1,000,000
5 g. M. & N.
1,292,950 8 in 1902 Q .- J .
484.900
8
Q .- J .
233,500
8 g. A. & O.
650,000
5 g. A. & O.
2,401,900
34a A. & O.
1,211,250
8
Q .-J .
2,728,000
5
J. & J
225,000
J. & D.
7
489,000
4 g- J. & J.
495,000
6 & 7 J & J.
2,987,125 6 in 1902 J. & J.
500,000
4 3 g. J. & J.
c
4
F. & A .
400,000
1,800,000
Q .- F .
8
F. & A.
1,500,000
7
M. & N.
300,000
4
34,507,100 7 in 1902 Q—Mch.
M. & S.
5,000,000
7
1,050,000
3*2 g. M.15&N
2,500,000
4
J. & J.
B ril., Burp
185,000
3
Co.’s off., Lebanon, Pa.
do
do
N e w Y o rk City.
Guar. Trust Co. o f N. Y.
Phila. & Chamhersburg.
do
do
do
do
Boston, Inter. Trust Co.
Cincinnati.
do
N. Y ., Kessler & Co., Cin.
N .Y., Am . Exch.Nat.Bk.
N. Y ., Farm . L. & Tr. Co.
N. Y ., Bank o f America.
Checks mailed.
Ph ila.,B road St.Station
do
Phila., 240 So. Th ird St.
Phila., Guar. T .& 8.D.Co.
Ph ila.,240 So. Th ird St.
N .Y.O f.,21 CortlandtSt.
do
do
do
do
do
do
July 31 ’02,3%
Apr. 1, 1921
Feb. 1, 1998
M ay 1, 1921
Oct. I , ’02, 2%
Oct. 1, ’02, 2%
A p r. 1, 1904-8
A pr. 1, 1929
Oct. 1, ’02, 1%
Oct., 1902, 2%
Jan. 1, 1911
Deo. 1, 1909
Ju ly 1, 1949
Jan. 1, 1905
Ju ly 1,’02,3%
Ju ly 1, 1932
Feb. 1, 1912
Aug. 20,’02,2%
Aug. 1, 1905
Aug. 1, 1905
=ept. 5 ’02. 1%
Sept. 1, 1917
Yearly to 1909
1903 to 1915
M. & N.
do
do
J. & J.
do
do
J. c J.
fc
N e w York.
., Scben ectady & Duanesburg —
Q .- J . N. Y., 26 Exchange PI.
M. &. 8.
do
do
M ay 1 , ’03-17
Jan. 1, 1940
Jan. 1, 1942
See those cos.
Oct. 20,’ 02,1%
Sept, 1, 1907
J. & J. Phila., Broad St.Station Jan. 1, 1932
A ll surplus earnings o ver Interest goes to a sinking fund fo r the re
demption of bonds at not above 100. Capital stock, $86,300. F o r y e a r
ending Oct. 31, 1901, gross, $180,415; net, $87,945; other incom e,
$12,928; charges, $38,356.
D a y t o n & W e s t e r n B B , - O w n s from D ayton, O., to State lln©
Ind.. 38 miles, and leases 4 miles to Richmond, Ind. Leased from Jan. 1
1865, fo r 99 years, renew able forever, to L ittle Miami, and so operated
by Pittsb. Cin. Chic. & St. Louis. U nder term s o f the lease, upon p a y
m ent o f the D. & W. bonds the L ittle M iam i w ill becom e sole o w n er
o f the D. & W. O f bonds $32,000 are 7s. Stock, $309,276.
D e l a w a r e R R . —8h ellpot Crossing, Del., to Delm ar, Md., 95-22
miles; branches, C entreville, M d .,to Townsend, Del., 35-15 miles; Clay
ton, Del., to O xford Md., 54-30 m.: Seaford, Del., to Cambridge, Md.,
32-97 m.; Clayton, Del., to C lie-tertow n, Md., 29-87 m.; other branches,
10-46 m.; total. 257-97 miles. V. 67, p. 1356.
Leased t ill M ay 1, 1927, to the Philadelphia W ilm ington & Balt,
which owns $1,664,475 of the stock; rental n et earnings—see V.
64, p. 1000. D ividends 1898 to July, 1902, inclusive, 6 p. e. yearly. In
year ending Oct. 31, 1901, gross, $1,606,660; net, $450,428; other
income, $32,274; interest, taxes, etc., $253,402; dividends (6 p, ©.).
$179,227; bal,, sur , $50,073.- (V. 68, p. 129.)
‘ “
D e l a w a r e <& B o u n d R roo ls; R R . —Owns from Bound B rook
(Central of N. J.) to D elaw are R iver, 27 m iles; branches to Trenton, 7;
second track 27 m ile s; all track 77 miles. In M ay, 1879, leased fo r 990
years to Phila. & R eadin g R R . fo r $267,000, p a yin g interest and 8 p. 0.
on stock; lease assumed b y P hila. & R ead’ g R a ilw a y .— (V. 68 , p. 722.)
D e l a w a r e & H in d s o n C o .—(See M a p .)— Operates railroad lines
from W ilkesbarre, Pa., v ia A lban y, N l Y ., to Rouse’s Poin t, on
Canada line, w ith branches, 664 miles in all. N am e changed from
D elaw are & Hudson Canal Co., A p ril 25, 1899. V. 68, p 871. Th©
system is w e ll shown on the adjoining map, and in clu des:
L in e s ow ned—
M ile s.
L in e s leased— $ Seethese cos. M iles*
Lackaw anna & Susquehanna,. 22 U Albany & Susquehanna......... 142
V a lley R R . o f P a ...... ............... 17 TTNew Y ork & Canada___ ,...,.1 5 0
Honesdale B ranch .............
28 ^Rensselaer & S a ra to ga ... . . . . . 192
Schenectady & M echan icville. 10 ifU nion R R ..............................
22
Cherry Val. Sharon & A lb a n y 21 T Jefferson R R . (tra ck a ge)........ 35
i
^Schenectady & Duanesburg.. 14 O th e rlin es..... ..................
7
T o ta l operated................................................... ..............................060
A lso leases U tica Clinton & Bingham ton and Rom e & Clinton R R ..
44 miles, sub-let to N e w Y o rk Ontario & Western.
H is t o r y , E t c .—T his company was chartered A p ril 23,1823. I t 1©
one o f the largest miners and carriers o f anthracite coal.
D tvid’ s.. 5’ 83 ’ 84 ’ 85 ’86 ’ 87 ’88 ’8 9 to ’ 96 ’9 7 to ’00 01
1902
S in ce’ 82% ( 7 7 6 5
5 6
7 y ’rly. 5 y ’rly. 7 Incl. Sept.,5
Dividends fo r 1902 fixed at 7 p. o., payable quarterly. V. 74, p. 93.
Bonds.—In 1899-00 issued $4,000,000 equipment trust 3 igs and de
benture 4s, of which $650,c 00 have been paid and the balance is paya
ble $350,000 yearly. V. 68, p. 670; V. 69, p. 1193; V. 70, p. 125.
Chateaugay Ore & Iron Co. $1,750,000 bonds are guaranteed by the
D. < H., $250,000 are to be reserved for future purposes and $200,&
000 to retire in 1907 $200,000 Chateaugay Ry. 6s. V. 73, p. 1263.
G e n e r a l F inances .—On M ay 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 live cents per ton of
coal sold or $175,000 to $206,000 per annum, to be charged against
income account each year. (V. 68, p. 92 6. See ordinance in full, V . 68,
p. 1180. Exam ination in 1898 showed tons o f coal owned iu fee bv
company, 165,186,393; tons o f coal under lease, 58,361,400; total.
223,547,793. In 1900 $200,000 stock was retired from proceeds o f the
sinking fund and $141,800 In 1901 and to June, 19o2, $151,100.
Earnings.—Earnings o f leased lines in N ew York State for 6 months
ending Jane 30 w ere:
r-d H
inny<Sc SuMiuih.— —N.Y.A Canada.-, r-Uens. & Saratoga.-,
,
0 months.
1002.
CO
w l.
1002.
)woi.
| 02
U
11 1
1
Gross............. 92.105J62
$2,400,-444 *540,845 *517,0111 $!,2ffi,tlll0 f l . 100202
N o t...............
041,240
1,308,6 i:t 211,181 188.358
300,241
200,721
Sur. over chps. 3,8,616
070,200
25,100
1,194 4lf.32l.7l8 df.:•27.0-10
A n n u a l R e p o r t .- Fiscal year ends Deo. 31. Annual m eeting is held
on the second Tuesday in May. Report fo r 1901 was in C k u o n i g l e ,
V 74, p. 475. See alflo e d it'r ia l p. 452. Coal (anthracite) carried in
1001, 7,571,298 tons; In 1.900, 6,228,770 tons; In 1899, 8,450,050 tons.
Verir e n d in g Dee, 31—
1901.
1900.
Earnings o f railroads................................ $12,178,(583
$ 11.4 * 5,197
Net (railroads) . ....................................
5,801,602
5,455,769
Interest, taxes and rentals......... .............
2,998,672
2,94 1,873
1 9 0 1 .. .. $1,131,531 $425,482 $41,759 (8 p.e.)$142,228
$241,495
1 9 0 0 .. .. 1,0.2,378
255,218 42,536 (8p.O.) 142,228
70,454
-(V , 66, p. 70 6 ; V. 68,p. 6 6 8 ; V. 70, p. 5 8 0 ; V. 72, p.391, 532.)
D a i l u s T e r m i n o l R a i l w a y < D i l l o n D e p o t C o ,—Term inal
fe
property at Dallas, Tex., and 8 miles fit road in Dallas. Nam e was
changed to Dallas F o rt W orth
G u lf By. in Dec., 1898. but resun ed
In Dec.,1901. V. 74. p. 9 b Sunk authorized, $500,oOO (par $100);
paid in at last accounts, $38,700. 'Jlio stockholders wore 10 vo te on
Kept, 2 a, 1902, on is-ulng a first, m ortgage to secu re$1,000,00') bonds
to extend the road and take up existing bonds, (V. 75, p. 239.)
D a y t o n < f l l l r l l l e a n I' H . — (See M a p (Jin. H am . dt Day. <) wn k
!k
D ayton, O.. to Toledo June., O., 141 miles. Trackage Into Toledo, 1 tj m.
L e a se .—leased May 1, 1803, in perpetuity to Cincinnati Hamilton &
Dayton, Rental is the interest arid sinking fund o f debt, and 8 per
oent on preferred stock and 3 ‘a per centon common.
P ro fit from ra ilroa d s........................ „.
$2,802,930
$2,5Ul,800
S k o iiiu t ie h . Guaranty on preferred Is secured by m ortgage o f 1871 •
■1
,801,1 < 0
1
673,404
but the preferred carries no votin g power. V. 5(5, p, H I 3, M ortgage of Net coal dept................................ ......
1856 Is held alive under iriortg. o f 1881, which D therefore a first lien;
Total profits...................
$4,004,070
Central Trust & Safe D eposit Co. o f Cincinnati, Trustee.
D ed u el Depreciation o f pCfiut
$1,000,000
D a y t o n U n io n B y . —Union depot at, Dayton, O. Ht.onk, $321,00(6
5 p, c, slnk’g fund on coal mined
2.43,300
all common, all outstanding. Pres,, M, 1 . In galls; Hen., 'Ralph Peters
5
Dividends......... ......
(7)2,425,860 ( )$!,'< 56,606
Treas., C. G.W aldo, Office, Cincinnati, O. (V. 73, p. 1263, 1312.)
D a y t o n At U n io n B i t . —Owns from Dodson, O,, to Union C ity,
Balance, surplus..................................
$044,400
$1,437,390
Ind.. 32 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
Earnings o f the coal departm ent In 1001, $17,318,770; expenses
miles. Operated by Cleveland Cine. Chicago V 8t. I/mis, which, Jointly
$15,517,625; net, $1,801,145.
In ; 1)00, $12,837,4*0; expenses, $ 1 2 *
with the Cincinnati Hamilton & Dayton, owns the capital stock.
163,000; net, $073,494.
Mboei
^ ^ M id la h d
' City
Harrisville
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^
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Munitow o
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B-ecd Cit^t
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p.
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or/r'*
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1
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ia
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7t
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Emporium
r id g w a y ^ ^ r ^ T ^ ^ l^
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Jeffers
Schenec
o -»rt ^
S S ^ P o 'o t? ^ pC ooperB T^&0
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K ojuX ! ^7^*<C>sTlantji;
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;
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Saginaw Clt]
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Clifton'
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nty
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Plattsburg
* \Lo01
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De Kalb Jc.
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r T.
Tupper L. J >
c.I5
[Clayton
Newton Falls
^6
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Trenton
°<$XTawas Cy.ct
Manistee
Brockville)
Lakefield
rboro
>etc
oundo
a
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\
C oiyell
Jrescotti
Irbot lAk A2>
Graverihurst
Elmirs
Carleton Jc>
[Perth,
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[Halburton
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Y ( / W H u n tin g to n :
V
o
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^ v \
2;__ j t r e n t o ;
H ARm SBU Rb^^
P’H I U ^ T n
\ ^ o A ^ X b a n c a s te r r "
AU^ P ,
Sbippensburg
Y ork
Coatesville\
'72^
Connellsvjlle
— ^ irid gep o rt^ ______
Mineral/Pt.Jc.
K G ettysb u rg/
_______
U n io n to w n '
Hyndman
___ _ ° / - W - ______ - / ----------- V
_
\ \ yv [irru n Q i^
V
---1
____ ^n ya u n ia u
Y a y desbg ____ . —
- - A “
*
agerSbowp ___ -—
*■
.
y / ! AT
\ \
'i';
‘ “
!
:s b
rGraftom
M AP OF TH E
DELAWARE, LACKAWANNA
# WESTERN R. R.
A N D ITS CONNECTIONS.
?l Q
/
W A S H IN G TO N S ^Gdxandrii
Popes Cr^
iisbury
7* / ^ —
U j
V * *
'otds
^Atsion
A-
*
OCTOBFR, 1902.1
RAILROAD STOCKS AND BONDS
sa
h o n a s—P rin c i
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,^When Due.
A m ou nt
When
Par
of
of
F o r explan ation o f colum n headings, Ac., see notes
Outstanding R a te per P a ya b le W here P a ya b le , and by Stocks —Last
Whom.
Road. Bonds Value.
Cent.
on first page o f tables.
D ividen d.
K A I J KO A D S.
j
D e la w a re M a ry la n d < V i r g i n i a — ( C o n c lu d e d ) —
£
Break. & Frank. 1st m. to State, red. aft. Jan.’95.
O ther m o rtgages . — ..................................... c*
D e la w a re R iv e r R R . < B r id g e —
£
1st M ., $ 1,300 ,000 , g.,gu . p .< fci.,P e n n .R R .G P .c*
D ela w a re Susq. & S. R R .—Stock (auth. $1,500,000)
D e n v e r L a k e w o o d & G old e n — 1st m ortgage. F
D e n v e r N o rtliw & P a c ific — 1st M., $.2,500,000.M e
D e n ve r < R io G rande —Stock, com., (see t e x t)., .'ft'r.
£
P ref. stock, 5 per cent non-cum., $44,400,000.T r
Is tc o n s . mort. fo r $42,000,000 )
^
TT
(now 1st m o rtg a g e )..................5 s 0111- - ^ 8-0
Im p ro vem en t m ort. ($5,000 per m ile) g .. Us.c*<fcr
R id G rande South’n 1st m ort., g u a r.C e ................
R io G rande Junction 1st m ortgage, g u a r ..C e .c *
R io G rande W estern -S ee th at company.
D e n v e r & Southw estern —Common stock ..................
P r e fe r re d stock, 5 p er cent, non cu m ...................
Mid. Term . 1st m ort., gold, sink, fu n d ..........F c*
Gen. M., $5,500,000, 8. f., n ot subj. to c a ll.C o .c *
Des M oin es & F o r t D odge— Common stock ................
P re fe rre d stock, 7 p. c. non-cum............................
Is tM . >
secures
\ Series A , int. guar., e n d ..F
Do. \ both e q u a lly ) Series B, int. g u a r.,e n d ..F
1st m ort. on extern, T a ra to R u thven , int. g u .. F
D . M o . la F .& N o — 1stM ..$14,0 0 0 p .m .,g.red .C o l.c *
Des M oin es U m o n —Stock, $2,000,000.....................
1st M. fo r $800,000, g o l d ................... ........ C e . or
D e tro it G ra n d R a v e n & M il. —1st equip. M. g u ... .c*
Consol, m ort., guar, (option —see t e x t ) ............. c*
D e tro it H ills d a le < S. W — St’k,4 p. e .re n t’l.L.S.AM S.
£
D e tr o it G ra n d R a p id s < 'Weste'rn— See P e r e M a r q
&
tT O f w h ich $100,000 on N o v . 30, 1901, intreasur
19
1874
10
....
1896
....
1890
1902
1,62‘ i
1,621
1,621
180
62
1886
1886
1888
3 890
1889
...
41
127
1895
1899
) QQ 5
88 l
55
75
1874
1874
1881
1901
J. A J. P h ila .,B roa d St.Station
do
do
Jan. 1, 1932
O verdue.
1,300,000
P h ila d elp h ia . Pa.
4 g. F. A A .
D rifto n , Pa.
1,500,000 See te x t M. & N.
627,000
6
See tex t.
4 g38,000,000
100
44 400,000 5 in 1902 J. A J. Office, 195 B ’ w ay, N. Y .
100
500 Ac. 32,050,000
4 g. J. A J. N. Y ., Fou rth N at. Bank.
J. A J.
do
do
1,000
6,382,500
4
do
do
8,120,000
500
5 g. J. A D.
1,000 X 2 ,277,000
4 g. J. A J. N . Y ., M a itl’ d, O. A Co.
do
do
1,850,000
1,000
5 g. J. A D.
Aug. 1, 1936
M ay 1, ’02,21s
A ll.
$200,000
650,000
3
4
$1,000
50
100
300
1,000
1,000
100
100
1,000
1,000
1,000
1,000
100
1,000
1,000
200 Ac.
100
3,000,000 See t e x t Q - F .
Checks m ailed.
2, <00,000 See te x t. Q .- F .
do
do
497,000
5 g. J. A D. N . Y ., Farm. L. A T. Co.
T 4,923,000
T
5 g. J. A D. N. Y ., K e s s le r A Co.
4,283,000
763,500 7 in 1902 A u gu st. Chicago, C. R. I. A Pac.
4
J. A J, N .Y.,C hic.R .X .A Pac.C o.
1,200,000
1,200,000
2*2 J. A J.
do
do
4
do
do
672,000
J. A J.
1,000,000
5 g. J. A J. N. Y ., C o lon ia l T ru st Co.
400,000
671,000
N. Y ., C entral Trust.
5 g. M. A N
A. A O. 5 N at. Bk. o f Comm’ ce >
2,000,000
6
3,200,000
6
A . A O. ( N. Y . and London. 5
4
1,350,000
J. A J. N. Y ., Farm . L. A T r . Co.
3 ‘7 1887
189 1878
189 1878
65
...
UETTE RR.
y and $1^ 9,0 00 in th e sinking fu nd.
O f f ic e r s - Presiden t, K o b e rtM . O iyp n a n W T rea su rer, C. A . W alk er;
S ecreta ry, F. M. O lyphant, 21 C o rtla n d t St., N e w Y o rk .
Managers— Robert M . O lyphant, W illiam H . Tillin g h a st. A le xa n d e r E . O rr,
Chauncey M. Dep»-w James W . A lexander, Horace G. Young. Jo h n Jacob A sto r. R. Somers Hayes, Frederic Crom w 11, D a vid W illco x, R Suydam G rant.
George 1. W ilber, c. A. Peabody.— ( V . 74,p .93,
4 7 5 , io37. Iufc8; V/<5,p. 42.)
D e l a w a r e L a c k a w a n n a & W e s t e r n R R . « f See M a p . ) - O per
ates main lin e from H oboken, N. J., opposite N . Y . City, to Buffalo, N. Y .,
410 m iles, w ith branches to an th racite region , etc., 490 m iles, viz.;
L in e s leased — IF See eachco. M ile s .
L in e s ow ned —
M ile s .
N. J. State lin e to N. Y . l i n e ___ 114 i[U tic a Chenango A Susq.......... 97
ly n c h e s to N ’rthu m berl’nd, Ac. 80 ITV a lle y R R . o f N . Y .................. 11
T W arren ...................................... 19
T
L in e s leased —
I
TFMorris A E ssex and branches. 157 T Sussex, A o ................................ 48
t[N .Y . Lackaw an n a & W estern .214 B a n go r A P o rtla n d R y ., A c.
(V . 72, p. 4 3 5 ).......................
47
Cayuga A S usqu ehanna........ 34
1TOswego A S yracu se................ 35
T o ta l operated Jan., 1902 .947
tFSyracuse Bing. A N . Y ............. 81
H is t o r y , E t c .—O rigin al com pan y chartered in 1832 ; p resen t title
assumed in 1853. N o sub-companies (co a l and m in in g) are controlled,
the ra ilro a d o w n in g its a n th ra cite mines.
D iv id e n d s —
$1881
’82-’ 84
’ 85
’ 86 to O c t..,02.
co ince 1880, p. o.
\ 63*
8 yearly
7*2
7 yearly.
F in a n c e s .—Th e refu n d in g o f M orris & E ssex bonds m atu rin g p rio r to
N o v., 1902, w ill reduce the guar, in terest charges o f th * la tte r about
$200,000 yea rly; W arren RR. refu n d in g in 1900 and 1905 w ill reduce
ch arges about $50 000 annually. V. :0 , p. 477; V . 71, p. 1066.
E a r n in g s .—E a rn in gs o f leased lin es in N e w Y o r k S ta te fo r six
months en din g Ju ne 30 w e r e :
6 m o n th s —
Gross.
Net.
I n t ., taxes, c£c. B a l.,s u r .
1902........................$3, 59,995
$1,298,234 $1,232,290
$65,944
1901........................ 4,0 ;4,8< 0
1,829,198
1,237,983
591,215
A n n u a l R e p o r t .—Fiscal y e a r ends Dec. 31. A n n u a l m eetin g is held
on the Tu esday precedin g the last F riday in Febru ary. Th e rep ort for
1901, w ith balance sheet, was in Ch r o n ic l e , V. 74, p. 474. See also ed it
orial, p. 453. The fo! tow ing includes ail lines ex cep t Syr. B in gh ’ton A
N. Y ., Sussex RR., B an gor A .P o rtla n d and Lack. & M ontrose R R .:
Y e a r end. D e c . ’ 1.
6
1901.
1900.
1899.
P assen ger ea rn in gs................. $4,522,383
$4,186,232
$3,951,051
F re ig h t e a rn in g s..................... 17,418,033
15,195,510
15,707,945
M iscellan eou s...........................
1.567.218
1,506,021
1,666,126
$23,507 634 $20,887,763 $21,325,122
N e t a fte r ta x e s ......................... $9,122,216
$8,753,912
$6,265,484
Coal d ep artm en t (n e t)............. *1,638,64 3
*1,200,082
^904,173
577,181
641,943
O ther m iscellaneous in com e..
441,390
$8,107,509 $10,235,266
T o ta l net in com e................$ i 1.202.248
Interest and ren tals.................. $5,387,854
$5,391 990
$5,365,012
R en tals, advances, e t c .............
2 61 ,2 12
1,402,104
12,2fc5
R en ew als and betterm en ts......
2,523,127
D ividends (7 p. o ....................
1,834,000
1,834,000
1,834,000
balance a fter d ivid en d s___ sr.$l,196,054 sur.$896,232 sr.$l,607,172
* E arn in gs o f the coal d ep artm en t in 1901, $27,118,214; expenses,
>25,479,571; net, $1,633,643; 1900, $22,261,887; expenses, $21,061,105; net, $1,200,082. >n 1899, $23,136,863: net, $904,173.
O f f ic e r s .— P resident, W. H. Truesdale; Chairm an o f Board, Ramuel
S loan ; Sec and Treas., F red F. Chambers, 26 E xch an ge Place, N. Y.
BOARD.—S*n tiel Blown (Chairman), Fredk. W. VanderbPt, Wm. W. A « T
or,
Eu^-ne Higgins. Henry A. C. Tat lor, J. R* ger« i\ uxwHl. Geo. F. Baker, Wm.
1
Rockefeller, Hamilton McK, Twomb'y, J hijicm Stillman, M. Taylor Pyne, Harris
C. Fahneaioek Fiank Work, John D. Rockefeller Jr.
—(V. 73, p. 287, 1 0 10 ; V. 74, p. 326, 4 T4„ 1139; V. 75, p. 289.)
D e l a w a r e . Y la r y lM iid Ac V i r g i n i a U K . - O w r i H from H arrington
to Rehoboth. D el.,44 miles; Georgetown to Franklin City, Va., 54 miles;
total, 98 miles. Controlled by Phila. Wllm. A Bait., which owns $320,200 of the $526,7--8 stock (par $25 , and so by Pennsylvania Kit. Hee
V. 50, p. 498. Loans and bills payable, Oct. 31, 1901, $184,800; other
floating debt, $472,092. In ye a r en ding Oct. 31,1901, gross, $242,610;
net, $ 9,717; Interest, taxes, etc , $49,292; balance, deficit, for year,
$19,575, but tills does not Include interest on the floating debt.
D e l a w a r e I t l v e r I I 1C. A- l l r l d g e U o . —Owns a bridge o v e r the
D ela w a re R ive r near Philadelphia and abom 10 miles o f connecting
railroad. Capital stock ($1,300,000) is ail owned by the Pennsylvania
RR., which guarantees trie bonds, principal and Interest, by endorse
ment on each. Dividend for 6 rnos., 2 p. o.. paid Dec. 26, 1900; 1901,
June 26 2 p. e.; Dec.. 2 p c. Sinking fund Is one p e r c e n t , but. bonds
cannot be called. Hee bonds and guaranty in V. 63, p. 1062, 1159.
D e l a w a r e Ntl«<l u e t i a n n a A. S ell u y I k 111 l i l t . —Owns main line
c
from Drlft.on, Pa., to Gowen, Pa., 31 miles; branches, 17 miles; total
owned, 48 miles.
T r a c k a g e Lehigh Valley HR., etc., 133 miles
Opened Feb. 15. 1892. The road is controlled by Ooxe Brothers A Co.,
Inc., the coal miners. D i v i d e n d s Oct. 18, 1892, 40 p. c. In cash ; Nov.
25, 1893. 20 p. c. In cash and 50 p. c. in stork; Hept. 26, 1894, 20aa p. c.
In rash; Nov. 1. 1899, t< Nov. 1. 1901, 4 p. c. cash yearly (paid M N.i;
In 1902, May, 28> p, © The $600,000 6 p e r c e n t bonds o f 1804 were
■
paid off from profits o f several years. V. 75, p. 666.
E a r n i n g s —In year 1901-02 gross, $870,240; net, $113,188; Inter
est, $14,029; depreciation, $61,259. - ( V. 75, p. 066 )
1952
J u ly 15,’02,2*3
Jan. 1, 1936
Jan. 1, 1936
June 1, 1928
Ju ly 1, 1940
Dec. 1, 1939
F e b .2 0 ,’ 02,113
Feb. 20, ’ 02,114
Dec. 1, 1925
Dec. 1, 1929
A u g.
Jan.
Jan.
Jan.
J u ly
1,’02,7%
1, 1905
1, 1905
1, 1905
1, 1931
N o v. 1, 1917
N o v. 14, 1918
N ov. 15, 1918
J u ly 5, ’02,2%
x A Iso $2,2 33,000 n ot guaranteed.
D e n b o n B o n b a m Ac N e w O r l e a n s R v , - D enison to Bonham ,
T e x , 29 m iles
O perated since com pletion Dec. 1, 1901, b y the Mo.
K ansas A T ex a s under a te n - je a r contract. Stock, $480,000. In June,
1902, a p lica tio n w as m ade fo r perm ission to issue $400,000 bonds.
Presiden t, Ed. D. S ta g e r; Sec., John W . Ru ssell.— ( V . 7 4 ,p. 1195.)
D e n v e r L a k e w o o d Ac G o l d e n R K , - E m braces 27 m iles o f
track, o f w hich 22 steam , D e n v e r to R alston , and 5 tro lle y , D en ver to
Barnum. W . W . Borst, re ceiver. On M a y 17,1902, fo reclosu re decree
w as em ered . V 74, p. 1139. Stock, $1,000,000. F o r 1900-01, gross,
$53,444; net, $12,719. P resid en t, Sam uel N ew h ou se.— (V. 74, p . il3 9 . )
D e n v e r N o r * li w e * t e r n Ac P a c i f i c R y •—P ro jec te d fro m D e n v e r
to S alt L a k e, about 500 m iles, a lo n g a lin e about 100 m iles south o f
th e U n io n P a cific and ) 25 m iles n orth o f the D e n v e r & R io Grande.
B y a rran t em ent with the San Pedro Lo s A n g e le s A P a c ifi a lin e w ill
be established throu gh C olorado, U tah, N e v a d a and C a lifo rn ia . E x
p ected to be com pleted in about tw o je a rs .
See V. 75, p. 289.
C on tracts h ave been le t See Ch r o n ic l e of Oct. 25, 1902. In co rp o r
ated in Ju ly. 1902, w ith $20,000,000 authorized stock, of whic h $10,000,000 p referred 5 p e r c e n t n on-cu m u lative, a ll to be issued fo r con
struction, togeth er w ith $20,000,000 o f the $22,500,000 4 p er cent
bonds - ( V . 75, p. 134, 184, 239, 289, 497.)
D e n v e r «& R i o G r a n d e R R . - ( 5 e e M a p )— R o a d —1 h e lines o f this
T
com pany, to g eth e r w ith those o f the R io G ran de W estern R y ., w h ose
stock is su bstan tially a ll ow ned, w e ll shown on the a d jo in in g m ap,
reach all the im p orta n t points in Colorado and ex ten d into Utah. It s
standard-gau ge lin e extend s fro m D en ver v ia Pu eblo w esterly, v ia
L e a d v ille and G rand Junction, to Ogden, S alt L a k e C ity, A c., viz.:
M iles.
R oad ow n ed and o p e r a te d ...2,328
R io Gr. Jc. R R ., etc. (le a s e d ).
62
M ile s .
O f th e precedin g;
Standard g a u g e ......................1,470
N a rro w gau ge o n ly ................ 920
T o ta l June 30, 1902........... 2,290 2d tra ck and 3d r a il.............. 381
E x te n s io n o f N orth F o rk branch, 21 m iles, is to he com pleted in
N o v.. 190 . T h e C astle V a lle y cut-off, e x te n d in g fr o m Farnham on
the main lin e o f the R io G rande W estern , 116 m iles, is to he con
stru cted fro m tim e to tim e as requ ired.
V . 75, p. 614. R io G rande
W estern , see th a t com pany, also uelow.
H i s t o r y .—R eorgan ization o f a r a ilw a y com pan y o f sam e nam e fo re
closed J u ly 12, 1886. Th e R io G rande Junction is leased jo in tly b y
this com pany and the Colorado M idland, and its bonds guaranteed.
T h e M issouri P a cific e a rly in 1901 acq u ired $14.800,000com m on and
$7,300,000 p referred stock, this, to g e th e r w ith the R o c k e fe lle r in te r
ests, it is understood, constitu ting a con siderable m a jo rity o f the en
tir e sto ck .- V . 72, p. 338, 580, 1238; V . 73, p. 506.
D iv id e n d s since ’ 91 > ’92 ’93 ’94 ’95 ’ 96 ’97 ’98 ’99 ’00 ’01
1902
on p ref., p e r c e n t........ S 0 2 0 0 2 2 2 ^ 4
4 5
5
B o n d s . —Consols fo r $6,900,000 o r ig in a lly reserved fo r extension to
O gden (m ade unnecessary by acqu isition oi R io G rande W estern) m ay
be used fo r oth er ca p ita l requirem ents. V. 73, p. 507. See abstract
o f m o rtg ag e in C h r o n i c l e , V . 47, p. 228.
Th e im p ro v e m e n t m ortg a g e abstract was in C h r o n i c l e , V. 47, p. 229.
D u rin g 1901-2 the p referred stock w as increased from $23,650,000 to
$44,400,COO, . O f the new p referred $12,500,000 w as subscribed b y
stockholders at 90 and used to acqu ire the en tire R io G rande W e s t
ern common stock, the re m a in in g $8, 50,000 b ein g Issued in exch an ge
fo r su b sta n tia lly all ih e $7,500,000 R G. W . pref. stock on basis o f fo
shares ot W estern fo r 11 share* o f D en ver stock. Through the R io
G rande W estern the Utah Fu el Co. w as acqu ired. V. 72, p. 775.
L a t e s t E a r n i n g s . —From J u ly 1 to A u g. 31, 2 m o n th s:
2 m o 8.—
Gross.
N et
Oth. in c .
f/ia rges.
B a t., s u r.
1 9 0 2 ... ..$3,087,277 $1,3 6,604
$40,200
$640,597
$756,207
1 9 0 1 ........ 2,998,002
1,204,233
31,197
605,457
682,973
A n n u a l R e p o r t .— F ull rep ort fo r 1001-02 in V. 75, p. 606, 614, the
R io G rande W estern Vicing included in 1901-2 only. Foi 1900 1. gioss.
earnings, in clu din g the R io G rande W estern, w e re $16,359,610, ugst.
$17,036,829; In 1 9 ol 2, as below ; not, $10,347,136, again st $10,331,542. Bee aim p. 582.
Y e a r e n d in g J u n e 30—
1902.
1901.
1900.
1899.
A v e r a g e m iles oper’ted
2,347
1,668
1,674
1,670
$
$
$
$
Gross ea rn in gs............. 17,036,828 11,452,404 10,246,080
9.270,246
Net earn in gs................ 6,705,286 4,328,506 3,760,241
3,559.897
O ther in com e...............
165,762
111,374
113,684
110,327
Total net in com e.......... 6,871,048 4,439,880 3,873.925
In terest on bonds........ 2 / 9 8 .0 9 3
1,855,122 1,882,106
Taxes and insurance..
580.016
396,471
357,527
N ew equ ipm ent...........
590,000
130.161
M iscellaneous...........
310,314
272,864
319,829
D ividend on pf. stk..(5)2,220.000 (5)1,182,500 (4)946,000
3,670.224
i ,9 0 0 ,8 1 0
337,552
177,590
275,133
(4)940,000
362,625
730,923
238,302
33,139
Balance, surplus..........
O f f ic e r s -Chairm an o f Board, G eo rge J. Gould; President.E. T. J e f
fery; Vice Pres, and Gen M g r . Bussell Harding; Treas., J. w. Gllluly;
Hee. and Comptroller, Stephen Little. Ofllce, 195 Bn ad way, N. Y.
Director*. Gciorge J. Gould, Mortimer E HrlilfT. Kdword II Ilnrrtm*n,
Wlfmiowr h. Pi. rre, W T. Jeffery nnd A ri hur f ’opni*II, N<*w Yoirlii ( ’. (J. Warner
.
rind Itiemell Harding, rU. Emus; Edward O, W olcott, I>en ver, C > .
<|
— (V. 74, p. 477, 676; V. 75, p. 342, 606, 6 I ft.)
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j&ATLBOAD STOCKS AND BONDS.
A7
Ronds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,When Due.
Am ount
of
of
Par
Rate Per When W here Payable, and by Stocks— La st
F o r explanation o f column headings, &o., see notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page o f tables.
D ividend.
R A IL R O A D S .
D e tro it L a n s in g < N o rth e rn —See P e r e M a r q u e t t e RR.
6
A ll 1895
D e tro it 16 M ade. —“ 1st lien,” $1,500,000. g . B I o ..c ‘
“ Mort. bonds” $2,500,000 gold, red. at par. M o . 0*
D e tro it M on roe < Toledo—S eeL. S h o r e & M i c h . S >
6
.
Det. So.— 1st M., g., $4,500,000, rtd. to ’06 at 105.Ce
M ortgage, $10,000,000 g o ld .C o .........................c*
Ohio South’n, equip, notes, due $6,560 m onthly.
D o ve r < Rockaw ay— Stock,6 p. 0., rental 999 years.
£
1st m ortgage...........................................................
D u b . < S. C ity —1 1 Cen., W. lines, 1st M.,g.Us.o*<fcr
&
1.
Io w a Falls
8ioux C ity 1st M., Ia. F. to S. City.
Cher & Dab.,C. R. &C. and O m ahaD iv.,ete.,lstM .
D u lu th < I r o n R ange— 1st m o r tg a g e .M p ........c&r
6
2d m ort., currency, red. at 105, $5,000,000.Ce.c*
D u lu th Missabe <• N o r th 'n — 1st mort., gold, 8. f ___
£
1st oonsol. M., $3,500,000, g., call at 105......... C e
2d mort. ($5,000,000) gold, red. at 105 .. — Ce.c
D u lu th So. Sh. <£A tla n tic —Marq.H. & On.gen.M. Ce.c*
Duluth South Shore & Atlan ., 1st M., gold.C e.c& r
F irst consol, mort., gold, interest guar.Ce.c*<fer
Inc. certs. ($3,000,000 held b y C. Pae. July, ’02)
Oar trusts Ju ly 1.1902 ................. ....................
D u l Ya. & R a in y L a k e— 1st M., $2,000,000, g ...c *
D u n k . A l.V a l. < F iits b .— 1st M., old 7s, to be refund.
£
Dutchess C ou n ty —See Ce n t r a l N e w E n g l a n d .
E ast B ro a d Top R R . & Coal — 1st m ortgage........... r
E ast M a h a n o y R R .— Stock.......................................
East P en n sy lva n ia —8tock6p.o gu.999 yrs.Phll.&R.
Is tM ., gold, guar. p.&i. b y P . & R, R R , (encL)...o*
E ast Tenn. Ya. < Oa.— See S o u t h e r n R t .
£
E ast Tenn.ct W .N . C ar. —lstM.$250,000. t iu P .C t t f c c .
E a s te rn K e n tu ck y R y.—Stock ($1,779,500 is p ref.)
4 g. J. & D. N. Y ., J. P. M organ & Co. June 1, 1995
do
do
June 1, 1995
4 g. J. & D.
A ll
1895
1,000
1,000
$1,0? 0,000
1,250,000
263
429
1901
1901
....
1,000
1,000
4,227,000
4 g.
3,466.000
255.000
5 &~6
140.000
6
35,000
6
5,425,000
4 g.
2,800,000
7
8,430,000 D eposite
6,732,000
5
See text.
6
1.174.000
6 g.
1.850.000
6 g.
4,658,000
5 g.
1,077,000
6
3,816,000
5 g.
15,107,000
4 g.
3,000,000
4
346,566
See text.
5 g2,900,000
100
5 1881
1.000
218 1895
1,000
184 1869 500 &c.
328 ’ 88-00
184 1887 i,6bo& c
184 1896
1,000
65 1892
130 1893
1,000
130 1898
1,000
156 1885
1,000
416 1887
1,000
572 1890
1,000
1892
M. & 8. N.Y.,C olonial Trust Co. Mob. 1, 1941
J. & D.
do
do
June 1, 1951
To 1905
A. & O. N. Y., 143 L ib erty st. Oct., 1902, 3%
J. & J.
do
do
Jan. 1, 1900
F. & A. N. Y ., Office, 214 B’way. Aug. I , 1951
A. & O.
do
do
Oct. 1, 1917
d to sec ure 111. Central bonds.
A. & O. N. Y ., Of., E m pire Bldg. Oct. 1, 1937
Jan. 1, 1916
J. & J.
do
do
Jan. 1, 1922
J. & J
J. & J. N. Y ., Central Trust Co. Jan. 1, 1923
do
do
J. & J.
Jan. 1, 1918
A. & O. N e w Y o rk , 44 W all St. Apr. 1, 1925
do
do
Jan. 1, 1937
J. & J.
Aug. 1, 1990
F. & A. N e w Y o rk or London.
N ew York.
Dec. 31, 1912
1903 to 1906
M. & 8. M inneapolis, Minn.
Mch. 1, 1922
N. Y .,N . Y . Cent,& Hud.
........
1802
....
1,000
1,000
....
36
36
1888
1,000
50
50
1,000
500,000
497,750
1,730,450
495,000
4
5
6
4 g.
J. & J. Jan., ’ 85, in t’s tla s t pd. July 1, 1903
J.& D.15 P h ila .,P a ., Read. Term . J’n e l5 ,’02,2ifi
J. & J. Phil., Phil. & Read. Ry. Ju ly 16,’02,3%
Mch. 1, 1958
M. & S.
do
do
31
1881
250,000
3,447,300
6
M. & N. Phila. Gu. T. & S. D . Co. N o v. 1, 1905
100
91
.... 1873
__
....
D e n v e r Sc S o u t h w e s t e r n B y . - D ivide, Col., to Cripple Creek
and Florence, etc., 77 miles; V icto r to Isabella, 6 m.; branches and spurs
to mines, etc., 47 miles; total, 130 miles, o f which 43 miles standard
gauge. Incorporated in N ov., 1899, to acquire M idland Term inal
Ry., Florence & Cripple Creek R R ., Golden Circle R R ., L a B ella M ill
W ater & P o w er Co., Colorado Trading & Tran sfer Co. and $225,000
bonds of U nited States Reduction & R efining Co. See prospectus, V.
69, p. 851,1011,1103; V. 72,p. S84; V. 74,880; also adv. in Ch ro n ic le
o f March 3, 1900. p. ix.
Sto c k and B onds .—Common stock, $3,000,000; 5 p. c. non-cum. p re
ferred stock, $2,000,000; all issued. O f the gen. m ort 30-year 5s $577,000 w ere reserved to redeem the outstanding $577,000 M idland 5s, the
only underlying bonds rem aining unretired; $199,000 h ave been pur
chased b y the sinking fund, and $100,000 purchased from surplus
earnings are held in the treasury as an asset. V. 74, p. 880. Sinking
fund o f $95,000 y ea rly w ill retire bonds purchasable in the open m ar
ket at not exceeding 110.
D iv id e n d s .—On common, l^e p. c. qu arterly M ay 1,1900, to Feb 1,
1902, incL; pref., f i t p. c. qu arterly M ay 1, 1900, to Feb. 1,1902, inel.
In M ay, 1902, dividends w ere deferred because o f ra te w ar, which
was settled in July, 1902. V. 74, p. 936; V. 75, p. 29, 76.
R e po r t .—R ep ort fo r year ending N ov. 30, 1901, w as in V . 74,
p. 880, showing gross, $1,849,069; net, $660,651; in terest on bonds,
$272,426; sinking fund, $123,976: div. on pref. (5 p. c.). $100,000; div.
on com. (6 p c ), $180,000; bal., deficit, $15,751. In 1899-19<;0, gross,
$2,481,567: net, $973,395. President, W. K. G illett; Secretary and
Treasurer, J. P. Cobb. Office, 52 Broadw ay, N. Y .—(V. 75, p. 29, 76.)
D e s M o in e s & F o r t D o d g e B E , - Owns Des Moines to F t. Dodge,
la ., 88 m., and T ara to Ruthven, 55 miles; trackage, Illin o is Central, Tara
to F o rt D odge Junction, included above. Leased Jan. 1,1887, to Chic.
Bock Isl. & Pae. fo r 18 years at rental o f 30 per cent o f gross earns., w ith
a guarantee o f 4 per cent interest on the Series A bonds, and 2% per
cent per annum on the Series B bonds, both series being equ ally secured
b y the m ortgage o f 1874. Th e series B w ere origin a lly 6 per cent in
comes, but their coupons have been stamped, reducing the in terest rate
to the 2 h p. o, guaranteed. P referred stock is en titled to 7 p. e. noneum ulative dividends, then common to 7 p. c. a fter w hich both share
equally. In 1901-1902 n ew parties purchased stock. V. 74, p. 1038.
D iv id e n d s .— > 1893
’94
’ 95
’96 to ’93
1899 to 1902
on pref. (p. c.) 5
2
4
4
6 y e a rly
7 yearly
Ren tal fo r year ending Dec. 31,1901, $207,573; fo r 1900 wa3 $189,8 9 4 .-(V . 72, p. 1135, 1 2 3 5 ; V. 7 4 ,p 1038; V. 75, p. 1 3 3 .)
D e s M o in e s I o w a F a l l s <fc N o r t h e r n B y . - - Under construction
in A p ril, 1902, from Io w a Falls, l a , to Des Moines, 75 m ile s ; in opera
tion Io w a F a lls to N evada, 41 miles. Stock authorized, $1,200,000. Bonds are subject to call at 105 on and a fter Ju ly 1, 1906; th ey
are lim ited to $14,000 per mile, w ith $50,000 additional fo r Des Moines
terminals. President, E. 8. Elsworth, Io w a Falls; See., J .H . Funk;
Treas., W. H. W ood s.~(V . 73, p. 1159; V. 74, p. 1038.)
D e e M o i n e s U n i o n I t y . —Term inal road in Des M o in e s; owns 3’7
miles main track and branches, 9-7 miles 2d and side tracks, bridge
across Des Moines R ive r and 25 acres o f land in Des Moines. 8ee
statem ent!*) N. Y . Stock Exchange V. 65, p. 1173. Leased to Wabash.
R R., Chicago Great Western, Chic. Mil. & 8t. P. R y , Chicago B u rling
ton & Quincy RR. and Keokuk & W estern Ry. (O. B. & Q. 8j stem).
The Des M oires Towa F alls < Northern Ry. w ill, it was repoi ted, also
fe
use the terminals. V. 75, p. 342. Rental equal to expenses and fixed
charges pain m onthly by lessees on wheelage basis. Bills payable
June 30, 1900, $59,000 Earnings fo r year 1900 01, gross, $170,283;
net, $48,669; chargee, $ 4 8 ,6 6 9 .-(V . 75, p. c42.)
D e t r o it i * r u m l H a v e n Sc M i l w a u k e e B y , —Owns from De
troit to Grand Haven, Mich., 189 miles. A reorganization o f Hex>tember, 1878. The principal and In terest on the bonds are guaranteed by
the Grand Trunk o f Canada. Stock, $1,500,000; par, $50. Real estate
bonds or mortgages, $226,000. On June 30, 1901. sundry outstanding
accounts, $356,520. Grand Trunk o f Canada owned Deo. 31,1900,
the $1,500,000 stock. \s to offer to bondholders In 1900, see V. 71, p. 84.
For year ending Deo. 31, 1901, gross. $1,077,220; net, $283,270;
charges, $382,500; bal., def., $79,230. F or 1900, gross, $1,006,323.
D e t r o it G r a n d R a p i d s Sc W e s t e r n . —See Pere M arquette R R .
D e t r o it H i l l s d a l e Sc S o u t h w e s t e r n R R . —Owns from Ypsilantl,
Mich., to Bankers, Mich., 65 miles. Leased in perpetuity from July 1,
1881, to the Lake shore < Michigan Southern Go.; the rental Is $54,000
fe
per year - 4 per cent on stock.
D e t r o it Sc I ,l m a N o r t h e r n R y . —Bee D etroit Houthern Ry.
D e t r o it M a c k i n a c Sc M a r q u e t t e R R , —SEEM i SCELLANi.otJBCOB.
D e t r o i t Sc M a c k i n a c R y . —Owns from Bay City, M ich.,to Tow er,
174 miles; Hose City Branch, 3 2 m. Prescott Branch, 12 in.; Valen
tine Lake Branch, 28 rn ; Lincoln Branch, 1,4 miles; various logging
branches, 72 miles; total, 330 miles. L a Rocque to O/iaway, Mich., If)
miles (which form s part or the extension to Mackinac), operated from
July 1, 1898. Much of the logging branch m ileage is tem porary, built
only to bring out lumber. Ben V. 61, p.558. In 1901*02 carried 842,092 toils, of which forest products furnished 72'45 per cent.
h i s t o r y , E t c .- -Formed in December, 1894, to succeed the D etroit
Bay City & Alpena, sold In foreclosure. In May, 1902, Gould Internals
acquired control, V. 74, p. 1139.
B onds .—’ 'M ortga ge b o n d s” for $500,000 are reserved for better
ments, etc.. at not. o ver $50,000 per year. V. 74, p. 629. Loans and
bills payable June 30, 1902, $183,584.
Sto c k .—The capital stock is $3,000,000, o f which $2,000,000 com
mon and $1,000,000 preferred. See V. 74, p. 629.
L a te st E a r n in g s .—
) 1902........... Gross, $133,031; net, $42,817
2 mos., July 1 to .Aug. 31.51901............Gross, 137,001; net, 29,625
E a r n in g s .—R ep ort fo r y ear ending June 30,1901, in V. 73, p. 1261.
In 1901-2, gross, $862,192 ; net, $281,901; taxes, $23,573 ; interest,
$109,500; miscellaneous, $30,104; bal., surplus, fo r year, $118,724.—
(V. 74, p. 629, 1088, 1139; V. 75, p. 849).
D e t r o i t S o u t h e r n R y . —Operates from D etroit, Mich., to Wellston, O.. v ia Lim a, 343 miles, w ith branches, 80 miles, a tota l o f 423
miles, Including about 15 miles o f trackage, and thus constitutes a
route from the bituminous coal fields in Southern Ohio. In Aug., 1902,
the Iro n Ry., Iron ton , O., to Centre, 14 miles, w ith branches, 7 m iles,
was purchased. A lso in Aug., 1902, acquired the Iron R y., Iron ton ,
O., to Centre, 14 miles, w ith branches, 7 m iles, a connecting line from
Bloom Switch to L a w ren ce Furnace, 1823 m iles, to he ready fo r opera
tion about Dec. 1 ,1902. V. 75, p. 184, 441.
Or g a n iz a t io n .—A consolidation o f the Ohio Southern R R . and the
D etroit & L im a Northern Ry. on June 1, 1901, a lter foreclosure, p e r
plan V. 72, p. 438.- V . 72, p. 626, 722, 1034, 1080.
8to c k .- Common, $10,500,000; present issue, $10,000,000; pre
ferred 4 per cent, non-cum., $6,500,000; present Issue, $6,000,000.
V o ting T ru st .—Both classes o f stock are vested until June 1, 1906
(unless surrendered earlier at their discretion), in the fo llo w in g v o tin g
trustees: Frederick J. Lisman, John E. Borne, Evans R. Dick, Cyrus J.
Law ren ce and Leopold Wallach.
B o n d s . — The $4,500,000 4 Q yea r 4s are secured b y a purchase
money lien on the Ohio Southern R y. (Lim a to W ellston and branches,
in all 263 m ile s ); upon th eir retirem ent, fo r w hich $4,500,000 o f
the f if t y y ear 4s are reserved, the la tte r w ill be a first m ortgage 01
a ll the consolidated properties. Of the 50-year 4s $2,034,000, to
gether w ith $500,000 each o f preferred and common stock, are re
served fo r extensions and im provem ents, and $273,000 o f the 40year 4s fo r im provem ents on, and equipm ent notes of, the Ohio South
ern R R See official statement, V.72, p.1237; V.73, p.1261; V.75, p .666
L atest E arn in g s .—5 m os.,) 1901.......Gross, $539,888; net, $148,601
Ju ly 1 to N o v. 30.
’ 5 1 9 0 0 ......Gross, 480,624; net, 114,37S>
E arn in g s .—The earnings of the Ohio Southern RR. fo r the year en d
in g J u re 30,1900, w ere reported as gross, $824,820, and nee, $306,123, and those o f the D etroit & L im a N orth ern Ry., on a basis o f 197
miles, including 58 miles since sold, as gross, $383,745, and def. under
operatin g expenses, $6,198. D irectors M ay. 1901, V. 72, p. 1080.—(V .
73, p. 723, 956,1159, 1 2 6 1 ; V. 74, p. 267; V. 75. p. 184, 441 666.)
D e t r o i t Sc T o l e d o S h o r e d u e R R . —E xtends from T ren ton ,
Mich., 20 m iles south o f D etroit, to Toledo, about 39 miles, double
track. In Oct., 1902, sale w as reported pending to the Grand Trunk
Ry., possibly in conjunction w ith the Toledo St. Louis < W estern R e
fe
c e iv e r’ s certificates authorized, $214,900 in Jan., 1902, and in June,
1902, $425,000, to build connecting track w ith D etroit Southern a t
Trenton, Mich., and purchase ro llin g stock. (V. 75, p. 629,1251; V.
75, p. 497.)
D o m i n i o n A t l a n t i c R y . — (V. 71, p. 29, 84; V. 72, p. 86,1279 )
D o m i n i o n S e c u r it ie s C o .—O rganized In M ay, 1901, under N ew
Jersey laws. Owns 90 p er oent o f the stock o f the Cape Breton R y .
(V. 73, p. 183, 392), 60 p e rc e n t o f the stock o f the N orth Am eriean
Lum ber & Pulp Co. i V . 74, p. 887, 991); is interested in sale o f Canada
A tlan tic Ry. to Rutland I4R., etc. See official statements, V. 74, p.
986, 1 139. In June, 1902. a reorganization com m ittee, James G. Can
non, Chairman (M etropolitan Trust Co., N. Y ., depositary), requested
deposits. V. 74, p. 1251, 1308. Stook authorized, $3,000,000; par off
shares, $100; outstanding, $1,681,800. F irst dividend o f 2h> per cent
Jan. 15, 1902. V. 73, p. 1312. D irectors, Aug., 1902, V. 75, p. 441.
Office, 25 Broad St., N ew Y o rk .— (V. 74, p. 13o8; V. 75, p. 29, 441.)
D u b u q u e Sc S io u x C ity R R . — (See M an o f I llin o is C e n tra l J—
Owns Dubuque, Iow a, to Iow a Falls, 143 miles; Towa Falls to Sioux
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Io w a ,
to Sioux Falls, Dakota, 155 miles; Cedar Falls to M innesota S tate Lin©
(m erged l>y consolidation In 1896), 76 miles; T ara Station, near F o rt
Dodge, la,, to Council Bluffs, 130 miles; total owned, 730 miles.
Organization .—Controlled since A p ril, 1887, by the ill.C entral RR.,
which owns all except a few hundred shares o f the $15,000,000 stock
(as increased J une, 1900). and lias issued Its own bonds 0 1 the road;
1
the only D. < 8. O. bonds held by the public are the 7s Issued under
&
Io w a Falls & Sioux City mortgage, $2,800,000.
D iv id e n d s S i n c e 1801- 1895, Deo., 1 ; ’96, 3; '07 ,2; '98,8
'99, l>a
1900, 3; 1901, Us; 1002, Jan. 16, 1.—(V. 70, p. 1290.)
D u l u t h Sc I r o n R a n k e R R . —Owns Duluth to Ely, Minn., 119
miles, with branches to Mm aha Range Mines, Fayal, etc., 05 miles. O w ns
ore (looks and yards on Lake Superior costing over $1,500,000.
Sto c k , Etc . Stock authorized, $10,000,000, outstanding $3,000,000;
par $100. Land grant from Minnesota about 506,000 acres, o f w h ich
201,790 acres had been patented to It prior to April 30, 1895—V. 64, p.
1041. Federal Steel Co. (see U. S. Steel Corn.) owns the Stock and
$3,500,000 o f the $4,500,000 2d m ortgage bonds. (V. 06, p. 1237.)
The first inert, bonds are authorized at the rate o f $25,000 per m ile for
construction and $7,000 for equipment. Dividends prior to 1900 a g
gregated 100 per cent.
*18
INVESTORS’ SUPPLEMENT,
[Y o l .
lxxv
.
isoitas —.Princi
IN T E R E 8 T O R D IV ID E N D S .
M ile 8 D ate Size, or
pal, W hen Due,
A m ou nt
of
Par
of
F o r exp la n a tion o f colum n headings, <fcc., see notes
R a te P er When W here Pa ya b le, and by Stocks— L a st
Road. Bonds Value. Outstanding
D ividend.
Whom.
on first pa ge o f tables.
Cent.
P a yable
R A IL R O A D S .
E a stern R y ( o f M in n e s o ta — See G r e a t N o r t h e r n .
E lg in J o lie t & E a stern —1st M. ($10,000,000) g Oe.c*
181
E liz d b t . L e x . & B ig S a n d y — See C h e s a p . & O h io
E lm ir a C o rtla n d & N o rth e rn — See L e h ig h V a l l e y R R .
100
E lm ir a < L a k e O nt.— Sodus B a y & So.—1st M ., g . U n c
&
2
E lm ir a < W illia m s p o rt— St’k, com., 5 p. c. ren ’l, N.C. 7 5 1
&
P referred stock, 7 p. c. rental, 999 yrs., No. Cent.
1st m o rtgage.............................................................
Incom e bonds, 99 years to run.......................... c*
E r i e & C e n tra l N tw Y'>rk - 1 s t M., $250,000.T a . ..
E rie < P itts .— Stock, 7 p. c. ren ta l,999 yrs.,PennCo.
&
G eneral mort. (n ow 1st) $4,500,000, g., g u a r.U n
E r i e R a i l r o a d C o m p a n y — Common stock...........
2d p ref. stock, 4 p. c. non-cum
.....................
1st pref. stock, 4 p. c, non-cum.. - ................... .
A —O l d R o n d s A s s u m e d —R o a d s C o n s o l id a
N .Y . & E . 1st M .,Pierm . to Dun., ext., ’97, g o ld ..c x
2d m ortgage, (exten d ed in 1879) g o ld ............ c*
3d m ortgage, (exten d ed in 1883) g o ld ............ c*
4th m ortgage, (exten d ed in 1880) g o ld .......... c*
5th m ortgage (exten d ed in 1888), g o ld ..........c*
E rie R ’ y ,ls tM .,B u ff. Br., H o m ellsv . to A ttic a ,g .c *
1st consol, m ort., $30,000,000, gold, $ & £ . F .c *
N. Y . L. E. & West, fu nded coupon bonds, gold.c*
Buft. N. Y . & E rie, 1st M. (Bufm lo to C orn in g..© *
Buff. & Southw., 1st M., Buff, to Jam estow n, g .c*
N ew b u rg & N. Y . 1st m ort., exten d ed in 1889.-C*
R — R o n d s o n P r o p e r t ie s C o n t r o l l e d b y
*B ergen Co. R R ., 1 s tM .,Ruth. Jc. to R id gew . N.J.
*Ch. & E rie 1 st M. ,g. (M arion,Q .,to H am ’ d ,In d C e.cx
Chicago & A tla n tic Term in al, 1st m ort., g .C e ..
JElm ira State L in e R a ilro a d , 1st m o rtg a g e ........
ITGosb. & D eek ’t ’n, 1st & 2d M ’ s.,($60,000 are 2d)
75*2
75*2
....
20
85
85
. . ..
1891
$1,000
1884
. . ..
....
1860
1863
1902
. . ..
1890
1,000
50
50
1,000
500
....
$8,352,000
5 g.
500,000
5 g500,000
5
500,000
7
963,000
6
570,000
5
250,000
5 g.
50
2,000,000
7
1,000
3,918,000
3^2 g.
100 112,378,900
100
16,000,000
100
47,892,400 3 in 1902
M. & N.
J. & J.
M. & N.
J. < J.
fc
J. & J.
A. < O.
fc
M. & N.
<c£.-M
J. & J.
N. Y ., 71 B roa d w a y.
M a y 1, 1941
N. Y ., Nat. Bank Com. Ju ly 1, 1924
N o v ., 1902
Phila., B road St. Sta.
Ju ly, 1902
do
do
Jan. 1, 1910
do
do
do
do
Oct. 1, 2862
Office, Cortland, N . Y . M a y 1, 1922
N. Y., U nion Tru st Co. Sep. 10/02,1%
do
do
Ju ly 1, 1940
N e w Y o rk ,
F. *& A .
Au g.30,’0 2 ,1 ^
TED .
1847
1,000
1879
1,000
1853
1,000
1857
1,000
1858 500 &c.
1861 200 &o.
1870
1,000
1878 500 &c.
1,000
1876
1877 50 <fcc.
1,000
1868
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,600
16,891,000
3,699,500
2,380,000
1,500,000
250,000
4 g.
5 g.
4^g.
5 g.
4 g.
1,000
1881
1890
1,000
1888
1,000
7 1875 500 <fco.
. . .. ’88-’ 89
200,000
12,000,000
300,000
160,000
246,500
A. & O.
6
5 g. M. & N.
5 g. J. & J.
A. & 0.
7
V arious
6
446
446
446
465
465
60
526
526
140
67
12
4 g.
7 g.
7 g.
7
6 g.
5
O W N E R S H IP OF ENTI R E (*) OR A M A J O R IT Y
10
249
....
E a r n in g s .—F o r y e a r en d in g June 30,1901, gross, $4,200,581; net,
$2,301,360; oth er incom e, $17,113; charges, $993,578; balance, sur
plus, $1,324,895.— (Y . 67, p. 7 1 .)
D u l u t h M is s a b e Ac N o r t h e r n B y . - O w n s fro m D uluth to M ou n
tain Iron, Minn., 77 m iles; branches and spurs 76 miles; tra ck a ge to
U n ion D epot, Duluth, 2 miles; to ta l, 155 m iles. E n tire $2,512,500
stock and $2,305,000 o f the bonds are ow n ed by Lake Superior C onsol
id a ted Iron M ines, and so b y U n ited States S teel C orp oration w ith
$1,100,000,000 o f capital stock. - Y . 72, p. 1038.
E a r n in g s .—F o r y e a r en din g June 30,1902, gross, $3,755,416; net,
$1,202,954; oth er incom e, $104,602; charges, $76?,630; bal., surplus,
$544,926.-(V.70, p. 175; Y . 72, p. 183; Y . 74, p. 205.)
D u l u t h S o u t h S h o r e Ac A t l a n t i c S t y .—Operates D u lu th to Sault
Ste. M arie, 415 m iles; “ Soo” Junction to St. Ignace, 43 m.; other, 116
m.; tota l, 574 miles. C on trolled b y Canadian Pacific.
Ca p i t a l St o c k .—Common stock is $12,000,000 ; p referred , $10,000,000; par both $100. P referred stock is 6 per cent, non-oum. Canadian
P a cific J u ly l, 1902, ow n ed $6,100,000 com. and $5,100,000 p ref. stock,
$3,000,(i00 incom es and $15,107,000 consols.
B o n d s , <fcc.—A b stra ct f i r s t m o rtg a g e , Y . 45, p. 274.
T h e first consolidated m o rtgage o f 1890 has in te rest at 4 p e r cent,
gu aran teed b y Canadian Pacific, w hich J u ly 1,1902, held the en tire
outstanding issue [$15,107,000] in its treasu ry as security fo r its 4 p. c.
debenture s to c k ; consols fo r $4,893,000 are reserved fo r p rio r bonds
and additional amounts m a y be issued at $20,000 per m ile o f n ew lines.
G e n e r a l F in a n c e s .—O f the tonnage in 1901-02, ores furnished 47 p.
c., lum ber, etc., 28 p. c.
L a t e s t E a r n ’s.—2 mos., >1902......... G ross, $530,660; net, $229,948
Ju ly 1 to A u g. 31.
} 1901......... Gross, 499,147; net, 207,785
Surplus o v e r charges, $70,438 in 1902, agst. $50,728 in 1901.
R e p o r t —F iscal y e a r n ow ends June 30. (R e p o rt fo r y e a r ending
June 30, 1902, in V. 75, p. 729 )
Y ea r.
Gross.
N e t overtaxes. Oth. in c .
In te re s t
B a la n ce .
1901-2..$2,690,569
$873,742 $6,2*5
$859,700 sur. $20,327
1900-1.. 2,484,211
740,430 5,900
860,023 def. 113,693
— (V.70, p. 1 1 4 8 ; V . 72, p. 627.)
D u l u t h T r a n s f e r R y . —Foreclosed in 1902 and sold to N orth ern
P a c ific R y .— (V. 74, p. 1139.)
D u l u t h V i r g i n i a Ac R a i n y l a k e R y . —P rojected from V irg in ia ,
Minn., n orth erly tow ards K oochich in g, w ith branches, o f w h ich 15
m iles
com pleted
in
M arch, 1962.
Stock authorized,
(?).
In
M arch, 1902, filed a m o rtgage to the M innesota L o an & T ru st Co. o f
M in neap olis as trustee, to secure $2,000/ 00 noncls, o f w hich $1,500,000 are issuable at $15,000 p er m ile o f sin gle tra ck and rem ainder fo r
ro llin g stock, etc. President, W irt H . Cook; Secretary, F ra n k W.
H eim ick .—(V. 74, p. 679, 936.)
D u n k i r k A l l e g h e n y V a l l e y & P i t t s b u r g . - O v n s from Dun
kirk, N. Y ., to T itu sville, Pa., 91 miles. A consolidation in 1872.
O p era ted since Oct. 1, 1901, b y the L a k e Shore A M ich. So. R y. for
account o f N e w Y o rk Central, to w h ich leased fo r 500 years from
1873 at l 1 p. c. on stock. C apital stock, $1,300,000, N. Y . Central &
^
Hudson R iv e r Co. o w n in g $1,067,600; par, $100. F o r year ending
June 30, 1902, gross, $295,739 ; net, a fte r deducting taxes ($16,727),
$79,860; charges and dividends, the latter, $19,500 (lh a p . c.), paid by
N. Y . C en tra l.—(V . 70, p 1290.)
E a s t R r o a d T o p R R . Ac C o a l C o . (P a .)- ^ O w n s from M ount
U nion, Pa., to W oodvale, Pa., 31 m iles, and leases Shade Gap, 11 m iles,
and branches to mines, 3 m iles; tota l, 45 m iles. Th e stockholders o f
the Shade Gap R R . w ill v o te on Aug. 15, 1902, on consolidation. See
V. 75, p. 77. A coal road, opened in 1874. Stock $815,589 (par $50),
o f w hich $247,189 is 6 p. c. pref.; cu rren t lia b ilities June 30, 1901,
$341,023. Bonds in addition to 1st M., $42,888, int., 6 p. c., p a yable
M.-N. Y e a r 1900-01, gross, $86,779; net, $13,678; in terest, etc., $24,394; bal., deficit, $10,716.— (V . 67, p. 177; \ . 75, p. 77).
E a s t L o u i s i a n a R B . - ? e a r l R iv e r, La., to C ovin gton, 24 m iles
branch, M a n d eville Jet. to M a n d eville, 12 m iles; total, 36 m iles. In
Jan., 1901, co n trol w a s changed. V. 72, p. 87. E xten sion proposed
to F ran klin ton , La., fo r which bonds m a y be issued. Stock. $1,000,000; issued, $340,300; par, $100. Y ea r to June 30, 1900 gross, $89,628; net, $34,394; im . and taxes, $8,444; bal., sur., $ 5,949. P resi
dent, F. B. H a yn e, N e w Orleans, La.; Treas., C. K. M u llings, C o vin g
ton, L a . - (V. 72, p. 87).
E a s t H l a h a n o y R R . —Owns from E a st M ahanoy Juno, to St.
N icholas and branches, 11 miles. Re-leased Deo. 1, 1896, fo r 999
years to L it t le Schu ylkill Nav. R R . and Coal Co. at 5 per cen t on stock,
and lease assigned to Phil. & R. R y. O f the stock $283,650 is ow n ed,
$280,009 being deposited by R eadin g Co. under its gen era l m ortgage.
E a s t P e n n s y l v a n i a R R . —Owns R eading, Pa., to A llen to w n , Pa.,
35 m iles; second track 18 m iles; a lltra o k 73 miles. Leased fo r 999 years
from M ay 1, 1869, to the Ph iladelph ia & R eadin g R R . at a rental o f 6
per cent per annum on the stock and interest on the bonds. Lease as
sumed in 1896 by the P liila . & R ea d in g R a ilw a y Co. O f the stock
$878,850 is ow n ed b y the R ea d in g Com pany, $875,*0U0 o f w hich is d e
posited under its general m o rtg ag e o f 1897.
E a s t S l i o r e T e r m i n a l C o . ’ s R R . —R o a d .—Owns term in a l road
in Charleston, S. C., 3 m iles double track laid w ith 60 pound steel.
Com pany also ow n s 14 w harves, 30 warehouses, about 30 acres o f
land, 4 cotton compresses, etc., on the c ity ’s w a te r fron t, these bein g
M.
M.
M.
A.
J.
J.
M.
M.
J.
J.
J.
&
&
&
&
<
fe
&
&
&
&
&
&
M a y 1, 1947
Sept. 1, 1919
Moh. 1, 1923
Oet. 1, 1920
June 1, 1928
Ju ly 1, 1931
Sept. 1, 1920
Sept. 1, 1920
June 1, 1916
J u ly 1, 1908
Jan. 1, 1929
p i t a l St o c k , o r b y (IF) L e a s e .
N. Y ., 21 C ortlandt St. A pr. 1, 1911
do
do
M a y 1, 1982
do
do
J u ly 1, 1918
Elm ira,C hem ung Co.Bk Oet. 1, 1905
1928-29
N. N. Y ., 21 C ortlan dt St.
do
do
S.
do
do
S.
do
do
0.
do
do
D.
do
do
J.
do
do
S.
do
do
8.
do
do
D.
do
do
J.
do
do
J.
U )O F Ca
connected b y its ow n road w ith the oth er railroads en terin g the city, in
Febru ary. 1898, the in terests co n trollin g sold th eir holdings to C. C.
Cuyler, o f C uyler, M organ & Co., N e w York , in th e in te rest o f the
P la n t system (n ow A tla n tic Coast Lin e R R.) and associates. Bonds
h ave been deposited w ith the M etropolitan Tru st Com pany.
Bonds
are $1,000,000 first gold 5s, $166,480 fu nded coupon scrip and $277,000 second 8s.
R e c e iv e r s h ip .— W. E. H u ger w as appointed re c e iv e r in Janu ary,
1896.—V. 62, p. 138. Stock outstanding, $1,120,000.
E a r n in g s .—N et earnings for year ending June 30,1902, were $25,807; in 1900-01, $22,042 — (Y. 62, p. 138; V. 66, p. 425; V. 69, p. 1300.)
E a s t T e n n e s s e e V i r g i n i a Ac G e o r g i a . —See So u t h e r n R y . C o .
E a s t T e n n e s s e e & W e s t e r n N o r t h C a r o l i n a R R . . —A n a r
row -gau ge road from Johnson C ity, Tenn., to C ranberry, N.C., 34 m iles,
in clu d in g 3 m iles leased. Stock June 30, 1900, $501,900. E x ten sion
to Lin coln ton , N. C., about 75 m iles, projected. F o r yea r 1900-1, gross,
$70,957; def. under op., $2,766; int., taxes, etc., $13,026.
E a s t Ac W e s t R a i l r o a d . —See B irm in gh am & A tla n ta A ir L in e R y.
E a s t e r n K e n t u c k y R y . —R oad fro m R iv e rto n to W eb b ville, K y .,
36 miles. Chartered in 1866 and opened through in 1889. Stock is
comm on $1,697,800; p referred $1,779,500. T h ere are no bonds. B ills
and accounts p ayable June 30, 1902. £26.688. Earns, fo r yea r 1901-2
gross, $56,789; net, $9,331. In 1900-1, gross, $52,241; n e t , $6,615.
E e l R i v e r R R . —See L o ga n sp o rt & T oled o R y.
E l g i n J o l i e t Ac E a s t e r n R y . —Owns fro m W aukegan, 111., on
L a k e M ichigan, v ia Spaulding and Joliet, to P o rter, Ind., 130 miles,
and branches Norm antow n to A u rora, LO m iles—W alker to Cos
ter, 111.—32 m iles; H am m ond to W h itin g, In d., etc., 9 m ile s; to ta l
m ain lin e ow ned, 1 8 1 m ile s ; spurs to coa l mines, etc., 16 m iles;
trackage (L. N. A . & Chicago, 9 ^ ; Chicago & W est Indiana, 4'8; B e lt
Ry. o f Chicago, 2), 16 m iles; side tra ck s and yards owned, 93 miles,
to ta l tra ck operated, 320 miles.
O r g a n iz a t io n .—A n outer belt lin e a t Chicago fo r tra n sfer o f freig h t
w ithou t breaking bulk. A lso reaches coal fields. E n tire ca p ita l stock
ow n ed b y F ed era l Steel Co. and so co n tro lled b y U n ited States Steel
Corporation. V. 67, p. 578, 633.
St o c k .—Stock, $6,000,000, par, $100. D ividen d, 4 p. c. y e a rly (in
D ecem ber) in 1899 to 1901, in clu sive.
B o n d s , E t c .—F irs t m o rtg a g e balan ce unissued can be disposed o f
Cor extensions, betterm ents, etc.
Y e a r end. J u n e 30.
1901 02.
1900 01.
Gross ea rn in gs............................................... $2,178,484
$2,022,019
E xpenses and ta x e s ........................................ I,3 8 2 ,t8 4
1,271,706
N e t e a r n in g s .............................................
N et, inc. other in co m e.....................................
In tere st on bonds....................................
$750,313
$795,800
769,803
815,025
404,544 392,600
B alan ce...................................................... $410,481
$377,208
Presiden t, A. F. Banks.— (Y . 72, p. 872; V. 74, p. 151, 205.)
E l m i r a C o r t l a n d Ac N o r t h e r n R y . - ( Map L e h ig h V a lle y .)—
O w ns E lm ira, N. Y ., to Canastota, N. Y ., 118 m iles, and leases during
corporate existence, Canastota Northern, C anastota to Camden. N. Y.,
21 miles. In 1896, the $2,000,000 stock was purchased and 5 per
cent bonds gu aran teed b y the L eh igh V a lley . (V. 63, p. 402.)
E l m i r a Ac L a k e O n t a r i o R R . —Owns from C an andaigua,N Y ., to
Chemung Junction, 64 m ile s ; Sodus P o in t to Stanley, 34 m ile s ; other 2
—total, 100 miles. A consolidation in D ecem ber, 1886, o f the Sodus B ay
& Southern and oth er railroads. Leased at cost o f operatin g to the
Northern Central, which owns all the $1,500,000 stock. Lease may
be term inated on th irty days’ notice. Y e a r ends Deo. 31.
E a r n in g s .
Gross.
N et.
ln te re s t.d e .
B a l. y def.
$31,607
$72,715
$41,108
1901................... $785,886
1900................... 774,716
47,640
74,223
26,583
E l m i r a Ac W i l l i a m s p o r t R y . —Owns from W illiam sport, Pa., to
E lm ira, N. Y ., 75^2 miles. Leased to the N orth ern Central R a ilw a y
fo r 999 years from M ay 1, 1863. Th e dividends on the com m on stock
are 5 p. c. and on the preferred 7 p. c., less taxes, m akin g divid en d on
com m on 4*52 per cent and on preferred 6*40 per cent. Y e a r ending
Deo. 31, 1901, gross, $1,096,912; net, $175,474; ren ta l $177,465.
E l P a s o Ac N o r t h e a s t e r n R R . —See N e w M e x ic o R y . & C o a l .
E r i e < C e n t r a l N e w Y o r k R R . —C ortlan dt, N . Y ., to Cincin
V
natus, 20 miles; com pleted M ay, 1898 Successor in May, 1902, to the
ra ilw a y com pany, sold in foreclosu re on M arch 29, 1902. Y . 74, p.
1139. Stock, $250,00 »; par oi* shares, $100. Bonds, see ta b le above.
F o r year ending June 30,1902, in clu din g 9 months o f o ld com pany,
gross, $31.362;"def. under oper exp., $7,761; in terest charges n ot paid.
Pres Wm. W. M on tgom ery, N e w Y o rk .— (V. 67, p. 319; V . 70, p. 1149;
V. 74, p. 378, 727, 1139, 1195.)
E r i e Ac P i t t s b u r g R R . —Owns N e w Castle, Pa., to Girard, Pa., 81
miles; branch, to E rie Docks, 3 miles; trackage, to Erie, 17 miles; total
operated, 101 miles. Leased to the Pen n sylvan ia R a ilro a d fo r 999
years from March 1, 1870, at a rental o f 7 per cen t on stock and
in terest on the bonds, and the lease tran sferred to the Pen n sylvan ia
Company. T a x suit, see V. 71, p. 135.
E a r n in g s .—The lease was unprofitable to the lessees in fo rm er years,
the deficiency being in 1898, $137,967; but in 1899 profit. $32,873; in
1900, profit, $118,216; in 1901, profit, $ 3 0 7 ,4 9 8 .-(V . 71, p. 135.)
October, 1902 I
RAILROAD STOCKS AND BONDS
59
B on d s— P rin c i
IN T E R E S T O R D IV ID E N D S .
M iles D a te Size, or
pal,^when Due.
A m ou n t
of
of
R ate P e r W hen W here P a ya b le , and by Stocks —L a s t
Par
F o r explan ation o f oolumn headings, &c., see notes
O utstanding
Road. Bonds Value.
P a ya b le
Whom.
on first page o f tables.
Cent.
D ivid en d .
R A IL R O A D S .
E r i e R a i l r o a d — ( C o n c lu d e d )—
B — It o n d H on P r o p e r t ie s C o n t r o l l e d b y O WNER
8
*Jeffers’n ,lst& 2 d M ’s., e x .in ’ 87&’ 8 9 (H ’dale B r.le
1st m ort., C arbondale to S. depot, go ld .. F P .c *
37
'L o n g D ock Co.cons.M .,g.(now 1st M.) (s e e te x t)c * . . . .
HMont. & E rie, 1st & 2d morts. ($40,500 are 2ds) . . . .
40
IJN.Y.&G reenw . L .,P r io r lien M .,$1,500,000.N ,g.
34
fN e w Jersey & N. Y ., 1st M. (reorga n iza tion ).. .c*
G en.M ., $1,200,000 (red. 105 a fte r 5 y e a r s )...g . . . .
N .Y .L .E .& W .C .& R R .ls tM .,'“ la w fu l m on.” M p o v . . . .
*N. Y . L. E. & W .D .& I. Co. I s M., Y . 56, p. 82. P .c * . . . .
*N. Y . Pa. & Ohio, p rio r lien u., gold, $ & £ .F .c * 431
Do. Leased lines—see separate statem ents fo r Clev.
H N. Y . Susquehanna & W estern — N orth ern N e w Jerse
C—E r i e R a il r o a d C o m p a n y N e w B o n d s .
67
2d m ort. on Buffalo & Southw est’n, gold ..U L o.c*
1st consol. M. fo r $175,000,000S e c u rin g :—
P r io r lien bonds, $35,000,000, g o ld .... .F .c * & r . . . .
Gen. lien , $140,000,000, g. 3 % to J ’ly ,’ 98) .c*<fcr . . . .
Pa', coll. tr. M., $36,000,000, g., s.f., te x t.U Ie c<fcr . . . .
N .Y .L .E .& W . car tr.,B. to G. incl., pa rt pd. an.c* . . . .
N .Y .P a . & Ohio eq. trusts, snk. fd. 3%, d r’n at 100 . . . .
N e w E rie R R . equ ipm ’t trust, gold, part y e a rly
....
A v o n Geneseo & Mt. M orris and R och ester & Genes
E u re k a S p rin g s —See St. L . & No. Arkan sas R R
E va n s v ille < In d ia n a p o lis —T .H .& South. I s t M .F c * » 40
&
E v a n sville & Indianapolis 1st M., gold, gu a r.F .o * * 5 5
Con.M.($2,500.000)g.gu.p.<fci. (en d.)E .& T.H . Pc* 135
Evans. < T e rre H a u te — C o m m o n stock, $4,000,000
&
....
P r e fe r re d stock, non-cum ulative. See t e x t — „.
....
115
Consol, m o rtg ag e (1st lien) g o ld .... ....................
144
1st consolidated m ortgage, g o l d . F .................... c*
25
Mt. Vernon Branch m ortgage, g o l d ........... F .c *
SHIP o
f
1867
1889
1885
’66-’ 67
1896
1880
1893
1882
1883
1880
&Mah.
y —T io
$500&c.
1,000
1,000
100 &o.
500 &c.
500 &c.
1,000
1,000
500, <&
c.
V a lle y
ga R R .
1895
1,000
E n t ir
ORITY (t) OF C a p i t a l St o c k ,o r b y (1J) L e a s e .— G o n cl.
$300,000 4^2 & 6 J. & J. Phi la.. F id e lity Tr. Co. J u ly 1, 1927
2,800,000
5 g. A . & O. N. Y ., 21 C ortlan dt St. Jan. 1, 1909
7,500,000
6 g. A. & O. N .Y.,J. P. M organ & Co. Oct. 1, 1935
170,500
5
V arious N. Y ., 21 C ortlan dt St.
1926-27
1,500,000
do
do
M ay 1, 1946
5 g. M. & N.
M. & N.
M a y 1, 1910
400,000
6
do
do
1932
J. & J.
629,500
5
» do
do
1,100,000
6 cur. M. & N. N. Y ., 21 C ortlan dt St. M ay 1, 1922
6
J u ly 1, 1913
3,396,000
J. & J.
do
do
M. < S.
fc
do
do
M ar. 1, 1935
8,000,000
RR. and Sha ron R y.
—See each c om pany.
1,000,000
5 g. J. & 3. N. Y ., 21 C ortlan dt St.
1895
1895
1901
1,000
34,000,000
4 g.
1,000
35,885,000
4 g.
32,000,000
l,000& c
4 g.
....
1,000
578,120
5 & 6
’ 88-’90
1,105,204
5 g.
£100
1900-1
5,619,454
5 g.
see V a ile y Sto cks—Se e th OSE Cos.
1879
1884
1886
....
....
1880
1881
1883
1,000
1,000
1,000
50
50
1,000
1,000
1,000
E r i e R a i l r o a d . — See M a p o n a d jo in in g p a g e .—Em braces trunk
lin e fro m Jersey C ity, opposite N e w Y o rk City, to C hicago, 111., 998
m iles, and branches 1,332m iles; tota l, 2,318 m iles; second track, 703
m ile s ; 3d and 4th tracks, 24 m iles; tota l, 3,042 m iles. Th e to ta l oi
2,318 m iles com prises:
L in e s ow ned i n fee.
M ile s .
L ea s ed lin e s .
.
M iles.
Pierm on t, N. Y ., to D u n k irk ,...447 A v o n Gen. & M t. M o rr is ........ H I8'
Buffalo to Ja m esto w n ............... 67 M o n tgom ery & E r ie ................ H10
Buffalo to C o m in g ..................... 140 N orth ern N. J .......................... 1128
O ther bran ch es.......................... 112 Goshen & D ec k e rto w n ........... 1112
S tock a ll * o r n e a r ly a ll X owned.
Roch. & Genesee V a lle y ........ 1T18
L e a s e d to N y p a n o R R .
<Chicago & E r ie .......................11249
*Jefferson R R ........................... H45 C leve. & M ah on ing V a l........... H81
{N . Y . & G reenw ood L. <febrs.. 1J51 Sharon R a ilw a y ....................... H32
|New Jersey & N e w Y o r k ___ 1137 O ther lin e s ...............................
98
*N ypan o R R .............................11430 T ra c k a g e .................................. 168
IT Bee this com pany.
tT io ga R R .................................
58
------O ther lin e s ............................... 219 Lines in system June 30,’ 02..2,318
N. Y . Susquehanna & W e s t.. 236
H is t o r y .—On Dec. 1 , 1895, succeeded to the p ro p e rty o f the old N ew
Y o rk L a k e E r ie & W estern R R . C om pany, sold in fo reclosu re on N ov.
6 under its second consolidated m ortgage. The n ew com pan y holds in
fe e o r through ow n ership o f a ll or p ra c tic a lly a ll the stock o f the in de
p en den t companies, the lin e from N e w Y o rk to Chicago (in clu ding the
N y p a n o R R . and Chicago & E rie com panies) and also a ll branch and
subsidiary lines e x c e p t a fe w sm all properties. Th e reorga n iza tion
p l a n o f 1895 was in V. 61, p. 368.
In January, 1898. co n trol o f the N. Y . Susquehanna & W estern w as
obtained. T h e ro a d is o p era ted as an in depen den t lin e.— V. 66, p. 83,
335, 573, and ed ito ria l p. 53. See Sto c k below .
In M arch, 1901, n ea rly en tire stock o f P en n sylva n ia Coal Co. w as ac
quired, the purchase in clu ding va lu a b le coal mines. E r ie & W yom in g
V a lle y R R , Scranton, Pa., to L a ck a w a x en . 64 m iles, 48 m iles o f g ra v ity
road w ith term inus at H a w le y , Pa., and the H a w le y branch. 13 m iles,
fo rm e rly leased to the Erie. See B onds below . V. 71, p. 1219.1311;
V. 72, p. 44, 136, 241, 532, 627; V 73, p. 398. In 1900-1 an in te rest
in the stock o f the L eh igh V a lle y R R . was purchased. V . 73, p. 391.
Co al and St e a m b o a t P r o p e r t y .—Th e E r ie coal p rop erties re p re
sent an a g g reg a te o f 10,500 acres o f anth racite, o f w hich about
9,000 acres are held in f e e ; also 53,000 acres o f bitum inous coal
lands held in fee 14,000 acres o f bitum inous held under m in eral
rights. Its coal tonnage in tb e y e a r 1901-02 a g g reg a ted 12,411,078,
out o f the 27,897,159 tons hauled. T h e U nion Steam boat Co. has Ger
m inal, etc., prop erties in Buffalo and 8 lake steam ers. See V. 63, p. 514.
T h e P e n n . coal p rop erties acquired in 1900 are additional. 8ee above.
St o c k .—T h e stock Is to be held b y J. P ie rp o n t M organ , Lou is Fitzerald and Charles Tennant. B art., v o tin g trustees, fo r liv e years, and
h erea fter until the n ew first p referred stock shall h ave re c e iv e d 4 per
cent cash divid en d in one year. T h e new com pan y reserves the
righ t to redeem eith er class o f its p referred stock at par in cash. P r o
visions o f vo tin g tru st and p referred stock certifica te w e re g iv e n in
Supplement of A p ril, 1897, pa ge 3.
In Mar., 1898, E rie 1st prer. stock was increased from $30,000,000 to
$43,000,000, end comm on stock from $100.000000 to $113,000,000. to
acqu ire N ew Y o rk Susq. & W estern stock .- See V. 66, p. 335, 573. T h e
1st p r e f stock was fur* her increased in 1901 $5,000,000 in connection
witn the purchase o f the P en n sylva n ia Coal Co. V. 72, p. 136.
D i v i d e n d s .— F irst semi annual d ivid en d on 1st p ref., Ih j p. c. w as
paid A u g. 30, 1901; in 1902, Feb., 1J p. c.; A u g ., 1** p. c.
2
B o n d s .—T h e new first consolidated m o rtg ag e is fo r $175,000,000
(F a rm ers’ Loan A T ru st Co. tru stee)—see a b s t r a c t o f deed V.62, p. 89,
and secures $35,000,000 prior lien and $140,000,000general lien bonds.
O f the $140,000,000 g e n e ra l lie n bon d s , $91,003,000 are reserved fo r
the u ltim ate acquisition o f bonds and ^ la ra n te e d stocks le ft undis
turbed on various parts o f the system [see list V. 62, p. 89), and #17,000,000 w ere reserved fo r new construction, betterm ents, additions,
etc., a fte r 1897, under ca re fu lly guarded restrictions, not o v e r
$1,000,000 to be used in any one year.
T h e position o f the first consolidated m o rtg ag e is su bstan tially as
fo llo w s: I t is a first lien (m o rtg a g e or colla tera l, the prior lien bonds,
h ow ever, preceding the general Lien bonds] upon tbe company's ch ief
coal prop erties (ex cep t Penn. Coal Co.) upon Its w a ter »nuiHportatlon lines, including valu able term inal properties appurtenant thereto,
and upon a num ber o f p rofita b le local lines in N ew J ersey and near
B u ffalo; it is a second lie n upon certain m inor coal prop erties and
upon the railroads leadin g to all the coal properties, upon the t e r
minals at Jersey C ity, upon the Buffalo N ew York Si, Erie Railroad
(the main line to Buffalo) and the Buffalo term inal p roperties other
than those upon which It Is first lien, and upon the en tire lin e from
Salam anca to C h icago; It Is a second co n s o lid a te d m ortg a g e upon
the, lines betw een P ierm o n t and D unkirk (446 in lies.)
T h e collateral tru st 4s o f 1901 are secured by 51 per cent o f the
entire N ew Vork Susquehanna St W estern stock ($20 000,000 total
Issue), all o f the Pen n sylva n ia Coal Co stock, and the stock
o f the E rie Si W yom in g V a lley R R , Scranton, Pa , to L ackaw axen , 04
miles, and the D ela w a re V a lley < , K in gston RR. O f the bond ' #32,v
000,000 w ere Issued to acqu ire these stocks (ex cep tin g the N. Y.,
Susq. A W estern, already ow n ed), the rem ainin g #4,000,000 being re
r.
served fo r Im provem ents to the properties represented iiy the stocks
acquired. A sinking fund o f 10 cents per ton o f coal sold purchases
bonds at not exceed in g 105, o th erw ise to be app led to the d ra w in g
f
e (*) o r a M aj
J u ly 1, 1908
J. & J. N e w Y o r k & London.
Jan. 1, 1996
J. & J. N . Y .. 21 C o rtla n d t St. Jan. 1, 1996
F. & A .
Feb. 1, 1951
do
do
Various
do
do
Y e a r ly to 190&
Various
London.
1908 & 1910
V ariou s
N e w Y o rk .
Y e a r ly .
M .& S. N. Y ., Farm . L . & Tr. Co. Sept. 1, 1909
251,000
7
Ju ly 1, 1924
do
do
647,000
6 g. J. & J.
do
do
Jan. 1, 1926
1,602,000
6 g. J. & J.
M a y 1, ’0 1 , li*
3,987,383 1*2 In ’01 M. & N.
1,282,417 5 in 1902 A. & 0.
Checks m ailed.
Oct. 15 .’02,2%
30,000
6 g. J. & J. N. Y ., Farm . L. & Tr.Co. Ju ly 1, 1910
do
do
Ju ly 1, 1921
3,000,000
6 g. J. & J.
do
do
A p r. 1. 1923
375,000
6 g. A . & O.
o f bonds b y lo t, a ll such bonds to be k e p t a liv e and tb e accruin g in te rest thereon to be added to the sinking fund, which, it w a s estim ated,,
w ill be sufficient to r e tir e th e w h o le issue at or b efo re m atu rity. V.
71, p .1 2 1 9 , 1311; V. 72, p. 44, and circu lar, p. 136 ,532 257. In 1901-2
$222,000 o f th e am ount shown above as outstan ding was purchased
b y the sin kin g fund.
R e a l estate m o rtgages outstan din g June, 30, 1902, $7 63,32 5.
O ld B o n d s — U nder th e first consol, m o rtg ag e ot 1895 th e co m p a n y
covenants to p a y the in te rest r e g u la r ly oh a ll th e old bonds in the
cable th at are m arked w ith a * o r a I (e x c e p t N. J. & N. Y . bonds,)
and to take them up and p led ge them w ith the tru stee at m a tu rity*
L o n g D o c k 6s see M arch, 1894, S u p p l e m e n t under N . Y . L . E. & W.
F o r N . Y. L a k e E r ie & W. G oal & R R ., see Su p . Janu ary, 1895.
F i x e d C h a r g e s .—Th e fix ed charges o f the System w e re redu ced by
the re o rg a n iza tio n from $9,400,000 to $7,860,000 per annum.
G e n e r a l F i n a n c e s .— T o J u ly 1, 1902, $4,000,000 o f $5,000,000
p rior lien bonds re serv ed fo r construction and n ew equipm ent w e re
sold; also $2,931,000 gen era l lien bonds issued fo r construction, etc.,
du rin g 1901-2. — . 71, p. 754, 1219. T h e first d ivid en d on first p re
V
ferred w as declared in J u ly, 1901.—See a b o ve and V. 73, p. 137.
T h e purchase o f th e con trol o f th e P en n sylva n ia Coal Co. la t e In
19(10 rem oved th e dan ger o f an in depen den t a n th ra cite coal lin e to
tid ew a ter. Th e acqu isition was financed b y the issue o f $32,000,000
colla tera l tru st 4 p er cen t gold bonds and $5,000,000 first pref. stock.
V. 71, p. 1219, 1311; V . 72, p. 44, 136, 532.
E a r n in g s .- 2 mos., ) 1902........ Gross, $6,849,694; net, $2,117,326
J u ly 1 to A u g. 31.
51901........Gross, 7,353,34G; net, 2,557,976
A n n u a l R e p o r t .—F isca l y e a r ends June 30. R e p o rt fo r 1901-2 given
in fu ll in V. 75, p. 846, 859 ; see also ed ito ria l on pa ge 826. A v e r a g e
fr e ig h t train load , 400 tons, again st 400 in 1900-01.
1901-2.
1900-1.
1899-0.
1898-9.
M iles o p e ra te d ........
2,316
2,318
2,272
2,271
Gross ea rn in gs........$40,891,434 $39,102,302 $38,293,031 $33,752,704
W orking expen ses.. 28,176,600 28,406,974 28,44^,605 25,169,926
N e t e a r n in g s ....$12.717,834 $10,695,328 $9,844,426 $8,582,778
N e t coal com p’ s . . . . x $ l , 702,491x $ l , 274,830
$236,642
$298,479
O ther in com e...........
242,721
221,247
183,466
259,097
T o ta l n et in c ,..$14,663,042 #12.191,405 $10,264,534 $9,140,354
In te re s t................... $8,3 96,891 $7,541,730 $6,921,623 $6,842,679
R e n ta ls ....................
1,112,163
1,139,483
1,158,387
1,093,53ft
P.c. due l ’ s’ d lin e s ...
215,696
228,409
233,396
355,086
In t. on equip, t r ’s ....
298,590
269,599
245,106
174,777
In t. on m o rtg’ s........
255,023
194,027
42 ,5 9 2 _______20,475
T o ta l ch arges... $ 1 0 ,2 '8 ,3 6 4 $9,368,248 $8,601,104 $8,486,555
Balance, su rp lu s... $4,384,677 $2,823,157 $1,663,430
$653,799
D ivs. on 1st p f.... (3 )$ l,436,772 (1 ^ )7 1 8 ,3 8 6
............
............
x Represents the profits of the Pennsylvania Coal Co. for b'A m onths ending
Jun*' 30, 19**1, and of the other coal properties for the two \ears from J u ly 1,
1899, to Ju n e 30, 1901. T h e corresponding item under 1899 00 embraces the in
come from the latter properties for 1898-0, and so in the earlier years the pre
ceding year’s Income In each case ; in 1901-04 profits fo r the year of all coal
properties, including Pennsylva nia Coal Co., are included.
O f f ic e r s — Chairm an o f Board, E. B. Thom as; President, F. D. U n
derw ood; l * t V.-P., G. M. Cum ming; 2d V .-P. and S ecretary, J. A. M id
dleton; 3d V.-P. and Gen. M gr., D aniel W illa r d ; T reasu rer, J. W. P la tten; A u d itor, J. T. W ann.
D ir e c t o r s .—Chas. Steele, J. J. G oodw in , A b ra m S. H e w itt. John G.
M cCullough, D. O. M ills, A lex a n d er E. O rr, F. D. U nderw oou , Sam uel
Spencer, Francis L y n d e Stetson, Ebon B. Thom as, J. L o w b a r W elsh,
J. J. H ill Norm an B. Ream , R o b ert Bacon, H. M oK . T w o m b ly .— (V .
74, p. 576, 936, 987, 1308; V. 75. p 3 9 2 , 441, 8 4 6 , 8 5 9 .)
K v a i i H v l l l e A I n d i a i m p o l i * K i t . —Owns E v a n s v ille to T erre
Haute. Ind. (v ia W orth in gton ), 134 m.; leases branch, 12 m.
H is t o r y , E t c .—A consolidation in 1885. O f the consols $898,000
held to m eet prior liens. Th e consols, and the bonds o f 1921 are gu a r
anteed by Evans. Si T e rre Haute, which owns capital stock, $2,000,000,
C om pany o w i l h no equipm ent.
L atest E ar n in g s —12 mos., ) 1 9 0 1 -2 .......................... Gross, $330,267
J u ly 1 to Juno 30.
S 1900-1........................... Gross, 312,603
R e p o r t .—F iscal y e a r ends Juno 30.
In 190 102. d eficit under
charges, $64,054. In 1900-01, gross, $305,683: n o t,$89,433 ; interest,
taxes, etc., $176,038; bal., d eficit fo r year $86,605.— (V. 63, p. 8 7 8 .)
K v i i i i m v I I I c A T e r r e H a u t e It I t . —Th e system includes:
U oa d ow ned a n d op era ted . M iles. C o n tro lle d -o p . s e p a ra te ly . M ile s.
Indianapolis
E va n sville to T e rre H a u te .. 109 E va n sville Si
K va n svlllo to 'Terre H au te
Branches to Mt. V ernon, ofco. 48
v ia W orthington, e t c .......... 146
E va n sville B elt (stock hold).
5
Leased to other oo.’ s R o ck
ville e x te n s io n ...................
23
T o ta l In earnings.
162
With ( ’hlcago «V Eastern 1lllnols, form s route lo <fiileiuro I n M nr.,1 902.
.
Edwin H H ooley mid C hicago Si Eastern Illin o is interests obtain ed
control ami divid en d on comm on stock pnsftod.—V* 74, p. 477, 577.
DlV'Dft
Corn, stock,
Pref. stock
i ’87-’90 ’91 *92 ’93 ’94 ’95 ’06 '97 ’98 ’99 ’00 ’01
>5 y ’ rly
) ....
7
..
711 7 » « | .......................... 2%
............ ...
l
l
2 4'c
3 Pc
5 5
’02
-------
5
1 A lso 5 per cen t In bonds. | Also scrip dividend.
|
On preferred 5 n e declared In 1002, payable 2 Si p c. O c t . 1 902,
and 2Si p. o. April 15. 1903. Hen:J annual dl\ blend oil common, N ov.,
1901, w as passed. V. 74, p 680, 727, 77*’.
©
INVESTORS’ SUPPLEMENT.
October 1902. i
RAILROAJ> STOCKS A U D
BONDS.
til
Bonus — P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Due.
Am ount
of
Par
of
For explanation o f column headings, &o., see notes
Outstanding R ate per I When Where Payable, and by Stocks— Last
Road. Bonds Value.
on first page o f tables.
Cent.
Payable
Whom.
Dividend.
R A IL R O A D S .
E van sv. d T .B .f C o n .)— Sullivan Co.C oalbr.M .,g.F 0*
t
1890 $1,000
5 g.
$150,000
1,000
1st general m ortgage fo r $7,000,000, gold F . .c *
199 1892
2,223,000
5 g. . ..
F a ll B ro o k — Stock ($500,000 is 7 per cent, pref.)...
93
5,000,000 See te x t
50
tin d la y F o rt Wayne < W. R a ilw a y — l e t M. g .M e .e *
&
1894
—
1,000
1,200,000
Q
.(\
in normAt non-^nm., gold. IfFft____ ,r
1894
1,000
I 8'
800.000
100
F itch b u rg — Pref. 5 re r cent rental............................
17,360,000
5
Bonds, not m ort., $500,000, 1903, bal’ ce 1908.c*
’81-’ 88 1,000
2,500,000
5
. . . . 1887
5,000,000
4
Bonds to 8tate of Mass. 4 p.c. since Feb., 1897.0*
__„. ’84-’87 1,000
Bonds ($1,500,000 due 1907, interest A . & 0 .).c *
2,500,000
4
mm 1890
m
1,000
4
Bonds, not m ortgage, .................................. . .c&r
500,000
.. .. 1893
_
1,000
1,932,000
4-5
Bonds, (See text, $54,000 are 4s), not m o rt _ c*
.. .. 1894
500,000
Bonds, not m ortgage ............................................ e*
41
e
4
1,859,000
Bonds, not m ortgage ........................................... c* . . .. 1895-6 ........
. . .. 1897-8
4
Bonds, not m ortgage ($2,750,000 are 4s o f 1897)
4.200,000
1900-1 i,ooo
2,000,000
Bonds, not M. ($1,500,0 0 are 3b2S o f 1901) ..c&r
1,000
573,000
T roy <c Boston 1st mort. (V. 53, p. 4 05 ) ................
f
35 1874
7
1891
Brookline & Pep perell plain bonds, guar, (en d) ..
100,000
5
........
H in t d F ere M a rqu ette—See P e r e Ma r q u e t t e Sta TEME NT.
t
F loren ce Ir o n Phosph. d R R . — 1st M., $300,000, g.c*
t
50 1901
1,000 N ’ne A pr. ’ 02
5 g.
F lo rid a C e n tra l <£
Pen,.—S ee S e a b o ar d A ir L in e R y .
1,000
F lo rid a South .— 1st M., $5,000,000, g., g u a r.A R .c*
244 1895
4,241,000
4 gFonda Johnstow n <• Glover sv .—C o n .h l., $500,000..c
£
6
26 H881 100 &o.
200,000
1,000
26 ^ 8 9 7
500,000
1st consol, refunding m ort., $700,000, g o ld .N .c *
4 ^ g.
1,000
400,000
G eneral refunding m ortgage, $1,500,000. N ...C *
26 1900
4 g1,000
Johnstown G. & Kingsboro 1st M., assumed........
4 1893
50,000
6
1892
1,000
350.000
Cayadutta Elec. l8tM .,gu.,p.& i.,byF. J.& G .N ..,g.
6
159.000 4 & 5 g.
Am sterdam St., 1st M., ($50,000 are 5s) VJo...c*
4 1898
1901
1,000
Do
N ew M., $1,250,000 g.,red. at 110.N c *
5 g.
(1)
1902
....
1,000
750,000
F L S m ith d W.—1st M.,$5,000,06o,g.,red.l05,ITIe.o*
t
5 g.
100
F o rt Wayne d Jackson — Pref. stock, 542 p 0. rental
t
2,291,416
5^
98
__
100
2,540,000 2 in 1902
F o rt W orth & Denv. City— V t. stk. “ stamp, etfs.” 4%
1st m ortgage, gold, $18,000 per m ile M e ........6*
455 1881
1,000
8,176,000
6 g.
146 1888
1,000
Ft. W orth c6 R io Or.— 1st M „ g., old 5s, int. recLCec*
2,923,000
4 g.
....
B o n d s , G u a r a n t ie s , E tc .—Certain E va n sville & Indianapolis bonds
a re guaranteed. See that company. General mort. 5s fo r $3,855,000
are held in trust to retire the prior bonds ana car trusts at m aturity.
L atest E a r n s .—3 mos., 51901-2................. ........... Gross, $454,181
Ju ly 1 to Sept. 30.
1 1900-1............................ -Gross, 400,195
A n n u a l R e po r t .—R ep ort fo r 1900-01 was given in Y. 73, p. 612.
Y ea r end. J u n e 30—
1902.
1901.
1900.
Gross earnings,.......................$1,453,660
$1,393,943
$1,392,760
704,475
601,640
621,631
Net earnings...........................
Other incom e.........................
39,233
45,917
37,248
Ia . & O. N. Y., F a r L. & Tr. Co.
A. & O.
do
do
Q - F . 5 Office, Corning, N. Y.
J. & J. None paid to Jam , ’02
Sept. 1.
Office, Bos. & M.,Bos.
Q .-J .
Various
Boston, Office.
F. & A.
do
do
Various
do
do
J. & D.
do
do
Semi-an
do
do
M. & N.
do
do
Semi-an
do
do
Semi-an
do
do
A. & 0.
do
do
J. & J.
do
do
J. & D.
do
do
Apr. 1, 1930
Apr. 1, 1942
Aug. 5, 1902
Jan. 1, 1945
Jan. 1, 1945
Oct. 1, ’02, I I 4
1963 and 1908
Feb. l , 1937
1904-5-7
June 1, 1920
Various, 1903
M ay 1, 1914
1915 & 1916
1927-1928
Oct. 1,1920-21
July 1, 1924
Dec, 1, 1911
J. & J. Am .Tr. & Sav. Bk,, Chic. Jan. 1, 1932
J. & J.
A. & O.
J. & J.
J. & J.
J. & J.
A. < O.
fe
A . & O.
M. & S.
A. & O.
M. & 8.
See text.
J. & D.
J. & J.
See text.
N .Y ..N .Y . Seo. & Tr.Co.
do
do
N. Y ., Farm . L . & T. Co.
N T . , N . Y . Sec.& Tr.Co.
N. Y ., Merc. Trust Co.
N. Y ., Farm. L. & I t . Co.
N. Y ., M orton Trust Co.
N. Y ., M ercantile Tr.
N .Y .. H .B .H ollin s & Co.
Jan. 1, 1945
Apr. 1, 1921
Ju ly 1, 1947
Ju ly 1, 1950
1913
Oct. 1, 1922
Oct. 1, 1920
Sept 1, 1931
A pr. 1, 1932
Sept. 1 ,’02,2%
Apr.15,1902,2
Dec. 1, 1921
Ju ly 1, 1928
Punta Gorda, 74 miles; branches, 25; total, 244 miles. The bonds
w ere fo rm erly guaranteed b y the Sav. Florid a & W estern, this guar
anty being, It is unders’ ood, p ractically accepted b y the successor o f
the latter, the A tlan tic Coast L in e R R. F or y ear 1901-02, gross, $479,802; net, $117,273; other incom e, $5,603; int. on bonds, $169,640;
taxes, $31,932; bal., def., $78,796.— (V. 75, p. 77.)
F o n d a J o h n s t o w n Sc G lo v e r s v i lle R R . —Owns from Fonda,
N. Y., to N orth ville, 26 miles; leased lines, 26 miles; total, 52 m iles.
Stook $600,000; par, $100. O f the gen ref. 4s, $200,000 w ere issued
to retire 7s and $200,OOo fo r im provem ents; $700,000 are reserved
for prior bonds, rem ainder available fo r im provem ents, etc. V. 71, p.
T o ta l n et incom e................
$743,708
$647,557
$658,879 84. A lso guarantees $30,000 G lo versville & Broad A lb in 1st 5s. Owns
I iterest on debt..................... $337,950
$337,950
$337,950 $501,000 o f the $1,000,000 stock o f A m sterdam (E lectric) S treet R y.,
Taxes and miscellaneous......
77,672
77,253
70,528 which is building an extension (double tra ck )’ from Am sterdam to
Evansv. & Ind. d eficit...........
64,054
86,605
53,768 Schenectady, 15 m „ and to Hagamans, 28a miles. V. 73, p 31, 493,
D ividends on p r e fe r re d ........(5%)64,167
(5%)64,167
(5%)64,167 1355. A lso 0 was Cayadutta Electr c RR. See V. 73, p. 31; V. 74, p.987.
Owns entire $105,000 stock o f Coal Co. o f Fulton Co. and $200,000 of
........ .
(l1
s%)59,792 (31 )i39,500
a%
do
comm on.........
Cayadutta Elec. R y. 1st consol. 5s. (V. 71, p. 1167.) In 1896 parties
D epleted equ ipm ent.............
189,379
........ .
...........
Interested in the N. Y . Central entered the d irectory. Loans and bills
payable June 30, 1901, $340,000. F o r year ending June 30, 1902,
Balance, surplus..................
$10,486
sur.$21,788
def.$7,034
gross, $352,740; net, $109,200; other Income, $59,203; interest,
O m cE E S —President, E dw in S I-Iooley, Y e w York: Chairman o f D i taxes, etc., $115,921; div. (8 p. c.), $48,000; bal., sur., $4,482.—(V .
rectors, W. F . Carleton, N, Y.; Yice-Pres., Geo. H. B a ll; Treas., C. A.. 71, p. 84, 182, 1166; V. 74, p. 987.)
Nones; Secretary. G ilbert 8. W right, E va ■sviile, In d. D irectors (Mar.,
F o r t S m i t h Sc W e s t e r n R R . —Operates F o rt Smith, A rk., to
1902), Y . 7-5, p. 901; Y . 74, p. 477, §77.—(Y . 75, p. 549, 793.)
Indianola, I. T., 91 miles, o f w hich Ft. Smith Jot. to Indianola, 7 lm ile s ,
E v a n s v i l l e T e r r e H a u t e <fc C h i c . —See Chic. & East. HI.
is owned and Ft. Smith Jet. to Ft. Smith, 20 miles, is Kansas p ity
F a l l B r o o k ; R a i l w a y .— (See M a p New Y o rk C e n tra l & H u d son Southern trackage; under construction from Indianola to Guthrie,
O. T., 125 miles, o f which 27 mites are expected to be in operation b y
R iv e r R R .—Owns from Coming, N. Y ., to A ntrim , Pa., 53 miles; branch
N o v. 1 and the rem ainder b y July 1,1903. Th e road w ill develop coal
to Ulysses, Pa,, 40 miles; tota l 93 miles.
Oklahom a; H en ry C F rick o f Pittsburg,
L e a s e .—T he railroad and its ro llin g stock w as leased to N. Y . Cen properties inla rg ely interested. Stock. ^5,000,00 ', all Pa., is urderst od to be
outstanding;
tral & Hudson R iv e r RB, fo r 999 years from M ay 1J1899, fo r $175,000
yeariy, payable quarterly in gold, beginning Aug. 1, 1899. also taxes par o f shares, $100. Bonds, see table above. President and Treasurer,
f Cleveland, O.; Secretary and Treasurer, H . S. H azelton ,
and repairs, the leases o f the Syracuse G eneva & C om in g Ry. and A C. Dustin, . o ( V . 75, p. 29, 549.)
Pin e Creek RR., form erly held, being canceled and n ew leases made to Cleveland, 0 F o r t W a y n e Sc J a c k s o n R R . —Owns Jackson, Mich., to F o rt
N. Y. Central, which also assumed the guaranty o f the $3,500,000 Pine
Wayne, Ind., 98 miles. On A u gu st 24, 1882, leased perpetu ally to
Creek bonds. The lease does not include the coal properties o f Fall
Brook Coal Co. P rior to the lease dividends had been paid qu arterly Lake Shore & M ichigan Southern at a rental o f $126,027, equal to 5 ^
since 1891 at the rate o f 7 per cent per annum on preferred and 6 p. per cent on the p referred stock (see V. 56, p. 812), and after 1887 any
c. on common; since the lease, 7 per cent on preferred and 2*2 p er cent net earnings o ver 8 per cent on pref. stock to be paid as dividends on
common, but not exceeding 2 p. e. a year. Common stock, $436,132.
on comm on.— (V. 68, p. 379, 573, 773, 872.)
4
F o r t W o r t h Sc D e n v e r C i t y R y . —Owns F o rt W orth, T ex ., to
F a y e t t e v i l l e Sc A l b e m a r l e . —See Sun. J u ly ,’01, an d Y. 69, p.743)
F i n d l a y F o r t W a y n e Sc W e s t e r n R y . —(^ee M ap C. 3 . & D.y^- Texlin e, 454 m. Owns stock and bonds o f Ft. W orth & Den. Term . R y.
Stock , E tc. —Colorado & South. R y. owns a m a jority o f $6,835,000
Owns from junction w ith the “ B ig F o u r ” at F indlay, O., to F m t
Wayne, Ind., 80 miles. Uses Pennsylvania term inals in Ft. W ayne. common. Pref. stock, “ Btamped,” see V. 63, p. 1063.
Purchased in N ov., 1901, by the Cincinnati H am ilton & D ayton By.,
D iv id e n d s .—On pref. 2p. o. Mar., ’98; M ar.,’99,2 p . e.; Apr., 1902, 2
which w ill obtain clear title through foreclosure begun S e p t , 1902. p. 0. out o f surplus earnings o f the years 1899-1901. V. 74, p. 528.
Y. 75, p. 497.
B o nd s .—Finances readjusted in 1896, the 1st 6s agreeing (1) to
H is t o r y .—A reorganization o f F in dlay Ft. W. & W. R R ., foreclosed
and extended to Ft. Wayne, 20 m. Stock, $2,000,000; par $100. F irs t reduce interest to 4 per cent fo r five years from Decem ber 1, 1895;
(2) to take $312 stock fo r five overdue coupons and the 2 p. 0. deferred
m ortgage is $1,200,000, at $15,000 per m ile ; no Interest paid to Jan.,
1902. For year ending June 30,1901, gross, $106,358; net $17,111. interest. Plan V. 63, p. 75 A b s t r a c t o f m ortgage V. 45, p. 440.
In terest at 6 per cent was resumed in June, 1901. V. 72, p. 988.
In 1899-0, gross, $116,178; net, $15,897.—(V. 73, p. 1111; V.75, p. 497j
E a r n in g s .—2 mos., 51962...............Gross, $454,015; net, $121,79
F i t c h b u r g R R . —System extends from Boston Mass, to T roy,
July 1 to Aug. 31, (1 9 0 1 ............... Gross, 350,444; net,
95,27
S. Y., 190 miles; branches to Worcester, Bellows Falls, etc.. 268 miles;
A nnual R e p o r t .—F iscal y e a r now ends Juno 30. In terim report
453 miles In all, o f which 58 miles (Fitchburg to Greenfield) leased
from Verm ont & Mass, and 3 m. from other cos.; second track 172 m. fo r 6 mos. ending June 30,19 <2, was In V. 75, p. GO *, showing gross
L e a s e .—L eased for 99 years from July 1,1900, to Boston & Maine for earnings, $1,119,656, against $1,020,830 In 1901; net, $291,559,
5p.c. on psef. and 1 p. c. on common stock, payable quarterly [Jan. 1, agaln -t $261,017; other income, $7,822; interest, taxes and rentals,
etc.], organ ization expen ses,interest on bonds, taxes, expenses of $272,725; bal., sur., $26,656. R ep ort fo r 1901 was In V. 74, j>. t>75:
T e a r end. Dec. 31—
1901.
1900.
1899.
1898maintenance, etc.
The B. & M . holds all the $7,000,000 common
Gross earnings........... $2,163,397 $1,807,089 $1,610,852 $1,479,435
stock, m ostly purchased with proceeds of its 3 p. c. bonds, $ for $. V.
N e to v e r ta x e s ..........
533,860
346,410
340,157
406,522
70, p. 76, 125, 176, 583, 1291; V. 71, p. 29, 543; V .72,p. 532.
Other Incom e.............
11,962
17.083
15,750
17,881
B o n d s .—Debentures described In V 60, p. 967. The stockholders
From total net Income, as above, in 1901 ($545,822), deduct Interest
voted Sept. 24, 1902, to Issue $2,660,000 bonds to provide for various on bonds, $495,842; rentals, $10,000; bal., $39,981.
bonds m aturing tip to Dec. 1 1903, Inclusive; also to provid e fo r
Pros., Frank Trum bull, D enver, Col.— (V. 74, p. 6 7 6 ; V.75, p. 6 0 7 .)
additions and improvements. V. 75, p. 611; V. 73, p. 1112, 1312.
F o r t W o r t h Sc R i o G r a n d e R y . —Owns from F ort Worth, Tox.,
A n n u a l R e p o r t , hast, report (for 1890-1900) was in V. 71, p. 909. to Brownwood, about 146 miles; completed In August, 1891. Stock
- ( V . 73, p. 615, 662,11 1*2, 1312; V. 74, p. 629; V. 75, p. 611, Odd.)
outstanding was $3,108,100; par, $100. Tim stockholders voted June
13,1901, to increase the stock to $6,250,000 to pay Tor extension
F l i n t Sc F e r e iT Ia r q n e t t e R R . —Merged )n Pure Marquette R R
from Brownwood to Han Antonio and the M exican border, o f which
F l o r e n c e I r o n P h o s p h a t e Sc H R . -U nder construction from
48 miles to Brady to bo operated early In 1903. V. 72, p. 1287.
Florence, A la , to Mannlo, Term, 50 miles, of which 30 miles graded
In Vpr., I 902. To be completed In 1,902. Incorporated In Kentucky* Closely allied with the Ht. Bonis A. Han Francisco (which sec). V. 72,
to develop Iron ore deposits.through which the road will run. V, 74, p. 532, 5H0; V. 73, p. 137, 912.
I nterest
1897, 1st m ortgage 5 per cent
P 936 stock, $100,000, all outstanding; par of shares, $1 Of,. Presi bondholders A djustment . In May,cent
per
to
dent, Peter A rlund ; secretary, Thomas H. Leonard. Office, Equitable Jan. 1, 1002, agreed to accept, 3per cent Interest from Jan. 1, 1897, ill
inclusive, and 4
thereafter. Old coupons w
Building, Louisville, Ky. (V. 74, p. 326, 727, H.itj.)
tie held alive by trustee for benefit o f bondholders.—See V (I t. p. 888.
F l o r i d a O c i U r n l A F e n l n s 11 In r I t I t . — HeCSoahOfird A lr Line Ry.
For year ending Juno 30, 1901, gross, $001,308; net, $298,190: int.,
F l o r i d a r-;«sf F o u s t R y . —Operate from Jacksonville, Fla , via $88,196; taxes, $11,009; betterments, $40,0-3; bal . sur. $153,200.
6t- Augustine, to Miami, 366 m iles; brunches to Palatka, Ban Mateo, Lntor earnlnve are Included with those o f the Ht. Louis A, Han Fran.
President, B, F. Yoakum, Ht. Louis; Hen. and Auditor, J. H. Jones, Ft.
etc., )7 miles; Atlantic A Western, Blue Spring* to New Smyrna, Flu
28 miles; Titu sville branch, 48 miles; Jacksonville to Muynort, 25 W orth. (V. 72, p 1287; V .73 ,p 137)
rales; tota l, 484 miles. -V . 69, n. 591. System owned by ife u ry M .
F 1 1to n C o u n t y IVm r r o iv G n 1 g o I I y. —flee Apr., 1900, Hurl*.
1
1
Flagler. June 30, i960, stock. $1,000,060; $6,700,000 bonds issued.
G n l u e « v l l l o Sc fjliill* R y . Sampson City 60 Fairfield. Fla., 48
| o f year 1900 -01 gross earnings,$1,583,856; net, $36-1,241 ,1
- gst.$ 431,
frilies. Block authorized, $ 1,000,000; par $ 100; Issued July, ’01 , $300, •
596 In 1.809-00, charges $364,148. (V. 61. p. 1 12,470, 591.)
000. Loans and bills payable on 1
stand in;-- June 30, 1901, $30,278;
F l o r i d a S o u t h e r n R R , - f | g Map A thrnlir Conn! (A n t HU. )
oar trusts, $ I 0,309, Year ending June 30, 1901, gross, $00,8-0; s u r
Owns from Palatka, Fla., to Brooksvllle, Fin., 145 mile i; B arlow to
plus above charges, $ ,p2fl. President, J. M. Graham. Office, Gaines
now part o f the Plan t system and the bonds are guaranteed by
vlllo, F la .- (V . 73, p, 610, 783.)
INVESTORS’ SUPPLEMENT.
62
[Y o l .
lxxv
.
B on d s—P r in c i
IN T E R E S T OR D IV ID E N D S .
M iles D ate Size, or
pal,^When Due.
A m ou nt
Par
of
of
F o r exp la n a tion o f colum n headings, <fcc., see notes
R a te
W hen W h ere Payable, and by Stocks —L a st
O utstanding
Road. Bonds Value.
on first p a ge o f tables.
P er cent. P a ya b le
Whom.
D ividend.
R A IL R O A D S .
F r e m o n t E lk h . & M o. R iv e r — See C h i c . & N o r t h w .
G a in e s v ille & G u lf— 1st m ort.; $150,000, go ld ...S c*
Galveston H a r r is b . & S. A n to n io — 1st M .,g.,land gr.c*
48 1899 $ 1,000
$150,000
256 ’71-’80 1,000
4,756,000
225 1880
1,000
1,000,000
671
1,000 13,418,000
1881
671
1,000
1881
6,354,000
50 1883
1,000
2 ,000,000
56 1900
800,000
16 1899
1,000
500,000
Sb a b . A i r L in e R y .
T e x t 1901
1,000
200,000
1,000
98 1896
1,650,000
2d m ortgage, Harrisb. and H ouston to San A nt.c*
W est. D iv .Is 'tM .,g .,S a n A .to E lP a s o ,6 3 6 m.&br.c*
2d m ortgage (see rem a rk s)............................... c*
Galveston H o u s to n < H end. o f 1882—1st M., M e .c *
£
Galveston R o u s t. < N o r th .— 1st M., $800,000, go ld .
&
Genesee & W y o m in g R R .— 1st M., g., $500,000. K . .
G eorg ia & A la b a m a — Ga. C a ro lin a & N o r th 9 — See
n
G t o r g ia F lo r . d A la b . —1st M .,$550,000, g .. ’ Ba.c*
G eorgia M id V d R y — 1st M., g., $1,650,000, int. gu.
G eorg ia P a c i f i c - See So u t h e r n R y .
100
307
G eorg ia R a ilr o a d & B a n k in g G o — S tock.................
....
1897
1,000
Bonds, refu ndin g, n ot m ortgage, cu rren cy.......c*
. . ..
1880
1,000
Bonds, not m ortgage, cu rren cy...................... c*&r
Bonds, not m ort., cur., $200,000 are 5s o f ’ 87c~<fcr . . . . 1882-7 1,000
100
—
G eorgia S o u th e rn < F la . —Com. stock, $1,000,000
&
100
1st pref., red. aft. June 1, 1905, $684,000, 5 p. c. T e x t
....
100
....
2d p ref., $1,084,000, 5 per c e n t.............................
285
1895
1,000
1st m ortgage, gold, $4,000,000. M e B a ............ c*
E q u ip m en t trusts, $L 8 ,000 due sem i-annu ally.. 1,000 1902
i,o b o
G ettysburg < H a r r is b u r g —So. Mt. 1st m o rtg a g e ---&
1882
....
1,000
G ettysb ’ g & H a rris b ’g 1st m ortgage, old issu e...
35 1891
1,000
Consol, m ortgage, $565,000, gold, see t e x t .......
125
1894
1,000
G ila T a lle y Globe < N o r t h 'n — 1st M., g., t e x t . . M p
£
12 1888-9 500, &c
Goshen < D e c k c rV n — leX & 2d M. ($60,000 are 2ds)
&
13 1892
1,000
G o u v e rn e u r < Oswegatchie —1st M .,g, gu. p.<fc i. U n .c
&
28 1899
1,000
G r. R a p . B e ld in q & S a g in a w — 1st m ort., te x t, gold
....
. . ..
G ra n d R a p id s & I n d ia n a R y . —Stock, $6,000,000.c'
100
335 1891
1,000
1st M .,m o stly 1. gr.,g ., ex t. in 1899................... c*
335
1891
1,000
1st m ort., extended, gold, guar, b y P a. R R .......c*
387 1896
1,000
2d M., $5,000,000, g ............................................. 0*
6 g. J. & J. N. Y ., Standard Tr. Co.
1929
6 g- F. & A. N.Y.,So.Pao.Co., &Bost. Feb. 1, 1910
7
J. &
5 g. M. &
6
J. &
A. &
5
5 g. J. &
A. &
5
D.
do
do
N. N.Y.,S o.P.C o.,120B ’ w ’ y
J.
O. N. Y ., Merc. T ru st Co.
N e w York ,
J.
O N. Y ., K n ick . T ru st Co.
fe
5 g- J. < J. N e w Y o r k & Savannah.
&
3 g. A. & O. N .Y ., J. P, M organ < Co.
4,200,000 11 in ’ 02
1,000,000
5
1,000,000
6
500,000
5 &6
1,000,000
684,000 5 in 1902
1,084,000 4 in 1902
3,801,000
5 g.
360.000
4*2
4
100.000
6
250,000
215,000
5
1,514,000
5 g.
246,500
6
300,000
5 g.
260,000
5 g5,794,700 3 in 1902
920,000
3 ^ g.
4,455,000
41
cg.
3,962,000
4 g.
June
M ay
Ju ly
A p r.
Jan.
A p r.
1,
1,
1,
1,
1,
1,
1905
1931
1931
1913
1930
1929
Ju ly 1, 1951
A p r. 1, 1946
Q .- J .
J. & J.
J. & J.
J. & J.
Augusta; m a il’d to N .Y . Ocfc.15,’02,2%
N. Y ., A m . E x . N a t. Bk. Jan. 1, 1922
N .Y .,A m . E x.B k .& A u g. Jan. 1, 1910
A ll Augusta; 6s in N .Y . Jan. 1, 1922
M. & N.
M. & N.
J. & J.
M. & S.
A . & O.
A . & O.
V arious
M. & N.
V arious
J. & D.
M. & S.
A. & O.
J. & J.
J. & J.
A . & O.
B alt. M .T .& D .C o .& N .Y .
do
do
B alt.M .T.& D .C o.& N .Y .
Ph ila., R ea d in g office.
Ph ila., P. & R. office.
do
do
N e w Y o rk .
N B k OrCo.Goshen,N.Y.
N .Y ., Gd. Cent.Station.
In t ’l Trust Co., Boston.
Of., Gr. Rapids, M ich
N. Y ., W inslow , L. < Co.
fc
do
do
P h iladelph ia, Pa.
N o v , ’02, 21
*
N o v ., ’ 02,2%
Ju ly 1, 1945
M ar.’ 03,Sep’ 12
A p r. 1, 1898
Oct. 1, 1912
Oct. 1, 1926
N o v. 1, 1924
1928-29
June 1, 1942
Mch. 1, 1924
Oct.25,’02, l 1
^
J u ly 1, 1941
J u ly 1, 1941
Oot. 1, 1936
D ec. 31,1892, the ban king departm ent w as turned o v e r to “ G eo rg ia
G a i n e s v i l l e J e f f e r s o n Sc S o . R R . —See Apr., 1900, Su p p .
R ailroad Ban k,” a m a jo rity [$198,200] o f w hose stock is owued.
G a l v e s t o n H a r r i s b u r g Sc S a n A n t o n i o R y . - (S ee M a p South
D iv id e n d s —
> ’ 81. ’ 82. ’ 83 t o '87. ’ 88. ’ 89 to Oct., 1902.
P a c if ic . )— Owns H ouston, T ex ., to east bank o f R io Gr. R iv e r, 835 m iles;
Since 1880, P. Ct. ] 9 ^ 1 0 H 10 yearly 10%
11 p. c. yearly.
branches, 73 m.; tota l, 918 m iles.
E a r n in g s .—307 m iles, > 1901-2...Gross, $1,848,839: net, $620,862
O r g a n iz a t io n , St o c k , E tc .—O perated b y the Southern P a cific Com
Ju ly 1 to M a y 31.—11 mos. 3 1900-1. .Gross,
1,716,893; net, 534,339
pany, w hich ow ns $27,044,800 o f the $27,084,372 stock (par, $100).
R ailroad earns, fo r y e a r ending June 30,1901, gross, $1,834,679; net,
B onds .—F irst m ort. has a sinking lu nd o f 1 p. c., bu t It is option al $550,3<>6; divs. received , $117,423; advances, $16,937; re n ta l to Ga.
w ith holders to surrender th eir bonds i f drawn. W estern D iv. 2ds R R . & B. Co., $600,000; balance, sur., $ 0,791.— (V. 70, p. 125.)
b y special agreem ent a re trea ted as incom e bonds. Y . 58, p. 719.
G e o r g i a S o u t h e r n Sc F l o r i d a R y * — (S ee M a p o f S o u th e rn R y .)—
On June 30,1901, there w as due the T ex a s & N e w O rleans R R . $5,Owns from Macon, Ga., to Pala tk a . Fla., 285 miles. In Oct., 1902, pur
091,999. A s to school fu nd claim s see Y . 64, p. 1137. V . 66, p. 471;
chased A tla n tic V a ld o sta & W estern R y ., Y a ld o sta , Ga., to Jackson
V . 70, p. 686.
v ille , Fla ., 118 miles. See Bonds below .
E a r n in g s .—11 mos., >1901-2...... Gross, $6,621,007; net, $1,346,903
H is t o r y .—A re orga n iza tion o f the G eorgia S. & F. R a ilr o a d , sold in
J u ly 1 to M a y 31. £ 1900-1.....G ro ss, 6,422,825; net, 1,213,068
foreclosure A p r il 2, *95. (P e r plan in Y . 60, p. 928; see also V. 59, p. 551
D iv id e n d s .—On 1st p ref.,‘ 96, 4 p. c.; ’ 97 to N o v ., 3 902. 5 p. 0. y e a rly
Y e a r ending June 30,1901, gross, $6,698,272 ; net, incl. oth er In
On 2d pf. in ’ 97, 2 p. c.; ’98,3; ’99,3; 1900, 4 ; ‘01, 4; 1902, 4 p. 0.
come, $1,372,364; charges, $1,728,643, in clu d in g $192,352 fo r im
B onds .—A b stra ct o f 1st m o rtg a g e o f 1895 was in V. 61, p. 429. The
provem en ts; bal., def., $356.280.— (Y . 66 , p. 471.)
G a l v e s t o n H o u s t o n & H e n d e r s o n R R . o f 1 8 8 2 .—Owns m ortgage is fo r $4,000,000 and covers all o f the p ro p e rty and franchises
and provid es also th at the $684,000 f ir s t p r e fe r r e d stock authorized
fro m G alveston, Texas, to H ouston, Texas, 50 miles.
shall constitute a lien upon the same second o n ly to the bonds and cou
O r g a n iz a t io n .—The M. K . & T . and In tern a tio n a l & G reat N orth , pons. The unissued firsts are reserved fo r old claims, im provem ents,etc.
h ave had tra ck a ge rig h ts since D ecem ber, 1895, under a con tract In 1902 issued $360,000 equ ipm ent trusts; Y. 74, p. 987 Y . 75, p. 608.
p ro v id in g fo r paym en t to m o rtg a g e tru stee o f $ 100,000 y e a rly
Th e stockholders vo ted on Oct. 16, 1902, to in crease the stock and
to m eet in te rest on G. H . & H. bonds and an a d d ition a l ren ta l o f issue bonds to purchase the A tla n tic V a ld osta & W estern R y.; V. 75,
$24,000 p er annum fo r dividends or oth er purposes—see V. 61, p. p. 289, r 32.
1064; V . 63, p. 697. M. K . & T. ow n s 4,999 shares o f G. If. & H . stock
La t e s t E a r n in g s .- 2 mos., 5 1902...G ross, $241,968; net, $68,047
—see V. 61, p. 1013. Stock, $1,000,000 ; par, $100. F o r y e a r ending
J u ly 1 to A u g. 31.
I 1901 ...G ross,
215,401; net,
65,549
D ec. 31, 1902, gross, in clu ding $124,000 fo r tra ck a g e as above, $385,A n n u a l R e p o r t .—F isca l y e a r ends June 30. R ep o rt fo r 1901-2
169; net, $168,068; oth er incom e, $2,072; in terest, $100,000; oth er
was in V. 75, p. 608, sh ow in g gross, $1,250 876 ; net, $294,970 ; other
charges, $9,548, balance, d e fic it,$60,592.— (V. 65, p. 1114.)
income, $ 1 4 ,0 s9 ; in terest on bonds, $190,OoO; div on p ref. stock,
$77,560. In 1900-1, gross earns, $1,203,811; net, $300,667.
G a l v e s t o n H o u s t o n Sc N o r t h e r n R y . —O w ns from M agers,
Pres., Sam uel Spencer, N . Y . — (V. 75, p. 441, 6 0 8 , 732, 849.
suburb o f H ouston, T ex a s, to G a lvesto n 53 m iles. Successor M ay 1,
1899, o f G alveston L a P o rte & H ouston R y., sold under foreclosu re.
G e t t y s b u r g Sc H a r r i s b u r g R R . —C arlisle to G ettysburg, Pa., 31
C apital stock is $500,000; issued $200,000, o f w hich the Southern
miles; branch to Round Top, Pa., 3 miles. Th e R eading C om p an y owns
P a c ific ow n s $199,000, to g eth e r w ith a ll the bonds. V . 72, p .2 8 7 .
$540,700 o f the $600,000 ca p ita l stock, $535,000 o f w hich deposited
Y e a r ending June 30,1901, gross earnings w ere $389,079; d eficit as p a rt secu rity fo r its gen era l m o rtg ag e o f 1896. T h e consol. 5s of
under o peratin g, $173,439.—(V. 70, p. 125, 176; Y . 71, p. 1311.)
1891 w ere gu aran teed b y Ph ila. & Read. R R . (foreclosed co.).
G a l v e s t o n Sc W e s t e r n R y . —G alveston, T e x ., to N o ttin gh a m , 13
G i l a V a l l e y G l o b e Sc N o r t h e r n R y . —B ow ie, A riz., to G lobe,
m iles, com pleted in 1889. Stock, $500,000. On June 28, 1900, the
125 m iles. Stock, $2,000,000, ol w hich Southern P a cific Co. owns
stockholders au th orized a m o rtg ag e fo r $500,000.— (V. 71, p. 29, 492.) $1,100,000. V. 71, p. 1314. P a r, $100. T h e bonds, lim ited to $15,000
G e n e s e e Sc W y o m i n g R R . —R etso f, N. Y . , t o P ittsb u rg & L eh igh p e r m ile ($1,514,000 outstanding), are guaranteed, prin cip al and in
Jet., 11 miles; R etso f Jet. to G re ig sville, 4 m.; branch, 2 m,; tota l, 16 terest, b y South P a cific Co Y . 69, p. 27; gu aran ty in Y . 68, p. 232.
m. Stock, $500,000: p a r o f shares, $100 D ividends fro m Oct., 1899,
D iv id e n d .—D ividen d, 1901, Jan., 4 p e r cent; 1902, Jan., 4 p. 0.
to Oct., 1902, incl., 5 p. c, y e a rly (paid A.-O ). Y e a r 1901-2, gross,
E a r n in g s —2 mos.,
5 * 9 0 2 ............ Gross, $49,905; net, $29,738
$127,307, net, $71,051; int. and taxes, $28,550; dividends (5 p e rc e n t),
J u ly 1 to A u g. 31.
(1 9 0 1 .............Gross, 52,142; Det, 24,427
$25,000; bal., sur., $17,501. Pres, and Treas., E. L . F u ller, Scranton,
Y e a r ending June 30, 1902, in V . 75, p. 340, viz.: Gross, $375,367;
Pa.; Sec., H . D. F u ller, 115 B roa d w a y, N. Y .
net, $185,452 in terest, $75,700; div. (4 p. c ), $80 000; balance,
G e o r g e ’ s C reek. Sc C u m b e r l a n d . —See A pr., 1900, Su p p .
surplus, $29,752. Presiden t, W illia m G arlan d; Sec. and Treas., A . O.
G e o r g e t o w n Sc W e s t e r n . —See A pr., 1900, S u p p . (V. 71, p. 913.) L aird, L os A n g eles, Cal.— (Y . 73, p. 616, 1 1 0 8 ; V . 75, p. 3 4 0 .)
G e o r g i a Sc A l a b a m a R y . —See Seaboard A i r L in e R y.
G o u v e r n e u r Sc O s w e g a t c b i e R R . —Owns from G o u v em eu r to
Ed vards, N. Y ., 13 miles. Stock, $350,000, a ll ow n ed by N. Y . Cent,
G e o r g i a C a r o l i n a Sc N o r t h e r n R y * —See Seaboard A ir L in e R y.
—w hich guarantees the bonds. See V . 55, p. 810 and V. 56, p. 501.
G e o r g i a F l o r i d a Sc A l a b a m a R y . —A rlin g to n to B ain bridge,
G r a n d R a p i d s B e l d l n g Sc S a g i n a w R R . — F reep o rt to BeldGa., 40 m iles; extension to Tallahassee, Fla., 41 m iles, w as placed
in operation in M arch, 1902. Fu rth er extension projected from ing,M ich.,28 m ile. M o rtga g e is fo r $260,000 on 28 m iles and$9,000 per
A rlin g to n to Columbus, Ga., 90 m iles, o f w hich 9 m iles from A r lin g m ile fo r addition al construction. Leased from Jan. 1, 1900, to Pere
ton to Edison, Ga., w ere operated O ctober, 1902. A n exten sion is M arqu ette R R . (w hich ow ns a ll the ca p ita l stock) f o r 30 years, rental
co verin g in terest.— (V. 70, p. 39.)
«
also to be b u ilt from Tallahassee, south to Tam pa, 130 m iles, v ia
P erry , O ld T o w n and B ro o k sv ille, w ith branch iro m Old T o w n to
G r a n d R a p i d s Sc I n d i a n a R y . — (See M a p o f P e n n s y lv a n ia R R .)
A rch er, F la., u nder the ch arter o f the F lo rid a Southeastern R y ., in —Owns from F o rt W ayne, Ind., to M ackinaw City, 367 miles Manistee
corp ora ted June 15, 1902. V. 75, p. 29. N am e changed In 1901
Branch, 19; other branches, 42 miles; total owned, 428 miles; operates
from G eo rg ia P in e R y. Stock, $350,000, all outstanding; par,
the fo llo w in g roads but has n ot assumed the old com p a n y’ s leases
$100. F o r yea r en din g June 30, 1901, (40 m iles, m o rtg a g e issued thereof: Cincinnati Riolim ond & F o rt W ayne R R ., 86 m; T ra verse City
la te r), gross, $68,470; net, $28,223; taxes, $1,138; im provem ents, RR.. 26 m.; Muskegon Grand R apids & In dian a R R .. 37 <n. As to ex
13,573: bal., sur., $5,706. Presiden t, J. P. W illia m s; Sec. and Treas., tension and car fe r r y plan in 1902, see T ra v erse C ity Leelenau &
. O. H atch. Office, Savannah, G a.— (V. 74, p. 1089; V . 75, p. 29.)
M anistique R R . in Y . 74, p. 777.
G e o r g i a M i d l a n d R y . —Owns road fro m Columbus to M cD onough,
H is t o r y .—Successor A u g. 1, 1896, o f Grand R apids & Indiana
Ga., 98 m iles. L eased from J u ly 1, 1896, fo r 99 years to the Southern R a ilr o a d , foreclosed under second m o rtgage per p l a u in V. 63, p. 153.
R a ilw a y Co. fo r $49,500 annual rental (bein g in terest on the first m o rt
D ivid end s .—D ividen d, 1 p. c., A p r., 1900; in 1901, 2 p. c. (A . & O.)
gage bonds, etc.,) and $2,500 fo r Columbus term in a l prop erty. Stock
1902, A p ril, 1 ^ p. c.; Oct-.. 1 ^ p. e.
_
Is $1,000,000, ow ned by Southern R a ilw a y Co.— (Y 63, o. 3 6 1.)
Sto c k .—Stock, $6,000,000, o f whioh Pen n Co. w as rep orted on Jan.
G e o r g i a R a i l r o a d . —U nder this nam e are operated the lin es leased
1, 1902, to o w n $2,000,000. Y . 74, p. 95.
fro m the G eorgia K R . & B a n k in gC o .—w h ich see.— (V . 67, p. 1 2 6 0 .)
B onds .—The first m ortgage bonds extended at 4 ^ per cent are en
G e o rg ia
R a ilr o a d
Sc B a n k i n g
C o m p a n y * —Owns from
dorsed w ith the gu aran ty o f the P en n sylvan ia RR. Co. to purchase the
Augusta, Ga., to A tla n ta , Ga., 171 m iles; branches to W ashington
coupons as they m ature, and the bond its e lf at m aturity. T h ey have no
ana Athens, 58 m iles; M acon & A u gu sta R R . (p rop rieta ry road), Camak, lien on land grant. See gu aran ty V. 56, p. 649,—V. 69, p. 1193. Of
Ga., to M acon, Ga., 74 m iles; trackage, 4 m ile s; total, 307 miles.
the 2ds $3,687,000 w ere ow n ed Jan. 1, 1902, by Penn. R R . Real
O r g a n iz a t io n .—Owns also one-half the stock o f the W estern R a ilw a y estate m ortgages, $150,000.
o f A la b a m a (the Central o f G eorgia R a ilw a y o w n in g the other h a lf),
R eport .—R ep o rt fo r 1901 was in V. 74, p. 676. In 1901 carried 2,and a 47 p er cen t in terest in the A tla n ta & W est P o in t (which see).
156,372 tons freig h t, o f whioh 46 p. 0 . w as lum ber, etc.,and 9 p. c. coal.
Guarantees (jo in tly w ith C en tral R R . < B. Co. o f G eorgia) the $1,543,fe
E arnin g s .—F o r 6 mos. en din g June 30, 190 \ gross earnings o f sys
000 first m ortgage 4 ^ per cents o f W estern R a ilw a y 01 Alabam a.
tem w ere $2,191,077, again>t $ 2, 012,340 in 1901.
In A p ril, 1881, the railroad (307 m iles) and its in terest in the other
Fear e n d 'g D ec. 31.
1901.
1900.
1899.
1898.
railroad com panies w ere leased fo r 99 years to W. M. W ad ley and
operated...........
430
430
428
.^ *4
associates, fo r the Central o f G eorgia and the L o u is ville & N a sh ville, at M iles In com e.............$2,871,782 $2,661,433 $2,464,284 $2,171,717
$600,000 per year, but in A p r il, 1899, the L. & N. w as held to have ac Gross
N et o ver e x p ’s & ta x e s
700,713
585,316
634,847
596,622
qu ired a ll righ ts under the lease; the A tla n tic Coast Co. in Ju ly, 1899,
In te re s t charge fo r 1301, $391,155; other, $170,900; dividend
acquired a h a lf iuterest. V. 68, p. 722; V. 69, p. 385, 591. Securities
<2p. o.), $115,834; bal., surp., $ 2 2 ,8 2 4 .-(V . 74, p. 6 7 6 , 728, 775.)
eposited under lease, V. 70, p. 125.
f
RAILKOAD STOCKS AND BONDS
O cto ber , 1902. ]
63
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,^When Due.
A m ou nt
of
R a te per W hen W here P a ya b le, and by Stocks—Last.
of
Par
F o r explan ation o f column headings, &c., see notes
O utstanding
Road. Bonds Value.
P a ya b le
Whom.
Cent.
D ividend.
on first page o f tables.
R A IL R O A D S .
32 1897 ; $1,000
Grand R apids Kalkaska < S. E .—1st M., s. f., I B . .
£
1882
£100
G ra n d T r u n k I t y %
—Consol, stock, £23,318,309..
£100
I 1884
Fou r p er cen t guar, stock, non-cum ...................
1873-4 £ 1 0 0
1st preferen ce 5 per cen t stock, £3,420,000.......
1873-41 £ 1 0 0
2d preferen ce stock. £2,530,000...........................
£100
3d preferen ce 4 per cen t stock, £7,168,055— ]
D ebenture stock, £4,270,575.............................I 3,512 1874 ' £ 1 0 0
, 3 874
£100
Consol, debenture stock (col. tru st), c u m ...... f
1869
£100
2d equipm ent M. (subject to 1st M. in tr u s t). .c J
T
Se c u r it ie s of L in e s Co n s o l id a t e d w it h G r a n d > r n n k R y .
100
G reat W estern perpetu al debenture sto ck ........ c 836^2 V ar.
N orth ern R y , 3d p referen ce A & B bonds...... o > 490% 1868
1884
D ebenture sto ck ,4 p. c.,perp etu al, £425,850. {
Grand Tr. Geo. B a y & L. E. Is tM ., £31 0,200 .c*&r 189% 1883 £100 &c
£100
1878
M idland o f Canada Is tM ., sectional, £525,00 O.o)
455 1882
£100
Consol 1st M., £3,164,700............................ 0 3
£100
W ellin g to n G re y fa B ru ce 1st M., £532,000...... c 168% 1874
$500&o
66
Grand T ru n k West’n— N orth w est Gr. Tr., 1st m ort.
£100
330
1st M., $15,000,000, in t guar., g., $ (cur.) & £ . F
330 1900 $500<feo.
2d M ., incom e, g., $1,500,000, red. ( t e x t ) . . . . C o l .
$100
G t. N o r t h e r n —Stock, $125,000,OO0........................
100
St. P a u l Minn. fa M an.—Stock,orig. $20,000,000.
1,000
624 1879
8 t.P .M .& M .2 d (n ow 1st M .)g. does n ot coy. Pds)o*
1,000
Dakota Extension 1st M., go ld ................... Ce.c* 1,221 1880
1,000
2.655 1883
C $50O
,000;000 } < ow l8 t M - on la n d s) go ld .C e { 2.655 1883
n
1,000
1,000
420 1887
M on ta n aE xten . I s t M . ($25,000p. m .),g.C e.c*& r
P a cific E xtension M. £6,000,000, go ld Ce..o*<fcr 819 1890 £100 &0
1901 $1000&c
C.B.&Q.c,Ltr.M .g.(su .to ca ll i f Ja.’0 6 a tl0 5 )C c & r
1882
1,000
Minn. Un.RR. 1st M .,g.,gu .($650,000 are 5s).Ce.o*
72 1888 l,0 0 0 & c
East o f Minn. 1st M. ($50,000 p. m .), g.,gu.Ce.o*<fer
No. Div. m ort., $15,000,000, gold, guar.Me.c*<fcr 299 1898 l,000& o
$200,000
5 g. A . fa O. In tT T ru st Co., Boston. Oct. 1, 1907
£22,475,985
N on e e v e rp d .
5,219,794 4 in 1902 A . & O. Check fro m Co.’ s office, Oct. 25,’02,2%
do
do
3.420.000 5 in 190 2 A . & 0.
Oct. 25/02,2%
2.530.000 6^2 in ’02
O ct.25,’02, 4%
7,168,055
M a y, 1884
J.& J .1 4
4,270,375
5
Irred eem a b le
4
12,515,678
Irred eem a b le
Q .- J .
6
J. & J.
J u ly 1, 1919
414,300
5
6
4
5
5
5
V aries.
6
4 g.
4 g.
See te x t
6
6 g.
^ g6 g.
4^g.
4 g.
4 g.
215,154,400
4 g.
2,800,000 5 & 6 g.
4,700,000
5 g.
d 5 ,000,000
4 g.
2,723,080
15,900
347,990
187,500
458,600
1,072,100
93,500
563,000
14.437.000
1,500 000
123,890,100
C453.600
7.503.000
5.576.000
13.344.000
20,17-,000
F.
A.
F.
F.
M.
J.
J.
J.
J.
fa
&
&
fa
fa
&
&
&
fa
A.
O.
A.
A.
N.
J.
J.
J.
J.
Q .- F .
Q .- F .
A . fa O.
M. fa N.
J. fa J.
J. & J.
J. & D.
J. & J.
ir
J. & J.
A . fa O.
A . & O.
t
G lyn , M ills, C u rrie ,
fa Co., London.
July/91,op. pd. J u ly,’02
N. Y ., Nat. Bk. o f Com.
L o n d o n o r N e w Y o rk .
N e w Y ork .
N. Y . O ffice,32 N assanSt.
do
do
N e w Y o rk and London.
N. Y ., 32 Nassau St.
do
do
do
do
do
do
N. Y . & L o n ., B a rin g Bros
N e w Y o rk , etc.
N. Y ., 32 Nassau St.
N. Y .3 2 Nas.; B os.,Lee,H
do
do
Irred eem a b le
Irred eem a b le
Irred eem a b le
A u g. 1, 1903
M a y 1, 1908
Jan. 1, 1912
N o t fixed.
Jan. 1, 1910
Ju ly 1, 1950
Ju ly 1, 1950
N ov. 1 / 0 2 ,1 %
N o v . 1 / 0 2 ,1 %
Oct. 1, 1909
N o v. 1, 1910
Ju ly 1, 1933
July 1, 1933
June 1, 1937
Ju ly 1, 1940
Ju ly 1, 1921
Ju ly 1, 1922
A p r. 1, 1908
1928-1948.
a $11,502,000 addition al p led ged fo r Pa c. E xten sion bonds o f 1890. c G reat N o r. has acqu ired a ll e x cep t $453,600 o f $20,000,000 stock o f
St. P. M inn fa Man.
b £3,000, )00 additional h eld b y G reat N or.
d Subject to ca ll a fte r A p r il, 1928. IT Coupon bonds J. & J.; reg., Q.-J.
G r a n d T r u n k R y . o f C a n a d a , —O perates fro m Q u e b e i, Can.,
via M on treal, to Chicago, I1L; also to P o rtla n d , B u ffalo, D e tio it. etc.;
system p r o p e r .
repo rted s e p a r a t e l y .
Miles. I Majority Stock Owned.
Miles.
Lines owned............ ................... 3,08^ | Central Vermont^-...................... 170
Leased—
yartly ovm*d—
i Grand Trank W e s te rn !............. 836
Atlantic < St. Lawrence, Portfc
| Entire stock owned.
land. Me., to Island Pond, V t... 150 I Detroit Grand Haven & M ill..... 1
8fc
Buffalo A Lake Huron.................. 162 j Michigan A ir Lin e....................... 106
*
Cincim Sag. & Mackinaw!........... 53
Other lines.................................. 105 |
---------- l
Total road....................... ....... 4,65©
Total in earnings.................. 3,559 I !See separate statement this Co.
Or g a n iz a t io n .—A consolidation, in A u g., 1882.
St o c k , E tc .—Th e au th orized ca p ita l on D ec. 3 1,1901, w as £41,656,364 stock (£40,813,834 issued and £842,530 unissued), advances
from the Canadian G overn m ent in aid o f constru ction am ount to
£3,111.500.
P erp etu a l consolidated 4 per cent debenture stock;
authorized b y A c t o f 1882 and la te r A cts, has been issued from
tim e to tim e to acquire securities o f com panies consolidated and con
trolled, am ounting Dec. 31, 1901, to £7,506,373, and b ea rin g an an
nual in terest o f $390,223. V. 71. p. 84. T h e £611,100 N o rth ern Ry.
5 per cen t bonds due J u ly 1, 1902, w ere re tire d at m a tu rity; addi
tion al conso id a ted debentu re stock w ill be issued th erefor.
D iv id e n d s since 1893: Guar., 4% stock—1894-97, nil; Oct., ’ 98, 2%;
1899. to A p r., 1. 02, 4% y e a rly . On 1st p ref.: In 1899, 4%; in 1900
5%%; 1901,6% ; 1902. A p r , 2 h % ; O ct.,2 % % .
On 2d pref., A p r., 1900, 3% p. c.,th e 1st div. since A p ril, 1888; 1901,
May, 3 p c ; 1902, A p ril, 4 p. c.; Oct., 2% p. c.
E ar n in g s
2 mos.,
/19Q2..
G ross,$4,368,170; net, $1,488,176
J u ly 1 to A u g. 31.
S 190 s........ Gross, 4,160,857; net, 1,404,472
F o r 6 mouths en d in g June 30, T.-02 net, £875,175; n et charges,
£627,743; d ivid en d (2 p, e.) on guar, stock, £104.396; dividend on
1st p ref. (2% p. e ), £*5,421 ; Dividend on 2d p ref. <2% p, e.), £63 210;
adding £8,203 balance on hand Dec. 3 1 ,1 9 0 1 , le a ves bal., sur. £2,609.
R e p o r t .—Sta tem en t fo r 1901 was in V. 74, p. 880.
Years en d in g Dec. 31
1901.
1900.
1899.
£4,407,016
Gross ea rn in gs........................£4,857,599
£4,575,433
T ran sportation expen ses....... 3,301,765
3,088.077
2,892,994
N et earnings......................£1,555.833
£1,514,022
£1,487,356
£.1,724,367
T o ta l n et in com e.............. £1,736,651
£1,694,213
146,349
Rentals.....................
155,218
146,848
1,043,542
1,054,512
Interest on b’ &s and deb. stk. 1,072,498
A dvan ces to con trolled roads
22 501
73 163
D ividend on guar, stock .,(4%) 208,791
(4%)208/790 (4%) 208,792
(5%) 170,841 (5%) 170,842
Do on 1at p re f, at oc k.,. (5% ) 170,840
(3%>75,852 (3% % ) 82,173
Do on 2d pref. s to c k ... (4% ) 101/36
B alan ce....... ..................... sr. £5,667
sur.£ 2 143
def.£494
President, Sir 0. R ivers W iden , London; Second V ice P resid en t and
General M anager, Oh as M. H ays.—(V . 75, p. 77, 393, 497.)
G r a n d T r u n k W e s t e r n R y . —Owns from P o rt H uron, Mich., to
Chic. A' West. Ind. HR., 330 m iles,and trackage Chicago fa West, fn<1
1 ana, 5 m iles; total. 335 m ile-. Stock, $6,000,000, all ow n ed b y Grand
Trunk.
A re orga n iza tion per plan (V. 69, n. 954; V. 71, p. 28) o f the
Chicago fa Grand Trunk Ry.. foreclosed Oct. 31, 1900
B onds .—T he Grand Trunk u nconditionally guarantees the in terest
on the new 4a. O f the 4a, $583,000 a re reserved fo r N orth w . Grand
Trunk 6s, Th e new incomes are subject to call at 85 and any in terest
then due, w ithin the first ten years.
Y ear ending Dec. 31, 1901, gross, $4,279,253; net, $588,270; other
Income, 830,278; charges. $567,112. (V. 72, p. 1034.)
G r e a t N o r t h e r n R y . —CSee J l a p s J —The system em braces:
L in es IcaseA a n d opera ted —
G arretson, H. I)., to Sioux
fit, Paul Minn. fa Man. Ry,,
C ity ,la ,, and O’N e ill, Nob. 228
St, Paul to L o w e ll. W ash... 1,790 Duluth W atertow n fa FaeifioBranches In M innesota, the
W atertow n to Huron, Dak.
70
'D akotas find .Montana....... 2,009
M 1 n eupo 1 n U n. R y ., e tc ...
n
1
9
Eastern H f . o f M Inneso t
.
.a—
M ontana ( CentralFoss ton to Gass L a k e ........
60
G reat Falls to Butte, e tc ... 261
>D
Spokane Falls fa N orthern
203
H inch ley to F rid le y .. ......
65 M ontana fa G reat N orthern
.
New Dill, to Cass Lake. .. 140
liy . ( V . 7 2 , p. 1 1 8 7 ) Missis., Minn., to R ib b in g
.Jennings, Mont., to Intern.
49
Brook Pk. to Goon Greek
B ou n d ary...... ......
51
Jane,, etc
.............
84
G t F a lls M ont., to Intern.
Park Rap A L e e c h L a k a R y .
B oundary (under recon*
Park Rapids to Casa Lake
St ruotlonR
. ______ 134
49
Dakota a G reat Northern R y
C row s’ N e * t Southern Ry.
Dakota to kfimoTo, in,D,,etc.
40
Intern. Boundary to M o r
1) u I \ 1b T o r i n 1n a I l i y .. ..........
1.
49
2
rissey, B. 0
........
Owned, unbonded'—
Wrisiilngton fa Gt, North. Ry.
b a t t le fa M ontana R K .—
(V. 73, p. 904) Beattie to W estm in ster,... . 143
Marcus, Wash., to Republic
60
Ann oortes to
Rock port,
V ictoria, V a n cou ver fa East
Wash., etc. ........... .....
62
ern Ry. fa N a viga tio n
.
m
R id end, B. O,. to Carson,
T otal operated d ir e c tly ...4 ,5r,,,
16
B. ( I , e t c ................... ...
Stock owned
p e r . sr p a r ab hf
Will mar fa Sioux Falls—
Total road Oct., 1902...... 5,849
Will mar to Yan kton 8. D .. 205 2d and 3d track and sidings 1,197
In 1901 G reat F a lls fa Canada R y ., G reat F a lls to S w eet Grass,
M ont., 134 m iles, w as purchased, and in Ju ly, 1902, w as b ein g stand
ard-gauged. V . 73, p. 662, 904; V. 75, p. 29. See V. 72, p. 1187.
M ontana & G reat N orth ern R y., see V. 72, p 1187. As to W ash. fa
Gt. N orthern, Seattle & N o rth ern R y., V ic to ria V a n c o u ve r fa E astern
R y. & N a v . Co., etc., see V. 73, p. 184, 904.
St o c k , L eases , E tc .—T his corporation in Febru ary, 1890, leased the
St. P au l M inneapolis fa M an itoba fo r 999 years, assuming its funded
debt and guaranteeing 6 p.c. per annum in gold on its $20,000,000 stock.
In 1902 on ly $453,600 o f M an itoba stock had n ot been exch an ged fo r
Gt. N o. stock.— (V. 68, p. 129; V. 67, p. 1356; V. 67, p. 370, 788, 842.)
In A p ril, 1899, sold $15,000,000 stock to acquire a ll the bonds,
debentures and i-tock o f the Spokane F a lls & N orth ern R y ., N e lso n
fa F t. Sheppard R y , Colum bia fa Red Mtn. R y. and R ed Mtn. R y ., and
$7,500,000 n ew stock o f E a s tR y . o f Minn. V . 68, p. 772, 822, 1181.
In Jan., 1900, $9,000,000 addition al stock w as sold at par to
stockholders to acquire $3,500,000 fu rth er stock o f th e E a st R y. o f
Minn, and $5,500,000 stock o f the W illm a r fa Sioux F a lls R y., issued
fo r purchase o f Sioux C ity fa Northern* and Sioux C ity fa W estern .
V. 71, p. 655. In 1900 $1,000,0» 0 stock w as offerer! to E m p loy es’ I n
vestm ent Co., o f w hich $420,000 paid fo r to July, 1902. V. 71, p. 654.
In 1901 stockholders subscribed at par to $25,000,000 n ew stock,
ra isin g to ta l issue to $125,000,000 ($20 per share to be credited on
account fo r advances to 8t. Paul M inn, fa M an itoba R y .), the proceeds
to acqu ire 500 m iles o f additional road and con trol o f G reat N orth ern
Steamship C o.—V. 72, p. 580; V. 73, p. 184, 903. See below .
%
L and s .—L and sales in April, 1897, had retired all the 1st mort. bonds
and w ere then applicable to consol mort. o f 1883.
Sales fo r yea r ending June 30, 1902, w ere 124,180 acres fo r $1,129,277 and 819 tow n lots fo r $15,003. T h e net am ount due on land con
tracts June 30, 1902, was $3,277,487; lands unsold, 816,089 acres,
to be reduced about 600,000 acres b y a fin al adjustm ent w ith U . S.
M inneapolis & St. Cloud gra n t w as 476,864 acres; unsold J u ly 1,
1902, 23,054 acres; sales in 1901-02 w ere 281,228 acres, fo r $495,686.
D iv id e n d s , ) J 2 t o ’96 (inclus.), 1897
9
1898 1899 1900 1901 1902
Gt. No. pf.% l 5 p. c. yea rly.
5^
6%
7
7
B elow . 7
A lso in 1898 50 p. c. in Seattle fa M on tan a stock, w hich w as then
exchanged fo r 40 p. o. in Gt. N or. pf.
V. 66, p. 1044, 1188; V . 74, p.
829. In 1901 1% p. c. q u a rterly (Q.-F.) w as paid; also in M a y ^ p.
o. e x tra from surplus earn in gs o f L a k e S u p erior Co. V. 72, p. 872.
B onds . St. P Min. fa Man. consol, m ort. o f 1883 is fo r $50,000,000, o f
—
which bonds are reserved to pay p rior liens. I t is a first lien on
the land gra n t and on 670 m iles o f ra ilw a y in M innesota and a
second lien on the rem ain in g 1,873 m iles in M in nesota and the D a k o
tas, the p rio r liens on w hich a vera g e on ly $7,300 per m ile. V.' 64,
p. 518. M ontana Extension m o rtg ag e is fo r $25,000,000 fo r extensions
and fo r second track, a h s t r a e i V. 45, p. 342.
P a cific extension m o rt.£6,000,000 provides fo r bonds at £6,000 per
m ile In M ontana and £7,000 per m ile west o f M ontan a; £3,000,000
o f this issue, in addition to those given in the table above, w e re released
upon paym ent o f co lla te ra l trust; bonds Sept. 1, 1898. V. 66, p. 1044,
1188. See a b s t r a c t o f m ortgage, V. 52, p. 82.
Eastern Ila ih v a y o f M innesota.— F irst mort. covers road, equipm ent,
term inals and elevators. T h e N orth ern D iv. $ 15,000,000 m ortgage
o f 1898 provides fo r extension bu ildin g from Fosston, Minn.,
to the head of lake n a viga tion a t Duluth, and also fo r fu tu re re q u ire
ments, Including the retirem en t o f the $4,700,000 1st 5a at m atu rity.
T h e y ore redeem ab le a t 105 on three months’ n otice a fte r Apr. 1, 1928.
-V. 66, p. 471. M ontana C entral bonds co ver several roads. (See adv.
On b o n . Dee. 12, 1891.) T h e M anitoba guarantees these Issues, and
G reat N orthern assumes guaranty. See form o f 1 lter, V. 74, p. 680.
a
Th e W illm a r 4 Sioux Palls bonds are endorsed w ith jo in t and severa l
*
guaranty o f the M anitoba and G reat N orthern companies. Fu rth er
Issues may be m ade at $17,500 p. m. fo r additional road. V, 56, p. 247.
M in n ea p o lis Western first m o rtg ag e Is for $1,000,000. V. 60, p. 835.
G e n e r a l F in a n c e s .—T he N orthern Securities Co. (w hioli see b elo w )
form ed in N ovem ber, 1901, ow ns about 75 per cen t o f the stock
h aving given In exch an ge $180 Securities Go, stock per $100 share;
it, had acquired also n ea rly all o f the stock o f the N orth ern Pacific.
V. 73. p. 101 1, 1062, ID * I, 1357.
In 1901 the G re a t N orth ern and N orth ern Pacific acquired $107.577,200 o f the C hicago Burlington fa Quincy HU. $1 i 1,200.000 stock
In exch an ge for th eir jo in t 20-year ( per cen t gold bonds, secured
by the deposit o f the stock In trust, on basis o f $200 In bonds fo r
each $100 slock. Hoc circular, V. 72. j>. 871, 1034, 1 135, and appllou
lion to list. V. 73, p, 291, 903.
In 190» 02 (10 m onths) received
$860,000 (5 per cent); In 1900-01. $1.920,000 (12 p ercen t); In 1899-00,
$1,600,000 (10 p, o») in dividends on Eastern Ry. of Minn, stuck; In
1900 01 on M ontana Central stock, $500,000 GO p. e ). Total funded
debt per m ile o f main track (4,734 m iles) In the hands of the public,
$20,695. V. 73,p 910. T rain load 1001-02, 4 17 tons.
E a rtn in o s . G reat N orth 'll system (Incl. Ht. T\ M* fa M., East, o f Minn,
.
and M ontana C entral) July 1 to Hopfc. 30, 1902, 3 months, $1 1,250,8 12
against $9,393,818 in 1901
A
S
S
I
p e .
Virden
N
'S t .
M
CAN
i
Mjelita
NORTHERN
STEAMSHIP CO.,
LINE
©
ONTREAJ
& .-O
INVESTORS’
SUPPLEMENT.
9
”'
Sheridan
Ft.McKinney o
Powder Riv.
\N
1
?
0
r
m ap
op
the
GREAT NORTHERN RAILWAY
(E A S T E R N S E C T IO N )
ENTIRE SYSTEM 5,4-92 MILES.
"Broken Bow
*
O ctober,
CAN
Regina
uoSJ-towell
Lyttou
'Nakuspi
Atun<Jj<jn
1902.1
Kaslo
la JU
Sam]
North B
<*ui
8
Irassyl Lake
Lethbridge
Ft,McL§0(
&\Stirliug
tieteir
O Xauutltn?5
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w Sal mo
Waneta.
Blossbu
MARCUSW
Meyers VnllM
CcflYiJiew*
Ghewdlahm*- .
V M le y ^ i
Sprm gdale^
jf
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M A9SINIBOINC
J B qx Elder
^ ® a 'v 'y
Mead U
xlas ¥'* fl'
Collini
'Flatbedt
Lake '<
elknap
6 i r ® ENTo
^ p s id n e y
^ P o rta g e
ALLEN
i^. Swift
i
sehtorh
Missouri
O ly m p tfe ^
healum
to Wflke£#
(Yuhomdi
^/Winona j c/V &
i 7 La C r o s s e / 'T ^
Eileuxburg
.unit.
. North Yaki
.
Tekoa
W hite SulphurLSpra^
ibra °
~
(Townsend
rBoulde:
/♦^Ber nice il3
3
r Elk Park //*
B U T T E J l Gallatin
Vv-— ^
Logan
Bozema
Norris
Pendleton
Salmon
Union
Salmon City)
Dillon
Wood burn
Great Fayette L.
H untie;
Big Timber
Lau re 1 ^^Billings
DayviUeVu^JohnDay;
Prineville Q Canyon City Q
:.J|fc.cik>a City T^l
Sumter
GREAT NORTHERN RAILWAY
SECTIO N )
E N T IR E S Y S TE M 5 ,4 9 2 M ILE S ,
|& Ashland
£
ivingston
Red Lodge
Sherid)
YELLOWSTONE
Vanwyck
Beaver Canon
[Huntington
'%9v
Weiser
?
Nyssa
Powderville
Red. Rock
M At l ONAL
ymY^llowstdrie'Lake
W f j ARK
Jentral C]
3eadwo
Buffalo o
Frane
Galena
MAP OP THE
Ft. Custer
Cinnabar
* Bonanza City0
(W E ST E R N
Big H orn ^-N O R . Rosebud
Enterprise
MLHqo*
Miles Citw
Musselshell
BONDS
y
Anaconda
\ Junction
. / ^ A th e n a
Kamela
eMinorUk
Whites
rridaa =^/
Dallas/
Rumsey
Halbeft
AND
Willows
Morgan,
H t lE N A
Drummom
Florence
-YW alla Walla !
Wallul;
Umat:
Medora
(Mitchell
silver
Moscow
rmLlgO Cv.^r^P
\ t
^JDulidtra^'
StarbpdKP P o m e ro ^ |
L ew lsto m s,
Dayton
>
^x/oo
Waitsburgh ’
'MbAdams
Lewis town
De Smet
.Missoula
Farmington _
Jarfjeld
Genesee^ 1 \
—
Yakima
Ft.Maginnis
loeville
^
Rocky Bar
Boise City
STO CK S
r
Spraguev
Oakesdale
Newton
W ilder
ARMINQTON
M IN N 7
RItzvillep
R A IL R O A D
ConeouUllv
^
(
Camas
Ketchum
Hailey
Blackfoot
Shoshone Jc.
Pocatello
Lyons
Casper *°^
AmericanTalls
Douglas
Irving
Cimwford;
a
y
INVESTORS’ SUPPLEMENT.
60
| Vol . L X X V .
Bo
IN T E R E S T F O R D IV ID E N D S .
1 -netIs—P rin clA m ou nt
M iles D ate Size, or
pal, W hen Due.
Par
of
Outstanding R ate Per When W here P ayable, and by Stocks—Last
of
F o r explan ation o f column headings, &c., see notes
Road. Bonds Value.
Cent.
P ayable
Whom.
D ividend.
on first page o f tables.
____________________ R A IL R O A D S .___________________
& r e a t N o r t h e r n — ( C oncluded) —
Mont. Cen. 1st M .,g .($6,000,000 are 6s)gu.Ce.c<fcr 260 1887
W illm a r& S i’x F ’lls 1st M.,g.,gu.p.M,(ena)Ce.c*<fcr 205 1888
....
....
M inneapolis W estern ls tm o r t., gold, gu a r...... c*
Duluth Superior < West, car trusts, assumed—
fe
177 1900
Great N o r. Ry. o f Canada— 1st M., g., s.f., text.Ce.c**
1900
Quebec Te'rrnT M., $300,000 auth. (V . 71, p. 698)
Equ ipm ent bonds, due sem i-annually
.............
Green Bay < Western R R — Stock. See t e x t ...........
£
1896
Debentures, Class A , incom es, tex t, non-cum..c*
1896
Class B, incomes, a fter stock, non-oum..........c*
Greene R R . (N . Y .)—S tock .........................................
8 1872
F irst m o rtg a g e.........................................................
1899
Guay, & Q. — 1st M. $12,282,000, g., g u .,te x t. r s m
75 1893
G u lf Beaum ont & K. C.—Is tM .,$10,000 p.m.,g. A B . c
75 1893
2d m ort., $10,000p er m ile($176,000 are 6s) A B . c
G u lf B. & Gt. N o .,gold, p. & i. gu.,end. A B . t e x t . c T ex t. 1900
G u lf & Ship Is la n d —1st ref. & term ’l M., g.N..c*& r 254 1902
H a n n ib a l & St. Joseph—See Chicago B u rlin gton & Quine y.
53
M arrisb. Portsm 'th M i. Joy < Lan e.—Stock,7 p. o.gu.
&
53 1853
1st m ort. (e x t’ d in 1883), guar.p.& i.Pa. R R . G P . r
109
H a rtfo rd & Connecticut Western—S tock...................
109 1883
1st m o rtg a g e............................................................
Henderson B'dge C o — 1st M., g., d’ wn at 105.Ce.c*
1881
H ib e rn ia M in e R R .—S tock ........................................
iii
H o c k in g V a lle y R y . —Stock, com., $11,000,000..
Stock, pref., $15,000,000 4 p. c. n o n -c u m ...........
76 1867
Columbus & H o ck in g V a lle y 1st more., g o ld ...c *
Col. & T oledo 1st M. (Columbus to W alb rid geb c*
118 1875
85 1880
Ohio & W est. Va. 1st M. (L o g a n to P o m eroy)c*..
1st consol, m ort., $20,000,000, gold O e .............
346 1899
* $16,000 old 5s o f L896 rem ain outstanding.
$
l,000& c
1,000
1,000
1,000
1,0< 0
1,000
100
1,000
1,000
100
500
1,000
500
500
1,000
l,00 0& c
$
10,000,000 5 < 6 g.
fc
3,646,000
5 g.
500,000
5 g.
117,495
4,040,000
5 g.
110,000
5
253,000
6
2,500,000 4 Feb.’02
€00,000 4 Feb .’ 02
7,000,000
200,000
6
200.000
7
5,250,000
6 g.
749,500
6 g.
750,000 5 & 6 g.
434,000
5 g.
*3,444,000
5 g.
50
500 &c.
100
1,000
1,000
100
100
100
500
1,000
1.000
l,0 0 0 A c
1,182,550 7 ^ i n ’02 J. & J. P h ila ,, Com pany’s Office
4
J. & J.
do
do
700,000
F & A .3 1
H artford.
2,712,800
2
do
J. & J.
700,000
5
1,621,000
6 g. M. & S. N. Y ., 120 B roadw ay.
A. < O.
fc
See C en tral o f N. J.
200,000
6
11,000,000 3 in 1902 J. & J. N .Y., J.P. M organ & Co
do
do
fe
15,000.000 4 in 1902 J. < J.
fc
do
do
1,401,000
4 g. A. < O
F. & A.
do
do
2,500,000
7
M. & N.
7
do
do
1,5*4,000
do
do
4 ^ g . J. & J.
11,237,000
A n n u a l R e p o r t .—Fiscal y e a r ends J une 30. A nn u al m eetin g is helo
at St. P a u l on second Thursday in Sept. Report fo^ 1901-02 w as g iv e n
a t len gth In Ch r o n ic le Oct. 25, 1902. See also e d ito ria l.
(1) OPERATIONS GREAT NORTHERN SYSTEM PROPER.
Year end. J u n e 30.
1902.
1901.
A v . m iles op era ted ....................
5,249
5,202
G ross e a r n in g s .................... $36,032,256 $28,350,690
$11,537,628
N e t e a r n in g s .......................... $17,003,398
52 81
59 30
P. c. o f exp. and t a x e s .........
1900.
5,076
$28,910,789
$13,042,414
54*89
(2) GREAT NORTHERN INCOME ACCOUNT.
Year en ding Ju n e 30.
1902.
N e t earns. St! P. M. & M a n ...$13,268,998
In tere st on bonds o w n ed .......
380,635
D ividends on stocks o w n ed ...
1,419.960
P r o fit on Treas. secur. sold .
363,177
R entals o f leased lin es...........
176,484
B ills re ceiva b le.......................
2,059
G en era l int. & oth er in com e..
474,141
1901.
$8,026,871
395,548
3,126,504
337,554
172,752
2,014
212,845
T o ta l re c e ip ts ..................... $16,085,456 $12,274,088
P a id ren ta l St. P. M. & M an. $3,742,546
$3,687,656
G reat N orth ern divid en d s____ (7)8,225,920 (7)6,897,369
R en ew a l, etc., funds................
2,000,000
.
B a la n ce...
1900.
$9,530,776
350,422
2,958,855
689,076
166,765
3,740
436,456
$14,136,090
$3,709,548
(7)6,408,778
1,800,000
---- sr.$2,116,990 sr.$l,689,063 sr.$2,217,764
(3) OPERATIONS OF WHOLE SYSTEM.
Year end. Ju n e 30/02.
Gross.
Net.
Oth. in c.
Tot.net in c.
G re a t N orth ern R y ...$28,397,135 $13,268,998 $1,460,458 $14,729,456
Eastern Ry. o f M inn.
4,238,929 2,454,088
457,445
2,911,533
Montana Central R y .
1,787,052
634,047
62,268
696,316
W ill. & Sioux F alls R y
1,520,293
600,383
28,280
621,662
Dul. W a te r .& P a c .R y
88,847
45,888
172
46,054
Tot. Ry. sys. proper$36,032,255 $17,003,398 $2,001,623 $19,005,021
Spok. F a lls & Nor.Sys. $1,165,197
$552,455
$9,337
$561,791
M inneapolis U n io n ,...
225,998
171,839
9,707
181,546
M inneapolis W estern .
65,089
28,419
149
28,569
Duluth T e rm in a l.......
36,233
13,500
...........
13,500
N orth ern Steam ship.
1,333,740
214,584
10,934
225,519
T ot. fo r thesystem .$38,858,513 $17,984,195 $2,031,750 $20,015,946
From this la st resu lt ($20,015,946) w ere paid the to ta l in te rest charge
o f a ll the com panies, and the guaranteed dividends on St. P au l Minne
apolis < M an itoba stock, n ot ow n e L a to ta l o f $5,033,925 ana d iv i
fc
dends o f $8,225,920 on the stock o f the G reat N orthern R y. Co.
O f f ic e r s .—Presiden t, Jam es J. H ill, St. Paul; 1st V ice-P resid en t,
Jam es N. D ill, St. Paul; 2d Vice-Pres., R. I Farrin gton ; 3d V io v P r e s ident and Sec’y, E. T. N ichols, N ew York; 4th V ice-Pres., J. W Blabou;
T re a s ’r and Asst. Sec’y, E. Saw yer, St. Pau l; N. Y . office, 32 Nassau St.
Directors.—l J. Hill, Frederick Weyerhauser, ?. Hill, E. Sawyer. M. D.
Grover, R. I. Farrington, St. Paul; II. W. Cannon, NewYorii; J .N. Hill, St.Paul;
Wm. B. Dean.
- ( V . 74, p. 883, 1251, 1308; V. 75, p. 29, 289,7789.)
G r e a t N o r t h e r n R y . o f C a n a d a , - (See M a p .)—O perates m ain
lin e betw een R iv-a-Pierre, on lin e o f Quebec & Lake St. John’ s R y.,
and H aw kesbu ry, on the C an ada-Atlan tic Ry., 172 miles, w ith both
o f w hich roads it has tw en ty-yea r contracts fo r interchange o f traffic
on a m ileage basis; also a branch to Shaw inigan, 4^2 miles; a ll
com pleted Deo. 31, 1900. A branch from J o lie tte to M on trea l, 36
m iles, under the charter o f the Chateaugay & N o rth ern R y., w ill
be leased when com pleted. E xtension o f m ain line from G arneau
Jet. to Ft. Catherine. 63 miles, w ill be begun la te in 1902 H as 5-year
con tract w ith L eylan d Udo , e x p irin g 1905, in connection w ith w hich
and Canada A tla n tic R y. it form s a through lin e from Chicago and
Duluth to L iv e rp o o l and London, E n glan d, 800 miles shorter than v ia
Buffalo. Owns its own elev a to r at Quebec, car and re p a ir shops at
Quebec and other places. V. 71, p. 1220. Fiscal yea r ended Dec. 1.
Sto c k and B ovds .—Stock authorized, comm on, $4,550,000; deben ture stock, $3,000,000; preferred stock, $450,000. Issued A p r. I ,
1901, $3,000,000 comm on stock. O f the $6,000,000 first m o rtgage 5s
series A , issuable at $20,000 per m ile o f com pleted road, $ 3,510,000
are outstanding, and also $500,000, series B, issued on accou nt o f
bridge across the O ttaw a R iv e r a t H aw kesbu ry. The stockholders
vo ted on Ju ly 17, 1901, to issue equipm ent bonds.
V. 73*, p.
32. Earnings fo r y e a r ending Juno 3o, l9 o 2 . first fu ll y e a r o f actual
operation, gross, $524,762; net, $207,963; iu torest on first m o rtg a g e
bonds, $200,000; balance, surplus, $7,963.
President, P ierre Garneau, Quebec; 1st Vlce-Prest., Jam es M oNaught,
N e w Y o rk ; 2d V ice-Pres., H . 11. M elville. Boston; 3d V ice-Pres., V icto r
Chateauvert. Quebec; Gen. Mgr., J. G. Scott, Quebec; Asst. Gen. M g r.
and Treas., E rn est E. L in g, Quebec; Sec., Louis G. S o jtt, Quebec.
N. Y . Office, o5 Nassau St.—(V. 75, p. 29, 441.)
G r e e n B a y Sc W e s t e r n B i t . — Road owued from Green B ay, Wis.
to Marshland, Wis., 209 miles; branches, 13 m.; trackage to W inona, 4 m
H is t o r y .—A reorgan ization June 5,1896 (per plan in V. 61, p. 471),
o f the G reen B a y W inona & St. Pau l, sold in foreclosu re M a y 12, 1896.
J. & J. N. Y ., 32 Nassau St. Ju ly 1, 1937
J. & D.
do
do
June 1, 1938
J. & J. N .Y .& L o n ., BaringB ros Ju ly 1, 1911
To F eo.1,1906
J. & J. N. Y . C entral Tru st Co. Jan. 1, 1950
J < J. R o y a l Tr. Co., M ont.
te
1951
T o 1905
J. < J. N .Y ., C entral Trust Co.
fc
Feb. 1, ’02,4%
Feb.
N. Y . of., 40 W all.
Feb. 1, ’02,4%
Feb.
do
do
do
do
J. & D. D .L. & W.off.26 E xch . PI. June,1902, 3%
do
do
Dec. 1, 1902
J. & D.
1932
J. & J. N Y ..U .S M .& T r & Lon.
Aug. 1, 1913
F. & A.
N. Y ., 59 Cedar St.
Aug. 1, 1913
F. < A.
fc
do
do
J u ly 1, 1930
J. & J.
do
do
J. & J. N . Y ., Fisk & Robinson Feb. 1, 1952
Ju lylO , ’02,4%
July 1, 1913
A u g .31,’02,1%
July 1, 1903
Sept. 1, 1931
Oct. 10,’02,3%
Ju’y l9 , 02,1**
Ju,y l9 ,’02, 2%
Oct. 1, 1948
A u g. 1, 1905
M ay 1, 1910
Ju ly 1, 1999
Se c u r it ie s .—T h ere are no fix e d charges on the p ro p e rty other than
taxes, nor can any be placed thereon, or the p rop erty be sold or leased
without consent o f 75 p er cen t o f stock. Class A debentures a re en
titled to 2 ^ p er cen t interest, i f earned, then com m on stock to 2 ^ p.c.,
then the tw o share r a t a b ly ; but a fte r 5 p er cen t has been paid on both,
class B bonds are en titled to a ll surplus earnings. See V. 61, p. 471 #
D iv id e n d s —
) 1898.
1899.
1900.
1901.
1902.
Class “ A ” deb., p. c ........... > 2 *2
1
*
3
2^
2*g
3
4
Stock, p. c. ......................... )
1^ 2 ^
3
4
R ep ort fo r year ending Dec. 31,1901, in V. ^4, p. 676, showed: Gross
©arnmgs, $527,312; net, $ i 32,355; div. (4 p .c .) on “ A ” debentures,
$24,000; on com m on stock (4 p. c.), $100,000; bal., sur., $8,355.
E a r n s .—Passen’r. Freight.
Gross.
Net.
Charges. B a l.,su r.
1900-1...$122,939 $358,653 $481,692 $125,414 $32,958 $92,456
L899-0... 121,270
362,836
484,106
102,503
26,808
75,695
From balance in 1900-1 w as paid on comm on stock, 3%, $75,000;
in 1899 0, 2 V/o, $62,500.
D ir e c to r s .—S. S. P a lm e r,P res.; M ark T. Cox, Sec. and Treas., 40 W a ll
St., N. Y.;. C. L ed y a rd B la ir, J. A . Jordan, W. J. H u n t .- (V . 74, p / 6 7 6 .)
G r e e n e R R . - O w n s road from Chenango F ork s to Greene, N. Y .
3 miles. Leased to D ela w a re Lack. W. fo r term o f charter fo r 6 per cent
on stock and in terest on bonds. C apital stock, $200,000; par, $100,
G u a y a q u i l Sc Q u i t o B y . — (3 i2-foot g a u g e ) — P rojected from
G uayaquil to Quito, E coador, about 290 m iles, w ith tw o branches,
-----m iles. O f this 67 m iles are in o p era tio n and 48 m iles are under
construction, to be com pleted in course o f 1903. C on trolled b y the
Ecuadorian A ssociation , L im ited , o f London, w hich is b u ild io g the
road, $10,000,000 bonds, $5,000,000 p referred and $3,584,000 co m
m on stock bein g deposited as earned as security fo r its £1,000,000 six
per cent go ld bonds, due 1932 (int. J.-J.), but redeem ab le at 110 a fte r
1905. See V. 72, p. 1283; V. 75. p 289.
Stock authorized, com m on, $7,032,000; p referred , 7 p er cent, cum.,
$5,250,000. Th e bonds are guaranteed, p rin cip a l and in terest, by the
G overn m en t o f Ecuador, secured b y a first lien on a ll the Customs
duties o f th e la tter. In tere st in L on d on is p a ya b le at G lyn , M ills,
Currie & Co. S ecretary, E llio t C. Smith, 33 W a ll S treet, N e w Y o rk .—
(V . 74, p. 1355; V. 75, p. 289.)
G u l f B e a u m o n t Sc K a n s a s C i t y B y . —See Su p p . for O ct , 1902.
G u l f Sc I n t e r - S t a t e B y . o f T e x a s . —See Su p p . fa r Oot., 1902.
G u l f Sc S h i p I s l a n d R R . — (See M a p .)—Owns from G u lfport on
M ississippi Sound, G u lf o f M ex ico ,to Jackson, M iss., 160*5 m iles;
branches, M a x ie to Colum bia, 48*75 m iles, and S aratoga to
Lau rel, 41*75 m iles; tota l, 254 m iles.
Th e road w as exten d ed
as above in 1899 and 1900, the en tire line b ein g operated from Sept.,
1900. V. 69, p. 1011. L a id w ith 60 and 65 pound steel rails, fo r fo rm er
o f which 75-lb. rails are to be substituted. Im p o rta n t h arbor im p ro ve
m ents are bein g constru cted at G u lfp ort, in clu ding an ex ten s ive
system o f docks, piers, etc.; also a channel 6 m iles lo n g e x te n d in g to
deep w ater. Charter is perpetu al.
St o c k . ' C a p ita l stook, $5,000,000 (par o f shares, $100) all outstand
in g and deposited w ith N. Y. Sec. & Tru st Co. under a v o tin g trust; J.
T. Jones, H a rv e y E. F isk and Charles K. Beekm an, v o tin g trustees.
B o n d s .—Of the n ew 1st 5s ($5,000,000 au thorized), $2,750,000 w ere
used to refu nd the old bonds (on ly $16,000 o f the la tte r bein g n ow out
standing), the rem ainder bein g issuable as fo llo w s : $750,000 to com
p lete the term inals at G u lfport. $500,000 fo r new equ ipm en t and $1,O00,00o fo r 75-lb. rails and oth er im p rovem en ts to roadbed and struct
ures. A sinking fund o f one per ceut y e a rly accruin g from Jan. 2,
1905, m ay purchase bonds at not ex ceed in g 110. but the la tte r cannot
be drawn. See V. 74, p. 426, and app lica tion to list, V 74, p. 1257.
R eport .—Y e a r en din g June 30, 1902 (248 a vera g e m iles), gross,
$1,374,684; net o v e r taxes, $434,170; charges, $175,311; bal.,
sur., $258,859. In 1900-01 (250 a vera g e miles), gross. $1,030,849;
net, $235,289. B alance sheet, Oot. 31, 1901, V. 74, p. 425. Pres., J. T.
Jones, Buffalo, N Y . —(V.75, p. 184, 240, 5 4 7 .)
H a n c o c k Sc C a l u m e t R R . —See Mineral Range RR.
H a n n i b a l Sc S t. J o s e p h R R . - I n 1900 merged in C. B. & Q.
H a r r i m a n & N o r l h ^ a s t e n - B y . —H arrim an to Petros, Tenn.,
22 miles. In A u g.. 1902, President Bird M. Robinson purchased the
road. E xten sion from P etros to N e w R iv e r. 11 m iles, is proposed.
Stook, $60o,009. Bonds, $300,000, 20-year gold 6s, dateo Dec. 13,
1895; Central T ru st Co., N. Y ., trustee. Y e a r to Mar. 31, 1902, gross,
$31,805; net, $39,981; charges, $18,000. Pres.. Bird M. Robinson,
N. Y . Office, 277 B roadw ay, N Y . - (V. 72, p. 988; V. 75, p. 289.)
H a r r i s b u r g : P o r t s m o u t h J i t . J o y Sc L a n c a s t e r R R . —Owns
from D illerv ille, Pa., to H arrisburg, Pa., 35 m iles; branch, M iddletown,
Pa., to Columbia, Pa., 18 m iles; tota l operated, 53 miles. Leased to the
Pen n sylvan ia RR. Co. fo r 999 years from January 1, 1861, the rental
being 7 per cent on the stock and interest on the bonds, taxes and ex
penses o f organization. In Ju ly, 1902, tg per oent e x tra was paid.
Stock, $1,182,550; par $50.— (V . 75, p. 29.)
H a r t f o r d Sc C o n n e c t i c u t W e s t e r n B y . —O w n s from Hartford
C onn.,to Rhincoliff, N. Y ., 109 miles, and from T a r iffv illo . Conn., to
M ittineague, Mass., 14 m iles. Leased t ill August, 1940, to tht Central
N e w England Ry., the rental p a yin g’charges and 2 per cent pei annum
on the stock. O f the stook $1,390,100 is ow n ed by lessee.
Lake
N
$
Temisk.aming
Great
Victoria
vLakes_
Cartier
.River
OtW tC
’a
'ignan
Temagaming
Chelmsford
mm
r 'M o m v a n
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(Toraiscaminj
L, W indfall
L. Pishatosin
M A N IW A K I
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Gracefield
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ATLANTIC
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GREAT NORTHERN RAILWAY
of CANADA
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i ( ^ Poy\ Syi'ne^ \ OneidaCastle
s
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o' ’
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FROM
/
QUEBEC TO PARRY SOUND
AND UPPER LAKES.
C o o ^ rs T.
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Hancock Jc
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K in g s to n
A
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t'PiUeu'
JunctionL-
,.... \
October, 1902.]
'Concord
Ptd-^dv^ri:d
Remsen
/rx Rom e/
yFultonxT
AND CONNECTIONS
SHORE
LeivN >i *\ 1
Fulton Chaim
SHORE
SOUTH
— \vr
Caldwell
— "X/
GRAND
DULUTH
A
r*
\
/ W a te r to w u X
I
y
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ie
Saranac Lake
O
Benson
Mines
ORONTO
‘ ^4/Vo'''
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[BindingtonQ
.Cobou
iCarlVoro Jc
Cumbrmge
:_ K
_
Plurtstourg.
Ogdensburg
Jl&rrowsmith
■neur
Clinton
Lucan Cros,
Malone
■angeville
Arriston
PahnerAton trunk
Goderich
iiA IL K O A D
|° Kempttdlle
Smith F a U s ^ ^ l ^ r "
.Prescott;
Uandale
Wingham
it. Jo Ini-
kdms"ni
Eldorado
Collingwood
Chesley
IN'
P / C a r let mi Je.G
Haliburton
Lindsay
j L
i(ll\ Kincardine
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ichmom
" grand"
^ Musk oka W h a r f0
Southampton/
\\?*cXn
St,M
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V
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STO CKS
AND
BOND S.
S o r e l/ v
, Rh ii yCliff
/
\ C I j HART FOR
jA l\nighkiH?|^r |
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lie O N N
jN'V biiiyh
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J yffjX&'W Havens
DI S T A N C E S
ft aw L e * b «r y to Qnebec
B ra n ch r*
,
.1d i d t o- M nntrvA.1 E \V n
S o sit h I n d i a n E x t e n s io n
St. Catherine*
Chnrlcm&irne
**
«8
INVESTORS’ SUPPLEMENT.
rvoii. lxxv.
RAUJBOAD STOCKS AND BONDS.
O c t o b e r , 1902.]
69
■enawee Jc
Adrian
o'n&;
s'N\A[onroe Jc!
/ Corbus
rosvenor
M A P OF THE
HOCKING VALLEY
RAILWAY
rC M ^E D O
Walbrfdge
l A*
~
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GramFRapids
Bowling
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£X °M alin ta
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Famham
Deshler
; %
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/
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X
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Elyria;
Berlin
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s ^ - ^ ly d e
Bradnex
cC^orwalk
° e v ille
aa
W ellington
Medina
Republic
Chicago Jc
Ci
Berwick
X * S t . Stephen
V M c Cutchen vill e ] V
/Ottawa
N e w London
Greenwich
CrestoH
Shiloh
/ Columbus/
)
G ro v e J r^
\
------------- /Bluffton
elphos
W
Shelby Jc
O rrville
Ashland,
W n o n ^ ““s
Wooster;
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Forest
Mansfield
Galion
Belleville
Cridersville
Wapakoneta
G rand
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Cdison
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Harper
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M illersburgh,
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Gann
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vVersailles >
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c ^ s \ P iq u a
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Dresden Jc
.Greenville
Mechanicsburg
Tecumseh
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Falls \
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Manchester
Zanesville
Dodsoi
Walsers
Dari Ingto;
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Cannelville
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Jefferson ville
Carlis]
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Lebanon
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BOiiliston
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Haydenviil
Union Furnace
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\
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fliopetown j N ew Plymouth
j
/
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chillicothe/
Creofa^"
Lantl.e^flley
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faydenv
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aTH
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f/z/WlMcliffi
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—
T. P L E A S A N T
Brighton
Hciotovlllc
J’l’/uikln £
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INVESTORS’ SUPPLEMENT
?0
[V ol . L X X V ,
bonds—p rin c i
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal. W hen Due.
A m ou nt
Par
of
of
F o r ex p la n a tion o f column headings, <feo., see notes
Outstanding R a te per When W here P a ya b le, and b y Stocks—L a st
Road. Bonds Value.
Cent.
P ayable
on first pa ge o f tables.
Whom.
D ividend.
____________________ R A IL R O A D S .___________________
1901 $1,000
H o c k V .(C o n .)K .& H .C & C .ls tM .g ,gu r e d .H O a f’l l
1902
1,000
C o n .C o a lls tM .,$3 500,000 g gu.sf.’0G,red.ll0af.’ 12S . . . .
1,000
1894
....
Car tru st bonds and scrip, s. f., red. at par, g . . . A
. . . . 1900-1 V arious
E qu ip, notes, p a ya b le m o n t lly ........ .....................
1,000
1902
....
C ar trusts, gold, $80,000 sem t-an n ually.S .........
100
....
....
Hoosac T u n n el < W ilm in gton — Stock.......................
&
1892
1,000
25
1st m ortgage, $250,000, g o l d . O B ......................
1,000
192 1893
Houst. E. & W. Texas— $ gu. p. & i. b y So. P. CJn..C"
192 1893
1,000
1st m ortgage, g o ld .. ( n ot g u a ra n te e d .................
1870
75
H oust.< Tex.C .R R — State o f T e x . pr. lien 1st 75 m.
&
1,009
1890
1st M .l.gr.g.red .llO .in t.gu . $2,104,000 pd.Cec*<fcr 453
1,000
453
1890
Con. M., 1 g., g., red. at 110, int. guar. F.c*<fcr...
.
1,000
Gen. M .,gold,in t.gu ar.,en d.,$8,000 p a id .M pc^& r 453. 1890
1.000
1900
58
W aco & N .W .D iv., 1st M.,g.,$25,000 p.m .Ce.c*&r
1,000
1891
A u stin & N orth w est., 1st m ort. g.,gu .p <fei.A c*<fcr 103
1,000
41
1895
F t. W orth & N e w O r l , 1st M. (W ax . to F t W .)._ .
1,000
12 1881
C .Tex.& N.W ., 1st M., gu S. Pac. (Gar. to W a x .)F
... n
50
64
H u n tin g d o n < B road Top— Common stock ..............
&
50
64
P re fe rre d stock, 7 p er cent, non -cu m u lative......
500
64 1854
l e t M., exten d ed in 1890 (int. o n ly in g o l d ) . . G P
500
64 1857
2d M ., old 7s, exten d ed in 1895. p. & i., g . ) . . . G P
1,000
64
1865
3d m ortgage, consol., e x t. in gold in 1895 G P .c *
1,000
1896
Consol, car trust, $68,000 due Oct. 1 y e a r ly ......
1,000
1899
14th ser. car trust, $29,000 y e a r ly D ec. l . P e P . .
16 1893
Ib e ria & V e rm ilio n —1st m o rtg a g e ...........................
100
I l l i n o i s C e n tr a l—Stock, $95,040,000....................
__
100
Leased line 4 per cent stock, guar, (see remarks.)
*2 0 0
S terlin g bds. old 6s ex t. in 1895
1875
1st m ort. o f Sterl. o f '03, * 10,000 d r’n y rl.c *
*2 0 0
1874
1 8 7 4 fo r
*2 0 0
1875
S terlin g bonds, due 1905..........
$15,000,000 < 4s o f 1886,due 1951, g o ld ....c *
[
7Uo< 1886
1,000
secures all 3 ^ 8 o f 1886, due 1951, g.. c*<fcr
1,000
1886
eq u a lly. JDh ( 3s o f 1895, due 1951, goId.c*<fcr
*2 0 0
1895
H a w k f n s v l l l e & F l o r i d a S o u t h e r n B y . —Y 74, p. 775.
H e n d e r s o n B r i d g e C o . —O w ns b rid ge across Ohio R. at H en d er
son, K y ., and 10 m iles o f road. Stock is $1,000,000 (par, $100), of
w hich the L o u is ville & N a sh ville Co. holds about $830,000, a p a r t bein g
in the B rid ge Co. trea su ry(Y .7 3 , p. 960). T h e B rid ge Co. is gu aran teed
gross receipts o f $200,000 p e r y e a r b y th e severa l roads using it and
dividends o f 2 ^ p. c. w e re paid each F. & A. to Feb., 1901. Th e
A u g., 1901, d ivid en d w as passed.—V. 73, p. 391. See official circular.
V. 73, p. 444. P r o te c tiv e measures V. 73, p. 723. $403,000 bonds
in sinking fu nd in Oct., 1900. F o r y e a r 1900-1, gross, $257,175; net,
$200,790; charges, $128,000; dividends, $25,000.- ( V . 75, p. 342.)
H i b e r n i a M i n e R R . - O w ns fro m R o ck a w a y, N. J., to H ibern ia
M ines, N . J., 4 X m. Leased to Cent, o f N. J. in 1890 fo r $12,000 p er an.
4
H o c k i n g V a l l e y R a i l w a y — (See M a p , ) —T h is company o w n s
m ain lin e from Pom eroy, O., to W albridge, O., 250 miles, w ith tra c k
age (Penn. R R . System ) W alb ridge to Toledo, 6 m iles; branches to
Athens, N elson ville, etc., 73 m iles; leases W ellsto n & Jackson B elt
R y., Junction to Jackson, 18 m iles; tota l, 347 m.; 2d track, 25 m.
H is t o r y , & c.—Successor on Feb. 25,1899, p er plan in Y . 68, p. 231,
to the Columbus H ock. Y a lle y & T oled o Ry., sold under foreclosu re
Feb. 24,1899. V. 68, p. 2 3 1, 379. Th e coal lands, from w hich the bulk
o f th e com pan y’ s business is d erived , a gg reg a te about 20,975 acres, and
are covered by the n ew consol, m ortgage. In Dec., 1899, acquired
con trol o f the T oled o & Ohio C entral R y., bu t th at road is operated
sep arately. See Sto c k below .
St o c k .—Th ere w as reserved $5,000,000 each o f p referred and com
mon stock to acqu ire in terests in the T o led o < Ohio C en tral Ry.
fc
and Col. 8and. & H. ra ilw a y s, i f p racticab le o r desirable. In D ec.,
1899, o f this reserved stock $4,421,600 common and $4,000,000 p re
ferred stock w as fe t aside to acquire th e en tire issue o f $8,421,000
M id d le States C onstruction Co. c o lla te ra l 3s, w hich are secured by
deposit o f ajm ost the en tire ca p ita l stock o f the Tol. & Ohio Cent. R y.;
$1,219,100 o f the said $4,000,000 p referred w as set aside fo r T. & O. C.
ca r trusts, im provem ents, etc., and in Oct., 1900, $500,000 th e re o f w as
issued, and balance in June, 1901. In June, 1901, a ll e x c e p t $54,100
T ol. &Ohio Central com m on and $11,600 p referred stock had been ac
quired. See V . 69, p. 1345. R ig h ts o f p ref. stock are:
Preferred stock is to be prelerred both as to dividends and assets in case
o f liquidation and subject to the statutory right of the company to redeem the
same at ].ar. A fter 4 per cent on both common and preferred shall have been
paid for any fiscal year, further dividends fo r such year shall be for the equal
benefit of both stocks.
D iv id e n d s .—On p ref., 1 9 0 0 ,3 ^ p.c.,;1901 and 1902, 4 p .c . each. On
com. Ju ly, 1901, l ^ p . c.; 1902, 3 p. c. (paid J. & J.)
B onds .—T h e consols ($20,000,000 authorized) besides a lien on the
en tire p rop erty, subject on ly to $6,274,000 p rio r bonds, h a ve a first
lien on all the coal lands (from w hich the bulk o f the business is de
r iv e d ), estim ated at 20,974 acres; $6,274,000 consols are reserved to
re tire the ex is tin g bonds (these e x is tin g bonds, h ow eve r, m a y be e x
ten d ed a t m a tu rity) and $5,645,000 (estim ated) fo r the acquisition o f
n ew p ro p e rty and b etterm en ts, o f w hich $3 230,000 sold in 1899-1902.
V . 72, p. 338; V . 74, p. 1038. S ubstan tially a ll o f the bonds and stock
o f the Ohio Land & R y. Co. and the W ellsto n & Jackson B e lt R y., 18
m iles, are deposited under said m ortgage. D escription o f bonds in V.
6 8 ,p.823. G uarantees K a n aw h a & H o ck in g Coal & C«*keCo. bonds.
(See V . 74, p. 271.); also C on tin en tal Coal Co. bonds
(V. 75. p. 497.)
T h e $1,600,000 car trusts o f 1902 co v e r 3,020 fo rty-to n gon dola cars.
V. 74, p. 1196; V. 75, p. 741.
G e n e r a l F in a n c e s .—Th e annual fix ed charges b efo re the re o r
gan ization w ere about $1,200,000.
L ate s t E a r n in g s .—F or 2 months ending Aug. 31:
2 mos.—
Gross
1902........ .$1,077,242
1901........ .
887,944
Net.
$433,436
352,124
Oth. iv c .
$24,989
17,437
Charges.
$147,292
143,899
Balance.
$311,133
225,662
A n n u a l R e p o r t .—T rattic is mostly freight, and 61 per cent o f this is
bituminous coal. A verage train load is large—in 1902, 678 tons.
R e p o rt fo r y e a r en din g June 30, 1902, w as g iv en a t len gth in Y .
75, p. 727, 740; see also ed ito ria l, p. ^07.
1901-02.
1900-01.
1899-00.
Gross earnings....................... $5,316,523
$4,417,267
$4,653,258
O peratin g expenses and taxes 3,229,331
2,785,286
2,641,207
N e t earnings from oper’ n..$2 087,192
O ther incom e.............................
504,549
$1,8^7,972
474,084
$1,776,060
295,388
Total available incom e___$2,591,741
$2,342,056
$987,879
(4)560,000
(1^ )156,324
$2,071,448
$902,900
(3^)430,000
F ix e d ch arges............................ $989,^68
D ividends on p ie fe r r e d ............. (4)560,000
D ivid en d s on com m on ........ ...... <3)312,648
B alan ce, y e a r’ s surplus___ $729,725
$637,853
$738,548
O f f ic e r s .—P iesident, N. M onsarrat, Columbus; Sec. and Treas., W .
N. Cott, Columbus; A ss’ t Sec. and Treas., A . H. G il ard, N e w Y o ik .
D i r e c t o r s —Charles 1 . Alexander, Robert Bacon, R. M. Gallaway, Thomas F.
3
Ryan and ( harlee Steele, New Nork; Myron T. Herrick, Ralph W. Hickox and
James H. Hovt, Cleveland: P. W. Huntington. Charles G. Hickox, N. Mon
sarrat W. F. Goodspeed ann R. S. Warner, ('olumbus, O.
— (Y . 7 5 ,p. 77, 240, 497, 66b, 7 2 7 , 7 4 0 .)
H oosac Tu nnel &
1l i n i n g , ! o n R R , - N a r r o w G a u g e .—
Ow ns road from H oosac Tunnel, Mass., to W ilm in gton , V t., 25 miles.
$2,750,000
2.750,ono
395,000
1,298,711
l,52o,000
250,000
250,000
2,199,000
501,000
See tex t.
5,960,000
2,911,000
4,287,000
l,105,0i 0
1,920,000
709.000
180,000
1,371,750
2,000,000
416,000
367,500
1,497,000
272,000
292,000
322,000
See text.
10,000,000
2,500,000
3,100,000
1,000,000
1,500,000
2,499,000
*5 00,00 0
5 g.
5 g.
6 g.
5
4 12g
2 in 1901
5 g.
5 g.
5 g.
6
5 g.
6 g.
4 g.
6 g.
5 g.
6
6
1 in 1897
6 in 1902
4 g.
4 g.
5 g.
5
4
5
6 in 1902
4
4 g.
5 g.
5 g.
4 g.
3 ^ g.
3 g.
J. & J
N e w Y o rk .
Ju ly 1, 1951
F. & A.
do
do
Feb. 1, 1952
Q .- J . N. Y ., A tla n tic Tru st Co. A p r. 1, 1904
Various
Various.
To" Ju ly, 1908
M. A N.
M a y ’uS-My’ lS
Dec. 31.
H o lyo k e, Mass.
Dec.31,’01,2%
M. & S Bost.,01d C olony Tr.Co. Sept. 1, 1922
M. & N. N. Y ., 120 B roadw ay. M ay 1, 1933
M. & N.
do
do
M a y 1, 1933
Houston, T ex a s
A nnually.
J. & J. N. Y ., C entral T ru st Co. July 1, 1937
A . & O.
do
do
Oct. 1, 1912
A. < O.
fe
do
do
Apr. 1, 1921
M. & N. N. Y ., Cent. Tru st Co. M a y 1, 1930
J. & J.
do
do
Ju ly 1, 1941
J. & J.
Deo. 31, 1925
A. < O. N. Y ., 120 B roadw ay. Oct. 1, 1911
fc
Phil. Of. ,4th<teW alnutbt. Feb. 8 , ’9 7 ,1 %
J. & J.
do
do
J uly 24,’02,
A . & O.
do
do
Sept. 30,1920
F. & A.
do
do
Feb. 1, 1925
A . < O.
fe
do
do
Mch. 31.1925
A. & O. Phila. ,M erchants’T riist A p r . l ’03-1906
J. & D. Penn. Co. fo r Ins., &c. T o Dec. 1, ’ l l
F. & A. N .Y.,So.Pac.C o. 120 B’y
A u g 1943
M. & S. N. Y ., 214 B ’w a y & Lon. A u g.30 ,’ 02,3%
J. & J. N. Y ., 214 B’w a y < Lon. Ju ly, 1902, 2 %
fc
A. & 0.
London.
A pr. 1, 1951
A . & 0. London,M orton, C. & Co. A p r. 1, 1903
J. & D.
do
do
Deo. 1, 1905
J. & J. N e w Y o rk , 214 B ’dw ay. Jan. 1, 1951
J. & J.
do
do
Jan. 1, 1951
M. < S.
fe
London.
Mar. 1, 1951
B ills p a ya b le June 30, 1902, $21,000. E arn in gs fo r y e a r 1901-02,.
gross, $64,024; net, $13,392; charges, $13,158f dividends (2 p .c .),
$5,000. D ivs. in 1896, 1 p. c.; in 1897 to 1901, Inclusive, 2 p. c. yearly.
H o t S p r i n g s . —Purchased in 1902 b y Choctaw Oklahom a & G n lf.
H o u s t o n B e a u m o n t & N e w O r l e a n s B y . —V. 74, p. 10C8.
H o u s t o n F a s t & W e s t T e x a s B y . —Owns from H ouston, Texas,
to Sabine R iv e r at L ogansport, 191 m iles, w h ere it connects w ith th e
H ouston & S h reveport R R ,, L o ga n s p o rt to Shreveport, 39 m iles. R e
organ ized in 1896 w ith o u t fo ieclo su re. Bond issue lim ited to $3,000,000. Stock $1,920,000, o f w hich $1,905,000 is ow n ed by So. Pac. Co.
V. 72, p. 287. In Ju ly, 1900, the South. P a cific Co. had gu aran teed
$2,199,000 o f the bonds, prin cip al and in terest, b y indorsem ent, re
servin g the rig h t to redeem the bonds at 105 and in terest at any tim e
on six m onths’ notice; gu aran ty, V. 70, p. 841; see also Y . 71, p. 236.
F o r y e a r 1900-01, gross, $847,113; net, $245,481; charges, $183,669;
bal., sur., $61,810.- ( V . 71, p. 236.)
H o u s t o n & T e x a s C e n t r a l B a i l r o a d . —(See M ap o f Southern
P a cific) —Owns from H ouston, Texas, to Denison, Texas, 338 m iles,
Hem pstead, T ex ., to Llano, Texas, v ia Austin, 214 m ile s ; B rem on d to
Ross. T ex . 55 m iles (fo rm er W aco & N orth w estern acquired Ju ly 1;
1 8 9 8 ); G a rrett to F o rt W orth , 53 m iles; oth er branches, 20 m ile s ,
total owned, 670 miles.
H is t o r y .—Successor A p r il 11, 1893, to a railw ay com pan y fo r e
closed 8ept. 8, 1888. R eorga n iza tion plan V. 45, p. 792, 820. On Aug.
22.1901, variou s con trolled lines w ere m erged, in clu ding the A u stin &
N orth w estern , an extension o f w hich from B u rn ett to Lampasas. 50
m iles, is to be com pleted N o v., 1902. Y . 72, p. 480, 821; V. 73, p. 137,
494. L itiga tion , see V . 74, p. 680.
B onds .—Th e bonds are b ein g gra d u ally reduced w ith proceeds o f
land sales. Th e fir s t m ortgage w as fo r $8,634,000, o f w hich $570,000
reserved again st claim o f State o f Texas upon 75 m iles o f the road.
T h e Southern P a cific Co. gu arantees in terest on a ll the bonds. T h ere
are $57,000 debentures o f 1897 due Oct. 1, 1902. T h e fir s t m ortgage
bonds and the consolidated m ortgage bonds m a y be called fo r redem p
tion at 110 w ith proceeds o f land sales. See fu ll abstracts o f all the
m ortgages in V . 52, p. 242. O f th e $5,068,000 consolidated 6s authorized
$1,149,000 (not included in th e am ount outstanding above) are held as
p a rt secu rity fo r the general 4s. Stock, $10,000,000, o f which the So.
P a cific Co. ow ns $9,596,000 ; p a r, $100. A s to school fu nd claim fo r
$673,100, see Y . 64, p. 1137; V . 66, p. 471; Y . 70, p. 686.
L and s .—T h e lands June 30,1900, consisted fo r first m o rtg a g e o f
1,940,596 a cres; consol, m o rtg ag e, 1,345,110 a cre s; gen era l m ort
ga ge, 11,289 acres. D efe rre d paym en ts w ere: F o r 1st m ort., $231,790;
consol, m ortgage, $218,648; g e n era l m ort., $4,705. Y . 65, p. 869.
L ate st E a r n s .—11 mos., > 190 1-2... Gross, $4,812,082; net, $1,512,121
Ju ly 1 to M a y 31.
5 19 0 0 -1 ...G ross, 5,316,590; net, 2,042,941
F isca l yea r changed to end June 30. R ep o rt fo r 1899-00 in V. 72, p.
671. In 1900-01, gross, $4,9 8,392; net, $2,004,821; tota l charges,
$1,028,258; balance, surplus, $ 9 '6,56 3. I d 1899-1900, gross, $3,886,617; net, $1,094,48 3 . - ( Y . 73, p. 957; V. 74, p. 267, 680, 936.)
H u d s o n &, M a n h a t t a n B y . —Y 75,p. 666.
H u d s o n T u n n e l B y . —See N e w Y o r k & Jersey R R .
H u n t i n g d o n & B r o a d T o p M t . K i t . & C o a l C o . —Owns from
H u ntingdon, Pa., to Mount D allas, Pa., 45 m iles; branches, 19 miles.
D iv - ’90. ’ 91. ’ 92. ’93. ’ 94. ’95. ’96. ’97. ’98. ’99 ’ 00. 1901. 1902.
On com. 0
2
4
5
5
4^ 4
1
0
0
0
0
.........
On pref. 5 ^ 7
7
7
7
7
7
6
5 5 ^ 7 5
6
A n n u a l R e p o r t .—R ep o rt fo r l9 0 1 w as g iv e n in Y . 74, p. 723.
Gross.
Net.
Interest. Ih v id ’nds.
B alance.
1901........... $754,633
$324,964 $106,190
$100,000 sur $117,775
1 9 0 0 . . ....... 643,904 247.442
106.190
140,000
sur. 1.252
- ( V . 72, p. 282, 1 1 8 4 ; V . 74, p. 477, 7 2 3 ; V. 75, p. 134 )
H u t c h i n s o n Sc S o u t h . B y . —See A tch . T . & S .F .,an d V.71, p. 607.
I b e r i a Sc V e r m i l i o n B B . —Salt M in e Jet. to A b b e v ille , L a ., 16
miles. Stock, $300,000, o f which $298,500 ow n ed by M o rgan ’s Louis
iana < T ex a s RR. & Steam ship Co.,(So. Pac. system ). Y e a r 1900-01,
fe
gross, $ 14,830; net, $ 2 3 ,6 10;int., taxes, etc., $19,527; bal., sur., $4,083.
I l l i n o i s C e n t r a l B B . — (See M a p .)—R o a d .—Operates from Chi cago,
111., southerly to N ew Orleans, L a ., 912 m iles, and w esterly to Sioux
C ity, la., 509 m iles, w ith num erous branches. Its road, clea rly shown
on the accom panying m ap, is m ade up as fo llo w s : O lw hicli see.)
Road owned in fee.
Miles.
M iles.
Chicago to Cairo, 111.
E van sv. L in e (Ohio Y a l. R R . 139
. S M ain ?
C entralia, 111., to E ast' v stem. C706 Mem., T en .? to Grenada,Miss. 100
Dubuque, l a
Yazoo & M ississippi V al. R R .
Dubuque & Sioux C ity TI...... 730
UMemphis to N. O. and hrs. 1,096
S w itz C ity to Eftingh’m, 111..
88 St. Louis A lto n & T e rre H . . . 239
S prin gfield to E St. Louis,
E n tir e stock owned.
ill. (V. 71, p .5 4 7 ) ..........
98 Branches................................. 892
A cqu ire d - Oct., 1901,
Leased.
P eo ria , 1)1., to E va n sville,
Chicago & T ex a s (8ep t.’9 7 )..
80
In d ., w ith 6 m. branch (V.
73, p. 391, 6 6 5 )................... 251
T o ta l system June 30,1902.5,380
L ea s ed — C ontrol cncncd.
O f which earns, kept separate—
Chicago St. L. & N. O. R R .
Y a zo o & Miss. V a il. R R ........1,096
Cairo, 111., to N e w Orleans. 547
•
T o ta l included in earns.
L in e to L o u is ville, etc___)
614
J u ly 1, 1902...............4,284
(C. O. & S. W . & br’ches).. S
RAILROAD
O cto ber , 1902 J
STOCKS
AND
BONDS
71
3253
M IN N
MAUL
Traverse City
Hastings
\ A \ ralton V
Abasha
listee.
Appleton
non
Tracy
OshkoshX
watonha
-Austin j
Chien
IIm
lyi/li/WAUKE
acin
'eo
^ / 0 U B U qu7
Correction X
Coggon
Norfolk
Marshalltown
V
s to n
J^nison
Polor
Dixon
Am boy
Clinton
aven
jnd
gtoh
CalesbuTg^
p f
v Q:|
\ 5/JSA.
QT"
K O K^ KEEJC.
T sj T
Loganspor
R l A A C K IB asol
e ^ N ^ o r ^ a 'i I
oo^vi iI n g 'T cxnJ
Centrevm e1
/^Bushnell
.Marion
Beatrix
Kii^ksvil
HAN
Ikhart
South Ben
III
Werfonal
Rutland
Ottumwa
A lb ia
>
m e n Do t a m
______Dimmrc kU
.Columbus.
aumer
HAVA
a
Chillicotne
q— g Tolono
7 MTuscola
Cameron
ison
ipazoo'
SIO U X
C
A
R.
Moberly
.1 7
Louisian
exico
^Junction Cit
F IN G H A M
XT'1 Y) \ \ < /
'
0
^Ram
sey
DA.LIA i
KAiJSAS'ClT
n£v
.'TON
I
olu mb us
INCIN
\ J tfliy
Itch ell
Missouri
Sedaliai Mo,
mporia
-^^A Patdka,
E.ST. LOUIS
K'
’S
_\
□^•Sandoval
PacifkL
Cuba
(F O d in
\
|,loru
rC . E N T R A L i
fABhiej
-Tamaroa
PI^CKNEYVILLEl
Ft/Scott
M adison
Kinhuindv
> jy
\
fC o
C hest^gc—
ismarck
v
D ^quol
AA Lam ar
p rin gfield
ORSE
6 RANCHJ
ICentral’C ity
Nortonviile
DeltalC A \ R O T
U E .C am b
A rlin g to n
Monett
Poplar B lu ff
Chadwick
W agoner
P G U T H R lf
Guthrie
Kno^el
Eureka Spring!
Martin
cKcnzie
M ila n N
»
/
ST.
rt,
I
Jackson
% Columbia
Cushm;
3uren
___U O zark
Bald Knob,
Oklahoma'
A 'B oliva n
a TG cuik I J o.
^ M ic h .G T p ^
H o lly Springs.
Uhi ter ford /
fAblJevnie
Me A Jester
LITTLE ROCK
Atoka
• N A S H V IL L E
Tullahom a
j
\ ME M PHJ
Conway
I T 75- i
Brink:l \
m ltb
0Greerisburg
Memphis Jc
iellyille
Doniphan;
j
"ATban’
S teveu soim
Florence
'uscumbia
catur
Oxford
■»» A
Hot Springs
, V alley
/ Pine B lu ff
•Rome,
" ' A d a . Q,
Gurdon A r k
V W arren 0
i^X }
Oaln«*»/Y'
(v/A
R D T 1 L.
EES
Wes/Polnt
^ fe fe u n lm s
G r e e n v ill.
lel
Cal ora
l i>i y
oimoH
Tittsttntrg
Selina
i f on roc
l# .
(//* on
L a u d e r d it
^JACKSO N
>
1
f-lo rry
7 * I
1Crystal Hprn.
/
\
Ila/JehurKt
/
\
Beauregard
it
eP o r f
% -J \
' Kmmnlt
McCotnb City
Magnolia /
3 O V 1 i f j f,t
1
Tlm nnlon
/
Tangipahoa'
A m ile '
RATON
WiOUOJ
T - GALVCstON
O M .E R Y
W T roo k h a v e n
F H ogu e (B illt o
NATCH E®*'
ItlY l
k
AUSTIN
MON
/ 1&
numinoiirf
u n jj^
IL L IN O IS C E N T R A L
SYSTEM .
72
INVESTORS’ SUPPL
[V o l . L X X V .
s .
rT
B o n d s -P T in o i
IN T E R E S T O R D IV ID E N D S .
Miles D a te Size, or
pal.W henD ue.
A m ou nt
of
of
Par
F o r ex p la n a tio n o f colum n headings, A e., see notes
O utstanding R a te P e r W hen W here P a ya b le, and by Stocks—L a st
Road. Bonds Value.
on first pa ge o f tables.
Cent.
Whom.
P a ya b le
D ividends.
R A IL R O A D S .
Illin o is Central— (C o n clu d e d )—
Trust bonds sterl. (sec. b y Ch. St.L. A N . O. cons.). U s
1st M .,Sp.D iv. ref. m., (V.66, p. 1237) g.Us.xo*<fcr i i i
131
1st M., M iddle D iv.,O tto to N orm an Juno. A b r s .r
857
C ollateral trust bonds, gold, $ ................... Usc*<fcr
Cairo B rid ge bonds, go ld (see re m a rk s ).. Us.c*<fer . . . .
Col. trust, $25,000,000, g., on L . N .O .A T.U».c*<fer 798
218
W estern lines, 1st M., g . U s ............................ c*<fcr
St. L . D iv . & T erm T IVL, $10,000,000,g.Us.xc*<fer j 239
D o $5,000,000 (See V. 65, p. 1173),g.,.Us.x.o*<fer
L ou isv. D iv . & Term . M ., $25,000,000, g. Us.xo*<fer 553
Chicago St. Louis & N e w Orleans, 2d m o rtg a g e .. 567
< Consol. M. ($18,000,000), gold , in t. guar.o*<fcr 567
567
( D o guar. p. & i .................................................
100
M em phis D iv. 1st M., g.,gu . p. < i. (e n d .).U s .c *
fc
130
Om aha D iv., 1st M., g., $5,000,000. U s ................
L itch field D iv., 1st M., g. $4,OO0,OO0.F........... c*
98
U n d erly in g St. L o u is D iv . < T e rm in a l bonds.
&
St. Louis A lto n & T. H .—Stock (n ot h eld b y Illin ois Ce
17
B ellev. A Carondelet, 1st M .,Belle, to E .C .,gold.cT
51
B ellev. A E l Dor., 1st M. (I.C .ow n s $100,000)c*
30
St. Lou is Southern., 1st m ort., g o ld ........ffle .c *
Carbondale & Shaw neetow n 1st M., g o ld .. .c*
17
Io w a F a lls & Sioux C ity —See statem en t o f Dub uque
Illin o is S outh ern—1st m ort., gold, $2,000,000.E C .
96
In d ia n a Illin o is < Iow a—Stock, $6,000,000 .........
£
. . . .
1st m o rtg a g e, gold, $12,000,000, g o ld .I C ....c A r
203
1886
1897
1881
1888
1892
1892
1894
51897
(1 8 9 7
1897
1877
1881
1897
1889
1900
1900
£200
$1,000
1,000
500 Ac.
1,000
500 Ac.
1,000
500 Ac.
1,000
500 Ac.
1,000
1,000
1,000
1J OO&c
1,000
100
n tral).
1883
1,000
1880
1,000
1,000
1886
1,000
1887
A Siou x City.
1901
1,000
100
. . . .
1900
1,000
$5,266,000
2,000,000
968,000
15,000,000
3,000,000
25,000,000
5,425,000
6.377,000
4,939,925
21,688,000
80,Ol O
a l l , 289,000
1,359,000
3,500,000
5,000 000
3,148,000
.
80,000
470,000
88,000
538,000
241,000
825,000
5,000,000
4,850,000
3 is g.
3*2*.
5
4 g.
4 go
4 g.
4 g.
3^g.
3 g.
3 ^ g.
6
5 g.
3^g.
4 g.
3 g.
3 g.
j . & j . London, Barin g Bros.
J. A J. N e w Y o rk , 214 B 'dw ay.
do
F. A A.
do
A. A O.
do
do
J. A D.
do
do
M. A N.
do
do
do
F. A A.
do
do
do
J. A J.
do
do
J. A J.
J. A J.
do
do
J. A D.
do
do
J / f& D rj
do
do
J / jA D / j
do
do
J. A D.
do
do
F. A A.
do
do
do
do
J . A J.
Ju ly 1, 1950
Jan. 1, 1951
Aug. 1, 1921
A pr. 1, 1952
Deo. 1, 1950
N ov. 1, 1953
Aug. 1, 1951
Ju ly 1, 1951
J u ly 1, 1951
Ju ly 1, 1953
Deo. 1, 1907
June 15,1951
June 15,1951
Dee. 1, 1951
Aug. 1, 1951
Jan. 1, 1951
do
do
do
do
July, ’0 2 , li« %
June 1, 1923
Ju ly 1, 1910
Sept. 1, 1931
Moh. 1, 1932
J. A J.
6 g. J. A D.
7
J. A J.
4 g. M. A S.
4 g. M. A S.
On Deo. 1,1899, to o k o v e r p o rtion o f St. L o u is P e o ria & N orthern
R y . from S prin gfield to E a st St. L o u is 111., 98 m iles. V . 71, p. 547.
Th e F o rt D o d ge
&
Om aha
RR.
extension, T a ra Station,
n ea r F o r t D odge, la ., to Council Bluffs, la ., 130 m iles, w as pu r
chased b y the D ubuque & Sioux C ity R R . on June 16, 1900,
and leased fo r 50 years to the 111. C en tral fo r its n et earnings above
in te rest on 111. Cent, bonds issued thereon (see b elo w ). V. 71, p. 547.
D u rin g 1900-1 variou s branches o f Y a z o o A Miss. V a l., a ggregatin g
90 m iles, w ere com pleted, and in M ar., 1902, L a k e C orm orant to
T u tw ille r, M iss , 68 m iles, and severa l others, w e re under construction.
E xten sion from L y le , Minn., to A lb e r t L e a , 19 m iles, operated in Dec.,
1900. Steam ship connections at N e w O rleans. V. 72, p. 533, 872.
Th e stockholders vo ted on Oct. 16, 1901, to acquire the fo rm er
P e o ria D eca iu r & E v a n s v ille R y ., P eo ria , III., to E va n sville, In d ., 244
m iles, p revio u s ly operated b y Illin o is Cent, as agent, w ith 6-m ile branch,
th e cost to be represented b y a n ew bond issue. — V. 73, p. 391, 665.
T h e K en tu ck y W estern R v ., B la ck ford to D ixon , K y ., 18 m iles, w as
purchased in D ec., 1901. V, 75, p. t>71. In Jan., 1902, obtained con
tr o l o f the Omaha B. & T erm in a l R y. V. 74. p. 151. In Feb., 1902,
purchased the C ecilia branch, 46 m iles, fo rm e rly leased.—V . 74, p. 326.
H is t o r y , L eases , A c.—Chartered in D ecem ber. 1850. T h e company
pays to the State o f Illin o is 7 p er cent (in 1902 $911,365) o f gross
o f the 706 m iles ow n ed in fe e y e a rly in lieu o f taxes. Th e Chicago St. L
& N. O. is leased fo r 400 years from J u ly 1,1882, at 4 p e r cen t p er annum
on Its $10,000,000 stock deposited to secure the leased lin e stock.
Ca p it a l St o c k .—The Leased lin e stock is secured b y dep osit of
$10,000,000 Chicago St. Louis A N e w O rleans stock, and in case of
d efa u lt fo r s ix ty days on a n y sem i-annual d ivid en d o f 2 per cent, the
stockh older is en titled to his share o f the stock pledged. (V . 6>, p 10"rl .)
E a rly in 1901 the stock was increased from $60,0o0,000 to $66,000,000, in N o v , 1901, to $79,200,000, and in A u g., 1902. w as authorized
to be fu rth er increased to $95,040,000, to p ro v id e addition al equ ip
m ent and fa cilities. See Y . 71, p 1066; V , 72, p. 241, 282; V . 73, p.
82,138, 666; Y . 74, p. 1308; Y . 75, p. 77, 498. Th e n ew stock w as subscribed fo r at p a r pro ra ta by shareholders o f record Sept. 19,1902, 50
p er cen t to be paid D ec. 2, 1902, and 50 p er cen t Jan 7 ,1 903, o r o p
tio n a lly a ll on D ec. 2.
O f the stock, o v e r a m a jo rity is n ow hejd
in A m erica , $8,000,000 bein g ow ned by the R a ilro a d Securities Co.
See pa ge 119 o f this Su p p l e m e n t . V . 71, p. 698, 779.
D iv id e n d s . ) 1885. ’ 86. ’ 87. ’ 88. ’89. ’90. ’ 91 to ’ 99. 1900. ’ 01. ’02.
Com m on stock. $ 8 p.c. 7 ^ 7
7 5^ 6
5 y ’ rly .
5^
6
6
B onds .—M ain L in e $15,000,000 m o rtg ag e o f 1874 co vers p rop erty
described in V. 63, p. 76. C a iro bridge bonds are secured b y deposit
o f a like am ount o f Chicago St. Lou is & N e w O rleans 1st M. Cairo B ridge
5s. T h e ren ta l fo r the b rid ge is $180,000 in go ld annually, o f which
$30,000 goes to a contin gen t and sinking fu nd till 1902, then $20,000
to regu la r sinking fund. See adv. in Ch r o n ic l e , M ay 7,1892.
T h e tru st bonds o f 1886 are secured b y dep osit o f $5,266,000 Chicago
8t. L. A N. O. consols o f ’ 81, and are to be included in an y n ew m ortg.
T h e colla te ra l trust bonds o f 1952 are secured by p led ge w ith the U. 8
Tru st Co. o f N e w Y o rk o f $16,350,000 5 per cen t 1st m o rtg ag e gold
bonds o f subsidiary railroads co verin g 854 miles. See list, V. 55, p. 550.
T h e $25,000,000 colla tera l tru st bonds o f 1953 are secured by pledge
o f the securities o f the Louisv. N. O. A T ex a s (n ow Y a z o o A Mississippi
V a lle y R R .), in clu ding a ll the $16,900,000 1st m o rtgage bonds, ex cep t
$68,000, 91 the $9,104,000 m o rtg a g e incom es and a ll bu t $96,000 o f
1
th e $10,000,000 land gra n t incom e bonds. See adv. in Ch ro n ic l e , J une
11,1892, and V . 54, p. 9 6 4 ; V. 61, p. 112.
F o r the Chicago St. L o u is < Sew Orleans the lessee guarantees the
&
prin cip al and in terest o f a ll the outstanding bonds p rior to the 5s o f
1881, and b y an endorsem ent on the la tte r bonds guarantees the
paym en t o f the in terest on the same u ntil the prin cip al is paid. O f
these consol. 5s $5,266,000 additional to the am ount outstanding above
a re pleged as security fo r the Illin o is C entral tru st bonds o f 1886. The
S ^ s o f 1897 are guaranteed, p. & i., b y endorsem ent—see fo rm o f gu a r
a n ty in V . 65, p. 1071.
Th e Western L in e s lo a n o f 1894 is fo r $10,000,000, bu t $4,575,000
bonds can be issued on ly when the road from Io w a F a lls to Sioux C ity,
184 m iles, n ow subject to $2,800,000 o f Io w a F a lls A Siou x C ity bonds
(see Dubuque & Sioux C ity R R .) due in 1917, shall be tra n sferred to
the tru stee w ith o u t encumbrance. 8ee Su p p l e m e n t o f Jan., 1899.
T h e St. L o u is D iv is io n & T e rm in a l bonds are fo r $15,000,000
authorized, o f which $5,000,000 are three p er c e n ts ; $3,500,000
w ere issuable fo r im p rovem en ts, equipm ent, etc., and $1,499,000 are
held to re tire $1,400,000 u n d erly in g bonds still outstan ding on the St.
Louis A lto n A T . H. system ; see table above. See a b s t r a c t o f m ort
g a g e in V. 66, p. 1 3 8 . See also V. 66. p. 133; V. 71, p. 546.
L o u is v ille D iv is io n < T e rm in a l m ort. is fo r $25,000,000; o f the bonds
&
$1,112,000 are reserved to purchase the 46 miles (C ecilia branch) from
L o u is v ille A N a s h v ille and to re tire the L. A N . bonds thereon; $2,500,000 fo r n ew acquisitions, additions o r extensions. T h e Chicago
St. Lou is A N e w Orleans, which took title to the L o u is v ille D ivision ,
Joins in m akin g the m o rtg ag e
See V. 66, p. 1 3 6 , fo r a b s t r a c t . See
also 8 u p p . o f Jan., 1899. (V. 65, p. 367,516; Y .6 6 ,p . 133; V. 67 p. 581;
V. 75, p. 671.
Th e Omaha Divisio7i m o rtg ag e covers the fo rm er F t. D o d ge A Omaha
R R ., T a ra to Council B lu ffs ,la ., 131 m iles. V. 71, p 547.
O f the $4,000,000 Litchfield D ivisio n bonds, $1,000,000 w ere reserved
fo r im provem ents, etc. V. 71, p. 547, 646.
G e n e r a l F in a n c e s .—In 1902 the stock w as increased to $951040,000. See paragraph headed “ C apital Stock” above.
do
do
do
do
4 g. A . A O E q u itab le Tr. Co., Chic. Oct. 1. 1951
See te x t J. & J. F rom Treas. of., Chic. J u ly 1, '02, 2%
4 g. J. A J. N. Y ., Gr. Cent. Station. J u ly 1, 1950
a In addition $5,266,000 consol. 5s are pled ged to sec ure 1 1inois Ce n tra l colla te ra l tru st bonds
1
I l l i n o i s C e n t r a l R R •—(Co n c lu d e d ).
do
do
o f 1886.
E a r n in g s .—2mos., 5 1 9 0 2 .........Gross, $6,749,239; net, $1,452,968
J u ly 1 to A u g. 31. <1901......... Gross, 6,558,930; net, 1,972,1': 9
A n n u a l R e p o r t .—F iscal ye a r ends June 30. A n n u a l m eetin g is held
a t Chicago the th ird W edn esday in October. R ep o rt fo r 1901-02 was
published a t len gth in V. 75, p. 663, 670 See also ed ito ria l, p. 638.
T h e fo llo w in g does n ot in clu de Y a zo o A M ississippi V a lley .
Y ear en d in g Ju n e 30—
1902.
1901.
1900.
M iles o p era ted .........................
4,284
4,265
3,996
Passenger ea rn in gs................. $8,020,649
$7,327,742
$6,177,654
F reig h t ea rn in gs...................... 27,710,782
24,876,339
22,280,420
M ail, express & m iscellaneous
5,089,599
4,696,379
4,153,897
T o ta l earn in gs..................... $40,821,030 $36,900,460 $32,611,967
O peratin g ex p en ses.................. 28,014,340
25,841,792
22,869,396
N et ea rn in gs............................ $12,806,690 $11,058,668
$9,742,571
Net rec’pts fro m interest, A c . . .
3,535,109
2,476,575
2,411,721
M iscellaneou s............................
16,679
28,608
30,090
T o ta l receip ts..................... .$16,358,496 $13,563,851 $12,184,382
Deduct—
Interest on 111. C e n tra lb ’ds___ $3,015,365
$2,930,925
$2,775,925
Int. on Chi. St. L. A N . O.b’ds.. . .
2,413,251
2,421,090
2,421,090
Rental Dub. & Sioux C. R R ......
505,161
533,913
627,568
N e t ren ta l St. L . A . & T. H ____
507,525
507,525
507,525
M iscellaneous............................
126,732
*452,738
95,000
D ivid’ ds on H I.C en tral stock...(6)4.752,000 (6)3,780,000(5^)3,300,000
8alance, surplus.................... f $ 5 ,038,462 fl$2,937,660 ff$2,457,27 4
*Includes $250,000 fo r pension fund, $145,238 ren t o f P e o ria d iv.,
etc.
H Inclu des $4,340,172 betterm ents, again st $2,895,000 in 1900-01
and $654,329, accrued in te re s t on bonds, p a ya b le a fte r Ju ly 1.
Y azo o & M is s is s ip p i V a l l e y —R esults on 1,095 m iles in 1901-2;
1,057 m iles in 1900-1. See re p o rt a t length, V . 75, p. 606, 617 : edit.,
p. 579.
Tear—
Cross.
Net.
Other in c. Interest, etc. B a t., sur.
1901-02....$6,587,355 $1,882,419 $47,752 '$1,064,417 $865,754
1900-01.. . 6,127,942
2,069,691
695
1,004,306 1,066,079
Surplus in 1901-02 as above, $865,754, a ll paid Sept. 1, 1902, to 1
11.
Cent, as o w n er o f en tire $9,104,000 Lou isv. N e w Orl. A T ex . 2d mort.
incom e bonds on account o f arrears o f in terest ($4,879,507) on July
1,1902; $1,016,079 paid from earnings o f 1900-01.
O f f ic e r s .—P resident. S tu yvesa n t Fish; Treas., E. T. H. G ibson; 3d
V ic e Pres, and Sec.. A . G. BLackstaff. 214 B roa d w a y, N. Y .
Directors.—B. F. Ayer, Walter Luttgen. John W. Auchinclosa, J. T. Harahan,
Charles M Beach, Cornelius Vanderbtlt, Stuyvesant Fish. Edward H. H ard
man John Jacob Astor, Charles A. Peabody Jr., John C. Welling, W, Morton
Gr<nnell. ana Ex officio Hon. Kichard Yates, Gov. of Illinois.
— (V .7 3 , p. 6 6 5 ,8 4 3 ,1 1 1 2 ,1 2 6 3 ; V 74, p. 151, 326, 775,1308; V. 75,
p 393, 441, 497, 611, 6 6 3 , 6 7 0 , 849.)
I l l i n o i s S o u t h e r n R y . —Owns Chester 111., to Salem , 111., 91 m.,
and Sparta to Rosborough, 5m.; tota l, 96 m. Successor June 1, 1900,
o f the C en tralia & Chester R R ., foreclosed. V. 70, p. 1048; V. 71, p.
29. Friends o t the com pan y a re bu ildin g an extension , under the
nam e o f Southern M issouri R y., from L it t le R ock L a n d in g to Bis
m arck, Mo., 43 m iles; aDd in Feb., 1901, in corporated the St. L o u is A
Southern R R . to build from M issou ri Jet. to the M ississippi R iv e r at
M oro L anding, near St. G en evieve, 6 miles.
Stock, $2,000,000, a ll issued. F o r 8 months en din g Feb. 28, 1901.
gross, $76,536; net, $11,592. F o r yea r en din g Ju ne 30, 1901 (old
com pan y), gross, $113,229; oper. expenses, $96,285; taxes, $8,013.
Presiden t, C H. Bos w orth ; Treasu rer. A . F. W illia m s ; A u ditor, C. F.
W einland, 204 D earborn St., Chicago, 111.— (V . 71, p. 29, 287, 445; V.
75, p. 549.)
I n d i a n a D e c a t u r Sc W e s t e r n R y . —M erged in August, 1902,
in C in cin nati In dian ap olis A W estern R R .—V. 75, p. 239.
I n d i a n a I l l i n o i s Sc I o w a R R . —Owns from South Bend, Ind.,
to S eaton ville, 111.. 192 m iles, w ith branches, 10 m iles; trackage o ver C.
B. & Q., L add to Fulton, 62 m iles ; oth er trackage, 2 in.; leases 5 0 years
from Feb. 23,1900, the St. Joseph South Bend A Southern RR ., South
Bend, Ind., to St. Joseph, M ich., 39 m iles; to ta l 306 miles, the ex
tension from Streator to Churchill bein g operated from Jan., 1901. E x
tension from St. Joseph to B enton H a rb o r was to be com pleted Oot.,
1901. In 1902 the L a k e Shore & M ich ican Southern R y. purchased
$4,773,200 o f the $5,000,000 stock. V. 73, p. 1356; V. 74, p. 41.
D iv id e n d s .—O ct., 1900, to Jan., 1902, in clu sive, 1 p. o. quarterly;
J u ly (sem i-annual). 2 p. o.
..
B o n d s .—Of the $12,u00,000 ls t 4 s o f 1901, $7,500,000 w ere issuable
o n ly fo r new prop erty and im provem ents; o f these, $350,000 were
issued in 1902 fo r new equipm ent, side tracks, etc. V. 71, p. 1269; y .
72, p. 87, 722; V. 74, p. 1251. C u rren t lia b ilities J une 30, 1901, $426,489
E a r n in g s .—12 months, > 1901...... Gross, $ 1 ,6 3 8 ,°0 4 ; net, $613,003
Jan. 1 to Dec. 31.
S 1 9 0 0 ..... Gross, 1,226,140 ; net, 444,059
E a r n in g s .—R ep o rt fo r y e a r en din g June 30, *01, w as in V. 73, p. 840,
show ing: gross, $1,419,116; net, $559,281; oth er income,^$5,230;
in terest, taxes, rentals, $264,716; dividends (4 p. o.), $2°0>00(h
balance, surplus fo r year, $9^,794. In 1899-0,gross, $1,226,150; net,
$468,085.— (V . 73, p. 6 6 0 , 662, 8 4 0 , 1356; V. 74, p. 41, 205, 1251.)
I n d i a n a p o l i s U n i o n R y . —Owns 3 m iles o f track, 93 o f a nfile
o f road, w ith term inals at fDdianapolis, Ind., and leases fo r 999 years
the B elt R R . o f In d ia n a p o lis - 1 2 ^ m iles (w hich see).
/
O c t o b e r , 1 90 2 .]
R A ILR O A D
STOCKS A N D
BONDS
73
0>
atcKn<’U
i
%
Tipton
x
'
' C
TJBKUOW CITY
Warrantor?
O
/a
n /r /
■
GJIjnoro
a
>
INVEST OKS5 SUPPLEMENT,
1
74
[V o l . L X X V .
bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,W hen Due.
A m ou nt
of
Par
of
F o r explan ation o f colum n headings, &c., see notes
R a te per W hen W here Pa ya b le, and by Stocks—L a s t
Road. Bonds Value. O utstanding
on first page o f tables.
Cent.
P a ya b le
Whom.
D ividend.
R A IL R O A D S .
In d ia n a p o lis Tin.—1st M ., g., s. f. n ot subj.to ca ll.c*
In d ia n a p o lis < Vincennes— 1st M., gu. p. < i.(end.)c.
&
fe
In le rb o ro u g h Rapid, Transit—Stock, $35,000,000.,
in te rn a tio n a l & Great Northern— 1st m ort., g o ld ___
2d m ortgage, g o l d . F ............................................ c*
3d M. ($3,000,000) (fo rm ’ly in c.),g.incl.8crip U Ie.cx
Colorado B ridge bonds, sinking tu nd. F ................
ln te rocea n ic Ry. o f M exico—Ord. shs., £1,700,000.
P referred stock, 7 per cent, cum., £ 1 ,0 0 0 ,0 0 0 ...
Pr. lien deb., sub], to ca ll at par aft. Mch. 1, ’97.
Fou r p. c. deb. stock, sub. call, par, £1,150,000.
Deb. stock, 7% “ A ,” subj. to call, liO , non-cum..
Del), stock, 7% “ B ,” subj. to call. 120, non-cum..
Second deb. stock, red. at 105 a fte r 1911, te x t
M ex. E. deb. stk.,£450 000, gu ar.,red. 105' beg.’ 14
Iow a Cent.—Common stock, $11,000,000 au th ......
P re fe rre d stock, $7,400,000, 5 p. c., non-cum ___
1st M. fo r $7,650,000, g (a b s tr.,V .4 9 ,p .5 8 2 )M e .c *
Refund’ g M., $25,000,000, g See t e x t UIo..c*<fer
Iow a < St L .—1st M., $2,000,000 (red. te x t). IO ..C *
£
Aron R ailw ay—Stock..................................................
Jackson ville < St. L o u is —Stock Tru st Certificates.
£
Jacksonv. Southeast. 1st M., Jack, to L itch field ..
1st consol, m ortgage, $650,000, gold
,.P *-P c *
In com e M, gold, non-cum., $1,650,000..P * P ___
Ja ck son ville Ter.—1st M., $500,000, g., gu U lp ..c *
Jamestown Ohaut. & L. F.— 1st M., $750,000.1 o.c.*
Jefferson— 1st & 2d M s,ext. in ’ 87&’ 89 (H ’ d a le B r.)c
1st M .C arbondale to S. dep ot,g., gu. p . & i . F P . o *
Joliet < N orthern In d ia n a —1st M. gu. p. <fci. M. C .c
&
J u n ctio n (P h ila d e lp h ia )—1st m., g u a r.p .& i.(e x t’ d).
G en eral m ortgage, gold, coupon, $750,000 ........
jaianaw.ee M ich.— Lat M.S15.000 p.m.g.gu. p.&i.Ce.c*
93
133
1886
1867
1,002
1.002
1,001
mm
m.
1879
1881
1892
1880
..
....
....
...
___
503
541
....
20
1888
1901
1902
54
112
112
....
41
8
37
45
3*62
3*62
164
1880
1896
1896
1894
1901
1867
1889
1877
1882
1900
1890
$1,000
$940,000
4!ag.
1,000
1,700,000
7
100
See tex t.
None.
500 <fec. 10,235,000
6 g500 &c.
9,335,000
5 g.
500 &c.
2,721,052
4 g*
1,000
198,000
7
£10 £1,700,000
10
1,000,000
50 &c.
400,000
5
......
699,886
4
100
735,392 7 in 1901
100
469,459 3'7l6in ’00
100
4*3
(?)
100
5
(?)
100
8,517,700
100
5,671,900 1*3 in ’00
1,000
7,650,000
5 g.
1,000
2.000,000
4 g
1,000
See t e x t
5 g.
100
600,000
100
1,500,000
1,000
300,000
6
350,000
5 g.
1,582,000
4
1,000
500,000
5 g.
1,000
600,000
4 g.
1,000
300,000 4*3 & 6
1,000
2,800,000
5 g.
1,000
800,000
7
1,000
425,000
4*3
1,000
300.000
3 ^ g.
1,000
2.469,000
4 g.
Form ed in 1850 and furnishes term in a l fa cilities to the several
railroads en terin g Indianapolis. Ca p it a l —The C leveland Cincinnati
Chicago & 8t. Louis, the P ittsb u rg Cincinnati Chicago < St. Louis and
fc
the T erre H au te & In dian ap olis are virtu a l proprietors, they h avin g in
vested in it $861,817 to June 30, 1902. N o stock outstanding. B onds .
—Trustee o f m ortgage is the F id e lity Trust Co. of Philadelphia. Bonds
fo r $60,000 have been canceled b y sin kin g fund. F o r y e a r ending
June 30, 1902, gross, $660,207; net, $161,147; other Income, $12,843;
charges, $98,132; balance, surplus, $75,858. In 1900-1, gross, $579,4 22 ; net, $235,019; oth er incom e, $13,036.
I n d i a n a p o l i s Sc V i n c e n n e s R R . —Owns from In dian apolis, Ind*
to Vincennes, 117 m iles; branches, Bushrod to D u gger, etc., 16 m iles.
Se c u r it ie s .—Stock, $l',402,000; par, $50; o f w hich P en n sylva n ia
Com pany on Jan. 1, 1902, ow n ed $1,401,900. Th e $1,400,000 gu aran
teed 2d 6s w ere purchased b y Penn. R R . M a y 1, 1900 pen din g a
m e rge r w ith oth er W estern lin es o f the system . V . 72, p. 490.
Net.
In terest, etc.
Y 'r e n d .D e c jr . Gross.
B alance.
def. $44,755
1 90 1 .............. $709,434
$123,245
$168,000
def. 75,383
104,284
179,667
1900..........
. 639,595
— (V . 70, p. 739.)
I n t e r b o r o u g l i R a p i d T r a n s i t C o .- In c o r p o r a t e d on M a y 6,
1902, in N e w Y o rk , and acquired the stock o f the R a p id T ra n sit Sub
w a y Construction Co. W ill operate the rapid tra n sit tunnel r a il
road in N e w Y o r k C ity. Th is road is ex p ected to be com pleted b y Jan.
1,1904, as a fou r-track lin e from the C ity H a ll (w ith the tw o track
lo op at that p o in t), under n ew L lm St., Fou rth and P a rk avenues, to
42d St., thence u nder 42d St. and B roa d w a y to 103d St.; also as tw otra ck Lines, p a rtly viadu ct, (a) from l03d St., on the W est Side, to
K in g sb rid g e Station, (b) from 103d St. to the E a st Side and B ro n x Park.
Co ntr ac ts .—T h e co n tract w ith the c ity calls fo r the constru ction o f
the above-described road fo r $35,000,000 and its lease to th e com
pan y fo r 50 years from com pletion , re n ew a b le fo r another 25
years, the rental to be equ al to the in terest on the c ity ’ s bonds issued
fo r consrruction (but n ot fo r easem ents, etc.) T h e com pany must
also at its ow n expense p ro v id e the e lec trica l equipm ent, contracts
fo r w hich w ill aggr< ga te $16,000,000. F o r con tract see V . 69, p. 1063.
In Ju ly, 1902, a fu rth er con tract fo r a tw o track extension to South
F e rry and thence to B roo k ly n under the E ast R iv e r w as aw arded. Y .
75, p. 30, 184.
St o c k .—Stock authorized, $35,000,000; x>ar of shares, $100; o f this
$S,00< ,000 is fu ll paid (see V. 74, p. 9*7>; of the balance, $9,600,000
bei> g subscribed fo r at 110 and *10,000,000 at par and $6,400,000
otherwise taken, 40 p. c. has been called to Oct. 1,1902. V. 75, p. 441.
V o t in g T r u s t —Ti»e stock is h eld in a vo tin g trust, E. M ora D avison,
B. H am bu rger and Charles B. L u d lo w bein g the v o tiu g trustees.
D i r e c t o r s .— W illia m H. B a ld w in Jr., Charles T. B arney, August
Belm o. t, A n d re w Freedm an, Jam es Jourdan. >. B. M cD onald, W G.
Oakm an, John Peirce, Geo. \V. Y ou n g, W in. A . Read, Cornelius V a n d er
bilt, N ew Y o rk ; E. P. B ryan, Yonkers, and .a ro in er M L a n e. Boston.
Presiden t. A u gu st Belm ont; S ecretary. F red ’ k Evans; Treasu rer.
John F. Buck. Office, 23 Nassau St., N. Y . ^V. 75, p. Is 4 , 289, 394,
441, 549.)
I n t e r n a t i o n a l B r i d g e Sc T r a m w a y C o . —V. 75, p. 549.
I n t e r n a t i o n a l & O r e a t N o r t h e r n R R . (See M ap M is so u ri P a
c if ic ).-" L o n g v ie w on T e x .& Pac. (near S hreveport, La.,) sou th w esterly
to H ouston and G alveston, also to Laredo, T ex ., on M ex. N a tio n a l R R .
Lines owned—
M iles. I Joint, trackage—
Miles.
L o n g view , T ex ., to L a re d o ,— 494 |G a lveston H ouston & Hen.
P a lestin e to Houston, T e x ...... 150 I (jo in tly w ith M. K . & T ) ....... 50
M in e o la ,
Columbia,
etc.,
|O ther lin e s ................................ 26
b ra n ch es..................................102 1
---It a ly to Spring...........................230 | T o ta l system Oct. 1,1 902.. 1,052
Org anizatio n .—R eorgan ized w ith ou t foreclosu re in 1892 under plan
in V. 54, p. 203, 366. Stock authorized is $25,000,000; outstanding,
$9,755,000; par, $100; controlled in in terest o f Mo. Pac. On M ay 1,
1901, the C a lve rt Waco & Brazos V. R y., in operation from M arlin to
Bryan, 66 m iles, w as m erged, and w as extended from M arlin north to
Ft. W orth ^almost com pleted in Ju ly, 1902,) and from B ryan south to
Spring, 22 m iles north o f Hounton (com p leted ), m aking through lin e
H ouston to Ft. W orth , 280 miles. V. 72, p. 872.
in M ay, 1902, an am endm ent to the ch a rter was filed p rovid in g fo r
o v e r 30u m iles o f extensions in clu ding N a va so ta to VVaxahachie, T ex .,
195 m.; N eelies to Coltharps, 43 in.; branch to D allas, 30 in.; r alestine
to Rusk, 30 m., and E ast C olu m bia^o Bay C ity, 25 m. V . 74, p 103s.
B o n d s .— The second m ortgage interest, scaled to 4*3 per cent, until and
inclu ding Sept. 1, 1897, is n ow 5 per cen t; but in case o f d efau lt the
rate reverts to 6 p. o. as form erly. V. 73. p. 445. in May", 1902, equ ip
m ent lease warrants, includ. Int., $317,055, p a yable m onthly to 1906.
E a r n in g s .—Jan. 1 to Sept. 30, gross, $3,486,189 in 1902; in 1901,
$3,485,262.
Y ea r.
Gross.
N et.
Other in c .
Charges.
B alan ce.
1901..... .$5,148,092
$1,21 %212 $11,956* $1,109,024 sur. $118,144
1,137,382
8,157 *1,103,546 eur.
36,993
1900...... 4,438,576
* Charges in 1900 above include about $97,28 2 equipm ent notes
paid oil; in 1900, $156,131.- ( V . 74, p. 151 2 6 7 ,3 7 9 ,8 2 9 .1 1 3 9 .)
I i i t e r o c e a n i c R y . o f U l e x l c o , U r n . —See pa ge 175.
I o w a C e n t r a l R y . —(See M a p ) —Operates Peoria, Lil., w est to Oskaloosa, la ., thence n orth erly to A lb e r t Lea, Minn., fo rm in g a through
M. & N. Ph ila., F id e lity Trust. M a y 1, 1926
F. & A . N. Y ., Farm. L. < Tr, Co. Feb. 1, 1908
fc
M.
M.
M.
M.
&
&
&
&
N. N .Y ., office, 195 B ’w ay.
S.
do
do
S.
See remarks.
N. N .Y ., office, 195 B ’w ay.
J. < J.
fc
M AS 15
J& D 15
M.
J.
M.
M.
&
<
fe
&
&
London.
do
London.
8. N. Y . office, 25 B road St.
D. N. Y ., M ercantile Tr. Co.
S.
N. St. L ou is & N e w York .
Boston.
J. & J.
A . & O.
J. & J.
J. & J.
J. & J.
J. & J.
A . & O.
J.10& J.
J. & J.
A . < O.
fe
A.
O.
See tex t.
Ph ila .,P en n .C o.for Ins.
N on e paid.
N .Y ., G u aran ty Tr. Co.
N. Y ., Contin. Trust Co.
Ph ila., F id e lity Tr. Co.
N .Y ., E rie R R ,
N. Y ., Farm . L. & T r. Co.
Ph ila., B road St. Sta.
do
do
N. Y .. Central Tr. Co.
N o v.
Sept.
Sept.
M ay
1,
1,
1,
1,
1919
1909
1921
1920
Mch. 31,1912
Sept. 15,1950
Sept. 15,1950
Sept. 15,1950
1950
J an. 1, 1984
Mar. 1 ,’0 0 ,l*s
June 1, 1938
M ar. 1, 1951
M ay 1, 1942
Ju ly 10, 1891
Ju ly
Oct.
Jan.
J u lv
Jan.
J u ly
Jan.
Ju ly
Ju ly
A p r.
A nr.
1,
1,
1,
1,
1,
1,
1,
10,
1,
1,
1.
i9 1 0
1925
1935
1939
1951
1927
1909
1907
1907
1930
1990
lin e v ia M in neapolis & St. Lou is R R . from P eo ria , 111., to St. Paul,.
M inn.
Leases— (stock owned.)
M iles.
Owns—
Miles.
Ia. C. & W ., Belm ond to A lgon a . 37
tow a June., 111., to N o rth wood.
Ia . (inc.Keith9burgBr.,2*3m .)351 T ra ck , Towa Junct’ n to P eoria. 3
Branches to Belm ond, etc........ 151 N orth w ood, Ia ., to A lb e r t Lea,
M in n ...................................... 14
T o ta l in earnings J u ly 1,1901
556
H is t o r y .—R eorga n iza tion (b y plan in V . 44, p. 653) o f the Central.
(o w a sold in foreclosu re in 1887-88. In June, 1900, M inneapolis & St.
Louis interests obtain ed control through purchase o f the com m on stock;
the tw o p roperties are operated in close connection.—V. 70, p. 1249.
Ca p it a l St o c k .—Th e p referred is en titled to 5 p er cen t (non-cumula tiv e ), then com m on to 5, then both share pro rata.— (V. 62, p. 548.)
D iv id e n d s .—On p referred stock in 1892 paid 1 p er cent; in 1899.
March, l ^ p . c.; 8ept., l*s p. c ; in 1900, March, 1*2 p. c. D ividends
w e re suspended in 1900, the surplus earnings to be applied to new
equipm ent, etc. V . 71, p. 258, 342.
B onds . T h e refu n din g 4s o f 1901 are secured b y a m o rtg a g e on the
en tire p rop erty n ow own^d or h erea fter acquired, subject to the $7,^50,000 first 5s, fo r w hich an equ al am ount is r e s e r v e d In 1901
$2,000,000 w ere issued to retire the $555,000 Io w a Central & W estern
5s and the $591,000 K eith sb^rg B rid ge 6s (the la tte r ca lled fo r p a y
m ent on Deo. 1, 1901,) and fo r Im provem en ts and equipm ent. The
balance are issuable fo r future extension s at n ot exoeed m g $25,000
p e r m ile, im provem ents, equipm ent. V. 73, p. 901
E a r n in g s .—11 months, > 1901-2. ..G ross, $2,336,017; net, $443,878
J u ly 1 to M a y 31.
$ 1900-1 .Gross, 2,108,002; net, 393,602
A n n u a l R e p o r t .— Fiscal y e a r ends June 30; rep ort fo r 1900-01 was
in V. 73, p. 1206,1217. S oft coal tonnage in year 1900-01 w as 666,578
(40 p. c. o f to ta l ton n age). Ton-m ile ra te in 1900-01 was 0*709 cents,
again st 0*696 cents in 1899-00; tra in load 1900-01 226 tons.
Y ear en d in g J u n e 30.
1901.
1900.
1899.
1898.
A v ’ ge m iles o f road oper.
506
513
509
509
Gross earn in gs................ $2,284,123 $2,325,919 $2,120,575 $1,868,349
551,459
5 5 9 r i9
531,541
3Iet earnings (o ver ta xes)
387,514
566,780
574,694
543.318
Uot. net rec’ts (incl.rents)
438,757
397,701
389,780
377,589
In terest, rentals,
........
431,709
cr. 2,586 cr. 1,697
In t. acet. 1. C. & W. R y ...................... c r . 6,895
..........................
13
61,948
M iscellaneous ................
. (3) 170,024 (1*2)85,005
...........
D ivid en d s on p r e fe rre d .
Balance, surplus.......
$7,049
$5,950 $102,482 $105,478
P resid en t (Ju ly, 1902), E d w in H a w le y .— (V. 74, p. 936.)
I o w a Sc S t . L o u t * R R . —N o vin ger, M o., n orth erly to C en terville,
I a , 38 mil* s, co m p leted Ju ly. 1902; under construction from N o v in
g e r south to M acon, Mo.; to ta l to be about 100 miles. Th e Io w a &
M issouri R R . w as in corp ora ted by th e same in terests to exten d the
lin e from M acon sou th easterly to St. Louis. Stock authorized, $909,
000; par o f shares, $100; outstanding Jan. 1, 1902, $50,000. Bonds
are iss table at $20/»00 per m ile o f road com pleted and equipped and
subject to call at 107, b egin n in g M ay. 1907, w hen d raw n b y lot.
President, H. F. Reddig; S ecretary, H . H Kendrick. Office, Kansas
C ity, Mo. (V 73, p. 1010; V. 74, p. 1196; V . 75, p. 134.)
J a c k s o n v i l l e Sc ? t . L o u i s R y . —In June 1902, the Chicago Bur
lin gton & Q ujncy acquired p ra ctica lly all securities.-- (V . 74, p. 1308.)
J a c k s o n v i l l e A S o u t l i w e s t e r n R R . —Ja ck so n ville to N ew b erry
Fla., 88 m iles, operated Ju ly, 1900; extension , N ew b erry to M anatee
Springs, Suwanee R iv e r, 20 m iles, under construction A p r., 1901. In
Ju ly, 1899, bonds had been taken b y officials and im m ediate friends.
V. 69, p. 80. Bonds reported to be outstanding, $300,000 first and
$200,000 second 6s, due J u ly 1, 1911, M ichigan Tru st Co. o f Grand
Hapids, MJph., Trustee. Y e a r ending June 30, 1901 (86 m iles), gross,
$146,7o6 r net, $37,086. Presiden t, J. M. Barnett, G rand Rapids,
Mich.; Sec., A . G. Cummer, Jackson ville, F la .— (V . 70, p. 1195).
J a c k s o n v i l l e T e r m i n a l R y . —Owns union fr e ig h t and passener depots [the la tte r opened Feb. l t 1895,] and term in a l properties at
aekson ville, F la., in clu ding 20 m iles o f track, used by Savannah
F lo rid a < W estern, Seaboard A ir Line, Jackson ville St. A u gu stine &
fe
In dian R iv e r (now F lo rid a E ast Coast R y .), which companies guaran
tee b y endorsem ent the principal and in terest o f above bonds, and
ow n the en tire stock, and A tlan tic V aldosta & W estern Ry. V. 71, p. 135.
F o r y e a r 1900-01, gross, $108,540; net, $11,847; other incom e, $29,988;
deductions, $35,239. (V . 71, p. 135.)
J a m e s t o w n C h a u t a u q u a Sc L a k e E r i e R y . —Jamestown,
N. Y ., to Chautauqua, 26*2 m ile s; brauch to Falconer, 3*3 miles;
extension, M ayvU le to W estfield, 11 miles, was com pleted in June.
1902; total, 41 miles. In corporated in Sept., 1900, and purchased
the stock and about 95 per cen t o f the $250,000 bonds (5s) of the
Jam estow n & Lake E rie Ry. and en tire stock o f Chautauqua Steam
boat Co., op era tin g 11 steamers on Chautauqua Lake. Stock, $600,000.
all common. C om bined earnings o f properties fo r yea r ending Dec,
31, 1900, w ere: Gross, $116,478; net, $34,795; int. and taxes, $19,689; bal., sur.. *15,106. R ailroad earuings alone were: gross, $57,694; net, $15,377. F o r v e a r ending Dec 31,1901, R R . earuings were:
gross, $66,422; net, $17,984.—(V. 72, p. 338).
J e H e r s o n R R . —Owns Lanesboro, Pa., to TJarbondale, Pa., 37
miles double tra c k ; branch, H a w ley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetu ity to the E rie R R . Co. fo r $140,000 per
f
U
S
t*
Provo
Helena
Alpha
Tehama
Reno
Tintic
Quincy
VbThistle J'c.
Austin
.Greeri River
IS L A N D
Leadville
CARSON CITY
KANSAS
U IO
N N
TOPEKA
^TJunc.!
SACRAMENTO
Marysvale
Frisco
jok-tOU
Lathrop
Holden
Colorado Sprs
\ Pueblo
runnison
S T . LOU IS
La Junta
Creede
"oCandelaria
A TCJ
-Dodge Cy,
AlamoSff
Merced
Durango
Santmi
>«3)»!
Lake City
'Antonito
-AtWAXlT
RAILROAD STOCKS AND BONDS.
J syrq n
rC H E R p K
iMonett-
* Texline
Cochran J e \ R akerSfleld
\
X S V M o ja ve
Seligman
The Needl^!
Dos Olive;
Holbrook
’Fulton
Prescott
Barstow ATC
H
Santa Barbig|||^^Los
Redondo BeachV’
A
^ / L s a n t ^ fe
Coolidge
L c im A ^ ^ L a s \
pi
A. & p>j, Jy'Albuquerque
|
Socorro
(Magdalena cr
Amarillo"
SVashbur
^
Quauah
Carthage
MeAllester
Globe
Vernon
Crocker
National Ci
Henrietta"
Gainesyille/
Maricopa
Rincon
Tucson
Benson.
Ft. W orth1
'
NogaleS/
PecosV
GL
- -
p lllll Magdalene*
. '(tjo.C aiienie >
r\ ■
o
v:
■m
scu:
he.rnu
aris
v° Arkansas C av"
V T t \arkana
SWEETWATER
Lordsbur
——"At*"
Sierra Blanca
X Marfa
Dallas
pacA
Tyler
'Ion roe
Hillsboro
Gates V
Corsicana
v 5 hPalestine
<>
?\
Temple"
■ 3 V iL a g u n a l
3
Hermosillol
AUSTIN
earno
Lufkin
...
Ciudad jp,
Povflrio Diaj/w*
Sabinas
\
19C2.]
M AP OF TH E
K A N S A S C IT Y , ^
M EXIC O & O R IE N T
R A I L W A Y & CONNECTIONS
Shortest Line from Kansas City to Pacific Ocean,
/%• oHondo'
mime/.
Escalon
p Mouclova
L a m p a zo s/ y
revino
/
Bermejillo
Monterey
i
|
'\\iexan,;
\MilaiL
T..■juries / ■
>
SpofFord
O cto ber,
Y tTTLE ROCK
Mend
Roswell
PHCENIX
HOUSTON
A rt Arthur T "
EATON
ROUGE
INVESTORS*
76
[V ol . L X X V .
SUPPLEMENT,
Bonds—P rin ci
IN T E R E S T OR D IV ID E N D S .
Miles Date Size, or
pal,When Due,
Am ount
xplanation o f column headings, &o., see notes
of
of
Par
R ate per When Where Payable, and by Stocks—Last
on first page o f tables.
Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend.
R A IL R O A D S .
Kan. C. Belt— 1st ($534,000 gu. K.C.F.8.& M .).N B .c *
K an. City Clin. if Spring.—1st M., g., g u a r.M B ..o *
Pleasant H ill & De Soto 1st m ortgage, gold. IVB .
K a n . C ity F t . S co tt & M e m p h is i t y . —Com. stock
Pref. stock $15,000,000, trust otfs., gu.,4% (text)
Ref. M., $€0,000,000, g., gu.p.& i.en d.x.M e.c’'&r..
10
174
K. C. F. 8. & G. 1st M „ I’ d. gr.,s. f., dr’n at 110.c*
Ft. Scott So’eastem & M.. 1st M., dr’ w n at 105.C*
Memphis K. & Col. I s t M .................................... c*
Kansas & Missouri R R . 1st m ortgage................n*
K . C. F. S. & M. R R con. M .($25,000 p .m .)N B .o '
Current R iv. R R. 1st M., $20,000 p. m., guar. N B
Kan. C.& M .R ’y & B ’dgelstM .g.,s.f.,dr’ n a t ll0 . o *
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
Ft. Scott Equip. Co , 1st M., call at p a r ..............
Ozark Equip. Co.1st M.,gu.,$l ,000,000, call at par
K. C. Mem. & B ir gen.M .,$4,500,000, o u r.O B .c*
Inc., non-cum. To be stamped—see t e x t.O B .o *
Birmingham equipment M.,g.,gu. (red. at 110)..o*
Memphis Equipment Co., guar., red. at 110...... o*
K an. O ily Mex. if: Orient—1st M., g., $22,500 p. m..
K an. Oily Northw.—1st M .,pf.,“ A ” g .,red a t 105.M e
Kansas City Southern—Stock, com., $30,000,000.
P ref. sto ck ,4 p er cent, non-cum., $21,000,000...
1st m ortgage, gold, $30,000,0o0..............M e ..c *
Equipm ent trusts, June 30,1901.........................
160
103
50
26
719
81
3
U nderlying B onds
767
--.
286
286
__
....
....
1886
1885
1877
$1,000
$2,050,000
1,000
3,192,000
500
58,000
100
15,000,000 A ll
_
100
13,510,000
1901 1.000&C 12,507,500
6
5 g.
7 g.
owne
4 g.
4 g.
1879
1880
1884
1882
1888
1887
1889
1889
1899
1900
1894
1894
1888
1890
1900
1894
100 &0.
2,151,600
7
1,000
a571,000
7
1,000
492,000
7
1,000
390,000
5
1,000
13,736,000
6
1,000
1,606,000
5
1,000 h3,000,000
5 g.
1,000
C761.000
5
233,000
6
1,000
834,000
1,000
5
4
500 &0.
3,323,390
500 &o. x5,923,280
5
1,000
913,000
6 g.
1,000
6
d l 89,000
(1)
See text.
1,023,500
500 &c.
5 g.
29,993,500 | T o be h
....
21,000,000
30,000,000
1900
1,000
3 g.
(1)
J. & J. Boston, Of., 50 State St. July 1, 1916
A. & O. Boston, Old Colony Tr. Oot. 1, 1925
A. & 0.
do
do
Oct., 1907
d b y St. St. Louis & San F. RR.
N. Y. Merc. Trust Co. Oct. 1 ,’ 02, 1%
Q .-J .
A. & 0.
do
do
Oct. 1, 1936
J.
M.
M.
F.
M.
A.
A.
J.
J.
M.
M.
&
&
&
&
&
&
&
&
&
&
&
D.
8.
S.
A.
N.
O.
O.
J.
J.
N.
8.
Boston, Old Colony Tr.
do
do
do
do
do
do
N. Y ., Merc. Tr. & Bost.
Boston, Old Colony Tr.
N .Y.,M er. Tr. Co. &Bos.
Boston, Old Col. Tr. Co
do
do
do
do
do
do
X
do
do
M. & S.
do
do
F. & A.
do
do
J. & J.
J. & J. N .Y . M ercantile Tr. Co.
eld in v otin g trust fo r 5 years.
A. & O. N. Y ., Merc. Trust Co.
June 1, 1908
Sept. 1, 1910
Sept. 1, 1910
Aug. 1, 1922
M ay 1, 1928
Oct. 1, 1927
Oct. 1, 1929
Jan. 1, 1905
July 1, 1909
M a y -N o v .l ’ 10
Mch. 1, 1934
Mch. 1, 1934
Mch. 1, 1903
Aug. 1, 1905
1950
Jan. 1, 1933
{
...........
Apr. 1, 1950
Includes (a) $484,000, (b) $138,f 00. (e ) $200,00 0, ( d ) $69,00 0, held a liv e in sinki ng fund.
x A ll except $538,500 are fixed-interest bonds; eoupo ns M& 8. V. 7 4, p. 829.
annum fo r main line and $14,940 fo r branch. Used b y D elaw are & H ud
son to reach Carbondale. Stock, $2,095,450; a ll owned b y E rie R R .
J o l i e t Ac N o r t h e r n I n d i a n a R B . —Owns Joliet, ILL, to Lake
Station, Ind., 45 miles. Operated as part o f the Michigan Central sys
tem. Road opened in 1854 and leased to the Michigan Central. Stock
($300,000, par $100) carries dividends o f 8 per cent per annum.
J u n c tio n R R . (P h ila d e lp h ia ).-—
Owns Belmont, Pa., to G ray’s
Ferry, Pa., about 4 miles. Leased fo r 50 years fro m March 1,
1899, to Phila. W ilm . & Balt.; lessee to pay fixed charges, keep road
in repair and pay bond interest and 6 per cent on stock.
Stock
$250,000; (par $50), now all held by Phil. W ilm. & Balt, and the Penn.,
—V. 68, p.428. D ividends —in 1891,40 p.c., in 1892, 35 p.c.. in 1893,
SO; 1894,15; in 1895, none; 1896,15 p. c.; 1897. 10 p.c.; 1898, 20 p. o.;
since 6 per cent y e a rly under lease.—(V. 68, p. 428.)
K a n a w h a Ac M i c h i g a n t t y .—(See M ap Toledo <f Ohio Central.)—
Owns Com ing, O., to Gauley on the Ches. & Ohio, 172 miles, less 17
m iles, Pom eroy to Gallipolis, and 1 m ile, Athens to A rm itage, where
M ock. Val. Ry. tracks are used. A lso owns branch o f 11 miles leased
to Toledo & Ohio Central and Col. Sandusky & H ocking Ry. companies.
H istory , E tc .—Reorganization in A p ril, 1890, o f the K anaw ha &
Ohio R a ilw a y sold in foreclosure. (Y . 50, p. 451, 483.) In Oct., 1890,
a large interest in the stock was acquired b y the Toledo & Ohio Central,
which has guaranteed the bonds, principal and Interest. (See V. 52, p.
165, 351.) Capital stock $10,000,000 ($1,000,000 in treasu ry July,
1902). The first m ortgage bonds are lim ited on ly to $15,000 per m ile
o f road constructed. June 30, 1902, car tru st notes, $1,617,909;
special equipm ent and betterm ent loan, $575,000.
L atest E arns.—2 m os.,) 1902. ..Gross, $121,899; op. def., $11,743
July 1 to Aug. 31.
s 1901. Gross, 166,654;
net, 39,755
Def. under 2 mos. chges., $35,927 in 1902, agst. sur. $19,150 in 1901.
A nnual Statement .—R ep ort fo r year 1901-2, in V. 75,'p.728, showed:
Gross, $1,096,3r>9; net, $244,155; other income. $7,148; int., taxes, etc.,
174,948; balance, surplus, $76,355. In 1900-01,gross, $924,624; net,
227,300.—(V. 74, p 267,1089; Y . 75, p. 666, 7 2 8 .)
K a n s a s C i t y B e a t r i c e Ac W e s t e r n R B . —T o extend from
B eatrice to Grand Island, etc.. Nebraska, about 100 miles. In Aug.,
1902, made a m ortgage to the Union Trust Co. o f Philadelphia, as
trustee, to secure $50o,000 bonds. V. 75, p. 289.
President, J. E. Smith, Beatrice; 1st V . Pres., W. S. Lam bert, P h ila
delphia; 2d V. Pres., S. C. Smith, Beatrice; Treasurer, J. R. Kaucher,
Philadelphia; Secretary, O. J. Collman, Beatrice.— (V. 75, p. 289.)
K a n s a s C i t y B e l t R y . —From A rgentin e to V a lley o f Blue R iver, 10
miles.
Stock authorized $2,500,000 (par, $100);
outstanding
8500,000 (par, $100);
owned one-half by Atchison Topeka
A Santa F e and three-tenths by Kansas City F o rt Scott & Mem
phis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked
and used for a term inal road at Kansas City, being leased fo r 99 years
from 1888 to C. M. & St. Paul and Atchison Top. & S. F e (Jointly w ith
other companies) fo r paym ent in each case o f 3 p. o. per annum o f
cost o f property used w ith equal proportion o f cost o f conducting
transportation and maintenance according to wheelage. The m ort
ga ge is fo r $2,500,000. F o r year ending June 30,1902, gross, $346.140; net, $191,413; interest, taxes, etc., $155,043; bal., sur., $36,370.
K a n s a s C it y C l i n t o n Ac S p r i n g f i e l d R y . —Owns from Cedar
Junction, Kan., to Ash Grove, Mo., 164miles; Arcadia, Kan., to Suringfield. Mo . 85 miles (acquired S e p t , 1901, from Kansas City F o rt Scott
A ’Memphis R R .); branch to Pleasanl H ill, Mo., 10 m iles; total, 259
miles. Stock, $1,775,400. Bonds w ere guaranteed by the K. C. Ft.
Scott * Mem RR. (old co.) For year endiug Juno 30, 1901 (164 miles),
ross, $351,584; net, $130,351; total deductions. $181,485: bal., def.,
45,134. Pres., H. 8. Priest, St. Louis, Mo.—(V. 73, p. 184, 236, 723.)
K a n s a s C i t y F o r t S co tt Ac M e m p h i s R y . (See May o f St.
L o u is < San Francisco Ita ilroa d C om pany.)—Owns road ex
£
tending from Kansas City, Mo., to Memphis, Tenn., and branches,
767 miles. Uses as traokage 85 miles from Arcadia to Springfield,
M o , which was sold in Sept., 1901. by the K. C. Ft. 8. & Mem RR.
(old co.) to K . o. ClintOD & Springfield Ry. (whioh see above). A lso
has a controlling interest in stock o f the K . C. Mem. & Birm. RR.,
owning line from Memphis, Tenn., to Birmingham, A la , with branch,
296 m iles,and o f the Kansas City & Memphis Ry. & Bridge Co., owning
bridge across Mississippi R iv e r at Memphis, 3 "miles. Total operated,
1,141 miles. Also to construct connecting line from Jacques Jet.,K an.,
to the St. Louis & San Francisco RR. at Oswego. Kan., about 24 miles.
Or g a n iz a t io n .—Incorporated on June 14, 1901, and is vested w ith
the property form erly the Kansas C ity Ft. S. & Mem. R a ilroa d other
than the 85 miles from A rcadia to Springfield,but not the Kansas C ity
Clinton & Springfield, and controls other m ileage. V. 72, p. 1237.—See
V. 72, p.438, 532, 675, 988. The St. Louis A San Francisco RR. owns
the entire stock and leases the road, guaranteeing the bonds o f 1901,
principal and interest, and 4 p o. on preferred stock trust certificates.
Stock .—Common authorized, $45,000,000. The pref. stock is depos
ited in escrow and against it are issued trust certificates o f the St L. <
fc
San F. RR., the latter having the option to retire the certificates at any
tim e at par, and obligating itself to pay ofl the w hole issue in 20 years
from date, m eanwhile obligating its e lf to pay q u arterly dividends of
1 p. c. thereon, beginning Jan., 1902. See V. 72, p. 1238.
Bonds.—Th e refunding bonds or 1901 (limited to $60,000,000) are
{
f
to be seoured by all property now owned, or hereafter acquired with
the proceeds of the refuuding issue. Of the bonds, $11,650,000 were
subscribed fo r in June, 1901,. about $31,025,770 w ere reserved for
exchange against the face amount of underlying bonds, $3,000,000
fo r refunding purposes, $5,000,000 fo r im provem ents, betterments
and n ew equipm ent at the cum ulative rate o f $600,000 per annum,
and the residue, as w e ll as any bonds not used or required fo r refund
in g purposes, w ill be reserved fo r issue fo r additional lines and exten
sions, at not exceeding $22,500 per m ile thereof. A s to guaranty on
bonds o f 1901. see “ o rga n ization ” above. V. 75, p. 853.
In 1902 the K . (\ Ft. Scott & Mem. Ry. guaranteed the interest on all
except $538,500 o f the $3,923,280 Kansas C ity Mem. & Birm. income
bonds, beginning Mar. 1, the bonds so guaranteed being stamped w ith
a provision m aking them subject to call at any tim e w ithin 10 years
from Sept. 1,1902, at 95 and interest —V. 74, p. 477, 577.
R eport .—Th e earnings of the combined properties (including also
those o f the K . C. Clin. & Springfield Ry. not owned) w ere (la ter earn
ings are included w ith those o f St. L. & S. F .):
real—
Gross.
Net.
O th.tnc.
Charges.
Bat., sur.
1900 0 1 ... $8,840,857 $3,427,913 $77,087 $2,054,983 $1,450,017
From surplus as above w ere paid in 1900-01 div. on Kan. C. Ft. S.
& Mem. pref. (8 p. c.), $219,984; div. on common (4 p. c.), $395,920 ;
in t on K . C. M. & B. incomes (5 p.c.), $316,863; charged off, - 63,032;
t
lea vin g nal surplus o f $454,218. In 1899-00 $190,118 was paid on
Kan. C. M. & B. incomes, lea vin g a surplus o ver all o f $83,735.—(V. 73,
p. 1264; V . 74, p. 94, 205, 477, 577, 728, 936; V. 75, p. 134, 611.)
K a n s a s C it y M e m p h i s Ac B i r m i n g h a m R R . —See Kansas
C ity F o rt Scott < Memphis R y. above.—(V. 74, p. 477, 829, 611.)
fe
K a n s a s C i t y M e x i c o Ac O r i e n t R R . —(See M a p .)—Projected
to extend from Kansas City, Mo., to P o rt Stilw ell, Mex., on the Gulf
o f California, about 1,500 miles. In Sept., 1902. w ork was in prog
ress along the entire distance from Kansas City, Mo., to Sweetwater,
T e x , about 650 miles, o f w hich 30 m i’ e s fro m H arper, Kan., south,
w ere in operation, and about 200 miles in M exico, but o f the latter
about 100 miles east from Chihuahua completed, o f which 30 miles
were operated; traek-layingwas in progress in Kansas, Texas and M ex
ico, and it was expected the entire road would be completed within
three years. See Chronicle o f July 28,1900. The Chihuahua & Pac ,
com pleted from Chihuahua to Minaca, 125 m.,used as the southern
portion o f the line, under a ten-year trackage agreement, theconcessions fo r building the uncompleted portions o f the line (seeV . 71, p.
181) having been tran sferred to this company. V. 73, p. 662.
The Kansas C ity terminals, to cost about $2,000,000 w ith four tracks,
tw o fo r steam and tw o fo r electric traffic, and tw o bridges, w ill give
direct connection w ith practically every road entering the c ity except
the Chicago & A lton. The Kansas City Outer B elt & E lectric RR. was
incorporated on Ju ly 21, 1902, w ith $1,500,000 stock, o f which $500,000 is 4 p. c. non-cum. pref., to p rovid e the terminals. V. 75, p. 184.
Securities .—Th e company is to issue the fo llo w in g stock and bonds
to co ver each m ile o f com pleted road and equipment, viz.: $22,500,
first m ortgage 4 per cent g o ld bonds, running fifty rears from their
date, interest payable semi-annually (but probably incomes fo r the
first three years) and $20,000 per m ile each in common and non-cumu lative 4 per cent preferred stook, and in addition $2,500,000 bonds
fo r e x tra w ork in the Sierra M adre Mountains. President, A. E. Stilw e ll— (V. 73, p. 82, 662; V. 74, p. 1038, 1251; V. 75, p. 184, 666.)
K a n s a s C it y N o r t h w e s t e r n R R . —Road Kansas City to Vir
ginia, Neb., 162 miles, o f which Seneca to A x te ll, 11 miles, and South
Leavenw orth to Leavenw orth, 1 m ile, are trackage, and 20 miles,
Summerfield to Virginia, was fo rm erly the Kansas City & Beatrice.
Branches, 12 miles. Total, 174 miles. A reorganization o f the K. C.
W yandotte & N. W., foreclosed Jan. 5, 1894. V. 59, p. 152. Entire
stock, $4,016,000 (par $100), and $2,983,000 “ B” bonds w ere pur
chased in Novem ber, 1900, by Mo. Pac. Ry.
Bonds.—O f the $1,016,000 bonds, $900,000 are series " A , ” “ pre
ferred” as to principal and interest, and are redeemable at 105.
Earnings .—F or year ending June 30, 1901 (on 174 miles) gross
$426,877; net, $109,591; other income, $1,441; deductions, $78,636;
balance, surp , $32,396. In 1899-0, gross, $415,709 —(V. 71, p. 1120.)
K a n s a s C i t y S o u t h e r n R y . —(See M a p .)—Operates a line ex
tending from Kansas City, Mo., to P o rt Arthur, Tex., (thence by it*
ship canal 7 miles to deep w a ter on the Gulf o f M exico), w ith branches
and extensive terminals used by various roads entering Kansas City.
L in es owned—
Miles. I L in es owned—
Miles.
Kansas City, Mo., to B e lt J e t.. 12 |Branches to F o rt Smith, De
Grand View', Mo., to P o rt A rI Q.iincy, La., e tc ................... 45
thur, T e x ................................ 765 | Trackage—To G Fd V iew , Mo. 11
T o ta l...................... ......................................................................... 833
O r g a n iz a t io n .—A reorganization o f the Kansas C ity Pittsburg *
Gulf RR., foreclosed Mar. 19, 1900, per plan V. 69, p. 1012,1062.
In Oct., 1900, control beoame vested in the H arrim an syndicate.—V
71, p. 913, 963. Geo. J. Gould is Vice-President. Clear title to the
Kansas C ity Suburban B elt and other term inal properties was ac
quired in Deo., 1901 and Jan., 1902. V. 73. p. 1356; V. 74, p. 94.
Voting T rust .—By modified plan both classes o f stock w ill be vested
for five years in the follow in g vo tin g trustees: E. H. Harriman, Geo.
J. Gould, Otto H . Kahn, John W. Gates. Herman Sieloken, Louis Fit*gerald and James Stillman. The vo tin g trustees may, in their dis
cretion, deliver the stock a t an earlier date.
L atest E arnings .—11 ) 1901-2.Gross, $5,096,715; net, $1,623,204
mos., July 1 to M ay 31. ( 1900-1.Gross, 4,484,586; net 1,217,514
R A IL R O A D
October, 1902.]
STOCKS
AND
BONDS,
jL P a u l
-------- _
7 7
Marslifi
MAP OF THE
KANSAS CITY SOUTHERN
RAILWAY.
AJUny
Weathferforfl
'\A L u fk l,X /
>1
T rin ity 1
v
Temple p
Ca m&ron
5
Itockjnnd ^
Heiuno
\
m I J iL ,,
kLA jt e CH AH LrA
AUdtiws
. ircTnjw!
Kernel Hr
Bronhojn
1
I i r*0fIj A *aI pftt m
. Smith vlik«
San An ton I o
'-
PAC
7K
^ fO R -f/ X B T H U R
-fe
Yoakum
lalvcston
<
#
Ksm tfy'
\
0
1
• i •
.
11/
X
^ \rA
k
*^3 fasgg -«.
<
*X
^ N ^ 5 ? . ___
Mortrnu City
^
i m■
.
■N Cw/ o (III AN';
A mi oiTi
A
/
IX
0
[V ol . L X X V .
INVESTORS’ SUPPLEMENT
78
S u b s c r ib e r s w i l l c o n fe r a g r e a t f a v o r by g i v i n g I m m e d ia t e n otice o f a n y e r r o r d is c o v e r e d in these T a b le s .
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D a te Size, or
pal, W hen Due.
A m ou nt
of
Par
of
F o r ex p la n a tio n o f column headings, &c., see notes
R a te per W hen W here Payable, and by Stocks—L a st
Road. Bonds Value. O utstanding
on first pa ge o f tables.
P ayable
Cent.
Whom.
D ividend.
R A IL R O A D S .
Kansas City SI. Joseph d C o u n c il B lu ffs .—See Ch ic . B u r l . & Q ui NCY.
Kan. City Suburban Belt—See K a n sa s Ci t y So u t h e r n R Y.
K entucky C entral— See L o u is v il l e & N a s h v il l e .
........*
Ken d I. B r. d R R . -K . & I. B. 1st M .,g , assu m ed..
.. .. 1881
1,000,000
Lou isville.
5 g. M. & S.
.. .. 1900
1,000
1st consol, m ortgage, $2,500,000, g o ld ......... S.o*
1,069,000
4 g A. & o N. Y . ,Sta udardTrust C o.
162
.. ..
100
K eokuk d Des Moines—P referred stock, 8 p er cent
1,524,600 See text. See te x t N Y ., Office, 13 Wm. St.
162 1878 100 &o.
1st m ortgage, interest guar. 0. R. I. < P .............c*
fc
2,750,000
A. A o.
5
do
do
1,000
K e o k v k & H a m ilton B rid ge— 1st m o rtg ag e ........c
.. .. 1869
1,000,000
A. &
62 Cedar St. A s earned.
8
1,000
Kewaunee Green Bay & Western—1st m ortgage. F .c
.. .. 1891
378,000
5
J. & D. N Y ., Office 40 W all St.
K ingston & Pembroke—1st M .f g o l d .........................
113 1882
1,000
572,000
3 g. J. & J. N. Y ., 45 B roadw ay.
Knoxv. d Ohio—1st M., gold, guar, b y rent.Ce.c*<ter
69 1885
1,000
2,000,000
fc
6 g- J. & J. N .Y ., J. P. M organ < Co.
1901
A.
L a k e Erxe A llia n ce d W heeling— 1st M., $2,000,000
1,300,000
5
F.
L a k e E r i e & W e stern —Com. stock, $20,000 p. m.
725
100
11,840,000
P r e f. stock, 6 per cent (not cum.) ($20,000 p.~in.). 725
100
.. ..
11,840,000 4 in 1902 J. & J. N. Y . Office, Gr. Cen. Sta.
725 1887
1,000
1st mortgage, ($10,000 per mile) g o ld ........€ e .c *
7,250,000
5 g. J. & J. N. Y ., Chase N at. Bank.
2d m ort., fo r $3,625,000 ($5,000 p. m.) g o ld .C e.c
725 1891
1,000
3,625,000
do
do
5 g. J. & J.
L a k e S h o re & M ic h ig a n S o u th e r n —S to c k .......
100 z49,466,500 7 in 1902 J. A J. N .Y .,G ran d Cent. S tat’n
. . . n .. . .
Guar. 10 per cen t stock (Mich. So. & No. In d.) ...
.. . .
.. ..
100
533,500
10
F. & A.
do
do
859 1873
Consol. 2d mort.
do
........................... c&r
1,000
6.120,000
7
J. & D.
f
M o rtga g e, $50,000,000, g o ld .tJ s ............... c*<fcr 1,000 1897 l,000<fcc 43,820,000
fc
Coupons at Grand |
3 ^ g. J. < D.
D etro it M onroe & T oled o 1st m ortgage, guar., c
55 1876
1,000
F. & A.
924,000
7
Cent. Sta’n, N. Y . j
K alam azo & W h ite P ig eon 1st m ort.. g u a r .U n ..c
37 1890
1,000
400,000
5
J. & J.
R egistered in t’st on 1
41 1889
Bat. Cr. < Stur. 1st M., g.,gu ar. p.<& i.(see M.Cen.)
fc
1,000
79,000
2ds by Un. Trust; ]
3 g. J. & D.
36 1889
Sturgis Goshen & St. L. 1st m ort., g., p. & i. guar.
322,000
on n ew 3^8 b y
3 g. J. & D.
K al. A lleg a n < Gr. Rapids stock, ren ta l g u a r.......
fe
100
58
....
610,000
5*95
A. & O.
U. 8. Trust, N. Y . |
1st m ortgage, guaranteed. L n ......................... c
58 1888
1,000
840,000
5
J. & J.
l
E rie & K alam azoo (l’sed) st’k, Toledo to P a lm y ra
26
50
—
300,000
10
F. & A . N .Y .,T reas., 24 Thomas.
o
Maroh, 1911
A pr. 1, 1950
Sent. 1,’01,1%
Oct. 1, 1923
A p ril 1, 1899
June 1, 1921
Jan. 1, 1912
Ju ly 1, 1925
July 15,’02,2%
Jan. 1, 1937
July 1, 1941
July 29,’02,31
*
A u g. 1 ,’02, 5%
Deo. 1, 1903
June 1, 1997
Aug. 1, 1906
Jan. 1, 1940
Dec. 1, 1989
Deo. 1, 1989
Oct., 1902
July 1, 1938
A u g., 1902,5%
z N. Y . C entral holds $45,289,200 o f this.
^ F o r 6 mos. ending Dec. 31, 1901, n et o v e r taxes, $807,037, against
$515,645 in 1900; Kansas C ity Suburban B elt, net results, $77,905;
fix e d charges, $396,874; bal., sur., $488,068.
R e p o rt to r y e a r en d in g June 30, 1901, in V. 73, p. 1310, on 833
m iles, n ot inclu ding the K an. C ity Suburban B e lt R R . o r a llied
p ro p e rties, showed:
Tear.
Gross.
N et
Taxes.
Charges. B a l., sur.
1900-01......... $4,753,066 $1,384,186 $114,600 $790;902 $478,683
1899-00.......... 4,118,763
792,749
...........
...............
T h e n e t earnings in 1900-01 o f the Kansas C ity Suburban B e lt R R .,
op era ted s e p a r a te ^ bu t accruing to th e K ansas C ity Southern, w ere
$183,813; to ta l, $662,496.
Directors . -P re s ., Stuart R. K n o tt; Y ice-P res., G. J. Gould; »T.
W . G ates, John L a m b ert, o f Chicago; E d w a rd H . H a rrim a n , O tto H .
K ah n , E d w in Gould, Lau ren ce G reer, H P. W ertheim and H erm an
S ie lc k e n o f N ew Y o k; John J. M itch ell, o f Chicago; Julius S. Walsh,
H . C. P ierce, o f St. Lou is.— (V. 73, p .6 1 6 ,7 2 3 , 1 2 0 6 , 1207, 131< ,
1356; V . 74, p. 94, 577, 630, 680.)
K a n s a s C i t y P i t t s b u r g & G u l f R R . —See K . C. Southern R y.
K a n s a s C i t y St. Joseph* & C o u n c i l B l u f f s R R . —In 1900
absorbed b y Chicago B u rlin g to n < Q u incv.— (V. 70, p. 1048.)
fc
St. L o u i s I r o n M l. & S o u t l i . R y . — See Mo. P ac . R y . System .
K e n t u c k y & I n d i a n a B r i d g e & R a i l r o a d C o . —Owns steel
c a n tile v e r bridge o v e r the Ohio R iv e r at L o u is ville and 5 m iles o f ra il
road betw een L o u isville, K y ., and N e w A lb a n y , Ind., and 5 m iles o f
belt lin e in L o u is v ille ; also ow ns Louis. & N ew A lb a n y F e rry Co.
Successor Jan. 31,1900, to K en tu cky & In d ia n a Bridge Co., purchased
in foreclosu re subject to the $ i ,000,000 first m ortgage. The Southern
R y., Balt. & Ohio Southw estern (B. & O.) and Chicago In dian ap olis
& L o u is v ille own the £75,000 ca p ita l stock, and p a y m onthly, in pro
p o rtio n to cars handled, any deficit in operations. O f the $2,500,000
firs t consol. 4s, $ i ,000,000 w ere reserved to re tire the old 5s at ma
tu rity and $500,000 fo r im provem ents and betterm ents. Y . 71 p. 492.
E arnings .—F o r y e a r ending D^c. 31, 1899, gross, $278,610; net,
$120,885. President. W. H. M cD oel; Sec. and Treas., H. v. H ea ziitt,
Gen. M gr., B. S. Josselyn.— (V. 70, p. 1249; V . 71, p. 29, 287, 342.)
K e n t u c k y W e s t e r n R y . — (V . 73, p. 9 5 7, 1264; V. 74, p. 94, 775.)
K e o k u k & R e s M o i n e s R y . —O w ns from Keoku k, la ., to Des
M oines, la., 162 miles. Leased fo r 45 years from O ctober 1,1878, to
the Chicago R o ck Islan d & P a cific R a ilw a y , the lessee to pay 25 per
cen t o f the gross earnings, but guarantees the in terest (n ot the prino ip a l) on the bonds. Stock is $1,524,600 8 p er cen t p referred and $2,600,400 comm on (p a r $100), a m a jo rity o f w hich is held by the lessee.
D ivid end s .— ) 1893. 1894. 1895. '96 t o ’98. 18^9.
1900. ’01.
On p ref. p. c. $ 2*4 95 cts. 90 cts.
None.
50 cts. 50 cts.
1.
R en ta l: In 1895-6, $139,521; in 1896-7, $137,500; in 1897-98, $144,
855; in 1898-9, $144,875; in 1899-00, $159,068.— (V. 68, p. 772.)
K e o k u k & H a m i l t o n B r i d g e C o . —Owns b rid ge across M is
sissippi R iv e r at K eokuk, la., fo r railroads and fo o t passengers. Th e
p ro p e rty w as o rig in a lly leased to fou r com panies, but o n ly tw o com
panies n ow use it these bein g the Toledo P eo ria & W este» n and the
Wabash R ega rd in g gu aran ty see V. 59, p. 969. On ju d gm en t o f
1889 $203,000 has been collected; on ju d g m en t o f 1894. $142,000;
in A p r , 1901, $142,000 was awarded. V . '2 , p. 821. Stock, $1,000,000; par, $100. Coupons are in d efau lt but m o rtgage has n ever been
foreclosed, and p a rt o f overdue in terest is paid as earnings perm it.
L a s t coupon paid w as No. 40, due A p r. 1.1889.
E A R N iN G 8 .-Y ea r ending .June 30, 1901, gross, $32,612; net, $19,548; tota l deductions, $22,480; bal., del., $2,932. In 1899-0, gross.
35,768; net, $22,z79.
President, Andrew’ Carnegie; Treas., Theoore G ilm an, 62 Cedar 8t., N. Y .— (V. 71. p. 135; V . 72, p. 821.)
K e o k u k & W e s t e r n R R . —In 1899 acquired b y C. B & Q.
K in gsto n
P e m b r o k e R y . - O w n s from K in gsto n ,O n t.,C a n .,to
R en frew on the Can. Pac., 104 miles; branches, 9 m iles In 1899 was
reorganized per plan in V. 67, p. 274, by which $1,000,000 (par
$50) first pref. 5 p. c. non-cum. stock (V. 67, p. 1309; V. 68, p. 130)
and $150,000 second pref. 3 p. c. stock Issued, floatin g debt paid and
in terest on bonds reduced to 3 p. o. In A u g , 1901, the Canadian Pao.
Ry. purchased control ( V 73. p 445,1169.) Com. stock, $2,500,000; par
$50; issued, $2,250,000. F irst div. on 1st pref., 1 p. o., paid A p ril z,
1901.—V. 72, p. 480. Y e a r ending Dec. 31, 1901, gross, $164,286;
net, $23,993; int., $17,160; balance, surplus, $6,833.—(V . 68, p. 130,
927; V . 72, p. 338. 480; V. 73* p 445, 1160.)
K n o x v ille
B r i s t o l R R . —M orristow n, T e r n ., to C orryton via
T a te Springs (Bean Station), 40 m iles. Road when com pleted to e x
ten d from K n o x v ille via C orryton and Bean Station (in clu ding 29
m iles o f present lin e) to Bristol. 120 miles, w ith brauch Bean Station
to M orristow n (rem ainder o f present lin e). R eorganization o f M or
ristow n < Cum berland G ap R R sold under foreclosure in Feb., 1898.
fc
V. 66. p. 810. Stock authorized. $1,000,000 In A p r., 1898, made a
m o rtg a g e to secure b**nds to be issued a t $20,000 per m ile. President,
H en ry J Braker. 100 W illia m S treet, N ew Y ork ; Treas., J. B. Foster,
P ro v id e n c e , R. I . — (V. 66, p. 810.)
K n o x v i l l e & O U i o R R . —Owns K n o x v ille , T en n .,to Jelllco,Tenn .,
a n d branch, 69 miles. Stock, $1,122,200; par, $100. Southern Ry,
t
ow ns $1,118,300 o f the stock, o f w hich $1,111,300 is pledged under
its consolidated m ortgage o f 1894. E arnings not reported separately.
K o n a <fc K a u R y . , H a w a i i - Y . 75, p. 289.
L a k e E r i e A l l i a n c e & W h e e l i n g : K R . —Ph alan x, O., on the E rie
R R ., to D illo n v ille , 88 m iles; extension from B ergh olz to D illo n ville,
27 utiles, being com pleted in Oct., 1902. A consolidation o f the Ohio
R iv e r & Lake E ric and A llia n ce & N orth ern railroads. O w ned by
the M orris-G arfield syndicate.
(V 73. p 184.)
Stock authorized,
$2,000,000. Bonds, see tattle above. For yea r ending June 30, 1901,
gross earnings, $85,554; net, $21,306. President, C. Morris; YicePres i dent, John E. N e w e ll; S ecretary and Treasurer, J a n e s R. Gar
field, C leveland, O. Office, A llia n ce, O.— i Y. 73, p. 184, 784.)
Lake
E rie
<fc
W estern
R a i l r o a d . — R oad —Ow ns
San
dusky, O., to P e o i la, 111., 420 m iles, and branch to Minster, 10 m iles;
In dian apolis to M ich igan C ity, 162 miles; F o rt W ayne to Conners v ille
and branch to RushviUe, 133 miles; to ta l owned, 725 m iles, o f which
701 steel; leased from Oct. 1, 1895, the N orth ern Ohio R R ., A k ro n to
Delphos, 162 miles; to ta l operated, 887 m iles.
H isto ry , E tc .—F orm ed in 1887 a fte r foreclosu re o f the L a k e E rie
& W estern Railw ay. (See V. 50, p. 590.) In 1899, con trol passed to the
V anderbilts, and on Jan. i , 1901, the Lake Shore & M ichigan Southern
ow n ed $5,940,000 com m on and $5,930,0u0 p ref. stock. V. 71, p. 1269.
D iv . since ’ 89 J 1890 ’91 ’ 92 ’ 93 ’ 94 '95 ’ 96 ’ 97 ’98 ’ 99 ’00 ’01
’02.
on p ref.—
£ 4%
4 4% 5
5 5 5 5
5 0
2
4
4
D ividends suspended in 1899 on account o f advances to C levelan d &
N e w C astle R y., w ere resum ed in July, 1900.— V. 70, p. 1291.
B o n d s .—A bstract o f first m o rtg a g e in Y. 46, p. 45; o f 2d m o rtgage In
Y . 54, p. 444. G uarantees $2,500,000 5s N o rth ern Ohio, which see.
E arnings .—F o r 6 mos. en d in g June 30,1902 (p a rt’y estim ated):
6 mos.
Grohs.
Vet,
Charges. D iv .on pref. Balance.
1902 ............ $2,220,746 $575,970 $334,375 $236,800 sur. $4, <95
1901.............. 2,225,943 493,177
334,375
236,800 dcf.77,998
A nnual R eport .—A nn u al rep ort fo* 1901 w as in V. 74, p. 827.
Y ear end. Dec. 31.
190 L.
1900.
1899.
Gross earn in gs.... ........................ $4,533,204
$4,475,712 $3,787,301
N et (incl. other in co m e)................... 1,380,923
1,591,734 1,634,188
D edu ct ta x e s ...................................
206,983
197,335
195,879
lu terest on bon d s........................
543, 50
54 3,750
543,750
No. Ohio int. gu ar.........................
125,000
125,000
105,000
D iv id e n d s ....................................... (4)473,600 (4)473,600
.......
Balance, s u r p lu s .....................
$31,596
$252,04
$789,559
— (V. 72, p. 675, 8 1 9 , 1237; V . 73, p. 1 *6 < ; Y . 74, p. 8 2 7 .1 3 5 5 .)
L a k e S h o r e & M i c h i g a n S o u t h e r n R a i l w a y . —(See Map
N . Y. Central J—O perates from Buffalo to Chicago w ith branches. The
m ain lin e (540 m iles) includes 26 miles betw een Toledo and Palm yra,
Mich., under lease from the E rie & K alam azoo.
Road owned directly.
Miles.
Leased, [Tfsee this Go.]
M iles.
58
Buffalo, N. Y ., to Chicago, 111..540 K alam azoo A. & G. R ...........
Sundry branches.......................327 Jam estow n < F r a n k lin ........
fe
51
E n tire stock owned.
Central T ru n k ........................
5
D etroit < Chicago (see b e lo w ). 26 M ahoning Coal R R ................
fe
47
D etro it M onroe & T o le d o ........ 55 E rie < K alam azoo (26 m .)___ Text.
fc
Kalam azoo & W hite P ig e o n ... 37 D etro it H illsdale < 8. W . . . f
fe
65
Northern Central M ich iga n ___ 61 F o rt W ayne < Jackson.......IT
fr
98
Sturgis G. & St. L ...................... 36 E lk h a rt A W estern ................
11
G rand tot. oper. Jan. 1 ,’01.1,411
O f the main lin e 513 m iles has double track. B y control o f “ Niokel
Plate” the L ake Shore has still another line from Buffalo to Chicago.
O perates D unkirk A llegh en y V a il y < Pittsburg, Dunkirk, N. Y , to
fe
T itu sville, P a , 91 miles, since Oot 1, 1901, fo r account, o f N ew York
ComrHl —(V 73, p 663 ) In Feb., 1902, the *. 8. & Mich. 80., together
w ith the M ichigan Central, took o v e r the operation o f the D etroit
T oled o < M ilw aukee R R , A llega n to •>etioit, Mich , 200 < iles. V. 74,
fe
1
p. 379. As to contract w ith M ahoning Coal R y. fo r double-tracking
pa rt o f line, see V. 74, p. 680.
o r g a n iz a t io n , &c.
A consolidation on Aug. 16,1869. T h e N .Y . Ch. &
St. Louis (N ickel P la te) road has been controlled by ownership of
stock since 1882, L ake Shore now ow n in g $6,240,000 o f its common.
$6,275,000 o f its 2d preferred and $2,503,000 o f its 1st preferred stook.
The com pany also controls and leases the M ahoning Coal KR. [see Lake
8hore “ S ystem ” b elow ] and owns (besides the en tire stook or the pro
prietary lines) $3,050,000 Pittsbu rg < Lake Erie stock. N. Y. O. & H.
fe
R RR. in 1899 had acquired o v e r nine tenths o f the capital stock of
the Lake Sho e, as stated below.
In 1900 the com pany purchased $11,224,000 o f the $27,989,310
C leveland Cin < hie. & St Louis comm on stock and $^,940,000 o f the
$11,840,000 comm on and $5,930,000 o f the $11,840,000 Lake Erie <
fe
W estern preferred stock, bein g the en tire holdings o f the Vanderbilt
roans m these companies, the w hole at a cost o f $ L2,958,08 , o f whioh
$8,958,082 was paid from sin plus earniugs in 1899, 1900 and 1901,
le a v in g £4.000,000 to be paid from fu tu re earnings. V. 71, p. 1269;
V 72, p. 870.
In 1902 purchased $4,773,200 o f the $^,000,000 stook o f the
In d ia n a Illin o is & Io w a RR., op era tin g lin e from Seaton ville, 111., to
October , 1002 ]
ftAILKOAi) STOCKS AND JBOND8.
70
o o n a s - .princi
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
---------------------------------------------- ------------------1Miles Date
pal,When Due.
Slp a r°r 1 Amount
of
R ate per When Where Payable, andgby Stocks—Last
For explanation o f oolumn headings,&o., see notes1 o f
Whom.
Cent. Payable
on first page o f tables.
, Road. Bonds Value. Outstanding
Dividend.
43
Lake Shore System—M ahoning Ooal R R .—Stock—
43
Pref. stock, see t e x t ...............................................
43
1st M.,Youngs, to And., etc., guar. p.& i.(end).U n c
20
L.Sup dlshpem . Ry.—1st M.,$1,200,000 g .,s.f.F c
16
L.Tahoe Ry <■Tr. Vo.—1st M.,g.,$500,000 s.f.,beg.’05
£
3
Leavenworth Term inal Ry. < B ridge—1st M., g.Ce.
£
42
Lehigh <t Hud. Rive 1— lst'M .,g.,in t.red’o’ dto5p.o.Ce
63
2d mortgage, g o ld ...................................................
15
W arwick V a lley 1st mort., extended in 1900.Ce.
22
2d m o rtg a g e.C e............... ...................................
L .& Hud. R Gen.M. $3,000,000, g. (see text) Ce.o , 63
Lehigh <• New E n g l'd — 1st M .,$1,000,000, gold. F P
£
North’ton, 1st M., g., $300,000, gu., red. 105.F P c * ” 15
L e h ig h T a lle y —Stock ($106,300 is 10 p. c. p f.lG F
io i
1st m ortgage, o. and r., ext. in gold in 1898.. G P
2d m ortgage.......................................................... r 101
Consol, mort., ) coup. & reg., $4,762,000 4 ^ 8 .c*r
$40,000,000,5 annuity, $2,538,000 are 4 !2 8 .F P 461
Mtge. and Coll Trust, g .,e a lla t 10713.. . a p.c*&r
Coal purchase bond, 3 series (V. 74, p. 2 1 0 )......
Lehigh & N. Y., 1st M., g., guar. p. < i. M p._ .c*&r 117
fc
Leh. Val. of N .Y .,ls t M., g., gu .p .& i.(en d.)G Pc*& r 283
Leh. Val. Ter., 1st M .,gold,gu . p. & i., end.Ce.c*<fcr
31
Easton & A m boy,1st M.Easton to P.Am boy, gu...
60
Easton & No., Is tM ., gold, guar.byL.Val.GPc*<fcr
12
M iddlesex V alley, 1st mort., $600,000. gold.C e.c*
22
Penn. & N. Y . Can. & R R —1st m., en dors..
Consols (seetext) g u a ra n te e d p .& i.(e n d .).G P r
Elm ira Cortl’ d & No. 1st pref. m ort., g old ..C e.c* 119
1st M., gold, guar. p. & i. (en d .). C e ................... 119
C a n a.N o.lstM ., g.,gu.p.<fei.by E.C.&N. (V.66,p.82)
1884
1896
1901
1893
1881
1887
1879
1881
1890
1895
1902
1868
1870
1873
1873
1897
1901
1895
1890
1891
1880
1895
1892
1866
1888
1884
1884
1886
$1,500,000 10 in 02
661,850
5
1.500.000
5
645.000
6 g.
1.000
300.000
5 g.
600.000
1,000
5 g
1,000
800,000
5 g.
164.000
1,000
5 g.
145.000
4^
500 <feo.
240.000
500 &C.
6
1.124.000
1,000
5 g.
431.000
1.000
5 g.
1,000
300.000
5 g.
40,441,100
50
1,000 ! 5.000. 000
1,000
6.000. 000
7 8'
s
10,400,000 4 1 & 6
1,000
1,000
12, 6' '0.000 4*a & 6
7.900.000
1,000
5 g.
1.170.000
2, 000,000
1,000
4 g. M.
1,000 15.000. 000
4isg. J.
1,000 10.000. 000
5 g- A.
M.
6, 000,000
I 1,000
o
500 &c.
51.000
41
2g. M.
j 1,000
375.000
5 g. M.
1.500.000
J.
1,000
7
8.500.000 4, 4ig, 5 A.
I 1,000
750.000
1,000
6 g - A.
1,000
1.250.000
5 g. A.
300.000
6 g. J.
$50
50
1,000
1.00 1
N. Y ., Gr’ d Cent. Stat’n.
N. Y ., Union Trust Co.
do
do
N .Y .. Farm. L. & TT.Co.
San Fran. Merc. Tr. Co.
N. Y ., Central Trust Co.
] N. Y ., N a t’l Exch. f
J.
Bank, and F irst I
o
N a t i o n a l B a n k ,;
o
W arw ick, N. Y .
I
&
&
&
&
&
&
&
&
&
&
&
&
&
A.
J.
J.
J.
O,
&
&
&
&
&
D.
8.
D.
D.
N.
Reg.atoffice; cp.Bk.N.A.
Phila. Of., 228 So. 3d St.
R eg.at officejcp.Bk.N.A.
Phila.. Of.,228 So. 3d St.
Philadelphia.
&
&
&
&
&
&
&
&
&
&
&
S.
J.
O.
N.
N.
N.
D.
O.
O.
O.
J.
Phil.,Leh. Val. Of. & N. Y .
N.Y.,M erch.N. Bk.&Ph.
do
do
Phila., Of., 228 80.3d St.
do
do
N. Y ., Central Trust Co.
Phila., Bk. N. Am erica.
Phila., Lehigh Val. RR.
do
do
do
do
do
do
Phila.,927 Chestnut St.
do
do
A u g .l, ’02,3%
July, ’02,2*8%
July 1, 1934
Jan. 1, 1926
Oct. 1, 1931
Jan. 1, 1923
July 1, 1911
Ju ly 1, 1917
Ju ly 1, 1911
A pr. 1, 1912
July 1, 1920
Ju ly 1, 1945
Jan. 1, 19.c2
1893
June 1, 1948
Sept. 1, 1910
Dec. 1, 1923
Irredeem able.
M ay 1, 1997
Sept.
July
Oct.
M ay
N ov.
N ov.
June
Apr.
A pr.
A p r.
Ju ly
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1945
1940
1941
1920
1935
1942
1906
1939
1914
1914
1906
St Joseph, Mich., 306 miles. V. 73, p. 1356; V. 74, p. 41. In 1901 years; rental $14,250. F or year ending June 30, 1902, gross, $51,509;
purchased from surplus earnings $3.2,60,000 Leh igh V a lle y R R. stock net, $35,412; int. on bonds, $30,000; bal., sur., $5,412. Capital stock,
$600,000.— (V. t9, p. 494.)
a: a cost o f $1,920,000 V. 74, p. 878.
L e h i g h Ac H u d s o n R i v e r R y . —Owns from Greyeourt, on E rie
D iv id e n d s .—Sin c e ) ’ 89 ’ 90 ’ 91 ’ 92 ’93-97 ’ 98 ’99 ’ 00 1901 1902
RR., to Belvidere, N. J., on the Pennsylvania R R ., 63 miles, Proprietary
1888.
P. Ct. ( 5
5 6 ^ 6L3 6 y ’r ly 6 ^
7
7
7
7
The consol, m ortgage o f 1897 (U nited 8tates Trust Co., N; Y ., and lin e s ; Orange County R R . (entire stock owned—no bonds issued), Hud
son Junction toM ayhrook, N .Y.,on Cent.N.E.Ry. (Poughkeepsie Bridge),
John T. D ye of Indianapolis, Ind., trustees,) is fo r $50,000,000 of 3^
per cent gold bonds, tax free, authorized to retire the several issues of in clu ding trackage, a to ta l o f 13 miles; S. E. & P. R R „ Phillipsburg
7s maturing from 1898 to 1903 (see a b s t r a c t in V. 64, p. 1 1 8 2 ) to Easton, l m i l e ; trackage, Penn R R., B elvidere to Phillipsburg, 13
m ile s; tota l oper., 90 miles.
amounting to $43,192,000, and the balance, $6,808,000 fo r use in re
The Central RR. o f N. J. and L eh igh Coal & N a v . Co. control the
funding said bonds and fo r general purposes o f the company. The
m ortgage covers 8 29-54 miles o f m ain lin e and branches—a consid road.—V. 68. p. 568. Stock, $1,340,000; par, $100.
B o n d s .—Of the $1,124,000 general m ortgage bonds out, $1,062.erable portion being double tracked—and 181T1 miles o f leased lines.
000 are guaranteed jo in tly , pnn. and interest, by the Cent. R R .
T o Aug., 1902, $43,820,000 o f -sUjshad been listed. V. 66, p. 1140; V.
o f N. J and Leh. Coal & N av. Co. A n additional $1,535,000 are re
68, p. 1182; V. 73, p. 1264,; V. 75, p. 290.
served to take up prior liens and $330,000 fo r extensions or aequisi
Guaranties .—A s to guaranties additional to those shown in table tions o f connecting roads. See form o f guaranty, etc., in V. 67, p. 788.
above see D etroit H illsdale & 8. W\ and F o rt W ayne & Jackson.
A nnual R eport .—Including Orange County R R .—V. 73, p. 1157.
G eneral F inances .—Nothing has been charged to construction or T e a r end. June 30.
Gross.
Net.
In t., tax, etc. B al., sur.
equipment account since 1883, the outlays charged to operating ex- 1902.................................. $386,876
$166,663 $133,729
$32,934
pensesfor new equipment amounting in 1901 to $3,589,079 andin 1900 1901. ......... .................
442,251
176,529 138,175
38,354
to $2,267,825, and fo r construction to $729,257 in 1901, against
L e w ie A . R iley, President, Philadelphia, P a.—(V. 73, p. 1264.)
$711,718, these items being exclusive o f expenditures fo r renewals.
L e h i g h Ac N e w E n g l a n d R R . —Operates road from Slatington,
P ro fit and loss surplus Jan. 1,1902, $14,7*4,667. L o w grades perm it
Pa., to Cam pbell H a ll, N. Y ., 96 miles, o f which tw o sections, aggre
large train loads : average fo r 1901, 530 tons, against 455 in 1900.
In Jan., 1902, $3b,880,000 of the $43,192,000 7 p er cents due in 1903 ga tin g 32 miles, belong to other companies, leavin g 64 miles owned.
and earlier, and outstanding in June, 1897, had been retired and Leases fo r 999 years Northam pton RR., M artin’ s Creek to Bath, 15
$43,119,000 new 3^8 issued, fixed charges bein g reduced $1,072,435 miles, to be completed in 1902. V. 74, p. 478,1252.
H istory .—A reorganization July 1, 1895, o f the Pennsylvania
per.annum, or over 2 per cent on the capital stock.
In Feb., 1898, a m ajority o f the capital stock was purchased b y the Poughkeepsie & Boston, sold in foreclosure Dec. 14,1894.
N. Y . C. & H. RR., which gave in exchange its 3^e p. c. bonds at the
Securities .—Stock is $1,500,000, par $50. M ortgage is fo r $1,000,rate of $200 in bonds fo r $100 in stock. V. 66, p. 288. In Deo., 1901, 000, o f which $569,000 fo r im provem ents and exten ’ s.—(V. 62, p. 134.)
$45,289,200 stock had been exchanged. V. 69, p. 1237.
Current liabilities June 30, 1901, $152,180. There w ere also $75,000
collateral trust bonds and $20,000 equipment 6s.
Earnings .—F o r 6 mos. ending June 30:
E arning s .—F o r year ending June 30, 1901, gross, $86,305; net,
6 mos.
Gross.
Net
Other inc. In t.,ta x,etc. B al., sur.
$57; charges, $37,763; balance, deficit, $36,706. —(V. 74, p. 478.)
1902 ...$14,254,138 $4,793,728 $780,000 $2,010,< 00 $3,563,7 28
1 9 0 1.... 13.690,217 5,111,421
517,877
1,867,877
3,764,421
L e h i g h V a l l e y R R . —(See M ap) —Main line, Jersey City, N. J., op
posite N. Y. City, to Buffalo, N. Y., 446 m iles; branches to Audenried,
Dividends of 3 h per cent call tor $1,731,328 fo r the 6 months.
A nnual R eport .—F or 1900 was in V. 72, p. 879; see edit, page 854. Tomhlcken, Hazleton, &c., 748 miles ; Lehigh & N ew Y o rk RR., 115
m ites; State L in e & Sullivan Railroad, 24 m ile s; total main line, 1,333
Tear end. Dec. 31—
1901.
1900.
1899.
miles; sidings, etc., 938 miles. Total system 2,271 m iles; second
Total gross earnings.......... $29,272,675
$26,466,514
$23,613,946
track, 573 miles; third track, 19 miles. Trackage: Penn. R R ., 13*6 miles;
Oper. exp. & ta x es............ 20,210,229
17,307,795
15,832,146 N. Y . Central, 15 miles; sundry trackage, 20'8 miles.
N e t ea rn in gs................ $9,062,446
$9,158,719
$7,781/801
H istory , E t c .—I n March, 1897, arranged w ith J. P. M organ & Co.
Net, incl. oth. in com e_____ 10,391,736
9,903,3r0
$8,157,857
o f N. Y. fo r a general readjustment o f finances, including the holding
Rentals p a id ........................
916,605
923,247
732,488
o f vo tin g p ow er fo r a large block o f the stock.—See V. 64, p. 517^
Interest on d e b t................
2,266,656
2,273,312
2,314,753
754; V . 68, p. 474. For list of securities owned, see V. 66, p. 187. In
D lvid’ s on guar, stock........
53,350
53,350
53,350
June, 1899, J. P. M organ & Co. purchased about 75,000 shares o f stock,
Dividends.............................(7)3,462,655
(7)3,462,655
(7 )3,463,655
being one-half of the holdings of the A sa Packer estate, and In Jan.,
Karpins o ver dlvs............... $3,6*2,470
$3,195,776
$1,594,611
1901 the lem ain in g half, these, together with other acquisitions, plac
ing them in practical control.—'V. 68, p. 1226; V. 70, p. 1049; V. 72, p.
—(V. 74,p. 379,478, 680, 8 7 9 , 1089,1355; V. 75, p. 290, 394.)
87. In 1901 representatives of the Erie, Lackawanna, Central of N ew
L a k e .S h ore S y s t e m .—M a h o n i n g C o a l R R . —Owns from
Jersey, R eadin g and V anderbilt interests entered the directory, but
Youngstown to Andover, O., and branch, 50 miles. Leased in p er the property w ill continue to be operated Independently, though in
petuity for 40 per cent o f gross earnings to Lake Shore, which Jan. 1,
harm ony w ith the other anthracite roads.—V. 72, p. 137, 391. The
1900, owned $865,900 common and $399,500 preferred stock.
L ake Shore & M id i. So. in 1901 purchased $3,200,000 o f the stock.
D iv id e n d s .— i 1889. ’90. ’ 91. ’92. ’93. ’ 94. ’95 to Feb., 1902.
V. 74, p. 883.
On common.
>4*2%
5
4^
8
8 10 (Feb.7%,A u g .3%)
Coal P roperty .—'T he Lehigh V a lley R R . Co. owns 3,619 acres o f
The preferred stock certificates are 5 p. e. guaranteed and contain coal lands and all the ($650,000) stock o£ the Lehigh V alley Coal Oo.,
a clause making them redeemable at par at option o f company.
which in December, 1893, owned antbraoite ooal and surface lands:
For year ending June 30,1901, rental, $462,520; surplus o v e r Int.
Total acres.
Ooal acres.
Rat’d, yield.
and 10 p. e. on com. and j p. 0. on pref., $156,358.—(V. 66, p. 8 9 7 .)
Owned in fe e ............................... 15,217
7,242
124.000.
Perpetu ally leased...................... 8,123
5,741
111.000.
L a k e S n p e r l o r Ac I s h p e m l n g R y . —M arquette to Ishpemtng,
1,708
47.000. 000
Mich.. 20 miles; leases, 1 mile; total, 21 miles. Stock, $l,0o0,000; Term leases................................ 1,708
Controls through stock ow n ed.. 9,229
4,519
50.000. 000
parof shares,$100. Bonds are subject to call fo rth e sinking fund by lot
at 105 and Interest. Y e a r ending Dec. 31, 1899, $169,638; net, $40,Collieries 54, daily capacity about 30,000 tons. (V. 62, p. 364.) The
197; taxes, $5,989. President, Win. (1. Mather, Cleveland, O.; Trans.,
H azelton Coal Co. (chartered in 1896) stock is owned and its $2,000,W. G. Pollock. Office, Cleveland, O. (V. 73, p. 1207; V. 74, p. 1252.)
000 first m ortgage 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.
L a k e T a h o e R y Ac T r a n s p o r t a t i o n G o ,—Truckee to Tahoe,
The Coal Co. shipped 1rum collieries owned 3,049,755 tons In
Cal , 15 miles, narrow gauge, operator! during tourist season from May
1901 02, against 3,327,027 tons in 1900-01; total coal tonnage In 1001
15 to Ocl.15 in c< injection with -taarne.ru and bote's, also owned. .Slock
02 was 5,620,872,
authorized, $500,000; outstanding, $200,000, M ortgage covers also
steamers, w harf and hotel property eoH tln gover$l50,000; sinking fund
D iv id e n d s .— )
'86. ’ 87. ’ 88. ’89. '90. ’91. ’92 ’93. none
becomes operative !n I no..; M ercantile Trust. Co., Sue Francisco) trus S in ce’ 85. P. ct. (
4
4 to 5
5 5
5
4
slnoe.
tee. V. 74, ti. 479. F o r year 1901, gross, $39,338; net, $16,109. Presi
B onds . The $ 15,000,000 mortgage and col. trust
o f 1897 were au
dent,, I). L. Bliss, Sea Francisco, Cal. (V .’ 74, p. 178.)
thorized to provid e for floating debt and for future Im provem en ts,
l . n r a m ie M i l l i n ’ - p e a k A P a c i f i c I t y . —In Sept , 1902, grading $7,000,000 (which may bear a low er rate o f Intercut Mian 5 per cent)
almost, completed from Laramie, W yom ing via Centennial, 75 miles, being reserved for Im provem ents or acquisition of stocks or bonds o f
to be operated In 1003; contract also let fo r 26 miles to B attle Luke; Other companies at $1,000,000 a year after 1900, The m ortgage
entire, projected line, 6O0 mile-e
Block authorized, $10,000,000, covers 7 9 )'6 9 miles of single track, Including branches and sidings,
atleommoTK outstanding, $3,5uO,O00; par o f shares, $10. No bonds. real estate In Philadelphia, and also slocks and bonds o f various co in President, Isaac Van liorn , 7 Congress 8t., Boston, Mass.; Trees,, L. punles, Lehigh V alley bonds with lien prior to these bonds m ay be
W. Thom pson.—(V. 72, p 988 )
extended or new prior lien bonds Issued, but not to Inorense the a g g re
L e a v e 1 w o r t h T e r m i n a l H a l l w a y d I l r l d g e , —Owns high gate principal*sum or rate o f interest of hiii li bonds e xcopt as provided
1
r.
In the consolidated mortgage.
1,1st. of collateral pledged to secure
w ay and railroad bridge (Opened Jan. 1, 1894), 1,110 feet long, over
bonds was given In V. Go, p. 11 14 see also V. 60, p. 1H7. The bonds
Missouri River at Leavenw orth, Kan., and valuable term inal property
lire cabinet to Cull ill 107*ii p, 0.
In that, city. The m ortgage contains a Kinking fund provision, K an
•as City St, Joseph A. 0. B. (Chicago H. hr
and Chicago R. I ,v r.
O ti a 11a nt jes . Easton J W orthrm Eli, Hoad from Bel fust to Easton
080 the bridge at an annual rental or $16,000 each, under a 80 year
Pa.. SxnJleA; branch to Lehigh V alley UR. at South Fust on, 4 miles
contract from 1894, and Chicago (it. Western from Hept. 1, 1895, for 30 Cap Hal stock is $30o, 000. Lehigh V a l. guar a ntccs bonds. ( V . 62, p. 135.
000
000
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O c t o b e r , 1902.]
RAILROAD STOCKS AND BONDS
SI
Bonds—P r in c i
IN T E R E S T O R D IV ID E N D S .
pal, W hen Due.
Miles D ate Size, or
A m ou nt
R a te per W hen W here P a ya b le , and by Stocks—Last
Par
of
of
For explanation o f column headings, &o., see notes
Outstanding
Whom.
P a y a b le
D ividend.
Cent.
Road. Bonds Value.
on first page o f tables.
R A IL R O A D S .
L eh ig h , V a lle y — (C on cilia ed ) —
M orris Canal stock, 4% gu aran teed 999 y e a rs ....
P referred stock, 10 p. c., guar. 999 y e a rs..........
L.V .C oal Co.l8tM .$12,000,000,g.8.f.,not drn.o*<fcr
Snow Shoe, 1st M., not g u a r . G P ......................r
Delano L 'd 1st M., g., gu.. s. f. *30,000 y ’l y . G P
NAtirm»,l Stora ge Co trust, cprts
Car trusts, > $50,000 due each F. A A ................c*
g o ld .G F 5 $500,000, due $25,000 each F .& A ..
Equip, trusts, gold, due $200,000 y e a r l y . P e P . .
D o gold,ser.“ D ,,“ E” &r‘k ” due $438,000 y ’rly.
F
L exin gt. dbEasVn—1st M .,g .,e x t.in ’01,red .l0 2 C e.c*
G eneral m ort., go ld .......................................... C o .r
L ittle Kanawha—1st m ort., gold, $15,Ot 0 p. m . R .
L illie M ia m i—St’k,com.,gu.8 p.c.,99 yrs.,P.C.& St.L.
R en ew a l m o rtg a g e................................................ c
N e w M. ($3,000,000)—V. 72, p. 184, 241, 1030...
L . R ock & Hot £7?.IFesL—1st M., g., $1,140,000.
L ittle S ch u y lk ill Nav. E E . & C o a ^ S to c k (re n ta l gu.)
L o n g I s la n d — l d m o rtgage...................................0*
Consol, m ortgage, gold, $5,000,000.C e ..............
do
do
do
...................
G eneral m ortgage, gold C e ................. ............. or
M etropol. F e rry Co. 1st M., gold,red. at llO .C e .c *
L. I. R R . M. on fe r r y fo r $2,750,000, g o ld .C e ..c *
S te w a rt L in e >1. of 1932 fo r $500,000, g o ld .C e ..
D ebenture ($1,500,000) gold, not subject to call..
N ew Y o rk A Flushing 1st m ortgage, assumed—
B 'k lyn A M ontauk 1st M., $250,000 are 6 s.C e.c *
2d M., g., ass’d, Bus. Sta. to Eastn. A b rs .C e .c '
Lo n g Islan d C ity A Flushing 1st M., assumed, .c*
Consol, m o rtgage gold, assum ed.Ce................0*
U nified M ., $45,000,000, g. ca ll 110 I T s m _ C
_ <fcr
mm
mm
_„_.
92
30
84
84
57
32
155
156
156
163
■a• .
....
18
2
76
76
12
19
—
....
....
1893
1880
1892
$100
100
l,000& c
500
1,000
1895
1896
1899
,99-,02
1895
1895
1898
__
1882
1901
1899
....
1878
1881
1881
1888
1887
1892
1892
1894
1880
1881
1888
1881
1887
1899
1,000
1,000
1,000
1,000
1,000
l,0 0 0 A c
1,000
50
1,000
1,000
1,000
50
100 &c
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
l,000& c
E lm ir a Cortland < N o rth e rn E E —This road, w ith the C anastota
&
Northern, runs from E lm ira to Canastota and Camden, N . Y ., 140
miles. Th e stock, $2,000,000 is ow ned V . 62, p. 364,1177.
L e h ig h Ta lley E ailw a y Co. o f New Y o rk .—Owns Buffalo, N. Y ., to near
Sayre, Penn., 175 m. double track, and branches to Ithaca, Auburn,
etc.. 110 m.; tota l, 285 m. Stock ow ned b y L eh igh V al. E E . M ortga ge
abstract V. 51, p. 114. -V. 65, p. 412, 1071. Car trusts, $900,000.
L e h ig h Y a lle y T e rm in a l E ailw ay. -O w n s double-track road fro m South
Plain field, N . J., to Jersey City, w ith about 125 acres at J ersey C ity and a
la rg e w a te r fro n t there, etc.; its stock o f $10,000,000 is ow n ed b y LeV a lle y R R . Y . 53, p. 640, 880.
M iddlesex Talley K R —N aples to G eneva, N. Y ., 29 m iles. Bonds due
1942, guaranteed, prin cip al and in terest (endorsed). V. 62, p. 134.
M o m s Canal. — Leased fo r 999 years and divid en d s guaranteed.
Bonds a ll ow ned by L eh igh V a lley . See Y . 50, p. 137.
P en nsylva nia & New Y o rk C anal & R a ilro a d .—Leased fo r 99 years
from D ecem ber 1,1888, to L eh igh V a lley , w hich has assumed its debt
and owns all its stock. Consol, m ortgage bonds o f 1888 are reserved to
take up p rio r bonds w hen due. The’' consols in clu de $4,000,000 o f 5
per cents, $3,000,000 o f 4s, $1,500,000 o f 4 ^ s . Y . 62, p. 950.
L eh ig h & New Y ork R E .—N e a r E a st W a v e rly to Fairh aven , on L a k e
O ntario, 115 miles. V. 61, p. 558, 750; Y . 62, p. 134; Y . 71, p. 1311.
L e h ig h Valley Coal G o — See “ Coal P r o p e rty ” above.
General F inances .—
-Real estate m ortgages, $211,993. P la n fo r
ra isin g ca p ita l fo r necessary im p rovem en ts is suggested.
L atest R R . Earnings . ?1902 . .G ro ss ,$3,000,07P; op. def. $624,156
2 mos., Ju ly 1 to A u g 31 ) 1901...G ross, 4,556,592;
net, 832,582
F o r same 2 mos L e h ig h Y a lle y Coal Co. shows d eficit from opera
tions o f $316,160, against d eficit o f $207,123 in 1901.
a n n u a l R e p o r t .—F iscal yea r ends Juue 30.
S tatem ent fo r 1G 1-02,
0
was in V. 75, p. 849. Th e rep ort fo r 1901 02 was g iv e n in Ch r o n ic l e ,
O ct. 25, 1902. See also editorial.
/ Years end. J u n e 30.-----• ,— Years end. N ov. 30.— ^
---1902.
1901.
1901.
1900.
Earnings fro m coal. $9,328,959 $9,636,802 $11,683,276 $9,413,472
MlsceL " fr e ig h t . .....
9,627,286
9,272,317 14,255,961
9,659,172
Passen gers..............
3,664,820
2,989,004
3,635,061
2,959,378
M all, express, e tc ...
1,651,188
1,584.442
1,109.234
1,017,260
T o ta l gross........$24,272,254 $23,482,567 $26,683,534 $^3,049,282
O p,exps.jinc.ren tals 19,652,118 18,668,024 20,069.876 19.242,421
N e t ea rn in gs___ $4,620,136 $4,814,542 $6,613,658 $3,806,861
O ther in com e..........
1.079,368
1,081,371
1,105,898
1,055,785
T o ta l n et incom e $5,699,503 $5,895,913 $7,719,556 $4,862,646
S ta te ta x e s ..............
$615,467
$622,806
$625,937
$632,806
Bal. Of ln t account,
360,249
260,817
298,120
254,883
Loss M or. Canal,etc.
72,658
190,574
290,684
222,608
ln t. and re n ta ls.......
5,179,038
5,094,329
4,936,370
5,172,578
lnt. Leh. VaL Coal.
804,866
825,700
825,700
825,700
T o ta l Charges... $7,032,280 $6,994,226 " $7,144,943 $6,940,443
B a la n c e .............. d f.$ l,3 3 2 ,7 7 7 d f.$ l)098,3l3Br.$574,612df.$2,077,797
O perating expenses inclu de la rg e expen ditu res fo r additions and
betterm ents $1,670,974 in 1901 02, again st $1,331,271 in 1899-00hesldfs large ou tlays fo r equ ipm ent in a ll years; In 1901-02, estim ated
loss from coal strike and floods was about $3,000,000 and cost o f re
pairing flood dam age $880,000, o f which $562,000 is Included in oper
atin g expenses.
The report fo r 190 2 as above does not Include the coal properties,
for the im p rovem en t o f which $320,456 was expen ded In the year,
and on whose operations, etc., there was a deficit o f $568,682.
Other Incom e as above in 1902 ($1,079,367) includes dividends on
stocks owned, $296,978; in terest on m ortgages, $39,186; sundries,
$127,084, and in terest on bonds, $616,120, the bonds em b ra cin g:
f 1.400,000 I.sh, Val. Coal Co.. 1*02: £6,< 00,000 Leh, Val. Coal Co., 1607; *2,000,f> Hobii y Ikill A Lehigh Valley KK.t 11 fs22,000 Hazleton Coal Co., $600,000 Mor
00
Ha Canal < Banking Co., IVZ&MH) HooheHer Southern UK. Co.. $1.64,000 Mid%
0' iex Valley HR. Co.. $3oo.000 Greenville S Hudson Ry. Co., $361,600 Coal
c
Ridge Impt. & Coal Co.
.
Pres, d u ly 1902), A lfre d W alter, Treas., W. C. A hlerson; S ecretary,
John l i r Fan 5hawe, 228 do. Th ird St.. PliUa. Exeou I i ve Com .: Chair
man, Kben ii. Thom as; Geo. K. linker, K. T Stoteebury, Charles Steele,
H. McK. Tw ora ld y and A lfre d W alter.
Director-, -Alfred Walter. EdwardT.Stotesbury .foaeph Wharton. BeiuiVcm
u
Borle. Charier Steele, Irving A. it earn , A brain Nesbitt, H. MeK. Tvmrably,
B. Thomas, George 1 li rUt r, / Itoffer* Maxwell, Ceorgo F, liner and
.
fio b t. C. Lippinentt.
— (V. 73, p. 1207; V. 74, p. 1 18, 2 0 3 , 2 0 9 , 883; V. 75, p. H-MU
L e x i n g t o n A- K a n t e r n f l y , —Ownw from Lexin gton , K y ., KOJaek5
OTi, K y.» about. 92 miles. Operates Ohio A. K en tu cky Ky., Jackson,
Ky,, to canned coal fields In Morgan Co,, o v e r 26 miles, since lain In
Get , 1901,
Capital stock. $5OO.OOO; par, $100. R eorganized with
oilt JfotecloHure In 1901 per plan V. 73, p. 668.
B o n d s ,—U nder the reorga n iza tion In 1901 the first m ortgage 5s
(which matured Jam 1, 1900) vere extended at same rate, o f In ierest
to Judy 1, 1911, the com pan y h avin g the righ t to rail and redeem all or
any of them at 102 and 'interest. A il in terest on the gen eral m ortgage
bonds was w aived to A tig 1, 1901, In terest th erea fter to ho paid in eirsh
Feb, and A u g 1, as follow s: 2 p. o y e a rly fo r 5 years, then 3 p o. for
5 years and 5 p, o. ye a rly th erea fter to m aturity. D o f of red dehenl i r os w ill be Issued from tim e to tim e fo r the b a la n c e o f the Interest
4
F. A A .
$1,025,000
F. & A .
10
1,175,000
J. & J.
11,514,000
5
367,000
5 g. J. & J.
1,102,000
5 g. J. & J.
5,000,000
400,000
5 g. F. A A.
200,000
5 g. F. A A .
1,4< 0,000
4 ^ g. J. & D
3,534,000
-Ha g. V a rio u s
850,000
5 g. J. A J.
1,500,000 See text. F. & A .
(l)
5 g. J. A J.
4,943,100
825 Q.—M./o
M. & N.
1,500,000
5
1,417,000
3h3 F. & A .
1,140,000
± g- J. A J.
2,487,850
5 g. J. & J.
F. A A .
268,703
7
3,610,000
Q .- J .
5 g.
1,121,000
Q.—J.
^ g3,000,000
4 g. J. A D.
5 g. M. A N.
1,250,000
1,494,000
41
ug. M. A 8.
332,000
4 g. J. A D.
=
a 1,135,000
5 g. J. & D.
M. & S.
125,000
6
1,000,000 5 & 6 g. M. A S.
600,000
0 g. J. A D.
6
M. A N.
600,000
650,000
5 g. M. A N.
6,360,000
4 g . M. A 8.
Ph il, office, 228 S.3d St. A u g., 1902,2%
do
do
Aug., 1902, 5%
N. Y . and Ph iladelph ia. Jan. 1, 1933
Jan. 1, 1910
Philadelph ia.
Jan. 1, 1932
do
do
Ph il.,G ira rd L .I.A .& T r . Feb., 1903-06
do
do
Feb., 1903-06
Ph ila., P en n .C o .fo rln s. T o June 1, '09
Ph iladelph ia.
1903 to 1910
N. Y ., J. K. T o d A Co. J u ly 1, 1911
See T e x t
Feb. 1, 1935
Jan. 1, 1948
Cinn.,Office, 1st Nat.Bk. Sep. 10, ’ 02, 2
N. Y ., Bank o f Am erica. N o v. 2, 1912
do
do
Feb. 1, 1951
J u ly 1, 1929
St. Lou is and P h ila .
P h ila ., Of., 410 W alnut J T y ll/ 0 2 ,3 %
N . Y . ,U. S. M ort. A Tr. Co. A u g. 1, 1918
do
do
J u ly 1, 1931
do
do
J u ly 1, 1931
do
do
June 1, 1938
do
do
N o v. 1, 1937
do
do
Moh. 1, 1922
do
do
June 1, 1932
do
do
June 1 1934
do
do
Moh. 1, 1920
do
do
Mch. 1, 1911
do
do
June 1, 1938
do
do
M a y 1, 1911
do
do
M a y 1, 1937
do
do
Mar. 1, 1949
n ot paid in cash on the ge n era l m o rtg a g e bonds accruing a ft e r A u g. 1,
1901, such debentures ($375,000 eve n tu a lly) bein g p a y a b le w ithou t
in terest w h en ever the com pan y shall decide, eith er in cash o r gen era l
m o rtg a g e bonds, but to becom e p a y a b le im m ed ia tely in c ise a n y d iv i
dend is declared on the stock. Loan s p a y a b le June 30,1902, $27,850.
E a r n in g s .—2 months,
S1902............... Gross, $97,091; net, $41,411
J u ly 1 to A u g. 31.
11901................ Gross, 67,226; net, 26,568
Y e a r ending June 30, 1902, gross, $424,402; net, $165,771; in terest
$111,743; taxes, $7,200; rentals, etc,, $18,582; bal., sor., $28,266Presiden t, R o b e rt E. Tod, N, Y *— (Y . 74, p. 94.)
L i t t l e F a l l s Sc R o l g e v i l l e R R . —Y. 74, p. 577, 1252; V. 75, p. 185.
L i t t l e K a n a w h a R R . —Park ersb u rg, W . V a., to Palestin e, 30
m iles, thence b y steamer, 20 m iles, to Creston; total, 52 m iles, and
in A u g,, 1902, w as p rep a rin g to bu ild a con n ectin g lin e under the
ch a rter o f th e Z a n esville M a rie tta & P a rk ersb u ig R R ., w ith the
W h eelin g & L a k e E rie R R ., from Zan esyille, O., to Park ersb u rg, 80
m iles, and under th at o f the B u rn sville
E astern R R ., w ith the W est
V a. Cent. & P itts. R y., 40 m iles. V .75, p. 290. 442. Stock, $2,010,000
authorized; issued $426 000. In A p ril, 1902, a syndicate representin g
the G ould interests acquired the road. See W. V a < Pitts, item , V. 74,
&
p. 777. J. T. B la ir, Prest., Park ersb u rg, W . V a .— (V . 75, p, 442, 666.)
L i t t l e M i a m i R R . —Owns Cincinnati, O., to 3pringfleld, O., 84
miles branch, X en ia , O., to D ayton, O., 16 m ile s ; leases, Columbus A
X e n ia R R ., X en ia , O., to Columbus, O.. 55 m iles; D a yton A W est. R R .,
D ayton, O., to Ind. State Line, 38 u l ; Cin. St. Con.RR., 2 m.; tot. 195 m.
L ease.—On D ec. 1, 1869, leased to P ittsb u rg Cincinnati & St. Lou is
(n ow P ittsb u rg C incinnati Chicago & St. Louis) fo r n inety-nin e years
re n ew a b le fo rever. T h e Penn. R R . Co. is a p a rty to the con tract and
guarantees its fa ith fu l execution. R en ta l is 8 per cen t on $4,943,100
stock and in terest on debt. Lessee's report fo r this road shows
net loss to less ee; In 1897, $230,645; in 1898, $222,225; in 1899,
p rofit, $54,725; in 1900, $65,989. Stock authorized, $8,000,000. B e
gin n in g D ec., 1899, ig p e r cen t e x tra has been p a id each Dec. and June
from the surplus in vested fund, m akin g divid en d 8% p er cent y e a rly.
— (Y . 70, p. 230; V. 72, p. 44, 184, 241, 1080; Y . 74, p. 427.)
L i t t l e R o c k & M o t S p r i n g s W e s t e r n t R E . - L i t t l e R ock,
A rk ., to H ot Springs, 57 m iles. V. 68, p. 85; V. 69, p. 283. T h e
C h octaw O klahom a A G u lf on Sept. 29, 1901, took o v e r the p ortion
from L it t le R ock to Benton, 27 m iles, under lease. V. 73, p. 722.
Stock, $1,140,000, all acquired in 1901 b y the Missouri P a cific R y.
Y . 74, p. 574. Coupons, including Ju ly, 1900, w ere clipped. F o r year
ending June 30. 1901, gross, $158,528; net, $60,863; to ta l deductions,
$77,370; bal., def., $16,507.— (Y . 70, p. 791.)
L i t t l e S c i i m y l k i l l N a v i g a t i o n . R R , Sc C o a l . —Ow ns fro m P o r t
Clinton to Tam anend and R eevesd a le, 32 m iles. Re-leased on Dec.
1, 1896, to P h ila . A Read. R y . fo r 999 years, and ren ta l reduced from
7 p. c. on stock to 5 p. c., gold fro m Jan. 1 ,1 897; in 1898, 5ha p. o.; in
1899, 5ha; in 1900, 5; in '01, 5 ^ ; 1902, Jam , 2 ^ p . e ; Ju ly, 3 p c.
Lessee pays ta xes and o rga n izatio n expenses.— (V . 73, p. 554,)
L o jg a n w p o r t Sc T o l e d o S t y .—Logan sport, In d ., to B u tler, In d .,
94 m iles Successor on Sept. 12, 1901, to E el R iv e r RR., sold under
order o f Com t and purchased in the in terest o f the P en n sy lva n ia R R .f
and operated from Jan. 1, 1 902, as a p a rt o f the V an d alia system
In
Oct., 1902, the details o f the new securities had not been decided upon.
Stock, $ (?).— < 73, p. 553, 1010; V. 74, p. 41.)
V.
L o n g I n l a n d R R . —O perates a ll the steam su rface roads on L o n g
Island, adjoining N e w Y o rk C ity, the system in clu ding :
Owns—
Mites.
Leases-■ (II Whioh see.) M iles.
L o n g Island C ity to G reenport. 94 N. Y . A R ookaw ay Beach R y -lf 12
L o n g islan d City to Gt. N e c k .. 14 M ontauk E x t. A N. Y . B a y E x t . 27
Bushwick to Sag H a rb o r.......... 96 N vw Y o rk & R o o k a w a y...........
5
Sundry bran ch es...................... 80 N. Y . B ’ klyn & Man. Beach fl.. 19
G r’ t N eck A P o r t W ash in gton .
4
T o ta l o wned........... * ............ 284
Leases—
Brooklyn A Jam aica R R .......... 11
T o ta l June 30, 1 9 0 1 ... ...3 8 0
North Shore Branch R R ........... 30 Double track
.................
...1 0 8
O r g a n iz a t io n .—I n May, 1900, a m ajority of the stock wrh purchased
by the Pennsylvania RR.—V. 70, p. 894, 940, 996, 1 149; V. 71. p. 914;
V. 72, p. 480, 491. Decision as to right of w ay, V. 73, p. 32; V. 74, p.
1196.
St o c k .—$ 12,000,000; par, $50; o f which Pcnn.RR. owns $6,797,900.
D iv id e n d s .— 5 1882,
'88 t o '90. '91. ’02. '93. >94. '95* '90. None
P e r cent,
( 1
4 y e a r ly
4*«
5
5 4%
4
4 since.
B o n d s . — h e f e r r y mortgage fo r $2,750,000 covers all the real and per
T
honal pro p etty pertain in g to the com pan y’s ferries (34th Street and
• L m o Slip); $1,250,000 bonds being reserved to retire the M etropolitan
F erry 5s, A h to debentures see page 2 o f S u r i‘ MCMENT o f A p ril, 1895.
The uni/trd mortgage (U, H. M o rtga g e A T ru s t Oo., N. V., trustee,) Is
for $45,000,000, secured by a lien upon the en tire p rop erty. $28,000,000 being reserved to re tire all prior liens, $H 500,000 for change
of m otive pow er to e le c tric ity or oth er pow er, if deemed advisable,
$4,500,000 fo r oth er Im provem ents, and the $4,000,000 rem aining,
with any unused balance, fo r perm an ent Im provem en ts and additions
n not exceed in g $100,000 per annum. Bonds are subject to Call at
.t
110 In w hole or In part on any In terest day. V. 68, p. 61 H. Bills p a y
able Fed). 28, 1902, $60,000 ; morts on real estate, $148,737.
HiMKANTiLS. in addition to guaranteed bonds In table above guarn ntees 5 p. c, on $650,000 New York Brooklyn tin Manhattan Beach
S3
[V ol . L X X Y .
INVESTORS* SUPPLEMENT,
R A lL R O A D b .
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
Bonds—P rin ci
A m ount
Par
of
of
R ate per When W here P a ya b le, and b> pal, W hen Due.
F o r explan ation o f column headings, Ac., see notes
Road. Bonds Value. Outstanding
Cent.
Whom.
on first pa ge o f tables.
P a ya b le
BJ’/cs-LastDiv.
L o n g Is la n d ,— (G o n cl.)—L e a s e d L i n e s , P r i n c i p a L OR I NTERE st G u a r ANTEED.
30 1892 $1,000
$L,425,000
L .I. R R . N.Sh.Br.coDS.M.$l,500,000,gu.p. A i.C e c*
5 g.
1,000 a l , 601,000
19 1885
5 g.
N. Y . B. & M an. B .ls tc o n . M .$ l,'2 6 ,0 0 0 g.,g u .C e
1887
1,000
a 883,000
N. Y . & Rocfc. B., le t M. $P84,000, gu. p. & i.O e .
5 g.
6 1893
......
a 100,000
5
N. Y . B a y E xtension , $200.000,1st M., gu. p. & 1.
21 1895
a 315,000
5
M ontauk E x ten s’n, $600.000,1st M., gu. p. A l.C e
10 ’86-’ 91 1,000
4*2
436,000
P. P. A C. I.. 1st arid 2d ($06,000 2ds) gu. p. A i.
1,000
1,250,000
L o u . <- A i k . —1st M.,$7 ,000,000, g. S c*& r. T e x t. 125 1902
£
5 g.
36 1895
1,000
100,000
L o u is ia n a < Northwest R R .—F irst m ort., g o ld ......
&
5 g45 1897
500
250,000
L a . South’n —tist M., g., red. at 105 a fte r 1902 C e c
5 g.
112 1881
1,000
2,240,000
L ou is ia n a Western— 1st m ortgage, g o ld ......... C e c v
6 g.
1,000
96 1901
L o u is v & A tla n tic —1st m ort., gold, $1,000,000. K
(?)
5 g.
100
....
1,500,000 See t< xt.
L o u is v ille B rid g e Co.—S tock.....................................
500
1896
2,200,000
Lou is. E . & St. L — 1st m ort., $2,500,000, gold.OTo 165
5 g1,000
1895
L o u is v .& Jeff.B r. C o —$5,000,000,g.gu. p.Ai.,end.c* . . . .
3,000,000
4 g.
....
100
....
60,000,000 5 in 1902
L o u is v ille A N a s h v ille —Stock, $60,000,000........
46 1877 $1,000
C ecil.B r.lstM .,C ecil.to Louis.,s.f.,dr. at 100.L n c*
260.000
7
1,000
151
E .H .A N .ls tM .. H end.toNash., g, d P n a t llO .C e .c *
1879
1,840,000
6 g.
802
1,000
1880
Louis. A Nash, gen’l M., gold, draw n a t llO .C e .c *
8,911,000
6 g.
100 Ac.
175 1877
7
892,000
L. C. A L e x . 2d m. s. f . not dr’n, Louis.to N e w p ’t.e"
175
1,000
1881
3,258,000
Gen. m ort. L. C. A L., gold (fo rm erly 6s),JJ»o,c*
4 ifl g.
1880
1,000 d l , 926,000
L. A N. hds., S.A N. A la. R R ., 2 d M. as col. g.IJ n .c* 189
6 g.
1880
1,000
45
Pensacola D iv., Is t M ., gold (dr’n at 1 0 5 ).F ..c *
e544,000
6 g.
141
1,000
1880
5,000,000
N. 0. A Mob. D iv. 1st M., N.O. to M obile, g. F .c*
6 g.
141
1,000
1880
1,000,000
2d m ortgage, go ld ............................ ............. *c
6 g.
1,000
Sontheast’ n A St. L ou is D iv. 1st m ort., go ld — c* 208
1881
3,500,000
6 g.
208
1,000
1881
3,000,000
2d M., gold, East St. L. to E va n sville A b r ----c*
3 g.
1,000
1st M.7?50-year 5s), $15,000 p. m., go ld .T J s...e* 118
1887
f 1,749,000
5 g.
1,000 g 4 ,940,000
1st m ort., co lla tera l tru st ($7,000,000) g o ld ..F c *
....
1888
5 g.
U nified m ortgage fo r $75,000,000, gold.* e.c*<fer T e x t. 1890 LOOOAc 630,095,000
4 g.
1.000 l i $6,919,000
1898
Coll, trust, ca ll at par in 5 years., g. * s .......... c/ . . . .
4 ga In hands o f public; to ta l issued show n in le ft hand colum n; halan ce under uni fled m ort
....
p referred stock as p a rt r e n t a l; also 4*2 p. c. on $50,000 P. P. & So. Br.
stock, and 4 ^ p. c. on $82,500 o f tlie N. Y . & Coney Islan d stock.
F i n a n c e s .—L . I. HR. T erm in a l Co. Incor. in 1899. See Y . 70, p. 39.
In Dec., 1901, tlie A tla n tic A ven u e (B ro o k ly n ) im p rovem en t w as
begun, the tota l cost o f the w ork bein g estim ated as about $2,500,000, o f w hich one-half w ill be borne b y the city. See V . 72, p 722;
V. 64, p. 469; V . 65, p 512; V . 66, p. 471; V . 73, p. 613,1011, 1207; Y .
75, p. 135, 342
In J u l ', 1902, contracts w ere le t fo r the exten sion o f R apid T ra n sit
tunDel [bein g constructed by c ity ] from M anhattan under the East
R iv e r and thence to Flatbu eh A ve. Station, B rooklyn . V. 75, p. 30,
185. On A p r. 21,1902, the Penn. N. Y . & L o n g Islan d R R . was in
corporated w ith $20,00o,< 00 stock, to construct and operate b y e le c
tric ity an underground tunnel ra ilroa d as an extension o f the P en n syl
va n ia R E . system from Jersey C ity, and thence under the H udson
R iv e r to a cen tral passenger station at 33d S treet and 7th to 10th a v e
nues, and also under the E ast R iv e r to a connection w ith the L o n g
Is la n d R R . Mew Y o r k Connecting R R ., see V. 74, p. 830.
L atest E arnings .—J u ly.1 to M arch 3 1 ,9 mos. System , 391 m iles.
9 mos.—
Gross
Net.
Other In c .
Charges.
B alan ce.
1901-2. . $4,2r 6,492 $1,222,806 $219,398 $1,222,988 sr.$219,217
1900-1... 3,717,701
981,818
165,052
1,203,536
df.56,665
A n n u a l R epo rt .—R e p o rt for 1900-01 was in Y . 73, p. 612.
1898.
1899.
Year en d in g Ju n e 3 0 — 1901.
1900.
Gross earn in gs........... $4,862,347 $4,557,259 $4,622,475 $4,333,194
3,311,370
2,989,373
O peratin g ex p en ses.. 3,516,705
3,276,073
N e t ea rn in gs.........$1,345,642 $1,281,186 $1,311,105
T o ta l n e t ..................... $1,631,552 $1,557,098 $1,473,103
624,096
837,2*0
In te re s t on bonds.......................... 837,280
202,957
232,084
258,700
T a x e s ...........................
322,800
322,800
R en tals........................
322,800
73,177
5,440
M iscellaneou s.............
16,962
100,000
R es erve fu n d ..............
195,809
$1,343,821
$1,473,690
638,629
205,865
312,800
72,521
B a la n ce................................... sur.$59,494sur.$250,073sur$243,875
Presiden t, W . H . B a ld w in Jr. T reasu rer is R o b e rt W . Smith, B road
S treet Station, Ph iladelph ia.— (V. 74, p. 1252; V. 75, p. 29, 135, 342.)
L o s A n g e l e s T e r m . R y . - S e e San Ped ro Los A n g . A Salt L a k e R y
L o u i s i a n a & A r k a n s a s K y .— fSee M a p . ) —Stamps, A rk ., to
W innfiekl, La , 125 miles. E xten sion under con tru c tio n n orth erly from
Stamps to H ope, 23 m iles, to be finished D ec., 1902; also u naerconstruction from W iuntield ♦ a sterly to G eorgetow n , 20 m iles, and pro
posed fro m G eo rgetow n ea sterly to N atchez, Miss., 69 m iles, and from
W in n field southerly to A lex an d ria, 55 miles.
In co rp o ra ted in A rkan sas June 10, 1902, to ex ten d the charter’ o f
the Lou isian a A Arkan sas R a ilr o a d , a ll o f the p ro p e rty o f w hich w as
taken o ver. V . 75, p. 135.
St o c k .—Stock, $1,750,000, shares par $100, deposited w ith the
Standard Trust Co. o f N e w Y o r k under a v o tin g tiu s t fo r lO y e a r e ;
W illiam Buchanan, E d w a rd E. P o rter, Benj. F. Yoa k u m , H a r v e y E.
Fisk and t harles L. Pack, v o tin g trustees.
F o u r dividends paid at irreg u la r in terva ls b y the ra ilro a d in 1900
and 1901; in June, 1902,7 p. c. declared.
B o n d s .— F o rm er bonded debt $'i00,000 at 6 p. c. has been paid offN e w issue o f 5 p. c. 25-year bonds is fo r refu ndin g, betterm ents, equipand extensions; to ta l authorized amount, $7,000,uOO, o f which $1,000,000 reserved fo r bridges across B lack and R ed riv e rs and the balance
lim ited to $20.0( 0 p er m ile o f com pleted rai.road. Tli^ en tire am ount
outstanding, bu t no part, w ill be subject to redem p tion at 110 a fte r
Sept. 1 1907. B egin n in g w ith 1907 a sin k in g fund o f $55,( 00 ner an
num ’to ’buy bonds at 110 or under, or, fa ilin g purchases, m ay be in vested
in savin gs bank securites.
L a t e s t E a r n in g s .— Y ears ended Ju ne 30:
Year—
M itts . Gross Op.ex.< taxes. Net. Charges. Balance.
&
1902
-- 97 $478,531 $260,072 $218,459 $68,5K>4 $149,955
1901*1111........ 92 316,746
176,232
140,514
37,157 102,557
Presiden t, W illia m Buchanan, T exarkan a, A rk .— (V. 75, p. 235,5 48 .)
L o u i s i a n a & N o r t h w e s t K i t . —Owns M agn olia, A rk., to a p oin t
8 m iles south ol B ie n v ille ; trackage, M agnolia, to M cN iel, 6 miles;
total, 86 miles. E xtension from southerly term inus to N atchitoches,
L a 36 m iles, is to he com pleted du rin g 1902. Lease to J. D. B eards
le y canceled. Stock, $3,000,000 authorized; issued Oct..
1902,
$700,000, par, $100. Loans and bills p ayable June 30, 1902, $ .7 6,521. Trustee o f first m o rtgage bonds, Peop le's Tru st Co., B rook
ly n N. Y . T h ere are also 50-year gold consols at $7,500 per m ile,
all ow n ed b y com pany Y e a r en din g June 30,1902 (86 miles), gross,
$154,331; net, $75,676; int., taxes, rentals, etc.. $59,609; bal., surplus,
$16,06". Gen. Man., J. D. B eardsley, Gibsland, L a — (V. 73, p. 957.)
L o u isian a Southern
See p a ge 175.
L o u i s i a n a W e s t e r n R R . - (See M ap o f Southern. P a c ific .)—Owns
from L a fa yette, La., to Orange, T ex , 112 m ile s ; branches (2), 35 m iles ;
tota l, 147 miles. Operated in dependently, hut in connection w ith
Southern P a cific Co. system , w hich ow ns all the $3,360,000 stock.
E arnings .—11 months, ( 1901-2— Gross, $1,781,790; net, $787,766
Ju ly 1 to M ay 31.
) 1900-1 ...G ross, 1,541,807; net, 653,626
R y.—
Q — J.
A . A O.
M. A S.
J. A J.
J. A J.
Semi-an
M. A s.
J. A J.
M. A s.
J. A J.
M. A N
F. A A.
J. A J.
M. A 8.
F. A A
M. A 8.
J. A D.
J. A D.
A. A O.
M. A N.
A. A O.
M. A 8.
J. A J.
j . A J.
M. A 8.
M. A 8.
M. A N.
M. A N.
j . A J.
A. A O.
b,
N .Y ., U. S. M ort. ATr.Co.
do
do
do
do
do
do
do
do
do
do
N. Y ., Fisk & R obir son.
N .Y ., Boody, M c L .A uo.
N. Y ., R .W in th rop <fc<Jo.
N .Y .,8 . Pac.C o.,23 B ’rd
N. Y ., K n ick . Tru st Co.
Lou isville, K v.
N .Y .,B k .o f Am . A Louis.
N .Y ., J.P. M organ & C o.
N. Y ., 120 B roadw ay.
N. Y ., 120 B roadw ay,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
cl, e, f, g , see fo o t note
Oct. 1, 1932
Oct. 1, IP 35
Sept. 1, 1927
Jan. 1} 1943
Jan. 1, 1945
1926-1931
Sept. 1, 1927
Jan. 1, 1945
M ar. 1, 1950
J u ly 1, 1921
M a y 1, 1941
See text.
Jan., 1946
Mch. 1, 1945
A u g .11,’02,2*2
Mch. 1, 1907
Dec, 1, 1919June 1, 1930
Oct. 1, 1907
N ov. 1, 1931
A pr. 1, 1910
Mch. 1, 1920
Jan. 1, 1930
Jan. 1, 1930
Mch. 1, 1921
Mch. 1, 1980
M ay 1, 1937
N o v. 1, 1931
Ju ly 1, 1940
A pr. 1, 1918
on n e x t page.
In y e a r ending June 30, 1901, gross, $1,646,730; net, in clu din g other
Incom e, $742,654; surp. o v e r charges, $366,925; am ount o f n et p rofit
due this com pany as per lease, $394,513.— ( . 74, p. 268.)
L o u i s v i l l e A A t . R R . —V e r s a ille s ,K y .,to B e a tty v ille , 9 6 m iles, o f
w h ich M ille r’ s Creek to B e a tty v ille , 28 m iles, w as opened in Oct.,
1902. E xten sion o f 55 m iles proposed to a conn ection w ith the N o r
fo lk & W estern.
In co rp o ra ted in Ju ly, 1899, as successor o f the Richm ond N ich olas^ille Ir v in e A B e a tty v ille R R .; sold under fo reclosu re M a y 1, 1899.
Y . 71, p. 236. Stock, $1,000,000; par $100. Bonds, see table. Year
ending June 30, 1901, gross, $131,860; net, $50,436; interest, $27,185; taxes, $3,100; discount on bonds, $75,000; balance, def., $54,850.President, Jam es P. Am sden'; Secretary, E. M. W allace. Office, V e r
sailles, K y .— ( Y . 71, p. 236.)
L o u i s v i l l e B r i d g e C o . —Ow ns bridge 5,294 fe e t long o v e r Ohio
R iv e r a t L o u is ville, K y ., and about 2 m iles tra ck additional in L ou is
ville. Used b y severa l railroads, P. C. C. A St. L. R y., Louis. & N ash
v ille , etc. Surplus earnings are paid hack to roads using bridge.
Stock is $1,500,000 ; Penn. Co. ow ned Jan. 1, 1902, $900,700. D iv
idends, 1896, 6*2 p. c . ; 1897, 7 p. c.; in 1898, 6 p. c.; in 1899, Feb., 3
p. c. In June, 1900, the Court decided th at the m in o rity stockholders
w ere en titled to 8 per cent dividends since 1877, but an appeal w ill be
taken. ( V . 71, p. 84.) In Ju ly, 1900, paid 8 p. c. d ivid en d fo r the first
h a lf o f 1900 and last h a lf o f 1899; M a y 15. 1901.3 p. c.; O ct 10,
3 p. c.—V. 73, p. 957. In y e a r 1901. gross, $278*673; net, $171,740;
taxes, $61,250. In 1900, gross, $243,286; net, $155,775.— ( V. 74, p. 481.)
L o u i s v i l l e E v a n s v i l l e A St. L o u i s R R . —See Southern R y.
L o u i s v i l l e H e n d e r s o n & St. L o u i s R y . —R o a d .—L o u is ville
to H enderson K y ., 142 m iles, o f w hich W est P o in t to L o u isville, K y.,
21 m iles, is tra c k a g e ; owns also Irv in g to n to F ord sville, K y ., 44 miles.
H istory .—A reorga n iza tion June 1 ,1 896 (p er plan in Y . 62, p, 138),
o f the L o u is v ille St. Lou is A Texas, sold in foreclosure.
Securities .—The stock is to he held b y John J. M cCook, B ra yton
Iv e s and Oscar F en ley , fo r ten years, in a v o tin g trust, unless earlier
term inated by unanimous v o te o i trustees. See term s Y . 62, p. 138.
O f the bonds $300,000 are reserved to build to Lou isville.
E arnings —1 month, $1902............... Gross, $68,815: net, $24,755
J u ly 1 to J u ly 31.
(1 9 0 1 ............... .Gross, 57,395; net, 18,831
F o r y e a r ending June 30,1902, gross, $696,064; n et, $142,353; in
terest, $110,000; taxes, $16,000; balance, surplus, $16,353. In 1900-1,
gross, k
$668,484; net, $155,5 i7 .— (V . 71, p. 1 1 6 5 ; V . 73, p. 4 4 2 .)
L o u i s v i l l e &; J e f f e r s o n v i l l e B r i d g e C o . —One-half m ile long
and the approaches one m ile; opened fo r all business Jan. 1,1896. The
com pany also owns about 40 acres o f land in L o u is ville and 100 acres
in Jefferson ville. Th e B ig Fou r and Chesapeake A Ohio use the
bridge. C apital stock is $1,425,000; par, $100.
B onds.—T lie m o rtg ag e o f 1895 is fo r $5,000,000 (trustee U. 8. Trust
Co. o f N. Y . and U nion Tru st Co. o f In dian ap olis); bonds fo r $2,000,000
are reserved fo r future construction, etc.; the bonds are guaranteed by
the Chesapeake A Ohio and C leveland C. C. A St. L. roads, In whose in
terest the entire stock is owned. See V. 61, p. 559. In Ju ly, 1899,
earn in gs sufficed to m eet both expenses and charges.—(V. 62, p. 84.)
L o u i s v i l l e &, N a s i * v i l l e R K . — (Bee M a p .)—R o a d .—Operates main
lin e from Cincinnati. O., to N e w Orleans, La., 921 m iles, w ith branches
to 8t. Louis, M o.,M em phis, Tenn., eto., 2,352 m iles, m akin g total sys
tem proper June 31, 1901, 3,273 m iles. The system Includes :
L in es owned absolutely o r
Reported separately.
Miles.
th rough ca p ita l stock........ M iles.
liN a sliville Chatt. & St. L o u is ..942
L o u is ville to N a s h v ille ................... 185
1TGeorgia R ailroad system ...... 624
Sundry other lin e s .................2,859 Operated fo r other go’ s ............ 62
L in es leased■ <£c.
,
Owned but leased to oth er co’s. 71
1 South A N orth A la . R R ................ 189
1
Do. Paducah A Mem. D iv ....... 254
^H enderson B r id g e ..............
10 Birm . South (h a lf st’k o w n ed ). 67
O ther lin es..............................
30 Birin. Selm a A N e w O rlean s... 31
T o ta l system p ro p e r........ 3,273
T o ta l o f all June 30, ’01..5,324
H See this company.
In Feb., 1902, sold C e cilia B r.,4 6 miles, fo r $1,000,000.—Y. 74, p. 326.
In October, 1900, extension com pleted rroiu Andalusia, Ala.,
to G eneva, about 45 m iles, and in A p r , 1902, bein g fu rth er ex
tended to M arianna, 45 m iles In Oct., l:<02, extension proposed from
A tta lla to Oneonta, A la., 35 m iles, o f which 9 in. com pleted; also pro
posed to purchase 7*3 m iles o f graded load ex ten d in g from Camden,
A la ., southeast. V. 70, p. 1291. Iu A p ril, 1902, acquired Birm. Selma
A N e w Orleans R R ., 60 miles, and Shelby R R ., 19 m ; ia Aug., 1901,
S h elb yville -loom tteld A Ohio R R . 26 in. V 73. p. 391; V. 74, p. 1038.
Iu A p r.. 1902, acquired control o f the A tlan ta K n o x v ille & Northern
R y., K n o x v ille , Tenn., to M arietta, Ga., 205 m iles, w ith 25-mile branch
and trackage to A tla n ta , Ga., 20 miles, and in Oct., 19o2. w as building a
connecting line from Jellico, Tenn., to K n o x v ille , 65 m iles, g iv in g the
L. & N. a d irect lin e betw een C incinnati and A tlan ta . V . 74, p. 770.
O r g a n iz a t io n , A c .—This com pany was chartered M arch 2, 1850, and
opened betw een L o u isville and N a sh ville N ovem ber, 1859. The liabili
ties fo r in terest on the a u xilia ry roads are treated m ostly as belonging
dtreotly to the L o u is ville A N a sh ville Co. A lis t o f the securities owned
and in sinking fund June 30,1901, w as in V. ^3, p. 727, 732.
Conlr-d by A lla n ’ ic, Coast L in e. - In Oct., 1902, the A tla n tic Coast
L in e R R . arranged to acquire from J. P. M o rg a n & Co. a m a jority of
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M A P OF T H E
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
f.
7Thomas V.
rm mr
nmm
n
Monticello
PEN.
v‘ Tallahassee
1
0 i
October , 1902.]
RAILKOAD STOCKS AND BONDS
8
ft
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Due,
Amount
of
of
Pai
Rate per When Where Payable and by Stocks—Last
For explanation o f column headings, &o., see notes
Outstanding
Whom.
Road. Bonds Value.
Cent. Payable
on first page o f tables.
Dividend.
R A IL R O A D S .
L o u is v ille & N a s h v ille —( Concluded) —
1891 $1,000
St. Louis property, 1st M., gold, $650,000.SSt.c
1,000
L. & N . and Mob. & Mont, jo in t bds., 1st M .,g.Ce.o* 179 1895
160 1881
1,000
Pen s.A A t. 1st M..gold,8.f.,dr’ n at 110assumed.c*
49 1876
1,000
Kentucky Central—M aysville & L ex. R R . m ort...
220 1887
1,000
N e w m ortgage ($7,000,000) g o ld .M p ............ c*
1,000
Nashv. Flor.A Skeff., Is tM ., g.,assu. in 1900.Ce.c 105 1887
£200
So.& N o.A la.,1st M., s.f., n ot dr’n, guar, b y L.& N. 189 1873
189 1880 $1,000
2d M., gold, s.f., $2,000,000, (owned by L .& N .)
1.000
Consol, mort. (for $10,000,000), g., guar.Ce.o* 189 1886
1902 l.OOO&c
L.
& N.-So. jo in t M., $15,500,000, red. af.’07..c&r
L ou is ville New A lb m y dt Chicago. See Chicago INDI ANAPO LIS & L
20
20
Lykens Valley—Stock. Rental pays 5 per cent----97 1896
1,000
Macon dt B in n in g .—1st M., $500,000, g o ld .O B ...c
94 1901
1,000
Macon Dub. dt S a v .- Is tM ., $1,500,000.g.,red.at 110
.. ..
100
M a in e C e n tra l—Stock and scrip ($12,010,000)...
1st consol, m ort., ( ($269,500 5 s )....................c&r ] 304 ( 1872 100 &c.
(1872 100 &e.
$9,000,000...... 5 ($3,265,500 4 s )................. c&r
41 1883
1,000
Collateral trust bonds fo r Mt. Desert Branch A B o
1885
1,000
Sinking fd. 10-20s, gold, old 6s, ext. Feb. 1. ’95.. c
. . . .
1886
1,000
Im provem ent bonds,“ A ,” gold, not mort., s. f.N B
1887
1,000
Do
do
“ B ” cur., not m ort., a. f . B B
56 1893
1,000
Me. Cent. Eu. & No. Am . refunding m ort., gold...
48 1890
1,000
1st M. Penobscot Shore Lin e R R . Co., assumed.
48 1891
1,000
K . & L. 2d m ortgage (for $400,000) assu m .B B
. . . .
100
European & N. Am . stock, 5 p. c. rental 999 years 120
109
. . . .
100
Portland & Ogdens, stock (2 p. c. rental, 999 years)
109 1888
1,000
Con. M., ($800,000 are 3^8) gu p. & L e n d .B B .c
1887-9 1,000
P ortla n d U n . S tationM .,ser. “ A ” & “ B ” te x t s.f.
17
100
D exter & Piscataquis stock 5 p.e. rental 999years.
17 1889
1,000
1st M „ D exter to D over, etc., guar, b y e n d .B B
b A lso $8,400,000 are pledged to secure eollat’l trust bonds Of 1898
w ere owned by the Co.on J an .,1902,v iz
. ... d$34, 000, e $36,000
____
....
....
the stock (viz , $30,600,000 o f the $ 0,000,000 out standing), w hich
had previously been purchased in the open m arket b y John W. Gates
and associates. V. 74, p. 830,1038; Y . 75, p. 733.
St o c k .—I ncrease from $55,000,000 to $60,000,000 authorized in
1893.—V. 57, p. 596, 809. In A p ril, 1902, the $5,000,000 stock was
Issued fo r A tlan ta K n o x v ille & N or. R y. and extension. See above.
D rv.— 1 ’ 83-’ 87. ’ 88. ’ 89. ’ 90. ’ 91. ’ 92. ’ 93. ’ 94-’98. ’ 99. 1900. ’01. ’02.
P . o. ) None. 5stk. 5stk. 6
5
4
4 None. 3 ^
4
5
5
In 1890, of the 6 p. c. paid, 49i0 p. o. w as in stock.
B onds .—T he Evansv. Sender. < Nashv. bonds are drawn a t 110 by lot
£
annually in October, fo r paym ent Deo. 1 in amounts increasing each
five years until $150,000 per year is fin ally reached ; in 1901, $55,000.
The Pensacola D iv is io n bonds are subject to a draw ing sinking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds o f 1880 are called at 110 in increasing
amounts each year; $310,000 v ere paid June 1,1902.—V. 74, p. 680.
In June, 1890, the “ u n ifie d ” mortgage (trustee, Central Trust Com
pany) fo r $75,000,000 was authorized, $41,917,660 bonds being re
served to retire all prior liens (none o f the prior liens can be extended),
the balance fo r improvements, extensions (at the rate o f $32,000 per
m ile, including equipment), and fo r other purposes. The m ortgage cov
ers (besides 1,292 miles o f road and its equipment) $25,992,535 stock
o f companies controlled, and $3,150,000 bonds free from any lien. See
abstract o f m ortgage in V. 51, p. 613; also Y . 72, p. 1034,1188. In
M a r , 1902, company reported $41,164,000 issued, o f which $3,488,000
in the treasury. T otal listed on N. Y . Stock Exchange $29,276,000
in Mar., 1902. See V. 74, p. 577.
L o u is ville C in c in n a ti dt L exin gton general m ortgage bonds are
now lim ited to $3,258,000. V. 63, p. 1010.
M obile dt Montgomery—L ou is v ille dl Nashville j o i n t mortgage is fo r
$5,000,000, a first lien on 17 8 ^ miles M obile to M ontgom ery; $1,000,000 reserved fo r improvements. V. 61, p. 196, 750.
Kentucky Central m ortgage abstract
45, p. 372.
Pensacola d A tla n tic first m ortgage bonds (assumed) are gradually
k
being called fo r the slnkiag fund at 110.
Si. L ou is term in a l property bonds cover freigh t terminals.
The collateral trust bonds o f 1898 (see below ) are secured by deposit
w ith the U. S. Trust Co., [as m ortgage trustee, o f $9,520,000 L. & N.
unified 4s and $2,720,000 L. & N. Paducah & Memphis division bonds,
the la tte r coverin g the road from Paducah, K y ., to Memphis, Tenn.,
254 miles. The loan is subject to call at par on and a fter A p ril 1,
1903. V. 66, p. 337; V. 68, p. 87.
F in a n c e s .—Since Ju ly 1, 1894, the “ construction account”
hfas been closed. A m ou nt of perm anent im provem ents charged in
operating expenses in 1900-1 was $1,474,503; in 1899-0,$1,021,843.
In 1902 the Lou isville & N a sh ville and the Southern R a ilw a y ac
quired 92k) per cent of the $10,000,000 Chicago Indianapolis & Louis
ville common and 72 per cent o f the $5,0' 0,0<’0 preferred stock in e x
change fo r their joint 50-year 4 per cent bonds on the basis o f 78 for
the common and 90 fo r the i>referred st ck or option ally 60 per cent
of the purchase T>rice in cash. V. 74, p. 1038.
E a b m n o s .—2 mos., / 1902............ Gross, $5,481,13P; net, $1,630,973
July 1 to Aug. 31 $ 1902............ Gross, 4,747,030; net, 1,290,169
A n n u a l R e p o r t .—A nnual m eeting is held m L ou isville the first W ed
nesday in Oct.; in 1902. adjourned to N ov. 5. V. 75, p. 733. Prelim
inary.' statem ent fo r 1901-2 was in V. 75, p. 339. R eport 1900-01 in V.
73, p. 719. 726; see also p. 699.
Year end. June 30.
1902.
1901.
1900.
1899.
A verage m ile a g e ....
........
3,169
3,007
2,988
Freight earnings...........................$20,419,162 $20,099,779 $17,100,715
P a s s e n g e rs ................................
5,742,581
5,238,314
4,905,584
Mall, express, etc.......................
1,800,464
1,804,286
1.753,187
Gross earnings....$30,71 2.257 $28,022,207 *27,742,379 $23,759,485
Oper. e x p e n s e s ...... 20.902,438 18,233,033 18,603,406 15,731,587
Net earn in gs........... 9,809,819
9,789,170
9,138,973
8,027,898
Net, Inch )nVB’ t«.,<fco 10,810,841 10,493,861
9,789.018
8.568,543
Deduct— T a x e s ___
$832,074
*813,538
$785,568
$735,330
Interest and ren t...
4,987,018
5,151,736
4,996,612
4,971,702
Georgia RK. deficit.
...........
........
...........
12,687
Loss on other roads..
...........
.....
3,641
...........
A d v ’ sto8,<VN.A , etc
125,842
118,574
253,690
94,744
Sinking f’ d payni’ ts.
141,100
128,900
130,270
127,180
Dividends
.......... (5)2.875,000(5)2,695,000<4)2,112,000(3hi) 1848000
8nrp. o ver d lvld ’ ds. $1,850,807 $1,586,113 $1,607,237
$778,900
Of i rokc s. Chairman, A ngust. Belmont, N. Y.; President, M. f(. Hmlth,
Louisville; Treasurer, W. W, Thompson; Secretary, .1. II. Kills, Louis,
vllle: Assist. See, and Assist. Treas., A. W. Merrlss, 120 Proud way, N. Y.
—V. 75, p. 185, 185, 8 3 9 , 812, 733, 793.
L o rilsv. N e w A lb a n y A O lilc.—8«o Chicago I nd. < L olihv .
v
I.o u Is v l l l e A W e s t e r n B y .—Hee Co LUMP, is Bamhjk KV A HOCK
ING RR.
t o k e n s V a l l e y I t I I . A- C o n i C o .—Owns from Mlllnrsburg, Pa., to
W llflaiestow n, Pa,, 20 miles. New lease to Northern Central made
April 20, 1890, term inable on 60 days’ notice by either party. Rental
$35,000 per annum.— (V. 64, p. 330.)
liln c h n A* B i r m i n g h a m
I l y . —Owns Hofkoe Junction to Ls
Grange, Oa., 97 miles; truckage SofKoe t.O Macon, fin., 8 in . total, 105
miles. A reorganization of Macon < Birmingham Unilroad foret losil
%
In 1895.
[$617,000
4,000,000
11,731,000
400,000
j6 ,700,000
k l , 996,000
£645,400
Own. L. & N.
$4,779,000
See tex t.
OUISVILLE.
600,000
500,000
1,410,000
4,977,000
4,193,500
4,790,500
669,000
600,000
200,000
250,000
1,000,000
1,300,000
400,000
2,484,100
4,392,538
2,119,000
300,000
122,000
175,000
and $3,488,
, f $15,000, g
5
4^
6
7
4
5
6
6
5
4
g. M. & 8.
g. M. & S.
g. F. & A.
J. & J.
g. J. & J.
g. F. & A.
g. M. & N.
g. A. & O.
g. F. & A.
g. J. & J*
5 in 1802
5 g.
5 g.
6
5& 7
4 &4Vi
5
4 ^ g,
413 g.
Q .-J .
J. < J.
fc
J. & J.
Q .-J .
A. & O.
A. & O.
J. & D.
F. & A.
J. & J.
J. & J.
4 g. J. & J.
F. & A.
4
F. & A.
5
A . & C.
5
2
Q .-F .28
3Js & 5 M. & N.
J. & J.
4
J. & J.
5
4
J. & J.
000 w erei in the tr
$189,000 i, h $581
St. Louis, St. L. Tr. Co.
N. Y ., 120 B roadw ay,
do
do
do
do
N. Y ., 120 Broadway,
do
do
Lond., B aring B ros.,L’d
N .Y ., Office, 120 B ’ way.
N .Y .. Office, 120 B ’w ay.
In t ’ st from Ju ly 1, ’ 02.
N. Y ., Office, 13 Wm. St.
Boston, Old Colony Tr.
N .Y ., 1st N . Bk. & Clrc.
Portand, Me., Office.
( Boston, 2d N ational 5
( Bank & Portlan d (
Boat., Am .L.& Tr.; Port.
Portland Tr. Co., Port.
Bos.,2d N a t’ l Bk.; Port.
do
do
Boston and Portland.
Boston, Sec. Nat. Bk.
do
do
Bangor, Treas. Office.
Portland, Me. Cent. Of.
Bos.,2d N a t’l Bk. & P ort
P o rtl’ d, Me., & Boston.
D over, Me., Office.
Bos., 2 d N a t’l Bk., Port.
easury M ar ,1902. A dd
,000, i $884,000, j$42,0
Mch.
Sept.
Aug.
Jan.
Ju ly
Aug.
M ay
Apr.
Aug.
Ju ly
1,
1,
1,
1,
1,
1,
1.
1,
1,
1,
1916
1945
1921
1906
1987
1937
1903
1910
1936
1952
O ct.,’02, 134%
Ju ly 1, 1946
Ju ly 1, 1951
Oct. 1, ’ 0 2 ,13«
Apr. 1, 1912
A pr. 1, 1912
June 1, 1923
Feb. 1, 1905
July., 1916
July, 1917
Jan. 1, 1933
Aug. 1, 1920
Feb. 1, 1921
O o t.l5 ,’02,2-*e
Aug. 31,’02, 3g
N ov. 1, 1908
J ’ne27, Jan.29
July, ’02, 2i«%
Ju ly 1, 1929
it i’n’l amounts
00, k$100,000
Earnings.—2 mos., >1901............ Gross, $21,460; op. def., $3,971
July 1 to Aug. 31. s 1900............ .Gross, 16,471; op. def., 3,810
In year 1901-02 gross, $126,004; net, $708; taxes $4,807; in t. on
bonds. $25,000. not paid. In 1900-01, gross, $108,381; deficit under
op. exp., $4,778.— (V. 62, p. 1040.)
H a c o n D u b l i n 6c S a v a n n a h B B . —See page 173.
M a i n e C e n t r a l B B . —L in e o f road, Portland to Vanceboro, Me., v ia
Augusta, 251 miles; branches. Cumberland Junction to Skowhegan,
v ia Lew iston. 91 m ile s; Bath to Lew iston and Farm ington, 76 m ile s ;
branches—Belfast, D exter, Bueksport and Mt. Desert, including ferry ,
(7-7 m iles), 132 miles; Portland A Ogdenshurg R y., Portland, Me., to
Lunenberg, 110 m ile s ; small branches, 7 miles; U pper Coos and Here
ford railw ays, Lunenberg, N. H ., to Lim e R idge, Quebeo, 108 miles;
Bath to Rockland (including steam ferry, 6-10 miles,) 49 m iles; total,
824 miles, o f whioh 395 miles owned, 388 miles operated under 999
year leases, and practically ow ned; 33 miles operated under 50-year
leases a n d 8 miles ferry lines.
Stock.—Stock fo r $2,516,000 owned by Boston & Maine. V. 72, p. 988.
Dividends— (
1882.
1883.
1884 to Jan., 1902
P ercen t
s
2
5^
6 yearly
B onds.—There are also $81,000 M aine Shore Lin e 6s, due 1922;
also $114,500 Belfast & Moosehead Lake m ortgage bonds, due 1920,
not guaranteed, interest and sinking fund paid out o f the rental;
A ndroscoggin & Kennebec stock and bonds, $11,000, exchangeable
for M. G. stock. Jointly w ith B. & M. guarantees $300,000 P o rt.
Union 8tation bonds.
A nnual R eport.—R ep ort fo r 1901-2 was in V. 75. p. 609. O peratin g
expenses in 1901-02 include $637,796 extraordin ary expenses,
against $114,928 in 1900-01.
Years end.June 30: 1902.
1901.
1900.
1899.
$5,612,923
$5,826,401
$5,022,098
Gross earnings.$6,194,305
1,617,037
1,711,248
1,666,717
N e t earnings.... 1,425,166
85,744
81,071
134,535
Other incom e...
153,857
N e t incom e.$l,579,023
In terest............. $643,110
R en ts.................
545,876
D ividends...... .
298,566
29,440
Sinking fu n d ...
Charged o ff......
$1,801,253
$604,222
592,922
298,554
29,440
200,000
$1,796,992
$584,870
646,526
298,544
29,440
153,467
$1,698,108
$599,365
647,090
298,531
29,440
70,003
$53,679
Bal., su rp ...
$62,031
$76,115
$84,146
- ( V . 72, p. 988; V. 73, p. 4 4 2 , 1 0 0 7 ; V. 75, p. 6 0 9 .)
M a n c h e s t e r 6c L a w r e n e e R R . - O w n s from Manchester, N. H .,to
Methuen (State L in e), 2/H miles. Leased fo r 50 years from SeptembeE
1,1887, to Boston & M due at a rental paying 10 p. o. dividends. In.
1895 a dividend o f 50 p. et. w as paid from proceeds O. & M. suit.— (V .
62, p. 869; V. 70, p. 532; V. 7 3 ,p. 1264.)
M a n h a t t a n R y . ( E l e v a t e d ) . —R o a d —Owns all the elevated ra il
roads in boroughs o f Manhattan and the Bronx, N .Y . City, main lin e
and branches, 3732 miles, doubled-traoked, including extension o f 1 ha
miles, to Fordham, completed in 1901, w ith 14 m ileefadditional third
track, s’ dings, etc. V. 70, p 176. 633. In O c t , ’02, operated as a thirdrail electric system on the 2nd, 3rd and 6tli A ve. lines and in N ov. to be
begun on 9th A ve. V. 75, p. 733.
St o c k .—I ncreased in M arch,1899, from $30,000,000 to $48,000,000 to
meet oust o f electrical equipment, etc. V.68,p. 232,282,380,428,617.
B o n d s .— Consolidated mortgage (trustee, Central Trust Co.) is lim ited
on present mileage to $40,000,000, and w ill provide for prior bonds
when due. Amounts beyond $40,000,000 may be issued for extensions
at the rate o f $30o,000 per mile or single and $600,000 per m ile o f
double track. (See abstract o f m ortgage in V. 51, p. 248, and applica
tion to New York Stock Exchange In V. 52, j>. 363.) O f the consols
the company itself in July, 1902, held $42,000 oonsols to redeem con
vertible cert. V. 69, p. 131.
G e n e r a l F in a n c e s ,— In Apr., 1902, electric service was com plete OH
the Second A ve. line, and w ill b egradu ally extended o ver all the Other
lines. (V, 74, p. 577, 775.) The now method or operation ills believed
will Increase the efficiency and economy' of the service and net
earn mgs of the system and place the stock, as Increased In $48,000,OOO, upon a 5-por rent IimnIh, V 75,p. 135. Bee “ stock” above. Has (radio
agrenm en t until 1904 with Third Avenue RR. sy stem providing lor
transfers to and from both lines. V. 68, p. 672; V. To, p. 1240.
To May, 1898, claims aggregatin g $8,847,854 had been paid an dam
ages to abutting property and other eases were before the courts. Bee
CHRONICLE, V. 00, p. 954, and V. 07, p. 789. As to personal property
tax assessment, see V. 06, p 954; V, 07, p. 222; V. 08, p. 12H2, and
V. 71, n. 1120, Amount nr taxes In litigation June 80, 1002, per baturiee sheet, $3,377,301. V. 67. J . 1053.
>
O f the proceeds o f the $18,000,000 Increased stork, the Unused por
tion. along with other funds (in all $9,703,622 on June 30, 1002),
was loaned out on collateral.
iHviDENim. > ’87.’88. ’ 89. ’90. ’91 9 0 .’97,’98.’99.’ 00,’ 01. 1902.
Since 86. I*.<!f. ( 6 5 Boo bolow. 0 yrly. 4 •« 4 4
4 4
4
(n 1889 1 In rash and 4 'a In scrip; in 1890, 4 '« eauh and l 'u scrip.
A n n u a l R e p o r t Annual meeting Is Hold the second Wednesday in
Novem ber. Report, for .year 1901 02 was given la V. 75, p. 495, and
report fur year i nding Sept. 30, 1901, In V . 73, p. 1057.
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October 1902. J
RAILROAD STOCKS AND BONDS
87
Donas rru io iIN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Due.
A m ou nt
Par
of
of
R a te per W hen W here P a y a b le , and by Stocks—L a st
For explan ation o f column headings, &c., see notes
Road. Bonds Value. Outstanding
P a ya b le
Whom.
Cent.
on first pa ge o f tables.
D ivideiid.
R A IL R O A D S .
M aine Central— (C o n clu d e d )—
53
H erefo rd R ’y stock (4 p. c. rental f o r 999 ye a rs)..
53
1st m ortgage, guar. p. & i. (en dorsed )................
55
U pper Coos H R. stock, 6 p. o. ren tal 999 years.
22
1st m ort., guar. p. < i. (en dorsed)........................
fc
33
E xtension M., $21,000 p. m., guar. p. & i.(en d .).
14
D ex ter & N ew p ort, stock, 5 p.c. from N ov. 25, ’ 98
14
1st M. (old 6s refund, in 1897) gu. p. & i. end.*
19
E astern Maine, stock, 4 ^ p. ct., ren ta l 999 years
22
Ranches. & L a w —Stock, 10 p.c.ren’l t i l l 1937.B.&M.
...
R e a l estate bonds (not m ort.) int. gu. b y B.& M*c
36
M anhattan Elevated.—Consol, stock, $48,000,000..
18
M etropol. E l. 1st M., $600,000 p.m ., ass’d .g .O .o *
32
N. Y . El. deb., secured b y consol, m ort. o f 1890...
32
M anhattan E lev a ted consol, m ort., erold. Ce.c^&r
53
M a n is. M arq. & N o rth 'n —1st M.f $1,500,000, go ld .
9
M an. <• P ik e s ' Pea k B y - Is tM ., $500,000, g Itlp e
£
34
M a r. & Phoenix < S. R iv. V R R . - M .& P . Is tM . g..c
&
43
M & P .& S .R.Y.M .,g., $750,000 (Y.67,p. 1357). F .c
40
M a ry la n d & P e n n .—Y o r k A reach Bot. M. (te x t)
84
1st m ort.. $1,200,000, gold, ca ll at 1 0 5 .^ Ie B a .c *
84
In c. M., $900,00 ), 4% cum., call at par. Ml B a . ..
Mason C vy < Fo-1 Dodge— 1st m ortgage, g o l d .......
£
37
M assaioippi—Stock guar. same div. as Conn.&Pass,
23
M e a d tille O onneaul L a k e & L in e s v ille —1st M -----___
M e x ic a n C e n tr a l—Is tM . (unassented) in cl u. scrip
Consol, m ortgage, $32,000 per m., g o ld .B B .c * A r 2,689
1st cons. inc. & scrip,n.-cum. ($9,600p.m.),g. A B e * 2.689
2d con.inc.$6,400p.m .red.at50% to A u g .*2 9 A B c * 2.689
R egistered incom e bonds and scrip, unassented.r
E qu ipm ent bonds, $50,000 calie i y e a rly at p a r ..
do $50,000 y ’ly A u g .l); re : 1 0 2 ^ b eg .’ lO O B .c *
...
CoLLtr. bonds, g.. sec. b y cons, 4s, call par. IMS »c*
1890
....
1890
1890
1897
....
1892
....
1878
1886
1890
1902
1891
1886
1895
1882
1901
1901
1891
1881
1889
1889
1889
1881
1897
1899
1902
$100
1,000
100
1,000
1,000
100
100
100
1,000
100
* & $
1,000
l,00 0& c
1,000
1.000
1,000
1,000
1,006
160
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
4
$800,000
4
800,000
350,000
6
4
350,000
693,000
4*2
122,000
5
175,000
4
200.000
41
a
1,000,000
10
4
274,000
47,999.700 4 in 1902
10,818,000
6 g5
1,000,000
28,065,000
4 g.
1,100,000
5 g.
5
500.000
540,000
6 g.
78,000
249,950
l g4 g.
550.000
900.000 3 in 1901
N ’ne A p , ’02
i s800.000
200.000
5
287,000
(7) 4
66,678,000
4 g.
=
20,563,400
11,282,000
I g'
369,200
3
750,000
5 g.
850,000
5 g.
10,000,000
4^g.
M. < N.
fe
M. & N.
M. & N.
M. & N.
M. & N.
J. & J.
M. & S.
M. & N.
M. & N.
J. & J.
Q .- J .
J. & J.
M. & S.
A . & O.
M. & N.
A . & O.
vl. & N.
M. & N.
T e x t.
M. & S.
A . & O.
Portland , Me. Cent. Of.
Boston, 2d N a t’l Bank.
P ortlan d , Me., Office.
Bost., 2d.Nat. Bk.; Port.
Portland , Me., Office.
T rea s’rs O ffice,Portland
Sec. N B k .,e o s .& Portl.
R ocklan ■ Me., Office.
M anchester and Boston.
Boston, B. & M. R R .
N. Y ., 195 B roadw ay.
N. Y ., M ercan tile Tr. Co.
N. Y ., M ercan tile Tr.Co.
do
do
U n ion Tr. Co., D etro it.
See te x t.
N .Y ., Farm . L . & Tr. Co.
do
do
F. &
J. &
J. &
J. &
J u ly
A.
J.
J.
J.
10
Boston, 8. D. & Tr. Co.
M er. N t. Bk., M eadv.Pa.
Boston, SafeDep. &Tr. Co
do
do
St. Louis, w hen earned.
J u ly
A. &
A. <
fc
F. Ar
1
O.
O.
A.
N o v., 1902,2%
N o v . 1, 1930
N ov., 1902, 3%
M a y 1, 1930
M a y 1, 1930
Ju ly. ’02,212%
Sept 1, 1917
N o v .,’02, 214%
N o v 1, ’ 02, 5%
Jan. 1, 1922
O ct, 1/02, 1%
Ju ly 1, 1908
Mch. 1, 1916
A p r. 1, 1990
M a y 1, 1952
Oct. 1, 1909
N o v . 1, 1916
Dec. 23. 1925
A p r . 1, 1932
N. Y . ,B ro w n Brc s. & B a lt Mch. 1, 1951
A p r. 1, 1951
A u g. 1, ’ 02, 3%
Ju ly 1, 1921
Ju ly 1, 1911
Ju ly 1, 1911
Jan. 10. 1939
Jan. 10, 1939
J u ly 1, 1911
01.Col.T.Co.,B os.& Lon, A p r. 1, 1917
do
do
Oct. 1, 1919
St Lou is & N e w Y o rk . Feb. 1, 1907
sion, Jim inez to Rosario, 96 m iles; Zam ora extension , Yu ruou aro to
Tiu gu in din , 74 m iles; Zapotlan extension, G u adalajara to Tu xpan , 120
miles; R io V e rd e extension , 2o m iles; T a m p ico to G en eral T revin o
fo rm e r M on terey & M ex ica n G ulf, operated trom M ar. 1, 1902), 389
m iles; leases M exica n U nion R v.. 11 m iles; L a V e g a to San M arcos,
29 m iles; to ta l M a r 1, 1902, 2,711 m iles, standard gauge. A ll 56pound steel.
The Zapotlan extension w as com pleted in 1901 to T u x p a n , 120 miles
B alan ce a fte r dividends.sur.$1,153,455 sur.$402,335 sur.$109,513 from G uadaiajara, the P a rra l extension to E l R osario, 96 m iles, and
the R io V eru e extension, San B a rto lo to R io V erde, 25 m iles (the
Yr.8ep.30. Passengers. Earnings. 1Yr.Sep.30. Passengers. Earnings
1895- 96.-182,437,244 $9,352,115 1898-99.-177,204,558 $9,325,111 la tte r n ot y e t operated). V . 74, p. 1035.
In June, 1901, the M o n terey & M exican G u lf R R ., Ta m p ico to G en
1896- 97.-183,184,641 9,359,732 j 1899-00.-183,788,851
9,950,735
eral T revin o , 388 m iles, w as acquired, and is bein g extend ed fro m T re
1897-98 - -17 9,728.356
9,204,466 11900-01.-194,152 316 10,455,872
vin o to the San P ed ro branch, about 150 m iles, by w hich w ill be reached
Passsengers carried du rin g y e a r en din g June 30. 1902, 215,259,345,
E x ten sion is b u ild (n g from Lech eria,
again st 190,045,741 in 19O0-1. - ( V . 73, p. 1061,1208; V. 74, p. 41, 94, the m ain lin e at Torr* on.
near Ci y o f M exico, to V elasco, near Tam p ico, 225 miles, to be com
427, 5 7 7 ,6 -0 , 776, 1038; V . 75, p. 135, 342, 4 9 5 , 498, 733.)
p leted b y end o f 1904, this in clu din g the Paehuca, Zacu altipan & T a m
M a n i * t 1 q n e M > r q n e t t e Sc N o r t h e r n B B . —M an istlqu e, Mich., pico Ry. (purchased), ex ten d in g fro m S an doval to Apulco, etc., about
on La k e M icuigan, n o rth erly to Shingleton, on the Duluth So. Shore <
fc 7 0 m iles, the unconstructed p ortion carr- in g a subsidy in 5 p er cent
A tla n tic, 40 m iles, w ith branch to M cN eil’ s, 13 m iles;.V . 75, p. 185; M exican G overn m en t s ilv e r bonds a t $10,000 per m ile
i he M exica n
fo rm e rly the M auistique & N orth w estern R y., purchased in A p ril, Cuernavaca & Pacific, M ex ico to Balsas R ive r, w as to be purchased and
1902. T o operate a car fe r r y (to be opened A p r il, 1903) b e tw te n Man- extend ed to A capu lco on the Pacific Ocean, about 150 m iles.— (V. 74,
istiqu e and N o rth p o rt. on the T ra v erse C ity Leelenau & M anistique p 1196; V. 73, p. 337, 957; V. 74, p. 729, 1035 )
R R ., to be b u ilt from N orth p ort to T ra v e rs e C ity, 30 m iles, as an e x
O r g a n iz a t io n .—In corp ora ted F ebru ary 25, 1880, under the gen eral
tension o f the Grand R apids & Indiana R R . Y . 74, p 776.
la w o f Massachusetts, and also holds a ch arter from the M exican G o v
8 t o c k s , B o n d s , E tc —Stock, $2,000,000, a ll outstanding. T h e un- ernment. D ebt readjusted in 1889—see V. 48, p. 191, 292, 327. See
issu -d 5s o f 1902 (authorized issue o f $1,500,000; Union T ru st Co o f also M exica n C entral R y. Securities Co., Lim ited , below . In M ar.,
D etro it, m ortgage tru stee) are applicable to an addition al ca r ferry ,
1901, a syndicate h ea d -d b y H. C la v P ie rc e o f St. Louis, and closely
equipm ent, im p rovem en ts, etc. Y . 75, p. 185. F o r y e a r ending M a y 1, a llied w ith th a t co n trollin g the St. Lou is & San Fran cisco R R ., ac
190z, earn in gs o f M a m *tiq e & N orth w estern R y . w ere: Gross earns., quired a m a jo rity o f the stock. See “ Finances’ ’ below . V. 72, p. 627,.
$173,861; net, $8^.783
Presiden t, R. R. M etheany; V ice-P resid en t 873; V. 75, p. 29.
and Treas.,D . W . K au fm an; Sec’y, B. B. M etheany.— (Y . 75, p .1 3 5 ,185.)
S u b s id y .—Jan. 1 ,1 902, there w as le ft o f the subsidy in tru st $2,077.
M a n s f i e l d S a v a n n a h Sc W e l l i n g t o n R R . —Y . 73, p. 900.
353,to b e used w h en ever necessary fo r the p a ym en t o f p rin cip al and
M a n i t o u Sc P i k e r s P e a k K .y .—See p a ge 175.
in terest o f the consolidated m o rtg ag e bonds, $111,579, h a vin g been so
M a r i c o p a Sc P h o e n i x Sc S a l t R i v e r V a l l e y R R , * —See p. 175. used in 1900. O f the $3,000,000 o f M exican G overn m en t bonds re
ceivab le under Tam p ico H a rb o r concession fo r a depth o f 22 fee t,
M a r y l a n d Sc P e n n s y l v a n i a R R , —B a ltim ore, Md., to Y o rk , P a » $2,790,000 (in M ex ica n G overn m ent 6 p er cen t bonds) had been re
80 m iles, w ith branch. D elta to Peach Bottom , 4 in.; to ta l 84 m iles A
ceived in A p r il, 1895, corresponding to a depth o f 20 fee t, and these
consolidation ea rly in 1901 o f the B a ltim o re & Lehigh R R . and Y ork
w ere exch an ged in 1895 fo r $2,934,600 o f 5 p. e. G overn m en t bonds.
Southern R R . per plan V. 72, p. 339.
St o c k —Stock authorized, $25,600 p e r m ile; outstanding, $47,960,
St o c k a n d B o n d s .—Stock authorized, $3,600,000, o f w hich $ ' ,997,- 100, in $100 shares.
510 reserved fo r fu tu re requirem ents. In 1902 the authorized issue of
B o n d s .—O f the p rio rity bonds $1,403,000 w e re paid o ff w ith proceeds
the first 4s w as reduced fro m $2,700,000 to $1,200,000, o f which o f subsidy collections, in terest ceasing A p r il 10, 1891; the balance,
$250,000 are reserved to re tire the Y o r k and Peach B ottom 5s and $5,597,000, is held as an in vestm en t by the tru stee o f the consoli
$400,000 additional fo r fu tu re purposes. V. 74, p. 94, 427. Y ork and dated m ortgage. See V . 52, p. 390. Th e consol, m ort., 4 p. 0., covers
Peach B ottom , Series “ A b o n d s are fo r $47,500, in terest A . & O.; “ B ”
the entire property, a ll old firsts deposited, and the subsidy earned and
bonds fo r $202,450, Int. M. & N. In 1901 3 per cent paid on incomes.
to be earned. (See abstract of m ortgage in C h r o n ic l e , V. 49, p. 177.)
R e p o r t .—F or ye a r en din g Feb. 28,1902, gross, $261,920; net, $80,In M ar., 1901, in addition to the $65,643,000 consol. 4s shown above
821; charges, $34,497; LaL, sur., $46,324. Pres., John W ilson B row n.
$3,268,000 had been certified b y the tru stee o f w hich $322,000 held
— (V. 74, p. 94, 427, 1139 )
fo r exchanges, $1,775,000 as c o ila te ra l fo r equipm ent bonds, £1,000, *
M a a o i i C i t y Sc F t . D o d g e R R . —Owns road from M ason C ity, la ., 000 purchased b y tru stee under subsidy trust fu nd and $171,000
to Lehigh, la ., 88 miles, and branch, 4 miles. In Mar., 1901, Chicago issued to and ow n ed b y the com pan y.—V. 71, p. 1220. B oth series of
G reat W estern interests acquired all the stock and bonds, and e x incom es are non-cum. and secured by one indenture to the A m erican
tended the lin e n o rth erly from Mason C ity to M an ly Ju nction , L. Si T. Co. q f Boston. F irst incom es received 3 p. c, in terest in 1890.
1891 and 1892 ; none since. V. 72, p. 627, 880.
10 rnlies (com pleted N o vem b er, 1901), and from H am pton to
In January, 1902, the com pany Issued $10,000,000 co lla tera l trust
C a r l on, 30 miles (com plete^ Sept., 1902), at connections w ith
5-year 4 H p e r cen t bonds, secured by $16,129,000 consolidated 4s
i
the Chicag o G reat W est ; also Jn 1902 b ein g extended sou th w esterly
held in the treasury, the proceeds o f which w ere used to re tire the
to Omaha (to be com pleted in Dee., 1902 . and w est to Sioux City,
about 250 m iles additional; the tw o 0. G. W. branches from Mayfield, $6,000,000 notes issued in paym en t ot M o n terey & M exican G u lf RR.,
Minn to M a n ly Jet., la ., 49 m iles, and from W a v e rle y to H am pton, la ., i the balance to be applied to >50 m ile extension o f th a t road to main
42 miles, arran ged to be tran sferred in Mar., 1902, w ill extend the road 1 line, paym en t o f about $2,0003 00 Moating debt, im provem ents, etc.
as thus proponed easterly to the (5 G. W. main line. T h e road is oper- ! Bee V. 73, p. 957; V, 74, p. 205, 726; V. 7->, p. 29.
ated as a pa rt o f the C G. W system m iner an a greem en t dated A p r. j F i n a n c e s . — A readjustm en t plan to re tire th e Incomes, etc., and to
1,1901, running fo r 100 years, p rovid in g th at all n» t earn in gs above im p rove the financial position o f the com pany was under consideration
4 per cent, in terest on new bonds to be issued shall go to the la tte r, the
In O ct., 1902.
stock to be exchanged fo r Chic. O t W estern common stock, dollar for
E a r n in g s .—M exican our. ? 1902..Gro«s, $13,491,608; net, $4,022,739
dollar. V, 73. p 5 6 6 ,6 1 6 ,7 2 2 . In Oct., 1902, new stock and bonds
Jan, 1 to A u g. 31 (8 mos.) S1901,.Gross, 11,544,014, net, 3,105,018
had not been issued, in yea r en din g June 30, 1902 (102 m iles), gross,
a n n u a l R e p o r t - Fiscal y e a r ends Deo. 31.
R ep ort fo r 1901 was
$297/7H>; net, $155,218; taxes, $10,800. (V. 73, p. 6 1 6 )
given In V. 74, p, 983, 1034; sec also editorial, p .9 6 3 . T h e gross
71 uttwn w I p p i V a l l e y I t y . — Provin ce Cine to L en o x vlU e, Quo., 31
earnings below are Mexican cu rren cy ; all other figures V. B. currency.
miles, w ith branch. 3m ; trackage to Sherbrooke, Quo,, 3m.; total, 40 Th e com pany received fo r Its M exican dollars an a vera g e o f 47'82 in
miles. Leased fo r 999 years from July 1, '70, to the Connecticut A 'as
1901,48*92 cents In 1900, 48*41 cents in 1809.
ftumpsic R ivers RR. Stock, $8O0,06v; par o f shares $100; dividends
I NC OME A C C O U N T
(U. H. CURRENCY E X C E P T AH INDICATED),
payable Feb. and A u g 1. D ividends fo rm erly 5 p. 0 ; 6 p. c since
Jan 1, I S97, O f the lock, $400,000 owned by the Conn, S Pass. R ive r
c,
Year en ding Dec. 31— 1001.
1900
1899.
1898.
Is deposited under Its m ortgage and $50,000 Is represented by
A.v’ g c m ile s operated
t , i 35
2,054
2.010
3,050
COBneettout. T ru st 1* Hate D eposit Co* o f H a rtfo rd 5 per cent tru st ccr
Gross earns Me x. eur$ 17,4 93,873 $17,223,878 $15,002,065 $1.3,588,966
t Hi nates. (See SUTPLKM e .\t o f October, 1.901.)
N et eaniH, M ex.our,. $4,9 86, »■6 3 $5,373,683 $5,199,095 $4,427,534
Do do tel (LH. cur2,384,598
2,628.577
2,516,961
;; 962,805
71 i-nd v l l l r C o n i i c m i t I^ a k e Sc ffR n e w v lI le .— Mosul Vi lie to Llne?t
182,517
115,720
187,110
142,858
vtile, pa.. 71 miles, and branches, 2 mites; total. 23 miles. Leaded to Mined* In (J. 8, cm*.,
June H, 1989, to Flttsbtirg BeiHcrner St Lake ite le HR.; rental, 25 per
N et Income.
.. $2,507,115 $2,711,297 $2,701,871 $3,205,662
j cent of gro s earnings. 8 took, $200,000; par, $50.
Fixed ch a rges.........
2,93 ,276
2,788,204
2,6 u4, h73
V,676,652
M e m p h i s F i I * a » ft A P a r l f l r H R . — V. 75, p. 666.
t l i m p h l n H e l e n a Sc h n u lm la n u I I ) . -V’ . 73, p I 160.
Balance . _____
d f.$370,1 01 sur $0,097 Mtir.$09,196 df.$410,000
545,000
None,
40J-23
477,947
11e x I c a n <!♦■ n trial I t y , f i l m M ed ( T f e x i e o ) . —f Bee Map.) - M ileage Bubs’y ao’t In TJ.H.cnr
7
i —Main line M exico 01ty north to Juarez City, 1,224 in it en. 407 miles
Result, sur
..
$174,839
$6,093
$1>8,421
$68,067
on Tam pico Division, 12 miles on Guanajuato Branch, 161 tulles on
j Guadalajara Division, 55 mil s on Airmen, E xt,, 44 miles on F*aehnea 1 Gliairman of Board, 14. ( 'la y Pierce; P res'l, A A IP d d ir on; Clomp*
Division. Bar extension 6 m iles, 40 miles on Laguna Kx t and other
1 ro ller, G abriel M erton. Olbee. T ' ! o liv e Ht.. HI. Louis. Mo. Direcbranches 12 miles ; M exico City B elt Lin e, 6 m iles; Barrel < xinii
tor«. vfuy, 1902, V, 7 4, p. 988. (V. 75, p 29, 77, 240, 498.)
M a n h a t t a n B y .— (Concluded.)
Year ending J u n e 30—
1902.
1901.
1900.
*.911
$9,416,887 $9,138,573
Gross earn in gs............................ $10,6 6 s
N et o v e r op era tin g e x p ..............
5,147,326
4,163,658
3,905,953
Other in com e..........
625,800
836,383
831,325
In terest, rentals and ta x e s ____
2,699,671
2,677,706
2,707,765
D ivid e n d s.................................... (4)1,920,000 (4)1,920,000 (4)1,920,000
INVESTORS’ SUPPLEMENT,
SS
[V o l . L X X V .
Bo teas—r niici*
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Due.
A m ou nt
of
of
Par
F o r explan ation o f column headings, Ac., see notes
Outstanding R a te per W hen W here P a ya b le, and by Stocks—Last
Road. Bonds Yalue.
on first page o f tables.
Cent.
P a ya b le
Whom.
D ividend.
R A IL R O A D S .
£100
1899
Mex. Cent. R y Securities C o .,L im —A deb. stock 4%
100
1899
B deb. stock, 4%, cu m .............................................
615 1897 £100<fcc
Mex. I n t .—Pv. lien ,£1,200,000,red.at par. Un.xc*«fcr
1st con. M ., $16,000,000, g., n ot guar.M p.xc*<fcr 848 1*97 $500&c.
847 1897 500 A c
Do
g., gu. stp., sub. to call 95 to M ch , ’07
In co m e 4% bonds (no m o rt.), n on -cu m u la tive...
M e x ic a n N a t io n a l—See N atio n al RR. of M e xi CO.
83
100
M exican N o rth e rn —S to ck ...........................................
1,000
83 1890
1st m o rt.,U . 8. gold coin, s.f. n ot called.M o.c*«fcr
£10
M exica n R a ilw a y , L im ite d —O rd in a ry shares.........
£10
. . . .
1st preferen ce stock, 8 p er c e n t.............................
_____
£10
2d preferen ce stock, 6 p er cen t...................... .......
321
.. .
£10
P erp etu a l 6 per cen t debentu re stock...................
M exican So. R y.t L im — O rd in a ry shs., £1,000,000.
228 1896
1st M. 4% deb. stock, £700,000, red. 110. (T e x t)
2d M. 4% deb. stock, £600,000 red. at par, 90 y ’rs 228 1896
310 1893
1,000
Mex. Ouernav. < P a c.—1st M ., g., $25,000 p. m .M e .
&
M ic h i g a n C e n tr a l—S tock........................................
100
270 1902
1st m o rtgage, $i 8,000,000, go ld G .................c&r
M. C. M ichigan A ir Lin e, 1st m o rtgage. U n . . .c&r 115 1890 1,000Ac
152 1881
1,000
M .C .ls t M. on D et. A B a y C ity ($4,000,000).U n .o
152 1881 l,0 0 0 A c
do
do
bonds w ith o u t cou pons.r
84 ’ 79-’ 86 1,000
M. C. 1st m o rt on G rand R iv e r Val. R R . L n — c*
39 1889 1,000&C
M. C. 1st m ort. on K alam azoo & S. H a ven . U i i - . r
1896 l,0 0 0 A c
M. C. 1st M. T erm . $1,500,000 (V. 64, p. 886).OAr . . . .
1,000
Mich. Cent. 1st M. on Jack. Lans. Saginaw , g ,o*<fcr 350 1901
100
. . . .
Jack.Lans.A Sag. stock, S ^ p .c . y ’rly, gu ar.byen d.
. . . .
84
. . . .
100
G rand R iv e r V a lle y stock, ren tal in p erp etu ity...
1,000
. . . .
1873
Det. A B. C ity bridge bonds, end., no m ort. lien
1,000
B ay C ity A Bat. C. 1st M., g., gu .p.A i. en d .M p ..o *
18 1889
41 1889
1,000
Bat. C. A Sturgis 1st M., g., gu. p. A i . en d .M p .c*
1,000
Jo liet & N orth .In dian a 1st M., guar. p .A i. (ena.).c
45 1877
a E x clu sive o f $550,000 held b y sin kin g fund.
c O f w hich $16,814
M e x i c a n C e n t r a l R y . S e c u r i t i e s C o . , L i m i t e d . —This depos
ita ry com pany w as form ed in 1899, per plan in V. 68, p. 331, to acquire
the 4 p er cen t consols o f the M exica n C en tral R y. “ and to issue in th eir
place tw o classes o f securities.” The share capital w as raised b y a p a y
m ent o f £ 2 fo r each $1,000 bond deposited, fo r expenses, etc. Each
$1,000 bond deposited w ill re c e iv e £102 “ A ” and £102 “ B” debenture
stock, con stitu tin g a first and second charge re s p e c tiv e ly upon the
dep osited securities, both secured b y the same deed o f m o rtg a g e to
R ig h t H on. L o rd H illin gd o n , R ig h t H on. L o rd R ev elsto k e and H . W.
Smithers, trustees. F rederick M. Spankie, Secretary, 3 G racechurch
S treet, London, E. C.— (V. 68, p. 331, 524.)
M e x i c a n " P a s t e r n R R . — V. 74, p. 478.
M e x i c a n I n t e r n a t i o n a l R R . — {See M a p , page 9 6 ) —Owns in
M exico a standard gauge road from the cen tre o f the In tern ation al
B rid ge o v e r the R io G rande b etw een E a g le Pass, T ex. (w h ere conn ec
t i o n s m ade w ith the Southern P a cific), and C iu d a d P orfirio D iaz, v ia
Torreon, on M exican Central, to D urango, 540 m., w ith branches, 90
m.; R ea ta to M o n terey, 7 2 m .; branch to T lah u alilo, 43 m ; n ew bran; li,
ex ten sion D u ran go to Tepehuanec v ia S antiago Papasqu iaro. 135
m iles, com pleted in 1902; tota l, 880 miles. E xten sion proposed from
D u ran go to M azatlan, about 125 miles, on the Pa cific Coast. O rganized
under law s o f Connecticut.
In A p ril, 1902, control o f the road ($15,786,100 o f the stock) w as
taken o v e r b y the N a tio n a l R R . o f M ex ico as per plan V. 73, p. 784.
Sto ck .—A u th o rized $25,000,000; issued Jan., 1902, $20,708,200.
B onds.—I n 1897 reorgan ized , redu cin g fix ed charges on 659
m iles fro m $605,360 to about $448,650. Consol. 4s fo r $3,690,000
m a y be issued at $10,000 p e r m ile on 369 m iles o f proposed branches
and $800,000 are reserved fo r betterm ents, etc. The to ta l issue o f
consols is lim ited to $16,000,000. T h e N ational R R . o f M ex ico under
agreem en t o f June 30, 1902, has stamped $3,621,000 o f the consols as
guaranteed prin cip al and interest, these bein g also subject to call at
95 and in terest on or b e fo re Mar. 1, 1907. V. 75, p. 185. P r io r lien
4hjs, see V. 65, p. 151,1071. Consol. 4s o f 1897 listed on N . Y . Stock
E x ch an g e Feb., 1898. 8ee application in V . 66, p. 341.
E a r n in g s —M ex. cu r’ cy. > 1902
Gross, $4,172,287; net, $1,592,709
Jan. 1 to A u g. 3 1,8 mos. 51901___ Gross, 3,879,911; net, 1,715,657
A n nu al R eport .—R ep o rt fo r y e a r ending D ec. 31,1901, w as g iv e n at
len gth in V . 74, p. 772, 783; see also ed ito ria l, p. 753, sh ow in g earnings
as fo llow s: Gross on a v e ra g e o f 848 m iles, $5,960,825 (M ex ica n cur
ren cy); net, $2,370,672; in U. S. m oney, net, inclu ding oth er incom e,
$1,155,262; interest, etc., $559,660; bal., su rp lu s,$595,602. P res.,J . G.
M etca lfe. N. Y . office, 25 B road 8t.— (V. 74, p. 7 7 2 , 7 8 3 ; V. 75, p. 77,
185.)
M e x i c a n N a t i o n a l R R , —See N a tio n a l R R . o f M exico.
M e x i c a n N o r t h e r n R y , —Owns fro m Escalon, M exico, on the
M exican C entral R y., to Sierra M ojada, 83 m iles, a ll steel.
St o c k .—Ca p ita l stock is $3,000,000; see app lica tion fo r lis tin g on
N. Y . Stock E x ch an ge in fu ll, V. 64, p. 619.
D ivid end s .... ) 1892. 1893. 1894. 1895 99. ’00. ’01.
1902.
P e r cen t.......$ 6 ^
6^
6
4 y e a rly . 5
4 ^ In c .J u n e ,l1
^
In 1901, M ar., 1*4 p. c.; June, 1 ^ p. o.; Sept., 1 p. c.; Dec., 1 p. c.;
1902, M arch, i p. c.; June,
p. c ; Sep., ^ p. c.
B onds.—Th e m o rtgage is fo r $1,660,000, o f w hich $507,000 held by
th e sinking fund in June, 1900. See V. 60, p. 482.
A n n u a l R e po r t .—E arn in gs as fo llo w s in U. S. c u rre n c y :
Year.
Cross.
Net.
Other in c. Charges.
D iv id . S u rp lu s.
1900-1901...$642,132 $262,720 $39,262 $137,285 $142,500 $22,197
1899-1900... 638,552
255,185 31,226 131,804 142,500
12,107
1898-1899... 749,859
347,834 41,161 137,772 120,000 131,223
- ( V . 69, p. 1012; V. 70, p. 280; V. 72, p. 581, 1011; V . 74, p. 1089.)
M e x i c a n R a i l w a y , L i m i t e d . —See page 174.
M e x i c a n S o u t h e r n R y . , L I in * —See page 174.
M e x i c o C u e r n a v a c a A: P h c . R R . —M ex ico to Balsas R iv e r, 182
m iles, in operation, and projected to A capu lco, about 153 m iles.—V.
69, p. 332. A s to subsidy from M ex. G o v ’t, see V. 67, p. 901. In
June, 1902, the M ex ica n C en tral proposed to exeroise its option to
purchase the road and ex ten d it to A capu lco, on the P a c ific Ocean,
about 150 m iles. Stock, $6,000,000; par, $100; outstan ding A p r . ’02,
$3,872,000. Pres, and Gen. M gr., J. H. Hampson, M ex ico C ity, Mex.;
Sec., W. O. Staples, M ex ico City; Treas., E. E dgar W ilson, D enver,
C ol.—(V . 69, p. 3 3 2 ; V. 74, p 1196.)
M i c h i g a n C e n t r a l R R . —(See M ap a d jo in in g New Y ork Central
page.)—L in e o f R o a d .—M ain lin e—K ensington to D etroit, 270 m iles
and W indsor to Suspension B rid ge (Canada Southern), 226 m iles;
to ta l m ain line. 496 miles. Branches ow n ed and leased 1,147 m iles ;
trackage (111. Cent.) into Chicago under perpetu al lease, 14 m iles; total,
January 1, 1902, 1,657 miles. T h ere are 308 m iles o f second track
and 1,024 miles o f side tracks. In Fob., 1902, jo in tly w ith Lake Shore
& Mich. So. took o v e r D etro it T oledo & M ilw au kee RR., A lle g a n to D e
troit, M ich., 200 miles. V. 74, p. 379.
Org anizatio n , leases , A c .—R e-in corporated under gen eral law . See
in Dec., 1901, V . 73, p. 1208. C on trol w as acqu ired b y the N. Y . C
A H. R. RR. Co. in A p ril, 1898, as stated below .
N. Y . C. & H. R. RR. Co. in ’98 g a v e in exch an ge its 3 ^ per cen t
100-year gold bonds at the ra te o f $115 in bonds fo r $100 in stock.
V. 66, p .7 59. In M ay, 1902, $16,814,300 o f the $18,738,000 stock
had been acquired b y the N. Y . C. < H. R. R R . V. 66, p. 1238.
fe
£3,841,524
3,841,524
$5,850,000
S 362,000
3.621.000
4.499.000
3,000,000
a l , 110,000
£2,254,720
2,554,100
1,011,960
2,000,000
£1,000,000
650.000
594,786
130.000
cl8,738,000
10,000,000
2,600,000
^ 3,576,000
1,500,000
700,000
725,000
2,000,000
2,000,000
491,200
150,000
250,000
421,000
800,000
,300 held b y
4
London.
J A J 15
4
J & J 15 London, when earned.
4 ^ g. M. A S. London, S peyer Bros.
N. Y ., 25 B road St.
4 g- M A S.
do
do
4 g. M. A S
Sept. 1
Sept. 1, 1947
Sept. 1, 1977
Sept. 1, 1977
See text. Q .- M . N. Y ., office, 27 W m . St. Sept.4,’0 2 ,^ %
do
do
Dec. 1, 1910
6 g. J. A D.
See tex t. M. A N. G lyn, M. C. & Co., Lon. M ’y 15,’02,*4%
6
2*2 i n ’ 01
4
4
5 g.
4 in 1902
3^g.
4
$ 5
l
5
6
5
4 g.
3^g.
3*s
5
8
3 g.
3 g.
7
N. Y . Ce
J. A J.
N o v.
F. A A .
F. A A.
A . A O.
J. A J.
M. A N
J. A J.
M. A S.
Q .-M .
M. A 8.
M. A N.
J. A J.
M. A S.
M. A 8.
J. A J.
M. A N.
J. A D.
J. A D.
J .io -J .ro
n tra l A
G lyn , M. C. A Co., Lon.
Perpetu al.
N o v. 1, ’0 1 ,2 ^
N. Y ., M ere. Tru st Co.
N. Y . Gr. Cent. Station.
R eg .a t G.C.S; cp.atG .T.
Rg.atG .C.S.; cp .atU .T r.
N. Y ., U nion T ru st Co.
N .Y .jG r ’ d Cent. Station.
N. Y ., U nion Tru st Co.
N. Y ., Gr. Cent. Stat’n.
R g .a t G.C.S. ;cp .a tU .T r.
Rg.atG .C.S.; cp.atG .T r.
N. Y., Gr. Cent. Station.
Jackson, Mich.
N . Y ., U nion Tru st Co.
do
do
do
do
N. Y ., Farm . L .A T r . Co.
H. R. R R . Co.
Oct. 1,1943
Ju ly 29, ’02, 2
M a y 1. 1952
Jan. 1, 1940
Mch. 1, 1931
Moh. 1, 1931
Sept. 1, 1909
N ov. 1, 1939
Ju ly 1, 1941
Sept. 1. 1951
S e p t.l, ’02, 1 \
J u ly ,’02, 2*3%
M a y 1, 1903
Deo. 1, 1989
Dec. 1, 1989
Ju ly 10, 1907
Canada Southern Contract.—See th at com pany.
Dividends. >’ 83 ’ 84 ’ 85-86 ’ 87-89 ’ 90 ’ 91 ’92-94 ’95 to J u ly,’02
P ercen t— $ 5
3
nil.
4 y e a r ly
5
5
5 ^ y ’r ly
4 y e a r ly
Bonds.—Battle Creek < S tu rg is bonds fo r $500,000, but o f this $79,&
000 w as sub-guaranteed b y the Lake Shore A M ich igan Southern, 7
miles o f tne B. C. A S. being operated b y th a t com pany. T h e $2,000,000 3 ^ s o f 1901 a re a first m o rtg a g e on the Jackson La n sin g &
S agin aw RR., 350 m iles—(V . 73, p. 1061J In A p ril, 1902, $18,000,000
o f 3 ^ 9 w ere authorized, dated M a y 1,1902, o f w hich $10,000,000
w ere sold to retire the first 5s and 7s, m atu rin g on th at date, the
rem ainin g $8,000,000 bein g reserved fo r additions, im provem ents,
etc. V. 74, p. 728.
E arnings.—F o r 6 mos. en din g June 30 (1902 p a rtly estim ated ):
6 mos.—
Gross.
Net.
Changes.
Levs.
B a l , sur.
1902 ..........$8,846,000 $1,830,000 $1,310,000 $374,760 $145,240
1.777,995
1,380,313
374,760
22,922
1901 .......... 8,815,957
A n n u a l R eport.—R e p o rt for 1901 was in V. 74, p. 1035.
Year en d in g Dec. 31.
1901.
1900
1899.
Gross earnings.............................. $18,490,273 $16,730,131 $15,504,062
Op. exp . and ta x e s ...................... 14,745,964 13,229,490 12,004,116
Net earnings................................... $3,744,309 $3,500,641 *$3,499,946
3,814.048
3,545,735
3,544,624
N et,in cl’g oth er in c ......................
Rentals p a id ...................................
184,310
184,310
184,310
In terest on d e b t............................
2.271,250
2,219,908
2,229,975
375,238
300,852
300,574
.'an. Southern share......................
N ew second tr a c k ..........................
210,000
80,000
65,000
M iscellaneou s................................
...........
4,402
10,326
D ividends........................................ (4)749,520 (4)749,520 (4)749,520
Surplus.....................................
$23,776
$6,743
$4,919
- ( V . 73, p. 1 2 6 0 ; V. 74, p. 94, 728, 988, 1 0 3 5 , 1139, 1355.)
M i d d l e t o w n L n i o n v i l l e A W a t e r G a p R R . - f ^ e M a p N. Y.
Susquehanna & Western.)—Owns from M idd letow n , N .Y ., to U n io n v ille ,
N. Y ., 13-65 miles. Stock, $149,850; par, $50. Controlled through
ownership o f stock b y N e w Y o rk Susquehanna A W estern, which
pays in terest on bonds. In year en din g June 30, 1901, gross, $63,274;
net, $12,584; charges $21,923; bal., d eficit fo r year, $9,339. In
1899-00, gross, $61,759; net. $ 1 4 ,5 8 9 .-(V . 64, p. 664.)
M i d l a n d M y . [ ( N o v a S c o t i a ) . —V. 75, p. 611.
M i l l C r e e k Sc M i n e H i l l N a v i g a t i o n Sc R R . —M ill Greek Jc. to
Broad M tn., Pa., 3*8 m iles; branch 3*3; 2d tra ck 3*8 m.; to ta l Crack,
33 miles. L eased in 1861 fo r 999 years to P liila . A Read. RR ., lease
assumed in 1896 by P liila. & Read. R a ilw a y ; ren ta l $33,000 and taxes.
M i l i e u Sc S o u t l i w e s t e r n R R . —M illen to S tillm ore, Ga., 32
m iles. In Ju ly, 1902, extensions w ere proposed from S tillm ore south
to W ay cross, 80 m iles (o f w hich 21 m iles from S tiLlm oreto V id a lia was
com pleted), and from M ille n northeast to the Savannah R iv e r, 30
miles. Stock J im e 30, 1900, $39,000. Th e en tire $800,000 issue of
bonds (C itizen s’ Bank o f Savannah, tru stee) is p le fig td as security
fo r a tw o -ve a r loan o f $450,000, due 1904, to be liq u id a ted from the
sale o f bonds. Th e proceeds w ill be used to con stru ct exten sion s and
purchase a d dition al equipm ent. V. 75, p. 185. F o r yea r ending June
30, 1901, gross, $42,485; net, $9,43^, against $12,374 in 1899-0.
President, C. D. B aldw in ; Secretary, Treasu rer and Gen. M gr., Frank
R. Durden. Office, M onte, Ga.— (V . 75, p. 77, 185.)
M i l w a u k e e R e n t o n H a r b o r Sc C o l u m b u s R y . —See p. 174.
M i l w a u k e e & L a k e W i n n e b a g o R R . — (See W isconsin cen tra l.)
M i l w a u k e e Sc M i n n e s o t a R R . —V . 74, p. 427; V. 75, p. 342.
M i n e H i l l Sc S c l i u y l k i l l H a v e n R R . —See pa ge 174.
M i n e r a l R a n g e R R . —See p. 174.
M i n n e a p o l i s Sc St. L o u i s R R . —(See M a p .)—Owns main line
M inneapolis to Angus, la., 260 miles; W estern D iv., H opkins to Watertow n , S. D., 215 m iles; K a lo Branch, I^ q m iles; Lake P a rk Branch, l 1
*
m . ; W inth rop, Minn., to Storm L ake, Minn., 154 miles. Leases track
age from M inneapolis to St. Paul o v e r St. Paul A North. Pac. R R ., 10
m iles; to ta l operated, 642 miles. A lso owns, hut leases to Bur. C. R.
A Nor., A lb e r t L e a to Io w a State Lin e, 13 m. In JaD., 1902, branch
to W hite B ear Lake, 13 in., w as sold to North. Pacific. V .74, p. 94.
H istory .—A reorgan ization in Oot., 1894, per plan In Y . 59, p. 371,
o f R ailw ay foreclosed under im p ro vem en t and equipm ent m ortgage.
[n Feb., 1899, purchased (V . 68, p. 672,) from the R ock Islan d 123
m iles, M orton to W atertow n , So. Dak., p a rt o f the 217 m iles o f the
unbonded Wis. Minn. A Pao. th e reto fo re operated b y Minn. & St.
Louis, but accounts kep t separate. A lso bu ilt extension N e w Ulm
branch through rich grain and. live-stock cou ntry to 111. Central RR.
at Storm Lake, la ., 135 miles, w hich w as com pleted about July 1,
1900. V. 68, p. 130. In June, 1900, persons id en tified w ith Minn. A
St. L. obtained control o f the IowT C en tral Ry. V. 70, p. 1249.
a
Stock.—The capital stock is, comm on, $6,000,000; p referred ,5 p. c.,
non-cum ulative, $4,000,000. The preferred, is en titled to dividends at
5 per cent, and then com m on to 5 per cent, then tiotli share pro rata.
Th e $2,500,000 first pref. was paid o ff at par on June 1, 1899.
D ividends (p. o . ) ) 1896. 1897. 1898. 1899. 1900. 1901. 1902.
P re fe rre d ......... > 3
3
3^
4^
5
5
5
Com m on......... _ )
None.
1*3
4
5
Bonds, Etc.—Bonds issued under the m ortgage due June, 1927, num
bered from 1,101 to 1,400, fo r $500 each, additional to those above
w ere assumed by the Burl. Cedar Rapids A Northern R R .
a
Leech L
.
Kahbekana'
/ \
00
V a lley C;
Davenportj
PACIFIC
V « N0RTHERN
La
E dgeley c>
—
'Moose L
RAILROAD
» Park ■ ^ r a ln e r c l^ M $ lt Lacs
Rapids
\)\
H in c k le y ^ ^ ^
Oakes
M onan gw -
MINNEAPOLIS & ST. LOUIS
Barnes V. ^ot
^ n r id g e
•antsburg
Ellendale?
Elbow
Eureka
• ’ s Valle;
wel
Rush CyW o*
lehwobd-^s
pooner
&
Prentice\s^S_
'Turtle
Monico Jc.
BenScm
Chippew a Falls
RAILROAD STOCKS AND BONDS.
P IE R R E
\ \ Vienna'
£
ron
W olsey
arshall
___
Elkton
Tracy
Vilas,
Chamber!)
A rm ou r
tgemont
Madiso'n
Parker
anoiT
Scotland
S h fil» ^ •&/
H
aleijrh
C
M _ Terrill J
-A *
A
**/ M. Lnnednnf
<?/
SPENCER^*
o
Oreenvillc U
C« .Alton & CornellJQ
.unning
Niobrara
Valentine/
Butka
Alliance
B rew ster,
w* S \
iapleto^
A bbott
^ ' G l'inu(
Montezum
Nichols
Columbus Jc.
Know lton
x'
ebraska
Exete;
lam biu 'g/
v\ M aryvlllevC
Beatrice
Superior
,\yttonl Irving'
Stockton
L i mol
Gilman c a \
Leon
/
Moravia
C enterville
ie y m o u r^ " $
,
yKMadisou
.1
I a Fa> eUc
Ciiamjvih:
Horton
A od e^ A L a riata W.Quine
pAltnmoni
.Cameron
eektur
HimuIbalTlX
Bnsdh^
Louisiana'
Moberly
Ann.'ula tv
Foley
Oakle;
Colorado
Sprs.
.
Carth;
/Atchiso
•owns
i
'Conception.
Pattoiisbur
iellevii:
.Ldnora o
Dw ight
Napier
aVvnde
Y uma
Colby
itreato
X
A/
xy/ />
Minden
^O k . /
^©publican
Liseatiue
12*a W aiielU
......w / r t.
David
lentral City;
Grand Islal
Kearney
H oldregi
>ubuque
/
^ X L 'in u
Tam a
Cedar Rapids
Columbus,
enesa’
I
Beloit
A ^ ^ V a te r loo ~
t ^ % S ? iur n
Marshall
.Onaw
\ Albion
x. Lena
Culbertsl
]
[Clermoni
iKALO
Ericson Y
T
du Chien
Ossian
Oelwein
^ C e d a T T a lls ,
W ayne'
L w i
Viroqtia
Decorah
Enmiettslx
/ManRow
Ripdn
IOUX RAPIDS
H artln gton
Oakdale
Wiuneeouue
a Crosse
‘flk N o r a Jc.
W ak efield
Wend{>ver
Winon.
Rochester \S
L a Cresceni
N o rth wood
V^Janly Jc>
R andolph
SterHBj
Greeley
1S02
#Dunnell
ylluntinirton
f
Armstroni
tESTHERVILli
Bassett
Ainsworth
Centralia
bosha
.Otisco\
lllartland
i Mnnchjsti
d itch el\ sa lem .
rs ro u y X
\ fa l l s f \
White
Julesbui ;v
O ctober,
\La.Fay^ttojCr
"Kloasner^.’
NEW\U.LMjfc^L
—Searles^F
Hanskaj^tt
La Salle#
Ml
Woonsocket.
u ffa lo Gai
0 co n io
Clinton
It e d f& d
Orient
Deadwood -qAj.
Marinette
Eland
’ Abbotsford
Eau^Clairo
Elrod
^
Perabine
Chelsea
Roscoe
x ^°
\
CONNECTIONS.
&
eneastlc
v ^j>erre Haute x
olumbnk
teM ield
S ffiU Cy.
Seyn^oi
Olney
HerhigtonMo
Sedalin
McPhei-son
Jetmore,
L a Junta
» Syracuse
atch
to p.
D odge Cy.
Great Bern
'lore ne
utchins'
> y\
santa
JE F FE R S O N
C IT Y
Clinton
Bagno 1
1
OentmUn \ m t. O m n e
Vm ecim r
ison
XJSTVESTORS’ SUPPLEMENT
90
|V ol . L X X V .
Bonus—Priixi 1
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
p a l,W h e n D te.
A m ou nt
Par
of
of
F o r explan ation o f column headings, &c., see notes
R a te per W hen W here P ayable, and by Stocks—Lubt
Road. Bonds Value. O utstanding
on first page o f tables.
P a ya b le
Whom.
Cent.
D ividend.
R A IL R O A D S .
13 1866 $100&c.
Middletown Tin. <* W. Cap— Is tM ., ext. in ’ 86........c*
£
1871 500 <fec.
2d m ortgage, int. guar. ext. in 1896 (see t e x t)..o '
M id la n d R R . o f N .
See N. Y . Susquehanna & W e s t .
M ill Oreelc < M in e H ill Nav. < R R .—S tock.............
&
&
. . . .
1902
1,000
M ilie u & Southwestern—
rnort., $800,000, gold ..
1,000
27 1897
M il. B enton Harb.di Col.—Cons. M., g., $900,000. JJ e
M ilw aukee L a k e Shore & Western—See Chicago & N o r t H-WE8 TERN.
Milw aukee < Lake Winnebago— See W isconsin Ce n t r a l R y .
£
Milw aukee < Northemv—See Chicago M ilw au kee < St. P a id.
£
fc
52
50
...
M in e H ill & S ch u y lk ill H av.—Stock (6 p. ct. r e n ta l).
66 1891 500 &0.
M in e ra l R a n g e r-Cons, m ort., tex t, g., red. at 105. c
66 1901 100,0 0
G en eral m ortgage, in t guar, b y Can. P a cific F .
1,000
20 1891
Hancock & CaL, cons.,M. g.. red. at 105, ass’ d ...
100
JH lvm ea polis & S t. L o u i s —Common s to ck .C e ___
100
P ref. stock (V . 70, p. 1150), 5 p. c., non-cum .C e..
1,000
27 1877
1st M., Minn, to M erriam Jnuo., g o l d . F P ........ c*
81 1877 500 &c.
1st M., M erriam Junction to A lb e r t Lea ,gold .
1,000
102 1879
Io w a ext. 1st M., g .(A l. L e a to F t. D odge) g .C e .c '
53 1880
1,000
M ort.on Southw. exten ., g. ($12,000 p. m .)O e..o *
92 1881
1,000
Pacific extension 1st m ortgage, go ld .C e ........ c*
1894
1,000
F irst consolidated M., $5,282,000, g o ld .C e . c*<fcr
1,000
283 1899
1st & ref., M., $25,000,000, g. ($18,000 p .m .K C e.
100
M in n . St. P < S. Ste. M .—Stock (k* 7% pf. m-cum.)
£
1,000
495 1886
Minn. Sault Ste. M arie & A tla n tic 1st M .g .C e . .c*
286 1886
1,000
M inneapolis & Pacific. 1st M., $15,000 p. m .c e .c *
1,000
Consol. M., gold, int. guar, (en d.)—See t e x t Ce.c* 1,307 1888
1,000
2d M., $5,000,000, gold, int. gu ar. .< e ................ 1,307 1899
Car trusts June 30, 1902 .......................................
. . . .
190*2
1,000
M in n . S. SI. P.<£W.— 1st M .,$10,000,000, g., t e x t S
1886
1,000
M innesota Tra n sfer—! st m ort.— ($480,000 are 4s>c
.. .
1,000
M in n . < N o, W isconsin—1 st m< rt., $200,000, g . .c*
&
50 1902
1,000
22 1902
M ississippi Arkansas < Western—1st m o rt , gold
&
b $ 551,000 .
a O f which $282,000 held in treasu ry June 30, 1901.
F.c*
A s to first consol, m o rtg a g e see abstract V . 59, p. 1145. T h e re
fu n d in g m o rtgage o f 1899 lim its the first consols to $5,282,000.
F irs t refu n d in g m o rtg ag e o f 1899 is fo r $25,000,000, o f w hicn
$10,000,000 reserved to re tire u nderlying bonds and $6,849,000 fo r
fu tu re extensions, im provem ents, etc., under severe restrictions. The
m o rtg ag e is a first lien on 277 m iles o f road, etc., and a blan ket lien on
rest o f p rop erty.—V. 68, p. 187, 332. See application to list, V . 69, p. 32.
E a r n i n g s — 11 mos., > 1901-2........ Gross, $3,200,544; net, $1,311,176
J u ly 1 to M ay 31. > 1 9 0 0 -1 ...."G ro s s , 2,975,155; net, 1,211,968
A n n u a l R e p o r t .— A n n u al m eetin g 1st Tu esday in Oct. R ep o rt fo r
1901*02 is g iv e n at len gth in V . 73, p. 953, 961; see also edit., p. 934.
Year End,ing Ju n e 30
1900 01.
1899-00.
1898-99.
A v e r a g e m iles operated.................
633
514
436
P a s s e n g e rs ...................................... $703,826
$601,836
$494,031
2,117,553 1,860,258
F r e ig h t ............................................ 2,413,134
M ail, express, A c ............................
158,5*4
143,921
145,715
Gross ea rn in gs....................... $3,27%504 $2,863,310 $2,500,004
N e t o v e r ta x e s ...................................$1,318,887 $1,163,922
$977,299
O th er in com e....................................
188,807
200,266
196,597
T o ta l n et in com e................... $1,507,694 $1,364,188 $1,173,896
In te re s t p a id ...........
897,220
892,540
659,540
D ivid en d on p r e f stock .................(5)200,000 (5)200,000
*294,583
D ivid en d on com m on sto ck ............ (4;240,000 (1 *2)90,000
‘ ” 55,694
Rentals, etc— ................................
56,711
57,024
Bal. surplus fo r y e a r................ $113,762
$124,624
$164,079
O f f i c e r s .— Presiden t, E d w in H a w le y , N e w Y o rk ; V ice-P resid en t, L.
F , D ay; S ecretary, Joseph G askell, M inneapolis; T reasu rer, F. H.
D avis, 25 B road Street, N e w Y ork .
Directors—E. Hawiey, H. E. HuntiiiuL n, E. Lansdon, F. E. Palmer, F. H. Davis’
John E. Searles, New Y
rork; L. C. Weir, Mew York; George Crocker, New York.
L. F. Day, Minneapolis.
—(V . 73, p. 9 5 3, 9 6 1 , 1264; V. 74. p. 94, 1089; V . 75, p. 549.)
M i n n e a p o l i s St. P a u l & S a u l t Ste. M a r i e R y . - Owns main
lin e from Sault Ste. M arie, Mich., v ia M in neapolis to P o rta l, N orth
Dak., a t the In tern a tion a l boundary lin e th ere co n n ectin g w ith the
Canadian P a cific , 1,039 miles; branches, H ankinson, No. Dak., to Bis
marck. 222 miles; W ishek, N orth Dak., to P o llo c k , 70 inil^s; other
branches, 98 m iles: spurs, 23 m iles; to ta l Sept., 1,902, 1.452 m iles;
also has term inal trackage in M inneapolis, St. P a u l and Sault Ste
M a rie a g g ie g a tin g 19 m iles. E x ten sion s and additional branches are
proposed. V. 75, p. 730.
H i s t o r y .—F orm ed June, 1888, h y consolidation o f the M inneapolis
Sault Ste. M arie & A tla n tic, the M inneapolis < Pacific, etc. (See V.
fc
46, pp. 538, 609.) Controlled b y Canadian Pacific, w hich J u ly 1,1902,
ow n ed $7,066,600 com m on and $3,533,400 pref. stock, etc.
St o c k .—A u thorized, com m on, $14,000,000; p referred , $7,000,000,
o f w hich the Canadian Pacific on J u ly 1. 19 2, ow ned $7,066,600
comm on and $3,533,400 p referred. P re fe rre d stock has a p rio r rig h t
to 7 p er cen t (non cu m u lative); then com m on to 7 p er cent; then both
classes shar* pro rata. In 1902 divid en d s w ere ex p ected to be begun
soon. V. 75, p .5 4 9 .
B o n d s .— Can. Pac. guarantees b y endorsem ent 4 per cen t in terest on
a ll the bonds assenting to a redu ction o f in terest to 4 per cent. (See
V. 50, p .7 84; V. 51, p. 239. A b o u t one h a lf the Minn. < Pao. bonds
te
and p ra c tic a lly a ll o f the oth er issues assented. V. 54, p. 799.
A b stra ct o f M inneapolis S a u lt Ste M a rie < A tla n tic m o rtgage in V. 45,
£
p. 243. Th e consol, m ortgage o f 1888 (trustee, Central Tru st Co., m ort
gage abstract C h r o n i c l e , V. 47, p. 142), w as fo r $21,000,000 on 800
miles (sufficient o f this am ount bein g reserved to retire the p rior
bonds) and fo r $20,000 per m ile on a ll addition al m ilea g e. V. 73, p. 185.
O f the $5,000,000 2d 4s o f 1899 $3,500,000 w ere issued to take
up certain m atu rin g in terest-bearin g obligation s and cu rren t ca p ita l
expen ditu res and fo r eq u ip p in g or term in als and additions, the re
m ain ing $1,500,000 to be issued h erea fter from tim e to tim e o n ly as
required. V . 68, p. 669, 771, 977; V. 71, p. 645.
L a t e s t E a r n s .—2 mos. > 1 90 2....Gross, $1,172,248; net, $539,786
J u ly 1 to A u g. 31.
J 1901. ...Gross,
9^8,508; net,
444,250
R e p o r t .—R ep o rt fo r yea r en din g June 30, 1902, was in V 7% p. 730.
Year.
Gross.
vet.
Int.,t.nxe$,e(c. New equip. B a l.t sur.
1901-02... $6,222,387 $3,280,760 $1,694,259 $300,000 $1,286,501
1900-01... 4,.p 17,075
'
1,952,737
1,624,864
...... .
327,873
- ( V . 71, p. 6 1 5 ; V. 73, p. 185, 8 9 7 : V. 75, p. 549, 611, 7 3 0 .)
M i n n e a p o l i s S u p e r i o r S t. P a u l & W i n n i p e g ] H R , - S e e
S u p p l e m e n t o f July, 1902.
M i n n e s o t a Ac rvortli W i s c o n s i n 1 1 R .—See page 1”4.
M i n n e s o t a T r a n s f e r I l y . —U nion road, ow n in g 13 5 m iles, e x
ten din g from ju n c tio n w ith Chio. M il. < 8t. Pau l at M erriam P a rk to
fe
F rid le y (w ith stock yards, etc.); side tracks 36*23 miles; to ta l 49*73
m iles.— (V 67, p. 956)
Stock, $63,000, eq u a lly ow n ed by:
Chicago Milwaukee & St. Paul, Northern Pacific, Chicago St. Paul Minn. &
Omaha, Minneapolis & St. Louis, Wisconsin Central, Chicago Burlington &
Quincy, Great North., Chic. Great VYestern and Minn.St. Paul A Sault Ste. Marie.
A d d itio n a l bonds can be issued fo r p ro p e rty and im p rovem en ts as
required. P rin c ip a l o n ly is p a ya b le in gold. M o rtga g e trustee, St.
Pau l Tru st Co.. St. Paul, M inn.—(V. 66, i>. 1238; V. 67. p. 956.)
M ississip p i A rk a n s a s
W e s t e r n K y . —Owns from a poin t
in D rew County, A rk., to Gaines La n d in g on the M ississippi h ir e r in
$150,000
250,000
5 g. M. & N. N. Y ., N. Y . Susq. & W. N ov. 1, 1911
June 1, 1910
5
J. & D.
do
do
323,375
See tex t.
405,000
10
4,210,200
593,000
1,000,000
325,000
c6 ,000,000
<14,000,000
455,000
950,000
1,015,000
636,000
1.382,000
a 5 ,282,000
b8,151,000
21,000,000
8,239,000
458,000
22,452,000
3,500,000
339,605
See text.
1,385,000
150,000
220,000
c$174,30
5*2
4 g.-5 g.
4 g.
5 g.
5 in 1902
5 in 1902
7 g.
7 g.
7 g.
7 g.
6 g.
5 g.
4 g.
J. & J.
Ph iladelph ia.
5 g. M. & S. N .Y ., M erca n tile Tr.Co.
4 g. & 5
4 (5)
4 g.
=
4 g.
J
J.
J.
J.
J.
J.
J.
J.
J.
J.
A.
M.
M.
<
fe
<
fc
<
fe
&
&
<
fc
<
fc
&
&
&
&
&
&
Ju ly, ’ 02, 5%
1932
Sept. 1, 1947
J. Phila.,O ffice, 119 8. 4th. Ju ly 15/02,3%
J. N ew Y o rk , 44 W ail St. Jan. 1, 1931
do
do
Jan. 1, 1951
J.
J. N e w Y o rk , 44 W a ll St. Jan. 1, 1931
J. N . Y . C entral Tr. Co. Ju ly 15,’02,2*2
do
do
Ju ly 15/02,21*
J.
do
do
Jan. 1, 1907
J.
D.
do
do
June 1, 1927
do
do
D.
June 1, 1909
D.
do
do
Dec. 1, 1910
do
do
A pr. 21, 1921
O.
N o v. 1, 1934
N.
do
do
Moh. 1, 1949
S.
do
do
J. & J. N. Y ., B ’k o f M ontreal.
J. & J.
do
do
do
do
J. & J.
do
do
J. & J
N e w Y o rk < Chicago.
fe
N ew York .
J. & D.
F. < A. ls t N .B ’k ^ t . Paul.Minn.
fe
J. & J M inn. L. & Tr., Minn.
5 g.
4 < 5
fe
5 g.
5 g.
0.
d $ 39.600.
Jan. 1, 1926
Jan. 1, 1936
Ju ly 1, 1938
Jan. 1, 1949
1903 < 1907
fe
June 1, 1942
A u g. 1, 1916
Jan. l/ 0 3 -’08
1 9 .2
Chicot County, A rk . In co rp o ra ted in Feb., 1902. Stock au thorized
$220,000 T iie A m erica n T ru st Si Savings Bank o f Cuicago is m o rt
ga g e trustee. V. 75, p. 442. Presiden t Geo H. M artin/ 309 F o rt
D ea rb orn Building, Chicago, 111. (V. 75, p. 442.)
M i s s o u r i K a n s a s & T e x a s R y , - R o a d .— Operates a Line w ith
northern term in i a t St. Louis, Kansas C ity and H ann ibal, Mo., ex ten d
in g southerly across the In dian T e r rito ry and the T ex a s cotto n b elt to
tid ew a ter at G alveston, on the G u lf o f M exico, and to San A n ton io,
T ex ., and S hreveport, La., w ith branches. (H See this com pany.)
Operated—not owned.
M ites.
R oad owned.
Miles.
M issouri K an , & T ex . R y .—
18
W ich ita F a lls R y ...................
fc
St. Louis to R ed R iv e r, T e x 629 D enison < W ashita Val. R y .
(V . 74, p. 1140)...................
20
H ann ibal to Fran klin J c ... 104
D enison Bonham & N . O r.RR.
24
Branch s to P a d a and P a r
Operated jo in t ly .
sons, Kan., and Stevens,
24
I . T . , & c .......................... 474 St. Louis to T ex a s Ju nction ..
Kansas C ity to P a o la .............
43
Mo. Kan. & T. R y. o f T e x .—
71
R ed R iv e r to H ouston, T e x . 548 W hitesboro to Ft. W o rth .......
7
Denison to H e n r ie tta ........ 112 Io la to Piqu a, K a n sa s...........
O ther branches................... 431 G a lvesto n Hous. & H e n d .... IT50
T o ta l operated June 30/02.2,555
T o ta l owned
2,298
The Denison Bonham & N e w Orleans R y., D enison to Bonham, T ex .,
24 miles, has been operated under a ten-year con tract since Dec., 1901#
O r g a n i z a t i o n , &c.—R eorga n ized in 1890, w ith ou t foreclosure, [plan
in V. 49, p. 719,] the old first m o rtgage being paid o ff at par.
The $12,890,000 stock o f the “ M. K . & T. R a ilw a y Co. o f T e x a s ”
is deposited w ith C entral Tru st Co. as trustee fo r nhe M. K . & T. secu
rity holders. (V. 54, p. 1047; V. 55, p. 298.) M. K . < Eastern w as ab
fe
sorbed in 1897, K. C. & Pac. in 1899 and Sher. Sh. & So. in 1901. V.
63. p. 30; V. 73, p. 609.
In 1902 the F t S cott Io la & W estern R R ., Io la to Moran, K an ., 15
m iles, and the M issouri Kansas & N o rth w estern R R ., Joplin to M in
eral, Kan., 29 m iles, w ere purchased. V. 74. p. 884, 1139 In Aug.,
1 9 0 L purchased thn in com pleted T r in ity Cam eron & W estern Ry.,
graded betw een G eorgetow n and G ran ger, 30 m iles. V. 75, p. 290.
In Ju ly, 1902, the M issouri Kansas & Oklahom a Ry. began to con
struct th ree lines in Oklahom a, a g g re g a tin g 275 m iles, v iz , G uthrie to
Stevens, I T., w ith branch from Oklahom a C ity and one from a point
in the O sage N a tio n to W ybark , I. T. See B onds b elow . V. 74, p.
1038; V. 75, p. 60S.
In May, 1902, the T ex a s & O klahom a RR. w as in corporated, w ith
$3,500,000 8tock,to build an extension from Oklahom a C ity to Colgate,
I. T., 105 m iles, and acquirn the Denison & W ashita V a lley R y., C ol
ga te to L eh igh , I. T., and branch, 6 m iles. Construction had n o t been
begun in July, 1902. See B o n d s below . V. 74, p 1038,1140.
L a n d G r a n t .— Land gran t in Indian T errito ry 3,110,400 acres, sub
ject to extinguishm ent o f In dian title. F o r status in 1897 and 1898,
see V. 67, p. 222; V . 65, p. 542, 594. (V. 55, p. 937; V. 61, p.1155.)
Sto c k .—In 1902 $820,000 additional stock w as issued to purchase
the Mo. Kansas & N orth w estern R R ., Joplin to M ineral, K an ., 29
m iles, and Io la to M oran, 15 miles. V . 74, p, 884, 1139.
B o n d s .— M. K . &. T. 1st and 2d m ortgages o f 1890 [abstracts in V
51, p. 495] co ver lin e from H ann ibal, Mo., to a poin t 80 m iles from
Houston, T ex ., 941 m iles [ex cep t 71 m iles o f trackage] and sundry
branohes, the to ta l m ilea g e m ortgaged bein g 1,601 miles, including the
Sherman S hreveport & So., but see below .
These m ortgages also co ver the rig h t to the land gra n t in the Indian
T errito ry. Firsts are reserved fo r T. & N. firsts; on Stock Exchange
to Oct., i9 0 2 , $39,718,000 had been listed.
Paym en t o f interest on
the second m ortgage o f 1890 is ob liga tory since the coupon o f Aug. 1,
1895; previou sly it received 2 p. c. In terest yearly.
T h e M issou ri Kansas < Eastern bonds o rig in a lly guaranteed w ere
£
assumed in June, 1896, the road fo rm in g the St. Louis extension from
Franklin, Mo., to T ex a s Junction, Mo., 162 miles. See V. 63, p. 30.
O f the St. Lou is d ivision 1st refu n din g bonds; $4,666,000 w ere reerved fo r the retirem en t o f both issues, the balance bein g fo r ex ten
sions and im p rovem en ts on the division. V . 72, p. 1034; V. 75, p. 608.
The Sherm an Shreveport < Southern m o rtgage is fo r $6,000,000 at
£
$20,000 per m ile; issued, $3,689,000, o f which $2,000,000 pledged
under M. K . & T. mort. o f 1890. T h e bonds, fo rm e rly guaranteed, were
assumed upon consolidation in M ay, 1901. V. 72, p. 1034, 1115.
G u a r a n t i e s .— D allas & W aco bonds are guaranteed, prin cip al and In
terest (issue lim ited to $1,340,000)
The B o o n ville B rid ge 4s are guaranteed, p rin cip al and interest, and
also as to sinking fund beginning 1911. V. 73, p. 494.
The Mr K . < T. in Texas m o rtg ag e secures $10,000,000 o f bonds at
£
$20,000 per m ile fo r extensions in Texas. T h e y are guaranteed prin
cipal and interest. See above, and gu aran ty V. 56, p. 604.
The Southwestern Goal < Im provem ent Co.'s bonds are guaranteed.
&
M o rtga g e ($1,000,000) covers the coal on 51,000 acres in Indian Ter
rito ry, and the com pany also ow ns 2,350 acres additional, the D en i
son < W ashita R y., 20 m iles, mines in a ctive operation, etc.
te
Th e Missouri Kansas & Oklahom a bonds a re gu aran teed, principal
and interest; the bonds are issuable at $20,000 per m ile on new m ile
a ge to bo constructed iu Oklahom a. 'h e T e x a s & Oklahom a bonds
are also guaranteed; o f the la tte r $968,000 are issuable on ly in ex
change, $ fo r $, fo r ihe Southwest. Coal A Im p. bonds; balance fo r con
struction at $20,000 per m ile. F orm o f gu aran ty, V. 75, p. 185. >.
74, p. 1038; V. 75, p. 733.
O ctober , 1902.J
RAILROAD STOCKS AND BONDS,
91
Bonds—P rlneiIN T E R E 8 T O R D IV ID E N D S .
Miles D ate Size, or
pal,W hen Due.
A m ou n t
Par
R a te per When W here P a ya b le, and by Stocks—L a st
of
of
For explanation o f column headings, too., see notes
Outstanding
Cent.
P a ya b le
Whom.
Road. Bonds Value.
on first page o f tables.
D ividen d.
R A IL R O A D S .
M issou ri Kansas < Eastern— See M is s o u r i K an
£
M is s o u r i K a n s a s & Texas—Common sto ck ........
P re fe rre d stock, 4 per cent non -cu m u lative........
Tebo. & Neosho 1st m ort., gold, s. f., red. at 100..
M. K . to T. 1st m ortgage, gold, C e ........................
2d M. (fo rm erly incom es), see te x t, go ld M e . ..
1st M. exten. bonds, gold. $20,000 p. m.< e ..c *
St. Louis D iv., 1st, r e f’ g M , $6,000.000.F . ..c*
Mo. K. to East. Is tM ., $4,000,000 g., assum.Ce.
2d m ortgage, gu aran tee 1, b ein g r e tir e d ........
Sh. Sh. to So. 1st M., $20,000 p. m., g., a ssu .C e.c*
Kan. C ity to P a c ific is t M., gold, a ssu m ed .C e...o ,
Guaranteed bonds—
D a lla s to W a c o ls t M., $20, OOOD.m. g .p .& i.g u .C e c *
M .K .& O k .,IstM ,$20,000 p. m.,g.,gu. p <fc1.Cec&r
Tex.to O k la ,,lst M ,$5,000,000. g. go.p.& i.T a e & x
M .K . to T .o f T ex a s 1st M . , $20,000 p.m . , g . , g u .f e c*
B oonv. Br., 1st M., g., gu. p. & i., end. 8. f C e ...o *
8. W. C. tolm p. Is tM .g u . p . & i.,s .f.. ca ll at 1 2 5 .F
M is s o u r i P a c i f i c —Stock ($100,000,000 auth.) ...
Pac. R R . o f Mo. 1st M,, extend, in 1888, g o ld .M e
2d mort. ext. in 1891 in gold, St. L. to K . C ..c*
1st M., St. Louis real estate, ext. in 1892, gold .
1st M. Carondelet Br., g., gu. p.& i.(en d .)e x t.’93
3d M. (c o v e F g a llp ro p e .o f P a cific R R . o f M o .)C e
Mo. Pa cific 1st M., L e x in g to n to Sedalia, M o, gold
Consolidated m ortgage, $30,000,000, g o ld ...c *
G old colla tera l tru st.TJn ...... „.........................o*<fer
1st collat. m ort. bonds fo r $10,000,000 g .M e . ..c*
Ler. to Caney Y a l. 1st M., g., gu. (Y . 70, p. 1095).c*
V erdigris Y a l. In dependence & W. 1st M.,g.,guar.
SAS
& T exas
ib o
1,601
1,601
127
....
162
162
202
130
....
67
1870
1890
1890
1894
1901
1892
1892
1893
1890
....
1890
1902
190 Z
1892
1901
1889
283
283
....
13
296
55
1,076
1,120
671
52
81
1868
1871
1872
1873
1876
1880
1880
1887
1890
1886
1886
....
180
....
$100 $56 100,300
13,000,000
100
1,000
187,000
500 &c. 39,813,000
500 &c. 20,000,000
1,000
2,548,000
1,000
1,841,000
1,000
4,000,000
1,000
121,000
1,689,000
1,000
1,000
2,500,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
500 &c.
500
1,000
500&C.
1,000
1,000
1,000
1,000
1,000
M i s s o u r i K a n s a s & T e x a s R y .- (C o n c lu d e d .)
E q u ip m e n t N o te s — On June 30, 1902. these a g g reg a ted $2,236,535,
p ayable p a rt y e a r ly t ill 1908. Y . 75, p. 608.
L atest E arnings.—2 months ending A u g. 31:
Gross.
N et
Charges.
S urplus.
1902.. ................ $2,706,700
$748,796
$626,614
$122,182
1901....................... 2,637,670
630,886
607,428
23,458
O perated 2,555 m iles in 1902, again st 2,480 in 1901.
A n n u a l R e p o r t .—A nn u al m eetin g iirst Th u rsday a fte r first M on d ay
in A p ril. R e p o rt 1901-02, Y . 75, p. 608. See also ed itoria l, p. 584.
1901.
1900.
1899.
Year end. June 30.— 1902.
2,265
2,218
2,200
A ver.m iles operated.
2,500
$2,658,245 $2,152,768 $1,943,123
Passenger earn in gs.$3,040,842
12,097,618
9,886,995
9,394,922
F r e ig h t.................... 12,632,692
647,220
586,749
592,289
M ail, express, etc...
717.865
Gross ea rn in gs___$16,391,399 $15,403,083 $12,626,512 $11,930,334
Ope. exp.and ta x es . 11,871,564 11,134,147
8,765,470
8,012,829
N et eam.,inc.oth.in.T[$4,553,6481j$4,307,073 ff$3,904,251 H$3,979,093
In tere st on bonds..
3,226,844
3,118,015
3,082,093
3,063,593
Rentals., &c............
417,865
389,142
371.292
366,817
B a la n ce............. sr.$908,939 sr $799,916 sr.$450,866 sr.$548,683
$33,813 in 1902, $38,137 in ’ 01, $43,209 in 1900, $61,588 in 1899.
Of f ic e r s .—Chairm an and P resid en t, H e n ry C. Rouse, N e w Y o rk ;
Y ic e - U
res. and G en M an ager, A . A . A llen , St. Louis, Mo.; Y ice-P res.
and Treas , C. G. H ed g e, N e w Y o rk ; S ecretary, 8. H a llin e , 49 W a ll St.
Directors—John T). Rockefeller. W ilia m R ockfeller, H en ry C. Rouse, Gol-
yt,
P
F.
Chas.
f ate H and H en ry W .B. of r, Joel N ewFreeman, yron T.G. H edge, James Brown
’otter
Bernert
Satterlee,
Yor&; M
Herrick, Cleveland, G.;
F. N. Finney, Milwaukee, W is.; B. P. McDonald, A lfre d J. Poor and T. N. Sedg
wick, o f K a sas; H . J. De Marez Oyena, Amsterdam, Holland,
— (Y. 74, p. 1139,1252; V. 75, p. 135, 185, 290, 3 9 2 , 6 0 8 , 733.)
M lsK G T irl P a c i f i c R y . - ( S e e M a p . ) —O perates im p orta n t system o f
roads ex ten d in g w e s te rly and sou th w esterly from St. Lou is, Mo., in
cluding m ain lines from St. L ou is to Omaha, N eb., 495 m iles, and from
Kansas C ity to D en ver, Col., 758 m iles, w ith m any branches in K a n
sas, etc. Through the St. Lou is Ir o n Mt. & Southern,w hich it controls,
connection is had w ith T e x a s and th e lines o f the T e x a s & Pa cific,
In tern ation al & G reat N o rth ern and ta e St. Louis Southw estern, th e
whole fo rm in g w h a t is kn ow n as the “ G ould System ,” in w h ich the
heirs o f Jay Gould are la rg e ly in terested (see lis t o f Mr. J a y G ould’ s
holdings, V. 60, p. 83.) T h e M o. Pae. p ro p e rty in clu d es:
L ines owned and con trolled . M iles.
Leased lin es, etc—(C o n .) Miles.
8t. Louis to O m aha........ ....... 495 L e r o y & Caney V a lle y ........ 52
Other m ain lin e . . . . . ........ 764 Kansas C ity & 8. W ............. 48
25 branches o w n e d .............. 1,704 O ther lin es.............................192
Leased lines etc.
T rackage to St. Joseph, e t c .. . . 27
B oon ville St. L. & S ou th ern ... 44
Verd. V a lley Ind. & W e s t........ 81 Tot. Mo. P a c .a n d b r’nch lines. 3,408
Also owns all capital stock o f Central .Bran eh Union Pac., etc,, 388 m.;
8t. Louis Iron Mountain A Southern and leased lines, 1,773 miles.
Grand total Missouri P a cific m ileage Janu ary 1, 1901, 5.324 miles.
Extension from Boon v ille to Jefferson C ity, 47 m iles, and Lake C ity
to Rock City, 9 miles com pleted A p r., 1902, fo rm in g p a rt o f lin e to
K ansas Oi \y
V. 75, p. 549.
E a rly in 1901 a la rg e in te re s t w as acquired in the D e n v e r & R io
Grande R R . and ho In the R io G ran de W estern R y., ex ten d in g the
^y-tern as fa ’' w est as Ogden, Utah. T h e G ould and R o c k e fe lle r h old
ings in the D en ver to R io G rande are tog eth er understood to con stitu te
a large m ajority o f the entire capital stock.
In 1901 the N ew Orleans < N orth w estern R y., Bastrop, La., to
&
Natchez, Miss., 102 m iles, was acquired, the road to he extended
from Natchez to L ittle Rock, Ark., about 150 miles; also the L ittle
Rock Sc Hot Springs W estern RR., L ittle Rock to H o t Springs, A rk., 57
miles. Y . 74, p. 574. T h e A ik . Midland RR., H H en a, A rk., to C laren
don, etc., 71 miles, and the M ississippi H am bu rg A W estern Ry.,
Hamburg to Luna, Ark.. 39 miles, w ere also purchased. V. /4, p. 206.
In 1901 the W hite R ive r K it. and the Memphis H elena to Lou Emma
were incorporated to build extensions and in 1902 the II union beau
tnorit to N ew Orleans Ry. V. 0 3, p 1160; V. 7 i , p. 103N O f the W hite
R iv e r road. Rate :ville, A rk., to Buffalo C ity, 82 m iles was exp ected to
he completed m 1902,33 miles o f track h a v i n g been laid In Hep! , ,
.
1902
in Hfipt , 1902, the Mo Pacific had arranged to acquire the
St. Bonis V a lle y Ry , East Ht Emils t> Chester. JIB, 05 m ile , and
under construction to Therms, about (JO miles additional. V. 7n, p. 611
OkOAMIZATfoN, BJ ASKS, AC. The Pacific RR, of Missouri was sold in
O
force 1
osure Septem ber 6, 1876. T h e present com pany was a consolida
tion In August. 1880, em bracing the Missouri Pacific, and m inor roads.
The bonds of the proprietary lines are practically all pledged to secure
Mo. Pacific. loans. The Iron Mountain stock is m ostly owned by the
Missouri Pacific. Control of the 1nte.rrmtlonal S Great Northern
t
was secured In 1892 mid o f Central Hr IB P. In 1SOB-09, > <-c V. 68,
V* 329, 520. As to T ex a s dr Pae,, see below.
Sto ck
In J u ly, 1901. the an thortze l capital stock was Increased from
m , 000,000 to a JOO.i 00,000. 1 he amount, oni la n d in g on Dec. 31,
1900, was $50*432,150* this was Increased to #70,402,875 in
1901 by the conversion o f $11,21.8,0* 0 collateral trust bonds and
by Issue of $2,983,500 for pnrehase of entire stock, end $2,983,500 " i l "
7
4
4
5
4
5
5
5
4
g.
g.
g.
g.
g.
g.
g.
g.
g.
1,340,000
5 g.
See te x t.
5 g.
See tex t.
5 g.
3,597,000
5 g.
1,000,000
4 g.
968,000
6
77,450,200 5 in 1902
7,000,000
4 g.
2,573,000
5 g.
800,000
5 g.
237,500
4*2 g.
3,828,000
7
650,000
5 g.
14,904,000
6 g.
14,376,000
5 g.
9,636,000
5 g520,000
5 g.
806,000
5 g.
D. N. Y . Office, 49 W a ll St. June 1, 1903
D.
do
do
June 1, 1990
A.
do
do
June 1, 1990
N.
do
do
N o v. 1, 1944
do
do
A p r. 1, 2001
O.
O.
do
A pr. 1, 1942
do
& 0.
do
A p r. 1, 1942
do
& D.
do
do
June 1, 1943
A.
&
do
do
A u g. 1, 1990
J.
J.
F.
M.
A*
A.
A.
J.
F.
&
<
fe
&
&
&
&
M.
M.
J.
M.
M.
J.
J.
F.
J.
M.
A.
M.
F.
M.
M.
F.
J.
M.
& N.
do
do
& N.
do
do
& J.
do
do
<
te 8.
do
do
& N.
do
do
& J.
do
do
& J. N . Y ., 195 B roa d w a y.
& A . N. Y ., M erca n tileT r. Co.
& J.
do
do
& N.
do
do
& O.
do
do
& N.
do
do
& A
do
do
& N.
do
do
& S.
do
do
& A.
do
do
& J.
do
do
& 8.
do
do
N o v. 1, 1940
M a y 1, 1942
J u ly 1, 1952
Sept. 1, 1942
N o v . 1, 1951
Ju ly 1, 1929
Ju ly 21,’02,21®
A u g. 1, 1938
Ju ly 1, 1938
M a y 1, 1938
Got. 1, 1938
N o v. 1, 1906
Aug:. 1, 1920
N o v. 1, 1920
Jan. 1, 1917
A u g. 1, 1920
Ju ly 1, 1926
Moll. 1, 1926
bonds o f K . O. N o rth w estern , and b y fu rth er ‘ issue o f $14,422,000
[p a r tly at p a r to stockholders] to purchase $14,800,000 com m on and
$7,300,000 p referred stock o f D e n v e r & R io G rande and fo r oth er pu r
poses; in 1902 $1,400,000 w a s sold to p a y fo r n ew constru ction, 56
m iles. Y . 72, p. 1188, 1238, 1280; Y . 73, p. 185, 1356; Y . 75, p. 549.
D iv id e n d s — > ’ 81 ’82 ’83 to >87 ’ 88 ’ 89 ’ 90 ’ 91 ’ 92 t o ’00 ’ 01
’02
P e r cen t... $ 6 6% 7 y e a rly . 5*4 4
4
3
None
2*s
5
On J u ly 20,1901, 2*2 p. c. w as paid; *02, Jan., 2 ^ p. c.; Ju ly, 2 ^ p.c.
B onds .—T h e consolidated m ortgage is fo r $30.000,000—trustees John
F. D illon and Edw ard D. A dam s—the balance unissued is in tru st to
redeem p rior bonds due i f deem ed best. A b stra ct in Y . 47, p. 287. *
Th e colla tera l trust bonds due 1917 (U nion Tru st Com pany o f N e w
York, trustee) are secured b y m o rtgage bonds o f n ew roads at $39=OO0
or $15,000 per m ile ; these em bracin g the lin e from F o rt Scott, K a n .
to P u eblo. Col . etc. F o r securities pledged, etc., see Y . 4 6 ,p.678.
C olla tera l trust bonds due i n 1920, see Y . 50, p. 669, 874.
G e n e r a l F in an c e s .—In Jan., 1902, $22,276,000 o f the $23,172,588
T ex a s & P a cific 2ds had been exch an ged fo r 65 per cen t in a n ew St.
L. & I. M. bond. (V. 68, p. 283, 619, 725, 774.) In Ju ly, 1901, d iv i
dends on stock w ere resumed. Y . 72, p. 1238. T h e $11,218,000 con
v e rtib le deben’t o f 1900 w ere exch an ged in 1901 fo r stock. See above.
In Ju ly, 1901, divid en d s w ere resumed. Y . 72, p 1233.
E a r n in g s —7 m onths, > 1902. ..G ross, $20,287,033; net, $6*065,287
Jan. 1 to Ju ly 31. > 1901 ....G ross, 19,940,905; net,
7,091,757
A n n u a l R e p o r t .—F isca l y e a r ends D ec. 31. A n nu al m eetin g is held
at St. Louis in M arch. R e p o rt fo r 1901 w as in Y . 74, p. 574. E arnings
o f M issouri P a cific system h a ve been as below . “ Other in c o m e ” in
1901 in clu d es: In te re s t on T e x . & P a c 2d m ort. incom es, $891,040;
P a c ific E xpress Co., $408,000; D e n v e r & R io G rande RFB, $365,000;.
eoai com panies, $201,630, etc.
1900.
F e a r en d in g Dec. 31.
1901.
5,3-2
Miles o p e ra te d ............................................. ..
5,570
$32,292,288
T o ta l earnings........ „ ............... ......................$36,661,093
11,0*8,893
N et earnings.................................... . ............. 13,045,579
1,371,889
Other incom e, toe.......................... ...............
2,473,431
$12,460,782
T o ta l n et in com e............................... ... ...$15,519,010
In tere st and ren ta ls........ . .................... . ....... $6,615,889
$ 6,791,798
T a x es ........... . ................. ............................
1,082,916
1,065,094
undry accounts......................................... .
341,683
785,340
D ividen ds .......... ...................................... (5%) 3,563,802
..................
Balance, surplus..................... ................ .
$3,914,720
$3,8X8,550
O f f i c e r s .— President, G eorge J. Gould; S ecreta ry and Trea su rer, A .
H. Calef, 195 B io a d w a y , N e w Y o rk .
Directors.—George J. Goald, Russell Sage, Edwin Gould, Samuel Sloan, John
P. Murm, Louis Fitzgerald, Howard Gould, E. Parmelee Prentice, Fred. T.
Gates and Frank J. Gould, New York; 0. G. Warner, Russell Hard if g, W . K.
Blxby, St. Louis, M o .-lV . 7t, p. 5 7 3 , 630; V . 76, p. 549, 611, 666, 849A
M i s s o u r i P a c i f i c S y s t e m —S t. L o u i s I r o n U lo u x it a im &
S o n t l i e r n R y . —( See M a p . ) —Owns St. Louis to T exarkan a, T ex . Line.
490m .; oranches to Belm ont,M o., B ird's F t., Mo. (C airo), Camden, A rk,,
H elena, A rk ., Cushman. A rk ., Arkansas City, A rk ., W arren, A rk., M em
phis, Tenn., &c., 747 m iles; H ouston Central Arkansas to N o rth ern R a il
w ay, McGehee, A rk., to A lex a n d ria , La., 190 miles; to ta l ow n ed Janu
ary 1, 1900, 1,427 miles. Leases L ittle Rock & F o rt Smith and L ittle
Rock Junction railroads, 176 miles; Kansas to A rkansas V a lle y R R .,
170 miles. T o ta l operated D ecem ber 31, 1901, 1,773 miles.
In Deo., 1901, holders o f $22,276,000 o f the $23,172,588 T e x a s to
Paclflo seconds exch an ged their bonds fo r 65 per cen t in new Iron
Mtn. gold 4« bearing in terest from Ju ly 1, 1899. See B o n d s b elow ,
also v ; 68, p. 329, 380, 474, 5 2 0 . 572. 619. 725, 774.
In 1901 the en
tire stock or the Arkansas M idlan d R R ., H elen a, A rk, to Clarendon,
etc., 71 miles, and all the stock and bonds o f the M ississippi H am bu rg
A Western R y., H am bu rg to Luna, Ark*, 39 m iles, w ere purchased*
STOCK.—Stock whs $25,788,435, o f which $25,733, 90 Jan. l, 1902,
was owned by Missouri Pacific— m ostly acquired in 1881. A u th o rized
I lim it Increased In 1899 to $80 000,000. V. 69, p 27. D ividen d in 1899
I 2 i>. o,; In 1900, 6 x * o.; In 1901, 6 p. c.
>
B o n d s . —G eneral consol, mort. Is fo r $45,000,000, Nos. 11,001 to 18,
I 000 ln elu slveare endorsed with the Missouri P&Oilio’s gu aran ty o f prlnol
I pal and in terest; form o f gu a ra n ty w hs In V. 56, p. 650; they are a Iirst
I fieri on the en tire system. (V. 68, p. 95, 233, 520.)
The new gold 4s of 1899 (first I hhuo $30,000,000) m ay be Increased
1 not o ver $10,000,000, at $12,000 per m ile, fo r constru ction or
acquisition and equipm ent o f branches and extensions. T h ey are
seeured by a lien (s u b je c t on ly to the gen era l consols on all the rail
roads, term inals and equipm ent o f the com pany, and also a first and
only Hen on all slocks and bonds now em braced in the trust o f the
:oid funding note Indenture upon satb faction thereof, all leu md and
iranch lines, or their bonds and stocks acquired by tire loan, and all
Texas Sc Pacific seconds acquired, ami nil future o\ion nloiis and
branches constructed or acquired.
O f the $30,000,000 a t pres
ont authorized $ 1» ,250,000 w ere Issuable to retire the en tire
Issue o f T ex a s < Pacific seconds, and $12,11/1,000 to retire at once
V
$3,052,000 gold funding notes and $3,412,000 Kansas to Arkansas
j Vallny 1st 5s. and also e ve n !u a lly $2,596,000 L ittle Rode to Ft, Smith
.
' bonds. $135,000 l i t t l e Hock Junction 1st ns, $683,000 ear trusts, and
i $200,000 Baring Gross B ridge bond > and the balance, $1,636,000
a va ila b le fo r Im provem ents. (V. 68, p. 619; V. 70, p. 997; V .7 i, p.'iOM).
f
,\ ^ H IC A - G - 0 :
Roclolsland,
\Toliet'
Eureka
\
B e H e v ille *^
Candelaria
\
Mojave
eU.4* * * * 2 ? ' * ° * TC* ' §
\v ----- &— -o'Mentone
1S1
iton
Vnn^\ *2.
Oceanside
Escondido
Foster
O
Q
M A P OF TH E
MISSOURI PACIFIC RAILWAY
ST. LOUIS, IRON MT. & SOUTHERN RY.
and
L eased , Operated & I ndependent L ines
G U L F
October ,
RAILROAD STOCKS AND BONDS
1902. |
93
Borate—P r in c i
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, o r
pal,W hen D ae.
A m ou nt
of
R a te per W hen W here P a ya b le, and by Stocks—L a st
Par
of
For explanation o f colum n headings, &c., see notes
O utstanding
Whom.
Road. Bonds V alue.
Cent.
P a ya b le
on first pa ge o f tables.
D ividend.
R A IL R O A D S .
M issouri P a c ific System— (C on clud ed ) —
St. Lou is Ir o n M ou ntain < S o u th e rn fe
fe
Gen. consol. (fe 1. gr. M. ($45,000,000) g . M e . . . . c * 1,538 ’81to”7 $1,000 $36,471,000
5 g. A . < O. N .Y ., M erca n tile Tr. Co.
fe
Do
do
gold, stamped, guar. p. & i..c * 1,538
....
1,000
6,936,000
do
do
5 g. A . < O.
do
do
U n ify in g < ref. M., gold, $ 4 0 ,0O 0,0 00.M p ...o* 1,538 1899
fe
1,000
24,195,000
4 g* J. & J.
QuarTy.
do
do
Car trusts June, 1902, due y e a r ly ......................
....
2,745,000
6
1873
do
do
B a rin g Cross B rid g e C o .,lst m .,gold,red. to 6p.e.
6
200,000
165 1875 500 &c.
J. & J.
do
do
L ittle R ock & F t. Smith 1st M ..land gr. sink.fund..
2,342,500
7
2 1891
A. < O.
fe
do
do
1,000
435,000
6
L ittle R ock June. ls t M .,g u . p .& i.b y lr . M t.M e .c *
....
....
fe
Mobile < L irm m g h . R R .—P r e f.s to c k ($900,000)....
£
100
900,000 See text. J. < J. N .Y .,J .P .M .& C o.,& L on .
149 1895 200, 1,000
600,000
fe
P rio r lien, gold, $600.000.C e ............................... o
fe
5 g* J. < J. N . Y.,J. P. M o rg a n < Co.
149 1895 200, 1,000
4
do
do
1,200,000
J. & J.
1st M., $1,200,000.......................................... M e . c
Mobile Jackson < K. 0 .—lstM .,g.,$ 4 ,0 0 0 ,0 0 0 .C e.c*
£
84 1896
1,000
1,680,000
5 g* J. & D. N .Y ., C olonial T ru st Co.
_
_
100
Mobile < Ohio—Stock (So. R y. Tr. certs) gold ........
£
5,320,600 See tex t. A . & O. N . Y ., J. P.M orga n & Co.
472 1879 500 &o.
1st M.,Mob. to Col. (prin.g.,int. la w fu l m on ey) .F .c *
6
J. < D. N. Y ., Farm . L. & Tr. Co.
fe
7,000,000
1st M ., exten.,Colum . to Cairo & branch,gold. F . cx
55 1883
do
do
1,000
1,000,000
6 g* Q.—Jan.
G eneral more, fo r $10,500,000, (n ow gold) s. f . F c
527 1888 500 &c.
9,469,545
4 g* M. & 8. N. Y ., G a lla tin N at. Bk.
1,000
M o n tg om ery D iv., 1st M ., $4,000,000, go ld C e .c *
189 1897
4,000,000
do
do
5 g* F. (fe A .
Q .-F .
Coll at. trust, gold, ($2,500,000) c a ll at p a r G .c *
....
1900
1,000
N. Y ., Guar. T ru s t Co.
2,496,000
4 g.
161 1886 500&C.
fe
St. Lou is & Cairo 1st m ort., gold, in terest gu a r.c
4,000,000
4 g. J. < J. N. Y ., Farm . L . & Tr. Co.
M ob ile & B .S h .ls t M., $200,000, g u .,p .& i.,g .F .o *
38 1899 500 <&c.
200,000
5 g. M. & N. 1st N a t. B k .,M o b ile,A la
E qu ipm ent bonds ($462,000 a re 6s)......................
. . . . ’94-’98 1,000
5-6
Various. N. Y ., Farm . L. & Tr. Co.
493.000
do
do
1899
1,000
E qu ipm ent trusts “ A ” & “ B ” (Y. 71, p. 749), s. f.
....
1,000,000
5
ir
E q u ip m en t trusts, series A , C, F ............. . ....
1901
985,765
i.o o o
afoA.(£JfaL-lstM.,$15,000p.m .,g.,gu.p.<fci.(en.) K c* 182 1892
2,500.000
4 g* M. & 8. N. Y ., K n ickerb. Tr. Co.
Consol, m ortgage, $10,0u0,000, go ld .fw ----- c*& r.
. . . - 1902 lOOO&o
3,900,000
3 ^ g . M . & S. N. Y ., Gr. Cent. Station
Monongaheta R iv e r R R .—Bonds—See B. & O. R R .
M ontana C entral—See Gr e a t N orthern .
1,000
M ontana R R .—1st M., g., $2,000,000..............Ce.c*
100 1900
See te x t.
5 g* J. & J. N . Y ., C en tral T r. Co.
M ontgom y B elt L . -1st M ., $200,000, la w fu l m o n e y . c
y
1890
1,000
6
J. & J. N . Y ., M etrop o P n T r. Co.
....
200,000
M. & N.
Goshen, N . Y .
M ontgom ery < E rie R y .—1st m. (old 7s e x t. in ’ 86)
£
5
.... 1866
130,000
A . & O.
do
do
2d m o rtg a g e (old 7s ex ten d ed in 1 8 8 7 )................
....
1867
5
40,500
f[ “ A ,” M. & N .; “ B ,” A . < 0 .
fe
A n n u a l R e p o r t .—R eport fo r 1901 in V. 74, p. 575, showed:
Year ending Bee. 31—
1901.
1900.
1899.
Gross ea rn in gs.......................... $16,961,021
$14,581,037 $13,806,118
N et ea rn in gs.............................
6,944,947
6,033,022
5,029,581
Other r e c e ip ts ..........................
1,062,572
399,235
997,051
Total n et in com e......................
8,007,519
6,432,257
6,026,632
In terest on bonds.....................
3,118,403
3,070,598
2,638,313
Taxes, b rid ge exp., re n tes, &o.
757,468
1,205,547
2,631,519
D ivid e n d s.......... ............ , . „ . ( 6 % ) 1 , 547 .283(6% )!,547,242 (2% ) 515,745
B alan ce fo r y e a r ................ $2,584,365 snr.$608,870 sur.$241,055
- ( V . 69, p. 27; V. 70, p. 329, 947, 997, 1292; V . 71, p 1121.)
M o b i l e & B i r m i n g h a m H R . —M obile to M arion Junction, A la .,
149 m iles; opened in July, 1888. Leased to Southern R y. fro m June 1,
1899, fo r 99 years, the la tte r a greein g to m eet the in terest on bonds,
and to gu aran tee a d ivid en d on th e $900,000 p re fe rre d stock o f 1
per cent fo r first year, 2 per cent fo r second y e a r and 3 p er cen t fo r
third year, and 4 p er cen t fo r the fo u rth y e a r and th e rea fter. Th e
$900,000 com m on stock is ow n ed b y Southern R y., and the v o tin g
pow er on the p referred irre v o c a b ly assigned to the Southern R y.
during the term o f the lease. V . 68, p. 429,1134; V. 69, p. 391; Y . 71,
p. 1013. F o reclosu re in 1895 p e r plan V . 60, p. 657.— (Y . 72, p. 137.)
m o b i l e J a c k s o n Sc K a n s a s C i t y R R , « O w n s fro m M o b ile to
Beaum ont, 70 miles; extension s B eau m on t to H a ttiesb u rg , about 30
miles, and Beaum ont to D ecatu r, Miss., 100 m iles, both under construeti on. In N o v ., 1901, acqu ired th e K in gsto n & Cent. Miss. RR ., L a u
rel, Miss., to Bay Springs, 25 miles. Y . 73, p. 1011. T h e G u lf & Chicago
Ry,, P o n to to c, Miss., to M iddleton , Tenn , 62 m iles, n a rro w gau ge, w a s
purchased Ju ly 1, 1902. Y . 74, p. 1196. Stock, $4,000,000; issued
Oct. 1, 1902, $1,680,000; p a r o f shares. $100. Bonds lim ited to $20,000
per m ile. Y . 70, p .6 8 7 . R ep o rt fo r y e a r ending June 30,1901, in Y .
73, p.1008, show ed (50 m iles), gross, $140,730; net, $76,272; in 1899-0,
gross, $114,363; net, $56,900. Presiden t, F . B, M errill.— (Y . 73, p.
1 0 0 8 , 1011; Y . 74, p. 206,1196.)
M o b i l e Sc O h i o R R . - f ^ e e M a p So. R y . ) —Owns fro m M obile,
Ala., to Columbus, K y ., 472 miles, p rop rieta ry line, K en tu ck y < Ten
fe
nessee R R to E. Cairo, 21 m iles; branches to Columbus, Miss., &c., 34
miles; Columbus, Miss., to M on tgom ery, A la ., 167 m iles; w ith W a rrio r
Branch, 9 m iles, and B lo eto n Branch, 12 miles; to ta l owned, 715 m iles;
8 t Louis & Cairo (leased), Cairo to St. Louis, 152 m iles, w ith branch to
Millstadt, 7 m iles; tota l operated, 874 miles. On D e c .l, 1899, the M o b ile
< B a y Shore R y., whose en tire stock is ow n ed and bonds guaranteed,
fe
was com pleted from Pritch ard s to P o rte r s v ille on the G u lf o f M ex ico
and A la b a m a P o rt, a distance o f 38 miles. Y . 69, p. 856.
The N a s h ville & M ississippi D e lta R R ., p ro jec te d fr o m O kolon a to
Grenada, Miss., 67 m., w a s in Sept., 1902, about to le t contracts on 30
m., its $500,000 bonds, it iau n dei stood, to be gu aranteed. Y .7 5 ,p . 666.
His to r y , Etc .—Opened in 1861; securities readjusted in 1879.
Lands June 30, 1902, w ere 283,059 acres, valu ed at $155,602.
In 1902 the Southern R y . had acqu ired $7,943,000 o f the
$9,472,000 gen. 4s and $4,932,600 o f the $5,320,600 stock, issuing,
dollar fo r dollar, its colla tera l tru st 4 p e r cen t go ld bonds in exch an ge
for the M. & O. gen 4s, secured b y a p led ge o f the la tte r ami also stock
trust certificates fo r stock, dividends bein g p a ya b le (A . < O.) at 2 per
fe
cent fo r one year, 3 per cen t fo r the second y e a r and 4 per cen t in p er
petuity th e rea fter. T h e first fliv. of 1 per cent was paid Oct. 1, 1901.
The road w ill be operated lndei>endently. V. 72, p. 241, 483.
D iv id e n d s .—Fir s t div. (1 p. c.) paid Feb. 28,1898. A s to dividends
on stock tru st certificates see paragraph above
Stock .—Stock authorized, $10,000,000; outstanding, $5,320,600;
par, $100. The vo tin g po wer on $4,984,200 o f the stock fs exercised by
the general m ortgage bondholders by virtu e o f the deposit in trust
under the general m ortgage o f the old debentures o f 1879.
Bonds — Under the g en era l m ortgage o f 1888 there can be no fore*
closure till four coupons are in default. M o rtga ge abstract, V. 47, p.
H J V. 60, j). 967
7.
In terest on $4,000,000 St. L ou is < C airo 4a is
fe
guaranteed. As to Mont. Dtv. 1st 5s. see application V. 66, p. 1045.
Of the $2,500,000 colla tera l tru st 4s o f 1900, $2,103,000 w ere is
suable In exchange for the $6,500,000 8t. Louis < Cairo stock. Hee
fe
V. 70, j>. 532. In Ju ly, 1902, $6,489,000 stock had been exchanged.
R e p o r t .— R eport ror 1901 02, V. 75, p. (?), Including M on tgom ery
Division, 188 miles, In last th ree years. Th e results o f the Mobile, <
fe
Ray 8 ho re Ry. (sep arately op era ted ) fo r the y e a r en d in g June 30,
1302, w ere: G ross, $56,015: net (o ver taxes), $2a ,460; ch a rges, $ i l , 453; bah, snr., $13,007. In 1000-1, gross, $46,679; net, $4,1 16.
Year end’g J u n e 30—
1902.
1901.
1900.
1899.
Miles operated
,. .
874
874
876
088
fatal gross ea rn in gs.$6,509,438
$0,139,912 $5,996,731 $4,531,153
Net earn in gs............. 2,020,302
1,807,061
1.451.031
1,003,105
N et,In ch 0th. incom e. 2,130,667
1.451.031
1,922,012
1,756,278
( aten st and rentals 1,5£9 .107
1,144,527
1,555,810
1,418,045
Balance, snrplnsG.
$541,500
$300,702
$337,029
$307,104
Equipm ent and new construction (additional to op era tin g ex p en
ses) cost $271,748 In 1898 9 ; $314,990 Iri 1.899 0, $389,41 0 in 1900 1
and $417,510 In 1901-2.—(Y , 74, x . i 038; V. 75, p 600. 733.)
>
M o lir o w k A 41 h J o iif t t t t . —Y See Map N. 15 Ventral.) —Owns from
Herktcn* r, N 5 on the N. V', Central's main lin e n orth erly to Malone,
on Mm i antral Verm ont, w ith branches, 182 m iles In all.
A p r. 1, 1931
A p r. 1, 1931
Ju ly 1. 1929
T o D ec., 1910
A p r. 19,1898
Jan. 1, 1905
A p r. 1, 1916
J u ly 1, 1902
J u ly 1, 1945
J u ly 1, 1945
June 1, 1946
Oct., 1902, 1 ^
Dee. 1, 1927
Ju ly 1, 1927
Sept. 1, 1938
Feb. 1, 1947
M a y 1, 1930
Jan. 1, 1931
M a y 1, 1949
T o 1908
1919
T o 1908
Sept. l f 1991
M ar. 1, 2002
Ju ly
Jan.
M ay
Oct.
1,
1,
1,
1,
1930
1910
1926
1927
H isto ry , L ease , E tc.—I n 1893, N . Y . C en tral leased the road and
gu aran teed its first m ortgage bonds. A n ew lease in p erp etu ity w a s
a rran ged fo r in A p ril, 1902. Y . 74, p. 630. N e w Y o r k C en tra l owns
the $4,500,000 stock, to be in creased to $5,000,000. In A p r., 1902, a
n ew lease in p erp etu ity w as made, under w h ich an issue o f $10,000.000 3 ^ per cent consols w as authorized, o f w hich $2,500,000 re
served to re tire at m a tu rity the first in o r 'g a g e bonds, $3,900,000 w as
be issued at once in p la ce o f the incom es, a ll o r m o stly acqu ired b y the
N . Y . C entral, and the re m a in in g $3,600,000 w ill be a v a ila b le fo r im
p rovem en ts and enlargem ents. V. 74, p. 830. Bonds, see V. 56, p. 782.
D ividends
\ 1896.
1897.
1898.
1899.
1900.
1901.
on incom es.
$
2
1
2
3
3^
5
Y e a r en d in g June 30,1902, gross, $1,087,927; net, $309,541; first
charges, $196,640; int. on incom es (5 p. c.), $129,458; bal., def.,
$16,557 — (Y . 73, p. 445, 1313; Y . 74, p. 630, 830, 937.)
M o n o n . » - S e e Chicago I ndianapolis & L ouisville R y .
M o n o n g a l i e l a R i v e r R R . - R o a d fro m F a irm o n t to Clarksburg,
W. V a ., 31 miles. R o a d opened in 1890. B. & O. ow n s a ll o f the $1,300,000 stock (p a r $100), the coa l bonds b ein g redu ced to $1,000,000. Car
tru st 68, p rin cip a l A p r. 1, 1902, $377,000.
E arnings.—F o r y e a r en din g June 30, 1902, gross, $526,958 ; net,
$195,660; int., taxes, [etc., $40,585,— (Y . 70, p. 1 0 9 2 * )
M o n t a n a R R 0« L o m b a r d , M ont., to H a rlo w to n , 94 m iles, and
fro m Sum m it to L eadboro, 6 m iles; tota l, 100 m iles. In Oct., 1902, e x
ten sion fr o m H a rlo w to n to L e w is to w n , 63 m iles, w a s proposed , to be
b u ilt, perhaps, under a n e w charter.
Stock authorized, $3,500,000; issued, $1,574,000; p a r o f shares, $100.
O f the $2,000,000 bonds, all outstanding, $999,000 are stam ped red eem
able at 105 and int. on 6 m onths’ notice, the re m a in in g $1,001,000
being h eld June 30,1901, b y th e N o rth ern P a c ific R y . as c o lla te ra l fo r
$303,670 notes. Presiden t. H . D . M oore, Ph iladelph ia, Pa.; Y ice-P res.
and Treas., R ich ard A . H a rlo w , H elen a , M ont.; Sec., W . J. Fuchs,
H elen a , M ont. - (Y . 71, p. 1167.)
M o s i t e r e y Sc M e x i c a n G u lf M B „—Purchased in June, 1901, b y
the M exican C en tral R y . Y e a r en din g Dec. 31,1901, gross, $1,414,801;
n et, $1,406,964.— , 74, p. 937; Y . 75, p. 290.)
-(Y
M o n t g o m e r y B e i t L i n e R y , « O w n s re a l esta te and a b e lt
lin e in M o n tg om ery , A la ., about one m ile o f tra ck on T a lla p o osa ,
Bell, P e r r y and Columbus streets. A la b a m a M idlan d R y. pa ys an
annual ren ta l o f $15,525. T h e A tla n tic C oast L in e R R . ow ns 90 p er
cen t o f th e stock. C a p ita l stock is $200,000; par, $100.
M o n t g o m e r y & F r i e My*=(/S'ee M a p B rie R a ilro a d .)—Owns road
fro m M o n tgom ery to Goshen, N . Y ., 10 m iles. R o a d ojiened 1867.
Leased in 1872 to N. Y . L. E. & W . (n ow E r i e R R .—w hich see.) R en ta l
Is $15,531 per annum. Stock, $150,000, D ivid en d s (4 ^ p e r cen t p er
annum) are paid M a y 10 and N o v . 10, S inking fu n d $6,500 p e r annum #
M o o r e C o . Sc W e s t e r n M R * —See V. 74, p. 776.
M o r g a n ’ s L o u i s i a n a Sc T e x a s M M * Sc S t e a m s h i p C o m p a n y *
—( See M ap o f Southern P a c ific .)— R oad—Owns A lg ie r s to Cheney ville,
205 m iles; branches, 95 m iles; trackage to A lex a n d ria , 24 m iles; tota l
ra ilroa d lines, 324 miles; extension o f branch from A b b e v ille to Gueydan, L a ., 24 m iles, a d d ition a l to fo reg oin g, opened M a y, 1902; steam
ship lines and ferries, 3,176 miles. In Ju ly, 1902, co n tra ct w as le t fo r
branch from L a k e Charles to Lancasine, L a ., 25 m iles, to be ex te n d e d
la te r to Riccohac, a to ta l o f 126 m iles.
O r g a n iz a t io n .—Th e Southern P a c ific Com pany ow ns a ll o f the $15,000,000 stock. O perated in d ep en d en tly since Jan. 1, 1902, bu t in
connection w ith so. Pao. system . Com pany has 8 iron steamships and
6 fe rry and r iv e r steam ers and 6 tugs p ly in g betw een N ew Y o rk and
N ew Orleans and betw een G ulf ports; also w harves and warehouses.
E a r n in g s .—11 m o n th s,) 1901-02.Gross, $6,778,763; net* $2,690,098
Ju ly 1 to M ay 31.
\ 1900-01.Gross, 7,399,019; net, 2,890,937
rn y e a r en din g June 30, 1901, gross, $8,013,139; net, in clu din g
oth er incom e, $3,172,206 ; surplus o v e r charges, $1,325,839; net due
oo. under lease to So. Pao.. $1,038,425.— (V. 74, p. 268; V. 75, p. 290.)
M o r r l # Sc E h h cx I t I t . —(Sec M ap o r j unaware Lac/cmvanna iR
Western.) —Owns from Hoboken, N. J., to Ph llllpsbu rg, N. J., 85 miles;
branch, Den ville, N. J., via M orris Sc Essex Tunnel, to Hoboken, N. J.,
35m lies; leases 37 m iles; total operated, 157 miles,
L e a s e .—le a s e d in perpetu ity to D ela w a re Lackaw ann a & W est.,whioh
assumed all liabilities and pays 7 p. ©. per annum on the capita retook;
w henever 30 p. o o f gross earnings are su III el cu t to co v e r In te re s t on
bonds and 10 p. o. on stock, 1 p„ e. additional must bo paid.
B o n d s .—O f the $35,000,000 1st refu n din g 3 ^s, $23,908,000 w ere re
served to re tire ex is tin g bonds, and $11,032,000 w ere a p p lica b le to
additions ami Im provem en ts
V. 70, p. 480. 477; V. 71, p. 1107. Bee
form of gu aran ty, V. 74, p 1308*
E arnings .—Th e road Is Im portant to the D elaw are Lackaw anna <
fe
Western as a route with term inal factllties on New York H arbor, but
the earnings show a large annual deficit, viz.: A fte r p aym en t of rental
in 1901, $1,415,170; In 1900, $1,900.853*— (V. 71, p. 884, 1308.)
M o n in C a r b o n Sc. I ' o r f C a r b o n B t t t . —O w n s Mt. Carbon to P o rt
Carbon. Pa., 3 m iles; second track, 2 hi m iles; total track 10 m iles,
le a s e d March 5, 1800. for 50 years to Phlla. c Rending Kit. an d lease
fe
assumed In 1890 by Phlla. & Heading R ailw ay. Rental $30,250 yearly.
M i i f t c n l l n o N o r t h A N o n i l i I I 1C,—Hoc page 174.
M
f * £on fit a n d t t i » p l < l « < V I n d i a n a IC t t ,—Beo page 174,
N a nli u a A. L o w e * II I t I t . —Hee p age 174.
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October ,
1902. |
RAILROAD STOCKS AND
RONTO
oa
Bonus—P r in c i
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,^When Due.
A m ou n t
of
of
Par
F o r explan ation o f column headings, «fco., see notes
R a te per W hen W here P a ya b le , and by Stocks—L a st
Outstanding
Whom.
Road. Bonds Value.
P a ya b le
on first page o f tables.
Cent.
D ividen d, %.
R A IL R O A D S .
M oore Oo. < West.—1st m rrt.. go ld $1,000,000. I B
2
M organ's L a . < Texas— Is tM . (N Or.to M org C.) .F e *
2
102
157
1st m ortgage, A lex a n d ria E xtension , g o l d . F ......
204
G eneral m ortgage. F ...................................... .........
M orris cd Essex—Stock, 7 p. c. guar. D. L . & W ........
85
1st m o rtg a g e............................................................
120
Con. M. (fo r $25,000,000) guar. D. L. & W. U ac*& r
1st ref. m ort., g .,$35,000,000, gu , p.& end. F , c*&r 120
H oboken L a n d & Im p rovem en t, 2d ser. U s ......
Special real estate bonds........................................
Rforris & E ssex E xten sion stock, guar. 4 per cent.
2
MU Carbon < P o r t C arbon R R —S tock (ren t’l guar.)
2
M uscatine No. < So.—1st M., $450,000, g o ld .N .......
2
28
M uskegon Or. R apids < In d ia n a —1st M ., g o ld .C e .
2
37
N a rra ga n sett P ie r R R .—1st m ort., $100,000...... .
8*5
Nashua < Low ell—Stock, 9 p.c. rental, 92 yrs.B.& M .
2
15
Nashville Chattanooga (2 St. L o u is —S tock................
1st m ortgage (fo r $6,800,000)......................... o*<fer 340
1st M. on F a yette, and McM.brs. ($6,000 p.m.)c\fcr 125
1st m ortgage on Leban on B ran ch ...................... c*
29
1st M. on Jasper Br. ($90,000 are 8s, due ’06)C e.e*
43
1st m o rtgage on C en treville Branch, gold.Ce.o*<fer
46
1st M. on T ra c y C itv Br. (Tenn. C. < I. RR.).c*«fcr
fe
20
D nck R. R R ., 2d m o rtgage, n ow 1st m ortgage, g.
48
OonsoL M. ($20,000,000) $20,000 p.m., g o ld .U s .c x 798
W . & A t. incs i©520,000), $26,000due y ’ly ,g .C e .c
Nashville < Decatur—Stock, gu. 7 ^ p. c. by L. < N .
2
fc
119
N ashville <2 K?ioxville—See> T ennessee Ce n t r a l .
N ashville Florence (2 Sheffield—See L o u is v il l e & N ash
Nashv. Term .—1st M., g., int. rent, red. 105, beg. ’ 07
N a tio n a l R R . o f Mexico—
P r io r lie n M., $23,000,000, g., ca ll at 1 0 5 -U n .c*. 1,405
F irs t eonsoL M., $60,000,000, g. (see te x t) €e.c* 1,405
1897 flQ O & c.
1878
1,000
1880
1,000
1,000
1893
50
1864 500 &c.
1875
1,000
1900
1,000
__ _
Var’ us
1898
1886
1896
____
1873
1877
1877
,77-,83
1883
1887
1881
1888
1895
....
100
50
300 &o.
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
25
1902
The 1899-1902 dividends w ere passed, surplus earn in gs to be used
fo r n ew equ ipm ent and redu ction o f floa tin g debt V . 68. p. 187.
B onds .—T h e T racy C ity branch 6s fa ll due $20,000 y e a rly on Jan. 1
to 1916 inclu sive, and $100,000 on Jan. 1,1917.
Consolidated m o r t o f 1888 provid es th a t all p rio r bonds shall b e paid
off at m atu rity; sufficient o 1 the $20,000 p. m. are reserved fo r them.
G e n e r a l F in an c e s .—B ills p a ya b le incurred fo r lease o f W estern
& A tla n tic R R . and n ew equ ipm ent June 30. 1902, $806,452.
L ate s t E a r n in g s .—J uly 1 to Aug. 31 (2 months):
Gross.
Net.
See tex t.
1901 $500&c. $20,000,000
1901 500 Ac. 22,000,000
D iv id e n d s > 1888 1889 1890 1891 1892 1893 ’ 94 f95 to N ov., >98
since 1887... s 4%
5
5
5
5
3% 3*2 4 p. c. yearly
2 mos.
M.
A.
J.
J.
J.
M.
J.
J.
&
&
&
&
&
&
&
&
S. In te r Trust Co., Boston. Mch. 1, 1917
O. N. Y.,8.Pac.Co.,23Broad A p r. 1, 1918
do
do
J.
Ju ly 1, 1920
do
do
J.
J u ly 1, 1913
J. N .Y ., Del. Lack. < West. J u ly 1/02, 31*
fe
N.
do
do
M ay 1, 1914
do
do
D.
June 1, 1915
D.
do
do
Dec. 1, 2000
N o v . 1, 1902
do
do
1912
do
do
M. & N.
N o v .,1902, 2%
J.& J.15 P h ila ., R ea d ’ g T erm T. Ju ly 15/02,6%
J. & J. N .Y .,N .Y . Sec. & Tr. Co. Jan. 1, 1929
J. & J. J u ly ,’01, pd. Oct., 1902. J u ly 1, 1926
F . & A . R .I.H o sp .T r. Co., P ro v. A u g. 1, 1916
M. < N. Nashua, In d ia n Hd. Bk. N o v .,’02, 4J«%
fc
N. Y . and N ash ville. N o v . 1 / 9 8 ,1 %
Q.—F.
J. & J. N .Y ., H a n o v e r N a t. Bk. Ju ly 1, 1913
J. & J.
do
do
Jan. 1, 1917
J. & J.
do
do
Oct. 1, 1917
do
do
J. & J.
Jan.,1906<fe’ 23
J. & J.
do
do
Jan. 1, 1923
J. & J.
do
do
Jan.1903 to ’ 17
M. & N.
do
do
N o v, 1, 1909
A . & 0.
do
do
A p r. 1, 1928
J. & J.
do
do
Jan. 1, ’03-’20
J. & J.
N ash ville.
^July, 1902,3%
VILLE.
N a s h v i l l e C h a t t a n o o g a <fc S t. L o u i s R y . - ( S e e M a p .)—Own*
from Chattanooga, Tenu., to H ickm an, K y ., 320 m iles; branches to
Lebanon, &c., 485 m iles; leases W estern & A tla n tic, Chattanooga.
Tenn.. to A tla n ta , Ga.. 137 miles, and M em phis & Paducah D iv is o n o f
the Louis. & Nash , 255 m iles. See Y . 71, p. 544, 664, 864. T o ta l op
erated Ju ly 1, 1902, 1,195 miles. E xten sion o f B on A ir B ranch R y.
to coal fields w as alm ost com pleted in O ctober, 19 >2.
Or g a n iz a t io n .—A m a jo rity o f the stock ($5,500,500) is ow n ed b y the
L o u isville & N ash ville, and pledged under its unified m ortgage, etc., so
th at the tw o systems are operated in close harm ony. Th e W estern A
?
A tla n tic is leased from the State o f G eorgia fo r 29 years from Deo. 27,
1890, at $420,012 p er annum.
1902................................. $1,475,427 $493,361
$438,000
5 g.
5,000,000
7
1,494,000
6 g5
1,000,000
7
15,000,000
7
5,000,000
11,677,000
7
7,000,0' 0
3Xi g.
4
100,000
4*2
1,800,000
4
221^000
12
282,350
398,000
5 g.
750,000
5 g.
4
70,000
800,000
9
10,000,000 4 fo r '98
6,300,000
7
750,000
6
300,000
6
461,000 6 g. & 8
376,000
6 g.
380,000
6
22,000
6 g.
7,432,000
5 g.
In treasury.
5 g.
$3,567,382
70s
Interest,etc. B al.,sur.
$302,374 $190,987
fe
5 g. J. < J.
4 ^ g. J. & J. I n t ’ st fro m O ct 1,1901
4 g. A. & O.
do
do
Jan. 1, 1932
Jan. 1, 1926
O c t 1, 1951
V o t in g T r u s t .—B oth classes o f stock (except sufficient to qu alify
directors) is vested in three votin g trustees fo r five years or until
the preferred stock shall have paid 4 per cent cash dividends yearly
for two successive years, but the voting trustees may, in their dis
cretion, deliver the stock at an earlier date.
B o n d s .—T he n ew bonds are applicable as fo llo w s :
P r io r lie n 4 ^ p er cent gold oonds, bearin g in terest from
Oct. 1,1901. T o ta l issue [e x c e p t to refund, $ fo r $,
M ex ica n In tern a tion a l R R . p rio r lie n bonds, n ow
$5,850,000] not to ex c e e d ................................................ $ 2 3 ,J 1UU 5UUU
j 0 0 0 ,0 0 0
O f w hich in p a rtia l exch an ge fo r o ld bonds... 1 P r e s e n t { 10,779,000
Purch. b y syndicate to pro v i l e cash re q u ire’ts. 5 is s u e . 1
9,221,000
R eserved fo r gen era l purposes under p rop er restric
tions, hut n ot to he sold b efo re Jan. 1,1 9 0 4 , e x c e p t
to m eet any u nexpected in crease in expenses o f
ch anging the gau ge and bu ildin g E l Salto extension .
3,000,000
F ir s t consolidated m ortgage 4 p e rc e n t gold bonds. T o ta l
issue [e x c e p t to refu nd, $ fo r $, M exica n In tern a tio n
al R R . 1st consols, n ow $6,983,000] not to e x c e e d ___ 6 0 , 0 0 0 , 0 0 0
In p a rtia l exch an ge o f ex istin g secu rities___
( 11,404,687
3,595,313
Purch by syn dicate to p ro vid e cash r^qu ire’ts
I
T o be issued forth w ith , w ith $7,000,000 pre P r e s e n t J
ferred stock, to acqu ire ju n io r securities o f
is s u e * ;
l
M ex ica n In tern a tio n a l R R . (in clu ding ma*
7.000. 000
jo r it v o f its ca p ita l s t o c k ................
J
1
,
23,000,000
R eserved to re tire n ew p rio r lien bonds w nen d u e...........
R es erve d fo r im p ro vem en ts and n e w equipm ent, at
6.000. 000
n ot exceed in g $500,000 a y e a r................... ................. .
R eserved fo r acquisitions o f n ew p ro p e rty and fo r e x
tensions a t n ot ex ceed in g $1 0 ,0 0 0 p e r m ile o f stand
ard-gauge lin e, o r $7,500 p er m ile o f n arrow -gau ge
lin e, ou w hich the consol, m o rtg a g e w ill be a first lien
9,000,000
T h e tw o n ew issues o f bonds w ill be secured b v a first and second
lien, re s p ective ly , on a ll the p rop erty o f the Com pany n ow
ow n ed or p ro vid ed fo r urnler the readjustm en t and th e E l Salto ex ten
sion w hen constructed, and also upon the securities o f the T e x a s M e x
ican Ry., and $15,786,000 o f the $20,708,200 ca p ita l stock o f M exica n
In tern ation al.
In June, 1902, an agreem en t w as m a -e to gu aran tee the $6,9^4,000
M exican In tern a tio n a l consol. 4s, p rin cip a l and in terest. V . 75, p. 77
P o s it io n o f N e w C o m p a n y . - T h e re p o rt o f the M exican N a tio n a l R R ,
fo r the calen dar y e a r 1901 was in V. 74, p. 826, 834; see also below .
T h e plan presents the fo llo w in g [in U n ited States c u rr e n c y ]:
N e t earnings fo r the calendar y e a r 1900, accordin g to the
annual rep ort (n ot in c lu d in g M exican In te rn a tio n a l RR*
now co n tro lle d )................................ ................ ....... ........ .$1,208,634
E x tra o rd in a ry expenditu res charged to op era tin g expenses
or again st cu rren t incom e, but p ro p e rly ch argeable to
ca p ita l account (a ccord in g to statem en t confirm ed by
Messrs. P rice, W aterhou se < C o )...........................................
fe
363,932
1901..................................... 1,273,155
373,752
305,020
74,732
A n n u a l R e p o r t .—R e p o rt fo r 1901-02 in Y . 75, p. 730, inclu ding
Paducah
M em phis division , 254 m iles, in 1900-01 and 1901-02.
Year ends J u n e 30.
1902.
1901.
1900.
1899.
M ileage end o f y e a r ...
1,195
1,195
935
935
Gross earn in gs........... $7,992,530 $7,620,128 $6,487,318 $6,081,766
N e t earn in gs.............. 2,370,416
2,509.002
2,246,734
1,982,059
Investm en ts, e t e .. ....
18,130
22,253
26,178
30,482
N e t incom e......... .$2,388,546 $2,531,255 $2,272,912 $2,012,541
Int. on debt and ta x ... $1,15 ^,768 $1,231,484 $1,262,005 $1,203,391
R en tals .....................
625,878
625,877
422,268
422,268
D ivid en d s........................... .
..................................(1%)100,000
M iscella n eo u s...........
81.189
54,514
42,731
32,347
B alan ce............eu r.$52a,711 sr.$619,380 sr.$525,908 sr.$254,535
- ( Y . 72, jj. 87; Y. 73, p. 3 3 6 , 7 8 1 , 1313; V. 75, p. 2 8 7 , 7 3 0 .)
N a s h v ille & D e c a tu r
M ap L o u is v ille <2 N a s h v ille .)—
Owns from N ash ville, Tenn., to D ecatur, A la ., 119 m iles. Re-leased to
L o u is ville < N a sh ville in 1900 fo r 999 years, the ren tal b ein g 7 ^ per
fe
cent on stock. The L < N . J u ly 1, 1901, ow n ed $1,971,600 o f the
fc
stock.— (V 68, p. 928; V . 09, p. 1012; V. 70, p. 1195.)
N a s h , F l o r . <fc S h e f f i e l d R y . - S e e Louis. & Nash.— (Y . 71, p .646.).
N a s h v i l l e T e r m i n a l C o . - Y . 74, p. 577, 830.
N a t i o n a l K R , o f y t f - x l c 'v — (See M a p . ) - O perates a roa d e x
ten d in g from Corpus C h n sti, T e x , on the G u lf o f M ex ico , to the C ity
of M ex ico , w ith branch to U ruapan, etc., viz.:
T o ta l actual n et earnings in y e a r 1900..................... ....... $1,572,566
L i n t s (m r > e j l —
M ilts .
Controlled— Becur. owned.
M iles. E stim ated net earnings a fte r the m ain lin e has been m ade
L a red o to C ity o f M e x ic o __ 8 3 9
T ex a s M exica n R y., Corpus
standard gauge, the proposed El Salto exten sion b u ilt,
A ra m b aro to TJruapan....... 143
Christi to L ared o, T e x , and
and other im p rovem en ts accom plished, but not in c lu d in g
E l 8alto branch___ ... .............. 30
b ra n c h ......... ....... ............„ 163
any surplus fro m Mexican In te r n a tio n a l, .............................$2,100,000
Matarnoras to San M ig u e l..... 76
fJnder con stru ction A nn u al fixed charges a fte r readjustm ent (e s tim a te d ):
•City o f M e x ic o b elt lin e . . ...
3
E l Salto extension GJueliueTut. on $20,000,000 p rior lien 4 8? p.c. gold bonds.$900,000
Rincon to earn Luis de Ja P a z .. 31 | toca to n ea r San M ig u e l)... 155
In te re s t on $22,000,000 first consolidated m ort
ga g e 4 per cent go ld bonds, tn c lu d ln g $7,T o ta l bu ildin g and bu ilt (about 450 m. to remain n arrow ga u ge).1,440
0 0 0 ,000 fo r purchase o f co n tro l o f M exican
A lso controls by ow nership o f a m a jo rity o f stock th e M exican In
In te rn a tio n a l........ ............................... .............
8^0,000
ternational R R . exten d in g from connection w ith the Southern Pacific
------------ $1,780,000
at E agle p a — Tex., to Durango, M ex., and to the N ational HR. o f
M exico at M onterey, with branches, 880 m iles in all. G ran d tota l N a Th e surplus o f the M exican In tern a tion a l HR. o v e r a ll its
in terest charges fo r the year 1901 (see rep ort, V. 74, p.
tional system, 2 ,3 2 0 miles.
772, 783) was ...............................
$595,002
In Oct., 1902, 530 miles o f main line, e x ten d in g from Corpus Christi
“ I t thus appears th at the fix ed chargee w ill on com pletion o f the
south, w rre standard gau ge and in operation, this inclu ding the T ex a s
Mexican Ry.
readjustm ent be w ell w ithin the net earnings o f the p r o p e rty .”
Earnings 1,323 m iles - 8 mos, t 1902 Gross,$5,876,780; net, $1,970,160
O r g a n iz a t io n . In corporated In Utah on Feb, 24,1902, as successor
Jan. 1 to A u g. 31.
< 1901 Gross, 5,148,640; net, 1,000,327
without foreclosure o f th eM exican National RR., per read,) usl.m cut plan
Issued by Hpeyer A Co. and JKuhn. Lo< b A Co. of N ew York and Hpey^r
A b o ve figures are in M exican currency.
Brothers o f Ixmdon, given in V . 7 3 , | 7 8 4 .
>
Th e new com pany has
T h e rep ort o f t he M exican National HR. fo r yea r ended Deo. 31,1901,
Issued the securities shown in the table above in exch an ge fo r old se was given In V. 74, p. 826, *34; see also editorial j>. 801.
curities and fo r the standard-gauging o f tlie main lic e from C ity o f
V ra r ena'y Dec. 31—
) 901.
1900.
1899.
1893.
M exico to Laredo, the const ruction o f the KJ Hal to extension.
1.3 22
L289
1.242
1,218
U>5 miles; also the purchase o f $1 5,786,1.00 o f the $20,708,200 ra jd ta l 1 M iles operated .........
sUa k o f the M exican In tern stlo jial RR, Bee separate statem ent fo r | Gross (Siox. o u r.)...... $7,724,526 $7,860,099 $7,087,075 $0,330,920
In 1901 not earnings (U. 8. cur. at actual rate o f exch an ge), $1,400,that com pany. In Dec., J901, o v e r 99
p e r c e n t o f the A' and
bonds, all tlie income bond >and o v e r 9 7 G per cent o f the <toch o f Mm ! MH; miscellaneous, betterm ents, etc., $80,037; taxes, rentals, e x
►
change, d ep red a tio n , etc., $170,506; Int. on p rio r lien bonds, $053,000;
Mexican N ationalIR K . 00. had acee.ptcd the plan. The M exican Na
tlona} was taken o v e r A pril 10. 1902, but the new com pany assumes dlv. ( 4*0 p e r c e n t) on ’ ’ a ” bonds, $547,425; lull., sur., $499,250,
the form er's accounts from Jan. 1, J902. V. 74, p. 820, 835.
flu (K e re ns. 1U If MArrhuiui, (’Jonrge J GuulU. VV. F5. 1-«- *• !». F bo roe,
,
*lr«.
Martin Erdnnuin, Ourdun .VIiusloruiKl, Foils M, VVarhura, W in, O. Kuoul, F. If.
H o c k , The common stock Is $33,:- 50,000, all issuable In exchange
t
Dmitri, Henry VV, Tuft.
for stock o f old com pany. $ for $. The $32.OOO.OOO o f preferred stock
O fitokus. Pres , W , G. Raoul; 2d V ico Pres., E. N, Brown; Trees.,
G abriel Morton; Hccy., G eorge H Smith
New York office, 1 Nassau
in partial exchange for ex istin g aecurl. 1l e s . . . .
....
$20 663,625
Sold to syndicate for cash reqnired by plan
j ’< 00.000 | Ht. MV. 74, )>. 1028, i 029, I 129, 1252, .1.3*5; V. 75, p. 77.)
For all rights of the M exican National Const m otion Oo.
1 ,40 0 ,0 0
N e * q 11 oh o rtl ii{T V a l l e y I t I t . —Owns from Ncwpinhont ng Junction,
issuable forthw ith to r acrj 11 Isitlon of M exican IntcrPa., to Tumencnd, Pa., 17 miles; Tunnel Branch to Lunsford, Pa,, I mile.
...........
7.000,000
national Junior securities , . . . . . . ...... ........
Leased for 999 years (w ith 5 p, o. guaranteed on stock till 1904) to the
r o r contingencies (anysurplus to new com pan y.).........
1,9 3 6 ,3 7 5 ' iAihigh Goal «V N avigation Oo., which under its option proposes to ret ire
.
INVESTORS’ SUPPLEMENT
96
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Capitan
Cam zozo
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N A T I O N A L R A I L R O A D O F M E X IC O
M E X I C A N I N T E R N A T I O N A L R. R.
PROJECTED LIN E S
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October , 1902.1
RAILROAD STOCKS AND RONDS.
97
0//
" A. ------ V ^ ’'
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Due,
A m ou n t
of
of
Par
R a te per W hen W here P a ya b le, and by Stocks—L a st
For explanation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding Cent.
P a ya b le
Whom.
on first page o f tables.
D ividend,
R A I1 j O A D B .1
R
N a tio n a l R R o f M exico.—{C onclud ed.)—
—
P re f. stock, 4 per cent, non-cum., $32,000,000...
Common stock, $33,350,000...........
.. .......
N a u ga tu ck —See N. Y . N ew Haven & H artfo rd .
18
Nesquehoning Vat.—Stock subj. to ca ll Sep. 1, 1904
130
N e va d a -G a lif.-O re g o n .—1st M. $1,500,000, g o ld ...
94
Nevada C en tra l—1st M .,g , non cum., ino. (s. f.) C e
59
Newburg Dutchess & Connecticut—Col. tru st bds.C e
59
In com e m o rtgage fo r $1,625.000........................ r
321
New E n g la n d R R —N . Y .& N . E. 1st M., c u r.B B.c*
321
Do
do
1st m ort., cur..o*
1st cons.M., $17,500,000, g .t gu.,p.& i., en d.U Ia.c* 361
. ...
N .Y .& N .E .B o s .T e rm .ls tM .,$1,500,000.A H .c& r
5
New Jersey J u n ction — 1st. M., guar., $4,000,000.c<fer
New Jersey < New Y ork — See E r ie R R . Co.
£
121
New L o n d o n N orthern—S to ck ......................... .
Consolidated M., n ow 1st M. ($688,000 are 4 s ). 0* 121
. . ..
N . Mex. Ry. & Coal—1st & con. & col. tr. M., g .C o l
165
Collat. trust, g< Id ($3,000,000) red. a t 105.N ---36
A lam . <fe Sac. M t 1st M., $900,000, g., g u a r ...N
....
E l Paso <fe R ock L, 1st M . , $2,500,000,g., g u .C o l.c *
130
D aw son R y. & Coni, Coll, tr., g., gu. p. & l.C o l.c *
195
New Orleans d N o rth Eastern—P r io r lien M ., g.C e.c*
195
1st m ortgage, gold F .......................................................................................
195
G en eral m ortgage, $8,000,000, g o l d . F .................. c& r
195
In com e m ort. (non-cum.), $1,500,000, g o ld .N .r ..
102
N . O . d N orthw estn—CoR. tru^t M., g., $500,000.C e
New port & C inein. B rid g e.—Stock, $1,500,000 .............
1st M., $1,500,000, g., s. f. gu. p. & 1 end b y P a .F Co.c*
.
Newt’n d N o rth w .—lstM .,$2,500.000 g .,r e d .t e x t o B
A. Y. B rooklyn < M anhal. Beach—Comm on stock ..
£
P re fe rre d stock, n on -cu m u lative...........................
20
20
1st con. M. (n ow 1st M .) gold, guar. Dy L. I.C e.c*
$30,063,000
32,896,000
—
. . ..
$50
1899
1,000
1888
1,000
1891 500 &c.
1877
1,000
1876
1,000
1876
1,000
1895
1,000
1,000
1889
1886
1,000
. . ..
1880
1901
1897
1898
1901
1901
1885
1881
1902
1902
1898
1895
1902
1885
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,090
1,000
100
1,000
100
100
1,000
1,418,600
450,000
750,000
226,000
1,164,500
6,000,000
4,000,000
5,000,000
1,500.000
1,700,000
1,500,000
1,500,000
1,500,000
3,000,000
322,000
2 ,5 0 0 ,0 0 0
3,000,000
1,320,000
100,000
4,900,000
1,500,000
500,000
1,500,000
1,400,000
See te x t.
350.000
650.000
1,726.000
M. &
g. M. &
5 g. J. &
M. &
5
6
7
J. &
6
J. &
5 g. J. &
4
A. &
F. &
4
S. Ph ila., 108 So. 4th St.
N.
N. Y . t M oran Bros.
J.
See tex t.
N. N. Y ., C en tral Tru st Co.
N on e e v e r paid.
J. Boston, 8. D ep.& Tr.Co.
J.
do
do
J.
do
do
O. Coup.,office;reg.,m ailed
A . N. Y . Cent. & Hud. R lv.
S ept.,'02,212%
M a y 1, 1919
J u ly 2, 1938
M a y 1, 1921
June 1, 1977
Jan. 1, 1905
Jan 1, 1905
J u ly 1, 1945
A p r. 1, 1939
Feb. 1, 1986
N e w London, Office.
N. Y ., Bk. o f No. A m er.
N. Y ., C olonial Tr. Co.
N . Y .,N . Y . Sec.& Trust.
do
do
N . Y ., Colonial Tr. Co.
do
do
N. Y ., Central T ru st Co.
N. Y . , M uller, Schall&Co.
N e w Y ork .
g. ( i f earned) on D e c .l.
See tex t.
P ittsb u rg , Pa.
4*2 g. J. & J. N .Y ., F a rm ers L .& T .C o .
5 g- A . & O.
Oct., 1902,2
Ju ly 1, 1910
Oct. 1, 1951
Oct. 1, 1947
A p r. 1, 1928
Jan. 1, 1951
J u ly 1, 1951
N o v. 1, 1915
Jan., 1911
J an. 1, 1952
J u ly 1, 1952
Jan. 1, 190s
O c t .l,,0 1 ,m %
J u ly 1, 1945
Oct. 1, 1932
5
5
9
4 & 5
5 g.
5 g.
5 g.
5 g.
5 g.
6 g.
6
4*2 g.
U p to
5 g.
5
5 g.
Q .- J .
J. & J.
A . & O.
A . & O.
A . & O.
J. & J.
J. & J.
A . & O.
J. & J
J. & J.
4*2 p. C.
J. & J.
A . & O.
Checks m ailed.
.Oct, '0 2 , 2 *2 %
A. & O. N. Y .. Corbin B an k’g Co. Oct. 1. 1935
the stock a tp a r and in terest on Sept. 1 ,1 9 0 4 ; see item “ D ela w a re D i o f the D aw son R y. and those o f the D aw son Fu el Co. ($1,000,000 each>
the la tte r o w n in g about 25,000 acres o f coal, m in eral and tim b er lands*
vision Canal” in V. 66, p. 1139.
N e v a d a - C a l l f o r n i a - O r e s r o n R y . —Reno, N e v., to M adelin e, Cal., V. 73, p. 900; Y . 74, p. 776.
145 miles; extension proposed to L a k e V ie w , Ore., 95 m iles. T h e Sierra
Secu rities .—Stock, $4,000,000, o f w hich $1,000,000 non-enm. 5 p. e*
V a lle y s R R ., Plum as to C la irville, Cal., Is operated in depen den tly.
p ref. The coll, trust 5 s o f 1897 are secured b y dep osit o f !a ll the stock anc&
V . 74, p. 776. Stock, comm on, $1,450,000; p referred , $750,000, all bonds o f El Paso & N o rth ea stern R y . o f N e w M ex. ($2,700,000 o f each)*
outstanding. D u rin g 1901-2 6 p er cen t bonds w ere a ll ex ch a n ged th e stock o f the E l Paso & N. E. R R . o f T ex a s, $300,000 (no bonds is
sued), and a ll the stock ($2,500,000) and a ll the bonds ($1,500,000) o f
fo r 5s.
the N ew M ex ico Fu el Co., the la tte r c o v e rin g 3,500 acres o f coal lands*
E a r n in g s — 11 mos., > 1901-2................Gross, $143,045; net, $55,196
O f th e first and consolidated and co lla tera l tru st 5s o f 1901, $3,000,J u ly 1 to M a y 31.
$ 1 900-1................Gross, 137,732; net, 49,105
Surplus o v e r charges. $32,034 in 1901-2, again st 1 24,355 in 1900-1. OoO are reserved to retire the c o lla te ra l tru st 5s o f 1898 and $2,000,000
are applicable fo r im provem ents and n ew equipm ent.—V. 74, p. 776.
Y e a r 1900-1, gross, $151,639; net, $55,558; int. on bonds, $27,000:
The bonds o f the A la m o go rd o < Sacram ento M 't’n R y., o f th e E !
fc
bal., 8ur.,$28,55«. Pres., D. C.|Moran, 68 W m, S t,,N .Y .— (V . 7 4 ,p. 1196.)
Paso & Rock Isla n d and those o f the D a w son R y. & Coal Co. ar#
N e v a d a C e n t r a l R R - B a t t l e M tn., N e v ., to A u stin N e v ., 94 to be guaranteed. See above. E qu ipm en t tru st notes F eb . 28, 1901
m iles, n arrow gauge; to be extended south 126 m iles fro m A u stin Jet. $175,912; notes payable, $221,985. R ep o rt fo r y e a r ending June 30,
to Tonapah, N ev., the en tire road to be standard gauge, th e N e va d a 1901, in V . 74, p. 827, show ed n et earnings, $385,690; int. on bonds,
M idlan d R R . bein g in corporated in N e w Jersey in Feb., 1901., as suc $144,121; bal., sur., $241,5t>9. N . Y . office, 68 w illia m St. V .7 4 ,p .8 2 7 *
cessor o f the N eva d a Central R R .,w ith $1,750,000 authorized stock. Y . 75, D. 794.
In Oct., 1902, n ego tiatio n s had n ot been consum m ated Stock, $75o,N e w O r l e a n s 6c N o r t l i E a s t e r n R R . —N e w Orleans, L a ., to
000. In tere st on $717,000 bonds w hich p a id an assessm ent o f $120
per bond, gu aran teed b y the N e v a d a Co. o f N. J. is p a id at office o f
M eridian, Miss., 195 miles; 30 are 60 and 165 are 75-lb. steel rails*
N e w Jersey T itle G u arantee & T ust Co , J ersey C ity, N. J. In 1902 Stock $6,000,000 (par, $100), o f w hich $5,320,000 and $4,900,000 gen*
n ew m o rtg a g e w as about to be made to secure $1,750,000 5 p er cent 4 ^ s and 0954,200 incom es w ere held b y A la . N e w Orleans T ex a s & Pao*
bonds, the old bonds to be retired. See V. 74, p. 379. E arn in gs lo r Jnnc. Ry.
R eo rg a n ized in 1902 p e r plan in V. 74, p. 681. O f the gen. 4138 *
1901-02, gross, $38,479; net, $1,234; no in te rest paid by railroad.
$4,900,000 w ere issued in exch an ge fo r 1st 6s, $1,420,000 a re re
Pres., 8am uel Bam berger.
served to r e tir e the rem a in in g p rio r lie n bonds and $1,680,009 fo r
N e w a r k S o m e r s e t 6c S t r a i t s , —Sold to B. & O. See V . 70, p. 792,
fu tu re requirem ents. T h e plan reduced th e fix e d charges b y $98,061*
N e w b u r g B u t c h e g g 6c C o n n e c t i c u t R R , —Owns fro m Dutchess
E a r n in g s .—F o r 2i$ m onths en din g Sept, 14, 1902, gross, $417,690*
Junction, N . Y ., to M illerto n , N. Y . , 59 m iles. A re o rga n iza tio n in 1877.
Stock:, Etc .—Comm on, $500,000; p ref., $600,000; par $50. T h ere again st $364,588 in 1901, R e p o rt fu r 1900-01, Y . 73, p. 1262.
w ere June 30,1901, $226,000 coll, tru st 5s; $1,164,500 in com e 6s, and
Y r . end. J u n e 30.
Gross.
N et
O ther in c. ln t .,e t c 0
B a la n ce0
$193,045
$32,000 o f 5 p. c. re a l estate M. notes. In yea r en din g June 30, 1901, 1901-02........„„ ...$2,030,262 $532,035 $3,460 $342,450
gross, $158,331; net, $34,083; oth er incom e, $510; in terest, taxes, 1900-01............... 1,029,812 475,883 5,864
391,200
90,547
etc., $19,980; baL, surplus, $14,613.— (V . 65, p. 5 6 8 .)
1,856,200
519,615
3,402
383,606
139,411
1899-00.........
N e w E n g l a n d R R , — N e w Y o r k N e w H a v e n & H a rt. RIJ. ow ns - ( Y . 73, p. 1 2 6 2 ; Y . 74. p. 268, 681; Y . 75, p. 185, 290.)
N e w O r l e a n s 6c N o r t h w e s t e r n R y . —Owns fro m N atch ez, Miss.*
n ea rly all o ft h e stock, and since J u ly 1, 1898, has leased the road,
w hich includes: Lin es owned. Boston to H o p e w e ll Junction, N. Y ., 2^4 to Bastrop, L a ., 102 m iles. On Feb. 14,1901, co n trol w a s tra n s fe rre d
miles, and branches to Springfield, Mass., P rovid en ce, R L , etc., 146 to the M issouri P a cific R y., w hich acquired $4,172,900 o f the $4,500,miles. Lin es leased (see each com pany), N o rw ic h & W orcester R R ., 72 000 stock and $2,000,000 bonds. V. 72, p. 339. 391; Y . 74, p. 574. In
miles; P rovid en c e & S p rin gfield RR., 28 m.; W oonsocket & Pascoag Septem ber, i9 0 z , sold in foreclosu re to the M issouri Pac. V. 75, p.
RR., 9 tlu; other lines, 38 miles; trackage, 29 miles; to ta l, 536 m iles. 666. In fune, 1902. exten sion w as com pleted from B astrop to the
Through N o rw ich
W orcester R R . controls N o rw ich < N e w York
te
Louisiana-A rkansas S ta t* lin e, w h en ce exten sion w as b ein g builk
n o rth w esterly to E l D orado, A rk ., 45 m iles under the ch arter o ft h e E l
Trans. Co.’s steam ers, 1 25 m iles.
H isto r y .—A reorgan ization o f the N e w Y o r k & N e w E n gla n d (sold D orado & Basrrop R y ,— (V. 73, p. 185; V . 75, p. 342,498, 6t6 .)
In foreclosu re July 9, 1895) p er plan V, 58, p. 762. In June, 1900,
N e w O r l e a n s B e l t 6c T e r m i n a l ! C o . —Owns a b e lt ra ilro a d
there had been exchanged or was held b y the lessee a ll e x c e p t $52,500
en circlin g th e c ity o f N e w Orleans and con n ectin g w ith a ll the ra il
of the $20,000,000 common and $71,500 o f the $5,000,000 p ref. stock. roads en terin g th a t city. E n tra n ce to business cen tre is had o v e r th e
Preferred stock not exchanged re ce iv e s dividends o f 3 p er cent per tracks o f the E ast Lou isian a R ailroa d . Ow ns a la rg e term in a l p ro p e rty
annum under 99-year lease.—V. 66, p. 384, 617, 10o2; V. 69, p. 1012.
at P o r t C halm ette, con tain in g about 2,300 acres, w ith 80 cotton w a re
B o n d s .—Be e gu a ra n ty o f consols by N . Y . N e w H a ven & H a rtfo rd houses, ca p a city o f 250,000 bales, a gra in ele v a to r, etc. A re o rga n iza
RR. V. 64, p. 611; $10,000,000 reserved to re tire l8 ts.— (V, 69, p. 1012.)
tion of the N e w O rleans & W estern R R
Sold in foreclosu re oh A p r il
N e w J e r s e y JTu n o t i o n R R . - 1 erm in al road through Jersey City, 9, 1901, to F. J. Lism an & Co., N ew Y o rk . Stock authorized, $1,000,T
0 0 0 , and $2,50c,000 4 per cen t bonds, Standard T ru st Co., N. Y .
Hoboken and w eeh a w k en , about 5 miles. Leased fo r 100 years from
June 30, 1886, to N ew York Central w hich guarantees th e bonds abso trustee, o f w hich $1,000,000 are outstanding. In June, 1901, p ro p e rty
was ow n ed b y a syndicate.
Pres., W. 0. D otterer, N ow O rleans;
lutely and owns $100,000 stock. Connects w ith N a tio n a l D ocks Ry.
N e w J e r n e y 6 c N e w Y o r k R R . —O w ns from E rie Junction, N. J.» Sec. and Asst. Treas., G. M cD . N a t h a n .- (V . 72, p, 722,1280.)
to GarnervJIle, N. Y ., 29 m iles: branches to N e w C ity, etc., 5 m iles ; oper"
N e w p o r t 6c C i n c i n n a t i B r i d g e C o . —Owns bridge fro m N e w ates to H averstraw , e tc., 14 m iles; tota l operated, 48 miles. E rie RR* port, K y., to Cincinnati, O. L o u is v ille & Nash, is under contract to usub
in A p ril, 1896, purchased control.
Block, $1,440,800 common; $787.- bridge; annual rental, $115,000. Penn. Co. ow n s $1,340,000 stock..
800 preferred; par, $100. Control is w ith p referred stock and first D ividen ds paid Oct., 1899, lba p. c.; 1900, 3 p. e.; 1901, 3 p. 0.
mortgage till 6 per cent has been paid on j)referred fo r three years.
E a r n in g s .—F o r ye a r 1901 gross, $155,489; net, $107,350; in terest*
Karninos —Y e a r en din g June 30, 1902, gross, $342,095; net, etc., $63,000; balance, surplus, $44,350.— (V. 63, p. 1159.)
•85,548; interest, etc.. $61,647; balance, $23,901.- ( V . 65, p. 8 2 2 .)
N e w i o n 6c N o r t h w o n t e r 11 U K , — P rojected from N e w to n to
N e w J e r s e y 6c S t a t e n IftD in d J u n c t i o n H i t . —V , 74, p. 1252. R o ck w ell C ity, la ,, U K m iles; in operation, u o w r ie to FrAser, la ., 21
.
miles. Successor in 1902 to the Boone R o ck w ell O ily & N orth w estern
N e w L o n d o n N o r t h e r n I t I t . —Owns from N ew London, Conn., to
Ry. Stock, (1). Bonds are subject to call on any Interest day at H O
BratUeboro, Vt,, 121 miles, and leases B rattleboro Sc W hitehall R R .,
and Interest. V. 75, p 794. President, H a m ilto n B row n e, Boone, la.;.
Brattleboro to South Londonderry, Vt#, 37 miles.
S ecretary, W illia m a . K e lle y .— (V , 75, p. 794.)
L e a s e d for 99 years from Dec. 1, 1891, to Central Verm ont. The
rental Is $213,552 per annum, which leaves a small surplus a fte r pro 1 N e w Y o r k B r o o k l y n 6c [Tin t ill a t t a n B e a c h R y . —Owns froian
viding fo r Inter., etc., and 9 pe r camt dividends. Taxes and im prove- I Fresh Pond Junction to M anhattan Beach (Coney Islan d), and branches
to nte met b y lessee, without, claim on N ew London Northern.
to Bay R id g e and Green point, 20 miles, o f which 16 miles double track.,
D iv id e n d s .
\hhh to A pr., 1892, 7 p. o« ye a rly, then 8 p. c. y e a rly to j
L e a s e , Et c . a consolidation A ugust 27,1885. 1leased for 99 years
893,Indus}vn, and since to A p r ,, 1902 Orielu.), til i p, e. quar, (9 p.afi.) i from May I, 1 82, to the Long Island RR. Go. at 35 per cen t o f groflf*
N e w J l f x l c o R y . Ac f o u l . — (rtrr M a p ). Owns Id Paso & North ; earnings. Rental guaranteed to be at
5 per cen t on pref. stock.
eastern Ity,, from K1 Paso, Texas, northeast 164 mUcs; to the Halado
B o n d s . T h e L. f RR. has attached to the bow ls its unconditional]
Coal Helds; con t red sa n d operates Rl Paso X I lock Islan d Ry,, O arrlzosa gu aran ty o f prln. and Jut. in addition to facts as to lease. (V. 73, p, 32.>
to Manta Rosa, 130 m iles, com pleted Feb. 1, 15)02; A lam ogordo &
N e w Y o r k Ac B r o o k l y n T u n n e l R R . — V, 75. p. 290.
8aciramento Mt. Ry., A lam ogordo, N, M., to Cox Cuflori, 2 7 k m 1 ; total
Ifv
3 2 miles.
N e w Y o r k dc (Ijiu n d n K K . —■Whitehall, N. Y., 1.0 Rouse's Point*,
In I nb.. 1902, tin- El Pa 0 6c Rock Island Ry., with $2,500,000 stock
N. Y*» 113 m iles; branches, 38 miles, 8 took, $4,000,000, p a r $100.
of wiib h 60 per cent owned by the N. M. Ry. A- Goal, and $2,506,000 u
L e a s e , KT0.~ Leased fo r long term by T h e Del a war n x- H u d s o n 0 o t,
|wr cent guaranteed 50 year bond**, com pleted the road from Gorrl/osa, which guarantees the bowls, and has $3,708,013 in vested In the prop
N, M., to Santa Rosa, 130 miles, at a connection w ith an ex tension, erty. Bee debentu re gu aran ty, V. 04, p. 181,
of tiin Ohio# Rocfc Island A Pan,, with willed) a clone traffic agreem ent
t,
Or offa.
Net,
Okarnrtt.
Ha Lane*.
n is been made fo r 9 9 s cars, V. 7 1, p. J21 9.
Y ear to $ 1900 1........$1,183,133 $421 .750 $ 2 H I ,109 snr. $140,401
Tn Dr.t,, 1901, the Dawson Ky. Ac Goal Go,, w ith $3,000,000 stock,
4 17.995
31 9,503 sur.
98,43*ii
was proposing to build from L ib erty, New Mcx n orth erly to D aw son. June 30. M 8994)_____ 1,140,575
(V. 73, p. 337; V. 74, p. 1088; V. 75. p 342.)
I J*> ndies, its collateral trust bonds to be guaranteed principal ami
interest, and to be secured by the Stock and bonds ($3,000,0(H) each)
N e w Y o r k On 11a < 1n n P a c i f i c B y , — 8 r,o V, 75, p. 30* 394.
1
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EL PASO & ROCK ISLAND RY _____
COAL LANDS SHADED ---------------------- E
£Z.
October,
1902. ]
RAILROAD STOCKS AND BONDS
99
B onds-PnaenR A IL R O A D S .
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal.W hen Due,
Am ount
of
of
Par
R ate per When Where Payable, and by (Stock#—Last
For explanation o f oolumn headings, &o., Bee notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page o f tables.
Dividend.
151
W. F. < Canada—1st M., sterling, gu. D. & H .U n .o*
6
....
Debentures, g., gnar. p. &1. end. D el. & H. C o—
....
jfe tc Y o rk C e n tra l
H udaon R i v e r —StOCk.Tr.
819
N. Y. C. & H., 1 $30,000,000 ) OOUT,on or r{
ls t m o r t ___ ( £2,000,000 S oouPon ° r r t
819
Debt oertifs., (N .Y.C entral), gold, $6,450,OOO.e&r . . . .
Debentures, 1884, $10,000,0001 A ll eq’ly ( . . o&r )
Debentures, 1889, $1,000,000. [ secured I .......r l Q Q
1
Debent’ s,g., s. f., $13,194,000. [b y mort. \ . c*<fer
Refund.M., $100,000,000, g .C e J o f 1897. lc*<fcr.
CoUat. trust, g. ($100,000,000) L. Sh. stk.G.c*&r
....
do
do
($21,550,000) Mich. Cent. stk..G
....
Debentures issued under B. < A . lease.................
fe
523
S. Y. Chicago < St. L ou is—Common stock.................
£
523
2d preferred (5 per cent, non-cum ulative)...........
523
1st preferred (5 per cent non-cum ulative)...........
505
1st M., gold, sinking fund not draw n ...... €e.e*<fcr
....
Equip. t r .,“ A ” gold, $60,000, Sept. 1, ye a rly C e.
Equip, tr. “ B ” g. $23,000 due y r ly Feb.l5„Ce.o<fcr . . . .
....
Equipm ent notes, $20,000 due sem i-annually...
53
If. Y. <6 Greenw.L —P rio rlien M .,g u .p .& i...IV .g x o *
145
if. Y. d Harlem —Common, 14 p. c., 10% guar.........
t
145
Preferred stock, 14 per cent, 10% gu ar................
136
Refunding M. (now 1st), $12,006,000, g .. .G c ’ i r
....
N. T. & Jersey—1 stM ., $7,000,000, red. at 110.G .c *
214
if. Y. Lackawanna < Western—Stock, guar. 5 p. ct.
t.
214
1st mortgage, guar, by D el. Lack. & W est___ F.c*
Constr. mort., guar, b y Del. Lack. & W e s t.F . . . c* 214
214
3d Ml. Term. Im p. (for $5,000,000), gu. p. & 1...F.
Sew Y ork Lake E r ie < Western—See E eie R R.
£
38
if. Z.
B r .-G e n . M. (now 1st) j $2,500,000, g.c”
38
a A s reported M ay 1, 1902; the amount out standi
1
1874 £100 Ac
1896
1,000
....
100
1873
1,000
1873
1,000
1853 500 &o.
1884 l,000& e
1889 l,000& o
1890 l,000& e
1897 l.OOO&c
1898 l,000& e
1898 l,000& e
1900
100
....
100
....
100
1887
1,000
1892
1,000
1896
1,000
1900 20,000
1896
lOO&c
....
50
....
50
1897 1,000&C
1902
1,003
....
100
1,000
1880
1883
1,000
1890
1,000
$4,000,000
1,000,000
131,912,900
al8,327,000
a5,727,095
a3.6 L0.500
a 4,526,000
649.000
a5,097,000
40,426,916
90,578,400
19,336,445
5,500,000
14,000,000
11,000,000
5,000,000
19,425,000
60,000
212,000
340,000
1,500,000
8,656,050
1,343,950
12,000,000
4,500,000
10,000,000
12,000,000
5,000,000
5,000,000
M. & N.
M. & N.
Q .- J .
J. & J.
J. & J.
M. & N.
M. & 8.
M. & S.
J. & D.
J. & J.
F. & A,
F. & A.
J. & J.
London, Baring Bros.
N .Y ..D . & H. Canal Co.
N. Y ., Gr. Cent’l Stat’ n.
N. Y ., Gr. Cent. Station.
London, Union Bank.
N. Y ., Gr. Cent. Station.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
M ay 1, 1904
M ay 1, 1904
Oct.15,’0 2 , li*
Jan. 1, 1903
Jan. 1, 1903
M ay 1, 1905
Sept. 1, 1904
Sept. 1, 1904
June 1, 1905
July 1, 1997
Feh. 1, 1998
Feb. 1, 1998
Ju ly 1, 2000
3 in 1902 March.
5 in 1902 March.
4 g. A. & O.
M. & S.
5
F .& A 15
5
4ie J. & D.
5 g. M. & N.
See text. See te x t
See te x t See t e x t
3 is g. M. & N.
5 g. F. & A .
5
Q .- J .
6
J. & J.
F. & A.
5
M. & N.
4
N. Y ., Gr. Cent. Station.
do
do
N. Y ., Union Trust Co.
N. Y ., Central Trust Co.
do
do
N. Y ., Nat. C ity Bank.
N. Y ., 21 Cortlandt St.
N. Y ., Gr. Cent. Station.
do
do
do
do
N. Y „ G uaranty Tr. Co.
N. Y ., b y D el. Lack.A W.
do
do
do
do
do
do
Meh. 1,’0 2 ,3%
Mch. 1,’02, 5%
Oot. 1, 1937
Y ea rly to 1902
Y e a rly to 1911
T o Deo. 3 1 ,’ 10
M ay 1, 1946
O c t.l, ’02 ,2 %
O c t.l, ’02,2%
M ay 1, 2000
Feb, 1, 1932
O ct.,’02, l i* %
Jan. 1, 1921
Aug. 1, 1923
M ay 1, 1923
6 g.
4 ^ g.
S in 1902
7
6 g.
4 g.
5
5
4 g.
3Ja g.
3^g.
3^ g.
3 leg.
1891
1,000
192,000
5 g. M. & S. N. Y ., L ib e r ty N at. Bk. Sept. 1, 1941
1891
1,000
do
do
1,553,000
Sept. 1, 1941
4 g. M. & S.
ng wh en refu nrting began Is given in first le ft hand column.
N e w Y o r k C e n t r a l & H u d § o n R i v e r R R . —(See M a p . ) —
A vera g e train load fo r en tire system, including com pany’ s freigh t,
Was 387 tons in 1901-02, against 392 tons in 1906-01.
Mileage .—The com pany’s system consists o f the f o llo w in g :
Operated under contract.—
Miles.
Lines owned.
E arnings .—F o r 3 mos. ending Sept. 30 (p a rtly estim ated) :
441 Term in al R y. of Buffalo ...U
11 3 mos.
Gross.
Net.
Other inc. Charges.
Bal. sur.
13 190 >_______ $19,460,700 $7,321,100 $1,207,100 $5,271,300 $3,260,900
369 Pittsbu rg & E a stern ............
Other............... ......................
3 1901........... 19,422,234 7,23:,619 1,131,225 5,153,326 3,214,518
CO.
107
Trackage............................. .
Lines leased.
D ividends o f 11* per cent ca ll fo r $1,648,900 in 1902. against
T otal in e a rn in g s .............. 3,319
...If 479
$1,437,500 in 1901.
6
Controlled— Operated separately.
-.11
A n n u a l R e p o r t .—Fiscal year ends June 30. R ep ort fo r 1901-02 was
6 Lake Shore & M ich S o ........n 1,413
-.11
.riven at len gth in V. 75, p. 727, 737. See also editorial p. 704. O f
136 Michigan C e n tra l................ 111,658 the freigh t (35,599,689 tons) carried in 1901-02, about 33 p. c. was
-IT
5 N. Y Chic. & St. Louis RR..IT 513 coal and coke.
..If
..If 624 Lake E rie & W estern......... IT 725
Years end. June 30.
1902.
1901.
1900.
-.11 182 Northern O h i o ...................IT 165
Miles June 30 ........................
3,320
3,323
2,829
46 “ B ig Fou r” System ............112,234
--If
Freight e a rn in g s ....................$40,^59,779 $39,550,399 $31,273,141
13 Indiana Illin o is & Io w a ___IT 2^5
fell
20,866,357
15,464,294
Passenger e a rn in g s.............. 23,807,085
54 Cincinnati Northern ......... it 245
-If
Mall, express, etc...............
6,437,004
5,916,355
4,825,517
Boston
- I f 393 D etroit Tol. & M ilwaukee , it 133
T o ta l gross earnings
. $70,903,868 $66,333,111
$54,562,952
91
- 1 237 Dunkirk A ll. V. & P itts ___it
i
Net earnings. ......................$24,040,379
$23,744,895
$20,511,365
- I f 160 Pitts. & Lake E rie svs te m .. it 180
4,876,023
4,530,294
4,716,745
33 St. L a w ren ce & Adirondacklt
56 Other incom e ....................
WaUkill V a lley.
N et in com e....................... $28,916,4U2 $28,275,189 $25,^28,110
Total owned and controlled Ju ly 1,1902 (319 miles 4-tracked) 11,026
Deduct— Rentals p aid........... $9,174,239
$9,204,619
$6,939,127
The Beech Creek Extension R R ., K ea tin g to Karthaus, Pa., 60 miles,
Interest on deb t.................
7,780,982
7,767,548
7,664,430
operated from July 1, 1902, w ith trackage to Youngdale, 50 miles, is
Taxes on earn. & sto ck ...
980,087
853,231
343,196
leased fo r 999 years. See V. 71, p. 1121; V. 72, p. 1035; V. 73, p. 790.
Taxes on real esta te.........
2,595,728
2,339,094
1,936,907
H istory , &c.—Control o f the Lake Shore and M ichigan Central roads
U, 8. In t. R ev. t a x . . . .........
68,648
68,514
65,423
was acquired in 1898, as stated below. Th eir earnings are reported
Reserved fo r deb’tu res...
300,000
300,000
300,000
separately, but the dividends on their shares held b y the Central are in
(5)5,750,000 (4%)4,937,500
D ividends...........................(5)5.961,411
cluded in the item “ other incom e,’’ offset by a lik e amount o f interest
1,500,000
2,000,000
Special implement fu n d ..
1,750,000
on the collateral bonds issued fo r th eir purchase. V. 71, p. 502.
$305,307
$492,183
$1,041,527
Balance from operat’n ...
In Jan., 1900, control o f the L ake E rie & W estern was acquired, also
President, Wm. H. Newm an; Chairm an o f the Board, Chauncey M.
a large interest in the Cleve. Cm. Chic. & St. Louis, increasing the
Vanderbilt interest in the latter to an absolute m ajority. The Central Depew. D irectors (A p ril, 1902); W illiam K . Vanderbilt, F rederick W.
has since transferred its holdings in these companies to the L a k e Shore, V anderbilt, Chauncey M. D epew, Samuel F. Barger, J. Pierpon t M or
which see. In 1900, also, an understanding was reached betw een the gan, W illia m R ockefeller, H am ilton M cK . Tw om bly, W illia m H. N e w
Vanderbilt and the Pennsylvania interests, b y which the la tte r be man, Charles C. Clarke, D. O. M ills, W illiam Bliss, Samuel D. Babcook
(deceased) and G eorge S. Bowdoin.— (V. 75, p. 550, 667, 7 2 7 , 7 3 7 ).
came Jointly interested in Ches. & Ohio R y .—V. 70, p. 76, 125,1049.
Holdings of Vanderbilt estate. V. 71, p. 1221.
N e w Y o r k C h ic a g o A S t. L o u i s R R . —("Nee Map o f New Y ork Oen
The Boston & A lb a n y RR., 394 miles, g iv in g a through line to Boston, tral & Hudson R iver.;—Owns from Buffalo, N. Y .,'to Illin o is State Line,
was taken o ver under lease N o v lO, 1900, its operations being in- except 8 miles leased betw een D unkirk and Silver Creek, lea vin g 494
claded in earnings o f system from July 1,1900. See that company.
m ile s; leases the p roprietary line, Chicago & State L in e R R .. 111., State
8tock.—D ividends on stock registered in London are payable in gold Line to Grand Crossing, 10 m iles; also leases Dunkirk to S ilver Creek,
m iles, ana
alAB^d to dollar. A s to n ew Issues in 1900 and 1902 see “ General 8 m iles; total, 512 m iles; trackage in Buffalo, N. Y .,
Grand Crossing Chicago, 111. (Lake Shore R R .), 9 miles.
Finances ” below.
Div id e n d s since 5’91. ’ 92. ’ 93. ’94. ’ 95. ’ 96 98. ’ 99. ’ 00. ’ 01. 1902.
H istory .—“ N ickel P la te” road, foreclosed and reorganized in 1887.
1890. P er cent. ( 4 ^
5
5
4H 4 yrly.
4
5
5
5
Stock .—Lake Shore & M ichigan Southern owns $6,240,000 common
Dividend rate increased from 4 to 5 p. c. per annum in Jan., 1900.
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
Bonds .—D escription o f debentures was on page 3 o f S u p p l e m e n t
D ividends .— ) ’91. ’92. ’93. ’94. ’ 9 5 .’ 96. ’ 97. ’98. ’99. ’00. ’0 1 .’ 02
of April, 1895. T h ey are a ll secured b y the refunding m ortgage of
1st pf. in Mar. $ 3qj% 3
3
4
0 5% 0 2%
0
5
5 5
1897 equally with the S^s. Ref. m ortgage is fo r $106,000,006, o f
D iv. on 2d pref., 2 p. o. in 1901; in 1902, Mar., 3 p. o. V. 74, p. 151.
which $70,377,333 reserved to retire all existin g bonds a to r beforem aBonds.—A sinking fund o f $100,000 per year is provided when net
tirity and $14,622,667 fo r premiums; the rem ainder ($15,000,000)
Is reserved fo r new construction a fter 1903. In 1902 3^8 o f 1897 earnings are $900,000 or upwards, i f bonds can be bought at or below
102; if not, the sinking tuna lapses for that year, thus lea vin g $100,000
had been Issued to retire about $32,000,000 o f old bonds.
Collateral trust 3^8 o f 1898 are secured resp ectively b y deposit in more for dividends. The original Issue o f bonds was $20,000,000, and
trust with the Guaranty Trust C'o., m ortgage trustee, o f stock o f the it has been reduced to present amount by the sinking fund purchases.
Lake Shore & Michigan Southern and Michigan Central RRs. at the Statem ent o f road under m ortgage in Supplement o f Sept., 1894. See
rate of $100 o f L . 8. & M. S. stock fo r each $200 o f bonds and $100 abstract of mortgage. V. 45, p. 541.
of Mich. Cent, stock fo r each $115 o f bonds outstanding. The total
I, \test Earnings .—F or 6 months ending June 30:
authorized issues o f 3^8 are $100,000,000 fo r Lake Shore and $21,6 mos.
Gross.
Net.
Oth. inc. In t.. tax., etc. B al., sur.
550,000 for Michigan Central. The loans are secured by separate 1902..............$3,361,964 $937,627 $23,763
$636,537
$324,853
deeds of trust. See V. 66, p .2 8 8 ,3 3 6 ,7 6 0 ,8 1 1 .
1901............. 3,582,853 959,081
12,257
615,240
356,098
The N. Y. Cent, issued in 1900 $5,500,000 o f 100-year 38s per
A nnual R eport .—R ep ort fo r 1901, V. 75, p. 133
Principally a
cent debentures for certain p rop eity not included in the Boston & A l
freigh t line, freigh t in 1901 contributing $6,0b7,828 out o f $7,4-15,484.
bany lease. See V. 69, p. 1102; V. 71, p. 502, 964.
Year ending Dec. 31—
1901.
1900.
1899.
Gu a r a n t ie s .—T he company guarantees the securities o f its leased Gross earnings............................... $7,485,484 $7,023,359 $6,919,985
lines to a considerable aggregate—see separate statem ent for each com N et earnings................................... 2,273.853
1,729,681
1,300,206
pany marked with a If in the table o f m ileage preceding. It also gu ar Ot her Incom e...................................
32,291
26,721
11,351
antees Western Transit Co. 4 > for $1,000,000 due February, 1903.
ub
Net, Including other Incom e............ $2,806,144 $1,756,402 $1,311,557
G e n e r al F in a n c e s .—T he refunding o f the $70,377,000 o f old hlgli- Additions, bot’ m’ ts and renew als.
756,000
398,587
97,673
t-bearlng bonds into the 3*«s o f 1897 during the years 1898 to Interest on b o n d s...........................
777,000
777,000
777,000
w ill eflect a saving o f $1,200,000 per annum In Interest charges ; Equipment trust charges___. . . ___
154,217
104,092
108,242
30, 1902, $32,130,393 old bonds had thus been retired;
Dividend on 1st p re f.*..................... (5)250,000 (5)250,000 (5)250,000
in charges by refunding In 1901-02, $537,467.
D ividend on 2d pref.*.. .................(3)330,000 (2)220,000
.......
uly, i 901, the cornpanv had acquired $45,289,200 of the capital
Balance, surplus.......................
38,927
$0,723
$78,642
of the Lake Shore road in exchange for3 k! p.c. bonds (see above),
• N o t e .—D ividends from earnings o f year given are paid in Maroh
t? $4,177,300 afloat, Including $533,500 guaranteed 10 per cent
o f follow in g year. Pres., Win H. Canniff.—(V. 75, p. 133 ,290.)
Aids (see V, 66, p. 288, 336 1238), arm also $16,814,300 o f M idi.
Central stock, leavin g $1,883.600 still outstanding.
N e w Y o r k C o n n e c t i n g R i f .—V. 72, p. 1280; V. 74, p. 830.
April, 1900, $15,000,000 stock van Issued at par to provid e new
N e w Y o r k A G r e e n w o o d L a k e i l y . —(See M ap o f E rie R R .)—
stock, and on Apr. 1 0 ,1 9 0 1, the stockholders voted to Increase
Owns from Jersey City, N. J., to Greenwood Lake, 39 miles, and
> from $115,000,000 to $150, >00,000, $16,912,900 o f t,he new
k
branches to
H ill
being subscribed for by stockholders pro rata at $ i2 6 per Orange, N. J.,Ulngwood, eto., 8 m iles; Watohung Ky., Forest $50. to
4 in.; total owned, 51 m. Stock, $100,000; par,
V. 74, p 151. A portion o f the proceeds will be used for the
L ease. — May 1,1896,was leasod to tlie Erie R R . for 999 years from
On
tutlon of electricity for steam on New York suburban division
' York terminal Im jirovem enis, estim ated to cost $20,000,000. May 1,1886. P rio r Hen bonds are guaranteed, principal and Interest,
by Erie. See V. 63, p, 513; form o f guaranty V. 65, p. 403.
i;W74, p. 151, 776. V. 75, p 2 4 0 ,2 9 0 ,5 5 0 )
N e w Y o r k A H a r l e m It I t . —Owns N e w Y o r k City to Chatham,
From surplus for year ending June 30, 1902, $1,750,000 was appro
priated as a special im provem ent fund In addition to $1,500,000 ap N. Y., 136 miles (four tracked 7 miles north o f Harlem R iver). Also
propriated In 1900 0 i and $2,000,000 In 1899-00.
owns Fourth Ave. St. RR.
V A N D E R B IL T L IN E S between N E W Y O R K and C H IC A G O . H
s goo Jc7
sTl
IO «
s,
TAWA
CAN.
R en frew
*l
Haliburton
olven n e
Vanderbilt
2 JjGaylord
^
/I'bVliW
:
v v ® Sound
_ ^jcXBeaver ^ ake
^
upper, L J -
*
PAC.
5 fg h a m
|
arriston
zUM Kwtlaad
Jr b q r '
Po^ ° c ^ A ^
y Beeto^
>
lington
I
T
-V 3°*0,
&
-o£-e
S x lt^ ^
£
O'
Alma"
i \ °
<?< 1 \
^
ketrui
^MILWAUKEE
R
l^
^ .iV e - f.L ^
G R A N D R A P ID !
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o v eJ
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1 1
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C^- R IC H r iE L iS 0
SPRINGS
ar
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c ^ r t la 'n d
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TRO Y
S .^ O H E N E C T A D ?
.
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V
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Overly
cow anesQ
stoke^ dale
y^
^ T o w a n d a x y ^ v ,.
GaletduW ellsboT
S te
la
Em porium
Driftwood
Monon
Mn
,-fcY £
/wi LLl AM SPORT
*V§v. &
Keati ng<^x
£
/
f-y
cJ
/
iu Bois
Barker
OHl
_ c R•
__
icrantoi
/y SHORE
J llO .
p.
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Gall-
Mt.G ilead.
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/
SUPPLEMENT.
a 'c
r^.
INVESTORS’
A*
& U ,
O /Ge h
ulp'
1 1
°^
-cA
>urli'am,
^ x CadillacPs.^
x
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F
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PoU sX
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1
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erre H a u te ^
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P^O-bM-Syi LLC
Jt>
T H E
NEW YORK CENTRAL & HUDSON RIVER R. R.
LAKE SHORE & MICHIGAN SOUTHERN R’ Y
NEW YORK, CHICAGO & ST. LOUIS R. R.
MICHIGAN CENTRAL RAILROAD.
Carlisle.
caster
v^1
n.__R
JColui^ibla
York.
Gettysburg
a
R
B A L T IM O '
Jamden
|^ol. l x x v .
•*/ \
Gr.eehsjmr*
?l
O F
O ctober , 1902 ]
RAILROAD STOCKS AND BONDS
lO l
R ohaI h—h
*
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
A m ou n t
pal, When Due
of
of
Par
Outstanding Rate per W hen W here P a ya b le, and by Stocks—Last.
F o r explanation o f colum n headings, <fco., see notes
Road. Bonds Value.
Cent.
P a ya b le
Whom.
on first pa ge o f tables.
D ividend,
$
R A IL R O A D S .
N o te Y o r k N e w H a v e n & H a r t .—Stock. See te x t
1st m ortgage (fo r $5,000,000).............................. r
Debentures, exch an geable fo r stock 1903........ c*
Deben. ($5,000,000 each), cur., non -convert. .c<fcr
N . Y . P ro v. & Bos., gen. M. (n ow is t ). g.. ass'dc&r
Shore Lin e 1st M ., N. H a v . to N . London , assumed
H ou satoilic old consolidated mort. (a ssu m ed )...
N ew consol. M. ($3,000,000) g. (assumed) F . c *
N e w H a ven Steamb. M., g., ass’d, ca ll a ft. 1904..
B onds of P r o p r ie t a r y , etc ., L in e s :
$100 $54,685,400 8 in 1901
4
i “ 3 1883 l,000& o
2
2,000,000
. . . . 1893 100 &c. 16,397,200
4
a
10,000,000 3 1 & 4 g .
. . . . '97-’01 . . . . . .
1,000,000
62 1892
1,000
4 g.
49 1880 Id OO&c
4^
200,000
90 1880 500 <fec.
4
100,000
90 1887
2,839,000
5 g.
1,000
. • • ■ 1899 500 <fcc.
225,000
5 g.
51
Bos. & N .Y . A ir L . ls t M .,N . H .t o W illim a n .,C t.c*
Colchester R R . 1st m o rtg a g e .................................
3^
36
Danbury & N o rw a lk con."M. ($100,000 are 6s). c*
Genl. M .,D anbury,C onn,,to W ilson P o in t, &c.o*
36
H arlem R. & Porto. 1stM. gu. ($1,000,000 6 s ).F.c& r
12
12
2d m ortgage, guar. (See V . 56, p. 8 1 3 ).F . c&r
Naugatuck Is t M ., Nauga. June, to W in sted , C t.r
55
D eb en tu res........................................................
N e w H a ven & D erb y, consol, m ort. (N o v. ls t)..c *
13
N .H .& N o ., con. s. f. $15,000p. yr., n o t d m .U n .e *
98
N orth ern E x ten sion bond s........................... .c*
28
D eb'tu res ext. in '96, non-conv.,V. 62, p. 548.0*
■...
H o ly o k e & W ., leased, m tge. $200,000, guar..c*
10
N e w E n gla n d and Old C olony—See those cos.
P ro v id e n c e & W orcester 1st m o rtg ag e, cu rren cy
51
Nan. B 'ch, 1st M. ($240,000 own. N .Y .N .H & H .)
7
N.Y.O.<£ W.—R ef. (1st) M. $20,000,000, g. UIe.c*«fcr T e x t.
G old notes, sec. b y 1st M. on Scranton C oal C o ..
....
D o g., sec. b v 1st. M. on E lk H . C & I ,due s-a.c*
mm
mm
Car. tm sts, $37,000 p a ya b le sem i-annually l a .
....
Car trusts, $40,000, p a ya b le sem i-an n u ally........
N . Y. < Ottawa R R .—R e c eiv ers' eertif., $585,000..
&
128
1st M., $3,500,000................................. M o .x .c * & r
128
1880
1,000
1877
1880
1,000
1883
100
1873
1,000
1881
1,000
1883 l,0 0 0 & c
1902
1888
1,000
1879
1,000
1881
1,000
1886
1,000
1891
1,000
500,000
25,000
500,000
150,000
2,000,000
1,000,000
150.000
(U
575.000
1,200 000
700,000
700,000
200,000
1897
1,000
1880
1892 1,000&C
1899
1,000
1900
1,000
1,000
1902
190 5 1,000
1900
1897 l,000<fce
1,500,000
250.000
16,937.000
2,150,000
3,275,000
*7 0 000
399,000
535,000
1,728,000
L e a s e .—Th e p ro p e rty (ex cep t tlie horse railroad) w as leased A p ril 1,
1873, fo r 401 years, to tlie N. Y . Cent. & H udson R iv e r R R . fo r in terest
on bonds and d ivid en d s at ra te o f 8 p. c. y e a rly , s-ince in crea sed to 10
J . e. throu gh refu n d in g o f bonds. Y . 70, p. 740, 1049, V. 71, p. 29,
>
1220. Th e street r a ilw a y w as leased in Ju ly, 1896, to M etrop o lita n
S treet R y. Co. fo r 999 years at $350,000 y e a r ly (3*2 p. o. on stock) fo r
5 years and $400,000 (4 p. c.) th erea fter. Y . 62, p. 1088.
REGULAR ANNUAL DIVIDENDS 1902.
G u aranteed b y N. Y . C en tra l..........................,...10% (Jan. 5%, J u ly 5%)
From M etrop o lita n S treet R y . rental.-.
31
s% (A p r il 1 %%, Oct. 1%%)
E x tra as int. on in vestm en ts (Y . 6 7 ,p. 1 7 8 )...% % (A p r il
O ct. H %)
A ls o in Oct., 1899, a surplus distribu tion o f 25 p. o.— (V . 74, p. 1252.)
N e w Y o r k & J e r n e y R R . —Owns tw o p a rtia lly constructed tun
nels under the Hudson R iv e r, betw een N e w Y o r k C ity M anhattan
Borough) and Jersey C ity, about 4,000 fe e t o f the north tunnel h avin g
been com pleted and 1,580 rem ain in g to be built; o f the south tu nn el
600 fee t has been constructed. Term in als in N e w Y o r k w ill be in the
meighborhood o f Christopher and H udson streets. T o be operated b y
electricity. T h e N o rth Jersey and J ersey C ity H obok en & Paterson
Street Rys. w ill use the tu nnel w hen com pleted. £n -\pril, lo o 2 , p re
lim in a ry construction w o rk was begun; in Ju ly, 1902, the N . Y . R a p id
T ra n sit Com m issioners era n ted a p erp etu a l franchise, th e ren ta l
charges to be readjusted e v e ry 25 years. See Y . 75, p 77.
In co rp o ra ted in N e w Y o r k on Feb. 11,1902, as successor o f the Hudcon Tu nnel R y., sold in foreclosu re p er plan Y 73, p. 1313 (see also V.
70, p. 996 and 1149).—Y . 74, p. 380. Stock, a ll issued, $8,500,000, o f
w hich $3,500,000 is 6 p er cen t non-cum ulative p referred; par o f
•hares, $i 00. O f the $7,000,000 bonds, $2,500,000 are reserved fo r the
construction o f the south tunnel. V. 74, p. 380, 577.
O f f ic e r s .—Presiden t, W m . G. M cA doo; V ice-Presidents, W a lte r G.
Oakman and Edm und C. Converse; Secretary, Chas. W. K in g; Treas
urer, H e n ry A . M u rray; directors, Y . 74, p. 577. Office, 15 W a ll S treet
N e w Y o rk . Y . 74, p. 380, 577, 8*4, 988; V . 75, p. 77, 6 7.
N e w Y o r k L a e k a w a i i E a Sc W e s t e r n . R y . —B in gh am ton to B u f
fa lo and I n t e m a t l B rid ge and branches, 214 m iles, o f w hich th e m ain
line, 213 m iles, is double track; D ela w a re L . & W. has a lease fo r dura
tio n o f charter fro m October, 1882, g iv in g a gu aran ty o f th e bonds and
5 per cen t y e a r ly on the stock, bonds and stock bein g endorsed. See form
o f gu a ra n ty o f term in a l bonds in Y . 67, p, 1357; see also V. 68, p. 283.
N e w Y o r k L a k e E r i e Sc W e s t e r n R R . — See E r ie R R . Co.
N e w Y o r k N e w R a v e n Sc H a r t f o r d R R . —C overs Southern
N ew E n glan d and the o n ly d irect routes b etw een N e w Y o r k and Boston.
Leased (p a r t Owned,)
M iles.
L in es Ovmed i n Fee—
M iles, N e w Eng. R R . (w hich se e )....... 536
Junction n ear N . Y . C ity to
O ld C olon y R R . (w h ich s e e )..616
Springfield, M a ss....................122 L itch field , Conn., to B e th e l___ 38
Lin es to P rovid en ce, P ittsfield ,
L in ^ s Leased—
Litch field, e tc ...................... .316 P ro vid en c e & W o rc e s te r........ 48
Leased, and C ontrolled —
O ther l i n e s ........... .................... 20
Lines to Tu rn er's F a lls, e tc ___268 T ra c k a g e to N . Y . C ity, e t c . . . . 30
Other lin es......................
43
T o ta l oper. Ju ly, 1902(88 m iles has fo u r and 667 tw o tr a c k s )-.2,037
Controls F a ll R iv e r, P ro v , < Ston ington , y e w H a ven , N e w London
fe
and N orw ich 88. lines. V. 70, p. 8 4 2 ; V. 71, p. 643 ; V . 73, p 721.
Proposed steamshixj connections w ith Euroriean p orts, O et.,1 9 o2 , see
Y . 75, p .7 9 4 .
H i s t o r y .— A consolidation In 1872 o f th e N e w Y o r k
N e w H aven
and the H a rtfo rd & N e w H a ven . In years 1892 and 1893 acquired
control of several com panies w hose bonds are g iv en in ta b le above.
The H ousatonlc, Bhore L in e, N. Y . P ro v . & Boston and the Shepaug
Litchfield & N orth ern h ave been absorbed b y consolidation. V . 69,
i>, 742. Bee also Old C olony. Fou r-tracking, etc.,a t B ridgeport, Conn.,
V) cost perhaps $3,000,000, p rogressin g in 1901. V 6 9 , p. 955; V. 71,
x . 644; V 7 3 , j). 138. V. 75, p, 729. In 1895 acquired con trol o f N e w
>
England R R ,
Electric Railw ays.—C on trols S tam ford St. R y., M eriden E lec tric Ry,
electric ra ilw a y betw een H a rtfo rd and N ew B ritain , 10 in., 14 m ile
between Providence and Bristol, etc. V. 67, p, 732; V. 69, p. 74.2
V. 71,p, 644; V. 72, p. 137.
C a p i t a l St o c k . -Stock au th orised ,$ 100,000,000.
I t m ay be issmv
fur im provem ents, buying stocks and bonds o f leased roads, <fco
$1 6,397,200 w ill be needed to take up the co n vertib le debentures ii
1903. (V. 56, p. 289, 373, 579.)
D iv id e n d s .— > 1873-1893.
1894.
1895 to S e p t , ’02, o n e !
Percent. < 10 y e a rly .
>
9
8 ( 2 per cent quar.)
Bo n d s . The convertible debentures o f 1893 fo r $10,397,200 urn < :
•
Changeable at option of holder “ on A pril 1,1903, or within 00 day
thereafter, and no lon ger/’ fo r com pan y’s stock a t par. i f not the;
exchanged they w ill be paid in cash A p ril I, 1908. Hen V, 55, j>. 1 0 3 .';
and description pa ge 4 B o il o f A p ril, 1895.
U nder the lease Nov
ro,Mi **
,:U w l” the debt o f Old Colony. In Mar., 1901. -5 0,
jn
^ hi ) * non-convertlblo debentures we e au thorised, $ >,000,000 o
wlih'h y/ere sold, the proceeds to be used in part fo r Im provem en t
at Bridgeport, Conn. V .72, p, 627; V. 73, p. 721; V, 75. p. 729.
L b ased L ime s t o c k s .—T he stocks o f th e leased lin es iinexeUangei
M June 30,1901, or later, and the dividends p ayable thereon are showi
3
p ^ ® H
h;hres being all $100 eao 1 exnop11ng I) a n b ury & 5 orw alk
«
wmou are $50 each. Th e leases are fo r 99 years.
5
7
5& 6
5
6< 7
fc
4
A
3*2
5
6
5
5
4
4
2^2
4 g.
5 g.
5 g.
4h?g.
41ag.
6
4 g.
Q.—M.yo
J. & D.
A . & O.
M. & S.
A . & O.
M. < 8.
fc
A . & O.
M. & N.
A . < O.
fe
N e w H a ven , Co.'s Office. Sept. 30, ’02, 2
N. Y ., Chem’ al Nat. Bk. June 1, 1903
N. Y ., L in co ln Nat. Bk.
See te x t.
N e w Y o rk .
Meh. 1, 1947
do
A pr. 1, 1942
N. H ., N at. N . H . Bank. Moh. 1, 1910
N e w H a ven , Conn.
Apr. 1, 1910
N. Y ., Farm . L. & Tr. Co. Nov. 1, 1937
N . Y ., L in co ln N at. Bk. June 1, 1919
F.
J.
J.
A.
A.
J.
J,
&
&
&
&
&
&
&
A. N .Y ., L in coln Nat. Bank A u g.
J.
N e w H a ven ,Conn.
Ju ly
J.
do
do
Ju ly
O.
do
do
Apr.
O. N, Y ., Chem 'al N at. Bk. Oct.
D.
do
do
June
D. N e w H a ven , Ct., Treas. June
1,
1,
1,
1,
1,
1,
1,
1905
1907
1920
1925
1903
1911
1913
M.
A.
A.
J.
A.
&
<
fe
&
<
fc
&
N.
O.
O.
J.
O.
1,
1,
1,
1,
1,
1918
1909
1911
1904
1911
A . & O.
A . & O.
M. & S.
.......
J. & D.
J. & D*
M. & 8.
J. & J.
M. & N .
N e w H a ven ,
do
do
do
do
Conn.
do
do
do
do
P ro v .,R . I. Hosp. & T .C o
Treas. Old Col., Boston.
N. Y. O ffice.56 B eaver.
N .Y .,N . Y S e c .& T r Co.
N. Y ., M orton T ru st C
N . Y ., M ao bat. Tr. Co.
N e w Y o rk ,
Of. rec.,27 P in e St., N .Y .
N ov.,'98,cou p.iast paid.
M ay
A p r.
A pr.
J u ly
A p r.
Oct. 1, 1947
V. 72, p. 675
June l , 1992
F eb ’03 F e b .'ll
D ec.’02 f'ne'15
T o June, 1906
M a r.’03-8ep.'07
B y Ju ly, 1903
N o v. 1, 1917
Stocks—
Total issue.
TJnexch. D iv id 'd . P e rio d .
B erkshire...................................... $600,000
$599,000
6 p. c. Q.—J.
B. & N. Y . A ir L in e p r e f............2,998,500 1,396,000
4 p. o. A . & O.
do
do
com m on .. 898,500
154,700 P a y s no d ivid 'd ,
D anbury & N o rw a lk ...........
600,000
152,925
5 p. e. J. & J.
N a u ga tu ck ..................................2,000,000 1,006,400 10 p. e. J. &, J.
21,600
N. H . & D erb y........................... 447,000
4
J. & J .
N e w E n glan d, c o m m o n ......... 20,000,000
52,500 P a xb no divid 'd.
do
do
p r e fe r re d ...........5,000,000
74,100 3 p c. Oct.31,<fco
N. H . & N orth am pton ................ 2,460,000
None.
4
A . < O.
fc
Old C olony ............................. 16,608,900 11,089,900
7
Q.—J.
P a w tu x e t V a lle y (par, $ (? )),.. 100,900
100,900
7 p. e. J. & J,
Stookbridge & P it t s fie ld .......... 448,700
437,700
6
Q .- J .
A n n u a l R e po r t .— A n n u a l m eetin g is held th ird W edn esday in Oot,
R ep ort fo r 1901-1902 w as in V . 75, p. 730
Yr. end. Ju n e 30.
1902.
1901.
1900.
1899.
Miles o p era ted ..
2,038
2,018
2.038
2,047
Passengerearns.$21,223,631 $19,853,093 $19,764,755 $18,384,831
F re ig h t e a rn s ... 21,871,642
19,864,701
20,164,753
18,381,849
M iscellaneou s...
425,814
414,517
395,643
377,237
Gross e a rn in g s ..$43,521,087 $40,132,311 $40,325,151 $37,143,917
$12,083,332 $12,100,311 $11,562,661
N et ea rn in gs_ $12,247,213
_
O ther in com e
613,060
562, .*60
546,121
623,423
Tot. n et income$12,-c 60.273 $12,646,391 $12,646,432 $12,186,084
In t. on b o n d s... $1,305,838
$1,166,967
$1,062,435
$1,100,119
521
O ther in te rest...
4*6
1,858
10,953
R en tals....
4,464,711
4,451,634
4,537,875
4,476,258
2,410,380
2,367,636
T a x e s .......
2,171,167
2,484,605
D ivid en d s.(8)4,296.568
(8)4,294,738 (8)4,231,278 (8)4,158,688
B a la n ce............. sur.$382,2tfO(sur.$363,548 sur.$391,3 5 sur.$207,282
Offic ers .—Presiden t, John M. H a ll, N ew H a ven ; S ecretary, W . D .
Bishop Jr.; Treasu rer, W m . L. Squire, N e w H a ven , Conn.
Directors.—William Skinner, Holyoke, Mass.; VV. D. Bishop, Brihgpoort., Conn.
Carlos French, -Seymour, Conn, ; J. Pierpont Morgan, W 1
Iliam Rockefeller,
Chauneey M. Depew, George McC, Mdi^r, New York; Joseph Park, Eve; O. D.
Newton Barney, Hartford, Conn.; Charles F. Choate and Nathaniel Thayer,
Boston; Royal C. Taft, Providence; ■ F. Brooker, Antonia, Conn.; I. De V.
.
Warner, Bridgeport, Conn.; J. M. Hall, Arthur !). Osborne, Geo. J. Brush,
New Haven; Frank W. Cheney, South. Manchester; Edwin Milner, Moosup,
Conn.
— (Y. 73, p, 612, 616, 7 2 1 , 1062; V .7 4 , p. 380,1038,1196, 1252; V* 75
p .6 6 7 ,7 2 9 ,7 9 4 .)
N e w Y o r k Sc L o n g R r a o c k R R * —P erth A m b o y to B a y H ead, N .J.
38 m iles. L eased in 1888 fo r 99 years to Penn. R R . and Cent. RR. o f
N . J., w hich jo in t ly and sev e ra lly gu a ra n tee in terest and 7 per cen t on
$2,000,000 stock, a ll ow n ed b y Ceu. R R . o f N . J.— ( Y . 72, p. 438.)
N e w Y o r k O n t a r i o Sc W e s t e r n R y *—(See M a p . ) —O perates
fro m W eeh aw ken, opposite N . Y . C ity, to O sw ego, on L a k e O ntario:
R oa d Owned—
M iles.
R oa d Oontroiled<&c.
M ile s .
O sw ego to C orn w all, N . Y ........ 272
P eck sp ort Conn, (a ll o w n e d )..
4
B ranch to N e w B e rlin ............. 22 Ontario Carb, A S. (a ll ow n ed.)
s
do
to D elh i........................ 17
Cadosia, N .Y ., to S cra n ton ,P a . 54
do
to H ig h F a lls .............. 25 R om e & C linton (leased)
j[13
U tica C linton & Bing, (lea sed ).ft3 1
T o ta l o w n e d ...................... ...3 3 6
7
W harton V a lle y (o w n e d )..........
Trackage (till 2079) W . Shore R R .:
IT See this Co.
-— •
C'n w a ll toW 'h ,ken(V.61,p.425) 53
T o ta l op era ted J u ly 1,1902..498
Tn 1899 acquired n ea rly a ll the securities o f the P o rt J e rv is M o n tieelfo < N e w Y o rk R R . (w hich see); fu ll leg al titLe to tlie la tte r w ill be
fc
acquired, fo rm in g w ith an extension o f the E llen ville branch, 27%
miles, p ra c tic a lly co m p letin g in O ctober, 1902, a through lin e b etw een
P o r t J ervis and K in gston. V. 71, p. 556; V. 75, p. 505
O r g a n iz a t io n .—T he N e w Y o r k < O sw ego Midland was sold in fo r e
fe
closure N o v . 14,1879, and this com pany organized.
St o c k .—Stock is $58,118,982, (par, $100), o f w hich $5,000 is old p re f.
V o t in g T r u s t .—T he p referred was o rig in a lly $2,000,000, but a ll e x
cept $5,000 has been exch an ged fo r bonds under act o f June 8, 1885.
Th e exch an ged p referred stock Is held a liv e under a v o tin g tru st and
elects eigh t o f the thirteen directors under a provision o f the 1 A rtic le s
4
or A ssocia tion ,’' until a divid en d shall have been earned and paid upon
Hie comm on stock. T h e v o tin g trustees elect direetors in the in terest
o f the common stock. Bee V. 61, p. 425, 426, and ed itoria l, V. 65, p.495.
B o n d s , E re. —
Refund/ing m ortgage ror $20,000,000 covers ;U.9 m iles
o f road owned, all the securities o f the O ntario Garb. & Scranton Ry.,
54 miles, and all oth er p rop erty h erea fter acquired. Dio balance
unissued is a va ila b le fo r additions, im provem ents, etc. V. 72, p. 87.
O ' n r r a l F in a n c e s .— In 1902 surplus earnings wm*e being applied to
double trackin g 1 0 / m iles o f main linn, to njctund o v e r three o r fou r
years, to cost about $1,500,000
V .7 I, p 830; V
< , i*. 505.
>
E a rly In the calen dar yea r 1899 the coal properties at Scranton,
Pa., o f the Lack. Iron << Steel Go., (tlie ca p a city o f the collieries
V
then open being about 700,000 tons per anunun w ere purchased by
t*lie Horan I on Goal Go., aided by loans from the N V o . As V , the la tter
V
issuing its $2,5‘ 0,000 5 p. a. notes (reduced to $2,1.50,000 on vug. 1,
1902), ex ten d in g o ver a period o f years sneered by first m ortgage ou
the coal p roperty, and lo a n in g $1,175,000 (o f which $3On,000 has
been repaid) secured by a second m ortgage thereon, the O & VV, ob
tainin g a co n tract fo r the en tire tonnage. V 08, p 41, 429, Th e
coal com panies are ex p ected u ltim ately to take, care o f all the o b lig a
tions created. V. 69, p. 604, 646.
Boonville
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O c T e r n ? , 19(3.J
RAILKOAD STOCKS AND BONDS,
103
Bonus—ifirinolIN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Due.
Am ount
of
When
of
Par
For explanation of oolumn headings, &o., see notes
Outstanding R ate per Payable W here payable, and by Stocks—Last
Road. Bonds Value
Whom.
Cent.
Dividend.
on first page o f table.
R A IL R O A D S
V V Phila <t Ear folk—Stock, *2,000 000 ..............
1st M „ $3,000,000, gold.. F P .......................... C*
Incom e mort., g., non-cum., re g,($1,000,000) F P
N. T. < Putnam .—N .Y . A No., 1st mortgage, gold.c
£
N. Y .& P . con., $6,200,000, g., gu. p.&i. end.U n.o*
N. T. < Bock. B ’h.—1st M., $1,000,000, g., gu .C e.c*
6
N. T. Susq. < Western— Midland RR. 1st M., g.C e.o'
6
Paterson Extern R R. 1st M., real estate, s. f., g.o*
N. V ftnsqnp.hanna ^ W e s te rn , l st m ortgage......
1st m ortgage, refunding, g o ld .C e ........... . . . . c*
“
2d mort. ($1,000,000 gold) 3d M. on 73 m .O e.c*
General m ortgage fo r $3,000,000, go ld — C e . r
Collateral trust bonds, subject to call, cur.Co.
Term inal 1st mort. fo r $2,000,000, g o ld .. Ys.c*& r
C tmi HtA........ ......................................................
Jn.r
A llie d companies—
Wilkesb. A East’n, 1st M .,gold, guar. p. A L G .-O '
Susq. Connect. R R . 1st M. g.,red. at 105, g u .M p c
M iddletow n U n A W. G.—See that company.
Passaic A N. Y ., 1st m ort., (999 years, re n ta l)...
M acopin RR., 1st m ort. (br’ch to Macopin Lake)
N. Y . 8. A W. Coal Co., 1st M. (1,050 acres, s.f.).c*
N. Y . A W ilkesbarre Coal Co. 1st m o rtg a g e .. C o
N .T . Tex. < Mex.—1st. M.,g.,$ or JE.gu.by8o.Pac.Fc''
6
N o rfolk < C arolina - See A tlantic Coast L ine RR
£
N o rfo lk < Southern—Capital stock .........................
£
1st m ortgage, $10,000 per mile, gold. A .............o*
N o r fo lk & West. B y .—Com. stock, $66,000,000. A..
Adjustm ent pref. 4 p. o. non. cum. $23,000,000. A
a There are also $53,000 not guaranteed.
112
112
57
57
12
12
72
1
134
134
134
___
$50 $1,714,375
1899
' 21600,000
1,000
1899
1,000
1,000,000
1,000
1887
1,200,000
1894
1,000
4,025,000
1887
1,000
984,000
1887
1,000,000
1,000
1880 500 Ac.
3,500,000
250,000
1881
1,000
5,000
1887
1,000
3,745*000
1887
1,000
447,000
1,000
1890
2,551,000
1895
1,000
253,000
1893 l.OOOAc
2,000,000
4 361
4
4
5
4
5
See te x t
g. J. A J.
M. A N.
g- A. A O.
g. A. A O.
g- M. A S.
6 g6 g.
6 g.
5 A 6 g.
4^ g.
5 g6
5 g.
5
A.
J.
J.
J.
F.
F.
M.
M.
A
A
&
A
A
A
A
A
Checks mailed.
Phila., 26 So. 15th St.
Cheoks m ailed(see tex t)
N e w Y o rk City.
N .Y ., Gr. Cent. Station.
N .Y ., U. 8. M. A Tr. Co.
.Tune 1. ’02.2io
Jan. 1, 1939
Jan. 1, 1939
Oct. 1, 1927
Oct. 1, 1993
Sept. 1, 1927
O. N. Y .,O f .21 Cortlandt St. Apr. 1, 1910
do
D.
do
June 1, 1910
r— — -i
l
J.
1911
J.
do
do
Jan. l j 1937
A.
do
do
Feb. 1, 1937
A.
do
Aug. 1, 1940
do
N.
do
do
M ay 1, 1905
N.
do
do
M ay 1, 1943
do
do
65
10
1892
1897
1,000
1,000
3,000,000
250,000
3
2
1885
1896
1887
1893
1882
500
1,000
500
£ A $
70,000
44,000
426,000
450,000
a l , 465,000
....
1891
100
1,000
100
100
2,000,000 4 in 1902 Q .-J . N. Y ., A tlan tic Tr. Co. Oct. 10,’02,1%
do
do
1,380,000
5 g. M A N .
Ma y 1, 1941
64,469,200 2 in 1901 J. A D. Office, Philadelphia. June 20, ’ 02, 1
do
do
4 in 1902 F. & A.
Aug.22,’02,2%
22,752,800
... .
91
144
144
....
....
....
In N ovem ber, 1900, eight independent anthracite properties w ith a
m axim um output o l 2,000,000 tons annually w ere m erged as the Elk
H ill Coal & Iron Co., the N. Y . O. & W . issuing its $3,500,000 5 per
cent sinking fund first lien gold notes secured b y the Coal & Iro n Com
pany’ s first m ortgage, these notes m aturing $75,000 each 6m os., begin
ning June 1,1901, to June 1 ,1 9 11, and th ereafter $200,000 semi an
nually to Dec. 1,1915. In the even t o f any additional m ortgages
being placed on the railroad properties besides the refu ndin g m ort
gage, the notes are to be secured pari passu w ith such n ew obligagations. The E li H ill Co. also made a second m ortgage to the N. Y O.
A W . fo r $2,400,000 at 5 p er cent. Y . 71, p. 1270; V. 73, p. 501.
The com pany’ s coal tonnage is d erived from the fo llo w in g sources:
Scranton and E lk H ill companies (as above sta ted ), tota l m axim um
capacity, 2,700,( 00 tons; other companies, 300,000; shipments from
washeries, 8 0 0 / 00 tons.
E a r n in g s — 2 months, ) 1902....... Gross, $746,060; net, $126,826
Ju ly 1 to Aug. 31.
>1901...... Gross, 1,115,041; net, 400,154
A n n u a l R e p o r t .—Fiscal year ends June 30. A nnu al m eetin g last
Wednesday in September. R ep ort fo r 1901-02 was given at len gth in
V. 75, p. 495, 505; see also editorial, p. 475.
Coal traffic in 190102, 2,455.305 tons (out o f 3,612,487 tons), against 2,361,026 in ’99-00.
Tear ending June 30.
1902.
1901.
1900.
Gross earnings........................ $5,456,696
$5,322,884
$4,963,483
O perat’ g expenses and taxes. 4.157,754
3,777,137
3,414,917
$1,548,506
$1,545,747
Balance, n et earn in gs___$1,298,942
$1,822,258
$1,962,991
Tot. n et income, incl. “ other.” $ l,8 lu ,9 1 7
617,480
654,133
In terest on m ortgage bond s..
677,480
232,092
153,471
M iscell.interest and discount
277,032
192,282
197,533
Rentals p a id ..........................
197,446
Balance, surplus.................... $658,959
$879,233
$859,024
Pres.,Thos. P .F o w le r .- (V . 75,p. 3 4 0 , 342, 4 4 0 , 4 9 5 , 5 0 5 .)
N e w Y o r k 6c O t t a w a R B , - T u p p e r Lake. N. Y ., to Ottaw a, Can.,
128 miles. Stock, $2,540,000. In A p r., 1900, H en ry W, G ays was
appointed receiver. V, 70, p. 842. In July, 1900, $585,000 receiver’ s
certificates were authorized, o f w hich $400,000 w ere issued. V . 71, p.
135. Foreclosure sa e has been set fo r N ov. 20, 1 9 0 2 , under the first
m ortgage; all the first and n early all the second m ortgage bonds h ave
been deposited w ith Spencer Trask & Co, under a bondholders’ agree
ment, but no reorganization plan had teen form ulated to Aug., 1902.
Y. 75, p. 394, 794. There are $63‘',000 second m ortgage incomes
outstanding. Year ending June 30, 1902, gross, $193,232. Coupons
o f May, 1899, and since in default.— (V. 71, p. 646; V. 75, p. 394, 794.)
N e w Y o r k & P e n n s y l v a n i a R R , - S h i n g l e House, Pa,, to Caniateo, N. Y., 52 miles. Sold in foreclosu re ou M ay 24,1902, to F. A .
& H ow ard Cobb. Y 74, p. 1 139. For yea r ,1901-02, gross, $96,679;
net, $2,054; charges, $18,349; balance, def., $16,295.—(Y .74, p. 1139.)
N e w Y o r k P e n n s y l v a n i a & O h i o K i t . —See E r i e RR.
N e w Y o r k P h i l a d e l p h i a 6c N o r f o l k R R . —D elm ar, Del., to
Cape Charles, Va., 95 m., and K in g’s Creek, Md,, to Crisfield, 17 miles.
Reorganized In 1898-99 w ithou t foreclosure, per plan In V. 66, p. 760.
Securities .—Stock, $2,000,000; issued, $1,714,375; par, $50; rep re
sented b y n egotiable trust certificates issued by F id e lity Insurance
Trust < Safe D eposit Co. o f Phila. O f the $3,000,000 1st 4s, $400,fe
OOO are reserved fo r im provem ents.—V. 68, p. 773, 978. A s to in
comes, see V. 68, p. 978. in terest on incomes, 2 n. c., semi-annually
paid N o v. 1, 1899, to M ay, 1902, both inclusive. F irst div. on stock,
2 p. c., paid Jan. 3, 1901 ; June, 2 p. e.; Dec., 2 p. c.; 1902, June, 2hi%E a r n in g s .—Y ear ending June 30, 1901, gross, $1,251,773; n et,
$436,14 6; other income, $3,120; charges, $270,895; div. (4 p. c,), $68,575; bah, sur., $99,796. 'V . 72, p. 45; V. 74, p. 380; 988.)
N e w Y o r k 6c P u t n a m R R . —Owns 155th Street and 8th A ve.,
S, Y. City (terminus Manhattan Elevated), to Brew sters,N. Y., 54 miles;
double-track branch to Yonkers, 3 in.; operates 4 m.; total, 61 miles.
H is t o r y .—Successor to the N. Y. & N orthern, sold under foreclosure
of 2d rnort. Dee. 28, 1893, and purchased for N. Y. Central A Hudson
R iver R R ., which operates It under lease—see V. 63, p. 754, 820, 1159.
Decision, V. 74, p. 380. Capital stock Is $0,500,000; par, $100.
Bonds .—T he N ew York Central guarantees the new consolidated
men. bonds, o f which $1,000,000 were reserved for improvements; also
$1,200,000 to retire at m aturity the first 5s.—(V. 74, p, 380.)
N e w Y o r k 6c R o c k a w a y R e a c h R y . —(See Map hong Inland JIB.)
—
Owns from Glendale Junction to Rockaw ay Park, with branch, ) 2
miles, of which 10'31 miles double track, m ostly 80-lb. hi,e e l; leases,
TOO miles; total, 13'90 miles; trackage to Dong island City, Brook
lyn, Ear Rockaway, etc., 18 miles. Stock, $1,000,000; par, $100. Con
trolled by J-ong island Railroad Company, whose endorsement is
printed on first m ortgage bonds, of which In July, 1901, $101,000
owned by D, i. RR. and deposited under Its unified m ortgage, together
with $871,000 o f the incomes. For year ending June 30, 1901, gross,
$356,411; net, $1 43,050; interest, taxes, etc., $7 1,501; bn Ia nee, sur
plus, $71,549, appropriated for im provem ents.—(V. 00, j>. 1040.)
N e w Y o r k S i j (ie I t n i)n :i 6c W e s t e r n R R . —(Her, Eric, Map.)
Owned ( Infee) or entire Htl;. Mitre. Bust). Connecting R R . ......... 10
Jersey City to G ravel Ph, Pa .101 Other branches.................... 24
[Double track 19 miles.]
h i nee leased, etc.
M itre,
Two Bridges, N.J., to Tlnionvllle 21 I Middletown Un. A W ater Oaplf 14
Wilkesbarre A Eastern....... .
05 |T rack a ge.................... ..............
3
Total road operated (Usee this co.) June 30,1901
238
5 g. J. A D.
6 g. M. A S.
do
do
do
do
June 1, 1942
Mch. 1, 1907
J. A D
do
6
do
Deo. 1, 1910
J. A D.
do
5
do
Deo. 1, 1916
do
Mob. 1, 1912
M. A S.
do
6
M. A N.
do
do
6
N ov. 1, 1933
4 g. A. A O. N.Y..8.Pac. Co.; London. Apr. 1, 1912
H isto ry .—Consolidation in June, 1881, o f the Midland o f N e w J. In
1898 n early all o f the capital stock was exchanged fo r stock o f
the E rie R R ., w hich operates the line as an independent outlet to N e w
York. See V. 66, p. 53, 83 and 759.
St o c k .—P ref., $13,000,000; com., $13,000,000, o f which the E rie
owned June 30,1902, $12,378,900 common and $12,892,400 preferred,
o f which $6,630,000 common and $6,630,000 p referred are deposited
under its Pen n sylvan ia collateral trust m ortgage.
Dividends .— ) N ov., 1891, to 1893.
N on e
On pref., p. ot. 5
2ia y early.
since.
B onds .— General m ortgage 5s, bonds are reserved to retire the
second m ortgage 4^8. See m ortgage abstract, V. 52, p. 84. The
teconds are exchangeable fo r generals on paym ent o f an assessment.
A s to term in a l bonds listed in Sept., 1893, see Su p p l e m e n t o f Jan.,
1898, and abstract o f mort. V. 57, p. 512. The Wilkesbarre dl Eastern
1st 58 are unconditionally guaranteed. V. 60, p. 481.
Susquehanna Connecting 6s are called, $25,000 each M&S.
The N ew Jersey Midland ju nior securities are exchangeable into
stock on certain terms, and h ave m ostly been so exchanged.
Earnings .—2 mos.,
>1901-2...........Gross, $263,715; net, $ 76,935
July 1 to Aug. 31.
s 1900-1............ Gross 507,464; net, 242,392
R eport .—R ep ort fo r 1900-01 in V. 73, p. 441, showed on 238 miles.
Tear.
Gross.
Net.
Oth. In c . Charges. B al. Sur.
1901-02......... $2,583,928 $1,113,345 $32,622 $924,608
$2. 1,359
1900-01............ 2,504,887
1,047,249
29,570
930,238
146,581
-< V . 71, p. 1013; V . 72, p. 936; V . 73, p. 4 4 1 ; V . 75, p. 849.)
N e w Y o r k T e x a s & M e x i c a n R y . —(See M ap o f Southern
P a cific.)—Owns from Rosenberg to V ictoria, Texas, 91 miles; branch
from W harton, T ex., to Y a n Vleck, 31 miles, opened Sept. 29,1900,
and in Ju lv, 1902, w as being extended from V an V leck southeast
erly 20 miles. Stock. $630,040, o f which Southern Pacific Company
owns $615,000. There are also $53,000 old sixes outstanding, and 30year M atagorda d ivision bonds issued at $15,000 per m ile, due Jan. 1,
1931, int. J.AJ., on the branch from W harton to Van Vleck, 31 miles.
Operated by South, Pae. Co., which guarantees the 4s.
Earnings .—11 months, > 1901-2....... Gross, $343,838; net, $129,827
Ju ly 1 to M ay 31.
5 1900-1.......Gross, 269,857; net,
81,491
In y e a r ending June 30,1901, gross, $288,623; net, $82,320; bal., def.
under charges, $70,384. Due So. Pacific Co. June 30.1901, $681,416.
N o r f o l k 6c S o u t h e r n R R . —Owns N orfolk , Va., to Edenton, N. C.,
74 miles; (ferry across A lbem arle Sound to M ackey’ s F erry, 9 m ile s ;)
thence road to B elle H aven , 30 m iles; N orfolk to V irg in ia Beach, 18
ra.; K em p sville to Munden’s Point, 22 m.; to ta l main line, 144 miles.
In Aug., 1902, extension was under construction from V irg in ia Beach
to Cape H enry, 7 miles.
On N o ''. 1, 1899, the N o rfo lk V irg in ia Beach & Southern R R ., 40
miles, included above, was purchased. V. 70, p. 76, 381, 532, 1195.
D iv id e n d s .—July, 1892, to Oct., 1902, inch, at 4 p. o. per annum,
and in July, 1901,1 p. c. ex tra was also paid.—(V. 74, p. 206.)
R e p o r t .—
Gross.
Net.
Other In c. Charges. Sur. fo r div.
1901-2 (p ’t. est.)$825,239
$147,148
$3,042
$68,464 $81,726
1900-1............... 697,100
163,787
14,506
68,240 110,053
1899-0.............. 629,488
200,412
9,517
09,650 140,279
D ividends paid in 1901-2 (4 per cent), $80,000; in 1900-1 (5 p. o.),
$100,000.—(V. 72, p. 1238; V. 74, p. 830; V. 75, p. 240.)
N o r f o l k 6c W e s t e r n K y . - S c c Map.—System extends from N o r
folk, Va., w estw ard to Columbus, Ohio, and northw ard to H agerstow n,
Md., with branches to the variou s coal fields In V irgin ia and W est Va.
MUcs.
Road owned.
Miles.
Roanoke to W inston............. 121
N orfolk, V irginia, to Colum
bus, O ..................................... 704 Sundry branches................... 142
Radford, V a .,to B ristol,Term . 111
T otal owned June 30,1002.1,681
Roanoke, Va., to H agerstow n .238
4
Graham to N o r to n .................. 100 Columbus Conn. A Term . UR.
Nor. Car. Juno, to Fries .
44
T o ta l................................... 1,685
Lynchburg to Durham,N. 0.. 115
Double! tra ck ........... .............. 105
Portsm outh Jet. to Cincin
nati and Iv o ryd a le ............. 106
O r g a n iz a t io n —T his Railway com pany in 1896 succeeded to the
property and franchise o f the N orfolk A Western HE., eto., foreclosed
per p la n , was in V. 02, p. 041. Th e old stock paid an assessment
o f $12 50 per share, common receivin g 75 p. e. and the old pref. 112>«
p. o. In new common. In i 900-01 the Penn. RR., together with con
trolled companies, acquired control through purchase o f o v e r $32,000,000 of the stock. See V. 74, p. (.03 ; ulsoV. 70, )>. 0H7, 1 i 50, i 195 ; V.
71. n 8 0 9 ; V .72, p. 1.84,480; V . 73, p.957. Tltepin olnm itl Portsmouth
A Virginia, Sclotovillft to Cincinnati, 130 miles (Including I m, track
age) was merged July 1, 1901. V. 72. p. 137, 438. 532; V. 72, p . 503;
V 75, p. 501. O n .in ly 1, 1902, took pcsscA slen of I till dioro HR,, 20 ill.,
arid Dic er A Southern tty,, 5 m ile1, both purchased. V. 75, p, 30,
1
Branches building June 80, 1902, 1 i 5 m iles; sec V. 75, p. 503.
St o c k . - Provision s o f preferred stock certificates w ere given In Hut*rLKMKNT or A pril, 1H97, page 4, said stork being 4 p. o. nou-oumiilatlvo.
With preference as to assets and dividends.
D iv id e n d s , p. o ;
1897. 1898.
1899.
1900.
1901.
1902.
P r e fe r re d ,..
/ 1%
Z%
4%
4%
4%
4
Common . . . . . )
..
*.
........
2%
June, 1%
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N D CONNECTIONS.
INYESTOES’ SUPPLEMENT.
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IT T S B U R G
PA.
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104
o!
RAILROAD STOCKS MSP DOADS
O c t o b e r , 1902.]
105
Ronds—P rin c i
IN T E R E S T O R D IV ID E N D S .
M iles D a te Size, or
pal, When Due*
A m ou n t
of
of
Par
R a te per W hen W h ere Pa ya b le, and b y Stocks—Last
F o r explan ation o f colum n headings, Ao., see notes
O utstanding
Road. Bonds Value.
Cent.
P a ya b le
W hom.
on first page o f tables.
D ividend.
R A IL R O A D S
N o r f o l k & W e s te rn R y . —( Concluded—
428 1881 $1,000
N. A W .G e n . (n ow 1st) M .N o r f.to B ris .,6 to .g .F P o *
165 1882
1,000
N e w R iv e r division 1st m ortgage, g o l d . F P . c *
1,000
Im p ro vem en t A E x ten sion M ort., go ld F P . 0 * 588 1883
129 1889
1,000
Scioto V a lle y A N e w E n g .,lstM ..a 8 8 u m .,g .C e.o *
N . A W. 1st consol. M ., $62,500,000, g. I?Ie -. .o*<fcr 1,579 1896 500 Ao.
1901
....
1,000
P o o a lijt. M.,$20,000,000, K-> ca ll 105,s . f . G P . o 't t
4 1892
500
Col. Con. A Term . 1st M., g., gu. p. A i. (end.) A c *
1,000
. . . . 1893
Equip, tru st o f 1893, gold, n ot sub to c a ll. F P . c *
... .
1902
1,000
Equip, trusts, g., $500,uOO y ’rly , beg. 1 9 0 5 .F P .C *
223
....
100
N o rik C a ro lin a —Stock, 7 p e r oent re n ta l................
86
....
50
No. P e n n .—Stk., 8 p. c. gu.990yrs.,$6,000,000 auth.
56 1866 500 Ac.
0 )4 2d M., n ow 1st M.( 7s exten d ed in 1896) — c
86 1873
G eneral m ort. bonds (op tion , V. 73, p. 1 1 6 0 ).c<fcr
Consol, bonds seenrod b y $1,200,000 stock .____ r
1881
1898
F u n d in g loan bonds, $ 109,000..............
Real esta te m o rtgages Juno 30, 1 90 1 ... .............
26 1890
1,000
N o. East P e n n .—1st M., g., g u .P .A R . (end.) G u **c *
107 1896
1,000
N o rth ’n A l a — 1st M ($350,000 are p rio r lien ). K..C
83
100
....
N o rth e rn , (N . R . ) —Stock, 6 p. c. re n ta l.....................
....
....
N o rth e rn Central— (Stock $12,000,000 authorized)
50
1st m ort., State o f M a ryla n d loan—Y . 74, p. 1197 145 1855
145 1874-5 $ & &
Consol, gen. m ort. ( gold, s.f., d m . a t 100, A A B .c
145 1876-7 $1,000
o f 1874, gold, se-< gold, $, C A D . F P .............. c
145 1885
1,000
cures a ll equally, (g o ld , E ..................................c
145 76A82 1,000
2d gen. M „ series “ A ” & “ B ” (A $2,565,000) F P
....
....
100
N o rth ’n o f New Jersey—Stock, guar, (see Y .6 9 ,p .8 l)
21 1887 100 Ac.
3d m o rtgage, n ow 1st, in te rest g u a r ................... c
1900
Gen. M ., $1,000,000, g., in t. gu. b y lease. U s m .c "
1,000
B onds.—T h e lirs t consolidated m o rtg a g e of 1896 is lim ite d to $62,500,000, o f w hich an am ount equ al to the u n d erly in g bonds can bo
Issued o n ly on the re tirem e n t of the same. On June 30, 1902, the
b a la n ce unissued ($29,281,500) w as reserved as fo llow s: T o re tir e
$19,889,000 <u tstan din g prior lie n bonds, $22,098,889; fo r n ew con
stru ction, acquisitions and im p rovem en ts, n o t ex ceed in g $1,000,000
y e a rly , $3,690,611; and $3,500,000 a d d itio n a l fo r sim ilar purposes.
T h e rig h t to issue p r io r lie n bonds has been annulled. Y . 73, p. 502;
V . 74, p. 151; V . 75, p, 505.
T h e 4 p e r cent firs t consols are a firs t m o rtg a g e on a la rg e
p a rt o f the system, v iz ., about 846 m iles o f ra ilr o a d ; upon im
p o rta n t term inals at N o rfo lk and L am berts P o in t ; upon th e O hio
R iv e r B rid g e and the R oanoke M ach ine W o rk s; besides bein g a
con solid a ted m o rtg a g e upon the rem aind er o f the system , sub
je c t to the undisturbed liens. T h ey are fu rth er secured b y the
equipm ent, certified to h a ve cost o v e i $11,000,000, co vered b y the car
trusts and equ ipm ent bonds be ta k en up under the plan. See a b
s t r a c t In V . 64, p. 3 7 6 . V . 72, p. 137.438,532,723,1080; Y . 75. p. 505.
T h e N. & W .-Pocahontas jo in t bonds are secured b y about 295,000
acres o f coa l lands ow n ed and held b y th e Pocahon tas C oal A C o k e Co.,
w hose stock is owned, o f w hich about 50,000 acres h a ve been leased to
com pan ies w hose stock is a ll ow n ed by th e U n ited States S teel C orp or
a tio n and 39,797 to oth er concerns, the ro y a lties under such leases
alon e b ein g sh ortly ex p ected to be sufficient to alm ost m eet th e fixed
charges. T h e y are subject to c a ll at 105, begin n in g 1906, fo r a sinking
fund^of 2 ^ cents per to n mined. Y. 73, p. 845, 902; Y . 74, p. 41, 380,
1197; Y . 75, p. 502. T h e N o r t & W est, is o n ly responsible fo r any de
ficien cy w h ich m a y be in cu rre t b y the coal co.
T h e equ ipm ent trusts o f 1902 ($3,500,000) w e re issued on n ew
eq u ip m en t costing $5,000,000. Y . 74, p. 681; V. 75, p. 502.
F o r description o f fu n ded deb t, see Y . 75, p. 504.
G e n e r a l F i n a n c e s .— T h e reorga n iza tion reduced the fix e d ch arge*
fro m $3,214,037 to $2,218,450, a redu ction o f $995,587, m a k in g the
annual charges ahead o f the n ew com m on stock sm aller than those
ahead o f the o ld p referred stock. O f the tra ffic in 1901-1902 58 p er
cen t (7,056.721 tons) w as bitum inous coa l and coke.
A s to Pocahon tas bonds o f 1901, see above. D ivid en d s on the co m
m on stock w ere begun in June, 1901. Y . 72, p. 873.
E arnings —F o r 2 months en d in g A u g. 31:
Oross.
N et.
In t ., taxes, &c. B a l., sur.
1902...................... $3,276,240 $1,347,038
$421,093
$925,945
1901......................
2,775,118
1,167,594
384,323
783,271
A n n u a l R e p o r t .—F isca l y e a r ends June 30. A n n u al m eetin g is
held at R oanoke, V a., on second Th u rsday in October. A v e r a g e rate
per ton m ile 0*463 cent in 1901-1902, again st 0*466 in 1900-01; a vera g e
load o f reven u e freigh t, 476 tons, again st 452. R ep o rt fo r 1901-1902,
Y . 75, p. 494, 501 (see e d ito ria l p. 474) showed:
1902.
1901.
1900.
1899.
Years end. Ju n e 30—
$
$
$
$
Passenger earnings.......... 2,379,476 2,046,455 1,857,305 1,608,414
F reig h t ea rn in gs.............. 14,594,281 13,214,164 11,753,062 9,749,094
M ail, express, A c ............
578,449
524,824
480,638
469,630
T o ta l gross ea rn in gs..17,552,206 15,785,442 14,091,005 11,827,138
O p era tin g exp. A ta x es ..10,136,227 9,445,459 8,501,096 7,939,102
P. c. o f exp . to ea rn s
(5/*75)
(59 84)
(60*33)
(67*12)
T o ta l net earn in g*. . . “ 7 ,4 15,979 6,339,983 5,5s9,909 3,888,036
T o ta l n et in com e..... 7,490,873 6,408,600 5,663,471 3.911,400
In terest on funded d e b t. 2,352,402 2,238,480 2,257,239 2,219,477
In terest on ca r tru s ts ....
5,375
11,238
16,400
22,137
D ef. in t.Poc.C .& C. bonds
161,230
...........
............
...........
D ividends on p r e f...... . (4)910,014(4% )909,924 (4)909,748 (4)909,588
D ividends on co m ....(2 % )l,2 8 9 ,3 8 4 (l% )6 4 4 ,6 9 2
...................... .........
M iscellaneou s..................
10,000
1,051
1,520
7,144
B etterm en t iu n d ............. 2,500,000 1,500,000 1,500,000
...........
Rood fond...............................
Discount, e tc ...................
80,392
250,000
31,185
—
470,266
.........
...........
Balance....................sr.182,076 sr.$822,030 sr.$507,938 sr.752,654
Officers .—President, F. J. K im ball; Chairman of the Board of Di
rectors, Henry Fink,27 W illiam Ht.# N. Y.; 8eo., A. J. Hemphill. Gen
eral office. Arcade Bldg., Market A 15th streets, Philadelphia, Pa.
Director*,—
Frederick < ■ KuntmlJ, H enry Kink and Victor M "r»w oi/. N ow
1
Y ork; 8. M. Prevost, harmiel flea . N. Parker HhortrldKO, VV. If. Barnes, Joseph
I. Doran and John 1'. ureen, Philadelphia; James MoCreu, Pittsburg; W alter
H . Taylor, Norfolk. Va.
—(V. 74, p. 630, 937, 1140, 1197; V. 75, p. 3 0 ,2 8 7 ,4 4 2 ,4 9 4 , 5 0 1 ,
550, 849,1
N o r r U i o w n Ac Ifla ln L i n e A: C o n n e c t i n g l i l t . —To construct
a line from Norristown to a connection with the main line of the Phil
adelphia a Reading (by which it 1* controlled) at a point a bo ■e Bi idgeport, Pa.
An Issue of $250,000 m ortgage bonds was arranged
lor in 1902. V. 75, p. 185.
N o r t h C a r o l i n a l i l t . —O w ns from Gold boro to Charlotte, No.
OaroUna, 221*65 miles; Carolelgh Jot., N. O., to Carolelgh Mills, 1*90
w.; total,223*55 m. Leased from Jan. J, 1896, to thcHomhcrn Ky. (Jo.
for 99 years at $266,000 (68l p. o. on stock) per year till Dec. 31, 1901,
and $286,000 (equal to 7 p. o. on stock) balance of lease; also taxes.
V. 63, p. 361, Of the stock the State of North Carolina holds $3,000,000.
— (V . 65, p 27; V.66, p. 665).
N o r t h P e n n « y l v a n l n ItIC .—Owns rrom Philadelphia. Pa., to
Bethlehem, Pa., 56 miles; branches to D elaw are River, Ao., 31 mlies;
$7,283,000
6 g.
2,000,000
6 g.
5,000,000
6 g.
5,000,000
4 g.
33,210,500
4 g20,000,000
4 g.
600,000
5 g.
38,000
5 g.
3,500,000
4 g.
4,000,000
7
4,721,250
8
4
1,500,000
4,500,000
7
1,200,000
6
302*000
4
118,608
400,000
5 g.
1,650,000 See tex t.
3,068,400 See tex t.
11,462,300 8 in 1902
1,500,000
6
394,000
6 g.
2,000,000
6 g.
1,757,000
4 ^flg.
5
3,565,000
4
1,000,000
654,000
6
154,000
4^g.
M. A N.
A . A O.
F. A A .
M. A N.
A . A O.
J. A D.
J. A J.
Q .- J .
M. A 8.
F. A A.
Q.—F.
M. A N.
J. A J.
M. A S.
M. A N.
N. Y ., M ercant. T r. Co.
do
do
See te x t.
N .Y ., M erca n tile T r. Co.
do
do
do
do
N. Y ., A tla n tic T ru s t Co.
N .Y . M erca n tile Tr. Co,
Ph ila., F id e lity T r. Co.
B u rlington , N . C.
Phila. O f., 240 So. 3d St.
do
do
do
do
do
do
do
do
M a y 1, 1931
A p r. 1, 1932
Feb. 1, 1934
N o v. 1, 1989
Oct. 1, 1996
D ec, 1, 1941
Jan. 1, 1922
Q’ly to Jan.’03
Sept. 1, ’ 05-11
A u g. 1, ’ 02,
A u g.2 5 ,’02,2%
M a y 1, 1936
Jan. 1, 1903
Sept. 1, 1905
N o v. 1, 1928
A . A O.
J. A J.
Q .- J .
J. A J.
Q .- J .
J. A J.
J. A J.
A . A O.
J. A J.
Q .- M .
J. A J.
J. A J.
P h ila ., P h ila . A R ea d ’ g.
N .Y ., J. P. M o rg a n A Co.
Boston, 19 M ilk « t .
B a ltim ore, Treas. Office
A nnapolis.
L on don and B altim ore.
B altim ore, Treas. Office.
do
do
B altim ore,Treas. Office.
N. Y ., 21 C o rtla n d t St.
do
do
do
do
A p r. 1, 1920
J u ly 1, 1928
Oct. 1, ’02, U s
Ju ly 15/02,4%
Irredeem able.
J u ly 1, 1904
J u ly 1, 1904
A pr. 1, 1925
Jan. 1, 1926
Sept.,1902,1%
J u ly 1, 191Y
Jan. 1, 2000
second track, 5 4 ^ m iles; to ta l track, 220 m iles.
G round rents
Ju ly 1, 1901, $47,854. Leased fo r 990 years from M a y 1,1 8 7 9 , to
Ph ila. A R ea d in g R R . a t 8 p e r cen t on stock, and lease assumed in
1896 b y P b ila . A R ea d in g R a ilw a y . T h e $4,500,000 gen era l 7s, due
Jan. 1, 1903. w ill be refu n d ed a t m a tu rity b y an equ al am ou nt o f 50y e a r 33|0 p e r cen t go ld bonds.—V . 73, p. 1160. Current lia b ilities J a n e
30, 1901, $217,024.— (V . 62, p. 462, 870; Y . 73, p. 1160.)
N o r t h - E a s t P e n n s y l v a n i a R R . —Ow ns roa d fro m G lenside to
N ew H o p e, P a ., 26 m iles. C on trolled b y P. A R. C apital stock, $400,000, o f w hich $318,950 ow n ed by R ea d in g Co., $315,000 bein g d e
posited under its gen. M. o f ’97; par, $50.
N o r t h e r n A l a b a m a R y . - Sheffield to P a rrish , A la ., and branches,
119 m iles. I n A p r il, 1899, a m a jo rity o f
stock and bonds pur
chased b y the Southern R y. V . 68, p. 824,873. See also V . 69, p. 391.
Stock is $2,000,000. U nder su pplem en tal m o rtg a g e o f 1898 $400,000 o f the outstan ding $1,700,000 1st 5s w e re m ade p rio r liens. R e
m a in in g $1,300,000 g en era l lie n bonds b ea r in te re s t fo r tw o yea rs
fr o m J u ly 1,1 898, at 2 p er cent, then 3 p e r cen t fo r tw o years; th e re
a fte r 5 p er cent. Y . 67, p. 1208. In y e a r en d in g June 30, 1901,
gross, $3 78,561; net, $54,898. I n 1899-0 net, $27,585.— (V . 69, p. 28.
N o r t h e r n ( N e w H a m p s h i r e ) R R . —Owns Concord, N . H ., te
W h ite R iv e r J o t , Vt., 70 m ile s ; branch to B ristol, N. H ., 13 m ; to ta l,
83 miles. Subsidiary lines, C oncord A C larem on t R R ., 71 m iles; Pe
terb orou gh A H illsb orou gh R R ., 19 m iles. L ea se to Boston A L o w e ll
to r 99 years fro m Jan. 1 ,1 890, w as assigned to Boston A M aine; ren ta l
w as 5 p er cen t on stock t ill J u ly 1 ,1 897, and n ow 6 per cent, p a y
able in gold. U n til Ju ly, 1897, 1 p. o. e x tra w as paid re g u la rly fro m
con tin gen t fund. A lso in 1894, Jan., 5 p. c. e x t r a w as paid; m ,1896,
J u ly, 2 p. o. ex tra ; in 1897 5 p. e. e x tr a .—(Y . 65, p. 463).
N o r t h e r n C a l i f o r n i a R y See Southern P a c ific R R .
N o r t h e r n C e n t r a l R y . —Owns B a ltim o re, Md., to Sunbury, P a
137 m iles, o f w h ich 132 m iles double tra ck —branch, 9 m ile s ; leases—
Sham okin V a lley A P o tts v ille R R ., 38 m iles; E lm ira A W illia m sp o rt
R R .,76 m .; operates at cost—E lm ira A L a k e O ntario R R ., 100 m iles;
L yk en s V a lle y R R ., 19 m ile s ; to ta l, 381 mile?. A lso uses N . Y . L. E A
W . tracks, 7 in., and Ph ila. A E rie, Sunbury to W illia m sp ort, 40 m iles.
Org an izatio n .—A consolidation o f sev era l roads in 1854 Con
tro lle d b y the P en n sylva n ia R R ., w hich ow n s a m a jo rity o f the stock.
Se c u r it ie s O w n e d — On Jan. 1, 1902, am ong th e assets held w ere
B alt. A P o tom a c stock (par) o f $704,450; E lm ira A L a k e O n tario stock
(a ll), $1,500,000; Sham okin V a lle y A P o tts v ille stock, $619,650; U nion
R R . stock, $1,225,000 (the balance o f $875,000 bein g held b y P h ila W ilm . A B a lto .), etc. A lso the fo lio w ing, m o stly acqu ired in 1900; Ches.
A Ohio stock $1,500,000; B alt. So Ohio p ref. stock, $1,000,000, and
comm on, $370,400; N o rf. A W est. p ref. stock, $500,000, and com m on,
$1,000,000; E r ie & W est. Tran sp o rta tion Co. stock, $500,000.
8to c k ,E tc .—A u th o rized issue w as in creased in Feb., 1900, fro m $8,000,000 to $12,000,000. O f the stock, the Penn. R R . on Jan. 1, 1902,
ow n ed $6,267,950.
L i a b i l i t i e s .—M ort. and ground rents on Jan. 1,1902, w ere $112,386.
D iv id e n d s .— > 1888. ’ 89. ’90. ’ 91. ’92. ’ 93. ’94 to 1900. ’ 01. 1902.
P e r c e n t...*
7
8
7
7
8
8
7 y e a rly
8
8
E arnings .—8 mos., J 1902.......... Gross, $5,402,845; net, $1,499,592
Jan. 1 to A u g . 31. 1 1901...........Gross, 5,300,345; net, 1,440,692
A nnual R eport .—Fiscal y e a r ends Dec. 31. P resid en t’s re p o rt fo r
1901, given a t len gth in V. 74, p. 473 ,483, show ed the fo llo w in g :
Y ear end. Dec. 31— 1901.
1900.
1899.
1898.
Gross earn in gs........... $8,266,958 $7,845,412 $7,233,417 $6,664,028
N et e a rn in g s ............... 2,511,969
2,347,874 1,950,523
1,852,786
O ther receip ts........... .
594,306
632.104
533,109
504,154
T o ta l net in com e_____ $3,106,275 $2,980,069 $2,483,631 $2,356,940
Rentals, A c ...................
464,912
535,619
480,844
480,078
In terest on d e b t...........
530,187
651,116
775,420
796,574
D ividends.......................(7 )9 1 6 ,9 8 0 (7 )6 8 4 ,0 3 3 (7)526,267 (7)526,267
M iscellaneous...............
93,157
*495,775
153,291
150,704
E x tra o rd in a ry ........... 1,101,039
613,525
300.000
200.000
Balance, su rplus........................ r
............ .
$247,810
$203,317
* Includes $397,926 “ e x tra o rd in a ry expen ditu res n ot p ro p e rly
ch argeable to ca p ita l account.”
- ( V . 74, p. 428, 1 7 3 , 4 8 3 , 776, 1090, 1140, 1197.)
N o r t h e r n IC R . o f N e w .Varney.—Owns from Bergen, N. J., to
Bparklll, N. V. 21 m iles; leases ftparklll to Nyaok, 5 miles. Leased
to the E rie Hit. from June 1, 1899, fo r the term o f Its co rp o ra te e x is t
ence, fo r in terest on bonds, 4 per oent on $1,000.000 stock, payable
qu arterly, taxes, and all corporate expenses. O f the $ 1,000,000 uew
4 lu per em it general m ortgage bonds, gu aran teed by the Erie, $654,000 are reserved to retire the 6s due Ju ly 1, 1917, and the rem ain d er
fo r Im provem ents and hetterinontH or oqul pm eiit fo r operation by ele c
tricity o l the leased properties. Hoe V. do, p. 81. (V. 71, p* 30.)
N o r t h . I t y . O o n lu R i c a . —Bee V.71, p. 1067, and United F ru it Oo,;
V. 75, p. 849.
N o r t h e r n O h i o H a l l w a y . —•( See M ap hake E r ic
Western. ) —
Owns road from A kron to D efphos, O., 163 miles; branches, 2 m iles j
Road 1* Loaaed la p erp etu ity to L« Eh a w . v . 62, p« 826*
STOCK.—Common stock (a ll ow ned by L. E. A W . ) $3,580,000; proI fe rre d non-cum ulative 5 p. o. stock, $650,000; par o f each $100.
M A P OP THE
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^
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^ IroSTmveS
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V-----RHODES,
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o^ X pac. Napihfa
ORRIS
M aT“ PAC.
v\^_*\St/Jean
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Idvvesmont
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Wayne
October.
Crailc
Crowfoot
Arrowhead
Ashcroft
g a s k a t c T i,
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R iv e r
REGINA
Swift Current
1902.]
Bant
Pasqua
[__ V Z y t ton
N a n to n
'kanogan R
Ldg.
Okanogan
^
J
Colley
Kaslo V
.
Lower Arrow
Lake £
Kontena
Lake
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r
otenai
McLeod
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V S is o n ? ^
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Trail J .A
Rossland c^rA
.SUM AS
L'taicojwt
ColviUe\^c,
Beltoi
G lasgow
Che-We-lab'
k ,Townsend,1
*1
C O U LE E
C IT Y ^ f
Missouri
Big Sandy
ummit
atertlBi
RAILROAD STOCKS AND BONDS.
.Marcu:
C o lit is
j J M Za/ce
C ollin s
Choteau*
? lis s o u r i
3
Steel
Great Falls
R,AN
J E CITY
SOUTH
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Monarch
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Springs
V
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Pierce Cil
^PLEASANT V W
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DAYTON
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F la t w illo w
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M o o r c r o ft l
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Qrdaho City
Rocky Bar
<>B O IS E
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V ^ v .O v r y E e e
H ouston
Ketchum
°
Hailey
Market. Lake \
Idaho Falls.
Blackfoo
Summero'
Gillette
Clayton o o Crystal
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^Malheur
Lake
B u ffa lo o
Yellowstone
\Lake
J
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vr'r ^
V ^ X X l^ e d b u r y
Under Construction
M AP OP THE
NORTHERN PACIFIC RAILWAY
(WESTERN SECTION)
SHORT
E N T I R E S Y S T E M 5,078
M
iles
107
S ilv e r C ity
M cC am m oj
A
<W
“ ~^Wd7hmofh Hot'Spra.
\VVashoe
jr: ( y Ala^ h
Lake-
Elisey.
JX^aijeys
HSphinx
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gj^CINNABA R
'VVarren
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H u n t in g t o n
s.LESi
JiPb^ory
rant, M e rritt^
Sumpter q
McEweir
Canyon
T ^ B Z r is fs b x
Salmon
INVESTORS’ SUPPLEMENT
108
Bonus—PriiioiIN T E R E S T O R D IV ID E N D S .
pal,W hen Due.
A m ou nt
Outstanding R a te per When W here P a ya b le, and by Stocks—Last
Cent.
P ayable
Whom.
D ividend.
RALLKO AD 8.
Miles D ate Size, or
of
of
Par
F o r explanation o f column headings, A c., see notes
Road. Bonds Value.
on first page o f tables.
$1,000
100
1,000
1,000
$2,500,000
5 g. A . A O. N. Y . f Chase N at. Bank. Oot. 1, 1945
155,000,000 See tex t.
N e w Y o rk and B erlin. N ov. 1/02,11*
M.32&N4
352,000
7
N e w York .
M a y 1, 190?
8,021,000
do
6 g.
Feb. 1, 1923
T
l
-O
*
1
N o.O h io— 1st M., g. ($15,000 p. m.) gu., p.<fc L C e .c * 167 1895
....
N o r t h e r n P a c if ic R y . -C om . stock, $155,000,000 . . . .
W estern RR. Minn. 1st M., gold, assumed........... 60*2 1877
St. Paul & N. P. Gen. M., I’d grant, ass’d.Ce.c*<fer 182 1883
N e w m ortgages o f N orth ern P a cific R y.—
P r io r lien M. $130,0< 0,000 gold, ld gr.M e.o*& r See t 1896
Gen. lien M. $190,000,000, g., land gr. F c*<fer S e c t 1896
St. P.-Dul. D iv pur m oney M., $20,000,000 G .e* 226 1900
1901
C.B.AQ co . tr.M . g (re 1 a ft Jan.’06 at 105)Ge<kr ... .
15 1877
1st M.Minn. A I)u l.,M inn.toW .B .Lake,g.ass’d F P *
B onds U nd erlying St P a u l & D uluth D iv . M o r t GAGE.
167 1881
St. Paul A Duluth st m ortgage, a s s u m e d ---- c*
167 1887
2d m ortgage, assumed . < v ............................... c*
21 1884
T a y lo r’s F. A L. Sup., 1st M., s. f. n ot dr’n .C e.c*
25 1886
Dulutb S. L. 1st M, p. A i., s. f. not dr’n .C e...o*
Consolidated mort., ass’ d, $5,000,000, g.JUp.c* 238 1898
*98-*99
C ar trusts, including interest, JuDe, 1901...........
North*n Poe Ter. Co.—1st M.. gold, red., a t llO .F .c *
1883
N orth ern R ailw ay ( c a l. )— See Southern P acific r r ‘
...
N o rth e rn St c u r i te —Stock $ 100,000,0 ‘ 0 .............
No. Shore RU.—N. Pac. Coast, gen. M. (now ls t),g .c 90-5 1892
1902
N e w N o Shore g , $6,000,000. g., s. f. beg.*] 2.c* ___
....
1893
Northw estern Coal R y — 1st M., guar, end., g F . c *
65 1900
Northw estern UR. o f So. O ar.—1st M., $375,000...
....
72
N orw ich & Worcester—P ref. stock, 8 p. o. re n ta l---1897
Bonds (n ot M .), int. gu. under lease, curr’ c y .. _c&r . . . .
[V o l . L X X V .
500 Ac. 98,868,500
500 Ao. 56,000.000
<.000
8,055,000
l,0 0 0 ^ c 215,151,4x0
1,000
280.000
1,000
1,000
1,000
1,000
1,000
1,000,000
2,000,000
210,000
500,000
1,000,000
232,733
3,717,000
1,000
g.
Q .- J . N. Y ., J .P .M orga n A B er t
Q .--F.
g.
do
do
t
N e w Y o rk .
g. J. A D.
do
g.
§
fc
do
7 g. M. < N.
4
3
4
4
5
5
6
5
4 g.
4*2 & 5
6 g
100 abt.350,000000 4 in
1,000
1,498,000
1,000
850,000
1.000
794.000
1,000
2 8 5 ,0 (0
100
3,000 000
1,000
1.200,000
1902
5 g.
5 g.
5 g
4
8
4
F.
A.
J.
M.
J.
Jan.
Jan.
Dec.
J u ly
Jan.
1,
1,
1,
1,
1,
1997
2047
1990
1921
1907
A
A
A
A
A
A. N .Y ., J. P. M organ A Co. A u g. 1, 1931
O.
do
do
Oct. 1, 1917
J.
do
do
Jan. 1, 1914
8.
do
do
Sept. 1, 1916
D.
do
do
June 1, 1968
T o 1909
J. A J. N .Y . W inslow ,Lan’rAC o. Ju ly 1. 1933
Q .- M .
J. A J.
M. A N.
M. & N.
A . A O.
Q .- J .
M. A S.
Checks m ailed.
San Fran., Co.’s Office.
N. Y . & San Francisco.
N .Y ., F a n il’s L. & T. Co.
B a l t , S. Dep. A Tr. Co
Mech. N a t Bk., Wore.
Boston, Co.’ s office.
N o v . 1 / 0 2 ,1 %
Jan. 1, 1912
M a y 1, 1942
M a y 1, 1923
1949
Oct. 1/02, 2%
Mch. 1, 1927
H Coupon bonds F. A A .; registered bonds Q.—F.
§ Coupon bonds J. A J.; registered bonds Q.-J.
f B e rlin at 4-20 m arks per dollar. J 5,130 m iles, in clu ding 40 m iles not operated; spurs, 261 m iles. * $702,000 addT in trea su ry J u n e 3 0 , 1902
B onds.—The firs t m o rtg a g e is fo r $4,000,000 o f w hich $1,500,000
o n ly to be issued at not to exceed $15,000 per m ile fo r com pleted road
h erea fter constructed or purchased. F o r year ending Dec. 31, 1900,
gross earnings w ere $196,765; net, $44,746; ta xes, $10,266; int. on
bonds, $125,000. V . 66, p. 337.
N o r t h e r n P a c i f i c R a i l w a y . —(See M aps.)—Operates one o f the
lea d in g lines to the Pacific, h avin g its eastern term in i at 8t. Paul.
M inn., and Duluth Wis. (the head o f L a k e n a viga tion ), and run
n in g thence w esterly, tra versin g the grea t w h eat belt o f M innesota
and N orth Dakota, the m ining d istrict o f M ontana and the farm in g
cou n try of W ashington to Tacom a and Seattle, and to Portland , Ore^
gon, w ith branches to W inn ipeg, etc. Th e system c o m p rises;
M a in line.
M iles.
Ashland, W is., to P ortlan d ,
Ore. (incl. 5 m. term inals) 2,171
B rainerd and Staples lo St.
P a u l................................... 181
O ther lin es.............................. 403
T o ta l main lin e ...................2,755
Various branches...................2,323
Leased to others.
M iles.
T o oth er com pan ies...............
9
T o P ro v in c e o f M a n ito b a___ 354
N o t o p e ra te d ..........................
30
T o ta l o w n e d ..................... 5,471
C ontrolled p roperties.
W ash. A Col. R iv e r ,.............. 163
M inn & In te rn a tio n a l.......... 115
T o ta l ow n ed (operated
I T o ta l system J u ly 1,1902....5,749
d ir e c t ly )...................... 5,078 I Second tr a c k ..........................
61
T h e M an itob a branches, a g g re g a tin g 354 miles, w e re leased fo r 999
years from M a y 31,1901 to the P r o v in c ia l G o vern m en t and sub le t by
th e la tte r to tbe Canadian N orth ern R y. at a ren tal o f $ 10,000
annually fo r the first 10 >ears, then $225,< 00 lo r l o years, then $275,000 fo r 10 years and thereat *er $300,000, w ith the option o f pur
chase a t any tim e fo r $7,000,000 —V . 73. p. 610. In Jan., 1902, pur
chased branch fr m M inneapolis to W hite B e a r Lake, M inn , 15 m iles,
fo rm erly leaded, assuming $2*0,000 bonds V. 74, p. 94.
In 1898 leased W ashington C en tral, and purchased the en tire
ca p ita l stock and a ll o f the incom e bonds o f the W ashington A Colum
b ia R iv e r R y. See separate statem ents fo r these W ashington com pa
nies. On Ju ly 1, 1900, the St. Kaul & Duluth R R ., St. Paul to Duluth,
etc., 238 m iles, was m erged, its bonded deb t being assumed. V . 70, p.
1250; V. 71, p. *48
On June 30, 19<>2,108 m iles o f branches and exten sion s w e re u nder
construction, to be com pleted duriDg the n e x t fiscal year; o f these the
W ashburn brunch. Iron R ive r, Wis., to W ashburn, 34 m iles, w as
opened in S e p t . 1902 In Oct., 1902, the B ellin gh a m B a y & < astern
R y ., W ickersi am, W ash., to Fait haven and W hatcom , 23 m iles, w as
purchased. V. 75, p 849
H i s t o r y . - This W isconsin com pany on Sept. 1,1896, succeeded to the
railroads, land gran t and other p ro p e rty o f the N orth ern Pacific KR.,
foreclosed in July, 1896, and reorgan ized p er p l a n in V. 62, p. 550.
T h e origin al Northern Pacific Com pany was ch artered by Congress
J u ly 6,1 864; 450 m iles to Bism arck w ere fo reclosed in 1875.
Stock .—The p re f erred stock was called and paid o ff at p a r on Jan. 1,
1902, by fhe issue o f $75,0 0.000 comm on stock at par, the authorized
am ount o f the la tte r being iuc?eased from $80,000,000 to $155,000,000 V. 73, p. ’ 062, 160; V. 74. p. 41
In October, 1902, 99 per cent o f the ca p ita l stock had been acquired
b y the N u ith -rn Seeuritief* C
<> (w hich see b elo w ). V. 72, p. 1081; V.
73, p. 138,185, 1011,1062, 1161,1357; Y . 74, p. 681.
1900
1901
Dividends (p. c .)—
11898
1899
4
4
On comm on ......................> O
2
4(Q.-M .P
4
On preferred
........... )
5
4
In 1902, Feb., 1 p. c.; M ay, l^a p. c.; Aug., 18a p. c.; N o v., 1 ^
1902
5*2
........
p. o.
B onds.—A b * t r a c t » o f tbe new P rior L ien and G eneral L ien m o rt
gages o f 1896 w ere in V.63, p. 1012-1019, and the statem en t to N e w
Y o rk Stock Exchange, was in V 63, p. 1072, show ing:
P r i o r lien 4%s purchasable with land sales a t not e x
ceeding 110, but are not subject to ca ll, n ot o v e r
$500,000 cash ye a rly to be so applied. T o ta l issu e.......$130,000,000
Issu ed ........................................................................................
R eserved to retire St. Paul A N. P. and West. R R . bonds..
For.new construction, b etterm en ts,equ ipm en t,etc., under
ca refu lly guarded p r o v is io n s but n o tcx ceed in g $1,500,000 per annum, o rig in a lly $25,000,000—still h e ld ......
q& 86S, soo
>
8*373*ooo
20,476.000
O f the $100,0*0,000 gen era l lien bonds, $130,000,000 are reserved
to retire tbe prior lien bonds at m atu rity and $4, 1 00,000 fo r new con
struction, betDermenis, equipuieut, etc.
T h e St. Rant A- D uluth D iv is io n m o rtgage secures $20,000 000 pu r
chase m oney bonds on lh- form er St. P au l & Duluth, o f which $9,215,000 w ere Lsued to acquire the ro,td, $ ,283,000 are reserved to retire
ex istin g St. P & d bouds and ihe balance fo r im provem ents to the
p ro p e rty —V. 70, p. 1250; V. 71, p 1167. T h e lands included in the
gra n t of the m riuer St. Paul A Duluth are estim ated to be w orth
about $4,000,000. and w ere not cov« red by the old m ortgages. T h ey
are to be sold amt proceeds applied to purchase o f the bonds at not
o v e r 105 ami interest, or if not purchasable at th at price, then to b e t
term ents, im p rovem en ts or ad itious to the m ortgaged prem ises or
equipm ent therefor. To Ju ly, 1902, $1,429,000 had been thus pur
chased and canceled. Y . 71, p. 1167; V. 72, p. 339. „
L and Gran t .—Th e land gra n t w as 12,800 acres to the m ile in the
States o f M innesota and O regon and 25,600 acres p er m ile in the (then)
Interm ediate territories. The acres on Juue 30,1902, n ot y e t sold w ere:
M in n e so ta .....................
175,306 I W ash in gton .................. 3,655,751
L^orth D akota..............
40 941 I O regon ...........................
207,073
M ontana........................12,260.138 f
--------Idaho. ......................
1 , - 8 2 ,1 0 1 I
T o ta l w est o f Mo. R iv . 17,926,466
Land sales In y e a r 1901-02 aggregated 2,271,052 acres; n et am ount
received from sales and laud contracts, $2,385,889.
G eneral F inances .—Th e fix ed annual charges o f the p ro p e rty as
h< n constituted w ere reduced $4,770,206 b y reorgan ization o f 1896.
in 1901 7he N orth ern Pacific and G reat N orth ern acquired $107,577,200 o f the $111,200,000 stock o l the Chicago B u rlington A Quincy
R R . in exch an ge fo r th eir jo in t 20-year 4 per cen t gold bonds
secured by the deposit o f the stock in trust, on the basis o f $200 in
bonds fo r each $100 stock. See circu lar, Y . 72. p. 871, 1034, 1135;
application to list, Y . 73, p. 294; V. 73, p. 610.
On Jan. 1,1901, tbe vo tin g tru st w as dissolved. See re p o rt o f v o t
in g trustees, V . 71, p. 1013,1016. C apital expen ditu re, see V. 73, p.610.
A n n u al R eport .—R e p o rt for 1901-02 in V. 75, p. 731. See also
ed itoria l, p. 764.
Xrs. en ding J u n e 30. 1901-2.
1900-1.
1899-0.
1898-9.
A v e r , m iles op era t.
5,019
5,100
4,714
4,579
Passenger ea rn in gs.$30,2 27,013 $7,247,000 $6,219,996 $5,050,356
Freigh t e a rn in g s ....
9,177,509 23,481,713 22,140,180 19,485,960
M ail, express, A c ....
1,982,853 1,832,270
1,661,142 1,512,358
Gross ea rn in g s..$41,387,380 $32,560,984 $30,021,318
6,048,674
N et earn in gs............ $20,098,966 $15,920,840 $15,626,690 $13,699,222
T a x e s ....................... $1,149,890
$920,352
$850,590
$750,133
Rentals, e tc .............
120,742
134,690
112,852
61,520
A d d ’ns and im p ’ts ..
3,000,000
2,011,285
3,000,000
2,176,619
N e to p e ra t’gincom e.$15,828,333 $12,854,513 $11,663,247 $10,710,950
Miscellaneous incom e
n ot in cl.land sales.
843,765
743,787
685,521
1,001,607
B a l.fo r in te re s t...... $16,672,098 $13,598,300 $12,34 8,768 $11,712,557
In t e r e s t ................... $6,624,866 $6,395,6*1 $5,864,950 $6,079,273
D iv. on p r e f s to c k ..(2)1,500.000 (4)3,000,000 (4)3,000,000 (4)3,000,000
D iv. on com. s to c k ..(5)6,999,946 (4)3,200,000(3)2,400,000 (2)1,600,000
B a l.,s u r.fo ry e a r $1,547,286
$1,0« 2,619
$1,083,819
$1,033,284
Officers ( U ily 1, 1901).—P resid en t, Charles S. M ellen , St. Pau l,
M inn.; V ice-P resid en t, Dan. S. La m on t, N ew Y o rk ; Sec., G eorge H. E a rl,
N ew Y o rk ; Treas , C. A . Clark, St. P au l
N ew Y o rk office 49 W a ll 8t.
— (V. 74, p. 937,1140, 1252, 1^56; V. 75, p. 30, 290, 667, 7 3 1 , 733.)
N o r t l i e r u P a c i f i c T e r m i n a l C o m p a n y , o f O r e g o n . —Owns
term inals on the W illam ette R iver, Ore., at Portland, East Portland and
A lbin a, com prising lands 270 acres, trackage 32 miles, dock fron tage
7,904 feet. Station at P ortla n d , Ore., opened 1896. V. 69, p. 230,441.
L e a s e .—L eased fo r fifty years from Jan. 1,1883, jo in tly and severa lly
to N orthern Pacific, O regon R y. A N a viga tio n and Oregon A California,
with guaranteed rental to pay interest, sinking fund and taxes; leases
assumed in 1899 by n ew Nor. Pac. and Or. RR. A N a v. Y . 69, p. 230.
Sto c k .—Stock ($3,000,0001 ow ned by said three com panies (40 p.o.)
ov Oregon Ry. A Nav. Co., 40 per cent by No. Pacifio and 20 per cent by
Oregon A Cal. R R .), and held by Central Trust Co. o f N ew York, to be
delivered a fte r paym ents to the sink, fund, which is to oanoel the bonds.
Bonds.—Th e first m ortgage is fo r $5,000,000; In 1902 $4,097,000 had been issued, o f whioh $380,000 retired by sin k in g fund, draw
ings at 110 and interest. V. 74, p. 152; V. 75, p. 135, 849.
^ o r t l i e r n StfMii r i l l * * € 0 —In corporated on N ov. 13, 1901, per
plan fo r h arm onizin g the interests o f the N orth w estern loads. See V.
73, p. 1O i l , 1062 and 1357. O pposition to plan by W estern States, Y.
75, p 135
L ist o f suits V. 74. p. 937, 988.
Stock authorized. $400,000,000; par o f shares, $100. A b o u t 99 per
cen t o f tlm $ l5 5 ,0 0 o f000 sto«*h o f the N orth ern P a c ific and about 75
per cent o f the stock [$123 880,400] o f the G re a t Northern are owned
by the ecu riti s < om pauy, h a vin g been m ostly exchanged on tbe
basis o f $100 fo r $115 and $180, resp ectively, in N orthern Securities
Co stock : to re tire the en tire stocks o f t otb com panies w ou ld require
$403,250,000 o f Securities Co. stock.
Dividends . D ividends, 1 p. c., p a ’d Feb. 1 ,1 902; M a y 1 ,1 p.o.;
A u g , 1 p. c.; N ov., 1 p. c.
E arnings —Tbe following shows the earnings o f the th ree constitu
ent properties for tbe yea r ending J une 30, 1902 :
Or. North*n. North*n Pac. Chi. B < Q.
£
Total.
A ver.m iles oper’t ’ d 5,249-37
5,019*36
8,109*08
18,377*81
G ross earnings . . .$88,85-,513 $41,387,379 $53,795,245 $134,041,137
Oper. exp. & taxes 20,874/17 22,43*,303 35,682,875
78,*95,495
N et earnings. ...$17,984,196 $18,949,076 $18,1 2,369
M iscellan ’s incom e 2,031,750
841,765
340,804
$55,04.V 42
3,216,319
T o ta l d et in com e$20,015,946 $19,792,841 $ 1 8 / 5 3 / 7 3
F ix e d char. & r e n . *5.000,263 *6.745,607
8,370,064
$58,261,961
*20,145,928
B a la n c e ............. $15,015,683 $13,047,234 $ 10,083 ,lT o ~ $ 3 8 ,116,033
rest ($8,606,120) on Gt, N or.-N or. Pao. Joint bonds not_in0
October,
1902,J
KAILROAD STOCKS AND .BONDS
109
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,^When Du®Am ount
of
of
R ate per When Where Payable, and by Slocks—Lasts
Par
For explanation o f column headings, &c., see notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page o f tables.
Dividend.
R A IL R O A D S .
7is
Nor.<£ St.L.—1st M., $300,000,g. re d .l lO in lO y r s T a
10
Ogden M ine R R .- Stock (5 p.c.rent.Cen. o f N. J .)...
26
Ohio < Ky.—1st M., g., s. f., oall a t llO .C e ..........o*
£
80
Ohio dt L ittle Kanawha Ry.—1st M., $250,000, g .K
Ohio < Mississippi—See B a l t . & O h io So u t h w e s t .
£
169
Ohio Rivei— 1st m ortgage ($2,000,000), g o ld .F P .c *
209
Gen. M .($3,000,000), gold, 1st on 39 m ile s .F P .c *
33
Rav.Sp. & G len .lst M.,$400,000,g.,gu .,p .& i.F P o *
11
Huntington & B ig 8. Is tM . ($400,000), gold, gu.e*
13
R ip le y & H ill Cr. ls tM .g .,g u . p.& i.,end.FP.o*<fcr
Ohio < West V irg in ia —See H o c k in g V a l l e y R y .
6
Old Colony— Stock, 7 p. c., guaranteed b y ren ta l.e*
....
Bonds fo r Framingham & L o w e ll bonds............. c
...
Bonds not m ortgage.............................................. r
... .
Bonds, n ot m o rtgage................................ ........... r
... .
Bonds, n ot m ort. (authorized $3,000,000), g ...c *r
....
Bonds, not m ortgage ..................................... c&r
125
Boston Clin. F. & N. B. m o r t g a g e .N B .............. o
Bonds, not m o rtg a g e.... ............................... .. c&r . . . .
21
Omaha B ridge & Term inal Ry.—1st M. ($5,000,000)
667
Oregon dt Oal.—1st M., g., dr’n a t 100 gu. p .& i.U n .o*
O re g o n M R . & N a v ig a tio n — Common s to c k ......
....
Preferred stock, 4 per cent, n on -cu m u lative......
Consol. M. (now 1st) $24,500,000, g o ld .N ........ 0 * 1,063
O re g o n S h o rt L in e R R . —Common s to c k ...........
Or. 8h.L. 1st M., p. & i., gold—see V.63, p.602...c*
600
Utah & North’n 1st mort., $12,000 per m ile___ o*
477
Con. M., gu., $15,000 p. m., s. f. not dr’n.g. A B e *
477
_
1901 $500&o.
___
100
1896
1,000
1,000
1900
1886
1887
1890
1892
1888
1,000
1,000
1,000
1,000
1,000
100
1884
1,000
1884
1,000
1888
1,C00
1894 1,000&C
1895 1,000 fee
1880
1,000
1902
1893
1,000
1887
1,000
....
100
....
100
1896
1,000
100
1882
1,000
1878
1,000
1886
1,000
..
O f f i c e r s .— President, James J. H ill; Vice-President, John S. K en
nedy; Second Vice-President, G eorge F. Baker; Third Vice-President,
D. W illis James; Fourth Vice-President. W . P. Clough; Secretary and
Treasurer, E. T. Nichols; G eneral Counsel, W. P. Clough.
Directors.— D W illis Jam<-s, Samuel Th o rn e , James J . H ill, E . T , Nichols,
George F. Baker R -bert Bacon. George W . Perkins. Daniel S. l.am ont, E. H.
H arrim an. Jacoo H -enift James Stillman, W . P . Clough, George C, Clark,
John S. Kennedy and N Terhm -e.
—(V. 75, p. 135, 240, 290, 34 , 394, 442, 49S, 611,733. 849 )
N o r t l i S h o r e R R , ( N a r r o w G a u g e ) —Owns Han Francisco to
Cazadero. 87 miles; branches to San R afael and M ill V a lley, 4 miles;
leases to San Quentin, 3 miles; total operated, 94 miles, *includ ng
fe r ry to San Francisco. 6 miles. O f the road, Sausolito to M ill V a lley ,
F a irfa x andsan R a fa e l,25*2 m iles,w as b e in g e le c tiic a lly equipped and
standard-gauged Juue, 1902 V. 74, p. 1252. Successor M ay, 1902, o f
N orth Pacific Coast RR.. purchased b y syndicate composed o f R. R.
Colgate, R. M. Hotatm g, W illiam M. Pierson, C. A . G row , E. J. De
Sabla Jr. and John Mai tin. V. 74, p. 94,152,327.
Stock authorized, $6,000,000. O f the $6,000,000 5s o f 1902 (M ercan
tile Trust Co. o f San Francisco, trustee), the present issue is $3,500,000, o f which la tte r $ l,50o,0 0 w ere reserved to i etire the North Pa
cific Coast 5s at or before m atu rity, the balance being issuable as
required fo r extensions and im provem ents. V .7 4 p 1252.
L a t e s t E a r n in g s . 5 mos., > 1902
Gross, $282,384; net, $133,362
A p r. 1 to Aug. 31.
S1901....Gross, 251,103; net,
81,381
Surplus o ver 5 mos charges, $80,838 in 1902, agst. $38/ 04 in 1901.
F or y ear ending June 30,1901, gross, $457,720; net, $123, 37; in ter
est, $80,356; baL, sur. for year, $42,881. In 1899-0. gross, $423,I'M ;
net, $135,195. President, John M artin, San Francisco— (V. 74. p. 252.)
N o rth w estern C oal
—Allou ez Bay, W isconsin, to A llou ez
Junction, Wls., 2-53 miles, w ith coal w h arf coverin g about 80 acres of
land. V. 71, p. 698. Owned b\ the P ittsb u rg Coal Co., which guar
antees the bonds. See official statement, V. 71, p. 69 ■ Capital stock,
».
$1,000,000. For year ending Dec. 31, 1899, gross, $34,048; net, $10,058; miscel. receipts (rents and dock earnings), $43,982; int. and
taxes, $43,357; balance, surplus fo r year, $10,683.— (V. 71, p. 698.)
N o r t h w e s t . —See Chicago & N orth W estern.
N o r t h w e s t e r n K K . o f S o u t h C a r o l i n a . —W ilson M ill, S. C.,
via Sumter, to Camden, 61 miles, o f w hich Sum ter to Camden com
pleted 1900; branch, M illard to St. Paul, 4 m.: trackage, 4 m,; tota l
69 miles. Stock, $100,000. liv id e n d 6 per cent paid Dee., 1900
and 1901. Y ear ending June 30, 1902, gross, $82,453; net. $41,303;
other income, $536; taxes, $3,950; charges, $11,400; dividends, $6,000;
hah, sur., $z0,490.
N o r w i c h & W o r c e s t e r R R . —Owns from N orw ich, Conn., to
Worcester, Mass., 59 miles; branch, N orw ich to Groton, 13 miles;
total, 72 miles. A lso owns entire capital stock ($500,000) o f the N o r
wich < N ew York Transp. Co., operating b o a tlln e to N. Y . City. Leased
fe
to N ew England RR. for 99 years from Feb. 1, 1869, and accepted by
N. Y. N H. & H. RR. since July l, 1 8 9 8 ; rental is 8 p er cent on pre
ferred stock.—(V. 69, p. 1194; V. 70. p. 76, 125.)
N o r w o o d A S t. L a w re n ee R R . —N orw ood to R aym on dviile, N.
Y., 7ig miles; opened N ov., l 9 o l . Stock, $100,000; par of shares,
$100. Bonds are subject to call at 110 Apr. 1,1912. President, Cbas.
H. Remington, * a w r t o w a , N. Y.; See,, Francis M. Hugo; Treas., W ar
ren F . H ow e.— (V. 74, p. 1090 )
N y p a n o R R . —V. 63, p. sao; V 67, p. 223.
O a k la n d < E a s t Side R R . —V. 74, p. 577.
fc
O g d e n N lin e R R . —Owns N olan ’s P o in t (L a k e H opatcong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased fo r 999 years from
Jan. 1,1882, to Central RR. o f N. J. for 5 p. c. per annum on capital
stock and$500 yearly for organization expenses.
O g d e n s h n r g Ac L a k e C h a m p l a i n R y . —See Rutland RR.
O h io & K e n t u c k y R y . —Owns from L e x . At East. Ry. at Jack
son, Ky., to cannel coal fields in Morgan Co., K y., 26 m. Operated oy
Lex, A Last, Rv. since late in Oct., i!)01. Coin, stock, $200,000; prof,
stock, $100,000; bonds as above, $250,Of.0; junior securities to be
tAkon by stockholders, $175,000. The bonds are guaranteed by the
Kentucky Block Carmel Coal Co. Pres., W. de L . W alhridgc, 1 B’ way,
N. Y,; Bee. and i’reas., M. B axter Jr.
O h io A L i t t l e K a n a w h a R y . —Zan esville, O., to Marietta,
Hlj miles. V. 69, p. 907. Acquired by Malt, A Ohio, which hum pic
under its Pittsburg Lake E rie <. West. V irg in ia m ortgage $57e
v
common and $815,000 prof, stock. V.73, p. 1264 Stock, all m il -1
ing, com non $1,000,000; preferred, $1,250,000. 1 > year 190
gross, $188,713; net, $ 4 3 , 1 9 1 V, 73, p, 1 1 1 , 1 Z04.)
O h io R i v e r A- C h a r i . —In 1902 sold to South A W estern Ry,
O h io 111 v e r K K .—((lee R. ,6 < . M ap .) In July, 19i>l, plireii
>
hy the Balt A. Ohio HR., Which has i lodged $5,880,800 of tin- i.Y
' uapuar " kick
Tor
4J0 capital “took as part security fo r its own P itts l K. A w ’
Pitts L
a W
v,
,
,*'*3 r , , r 1 9 0 0 Is In V . 7 2 , p . 9 8 5 , s h o w i n g on 2 2 1
Dee. 3l,;
Gross. Op. ex. $ taxes.
Net.
Int., tie.
Hal
....... . .. .$ 1 ,5 1 7 , 9 4 4 $ 1 ,0 1 1 ,4 6 J
$ 5 0 3 ,4 6 5
$ 2 8 7 ,7 7 4
n f ’i r - s . l ’ W
8
9s 1,863
471 155
290 099
-(V . 72, p. 98 5; V. 73, p. 83,23 7, 287.)
O h io R i v e r A W e s t e r n R R . —V. 75, p. 794.
O h io S o u t h e r n R R . —See D etro it Southern Ry.
$21
1
$100,000
450,000
250,000
228,000
2,000,000
2,941,000
376,000
303,000
50,000
5 g- A.
5
J.
5 g. J.
5 g. M.
&
<
te
&
&
O. C ity N. Bk, W at’ rt’ n .N .Y Apr. 1, 1932
J . Phila., 608 Chestnut St. July, '02, 2 ^ %
J. N. Y ., 1 Broadway.
Ju ly 1, 1926
S. N. Y ., Knick. Trust Co. Mch. 1, 1950
J.
A.
F.
J.
F.
&
&
&
&
&
D.
N. Y ., Central Tr. Co.
O.
do
do
A.
do
do
J. N e w Y o rk or Phila.
A. Phila., E. W.Clark & Co.
5
5
6
6
6
g.
g.
g.
g.
g.
16,758,900
7
Q .-J .
498,000
4bj A. & O.
4
J. & J.
750,000
4
J. & J.
4,000,000
3,000,000
4 g. F. & A.
4
J. & D.
5,100,000
1,912,000
J. & J.
5
1,000,000
J, & J.
3%
1,000,000
5
J. & J.
19,357,000
5 g. J. & J.
24,000,000
11,000,000 4% in ’02 J. & J.
21,482.000
4 g. J. & D.
27,460,100 m ostly o w n edby
14,931,000
6 g- F. & A.
4,993,000
7
J. & J.
1,802,000
5 g. J. & J.
Boston, Office.
do
do
do
do
do
Boston, N. E. Trust Co.
Treas. office, Boston.
P ro v. L. & T. Co., Phila.
N. Y ., South Pacific Co.
N. Y . Office, 120 B ’way.
do
do
N ew Y ork & Germany.
Union Pacific.
N. Y ., 1 2 0 Broadway.
dn
do
do
do
June
Apr.
Aug.
Ju ly
Aug.
1,
1,
1,
1,
1,
1936
1937
1920
1922
1908
Oct. 1 /0 2 ,1 %
Apr. 1, 1904
Ju ly 1, 1904
Jan. 1, 1938
Feb. 1, 1924
Dec. 1, 1925
Jan. 1, 1910
Ju ly 1, 1932
Feb. 1. 1943
July 1, 1927
July 2, '98 ,1%
July 1/02, 2%
June 1, 1946
Feb. 1, 1922
July 1, 1908
Ju ly 1, 1926
O ld C o l o n y R R . ( M a s s . ) —Owns road from Boston to Provincetown, Mass., N ew p ort, R. I., etc., 508 miles; leases, 108 miles.
L e a s e .— In 1893 leased to the N ew Y ork N ew H a ven & H a rtfo rd
for 99 years. A b ou t $5,500,000 o f the stock, included in table above,
is held by the lessee. The lease provides fo r dividends o f 7p. o. per
annum on stock not exchanged. V. 56. p. 247. 374. Stock author
ized, $20,000,000. In Dec., 1901, issued $150,000 additional stock
fo r extension to a point near Adamsdale, Mass. In June, 1902, is
sued $1,000,000 o f 34a per cent bonds.— (V. 75, p. 78,135.)
O m a h a B r i d g e & T e r m . R y . —See A p ril, 1899,Su p .; V.74, p.206.
O m a h a N o r t h e r n R R . —V . 75, p. 394.
O m a h a Ac St. L o u i s R R . —On N o v. 1,1901, the Wabash R R. took
o ver the road a fter foreclosure. Y e a r 1900-01, gross, $516,656.
O r a n g e Ac N o r t h w e s t e r n R R . —Buna to Orange, Texas, 30
miles. Extensions are proposed, making 385 miles in all. Stock t o b e
reduced by cancellation to *35,000. In A p ril, D 02, the Railroad Com
missioners of Texas approved the issue oi $650,000 bonds. President,
L. M iller; Sec. and Treas.. W. W . Reid; Gen. M gr., C. W . H ole. Office.
Orange, T ex .— (V. 74, p. 937,1252.)t
m
a Ik
O r e g o n & C a l i f o r n i a R R . —(See M ap Southern P a c.) -P o rtla n d ,
Ore., to California State line, 367 m ile s ; A lbany June, to Lebanon, 12
miles; Portland to Corvallis, 9 7 m iles; Woodburn to Natron, 93 miles;
Portland, Ore., to A irlee, Ore., and branch, 85 miles. T o ta l,654 miles.
L e a s e , E tc .—L eased to Southern Pacific Co. fo r 34 years from August
1,1893, the lessee guaranteeing interest on the bonds, and the lessor
receivin g any net profit and being charged w ith any deficit a fter pay
ment o f charges. Betterm ents are payable b y lessor. Southern Pacific
owns the bulk o f its $19,000,000 stock, $12,000,000 o f which Is 7 p. c.
pref. V. 72, p. 287 Due So. Pac. Co. June 30, 1901, $4,524,413.
B o n d s .— Land grant was about 4,000,000 acres, part o f which is
covered by the m ortgage, proceeds o f land sales goin g to redeem bonds
(su iject to call at par). Th e Southern Pacific guaranty o f princi
pal and interest is printed on each o f the 5 per cents. In 1900-01 net
land sales subject to mort. w ere $222,076. See V. 63, p. 754.
Eaknings .—Y e a r ending June 30, 1901, gross. $2,952,401; net, $801.002; interest, taxes, ete., $1,435,117.—(V. 74, p. 1090.)
O r e g o n I m p r o v e m e n t . —See P a c if ic C o a s t C o . (Miseeli. Go’ s).
O r e g o n R a i l r o a d Ac N a v i g a t i o n . —(Sec M ap U n ion Pac,)—East
Portland, Ore., to H untington, Ore., 403 m .; Um atilla, Ore., to Spo
kane, Wash., 245 m.; branches 487; leases 2 m.; total, 1,136 m., o f
which 19 narrow gauge; riv e r division w ater lines, 353 miles. Ocean
line to San Francisco, 660 miles. V. 63, p. 969; V. 71, p. 391. 603 In
A u g., 1902, contract was le t fo r extension from R iparia, W a s h , to
Lew iston, Idaho, 71 miles, to he completed in A u g., 1903.
^
^
O r g a n iz a t io n .—Organized in July, 1896, per p l a n in V. 61, p 325
and V. 62, p. 41. Controlled by Union Pacific Ry., d irectly and
through Or. Sh. Line. Owns $700,000 first 5s (entire issue) o f Colum
bia (southern Ry., Biggs, Ore., to Shaniko, 71 miles. V. 73, p. l: 63
S t o c k .— In October, 1899, the U. P. issued its common stock t©
retire, $ fo r $, the $7,718,600 Or. RR. & N a v common stooh not
owned by the Short Line Co. and its preferred stock to retire the $11 000,000 Or RR. & Nav. pref. stock.—V. 69, p.492,597. In July, 1901
all except $59,0C7 common and $24,800 p re fe ire d stock was o w n e i
by the Union Pacific system. V. 70, p. 177.
D i v i d e n d s .— On preferred-. 1897, 2 p. o.; 1898 to July, 1902, botk
Inclusive, 4 p. c. yearly. On com m on paid 1% July 2, I8;i8
B o n d s . -T h e consolidated m ortgage o f 1896 ( a b M t r a c t V 63 p
928; trustee, N ew York Security & Trust Co.) covers all the property
Of the $24,500,000 authorized, $575,200 In 1900 w ere reserved fo r re
tirement. through sinking fund or otherwise o f $409,000 llrHts o f 1879
$1,106,000 for betterments, eto., and $2,830,000 for the construction
o f additional road at the rate o f not m ore than $20,000 per m ile o f
consti ueted road. V. 74, p. 206.
■
*
R e p o r t .— R ep ort fo r 1899-1900 In V. 71, p. 960.
Year end. June 301901.
1900.
1899.
Rall lines...............................
$7,54 2,954
$6,683,115
$6,258,282
W ater lin es.............. ...........
849.346
839,277
747,697
Gross earnings.................
$8,392,300
$7,522,392
$7,005,979
Net earnings o ver ta x es___
$3,688,543
$3,522,003
$3,148,790
Other incom e....................... Included In
158,215
60,115
Union Pa o.
------ -----Total n et Incom e...............
results.—
$3,080,248
$3,214,905
Fixed ch arges.......................See V. 73, p.
$1,069,308
$1,094,997
DlVldends(4%)on pref. stock 1858, 1364.
440.000
440,000
Balance, surplus for year.,
$2,170,910
$1 ,670 9o8
- (V. 72, p. 45, 184 ; V 74, p. 206, 380, 830, 884; V. 75, p. 290.)
O r e g o n S l i o r t H u e R R . —(S e t Map Un. P a r .)- Granger, Wyo,, to
Huntington, O re,,542 m.; branch to Ketchiun, Idaho, 70 in.; Ogdon to
McCninirion, Idaho, 111 m iles; Pocatello to Silver Bow, Montana, 256
m iles; Leld Junction to TlntJo, Utah, 54 miles; Ogden, Utah, to Frisco
275 miles; sundry branches, 107 miles. Including 6 miles leased (o f
which 40 miles narrow gauge); Silver Bow to Butte, Mont,, trackage
8 m.; Butte to (Jamison, Mont., 57 in., owned, hut operated by N o rtlv
ern Pacific; total, 1,480 miles.
,
in A pril, 1901, nil rebus ed the Utah A Pacific Ky.. form ing a 76 mll-p
extension, from M ilford southwest to the boundary line o f Utah » t
Uvada, and w ill extend the branch 440 miles to a point on the South
ern Pacific between Beaum ont and Banning, Cal., form ing a direct line
INVESTORS’ SUPPLEMENT.
110
■
1
[VOL. L X X V .
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate S ize,or
pal,W hen Due.
A m ou nt
of
Par
of
R a te per When W here P ayable, and by Stocks—Last
F o r explanation o f column headings, &c., see notes
Road. Bonds Value. Outstanding
Cent.
on first page o f tables.
Payable
Whom.
D ividend.
R A IL R O A D S .
O re g o n S h o r t TAne R R . —( C oncluded) —
Con. 1st M .,$36,500,000, g. (Is tM .o n 4 0 0 m ) .0.0* 1,479 1897 $500&o. $12,328,000
5 g.
....
1902 l,000& c 31,Of 0,000 See te x t
Fou r p.c. and partic. gold bonds, drn. 102ie.c*&r
1897 500 &c.
....
In com e bonds, Series A . 5 p. c., n o n c n m .O B .
7,185,000 5 p. c. in
1897 500 <fec. 14,841,000 4 in 1902
do
Series B. $15,000,000, non-cum .JTo
....
1902 500 & 0 .
Greg. < So. E .— 1st M , $300,000, g., red. 110,s.f.N«>
6
150,000
5 g.
....
35
50
Oswego & Syracuse- Stock, 9 p. c. guar., D. L. < W.
fc
1,320,400
9
1876
1,000
35
438,000
Consolidated m ortgage (guar. D. L. & W .) F —
7
1883
Construction M., guar. p. & i. (fo r $1,000,000).. F
35
1,000
668,000
5
88 1881
1,000
Owensboro & Nashville— 1st m ortgage, g o ld .. ,€ e.c*
2,000,000
6 g.
70 1901
1,000
O z a k & Cher.C l —Is tM .,$2,000,000,g red te x tIC e *
1,400,000
4 g.
40 1902
1,000
S.O.&M o.C & I.R y . 1st M., $680,000, g. red SSto*
See text.
4 g.
1902
1,000
100,000
Musk. C it y B r ’ge IstM .g./ in t.ren t.re d .tex t.S S tc*
5 g.
*48
100
Panam ct,—S tock ...........................................................
7,000,000 See text.
1,000
48 1897
2,386,000
1st M .,$4,000,000, s.f.,g,red. at 105(te x t).. Ce.c*
4*2 g.
1880
1,000
....
896,000
Subsidy bonds. ,g., draw n at 100. SeeV. 64,p.705. c*
6 g.
....
14
50
Paterson & H u d .R iv .—Stk., 8 p.o. rent. N .Y .L .E .& W .
8
630,000
14
....
Paterson & Ram apo— Stock (ren ta l g u a ra n te e ).......
298,000
8
....
100
Pemigewasset Valley R R .—Stock (ren ta l gu arantee)
6
541,500
• * •»
P e n n s y lv a n ia R R . —Stock, $251,700,000. T r ......
....
....
50 204,572,350 6 in 1901
General m ort. bonds, $1,000 and £20 0 each, .c&r 857 1867 $ or £
19,997,820
6
1,000
1,961,000
f Currency registered bonds................ r
85'/ 1875
6
< L
D
Currency coupon bond s.....................c
857 1875
1,000
2,757,000
6
857 1873-4 £200
6
22,762,020
tn co £ S terlin g bonds......................................c
3
857 1879
1,000
3,498,000
S t- ® g ^ Gold registered bond s......................... r
5 g.
cc g 2 G old coupon bond s.............................. c
857 1879
1,000
1,500.000
5 g.
jrH a O
1
gqn g < G old sink, fund, 1 p. c., n ot draw n , .c*
»
857 1893
1,000
2,882,000
4 g.
S terlin g (s.f. in 1900) n ot d ra w n .c *& r
£200
857 1895
4,850,000
3 lag.
8 °
....
1,000
Bonds (P. W. & B. stock as c o lla te ra l)................r
1881
4
7,702,000
N a v y Y a r d m o rtgage (ex ten d ed in 1 9 0 1 ) . F P . . r
5,000
m m . 1901
m
1,000,000
3ia
C ollateral trust loan, g o ld , n ot d ra w n ................o*
1883
1,000
4^g.
9,900,000
J. & J.
F.
A.
Sept.’02
Oct.
A. & 0.
F.-A.,20
M. & 8.
M. & N.
M. & N.
A. & O
J. cfe J.
J. & J.
A. & 0.
M. & N.
J. & J.
J. < J.
fe
F. & A .
M .& N .31
See x
Q .-M . 15
J.& D . 15
J. & J.
Q .-M .
M . & S.
M. & N.
J. & J.
J. < J.
fe
J. & J.
J. & D.
N. Y ., 120 B roadw ay.
N ew Y o rk .
N. Y , 120 B roadw ay.
do
do
N. Y ., No. A m er. Tr. Co.
N. Y ., Del. L. & W. R R ,
do
do
do
do
N. Y . t 120 B roadw ay.
N .Y ., Oh. N. Bk. & Chic.
N e w Y ork and St. Louis.
St. L.-U nion T r.,8 t. L.
N. Y ., 24 State St.
do
do
do
do
Paterson , N. J.
do
do
T re ’ s.off.,Concord, N.H .
Philadelph ia, Office.
Phila. Office & London.
Philadelph ia, Office.
do
do
Phila. office and London
Philadelphia, Office.
do
do
N. Y ., F a rm ’s L. < T. Co.
fe
N .Y ., F a r.L .& T . & Lon
Phila., Pa. Co. fo r Ins.<fcc.
Phila., Co.’ s office.
Ph ila.,Pro v id ’tL . &T. Co.
Ju ly 1, 1946
A u g, 1, 1927
Ju ly 1, 1946
July 1, 1946
A pr. 1, 1922
Aug. 20, 1902
Mch. 1. 1907
M ay, 1923
N ov. 1, 1931
Oct. 1, 1941
July 1, 1942
Ju ly 1, 1942
Sept. 5,’ 02, 2
Oot. 1, 1917
N ov. 1, 1910
July, 1902, 4%
July, 1902,4%
A u g., 1902,3%
M ay 31, ’02, 3
July 1, 1910
June 15,1905
June 15,1905
Ju ly 1, 1905
Sept. 1, 1919
Sept. 1, 1919
M ay 1, 1943
July 1, 1945
Ju ly 1, 1921
Jan. 1, 1931
June 1, 1913
x On coupon bonds 3. & Jr. on registered bon ds A . & o .
.
betw een S alt La k e and Los A n geles, the U tah N eva d a < C a lifo rn ia R R .
fe
Gen. M gr., E. E. H u ghes o f F a y e tte v ille , Ark.; Sec. rn d Treas., A . W.
w ith $5,000,000 stock, b ein g in corporated to bu ild the exten sion .
Cooper, Clinton, la .— (V . 73, p. 1264; V. 74, p. 41; V. 75, p. 78, 240.)
V. 72, p. 1136; V. 73. p. 1361. In Oct., 1901, 41 m iles from U va d a to
P a n a m a R R , —Colon to Pan am a and T a Boca, 50 m iles, 5-foofc
C alientes w as in operation. Branch B la ck foo t, Idah o, to Mack ay, 85 gauge. T h e Pan am a Canal Co. ow ns a m a jo rity ($6,850,000) o f capital
m., opened Oct. 1,1901.
stock. In June, 1902, m ade a new traffic a greem en t fo r th ree years
H is t o r y .—Successor M arch 16,1897, o f the O regon Short L in e & w ith the P a c ific M a il Steam ship Co. Y. 74, p 1252.
U tah N orth ern R y., foreclosed p e r p l a n in V . 62, p. 504, 505. Con
Div id e n d s . 5 ’ 85 ' 86-7 988 ’ 89 ’ 90 ’ 91 ’92 ’ 93 ’94-00 ’01 ’02
tro lled b y Union Pacific, w hich holds n ea rly the en tire ca p ita l stock S in c e ’84 p.ct. < 10
nil. 23 9
5
5
2
2 N o n e Mar.2 B elow
and the grea ter p a rt o f the In com e A and B bonds.
In 1902, June, 2 per cent; Sep*., 2 p er cent.
Ca p it a l St o c k .— A u th orized $27,460,100, o f w hich n ew U nion P a cific
B o n d s .—T h e n ew m o rtg ag e o f 1897 is fo r $4,000,000; sin kin g fund
R y . Co. has acqu ired $27,444,100. V. 68, p .1 8 8 ,381,474.
Is $150,000 y e a r ly and bonds m ay be d raw n fo r s. f. at 105; the entire
B onds .—O f the $36,500,000 n ew fir s t consols, $22,029,000 are re issue m ay be called fo r p a ym en t on and a fte r A p r il 1,1903, at 105.—
served to re tire a t m a tu rity the loans n ot disturbed
V. 65, p. 516. See also description in Y . 66, p. 1043.
Series A , incom es, non-cum ulative 5 p e r cents, h a ve re c e iv e d : In
Th e subsidy bonds are secured b y an “assignm ent and pledge
Sept., 1897, 4 p. c.; Sept, y e a r ly since, the fu ll 5 p er cent, a t G u aran ty
made by the tr. S. o f Colom bia to the trustees o f $225,000 annually, of
Tru st Co., N. Y . o r O ld C olony Tru st, Boston. V. 69, p. 492.
the annual subsidy or re n ta l toth a t e x te n t p a ya b le to said governm ent
O regon R R . & N a v ig a tio n stock, v iz., $16,281,400 com m on and
by the com pany, and are draw n and paid o ff on N o vem b er 1 y e a rly with
$976,900 p referred , is ow n ed and p led ged as special security fo r
any surplus o f the subsidy not needed fo r interest; $206,*000 bonds
the Series B incom es, but dividends thereon are to go to the Short L in e
n ow in treasu ry. See statem en t as to subsidy bonds in V. 64, p. 705.
com pany e x c e p t as needed to p a y to Series B th eir fu ll interest. In
a n n u a l R e p o r t .—T he rep ort fo r 1901 in V. 74, p 827, showed :
Oct., 1898, 3 per cent and in Oct., 1899 to 1902, in clu sive, 4 p er cen t
Year
Gross R R .
N et R R .
Net o f
S u rp lu s,
y e a rly w as paid on the Series B incomes. V. 65, p. 572; V. 66, p. 1141.
to Dec.31. E a rn in g s . E a rn in g s . Steamshivs. Charges. In c l. Other Inc.
Th e U n ion Pacific ow ns $6,652,000 o f the $7,185,000 In com e “ A ”
1901____ $1,365,171 $739,909
$355,490 $835;809
*$259,590
bonds and $14,635,000 o f the $15,000,000 “ B ” bonds.. V . 70, p. 176.
708,934
137,886
802,191
446,769
1900...... 1,270,996
In 1900-1901 $78,108,000 N o rth ern P a cific stock was purchased, the
* 'i he special d ivid en d o f 2 p. c., paid Mar., 1901, called fo r $140,000.
com p n y issuing $61,000,000 fo u r p er cen t certificates o f indebtedness,
T h e charges above in 1901 in clu d e: Subsidy paym ent $25,000; in
all ow n ed by the Union Pacific. Y. 73, p. 1361. Th e com pany also
had outstanding June 3 0 ,1 9 o l, “ $23,202,247 balance o f indebtedness tere st on bonds, $150 960; redem ption o f bonds, $294,240, etc. —(Y.
incu rred in acquisition o f securities o f oth er com panies and in n ew 7 4 ,p 95, 8 2 7 , 1090, 1252; V. 75, p. 550.)
coDStruction.,, T h e w h ole o r a portion o f the stock w as exchanged fo r
P a r k e r s b u r g B r i d g e Sc T e r m i n a l C o , - V 75, p. 442.
N orth ern Securities Co. stock, on the basis o f $115 o f the la tte r fo r
P a t e r s o n Sc H u d s o n R i v e r . —Owns fro m M arion, Jersey City,
$100 o f N orth ern P a cific stock, a p a rt o f the N o rth ern Securities stock
N. J. (south o f B e rge n Ju nction ), to Paterson, N. J., 14 miles, double
ow n ed bein g pledged as stated below .
T h e “ 4 per cen t and p a rticip a tin g 25-3 ea r go ld bonds” o f 1902 track. Leased in perpetu ity, at $48,400 per yea r fo r road, $5,000 for
(E q u itab le Tru st Co. o f N e w Y o rk , tru stee), a re lim ited to the am ount land in Jersey C ity and taxes, to E rie R R ., fo rm in g p a rt o f m ain line.
P a t e r s o n Sc R a m a p o R R . —Owns fro m Paterson , N. J., to New
o f co lla tera l, viz., N o rth ’n Securities Co. stock, p led ged w ith the trus
Y o rk State L in e, 14 m iles, double track, p a rt o f m ain lin e o f E rie RR.,
tee. In addition to the fix e d in te rest a t the ra te o f 4 p er cen t (gold)
per annum, the holders are en titled on Feb. 1 o f each year, b eg in to which leased Sept., 1852, du rin g le g a l existence, a t $26,500.
ning 1904, to any cash divid en d paid du rin g the precedin g ca len d a r
P e c o s V a l l e y Sc N o r t h e a s t e r n R y . — R o ad .—Owns from Pe
y e a r upon the deposited co lla tera l in excess o f 4 p e r cen t on t he out cos City, Texas, to A m a rillo , Texas, 370 m iles. In Deo., 1900. the
standing bonds. Th e en tire issue or any p a rt (w hen d raw n b y lo t) is Atchison T o p ek a & Santa F e acqu ired o v e r 97 per cent o f the $2,916,subject to ca ll at 102*2. A m ou n t sold $31,000,000. See also Union
000 bonds (50-year gold 58 o f 194 8) and 97 per cent o f the common
P a cific R R ., V. 75, p. 136, and a b s t r a c t o f m ortgage. V. 75, p. 243.
and p referred stocks ($3,162,000 each), but the road w ill be operated
L ate s t E a r n in g s . - F or 11 mos en din g May 31, 1902 (1,438 a v e r in depen den tly fo r the present. V. 72, p. 88, 137; V. 73. p. 736.
age m iles), gross earnings, $10,12^,259; net, $5,260,214; o tb e rin R e p o r t .—R e p o rt fo r the y e a r ending June 30, 1900, was in V. 71,
com e, $3,284,304; fix ed charges, $4,910,375; int. on open accounts,
p. 339. Y e a r 1900-01: gross. $452,730; net, $96,063: other income,
etc., $993,454; bal., aur., $2,640,688.
$2,047; fixed charges, $150,877; deficit, $52,767.- ( Y. 73, p. 900.)
Y ear ended J une 30—
1901.
1900.
I f 99.
P e m i g e w a s s e t V a l l e y R R . —Plym outh, N. H ., to Lin coln ,N . H.,
Gross earn in gs........................... $9,673,279 $8,578,398
$7,577,108
fc
N e t earnings o v e r exp. and taxes 5,012,274
4,473,464
3.778,280 23 miles. L eased to C oncord < M o n trea l fo r 6 p. c. on stock, and i*
operated b y the B oston & Maine.
Fin an cial Office, 120 B roadw ay, N . Y. C ity.— (V . 76 p 733, 794.)
P e n n s y l v a n i a R R . —('Nee M a p ).—T h e system, as shown on the adO r e g o n Sc S o u t h e a s t e r n R R . —To ex ten d from C ottage G rove,
jo in in g map, exten d s from N e w Y o r k C ity, w esterly, v ia Philadelphia
Ore., to the Bohem ian M in in g D istrict, 36 m iles, o f w hich, C o ita ge
to P ittsb u rg, E rie, C levelan d , Toledo, Chicago and B u rlington on the
G ro v e to Bed Rock, 10 milep, a re com pleted and 8 m iles a d dition al are
north, and to W ashin gton, C incinnati, L o u is v ille and St. Louis on Tbp
to he in N ov., 1902. Stock authorized, comm on, $>00,000; p referred
7 per cen t cum., $500,000; outstanding, $409,000 o f each; par o f south. The tota l system on Jan. 1, 1902, a gg reg a ted 10,485 miles, of
shares, $100. Bonds, see ta b le above. Presiden t, Geo. W. C rosby, w hich 3,739 m iles represent the m ileage operated d ire ctly under the
caption “ the lines east o f P ittsb u rg and E r ie ” and 2,955 miles the
A tla n tic C ity, N. J.— (V. 75, p. 135.)
m ileage operated d irectly under the caption “ the lines w est o f Pitts
O s w e g o Sc S y r a c u s e R R . —Owns from O sw ego, N. Y ., to Syracuse.
bu rg and E rie ,” the la tte r bein g m ore fu lly described under the title
N. Y., 35 miles. Leased in 1869 during length or charter and ren ew al
Pen n sylvan ia Com pany and P ittsb u rg Cincinnati Chicago & St. Louis.
thereof to the D ela w a re Lackaw ann a < W estern R ailroad Com pany fo r Th e balance o f the system is operated independently.
fc
9 per cent per yea r on $1,320,400 stock and in terest on bonds.
Mile*.
E a s t o f P it t s b u r g : Sc E r i e .
O t t a w a N o r t h e r n Sc W e s t e r n R y . —See Canadian P a cific R y .—
M ain Lin e and Branches—
Miles. I Other lines (includ. D.&R.Canal,
00 m., aud ferries, 2 m ) .......... »
(Y . 75, p. 791,819.)
Philadelphia to Columbia, P a .......
81
Philadelphia, Pa., to New Boston,
Total In Penn. RR. statistics,3.739
O t is H y , -O tis Jet. to Otis 8um m it, N. Y ., 1*35 miles. Successor
e tc........................................
210
4
June, 1899, to Otis E le v a tin g R y., foreclosed. V. 69, p. 81. Stock, $65,- H a rrisb u rg, Pa., to Pittsburg, Pa. 248 I Trackage..................................... 8
R epo rted s e p a r a t e l y —
000. Bonds, $71,000 Is tM . 40-yr. 5s, dated J u ly 15, 1899, a ll outstand Branches and spurs........................ 289 i Phil. Wilm. & BaltimoreT........... 670
ing. Y e a r 1901 02, gross, +9,515; net, $2,799; int. and taxes, $3,955;
9
T o ta l main line and branches... 828 Northern Central Ry.T................ 3 1
& Seashore RR.T find.
bal., dof., $1,156. Pres., Cbaa. L. Rickerson, N. Y — (V.69, p. 81.)
Lines operat ed by lease or contract— 1 West Jer.2 m.) ........................ S"2
ferries,
lia r . Port*. M t. Jo y & La n. H K .i
O w e n s b o r o Sc N a s l i v l l l e R y . —Owns from O w ensboro, K y .,t o
Valley RR.T............ 1 3
Dillersville to H arrisb., Pa.,etc..
53 Cumberland T............................. 86
A d a irv ille , K y ., 84 m iles; Mud R iv e r Branch, 4 miles. O perated by
Long Island
9
T y ro n e & Clearfield B y ..................... 139 Balt. Ches. & Atlantic R y................ 2 ?
8
L o u is ville < N a sh ville R ailroad, w hich owns the $1,156,518 stock (par
fc
W estern Pennsylvania R R .T ......... 138 i
$100) and $1,200,000 o f the first m o rtg a g e bonds—a ll these bonds and
Grand total east o f P. & E ........6.*^
United New Jersey R R .T
most o f the stock being pledged under its tru st deeds.
Tre n to n to Jersey C ity, etc......... 148
W e s t o f P lt f sbu rg Sc Erl©;
Philadelphia & T re n to n R R .T .......
20 i
(T See each Co.)
Miles.
o z a r k A C l i e r o k e e C e n t r a l R y . —F a y e tte v ille toT a h leq u a h J .T A llegh eny Valley R y .T ..................... 2 ri
R e p o r t e d Dir e c t l y —
70 miles; extension from r^hlequah to Muskogee, 1 T , 30 miles, ro be
West. New Y o rk & P e n nT................ 549 Pitts. Cin. Chicago & St. LouisT.. .1 J J
.6 J
com pleted N o v , 1902. Th e Shaw ee Oklahoma & M issouri Coal < R y., Connecting Railw ayT—
&
30i
Pennsylvania Companx linesT—
ow ned by the same interests, and to be u ltim a tely absorbed, has a liiio
Lines operated under contract—
Bald Eagle Valley R R .T .................
93 . Total reported directly.........
alm ost com pleted from M uskogee to Okm ulgee, 40 miles; a fu rth er
Cam bria & Clearfield R R .T .............. 1021 R e p o r t e d S e p a r a t e l y —
exten sion o f the system from M uskogee to Shawnee, 61 m iles, fo r
Southwest Pennsylvania R y .T ___ 136 *
which addition al securities w ill be issued, is exp ected to be com
8
Pittsburg Va. & Charleston R y .T.
82 . Grand Rapids & Indiana linesT.... 6 2
pleted b> June 1, 1903, m akin g a tota l o f 20 L miles. V . 75. p. 78.
81 1 Terre Haute & IndiauapolisT.....
Belvidere Delaware R R .T ........ ..
Other lines (see Pa. Go.statement) 612
The M uskogee C ity B rid ge is leased fo r 99 years from Ju ly 1, 1902,
Philadelphia & Long Branch R R .
49
Delaware River R R . & B rid g e !_
_
10 j Total system Jan. 1,1902......... 10,4 4
8
fo r in terest on bonds, taxes, etc , and prln ipal o f bonds at th eir m a
Philadelphia & E rie R R .T ................. 306l
tu rity. T h e bonds are subject to ca ll at 105 in 1907. V. 7 * p. '40.
Stock authorized, $2,000,000; outstanding Dec., 1901, $200,000; par,
Or g a n iz a t io n , L eases , <fec.—Th e ch arter o f the P e n n s y l v a n i a Ball$100. Th e Ozark Co. bonds are subject to o * ll at 105 a fter 1911; those
road w as dated A p ril 13, 1846. Th e Pen n sylvan ia Company control!
o f the Shawnee Com pany (see table above) at par beginning J u ly,
all the lines west o f Pittsbu rg and Erie, the Pennsylvania RR. Co.
1907. T h e en tire amounts o f both issues are expected to be outstand holding all its stock. In 1900-1 the Penn. RR. purchased a large In
ing shortly. Presiden t, H W. Seaman o f Clinton, la.; Vice-Pres. and terest in the stock o f B a ltim ore & Ohio RR., Chesapeake & Ohio Ry«
Ill
Sagina'
Hratfori
uskeg'on
'oodstocl
Waukesh,
CTvvosso
Komoka
Aabu:
•AlQUA'^Vj
\ s ta g e y 1
Sarnia
A rca d e’
an we.
[Monteith
iraam
ackson
.Vicksbur
iBochelle
■IpAmherstb'
^ U c h e l^
onesville
1 7 TTnioi^S
5
Raines
I s LakeylUe^ii
Ssakee JC
W
Joliet
Mend;
[Milton Jd^ V
B EN D
r —
^ r^l'ioncei'
JafncstoVm
,X «
iR e e d C it^ >
L^ig Rapids
R A ILR O A D STOCKS A N D BONDS.
O Tj'votivillew
’
'
T itu sville*
Auroj
Emporium
j^T.ONEBO&O
La Cross!
y j \ HudsAnjVe
y<, M ta ven lJ a V
.j^awrenci
iJ c . \
iButler
w iii
u
oodlaud
Keokn!
omington
itntaT^p^
, ^Clfntoif
Javana
\
v
Iir.uins
n^astlel 3-^
Areohn
Mattoohs/
'a r r i n q t .q n ;
iawrence:
^
BALT.
Grafto:
*
W ING
ASH T^
Buck ah uni
loyfdrf Man'Ss^Ncr^ r ‘ i/
Hi tell oil
\
/
'
M aysville
gu ry W W
Ashland
>PrIiiceton
^Tamaroa'
Charlestown
^>s-
J/Paris
ngton c*.
Dincolu
3 quoin
pu
Kanawha o
Ceclllan Jc.
awneetown
Lobanon.
A Y a rr o n to n V ^ ^ ^
.
/
*’ / / 0
yCUANTtCOhV^J^
Fredoric^ksburg/
Staunton
'- \ s> pall8
n
/ A G o rd o n s Y.\
a
Charlottes
Sterling
'Eldorado
tuirajS
"Canton V
V / Harper
’•rg
Weston
.cksoir
Vernon
fibippo,
MARTINSBURG^
Clarksburg
'Athens
POISON
MISS.
Ashley
YyJrclevill|
__\wNj ^ y i g t o n
Uhillmothev^c A
)HillsDoup
f*
■/jieaford Q ^‘
l
9 lSercer$burg.J^«
Hyndman ^ 6
1 V "lTagirV T~
) r ? reliance
ii
^ M a rtin S
'
»»
villc^J
GospoiMV^
f—
c
Seymour
jfCentralia
kns V
iCambi
ft
V'
ington
iellevllle
.H A R R IS B y ^
iN TO
G '
T)res&el
I jJ C ^ J Bridgep
r Kanes] ill© B
e''vl
Tuscol
j
REaolv
Gressou
/Champaign
Crawfords V
le *,atur
;*>ss
' lllairs \
lx
j»\*r
fomo'
June.
Richardson
Richmond
lllutol
■
CHWQNy
Lebanon
Piketon
'uchburg
Llvlngstoi
CharlpstdiT
Glasgow
Memphis Jc.
Gallatin
Martin
June.
A S H V IL L E
°/Humbold
Jackson
)
Somerset
V '
Salt Spr.,
Roanoke
Columbia
Innvllle
PENNSYLVANIA R. R
SYSTEM.
.'torsburg
BurkoviUt
Central
M AP OF THE
Fulton
Rives;
\
P<K5»Chonta8c>
Glade Spr.
Guthrie
|
O c to b e r , 1902.
Glasgow Jc.
’ad u call
.Groensburgh
o Hazard.
.
Rocky Mt
Danville
G
reensboro
RALEI<
Cl do A
^ 0 R | g iX -
INVESTORS’ SUPPLEMENT.
112
I^VOL, LiXXV.iar—
*
Bonds—Prin ci
IN T E R E S T OR D IV ID E N D S .
Miles D ate Size, or
pal, When Due.
Am ount
of
Par
of
F o r explanation o f column headings, &o., see notes
Rate per When W here Payable, and by Stocks—Last
Road. Bonds, Value. Outstanding Cent. Payable
on first page o f tables.
Whom.
Dividend.
R A IL R O A D S .
P e n n . R R . - (O o n . ) —Gold bonds, red., text, conv.
Sunb. Haz. & W illi., 1st, Ser. A , drawn at 100...c
2d m ortgage, Incom e..................................... o&r
Sun. & Lew is., 1st M., $600,000, p.& i., g . G n P o '
Equip. Tr. gold bonds (s. f. 5 p.o.) not draw n — c
Penn. R o llin g Stock Trust, $300,000 paid yearly
do
do
$300,000 paid yearly
Penn. Car Trust, $300,000 paid y e a rly ...............
do
$700,000 paid y e a r ly ..............
Penn. Equipm ent Trust, $200,000 paid y e a r ly ..
do
do
$400,000 paid y e a r ly ..
do
do
$400,000 paid y e a r ly ...
Del. A ve. M arket 1st m ortgage............................ r
D elaw are A ve. Bloodgood property....................r
Penn. R R . real estate purch. money g. M.FP.o*<fcr
Pennsylvania Company—Stock..........................
Bonds, gold, sec. by p l’ge & guar, b y Pa. RR.cLfcr
G u.tr. ctfs.,$20,000,OOOg. gu.Pa.RR.,ser.AcLfcr )
do
do
do
ser. B.GJP.o*&r (
do
$1,334,000 dr. y ’rly , g , gu. Pa. R R .G P
Car trusts (Deo., 1901)..........................................
76
Pennsylvania < N orth Western—Stock, $2,500,000
£
30
B ell’ s Gap 1st m o r tg a g e .G u F .......................... c
30
Consol. M. (for $550,000) s. f. not dr’n G u P .o '
46
Clearfield & Jefferson 1st m ortgage G u P ........c
76
General m ortgage fo r $2,500,000. G u P ........... c*
47
P eo ria < Bureau Val.—Stk., 8 p. c. rent’l C. R .I.& P
e
P eo ria < Eastern— Ind. Bloom. & W. 1st M.,pf.Ceo<fer 202
£
342
Ohio Indiana & West. 1st M .,p ref.,g.,in t. gu.Cec'
342
P . & E. consol. M., $10,000,000, int. guar.Ce.c
2d consol, mort., income, non-cum ulativeCe. .c 342
a Including $140,200 bonds held a live in sink. fund.
1902 $500&c
See text.
3 ^ g . jM. & N.
1878 100 &c. a$l,000,000
M. & N.
5
1878 100 &c. $1,350,000
6
M. * N.
1,000
1896
4 g. J. & J.
500.000
1,000
1889
4 g. M. & 8.
2.728.000
1,000
1898
1.800.000
3 leg. Q .-J .
1899
1,000
2 , 100,000
3+jg. Q.—J.
1899
1 .0 0 0
2 , 100,000
Q.—F.
3 ^ g.
1900
1.000
Q.—F.
31s g.
5.600.000
1900
1,000
Q .-M .
1.800.000
3ia g.
1,000
1901
3.600.000
3 ^ g.
Q .-M .
1,000
1902
4.000. 000
3 ^ g . Q —M.
5.000
1889
300.000
43io M. & 8.
1892
1.000
200.000
44l0 M. & 8.
1,000
1893
2.000. 000
4 g. M. * N.
50
40.000. 000
1,000
19.467.000
1881
412 g. J. & J.
1,000
1897
4.950.000
3 ^ g . M. & 8.
1901
1,000
10 . 000 . 000
3hj g. F. & A.
1,000
1901
18.666.000
3 ie g M. & N.
3,328,548 Various Various
50
2.250.000 2 in 1902 J. * J.
1,000
1880
F. & A.
6
81,000
A. & O.
1883 500 *c .
6
145.000
J. & J.
1886 500 &c.
6
1 , 000,000
1,000
1890
J. & J.
5
1.021.000
100
F. < A.
fc
1.500.000
8
1879 100 & c.
4
A. * O.
985,100
1888 500 &o.
500.000
Q .-J .
5 g.
A. & O.
1,000
1890
4
8.500.000
1,000
4
A p ril 1
1890
4,000,000
.
Phila., Broad St. Stat’n.
do
do
N. Y „ Am .Ex.N. Bk.&Ph.
Phila., Girard Trust Co.
do
do
do
do
do
do
do
do
CommT Trust Co., Phil.
do
do
do
do
Philadelphia.
Philadelphia.
N. Y., Farm ers’ L. & Tr.
Pittsburg, Co.’s Office.
N. Y., N a t’l City Bank.
N.Y.,Union Tr. * Phila.
N. Y., Uu. Tr. & Phila
N. Y . and Philadelphia.
Phila., Gu. Tr. Co., etc.
Phila., Gu.Tr. & 8. D.Co.
Phila., 26 8 0 . 15th 8 t.
Phila., G u .T r.* 8. D.Co.
do
do
do
do
N. Y . ,Ch.R.I. & Pac. RR.
N .Y ., J.P. M o r g a n * Co.
do
do
do
do
4 p.o. paid A pr. 1, 1902
Nov. 1, 1912
M ay 1, 1928
M ay 1, 1938
July 1, 1936
Sept. 1, 1914
Oct., 1903-08
Apr., 1903
Nov., 1903-10
Feb., 1903 09
Dec.. 1902-10
June, 1903-11
Mch., 1903-12
Moll. 1, 1909
Sept. 1, 1912
May 1. 1923
Deo.30,’01,3%
July 1, 1921
Sept. 1. 1937
Feb. 1, 1941
N ov. 1, 1916
Various dates.
Jan. 10, ’02, 2
Aug. 1, 1905
Apr. 1, 1913
Jan. 1, 1927
Jan. 1, 1930
A u g.,1902, 4%
Apr. 1, 1940
Apr. 1, 1938
Apr. 1, 1940
Apr. 1, 1990
P e n n s y l v a n i a R R . C o .—C o n c l u d e d .
Year ending Dec. 31—
1901
1900.
1899.
Balance...... .......................... $22,194,330
17,277,530 $11,493,802
and N o rfolk & W estern Ry. V. 70, p. 76, 231, 687; V. 72, p. 481,
Payments—To trust fu n d ......
$109,673
$103,341
$91,438
581.
In 1900 acquired most o f the $20,000,000 W estern N. Y . &
Consol, m ortgage redeem ed
402,390
402,690
354,480
Penn. Ry. stock and also the $10,000,000 income bonds. V. 72, p. 481.
Extraordinary expenses......... 10.824,595
6.540,785
1,995,559
Regarding Reading control, see V. 75, p. 499, 599, 186, under cap
tion o f Reading Co. and B altim ore & Ohio.
$11,336 653
$7,046,816
$2,441,477
The Western N ew Y o rk & Pennsylvania R y. and the A llegh en y V a l
Balance to credit o f in co m e.. .$10,857,672 $10,230,714
$9,052,325
le y Ry. w ere taken o ver under lease August 1, 1900, adding
Dividends...............................(6)10,857,672 (6)8,781,171 (5)6,465.266
about 829 miles to the system proper. V. 72, p. 491. In May, 1900,
Extra B etterm ent Fund.........
...........
1.449,544
1,500.000
purchased a m ajority o f the L on g Island R R. stock. V. 72 p. 481.
See G e n e r a l F i n a n c e s below .—V. 70, p. 1248; V. 70, p. 842, 1095. In
........
$1,087,059
Feb., 1902, the Schuylkill & Juniata, Philadelphia to N e w Boston, etc., To credit o f profit and loss......
w ith branches, a total o f 289 miles, w as merged, V . 54, p. 578,1090. Bal.proflt and loss Deo. 31.... $22,485,305
$22,485,305 $22,380,734
Se c u r it ie s O w n e d .—T he total cost o f these to January 1,1902, was EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIE.
$202,994,161, many o f which are pledged to secure Pennsylvania issuop.
Year ending Dec. 31—
1901.
1900.
1899.
Revenue derived from these securities in 1901, $7,781,720.
Gross earnings..................$198,626,878 $175,236,353 $152,220,106
Ca p i t a l St o c k .—Stock authorized, $251,700,000; the amount out N et e a rn in g s ..................... 64,913,492
54.738,077
45,672,655
standing has been increased from tim e to time, chiefly by sale 10
O f f i c e r s — President, A. J. Cassatt; 1st V. P., John P. Green, 2d
stockholders fo r new acquisitions,etc. See Gen. Finances below.
V. P „ Charles E. Pugh; 3d V. P., S. M. P revost; 4th V. P., Samuel
D ivs. 5 ’ 83 ’ 84 ’ 85 '86 ’ 87 ’88 ’ 89 ’ 90 ’ 91 ’ 92 ’ 93-99 *00 ’01 ’02
Rea; Secretary, Lew is Neilson; Treas., R obert W. Smith. N. Y . head
t>. c. ( 8 ^ 7 5
5 513 5 5 5>s 6
6 5 y ’ly. 6 6 M a y,3 quarters, 85 Cedar St.—(V. 75, p. 135, 185, 498, 612, 794.)
In 1893 paid also 2 p. c. in scrip. In N ov., 1900 and 1 9 0 1 ,2 ^ p. c.
Directors— Alexander M. Fox, N . Parker Sbortridge, W illiam L . Elkins. A le x
each and 1 o. c. ex tra w as paid; in May, 1901, 2 ^ p. o.; in M ay, 1902, ander J. Cassatt, Clement A . Griscom, Amos R. Little, W illiam H. Barnes, Geo.
Wood, C. Stuart Patterson, Effingham B. Morris, Thom as O e W itt Cuvier, Jas.
3 p. c., placin g the stock on a regu lar 6 per cent basis.
McCrea, Lincoln Godfrey, Jo hn P. Green, Charles E. Pugh, Sutherland M. Pre
B onds .—Consolidatedmorl. o f 1873, s> e Su p p l e m e n t o f October, 1901. vost, Samuel Rea.
The 4 p e r cent loan o f 1881 is secured b y Phila. Wi m. & Balt, stock.
P e n n s y l v a n i a C o m p a n y .—(See Map Pennsylvania R R .)—Owns
F o r go d 3h?s o f 1902 see “ G eneral Finances.” M ortgages and ground
no road in fee hut has charge o f aU the system o f the Pennsylvania
rents payable Jan. 1,1902, $5,355,483.
R a ilro a d Co. w est o f Pittsbu rg, viz.: (IT See this company).
G u a r a n t e e d B onds .—See S u p p l e m e n t o f A p ril, 1899.
Leased by transfer f rom P a. R R .:
Controlled by stock, etc.: Miles.
G e n e r a l F in a n c e s .—I n 1901 the authorized capital stock was in
creased by $100,000,000 to $251,700,000; $50,? 00,800 thereof being Pittsb. Ft. W. & Chicago.. 17469-89 Pitts. Cin. Chib. & St. L.171,347'89
Cin. & Muskingum V a l... U148 45
subscribed fo r by stockholders at $60 per $50 share, raising the
28'15
amount outstanding to $202,200,800. The proceeds w ere used to pay N e w c a s tle * B e a v e r V a l.. H14-98 W aynesburg & W ashing..
12-23
31-76
o ff the collateral investm ent obligations o f the company, fo r construc Massillonit&sC leveland___ 1T84-47 Cin. Leb. & Nor................
Erie & P t b u r g .............
tion and equipment expenditures and fo r other purposes. V. 72, p. 392, Cleveland & Pittsbu rg___ 17201-74 Grand Rapids & Indiana.. 430 21
Musk , Gr. Rap. &. Ind..
40-68
533,627. 1238, 1280.
Leased directly
T raverse C ity R R .........
26-00
Stockholders of record March 26,1902. w ere given the p rivileg e to Pitts. Youngs. & Aby Pa. Go.:
ta ___17125-09
Cin. Rich. & F o rt W ayne 1785-60
M ay l o f subscribing to $50,100,000 10-year 312 per cent gold bonds, Toledo Wal. Val. &shh io... U125-40
O
dated N ov. 1. 1902, convertible at the option o f the holder into stock Indianap. & Vincen. R R .’ H13311 St. L. Vand. & Terre H . ... 17158-30
East St. L. &Carom 1elet.. 1713-25
a t $ 7 0 per share on M ay 1,1904, or any subsequent interest day, on
Controlled by stock or otherwise:
30 days’ notice: they m ay be called fo r redemption at lO zis and inter Cleveland & M a rietta ...... 17103-13 T erre Haute & Louansp’ t. 159-36
T erre Haute & IndTis RR. 122 06
e s t on any interest day, beginning M ay 1,1904, but i f called may be
15-27 T erre B a u t e * Peoria R R . 1+5-12
converted on basis above stated. The bonds are issued to p a y fo r Pitts. Ohio Val. & Cin.......
Rooh. B eaver Falls & W ...
-55 Cleve. A kron & Columbus. 196-97
19,000 ttfty-ton steel cars and 260 locom otives, costing $24,000,Oi 0, M arginal R R.,Beav.F..Pa.
2-96 Wheeling Term inal R y ___
9-65
and fo r expenditures on account o f the tunnel extension into N ew R o llin g M illR R ., Toledo, O.
-71 N ew p ort & Cin cin. Bdge..
-73
Y o rk C ity during 1902 and 1903, estimated at $20,000,000, and South Ohio. & Southern...
22-24
2-45
other corporate purposes. Subscriptions fo r the bonds are payable 50 N .C astleB r.W .N .Y .& Pa.R y. 37-62 L o u isville B r id g e ...........
Controlled jo in tly :
per cent at once and remainder Oct. 20 to N ov. 1. See V. 74, p. 577.
Pitts. Chartiers & You gh.. 1718-32
I n June, 1901, obtained control o f the Pennsyl rania and Cambria
Tol. Peoria & W estern___ 17230-70
Steel companies. V. 72, p. 1280; V . 73, p. 843, 957.
T o ta l Penn. C o .lin e s ...1,349 39 T rack a ge........................... 159-77
In Dec.. 1901, the company was preparing to construct an under
T o ta l o f a ll lin es......... 47704-81
ground electric tunnel railroad from N ew Jersey under the N orth R iver
* Operated b y P. C. C. & St. L. Ry.
to a central passenger station at 33d St. and 7th A ve., N ew Y o ik City,
and thence under the E ast R iv e r to a connection with the Lon g Island
O r g a n i z a t i o n — Chartered in Pen n sylvan ia A p ril 7, 1870. Its stock
R R . in Long Island City. Completion o f the work, estimated to oust is owned by the Pennsylvania R ailroad . On Deo. 31,1901, the Penn
about $40,000,000, w ill take several years. The tunnel w ill a f sylvania Co. owned sundry bonds having a par value of £ l ’ ,280,000,
ford entrance into New Y o rk C ity fo r the Pennsylvania Railroad and and stooks o f par value o f $137,631,653, valued at $92,377,013, and
Lon g Island R R and enable the sending o f through trains by rail direct yielding from Jan. 1 to Deo. 31,1901, an income o f $3,505,366.
from the South and W est to all points in N ew England via the bridge
S t o c k .— Stock, $40,000,000 as increased Deo. 5, 1901, from $21,from M ott H aven to Long Island, which is to be built by the Long
Island Connecting RR.; see V. l l . p . 913; V. 72, p. 1280; V . 73, p. 000,000 in return for stocks o f controlled cos. See V. 74,p. 41, 95.
D i v i d e n d s .— In 1883, 4 p. 0.; then none till 1892, when 4 p. 0. was
1264; V. 74, p. 38 0 , 478, 831, 884, 1308.
paid; in 1893, March, 4 p. c.; in 1894, June, 4 po..; in 1901, Dso., 3 p.o.
L a t e s t E a r n in g s .—J an. 1 to Aug. 31, (8 months) directly operated.:
B onds .—T he gold bonds o f 1921 are seoured by leases of P. Fort W.
Lines east o f P itts- ) 1902........... Gross, $73,298,369; net, $25,120,056
& C., the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds and
burg & Erie.
(1 9 0 1 ........... Gross, 66,017.169; net, 22,587,856
Lines west o f P. & E., inc. o r cfee..Gro88 + $4,260,600; net, +$1,046,800 stooks h aving a par value in 1881 o f $24,171,630, as well as real estate.
The guaranteed trust certificates, “ A ” and “ B ” w ere issued by Girard
A n n u a l R e p o r t .—F iscal year ends Dec. 31. Annual m eeting is held Trust Co., Philadelphia, as trustee, under a deed o f trust made by
at Philadelphia on second Tuesday in March. The report fo r 1901 was the Pennsylvania Company and the Pennsylvania RR. Co., whereby
given at length in V. 74, p. 525, 531; see also editorial p. 502.
the Pennsylvania Company has pledged $15,000,000 at par o f the 7 per
REPORT OF PENNSYLVANIA RAILROAD COMPANY.
oent guaranteed special stock o f the Pittsburg Ft. W ayne & Chicago
1899.
1900.
Year ending Dec. 31—
1901.
R a ilw a y Co. The tota l authorized issue o f the trust certificates is
2,781
3,650
Miles operated.....................
3,739
$20,000,000, each series to be seoured b y deposit o f shares of the
Gross earnings.......................$101,329,795 $88,539,828 $72,922,985 special guaranteed stock to an amount equal to the par value of tlie
N e t earn in gs............................ $36,070,252 $30,440,622 $22,578,351 series. See V. 65, p. 368, 572, 1116; V. 67, p. 122; V. 7 2 , p. 3 3 9 . 490.
4,739,506
5,781,297
In t. on Pa. RR. investm ents
7,781,720
The $20,000,000 gold 3-» p 0 . trust certs, o f 1901 w ere issued to
253,884 pay for acquisition o f stock* of the Pennsylvania & Cambria Steel com
245.188
In t. on U nited N. J. securities
255.170
384,034 panies. They are guaranteed, principal and iuteiest, by Peona. RR.,
390,732
In t. fo r use o f equipm ent........
444,489
87,539 and seoured by deposit of $15,000,000 Pitts. Cincin Chicago * St.
In terest, general a c c o u n t.....
...........
64,320 Louis preferred. $5,000,000 N orfolk & W estern preferred and $5,000,73,928
M iscellaneous.........................
103,535
$36,931,-66 *28,107,635 000 Balt & Ohio preferred stocks, and are subject t> o a ll for redemp
Gross incom e.................... * 4 4 ,6 . 5,166
Deduct— R en tals.....................$14,643,14 4 $12,224,520 $10,314,118 tion by lo t at par in 15 equal annual drawings. V. 73, p. 843, 9o7.
4,267,539
4,265,505
In terest on funded d eb t......
4,254,585
R e p o r t .— R ep ort fo r year 1901 was in V . 74, P. 525, showing gross
172,503
In terest on stock allotm ent.
...........
on 1,396 miles, $29,054,5 44; net, $8,742,506; other income, $3,o05,149,367
131,558 366; interest, rentals, etc., $8,566,6 Lt; transferred to extraordinary
In t. on morts. & gr’d rents...
162,637
939,901
640,387 expend, fund, $1,000,000; sink, fund, $367,334; dividend (3 p. c.), $630,Interest on oar trusts...........
1,503,173
566.779
Interest, general account—
200,678
000; bal., sur., $1,683,927. In 1900, gross, $25,407,562; net, $7,136,400 401,599; other income, $2,316,008. In year 1896, profit, $238,267; in
136,400
Equip.trustloan sink. fu n d ..
136,400
1,125,864 1897, profit. $1,009,821; i n ’ 98, profit. $658,575; i n ’ 99, 1,146,931; in
1,197,227
S tate taxes a n d m iscellan ...
1,560,219
$22,460,836 $19,654,236 $16,613,833 1900, $2,119,602; in 1901, $3,681,260.- ( V . 75, p. 733, 791.)
T o ta l
October . H)02.1
RAILROAD STOCKS AND BONDS,
IIS
Bonus—P r in c i
IN T E R E S T O R D IV ID E N D S .
M iles D a te Size, or
pal,W hen Due,
A m ou n t
of
of
W hen W here P a ya b le, and by Stocks— Last
Par
R a te per
F or explan ation o f colum n headings, &c., see notes
Road. Bonds Value. O utstanding
P ayable
Whom.
Cent.
on first p a ge o f tables.
D ividend.
R A IL R O A D S .
20
P eoria < P e k in U n io n —1st m o rtgage, g o ld ---- C e .c
£
20
2 d m ortgage, gold € e ............................................ c
—
P e r e M a r q u e t t e —Common stock, $16,000,000....
P re fe rre d , 4 per cent, non-cum., $12,000,000—
10
Grand Rapids N ew a y go <e Lake Sh. 1st M. 2d D iv.
t
Ohio. & W est Micli. gen. M. ($12,000 p. m .).N B .o * 480
D .G r.R . & W ., 1st con .(n ow 1st) M .,la w .m .O B .c * 380
F lin t & P ere M arq. M. ($1,000,000 are 4s) gold.-C 280
Consol, m ortgage, g .C e .....................................o* 400
P t. J T D iv. 1st M. ($3,500,000), g.. C e .......... 0 * 235
E.
19
........o*
T oled o D ivision , 1st m ort., gold, I B
89
Ch.& N .M i.lstM .,g u .p .& i.en d b y Ch. & W .M .O B C *
....
W estern E qu ipm ent C o...........................................
....
M arqu ette equ ip’t 1st M.. guar., s. f. c a ll at p a r.
P e re M arqu ette consol. M., $50,000,000. . . F c&r . . . .
P ere Marq. T ra n sp o rta t’n Co., gold, p. & i. gu ar.
66
S aginaw Tus. & Huron, 1st M ., p. & i. g u a r.C o ..
28
Gr. Rap. B eld. & Sag., Lst M „ gold, in t’st rental.
P erk io m e n —1st M., s e r.I ( l s t l ’n) g., gu .p .& i. E e P .c * 38*3
l s t M., ser. 2 (2d l ’n) g., gu. p. < 1. (end.) P e P . c * 38*3
fe
Peterborough R R . —Stuck (ren tal 4 per c e n t ) ..........
Petersburg R R .—See A t l a n t i c C o a s t L i n e R R .
73
Phil.dbBalt. Cent.—ls tM .$ 2 ,500,000,$1,200,000 4 ^ 8
Ph ila d elp h ia B altim ore & Washington—Stock.........
....
P h il. W. & Bal. plainbds., s.f. $20,000 y r ly , n ot dr.r . . . .
....
P la in bonds.............. .......................... ................ r
....
P la in bonds...........................................................r
....
P la in bonds, g o ld ................................................. r
....
P la in bonds, g o ld ................................................. r
B alt. 6s P otom ac, l s t M .(tun.) g.,s.t., not dFu x,c*
1*3
92
1st M., road, gu a r.,go ld , 8. fd., n ot d ra w n ,..x c*
Consolidated m ort., $ 1 0 ,0 0 0 ,0 0 0 , g o ld .S B a .c *
93
Phila.db Ches. V.—ls tM .,p f.,o ld 5s,red.’ 9 6 ,g .P e P c * . . . .
l s t m., old 4s, n ot pf., int. reduo’ in '96, g . P e P c * —
..
..
1881
1885
....
$ 1 ,0 0 0
1 ,0 0 0
100
100
1875 500 <feo.
1881
1 ,0 0 0
1897 500 <fco.
1880
1 ,0 0 0
1889
1 ,0 0 0
1889
1 ,0 0 0
1897
1 ,0 0 0
1891
1 ,0 0 0
....
1 ,0 0 0
1900
1 ,0 0 0
1901 lOOO&o.
1897
1 ,0 0 0
1900
1 ,0 0 0
1899
1 ,0 0 0
1888 1 0 0 &c.
1888
1 ,0 0 0
100
....
1881
....
1880
1887
1887
1891
1892
1871
1871
1889
1888
1888
1 ,0 0 0
50
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
500
500
P e n n s y l v a n i a N e w Y o r k Sc L o n g I s l a n d R E . —In c o rp o ra te d
in N e w Y o rk on A p r il 21,1902, in th e in te rest o f th e P en n sylva n ia
R R . (see statem en t o f th a t com pan y a b o ve), to con stru ct an ex ten s io n
in to N e w Y o r k C ity.— (Y . 74, p. 884,1308; Y . 75, p. 185.)
P e n n s y l v a n i a Sc N o r t h W e s t e r n R R . —O w ns B ellw o od , P a., to
H o ra tio, 62 m ile s ; total, inclu ding branches, 79 m iles. A consolidation
Jan. 1,1890. o f the B ells Gap and Clearfield & Jefferson roads. In Mar.,
1902,85 p e r cent o f the stock had been exchanged fo r th a t o f the
Penn. R R . on th e basis o f 4 shares fo r 9 o f the P.
N . Y . 74, p. 152.
D i v i d e n d s . > 1890 ’91 ’ 92 ’ 93 ’ 94 ’ 95 ’96 to ’ 98 ’99 1900 ’ 01
’02
P e r cent. > 5
5 5*2 6
2
2
none.
2
4
4 Jan. 2
E a r n in g s .—F o r y e a r ending D ec. 31, 1901, gross, $637,627; net
$274,500; oth er incom e, $2,467; int., taxes, etc , $144,086; dividends,
$90,000; bal., sur.. $42,881. Y e a r ’00, gross, $701,577; net, $277,478.
— (Y . 59, p. 1008; Y . 74, p. 152, 428.)
P e o r i a Sc B u r e a u V a l l e y R R . —P e o ria to B u reau June., 111.,
47 m iles. Lea sed in 1854 to Chicago R o ck Is la n d 6s P a c ific R R . fo r
$125,000 y e a rly ; dividends, u su ally 8 p c. y e a rly , occa sio n a lly m ore.
P e o r i a D e c a t u r Sc E v a n s . —See I l l in o is C e n t .— (V. 73, p. 957.)
P e o r i a Sc E a s t e r n R y . —(See M ap Olev. G in. Chic, < St. L o u is .)—
&
O w ns from Pekin, 111., to Indianapolis, Ind., 202 m iles, and has a lien
o f $5,000,000 on S pringfield D ivision , In dian apolis to Springfield,
Ohio, 141 miles; trackage, P ek in to P eo ria , 9; to ta l operated. 352 m iles
L e a s e , E t c .—F o rm e rly Ohio In dian a & W estern, sold in foreclosure
In 1890, reorgan ized p er V. 49, p. 616. Leased t ill A p r. 1, 1940, to
C levelan d C incinnati Ch. < St. L ., w hich guarantees in terest, but
fc
not principal, o f the first consols and the u n d erlyin g bonds, and ow ns
one-half the $10,000,000 stock, p a r $100. See S u p p l e m e n t o f Jan.,
1894. as to provision s resp ectin g any surplus o v e r charges. Com pany
ow n s $125,000 stock o f the P<-o. & Pek in U nion Ry., on w hich 6 p. c.
y e a r ly was pai<i 1895 1901, $125,000 a d d ition a l fo rm e rly h eld bein g
sold in Jan., 1902. Y . 74, p. 152.
B onds.—See abstracts o f m ortgages of 1890 in Y. 51, p. 246 and
o f O. In d . < Western m o rtgage, V. 47, p. 201.
fe
I n c o m e s .—F irst dividend, 4 p c. on incom es, w as paid A p r il 1,1902,
from earn in gs o f calen dar y e a r 1901. V. 74, p. 428.
E a r n in g s .—2 months,
; 1902..........Gross, $435,483; net, $108,843
J u ly 1 to A u g. 31.
5 1901.......... Gross, 433,304; net, 3 00,641
Sur. o v e r 2 mos. charges, $41,467 In 1902, again st $33,265 in 1901.
A n n u a l R eport .—F o r 1901-02 see lessee’s report in V. 75, p, 439.
Year end. J u n e 30. Gross.
Net.
Interest, etc.
B a la n ce.
1901-2.................... $2,518,751
$654,113
*$564,260
$89,853
1900-1...................
2,488.303
821,950
404,075
417,875
* Inclu des $160,000 (4 p. c.) int. on incom es.
- ( V . 73, p. 4 4 1 ,5 5 4 ; V. 74, p. 152, 428; V . 75, p. 4 3 9 .)
P e o r i a Sc P e k i n T e r m i n a l R y . —See St r e e t R a i l w a y S u p p ’ t .
O perates a steam term inal road used b y the va rio u s tra n k lin es en
te rin g P eo ria and P ek in , 111.; also an e le c tric street ra ilw a y . O w ns
union station s in both P e o ria and Pekin.
P e o r i a Sc P e k i n U n i o n I i y , - O v n i 8 Pek in to P eo ria , on both
sides o f Illin ois R ive r, and yards at and o p p osite Peoria, M ilea ge m ain
track, 18*14; second m ain track, 8*80; to ta l m ain track, 26*94 m iles.
M ilea ge o f side and yard tracks, 53*71. C apital stock, $1,< 00,000.
Owned by P e o rU <c E astern (C levelan d Gin. Ohio. & St Lou is system )
S
Chicago 6s N o rth w estern, Chic. Peoria & St. Louis, Illin o is C entral
system , Lake E rie & W estern and T o led o P eo ria 6s W estern com panies.
D ividends 1895-1901, 6 p c. per annum. Earnings fo r y e a r 1900-01,
gross, $729,181; net o v e r taxes. $319,270 ; charges, $230,182; d iv i
dends, $60,000; balance, sur., $29,088.— (Y . 70, p. 584,; V, 74, p. 152.)
P e o r i a Sc S p r i n g R y , —See S u p , o f .July, 1902, and Y . 75, p. 290*
P e r e M a r q u e t t e K i t . — (See M a p .)—A. n etw o rk o f lin es ly in g
chiefly in M ichigan, the eastern term ini b ein g at T o led o , O., D etroit,
Mich, and P o rt Huron, Mich, (con n ectin g there w ith th e Grand
Trunk Ry.), and the western term in i at L a Crosse, In d . [throu gh parlor
ears also running to Chicago, 111.), and at Grand H a ven , L u d ln gton ,
Muskegon, Manisl.ee in M ichigan, on L a k e M ich igan .
M ile s
Lines owned in fee.
Miles.
A ie x 1 (near T o le < o ) to Luds
1
Track aye, e tc ........................... 276
in gto n o n L a k e Mi chi g a n .. 268 Leased -G. It. Kal. Sc S. E .)—
L a Crosse, Ind. to B a y V iew ,
R a p id C ity to S tr a tfo r d ___
33
M ich ,.................
380 1 S ag)naw Tuscola A H u ron —
1
Detra i t to Q 9nd Rapid s M icli, 152
buginaw to Bad A x e
.. . If 6 6
Port H 1 ro n to H ow ard M i y .. 172
1
Ft. Huron, to G rindstone ( Mty. 1111 T o ta l (inch 34 m. 3-ft. gauge). 1,838
Grand Rapids to Big L e d g e .„
94|S idings....................................
602
A llegan to P en t w a t e r ..........
102
Other 1 ri es, bran oh os, e t o ___ 4 8 4
1
J See this com pany.
1
A lso own ear ferries M ilw aukee to Muskegon, and Lu dlngton and
Manistee to M ilw aukee, etc.., form in g p a rt o f a short lin e from Ht, Paul
to tidew ater, opened Jam, 1897, and fou r steam ers valued at $443,564.
O r g a n iz a t io n . -In corp ora ted N ov, 1, 1899, as a consolidation o f
Oldoago < Wont M ichigan Ry., D etro it G rand Raphls < . W estern RR,
fe
V
and F lin t & Per© M a rq u ette RR., per plan in V. 68, p. 1024, 1181. The
Saginaw Tu scola & H uron RR. is leased.. V. 70, p. 895.
St o c k .—A uthorized $ 10,000,000 common and $12,000,000 4 p. o.
nou-oum. pref,; consent o f a m a jo rity o f each is necessary to.increuse.
$1,495,000
6 g.
1,499,000
4*2g.
14,145,500
10,512,200 See tex t.
19,000
7
5
5,758,000
4
5,379,168
5,000,000 4 g .& 6 g.
2,850,000
5 g.
3,500,000
5 g.
400,000
5 g.
1,667,000
5
6
105,000
897,000
5
2,500,000
4 g.
1 0 0 ,0 0 0
6 g.
1 ,0 0 0 ,0 0 0
4 g.
260,000
5 g.
799,600
5 g.
1,125,000
5 g.
4
385,000
2 ,2 0 0 ,0 0 0
4*2 & 5
7 in 1902
See tex t.
1 ,0 0 0 ,0 0 0
5
4
1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
4
930,000
4 g.
1 ,0 0 0 ,0 0 0
4 g.
1,500,000
6 g.
3,000,000
6 g.
3,000,000
5 g.
4 g.
280,510
1 0 0 ,0 0 0
3 g.
Q.—F. N. Y ., C entral Tru st Co.
M. & N.
do
do
Feb. 1, 1921
Feb. 1, 1921
F. & A.
J. < D.
fe
J. & D.
A . 6s O.
A . & O.
M. & N.
A . & O.
J. & J.
M. & N.
A. & 0.
A. & O.
J* & J.
J. & J.
F. & A .
M. & S.
Q .- J .
Q .- J .
A . < O.
&
N .Y .R .W in th ro p < Bos.
fc
N. Y ., Un. Tr. < Boston.
fe
do
do
2d N at. Bank, Boston.
N .Y ., R. W in th rop 6s Co.
do
do
do
do
In te rn ’l Tr.Co., Boston.
Bos., N a t. W ebster Bk.
Boston.
do
N. Y ., R . W in th rop& C o.
do
do
N . Y ., C on t’l T ru st Co.
In t’l Tru st Co., Boston.
Ph ila. R e a d in g T er.B ld .
do
do
Nashua, N . H.
Aug. 15,’02,2%
June 1, 1905
Deo. 1, 1921
A p r. 1, 1946
Oct. 1, 1920
M a y 1, 1939
A pr. 1, 1939
J u ly 1, 1937
M a y 1, 1931
A p r. 1, 1909
Oct. 1, 1910
Jan. 1, 1951
$ 2 0 ,0 0 0 y 'r ly
Aug. 1, 1931
Mch. 1, 1924
Jan. 1, 1918
Jan. 1, 1918
Oct., 1902, 2%
M.
J.
J.
A.
M.
J.
A.
J.
A.
J.
A.
A.
Ph ila., Penn. R R . Co.
Ph ila., Broad St. Stat’n.
P h il.O f.;B ost.,K id .P ea b
do
’ do
Ph ila., B roa d St. S tat’n
do
do
do
do
Balt. Office and London.
do
do
B alt. Office, C u lvert St.
Ph iladelph ia.
do
do
N o v. 1, 1911
J u ly 1, '02, 3%
June 1, 1910
A pr. 1, 1917
N o v. 1, 1922
Jan. 1, 1926
Oct. 1, 1932
Ju ly 1, 1911
A pr. 1, 1911
Ju ly 1, 1929
A p r. 1, 1938
A p r. 1, 1938
&
&
&
&
&
&
&
&
&
&
&
&
N.
J.
D.
O,
N.
J.
O.
J.
O.
J.
O.
O.
D i v i d e n d .— On p ref., 4 p. o., p a id Feb. 11,1901; A u g . 1901, 2 p. c.
in 1902, Feb., 2 p. c., A u g. 2 p. c.
B onds—T h e consol. 4s o f 1901 (to ta l issue $50,000,000) a re lim ite d
to $ 2 0 ,0 00 p er m ile o f com pleted sin gle tra ck lin e, in clu d in g u n d erly
in g bonds, o r $25,000 per m ile double-track. O f the bonds, $26,656,000 w e re reserved to re tir e the same am ount o f old bonds. Y. 72, p.
675. O f the M a rq u ette E qu ipm ent bonds oi«e-tenth w ill b e retired
y e a rly b y the sinking fu n d at par, and the en tire issue m a y be ca lled at
th a t p ric e on 60 da ys’ notice. V, 72, p. 1184.
L atest E arnings .—F or 8 months ending Aug. 31:
m on th s—
Gross.
Net.
Charges.
B a l., sur.
1902...................$6,367,767
$1,578,604
$1,075,178
$503,426
1901.................. 5,944,217
1,415,770
974,302
441,468
R e p o r t .—R ep ort fo r 1901 w as in Y . 74, p. 983, show ing:
Y ear en d in g Dec. 31—
1901,
1900,
1899.
Gross earnings ............................ .$9 ,2ol,175 $8,296,112 $7,368,794
O p era tin g expenses and ta x e s ...... 7,110,212
6,330,593
5,667,821
8
N e t e a r n in g s ............................ $2,090,963 $1,965,519 $1,700,973
A d d n et lan d receipts...................
50,519
..........
..........
T o ta l n et in com e.......................$2,141,482 $ i , 965,519
D edu ct—In te re s t........................... 1,3^6,389
1,319,3 t l
D ivid en d on p ref. s to c k ........— (4) 42o,446 (4 )4 2 0 ,0 0 0
E qu ipm en t sin kin g fu n d p a ym en ts 152,500
............
$1,700,973
1,2 s 9,420
............
............
B alan ce, su rp lu s...................... $212,147
$226,189
$411,553
O f f ic e r s .—Chairm an o f B oard, W . W .C rapo; P resid en t, Charles M .
H eald; Gen. M gr., S. T. C ra p o; Sec. and Treas., Charles M erria m
C om ptroller, H . C. P o tte r J r.— (Y . 74, p. 3 2 2 , 9 8 3 ; Y . 75, p., 6 i2 .)
P e r k i o m e n R R . —Owns from P erkiom en Junction, P a ., to Em aus
Junction, P a ., 38*3 miles.
Stock, $1,500,000 (p a r va lu e o f shares,
$50); ow n ed b y the R ea d in g Co. and m ostly dep osited under its J e r
sey Central c o lla te ra l 4 pec cen t m o rtg a g e o f 190 L.—V. 72, p. 283. R e
organ ized in 1887. In y e a r 1 9 0 i-01, gross, $374,734; n et o v e r taxes,
$143,429; in terest, $99,830.— (Y . 71, p. 1013; V. 72, p. 283.)
P e t e r b o r o u g h R R . —W ilto n to G reenfield, N . H ., 1 0 *2 miles.
L eased A p r il 1,1893, to Boston & L o w e ll fo r 93 years at 4 p. c. on
stock and expenses. C apital stock $385,000; par, $ 10 0; d iv., A . O.
P e t e r s b u r g R R . —See A tla n tic Coast L in e Co. o f V irg in ia .
P h i l a d e l p h i a Sc R a l t l m o r e C e n t r a l R R . —W est Pnila. to
O ctoraro J c.,M d ., 63 m iles; W a w a to W est Chester, P a., 9 m. (double
track, 13 in.); branch, 2 in.; leased, Chester Creek R R .. 7 m. Phila. W il
m ington & B a ltim o re R a ilro a d holds $2,497,150 o f the $2,499,189
stock, and road is a p a rt o f P en n sylva n ia system . Fiscal y e a r ends
Oct. 31. F o r 1900-01 gross earnings, $913,595; net, incl. other incom e,
$160,764; charges, $172,875; def. under charges, $12,111.
P h i l a d e l p h i a B a l t i m o r e Sc W a s h i n g t o n R R . — (See Map
Penn. R R .) —O perates from P h ila d elp h ia to W ashington, D. C., and from
W ilm ington, D el., to D elm ar, D el., w ith branches as fo llo w s :
L in e s c on trolled , leased, etc.—
L in e s owned—
M iles.
Ph iladelph ia to B o w ie, M 3.,v ia
Ph iladelph ia 6s B alt. CentralU . 80
B a ltim o re (a ll double tra c k ). 119 D ela w a re E R .U .......................... 258
B o w ie to P o p e ’s C reek, M d ___ 49 D ela w a re Md. 6s V a .U ............... 98
Branches to D ela ware C ity, etc. 42 o th e r lin es (5 )___ -.................... 58
1
T o ta l (1 see this c o m p a n y )...704
1
O r g a n i z a t i o n .— A consolidation in A u g., 1902, o f the P h ila d elp h ia
W ilm in g to n & B a ltim o re R E . and B a ltim o re < Potom ac R li. Stock,
fc
$2®,350,450, in $5o shares, m ostly ow n ed by the P en n sylva n ia R R .
and B a ltim o re & Potom ac R R . V. 75, p. 395.
D iv id e n d s . $ 1868-87 '88 ’ 89 ’90 ’91 ’ 92 ’ 93 ’ 94 '95 '96 to '02.
P e r c e n t. ( 8 yea rly. 7
7
6
6
7 7 % 7 6 *2
7
In 1 9 0 ), Jan., 4 p. c.; J u ly, 3 p. c,; in 1902, Jan., 4 p. o.; J u ly, 3 p. o.
B o n d s . — Th e bonds Issued b y the P h il, W ilm , < Balt, are a ll to be
&
secured by any fu tu re m ortgage; see page 4 h u t . of A p ril, 1895.
M o rtga g es and grou nd rents 1901, $163,765. Consolidated m o rtgage
bonds will be issued to pay p a rt o f cost o f W ashington union Unm luaie
ana take up a t m a tu rity the $12,430,000 old bonds. V. 7,>, p. 185.
E a r n in oh—10 mos., > 1901-2....... Gross, $9,990,278; net, $3,174,019
N o v. 1 to A u g. 31. \ 1900-1....... Gross, 9,727,778; net, 3,010,819
a n n u a l R e t o r t .- Y ea r ends O ctober 31. R ep ort fo r 1900 01 was In
V. 74, p. 526, show ing gross, $11,808,049; net, $3,748,80 7; other
Income, $612,600; Interest, taxes, rentals, etc., $2,072,065; dividends,
$827,354; bal., sur. fo r year, f l ,<101,388, appropriated to ex tra ord in ary
$
expen ditu re fund. (V . 74, p. 152, 5 2 6 ; V- 75, p. 136, . 9;>.)
<V < llie » 4 c r V a l l e y R R . — Road from B ridgeport
to I m w n l n g t o n , Pa.. 22 miles. Chartered i n 1888. Capital stock (par
$50) Is, comm on, $550,000; preferred. $205,100; total, $755,100, o f
which R eadin g Com pany ow ns $454,450 common and $205,100 p re
ferred, or w h i c h $450,000 com m on and $205,100 preferred are depos
ited under its general m o rtg ag e o f 1897, The Heading C om p an y)
guarantees the bonds, wi t h In terest roduootU Hon V. 63, p. 1064.
I*1i I1h d e l p l l l u A E r i e St IC.—4 See M ap Penn. H U .) Owns Huubtiry
to E ric, Pa,, 288 m iles; branches, 17 m.; double track, 89 m U o s .^ o il
INVESTORS’ SUPPLEMENT
114
[V ol ,
M A P
Manisti
Delta
M
Russell
M etropolitan
O F
LXXV.
T H E
PERE MARQUETTE
RAILROAD
AND CONNECTIONS.
Pes.
burgeon Bay
Frankfort!
S.FrankfoVtlP- AN N
Ce.waunee
M A N IS T I
it° w ° c
vpm ,
ifin r x r
- 0 S o il
LUDINGftS^
Amt
.......
PENTV/ATER/
A
' m
,
yy^
3 ?
!r tw A U K E E
Lake HarScd
Ferryspu
October,
1902 |
RAILROAD STOCKS AND BONDS,
115
tiotut#—jE'riuoiIN T E R E S T O R D IV ID E N D S .
pal,When D a «,
Miles Date Size, or
Am ount
Rate per When Where Payable, and by Stocks—Last
of
Par
of
For explanation o f column headings, &o., see notes
Outstanding
Payable
Whom.
Cent.
Road. Bonds Value.
Dividend.
on first page o f tables.
R A IL R O A D S .
305
Phila . c B rie — Common stock ($10,000,000 author.)
C
305
Special stock, 7 per cen t........................................
Gen. M. (now 1st) gold, guar. p. A i. by Pa. RR..C 305
305
do
do
($5,263,000 are 5s)..................... r
P h ila . <t F ra n k fo rd —1st M., $500,OOO, g u . f i n P . c *
30
Phila. Germ. <■N o rris t'n —Stock rental., P. & R. Ry.
£
47
Phila. H arrisburg < P ittsburg—1st mort., gold.e*<fcr
£
22
Phil. Newt’n <£N. r . —1st M., gold (see te x t) — .. .c*
P h ila d e lp h ia & R e a d in g R y . — Se e R e a d in g C O M P A
27
Phila . <t Trenton—Stock 10” p. c. rental, Penn R R . .
___
Piedm ont <6 Cumberland—Stock, 5 per cent rental.
29
1st mortgage, gold, interest r e n ta l.M e ............ o*
75
P in e Greek—1st M., guar. prin. and interest (end.)r
8
P iq u a ce T ro y —1st M., $250,000. g., gu. p. & i ...... o
....
Pittsburg Bessemer <£ L . E . — Com., 3 p. e. re n ta l---•
Pref. stock, 6 per cent cum., guar, by re n ta l___ _
i.34
Pittsb. Shen. & Lake E rie, 1st m ort., gold-C e.-c"
151
Consol. 1st mort., fo r $4,800,000, go ld .O e. ..o*
.193
Pitts. B. A L.E ., consol. M., $10,000,000, g Us.c*
193
Debentures, gold, $2.0.00,000. See t e x t . G P i . . .
....
Bessemer eq. trust, $75,000, g., ea. Ju ly l . G P i .
... .
Conneaut equip, trust, part due yearly, g . F P i .
... .
Shenango equip, trust, part due yearly. g .I P I . .
G reenville equip, '.rust. $100,000 due y 'ly . g. G P i
B u tler equipment trust. $2,050,000 U P ! -------Pittsburg Chartiers < Tough’y—8tock, $1.000,000..
6
....
16
Gen.M. $1,000,000,g. ,gu.p.&i. (end.) F P i See tex t
Pittsb’g C incinnati Chic. < St. Louis—Com. stock 1,095
6
Preferred s to ck ............... .................................... 1,095
f Col. A Tod. Cent. Is tM . (Colum. to ln d . & br.).o*
208
208
■ Col. & Indianapolis Central 2d m ortgage...... c*
!
93
1Union & Logansp’t 1st M .(U ’n City to Logans.)c*
Ohio. St. L. & Pitts. con.M. ($22,000,000)g. tln.c<fcr 580
1869
1869
1892
1890
1892
$50
50
1,000
1,000
1,000
50
1,000
1,000
$7,985,000
2,400,000
8,680,000
11,143,000
f 00,000
2,246,900
2,000,000
1,417,000
See tex t
7 in 1901
6 g.
4 g .& 5 g .
4 g.
12
5 8See text.
Y e a rly .
J. & J.
A. & O.
F. A A.
Q .-M .
A & 015
A. A O.
Phila., Broad St. Stat’n.
Phila., Broad St. Stat’n.
do
and London.
Phila.. Broad St. Stat’n.
Phila., Comp’y ’s office.
Phila., 132 So. 3d St.
Phila., Comp’y ’ s office.
do
do
Ju ly 10,’ 02,2%
Deo. 31/01,7%
July 1, 1920
Ju ly 1, 1920
Aug. 1, 1922
Sept. 4 ,’ 02, 3%
Oct. 15, 1925
Oct. 1, 1942
100
50
1,000
1,000
1,000
50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
1,000
100
100
1,000
1,000
1,000
1,000
10
See text.
Q .- J .
F. A A.
650,000
5
F. A A.
650,000
5 g.
6
J. A D.
3,500,000
225,000
4 g. M. A N.
10,000,000
3
A. A O.
J. A D.
6
2,000 000
3,000,000
5 g. A. A 0.
658,000
5 g. J. A J.
6,342,000
5 g. J. A J.
2,000,000
5 g. J. A D.
J. A J.
300,000
6
6
M. A 8.
350,000
725,000
5 g. A. A O.
1,000 000
5 g- M. A N.
2.0 >0,000
5 g. A. A O.
700,000 4 Jan.'00
316,000
4 g. A. A O.
24,757,107 3 in 1902 See te x t
22,698,566 4 in 1902 J. & J.
J. A J.
2,440,000
7
M. A N.
700,000
7
A. A O.
715,000
7
5
A. A O.
1,506,000
Phila., Company’s Office
Check from Co.’ s office.
Baltim .,Ham bletonACo
N. Y . Gd. Cent. Station.
[Tn. Sav. Bk. A Tr.,C in .
Check from Co.’ s office.
do
do
N. Y . Central Trust Co.
do
do
N. Y ., U. S. Trust Co.
Un. Trust Co., P ittsb ’ g.
Un. Tru st < o., P ittsb ’g.
Fid. Tit. & Tr., P ittsb ’ g.
Union Tr. Co., Pittsb’g.
do
do
do
do
Pittsburg, Office.
do
do
N. Y ., Farm. L. A T. Co.
N .Y .,Farm ers’ L ’n A T r .
N. Y ., U nion Trust Co.
do
do
do
do
do
do
O ct.,’02, 2^3%
Aug. 1 ,’02, 21*
Aug. 1, 1911
Deo. 1, 1932
N ov. 1, 1939
Oct. 1, ’02, H *
June 1 ,’ 02,3%
Oct. 1, 1940
Ju ly 1, 1943
Jan. 1, 1947
June 1, 1919
J’ly 1,1903-06
Mch. 1, 1903-8
Apr. 1, ’04-M3
M ay 1. ’ l l - ’20
Apr. 1, 1921
Jan. 15,'00,4%
A pr. 1, 1932
Aug.15,’02,11*
J u ly l5 ,’02, 2%
Nov., 1904
N ov., 1904
Deo., 1905
Oct. 1, 1932
NY.
1886
1885
1900
....
1890
1893
1897
1899
1897
189»
1899
1900
1901
1892
____
1864
1864
1865
1883
O f the stock $5,500,500 com. and $500,100 pref. are owned by the
Carnegie Co. and deposited under its collateral m ortgage. Leased
fo r 999 years from A pr. 1, 1901, to the new Bessemer & Lake E rie
RR., a subsidiary organization o f the ' arnegie Co. fo r 6 per cent on
pref. and 3 p. c. on common stock, interest on bonds and organization
expenses, eto., the lease being guaranteed b y the Carnegie Co. V.
72, p. 137. Through Carnegie Co is controlled by U. 8. Steel Corpo’ n.
D i v i d e n d s .— On pref., 3 p. o. 1899. In 1900,6 p. c.; since under
lease, 6 p er cent y e a rly on pref. and 3 p. o. on common.
B o n d s .— Debentures o f 1899 m ay be called a fter June 1,1909, upon
company p ayin g *2 per cent fo r each year o f u nexpired term.
The P. B. & L. E. m ortgage o f 1897 is fo r $10,000,000 (trustee United
States Trust Co., N. Y .), covering a ll the railroad, property, rights and
franchises o f the consolidated company, including the agreem ent w ith
the Carnegie Steel Co., Lim ited, and the Union R R. Co. O f the 5s o f
1897 $4,800,000 reserved to retire Pittsb. Shenango A Lake E rie bonds.
R e p o r t .— R ep ort fo r year 1899 was in V. 71, p. 285. Ton m ile rate
in 1899, 0 364 cent. Train-load m 1900 about 950 tons.
Balance......................... sr.$176,168 sr.$141,369sr.$101,221 sur. $2,314
Other
Interest,
D iv .
Balance,
— (V. 72, p. 340, 3 8 8 , 8 7 1 ; Y . 74, p 3 8 0 ,5 2 6 ; Y . 75, p. EO.)
Year.
Cross.
Net.
income, taxes, etc. on p re f.
deficit.
P h i l a d e l p h i a & F r a n h f o r d R R . —Owns from Crescentville to 1900 , . $2,338,332; la ter earnings not published.
1899...... 1.854.287 $774,568 $ 2 ,1 0 ' $753,858 $48,407 $26,591
Frankford, Pa., 2-6 miles. The $500,000 stock is owned b y Reading
Pres., James H . Reed, Pittsbu rg.—(V. 72, p. 1 3 " ; y . 75, p. 185.)
Com pany o f which $498,950 is deposited under its m ortgage o f 1897.
In 1898 interest on bonds reduced from 5 to 4 per cent, principal and
P i t t s b u r g C a r n e g i e Ac W e s t e r n R * —Under construction as
Interest being guaranteed b y Reading Co.—(V. 67, p. 1358, 1357.)
an extension o f the W heeling A L ake E rie RR. from near Jew ett, O.,
to Pittsburg, Pa., 60 miles; expected to he completed early in 1903. The
P b l l a . G e r m . Sc C h e s t n u t H i l l R R . —See Connecting Ry.
P h i l a d e l p h i a G e r m a n t o w n Sc N o r r i s t o w n R R . —Phila., i 20-mile lin k with the W. A L. E. to be b ilt under the charter o f the
Pa., to Norristow n and Germantown, Pa., 20*66 miles; second track, i Pittsburg Toledo & W estern R R. V. 74, p. 1090, 1197. To form , in
20 miles; 3d track, 2-59 miles; total track, 102-4 m.; leases Plym outh connection with the Wabash, an independent route to Pittsbu rg fo r the
Missouri Pacific and associated lines. A contract p rovid in g a large
RR., 9 miles. Leased Novem ber 10,1870, to Philadelphia & Reading
fo r 999 years at a rental o f $277,623 and $8,000 yearly tor organize, tonnage is reported to h ave been made with the Carnegie Co. (now
contr lied by the U. 8. Steel Corp.) Stook authorized, $2,000,000,
tion expenses.
all of one class; all outstanding. N o bonds had been issued in Jan,,
P h i l a d e l p h i a H a r r i s b u r g Sc P i t t s b u r g R R . —H arrisburg, 1902. a syndicate supplying the funds fo r construction fo r the present.
Pa., to Shippensburg, on the W estern M aryland RR., 47 m.; 2d track, (V. 73, p. 445, 616, 663; Y.'74, p 1090; V. 75, p. 498.)
3-38 m.; sidings and laterals 17-47 miles. Leased October 15,1890,
P i t t s b u r g & C a s tle S h a n n o n R R . —V. 72,p.439; V. 74, p. 1309.
fo r 999 years at 5 p. c. on stock, interest on bonds, taxes and
P it t s b u r g - C l i a r t i e r s Ac Y o u g h i o g h e u y R y . —Owns from Charexpenses to the Philadelphia- & Reading H R., which b y endorsement
on each guaranteed the bonds, principal and interest. Lease assumed tiers to Beeehmont, 18 m . ; trackage (Chartiers R y.), 2 m .; 20 miles in
in 1896 by Philadelphia & Reading R ailw ay. Stock, $2,000,000 (par,
all. St o c k authorized, $1,000,000; par, $50; outstanding, $700,000,
$50),owned b y Reading Co., o f which $1,995,000, along w ith $1,472,000 owned jo in tly by guarantors m entioned below . D iv id e n d s —In 1895,
4 p. e.; 1896,11 p. c.; 1897, none; 1898,7 p. e.; 1889, 1 p. o.; 1900,
of the bonds also owned b y the Reading Company are deposited under
4 p. c. O f the 4s issued, or to be issued, one-half are to be en
its general m ortgage o f 1897. M ortgage is fo r $2,000,000.
P h i l a d e l p h i a N e w t o w n Sc S e w Y o r k R R . —Philadelphia to dorsed w ith the guaranty o f the Pitts. Cin. Chicago & St. Louis, the
New tow n, Pa., 22 miles; sidings and laterals, 3-42 miles. S to c k - other h a lf w ith the guaranty o f the Pittsbu rg A Lake Erie. See guar
common, $1,225,000; preferred, $400,000; par, $50. O f the bonds, anty, V. 56, p. 650. The $308,000 first 6s w ere paid at m atu rity on
Feb. 1, 1902, in cash borrow ed at 4 per cent per annum. In year end
$849,100 (w ith coupons only p artly paid—see V. 64, p. 331), are owned
ing Deo. 31, 1901, gross, $236,682; net, $77,822.
by the Reading Co. and deposited under its general m ortgage o f 1897.
P it t s b u r g C in c in n a t i C h ic a g o Ac St. G o u ts R y . - f & e M a p .)—
In October, 1898, interest on $507,000 bonds w as reduced to 3 per
cent, from A p ril 1, 1897,. and made a first charge, that on rem ainder
Lines owned.
Miles.
L i " es leased—Con.—
Miles.
of issue being le ft at 5 per cent subject to said agreem ent. V. 68, p. Pittsburg,Pa., to Chicago,111, 509 Ohio Connecting R y ..........3
773. Current lia b ilities June 30, 1901, $272,589.
Rendcomb Jc. to Anoka J o ... 166 Pitts. W heeling A K y ......
28
P h i l a d e l p h i a Sc R e a d i n g R R . —See R e a d in g C o m p a n y .
Bradford Je. to Indianapolis. 104 Eng. Connecting Ry. in Chic.
2
5
P h i l a d e l p h i a Sc T r e n t o n R R . —Phila. (Kensington), Pa., to Indianapolis to Jefferson ville 108 Other lin es.........................
M orrisville, Pa., 24 miles, m ostly four-tracked, and branch 3 miles. On B ra n ch es............................... 208
Operated un d er Uieir own
June30, 1871, leased, w ith the United Cos. o f N. J., for 999 years to the
o rg anisalion —
T otal o w n e d ........................1,095
Penn. RE. at 10 p. c. on $494,100 stock, the tota l issue being $1,259,Trackage—
Pittsburg Chartiers & YoughIndianapolis to K o k o m o .................55 logheny R y .....................
100, the balance being owned by the United R R . o f N. ,J.
19
5 Cinoin. & Musk. Val. R R . 149
P i e d m o n t Sc C u m b e r la n d R y . —Road from W .V. C. Junotion,W . Lou isville Bridge, eto............
28
Va., to Cumberland, Md., 29 m. U nder the new lease o f ’ 99 the W. Va. Lines teas’cf (USee these co’ s.) Miles W aynesburg A Wash. R R ___
23
Co. & P itts Ry. receives all revenues and pays all expenses, 5 p. o. int. on H Chartiers..............................
T otal o f all A pr. 1,1 902...1,604
1
bonds and 5 p. e., F .A A . on stock, of which it owns 92 per cent, V. 1 L ittle M iam i....................... 192
69, p. 590, 592; V. 73, p. 785. Previous dividends: 1894, 5p. o.; 1895,
O r g a n iz a t io n , A c .—Form ed in 1890 by consolidation (per terms in V.
6; 1896, 6; 1897, 5; 1898, 4; 1899,4.— (V. 69, p 492; V. 73, p. 785.)
50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison A
P i n e F l u f f ' Sc W f K t c r n R y , —Pin e B lu ff to Sheridan, Ark., 25 Indianapolis, Cincinnati & Richmond and Pittsburg Cin, & St. L. Con
miles, completed or under construction In Sept., 1002; extension of trolled by Pennsylvania Company through ownership o f stock.
main line to Benton and additional branches arc proposed. Con
C a p i t a l S t o c k .— The stock authorized is; Common., $45,000,000;
trolled hy S aw yer < Austin Lum ber Co,, l.a Crosse, Wls. Stock au preferred, $30,000,000; par, $100, Outstanding A pr. l , 1902, common,
V
thorized in Hepr., 1. 02, to be increased from $250,000 to $1,750,000. $24,757,107; preferred, $22,698,506. Stock listed to A pr., 1902,
The stockholder-*, on Sept. 7, 1902, were to authorize a bond issue. common, $25,539,300; preferred, $24,000,000. Suit V. 08. p. 381; V.
President, W. W C argill; Sec, andTreas., J. H. M cM illan. Office, Pine 69, p. 1248; V. 70, p, 126. O f the preferred stork, $15,000,000 Is
Bluff, Ark. (V. 75, p. 408.)
pledged as collateral under Penn. Co. trust certificates o f 1901.—Y . 73,
P i n e C r e e k I l y . —Owns Stokesdale Junction, on the P a ll Brook 1). 957.
The preferred stock is “ non-cumulatlve and entitled to a dividend
Road, to N ew berry Junction, Pa., 75 miles. O r g a n iz a t io n . • -N. Y.
Centra! controls the capital stock and leases the road for 999 years, o f 4 per cent per annum out o f the net earnings as declared by the
from May 1, 1899, for $35,000 yearly, payable quarterly, Q, F., bond Board, with the right after 3 per cent; has been declared on the
Interest and taxes.- V. 08, p. 379, 573, 773, 872. The 1st m ortgage Is common to an additional 1 per cent, making 5 per cent in a ll."
guaranteed by the Reading and the New York Central, Jointly and A fte r 5 per cent On both common and preferred, the tw o share pro rata.
severally. See form o f guaranty, V. 56, p. 050. Stock, $1,000,000
D iv id e n d s .— / ’91. 1892-03. ’94. ’95. ’ 96. ’ 97-’98. ’ 09, ’00. ’01. 1902.
(par, $50); July 1, 1902, N. Y. Centra) owned $999,000. (V. 08, p. 573.) On pref. p. o.— $ 3 4 yearly. 2
0
2
0
3
4
4
4
On emu., 1 p.o., Aug. 15, ’01; in ’02, Feb. 15, 1 p. o.; Aug., I
p. e.
P l t t n b u r g B i n u r m i ’ r Sc L a k e U r i c R R . —(Her. M ap.) Owns
line completed in August, 1897, from Bessemer, near Pittsburg.
S t o c k o r O l d C o m p a n i e s unoxehangod A p r . 1, 1902; Pittsb. CinPa., to Cormeaut Harbor on Lake Erie, and W allace Junction, Pa., 155 A Bt. E, common, $27,000, Chin. Ht. Lou Is A. Pittsb., common, $447,miles; terminal in Erie. etc.. Pa., 2 miles; branches, 11 m iles; leases 207, and preferred, $0,052; Steubenville A Indiana, common, $81,072,
M eadvllie Conusant Lake A LinesvlHe RR., Lln esvlile to M eadvllle, 22 and preferred, $750; Jell'. >M St I., $5,000.
.
miles; trackage to Cascade, near Erie, etc., 13 miles; total, 203 miles.
B o n d s . -The c o n s o lid a te d m o rtg a g e for $75,000,000 (Farm ers’ Loan
O r g a n iz a tio n -, Et c . A consolidation Jan. 14, 1807,o f the Pittsburg A T ru s te e , o f N.Y. and W. N. Jackson, trustees,) covers the entire prop
Shenango A I.n.ke Erie and the P.utler A Pittsburg. Lurries Iron ore erty, Sufficient consols are reserved for the purpose o f retiring all sec
south and coal north. Bee V. 63, p 1159; V. 05, p. 152. Controls boat tional bonds at m aturity, at whioh tim e they must be paid off. The
lines for coal transfer to Canada. Bee V. CO, p. 872; V. 61, p. 241.705. remainder are loanable for Improvements, additions eto. They are
O r g a n i z a t i o n , L e a s e , A c .—F orm erly Simbury & Erie.
Leased to
Pennsylvania R E . Co. fo r 999 years, and actual n et receipts paid as
rental. Pennsylvania R R. owned Dec. 31, 1 9 0 ', $3,499,800 common
and $2,400,000 special stock and $3,944,000 general m ortgage bonds,
and city o f Philadelphia (sinking fund) $2,250,000 common stock.
D i v i d e n d s .—On common in 1892, 2 p. c.; 1894, 2 p. o.; 1901, 2 p. c.;
1902, July, 2 p. c. On “ special,” 1888-93,7 p. c. yly.; *94 to ’ 96, none;
, 9 7 ,2 p .o .; ’ 98 and ’ 99, 4 p c.; 1900, 7 p. c.; 1901,7 p. o.
E a r n in g s .—8 months, > 1902 ...... Gross, $4,056,683; net,$1,36$,274
Jan. 1 to A u g. 31.
$1901...... Gross, 4,294,114; net, 1,680,527
A n n u a l R e p o r t .— R ep ort fo r 1901 w as given in V. 74, p. 526.
Tear end. Dec. 31—
1901.
1900.
1899.
1898.
Gross earnings................ $6,789,689 $5,821,626 $5,348,029 $4,574,443
T o ta l net incom e............ 2,725,740 2,086.010 1,664,235 1,317,918
In terest on debt.............. 1,019,150 1,019,150 1,019,150 1,019,150
In terest on special stock.
168,000
168,000
96,000
96,000
In terest on equipm’t, Ao.
1,362,422
757,491
447,864
200,454
INVESTORS’ SUPPLEMENT
116
c°&
[V o l . l x x v .
>w,
Simcoe'
w
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Rainham
t r u n k
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silver Cree&
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55
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Lockport
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I
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Swanville
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X I
PITTS.
PITTSBURG, BESSEMER
)elano
Odell
.-^este'F
Butier
C a lle r y Jc.xJ
Mars 0
3
D ow ney ville
Beaver
PIUS;
^ J M e h a rg
Houseville
■Valencia! .
JD
c
It.
Glb8onla
"Wood lawn
■a .
*Wlid wood I
v*
W
*ft
Culmervi!
LAKE ERIE RAILROAD
llegbeny Jl
».
BESSEMER & LAKE ERIE R. R. Lessee.
jeechburg
ipollo
Semples!
E lfin wood J
oTKendadL
Montour Jc
-
ve
^ ^ fla r m a r v ille
•pRlackXick:
Coal W orks
North Bessemer
Blai rsville
Im p e ria l
Birniingh^i^^JTB ESSEMER
Mansfielclp
S te u b e n v ille
AND
B
B
❖
Rura/Ridge
I c>
’J le llo jr Cr..
X lh o t'te llle 1
pats
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M A P OF T H E
/W urtenfburg
Homewood
\
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.
'Wampum
W
F®.
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mxsutawnev
Mahoning
SE
lT
>yOMEST[EAD
UQUESNE^
Blaireville
R.
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_
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RAILROAD STOCKS AND BONDS.
altoiN&Ov^
Jennings
^^Caddilac
^
Osceola Jc.
6.
*.
\
” Mirl
A
V
Pomc^py^
1902.1
R
G
\
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O cto ber,
I
I
N
D
A
j
M A P
O F
T H E
PITTSBURGH, CINCINNATI,
CHICAGO & ST. LOUIS
R AILW AY.
118
| VOL. L X X V .
INVESTORS’ SUPPLEMENT.
#o vnt» —ir'ruioiIN T E R E S T O R D lVlD EJN Ea.
___________________ K A IL B O A D 8 .____________________
D ate Size, or
pal,W hen Due.
A m ou nt
Par
of
of
F o r explanation o f column headings, Ac., see notes
R a te per W hen W here P a ya b le, and by Stocks—Last
Road. Bonds Value. Outstanding
on first page o f tables.
Cent.
P a ya b le
Whom.
D ividend.
P itts . Oin. Chic. & S t.L .—(C o n .)—% A In d. 1st M .r
t.
Jeft’n ville, Mad. A In. 1st M. (s. f. draw n a t llO ). c
2d m ort., Jeffersonv., K y ., to Indianap. A b r’h.c
| “ A ,” g.C^
Con. M ., $75,000,000, gold, guar. p.<fe i. j \
\
(end.) by Pen n sylva n ia C o m p a n y .F ] «, jy
f
1864 $1,000
1866
1,000
1870
1,000
1890 1,000
1892 1,000
1892 1,000
1,095
1895 1,000
1899 1,000
O h io RR.
470
....
100
470 1871
100
468 1862 500 Ac.
468 1862 500 Ac.
468 1862 500 Ac.
3 1901 200 &o.
116
222
222
( “ E ,” g!c*
P itts b u rg Cleveland & T o le d o -See B a l t im o r e A
Pittsb.Ft. Wayne & G — Gen. stk., 7 p. c. guar. Pa. R R .
Guaranteed special imp. stock, 7 p. c. guar, b y end
1st m ortgage, series A to F \ Sink, fund, cumula- >
2d
do
series G to M $ tiv e , not draw n , c* 5
3d m o rtg a g e..............................................................
Pitts. J.Eb.dbE.- A .A B C .T er.R R .,ls tM .g.,g u p.&i c*
Pittsburg J u n ction —See B a l t im o r e & O h i o .
Pittsburg & L a k e E rie —Stock, auth. $8,000,000___
1st m ortgage, g o ld ................................................. c
71
2d m ortgage, gold, Series A . A B . N .....................c
71
P ittsb u rg L isb on < Western—M ort., $1,000,000 .
&
P. L. A W. R y., 1 st m o r t g a g e .............................. .
25
__
Pittsburg M cK . & Tough.—Stock, guar., see t e x t . ...
1st m ortgage, guar, by P. A L. E. and L. S. A M. S.c
57
2d M.,gu.p.<fci. (end.) b y P . A L . E. and L.S . A M . S.c
57
M cK eesport & B elle Vernon, Is tM ., g., ass’ d. F P i
28
Pitts. Ohio Val.dt G in.—1st M. g., s.f. n otd rn F P . c *
15
P ittsb u rg Paivsesv. < F a irp o rt—See B a l t im o r e A O h io
&
Pittsb. Shawmut <& o .— Is tM . g.,$12,000,000C olc*
N
N e w m o rtgage, gold, $15,000,000................ ......
Pittsb u rg Shenango < L . E .—See P it t s b u r g B esse MER A
&
Pittsburg V irg in ia < Charleston—Stock ($6,000,000)
&
84
Cons. M .,n o w 1st. g., s. f., not d r’n, ser. A G P c*
84
a Sinking fu n d N o v. 1, 1902, held $2,204,000 additi
1878
1889
50
1,000
1,000
1896
1884
50
1882
1,000
1884
1,000
1,000
1888
1890
1,000
RR.
1,000
1899
1902
L a k e E r ie .
50
1895
1,000
onal.
guaranteed unconditionally as to principal and in terest b y the P en n
sylva n ia Company. The five series are all eq u a lly secured. S ef adv.
in C h r o n i c l e M ay 21,1892, and gu aranty on bonds, V. 56, p. 604.
L a t e s t E a r n i n g s .— F o r 8 months en din g Aug. 31:
8 months—
Cross.
Net.
Charges.
Balance.
1 9 0 2 ............. $14,619,158
$3,888,284
$2,713,239
$1,175,045
1 9 0 1 .............. 13,227.991
3,704,196
2,463,029
1,241,167
A n n u a l R e p o r t .— R ep o rt fo r 1901 a t len gth in V. 74, p. 722, 779.
Year ending Dec. 31.
1901.
1900.
1899.
M iles operated (system proper)
1.156
1,156
1,151
Gross earnings.............................$20,683,174 $19,012,677 $18,104,426
N e t earn in gs.........................
5,996,6^1
4,948,651
5,043,190
M iscella n eo u s........................... _ x 220,815
141,351
x77,996
T o ta l n et earn in gs.............. :l 6,217.436
$5,090,002
$5,121,186
$2,260,180 $2,417,666
In tere st on bonds...................... $2,161,601
R en tals p a id ...............................
132,239
131,193
133,132
Car trusts (including in te r e s t).
224,355
205.830
88,582
M iscella n eo u s............................ *1,800,990
*1,037,386
*770,725
D ividends on p re fe rre d ......... (4% )907,870 (4% )907,670 (3ifl%)793998
D ividen d on comm on
___ (2^ % )61 8,832
.....
...........
Balance, surplus..........................
$371,549
,$547,743
$917,083
* In clu des ex tra o rd in a ry expenditu res in re visin g grades, alignm ent,
etc., etc. x Includes p ro fit in op era tin g L it t le M iam i RR. and St. L. V.
A T. H . R R — (V . 74, p .4 7 8 , 7 2 2 , 7 7 2 , 7 7 9 ,1 3 5 6 ; V. 75, p. 733.)
P i t t s b u r g C l e v e l a n d & T o l e d o R R . —F rom N ew ca stle Junc
tion, Pa., to A kron , O., 77 m iles. In Jan., 1902, the B altim ore A Ohio
R R . p led ged as p a rt secu rity fo r its ow n P ittsb u rg L a k e E rie A W est
V irg in ia system 4s $1,505,000 o f the $3,000,000 stock.
‘ E a r n i n g s .— Y e a r 1900-01, gross, $1,318,301; net, $467,151; in terest
and taxes, $385,532 ; balance, surplus, $86,619. In 1901-02, J u ly 1 to
Jan. 31, gross (7 m os.), $916,653; in 19004)1, $714,049.— (V. 70, p. t33.)
P i t t s b u r g F o r t W a y n e & C h i c a g o R y .—(See Map Penn. R R .)—
R o a d .—Owns from Pittsbu rg, Pa., to Chicago, 111., and br., 470 miles.
D ouble track, 271 m iles, o f which p a rt w as bu ilt in 1893. In Ju ly, 1900,
66 m iles o f additional second tra ck w as under constriicLion.
L e a s e , A c .—Foreclosed Oct. 24, 1861, and reorganized. F rom Ju ly
1, 1869, leased in p erp etu ity to the Penn. R R .; ren ta l pays in
terest, sinking fund o f deb t and 7 per cen t on stock, p a ya b le Q.-J. Th e
lessee keeps road in repair and pays taxes and expenses.
In Ju ly, 1901, an e x tra d ivid en d o f 2 per cen t w as declared on both
stocks, bu t it w ill be x>aid on the gu aran teed special stock on ly In case
the courts hold th at stock en titled to it. V. 72, p, 821, 1188.
C a p i t a l S t o c k .— Th e special im p rovem en t stock is issued to P e n n
sylva n ia R R . fo r im provem ents, Ac., under article 16 o f lease, which
?rovid es that the lessor m ay issue special bonds o r stock. See V. 50, p.
39, and w o rd in g o f endorsem ent in V. 56, p. 774. T h e special stock
is in all respects subject to the gen era l or p rio r stock and “ to the
righ ts o f holders o f said gen era l o r p rior stock to h a ve distribu ted to
them in q u arterly instalm ents an annual dividend fund o f $1,380,000
fr e e o f a ll ta xes.” This special stock is issued fro m tim e to tim e fo r
betterm ents; in 1898, $335,300; in ’99, +824,907; in 1900, $1,002,700;
in 1901, $1,291,200. O f the $22,015/ 00 guaranteed special stock out
standing Jan. 1, 1902, the Penn. R R . and Penn. Co. ow n ed a ll but
$1,172,400.
B o n d s .— Th e first m ortgage is in series o f $875,000 each and second
m o rtg a g e o f $860,000. O f the above 1st m o rtgage bonds, $2,919,500
and o ! the second m ortgage $3,147,500, and $2,626,140 cash, w ere held
in the sinking funds Jan. 1, 1902.
R e p o r t .— R e p o rt fo r 1898 in V. 69, p . 127.
In 1901 p ro fit to l e s s e e
w as $871,065; in 1900, $349,305.— (V. 72, p. 1188 V. 73, p. 663.)
P i t t s b u r g J o h n s t o w n K b e n s b u r g & F a s t e r n R R . — (P a rt
3-ft. gau ge). Owns F ru g a lity to Ph illipsbu rg, Pa., 34 miles; leases
fo r 990 years A lto na A Beech Creek T erm in a l R R ., Ju niata Junc
tion to A ltoon a , 3 x miles, gu aran teein g its $150,000 5 p ercen t gold
4
bonds, prin. and li t. V. 73, p. 81, 139. Stock au thorized, $1,500,000; outstanding, $1,200,300; no bonded or floatin g debt in July,
1901, e x cep t $60,000 20-year 4 p. o car trusts, dated June 1,1900,
draw n $3,000 y e a ily fo r the sinking fund. Year en din g J u n e ; 0.1901,
gross, $86,491; net, $38,107. Chairm an o f board. John F. Fin n ey;
Presiden t, Samuel P. Langdon. Philadelph ia, P a .—(V. 75, p 442.)
P i t t s b u r g .F u n c t io n R R . —See V. 67, p. 688, 788, 954, 1056. B.
A O. is in control, o w n in g all o f the securities ex cep t $845,150 com
mon stock, $959,000 first 6s $270,000 second 5s and $219,000 T e rm i
n al Co. 5s. See B. A O. and V. 69, p. 1063, 1192 and V. 70, p. 77.
P i t t s b u r g A: L a k e E r i e R R . —Owns from Pittsbu rg, Pa., to
You n gstow n , O., 68 miles; branch lines to N ew castle, Pa., 3 m ile s ; total
ow ned, 71 m iles (o f w hich 67 double track) ; leases Pitts. M cK eesport A
Yough. (which see), 103 miles; M ahoning State Lin e RR ., 3 miles, and
B eaver A E ll w ood RR., 3 m iles ; other, 4 in.; tota l operated, 184 miles.
O w ns $139,850 stock o f P itts. Chartiers & Yough.
P. & L. E.
is operated in interest o f L . S. & Mich. So., which owns $2,050,000 o f
stock. T h e stockholders vo ted on Jan. 28, 1902, to increase the
stock to $8,000,000, to p ro v id e fo r im provem ents, in clu ding the
fou r-tra ck in g o f the lino from Y o u n gstow n to M cK eesp ort, etc.,
$2,00o,000 o f the new stock bein g issued A u g. 1, and balance to be as
required. V. 74, p. 152. Real estate m o rtgage Deo. 31, 1901, $162,500.
D i v i d e n d s .— } 1884 to 1891.
1892.
1893 to A u g., 1902.
P e r cent. < 6 y e a rly .
8
10 yearly.
$3,000,000
a739,000
1.975.000
10,000,000
8.786.000
1.379.000
4.983.000
11,254,000
5
7
7
4*2 g.
4ha g.
4 ^ g.
4 g.
=
3 iflg .
J.
A.
J.
A.
A.
M.
M.
F.
A
A
A
A
A
A
A
A
J. N. Y ., N a t’l C ity Bank.
O. N. Y ., F a rm ers’ L ’n A Tr.
J.
do
do
0.
do
do
O.
do
do
N.
do
do
N.
do
do
A.
do
do
19,714,286 See text. Q .- J . N. Y ., W inslow , L. A Co.
do
do
22,615,100 See text. Q .- J .
Various
5,250,000
7
do
do
5,160,000
7
Various
do
do
2,000,000
7
A. A O.
do
do
150,000
5 g. J. A J. Com T it.I.A T r .C o Ph il.
6,000,000 10 in ’02
2,000,000
6 g.
2,000,000
5 g.
See tex t.
1%0,000
5
3,959,650
6
2,250,000
6
900,000
6
600,000
6 g.
290,000
5 g.
112/00
5,888,000
5 g.
4 g.
Jan.
Oct.
Ju ly
Oct.
A pr.
N o v.
N o v.
A u g.
1,
1,
1,
1,
1,
1,
1,
1,
1914
1906
1910
1940
1942
1942
1945
1949
Oct. 7, ’0 2 , 1 \
Oct. 1, ’02, 13*
Ju ly 1, 1912
Ju ly 1, 1912
July 1, 1912
Jan. 1, 1931
F. A A. Pittsbu rg, Co.’s Office. A u g. 1/02, 5%
J. A J.
do
do
Jan. 1, 1928
A . A 0. N. Y ., Secu rity A Tr. Co. Jan. 1, 1928
J.
J.
J.
J.
J.
A.
A J. N .Y ., B ow l.G reen Tr.Co
A J. N. Y., U nion Trust Co.
A J.
do
do
A J.
do
do
A J. P itts b ’g, F id e lity Tr.Co.
A O. Ph ila., B road St. Stat’ n
F. A A .
F. A A.
3,772,400 7 in 1901 M. A N.
3,431,000
4 ^ g. A. & 0.
July 1, 1926
Ju ly, 1902, 3%
Ju ly 1, 1932
Ju ly 1, 1934
Ju ly 1, 1918
Oct. 1, 1920
C entral Tru st Co.
Feb. 1, 1949
Feb. 1, 1952
Ph iladelph ia Office.
do
do
M a y 1 ,’02, 3 %
A p r. 1, 1925
A n n u a l R e p o r t .— F o r y e a r e n d i n g Dec. 31, 1901, g r o s s , $8,047,167;
n e t , $1,789,171; t a x e s , $129,194; i n t e r e s t , $231,092; r e n t a l , $477,017;
o t h e r , $8,346; d i v . , (10 p. o . ) , $400,000; e q u i p . $533,000; b a l . , s u r .,
$10,522. In 1900, g r o s s , $ 7 ,1 4 5 ,0 2 3 .-(V . 74, p. 152, 268, 8 80.)
P i t t s b u r g L i s b o n & W e s t e r n R R . —N e w G alilee, Pa., to Lisbon*
0 . , 25 miles; Salem to W aeh in gton ville, O., 7 m., coal road, 3 m ilesi
tota l, 35 miles. Extensions are re p o rted to be proposed to Canton
A sh tabu la and E a st L iv e rp o o l, O., and in Pen n sylva n ia to a connection
w ith the Buff. Roch. A Pitts
A consolidation in Oct., 1902, o f the
P. L & W. R a ilw a y , the Salem R R . (V. 72, p. 937) and the Shenango
A B e a v e r V a lle y R R . o f Penn.
V. 75, p. 794. Stoc* authorized,
$5,000,000, a ll comm on. A new m o rtg ag e to secure $«,000,000 bonds
w ill be made, o f w hich $150,000 to be reserved to re tir e the presen t
issue o f the P. L. & W. R ailw ay bonds.
Y e a r en din g June 30, 1901,
(old com pany) gross, $63,094; net, $18,865; oth er incom e, $2,192;
charges, $9,456; bah, sur., $11,601.
Presiden t, N . B. B illin gsle y, L is
bon, O .- (V . 74, p. 728; V. 75, p. 794.)
P i t t s b u r g M c K e e s p o r t A Y o u g h i o g h e n y R R , —Owns from
Pitts, to N. H a ven , Pa., 57 m.; M cK eesp ort to F a y e tte C ity, Pa., 31 m.;
branches, 13 m.; leases 2 m.; tota l, 103 m., o f w hich 31m . double track.
L e a s e .—Leased to P ittsb u rg A Lake E rie R R . fo r 999 years. R en tal
is 6 per cent on the stock, prin cip al and in terest o f the P ittsb u rg M cK.
& Yough. bonds bein g guaranteed by Pittsbu rg & Lake E rie and Lake
Shore A M ichigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The gu aran ty o f the stock is on the
express condition that the h older shall accept par fo r the same on July
1, 1934. See w o rd in g o f gu aran ty in V. 56. p. 774. Stock authorized,
$4,000,000 ; first m tge. bonds authorized, $2,250,000 ; 2d m tge. bonds
authorized, $1,750,000.
P r o fit to lessee in 1901 $2,454, o f which
one-half w as p a ya b le to the L a k e Shore & M ichigan Southern.
P i t t s b u r g O b i o V a l l e y A C i n c i n n a t i R R . —Owns road B e llaire, O., to Pow hatan, O., 15 m iles. O perated fo r cost by Pen n sylva n ia
Com pany in connection w ith C levela n d A P ittsb u rg since Deo. 1,1892.
Stock, authorized, $1,500,000; outstanding, $300,000; par, $50. Trus
tee o f m o rtgage (fo r $1,500,000), F id e lity Ins., etc., Co. o f Phila. Y ear
en din g Dec, 31, 1901, gross, $4,880; def. under oper. exp., $23,022.
P i t t s b u r g P a i n e s v i l l e A F a i r p o r t R R . —Owns F airport, O.
to Y ou n gstow n , etc., O., 53 miles. In January, 1902, the B altim ore A
Ohio R R . pledged the $800,000 com m on fto c k and $219,300 o f the
$250,000 preferred stock as pa rt secu rity fo r its ow n P ittsb u rg Lake
Erie & W est V irg in ia System 4s. V. 9 2, p. 1188 F or 7 mon lis ending
Jan. 31, gross, $260,542 in 1901-2. against $296,285 in 1900-1.
F o r yea r 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, $ 1 2 2 ,2 0 9 .-(V . 71, p. 182, 343; V. 72, p. 1188.)
P i t t s b u r g S h a w m u t A N o r t h e r n R R . —R o a d — Projected as
a short rou te from the bitum inous coal fields in E lk and Jefferson
counties, Pa., n o rth erly to M aeedon (on the N. Y . Central A Hudson
R iv e r R R .), inclu ding branches, 350 m iles. O f first division, W ayland
to Shawmut, Pa., [228 m iles], 168 m iles is in operation, viz.:
Owned —
Mites.
Leased—(ConcL)
Miles
Tlydes to Clermort, Pa.................. 4 Hornells. Jet. to Hornellsvllle..... 10
t5
Mt. Jewett to Corryvllle, Pa
_ *3
_
Tra< kage—
Oiean to B o liv a r........................... 1H H ydes to Shawm ut. P a .................... 5
Angelica to Wayland.................... 36 Brockport to Brockwavville, Pa ... 4
Paines Jet. to Cardiff, P a ................. 12 Corryvitle, Pa., to Larabee ........... 2
Leased—
Cropland to Hal ton. Pa ..............
13
Total operated..........................108
Th e extensions proposed to be undertaken in 1902 Include: Cler
m ont to Kasson, Pa., 7 4 m iles, both under o on -tiu ction , and Corryvllle,
Pa., to Oiean Jot., N. Y ., 14 in., and B o liva r, N. Y , to A n gelica , 23 m.
O r g a n iz a t io n .—A consolidation in 1899 o f the C entral N e w York A
W estern , Buffalo St. M a ry ’ s A Southw estern RR., etc.
O w ing to fa ilu re in 1901 o f M arquand A Com pany, who purchased
the bonds, reorgau ization w as necessary.
Under plan,
V. 74,
p. 327 (only $112,000 o f old $6,000,000 5 per cent bonds nut having
assented in Oct., 1902,) the 5 per cent bonds received in ex
change 4 per cent bonds o f a $15,000,000*8*116,03 fo llo w s: 10 per
cen t on which interest began to run Feb. 1, 1902, and 100 per cent on
w hich interest w ill accrue from Aug. 1, 1903. The K ersey RR., 12
miles, fo rm erly leased, aud about 150.000 additional acres o f coal lands
and m ineral rights w ere placed under the new m ortgage. V. 74, p.
327, and Circular, p. 57*. Th e non-assenting bonds have received
interest to Aug., 1902. Th e old ls ts exchanged fo r the n ew bonds have
nut been canceled. V. 75, p. 291. Car trusts Oct., 1902, $379,283.
St o c k —Stock, all comm on, authorized, $15,000,000; issued, $6,000,000; par $100.
E a r n i n g s —On the com pleted portion, earnings fo r the year ending
June 30, 1902, were: Gross. $595,141; net. $246 601; other income,
$8,261; in terest, taxes, etc., $31^,862; bal., def., $64,000.
O f f ic e r s .—P resident, Joan Byrne; 46 W all St.— (V. 7 i,p . 1013, 1270,
1280; V. 73, p. 237, 663; V. 74, p. 327, 578; V. 75, p. 30, 291.)
P i t t s . S h e n a n g o A L a k e E r i e . —S e e P it t s . B e s s e m e r A L. E rie .
P i t t s b u r g T e r m i n a l R R . A C o a l C O .—V. 75, p. 498.
P i t t s b u r g V i r g i n i a A C h a r l e s t o n R y . —South Pittsbu rg, Pa.,
to B row n sville, Ac., Pa., 82 miles. Oper. by Penn. R R ., which owned
Jan. 1, 1902, $3,382,050 stock, and a ll the bonds, and pays net earn
ings as rental, the bonds bein g pledged under “ coll, trust o f 1883 ”
D iv id e n d s .— ) ’92. ’93. ’94. ’95 ’96. ’97. ’98. ’99. 1900. 1901. 1902.
P e r c e n t... 5 5 5 3 5 5 5 5 6
7
7 May, 3^
October,
1902.1
KAILROAD STOCKS AND BONDS,
110
Bonds—P rin ci
IN T E R E S T OR D IV ID E N D S .
Miles D ate 8ize, or
pal,^When Due.
Am ount
Rate per When Where Payable, and by Stocks—Last
of
of
Par
For explanation o f column headings, Ac., see notes
Whom.
Cent.
Payable
Road. Bonds Value. Outstanding
on first page of tables.
Dividend.
R A IL R O A D S .
Pittsburg < Western—Bee B a l t im o r e & O h i o RR.
£
Pittsb. Youngsl. it Ashtao.—Com. stock, $2,000,000 125
125
Preferred stock, $2,000,000..................................
62
Ashta. & Pittsb. 1st M .,Y ’ngst’n to A sb t.o *& F P r.
125
Consol. M. (for $4,000,000) s. f. 1 p.c., not d r .F .o '
15
Plym outh efi M iddleboro, 1st M.,int. eu.hy Old Col.o*
100
P ontiac Oxford <• N orth.—1st H.,g.,$400,000. J le.c *
£
42
Pt. Jervis M onticello it N. Y.—1st M .,($225,000) g.C e
42
1st consol, m ortgage, ($75,000) g o ld ..................
P ortla n d it Rochester—See B oston & M a in e RR.
P ortla n d <t R u m fo rd Falls.—Stock..........................
64
Consol., now 1st, mort., $1,000,000, g o ld ..O B .o *
Pla in bonds, sinking fund, gold, $350,000........c
Portland Union Ry. Sta.—1st H ., ser. “ A A B ,” gu.s.f
21
P ort Reading.—1st M .,g., gu. by old P.& R. P e P . o T r
31
PotomacYalley— 1stM.$2,000,000, s jg u M e B a o*Ar
40
Potosi <t R io Yerde— 1st M., $15,000 p. m ,,s .f.)Io .c *
Prosp. P a rk < 0. I .—See St r e e t R a i l w a y Su p p l E M E N
£
28
Providence it SpringUeUF—1st M. gold.................. o'
Providence it Worcester— Stock (10 per cent rental).
51
51
1st M .(refu nd’g),cur., $1,500,000. V.63,p.l064.o*
15
Quakertown it Eastern—Yet m ort., gold G u P .-C *
Quebec Southern—1st M , $12,000 per m ile............
Incom e 5 p. c. bonds, $8,000 per m ile .................
Queen Anne’s R R .—1st m ort,, $12,000 per m ile ..
60
P rio r lien M., red. at 103 to 1908, then par.........
....
Consol, mort., $1,400,000 (4 p. c. fo r 3 years)___
Incom e m ort., 9600 000...............
..............
Quincy R R . B ridge Go.—Stock, 10 p er cent rental.
....
R a ilroa d Securities Stock, com., $10,000,000......
P re f. st( ck. 4 per cent cum., $10,000,000
111. Cent stk. int. certs, cum., g.,ser. A .re d 105CJs . . . .
....
....
1878
1887
1892
1896
1894
1896
S.
S.
A.
N.
J
J.
D.
D.
N. Y ., Farm. L. & Tr. Co.
N. Y ., Ear. L. & Tr. Co.
Phila., F id elity Tr. Co.
N. Y ., Farm. L. & Tr. Co.
Boston.
N. Y . M e rc ’le Trust Co.
In default.
Bept.25’02. 3 hi
Sept.25’02, 3ia
Aug. 1, 1908
N ov. 1, 1927
Jan. 1, 1912
July 1, 1916
June 1, 1944
June 1, 1916
Q .- M .
M. & N.
F. & A.
J. & J.
J. & J.
J. & J.
A. & 0.
Portland, Me.
Boston, Old Colony Tr.
Boston and Portland.
P o rtl’ d. Me. A Boston.
Philadelphia.
Baltim ore, H illen St’n.
N. Y ., Co.’s of., 27 Wm.
Sept.15’ 02, lifl
N ov. 2, 1926
Aug. 1, 1927
J ly ’ 27, Jan.’29
Jan. 1, 1941
Jan. 1, 1941
Oct. 1, 1918
$1,333,342 7 in 1902 M.
1,700,000 7 in 1902 M.
F.
6
1,500,000
M.
1,562,000
5
J.
225,000
5
1,000
400,000
6 g. J.
4 ^ g . J.
100 Ac.
225,000
100 Ac. N ’ e July, ’ 01
5 g. J.
$50
50
1,000
1.000
.... 1896 100
....
1.000
1897 500 Ac.
.... 1887-9 1,000
1891
1,000
1891
1,000
1898 1 1,000
T (Bro oklyn R
1892
1,000
100
1897
1,000
1897
500
1902
........
1902
1895
1,000
1901
......
190 L
1901
100
100
100
1902
1,000
E a r n in g s .—Year end .Dec. 31, 1901, gross, $2,966,298 ; net, $1 312,
565; other income, $7,539; fixed charges, $1,056,037; dividends (7 p. o.).
P i t t s b u r g & W e s t e r n R R . - C S e f Map o f Balt. & O hio.)—R o a i >Owns A llegheny, Pa,, to N ew Castle, Pa., 60 m iles; standard-gange
branches to Foxburg, 53 miles; 3-ft. gauge lines to Jew ett, etc., 106
miles; total owned, 221 m. Leases and controls Pitts. Cleve. & Toledo,
77 m.; Pitts. Pain esvilie A F a irp ort, 53 m .: Trum bull & Mahoning, 11
m.; total system, 362 miles.
O f the n arrow gauge division, F oxbu rg to Kane, 83 miles, has been
leased fo r a short term from N ov. 1, 1901, to the B radford B ordell &
K in z u a R R V. 73, p 1011.
Status.— Road sold on Oct. 9, 1901, under the 2d m ortgage and re
organized as P. & W. HR., B. A O. pledgin g as part security fo r its own
Pittsbu rg Lake E rie & W est V irg in ia system 4s the entire $13,500,000 of new stock. $5,982,000 of the $9,700,000 first m ortgage 4s of
1887, $81,000 old 6s (all), $136,000 of the $219,000 Pittsburg N e w
Castle & Lake. E rie 4s due 1917 and $3,500,000 new m ortgage bonds
o f Pittsburg & W estern R R .—V. 73, p. 445, 7«5.
E a r n i n g s .—7 mos.,
51901-2......... Gross,$2.624,299; net, $916,141
Ju ly 1 to Jan. 31.
(1 9 0 0 -1 ......... Gross, 2,303,641; net, 785,6 j 8
R e p o r t .— F o r 1900-01 (V. 73, p. 1109), including leased lines:
l o June 30—
Gross
Net. Other iv c . Ia t. <■taxes.
£
Balance.
1900 01.........$4,080,687 $1,534,029 $3,000 $1,078,729 sur.$348,300
1899-00 ... 3,835,034 1.337,861 3,726 1,076,652 sur. 264,935
- ( V . 73, p. 33, 445, 785,1011, 1 1 0 9 ; V. 74, p. 268.)
P itts b u r g Y o u n g s t o w n
A s l i t a b u l a I I I I . —Owns K enw ood,
Pa., to Ashtabula Harbor, O., 99 m ile s ; N iles to A lliance Junction, O.,
25 m iles; Canfield Branch, 1 m ile ; trackage, 3 miles. Total, 128 miles.
Or g a n iz a t io n .—Leased August 1, 1887, to Pennsylvania Com
pany. wnich Jan. 1,1902, owned $375,000 common and $1,550,000 pre
ferred stock; rental net earnings. Lease terminable at cither’s option
D iv id e n d s . ) 1890. 1891. 1892-95. ’ 96. ’97 to 1900 1901. 1902.
Common, d . ct. 5 2 hi
3 6 yearly. 6*2 6 yearly. 6 6»
7
On preferred, 1888 to Sept., 1902, 7 per cent yearly (M. A S.)
B o n d s .— Bonds of 1887 are reserved to retire 6 s.
E a r n i n g s .— In year 1901 gross, $2,420,454; net, $923,005; other
income, $14,792; int., improvements, etc , $282,704—(V.73, p. 616.)
P o n t i a c O x f o r d < N o r t h e r n R R , —Operates road from Pontiac
fc
Mich., to Caseville, Mich., 100 miles. Successor to Pontiac Oxford &
Port Austin RR., sold in foreclosure in 1889. In year 1900 gross, $170,404; net, $64,965; interest. $24,000; dividends, $40,000; balance,
but., $965. Dividends : In 1890,1 p. o.; 1891, 3 ; in 1892, 4; in 1893,
6 ; ’94, 4; ’95, 3%; 1900, 4. President, Hugh Porter, N. Y.
P o r t J e r v i s m o n t ic e llo & N e w Y o r k R R .- O w n s Port Jervis,
N. Y., to Monticello, N. Y., 24 miles, and Huguenot to Summitville, 18
miles. Stock authorized, $500,000; outstanding, $409,100; par, $50.
The N. Y. Ontario & Western Ry. owns most of the securities and in
Sept., 1902, was foreclosing to obtain clear legal title. V. 75, p. 505,
849. In year ending June 30, 1901, gross, $64,372; def. under op. exp.,
$22,123.—(V. 67, p. 275; V. 70, p. 946; V. 71, p. 556; V. 75, p. 849.)
P o r t l a n d Ac R u m f o r d F a l l s R y . —Owns Rumford Jet. to Rumford Falls, 54 miles; branch to Otis Falls, 10 m.; trackage (Me.Cent.)
Rurnford to Lewiston, 4 m.; total operated 68 miles. Controls Rum
ford Falls A Rangely Lakes RR., 31 miles of track.—V. 69, p. 954.
D i v i d e n d s — > 1896 1897 1893 1899 1900 1901
1902
Percent.
1
5
4
4
6
4
6 In c l-S e p .,^
A n n u a l R e t o r t . —Report for 1900-1 was in V. 73, p. 1008.
Year —
Gross.
Net.
In t., tax., etc.
Dividends. Bat., sur.
1901-02...... $556,686
$246,413 $80,656 ( 6 ) $90,000 $78,856
1900-01...... 461,493
175,196 76,14.7
(5)
05,000
34,049
1899-00..... 377,178
129,729 59,127
(4)
40,000
30,602
~ ( V. 72, p. 1188; V. 73, p. 1008; V. 75, p. 612.)
P o r t l a n d U n i o n R a i l w a y S t a t io n .—Stook, $50,000. Bonds
guaranteed Jointly by Boston A M aine and Maine Central.
P o r t R e a d i n g R R . —Owns 21-21 m. of road, com pleted in Sept.,
1892, from Bound Brook, N. J., to Staten Island Bound; sidings and
laterals, 27'79 m.; to ta l,49 00 rn Capital stock authorized $2,000,0 0 0 par $100, all owned by Reading Company, $1,555,000 being deposited
mirier Its general m ortgage of 1897 and $440,000 under Jersey Central
collateral m ortgage — ( V. 55, p. 544, 639. 080.)
P o r t R o y a l A: A u g u s t a R R . —V. 74, p. 479; V. 75, p, 499.
P o t o m a c V a l l e y R R . —Opened In Hept, 1892, Potom ac V alley
June., Md., to Cherry Ken, W. Va., on the B. A O., 14 miles, and
from Porters, Pa to York, Pa., 17 miles; total, 31 miles. C apital
•took, $500,000 (950 shares). Leased to Western Maryland, the bonds
of 1941 having principal ami Interest guaranteed, jointly and severaily, by the Western Maryland RR. Co. and the Baltim ore A H arrisburg
Ry. Co., and being so endorsed. The bonds have a sinking fund o f 7 10
of one per cent. Earnings for year ending Hept. 30,1901: Gross, $395,263; net, $283,925 - ( V . 66, p. 130.)
P o t o e l Ac R i o V e r d e R y . —Owns a narrow-gauge road from f'l
of Siui l,uls Potosi, Mexico, to Hacienda Alvarez, 40 miles. I I ns go
cessions for 99 years, expiring Nov. 4,1985, when railroad lieoorn
the property of the Mexican Government. Company Is exempt fro
taxes and import duties for 15 years. Bonds are subject, to call at 1;
and Interest, on any Interest day. Pres., Robert 8 . Tow no; Sec.. 0.
Nonrse .Jr., 27 William Street, New York.
2,000,000 6 in 1991
992,000
4 g.
350,000
4 g.
4
300,000
1,500,000
5 g.
1,150,000
5 g.
400,000
6 g.
apid Transit •)
750,000
5 g.
10
3,500,000
4
1,500,000
180,000
5 g.
N ’neSept ’02
4 g.
N ’n esep t ’ 02
5
(1)
5
330,000
4 to 5
(?)
4
(?)
1.750.000
10
5.200.000
2.800.000
8,00o,00o
4 g-
A
&
&
&
A
&
&
&
J. & J. P ro v., R. I H ospital Tr. July 1, 1922
Q .-M .
Providence, Office.
8ept.30’02, 2ia
A. & O. Prov., R .I. Hosp. Tr. Co. Oct. 1, 1947
Quakertown, Pa.
J. & J.
Jan. 1, 1927
2002
1952
J. & D.
1945
B altim ore.
M. & S.
Mob. 1, 1951
J. & J.
Boston.
July 1, ’ 02, 5%
A pr. 1. ’02,2%
J. & J. N. Y., office, 120 B’w ay. Jan. 1, 1952
P r o v i d e n c e & S p r in g f ie ld R R . —Providence, R. I., to Douglas,
Mass., on the New England main line, 28 miles. Stock is $517,450 (par,
$100), mostly owned by the N. Y . New H. & Hart. V. 61, p. 1014. Road
leased (terms modified in July, 1896,) to New England RR. till July
1, 1989, at 4 per sent on stock. See V. 63, p. 30, and New England
RR. report Y. 63, p. 698. The bonds were guaranteed by the N. Y . A
New England (since foreclosed).—(V. 63, p. 30.)
P r o v i d e n c e Ac W o r c e s t e r R R . —Owns from Providence, R. I., to
Worcester, Mass.. 44 miles, of which 5 miles are owned join tly with
Boston & Providence; branches, 7 miles; total owned, 51 miles;
From July 1, 1892, leased for 99 years at 10 per cent per annum on the
stock to the N. Y. N. H. & Hartford.—(V. 63, p. 1064.)
Q u a k e r t o w n Ac E a s t e r n R R . —Quakertown to Riegelsville,
Pa., 15 miles. Stock, $180,000, all outstanding; par of shares, $50.
Y ear ending June 30,1901, gross, $35,959; net, $19,578. President,
John Jameson; Sec., Henry S. Funk; Treas , James H. Shelly; Gen.
Mgr., A. F. Baker. Office, Quakertown, Pa.
Q u e b e c B r i d g e C o .—See V. 70, p. 946; Y. 71, 603.
Q u e b e c C e n t r a l R y . —Y. 72,p. 88, 1035; V. 73, p. 663; V. 75, p. 30.
Q u e b e c Ac L a k e St. J o lt n R y . —V. 72, p. p. 989; V. 73, p. 1208.
Q u e b e c S o u t h e r n R y . — Owns Sorel, Province of Quebec, to
No , an, 89 miles; St. Lambert to St. Francois, with branch, 55 miles,
(former South Shore R y.); total, 144 miles.
Extension east, 85 miles was proposed in 1902, making short line
between Montieal and Quebec. See V. 74, p. 95. A consolidation was
also voted Jan 14,1902, with the South Shore Ry. V. 74, p. 152. Stock
to be increased to $4,00 ,000, all common. In Aug., 1902, over 70
per cent of the South Shore Ry. syndicate receipts had been deposited
with a committee (Richard Sutro, 2^ Broad St., Chairman, and Stand
ard Trust Co., N. Y , depositary). This committee claims that the con
solidation was never consummated, and w ill seek to readjust the
affairs of the syndicate and the South Shore Ry. See Y. 75, p. 240,
550, 612. President, St. A. Hodge, Montreal, Can.—(V. 75, p. 240, 612.)
Q u e e n A n n e ’ s R R —Queenstown, Md. to Lewes, Del., and
Rehoboth Beach on Atlantic Ocean, 60 miles. Pennsylvania tracks
used between Lewes and Rehoboth, 6 miles; branch, Queenstown to
Centerville, 6 miles; branch, Queenstown to Love Point, 12 m , com
pleted Apr., 1902; total, 84 miles.
In 1902 obtained authority to increase the stock (recently $720,000)
to $3,000,000. consolidate by lease or otherwise with connecting rail
roads, an 1 issue $30,00 •bonds pt-r mile on its entire lin e ; also go ex
tend from a point east of Denton southerly via Federalsburg, Salisbury
and Snow H ill to the Virginia State lint, and thence to Cape Charles,
Ya. V 74, p. 206, 728.
The eonsois bear interest at 4 per cent for three years and 5 per cent
thereafter, of which $732,000 to retire the old 5s, balance to retire
prior lien bonds and fo r improvements. V. 72, p. 283, Year ending
June 30, 1901, gross, $138,536; net, $10,784; ouarges, $9,522; bal.,
sur.,$1,262. In 1899-0, def. under opor., $8,864. Met earnings from.
July 1 to Nov. 1, 1901, $35,000. Pres.. William H. Bosley, Baltimore;
See., A. H. Taylor.—(V. 70, p. 532; V. 72, p. 283; V. 74, p. 206, 728.)
Q u i n c y C a r r o l l t o n Ac St. E o u is R y . —Owns Barnett to Colum
biana, 111., 52 miles; trackage, Barnett to Litchfield, 6 miles;
Successor to Litchfield Carrollton & West. RR., foreclosed Nov. 26,
1898 (Y. 6 8 , p. 40); V. 6 8 , p. 233. On Jan. 17,1900, transferred to
Dwight O. Morgan, of Dwight, 111., representing the Chioago & A l
ton interests. Stock, $500,000. Year ending June 30, 1901, gross,
$39,227; def. under op-rat’g expenses, $7,887.-(V. 70, p. 176, 1292.)
Q u l n c y O m a h a Ac K a n s a s C ity R R . —In 1902 sold to C.B. &Q„
Q u i n c y R R . B r i d g e C o .—Owns bridge 1-43 miles long over the
Mississippi River at Quinoy, 111. Leased Jan. 1, 1869, during life of
charter, probably 100 years, to C. B. A Q. RR. at annual rental of
$175,000, which pays 10 p. o. on stock.
R a i l r o a d S e cu rities ! C o.—Organized by Interests identified with
the Illinois Central to acquire and hold securities of railroads. Stock,
common, $10,000 000; p re f, 4 per cent ourn., $10,000,000; outstand
ing, common, $5,2oO,000; pref , $2,«00,000. The $8,000,000 present
issue or the lot. certificates ($ 2 0 ,000,000 authorized) are secured by a
like amount of Illinois Central stock, interest at a 4 percent cumu
lative rate being pa) able if received from dividends on the shares
pb'dged, the stock Itself being deliverable to the holders of the cer
tificates at maturity unless the option to call at 105 Is meantime ex
orcised. V. 71, p. 937, 1039. First dividend on prof., 2 per cent, paid 1
April 1, 1902.— (V. 74, p. 428, 937, 989, 1039.)
R a l e i g h A A u g iiw in A ir d u o R R .
See Seaboard Air Line Ry.
I t n . r l g l i Ac G a s t o n H U E.
R a p id
T ra n s it
Subway
ough Rapid Transit Co.
C o n s tru c tio n
C o . — too Inherbor-
R a r i t a n R i v e r R a i l r o a d , — South Am boy to N ew Brunswick, N.
J., 13 m iles; branches, 7 m iles; total, 20 miles, Stock authorized,
$1,000,000; Issued, $382,000; par, $10(3. Loans pay abb' Dec, 31, 1901,
$25,124. Year ending Deo. 81, 1901, gross, $87,207; net, $37,795;
lot., taxes, etc., $22,881; surplus, $15,414. —
(V. 08, p. 573.)
R e a d i n g M e lt H R . —Belt railroad, 7 ’4 miles In length, around
Reading, Pa., opened M ay, 1902 V .7 1 ,p . 751. Stock, $750,000,
all owned by Reading Company. Hoad leased to Phil a, A. Reading Ry.
for 999 years from .1uly 1, 1002, at 4 tier eon t on the stock, Interest on
bonds, and taxes. (V .7 1 ,p . 751; V .7 4 ,p . 1000.)
I
INVESTORS’ SUPPLEMENT
120
fVoL, LXXV.
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
M iles D ate Size, or
pal,^When Due.
A m ou nt
of
Par
R ate per When W here Pa ya b le, and by Stocks—Last
E o r explan ation o f column headings, Ac., see notes o f
Road. Bonds Value. Outstanding Cent.
|
on first page o f tables.
Payable
Whom.
D ividend.
R a le ig h & A ugusta—R a leig h < Gaston—See Se a b o ART) A
£
20
R a r ita n R iv e r R R . -1 st m ortgage, g o ld .................c
40
R ea d in g < Colum bia—1st m ort. (ext. in 1 8 8 2 )...c*
£
40
i 2d m ortgage, coupon (extended in 1884)........... c
D ebentu res..............................................................c
7*4
R ea d’g B elt—lstM .g .,$ 7 5 0 ,0 0 0 ,gu .p .& i.en d .G P .c *
R e a d in g C o m p a n y —Comm on stock ......................
1st p ref. stock, 4 p er cent, non-cum .....................
2d pref. stock, 4 per cent, non cum ......................
Gen. M., $135,000,000, g., s.f.not sub. call. C e.o*A r. T ex t.
Jers. Cent. col. tr. M g .,re d 105 a ft. ’0 6 .P ftP c * & r
W ilm . & N o rth ’n stk. tr. ctfs., g., red. at 105. O P r
Purchase inoDey m o rtg a g es (V. 75, p. 800) —
Car trusts, $3,600,000, $252,000 s a. beg. 1901.
Car. & mar. trusts, $200,000, s. a..beg. 1902.G P
E qu ipm en t trust, ser. C, gold, $87,000 s. a ......
O l d P l i i l a . <& R e a d . R R . BONDS UNDER L Y IN G
D ela w a re R iv e r T erm in a l Pur. M oney M., g o ld .c
D ela w a re R iv e r Term . E x t. Pur. Mon. M ., gold.c
tBonds and m ortgages on rea l esta te..................
O ld F la il a . & R e a d . R R . BONDS UNDER L Y IN G
94
f i s t M .,ex t. in *60, Ph iladelph ia to P o tts v . $ A £ .c
94
\M ortgage loans o f 1844,1848 and 1849.............c
{M o rtg a g e loan o f 1857 c o n v e rtib le .....................c
{M o rtg a g e loan o f 1868, gold, extend ed in 1893.c 148
tConsol, m o rtgage ($8,162,000 are gold 6 s ) . F P . c 254
{lm p r ’tM .,g .,e x t. in ’ 9 7 . P e P See V. 65, p. 870, g. 325
|Consol. M .o f 1882, g., 5s, ext. ’ 97 (V. 65, p.278)0" 327
{T erm in a l m ort, gold. See V . 64, p. 8 5 ........ c*<fcr
{M o rtga ges on rea l esta te..............................
L in e R y .
1889 $ 1,000
1862 100 Ac.
1864
1,000
1877
1,000
1900
1,000
50
50
50
1897 lOOOAc.
1901
1,000
1900
1,000
1901-2
1899
1,000
1901
1,000
ir
Gen.
M o rt.
1892
1892
1,000
G en.
M o rt.
1,000
1843 $ & £
1844-9 1,000
1857 500 Ac.
1868
1,000
1871 200 Ac.
1873
1882
500Ac.
1,000
1891
N o t e . —G en eral m o rtg a g e o f 1897 requ ires th a t the Readi n g Co
m arked t above.
U O n ly $16.000 are 3s.
R e a d i n g & C o l u m b i a R R . —Owns fro m Colum bia to Sinking
S prings Pa., 40 m iles; branches, 14 m iles; operates M a rietta Junction to
Ohickies, 6 miles; to ta l operated, 60 miles. Stock, $958,373 (par, $50), o f
w hich $788,200, togeth er w ith $9,500 1st m tge., $35,000 2d m tge. and
f$1,000,000 debentures, are ow n ed b y R ea d in g Co., a ll e x cep t $3,200
*stock b ein g deposited under its gen eral m ortgage. Y e a r 1900-01,
tgross, $300,740; net, $104,618; charges. $119,696.
| R e a d i n g C o m p a n y —P h i l a d e l p h i a & R e a d i n g R y . —(See
M a p .;—The Ph ila d elp h ia A Reading R y. operates in conn ection w ith the
‘ g re a t anth racite coal p roperties o f the P h ila d elp h ia A R eadin g Coal A
iroads cen terin g at Ph iladelph ia, ex ten d in g w e s te rly to H a z le to n and
Ir o n Co. in the Schu ylkill regio n , Pen n sylva n ia , a system o f
W illia m sp o rt on the north, and H arrisbu rg, Shippensburg and G etty s
bu rg in P en n sylva n ia and W ilm in gton , D el., on th e south; also east
e r l y in N e w J ersey to A tla n tic C ity and Cape M ay, on the A tla n tic
Ocean, and to tid e w a te r at P o r t R ea d in g on N e w Y o r k harbor, viz.:
L in e s owned i n fee.
M iles.
Leased lines— ( C on.)
M ile s .
P h il, to Mt. Carbon, etc. A
S chu ylkill A L eh igh R R ....... 1[46*9
Phila. H ar. A P itts. R R ........ {[47*2
branches.........................
<104 01 double-tracked) ..1 2 5 T 9 W ilm in gton A Noilbh. R R . H 88*4
Ph ila. A R ea d in g Term . R R .
1*3
Leban on V a lle y branch.
(53*74 double-tracked). . 59*44
(L eb a n on A T rem o n t branch 65*28
T o t.lea sed (2 d t r a c k 243*4).637*7
L in e s controlled— (See each Co.)
jM ah an oy A Shamokin b ra ’h
* (2 3 8 4 d o u b le-tra ck ed )... 60*47
B n tit'e stock owned—
S ch u ylk ill A Su sq. bran ch .. 53*37 Chester A D ela w a re R R .......
5*3
W est R ea d in g branch.........
1*86 *R u p ert A B lo o m sb u rg..........
1*6
M idd le# n A H u m m elst’n R R .
6*3
9*9
T o ta l (2 tracks 182 m )..365*61 Tam aqu a H a zleton A N . R R .
L in e s leased (See each Co.)
C o n tro lle d —
C olebrookdale R R ................. 12*8 R ea d in g A Colum bia R R ---- 1T39*6
Leban on A oth er branches 13*8
P ick erin g V a lle y R R ............. 11*2
6*4
E ast P en n sylva n ia R R ........ 1135*4 Read. M a rie tta & H an. R R .
A lle n to w n R R ....................... 114*5 N o rth E ast Penn. R R ........... Tf25*7
L it t le Schuylkill N a v. A R R . 1131*5 Ph ila. A Chester V a lle y R R 1121*5
M in e H ill A Schuy. H a v e n .. 1142*0 AtlanticCityR R.Abranches1T167*4
M t. Carbon A Pt. Carbon RR. If 2*5 Catasauqua A Fogelsv. R R . . 29*5
M ill Creek & M in e H . R R ___ IT 3*8 Cam den County R R ..............
7*3
S ch u ylkill V a lle y N a v .A R R . IT11*0 G ettysb u rg A H arrisb R y . . . 1T34-1
E ast M ahanoy R R ................. 1110*9 P erk io m en R R ........................1138*3
Sham okin Sunbury A L . R R . 1131*3 Phil. N e w to w n A N. Y . R R . . 1121*7
Ph ila. German. A N or. R R .... IT29*6 P o r t R ea d in g R R ..................IT19*7
Chestnut H ill R R ..................IT 4*0 S ton y Creek R R ..................... 10*1
C ataw issa R R ...................... If 103*0 Ph il. A F ra n k fo rd R R ..........IT 2*6
N o rristo w n June. R R ..........
(IT See this com pan y.)
0*4
N o rth P en n sylva n ia R R .......1T86*2
[D ela w a re A B o u n d B . R R . . . 1f33*8
T o ta l c o n tro lled ..................453*5
j T o ta l system Ju ly, 1902 (2d track, 474 m ile s )........................... .1 ,4 5 7
(IT See this com pany.) F rom the com pan y’s docks a t the e x ten s ive
term in a l at P o r t Richm oi d it operates a lin e o f steamers aud barges
In coastw ise coal tra ffic and p rovid es berths w ith eleva to rs and am ple
accom m odations fo r severa l tra n s-A tl an tic steam ship lines. In Jan.,
1901, control o f the C entral R R o f N e w J ersey was acquired. V . 72,
p. 86, 340, 392, 676; V . 73, p. 847.
V o t i n g T r u s t , E t c .— A l l classes o f stock o f the n ew com pany are to
be held b y v o tin g trustees (J. P ierp o n t M organ , F red eric P. O lcott and
C. S. W . Packard) fo r fiv e years, and th e rea fter until 4 p. c. cash d iv i
dend p er annum shall be pai(^ on the first p referred stock fo r tw o con
secu tive years, though the trustees m ay in th eir discretion surrender
the stock at an e a rlie r date. T h e com pan y m ay, a fte r divid en d s o f 4%
h ave been paid on the first p referred fo r tw o consecu tive years,
c o n v e rt the second p referred stock in to one-h alf first p r e f erred and
one-half com m on stock. A s to rights, see V . 64, p. 709. V o t i n g
t r u * t , V. 64, p. 9 5 5 , and S u p . o f A p ril, 1897, pa ge 5.
O r g a n i z a t i o n .— T h e Ph iladelph ia & R ea d in g R R . (ch artered A p r il
4 ,1 8 3 3 ) and the P. A R. Coal A Iro n Co. w ere sold in foreclosu re Sept.
23,’96, and reorgan ized per p l a n in V . 61, p. 1109. See V. 64, p. 709.
In the reorga n iza tion the 41 m illion s o f old stock and the 563*
m illions o f old p referen ce incom e bonds w ere assessed 20 p er cent,
the stock then re c e iv in g 100 per cent in n ew com m on and the p re fe r
en ce incom es, common and p referred stock in certain proportions.
T h e “ R ea d in g C om pany” in the reorgan ization acquired the secu
r ity holdings, real estate, equipm ent, e t c ., o f the old Ph ila. A R eadin g
R R . Co.; also the $20,000,000 stock and $20,000,000 bonds o f the Phila.
A R eadin g Ry. and the $8,000,000 stock o f the Coal A Iro n Co., and
again st a ll this p rop erty issues its ow n securities. See V. 64, p. 709.
Th e p rop erty o f the “ R ea d in g Com pany” consists o f the fo llo w in g :
R a ilw a y equip, leased to R y . Co. fo r 8 p. c. y e a r ly ................... $19,792,119
R e a l estate n ot appurt. to R R . (ann. reven u e ab’t $175,000). 16,962,576
C olliers and barges leased to R y. Co. fo r $115,000 y e a rly ...
2.107,650
Leased equ ipm en t.....................................................................
5,308,253
Ph ila. A R ea d in g R y. stock $20,000,000 and bonds, $20,000,000 par (annual int. to R ea d in g Co., $1,200,000)---- 40,000.000
Pliila. A Read. Coal A Iro n stock at p a r................................. 8,000,000
M iscellaneous securities at par (in 1896 yield ed $765,000). 70,347.139
M orts. and ground rents at p a r (n ot u n d e r’ 96-’97 m o rt.).
262,4 >5
In t. in Phila. A R ea d ’g Coal A Ir. a b o ve securities o w n ed .. 79,002,721
Claim s against oth er com panies, e tc ..................................... . 1.640,872
T o ta l Ju ly 1,1902. (See V . 7 5 ,p. 801)............................. $243,422,946
S i n k i n g F u n d . —W h e n e v e r , i n
any
year, a
d iv id e n d
is p a i d o n t h e
stock, a n a m o u n t m u s t b e p a i d s i m u l t a n e o u s l y t o t h e t r u s t e e e q u a l to
$382,000
650.000
I s5
350.000
6
1,000,000
750.000
4 g.
70.000. 000 A ll stock
28.000. 000 3 in 1902
42.000. 000
64.695.000
4 g.
23.000. 000
4 g.
1,29-,000
4 g.
380.000
2.592.000
4 g.
2.800.000
41
2g.
1,218.000
4^g
O F 1897.
500.000
5 g809.000
5 g.
1,428,191
O F 1897.
1,512,700
6
954.000
6
79,000
4*3
2.696.000
5 g.
18.811.000 6 g. A 7
9.363.000
4 g.
5,766,717
8.500.000
5 g*
g.
628,155
J.
M.
J.
J.
M.
in
M.
and R eadin g
Iro n Co. shall be responsible fo r all old bonds
i
Coal A
A J.
A S.
A D.
A D.
A S.
v o t ’g
A S.
H ollan d Tr. Co., N. Y .
Phila., Ph il. A Read. R R .
do
do
do
do
Phila., Read. T er. Bldg,
trust fo r 5 years o r mo
N .Y., J . P .M orga n A Co.
Jan. 1, 1939
Mch. 1, 1912
June 1, 1904
Deo. 1, 1917
Sept. 1, 1950
re.
Oct. 1, ’0 2 ,1 %
J. A J. N. Y ., J. P. M organ& C o. Jan. 1, 1997
A. A O.
A pr. 1, 1951
Q .- M . Phila., G irard T ru st Co. W hen drawn.
J. A J. D re x el A Co., Phila.,Pa. J a n ’03-J’ly ’07
M. A S. Phila., Read. T er. Bldg. M ar’03-Sep’09
M. & N.
M ar’ 03-Nv.’09
M. A N.
J. A J.
P h ila ., Guar. Trust,
do
do
M a y 20,1942
Ju ly 1, 1942
J. A J.
J. A J.
J. A J.
A . A O.
J. A D.
A . A 0.
M. A S.
Q.—F.
Ph iladelph ia A London.
Phila., Read. Ter. B ldg,
do
do
do
do
Ph ila., do A London.
Phila., Read. Ter. Bldg.
do
do
Phila., P ro v . L ife A Tr.
Ju ly 1, 1910
Ju ly 1, 1910
July, 1910
Oct. 1, 1933
June 1, 1911
A p r. 1, 1947
Mch. 1, 1937
M a y 1, 1941
5 cents per ton on all coa l m ined by the Coal A Ir o n C om pany during
the precedin g year, i f the a gg reg a te o f dividends so declared exceeds
th at sum; oth erw ise such lesser sum as shall equ al the dividends so de
clared. U nder this p rovision $383,525 w as set aside in M ar., 1900,
and $433,000 general m o rtg a g e 4s canceled, and in 1901 $366,371 w as
paid and $39 i .000 bonds canceled; in M ar., 1902, $443,935 w as set
aside. V. 73, p. 848.
D i v i d e n d s .— On 1st p referred , 1900; 3 p. c.; 1901, 4 p. c. (M A S ); in
1902, M ar., 2 p. c.; Oct., 1 p. c. V. 75, p. 442.
B o n d s .— Th e G eneral M ortgage 4s ( a b s t r a c t
V . 64, p. 6 1 2 )
are secured b y m o rtg a g e and p led ge o f all p roperties and securi
ties em braced in the reorga n iza tion , and also all oth er p rop erty
acquired th e rea fter b y use o f the n ew bonds. T h ey h ave a b o ve sinking
fu nd out o f the reven ues from the Coal A Iro n Com pany, but are not
subject to com pulsory redem p tion p rior to m aturity. T h e n e w m o rtr
f age is also, subject o n ly to the bonds fo r w hich reservation is made,
ased upon prop erties or securities o f a ll the lines o f ra ilro a d owned,
in clu ding the P h ila d elp h ia A R eading R a ilw a y Com pany proper,
365 miles; variou s leaseh old lines, 635 m iles; a ll the p rop erty o f the
Coal A Iro n Com pany, or the securities th ereof, represen tin g n ea rly
200,000 acres o f coaL ana tim b er lana: equipm ent valu ed at about $18,000,000, also m arine equip. See a p p lica tio n to lis t in V . 64, p. 709.
Fu rth erm ore, it has a first lien upon a m a jo rity o f the capital
stock o f variou s com panies in the system o w n in g 453 m iles o f railroan, and also on variou s bonds o f system —lis t in V . 64, p. 613.
O f tbe $135,000,000 fou rs o f 1897 $51,457,500 w ere reserved to take
up undisturbed bonds and $15,500,000 fo r fu tu re construction, equip
m ent, etc., at n ot o v e r $1,500,000 p er annum.
Im p rovem en t m ortgage 6 p. o. bonds o f 1873 due Oct. 1, 1897, w ere
exten d ed a t 4 p. o. fo r 50 years fro m A p ril 1, 1897, p a ya b le in U. S.
gold and guaranteed p. A i . b y the R ea d in g Co. V. 64, p. 470; V . 65.
p. 516. Th e consol 5s o f 1882 fo r $5,673,042 w ere also extended at 4
p. o. t ill M ar. 1,1937, the R ea d in g Co. and Coal A Iron Co. becom ing
responsible. See V. 65, p. 870, fo r contract. V 65, p. 152, 870.
Tem ninal m ortgage bonds, see V. 64, p. 85 and V . 60, p. 732.
F o r ten-year s in k in g fu n d loa n see January, 1895, S u p p l e m e n t .
T h e bonds w ere in 1902 extend ed to Feb. 1, 1932, at 4 per cent, prin
cipal and in terest b ein g gu aran teed b y the R eadin g Co., and sinking
fund reduced to $30,000 yea rly. V. 72, p. 242; V. 74, p. 206.
Th e coal trust certificates under agreem ent o f M ay, 1895, are not
redeem able u ntil A p ril, 1904—see V. 63, p. 838 and Jan., 1895, S u p p .
Th e P h ila d e lp h ia Subivay L o a n is p a ya b le a fte r ten years fro m date
in 20 annua) instalm ents, to secure w hich $ '< 0,000, h ea rin g interest,
has been deposited, and $100,uOO y e a rly is bein g set aside in m onthly
instalm ents. See V. 58, p. 1110; V. 62, p. 950; V. 63, p. 881; V. 71, p.758.
Th e Jersey C entral colla te ra l tru st bonds ($23,000,000 presen t issue)
are secured b y deposit o f $14,500,000 Cent. R R o f N J. (cost $23,200,000) o f the $27,213,800 stock outstanding, $1,49 \000 Perk iom en
stock and $440,000 P o r t R ea d in g R R stock, the rem ainder o f the
$45,000,000 au thorized being reserved to acquire the m in o rity stook
o f the Central Com pany. T h ey are subject to ca ll on A p r il 1, 1906, or
any in terest day th erea fter, at 105 and interest, on 60 days’ notioe.
See a b s t r a c t o f m ortgage. V. 72 p. 487; V. 73, p. 847.
The W ilm ington < N o rth e rn stock tru st certificates are secured by
&
deposit o f *1,495,000 out o f $1,500,000 W. A N stock —V. 72, p 340.
C ar trusts o f 1899 see V. 69, p. 1346; V. 71, p. 759. Th e $3,200 ,000
car trusts o f 1901 co v e r 10 passenger and 38 freig h t locom otives,
1,000 steel coal and 500 gondola oars, 500 b o x cars. T h ey are addi
tio n a lly secured b y $833,000 o f the gen eral m ortgage 4s, w h ich may
be w ith d ra w n as the car trusts are paid off. V . 72, p. 822.
C o a l P r o p e r t i e s .— These a ggregate about 194,000 acres, as follow s:
Coal lands ow n ed (acres)___ 95,144 I T im b er lands ow ned (acres) 70,489
Coal lands leased (a c re s ),... 7,429 |Iro n ore lands (a cres)........ 21,009
G e n e r a l F i n a n c e s . — In Jan., 1901, a m a jo rity o f the stook o f tbe
Cent. R R . o f N e w Jersey w as purchased. See a b o ve and V. 72, p. 86.
T h e refu ndin g o f the N o rth P en n sylva n ia gen era l m o rtg ag e bonds on
Jan. 1, 1903. w ill save the R eadin g Co $166,500 yearly. V. 73, p. 1160.
R eg a rd in g R eadin g control, see V. 75, p. 499, 599,186, under cap
tio n o f R ea d in g Co. and B a ltim o re A Ohio
L atest E arnings .—F rom Ju ly 1 to A u g. 31 (2 months) results were
as fo llo w s on basis o f present charges in both years:
2 mos. to ,— P. <c R. Ry. ------ >
S
/
-------- Coal < I r o n . --------- % Read. Co. AU Cob,
fc
Aua. 3 1.
Gross.
N e t.
Gross
N et.
N et.
total tut.
iyu2.......$8,913,370
$1,03^,045 $4V*S,5iO op.def.,$540,911 $235,402
$734,136
1901....... 4,773,288 1,777,202
4,3i7,489
sur., 213,602
101,2*1 2,151.000
Charges all Cos. 2 mos. 1902.......................... $1.702,CO"; balance, def., $1,027,864
do
do
1901........................... 1,768,104; balance, stir..
Sy3,©38
T h e sm all earnings in j 1902 are due to the strik e o f the anthracite
coa l miners.
A n n u a l R e p o r t .—R e p o rt f o r 1901-2 w as g iv e n a t len gth in V. 75,
p. 790, 797. See also editorial, p. 762.
1900.
1901.
T ea r8 E n d in g J u n e 30.
1902.
R a ilw a y com pany—Receipts.. .$29,515,534 $28,344,168 $26,902,987
17,253,429
18^566^351
E xpenses (inol. renew als, e tc .). 18,769,998
$9,649,558
$9,777,818
N e t ea rn in gs.......................$10,745,536
Coal A Iro n Co.—R e c e ip ts ...... $26,519,530 $28,917,858 $27,884,643
27,567,580
27,993,149
E xp en ses................................... 26,283,203
N e t ea rn in gs.................
$236,327
$924,709 “^ 3 1 7 ,0 6 3
4,336,494
R ea d in g Co.—N e t incom e......... 5,312,129
4,881,444
$14,303^115
N e t earn in gs a ll C ob...........$16,293,99^ $15,583,971
~ni~ii i r<i< in
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MAP
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PHILADELPHIA & READING
RAILWAY.
/
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East Berlin
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w i l l i a m s t o w in
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Peach Bottom Stn.
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D e lta
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122
INVESTORS’ SUPPLEMENT.
[V ol. L X X V .
Bonds—rrin o lR A IL R O A D S
IN T E R E S T O R D IV ID E N D S .
Size, or
M iles D ate
pal,W hen Due.
A m ou nt
Par
of
of
Rate per W hen W here P a ya b le, and by Stocks—Last
F o r explan ation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding
P ayable
Cent.
Whom.
on flrst p a ge o f tables.
Dividend.
R e a d in g : C o m p a n y - (C onclud ed ) —
Ph iladelph ia C ity Subw ay Loan, guar., $3,000,000, ---- 1894-8
’72-'92 $500&o.
I P . Sc R . C o a l Sc I . morts. See lis t V. 64, p. 619.
1894
1,000
Coal tru st certifi ates, gold. See V. 65, p. 278.
1892
1,000
ICol. s. f. gold loan (RR'.) gu p & i., ext. in ’Ot . . . .
192
....
100
Rensselaer < tiara.—S tock^ p .c.gu .D el.& H u d^ en d.)
&
1,000
79 1871
1st m ortgage, consolidated.............................. c*<fci
100
....
R ichm ond Fredericksb. & Potom ac—Com m on stock . . . .
100
D ivid e n d obligation s (sam e div. as com. stock)..
100
....
Stock, guar. 7 p. o., e x c e p t $19,300 guar. 6 p . c.
....
82 1890
1,000
Consol, m ortgage fo r $2,000,000, gold. Ce...c*<fcr
31 1898
1,000
R ich . < Meek.— 1st M., $315,000, g. (V. 69, p. 391). c
&
Richm ond < Petersburg—S e e A t l a n t ic C o a s t L in E R R .
&
....
100
R io Grande J u n c tio n —S to c k ...................................
....
1,000
62 1889
1st m ortgage, gold, gu a ra n teed .C e .................. c*
1,000
156 1897
R io Gr. S ie rra M . < P a c.—1st M. g.,$20,000 p .m .O
£
1,000
R io Gr. Southern— 1st M.,g.,$25,000 ) not gu a r... J 180 1890
1,000
per m ile .C e ................................. S gu aran teed (
180 1890
R io Grande Western—
1stM. lim it’d t o $15,200,000, g. (V.69, p. 284 )Ce.c* 436 1889 I,000& c
1st consol, m ort., red. at par, see te x t, g o ld . M o .c * 606 1899 l.OOO&o
33 1898
1,000
U tah Cent. lstM .,$ 650,000,gu .V .68,D . 724, g M o
1901
1,000
U tah Fu el Co., 1st M., $/ ,000,000, red. a t llO .IT Io
....
1,000
P lea sa n t V a lle y Coal, 1st M., s. f.,red at 115.M o
....
1898
50
....
....
R iv e r F ro n t—Stock, 5 p er cent, guar. Penn. R R ---1,000
1st m ortgage, guar. p. & i. b y Penn. R R .............. 4°62 1882
1894
D ebentu res...............................................................
100
18
Roch. < Genesee Val.—Stock, 6% rental E rie R R ......
&
100
R ock Isla n d Co.—Com m on stock, $96,000,000......
100
P f. stock (also to ass, etc.), non-cum., $54,000,000
100
Rock Is la n d < P eo ria —S tock......................................
&
118
5,000
113 1885
Consolidated 1st m o r t g a g e .M p ........................... r
100
Rom e < C lin to n —Stock (ren ta l g u a ra n te e d )...........
&
-
....
...
$2,720,000 IT 3 & 3*2
274,500 5, 6 & 7
3,600,000
6 g.
1,410.000
4 g.
10,000,000
8
2,000,000
7
1.316,900 8 in 1902
1,072,000 8 in 1902
500,400
7
500,000
4*sg.
315,000
4 g.
2,000,000 4 in
1,850,000
2,000,000
2,233,000
2,277,000
1902
5 g.
6 g.
4 g.
4 g.
15,200,000
4 g.
12,276,600
4 g.
650,000
4 g.
750,000
5 g.
1,227,000
5 g.
300,000
5
4hj
212,000
4
84,000
555,200
6
See text.
See text.
1,500,000 See text.
450.000
6
345,360
6*4
C ity Treasury.
Phila., Penn. Co. fo r Ins.
do
do
Phila., Read. Ter. Bldg.
N .Y ., Del. <fcH.Canal Co.
do
do
Phila. and Richmond.
do
do
do
do
N. Y ., Phila. or R ich m ’ d.
J. P. M organ & Co.
1904-1921
1902 1904
A pr. 1, 1904
Feb. 1, 1932
July, 1902,4%
M ay 1, 1921
Ju ly, 1902,4%
July, 1902, 4%
N o v., 1902
Apr. 1, 1940
N o v. 1, 1948
Y early. 5 N. Y ., M ait., C o p p e ll)
J. & D. l & Co., 24 Exch. P L J
N. Y . Co.’ s office.
J. & J.
J. & J. N. Y .,M ait., C oppell & Co
do
do
J. < J.
fc
Feb. 4, ’02, 4%
Deo. 1, 193y
J u ly 1, 1917
Ju ly 1, 1940
Ju ly 1, 1940
Various
Q .- J .
F. < A.
fc
J. < J.
te
M. < N.
fc
J. & J.
J. & J.
M. & N.
A . & O.
M. & N.
J. & J.
A . & 0.
A. & O.
M & S.
J. & J.
M. & N.
M. & N.
J.30, D.31
J. & J.
N. Y ., M orton Trust Co. Ju ly 1, 1939
N. Y ., M orton Trust Co. A pr. 1, 1949
Jan. 1, 1917
N. Y ., office R. G. W.
Mch. 1, 1931
Ju ly 1, 1928
A ll ow ned b y Penn. R R . N o v. 1, 1902
Phila., Co.’ s Office.
M a y 1, 1912
A ll held b y P a R R .
Deo. 31, 1903
N. Y ., by E rie R R . Co. July, 1902, 3%
N. Y ., C o m Exch. Bank, J u ly l'0 2 , 2i*%
J. & J.
do
do
Ju ly 1, 1925
J. & J. Clinton, N. Y ., b y check Ju ly, ’02. 3i*%
R i o G r a n d e S o u t h e r n R R . —(See M ap Denver dt R io G rand e.)—
R e a d i n g C o m p a n y — (Concluded.)
1902.
1901.
1900.
O wns n arro w gau ge from D allas (n ew nam e R id g ew a y), Col., on the
D enver < R io Grande, southerly to Durango, 162 miles, and branhes
fe
F ix e d charges and ta x e s ......... $14,359,099 $13,287,255 $12,365,115
S u rp lu s ..... .......................... $1,934,893
$2,296,717
$1,938,000 to Tellu ride and coal fields n ear Hesperus, 18 miles. Stock, $4,510,000; June 30, 3902, *2,255,600 ow n ed b y D en ver & R io G rande and
Accum ulated surplus.............. $5,246,615
$4,806,459
$2,628,233
D ividen ds on 1st p r e f........... (4)1,120,000 (3 M 934,735 ( 1 ^ ) 374,735 placed in trust. See V. 63, p. 404.
M ortga ge trustee, Central Tru st Co.; abstract, V. 54, p. 163, and ap
Surp. end o f y e a r (a ll cos.). $4,120,615
$3,871,724
$2,253,498 plication to N. Y . Stock E xch an ge in V. 54, p. 446. O f the bonds, $2,O f f ic e r s .—P res., G eorge F. Baer; V ice-Pres, and Sec., W . R. T a y lo r;
277,000 fo rm e rly ow ned b y the D en ver & R io Grande are guaranteed
Treas., W. A . Church; C om ptroller, D . Jones.
by the latter.—V. 70, p. 791. See fo rm o f gu aran ty, V. 70. p. 1295.
Directors—Joseph S. Harris, A. J. Antelo, George F. Baer, John Lowber
E a r n in g s —F or 2 months en din g Aug. 31:
W ea h, George C. Thomas, Henry A. Dupont, Henry P. McKean, Samuel Dick
2 mos.
Gross.
Net.
Charges.
B a l., sur.
son, Charles Steele.
1902............................$107,896
$59,708
$38,067
$21,641
Office—R eadin g T erm in a l Building, P h ila .— (V. 75, p. 442, 499, 849.)
97,225
47,H 2
35,717
11,435
1901................... ........
R e n s s e l a e r Sc S a r a t o g a R R . — R o a d .— Em braces 192 m iles, v iz :
F o r y e a r ending June 30, 1902, gross, $575,675; net, $262,541;
R oa d owned—
Miles.
Leased ( C o n tin u e d )—
M iles.
oth er incom e, $7,706; in terest, taxes, etc., $217,955; surplus fo r year
T r o y to L a k e C h am plain..... 79
F t. E dw ard to C a ld w ell...... 15
Leased—
V erm on t lin e to Castleton, V t .
7 $52,292. In 1900 0 1 ,gross, $539,529; net, $252,749.— (V T 71, p. 3 8 9 .)
R i o G r a n d e W e s t e r n R y . - (See Denv. < R io Gr. M a p .;—Owns C re
&
T r o y to W a terfo rd June., e tc .. 14 E a g le B rid ge, N . Y ., to R u t
vasse, Col., to Ogden, Utah, 3 l0 m., to W asatch, Bingham , Coal M ines,
Schenectady to B allston...... 15
land, V t .............................. 62
L e a s e .—L eased in p erp etu ity M arch 1,1871, to the D ela w a re & H u d etc., 117 m.; San Petejbranch, Th istle to M anti, 62 m iles; Sevier R a ilw a y
(p rop rieta ry lin e—a ll securities ow ned), M anti to M arys va le, 71 miles;
son, which, J udo , 1901, ow n ed $800,000 o f stock; rental, 8 p e r c e n t
T in tic R a n ge R y . (p rop rieta ry line, a ll securities ow n ed)—S p rin gville
on the stock and in terest on bonds. G u aranty on stock, V . 56, p. 773.
to M amm oth, and spurs. 48 miles; tota l owned, 595 miles; U tah Cen
Y ea r.
Gross.
R et (over (axes).
R entals.
B a l.f d e f.
tra l (stock o w n ed), Salt L a k e C ity to P a rk City, w ith spur, 34 m iles,
1900-1........... $2,636,183
$714,421
$1,033,683
$319,262
changed to standard gau ge in 1900. V. 71, p. 343. M in e spurs
1899-0............. 2,656,035
814.415
1,029,875
215,460
jo in t ly ow n ed w ith U nion Pacific, 2 m. Leases Crevasse to Grand
~< V . 73, p. 337; V. 74, p. 1088; V. 75, p. 342, 7 9 0 , 7 9 7 .)
Junction, 18 m. T o ta l oper., 662 m iles, besides 9 m. o f tram w ays.
R i c h m o n d Sc D a n v i l l e . —See Southern R a ilw a y Co.
H i s t o r y .—F orm ed in June, 1889, to succeed the D en ver & R io
R i c h m o n d F r e d e r i c k s b u r g Sc P o t o m a c R R . —Owns from
G rande W estern, b y plan o f March, 1889. V. 48, p. 429; V. 52, p. 941.
Richm ond, Va., to Quantico, 79 miles; Jam es R iv e r branch, 3 m ,; leases The Colorado M idlan d is con trolled b y parties interested se v e ra lly in
Quantico to Junction, etc., 3 miles, to ta l 85 miles; to be double tracked. the Rio G ran de W estern and Colorado & Southern.—V. 70, p. 739.
The divid en d obligation s carry no v o tin g power. Rich. & Petersb. Con
In June, 1901, p ra c tic a lly all o f the $10,000,000 com m on stock was
nection R R . stock o f $140,000 receives 8 p. c. dividends under lease. sold to D en ver < R io G rande at $80 per share, and in 1902 n ea rly all of
fe
T h e guaranteed stock is secured b y m ortgage.
the $7,500,000 p referred had been exch an ged fo r preferred stock of
T h e Richm ond-W ashington Co. (see b elow ) in 1901 took o v e r a the D en ver com pany on basis o f 10 shares fo r 11 o f D enver. V. 72, p.
m a jo rity o f the capital sto( k, bu t the “ union ” lin e o f th a t com pany 676; V. 73, p. 139.
has been operated b y R ich Fred. < Pot. officials since N o v . 1,1901,
fc
C a s h D i v s .— > 1891. ’92. *93. '94-6. 97.
'98
'99. ’00.
1901.
and separate corp ora te existen ce w ill be m aintained. V. 74, p. 149.
Com .,p. c. {
......................................2 p f.stk . l p f . stk. 5
D ivs.o n stock & ) ’91 t o ’93. ’94. ’95 ’96. ’9 7 .’98. '99. ’00. 1901. 1902.
3\
P ref., p. c ... 3%
5 3% None. %
5
51
*
5
div. oblig. p.c. ] 7 yearly. 6 ^
7 7
6^ 7 7 8
8
8
B o n d s .—See abstract o f 1st m ort. in V. 49, p. 237, and statem en t to
E a r n in g s .—11 m onths, 51901 2
Gross, $1,042,039; net, $393,078
N e w Y o rk Stock E xch an ge in V. 50, p. 73; also V. 69, p. 284.
July 1 to M a y 31.
(1 9 0 0 -1
Gross,
960,755; net, 374,395
T h e fir s t consol. 4s, authorized in 1899, are seourea b y a flrst m ort
R e p o r t .—R ep o rt fo r y e a r en din g June 30, 1901, w as in V. 74, p. gage, eith er d irectly or by a ll th eir securities, on 173 m iles o f branch
149, show ing: Gross, $1,069,758; net, $374,645; other incom e, *23,420; lines, and fu rth er b y a second lien on 438 m iles o f m ain line and other
interest, $49,546; dividends, $228,520 ; m iscellaneous, $60,000; bal., road, and on all new m ileage to be constructed and ro llin g stock pur
sur., $59,999. In 1899-0, gross, $993,252; net, $421,202; oth er incom e, chased, in clu ding 50 m iles o f branches to H eber and coal mines built in
'99; $15,200,000 are reserved to retire the 1st 4s, $2,163,000 w ere ex
$18,210.— (V. 73, p. 33, 1011, 1113, 1161; V. 74, p. 1 4 9 ; V. 75, p. 78.)
changed fo r $2,850,000 treasu ry branch lin e bonds; $10,000,000 have
R i c h m o n d Sc M e c k l e n b u r g R R . —K e y s v ille , Va., to Clarkesv iile , Va., 31 miles. R oad is leased b y South. R y. Co. fo r 50 years been sold; $8,000,000 w ere issuable at n ot exceed in g $500,000 p er an
num fo r equipment, and im provem ents. T h ey are also secured by a
from N o v. 1, 1898, fo r in terest on bonds. (V. 69, p. 391.) 8tock, $357,900 (p a r $100), o f w hich $300,000 ow n ed b y So. R y. Co. - ( V . 71, p. 1121.) flrst lien on the en tire $10,000,00u stock o f the U tah Fu el Co. A d d i
tion a l consols m ay also be issued at $20,000 per m ile fo r future
R i c h m o n d N l c h o l a s v i l l e I r v i n e Sc R e a t t y v i l l e R R . —See branches and extensions or fo r u nd erlying liens o f acquired roads.
L o u is v ille & A tla ’ic R R . - (V. 69,p. 180, 696; V. 71, p. 85; V. 72,p. 776.)
See application to list in fu ll, V. 72, p. 537. V. 72, p. 775,1189. Lis
R i c h m o n d Sc P e t e r s b u r g R R . —See A tla n tic Coast L in e RR. Co. o f securities dep osited as c o lla te ra l Ju n e 30, 1902, V. 75, p. 617.
E a r n i n g s .— F o r 11 mcs. ending M a y 31:
R i c h m o n d - W a s l » I n g t o n C o m p a n y . —Controls a “ union” lin e
W ashington, D. C,, to Richm ond, V a., 115 m iles, in the jo in t in terest of
11 mos.
Gross.
Ret.
Oth inc.
Charges.
B al., sur.
the fo llo w in g roads, viz., the P en n sylva n ia R R ., B a ltim o re & Ohio RR .,
1901-2..$4,886,754
$2,006,972
$33,810 $1,108,924
$931,858
A tla n tic Coast L in e Co., Southern R y ., Seaboard A ir L in e R y. and 1900-1.. 4,458,681
1,516,030
................................................ .......
Chesapeake & Ohio R y., each o f w hich ow ns one-sixth o f the $3,000,R e p o r t .— Results fo r 1901-2 are in clu ded in those o f the D en ver <
fc
009 ca p ita l stock; operation began N o v. 1, 1901. T h e en tire road
is to be double-tracked. V. 75, p. 78. In co rp o ra ted on Sept. 5, 1901, R io G rande R R . R ep o rt fo r 1900-01 in V. 73, p. 1157, 1164.
l e a r end. Ju n e 30—
1901.
1900.
1899.
1898.
and acquired a m a jo rity o f the v o tin g capital stock o f the Richm ond
662
620
584
566
Fredericksburg < Potom ac RR. and the en tire stock o f the W ashington A v e ra g e m ile a g e .......
fc
Gross earn in gs........ $4,907,208 $4,510,604 $3,352,988 $3,362,288
Southern R y., ex ten d in g from the south end o f L o n g B rid ge across the
N e t earn in gs............. 1,683,968
1,794,595
1,268,464
1,293,112
Potom ac R iv e r to Quantico, 36 m iles.— (V . 73, p. 843, 1011.)
O ther incom e.............
50,400
23,294
...........
...........
R i o G r a n d e J u n c t i o n R y . —Owns road R ifle Creek, Col., to a
c onnection w ith the Rio Grande W estern at Grand Junction, 62 miles.
N e t in c o m e ..........$1,734,368 $1,817,889 $1,268,464 $1,293,112
This is a connecting link in the standard-gauge route bet\Veen Ogden — (V. 73, p. 139, 1 1 5 7 ,1 1 64.)
and D en ver and Colorado Springs. Leased by Colorado Midland R a il
H I v e r F r o n t R R .—Junction w ith Ph ila. & T ren ton R R ., Lehigh
road (since foreclosed and reorga n ized as Colorado M idland Railw ay)
and D en ver & R io Grande at 30 per cen t o f gross earnings, which com A v e ., K en sin gton, to Dock St., Ph iladelph ia, w ith branch; tota l 4*62
miles. Leased to P en n sylva n ia R R . fo r 50 years from M a y 1,1882;
panies jo in tly and sev era lly guaranteed the bonds, prin. and int. F irst
rental n ow $28,000 and taxes, 5 p. o. bein g guaranteed on stock.
diV., 1898, 80 cts.; 1899, $ 1 2 0 ; 1900, $1 98; 1901, *3 75; 1902, $4.
R o c h e s t e r Sc G e n e s e e V a l l e y R R . —A von to Rochester, N. Y ., 18
Y e a r 1900-01, gross, $575,350; rental, $172,605.- (V. 66, p. 237.)
R i o G r a n d e S i e r r a M a d r e Sc P a c i f i c R R . —O rganized in M ex miles. Leased Ju ly 1,1871, in p erp etu ity to E rie R y. Rental, $34,012.
R o c k I n l a n d C o m p a n y . —In co rp o ra ted in N ew Jersey on July
ico in 1896; in corporated in N. Y State in June, 1897, when com pleted
from Ciudad Juarez v ia tlie S a n B la s Mountains, L a k e Guzman, Sabinal 30,1902, as a “ h o ld in g ” com pany ano acquired, p er plan V. 75, p.
240, the en tire stock ($125,000,000) o f the Chic. Rock Island & Pacino
and San Ped ro m in in g region, to Casas Grandes, 156 miles. E xten sion
proposed to G u errero, 156 miles, to m eet the Chihuahua < Pacific, R a i' road (n ew co.), whose bonds, tog eth er w ith the ntocks o f the R oot
fe
Islan d Com pany, w ill be In Id by the public. Iu Sept., 1902, over 90
and a projected lin e to Paciflo Coast. C apital stock is $3,120,000
($20,000 p er m ile) and bonds are authorized at $20,000 per m ile, o f p er cent o f tlie Chicago R. I & P a cific Ry. had been deposited.
S t o c k .— Comm on stock au th o rized $96,oOO,000; p referred $54,000,w hich $2,OOO.OnO issued fo r construction to July, 1898 In tere st on
bonds began Ju ly, 1899. E l Paso Southern R R . organ ized to build El 000. O f the com m on $75,000,000 is issuable, w ith $5 l ,50 ,000 pre
ferred as con sideration I r $75,000,000 stock o f the Chi. R. I. & Fao.
Paso term inals and R io G rande bridge.
Railw ay. Th e rem a in in g $2l,u00,000 comm on w ith $ 1,500,000 pre
D i r e c t o r s .— Presiden t, A . F oster H iggins; V ice Presiden t, E dw in D.
M organ; 2d V ice-P resid ent, A . G ifford A gn ew ; S ecretary, G eorge R o w ferred Is reserved fo r future acquisitions and o ’ her corporate purposes.
Th e p relerred stock is preferred as to ca p ita l and also as to nonland; Sidel Tilgliin an , John B. L a w ren ce Jr., W. M orton G rin n ell,
E dw ard M. Shepard and John T. T e r r y , N e w Y o r k offices are at 100 cu m u lative dividends at the ra te o f 4 p. c. y e a rly fo r 1903 and there
a fte r to and in clu d in g 1909, then 5 p. c. fo r 1910 and thereafter to
B ro a d w a y .- (V. 64, p. 611, 1138.)
RAILROAD STOCKS AND BONDS.
October 1003.]
J2 3
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,^When Du©.
A m ou n t
of
of
When W here P a ya b le, and by Stocks—L a st
Par
R a te per
F o r explanation o f colum n headings, &c., see notes
P a ya b le
W hom.
on first pa ge o f tables.
I Road. Bonds Value. Outstanding
Cent.
D ividend.
R A IL R O A D S .
Rome Watertown < Ogdensburg—&took, gw&T. (end.)|
£
1st M.,W at. & R .,R o m e toC a p e V in .,s.f.,not d r’n.c*
Consol. M .(int. only in go ld ,$500,000 are 3^ 8) F.c.
O sw ego B rid ge Co. 1st m o rtg a g e ...........................
Syracuse Ph en ix & Osw ego 1st m o rtg a g e .U le — !
N o rw ’d & M ont. 1st M., g., $360,000; $10,000 p.m.
R. W. & O g.Term . R R . 1st M., gold, assumed . ..c*
O sw ego & Rom e [Leased in p erp eu .],lst M ., guar.
2d M., g , gu. p. & i. (end) b y R. W. < O ..C e .c *
fe
U tica <feBl. R iv. st’k,7 p.o. perpet. g u .b y R .W .& O .
U. & B. R. 1st M., $2,000,000, g., gu. p .& i.. C e . C j
R utla nd —Stock, preferred (fo r com. see t e x t ) ........
1st m o rtgage (also $900 2d 5s)..............
........ c
F irst consol, m ort. fo r $3,500,000, gold. U s .c*<fer
Ogd. & L. Ck 1st M., $4,400,000, g., assu Ce..c*;
Rut.-Can.— 1st M., g., assum., $1,350,OOO.OR..C*
B en n in g & R u tla n d — 1st ref. M. g., assumed. N .c*r
2d M., gold, assum., subj. to ca 1 a lt. 1901 Co.c*i
Chatk. & Leban on V a lle y , 1st M ., $350,000 g . c
Consol. M ., $500,000, g.. p. & i , guar S _______
E qu ipm en t trusts, g , m a tu rin g $33,000 y e a r ly ..
Equip, tr. $ i ,500,000, g., $10u,000 y ’l y . A «.c<fcr.
R u tla n d T ran sit 1st M .,not guar. (V .7 0 ,p .5 3 4 )O R
R u tla n d c W hitehall R R .—Stock (no b o n d s ;..........
&
Sag.Tuscola < H u ro n —1st M. ,g. ,gu. ,p. & i.,end. C o. c*
£
St. C. Mad.<&St.L.Belt.—lstM ..,g.,$800,000,?’
St. Johnsbwry & L . Cham pl.—Stock, $1,298,500, pf.
1st M., $2,500,000 ($1,328,000 gu. by B .& M .) g.c*;
St. Jos. < Or. Is l. R y .—1st p f. stock, 5%, non-cum.
£
1st M., g., 2 p.c. 2 yrs., 3 p.c. 3 yrs., then 4.Cec*<fcr
St. Law rence & A d iro n d a c k R y .—Stock, $1,615,000
1st m ortgage, $800,000, g o l d . c o .......................c*
2d m o rtgage, $400.000, gold . C o ...........................
97
A ll
....
17
13
7
28
28
150
150
120
120
120
127
43^
59
59
58
58
• a. .
. aa.
„w „
„
7
66
....
131
....
251
■a a .
43
43
$100 $10,000,000
5
Q .- F .
M. & S.
1855 100 «fec.
6
417,800
1874
1,000
9,576,000 5 & 3% A . & O.
1885
F. & A.
......
100,000
6
F. & A.
1885
.................
6
175,000
1886
5 g. A . & O.
130,000
1888
1,000
375,000
5 g. M. & N.
1865
M. & N.
1,000
7
350,000
1891
1,000
400,000
5 g. F. & A.
'68-71
M. & 8.
100
1,103,000
7
1890
1,000
1,950,000
4 (?. J. & J.
....
100
9,057,600 3 in 1902 J. & J.
1872 100 &c.
1,059,100
6 (8) M. & N.
1891
1,000
2,440,000
41
ag. J. & J.
1898
1,000
4,400,000
4 g. J. & J.
1899
1,000
1,350,000
4 g. J. & J.
1897
1,000
500,000
4 ^ g . M. & N.
1900
1,000
500.000
5 g. M. & S.
1899
1,000
350,000
^ g- M. & N.
1901
1,000
150,000
4 g. J. & J.
1901
1,000
4 ^ g . M. & N.
44-^,000
1902
41
og A . & 0 .
1,000
1,500,000
1900
1,000
666,000
5 g. J. & J.
....
100
255,700
6
Q .- F . 15
1900
1,000
1,000,000
4 g. F. & A.
1900
1,000
768,000
4 g. J. & J.
50
3,848,500
1894
1,000
2,500,000
5 g M. & 8 .
....
100
5,500,000 5 in 1902 J. & J.
1897
1,000
3,500,000 2-3-4 g. J. & J.
. . al
100
1,615,000 See text. See te x t
1896
1,000
800,000
5 g. J. & J.
1896
1,000
400.C00
6 g . A. & O.
1916, in clu sive, and th e re a fte r 6 p. c. The p re fe rre d stockholders are
en titled to elect a m a jo rity o f the directors. Th e au th orized am ount
can on ly be in creased v ilh the consent o f tw o th irds o f each class o f
stock.
O f f ic e r s .—P resident, W . B. Leeds; T rea su rer and S ecretrry, D. GR eid; A ssista n t T rea su rer and A ssista n t S ecreta ty, G eo rg e T. B oggs.
Directors—W . B. Leeds. Wm H. Moore. D. G. Reid, F L . Hine, Geo. G MeMurtry, A. R, Flower Geo. S. Brewster and Ogden Mills. New York; R. R.
Cable. James H Moore and Marshall Field, Chicago ; H. C. Frick, Pittsburg,
Pa.; Geo. T. Boggs East Orange, N. J.
Finance Committee—W r . H. Moore, Chairman; W. B. Leeds, D, G. Reid,
J. H. Moore, F. L. Hine
—V. 75, p. 240, 550.)
R o c k I s l a n d <fc P e o r i a R y . —Owns fro m R o ck Islan d . 111., to
Peoria, ILL, 91 m ile s; R. I. & M ercer County R R ., 22 m ile s; branch, 5
m ile s; to ta l 118 miles. Leased b y the Chicago R. 1. & P a cific f o r 999
years from June 1, 1902, fo r fix e d charges and 6 p er cen t on the stock.
In Sept., 1902, the Chic. R. I. & Pac. had acqu ired by exch an ge, share
fo r share, fo r it - ow n stock a ll e x c e p t $31,500 stock not alrea d y owned.
V. 74, p. 1197, 1253 ; V. 75, p. 30. In y e a r en din g June 30,1901, gross,
$783,599; net, $61,446; oth er incom e, $7,303; in terest on bonds,
$27,000; taxes, $41,777; d iv (5 p, c.), $75,000; bal., deficit fo r year,
$75,030. D ivid en d s at 5 p. c. per annum h a ve been paid; in 1892 an
e x tra 10 p. c. was paid; in 1896 an e x tra 5 per cent. Presiden t, R. R.
Cable.— (V . 74, p. 1197, 1253; V. 75, p. 30 )
R o m e Sc C l i n t o n R R . —Owns road fro m R o m e to Clinton, N . Y .,
13 miles. O rganized in 1869. Leased in p erp etu ity in 1891 to D ela w a re
& H udson Canal Co. and operated b y N . Y . O ntario & W estern.
R o m e W a t e r t o w n Sc O g d e n s b u r g R R . —(See M a p New Y o rk
Central < Hvxlson R iv e r R a ilro a d .)—Owns from n ear N ia g a ra F a lls to
£
Massena Springs, N. Y ., 301 m iles, less 27 m iles, R ich land to East
O swego, leased from the O sw ego < R om e R R . and Suspension B rid ge to
fe
Lew iston Jet., 9 m i es; and tra ck a g e to Suspension B rid ge, 2 m iles;
Richland to Rom e, 41 miles; branches to Cape V in cen t, Ogdensburg,
Pulaski, Fulton, etc.. 110 m iles; total owned, 414 m iles. Leases U tica
6 B lack R iv e r R ailroad ($1,120,000 o f $2,223,000 stock o w n ed), U tica
to Ogdensburg, and Clayton branch, 150 m ile s ; O sw ego & R o m e R a il
road ($202,200 o f $214,900 stock ow n ed), 27 m iles, and N ia g a ra F a lls
Branch R R .. 9 m ; Carth. W atert. < Sack. H arbor, 29 m.; total, 629 in.
fe
L e ase .—I n 1891 leased during corporate existence and renewals to
N. Y. Central, which assumes the debt and guarantees 5 p. c. on stock;
guaranty, see V. 52, p. 463 Utica & B la ck R iv e r is leased in perpetuity,
7 per cent on stock guaranteed.— (V. 72, p. 1238.)
R u t l a n d R R . —O perates from B e llo w 's Falls, V t., v ia Rouse's
Point, N . Y ., to Ogdensburg, w ith branches to Bennington, V t., and
Ticon deroga, N. Y ., etc. C ontrols R u tla n d T ra n sit Co., op era tin g steamer h betw een O gdensburg and Chicago, Duluth, etc. O perates train s
into M on treal from N o ya n J e t o v e r Canadian Pacific.— V. 73, p. 958.
R R . L in es Owned.
Miles. I Leased, etc.—
M iles.
B ellow 's Falls, V t., to OgLin es to Ticon deroga, etc .,.. 21
densburg, N, Y ----------- . 279
|
------Paitland,Vt. to Chatham N Y 116 I T o ta l o p era ted ., ..................416
O r g a n iz v t io n .—L eased in 1370 to Central Verm ont, bu t h a v in g be
come Independent in 1398 set about d ev elo p in g a system o f its own
through the purchase, lease or construction o f the fo llo w in g lines,
which in 1901 w ere absorbed by consolidation, viz.: Benin k Rutland,
Rut.-Can., Ogd. < Lake Charnp. and Chat. & Leb. V a lley. A lso owns
fe
entire $100,000 stock and $100,000 4 p. c bonds o f the Rutland <k
Noyan R R arul en tire $1,000,000 stock o f R u tla n d T ra n s it Co. (See
V 73, p 43 ; V. 72, n. 88, 922.) In Dec., 1901, W . S ew ard W ebb ob
tained control. In June, 1 90 2,P resid en t W ebb’ s option on the Can
ada A tla n tic, it was understood, w as exten d ed
V. 74, p. 1197, 989.
St o c k
P referred stock outstanding, Jan.. 1902, $9,057,600, im la d
ing $2,790,000 o f $3,578,400 sold to stockholders at $90 p er share. Bee
V. 73, p. 1011, 1062; V. 74, p. 95. In Jan , lu02, all but $208,4OOeon>mon stock bad been exchanged fo r pref. on th e basis o f ten shares o f
cornrnon fur one share o f p referred . V. 72, p. 439.
D ividends ) Y e a r '90. '91. ’ 92 t o ’ 95. ’ 96. ’ 97. ’98. '99. '00. '01. '02.
on p ref.... £ P, C, 3
2
4 y e a rly .
2
1
2
2
3
4
3
In 1902, Jan., 2 p. eg Ju ly, 1 p. c. V. 74, p. 1356.
Ae- iirriulated dividends on preferre d said to a gg reg a te 130 per cent.
Bo n d s .--Consols o f 1891 fo r $1,365,000 can be Issued on ly in payrrunt of 1st 6s In 1902. V. 66, p. 13 90. Itiitlaiid-O anadian m ortgage
5 fur $ 1,350,000 (sue a d v t In C h r o n ic l e o f Ju ly 15, J899), Or the
s
$■'>00,000 Chatham & Lebanon 4s o f J901, $350,000 are reserved to
retire the 5* o f Js99
V 73, p. ! 06 1. In 19 >2 $1,500,000
per vent
equipment; bonds w ere sold. V. 74, p. 728.
R e bo u t .—R ep ort fo r yea r en din g .Tune 30,1901, In V. 73, p 10071899 00
1901 01.
1900-01.
A vcrage mlies operated . . . . . .
297
335
Gross e a rn in g s ,..,................ .
$2,072,981
$1,837,155
$1,862,236
Net earnings ...............
713,233
732.127
653,809
Total n et incom e,. . . . . . ___ _
817,726
674,619
917,789
Deduct—Taxes and rentals ..
85,392
82,467
l
619,886
I tcrest on bonds..
384,500
890,783
D iv, on p re f stock. 3%) 261,723 (4%) 169,56 1 (2%) 84,7 - 2
Balance, s u rp lu s .............
O f f ic e r s . - P re s ., W
$36,166
$31,805
$263,052
S e w a r d W e b b ; V i c e P i e s . a n d C l e r k , H . G . H rnJtli.
N. Y ., Gr. Cent. Station.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
C om pany’ s office.
Boston, N at. Shaw. Bk.
N. Y ., U. S. M ort. < Tr.
fe
N. Y . N a t. Ban k o f Rep.
Boston. N at. Shaw. Bk.
N. Y ., N a t. Bank o f Rep.
do
do
N. Y .. N at. B ’w a v Bank.
N. Y ., F irs t N a t’l Bank.
do
do
Co.'s office o r Boston.
B oston, Mass.
T ro y , U n ited N at. B’ nk.
N. Y ., Contin. Tr. Co.
Aug I S ^ . l ^
Sept. 1, 1910
Ju ly 1, 1922
Ju ly 1, 1915
Feb. 1, 1915
A pr. 1, 1916
M a y 1, 1918
M a y 1, 1915
M a y 1, 1915
Sept.30 ‘02,31s
July 1, 1922
Ju ly 15.'02,1%
N ov. 1, 1902
Ju ly 1, 1941
Ju ly 1, 1948
Ju ly 1, 1949
N o v. 1, 1927
Mch. 1, 1920
N o v . 1, 1919
Ju ly 1. 1951
A u g. 1, ’03-'12
Oct., 1903-17
Jan. 1, 1920
A n g 15,’0 2 ,lifl
Feb. 1, 1931
Jan. 1, 1951
Boston, Com p’ys Office. Mch. 1. 1944
N. Y ., C en tral T ru st Co. J u ly 15 ,'0 2 ,2 ^
N. Y ., C en tral Tr. Co. Jan. 1, 1947
Mch. 1,’ 0 2 ,2 is
N. Y ., C on t’l T ru st Co. J u ly 1, 1996
N. Y . , C o lon ia l T ru st Co. Oct. 1. 1996
Director?.—Percival W. Clement, Rutland, Vt.; Geo. L Ball, Edgar Harding,
Boston, Mass.; John W. Stewart, Middlebury, Vt.; W. Sewaro Wubo, Shelburne,
Vi.;Chauneey M. Depew, E. V. W. Rossiter, George Bird, S. R. Callaway, N Y.;
Treas . Clarence Morgan, New York; Gen. M^r., Geo. P. Jarvis.
- ( V . 74, p. 884, 938, 989, 10^9, 1090, 1197, 1356; V. 75, p. 240.)
R u t l a n d Sc W h i t e h a l l R R . —O w ns fro m N e w Y o r k State lin e
to Castleton, V t., 7 m ilea. L ea sed Feb . 1, 1870, in p erp etu ity to
the Rensselaer & S aratoga R R . (ren ta l $15,342—6 per cen t—on stock)
and so operated b y D ela w a re & Hudson.
S a g i n a w T u s c o l a Sc H u r o n . —O w ns Saginaw , M ich., to B ad A x e ,
66 miles. Stock, $600,000; par, $100. I n yea r 1898-9, gross, $147,448; net, $45,644; oth er incom e, $5,495. L ea sed to P e re M a rq u ette
R R . fo r 999 years fro m Feb. 1,1900, fo r gu a ra n ty o f p rin cip a l and
in terest o f bonds (fo rm V . 71, p 30) and m aintenance.— (V . 72, p. 88.)
S t. C l a i r M a d i s o n Sc S t. L o u i s B e l t R R . —O w ns b rid g e com
p leted across the M ississippi R iv e r at A lto n , 111., in 1894; also 2 miles
o f road. Th e b rid ge is 2,100 fee t lo n g and la id fo r double-track. In
A p r., 1901, re o rga n ized w ith ou t foreclosu re, p er plan V . 72, p. 288,
the o ld 5s re c e iv in g 125 p er cen t in the n ew 4s, w hich are subject to
ca ll at 105 a fte r 5 years, $32,000 h a v in g been re serv ed lo r fu tu re r e
quirem ents. In 1900 gross earn in gs w e re $80,894; n et o v e r ta xes
and ex tra o rd in a ry expenses, $32,321, V . 72, p 676. Stock, $500,000;
p a r $100
Treasu rer, L . A . H a n d y, 300 No. Fou rth St., St. Louis, Mo.
— (V. 71, p. 30; V. 72, p. 242, 284, 676, 822, 1081, 1238.)
S t. J o h n s b u r y Sc L a k e C h a m p l a i n R R . —Owns L u n en b erg,
Vt., to Maquan B ay, on L a k e Cham plain, 120 m iles, and branch from
N orth Concord, V t., to E ast H a ven , 11 m iles; tota l, 131 miles. T h e road
is operated in depen den tly although a m a jo rity o f the stock is ow n ed b y
the Boston & L o w e ll, leased to Boston & Maine. In y e a r 1901-02 gross,
$316, 10; net, $32,564; def. under charges, $44,832.
S t. J o s e p h Sc G r a n d I s l a n d R y . —L i n e o f R o a d — S t . Joseph,
Mo., to G rand Is la n d ,N eb ., 251 m iles. T rack a ge, St. Joseph to G ow er,
M o., o v e r S. F., 20 mile3, and G o w e r to Kansas C ity, o v e r K. C. & Nor.
Conn., etc., 41 m iles; to ta l tra ck a g e, 61 miles.
H i s t o r y .— A reorga n iza tion Feb. 23, 1897 (p er p l a n in V . 62, p.
784 ,950), o f the St. J. & G rand Islan d R a ilr o a d , sold in foreclosu re.
St o c k .—T he v o tin g tru st ex p ire d Jan. 1, 1902. V. 73, p 1314. Com
m on $4,600,500; 2nd p ref. 4 p. c , non cu m u lative 1st p ref., $5,500,000
(see ta b le a b o v e ); p a r $100.
1899.
1900.
1901. 1902.
D i v i d e n d s (p . c . ) ____. . . . . . . > 1898.
On 1st p re f
........ .......... 5
5
3
3
5
5
B o n d s . — T h e 1st m ort. in terest is 2 p. e. t ill Jan. 1,1899; then 3 p. e.
t ill Jan. 1, 1902 and th e re a fte r 4 p. c. Bonds fo r $500,000 re s e rv e d
fo r uses o f n ew com pany can not be issued to ex ceed $100,000 y e a r ly ,
and $1,000,000 can be sold o n ly fo r n ew m ile a g e at n o t e x ceed in g
$6,000 p e r m ile. M o rtg a g e is fo r $5,000,000. See listin g in V 64, p. 1138
L a t e s t E a r n i n g s . — 11 m onths en din g M a y 31:
11 m onths—
Gross.
Net.
In t., taxes, etc. B a l., sur.
1901-2.....................$1,23*,973
1900-1 .................... 1,301,955
$384,004
480,757
$ 1 10,*33
98,250
$273,171
384,507
A n n u a l R e p o r t .— F is c a l y e a r ends June 30. R e p o rt fo r 1900-01
w ith balance sheet in V. 73, p 1059 Showed: Gross, $1,399,955; net,
$588,300; interest, ta xes, etc-, $188,016; div. on 1st p ref. (5 p. c.)
$274,8^0; balance, surplus, $125,404. Presiden t, W illia m L. B u ll,
TTeas., H e n ry B u dge; Sec’ y, W. S. W ilson .— (V . 74, p. 380; V . 75, p. 30.)
St# J o s e p h S o u t h R e n d Sc S o u t h e r n R R * — Owns South Bend,
In d ., to St. Joseph, M ich., 39 m iles. A re o rg a n iza tio n o f the In d ia n a
& L a k e M ichigan R y., fo reclosed and sold Dec. 8,1898. V . 67, p. 1263.
Stock, $500,000 com m on and $200,000 5 p. c. p ref., to be h eld fo r
fiv e years in v o tin g trust. L ea sed to In d ia n a Illin o is & Io w a R R . fo r
50 years from Feb, 23, 1900. D ivid en d s o f 5 p. c. p e r annum on p ref.
and 2 p. c. on com m on are paid Mar. 15 and Sept* 15. N o bonds.— (V.
70, p. 481; V. 73, p. 554.)
s t. L a w r e n c e
A d i r o n d a c k R y . —F rom M alone, N. Y . (on
M ohaw k A M alone) to A d iro n d a ck Jet., 56 m iles, con n ectin g th e re w ith
he Canadian P a cific at Its St, L a w ren ce R iv e r bridge, M ontreal
D ividends, 2*$ p .c ., paid Sept. 1, 1901; in 1902, M arch, 2*2 p. o>,
paid frorn accum ulated surplus B ills p a ya b le June 30,1901, $203,339 ; equ ipm en t trusts, $104,918.
R ep ort fo r y e a r end. June 30, 1901, in V. 73, I>. 840. In 1901-2,
Gross, $ M 1.782; net, $97,487; other Incom e, $427; charges, $93,005;
bal., h u t , $4,909. Presiden t, W. Sew ard W ebb.— (V. 74, p. 42, 207,
939; V. 75, p. 78, 667, 794.)
s i m I j o i i I h R r l i A T e r m i n a l R y * —To own a double-track t e r
minal road ex ten d in g from Carondc-let. in St. Lmii Com ity, around
St. Bonin I d the Eada Bridge. 21 miles, childly fo r through freigh t, in
the .interest o f the .Minsourl Pacific, the St. Louis A San Prim cisco and
the 11iter-State (Jar T ra n sfer Co, In corporated in Missouri on Mar, 14,
J902, Stock authorised, $3,000,000, o f which $800,000 preferred.
Bonds to be $8,000,000 80 year 4s, of which $1,250,000 iHNUiible at one©
fo r construction. In Oct., 19 0 2 .Term in al HR. Association o f 81. Louis
was about to acqu ire the p rop erty
V, 7f>, p. -19.
President, W, K. K a va n a u gh ; Vice President and Oenernl M anager,
Ruwsell H a rd in g ; Bee. and Teens., J. V. Lockw ood.—(V, 74, p. 849.)
HU L o u » » Sc C a i r o H R . —Bee M obile & Ohio Bit. (V. 70, 532.)
S t. L o n ! * < t ’ u i r R ) . —On com pletion In 1902 o f the 17
\
miles from Pnscola to Gnllposu, Mo., w ill extend from Cape
Girardeau, Mo , soother y to L eech vlllc. Ark . 120 miles, with branch
from C a l l go a via Cam pbell to Garni h orsvllle, 55 miles, and other
INVESTORS’ SUPPLEMENT,
134
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ST. LOUIS, MEMPHIS
AND
Port Gibson
/.Hazleliurst
SOUTHEASTERN R. R.
a :ntd
c o n n e c t io n s
.
O ctober , 1002.]
RAILROAD STOCKS
AND
BOKDS,
125
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal, When Due.
Am ount
of
of
Par
Rate per When Where Payable and by Stocks— Last
For explanation of column headings, &o., see notes
N Whom.
Road. Bonds Value. Outstanding Cent.
Payable
on first page o f tables.
Dividend.
R A IL R O A D S .
L o u is B rid g e See T e r m . RR. A ss ’ n o f St L o u is
St. L o u is < O a iro —See Mobile & Ohio .
6
St. L o u is tfi H ilf— 8t. L. Ken. & So., 1st M., gold..c*
Pem iscot Dlv. 1st m ortgage, gold S S t............. o*
K en n ett & Oso. RR. 1st M., g ,int. rental. SSt.. o*
St. Francois V alley, 1st inert., gold, int. ren ta l..
Other boi ds. etc., assumed (V. 7+, p. 10 59)...... .
St. L o u is K ansas <£ N o rth e rn See W abash R y .
St. L . K a n . C ity <£ O ol.— 1st M , $ 0,000,600. g Sst.
S t.L . i t ctS .— 1st M., $13,000,000, g red 105OB.C*
St. L o u is M erck. B r . T e r m — 1st M., gu.p.&i., g.S S t.c
Meroh.B’g e ls tM .,re d .a ft.F e b .l, 1909, at llO .S S t
St. L . < No. A r k .— 1st M., g., $25,000 p. m .text. U s
£
St. L o r d s & S a n F r a n . —Com. stock, $64,000,000
1st preferred stock, 4 per cent, non-cum............
2d p f. stk. 4% n.-cu. $3 l ,000,000 .........................
K an City Ft. Scott & Memphis stock trust otfs..
Ohio. & East’n Illin ois stock trust c t's.—See tha
Refun din g m o r t , gold, $85,000,000.M o ..... 0*&r
N e w m ortgage, $18,000,000, go ld (see t e x t )......
U n d e r l y in g b o n d s .
2d m ortgage (now 1st), Series A, B & C, g o ld —
Mo.& W. D lv. istM .,g.,$ 5 ,0 0 0 yea rly dr. at 105.. c"
8t. L. < San F. col.trustgold.s. f. not drawn. U s . c
fe
Gen.M. ,g. (1st on 365 m.) $3,715,000 are 6s. U s e *
Collat. Trust mi rt. on branches, gold I n — c*
Consol. mort., $50,000,000, gold, no op tion .M e
Southwest D iv. M. $1,500,000 red. at par, g .C e e*
Cent.D iv. 1st M., g,$3,462,000,red.at 1023
a.Co.c*
8 t.
20
25
20
10
105
....
....
....
1.691
1.691
1,691
—See
t com
1,902
—
294
82
104
....
57
1,691
112
103
1891
1894
1897
1899
$1,000
1,000
1,000
1,000
$135,000
150,000
80,000
50,000
740,000
6
6
6
5
g.
g.
g.
g.
1901
1,000
3,030,000
4 g.
1902 l,000&c *3,834,000
4 g.
1890 500 &0.
3,500,000
5 g1889
1,000
6
2,000,000
1900
(?)
5 g.
100
27,408,700
100
5,000,000
4
....
100
16,000,000 See text.
that c om pany
pany.
1901 l,000& c a40,604,000
4 g.
1902
See tex t.
4 g1876 100 &c.
1.000
1879
1880
1,000
1,000
1881
1887
1,000
1896
1,000
1,000
1897
1899
1,000
F.
A.
J.
J.
& A.
& O.
& D.
& J.
St. Louis, Mo.
do
do
Chicago, 111.
J. & J. N .Y ., M orton T r.& St.L.
J . &, J. N. Y ., Comp’y ’s office.
A. & O. N .Y .jF ’rs L.&Tr. & St.L.
F. & A. N. Y ., Farm . L. & Tr. Co.
Feb.
A pr.
June
Jan.
1,
1,
1,
1,
1921
1914
1917
1919
Ju ly
Jan.
Oct.
Feb.
1,
1,
1,
1,
1951
1952
1930
1929
See t e x t
See te x t
Checks m ailed.
do
Oct. 1, ’02,1%
Sept. 1 ,’02,1%
J. & J.
.......
N. Y ., M orton T r. Co.
Ju ly 1, 1951
2,051,300
6 g. M.
141,000
6 g. F.
203,000
6 g F.
5 & 6 g. J.
9,517,000
439,000
5 g. A.
1,593,125
4 g. J.
829,000
5 g. A .
145,000
4 g. A.
& N.
& A.
& A.
& J.
& O.
& J.
<fcO.
& 0.
N. Y ., M ercantile Trust.
do
do
N. Y ., U nited States Tr.
N .Y ., M ercantile Trust.
N. Y „ Union Trust Co.
N. Y., M ercantile Trust.
N. Y ., M ercantile Tr. Co.
do
do
N ov.
Aug.
Aug.
July
Oct.
Ju ly
Oct.
A p r.
1,
1,
1,
1,
1,
1,
1,
1,
1906
1919
1920
1931
1987
1996
1947
1929
* In Sept., 1902, $87,000 Southern Missouri & Arkan sas bo nds w er e outstandin ga E x clu sive o f $3,091,000 additional in treasu ry o rd eposit ed in sp eoial trusts; fo r unde rly in g b onds deposited as secur ity, see tex t.
brandies, 37 miles; also bad under construction from M alden, Mo., to
Clarkton, 8 miles; tota l o f all, 2 1 0 miles. A consolidation on M ay 1,
1902, o f tbe St. Louis K en n ett & Southern R R. and allied lines con
trolled b y Louis H ouck ami as-ociates. V. 74, p. 938,1039, In Sept.,
1902, President Louis H ouck resigned and it was expected that tbe
road and i he St. Louis V a lley Ry. w ould be consolidated, and i f not
im m ediately eventu ally becom e part o f tbe Gould system. V. 75, p.
499. Stock authorized, $5,' 00,00o.
D ebt assumed, m ostly, i f not all, in bonds, $1,155,000.— (V. 74,
p. 938, 1039; V. 75, p. 499.)
St. L o u is I r o n Hit. 6c S o u th . R y . - See Mo. P ac . R y . System .
S t. L o u i s K a n s a s C ity 6c C o lo r a d o R R . —Forest Pa rk (St.
Louis) to Belle, Mo., 105 miles; branch, 3 miles; trackage, F orest Park
to U nion Station, St. Louis, 4 m.; also under construction w esterly 76
Miles to and beyond Versailles, Mo.; contract let thence w est to Kansas
City, 120 miles. In M ay. 1902, the Chicago Rock Island & Pacific Ry.
acquired the roan and is extending it to Kansas C ity to form fo r the
R. I. a line into St. Louis V.74, p 938; V. 75,136,794. Stock author
ized, $20 000,000; outstanding A pr., 1902, $1,939,800; p a r,$100. Bonds
are issuable at $30,000 per m ile o f m ain line. President, Wm. B. Leeds,
Chicago, DLL; Sec and Treas., W . P. Ken n ett.— (Y. 72, p. 33; V . 74, p.
938; V. 75, p. 78,136, 794.)
St. L o u lu M e m p h i s 6c S o u t h e a s t e r n R R . —( See M a p )—To ex
tend from St. Louis, at a connection w ith St. Louis & San Fran. R R., to
Luxora, A ik ., w ith branches, in all about 420 miles, form ing in con
nection w ith the St. L. & S. F. RR., w ith which a trackage and traffic
contract has been made, the shortest lin e betw een Birmingham,
Memphis and St. Louis. O f this, 2t>6 miles are completed, and balance,
154 miles, including extension from Cape Girardeau, Mo., to St.
Louis, 120 miles, are under construction, to be com pleted in 1902. In
Aug., 19t 2, the Memphis
Chicago R y. was incorporated w ith $200,OOO authorized stock to build a line from Cape Girardeau, Mo., to a
connection with the Chic. & E. 111. at Thebes, 111., the St. Louis Me uphis & L ittle Rock R R., with $1,250,000 authorized stock, was under
construction from H o x ie to L ittle Rock, 125 miles. Y . 75, p. 291.
O r g a n iz a t l -n .—A consolidation in January, 1902, o f the Southern
Missouri & Arkansas RR., Cape Girardeau & Northern R y. (V. 73, p.
1161), H o xie Pocahontas & N orthern R R (V. 73. p. 958), St. Loui3 &
Memphis Ry. and pa t o f Chester P e rry v ille & St. G en evieve Ry.,
and to build extendon s namefi above. Stock authorized, $12,500,000,
o f which the St Louis & San F rai cisco owns a part. V. 74, p. 1140.
Stock . -T h e stock has been deposited in a v o tin g trust fo r 10 years,
John F, Shepley and H ow ard E llio tt o f St. Louis, F. H . Prince, Geo.
H. Norm an and New m an Erb being the vo tin g trustees.
B onds . - O f the 4s o f 1902 (present issue lim ited to $8,530,000) $5,■>00,000 have been underwritten b y N e w York, St. Louis and Boston
capitalists. In H ep t, 1902, only $87,000 South Mo. & Arkansas
bonds rem ained outstanding. Y . 74, p. 207, 268.
Of f ic e r s .—Chairman o f Board, F rederick Prince; President, N ew
man Erb; Vice-President, E. F. Bloroeyer; Secretary and Treasurer,
Y an R. Caldwell. Directors, V. 74, p. 95.—(V. 75, p, 291.)
S t. L o u i s m e r c h a n t s ’ B r i d g e T e r m i n a l ll y . • — r g a n iz a
O
t io n , - Double-track road from near Union D epot, v ia M ain Street, H a ll
Street, Ac., to F erry Street, opposite tbe Merchants’ Bridge, 7 miles. It
owns and controls the Madison 111. & St. L. R y., connecting tbe tow n
o f Madison and East St. Louis, 8 m iles; total, 15 miles. Leases M er
chants’ Bridge fo r interest on the Bridge Company’ s $2,000,000 bonds.
Stock authorized, $3,500,000; Issued to July 1, 1899, $2,939,500:
par, $100. On Dec. 31,1900, there w as due to Term inal RR. o f 8t. L.
$1,008,489 f o r advances under its guaranty. In N ov.. 1893, Term inal
RK. Association o f St. Louis acquired control o f this company and
uaranteed by endorsement the principal and interest o f its $3,500,000
rst m ort. bond-, and the in te r till on $2,000,000 Merchants’ B ridge 6s.
The 6s are subject to call a fter 20 years at 110 and Interest.
Earnings .—Y e a r 1900, gross, $762,510; net o ver taxes and rentals,
$188,344; Interest, $193,270; deficit, $4,926.—(V. 62, p. 3 6 2 .)
81. L o u i s 6c N o r t h A r k a n s a s R R . —Seligtnan, Mo,, connecting
with the Ht Louis 6s San Francisco Ry., to Harrison. Ark., 688- miles;
extension from Harrison to Leslie, 60 mi Ies, under construction, o f which
40 miles was in operation Bupt. 15, 1902.
Successor by purchase Feb. l, 1900, to Eureka Springs Ry. in Apr.,
1901, extension wa i completed to lead mines at H arrison, Ark., 50 in.
The first m ortgage at 1900 was to secure $3,212,.'<00 ft p , o. gold
bond.-, on ci.;i.-e
,.w) line of 128 •- miles, at $25,000 per mile,
per plan V. 6!), p. 04ft. Stock, $1,250,000; par, $100. F or 2 inos. ending
Aug. 31, 1902. groan, 437,*50; net, $17,776. In year ending June 30,
1902 (71 m iles), gross, $2.u,803; net, $101,085; Interest, $80,525;
bai„ but., $ 15,460.— (V. 70, p. 281; V. 72, p. 45; V. 73, p. 900).
8t. L o u i e & O k l a h o m a C it y B y . —See Bit Louis & Ban Fr. RR.
81. L o u i s 6c S a n F r a n c i s c o B B . — (See M a p .) —
Organization Organized. I
__ H
„„
JPdPPppW
June 30, 1896, to succeed to
and franchise?! of too Hallw ay company soul in foreclosure and r
per pla n In V. r.i, p. 39 and 1140—see also p. 742. Central D iva
of AM. A f'ae., 1Ig min i , v. ah purchased in July, 1897. V. 65. p 1
The Kansas City Fort Huofct <. Memphis By., Kansas City. via M
v
phis, Ten re, to Birmingham, Ala., with brauohcs, a to ’ al o f 768 ml
was acquired in 1901; its entire stock Is owned and road leased
interest on bonds and 4 per cent on preferred stock trust eortlflc.a
me new refunding bonds being guaranteed, principal and ju te r i
f
See K. C. F o rt Scott & Mem. in this Su pple m e n t , and V. 72, p. 438,
532, 581, 1238. In M ay, 1901, acquired o ver 90 p er cent o f the stock
o f the Ft. W orth & R io Grande Ry., F o rt W orth to Brown wood, T ex .,
146 miles. The St. Louis < Oklahoma City Ry. Co., Sapuipa, Ind. T er.,
fc
t> Oklahoma City, 103 miles, was purchased in 1899. V. 68, p, 332,
674. Control o f Chicago < E astern Illin o is, 738 miles, w as acquired
fc
in Aug., 1902, see below.
R oad .—A s shown b y the map, the system em braces: USee this Co. 1
L in es owned —
M iles.
Leased —
M ile s
St. Louis, Mo., to Paris, T e x . 584 K . C. Ft. S. & M. and trackage. H853
Springfield, Mo., to Knoche
C o n tro lle d a n d o erated —
Jet. (Kan. C ity), M o ........... 186 Kan. City M em & B irm ....... 286
Monett, Mo., v ia Oklahoma
F o rt Worth & R io Grande_ TT146
_
C ity,O .T.,toC h iokasha,I.T. 301 Red R iv. Tex. & South. (incL
Sapuipa, I.T .,to Denison,Tex. 198
3± m. track to Ft. W o r th )..
87
Peirce City,M o.,to E llsw ’ h.K. 323 Paris & G reat N o rth ein RR.
17
Beaumont, Kan., to Choctaw
St. Louis San. Fran. & T ex a s
N orth ern Crossing. O. T ... 163
R y ........................................
16
Branches in Missouri, K an
sas and Arkansas.............. 239
T o ta l (including 128 miles
T ra ck a g e—
t r a c k a g e )......................... 3,414
Knoche j e t . to Kansas C ity..
4
Operated separately —
Denison to Sherman, T e x ___
9
Chicago & Eastern Illin o is ... 1T738
2,007
4052
T o ta l system Aug. 1,1902, about
1 A lso owns jo in tly w ith the A tch. Top. & Santa F e th e Kan. South
1
w estern R y,, Arkansas C ity to A nthony, Kan., 59 miles.
si
't
In Aug., 1902, the Oklahoma City & Western Ry. w as under con
struction as an extension from Oklahoma C ity southw esterly to
Quanah, Texas, 184 miles, o f which Oklahoma C ity to Law ton ,
Okla. Ter., 100 miles, completed. The Birm ingham B elt R R ., ow n in g
16 miles o f traok around Birmingham, A .a., was purchased; also con
tro l o f the Arkansas & Choctaw R y , under construction from H op e,
A rk., to Ardm ore, In d T e r , 223 miles, o f which 99 miles, from Ash
down to Soper, com pleted in Aug., 1902. Y. 74 p 1197; V. 75, p. 75,
343 A n extension is proposed from St. Louis to Shelby v ille, 111., 95
miles, at a connection w ith the Ohio. & East. Illin ois. V. 75, p 291.
H as trackage and traffic contrac t w ith the 8t. Louis Memphis &
Southeastern RR., ot whose stock p art is owned, and whioh when com
pleted w ill g iv e the St, L. & S. F. a short through route from St, Louis
to Birmingham. V . 74, p. 1140. v! 31 8
0)8
St o c k .—I n M ay, 1901, an increase in the stook from $50,000,000 to
$100,000,000 was authorized ($15,000,000 o f the n ew stock b ein g 2d
pref.) in connection w ith the authorization o f the refunding m ortgage,
in order to com ply w ith existin g laws. None o f the additional stock,
it is understood, w ill be issued at present. V . 72, p. 723, 1081.
The
company reserves the righ t at any tim e to redeem
either or both classes o f its preferred stock a t par in cash. Provision s
of the pref. certificates w erein Su pp le m e n t of A p ril, 1897, page 6.
D iv id e n d s .—
1897
1898.
1899.
1900.
1901.
1902.
F irst p referred ____ .2 p. ot. 4 p . ct. 4 p. ot. 4 p. ct. Below , B elow .
Seoond p referred ................ 1 p. ot. 2 p. ot. 2 p. ot. Below . B e lo w .
In 1901, on first preferred, Jan., 2 p. e.; July, 2 p. c.; Oot., 1 p. c.;
1902, 1 p. c. qu arterly (Q.-J.l; on second preferred, 1901, Mar.. Ha
p, o.; Sept., 1 p. o ., Dec., 1 p. e.; 1902, to Sept., inel., 1 p. c. quarter
ly. In la tter h alf of 1901 dividends on both preferred stocks w ere
changed from semi-annual to qu arterly.
_ >
_
Bonds—Consol, m ortgage o f 1896, see abstract in Y . 64, p. 186.
Th e stockholders w ill vo te on N ov. 10, 1902, on Issuing a m ortgage
to secure $18,000,000 4 per cent gold bonds. See V. 75, p 733.
The refunding 4s o f 1901 are lim ited to $85,000,000, of which $62,500,000 w ere reserved to refund the underlying bonds and the re
mainder for extensions, acquisitions, im provem ents, etc. On Ju ly l ,
190 1 $36 258,950 of the $51,574,000 old bonds, including the entire
issue- o f the Kansas City D ivision (147 miles) and St. Louis Oklahoma
< Southern Ry. (Svpulpa to Denison, Tex., 197 miles), together w ith
fe
$3,044,200 Fort W orth & Rio Grande Ry stock, had in en deposited
under the m ortgage; when the rem aining $15,350,010 are e x
changed the refunding issue w ill become a hrst, and only d irect or
collateral lien on 1902 miles o f road. O f the underlying bonds outsta (iiug $2,050,300 (first m ortgage on the lin e from Paoiflo to
Seneca and branches, in all 294 miles) mature in 190(5 and $1,402,600
are subject to n dem ption at the com pany’s optl n on short notice.
The underly ngbonds, which were deposited on.1uly l. 1902, as addi
tional security under the refunding mortgage, and which arc technic
ally kept allvis, were as follows:
h
l7
A li & 0.8ft o f 4900............ >3,580,700 Boul.hwosl. Dlv. O ............. Sr 1,000
..... ...... 1,817,000
Mo. A W. I»lv. 8b ................ 870.100 Cunt. Dlv. 4m
t. ,.
0
H !,. W oh. * Wusfc. III....... 1,004,000 H 1 os la. * Ho.-hi (all)..... 4.flu ,000
I..
u
Trust Of laSO...............
7 0 0 KihiMh < d.y inv. in (all)...... 8,!H!4,000
:1 ,0 0
do
Jo
;t« (all)...... luu.ooo
hi,. H
c.ot.i ,t Van Duron lir. O . I - 1,0 1
n
0)
1
Gun. mort. O o f IHHl......... 4,000,000 Non 1 worn. Dlv. I................ 1,240,000
n
do
O .................. 0,478,00
h
Trust B* of 1887 . . . . . . . . . . . . . .
000,000
G e n er al F inances .—As to new acquisitions in 1901 sec “ organiza
tion " above. Capitalization per mile of road June 30, 1902: Stuck,
$1 4,723; bonds, $37,335; interest Charge, $1,465.
The voting trust was dissolved July 1, 1901.
IN TEST ORS’ SUPPLEMEN T.
196
Chamberlai
[T ol . l x x v .
____
, Albert Le
X
__________ 1 ___ /
/ \ LJle
Armstrong c—_ /
ertage
U ADI 8 ^ 1
Stuart
cfetotA
Butka
n
oCalla way
Sycamore /
._Clinton^iFulton
Elmjxa.
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J Humplugy V cribnLr^ ^ .
/
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f
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GuthrieCen. Q
W
N
E
S
^^X^Gcno/t
Schuyler
V r e n Tont^Veola J - --- -Allant-L——
^
I 7
»on lo
O
COUNCIL BLUFFS---- „ .
Browste
Dixon
'
*'
'LaSall
.Boston!
T^CGalva
Galesburg
Humesfon
.istings
Minden
Orleans
^Exeter
Princeton 1
DeWitt
Pienw/od Jc.'
Blue Hill
Lestei
Arlington
,Superior
.AJIuena
nr ..
.’ Milan
Gault
o'
•lie V.,
Lenora ______ SmithCen.
Hano rer
CourtUnc
Sabetha
Clifton
J oseph X
Chjliyothe J
^ucklin
Cumeyon X \
Lattee
>rtorr
Stockton
Waldo
Hill Cy.
VHP
Barnard
7~TT A
Macon
Brunswick
Milton vale'
C \c®_
Marslmll-
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?lora
o.
i.age Cy
S
Albert
rColumbla----- '^BowlingS^\\ }
M :
Oteen A
Mexico
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Cuiv re Jc. uWMtor
JG11more
Rhineland
. S t.C h ^
ligbeo
vtton
La Cross©
Irion
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Ness Cy.
Jetinore
r
/
6 Olear
Larned,
Klnslev y y
Staffed..
X
sr
Tur<
lefont
Jenton
Cull Ison,
Pratt
Greensburg_____ ___Rfl*0
Cold>v^tei^<r
Lake
ihairaee
\PurkeV/ „
DeKovei
'Norwich
C.GfrardeauJf ?\
l ^ p e j W cl]in?tol!i
ceenville
1dwellj
^ n gjewood
Kiowa
;airo
reckham
Dexter/ CQlilunbusf
S^Camp
^^upply
\V
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Pond
fckinan?
Woodwin-d^^ - ^
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fulton
Maiden V
Unijin Cy.
Shattuck
artin
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Id jfD yers burg^
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utoga PKingflshJer
[’Edmond
VuxO R A
HiirqboldV
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C\arendo
Benton\
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tneiiner
Oxford f ' ^ ^ ® P el°
Coaho
’Swan L
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C W k id tX
o L ank
P0Dt0k)0
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Wichita Fall
(nterCy. )
Foj dyc?>
Seymour^
Blind ee
Hope
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— <j-
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MoNei:
Defmott(
Elizabetl
pr^enville
)Estill
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Portland I
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llbany
Sweetwater
TEXAS
Build
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7
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Fanuerville
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Sngv»ew 1
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Obcrli
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f f i at*rpritt
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Forest Hil
Liberty
sou.
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Falls
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■ Johuson A U S Tm iC
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Kcrrvillo
k Woodv tile
TP
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darriston
Icxandria
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[CohnesneU
Hickory
----------- - a —
Forest
Waverly
Vntchitoches
f±’
Crockett \ \ ( Lu{kln
Y£r)
oWiunsboroT
v"^ Heruiau
WA>1 T v .
fjColu/ >biJ
Gansville
Nacogdoches
Mexia
Lm paW D -r-i Pendleton!
/ 1
0/ ^ T iw p s o n 'V , o
Husk
Philadelphia
Bosco
Joaqui
'r 1
.1. -Aaqum
Jacksonville
W £
JX
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V a l l e y ' V
C r a w fo r d '
MC QREOOr I10
Scooba1
'JACK:
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Jon
Yazoo fy .
Swe'&es
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Bienville
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ftlQldon< ' r \\
B l R N l 'i 4
West. Point
J U ^ F '
\ \ p Pars
son
Uv\^7 Greenw<
^arabprg o
Mineral Wells
Weatberfor
Gordon
■
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McOeJu
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R A N C IS C O
AND C O N NEC TING L I N E S .
RAILROAD STOCKS AND BONDS
O cto b er , 1902 |
197
B on d s—P n n ciIN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Due.
A m ou n t
R a te per W hen W here P a ya b le, and by Stocks— L a st
Par
of
of
F o r explan ation o f colum n headings, <feo., see notes
Road. Bonds Value. O utstanding
Cent.
Payable
Whom.
D ividend.
on first pa ge o f tables.
R A IL R O A D S .
S t . L o u i s & f a n F r a n . — (C o n c lu d e d )—
N .W .'D iv.M .(W icli.to E llsw .), $1,300,000,g.Co.o*
St. L.W ich. & W. 1st M.. red. at 105, g o ld .............c J
Ft. S. & V .B .B rid ge 1st M .,g.,dr.atl05,guar.p.tfci.c*
Equ ipm ent notes, p a ya b le s. a. (V . 73, p. 1310.)
E qu ip notes, g , ser. B , red. p a r.,$62,000 due s.a
do
do g sor O
__„ ...........
St. L o u . S oulhw — Is tM . ctfs.,$16,500 p. m., g .C e o'
2 d M . 4% inc., $10,000.000,non-cum., gold .M e.c*
1st consol, m o rtgage, $25,000,000, g o ld . «.e*<fcr.
G ra y ’ s P t. T e rm ’l, 1st M., gu., p .& i.e .g .S S t.c &r
S t.L .T r o y & E . —1st M. .$600,000,g. ,red .text [TI S t c<fcr
St. L . V a lle y I st M., $5,500,000, red., te x t.S S t.C "
St. L o u is W ich ita & WesVn —See St . L. & S. F r a n .
St. L . W a lk . & G u lf - 1st M., $1,225,000, g. & £ . F .
St. P a u l <• D u l u t h - See N o r t h e r n P a c if i c .
£
St. P a u l E a s te rn & Q r. T r u n k — Is tM ., g ,in t. gu .cr
St. P a u l M in n . & M a n ito b a —See G re a t N o rth ern —
St. P a u l < N o . P a c ific — See N o r t h ’ n P a c if i c R R .
&
St. P a u l U n io n D > p o t— 1st M., g., int. as r e n t a l...
Consol. M., go ld ($100,000 are 4s), int. as ren tal
Salt L a k e <£ L o s A n geles— 1st m ort., g o ld .IT Io . c
San Antonio & A ra n s a s Pass—S tock ............. „........
1st M., $21,600,000 g., guar. p. & i. (end.).Ce.o*<fcr
San Antonio < B row n sv — 1st M., g., $16,069 p. m .
&
San Diego Cuyam aca & East. R y — 1st m ort., g.OTe
Sandusky M a n s fie ld & 6'ewark— See B a l t . & O h i o .
Sanford & St. P fb u rg — 1st M .,g.n ot g u a r . P e P ......
Do
guar. p. & i., end. S. F . & W . P e P ........
San F ra n . & N o . P a c if ic — le t M ., gold, s. f.I?Ie.o*<frr
Cal. N o rth w ., 1st M ., $2,000,000, g., gu.p.& i.,s.f.
Ban F r a n , d S a n J o a q u in V a t .—See A t c h . T o p . &
S a n ta Fe C e n tra l— 1st M., $2,500,000,g.P P i ..........
$500<fco.
1,000
1,000
5,000 &o
4,000&c
101
1902
$ & £
983,360
56
1883
1,000
1,120,000
....
....
15
1880
1894
1893
1,223
1,223
1,223
16
13
687
275
25
153
153
165
60
8. F e .
—
i,o o o
500 &c.
1,000
1,000
500 &c.
1,000
1894
1894
1889
1898
100
1,000
1,000
1,000
1902
1,000
B a la n c e .
s u rp lu s .
$412,570
654,025
A n n u a l R e p o r t .— R ep ort fo r th e y e a r en din g June TO, 1902, show
in g operation s o f system , com parison bein g m a^e w ith the same lines
fo r the p reced in g year, w as given at len gth in Y . 75, p. 852 to 856.
See also editorial, p. 8 4.
Y e a r ended J u n e 30—
1902.
1901.
A v e r a g e m ile s...........................................
3,252
2,923
Gross ea rn in gs................................... ...... $21,620,882
$19,324,279
N e t earnings ...........................................
8,148 410
7,914,392
8,345,572
T o ta l n et incom e. ...................................
8 , 101,200
Paym en ts— In terest on bonds........ .....
3,191,720
2,586.658
1,887,672
R en tals o f leased l i n e s ......................
2,434,069
T a x e s ..........................
360,759
338,074
75,097
M iscellan eou s........
81,546
D ivid e n d on 1st p r e fe rre d ................. (4%) 199,742
(4%) 200 0 0
D ivid en d on 2d p re fe rre d ................. (4ft.) 605,539
(2 ^ % ) 400,000
(4%) 395.920
D iv on K . C. Ft. S. & M com. sto ck .......................
E xp en d ed fo r construction, A c .......................... . . .
220,619
$1,997,159
O f f ic e r s — Presiden t, B. F. Yoaku m ; V ic e Pres, and Gen. M gr., B.
L. W in ch ell; V ice-P resid en t and G eneral Auditor, A le x a n d e r Douglas;
S ecreta ry E x e c u tiv e C om m ittee, F re d ’ k Strauss; Y ice-P res. and Asst.
Gen. Mgr., <\ H. Beggs; S ecreta ry andTreas., F ra n k H . H a m ilto n ;
Asst. Sec. and Asst. Treas., J. S. Ford. N. Y . office, 25 B road St.
D ir e c t o r s — (N o v., ’01) Is a a c N . Seligm an , J. A. B la ir, E. C. H en der
son, F red ’k Strauss, M ark T. Cox, o f N e w Y o rk ; N a th an iel Th ayer,
Beil). P. Cheney, Richard O lney, o f Boston, Mass.; H . C. Pierce, Geo. A
M a d ill, Richard C. Kerens, B F. Yoakum , Jame» C am pbell, St. Louis.
— (V . 75, p. 30, 240, 2 8 8 , 291,318, 612, 733, 8 4 6 , 849, 8 5 2 )
H U L o u liw 811 o a m
6c S o u t h e r n
& 0 N. Y ., M erca n tile Trust. A pr. 1, 1930
do
do
& 8.
Sept. 1, 1919
do
do
& O.
Apr. 1, 1910
N. Y ., B la ir & Co.
& D.
D ec., IS 02-11
< A
ft
Feb. 03-A u g T
12
4 g=
4
4 g.
5 g.
6 g.
4 g.
=
M.
J.
J.
J.
J.
J.
& N.
& J.
& D.
& D.
& D.
& J.
5
J. & J. N e w Y o r k and London.
6 g-
J. & J. O ffice,C .& N .W .,52 WaH. Jan, 1, 1913
g.
g.
g.
250,000
6 g. M. &
250,000 4 g.& 5 g. M. &
300,000
6 g. J. &
5,000,000
1893
18,900,000
4: g. J. &
1900
N ’ne A p r .’ 02
5 g. J. &
550,000
1888 500 &c.
6 g. J. &
E ASKINGS.—F o r 2 m rnths, J u ly 1 to A u g. 31:
G ross .
N et.
O ttie r
C h a rges
2 m os.—
e a r n in g s .
e a rn in g s ,
in co m e .
< taxes.
&
1902...........$3.846 603 $1448,948 $27 170 $1,063,548
1901
. . . . 3,446,104
1,450,853
17,016
813,844
R oad operated 3,464 m iles in 1902, against 3,227 in 1901.
$1,472,197
g.
A.
M.
A.
J.
F.
4
6
6
4
4
1,000
1,000
1,000
100
1,000
I n A u g., ) 902, con trol o f tlie Chicago & Eastern Illin o is R R . was a c
quired, the St. L. & S. F. g iv in g in exch an ge it.*' stock tru st certificates
at th e ra te o f *250 fo r each $100 share o f com m on stock and $150 fo r
each $100 share o f p re fe rre d stock, upon -which 4 p. o. dividends are
paid. ?ee Chicago & E astern Illin o is on a p reced in g page and Y . 75,
p. 291, 393.
Stockholders o f record June 30, 1901, subscribed to $11,650,000
4 p er cen t go ld refu n din g m o rtg a g e bonds o f th e Kansas C ity Fort
Scott & Mem phis R y. due 1936, gu aran teed p rin cip a l and in te rest by
the St. L. & S. F., and $13,510,000 in 4 p e r cen t p referred stock trust
certificates o f the K . C. Ft. S. dr M. issued again st the p referred stock
deposited in trust. Y . 72, p. 1238. See K , C. F t. S. & M.
B alance, surplus.
$50,000
306,000
72,000
1,245,000
1.240.000
1.040.000
20,000,000
3,272,500
12,054,750
339,000
600,000
N ’re O ct.1 ’ 02
1900
1879
1885
1901
1902
1992
1890
1891
1902
1897
1899
1901
106
145
....
....
—
I t R . —See Y . 63, p, 30.
St* l<o t i l * S o a t l i w e s t e r n R y . — {See J ira p .)—Em braces:
L in e s O w n e d M iles. \ O t h e r LrNES—
M iles.
Cairo to O a tesville, T e x - .—
723 f G ra y ’ s P o in t Term . R y ......
16
Branches to L ittle Rock,
i T ra c k a ge to Cape G irardeau,
S h reveport, F o r t W orth,
to Sherman, e t c ........ ......... 120
e t c _______ _____ _____ ________ 534|
— —
T o ta l s; si eta July, 1902 ......................... ...... .................. ......... l ,293
O f the 1,208 miles o f rnaln track, 104 are laid w ith 75-lb., 1,028 with
56 lb. and the rem ainder w ith 35, 55 and 60-lb. steel raiJs. Branch
to D allas, 12 miles., o i ened Aj>r,, 1902.
Or g a n iz a t io n . - R eorgan ization per plan in V. 50, p. 141, 561 o f St.
Louis Arkansas A T ex a s, sold in foreclosu re in October, 1890. Consists
o f tw o corporations—the St. Louis Southwestern R a ilw a y Co., and the
8t. Lou is Southwestern R a ilw a y Co. o f Texas. V. 69, p, 646.
St o c k .—Stock Issued, comm on, $16,500,000; au thorized am ount In
creased in <902 to $ 3 ? ,000,000; p rof., 5 p. c. non curu., *20,000,000,
of which in treasury June 30 , 1902, comm on. $143,000; preferred,
$100,350. P a r o f shares, $100.
Bo n d *.—T he firs t m ortgage certificates are Issued again st a like
am ount of first m ortgage bonds secured upon the constitu en t lines at
a rate not exceed in g $10,500 per m ile, and the second m ortgage corlilloates against second m ortgage bonds at $8,250 p e r mile.
Tim first consols o f 1902 (au th orized issue $25,000 Of) ), arc secured
by ell the property o f the com pany, subject to the p rio r ou tstan din g
bond*. Of the am ount $6,000,000 were 1j ued to retire $I,70P.OOo
equipm ent bonds and otlc r cfipstd requ irem en ts; $9,000,uOO w ere
reserved to retire by exch an ge the $1.0,000,000 second m ortgage
incom e bonds (o f which $6,727,500 had »een acqu ired in J u ly, 1902),
and the rem ainin g i f ) 000, 00 arc osorved f»>r the acquisition o f
branch lines at not nver $20,000 per m ile, a quisltions ai d improv e
merits. (V. 75 p. 136 ) Son V. 74. p. 328, 578, 630, 88 I ; V, 75, p. 790.
G ra y’ s Poin t Term in al guaranty in V +69. p. 1062, HI. L, Ho. W. owns
all stock and ••ascs road fo r fifty years, (V, 65. p. 413.)
E arncnos . • m»»s.f f 1 9 0 2 .- ,,
.G ross, $ 1,056,370; net, $221,916
1 068,917; net,
150,178
Ju ly 1 to A u g. U
*1901............ .G ross,
A n n u a l R e p o r t . Annual m eeting Is held a t St. Louis, Mo,, on the
first, Tuesday in October, R eport fo r J901 03 was In V. 75. p. 790.
475,000
300,000
3,970,000
625,000
See tex t.
4 g. J.
J.
t g.* J.
5 g
5 g. A .
5 g-
N. Y ., Central Tru st Co. N o v. 1, 1989
N. Y ., M ere. T ru st Co. N o v. 1 1989
Int. fro m June 1, 1902. June 1, 1932
N. Y .,B .G r .T r . < St. U Deo. 1, 1947
fc
Miss. V a l. Tr. Co., St. L
1919
St. Lou is T ru st Co.
Ju ly 1, 1951
N. N. Y ., C en tral Tru st Co.
N.
St. P a u l T ru st Co.
J.
S alt L a k e C ity.
M a y 1, 1930
M a y 1, 1944
Jan. 1, 1913
J.
J.
J.
Jan. 1, 1943
1930
J u ly 1, 1918
N. Y ., Cent. T ru st Co.
N e w Y o rk .
In defau lt.
& J.
See tex t.
& J.
& J. N .Y .,2 5 B road, A F r ’k’ft
& 0. San F ran . & N e w Y o rk .
____
Jan. 1, 1930
Jan.
Jan.
Jan.
A p r.
1,
1,
1,
1,
1924
1924
1919
1928
1942
Y ea r e n d in g J u n e 30—
1902.
1901.
1900.
1899.
dross earn in gs............. $7,267,*., 60 $7,387,174 $5,908,284 $5,862,338
Operating ex p e n s e s ... 5,173,066 4,632,892
4,156,073 4,209,088
N e t ea rn in gs.......... $2,094,194 $2,754,282 $1,752,211 '$1,653,250
(62-72)
P. c. op. ex. to ea rn s. . .
(71-18)
(70-34)
(71-80)
Tot. n et, incl. other in c. $2,183,213 $2,836,478 $1,847,896 $1,737,708
Taxes.............................
195,619
155,771
151,567
133,495
800,000
800,000
Tnt.on]lst & con. m orts.
814,848
800,000
360,000
In t. on 2d m ort. bonds
400,000
380,000
180,000
258,825
204,889
Equipm ent paym ents..
385,413
171,061
66.907
Rentals, e t c ..................
6L.148
59,143
44,536
Bal. o v e r a ll pa ym ’ ts $328,190 $1,174,974
$270,292
$408,617
O f f ic e r s .—Presiden t, E d w in Gould; V ice-P resid en t and G en era l
M anager, F. H .B ritto n ; Treasu rer, G. K . W a rn e r; Sec., Geo. E rb eld in g.
Directors.—Edwin Gould, Irvingrton, N.Y.; R. M. Gallaway, Thomas T. Eckert,
Winslow S. Pierce, William H. Taylor and Albert Loeb, New Vork; Murray
Oarleton, F.H. Britton and Charles Parsons. St. Louis.
Office, 195 B roa d w a y, N e w Y o rk .— (V . 75, p. 78 ,1 3 6 , 612, 7 9 0 .)
S t9 L o u i s T e r m i n a l D e p o t C o , - Y . 75, p. 186.
S t. L o u i s T ^ o y 6c E a s t e r n I t R . —E a st St. Louis, 111., to T r o y ,
111., w ith branch, 1 m ile, to C o llin sville, 111; t >tal, 13 m iles o f road
(20 m iles o f track). Stock, $350,000, a ll outstanding; p a r o f shares,
$100 Bonds are subject to c a ll at p * r a ft e r 1904. Pres., E d w in H.
Conrades; Sec. and Treas., Julius L W in kelm eyer. Office, 314 N o r th
4th Street, St. Louis, M o — (Y . 70, p. 126.)
S t. l i o u i s V a l l e y R y . —In A >r.t 1902, under constru ction from
East St. Louis to Cairo, 146 m iles, w ith branches, a to ta l o f about 175
miles, ex p ected to be com pleted in about a year, o f w hich 65 m iles to
Chester, 111., was com pleted A u g ,1902. In Sept.., 1902, the Mo. Pac.
R y had arranged to take o v e r the road.
V. 75, p. 499, 612. Stock
authorized, $5,500,000; par o f shares, $100.
Bonds are issuable
a t $25,000 p e r m ile, w ith $12,500 addition al fo r second track,
in terest bein g p ayable in St. Louis o r N e w York. T h ey are subject to
ca ll a t 105 on and a fte r J u ly 1, 1911, or at any tim e at p a r i f an ex ten
sion o f tim e o f paym en t is arran ged at a lo w e r ra te o f interest. Y . 74,
p. 380. (Y . 74, p. 207, 380; V. 75, p. 612.)
S t. L o u t s V a n t f a l l a 6c T e r r e H a u t e R R . —See Ju ly, 1902,
S u p p l e m e n t and Y . 75, p. 667, 73 i.
S t. L o u i s W a t k i n s 6c G u l f R v . —L a k e Charles to A le x a n d ria ,
La., 98 miles, w ith tw o branches a g g re g a tin g 3 m iles; tota l, 101 m iles.
Successor on M a y 24, 1902, o f K a n C ity W atkins & G u lf R R ., sold in
foreclosu re on Mar. 24, 1902, the old bondholders re c e iv in g 5o% in
new bonds and 50% in sto k. V. 74, p. 630, 681. Stock author
ized, $1,225,000; present issue,$993,366; par o f shares, $20. Bonds au
thorized, $1,225,000; present h sue, $983,360, consisting o f $500,000
in $500 bonds and £100,700 in £100 bonds, va lu ed at $4 87 per £.
President, J. B. W atkins; Sec. and Treas., J. S. Thom son, L a k e Charles,
La. D irectors, V. 74 p. 680. - (V. 74, p. 630, 681, 728, 1197; V, 75, p.
291.)
S t. P a u l . —See Chicago M ilw a u k ee & St. Paul.
S t. P a u l & B i i l n t h R R . —Purchased J u ly 1, 1900, b y N orth . P a c.
—(Y . 70, p. 126, 895, 947, 1096, 1250; V . 71, p. 30.)
S t. P a u l R aw t e r n G r a n d , T r u n k R y „— (S e e M a p C h ic a g o <
&
N . W .)~ Owns from O conto to O lm to n v ille , w is., 56 m iles. Leased
Oct. 30, 1884, fo r 99 yea rs to M ilw a u k ee L a k e Shore < W estern.
fc
Rental 30 p er cen t o f gross earnings, in terest on bonds b ein g gu a ra n
teed. Lease acqu ired A u g. 16, 1893, b y Chicago < N o rth w estern
&
through purchase o f M ilw a u k ee La k e Shore & W estern.
S t . P a u l A: N o r t h e r n P a c i f i c R y . —M erg ed in N o r. Pac. R R .
S t. P a u l U n i o n D e p o t C o .—Ow ns U nion Passenger S tation w ith
5*71 m iles o f tra ck (additional tracks being put in July, 1902), the
stock bein g increased from $350,000 to about $1,000,000 fo r im p ro v e
ments In progress; ow n ed e q u a lly by the fo llo w in g :
Great Northern, Northern Pacific, Ohio. St. Paul Minn. & Omaha, Chic. MU.
& Hi. Paul, Chic. Great Western, Chic. Bur. & Quincy. Ml no. H Paul & S. 8te.
r-.
Marie, M mm & St. Louis and the Bur. Cedar Rapids & Northern.
Authorized stock, $1,000,000. R en ta l co vers luteres t on bonds and
4 per cent on stock since M ay 1, 1902; from 1890 to M ay, 1902,6
per cent divid en d s w ere paid. Pres,. W. A . Scott; V ice-Pros., Thom as
Cooper; Treas., H. P. Upfmm; Sec., W. G. Johnson, (V. 74, p. 1090.)
H a lt L a k e 6c. L o h A i i ^ c I ch R R . — Road from Halt Lake to Saltair Beach, Utah, 15 m iles, standard gau ge see V. 65, p. 821. Stock
$150,000.
In 1901 $300,000 1 rat 6s w ore outstanding.
1
For year
ending June 30. 1901, gross, $52,688; net, $22,835, against $19,506 in
1899-00; oth er incom e, $0,024; charges, $19,836. (V. 65, p. 824.)
S a n A n t o n i o 6c A r n a # « N P iikm R y . —Owns from KorrvlU o to
IfouHton, 308 m iles; K enedy to Corpus efi rlstl, T ex ., 90 m ile s; Y o a k
um to Waco, 171 m iles; Skidm ore to A lice, 43 miles, Mhllior to L o c k
hart, 54 m.; branch, 21 rn.; total, 687 m., ail 5 01 b.steel.
IIisT O k r.- Reorganized w ithou t foreelosu re sale In 1893, m a n a g e
ment passing to Ho, Pan., which owns $2,000,000 stock.
B o n d s . M ortga ge is for $ 21,000,000 (trustee, C entral T ru s t Co.)
and t he Ho, .Pacific <'o. by endorsem ent on ea ch • bond guarantees m e
con d ition al!y * 'the punctual payment, o f the principal and In terest.”
Bonds for $2,700,000 reserved fo r extensions, lim ited to 100 m iles
fit $27,000 per m ile, equipped.
Men full abstract o f mort. lu V. 56,
p. 540. Due South, pacific (Jo, June 30, 1900, $2,200,057
INVESTORS’ SUPPLEMENT
12*
[ V ol.
M
E
LXXV.
X
M AP OF THE
Laredo
6
ST. LOUIS SOUTHWESTERN
RAILWAY.
October , 1902.]
RAILROAD
STOCKS AND
«»
1
BONDS.
B on d s—Prln©i IN T E R E S T O R D IV ID E N D S .
M iles D a te Size, or
pal, W hen D u e A m ou nt
of
Par
of
R a te per W hen W here P a ya b le , and by Slocks —L a s t
explan ation o f column headings, <fec., see notes
Road. Bonds Value. Outstanding
D ividend.
P a ya b le
W hom.
Cent.
on first page o f tables.
R A IL R O A D S .
$4,940,000
5
2,964,000
5
375,000
5
120,000 5 (6)
5
24,000
450,000 7 p er
900,000
5
g. M. &
fc
g. J. <
A. &
g. M. &
M. &
an. J. &
g. J. &
S.
J.
O.
N.
N.
J.
J.
N. Y . M erca n tile Tr. Co. Sept. 1, 1942
N. Y ., C en tral Tru st Co. J u ly 1, 1943
A p r. 1, 1928
N. Y ., 21 C ortlan dt St. M ay 1, 1913
do
do
M a y 1, 1913
T ro y , U nited N a tT Bk. J u ly 15,?02,3i®
N. Y ., 44 W a ll St.
Ju ly 1, 1937
©
©
$1,000
1,000
1,000
1,000
500
100
1,000
o
^
5
198
1892
198
1893
2d m ortgage, g o ld .T e ...........
......................
P resco tt < East., 1st M., $375,000, p. & i. g u .C e 26*2 1898
fc
10 1893
S a ra n a c < L a k e P la c id — 1st M., $120,000,g., C e .c*
£
10 1896
2d m ortgage, $24,000, C e . . . .................................
. . . .
. . . .
S a ra to g a & Schenectady —Stock (re n ta l g u a ra n t'd ).
f a u lt Ste. M a r ie B r id g e — Is tM ., g.,s.f.,d r,n a t 110 c
1887
1H
S iv a n n a h F lo r id a dt WesVn —See A t l a n t ic C o a s t L in e R R .
. . . .
1902
S a v a n ’h U n io n S ta V n Co. — 1st M., $600,000, g .S .r
14 1874
Schenectady & D u a n e s b — 1st raort., in terest guar..
S c h u y lk ill "d J u n ia ta — See P e n n s y l v a n i a R R .
44 1898
S c h u y lk ill d L e h ig h —1st M., guar, by R ea d ’g C o...
....
S c h u y lk ill V a lle y N a v ig a tio n & R R .—S to c k ...........
. . . .
S eaboa rd A i r L in e R y — Stock, com., $37,500,000..
....
...
P referred stock, 4 p. c., non-cum., $25,000,000..
A ll
1900
1st M., $75,000,000, g. (see t e x t ) . C o B a ........c&r
1901
....
Col. tr. ref. M., g., $10,000,000, red. at 105 .C e.c*
1900
....
Equ ipm ent trust, due q u a rte rly .............................
1902
do
do
(Y . 74, p. 3 8 0 )....
.. ..
O l d L o a n s ,ex eluding amounts O p le d g e d unde r cons olidat
’ 81-'94
. . . .
C arolina C entral old bonds, non-assented..........
1st co n sol.M .,$3,000,000,gold, g u .p .& i.e n d .F
267 1898
42 1888
Durham < N orthern, 1st m ort., $150.000.O TeBa
fe
32
1887
R oanoke & T a r R iv e r, $260,000. ' l e B a ..............
F lor. Cen. & Pen. 1st M. $5,226 p. m., gold Ce.o*
575
1888
2d M. (1st on ext., 92 m.) $5,226 p. m., gold. A .c 7 666 1890
"
Consol.M.,$7,800,000 ($10,000 p.m .), gold.GLc"
780 1893
136 1891
South Bound 1st M .,gold, int. re n ta L M e B a .c *
Ga. & A la.. 1st M .f con.. $10,000,000, g . R B a .,c *
400 1895
. . . .
G a .& A la T erm Co.,1st M. (c a lla t 1 10 ),guar. p.& i.
1898
Ga. C arolina & N or., 1st M., g., guar.OTe B a c * . .
268
1889
S a n ta FePres.<£ P/w BnLr-lstM .,$5,000,000,g.M e.c*
N e w Y o rk .
4 g. A . & O.
6
M. & S. N. Y ., 21 C ortlan dt St.
A p r. 1, 1952
Sept. 1, 1924
M. & N. Ph ila., Ph il. & R ead.R R .
1,000
4
600,000
50
J. & J Ph ila., R ea d ’ g T em p i.
576,050
5
100 29,000.000 In vo tin g trust.
100 19,400,000 In v o tin g trust.
l,000& c 12,775,000
4 g. A . & O. N . Y., 15 W a ll Street.
N e w Y o rk .
1,000 10,000,000
5 g« M. & N.
5 ,0 "0
J. & J.
2,113 667
5
1,000
4*2 F. & A.
648,000
ed m ort gage.
1,000
6
J. & J. B alt., M er. Tr. & D. Co.
115,233
1,000
3,000,000
4 g. J. & J. N . Y ., Farm . L. & T. Co.
6
M. & N. Balt., M er. T r. & D. Co.
*100,000
6
do
do
A . & O.
*55,000
1,000
3,000,000
5 g. J. & J. N e w Y o rk , 15 W a ll St.
1,000
do
do
410,000
5 g. J. & J.
1,000
do
do
4,372,000
5 g. J. & J.
1,000
2,033,000
5 g. A . & O. N. Y . ,15 W a ll St.,or Balt.
1,000
5,405,000
5 g. J. & J. N ew Y o rk , 15 W a ll St.
N e w York.
. . . .
1,000,000
5 g. J. & D.
1,000
5,360,000
5 g. J. & J. B alt., M er. Tr. & D. Co.
M a y 1, 1948
J u ly 13,’ 02,2*4
l,000& o
100 <fcc.
600.000
500,000
A p r. 1, 1950
M a y 1, 1911
T o J u ly l, 1918
F e b .’03-Fb.’ 12
1920
Jan. 1, 1949
N o v. 1, 1928
1917
July 1, 1918
Jan. 1, 193©
Jan. 1, 1943
A p r. 1, 1941
Oct. 1, 1945
Dec. 1, 1948
Ju ly 1, 1929
a In clu d in g $140,200 bonds h eld a liv e in sink m g fu nd.
E a r n in g s —11 mos., >1901-2....... Gross, $2,362,160; net, $568,346
Ju ly 1 to M a y 31. > 1900-1 ____ Gross, 2,486,639; net., 650,631
A n n u a l R e p o r t .—F is ca l y e a r changed in 1897 to end June 30. R e
p o rt fo r re a r to June 30, 1900, w as in V. 72, p. 627. «n 1900 1, gross,
$2,618,377; net, $731,241; oth. in com e, $3,807; in te rest on bonds,
etc., $947,954; balance, d eficit fo r year, $212,906.— (V. 73, p. 1 0 1 1 )
S a n A n t o n i o Sc G u l f K R . - San A n to n io to Stockdale, 37 m iles
Stock authorized, $1,000,000, issued A p r , 1902, $32,000. I n A p r., 1902
w as ow n ed b y a syndicate, no bonds had been issued, and th ere w as
no flo a tin g debt. Th e Texas R R . Com m ission has a p p roved the issue
o f $250,000 bonds. F o r y e a r en din g June 30, 1901, gross, $82,930;
net, $49,457; deductions, $23,297; bal., sur., $26,160. Presiden t,
G eorge W. B rackin ridge; S ecretary and Treas., John A . Fra ser, San
A n to n io , T e x .— (V . 64, p. 708; V. 69, p. 591.)
S a n d u s k y lU a n s f l e l d Sc N e w a r k R R , - 8ee B. & O. statem en t
and V. 69, p. 743, 8 5 1 .- (V . 69, p. 743, 851; Y . 70, p. 77.)
S a n f o r d Sc ^t. P e t e r s b u r g R y . - (S ee M a p A t l , C o a s t L i n e R R . )
—F rom Sanford, F l a , to St. Petersburg, 153 m iles. F o rm e rly O ran ge
B e lt R a ilw a y, w hich w as sold a t foreclosu re in M arch, 1893. Stock is
$600,000; par, $100. F ir s t m o rtg a g e is fo r $1,000,000 o f 4 p. o. bonds,
in te rest reduced from 5 p. c., o f w hich $775,000 h a ve been issued, ana
o f these $300,000 are guaranteed p rin cip a l and in terest b y end. o f
the Sav. F lo r. & W est, (see co p y o f gu a ra n ty in V. 64, p 843), the guar
a n ty bein g p ra c tic a lly accepted by the A tla n tic ("oast L in e R R . the
successor o f the totter. v . 7 5, p 78. Th e balance o f the loan unissued
($225,00r>Oct. 1,1 9 0 2 ) is deposited w ith the M etrop o lita n T ru st Co.,
N e w Y o rk , fo r im p ro vin g, equ ippin g and broad-gau ging the road.
F o r y e a r 190 102, gross, $140,471; deficit under o p era tin g, $795.—
(Y . 75, p. 78.)
S a n F r a n c i s c o Sc N o r t h P a c i f i c R y . —P o in t Tiburon, Cal., to
Ukiah, CaL, 106 miles, and branches, 59 miles. Consolidation o f March
19, 1889. Has steam er connection (6 m iles) w ith San Francisco.
Leased to the C a liforn ia < N orth w estern R y., in corp ora ted in March,
fe
1898. T h e 8. F. < N. P. guarantees $2,000,000 Cal & Nor. 5 per cent
fe
bonds, to be issued at $25,000 p e r m ile. V. 67, p. 370, 688, 788. Stock
issued, $6,000,000; p a r o f shares, $100.
B o n d s .— Issued at $25,000 per m ile; sinking fund, $25,000 y e a rly ,
bonds draw n at 110 and interest. [M o rtg a g e abstract Y . 49, p. 241. J
L atest E a r n in g s .—F o r 2 months en din g A u g. 31:
2 mos.
0*088
N et.
Charges.
B a l ., su r.
1902.................................. $248,313
$99,364
$44,750
$54,614
1901.................................. 215,995
90,586
45.542
45,044
A n n u a l R e p o r t .—R ep o rt fo r 1901-02 in V, 75, p. 664, show ed gross.
$1,132,579; net, $308,265; charges, $224,493; bal., surplus. $83,772
In 1900-01 gross, $1,039,000; net, $337,579.— (V. 75, p. 136, 6 6 4 .)
S a n F r a n , Sc S a n J o a q u i n V a l . —See A tch . T op . < Santa Fe.
fe
San. F r a n c is c o T e r m i n a l R y , Sc F e r r y O o ,— V. 75, p. 499.
San. P c f i r o L o g A n g e l e> Sc S a i t L a k e R y * —P r o je c te d from
m
Balt La k e C ity, U tah , to the P a cific coast, n ea rly 750 m iles o f m am
line, w Ith bran eh ©a, m akl n g an a gg reg a te o f ah out 1,100 m iles, the
L o s A n g eles Term in a l R y., 51 m iles, b ein g aequired, and w as fo rm a lly
m erged about A pr, 17 1901, a* a p a r t o f the n ew line. In .tan*, 1902,
com pleted fo r som e distance at the eastern end o f the lin e, th e w o rk o f
construction to be pushed from both term in i and in term ed ia te points,
It being hoped to i>la#e the en tire ro a d in operation ea rly in 1903. See
V, 74, p> 200. A n arrangem ent, it j« maderstood* has been m ade w ith
the Union P a cific interests fo r a traffic a greem e n t and d iv is io n o f
territory,
Stock authorizgd,$$5;000*000; issued, J u ly ,1902, $2,501,600. Bonds,
$20,0'00,00ij fours, o f which $2,5300.000 hsued to acqu ire Los A n g eles
Term in al R y., to g eth e r with $2,500,000 stock. In Jam , 1002, $6,000,"
<X)o had been paid In by subscribers to stock, V 74, p, 05, F o r yea r
ending June 30, 1902 (49 m iles)* gross, $268,374; net* $89,013. Presi
dent, W, A. d a r k ; Secretary, it P. M iller; Treas., W, K. Rule.— (V . 74,
Jb 95, 269, 038; V. 75, p 7 94J
H . n F e tm V n 1 e y R y . —N t• hi, rJtab, to M orriaon , 51 m 1
m
1
p
lee; Q 11 Firry
Branch (opened A om , 1899)? N ephi to Cooper, U tah, 5 m iles; tota l, 56
miles. Brock $510,000; par o f shares, $100. Bonds, $565,000 1st
gold is , dated 1804, due 1923, in terest J J, and $250/100 2d mort. 4 h,
ri.ated fuufi 1, 1895, due 10/, 1, in terest J J, Farm ers' Loan < Trust Urn*
k
ftfrw Yeark, Tru stee
Y ear ending June 30, 19 0 J,
$23,584; def.
Qhder o p e ra x p . .$2,578* Them Brnbaek. Com Mgr., Halt L ake City,U tah,
Nmrita F e A. G r a n d ( l a n y o p R 1.4,—See V* 73, p 185.
S fo iu t F e fle e it re 1 It
Under construeU oa from Rauta Fe. N\
M,, south to Trrrranoe, 117 m iles, to be cojripleted by the end of 1002.
In corpora led in July, 1.901, Stock luithorlfctid, $2, 35,000
O f th e
bonds, $2,000,000 a re issuable at orice, ami the rem altiirig $500,000
after Jan ), I'd.) t, /or irnproyomen t.Manrl exteusjoim , A sinkitig fund
Will bo CTnafrnd 0 years a fter ruunmermem m i of operations pro ml rut,
H, B . Andrews; See,rotary, .L K. Saint; T reasu rer, J. T. M cLau gh lin ,
Albuquerque, N, M ,— fY. 75, Ju 186.)
®n n t a F e P r ^ a r o t t A' P J m r n l s R y , — G
fff/* Jf up A i d i l m v To
pc h a d Manta Fe
Owns Ash Fork, v ia Prescott, to Phoenix, ArJzmm,
miles; opened in March. J895. P. ^ F. Jet. to M ayer, Aid/,, 26-4
ro. built under charter o f Prescott < . Fas tern, was com plotted )u Get ,
1
1898, and T inland for 90 years and Its 4-375,00" fiomto gu a ra n teed ,
s
Branch frorr^ H u ro n , Arlz., to Big Bug mines, H miles, com i>to tor! Apr.,
1902; extension under construct inn from M ayer to Crown K in g mine, 32
m. stock, $7,904,000. Th e roa d is t a x ex em p t b y le g is la tiv e en actm en t
for 20 years trom 1891. Th e A tch . Top. & S. Fe took possession N o v . 8,
1901, h a vin g acqu ired $2,963,000 o f the second m o rtg a g e bonds and
a ll o f the stock. *e e official statem ents, 7. 73, p. 898; V . 74, p. 150;
Y . 68, p. 326; V. 75, p. 680.
R e p o rt fo r 1900-1 w a s in V. 73, p. 954, show ing:
Y e a r8.
Gross.
N et.
R e n ta l.
in te res t . B a l.. s u r .
1901-2............”$1,050,035
$617,950 $17,912 $395,523 $204,515
956,624 525,711
17,637
395,621
112,453
1900-1......
— (V .7 3 , p. 7 8 1 , 8 4 4 ,9 0 0 ,9 5 4 ; V. 75, p. 667.)
S a r a n a c Sc L a k e P l a c i d R R , —O w ns from Saranac L a k e to
L ake Placid, N . Y., 10 m ile s; operates under con tract N . Y . C en tra l”
Saranac branch, 5 6 m ile s ; to ta l operated, 15*6 m iles. D ecem b er 19,
1896. leased to Chateaugay R R . and C hateaugay O re & Ir o n Cos.
join tly fo r 17 years, and m te re s t on bonds reduced fro m 6 to 5 p. c.;
rental 35 p e r cen t o f its gross receip ts and one-half n et p ro fit fro m
tran sfer business at L a k e P la cid — at lea st $7,200—to p a y 5 p e r cen t
in terest on bonds, w hich in te rest is gu aran teed jo in t ly at 5 p. c. to and
In clu din g N o v. 1,1913, b y endorsem ent. Stock, $250,000 (p a r $100.)
D iv id e n d s — \n 1893, 3 p. c.; in 1894, 2 p. c.; in 1895, 2 p. c.; none since
to Oct. 1, 1902. F o r 1901-02, rental, $9,048.— (V . 64, p. 182.)
S a r a t o g a Sc S c h e n e c t a d y R R . —S aratoga to Schenectady, 21
miles. Leased in p erp etu ity in 1861 to R ensselaer < Saratoga and
fc
lease assigned to D el. & H udson Canal, b y w hich it is operated.
Renta l, $31,750 p e r year. Stock, $450,000. D ividends, 7 p. c. ye a rly .
S a i I t S te . U l a r l e B r i d g e . —O w n Sault Ste. M a rie B rid ge, in clu d
in g 6 421 fe e t o f m ain track. Th e Canadian Pacific, Duluth South
Shore & A tla n tic and M in n eap olis St. P a u l & Sault Ste. M arie R R . cos.
agree to pay fo r use o f b rid ge an am ount equal to o p era tin g expenses,
and in terest and sin kin g fu n d o f debt. M o rtga ge, $1,000,000; sinking
fund «5 ,5 0 0 yea rly.
Stock. $1,000,000. In 1900-1 gross, $70,895;
net, $57,092; to ta l deductions. $57,092; bal., sur., none. F o r y e a r
l»9 8 -9 gross earnings, $64,394; net, $51,512.
S a v a n n a h F l o r i d a Sc W e s t e r n R y . —Consolidated on J u l y l ,
1902, w ith the A tla n tic C oast L in e R R . T h e p referred stockh olders
w ill receive 50 per cen t o f th e p a r va lu e and the com m on stockh olders
25 p er cen t in the com m on stock o f the consolidated com pan y, o r a t
th e ir option an agreed va lu a tion , in n ew 4 p er cen t bonds o f th e con
solidated com pany o r cash, o r i f no a greem en t can he reach ed such
p rice as m ay be determ in ed b y la w . V. 74. p . 1039.
R e p o r t .—F or y e a r en din g June 30, 1901, earnings o f roads consol
idated w ere: Gross, $7,945,831; net, $2,467,700; interest, $1.231,210;
taxes, $247,554; bal., sur., $988,936. In 1899 0, gross. $7,269,660;
net, $2,076,022; int., taxes, etc , $1,470,242; bal., sur., $605,780.—(V .
74, p. 207, 479, 728, 776, 831,1039; V . 75, p. 31.)
S a v a n n a h U n i o n S t a t i o n C o —Owns union passenger station
and term inal a t Savannah, Ga., w ith 8 m iles o f track. L ea sed by the
Southern Ry., Savannah F lo rid a < W estern (n ow A tla n tic .Coast ‘L in e
fe
R R .) and Seaboard A ir Lin e R y ., w hich o w n the $300,000 stock, th e
renta* p ro v id in g fo r in terest and sin kin g fund on bonds, m ain ten an ce,
etc. Presiden t, W. W. M aokall; Treas , J. M o u ltrie L ee; S ecreta ry, W.
V. Da vis. - (V . 71, p. 343. V. 74, p. 1039, 1253.)
S c h e n e c t a d y Sc D u a n e f t b u r g , —F rom Quaker S treet Junction,
N. Y ., to Schenectady, N. Y ., 14 m iles. O w ned b y the D e ia w a rc &
H udson Co. Stock, $100,900.
f t c h n y l k i i l Sc J u n i a t a R R . —M erged in Penn. R R . A p r il 1, 1902,
S c h u y l k i l l Sc L e h i g h R R . —Owns from H ig h 's Farm , near R ea d
ing, Pa., to S latlngton, Pa., 44 miles. In 1883 leased to Ph ila. & R ead
ing R R . fo r 999 years and in 1806 lease assumed by Ph ila. & R eadin g
R y. Rental, $27,000 y e a rly . R ea d in g Com pany ow n s stock ($000,000)p
o f which $598,000 Is deposited under its general m ori gage o f 1897.
S c h u y l k i l l V a l l e y N a v i g a t i o n A; R R . — P o rt Carbon to R oeveedale, Pa., 11 miles; 2d track, 5 m; branches, ©to., 11*4 I m.; total track,
28 miles. Leased J u ly 25, 1801, fo r 999 years to Phila. Si R eading HR.
Lease assumed In 1896 by Phila. & (lea d lu g R a ilw a y Co. R en tal
$29,450, which pays 5 p. e. on stock and S tate taxes.
S e a b o a r d A i r L i n e R y .— (S e e M a p . ) Th is com pan y owns a
line from Richm ond, Va,, to A tlan ta , Ga., and Tam pa, Fla., etc., viz.:
fanes ow n ed i n f e e
Mitre
1
P rop rieta ry L ive s,
Miles.
Klctm io'd, Va..to svavammh, Oa,502 | Portsui’th Va.,to W eldon,N ,0. 81
W ilm ington, N .O ., to A tlan ta .
|Jackson ville, Fla., to Tam pa,
Ga
..............
437 1 Cedar K eys, Chattahoochee
Savannah,G a . to M on tgom ery,
I R iver, e t c ....... .... .............
890
A la. (58 m iles trackage do| T ra c k a g e ............
.......
61
d u c te d ).... _________
- --O ther Hues........ ............. ..........354 | Total ays, (see V . 74, p . 773),2,61 1
T h e propriet ary lines Inclnde : Roanoke Ar Tn r R iv e r R R . (stock all
ow ned), 32 miles; Seaboard A Roanoke RR. (9 1 p, o. o f stock owned)*
v 1 miles; Florid a Central A Peninsular RR. (90 p. r. o f shook owned).
HOdrnllos, that road o w n in g en tire stock, o f A tlan tic nwanoe R ive r A
Gulf H it , f»H mlies. In addition owns en tire lock o f the G eo rgia So
Alabam a T erm in a l Oo., o p era tin g H inlle i o f track.
A lso owns a one sixth In I oi eat In Mm Richmond W ashington (Jo. con
tro llin g the roarl from Richmond, Va., to Win 'him ion, (>. U. (V. 73, p.
843 ) and under traffic, agreem ent with I he Pen n sylvan ia UK. main
tains through our nervine betw een N ew York. Philadelphia, Washing-'
ton and the Booth. A Iso owns the entire capital .stock o f the B a ltim ore
130
INVESTORS* SUPPLEMENT.
LV o l . l x x y
October, 1902,]
RAILKOAD STOCKS
AND
BONDS,
131
Ronds —P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Due.
Am ount
of
of
R ate per When W here Payable, and by Stocks— Last
Par
F or explanation o f column headings, &o., see notes
Road. Bonds Value. Outstanding Cent.
Whom.
on first page o f tables.
Payable
Dividend.
R A IL R O A D S .
Seaboard A i r L in e R y .— ( C onclu d ed ) Raleigh & Augusta, Is tM ., guar. p. & i.. R. & G.o* 1 107
Raleigh & Gaston, 1st M., *1,500,000, g .M e H a .c
8eab. A R oanoke—1st M. $2,500,000.MeRa.c*<fcr
81
Debent. $690,000, to he secured b y any 2d M .r
f!a,r a,nd p .q iiipmpijlt> tw ists .............................................
31
S h a m okm S u n b u ry < L ew isb u rg —1st m o rt___ o*<fcr
6
31
2d m ortgage, g o ld ............................................... c*
38
Sh a m ok in Val. & Pottsville —Stock, guar, b y No. 0..
38
1st M., $2,000,000. g., sink, fund (not draw n ).o*
33
FAarorp-Stook ($300,000) 6 p.e., guar, b y rental. F
16
Sharon, 1st M., g. (Sharon to Pym at., e tc .)...... F
17
N ew Castle & Shenango V a lley —1st M., int. g u ..
Shreveport dt R ed R iv e r V a lley —1st M., g., t e x t .F . 0* 150
Shawnee O k la h om a ct M is s o u ri C o il & R y .— See Oz ABK &
S ie rra Ry. ( o f C a l.)— 1st M., g o ld ............................
77
31
S ie rra V a lley s— 1st M. (Cal. Safe Dep. Co. trustee)
E RR.
S ilver S p r. Ocala < G u lf— See A t l a n t ic Co ast L in
&
5
Skaneateles P R .—1st mort., $100,000, g o ld .F s m .
42
Somerset R a ilw a y —1st m ortgage............................o
42
Consol, m ortgage, $420,000, g o ld .........................
10
S ou th C a ro lin a P a c ific — 1st M., cur., int. r e n ta l...
So. dtNo. A la ba m a —Is tM ,s .f.n o t dEn; guar.byL.&N.
189
189
2d mort. gold, s. f. $2,000,000 (owned b y L. & N.)
Consol, m ort (fo r $10,000,000), gold, guar.Ce. .o* 189
....
So. Illin o is dt M o .B rid g e — ls t[M .,$3,000,000,g M e
South’n In d ia n a — 1st M., gold—See t e x t ..E C ....e *
150
S ou th P a c. Coast— Is tM ., g., gu. (s. f. 1912)...... F . c
104
South ern P a c ific C O M P A N Y — Stock($200,000,000)
Col. trust mort.,gold, sub.to call at par. CJn..c*<fcr
Steamship 1st mort. bonds, Ser. A . $3,000,000...
ColL tr. M., g., sec. b y Pac. Mail, etc. red. ’02.C.C*
1886 $1,000
1897
1,000
1886
1,000
1886 100 &c.
1882
1890
....
1901
....
1889
1887
1900
Ch e b
1897
1895
$1,000,000
1,200,000
2,500,000
*285,000
62 c ,000
1,000,000
1,000,000
869,450
2,000,000
657,650
164,000
250,000
2,460,000
1,000
1,000
50
1,000
50
1,000
1,000
1,000
OKEE C ENTBAL.
1,000
1,233,000
1,000
300,000
1898
1,000
100,000
1887 500 &c.
225,000
1900 500 &o.
172,600
1884
104,600
1873
£200
£645,400
1880
1,000
2,000,000
1886
1,000
4,779,000
1901
1,000
200,000
1901
1,000
3,160,000
1887
1,000
5,500,000
100 197,847,788
1899 500 &o. 28,818,500
1891
2,286,000
1900
1,000
15,000,000
6
J. &
5 g- J. &
J. &
5
F. &
6
5
6 g.
6
3k! g.
6
413 g.
6 g.
4 g.
M.
J.
F.
J.
M.
J.
J.
I.
J. Balt., Merc. Tr. & D. Co. Jan. 1, 1926
do
do
J.
Jan. 1, 1947
do
do
J.
July 1 1926
do
do
A.
A ft. Ju ly,1916
& N. Phila., Phil. & Read.RR.
& J.
& A.
& J.
& 8.
& D.
& J.
& J.
do
do
Phila., Broad St. Stat’n
do
do
Sharon, Pa.
N. Y ., Farm . L. & Tr. Co.
N. Y ., Farm. L. & Tr. Co.
F. i ., Farm. L. & T. Co.
M ay 1, 1912
Ju ly 1, 1925
Aug., ’02, 3%
Ju ly 1, 1931
Sep.1 ,’02. 3 %
June 1, 1919
July 1, 1917
Ju ly 1, 1950
6 g. A. & O. Crocker-W oolw orth Bk. Apr. 12, 1937
F . & A.
6
1915
5
5
4
6
6
6
5
4
4
4
ggg.
g.
g.
g.
g.
F.
J.
J.
A.
M.
A.
F.
M.
F.
J.
& A. N. Y .,U . S. M. & Tr. Co.
& J. Boston & Oakland, Me.
& J. Boston, Nat. Shaw. Bk.
& O.
F a y ette ville, N. C.
& N. Lon. ,Bar. Bros.&Co. ,L ’d
& O. N. Y . Of., 120B roadw ’y
& A. N. Y ., Office, 120 B ’ way.
& N. N. Y ., M ercantile Tr.Oo.
& A V. Y ., P h en ix N at. Bk.
& J. N. Y ., S.Pao., 120 B ’w a y
Aug.
Ju ly
Ju ly
Oct.
M ay
A pr.
Aug.
N ov.
Feb.
Ju ly
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1918
1917
195©
1914
1903
1910
1936
1951
1951
1937
4 g. J. & D. 1st coup, paid Deo.1899 Aug. 1, 1949
J. & J. N. Y ., 120 B roadw ay, Jan. 1, 1911
6
do
do
4 1 g. J. & D.
e
Deo. 1, 1905
S e b a stie o o fc Sc M o o s e h e a d R R . —V. 68, p. 1073. On June 24»
1899, A . B. Tnomp8on, o f P ittsfield, Me., was appointed receiver.
S h a m o k l n Su n h n ry Sc. L r w i s b u r g R R . —Oarbon Run Jet. to
West M ilton, Pa., w ith iron bridge o ver Susquehanna, 31 miles; second
track, 15 miles; to ta l o f a ll track, 57 miles. Leased to Philadelphia &
Reading RR. Ju ly 2, 1883, fo r 999 years at 6 per cent on the stock,
and lease assumed in 1896 b y Philadelphia & R eading R y. Used fo r
ooal traffic northward. Stock, $2,000,000 (par, $50) owned by R eadin g
Co., o f which $1,995,000 is deposited under mort. o f ’ 97.— (V. 51, p. 21.)
S h a m o k l n V a l l e y & P o t t s v i ll e R y .—(See Map Pa. B E .)—Sunbnry, Pa., to Mt. Carmel, Pa., and branches, 38 miles. Leased Feb. 27,
1863, fo r 999 years to the Northern Central R a ilw a y Co., w ith a guar
antee of taxes, interest on the bonds and 6 per cent on the stock, o f
which $619,650 is owned b y the Northern Central. The $2,000,000
first 38s (o f which P en n .R R . Jan., 1002, owned $1,610,000). w ere issued
to retire the 7s at m atu rity Ju ly 1,1901.—(V. 73, p. 139,1062,1314.)
S h a r o n R y . —Owns from New castle. Pa., via Sharon, to Pym atuning. Pa., w ith branches. 33-07 miles in all. Consolidated w ith N e w
castle & Shenango V a lley R R . and then leased to the E rie R R . fo r 900
years from Dee. 1,1900, fo r interest on bonds and 6 per cent on stock,
the old leases b ein g canceled.— (V. 72, p. 88; V. 73, p. 399 )
S h o r e L i n e R y . o f N e w B r n n s w i c k . - Y . 73, p. 664.
S h r e v e p o r t Sc R e d R i v e r V a l l e y R y . —Shreveport, La., to
Hessmer, 150 miles, operated in Oot., 1902, and fu rth er extension p ro
posed to the Mississippi R iv e r and to N e w Orleans; in Oct., 1902, under
construction from Hessmer to Naples, 26 miles, and also b y the Col
fa x & N orth ern Ry. (controlled) from C o lfa x to W infield La. O f the
bonds, $20,000 are authorized to he issued per m ile and $300,000 addi
tional for a bridge o ver the Red R iv e r at A lexandria. V. 72, p 1189.
Stock, $3,020,000 authorized. President, Wm. Edenborn, 71 Broad
w ay, N. Y . - (V. 72, p .1 1 8 9 )
S ie r r a R a i l w a y ( o f C a l i f o r n i a ) . —Owns road from Oakdale,
on lin e o f Southern Pacific, to Carters, Tuolumne County, 58 miles.
12.776.000
Of which outstanding............................................. ..................
Branch, Jamestown to A ngels, 19 miles, was opened Sept. 15, 1902.
Deposited to secare tne $10,000,000 coll, tr ref, 6g.......................
20,000,000
Stock authorized, $5,000,000; issued, *2,780,000. Second mort. in
Reserved to retire at maturity, dollar for dollar, all the under
lying bonds on the v a rious divisions o f the system.................
29.725.000 come bonds *1,242,000.
F o r year ending June 30, 1901, gross,
Issuable only after July 1, 1003, for additional properties, im
$261,814; net, $150,778; lnt., taxes, etc., *76,373; bal., sur., $74,405.
provements, extensions, etc., at not exceeding |l,6<Ki,o00 for
12,500 000 President, Prin ce A. Poniatowski; Secretary, S. M. R ickey, San Franfour years and f i . 000,000 per annum th ereafter.......................
oisco. Cal.
The collateral trust refunding gold 5s o f 1901 w ill be secured b y de
S ie r r a V a ll e y s R R , —Plum as to C lairville, Cal., 31 miles. Stock,
posit w ith the trustee o f $20,000,000 4s of 1900 and w ere applied to
fund the $3,400,000 6 per cent certificates (V. 70, p. 842), called fo r *945,000; par, $100. Extension to Mohawk, 6 m iles, w ill be com pleted
payment on Aug. 28,1901, to purchase a one-fifth In terest in the road in 1902. Pres., E. R. D odge, Am edee, Cal.— (V. 74, p. 776.)
from Richmond, Va., to Washington, D. C., and m in ority stocks o f sub
S ilv e r S p r in g s O c a la & G u l f R R . —See A tla n tic Coast Lin e R R ,
sidiary lines, and to provid e fo r retirem ent o f m aturing car trusts,
S ilv e r t o n R R . —Owns Silverton, Col., to Iron ton , 22 miles. In
floating debt, future betterments, etc., and to retire the collateral trust July, 1899, A lexan der Anderson was appointed receiver.—V. 69, p.
5s, due O c t , 1902. (Y. 71, p. 692), fo r which an equal amount o f col 132. Stock, $350,000; par, $100. Bonds. $425,000 1st gold 20-year
lateral trust 5b are reserved. V. 72, p, 1280. Th e *2.483,000 Ga. & 6s, due Oot. 1, 1908. Y e a r 1898-99, gross, $10,885; net, $1,899; in
Ala. 5% preference bonds w ere paid Oct. 1, 1901, and the $1,323,000 terest and taxes, $27,120.— (V. 69, p. 132.)
coll. tr. 5s on Oct. 1, 1902.
S o m e rs e t R y . —Owns road from Oakland to Bingham, Me., and
Ge n e bal F inances .—Capitalization per m ile is reported as $19,380
Road opened in 1890. C apital stock is $736,640
bonds, $6,580 preferred ana *11.450 common stock. Interest on bonds branch, 42 miles.
and rental charge fo r year 1902-3 (not allow in g fo r equipment trusts (par, $100). O f the 4s o f 1900 M aine Trust & Banking Co., G ar
Issued since June, 1901), about *2,525,000. See V. 72, p. 1281; V. 74, diner, Me., trustee, the balance are reserved to retire the old 5s at o r
p. 774. In Feb., 1902, issued *700,000 equipm ent trusts. Y . 74, p. 328. before m aturity. V. 7 0 ,p. 1096. B ills pay able June 30,1901, $20,531.
E a r n i n g s .—R ep ort fo r year 1900-01 In V. 73, p. 1008, showed:
L atest E arn .—11 rnos.,) 1901-2.Gross, *10,632,804; net, $3,197,986
Gross, $109,123; net, $30,429; charges, $17,760; balance, surplus fo r
Ju ly 1 to M ay 31.
J 1900-1.Gross, 10,053,969; net, 2,558,165
Report.—Fiscal year ends Jnne 30. R eport for the year ending year, $12,659.—(V. 70, p. 895, 1096; V. 73, p. 900, 1 0 0 8 .)
S o u t h C a r o l i n a Sc G e o r g i a E x t o n * l o n | R R . ) See Soutli’ n Ry.,
June 30,1901, with baL sheet o f Dec. 3 1 ,1 9 o i, was in Y . 74, p. 774.
S o u t h C a r o l i n a Sc G e o r g i a R R .
S Carolina D iv.
/
------------- Y ea r
ended>
Dee, 31, 1901. J «n e3 0 ,1 9 0 1 .
S o u t h C a r o l i n a P a c i f i c R y . —N orth Carolina State lin e to BenGross earnings from railways .............. $10,840,803
$10,420,279 nettsville, 8. C., 10-5 miles. Leased till Deo , 1924, to A tlan tic Coast
Gross earnings from w a ter l i n e s ........
504,867
502.772 Line R R for interest on bonds. Stock, $100,000. Bonds, see table.
Total gross earnings............................... *11.345,670
$10,9211.051
S o u t h e r n C a l i f o r n i a R R . —Offer to m inority stockholders In
*2,820,073 Apr., 1902, see V. 74, p. 728; V. 75, p. 680
Net earnings, Including other Incom e....... *3,648,909
$2,254,889
Deduct—i ntercet on bonds...... ................... $2,383,737
S o n i h e r n I l l i n o i s Sc M i s s o u r i B r i d g e C o .—Has under con
177,117 struction a bridge across the Mississippi R iver between Thebes, 11)..
Other interest,
....................................
176,518
58,408 and G ray’ s Point, Mo,, to he com pleted Jan., 1904, form ing a direct
Rentals and miscellaneous ......................
57,306
Balance, surplus........................................... *1,031,348
$329,650 connection between the Chicago & Eastern Illinois and the St. Louis
Ovptckrh .—President, John Skelton W illiam s; V ice-President and Southwestern Ry. Length to be 2,750 feet o f steel truss and 1,100
Gen. Mgr., J, M. Barr; Secretary, D.O Port,eons; Treas., John II. Sharp. feet o f concrete arches. Stock, $50,000, all outstanding. In Nov..
Directors. -John Skelton Williams, Richmond, Va.; .Iamoe M. Harr. * orfolk,
*
1901, made a $3,000,000 m ortgage. V, 75. p. 78. (V. 7 i, p, 938; V.
Va. K. K. Addison, of Richmond. Va.; .1 W. Mlddendorf, Wm. A. .Marburg. H
.
. 75, p. 78.)
unvle* Warfield and Robert, I . Davidson, of lbtltirnor‘\ Mr).; Goo. W. Watts.
S o u t h e r n I n d i a n a I l y . — (S e e Sf apl . Terre Haute, In d ,to WestDurham N.
James (I. Dooley, Richmond, Va.; K. K. Pemberton. New York;
0.. H mey Hhepnrd, of New Ifnven, N. r .
I
port, 150 in.; Operates Bedford B elt Ry., Bedford to O olitic, led.. 4 in.,
Main office. Richmond; N. V. office, 15 Wall St — (V. 74, p. 7 7 3 ,7 7 6 ,
under perpetual contract, by which earnings above lnt. on $350,000
989, 1090, 1197; V. 75, p. 343, 087, 794.)
5 p. o. bonds go to Southern Ind. Ry.; total, 154 miles. Goal branch
under const ruction from Jasonvllle, t ml., southwest, H'a miles; also
Sea b o a r d 6c I I o a n o k c H i t . —See Seaboard A ir Lin e Ry. above.
branch to Indian Springs H otel, Iqpn llos. A reorganization o f Evans
S e a ttle A; Nan K m n r h r o I l f . 6c. (Va v i g a l l o n . —ORGANIZATION.
ville A Rich. UR., foreclosed Mar., 1897.
—1ncorporii.ted In March, 1890, to own 1,931 acres o f coal lands 25
H
took .Common. $3,000,000; pref., $500,000; par, $100; all Issued.
■ lice southeasterly from Seattle, Wash., 24 ACres o r terminal and dock
D ividends .- Dividends on prof. In 1001-02, 5 p. o.
property at. Seattle, etc.: also steamship lines and 35 miles o f railroad
IT built -V. 68. p. 929. V. 89, p. 386, 852. In Aug., 1901, the Northern
Bonds . O f the 1st 4s o f 1901, $5,000,000 are Issuable to retire the
Pacific h id acquired control. V. 75, p. 291.
old *1,500,000 5s, oonstruetlon expenditures In 1901, additional
Stock, *3,000,000. Bonds, $1,500,000 1st 40 year gold 5s,dated Apr.
equipment, etc., and further bonds at $20,000 per m ile for single
I, 1399, lnt. A-O at M etropolitan Trust Oo., N. Y., trustee; $325,000
1ruck and *1 0,000 per mile for second track constructed or acquired
Issued. Hee full particulars In V. 09, p. 182, and advertisem ent In
In addition to 150 miles from T erre Haufcfli.o Weslport, V .7 2 .p . 1082.
OBUONIOI.K
July 22, 1399. President. O. .3 Melina
(V, 73, p. 83;
Equip*t notes. Incl. lnt.. Mar. 29, 1002. $523,881, bonds to retire which
V. 75. p. 291.)
are available under the mortgage, Hue V, 74, p, 776, 1 197.
-
8team Packet Co. (unbonded) and a substantial interest in the Old
Dominion Steamship Co.
In 1902 extension was bein g bu ilt from A tlan ta , Ga., to B ir
mingham, A la., about 174 miles, the East & West RR., reorga n ized as
the Birm ingham & A tlan ta A ir Line Ry., exten d in g from Cartersvilie, A la., to P ell City. Ala., 95 m iles, to be used as p a rt o f the m ain
line. See B. & A . A ir L in e Ry.
Organization .—A n am algam ation in 1900 o f various “ Seaboard”
lines, including those whose securities are shown in the table above;
these lines w ere subsequently (excep t 977 m iles) absorbed b y absolute
consolidation. About 200 miles o f connecting lines, com pleting the
8y8tem,were pnt in use July, 1900, but econom ical and satisfactory op
eration was not possible until some months la ter (see V. 74, p. 773).
In Nov., li- o i, the Seaboard Co. w as incorporated w ith $5,000,000
authorized stock. V. 73, p. 1062.
In October, 1902, it was understood that a syndicate frien d ly to the
Seaboard had acquired control o f the South & Western Ry. (which see)
and was arranging to extend it so as to form a connection fo r the
Seaboard w ith the coal fields o f Southwestern V irgin ia and the D etroit
Lim a < N orthern Ry. B y traffic relations w ith the la tter com pany a
fe
through route to the Ohio coal field and the G reat Lakes m a y be estab
lished. V. 75, p. 291.
Stock . —A uthorized $62,500,000, o f which $25,000,000 pref.; out
standing Jan., 1902, common, $29,000,000, and pref. $19,400,000.
B onds .—The 4s o f 1900 are a first lien on about 350 m iles of road,
including 102 miles o f m ain line from Richmond to R id gew a y and 106
miles from H am let to Columbia (subject only to $155,000 prior lien
bonds on tw o branches); also a direot m ortgage on the w hole 1,573
miles o f consolidated road, subjeot only to $18,098,000 prior lien out
standing bonds thereon (or an average o f about $11,500 p er mile) and
a consolidated collateral lien on the rem aining m ileage o f the system.
V. 74, p. 989.
The 4s o f 1900 h ave been Issued, pledged or reserved as fo llo w s :
Total authorized issue in no case to exceed ...................$ 7 5 ,0 0 0 ,0 0 0
132
London
Mills
X ^ °'
Cuba'____
?•
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^
,
A I Z E W E L lL
F
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v^.ewigtow*ny/
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Delevanl
9.
MinierJ
INYESTOES’ SUPPLEMENT.
[V o l .
S h a d ed L in e s s h o w C o a l F ie ld s.
nxxv.
AND CONNECTIONS.
O c to b e r , 1902. |
RAILROAD STOCKS AND BONDS,
133
Bonas—P rin c i
LNJTttRJttgT O R D IV ID E N D S .
M iles D ate Size, or
pal, W hen Due.
A m ou n t
of
R ate per W hen W here P a ya b le, and by Stocks—L a st
of
Par
F o r explan ation o f column headings, <fcc., see notes
P a ya b le
W hom.
Road. Bonds Value. O utstanding
Cent
D ividend.
on first pa ge o f tables.
R A IL R O A D S .
$100 101,424,160
500 &c. 12,637,500
4,525,000
500 <fec.
500 &c.
7,931,000
5,124,000
500 <fcc.
1,000
3,533,000
1,000
1,000
500,000
500 <fcc.
500 &c.
6,809,000
500 <fco. 20,420,000
1,000
6,000,000
1,000
4,000,000
1,000
4,180,000
6 g. A . & O. N. Y ., S .Pac., 120 B ’ w a y
do
do
1 Series B, g o ld ..........1sink’ g fu n d.o* 1
6 g. A . & o .
do
do
1 Series Cf & D, g o ld ., f n ot su bject.o* (
6 g. A . & o .
secured. [ Serle8 E & F> | old J
to c a l l . ... c* J
do
do
6 g. A . & o .
do
do
8. Pac. Br. 1st M., g., 8.1, $50,000 in 1897, n ot d r’n
8 g. A . & o .
do
do
So. Pae. gen. m ort. ($38,000,000), gold.Ce...c*<fcr
5 g. A . & o .
do
do
Stockton & Copper, i s t M ., g. (guar, b y C .P .)........
5 g. J. & J.
do
do
1st cons. M ., guar., gold, s. f. n ot d rn .C e........o*<fcr
5 g. M. & N.
do
do
do g.,gu.,st p. subj.to call 107*9 aft. 1905..c*<fcr
5 g. M. & N.
So. Pac. o f A rizo n a , is t M., ser. A , gold, guar.c& r
6 g. J, & J. N .Y ., S.Pac., 120 B ’ w ay
do
do
Series B, gold, g u a r................................ ..
c&r
6 g. J. & J.
So. Pacific o f N e w M ex ico , 1st m ort., g o ld ., .c&r.
6 g. J. & J. N. Y ., 120 B roa d w a y.
B o n d s A s su m e d i n C o n s o l id a t io n o f 1898.
79 1867
2,232,000
4 ^ g . J. & J.
do
do
1,000
C a lifo rn ia Pacific, 1st m ort., gold (e x t 'd in 1887)
114 1871
4 ^ g . J. & J.
do
1,000
1,595,000
do
2d M., gold,gu .p.& i., end. b y Cen. Pac., ext. in '91
114 1875
2,998,500 3 g. & 6 g . J. & J.
do
do
3d M.. gold, gu ar.by Cent. Pac. ($1,000,000 are 3s)
500
149 1877
fc
do
do
1,000
5,156,000
N o rth ern R y . (C al.), 1st m ort., ln t’ st guar., gold .
6 g. J. < J.
do
do
Con. M. ($21,0o0,000), g., 1st on 225 m.TJn#c*<fcr 373 1888
1,000
4,751,000
5 g* A . & o .
54 1889
1,000
1,074,000
do
do
N o rth ern C aliforn ia, 1st m o rtg ag e, g o ld ..............
5 g. J. & D.
100 120,000,000
S o u th e r n R a i l w a y — Com. stock, $120,000,000 ..
fe
100 6o;ooo;ooo 5 in 1902 A . & O. N .Y .,J . P. M o rg a n < Co.
P re fe rre d , 5 per cent, non-cumu., $60,000.000...
1st con .M ., 1 st on 900 m.g. ($120,000,000'. Ce.o*<fer 4,502 1894 l.OOO&c 35,304,000
5 g. J. & J. N .Y ., J. P . M organ a C o .
do
1901
*0
C oll. tr.hoDds, g., red p a r af. 2 y rs . (V.75,p 44^)1
....
4,000,000
4 g. J. & D.
.. 1902 1,000Ac See tex t.
So.-L. & V. j t M., $15,500,000, red 105 af/07.c&r
4 g. J. & J. In t ’ s tfr o m J u ly 1,1902
Equip, trust, ser A g o id .d u e M a y a n d N o v .P I P .c *
1,000
2, 25,000
.. •. 1900
4 g. M. & N. P r o v .l i. & T r jo .,P h ila .
M. & S.
do
do ser. B., due Mar. and S e p . P I P ......
1901
4
do
do
... .
1,000
2,040,000
A .—P r o p e r t ie s m e r g e d in t o So u t h e r n R a i LWAY CO.
A . & o . N . Y ., J.P . M o rgan & Co.
44 1883
150,000
6
A tla n tic Tennessee & Ohio 1st m o rtgage. C e ......
do
do
500&C.
1,471 000
Ch. C o l.& A u g .ls t M .(m t .in g o ld ); V.59,p.1006 Ce
191 1869
5 g. J. & J.
A, & o.
do
do
2d m ortgage C e . ..................................................
191 1872
1,000
500,000
7
do
do
164 1881
2,000,000
6
J. & J.
Colum bia < G re en v ille 1st m ort., g o ld .C e ,... c*
fc
1,000
*n
- -
( 1st M ., series A , gold i land g r a n t.. o* j
f 1875
i (\a p; J 1875
1 1876
(1 8 8 2
187 1887
1,587 1888
26 1875
1,982 1893
1893
392 1879
392 1880
167 1881
L a t e s t E a r n in g s .—6 m os , 5 1901
Gross, $310,£45; net, $141,978
J u ly 1 to l>ec. 31.
£ 39 0 0 ... Gross, 203,665; net,
59,329
A n n u a l R e p o r t .— R ep ort fo r tlie y e a r en din g June 30,1901, w as in
V. 73, p. 1261. A d v a n c e re p o rt fo r 1901-2 in Y . 75, p. 237, sliows:
Y e a r.
Gross.
N e t.
I n t ., raxes , etc. D iv o n v r e f . B a t., s u r .
1901-2 $630,195
$277,*52
$158,153
(5)$25,000
$94,699
1900-1
439,828
145,741
112,411
33,330
P resid en t John R. W alsh; S ecretary, C. F. W einland, 204 D ea rb orn
8t., Chicago, IH .— (V. 74, p. 428, 6 7 6 , 776, 1197; Y . 75, p. 2 3 7 .
S o , M o , & A r k . R R , - S e e St. Louis M em phis & 8out^east’n R R .
L a t e s t Ea r n in g s .—11 mos., 5 1901
Gross, $202,452; n et, $84,544
Jan. 1 to N o v. 3 0 ........... £ 1900
Gross, 169,759; net, 63,407
— (Y . 73, p. 83, 958, 1161; Y . 74, p. 96.)
S o u th P a c ific
C oast R y . - Narrow
G a u g e .—A la m ed a to
Santa Cruz, 77 m ile s ; branches, 27 m iles; fe r r y , 3 m.; to ta l 104 miles.
Leased fo r 55 years fro m J u ly 1,1887, to Southern P a c ific Com pany,
w hich gu aran tees the bonds and owns a ll th e $6,000,000 stock. Y e a r
1900-01, gross, $911,673; net, $64,742; def. under charges, $207,923.
S o u t h e r n P a c i f i c C o m p a n y . — (S e e M a p s . ) —R o a d .—Th is com
pan y ow ns no track in fee, bu t p rin c ip a lly through ow nership o f stock,
p a rtly by lease it operates a g rea t system o f roads ex ten d in g from
San FTancisco to N e w O rleans (thence b y com pan y's steam ers to N e w
Y o rk , etc.), and to P o rtla n d , O regon, to Ogden, Utah, w ith branches.
O r g a n i z a t i o n .—O rganized under law s o f K en tu ck y. In F eb ru a ry,
1901, the U nion P a cific acquired $75,000,000 (since la rg e ly Increased))
o f the capital stock, a stron g w o rk in g control, but the road w ill <ontinue to be operated in depen den tly. Y . 72, p. 242, 284; V. 75, p. 136.
U n d er plan fo r readjustm ent o f C en tral P a cific securities, the Southern
Pa cific in 1899 acquired the en tire ca p ita l stock o f the C en tral Pacific.
See th at com pany; also see below . L a rg e am ounts in im p rovem en ts
w ill be expended during 1901-2. V. 73, p. 33; V. 74, p. 1197
System com prises the fo llo w in g fu lly described under th e ir ow n titles.
(1) P r o p r ie t a r y L in e s .
Miles.
Co n tr o l l e d ( a l s o l e a s e d b y ) So. Houston & Shreveport R R ........
39
_ . _ _ _ P££. Co.
m
8) Co n tr o l l e d b y M o r g a n ’ s L a . &
yen tra lPacific RR.. . ................. L??9 T e x .—Op e r a t e d I n d e p e n d e n t l y .
South Pacific Coast R y...............
101 Gulf Western Tex. & Pac. Ry .. I l l
Southern Pacific RR ................
3,273 Iberia & Vermilion R R .............
16
Oregon & CaJifomia RR . .
.. 371
Total Proprietary Lin es... ... 8,6fi6
(2) Co n tr o l l e d b y So. Pa c . Co. T o f l,cledue.242 m. leas, to Atch.*f,424
Op e r a t e d I n d e p e n d e n t l y .
Galv. Harrisb’g & Ban Anton. Pvy. 917 (4> L eased a n d Op e r a t e d .
88
New York Texas & Mexican Ry . 122 New Mexico & Arizona R R ......
263
Houston & Texas Central RR
370 Sonora R y ............
Louisiana Western R R ......
.. 141
Total RR. Mileage June30, ’03.. 9,0*7
Morgan’s La. & Tex. RPv. & SB.. . 3V4 Tot’l.deduc. 242 m. leas, to A tch.8»7 ? 5
Texas & New Orleans RR... .
37i Steamsbip Lines........................ 6,365
Galveston Houston & Northern..
5«
A f f il ia t e d L in e s , Et c .
Carson & Colorado B y ....... .
300 Ban Antonir. & Aransas Pass Ry. 687
Houston E. & W. Texas R y .......
191 Gila Valley Globe & North’n Ry.. 124
Grand total o f owned, leased and affiliated ines.................. .........9,58t>
In Jan., 1900, So. Pa cific interests acquired control o f the G alveston
Houston & N or., Houston to G alveston, 53 rn. In Feb., 1900, substan
tia lly all the stock and bonds o f the Carson & C olorado were acquired
and the road w ill be broad-gauged and eve n tu a lly ex tended as a link in
a new lin e m ade from Los A ngeles, in Southern C aliforn ia, ea sterly
towards Balt Lake, Utah.
Th e Ogden & Lucln RR. w ill be b u ilt dur
in g 1902-04 from Ogden to Lucln, 107 m iles, as a cut-off, sa vin g 46
miles. V. 74, p. 380, 1197: V 71, p. 85.
In Nov., 1900, a m a jo rity o f
Pacific Mall 88 stock ($10,005,000) was acquired. V . ' 1, p. 1013,1312.
P r o pr ietar y L inks .—These, with a tota l m ortgage indebtedness
June 30,1901, o f $307,293-529.are m ostly owned—only $12,341.377 out
of their total stock o f $303,924,572 not being held on Ju ly 1, 1901, by
the Southern P a cific Co. “ Om nibus L e a s e /’ see Su p ’t o f Jan., 1899.
St o c k , E t c .—T o ta l stock authorized, $200,000,000, In clu ding $07, i
275,500 exchanged In 1899 fo r Central Pacific stock—see Central Pa
cific and V. 68, p. 378, 725; V. 69, p. 132; V. 70, p. 740.
B onds . - The 4 per cent collateral trust gold bonds o f 1899 are lim
ited to $36,819,000, and are subject to call at par on six months’
notice. The first issue of $28,818,500. secured by t he $67,274,200
common and $12,000,000 preferred stock of the Central Pacific, was
Issuable forth w ith . Th e rem aining $8,000,000 can be issued from
time to time only as an equal am ount o f Central Pacific p referred Is
received and added to the collateral, $5,000,000 o f this stock being
reserved for Im provem ents and additions on the Cent. Par. at not
exceeding $200,000 y e a r ly - see Cent. Pac. and V. 08, p. 378. Hee
M ortgage Abstract, V. 69, p. 859.
The, two-Hvfvyears collateral trust ibae o f 1900, lim ited to $30,000,
000 (present Issue, $15,000,000), are secured by deposit o f $7,174,000
par value, o f various bonds and $59,487,000 stocks o f com panies con
trolled, Inclu trig Pacific M all etc,, ami $1,530,000 W ells, Par«m A Oo
stock; other $ I 5,000,000 Is issuable against the deposit o f additional
stocks and bonds o f companies controlled or acq fired up to 90 per
oent o f the ao'ual cost thereof. Bee M o rtga ge A bstract, V . 71. p. 1 • 14.
’
The first refunding 4s and 30-year gold 3 H issued by the Cen
js
tral Pacific are unconditionally guaranteed, principal and Interest,.
In Aug,, 1902, a plan was under consideration for the Issuance of
long-term low-rate refunding bonds. V. ' 4, p. 269; V, 75, p, 395.
P arsings For I I months ending May 31:
1 mos.
.1
Gross.
N rL
Olh. tn r,
Ohuryes,
fin /., sur,
J901-2 ..... $77,079,008 $25,705,992 $1,927,847 $25,812,905 $121,774
1900-1 ..... 70,9* 9,651 21,401.805
.........
........
Charges In 1901 -2 include $10,950,072 expended fo r betterm ents.
A p r. 1, 1905
Oct. 1, 1905
Oct. 1, 1906
A p r. 1, 1912
A p r. 1, 1937
Oct. 1, 1938
Jan. 1, 1905
N o v . 1, 1937
N o v. 1, 1937
Mch., 1909
Mch. 1, 1910
Jan. 1, 1911
Jan.
Jan.
J u ly
Jan.
Oct.
June
1,
1,
1,
1,
1,
1,
1912
1911
1905
1907
1938
1929
Oct. 31/02,2^9
J u ly 1, 1994
D ec. 1, 1906
Ju ly 1, 1952
T o N o v . 1,1907
T o Sept. 30/08
A p r., 1913
J u ly 1, 1909
1902 o r 1910
Jan. 1, 1916
a n n u a l R eport .—F isca l y e a r n ow ends June 30. R e p o rt fo r 1900-1
at len gth in V. 74, p. 43 to 52; ed ito ria l, V . 74, p. 67. A v e r a g e fre ig h t
tra in load , 305 tons in 1900-1, again st 289 in 1899-0; a v e r a g e receipts
p e r m ile, '997 cents, again st *976 cents in 1899-0.
Receipts—
1000-1.
18900.
Aver, miles—ProDrietary snd non proprietary.............. 8,654*97
7,545*17
Gross receipts from proprietary and non-proprietary
lines and misceJ. receipts of prop, companies:
Transportation receipts ...
— ...................... — 877.244,898 $63,920,414
—
519,046
48<',311
Trackage and other rentals.................... ........
Income from siub. funds pledged for redempt’nof bonds
416,067
652.646
Income from investments.
...............................
92,365
l i 1,838
Income from lands and securities not pledged for re
demption of bonds
........................................... .
62w
,362
340,693
interest on open accounts........................
637,134
432,376
Miscellaneous re< eipts.
6,462
12,152
Gross receipts South. Pac. Co. from sources other than
operations o f leased lines .......................................... 1,663,358
2,147,710
.............—
Total receipts. ...
..........
$81,107,6.2 $68,120,140
Expendei for account o f proprietary companies, viz.*
Operating expenses.................................................. $49,098,027 $41,400,800
Taxes..................
1,780.987
1,673,650
1,225,023
Trackage and other rentals...................... ....... ...... 1,328,666
Interest on funded debt............................................ 12,795,430 11,016,258
Interest on Central Pacific RR. notes ....................... 1,275,209
1,409,713
315,634
Interest on open accounts.......
. ..
..............
479,774
82,841
46,619
General administration and miscellaneous expenses.....
203,607
Land department expenses and taxes
..................
182,612
Sinking fund construction aud earnings
..............
85*.067
Betterments additions aad newequipments .................
6,870,948
Central Pacific RR. Co................
............ ..........................
Otner ch-.rges against Southern Pacific Co., viz.:
Interest on funded debt of Southern Pacific Co........... 1,629,810
Sinking fund contributions .... ...................
.
75,000
Insurance, taxes and all other accounts except for de
ficits in operations of leased lines
......................
601,660
Discount on Southern Pacific < o 4*^ percent bonds.....
165,000
Advances to San Antonio & Aransas Pass R y . Oo.......
465,6(D
3,003,990
632,998
1,200,242
844,827
032,012
Total expenditures................
........... .............$77 651,113 $*4,209,510
Surplus over all disbursements........ ...............
. $3,456,560 $3,918,680
The gr^ss transportation receipts for the year en d^g June 30,1900, includ
ing Houston & Texas Central RR. and subsidiary lines (8,215*32 average miles)
and Cromwell Steamship Co. were $68,680,817, against $ ‘ 7,244,898 (on 8,65P97
average miles) in 1000-i; net, $23,735,607, against $28,146,871 in 1899-u, •
Presiden t, E . H . H a rrim a n .—(V , 74, p, 4 1 , 4 3 , 2 6 9 ,3 8 0 ,5 7 8 ,7 7 7 ,
1197; V. 75, p. 136, 395.)
S o u t h e r n P a c i f i c H R . o f A r i z o n a * —See Southern P a cific RR.
below .
S o u t h e r n P a c i f i c R R ..— (S e e M a p s , ) — R o a d .—Ow ns a ll th e C ali
fo rn ia lines o f the Southern P a c ific system e x c e p t th e C en tral P a c ific
and the South P a c ific Coast. The road ow n ed agg reg a tes about 3,273
m iles, em bracin g a through lin e fro m east bank o f R io G ran de R iv e r
Through N ew M exico and A rizo n a , v ia L o s A n geles, San Francisco and
Oakland, to Teh am a in N o. C aliforn ia , w ith num erous branches. O f
the lines ow n ed and leased in 1902 (7 miles are leased), 3,031 w ere
operated in the Southern P a c ific system , 242 miles (M o ja ve to
The N eedles) b ein g held under lo n g lease b y Atchison* in e x
change fo r leases o f 350 m iles o f roads in N e w M ex ico and A rizon a.
V. 65, p. 931, and A tch . T. & 8. F. item , p. 1113; see V. 64, p. 609.
Th e construction o f 55 m iles fr o m E llw o o d , Col., to S u rf opened in
M ar., I9 (i 1, furnishes coast lin e from L o s A n g e le s to San Francisco.
V. 68, p. 617; V. 72, p. 582
O r g a n i z a t i o n .—In co rp o ra ted on M arch 7, 1902, as a consolidation
o f the So. Pac. RR. com panies o f < al., A riz. and N ew M exico. V.74, p.
578. T h e Southern Pac. R R . o f Cal. was leased to Southern Pac. Oo.
fo r fixed charges, betterm ents and additions and a certain percen tage
o f the surplus incom e under the “ omnibus lease.”
St o c k .—Of stock o f com panies consolidated So. Pac. C o m p a n y June
30,1901, held $127,655,569.
B o n d s .— (Jo iis olid a tcd M o rtg a g e o f Sept., 1893, (see fu ll a bstract V.
57, p. 1041), provides fo r a ll p rio r lien s and new construction. Bonds
m ay be issued not ex ceed in g $30,000 per m ile, o f which $7,500 a m ile
Is reserved fo r additions and betterm ents. See V, 57, p. 409. Th is
m o rtgage In January, 1899, co vered 1,982 m iles, o f w hich It Is au
absolute 1st lien on 7 z l miles. The supplem ental m o rtg ag e Issued In
1898 lim its this loan to $30,000,000, (ex clu sive o f bonds to be issued
again st u nderlying securi ties). M ost o f the consols are stamped subjeot
to call at 107 hj a fte r 1905 as shown in table above. V. 07, p, 1*11.
L a n d G r a n t . The land gran t was 12,840 aeres per m ile, and proceeds
o f sales go to retire bonds, but a large proportion o f the lands bar
ren and useless for agricultural purposes without, Irrigation. In 1000-1
sales w ere 75,527 acres fo r $135,843 and 50,924 acres w ere surren
dered: In terest on deferred paym ents. $24,921; land notes outstanding
June 30, 1001, $2,097,432. Hee Ho. Pan. Item V. 05. p. 77H
fn Jan., 1902, the U. H, Suprem o Court confirm ed the com pan y's
claim to about 3,000,000 acres In dispute
V. 74, p. 152, 209.
E a r n in g s (3/273 miles). ) UKG~2,Grof*«,$20,555,824; net.$l 1,231,75 3
1 1 inns., July 1 to May 01. S 1900-1,Gross, 23,640,598; net. 10,353,567
A n nu a l R eport . Th e earnings of the properties consolidated for
the year ending Mine 30. 1901, were, gross, $25/ 30,972. net, $11.872.581; charges, $9,700,759; balance, snrp.. $2,1.' 5,822. In 1899 0,
gross, *23/25 ,008; net, $ 10.1 90,405.
Annual report o f the form er
Hon thorn Pacific HU, (2,712 miles) for year ending June 30, 1H98,
was given at length In V. 07, p. 1052, 1002, In 1900 I , gross, $18,891/187; net, $7/293,407; other Income, $744,201; eliarges, $7,821,
134
M AP OF TH E
SOUTHERN PACIFIC COMPANY
A T L A N T IC
SYSTEM .
INVESTORS’
SUPPLEMENT.
s
V
O
F
M
JyJ
[Vol. lxxv
i
O ctober , 1902.J
R A ILR O A D
STOCKS
AND
135
BONDS
S k ^ O L Y M P lA V / T a c o m a
v— O T e n i n o
Seattle
Pembina
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Humboldt
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Norman I
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W illiam s
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pEu reka
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Virginia City
WOUND HOUSC
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Hawthorne
BRIGHTON
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M A P
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SOUTHERN PACIFIC COMPANY
P A C IF IC
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=sss
136
INVESTORS5 SUPPLEMENT,
[Y o u L X X V .
Lom as — r rinolIN T E R E S T OR D IV ID E N D S
M iles D a te i Size, or
pal, W hen Due,
A m ou n t
of
of ; Par
F o r explan ation o f colum n headings, A c., see notes
O utstanding R a te per W hen W here P a ya b le, and by Stocks —L a st
Road. Bonds! Value.
on first pa ge o f tables.
Cent.
P a ya b le
Whom.
D ividend.
R A IL R O A D S .
S o u t h e r n R a i l w a y — ( C o n tin u e d ) —
G eorgia Pacific 1st m o rtg a g e .C e .......................c*
Equipm ent m ort., gold, s. f., subj. to c a ll., .c*
Richm ond A D a n v ille cons, m ortgage, gold C e .c
Deben. m ort., old 6s (no lo n g e r incom es) O e...
Equip. Trust bonds, gold, s.f.,subj. to ca ll.C e.c*
Richm ond Y o rk R iv e r A Chesapeake 1st m o r t.G
2d M., extend ed from 1900............................ G
V irg in ia M idland—Serial m o rtg a g es.....................
G eneral m o rtg a g e .O e ...........................................
W ashington Ohio A W estern 1st m ortgage. C e .
W estern No. C arolina, 1st con. m ort., go ld .C e.c*
E a st Tennessee V irg in ia A G eorgia—
D iv. M., g., (B ristol,T en n . to Selma, A la .).C e.c*
E .T .V a .A Ga. cons. M., g.($20,000,000).c<fcr.Ce
A la . Cent. 1st M., Selm a to M eridian, g o ld .C * ... .
B .— Southern R a il w a y D iv is io n a l secu rities ..
E a st Tennessee lien , g o ld .......................................
1st m ort. on M em p. & Ch., $8,000,000, g. G .c*
C h a rlottesville A R apidan, 1st m o rtg a g e ............
A ik en Branch, 1st M., gold A (V. 68, p. 8 2 6 ).......
St. Lou is div. 1st m .,$15,500,000, g .IC # ----c*A r
Col.M.,g.,$9,500 000, s,f.,sec.M .A O gen .4 sG c*A r
Mob. A Ohio bonds and stock trust cert. See Mob .
C.—On properties p r a c t ic a l ly ow ned by (*) OR
N orth ern A la b a m a R y .—See th at Com pany.
*A tla n tic A Y a d k in I s t M ., g., gu ar............ Ce.c*
HRichm. A M ecklenb., 1st M., $315,000, g o ld ,..c
it A tla n ta A C harlotte—Stock.................................
P re f. M. (o ld 7s ex t. in 1897, V .64, p.286) cur.c^
1st m o rtg a g e ....................................................... r
In com e bonds (not cum.) 6s, e x t. at 4 p .c........r
A lso addition al amounts pledged J u n e 3 0 ,1902,
566
. - -.
....
....
....
38
38
....
347
50
309
1882
1889
1874
1882
1889
1873
1880
1881
1886
1884
1884
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
lOOAc.
1,000
1,000
$5,660,000
69,000
5,997,000
3,368,000
483,000
400,000
500,000
7,635,000
4,859,000
a l , 025,000
b 2 ,531,000
552
1,020
95
1880
1886
1879
1,000
1,000
1,000
3,106,000
12,770,000
1,000,000
1894
4.500.000
1,000
1898
5.083.000
1879 lOOAc.
293,900
500
1898
150,000
1901
11,300 000
1,000
1901 l.OOO&c
....
7,949,000
A O h i O R R Co.
lease D TO(1 ) S o u t h ern R y .
1
292
28
24
365
166
31
. - -.
1899
1899
....
265*2 1877
265*2 1877
1880
....
under firstc
6 g.
5 g.
6 g.
5
5 g*
5
4*2
4 ,5 ,6
5
4
6 g.
A
A
A
A
A
A
A
A
A
A
A
J. N . Y . , J. P. M organ A Co.
A.
do
do
J.
do
do
O.
do
do
S.
do
do
do
do
J.
N.
do
do
S. Safe D. A Tr. Co., Balt.
N. N .Y ., J .P . M organ A Co.
A.
do
do
do
do
J.
5 g. J. A J.
5 g. M. A N.
6 g. J. A J.
5 g.
4*2,5
6
4 g.
4 g.
4 g.
1,000
1,500,000
4 g.
1,000
315,000
4 g.
100
1,700,000 7 in ’02
1,000
500,000
4 c.
1,000
4,250,000
7
500
750,000
4
onsolida ted m o rtg ag e : a $22
430; sur., $213,298; n et profits under lease, $1,250,706. In 1899-00,
gross, $17,514,960; net, $6,693,841.— (V. 74, p. 152, 269.)
S o u t h e r n P a c i f i c B B . o f N e w M e x i c o —See So. Pae. R R . above.
S o u t h e r n K a i l w a y € o m p a n y , - f 5 e e M a p , p a g e s M .4 a vid
1 4 5 . ; —Com pany operates 6,729 m iles, ex ten d in g from W ashington,
D. C., and West P o in t and Richm ond, Y a ., to D a n ville, V a., G reensboro,
N. C., N o rfolk , Va., C harlotte, N . C., Colum bia, N. C., and A tla n ta , Ga.,
thence n orth erly to B ristol, Tenn., southeasterly to the coast at Bruns
w ick , Ga., and w esterly across the States o f A la b a m a and M ississippi
to the M ississippi R iv e r at G reen ville. W a ter lin es—Balt. Ches. A
Richm ond S. B. Co., 200 m iles.
Owned i n fe e —
M ile s .
L eased — C o n tin u e d .
M ile s .
A le x a n d r ia (n ea r W ash in g’n)
tlTR ichm ondA M ecklen b.R R .
31
to Greensboro, N . C ........... 280 TTNorth C arolin a R R .—
C h arlotte,N .C .,to A u g ’sta,Ga. 191
Goldsb., N. C., to Greensb.. 130
Greensb. to C h arlotte, etc..
94
CoPm bia,S.C .,toG reenv.,S.C . 144
W . P o in t, Va., to N e a p o lis ... 179 A tla n tic & D a n v ille R y . —
N o rfo lk to D a n v ille, V a.,
Salisbury, N.C.,to M orristo’n,
T e n n ..................................... 231
and branches .................. 282
M em phis to Stevenson, A la ... {272 L o ck h a rt R R .. ......................
14
O p era ted u n d e r a g re e m e n t —
B ristol to Chatt’ga, T e n n ---- 242
10
K n o x v ille to Cum b’ d G a p ,K y
64 t R o s w e ll R R . (n a rro w ga u ge)
C o n tro lle d by s e c u ritie s —
O oltew ah Ju n ction ,T en n ., to
Brunsw ick, G a..................... 415 A tla n tic A Y adk in .. ............. 165
10
A u stell,G a., to State L .. Miss. 261 State U n iv e rs ity R R .............
51
A tla n ta Jc., Ga., to Y o rk , A la. 271 E lb erton A ir L in e R R ...........
A tla n ta , G a.,to F t.V a lle y ,G a . 102 tU K n o x v ille A Ohio R R ........
69
E. St. L., 111., to N. A lb ., In d . 263 N o rth C a rolin a M id la n d .......
54
Branches, e t c ..- - ................... 1,450 O ther roads............................. 113
T ra c k a g e R ig h ts —
T o ta l o w n e d ................ 4,365
H a rd e e v ’e, S. C., to Sav., Ga.
23
L ea sed —
W ashington,D.C.,to A le x .,V a .
7
Stevenson to Cha ttan ooga, A c
39
UA tla n ta A C h arlotte A i r L.
27
Chari.. N.C., to A tla n ta , Ga. 268 Y o rk , A la ., to M eridian,M iss.
H G eorgia M idland R y .......
98
B irm ingham to M ob ile Jc., A c
18
10
F ra n k lin A P itts y lv a n ia .......
30 K en tu ck y A In d ia n a B rid g e .
IfM ob ile A Birm ingham R R .—
Selm a,N .C.,to P in n ers P t.,V a . 155
26
Selma, A la .,to M arion J et.. 149 O t h e r .......................................
IJSouthern R y., Car D iv .—
T o ta l m ilea g e op. J u ly ,'02.6,779
Charleston, 8-C , to Augusta,
Ga., w ith branches to Co
lum bia, S C., e t c ___
252
C o n tro lle d — o p e ra te d sepa ra tely.
Cam d’n, S. C .,to M ar’n ,N .C . 171 M o b ile & O h i o .............. ....... 874
A sh ev., N. C., to Alston,S.C. 134 A u gu sta S ou th ern .................
82
O ther branches................... 151
t A ll o r n ea rly all o f the ca p ita l stock ow n ed. If See this com pany,
i E x c e p t 35 m iles in M ississippi w hose securities are all owned.
A ls o has one-sixth in terest in Rich m ’d-W asliin gton C o , o w n in g union
lin e betw een Richm ond and W ashington, 115 m iles. V. 75, p 449.
A ls o has perpetu al tra ck a g e rig h ts o v e r A tla n tic Coast L in e R R .
b etw een Savannah, Ga., Jesup and J a ck so n ville, F la., 172 m iles, be
gin n in g J u ly 1, 1902. V . 75, p. 31.
a f f il ia t e d but operated se pa r a te ly (See each Co.)
A la b a m a G re a t Southern---- 357 I N orth ern A la b a m a ................ 119
Cincin. N . O. A T ex . P a c ific .. 336 |G eorgia Southern A F la ........ 397
Or g a n iza t io n , E tc .—A reorgan ization in 1894 o f the old Richm ond
A W est Pt. Ter. R a ilw a y & W arehouse system. Th e reorganization
p l a n presented in M ay, 1893, w as g iv en in fu ll in V. 56, p. 858, 874,
and certain changes th ereof in pp. 1016, 1058, and V. 57, p. 61.
Th e
m odified plan o f Feb. 20,1894, w as given in fu ll in V. 58, p. 363, 385.
A s to Cincinnati N ew Orleans & T ex a s Pacific, see th at com pany. On
J u ly 1, 1898, absorbed M em phis A Charleston. V. 66, p. 39, 185.
M o b ile & Birm ingham R R . (149 m iles) w a s lea sed from June 1,
1899, fo r 99 years. V. 68, p. 429, 1134; V. 69, p. 391.
In A pr., 1899, purchase a the N orth ern A labam a, Sheffield to Parrish,
A la ., and branch, 119 miles (V. 68, p. 824. 873); also acquired co n trol
o f and leased the South C arolin a A G eorgia. V. 69, p. 390.
A tla n tic A D a n v ille has been leased fo r 50 years from J u ly 1, 1899.
In Ju ly, 902, purchased A tla n tic V a ld osta & W estern R y ., 112
m iles, and m erged it in Ga. So. A Fla. V. 74, p. 1399
Southern By., Carolina D ivision , see th at com p any fo llow in g.
Sto ck . A u th orized $120,000,000 com m on and $60,000,000 fiv e p e r
cen t n o n -c u m u la tiv e p r e fe r r e d stock. N o additional m o rtg a g e can be
put upon the prop erty, nor can the am ount o f the p referred stock be
Increased w ith ou t the consent o f holders o f a m a jo rity o f the preferred.
A s to question whether the p referred stock is subject to call, see V. 72,
p. 1136. In Jan., 1900, reduction o f the stock w as authorized b y the
V irg in ia Legisla tu re, on m a jo rity vo te, w h e n ev er deem ed desirable.
V. 70. p. 177, 947, 1150.
V oting T rust .—A m a jo rity o f both classes o f stock is deposited w ith
th ree stock trustees under an exten sion consented toin 1902. The stock
shall be held by the stock trustees and th e ir successors, jo in tly , u ntil
Oct. 15,1907, and th e re a fte r u n til term in ated by a v o te o f a m a jo rity
o f the stock absenting thereto, although the stock trustees m ay, in their
discretion, d eliv er the stock at an ea rlier date. Stock trustees: J.
P ierp o n t Morgan, Charles L a n ie r and G eorge F. Baker.
P rovision s
o f v o tin g tru st and pref. stock cert, in S c p p . o f A p r il, 1897, p a g e 6.
A s to extension , see V. 75, p. 442, 612.
D ividends (p .o .) > 1897
1898
1899
1900
19Q1 1902
on p referred
>
1
1
2
3
4
5
J.
F.
J.
A.
M.
J.
M.
M.
M.
F.
J.
do
do
do
do
do
do
do
do
M. A S.
J. A J.
do
do
J. A J. Phil.,Tr.S afeD .A In s.C o.
J. A J. N .Y ., J.P. M organ A Co.
do
do
J. A J.
M. A 8.
do
do
A . A O.
M. A N.
M. & 8.
A . A O.
J. A J.
A. A 0.
5,000:
Jan. 1, 1922
Various.
Jan. 1, 1915
A pr. 1, 1927
Sept. 1, 1909
Jan., 1910
N o v., 1910
Var. 1906-31
M ay, 1936
Feb. 1, 1924
Ju ly 1, 1914
Ju ly 1, 1930
N o v. 1, 1956
Ju ly 1, 1918
Mch., 1938
J u ly 1, 1996
J u ly 1, 1913
Ju ly 1, 1993
Jan. 1, 1951
Sept. 1, 1938
N .Y ., J.P . M organ A Co. A p r. 1, 1949
N o v. 1, 1948
do
do
N. Y ., Central Trust Co. S ept.6,’02, 3*2
Jan. 1, 1907
do
do
Jan. 1, 1907
1
do
do
Jan. 1, 1907
do
do
b $1,325,000.
B onds.—T h e n ew f i r s t con s o lid a te d m o rtg a g e , C en tral T ru st Co.,
N. Y ., trustee (see a b s t r a c t in V. 59, p. 783), is secured b y mortgager
and pledge o f a ll the p rop erty o f the com pany. T h e tota l au th orized
issue is $120,000,000 gold bonds. (V. 70, p. 1150), as fo llo w s :
Issued to June 30, 1902 (o f w hich $2,790,000 in treas )... $36,465,000
“ p rio r bonds” (see V. 59, p. 7 8 5 )...........
65,355,000
Issuable on ly to stocks (see V. 59, p. 7 8 6 )..........................
5,700,000
re tire certain . equ ipm ent obligation s (see V. 59, p. 786)
537,700
T o be issued h erea fter o n ly fo r extensions and additions
a t n ot exceed in g $2,000,000 y e a rly , w ith a sin gle ex c e p
tion as to $4,000,000 (see V. 59, p. 7 8 6 )...........................
11,942,300
P r io r bonds m ust be paid b y m atu rity.
D iv is io n a l F ir s t M o rtg a g e bonds, issued in 1898 on account o f p u r
chase o f M em phis A Charleston R y., bear 4 per cen t in te rest from Jan.
1, 1898, to Ju ly 1, 1901; then 4*2 per cen t to J u ly 1, 1906, and 5 p er
cen t th erea fter. T h e to ta l au thorized issue is $8,000,000, but $1,500,000 can be used o n ly to build a lin e replacin g tra ck a g e betw een S teven
son and Chattanooga, 38 m iles. O f the rem aind er o f the loan, $5,083,000 w ere issued to re tire old m o rtg ag e indebtedness. The bonds c o v e r
the 292 m iles o f m ain lin e and branches, at $17,408 per m ile. The b a l
ance ($1,417,000) is held fo r betterm en ts at n ot exceed in g $100,000
yea rly. See description o f loan in V. 67. p. 179.
Second m o rtg a g e on fo rm er M em phis A C harleston secures $2,500,000 o f 5 p er cents, o f w hich $1,500,000 ow n ed b y So. Ry. June 30,
1902 and $1,000,000 reserved fo r im provem ents. St. L o u is D iv is io n
m o rtg ag e covers the fo rm er L o u is v ille E v a n s v ille A St. Lou is R R .,
consisting o f 374 m iles o f m ain lin e and branches, the balance un
issued, $4,200,000, bein g, reserved fo r extensions, im p rovem en ts or
additional equipm ent. V. 72, p. 138.
T h e co lla tera l tru st 4s o f 1901 w ill be issued d o lla r fo r d o lla r in e x
change fo r the M ob ile A Ohio gen era l 4s as acquired, b y a p led ge o f
w hich they w ill be secured. Stock tru st certificates fo r M. A Ohio
stock w ill also be issued, upon w hich dividends w ill be p a ya b le at 2 p er
cen t fo r one year, 3 p er cent fo r the second y e a r and 4 per cen t in
p erp etu ity th erea fter. V. 72. p.242, 822. In 1902, $7,949,000 o f the
$9,472,000 bonds and $4,932,600 o f the $5,320 000 stock had
been deposited. V. 72, p. 439; V . 73, p. 664.
The date o f m a tu rity o f the C harlotte Colum bia A A u gu sta second
m ortgage, as g iv en therein, is Oct. i,1 9 0 2 ; in the bonds them selves,
Jan. 1, 1910. V. 71, p. 85. E qu ipm en t trusts m ature as fo llo w s: Ser
ies A , $225,000 each in M a y and N o v ., 1901, and $213,000 May 1 and
$212,000 N o v 1 in each y e a r th ereafter; Series B, $180,000 each,
Mar. 31 and Sept 30, 1902 and $170,000 each M.&S. th e rea fter
In
S ept , 1902, consols w ere bein g issued in exch an ge, d o lla r fo r d o lla r
fo r the $2,000,000 C h arlotte Colum bia A A u gu sta 1st 5s; $529,000,
had then been exchanged. V. 73, p. 1265.
G en eral F inances .—C ertificates o f indebtedness incu rred fo r pur
chase o f properties June 30, 1902, $2,240,000; collat. trusts bonds,
$4,(>00,000, see ta b le above. V. 75, p. 448. D uring 1900 01, $4,742,000 consol. 5s w ere issued. E qu ipm ent notes o f old com panies June
30, 1902, $46,223; m iscel. equ ipm ent obligation s additional to those
above, $493,875. Th e acqu isition o f the M obile A Ohio in 1901 affords
a lin e to M obile and M ontgom ery, A la ., etc See Bonds above. V.
72, p 242; V. 73. p. 343. In A p r., 1902, the divid en d w as increased to
th e fu ll * p er cen t rate. V . 4, p. 578.
In July, 19(>2, the Southern Ry. and L o u is y ille A N a sh ville had ac
quired a m a jo rity o f the $15,500,000 Chicago In d ia n ap olis A L o u is ville
stock in exch an ge fo r th eir jo in t 50 yea r 4 per cen t bonds on the basis
o f 78 fo r the com m on and 90 fo r the preferred stoc^, o r o p tion a lly sixtenths o f the purchase p rice in cash. V. 74, p. 1029,1090.
L atest E arn ’ gs—2
J1902 ......Gross, $6,789,672; net, $1,847,540
tnos., J u ly 1 to A u g. 31 < 1 9 0 1 ........Gross. 5,990,5^*9; net, 1,658,595
O peratin g 7,107 m iles in 1902, again st 6,917 in 1901.
A n nu al R eport .—Fiscal vear ends June 30. A nn u al m eetin g is held
the second Tu esday in October. Th e re p o rt fo r 1901-02 was g iv en at
len gth in V. 75, p. 438, 447 See also ed ito ria l p. 415.
T r a ffic .—The freigh t ton n age is w id e ly diversified, which is an e le
m en t o f strength. A gricu ltu ra l products in lu01-02 furnished on ly
about 14 per cen t (cotton about 5 per cen t), w h ile o ver 40 per cent
was from m ining industries (30 per cen t bein g coal) and about 28 per
cen t was product o f m anufactories. Ton rate, 0*931 cents per m.; tra irload, 226 tons. Earnings, etc., (inclu ding in 1902 and 1901 the St. Louis
division. 374 m iles, fo r the e n tire year, but in income account in 1901
o n ly fo r 6 months a ctu a lly op era ted ), h ave been as fo llo w s:
Y ea rs end. tu n e 30.
1902.
1901.
1900.
1899.
A v e r a g e m iles oper.
6,743
6,799
6,306
5,254
$
$
$
$
F r e ig h t................... 24,942,460
23,617,452 21,006,730 16,099,293
Passengers.............
9,601,360
9,065,805 7,737,455
7,083,253
M ail, express, etc.
3,168,428 3,014,515 2,456,685
2,171,140
Gross e a r n in g s ___ 3 7 ,7 l‘2 ,24s
35,697,772 31,200,870 25,353,686
O per’g exp. A ta x es 26,846,^37
25,093,413 21,831,447 17,356,355
O p.exp. to gross, p.c.
(71*i9)
(70 29)
(69*98)
(68*45)
N e t e a rn in g s .......... 10.865,411
10,316,857
9,369,423
7,997,331
O ther incom e..........
824,509
498,706
318,805
328,470
T o ta l net in com e
11,089 920 10,815,563
9.688 228
8,325 801
In terest and rentals
7,833,614
7,181,296
6,755,442
6,207,253
O ther deductions..
255,409
93,767
15.535
24,028
Bal., sur. fo r y e a r ..
3,‘ 00,897
3,540,500
2,917,2o2
2,094,520
D ivid . on p r e f........(5)3,000,000 (4)2,400,0ou (3)1,800,000(2)1,172,904
RAILROAD STOCKS AND w N D S
October . 1902 I
137
B on d s—t v iu ^ .
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal, When Due,
A m ou n t
of
of
Par
R a te per W hen W here P a ya b le , and by Stocks— Last
F o r explanation o f column headings, &c., see notes
Outstanding
Road. Bonds Value.
P a ya b le
Whom.
Cent.
on first pa ge o f tables.
D ividend.
R A IL R O A D H .
3 g. A . Sc O. N .Y .,J . P. M organ Sc Co.
1946
A u g., 1902,31*
J u ly 1, 1925
A p r. 1, 1919
J u ly 1, 1945
J u ly 1, 1945
J u ly 1/02, I ' d
J u ly 1, 1948
245 1894
1,000
5,250,000
5 g. M. Sc N. N .Y ., J.P . M o rgan Sc Co.
1895
....
1,000
do
do
1,000,000
4 g. J. fa J.
1902
....
5,000,000
4 g. J. 6C J. N , Y . , J .P .M orga n Sc Co.
126
....
50
1,499,900 10 in ’ 02 A . & O. Phila., B road St. S tat’n
126 1877
1,000
F. Sc A .
do
do
900,000
7
S p a r ta n b u r g U n io n & C olu m b u s—See S o uthern R y .,C AROLI NA D lV I SION.
333
100
Southw estern ( G a . ) —Stock (see t e x t ) ........................
....
J. Sc J. Sav., Ga. fa M acon, Ga.
5,191,100
5
6
....
100
J. Sc J. N. Y .. G r’d Cent.Station
S p u y len D u y v ild B 'tM o r.-^ X o e ts .fi) p.c.gu.fN .Y.Cent.
989,000
8
24 1898
1,000
State L in e d S u lliv a n — 1st m ort., $300,000, g .U n c *
h
275,000
4 3 g. J. Sc J. N. Y ., U nion T ru st Co.
s
13 1893
1,000
Staten 1st. R y — 1st M., $1,000,000, g o l d . M e » . . , . o *
4 ^ g. J. & D. N. Y .,o ffi.fo o t W h iteh all
511,000
Staten Is la n d R a p . T r .— See B altim o r e fa O h io ...
23
....
100
S to ck b rid g e £ P itts fie ld — 6p.c. r e n ta lN .Y . N .H .& H .
448,700
6
Q .-J .1 5
Stockbridge, Mass.
1894
1,000
S u lliv a n C o u n ty R R — 1st m o rtgage, $400,00' >
---- c
4
A. Sc O. Bos. Safe D ep. Sc T r. Co.
357,000
S u n b u ry H a 2le. < W ilkesb.— S u n b ’r y & L ew istow n — See * P ENNSY LVANIA R R .
&
S u n c o o k V a lley —Stock, 6 p. c. re n ta l Con. & M o n ..
100
J. & J M ’n ch W r , N . H . ,N at. Bk
240.000
6
*31 1902 10,000
Susq. B oom s. <1 B e rw .—1st m o rt , $150,000, gold.,
150.000
5 g1902
Susq. < Hew Y ork — 1st M ., $2,000,000, g., re d ., te x t
&
ft)
4 *sg. J, Sc D.
30 1873 500 &c.
Sussex R R — 1st m o rtg a g e .......................................
235,500
7
A. 6c O. N Y ., D. L. Sc W . Office,
....
81
100
S yracuse B in g h a m to n & New Y o rk —S tock — .........
2,500,000 8 in 1901 Q.—F. N. Y .,D . L. Sc W. R R . Co.
81 1876
1,000
Consol. M .(p. andi. gu. (end.) b y D.L.&W .).F.c*<fer
A. Sc O.
1,966,000
7
do
do
Syracuse Geneva & C o m in g —Stock 3 ^ p. c. ren ta l)
...
....
100
Q . - F . N .Y ., Gr. Cent. Station.
1,325,000
3*2
64 1875 100 See.
M15&N. N. Y ., Farm . L. Sc Tr. Co.
1st m ortgage, s. f., d r’n at p a r . F ....................... c
41 ,100
7
64 1879
1,000
2d m o rtgage F ....................................................... 0
600,000
5
M. & S. N. Y ., Gr. Cent. 8tation.
M a y 1, 1919
Jan., 1995
Oct. 1, 1952
Oct. 1, ’02, 5%
Feb. 1, 1917
S o u t h e r n R y . — ( OoncLJ-^Ga.Mid. 1st M .,in t.gu .C e
UNorth Carolina— Stock, 7 per cent, gu ar......
* K n o x v ille fa Ohio, 1st m ort., gold C e . .......c*<fer
Sum ter & W a teree R iv e r R R . 1st M .C e .............
IfM oh ile & Birm ingham R R .. p rio r lieu, g . C e . . . c
1st m ortgage, $1,200,000.M e ...........................c
P re fe rre d s t o c k ...................................................
A tla n tic & D a n v ille 1st M . M e ..........................
S o u th e rn R a ilw a y , C a r o lin a D iv is io n —
USo. Carol. Sc (4a., 1st M., g., $5,250,000.C e ...c *
*Spart. U nion & Col., $1,000,000, gu. Ash. Sc Sp.g.
N e w consol, m ortgage, $18,000,000 N ................
Southwest P e n n s y lv a n ia —Stock ($3,000,000 auth.).
1st M., sink, fund $5,000 yearly, n ot d ra w n ...... r
98
....
66
16
149
149
....
278
1896
$1,000
100
1,000
1,000
1885
1899
1895 200, 1,000
1895 200, 1,000
... .
100
1900
1,000
O f f ic e r s .—P resident, Sam nel Spencer, 80 B ro a d w a y, N e w Y o rk ;
Sec’y , R. D. La n k ford , 80 B ’ dw ay, N. Y .; T rea s’r, H . C. A n sley, 1300
P en n sylva n ia A ven u e, W ashington, D. C.
Directors.—A B. Andrews, Raleigh, N. C.; Joseph Bryan. Richmond, Va.; W.
W. Finley, Washington. D. C.: S. M. Inman. Atlanta, Ga.: Adrian Iselin Jr..
Samuel >peDcer Charles Steele, James T. Wood warn, Harris C. Fahnestocfc,
Robert M. Gallaway, Charles Lanier aud Edmund D Randolph of New York.
- ( V . 75, p. 4 3 8 , 442, 4 4 7 , 499, 550, 612, 734, 794, 849.)
S o u t h e r n R a i l w a y , C a r o l i n a D i v i s i o n . —C harleston, S. C.,
to Augusta, Ga., w ith branches to Colum bia, S rC., etc., 252 m iles;
Cam den. 8. C., to M arion , N . C., 171 mile-*; A sh eville, N. G., to A lston ,
8. C., 134 miles; other branches, 138 m iles; tota l, 695 m iles. L eased
to the Southern R y. A consolidation o f the A s h e v ille fa 8partan bu rg
C arolin a M idland, South Carolina and G eo rgia & South C arolin a &
G eo rg ia E xten sion railroads. Stock authorized $7,798,700. Or the
consols o f 19o2 ($18,000,000 au th orized), $6,‘2bO 000 are re serv ed to
re tire at or before m a tu rity the u n d erlyin g d ivision a l bonds, $5,000,000
are to b e used to reim burse the Southern Ry. fo r the p revio u s pur
chase o f the severa l properties, and the rem a in d er fo r im p rovem en ts,
equ ipm ent and extensions, $4,000,000 bein g re serv ed fo r a n o rth
w estern extension in to and through the States o f South Carolina.
N orth Carolina, V irg in ia , Tennessee and K en tu ck y.
V . 75, p. 136.
President, A . B. A n d rew s — (V. 75, p. 31, 136.)
S o u t h S h o r e R y , —See Quebec Southern R y .; V . 75, p. 550,612.
S o u t h Sc W e s t e r n R R - Johnson C ity, Tenn., to Caney R iv e r,
N. C., 3 3 ^ m iles; also gra ed from Johnson C ity, Tenn.. to G ate C ity,
Va., 40 m iles, and from C iinchport. V a , to M inneapolis, V a., 40 miles.
In A u g., 1902, a syndicate frie n d ly to the Seaboard A ir L in e, it was
understood, arran ged to exten d the lin e n orth erly from Johnson C ity
to Iron ton , Ohio, on the D etro it Southern and sou th erly to Lin coln ton ,
N. C., on the Seaboard A ir Line, w ith th e la tter o f w hich ao alliance
w ill be made. V. 75, p. 291. A consolidation in June, 1902, o f the
Ohio R iv e r fa Charleston R y. w ith oth er properties. V. '"4, p. 1091.
Stock, (1). T h e stockholders on June 25, 1902, au thorized a m o rt
gage to secure $500,000 bonds. President, G eo rge L. C arter.— (V 74,
p. 1091; V. 75, p. 78, 2 9 1,79 4.)
S o u t h w e s t P e n n s y l v a n i a R y , —Greensburg, P a .,to Fairchan ce,
Pa., 45 m iles, and branches, 90 m. Leased to Penn. R R ., w hich pays
net earnings as ren tal and ow ns $1,057,250 stock and $600,000 bonds.
D iv id e n d s .— > 1892. ’ 93. ’ 94. ’ 95. ’ 96. 1897 to Oct., 1902.
P e r c e n t.-., s 10
10
10
11
11
10 per cen t y e a rly.
$1,650,000
4,000,000
2,000,000
100,000
600,000
1,200,000
900,000
3,925,000
7
6
5
5
4
3 to
4
F.
g. J.
g A.
g. J.
J.
4 J.
g J.
& A.
B u rlington , N . C.
& J. N. Y . , J. F . M organ Sc Co.
sc O.
do
do
& J.
do
do
Sc J.
do
do
& J.
do
do
Sc J N . Y .,M e rc a n t. Trust.
P en n sylva n ia fa W estern R R .,
authorized, $1,000,000; p a r o f
W illia m -p ort, Pa., is m o rtg a g e
1901 (old Co.), gross $24,002;
P resid en t, J. H e n ry Cochran,
Cochran, W illia m sp o rt, Pa. (V .
Ju ly 5,’02,2 *2%
Ju ly, 1902, 4%
Jan. 1, 1929
June 1, 1943
Oot., *02, 1 % %
A p r. 1, 1924
J u ly ,’0 2 ,3 %
A u g. 1, 1912
D ec. 1, 1932
A pr. 1, 1903
A u g. 1 ,’ 02, 2%
Oct. 1, 1906
N o v .1 ,’02, 78%
N ov. 15,1905
Mch. 1. 1909
foreclosed. V . 75, p 343. Stock
shares, $50 Seth T. M cC orm ick o f
trustee. F o r y e a r en d in g June 30,
def. under oper. expenses, $4,054.
S ecretary and Trea su rer, Charles
75, p. 343.)
S u s q u e h a n n a ^ N e w Y o r k R R . —P ro jec te d fro m B in g h a m
ton , N. Y., to R a lrt m and branches, a to ta l o f L50 m iles; o f this 25
m iles fro m T o w a n d a , Pa., v ia Laquin, is in op era tm n , and 25 m iles m ore
to Ralston, Pa., is under construction. A con solidation in 1902 o f the
B a rc la y RR. and the B in gh am ton T o w an d a fa W estern R y . V . 75, p.
291. Stock, $2,000,000, a ll outstanding; p a r o f shares, $100. Bonds
au th orized (see ta b le a b o ve) are to be dated Deo. 1, 1902, and subject
to ca ll in ten years. Gen. M gr., C. S H orton ; Trea s., M. F . H a m
mond, W illia m sp o rt, P a .—(V . 75, p. 291, 395.)
S u s s e x R R . —O w ns roa d from W a terlo o to F ran klin , N . J., and
branch, 30 m iles. R oad opened 1854. Since 1881 operated b y D el.
Lack. fa W., w hich owns a m a jo rity o f the $1,638,600 stock. D ividends
paid fro m earnings o f 1899, 3 p. c.; 1900, 4 p. o.; 1901, A u g., 2 p. c.;
1901, 2 p. c. For yea r en din g Deo. 31,1901, gross, $164,546; net, $58.855; charges,$16,592dividends (2 p. o.), $32,772; balance, sur.f $9,491.
S y r a c u s e B i n g h a m t o n Sc N . Y . R R . —Geddes, N. Y ., to B in g
ham ton, N. Y ., 81 miles. C on trolled since 1869 b y D ela w a re Lack. fa
W., which, June 30,1900, ow n ed $1,901,900 stock and guar, th e bonds.
D i v i d e n d s .......>
P e r c e n t ........... s
*88
’ 89
’90
12
8
8
E a r n in g s .
Gross.
1901 ........... $1,070,917
- ( V 65, p. 5 6 8 .)
N e t.
$476,217
’ 91
13
’ 92 to Aug., 1902, inclus.
8 y e a r ly ’(2 p. o. quar.)
In t.
D iv id e n d s .
B a l..s u r .
$137,620
$200,000
$138,597
S y r a c u s e G e n e v a Sc C o r n i n g R v * —Corning, N. Y ., to G eneva.
N. Y ., 58 m iles; P en n Y a n to D resden, 6 m. F o rm e rly leased to F a ll
Brook R y ., but lease canceled and n ew lease m ade from M a y 1, 1899,
fo r term o f co rp o ra te ex isten ce to N. Y . Central, fo r $46,375 p er an
num, p ayable q u arterly, in te rest on bonds and oth er o b liga tion s,ta x es
and repairs, the N. Y . C. o w n in g $821,800 o f the $1,325,000 stock, p a r
$100. Th is rental is e q u iva len t to a 313 p er cen t d ivid en d on the stock.
(V . 68, p. 573; V . 73, p. 1063; V . 74, p. 328.)
T a c o m a E a s t e r n R R . —U n d er constru cton fro m T acom a, Wash.,
sou th easterly to w a rd E a to n v llle , Wash., about 34 m iles, o f w h ich 25
m iles com pleted in A p r , 1902. Stock, $250,000, a ll issued. Bonds
Yr.Dec. 31, Gross,
Net.
Int.,taxes,<&c.
D ivid ’ds.
Balance.
1901........$1,691,921
$253,904 $127,250
$149,990 def. $23,336 are subject to ca ll at 103 on any in te rest day. F lo a tin g deb t A p r.
1 9 0 0 ...... 1,424,956
3H4.059
214,069
>49,990
.... 1,1902. about $250,000. Presiden t, F d w a rd Cookingham . P o rtla n d ,
1899....... 1.006,444
224,706
106,799
149,990 def. 32,083 Ore.; Secretary, E. M. H ayden, Tacom a, o re .— (V. 71, p. 343 )
* Includes $19,909 oth. Inc, m 1899; $17,513 in 1900; $3,985 in 1901.
T a l l u l a l * F a l l s R y . —Owns C o rn elia to T allu lah F a lls , G a ,t 21
e r a E : R t ( 0 a , > « O w Macon, Ga., to Eufaula; Fort m iles; ex ten sion under constru ction fro m Tallu lah to N o rth C a rolin a
Valley to Columbus, Ga., etc., w ith branches; total, 333 miles
line, 25 miles. Successor iu 1898 o f the Blue R id ge Sc A t la n t ic R R .,
Leased for 101 years from Nov. 1,1895, to Central of Georgia Ry. at foreclosed. V. 66, p 810. Stock au th orized, $500,000, o f w h ich
a rental o f 5 p, o, on stock. As to suit, see V, 71, p, 809; V. 73, p. 1082. $250,00 >is 5 p er een t non-cum p referred ; p a r o f shares. $100. Bonds
S p u y te u I> u y v l l Sc P o r t M o r r i s
Owns 6 m» double track see ta b le above. Y e a r ending June 20, 1901, gross, $18,747; n et
and connects the N* Y . Central fa Hudson w ith the N. Y . fa Harlem. $4,874. Presiden t, G eo L . Prentiss, N e w Y o r k .— (V . 75, p. 24L.)
Leased to N ew York Central till Dec. 31,1970, at 8 per cent on stock.
S ta t e M i t e
.S u lliv a n
Owns Monroeton, Pa., to Berenice,
Pa., 24 miles. Stock, $980,250 (par $50.) M ortgage covers 5,000 acres
coal lands. The new 1st 4 hh are subject to call fo r sinking fund requirem nm at 105 until Jan. i , 1914, and thereafter at par.
V. 67, jk 1209.
Road leased till 1934 to f cun. & >f. Y, Canal a KK. (rental, $4 0,000 per
atm..), and ao oper. by Lehigh Valley,— (V. 89, p, 1248; V, 74, p. 479.)
Htsktmi I s l a n d
u iY F a e f b, Bp i
>
Cliftorj to TottcnvJIIe, 12*64 miles. F o rm erly
im rf s,r j - i \,f l>
j*
, hit* ■ noe July, 1899,
i
0 (jeratefi
by its owners. St o c k ,—$ 1,050,000; par, $75, O f the 4% p ercen ts no
more than $511,000 to be Issued ex cep t on tw o-thirds v o te of stock.
Year ending June 30., 1902, gross, $187,869; net, $34,184; Int. and
Vvxer-C $34,588; batance, d ef , $374.-G Y . 61 >p, 787.i
S ta ten I s la n d R a p i d T m ilH lt f£y.~Purctt&iH$d at .foreclosure
April 20, 1890, subject to the first m ortgage by the H. Sc O. V. 09, p.
M L Hm B. fa O.— (V .7 0 , p. 585, 895; V. 73, jk 1800
H tn rh b r i d g e Sc J P litw flo Id R ft-.^ V a u d e u s e n v llle to Pitfafcflfild,
, I Z ■ e -- erl for 99 veers April ] 1393, In N. Y. N, JL A II., at
-
8 f> e. on stock.
«
Leasee pays taxes.
Lease to fJmis&tonir. suspended.
Hn f f o I U Sc d a r o 1 n o M R . —Sec pa<e 175.
1
..VG UU ven C o u n t y R S I, —Road from Bellows Falls to Windsor,
f L, 28 bdlCrc Road o-pened ;l 849 ; operm L'd -Unerj April. JVD.'R by
JlcstoFi fa Maine, Met earnings, Umn taxes Find interest on bonds, paid
lessor. Stock, $500,000, owned by Vermont V alley RR, For year
190L02.
$30fiJ 98; m%, $07rd48; interest, faxes, etc,, $27,598;
dividends (8 p. od, $40,000; bah, nor.,, $ 5 5 .- (V, 05, P< HH7. )
nn mb’wry I-ffav;lcio si S W M J u ^ L M y . ?
c,
Bee Pen ti sylvan la
8 n n a 11.r f A: s, e w I m w n I f y *
to
J
R a:l f ro ad.
S fiu c a o k V a U e y R R .—Owns road Huneook to rit.tndeld, M, If., 17
eadf-w Teased till 1912 to Concord < Montreal for f) -p. r. on $249,000
..
%
of eiplti-al atock; total stock Is-aucd Is $341,700," Of which $i o ijv o o is
rum-dividend paying. President, Hiram A, T u ttle, Pittsfield, n , g ,
,
S llo o u ra s b u rv dr f f l r r w t n k R,JTt, - W atsb0t o Wjx
to O rangeville. Pa., 3.1 rni;es. Hiinceasor In Aug., 1902, to the Contra I
T e l i u a n t e p e c j I V a t l o u a l R y . —V . 74, p. 94; V . 75, p. 794.
T e n n c « & g e C e n t r a l R R . —N a sh ville, Tenn., ea sterly to H a r d
in rui, w ith branches, 22 initOfe, a to ta l o f a b o u t200m iles. E xten sion from
N a s h ville w esterly via C la rk sville to State lin e and connection w ith III.
Central was under construction J u ]v f 1902. T h e N a s h v ille Term in al
Com pany’ s fa cilities, to be built, in clu din g term inals and bridge across
the Cum berland R iver, are leased fo r 09 years from M ay 1, 1902.
A consolidation in A p ril, 1902,o f the Tennessee c e n tra l Ry.. N a sh ville
fa K n o x v ille R R . and The Tennessee Central By., under the nam e o f the
Nash v ille fa C la rk sville RR., the la tte r ch anging its nam e to the T en
nessee Central R E . Co. as above. V. 73, p. 337, 392; V. 74, p. 577, 831;
V. 75, p. 499.
HEei/nmics. - Stock authorized, $8*000,000, all common (p a r o f
shares, $100), issuable at $25,0u0 per m ile. T h e citizens o f N a sh ville
on Aug. 30, 19ol, voted to subscribe to $ 1,000,000 stock, the sub
scription price to be paid on com pletion o f the road from N a s h v ille to
C larksville. Suit, V. 74, p 1300.
Th e new Tennessee Central RR. bonds, dated Ju ly 1, 1.002, are
Issuable at $25,ou0 per mile; o f the present issue (abou t $5,’ -00,000)
$8,300,000 arc reserved to retire the Tennessee Cent ral M anw ay and
N a sh ville fa K n o x v ille RR. bonds. Th e N a sh ville ren n lm i] m ortgage
is fo r $1 j)00,000; see th at eompuny. T h e M ercantile T r st Oo. o f b e
L ou Ib J trustee o f both o f the new m ortgages. (V .7 5 , p. 291,499.)
h
T e r m in a l
H H . \ nwoc I ji I I o i i oil S C I . o i i I h .— I'u o i’ KitTV.
Owns and operates ex te n s iv e term inals at Ht. Louis, w ith lic it lines and
bridges, am f a tunnel 4,800 fee t In length; operates ICust HI. Louis fa
Cn.ro mb* let R y., 12 miles, since Mur, I, 1902. V ,74 ,p, 1 9. The station
Is leased to tenant lines tor $325,000 per annum on a w heel age basis.
In Oct,, 1002, the W lvgin s F erry Co , the In te r State Car T ra n sfer
Co. and Ih eH f. Louis Mel t..fa Term I nal Ry. w ere about to ho acquired,
and the. Chicago Rock Island fa Paid fie. and Ht Louis fa. Han Francisco,
< and per haps others, to becom e fonaniH.
O r g a n is a t io n .—o rga n ized In 18H9. T h e fo llo w in g com panies a re
sole ow n ers: Cleveland Cincinnati Chicago fa Ht, Louis. Lou isville <
V
Nashville, Ht. Louis Iron Mountain fa. Boil thorn, Halt, At O. Month-
13§
INVESTORS’
SUPPLEMENT.
[Y ol . LXXV.
B o 7id 8—-Princi
R A IL R O A D S .
IN T E R E S T OR D IV ID E N D S .
M iles D ate Size, or
pal, W hen Due*
A m ou nt
o
Par
of
F o r ex p la n a tion o f colum n headings, &c., see notes
R a te per W hen W here Payable, and by Stocks— L a st
Bonds Value. Outstanding
on first p a ge o f tables.
Road.
Cent.
P a ya b le
Whom.
D ividend.
T a co m a E a stern — I s t M g.,$20,000 p er m .red.at 103
T a llu la h F a l l s - 1st m ort., $600,000, gold I B ____
Tennessee C e n tra l R R . —T. C. R y . 1st M .. M S t ,..c *
21
250
87
....
....
....
Nash. & «n o x . ls t m o r r . fo r $2,000,000.M e . . c*
T. 0. R R ., M $15,000,000, g., red. 105 af. J u ly,’07.
T erm H R a ilr o a d A s s o c ia tio n — 1st m ort., gold Ce. c*
1st consol, m ortgage, $12,000,000, g o ld .C e .. c"
N e w m ortgage, $50,000,000...................................
___
St. Louis B rid ge Co. 1st p ref. stock, gu aran teed.
2d p referred stock, guaranteed, en d o rsed ........
....
1st m ortgage, go ld ............................................ c*
....
Tu n nel R a ilro a d o f St. Louis, stock, guar, (e n d .). . . . .
T e r m in a l R y . (B u f f a lo )— I s t M . ,$1,000,000,g., N .c*
11
T e rre H a u te & In d ia n a n . —Con. M., n ow 1st M .,F .g ,
116
2d M., eon. g., red. a ft. J u ly 1 ,1 902, at 105. F - . c
116
T e rre H a u te < L o g a n s p o rt R R . — l e t m o rtg a g e ........
&
93
O bligations c o n v ertib le in to m o rtg a g e bonds___
159
T e rre H a u te & P e o r ia .— F irs t m ortgage, g o ld .U n ..
138
1st con. M., $2,500,000, g., gu. p .& i. (end.). U n .c *
138
Texas O e n tra l— Com m on stock...................................
....
P re fe rre d stock, non-cum.......................................
....
1st M ., $2,000,000 g „ red. 110 ($105,000 4s) F o *
204
Texas M id la n d R R .-M .o v X . ($750,000 is 2d m ort.)52
Tex. < IN . 0. o/ ’74—L ’ d g r. s.f.n otdrn ., ls t M .A .c * & r
105
Sabine D ivisio n 1st m ortgage, g o ld .......... „..c*<fcr
104
Consol, m o rtgage fo r $4,195,000. G .............. c*<fcr
209
D allas D iv. 1st M .,g . ,$20,000p erm . ( t e x t )U n ..c *
Texas < P a c ific —Stock, $50,000,000......................... 1,598
&
1st M. (E astern D iv .), gold, s. f. red. at 100___ c*
519
1st consol, m ort. fo r $25,000,000, g o l d . F P . ...c x 1,387
2d cons. inc. M. ($25,000,000),g. (see re m .).M e .c* 1,387
Louis. D iv. Br. Lines, 1st M., g. $12,500 per m. M e
239
* $500,000 a d d itio n a l 5s and $45,000 4s in tro asurv
1900 $1,000
1,000
1901
1,000
1898
1,000
1888
1902
1,000
1889
1894
1,000
190 J
100
100
....
1879 500 <fcc.
......
....
1896
1,000
1,000
1885
1892
1,000
1879
1,000
1898
i,o b o
1887
1892
1,000
....
......
......
....
1893
1,000
1893
1,000
1,000
1875
1882
1,000
1,000
1893
1,000
1900
100
1,000
1875
1,000
1888
1,000
1888
1,000
1901
June 3 0. 1902. ..
w estern, Missouri Pacific, W abash and Pen n sylva n ia , the la s t nam ed
h a v in g acquired its in terest in Feb., 1902. V. 74, p. 934. These com
panies h ave agreed under con tract to use the p ro p e rty fo re v e r and to
p a y as to lls in terest, taxes, ren tals and oth er charges, and each lin e
w ill contribu te its p rop o rtio n to the e x te n t o f one-seventh o f $1,000,000
to m ake up *n y deficien cy fro m u nforeseen circumstances. Controls
S t.L . M erchants B rid ge Term . R R .—see th a t com pan y.— (V. 57, p. 1084.)
L eases .—Th e leases o f the B rid g e and the Tu nnel are fo r th eir
corporate existence, and w ere m ade J u ly 1,1881, to the M issouri Pacific
and the W abash, b v w hich com panies th e y w e re assigned to the present
association. Th e lease guaranteed 6 p er cen t on the B rid ge Co’ s $2,
490,000 first p ref. stock, 3 p. c. on its $3,000,000 second p ref. and
p. c. on the Tunnel Co’s. $1,250,000 com m on stock.
St o c k .—Ca p ita l stock, au th orized amount, $12,000,000, to b e in
creased to $50,000,000 in D ec., 1902; outstanding Deo. 31, 1901,
$1,441,200.
B onds, E tc .—Th e m o rtg a g e o f 1889 (trustee, C entral T ru st Com pany,
w a s described in advertisem en t in Chronicle o f F e b ru a ry 13,1892.
T h e stockholders w illv o t e on Dec. 10, 190?, on in crea sin g the bonded
debt from $12,000,000 to $50,000,000; o f the n e w b o i ds sufficient
w ill be reserved to re tir e a t m a tu rity the ex is tin g bonds and balance
fo r recen t acquisitions (see above) and fu tu re requ irem en ts. Y . 75,
p. 850.
G uarantees the $3,500,000 St. L. M erchants’ B rid ge T erm in a l 1st 5s,
and the in te re s t on the $2,000,000 1st 6s o f M erch an ts’ B rid ge proper.
(See those Co’s.) On Dec. 31,1899, th ere w as due from St. L. Ss M e r
chants’ Br. Term in a l Co. $1,008,489 fo r advances under gu aranty.
B ills p ayable D ec. 31,1901, $689,463; re a l estate bonds. $90,000.
A nnu al R eport .—Y e a r ends Dec. 31. R ep o rt in V. 74, p. 934, showed:
Y e a r—
G ross
Net
O ther in c . C h a rge s .
B a la n ce .
$1,489,813 $350,143 $1,402,642
$437,314
1901___ $2.3*5,309
1900..2,127,090
1.329,322
348,219
1,431.728
sr.245,8i3
Presiden t, Julius S. W alsh (M arch, 1901); S ecretary, Jam es Hanna;
Treas., A . H . C a le f .- (V . 74, p. 152, 479, 9 3 4 ; V. 75, p. 78, 136, 850.)
T e r m i n a l R y , o f B u f f a l o . —B lasd ell, N. Y ., to D ep ew , E rie
Co., N . Y ., 11 m iles. O pened Sept. 15, 1898. V. 67, p. 530. Stock is
$1,000,000; par, $100. L a k e Shore& M ichigan Southern and N. Y . C.
& H. R. RR. each o w n 5,000 shares o f the stock. Y e a r to June 30,
1902, gross, $69,235; net, $48,309; in te rest and ta xes, $47,416;
balance, surplus, $893. S ecretary, E. Y . W . R o ssiter, N e w Y o rk
C ity.— (V. 64, p. 1138; Y . 67, p. 530.)
T e r r e H a u t e Sc I n d i a n a p o l i s R R . — (S e e M a p P a . R R . ) — Owns
In dian apolis to Illia o is State line, 80 m iles, w ith coal branches, 43
m ile s ; tota l, 123 miles. Leases St. Louis V an d alia & Terre H aute, 158
m iles; Terre H a u te & P e o ria (less tra ck a g e righ ts on 28 m iles and h a lf
ow n ership in 8 m .), 174 m.; tota l, 455 m. P a . Co. ow ns a block o f the
$1,988,150 stock.
R eceivership .—On N o v . 13,1896, Y o ln e y T. M a lo tt, o f In d ia n a p o
lis, Ind., w as appointed re ceiver. See statem en t in V . 63, p. 1011.
Decision in Oct., 1900. V . 71, p. 810.
D iv id e n d s : 1878 to 1884, 8; 1885 to F eb., 1894, 6 p. c.; none since.
G u a r a n t ie s —In te re s t on T. H . & P e o ria bonds w e n t to defau lt, but
in te rest on T e r re H . & In dian ap . consol. 5s o f 1885 and 1892 has been
paid when due. V . 67, p. 30; V. 70, p. 992, 1049.
A nnual R epo rt .—F isca l y e a r ends Oct. 31. R e p o rt fo r 1898-9 w as
in V. 70. p. 992. In 1900-1, on 123 m iles ow n ed, gross, $1,588,216; net, $627,047; oth. incom e, $144,920; in terest, $125,000; loss in
op era tin g leased lines, $32,971; balance, surplus fo r year, $614,030.
— (V . 72, p. 138; Y . 75, p. 734.)
T e r r e H a u t e & L o g a n s p o r t R y . —Owns from South Bend, Ind.,
to R o ck ville, Ind., 159 m iles; trackage, R o c k v ille to T e rre H au te, 23
m iles; steel, 60 and 701b. Successor on Dec. 1, 1898, to the T. H . &
L . R a ilr o a d , sold N o v. 18, 1898, to J. T . Brooks, o f P en n sylva n ia
Co., under foreclosu re o f exten sion m o rtg a g e o f 1893. C apital
stock, $2,0 i ,0< 0. R e p o rt fo r calen dar y e a r 1900 w as g iv en in
V. 7 2 .p.985. In 1901, gross, $897,660; net, $192,074; int. and rental,
$89,679; betterm ents, $45,511; bal., sur., $56,884.— (V. 72, p. 9 8 5 .)
T e r r © H a u t e & P e o r i a R R , - ( S e e M a p o f P e n n s y lv a n ia R R . ) —
R oad operated from T e rre Haute, Ind., v ia Decatur, to P eo ria , 111., 174
m iles, o f which 138 m iles are ow n ed and h a lf in terest ow n ed in 8
m iles and 28 m iles is b y trackage o v e r other roads. From Oct. 1,1892.
leased fo r 99 years to the Terre” H a u te < Indian apolis at ren tal o f 30
fc
per cen t o f gross earnings, w ith a m inim um sufficient to p a y in terest
on debt. 8ee V. 55. p. 766. Lessee ow ns $544,200 o f the $1,837,400
p referred and $1,338,000 o f the $1,926,800 common.
Com m ittee . — In te re s t due Sept. 1, 1896, w as paid M a y 1,
1901, by ord er o f court; la te r coupons unpaid V. 72, p 937. Bond
h olders’ C om m ittee—Chairman, M ark T. Cox, Jam es A . B lair, Jam es
W . P au l Jr.
D epositaries, N. Y . S ecu rity & Tru st Co. N. Y ., and
D re x e l & Co., Pliila. A m a jo rity o f bonds has been deposited.
Th e consol. [ I nion Tru st Co., N. Y ., tru stee], ca rry the gu aran ty o f
th e T . H
Indian.'polls.
In M ay, 1900, the U. S. Circuit Court o f
A p p ea ls affirm ed the v a lid ity o f the gu aran ty.—V. 70, p. 992, 1049;
V . 72, p. 481,873. Fiscal yea r ends Oct. 31. In 1900-01, gross, $560,621; net, $^-8,793; rental from lessee, $168,186; bal., loss to lessee,
$69,393.— (V. 70, p 9 9 3 , 1050; V. 72, p. 481, 873.937.)
T e x a s C e n t r a l R R . — R oad— Runs from Ross, in M cLennan Co.,
to A lb a n y and S tam ford, T ex ., etc., 227 m iles, and extension A lb a n y
to Stam ford, 40 m iles, was com pleted Feb., 1900. P ro jec te d fu rth er
to Las Vegas, N. M. Successor in 1893 o f the ra ilw a y foreclosed.
$200,000
282,000
1,550,000
1,756,000
See tex t.
7,000,000
4,600,000
See te x t.
2,490,000
3,000,000
5,000,000
1,250,000
1,000,000
1,900,000
600,000
500,000
1,281,500
33,000
2,197,000
2,649,400
1,324,500
*605,000
900,000
915,000
2,575,000
1,620,000
2,455.000
38,760,000
3,000,000
21,986,000
24,980,194
2,661,000
to ta l o f $1,
g. M. & N.
g. J. & J.
g. J. & J
M. < N.
fe
g. J. & J.
^ g . A. & O.
fc
5 g. F. < A.
St. L., M iss.Yal. Tr. Co.
N .Y ., M erca n tile Tr. Co.
I n t ’st from Ju ly 1,1902
N. Y ., J. P. M organ & Co.
do
do
6
3
7
6
4
5
5
6
N. Y ., J. P. M organ & Co.
do
do
N e w Y o r k and London.
N. Y . , J. P. M organ < Co.
fc
N. Y ., Grand Cent. Sta’n
N. Y ., Farm . L. & Tr. Co.
do
do
N. Y . ,Farm ers ’L. &T.Co.
Ju ly, 1902, 3%
July, ’ 02, 1 % %
A p r. 1, 1929
Ju ly, 1902, 3%
A p r 1, 1940
Ju ly 1, 1925
July 1, 1925
Jan. 1, 1910
In default.
Sep.,’96, coup, la st paid
N .Y .,F a rm .L ’n A T r.C o .
do
do
do
do
N on e in 1897-98
N .Y ., 8. Pac., 1 2 0 B ’ w a y
do
do
N. Y ., C entral Tru st Co.
N e w Y o rk .
Mar. 1, 1937
Sept. 1, 1942
Jan.15,’02, 2 ^
J u ly 15,’ 02,2 i*
A p r. 1, 1923
1993
Aug. 1, 1905
Sept. 1, 1912
Ju ly 1, 1943
A u g. 1, 1930
6
5
5
6
5
g.
g.
g.
g.
t g.*
5 g
5 g.
See tex t.
5 in 1902
4g. & 5g.
5
7
6 g.
5 g.
4 g.
J. &
J. &
A. <
fc
J. &
A. &
J. &
J. &
J. &
J. &
M. &
M. &
....
J. &
A. &
J. &
F. &
M. &
J. &
F. &
J.
J.
0.
J.
0.
J.
J.
J.
D.
8.
S.
J.
O.
J.
A.
8.
J.
A.
T it. Guar. & Tr.C o.,Port.
6 g. M. & S. N. Y ., Merc. Tru st Co.
5 g- J. & D. N. Y ., Mer. Trust Co.
5 g. Mch. 1. 5 p. c. pd. Mch. 1, 1902
5 s. J. & J. N. Y ., M er. T ru st Co.
300,000 issued.
M ay
J u ly
Jan.
M ay
Ju ly
Oct.
A u g.
Meh.
June
Deo.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1905
1921
1948
1918
1952
1939
1944
1905
2000
2000
1931
D iv id e n d s .—On p r e fe ir e d : In 1896, 3 p. c.; 1897, 3; 1898, 3; 1899, 4;
1900,4; 1901, 7 ^ ; 1902, 5 p. c. On com m on, 2*2 p. c., J u ly l5 , 1901;
in 1902, Jan., 2 ^ p. o.
L a t e s t E a rn s .—2 mos., J 1902....... Gross, $63,436; op. def., $941
J u ly 1 to A u g. 31.
\ 1901...... Gross, 85,752; net,
16,089
R ep o rt fo r y e a r ending June 30,1902, w as in Y . 75, p. 609, show ing:
Gross, $593,668; net, $158,743; oth er incom e, $1,776; interest, $26,330; dividends, $132,457; balance, surplus fo r year, $1,731. In
1900-01 gross, $707,591; net, $265,786.—(V . 75, p. 499, 6 0 9 .)
T e x a s m i d l a n d R R . —R oad fro m E n nis on H ouston & T e x a s
C en tral R y. to Paris, T ex a s, 125 m iles (o f w hich 52 m iles G re e n v ille
to P a ris com p leted in Oct., 1896.) O f the 125 m iles, 14 are tra ck a g e
o v e r St. Lou is Southw estern. F o rm erly p a rt o f T e x a s C entral
R y.; in 1893 purchased b y Mrs. H e tty Green.
Stock .—$500,000; par, $100. T o ta l cu rren t lia b ilitie s J u ly 1,1900,
$2,108,640, in clu ding $176,866 unpaid coupons.
F o r yea r 1900-01, gross, $631,912 ; net, $151,413; charges, $60,012;
sur., $90,801. Pres., E. H . R. G re e n ,T e rre ll, T e x .— (V . 63, p. 839.)
T e x a s Sc N e w O r l e a n s R R . — (£ee M a p So. P a c .) —Houston, T e x .,
to O range (Sabine R iv e r), 112 m ile s ; and Sabine Pass to N ew H om er,
128 m iles; H ouston to Clinton, 8 m iles; D a lla s to F ra n k fort, 102 m.;
R ocklan d n orth w ardly, 25 m.; tota l June 30, 1901, 374 miles.
In M ay, 1899, purchase and consolidation o f the Sabine < E a st
fe
Texas, the Lou isian a W estern E xten sion and the T ex a s Trun k R R . (the
la tte r D allas to Cedar, T e x ., 52 m iles), w as authorized, p rovid ed a con
n ecting lin k be b u ilt to fo rm a continuous lin e from D allas, Tex., to
Sabine Pass. V , 68, p. 1026. In Mar.. 1902, th e T ex a s RR. Commis
sion approved ttie issue o f $985,000 bonds on the D a lla s D ivision ,
m akin g a to ta l o f $2,455,000. Y . 71, p. 438; V . 74, p. 682.
Securities E tc .—Th e stock is $5,000,000, all o f it bein g ow n ed b y
the Southern Pacific, F irs t s are purchased b y the sinking fu nd at
n ot o v e r 110. T h ere w e re also June 30, 1901, $349, 81 T ex a s school
fund 6s, int. M .A N ., p rin cip a l p a ya b le 2 p. o. p t r annum. Land s u n
sold J<me 30. 1901, 511,170 acres.
Th e first m orga ge o f 1900 secures bonds at $20,000 per m ile on the
lin e o f ra ilroa d re cen tly purchased and under construction fro m Hookland to D allas, T ex ., about 218 m iles, and extensions and branches
h erea fter acquired o r constructed up to 40 m iles. V. 70, p .9 9 7 ; V.
71, p. 183. D ue So. Pac. June 30. 1901, $3,724,778.
E arnings .—10 mos., > 1901-2 ... Gross, $ 2 , 4 ^ * 8 , 5 3 net, $454,447
J u ly 1 to A p r. 30.
<1900-1 ..G ross, 2,321,370; net, 820,653
In y e a r ending June 30, 1901, gross, $2,709,185; net, including
other incom e, $151,581: surplus o v e r charges and ta xes, $218,018.
In 1899-0, gross, $1,801,303; net, $583,305.— (V . 74, p. 681- T e x a s Sc P a c i f i c R y . - ( S e e M a p M o. P a c .)—N e w O rleans, La.,
w est to E l Paso, Tex., 1,154 miles; M arshall via Texarkan a June, ana
W hitesboro to F o rt W orth, 316 m.; branches, 240 miles; to ta l, 1,710,
o f which 92 miles, Sierra Blanco to E l Paso, is trackage, le a v in g 1.618
m. ow ned. In Sept., 1902, branch under construction fr o u B a to n
R ou ge, La., to Concordia, 109 in., a t a con n ection wirh th e N ew Or
leans & N o rtfiw f stern, is to be com pleted in Jan., 19 3 ( c 0 m iles op
erated Sept. 1902); also branch from Natchitoohes to S hreveport, 70
m „ o f w hich 29 m. com pleted in Sept., 1902 V. 74, p. 626, 253. In
Oct., 1902. th e W ea th erford M in era l W ells & N o rth w estern R y.,
W eath erford to M in eral W ells, T ex ., 23 m., w a s acquired.
Or g a n iza tio n .—In 1888 reorgan ized by the plan in V. 43, p. 164, and
V. 45, p. 401, w ith ou t h avin g the foreclosu re sale confirm ed, thus pre
servin g the o rigin a l Federal charter. Land assets Jan. 1, 1902, w ere
66,573 acres, land notes $39,152 and $8,075 cash.
stock .—Mo. P a cific Deo. 31, 1901, ow ned $6,525,000 stock.
B onds .— (See 188° m o rtg ag e abstracts, V. 47, p. 82.)
T h e Louisian a Branch Lines m o rtg ag e w ill c o v e r all branches con
structed or acquired in L ou isian a at $12,500 p er m ile, but n ot to ex
ceed in the a gg reg a te $7,000,000. V. 72, p. 577, 1189
In terest scrip, incom e and land gra n t bonds (a stock lia b ility , rettrable under reorgan ization a greem en t),;$142,022; oth er scrip,‘$8,820;
$438,000 Eastern D ivision 1st 6s w ere ca lled fo r redem ption on Mar.
1,1899, $105,000 on M a r .l, 1900, $118,000on Mar. 1,1901 $123,000
on M ar. 1, 1902, and $126,000 on Mar. 1, 1903. E qu ipm ent notes,
$290,787, payable m onthly Jan., 1902 to 1905. V. 72, p. 88.
F inances .—On second 5s there is no rig h t to foreclose unless default
is m ade on first m o rtg a g e Th e com pany has been spending its earn
ings in needed im provem ents; in March, 1900, made its first paym ent
on incom es, viz., 1L> p. c.; in Mar., 1901.4 p . c., and in M ar., 1902| 5 p.c.
In Deo., 1900, all ex cep t $905,588 o f the T ex a s < Pacific seconds
te
had been exch an ged fo r 65 per cen t in n ew St. Lou is Iro n Mountain
< Southern go ld 4s. See IroD M ountain statem ent fo llo w in g Mis
fe
souri Pacifio. V. 68, p. 525, 619, 725, 774; V. 70. p. 533.
E a r n in g s .—Jan. 1 to Sept. 30, 9 months, gross. $7,645,186 in 1902,
$8,057,675 in 1901.
F o r 2 months ending Feb. 28, 1902, n et earn
ings, $540,186; charges, $444,018; balance, surplus, $90,168.
A nnual R e p o r t — R eport for 1901 was in V. 74, p. 626.
Y ea r e n d in g D ec. 31—
1901.
1900.
1899.
M iles o p e r a t e d ......................
1 684
1.527
1,507
Gross earn in gs....................... $11,769,942
$9,751,122
$8,300,180
N et earn in gs........................... $3,7 <5,491
$3.169 490
$2,451,320
O ther in com e.........................
363.135
189,178
130,575
T o ta l net incom e.
$4,098,626
$3,358,668
$2,581,895
STOCKS AND BONDS
KAXLKOAD
O ctober , 1902.]
Roads—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal, When D ae.
Am ount
of
R ate per When Where Payable, and by Slocks—Last
Par
of
F o r explanation o f column headings, &o., see notes
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
on first page o f tables.
Dividend.
R A IL R O A D S .
Texas S h ort L in e — 1st m ortgage, g o l d . F s m .........
T ifto n Thomas. <■ O u lf—ls t M .,g .,$1,000,000.O B o*
£
T iog a R R .— 1st M., due 1882 and extended, g o ld ...
98j
5513
46
46
Extension bonds....................................................
7
Elm ira State L in e Railroad 1st m ortgage, g u a r..
196
Toledo < Ohio C entral — ls t M .,g . (V. 53, p. 4 3 6 ).Ce
6
Western D iv. 1st mort. fo r $2,500,000, gold.N .o* T ex t.
General M. (V. 62, p. 594) ($2,000,000), g. Ce..o* 335
61
St. M ary’ s D iv. 1st M., g., $500.000.M o ......... c*
61
do
1st pref. inc., $'00,000, non eum .4% .Sr
___
Car trusts, June 30,1902 (principal due m ’nthly)
G uaranteed Bonds.
K .& H .C & C .M .g.$3,500,0 00s.f.red .ll0af.’ l l M o
Cont. Coal, 1st M., g , s. f., red. 110 af. ’ 12. S
Kanaw ha & M ichigan R y.—See that company.
Tol. <feO. C. E xt., 1st M, (foreclosed), int. only gu.
Toledo P e o ria < W est— lst'M ., (for $5,000,000), g.c*
£
Dehen. scrip (secured b y 1st M. coups, in tru st).
Toledo R y. < T e rm in a l 1st mort., $3,500,000, gola
£
Toledo St. L o u is < Western—G oto . stocK, $10,000,000
£
Preferred stock, 4 p. c., non-eum., $10,000,000..
P rio r lien mort., $10,000,000, g o ld ........... F .c & r
1st M., g.. $6,500,000, red. aft. J u ly,1925,C o l.c & r
Toledo Saginaw £ M uskegon —1st m ortgage............
Toledo W a lh on d in g T a lle y < Ohio — Stock...............
6.
Gen. M. ($20,000 p. m .),) A , guar. p. & i . F ...... o*
$4,000,000, g o ld ........$ B,
do
............. o”
T o r. S a m . <• B u ff.— 1st M,, g., $40,000p. m. A B .o *
£
T ra n s y lv a n ia — 1st M., g., $160,000, gu. p.& i.end.o
T ra v . C ity Leel. < M an. —1st M., $300,000, g . . . c&r
£
Traverse C ity R R .—F irst m ortgage, go ld .................
T ro y < Greenbush —Stock, 7 per cent rental, N.Y.C.
&
Tuscaioosa B e lt— 1st m ortgage, $100,000, g o ld .K o
... .
$1,000
1899
1,000
1852 500 &o.
1875
1,000
1875 •500 <fec.
1,000
1885
1892
1,000
1894
1,000
1901
1,000
1901
1,000
$150,000
5 g.
555,000
5 g.
5 g.
239,500
265,000
7
7
160,000
3,000,000
5 g.
2,500,000
5 g.
2,000,000
5 g.
425,000
4 g.
500,000 Oot. 1, if
5
1,196,903
1901
1,000
1,000
2,750,000
2,750,000
1,000
1,000
300,000
4,895,000
220,275
See text.
9,995,000
10,000,000
9,000,000
6,500,000
1,662,000
2.500.000
1.500.000
978,000
3,280,000
160,000
300,000
250,000
275,000
100.000
m m 1902
mm
230
....
....
....
451
451
96
125
125
....
88
32
30
26
6
6is
1888
1887
....
1902
....
....
1900
1900
1888
1891
1893
1896
1899
1902
1883
... .
1893
......
1,000
100
100
1.000&C
l.OOi &0
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
50
1.000
1901.
1900.
1899.
In terest on first m o rtg a g e ... $1,393,814
$1,2*9,756
$1,283,865
In terest on 2d in com es_(5%)1,161,900 (4%)929,520 (Ha%:375,000
Betterm ents, equipment, etc.
926,35t>
635,042
505 265
T a x es..........................
291,484
276,328
249,344
Miscellaneous...................
.................
20,265
96,437
Balance, surplus.............
$325,071
$207,757
—(V .74 , p. 42, 381, 626, 1039,1253; Y . 75, p. 667, 734.)
$71,982
T e x a s S a b in e V a l l e y & N o r t h w e s t e r n R y . - Y . 73, p. 139.
T e x a s S h o r t T i n e R R , - Grand Saline, T ex ., to H oyt, 9 ^ miles';
extensions are proposed, these bein g as reported one southeast v ia
Canton and MaybanK to Corsicana, 65 miles, and northeast via Quitnaan to Pittsburg, about 45 miles. Stock, $10,000. In Mar., 1902, Texas
B E . Commission authorized $185,785 bonds. Pres., F red ’k R. Blount,
26 Broadw ay, N . Y.; Asst. Treas., John M ulholland, 38 P a rk Row.
T e x a s S o u th e rn R y . —Marshall, Tex., to W innsboro, 72 miles.
Extensions are reported to be proposed south to Beaumont and Sabine
Pass, about 200 miles, and north from W innsboro, via Paris, to the
B ed R ive r, about 65 miles. Stock,
(1)
In Aug., 1902, appli
cation was made to Issue $750,000 bonds. President, L. E. W alker,
Kansas City, Mo.— (V. 75, p. 443.)
T i f t o n T h o m a s v l l l e Sc G u l f R y . —T ifto n , Ga., to Thom asville.
55*2 miles. Stock authorized, $1,000,000; issued, $555,000; par of
thares, $100. Bonds are lim ited to $10,000 per mile.
E a r n in g s —11 m o s.,) 1901-2...............Gross, $133,383; net, $50,798
Ju ly 1 to M ay 31.
$1900-1............... Gross,
95,228: net, 31,051
Surp. over 11 mos. ch’ges, $9,219 in 1901-2, agst. def. $1,482 in 1901
President, H M. Atkinson, A tlan ta, Ga.; Vice-President, J. W. H igh
tow er, Thom asville, Ga.; Sec. and Treas., W . M. Otis, M oultrie, Ga.
T i o g a R R . —8ee Su p f . o f July, 1894. Stock, common, $391,200,
and $189,700 preferred; par $50.
T o l e d o Sc O h io C e n t r a l R y . — (S e e M a p )-—This road includes:
L in e s owned.
M iles.
T ra ck a g e (3 7 m ile s .)
M iles.
Toledo to Brem en......................173 In Toledo (L. 8. & M. S .).........
1
A lu m Creek to Truro Juno___
4 Bremen to N e w L e x in g to n ___ 11
N e w Lexin gton to Corning___ 13 T o Chauncey & to Carrington 28
W hitm ore to T h u rston ........... 145
Peo, to 8t.M a ry’s,Y.73, p. 660. 61
T o ta l operated.................... 436
K a n aw h a & M ioh . (w h ich see)..164
T o ta l o w n ed ........................ 396
In June, 1901, the H ockin g V a lle y Ry. had acquired a ll except
$54,100 o f the *6,500,000 common and $11,600 p referred stock of
the $3,708,000 in exchange fo r 70 per cent o f Hocking V a lle y stock
o f the same class. V. 69, p. 1347; V. 71, p. 810. See also H ockin g
V a lle y item, V. 69, p. 1345; V . 71, p. 865. Operated separately.
D ividends .—On com m on; In 1891, 2 p. o.; 1892, 4; 1893, 2. On
pref. A p ril, 1890, to July, 1896, Inclusive, 5 p. o. yearly.
B onds .— W estern D iv is io n m ortgage covers the road from Toledo
to Truro Junction, 139 miles, and also (subject to the first m ort
gage o f 1885) the rest of the property. See V . 55, p. 322. 545, 590, 625.
The Toledo & Ohio Central guarantees the principal and interest o f
the Kanawha < Michigan first m ortgage bonds (see that company) and
fe
Jointly w ith H ocking V alley Ry. the K. & Hock Coal & Coke bonds
(see v. 74, p. 271) and Continental Coal Co bonds (V. 75, p. 499); also
guar. lnt. only on $300,000 T. & O. Can. E x t. 5s (foreclosed). Special
equipm ent and betterm ent loan June 30, 1902, $572,304.
The St. M a ry 's D iv is io n bonds cover the lin e from Peoria, O. to 8t.
M a ry’s, 61 miles, acquired In March, 1901. V. 72, p. 284, 628.
J. & J.
F. & A.
M. & N.
A . & O.
A. & O.
J. & J.
A. & O.
J. & D.
F. & A.
earned.
M ’nth ly
N .Y.,U .S .M ort.& Tr.Co.
Boston, Old Col. Tr. Co.
Phil. .Newbold’s Son&Co
Elmira,ChemungCo.Bk.
do
do
N. Y ., Central Trust Co.
do
do
do
do
do
do
do
do
5 g. J. & J.
5 g. F. & A.
1921
1929
1915
1905
1905
1935
1935
1935
1951
1951
1, ’ 08
Ju ly 1, 1951
Feb. 1, 1952
5 g. M. & N.
4 g. J. & J. N. Y ., Am . Ex. Nat. Bk.
5
Jan.
N. Y ., Farm . L. & T. Co.
4 1 g. F. & A . Commonw. Tr.Co., St.L.
2
To be in
To be in
Jan. 1,
Aug. 1,
N ov. 1,
Oot. 1,
Oot. 1,
Ju ly 1,
Oct. 1,
June 1,
Feb. 1,
Feb. 1,
T o A u g.
v o tin g tr u s t f o r fiv e years.
v o tin g tr u st fo r fiv e years.
Nov.
Ju ly
Jan.
Feb.
1,
1,
1,
1,
1938
1917
1905
1942
3is g. J. & J. N .Y ., Cent. Tru st Co. Ju ly 1, 1925
do
do
A pr. I , 1950
4 g. A. & 0.
5
J. & J. N. Y ., Office, 271 B ’way. July 1. 1918
Dec. 30,’01,4%
4is g. J. & J. N. Y . , Farm ers’ L ’n & Tr. Ju ly 1, 1931
do
do
4is g. J. & J.
Ju ly 1, 1933
4 g. J. & D. N. Y ., Bost. & London. Ju ly 1, 1946
5-4 g. M. & N. Merc. Trust Co., Pittsb. M ay 1, 1919
5 g. A . & O. Union Tr. Co., Detroit. A p r. 1, 1952
3 g. J. & J. N .Y.,W inslow ,Lan.& C o Jan. 1, 1933
7
J.&D. i j
T roy, N. Y .
J u n e l5 ’ 02,31
«
5 g. J. & D. N. Y .. Knlekerb. Trust.
1933
E a r n in g s . - 3 m os.,\ 1902......... ..........Gross, $293,204; net, $69,808
Ju ly 1 to Sept. 30. $1901........ ..........Gross, 300,053; net, 89,647
Surp. o ver 3 mos. charges, $2,195 in 1902, against $20,495 in 1901.
A n n u a l R eport .—R ep ort fo r 1900-01 in V. 74, p. 91:
Tea r.
Cross E a rn 'g s .
N e t Revenue.
1901-02............ $1,152,034
$274,078
1900-01...... ... 1,157,079
278,443
- ( V . 72, p. 1189; V. 74, p. 91; V . 75, p. 612.)
I n i . & Taxes.
$271,823
277,180
B a la n ce .
$2,255
1,263
T o l e d o R y , & T e r m i n a l C o .—Constructing a double-track b elt
road, about 30 m iles in length, around the c ity and suburbs (including
tw o bridges across the Maumee R ive r), to connect w ith 21 roads enter
in g the city. V. 73, p. 617. in Aug., 1902, the Toledo A n gola & W est
ern Ry. was incorporated with $300,000 stock, to build from T d e d o to
the Indiana State line. V. 75, p. 291. Stock authorized, $5,000,000;
outstanding, $2,500,000. In Feb., 1902, made a m ortgage to the Com
m onwealth Trust Co. o f St. Louis to secure $3,500,000 o f 40-} ear 4 ^
p. c. bonds. V. 74, p. 1 1 4 0 .-(V . 74, p. 428, 479, 1140; V. 75, p. 291.)
T o l e d o St. L o u i s & K . C .—See Toledo St. Louis & W estern below.
T o l e d o S a g i n a w & M u s k e g o n R y . —From Muskegon, Mich., to
Ashley, Mich., 96 miles. The Grand Trunk o f Canada owns tue $1,600,000 stock; bonds h ave a traffic guaranty. V. 71, p. 85; V. 72, p. 338.
Fear Dec. 31. Cross.
N et.
In te re s t.
D e fic it.
T ra f. g u a r.
1901........... $145,855
$30,863
$83,100
$52,237
$13,342
1900......... . 129,204
61,758
83,100
21,342
55 741
- ( V . 71, p. 31, 85.)
T o l e d o St. B o n i s Sc W e s t e r n R y . —R o a d — Owns from Toledo
to East St. Louis, 451 miles (6 1 ^ and 70 lbs. steel); sidings, etc., 72
miles; also has trackage to St. Louis and Toledo Union depots.
Organization .—Incorporated in July, 1900, as suooessor of the
Toledo St. Louis & Kansas C ity R R. (foreclosed—see th a t com pany
above), p er plan V. 70, p. 1196. Took possession in August, 1900.
V oting Trust .—Both classes o f n ew stock w ill he vested fo r five
years in the fo llo w in g vo tin g tru stees: F rederic P. O lcott, Thomas H .
Hubbard and W illiam A . Read, who m ay sell the stock at a n y tim e,
subject to the a pproval.of a m ajority o f each olass.
B o n d s .—Of the prior lieu 3^8 $1,000,000 Is reserved to be issued
a fter January1, 1902, at n ot o ver $250,000 per annum. A ddition al
first m ortgage bonds, n ot to exceed $10,000,000, m ay be issued at any
tim e to retire the prior lieu bonds.
E arnings .—Y e a r en din g June 30, 1902, gross, $2,547,913. F o r 6
months ending June 30,1902, net, $319,830, against $349, 352 in 1901.
R e p o r t .—R eport fo r ye a r ended June 30, 1901, was in V. 73, p. 896.
F is c a l
T ea r,
Cross
e a rn in g s ,
Net
e a rn in g s
Other
in com e,
B ond
in terest.
Taxes,
B a la n ce ,
s u rp lu s .
1900-01..$2,490,566 $690,614 $6,341 $510,000 $104,400 $82,555
1899-00.. 1,940,379
379,297 ..........
........
........
.......
Of f ic e r s . - C hairman o f the Board, Wm. A. Read; President, Ben.
jam in Norton; Seo. and Treas., Joseph H. Seaman.
D ir e c t o r s . - F . P. Olcott, H en ry Budge, J. Kennedy Tod, Wm. A .
Read, John J. Em ery, C. H. Tweed. O. S. W. Packard, J. Crosby Brown,
Benjamin Norton, A lfre d Pick and Thomas H. Hubbard.
O ffice,44 P in eS t., N . Y . - ( V . 72, p. 243, 340; V .7 3 ,p . 844, 89 6 ,1 0 6 2 .)
T o l e d o W a l h o n d i n g V a l l e y Sc O h io R R . —Owns road in
operation from Toledo Junotion to Toledo, O., 80 miles, and from
Loudonville to Coshocton, O., 45 m.; tota l owned, 125 miles; trackage
(Pitts. Ft. W . & O.) Toledo Jot. to Mansfield, 0 , 7 m . ; total, 132 miles.
L e a s e , E t c .—L eased for net earns, to the Penn. Co., whioh g u aran
tees the bonds and owns a ll the capital stock.
E a r n in g s .—F or year ending Deo. 31, 1901, .gross, $1,139,960.'; net,
Oroes.
N et.
F ixe d
H al., in c l.
$284,741; other income, $247; interest, eto., $178,730.
EARNINGS.—2 mos. E a rn in g s .
E a rn in g s . Charges, other incom e.
T o r o n t o H a m i l t o n Sc B u f l ’a lo R R . —H am ilton to W aterford,
Ju ly 1 to $ 1902....
$530,641
$119,569
$77,943
Bur.$42,696
Ont., 43 miles; H am ilton to W elland, 38 m.; branches, 7 m. (See V.
516,843
147,746
79,714 stir. 08,967
Aug. 31
1901......
62, p. 319.) Under traffic agreem ent with N. Y. Central, Michigan
ANNUAL R e p o r t .—Report fo r 1901-2 was In V. 75, p. 731. O f total Central, Canada Southern and Canadian Pacific, interest is prad ically
tonnage 66 p. e. In 1902 was bituminous coal.
guaranteed. See V. 68, p. 475, and advertisem ent In O u u o n io lm of
Tears end. June 30—
1902.
l 001.
1900.
1899,
March 11,1 800. O f the stock, $2,500,000, 10 p. o. Is held by Canadian
Gross earnings . . . .
$2,877,659$2,571,722 $2,368,912 $1,897,868
N et earn in gs.........
705,556
720,582
832,902
001,413 Pacific and 51 p, o by N. Y. Central, v. 01, p. 753: V. 08, p 350; V.
08, p. 475,1134; V. 00, p. 20, F o r calendar year 1001 gross $101 181Other incom e.........
17,589
7,424
13,189
24,855 net, $100,870; lnt. on bonds,$131,200; bal., surp.,$59,679. V .0 9 ,p .2 l)
T r a n s * A l a s k a n l i y . - V . 73, p. 780.
Total net Income.. $723,145
$728,006
$840,001
$620,268
Interest,taxes,etc. . 583,540
517,651
484,530
497,950
T r a n s y l v a n i a R R . —H endersonville to Eastatoe Ford, N. O., 33
miles. Bt.ook authorized, $320,000; par $1.00; all outstanding, V, 08,
Bal. fo r year.. . «nr $139,605 sr.$210,355 sr.$301,555 *ur.$l 28,312 p. 926. M ortgage trustee Ih M ercantile Trust Co,, Pittsburg. Bonds
are guaranteed, principal and interest h y T o x a w a y (land) On. o f North
Pres., N. M onearrat.- (V, 74, p. 152, 209; V. 75, p. 190,667, 7 8 1 .)
( 'ar. V. 00. p 182 Y e a r end. June 80,1001, grogs. $23,110; net, $10,T o l . Sc. O h i o C e n t. K x t s n . —He® M arietta Columbus A Clove.
731; lut., $9,371; bal,, sur.,$1,800, Pres., K. H. Alsou, Pittsburg; ViceT o led o P e o r i a A- W e s t e r n R y . — ( Hm, M ap o f P e n n s y lv a n ia Hit..) President and General Mgr., J, F. Hays, Brevard, N. (),
—Owns from K fiber. Indiana State fine, to Warsaw, III., 220 miles; I,a
T r a v e s e C it y L e o
«V
l l t . —Tinder con
Harpe to Iowa, HI,, 10 m.; Jointly with Wabash, 1 m ile; trackage to structionr from Traverse lo n n uMtob,, M u n t s llq u e 30i miles, to be com
City,
to North wort,
Peoria and Bnrllngton, Ta., 17 no.; total, 248 miles.
pleted June 1, 1003. To he an extrusion o f t lm Grand itaplds A In
O r g a n iz a t io n .—In 1894 .Joint ownership and managem ent by Pa. diana UK. At, North port connection will lie msdc by ear ferry with
RB. and 0. B. Sc Q. was arranged. Stock $4,500,000 (par $100). of Manlsllque. on the M anlstlque Marquette Sr Nor! hern Ilk ., owned by
which $423,100 in treasury In 1902. M ori, abstract, V. 45. n, 242.
the same Interests. V 74, n 777. stock authorized, $500,000; par o f
In October, 1894 (3 coupons), were paid $5 In cash and $1 5 In deben shares, 1 100, The Union Trust Co. o f D etroit Is m ortgage trust®®.
ture scrip. (HeeV.61, p.514.)
Equipment trust Juno 30,1002, $150,- President, it. It. M etlieany; Treasurer, i>. w. Kaufman; Secretary, B.
623; bills payable, $331,191
B Metlieany. (V. 74, p, 7 77.)
Lenawee Jc ’
W hite/ ^
Ashtabujla
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W
neadville
Titusville)
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New Martins
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Jttle Falls
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Shelbyville
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3Hebbards V.
Albany
Carpenter
Dexter
Rutland
Midland Cy.
QUAT
'Loveland
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M A P OF TH E
La w ren ceburg-ok
TOLEDO & OHIO CENTRAL R’Y
Coving
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Hillsboro;
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R A IL W A Y .
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Parkersburgh
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Walton
KANAWHA & MICHIGAN
Lincoln
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Cambridge^
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imax
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Buchannon
October, 1902.J
141
RAILBOAD STOCKS AND BONDS.
B o n d s—B riuoIN T E R E S T O R D IV ID E N D S .
M iles Date Size, or
pal.When D ae
Am ount
R a te per When W here payable, and by Stocks— L a st
of
of
Par
F or explanation o f column headings, &o., see notes
Cent. Payable
Whom.
Road. Bonds Value. Outstanding
Dividend.
on first page o f tables.
R A IL R O A D S .
T u s ca rora V alley— 1st m ortgage,$150,000, g o ld ...
Tnscarora RR., 1st M .(on ex t.), $310,000, g .fflp .c
Ulster < Delaw are Stock ($3,000,000 au th orized)..
£
Consol. M. fo r $2,000,000, g o ld .C e ................. . c’
Refunding m ortgage, $3,000,000..........................
U n a d iila Valley—Stock ($200,000 authorized)......
1st M., $12,500 p. m., g., red. at 110.Ce........c*&r
U n io n P a c if ic M R . — Common stock,$196,178,700
P ref. stock. 4 per cent non-cum., $100,000,000..
1st M. R y and land grant, $100,000,000 g . M e ...
Is t L conv.M ., $100,000,000, g -.jed . te x t.M e .-c A r
U n ited N. J. R R . < O anal Oo.— Stock, 10 p. 0. gu ar..
&
General m ortgage o f] loan o f 1908, go ld ......... r
’ 71 fo r $20,000,000, loan o f 1923, g o ld ......... r
(now 1st m ortgage) I loan o f 1929, gold----- c&r
F P , s e c u r e s all loan o f 1944, gold...... c&r
equally.
loan o f 1951, g. p. & i.gu.
U n ited Verde < P a c ific — 1 M., $300,000.M o . , c
£
st
Utah O en tru t—See R io G rande W estern .
U tica & B la c k R iv e r —See R ome W a ter . & Ogdens
u tica (Jhen.dSusq. Fai.—Stock,6 p.c.gu. b y D .L .& W
U tica C lin to n < B in g h a m to n —S to ck ........................
£
1st m ortgage, guar, p & i. by D. & H., end .N o ...
V a lley (N . V .)—Stock, 5 p. c. guar, b y D. L. & W ...
1st m ortgage (for $500,000). F ..............................
V alley ( V ir g in ia )— 1st m ortgage, $1,000,000........0
Verm ont < Mass.—Stock, 6 p. 0. guar, b y Fitchburg
6
Bonds, not mort. (guar, b y Fitchburg R R .).. 0* )
N ew bonds (see t e x t )..........................................\
V erm on t Valley o f 1871—Stock.............................
1st M., w ith $500,000 Sul. Co. R R. stock as col. . 0*
27
31
1897
1898
i ‘02
1888
1902
$ .......
1,000
100
1,000
100
1893 500 &c.
...
100
... .
100
1,835 1897
If
1,300 1901 l,000& c
....
....
100
1,000
1 P - i 1878
1883
1,000
A *
1,000
T S g 1889
1,000
co ^ 1894
1901
1,000
26 1896
.. . . . .
20
... .
BURG.
31
11
11
62
59
....
1881
1881
__
1883
100
100
1,000
100
1,000
1,000
100
1.000
24
24
1880
50
1,000
97
....
1889
$150,000
5 g. J. & J.
5 g. J. & J.
(1)
1,900,000
J. & D.
1,997.000
i 8 - F. < A
fe
600,000
200,000
250.000
5 g. J. & J.
108,756,200 4 in 1902 A . & O.
99,541,400 4 in 1902 A. & O.
100,000,000
4 g. J. & J.
87,263,000
4 g. M. & N.
10
21,240,400
Q .-J .
fe
841,000
6 g. M. < 8.
1,824,000
4 g. F. & A.
6,020,000
4 g. iM. & 8.
5,646,000
4 g. M. & 8.
3k g. M. & S.
5,669,000
6
300,000
J. & J.
In default.
N. Y . Office, 120 B ’way.
do
do
do
do
do
do
Phila. and N .Y ., Offices.
Philadelphia Office.
do
do
do
do
N .Y.,N . Bk.Com. & Phil.
do
do
N. Y ., M orton Tr. Co.
Jan. 2, 1933
Oot. 1, ’ 02, 2%
Oct. 1, ’ 02, 2%
Ju ly 1, 194/
M ay 1, 1911
Oct. 10,’02. 2*o
Sept. 1, 1908
Feb. 1, 1923
Sept. 1, 1929
Mch. 1, 1944
Mch. 1, 1951
Jan. 1, 1920
M. & N.
F & A10
J. & J.
J. & J.
F & A.
A. & O.
A. & O.
M. & N.
N. Y ., D. L . & W. RR.
U tica, N. Y ., On. N. Bk.
N .Y ., Security &Tr. Co.
N. Y . , Del. Lack. & West.
do
do
A ll owned by B. & 0.
Bost.,53 Devonshire St.
Boston, Fitchburg RR.
N ov., 1902,3%
Aug. 1 ,’ 0 2 ,2
July 1, 1939
July, ’02, 2ifl%
Aug. 1, 1911
Oct. 1. 1921
Oct., 1902, 3%
M ay 1, 1903
6
4,000,000
849,285 See tex t.
800,000
5
750,000
5
400,000
5
6
750,000
3,193,000
6
5
1,000,000
See text.
6
1,000,000
800,000
5
Ju ly 1, 1917
N. Y ., M etropol. Tr. Co. Ju ly 1, 1928
N. Y ., C entral Trust Co. June 1, 1928
1952
J. & J.
Bellow s Falls.
Ju ly 1, ’02,3%
A . & O. Boston, S. Dep. & Tr.Co. Oot. 1, 1910
IT $500 and $1,000.
T r a v e r s e C ity R R . —Owns road from W alton to T raverse City,
Micli., 26 miles; opened In 1872. Leased in 1883 to Grand R apids &
Indiana R R., but not included in the reorganization o f th a t oom pany
in 1896. Coupons 1st m ort. all paid to Jan., 1902, incl. Th ere are
$190,000 of 5 p. o. incomes outstanding. Capital stock is $205,000;
ar $100. F or year ending Dec. 31,1901, gross, $52,' 98; net, $7,253;
iterest on bonds, $7,500; bal., deficit, $247.— (V. 67, p. 75,1310.)
T r o y & G r e e n b n s li R R . —Owns from T ro y to A lbany. 6 miles
double track; leased to N .Y . Central in 1851 at 7 p.o. on $275,000 stock.
T u s c a l o o s a H e l t R y . —Owns about 6*2 miles o f B e lt road in
Tuscaloosa, A la., and suburbs. Capital stock authorized, $100,000;
issued, $26,000 ($100 shares.) General M anager, J. W. W oolfolk,
Tuscaloosa, A la., or 15 W a ll Street, N ew York.
T u i c a r o r a V a l l e y R R . —Owns narrow-gauge road (3 ft.) from
P o rt R oya l to B lair’ s Mills, Pa., 27 miles, proposed to be changed to
standard gauge during 1902. Stock. $300,000 par, $50; outstanding,
$150,000. Y e a r ending June 30, 1901, gross, $25,254; net, $12,315;
interest and taxes, $11,138; bal., sur., $1,177. Pres., T. 8. Moorhead;
Sec., D. B. M cW illia m s.- (Y . 67, p. 1162.)
T l i e U l » - e r & D e l a w a r e R R , —Owns from K in gston P o in t (Hud
son R iver), N. Y ,, to Oneonta, 109 miles, w ith branches, a tota l o f 130
miles. A consolidation Jan. 1,1902, w ith the D elaw are & Otsego R R .,
Stony Clove & Catskill Mt. R R ., H obart Branch R R . and K aaterskill
RR. V. 74, p. 42. O f refu ndin g 4s o f 1902 ($3,000,000 authorized)
$600,000 have been issued, the $500,000 second 5s o f 1899 being r e
tired. Y . 75, p. 667. Loans and bills payable June 30,1901, $166,000.
E arnings . -F o r 6 mos. ending June 30, 1902, gross, $273,131; net,
$76,055; other income., $1,733; charges, $80,805; bal., d e l, $3,017.
Ym . end. J u n e 30. Grogs.
N et.
O ther in c . In t., taxes, etc. B a l., s u r,
1900 1901 ...$607,423 $177,793
$4,868
$157,263
$25,398
1899 190 0.... 473,663
142,376
11,400
136,658
17,118
- ( V . 71, p. 136; Y . 72, p. 628; V. 74, p. 42; V. 75, p. 78, 667.)
U n a d i i l a V a l l e y R a i l w a y . —Owns road from B rid gew a ter to
New Berlin, N. Y., 20 miles; opened In July, 1895. Extension from
New Berlin to Oneonta, 3 ; m iles is proposed. Income bonds, $27,618
20-year 5s. In terest on firsts was not paid, but funded fo r 5 years,
and in A pril, 1901, foreclosure suit was broughL V. 72, p. 776.
Year 1901-2, gross, $34,131; n et income, $7,431; int. and taxes,
$13,195; balance, d eficit. $5,764. Pres., E v e re tt M. Culver; Sec.,
Clarence Goadby, 135 B ’ dway, N. Y .—(Y . 72, p. 776.)
U n io n D e p o t B r . & T e r . R R . o f K a n s a s C i t y . —V. 72, p. 989.
U n i o n P a c i f i c R a i l r o a d . — (See M a p .)—T h e system em braces :
L in e s owned d ir e c tly -M ile s.
C o n tro lte d —P r a c tic a lly Owned —
Council Bluff’s to Ogden....... 1,033 Oregon Short L in e RR., G ran
Kansas City to D en ver ....... 640
ger, Wy., to H untington,
Denver to Cheyenne............ 106
Ore., Helena, Mon., to F ris
Lasalle, Co., to Jolesbu rg
151
co, Utah, etc
.............. 111,481
Branches...............................1,028 Oregon RR. & N a viga tio n . .IT 1,136
Trackage to Sioux City, l a . ..
75
T o ta l a il lines Ju ly 1.1901.5,650
Tot. m ain lin e and br’ nehs.3,033
IT See these companies.
H is t o r y .—I ncorporated in Utah .July 1,1897, to succeed per p l a n
of Got. 15, 1895 (V. 61, p. 704,705, and V. 64, p. 424), the Union Pacific
Ily., m stated to N. Y. Stock E x. In V. 66, p. 618; see also V. 67, p. 790.
•In February, 1901, purchased $75,000,000 (which amount has since
been largely increased) stock of the Southern Pacific ' ’o., a strong work
ing control. V 72, p. 243, 284; V. 73, p. 446; V. 75. p. 136.
During the fiscal y- ar 1900-1. $41,08 .,000 preferred and $37,023,000
Northern Pacific common stock was purchased, the title being vested
in the Oregon Short Line RR., which Issued $61,000,000 4 p. c. certifi
cates of indebtedness, a i owned by the U. P. The Short Line Co. had
also outstanding June 30,1901, $23,202,247 “ balance o f indebtedness
incurred in acquiring securities of other com pan ies” and in new
const ruction. On Jan 1, 1902, the Northern Pacific preferred stock
■was paid off at. pur and the common stock wa- Increased anti exchanged
for stock of the Northern Securities Co. at rate or $115 per $100 share.
Bee Northern Securities Co , V. 73, p 1010, 1062. 1358; V. 74. p 681,
and G e n e r a r. F in a n c e s below regarding “ p a rticip a tin g” 4s o f 1902.
Stock -The preferred stock is entitled to preferential 4 per cent
non uirnulatlve dividends, as declared by the directors, and to no
other or further share of the profits.
In 189'>the stockholders authorized the Increase o f the common
stock from $01,000,000 to $90,173,700, and of the preferred stock
from $7 .000,000 to $100.00--,ooo In order to com plete the company's
control of the -m-gon HR. & N avigation and Oregon Hhort Line HR.
On Mar. 24, 1901, the common stock was further authorized to be
Increased by *100 000,0 0 to p ro vid e Tor the conversion at the option
of the holders of the 1st lien 4s o f 1901, V. 72, p. 3 9 2 . (128 . Jo Met,
1902, $12,737,000 had been exchanged.--V. 73, p. 1360.
DTvaygjra* p. o.l—
J 1898.
1890.
1900.
1901
1902.
j
On common .............. 1 ______
___
3 i8
4
4
On p referred ............... )
) Lj
;jig
4
4
4
B o n d s . -T h e first m ortgage (Mercautile TrimtOo., trustee), covers the
l, 8.>4 miles composing the form er Union Paeillo and Kansas Pacific
nr.es, Including the telegraph, terminals, equipment,, and, directly or
innirpotly, land grants
.Statement to N. Y. HtOck Exoh v 00 p Ot 8
ennvK''t\b[K '1 Per cent gold bonds o f WOl', limited to
$ 00,009,000 Is secured by practically all the collateral form erly lit
'■he treasury, Including $75,000,000 Houlhern Paeltln stock and by
S
first m ortgage on about 1,025 miles o f branches. T h ey are co n vert
ible at the option o f the holder at any tim e before M ay 1,1906, into
common stock at par, and redeem able after that date in whole or in
part b y the company at 102 •« per cent (in the la tte r case to be chosen
by lo t) T o Oct., 1902, $12,737,000 bad been exchanged. V. 73, p.
1360. See a b stra c t o f m ortgage show ing securities pledged, valu e o f
collateral, etc. V . 72, p. 1084.—V. 72, p. 392, 776.
L ands .—The first 4s 1897 co ver d irectly or through beneficial
ownership o ver 6,000,000 acres o f land, situated in Nebraska, W y o
ming, Colorado, Utah and Kansas, tlie value o f w hich was estim ated
June 30, 1901, at $4,985,455; also fu rth er notes or contracts
for lands sold aggregatin g $6,320,597, and the lands fo r which,
If not paid for, re vert to the company. Bee V. 67, p. 791. T o ta l esti
mated value o f lands and land assets June 30, 1901, $12,349,339.
During 1900-1, 876,928 acres w ere sold for about $1,754,242.
G eneral F inances .—T o p rovid e fo r the purchase of Southern P a
cific stock and other properties, stockholders in 1901 subscribed at par.
to $100,000,000 first lien convert. 4 p. c. gold bonds. V. 72, p. 392.340.
A s to im provem ents, see E H. H arrim an ’s statement, V. 74, p. 1197.
Stockholders o f record Aug. 1, 190 i , subscribed at 90 and interest
to $31,090,000 Oregon Short L in e R R . 4 per cent and p a rticip at
in g 25-year go ld bonds, secured b y a like amount o f Northern
Securities Co. stock. See description o f bonds under Oregon Short
L in e RR., and a b s t r a c t o f m ortgage, Y. 75, p. 243. Y 75, p. 136, 395.
L a t e s t E a r n i n g s —F o r 11 months ending M a y 31 on the 5,685 average
miles, against 5,715 in 1900-1, a fter deducting taxes :
------ Gross E a rn in g s . ------, ------ N e t E a rn in g s . ----- »,
Ju ly 1 to M ay 31.
1902.
W O l.
1902.
1901.
rjnionPac.Systein.$43,639,839 $39,964,132 $20,270,065 $17,326,389
A n n u a l R e p o r t .—Fiscal year ends June 30. R ep ort fo r 1900-1 in
V. 73, p. 135 3,1(60 (see also editorial, p. 1335). A vera g e train load in
eluding com pany’ s freight, 354 tons in 1900-1, against 329 in 1899-0.
1900-01
1899-00
A verage m iles ..............................
5,543
5,432
Gross earnings............ — ___ ...
$43,538,181
$39,147,697
O perating expense and ta x e s ___
24,587,145
21,427,546
N e t r e c e ijit s ..........................
$18,951,036
$17,720112
Incom e from investm ents ______
3,220,965
2,743,519
T o ta l in com e.....................
$22,172,001
$20,463,670
F ix ed charges...............................
$7,621,341
$6,923,191
D iv id en d s on —
Ore. RR. & Nav. prof. ................. (4%) $440,000
(4%) $440,000
Ore. St. L. incom es.......................
952,890
9 2,890
Union Pacific p re f........................................... (4%)3,979,580
(4%) 3,952.870
do
do
common.................................... (4%)4,000,014 o ) 3,350,757
<9 W
Balance, surplus......................................... ~ $5,178,176 $4,843,961
The figures fo r 1901 do not include dividends on Northern Pacific
stocks owned from A p r il 1 to June 30, 1901, viz., $781,080, which
have been collected and w ill appear in results fo r fiscal year 1901-2.
O fficers , E t c .—(J uly, 1901.)—President, H orace G. Burt; VicePresident, W illiam D. Cornish; Seo., A lex a n d er M illa r Treasurer, F.
V. 8 . Crosby; Directors, H. G. Burt, W inslow S. Pierce, James Stillm an,
M arvin H ugliitt, E. H. H arrlm an, Thos. T. E ckert, James H. H yde,
Otto H. Kahn, T. Jefferson Coolldge Jr., G eorge J. Gould, O liver A m es,
J. H. Sehifl, Louis Fitzgerald. Ohas. A. Peabody and H. H. Rogers.
Of f ic e , 120 Broadw ay, N. Y .—(V. 75, p. 291, 395, 612, 795.
U n i o n P a c i f i c D e n v e r Ac G u l f R y . —Bee Colorado So ut h er n
U n i o n R a i l w a y o f l t E e m p h i s , T e n n . - T o construct a b elt ra il
road 11 the city o f Memphis. Stock, $80,000, the stockholders, on July
1
23, 1902, approvin g a proposition to sell 55 per cent to Geo. .). Gould
and also the making o f a m o rfg a g e to the M ercantile Trust Go. o f N ew
York as trustee tc secure $1,000,000 5 per cent gold bonds, o f which
$200,000 authorized to be Issued in Sept., 1902.- (V. 7ft, p. 443,795.)
U n i o n T e r m i n a l C o . o f N e w Y o r k . —V. 74, p. 269.
U n i o n T e r m i n a l Ity . o f S io u x C it y .—Owns terminal road at
Sioux City, la.; total track, 13 miles. Incorporated June, 1900, as
successor of the Sioux C ity T erm in a l Ry. & Warehouse, sold In fo r e
closure Aug. 22, 1899.—V, 70. p. 1292. Operated by the oom pany It
self, charges being made fo r sw itching on a whoelago basis. StOOk,
*2,500,000, o f which *1,870,2^0 outstanding, all issued to the old
bondholders. O ver tw o thirds o f the stock lias been deposited In a
voting trust. V. 71, p. 31. No bonds. Pres., Sydney L. W right; Hoc.,
W alter T. Bllyen, 51 1 W alnut St.. Philadelphia; Treas . Adam A Stull,
505 Chestnut St., Philadelphia. (V. 71, p. 31.)
U n it e d N e w J e r s e y R a i l r o a d A- C a n a l C o .— (Sec. m ap P e n n
sy lva n ia It. It.) With other properties operated in connection there
with forms an Important system of roads In Northern New .Jersey, ex
tending from Camden to Amboy and from Philadelphia to Jersey City,
with branches and COHneetlons, a distance el’ 407-31 miles; Hudson
River ferries to New York, 1 mile, and Del. A Raritan Canal from
Bordentown to Now Brunswick and feeder, (H mllos. Phil. A Trenton
I
and Belvldere Del. which see —
are principal leased lines.
L e a se ,— Leased In June, 1871, to the Pennsylvania HU. for 990 years;
rental equal to 10 p. e. on sUiek, Interest, on bonds, taxes, etc.
E a RNtNOS. - F o r year ending Dec. 31, 1901. gross, *21.930,588; net
$7,025,350; nth. Inn., *255,170; Int-., rentals, etc.. $4,904,800; d iv i
dends, *2,124,040; balance, surplus for year, *101 023. In 1000
gross, *23,317,103; net,, *0,050,0(15,-(V. 72. p. 302; V. 74, p. 082.)
’
1 ...........
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143
------- *'-*j----- -------------- -------- --------- *V-------------- —
RAILROAD STOCKS AND BONDS,
October, 1902.]
143
B onds—P rin ci
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
Miles Date Size, or
pal,^Wh.;n Due.
Am ount
of
R ate per When Where Payable, and by Stocks —Last
of
Par
F o r explanation o f column headings, &o., see notes
Road. Bonds Value. Outstanding
Cent. Payable
on first page o f tables.
Whom.
Dividend.
V ick sb u rg dt M e r id ia n —See A l a . A V ic k s b u r g .
Vicks. Shreve. < Pac. R R . —1st M. on land, g .C e .c *
£
V ick . 8 h. dt Pac. R y — Stock, 5% n.-o., $2,200,200..
General m ortgage, $3,500,000 F ................... x c 1
Y. 8. & Pac. RR. prior lien m ort., g o ld ____C e .c *
V ir g in ia Midlands—See So u t h e r n R a i l w a x .
V irg in ia dt Truckee —Stock........................................
Wabash R .— S t.L.,K & N .onSt.C harlesB r’g e ,g .C e o 2d m o rtgage......................................................
Wabash 1st m ortgage, gold, ($34,000,000)..C e.c*
2d m ortgage, gold ..................................I p 0
Deb. M.,inc.,non-cum.,series A , red. at p a r.M e
Do
do inc. non-cum,, series B ..............d ie
Det. A Chic. Exten. 1st M.,g., red. at H O .C e.o*
Des M oinesD i*. la tM ., gold, $1,800,000..Co.e*
Tol. A Cb. D iv. M , gold, $3.000,O O O .K.....c& r
Omaha D ivision, $3,500,000, g o ld .............. e& r
Equipm ent bonds, $3,000,000 s. f., C o ......c& r
Kans. C ity Excels. 8p. A Nor. M „ g., guar...........
Boone Co. A B ooneville 1st m ortgage, int. g u a r..
Columbia & St. Louis, $300,000, g.,gu . p .A i.S S i
L e a s e d L in e B onds —
Bt. Louis Council Bluffs A Omaha 1st m o rtg a g e ..
Bruns. A Chilli. 1st M., 8% fr. Aug. 1,1900,int. gu.
Wabash Chester <t Western— 1st m ortgage, g o ld .. 0*
1st consol, m ortgage, $1,000,000, gold SSt___0*
W a llk ill Valley— Stock, 3Q per cent, guaranteed...
1st M. (form erly 7s) guaranteed...........................
2d m ortgage lnoome, 3Q p er cent, gu aranteed...
W arren (R . J . ) —8tock, 7 p. 0. perp., guar. D. L. A W
1st consolidated (no w 1st) m o r tg a g e .F ................
1st ref.M ., $2,000,000, gold; gu. p. & i . F ___ o*Ar
188
....
188
188
52
...
1,542
1,009
1,542
1,542
150
97
....
144
__ _
9
22
22
41
38
42
65
33
33
65
18
18
1886
$1,000
1901
1885
1,000
1,000
$1,744,375
2,142,800
1,572.000
1,323,000
100
1878
1,000
1878 500 Ac.
1889
1,000
1889
1,000
1889
1,000
1889
1,000
1891
1,000
1899
1,000
1901
1.000
1901 500 &o.
1901
1,000
1901
1,000
1873
1,000
1902
5.000. 000
1.000. 000
388,500
31,664,000
14,000,000
3,500,000
26,500,000
3,376,000
1,600,000
3,000,000
3,000,000
2,900,000
100,000
100,000
100,000
1,000
1878
1878 100 Ac.
1,000
1888
1,000
1893
100
1877
1,000
1,000
1877
50
1875
1,000
1900
1,000
577,000
304,500
300,000
390,000
330,000
250,000
330,000
1,800,000
484,000
910,000
4-5 g. J. A J.
a
M. A N.
5
6 g. M. A N.
pd.
Co.
Co.
Co.
Jan. 1. 1918
8ept. 1,’ 02, 5%
M ay 1, 1941
N ov. 1, 1915
O.
O.
N.
A.
J.
J.
J.
J.
S
O.
S.
J.
N.
N.
N. Y ., Office 195 B’way.
do
do
N. Y . Central T rust Co.
do
do
In 1902 paid 6 p. 0.
None e v e r paid.
N. Y ., Central Trust Co.
N .Y ., Contin’l Trust Co.
N. Y ., Knieker.TrustCo.
N .Y ., B ow lin g Gr.Tr.Co.
N.Y.,C ontinental Tr.Co.
St. Louis, Office.
N. Y ., Office, 195 B ’ w ay
H)
Oct. 1, 1908
Oct. 1, 1903
M ay 1, 1939
Feb. 1, 1939
Ju ly 1, 193S
See tex t.
July 1, 1941
Jari. 1, 193S
Mar. 1, 1941
Oct. 1, 1941
Mar. 1, 1921
Jan. 1, 1928
M ay 1, 1903
M a y 1, 1942
J. A J.
6
F. A A.
8
5 g- J. A J.
5 g. J. A J.
Q -F .
313
313 J. A J.
3Hs M. A S.
7
A .15A O
M. A 8.
7
3 ^ g . F. A A
N .Y ., Office, 195 B ’w a y
Boston,Bank Redem p’n
N. Y ., Nat. Bk. Com.
Ju ly ’ 94, pd. Ju ly 1, ’ 96
N. Y ., Gr. Cent. Station.
do
do
do
do
N. Y ., Del. L. A W. RR.
do
do
do
do
July 1, 1908
Aug. 1, 1903
Ju ly 1, 1918
Jan. 1, 1928
N ov., ’ 02, ?8%
Aug. 1, 1917
Aug. 1, 1917
Oct. 15,’ 02,3%
Mob. 1, 1905
Aug. 1, 2000
(1)
6 g.
7
5 g.
5 g.
6
6
5 g.
4 g.
4 g.
3^g.
5 g.
4 g.
7
4 g.
A.
A.
M.
F.
J.
J.
J.
J.
M.
A.
M.
J.
M.
M.
A
A
A
A
A
A
A
A
&
A
A
A
A
A
Jan., ’ 89, coup, last
N. Y ., C e n t! Trust
N. Y ., Farm. L. A T r
N. Y ., Central Trust
U t ic a C h e n a n g o Sc S u s q u e h a n n a V a ll e y B y . —Owns U tica, enough bonds are retained to retire the prior liens on roads west; but
N .Y ., to Greene, N. Y ., 75 m ile s ; branch to Richfield Springs, 22 m ile s ; the second m ortgage covers only lines east of the river at time of or
total, 97 miles. Road opened October, 1872. Leased to D elaw are ganization in 1889,1,009 miles.
Lackawanna & W estern at 6 per oent on stock. H as no bonded debt.
D ebenture m ortgage bonds, $3,500,000 are series A (pref. in respect
U t i c a C lin t o n Sc B i n g h a m t o n R R . - Owns Utioa, N. Y „ to to interest payments only) and $26,500,000 series B. i f series B bonds
are not presentea at maturity, July 1, 1939, interest w ill continue
Randallville, N. Y ., 31 miles. Leased during continuance o f chart®!
and renewals thereof to D elaw are A Hudson Company, which to be payable If earned. See stock above as to voting power.
pays rental o f $61,500 per annum. Operated b y N ew Y o rk Ontario A
I n te r e st o n > 1890 to 1893. ’94. ’95. ’96. ’97 to ’99. ’00. ’01.
’02.
Western. The street lines owned are leased to U tica & M ohaw k V a lle y
“ A ” bonds % 5 6 yearly.
0
0
1
0
6
6
6
R y . fo r $15,000 per annum. Capital stock, $849,285 (par $100),
The D e tr o it <6 C hicago E xten s io n bonds cover 150 miles, completed
dividends on $200,000 o f which are guaranteed b y Del. A Hudson
111 May, 1893, from Montpelier, Ind., to Clarke Junction, 26 miles,
at 5 % per an.; balance variable, 3% p. c. paid in 1898 to 1902. incl.
from Chicago. Mortgage is for $3,500,000; abstract in V. 54, p. 1049.
V a l l e y ( N . Y . ) R R . —Binghamton, N. Y ., to State L in e o f Penn.,
The Des M oines D iv is io n bonds of 1899 ($1,800,000 authorized) cover
11 miles. Leased to Delaware Lackaw anna A W estern at 5 per cent 96 miles, equipment costing $250,000, etc. See V. 6 8 , p. 574, and ad
per annum on stock, the lessee assuming the interest on bonds
vertisement in C h r o n . March 18,1899: also V. 69. p. 335, 796, 1248.
The Toledo < Chicago Division 4 s of 1901 are secured by a first lien
£
V e la s e o B r a z o s <fc N o r t h e r n R y . —See p age 175.
V e r m o n t Sc Itta s s a c h u s e tts R R . —Road, Fitchburg to Green on extensions constructed in 1901 from Maumee, O., to Montpelier, 50
miles, and from N e w Haven, Ind., to Butler, 26 miles, and by a liens,
field, Mass., 56 m iles o f double track; branch, 3 miles. L'eased to
Fitchburg RR. fo r 999 years at 6 per cent on stock. N e w bonds to subject to the Detroit & Chicago ext. 5s on the present line fromi
the amount of $772,000 w ill be issued to provide, in part, fo r the 6s Montpelier to Chicago, 150 miles. In Jan., 1901, also sold $3,000,000
equipment bonds. A sinking fund may retire $100,000 equipment
due M ay 1,1903. V. 75 p. 612.
’
bonds annually at 108 for 5 years, then $150,000 for 10 years and
V e r m o n t V a ll e y R R . o f 1 8 7 1 .—Owns Bellow s Falls to B rattle- thereafter $ 00,000. V. 72, p. 185, 582, 822; V. 73, p. 567.
boro, Vt., 24 miles. Controls the 8ullivan Com ity R R ., B ellow s Falls
The Omaha Division 3^8 (B o w lin g Green Trust Co. o f N e w Y o rk ,
to Windsor, Vt., 26 miles. O perated by Boston A Maine.
trustee,) are secured b y a first lien on the form er Omaha A St. LouisEarnings o f Verm ont V a lle y fo r year ending June 30,1902, gross. R R ; Council Blufls, la , to Pattonsburg, Mo., 144 m il-s; o f the issue,
$269,790; net, $57 179; div. on Sullivan Co. RR., etc., $49,450; total $500,000 are reserved fo r im provem ents V 75, p. 686.
4
net, $106,629; interest, taxes, etc., $46,569; dividends paid, $60,000;
lo May, 1902, purchased the Columbia & St. Louis R R ., C entralia to
balance, surplus fo r year, $60.— (V. 63, p. 877; V. 65, p. 867 )
Columbia, Mo., 22 miles, guaranteeing $300,000 fou r per cent gold,
V ic k n b n r g S h r e v e p o r t Sc P a c i f i c R R . —See R a ilw a y below bonds thereon. Y . 73, p. 338, 786, 1012; V. 74, p. 1040; V . 7 5 .p . 686.
and V. 74, p. 381, 6 2.
G e n e r a l F in a n c e s .—June 30,1901, there were bills payable, $645,-V i c k s b u r g S h r e v e p o r t Sc P a c i f ic R y . - D e l t a , La., on M iss 871, including $180,009 notes payable and $465,861 rolling stock!
notes payable monthly to Nov., 1904. V. 71, p. 440. In Jan., 1901,
issippi River, via Shreveport, to Texas line, 188 miles. O f this, 17 miles,
Shreveport to Texas 8tate line, is leased to Sherman Shreveport & sold $6 ,0 0 OOo bonds; see above.
Southern (Missouri Kansas A T exa s system) fo r 25 years from July
In 1902 a syndicate including the Gould interests had acqu ired
28, 1900. Successor on M ay 1, 1901, to V. S. & P. R a ilr o a d , fo re control o f the W heeling & Lake Erie, and w ill com plete in 1902 th e
closed, per plan V. 72, p. 628, 676.
Pitts. Carnegie & W estern Ry., from Steubenville, O., to Pittsbu rg 60
St o c k , E TC .-S tock authorized, common, $3,000,000; outstanding, miles, fo rm in g in connection w ith the Wabash an independent rout®
$2,Sob ,f 00; pref., see table. O f the $3,500,000 general 5s $1,323,000 to Pittsbu rg fo r the Missouri Pacific and associated lines Y . 72 p
are reserved to take up at m atu rity the p rior lien 6s and $605,000 fo r 776, 874.1189; V 73, p. 186; V. 74, p. 1091. A lso another Gould syn”
fu tu re requirement s.
Ornate has acquired the W est V a Central & Pittsbu rg and the W est
D i v i d e n d s —On preferred stock, 5 p er cent, paid Sept. 1,1902.
rn M aryland R R to obtain access to tidew ater at B altim ore See the
EARNINGS.-From Ju ly 1 to Sept. '4 , gross, $212,653 in 1902; $168,- tw o last-named companies, in May, l9 o 2 , a Gould syndicate acquired
control o f the A nn A rb o r R R ., connecting w ith the Wabash R R. at To431 in 1901. R ep ort fo r 1900-01 in V. 73. p. 1157.
le. o and another o f the D etro it & M ackinac Ry. V. 74 , p 1091 1141
Y ear.
Grogs.
N et.
Other i .c.
In terest.
Bat Sur
In March, 1898, began running trains into Buffalo, N. Y „ using 246°
miles o f Grand Trunk Ry. under jo in t trackage agreement. The Wabash
Co w ill pay the Grand Trunk a ren tal com m encing at $275,000 per
* D (v. o f 5 p. c. ($107,140) on pref., was paid Sept I , 1902.
annum, to be increased at the end o f e v e ry five years b y $25 000 a
— (V. 72, p. 392, 628, 676, 822, 937; V. 73, p. 1157.)
year, until it reaches $350,000 per annum. Wabash also p a y its quota
V i r g i n i a (M id la n d R y . —On June. 21,’ 98, m erged in Southern Ry. o f cost o f operation and maintenance. V. 66. p. 812
T ra ffic . —In 1901-2 carried 8,578,603 tons; grain furnished 12-54p
W a b a s h R a i l r o a d . —(S e e M a p . ) — Embraces lines as fo llow s,viz.
0., bituminous coal 25-62 p. o.; lumber 6 33 p. c., and liv e stock3-97p. e.
Owns E ast o f Miss. R ive r. M ile s.
O w l s West o f M iss. R iv e r.
EARNING8 .-2 mos. >1902......... . Gross, $3,625,236; net, $1,108,720
Toledo, O.. to East Hannibal,
; M oberly to Ottumwa, l a ...... 131
July 1 to A u g 31. $1901......... Gross, 3,238,719; net,
948,663
^C am p Pt. and Elyaeton, 111. 536 |Salisbury to Glasgow, la., etc
15
Decatur, HI., to E. 8t. L o u is .. 110 Des Moines to Moulton. la
A n n u a l R e p o r t .—F iscal year ends June 30. Annual m eeting at Bt
95
June, near Chicago to Effing
Louis second Tuesday in September. R eport for 1901-02 was given at
Brunswick, Mo., to Council
ham and Altam ont, 111........ 216
Blnffs, l a ........................... 225 length in C h r o n ic l e , V. 75, p. 663, 686; editorial, p, 640, showingBtreator to Falrbury..............
3 1 E xcelsior 8pr to M llw J u n c .
Y ea r e n d in g J u n e 30—
1902.
1901.
1900
9
Ed wardsville Branch.............
8
A verage m ile a g e ...................
2,483
2,367
2 358
Delrey.near Detroit, to Butler 110
Gross ea rn in gs....................... $19,053,493
$17,554,464 $16,440,
T o ta l owned and leased___ 2,040
Montpelier, ()., on line to De
Maintenance o f w a y ............
2,740.901
2,335 371
-1,896,131
- - —
Trackage, etc,
troit, to Clarke Junction,
4,294.889
3,909,316
Chicago to Clarke Junction.
26 M otive pow er.........................
3,605,625
near Chicago....................... 150 M oberly to H annibal (V. 69.
Maintenance o f cars..............
1,244 087
1,457,1 51
1,334,758
A ttica to C ovin gton ..............
15
5,567,559
5,050.207
p. 550)................
5,110,902
70 Transportation and ge n era l..
Champaign to Hid riey...........
12 East Hannibal to Quincy.
Total oper. expenses...... $13,8 17.436
17
$12,752,0.5 $11.947,416
Toledo to Montpelier, O ......
50 7 short lines to Quincy, D e
N et earnings.......................... $5,206,057
$4,802,419
$4,493,574
New Haven to Butler, fnd...
26
troit, <t,c.................... .
(72-firt)
36 Per ot. oper. exp. to earn’gs..
(72-64)
(72 (57)
9 m i« West o f Miss. River.
Other lin es................. .........
---------------«— Ac
418 15 k
From rent o f tracks,
848,886
339,522
Bt. Ixuils to near Kansas City. 275 W indsor, Ont., to B u ffalo” .. 270
Total net incom e............. $51)24,212
Centralis. to Columbia, M o ...
21
$6,146,255
$4,883,096
T a x e s .....................................
$ >27,930
$586,199
$567,327
Bt. L. Jcvee to Ferguson, Mo.
11
nranu
1902
2 483
Grand total July, 1902.
Track, bridge rent., A c .........
1,620 066
1,496.849
Also 7 miles owned, but leased, not Included above
........
1,129,863
fn t’st on bonds and rentals..
2,904,7 >7
2,700,571
2,715,796
The new line from a point near Toledo, (>., to Montpelier, r.O miles
210,000
210,000
210,000
giving the company a continuous line from Toledo to riilcago was D iv. on “ A ” deb...................
Balance.
completed In Jan , fl*02; also a line from N ew H aven Jrel to’ But
hii r. $ 9 :1 1,Jo Riir.$2io,d99
,
........... -..............SUr.$201,459
thf! »•>* “ leer UR V. 73, p 5®9 ’ Omaha v'^t
O ptic ;Kits. Uhairrmm o f Board, O. I). Ashley i Pros, a n d G e » Man
jxjtiim J,i* , 1 4 ,> riilD)*, WftB takftn o ver Nov. J, 1001. V, 73, p 1012
ager, Joseph Ramsey Jr.; Treas,, F. L. O’Leary; Hee, .1. O. Otlusoa.
H ih to r v , a o Successor In 1889 to the Wabash Bt. lout’s ,v Panl/lo
" ‘"'I I''’",
V'
A"'|'vv, Thomas 11 Hubbard Ed ■ 1 . Well**,
,
which was sold In foreclosure. Hee Hu p i 'L e m i .n t up to January, 1889’ 0limes If fly. o, .1- nopb Itunin.-y Jr., <merge 4. Gould. H ('. Iteviiold*. John T
firry. K ihmijIJ Hitur. I\ H. Wyoftoff, MflWln Gould, Henry Iv. Ale'll aril and Cyrun
L eash .- Entrance to Chicago Is secured o ver the Chicago A West In- J. 1-it syren
uiana, or whose stock this company owns $ 1,000,000.
Office. 1 9 5 Broad way, N. Y .—(V.f75, p.81, 6 6 3 , 6 8 6 , 850
C a p it x i , Ht o c k . The stock Is $24,000 000 preferred 7 p. n. non-own.,
Wnhiiftli ( l l u x i r r <V Western It i t . — Hot page 1
/
~ »
anil $28,000,000common ; par, $100 Holders of the •‘ A ’’ and “ W
<
W arren A 0 «> i»le n n > » P a r I fir I t y . —Hoi page 1'
debenture m ortgage bonds are entitled to one vote at Stockholders'
......... .
W a r r e n l i l t , , N . .*.—New Hampton JkUlo. to Hem. Bridge N l
meeting tor every #100 of principal, and to nominate one half oT the
18-8 m l.e,med In perpetuity to Del a. L A W. at 7 % .... stock an.I' Interest
highest even number o f the hoard of directors
27*o 9 7 a
r o r , t " f' mortgagee or 1889 w ere in v. 49, pp. 21], ; ’ I r ,n J " ,y ' n ' ou>$2,000,000 3 Ifls were autlmrl/.c! to retire the
w is + lv t
f l a n g e covers all the lines owned both east and $7"0,000 first 7.i dun Gel., I 900. and to provide for the $600,000 eonsols due Mar, 1. I 905, balance being for iHiiu .iVenients Hoe form o f
w©©t. of fchfi Miaela&ippl at time of reorganization (10 2 m ile*), and
M
guaranty.— (V. 72, p. 628; V. 72, p. 45, 428.)
M
*6 :?
’2.2
$ :8 2
!!5 2
*
144
INVESTORS’ SUPPLEMENT
[YOL, LXXV,
RAILKOAD STOCKS AND BONDS
October , 1902.]
145
iWil’kesbarre
CLEVELAND
W illiam spor
Lock Haven/
Akron
Mansfield-
A J t o o im ^ T y r o n e
'Lima,
Bound Broo]
Legheny
Delaware
^Steubenville:
Bellaire,
OLUMB S
U
Reading
PITTSBURG
TR N O
ET N
HARRISBURG*^^/
jiiden
HILADELPHI
Wheeling
Wilmington
M arietta! 0
illicothe(
oHJJMGrafton,
^C^BALT^_______
Parkersburg
Pomero;
Shenandoah J/
^
^ ,% N /
X RO U/vrt^
[IW .J 1 .
.O L S
Weston
v> Elkins
Portsmouth' Gallipo\isi
fro
^
Jr
C A L eJET^RTO N
Ashland,
\
°^ o Ss^ \
CHARLESTO N"
y R N E ' ««
OA G
\White S u lp h u r ^
\ Q r \ T » i n CTC .
Richim
N a ti^ a l ^ ri(
i^ b a n o k e y
Livingston
S ^ M d fo n
kCorbin
Bi^
W
^^DORShT
^PeUrsbjirg
B R E IL
UKV U
/ / / ^
iis ?
^RE^°Nr L 'O
WV RE n
AE
tc* l f e
W7NORFOLK,
B SO E P R ,
O T N M O IA
, N O R FO LK
w lm \
PORTSM OUTH
iuF O K
FL
eldon
i o l l Ow a y I
Camden
V E R SIT Y
/
>
tarso^o ^ ^
^ / kelforp
HBOD
OG O
.A^^HWILSON
Cm
^^Toxoway^
,yetteville
/ M U R P H Y __ >
'
a
Kinston^v
Newberi
Pembroke
sennettsvilli
\ y
larling^Qn
■ DRO
N ES N
m rTw c
’a ^L
7-*\hoog
’°™kr*$in
/ R E *00 d
GEN
\
T
VILLEC O L U M b
•umter
'O A G B R
RN EUG
**C OONdu*
▼Jflovilla
Canmk,
Georgetown
R A N C H V IL L E j1
^C P regn a lls
CH AiRLfo
Macon
k S ofkee<
T pyeroa-^'-c
Dover
yf|
Lvj/^f f £ttatepjjj|||p
b/Y t e M f K o y a l ;
Meldrlm
0
oAV.A N N A H
lin e Grove
JEiUP
T TM
IP O
fe'HiWVljb),
it ‘u rjandlna
J TC ft'SO N V ILLE
H PTO
AM N
W a
frc#
SOUTHERN
AT K A
CfcrW KcyT
,\ dbourne
D
Bartow
OP
THE
RAILW AY
CO
St, Augustin©
OninenviAif;
Tafnpa
MAP
S Y S T E M .
Southern Railway-owned or leased
Operated separately-Majority Stock Owned.
Other lines in which the Southern Railway Is interested
Principal Connections.
Trackage Rights
146
INVESTORS-'
SUPPLEM ENT.
October , 1902.]
RAILKOAD STOCKS AND BONDS,
147
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Dae.
Am ount
R ate per When Where Payable, and oy Stocks —Last
of
Par
Of
F or explanation o f column headings, Ao., see notes
Outstanding
Whom.
Cent. Payable
Road. Bonds Value.
Dividend.
on first page of tables.
R A IL R O A D S .
W ashington O ent'l —1st M., g., $15,000 per m ile .K
W ashington C ounty —1st M., g., $2,320,000.C e..c'
Wash. < U olum b. R ivet — 1st M., $2,500,000, g . F .c *
£
Inoom e bonds, non-cum., $2,500,000.F ..............
Wash. <t F ra n k . —1st M., $475,000, g., int. re n ta l.r
W ashington O hio <• W estern -See Southern R t .
£
West Chestet— Stock, 5 per cent re n ta l....................
1st m ortgage, interest guar, by Penn. R R ...........
West Jersey < Sea S hore R R .— Common stock.........
£
Special guaranteed stock (W est Jersey R R .)......
Camd. & A tl. con. M. ($650,000 5s; bal.6scoup.)
W est Jersey Consol, mort. ($1,600 is scrip ).. .r
W oodstown A Swedesboro 1st m o rtgage......... c”
W. Jersey & S. S., 1st consol. M., series “ A ,” g.c*
Gold, Series ‘ 'B,” $1,500,000, g o ld .................c*
West Shore— 1st M., gu. p .& i., end.byN.Y.C.TTn.o<fcr
West V ir g in ia C entral & P itls b . —Stock, $25,000,000.
1st M., gold, S3,600,000 (V. 52, p. 2 0 4 ).M p . ..O'*
Piedm ont & Cum berl’d, 1st M., int. rental, g .M e
Coal & Iron R y .,ls t M. V.71,p.1166,gu..g M e B a
West V ir g in ia & Pittsb . —1st M., g, r e d . M e . B a c~
W esfn ( A l a . ) — 1st M .,g.,gu . byC . Ga. andG a.R R .c*
Western M a ry la n d —1st M. and pref. 2d M. (end’ d ).
5th m ortgage, held b y C ity o f Baltim ore, sink’g f ’ d
C ity o f B altim ore lo a n ...........................................
M ortgage in return fo r C itv of Balt, sto ck .tex t.
N e w 1st m ortgage, $50,000,000, gold. H ie -----o*
Gen. 2a m ort., $10,000,000, incom e fo r 3 years.
Equipm ent bonds, payable $3,500 m o n th ly......
L eased L ines —See statem entof each company.
108
137
163
19
5
79
128
11
310
310
436
132
29
45
159
132
90
90
100
1898 $500Ac.
1,000
1898
1895
1,000
1895
1,000
1899
1,000
1879 100 Ac.
50
50
1881
1,000
1879 500 Ac.
1882
1,000
1896
1,000
1896
1,000
1885 l,00 0A c
100
1,000
1881
1886
1,000
1,000
1900
1890
1,000
1888
1,000
58-’68 500 Ac.
1887
1900
1902
1902
1901
1,C00
$1,538,000
2,320,000
2,500,000
2,245,000
334,000
4
5
4
4
5
Q .-M . N. Y ork , Knlck. Tr. Co. Mch. 1, 1948
g.
Jan. 1, 1948
N one paid.
g. J. A J.
g. J. A J. N. Y.,Farm ers’ L.AT.C o. July 1, 1935
July 1, 1935
Payable as earned. 8ee text.
Jan. 1, 1939
Philadelphia, Pa.
g. J. A J.
165,000
F, A A
5
M. A 8. Phila., Broad St. Stat’n.
75,000
5
4,952,050 5 in 1902 M. A S. Phila., Broad St. Stat’n.
J. A D.
do
do
104,000
6
5 A 6 J. A J.
999,000
do
do
M. A N.
750,000
6
do
do
M. A N.
90,000
6
do
do
1,600,000
do
do
4 g- J. A J.
1,500,000
do
do
3^2 g. J. A J.
4
J. A J. N. Y ., Gr. Cent. Station.
50,000,000
11,000.000 3^2 i n ’ 01 Semi-an Check from Co.’ s office.
3,250,000
6 g. J. A J. N .Y .,F irstN .B k . A Balt.
650,000
5 g. F. A A. Balt., H am bleton A Co.
1,000,000
5 g. F. A A. Balt.,M er.Tr.A Dep.Co.
4,000,000 (5) 4 g. A. A O. N .Y.B . AO.Of.,2 W all St.
4iag. A. A O. N .Y. GuarantyTrustCo.
1,543,000
6
J. A J.
222,000
SH
1,704,000
J. A J. Balt., N. M echanics’ Bk.
4
684,000
J. A J.
do
do
1,875,000
3*2
See text.
4 g. A. A O.
4
See text.
112,000
A u g ,1902
Sept., 1919
Sep 15,’02, 21*
J u n el5 ’02, 3%
July 1, 1911
Nov. 1, 1909
M ay 1, 1912
July 1, 1936
Ju ly 1 1936
Jan. 1, 2361
Mar. 25, 02, 2
Ju ly 1, 1911
Aug. 1, 1911
Aug. 1, 1920
A pr. 1, 1990
Oct. 1, 1918
1890 A 1895
Jan. 1, 1927
July 1, 1925
Jan. 1, 1950
Oct. 1, 1952
1952
To M ay, 1904
W a s h b u r n B a y f i e l d < I r o n K l v e r R R ,-- S e e V. 74, p. 938,1357. 5 In 1902 control o f the road w as acquired by the Gould interests, 98
fc
per cent o f the stock bein g deposited as security under the Western
W a s h i n g t o n B r a n c h I t I t . —Y. 75, p. 31.
M aryland R R . m ortgage o f 1902. Stock authorized b y law , $25,000,W a s h i n g t o n C e n t r a l B y . —Owns road, Cheney to Coulee City, 000; by stockholders, $15,000,000. V . 73, p. 392, 786.
Wash., 108 miles. Reorganization of the Central Washington RR.
D i v i d e n d s ) 1889 t o ’94. 1895 t o ’ 96. ’ 97. ’98. ’99. ’00. ’01. ’02
sold in foreclosure Jan. 19,1898. Leased in 1898 to Northern Pacific
( P e r c e n t . ) ) 1 yearly.
1 ^ yearly.
1 ^
1
2*2 3 ^ M ar.,2
for 999 years at rental sufficient to pay interest on new 50-year gold
In 1902, March, 2 per cent; none la ter reported.
4s, to be issued at $15,000 per mile. (See full particulars V. 6 6 , p.
L a t e s t E a r n in g s . —F o r 9 mos. ending M ar. 31, including coal dept.:
953.) The Northern Pacific owns the entire $1,000,000 of oapital stock
and $282,000 bonds.—(V. 67, p. 127, 691.)
9 mns. R R . gross. R R .n e t. C oal, etc., T ota l net. Ch’ ges,etc. B a la n ce .
W a s h i n g t o n 6c C o l u m b i a B l v e r B y . —Owns road from Day- 1901-2...$980,462 $345,978 $451,412 $797,390 $423,695 $373,695
ton, Wash., to Pendleton, Ore., 128 miles; branches, 35 miles; total, 1900-1... 881,459 371,678 558,113
929,791
539,686
390,105
163 miles. Stock is $3,000,000; par, $100. Additional first 4s
R e p o r t .—R ep ort fo r 1900-1 in V. 73, p. 661, sh o w in g:
may be Issued for extensions at $20,000 per mile. (V. 61, p. 70.) In
Cross o f
N e t ov er
Other
In te re s t &
B a l. f o r
Feb., 1898, the Nor. Pao. Ry. purchased the entire oapital stock and
Y ear.
R a ilro a d .
taxes.
in com e.
ren ta ls.
d iv., etc.
all of the income bonds. Interestpaid on incomes: In 1898-9, $55,000. 1900-01....... $1,182,181 $433,924 $604,398
$150,750 $867,572
E arnings .—Year ending June 30, 1902, gross, $489,150; net (over 1899-00........ 1,108,392
407,083
350,248
256,202
501,129
taxes), $161,323; int. on 1st mort., $100,000; int. on incomes, $44,900;
From surplus above shown in 1900-01, w ere paid as fo llow s; Bet
surplus for year, $16,423.—(Y. 66, p. 426.)
term ents, equipment, eto , $505,191; dividends (3 ^ p. c,), $350,000;
W a s h i n g t o n C o u n t y B B . —See page 175.
bal., sur., $12,381. “ Other incom e” includes profits o f D avis Coal &
Coke Co. ($503,656) and real estate departm ent ($100,742)
W a s h i n g t o n < F r a n k l i n B y —Seepage 175.
fc
T o ta l coal and coke shipments fo r year 1900-01, 1,628,714 tons; in
W a s h i n g t o n T e r m i n a l C o ,—V. 74, p. 529.
1899-00, 1,775,250 tons; 1,492,238 tons In 1898-99.
W e l l i n g t o n G r e y 6c B r u c e B y . —V. 6 8 , p. 1228; V. 70, p. 1250.
President, H . G. D avis, Elkins, W. V a.— (V. 75, p. 79, 291, 443.)
W e s t C h e s t e r B R . —Morstein fo West Chester, Pa., 5-22 miles.
W e s t V i r g i n i a 6c P i t t s b u r g B B .—(See Map B a lt. d Ohio.)—
S
Leased to Pennsylvania RR. for 99 years from Aug. 6 , 1879. Rental Clarksburg, W est Va., to R lobw ood, W. Va., 120 miles, w ith branch, 6
equal to 5 per cent on $165,000 stock, interest on bonds and taxes
miles; also from W eston via Buckhannon to Pickens, 50 miles; to
W e s t J e r s e y & S e a S h o r e B B . —(See Map Pennsylvania R R .) tal, 176 miles. Leased to reorganized B. & O. fo r 999 years from
—Owns all the lines of tne Pennsylvania System in Southern New 8ept. 1,1899, per plan in V. 67, p. 1310, fo r fou r per cent on the
Jersey, including line from Camden, opp. Philadelphia, to Atlantic City m ortgage, all except $10,000 bonds bein g stamped w ith an agreem ent
reducing the interest from 5 to 4 per cent and the B. A O . h avin g option
(59 m ), Camden to Cape May, 81 m., eto.; total owned 330 miles.
to purchase bonds at par w ithin 5 years on 60 days’ notice. V. 69, p.
O rganization .—A consolidation in 1896 per plan V. 62, p. 366, 871. 439. 646. Com., $2,500,000, and pref., $900,000, all deposited hy Balt.
Stock .—Common stock authorized, $8,076,000, of which the Penn. A Ohio under its own Pitts. L. E. & W est Va. system m ortgage.
RR. held Jan. 1.1902, $1,692,950. V. 67, p. 188.
B onds.—F irst m ortgage covers road and its equipment and 134.842
D ivid end s .—On common in 1896, 2^2 p.c.; in 1897, 5 p. c.; 1898,5 acres o f timber, coal and mineral lands in W est V irgin ia.— (V.71, p. 810.)
p. c.; in 1899, 5; in 1900, 5; in 1901, 5; in 1902, 5 p. o.
W e s t e r n ( T h e ) B y . o f A l a b a m a . —Selma to W est Point, 132 m.
B onds .—First consolidated mortgage is for $7,000,000, of which in Georgia R R. and Cent. R R . o f Ga. each owns h alf the $3,000,000 stock.
Jan., 1901, $1,840,000 are reserved for prior lien bonds when due,
Div id e n d s ) 1894 to 1896. 1897.
1898.
1899.
1900.
1901.
and $2,060,000 for improvements, etc., V. 62, p. 1179. Mortgage
(P e r cent.) 5
2 yearly.
3
0
5
4
Jan., 2
trustee, Commonwealth Title Insur. & Trust Co. Philadelphia.
E arnings .—12 m os.,) 1900-1............Gross, $821,088; net, $286,327
E arnings .—8 mos., (1902.............Gross, $2,789,883; net, $844,055
July 1 to June 30.
51899-0........... Gross, 739,745; net, 262,425
Jan. 1 to Aug. 31. (1901.............Gross, 2,621,863; net, 782,955
W e s t e r n M a r y l a n d B B . —R oad —Baltim ore toW illiam sport.M d.,
R eport .-R e p o rt for 1901 was in V. 74, p. 1136.
eto., 93 miles. Leases—Baltim ore A Cumberland V a lley Railroad ana
Tea rs end. Dec. 31.
1901.
1900
1899.
1898.
extension, Edgem ont to Shlppensbnrg, Pa., 34 m ile s ; B altim ore A H ar
Gross earnings.........$3,678,693 $3,490,457 $3,114,192 $2,682,122
risburg Railroad, E m ory G rove, Md., to Orrtanna, Pa., 59 miles, and
Net earnings.............
918,943
934,276
872,240
680,476
branches, 6 m ile s ; western extension, 15 m ile s; Potom ao V a lley RR.,
In 1901 other income, $24,010; interest on funded debt, rentals, W illiam sport to Cherry Run on the B. A O.. 14 miles, and P orters to
taxes, etc.,, $3u6,206; balance for dividends, $638,747. Dividends at York, 17 miles; W ashington A Franklin Ry., H agerstow n, Md., to
5 p. c. on common (and 6 p. c. on special guaranteed) call for $253,- Zumbro, Pa., 19 miles; total, 258 miles main line.
843, leaving $382,904, all of which was transferred to the oxtraorH is t o r y .—I n June, 1902, the Gould interests acquired from the city
dli ary expenditure fu m L -(V . 74, p. 328, 1136.)
o f Baltim ore and others nearly all o f the stook. The road w ill he e x
W e s t S h o r e B B .—( See Map N. T. Central d Hudson River.)—Line tended to tid ew a ter at Baltim ore an t in tim e to the coal fields in
k
Of road from Weehawken, N .J ., opposite New York City, to Buffalo, Western Maryland, W est Va. or Pennsylvania; an extension w ill also
N. Y., with branches, 436 miles; «yr. Ont. & N. Y. RR. (owned), Syra ho built from Cherry Run, W. Va., to Cumberland, Md., 65 miles, at a
cuse to Earlvllle, 43 m.; total, 479 m. Successor in 1885 to the New connection with the W est V a Cent. A Pitts. O f tho la tte r’s stook, 98
York West Shore A Buffalo, foreclosed.
per oont has been acquired and deposited under tho m ortgago o f 1902.
L ease .—Leased in 1885 for 475 years to the New York Central A See B onds below and V. 75, p. 186,79,31; V. 74, p. 938, 989,1091.
Hudson and all earnings, Ac., included In that company’s report. The
St o c k .—T he stockholder! vo ted on Oct. 14, 1902, to Increase the
$10,000,000 of stock is owned by the New York Central Company.
common stock to $60,000,000.
Bo nd s . The bonds cover the line of road, Weehawken to Buffalo,
B o nd s .—T he now 1st 4s of 1992 (authorized Issue $50,000,000)
with branches, 430 miles In all, and also the terminals at WeehawkeD. oover tho entire property of the stock of tho proprietary and leased
Abstract of mort In V. 42, p. 176.—(V. 6 8 , p. 332.)
lines; also 93 p. o. of tho [$ 1 1,000,000] stook of the West Virginia Cen
W e s t V i r g i n i a C e n t r a l 6c P lt t u b u r g I t y .—A railroad and coal tral A Pittsburg and through tho stock or the laltor’s subsidiary com
company in West Virginia In the upper Potom ac region—the Elk Garden pany, the Davis C o k e * Coal Go., 100,094 acres of coal land,-7,000
Coal H eld. Owns road In operation from Junction near Piedmont, acres of Ironoro lau lsaa d o u a l mines producing about 2,000,000 tons
W. Va., to Bellngton, W. V a „ 102 m ile s; Elkins Junction to Huttons- of coal and coke yearly. Of $25,000,000 present Issue, $20,500,000
vllle, 17 miles; branches to Elk Garden, Ac., 13 m iles; total owned
will bo used to purchase of the properties, build terminals In Balti
132 m. Leases Pled. & Cumb. HR., 29 miles; 92 p. o. o f Its stock Is more, reconstruct and equip the Western Maryland and provido for
owned, and new lease o f 1899, provides for Interest on $650,000 5 Improvements, and $4,500,000 as required to build tho 05 mile exton
per cent bonds, 5 per cent on $050,000 stock, etc. V. 69, p. 400.
slon fromOaorry Run, West Va., to Cumberland, Md., to oonuoot tho
E x t e n s io n s , —The Coal A Iron R ailw ay Co., whose entire stock West, Virginia Oent’l and tliei Western Maryland. The remaining $25,1* owned and $ 1 ,000,000 bonds are guaranteed, will be oom- 000,000 Is reserved as foliows. viz.: $7,431,300 to t ike up at inaturlty
leted In 1902 from Elkins, W. Va., to the Forks’ o f the Green I all the existing bonds of the Western Maryland anil tho west Va. Gen.
Tier River, In Pocahontas Co., VV. Va., 45 miles, to a connection A Pitts, and $17,518,700, under oarerul restrictions for ad lltlons and
With a branch o f the d ies . A Ohio from Caldwell, completed In July, development of properly of the two railroad co’s. V. 75, p. 550, H50.
The general second mortgngo authorized October, 1902, secures
1901. Hee V.71, p. 860 and form o f guaranty p. 1 166.
$10,000,000 of 4 per oent 50-year bonds. Interest for the ilrst three
In May, 1902, the Coal A Coke Ry. was Incorporated with $5,0.10,yours being payable only If earned. V. 75, p. 850.
00 O authorized stock to build from a point 10 miles north o f Elkins
w csteily through Randolph and other counties to open up coal prop
A torn ad R ep o r t .—Statement for 1900-1 was In V. 74, p. 677.
ertlcs. V. 74. p. 1251. In A u g , 1902, the B urnsville A Eastern RR.
i e a r end,
Qt o u
aw
In terest,
IH v .o n
B a l.,
was Incorporated to construct a 40 mile connecting line with the L it
Nept. 30.
earnings, earnings, rents, itr. B. if It. pref. surat.
tle Kanawha HR., owned hy the same Interests. V. 7.5, p. 291,443.
1901.................$2,1 10,473 $784,417 $432,834
$8,043
$343,840
070,520
483,037
3,043
234,449
H is t o r y .- Main line completed In 1889. By acquisition of $2,700,- 1900................ 1,823,741
900 capital stock of Davis Coal A Coke Co., the Hallway Co. has
President (July, 1002), WlnslowS. Pierce; Vice-Pros, and (Ion. Mgr.,
acquired about. 50JMW) acres o f excellen t steaming ami coking coal F. 8. Landstreet. Directors. V. 75, p. 850. (V. 75, p. H50, 550.)
and nearly ,00 coke ovens; 107,095 acres o f cool, Iron and timber
W e s t e r n N o w Y o r k 6c I 'e i i i u ) Iv n iiln I I I . —Owns Buffalo to
lands are now owner! ami 1,764 leased, the mines producing about
Emporium, Pa., 1 18 miles; Buffalo to Oil City, Pa., 130 miles; Oil City to
O, 000 tons of coal and 1,0 0 0 tons of ooko dally.
Olean, 110 miles; Rochester to Hinsdale, 00 miles; Htonoboro to Ma-
INVESTORS’ SUPPLEMENT.
14 S
[V ol . LXXV.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n t b e s e T a b le s .
Bonds—P rin c i
R A IL R O A D S .
IN T E R E S T O R D IV ID E N D S .
Miles Date Size, or
pal,When Due,
Amount
of
Par
of
F o r explanation o f column headings, &c., see notes
R ate per When Where Payable, and by Stocks —Last
Road. Bonos Value. Outstanding
on first page o f tables.
Cent. Payable
Whom.
Dividend,
Western N. Y. dt Pen n sy lva n ia —Stock (see te x t)......
586
West. N. Y . & P. 1st M „ ($10,000,000),gold. Me.o* 586
General M., $10,000,000, gold, see t e x t . l ’ n ___o*
586
Incom e bonds, $10,000,000, gold, non -eu m .F Po*
....
M ortgages and ground rents payable..................
'Western N o rth C a ro lin a -See southern R y .
... .
Western P e n n .— Stock, lease re n ta l..........................
Consol. M. ($5,000,000), g.,gu. p.<fei.Pa.RR .PlPo*
138
W heeling < L a k e E r ie —Com. stock, $20,000,000...
6
1st pref. stock, 4 p. c., non-cum , $5,000,000......
2d pref. stock, 4 p. c., non-cum., $12,000,000___
Is tM ., LakeE . D fv.,B o w ersto n to L. E., g . M e..c*
187
50
1st M. W heel’g D iv., $ & £ (2d on 187 m .)g.C e.e*
5
Toledo B elt R a ilw a y 1st m ortgage, gold C e ........
Exten. and Im pr.m ort. ($1,900,000),g o ld .C e ..o ’t 260
1st consol, m ortgage, gold, $15,000,000.M e . . .c* 451
Car trusts, A u g.3 1 ,1901, p a y’ble m o’ly, q r & an.
mm
m.
Equipm ent bonds, $2,500,000, g., s. f., see text. M e
10
W heeiiny T e rm in a l— 1st M., $2,000,000, g., s. f. cA r
W h ile d lb l'k R iv .V a l. lstM .$800,o00,g.,in t.gu .P.o*
67
White Pass < Y u k o n —Stock £1,700,000.................
&
...
112
Consol. 1st mort. deben. stock, red. a fter 1920.
....
M ortgage debentures (n avigation bonds) re d ___
W ich ita F a lls —1st mort., g., red. at 1< 5, s. f.SSt.o.
18
Wien. V a l.— IstM .,in. red. to 3% to July,’02g. M e o '& r
51
W ilkesbarre <- E astern—See N. Y . S osq. & W est .
£
W ilkesbarre < S cra n ton — Stock, 5 per cent ren tal..
6
5
5
F irst m ortgage gold, guar. p.&i. b y L. C. & N. Co.
47
W illia m s p o rt < N o. B r . —1st M., $760,000 g . P P . o *
6
W ilm . O olum . < A u g .— See A tlantic Coast L ine CO. OF
6
W illm a r < S io u x F a lls —See G reat N orthern .
£
1887
1895
1895
....
1888
1886
1888
1888
1889
1899
1902
1900
1900
....
1900
1901
1895
1890
....
1888
1901
s. c.
$50 $20,000,000
9,990,000
1,000
1,000
10,000,000
1,000
10,000,000
317,199
50
1,000
100
100
100
1,000
1,000
1,000
1,000
1,000
1,775,000
4.000. 000
20,000,000
4,986,900
11,993,500
2.000. 000
894,000
66,000
368,000
11,130,000
899,336
1,000
2,5o0,000
1,000
1,500,000
1,000
600,000
£10 £1,375.000 See
£10, &C
£750,000
£100
£255,555
$500
$230,000
1,000
769,000
50
1,000
1,000
500,000
500,000
530,000
5 g- J. & J. N. Y ., Continental Tr.
do
do
4 g- A. & O.
5
N ov. 1. Office—When earned.
Jan. 1, 1937
Apr. 1, 1943
Apr. 1, 1943
A. & O.
Philadelphia, Pa.
6
Oct .15,’02,3%
4 g. J. & D. Phila. .Broad St. Station June 1, 192$
5
5
5
5
4
g.
g.
gg.
g-
5 g.
4 g5 gtext.
5
6
6 g.
3 (5)
A.
J.
M.
F.
M.
&
&
&
&
&
O. N . Y ., M ercantile Trust
J. N. Y ., Central Trust.
S.
do
do
A.
do
do
S. N. Y . , M ercantile Trust
J. & J.
F. < A.
fc
J. & J.
See te x t
J. A J.
J. & J.
J. & J.
J. & J.
N. Y , Merc. Trust Co.
Office, Pittsburg.
N. Y ., First N a t’l Bank.
Offi., 7 M argate S t , Lon.
do
St. Louis, Mo.
N .Y. M ercantile Trust.
Oot. 1, 1926
July 1, 1928
Mar., 1903
Feb. 1, 1930
Sept 1, 1949
To A p ril, 1911
Jan. 1, 1922
A u g 1, 1940
June 30, 1980
Dec., ’01, 5%
Deo. 31, 1930
Jan. 1, 1911
Jan. 1, 1925
July 1, 1940
Dec. 31 Phila., 108 So. 4th St. Dec.31,’01,5%
5
do
do
4*sg. M. & N.
M ay 1, 1938
4*ag. J. & J. Phila., F id elity Tr. Co. July 1, 1931
* O f which $266,000 in treasury June 30,1901.
honingtow n 38 m ile s; branches, including proprietary lines, 85 miles;
to ta l owned, 586 miles; leases, 45 miles.
Organization .—Reorganization March 18,1895 (per plan in Su pp l e
m ent o f January, 1895), o f the R a ilro a d , foreclosed Feb. 5,1895.
In 1900, the Pennsylvania RR. purchased $19,402,686 o f the stock
at $9 per share. $9,123,576 income bonds at $300 per nond, and
on Aug 1, IP 00, took the road o ver under lease, together with
the A llegh en y V a lle y RR. V. 71, p. 31, 85. V. 70, p. 843,1096, 1150.
B onds .—Abstract o f W estern N. Y . & Pa. 1st m ortgage in V. 47, p.
109. The gen era l m ortga g e carried interest t ill A p ril 1,1897, at 2 per
cent, then till 1901 at 3 per cent and now at 4 per cent. On June
30, 1901, $395,000 incom e bonds w ere in the treasury.
A n n u a l R eport .—R ep ort fo r 1900-01 was given in V. 74, p. 149.
Years e n d in g J u n e 30.
1901.
1900.
Gross earnings.................
$4,075,089 $3,813,713
429,122
914,441
N etearn in gs..........................................................
Other incom e............................
7,091
24,265
N e t incom e......... ...........................................
In terest oharges on 1st m ortgages.....................
In t. on gen. mtg. (see a b o v e ).............................
Ta xes................................................
In t. on real est. and equip, notes......................
Miscellaneous and ex tra o rd in a ry ....................
$436,213
$499,500
323,807
90,336
22,069
88,497
Equipment bonds o f 1902 m a y b e purchased at not e x ceed in gl0 5 and
interest or drawn b y lo t at 108 and interest .or the sinking fund m ay
be applied to the purchase o f additional equipmenti to the fo llow in g
amounts: $75,000 fo r 4 years, beginning Jan. 1, 1903, then $100,000,
$125,000, *150,000 and $175,000 yea rly fo r each successive period o f
4 years to date o f m aturity. V. 74, p. 578.
L atest E arn ’s.—11 m o s.) 1901-2..Gross, $3,206,391; net, $870,377
Ju ly 1 to M ay 31.
) 1900-1..Gross, 2,702,625; net, 808,690
R eport .—R ep ort fo r the year ending June 30, 1901, was in V. 73, p.
1058. In 1900-1, o f 4,285,310 tons o f freigh t carried, products o f
mines furnished 60 37 p er oeDt (bituminous coal, 42-14 per cent);
manufactures, 22-56 per cent; products o f agriculture, 6-65 per cent;
lumber, 4-01 per cent; balance, miscellaneous.
Y ea r—
Gross.
Net.
Oth. in c . I n i , tax., etc. Bat., su r.
1900-1901 ...$2,954,105 $877,591 $44,058 $774,697
$146,952
1899-1900... 2,670,024 765,031
40,070
598,867
206,234
Officers .—Chairman o f B oard, MyronT. Herrick; President, Joseph
Ram sey Jr.; V.-P., A . W. Krecli; Treasurer, H. B. Henson, N ew
York; Sec’y, J. H . Dowland, Cleveland. Offices, Cleveland, O.
$938,705
$499,500
Directors George J. Gou d, Edwin Gould, Cyrus J. Lawrence, Winslow S294,037 Pierce, Alvm — Krech and W. E. Connor of New ' ork; Joseph Ramsey Jr.
W.
107,190 of St. Lou s; Myr- n T Herrick, George A Garretson, E. W Oglebny. H. P,
20,148 McIntosh, Robert Bllckensderfer, Dan. R. Hanna and William G. Mather of
Cleveland, and C. M, Spitzer of Toledo, O. V. 75, p. 44
3
.......
Balance, surplus................................................,df.$587,995
$17,830
- ( V . 72, p. 138; V 74, p. 1 4 9 ; V. 75, p. 550.)
W e s t e r n P e n n s y l v a n i a R R . —Owns from B o liva r to Butler, 71
miles, and B utler Junction to A llegh en y City, 28 miles, double track;
branches, 39 m.; total, 138 miles. N e w lease o f Jan. 1,1897, to Penn
sylvania R R. in place o f lease o f 1888 provides fo r fixed rental insur
ing 6 per cent dividends per an. E arnings .—In 1901 rental,$300,358;
expenses and taxes, $33,859; interest, $160,000; balance, $106,500,
being 6 p. e. dividend. Penn. R R . owns the $1,775,000 stock.
W h e e l i n g T e r m i n a l R a i l w a y . —Owns a ra ilw a y bridge at
W heeling, W. Va., completed in 1891, and about 10 miles o f term inal
track, connecting various RRs. A reorganization o f the W heeling
B ridge & Term inal R y., purchased at foreclosure sale on M ay 27,
1900, in the interest o f the Pen n sylvan ia RR. St o c k .—$2,000,000,
a ll outstanding; par $100. O f the bonds *500,00n are reserved fo r
additions and im provem ents; m ortgage trustee, Com m ercial Trust
Co. o f Phila. F or year ending Dec. 31, 1901, gross, $197,368; net,
$118,511; int., $60,000; rentals, $51,070; bal., sur., $7,441. Pres.,
E dw ard B. Taylor; See., 8. B. L ig g e tt.— (V. 70, p. 1096, 1197, 1292.)
W h e e l i n g & h a k e E r i e R R . —(Nee M a p o f Wabash R R .) Includes:
\Fj 1po
L in e s owned .—
M iles.
Toledo,O .. to M artin’ s F e r r y ...218 Cleveland B elt .......................
6
Cleveland to Zanesville, O ......144 Branches ow ned...... ................ 44
Canton to Sherrodsville........... 45 Branch leased..... .....................
8
Toledo B e lt L in e ....................... 4
Total. ........................................ J.................................................. 469
A line is under construction from Jew ett, O., to Steubenville, 60
miles, under charter o f Pittsbu rg Carnegie & Western Ry., whence
trackage rights have been secured o ver an existing line to Pitts
burg. V. 72, p. 874,1189; V. 73, p. 186;V. 74, p. 578. The stockhold
ers voted M ay 7, 1902, to purchase or lease the Chagrin F alls & Lake
E rie R R . or aid in the construction o f its road. V. 74, p. 885.
H istory .—Successor M ay 1, 1899, per plan in V. 66, p. 1142, of W.&
L. E. R a ilw a y , sold In Feb., under foreclosure o f consol, m ortgage,
subject to underlying 1st mortgages. V. 68, p. 830. In A p ril, 1901,
a syndicate controlled by the Gould interests acquired oontrol,through
purchase o f th - com m on stock in the open m arket, and the road w ill
,
be allied w ith the Wabash, although operated as a separate property.
V. 72, p 723, 776, 874.
The Zanesville B elt & Term inal Ry. was taken o ver Jan. 1 1902. V.
74, p. 207. The W. & L. E. R R . owns m ajority o f the stock o f the Pitts.
W heeling & Lake Erie Coal Co., leased in 1901 fo r ten years to other
parties. V. 70, p. 799, 741
In Deo., 1901, the Zan esville M a rietta & Parkersburg R R . was in
corporated to build an 80-mile line from Zanesville, O., to Parkers
burg, the northern terminus o f the L ittle Kanawha RR., owned by the
same interests, the Parkersburg B ridge & Term inal R R , w ith $100,000 stooki being organized to bridge the Ohio R iver. V. 75, p. 443.
Stock .—In March, 1901, $400,000 second preferred issued on account
o f purohase o f Coshocton & Southern R R and $60o,000, together w ith
$1,000,000 common stock, to be used in constructing extension from
Adena. O.. to B ellaire and M artin’s Ferry, 26 miles; in Mar., 1902,
$847,500 first pref. and $423,800 second pref. fo r additions and im
provements.
B o n d s .—The m ortgage o f 1899 seoures $15,000,000 gold 4s, o f which
$3,328,000 are reserved to retire at m aturity a ll underlying bonds.
V. 68, p, 1027; V. 69, p. 29. They are a first lien on 202 H miles and
u
cover 248*2 miles additional, subject to the outstanding divisional
bonds. V. 74, p. 1040. Under the consol, m ortgage, all underly
in g bonds, as exchanged, must be canceled. (V. 71, p. 391; V. 70,
p. 896, 998.) See application to list new securities V. 71, p. 34, 542.
E a rly In 1901 $1,529,000 first consols w ere Issued, m ostly fo r Im
provem ents, and In 1902 $900,000. V. 72, p. 534, 628; V. 74, p. 1040.
W h i t e & R l a c k R i v e r V a l l e y R R . —B rin k ley to Jaeksonport,
Ark., 67 m iles Leased fo r 80 years from July 1, 1900, to the Choctaw
Oklahoma A G u lf RR. for guaranty o f interest, indorsed on hinds.
Stock authorized, $1,875,000; paid in, $323,000. Of the $600,000
bondsoutstanding,$l00,0o01iavecoupons c u to ff fo rth e first ten years
and $200,000 are reserved fo r extension to B atesville.—(V. 72, p. 189.;
W h i t e P a s s «fc Y u k o n R y . —To own a narrow-gauge lin e 312
miles in length, extending from Skaguay Harbor, Alaska, to F o rt Sel
kirk, on the Yukon. A lso projected from F o rt Selkirk, 125 or 150
miles, to Dawson, and to A tlin gold fields, etc. O f this, Skaguay to
Lake Bennett, at the head o f navigatiou on the Yukon R y., 43 miles,
com pleted in July, 1899, and 71 miles from Bennett to W hite Horse
opened Aug. 15, 1900. V. 69, p. 335; V. 67, p. 1162, 1138.
In
Feb., 1901,purchased control o f the Canadian D evelopm ent Co., oper
ating steamers on Lake B ennett and the Yukon R iv e r between W hite
H orse and Dawson City. V. 72 p. 392; V. 73, p. 443.
Organization .—In corporated under English Companies Act.
Securities .—Capital stock authorized, £1,700,000 as inoreased in
Mar., 1901. O f the £700,000 n ew stock, £255,555 w ill be reserved
to retire a like amount o f debentures issued to the Canadian D evelop
m ent Co. in paym ent o f their fleet, good-will, eto. V. 72, p. 582 These
debentures are a first charge on the fleet and a second charge on the
securities o f the local ra ilw a y companies. V. 74, p. 479.
The consolidated 1st m ortgage 5 p. o. debenture stock o f 1900 is
a £750,000 issue, secured by a first m ortgage on the £ '5 2 ,2 2 3 bonds
and the en tire stock o f the loca l companies ow n in g the railw ay. I t
was created to convert into one security all the £469,830 old debent
ure stock, to provide oash to pay fo r the seoond portion of the ra ilw a y
and fo r capital purposes.
D iv id e n d s .—F irst cash dividend o f 5 per cent paid Mar. 22,1901,
and also in August a 25 per cent stock dividend, the tw o together rep
resenting the profits o f the first three years to June 30,1901, and
5 per cent was paid in Dee., 1901. V. 73, p. 392.
R eport fo r year ending June 30,1901, was in V. 73, p. 443, showing
net profit above interest on debentures and debenture stock, £261,058;
brought forw ard from last year, £83,315; total, £344,373; dividend
(5 p. o.) paid Mar. 22,1901, £55,000; stock dividend (25 p. o.), repre
senting earnings used for im provem ents, £275,000; bal., sur.. £14,373.
Pres., 8. H. Graves, 1016 Chamber o f Commerce Building, Chicago,
111.; Seo., F. C. E llio tt, Treas., John W. Probert.—(Y , 74, p. 479.)
W h i t e R i v e r V a l l e y R R . —(V. 75, p. 395.)
W i c h i t a F a l l s R y . —H enrietta, Tex., to W ichita Falls, IS miles.
Operated o\ Missouri Kansas & Texas Ry. under contract extending
to Jan 1,1930. Stock, $20,000. Sinking fund o f $2,500 is payable
Jan. 1 yea rly to trustee under m ortgage.
F o r 6 mos. ending Dec. 31, 1900. gross, $37,401; net, $20,944; int.
and sinking fund, $9,580; dividends, $11,364. Y e a r ending June 30,
1900, gross. $46,363; net, $35,016; int. and sinking fund, $L6,765;
dividends, $18,251. - ( V . 73, p. 1161; V. 71, p. 865.)
W l e h l t a V a l l e y . —Owns from W iohita Falls to 8eymour, Tex., 51
m iles; com pleted in Sept., 1890. Stock, $6,000,000; outstanding,
$1,020,000; par, $100. In 1897 interest was scaled to 3 per cent to
J u ly 1,1902, inclusive. Land and income notes (6s), $123,617. V. 67,
p. 224. Y e a r 1901, gross,$75,878; net, $42,976; charges,$33,914; bal.,
sur. $9,062.
W i l k e s b a r r e & S c r a n t o n R y . — (See M a p C en tra l R R . o f N . J . ) —
Owns from Soranton to Minooka Junotlon, Pa., 5 miles, o f which l * t
miles is double traok. Leased from M ay 1,1888, to Lehigh Coal. & Nav.
Co. (see “ Miscellaneous Companies ” ) during corporate existenoe
less one year, at $47,500 per annum and taxes. Lease assigned to
Central o f N. J. at 6 per cent on oost o f road ($1,088,000) ana taxes.
Lehigh Coal & N av. Co. holds all the stock.
October
KAJLKOAD STOCKS AND BONDS,
1902, |
149
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t b e s e T a b le s .
Bonds—P rin ci
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, or
pal,When Due.
Am ount
of
of
Par
R ate P er When Where Payable, and by Stocks— Last
For explanation o f column headings, Ao., see notes
Road. Bonds Value. Outstanding
Payable
Cent.
Whom.
on first page o f tables.
Dividends.
R A IL R O A D S .
88
88
G eneral M., $1,000,000, g, p.A i. gu., end. P e P . r
Car trust certs., due $8,000 yearly. V. 66, p. 950 . . . .
W ilm in g to n dt W eldon ---- See A tlantic Coast L in E R R.
1’03
W inona B rid g e —1st M., gold, s .f .,r ’d. a t l i o . p ......
Wiscas. Waterv. dt h a rm . —1st M., $1,000,000, re....
deemable after lO years at 105.......................o*
W isconsin C en tra l R a ilw a y —
W Umina. dt N o r t h — 1st M., call in 1907, int. guar, .r
1st gen. M., gold $27,000,000 TJs....................c*
Minn. Ter. M., g., subj. to call at 105 after 1910.
Marsh A 8 E.div. Is tM ., g., subj. to call at 105. I s
Equipm ent trusts, due $60,000 y e a r ly .M p ........
U n d e r lyin g Securities
not
E xchanged .
Chic.Wisconsin A Minn. 1st H ., gold, assumed.^
M ilw . A Lake W in. 1st mort., gold, assumed...o*
Wis. Cent. R R . con. M., 1st series, gold, ass’ d.c<fcr
W isconsin dt M ic h . —1st M., g., $15,000 p. m ......... A
W is e.M in n , d P a c ific — Is tM . (se e te x t), gold .M e.c*
Woonsocket dt Base.— 1st M., int. gu. City o f W oon.c
Worcester N ashua dt Rochester- Stock ($3,600,000)..
W or.ANas. [ Wor. Nashua A Roch. R R . bonds...o*
Is t M . o f J
do
do
do ......
79 secures!
do
do
do ...c *
all equally. (.
do
do
do ......
A ll
1887
1892
1897
$500
1,000
1,000
$354,000
406,000
36,000
1890
1,000
384,000
5 g
531,800
5 g. J. A J. Plnla., R ea l Estate Tr.
1901 100 Ao.
100
100
1,000
1,000
1,000
....
33
....
1899
1900
1901
1902
122
66
416
54
246
9
94
47
47
47
47
1885
1,000
1882
1,000
1879 500 Ac.
1895
1,000
1500
1,000
1890
1,000
....
100
1886
1,000
1893
1,000
1890
1,000
1895
1,000
W i l l i a m s p o r t < c N o r t h B r a n c h R R . —H a ll’ s to Satterfeld, Pa.,
S
and br., 45 miles; leases Eagles M ere R R ., 8 miles; total, 53 miles.
Stock (authorized, $2,000,000) common, $925,362; preferred, $400,000; par $50. The 4Hs of 1901 cover the road and 3,000 acres of
eoal lands in Sullivan Co., Pa., $250,000 being reserved fo r exten
sions. The old 5s w ere canceled. V. 72, p. 990, 1280.
E a r n in g s . - 2 mos., >19' 2 ................... Gross, $35,623; net, $16,419
July 1 1o Aug. 30. ) 1901.....................Gross. 29. 17; net, 12,389
8urplus o ver 2 mos. charges, $11,611 in 1902, ag’st $7,805 in 190!.
Y ear ending June 30, 1902, gross, $132,437; net, $49,279; interest,
$34,605; balance, surplus $14,673. In 1900 01, gross, $115,278;
net, $39,576 President, B. H. Welch, H ughesville, Pa.; Sec and Treas.,
H. C. Adams, N. Y . - ( V . 71, p. 603; Y. 72, p. 676, 990, 1281.)
W i l . CoJ. Ac A u g . R R . —See A tla n tic Coast Lin e R R . o f S. C.
W i l m i n g t o n <fc N o r t h e r n R R . —Owns W ilm ington, Del., to
Highs Junction, Pa., 71 m iles; branches, 17 m iles; tota l owned, 88
m iles; trackage to Reading, Pa., etc., 4 miles. G eneral mort. bonds are
reserved to retire first m ort at m aturity. Stock authorized, $1,500,000;
outstanding, $1,278,050; par, $50. The R eadin g Company owns prac
tically the entire capital stock, which is deposited under its collati-ral
trust m ortgage, and leasee the road fo r 999 years from Feb. 1,1900,
for interest on $750,000 bonds and 3 % p c. div. on stock, payable
quarterly (Q-F-15). V 70, p. 127, 998; V. 71, p.758. No report since
1898, in V. 63, p. 1021. (V. 72, p. 340.)
W i l m i n g t o n Ac W e l d o n R R . —See A tla n tic Coast Line RR.
W i n o n a B r i d g e R a i l w a y . —Owns bridge between W inona,
Minn., and Buffalo, W is., 1’03 m ile, opened Sept. 1, 1891. Leased to
Winona A W estern, Green B ay W inona A St. Paul and Chicago
Burl. A No. fo r 30 years. Stock .—$400,000; par, $100. Y ear ending
June 30, 1901, gross, $20,152; net $16,550; charges, $19,604; bal.,
del., $3,054. In 1899-00, gross, $21,887; net, $17,150.
W i n o n a Ac W e s t e r n R y . —On Sept. 12,1901, sold to Wisconsin
Minnesota A Pacific R y .—V. 73, p. 617.
W is c ^ s w ft W a t e r v l l l e <fc F a r m i u g t o n R R . — Wiscasset, Me.,
to Albion, 43tg mites (2-foot gauge); also p a rtia lly constructed from
Weeks M ils west to Farm m g'on, etc., Me , about 501miles, o f which
1* miles to W inslow are in operation.
A consolidation in 1901 under special act o f the M aine Legislatu re
of the Wiscasset & Quebec RR. (see V. 71, p. 603; V. 69, p. 233; V. 66,
p. 185), W aterville A Wiscasset RR. and Franxlin Somerset A Kenne
bec Ry.—V. 73, p 392. Sto< k authorized, $1,000,0 0; par o f shares,
$100. The Real Estate Trust Co. of Philadelphia is m ortgage trustee.
President, Leonard A tw ood, B u llitt Bldg., Phila., Pa.; Treas., J. H.
Gould.—(V. p. 73, p. 392 )
W i s c o n s in C e n t r a l R a i l w a y . —(See M a p )—S y s t e m extends
from Chicago to Ashland, Wis., and Lake Superior iron mines, also to
8t,Paul and Minneapolis. By the extension to M anitow oc and the car
ferry across Lake M ichigan, connects with the Pere M arquette and has
a short line to the East. V. 63, p. 117. The system includes:
L in es owned.—
Miles.
Line# waned.—
Miles.
Chic, to Trou t Brook Jet.. W is.452 Other branches........................ 49
Abbottsford to Ashland, Wis.. .133 trackage to Chic., Minn., etc.. 32
Branch to Bessemer................. 34
Rugby to M ilwaukee, e tc ___ 28
Stevens Point to Portage C ity. 71
Spurs to industries (65 miles
Neenah to.Man)towoc(14 jn tly ) 44
unoperated)........................167
Marshfield to N ekoosa.........
33
Grand total (Inch spins operated 102 miles and unop. 65 m ). . . 1.043
Organization .—Successor July 18, 1899, o f Wisconsin Centra)
r o. after foreclosure per plan V. 68, p. 725; has acquired by deed all
the leased lines. V. 6 •, p. 29,83,133,182. See application In fu ll to list
securities. V. 70, n. 483.
Stock —V o t i n g t r u s t .—Both classes o f stock are vested In the vo t
ing trustees, tiersM L. Hoyt, John Crosby Brown, W illiam 1.. Bull,
Fred. T. Gates and Francis R. Hart, for five years. Th e votin g trustees
may however, deliver the stock at any earlier date. A fte r 4 per cent
dividends on both common and preferred shall have, been paid in any
year both shall participate equally in any further dividends for such
year. A fter the termination of the voting trust the preferred is to
nave the right to elect a m ajority o f the directors w henever for tw o
siiicemi ve. years dividends upon the preferred at the ra te o f 4 per cent
per annum shall nor. have been paid in cash.
Homos The new 1st gen. gold 4a ($27,000,000 authorized; arc
secured by a m ortgage upon all the lines o f railw ay, torminals, equip
merit and other property acquired thereby, and also by deposit or all
securities owned nr acquired under the plan; In July, 1001, $2,245,000
were reserved to retire underlying bonds still outstanding, arid about
$116,000 remained available for betterments, purchase o f equip
ment, etc, In M ar, 1800. made a purchase money m ortgage on Min
■eapOHs terminals to Minneapolis Tru st Co., as trustee, to secure
$500,000 of 3 1 per cent bonds, and In May, 150 i , on the Marshfield A
*5
Bontheaetero Ry,, Marshfield to Nekoosa, 33 miles, V. 70, p 806; V.
72. p. 537, 1015, V. 73, p. 851.
The three series of underlying bonds (see table above) w ere assumed
In Apr., 1902, V. 75. p, 734.
O r k k r a i . Fifr *s(:KS. -T h e reorganization provided $5,000,257 for
ne w equipment, Improvements, expense* o f the reorganization, etc. in
M a r.,loo t, $908,000 additional first consols. Issued for improvements,
were listed, making total outstanding $24,035,000, V.72, p. 02H.
16,168,800
l l ', 267',200
24,635,000
500,000
445,000
600,000
5
J. A D. Phila., R ead’g Term ’l.
do
do
5 g.
Q F.
.
5
Q —F. F irst N. Bk., W ilm .,D el.
4 g3*sg.
4 g.
5
1907-1927
Aug. 1, 1938
1902-1906
M. A S. N. Y ., J. W alk er & Son. Sept. 1,1915
J.
J.
M.
J.
A
A
A
A
J.
J.
N.
N e w Y ork ,
J. ) M aitland, Coppell
M.
J.
J.
J.
A.
A.
J.
J.
J.
J.
A.
A S.
A J.
A J.
J.
See T ex t.
A o. C. G.W.off., N .Y .A S t.P .
A o. R. I. Hos. Tr. Co.. P rov.
A J. Bos., A m .Loan A Tr.C o.
do
do
A J.
A J.
do
do
& J.
do
do
& o.
do
do
July 1, 1931
July 1, 1949
Jan. 1, 1950
M ay 1, 1951
Ju ly 1, ’ 03-12
& Co.
776,000
604,000
660,500
951,000
3,960,000
100,000
3,099,800
150,000
511,000
735,000
380,000
6
6 g.
5 g.
5 g.
4 g.
5
5 i n ’02
4
4
4
4
Meh. 1, 1916
Ju ly 1, 1912
Jan. 1, 1909
Jan. 1, 1945
Oct. 1, 1950
Oct. 1, 1910
July 1, ’02, 2*2
July 1, 1906
Jan. 1, 1913
Jan. 1, 1930
Oct. 1, 1934
Earnings .—F o r 2 months ending Aug. 31:
2 m os .—
Gross.
N et.
Oth. in c . In tere st, etc. B a l., s u r
$5,961
$295,100
$160,741
1902............. $1,141,935 $449,880
1901
........ 1,077,629 419,104
680
281,585
137,lb 9
R e p o k t .—R ep ort fo r year ending June 30, 1902. at length, w as in
V. 7 5, p. 727, 741; see also edit., p 707. O f the total freig h t traffic in
1900-1 (3,437,902 t ns) 27’07 p. c. was iron ore and 26 83 per cent
lum ber and forest products. Iro n ore contributed 9*67 per cent o f
the ton miles hauled and 8‘57 p er cent o f the freigh t earnings. A vera g e
ra te per ton m ile in 1901-2, 7’09 mills, against 9 '7 i m ills in 1893-4.
1901-2.
1900-01.
1899-00.
Gross earnings................ ............. $6,041,470 $5,324,274 $5,637,416
O perating expenses........................ 3,883,374 3.446,463 3,580,936
N e t earnings. .......................... $2,158,096 $1,857,811 $2,056,480
T o ta l n et in com e............................. $2,195,173 $1,882,574 $2,064,758
F ix ed char., taxes, e tc .................... 1,715,068 1,636,455 1,571,843
$480,105
$246,119
$492,915
Sur. fo r the 12 mos. o f ....................
D irectors .—John Oroshy Brown, W illiam L. Bull, James C. Colgate,
Fred T. Gates, Gerald L. H oyt, E. W. Sheldon and Joseph S Dale,
N e w Y ork ; Francis R. H art, Boston; H en ry F.W hitcom b and H ow a rd
M orris o f Milwaukee; W illiam F. Vilas, Madison, Wis
Officers . -Chairm an o f the Board, Win. L. Bidl; President, H en ry
F W hitcom b, Milwaukee; Com ptroller and Auditor, R obert Toombs,
M ilwaukee; Treasurer, W illiam R. Hancock. Milwaukee; Secretary,
Chas. M. Morris, Milwaukee; Asst. Seey., Joseph 8. Dale, N e w York.
N. Y . Office, 24 Exchange P lace.— (V. 75, p. 7 2 7 , 732, 7 4 1 .)
W i s c o n s i n <fc M i c h i g a n R y . —Owns from Faithorn Junc
tion, Mich., on Minneapolis St. Paul A Sault Ste. M arie R ailw ay, to
Peshtigo, W ise.,49 miles, w ith branch, 5 miles. Opened fo r traffic Jan.
1.1895. From P eshtigo cars are taken by Lake M ichigan Car F e rry
Transportation Co. to Chicago. Stock authorized and issued, $951,500; par value, $100; equipment trusts (June 30, 1898), $118,526;
other unfunded debt, $308,028. In Jan., 1901, tw o coupons, it w as
stated, w ere in default. A plan to scale the rate o f interest had been
proposed, but no result had been reached in Julv, 1901. In 1899-00,
gross, $115,287; net, $8,133; charges, $48,443. PrCs., C. H .B osw orth ,
Chicago.—(V. 66, p. 185.)
W i s c o n s i n M i n n e s o t ’ Ac P a c i f ic R R . — Red W ing, Minn., to
Mankato, 95-7 miles; Red W ing to Zumbrota, Minn., 25 m.; branch to
Clay Banks, 3 m.; W inona, Minn., to Osage. Ia., 115 m.; Simpson,
Minn., to Rochester, Minn., 7-5 m.; total, 246-2 miles. The above m ile
age includes the Duluth. Red W ing A Southern Ry., 28 miles, purchased
■July 1,1901, and the W inona A Western Ry., 115m iles,acqu ired Sept.
12, 3901, a 30-mile connecting line from Zum brota to R ochester to
he completeil in the F a ll o f 1902. Stook, $4,060,000, all owned by
the Chicago Great W estern Ry., which company operates the road as a
part o f its system under an agreem ent dated A pr. 1,1901, running for
100 years, provid in g that all net earnings above interest on bonds
shall go to the G reat Western, the accounts o f this road to be kept
separately. V. 73, p. 566.
R e p o r t .—F or the year ending June 30, 1902, the earnings o f the
W inona & W estern, 115 miles, being included from Sept. 12, 1901,
only, were: Gross, $173,411; net, *205,351; interest, $143,400; rentals,
etc., $869; bal., sur., $61,032.— (V. 73, p. 844 )
W o r c e s t e r N a s h u a . Ac R o c h e s t e r R R . —Owns from W orcester
via Nashua to Rochester, 94 miles. Leased fo r 50 years from Jan. 1,
1886, to the Boston A Maine; rental $250,000 and taxes.
D i v i d e n d s - > 1887-93 ’ 94 ’ 95 ’90 ’ 97 ’98 '99 ’00 ’ 01
1902.
Per cent......... ] 6 yearly
5
5 5
5 5M 4>a 4 5% 5
Total profit, and loss deficit J une 30,1901, $846,796. Current lia b ili
ties July X, 1901, $70,000.—(V. 60, p. 749; V. 71, p. 1271.)
W r l g h t u v I I I e Ac T e a n l l l e R R , —Tem dlle, Ga., to H a w k ln sville
76 miles, o f which Dublin to H aw klnsville, (ia ., 40 miles, was form er
Oconee & Western RR,, merged Fob. 1,1899. V. 69, p. 189. Stock,
common, $230,000; preferred, $70,000. Par o f shares $25. Cent, of
Ga. Ry. owns all the preferred and #104,300 o f the common stock.
Dividends (J.AJ.) w ere paid on both st ocks at rate o f 7 p, o.; 1900, Jan.,
8 p. e.: June 20, 1900, 4 p. o.; Deo. 2l,3>s p. o.; 1901, June 22, 3 p. o.;
Dec., 3 ii. o.; 1902, July 1,3 p. o. For year to June 30, 1902, gross,
$143,495; net. $48,6 20 ; taxes and Imn’ tB, $ 11,763; div., $18,000; bal.,
#1 8,857. Pres., A. F. Daly, TonnlUe, Ga —(V. 68, p. 189./
Y o r k .S o u th e r n I I I t . —Hoc Maryland A Pennsylvania UR.
n c ia r llle M a r i e t t a A P a r k c r u l n i r g U R . V. 75. p 443,
IC a n oM vIlIe A O h i o R i v e r R y . —See Ohio A L ittle K an aw h a Ry.
Zun< « v l l l e a W e s t e r n R y . —Organized in October, 1902, to
succeed to the southern portion o f the < olumbus Hand islty < Hooking
fe
Railroad, foreclosed (V 75, p, 793). The line to bo taken o ver ox tends
from Columbus to Zanesville, Shawnee, etc., about 101 miles, Incliid
I me several see I loon operated under trackage right.", an from Alum
Creek to Thurston, 24 miles, (T. A 0 C. Ry,) and from Mine, 21 miles,
to * Monster, 15 miles, (Kanaw ha A Michigan) Capital stook author
ized, #2,500,000, of which It Is understood a m ajority will he owned
by or In the interest, /if the Hooking V alley Ry, A bond Issue for
$2,000,000 Is proposed. Hoe Oi iu o m c i .e of Get. 25. 1902.
rf
A
es t o
r in g
\
sh o re
mpioD*"'
Kolilinscr'i
sidna"' \ £
Waters meet
Repug . '
MISCELLANEOUS
COMPANIES.
The follow ing pages (Nos. 151 to 168 contain the leading industrial companies. Some additional statements w ill be
found on pages 169 to 174, while various gas companies are on page 175. and an index to still other industrials is on page 174.
BonYs—Princi
IN T E R E S T O R D IV ID E N D S .
pal,When Due.
D ate Size, or
Am ount
When
of
Slocks— Last
Par
F or explanation o f column headings, &o., see notes on
Outstanding R ate Per Payable W here Payable, and by
Cent.
Whom.
Dividend.
Bonds Value.
first page o f tables.
M ISC E LLA N E O U S .
A d a m s Express — 8tock.........................................................
Collateral trust m ortgage, gold. M e ...............................
A llis -C h a lm e rs — Common stock, $25,000,000..................
Pref., 7%, cum. (as to assets < div.), $25,000,000, text.
fc
A m a lga m a ted Ooppei— Stock, $155,000,000..................
A m e r. A g ric u l. C h em ica l Co. — Stock, com., $20,000,000.
Pref. 6 p. ot. cum. (as to assets and div.) $20,000,000..
A m e ric a n A lk a li— Stock, common, $24,000,000 ..................
Pref., 6 p. c.,cum. See tex t, (m ostly $10 paid i n ) ____
A m e ric a n B a n k Note — Stock (no bonds)..................... ........
A m e ric a n Beet S u g a r — Common stock, $15,000,000 .........
Preferred stock, 6 p er cent, non-cum., $5,000,000 ...........
A m e r. B e ll Telephone— 8ee Am er. Teleph. & Telegraph Co.
A m e r i . i n .n . J i r c . j r i . e —Prp.f. stock, 7 p . a .n n m
Sinking fund debentures, gold (Y . 69, p. 696 ).TJsm .ox
A m e ric a n C a n — Stock (half is 7 p. o. cum., p r e f)..............
A m e ric a n O ar <f: F o u n d ry — Common stock, $30,000,000.
P referred stock, 7 per cent, non-cum., $30,000,000___
A m e ric a n C h icle— Stock, common, $6,000,000.................
Preferred, 6p, o. cum., $3,000,000..................................
A m e ric a n Cotton — Stock, common, $4,000,000............
Preferred stock. 8 per cent, cum., $3,000,000...............
Debentures, $2,000,000, gold, red. at 105.O e ............ c
A m e ric a n Oottori Oil — Common stock, $20,2 57,100.........
Pref. stock 6% non-cum., sub. call at 105. $14,562,300.
Debentures, extended in 1900 (V. 71, p. 237, i0 1 0 )..e *
A m e ric a n r H ^ t r i cl T elegra ph — Stock, $4.000.000......
$100 $12,000,000 8 in 1901 J. & D.
1898 500 &c. 12,000,000
4 g. M. & S.
100
20,000,000
100
16,250,000 See te x t Q .- F .
100 153,888,000 See text. Quar.
—
100
16,715,600
17,153,000 6 in 1902 A . & O.
—
100
24,000,000
50
2,4 00,000
Q .-M .
3.600.000
6
50
100
15,000,000
4,000,000
—
100
6
Q .- J .
1899
. . . .
. . . .
. . . .
1902
....
1890
—
100
1,000
100
100
100
100
100
100
100
1,000
100
100
1,000
100
9,294,900
9.500.000
5 g82,466,600
30,000,000 2 in 1902
30,000,000
7
6.000,000 See text.
3.000. 000 in 1902
6
4.000. 000
8
3.000. 000 in i9 0 0
2,000,000
6 g20,237,100 2 in 1901
10,198,600 6 in 1901
3,000,000
4^ g
3,844,"00
in ’01
M. &
8.
N ew Y o rk , 59 B roadw ’ y June 2,’02, 4%
N. Y ., Mere. Trust Co. Mch. 1, 1948
N. Y ., Br.-Exch Bldg. A u g. 1 ,’ 02, 1%
Nov. 24, ’02, *2
Checks mailed.
N. Y ., Office, 26 B’ way. Oot. i , ’02, 3%
B y check.
Sep.30,’0 2 ,1%
Checks mailed.
Oct. 2, ’02, l^a
Sept., 1902, int. n ot pd.
Sept. 1, 1919
Q .- F . N. Y., Guar. Tru st Co.
Q .- F .
do
do
See te x t N. Y ., P a rk R o w Bldg.
do
do
Q .-J .
N o v .l, ’0 2 ,1
a%
N ov. 1, ’ 02,1%
Oot. 10,’ 02,1%
Oct. 1, ’02, 1^3
M. & N. Off., 25 Broad St., N. Y .
A. & O.
do
do
Y early. N. Y., W inslow, L. & Co.
J. & D.
do
do
Q .- F .
do
do
M. & N. Treas. off.,6DeySt.,N.Y
Nov. 2, ’00. 4%
Apr. 1, 1905
Dec. 2, ’01, 2%
June 2 ,’ 02, 3%
N ov. 1, 1915
M ay 15,’ 02,1%
A m e r i c a n B e l l T e le p h o n e C o .—See Amer. Teleph. & T elgr. Co.
A e e t y l e n e . —See E lectro Gas, Y . 61, p. 1107; N .Y . Carbide & Acet.,
V. 61, p. 1155; Un. Carbide, V . 66. p. 762.
A m e r i c a n B i c y c le C o .—Organization —In corporated in N ew
A d a m s E x p r e s s .—Or g a n iz a t io n .—A n association form ed in 1854 Jersey on M ay 12,1899, and acquired concerns m entioned in V. 69, d .
but not incorporated, operating on about 35,000 miles o f railroad, in 177, 493. including Pope M fg. Co. (Columbia bicycle), C raw ford M fg.
Co., W est’n W heel W orks, A u tom obile & C> cle Parts Co. (Y. 72, p. 284,
cluding Penn., C. B. & Q., Cbes. & Ohio, N. Y . N. H . & H ., etc.
B o n u s .—I n 1898 treasury securities w ere pledged w ith M ercantile 537), ate. See application to list. V 72, p. 536, and V. 73, p. 782,1358.
On Sept. 3,1902, A lb e rt A. Pope, R. Lindsay Coleman and John A .
Tr. Co. to secure (subject to p rior indem niflcation o f shareholders from
any loss by reason o f personal lia b ility ) $12,000,000 o f 4 p. c. bonds. M iller w ere appointed receivers V. 75, p 499.
R e-Organization . - In Sept., 1902, a com m ittee consisting o f Wm. A .
These last w ere then distributed as a 100-p. c. dividend. Y . 66, p. 470.
D iv id e n d s .—L ong 8 p. o. yearly, but reduced in 1898, on paym ent Read, Chairman, Geo. F. Crane, C olgate H oyt, F. S. Smithers and Geo.
o f 100 p. c. div. in bonds, to 4 p.e.; in Dec., 1900, to June, 1902, 8 p. c, W. Y ou n g requested deposits and was arran gin g to prepare a re-or
ganization plan; depository, C entral Trust Co. or N e w York. V. 75,
yearly. See V. 66, p. 470; V . 73, p. 1265.
p. 500. In Oct., 1902, $500,000 receiver's certificates w ere authorized.
A l b e m a r l e 6c C b e s . C a n a l . —See page 169.
V. 75, p. 850.
A l l l s - c h a l m e r s C o .—O r g a n iz a t io n .—I ncorporated in N. J. on
Stock authorized, common, $20,000,000; outstanding, $17,701,500;
M ay 7, 1901, to m anufacture h ea vy engines, m ining and other m a par o f shares, $100; pref. 7 p. c., cum., and bonds, see table above.
chinery, combining E dw ard P. A llis Co. o f M ilw aukee, Fraser <
fc
R ep ort fo r year ending Ju ly 31,1901, w ith balance sheet, in V. 7S,
Chalmers of Chicago (V. 72, p. 1137); Gates Iron W orks, Chicago; p. 7*2, showed protits o f $850,682; in terest on bonds, $500,000; bal
Dickson Mfg. Co., Scranton, Pa., etc. V. 74. p. 1144. H as a w orkin g ance. surplus, $350,682. Total surplus Ju ly 31, 1901, $956,262.
capital or $10,000,000, including $2,500,000 to be expended in doub
Officers .—R. L. Coleman. Presid en t; Pau l W alton, Secretary, P a rk
lin g the Allis plant Properties taken o ver as o f A p ril 1, 1901. Ver- R ow Building.— (V. 75, p. 499, 850.)
m ilye & Co. of New Y o rk were interested. Y . 72, p. 874, 937, 990.
A m e r i c a n B r i d g e C o .—See U n it e d S tates St e e l C o r p ’n .
D iv id e n d s .—On pf., 1% p.c., July, 1901; N ov., 1901, to A u g., 1902,
A m e r i c a n C a n C o .—Organization .—
Incorporated in N e w J er
7 p. o. yearly (1% p. c. Q.-F).
sey on Mar. 19,1901, as a consolidation, em bracing, it is said, about
Stock , Etc .—P referred entitled to 7 p. c. cum ulative dividends and
95 per cent o f the tin can business o f the country, including about
a fu rther preference of 1 p. c. non-cum ulative a fter 7 p. o on common, 100 concerns. See partial list, V. 72, p. 582, Closely allied w ith the
into which it w ill be convertible, share fo r share, on any M ay 1 up to Am erican T in P la te Co. (now (T. S. Steel Corporation). Stock, see
1921, inclusive. Th ere are no bonds.
table. M ortgages assumed, $119,000. Moore Brothers are interested.
R e p o r t .—F irst report fo r the year ending A p r il 30, 1902, was given
R ep ort fo r year ending March 31, 1902, in V. 74, p. 881, showed net
at length in V 74, p. 1144, sh o w in g: N e t profits o ver depreciation, earnings from operation, $1,775,564.
etc., $1,442,260; dividends on pref. (7 p .c .), $1,137,500; bal., sur.,
Officers .—President, F. A. Assraann; F irst Vice-Pres. and Chairman
$304,760. Chairman o f board, E lbert H . Gary; Pres., Charles A llis; o f E xecu tive Committee, H F. Akin; Treas. and And.. F S W heeler;
Sec., J W. Young; First Yice-Pres. and Tr*as., W. J. Chalmers. Office, Sec. & Asst. Trea s..L . H. Landon, 11 Broadw ay. Directors, A p r .,1902,
Broad-Exchange Bldg., N. Y .—(V. 74, p. 269, 885, 11 3 6 , 1 i 4 4 .)
V. 74, p. 885.— (V. 74, p. 885, 1091.)
A m a l g a m a t e d C o p p e r C o .—O r g a n iz a t io n , E t c .—I ncorporated
A m e r i c a n C a r Sc F o u n d r y . —Organization , E t c .—I ncorporated
on A p ril 27, 1*99, in N ew Jersey and purchased control of Anaconda in N ew Jersey on Feb. 20, 1899, as a consolidation o f the M ichiganCop. Co. (V. 67, p. 953), P a rro tt S ilver & Cop. Co., W ashoe Cop Co., Peninsular Car, Ohio Falls Car Mfg. etc., m fg. freigh t and passenger
Col. Smelting. Bost. & Mont. Con. Cop. & S liver Min. Co. and Butte & cars. V. 68, p. 280, 377, 1029; V. 71. p. 86 ,j4S\ V. 73, p. 958.
Bos. Consol. Min. Co., etc. See statement to N. Y . Stock Exchange
Dividends .—On pref., 1% p. o., Ju ly 1, 1899; N ov. 1, 1899, to N ov.,
showing securities owned, etc , V. 72, p. 1281. Stook was authorized 1902, both inclusive, 13j p. o. quar. (7 p. c. per an.). D iv. on common
in June, 1*01, to be increased from $75,000,000 to $155,00 >,000, to paid Aug. l , 1900, to N ov. 1,1902, inclusive, ■ p. o. quar. (2 p c. per
‘a
purchase the stocks o f the tw o last-named companies, p er terms V. 72, annum).
p. 1082; balance unissued reserved to acquire rem aining shares o f
Earnings.—N e t earnings fo r 1 mos ending Aug. 31, $2,322,000 in
those com anies. In 1902, litiga tion w ith F. A H einze was pend 190>, against $1,086,864 in 1901. V. 7 \ p. 7 5.
ing. In D eo , 1901, and Jan., 1902, the price o f copper was re
R eport fo r year euding A p ril 30, 1902, was in V. 75, p 27, show
duce 1 from 17 to 11 cents p er pound. V. 73, p. 1265, 1314. See also ing net earnings $4,295,602; dividends on pret stock (7 p. o.), $2,V. 73, p. 1283. See V. 73, p. e64, 723, 844,1161, 1209, 1265.
100.000; on common (2 n. c.), $60 ,000; surplus. $1,595,602
The only bonds are Bos. <s Mont. 7s, $600,OOo, due $100,000 yearly,
O fficers . —Pres., Fred’k H Eaton; Chair, o f Exec. Com., W. K. B ixb y;
beginning 1902, and Butte < Bos. 6s, *1,500,000, due A pr. 1, 1917. Treas., S. 8. De i.ano; Sec., F. F. W ebber, St. Louis, Mo. D irectors, V.
fc
V. 72, p. 1281. See V. 71, p. jy f . 8ee V. 72, p. 777.
72, p.1239; V. 74, p. 1357. N .Y ., 25 Broad St.— (V. 75, p. 2 7 , 795.)
Dividends, 2 p. c. quarterly (Q.-J.), Oct., 1899, to July, 1901, both
A m e r i c a n C e m e n t C o .—S eep a ge 169.
inclu. In O t., 1901, 11* p. 0.: In 1902, Jan., 1 p. e.; May,
p. o.; A u g ,
i* p o ; Nov.
p o. See official explanation, V. 73, p 1314. See V. 73,
A m e r i c a n C h i c l e C o .— Or g a n iz a t io n —In corporated in N ew
p. 664. 773.
Jersey on June 2, 1899, and consolidated the leading chew ing gum in
Earnings o f constituent cos. year ending June 6,190
V. 75, p. 133. terests.—V.68, p. 871, 1130. See V. 71, p StS- Div.: On pref., O ot.,'9 9 .to
O f f ic e r *.—P resident, H enry H. Rogers; Sec. and Tress , W illiam G. Oct.. 1902, 18) p. o. qu. (6 p.c. per an.). Common 1 8) p. c. Oct.. 1899;
.
Rockefeller. Directors, II. H. Rogers, Win. R ockefeller, Win. G. Rocke 1900, 9 i> o.; 1901,8 p o.; 1902, Jam, 2 p. e.; Apr. to Oct,, bolh inch, 1
feller, A K. Flow er, F. P. O lcott, R obert Bacon, Jas. Stillman and A. p. o. m onthly Pres., W. .1. White, Cleveland; See. and Treas., H. Row icy. Office. Park R ow Bldg., N. Y .—(V. 74, p. 1141.)
C. B arrage. Office, 52 Broadw ay, N ew York.—(V. 75, p. 136, 850.)
A m e r i c a n C o a l—See p. 169.
A m e r i c a n A g r i c u l t u r a l C h e m i c a l C o .—O r g a n i z a t i o n . —In
corporated in May, 1890, in Connecticut, under special charter, and
A m e r i c a n C i g a r C o .—8ee Am erican Tobacco Co.
Required control o f fe rtiliz e r com panies (including Listers’ o f New
A m e r i c a n C o t t o n C o .—O r g a n iz a t io n .—M akes and leases a p a t
ark) named in prospectus In V. 68, p. 974, and application to list,, V.
ented machine for producing cylin drical halm o f cotton. H ccV 08. p.
72, p 672; V 73. n. 664 ; V. 75, p. 241,292, 440. See V 71. p. 5 4 5 . 821. In 1900 handled o ver 500,000 cylindrical bales. In season o f
Dividends on preferred Oct., 1899, to Oct., 1902, 6 p. o. yearly (A. A (). )
1902-1903 expected to handle about 800,000 bales. In Jan., 1902,
Bonds, $25.OOo.
o ver a m a jority o f each class o f stock had been deposited with a pro
R e p o r t .—Rep o rt for year ending June 30,1902, In V. 75, p. 440, tective com m ittee (Cornelius N. Bliss, Chairman, and Tims. E. Wing,
showed: Total n t Income, $ 1,605,705; im provem ents, betterm ent*, 20 Nassau S t , Seo.), under an agreem ent continuing for three years.
>
etc., $462,980; div on pref. 6 per cent, $1,028,754; balance, $113,971. See V. 73, p. 1266 A ll ucoum.dtvH. on prof, stock paid May, 1899;
Pre« , John F. Gibbons, New York; Heo., A lb e rt French; Trees.. Nov., 4 p. o ; 1900, 8 p. o Action on dividends was deferred In 1901.
Thomas A Doe N Y office, 26 Broadway,—(V. 73, p. 614, 064 ; V. 75, V 72, p. 1240. A s to $2,0 >0,000 debentures o f 1902, coo V. 75, p. 31.
p. 241,2*2, 4 4 0 , 560, 012.)
Y ear 1899-00, gloss, $622,142; not, $259,291. Pros., .), P Cooper,
Boston, Mass.; Vico Pres, and Gen. Mgr., L. L. Flem ing Directors,
A m e r i c a n f l a n k N o t e C o . — Incorporated In N. Y. In 1858.
V. 72, p. 1240; V. 75, p. 734. (V. 74, p. 885; V. 75. p. 31, 734.)
D m D IX D t/ 19!) i to ’ 94 1896 to '98. ’09. 19 )0. '01.
'02.
A m e r i c a n C o t t o n O i l . —Inoorp. Oct. 14, 1881), In N. .1 to succeed
P e r c e n t .............( 8 yearly
0 yearly
7
6
6 Incl. Sup.,4
Amor. Cotton Ml Trust. Has works In various southern cities, e tc .,fo r
In 1901, 1 p. o. each in M. & H. and 2 p. o. each In J. A It.
man u fact lire o f crude and re lined cotton oil, lurd, soap, fertilizers, etc.
Of f ic e r * .—Chairman. James Maodonough; President, Augustus l>.
St o c k . Etc. In Nov , 1901, o ver a m ajority or the sioolir Imd boon
Shepard; Vice-Pres, anil Trea*.. Then. II. Freeland 2d V I*., W arren | deposited with a commlit.ee (Geo. A Morrison, Clialrm nii), with a view
L. Green; moo., John K. Currier. Office, 78 to 86 T rin ity Place, N. Y. to united protective action pow er lining given for three yours to sell
A m e r ic a n Ite et S u g a r *
Incorporated on March 24,1809. j the deposited stock at lo .i lo rth e preferred and 60 for the common.
Dividends paid from Oct.. 1899, to Oct., 1902, both Inclusive, V. 73, p. 288, 724, 901; but seo V. 74, p 1)38. Dividends on preferred
6 p. c. yearly (■
Q.-J.) See prospectus In V. 68, p. 280, 616; "lic e t
stock June, 1892, to June, 1902. Inclusive. 6 p. o. per annum On com
Sugar*' item. v. t 9. p, 1249. In 1902 owed $1,000,000 or morn to in mon. 1898, 3 p. o,; 1899, 4 p. e,; 1900, 3 ‘a 1 . (id 1901, • p. o.
>
siders, V. 74, p. 0 !2. Report for year ending lien 31. 1 9 o l,ln V. 74,
REPORT. Report, for 1900-01 at length In V.73. p 1959. 1005,showed
p. 723, show ed:Total Incouje, $3,521,048; p rofitfrom nperatP n. $854,- profits $1,214,357, a fter moot lug expenses o f udniliilst.. Interest. iVo.j
019 e o - t o f maintenance, *362,711; profit- o f campaign, $491,307. Es ini. on del), bonds, $152,5U0; balance, not. Income, $1,091,8)7; d iv i
timated charges for year ending June 30, 1 902 Expenses and Interest, dends on pref, (6 p.e.), *6 11,916; div. on common (2 p o.), $404,742;
$225,000; div. on pref. (0 p. c.), $240,OOO. . I'res , Henry T. Oxnard; bal., surplus for year, $75,190, against $176,968 In 1899 0. Profit*:
Treas., J nhn E. Tin kcr, 32 N a«»au 8t., N. Y. —( V. 74, j> 7 l H. 8*5.)
' year 1898-99, $1,883,255; 1899-00, $1,739,449; 'OO-'Ol, $1,244,357.
INVESTORS’ SUPPLEMENT,
158
[V ol. LXXV.
------
■
,i ! r . X - 9
Bonds—P rin ci
IN T E R E S T OR D IV ID E N D S .
D ate Size, or
pal,^When Due.
Am ount
of
Par
R ate Per When Where Payable, and by Stocks —La st
F o r explanation o f column headings, &o., see notes on
Bonds V alue. Outstanding Cent.
Payable
Whom.
first page o f tables.
Dividend.
M ISC E LLA N E O U S .
A m e ric a n Express —Stock..................................................
A m e r S id e A L e a th e r—Common stock, $17,500,000........
P ref. stock, 7 per cent cum., $17,500,000....................
1st M.. $10,000,000, « . , s . f., sub), to call at 115.C o l.c*
A m e r. Ice —Com. stock, $25,000,000 (V. 72, p. 392, 534)..
Pref. stock, 6%, cum., $15,000,000 (V. 72, p. 392, 53 4 ) .
Collateral trust bonds, $5,000,000, gold, On.......... .......
U nderlying bonds, incl. Knickb. 5s due Feb. 1, 1905...
A m e r. Linseed— Pf. stock, 7 p. e., non-cum., $16,750,000.
Pref. stock, 7%, cum., $25,000,000.
(Bonds, see t e x t ).
A m e ric a n H a lt in g — Preferred stock (7 p. 0. p ref., cum.)
....
1899
....
___
1902
....
__
....
1st M., $5,000,000, g., sink, fund, subj. to call at 105.0* 1899
A m e ric a n P n e u m a tic Service —Stock, com., $10,000,000..
Preferred, 6 per cent, non-cum., $5,000,000..................
A m e ric a n R a d ia to r— P ref. stock, 7 p. e., cum., $5,000,000
A m e ric a n Sewer P ip e —1st M., $2,500,060, s. f., call 1
05.K. 1900
A m e ric a n S h ip b u ild in g — Stook, common, $15,000,000___
....
Preferred, 7 per cent, non-cum., $15,000,000................
—
A m e r. Sm elt. A R e tin in g — Common stook, $50,000,000...
P ref. stock, 7 per cent, cum., $50,000,000.................... . . . . .
A m e ric a n S n u ff—Stock, common, $12.500,000.................
P referred , 6 per cent, non-cum., $12,500.000.........
A m e r ic a n Steel F o u n d rie s —Stock, oommon, $20,000,000.
P referred stock, 6 per cent, cum ulative $20,0o0,000....
A m erican Steel C asting 1st m ortgage, g o ld .G ............. 1897
$100
100
100
1,000
100
100
1,000
About
100
100
100
100
1,000
50
50
100
500 &c.
100
100
100
100
100
100
T o be
To be
O f f ic e r s —President, George A . Morrison; Vice-President, R obert
F. Munro; Seo. and Treas., Justus E. Ralph. 27-29 B eaver St., N. Y.
T ra n fer agents, W inslow, Lan ier & Co. - (V. 74, p. 832, 938.)
A m e r i c a n D is t r ic t T e l e g r a p h . —See Su p p l e m e n t o f Jan., 1893.
A nnu al report fo r year ending Dec. 31, 1901, was in V . 74, p. 203,
show ing gross, $630,706; net, $103,419; dividends (2 ^ p. c.), $96,107
D iv id e n d s .— ) ’91. ’92. ’ 93. ’94. ’95. ’96 J97. ’98. ’ 99. 1900. ’ 01. 1902.
Per oent.
) 1 2^ 3^
1
3
1
2 2 2% 2% 2 1 May, 1
a
Office, 6 D ev St., N. Y . City. D irectors and officers, Apr., 1902.
74, p. 207, 885.—(V. 73, p. 901; V. 74. p. 42, 153, 2 u 3 , 207, 885.)
A m e r i c a n E x p r e s s .—A n “ A sso cia tion ” form ed under the law s
Of N ew Y o rk State in 1859 and 1868. Not an incorporated company.
Operated in Dec., 1900, on about 45,000 miles o f railroad in the
U nited States .in clu din g Boston & Maine, n early all the V anderbilt
lines, Illin o is Central, etc. In A p r., 1901, President ,T. C. F a rgo was
Sleeted a director o f the U nited States Express Co.—V. 72, p 777.
Dividends, 6% per annum since 1882; in July, 1901, and Jan and
Ju ly, 1902,1 p. c. extra w as paid from investm ents. V. 73. p. 1063
Pres., J. C. Fargo; Treas., James F .F a rg o . 65 B ’ w ay.— (V. 75, p. 734.)
A m e r i c a n H i d e & L e a t h e r C o .— O r g a n iz a t io n .— Organized
In N ew Jersey in 1899. V 69, p. 493. In Jan., 1901, said to control
about 75 per oent o f the upper leather output o f the country, including
companies mentioned in V. 68, p. 925 except W ebster & Co. and R.
Suhm L. Co. See V. 70, p. 77, and application to list V. 72, p. 673.
B o n d s . E t c .—Sinking fund o f $172,500 retires bonds Sept. 1 yearly,
I f purchasable at 115 or less, or i f not w ill be invested in other securi
ties. J. & W . Seligman & Co. financed the consolidation. R ep ort for
year ending June 30, 1902, w ith balance sheet, was in V. 75, p. 495,
sh ow in g earnings, including those o f subsidiary companies, $1,4l l ,
511; int. on bonds, $511,500; renew als, repairs, sinking funds, etc.,
$493,134; bal., sur., $406,877. Pres’t, Thomas W. H all; Sec. and Treas.,
G. A. H ill. Directors, S e p t , 1901, V. 71, p. 493; V. 73, p. 495. Office,
96 C liff S t„ N. Y .—(V. 75, p. 4 9 5 , 550.)
A m e r i c a n Ic e C o .—O r g a n iz a t io n .—In corporated in N ew Jersey
on March 11,1899. and in October, 1899, had acquired m ost o f the
$10,000,000 stock o f the Consolidated Ic e Co. o f N e w Y o rk (see V. 65,
461) and the $10,000,000 stook o f the K n ickerbocker Ic e Co. o f
aine. F o r list o f plants in 1899, etc., see official statement, V . 69,
p. 793; V. 70, p. 585; V .71 , p. 1014, 1121, 1168, 1271; V. 72, p. 1036.
Transacts a wholesale and reta il business in N ew Y o rk , N. Y .; P h ila
delphia, P a ; Boston, Mass.; Baltim ore, Md.; W ashington, D. O.; Cam
den, N. J.; Lakew ood, N. J., and A tian tio City, IN. J. A ction to annul
righ t to do business in N e w Y o rk State, V. 73, p. 724; V. 71, p. 1068;
V . 73, p 958; V. 75, p. 395. On Deo. 24, 1901, the A m erican Coal Co,
was organized to carry on sale of coal. V. 73, p. 1358; V . 74, p. 575.
D iv id e n d s .—On p re f’d Oct. ’99, to A p r , 1902, 6 p. c. ye a rly (Q.-J);
In July, 1P02, dividends on pref. w ere deferred to accumulate w ork
in g capital V. 74, p. 1357. On com., N o v .,’99 to Feb., 1902, inclu
sive, 4 p. c. yearly (Q.-F>; in May, 1902, none. V. 74, p. 885.
B o n d s . - In A pril, 1902, $5,000 000 5 p ercen t collateral trust bonds
w ere authorized, o f which $2,740,000 w ere used to reduce the floating
debt; $2,220,000 are reserved to retire bonds o f cos. absorbed and
$40,000 have been paid off. V.74. p. 885,1253,1309,1357; V.75, p.443.
R e p o r t .—R ep ort fo r 1901, was in V. 74, p. 575.
D ir e c t o r s , E tc .—J. D. Schooumaker (Pres’t and Chairm an), H . H.
M o rse ,o f N ew Y o rk ; J. Manchester Haynes, o f Augusta, Me.; D. W.
H u nt (Vioe-Pres’t), o f Philadelphia; W esley M. O ler (V ice-Pres’ t), of
Baltim ore; Thomas Sturgis, Orin Dennett, John R. Bennett, R. w . H o p
kins (Vice-Pres’t i, James McCutchen. R W. Poor, I. O. Blake, Wm. N.
B avier, E. D. H aley, John Hancock, H en ry H. Hoad, W alter L ee and H.
L . Parnell. Treasurer, E D. H aley; Secretary, Robert A. Scott. Office,
133 East 23d St., N ew Y o rk .—(V. 75, p. 395, 443.)
A m e r i c a n i r o n & S teel U l f g . —S eep. 169.
A m e r i c a n L i g l i t A T r a c t i o n . —See page 169.
A m e r i c a n L i n s e e d .—O r g a n iz a t io n , E t c .—In corporated on Deo.
5,1898, under the law s o f N ew Jersey, as a consolidation o f the
N ational Linseed Oil Co. with the ten leading outside linseed oil compa
nies in the U. S., per plan in V. 67, p. 1161; V. 69, p. 697. See V. 71,
p. 545. F or lis t o f plants, etc., see V. 70, p, 631. Com. stock author
ized, $16,750,000, all outstanding; pref. stock as in table. In June,
1901, Standard OH interests acquired a m a jority o f the stook.
D iv id e n d s .—On pref., June 15. ’99, to Sept., 1900, 1% p. c. qu arterly.
Th e Dec., 1900, dividend was passed. V. 71, p. 1014.
R e p o r t .—R ep ort fo r year ending Ju ly 31,1901, was in V . 73, p. 662*
955, showing loss from operations o f $1,402,491. Pres., Frederick TGates; Sec., W. A . Jones. Directors Sept., 1902, V. 73, p. 555; V. 75>
p. 550. Main office, 100 W illiam St., N. Y .—*7. 74, p. 96; V. 75, p. 550.)
A m e r i c a n L o c o m o t i v e C o .—O r g a n i z a t i o n .—Incorporated in
N. Y . on June 10, 1901, as a consolidation o f the Pittsburg (Pa.) L o co
m o tive & Car Works; Brooks Locom otive Works, Dunkirk, N. Y.; Cooke
Locom otive
Machine Works, Paterson, N. J.; Schenectady (N. Y.)
Locom otive Works; Richmond Locom otive & Mach. Works; Rhode
Island Loo Wks.; Dickson M fg. Co., Scranton, Pa.; Manchester (N. H.)
Loo. Wks. (See list, V. 73, p. 80). V. 72, p. 1189; V. 73, p. 84,186,724.
D iv id e n d .—D ividend on pref., 1% p. c., quarterly, O c t , 1901, to
Oct., 1902, both inclusive.
B o n d s . - B onded debt on constituent companies:
V
6
Dickson Mfg. Co, 1st 5s, *502.500 (assumed), maturing Nov. 1 19 7 Richmond
, 2;
Locomoiive (.Tanner & Delaney Engine) Co. 1st 7s.
0,000, due July 1 I9u4,
,
and $s50.00o gold oonsol. O due Apr 1 1 2 (both assumed), of which tllS.OOu
s.
, 99
owned by Amer. 1 oc. Co.; international Air Power (Ruode Island hoc. W ’ks)
1st 4s not assumed), due Feb. I 1 1 , but subjeetto call at any time: to ensure
W9
the eventual retirement of the last-named $260,00a each of common and pref.
Amer. Loc. stook are held in trust.
$18,000,000 8 in 1902
11,274,100
12,548,300
8,210,000
6 g.
25,0'>(>,000 See text.
15,000,000 See te x t
2.740.000
5 g.
2.200.0 0
16.750.000 7 in 1900
25.000,000
24.100.000 7 in 1902
14,440,000
......
3,893,000
6 g.
4,586,250
4,112,500 See text.
3,000,000 7 In 1901
1,590,500
6 g.
7,600,000 See text.
7,900,000 7 in 1902
50,000,000
50.000. 000 7 in 19C2
11,001,700
12.000. 000 6 in 1902
15 000,000
15,500,000
490,000
5 g.
J. & J. N.Y.,Co.’ s Of., 65 B ’w ay July 1, ’ 02, 4%
M. &
Q.-F.
Q.-J.
A. &
S.
N. Y., Colonial Tr.
Sept. 1, 1919
15 133 E 23d St., bv check Feb. 15, ’02, 1
15
do
do
Apr.15,’02, lig
O.
N ew York.
Apr. 1, 1920
Q .-M .
Sept. 15’00,1%
Checks mailed.
Q .- J .
Oct. 21,’02,1%
.....
Check from Co.’s office. Oct.15,’ 99, 1%
J. & D. N. Y., Guaranty Tr. Co. Dec. 1. 1914
J. & J.
By check.
Q.-F. 15 Off.,Lake&Dear b.St. Ch.
M. & N. N. Y . K uiok . Tr. Go.
Q .-M .
Cleveland, Ohio.
Q.—J.
Q .- J .
Q .- J .
m
N. Y ., 71 B roadw ay.
Jan. 20,’0 2 ,lia
Aug.15,’02,1%
Mch. 1. 1920
Dec. 1, ’ 02, 1%
Oct. 15,’02,1%
Oct. 7 ,’02,1%
N. Y ., M orton Trust Co. Oct. 1, ’02, lia
! & N.
N ov. 1. 1912
R e p o r t .—F irst report fo r 1213 months ending June 30,1902, was in
V. 75, p. 609, showing net earnings, $3,107,177; interest and discount,
$105,855 dividends on pref. stock (7 p. c.), $1,750,000; additions to
property (balance after charging $602,151 to current expenses), $1,027,077; balance to credit o f profit andloss, $224,235. (V.74, p. 270.)
O f f ic e r s .— President, S. R. Caliaw ay; 1st V. P., A. J. Pitkin: 2d V.
P., R. J. Gross; Seo., L eigh Best; Treas.,C . B. Denny; Com ptroller, C.
E. Patterson. Office, 25 Broad St., N. Y . Directors, June, 1901, V.72,
p. 1240.—(V. 73, p. 724; V. 74, p. 96, 207, 270; V. 75, 6 0 9 )
A m e r i c a n M a l t i n g C o ,—A consolidation incorporated Sept. 27
1897,in N . J.—V. 65, p. 619; V. 70, p.478. The in vestigatin g com m lV
tee in Oct , 1900, recom mended a reduction o f the stock, hut no de
cision to Jan., 1902. V, 71, p. 1014,1068,1221; V. 73, p. 1060.
Sto c k s .—Authorized, $15,000,000 each common and preferred
sued, common, $14,500,000; pref., as in table. D iv id e n d s —On p rt,
Jan., 1898, to Oct., 1899, incl., 7 p. c. per an. (1% Q. J.); none since.
B onds .—W alter G. Oakman and Geo. R. Turnbull are m ortgage tru s
tees. See V. 69.p. 956,1013,1195. On Aug. 31, 1901, underlying m ort
gages, $256,000,
E a r n in g s .—Report o f in vestiga tin g com m ittee fo r year as ch an ge
to end Aug. 31, 1901, was in V. 73, p. 1060, showing: Profits abov<
interest on bonds, $383,261 See also com m ittee’s report fo r 1899-4
and that fo r Oct. 11, 1897, to Deo. 31, 1899,in V. 70, p. 478.
O f f ic e r s .—Pres’t, Chas. A . Stadler; Sec’y, Geo. F. Neidlinge*.
Treas., Louis L ee Stanton; Directors, N ov., 190 L, V. 71, p. 1068; V. 73.
p. 1063. N ew Y o rk office, 63d St. & E. R.— (V. 74, p. 938.)
A m e r ic a n P n e u m a t i c S e r v ic e C o .—O r g a n iz a t io n .—In corpor
ated in June, 1899, under law s o f D elaw are — (V. 68, p. 1130, 1179.)
Is the ow ner o f the whole, or n early all, stock o f the Lamson Consol.
Store-Service Co. (V. 68,p. 1073), the Intern. Pneum. Service Co., etc.
St o c k .—D ividends on pref. stock to Jan 20,1902, inclusive, 6 p . 0.
per a n .(H 2 Q-J); dividend period n ow semi an., the July. 1902, dividend
being passed to increase the w orkin g oapital. See V. 74. p. 1309,
1357 U nderlying bonds March 31, 1901, $516,000 Lamson sinking
fund gold 68, less a sinking fund o f $164,577. R ep ort fo r year
ending Deo. 31, 1900 (V. 71, p. 1166), showed net, $288,616; div. on
pref., $223,551; bal., sur., $65,065. Office, 115 Cbaunoy St., Boston,
Mass. A rthur 8. Tem ple, Treas.— (V.74, p.1 309,1357; V.75, p 79, 734.)
A m e r i c a n R a d i a t o r . —Incorp. In N. J. on Feb. 14,1899. See V.
68, p. 329. Common stock, $5,000,000; outstanding, $4,893,000; par,
$100. D ividends on pref., May, 1899, to A u g., 1902, inclusive, 1% p. c.
quarterly (Q-F 15). R eport fo r year ending Jan. 31,1902, w ith bal.
sheet, V. 74, p. 677, showed: N et profits, $627,614; 7 p. c. on preferred,
$210,000; balance, $417,614. Sec., C. M. W oo lley.—(V. 74, p. 6 7 7 .)
A m e r i c a n S e w e r P i p e C o .—See page 169.
A m e r i c a n S h i p b u i l d i n g C o .—O r g a n iz a t io n . — Incorporated
in N e w Jersey on March 16,1899, to unite the shipbuilding and kin
dred interests o f the Great Lakes. V. 68, p. 770; V. 70, p. 896;
V. 71, p. 344,1014; V. 73, p. 390. D iv. on pref., July, 1899, to Ju ly 15,
1902, inclu., 7 p. c. per an. (1% Q-J.) F irst div. on common, 4 p. 0.
fo r year, payable qu arterly Dec., 1902 Mar,, June and S e p t , 1903. V.
75, p. 734 Report fo r year ending June 30, 1902, in V. 75, p. 730,
showed: N et earnings, $2,5o7,551; div. on pref., $553,000: deprecia
tion and maintenance. $420,294; reserve fo r maintenance, $200,000;
reserve fo r Buffalo m ortgage, $150,000; bal., sur., $1,184,257. Pres.,
W. L. Brown, Chicago; Sec. and Treas., R. C. W etmore. Directors.
V. 73, p. 390. Offices, Cleveland, O.—(V. 75, p. 395, 7 3 1 , 734.)
A m e r i c a n S m e lt i n g Sc R e f i n i n g Co —O r g a n iz a t io n , E tc .—
Incorporated A p ril 4, 1899, under law s o f New Jersey, V. 68, p.
668. Owns and operates plants fo r the sm elting o f ores and the
treatm ent o f lead bullion, copper bullion and copper m atte in Utah,
Montana.. Colorado. Kansas, Nebraska, Illinois, N ew Jer.-ey, Mexioo
and elsewhere. The principal merchantable produotsare bar gold and
silver, pig lead, electrolytic oopper and blue vitriol. Controls the
Kansas C ity Siheltlug & Reflning Co., the Omaha & Grant Smelting
Co., etc. F o r list o f plants, rights o f stock, etc., see V. 68, p. 975; V.
68, p. 471, 523; V. 70, p. 232, 281. See V. 71, p. U5In A p r , 1901, the p roperty o f M. Guggenheim’ s Sons was acquired,
the stock being increased from $27,400,000 each o f common and pre
ferred to $50,000,000 each. Th e output o f lead and silver, it is stated,
is now about 85 per cent o f the production in the U. S .- V . 7 ), p. 1271;
V. 72, p. 138, 724; see circular in V. 72, p. 185. V.71, p. 1271.
In Oct., 1902, Atuer. Sm eltine & Reflning and other interests were
form ing a consolidation o f lead properties, including the National Lead
Co., Union Lead & Oil Co., etc. V. 75. p. 734.
O m a h a * G rant Smelt. 1st 6s, due March 1, 1911, $995,000, retirable about $70,000 annually by sinking fund, are the only bonds.
D iv id e n d s on pref. to Oct., 1902, inclusive, 7 p. 0. per an. (1% Q-J).
R e p o r t .—R ep ort for year ending A p ril 30, 1902, in V. 75, p.548,
showed: Gross, $7,038,682; net above repairs, etc , $4,361,619; divi
dend on pref. (7 p. 0.), $3,500,000; bal., sur., $1,361,619.
D ir e c t o r s .—E. W. Nash (Pres, and LIT man o f Board), Daniel Gug
genheim (Ch’ man Ex. Com.), Isaac Guggenheim (Treas.), Solomon Gug
genheim. Morris Guggenheim, Simon Guggenheim, H. L. Higginson,
G rant B.Schley, A. R.M eyer, D. H. Moffat, M. D. Thatcher. J. B. Grant,
Guy C. Barton, Dennis Sheedy, N. W itherell, R. S. Tow ne, A. Eilers,
H. L. T errell and Barton Sewell, Vice-Pres. 71 B ’ w ay.—(V.75, p. 187,
5 4 8 , 550, 734.)
A m e r i c a n S n u f f C o .—Or g a n iz a t io n .—Incorporated in N ew Jer
sey o n M u . 12, 1900. The A m erican Tobacco and Continental Tobacco
companies, whose snuff properties it acquired, own $7,500,000
O ctober ,
l 02 |
J
MISCELLANEOUS STOCKS AND BONDS.
1A3
Po/icte—P r in c i
IN T E R E S T O R D IV ID E N D S .
D ate Size, or
pal, W hen D u e.
A m ou nt
of
Par
For exp la n a tion o f column headings, <kc., see notes on
Outstanding R a te per W hen W here payable, and by Slocks —L a s t
Bonds Value.
Cent.
P a ya b le
Whom.
tirst p a ge o f tables.
D ividend.
M IS C E L L A N E O U S .
A m e r. S tra w Board— 1st M., g., 8. f., sub to c a l l . I B
A m e ric a n S u g a r R e f in in g —Common stock, $45,000,000.
1891
... ,
P ret. stock, 7 p.c. cum. (n ot pf. as to ass’t), $45,000,000
\ m e ric a n T elegra p h & O able— Stock, 5 per cen t r e n t a l___
A m e r ic a n T elephone & T e le g ra p h — Stock, $150,000,000 ..
C olla tera l trust m ortgage, c u r .O B (V . 70, p. 4 0 )---- c*
A m . B e ll d e b e n .O B . V. 67, p. 7*2, 1355; V . 70, p. 40.c*
A m e r. T h re a d — P ref. stock. $6,000,000 5 p.c., cum .,g.or £
1st coll, tru st M., $6,000,000. g. o r £
...
----- G.O"
1899
1898
. -.
$1,000
100
100
100
100
1,000
1,000
5
500 &c.
ON.
50
100
1,000
100
1899
A m e r ic a n T in P la te C o — See U n it e d St a te s St e e l Co rp ORATI
A m e ric a n Tobacco Co. —Com. stock, $56,000,000 au th ---P re f. stock, 8 p.c. non-cum.: pref. as to assets a n d d ivs..
A m . Cigar, gold notes, $5,000,000, gu.p.&i., red. 102*s.c 1901
__
A m e r ic a n Type F o u n d e rs —S tock ........................... ..............
—
P re f. stock, 7 p er cent, cu m u lative, $2,000,000
Deb., g., $L,000,000, s. f., $20,000y r ly .,b e g . Sep., ’OOJIe
....
100
A m e r. W a lth a m W atch Co. —Stock, $4.000,0 0 0 .................
....
A m e r ic a n W in dow Class —Stock, comm on, $13,000 000..
100
....
100
P re fe rre d stock, 7 p er cent, cu m u lative, $4,000,000 ...
....
A m e r ic a n W oolen — P ref. stock, 7 p. c., cum., $25,000,000
100
A m e r W r it in g P a p e r— P r e t . stock, 7% cum., $12,500,000
1,000
1st M ., 8.f..g.,$17,000,000, call. aft. J u ly / 0 9 .1 0 5 .0 B .c * 1899
A ss ocia te d M erck ants— Com m on stock, $5,000,000.
100
l s t pref., 5 p. c. cum., $10,0< 0,000, co n vert, at p a r ..te x t • . . .
100
2d p ref., 6 p. o. cum., $5,000,000..................
100
B a y Slate Gas— Boston Un. Gas 1st M .,s.f.,call 105,gU Iec* 1889 500 &c.
do
do
2d M., g o ld ($4,000,0 00).................
---- I 1,000
com m on and $2,500,000 o f th e p re fe rre d stock and h a v e 8 o f the 17
directors. F o r lis t o f p roperties m erged, claim ed to h a v e an outpu t
in 1899 o f about (5,000.000 pounds o f snuff y e a rly , see V . 70, p. 533,
634; statem ent to N. Y . Stock E xch an ge, Y . 72 p. 625, 672; V . 74, p.
428. F irst div. on pref. 3 p. c., p a id Jan. 2, 1901; Ju ly, 1 ^ p. c.; Oct.
l ^ p . c.; 1902, 6 p. c. ( 1 ^ Q.—J.)
R e p o r t .—R ep ort fo r y e a r ending Dec. 31, 1901 (in Y . 74, p. 528),
sh ow ed : N e t earnings, $ l,o 6 6 ,6 0 5 ; div. on p ref. (4 ^ p. o ), $540,000;
ba!., 8ur., $526,605 Pres., Geo. A . H elm e; Sec., Otis Smith; Treas.,
E. D. Christian, 111 F ifth A v e ., N . Y . — (V . 74, p. 428, 5 2 6 , 1198.)
A m e r i c a n S o d a F o u n t a i n . —See p a ge 169.
A m e r i c a n S p i r i t s M f g . —See D i s t i l l i n g . Co.
A m e r i c a n S te e l
F o u n d r ie s
C o .—O r g a n i z a t i o n .—In c o rp o
r a te d in N e w Jersey on June 26. 1902, as a con solidation o f
American Steel Casting Co. (See Su p p l e m e n t o f April, 1^02), Reliance
Steel Castings Co. o f Pittsburg, Pa.. Leighton & Howard Steel Co. o f St. Louis,
Mo., Franklin ^teel Casting Co. o f FrankliD, Pa., Sargent Co. o f Chicago, 111.,
American Steel Foundry Co. o f St. uouis, Mo.
The p rop erties w ere ta k en o v e r about J u ly 15. 1902 O f the $40.000,000 stock (h a lf p re fe rre d ) $5,000,000 com m on and $4,500,000
p re fe rre d are to rem ain in the trea su ry and be issued on ly fo r cash or
ro p e ' ty o f the actual cash v a lu e at par. V. 74, p. 1141,1357. Chas.
[. Schwab, E. B . G a ry and M a x Pam , o f the U S S teel C orporation,
w e re in terested .— (V . 74, p. 1141, 1198,1357; Y . 75, p 241).
£
A m e r i c a n S te e l H o o p C o .— > See U n it e d St a t e s S t e e l C o b A m e r i c a n S te e l 6c W i r e C o .— > p o r a t i o n .
A m e r i c a n S t r a w B o a r d . —In O ctober, 1902, m ost o f the stock
had been exchanged, p e r plan in V. 74, p. 375, fo r stock o f the U nited
B o x B o a rd & P a p er Co., w h ich see.
A m e r i c a n S u g a r R e f i n i n g . —A N. J. corporation , successor In
Jan., 1891, o f the Sugar R efin eries C o.organ ized in 1887; plan, V.
51, p. 609. C a p ita l stock, o rig in a lly $50,000,000, w as increased
in Jan., 1892, to $75,000,000 (h a lf p ref.) to acqu ire
the ca p ita ],
stock o f the fou r Ph iladelph ia refineries and a con trollin g in terest In
the B a ltim o re refinery. Spreckels’ e refin ery in C a lifo rn ia has been held
under lease to the “ W estern Sugar R efin in g Co./’ o f which the “ tru st”
ow ns one-half the stock. B eet-sugar in terest acquired In A p r il, 1897,
V. 64, p. 841; coffee plants. V. 63, p. 1157; V. 64 p. 40; V. 70, p.
688, 1 0 5 i; V. 71, p. 914; Y. 72, p. 1137.
B e et sugar refineries
In U. 8., V. 66, p. 132; V. 68, p. 280; Y . 69, p. 1249. In June, 1900, three
of the Independent refin ery concerns w ere consolidated as the N a tio n a l
Sugar R efinin g Co. (see V. 70, p. 1096; V. 71, p. 3 1). See V. 70, p.
482, 634, 998, 1051; V. 71, p. 136, 237, 699. In dep en d en t plants, A u g.,
1901, V. 73, p. 238.
In 1902 estim ated to h ave supplied about 65 per cen t o f the outpu t
of refined sugar in the U. 8., as against 90 p. c. fo rm erlv. V. 64, p. 328;
V. 71, p. 31; V. 67, p. 632; V. 69, p. 1104; V. 74, p 96
St o c k .—I n 1901 each class o f stock w as increased fro m $37,500,000 to $45,000,000 b y sale at p a r to shareholders. V. 73, p. 617.
D i y .—P,
1892.
1893. 1894 to 1899. >00 '01. 1902.
C o m m o n ...... [ 4
10^
21^
12 y ’ ly (3 Q.-J.) 7% 7
7
P re fe rre d .,.. )
7 p. c. y e a r ly to date; n ea rly all Q.-J. V. 71, p. 1168.
R e p o r t .—N o recen t report.
Annual m eetin g in 1901, see Y . 74, p. 96.
B a l a n c e Sh e e t —
D ec. 3 1 ,1901.
Dec. 31, ’ 00.
D e c . 31, ’ 99
Real estate and m achinery. $34,328,664 $36,891,221
$36,412,652
Cash and debts receiva b le.
36,862,702
15,737,388
15,306.596
Investrn’ ts in other com p's.
3 9 ,1 11,883
35,054,17 L
30,423,680
Sugar, raw and r e fin e d .....
12,248,640
22.4^8.799
20,340,609
T o ta l assets. .......... ...$122,581,888 $116,171,579 $102,483,587
Capital s to c k . ............... .
$88,280,370 $73,936,000
$73,936,000
Debts.............................. .
24,364,027
27,44 3,372 21,152,323
R e s e r v e s ...... ............... .
93*07 491
8,7 92/07
7,395,214
T o ta l 1 ah 1 1 s ........... $122,551,888 $ ! 10,171,579 $ 102,488,537
1
1 tie
D ir e c t o r s .—H. O. U avem eyer, Chas. H. BenfF, A rth u r B onner, L o w
ell M, Palm er, John M a yer, W. B, Thomas, John E» Parsons; Treasurer,
A rth ur Dormer. N. Y. office, 117 W all
74, p. H2H 682.)
A m e r i c a n T e l e g r a p h 6c C a b l e . —Owns tw o cables betw een N ova
BcotJa and Krigland. Leased until 1932 to W estern Union which see.
A m e r i c a n T e l e pH o n e 6 T e l e g r a p h
c,
<
o r g a n iz a t io n .—
Form erly owned the long-distance lines of the American Bell Tele
phone Company; In 1900 took over Its other assets, Including the
securities owned in local companies (see V. 6u, p. 826, 907, ] 149), also
circular, V. 70, p. 585. Bee series of telephone articles, V. 09, p. 674,
820. 1084.1227; V. 70, p, 817. Capitalization of "licensee companies,
see V. 73, p 416,555,7^4, On Aug. 20, 1902, 2,985,574 Instruments
were. In use, against 2,292, i 98 on Aug. 20* 1901.
Decision adverse to
Berliner patent, V. ' 2. p 439; V 73. p 106* Lupin patents. V. 72. p
677- Controls Western Telephone Sc Telegraph Co., the successor to
the Erie Tel fy Telep. Co V. 73. p. 1267; V 74, p 42, 271 .
In A p r , 1902, Presiden t Baker o f the First National Bank, N. Y.
City, and oth er N ew York in on becam e directors, V. I, p 682,729.
Btch’ K. - On June 3f 1901. the authorized, stock was Increased from
■
$100,000,000 to $150 000,000. O f ihe new stock. $20,709 000 was
Subscribed for hy stockholders at par, raising the, out stand l ng amount
to $ i 14,9 tf ,500. o- e-half paid Aug. 1, !90:j, and. the balance Jam 15,
1992; Y, 72, p. 1 137,12*2 Tills amount includes $27,198. OO held hy
Anrirr Bell T eleph Co., nd so virtual ly tin Issued*
8toefeholder-, were offered the right to snm-rribe to $23,937,000
stork, at par, one-half p syabie Hop!;. J5, 1902, and the halaiin
$516,000
45,000,000
45,000,900
14,000,000
See te x t.
28,000,000
10,000,000
4.890,«75
6,090,000
6 g.
7 in 1902
7 in 1902
5
7*2
4
4
5 in 1902
4 g. or £
F. & A
Q .- J .
See te x t
Q .- M .
Q .- J .
J. & J
J. < J.
fc
•T. < J.
&
J. & J.
54,500,000
14,000,000
5,000,000
4,000,000
964,300
950,000
4,000,000
13,000,000
4,000,000
50,000,000
9,500,000
17,000,000
5,000,000
4,998,000
5,002,000
8,159,500
3,000,000
See te x t
8 in 1902
f g.
4 in 1902
See tex t.
6 g.
10 in ’ 02
6 in 1902
7 in 1902
7 in 19o2
Q .- F . N. Y ., Farm . L. & Tr. Co.
Q.— F.
do
do
M.&S.15
N e w Y o rk .
Q -.I.
wuar.
M & N. N. Y ., M erc. T ru s t Co.
M. & S. B y com pan y’ s check.
Checks m ailed.
Q. -J.
M & S.
do
do
Q.—J.15 N. Y ., G u aranty Tr. Co.
”
See
5 in
6 in
Bos., In ter. Tru st Co.
Feb 1. 1911
N. Y. Office, 117 W a ll St. O ct 2/02,131
do
do
O ct 2 / 6 2 ,1 %
N. Y ., W est. U nion Tel. S ept.,’02,1*4%
Oct. 15/02, 2*2
N .Y., Co.’ scff.jifeB oston Ju ly 1, 1929
Bost., N a t. Bk. o f Com. Ju ly 1, 1908
Guar Tru st Co.. N. Y . J u ly 1/02, 2*9
Jan. 1, 1919
do
do
N o v. 1/02 , 2 ha
N ov. 1, ’02, 2%
M cli. 15, 1911
Oct. 15,’0 2 ,1 %
Oct. 15/02,1%
M a y 1. 1926
Sep. 15/0 2,6%
Oct. 15/02,1%
Sept. 1/02, 3*9
O c t.15/02,1%
5"g. J. & J. Boston, Old Col. Tr. Co. Ju ly 1, 1919
te x t. Q .- M . H ud. Tr.°, H obok en ,N .J, Dec 1, ’0 2 ,1 %
1 9 0 ' Q .- J .
do
do
Oct. 15 /02 ,1%
do
do
Oct. 15/02, l 1
®
1802 <4-—J.
J. & J. J a n .,1902 ,in t.lastpaid. Jan. 1, 1939
5 g.
do
do
5 g. J. & J.
Jan. 1, 1939
Jan. 15, 1903, the first d ivid en d on the n ew stock bein g p a ya b le A p r.,
1903. thus in crea sin g th e am ount ou tstan ding to $136,883,500. Y .
74, p. 1198.
D iv id e n d s .—On A m erica n B e ll Teleph on e stock, p revio u s ly 15 to 18
p er cen t ye a rly , w e re fro m J an , 1895, to A p r il, 1900, 15 p. c p e r an
num. Th e A . T. & T Co., as successor o f the B e ll, is p a y in g at ra te o f
7*2 p e r cen t per annum, v iz .: 2 ^ p. c. paid J u ly 16, 1900; Oct. 15, l 1
^
p. c.; Jan. 15, 2% P- c., etc. See V. 70, p. 1250.
B o n d s .—T he co lla tera l tru st m o rtg a g e o f 1899 p rovid es fo r th e im
m ediate needs o f the com pan y and fo r fu tu re extension s as requ ired
and >ecures equ ally the coll, tru st bonds and the $10,000,000 B ell de
bentures. Y . 70, p. 40; V . 72, p. 874. On deposit o f a d dition al co lla tera l
fu rth er bonds m a y be issued, but to an am ount n ot ex ceed in g " 5 p e r
cen t o f the estim ated va lu e o f the colla tera l; and the issue at any tim e
outstanding m ust n ot ex ceed the am ount o f the co m p a n y’s ca p ita l
stock then paid up. V. 69, p. 1195, 1249; V . 70, p. 40. In Jan.,
1902, sold $13,000,000 o f the bonds fo r con trol and d evelop m en t o f
W estern Tel. & T e l properties. Y . 74, p. 271; V. 70, p. 741; V. 71, p.
86, 344, 874; Y 74, p. 579, 682.
R e p o r t ,—R e p o rt fo r 1901 in V. 74, p, 628, showed:
F e a r e n d in g Dec. 31.
1901.
1900.
1899.
Total gross earnings ....................$11,606,817 $9,534,499 $7,687,381
Surplus o v e r in terest ch a rge s....
7,398,286
5,486,058
4,270,509
Paid divid en d s.............................
5,050.024
4,078,601
3,882,945
P r e s .,F re d e ric k P . Fish. D irectors (M ar., 1902), V. 74, p. 682.—(V*
75, p. 31, 292, 612.)
A m e r i c a n T h r e a d C o .—See p a ge 169.
A m e r i c a n T i n P l a t e . —See U n it e d States St e e l Co r p o r a t io n .
A m e r i c a n T o b a c c o C o m p a n y . —O rgan ized in 1890 under la w s
o f N e w J ersey to m anufacture and sell tobacco.—See Y . 64, p. 515. In
Dec., 1898, sold its p lu g tobacco in terests to th e n ew C on tin en tal T o
bacco Co., re c e iv in g th e refo r $30,274,200 p ref. and com. stock o f th e
la tte r. Y . 68, p. 820. See below . (V. 68, p. 128, 1138.) In F e b .,1899,
acqu ired U nion T obacco <'o.—V . 69, p. 128; V.70, p.533, 896. In Jan.,
1902, the com m on stock was m ostly exch an ged fo r 200 p. o. in co lla te ra l
tru st 4 per cents o f C onsolidated Tobacco ' o., which see V . 72, p. 1137.
In N o v., *01, purchased D. H . M cA lp in & Co. properties. V. 7 3 ,p. 1113.
T o g eth er w ith the C on tin en tal Tobacco Co. controls the A m erica n ,
Snuff Co.—see statem en t b elo w —o f w hose ca p ita l stock, th e y o w n
$10,000,000, to g eth e r w ith $",000,000 o f the $10,000,000 stock o f the
A m erica n C ig a r Co.—V . 72, p. 531. T h e A m erica n C ig a r Co. 4 p. o.
gold notes are gu aran teed Jointly a nd s e v e ra lly by the A m erica n and
C on tin en tal Tobacco com panies. See Y . 73, p. 1113; V . 72, p. 1037.
Sto ck .—See p ref. certifica te in e d ito ria l o f M ay, 1893, Sttp. In 1899
au thorized $35,0o0,000 n ew com m on stock, m a k in g to ta l $56,000,000,
o f w hich $21,000,000 w«*s paid M a y 11, 1899, as a 100-per-cent stock
divid end , $12,500,000 * as issued to acquire U nion Tobacco Co. and
$1,500,000 balance is issuable fo r other purposes. V. 68, p. 426, 471,
617, 669, 925; Y . 69, p. 25. P r e fe rre d authorized, $14,000,000
D i v i d ’ s.— ’93 t o >95.
1896.
'97. ’98. *99. ’00. ’01. 1902.
C o m m on ,... 12% y rly. 6 & 2 0 % scrip. 9
8
*7
6
6 B e lo w .
P r e fe r r e d ..8% y e a r ly (2% quar.) to N o v ., *02, in clu sive. (V, 69, p. 25 )
* A ls o 100 p. c. in com m on stock paid on com m on M a y 11,1899. I n
1902, on comm on, F e b . , l 1 p .c .; M ay, 2 ^ 1 .0 .; A u g., 2 ^ p .c .; N o v., 28*.
^
A n n u a l R e p o r t fo r yea r en din g Dec. 31, 1901, was in Y. 74, p. 575:
12 Mos. N e t E a rn s . D iv .o n P r e f .
D iv . o n C om . I n t .o n s c rip .
S u rp lu s .
1 9 0 1 .. $6,647,114 $1,120,000 (6%) $3/270,000 $180,890 $2,676,224
1900.. 6,303,498
1,120,000 (6%) 3,270,000 180,834
1,732,664
O f f ic e r s .— Pres., Jam es B. D u k e; Sec., C, N . S trotz; Treas.. H. DLee. N. Y. office, 111 F ifth A ven u e - (V . 74, p. 682; V. 75, p. 734.)
A m e r i c a n T y p e F o u m f e r m C o . —m o o r’ d In 1892under law s o f N
J. V. 55, p. 625 and adv. In 1896 decreased the $5,000,000 com m on
and $4,000,000 p ref. stock to $4,000,000 (par $100) comm on stock.
—Y . 62, p. 682. On Jan. 10,1902, authorized $2,000,000 seven p e r
cent cum. pref. stock, o f which present issue $1,000,000 offered stock
holders a t eq u iva len t o f $76 per share to pay the floating debt, $26
bein g p a ya b le A pr. 10, $25 by J u ly 10 and $25 by Oct. 10. 1902. (Bee
; V. 73, }K 955)
V. 73, p. 1358. Bills p a yable Aug. 31. 19o 2, $685,090.
D ividends on comm on stock: Oct., 1898, 1 p. o., first, since read
juHfmenr; Jan., 1899, to Oct., 1902, inch, 4 p. o, per an. (p a id Q-J),
First dividend on pref,, 1% p. e., paid Ju ly 19, i9u2; Oct. 15, 1:h p .c ,
a n n u m . R e p o r t . -R ep ort fo r yea r ending A u g. 31, 1901, w as lu
V. 73, p. 955. In 1901-2 gross profits sifter ded u ctin g expenses, $4 04,
650; interest charges, $103,129; n e t.$801,527; div. on com m on (4 p .c .)
$160/100; div, on p ref., $13,225; hal , sur., $126,302.
Presiden t. R. W. Nelson, 27 W illiam HI, (V. 74, p. 97; V. 75, p. 850.)
A m e r ic a n W a l t h a m W n t e l * . —In corporated In M assnolm setts
In 1854; m anufactures “ W alth am ” watches; fa cto ry situ ated at W a l
tham, Mass. D ally outpu t o f watch m ovem ents, 2/200.
D iv id e n d s , f 1879-95. 1896, 1897. 1808. 1899, '00. ’01 1902.
Per cent.
) 8 yearly.
0
6
6
23 H 10 10
10
In 1899 paid e x tra cash d ivid en d o f Hfij* p. o.f the stock being In
creased from $3,000,000 to $4,000,000 hy sale to Hteckholderw at p a r,
In 1900 to 1902, hoi h mol , M ar , 4 p.
HnpL, 6 p. e., Inch 2 ex tra B a l
ance sheet Jan 31* 1902, V. 74, p. 1 193.— (V. 73, p , 4 46; V.|7<1, V I 1 9 3 .)
A m erican W in d o w
ORGANIZATION. In c o r p o r a t e d in
P en n sylvan ia on Aug. 2, 1899, to consolidate w indow glass plants,
exclu d in g p la te glass fo ld to have 70 per cent o f the ca p a city In
the U. H. (V. 69, p. 335. 744, 1013.) D ividend on pref, 7 p .c . y e a r ly
Mar,. 1900. Io Hep!,, 1002. Inch (3h« M.-H ) Div. on common. 1 p c.,
qu arterly, Oct., 1901, to Oct , 1902, Inch R k p o iit , Report for the
INVESTORS’ SUPPLEMENT
154
[ V o l . LXXV.
Bonds —P rin ci
IN T E R E S T OR D IV ID E N D S .
Date Size, or
pal, When Due.
Amount Rate Per When
of
Par
F o r explanation o f column headings, &c., see notice on
Outstanding Cent. Payable Where Payable, and by Stocks —Last
Bonds Value.
first page o f tables.
Whom.
Dividend.
M IS C E LLA N E O U S .
B ethlehem Steel a n d Beth. I r o n - B e e U. 8. Sh ip b u il d in g Co.
B ro o k ly n F e rry —Stock, $7,500,000...................................
B rooklyn & N ew Y ork Ferry, 1st m o rtg ag e......... o*&n.
Consol, m ortgage, $7,500,000. K .................................o*
B ro o k ly n U n io n Gas— Stock, $15,000,000.........................
1st con., $15,000,000, g. G (fo r underlying bds.see tex t)
B u ffa lo Gas— Stock, comm on...... .......................................
Preferred stock, 6 per cent, non-cumulative. ...............
1st m ortgage, $5,900,000, red. at 115, g o ld .N ...........c*
C a m b ria I r o n — Stock (4 p. c. gu aran teed).........................
C a m b ria Steel—Stock, $50,000,000...................— ............
C e llu lo id Co.—Stock, $6,000,000 authorized....................
C e n tra l F o u n d ry — Deben., $4,000,000, red. aft. 1901 105
C e n tra l < South A m e ric a n Telegraph —Stock $8,000,000..
£
Chicago J u n c tio n R ailw ays < U n io n Stock Y ards— Stock..
£
P referred, 6 per cent cumulative, pref. also as to assets.
Collateral trust, gold, $ or £ C e ..................................c*
M ort. and coll, trust ref. gold bonds, $14,000,000.s.c'<&r
C la flin ( H . B . ) C om pany —Common stock..........................
1st pref. 5 p er cent ,g o ld , cum___ $ pref. as to p rin ci-)
_
2d pref. 6 per cent, cum ulative_ ( pal and dividends. 5
C o lo ra d o F u e l
Ir o n — Common stock, $38,000,000.......
P referred stock, 8 p. c. cum., $2,000,000.
. ..............
Conv. deb., $15,000,000, g., red. at 105, te x t. 1C .c '& r
Colorado Fuel Co’ s gen. m ort., gold, s. f., red. 110. A ..e ”
Col.F. & I. gen. M .($6,000,000) g.,s.fd., red. 105.C e C'&r
Gr. R iv. Coal & Coke 1st M., g. ($125,000 g u a r.).C e..c*
1886 $500&c.
1,000
1898
100
1,000
1895
100
100
1,000
1897
50
....
50
100
... .
1899
100
....
....
100
... .
100
1890
1,000
1900 l,000& o
100
100
....
100
....
100
....
....
100
1901
1,000
1889
1,000
1893
1,000
1,000
1889
yea r ending Sept. 1,1901, in V. 73, p. 956, showed: N et, $1 412,160;
div. on pref. (7 p c.), $280,000; bal . sur., $1,132,160
Officers .—James A . Chambers, President; E. I. Phillips, Secretary;
W. G. McCandless, Treas. Office, Pittsbu rg, P a.—(V. 75, p. 187,195.)
A m e r i c a n W o o l e n C o . —Organization .—In corporated Mar. 29,
1899, under law s o f N ew Jersey as a consolidation o f the W ashington
M ills, Lawrence, Mass.; N ational P rovid en ce Mills, Providence, R I.,
etc., see Y . 68, p. 472; see also p. 617; V. 69, p. 77; Y 73, p. 446; V. 73,
p. 446; V. 71, p. 545- Statem ent to 8tock Exchange, V. 71, p. 1316.
Strike in M ay and June, 1902. Y . 74, p. 939,1198.
Stock .—A uthorized b y charter, common, $40,000,000; preferred 7
per oent cum., $25,000,000. Authorized b y stockholders to acquire
and finance properties above named and additional plants, $20,000,000 preferred and $30,000,000 common. Outstanding preferred, as in
table; common, $29,501,100. Dividends on oreferredT, July, 1899, to
Oct., 1902, both Inclusive, 7 p. c. per annum (Q.-J. 15). Only liens are
$295,000 bonds o f N ational-Providence and Chase Mills. V. 71 p 1316.
E arnings .—R ep ort fo r year ending Dec. 31,1901, in fu ll in V . 74,
p. 527, 534, showed: N et profits, $2,077,759; previous surplus ana
adjustment o f accts., $2,105,650; dividends at 7 p e rc e n t per annum,
$1,400,000; net surplus, $2,783,409. Pres., Fredk. A yer; Treas., W. M
W ood; Asst. Treas., W . H. D w elly Jr.; Sec., Jos. T. Shaw. Office, Am es
Building, Boston, Mass.—(V. 74, p. 939,1198.)
A m e r i c a n W r i t i n g P a p e r C o.—Organization .—Incorporated,
in N e w Jersey on June 25, 1899, as a consolidation o f fine w ritin g
paper m ills, producing, it was stated, o v e r 84 per cent o f the output o f
N e w England States and o ver 76 per cent o f that o f the U. S. V . 69,
. 25, 128. See prospectus, V. 69, p. 128, 227. Common stock, $12,
00,000; issued, $11,500,000; pref. stock and bonds as in table. See
V . 70, p. 998. Report fo r ye a r ending Deo. 31, 1901, w ith balance
sheet, in V. 74, p. 576, showing: N e t income, $1,301,7«2: int. on
bonds, construction, depreciation, etc.,$1,087,655; bal., sur., $214,087,
Officers .—President, Elisha M organ; Gen. Mgr., W N. Caldw ell;
Treas’r, George B. Holbrook; Secretary, E. H . H a ll, Springfield, Mass.
— (V. 72, p. 5 78; V . 74, p. 5 7 5 .)
§
A n a c o n d a C o p p e r M i n i n g . —(V. 74, p. 832; V. 75, p. 136, 850.)
A s p h a l t C o . o f A m . —S eeN at. Asph. Co. and Y . 74, p. 42.
A s s o c ia t e d M e r c h a n t s ’ C o .—O rganization .—In corporated in
A pr., 1901, in Connecticut, under special charter, and acquired the
fo llo w in g interests in dry goods businesses in the city o f N e w York,
v iz .: $4,500,100 o f the $9,i 00,000 stock o f the H. B. Claflin Co.; 12,000 o f the 18,000 shares o f preferred and 6 000 o f the 18.000 shares
o f common stock o f the Adams Dry Goods Co. and the business o f
James M cC reery & Co. o f 23d St. In Dec., 1901, purchased the busi
ness o f Posner Bros, o f B altim ore Y . 73, p 1358. J. P. Morgan &
Co. offered stock. V. 72, p. 724. The 1st preferred is exchangeable
at par at the holder’ s option into either common or 2d preferred stock.
D iv id e n d s —On preferred stocks, in fu ll to O c f„ 1902 (Q -J .) On
common first qu arterly aiv., 1%
c., payable D ec 1,1902.
R eport .—R ep ort fo r 6 mos. ending Aug. 1, 1902, w ith balance
sheet, was in V. 75, p. 440. President, John Claflin.—(V. 74, p. 1253;
V . 75. p 44 0,7 9 5 .)
B a y State G a s C o .—Stock, $100,000,000; par, $50. See p. 169.
B a r n e y Sc S m it h C a r C o .—See p age 169.
B e t h l e h e m S te e l C o .— Organization .—In corporated in Pennsyl
van ia A p ril 17,1899 (V. 68, p. 770). In Sept., 1901, m ost o f the Stee
Co. stock was purchased at $24 per share ($1 paid in), by President
Chas M. Schwab o f the U. S. Steel Corporation The Bethlehem Iron
Co. properties (previously leased) w ere purchased in A u g., 1901 See
V. 72, p. 1282, 1240; V. 73, p 339, 446. 724; V. 74, p. 632. In June,
1902. the United states Shipbuilding Co. arranged to purchase the
property. V. 74, p 1309.
Stook, $15,000,000, in $50 shares, on which $1 has been paid. D iv i
dends, 50 cents per share, paid quarterly. Sept., 1899, to June,
1901, inol.; Aug., 1901 25 cents; none since to July, 1902. For
year ending Apr. 30, 1901, net, $1,082,492; Iron Company rental,
$450,000; Steel Co. dividends, $600,000; other payments, including
$183,538 charged off, $251,088: bal., def., $218,596; previous sur., $3,463,726; total sur., $3,245,130. V. 72. p. 1240.—(Y 73, p. 80 ,3 3 9 ,
393, 146, 724, 786, 1013; V. 74, p. 632,1309; V. 75, p. 396.)
B o s t o n E l . E t .—(V. 72, p. 629, 677,1190,1282; V. 73, p. 4 4 3 )
B r o o k l y n F e r r y . —Organization .—Owns ferries from R oosevelt
St., Grand St., 23d St. and 42dSt., N ew Y ork , to B roadw ay, Brooklyn,
and from Grand St., N ew Y o rk , to Grand St., B rooklyn; also leases
Tenth & Tw en ty-third St. F e rry fo r 99 years from Dec., 1898, at 5 p. o.
on $550,000 boi ds and 5 per oent on $1,000,000 stock. V. 67, p. 1206.
Th e new fe rry from East 42d St. to Broadway, Brooklyn, was opened
Deo. 2,1901. V. 73, p. 1162. Statement to N. Y. Stock Exchange
(V. 69, p. 1102). Surplus o ver charges in 1900, $97,981. M ortgage
covers real estate in Brooklyn and N. Y . and 16 steel boats. R eport
fo r year ending Deo. 31, 1901, in V. 74, p. 1250, sh ow ed: Gross, $1,268,302; net, +569,930; int. on bonds,$412,500; rentals, $77,50u; bal
ance, sur., $79,930—( V. 73, p. 1162; V .74 ,p. 1 2 5 0 .)
B r o o k l y n U n i o n G a s .—Incorporated in N ew Y ork State Sept. 9,
1895. See plan V. 61, p. 831, and V. 62, p. 1141.
C o n tra c t— Under five-year contract w ith city in 1897, oity receives
gas at $1 per 1,000 cubic fee t fo r first year,and reduction o f ‘2 hi cents
p er 1,000 each year, paying 90 cents the last year. P riva te cod sinners
began at $1 20, w ith reduction o f 5 cents yearly, to $1. V. 64, p. 887
D iv id end s .—1896 to June, 1900, 6 p. o. yearly, paid semi an. (J-D);
Deo., 1900, 4 p. o.; 1901, 8 p. o.; 1902, to Sep., inol., 2 p. o. quar.
$6,500,000
1,000.000
6.500,000
15,000,000
14,524,000
7,000.000
1,700,000
5,805,000
8,468.000
45.000,000
5,925.000
3,863,000
7,725,600
6,500,000
6,500,000
10,000,000
4,000,000
3,829,100
2,600,300
2,570,600
23,931,000
2,000.000
12,069.000
680,000
5,311,000
934.000
6
J. & J.
5 g. F. & A.
8 in 1901 Q - M .
5 g. M. & N.
B’klyn, First Nat. Bank Jan. 1, 1911
N.Y., H.B. H ollins & Co. Aug. 1, 1948
By check from Co.’s off. Sept. 2, ’02, 2%
N. Y ., Chase Nat. Bank. M ay 1, 1945
5 g. A. & O.
4 in 190 2 A. & O.
3 in 1902 F. & A,
7 in 1902 Q .-J .
6
M. & N.
See text. Q .-J .
8 in 190 2 Q .- J .
6 in 1902 Q .-J .
5 g. J. & J.
4 g. A. & 0.
8 in 1902 Q .-J .
5 in 1902 Q .- F .
6 in 1902 Q .- F .
See text. Q .-J 8 in 1902 F. & A.
5 g. F. & A.
6 g. M. & N.
5 g- F. & A.
fe
6 g. A. < O.
N. Y., Continental Tr. Co.
Philadelphia.
Checks mailed.
N. Y . Of., 30 Wash. PI.
N Y . B ar’g,Magoun& Co.
N. Y., Office, 37 W all8t.
N.Y.,O ffice,25 Broad St.
do
do
N.Y., Cent. Tr.; London.
N. Y ., Standard Tr. Co
N.Y.,Office — Church St
do
do
do
do
Oct. 1, i947
Oct. 1, ’02, 2%
A ’ g 15,’02.750.
Oct. 1, ’02, l i *
M ay 1, 1919
O t. 8 ,’02, 1%
Oct. 1, ’02, 2%
Oct. 1, ’02, l i *
July 1, 1915
Apr. 1, 1940
Oct. 15.’02,2%
N' v .l, ’02, l i *
N o v .l, ’02, H *
Apr. 15,’ 02,1%
Aug.20,’02.4%
1st coup, paid Aug., ’02 Aug. 1, 1911
N. Y., A tlan tic Trust Co. May 1, 1919
N .Y., Chase Natl. Bank Feb. 1, 1943
N. Y. .Knickerbocker T r . Ju ly 1, 1919
B o n d s .—Mortgage o f 1895 is fo r $15,000,000 o f bonds, subject to :
Bonds.
In terest.
O utstand ing.
M a tu rity .
Citizens’ Gas 1st M ................... 5% A. & O.
*44,000
Apr. 1, 1905
Citizens’ Gas, con. M .................5 % F . & A .
253,000
Feb. 1, 1940
Union Gas 1st M ...................... 6% J. & J.
143,000
Jan. 1,1905
Union Gas L. con. M .............. 5% J. & J.
36,000
Jan. 1,1920
Pres., James Jourdan; Treas., E. R. Chapman.— (V. 73, p. 1063.)
B r o o k l y n W h a r f Sc W a r e h o u s e . —See N e w Y o rk Dock Co.
B r u n s w i c k D o c k Sc I m p r o v e m e n t C o .—See page 169.
B u f f a l o G a s .—O rganized in Oct., 1899, and consolidated the
Buffalo City Gas Co. and Buffalo Gas L ig h t Co. Owns entire s-tock and
bonds o f the Mutual Gas L ig h t Co., all the stock o f the Citizen’s Gas
Co. o f Buffalo, and about 27,000 o f 30,000 shares of stook and $2,042,000 o f $2,100,000 bonds o f People’ s Gas L ig h t & Coke Co. (see V. 67,
p. 1262).
Ootober 1 to Aug. 31,1902, 8 months, net, $306,242 R ep ort fo r year
ending Sept. 30, 1901, la V. 73, p 1158, showed net, $303,939;int. on
bonds, $290,250; bal., surplus, $13,689. A . C. Humphreys, 31 Nas
sau St., Pres.—(V. 71, p. 965, 1 0 6 6 ; V. 73, p. 1 1 5 8 .)
C a lu m e t Sc H e c l a M i n i n g . —Stock, $2,500,000; par $25. D iv i
dends 1895-96, 100 p. o.; 1896-97, 120 p. c.; in 1897-18, 160 p. c.; in
1898-9, 280 p. c.; 1899 00,320 p. c.; 1900-1, 260 p. c.; Deo.. 1900,80 p.
o ; 1901. Apr., 60 p. e.; July. 60 p. o.; Oct., 60; 1902, Jan., 40 ; May. 20;
Aug., 20. A s to dividend p o licy in 1901, V . 73, p. 393. In ,901-02
produced 39,982 tons o f refined copper, against 36, <27 in 1900-01.
R eport fo r year ending A p ril 30,1902, in V. 75, p. 238.—(V. 74, p. 42,
939; V. 75, p. 238.)
C a m b r i a S te e l C o .—Incorporated in Penn, in N ov., 1898, per plan
in V. 67, p. 688, leasing the Cam bria Iro n Co. fo r 999 years at 4 p. o.
on its $8,468,000 stock. (V. 68, p. 128.)
In Aug., 1902, about three-quarters o f the $2,500,000 Republic Iron
(ore) Co o f Cleveland stock w as acquired.
In June, 1901, a controllin g interest; was acquired b v the Pennsyl
vania RR. and affiliated roads. V. 72, p. 1282. U nder the pl*n o f re
adjustment (V. 72, p. 1190) the stock was increased to $50 000.000,
o f which $5,000,000 remains in the treasury. V. 74, p. 1253. Y . 73,
p. 84, 393.
D ividends .—F irst dividend on stock, as reorganized, Ha p. o., paid
Fe > 15, 1902; A u g 15, l i * per cent.
.
Fiscal year to end Dec. 31; n ext report to be fo r 14 mos. ending Deo.
31, 1902. R ep ort fo r 2 ^ mos. ending Oct, 31, 1901, w ith bal. sheet,
was in V. 74, p 324, show ing gross, $3,987,435; net, $821,357; other
income, $91,035; charges, $93,000; depreciation, $360,264; bal., sur.,
$459,128. Directors, V. 73, p. 339, 844.— (V. 75, p. 396. 443.)
C a r n e g ie C o .—See U nited States St e e l Corporation .
C e l l u l o i d C o m p a n y .—O rganization .—In corporated N ov. 28,
1890, in N. J. Stock, $6,000,000; issued $5,925,000; par, $100.
D ividends . 1 ’92 ’93. ’ 94. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99. ’00. ’01. 1902.
P e r c e n t . . . ) 6 5^3 4
4
4 i* 4 4*g 6
7
7 Inc. Oct,,4i*
On Dec. 31,1900, and 1901, eaoh 1% p. o. and 1 p. c. extra was paid.
Factories at N ew ark, N. J.: office, 30 to 36 W ashington Place, N. Y.
President M. C. Lefferts; V ice-President, J. A . B artow ; Treasurer, F.
R. Lefferts; Secretary, J. R. H alsey.—(V. 69, p. 1195; V . 71, p, 1168.)
C e n t r a l F o u n d r y . —In corporated in N e w Jersey on J u ly 11.
1899, and acquired m anufactories o f soil pipe, said to control 95 per
cent o f trade the in U. S. V. 69, p. 178. V. 71, p. 1222 Stock.$7,000,000 each o f com. and 7 p. o. cum. pref., o f which $350,000 o f each is in
treasury; par o f shares $100. R ep ort fo r year ending J u re 30,1902,
was in V. 75, p 340, showing: Profits, $37 8,055; bond interest,
$231,780; equipment, depreciation, eto., $89,158; bal., sur, $57,117.
President. A lfre d F ow le Jr.; Seo. and Treas., W. L. Rogers.—(V. 71,
p. 1222; V. 75, p. 292, 340.)
C e n t r a l Sc S o u t h A m e r i c a n T e l e g r a p h . —Owns cable lin e from
V eraC ru z, Mexico, to Valparaiso, Chili, 4,750 miles, and land lines
850 miles, eto. A lso the Trans-Andine telegraph lines, 1,200 miles.
Connects at Yera Cruz w ith M exican Telegraph Co., and owns an in ter
est in cable betw een Galveston and Coatzacoalcos, 825 miles, eto.
D ivid e nd s , ) 1885. ’ 86. ’ 87. ’ 88-’96. ’ 97. 1898 to July, 1902. 0ot.,’02
P e rc e n t. ) 4
4
6 7 y ’r ly 6%
6 yearly (Q.-J.)
1%
In 1890 20 p. c. in stock. F or 9 mos. ending Sept. 30.1902, gross,
$726,411; net, $441,911; div. (4Lj p. o.). $347,652; bal., sur., $94,259.
Y e a r 1901, gross, $982,053; net, $549,718; dividends, $463,536.
Office, 37 W all St.—(V. 65, p. 666; V. 71, p. 1312.)
C e n t r a l U n i o n T e l e p h o n e C o . —See p age 169.
C h e s a p e a k e Sc D e l. C a n a l . —See page 169.
C h e s a p e a k e Sc O h i o C a n a l—Su p . 1890; V. 72, p.875; V.74,p.329.
C h i c a g o E d i s o n . —V. 72, p. 1240; V. 74, p. 208, 529, 9 84 ,1253 .
C h ic a g o J u n c t i o n R a i l w a y s Sc U n i o n S to c k Y a r d s .—Or
ganization .—Incorporated in 1890 in New Jersey, and purchased 98
per cent o f the stook o f Union Stock Yards & Transit Co. o f Chicago.
Thus controls o ver 450 acres o f land (w ith one m ile o f w ater front),
containing warehouses, sheds and pens to accommodate 75,000
cattle, 300,000 hogs, etc. See Chicago Junction Ry., in “ Railroads.”
D ivid e nd s .—On pref., 6 p. o. ye a rly (Q.—J.). On common 1891, 10;
1892 to Oct., 1802, inol., 8 p. c. ye a rly (Q-J). V. 70, p. 328.
B onds .—The c o lla te ra l tru s t bonds are secured by pledge o f over
90 p. o. o f the stock of Union Stook Yard Tran sit Co. Of the $14,000,000 4 per cent bonds, $10,000,000 are reserved to take up the col
la tera l trust 5s. See V. 70, p. 1251; V. 72, p. 389.
MISCELLANEOUS STOCKS AND
O c t o b e r , 1902.]
BONDS
135
General Offices,
Iron lands.
Steam coal lands.
Laram ie Steel Works.
Dry domestic coal lands.
Elk Head Mountains. Anthracite lands.
Domestic coal lands.
Semi-caking' steam and domestic coal lands.
Serai-caking steam and domestic coal lands.
D ry domestic and steam coal lands.
Coke Ovens.
Semi-caking domestic coal lands.
Semi-caking steam and domestic coal lands.
Coking coal mines,
Coke Ovens.
Coking coal mines.
Anthracite mines.
Anthracite mines,
Coking coal mines. Coke Ovens.
Clay properties.
Iron lands.
Iron lands.
Iron lands.
Iron lands
Lignite lands.
Iron lands.
Ir o n lands.
Dorn critic coal lands.
Steel Works.
Limestone QuarHm
Domestic coal mine.
Domestic and steam coal rnli
•
4
H
M
**
Iron lands.
Coke Ovens.
Domes Ue and strain coal lands.
Anthracite m in m .
Lignite coal mines-
•
:
.
Y • if*
■
• M *.J/
_
s
, A
Iron mines.
Iron lands.
LOCATI ON
........................... ................./
OF THE
COAL & IRON
PROPERTIES
OF
The Colorado F uel & I ron CO,
IN
COLORADO, WYOMING
UTAH a n d NEW MEXICO
/
•
"
■r'i, \ '
} / M
a
I
'
'A ' A -
h
;S
I Ij**
'
u 7
'
r,tY ,: *
,
■
,
T r * v n > 7 ■v
,iLW
sif;* 1
y
y ,lV y .y y * '
/
.L
- ■/, ■ K
,y '#
LOCATION AND
LOCATION AND
U \
.......... \
>
J, ^
M A H K m
\
C o lo ra d o Fuel . Iron Co.
A
tihown hi/ the ithcu
Shown hy
Shaded fh-eUcm
-
INVESTORS’ SUPPLEMENT.
156
V ol . LXXV,
Bonds —Prin ci
IN T E R E S T OR D IV ID E N D S .
Date 8ize, or
pal When Due.
Am ount
of
Par
For explanation o f column headings, &c., see notes on
Outstanding Rate per When Where Payable, and by Slocks—Last
Bonds Value.
Whom.
first page o f tables.
Dividend.
Cent. Payable
M IS C E L L A N E O U S .
Colorado Fuel < Ir o n —( Concluded)—
6
Col. Coal & Ir. D evel., 1st M., g., gu.,red. 105.Ce..c*&r
Rooky Mountain Coal & IroD, 1st m ort , gold, guar......
Coi.ce Hock. Coal < Ir o n —1st M., g., (old 6s lnt. red.jt e.c*
£
Commercial Cable—Stock ($15,000,000).............................
F irst M. (incl. deben. £ stork), $20,000,000, gold.F.c& r
Com m ercial U nion T e le g '.—Stk., gu., 6 p . c , Post. T el Cab.
Compressed A ir —Stock. $755,000 is 6% non-cum. p r e f...
1st m ortgage, $500,000, g o ld .M o . V. 70, p. 844.........
Consol. Gas o f B altim ore—Stock auth., $11,000,000........
1st m ortgage bonds....................................................... c
c*
Consol. 1st M.. gold, $7,000,000. m e B a ..............
Certificates o f indebtedness, gold, red. beginn’ g 1907..
Consolidated Gas (N . Y.) - Stock—$80,000,000.................
Debentures...................................................................... r
B onds
of
Com panies Controlled .
N .Y .E d .-N .Y .G .& E .L .H & P.lstM .$15000000,g.M oc*& r
Pur.mon.M.,$21,000,000,g.,sub.to call to F e b ’O iO e.c*
Edison Elec, ill., N. Y „ 1st M.. gold, red. at 110 Ce..c*
First consol, m ortgage, $15,000,000, gold. M o ...... c*
Mt. Morris Elec. Lt., 1st M., g., red. at 105 Oct. 1,1900
U nited Elec. Lt. & Pow er, 1st mort., $5,370,000.U n ...
Brush E lectric Illu m inating, 1st m ortgage....................
Equitable Gas L. cons, (now 1st) M .C e ) Assum ed by (
Debentures, subject to c a ll................... 1
New
j
N .Y. & East R iv e r Gas ls tm o r t..g .G c* f A m sterdam ]
1st con. M., ($5,000,000),go ld .K . . .c* j
Gas Co.
(
1889
1901
1887
—
1897
....
1880
1900
1888
1902
....
1888
1898
1899
1890
1895
1890
1894
. _- .
....
1896
1894
1895
$1,000
$673,000
5 g.
750,000
5 g.
i,o o o
859,000
5 g.
100 13,333,300 8 in 1902
$& £
20,000,000
4 g25
500.000
6
100
7,156,300
1,000
305.000
5 g.
100 10,770,968 3% in ’01
500 &c.
3,584,500
6
1,000
3,253,000
5 g.
1,000
500,000
4^sg.
100 72,916,500 8 in 1901
1,000
1,461,000
5
1,000
1,000
1,000
1,000
1,000
1,000
.....
1,000
100
1,000
1,000
R eport .—Report in V. 74, p. 476, showi d:
1899.
1900
1901.
.$1,857,625 $1,854,311 $1,768,485
28,382
84,049
.
236,911
73,845
66,768
62,608
General expenses, rents, <fec.
646,050
627,603
.
706,000
910,000
910,000
.
910,000
D ividen ds___
90,000
90,000
55,000
D epreciation.
$84,049
$236,912
. $366,928
1900.
1899.
1898.
TJn StockYds.& Tr.Co.— 1901.
_____
Gross earnings...... $4,401,216 $4,154,481 $3,977,139 $3,731,542
2,042,743
2,023,386
2,117,851
2,085,005
N e t earn in gs..........
D irectors .—Chauncey M. D epew (Chairman), E N. Foss, Boston;
N a tion a l Thayer, Boston; John K ean Jr., N. J.; F. H. Prince,
Boston; A lb ert H. V eeder and P. A . V alentine, o f Chicago; Wm. D.
Guthrie and W illiam C. Lane, o f N e w Y o rk ; G eorge Peabody Gardner,
Boston. N. Y . office. 40 W all.—(V. 74, p. 154, 4 7 6 ; V . 75, p. 612.)
Year endiug Dec. 3 1 -
C h i c a g o P n e u m a t i c T o o l . —See p age 169.
C h i c a g o T e l e p h o n e C o .—(V .7 3 ,p. 1266; V .7 4 ,p .2 7 0 , 5 2 7 ,5 2 9 .)
C l a f l i n ( H . B . ) C o m p a n y . —Incorporated under the law s o f N ew
Jersey in May, 1890, and deals in dry goods. Its premises have a
fron tage o f 375 fe e t on W orth Street, N. Y . City. V. 71, p. 83. A sso
ciated M erchants’ Co. owns $4,500,100 o f the $9,000,000 stock. See
that com pany above. V. 72, p. 724.
D iv id e n d s .—’ 90-’9 2 . ’ 9 3 .’ 94 to A p r.,’99. J’y.&O.,’99. ’00. ’01.
’02.
Common, p. c .. 8 y e ’ly. Th.
6 (H e Q.-J.)
2 each.
8
8
8
P referred stocks —In fu ll to N o v., 1902.
R epo rt .—R ep ort fo r half-year ending June 30,1902 (V. 75, p. 137).
N e t fo r dividends, $317,378, against $303,098 in 1901; interest on 1st
and 2d pref., $142,125; dividend on common (4 p. c.), $153,164; bal
ance, sur., $22,088. R eserve fo r com. stk, June 30, 1902, $1,215,160.
Profits fo r calendar years before deducting any dividends: In 1901,
$650,554; 1900, $914,354: in 1899, $1,247,851.—(V. 75, p. 137.)
C o l o r a d o F u e l & I r o n . —("See M a p ) A Colorado corporation
form ed in Oct,, 1892, b y consolidation [V. 55, p. 373,639,] o f Colorado
Fuel and Colorado Coal & Iro n companies. See V. 62, p. 461. In A ug.,
1902, John W. Oaves and others fo rm erly identified w ith the Am er.
Steel & W ire Co. (now U. 8. Steel Corporation) claim ed to ow n a ma
jo r ity o f the stock and w ere seeking to obtain control. V. 75. p. 187,
344, 396, 500. In 1901 the annual capacity o f finished steel products
was shortly to be 550,000 tons. V . 73, p. 561.
Sto c k .—Preferred is $2,000,000 8 per cent cum ulative (par $100).
On Sept. 25, 1899, the stockholders voted to increase the common
stock from $11,000,000 to $23,000,000, fo r im portant additions and
im provem ents, all being issued from tim e to tim e as required, and on
Ju ly 13, 1901, to further increase the same to $38,000,000 to provide
fo r conversion o f the debentures. See below . V. 69, p 494, 540, 697;
see also circular in fu ll, p. 652, 653, 794, and circulars V. 72, p. 1284.
B onds.—See application for listing bonds V. 62, p. 461.
Th e 5 p. c. debentures o f 1901 are convertible at the option o f
the holder into common stock at par from Feb. 1,1902, to Aug. 1,
1906, inclusive, and redeem able at the option o f the company at 105
after Aug. 1.1906. The proceeds w ill be used fo r the construction o f
au xiliary plants to m anufacture tin plates, hoops, rods, w ire, nails,
etc., the rem aining $2,000,000 being reserved fo r additional property.
—V. 72, p. 99o and circular V. 73, p. 561, and application to list, V. 74,
p. 731. In Apr., 1902, $931,000 had been converted. V. 74, p. 939.
Dividends .—
1893. ’94. ’95. ’ 96. ’97. ’98 ’99. 1900. ’01. 1902.
Com m on............ 1 % %
0
0
0
0
0
0
0
3 ^ B elow
P r e fe r r e d .......... 8 (4 sc.) 4 sc. 0
8
4
0
0 ----- See below .---- During i 900 40 p. c, was paid on preferred, com pleting paym ent o f
overdue dividends V. 71, p. 544, 601, 1069. From Feb., 1901, to
Aug., 1902, boih inol. 8 p. c. yea rly (F.&A ) On common, quarterly
dividend o f l % p c. paid July 15, 1901, to Apr., 15, 1902, inclusive;
the July, 1902, dividend was passed. V. 75, p. 32.
L atest E arnings —F or 11 mos. ending M ay 31, 1902, gross earn
ings, $12,562,545; total net incom e a fte r deducting expenses o f man
agem ent, $1,600,162; fixed charges and taxes, $7o7,520; sink, funds,
etc., $285,060; div. on pref. stock (7*3 p. o.), $146,667; bal., surplus,
$460,915.
R e po rt .—R ep ort fo r 1900-01 at length in V. 73, p. 552, 559.
/
—
Ovocs
Net
Year end’g June 30.
1901.
1900.
1901.
1900.
Fu el departm ent....... $5,589,353 $5,105,302
$969,233 $1,137,696
Iron departm ent....... 6,266,877
4,928,652
1,333,088 1,387,845
R etail dept., eto.........
390,316
316,076
39,738
26,045
T o ta l................. $12,246,546 $10,350,030 $2,342,059 *2,551,586
B al.to ino. acct. aft. deduot’ g gen. expenses
$2,142,671 $2,349,682
Interest, $329,926; taxes, exchange, eto., $93,886; sinking fund,
$426,938; div. on pref. (32 p. c.), $640,000; balance, $651,921.
Of fic e r s .—J. C. Osgooa, Chairman; J. A. Kebler, President; John
L. Jerom e, Treas. Office Denver, Col. N ew Y o rk office, 71 Broadway.
—(V. 74, p. 1357; V. 75, p. 32,187, 241, 344, 396, 443, 500, 735.)
C o lu m b u s & H o c k i n g C o a l Ac I r o n C o m p a n y . —Organized at
Columbus, O., Jan. 26,1883, and owns large coal and iron properties
(13,250 acres o f land) in Ohio. See V. 44, p. 278; V. 63, p. 559.
O r g an iz a tio n .—Reorganized in 1898 w ithout foreclosure per plan
in V. 65. p. 976, interest being reduoed from 6 to 5 per oent.—V. 65, p.
867,976; V. 67, p. 28—see ena’t on bond V. 66, p. 81. Stook author
ized, oommon, $7,000,000 (par $1< 0), increased Apr., 1901; outstand
ing, $6,912,400; balance reserved to retire $20,400 rem aining 5 per
11,500,000
20,929,391
4,312,000
2,188,000
988,000
4,838,000
275,000
3,500,000
500,000
3,500,000
1,500,000
5
4
5
5
5
5
5
5
5
5
5
N e w York.
J. & J.
M. & N. N .Y.,K nickerbocker Tr
J. & J. N. Y., Central Trust Co.
N. Y., 253 Broadway.
Q .-J .
Q .-J . N .Y ., F .L .& T .C o . & O ff
N e w York.
J. & J.
Apr. 1, 1909
M ay 1, 1951
Jari. 1, 1917
Oct. 1, ’02,1%
Jan. 1. 2397
July, 1902, 3%
A.&O. it> N. Y., Off., 24 State St.
Baltimore.
J. & D.
J. & J. Farm. & Mer.Bk., Balt.
Nat. Bank o f Balt.
J. & J.
J. & J. Colonial Tr. Co., Balt.
Q.-M.15 N. Y., Office, 4 Irv in g PL
M. & N. N. Y ., Office, 4 Ir v in g PI.
Apr. 16, 1920
June 1/02, l 1
*
July i, 1910
July 1, 1939
Ju ly 1, 1912
Sept. 15, ’02, 2
M ay 1, 1908
g. J. &
g. F. &
te
g. M. <
g. J. &
s. M. &
J. &
J. &
g. M. &
M. &
g. J. &
J. &
g-
D. N. Y ., M orton Trust Co.
A. N. Y ., Central Trust Co
S. N. Y ., Guaranty Tr. Co.
J. N. Y ., M orton Trust Co.
8. N. Y ., Cent. Trust Co.
J. N. Y ., U nion Trust Co.
N ew York.
J.
N.
S. 1 Y ., Central Trust Co.
do
do
N.
J. 'N .Y. Guaranty Trust Co.
J. iN. Y ., K n ick’b ’r Tr. Co.
Dec.
Feb.
Mch.
July
Sept.
Ju ly
1,
1,
1,
1,
1,
1,
1948
1949
1910
1995
1940
1924
Moh.
M ay
Jan.
Jan.
1,
1,
1,
1,
1932
1906
1944
1945
cent preferred stock. V. 72, p. 1185. In M ay, 1902, change o f con
tro l took place V. 74, p. 886, 1088, 1141.
E arnings 2 m onths,) 1902.................. Gross, $37,336; net, $32,151
Ju ly 1 to Aug. 31. $1901. ............... Gross, 18,315; net, 11,511
Surp. o ver 2 mos. charges, $22,743 in 1902, against $1,443 in 1901.
R e po r t .—R ep ort fo r yea r ending Mar. 31, 1902, V. 74, p. 1193:
J r . to M ar. 31. Gross.
Net.
Other inn.
Charges. B al., sur.
1901-02...........$601,153
$90,673
*$18,424
$55,512
$50,027
1900-01............ 576,156
101,c73
...........
52,325
49,348
* Bonus on exchange o f stock, etc — (V. 74, p. 1088,1141, 1 1 9 3 .)
C o m m e r c i a l C a b le C o .—Owns three cables from N o va Scotia
to Irela n d ; one from Ireland to H avre, F ran ce; tw o from Ireland to
Bristol, E n gla n d ; tw o N o va Scotia to N e w Y o rk and one to Rockport,
Mass., &c.; and one from F a yal (A zores), to Canso (N ova Scotia), one
from F a yal (Azores) to Ireland; tota l cables 13,000 miles. Jan. 1,1897,
Postal Telegraph Cable Co. was purchased and Its stock o f $15,000,000
m ostly exchanged, $ fo r $, fo r 4 p. c. bonds. The first m ortgage covers
all the property and leases and also the stocks owned of the various
companies con trolled - see V. 64, p. 951; V. 72, p. 535 Postal Co. Deo.
31,1901, had 184,232 miles o f w ire (land lines), 3.066 offices. The
Postal Co has a 15-year contract from July 1, 1902, to operate over
Pennsylvania RR. lines east o f Pittsburg, including about 1,000 com
m ercial offices; further arrangements o ver the rem ainder o f the system
are expected to be made when present contracts expire. V. 74, p.
1357; V. 75, p. 79.
8to c k .—In Dec., 1899, stock was increased from $10,000,000 to $15000,000 and $3,333,300 subscribed b y stockholders.—V. 69, p. 1195.
D iv id e n d s .— ) ’ 8 9 . ’ 90. ’ 91 t o ’96. 97-’98. ’99. ’ 00. ’01.
’02.
Per cen t...........( H a
6
7 yearly.
8
8
8
8
8
R e po r t .—Fiscal year ends Dec. 31. R ep ort fo r 1901 in V . 74, p. 527.
Years.
Gross.
Net.
In i., etc. D iv’ds.
Reserve.
1901...... $3,371,063
$2,264,893
$788,691 $1,066,664 $500,000
1900 . . . . 3.296,151
2,283,386 723,719
1,066,664 500,000
Office, 253 B roadw ay, N .Y .—(V. 74, p. 529, 1357; V. 75, p. 850.)
C o m m o n w e a l t h E l e c t r i c C o . o f C h i c a g o . —(V. 74, p. 1137,
1198, 1254; Y . 75, p. 79, 292.)
C o m p r e s s e d A i r C o . o f B o r . o f M a n h a t t a n . — See page 170.
C o n s o l i d a t e d C a r H e a t i n g C o .—Supplies steam and hot water
apparatus fo r heating ra ilw a y trains and electrio L aters fo r street
cars, etc —Y. 70, p. 232. Stock, $1,250,000; outstanding, $1,130,400;
par $100. D ividends F. & A.
D iv ’s— )
1892 1893 1894 1895 ’ 96 ’ 97 ’ 98 ’99 1900 Sinoe,
P e r cent. 5
3
3
6
1
3^% l 1 3
^
4
Th,
6
In 1899, Feb., 1 ^ p. c.; Au g., 2 l > p. c. In 1900,
p. o., including
1 p. o. extra; Aug. 1, 5 p. o., including 3*v p. o. extra; 1901, Feb., 21
*
p. c., incl. 1 p. o. extra; Aug., 3 p. c., incl. 1*2 P- o. extra; 1902, Feb. 1
and Aug. 1 each 3 p. c., inol. 1 ^ p. o. extra. Officers and directors
June, 1900, V. 70. p. 1252. Office, 413-423 North Pearl St., Albany,
N. Y .—(V. 70, p. 232, 1252; V. 73, p. 289.)
C o n s o l i d a t e d G a s o f B a l t i m o r e C i t y . —Incorporated May 5,
1888, under the law s o f M aryland, in July, 1902, new management
was elected. See Chronicle Ju ly 26,1902.
P rice o f gas was reduoed on J u n e l, 1900, from $1 25 to $1 10 per
1,000 cubic feet.
V. 70, p. 431, 635, 794. 1097. In June, 1902, it was
arranged to sell $1,500,000 4>s p . c. certificates o f indebtedness fo r im
provements, o f which $500,000 at onoe, balance in 1903 if the com
pany desires. V. 74, p. 1310, 1358; V ->5, p. 32, 137. Official state
ment, g iv in g statistics, etc., V. 74, p. 1358.
D ividends .— ) 1891. ’ 92. ’93 t o ’96. ’ 97. ’ 98. ’99. '00. ’01. 1902.
P er c e n t ...) 3
4 ^ 5 yearly. 4% 4% 4
fc% 3% June, l 1
*
E arning s .—Statem ent fo r year ending June 30,1902, was in V. 75,
p 13
showing, gross, $1,757,763; net earnings, $749,353; fixed
oharges, $377,720; bal., sur., fo r div. (inol. $8,095 premiums from sale
o f bonds), $379,728.
Offic e r s .— President, Ferdinand C. Latrobe; Sec., N. T. Meginness;
Treas., Jos. W. Clarke: office, 19 South St., Balt. Directors, July,
1902, V. 75, p. 187.—(V. 7 5 ,p. 32, 1 3 3 , 137.)
C o n s o l i d a t e d G a s o f N e w Y o r k . —This company was organized
N ov. 11, 1884, as a consolidation, and in 1899 00 secured control of
all the other gas companies and o f all the electrio ligh ting properties
in Manhattan, N e w Y o rk City. The companies controlled are de
scribed below . L a w regu la tin g price ot gas, see V. 64, p. 1000.
Dividends Form erly 6 per cent; from June, 1893,|j to 1898, 8
p. c. yearly; in 1899, 5>i p. o.; 1900, Maroh, 1 p. c.; June. 1 p. o.;
Sept., 1900, to Sept., 1902, both inclusive, 8 p. c. yearly (2 Q.-J.). In
June, 1900, price o f gas was restored to legal rate. V. 71, p. 131 .
St o c k .—In Mar., 1900, stock increased from $39,078,000 to $54,595,200, and in July, 1900. to $80,000,000 to com plete the control of the
gas and electric ligh t business in Manhattan, to provid e for improve
ments,etc. O f the last issue, $13,648,800 was subscribed for by stock
holders at $150 per share and $900,000 was issued in Feb., 1901; $6,822,900 to remain in the treasury. The controlled properties acquired
in 1899 00 are described below. See also V. 70, p. 1293 (see also p.
1051. 1097, 1197; V 71, p. 184, 544). Office, 4 Ir v in g Place.
Bal. sheet Jan. 31, 1901, V. 72, p. 436; President’s statement, V.
74, p. 266.
Officers —President, H arrison E. G a w try; Seo., Lew is B. Gawtry
Treas., G. W. Doane. T rustees —Wm. C. W hitney, H. E. Gawtry;
Samuel Sloan, J. P. Huggins, W. R ockefeller, M. T a ylo r Pyne. Geo.
F Baker, Jas. Stillman, S. Palmer, Frank Tilford, F. A. Sohermerkom,
A. N. Brady, T. F. R y a n .- (V . 74, p. 2 6 6 ; V. 75, p. 188.)
MISCELLANEOUS STOCKS AND BONDS
October , 1902.]
Id?
Rowcfs—P rin ci
IN T E R E S T O R D IV ID E N D S .
Date Size, or
pal,When Due.
Am ount
When Where Payable, and by Stocks—Last
R ate Per
of
Par
For explanation o f oolumn headings, &o., see notes on
Outstanding
Payable
Cent.
Whom.
Bonds Value.
first page o f tables.
Dividend.
M ISC E LLA N E O U S .
Consolidated Q a s(N . T .)—(C on clud ed ) N ew A m s’dam 1st cons. M .,gold, $20,000,000._Ce.o*<fcr
Central Union Gas, guar. p. & i., N. Y . & E. R ....C e .o *
No. Union Gas, 1st M., $1,500,000, g., not g u a r .K . ..o*
Standard Gas Ligh t, 1st m ortgage $1,500,000, g o ld ...c
Consolidated Lake Su perior—Com. stock, $82,000,000...
Preferred stock, 7 p. c. non-cum., $35,000,000..............
Consolidated Tobacco—Stock, $30 000,000.................. Coll trust M , gold, $158,000,000 (see text).M o...c*<fcr
Consolidation Coal—Stock..................................................
1st M., $750,000, g.,sin k.fd., red. each Jan. at 105. G ...
Continental Tobacco—Stock, common, $50,000,000.........
Stock, pf. (as to assets and. div.) non-cum., $50,000,000
Gold debentures, $2,000,000 (V. ", 0. p. 3 3 1 )..................
C o m Products—Common stock, $50 000,000...................
P ref. stock, 7 per oent, cum., $30,000,000 ............ .......
U
nassum ed
B onds
of
a l l ie d
1898 l,000& c
1897
1,000
1,000
1897
1,000
1890
100
....
100
100
1901 50 &o.
100
1,000
1897
__
100
100
1900 100 &c
100
—
100
C o m p a n ie s .
Nat. Starch, deben, g., s. f., $8,000,000, call 105. U s m . 1900
....
U nited States Sugar Refinery, gold, 1st m ortgage ...
N a t’l Starch M fg. Co., 1st M.., gold (sinking fund) ITIa 1890
N. Y . Glucose Co. 1st M., $2,500,000, g., s . f. See text. 1901
>
C rucible Steel Co. o f Am er.—Pref. stock, 7 per cent cum
8t. C lair Furnace, 1st M., g., p & i. guar. (e n d .).P P i.c * 1901
St. C lair Steel, 1st M., gold, guar., $2,250,000.U P i .c* 1901
Clalrton 8teel,M ., g.,p. & i. gu .,du e$500,000y ’r ly U P i 19e2
Cumberland Telephone <■Telegraph—Stock, $10,000,000.. ___
£
1st mort., $1,000,000, gold, s. f, (other bonds see t e x t ) . 1898
1,000
1,000
1,000
Text.
100
1,000
1,000
1,000
i,o o 6
(1 ) NEW AMSTERDAM GAS.
In corporated N ov. 1,1897, and consolidated N. Y . & E ast R iv e r and
Em (-; a.> Ligh t, per p l a n V. 66, p. 133. Owns entire $7,000,000 stock
o f N e w Y o rk Carbide & A cetylen e Co.
Se c u r it ie s .—The stock authorized is $13,000,000 o f common
stock, $10,000,000 o f 5 p. c. preferred, cum ulative a fter N o v. 1,1900,
N ew cor sol. 5s for $1,365,000, p referred stock $1,000,000 and common
$835,000 in June, 1900, w ere m treasury available fo r future needs.
P a r o f shares $100. O ver 80 p er cent o f the outstanding stock is held
b y the Consolidated Gas Co. V. 70, p. 897, 948,1052,1197,1252.
(2) NEW YORK EDISON COMPANY.
Organized M ay 23, 1901, as a consolidation o f the N. Y . Gas & Elec.
L igh t, H eat & P o w er Co. and the Edison Elec. Ilium . Co. o f N Y . Owns
la rg e pow er plant located on 1st A ve., betw een 38th and 39th Streets.
V. 69, p. 704; V. 68, p. 1025; V. 70, p. 283, 482. Stock, $45,200,000,
p ra ctica lly all owned by Consol. Gas Co. Y . 72, p. 1038.
B onds .—The first 5s o f 1898 (authorized issue $15,000,000) are se
cured Dy a first lien on the com pany’ s n ew p ow er plant and otherproperty and pledge of various securities; list see V. 68, p. 773, 824, 1025.
Th e 48 o f 1899 are secured b y a purchase m oney lien on the form er
Ed. Elec. Ilium , property, subject to bonds o f 1890 and 1895, and by a
second m ortgage lien on the rem aining property o f the consolidated
company, V. 72, p 939,1038.
(3) NEW YORK MUTUAL GAS LIGHT CO.
In corporated in N e w Y o rk Apr. 17, 1866, under special charter.
8tock, $3/00,000. o f which o ver a m ajority, it is understood, is held
in the interest o f the Consolidated Gas Co. P a r o f shares, $100.
D ividen d s — > 1894 to 1897. 1898. 1899. 1900.1901. 1902
Since 1893, p c . j
9 yearly.
8
7
3
9
9
1901, Jan., 4 p. c., Ju ly, 5 p. c.; 1902, Jan., 4; July, 5 p. e.
(4) STANDARD GAS LIGHT CO.
Organized in 1886. Owns 160 m iles of gas pipes north o f 13th St.,
N ew York. The Consolidated Gas Co., it is understood, owns a tw o
thirds o f the stock, which is $5,000,000 common and $3,721,100 pref.
Y . 70, p. 1099.
D iv s — ’ 91. ’92. ’93. ’94. ’ 95. ’9 6 .’9 7 .’9 8 .’9 9 .’00 1901. 1902.
Oom. % ................................
1
4
5 8
5
0
June, 2 June, 3
Pref. % .. 3% l i g
4 4
5ig 4 ^ 6 8
6
2%
6
June, 3
In June, 1901, dividends on common stock were resumed, and he
preferred increased to a 6 per cent rate. V. 72, p. 1241. Office, Third
A ve. and 49th 8t., N. Y. V. 71, p. ) 273; V. 72, p. 1241.
C o n s o l. G a s o f P i t t s b u r g . —See Pittsbu rg in St . R y . St o p .
C o n s o l, L a k e S u p e r .—Seep. 169.— C o n s o l, a c e .—See A m .Ice Co.
C o n s o lid a te d R a i l w a y L ig h t in g & R e f r ig e r a t in g C o,
—In corporated in N ew Jersey in M ar., 1901, to take over, per plan
V. 72, p. 677, the Consol, Ry. Elec. L igh tin g & Equipm ent Co.
(see Stipe. Jam, ’01, and baL sheet, V .7 2 ,p . 578; V. 74, p. 328), S afety
Third Rail Co. and th European Ry. R efrigera tin g Co , and control
in addition the chloride of eth yl system o f ear refrigeration . Stock
authorized. $22,00 ,000; outstanding, $17,500,000; par o f shares,
$100; $1,400,000 was to remain in the treasury fo r future require
ments. Factory at Derby, Conn. No bonds. Directors, V. 74, p. 632,
Pres., Isaac E. Rice; Vice-Pres, and Gen. Mgr , S. Marsh Young. Baiiance sheet of Dec.31, 1900, V.72, p.578 (V. 74, p. 154, 208, 329,632.)
C o n s o lid a t e d R u b b e r T i r e C o —See page 170
C o n s o l i d a t e d T o b a c c o C o .—O r g a n iz a t i O' .—Incorporated in
N ew Jersey on June 5, 1901, and acquired the greater part o f the com
mon stocks of th<* Am erican and Continental Tobacco companies and
through them control o f the A m or/an Cigar Company, V. 72, p.
1138,1190. V. 72, p. 1282 See B o n d s below. The H avana Co., formed
in May, 1902, as a consolidation o f the Cuban tobacco companies, is
controlled in the same interest. V. 74, p. I 4 i .
In r e p t , I9c2, an agreem ent was made w ith the Im perial Tobacco
Co, o f England by which t e t * o companies are le it undisturbed in
their own countries, respectively, the exp ort business o f both Ic in g
turned o ver to the British-Am erican Tobacco Co., o f whose $30,000,000 stock the Consolidated Tobacco Co. owns +20,000,000 and the im
perial owns $10,000,000. See V. 75, p, 735; V. 73, p. 618, 7-4, 1359.
STOCK A B o n d s .—Stock, $30,000,000; all paid In; par of shares, $100.
The bonds are issuable only to acquire eemtnon stocks of Am erican
and Continental Tobacco companies a t the rate o f $ 2 0 0 in bonds for
$100 o f American Tobacco stock and $100 In bonds fo r $100 o f C on ti
nental Tobacco, and arc secured by stocks of those companies aoqtiire.d. upon which, as also other property, they arc, a Item V. 73, p
389. Balance sheet of Aug, 31, 1901, V. 73, p. 002.
O f f ic e r s . -James B. Duke, President; Thomas K, Ryan, First. VicePresident; .1. B. ( obb. Second Vice President; O, K, Fauoette, Third
Vice President; W illiam R. Harris, Treasurer; O 8. Keene, Secretary.
Directors. V. 72, p. 1138.- (V. 74, p. 530, 082, 082, 729, 777, 1141.)
C o n s o lid a t e d W a t e r C o . o f ( f t l e a , TV. V , -In corporate 1 In
N ov , lH99,and by purchase o f existin g properties acquired control of
practically all the w ater available for city of U tica, N. Y . V. 09, p.
950, 1064. Stock, co union, $1,500,000; pref.. 5 p. e. non dim ., $1 OOO.
000; par o f shares, #100. f irst mortgage, $2,500,000 thirty-year gold
5 J clue Jan 1, 1030, Lot. J.&J , at L-onUrinot.aJ Trtiwt (Jo., N o w York,
#,
tr r m im , F r m . , ( lo o . 0, Runorrl.
(V . 7 5 , p, 013.)
P m ,s o M e n t io n ('o n i C o .—Incorporated in 1804, Baltim ore A
Ohio Hit, owns $3,810,000 stock. Coal mined In 1901, 1,085,38 i tons;
In 1900 1,106,810 tons. Owns $1,500,000 stock of Cumberland A
Penn. RR, (which see) and guarantees its $1,000,000 bonds.
_ D iv id e n d s since 1883: for 1884 and 1885, J; Tor 1880, %; Tor 1887,
for 1888, 2 ’ t ; from 1889 to Feb,, 1902, Inclusive, 2 p, o, yearly.
$9,635,000
3,250,000
1,250,000
1.362,000
73,427,700
26,444,500
30.000,000
156,516,800
10,250,000
508,000
48,844,600
48,846,100
1.581,100
44,541,700
27,097,110
5
5
5
5
g.
gg.
g.
J.
J.
M.
M.
&
&
&
&
J.
N ew Y ork Office.
Jan. 1, 1948
J. N .Y ..H .B . H ollins & Co. Ju ly 1, 1927
N. N. Y .,H . B.Hollins < Co. N ov. 1, 1927
fe
N. N. Y ., Merc. Trust Co.
May, 1930
7 in 1901
Q .-M .
Checks mailed.
8ep. 15/02,1%
4 g2 in 1902
4ie g9 ^ in ’02
7 in 1902
7 g.
F. < A.
fe
Feb. 1
J. & J.
Q .-J .
Q .- J .
A. & O.
Q.—J.
Q .- J .
N. Y ., M orton Trust Co.
N. Y ., Guaranty Tr. Co.
do
do
N .Y ., Manhattan Trust.
do
do
Baring, Magoun & Co.
Aug. 1, 1951
Feb. 1, ’02. 2%
Jan. 1, 1922
Oct. 2, ’02, 2ia
Oct. 2/02, 1%
A pr. 1, 1905
N. Y ., Cuyler, M. & Co. Oct. 10, ’02,1%
4,137,000
5 g.
778,000
6 g.
3,002,000
6 g.
2,500,000
4 g.
25,000,000 7 in 1901
3.000.000
5 g2,250.000
5 g.
4,000.000
5 g.
9,105,400 7 in 1902
910,000
5 g-
J. & J.
J. & D.
M. & N.
M & S.
Q .-M .
F. & A
J. & J.
J. & J.
Q —J.
J. & J.
N. Y „ U. S. Mtg. & Tr. July 1, 1925
Ju ne,’0 L in t. paid July Dec. 1, 1921
N .Y ., K ean ,V an U.& Co. M ay 1, 1920
Sept. 1, 1926
Sep. 29,’02,1%
Checks mailed.
N. Y ., Colon Tr.& Pitts. Aug., 1910-39
Union Tr. Co., P ittsb ’g Jan., 1904-25
do
do
July, 19u4-’ 13
Oct. 1/02, 1%
Checks mailed.
N. Y ., W ashington Tr. Jan. 1, 1918
E arnings .—F o r 1901 in V. 74, p. 724. Pres., C. K. Lord; Sec. and
Treas., T . K . 8tuart, 44 South 8t., Baltim ore, M d.—(V. 74, p. 7 2 4 .)
C o n t i n e n t a l C o t t o n O i l.—See Supplement fo r July, 1899.
C o n t i n e n t a l T o b a c c o C o .—In corporated Dec. 10,1898, under
the law s o f N e w Jersey. A cqu ired b y purchase the en tire business
and assets o f the leading m anufacturers ol plu g chew ing tobacco, in
cluding w ith others Drummond Tobacco Co., St. Louis, Mo.; L ig g e tt <
fc
Myers Tobacco Co., St. Louis, Mo.; plu g business o f A m er. Tob. Co.
and $3,000,000 P. L o rilla rd Co. common stock. See V. 69, p. 745; V .
71, p . 545, 1168 A lso has acquired $1,581,100 ol $2,000,000 L orillard
preferred stock at par in exchange fo r its 7 per cent gold deben
tures. V. 70, p. 331,1051; V. 71, 646. Jo in tly w ith A m erican T o
bacco Co. controls the A m erican Snuff Co.—pee statem ent o f latter, o f
whose capital stock the tw o cos own $10,000,000, togeth er w ith $7,000,000 o f $10,000,000 stock o f A m erican C igar Co. V. 70, p. 533.
The $5,000 000 Am erican C igar Co 4 p. c. gold notes are guaranteed
jointly and severa lly by the Continental and Am erican Tobacco com
panies. See V. 73, p. 1 H 3 ; V. 72, p 1037. in Deo. 1901, the Wilson
& M cC allay Tobacco Co. o f Ham ilton, O., w as acquired. V. 73,p. 1359.
S t o c k . — Apr. 21, 1899, increased the common and preferrea stocks
from $37,500,000 to $50,000,000 each. Y . 68, p. 670, 771. In July,
1901,99 per cent in interests o f the common stockholders agreed to
exchange tu eirh oldings fo r a like amount o f collateral trust 50-year
4 p. o. gold bonds o f the Consolidated Tobacco Co., which see above.
Dividends .—On pref., Oet., 1899, to Oct., 1902, at 7 p. c. per annum.
D ividends on common, 2 p. c., Jan., 1902; A p ril, 2 ^ ; Ju ly 2*9; Oct. 2^.
R eport .—For calendar y ear 1901 in V. 74, p. 575, showing:
Y ear—
*e te a > n ’s.
Div. on pref.
Div. on com.
Surplus.
1901.......... $7,600,740 (7%) $3,419, 22 (2%) $976/22 $3,204,696
1900........... 4,480,858 (7%) 3,419,122
..............
1,061,736
O f f i c e r s .— President, James B. Duke; 1st Vice-Pres.. Chas. E. H alliwell; 2d Vice-Pres., Frank H. Ray; 3d Vice-Pres., C. O. Dula; Treas., H.
D. Kingsbury; See., W. H, M cA lister. N. Y . office, 111 F ifth A v e .—
(V. 73, p. 447,1210, 1266, 1359: V. 74, p. 530, 5 75.)
C o r n P r o d u c t s C o .— O r g a n i z a t i o n .— Incorporated in N <w Jer
sey on Feb. 6, 1902, and acquired, per plan, V. 74. p. 329, 381, the fo l
lo w in g Interests in the companies whose tota l o» pital stock and d iv i
dend payments w ere as below indicated (par alue o f shares, $100).
Capital
A ew co.
,------ 1 Vidends.------ .
n
Company—
stock.
owns.
’97 ’98 ’99 ’0o ’ol ’02
Glucose Sugar ReiiningCo., coni.$24,027,H00 121,280,300 0
lb& 0 0 5^ 1
7 per cent cumulative, pref _
_
National Starch M fg.Co., c o m ...
0 per cent cumulative, pref ...,
Xllin isSui/ar Refiniug C o ...........
Charles Pope Glucose C o .............
N .Y . Glucose Co. ($2,000,000 pf.)
T h e only bonds outstanding are
13,030,300 12,80'',400 m 7
7 7 7
1h
2,595,900 2,445,8u0 i Iucorp’d ) ................
4,028,300 3,051,800 ' M ay. ’00. 1 1 ^ 6
?
750,000
750,000
N ot known.
120,000
120.000 j
2,500,000 1,226,00 1
shown at top of paste.
The Glucose Co. was organized in 1897 (see V. 65, p 327; applica
tion to N. Y. Stock Exchange, V. 67, p. 1263, and V. 73, p. 960);
the National Starch Go. was a consolidation in 1900 o f the N ational
Starch Mfg. Co. w ith other properties, and was said to do about 90 per
cent of toe starch business of the country; plan and list o f plants V.
70, p. 742); Illinois Sugar Refining Co. V. 73, p. 496; N e w York Glu
cose Co. V. 72, p. 393. Th e allied interests have a capacity o f 203,
000 bushels of corn daily. Cuyler. Morgan & Co. are interested.
Official statement showing securities, plants, etc., V. 74. p. 1086.
Stock authorized, common, $50,0u0,000; pref., 7 per cent cum., $30,000,000; about $2,000,000 o f each class to rem ain m the treasury, to
gether witn any amounts not used iu exchange.
D i v i d e n d s .— On pref., 1% p. 0 ., Ju ly 10, 1902; Oot. 10, 1% p. 0 .
B o n d s .— The bonds of controlled companies have not been assumed,
but the Interest and sinking fund charges are payable from th eir
earnings before any dividends can bo paid on their stocks. O f the N a
tional Starch d hentures, $3,778,000 are reserved to retire bunds o f
Nat. Starch M fg. and U. S. Sugar Refinery companies. O f the N ew
Y ork Glucose 4s, 4 per cent o f each bond ($40) 1 retirable Sept. 1
h
yearly, beginning 1902, but the bonds are not subject to call. V. 74,
p. 108(5. The Interest due June 1, 1902, on the U. 8. Sugar Refinery
bonds was paid in July. V. 74. p. 1310; V. 75, p. 79.
E a r n i n g s .— Earnings o f Glucose Co. applicable to dividends fo r year
ending July 31, 1901 (report V. 73, p. 722), wore $2,123,640; o f the
National Starch Go. for 1900, $548,239.
O fficers. Bros., 0 . If. MattlilosBeii; Vice-Pros, and Oh airman Exec
utive Committee, W. .1. Oailieun; Sec., Edward L. Worn pie; Treas.,
Benjamin Graham. Directors, V, 74, p. 530. Headfliiartors, Chicago,
III.; N. Y. office, 25 Broad St. (V. 74, p. 1310; V. ,5, p. 79, 735.)
( W in .) (Ira n ip < .Sons’ S h ip «V K n tflite I t u t l d l i i g C o.—Incur.
V
In Penn. In 1871-72. V. 71, p. 234, Stock, $5,000,000; outstanding,
*4,s48,000; par $100. First M. gold 5s of 1809, $1,425,000 (Interest
M. A 8.), due Mar. I, 1970, but subject to call $25,010 yearly at 110
f o r a sinking fund.
(Fid. ins. Tr.
Safe Deb. Oo. o f ' hlla., trustee.)
V, 07. p. 1*10; V. (18, p. 383. Tim stockholders w ill shortly vote
011 a proposition to Issue 5 per cent first consolidated M. bonds (prob
ably $5,500,000 in amount,), convertible into stock ill. par to pay f o r r e
cently aoqulred properties and Im provem ents thereon, the retirem ent
of the $1,425,000 fli si, 5s and tlie $ 100,OOO m ortgage on the machine
shop property. V. 74, p. 729, 990, 1 I9H.
D iv id e n d s . - )
'92.
’93. '94. ’95. ’90. ’ 07. '98. ’ iffi.’OO.'Ol.
'02.
Percent.
? 8 A 2 0 «e . 10 18 7 None. .. I t )
5 5 5 ln.flp.,3%
Dividends payable Q.-M. 15 at Philadelphia office. (V. 07, p. I 1 12.)
RKFOHT R eport Tor 1901 2 In V. 74, n. 1 194. showed $8,302,093
gross, o ver 7 per cent, ($385,230, against $20 1.772 In 1900 01) earnod
on stock; $24,730,874 orders on hand. Dividends paid, $242,400, ft
p. r.; surplus, # I 42,830. (V. 71 , P 1109, 1313; V. 72, p. 139,440, 11 34;
V. 74, p. 729, 990, 1 142, I I 1M, 1 108; V. 75, p. 008.)
fiSVESTOBS SUPPLEMENT
158
LVOL. LX X V .
Bonds—P rin ci
IN T E R E S T OR D IV ID E N D S .
D ate Size, or
pal,W hen Due.
Am ount
of
Par
R ate per Whim Where Payable, and by Stocks—Last
F o r explanation o f oolumn headings, &c., see notes on
Bonds Value. Outstanding
Whom.
first page o f tables.
Cent.
Payable
Dividend.
M ISC E LLA N E O U S .
Denver Gas < Electric— 1st consol. M., gold (see text).Co. 1899 $1,000
6
Denver U n ion Water G o — 1st mortgage, $8,000,000, gold 1894 lOO&c.
50
D etroit City Gas—Stock, $5,000,000. ............................
1,000
Prior lien mortgage, $6,000,000, gold.Co................ c* 1898
1,000
Detroit Gas consol, lstmort. for $4,500,000, g.G...c<fci 1893
100
Diam ond Match — Stock, $15,000,000, list, in Chic & N.Y.
100
D istillers' securities Corp — Stock, one class, $32,500,000
1,000
Col.tr. M., $16,000,000, g., conv. call 105 aft 1908 (text) 1902
1,000
Am. Spirits Mfg., 1st M., g , call at 105, s.f., 5%.M a c* 1895
1,000
Dist. Co. of Am., coll. tr. M., g., iio pay. y ’ly, call.M e.c* 1901
100
D om in ton Goal—Pref., 8 p. c. (see text, p. 169).. ...........
1st mortgage, sinking fund—see text. N B ................... 1893 500 &0.
1899
D o m in io n Lron& Nieel—IstM., g., $8,000,000, s.f.,see text
E dison E lectric Illu m in a tin g —See K ings Co. E lec . L ig H T & P o w e r .
100
E lectric Storage Battery—Pref.stk., cum., $5,000,000, text
100
E lectric Vehicle Go.—Common stock, $11,000,000.........
100
Preferred stock, 8 per cent, non-cum.j $9,000,000.......
1,000
Mortgage, subject to call at par, sinking fund.Un...... 1901
....
....
....
New mortgage, $2,250,000.M o .................................
E m p ire Sleet & Ir o n —Stock, common, $5,000,000........ .
Preferred stock, 6 per cent, cumulative.......................
Equitable III . Gas L . Go. o f P h ila .—1st M.g.,red.at 105.N 1898
Federal Steel—See United States Steel Corporation .
General Chemical Go.— Common stock, $12,500,000.....
Preferred stock, 6 per cent, oum.. $12,500,000...........
General E lectric—Common stock, $45,000,000................
Debentures fo r Sprague stock, $2,150,000, g., red. te x t 1902
$2,400,000
7,500,000
4,530,500
5,055,000
365,000
15,000,000
(?)
(?)
1,872,960 (?)
3,580,000 (?)
3,000 000
2,589.500
8,000,000
AND Co v SOL
4,500,000
10,450,000
8,125,000
See text.
See text.
100
2,281,400
100
2,500,000
1,000
7,126,000
100
100
100
—
C r u c i b le S te e l C o . o f A m e r i c a . —Organization .—Incorporated
on July 21,1900, under th e la w s o f N e w Jersey to consolidate 13 proper
ties, including the Park Steel Co., etc., nam ed in the prospectus, V. 71,
p. 32, claimed to represent about 95 per cent o f the output o f crucible
steel in the U. S See also V, 73, p. 842. Stock authorized, common,
$25,000,000; pref., 7 per cent cum., $25,000,000; par, $100. N o bonds.
Owns entire stock and guarantees bonds o f Clairton 8teel Co., which in
June, 1902, absorbed the St. Clair Steel and St. Clair Furnace compa
nies. See Y . 72, p. 824,1285; V. 73, p. 394, 447, 618, 841; V. 75, p.
32. Dividends on pref., Dec., 1900, to Sep., 1902,7 p. c. y ’rly. (Q.-M.)
B eport .—R ep ort fo r ye a r ending Aug. 31, 1902, w as in V. 75, p.
850, showing: N e t earnings, $3,503,161; other income, $49,306; div.
on p ref stock (7 p 0 ), $1,750,000; div. on outside holdings ($238.425) o f Park Steel Co. pref. stock (7 p er cent), $16,689; charged off,
$l,0u0,000; balance, surplus, $785,778.
President, Reuben M iller, Pittsburg, Pa.; Treas., Julius Beiler,
Pittsburg, Pa. Directors, June, 1902, V. 74, p. 1193.—(V. 73, p. 1359;
V. 74, p 1092, 1198; V. 75, p. 32, 850.)
D e n v e r G a s & E l e c t r i c .—See page 170.
D e n v e r U n i o n W a t e r C o .—See p. 170.
D e t r o i t C ity G a s .—See p. 170.
D e t r o i t M a c k . & M a r q u e t t e L a n d G r a n t . —See p. 170.
D e t r o i t U n i o n R R , D e p o t .—See Su p ., Oct., 1397.—V.69, p. 494.
D i a m o n d M a t c h . —O rganization , E tc .—Organized in 1889
nnder law s o f Illin ois. Owns factories at Barberton, O., D etroit,
Mich., Oshkosh, W is., Oswego, N. Y ., etc.; also store proper
ties at Baltim ore and Philadelphia, and saw m ills at G reen B ay, Wis.;
A th ol, Mass,; Keene, N. H ., etc., Miss., w ith extensive pine stumpage
See list, V. 73, p. 135.
Dividends .—
)
1893.
1894.
1895.1896 to Sept,, ’02.
M. & N. N ov., 1901, int. last pd.
J. & J. N .Y. Fourth Nat. Bank.
M. & N.
Checks mailed.
J. & J. N. Y., Emerson, McM.
F. & A. N. Y ., Guaranty Tr. Co.
Q .-M . B y check fr. N. Y . office.
Q .- J 1
6
..............
A. & O.
M. < S. N. Y ., Manhatt. Tr. Co.
fe
J. & J. N. Y ., Merc. Trust Co.
J & J. Bost., Am . L. & Tr. Co.
M. & 8. N ew England Trust Co.
J. & J. Bank o f Montreal, Can.
o f N. Y.
Checks mailed.
Q .-J .
N. Y ., 100 Broadway.
do
do
2 in A p ril, 1900
M. & N.
6
M. & N. N. Y ., M orton Tr. Co.
6
5 g.
5 g.
2*2 in ’ 01
5 g5 g.
10 in ’ 01
8ee te x t
5 g6 g.
5 g.
8
6
5 g.
. G as Co .
5 in 1902
M ay 1, 194&
July 1, 1914
M ay 15,’01,23*
Jan. 1, 1923
teb. 1, 1918
Sep. 12/02.23*
See text.
Oct. 1, 1927
Sept. 1, 1915
Jan. 1, 1911
Jan. 1, ’02, 4%
Mch. 1, 1913
Ju ly 1, 1929
Oct. 1, ’ 02,1^4
Dec. 29,’99,2%
Apr.16,’00,2%
Apr. 30,1904
July 1, ’02, l 1
*
3 in i902 J. & J.
Checks mailed.
5 g- J. & J. N. Y . S ecurity & Tr. Co. Jan. 1, 1928
7,410,300 4 in 1901 Q .-M . N ew York, 25 Broad St.
do
do
9,416,000
6
Q .-J .
42,031,600 8 in 1902 Q.-J., 15 Check from Co.’s office.
F. & A. Int. from Aug. 1, 1942
2,010,300
312 g.
Sept. 2,’ 02,1
Oct. 1, ’02,1
Oct. 15,’0 2 ,2%
Aug. 1, 1942
Stock , Etc .—Common, auth., $13,000,000; outstanding, $11,743,000
(par $100). Preferred, 1 per cent cumulative, see table. A fte r 1 p. c.
on preferred, common and preferred share equally. On Jan. 2, 1901,
6 p. c. was paid on preferred in fu ll to Deo. 31, 1900; A pr., 1900, to
Oct., 1902, both inclusive, 1*4 p. c., quarterly. On common, Apr. 1,
1901, to Oct. 1, 1902, both inclusive, IQ p. c. quar. (Q.—J.). In 1899
increased the common stock from $8,500,000 to $13,000,000, $3,375,000 being allotted to the stockholders at par. V. 69, p. 76. State
ment fo r calendar year 1901 in V. 74, p. 677, showed total net earn
ings, $900,243; dividends paid, $812,413; bal., surplus, $87,829; tota l
sur. Dec. 31,1901, $2,209,269
R e p o r t .—R eport fo r year ending Dec. 31, 1900, in V . 72, p. 578.
President, H erbert Lloyd: Sec. and Treas., W a lter G. Henderson, Ph ila.
Directors, Mar., 1902, V. 74, p. 632. Office, A llegh en y A ve. and 19th
St., Phila., Pa.— (V. 73, p. 959; V. 74, p. 632, 67 7.)
E l e c t r i e V e h i c l e Co.—Organization . —
Incorporated in 1897
under the law s o f N e w Jersey. V. 70, p. 1197,1252; V. 71, p. 1169.
See V. 69, p. 850. A s to status in Sept., 1901, see V. 72, p. 495.
Securities .—A ft e r 8 p. c. on common, dividends are to be divided
pro rata between the common stock and the p referred stock. E lectrie
Storage B attery Co. in 1899 owned about$4,000,000 o f stock. The n ew
m ortgage secures, $2,250,000 bonds, o f which $1,675,000, it is under
stood, w ill be issued only to take up the $1,675,000 issued ea rly in
1901. See V. 74, p. 98. L a st published report in V. 69, p. 850.
Dividends .—On preferred, A p ril, 1899, 8 per cent; A p ril, 1900, 2 p er
cent. On common, in 1899, 8 p. c. N one since.
President, George H . D ay. E x ecu tive Comm ittee, Philip T. D odge,
H . M. B yllesby, Geo. H. D a y and Thos. J. Regan. Factory, H artford,
Conn. Office, 100 Broadw ay. D irectors, Oct., 1901, V. 73, p. 959.—
(V. 74, p. 98, 940.)
E m p i r e S teel & I r o n C o .—Incorporated in N e w Jersey on March
14,1899. V. 68, p. 524. D ividends at rate o f 6 p. c. per annum, paid
July 1, 1899, to July 1,1900; 1901, 3 p. c.; 1902, 3 p. c.; see V. 68,
p. 926. N e t earnings fo r 6 mos. ending June, 1902, p a rtly estimated,
$15,000,000. V. 69, p. 592.
N
year 1901, a fter de
A nnual R eport .—F or 1901 in V. 74, p. 324, showed net, $2,021,- $224,502. rV, 75, p. 32.ary et income fo r calendar on Crane first mort.
repairs, $229,095; ink
072; in 1900, $2,014,839; in 1899, $1,513,767. President, O. C. B ar ductions fo extraordin
ber; Treasurer, J. K . Robinson; Seo’y, R. E. W irt; Aud., H. O. Cranz. bonds, $11,874; sinking fund, $71,838; dividends on pref. (3 p. 0.),
$70,043; bal., sur., $74,341.
G eneral office, 56 M ichigan A venue, Chicago. N. Y . office, 27 W illiam
The A llegh any Ore & Ir o n Co., organized in January, 1902, to control
St., N. Y .—(V. 74, p. 98, 3 2 4 , 381; V . 75, p. 293.)
30.000 acres o f mineral lands, is controlled by the same interests. V.
D i s t i lle r s ’ S e c u r it ie s C o r p o r a t i o n .—Organization .—In co r 74, p. 208. The entire stock o f the Crane Iron Works is owned. P ro
porated in N ew Jersey on Sept. 20,1902, as successor, per plan V. 74,
duction o f iron, 1, 50 tons d a ily in Oct., 1902. President, Leonard
1310,1,358, o f the D istillin g Co. o f A m erica, the la tte r h aving con- Peckitt, Catasauqua, Pa.; Sec., J. M. Fitzgerald, Catasauqua, Pa. N ew
o lo f the A m erican Spirits M fg. Co., Kentucky D istilleries & W are directors, Deo., 1901, V. 73, p. 1210.—(V. 74,p. 208, 530; V. 75, p. 32.)
house Co., Spirits D istributing Co. (dissolved In 1802) and Standard
E q u ita b le G a s E ig h t ( o f N. Y . ) —See Consol. Gas Co .
D istillin g & D istributing Co.; see Y . 68, p. 1224; also several ry e
E q u i t a b l e 111. G a s E i g h t o f F l i l l a . —See page 170
whiskey concerns, including Hannis D istillin g Co. V. 69, p. 179, 494,
745. L ist o f constituent properties, V. 73, p. 136; V. 71, p. 815. In
E r i e T e le g r a p h & T e l e p h . —See W est’ n Teleph. & Telegraph Co.
N ov., 1899, It was claimed that three-fourths o f the Kentucky whiskey
F e d e r a l S te e l.—See U. S. Steel Corpora ’ n .—V. 72, p. 139,285,440.
product and about 85 per cent o f the spirit product of the country w ere
F i s h e r i e s C o .—See page 170.
controlled. V 69, p. 957. Independent distilleries, V. 74, p. 154.
F u l l e r , G e o . A . & C o .— (V. 74, p. 1 0 8 7 , 1142; V. 75, p. 188, 241,
F inan cial .—Under the organization plan the 21 per cent o f accu
m ulated dividends o f the old company w ere adjusted, the fixed charges 397, 500.)
reduced from $1,000,000 to $800,000 yearly, and the tota l outstanding
G e n e r a l C h e m ic a l Co.—Organization , E tc —Incorporated in
stock and bonds from $83,130,000 to $49,500,000 and dividends o f at N e w Y o rk on Feb. 15,1899, as a consolidation of the Nichols Chemical
least 4 per cent per annum “ reasonably assured” on the reduced capi Co., N. Y ., James L. M organ & Co., N. Y . V. 68, p. 571. Offioial state
ta l stock. The n et current assets are Increased from $13,000,000 to
m ent showing properties owned, rights o f stock, etc., V. 74, p. 1093.
o ver $16,000,000; V. 75, p. 850.
Stock —In Oct., 1901, the preferred stockholders subscribed to
The new company has acquired nearly 90 per cent o f the stocks o f $856,000 new preferred stock at par, raising the amount outstanding
the Distilling Co. o f A m erica and is authorized to issue $32,500,000 to $9,416,000, the proceeds being applied tow ards expenditures for
stock and *16.000.000 bonds, as shown in the table above. The new
bonds are secured by the deposit o f the stocks and bonds acquired, and new plants and new construction. V. 73, p. 724.
R eport .—Report fo r year ending Dec. 31.1901, w ith balance sheet,
redeem able at 105 after 1908 and convertible at the option o f the
holder into stock at par at any tim e w ithin i 0 years a fter the date of in V. 74, p. 325, showed : N e t profits, $1,358,347; charged off, $195,the bonds. The old bondholders had the righ t to exchange fo r the 228; div., 6 p. 0. on preferred, $520,400; div., 4 p. c. on common,
$293,348; bal., sur., $349,371. On pref., O c t.,'99, to O c t., ’02, both
n ew 5s.
0. per an.
On common, 1900, 4 p.
D ividends .—I t is proposed to pay dividends of 1 per cent quarterly ln ol.,6p. M ); 1 p. c. (II3 Q -J.) arterly on Mar. 1, June c.; 1901, 4 p. a
(paid Q.
payable qu
1, Sept. 1 and
beginning Jan. 15, 1903. See V. 75, p. 850.
Deo. 1,1902, out o f earnings o f year 1901. V. 74, p. 329.
R eport .—R ep ort fo r year ending June 30, 1902, in V, 75, p. 850,
Officers .—Pres., W illiam H. Nichols; Treasurer, James L. Morgan;
showed gross sales o f constituent companies and a ll other income,
$85,371,819; gross profits, $3,306,860; interest, taxes, additions, etc., Seo.,J. H erbert B agg, N .Y . 25 Broad 8t.— (V. 74, p. 1093, 1 0 9 4 ).
G e n e r a l E le c t r ic .—Organization .—Organized under a speolal
$1,572,504; n «t profits, $1,734,356, against $1,657,850. See also
current Chronicle , and balance sheets o f proprietary companies, V. oharter o f N ew York, Apr. 15,1892, and manufactures outfits for eleo
trio railw ays and all kindp o f electrical supplies. In 1896 pooled pat
73, p. 898.
Co.
62, p.
Directors (o f Dist. Co o f A m erica)—S. M. Rice. President; E. F. O. ents w ith Westinghouse Electrie & M fg. 927).V. V. 70, 502.635,1040; V.
65,p. 151; V. 68, p. 1024. (See V. 68, p.
p. 689. Contraot
Young, Wm. F. H a rrity, W. 8. Wilson; 1st Vice-President and Treas’ r; fo r power, V. 72, p. 583. In June, 1901, obtained controlling interest
Edson Bradley, Chas. F. A y e r and A lv in W. Krech; Secretary, Thomas
in British Thomson-Houston Co., Ltd., o f Loudon. V. 72, p. 1283.
H. W entworth. E x ecu tive Committee: A lv in W. Krech
Office, 27
Stock .—Stock was reduced on Aug. 17,1898, 40 p. 0., viz., from $34,W illiam 8 t„ N. Y .—(V. 74, p. 1359; V. 75, p. 32, 79,188, 293,668, 850.)
712.000 to $20,827,000. V. 67, p. 28,125, 177, 319, 578, 634. Sub
D o m i n i o n C o a l C o .—D o m i n i o n I r o n A S te e l.—See page 170. stantially all the preferred stook and debentures o f 1892 have been
E d i s o n E l . 111. o f B r o o k l y n . —See K ings Co. E l . L. & P o w er . exchanged fo r common stock. V. 71, p. 137, 1015,1122; V. 72, p.
E d i s o n E le c t r i c I l l u m i n a t i n g C o . o f N e w Y o r k . —See N. Y . 778; V. 73, p. 339.
The capital stock was increased in 1902 from $25,242,200 to $45,E dison Co. under Consol. Gas o f N. Y.; also A p ril, 1899, Su p .
000,000, a 6 J23 per cent stock distribution to shareholders being paid
E le c t r i c B o a t C o .— Organization .—In corporated in N ew Jersey Ju ly 15, 1902, restoring the 40 per cent surrendered in ls98 ; this re
on Feb. 25, 1899, and acquired all o f the capital stock o f the quired $16,812,600 o f the n ew issue, lea vin g $2,929,677 in the treas
Eleotrio Launch Co., the H ollan d Torpedo Boat Co. and the Electro- ury. See V. 74, p. 729, 777, 1199, 1252; V. 75, p. 32.
Dynam ic Co., eto. V. 69, p. 697, Par, $100. Issued, common, $4,999,Dividends .—D ividends on common stock July 15, 1899, to July,
600; pref., $1,745,000. V. 69, p. 697. President, I. L. Rice, 100
1900, l ^ p . o., quar. (6 p.o. per annum); Oct., 1900, to Oct., 1902, inol.,
Broadw ay.— (V. 70, p. 178, 742, 999; V. 71, p. 32, 1271.)
2 p . c. quar., and in Jan., 1901, 1 p. 0. extra. V. 71, p. 604, 1222.
E le c t r i c C o. o f A m e r i c a . —See page 170.
D ebentures.—In July, 1902, it was proposed to issue $2,159,000
E le c t r i c S t o r a g e B a t t e r y . —Incorporated in 1888 under laws o f 3 1 per cent 10-year debenture bonds, redeem able w ithin ten years at
*
N ew Jersey. Owns basic patents fo r storage batteries. (V. 69, p. 76, par andtheroafter at 105 in exchange fo r Sprague Eleotrio C j . stock,
850.) Acquired in 1899 about $4,000,000 stock o f E lectric Vehicle Co. per plan V. 75. p. 139.
Since 1892, p. ct. )
20
10
21ig
10 (2ks quar.)
Stock .—Increased in 1895 to $11,000,000 (V. 59, p. 1058); in 1899
O croTUt 1902. j
MISCELLANEOUS STOCKS AND BONDS,
139
B o n d s — P rin ci
IN T E R E S T O R D IV ID E N D S .
I D ate Size, or I
pal,^When Due.
Am ount
of
Par
F or explanation o f oolumn headings, &o., see notes on
R ate Per When Where Payable, and by S t o c k s —Last.
Outstanding Cent.
Bonds. Value. |
first page o f tables.
Payable
Whom.
Dividend.
___________________ M ISC E LLA N E O U S .____________________
Q irard P o in t Storage—1st M.,gu. p. &i. Pa. R R ............... r
Brand Rapids Qas L igh t— 1st mort., gold, call at 110.Ce
Havana Oo.— Bonds, $10,000,000, g o ld .............................
Hoboken F e rry —See N . Y . & H o b o k e n F e r e y .
Hudson County Gas—1st m ortgage, gold, $10.500,000....
Illin o is Steel—See U n i t e d S t a t e s S t e e l C o r p o r a t i o n .
In tern a tion a l Harvester—Stock, $120,000,0000 ..
In te r n a l'l M ercantile M arine—Stock, com., $60,000,000.
Preferred stock, 6 per cent, cum ulative, $60,000,000..
In t ’l Vav, 1st M , g., $20,000,000, sub. call te x t. F P . c *
Collat trust deben., $50,000,000, red. 105 aft. 5 yrs.
L ey lan d Line, debentures................................................
In tern a tion a l Paper—Stock, common, $20,000,000......... :
Pref., 6 %, cum., $25,000,000 (u nderlying bonds, te x t)
1st con.M.,$10,000,000, g .U s . red. af. ’07 at 105.oonv.o*
In te rn a tio n a l Power Co.—Common ($7,4.00,000 a u th .)...
Preferred, 6 per cent, cumulative. (V. 71, p. 1 3 7 .)___
In te rn a tio n a l Salt—Stock, $30,000,000............................
M . , g „ $12,000,000,U sm ,red . at 105, s.f.,$200,000 yrly.
In tern a tion a l Silver—8tock, common, $11,000,000.........
Stock, preferred, 7 per cent, cumulative, $9,000,000...
1st M., $4,500,000; 8. f., called at 110, beg. 1901.C o.c*
In te rn a t’l Steam Pum p Oo.—Com. stock, $15,000,000---Preferred stock, 6 per cent, cumulative, $12,500,000..
W orthington, pref. stock, 7 p. c. cum. (see also t e x t)...
H ollyM fg.,lstM .,$ 7 0 0 ,000,g.,gu p.<fci.end (V .7 3 ,p .lll7 )
1890 j $1,000 ! $2,214,000
1895
1.225.000
1902
7.500.000
A. & O.
Philadelphia.
Oct. 1, 1940
3is
5 g- F. & A. N. Y „ E. M oM illin & Co. Feb. 1, 1915
June 1, 1922
N e w York.
5 g. J. & D.
1899
5 g. M. & N. N .J.T. G u.& Tr. Co.,J.C. N ov. 1, 1949
i'.o o
'o
1899
1902
1898
1901
1898
1901
ioo :
100 &c.l
T o ta l...
..$33,852,363 $89,829,652
( 1)
100
53.357.000
100 \ 59.214.000
1,000
13.686.000
50,000,000
£5,000,000
io o ; 17,442,800
io o
22,406,700
1,000
9.326.000
io o
5.047.000
100 |
600,000
100
See text.
See text.
100
9,944,700
100
5,107,500
1,000
3.840.000
100
12.262,500
100
8.850.000
100
2,000,000
100 &c.
579,900
L a t e s t E a r n i n g s — F o r 4m os. ending M ay 31.1902 (V . 75, p. 137),
to ta l earnings, $ lO,685,633: surp. o ver oper. expenses, dividends, etc.,
$2,283,921; total surplus M ay 31.1902, $17,571,062.
A n n u a l R e p o r t .—Fiscal yea r ends January 31. Annual meeting
is held the second Tuesday in M ay. R ep ort fo r 1901-02, w ith balance
sheet o f Jan. 31,1902, was given at len gth in V . 74, p. 881, 889; see
editorial, p. 852.
Deduct—
1902.
1901.
Year end.Jan.31— 190?.
1901.
Income— Sales. .$32,838,037 $28,7HS,V74
Royalties, etc.
141,391
298,366
Int. and d iv „ ..
484,360
82~,943
Sale of seeurH<SC.
938,585
419,067
9.150.000
Op. exp.&taxes..$25,254,122 $23,585,860
In t. on debent...
42,310
240,040
B a lJo rd iv .,& c . $8,555,931 $6,003,752
Balance 1901-02, as above, $8,555,931; div. on pref. stock (7% ),
$83,689; div. on com. stock (8%), $1,871,968; bal., sur., Jan. 31,
1902, $6,600,274. Cash M ay 31,1902, $4,658,113; notes and a< counts
receivable and w ork in progress, $12,530,694; stocks, bonds, .real
esta te, etc., $10,199,233; aocounts payable, eto., $971,374.
O f f i c e r s .— President, C. A . Coffin; Treasurer, H en ry W . D a rlin g;
Sec., M. F. W e s to v e r; N. Y . office, 44 Broad 8t.— (V. 75, p. 80,137 )
G lu c o s e S u g a r R e f i n i n g C o —See Cora Products Co. and V.
74, p. 329, 382.
G o l d Sc S t o c k T e l e g r a p h C o .—See W e s t e r n U n i o n T e l e g r a p h .
G r a m e r e y S u g a r C o . —8eeV.68,p 232;V.72,p.393,9 8 6 ; V 73,p 960.
G r a n d R a p i d s G a s - L i g h t C o .—See A m e b . L i g h t & T r a c t i o n .
G r e a t L a k e s T o w i n g C o .—O r g a n iz a t io n .—In co rp o ra ted in N e w
Jersey on July 6,1899, as a consolidation o f tow boat companies along
the G reat Lakes. See V. 69, p. 79, 593; V. 72, p. 778. Stock author
ized, common, $2,500,000; pref., 7 per cent non-cum., $2,500,000. Is
sued Apr., 1901, $1,675,000 common and $1,852,850 preferred. P a r
o f shares $100. In l9 0 0 7 % d iv . on pref. was paid; in 1901, Feb. and
May, none; Aug.. 1901, to May, 1902, 7 p. c. ye a rly (Q.-F. 20). Pres,
and Treas., T. F. Newman; Seo., M. H . Ward well, Cleveland, O.—(V.
73, p. 187.)
H a r r i s o n R r o t h e r s S c C o .—V. 73, p, 393, 447;
H a v a n a C o m m e r c i a l C o .—See H a va n a Tobacco Co.
H a v a n a T o b a c c o C o .—O r g a n iz a t io n .—I ncorporated in N e w
Jersey on Mav 28, 1902, and acquired, per plan V. 74, p 1142 control o f
the H avana Comm ercial Co., the entire stock o f the EL de Cabanas y
Carbajal and eontro o f “ H en ry Clay and B ock & Co. ” thus com bin
ing o ver nine-tenths o f the high-grade tobacco products o f Cuba. Con
tro lled by the same interests as the A m erican and C ontinental T o
bacco comp .nice.
T ie Havana Com m ercial Co. was orga n ized in N e w Jersev in M ar.,
189 ', and manufactured and exported H a va n a cigars and Cuban lea f
tobacco (a L o ow ning tobacco lands), its capacity being said to exceed
100.000,000 cigars annually. See V. 68, p. 926; V. 71, p. 545; V. 72,
p. 482 Balance sheet of Dec. 31, 1899, was in V . 7 0 , p. 840. Cabanas
y Carbajal, organized March, 1902, V. 74, p, 4«0; H en ry Clay and
Bock & (Jo., V. -74, p. 1141, 1142; U n iversal Tobacco Co., V. 74, p 271.
Stock, common, $10,000,000, pref. 5 per cent non-cum , $5,0c0,000,
all outstanding. Bonds, $10,000,(00 tw enty-year gold 5s, o f which
$2,50u,000 to rem ain in the trea su ry—(V. 75, p. 80, 735.)
H a w a i i a n C o m m e r c i a l Sc S u g a r C o .— (V. 74, p. 429.)
H e r r i t t g - H a H - M a r v l n C o .—See p. 170.
H u d s o n C o u n t y G a s .—O r g a n iz a t io n —I ncorporated in N. J. in
Oct., 1899, as a consolidation of J. 0. (la s L. Co., Peoples’ Gas L . Co.
of J, C,, Hudson County Gas. L, Oo.. the Consumers’ Gas Co. of. J. 0.
an 11 Bayonne A G. Gas L. Co.—V. 69, p. 80,796. stock, $10,500,000,
mostly owned by Unit. Gas. Tmpt. Co. Of the 5s, $600,000 are reJ«rved to take up May 1, 1904, Consumers’ Gas W orks 1st 6s; and
$75 0 . 0 (H ) reserved fo r future requirements. Not profits fo r year end
ing Dec. 31, 1901, o ver Interest and fixed charges, w ere $115,008.
President, E. K. C. Young; Treas., Lew is L illie; Sec., P ercy 8. Young.
- ( V . 69, p. 957; V, 74, p. 580.)
I u t e r n . A n t o m o b l l e Sc V e h i c l e T i r e —Bee i>age 170.
I n t e r n a t i o n a l H a r v e s t e r C o .—In corporated In N ew Jersey 011
Aui? 1 2 , 1902, and purchased the property and but loess o f the fo llo w
ing leading concerns m anufacturing agricultural machines, viz.:
Leering H arvester Oo. (see V. 75, p. 292). Milwaukee H a rvestin v Co.
McCormick H arvestin g Machine Co.
Plano M anufacturing Co.
W.infer, Bushnell <. Olossner Co. (Champion).
v
in addition to the live plants owned in the U. 8., one plant is under
non*tniotlnn In Cana la; also owns tim ber lands, coal, ore, blast furmo.*'and steel proportion V. 75, 345. J. P, Morgan At Go. arranged the
coinotldatloii. 'I’ h re was no public stock offering, the stockholders
providing all the cash required.
K i’ ic k . - Authorized, $1 2o,000,000, all one c lA s , to be 6 p ercen t
cumulative preferred in the even t of an Increase In stock: the now
sto. k cart only he authorized by the vote of two-thirds o f the stock] holders.
OfTtoRirs. Cyrus If. McCormick, President; Charles Deerlng, Clinirman E vocative Committee; G eorge W, Perkins, Chairman Kin an no
'Uiomittee; Harold F. dcC’onnlck, Jainm Deerlng, W illiam H. Join s
land John ,I Glessner, Vice-Presidents; Richard p, Howe, Hcnre.t.ary
ami Treasurer.—(V, 75, p. 345.)
I fi t.erun H o n n I H e r e a n tl lo J l n r l n c d o , —Our; A N'rz.vrtoM, E re.
- fo rm erly the International Navigation (Jo., the name being changed
—
las above an 1 capitalization Increased to provide, per plan V . 7 4 . p .
J d s .iH l, lo;>3, for the amalgam ation of A tlan tic shipping Interests,
which was financed by a syndicate headed by J. P, Morgan <k Co, The
,
follow ing lines are included .
0 g.
4ia
4
F. & A. N. Y ., Com pany’ s office. Feb. 1, 1929
1922
Cheeks mailed,
do
do
N. Y ., Met. Tr. Co.
6
Q .-J .
6 g- F. & A.
See text. Q,.—F.
6
Q.—F.
Providence, R . I.
5 g. A. & O. N. Y ., No. Am . Tr. Co.
4 in 1902 Q .-J .
6 g. J. & D.
4 in 1902 Q .- J .
6 in 1902 Q .- F .
7 per an. M. & N.
5 g. J. & J.
July 1, ’99,1%
Oot. 1 ,’02, 13a
Feb. 1, 1918
M ay 20,’02,2ia
M ay.20,’02,83a
Oct. 1, 1951
Oct. 1, ’02, 1%
Checks mailed.
N. Y ..T .& T ., 71 B ’ way. Deo. 1, 1948
Oct. 1, ’02,1%
N. Y ., Of., 26 B ’ dway. N ov. l , ’ 02, lia
N. Y ., Guaranty T r
0. N o v.,1902, 33fl
N .Y.,C t.R eal. B .& T.C o. Jan. 1, 1921
Tonnage.
Tonnage
W h ite Star.
.. 266,000 L ey lan d ............................. 293,000
A m erican..
r a n s p o rt........
£ 179,000 A tla n tic T........................... 195,000
R ed Star...
D o m in ion
74,000
A s to agreem ent w ith Germ an lines, see V . 74, p. 1255; relation s
w ith E nglish G overnm ent, Y. 75, p. 735. Th e H arlan d & W olff Ship
building Co. o f Belfast, w ith w hich a strong w orkin g alliance has been
made (see V. 74, p. 1093), it is understood, has acquired a la rg e in
terest in the H ollan d-A m erica line.
S t o c k a n d B o n d s .— Stock authorized, $60,000,000 eaoh o f common
(lim ited to 10 per cent per annum, w hile the debentures are outstand
in g), and 6 per cent cum. pref.; p a r o f shares, $100; o f the stock, $6,643,000 common and $786,000 preferred rem ain in the treasury. The
new 4*2 per cent debentures are subject to call at 105 a lte r 5 y ears.
The In tern ation al N a vig a tio n 5s are subject to call at par a fter 1909
and a sinking fund o f $250,000 to $500,000 w ill retire them annually,
beginning M ay 1,1905.
D i r e c t o r s .— President, C. A. Griscom.
/ C. A . Griscom,
j P. A . B. Wideuer,
B .N . Baker,
(.John I . W a te rba ry,
1 Sir Clinton E. Dawkins,
British Committee............< R t. H o n W . J . Pirle,
( J . Bruce Ismay,
C. A . Griscom,
P . A . B. W ldener,
A m e rica n s . ..........................
E . J . Berwind,
George W . Perkins.
James H . H yde.
Charles Steele.
H e n ry W ilding,
Charles F . Torrey.
E . J . Berwind,
Charles Steele.
5
George W . Perkins,
I n t e r n a t i o n a l N i c k e l C o .—See page 170.
I n t e r n a t i o n a l P a p e r . —In corporated Jan. 31,1898, and took
o ver b y purchase tw en ty five o f the p rincipal pulp and paper m ills o f
the U. S., see V. 67, p. 428 and V. 69, p. 494; also applications to list
in V. 67, p. 1359, and V. 68, p. 726. D a ily output or finished paper
about 1,500 tons. See prospectus in V. 66, p. 288 and V. 67, p. 177,
also official statem ent Y. 69, p. 281. The Continental Paper B ag Co.,
a m ajority o f whose $5,000,006 stock is owned, has bu ilt a fa cto ry
at Rum ford Falls, Me.; its capacity was being increased In Oot., 1901,
from 5,000,000 to 10,000,000 hags d a ily .- V . 70, p. 742; Y. 69, p. 494,
908; Y . 73, p. 786. The A m erican R ea lty Co., organized in 1901
to handle some 250,000 acres o f land in M aine belonging to the In te r
national Com pany, has made a m ortgage fo r $500,000.—V. 73, p. 392.
D i v i d e n d s .— On pref., J u ly,1898, to Oct., 1 9 0 2 , in clu sive,6 p.c. y e a rly
(U s quar.) On Dee. 31, 1898, paid on common. 1 p. c.; in 1899, 2
p. c.; none since to Oct., 1902. V . 69, p. 593, 957;’ V. 72, p. 1037.
B o n d s .— Th e consolidated m ortgage o f 1898 covers a ll property
subsequently acquired, as w ell as that owned when the m o rtgage was
made. Of the underlying bonds m entioned below , bonds are reserved
to$1,500,01 0 Hudson River lls andPaper F a lls issues, viz.:
take up the Glens F a Pulp & Otis Co. 6s, assumed, subject to call at 105,
in whole or in part, Jan. 1 or July i, of any year after ln07; Glens Falls Paper
Mill,assumed, $35o.0U0; Otia Falls Pulp Co., assumed. $847,000; Remington. Pa
per Co. bonds, assumed, tzll.000; C, R. Remington & Sons Co., $56,000; Olcott
Falls Co. bonds, t389,000.
The first m ortgage purchase m oney gold bonds issued b y th e In te r
national Co. since its form ation fo r properties acquired are:
Bonds—
Interest.
Where paid.
(M i st’ina.
M a tu rity .
Ammonoosue Lumber 1st M .) , ,, „
N.Y. .Met.Tr.Co. $270,000 Sept, 1, ’13
a. f ................. .......... ....... M-S
150.00 ) Feb. 1, ’18
Ontario Paper, 1st M ........
Pg. F-A
do
do
350.000 Ju ly 1, ’18
Rumf’rd Falls Sulphite 1st M. Og, J-J
do
do
Piscataquis Falls Paper, l s t ) d„
»
161,500 A u g . 1, ’18
do
do
M.. a. ( .............................. p g . r a
R e p o r t .— Report fo r y e a r ending June 30, 1902, in V. 75, p. 440:
H scul
y e a r.
C ro s s
in c o m e ,
Cost ra w m a In te re s t,
t e r i ’ Is , m f g . e tc . t a x e s , e t c .
D iv id e n d s .
B a la n c e ,
(6 % ) o n p r e f .
s u r p lu s .
1901-2 $19,719,421 $16,818,225 $1,003,740 $1,344,402 $553,054
1900-1. 20,711,902
16,750,245
907,267
1,341,402 1,709,988
In Juno, 1900, en tire floating debt was paid off. V. 70, p. 482.
O f f i c e r s .— President, Hugh J. Chisholm; F irst Vice-President, F.
H. Parks; Second Vice-President, T. T. W aller; Treasurer, A. N. Bur
bank; Bec’ y, E. W. Hyde. 30 Broad 81., N. Y . - ( V . 75, p. 4 4 o , 790.)|
I n t e r n a t i o n a l P o w e r CI6, —O r g a n iz a t io n .— I n corporated In
N ew Jersey on Jan. 14, 1899, as the International A ir Pow er, and
name changed in Mar., 1899. In 1890 purchased plants o f Rhode
Island Locom otive Works, (sold In IS 01); Am erican Whoeloek En
gine Co. of W orcester, Mass., and about June, 1900, acquired Corliss
Steam Engine Works o f Providence, R. I. V. 68, n, 671. First mort.
bonds, 4«, $200,000, due 1919, w ere issued on It. I. Loo. Wits, and
Amor. Wheel. Eng. Co. and $140,000 m ortgage on Corliss plant. D ivi
dend on preferred, 6 n. c. for 1899, was paid March 15, 1900; on May
15, 1901, 6 i>. 0. for 1000 and I 'c p. «. for first quarter o f 1901; 1902,
May, 0 p. e., and
p. 0 . for first quarter o f 1.902. First dividend on
common 2*y p, (•,, paid May 20, 1002. See official statement, V. 70, p.
432, On A p ril 30, 1902, owned $3,211,300 preferred and $661,300
American Locom otive Co, common slock rind $75,425 each o f com
mon and preferred Amer. Diesel Engine Co. stock. Report o f public
accountants fo r year ending Dee,. 31. 1901, with balance sheet, o f
A prll 80, In V. 74, p. I I 32, snowed total net I ncoriie (Including Interest
on Abler, Locom otive sleek owned, etc,). $292,706; Interest, $17,828;
div. on pref. stock (6 11, 0 .), $36,000; bit),., sur., $ 200,468
I’ res., Jo
seph H. Hoadlny, 78 Broadway. N . Y . Directors, June, 1901, V. 72, p.
12 10, (V, 72, p, 939, 1240; V.’ 7 1, p. 832, 040, I I 37.)
■n t e r n a d o u 11 1 S u it
<)o. o r g a n iz a t io n . - Incorporated
In
New Jersey In Aug., 1901, and til N ov., 1901, had acquired a m ajority
of the stock o f the National Hall Co. (see page 161 1 and Ketsof Mining
( Jo., per plan V. 73, p. 724. On Kept. 29, 1002. receivers o f •he National
Hull. Co. were appointed, preparatory , H was understood, to a trunefor
o f Us assets to the In tern ation al (Jo. V. 7ft. p. 881,786.
160
LNYESTOES’ SUPPLEMENT
[VOL. LX X V .
Bonds—Prin ci
M ISC E LLA N E O U S.
IN T E R E S T OR D IV ID E N D S .
Date
pal,When Due.
Am ount
Par
For explanation o f column headings, &c., see notes on o f
Rate Per When Where Payable, and by Stocks—Last
Bonds Value. Outstanding
first page o f tables.
Cent.
Payable
Whom.
Dividend.
....
Kings County Electric L ig h t <; Powei— Stock, $2,500,000.
S
1st mortgage, gold, $2,500,000.C o l ............................. c 1897
Purcb. money M., gold, secured by Ed. stock, & o..C e.c* 1898
Edison El. 111., cons M., now 1st. $10,000,000, g .fflo .c ' 1898
Laclede Oas L igh t—Common, $8,500,000..........................
Preferred stock, 5 per cent, cu m u lative....................
1st M., g. (There are also $125,000 Car. Gas 6s).C e.c" 1889
Coupon notes, gold, $500,000........................................... 1901
Lehigh Coat < Navigation—Stock, $14,366,050.................
&
1st M., canal, 6,030 acres coal and 76 m. L. & S. R R . . .r 1864
1st M ., g., Leh. & Sus. R R .(V . 64, p. 4 1 ,)g o ld .F P ......... r 1867
2d M. [1st M. N an t.R R .] (V. 65, p. 367,) go ld ............... c* 1867
Con. 3d M.Canal.Coal & 122m .RR.; 2d M.26 ra.RR. F P r 1871
General m ortgage fo r $15,000,000, gold. F P .............. r 1884
Collateral trust for $1,500,000, g o ld .......................... c* 1895
Fd. & im. M .,$7,500,000, g.(ser.“ A ,” $2,085,000) P I P c * 1898
Lehigh < Wilkesbarre Coal— Con. M. gu., ext. in 1900. *■ P 1875
6
5s o f 1912, sinking fund (not d raw n ). F P .................... c 1888
Louisville B ridge (Jo. and Louisv. & Jeffer. B rid ge Co.— See R
M aryland Coal—Stock, preferred (no b o n d s )....................
Masg. Oas Companies—Common stock, $15,000,000. O B
Pref. (also as to assets) 4 p. e., cum., $15,000,000.. O B
M e r g e n t h a l e r L i n o t y p e —Stock..........................................
Mexican T ele g ra p h -S tock ....................................................
M onong Riv. Oons. Cool < Coke—Com. stock, $20,000,000.
6
Preferred, 7 per cent, non-cumulative, $10,000,000.....
1st m ortgage $10,000,000, gold, s. f., fee t e x t . U P i c* 1899
....
__
—
....
....
$100
1,000
1,000
1,000
100
100
100 &c.
100 &c.
50
Various
Various
500 &c.
1,000
1,000
1,000
1,000
1,000
1,000
AILROA
100
100
100
100
100
50
50
1,000
S t o c k , E t c .— O f the $30,000,000 stock, $11,350,000 was to be used
with $7,500,000 bonds to acquire the stock and bonds of the
N ational and R etsof companies, so far as m ay be, and $7,400,000 stock
to be issued fo r expenses o f organization, provid in g $1,000,000
w orkin g capital, etc. The rem aining $11,250,000 stock, w ith $4,500.000 bonds, are reserved, and m ay eventually, i f deemed best, be used
to purchase the stock, properties or securities o f Canadian, Porto
Rico, G reat Britain and m inor U. S. salt companies, etc. U nderlying
bonds, $280,000 Hutchinson-Kansas Salt Co., due Jan. 1,1912, and
any unexchanged bonds o f R etsof Mining Co., being 5s due 1925 o f an
issue o f $2,500,000. United Salt Co. o f Ohio trust certificates (form ,
V. 72, p. 286) are in default, contract w ith that Co. being in litigation.
(See V. 74, p. 678.) Pres.,E . L F u ller; >cc. and Treas., M. M, B elding
Jr. Office, Scranton, Pa.— (V. 74, p. 000; V 75, p. 551, 7 j 6.)
I n t e r n a t i o n a l S i l v e r . — O r g a n i z a t i o n , E t c .— Incorporated in
N ov., 1898, under the law s o f N ew Jersey and acquired control of
silver-plating properties—see list in Y . 67, p. 1160; also V. 68, p. 232,
334, 1024. In 1899 estim ated output about 55 or 60 per cent
o f the tota l silver-plating output in the U. S. A lso has a la rge ster
lin g silver output. See application to list in V . 68, p. 334, as to rights
o f stock, plants, etc. V. 67, p. 1160; V. 68, p. 1024; V. 71, p. 545- In
September, 1902, the United States S ilver Corporation acquired a
m ajority o f the stock. V. 75, p. 668. D ividends on pref., 13 per cent,
4
paid A p ril, 1900; in 1901, none; in 1902, 4 per cent (1 p. c. Q.—J.).
U nderlying bonds, $127,600 H olm es & Edwards, 1st 6s; Rogers &
H am ilton, W aterbury, $30,000.
Report fo r year ending Dec. 31,1901, w ith bal. sheet in V. 74, p.774,
showed net earnings, $614,934; int. on bonds, $223,a92; div. on pref.
stock (1 p. c.), $51,075; depreciation w ritten off, $113,551; bal., sur.,
$226,916, Pres., Samuel D o d d ; Treas., Geo. M. Curtis; Office, 11
Maiden Lane, N. Y .—(V. 73, p 1267; V. 74, p. 7 7 4 ; V. 75, p. 668, 736 )
I n t e r n a t i o n a l S te a m P u m p C o .— O r g a n i z a t i o n . —In co rp o
rated on Mar. 24,1899, under the law s o f N ew Jersey as a consolida
tion o f live companies estim ated to do 90 per cent o f the steam pump
business o f the country, exclu sive o f high duty engines. Official state
ment in V. 68, p. 723; V. 72, p. 673; V. 71, p. 545; report V. 75, p. b2.
In June, 1902, the company was building a n ew fa ctory at H arrison,
N. J., to cost o ver $1,000,000. V. 74, p. 1311; V. 75, p. 82. O n e r s on
hand June 30,1902.—V. 75, p. 188.
S t o c k .— D iv. on pref. Aug. 1,1899, to N ov. 1,1902, both incl., 6 p. c.
per annum, Ita Q. J.; on common, July, 1901,to Oct., 1902, incl. 1 p. o.
quarterly; also 4 p. o. from year 1901-2, payable quarterly, beginning
Ju ly 1. The stock unissued is set apart to retire the $2,000,000 7 p.
c. cum ulative preference shares o f H en ry R. W orthington Co. and
£188,300 6 per cent debentures and £100,000 8 per cent preference
shares o f the B lake & K n ow les Co. A s to H o lly M fg Co bonds, see
V. 73, p. 1117. R ep ort fo r y ear ending Mar. 31, 1902, given in fu ll in
V. 75, p. 82, showed net profits, $1,510,486; dividend on preferred
(6 p c ), $531,000; interest, etc., $245,234; div. on common (4 p. c.),
(¥490,500; bal., sur., $243,752. President, John W Ounn; Treasurer,
M ax Nathan. Office, 114-118 L ib erty St., N. Y . N ew directors, June,
1902, V. 74, p. 1255.— (V. 74. p.1311; V. 75, p. 76, 82, 188.)
I r o n S t e a m b o a t .—Seepage 170.
JTefferson & C le a r f ie ld C o a l & I r o n . —See page 170.
K a n s a s C ity , M o ., G a s C o .—O rganized in A p ril, 1897, in
M issouri and acquired a ll the property, franchises, etc., o f the Kansas
C ity Gas and Missouri Gas companies. C apacity o f 4,000,000 cubic
fee t a day; 257 miles o f main pipe; meters in use March, 1900, 21,120.
Capital stock, $5,000,000: par, $100. Bonds outstanding, $3,942,000
old 5s, due A p ril 1, 1922, subject to call at 105. Interest is payable
. & O. at N. Y . office o f Guaranty Trust Co. or M. & N. in London.
R ep ort fo r year ending A p ril 30, 1902, V. 75, p. 28. Net, $304,428;
int., $197,100; bal., $107,328. Pres., Hugh M cGowan.—(V. 75, p. 28.)
K i n g s C o u n t y E le c t r ic L i g h t & P o w e r . —This company, ow n
in g a new pow er station on the w a ter fron t in Brooklyn, and other
property in that borough, acquired in 1898, per plan in V. 67, p. 482,
the entire $5,000,000 capital stock o f the Edison E lectric Illu m inating
Co. of Brooklyn. The K in gs County Co. therefore has control o f all
the electric-lighting business in B rooklyn—See V. 69,p. 177, 957. The
Edison Co. operates en tire combination. V. 70, p 483.
S e c u r i t i e s .— The $5,176,000 purchase money bonds are secured
by deposit o f $5,000,000 Edison stock in trust, by a seoond
m ortgage lien on the Kings County plant as now owned or hereafter
acquired, and by $1,000,000 cash guaranty fund to be invested in
securities approved by the com m ittee—see V. 67, p. 482,1309. A s to
Edison Co.’ s consol, mort’ ge. see V. 67, p. 482, 842; V. 71, p. 493, 868.
D i v i d e n d s .— June, 1900. to Sept., 1902, Ik? p. o. quar. (Q‘.-M.).
E a r n i n g s —Statement o f M ay 1.1900, V. 70, p. 1047; balance sheet
o f N ov. 1, V. 71, p. 1218. President, Anthony 'I. Brady; Treasurer,
A. W. D a ter; directors, Jan., 1900, V. 72, p. 1283; V. 73, p. 794.
K n i c k e r b o c k e r I c e C o . o f C h i c a g o .—V. 74, p. 330,375, 580.
L a c le d e G a s L i g h t . —O r g a n i z a t i o n .— Incorporated in 1857, and
In 1889 secured control o f all the other gas companies in St. Louis. In
1896 the price o f gas was reduced from $1 18 to $1 per 1,000 fee t for
illum inating and 80 cents fo r fu el gas. Suits V. 66,p. 760; V. 70,p. 534.
Stock .—$1,000,000 new common stook was sold in 1900-01 [raising
the amount to $8,500,o00] fo r im provem ents. V. 70, p. 178.
D ivs.—
> 90. ’91. 92. 93. 94. ’95 to Dec., ’97. 98. 99. 00. 01. 1902.
P f . 5% cum. > 2 k) 0
5
5
6 7 (3k2 setni-an.) 8 5
5 5 June,2 ki
Com.,p. o. > 0
0 0 0 0
0
3 3 4 4 4
B o n d s .— See application to Stock Exchange in V . 4 9 , p. 657.
a n n u a l R e p o r t .— Statem ent of March 3 1 ,1 9 0 0 , w ith balance sheet,
was in V . 7 0 , p. 1047. F or v ea r 1901 (including Carondelet Branch,
net earnings were $ 1 ,0 ’>4,870: in 1900, $ 9 6 8 ,8 5 5 . Jan. 1 to Sept. 30,
1902, net, $ 7 8 9 ,9 1 6 , against $ 7 2 1 ,0 0 3 in 1901. N ew York office, 40
W all Street. - (V . 70, p. lt> 4 7 ; V. 72, p. 535; V. 73, p. 1 4 1 .)
f
$2,500,000
2,500,000
5,176,000
4,275,000
8,500,000
2,500,000
10,000,000
500,000
14,366,650
5,000,000
1,992,833
1,842,500
2,470,750
3,686,000
1.500.000
1.760.000
12,175,000
2,691,000
6 in 1901
5 g.
6 g.
4 g.
4 in 1902
S in 1901
5 g.
5 g.
6 in 1902
4k)
4 g.
4 g•
7
4!g g.
4k) g.
4 g.
4k3
5
D COMPANIE s.
1,885,005 Stfl in ’01
15.000. 000
15.000. 000
10.000,000 13 8)1901
1.912,600
10
20,000 000
9,365.000 7 in 1902
9,479,000
6 g.
Q .-M .
A. < O.
fe
A. & O.
J. & J.
M. & S.
J. & D.
Q .- F .
M. & N.
Q .-J .
Q .- F .
J.15&D.
J. & D.
Q .- F .
M. & S.
J. & J.
Q .-M .
M. & N.
N. Y ., Colonial Tr. Co.
N. Y ., Central Trust Co.
N. Y., Morton Trust Co.
N. Y..H .B .H ollins; St.L.
do
do
do
do
Philadelphia,
do
do
do
do
do
do
do
do
do
Office.
do
do
do
do
do
do
do
do
do
Sept. 2,’ 0 2 , l i «
Oct. 1, 1937
Oct. 1, 1997
Jan. 1, 1939
Sep.15,’02, 2%
J ’ne 16,’02,21*
M ay 1, 1919
Feb. 1, 1911
M ay 27,’02.3%
July 1, 1914
A p ril 1,1914
June 15,1914
June 1, 1911
M ay 1, 1924
Sept. 1, 1905
July 1, 1948
June 1, 1910
Nov. 1, 1912
J.30&D. N ew York, 1 B ’dway. July 1, ’0 2 ,2i*
J. & D. Div. from Dec. 1,1902.
Q .-M . N .Y., 114 Tribune Bld’g Sept.30,’02.2ka
Q .-J . N. Y., Office, 37 WaB St. Oct. 15,1
’02,2k)
J. & J.
Checks mailed.
July 15,’02,3L)
A. & 0. Union Tr. Co., P itts.. Pa. Oct. 1, 1949
L e h i g h C o a l &. N a v i g a t i o n . —Owns canal from Coalport to E a s
ton, Penn., 48 miles, and leases D elaw are Division Canal, 60 miles.
Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union
Junotion, Pa., 105 miles, w ith branches, 60 miles, and leases fo r 999
years Nesquehoning V a lley Railroad, 17 m iles; Treskow Railroad, 7
miles; other lines, 17 m ile s ; total, 206miles, o f which 115 miles double
tra ck s; but all these roads are leased fo r 999 years from 1871 to Central
of N e w Jersey R R ., rental being 33 hi per cent o f gross earnings, with a
m inim um rentalof $1,414,400. Delaware Div. O analis leased for 99 years
from l8 6 6 at interest on the bonds and 4 p. o. on stock, paid as rental.
B on d s .—General M. o f 1884 covers, subj. to prior bends, 7,460 acres
coal land, 48 miles canal and 161 miles railroad; bonds are reserved to
retire all prior issues. Ground rents and m ortgages, $123,665.
A s to collateral tiu st bonds o f 1895, see fu ll statement. (V. 61, p. 154.)
F or m ortgage o f 1898, see V. 66, p. 1139 (under “ Del. Div. Canal” ),
also V. 67, p. 125; $2,085,000 w ere issued Ju ly 1,1898, by the trustee
to retire $480,000 Del. D iv. Canal 6s and fo r other purposes, but o f
these $910,000 in Jan., 1902, w ere reserved in the treasury to pro
vide fo r floating debt and w orkin g capital. V. 70, p. 428.
Join tly and severa lly w ith Cent. R R . o f N. J. guarantees $1,062,000
Leh. & Hud. R ive r R y. gen. 5s, prin. and int. V. 67, p. 788.
D lV S . since 1889 / ’91 ’92 ’93 ’9 4 :9 5 ’96 ’9 7 ’98 ’99 1900 ’01
1902
P e rc e n t............ S 5 542 6 4 i* 4
4 4
4
4 5*2 6 M a y ,3
In 1901, May, 3 p. c.; N o v. 3 p e ; 1902, May, 3 p. c.
a n n u a l R eport .—R ep ort fo r 1901 was in V. 74, p. 527. Coai pro
duced in 1901, 1,305,495 tons; ’ 00, 2,098,890 tons; ’ 99, 1,807,733 tons.
Lear ending Dec. 31. 1901
1900.
1899.
1898.
From railroads...........$2,157,088
$1,926,175 $1,878,224 $1,504,200
Canals......................... def 9,077
10,734
7,403
6,089
Net profit on Leh.Coal
201,096
500,462
139,060
156,891
Miscellaneous .........
225,822
186,339
179,435
192,602
$2,623,709 $2,204 123 $1,859,782
T otal receipts.......$2,574,929
$1,317,799 $1,299,610 $1,300,432
Int.,rentals, taxes, &c. *1,325,365
Dividends.................. .(6)860,799 (5k)) 789,066 (4)573,866 (4)573,866
sr. 516,843 sr. 330,647 def. 14,516
Balance.......................sr.388,764
97,576
83,802
87,709
Sinking fu nd..............
87,077
100 000
D epreciation..............
100,000
- ( V . 72, p. 389, 440, 5 79, 778, 939; Y. 74, p. 429, 527.)
L e h i g h & W i l k e s b a r r e C o a l .—Controlled by Central RR. o f N ew
Jersey and owns 28,909 acres o f anthracite coal lands and holds 2,847
additional acres under lease. I t operates thirteen collieries and leases
about 4,000 acres o f its coal lands to various operators. V. 71, p. 26.
Stock .—$10,000,000, o f which $9,212,500 outstanding, $8,124,650 of
this being owned by Central R R. o f N. J., control o f which was acquired
by the Reading Ry. in Jan., 1901. In 1901 mined, 3,414,735 tons.
Bonds, Etc.—The consolidated (now flrst) m ortgage o f 1875 is fo r
$15,000,000; the bonds, origin ally 7s, matured in 1900 and w ere e x
tended at 4*a per cent interest, both principal and interest being guar
anteed b y endorsement by the Central RR. of N. J. The balance
unissued is available fo r im provem ents, etc. The Central RR. o f N. J.
holds in its treasury $4,432,000 consols and $2.353,000 income B
bonds, $8,834,339 5s o f 1910 and $811,000 o f the $2,691,000 5s of
1912. See V. 71. p. 26, 39o.
Fiscal year to end June 30. R ep ort fo r year ending Dec. 31. 1901,
was iu V. 74, p. 7z4. show ing: Gross earnings, $12,576,247; net, $1,567,369; interest. $1,469,188; sinking fund charges, $100,108; bal.,
def., $1,918.— (V. 74, p .5 7 6 , 7 2 4 .)
L o u i s v i l l e B r i d g e C o .— L o u . J c J e ffe rs o n B r i d g e . —See RRs
M a d i s o n S q u a r e G a r d e n . —See page 171.
M a n h a t t a n B e a c h H o t e l A L a n d C o .—See page 171
M a r s d e n C o .—See page 171.
M a r y l a n d C o a l C o .—Controls 6,000 acres o f land in A lleghany
and G arrett counties, Md. S t o c k .— Preferred as in table, and iu addi
tion old common, $11,100, and treasury stock, $103,895. The last of
the bonds was paid o ff in 1897. Coal produced w as; 415,304 tons in
1901; 321,558 tons in 1900,480,856 tons in 1899. Annual report for
1901, with balance sheet, was in V. 74, p.476. 8urplus earnings in
1901 o ver interest, etc., w ere $253,672; in luOO 140 335; in 1899.
$157,248; d ivid ’ ds in 1901 (5 i* P- 0.) $103,653; sur. fo r year, $150,019.
D i v i d e n d s — ) ’ 93. ’ 94. ’ 95. ’ 96. ’97. ’ 98. ’ 99. 1900. ’01.
1902.
N ew pf., p. 0. ) 2*8 3*2 4ks 5
4
4
71
*
5
5** Sept., 7*8
In 1901, July 1, 2k>; Deo. 31. 3; 1902, Ju ly 1, 2k2— (V. 74. p. 47 6.)
M a s s a c h u s e t t s G a s C o m p a n ie s.—Organization , —a voluntary
association form ed in October, 1902, as successor o f the New England
Gas & Coke Co., reorganized w ithout foreclosure per plan in v. 74, p.
1311. The new com pany owns 400 by-product coke ovens at E verett,
Mass., of which about 325 w ere in operation in Oct., 1902, wnere gas
fo r heatm g and lighting purposes is produced at extrem ely low cost.
(V. 10, p. 483). This gas, amounting to o v e r 5,500,000 cubic feet daily,
is then enriched and distributed for consumption in Boston, through
the fo llow in g operating companies, o f whose stock the amounts named
are ow ned;
Total h sue.
Owned.
$1,998,600
Brookline Gas L igh t stock....................... $2,000,100
1,615,000
“
certificates o f indebtedness.
.. 1,615,000
517,600
Dorchester Gas Ligh t stock (V.74,p. 887)..
519,600
1,000,000
Boston United Gas bonds, 1st series......... 9,000,0 >0
sav 225,000
250,000
Jamaica P lain Gas L igh t C o .......................
1,000,000
Massachusetts Pipe L in e Co.(V.67, p. 275) 1,000,000
The predecessor company also exercised the righ t to vote the stock
deposited as security for the Boston United Gas bonds, of the Bay State
Gas Co. o f N ew Jersey, nam ely the Bay State Gas Co. of Mass., Boston
Gas Ligh t Co., South Boston Gas Ligh t Co. and Roxbury Gas Ligh t
Company; these com prising w ith the other companies above-named,
October, 1902.J
MISCELLANEOUS STOCKS AND BONDS.
M ISC E LLA N E O U S .
For
first page o f tables.
N a tion a l Asphalt—CoUat. tru st ctfs., $6,000,000, g o ld ...
Asphalt Co. o f Am erioa, col. trust ctfs., $30,000,000, g,
N ational B iscuit—t'omvaon stock, $30,000,000.............. .
Pref. stock, 7%, cum., $25,000,000. F or bonds see text
National Carbon—Common stock, $5,500,000............
Preferred stock, 7 per cent, non-cum., $4,500,000.........
y at’l E nam eling <t /stamping—Com. stock, $20,000,000..
P ref. stock, 7 per cent, cum ulative, $10,000,000.........
1st m ort., g., $2,500 000 auth., xio payable y ’rly ...S S t
N ational Glass—Stock, $4,000 000......................................
1st mort., gold, $200,000, payable N ov., yearly. TJPl.c*
General mort., $2,500,000, g., s. f., d’ rn at 105.T J P l.c*
N ational Lead Co.—Stock, common, $15,000,000 auth’ d,.
Preferred stock (7 per cent, cum.) $15,000,000 auth___
St. Louis Smelt’g & R efln ’g, m ort., red, in 1905, g u .M e
N a tion a l Starch Co.—See C o r n P r o d u cts C o .
N ational Steel— Sational Tube— See U nited States Stee
Newark Consol. Gas—N ew a rk Gas Is tM ., $4,000,000___
Consolidated m ortgage, $10,000,000.......................... o*
New E ng. Cotton Y a r n - V l . stock, ($5,000,000, 7% cum.)
1st M., $6,500,000, gold, s. f. subj. to call at H O .N B .e *
New E ngla nd Gas < Coke—See M a s s . G a s C o m p a n i e s .
6
New E ngla nd Telephone c£ Teleg.—Stock, $30,000,000.......
Bonds, Ser. 3, 4 & 5, $500,000 ea., call aft. 10 yrs. at 102
Bonds, Series 6, 7, & 8, $500,000 each, not subj. to call
161
tsoiuis—p rin ci
IN T E R E S T O R D IV ID E N D S .
D ate Size, or
pal,When Due.
Am ount
Par
R a te per When Where Payable, and by Stocks—Last
of
Bonds Value. Outstanding
Cent.
Payable
Whom.
Dividend. %
1901
1899 $100&o.
•- • .
100
100
100
100
-- - ,
100
100
1901
1,000
50
1899
1,000
1901
1,000
__ _
100
100
1900
....
l
$5,988,520
29,43 ,255
29,236,000
23,825,100
5,500,000
4,500,000
15,441,800
8,396,600
2,250.000
2,250,000
1,400 000
1,100,000
14,905,400
14,904,000
50,000
Cor P O R ATI ON.
1895
1898
....
1899
....
1,000
100
1,000
1891-3
1895-9
100
1,000
1,000
5 g. J.' & J. July, 1901, int. lastpd.
te
5 g. A. < O. Oct., 1901,int. last paid.
4 in 1902 Q.-J. 15 Chicago < N e w Y o r k .
te
7 in 1901 Q .- F .
do
do
Jan. 1, 1951
Apr.. 1949.1%
Oct. 15,’ 02,1%
Aug.30,’02,1%
7 in 1302 Q.-F. 15
Company’s offioe.
4 in 1902 Q .- J . N. Y ., C olonial Tr. Co.
7 in 1902 Q .- J .
do
do
5 g. M. & S St. L. Tr. Co., St. Louis.
Nov.15,’ 02,1%
Oct. 1 ,’02,1%
Oct. 1, ’02,
Sept. 1, ’ 02,11
M. & N. M ellon & Sons Bk, Pitts.
M. & N.
do
do
March. N. Y ., 100 W illiam St.
Q.—M.
do
do
J. & D.
do
do
1903 to 1909
N ov. 1, 1921
Mch. 1 ,’0 0 ,1%
Sep. 15,’0 2 ,1%
June 1, 1920
6 g.
6 g1 in 1900
7 in 1901
5
4,000,000
5,274,000
5,000,000 7 in
5,523,000
New ark.
6 g. Q .-J .
A p r. 1, 1944
5 g- J. & D. N. Y .,41 W all & Newark. Dec. 1, 1948
1902
J .-J
Bos.,Kid., Peabody & Co July 1, ’02, 3is
5 g- F. & A. Bost., N. Shawmut Bk. Aug. 1, 1929
21,628,200 6 in 1901 Q .- F .
Boston, 119 M ilk St. A u g .l5 ,’0 2 ,l1
3
1,500,000
6
A. & 0. Boston,Bank o f Repub. Apr., 1906 7-8
1,500,000
5
A . & O. Bost., Nat. Bk. Com’rce. 1915, ’ 16 & ’ 19
a ll the companies operating in Boston (see B ay State Gas Co. state
ment, page 169). The m ortgages securing the bonds o f the B a y State
Company areb ein g foreclosed and the securities pledged are expected
to be acquired fo r or in the interest o f the Massachusetts Gas Com
panies (see Y . 75, p. 796. and B a y State Gas Co., V. 75, p. 79).
C o n t r a c t —T he contract -with the Dominion Coal Co. runs until
S e p t, 1925, and guaranteed the Gas Companies all the coal needed to
run the E v e re tt coke plant at $1 90 a ton. A bout 600,000 tons o f coal
are n ow being shipped to E ve rett annually. In October, 1902, the
contract was reported to have been modified, the Gas Companies to
receive its present supply o f coal at about the p rice then being paid,
but agreeing to pay a slidin g scale o f prices fo r coal additional to the
requirem ents o f 400 ovens. Compare V. 75, p. 189.
E a r n in g s .—T he amount required fo r the dividend on the preferred
stoi k is stated to be w ell w ithin the earning p ow er o f the property,
even before the proposed expenditures fo r im provem ents and additions,
w hile the new capital p rovid ed is thought to make the prospect good
fo r the common shares. (Com pare V. 75, p. 796.)
O f f ic e r s .—P resident, C. M in ot W eld; Treasurer, W allace S. D raper;
Secretary, John C. Rice. The Old Colony Trust Co. is tran sfer agent
i
and the Massachusetts Trust Co. registrar.
T r u s t e e s — Charles Francis Adams, 2d; W alter Cabot Bayltes. Samuel Carr,
Robert Clarence Pruyn. Joseph Ballister Russell. Frederics Elm e r snow, Chas
Augustus Stone. A lb e rt Strauss. Christopher M inot W eld, Robert W insor.—
(V 75, p. 73, 79s )
J l e r g e n t h a l e r L i n o t y p e . —Listed in 1898, R ep ort fo r 1900-01
m V 73, p. 1110. In 1901-2, total n et profits, $1,892,918; dividends
(13»sp. c ), $1,350,000. Statem ent as to r iv a l co’s, V. 67, p. 371.
D iv id e n d s , ? 1894. ’ 95. ’ 96. ’ 97. ’ 98. ’ 99 & ’00. ’ 01.
1902
P e r c e n t .? 3
8 1 4 ^ 19
25
20 y ’ rly. 1 3 ^ Inch Sep.,7ig
In Mar.. June and Sept., 1901. only 2*3 per cent regu lar dividends
w ere paid, but in Dec. the 3% p. c. ex tra dividend was paid; March,
1902, 2ig p. c.; June, 2*2 p. c . - ( V . 73, p. 1 1 1 0 , 1267; Y . v5 p. 851.)
J l e x l c a n T e l e g r a p h . —Company organized in 1878 under law s of
New Y ork State. Has a cable from Galveston to Tam pico and V era Cruz,
738 m ile s ; land line, V era Cruz to M exico City, 267 miles. A lso direct
cable from Galveston, Texas, to Coatzacoalcos, M exico, 825 miles, dap
licating the Mex. Tel. and Cen. & So. Am . Co.’ s G u lf cable system. Owns
2,125 shares o f the Central & So. Am . Telegraph Co., which see.
D iv id e n d s —I n 1882 to 1886, inclusive, 8 per cent y e a rly ; from 1887
to Oct., 1902, both Inclusive, at rate o f 10 p. c. per annum (2 ^ Q r.)J
E a r n in g s .—Gross earnings fo r year 1901, $468,269; net, $307,584;
diva.,$191,260. J .A .8 c ry m s e r,P re s .,3 7 W a llS t.,N .Y .— (V .6 2 ,p .6 8 »..
J I1 I.& ChSe. B r e w e r i e s . —V . 69, p. 1299; V. 71, p.345; V . 74, p. 99.
I W o n o r ig a h e la R i v e r C o n s o l i d a t e d C o a l <fc C o k e C o .—
See page 171.
E a r n i n g s .— The plan is based on estim ated n et earnings o f the new
company o f about $700,000 per annum, “ w ith expectation o f a rea
sonable increase in the com p a ratively near future.”
Statem ent fo r calendar years 1900 and 1901 in V. 75, p. 183, showed
tota l adjusted n et profits fo r 1901, $908,627; in 1900, $486,340.
A s to Venezuelan dispute, see V. 71, p. 1272; V. 72, p. 46, 143,1087
1283; V. 74, p. 99.
Ol d B onds .—T he 5s o f 1901 w ere issued b y the Equitable
Trust Co. o f Philadelphia, as trustee, and secured b y the deposit o f
$29,922,800 Asphalt Co. o f Amer. stock (20 per cent paid in).
F or securities owned and pledged b y Asphalt Co. o f Am erica, see
statement V. 70, p. 993; statem ent o f that company Dec. 31. 1899
w ith balance sheet, V. 70, p. 530. G uaranty fund, V 74, p. 940.
’
Bonds o f controlled companies outstanding (not owned), $1,000 000
Barber Asp. P av. deb. 6s, due A p r il 1.1916; £338,000 N e w Trinidad
Lake Asph alt debenture 6s, due Jan. 1. 1930; $400,000 A lca tra z Co
debenture 6s, due Jan. 31, 1939. and $275,000 Gilson Asphaltum 25
year 1st 5s, dated Ju ly 1,1901, subject to call at 107. V. 70, p. 993;
V. 71, p. 545; see also securities owned, V . 73, p. 290. (V. 74, p. 1311;
V. 75, p. 1 8 3 , 188,293, 457, 613,736.)
N a t i o n a l B i s c u i t . —Organized In 1898 and purchased N. Y . Bis
Co., Am .Bis. & M fg. Co., etc.—V. 66, p. 288, 901; V. 71, p. 543 .
D i v i d e n d s .— On pref., in 1898, 5 i t p. c.: 1899, to Aug., 1902, 7 p. c .
(13i Q -F ). On com., Jan., ’ 99, to Oct., 1902, inch, 4 p. o. (1 p 0. Q-Ju
B o n d s .— These include N. Y . Biscuit first 6s(M & S.),d u eM ar., 1911.
$952,000; Am. Biscuit & Man. 1st 6s (F & A .), due Aug., 1910, $545.000, and $45,000 5s due $5,000 y e a rly in October.—V. 67, p. 274.
A n n u a l R e p o r t . - R e p o r t fo r year ending Jan. 31,1902, was in V
74, p. 425. showing: Sales fo r year, $38,625,135; n et profit, $3370,445; dividends, 7 p. c. on pref. and 4 p. 0. on common, $2,837,197;
bal., stir., $833,248. President, Benjam in F C raw ford; Asst Sec
and Asst. Treas., J. A . L ew is.—(V. 72, p, 390; V. 74, p. 4 2 5 .)
N a t i o n a l C a r b o n C o .—O r g a n i z a t i o n .— Incorporated in N e w
Jersey on Jan. 16,1899. V. 68, p. 85, 130. Dividends on pref. J u ly
15,1899, l % p . c.; Oct., l % p . c.; 1900, Jan., lS i p. 0.; Mar. 15, l % n c
Dividend period changed in F e b .,’00, to Q.-F. 15; M a y ’00 to N o v ’02*
1 ^ p. c. quar. R ep ort fo r year ending Jan. 31, 1902, w ith bal. sheet!
in V. 74, p. 476, showed: N e t earnings, $586,812; dividends (7 n c )
on preferred, $315,000; depreciation,etc.,$217,745; bal.,sur.,$54 068
Pres., James Parm elee; Treas., H. E. H ackenberg; Sec., H. J. D avies
! Main office, Cleveland.— (V. 7 2 ,p. 440, 4 7 9 ; V. 74, p. 4 7 6 .)
N a t i o n a l E n a m e l i n g A S t a m p i n g C o .—O r g a n i z a t i o n —I n
corporated in N ew Jersey on January 21,1899. See nrospectus’in V
1ST.
p. 474; V. 72, p. 678; V. 74, p. 1359. D iv. on pref.
19Q0> 7 p . C.; 1901, Apr., 1% p. e.; June 30,1% p. e.; Oct. 1, l % p , e 1902.1% p. c. quar, (Q-J.) F irst div. on com. stock. 4 p. 0 , paid 1
p.c. on Jan 1, ’02, and 1 p c. quar. thereafter. V. 73, p. 1267 The"$250.000 bonds due Deo. 15,1902, w ere paid o ff Dee., 1901. V. 73 p 1267
§ ^ * 3 fo r I S iiv,
June 30>1902’ was in V. 75, p. 341,show ing!
net, $1,720,307; dividends on pref. (7 p. c.), $587,762; div. on com. (4
| P O .), $463,254; lea vin g a surplus o f $669,291; tota l surplus. $1,779,^08. President, F red ’k G. Niedringhaus: Seo., Wm. H. M a ttlia i;'T reas
Jas E. Ingram . N. Y . office, 81 & 83 Fulton St.—(V. 73, p. 1267; V .
75, p, 3 4 1 .
M o u n t V e r n o n - W o o d b e r r y C o t t o n B a c k C o .—See United
States Cotton Duck Corporation.
N a t i o n a l A s p h a l t C o .—Or g a n iz a t io n ,—I ncorporated in New
Jerscy o n M ay 3,1900. V. 70, p. 897. In Oct., 1900, acquired control
of the Asphalt Co. o f Am erica, and other properties per plan V. 71 n
545,700; V, 72, p, 244,286; see also V. 73, p 290.
' P'
N a t i o n a l G la a a C o .—O r g a n i z a t i o n .— In corporated in P e n n s y l
R to r o an m zatio n .—On Dec. 28, 1901, H en ry Tatnall and John M.
M arker Philadelphia, w ere appointed receivers. In terest on bonds and vania on Ju ly 5,1899, as a consolidation o f tablew are manufacturing'
V ^ re s ts . V. 69, p. 61. F or list o f 19 companies taken o ver N ov. 1.
sinking fund payments of both co.’s are In default V. 74, p. 42 730
1899, including the ten la rg est factories outside ot the U. 8. Glass Co.!
In Dec,, 1901, o ver a m ajority o f the A sph alt o f A m erica 5s and* of
the National Asphalt 5s common and preferred stocks had been de
posited with the follow in g committees;
^ A s p h a l t o f A m e r i c a 5 # .-H e n ry W. Biddle, Chairman; M ercantile
B o n d s .—F irst m ortgage bonds o f 1.899 are payable $200,000 y e a rly
Trust. Co., N Y
and Commercial Trust Co of Philadelphia, deposi Nov. 1, in numerical order beginning w ith number one, at Pittsburg O f
taries. See V. 73 p. 1064, 1316; V. 74, p 730, 940, 1311.
1
the general m ortgage bonds dated Nov. 1, 1901, $1,800,000 weno
N a h e n n l A s p h a lt s e c u r itie s .
W illiam K. H arrlty, Chairman; Enult- reserved to replace the first m ortgage bonds (including the $ 2 0 0 ,€ W
retired N ov. I, 1901), the remainder for improvements. They a m
t
ro ^ rh -s
v f T j '^ r i i 1 ! ' r u r
f
T « u t Co. o f N ew 1 ?or£
subject to oall at 105 on 30 days’ notice for a fin kin g fund, whtoli;
KEDRGA.vrZATlON P l a n .—1 he plan now o perative (V. 75, p, 736) issued is to receive 5 per cent, o f the earnings yearly. V. 73, p~ 239, 34 8,618,
by the two committees in July, 1902, was given In V. 7ft, p 188 I t
Ba r n in g s . - From N ov. 1, 1899. to July 14,1900, including inven
provides for the form ation o f a new company, which will he authorized
tories, $2,574,518; operating and general expenses, $2,251,012: not
to Issue $i7.i 00,000 common and $14,000,0 .O preferred st»rk The
506. V. 71, p .3 4 5 .
preferred stock will have preference an to assets in cnee of !l(|ni- earnings, $323W. Herron, Pittsburg; President, Frank L. Stephenson;
Vine-Pres., A.
Sec., Addison Thompson; Treas..
Ld
o’ 1 be
1
^ v ld e n d s o f 5 p ercen t per annum (ontnn- Myron L. Case. Office, Pittsburg, Pa.— (V. 74, p. 1359.)
‘V'.h l 1!? * 2 year’. ) ; It w ill be convertible at any tunc, at, the option
N a t i o n a l L e a d C o m p a n y . —O r g a n iz a t io n .—Organized under
*n,
'; '} ? ! ^ m o n
H U ,e k , on the basis o f $1. o common for
fiOO preferrwl, but w\[\ tje
t to return ptloa at any tlrrio a fter 3 the laws or New Jersey on Dec. 7,1891. It controls extensive plants
n o o n 9 0 days’ noUoe. Practically the entire ih- uc of the in different States fo r manufacture o f w hite lead and other products
preferred and * 10,000.000 of the common w ill be Humble at one. the In Aug.,,19*'0. the St. Louis .Smelting A. Refining Co., whose stock Is
owned, filed a $1,000,000 mortgage, V 72, p. 390
cwmioder ($ , 000,000) o f the common being reserved toward c o n v r
In Oct., 1902, negotiations for consolidation with other lead proof ■
y
fKu./J/
lit .0 by a syndicate furnl-hlng $z,2r.o - lies. Including the Union Bead & Oil Co. (V. 74. p 1146), the n, >
com pany to have a capital It was supposed o f $B0,0t<0to0<), "had bee*.
,7®
working
«Dd payment o t certain debts, o f the r i o
|(
. Asplmlt, o f \ rue rice . s, $2,500,Out............bo surrendered for Oomrdeted, The Am erican Smelt la g A Refining (•<>., Thoiiln K | mi
>,(>O0 w ill
fl.5OO,00>> of the new common stock
Daniel Guggenheim , M II. Rogers, WIHiiim J W hitney and the M ot
.
ton Trust On. were, interested, v . 7 r>, p. 7 3 0 .
TV r tuh (if Mxr.hunff# The basis o f exehango w ill be as fo llo w . •
HKf.'tUUTtk.h. The preferred stock Is entitled to 7 n. c. per unman cu
— Witt receive-—.
S a c k f 1,0< r> p r i n c i p a l o f
assess '
New com. New Vf, mnliit.lve. Beeedltorlal o f May, IH93, HUI-iu .k m e n t , and V, 60. ;>. 349
00,
Asphalt i o of Am erica 5a, $26,932,254
Norm
....
$500
DtviniCNtm. - / 1892. ’ 93. ’04. ’ 9 5 . '96. *9 7 . IR 0 : to 1900 1901
m
National Asphalt Co. ft-., $5,-88.520.
$ io oo
$400
„ , Common, p. o,. 5
o
2
3 1
0
0
i "„i j early.
o
do
do
com. (ttk , $ 1 1,5ft] .570.
i r,o
40
Prefcrre.d, p. o. 7 per cent yearly ( 1 1 ; Q M to Sept.
>02, Inclusive),
do
pref. stk. *8,003,744....
440
10
A sm ;\ t, ItM'nKT. -Ftseai year ends Dec Ml, A n n u l ni«( l :
i
m m u o fni!rRTJ.8T' A V,!hr
’ f f h enew company texeent stifTksfent to
Thursday in February, The annual report for 1001 In V, 74, p
vested for ter, years In five voting trusteo*
ii,.i
425, gave the fo llow in g Statement; N et ounito/cri, 1-1,112,140: (11V
h i Ia , WinCim V , H arrlty. A lvin W K rv ,--)\ if mu
J
Tut
deeds on preferred, $1,043,230; balance for year ttrplfw, $08,800.
im l
<lc„w - f t Turnon 1 , ! „ « Urn trust mJ h i . C o I v K wlmto 1900, net, $1,070,441.
1
,Jlrni1 pnartltnous consent, o f after seven yesrs io u
Dtum tohh, W. i i , Thompson, K. O, Goahorti. F. W. Km
whole, in the discretion of a m ajority.
7
ockw ell, l». a
Cole, II. H, Colgate, A. P. Thompson, D. It. Hhlpman,,!. A. HtovorA >
p to F” 8
o '
-
162
INVESTORS’ SUPPLEMENT
[V ol . L X X Y .
Bonds—Brine:M IS C E LLA N E O U S .
IN T E R E S T OR D IV ID E N D S .
Date Size, or
pal,When Due.
Par
of
For explanation o f column headings, &c., see notes on
Oiltstandirip L a te per When Where Payable, and by Stocks—Last
PayaW e
Whom.
Bonds Value. outstanding Cent
first page o f tables.
Dividend.
N. Eng. Teleph. < Tel.—(C o n .)—Bonds, $1,000,000 (text).
£
Neva Y ork A i r Brake—Stock, $10,000,000. ......................
New Y ork B ock —1st M., $13,000,000, g., call 105.U sm c& r
N . Y. Gas Elec. L ig h t Meat < Power—See C o n s o l . G a s .
&
N. Y. < Hoboken F e rry Co.—Stock......................................
&
Hob. Fer., 1st cons. M., red. 110 ($4,500,000) .'C a m .c*
N. Y . & N. J. Ferry, tw o morts. ($600,000 are 1st 4 s )..
N. Y . & Hoboken F erry , gen. mort., gold, $4,000,000..
N. Y. M utual Gas L i g h t —Stock (bonds, see Cons. G a s )...
N. Y.M utualTel.—M nt. U n .T el. 1st M., g.,gu.,not dr’n .C ec
New Y o r k < N e w J e r s e y T e l e p h o n e —Stock, $15,000,000..
&
M. (now 1st) $1,500,000, g.,s.f.$20,000y’rly ,n o td r.A .c*
N . Y. T e l e p h o n e . — Met. T. &. T., Is tM ., g., s. f ............c&r
N i l e s - B e m e n t - P o n d C o . — Stock, common, $5,000,000......
Pref. stock, 6 %, cum., $3,000,000, call in 1911 at 105..
P ra tt & W hitney, 6 p. c. cum. pf. stock, gu., red., te x t..
N orth A m erican—Stock, $12,000,000........................ .........
N o r t n w G a s - L . < C o k e —Con.(now 1st) M .,$2,000,000.E C
&
Cicero Gas, 1st m o rtg a g e .M C ........................................
Do
Gen. & ref. M., $5,000,000, g., gu.p.&i.EC.c*
O h i o < I n d . N a t ’t & I l i u m . G a s — Stock, (Bonds see tex t)..
£
O t i s E l e v a t o r — Stock, pref., 6 p. e., non-cum, $6,500,000..
G old notes, due Jan. 1, y e a rly (see t e x t ).......................
P a cific Coast Co.—Stock, common, $7,000,000 (see t e x t ) .
1st preferred stock, $1,525,000, 5 p.c. non-cumulative.
2d pref. stock, $4,000,000, 4 p. o. non-cum. (see t e x t ) ..
l e t m ortgage. $5,000,000. g o ld .H Ia ............................ o*
$1,000
100
1901 500 &c.
1900
1896
1896
1898
1881
1890
1888
1898
1892
1902
1897
1,000
1,000
100
1,000
100
1,000
1,000
100
100
'Too
500
1,000
100
100
100
100
100
1,000
G eorge O. Carpenter, Edw ard F. Beale, J. L. M cB irney R . P. R ow e
and Charles F. Wells. Pres., L. A . Cole; J. L. M cBirney, Treas.; Charles
Davison, Sec. N. Y . office, No. 100 W illiam St.—(V. 74, p. 4 2 5 .)
N a t i o n a l S a lt C o .—See page 171.
N a t . S t a r c h C o .—See C om Products Co.; V . 74, p. 271, 330, 382N a t i o n a l 'S t e e l C o .—See U. S. Steel Corporation .
N a t i o n a l S u g a r R e f i n i n g . —See page 171.
N a t i o n a l T u b e C o .—See United States Steel Corporation .
N a t i o n a l W a l l P a p e r C o .—In liquidation.— (V. 73, p. 794.)
N e w a r k C o n s o li d a t e d G a s .—See page 171.
N e w C e n t r a l C o a l (H i d . ).—Owns coal lands in A llegh en y County,
Maryland. Tons mined in 1898, 203,677; 206,262 in 1897, 188,453
In 1896, 201,826 in 1895, and 151,002 tons in 1894; net profits,
in 1898, $37,397; in 1897, $32,006; in 1896, $23,018. N. Y. office, 1
Broadw ay. In 1898 reduced the stock from $5,000,000 to $1,000,000
and shares frdm $100 to $20. V. 66, p. 901,1140; V. 64, p. 5 1 5 .
D r v i D ’DS.— ) ’ 86. ’ 87. ’ 88. ’ 89. ’90. ’91-’ 94. ’95-’ 97. ’ 98. ’ 99. ’00 ’01.
Since ’ 84 p. c. ( 1 1 1 0 0
1
0
2 4 A p r.,2 0
The Oct., 1900, dividend was passed and none paid since to July,
1902.—(V. 67, p. 29; V. 71, p. 700.)
N e w E n g l a n d C o t t o n Y a r n . —A consolidation of 9 yam m ills
o f N e w Bedford. F a ll R iv e r and Taunton.— V. 69, p. 28, 81,181; V. 70,
p. 587, 1294. Total, 620,000 spindles. V. 71, p. 345; V. 73, p. 443.
Securities .—Stock authorized, common, $5,000,000; pref. (as to
assets and div. and subject to redem ption after Jan. 1,1900, at $140
per share), 7 p. c. cum., $6,500,000, outstanding, as in table. N otes
payable June 29,1902, $2,632,500.
R eport .—R ep ort fo r year ending June 28,1902, w ith balance sheet,
w as in V. 75, p 341 (no income account). F irst report fo r I l k mos.
ending June 30, 1900, was in V. 71, p. 286, showing: N et, $1,398,709;
oth er income,5 $5,289; int. and sink fund, $317,125; div. on pref. (7
p.c.), $337,500; additions, etc., $629,990; bal., sur., $119,383.
Dividends .—F irst div. on pref., 3 k p. c. fo r 5 k mos. paid Jan. 1,
1900; July. 1900, to July, 1902, inol., 7 p. c. ye a rly (J.-J.)
Pres., A n d rew G. Pierce, N ew B e d fo r d .- (V . 73, p. 443; V . 75, p. 341.)
N e w E n g l a n d T e le p h o n e & T e l e g r a p h . —This com pany does a
telephone business in Maine, N e w Hampshire, V erm on t and Massachu
setts under license from Th e A m erican B e ll Telephone Co. On January
1,1 9 0 2 .it had 93,700 stations in all, against 75,121 in 1901. O f ca p
ita l stock a m ajority is ow ned b y A m erican Telephone & Telegraph
(B ell) Co. V. 70, p. 40. The bonds are debentures, but are to be
secured b y any m ortgage placed on the property. The stockholders
w ere offered the righ t to subscribe to $3,604,700 n ew stock pro rata
at par, one-half payable A u g, 16 and the rem ainder Nov. 17, 1902,
raising the amount outstanding to $21,628,200. V. 74, p. 833, 1312.
Dividends .— > 1886-93. 1894. 1895. ’ 96. ’97. 1898 to Au g., 1902.
P e rcen t.
( 3 k yearly.
4
4k
5 5k
6 y e a rly ( i k Q.-F.
A nnual R eport .—Fiscal ye a r ends Dec. 31. R ep ort fo r 1901 was
in V. 74, p.1137, showing gross earnings $5,177,412; net o ver in ter
est, maintenance, taxes, etc., $1,037,482; dividends (6 p. c.) $947,406;
balance, sur. fo r year, $90,076.—(V. 74, p. 833, 991, 1 1 3 7 , 1312.)
N e w p o r t & C i n c in n a t i R r i d g e C o .—See R ailroad Cos.
N e w Y o r k A i r B r a k e . —In corporated under law s o f N e w Jersey,
W orks at W atertow n, N. Y .; capacity. 500 sets o f car brakes a day. In
A p ril, 1902, Russian plant w as placed in operation. V. 74, p. 887.
In 1896 dividend 6 p. c.; in 1897 and 1898 none; Oct., 1899, to
Oct., 1902, inch, 2 p. c. quar. (8 p. c. per an.). The stockholders voted
Aug. 16, 1899, to increase the stock from $5,000,000 to $10,000,000.
O f the new stock $1,250,000 was subscribed fo r b y stockholders at par
($100) fo r extension o f business, and $1,562,500 additional fo r the
same purpose in May, 1901. V. 69, p. 181, 388; V. 72, p. 876.
A s to
paten t litigation w ith Westinghouse A ir-B rake Co., see V . 69, p. 181.
442; V. 70, p, 636; V. 73, p. 1359.
D irectors .—President, C. A . Starbuck, 66 B ro a d w a y ; V ice-Prest
Daniel M a go n e; Seoy. and Treas.. John C. Thom pson; Asst.-Treas.,
C. H. Chaffee, Fred. F lo w er, H. A . Rogers, J. C. You ng, Anthony N.
Brady, Thomas O. Purdy and G eorge B. M assey.—(V. 74, p. 887.)
N e w Y o r k D o c k C o .—Organization .—In corporated in N. Y . State
on July 18,1901, as successor o f the B rooklyn W harf & Warehouse Co.,
foreclosed and reorganized per plan V. 72, p. 937. Possession
taken Aug. 1,1901. V. 73, p. 239. Owns w ater fron tage in Brooklyn
•‘ fron tage o f m ore than 2% miles,” o f which 157 fe e t leased. Official
statement, V. 73, p. 1355.
Stock and B onds.—Com. stock, $~,000,000; pref. 5 per cent noncum ulative, $10,000,000, a ll in shares o f $100 eaoh. A lt e r 5 p. o. on
both stocks the tw o stooks to share equally. O f the bonds, $1,420,000 are reserved fo r future extensions and im provem ents; $455,000
additional w ere in the treasury June 30,1902, against Baltio R ea lty
m ortgages paid off. P rop erty not needed m ay be sold and proceeds
applied to im provem ents or cancellation o f bonds.
D ividends .—F irst div. on pref., 1 p. o., paid Oct. 15, 1902.
R eport .—R ep ort for year ending July 31.1902, w ith balance sheet
fin V. 75, p. 610, showed: Gross earnings, $1,993,496; net earnings,
fiv e r repairs, e,to., $814,534; interest on bonds, $463,200; balance,
surplus, $351,334.
Officers —Pres., David H. K in g .Tr.; Vice-Pres., Columbus O’ D. Iselin; Sec., Richard M. Hurd: Treas., G eorge E. Spencer. Office, 66-68
Broad St. (Manhattan), N. Y . Directors. V. 73, p. 141, 1114.—(V. 73
p. 1 3 5 5 ; V. 74, p. 1312; V. 75, p. 552, 6 1 0 .)
N e w Y o r k dc E a * t R i v e r F e r r y . —Owns the “ A sto ria ” F e rry be
tw een Astoria. L. I., and fo o t o f 92d St., N ew York, and has three fe r r y
boats. C apital stook, $750,000; dividends are payable Q.—M.
$1,000,000
4
J. & J. Bost., Nat. Bk. Com’rce. .Tan. 1, 1930
8,012,500 8 in 1902 Q.—J. Office, 66 B ’wav. N. Y. Oct. 15,’02,2%
11,580,000
4 g. F. & A N. Y ., U. S. M. & Tr. Co. Aug. 1, 1951
3.300.000
Q .-M .
Text.
4.100.000
M. & N. N. Y „ U. S. Mort. & Tr.
5
1.000,000
.
4 & 5 •T & J. N. Y ., Cent. Tr. Co.
3.300.000
5 g. J. & D. N. Y ., U. 8. Mort. & Tr.
3.500.000 9 in 1902 J. & J.
Checks mailed.
5.000. 000
6 g. M. & N. IN. Y ., West. Union Tel.
See text.
7 in 1902 Q.—J.15 B klyn,81 W illoughbySt.
1.324.000
5 g. M. & N. N. Y ., A tlan tic Tr. Co.
1.925.000
5 g. M. & N. N. Y ., 18 Cortlandt St.
5.000
000 text. Q .-M .
See
2.000. 000 in 1901 Q .- F .
6
1.225.000 See text. Q .- F .
12,000 000
918,500
5
J & D. Equit. Tr. Co , Chicago.
6
Q .- J . Merch. L. & Tr. .Chicago
500,000
Chicago.
See text.
5 g. J. & J.
9,000.000 4 in 1901 Q.—M N. Y ., Corn Exc. Bank.
6
I Q .- J . N. Y . Off., 71 B roadw ay
~
~
5.589.800
1.250.000
4 e6.738.800 See text. Q - F . N.Y.,Manha"t. Trust Co.
do
do
1.502.800 5 in 1902 Q .- F .
do
do
3,904,200 See text. Q .- F .
do
do
4.446.000
5 g. IJ. & D.
D iv id e n d s . - )
’ 95.
’ 96.
’ 97.
’ 98.
’ 99.
’ 00.
Sept. 1 ,’0 2 ,li4
M ay 1, 1946
Jan. 1, 1946
M ay 1, 1946
July 10,’02,5%
M ay 1, 1911
O A. 15,’ 02,Ha
M ay 1, 1920
May 1, 1918
Dec.15,’02,2%
Aug.20,’0 2 ,lk
Aug. I5,’0 2 ,l1
a
Dec. 1, 1928
Ju ly 1, 1922
Ju ly 1, 1932
June 1 .’02,1%
Oct, 15,’02, l k
To 1908
N ov. 1 ,’02, 1%
Nov. 1 ,’0 2 ,1%
N o v 1, ’02, l k
June 1, 1946
’ 01.
1902.
(Q -M )P. c.
(
3
4
4k
5
5
5k
6 Inc. S ep t.,4 k
Bonds, $750,000 1st 30-year gold 5s due N ov. 1,1922, interest M.-N.,
at Kings Co. Trust Co. D irectors—W illiam A . Nash. Theo. F. Jackson, H. K . Knapp, E. Lehman and R osw ell Eldridge.—(V. 71, p. 392.)
N e w Y o r k * E a s t R i v e r G a s C o .—SeeNEW A msterdam Gas Co.
N e w Y o r k & H o b o k e n F e r r y C o .—Incorporated Nov. 10,
1898, under the law s o f N ew Jersey as successor o f the Hoboken F e rry
Co., operating from Barclay Street. Christopher St. and W est 14th St. to
Hoboken. The 5-year contract w ith the D el Lack. & W estern R R ., ex
piring Dec. 31,1902. M ay not be renewed. V. 74, p. 730.
Stock, $4,000,000; outstanding, $3,300,000. Of the new $4,000,000
gen. 5s $700,000 w ere reserved fo r improvements; gen. 5s are redeem
able at 110 on any interest day. Dividends, Dec., 1899, to Mar., 1901,
inclusive, 1 p. c. qu arterly (4 p. c. per annum); since to Sept., 1902.
1% p. c. quarterly (5 p. c. per annum).— (V. 74, p. 730.)
N . Y.IT1 m .G a s L i g h t . —See Con. Gas. N . Y . M a t , T e l . —Seep. 171.
N e w Y o r k & N e w J e r s e y T e l e p h o n e . —Operates telephone
lines under perpetual license from the B ell Company in Staten Island,
L o n g Island (Including Brooklyn), in N ew Jersey in counties o f Bergen,
Essex. Hudson, Mid ilese x, Monmouth, Morris, Passaic, Somerset and
Union. Its tota l stations on Jan. 1,1902, w ere 42,130 (o f which 19,357
in Long Island), 35,176 in 1901, 28,073 in 1900 and 22,065 in 1899.
S t o c k —Stockholders voted Mar. 1, 1901, to increase the author
ized stock from $8,000,000 to $15,000,000, $1,875,000 o f the new
stock being subscrib ;d at par. V. 72, p. 583. Stockholders w ere offered
the rig h t to subscribe at par fo r 33 k per cent o f additional stock, rais
in g the amount outstanding to $12,500,000, payable 40 per cent on
Nov. 1,1902, 30 per cent on M ay 1, 1903, and 30 per cent on Aug. 1,
1903. V. 75, p. 669. R ea l estate m ortgages Jan. 1,1902, $111,500.
Dividends .-- ) 1892.
1893.
1894 to Oot., 1902, inclusive,
P e r C e n t.
5 6
6
7% yearly (inch 1% ex tra in Jan.)
Earnings .—Report fo r y e a r ending Dec. 31,1901, was in V . 74, p.
984, showing’ gross, $3,376,433; net, $1,081,800: interest, taxes, e to .,
$174,104; dividends, $616,285; balance, surplus, $291,410. In 1900,
gross, $2,827,481.— (V. 72. p. 583; V. 74, p. 580, 9 8 4 ; V. 75, p. 669.)
N . Y . & Q . E le c . E i g h t & P o w e r C o .—See page 171.
N e w Y o r k S u b u r b a n G a s .—See V. 68, p. 474; V . 70, p. 844.
N e w Y o r k T e l e p h . —N i a g a r a F a l l s P o w e r C o .—Seep. 171.
N e w Y o r k dt T e x a s L a n d C o .—Seepage 171.
N . Y ; T r a n s p o r t a t i o n ; —See page 171.
N l l e s - B e m e n t - P o n d C o .—O r g a n iz a t io n .—I ncorporated in N ew
Jersey on Aug. 11,1899, as a consolidation o f the Niles T ool Works
C o ., eto. Does much of the h eavy machine trade o f the country.
V. 69, p. 388. In Jan., 1901, took o ver entire common stock ($1,525,000) o f the P ra tt & W hitney Co., guaranteeing 6 per cent on the
latter’ s $1,225,000 preferred stock (subject to call in 1911 at par) pro
vided that the guarantee earns that amount on its own stock. V. 71,
p. 139; V. 70, p. 1253; V. 72, p. 143.
Stock, common, $5,000,000; pref., 6 per cent cum. (subject to call
in 1911 at 105), $3,000,000, o f which $1,000,000 remains in treas
ury to acquire m in ority interest in N iles T o ol Works Co. Div. on
preferred paid N ov., 1899, to Au g., 1902, l k p. o. quarterly, (Q.-F.)
On common, Sept., 1901, I k p. c.; Dec., I k p. c.; 1901, 6 p. o. (Q.-M.);
1902, Mar., I k p .c . and 1 p. c. extra, paid M ay 15; Sept., 2 p. o.
Deo., 2 p. c. Statement fo r y e a r ending June 30,1901. in V. 74, p. 325,
showed: Net, $1,468,571; reserve fo r depreciation, $196,605; div. on
pref. (6 p. o.), $253,500; on common (7 p. c.), $350,000; balance, sur.,
$668,446. Pres., R. C. M cK inney; Treas., Chas. L. Cornell; Sec., E. M.
C. D avis, 136 L ib erty St., N. Y .— (V. 74, p. 3 2 5 , 330; V. 75, p. 293.)
N o r t h A m e r i c a n C o m p a n y .—Organization .—Organized in 1890
under law s o f N ew Jersey as successor to the Oregon < Trans-Conti
fe
nental Co. Is interested in street ra ilw a y and electric enterprises. In
1901 the stock was decreased from $40,000,000 to $12,000,000 byth e
issue o f one share fo r each 3 k shares. Y . 73, p. 30
A n n u a l R e p o r t .— Fiscal year ends M ay 31. R eport fo r year 1901-02
was in V. 74. p. 1306. Controls M ilw aukee E lectrio Ry. & L igh t Co.
(see S t r e e t R y . S u p p .); also the Cincinnati N ew p ort & Covington
L ig h t & Traction Co. V. 72. p. 922; V. 74, p. 584, 1306, Union Eleotrio Ligh t & Pow er Co. o f St. Louis. V. 74, p. 1256, 1306; Y. 75,
p. 345, 506, and the Cincinnati Gas & E lectric Co. V. 72. p. 938, 734,
724. On M ay 31. 1902, owned: Stocks, $8,186,896; bonds, $1,121,500;
and its balanoe sheet showed loans payable, $986,900; accounts
receivable, $78,953: cash, *1,761.803.
D i r e c t o r s .— Edw ard Q. Keasbey, John I. Beggs, C.W. Wetmore, 8. W.
Burt, Edw in M. B ulkley, Wm. Nelson Crom w ell, G. R. Sheldon, Ed
mund C. Converse. Henry C. Payne. R obert Bacon, Chas. Pfister, Chas.
A . Spofford. President. C. W. W etm o re; Vice-President, Charles A.
Spofford; Sec., Silas W. Burt; Treas., Geo. R. Sheldon, 30 Broad St.—
(V. 73, p. 3 0 , 394, 794; V. 74, p. 430, 1 3 0 6 .)
N o r t h e r n U n i o n G a s C o . ( N e w Y o r k C it y .)—V. 65, p. 621.
N o r t h w e s t e r n G a s E i g h t & C o k e C o .—Organization .— con
A
solidation in Sept., 1902, o f the N orthw estern Gas L igh t & Coke Co. of
Evanston. Cicero Gas Co. and Blue Island Gas Co. V. 75, p. 397,665.
Controlled by interests frien d ly to the People’ s Gas L igh t & Coke Co.
Stook authorized, $5,000,000. O f the Cicero Gas refunding and
general 5s o f 1902 (authorized issue, $5,000,000), which are guaran
teed, principal ai d interest, $500,000 are reserved to take up
6s, due Ju ly 1, 1922; $1,770,000 w ere issuable forthw ith and the
rem aining $2,730,000 only fo r im provem ents, additions or extensions.
D i r e c t o r s .— Nelson A . M cC leary (President), W. P. Martin (VicePresident), T M. Jackson (Treasurer), John R. Walsh, John A . Spoor,
G. M. Gunderson and A lfre d S. Trude. (V. 75, p. 397, 669.)
October ,
1902.]
MISCELLANEOUS STOCKS AND BONDS
103
B o n d s — Princi
IN T E R E S T O R D IV ID E N D S .
Date Size, or
pal,When Dae.
Am ount
of
Par
For explanation o f column headings, &o., see notes on
R ate per When Where P ayable, and by S t o c k s —Last
Bonds Value. Outstanding
first page o f tables.
Cent.
Payable
whom.
Dividend.
Pacific M a il Steamship—S to c k ..........................................
Pac. Pack d N av.—Deb. (V.74,p. 1143) g., s.f., red tex t...
Paterson <• Passaic Gas <■ Elec.—Cons. M., $5,000,000, g.
£
£
U nderlying bonds $1,044,000—See V. 71, p. 37.
Pennsylvania Canal—Oen. M., $5,000,000, int. gu ar...c*
Pennsylv. Steel Oo.—P i. stock, 7%, non-cum., $25,000,000
Old Penna. Steel 1st M., our G P ...................................r
M aryland Steel 1st m ortgage, c u r r e n c y .« P ................r
Penn. Steel Co., Consol, mort., $7,000,000, g o ld .G P c*
Collat. trust loan C ornw all propertie, s. f., red text. —
M aryl’ d Steel car tr. bonds, g , $60,000 due yrly, ca ll 105
People’s Gas L ig h t < Coke (C h ica g o )—Stock, $35,000,000
&
People’s Gas L ig h t & Coke 1st m ortgage, gold, $ & £ . .c
2d m ortgage..
......................................................... c
1st consol, mort. fo r $10,000,000 gold. C e .................. *c
Equitable Gas L igh t & Fu el 1st m ortgage C e ............ c*
Chicago Gas L igh t & Coke 1st m ortgage, g. ( F P ) ........c
Consumers’ Gas 1st m ort., gold. See V. 66, p. 472.Cec
Illinois L. H. & P o w e r 1st m o rtg a g e ............................. c
Lake Gas & L ig h t 1st m ortgage, g o ld ....................... I C
P. G. L. & C.—R efunding M., $40,000,000, g .F ...c *& r
Mutu al Fu el Gas 1st m ort., $5,000,000, gold, assumed.
H yde Pa rk Gas, 1st m ortgage, assum ed.Ce.................
Calumet Gas Co.1st m ortgage, assumed........................
Phila. E lectric—Stk., to he $7 50 per sh. pd. in (see tex t)
Phila. Elec. Trust Ctfs., gold, $17,500,000 (see t e x t )...
M
O
O
M ISC E LLA N E O U S .
1902
1899
1,000
$20,000,000 3 in 1899 J. & D. N. Y . M ercantile Trust. Dee. 1, ’99,1 is
TQ99
1.500.000
l s3.632.000
5 g. M. & 8. N .Y ., F irst N. Bk.& Pat. Mch. 1, 1949
1870
J. & J. Phila.,Broad St. 3tation
1,000
2,282,000
6
....
100 16,500,000 7 in 1902 M. & N.
Checks mailed.
M. & N. Philadelphia Office.
1887
5
1,000
1,000,000
1892
F. & A.
do
do
1,000
1,915,000
5
1895 500 &e.
3,482,000
6 g. M. & S. G irardL. I.,A.&Tr.,Phil.
1902
7,500,000
Philadelphia.
5 g. A. & O.
1902
1,000
5 g.
600,000
100 32,969,100 6 in 194)1 Q.—F.
N. YT., Central Tr. Co.
1874
500
2,100,000
6 g. M. & N. N. Y ., Cent. Tr. & Chic.
1874
500
2,500,000
6 g. J. & D. N. Y ., Cent. Tr. & Chic.
1893
1,000
4,900,000
6 g. A. & O. N. Y ., Central Trust Co.
1885
1,000
2,000,000
6 g. J. & J. N. Y ., Cent’l Tr. & Chic.
1887
1,000 10,000,000
do
do
5 g. J. & J.
1886
1,000
4,246,000
5 g. J. & D. N. Y ., Central T r.& C h .
1885
1,000
7
Chicago, Chic. Nat. Bk.
500,000
1885
1,000
300,000
6 g- J. & J. 111. Tr. & Sav. Bk., Chic.
1897
M. & 8.
1,000
N e w Y o rk .
2,500,000
5 g1897
1,000
5,000,000
5 g. M. & N. N. Y ., Cent. Tr. & Chic.
1884 500 &o
M. & 8. First N at. Bk., Chicago.
6
200,000
1,000
250,000
6 g. J. & J. Chicago Eq. Trust Co.
25 24,987,750
1899
Philadelphia.
14,982,200
4 g. J. & J.
—
N o r t h w e s t e r n T e l e g r a p h . —Owns 8,000 miles o f w ire and is
leased to W estern U nion fo r 99 years, which guarantees dividends
at 6 per cent on $2,500,000 stock (par $50) and interest on 1st mort.
7s, due Jan. 1,1904, interest J. & J.— (V. 72, p. 143, 630.)
O h io Sc I n d i a n a C o n s o l. N a t . Sc I l i u m . G a s .—See page 171.
O m a h a W a t e r C o .—S eep a ge 171.
O r e g o n I m p r o v e m e n t C o .—See P a c if ic C o a s t Co .
O t is E l e v a t o r C o .—Incorporated N ov. 28,1898, under the law s
of N ew Jersey and was to take o ver e v e ry standard elevator
manufacturing company in the U. S., about 13 in all, com prising
about 85 p. c. o f the business. See Y . 71, p. J 4j ; V. 74, p. 271; V. 75,
р. 552. Stock $6,500,000 common; outstanding, $6,350,300. Pre
ferred outstanding (see ta b le above), $4,499,800. Th e stockholders
voted on Sep. 8,1902, to increase the authorized p referred stock from
$4,500,000 to $6,500,000; o f the n ew stock $1,090,000 was offered to
stockholders pro rata at par fo r im provem ents and w orkin g capital,
the balance to rem ain fo r future purposes. Y . 75, p. 345, 552.
Dividends on pref., A pr. 15,1899, to Oet., 1902, both inclusive, l ^ p.
с. quar. (6% per annum). Gold notes, $1,250,000, due $150,000 Jan. 1,
in 1903 to 1905, $400,000 in 1906, and $200,000 in 1907 and 1908.
Report fo r year ending Dec. 31,1901, w ith balance sheet, in Y . 74, p.
628, showed net earnings o ver interest and renewals, $842,096; div. on
pref. (6 p. c.), $267,539; charged o ff fo r depreciation, $174,558; bal.,
surplus, added to w orkin g capital, $300,000. Office, 71 B roadw ay, N.
Y . - ( V . 74, p. 271, 6 2 8 ; V. 75,,p. 345, 552.)
P a c i f i c C o a s t C o m p a n y . —This com pany controls the Pacific
Coast Steamship Company (ow ning its en tire capital stock) and
operates five steamship lines running betw een San Francisco,
Portland, Victoria, Sitka, F o rt B ragg, San D iego, &c. A lso owns all the
securities o f the Columbia & P u get Sound R R. (now standard gauge),
Seattle to Franklin, etc., w ith sidings, 57 miles, and its N e w Castle
mine; the Paciflo Coast R a ilw a y (narrow gauge), P o rt H arford, Cal.,
to Los Olivos, 80 m ile s; the P o rt Townsend Southern R R .; P o rt T o w n
send to Quilcene, Wash., 28 miles, and Olym pia to Tenino, Wash., 15
m iles; operates the Franklin Coal Co. ow ning the Franklin mine, w ith
3,050 acres coal lands at Franklin and 2,083 acres at N e w Castle.
H is t o r y ,—Successor on Dee. 1,1897, to the O regon Im provem en t
Co., sold in foreclosu re and reorganised p, p l a n in V . 65, p. 412, 463.
D iv id e n d s — ]
1898.
1899.
1900 to Aug., 1902. N o v., ’02
Com., per c t.. i
2
2
1 Q -F (4% per an.)
1>4
1st pref,, p. c. f
5
1*4 Q -F (5% per an.)
4 i«
lh
2d pref., p. e.. J
4
1 Q -F (4% per an.)
3is
1 *4
A fte r 4 p. c. on 2nd preferred and common, these stocks share equally.
R e f o k t .—R ep. fo r year ending June 30, 1902, at len gth In Y . 75, p.
847, 862, showed gross o f steamships and colliers, $3,299,337; net
$449,743; rail lines, gross, $704,643; net, $363,440; coal department,
etc., gross, $1,070,228 ; net, $275,509. D etailed results w e r e :
Gross earnings............. $5,074,207 In terest on bonds............$222,300
Op,expenses and taxes. 3,985,515 ] D epreciation, e tc ............ 242,304
Div. on 1st pref. (5 % )....
76,250
Net earnings.............. $1,088,692 D iv. on 2d pref. (4% )...... 160,000
Interest and discount..
41,114 D iv. on common (4 % )—
280,000
Total n et incom e...... $1,129,806
Balance, surplus........... $148,951
For year 1900-01, gross, $5,137,546; net, $1,150,870.
O ff ic e r s , E t c .—chairm an o f the board, H en ry W. Cannon; P resi
dent, J. D. F a rre ll; Treas., John K ea n ; V. P. and Sec., H. H. Durand,
Executive Comm ittee: H en ry W. Cannon, E. H. H arrim an, D aniel 8.
Lament, T. Jefferson Coolidge, Jr., and G rant B. Schley. N. Y . office
10 Wall s t —(V 73, p 447, 002, 9.53, 9 6 3 ; V. 75, p.796, 8 4 7 , 8 6 2 .)
P a c i f i c J l a i l St c a m nh i p . —In N ov., 1900, the Southern Pacifio
Co. acquired $10,005,000 of t i e stock. V. 71, p. 1 015. In June, 1902,
made three y e a r agree m eat w its Panam a R R . V. 74, p. 1255.
D iv id e n d s .—N o dividends from 1887 until Deo., 1896, when 1 p. c,
fT W paid; in ’ 97,2pm .; I n ’ 98,2$»p, c.; In ’ 99,June, U sp.o. D eo .,lV p .c.,
none since, surplus being Invested In new vessels, etc. V. 70, p. 331.
R e p o r t .— R eport for 1901-02 In V. 75, p. 133. On A p ril 30, 1902,
current, ]labilities were $152,050; due Southern Pacific for advancos,
W 34,801; current assets, $732,040.
Tear e n d i n g A p r . 30.
1902.
1901.
1900.
1899.
Htea® ah ips................ $1,883,413 $2,868,960 $3,509,840 $3,959,013
HrtbelrtU h...................
8,640
13,878
12,282
15,707
ulseeUanflous.............................. 137,293
188,319
195,498
165,994
Total earnings— $2,029,346 $3,071,160 $3,817,620
4,1 40,71 3
Net earnings............. $307,935
$167,821
$330,189
1,116,336
Dividends (3 p. c.) In 1399-00, $000,000; b a t, sur., $230,189
K. H Hari tioan, President; Jos. JJelion, See. and Treas., 120 Brrmd**7, N. V - IV. 73, p 2 3 5 , 845; V. 74, p. 1255; V. 75, p. J 33, 138.)
P a c ific |»n ( l«ln j£ dc N a v i g a t i o n <!o.—Hoe page 172.
P a t e r s o n Sc P a s s a ic U qh 4c i:ic < t r i e <!o.—See page 172.
P e n n s y l v a n i a »!<•<■, V e il le i e . —Hee page 172.
P e n n s y l v a n i a J ffg , f,lig h t 4c P o w e r . —Bee PHILADELPHIA ELKO.
I VI. n ii, S te e l C o .-C h a rtered in N ew Jersey on Apr. 29,
-oo, o L r l ? f'r.
of rocapHallaafton, V, 72. p. 40, 01, ,Un.o4
Ir is •fnr»W ,000 Stoolt f>r Penn, com pany o f same name and outlrn
na t ano i,ry ftnrl
(Jo- Thus controls 555 sere* at Htool ton, P a ,
Hpfirrowa Point, near Baltim ore. Md., with steel
" j
I
mm% fu rn a c e , having annual oapaoity of 750,000
tw.°
plants, capacity 300,000 tons, arid one
» n oearrh plant, capacity 2..0,000 tons or in go ts; tw o rail mills,
July 1, 1910
N ov. 1, ’02, 3*3
N ov. 1, 1917
Feb. 1, 1922
Sept. 1. 1925
Oet. 1, 1932
July 1. ’ 03-’ 12
A u g.25,’02,l 1
^
N ov. 1, 1904
Deo. 1, 1904
Apr. 1, 1943
Ju ly 1, 1905
Ju ly 1, 1937
Deo. 1, 1936
N ov. 1, 1915
Ju ly 1, 1915
Sept. 1, 1947
N ov. 1, 1947
Sept. 1, 1904
Ju ly 1, 1917
Ju n el6’ 02,15o
Oct., 1949
oapaoity 640,000 tons, a shipbuilding and a bridge-building plant, a
com plete fr o g and switch building plant, etc., etc.
Owns the entire $2,400,000 stock o f the Spanish-American Iron Co.,
shipping from 400,000 to 500,000 tons o f ore annually, and owning
about 5.000 acres o f land in the Provin ce o f Santiago, Cuba; also a
h a lf interest in the Juragua Iron Co., Lim ., Santiago, Cuba (V. 62, p.
776; V. 71, p. 393), a n d $347,900 each o f common and preferred stock
o f the Cuban Steel Ore Co. (V. 72, p. 579; V. 75, p, 551.) and the
entire capital stock o f the Baltim ore & Sparrows Point RR.
In 1901-02, purchased a 4o96 interest in the C ornw all Ore Banks Co.,
Lebanon Co., Pa., the Lebanon Furnaces, Lebanon, Pa., a n d $540,000 o f
the $800,000 stock o f the C orn w all & Lebanon RR., and issued $7,500,000 30-year 5 per cent collateral tru st bonds o f the Penn, steel Co.
(o f Penn.). O f the oollat. tru st 5s o f 1902, n ot less than $100,000
nor m ore than $500,000 m ay be called, at 105, at any in terest period;
in addition a sinking fund o f 50 cents per ton o f ore mined is to be
sim ilarly applied; i f the sink, fund is not sufficient to redeem
$150,000 par value, the com pany must furnish the deficiency. V. 75,
p. 345, 397; Y . 72, p. 1241, 1283; V. 73, p. 1364; V. 74. p. 1312.
Official statem ent showing securities o f controlled companies owned,
their properties, balanoe sheet o f Oct. 25,1901, etc., see Y. 73, p 1355.
In J u ly, 1902, the M aryland Steel Co. issued $600,000 oar trust bonds.
V. 74, p. 1312.
In June, 1901, control was acquired b y the Pen n sylvan ia R R. and
affiliated roads b y purchase o f $10,000,000 each o f common and pre
ferred stock. V . 72, p. 678.
Stock .—Common stock authorized, $25,000,000; outstanding, $10,750,000 (par $100). Preferred, see table above. V. 72, p. 1241.
Dividends .—D ividends on p referred stock since recapitalization, 3*3
per cent, paid N ov. 1, 1901; m 1902, 7 p. c. (paid M. & N .).
B onds.—Consolidated jo in t mortgage covers the plants at Steelton, Pa.
and Sparrow P oint, Md., a ll o f the $1,000,000 stock o f the M aryland
Steel Co. and $697,500 o f the $1,500,000 capital stock o f the Juragua
Iron Co.; $3,000,000 are reserved to retire the p rior liens. Car trust
notes Dec. 31, 1900, $250,000. V. 72, p. 579.
R e p o e t fo r year to Deo. 31,1901, in V . 74, p. 881, showed: E a rn
ings o f operating companies o ver charges and depreciation, $2,161,506, against $1,271,059 in 1900; dividends (paid to Penn. Co), $1,150,750; bal., $1,010,756; tota l receipts o f Penn. Co., $1,215,062; bab
o ver expenses ($30,581) and 7 per cent div. on pref. (including 313%
paid M ay, 1902), $31,525; combined surplus o f operating and holding
companies, $1,042,282. D irectors, Oct. 1901, V. 73, p. 1355.—(V. 74,
p. 534, 833, 8 8 1 , 1255,1312; V. 75, p. 345, 397, 552.)
P e o p l e ’ s G a s T i g h t Sc C o k e ( C h i c a g o ) . —A n absolute consoli
dation on A ug. 2,1897, o f the companies form in g the old Chicago G a «
Trust.—V. 64, p, 1088; V. 65, p. 235. M utual Fu el was purchased in
N ovem ber, 1897, and ea rly in 1898 consolidated, as was also the H yd e
P a rk Co., w ith the P eo p le’ s Gas-Light & Coke Co. The U niversal Gas
Co. (stock, $1,500,000) is controlled in the com pany’s interest.—Y .
67, p. 179; V . 68, p. 474. On N o v. 1,1900, made a contract to pur
chase the property o f the Ogden Gas Co. fo r $7,000,000, at the e x
piration o f the la tter’ s franchise on Mar. 4, 1945. - V. 72, p. 91. 244.
630, 779; V . 74, p. 99,155. A s to Indiana Oil & Gas Co., see V 67, p.
690; V. 68, p. 825, 1182; V , 71, p, 33,1123. A s to N orthw estern Gas
L ig h t & Coke Co., see that co. above and V . 74, p. 1041, 1265; V. 75,
p. 397.
P r o p e r t y .—I n service January, 1902: S treet mains, 1,796 m iles;
meters, 323,089; public lamps, 24,911, See V. 66, p. 382.
In June, 1901, a settlem ent was reached w ith this city on the basis
o f the latter re ceivin g on acoount o f its percentage o f the gross re
ceipts (viz., 3*2 p. o. from illum inating and 5 p. o. from fu el gas) free
gas fo r 25,000 street lamps (tills service to be valued at $350,000) and
for these lamps Welabach burners (valued at $25,000), these to be
maintained by the oity; any surplus in the percentage above $375,000 to bo paid in cash. The contraot forbids the c ity to att ack the com
pany’ s franchise, but reserves to it the righ t to continue the Ogden
gas and 75-oent-gae suits. See V. 72, p. 1283, 1087; V. 74, p. 155; V.
75, p. 246, 669. In Aug., 1901, suit was brought b y the State to test
the constitutionality o f the Consolidation |Aot o f 1897. V. 73, p. 349.
St o c k .—I n Sept., 1901, stockholders subscribed to $4,300,300 stook,
raising the amount outstanding to $32,909,100. V. 73, p. 496.
D ivh .— ) ’ 89. ’ 90. ’91 ’ 92.
’93. ’94. '95. ’96. ’97 to A u g.,’02
P e r c e n t .) 4
3
3 6b t 'a d 'm ) 6
2 La 1*0 O y'rlyU ‘aQ-F)
B onds , ETC.—O f the $40,000,000 Issue o f 1897 $26,540,000 bonds
were reserved to retire prior bonds. The balance m ay be Issued fo r
additional property, im provem ents or betterments. V. 05, p. 572.
R.EPOBT-Report fo r y ea r ending Dec. 31,1001, in V. 73, p. 376.
YEARS ENDING DEO. 83.
1901
1900,
1899,
Manufactured gas sold,
cubic fe e t............................................. 7,425,970,003 6,879,410,985
Gross incom e.......... .......
$9,063,470
$9,090,837
$8,000,320
N o t o ver ojicr. o x p .........
$4,871,305
$4,042,550
$4,283,282
Interest, on bonds..........
1,857,800
1,857,800
1,857,300
D epreciation..................
011,880
584,175
104,409
Balance for stook ... $2,403,HI!)
$2,201,075
$1,901,573
Dividends, ft p. 0 ..........
$1,784,038
$1,720,128
$1,720,128
O f f ic e r s , - Chairman o f Board,
K, G. Billings; I’resident. Geo. O.
Knapp; V.-l*., A. N. Brody, 2d V. i'., Walton Ferguson; 3d V. (*.. O .K .,
W ooster; Treas., W, H. McOroa; Hoc., b. A. W iley. Office. 64 Wall Ht.
N. Y. (V. 74, p, 00, 155, 3 7 6 , 77 m, 1041, 1255; V. 75, p. 240, 000.)
( H i f l n d o li t l i i n C o m p a n y . —Boo Pittsburg, In St r e e t B y . B or
I ’ h lln d e lp la in RSJoctrlc € 0 .—Hoe page 172.
IH I Ia h t ir y - W a s h b u r n F l o u r ( H ills C o . — (V. 74. p. 99.)
164
INVESTORS' SUPPLEMENT.
[V ol . LX X V .
Bands—Prinoi *
M ISC E LLA N E O U S .
IN T E R E S T OR D IV ID E N D S .
Date Size, or
pal,When Due,
Am ount
Par
of
F o r explanation o f column headings, &o., see notes on
R ate per When Where Payable, and by Stocks—Last
Bonds Value. Outstanding
Cent. Payable
first page o f tables.
Whom.
Dividend.
P hil. IS t e c . — C o n . —Edis’ nEleo.Tr.Ctfs., g. (Ed. stk. as coll.)
Old Phila. Elec. Tr. Ctfs. (Penn. H. L. & P. stock as col.)
P i t t s b u r g C o a l — Common stock, $32,000,000 .................
P referred stock, 7 per cent, cumulative, $32,000,000..
N ew M., gold, payable about $1,000,000 y e a r ly ...........
P r e s s e d S t e e l O a r Co.—Stock, common, $12,500,000........
Pref. stock (as to assets), 7 p.c., non-cum., $12,500,000
M cK ee’ s Kooks purchase m oney m o rtg ag e................ .
1st M., gold notes, red., due $500,000 y ’rly, F e b .M o .o *
P r o c t e r <2 G a m b le . — Common stock, $6,000,000...............
Pref. stock (8 p.o., cum.). See terms in ed. M ay,’93,Su p .
P u l l m a n C o m p a n y — Stock, $74,000,000...........................
Q u i c k s i l v e r M i n i n g — Preferred stock,7 p. c., not cum ......
R a i l w a y S t e e l S p r i n g C o .~ Common, $13.500,000............
Preferred, 7 per cent, cum., $13,500,000.......................
R e p u b l i c I r o n <2 S t e e l — Common stock, $30,000,000........
Preferred, 7 per cent, cumulative, $25,000,000............
R o y a l B a k i n g P o w d e r — Common stock, $10,000,000......
Preferred stock, $10,000,000, 6 per cent, cu m u lative..
R u b b e r G o o d s M a n u f a c t u r i n g — Com stock, $25,000,000.
P ref. stock, 7 p. c. cum., $25,000,000 (bonds, see tex t).
S t . L o u i s T e r . O u p . S t a . c 2 P . — ls tM .g .,re d .l0 2 a ft.’0 2 .L n o*
S i n g e r i S e w i v g M a c h i n e ) M a n u f a c ' g — H to O k , $30,000,000
S l o s s - S h e f f i e l d S t e e l <2 Iro n -C o m m o n stock. $10,000,000.
Preferred stock, 7 per cent, non-cum., $10,000,000___
Sloss Iron & Steel Co. 1st m ortgage, g o ld .C o ...............
General m ortgage, gold, subject to call a t p a r.C o ..-
1896 $100&c,
1.000
1898
100
100
1902 25,0 0
100
100
1901
1897
1887
1899
$1,994,300
5 g.
11.266.700
5 g.
30.030.700
29,701,200 7 in 1902
6,000,000
5 g.
12.500.000 4 in 1901
7
12.500.000
235,000
4
4.500.000
5 g.
100
5.250.000 12 i n ’01
100
2.250.000 8 in 1902
100 74.000. 000 8 in 1902
100
4,291,300
100 13.500.000
100 13.500.000 See text.
100 27.191.000
100 20,356,900 7 in 1902
100 10.000. 000
100 10,000,000
6
100 16.941.700 See text.
100
8,051,400 7 in 1902
3.000. 000 4 ^ g.
500 &o.
30,000,000 7 in 1901
7.500.000
100
6.700.000 7 in 1902
2.000. 000
6 g.
2,000,000
4 ^g.
i'ooo
’Too
P it t s b u r g : C o a l C o .—See page 172.
P l a n t e r s ’ C o m p r e s s C o .—See page 172.
P . IiO r illa r d . C o m p a n y . —V. 70, p. 331, 1052; V. 73, p. 1267.
P o c a l i o n i a s C o a l Sc C o k e . —See N o rfolk & W estern R y. and V.
73, p. 1014, 1211; V. 74, p 52, 1 1 9 4 ; V . 75, p. 552.
P o s t a l T e l e g r a p h C a b l e . —See Commercial Cable Co.
P r e s s e d S te e l Car Co.—Organization .—In corporated in N ew
Jersey on Jan. 13, 1899, as a consolidation o f the F o x Pressed Steel,
Equipm ent Co. o f Joliet, 111., and Pittsbu rg, Pa., and Schoen Pressed
Steel Co. o f Pittsburg. Prospectus in V. 68, p. 188,131. See V. 71,
p.J4J- Capacity o f the works about 120 cars a day o f largest size;
average daily output Oct., 1902, llO c a rs . V. 69, p. 745; V. 70,p. 1000.
Competition, V. 73, p. 1316; V. 74, p. 580. Leases plant o f W estern
Steel Car & Foundry, H egewisch, 111., having capacity o f 50 wooden
cars daily. V . 74, p. 991, 835, 729.
B onds.—The first m ortgage gold bonds are subject to call at p a r and
interest on any interest day. V. 72, p. 343; V. 74, p. 203. There are
also $75,000 purchase m oney bonds on A llegh a n y land purchased
June, 1902. int. at 4 p. c. being payable J. & D. and principal at any
tim e in sums o f $10,000.
Dividends .—On pref.: to Jan., 1900,184 p. c. paid quar. (7% p er an.)
D iv. period changed to Q.-F.; M ay, 1900, to Aug., 1902,1% p. c. quar
terly. On common, 1900, 6 p. c.; in 1901, 4 p. c. (Q.-F.); in ’02, F eb.,1
p. c.; M ay, 1 p. 0.: Aug., 1. c.
L atest Earnings .—F o r 6 months ending June 30,1902, net, $1,959,211, against $1,081,699 in 1901; int. and depreo’n, $250,404; div. on
pref., (3^ p .c .), $437,500; div. on common (2 p. c.), $250,000; bal.,
sur., $1,021,307. V. 75, p.189.
R eport .—R ep ort fo r year ending Dec. 31,1901, w ith bal. sheet, was
in V. 74, p. 203, showing: N e t earnings, $1,927,925; depreciation,
$143,635; div. on p ref (7 p . o ) , $875,000; div. on common (4 p. c.),
$500,000; balance, surplus, $409,290. tn 1900 net earns., $2,075,181.
President, F. N. Hoffstot. N. Y . Office, 71 Broadw ay. N e w directors,
Jan., 1902, V. 74, p. 215.—(V. 74, p 991,1255; V . 75, p. 189.)
F r o c t e r Sc G - t m b le C o .—Form ed in 1890 under law s o f N ew
Jersey to carry on soap, candle, oils and glycerin e business. In
1900-1 stock was increased and bonds paid off. V.71, p. 713, 817, 915.
The stockholders voted M ay 28, 1902, to increase the common stock
from $4,500,000 to $6,000,000, one-half o f the n ew stock being sub
scribed fo r b y the common stockholders pro rata at $150 per share,
raising the amount outstanding to $5,250,000. V . 74, p. 991,1200.
Dividends ... ) 1891. 1892 to 1897 incl. ’ 98. ’99. ’ 00. ’01.
1902.
On c o m m o n ...)
8
12 per cent.
20 20 20 12 In cl.A u g., 9
On pf. in fu ll to Oct., ’02, incl. Office, Cincinnati. (V. 74, p. 1143,1200.)
( T l i e ) P u l l m a n C o .—On Jan. 1,1900, the W agner Palace Oar Co.
sold its assets to The Pullm an Company, representatives o f the V a n
derbilts entering the board o f directors o f the la tte r company, the
capital stock bein g increased from $54,000,000 to $74,000,000, to
retire the W agner Company’ s $20,000,000 stock. See V. 69, p. 854;
V. 70, p. 40. Orders in 1901, V. 74, p. 215.
Cash Dividends . - ) 1877-80. ’ 81-83. ’ 84-98. ’ 99.1900.1901. 1902.
Since 1877—P. ct. S 8 yrly . 9 ^ y ’ ly. 8 yrly . 6*3
8
8
8
In 1898 paid an ex tra cash dividend o f 20 per cent and stock d iv i
dend o f 50 per cent ($18,000,000), in order to distribute surplus assets.
V. 67, p. 75, 789, 840, 902.
R eport .—R ep ort fo r 1900-01 was in V . 73, p. 898, including W a g
ner Company since Jan. 1,1900.
Tears ending J u ly 31.
1902.
1901.
1900.
M S . gp S , T c 8: : : : : : . ^ 20’527’903
$17,996,782
$15,022,853
T otal revenue............... $20,597,903
Operating expenses........... $9,317,584
Depreciation on cars. e tc..
1,908,903
Paid oi h. sleeping car ass’ ns
435,742
Dividends on capital stook. 5,919,924
$17,996,782
$7,378,199
1,485,602
346,760
5,919,886
$15,022,858
$6,112,655
1,699,183
587,544
5,519,720
N et surplus fo r year........... $3,015,750
$2,866,335
$1,103,756
Pres.. R obert T. Lincoln, Ohio. N. Y ., 15 Broad St.—(V.75, p. 851.)
Q u i c k s i l v e r M i n i n g . —See Su p p . o f Oot., 1897; V. 72, p. 1241.
Q u in c y M i n i n g . —V. 71, p. 185; V. 72, p. 187. 390; V. 74, p. 3 76 .
R a i l w a y steel S p r i n g C o .—Organization .—Incorporated in
N ew Jersey on Feb. 25, 1902, as a consolidation o f the A. French
Spring W orks, Pittsburg. Pa.; Charles Scott Spiring Works, P h ila d el
phia, Pa.; D etroit Steel & Spiring Works, etc. V. 74, pi. 382, 482. Official
statement, V. 74, pi. 984. In June, 1902, purchased the Steel-Tired
W heel Co Issuing $3,500,0f 0 each o f common and pieferred stock
therefor. V. 66, p. 185; V. 72, p. 444; V. 74, p. 1041,1200; V. 75, p
80. T otal capacity o f all plants acquired, 135,750 tons annually. Dividends on pref erred. 1 % p. o , paid June, 1902; in Sepit., 1 % p. c. N o
bonds. A ggregate net earnings in 1901 o f properties consolidated
1,762,081; in 1900, $1,556,967. Chairman o f board, deceased;
resident, J. E. French; Sec., M. B. Parker; Treas., James C. Btach,
Asst. Treasurer, Frank Carnahan. Directors, V. 74, p. 1200 V 74 n
9 8 4 , 1041,1200; V. 75, p. 80,
’
R a p i d T r a n s i t F e r r y . —S e e Su p ., Oot., 1897; V. 68, p. 1134.
R e p u b l i c I r o n Sc S te e l C o .—Organization .-In c o rp o ra te d in
N ew Jersey on M ay 3, 1899. to consolidate 29 plants m aking bar and
fo rg e iron, being practically all the plants in theCentral and Southern
States w est and south o f Pittsburg. V. 68, p. 872. A lso owns 7 blast
furnaces, m ining properties in the Mesaba range, in the Lake Supe
rio r region, extensive iron and coal lands including those b elon gin g
f
Philadelphia.
A ft. A p r.,1946
A. & 0. LandTit.& Tr.Co.,Phila. Apr. 1, 1948
Oot. 25,’02,1%
Feb., ’03-’08
Aug. 27, ’ 02, 1
Aug.20,’02,1%
1909
T o 1911.
F. & A.
Q .-F./y Cincinnati,O.,Co. Office. Aug.15,’02,3%
Oct. 15,’02,2%
Q.—J./j
do
do
Q .- F . N. Y., Farm. L. & T r. Co. Nov.15,’02,2%
N. Y ., Of., 20 Nassau St. May 9, ’ 02,%!%
Checks mailed.
c t-F .
Pittsburg, Pa.
See tex t 5 Tradesm en’ s B u ild -)
See te x t 1 ing, Pittsburg, Pa. 5
Q.-M.
Q.
J.
A tlan tic Trust Co.
Sep. 20,’02,1%
General Office, Chicago. Oct. 1 , ’02,1%
Checks mailed.
Q .-J .
Q.—J.15
Checks mailed,
Q .-M .15
do
do
J. & D. N ew Y o rk and London.
Q -M .
Sep. 30,’0 2 ,1%!
July 15,’01,1%
Sep. 16,’02,1%
June 1, 1917
June30,’02,l%
Q .- J . N. Y . Guaranty Tr. Co. Oct. 1, ’02, 1%
F. & A. N. Y ., Central Trust Co. Feb. 1, IP 20
A pr. 1, 1918
do
do
A . & O.
to P ioneer M ining & M fg. Co. o f Birmingham, Ala., and the coke plant
o f the Connellsville Coke Co. (See V. 71, p. S4S-) F o r list o f properties
merged see prospectus, V. 68, p. 674; V. 68, p. 1227; V. 69, p. 339,
850,1151; statement, V. 70, p. 228; report, V. 71, p 454.
Stock .—
Com m on,$30,000,000; pref. (as to assets and dividends), 7
per cent cum., $25,000,000; o f which $2,809,000 common and $4,693,100 preferred, reserved to purchase additional properties. Annual
capacity o f finished m aterial o ver 1,000,000 tons. V. 71, p. 453.
Dividends .—On pref., Ju ly 1 ,’ 99, to O ct.,’ 0 2 ,7 p.o. yearly (1%Q.-J.)
R eport fo r year ending June 30, 1902. in V. 75, p. 288,
showed: N et profits, $3,260,077; im provem ents, renewals, etc., $1,011,245; div. on pref. (7 per cen t', $1,424,107; bal., sur., $824,725.
August Belm ont is a director.
Officers .—President, A lex is W . Thompson; Secretary, Y . B. Haags
ma; Treasurer, John F. Taylor. Main office, Stock Exchange Bldg.,
Chic. Directors, Sept., 1902, V. 73, p. 555, 1268; V. 75, p. 613; (V.
75, p. 2 8 8 , 613.)
R h o d e I s l a n d P e r k i n s H o r s e s h o e . —See page 172.
R o y a l R a k i n g P o w d e r C o ,—Organization .—Incorporated in
Feb., 1899, under the law s o f N e w Jersey, and m erged Cleveland Bak.
ing P ow d er Co., R o y a l Baking P ow d er Co., N ew Y o ik T a rta r Co.,
Tartar Chemical Co. and P rice Baking P ow der Co. See V. 71, p .54J.
Dividends .—On pref., to Sept., 1902, incl. 6 p. c. per an.— l ^ quar.
D ividends on the common stock at the rate o f 8 p e rc e n t yearly, it is
understood, h ave been paid.
Pres., Chas. O. Gates; Vice-P., A. H. Porter, Jr.; Treas., John Morris;
Sec., W . L. Garey. Office, 100 W illia m St., N e w Y o rk .—(V. 72, p. 679.)
R u b b e r G o o d s M a n u f a c t u r i n g C o .—Organization .—In co r
porated in N e w Jersey on Jan. 26,1899, and acquired 99% per cent o f
the stock o f the Mechanical Rubber Co., 75 per cent o f the stock o f
Morgan & W right, Chieago, 111.; the entire capital stocks o f the Peer
less Rubber M fg. Co. o f N. Y . and o f the India Rubber Co. o f A kron, O.,
and the entire stocks o f Saw yer B eltin g Co., H a rtford Rubber Works
Co., Indianapolis Rubber Co. and Peoria Rubber & M fg. Co. V. 68, p.
189. See official statem ent in V. 68, p. 872. V. 68, p. 774; V. 71, p. S4SIn Feb., 1900, acquired capital stock o f Am . Dunlop T ire Co.
Stock , E tc .- Stook authorized, common, $25,000,000; pref., 7 p. 0.
cum., $25,000,000; par $100. Outstanding, common, $16,941,700;
pref., $8,051,400. D ividends on pref., June, 1899, to Sept., 1902,
7 p. c. per an. (1%% Q.-M.) On common, July, 1900, to July, 1901,1
p. c. quar. The bonded debt o f companies controlled consists of:
$845,500 Mechanical Rubber Co. 1st sinking fund gold 6s, due Ja n. 1,1918;
$803,125 N V. Belting & Packing 1st mort. sink, fund deb. 6s, due Ja n. 1, 1918,
subject to call at 110, and $19,000 Am er. Dunlop T ire 5s, due 1903.
The authority to issue $5,000,000 bonds on pledge o f the company’s
securities would, it was expected in Ju ly, 1902, not be availed of.
R eport .—R ep ort fo r yea r ending Deo. 31,1901, in V. 74. p. 774,
showed: N et income, $1,276,863; dividends on preferred (7 p. 0.),
$563,598; div. on common (2 p. o.), $338,834; bal.. sur., $374,431.
Officers .—A lden S. Swan, Pres.; Eugene Underhill, Vioe-Pres.;
James B. Ta ylor, Treas.; W. A. Towner, Sec. Gen. office. N ew Bruns
w ick, N. J. Directors, A p ril, 1902, V. 74, p. 778.—(V. 74, p. 1200.)
S afety Car H e a t i n g Sc L ig h t in g . —Organization .—incorpor
ated in 1887 in N ew Jersey. Manufactures “ Pintsch” ligh t appara
tus. which Aug. 1,1902, was in use on 19,138 oars in the U nited States,
including 3,060 Pullm an cars. Stock authorized, a ll common, $5,000,000 ($100 shares); outstanding, $4,849,600.
Dividends: 1889 to
1892, 4 p. 0. yearly; ’93 to ’97, 6 p. c.; ’ 98 and ’ 99, 8 p.c.; 1900 to Oct,,
1902, inclusive, 8 p. 0. ye a rly (2 p. c. qu arterly); also in Oot.. 1901. 3
p. 0. extra div. in cash and on Sept 2, 1901, 10 p. c. in stock; in Oct,
1902,1 p. o. extra. V. 73, p.394. No bonds. Statem ent fo r year end
ing Mar. 31,1902, showed combined net earnings o f 8afety and Pintsch
companies, $744,122; dividends on Safety Co. stook i l l per cent),
$507,762; dividends on Pintsoh Co. preferred stook (6 p. c.), $18,000; bal., sur., $218,360. Pres , R obert Andrews. Directors include:
A . P. H epburn, Thomas C. P la tt, Edw ard Lauterbach and Robert
Andrews, o f East Orange; S. R. Callaw ay, R. M. D ixon and Randolph
Parm ly. M ain Office, 160 B ’ way, N .Y .— (V. 74, p. 1 0 il, 1087.)
S t. L o u i s T e r m . , C u p p le s S t a t i o n Sc P r o p . C o .—See page 172.
S i l v e r R u l l l o n C e r t i f i c a t e s . —See page 172.
S i n g e r ( S e w i n g M a c h i n e ) M f g . C o .— Organization .—Incor
porated in 1873 in New Jersey under special act. Plants are located at
Elizabeth, N. J., and K ilb o w ie.n ea r Glasgow. Stock, $30,000,000, liav
ing been increased in Deo., 1900, by 200 per cent stock dividend,
| capitalizing surplus. V 71, p. 1224, 1273. Cash dividends, as re.
1 orted, were: I11 1898, 30 p. c.; in 1899, 100 p. c.; in 1900, 20 p. 0
i livideuds on stock as increased 1901 to June, 1902, incl., 7 p. 0. yearly
(paid Q.-M.) Office, 149 Broadway, New Y o rk .—(V. 72, p. 483.)
I
S lo s s - S lt e flie ld S te e l Sc I r o n C o .—O r g a n i z a t i o n .—Incorpor
I ated in New Jersey and in N ov., 1899, acquired several prop
erties or stock representing the same. See prospectus, V. 69. p 288;
V. 70, p. 1099; V 71, p. 185,^jr; V. 72, p 779. Stock, $2,500.000com
mon and $3,300,000 pref. was reserved fo r a steel plant and future
requirements. See application to list, V. 70, p. 1200, showing proper
i ties, rights o f preferred shares, balance sheet, etc.; also V. 72. p. 774.
In sept., 1902, a large interest in the stock was acquired by a Toronto
syndicate headed by A E. A m ef & Co. V. 75, p. 552.
1 D ividends on preferred, A p ril, 1900, to Oct. 1902, 7 p. c. yearly
i (Q.-J.l Earnings for 9 months ending Aug. 31, 1902 (partly esti
mated), net. $829,209; bond int. and taxes, $180,000; div. on pref.,
I $342,000; bal.. sur., $307,209. R eport fo r year ending Nov. 30, 1901,
given at length in V. 74, p. 627, 633, showed, net, $696,119; Int. on
bonds and taxes, $233,489; div. on pref., 7 p. o., $469,000; def. for
g
October ,
1902 |
MISCELLANEOUS STOCKS AND BONDS
165
Bond*—P rin ci
M ISC E LLA N E O U S .
IN T E R E S T O R D IV ID E N D S .
D ate Size, or
pal,When Due.
Am ount
of
Par
R ate per When Where payable and by Stocks—Last
For explanation o f column headings, &o., see notes on
Outstanding
Whom.
Bonds Value.
Cent. Payable
Dividend.
first page o f tables.
Standard M ill'g —Stock ($6,900,000 is pref. 5% non-cum.)
First m ortgage, gold, $6,250,000,111 p .........................o*
U nderlying m ortgages undisturbed...............................
Standard Oil— Stock, $100,000,000...................................
Stand. Hope < Twine—1st M., g., s. f., to ca ll at 105.M a.o*
£
ConsoL M.,non-cum .,incomes, g., to call a t p a r...C e .c *
Swift < C o — Stock, $25,000,000........................................
£
1st M., $5,000,000, gold, call after July, 1910.. A C —
Temple Ir o n —Stock, $5,000,000, guar. See t e x t ............
Mort. & coll. tr. bonds, $15,000,000, g., gu., s.f., tex t. G-.c*
Tenn. <Joal I. < RR. Co.—Stock ($238,000is 8%cum. pref.)
£
P ra tt Coal & Iro n Co., A la., 1st M.,s. f., not d raw n ....e4
Birm’ gh’m, A la., D iv.,c o n .M .,g., s. f. 1% ,not d’rn.Oe.c*
Tennessee D iv. bds, g., s.f. l ^ % yearly, not dr’ n Ce. c”
De Bard. M., g., ass., s. f., $30,000y ’ly , n ot dr’n .F . e4
Tenn. Coal D on & R R. gen.M .,g.,$15,000,OO0.TJn.-.c4
Ala. Steel & Shipbuilding, pref. 6 p. c. cum., g u a r........
1st m ortgage, guaranteed, g o ld .J I a ............................
Cahaba 1st M., $1,100,000g.,gu ., s. f., red. at llO .C e .e *
Union Bag < Pape)— Stock, common, $16,000,000 ........
&
Pref. stock (as to as. and div.),7 p. c., cum., $11,000,000.
Union Ferry—Stock.............................................................
1st M., gold, red. at 110 a fter N ov. 1 ,1 8 9 5 ....................
Union Typewrite)— Common stock.....................................
1st 7 per cent preferred stock, cum ulative.....................
2d p referred stock, 8 per cent, cu m u lative....................
United Copper—Stock, is 6% cum, p re f..............................
1900
1896
1896
1900
1899
1883
1887
1887
1890
1901
1898
1892
1890
___abt .$11500000
$1,000
' 3,447,000
2,213,000
100 97,500,000
1,000
2,740,000
1,000
6,805,330
100 25,000,000
5,000,000
100
2,500,000
1,000
2,866,000
100 22,801,600
1,000
27,000
1,000
3,399,000
1,000
1,251,000
500 &o.
2.741,500
1,000
3,000,000
........
440,000
1,000
1,100,000
1,000
930,000
100 16,000,000
100 niooo.ooo
100
3,000,000
100 &c.
2,200,000
100 10,000,000
100
4;ooo;ooo
100
4,015,000
100
5,000,000
year, $6,369. T o ta l surplus Aug. 31,1902, $848,634. President, J. C.
Maben; Sec. and Treas., J. H . McQueen, Birm ingham , A la .—(V. 74, p.
583, 6 2 7 , 6 3 3 , 732, 888, 1255; V. 75, p. 552)
S o u t h e r n Sc A t la n t i c T e l e g r a p h . —Leased to W estern Union
(which owns $390,475 o f stock) and stock guaranteed b y rental 5 p. c.
S o u t h e r n N e w E n g . T e l e p h o n e . — (V. 74, p. 156, 271, 476.
S o u t h Y u b a W a t e r C o .—See page 172.
S t a n d a r d J l i l l i n g C o .—See p age 172.
S t a n d a r d O i l.—Or g a n iz a t io n .—T his N e w Jersey corporation suc
ceeded in June, 1899, to the Standard Oil properties, held b y liqu idat
ing trustees.
See Su p p l e m e n t fo r A p ril, 1899, and V. 68,
p. 1227; V. 69, p. 28. Controls petroleum o il refineries in all the prin
cipal Northern cities o f the U nited States, and produces about 65 per
cent o f the country’ s tota l output o f refined o i l ; also controls oil w ells
in Pennsylvania, Ohio and W est V irgin ia , and has pipe lines fo r tran s
m itting its oil to tidew ater. V . 66, p. 1239; Y . 69, p. 745; V .71, p. 1273.
St o c k .—Common, $100,000,000; $10,000,000 p referred canceled.
D iv id e n d s — 51891-95.1896.1897. ’ 98. ’ 99.1900. ’01.
1902.
P e rc e n t.......... \ 12 a yr.
31
33
30
33 48 48 In cl. Sept., 35
In 1901, Mar., 20 p.c.; June, 12 p.c.; Sept., 8 p.c.; Deo., 8 p.c.; 1902,
Mar., 20 p. c ; June, 10 p. c.; Sept., 5 p. c.
Of f ic e r s .—P resident, J. D. R o c k e fe lle r ; Treasurer, W . H. T ilfo r d ;
Secretary, C. M. Pratt. Office, 26 B roadw ay, N. Y .
D ir e c t o r s .—J. D. R ockefeller, W illia m R ockefeller, H . M. F lagler,
J. D. Archbold, H. H. Rogers. W. H . T ilfo rd , C. M. P ratt, O. H. Payne,
Paul Babcock, C. W. Harkness, J. A . M offett and F. Q. B arstow .—
(V.73, p. 1014, 1212,1364; Y . 74, p. 330; V. 75, p. 294.)
S t a n d a r d R o p e Sc T w i n e C o .—See p age 172.
S u s q a e . I r o n Sc S t e e l C o .—See Su p p . fo r Oct., 1901; V. 75, p. 81,
294, 398.
S w i f t Sc € o . —O r g a n iz a t io n .—In corporated in Illin o is A p ril l ,
1885. Has packing plants at U nion Stock Yards, Chicago; at South
Omaha, Kansas City, East St. Louis, South St. Joseph and South 8 t
Paul. In 1902 purchased the property o f the A n glo-A m erica n P r o v i
sion Co., F o w ler Brothers. L im ited, and the Kansas C ity Packing plant
of Geo. F o w ler, Son & Co. Y . 74, p 1359; Y. 75, p. 81. In Oct., 1902,
a general consolidation o f packing interests w as understood to be pro
posed. V. 75, p, 851.
Sto c k a n d B onds .—Stock was increased Jan., 1902, to $25,000,000.
Dividends since 1888: ’ 89 to ’ 94, inch, 8 p. c.; ’ 95 to July, ’ 98, inch, 6
p. c.; Oct., ’ 98, to Oct., 1902, 7 p. c. Bonds, see table above.
R e p o r t .—R ep ort fo r year ending Sept. 30,1901, w ith bal. sheet, was
in V. 74, p. 92, showing; Sales (over), $200,000,000, against $170,
000,000 in 1900 and $160,000,000 m 1899. N e t earnings in 1900-1
above depreciation, repairs, etc., $2,700,000. Pres., G. F S w ift; Treas.,
L.A, Carton; Sec., D .E . H a rtw ell; Asst. Treas., I, A. Vant.— (V. 7 5 ,p. 81,
246, 552, 851.)
T a m a r a c k M i n i n g C o .—V. 74, p. 835, 882,1143 ,120 0.
T e m p l e I r o n C o .—See p age 172.
T e n n e s s e e C o a l I r o n A R a i l r o a d C o m p a n y . —O r g a n iz a t io n
—Owns blastfurnaces, coal mines, iron mines, foundries, & c„ in Ten
nessee and Alabama.—V. 55, p. 60. 463. V. 63, p. 31; 7. 69, p. 82; V.
m , p. 1227; V. 70, p. 588; V. 75, p. 621.
On Nov. 30, 1899, the A labam a Steel & Shipbuilding Co. plant was
opened at Ln sley City.
Th e plant has ten open-hearth furnaces
of 50 tons each and a capacity of 1,000 tons o f steel billets arid slabs
daily, and is leased to the Tenn. Coal Iron & RR. Co., which
guarantees its $1,100,000 6 per cent bonds, and $440,000 6 p e rc e n t
preferred stock. V. 70, p. 591. The common stock, all owned b y the
Term. (J. 1. ,v. RR. Co., carries control o f stock. V. 66, o. 1002 ,1235;
V. 07, p. 127, 801; V. 70, p . 1198; V. 72, p. 584.
D r lu r .t u iH . - O n common in 1887,1 per cent: In 1900, 6 p. c.: none
*tace to July, 2902. Preferred paid In fu ll to N ov , 1902; see belo * .
St o c k . - The authorized common stock was Increased in 1900 from
$20,000,000 to $23,000,0 K>. V. 70, p. 332. 4 83, 58®.
Bonds , o r the $15,000,000 general gold 5a of 1001, $3,000,000
were sold to complete the stcei mill at Kudos’, having an annual ca
pacity of i 00.100 tons o f rails and 200,000 tons o f steel a,ml other
forms, $lo,653,500 being reserved for existing bonds bearing < and
’
>
7 percen t Interest, and the balance for improvements. Th e malting
of rails was begun In January, 1902. V. 72, p. 876, 940, 989; V. 72, p
36, 531,1U 7 .
Da ie s t k vuNiNoa. Barning* for tins 0 mos. ending June 30. 1902,
were: Total income, §1,234,980; fixed charges, $302,201; depreciation,
9233,001; div. on pref. (4 p. c.), $13,243; balance, surplus, $596,535.
Rcr-un. Report for 1901 In V. 74, p. 985, showing output 1 Goal,
4,085,080 tons; coke, 1,179,855 tons; iron ore, 1.115,723.
frt
Y m r end. Dee. 31 1901.
1900.
1890,
1898,
'fot. net, profits........ $1,725,638
$2,3-17,027 $1,865,705
$808,383
j iuL op bonds, A c ___
862, i 89
705,282
577,832
616,434
Bad debts, h . .......................
(1)
76,962
26,974
Dividends......... .
) 0,804
1,497,876
................................
Balance for y e a r .. ,sr.$843,585 «r.$ l 43,860 «r.$ l ,210,911 sr,$224,975
Prom surplus, $843,585, as above In 1901, was sot aside for
unking fund for ore and coal rem oved, $359,234; addltlo: s to re
jjerv® and Insurance funds, $151,004; w ritten off for depreciation,
189,447; bal., $243,809, used to reduce valuation o f plant account
u
—Cor d M eyer, Jam esT. Wood ward, D. H. Bacon,
h . 1 Tracy, 0 . 11. Payne, E, R. Chapman, .James II. Smith, W illiam
Jftrbonr. A. B. Boardirmn, F. 8, W ltherbeo, CL McCoy and H enry 8.
5 g.
6
48 in ’01
6 g.
5
7 in 1902
5 g.
6
4 g.
7
6
6
6
5
6
6
6
gg.
g.
g.
g.
g.
M. < N.
fe
N ov. 1, 1930
Semi-an
N e w York.
1911 & 1922
Q .-M . N. Y ., 26 Broadw ay. Sep. 15,’02,5%
F. & A. N .Y ., Manhattan Trust. Aug. 1, 1946
Aug. 1, 1946
Sep.29,’02,1%
Q - J.
J. & J. N. Y . , N .B k.of Rep. & Ch. Ju ly 1, 1914
J. & J. N, Y . Guaranty Tr. Co. July 1 ,’02, 3%
J. & J. N. Y., Guar. Trust Co. Jan. 1, 1925
Q .- F .
N. Y ., H a n o ver Bank.
See tex t.
M. & N.
do
do
N ov. 1, 1903
do
do
J. & J.
Jan. 1, 1917
A. & O.
do
do
Jan. 1, 1917
F. & A.
do
do
Feb. 1, 1910
N e w York.
Ju ly 1, 1951
J. & J.
J. & J. N, Y ., H a n over Bank. July 1, ’02, 3%
ao
do
Ju ly 1, 1928
J. & J.
do
do
J. & D.
Deo. 1, 1922
7
Q .- J . N. Y ., F irst N a t’l Bank.
Co. office, Brooklyn.
2 in 1902 Q .-J .
5 g. M. & N. N. Y ., Corn Exoh. Bank.
6 in 1902
7 in 1902 A & O.
8 in IS 02 A. & 0.
See text.
Oct. 1, ’02, 1%
Oct. 1, ’02, ifl%
Nov. 1, 1920
Oct. 1, ’02, 3%
Oct. 1, ’02, 3ia
Oct. 1, ’02, 4%
Nov. 1,’02, 3%
Manning, o f N e w Y o rk ; W alker P ercy and Charles M oCrery of B ir
mingham, A l a . ; Chairman o f Board, D on H. Bacon; President,
(vacancy); Secretary and Treas’r. L . T. Beecher, 100 B roadw ay, N. Y
- ( V . 74, p. 100, 9 8 5 ,1 1 4 3 ; V. 75, p. 136, 621, 796, 851.)
T e x a s Sc P a c . C o a l C o .—See p age 173.
T e x a s P a c i f i c L a n d T r u s t . —V . 74, p. 7 2 5 , 941,1256.
T i d e w a t e r S t e e l C o .—V .7 3 ,p .3 6 ,1 4 2 ,856; V . 7 4 ,p .5 3 5 ,991.
T r e n t o n P o t t e r i e s C o .—Stock, $3,000,000, o f w hich $1,250,000
is 8 p.c non-cum. preferred; S u p . A p ril, ’ 97. D iv. on p ref., 2 p. c., paid
A p ril 10, 1900; last previous June 11,1894; July, 1900, to Jan., 1902,
I both inch, 8 p. c. ye a rly —2 Q.-J.; Mar., 1902, 2 p. c., June, 2 p. o.; Sept.
2 p. c. In Oct., 1902, the issue o f $550,000 4 p. c. incom e certificates
was pending to fund the 44 per cent accumulated dividends on p refer
red, the la tter to he made 8 p. c. non-eumulative, per plan V. 74, p.
1256. The certificates w ill be subject to call fo r a non-cumulative
sinking fund o f $25,000 yearly, beginning Jan., 1903, payable out o f
net profits, i f any, o ver interest on certificates and dividends on p re
ferred. V. 75, p. 81 — (V. 74, p.1256; V. 75, p. 33, 81, 195.)
T r o w D i r e c t . P r i n t . & B ’ k b i n d . —V. 69, p .1 0 6 0 ; V. 71. t>. 962.
U n i o n R a g & P a p e r C o .—See page 173.
U n io n D e p o t C o ; o f C o lu m b u s ,
The P. C. C. & St. L. owns
a h alf interest in this property.— (Y. 63, p. 117; V , 64, p. 804.)
U n i o n F e r r y . —Operates five fe r ry lines betw een N ew Y o rk and
Brooklyn. C apital stock is $3,000,000; par $100. The m ortgage covers
19 ferryboats, real estate, etc. D ividends: In 1894,4 p.c.; 1895,4; in
1896, 4; in 1897, 4; in 1898, 3 h j; in 1899, 3; 1900, to Oct.. 1902, 2 p. 0.
( k p. c. Q.—J.) A s to proposed new ten-year lease, see V. 72, p. 940,
1038,1140; Y . 73, p.86,187. Pres., J D .F airch ild.— (V.73,p. 1064.)
U n i o n L e a d & O i l . —See V. 73, p. 1067; V. 74, p. 100,1146.
U n i o n S w i t c h Sc S i g n a l . —V. 72, p. 4 4 4 ,1 7 9 ; Y . 74, p. 6 7 8 .
U n i o n T y p e W r i t e r . —O rganized in 1893 in N e w Jersey. A
combination including W yckoff, Seamans & Benedict (Rem ington)
Y o st W ritin g Machine, Am erican W ritin g Machine (Caligraph), Smith
Prem ier T y p ew riter and Densmore T y p ew riter companies.
As to decision in July, 1899, see V. 69, p. 82. See also V. 69, p. 1305.
D iv id e n d s .
’ 93. ’ 94. ’ 95. ’96. ’ 97. ’98. ’ 99. 1900. ’ 01.
1902.
1st p referred ,p .c... 3% 7 7 7 7 7 7
7 7
7
2d preferred, p. 0. -. 0
0 6 6 8 8 8
16
16 A pr., 8
F irst div. on common stock, 3 p. c „ paid A pr., 1902; Oct., 3 p. o . , .
Pres., Clarence W . Seam ans; Sec., Geo. K . G illuly. Office, Jersey
City, N. J . - ( V . 72, p. 584; V , 74, p. 634.)
U n i t e d B o x B o a r d & P a p e r € 0 . —See page 173.
U n i t e d C o p p e r C o . o f M o n t a n a . —O r g a n iz a t io n .—In corp or
ated in N ew Jersey on A pr. 28 and owns about 95 ue o «n t o f tbe stock
and all tue b inds o f the Montana copper properties developed b y F.
Augustus H ein ze and associates, producing about 42,000.000 pounds
annually, viz.: Montana Ore Purchasing Co., N ip p er Consolidated Cop
per Co., M innie H ealey Copper M in in g Co., Corra Rock island Copper
Miring Co. and Belm ont Copper M in ing Co V. 74, p. 942.
6took authorized, common, $75,000,000; present issue, $45,000,000,
balance being reserved fo r now properties: oref. 6 p. 0 . earn.; $5,000,000. P a r o f shares, $100, V. 75, p. 139. F irst div. on pref., 3 p. o.,
payable Nov, 1,1902. No bonds.
Offic e r s .—President, F. Augustus H einze; Vice-Presidents, Arthur
P. H einze and John McGinnis ; Treas., Stanley Gifford; Sec., va ca n t;
Asst, sec., Stanley Gifford. Directors, V.71, p. 1146.—( V . 75, p. 139.)
U n i t e d E l e c t r i c C o . o f N e w J e r s e y . —See page 173.
U n it e d E l e c t r i c S e c u r i t i e s C o .—V. 74, p. 216; Y. 75, p, 195.
U n i t e d F r u i t C o .—O r g a n iz a t io n .—In corporated in N e w Jersey
on March 30,1899, to control the tropical frulthUBlness. V. 68, p. 620
979. 1134; V. 69, p. 909, 1016. Stock authorized, $20,000,000; all
common; par $100. Issued, $ 12,369,500. V.71, p. 393.
official statement, V. 69, p, 854. Properties owned, see reports V.71
n. 1 0 U , 1020, and V. 73, p. 1060. V. 74, p. 1095; V 75, p. 021. As to
Northern Ky. o f Costa Rica, see V. 71, p. 1067; V.75, p. K51. Oivi
(lends, October, 1899, to A pril, 1901, 1 0 p ,o. per annum; July, luOL,
10 Oct., 1902, 6 p. 0 . yea rly (Q.-J,), and in G o t, 1002, l p. c. extra.
V. 75, p. 621.
b o n d s .—Debentures fo r $3,000 000 w ere issued In 1901 and $1,ffijn.OOo in June, 1902 ; they are convertible Into stock at Hid option
o f t be holder a fter Jan, 1, 1003, and are subject to call In whole or in
pan at the option o f the company a fter J an i, 1003. V 73, p. 240, 295,
1'.M V. 75, p. 803.
L;
R e p o r t , -Fiscal year now ends Sept. 30. Earnings fo r year ending
•Vuit, 31, 1902, were o ver $2,0 0,000; cash in treasury about $800,0 JO
.
V. 75, p. 021. Second report fo r fiscal year ending A ug. 3 1 . 1001, with
bal m rc Sheet and remarks In full, wim in V. 73, p, 1000, 106(1.
Fu r a t
N et
E a r n in g * .
E a r n In g a O th e r M ie c e l.
S u b . < h ,». I n c o m e . C h a r g e * .
D iv id e n d
[o n S t o c k .
tia la n c e ,
S u r p lu s ,
“*t ft f9
i ~
j|
||
tjj)
1900-1. 1,30-1,027 dof 52,0 > 08,161 221,580 (9)1,031,707 13,790
1
1890 0. 1,504,(109 net 210.U 1 18,005 200,022 ( 10) 1,1 19,257 452,635
Total nurjdUH Aug. 31, 1901, $ 1 ,163,933,
Andrew W. Preston, Presto Vice Brest,, M inor C. Keith; Treas'r,
Charles A. Hubbard; Hoo’ y, Bradley W, Palm er; Asst. Treas. James F.
Tilden
Dlro. Uirs Get., 1901, V. 73, p. 794. (Im i'l offices, 131 HI,ale
H t , Boston, Mass.—(V. 75, p. 81, 345, ;i9H, 552, 621,087, 803, 851.)
( T i m ) U n i t e d t in s I m p r o v e m e n t C o .—Organized 1882In Penn
sylvania; reorganized In 1885. Charter 1« perpetual and business In
the building, leasing and operating o f gas works. In 1900 operated In
166
INVESTORS’ SUPPLEMENT,
[VOL. LX X V .
Bouds—Prin ci
M ISC E LLA N E O U S .
IN T E R E S T OR D IV ID E N D S .
D ate Size, or
pal,When Due.
Am ount
of
Par
R ate per When Where payable and by Stocks—Last
F or explanation o f column headings, &o., see notes on
Bonds Value. Outstanding
Cent. Payable
first page o f tables.
Whom.
Dividend.
United E lectric Co. o f N. J —1st mort., gold. See t e x t ...
Vnited F r u it—Stock, $20,000,000................................
Deben., $5,000,000, g .,0 8 ,c o n v ., red. at 110 aft. Jan- ,’ 03
N o .R y .o f Costa Rica, 1st M.,g.red.105,s.f.& int. gu. O H .c ’
United Qas Im provem ent Co—Stock, $28,250,000............
United Shoe M achinery— Common stock $12,500,000---P referred stook, 6 per cent, cumulative, $12,500,000 ..
U .S. Oast Ir o n P ip e < Foun Co.—Pref. stk.,7 p.c.,non-cum.
£
U nderlying bonds—See text.
U. S. Cotton Duck.—P re f. stock, 6 per cent, c u m ............
Mt. Vernon-W oodberry 1st M., gold, $8,000,000 — c*
do
do
incom e M., $6,060,000.....................
U. S. Envelope—P ref. stock, 7 p. c., cum., $4,000,000---1st Mort., g., red. after 1908 at 104, s. f .....
........
Deben., gold, $25,000 due yearly, red. a t 101, beg. 1907
Vnited Stales Express—Stock...............................................
United States Leather—Common stock, $64,000,000. ..C e
P referred stock, cumulative, 8 p. 0., $64,000,000........
Deb. $10,000,000, g., s. f., 4 p. c., sub. to c a lla t llO . C e .
United States Mortgage < Trust—Stock...............................
&
1st m ort. trust
S“ E ” & “ F ” g., red. a fter 10 yrs.c*<fer
bonds.
1 “ G ” to “ N ” g., red. a fter 5 yea rs.0*
U. 8. Realty < Construction-Cora., stock, $36,000,000..
&
P referred stook, 6 per cent, cum., $30,000,000.............
United States Rubber—Common ($25,000,000 authorized)
Preferred ($25,000,000 authorized) 8 p. e. non-cum......
United States R eduction & R e fin in g Co.—See text.
1899 $500&o.
100
1901
1,000
1900
1,000
50
25
25
100
....
....
—
100
1,000
1,000
100
1,000
100
100
....
100
....
100
1893
1,000
100
1897-8 1,000
’ 98-’02 100 &o.
... .
100
100
100
100
—
1899
1899
....
1898
1902
....
....
o v e r 30 leading cities in the U. S. See list V. 70, p. 1000,944. In 1900
increased stock from $15,000,000 to $22,500,000. V. 70, p. 87,592,944.
Owns control o f the Connecticut R y. & L igh tin g Co., a consolidation
In 1900; also o f U nited L igh tin g & H eatin g Co. V. 70, p. 944; V. 71,
p. 609, 1273; Y . 72, p. 679; Y . 74, p. 430. In A p ril, 1900, obtained
practical control o f the gas and electric-light business adjacent to
H ew Y o rk C ity ex cep t L on g Island. V . 70, p. 850; V. 71, p. 1175.
In Mar., 1902, purchased the H arrisburg, Pa., Gas Co., and in M ay,
1902, the street railw ay, gas and electric properties in Providence and
Vicinity. V. 74, p. 684,892, 1090, 1140,1358.
Stock.—I n 1902 $5,625,000 new stock was sold at par to share
holders, raising the amount outstanding to $28,125,000. V. 74, p. 382.
D ividends —Since 1889, 8 p. c. per annum, payable quarterly. In
Jan., 1896, paid ex tra dividend o f 15 p. c. in con vertible scrip.
R eport fo r 1901, in V. 74, p. 985, showed profits o f $2,535,288.
President, Thomas D olan; Secretary and Treas., L ew is L illie , Broad
& A rch Sts., Phila. D irectors, V. 70, p. 1053.—(Y. 74, p. 382, 430, 684,
892, 942, 9 8 5 , 991, 1146,1256,1359; V. 75, p. 81, 347.)
U n i t e d S lio e M a c h i n e r y C o .—S eep a g e 173.
U n i t e d S t a t e s C a s t I r o n P i p e Sc F o u n d r y C o .—Organiza
tio n ,—Incorporated in N ew Jersey on Mar. 13, 1899, to unite compa
nies controlling the la rger p a rt o f the cast-iron pipe business o f the
U. 8. V. 68, p. 430. F o r lis t o f p roperties see prospectus in V. 68, p.
233; V. 69, p. 757; V. 71, p. 1124. D ividend on preferred, 1% p ercen t
Dec., 1899, to June 1,1900, inclusive, 1% p. c. qu arterly (7 per cent per
annum); in 1902, 4 p. c. (Q-M.) Com. and pref. stocks authorized, $15,000,000 each; outst’ g, common, $12,349,295; preferred, $12,326,223.
B onds.—U n d erlyin g bonds, Am erican P ip e & Foundry Co., $1,194,
000 6s (int. J. & J.) V. 70, p. 87; V. 74, p. 1359.
R eport .—R ep ort fo r year ending M ay 31,1902, w ith balance sheet,
V. 75, p. 27, showed: T o ta l net income, o ver int., and im provem ents
$711,184, against $210,534 in 1900-01; reserve fo r w orking capital,
$289,827; div. on pref. (2 p. c.), $246,063; bal., sur., $175,294.
Directors.—Samuel Thomas, Geo. B. H ayes, Colgate H o yt, A. C.
O verholt, B. F. Overholt, C. E. Burke, E. C. Fuller, Anthony N. Brady,
George J. Long, A. F. Callahan, P. J. Goodheart, D a vid Giles, W.
T. C. C arpenter and E. R. Thomas.
Officers .—Pres., G eorge B. H ayes; 1st Vice-President, Geo J. Long;
2d Vice-President, A. F. Callahan; Sec. and Treas., B. F. Haughton
Office, 80Broadw ay, N. Y .— (V. 74, p. 8 2 8 , 991,1359; V. 75, p. 27.)
U n i t e d S ta t e s C o a l Sc O i l C o .—See page 173.
U n i t e d S ta t e s C o t t o n B a c k C o r p o r a t i o n , —See p age 173.
U n i t e d S ta t e s E n v e l o p e . —See page 173.
U n i t e d S ta t e s E x p r e s s . —A n “ association” organized under the
law s o f N ew Y o rk State in 1854; not incorporated. Operated Dec.,
1900, on about 30,000 m iles o f railroad in the U nited States. In
1887 the stock w as Increased $3,000,000, to $10,000,000, and the
B altim ore & Ohio E xpress was purchased. A s to M etropolitan Express
Co., organized in 1900 w ith $500,000 stock, see V. 72, p 92.
Dividends . ) ’90. ’ 91. ’ 92. ’93. ’94. ’ 95. ’96 to ’ 00. 1901. 1902.
S in c e ’90, p .o .) 4
2
2
4
2
0
3 yearly.
3*2
4
In 1901 representatives o f the Adams and A m erican Express com
panies and other interests entered the directory.— (V. 73, p. 794.)
U n i t e d S t a t e s F l o u r M i l l i n g . —See Standard M illing.
U n i t e d S ta t e s L e a t h e r . —Incorp. Feb. 25,1893, in N. J.—V. 56, p
757; V. 57, p. 23; V. 61, p. 114; V. 71, p.557, 817. Output, sole leather.
Stock .—W ording o f pref. certificate is in editorial in M ay 1, ’ 93, Supp
Dividends . 1895. 1896. 1897. 1898. 1899. 1900. 1901. 1902.
Preferred , p.c. 6
1 4
43*
5
6
6
6
Overdue on preferred: M ay 1,1893, to July, 1902, 367lfl p. c.
B onds.—Sinking fund 4 p. c. o f issue yearly, the debentures to be pur
chased or drawn at 110. Debentures fo r $9,653,000 have been certi
fied by the trustee, but on Deo. 31,1901, only $5,280,000 outstanding
and $1,800,000 in the treasury; o f the la tter about $400,000 to be re
tired b y sinking fund about Aug. 1. 1902. V. 74, p. 732. 8ee adv. in
Chronicle o f M ay 6,1893, and application V. 57, p. 23.
A nnual R eport .—Fiscal year ends Deo. 31. R ep ort fo r 1901, in V.
74, p. 477, g a ve m erely balance sheet showing profit and loss surplus
o f $5,460,880 on Deo. 31, 1901. In 1900 surplus was $4,540,870.
Officers —President, E. C. H oyt, N ew Y o rk City, N. Y .; Seo’y, Josiah
T. Tubby, Brooklyn, N. Y.; Treasurer, James R. Plum, N. Y. City.
N. Y . Office. 26 Ferrv Street.—(V. 72, p. 436; V. 74, p. 4 7 7 , 482, 732.)
U n i t e d S ta t e s M o r t g a g e Sc T r u s t C o .—See page 173.
U n i t e d S ta t e s R e a l t y Sc C o n s t r u c t i o n C o .—Organization .—
Incorporated in N e w Jersey on Aug. 4,1902, and cook o v *r per plan
V . 75, p. 247, 294, 998, 736, all real estate, contracts and other property
o f G eorge A . Fu ller Co. (see V. 74, p. 1087); and the N e w Y o rk
R ea lty Corporation (see V. 73, p. 1359); also the real estate interests
o f the Central R ea lty Bond & Trust Co., but n ot the A llia n ce Realty
Co. A syndicate headed by H a llga rten & Co. furnished $11,000,000
cash in return fo r a certain amount o f preferred and common stoclr.
Officers .—President, Bradisli Johnson; Secretary, R. G. Babbage.
Office, 137 Broadw ay. E xecu tive Committee: James Stillman, Chair
man; Charles M. Schwab, H a rry S. Black, A lb e rt Flake, R obert E.
D ow ling, Henry Morgenihau, Hugh J. Grant.
Other Directors: James H . H yde, W illiam H. M cIn tyre, James
Speyer, A. D. Juilliard, G. G. H aven , Bradisli Johnson, Charles H.
Tweed, John T. M itchell, H enry Budge, Geo. C. Clarke, S. P. McConnell,
B. A ym a r Sands, Charles Francis Adams 2d, Cornelius Vanderbilt, John
W. Gates, P. A. V alentine and H en ry L. H igginson.— (V. 75 p. 247,
294, 398, 506, 687, 736, 803.1
$16,110,000
12.369.500 7 in
4.000. 000
1.516.000
28.125.000
10.720.300 8 in
9.936,450
12,303,150 See
4 g.
1902
5 g5 g8
1902
6
text.
2.750.000
8.000. 000
5 g.
6,000,000 2Lj in ’ 02
3.750.000 5 in 1902
2,000,000
6 g.
250,000
5 g.
10,000,000 4 in 1902
62.882.300
62.282.300 6 in i.902
5.280.000
6 g.
2,000,000 13 in ’02
2,000,000
4 g8,000,000
4 g.
33.500.000
27.500.000
23.666.000 2 in 1900
23.525.500 8 in 1900
J. & D. Tit. Gu. & Tr. Co., J. C. June 1, 1949
Q.—J./<
Boston, Mass.
Oct. 13,’02,2ig
M. & S. Boston, Old Col. Tr. Co. Sept. 1, 1911
M. & S.
do
do
Sept. 1, 1915
Q .-J .1 5
Philadelphia, Office. Oct, 15,’02,2%
Boston.
Oct. 15,’02, 2%
Q —J. 15
do
Q —J - 15
,Oct,15,’ 0 2 ,lla
Q. -M. N. Y ., Thom as & Post. Dec. 1, ’ 02, 1
M.
J.
M.
J.
F.
M.
&
&
&
<
fc
&
&
S.
J.
S.
J.
A.
N.
Cont’l Trust Co., Balt.
Sep.15,’02, 3%
Sept. 1, 1949
2*2 p. c. pd. Aug. 15,’ 02 Jan. 1, 1950
Q .-J .
M. & N.
J. & J.
Various
Various
N. Y „ Prod. Ex. Tr. Co. Sept. 1,’02, 2 i«
Boston, Old Col. Tr. Co. Aug. 1, 1918
Feb., 1903-12
N. Y „ Office, 49 B ’ way. N o v .15,’02,2%
N one paid.
Office, 26 F e rry St, N. Y. Oct. 1, 02, lia
N. Y .,P a rk B k .; Boston. M ay 1, 1913
N.Y.,Office, 59 Cedar St. J’ne30,’0 2 ,7%
do
do
i 1917- 1918
do
do
1918- 1922
Q .- J .
Office, 9 M urray St.N. Y. Apr. 30,’66,1%
do
do
Jan.31,'01,1%
U n i t e d S ta te s R e d u c t i o n Sc R e f i n i n g C o .—Incorporated in
N e w Jersey on M a y 31,1901. E xtra cts gold and other precious metals
from ore obtained chiefly from Cripple Creek District, Col. Official
statement showing properties owned, etc., V. 74, p. 882.
Stock authorized, common, $6,000,000: pref. (also as to assets) 6 p.cnon-cum., $4,000,000; par o f shares, $100; outstanding, common,
$5,918,800; p referred . $3,945,800. Bonds (all outstanding), $3,000,000
first 30-year g o ld 6s, due Ju ly 1,1931, subject to call at 110 as a whole
or fo r a sinking fund amounting to $50,000 annually; Continental
Trust Co., N. Y ., trustee.
Dividends on pref., l ^ p . c., paid Dec. 20,1901, Apr. 1 to Oct. 1,1902*
both inclusive, l ^ p . c . quarterly. On common, Apr. 1 to Oct. 1,1902*
both inclusive, 1 p. c. quarterly.
R eport fo r year ending Aug. 1, 1902, given in fu ll in V. 75, p. 802,
showed net earnings (over im provem ents, etc.) $960,733; int. on bonds
(13 months), $195,000; div. on pref. stock (3 p. c.) $176,886; div. on
common stock (2 p. c.), $118,038; bal., sur., $470,809.
President, Chas. L. Tutrt: Vice-Pres and Mgr., Chas. M. Mac. N eill;
Sec. and Treas., Spencer Penrose. Tran sfer office, 52 Broadw ay, N. Y.
- ( V . 75, p. 687, 7 9 0 , 8 0 2 .)
U n ite d States R u b b e r .—Organization and P ropertt .—Or
ganized under law s o f N e w Jersey in October, 1892, fo r the manufac
ture o f rubber boots and shoes, etc. A pplication to N. Y . Stock Exch.
in 1892, V . 55, p. 1039; see V. 56, p. 539; V. 71, V-J4S- In 1893 ac
quired five additional concerns. In Sept., 1898, purchased the
stock o f the Boston Shoe Co. fo r $1,000,000 cash, $4,125,000 pre
ferred and $3,500,000 common stock, the Shoe Co. h aving first issued
$5,000,000 gold bonds to its stockholders; see V. 67, p. 905 V. 66, p.
691 ,788,802,905. Owns three-fourths o f the rubber boot and shoe
output o f the U. S. V. 74, p. 733. Companies outside “ trust” June,
1900, see V. 68, p. 574, 675, 725; V. 71, p. 37, 1317; V. 72, p. 92; V.
73, p. 1318; V. 74, p. 100. In 1899 sold rubber tire business to Rub
ber Goods M fg. Co —V 69, p. 1106. E xports o f rubber boots and shoes
fo r 1901,1900 and 1899, see V. 73, p. 622.
stock .—Preferred stock has preference as to assets and earnings
and no bonded or m ortgage debt can be created w ithout consent in
w ritin g of holders o f three-fourths o f each class o f stock. Common is
entitled to all surplus after eight per cent on preferred. See wording
of pref. certificate in editorial o f M ay, 1893, Supplement .
D iv s ., p. ct.
1893. ’ 94. ’ 95. ’96. ’97. ’98. ’ 99.
1900.
1901.
Comm on....... >
0
0 2*2 0
2
0
2
2
None
P r e fe rre d ......5' —8 p. o. yea rly—- T 6
T
8
8
8
Jan., 1
IT In 1897 paid on preferred in Jan., 4%; July, 2%.
In Jan., 1901, dividend on preferred stock was reduced; none has
been paid since. V. 72, p. 118, 679,1033.
F unding N otes.—T he funding notes of 1902 are secured by deposit
of notes of tbe subsidiary companies aggregating $12,000,000, and
were issued to discharge the entire floating debt, including that of the
subsidiary companies. Under the trust instrument the net quick as
sets of all the companies, excluding real and fixed properties, shall
never be less than $15,000,000; in addition the value of the 16 plants,
all unencumbered, was estimated at $12,500,000. V. 74, p. 684, 733.
A nnual R eport .—Fiscal year ends March 31. Gross sales for 12
mos. ending Mar. 31, 1902, $45,917,536, again st$32,224,216 in 1900-1.
V. 74, p. 1087.
1902.
1901
i9 r o
1899.
Gross in com e......
$58,380
$265,622
$3,233,773
$3,416,381
Rent, ex p ’ses, etc.
476,489
263,6 l6
225,886
189,867
Balance............ def.$418,109
$62,606
$3,007,887
$3,226,514
D ividendson p re f
.............. (3)$705,765 (8)$1,892,040 (8)$1,882,040
Dividends on com
...................................
(4)946,640
................
Bal. for y e a r ...d e f $418,109 df.$643,159
Previous surplus
25,013
832,703
Depreo’n & losses
717,249
164,531
$179,207
823,522
170,026
$1,344,474
108,913
629,864
Sur. A p ril l..d e f.$ l,110,345
$25,013
$832,703
$823,523
The “ gross in com e” in 1902 was made up o f results from opera
tions o f plants and dividends on investments, $115,802, and of loss
from commission on sales o f rubber boots and shoes, $57,421.
Directors .—Samuel P. Colt, H. E. Converse, James B. Fori,
J. H ow ard Ford, J. D. Verm euie, H enry L. Hotchkiss, Lester Lei and,
Frederick M. Shepard, E. 6. Converse, Costello C. Converse, Frederick
C. Sayles, Francis Lynde Stetson, Francis L. Hine, Middleton S. Burrill, E. C. Benedict; President, Samuel P Colt; Vice-Pres., Costello C.
Converse; 2d Vice-Pres., L ester Leland; 8ec., Samuel Norris Jr.; Treas-,
James B. Ford. N. Y. Office, 9 Murray St.— (V 74, p. 991, 1095.)
U n i t e d S ta te s S h i p b u i l d i n g C o.—Organization . - I ncorpor
ated in New Jersey on June 17. 1902, and acquired the following
shipbuilding ooncerus or their capital stocks free from all liens, viz.:
U n ion Iron Works. San Francisco; H yde Windlass Co. of Bath, Me.; Bath
Iro n W orks. Bath, Me-; Crescent, Shipyard and the Samuel L . Moore & sons
Co., Elizabethport, N. J .; Eastern Shipbuilding Co., New London, Conn.; Hat
lan & Hollingsw orth Co., W ilm ington, Del.; Canda Manufacturing C o , Car
teret, N. J.
The Bethlehem Steel Co. was also purchased, enabling the company
to build battleships complete with armament, armor and all equip
ment. V. 74, p. 1313; V. 75, p. 347.
.
Tbe new company was to have over $5,000,000 working capital,
besides contractson hand aggregating more than $36,000,000, on whloii
the estimated profits will exceed $5,000,000. V. 74, p. 1258.
Stook authorized, $25 000,000 common and $20,000,000 6 p. c. nonoumulatlve preferred. The 1st mortgage bonds ($1 6 ,000,000 series A,
of,, which $1,500,000 in the treasury) are secured by a first lien on
October , 1902.]
MISCELLANEOUS STOCKS AND BONDS.
Coll. fd. gold notes, red. p a r .M o .c
Boston Rubber Shoe Co., gold, bonds.............................
TJ. 8 . S h i p b u i l d i n g G o — Com. stock, $25,000,000 au th ...
P ref. stock, 6 per cent, non-eum., $20,000,000 auth—
1st m ortgage, $16,000,000, gold, Series A . M e ......... c*
Collateral & trust m ortgage, $10,000,000 . IN................
Beth. Steel purch. mon. M. fo r Beth. Iron , g . G P . c 'f c .
Beth. IroD, 1st rnort., assumed b y Beth. Steel C o .F P .o *
U n i t e d S t a le s S t e e l C o r p o r a t i o n — Com. stk,, $550,000,000
Preferred stock, 7 per cent cumulative, $550,000,000
XT. S . R u b b e r — ( C o n . ) —
1902
1898
1902
1902
1901
1886
1901
Collat. tr. M „ $304,000,000 \
S
r
1901
Coll. tr. 2d M., $2 =>0,000,000, g., s.f., red. 110 aft. 1912 1902
B onds of Companies Controlled —
Illinois Steel debentures, (no longer co n vertib le)...... c*
N on-convertible debentures, A & B ..........................o*
Elg. Jol. & E. 1st M. ($10,000,000) g ..C e ................. c*
Duluth & Iron Range, 1st m o r tg a g e .M p ................. c&r
2d m ortgage, currency, red. at 105, $5,000,000.Ce.c*
Johnson Co.of Pa.lstM .,red.$100,000 S e p .l,y ’ly .U s ..o
Am erican Steel & W ire m ortgages......... ......................
Am. Steams’ p 1st M., g., gu., p.&i.end., s .f.IS -- ..c<fcr
Carnegie Co. col. tr.M ., $ o r £,s.f.,red .a tl0 5 af.’ OS.Uso*
Frick Co. M „ s. f., red. at 105, $100,000 y e a rly ............
Am erican Tin Plate m o r t g a g e s ......................................
National 8teel m ortgages ($250,000 are 5 s).................
Pittsbu rg Bessemer & Lake E rie R R .—See that compa
Bonds—Prin el
pal,W hen Due.
R ate per When Where Payable, and by Stocks—Last
Payable
Cent.
WTiom.
Dividend.
IN T E R E S T O R D IV ID E N D S .
M ISC E LLA N E O U S .
D ate Size, or
Par
of
For explanation o f column headings, &c., see note on
Bonds Value.
first page o f tables.
Am ount
$5,000 $12,000,000
5 g.
1,000
4,800,000
5 g.
100
100
1,000
14,500,000
5 g.
1,000
10,000,000
5 g.
1,000
7.500.000
6 g.
1,000
5
1.351.000
100 508,495,200 4 in 1902
100 510,314,100 7 in 1902
l.OOO&o
5 5 g.
i,o o o & c 303450000 1
5 g.
See text.
5 g.
1890
1,000
1893 500 &c.
1891
1,000
1887 l,000& c
1,000
1896
1894
1,000
1900
1,000
1900 1,000&C
nyund er RRs.
the plants named above, except the Bethlehem Steel Co., appraised at
over $20,000,000. A ddition al first m ortgage bonds can be issued
only to acquire n ew plants and equipment and fo r im provem ents
upon the approval o f a m ajority o f the outstanding bonds. The “ co l
lateral and trust m ortgage” is secured b y the deposit o f $15,000,000
stock and $10,000,000 Bethlehem Steel Co. bonds and by a second
m ortgage lien on a ll the rem aining properties o f the shipbuilding
company. V. 75, p 347, 398, 565.
N e t earnings fo r year ending June 30,1902, o f all companies [except
Bethlehem S teel Co., $1,942,522; net earns, o f Bethlehem Steel Co. fo r
year ending Aug. 1,1902, $1,441,208; to ta l n et earnings, $3,383,730.
Directors.—H en ry T. Scott and Ir v in g M. Soott, San Francisco,
CaL; John S. H yd e and E. W. H yde, Bath, Me.; Charles R. HaDscom,
N ew London, Conn.; H orace W. Cause, W ilm ington, Del.; L ew is N ixon,
Chas. J. Canda, D aniel L e R o y Dresser and J. J. McCook, o f N e w York.
Officers .—President and G eneral M anager, L ew is N ixon; Secre
tary, Cyrus C. W ells; E x ecu tive Comm ittee, H en ry T. Scott, o f San
Francisco (Chairman), M a x Pam , D. L ero v Dresser, E. M. M oH vain
and L ew is N ixon . Office, 43 Cedar S t , N. Y .— (V. 75, p. 565.)
■ U n i t e d S ta te s S ilv e r C o r p o r a t i o n . —In corporated in N e w J er
sey on Sept. 10, 1902, and acquired all the $1,000,000 stock o f C.
Rogers < Bros, o f Meriden, Conn , V. 68, p. 332, and a m a jo rity o f the
fc
$15,052,200 stock ($5,107,500 preferred) o f the In tern ation al S ilver
Co., which see. Control o f other plants m ay be acquired. Absolu te
consolidation m ay even tu ally be effected. V 75, p. 687. Stock author
ized, $3,000,000, all outstanding. Bonds, $3,150,000 50-year convert
ible gold 6s, due 1952, of which $150,000 in the treasury, subject to call
a; 115 at any time; in t J. & J. at B ow lin g Green Tr. Co., N . Y ., trustee.
Officers .— President, O. F. Thomas; Vice-President, Cephas B.
Rogers; Treasurer, E. R. Thom as.—(V. 75, p. 687, 803.)
U n i t e d S ta t e s S t e e l C o .—Or ganization .—In corporated in W est
Va. on Sept. 5, 1899. V. 69, p. 909. Manufactures “ J u p ite r” steel
from steel Borap or refuse b y patented processes; plan t at E verett,
Mass. V. 69, p. 1017. Stock authorized, $3,000,000; par o f shares,
$5; outstanding February, 1901, $1,780,000. D ividends from D e
cember, 1899, to Jan , 27,1901, inclusive, 12 per cent yea rly (changed
to Q.-J.). Balance sheet Mar. 31, 1900, V . 70, p. 1094. President
andTreas., Chas. S. M iller; V ice-fres., H. B. Whall. Office, 145-147
O liver Street, Boston, Mass.— (V. 73, p. 240, 290.)
U n it e d S ta t e s S t e e l C o r p o r a t i o n . —O r g a n i z a t i o n . — In co rp o r
ated in N ew Jersey on Feb. 25,1901, and acquired per plan in V. 72,
p, 441, 679 (see also V. 73, p. 349), practically a ll the sto ok o f the fo l
low ing leading steel companies o f the Central W est, viz.:
Total stock.
Jotal stock.
167
2.922.000
6.900.000
7.852.000
6.732.000
1,000,000
1.200.000
101,656
5.452.000
500.000
1.709.000
195.000
4.092.000
M.&S.15 N. Y ., M orton Trust Co. Meh. 15,1905
F. & A. E lio t N.Bk.,Bos.& Pro v. Aug. 1, 1908
J. & J. N. Y ., M ercantile Tr.Co.
F. & A.
N ew York.
Q.—F.
F. & A. Phila. F id e lity Trust.
Q .- M . N. Y ., Off. E m pire Bldg.
Q .- F .
do
do
Various N .Y ., J.P. M organ & Co.
do
do
do
5
J. &
A. &
5
5 g- M. &
A. &
5
6
J. &
M. &
6
J.
do
do
O. N .Y ., Off., E m pire Bldg.
N.
do
do
O.
do
do
J.
do
do
S. N. Y ., U. S. Trust Co.
July 1, 1932
A u g. 1, 1922
Aug. 1, 1998
Feb., 1907
Dec,30,’0 2 ,1%
N ov.15,’02,1%
A pr. 1, 1951
A pr. 1, 1951
1962
Jan.
A p r.
M ay
Oct.
Jan.
To
1, 1910
1, 1913
1, 1941
1, 1937
1, 1916
1914
N o v. 1, 1920
5 g. M. & N.
A. & O. N.Y.,U .S.Tr.Co.,or Lon. A p r. 1, 2000
5
Ju ly 1, 1919
5 g. J. & J.
5 & 6
T o Deo., 1912
B onds .—T he collateral trust 5 p er cent bonds o f 1901 are secured
by all the securities owned; $154,000,000 on ly (series A , C and E )
are subject to call in w hole or part at 115 per cent a fter A p r. 1,1911;
a sinking fund o f $3,040,000 yearly, beginning June 1, 1902, can
purchase bonds i f obtainable at not exceeding 115 and interest, and
a fter A p r il 1,1911. m ay he applied to the redem ption o f series A , C
and E bonds to be draw n b y lot.
On M ay 19,1902, the stockholders approved a plan (see V. 74,p. 584,
733, 892,) fo r issuing $250,000,000 5 per cent second m ortgage c o lla t
eral trust bonds fo r the retirem ent o f $200,000,000 preferred stock and
raising $50,000,000 additional w ork in g capital fo r the corporation and
its subsidiary companies, to be used as follow s: F o r the purpose o f
“ harm onizing” and in some cases m odernizing the plants, $25,000,000;
to pay fo r additions made during the preceding year, $15,000,000, and
fo r purchase m oney obligations incurred fo r properties acquired
shortly a fter organization (in 1901), $10,000,000. This w ill increase
the entire w orkin g capital to about $106,000,000. The preferred stock
holders to have the righ t to subscribe pro rata fo r the n ew bonds at
par, g iv in g in exchange $200,000,000 o f the preferred stock and $50,000,000 in cash. A sinking fund o f $1,010,000 annually, w ith accumu
lated interest, to provid e fo r the retirem ent o f the bonds. Th e plan
has been underwritten. The n ew capital is expected to add $10,000,000
to $15,000,000 to the earning pow er yearly, and w ill effect a saving o f
$1,500,000 in the charges ahead o f the common stock. The injunction
in the B erger suit restraining the conversion was vacated in Sept.,
1902. V. 75. p. 621, 687, 851.
Am erican Steamship bonds, see V. 74, p. 1146.
History of the principal properties, as given in Chronicle , may he
ascertained through index on page 166 of I n v . Su p . for April, 1902.
L a t e s t E a r n i n g s .— Statem ent fo r 9 months ending Sept. 30,1902,
in V. 75, p. 791, showed: N e t earnings, $101,142,158; int., sink, fund,
depreciation, etc., $24,454,105; div. on pref. (5*4 p. o.), $26,790,258;
div. on common (3 p. o.), $15,249,665; div. on outstanding stocks o f
subsidiary cos., $148; bal., sur., $34,647,982. See also V. 75, p. 139.
E a r n i n g s .— Fiscal year ends Dee. 31. R ep ort fo r the nine months
ending Deo. 31,1901 (Decem ber estim ated), w as given in fu ll in V.
74, p. 272 (see also editorial, p. 233). R ep ort fo r year ending Mar. 31,
1902, V. 74, p. 726, 985, showed: T o ta l net earnings, $111,067,195;
sinking funds and maintenance, $15,399,695; interest on bonds, $15,200,000; div. on pref. (7 p. c.), $35,682,832; div. on oo umon (4 p. o.).
$20,309,601; div. on outstanding stocks o f subsidiary cos,, $25,350;
bal., applicable to surplus, o r n ew construction, $24,449,717.
D IR E C TO R S.
To Fell., 1903.
To Feb.. 1903.
T o Feb. 1904.
Marshall Field.
J . P. M organ.
Francis H . Peabody,
Daniel G. Reid.
Charles Steele,
Federal Steel, c o m ............ ,.$46,481,300 Carnegie................................. $156,800,000 John D . Rockefeller,
J . D. Rockefeller Jr.,
W illiam H . Moore,
do
< p. c. p re f... 53,260.000 Am er. T in Plate, com........... 2*,000,000 H e n ry H . Rogers,
3
Alfred Clifford,
Norm an B. Iieam,
Charles M . Schwab,
do.
7 p.e. pref. 18,325,000
National Tabe, c o m ............ 40,000,000
Robert Bacon,
Peter A . B. Widener,
do
7 p . c. pref.. 40,000,000 A m e r. St. Hoop, com............. 19,000,000 E lbe rt H . Gary
Nathaniel Tha ye r,
James H . Reed,
do.
7 p. e. pref,. 14,000,000 Robert Bacon,
National Steel, com............... 83,000,000
A bra m S. H e w itt,
H e n ry C. Frick,
do
7 p. c. p re f... 2 7 ,000,000 Am er. Sheet St., com............ 34,500,000 Edm und C. Converse,
W illiam Eden bom.
Clement A . Grisoom.
do.
7 p. e. pref. 24,600,000 James Gayley,
Am ur. Bridge, com ............... 30,527,800
Officers .—President, Charles M . Schwab: First, VIce-Pres.. James G-avley;
do.
7 p .c jp re f... 30,627,800 L . Sop’o rCon. (.M in e s............29,425,940
Sec’y
.8,175,000 and Treas.. Richard Trim b le ; Com ptroller, W illiam J . Filbert.
Amer. St. & W ire, com .
, 50,000,000 Sheiby Steel Tube , com
Finance C o m m i t t e e .— G eo. W . Perking, Chairman; H e n ry H . Rogers, N o r
do
do
7 p. c. pf. 6,000,000
do.
do.
7 p.e.pref. 40.000,000
man B. Ream, P . A . B. Widener.
V. 72, p. 483; V.' 74, p. 273, 434, 991, 1042,
O ffice,71 B’ w ay, N ew Y o rk C it y .- (V . 75, p. 621,687,736, 7 9 1 , 851.)
V l r g l n i a - O a r o l l n a C l i e m i c a l C o .—o r g a n iz a t io n .—in corp o r
of about 8,500,000 tons of p ig Iron yearly, or o ver h alf that o f the ated on Sept. 12,1895, and has acquired m ost of the successful maunUnited States; 149 steel works and 6 finishing plants, Includ f actories o f com m ercial fertilizers from Balt, to A tla n ta and Savannah.
ing bar mills, structural steel and plate m ills, tin plate w orks, sheet, V, 68, p. 431; V. 69, p. 232,964; adv.ln C H R O N .M ar.4, ’ 99; V.72,p,444.
wire rod and nail mills, w ith an annual capacity o f about 9,000,000 See application show ing properties owned, etc., V. 72, p. 1186; V. 72,
tons of finished m aterial; 18,300 coke ovens; about 70 per cent of the p. 1191, 1285; V. 73, p. 137, 240; Y . 74, p. 942,1095; V. 75, p. 81, 140,
ore mines of the Lake Superior region, producing in 1900 12,724,900 406. The So. Cotton Oil Co., $9,991,050 o f whose $10,000,000 stock is
tons; 87,589 acres o f coal lands, about 30,000 acres o f surface lands In owned, operates the cotton oil properties owned by the Chemical Co.,
and also various outside properties. See V. 73, p. 240, 137,1365.
the coke region, and 112 lake vessels, etc. V. 72, p. 483,1038.
The output o f the company In 1901 is estimated (see V. 75. p. 565 and
St o c k .—T he stockholders vo ted on Ju ly 17,1901, to authorize an In
compare V. 75, p. 985) as about 62 to 68 p.o. of that o f the couutry, viz. crease in the common stock from $12,000,000 to $38,000,000, the new
F i n i s h e d P r o d u c t s —(Oonel.)
stock lo be issued fo r cotton oil, etc., proper ties, recen tly purchased,
Ou t p u t .
Gross tons.
O u tp u t.
G ro ts t o n $
■
and from tim e to tim e as required; outstanding July, 1902, $27,984,Irm o re .........................12,692,213
W ire ro d s...................... 1,059,859
Pig Iron........ .............. 6,803,988
400. V. 73, p. 36, 137; V. 75, p. 496.
B.-saemer s te e l............ 6,113,588 Bars, skelp, cut nails,
D iv id e n d s —(P .o .). . )
1896.
1897 lo Mar., 1902, inol.
1902.
open-hearth steel and
Open hearth s t e e l ...... 2,746,996
Com m on.......
Dec.. 1
4 yearly.
Sept, 1*4 qr.
iron rails, &o............... §1,324,393
Fi vtsiteu P roducts —
Preferred, 8 p .o ...) in fu ll to Oct., 1902, inclusive (paid Q.-J. 15).
Besnemer steel rails ... 1,719,076 W ire nails (kegs o f 100
C
11)8.).....................
6,446,938 o l l a t e r a l T ru st B onds .—T he bonds are secured by the $9,991,Structural shapes____
629,783
050 Southern Cotton Oil stock owned and nil or nearly all o f the stock
Plates and sheets......... 1,456,89 7
o f the Charleston M in ing & M anufacturing Co. The proceeds w ere
In June, 1901, a m ajority o f the capital stock o f the Shelby Tube Co. used to restore o ver $8,300,000 cash taken from working capital on
was purchased on terms V. 73, p 34.9; V. 72, p, 1285; V. 73, p. 86. (Joke account o f recen t acquisitions and to provide about $3,500,000 still
properties, V. 73, p. 290. (n .Jan,, 1902, 50,000 anros o f coal lands due for the properties acquired. V. 75, p. 140, 687,
were leased by constituent companies from the Pocahontas Coal <
to
Report fo r year ending June 14, 1902, with balauoe sheet, in V. 75.
Coke Co. on a royalty basis, on which w ill bo erected at least .3,000 p. 75, 406, showed net earnings. $3(481,384; div. on pref. (8 p. o . ) ,
modern coke, ovens, with a capacity of at leant, 1,500,000 tons o f coke. $060,000; div. on com. (4 p, o.), $869,640; bal., sur., $1,651,735.
V. 74, p, 52, 274. A llia n ce with Allls-Ohal triers (Jo., V. 74, p. 271.
O f k i c i e e h . P re side nt, H. T . M o rg a n ; S e c re ta ry , 8, I). C re n s h a w ;
President Se.hwah’s|estimate o f valu e o f property was In V, 75, p. 189,
Treas., B, W. Travers, Richmond, Va. (V. 75, p. 19 0 . 687, 736.)
KTuei. - o r the $550,000,000 each of common and preferred stock,
$510,861,300 preferred and $503,511.200 common were issuable to
V i r g i n i a I r o w C o n i Ac C o k e C o —Bee page 173.
accptlre the stocks of the constituent, companies above, named, aggre
W a r w i c k I r o n A S t e e l.—V. 73, p. 915; V. 74, p. 434, 893*
gating $252,613,700 preferred and $307,409,100 co m m o n , and to
supply working capital, the new collateral trust bonds being also l«
A C o . (Itx ■ ■ f .
W e l l * F n r „ . ______|____ p r e n ■t ) t — in c o rp o ra te d u n d e r the la w s
kned in connection with the purchase o f the Carnegie Company, *n or Colorado February ft, 1866. On January 1, 1902. operated on
Deo., 1901, practically all of the old stocks had been acquired.
36.150 miles of railroad. 1,352 miles Of stage and 5,574 m iles of
A m to proposed retirement, o f $200,000,000 preferred stock by ex
steamer routes; total, 43,052 miles.
Dividends of -i per cent, yearly
change for new second m ortgage bonds, neo Bonds below. Large
wore paid for many years, but the semi annual dividend paid in July.
stockholders May, 1902, V. 75, j>, 81.
1894, was reduced to 3 p. e.; 1805, to July, 1002, 6 )>. o. yearly (3 J.A.J).
and In Jun., 1902, 2 p. e. extra; In July, 1002, ! p.e. extra, Chair
D iv id e n d s -Dividends on preferred, la* p. o,, quarterly, paid Any,,
man o f Execu tive CommUtee, K. H. Hurrinmu. Directors Oct., 1002,
1(101, to Nov., 1902, inol. On common, i p. c,, quarterly, Hep*.., 1901,
V. 75, p. 621,803. (V. 74, p. 101; V. 75, p. 021.803.)
to Dec,, 1902, Inol.
P roperties O wned .—The properties ow ned are described unoffi
cially Jn a general w ay as follow s: 75 blast furnaces, w ith a capacity
INVESTORS’ SUPPLEMENT,
168
[V ol . LX X V .
Bonus—P rin ci
IN T E R E S T OB D IV ID E N D 3 .
D ate Size, or
pal, WhenDue.
A m ount
of
Par.
Rate per When W here P ayable, and by Stocks— Last
F o r explanation o f column headings, &o., see note on
Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
first page o f tables.
M IS C E LLA N E O U S .
V irg in ia -C a ro lin a Chemical—Stock, com., $38,000,000.
Pref. (also as to assets) 8 p. c., cum., $12,000,000.........
Coll, trust M., g., s. f., $500,000 y ’ly beg. 1904, re d —
V irg in ia Ir o n Coal <6 Coke—U n derlying bonds (see tex t)
Va. Iron Coal & Coke. 1st M., g., $10,000,000 M a ... c *
Va. & Southwestern B y., 1st M., $2,000,000, gold, guar
Wells, Fargo < Co.—Stock....................................................
&
Welsbach Oo.—Coll. trust mort., gold, $7,000,000, s. f ......
Westchester L ig h tin g —1st M., $10,000,000, g o ld -C o l...o *
Western Gas—Stock $4,000,000.........................................
M ilw . Gas-Light, 1st M., g., $10,0i)0,000, red. a t llO .C e
West. Telephone & Telearaph—Com. stock, $16,000,000...
P ref. stock. $16,000,000, 6 p. e., cum. after 2 ye a rs,...
Collateral trust gold bonds, $10,000,000 O B ............ c*
Western Transit Co.—Bonds, gu. b y N. Y . C. ext. in 1894.
Western U nion Telegraphs-Stock........................................
Collateral Trust b o n d s .M e .......................................... c*
Fund’g and real estate m ort., $20,000,000, g o ld .F .c & r
Westinghouse A i r Brake—Stock, $ll,OO0,OO0...................
Weslinghouse Flee. & M fg .— Assent, stock (V. 7 1, p. 1274)
First pref. ($4,000,000) stock, 7 p.c., cum. (see rem arks).
Debenture certificates, $3,500,000, gold (see tex t) .M e
W alker Co. 1st m ortgage (see t e x t )....................
—
Weslinghouse Machine—$5,000,000 (to be all one k ind)...
M ortgage, subject to call in 1905..................................
N ew debentures, $1,500,000, gold
..........................
W estingh F ’ ndry, 1st M., gu., due $50,000 y ’ ly,b eg.’ 07
1902
1899
1902
1900
1900
1902
1902
1884
1888
1900
1898
1898
....
1899
1902
$100 $27,984,400 ' See text.
100 12,000,000 8 in 1902
7.000. 000
685.000
1,000
7.300.000
5 g.
1,000
1.000. 000
5 g.
100
8.000,000 9 in 1902
6,574,490
100 Ao.
5 g.
1,000
3.990.000
5 g.
100
4.000. 000 in 1902
6
1,000
6.000. 000
4 g.
100 16,000,000
100 16,000,000
1,000
9.781.000
5 g.
1,000
1.500.000
4L2
100 97,340,504 5 in 1902
1,000
8.504.000
5
1,000Ac 13.000. 000
g.
50 11.000. 000 24 in ’02
50 14,016,551 See text.
50
3,997,450 7 in 1902
1,000
3.200.000
5 g.
1,000
850.000
6 g.
50
3,000,000 ;6 in 1901
6
350.000
i See text.
5 g.
i _ 1,000,000
_
5
W e l s b a c l i C o .—See p age 174.
W e s t c h e s t e r L i g h t i n g . —See page 174.
W e s t e r n G a s C o . ( M i l w a u k e e ) . —O rgan izedin 1893 under the
law s o f N ew Y ork . Owns entire capital stock o f M ilw aukee Gas L igh t
Co. See statem ent to N. Y . Stook E xchange in M ay, 1897, in V. 64, p.
1182. In Oct., 1902, 80 per cent o f the stock had received in e x
change per $100 share $100 in p referred and $30 in common stook
o f the A m erican L igh t & Traotion Co. V. 72, p 725. See that com
pany. N e t earnings in 1901, $486,062; in 1900, $492,820; in 1899,
$469,474. The M ilwaukee Gas 4s, dated M ay 1,1902, are secured by
a direct lien on a ll the property o f that company; $100,000 are re
served to pay o ff a real estate m ortgage and $3,900,000 fo r issue from
tim e to tim e at the rate o f 80 p. c. o f the cost o f extensions and im
provements. V . 74, p. 482, 530, 1199.—(V.74, p. 385, 482.1
W e s t e r n T e l e p h o n e & T e l e g r a p h C o .—Owns 77 per cent
o f the Cleveland Telephone Co., 82 p er oent o f the N orthw estern Tele
phone Exchange Co. and 83 per cent o f the Southwestern T e le
graph & Telephone Co., also controlling interest in the Michigan Tel. Co.,
81 p e rc e n t o f the W isconsin Telephone Co. and 88 per cent o f the
Postal T elegraph Cable Co. These companies operate in Ohio, M inne
sota, North ana South Dakota, Texas, Arkansas, Michigan and W is
consin, under licenses from Am . B ell Co., which owns the balance o f
the stock o f the three first named.
Organization —Incorporated in N. J. on Jan. 22,1902, and purchased,
per plan in V. 73, p. 1359, and V. 74. p. 42, all the assets o f the E rie
Telegraph & Telephone Co. V. 74, p. 271, bankrupt but not foreclosed.
The A m erican (B ell) Telephone & T elegraph Co. owns control
D ivid end s .— 1st div. on pref. 2 p. c., paid Aug. 30,1902. V. 75, p.348.
B onds .—A ll the old bonds except $206,000 w ere retired; $219,000
new bonds are reserved to retire balance as deposited from tim e
to time. Th e new bonds are secured b y a ll the stock and bonds owned.
See list, V. 74, p. 893. Bonds o f proprietary com panies:
Mich. Teleph. 1st fis, due 1917, $285,000; do th irty-ye a r consol, gold 5s, due
Ja n . 1, l»2i). Old Colony T ru s t Co., Boston, trustee, $4,715,000; D etroit Te le
phone (authorized issue $l,ooo,00o) 1st 25-year gold 6s. due Feb. 1. 1922, $600 ,000. guar. prin. and interest, by Mich. T e l. Co., Central T ru s t Co., N .Y ., trustee,
sinking f und begin rin g 19u2; $1,189 000 Postal Telegraph-Cable Co. of Texas
30-year gold 5s, due Jan. l, 1928, interest guaranteed by Erie Co., also sinking
fund (sufficient to retire bonds at m aturity) under contract of M ay, 1900.
As to defau lt on M ichigan Telephone bonds, see V. 75, p. 33,293, 851;
on D etro it Telephone bonds. V. 75, p. 293, 613.
R e p o r t .— R ep ort o f form er company fo r 1899 in V.70, p. 1093,1100.
Office, 125 M ilk St., Boston, Mass.—(V. 74, p. 893; V. 75, p. 33,348, 803.
W e s t e r n T r a n s i t C o .—Owns piers in Buffalo, N. Y ., fleet o f 14
steamers and also barges used on the G reat Lakes. Has valuable real
estate in Buffalo. The N. Y . Central owns its $1,000,000 capital stock.
W e s t e r n U n i o n T e l e g r a p h . —Organized under the laws o f N ew
Y o rk State as the N. Y. & Mississippi V a lley P rin tin g Telegraph Co.,
on A p ril 2,1851, and name changed in 1856. On Jan. 19, 1881, was
dated the grand consolidation, in which the W estern Union raised
its stook to $80,000,000, g iv in g par, or $15,000,000, fo r the stook and
bonds o f the Am erican Union, 60 per oent in n ew West. Un. fo r
A t. & Pao. stook and a stock distribution o f 48 ^ p. o. to W est. Union
shareholders, 10 p. c. o f w hich fo r A . & P. stock owned b y W . U. and
38 hi p. o. fo r surplus earnings expended on the W . U. property.
In 1892 the stockholders voted to increase the stock from $86,200,000 to $100,000,000, o f w hich $8,620,148 was then paid as scrip div.
to represent surplus earnings expended on the property.
D iv id end s .—
) ’ 87. ’ 88. ’ 89. ’90. ’ 91.
’92. ’9 3 to Oot.,’02,inoL
S in c e ’ 86, p. o.. 5 2 5
5 5%
5 15(10so.) 5% (1% Q—J.)
B onds .—On June 30, 1901, the fo llow in g stocks (par value) w ere
pledged fo r the collateral trust bonds: Gold & Stock Telegraph, $1,111,800; Internat. Ocean Tel., $1,961,500; N. Y . Mutual Tel., $2,385,700; and bonds, Mutual Un. Tel., 6s, $3,043,000.
The funding and real estate 4^8 o f 1900 are secured upon real
estate in N ew York and Chicago and provid e fo r the $6,800,000 o f 6s
and 7s due in 1900 and 1902, construction, eto. In the even t o f a
m ortgage being placed upon any part o f the system, they w ill be g iv en
a prior lien thereunder. V . 70, p. 384, 1203; V. 71, p.750; V. 74, p. 785.
L eased Companies .—U nder leases the company aside from other
rentals pays interest and dividends as below. On June 30,1901, the
company owned the fo llo w in g stocks o f the several issues included
below as outstanding: Franklin Teh, $632,900; Gold & Stook Tel.,
1,443,800; Int. Ocean Tel., $23,100; 111. & Mississippi Tel., $100,350;
aciiic & A t. Tel., $1,458,125; Southern & A t., $390,475.
Lease
In t. o r div.
Bonds
Company, <tc.
. expires.
Am ount.
% Period, m ature.
Am. Tel. & Cable stook.
1932 $14,000,000 5
Q—M No bonds.
Oh. & Northw. Tel. stk.
1904
100,000
1st mort., int. gu ar..................
1100,000 6
M AS Sept.1,1904
300.000 4
E m p ireA B ay State, st’k
1989
Q—M N o bonds.
Franklin Tel. stock......
1975
a267,100 2 ^ M A N No bonds.
q - j ..................
Gold & Stock Tel. stook.Jan.,1981 b2,444,400 6
500.000 4*2 M A N M ay 1,1905
Bonds $500, not mort.
Illin ois & Miss. T e l . perpetual. c l , 830,145 4
JA J
None.
Intern.Ocean Tel.stook, Jan.,1981 d l , 015,400 6
Q — J No bonds.
e l 14,300
N.Y.M ut.Tel.stoek($25) Feb., 1982
f l , 957,000 6g. M A N M ay, 1911
Mutual Un. Tel. 1st ..
2.500.000 6
Northw. Tel. stk. ($50).My7,1980
J A J ..................
1.180.000 7
1st mort. int. gu ar___
J A J Jan., 1904
Pao. A A tl. stock ($25). 99 years
g541,875 4
J A .I No bonds.
1*558,400 5
Sou. A A tl. stook ($25).999 years
A AO No bonds.
A lso owns d irectly or through collateral trust, viz.: a $632,900;
to $2,555,600; C$100,350; d $1,984,600; e $2,385,700; f $3,043,000;
S $1,458,125; l i $390,475; I $40,000.
f
Q .-M .
Q - J . 15
Richmond, Va.
do
do
8eu .l,’02.141%
Oct. 15,’ 02,2%
S.
J.
J.
D.
D.
J.
N.
See text.
In t’ st from Jan. 1, ’ 03
N. Y., Office. 63 B ’way.
Phil. P rov. L. A Tr. Co.
N. Y , Colonial Tr. Co.
Checks mailed.
Company’s office.
Mch. 1, 1949
2002
July 15,’ 02,4%
June 1, 1930
Dec. 1. 1950
July 21,’ 02,3%
M ay 1, 1927
J. A J.
F. A A.
Q .-J .
J. A J.
M. A N.
Q .- J .
Q .- F .
Q -J J. A J.
J. A J.
Q .- J .
J. A D.
J. A D.
M. A N.
Old Col. Tr. Co., Boston.
N. Y ., Grand Cent. Stat’n
N. Y., Office, 195 B ’way.
do
do
N ew York.
Pittsburg, Pa.
N. Y ., Office, 120 B’w ay
do
do
N Y . Merc. Trust Co.
N. Y ., Central Tr. Co.
M. &
J. &
J. A
J. &
J. A
J. A
M. A
Aug. 30 JO 2,2%
*
Jan. 1, 1932
Feb. 1, 1903
Oct 15,’0 2 ,li4
Jan. 1, 1938
M ay 1, 1950
Oct. 10,’02, 6%
Aug. 15,’02,1%
Oct. 1, ’02, 1%
1913
Jan. 1, 1916
July 10,’0 2 ,1 ^
1914
F id .Tit.A Tr.C o. Pittsb.
1919
do
do
M ay, 1907-27
L atest E arnings .—B evenue fo r 3 mos. ending Sept. 3 0,1902:
3 Months—
Net revenue.
Interest.
Dividends.
Bat. sur.
1902 p artly est.) ...$2,100,000
$252,550$1,217,110
$630,340
1901 (a c tu a l)......... 1,949,316
239,040 1,217,005
493,271
T o ta l surplus Sept. 30,1902 (estim ated), $11,381,343.
a n n u a l B eport .—B eport fo r 1901-02 was in V. 75, p. 792.
1901-02.
1900-01.
1899-00.
1898-99.
Year ending June 30.
$
$
$
$
Kevenues fo r the y e a r.. -.28,073,095 26,354,151 24,758,570 23,954,312
O per.exp’s,rent. .t’ xes.Ao.20,780,766 19.668,903 18.593.206 18.085.579
B e m a in d e r................ 7,292,329 6,685,248 6.165.364 5.868,733
Dividends paid................ 4,868,031 4,868,007 4,867,984 4,867,949
In terest on bonds...........
992,580
956,160
896,306
897,092
Sinking funds................
.......
.... ........
9,797 .............
Surplus..................... 1,431,717
861,080
391,277
103,692
Miles o f M iles o f No. o f
Y ear. PolesA C ’b l’s. W ire. Offices. Messages.
Beoelpts.
Profits.
1866-67... 46,270
85,291 2,565 5,879,282 $6,568,925 $2,624,919
1879-80... 85,645 233,534 9,077 29,215,509 12,782,894 5,833,937
1892-93...189,936 769,20121,078 66,591,858 24,978,443 7,496,037
190001.-193,589
972,766 23,238 65,657,049 26,314.150 6,685,248
190102... 196,115 1,029,984 23,567 69,374,883 28,073,095 7,292,329
Office, 195 B roadw ay, N e w Y o rk City.— (V. 75, p. 294, 565, 7 9 2 , 803
W e s t i n g h o u s e A i r B r a k e . —Organization , E tc.—A Penn
sylvania corporation. V. 67, p. 843, 1065. Stock form erly $5,000,000 (par $50) was increased to $11,000,000 in July, 1898$5,000,000 being distributed among stockholders as a 100 per cent
stook dividend (V. 67, p. 128; see also V. 66, p. 955; V. 67, p. 1044).
U p to 1898 dividends o f 20 per cent per annum had been paid fo r some
years. In 1899, Jan., 5 p. c.; A pr., 5 p. o.; July, 5 p. e.; Oct., 10 p. o.,
in 1900, 7*2 p. o. each, ciuarterfy (Q.-J.) incl. 5 extra; since to Oct.,
1902, 6 p. c. quarterly, inch 3H extra. A s to litigation with N. Y . A ir
Brake Co., see V. 69, p. 181, 442; V. 70, p. 636; V. 73, p. 1365. B e
p ort fo r year ending Ju ly 31,1902, was in V 75, p 803, showing:
Gross, $8,559,503; eost o f operation and other expenses, $5,630,808;
net profits, $2,928,695; div. (24%), $2,634,468; bal.. sur., $294,227.
— (V. 72, p. 1039; V. 73, p. 7 2 2 , 8 4 2 ,1 3 6 5 ; V. 75, p. 803.)
W e s t i n g h o u s e E le c t r i c & M a n u f a c t u r i n g C o .—Organiza *
Tion .—A Pennsylvania corporation m anufacturing and selling a gen
eral line o f appliances used in the com m ercial applications o f elec
tric ity fo r ligh ting and pow er purposes. Statem ent to N. Y . Stock
Exehange was in V. 54, p. 763. The company owns exclusive rights
to the Tesla patents on altern atin g currents.—V. 61, p .2 5,153. In
March, 1896, an agreem ent was made w ith the General E lectrio Co.
fo r pooling patents. See V. 62, p. 502, 635, 1040; V. 68, p. 1024.
In Sept., 1898, purchased substantially entire capital stook and all
but $850,000 o f the $2,500,000 20-yr. bonds o f W alker Co. B y au ar
rangem ent then made, the $850,000 bonds are secured b y a tirst and
the $1,650,000 bonds held b y the W estinghouse Co. by a second m ort
gage. V. 68, p. 87. A s to British Co., see V. 69, p. 232, 802; V. 73, p.
1114. Traotion & P o w er Securities Co., Lim ited, and Sooiete Anonym e Westinghouse, see V. 73, p. 1318.
Ca p it a l Stock , Etc.—Stock authorized is $25,000,000, inoreased
from $15,000,000 in Feb , 1901, $3,000,000 o f the new stook being
sold to stockholders at $55 per $50 share. V 72, p. 631. The first
preference stock carries cum ulative dividends o f 7 per oent per an
num, w ith right to participate equally w ith other stook a fter the same
shall have received 7 per oent, and preferential as to principal. See
w ording of preferred certificate in editorial o f M ay, 1893, Supplement
Th ere is $11,525 o f old non-assenting stock.
A s to the debenture certificates o f 1898 see V. 67, p. 324, 691
Siuking fund o f $150,000 yea rly from 1900 to pay off debentures at
105, to be drawu b y lot. No lien is to be placed on property without
providing fo r debentures. V. 67, p. 1112.
Dividends .—On pref. Feb., 1892, to Oot., 1902, inol., 7 p. o. per an.
D ividends on assenting stook, Feb., 1900,1% p. c.; May, 1900, to May,
1901, inclusive (6p. o. per an.), I L j p .o. quarterly; Aug., 1901, to Aug.,
1902, inol., 7 p. o. yea rly (1% p. o. Q F).
A nnual B eport .—Fiscal year ends March 31. N e t shipments In
1899-1900 (la rgely exceeded in 1900-01), $11,963,646; in 1893-9, $6,901,760; in 1897 8, $4,378,060; surplus, balance, lleo. 31. 1900, $4,693.197, a fter w ritin g o ff from current earnings, $2,786,719, and in
addition was paid interest, $891,293; dividends, $1,654,635.—(V. 69,
p. 232. Balanoe sheet Ju ly 31.1899. V. 69. p. 694.
Directors .—Brayton Iv e s (Chairman o f the B oard), Charles Francis
Adams, Ph. Ferd Kobb6, August Belmont, A. N. Brady, N. W. Bumstead, Frank H. T a ylor, H. H. Westinghouse, G. W. Hebard. James H.
H yde, Brayton Ives, Geo. O. Smith and George Westinghouse. Presi
dent, George Westinghouse; Vice-Presidents. Frank H Taylor, Ph.
Ferd. Kobb6 and L. A. Osborne: Treas., T. W. Siemon; Hecy , Charles
A. Terry. N. Y. office is at 120 Broadw ay.—(Y. 74, p. 101, 942,1095.)
A V e s t ln jjh o u s e M a c h i n e C o .— Organization , E tc .—A Pennsyl
vania corporation m anufacturing gas engines, etc., under Westing
house patents. Stook authorized to be inoreased from $3,000,000 to
$5,000,000 in Jan., 1902, form erly p art preferred, but to be all of
one kind. V. 74, p. 101. P a r value o f shares, $50. Dividends have
been paid since about 1895. Dividends on common and preferred.
July, 1900, to July, 1902. both inclusive, 6 p. o. yearly (Q -J 1 Th®
W estinghouse Foundry Co. is bu ilding 25 miles south o f Pittsburg.
V 75, p. 398.
B o n d s .—O f the $1,500,000 5 p. o. gold debentures, $350,000 reserved
to retire 6 per cents due 1914, and balanoe to build a steel foundry and
fo rg in g plant at E ast Pittsburg, having a daily capacity o f 80 tons « f
steel castings and forgings. V. 69, p. 854. (See also V. 69, p. 802.)
V. 69, p.1252. President, G eorge W estinghouse; Seoy., T. J. Brown.
Office, 25th St. and L ib e rty A re ., East Pittsburg, Pa .—(V. 75, p. 399.)
OCTOBER,
1902.]
MISCELLANEOUS STOCKS AND .BONDS
A l b e m a r l e < C b e s . C a n a l . —Owns oanal betw een Chesapeake
fc
Bay and A lbem arle Sound, 14 miles. Stock is $558,200 ($100 shares).
D ividends in 1893-96 each l* o p . o. yearly; in 1897, none; in Feb.,
1898, Ha p. c.; none since. Bonds, $500,OoO 1st M. 7s, due Julv, 1909.
In N ov., 1901, a large nu nber o f bonds had been deposited w ith a p ro
tective com m ittee with a v ie w to a reduction in the in terest rate, but
a ll ooupons wer.-i paid in fu ll to Jan., 1902; the Ju ly, 1902, coupon is
unpaid See report, V. 74, t>. 92; V. 72, p. 1035. In 1900-1, gross,
$51,905; net, $33,417. In 1899-0, gross, $35,539; net. $16,512. Pres.,
W arren 6 . E lliott. Office, N orfolk, Va.—(V. 74, p. 9 2 ; V . 75, p. 795.)
A m e r i c a n A l k a l i . —See Su p . fo r J u ly,1902, and V. 75, p. 550,612A m e r i c a n C e m e n t .—A consolidation in 1899; in corporated in
N. J. Prospectus, V. 69, p. 1249. Stock, $2,000,000. F irst div. fo r 4
mos. to Deo. 31, 1899,3 p. c., paidJan., 1900: July, 1900,to July, 1902,
both incl. 8 p. c. ye a rly (2 extra ). Earnings fo r h alf-year ending June
30, 1902, V. 75, p. 31. R ep ort fo r year ending Dec. 31, 1901, V. 74, p.
1305. Bonds, $895,000 1st m ort. and coll. tr. gold 5s, due Oct. 1,1914,
8. f. $30,000 y e a rly ; int. A . & O. at Q-irard Trust Co., Philadelphia,
trustee. Pres., Robt. W. Lesley; Treas., F red ’k J. Jiggens, 24 So. 15th
8t„ Ph ila.—(V. 71, p. 180; Y. 72, p. 6 7 2 ; Y . 75, p. 31.)
I6»
capital stock o f the fo llo w in g companies supplying gas to the city o f
Boston: B ay State o f Mass.; Boston Gaslight, R oxb u ry Gaslight and
8outh Boston Gaslight. The stocks o f these fou r o peratin g companies
w ere pledged to secure the bonds below mentioned, but their votin g
pow er was acquired in N ov., 1897, fo r N e w England Gas & Coke Go.—
which see on a preceding p age—also V. 65, p. 1221: V. 68, p. 1179.
Assets Feb., 1898, V. 70, p. 843. See table on a preceding page. On
July 7, 1902, Geo. D. H allock o f Plainfield, N. J., was appointed
receiver o f the N ew Jersey company, the interest and sinking fund
paym ents being in default. V. 75, p. 79, 796.
In October, 1902, 95 per cent o f 1st series and 85 per ct. o f 2d series
bonds w ere deposited w ith the fo llo w in g com m ittees:
F irs t series Bos. Un. Oas bonds.—B row n Bros. & Co. and V erm ilye &
Co. Depositary, M ercantile Trust Co., N .Y . Y . 74, p. 1303; V.75, p. 79.
Second series.—H en ry B D ay, Chairman. Depositaries, M ercantile
Trust C o.,N .Y ., and Old Colony Tr. Co., Bos. V.74,p. 1309; V.75,p. 79.
Stock .—Stock (par $50) increased from $5,000,000 to $15,000,000 In
Ootober, 1895, to $50,000,000 in 1897 ; in 1902, reported as various
amounts, ranging from $100,000,000 to $160,000,000. See V. 68, p.
84, 1179. Authorized amount stated as $1,000,000,000.
B onds.—“ Boston U nited Gas” m ortgage o f 1889 w as issued by the
B. 8. Gas Co. o f N e w Jersey and guaranteed b y the D elaw are com
pany. See table on p age 153. Y . 67, p. 221; Y . 68, p. 84; V. 70,p. 688.
Earnings—Reports o f operatin g companies sn ow ed:
Tear—
Gross.
Net.
Dividends.
Balance.
1901-02............ $2,122,910
$426,836
$279,800
sur. $147,036
A m e r i c a n I r o n & S te e l M a n u f a c t u r i n g . —In A u g., 1899, ab 1900-01............ 1,996,786
def.
80,822
495,378
576,200
sorbed properties at R eadin g and Lebanon, Pa. See list in state
A s the B ay State Gas Co. owns praotieally all o f the stock o f the
ment o f A p ril 30,1900. Y . 71, p. 180. In 1901 the N orth Reading operating companies, th eir dividends and also th eir surplus as above
W orks w ere sold. V. 74, p. 576. Stock, common, $17,000,000, $5 (these items together a gg reg atin g $426,836 in 1901-02, agst. $495,378)
per share paid in; pref., 5 p. c. cum., $3,000,000, fu ll paid; par o f m ay be treated as incom e o f the B ay State Company. In terest on the
shares, $50. D ividends on pref., Jan., 1900, 123 p. c.; A p r., 1900, to latter’ s first m ortgage calls fo r $407,975; in terest on sinking fund,
Oot., *02,1^4 P- c., Q.-J. On com., Jan., 1900, 50 cts. per share; M ay $90,000; in terest on 2d m ortgage. $150,000; to! al, $647,975.
31, 50 cts.; 1901, Jan., 25 cts.; M ay, 15 cts ; Sept., 15 cts; 1902, Jan.
President (July, 1902), J. Frank A llee, W ilm ington, Del.— (V. 74, p.
2 9 ,15 cts.; M ay 28,15 cts. No bonds. R ep ort fo r y ea r ending Dec. 31, 1357; Y . 75, p. 31, 79, 137, 795.)
1901, in V. 74, p. 576, showed ; Profits o ver renew als, etc., $521,318;
B o s t o n & M o n t . C o n s o l. M i n . —(Y. 74, p. 579, 886.)
div. on pref. (5 p. c.), $150,000; div. on com. (55 cts. per share), $187,000; bal., sur., $184,318. Office, Lebanon, Pa.— (V. 74, p. 576.)
B r u n s w i c k (G a .) B o c k & I m p r o v e m e n t C o .—Successor to
Brunswick C o.reorg. p er plan in V . 65, p. 326; see also V . 66, p. 1034.
A m e r ic a n
L i g k t & T r a c t i o n C o ,—O r g a n iz a t io n .—I ncor President, H en ry E. H ow lan d, 35 W a ll St.; Sec. and Treas., G. A .
porated in N e w Jersey in A p ril. 1901, by; Emerson M cM illin and asso K raetzer. Jr., 142 P e a r l St., N . Y .—V . 68, p. 1022.
ciates to bring under closer control th eir lig h tin g and traction com
C a n t o n C o m p a n y . —See St o p , o f A pr., 1897, and V . 70, 794,1251;
panies p er term s in Y . 72, p. 724, 871, 987; V. 73, p. 235, and V. 75, p.
343. The fo llo w in g interest has been acquired in companies whose Y . 71, p. 1222; Y . 72, p. 823; V. 75, p. 292.
capitalization is as belo w in d ic a te d :
C e n t r a l U n i o n T e l e p h o n e ( C h i c a g o ) . —This com pany controls
e B e ll Telephone business in Indiana, in Ohio w ith the exception o f
Tot. stock Owned by A m er. Outsrand’g
Issued. L t .& T r a c .G o .
eveland and Cincinnati, and in Illin o is exceptin g Cook and four other
bonus.
W estern (M il.) Gas Co..........$4.0 jO.OQO
isO'OB%
$6,00 >,000 V . 71, p. 482. counties. A m a jo rity o f the stock is held b y A m er. (B ell) Telephone &
G ’d Rap. (M ich.) Gas L t . Co, 1,000,000
97-56S5
1,225,000 V . 64, p. 062. Teleg. Co. Subscribers Mar. 1,1902,104,282. In Oot., 1901, the out
Aladis’n (W is .iG a s & E lc .C o . 400,000
94 78*
450,0001 S e e page
St. Joseph (Mo, Gas Co . .. 1,000,000
97-69*
752,000 ! 176 of IN - standing stock was reduced one h a lf, to $3,481,500, and the author
St. Pam (M inn.) Gas L t . Co. 1,500,000
97-60*
x3 ,881.000 f V E S T O B S’ ized amount increased to $10,000,000; $3,481,500 o f the n ew stock
Birigh’m !n (N .T .)G a s Wor&s 450,000
93-78*
528,000J StTPPLEM’T. bein g sold to stockholders at par, the proceeds to be used fo r im rove
Consol. Gas Co. of N . J . . . . . . 1,000,000
81-67*
971,000 Y . 75, p. 314. meats, Y . 73, p. 901. See circular, Y . 72, p. 1190; V 73, p. 618.
Jackson (M ich.) Gas
_
_
250,000
(?)
310,060 V . 75. p. 55 J.
O f the $6,000,000 10-20-year gold consol. 5s due Jan. l , 1919 (Old
Southern (San A n to n io ,)
06-35*
1,985,000 | SlJP.,Sp
r.'80.Y ' Colony Trust Co. o f Boston, trustee), $2,500,000 are reserved fo r 1st
T e x .) L ig h t & Tra ct. Go. j 1,805,000
8s subject to call a t 105 a fter Ju ly 1,1908 (111. Trust & Savings Bank,
trustee). Y . 73, p. 44 6 ; V. 68, p. 379, 472, 570; Y . 71, p. 86. See
x S e e also $750,000 St. C ro ix Power Co. guaranteed bonds, V . 73, p. 1014.
Stock authorized, common, $15,000,000; pref. 6 p. 0. cum., $25,- also advertisem ent in C h r o n i c l e o f Mar. 25, 1899. In Mar,, 1902,
000,000, o f which $8,570,800 preferred and $4,444,400 common are purchased N e w H arrison Telephone Co. o f Toledo, O., assuming $100.R
outstanding. These issues o f stocks paid fo r the stocks acquired, and 000 bonds. V. 74, p, 682.net, ep ort fo r 1901 in V, 74, p. 828, showed,
gross earns., $2,584,788;
$611,288; interest, $386,762; bal., sur..
provided to A u g., 1902, $1,917,600 cash w ork in g capital.
First- qu arterly dividend on preferred, H # per cent, paid Dec. 2, $224,526. Pres., John I. Sabin.— (V. 74, p. 153, 429, 682, 8 2 8 .)
1901; in 19.)2, 6 p er cent (paid Q.—F). Bonds o f the constituent
C h e s a p e a k e & D e l a w a r e C a n a l, —Owns canal from D elaw are
properties aggregatin g $15,794,000, see Y . 72, p. 724; see also V. 73, C ity to Chesapeake City, Mid, In June, 1893, bondholders w ere asked
p. 1013; Y . 75, p 343. F or ye a r ending June 30, 1902, net, $828,732; to accept 4 per cent in terest (in place o f 5 per cent) until eontingent
div, on pref., $457,015; bal., sur., $371,717. President, Emerson M c fund, reduced to $49,613, should again amount to $100,000. Bonds,
M illin; General Counsel and Secretary, W . F. D outh irt; Treasurer. $2,602,950 (extended in 1886); due Ju ly 1,1916; int. J & J. In terest
H . B. Wilson, Directors, V. 73, p. 235.—(Y. 75, p. 31, 343, 550.)
is payable at the office in Philadelphia. F o r y e a r ending M ay 31,
1902, gross receipts w ere $136,834; m aintenance o f oanal, $43,703;
A m e r i c a n S e w e r P i p e C o ,—O r g a n i z a t i o n .— Incorporated in net, $93,131; interest charges, $104,118; deficit, taken from contin
N ew Jersey on Feb, 17, 1900, as A m erican Clay M fg. Co. as a con
solidation of 27 vitrified drain-pipe plants said to control from 80 to 85 gen t fund, $10,986. Stock, $1,903,238; par, $50. President, Joseph E.
per cent of the industry, and name changed, Feb. 1,1901. F o r list, Gillingham . Office, 528 W alnut St., Philadelphia.— (V. 69, p. 26.)
C h i c a g o P n e u m a t i c T o o l C o . —O r g a n i z a t i o n .— In corporated
etc., see V. 70,.p. 482, 688, 874. The bonds are subject to call a t 105
and in terest up to $100,000 y early a fter Mar, 1,1901. See official state in N e w Jersey on Dec. 28, 1901, and took o ver the Chicago Pneu
ment Y. 70, p, 688.
Stock authorized, $10,000,000; outstanding, m atic T o o l Co., B oyer Machine Co. o f D etroit, T a ite -S o w ard Pneu
matic T o ol Co., England, Standard Pn eu m atic T o o l o f Aurora, 111., etc.
$7,795, 7( 0; par, $100.
(
acquired
the output
Orr-ic e us.—President, Ulysses D. Eddy, N e w Y o rk ; S ecretary> The propertiesm achineryare supposed to control about h alf 1902, pur
of pneum atic
in the U nited States. In June,
Thomas D. Brow n, N ew Brighton, Pa.; Treasurer, W. B. G-oucher, chased In tern ation al Pneum atic T o o l Co., Lim ited, o f London. V. 74,
New Y ork . Office, Pittsbu rg, Pa.— (V. 72, p. 874; V . 74, p. 96.)
p. 1310.
Stock authorized, $7,500,000, all o f one kind; present issue, $5,300,A m e r i c a n S o d a F o u n t a i n . —F o rm e d in ’ 91 in N.J.—V .6 6 ,p.38 2.
Stock outstanding: Common, $1,250,000; 1st pref., 6 per cent, cum., 000. D ividends on pref., 2 p.c. quarterly, paid A p ril to Oct., 1902, both
inclusive Bonds, $2,500,000 first 20-year gold 5s,($1,000 each) due
$1,260,000; 2nd pref., 8 per cent, cum., $1,250,000; par, $100.
, at Nat.
Bank,
Deo.
J.
D i v i o nuns.—On pref erred in fu ll to N o v.,1896, inch; in 1897 to 1899 N. Y .31, 1921; outstanding, $2,300,000; int. N. & J Trustee. C ityey are
Central R ea lty Bond & Trust Co. o f
Y ,
Th
Inc.,cone; N ov., 1900, 3 p. o. on 1st pref.; Nov. 20, 1901,6 p . e . o n 1st subject to call at 105 from Jan. 1,1907, or beginning Jan. 1, 1903,
pref,, lea vin g accumulated dividends unpaid o f 21 p. c. on 1st pref. and they m ay be draw n by lo t at the same price, fo r a y e a rly sinking fund
40 p. e. on 2d pref. V. 71,p. 1014. On com. to 1895, inclusive, 10 year o f $50,000. V. 74, p.208.
ly; 1896,7%; none since.
Ea r n in g s . - E arnings fo r the 9 months ended Oot. 1, 1902, as
G e n e r a l F in a n c e s ,—On Aug. 31,1901, notes payable, $182,335.
reported w e re : Total sales, $1,474,797, against $964,000 by con stit
A nno-a 1. R e p o r t .—R eport fo r y e a r ending Aug. 31,1901, V. 71. p. uent companies fo r year 1901; net ea rn in gq $584,649; depreciation,
1009. in 1900-1 profit was $146,418, against $179,006 for 1898. $42,836; tw o quarterly dividends o f 2 p. 0. each on the stock, $212,000;
Pres., Jan es N. North; N. Y. office, 449 F irst A vo .— (V. 74, p. 529.)
balance, $329,813. A n oth er dividend o f 2 p. c. w as paid Oot. 10.
Of f ic e r s .—P resident, J, W. D antley; Vice-President, W. O. BuntA m e r L a n T h r e a d € 0 .—Incorporated in N. J. March 10,1898.
(V, 67, p. ! 158.) Stock, $0,000,000 common ($3 50 per $5 share paid ley; Second Viee-President, E dw ard Y. Moore; Treasurer, Ernest P.
W enger; Secretary, Le R oy Beardsley. E xecu tive Com mitt--e, Oh as.
In, nndor-.tood to be en tirely owned by the English S ew ing Cottou
Co.); $6,060,000 five per cent cum. prof, (go ld or it); issued $4,- M. Schwab. M ax Pam, C. H. Matthiessen, J. R. MoGiuloy and J. W.
890,475, par o f -hares, $5. D ividend on pref. July, 1899, to July, Duntley. Directors, V. 74, p. 97, 777, 1310. - (V . 75, p. 796.)
1902, inch! < ve, 5 p. 0. per annum (2% p. o. seml-au). First div, on
1
C o m p re s s e d ! A i r G o . o f t h e B o r o u g h o f p i a u l i a l t i t i t . —
common, 30 c m . per share (or 10 per cent on amount paid in) paid out Sec Stn-i'LEMENT fo r July, 1902.
of earnings o f 1890-0; In 1000 01, 35 cts. (lO p .c .): in 1901-2, none,
G o n s o l i d a t o il h a k e S u p e r i o r G o .—Has Connecticut charter,
Bond.':,
application to list in full, V. 70, p. 170. U nderlying bonds, and in June, 1901, absorbed Ontario Lake Superior Co. V, 72, p. 938.
*5 )9,937 . K err Thread 5s, due July 1, 1902, a t 105 p. e.
In Aug.,
Controls and is developing the w ater-power, estim ated at 200,000
1901, pt ]rclmsed control o f Wool Exchange Co., owning building 200 hydraulic horse-power, at Sautl. Stc. Marie, Michigan, and Ontario
Wi st Broadway, subject to a first m ortgage Of $500,000. V .7 3 , n. fo r use In connection with its own m anufacturing enterprises (Steel,
289, 393, 4 16,
paper, etc.) and under lease to other companies, including Union C a r
liKi-oui
Report, for year ending Mar. 81, 1901, with balance sheet, bide Co., Am erican A lk a li Co., etc. Owns all 1.U0 capital stock o f the
in V. 72, [1. 107'.), .statement fo r 1,901-2 in V. 75. p. 065, showed total follow in g named companies, capitalized tin fo llo w s : Michigan Unite
profit, £ 160,272; depredation. *62,000; bond lbioreat, A M ,714; div, Superior Rower Go., common stock $500,000, and 60-your first unu-ton pref. stock ( > p. 0.), *50,534; balance, dnf, for yenr, £0,977, Pres., f»s (see V, 69, p. 336) $3,500,000; Luke Superior Rower (Jo. o f Ontario,
Lyman k. Hopkins; nee. and T 1 eas.. The.o. M. Ives, 200 W. Broadway, preferred $500,000, common $1,500,000; Sunil Hie. Mario l’ ulp ,v
N- V, ■7.73,p 289,393,4401 V. 75, p, 6 6 5 .)
Paper 0o, o f Ontario, preferred $750,000, common $1,250,000; Tagona
M n r ix y <y s m i t h C a r .—Incorporated in 1892 In West, Virginia, W ater A- Ligh t (!o. of Ontario, $200,000. Algoinu Tube Co, author
ized stock, $30,000,000.
V. 74, p 97, See prospectus, prior to
stork nu! v ending, common, $1,000,000; prof., 8 p ercen t, cum illative, consolidation, V. 08, p. 1075 and V. 75, p, 685.
$2,500,000; par, $100. Ronds, $1,000,000, 1st 50 year gold 0 < (J
The properties unottirnd through the Ontario Lake Superior Go. eon*
subject to call at 110 on or after July 1. 1902; Guaranty Trust Co.. N.
Y.. trustee. Id vs. on coin. In '93, 5 p. o.; on pref. 8 p. e. till Mar., '95; eluted o f about 2,000 square tulles o f timburund mineral lauds, etc,,
mid the
of
A lgom a
A Hudson Hay Ry. (nu
dividend » resumed Dec. I, 1809, then 8 p.o. yearly to Sept., 1902, inch bonded). e m lfo stock 909; the 70, p. 40, OontralV.-.72. p 483. The steel
V, 09, p.
V,
1252;
(Q- M»)
bunt ness is carried on under the char ter o f the A lgom a Stool (jo., Llm..
R kc o k t . Report for year ending Mar. 31, V. 74, p, 1250,
With $20,000,000 stock and a plant, at Hautt Hie, Marie, Ontario, hav
ing 2,1)00 tons o f steel dally, operated (rein Apr., 1002. V, 72, p. 874,
Arf,
01h. (nr, Had fields Inlcrcst. f're.t. din. }lnl sue,
OO. 8H0. A : to Helen Iron mine,
*jW*i 02 $399,903
$20
$(50300 $200,000 $139,967 lilts, 991, 1 ( 30, 1082; V ,7 i, p . W
1900-01 . 375,000 $3,12 0
380
00,000 200,000
1 1 7 , 81 2 MlciilplOOtci), see A lgom a HI,eel Go. V. 72, p. 1082; also V. 72. p. 1)91;
V. 79, p. 1 I 10 In May, 1902. UlO Canadian Rolling Mtoelc 00 war in
—(V, 74, p. 1198, | 2 5 0 )
dorporntod with $2,000,000 authorized Monk. Thu Great 1,alien Paper
l i n y s t a t e t i n s C o — Incorporated In 1889 under the laws of D el <’ll. is eOBstruet.Ing a paper m ill at Han It Hie. Marie. Y. 75, p. 013.
aware, and acquired $905,000 o f the$ l ,000,000 stock or the Bay m ate Hayden, HtohC tk Go. o f Boston and Gafiadltttt capitalists purohnnnd a
Gas to . of New Jersey, which I after company owned substantially all the largo interest In the Stock. V. 74. p. 990, 1040,
A m e r i c a n C o a l .—M ines at Barton and Lonaconing, Md. Stock,
$1,500,000; par, $25. D ividends (M. & S.) 1894, 6^2 p. c.; 1895, 7; ’96,
8; ’ 97, 8; ’ 98, 9; ’99, 10 p. c.; 1900, 9 p. o.; 1901, 10 p. o.; 1902, Mar.,
5 p. c.; Sept., 5 p. o. Office, No. 1 B roadw ay.— (Y. 72, p. 340.)
S
170
INVESTORS’ SUPPLEMENT,
St o c k .—Stock authorized, common, $82,000,000; outstanding Oct.
1902, $73,427,700; pref., 7 p. c. non-cum., $35,000,000; outstanding,
$26,444,700. During 1902-3 about >-4,000,000 preferred w ill probably
be issued, m aking $25,000,000 in all. See V. 73, p. 1110.
D i v i d e n d s .— On preferred in fu ll to Sep., 1902 (payable (Q.-M.).
R E r o R T .— R eport fo r the year ending June 30, 1902, was given at
length in V. 75 p. 682, showing: N e t income, including subsidiary
companies, $1,428,136; general expenses, $20,104; preferred stock
dividend, $1,115,403; bal., sur., $292,629.
President, E. V. Douglas, Pliila.; Sec., W. P. Douglas, Phila.; VicePres. and Treas., Theodore C. Search. N ew directors, M ay, 1901, V.
72, p. 1037. Office, North Am erican Building, Phila., Pa ; 100 Broad
w ay, N. Y .—(V. 74, p. 886, 990, 1040, 1254; Y . 75, p. 344, 396, 613,
6 6 5 , 6 8 2 , 850.)
C o n s o lid a t e d . R u b b e r T i r e C o .—Incorporated in N. J. in Apr.,
1899. See V. 71, p. 345 . Stock, common, $4,000,000; pref. 6 p. o.
cum., $1,169,500; a ll issued. P a r o f shares, $100eaeh. In June, 1901,
$3,000,000 debentures w ere issued in place o f an equal amount
o f preferred stock and $2,830,500 treasury stock was retired, per plan,
V. 72, p. 341, 391. T h ey are en titled to 4 p. c. interest i f earned; 3 p. c.
paid Apr. 1,1902, out o f earnings o f calendar year 1901.—V. 74, p. 632.
Decision, V. 74, p. 1092,1198.
Dividends on preferred, Sept., 1899, to Dec., 1900, l^ j p. 0.
quarterly (Q. M .). L a st div. paid Dec. 1, 1900. Checks are mailed.
Earnings fo r 6 mos. ending Dec. 31,1899, see V. 70, p. 794. President
and Gen. M gr., Van H . Cartnell; Sec., Frederick A. Seaman. Office,
Jersey City, N. J. Emerson M cM illin & Co. w ere interested.— (Y. 74,
p. 1198, 1254.)
C u m b e r l a n d T e le p h o n e 6c T e l e g r a p h . —O rganized in K en
tucky in 1885, and operates under perpetual and exclu sive license
from Am erican B ell Telephone Co through the entire States o f Mis
sissippi and Louisiana, the greater parts o f Tennessee and K entucky,
and a fe w counties in Indiana and Illin ois- A m . Bell Telep. & Teleg.
Co. owns $3,898,680 o f the stock. Subscribers Jan. 1 , ’0 2 ,5 ,4 9 2 .
The directors in Dec., 1901, authorized an increase o f 25 per cent in
the stock to provid e fo r extensions and im provem ents during 1902,
raising the outstanding stock to $9,356,400, the n ew stock bein g sub
scribed fo r at par b y stockholders, payable in four instalm ents—on
Jan. 25, Apr. 1 and Ju ly 1, 1902, and Jan. 1, 1903. V . 73, p. 1315.
D iv id e n d s .—From 1892 to 1897, both inclusive, 4 p c; 1898,5; 1899,
6; 1900, 6; 1901 to Oct., 1902, 7 per an. (1% p. c. quar.)
Bonds.- These consist o f $910,000 first 5s (see table above); $239,000 20-year deb. 5s (int. F & A ), due Feb. 1, 1920, but redeem able at
par, issued fo r purchase o f P eo p le’ s Telephone Co. o f N e w Orleans;
$150,000 E ast Tennessee Telephone gold 6s (int. J& J), due July 1,
1918, and $16,000 Ohio V a lle y Tel. gold 6s (int. J& J), due Jan. 1, 1908.
E arnings .—R ep ort fo r year 1901, in V. 74, p. 1137, showed: Gross,
2,642,563; net above fixed charges, $638,063; dividends (6 p. c,),
468,539; balance, surplus, $169,524. In 1900, gross, $1,884,014;
net, $515,561. General offices, N ash ville, Term.—(V. 74, p. 1 1 3 7 .
D e n v e r G a s 6c E l e c t r i c C o .—Organization .—In corporated in
A pr.. 1899, as a consolidation o f the D en ver Consolidated Gas and
D en ver Consolidated E lectric Companies. Stock, $3,500,000. Bonds,
$5,500,000 1st 50-year consol, m ortgage gold 5s, in terest M-N., due
M ay 1, 1949; Continental Trust C o.,N ew York, trustee.
On M ay 1, 1902, H. L. D ougherty was appointed receiver. V . 74, p.
990. In M ay, 1902. deposits w ere requested b y oommittees, viz.:
Denver Consol. Oas 6s. due i q n .- C. S. W. Packard, Philadelphia,
Chairm an; Pennsylvania Co. fo r Insurances on L ives and G ranting
Annuities, depositary. V. 75, p. 32.
Denver Consol. Elec 6s due 79/0.—S ylvester C. Dunham, H artford,
Conn., C hairm an; N. Y . Security & Trust Co., depositary.
The Ju ly 1, 1902, int. was paid on $1,500,000 D en ver Consol. Gas
and *590,000 D en ver Consol. Elec. 6s (see b elow ) from proceeds o f
$63,750 receiver’ s certificates in ferio r in lien to the tw o m ortgages. —
V. 75, p.32.
Bonds fo r $2,440,000 w ere reserved to re tire a lik e amount
ofu nderlyin g bonds, viz.: $1,500,OHO D en ver Consol. Gas 20-year gold
6s, due N ov. 16, 1911, int. J.-J. at A tla n tic Trust Co., N. Y .; subject to
call at 105; $75,000 D en ver Consol, gold deb. 6s, due Oet. 1, 1911;
$590,000 D en ver Consol. Elec. 1st gold 6s, due Jan. 1,1910, subject to
call a fter Jan. 1 ,1 895; A tlan tic Trust Co. o f N e w Y o rk as tru stee;
int. J.-J., at Chemical Bank, N .Y .; $180,000 Western E lectrica l Con
struction Company 1st gold 6s, due October 4, 1915, int. A.-O ., at
Mass. Loan & Trust Co., o f Boston; subject to call at 103 a fter 1895
and $35,000M ontclair E lectric L ig h t & P o w er 1st 6s.
D ividend, 113 per ot., paid Feb. 20,1900; Aug. 20, l ^ p. c. Chairman,
Emerson M cM illin, 40 W a ll St., N. Y .— (Y. 74, p. 1358; V. 75, p. 32,)
D e n v e r CJnion W a t e r . —A consolidation Oct., ’94. Franchises
run until 1910. Owns the w a ter supply o f the city o f D enver, Col.,
and vicin ity. Capital stock is $5,000,000 com m on and $2,500,000 of
5 p. 0. non-cumulative preferred. Bonds $7,500,000. President, W . 8.
Cheesman; Treasurer. D. H. M offat.—(V. 72, p. 285.)
D e t r o i t C ity G a s .—Organized in March, 1898, and owns a ll the
as properties in D etroit, Mich. H as a contract t ill 1923 w ith the city,
n Dec., 1901, a city ordinance was passed reducing the p rice o f gas
to 70 cents per 1,000 cubic fe e t.—V. 73. p 1266. In M ay, 1902, it was
decided to spend about $600,000 fo r extensions and im provem ents.
Stock . -A u thorized, $5,000,000; $4,560,000 outstanding; par, $50,
D ividends, 213 p. c. N o v, ’ 99; 1900, 5 p. o.; 1901, M ay, 2ksp. c. The
N o v., 1901, dividend was passed. V. 73, p. 1063.
J^Bonds .—Th e new p rior lien m ortgage is fo r $6,000,000, o f whioli
$564,000 retained fo r future extensions and im provem ents and $381,000 to retire the $365,000 Det. Gas 5s, not y e t exchanged, and
$16,000 incom e 5s. P rio r lien bonds are subject to call at 110.
E arnings .—Jan. 1 to Oct. 31,1900, net, $363,913; against $309,308;
net fo r fiscal year ending Deo. 31, ’01, $527,018, agst. $512,252 in ’00.
“ Officers .—President, Emerson M cM illin, N e w Y ork ; Gen. Man., H .
D W albridge, D etroit, M ic h — (V. 73, p. 1063,1266,1315,1254.)
D e t r o i t M a c k i n a c & M a r q u e t t e It It . L a n d G r a n t . —Lands
unsold Oot., 1902, about 200,000 acres in Northern Michigan, along
lin e o f the D etroit Mackinac & Marquette R R ., foreclosed Oct., 1886.
Lands w ere free from taxation t ill 1898. O f the total issue o f $4,560,000 30-year bonds, due Oct. 1, 1911, $1,465,000 h ave been puroliased
fo r $513,594 (about 35 per cent per bond) and $324,000 have been r e
ceived fo r land and canceled, lea vin g outstanding Jan. 1, 1902,
$2,771,000. From Oct., 1892, to Apr., 1902, 2 ner cent interest was
paid (1 p. c. each in A & O) at Central Trust Co., N. Y .; in Oct., 1902,
l ^ p . 0. See report Feb., 1879, to Jan., 1900, V. 70, p. 684. In Aug.,
1902, sale was arranged fo r $1,250,000 o f 1,000,000 acres, reserving
to the company mineral rights in Marquette County, payable onequarter in six month* and the balance in throe equal annual payments.
This w ill lea ve unsold about 150,000 acres owned in fee and 30,000
acres o f tim ber lands, and together with proceeds from previous sales,
there w ill be on hand about $1,600,000. or t>0 per cent o f the face value
o f the $2,771,000 bonds. V. 75, p. 137, 443.
R ep ort fo r year ending Dec. 31, 1901, in V. 75, p. 182, showed:
Gross receipts, $192,668; “ disbursements,” taxes, etc., $61,066; bonds
canceled, $85,813; int. on bonds, $60,420; add oredit Jan. 1,1901,
$32,547; bal., sur., $14,630. In 1900, gross, $160,899; surplus o ver
bond interest, $ 9 ,9 5 9 .-(V . 74, p. 775; V. 75. p 137, 1 8 2 , 443, 735.)
D o m i n i o n C o a l C o ., L i m i t e d . —Organization .—Incorporated
in 1893. Common stook, $15,000,000; pref. stock and bonds, see
table p. 157. Loans and bills payable Mar. 1, 1902, $840,000
The Dominion Iron & 8teel Co. leases the property from Mar. 1,
1902, to A p ril 1, 1992, fo r $1,600,000 yearly, payable qu arterly in
{
f
[V ol . L X X V .
March, June, September and December, and a ro y a lty o f 71 cents
s
per gross ton in excess o f $3,500,000 per year. V. 74, p. 1254; V . 75,
p. 500.
Output in ’01-2, 2,651,263 tons; in 1900-1, 2,044.877 tons.
Divs. on pref. paid in fu ll to July, 1902, incl. (4% J. & J.) In Sept.,
1902, the Dominion Iron & Steel Co. paid $1,200,000 on account o f
the rentals, a dividend o f 4 p. c. fo r the h alf year being paid on Oct. 1
on the common stock. Y. 75, p. 500. R ep ort in fu ll for year ending
Feb. 28,1902, in V. 75, p. 34, showed: N et earnings, $1,551,881; in
terest and premium, $253,968; div. on pref. (8 per cent), $240,000;
sinking fund, $120,232; bal., sur., $937,682. Pres., James Ross,
Montreal.— (V. 74, p. 1254; V. 75, p. 2 7 , 34,188, 500.)
D o m i n i o n I r o n 6c S t e e l C o .—Organization .—Organized under
the law s o f N o va Scotia on June 17,1899; is building iron and steel
works at Sydney, Cape Breton, to have, it is said, a daily capacity o f
1,000 tons o f steel. In June, 1902, six o f the ten steel furnaces were
in operation. V . 74. p. 98; V. 70, p. 1051; V. 73, p. 661, 959. See pros
pectus V. 72, p. 583.
Stock, common, $20,000,000, all issued; $5,000,000 being sold M ay, 1902, at $60 per share; par $100. The
stockholders voted December 29, 1900, to construct a plate and
rail m ill and to issue $5,000,000 seven per cent cum ulative preferred
stock, subject to call at $115 per share or con vertible into common
stock, at holder’ s option. V. 72, p. 778; V .74 ,p 530.
The Dominion Coal Co. is leased until A p ril 1, 1992, fo r $1,600,000
ye a rly and a ro ya lty o f 7 b cents per gross ton in excess o f 3,500,000
per year. V. 74, p. 832,1254; V. 75, p. 500. A s to 25-year contract
w ith N ew England Gas & Coke Co. (now Mass. Gas Co.’s) see that
company.
D iv. o n p f., SJsp. c., Oct. 1,1901; in 1 9 0 2 ,7 p. 0. (A .& O .). Mort. true
tee.N a t’lT r . Co. o f Ontario, Montreal, Can. Bonds m ay be purchased or
called (drawn b y lo t) at 110 and interest fo r sinking fund or in such
amounts as m ay be desired on Ju ly 1 yearly, beginning 1902. See V.
71. p. 1122. R ep ort for the y ear ending A p ril 30,1902, w ith b a la n ce
sheet, was in V. 75, p. 27. President, James Ross, M on trea l; VioePresidents, G eorge A . Cox, Toronto, and L. J. F orget, M ontreal. D i
rectors, A p ril, 1902, Y . 74, p. 8 3 2 .- (V. 75, p. 2 7 ,1 8 8 , 293, 500.)
E le c t r i c C o . o f A m e r i c a .—Organization .—Incorporated in Jan.,
1899, in N ew Jersey. V. 68, p. 85. In 1899-00 purchased control o f
electric ligh t plants in several cities, la ter selling some o f them. See
list, V. 70, p 943 ; V . 74, p. 325; V. 73, p.238, 289, 495. Stock, $5,000,000. par $10 (being reduced from $50 in June, 1902); o f which $4,078,780 issued. On Ju ly 21,1902, the rem aining $2 50 per share was
paid in, m aking the stock fu ll paid, an ex tra dividend o f $1 50 per
share being paid at the same time. Y . 74, p. 777, 832,1310. U n d er
lyin g bonds $84,000 Canton <0.) Ligh t, H ea t & P o w e r Co. 6s and
$308,000 Auburn (N. Y .) gold 5s. Y. 73. p. 238, 495.
Dividends, 50 cents per share, each paid July, 1899, to Jan. 21,1901,
Inclusive (J.-J); July 31, 1901, 25 cts.; Jan. 31, 1902, 25 cts.; Ju ly 15,
1902, (extra dividend) $1 50 (see above); Aug. 18,1902, 25 cts. For6
mos. ending June 30, 1902, n et earnings, $148,189 (against $111,599
in 1901); dividends, $101,974; bal., sur., $46,215. R ep ort fo r 1901
was in V. 74, p. 935, showing net earns, from operations o f $281,232.
Officers .—President, A. Loudon Snowden. Directors. V. 74, p. 886.
Office, Land T itle Bldg., P h ila.— (V. 74, p. 1310; Y . 75, p. 293.)
E q u i t a b l e I ll u m i n a t i n g ; G a s L i g l i t C o . o f P h i l a d e l p h i a . —
Organized in 1898 by U nited Gas Im provem ent Co., which owns a
m ajority o f the stock, to operate th e gas w orks leased from city of
Philadelphia. See fu ll particulars in V. 66, p. 426. Common stook
Issued, $3,125,000; p referred stock, 4 per cent fo r first year and 6 per
cent thereafter, $3,125,000. Sinking fund o f $124,000 yea rly is to r e
tire bonds at 105; and beginning in 1908 the Im provem en t Co. agrees
to create a sinking fund to retire the stock in 1928, when the property
is to re v e rt to the city. Lease m ay be term inated by city in 1908 on
m aking certain payment.
D iv id e n d s .
11898.
1899.
1900.
1901.
Common, per cent............... > 4
6
6
6
Preferred, per cen t.............. 3 4
6
6
6 (J.&D.)
- ( V . 72, p. 244, 875; V. 73, p. 393, 959,1210; V. 74, p. 270)
1902.
Ju ne,3
F i s h e r i e s C o .—Organization ,-In c o rp o ra te d in N ew Jersey on
M ay 25 as a reorganization o f the Am erican Fisheries Co. (see V. 66,
p. 132) per plan in V. 70, p. 1050; V. 70, p. 1052. Stock, authorized,
common, $1,000,000; outstanding, $532,868; pref., 7 p. c. non-cum.
$2,000,000, a ll outstanding; par o f shares, $100. Bonds, $500,000
first m ortgage 5-year 6s, subject to redem ption b y annual drawings
from profits a fter paym ent o f interest, 7 p. o. on pref. and 5 p. c. on
common stock. R ep ort fo r y e a r ending Deo 31, 1901, in Y . 74, p.
984, showed Gross, including other income, $777,408; to ta l n et in
come, $27,770; interest on bonds, $30,000; loss m oving P o rt A rthur
ptant, $35,967; bah, daf., $38,196. I a 1900, gross, $747,721; net,
$143,379.
Directors: Nathaniel B. Church, Thomas P. Goodbody, L. E. W ar
ren, Thomas F. Price, Thomas F. Woodloch and Robert Goodbody.
First div., S ^ p . 0. on pref., Jan., 1901.—(Y. 70, u. 1052; V.74, p. 9 8 4 .)
F o r t St. U n i o n D e p o t ( D e t r o i t ) —See S cpplem ’ t of April, 1897
M e r r i n g - H a l l - M a r v l n S a fe C o .—Organization .—Incorporated
in N ew Jersey on Aug. 3,1900, as successor Deo. 20,1900,per plan in
V. 68, p. 232, and V . 70, p. 689, o f H erring-H all-M arvin Co. V. 71,
p. 238. Stock, common. $1,650,000; 7 per cent non-cum. 1st pref.,
$600,000 and 7 per cent non-cum. 2d pref., $1,050,000; par o f shares,
$100. Pres.. H . A . Tenney.— (V. 72, p. 46,186,1191; V. 73, p. 1316.)
I n t e r n a t i o n a l A u t o m o b i l e & V e h ic l e T i r e C o .—Organi
zation .—Incorporated in N ew Jersey in A pril, 1899; factories are at
Chelsea and Newton, Mass, (see V. 68, p. 772). Stock authorized, com
mon, $1,500,000; pref., 7 p. c. cum., $1,500,000; par o f shares, $100
each. On M ar 1,1900, $2,368,000 stock had been issued. Bal. sheet
Mar. 1,1900, V. 70, p. 9 9 9 .-(V . 68, p. 772; V. 70, p. 999.)
I n t e r n a t i o n a l N i c k e l C o .— Organization .—Incorporated in
New Jersey on M arch 29.1902, and acquired control o f the Canadian
Copper (& Nickel) Co., w ith plant at Copper Cliff, Ont.; Nickel Corpora
tion o f London, w ith mines at N ew Calodonia, and the Orford Copper
Co. o f Bayonne, N. J., Am erican N ickel Co. o f Camden, N. J., with
their subsidiary companies. Said w ith the SociM6 N ickel o f Paris,
controlled by the Rothschilds, to hold p ractically all the nickel interests
in existence. Clias. M. Schw'ab, President o f the U. S. Steel Corpora
tion, was instrumental in form ation o f company. V. 74, p. 730, 832 .
Stock & B onds.—Stock authorized, $12,000,000 each o f common
and 6 per cent non-cum. preferred; present issue o f each, $9,000,000.
Bonds, $12,000,000, present issue to be $10,000,000.
Officers —Chairman o f board, R obert M. Thom pson; President,
Am brose Monell; Sec., Stephen H. P. Pell; Treas.. Joseph Claudet.
D irectors in 1902, V. 74, p. 730. Office, 72-74 Broad way.— (V.74, p.832.)
I r o n S t e a m b o a t € 0 . —P rop erty consists o f seven iron steamboats.
Incorporated in N ew Jersey in Au g., 1902, as successor, per plan V.
74, p. 778,887, to the N ew Y o rk com panv o f the same name, foreclosed
Ang. 6,1902. V. 75, p. 293, 397.
For ye a r ending Oct. 31, 1900, gross receipts w ere $236,935; operat
ing expenses, $133,006; term inal charges, $15,881; rentals, $23;
interest on bonds, etc., $27,651; bal., sur. for year, $37,176. In
1895-6, gross, $224,152; sur. fo r year o ver charges, $21,654. Stock,
$400,000; par o f shares, $10 each; a ll outstanding.
Bonds are
$100,000 o n o r lien 30-year 5s (given fo r assessment of same amount
on the oid bonds) and $500,000 gen. or 2nd 30-year 4s, all redeemable
at par. Bonds m ay be called ye a rly fo r sinking fund. S e e t . /4, p.
778. President, A llan C. W ashington.—( V 75, p. 188, 293, 397.)
J e f f e r s o n 6c C l e a r f i e l d C o a l 6c I r o n C o . —O r g a n i z a t i o n .—
Organized under the law s o f Pennsylvania in M ay, 1896, to acquire
October ,
1902.]
MISCELLANEOUS STOCKS AND BONDS.
171
the coal and other properties o f the Bell, Lew is & Y a tes Coal M in ing tributary to N ew ark betw een Passaic and Elizabeth, N. J. Stock,
Co. See Y . 62, p. 908; V. 63, p. 115. The securities o f th e n ew com $6,000,000, all common. O f the $10,600,000 consol. 5s, $4,025,000
pany are included in the table on p age 20 of this S u p p l e m e n t . The are reserved fo r p rior bonds and $701,000 fo r future im provem ents
present capacity o f the mines is about 10,000 tons per day, but the and extensions. D ividends increasing from *2 per cent per an. in 190001 to 5 p. o. in 1909-10, and thereafter, are guaranteed on the $6,000.greatest amount so fa r shipped in one y e a r was 1,541,000 tons.
St o c k .—T he $1,500,000 common and $300,000 o f the $1,500,000 o f 000 stock. P ric e o f gas reduced t o $ l per 1,000 cubic ft. A p ril 1,1900.
5 p. c. non-cumulative p referred stock is owned by the Rochester & V. 70, p. 534. There are $25,000 M ontclair Co. bonds due July, 1903.
Leased fo r 999 years from Deo. 1, 1898, to U nited Gas Inapt. Co.
P ittb u rg Coal & Iron Co., which places the control o f the output from
and lease assigned to Essex & Hudson Gas Co. ($4,325,000 stock of
the property with the Buffalo Rochester & Pittsburg R a ilw a y Co.
latter being owned b y the U. G. Im pt. Co,), but the U. G. Im pt. Co. w ill
Dividends —On preferred in 1897, Aug., 5 p. c.; 1898 to A u g .,'1902, for the first six years be d irectly responsible fo r a ll paym ents under
5 p. o. y e a rly <F. & A .). On common, first dividend, 2 p. c., paid Aug. lease. Terms o f lease, dividends on stock, eto , see V. 67, p. 1002.
15, 1900; in A u g., 1902, 5 p. c.
Pres., deceased; See. & Treas., U. H . M cC arter.—(V. 72, p. 1139.)
Bonds.—Trustee for first m ortgage is the Guaranty Trust Co. o f N ew
N e w Y o r k M u t u a l T e l e g r a p h . —Successor to the Mutual U nion
York; for the second m ortgage, the U nited States M ortgage & Trust
Co. The sinking fund is 3 cents fo r each ton o f coal mined, the p a y Telegraph Company. The stock carries dividends o f 6 per cent per
ments not to be less than $50,000 per annum, and the bonds to be draw n annum under a lease fo r 99 years from Febru ary 15, 1883, to W estern
at 105 and accrued interest, i f not purchasable fo r less. A n y bonds so Union Telegraph, which owns $2,385,700 o f the $2,500,000 stock.
urchased or drawn are to be held uncanceled b y the trustee, and the
N e w l ' o r k T r a n s p o r t a t i o n C o .—O r g a n iz a t io n .—I ncorporated
iterest on them in vested fo r the sinking fund. I t is estim ated that in N e w Jersey on Feb. 23, 1899, and operates under license from the
w ith these accumulations the firsts w ill be retired in tw enty-three years E lectric Vehicle Co. N am e changed as above Jan., 1902. Stock au
and the seconds in tw enty-eigh t years and six months.
thorized, $5,000,000; par. $20, as reduced in Jan., 1902; outstanding,
A s fu rth er security fo r the bonds there is pledged w ith the Guaranty $4,700,000. V. 74; p. 99,215. Owns entire capital stocks o f F ifth
Trust Company o f N e w Y o rk , R eyn oldsville & Fails Creek RR. Co. A ven u e Coach, M etropolitan and Century Express and Pa rk C arriage
first m ortgage 6 per cent bonds $170,000, and $170,000 stock being the companies. In June, 1901, purchased N ew p ort plant and control o f
tota l capital and securities of that company. The R ey n o ld sv ille A the M etropolitan and Century Express companies.
V. 72, p. 1139,
F alls Creek R R . Co. owns about 28 holies o f track, connecting the 1191; V. 73, p. 35. V. 70, p. 844; V . 71, p. 290; Y . 73, p. 35. State
mines at Falls Creek w ith Buff. Roch. & Pitts. Ry., Penn. RR., E rie m ent fo r year 1899, w ith balance sheet, was in V. 70, p. 840. P resi
RR., W estern N. Y . & Penn. R R .—(V. 71, p. 238; Y . 75, p. 188.)
dent, H en ry Sanderson: Treas., W. K . Ryan; Sec., R alph G. M iller.
J o n r n e a y Sc B u r n h a m . - See plan. Y . 70, p. 1293; V. 74, p, 580 Office, 8th A ve. and 49th St., N. Y . - ( V . 74, p. 99, 215, 482.)
N e w Y o r k Sc Q u e e n s E l e c t r i c L i g h t Sc P o w e r C o .—O r g a n
M a d i s o n S q u a r e G a r d e n . —Owns in fee a block o f land in N ew i z a t io n .—A consolidation. In corporated in July, 1900; supplies en
Y o rk C ity and building thereon. Stock, $2,000,000 (par, $100).
tire borough o f Queens outside o f Rockaw ay. See official statem ent
to N ew Y o rk Stock Exchange, V . 72, p. 1039.
B onds .—$ 1,250,000 first 20-year gold 5s, due N ov. 1,1919, and
$750,000 2d gold 6s; last coupon paid on la tte r being that o f N ov.,
St o c k a n d B o n d s .—Stock, common and pref. 5. c. non-cum., $1,1896, in Feb., 1897. Merc. T ra s t Co. o f N. Y ., trustee. Second m ort 250,000 each, all issued. P a r o f shares, $100. Bonds, $2,500,000
gage bondholders’ comm ittee: F. K . Sturgis and W . C. G u lliv e r; depos 30-year gold 5s, dated A ug. 1,1900; int. F A A ; U nion Trust Co., N.
itory, J. P. M organ & Co.—V. 65, p. 620.
Y ., trustee. O f the bonds $2,272,000 are outstanding, $78,000 are re
Directors (Oct., 1902): F. K . Sturgis, J. P ierp o n t M organ, D. O. served to retire tbe $78,000 N. Y . & Queens Gas & Eleo. gold 5s, due
M ills, Charles Lanier, H . H . H ollister, W . F. W harton, Stanford Jan. 1,1949, and $150,000 fo r extensions.
W hite, W. C. G u lliver, James T. W oodw ard, F ra n k W. Sanger and
E aenengs .—F or 8 mos. ending Mar. 31,1901, gross, $193,206; net
James C. Y o u n g — (V. 67, p. 690; V . 68, p. 85; Y . 71, p. 137.)
o ver taxes, etc., $99,247; interest op bonds, $65,600; sur., $33,647.
D ir e c t o r s . - F rank T ilfo rd , H . E. G aw try, T. W. Stephens, H en ry R.
M a n h a t t a n B e a c h H o t e l Sc L a n d (L i m i t e d ) . —Owns the real
estate and premises known as Manhattan Beach, w ith the M an W ilson, James T, P y le, Julian D. Fairchild, A bram M. H y a tt ana Lhattan Beach and Oriental hotels, music amphitheatre, 446 acres o f B. G aw try, o f N e w Y o rk , and John D ay Jackson, N ew H aven , Connland, Ac. 8tock, $2,000,000, o f which $500,000 is preferred 5 p. c. Frank T ilfo rd , President; H en ry R. W ilson, 1 st Vice-President; H. L.
n on-cu m u lative; preferred outstanding, $400,000. Bonds, $1,500,- Snyder, Sec. and Treas. N e w Y o rk office, 208 F ifth A v e ,—(V. 73, p.
000 general gold 4s, due N ov. 1, 1940; int. M. & N ; Central Trust Co. 187, 680.)
o f N. Y .. trustee. Commencing w ith M ay, 1894, four years’ coupons
N e w Y o r k Sc T e x a s L a n d . —This com pany took the lands granted
w ere funded into 10-year scrip. A fe w o f the coupons h ave n ot y e t to the International and Houston & Great Northern railroads, about
been funded. N. Y . office, 192 B roadw ay.—(V. 62, p. 869.)
5,000,000 acres. June 30, 1902, had 1,894,261 acres unsold. Stock,
M a r s d e n C o m p a n y .—In corporated in Febru ary, 1897, to manu $1,350,000; par $45. Treasurer, J. S. W etm ore, 100 Broadw ay, N. Y .
factu re products from cornstalks—see V. 65, p. 235, fo r uses o f product. - ( V . 66, p. 83.)
Common stook authorized, $35,000,000; outstanding, $33,962,2 < 0
N e w Y o r k T e l e p h o n e . —In 1896 this com pany took o ver the
P ref. stock, 6 p. c. cum., authorized, $15,000,000; issued, $1,546,200. business o f the M etropolitan T. A T. Co, w ith ex clu sive rights under a
R eport fo r 1901 in V. 74, p. 1354. Owns m ajority o f stock o f In te r perpetual license from the A m erican B ell Telephon e Co. to the tele
national Smokeless P ow d er Co., a part being pledged to secure $300,- phone business in city o f N ew Y o rk and suburbs.—V. 63, p. 229. In
000 notes due 1902. See Y . 71, p. 1123. In July, 1901, obtained 1901 stock was increased from $16,000,000 to $30,000,000 (par, $100)
control o f Am er. M illin g Co., w ith plan t at R iverdale, Chicago. V. o f w hich Am er. T eleph & Telegraph Co. owns $19,329,400 and Western
74, p. 35; V. 74. p. 1354. President, E. G. Buckner.—(V. 73, p. 35, Union Telegraph Co. on Ju ly 1 1901, $6,164,300. V. 71, p. 139, 290.
794; T. 74, p. 1 3 5 4 .)
D ividends paid in 1899 and 1900, 6 p, c. yearly. V. 71, p. 139, 290.
M o n o n g a h e l a f t i v e r C o n s o l i d a t e d C o a l & C o k e C o ,—
N i a g a r a F a l l s P o w e r C o m p a n y , T h e . —O rganizedin 1886 and
(“ R iv e r Coal Consolidation.” )—Incorporated in Penn, in June, 1899, to has authority b y special acts o f N e w Y o rk State to use the w a ter o f
consolidate coal interests along the M onongahela R iv e r, and coal tr a f N iagara R iv e r and also to transm it any p ow er, heat or lig h t developed
fic to N e w Orleans, etc., including 200 steamers and 4,000 coal from such w a ter to p ractically any point in N e w Y o rk State. I t has
boats and barges, and coal elevators, etc.
Owns betw een 36,- 1,071 acres o f land. Tunnel first opened January 1,1894. Th e 50,000
000 and 37,000 aeres o f eoabexelusive o f surface. See constituent horse-power is now in use from w heel-pit and power-house No. 1.
concerns taken o ver Oct, 2,1899, Y . 69, p. 1065; see also V. 72, p. W heel-pit aud power-house No. 2 are completed, and m ach in ery is
876, 939; V. 74, p. 99. In M ay, 1901, purchased about 7,000 acres o f being installed fo r a fn rteer developm ent o f 55,000 horse pow er, o f
coal land near Birmingham, A la., the Corona Coal A Iron Co. being
which 15,000 to be in use by Dec, 1,1902. Upon completion o f p ow er
incorporated to take it over. Y . 72, p. 1191.
house No. 2 the company’ s capacity w ill be 105,000 electrical horse
D ividends on pref., 7 p. c. yearly, July, 1900, to July, 1902 (J.-J). pow er and 8,000 hydraulic horse pow er on the Am erican side. A
A sinking fund o f 5 cents per ton of 1 ^ inch coal m ined and shipped plant on the Canadian side o f 100.000 horse p o w er is under con
w ill retire bonds annually about Dec, 1 i f purchasable in the open struction; first installation o f .30,000 horse pow er is to be com pleted
m arket at a reasonable p ric e ; during 1900 $184,000 w as canceled. in 1903. V. 72, p. 939; V. 73, p. 35. Customers, A p ril, 1901, in V. 72,
R e p o r t fo r period ending Oct. 31,1901, w ith balance sheet, w as m p. 678.
Y . 74, p. 266, showing undivided profits o ver all charges and d ivi
Securities.
P a r.
Interest. OutsUmd’g. M aturely, etc.
dends on preferred o f $361,374; tota l surplus Oot. 31,1901, $857,061. S tock ............................................................
$3,331,000
........... .
President, John B. Fin ley; Treas., Geo. I. W hitney, Pittsburg, Pa. D i
rectors, Nov., 1901, V. 74,p. 2 6 6 .- (V .74, p. 9 9 ,1 5 5 , 2 6 6 ; V.75, p. 242.) 1 $io?OOOao c6 SCe ’ } $ 500* &0- 5g ~V ariou s- 10,000,000 Jan. 1,1932
N a t i o n a l R i c e M i l l i n g . —iSee fu ll statem ent V. 55, p. 49; Y. 71,
D !3?000.'006CO Tp’ I 1’ 000
6g.-A .A O .
2,196,000 Apr. 1, 1910
p. 1123, 1223; V. 72, p. 91, 1 3 5 , V. 73, p. 1163.
N a t i o n a l S a lt C o .—O r g a n i z a t i o n .— In corporated in N e w Jersey
...........
6 A.&O.
300,000 Oot. 1,1911
on March 18, 1899.
Annual output increased Oct., 1899, from
6,300,000 to about 10,000,000 barrels, claimed to be o ver 90 p. o. o f
Stook authorized by charter $10,000,000; b y stockholders $9,500,total output o f the U. 8 ., o f which 4.850,000 bbls. produced at plants 000. Issued, $3,331,000. M ortgage, $10,000,000, covers 1,071 acres in
owned, and balance purchased. V. 69, p. 853. Official statem ent to city o f N iagara Falls, tunnels, franchises, eto.; also the m a jo rity stook
New Y o rk Stock Exchange was in V. 71, p. 1118; V. 68, p. 524. In o f the Cataract P o w e r & Conduit Go., Buffalo, and the Tonawanda
Oct.,1901, a m ajority o f stockholders accepted fo r $1,000 preferred one P o w e r Co., North Tonawanda, N. Y . Coupon mort. bonds are $1,000
$1,000 five per cent gold bond o f the International Salt Co. and one each; int. J & J; registered; $500 or m ultiples o f $500; int. Q.-J. F or
share ($ 100) o f its capital stock, and fo r common stock an equal the construction o f p ow er house and w heel-pit No. 2 w ith connecting
amount of International Sait Co. stock. See International Sait Co. tunnel w ere authorized $3,000,000 debentures, dated A p ril 1,1900,
ami V. 73. p. 725.
convertible into stook. $ fo r $, at holder’s option on or b efore A p ril 1,
On Sept. 29,1902, Frarik P. M cD erm ott o f .Jersey C ity and Nathan 1905; o f these, $1,984,000 w ere outstanding Mar. 31, 1902. Stock
8. Beardslee o f W arsaw, N, Y., w ere appointed receivers, preparatory, holders in July, 1901, subscribed at par to $2," 00,000 n ew debentures,
it was understood, to w in d in g up the com pany and tra n sferrin g its payable in instalm ents, to build plan t on Canadian side, convertible
assets to the Intern ation al Sait Co. V. 75, p. 397, 736.
at holder’s option a fter Oct. 1, 1903, and before Got. 1, 1908, into
St o c k , Et c .—Common stock la $7,000,000; preferred 7 p. e, non- stock, $ fo r $. Th ey w ill be secured by deposit o f an equal amount
cumulative, $5,000,000; of these $1,241,750 each o f common and pre o f debentures o f Canadian N iagara P o w er Co. —V. 73, p. 35. See V.
ferred was deposited in escrow on account o f purchase of United 70, p, 689. President, I). O. M ills ; 1st Vice-Pros.. E dw ard A. W iokes;
Halt Co., and an equal amount of 7 per cent preferred and 10 per 2d v.-P, and Treas,, W illiam B. Rankin©; Sec., F. L. Lovelace; Asst.
N. Y . office, &6 Broad S t —
cent common trast certificates issued against same; the certificates I Hoc. and Asst. Treas.. W. P a x to n L ittle.
are in default, the contract with the United Co. being in litigation. The * (V. 73, p. 35; V. 74, p. 1143.)
amount o f certificates unpaid Feb, 1, 1901, w ithout interest charge,
O g d e n G a s ( C h i c a g o ) . —SUIT, o f Jan., 1898.—V. 74, p. 99, 155.
was $688,547. See V. 7 4 , p. 078; V. 71, p. 1272; V. 72, p. 186, 286.
O h i o Ac I n d i a n a O o n i ) » l l d » f r d N a t u r a l Sc I l l u m i n a t i n g
in Apr., 1901, A. W. Damson and ,J. B. Zerbe were appointed receivers G a s . - A consolidation incorporated in N. J. on Dec. 29, 1899, per
o f the ijnit&d Co, See V. 72, p. 725; V. 73, p. 900; V. 74, p. 382.
plan V. 69, p. 1251. Stock $10,060,060, of which $1,000,000 to ao
DrvioKNPH.-On pref. in full to Nov., 1901, on common, 1 >« p, o, and : quire new gas fields, Bee statem ent to N. Y . Block exchange, V. 70, p.
extra b. p. c. Aug., 1900; N ov., 1 ^ p. o.; 1901, 6 p. c. (Q.-F.)
99 1 Dividends paid Mar. i, 1900, to Juno, 1002, o n ep . o. quarterly.
,
Underlying bonds, $820,000 ind. Nat. A, III. Gas (is (hit. M-N), duo
B o s ds.-~$200,000 Hutcliinson-Kansas Salt Oo., due Jan. I, 1912.
i 1008; $1,690,000 Logansport, A Wabash 0s, J-D, duo 1925; $ 1,940,000
Hr.pout for 1901, with balance sheet, in V. 74, p, 678 (see also p. 730 , Fort Wayne, Os,.I .!, < no 1025; $900,006 L a fa yette 6s, M-N, due 1024;
1
ami editorial, p. 701), shows net profits, $38,915
Directors, V. 74, I $),940,000 Ohio S le d (is (.1 R), duo 1020 Earnings o f (1ve const.it
r.
P. 083, President, N. H. Heards Ice; Asst., See.,
Hunter, 1I f> I no tit companies for year ending Dee. ft I, 1300, were: ( ire •n, $1,901 ,Broadway, N ew York. Office, Scranton, P a .- (V. 75, p, 397, 552, 736.) i 371; net, 1,332,618; charges, $454,875; dividends, $802,500; construoN a t io n a l S u g a r K e f l n l n g . —OfiUAKfZAHort. incorporated tn Uon, $486,962; bah, sur., $28,276. I’re st, Ohas F. Dlel rrieh; Treas.,
New J ersejr on June 2, 1900, arid took o ver tlie New Y ork Sugar tleftn• A. H. Proai, 45 Broadway, N. Y. (V. 71, p, 1015,1
tug I’o.’s (Dosober) refinery, Long Island Oit.y, ! lie M ollrnliaiior reflu- 1 O m a h a W a t e r d o . O r g a n iz a t io n , HneeesHor In 139(1 of A m er
cry, Brooklyn, N. Y,. and the National refineries, Yonkers, N. Y. 'flic lean W ater-W orks Co. o f Illin ois, per plan In V. 62, p. 1,085. Block,
capacity nr the new company w ill be 10,000 barrels dally. V. 70, p. OntntMO.n, $2,500,o00,out issued; ou.istanding, first pref.. ft per cent.
•d'l'O Y. 71, p. 31, Stock, $ 10.000,000 6 p, e. ant.nillative preferred non-cOiu., $750,000; second pref., 5 p. o, non-mini., $1,000,090. I 'nr
and $ 10,000 000 common stock; all outstanding; par of shares, $ ] 00. : of shares, $80 Preferred stocks are subject to call at par, dividends
g lv . on prof., ) % p r u,/. J.t.pald Oct.. 2 , 1900 to Oct,
1902, Inch , being paid at Fanners' Loan A T r u s te e ., New York. Decision, see
No bonds. President. James II, Post; Vice- P r e and Treas.. F, D, V. 71, p, 015; V. 73. n. 1211
Dividends paid on first preferred!
Mollenhanor; Hoc., If, J>. Cory.—(V. 72, p. 483 )
1398, 5 per cent; 1800, 5 p» e.; 1000, 5 p, e„; 1001, 5 p, e,; l fin'A, 5 p. o,
N * w I* rlt C o n s o lid a t e d G a s .—OKOANfZ \ rfoN. Incorporated In I On second pref. 1 p, e, paid Aug-, 1890; 1000, 2 p. o.| 1001, 2 p. 0.;
New .Jersey on Nov. 30, 1898, and owns or controls ali the gas plants
I 902, 2 p, c.
g
172
INVESTORS’ SUPPLEMENT.
Last div., etc.
P a r. Interest. Outstand’g.
Securities.
None.
Common stock.............. $50
A u g 11,’ 02, 2i*
...
50
F&A
$750,000
Is tp r e f,, 5 p . c.
Aug. 1 1 ,’02,1
F&A
50
1,000,000
2 d p ref., 5 p. c ..
P rior lien gold
July 1. 1916
793,000
£ 1,000
J&J
$1,500,000.......
Consol, gold 4^-58, > , Arin
1948
3,577,000
1 1,000
J& J
$ 6, 000,000 ................ \ ’
Consols •
Both, issues o f bonds are subject to call at 105 per cent,
bear interest at 5 per cent from July, 1901.
President, Theodore C. W oodbury, N e w York; Sec., Eben Stevens,
N e w Y ork ; Treas., Stockton Heth, Omaha, Neb.—(V. 75, p. 345.)
O n t a r io & L a k e S u p e r i o r Co.—See Consol. Lake Superior Co.
P a c i f ic P a c k i n g & N a v i g a t i o n C o .—O r g a n i z a t i o n . - In c o r
porated in N ew Jersey in July, 1901, and acquired 16 o f the leading
salmon-canning concerns in Pu get Soundand A laska, including PaoifloAm erican Fisheries Co. (V. 70, p. 999), etc., but not the Alaska Pack
ing Association (V. 72, p. 672; V. 73, p. 34). - V. 73, p 142, 394. Official
statement, Y . 74, p. 1138. The Pacific [Selling Co., w ith $1,000,000
stock, is selling agent. V. 73, p. 960.
Stock authorized, $12,500,000 each o f common and 7 per cent cum.
preferred; outstanding, common, $6,150,000; preferred, $7,100,000.
A ll the stock w ill be held for 5 years in a v o tin gtru st. (V. 73, p. 239 )
O f the debentures (authorized issue $7,000,000), one-tenth are retlrable b y a sinking fund yearly, either by purchase in the open
m arket or through draw ings b y lot at 105 and interest
Under readjustm ent plan, Y . 74, p. 1143, the outstanding preferred
stock w as increased to $7,100,000, the $3,115,000 6 per cent deben
tures retired and $1,500,000 n ew 20-year 5 per cent debentures w ere
Issued, w ith $75,000 y e a rly sinking fund beginning Jan. 1, 1904,
any amount being subject to call (when drawn) on any interest day at
102is. This reduced the annual interest charge from $186,900 to
$75,000 and the sinking fund charge from $300,000 to $75,000.
R ep ort in Y . 74, p. 1138, showed estim ated profit fo r year ending
Dec. 31, 1901, on basis o f operation o f all the properties owned, of
$1,009,497; interest and sinking fund requirements, $480,000; bal.
fo r dividends, $529,497.
Officers .—Pres., Charles Counselman; V ice-Pres., Thomas B M c
Govern; Treas., Frederick F. Carey; 8ec., Roland Onffroy; Directors,
V. 73, p. 6 1 8 — (V .7 3 ,p . 960; V . 74, p. 1 1 3 8 , 1143; V. 75, p. 174, 736.
P a t e r s o n & P a s s a i c G a s & E le c t r i c C o .—Org anizatio n .
A consolidation in 1899. H as perpetual franchise, and supplies gas
and electricity in Paterson, Passaic, etc. See V. 71, p. 36.
U n d erlyin g bonds, V. 71, p. 37. N et earnings fo r 12 months ending
Mar. 1,1900, $275,272; interest, $219,987; bal., sur., $55,285.
Stock, $5,000,000, all outstanding (par, $100), o i which iarge m ajor
it y owned b y U nited Gas Im provem en t Co. O f the consol. 5s,
due March 1,1949 (Paterson Safe Deposit & Tru st Co., trustee), $1,044.000 reserved to redeem underlying bonds and $324,000,for im
provem ents and acquisitions. President, W illiam Barbour, Paterson,
N. J.— (V. 72, p. 441.)
P e n n s y l v a n i a E l e c t r i c V e h ic l e — Organization .—In corpor
ated in N e w Jersey as Philadelphia M otor W agon Co. and name
changed about March, 1899. Stock, common, $800,000 a ll outstand
ing; preferred, 6 per cent, $400,000. P a r o f shares, $10, as reduced
Dec., 1901. H as license from Elec. V ehicle Co. to operate in Penn.
R ep ort fo r cal. year 1901, V.74, p. 482. Pres., H erb ert Lloyd, Ph ila.—
V. 73, p. 1211; V. 74, p. 482.
P h i l a d e l p h i a E l e c t r i c Co.—Organization .—In corporated in
N ew Jersey on Oct. 6,1899, Controls uearly a ll of the electric light
properties of the city; also in W est Philadelphia and Chester. In Sept.,
1901, acquired $146,275 of the $150,350 Kensington E lectric L igh t
Co. Stock. V. 73, p. 496,680; V. 74, p. 1249.
Stock .—Authorized, $25,000,000, of which $12,250 in treasury; 20
per cent paid in; 10 per cent additional called, one-half payable Mar.
1 and rem ainder Sept. 1 , 1902. V. 74, p 156, and circular, p. 215. F irst
dividend, 15 cents per share, paid June 16,1902. V. 74, p. 1093.
B o n d s .—Collateral trust 4 per cent gold fifty-yea r certificates, dated
Oct. 16, 1899, amounting to $17,500,000 have been authorized, of
which $14,982,200 w ere used to purchase$14,994,100 of the$15,000,000
Penn. M’ f ’ g. L. & P. stock ($1,500,000 paid in) and all the $17,500.000 Nat. Elec, stock ($4,375,000 paid in), the balance to be
retained to acquire other electric properties in Philadelphia and adlacent counties. See V. 69, p. 797, and official circular, p. 853; and
official statement, V. 74, p. 1249. U nder agreem ent o f Oot. 12, 1899,
$2,000,000 old Phila. E lectric certificates w ere purchased, reducing
the amount outstanding to $11,266,700. V. 70, p. 331. In A ug., 1900,
purchased $2,000,000 fours, m ostly in the open market, the same
being placed in the treasury uncanceled and held a vailable as collat
eral fo r loans. V. 74, p. 215.
R eport .—Y ear ending Dec. 31, 1901, •with balance sheet, was in
V. 74. p. 882. Total gross inc.. $3,295,971; expenses, taxes, etc., $1,717,247; interest, $1,263,547; bal. surplus, $315,180.
President, Joseph B. McCall; Vice-Pres., W illiam F. H a rrity; Seo’ y,
A . Y. R. Coe; Treas., Wm. P. Conover, Jr. Office. N. E. cor. 10th and
Sansom Sts., Phila., Pa.— (V. 74, p. 1093, 1 2 4 9 ; V. 75, p. 669.)
P i t t s b u r g C o a l C o . — (“ R a il Coal Consolidation.” )— O r g a n i z a
t i o n .— Incorporated in N . J . in Sept., 189 9 , and in Oot., 1 8 9 9 , acquired
practically all the la rge coal mines tribu tary to railroads in the P itts
burg district, together w ith coal and ore docks, loading and unloading
dants at Duluth, Chicago, M ilwaukee, Cleveland, A shtabula and other
ake ports. Owns about 150 coal mines, w ith equipment, and over
150,000 acres o f coal lands in, or w ithin a radius o f 40 m iles o f P itts
burg, together w ith some 4,500 coal cars operating o ver railroads radi
ating from Pittsburg, Owns N orthw estern Coal R y „ whose 5 per cent
bonds it guarantees. See that company under “ Railroads.” —V. 71, p.
713. La te in 1901 leased Shaw Coal Co. properties (about 4,200 acres),
15 miles w est o f Pittsburg, fo r 40 years, and in Jan., 1902, about 5,000
acres in the H ocking V a lley. V. 74, p 376. In June, 1902, purchased
control o f the Pittsbu rg & Castle Shannon RR. and mines, and la ter an
in terestin th e Milwaukee W estern Fuel Co. V. 74, p. 1312; V.75, p. 669.
B onds.—The stockholders voted Apr. 29,1902, to issue $6,000,000 5
per cent gold bonds, secured by pledge of the stocks of some of the
f
subsidiary corporations. V. 74, p. 833.
Divid end s - O n pref., 1900, to Oct., 1902, 7 p. o. (Q.-J. 25).
R eport .—R ep ort fo r year ending Deo. 31, 1901, in V. 74, p. 376,
showed net profits after deducting expenses and all losses, $4,272,209; ro y a lty and depreciation, $1,172,671; dlv. (7 per cent) on pref.,
2,078,865; undivided profits, appropriated fo r p referred stook diviends and w orking capital, $1,020,673.
Officers .—Francis L. Robbins, Chairman o f the Board and Pres.;
Treas., John D. Nioholson; Sec.. F J. Le Moyne, 232 5tli A ve., P itts
burg. Directors, Jan., 1902, V. 74, p 100.— (V 75, p. 246, 669.)
P l a n t e r s ’ C o m p r e s s Co.—Organization .—Incorporated in Maine
on M ay 26, 1902, as successor o f a W est V irgin ia company o f the same
name, and the Indo-Egyptian Compress Co. unoer plan o f consolida
tion, V. 74, p. 833, 888. A lso purchased ->5 ginning plants, h aving a
“
capacity o f 350.000 L o w ry bales. V. 74, p. 1200. Manufactures
L o w ry presses and markets cotton and hay when compressed into
cylindrical bales. Owns entire stock o f Canadian (H a y) Balin g Co.
and patents in U. S. and M exico and 46 other countries (and colonies).
The n ew company had about $2,000,000 w orkin g capital. Stock, $6,750,000 common and $3,250,000 7 per cent non-uumillative preferred,
all ouBtanding, o f w hich $968,750 oornmon and $937,500 p referred
w ere reserved fo r acquiring additional ginning plants and other prop
erty, w ork in g capital, e tc .raA--.^
f
[V ol .
LXXV.
President, A rth u r R. Marsh; Chairman o f Board, Stephen M. W eld;
Vice-President, T. Jefferson Coolidge fr.; 2d Vice-President. G. T .
Francis; Treas., F. M. W akefield; See.. F. S. Goodwin; Directors, V. 75,
p. 80. Office, 183 Essex St.. Boston, Mass.—(V. 75, p. 80, 1139.)
I i h o d e I s l a n d - P e r k i n g H o r s e S lio e C o m p a n y .—Or g an iza
tion .—Manufactures horse shoes and toe calks a t V a lley Falls, R. I., 6
miles from Providence. V. 61, p. 1014. Stock—Common (or general)
stock, $1,000,000; pref., 7 per cent cum., Q J, $1,750,000 ; par, $100.
Dividends .— ) 1892. 1893-’ 95. ’ 96. 97. 98. ’ 99. ’00. ’01. ’ 02.
Comm on,p. c... > 12i* 10 yearly. 41* ................................................
P r e f erred,p.c... ) ■ 7 p. o. yearly.— —
5
4
4
4 5 (Q - J .)
St. L a w r e n c e P o w e r , —Reor. plan,V. 74, p. 683,1143; V.75,p. 195St. L o u i s T e r m i n a l C u p p le s S t a t io n &. P r o p e r t y . —In co r
porated in Missouri in March, 1897, and owns several blocks o f modern
slow combustion buildings, adjoining the T erm in al R ailroad Associa
tion’s tunnel in St. Louis. The buildings contain a union freigh t sta
tion connected w ith the Term in al RR., and enable the tw en ty large
wholesale houses which use them under lease to avoid the delay and
expense incident to the usual system o f cartin g to and from depots. See
fu ll statem ent in Chronicle , Oct. 16,1897, p. 730. The property was
in 1900 conveyed in fee to the W ashington U n iversity o f St. Louis,
which receives the entire incom e above expenses and fix ed charges.
Stock and B onds.—Common, $2,000,000; preferred 5 p. o. cumula
tive, $1,000,000. E n tire stock now ow ned by Washington U niversity,
St. Louis, M o.—V. 70, p. 1151, Th e bonds are now redeem able at 102.
R e p o r t .—R eport fo r year ending M ay l in V. 74, p. 1143, showed:
Tear.
R e c e ip ts . E x p e n s e s . Interest. Bal.,sur.
1901-2.......................................$317,662 $64,095 $135,000 $118,567
1900-1...................................... 314,764
86,475 135,000
93,289
Pres.. R o b ert S. Brookings.—(V. 72, p. 1 0 3 2 ; V . 74, p. 1143.)
S ilv e r B u l l i o n C e r t i f i c a t e s . —The silver bullion certificates
dealt in on the N. Y . Stock Exchange represent each 1,000 ounces of
fln esilver bullion deposited w ith the M ercantile Safe D eposit Co. o f N ew
Yorb, and are each subject to a storage charge o f tw o cents per day; bar
silver storage is one cent per day. A v . w eigh t o f bars is 1,080 oz.
S o u t h Y u b a W a t e r C o .—Owns 20 storage lakes and reservoirs in
Placer and N evada counties, California, 12 distributing reservoirs and
500 miles o f canal and pipe lines. Incorporated in California in 1854
and in N e w Y o rk in 1880. Supplies w a ter for household and municipal
purposes, pow er and irrigation , electric pow er and light.
A rea
supplied about 2,000 square miles.
Securities.
P a r.
Interest.
Outstand’g.
M aturity, etc.
Stock, $2,000,000.. ) $50
...........
$2,000,000
......................
1st m o rtg a g e......... > 1,000
6 A.&O.
436,000
Apr. 1,1910
) In terest at an V an Norden Trust Co., N. Y.
Consol, rntge., g o ld ,) 1,000
6g.-J.&J.
564,000
Ju ly 1,1923
$1,500,000 ..
..5 In terest a t Farm ers’ Loan & Trust Co., N. Y.
Balance o f consols are reserved to retire the first 6s. A pplication to
N. Y. Stock Exchange fo r listin g consols o f 1893 in V. 59, p. 700. F o r
year 1901, gross, $201,325; net, $121,315;int on bonds, $60,000: bal.,
sur., $61,315. In 1899, gross, $193,500; net, $114,595.
Officers .—President, W arner Van Norden; Secretary, W arner M.
Van Norden. Offices, 751 F ifth A ve., N. Y .; N evada City, Cal., and
Auburn, C a l.- (V . 59, p. 6 i , 697, 700.)
j
S t a n d a r d M illin e r C o.—Organization .—Incorporated in N ew
Jersey on Oct 31,1900, as successor o f the U nited States Flou r M il
lin g Co., p er plan in V. 70, p. 284, V. 71, p. 185, and owns 19 mills in
Minneapolis, Duluth, W est Superior, M ilwaukee, Buffalo, Syracuse and
N ew Y ork , and operates 5 m ills additional; to ta l daily capacity 47,000
barrels of flour. See V. 68, p. 873,929; V. 69, p. 29, 1010; V .7 1 ,p . 817.
The properties o f the old company w ere taken o ver M ay 11,1902.
Stock and B onds.—Stock authorized, $4,600,000; pref., 5 per cent
non-cumulative, $6,900,000. O f the n ew 1st 5s,$2,261,000 is reserved
to retire at par the $1,448,000 H ecker-Jones-Jew elllst 6sand$765,000
Northwestern Consolidated M illin g 1st 6s (see V. 70, p. 283). The plan
lim its the new m ortgage to $5,750,000, but permits increase o f this by
$500,000 fo r w orkin g capital, the bonds to be sold at not less than 95.
Charges, E tc .—Int. ch’ges, $310,110; sink, fund fo r bonds, $45,000.
E arnings .—First report showed $656,444 surplus earnm gs from
operations o f plants fo r periods ranging from 12 to 14 months ending
Sept. 30,1902, a fter deducting reorganization and receivership e x
penses.
Officers .—Chairman o f Board, B rayton Ives; Pres., Samuel Thomas;
1st Vice-Pres., Wm. L. Bull; 2d Vice-P., J. C. Klinck; Sec. and Treas.,
J. A . K n ox. Office, 37 W all St., N. Y .—(V. 75, p. 687,851.)
S t a n d a r d H o p e & T w i n e C o .—Incorporated N ov. 8,1896, underlaws o f N ew Jersey. Successor a fter fo re c lo s u r e o f the United States
Cordage Co., reorganized, V. 60, p. 1012; V. 63, p. 1064. Union Selling
Co. acts as selling agent. V . 7 5, p. 397, 613.
Owns 3 m ills in operation, viz., S ew all & D a y m ill at Boston (Alston),
Mass., and the W aterbury and Law ren ce m ills at Brooklyn, N. Y , be
sides tw o idle and partly dism an tled; also entire stock o f Cannabis
M fg. Co., owning 5 m ills—the Chelsea, Standard and Boston m ills in
Boston, Wm. W all & Sons o f Brooklyn and V ictoria o f Dayton. O ; see
V. 73, p. 614. Reports o f committees in V. 72, p. 987, 1140. A s to
com petition in June, 1902, see V. 74, p. 1255.
Stock and Bonds.—Capital stock is $12,000,000 (par $100); out
standing, $11,960,860. The first m ortgage is fo r $3,000,000, yearly
sinking fund 1 per cent of bonds outstan ding; firsts purchased for
sinking fund and canceled to Oot. 31,1902, $260,000. The consols are
non-cumulative incomes and en titled to one vo te for each $100.
Report .—Year ends Ju ly 31. R ep ort fo r 1901-02, in V.75, p. 610,
sh ow ed: Profit on the year’s operations after payin g interest on bonds
and borrowed money, $37,102; debit bal. Aug. 1,1901, $487,701;
w ritten o ff fo r certain losses sustained, $126,403; doubtful accounts,
$8,788; balance, deficit to profit and loss Aug, 1,1902, $585,790. Gross
sales in 1899-00, $4,255.342; in 1898 99, $4,999,275; in 189 -98. sur
plus o ver charges, $223,563, against deficit o f $i 67,836 in 1896-97.
President, Thomas Russell; V ice Prest., A lfre d R. Turner, Jr.:
Treas. and Sec., Joseph G. Taylor, 14-20 State St., N. Y . Directors:
Thomas Russell, W illiam Barbour, W. R. Potts, James B. Clews,
John Kean, A. R. Turner Jr., Joseph G. Taylor, Jos C. R eiff and E. Le
B. Gardiner. Office, 17 State St., N. Y .—(V. 75, p. 397, 6 1 0 , 613.
S u s q u e li a n n a C o a l . —See Supplement o f January, 1898.
T e m p l e I r o n C o .— Organization .—In corporated 1873 inPennsylvania, and in March, 1899, purchased anthaeite coal properties of
Simpson & Watkins around Scranton, P a .—V. 69, p. 231. Controlled
In the interest o f anthracite coal roads, Del. Lack. & West., Cent RR.
o f N. J., Reading Co , Lehigh V a lley, E rie and N. Y . Susq. < West.,
fc
which guarantee both stock and bonds. See V. 71, p. 1124,1170.
Stock and B onds.—Stock authorized, $5,000,000, guaranteed 6 per
oent, subject to call at par and accrued interest on Jan. 1, 1904, on 6
months notice, but absolutely payable by the R R oo’s Deo. 3 1, 1906;
present issue $2,500,000; par o f shares, $100. H eld in voting trust
by Guaranty Trust Co., which issues its certificates o f beneficial inter
est against same. Bonds are secured by stocks o f properties owned
and are subject to ca ll by sinking fund o f 15 cents per ton on coal
mined at 110 and interest; they are guaranteed, but severally in d if
ferent proportions, by the railw ays above named. Of the bonds the
$11,500,000 rem aining unissued are reserved fo r additional proper
ties. V. 71, p 1124, 1170.
O f f ic e r s .—P resident, Geo. F. Baer, Philadelphia, Pa.; Secy, and
Treas., A. F. L a w , Scranton, Pa. Directors, V. 74, p. 732.—(V. 71, p.
1124, 1170; V. 74, p. 634, 732.)
October ,
1902.]
MISCELLANEOUS STOCKS AND BONDS
T e x a s A T a c t i l e C o a l . —Owns 50,000 acres o f coal lands In
Texas. Business consists of m ining coal and m anufacturing coke,
brick, etc. stock $2,500,000; outstanding, $2,250,000. D ividends of
4 p.o. yearly (Q.—J.) w ere paid; A p r.,’98, 1 p. c., last paid. Mort. is fo r
$500,000 o f 6 p. c. bonds, due 1908 ; bonds fo r $258,000 in sinking
fund (in Jan., 1902), lea vin g $242,000 outstanding; interest A. & 0 .
at Central Trust Co., N. Y., the m ortgage trustee. President, E dgar
L. Marston, 33 W all Street, N e w Y o rk .—;V. 71, p. 1175.)
U n i o n B a g A P a p e r C o .— Organization .—Incorporated in New
Jersey on Feb. 27,1899, as a consolidation of o ver 90p. c. o f the paper
bag business o f the country. V. 68, p. 430; V. 69, p. 182. See Y . 71, p.
i 4j .
Assets and list o f properties see prospectus, Y . 68, p. 333;
rights o f stock, etc., V. 68, p. 675. Statement fo r 11 mos. ending Feb;
1, 1902, with balance sheet, was in Y . 74, p. 774, sh ow in gn et earnings,
$876,470; dividend on pref. (7 p. c.), $770,000; balance, $106,470.
D iv id e n d s .—On pref., July, 1899, to Oct., 1902, 7 p er an. (1% guar.)
Of f ic e r s .—P resident, L. G. Fisher; Is tV .- P ., I. B. Hosford; 2d V.-P.,
L. G. Fisher Jr.; Treasurer, Geo. R. Sheldon. Office, 1 Broadway, N.Y.
- ( Y . 72, p. 7 74; V. 73, p. 794; V. 74, p. 15 6, 7 74.)
U n i t e d B o x B o a r d A P a p e r C o .—O r g a n iz a t io n .—I ncorpor
ated in N e w Jersey on M a y 28, 1902. and took o ver as o f Jan. l , lu02,
per plan Y . 74, p. 375, the leading straw-board and box-board com
panies (Am erican Strawboard ( o., Traders’ P a p er Co., Lookport. N. Y .,
etc.) in the country, h aving a capacity o f 1.364 tons daily, including
90 to 95 p er cent o f the output o f straw board and new sboard in the
country. aee V. 74, p. 1041.
8tock authorized, $15,000,000 each o f common and 7 per cent cumu
la tiv e p re fe rre d ; outstanding, $14,018,500 comm on and $14,946,900
preferred. O ver a m a jority has been deposited in a stock pool fo r one
year from Aug. 14, 1902. Y . 75, p. 398. Conversion o f pref. stock
into bonds is expected to be vo ted on shortly. Annual profits o f
merged properties fo r three years w ere reported as$l,667,000, equal to
7 p. c. on pref. and n ea rly 5 p. c. od common stock o f n ew company.
President, James A . Roberts; 1st Yice-Pres., R. F. Newcom b; 2nd Y icePres., Chas. D. Brow n; Secy. W. C. 8taley; Treas., Eugene M. Ashley.
Directors, Y . 75, p. 247. Office, 11 B roadw ay, N. Y .— (Y. 74, p. 1146;
V. 75, p. 33,195, 247, 398.)
U n i t e d E l e c t r i c C o . o f N e w J e r s e y . —Or g a n iz a t io n .—I n co r
porated on M arch 6, 1899, in N e w Jersey, in the in terest o f the U nited
Gas Im provem en t Co. o f Philadelphia, and absorbed 21 electric-light,
heat, and p ow er cos. o f Northern N e w Jersey. Stock, all common,
$20,000,000; all outstanding; par $100. Bonds, $20,000,000 50year gold 4s, in terest guaranteed fo r the first five years b y the
U nited Gas im provem ent Co. (see V. 68, p. 476,620,1134; Y . 72, p.
1038). Bonds are $500 and $1,000 each, interest bein g payable J-D
at N ew Jersey T itle Guarantee & Trust Co., Jersey City, trustee.
The Consumers’ Ligh t, H ea t & P o w e r 5s and N orth Hudson Ligh t,
H ea t & P ow er bonds, both aggregatin g, it was reported, about $400,000. are among the u nderlying bonds. F or year ending Jan. 31,1902,
ross earnings, $1,677 322; net, $753,414; interest on bonds, $698,134;
al.^surp., $55,2s0. President, A . B, Carlton; Treas., Lew is L illie;
Sec., L. D. H. Gilmour. Office, N ew ark, N. J. - ( Y . 4, p. 482.)
f
U n i t e d S h o e M a c h i n e r y C o .—Incorporated in Feb., 1899, in N. J.
V. 68, p. 333, 430; Y . 74, p. 430; V. 75, p. 851. Stock, common, $12,500,000; outstanding, $10,720,300; preferred cumulative, 6 per cent
$12,500,000; par, $25; outstanding, $9,936,450. Balance sheet Mar.
1, 1902, V. 74, p. 935. U nderlying bonds, $250,000 In tern ation al
Goodyear Shoe Machinery; m ortgage assumed, $60,000. In 1902, pur
chased control o f 95 per cent o f the to ta l eyelet output o f the U. S.
Y . 74, p. 892.
D iv id e n d s .—F irst dividend, ^ p er cent on preferred and 23 per cent
on common, paid A p ril 15,1899. V. 68, p. 525. On common, July,
1899, to Oct., 1902, inclusive, 8 p. c. yearly (2 Q-J). On preferred, July,
1899, to Oct., 1902. inclusive, at 6 p. c. per annum, payable quarterly.
Annual statement March, 1901, V. 72, p. 584; 1902, V. 75, p. 81.
In June, 1902, Wm. A. Read, o f Y e rm ily e & Co. o f N e w Y ork , was
elected a director. V. 74, p, 1312.
President, Sidney W. W inslow o f Boston; Treas. and Gen. Man., Geo.
W. Brow n o f Boston. A lb a n y B l’ dg., Boston, Mass.—(V. 74, p. 430,
892, 93.3, 1312; V. 75, p. 81, 851.)
U n i t e d S t a t e s C o a l & O i l C o .—Or g a n iz a t io n .—N ame was
changed from U nited States Oil Co. on June 2,1902, and the Islan d
Creek Coal Co. o f W est Va. absorbed, p er plan, V, 7 4 , p. 1 1 4 6 .
Owns in fee 30.000 acres o f bituminous coal lands in Logan
and Mingo counties, W est Y a., and is building a 10-mile ra il
road
Stock (increased June, 1902, from $2,500,000), $6,250,0<0;
outstanding, $6,000,000; par $25. D ividend o f $1 (of which 50 cents
extra) per share paid A p ril 1, July 1 and Oct. 1, 1899 ; 1900, Jan. 1,
$1 25 (of which 50c. extra); A pr. 2, 50c.; Ju ly 2, 50 cts.; Oct. 1. 50
cts. N one since to Oct., 1902, Y. 71, p. 1273. R ep ort fo r 1900-01,
Y . 74, p, 92. President, A lb e rt F. Holden, Cleveland, O ; See’y
and Treas’ r, F. W. Batchelder, 4 P. O. Square, Boston. N e w directors
June 1902, Y . 74, p. 1200 - ( V . 70, p. 32 7 ,5 9 2 ; V. 71, p. 817, 1273: V.
72, p. 3 9 1 ; V. 73,|p. 856; Y. 74, p. 9 2 , 1146,1200; V. 75, p. 139, 803.)
U n i t e d S t a le * C o t t o n B u c k C o r p o r a t i o n . — O r g a n i z a t i o n .
— Incorporated in N ew Jersey on June 4, 1901, per plan in V. 72, p.
992, 1038, 1241, as a consolidation o f the M ount Vernon-W oodberry
Cotton Duck Co. (see list 14 m ills V. 69, p, 129.) Stark Mills, (V. 72,
p. 940, etc , et rtain additional properties to be operated under option
of purchases o Jan, 1,1903. V . 72, p. l l t o .
St o c k . Authorized, $15,000,000 each o f common and 6 per cent
cumulative preferred, as reduced Feb., 1902.
V. 74, p. 331. The
Jan., 1902, cum ulative Int. on the Mt. V em on-W oodberry incomes was
passed; In Aug. 1902, ‘ H p. c. paid, V 75, p. 247, 347.
I
D iv id e n d s — O n pref., 8 p. 0., paid Sept, 15,1902. V. 75, p. 247.
E a r n i n g s —N et Income for 10 mos. ending Apr. 30, 1902, $231,332;
Int aud gen, e* ponses, $53,001; dlv. on pref. stock (3 p. e.) $82,500;
bal.. siir., $95,231. V. 75, p, 247.
Chairman of Board, S. Davies W arfield; Pres’ t, Tren or L. Park,
Equitable Building. Baltim ore, Md. Directors ami officers, V. 74, p.
331, - (V, 74, p 216, 331, 385; V. 75, p. 247, 291, 317.)
U n it e d S t a t e * E n v e l o p e . —In corporated In 1898 under the laws
of Maine.
Absorbeti ten companies named in V, 06, p. 1003,
producing over 90 per cent, o f the com m ercial envelopes in the United
States. Output 17,000,000 dally; capacity o ver 20,000,000 daily.
Stock $1,000,000 com,, Issued $750,000; par, $100; p ref.,$3,750,000;
par, $100. Mortgage bonds, $2,000,000. Hen V. 60, p, J003; V, 07,
I79 Debentures, $250,000, due $25,000 yearly. V. 74, j>. 385.
eo., 18!)M paid 2 p, 0. mi pref.; .June, i« 9 9 to Sept., 1901, lied., 7 p. o.
per arm, (Q-M jj 1902, arch, 2 ‘a p. 0.; Hep,, 2 l« p. c.
K* pert fo r year ending June 80, 1902, with balance sheet,, In V . 7 ‘>
,
p. 496 showed : Net profit, $485,010 ; tut. on let inert, bonds, f 120,000; litv. n pref. stock (5 p.o.), $187,500; sink, fund and depreciation,
$10 ,871 ; bal., m i r. $72,030.
Ot kiokrk . President, ft. if. Hutchins: Treas,, R. W. Day, Springfield,
gee,, W, M. W liarfiebl, Springfield, Mass. (V, 75, p. 4 9 Q,
U n it e d S t a t e * H o r lg H g o A T r u s t <:<».—Chartered In 1871,
Formerly y, ft Morlf/ayr. ()o.\ present name in mimed (>>),. 23, 1495,
STUCK. - Capital stock Pi $2,000,000; par, $100. .-orpine, ! ,000,000.
undivided profit* July 1, 1902, $341,015.
D iv id e n d s . In 1894 t;
p.e.j 95, 6 ; '96,6; *07, 0 ; '88, (Pa.; ’ >9,9; 1900. 10; 1901, I I ; E>02, 13.
Bo n o s . —The series o f m ortgage trust bonds, $ 1.000.000 each, are
secured by deposit, with trustee of first m ortgage* on Im proved city
real estate " In amounts at least, equal to the bonds outstanding/*
«ee application to H«t $5,000,000 bonds given In full !n V. (17, p, 487.
&
m
Officers .—President, G eo rg e.W . Y o u n g; Vice-President A rth ur
Turnbull; Treasurer, Clark W illiam *: Secretary, Wm. P. E lliott; Asst.
Secy., Richard M. Hurd. —(V. 75, p. 81,347.)
V i r g i n i a A T e n n e s s e e C o a l A I r o n . —S t o p , o f Oct., 1897.
V i r g i n i a I r o n C o a l A C o k e C o .—Organization .—Owns fu r
naces at Roanoke, Pulaski, Buena Vista, Radford, Graham, M ax
Meadows and Reed Island, Va.; Bristol, E m b reeville and Johnson
City, Tenn., and Middlesborough, K y .; R ad ford P ip e W orks, Radford,
Ya.; Crescent Horseshoe W orks, M a x Meadows, Va.; steel works at
Middlesborough, K y., and certain foundry and machine works. A lso
owns about 132,000 acres o f coal lands, and owns and controls about
209,000 acres iron ore and tim ber lands, together w ith all the bonds
and h alf o f the $2,000,000 capital stock o f the V irgin ia & Southwestern
Ry., w hich extends from Inm an, Va., coal mines to Mountain City,
Tenn , 137 miles. V. 68, p. 675; V. 69, p. 388. In 1901 A rch er a !
Ph legar o f Christianburg, Va., and H en ry K. M oH arg o f N e w Y o rk
w ere appointed receivers. Y . 72, p. 286, 679.
Stock authorized, $10,000,000, all com m on ; outstanding, $8,641,600;
par $100. U nder re-adjustment plan, V. 75, p. 348, 398, 736, the
holders o f the 1st 5s o f 1899 received 5-year 5 p. c. scrip (about $365,1 00) due Sept 1,1907, fo r Sept., 1902, and 8ept., 1903, coupons. Un
derlyin g b*nds are $585,000 C arter Coal and Iron and $100,000 Va.
& Tenn. Coal & Iron bonds. President, H en ry K . M oH arg, N e w York.
Office, Bristol, Tenn. - (7 . 75, p. 348, 506, 736, 803,)
U V e ls b a c k C o .— Organization .—In corporated in N ew Jersey Apr.
28, 1900, as a consolidation per plan (V. 70, p. 898) o f the Welshach
L igh t and Welshach Com m ercial Companies. Th e U nited Gas Im
provem ent, it is understood, owns control. Stock, $3,500,000, par $100.
D iv id e n d s .—2 p. 0. paid June 28,1901; in 1902, June 27, 2 p. o.
B onds .—O f the $7,000,000 gold 5s (P rovid en t L ife & Trust Co.,
Philadelphia, trustee) $409,000 reserved fo r w orkin g capital, etc.
R eport .—F o r year ending M ay 31,1902, profits w ere $538,536; in
terest and sinking fund, $431,660; dividend, 2 p.o., $70,000; bal., but.,
$36,877. In i 900-01, profits, $625,837.
Pres., Sidney Mason; Sec. and Treas., L ew is L illie. Office, N. W. cor.
Broad and A rch Sts., Philadelphia.— (V .7 4 ,p . 101.331; V. 75,p. 565.)
W e s t c h e s t e r L i g h t i n g . —Organization .— corporated on Nov.
In
6,1900, and absorbed various gas and electric-light companies sup
p lyin g territo ry in W estchester C om ity north o f N ew Y o rk City. See
V. 71, p. 1023,1175. Stock (of which a con trollin g in terest is ow n ed
b y the U nited Gas Im provem ent Co. o f P h ila.), common, $10,000,000;
preferred, 5 per cent (cum ulative a fter Jan. 1, 1904), $2,500,000;
par o f shares, $100. O f the gen. 50-year 5s, $5,550,000 are to be used
from tim e to tim e fo r additional extensions and new properties and
$460,000 to redeem an equal amount o f underlying bonds outstand
ing, viz., $22,000 Municipal Gas Co , $343,000 N. Y . Suburban Gas
Gas Co. and $95,000 N ew Rochelle Gas & Fu el C ■.; see list, V. 71, p.
1175. President, Wm. W. Scrugham; Sec.,B . W. Stilw ell; Treas., L ew is
Lillie. D irectors, V. 71, p. 1175; V. 71, p. 1175. 1224.
R A ILR O A D C O M PAN IES.
SUPPLEMENTARY.
A r k a n s a s M i d l a n d B B . —Owns from H elena, A rk., to Claren
don, 50 miles; Pin e C ity to Brinkley, A rk., 24 miles. Capital stock,
$1,490,700 (p a r $100.) D ividends paid: In 1895-6, 1-348 per cen t;
in 1896-7, -74 p. c.; In 1897-8,1-92 p. c.; in 1898-9 (i); in 1899-0,
0 -61 p. c. In 1901 entire stock was acquired by Mo. Pae (St. Louis
Iron Mountain & So. R y.) V . 74, p. 206, 574. Year 1900-01, gross,
$132,721; net, $57,678; interest and taxes, $16,785; dividends, $10,000. President, G eorge J. Gould.— (V. 72, p. 935.)
C a l g a r y A E d m o n t o n B y . —Owns from Calgary, Canada, to
Edmonton, Can., 191 miles, and to F o rt M cLeod, Can., 104 miles.
Leased at cost o f operating July 1,1896, fo r 5 years to Can. Pacific, V.
62, p. 1086. The G overnm ent subsidy (o f £16,000 per annum fo r 20
years) and tota l net earnings w ill he applicable to paym ent o f in
terest, the balance o f any coupon to receive scrip—redeem able out o f
surplus earnings. On Jan., 1897, coupon 1 p. 0. was p a id ; on July,
’ 97, coupon, 1*4 p. 0.; Jan., ’ 98, 1% p. 0.; July, 2 p. c.; Jan., 1899, 2
p. c.; July, 2 p . e.; Jan., 1900,1 %p. c.; July, 2 p. 0.; 1901, J a n .,li4 p .e .;
July, 2 p. c.; 1902, (1). Land grant 1,888,448 acres, o f which 407,402
acres unsold held (Oct., 1901), b y G overnm ent against subsidy. Stock
$1,000,000. par $100. In 1899-0, gross, $319,501; net, $121,639.—
(V. 73, p. 31.)
C e n t r a l B y . o f N e w B r u n s w i c k . —N orton Station (on In t e r
colonial R y.) N. B., to Chipraan,N.B., 46 miles, opened in 1888. Stock,
$900,000, all outstanding. Bonds issued, $540,000 fifty-yea r coupon
6s ($1,000 each), due N o v 1,1937, inn, M.-N., payable in N e w Y ork ,
N. Y „ London, England, and St. John, N. B.: Central Trust Co., N. Y .,
Trustee. Year ending June 30,1900, gross, $10,616; def. under operating, $9,881. Pres , 0. Ford Stevens, See., W . J. Fow ler; Treas. and
Gen. Mgr., E. G. E v a n s .-V . 63, p. 116.
I n t e r o c e a n i e B a i l w a y o f M e x i c o , L i m i t e d . —V era Cruz to
M exico C ity, M ex., 342 miles; Los Reyes to Pu ente de Ix tla , 123
m.; L osA rcos to Tlacualpioan, 72 m,; other, 18 miles; total. 555 miles.
In Nov., 1901, the M exican Eastern Ry., Lim ited was form ed, w ith
£10,000 share capital, to be owned b y the Interoceanie, to pur
chase the narrow-gauge lin e from San Marcos to Tezu itlan. 79
miles, and build from Virreyes to San Nioolas, 61 miles, the whole to
he leased fo r 80 years fo r a rental sufficient to m eet the general ex
penses and interest on the debenture capital, o f which £400,000 to be
issued for the purchase and extension o f the road, and in addition,
a ft > r 1920, a fund tow ard the redem ption o f the debenture stock. The
company w ill have the righ t after June 1,1914, to purchase the Mex
ican Eastern Ry. fo r a sum sufficient to redeem the debenture stock.
V. 73, p. 1263.
O r g a n i z a t i o n .— Chartered A p ril 30,1888, by the M exican G o vern
ment; concessions expire 1982, when State m ay purchase rights upon
certain fixed terms. In 1896 reorganized per plan In V. 62, p. 364. In
Sept., 1902, the Mexican G overnm ent secured control. V. 75, p, 793.
Hm u ik it ik h . - o n Dee. 14, 1900, £1,300,000 of 4 >0 p. 0 . 2d debenture
stock was authorized. See circular, V. 71, p. 1120, as to rights etc.
E a r n in g s . - Ju ly l to June 21, 1902 (11% months) gross, $4,180,205,
against $ i , l 13,5,0 In 1900-1,; 3 mos, ending Sept, 30, 1902, gross,
$1,047,530, against $861,190 in 1901.
Year endtd June .'(0:
Grom,
Net.
Net in M.
1900-01
........... M ex.) $4,211,0*6 (M ex.) $901,994
£100,983
1899-00 ............ ..(M ex .) 4,166,679 (M ex.) 1,109,164
115,468
N et revenue account fo r 1900-01 showed £51,039, leaving, a fter
distribution o f 7 p. 0 , to " A ” debenture stock, a balance o f £102 to
carry forward to credit o f " I f stock. Hoc., O. E. Hornby. Trims. 11.
FrlcdfirlehHen,0 New Broad St., London
(V. 74, p. 0-0; V, 75, p, 793.)
L o i i I hI x m> s o u t h e r n B y . —Operates from New Orleans in E clair
and Shell Bench, 45 miles, A reorganization o f New Orleans A South
e rn , foreclosed October 20, I 406. Hee V. 64, p. Hit, In Jan,, 1901, the
United Ry. Trading Oo. o f England acquired control, together with the
Ken 11*worth Sugar Est ates, I Jut., about 10,000 aero*. V 72, p. 87.
Stork, $300,000, all out' 0 iMidlng; par $100. Year I ~>00 00, gross. $00,785; net:, $21 ,109; Int. and I,it s., $19,032; bal., stir., $ 1.776, (V. 72, p. 87, S
Jl a r o l l D u b lin A Sn V in t m t It I S I t . —Owin' road completed front
Macon to D u blin ,5i miles; projected (.0 Savannah, 90 miles additional,
of which 7 miles eit»< from Dunlin, together with branch from eastern
terminus o f line to Vldalln, 33 rn., completed In Jan., 1002; total, 04
m. Owned by the til. & O h, Im provem ent Co, o f Chicago, V. (J , p
O
711,704,873, In .July, 1901, made a $1,500,000 m ortgage to the
174
INVESTORS’ SUPPLEMENT
[V ol
LX X V .
Am er. T. & 8av. Bh. o f Chicago as trustee. V. 73, p. 184. B ills payable i of shares, $100. In Ju ly $500,000 bonds w ere underwritten. See
I
June 30,1900, $22,963. In year ending June 30,1902, gross, $117,953; V. 75, p. 136. Y e a r ending June 30,1901, gross. $66,945: net, $33,051;
net $20,705. Stock $1,250,000; par,$ 1 0 0 — (V. 73, p. 184; V. 75 p.342.) other income, $1,165; total deductions, $10,303; dividends (1 p. o.),
M a n i t o u & P i k e ’ s P e a l t B y .- M a n it o u , Col., to summit of $4,000; bal.. sur., $19,913. President, Wm. H. Bosley, Baltim ore, Md.
P ik e’ s Peak, 8-9 miles, standard gauge. Operated from A p ril to N o - ( V . 75, p. 136, 851.)
vem ber, yearly. Stock, $500,000; par o f shares, $100. In <>ot., 1902,
V e l a s c o R r a z o s «fc N o r t h e r n R y . —Road from A nchor to Yelasco,
a ll coupons due had been paid. F o r year ending N ov. 30,1901, gross, Tex., 20 miles. Successor in July, 1901, to Velasco Term in al By., fore
$88,142; net, $3",550 ; interest on bonds, $25,000; taxes, $1,689; bal., closed M ay 7, 1901. Stock authorized, $200,000. In Feb., 1902, ob
sur., $10,861. President, C W. Sells; Y.-P. and Treas., Z. G. Simmons; tained authority to issue $200,000 bonds. V. 74, p. 207. F o r year
1899- 00, gross, $17,026; deficit under oper. exp., $27,579. Pres., C. C.
Sec., J. B. Glasser. Office, Manitou, Col.—(V. 71, p. 646.)
M a r i c o p a <fc P h o e n i x & S a lt R i v e r V a l l e y R R . —M aricopa W aller; Vice-Pres. and Gen. Mgr.. E. P. 8peers; Secy., L. B. Bryan,
to Phoenix, A riz, 36 miles ; Tem pe to Mesa, 7 miles; total, 43 miles. A Velasco, T e x . - ( V . 73, p. 1113; V. 74, p. 207; V. 75, p. 343 )
consolidation in Dec., 1895, o f the M aricopa & Phoenix R R , and
W a b a s h C h e s t e r <fc W e s t e r n R R . —Chester, 111., to Mt. V er
Phoenix Tem pe & Mesa By. Stock, $i ,000,000; par, $100; o f which non, 111., 65 miles. Stock $1,250,000; par, $100. Coupons due July,
Southern Pacific Co. owns $510,000. Bonds o f 1895 have a sinking 1894, paid July, 1896. F o r year ending June 30,1902, gross, $97,782;
fund o f $6,000 annually after 1900. V. 67, p. 1357. Y e a r ending June net, $18,509; interest on bonds, $34,500; bal., def., fo r year, $15,991.
30, 1900, gross, $141,888; net, $54,228; int. on bonds, $36,200; taxes,
W a r r e n & C o r s i c a n a P a c i f i c R y . —W arren to Cam pw ood,Tex.,
$5,082; bal., sur., $12,946. Pres., Sidney M. Smith; Sec. and Treas., 20 miles; extension projected from W arren to Corsicana, about 150
F. I. Kendall, Crocker Building, San Francisco. Cal.—(V. 67, p. 1357.) miles Stock, $100,000, par o f shares, $100. In N o v , 1901, applica
M e x i c a n R a i l w a y , L i m i t e d . —C ity o f M exico to V era Cruz- tion was made fo r authority to issue bonds at $15,000 per m ile Pres
264 miles; Puebla branch, A pizaco to Puebla, 29 miles; Pachuca branch’ ident, J. T. Cam pbell o f Houston, Tex.; Treas. and Gen Man., I. L.
C a m p b ell; Secretary, Y . W. M cN eil F o r year ending June 30,1901,
Ometusco to Pachuca, 28 miles; total, 321 miles.
gross, $52,755; net, $ 1 4 ,3 9 5 .-(V. 73, p. 1209.)
Organization .—Incorporated A u g. 20,1864, as Im p erial M ex. By.
W a s h i n g t o n C o u n t y R R . —Owns W ashington Junction, on the
Dividends on
t 1897. 1898.
1899. 1900. 1901.
1902.
Maine Central Railroad., northeasterly to Calais, Me., 103 miles,
ls t p r e f. (p. c.)
\ 2&i«
24*
3 i«
33g
27,«
May, ^
w ith branch to Eastport, 15 miles, and Princeton, 19 miles, a tota l
E arnings .—Jan. 1 to Sept. 30,1902, 8% months (M exican currency)
gross, $3,603,600; in 1901, $3,108,900. F o r year ending Deo. 31, length o f 137 miles. Stock, common, $1,500,000. The preferred,
1901, gross, $4,402,298, against $4,489,135 in 1900; net above oper $500,000, 5 p. o. non-cum., is all owned b y Wash. County. Y e a r
ating expenses, $1,633,878; tota l net revenue, £164,287; deb. interest, ending June 30, 1902, gross, $261,924; net o ver taxes, $82,909. In
1900- 1, gross, $226,590; $25,164. Frederick W. W hitredge, Pres.
£120,000; div., m p. c., £38,311.
Chairman, Marlborough B. Pryor; Sec’ y, John T. Denniston, London, Frank E. Randall, Treas., 59 W all St., N ew Y o rk .—(V. 73, p. 186.)
Eng. London offices, 45 N ew Broad St., E. C.—(V. 66, p. 1001.)
W a s h i n g t o n & F r a n k l i n R y . —H agerstow n, Md., to Quinsonia,
M e x i c a n S o u t h e r n R a i l w a y , L i m i t e d . —Puebla to O a x Pa., 14-37 miles; was bu ilt in 1898 and extended from Quinsonia to
aca, M ex., 228 m.; sidings, 11m.; all narrow-gauge; branch, standard Zumbro, 5 miles. The lin e is leased to W estern Md. at 5 p. c. on cost.
Stock, $150,000, was increased fo r im provem ents authorized in
gauge, 32 m .,Tehuacan to Esperanza; other, 3 m.; total, 262 m.
1901.
made a
Organization .—Chartered in 1889. Concessions commuted by pay A pr.,to the Restimated to cost $78,750 In Aug., 1901,$475,000 m ort
eading Trust Co., as trustee, to secure
first
ment in 1892 b y M exican G overnm ent o f $8,000,000 6 per cent 50- gage
year silver Mex. Govt, bonds. These bonds are subject to sinking m ortgage 5 per cent gold bonds, coverin g the A iten w a ld cut-off o f the
fund o f
per cent per annum, and ex p ire June 8,1990, w hen the W estern M aryland.— (V. 72, p. 676 ; V. 70, p. 478; V. 73, p. 392.)
road passes to the State w ithout paym ent, except fo r stations, ro llin g
stock, etc. In 1896 reorganized per plan in V. 63, p. 229.
IN D E X T O A D D I T I O N A L C O M P A N I E S .
Securities .—Prin cip al o f 1st debenture stock is redeem able a t 110
per cent out o f sinking fund from redem ption o f $8,000,000 M exican
V o l . Page.
Vol. Page.
silver bonds, deposited under trust deed. In terest on 2d debentures A la. Consol. Coal & Ir o n ....... .75
443 Kanawha &Hock.Coal &Cokfc.75
796
907 Kansas City Stock Y a rds___ 75
Alabama A Georgia Ir o n ....... .09
is payable o nly out o f profits on Feb. 1 and Aug. 1. On ordinary
013
668 K e rn Incandescent Gas l ... .70
Alabama Steel & W ire Corp..75
534
shares 1 p. c. was paid fo r year ending March 31, 1897; year 1897-8,
Am erican Brake Shoe &
K irb y Lu m b e r........................
138
l ^ p . c.; 1898-9, l ^ p . c.; 1899-0, 2 p. c.; 1900-1, 2i2p. c.
Fou ndry ............................... 74
831 Knickerbocker (In d .) Telep.
E arnings .—Y ea r ending March 31,1901, gross, £84,306; net, £34,- Am erican Brass..................... 73
901
A T . o fN . Y ..........................
545
229; tota l net income, including interest on $8,000,000 M ex. Govt, Am erican Caram el................ .72
678 Lackawanna Steel .............. .74 1142
672 Lanston Monotype M achine.75
133
subvention bonds, etc., £83,721; charges £51,183; renew al and con Am erican Cement.................. .72
85
tingency fund, £5,000; div. (2 ^ p. c.), £25,000; bal., £ 2 ‘538. In 1899-0, Am erican C onfectionery.... .71 1014 Lincoln Gas A E le ctric........ 78
774
.74
238
gross, £64,662; net, £23,506. A p ril 1 to Sept. 21 in 1902, 53i months American Cereal..................... Ju ly , 1898 Magnus Metal........................ 72
Am er. Elec. H eating. .S u p .
M anhattan O il.......................
189
(M ex. cur.), gross, $461,970; in 1901, $398,829.
634 Manhattan T ra n s it.............. ,75
Am erican G ra th -o -p h o n e ... .72
009
187 M anhattan Typ e w rite r....... .72
Officers . - Chairman, G. E. Paget; Sec. Thomas Lin ton , 16 Finsbury Am erican Grass T w in e ....... 75
440
479 M anufactured Rubber........ .75
A m er. Hawaiian Steamship .74
851
Circus, London, E. C.—(V. 63, p. 229, 1 1 1 2 .)
Am erican Lim e & Stone....... .73
617 M anville C o ...........
72 1037
M i n e r a l R a n g e R R . —Houghton, Mich., to Calumet, Mich., 14 Am erican L u m b e r .............. .74
96 Marconi Wireless Telegraph.75
652
miles; Hancock to end o f track, 27 miles; branches, 24 miles; South Am erican Mail SS................ 68 1221 Massillon Coal M inin g.......... 73
141
Am erican M arket.................. .68 1178 Michigan Telephone........... .76
861
Bange extension, K ew een aw B a y to B id d le t Junction. 36 m iles.opened
431 Milwaukee & Chicago B re w ..74
99
Dec. 2 4 .1900; trackage, 26 miles; total, 127 miles, all standard gauge. Amer.Mutoscope &Biograph.70
Am erican R y. Equipm ent .. .68
974 Missouri E d . Elec. Co.of 8t.L.78
794
H istory , Etc.—B eorganized in 1891. On June 1,1901, the Hancock Am erican Rice....................... .70
585 Monongahela Light A Pow er.73 1163
& Calumet BB. was merged (V. 73, p. 785). In year 1895 paid d iv i Am erican School F u rn itu re ..72 1079 Mosler Safe Co. of Boston.. .70
840
.74 1306 National Cash Register........
dends lO ^ p. o.; in 1896,7 p.c.; 1897,7 p. c.; 1898, 3 ^ p. c.; none since to Am erican Screw........ .......
1151
Am erican Sparklets
.. .. .74
885 National Fireproofing .........
429
Jan., 1902. In A p ril, 1901, authorized stock w as increased to $800,Am erican Sw itch................... 60 1303 National Fish ..........................
680
000; outstanding, $743,400, par $100.
A m er. W oodw orking Mach .73 1358 National Gramophone.......... .73
018
B onds.—Consols fo r $7,C00 are reserved fo r $11,100 old bonds. Ames Shovel.......................... 73
893 Nat. Roofing A Cornip'atin* .71
845
O f the $593,000 outstanding, $339,000 are 5s; the Canadian Paoifle A rm o u r & Co...........................
292 National Sugar Retm ing....... 72
483
579 National T y p e w rite r........... .68
on June 30.1902, owned the rem aining $254,000, which are 4s, and Atlas T a c k ...............................
872
886 National W itch H a ze l......... 72
725
the $1,000,000 general m ortgage 4s, both o f w hich it guarantees as to A tla ntic Tra nsp o rt................ 74
Baltimore Brick..................... 75
292 New England B ric k .............. .78
960
interest. V. 75, p. 554. See V. 73, p. 556, 616; V. 73, p. 785. O f ton Birdsboro Iron & Steel.......... .69
908 New England Consol. Ic e ... 75
242
nage in 1901 73 p. c. was ores and m ining products.
965 New H a v e n Iron A Steel___ 75
Borax Consol. L im ite d ........ .71
552
579 New Jersey Z in c................... 74
99
E arnings . - F o r 2 months ending A ig . 31, including the form er Borden’s Condensed M ilk . 74
Boston Eleciric L ig h t .......... 72 1282 New Orleans Brewing Co ... .73
35
Hancock & Calumet in both y e a r s :
Boston Quicksilver..............
635 New Orleans Gas L ig h t........ .72
078
Net.
2 mos.
Gross.
Other inc.
Oharges.
Bal..sur.
British Columbia Pack. A s ’n.74 1806 New Orleans Lighting.......... 74
991
1902.......... $93,197
$16,497
$290
$16,394
$391 Brooklyn Borough G as........ 70
586 New York A u t o -T ru c k ......... .« »
1196
1901....... . . 107,223
26,200
105
870 N. Y . A Ontario L a n d ..S U P Jan.. 1900
16,389
9,916 Brooklyn Development....... ,68
Dock
.68
976 N, Y . & Penn. T e l. A T e l....... 71
1123
B efort .—F or year ending June 30, 1902, gross, $592,648; net, Brook!vn Gas && Term inal. .73
Brooklyn
Elec. L ig h t
618 New Y o rk Shipbuilding........
557
$89,715; interest, etc., $83,542; bal., surplus fo r year, $6,173. In
Buffalo & Susquehanna Iron.76
79 New Y o rk Steel A W ire ....... 73
630
1900-01, including form er H ancock & Calumet fo r one month only, B utte Electric & Power...... 73
139 New York Suburban W ater. .74
99
gross, $344,338; net, $42,921.—V 73, p. 32, 616, 785.
Butterick Co
..................... 75
237 N orth. A la. Coal, Iron A R y..72
242
Canada Cvcle A M o to r.......... .69
543 Nova Scotia Steel A Coal
897
75
M i n n e s o t a & N o r t h W i s c o n s i n R R . —Scanlon, Minn., north Canada F u rn itu re .................. .72
182 Oceanic Steamship................ .75
189
east 38 miles to tim ber lands in St. Louis County; extension proposed Carter- Crume Co
............. ,71
1117 Ogden Gas Co. of Chicago. . 74
155
to Duluth & Iro n Bange BR., 12 miles. Stock authorized, $350,000
186 Pennsylvania Furnace.......... .75
Casein Co. of A m e rica .......... 73
851
187 Penna. Sugar Refining........ ..69
81
Bonds mature $30,000 yea rly on Jan. 1 to 1907, inclusive, and balance Central Coal & Coke............... .75
939 Pittsburg Brew ing...............
80
on Jan. 1,1908, and are guaranteed, principal and interest, b y the Central Fireworks.................. .74
Central Hudson Steamboat. .71
238 Pittsburg Plate Glass.......... .74
725
Messrs. Brooks Brothers and M. J. Scanlon, and cover in addition to Central O il............................... .73
_
186 Pittsburg Stove A Range_ 74
780
road 20,000 acres o f land in Beltram i and H ubbard Counties, Minn.; Chicago Pack. A Provision.. ..74
632 Pitts. Valve A C o n s t r .......... .71 1015
the Minneapolis Loan & Trust Co., o f Minneapolis, is m ortgage rhicaao Railw ay Equipment.75
1S7 Pure O il..................................
870
trustee. V. 74, p. 379. President, D. F. B roo k s; Secretary, H . E. Cincinnati Edison Electric... .74
034
729 Quaker Oats . . ............. .74
Cincinnati Gas & E le ctric ... .74 1092 Railroad Equipment .......... 78
Gipson; Treas., L . B. Brooks.
30
187 Railway Autom atic Sales... .75
City of Chic. Brew. & M a lt .. ..76
33
M i l w a u k e e B e n t o n H a r b o r & C o l u m b u s R y . —Com pleted Cleveland & Sandusky Brew ..75
)87 Iteeee Buttonhole Machine .74
888
(Apr., ’ 00), Benton H arbor to Buchanan, Mich., 27 miles, to extend to Columbian Elee.CarL.ABike.70
178 St. Joseph Stock Yards......... .78
850
Columbus (O .) Edison.......... .74 1357 St. Louis Consol. E le v a to r.. .69
767
Napanee, Ind., a tota l o f 63 miles. Capital stock, $600,000; par,
1013 St. Louis Nat. Stock Yards. 74 1095
$100; outstanding A pr., 1900, $270,000. In July, 1902, a ll the bonds Computing Scale of America.78
w ere owned by the stockholders. Y e a r ending Dec. 31, 1901, gross, Consol. Telephone of Penn. .73 1013 S t.E .Te rm . Cup. S t»t. & Prop.72 1032
688 Schoenhofen(Peter) Brew.Ce.71
239
$30,334; in 1899, gross, $24,709; def. under operatin g expenses, $1,839; ContirienAal Cotton O il....... .70 1083 Scott-Janney Electric C o ... 69
Contra Costa Water Co.........
854
int. on bonds, $20,250. President, F red ’ k M. Steele, 100 W ashington
1254 Seacoast Packing.................. .75
Cramp Steel
.......................
013
St., Chicago, I1 1.-(V . 71, p. 751.)
Cuban Steel Ore..................... 75
651 Sharon Steel ........................ .76
294
State Steel.............
293 Shillito (Jo h n ) Co. of Cincin.09
229
M i n e H i l l & S c h u y l k i l l H a v e n R R . —From Schuylkill H aven Diamond Bessemer C o .......... 75
72
Danville
991 Sprague Electric.................... .74 1143
to Ashland and Enterprise Jot., 42 miles; 2d track, 21 m.; tota l track,
Denver Union Depot............. 69
030
494 Standard Chain......................
136 miles. In 1897 rental reduced to 6 p. o. on stock under n ew lease
270 Standard Shoe M achinery.. .78 1268
Eastern Milling A E x p o r t... .74
444
613 Standard Typ e w rite r............. .72
fo r 999 years from Jan. 1, 1897, to Pliila. & Bead. By. Co. D ividends Eastman Kodak..................... 7b
851 Standard Underground Cable.74 1256
aid stockholders are 2 ^ p. o. in Jan. and 3 p. o. in July, i« p. c. being Edison Elec. Ilium , of Boston.76
Electric Corporation — ....... 70
684 Stetson (Jo hn B.) Co ........... 75
33
educted fo r taxes.— (V. 63, p. 1011.)
683 Storage Pow er....................... .76
Electrical Lead Reduction. .72
81
M u s c a t i n e N o r t h & S o u t h R R . —Musoatine, Io w a , to E lriok, Electro Gas............................... .61 1107 Street’sWest Stable CarLtne.74
782
293 Street Ry. & Ilium . P rop___ .67 1050
on Io w a Central, 28 miles, w ith which has trafflo contract. Stock, Electro-Pneum atic T ra n s it..75
334
481 Sunday Creek Coal Co.of Col.60
$450,000; par, $100.
Years 1900-1, gross, $44,002; net, $7,485; Fairmont. Coal........................ 74
551 Susquehanna Iron A Steel.. .75
Federal
398
oharges, $23,881; bal., def., $16,396. Pres.,W alter M. Gorham, Phila. Federal Sugar Refining........ .75
970
Telephone...............
443 Tacoma Land A lmprovem't.71
92
74
729 Teleph. Telcg r. A Cable....... 72
M u s k e g o n G r a n d R a p i d s & I n d i a n a R R . —Owns road. Flemlngton Coal A Coke —
331
396 Tennessee Copper.................. ..74
Grand Bapids to Muskegon, Mloh., 37 m ile s ; trackage, G. B. & Ind. at Forw ard Reduction.............. 75
Fow ler Bros., L im ..................
79 Torrington Co......................... 73 1200
Grand Rapids, 3 miles.
Road opened 1886, and leased to Grand
606
Straus Br'w.74
725 T rip le r Liquid A ir .................. .75
Bapids & Indiana R R ., which was foreclosed in 1896. Stock, author Gottlieb-Baueru.Paper.......... 75
80
Great. Northern
613 Union Brick Co. of New E »g .7 0
ized, $350,000; par, $100; issued, $1,000. Coupon o f July, 1901, paid Great Western Cereal ........ 73
35 Union Steel............................. 73 1268
In Oot., 1902. Earnings fo r year ending Deo. 31, 1901, gross, $169, G u ib v (J. M.) Petroleum ... .75
137 Union Steel A Ch a in............. .72 1134
293 U. S. Bobbin A Shuttle.......... .74 10P5
944; net, $57,304; interest on bonds, $37,500.—(V. 73, p. 1313; Y. 74, Ham m ond (G. H .) Co........... ,7b
851 United States Finishing....... 72 1286
Harbison- W alker Refract’s. .75
p. 1196; V. 75, p. 793.)
987
Harper & Bros........................ 73 1010 United States Glass...............
N a s h u a & L o w e l l R R . —Owns double track road from Low ell, Houston Oil
137 United States Gypsum.
.74 1138
....................... 76
34
Mass., to Nashua, N. H ., 15 miles. On Oct. 1,1880, leased fo r 99 years Hudson River Te le p hone ... .74
329 U. S. Pneum. Horse Collar.. .73
684
187 United States P rinting........ 74
to Boston & Low ell. In 1887 lease was transferred to Boston & Maine, Hudson R iver W ater Pow er.76
394 Universal T o b a c c o .............. .74 1140
Illinois Telep. a Teleg ....... .73
which pays a rental o f $73,000 (9 per cent on stock).
779
271 Utah F u e l................................ 72
International Car AVheel — .74
195
S u f f o l k A C a r o l i n a R R —(3 ft. 6 in. gau ge.)—Suffolk, Va., to International Crude Kubher.74
98 Washburn W ire ......................
Edenton, N. C., on A lbem arle Sound, 51 miles, including extension Intern. Kmery A Corundum. .71 1015 Whttebreast F u e l.................. 69 1252
294
International Fire Engine.. .71
345 W hite Mountain Paper...... 76
from R ylan d to Edenton, 17 miles, opened Aug., 1902,. It is proposed
638
851 Yakima Investment Co......... .70
Smoke.Powder A Dvna.76
to standard-gauge the road and build a branch to E lizabeth City, m ak inte r S> ate Teleph. of N. .1.. .73
187 Youngstown Iron Sheet A
Inte r
ing a total o f 75 miles. Controlled by Baltim ore capitalists. Stock Jersey City W ater S u p p ly... .74
484
730 T u b e .......................................... .74
authorized, $500,000, o f which $400,000 was outstanding; par Jones & Laughlin Steel Co.. .75
609
S
O c to b er ,
1903.]
BANKS, TBUST COMPANIES, INSURANCE COMPANIES, &C.
NEW Y O R K A N D B R O O K LYN BANKS.
Ca p it a l .
(* State banka.)
Surplus A
D ivid e nd s .
undivid’ d
COMPANIES.
Pari Amount. pro fits, t Period. 1900. 1901. Latest. %
$
N ew ¥ ork | $
$
15 J u ly ’02. 9
A m erica'... .jlOO 1.500.000 3.276.700 J. & J. 14
3.676.100 M. A N .
7
7is M a y ’02. 4
Am . Exoh../100 5.000. 000
478.200 Q .- F .
. . . . . A u g.’02. 5
A s t o r ......... ,100 350.000
776.500 J. A J. 17
12 J u ly ’02. 3
Bowery* ....ilOO 250.000
1.898.700 J. & J. 12
12 J u ly ’02. 6
Broadway .. i 25 1.000. 000
86,300 J. & J.
3 None J a n .’00. 3
Butch’a’A D r 25 300.000
8
8 J u ly ’02. 4
C e n tra l...... ;100 1 ,000,000 577.700 J. & J.
56,700 Ore. Ap r .’01. V. 72 , p. 755.
Century * . .. 100 100.000
12 J u ly ’02. 6
Cbase..........100 1, 000,000 3.262.700 J. & J. 12
16 Oct. ’02. 4
16
Chatham ... 25 450.000 1.034.400 Q .-J .
Chemical— ;100 300.000 7.240.700 Bi-m’ly. 150 150 S e p t'02.25
6 i« J u ly ’02. 3
7
Citizens’ . . . ,100 1.550.000 601,800 J. & J.
15.388.100 M. A N.
6
6 M a y ’02. 3
C ity..............100 25.000. 000
None None D eo .’97. 5
Colonial* ... 100 100.000 170.200
8 J u ly ’ 02. 4
8
Colum bia*.. 100 300.000 253.700 J. A J.
8 J u ly ’02. 4
Commerce ..1 0 0 10000000 7.434.100 J. & J. 18
Cons’lidated1
___ 1.000. 000 1 , 000,000 Org. Jul Y,’02; V. 75 , p. 588, 643.
12 A u g.’02. 6
Com Exch*t>,100 2, 000,000 3.176.000 F. & A. 12
8 J u iy ’ 02. 4
8
East R iv e r.. 25 250.000 151.200 J. & J.
J. & J.
8 J a n .’02. 4
11th W ard*6 25 100.000
8
(&)
Emp. State*. 100 100,000 100,000 V. 73, p. 116, 590, 816.
1,400 Org. Ma V.190 2: V 74, p. 1119.
E q u itab le... 100 200,000
F id e lity *.... 100 200,000 108.500 See V. 71, p. 735, 1147.
12 J u ly ’02. 6
200,000 395.900 J. & J. 12
F ifth ...........!100
F ifth A v e * .. 100 100,000 1.570.900 Q .-J . 100 100 Oct. ’ 02.25
F ir s t .......... 100 1 0 ,000,000 12.219.900 Q .-J . 100 100 Oct ’02. 5
2.710.400 J. & J.
7 J u ly ’02. 3is
Fourth........100 3.000. 000
7
95,200 M. A N.
6 M a y ’02. 3
14th Street* 100 100,000
6
2,147,300 A. & O. 12
12 Oct. ’02. 6
G a lla tin ___ 50 1.000. 000
49.600 F. & A. None None F e b .’ 96. 2is
Ganaevoort* 50 200,000
12 S ep t’02. 3
50
Garfield...... 100 1, 000,000 1.282.000 Q .-M .
Qerm’n A m .' 75 750.000 431.900 F. & A.
6 Aug.’02. 3
6
6 J u ly ’02. 7
Germ’n Ex./100 209.000 626.500 J. & J. 18
Germania*. .100 200.000 866.500 M. & N. 16
18 N o v .’02.10
Greenwich*. 25 200,000 197.700 M. & N.
6 N o v .’02. 3
6
6 J u ly ’02. 3
H a m ilton *.. 100 200,000 107.700 J. & J.
6
5,908,800 J. & J. 10
10 J u ly ’02. 5
H a n o ver___100 3.000. 000
Imp. A Trad.100 1.500.000 6,277,600 J. & J. 20
20 J u ly ’02.10
1
I r v i n g ........ 50 1.000. 000, 000,100 J. & J.
8
8 J u ly ’02. 4
c82,000 Org. Ma r. ’01. V. 72 , p. 367, 753.
J efferson *.. 100 c200,000
Leather Mfr.;100 600,000 525.100 J. & J. 10
10 J u ly ’02. 5
L ib e r t y ...... 100 0 5 0 0 . 0 0 0 0892.200 Q .-J .
Oct. ’02, 5
1.195.500 Q .- F .
300.000
L in c o ln ...... 100
18
18 A u g.’02. 3
Manhattan*] 50 2.050.000 2.284.200 F. & A. 10
A u g.’02. 5
10
10 J u ly ’02. 5
Mkt & Fult.,100 900.000 1.049.100 J. & J. 10
Mechanics’ . 25 2, 000,000 2.552.400 J. & J.
8
8 J u ly ’ 02. 4
fc
Mech. & T r * 25 r400,000 171.100 J. < J. None None J u ly ’02. 3
M ercan tile..100 1,000,000 1.429.200 J. & J.
6
6 J u ly ’02. 4
Merchants’ J 50 2 ,000,000 1.235.500 J. & J.
7
7 J u ly ’ 02. 3is
Merch. E x ..! 50 600.000 285.400 J. & J.
6
6 J u ly ’02. 3
Metronolis* .100 1, 000,000 1,277,000 J. & D. 12
12 J’ne ’02. 6
94.600 J. & J. None None Ju ly,’ 94. 3
Mt. M orris*.100 250.000
Mutual* . . . . 100 200.000 177.400
See V.74, p.706
500.000 304.100 M. A N.
N a ssau *___ ! 50
8 M ay ’02, 4
8
N. Am st’ m.ejlOO €500,000 570.700 Q .- J .
10 100 Oct ’ 02, 8
N ew York..|100 2,000,000 2.269.100 J. A J. 10
10 J u ly ’ 02. 0
N .Y . CountyilOO 200.000 606.400 J. A J. 50 150 J u ly ’02.25
N. Y . N. Ex.IlOO 500.000 359.000 Q .- F . None None N o v .’ 02. 2
Nine’th W ’ d/lOO 200.000 175.900 J. A J. None None J a n .’ 97. 3
N. A m erica! 100 22.000000 1.977.900 J. & J.
7 J u ly ’02. 4
6
300.000 210.100 Org. in A p r .’ 02, V. 74, p. 1065.
Northern...|100
O rien ta l*... 25 300.000 407.300 J. & J. 10
10 J u ly ’02. 5
Pacific* ___ 50 422,700 550,800 Q .- F .
8
8 N o v .’02. 2
P a r k ...........100 ,
4.511.400 J. A J. 12
13is J u ly ’ 02. 7is
People’s* ... 25 200.000 368.500 J. & J. 10
10 J u ly ’ 02. 5
P h e n ix ...... i 20 1, 000,000 287.000 J. A J.
6 N one J u ly ’ GO. 3
100,000 227.500
P la z a * ........,100
V. 67, p. 275
Prod. E xch.’ SlOO 1 , 000,000 470.300 A. & 0.
6
6 Oct. ’02. 3 i 2
R iverside*.. 100 100,000 102.300 Q .-J .
8
8 Oct. ’02. 2
Seaboard ....100 500.000 1.157.500 J. & J.
6 J u ly ’02. 3
6
300.000 1.205.500 J. & J. 12
Second........100
12 J u ly ’ 02. 6
S even th . . 100 ol, 700,000 161.000 J. & J.
6 % None J a n .’01. 313
Shoe A L ’ thrlOO 1,000,000 271,600 Q .-J .
4
4 J u ly ’02. 1
100.000 369.500 J. & J. 10
State*......... 100
18 J u ly ’02.10
S t'te o fN .Y H O O <120,000
M. & N.
6
6 N o v ’01. 3
34th Street.;___
200,000 200,000 Beg. bu s, Oct .1902 ;V .7 5 ,p.771.
74,700 -J. & J.
200,000
Cwe’ f.W ard'lO O
3 None J u ly ’02. 3
23d W ard*.. 100 100,000
81,100 F. < A.
fc
5
5 A u g.’02. 2is
Union Sq.*4u100 200,000
J. & D.
6
6 Jn’ e ’02, 3
U nited...... 1001,000,000 218/100 Began b usine 8S N o v. ’ 01, II
Un. States.pilOOi 500,000 451,100
Varick *...... 100 100,000
60.900 Beganb usine ss Ja n. 2, ’01.
Washlngt’n- 100 100,000
45.900 V.71, p. 215.
Wash. H ’ te.' 100 1 00,000 103,800 Beganb usine ss Se pt. ’ 01, a
Western ... . 100 2,100,000 3,126,COO
None None J a n .’ 94. 3
West S ide*.. 100 200,000 470,700 J. & J. 12
12 J u ly ’02. 6
Y orkvilie' ..100 100,000 261,500
See V.74,p.658
B r o o k ly n
150.000
Bedford *...1 0 0
M. & N.
12 M a y ’ 02. 4
8
Borough * . . 100 100.000
Org. in Apr., 1902; V .74 ,p . 863.
Broadway*. 100: 100,000
J. & J. 10
10 J u ly ’02. 5
-50 300.000
Brooklyn *
J. & J.
7
7 J u ly ’ 02. 3 is
C it y ........
50 300.000
J. & J. 14
14 J u ly ’02. 7
8th Ward* 100 n l 00,000
17,700
5th Avenue* lOOj 100.000
82,7001,J. & D.
Sh
9 J’ ne ’02. 3
300.000 550,600) Q.—J.
First___....1100
12 Oct. ’02. 4
10
Kings Co' m ! 00 150,000;
On)
,1. A J.
5
5 J a n .’02, 2%
Manufao’ rs’ 30| 252,000' 488,61 J. A
10
10 J’ n e ’ 02. 0
M echanics"1 50 500.000 361,9001,J. A M . 10
10 M a y ’ 02. 5
Merchants’ . 100 100.0001
Estab. 1895.
Nassau....... too
300,000:
,r. a j . 12
16 J u ly ’02. 8
North Side.* 100 100,000
J. A J.
7 J u ly ’02. 3
6
Peonies’ *... 50 100,000
M. & N.
8
8 M ay ’02. 4
17th Ward*. 100 100,000
F. A A . None None Aug.’O’i . 3
Sprague — a 00 200,000 257,000 !J. A J.
f! .July’02. 3
6
26th W ard.1 100 100,000
.1. A J.
6
7 4» J nly '02. 3
Union*rn. , iooi 200,000
J. A J.
7*s J u ly ’ 0 2 . 2hi
Wallabmit*. 100 100,000
J. A .1
.
5
5 J u ly ’ 02. 2>9
18ept, it, IV? !, ft,,
mV
,i..|i, 1 j
• *
ti> r Hlato bit11kft. IV. 78. f). 6U0,
818, n«7
,, V,Ti. p. 133. bln Mnr, low. fftoventtt Ward uni Jo run I
M nU m
Sqn«r« tanks merged with C o r n Kjcchan ii littfik , n n d (m id in i or 1 11 s *nh r ohm oil
te t*
to M.000,00 . Him v. 7 i p. H H Mi '. !H , 10M 11? l, \Z\\ V. 15 , e. 9; V 7J. i).
O, <
1
i,
1387,1250, ] O u c in
'H
r. <>■’. v.te<) i n iifjr f;u,no a ipitttl r >1400,000 >ml ftnrnluH
,
.
1
to
r . 73, a. r n , :, h i . < i
■
f r o m n HM in b> H N lU ff iiittt U m t i t i t i i o n
in April, IWM. V. 73, t> (1 3 v ? ! [, If!. In Man It. I' to t, t o nd in io o n m n o
. 3
eapital to *300,000, v. 74, p. IMS, !}& » 7. If)Ml, 0 W ftu a r n t iiih v In Onl , n
'•*,
IticpMo*f ■
tltai and sttrphi« to f i .on , 00 ofich.
Hufih i f tJm Htor ft o f N o w
York
in ,j«n., H in t, with ,S t., Marik 1»r S o n U A im rioit uful Until •
'
dslod. V. 74,p. I'AH, 017. Also tn .inn., VMM,, t o t mj K, ft Of Oftm 1 n/tpllrtl t r om
.
* i ,000,000 i n i '//kmt/yio, non surpios if* I I M M 0 » V . V i , v. iH f , i i Kirtktt Cfiuftiy
4
Bank onfl Union Dank consolidator) in , E
< »rii„ > , nmlnr namfl r,t l/mmi Hunk.
002
snd eapM.al Increased to tZoo.OOO an I iW pit!ft U; 11 ■,(> f 00, V 7-i. n ,
mm.
fO f) ('tpjfjlj tf)
R.
to 1r 0,000.
>
V. l, p. IO . ft In Out.,
N
lpr.2, Totad to Incrnasn capital to ? ,v ,!}Od. V, ' to 0, 6
In Jmif), 1 ■
0
name ehuOkMtl from HI do ,v Loathor iijtlofmi U n itk t > thn v uMonft1 Bunk
,
pi the Unitor) States In New York v. i, p. 1174; V . 7f», ri. U.
r Capital t o hn
Inr r.-ated to *700,000. V.7i, r W 7 I j ml0000 in
> |
W 4 , f r o m i 1.WiQ.OvO,
V.7», p, H 017
07,
2 000,000
NEW
YO RK
AND
175
B R O O K L Y N T R U S T CO M PA N IE S.
(For detailed statements see C h r o n i c l e of July 26,1908.)
Surplus & Dividends paid in ’00 and ’01,
and also last dividend.
U n d iv’ed
Profits
Period. ’00. ’01. La st Paid. %
P a r Amount. J n e3 0 '02
Ca p it a l .
Companies .
A tla n tic .........100
B ow lin g Gr’ n. 100
B roadw ay — 100
Cent. R .B .A T. 100
C e n tra l......... 100
C ity ................. 100
C o lo n ia l........100
Continental.... J 00
E a stern ......... 1100
E m pire State.; 100
E q u it a b le ---Farm. L. & Tr.
Fifth Avenue..
Guar.Tr.,N.Y..
G u a rd ia n ......
Knickerbock’r
Lin coln .........
Manhattan ...
M cV ioar R ’lty
M ercantile___
M erchants___
M etrop o lita n .
M o rto n ..........
Mut. Alliance.
N .Y .L f. I.& Tr.
N. Y. Seo.& Tr.
N o.A m erican .
R eal Estate...
Standard ......
T itle G u.& Tr..
Tr. Co. o f A m ,
T r Co. o f Rep.
U n io n ............
U .S.M ort.ATr.
United States .
Van N o r den..
W ashington. .
B r o o k ly n ,
B ro o k ly n .......
Flath nsh ........
F ra n k lin ........
H am ilton ___
K in gs County.
L o n g l.L .& T r..
Man’rs’,Bklyn
Nassau...........
Peop le’s.........
1.500.000 1,080,121
2.500.000 2,548,100
700.000 354,289
51000000 2,022,238
1 , 000,000 12803752
1, 000,000 1,544,730
1 , 000,000 1,307,106
1, 000,000 2.250.000
1, 000,000 1, 000,000
500.000 500.000
1,000,000 508,894
1 , 000,000 6,813,762
1,000,000 7,206,308
2,000,000 5,100,821
1 ,000,000 1 , 000,000
1 , 000,000 1,686,749
500.000
500.000
1 , 000,000 1,919.115
500.000
Q .-J . n’ne 6 Sept.,’02. 2
V.69.p. 624. 127 7. J u ly ,’99.35
Beg. buls.M’ y ’02 V. 74, p.737,965
J. A J.i ...
July, 02, 6.
Q .-J . 60 60 Oct., ’02.15
F. & A,
•
A u g.,’02. 4
J. & J. 10 10 J u ly ,’02. 5
Q .-M . 6
7is Sept.,’02. Ha
Beg.bu s.Ju i y ’ O 2.V.75,p.9.12
Org. in 19o 2; V. 75, p. 1231.
V. 74, p .117 4; V . 75, p. 114.
Q .- F . 30 35 A u g .,’ 02.10
20 Sept. ,’02. 3
Q .-M .
Q .-M . 18
16 Oct., ’02. 4
Beg bu s.Ag ’02.; V. 75, p. 422.
J. & J. 7
7 J u ly ,’ 02. 3is
Org. M a r ’ O 2 V. 75, p. 114.
6 J u ly ,’ 02. 3
J. & J. 6
5,396
2 , 000,000 5,327,957 Q .-J .
500.000 1,374,716
1, 000,000 2,158,945
2, 000,000 5,373,061
500.000 500.000
1,000,000 4,134,659
1 ,000,000 3,572,982
2 , 000,000 2.800.000
500.000 592,002
1,000,000 713.970
C 2500000 3,787,527
2.500.000 3,034,050
1,000,000 623,149
1 , 000,000 7,157,532
2,000,000 3,341,045
2 ,000,000 12094960
1,000,000 1,021,242
500.000 853,864
See V.
J. & J.
Q .-M .
Beg. bu
J. A D.
Q .- F .
J. A J.
J. A J.
J. A D.
Q .-M .
J. & J.
Beg. bu
Q .-J .
See Mi
J. A J.
B eg.bu
Q .-J .
19 25 Oct., ’02. 5
69, p, 1 131, 1227.
10 10 J u ly ,’02. 5
Sept.,’ 02. 5
s.J’ l y,’02 V.74,p.917,1336
40 40 June,’ 02 .2 0
20 20 N o v .,’02. 8
2is 7 June,’ 02. 3 i«
8 July, ’ ®2. 5
8
3 June,’ 02. 3
10 12 Sept.,’02. 3
3is 7 J u ly ,’02. 313
s. A p r .l ’02. V.74,p.657
32 32 Oct., ’ 02.10
seel lane ous Cos.
45 50 J u ly ,’ 02.25
s. M ar.’O 2. V.74,p.757
10 10 Oct., ’02. 3
1,000,000 1,847,222 Q .-J . 16
16 Oct., ’02. 4
J u ly ,’02. 2 13
131,178 J. & J.
1, 000,000 1,368,698 Q .-J . 10 11 Oct., ’02. 3
8
8
Aug.,’02. 2
500.000 873,932 Q .- F .
500.000 1,166,210 Q .- F . 10 10 Aug. ,’02. 2is
10 Oct., ’02. 2ia
1, 000,000 1,357,609 Q .-J . 10
500.000 950,879 Q .-M . 10 14 Sept.,’02. 2
6 A u g.,’ 02 3
500.000 442,141 F. A A. 6
1 , 000,000 1,490,019 M ’tlily. 13is 12 Oct., ’02. 1
700.000 502,105 J. A J ...... 6 Oct., ’02 2
. .. __________________ .. V. 75 p. 37Z, 4?7.
c la Sept., 1902, voted to increase capital to t i , u O O . V. 75, p. 268, 588, 643.
O .O O
N E W Y O R K A N D B R O O K L Y N F IR E IN S U R A N C E C O M PA N IE S .
200.000
Ca p i t a l .
C o m p a n ie s .
Par.
Com’n w ’l t h .
Continental.
Em pire City.
German A m .
G er.A llian ce
G erm ania...
G reen w ich ..
H a m ilto n . . .
H a n o v e r___
H o m e ___ . ..
K in gs C o ___
Nassau........
N e w Y o r k ...
N ia g a ra . . . . .
North R iver.
P a c ific ........
P eter Cooper
P h e n ix ........
S tu y vesa n t.
U nit’d States
Weatchest’r .
W ’msb. City
100
100
100
100
100
50
25
15
50
100
20
50
100
50
25
25
20
50
25
25
10
50
Net surp.,
D iv id e n d s .
Deo. 31,
Amount. 1901.* 1899. 1900. 1901. La st Paid. %
500,000 301,087
1,000,000 4,901,328
200,000
27,203
1,000,000 4,493,136
400,000 406,970
1,000,000 2,484,448
200,000 135,656
150,000
37,117
1,000,000 564,894
3,000,000 5,906,343
200,000
87,020
200,000 243,164
200,000
56,218
500,000 962,567
350,000 200,216
200,000
88,774
150,000
97,582
1,000,000 1,778,750
12,522
200,000
250,000 115,882
300,000 1,186,812
250,000 1,187,933
6
25
6
30
15
10
6
10
10
5
10
6
10
8
10
10
10
6
8
16
24
6
25
6
30
6
25
None
30
6
15
15
10
10
6
6
10
8
10
13
5
5
10
10
6
6
10
10
8
8
10
5
10
10
10
10
6
3
8 .
7
16
16
24
24
J u ly ,’ 02. 3
J u ly,’02.12i3
J u ly,'02. 3
J u ly ,’02.15
J u ly ,’02. 3
J u ly,’ 02. 8
J u ly ,’02. 5
J u ly ,’ 02, 3
J u ly / 02. 4
July/02. 7
D ec.,’ 01. 5
J u ly ,’02. 5
Aug. ,’ 02. 3
July/02. 7
Oct., ’ 02. 4
J a n .,’ 01. 5
July/02. 5
Aug.,’ 02. 5
Jan., ’02. 3
July/02. 2
Aug.,'02. 8
Ju ly/02 .12
GAS C O M P A N IE S .—SEE A L S O M IS C E L L A N E O U S
COMPANIES.
Par.
Securities
afloat.
Period.
Dividends and Interest.
’ 00. ’01.
*Date.
%
Bingh. (N. Y .) G .W .. $100 $450,000 J. A J. 2
2 July 2 0 / 0 1 ,1
1st M. 5s, g ........... 1,000
528.000 A . A O. 5
5 Apr. 1, 1938
Col’mb’ s (0 .)G .L & H . 100 1,699,325 , * _____ . 4J 6 Mar. 15/02,4
a
Pref., non-oum___ 100 3,242,800 J. A D. 6
6 J’ n o l6 , ’02, 3
Con. das (N. J.) S tk .. 100 1,000,000
Con. M., go ld ___ o* 1,000
971.000 J. A J. 5
5
J a n .1.1936
L. Br. I/g lstM .6 s. 1,000
15.000 J. A J. 6
6 Jan. 15,1914
Indianapolis G as___
50 2, 000,000 Q .-J .
6
(?)
(?)
1st m ortgage........ 1,000 2.750.000 M. A N. 6
6
1920
Jack,(M ich.) Gas Stk
250.000 J. A J. 2
50
0 July, '02. 2
1st M. 5s, g ........... 1,000
310.000 A. A O. 5
5 Mar. 1, 1937
Madison (W is.)G A K } 100
400.000 J. A J. 5
5 ,1uly20’02,21
s
i st M. 6s, g ........... 1,000
350.000 A. A O. 6
0 Apr. 1, 1926
Deb., scrip,g.,6 p.o. 25 &0
100.000 A AO 10 6
0 V. 71, p. 392.
Mlnnoap, G. I,., Htk.
800,000 J. A J. 8
50
8 .1uly.1/02,4
1st con. g o ld ........ 1,000 2.900.000 M. A S. 6
0
1910-1930
Mun’l Gas (Alb, N. Y) 100 2, 000,000 Q .-F - 10 10 No v. 1/02,2 >
-0
1st mortgage, g ___1,000
500.000 J. A J. 6
0 July l, 1906
N ew Orleans O. L .L . 100 3.750.000 .(. A ,1. 5
5%i J u ly ,’02, 3
1st m ortgage........1,0 0 0
70.000 ,r. a .1. 5
5
varlotiH.
Eocli’st’r G .A HLcotn 10 0 2.150.000 A. A O. 3
0 Oot. 1ft, ’02, 3
P referred ..............
loo 2,1 50,000 P. A A. <
i
6 Aug, 1/02,3
1st, cons, rnort...... 1,000
2, 000,000 M. A N. 5
5 Nov. 1. 1912
2d mort ............... i ,000
1,000,000 M, A H •t I-, •On Mur, 1ft, 1920
.
Itnpi, M., 4 'a p. o. i ,00 0
700.000 J. A .1.
- * * « Jul y 1. 1921
Muh.O.&E.lHt.-i 'as 1,0 0 0
<150,00 ' A. A O. ... .
Apr. 1, 1912
fit..(os. (M o.)Gas Stk , lo o
3 Bent., '01, 1q,
M, A H. 3
I st Morfc, 5«, g ...... ) ,000
5 Jul y I, 1937
St, P.(Mlmi,)G.i,.Htlc.
1 00 1,500,000 Q. F.
3 Aug. 15/01,1
•1
0
1 id, M., currency,, 1,000
! . A J.
0 July 1, 1915
CCJiHOi. M ....... ... l,00()|
0 July 1, 1918
.1. A .1 0
.
Gen. inert, gold., . 1,000
M, A S. it
Mar. 1, 1044
Wash’ ii (D. 0,) G. L..
2 0 ! {,000,000 if. !■
’.
15 Aug. 1/02,7 hi
Ueg., 0, Series A , g Var’sl
,). A .1 0
.
0 J 'no 30/02*27
Reg,, 0, Series B, g Var’ s
.(. A .1. 0
0 1)60,3 1,'O-t 29
I Ilia coluinn shown Innl dl\ U end on nlonkM an l m aturity on B o n S i .
i lr) April, 1001, leased 1 1 April, 1025, to Nr w Orleans Lighting Oo.
,11
at 6% per anu. on shook, pay aide Jan. A J uly,..V .72, p.078, 030,393, 91
1 N ow controlled by American Light A Trant.l on. S eep a ge 1 7 0 .
INVESTOKS’ SUPPLEMENT.
176
IN D E X
TO R A I L R O A D
MORTGAGES
Abstracts of railroad mortgages published in the C h r o n ic l e :
V ol . P age.
Atchison Topeka & Santa F e mtges., securing prior lien gold
4s, due Oct. 1,1925, and gen. M. g., 4s, due Oct. 1,199 >
62 731
Adjustm ent m ortgage, gold 4s, due Ju ly 1, 1995........... 62
739
Buffalo & Susquehanna 1st M. 5s, gold, o f 1893, due 1913..
57 639
Cambria & Clearfield 1st M 5s, 1891, due 1 9 4 1 ............. 52
976
Central o f G eorgia R y consol. M., 5s, gold, 1895, due 1945. 61
873
Central R R . & Bk. Co. o f Ga. Col. Trust 5s, due M ay 1,1937. 45
242
Central R R . Co. o f N. J. Gen. M. 5s, due Ju ly 1 ,1 987..... 45
402
Central Pacific 1st ref. gold 4s, due Aug. 1 ,1 949...............
69
808
30-year gold
due A ug. 1, 1929..............
69
858
Chesapeake & Ohio 1st M. 6s, due July 1 ,1 908 ..................... 45
54
1st M. Peninsula ext. 6s, due Jan. 1,1 911................. 45
55
1st M. extension, 6s, due June 1 ,1 922....................... 45
55
1st eonsol. M. 5s, due M ay 1 ,1 939..........................
49
147
1st consol, on R ich & A ll., due 1989................................ 51
144
2d eonsol. on Rich. & A ll., duo 1989.................................. 51
144
644
General m ortgage, gold, 4 ^ s, due March 1, 1992........... 54
Chicago Burl. & Q., Nebraska ext. 4s, due M ay 1 ,1 9 2 7 ........ 45
441
Illin ois D ivision 3*28, due Ju ly 1 ,1 9 4 9 ..........
69
283
Chicago & E rie 1st and income m ortgages, due 1982........... 51
911
C .M .& S t.P .,ls tM .,C h ic .& L .S u p ’rd iv .5 s ,d u e J u ly l,1 9 2 1 .
45 146
1st M. Chic. & Mo. R iv e r 5s, due Ju ly 1,1926................. 45
213
144
1st M. Chic. & Pacific 6s, due Jan. 1 ,1 9 1 0 ...................... 45
1st M. Chic. & Pacific W estern 5s, due Jan. 1 ,1 9 2 1 ........ 45
145
85
Consol. Mort. 7s, due July 1,1 905................................... 45
1st M. Dakota & G reat Southern 5s, due Jan. 1,1 9 1 6 ___ 45
213
1st M. Dubuque 6s, due July 1 ,1 920................................ 45
144
1st M. F argo & Southern 6s, due Jan. 1 ,1 9 2 4 ................. 45
212
1st M. Hastings & D akota exten. 7s, due Jan. 1910...^... 45
144
1st M. Io w a & D akota 7s, due July 1,1 9 0 8 ...................... 45
114
1st M. Lacrosse & D avenport 5s, due Ju ly 1 ,1 9 1 9 .......... 45
114
1st M. M ineral P o in t 5s, due Ju ly 1 ,1 9 1 0 ........................ 45
145
1st M. Southern Minn. 6s, due Jan. 1 ,1 910 ...................... 45
114
Term inal Mort. 5s, due July 1,1914.................................. 45
212
1st M. W estern Union 6s, due July 1 ,1 909...................... 45
114
1st M. Wisconsin & Minn. 5s, due Ju ly 1 ,1 921................ 45
145
1st M. Wisconsin V a lley 6s, due July 1 ,1 9 2 0 ................... 45
145
830
General M. bonds o f 1889, due 1989 ............................... 48
Chicago & N orth W estern gen M gold bonds (up to 5 p. c.),
due Nov. 1,1987
..... . . . ........................................ 65 1175
Chic. R. I. & Pac. gen. M. gold Is , due Jan. 1,1988. ........... 66
522
Clev. Cin. Chic. & St. L .—Collat. trust St L.D iv. 4s, due 1990. 52
42
D en ver & R io Grande 1st Con. M. 4s, due Jan. 1 ,1 9 3 6 ........ 47
228
Im provem en t M. 5s, due June 1,1 9 2 8 ............................. 47
229
D en ver T ram w ay consol, mort. 6s, due Jan. 1 ,1 9 1 0 ........... 52
354
Duluth South Shore & A t. 1st M. 5s, due Jan. 1,1937........... 45
274
E r ie R R . 1st consol, mort. securing p rio r lien and general
mort. bonds, due Jan. 1,1996........................................ 62
86
F o rt W orth & D en ver C ity 1st M. 6s, due Dec. 1 ,1 9 2 1 ........ 45
440
Georgia Car. & N orth’n 1st M. 5s, due Ju ly 1,1 9 2 9 .............. 49
239
Ga. So. & Fla. (So. Ry. System) 1st M. 5s, g. due July 1,1945.
61 429
Houston & Texas Central, all n ew m ortgages o f 1890.......... 52
242
Io w a Central 1st m ortgage 5s o f 1888, due 1938................. 49
582
Illin o is C entral—Lou. D iv. & Ter. 1st M. gold 3^9, due
Ju ly 1,1953 .........
66
136
St. Louis D iv. & Term . 1st M. gold bonds (3 to 4 p. o.),
due July 1, 1951.............................................................. 66
138
Lake E rie & W estern 1st M. 5s, due Jan. 1,1 937.................. 46
45
2d M. 5s, due July 1,1 941................................................. 54
444
L . Sh. & M. S o A ^ p . e. gold bond M. o f ’97, dueJune 1,1997.
64 1182
Lehigh V a lley o f N ew Y o rk 1st J ^ s , due July 1 1 9 4 0 .......... 51
114
Lou isville & N ash ville U nified mort. 4s, due July 1,1940 . ..
51 613
Manhattan E levated consol. 4s, due A p ril 1,1990................. 51
248
M exican Central consol. M. 4s, due 1911 and 1939............... 49
177
Minn. & St. L . 1st cons, gold 5s o f 1894, due N ov. 1,1 934..
59 1145
M. St. P. & S. Ste. M arie 1st Cons. M. 5s, due July 1,1938...
47 142
1st M. Minn. S. Ste. M arie & A tl. 5s, due Jan. 1,1926___ 45
243
Minneapolis Street R ’y consol, m ort. o f 1890, dueJan.15,1919
52 356
Mo. Kan. & Texas Ry. 1st M. 4s, due June 1,1990............... 51
495
2dM. 4s, due June 11 9 9 0 ................................................. 51
495
Missouri Pacific 1st Cons. M. 6s, due N ov. 1 ,1 9 2 0 ................ 47
287
M obile & Ohio General M. 4s, due Sept. 1,1938.................... 47
83
N ew Y o rk Chicago & St. Louis 1st M. 4s, due Oct. 1 ,1 9 3 7 ..
45 541
N. Y . Susquehanna & West. 1st mort. 5s, due Aug. 1,1940..
52
84
Term inal 1st M. 5s, due M ay 1,1943................................ 57
512
N orfolk & W estern R y. 1st consol. M „ gold, 4s, due 1996...
64 376
NorthernPac. Ry. p rior lien M., 4s, gold, due Jan. 1 ,1 9 9 7 ..
63 1012
General lien M., 3s, gold, due Jan. 1, 2047...................... 63 1017
Oregon R rR . & N avigation consol, mort., 4s, due 1946........ 63
928
Oregon Short L in e 4 p. c. and partic. gold bonds, due Aug.
1, >927 ........................................................................... 75
243
Peoria & Eastern—O. Ind.& West. 1st M.5s, due A pr. 1,1938.
47 201
Consol. 1st m ortgage 4s, due A p ril 1,1 9 4 0 ..................... 51
246
Incom e m ortgage bonds, due A p ril 1 ,1 9 9 0 ..................... 51
247
Philadelphia & Reading R ailica v m ortgage, dated N ov. 18,
1896, fo r $30,000,000 o f gold 6s...................................... 64
618
Pittsburg & W estern 1st M. 4s, due July 1,1917 ................. 45
439
Reading Company and Phila. & Reading Coal & Iron Co.
gen. m ort., gold, 4s, due Jan. 1,1997......................... 64
612
R eading Company V o tin g Trust A greem en t......................... 64
955
Jersey Central collat. trust 4s, due Feb. 1 ,1 951............ 72
487
R io Grande Southern 1st m ortgage, due July 1 ,1 9 4 0 ......... 54
163
R io Grande West. 1st M. 4s, due July 1. 1939....................... 49
237
St. P. M. & M. 1st M. Mon. ext., 4s, due June 1, 1937........... 45
342
Pacific Extension 1st mort. 4s, due July 1,1940............ 52
82
San Fran. & N orth Pacifio 1st M. 58, due Jan. 1, 1 9 1 9 '........ 49
241
Southern Pac. coll, trust gold 4s, due Aug. 1, 1949............ 67
859
Two-five-years co ll trust 4^8, due Deo. 1, 1 9 0 5 ......... 71 1314
Southern Pac. of Cal. 1st consol. M. o f 1893, due 1937........ 57 1041
Southern R ailw ay 1st cons. M. 5s, due July 1,1994............ 59
783
Texas & Pacific 1st M. 5s, due June 1, 2000.......................... 47
82
2d M. 5s, due Dec. 1, 2000................................................. 47
82
Toledo Peoria & W estern 1st M. 4s, due July 1, 1917............ 45
242
Union Pacific 1st lien convert. 4s, due M ay l, 1911............ 72 1084
V irginia Midland general M. 5s, due M ay 1,1936................. 47
23
Wabash 1st f ' -5s, due M ay 1.1939......................................... 49
2 0
2d M. 5 s? iJ e Feb. 1, 1 9 3 9 ................................................ 49
272
Deb. M. 6s, due July 1,1939.............................................. 49
273
D etroit & Chicago Exten. 1st M. 5s, due July 1 ,1 9 4 1 ...
54 1049
Western N ew Y ork & Penn. 1st M. 5s, due Jan. 1 ,1 9 3 7 .....
47 109
W est Shore 1st M. 4s o f 1889, due 2361 ................................ 42
176
RAILROAD
[VOL. LX X V .
A N D OTHER M A P S
SUPPLEMENT.
IN
THE
The railroad maps in the Su p p l e m e n t and maps of certain
coal companies’ properties may be referred to easily by the
index below. These maps are prepared with much care in the
C h r o n ic le office, and are intended to show as clearly as poss
ible the precise location ot the various railroads represented
and their strategic position in commanding business.
I'XAr .
A AGE
Adirondack. Nee Map D elaw are & H udson.................... . ............. 5 2
9
A nn A rb o r ..........
Atchison Topeka & Santa F e R a ilw a y System .......................... 1 0
........... ............................. ................... 1 2
A tla n tic Coast Lin e
A tla n tic Valdosta & W estern ...................................................... 1 4
Baltim ore & Ohio.............................................................................* * * ‘ 1 5
B angor & A roostook .......................................................................... ” ” yg
Buff alo Rochester & P itts b u rg ....................................................... 9
Buffalo & Susquehanna................................................................ ’
22
Canada Southern. S e e N e w Y o rk Central................................... 100
Central Pacifio. S e e Southern P a c ifio ......................................... ..'.* 1 3 4
Central o f G eorgia.............................................................................‘ ’ ' 2 5
Central RR. of N ew Jersey. S e e Philadelphia & R eading P v .
..I l2 1
Chesapeake & O hio.............................................................................. " " 2 8
Chicago & A lt o n .................................................................................... ‘ 3 0
Chicago B urlington & Q uincy............................................................... 3 2
Chicago & Eastern Illin ois............................................................... 3 4
Chicago Great W estern ................................................................
Chicago Indianapolis & L o u is v ille ...........................
87
Chicago Milwaukee & St. Pau l............................................................... 3 3
Chicago & Northwestern .
Chicago Rock Island & P a cific .............................................................. 4 2
Chicago St. Paul & Kansas City. Nee Chicago G reat W estern .......... 3 5
Choctaw Oklahoma & G u lf ....................................................... ....... 4 4
Cincinnati Ham ilton & D ayton .................................................... 4 6
Cincinnati N ew Orleans & Texas Pacific. S e e Southern R y ........... 14 4
Cleveland Cincinnati Chicago & St. Lou is............................................ 4 3
Colorado Fuel
Ir o n ..............................................................
15 5
Colorado & So ui hern. ......................................................................... 5 0
D elaw are & Hudson............................. ................................................ 5 2
D elaw are Lackawanna & W estern...................................................... 5 4
D enver & Rio Grande............................................................................ 5 6
Dubuque & Sioux City. S e e Illin ois Central........................................ 7 1
Erie R R .................................................................................................. 60
G alveston H arrisburg & San Antonio. See Southern P iciflc............ 134
Grand Rapids & Indiana. See Pennsylvania R R ................................ m
G reat N orth ern ...................................................................................... 64
G reat N orthern R y. o f Canada............................ ................... ........ 67
G u ll & Ship Is la n d ..............................
68
H ocking V a lle y .......................... ............................... .*.......................... 69
Houston & Texas Central. See Southern P a cifio ................................ 1 3 4
Illinois C e n tr a l— ........................
71
Io w a C entral...................................
73
Kanawha & Michigan. See Toledo & Ohio C entral............................I 4 0
Kansas City M exico * O rient............................................................... 7 5
Kansas C ity Southern............................
77
Lake Shore & M ichigan Southern. S e e N e w Y o rk C entral................100
Lehigh V a lley......................................................................................... 80
Louisiana & Arkan sas.........................................................
83
Louisville & N ash ville........................................................................... 8 4
M exican C entral..................................................................................... 8 6
M exican International. S e e N ational Ry. o f M ex ico ...... .............. 9 3
Michigan Central. S e e N ew Y o rk Central...........................................lo o
Minneapolis & St. L o u is......................................................................... 89
Missouri Pacific.....................
92
M obile & Ohio. S e e Southern R y ....................................... .............. 1 4 4
Nashville Chattanooga & St. Louis...................................................... 9 4
N ational RR. o f M exico
..........................
93
N ew M exico R a ilw a y & Coal ............................................................. 9 8
N e w Y o rk Central & Hudson R iv e r .......................
10 0
N ew Y o rk Chicago * St. Louis. S e e N e w Y o rk C entral..................... 100
N e w Y o rk Ontario & W estern................................................................ 1 0 2
N o r f o l k * Western.................
10 4
Northern P a cific..................................................................................... 1 0 6
Oregon Short Line. S e e Union P a cifio ............................................... 1 4 2
Pennsyl v ani a...........................................................................................m
P ere M arquette..............................................
114
Philadelphia & Erie. S e e Pennsylvania R ailroad.............................. i l l
P h ila d e lp h ia * Reading R a ilw a y ........................................................ 1 2 1
Pittsbu rg Bessemer & Lake E r ie ......................................................... 1 1 6
Pittsburg Cincinnati Chicago & St. Louis............................................. 1 1 7
Pittsburg F o rt Wayne & Chicago. S e e Pennsylvania R a ilro a d ........I l l
Reading Company System ..................................................................... 1 2 1
Rio Grande Southern. S e e D en ver & Rio Grande............................... 56
Rio Grande W estern. Nee D enver & R io G rande............................. 56
St. Louis Memphis & Southeastern.....................................................124
St. Louis & San Francisco......................................................................1 2 6
St. Louis Southwestern......................................................................... 1 2 8
Seaboard A ir Lin e......... ...................
13 0
Southern Indiana..........................................
13 2
Southern Pacific Company..................................................................... 1 3 4
Southern R a ilw a y .................................................................................. 1 4 4
Toledo & Ohio C entral............................................................................ 1 4 0
Union P a cific.......................................................................................... 1 4 2
Wabash R a ilro a d ...............
146
W isconsin C entral.............................
150
I N D E X TO I M P O R T A N T E D I T O R I A L
A R T IC L E S .
Assessable storks in Philadelphia.—V. 70, p. 1074,
Baltim ore & Ohio system bonds described.—S u p p l e m e n t , A p ril, 1896.
Bonds, Non asseuting, Status o f in R eorganization Without F o re
clo su re—V. 64. p. 923, 1027.
Bonds (railroad) o f one com pany secured b y m ortgage o f another
company.— V 60, p. 731.
Chicago Burlington & Quincy bonds, etc., described.—Su p p l e m e n t
Oct., 1896; C iik o n io l e , V. 63, p. 775.
Collateral trust m ortgages.—supplement , March, 1888.
C onvertible bonds.— Supplement , March, 1893.
Cumulative bonds aud stock.—Su p p ., A p ril, 1886; do.. Sept., 1888.
Debenture bonds.—supplement , March, 1S93; do., A p ril, 1895.
D ividends.—See explanation “ Our Supplements” ,C h r o n .,V. 55,p.785.
Dividends of RR, companies fo r seven years.—Suppl ., Jan., 1897,
D rawn bonds.—Supplement , N ov ., 1889; do., October, 1895.
Features o f new railroad m ortgages.—Supplement , Sept.. 1889,26.
Guaranties.—Chronicle , V. 56, p. 561, 6 j3, 649,695,812; V. 64,
<
p. 687, 780.
Incom e bonds.—Supplement , September, 1890.
Physical condition o f railroads.—C h r o n ., V. 60, p. 1081; V. 61. p. 9.48.
Preferred stocks o f industrial companies.—S u p p l e m e n t , May, 1893.
P referred stocks o f RR. companies.—S u p p l ., A p ril, 1897; also V. 64
p. 825, 955; Oct., Is9 7 ; do., Apr., 1886; do., Sep., 1888; V. 71, p. 1143.
V tin g trusts —V. 64, p. 825, 955.
Railroad bonds redeem able before m aturity.—S u p p l ., N ov ., 1889.
Refunding bouds—see “ Possibilities o f Saving in Refunding,” etc.—
C h r o n i c l e . V. 64, p. 492.
Sinking funds and bonds subject to call.—Su p p l e m e n t . Oct., 1895.
35
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